Driven by stronger same-store sales and a more optimistic outlook among restaurant operators, the National Restaurant Association's Restaurant Performance Index (RPI) posted a moderate gain in October. The RPI – a monthly composite index that tracks the health of and outlook for the U.S. restaurant industry – stood at 102.1 in October, up 0.7 percent from a level of 101.4 in September. In addition, October represented the 32nd consecutive month in which the RPI stood above 100, which signifies expansion in the index of key industry indicators.
"The October gain in the RPI was buoyed by broad-based improvements in the current situation indicators," said Hudson Riehle, senior vice president of the Research and Knowledge Group for the Association. "In addition, restaurant operators are somewhat more optimistic about both sales growth and the economy in the months ahead."