Restaurant sales dipped in February

Restaurant sales declined for the first time in three months, according to preliminary figures from the U.S. Census Bureau. Eating and drinking place sales totaled $65.8 billion in February on a seasonally-adjusted basis, which was down 0.5 percent from January’s record sales volume of $66.1 billion.

February’s decline followed healthy 0.9 percent and 0.8 percent gains in December and January, respectively.

Track more economic indicators and read more analysis and commentary from the Association's chief economist Bruce Grindy.