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Total Income for Food and Beverages Down

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Total Income for Food and Beverages Down

Total Income for Food and Beverages Down

The total income generated by the food and beverages industry for November 2009 decreased by 6.6% compared with November 2008, data released on Tuesday, 2 February 2010, by Statistics South Africa shows.

The decrease was largely due to decreases in income from food sales (-4.6% and contributing 4.0 percentage points) and income from bar sales (-16.1% and contributing 1.9 percentage points).

The main contributor to the decrease of 6.6% in total income for November 2009 compared with November 2008 was restaurants and coffee shops (-12.8% and contributing -7.6 percentage points).

However, this decrease was partly counteracted by an increase in income for takeaway and fast-food outlets (11.2% and contributing 2.4 percentage points).

The total income generated by the food and beverages industry for the 3 months ended November 2009 decreased by 2.9% compared with the 3 months ended November 2008.

Decreases were reported for income from food sales (-2.6% and contributing 2.3 percentage points), income from bar sales (-3.1% and contributing 0.3 of a percentage point) and other income (-12.9% and contributing 0.2 of a percentage point).

The 2.9% decrease in total income for the 3 months ended November 2009 compared with the 3 months ended November 2008 was due to decreases in income reported by restaurants and coffee shops (-7.5% and contributing 4.4 percentage points), other catering services (-12.6% and contributing 0.6 of a percentage point) and caterers (-2.8% and contributing 0.4 of a percentage point).

However, these decreases were counteracted by an increase in income reported by takeaway and fast-food outlets (11.5% and contributing 2.5 percentage points).

Source: www.bizcommunity.com

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