Restaurant Owners More Upbeat
The nation's restaurant owners report more diners and higher sales this summer, according to the National Restaurant Association.
The Washington-based trade group's monthly index of restaurant activity rose 0.5 percent in June to 101.4, the first gain in three months. Results above 100 reflect industry growth. The index, based on a survey of restaurant owners and operators national, has now stayed above 100 for 50 consecutive months.
More owners in June reported positive same-store sales, improvements in customer traffic, and capital spending on equipment, expansion, or remodeling. The outlook for the months ahead was also positive, with more than half of the owners surveyed expecting higher sales in the next six months, the report said.-next-