NRA: Restaurant Performance Index shows improvement
Stronger same-store sales and customer traffic helped propel the National Restaurant Association’s Restaurant Performance Index above 100 in September — the first time in three months, the NRA said.
The RPI, a monthly composite that tracks the health of and outlook for the foodservice industry, rose to 100.1 in September, up 0.7 percent from August and its highest level since June.
A number above the benchmark 100 reflects expansion in the key industry indicators.
“The September increase in the Restaurant Performance Index was fueled by improvements in the same-store sales and customer traffic indicators,” said Hudson Riehle, senior vice president of the Research and Knowledge Group for the NRA.
“Among the forward-looking indicators, restaurant operators are more optimistic about sales growth in the months ahead, while their outlook for the overall economy remains cloudy.”
See more about performance in September; story continues below
The RPI consists of two components — the Current Situation Index, which measures current trends in same-store sales, traffic, labor and capital expenditures; and the Expectations Index, which measures operators’ six-month outlook for same-store sales, employees, capital expenditures and business conditions.