Restaurant Index Expands in Feb. for 4th Month
The Expectations Index, which measures operators’ six month outlook for four industry indicators (same-store sales, employees, capital expenditures and business conditions), stood at 102.0 in February – essentially unchanged from January (see chart above). February marked the sixth consecutive month that the Expectations Index stood above 100, which represents an optimistic outlook among restaurant operators for business conditions in the months ahead."
Update: Sales for "Food Services and Drinking Places" were up by 8.2% in February from a year earlier, following a 9.3% increase in January. Sales at "Full Service Restaurants" were up by 11% in January. The restaurant industry has made a full recovery from the recession and is now operating back at pre-recession levels.