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FOOD & BEVERAGE, RETAIL | Staff Reporter, Hong Kong
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Total receipts of the restaurants sector up 4.1% to $27.8b in 4Q16

The value of total receipts increased 2.9% to $107.4b in 2016.

According to the Census & Statistics Department, the value of total receipts of the restaurants sector in the fourth quarter of 2016, provisionally estimated at $27.8 billion, increased by 4.1% over a year earlier. Over the same period, the provisional estimate of the value of total purchases by restaurants increased by 4.0% to $9.3 billion.

After netting out the effect of price changes over the same period, the provisional estimate of the volume of total restaurant receipts increased by 1.1% in the fourth quarter of 2016 compared with the same quarter in 2015.

Analysed by type of restaurant and comparing the fourth quarter of 2016 with the fourth quarter of 2015, total receipts of Chinese restaurants increased by 2.6% in value but decreased by 0.9% in volume. Total receipts of non-Chinese restaurants increased by 4.5% in value and 2.5% in volume.

Total receipts of fast food shops increased by 7.4% in value and 3.7% in volume. Total receipts of bars increased by 4.8% in value and 4.9% in volume. As for miscellaneous eating and drinking places, total receipts increased by 4.8% in value and 1.8% in volume.

Based on the seasonally adjusted series, the provisional estimate of total restaurant receipts increased by 1.4% in value and 0.6% in volume in the fourth quarter of 2016 compared with the preceding quarter.

For 2016 as a whole, the value of total receipts of the restaurants sector was provisionally estimated at $107.4 billion, representing an increase of 2.9% in value but a slight decrease of 0.2% in volume compared with the whole year of 2015. Over the same period, the provisional value of total purchases by restaurants increased by 1.2% to $35.6 billion.

Analysed by type of restaurant and comparing the whole year of 2016 with the whole year of 2015, total receipts of Chinese restaurants increased by 1.0% in value but decreased by 2.5% in volume. Total receipts of non-Chinese restaurants increased by 3.1% in value and 1.1% in volume. Total receipts of fast food shops increased by 6.6% in value and 2.7% in volume. Total receipts of bars increased by 1.5% in value and 0.7% in volume. As for miscellaneous eating and drinking places, total receipts increased by 5.2% in value and 1.8% in volume.

To facilitate better understanding of the short-term business performance of the restaurants sector, statistics in respect of the restaurant receipts and purchases in individual months of the reference quarter are also compiled.

Analysed by month, it was provisionally estimated that the value of total receipts of the restaurants sector increased by 3.8%, 4.0% and 4.6% respectively in October, November and December 2016, compared with the corresponding months in 2015.

After discounting the effect of price changes, it was provisionally estimated that total restaurant receipts increased by 0.6%, 1.1% and 1.7% in volume respectively in October, November and December 2016, compared with the corresponding months in 2015.

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