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Restaurant Industry Expanded in January

The National Restaurant Association said operators are optimistic about higher sales in the coming months

By Nick Powills1851 Franchise Publisher
SPONSORED 5:17PM • 03/02/16
Despite a decline in traffic, the restaurant industry experienced growth in January, according to the National Restaurant Association. The Association's Restaurant Performance Index (RPI) jumped to 100.6 in January, up from December’s RPI of 99.7. An RPI over 100 signifies expansion among the National Restaurant Association.

The RPI consist of two factors - the Current Situation Index, which measures current trends, and the Expectations Index, which looks at restaurant operators’ six-month outlook. The Current Situation Index currently sits at 99.7 for January, a 0.3 percent increase from December’s mark.

Hudson Riehle, senior vice president of research for the National Restaurant Association, said although the RPI shows signs of growth for the industry, there is still some ways to go.

“Despite an uptick in the RPI in the first month of the year, restaurant operators still report mixed results about their business environment,” said Riehle. “Except for the capital expenditures arena, the current situation indicators remain dampened. However, operators are somewhat more optimistic regarding higher sales in six months.”

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