Economic News

September 19, 2023

Datassential Offers Sneak Peek at 2024

The industry continues to stabilize while operators tackle rising costs and labor and supply shortages.

September 12, 2023

MAFSI Barometer: Sales Growth Continues To Slow

Reduced demand and higher prices will likely lead to even slower growth ahead.

July 10, 2023

Pros, Cons of Q1, By Way of MAFSI’s New Barometer

Manufacturers are reporting a ‘sharp’ decline in lead times, but quarterly sales also dipped below expectations.

June 20, 2023

Restaurant Sales ‘Modestly Higher’ in May

The National Restaurant Association reports sales were up 0.4% from April.

May 30, 2023

Maine, Alaska Expected to See Largest Job Growth Rates This Summer

Nationally, eating and drinking establishments are projected to add 27,000 more seasonal jobs than in 2019 (the last time such data was recorded).

April 18, 2023

Customers Are Bringin’ Home the Bacon

Recent metrics show that “total restaurant traffic at the morning meal, breakfast and a.m. snack, has fully recovered from pandemic losses.”

March 16, 2023

MAFSI Denotes ‘Positive Signs’ in Q4 Barometer

MAFSI closed the books on 2022 and set expectations for Q1 of 2023 with the release of its latest Business Barometer on March 15. Overall sales—comprising equipment, supply, tabletop and furniture—were up 8.7% in Q4 2022, compared to a year prior, but down .3% from the previous quarter. “While still above the forecast of 8%,…

February 28, 2023

Restaurant Sales Expected To Rise in 2023

The 2023 State of the Industry report by the National Restaurant Association forecasts sales of $997 billion.

January 24, 2023

Restaurant Sales Fall but Consumers Still Interested

Consumer spending trended lower as 2022 wrapped up, “flashing a potential warning sign for diminished consumer activity in the months ahead,” according to research posted Jan. 18 from the National Restaurant Association.

January 5, 2023

5 Takeaways From the National Restaurant Association’s Recent Operator Poll

The association took operators’ temperatures on labor challenges, price increases, supply chain challenges and more.

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