Included in this section are ongoing analyses of key economic indicators that impact the restaurant industry. Indicators include employment, income, GDP, consumer spending, and tourism. NRA research shows that the level of consumers’ pent-up demand for restaurant services remains elevated. Once consumers’ confidence in their personal financial situations improves, they are primed to release some of that demand.
The EconomyJob growth continued to slow in SeptemberOctober 08, 2021
Economy added 194,000 jobs in September.
The EconomyDisposable personal income rose sharply in the first quarterApril 29, 2021
Disposable personal income jumped 61.3% in the first quarter.
The EconomyEconomy grew at a healthy pace in the first quarterApril 29, 2021
Economy expanded at a 6.4% rate in the first quarter.
The EconomyConsumer spending jumped 10.7% in the first quarterApril 29, 2021
Consumer spending is projected to rise sharply in 2021.
The EconomyTourism-related spending in restaurants fell sharply during the pandemicApril 13, 2021
The percent of restaurant sales coming from travelers and visitors is less than half of what it was before COVID-19.
The EconomyIncome Growth Bodes Well for RestaurantsSeptember 19, 2016
In addition to the solid increase in household income in 2015, the record number of higher-income households is a good sign for restaurants.
The EconomyNorth Dakota Led the Nation in Job Growth in 2013May 06, 2014
Restaurant sales on the state and local levels are often closely tied to economic and demographic trends. Just as the strength of the economic recovery varied significantly by state, so too has the general business environment for restaurants.