December 5, 2005
NRA’s RPI Posts Solid October Gain
The outlook for the restaurant industry improved sharply in October, as the National Restaurant Association’s comprehensive index of restaurant activity registered a solid gain. The association’s Restaurant Performance Index, a monthly composite index that tracks the health of and outlook for the U.S. restaurant industry, stood at 101.5 in October, up a strong 1.2 percent from a level of 100.2 in September.
In addition, October represented the 30th consecutive month above 100—a level that represents expansion in the NRA’s composite index of eight key industry indicators. The October increase in the Restaurant Performance Index was driven by strong gains in both the current situation and expectations components of the index. The Current Situation Index, which measures current trends in four industry indicators (same-store sales, traffic, labor and capital expenditures), stood at 100.4 in October – up 0.9 percent from September’s 24-month low of 99.5.
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