StatsSA Food & Beverage key findings report for December 2023

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 5% in December 2023 compared with December 2022. “Other” income recorded the highest annual growth rate (22,2%).

Year-on-year percentage change in food and beverages income at constant 2019 prices by type of enterprise.
In December 2023, the main contributor to the 5% year-on-year increase was restaurants and coffee shops (11,1% and contributing 6 percentage points).

Food and beverages income at constant 2019 prices for the latest three months by type of enterprise.
Total income increased by 1,8% in the fourth quarter of 2023 compared with the fourth quarter of 2022. The only positive contributor to this increase was restaurants and coffee shops (5,9% and contributing 3,1 percentage points).

Seasonally adjusted income for the food and beverages industry increased by 3,4% in December 2023 compared with November 2023. This followed month-on-month changes of -3,9% in November 2023 and -2,9% in October 2023.

Food & Beverage: Key findings – https://www.statssa.gov.za/?page_id=1856&PPN=P6420&SCH=73489

Food & Beverage: Full publication – https://www.statssa.gov.za/publications/P6420/P6420December2023.pdf

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