WASHINGTON D.C. — The outlook for the restaurant industry improved sharply in October, according to the National Restaurant Association's comprehensive index of restaurant activity.
According to a news release, the NRA's Restaurant Performance Index — a monthly composite index that tracks the health of and outlook for the U.S. restaurant industry — stood at 101.5 in October, up a strong 1.2 percent from a level of 100.2 in September. October represented the 30th-consecutive month above 100, a level reflecting expansion in the Association's composite index of eight key industry indicators. The index is based on responses to the NRA's Restaurant Industry Tracking Survey, which culls monthly data on sales, traffic, labor and capital expenditure.
In October, most restaurant operators surveyed reported same-store sales increases for the 27th-consecutive month: 49 percent said same-store sales were up; 32 percent said same-store sales declined; and 19 percent said sales were flat.
To view this month's Index report, click here.