by Bill McBride on 2/29/2016 02:27:00 PM
Monday, February 29, 2016
Here is a minor indicator I follow from the National Restaurant Association: Restaurant Performance Index Bounced Back Above 100 in January
Although same-store sales and customer traffic indicators remained mixed, the National Restaurant Association’s Restaurant Performance Index (RPI) bounced back above 100 in January. The RPI stood at 100.6 in January, up 0.8 percent from December’s level of 99.7. The January gain pushed the RPI above the 100 level, which signifies expansion in the index of key industry indicators.Click on graph for larger image.
“Despite an uptick in the RPI in the first month of the year, restaurant operators still report mixed results about their business environment,” said Hudson Riehle, senior vice president of research for the National Restaurant Association. “Except for the capital expenditures arena, the current situation indicators remain dampened. However, operators are somewhat more optimistic regarding higher sales in six months.”
The index increased to 100.6 in January, up from 99.7 in December. (above 100 indicates expansion).
Restaurant spending is discretionary, so even though this is "D-list" data, I like to check it every month.
Posted by Bill McBride on 2/29/2016 02:27:00 PM