The National Restaurant Association's Restaurant Performance Index (RPI) is a monthly composite index that tracks the health of and the outlook for the U.S. restaurant industry. Launched in 2002, the RPI is released on the last business day of each month.
Latest RPI (released September 30, 2016)
Due in large part to declines in both same-store sales and customer traffic, the RPI fell below 100 in August. The RPI stood at 99.6 in August, down 1.0 percent. Index levels below 100 represent a period of contraction for key industry indicators. This is the first time in eight months the RPI stood below the 100 mark.
The Current Situation Index stood at 98.6 in August – down 1.9 percent from its July level. August represents the lowest value since February 2013.
The Expectations Index stood at 100.6 in August – down slightly from 100.8 in July. While the Expectations Index has trended lower in recent months, it remained above 100.
The RPI is measured in relation to a steady-state 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 more than 400 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.
RPI Archive (for more detailed analysis and aggregated RPI and Industry Tracking Survey data, see Restaurant TrendMapper)
RPI July 2016
RPI June 2016
RPI May 2016