Economic News
January 12, 2022
Biggest Impact From Omicron Expected To Be on Staffing
Fitch Ratings expects the omicron variant to impact labor above all as the industry continues to grapple with staffing challenges.
January 12, 2022
December Restaurant Sales Surpass 2019 Levels
While December sales eclipsed 2019 levels, the month saw a steep decline in traffic and the biggest average check growth rate in over a decade.
January 6, 2022
MAFSI Barometer Shows ‘Continued Strong Recovery’ in Q3
MAFSI’s latest “Foodservice Business Barometer Report” indicates the industry is continuing to improve, as third-quarter sales rose 15.4% compared to the third quarter of 2020 when sales fell 24.4%.
January 5, 2022
Foodservice Had the Highest Quit Rate in November But Managed To Net Employees
Nearly 7% of accommodation and foodservice workers—or 920,000—quit their jobs in November, far surpassing any other industry, according to the Bureau of Labor Statistics.
January 5, 2022
FEDA Urges Congress To End Build Back Better Effort
FEDA joined other trade groups in signing a letter urging congressional leaders to end efforts to pass the multi-trillion-dollar Build Back Better package and instead focus on addressing inflation, labor shortages and supply chain constraints.
December 28, 2021
Study Says More Diners Are Willing To Eat Out Despite Heightened Omicron Concern
While heightened concern for the omicron variant is adding new requirements for dine-in restaurant customers in certain areas, consumers overall may not be as nervous about dining in as they once were, according to a recent study by Datassential.
December 27, 2021
Breakfast, Lunch Business Picks Up As More Return to School, Work, Activities
The NPD Group says traffic is picking up for breakfast, morning snack and lunch dayparts as more people are leaving their homes for school, work and activities.
December 21, 2021
Foodservice Industry Performance Dips Again Slightly, Says Technomic
The foodservice industry has seen two months of deceleration, according to the consumer trends and research company Technomic.
December 16, 2021
Technomic Makes Big-Picture Predictions for 2022
The global research firm forecasts industry recovery will continue in 2022, while operators will get more innovative than ever.
December 15, 2021
Restaurant Sales Are Off to a Strong December Start, Says Black Box
The first week of December posted stronger sales growth than the monthly sales growth reported for August, September and October—though it was 2 percentage points lower than the strongest week in November.
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