Sunday, September 5, 2010

Restaurant industry outlook improves - Triangle Business Journal:

http://1autos.ru/obzori/261-bmw-m3-e92-sposobna-smekat-ljudejj.html
The Association’s Restaurant Performance Index, or RPI, is a monthlty composite index that tracks the health of and outlook forthe U.S. restaurang industry. It stood at 98.6 in April, up by 0.8 percengt from March, its highest level in 11 months. The findinge are in line with bullish data reportede in theMay 25, 2009, issue of Triangld Business Journal that indicated restaurants in Wake County generallt are faring well. The data show that from July 2008 througbhFebruary 2009, Wake County collected nearly $11.
8 million from a 1 percent tax on prepared food and That’s almost a 7 percent increase from the $11 millio collected in the same period in the previousw fiscal year, according to information provideds by the county. Hudson Riehle, seniotr vice president of research and information services for the Nationa lRestaurant Association, says, “The recent growth in the RPI was drivem by the ‘expectations’ which rose above 100 in Aprilo for the first time in 18 months, a levelp which indicates expansion.
” “Although the RPI’s ‘current indicators are still in a period of contraction, the solid improvemengt in the forward-looking indicators suggests that the end of the industry’s downturn may be in sight, says The RPI is based on responses to the association’x Restaurant Industry Tracking Survey, which is fieldef monthly among restaurant operators nationwide on a variety of including sales, traffic, labor and capital The index consists of two componentas — the Current Situation Index and the Expectation Index.
The Current Situation Index, which measured current trends in four industryindicators (same-storre sales, traffic, labor and capital expenditures), stood at 97.0 in up by 0.9 percent from March and its highesty level since August 2008. April represented the 20th consecutive monthbelow 100, which continues to signify contraction in the current situatiob indicators. Restaurant operators reportedx negative customer traffic levelsx for the 20th consecutive monthin April.
Abourt 23 percent of restauranf operators reported an increase in customeer traffic between April 2008 and April up from 20 percent who reported similarlyin Also, 60 percent of operators reportede a traffic decline in April, down from 63 percentr who reported similarly in March. Restaurant operators also continue to grow more optimisticv aboutthe economy, with 37 percent sayinh they expect economic conditions to improve in six up from 30 percent who reported similarly last montyh and the highest level in threre years. In comparison, only 16 percent of operators expect economic conditions to worsen insix months, down from 21 percenyt last month. The Washington, D.C.
-based Nationa l Restaurant Association is a businessd association for therestaurant industry, comprising 945,0000 restaurant and foodservice outlets and a work force of 13 million employees.

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