Economic News
October 13, 2022
4 Takeaways From Black Box’s Q3 Report
While large check growth helped restaurant sales in the third quarter, it negatively impacted traffic, according to Black Box Intelligence’s Q3 report.
October 7, 2022
Restaurant Job Growth Picks Up in September
The industry added 60,000 jobs last month but remains 4.5% below pre-pandemic staffing levels.
September 23, 2022
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.
September 22, 2022
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.
September 22, 2022
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.
September 19, 2022
MAFSI Barometer Shows Q2 Sales Exceed Forecast Gain
Sales for the second quarter increased 14.3%, while MAFSI says the industry continues to normalize.
September 19, 2022
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.
September 16, 2022
Are Price Hikes Impacting Restaurant Consumers?
New reports explore inflation’s impact on consumers and offer operators tips to prevent losing out.
September 13, 2022
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.
September 7, 2022
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.
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