Economic News
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.
Restaurant Spending Increases for Fourth Consecutive Month
In November, Eating and drinking places registered total sales of $90.4 billion on a seasonally adjusted basis, up from $89.6 billion in October, according to preliminary data from the U.S. Census Bureau.
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.
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.
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 Foodservice Industry
Continued menu price inflation, a changing B&I industry and recession probability top forecasters’ 2023 watchlists.
‘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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