Market Pulse Check
F&B
Restaurant Biz Strong Despite Dicey Economy
While the U.S. has experienced lax economic growth lately and uncertainty reigns on Wall Street, Americans are dining out in healthy numbers, according to an online Tribune News Service article.
In 2015, sales of food/drinking establishments grew by more than 8% over 2014. That’s double the growth rate for retail sales.
In January, restaurants added 47,000 jobs, according to the U.S. Dept. of Labor. That’s more than manufacturing added in all of 2015. The explanation? Changing demographics and 6.5-year recovery have ...
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