Restaurant operators report positive same-store sales and customer traffic levels for November 2014.
The National Restaurant Association's Restaurant Performance Index (RPI) reached 102.1 in November, representing a slight decline from October's level of 102.8. Despite the slight decline, this marks the 21st consecutive month in which the RPI exceeded 100, indicating expansion in the index of key industry indicators.
The RPI measures the health of the restaurant industry in relation to a steady-state level of 100. Index values that exceed 100 indicate a period of expansion for key industry indicators.
The Current Situation Index, which measures current trends among same-store sales, traffic, labor and capital expenditures, stood at 101.4 in November — down 1.6 percent from October's level of 103.1. Key data points from the Current Situation Index include:
The Expectations Index, which measures restaurant operators' six-month outlook for same-store sales, employees, capital expenditures and business conditions, stood at 102.8 in November — up 0.3 percent from October's level of 102.5. Key factors from the Expectations Index include: