Restaurant Performance Index rose 0.2% in November

The National Restaurant Association’s Restaurant Performance Index (RPI) remained elevated in November, as a result of positive sales and traffic comparisons and a generally optimistic outlook for business conditions. The RPI – a monthly composite index that tracks the health of the U.S. restaurant industry – stood at 104.8 in November, up 0.2% from a level of 104.5 in October.  

Restaurant operators continued to report positive same-store sales and customer traffic compared to year-ago levels. Looking forward, restaurant operators’ optimism for business conditions is at its highest point since the August survey period, though it remains somewhat dampened from the elevated levels reached during the first half of 2021.  

The Current Situation Index, which measures current trends in four industry indicators, stood at 105.4 in November – up 0.2% from October. Restaurant operators continued to report positive same-store sales and customer traffic, while capital spending activity trended higher.  

The Expectations Index, which measures restaurant operators’ six-month outlook for four industry indicators, stood at 104.1 – up 0.3% from the previous month and the second consecutive monthly gain. Six in 10 operators expect their sales to rise in the months ahead, while a solid majority are planning to make a capital expenditure.  

Read the full RPI report.

Restaurant Performance Index

RPI Methodology

The National Restaurant Association's Restaurant Performance Index (RPI) is a monthly composite index that tracks the health of the U.S. restaurant industry. Launched in 2002, the RPI is released on the last business day of each month.

The RPI is measured in relation to a neutral level of 100. Index values above 100 indicate that key industry indicators are in a period of expansion, while index values below 100 represent a period of contraction for key industry indicators. The Index consists of two components — the Current Situation Index, which measures current trends in four industry indicators (same-store sales, traffic, labor and capital expenditures), and the Expectations Index, which measures restaurant operators’ six-month outlook for four industry indicators (same-store sales, employees, capital expenditures and business conditions).

The RPI is based on the responses to the National Restaurant Association’s Restaurant Industry Tracking Survey, which is fielded monthly among restaurant operators nationwide on a variety of indicators including sales, traffic, labor and capital expenditures. Restaurant operators interested in participating in the tracking survey: contact Bruce Grindy.

For more detailed analysis of the RPI and Industry Tracking Survey data, see Restaurant TrendMapper.

Updated 12/30/2021