Industry performance improves despite sluggish business conditions, including declining customer traffic.
The National Restaurant Association's Restaurant Performance Index (RPI) posted a modest gain in January, climbing 0.2 percent to 100.5.
"Restaurant operators are more optimistic about business conditions in the months ahead, which is also reflected in ramped up plans for capital spending," said Hudson Riehle, senior vice president of the Research and Knowledge Group for the NRA. "However, current situation indicators such as customer traffic, were dampened in January, due in large part to adverse weather conditions."
The Current Situation Index, which measures current trends in 4 industry indicators (same-store sales, traffic, labor and capital expenditures), stood at 99.5 in January — unchanged from December. Key data points from the Current Situation Index include:
The Expectations Index, which measures restaurant operators' 6-month outlook for four industry indicators (same-store sales, employees, capital expenditures and business conditions), stood at 101.8 in January – up 0.3 percent from December and the highest level in seven months. Key data points from the Expectations Index include: