Boom time for Swedish fast food restaurants
TT/Claudia Rodas - [email protected]
Published: 20 Aug, 2008 CET.
Updated: Wed 20 Aug 2008 10:35 CET
Sweden's cafes and fast food restaurants have increased their turnover by almost eight percent during the year's first quarter compared to the same period last year, according to figures from the Swedish Retail Institute (Handelns Utredningsinstitut - HUI).
Cafés' turnover rose by six percent. Although Swedes are eating more food on the go, cafes and restaurants dependent on automobile traffic made a turnover loss of two percent.
HUI's report into spending habits also claims that Swedes' "growing concern for the country's economic developement in connection with rising prices and interest rates has forced households to keep an eye on their spending. Growth is still positive though and the prognosis is positive".
HUI also noted that sales in gaming and tobacco shops rose by 2.5 percent.
Comments
See Also
Cafés' turnover rose by six percent. Although Swedes are eating more food on the go, cafes and restaurants dependent on automobile traffic made a turnover loss of two percent.
HUI's report into spending habits also claims that Swedes' "growing concern for the country's economic developement in connection with rising prices and interest rates has forced households to keep an eye on their spending. Growth is still positive though and the prognosis is positive".
HUI also noted that sales in gaming and tobacco shops rose by 2.5 percent.
Join the conversation in our comments section below. Share your own views and experience and if you have a question or suggestion for our journalists then email us at [email protected].
Please keep comments civil, constructive and on topic – and make sure to read our terms of use before getting involved.
Please log in here to leave a comment.