Restaurant operators increased their capital spending on commercial appliances and equipment, expansion or remodeling, in March 2013, according to National Restaurant Association data. In March 51% of operators said they made a capital expenditure in the previous three months, up from 48% who said so in the February report.
Most restaurant operators--55%--also plan for more capital spending in the coming months. This is slightly down from 57% in the February's report.
The Restaurant Performance Index (RPI) from the restaurant association is a monthly composite index tracking the U.S. restaurant industry. The RPI was 100.6 in March 2013, up 0.7% from 99.9 in February 2013.
"The Restaurant Performance Index gain was driven by stronger same-store sales results in March, with comparisons aided by the Easter holiday occurring during the month," said Hudson Riehle, senior vice president of the Research and Knowledge Group for the association. "In addition, restaurant operators are somewhat more confident in the economy and a majority plan to make a capital expenditure in the next six months."
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