Economic News

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Restaurant Sales and Traffic Fall to Three-Month Low

According to Black Box, sales growth for all segments except for fine dining “deteriorated” during the last two weeks of September compared with the first three weeks of the month.

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Biden Administration Announces Ports, Goods Carriers Are Moving to 24/7 Hours

Just weeks after NAFEM and three other major manufacturers called on the federal government to address worsening supply chain challenges, it appears steps are being taken.

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Demand for Outdoor Dining Last Month Was on Par With Demand in September 2020

Customers wanted to dine outside this past September almost as much as they wanted to in September 2020, according to a new survey from the National Restaurant Association that polled 4,000 operators.

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TIndex Shows Softening of Foodservice Industry Growth

August's TIndex showed decelerated growth in the restaurant industry, in part due to the delta variant, according to Technomic.

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Black Box Says Check Growth Rates Have Hit a New Record

In the last two weeks, the two-year check growth rates were the highest ever recorded.

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Supply Chain Issues Are Escalating for Foodservice E&S Manufacturers

A recent member study by the North American Association of Food Equipment Manufacturers shows supply chain issues aren’t letting up for U.S. foodservice E&S manufacturers.

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Tourism-Related Restaurant Sales Fall Short This Summer

For most restaurant operators, their tourism-related sales this summer remained lower than pre-pandemic levels.

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Black Box’s Weekly Performance Pulse Says Restaurant Sales Had Strongest Results Since July

Black Box Financial Intelligence’s latest Restaurant Industry Performance Pulse shows the week ending Sept. 5 was the strongest week for restaurant sales since July, but growth remains negative.

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MAFSI Business Barometer Shows Strong Q2 Sales

According to the barometer, sales in the second quarter of 2021 climbed 19.1% over the second quarter of 2020, a jump from the projected increase of 16.1%.

Hiring Talent Remains Top Industry Challenge

Hiring talent remains the top industry challenge, according to the National Restaurant Association's mid-year State of the Restaurant Industry report.

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