by Calculated Risk on 9/30/2009 02:11:00 PM
Wednesday, September 30, 2009
Note: Any reading below 100 shows contraction for this index.
From the National Restaurant Association (NRA): Restaurant Performance Index Declined in August as Same-Store Sales and Customer Traffic Slipped
Restaurant industry performance softened in August, as the National Restaurant Association’s comprehensive index of restaurant activity posted a modest decline. The Association’s Restaurant Performance Index (RPI) – a monthly composite index that tracks the health of and outlook for the U.S. restaurant industry – stood at 97.9 in August, down 0.2 percent from July and its third decline in the last four months.Click on graph for larger image in new window.
The Current Situation Index, which measures current trends in four industry indicators (same-store sales, traffic, labor and capital expenditures), stood at 96.0 in August – down 0.9 percent from July and its sharpest decline in nearly a year. In addition, August represented the 24th consecutive month below 100, which signifies contraction in the current situation indicators.
The sharp decline in Current Situation Index was the result of deteriorating sales and traffic levels in August.
Unfortunately the data for this index only goes back to 2002.
The restaurant business is still contracting ...
No Green Shoots for you!
Posted by Calculated Risk on 9/30/2009 02:11:00 PM