This statistic doesn't look so good. 22 consecutive months of traffic declines. Peacenik, Peacenik's self, doesn't go out to restaurants as much as Peacenik used to. And Peacenik has noticed that traffic seems to be off when Peacenik does go out. Bad weather, the economy, low consumer confidence, social distancing, stale menus, debt, fear of crime....lots of things could be sinking restaurant traffic. Peacenik will try and boost the Guelph restaurant index this weekend. Peacenik will collect all the loose change lying around Peacenik's basement apartment, and Peacenik will go out at least once. Peacenik will do Peacenik's part. Peacenik encourages you to do your part. Have a good long weekend.
by CalculatedRisk on 7/31/2009 10:10:00 AM
Note: Any reading below 100 shows contraction for this index.
From the National Restaurant Association (NRA): Restaurant Industry Outlook Remained Uncertain In June as Restaurant Performance Index Declined for Second Consecutive Month
The restaurant industry’s economic challenges continued to persist in June, as the National Restaurant Association’s comprehensive index of restaurant activity declined for the second consecutive month. The Association’s Restaurant Performance Index (RPI) – a monthly composite index that tracks the health of and outlook for the U.S. restaurant industry – stood at 97.8 in June, down 0.5 percent from May and its 20th consecutive month below 100.
Read on...
by CalculatedRisk on 7/31/2009 10:10:00 AM
Note: Any reading below 100 shows contraction for this index.
From the National Restaurant Association (NRA): Restaurant Industry Outlook Remained Uncertain In June as Restaurant Performance Index Declined for Second Consecutive Month
The restaurant industry’s economic challenges continued to persist in June, as the National Restaurant Association’s comprehensive index of restaurant activity declined for the second consecutive month. The Association’s Restaurant Performance Index (RPI) – a monthly composite index that tracks the health of and outlook for the U.S. restaurant industry – stood at 97.8 in June, down 0.5 percent from May and its 20th consecutive month below 100.
Read on...
