Restaurant, food service industry has lost nearly $120B due to pandemic

  • 📰 ABC
  • ⏱ Reading Time:
  • 45 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 51%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

The food and restaurant industry has been hit hard by the coronavirus pandemic, with a new survey reporting nearly $120 billion in lost sales.

According to a

Eateries and bars registered $38.6 billion in sales on a seasonally-adjusted basis in May, according to preliminary data from the U.S. Census Bureau.People eat dinner at the River House Grille on the Nautical Mile on June 10, 2020 in Freeport, N.Y.Although that figure is nearly $9 billion more than reported in April, it was down $27 billion from previous sales levels in January and February, before the COVID-19 outbreak in the U.S.April's sales volume of $29.

Christy Schlesinger, right, picks up a carryout dinner order in the Georgetown neighborhood of Washington, D.C., May 29, 2020, as the District of Columbia loosens restrictions on restaurants that have been in place since March 25 because of the pandemic."In recent years, May was typically the top sales month for restaurants, based on the unadjusted data," a National Restaurant Association official said.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 471. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Its going to be a lot more after people stop going to some of these fast food restaurants.

This is inevitable. People need groceries, not expensive salty and sugary foods.

likes this as long as they get big fat paychecks

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Oscars delayed to April due to movie industry coronavirus chaosThe 2021 Oscars ceremony was moved to April from February on Monday due to the havoc caused in the movie industry by the coronavirus pandemic. How do we go about canceling it permanently. 🤔 Iā€™m crushed. Guess what? No one cares. At all. Hollywood is dead.
Source: Reuters - 🏆 2. / 97 Read more »

NYSE to reopen trading floor to some market makers on WednesdayThe New York Stock Exchange will allow a limited number of market makers to return to its trading floor on Wednesday, nearly three months after closing it due to the coronavirus pandemic. 123,045 Creadores de Mercado?.....
Source: Reuters - 🏆 2. / 97 Read more »