Restaurant Performance Index Edged Lower in May
As a result of a somewhat dampened outlook among restaurant operators for business conditions in the months ahead, the National Restaurant Association’s Restaurant Performance Index (RPI) posted a modest decline in May. The RPI – a monthly composite index that tracks the health of and outlook for the U.S. restaurant industry – stood at 101.2 in May, down slightly from April’s level of 101.3.
The RPI’s current situation indicators continued along the trend established in recent months, with positive same-store sales being offset by a decline in customer traffic levels. Meanwhile, restaurant operators are somewhat less optimistic about sales growth in the months ahead, while their outlook for the overall economy was downgraded to its weakest level in nearly a year...
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