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January 5, 2015
Consumer Confidence Rebounds, Wholesale Food Prices Sag, And Other News Of Note
Among other economic news of significance to foodservice and foodservice equipment and supplies: Both major indexes of consumer confidence and expectations recovered sharply in December from the declines prompted by the federal-government shutdown and debt-ceiling fight. The Thomson Reuters/University of Michigan Consumer Sentiment Index jumped nearly 10% in the final December reading, rising to 82.5…
January 5, 2015
Consumer Confidence Holds Up, But Analysts Worry About Brutal Winter
The January and mid-February readings on consumer confidence from Thomson Reuters/University of Michigan and The Conference Board indicated that consumers remain reasonably optimistic about the economy and their financial prospects. But many analysts, including Richard Curtin, the UM Surveys of Consumers chief economist, are worried about the negative impact on consumers’ finances of the brutal…
January 5, 2015
Consumer Confidence Holds Up In Spite Of Tough Winter
With the hit to the economy from the severe winter, many economists feared American consumers would pull back their spending this year. But judging by the latest numbers on consumer confidence, the decline in growth in the first quarter hasn’t affected consumer attitudes much at all. “Consumers are ready to celebrate a delayed spring with…
January 5, 2015
Retail Food Prices Surged In May, But Wholesale Prices Took A Breather
The strong run-up in wholesale food prices since the first of the year paused in May, while the surge in retail food prices, especially at supermarkets, continued, according to the latest data on wholesale and consumer prices from the Bureau of Labor Statistics, released last week. Wholesale food prices at all three levels of demand…
January 5, 2015
NRA’s Performance Index Falls In June
Traffic counts remain the problem for restaurant operators in the U.S., as the National Restaurant Association’s Restaurant Performance Index fell in June. Surveyed operators were also a bit less optimistic about the next six months in the June survey, as all four Expectation components fell. In fact, the only component that held steady was that…
January 5, 2015
Wholesale Food Prices Dip Again In September
After posting strong gains in six of the first seven months of 2014, food prices at the wholesale level fell 0.3% in September, according to the U.S. Bureau of Labor Statistics and the National Restaurant Association. The drop follows a modest 0.1% dip in August. But thanks to the increases earlier this year, wholesale food…
January 5, 2015
California Shows Its Hand On New Food-Handling Law
California is taking it slow on the state’s new law banning bare-hand contact with prepared food. At the urging of the California Restaurant Association, the two agencies in charge of enforcing the new law (the California Department of Public Health and the California Conference of Directors of Environmental Health) agreed to implement a six-month “soft”…
January 5, 2015
To Grade Or Not To Grade, That’s Milwaukee’s Question
Milwaukee is weighing whether to become Wisconsin’s first city to institute a restaurant grading system. If the proposed ordinance—which directs the city’s health department to set up a grading system—passes, Milwaukee would join several other major cities and states that have embraced posting inspection grades despite strong opposition from the restaurant industry. Much is up…
January 5, 2015
Florida Revamps Inspections
New guidelines for restaurant inspections have been issued by the Florida state agency that checks up on restaurants and food trucks. The rules from the Florida Department of Business and Professional Regulation went into effect July 1 and are designed to make the inspection process more efficient by categorizing foodservice establishments into four sets of “risk…
January 5, 2015
Chicago Tries Twitter To Monitor Foodborne Illnesses
Tweets are the newest way to monitor foodborne illness and restaurants in need of health inspections in the city of Chicago. The Chicago Department of Public Health is using Twitter to monitor the city for restaurants that may be in need of health inspections. The department’s dedicated Twitter bot, twitter.com/foodbornechi, and an online complaint form,…
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