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National Restaurant Association - Restaurant Performance Index

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Restaurant Performance Index

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 May 31, 2018)

Due largely to softer same-store sales and customer traffic levels, the Restaurant Performance Index (RPI) registered a moderate decline in April. The RPI stood at 101.3 in April, down 0.5 percent from a level of 101.8 in March.

The Current Situation Index stood at 100.5 in April - down 0.9 percent from a level of 101.4 in March. Despite the decline, the Current Situation Index remained above the 100 level for the third consecutive month, which signifies expansion in the current situation indicators.

The Expectations Index stood at 102.1 in April – down slightly from a level of 102.2 in March. Each of the four forward-looking indicators are solidy above 100 in expansion territory, which means restaurant operators are generally optimistic about business conditions in the months ahead.

Read the full RPI report

 

RPI Methodology

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.

 

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