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While NRA’s RPI Down Again, Cap Ex Measures Rise
We’ve said for months that the current recovery of the foodservice equipment and supplies market is unusual. While E&S sales usually lag operator fortunes, in this recovery increased capital spending anticipated an upturn in operator sales. And sales have continued to rise most of this year. The August version of the National Restaurant Association’s Restaurant…
Economists Expect Slow Growth For U.S. Economy For Years To Come
The latest consensus forecasts from 50 leading econometric forecasting organizations surveyed monthly by Blue Chip Economic Indicators outlines a U.S. economy plagued by sluggish real growth for years to come. And the short-term outlook for the next 18 months is particularly restrained. The consensus forecast for growth of real gross domestic product in 2011 rose…
Jobs Growth A Bit Better than Expected In September
It was hardly a surge but nonfarm payrolls in the United States grew by 103,000 in September, according to data released Friday, Oct. 7, by the federal Bureau of Labor Statistics. The numbers beat most analysts’ expectations and helped ease fears of another round of recession. The unemployment rate held steady at 9.1%. The numbers…
Have Commodities Prices Bottomed Out?
As forecasts for economic growth have slowed during the past three months, prices for many key metals and other materials used in foodservice equipment have fallen in line with most other markets. But while there is still a lot of uncertainty, prices for steels appear to have bottomed out in August and have been on…
Two Manufacturers Update Facilities
Manitowoc Foodservice has modernized its culinary center in Cleveland to accommodate more high-tech customer meetings, culinary demonstrations by three full-time chefs, and hands-on training. The re-do includes a complete floor-to-ceiling remodeling of the demonstration kitchen, which showcases an A-to-Z range of Manitowoc brands, from Frymaster fryers, Lincoln, Merrychef and Garland ovens, Varimixer mixers and Cleveland…
Nominating Period Opens For NRA’s Restaurant Industry Awards
Whether due to natural disasters or the economic downturn, it’s been a year of volunteering time and donating goods to food banks and community kitchens. Now comes the opportunity to honor operators and employees for outstanding community service and to cite those entrepreneurs living the American dream. The National Restaurant Association’s 2012 Restaurant Industry Awards…
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