Restaurant Sales Hold Steady in June, Job Growth Slows
The National Restaurant Association reported sales at eating and drinking places reached $88.9 million on a seasonally adjusted basis in June, per preliminary data from the U.S. Census Bureau. This total is on par with the month prior.
The Association said the “plateauing” of restaurant sales mimicked the entire retail landscape as spending in non-restaurant retail sectors jumped by 0.2%. The Wall Street Journal noted that overall retail spending indicates that consumers are keeping up with inflation but have yet to outpace it...
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