Economic Indicators for Foodservice
-- Foodservice Equipment & Supplies, 1/20/2010 8:07:00 PM
From the NRA’s RPI Index to Consumer Confidence and many points in between, FE&S provides a brief overview of five key economic indicators that impact the foodservice industry.
The Department of Commerce released its advanced figures for retail and foodservice sales for November 2009. Combined seasonally adjusted sales totaled $352.1 billion, an increase of 1.3 percent vs. the prior month.
The National Restaurant Association's Restaurant Performance Index, or RPI, Fell by 0.2 points in November and now stands at 97.8. Based on a survey of foodservice operators, the index measures the health of the restaurant industry by gauging eight industry indicators that are divided into two main sections: the Current Situation Index and the Expectations Index. An RPI reading of less than 100 indicates overall contraction in these indicators.
The Conference Board's Consumer Confidence Index increased by 2.3 points in December and now stands at 52.9.The Index is based on a representative survey of 5,000 domestic households. It has two main sections: the Present Situation Index and the Expectations Index.
Thee Department of Labor announced that it received 432,000 initial claims for unemployment insurance during the week that closed on December 26. That figure represents a decline of 22,000 from the previous week and pushes the four-week moving average for initial claims down by 5,500 to 460,250.
The Institute for Supply Management announced that its Purchasing Managers' Index, or PMI, gained 2.3 points in December, and now stands at 55.9. A PMI reading of more than 50 indicates overall growth in the country's manufacturing sector, while less than 50 signals contraction.
Consumer Confidence Moves Up
11/30/2008Economic Outlook - September 2009
09/16/2009RPI Starts Year Slowly
02/28/2007Consumer Confidence Inches Up in July
08/06/2008Economic Outlook, November 2005
10/31/2005
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