Economic News
November 20, 2023
MAFSI Barometer: Q3 Misses Expectations
MAFSI’s Q3 Foodservice Business Barometer shows overall sales growth for the quarter missed forecasts of 3.5%, instead dropping to 2%.
October 9, 2023
Chicago Eliminates Tipped Minimum Wage
On the heels of the motion, the National Restaurant Association sheds light on the impact seen in Washington, D.C.
September 19, 2023
Datassential Offers Sneak Peek at 2024
The industry continues to stabilize while operators tackle rising costs and labor and supply shortages.
September 12, 2023
MAFSI Barometer: Sales Growth Continues To Slow
Reduced demand and higher prices will likely lead to even slower growth ahead.
July 10, 2023
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.
June 20, 2023
Restaurant Sales ‘Modestly Higher’ in May
The National Restaurant Association reports sales were up 0.4% from April.
May 30, 2023
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).
April 18, 2023
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.”
March 16, 2023
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%,…
February 28, 2023
Restaurant Sales Expected To Rise in 2023
The 2023 State of the Industry report by the National Restaurant Association forecasts sales of $997 billion.
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