June Restaurant Performance Index shows softer outlook
Bolstered by stronger same-store sales and customer traffic levels, the National Restaurant Association's Restaurant Performance Index (RPI) stood above 100 for the eighth consecutive month in June. The RPI – a monthly composite index that tracks the health of and outlook for the U.S. restaurant industry – stood at 101.4 in June, unchanged from May's level. June represented the eighth consecutive month that the RPI remained above 100, which signifies expansion in the index of key industry indicators.
"The latest Restaurant Performance Index reflects improvements in each of the four current situation indicators in June," said Hudson Riehle, senior vice president of the Research and Knowledge Group for the Association. "Restaurant operators reported positive same-store sales and customer traffic, while their capital spending activity advanced for the second consecutive month."