Key findings: P6420 - Food and beverages, March 2024

Year-on-year percentage change in food and beverages income at constant 2019 prices by type of income

 

Measured in real terms (constant 2019 prices), total income generated by the food and beverages industry increased by 3,7% in March 2024 compared with March 2023. The highest annual growth rates were recorded for ‘other’ income (14,0%) and bar sales (10,3%).

 

Year-on-year percentage change in food and beverages income at constant 2019 prices by type of enterprise

 

In March 2024, the positive contributors to the 3,7% year-on-year increase were restaurants and coffee shops
(6,2% and contributing 3,3 percentage points) and takeaway and fast-food outlets (3,7% and contributing
1,3 percentage points).

 

Food and beverages income at constant 2019 prices for the latest three months by type of enterprise

 

Total income increased by 1,9% in the first quarter of 2024 compared with the first quarter of 2023. The main contributor to this increase was restaurants and coffee shops (3,9% and contributing 2,1 percentage points).

 

Seasonally adjusted income for the food and beverages industry decreased by 1,5% in March 2024 compared with February 2024. This followed month-on-month changes of 6,5% in February 2024 and -4,0% in January 2024.