Restaurant operators in August 2013 continued to report positive spending levels for capital expenditures on commercial appliances/foodservice equipment, expansion, or remodeling, according to the National Restaurant Association. Plans for spending in the next six months, however, were down from their July levels.
The Restaurant Performance Index (RPI) for the restaurant industry overall was above 100 in August 2013, pointing to industry expansion, for the sixth month in a row, according to the National Restaurant Association. This despite a third monthly decrease in the RPI, with restaurant operators reporting a softer outlook on sales and on the economy.
The RPI is a monthly composite index tracking the current state and the outlook for the United States restaurant industry. The index was 100.5 in August 2013, down 0.2% from July's 100.7.
"The August decline in the RPI was due almost entirely to a dip in the expectations indicators, with restaurant operators becoming less bullish about sales growth and the economy in the months ahead," said Hudson Riehle, senior vice president of the Research and Knowledge Group for the Association. "In contrast, operators reported positive same-store sales and customer traffic levels in August, and a majority of operators reported capital expenditures for the fourth consecutive month."
to Daily News