Citing better-than-expected performance in several foodservice segments, foodservice industry consultants Technomic adjusted its 2010 U.S. foodservice industry nominal growth forecast upward from a decline of 1.6 percent to positive growth of 0.6 percent.
The most significant changes are in the 'commercial' sectors, with full service restaurants, hotels and recreation, in particular, showing better-than-expected improvements," said Joe Pawlak, Technomic vice president, in a news release. "The limited-service restaurant segment is also up slightly over earlier estimates."
Technomic's revised forecast seems to confirm the foodservice industry has hit the bottom and is now beginning to bounce back. "There are definitely signs of improvement, although the recovery will be slow going forward," Pawlak said.