Economic News

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Survey: 3 in 4 Consumers To Patronize Restaurants During Holiday Season  

A new National Restaurant Association poll finds that 77% of consumers plan to order takeout or go out to eat over the next few weeks.

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Restaurant Industry Posts Solid Employment Gains in November

The restaurant industry continues to build its workforce at a slow but steady pace, with November marking the 23rd consecutive month of employment growth.

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Restaurant Performance Index Rises 0.8% in October

The increase comes as operators reported their strongest same-store sales performance since June, and customer traffic readings improved slightly.

2023 State of the Industry Head

2023 State of the Foodservice Industry

Continued menu price inflation, a changing B&I industry and recession probability top forecasters’ 2023 watchlists.

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‘Inflation-Resistant’ Business Dining Segment Continues To Gain Ground

The Business Dining Index rose to 88 in Q3, with Dinova and Technomic predicting an index of 92 in Q4.

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Foodservice E&S Sales Fall Short of Q3 Expectations

Sales were up 9% in the quarter, missing the forecast gain of 11.5%, according to MAFSI’s Business Barometer.

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Full-Service Restaurants Reel in More Back-of-House Staff

At the end of Q3, full-service restaurants averaged three more back-of-house employees per location compared to June, according to Black Box Intelligence.

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Food Away From Home Index Rises 0.9% in October

The U.S. Bureau of Labor Statistics released its latest Consumer Price Index, showing food away from home prices rose 0.9% for the third consecutive month.

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Nearly Two-Thirds of Operators Planning Capital Expenditures

According to the National Restaurant Association’s latest RPI, 63% of operators are planning for equipment purchases, expansion or remodeling during the next six months.

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How Restaurants Performed in September

The decline in guest count continues to be the industry’s biggest challenge, says Black Box Intelligence.

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