Foodservice Equipment Reports Fortnightly

Welcome to FER Fortnightly Online Newsletter
June 14, 2005

Regulatory Report:
Sponsored by:
APW Wyott Innovations

Maine Restaurants Can Shop For Electricity Rates
51st W.Va. County Goes Smokeless While Another Battles On
New Jersey Schools Ponder Snack Attack
British Medicos Push Knife Ban, Say Points Are The Point
Toast May Get Cancer Warning Label In California

Industry Report:
Sponsored by:
Kolpak/Manitowoc Foodservice Group

Four Big Postings At Enodis
LED Study Sheds Light On Energy Savings
NRA Association Announces Hennessy Winners
IH/M&RS Calls For Gold Key Entries
Commercial Expands In Florida
Don Opens New Texas Facility

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In This Section:
Blue Chip Economists Hold Forecasts Steady
NRA's Restaurant Performance Index Edges Higher In April
Caterer Charts U.K. Equipment Market Up 4% In 2004

This issue's Regulatory ReportSponsor: APW Wyott Innovations Industry ReportSponsor: Kolpak/Manitowoc Foodservice Group

Economic Report Road to Anaheim

Blue Chip Economists Hold Forecasts Steady
After revising forecasts for growth in the U.S. economy sharply down last month, economists surveyed for Blue Chip Economic Indicator newsletter in early June held their forecasts essentially steady. Though both the calendar year and fourth quarter-over-fourth quarter forecasts of real growth in gross domestic product rose 0.1 points compared to last month's forecasts, Blue Chip Executive Editor Randall Moore characterized the changes as "tweaking."

Reports of stronger growth in April have been offset by preliminary reports of a downturn in such indicators as retail sales and employment growth in May. The consensus forecasts call for real GDP growth of 3.2% in the second quarter and 3.3% for both the third and fourth quarters.

Despite the slowing of growth in the U.S. economy, the consensus of economists expects the Federal Reserve's Open Market Committee to raise interest rates another quarter point in its meeting in late June.


Section sponsored by Road to Anaheim

NRA's Restaurant Performance Index Edges Higher In April
The Restaurant Performance Index fielded by the National Restaurant Association showed a small gain of 0.1 point in April, as current improvements in customer traffic and sales offset a slight decline in the Expectations Index. The Current Situations Index rose 0.3 points while the Expectations Index, with all four of its components flat or negative, was off 0.2 points.

The customer traffic indicator, part of the Current Situations Index, rose 0.7 points in April. Sales-store sales were up 0.1 point.

In the Expectations Index, the indicator for future business conditions was off half a point; that for staffing was down 0.3 points.

The capital expenditures indicator in the Current Situation Index rose 0.3 points reflecting activity during the past three months. Expected capital expenditures during the next six months were flat.

While the overall Performance Index essentially has held steady during the past three months at 102.1 or 102.2, those scores signify continued growth. Scores above 100 signal growth; below 100, contraction. The Expectations Index at 103.0 also bodes well for continued growth.

Section sponsored by Road to Anaheim

Caterer Charts U.K. Equipment Market Up 4% In 2004
A study of the catering equipment market in the United Kingdom estimates the market grew nearly 4% in 2004 to £609 million. A "Research & Markets Report" by Caterer & Hotelkeeper magazine, as reported in Catersearch Newswire, the group's email newsletter, says strong growth in the second half of `04 made up for a slow start. But as in the U.S., big increases in materials costs undercut profitability.

For more information on the study e-mail or call 1-44-20-8652-4649.

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