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Daily News

Restaurant Performance at 14-Month High
Jul 2, 2013
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Restaurant operators in May 2013 reported an increase in spending on commercial appliances and other capital spending, according to National Restaurant Association. 52% of operators made a capital expenditure for equipment, expansion, or remodeling in the last three months, up from 47% who said so in April 2013.

As of May 2013, 57% of restaurant operators were planning on capital spending for equipment, expansion, or remodeling in the next six months. This is down slightly from 59% who said so in April 2013.

The overall May 2013 Restaurant Performance Index (RPI) for the United States was at 101.8--it's highest point in 14 months, according to the association. The May 2013 RPI was up 0.9% from April and was the third consecutive gain in index. It was also the third month with an index reading above 100, which signifies expansion.

"The May increase in the Restaurant Performance Index was driven by broad-based gains in the current situation indicators, most notably positive same-store sales and customer traffic results," said Hudson Riehle, senior vice president of the Research and Knowledge Group for the National Restaurant Association. "In addition, restaurant operators remain optimistic about continued sales growth and a majority plan to make a capital expenditure in the next six months."

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