Economic News

Restaurant industry employment gains 1200x800 1
December 2, 2022

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
December 1, 2022

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
December 1, 2022

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
November 30, 2022

‘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
November 28, 2022

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
November 22, 2022

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
November 11, 2022

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
November 9, 2022

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.

Black Box Intelligence 1200x800 1
October 31, 2022

How Restaurants Performed in September

The decline in guest count continues to be the industry’s biggest challenge, says Black Box Intelligence.

Technomic 2023 Trend Predictions 1200x800 1
October 27, 2022

4 Trend Predictions for 2023

A return to on-premise dining and employees’ calls for better working conditions are among trend predictions for 2023.

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