Economic News
June 30, 2022
Technomic Adjusts Sales Forecast, Checks on Trends in Midyear Update
In the research firm’s new 2022 Midyear Update, Technomic adjusts its outlook to predict the restaurant and bar industry will grow 6.1% on a nominal basis.Â
June 28, 2022
Business Dining Inches Toward Full Recovery
A report from Dinova and Technomic predicts that the Business Dining Index could hit 96 by the end of the year. Â
June 23, 2022
Restaurants Are Returning to Pre-Covid Levels or Better But Can’t Meet Demand, Says Study
Over half of operators say they don’t have enough staff to handle summer business, and one-third currently aren’t operating at full capacity. Â
June 17, 2022
MAFSI Reports ‘Strong’ But Softening Q1 Sales
First-quarter sales were just shy of the forecast gain of 16.8% at 15.2%, according to MAFSI’s latest business barometer.
June 16, 2022
Restaurant Traffic Hits New Low, But Sales Trend Higher
The industry had its second-lowest traffic growth rate this year for the week ending June 5, but sales still continue to trend upward.
June 2, 2022
5 Ways To Help Dealers Amid Market Challenges
Singer Equipment Co. offers operators tips on how they can partner with dealerships to mitigate market challenges. Hint: Expect the unexpected.
June 2, 2022
Sales Growth Streak Continues for Restaurants Despite Traffic Losses
For the last 11 consecutive weeks, restaurant traffic has declined, but restaurants are managing to hold on to positive sales growth year over year.
May 31, 2022
April Foodservice Sales Surpass 2019 Levels
Foodservice industry sales are exceeding pre-pandemic levels for the first time since last summer.
May 25, 2022
Incentivizing Teens, Young Adults Could Be Key To Staffing Restaurants This Summer
Slight increases in workforce participation rates for 16- to 24-year-olds would significantly add to the labor pool.
May 18, 2022
Middle-Income Consumers Ordering From Restaurants Less
Ever-rising food away from home prices and record inflation may be to blame for more consumers cutting back on ordering from restaurants.
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