The National Restaurant Association’s Restaurant Performance Index in October reached 100.7. (Note: any reading above 100 is expansionary). This is the highest level for the index in over three years, since September 2007, and reflects a strengthening environment of consumer spending at restaurants.
Dr. Krause, AIM program director said, "Restaurants are a discretionary expense and this reading suggests consumers are becoming more and more confident. While this measurement alone is not a strong indicator of an expanding economy, it is another in a series of positive signals that the consumer is becoming more confident."