Restaurant operators continued to maintain steady levels of capital spending in October 2011, with an October Restaurant Performance Index (RPI) of 100.0 essentially unchanged from September’s 100.1, according to the National Restaurant Association. The RPI is a monthly composite index that tracks the health of and outlook for the U.S. restaurant industry.
44% of operators said they made a capital expenditure for equipment, expansion or remodeling during the last three months, essentially unchanged from their reporting in the previous three months.
Restaurant operators’ outlook for capital spending rose for the third month, with 49% of operators planning to make a capital expenditure for equipment, expansion or remodeling in the next six months - the highest level in four months.
October’s steady RPI level resulted from softer sales and customer traffic offset by a more optimistic outlook among restaurant operators.
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