Restaurants continue slow climb back to health

By Geert De Lombaerde Posted on May 31, 2009 at 10:18 pm

Same-store sales fell in April for the 11th consecutive month, but operators’ outlook turned positive for the first time since late 2007, says the National Restaurant Association.

Thirty-seven percent of restaurant operators said they expect economic conditions to improve in six months, up from 30 percent who reported similarly last month and the highest level in three years. In comparison, only 16 percent of operators expect economic conditions to worsen in six months, down from 21 percent last month.

permalink

Tags: consumer spending, economic indicators, economy, National Restaurant Association, recession, restaurants  

Comments