Restaurant Performance Index Above 100 for Two Consecutive Months, First Time Since Late 2007
"The outlook for the restaurant industry remained positive in April, as the National Restaurant Association's comprehensive index of restaurant activity was essentially unchanged from its March level. 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 100.4 in April, down slightly from its March level of 100.5. More importantly, the RPI stood above 100 for the second consecutive month, which signifies expansion in the index of key industry indicators."
MP: The Restaurant Performance in April (100.4), like in March (100.5), reached the highest level since the fall of 2007, and stayed above 100 for two consecutive months for the first time since the recession started in December 2007.