April Restaurants Sales Hit Lowest Point in 35 Years
According to the National Restaurant Association, consumer spending at eating and drinking establishments was at its lowest level since October 1984, when adjusted for inflation.
In the month of April, sales at eating and drinking establishments reached $32.4 billion, on a seasonally-adjusted basis according to data from the U.S. Census Bureau. In January, sales were more than double April’s mark at $65.4 billion.
April sales were the smallest in volume since March 2005, but when adjusting for inflation it was the lowest mark in 35 years...
To Read Full Story Login Below.
Submit comment or question
Note: All comments are displayed with user's screen name. If screen name is not present, user's full name will be used. Please go to My Account to update your screen name.
Comment Policy: Urner Barry has made the comment feature available to encourage further discussion of our news stories. Defamatory or offensive comments, or comments deemed not relevant to the story will be removed, and if necessary, Urner Barry may restrict the right of individual subscribers to offer comments. In all cases, comments represent opinions of the poster only, and do not represent fact, news, opinions or estimates put forward by Urner Barry.
Email Address is required.
Password is required.