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March 25, 2024FOOD SERVICES AND DRINKING PLACES, JANUARY 2024 Monthly (January 2024 vs December 2023, seasonally adjusted)
Nova Scotia food services and drinking places receipts increased 2.3% to $188.3 million - the largest percentage gain among provinces. Canada's food services and drinking places receipts decreased by 1.9% from December to January, falling to $7.89 billion. Seven of ten provinces reported monthly decreases in receipts for food services and drinking places led by British Columbia.
Year-over-year (January 2024 vs January 2023)
Nova Scotia food services and drinking places receipts increased 1.6% year-over-year in January. Canada's food services and drinking places receipts increased 1.0% with year-over-year gains in all provinces except Québec and British Columbia. Alberta and New Brunswick reported the fastest percentage gains in year-over-year food service receipts.
Nova Scotia's year-over-year gains in food service receipts are attributable to the increases in limited service eating places as well as full-service restaurants. Nova Scotia food service receipts were down year-over-year for drinking places as well as for specialty food services such as mobile and catering.
Trends
Nova Scotia's food service receipts exhibit more volatility than national food service receipts, but have generally followed national trends. After trending down in early 2023, food service receipts have risen through the latter part of the year.
Source: Statistics Canada. Table 21-10-0019-01 Monthly survey of food services and drinking places (x 1,000)
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