Watch a video of Riehle summarizing the October RPI and other key industry economic indicators, including the holiday season.
By Derrek J. Hull, Blogger-in-Chief
The National Restaurant Association’s Restaurant Performance Index (RPI) – a monthly composite index that tracks the health of and outlook for the U.S. restaurant industry – stood at 100.0 in October, essentially unchanged from September’s level of 100.1.
Restaurant operators reported net positive same-store sales for the fifth consecutive month. In addition, each of the Association’s forward-looking indicators improved in October, which pushed the Expectations Index to its highest level in four months.
The RPI consists of two components - the Current Situation Index (measuring current trends) and the Expectations Index (measuring restaurant operators’ six-month outlook) - and tracks the health of and outlook for the U.S. restaurant industry.
The Current Situation Index stood at 99.5 in October – down 0.6 percent from September’s level of 100.1. October marked the third time in the last four months that the Current Situation Index stood below 100, which signifies contraction in the current situation indicators. Restaurant operators reported positive same-store sales for the fifth consecutive month in October, although results were somewhat softer than September’s performance. Restaurant operators also reported softer customer traffic levels in October.