Economic News
October 26, 2021
Restaurant Job Growth Stalls After Increasing Most of the Year
For the first seven months of the year, the restaurant industry saw gains of nearly 200,000 jobs a month, but that growth appears to have leveled off in August and September.
October 13, 2021
Restaurant Sales and Traffic Fall to Three-Month Low
According to Black Box, sales growth for all segments except for fine dining “deteriorated” during the last two weeks of September compared with the first three weeks of the month.
October 13, 2021
Biden Administration Announces Ports, Goods Carriers Are Moving to 24/7 Hours
Just weeks after NAFEM and three other major manufacturers called on the federal government to address worsening supply chain challenges, it appears steps are being taken.
October 7, 2021
Demand for Outdoor Dining Last Month Was on Par With Demand in September 2020
Customers wanted to dine outside this past September almost as much as they wanted to in September 2020, according to a new survey from the National Restaurant Association that polled 4,000 operators.
October 1, 2021
TIndex Shows Softening of Foodservice Industry Growth
August’s TIndex showed decelerated growth in the restaurant industry, in part due to the delta variant, according to Technomic.
September 29, 2021
Black Box Says Check Growth Rates Have Hit a New Record
In the last two weeks, the two-year check growth rates were the highest ever recorded.
September 23, 2021
Supply Chain Issues Are Escalating for Foodservice E&S Manufacturers
A recent member study by the North American Association of Food Equipment Manufacturers shows supply chain issues aren’t letting up for U.S. foodservice E&S manufacturers.
September 22, 2021
Tourism-Related Restaurant Sales Fall Short This Summer
For most restaurant operators, their tourism-related sales this summer remained lower than pre-pandemic levels.
September 15, 2021
Black Box’s Weekly Performance Pulse Says Restaurant Sales Had Strongest Results Since July
Black Box Financial Intelligence’s latest Restaurant Industry Performance Pulse shows the week ending Sept. 5 was the strongest week for restaurant sales since July, but growth remains negative.
September 7, 2021
MAFSI Business Barometer Shows Strong Q2 Sales
According to the barometer, sales in the second quarter of 2021 climbed 19.1% over the second quarter of 2020, a jump from the projected increase of 16.1%.
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