Technomic’s latest TIndex release, representing foodservice industry health, showed another slight decline in November 2021 from October 2021. This result means we’ve seen two months of moderate deceleration, and Technomic cites similar drivers for both months: traffic moderation among independent restaurants and continued softness in the travel and leisure segments.
“The TIndex dropped to 97.2 in November, down from 97.8 in October and 98.9 in September,” explains Joe Pawlak, managing principal at Technomic. “Based on this data, the industry is down 2.8 percent over a two-year basis but has grown by 22 percent compared to the same month in 2020.”