Restaurants and Cafes strongest in retail growth

Restaurants and Cafes strongest in retail growth

Recently released data from the Australian Bureau of Statistics shows that restaurant, cafe and catering services are enjoying impressive growth, up 10.6 percent in the year leading up to November 2013.

John Hart, CEO of Restaurant and Catering Australia, said this is a very positive result for the industry.

“Restaurants, cafes and catering services are the star performer of all retail growth, with a 4.6 percent increase in all retail sales between November 2012 and November 2013,” he said.

In November 2013 full service dining accounted for 60 percent of the total cafe, restaurant and take-away food category, a reversal from 1998, when take-away represented the majority of the category.

In terms of state by state growth, New South Wales achieved growth of 15 percent, while Queensland notched up 21 percent growth. Victoria, Tasmania, the ACT and the Northern Territory all recorded growth of between five and 10 percent, compared to 2012.

An all-time record of $1.9b was achieved in the month of November, 2013, with New South Wales contributing $626m.

“Despite these record performances and the strength returning to consumer sentiment - the fundamentals of the business are still in crisis,” Hart said. “Businesses are still closing their doors either for good or on Sundays and/or public holidays because of the dangerously high cost of labour.”

For the original article from GoHospitality click here.