Posted on 07/01/2009 1:30:50 PM PDT by FromLori
Here the second derivative is turning down
Here's some second-derivative worsening from the restaurant industry:
Restaurant Industry Outlook Softened in May as Restaurant Performance Index Posted First Decline in Five Months
The outlook for the restaurant industry was dampened somewhat in May, as the National Restaurant Association’s comprehensive index of restaurant activity registered its first decline in five months. The 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 98.3 in May, down 0.3 percent from April and its 19th consecutive month below 100.
“With the performance of the current situation indicators holding relatively steady in May, the RPI’s decline was the result of restaurant operators’ dampened outlook for each of the four forward-looking indicators,” said Hudson Riehle, senior vice president of Research and Information Services for the Association. “Although restaurant operators remain relatively optimistic that economic conditions will improve in six months, their outlook for sales growth and capital spending activity softened somewhat.”
Read the whole announcement >
(Excerpt) Read more at businessinsider.com ...
The lack of people in restaurants at the lunch hour has been noticeable going on 3 months now...can’t see it getting better anytime soon.
I know how to feed myself in a better more nutifin' way for pennies on the dollar compared to bellyin' up to their costly trough.
That's life.
We are on a frippery slope. Frippery jobs should continue to decline in this economy.
parsy, who says yes, “frippery” is a real word.
Shew. For a second, I thought you were addressing us in Nork Korean.
Cutting back on the number of time you eat out is an easy way to cut your daily expenses.
I am from a different time, before “fast food”. I can remember of only one time as a child of eating in a restaurant. Even when we traveled we took our meals with us.
It was in the early 1960s when a Jack in the Box was built near my school that I discovered fast food. I don’t think I had a pizza until I was in the Army.
Eating out, or take out, was not an option.
But then, that was a simpler time. Fathers went off to work and moms stayed home to take care of the kids and the house. That was her job.
Ruth’s Criss steakhouse is offering 39 dollar dinners. Can’t beat that price. Normally a dinner there will cost you close to $100.00.
That's half a case of 7.62 right there!
Well I walked in looked at the prices on the menu and walked right back out. Rush never said you had to make his salary to eat there !
Rather go by some prime meat from the store for a fraction of the cost.
I’ve only been there twice for special occasions, and yes it was expensive, but in both cases it was very good food.
HEB has beef that rivals Ruth’s. I get them to cut filets and cook them very slowly, about an hour at 170 degrees. Hell of a lot cheaper than a steakhouse. Meat heaven.
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