Economic News
Datassential Offers Sneak Peek at 2024
The industry continues to stabilize while operators tackle rising costs and labor and supply shortages.
MAFSI Barometer: Sales Growth Continues To Slow
Reduced demand and higher prices will likely lead to even slower growth ahead.
Pros, Cons of Q1, By Way of MAFSI’s New Barometer
Manufacturers are reporting a ‘sharp’ decline in lead times, but quarterly sales also dipped below expectations.
Restaurant Sales ‘Modestly Higher’ in May
The National Restaurant Association reports sales were up 0.4% from April.
Maine, Alaska Expected to See Largest Job Growth Rates This Summer
Nationally, eating and drinking establishments are projected to add 27,000 more seasonal jobs than in 2019 (the last time such data was recorded).
Customers Are Bringin’ Home the Bacon
Recent metrics show that “total restaurant traffic at the morning meal, breakfast and a.m. snack, has fully recovered from pandemic losses."
MAFSI Denotes ‘Positive Signs’ in Q4 Barometer
MAFSI closed the books on 2022 and set expectations for Q1 of 2023 with the release of its latest Business Barometer on March 15. Overall sales—comprising equipment, supply, tabletop and furniture—were up 8.7% in Q4 2022, compared to a year prior, but down .3% from the previous quarter. “While still above the forecast of 8%,…
Restaurant Sales Expected To Rise in 2023
The 2023 State of the Industry report by the National Restaurant Association forecasts sales of $997 billion.
Restaurant Sales Fall but Consumers Still Interested
Consumer spending trended lower as 2022 wrapped up, “flashing a potential warning sign for diminished consumer activity in the months ahead,” according to research posted Jan. 18 from the National Restaurant Association.
5 Takeaways From the National Restaurant Association’s Recent Operator Poll
The association took operators' temperatures on labor challenges, price increases, supply chain challenges and more.
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