Economic News

Canada coffee The NPD Group 1200x800 1

Coffee Orders Rebound in Canada but Remain Down From Pre-Pandemic Levels

Restaurant coffee orders were up 13% for the year ending July 2022 but were still down 15% from three years ago.

First Insight The State of Consumer Spending 1200x800 1

Dining Out Tops List of Where Consumers Worldwide Are Cutting Back Spending

A new report by First Insight surveys consumers in France, Germany, Italy, Spain, the U.K. and the U.S. to measure the effects of the “cost of living crisis” on spending.

Business dining index Dinova technomic 1200x800 1

Business Dining Improves in Q2, Though Inflation Could Delay Full Recovery   

Dinova and Technomic predict the business dining index will reach 89 in Q3 but may stall in Q4 as economic conditions present challenges.

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MAFSI Barometer Shows Q2 Sales Exceed Forecast Gain

Sales for the second quarter increased 14.3%, while MAFSI says the industry continues to normalize.

Black Box Intelligence August 1200x800 1

Consumer Confidence, Higher Menu Prices Drive August Sales Growth

Same-store sales growth for the month was 5.3%, a “significant” increase of 4.6 percentage points over July’s growth rate, says Black Box Intelligence.

Inflation Restaurant Menu Price Increases 1200x800 1

Are Price Hikes Impacting Restaurant Consumers?

New reports explore inflation’s impact on consumers and offer operators tips to prevent losing out.

U.S.Bureau of Labor Statistics Consumer Price Index full service meals 1200x800 1

Continued Rising Food Costs Contribute to Inflation Increasing 0.1% in August

Full-service meal prices are up 9%, and limited-service meal prices are up 7.2% year-over-year.

FEA Outlook Q2 2022 1200x800 1

FEA Outlook Survey Shows Optimism, Though Same Economic Concerns Persist

Of those surveyed, 83% anticipate business growth of at least 5% over the next year.

Restaurant Performance Index National Restaurant Association 1200x800 1

July RPI Falls for Second Consecutive Month

The National Restaurant Association’s Restaurant Performance Index, which tracks the health of the U.S. restaurant industry, took a dip in July, falling 0.5% to 100.8.

Restaurant sales fall amid inflation 1200x800 1

Inflation-Adjusted Restaurant Sales Declined in July

While nominal restaurant spending increased for the sixth consecutive month in July, inflation-adjusted sales told a different story.

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