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The value of total receipts of the restaurants sector was $22.3 billion in the third quarter of 2011, up by 6.2% over the third quarter of 2010. Over the same period, the value of total purchases by restaurants increased by 9.7% to $8.0 billion.
After discounting the effect of price changes, total restaurant receipts rose by 0.5% in volume in the third quarter of 2011 as compared to a year earlier. The relevant components of the Consumer Price Index are used as deflators.
These are the provisional figures on restaurant receipts and purchases released today (November 1) by the Census and Statistics Department (C&SD).
Analysed by type of restaurant, total receipts of miscellaneous eating and drinking places increased by 8.1% in value and 0.6% in volume in the third quarter of 2011 as compared to a year earlier.
Over the same period, total receipts of bars increased by 7.4% in value and 3.3% in volume, while total receipts of Chinese restaurants increased by 7.3% in value and 1.5% in volume.
Total receipts of fast food shops increased by 6.9% in value and 1.7% in volume in the third quarter of 2011 as compared to a year earlier. As for non-Chinese restaurants, total receipts increased by 3.5% in value but decreased by 2.3% in volume.
On a seasonally adjusted quarter-to-quarter comparison, the volume of total restaurant receipts increased by 0.8% in the third quarter of 2011 as compared to the second quarter of 2011.
Comparing the first three quarters of 2011 with the same period in 2010, total restaurant receipts increased by 6.0% in value and 1.0% 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, the value of total receipts of the restaurants sector was provisionally estimated at $7.6 billion, $7.4 billion and $7.3 billion respectively in July, August and September 2011. The provisional value of total purchases by restaurants was the same in July, August and September 2011, at $2.7 billion each month.
After discounting the effect of price changes, total restaurant receipts increased by 2.3% in volume in July 2011 but decreased by 0.5% and 0.3% respectively in August and September 2011 as compared to a year earlier.
Table 1 presents the revised figures of total purchases by the restaurants sector and restaurant receipts by type of restaurant for the second quarter of 2011 as well as the provisional figures for the third quarter of 2011. Detailed figures by month are also presented.
Table 2 presents the revised value indices of restaurant receipts by type of restaurant for the second quarter of 2011 and the provisional indices for the third quarter of 2011, with the average value index of restaurant receipts from October 2009 to September 2010 taken as 100. Detailed figures by month are also presented.
Table 3 presents the revised volume indices of restaurant receipts by type of restaurant for the second quarter of 2011 and the provisional indices for the third quarter of 2011, with the average volume index of restaurant receipts from October 2009 to September 2010 taken as 100. Detailed figures by month are also presented.
Table 4 presents the year-on-year rate of change in total restaurant receipts in volume terms based on the original quarterly series, as well as the quarter-to-quarter rate of change based on the seasonally adjusted series.
The revised figures on restaurant receipts and purchases for the third quarter of 2011 (with breakdown by month) will be released through the website of the C&SD (www.censtatd.gov.hk/hong_kong_statistics/index.jsp) and relevant publications of the Department starting from December 20, 2011.
The classification of restaurants follows the Hong Kong Standard Industrial Classification (HSIC), which is used in various economic surveys for classifying economic units into different industry classes.
More detailed statistics are given in the Report on Quarterly Survey of Restaurant Receipts and Purchases. Users can download this publication free of charge at the website of the C&SD (www.censtatd.gov.hk/products_and_services/products/publications/statistical_report/commerce_and_industry/index.jsp).
Users who have enquiries about the survey results may contact the Distribution Services Statistics Section of the C&SD (Tel: 2123 1040 or E-mail: qsr@censtatd.gov.hk).
Ends/Tuesday, November 1, 2011
Issued at HKT 16:33
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