Economic News

November restuarant sales U.S. Census Bureau 1200x800 1

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.

National Restaurant Association poll 1200x800 1

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 employment gains 1200x800 1

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.

National Restaurant Association Restaurant Performance Index 1200x800 1

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.

Business Dining Index Technomic Dinova 1200x800 1

‘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.

MAFSI Foodservice Business Barometer Report 1200x800 1

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.

Black Box Intelligence 1200x800 1

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.

U.S. Bureau of Labor Statistics Consumer Price Index 1200x800

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.

National Restaurant Association Restaurant Performance Index September 1200x800 1

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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