Restaurant Performance Index Rebounded in May

Buoyed by stronger same-store sales and customer traffic levels, the National Restaurant Association’s Restaurant Performance Index (RPI) bounced back with a solid increase in May.  The RPI – a monthly composite index that tracks the health of and outlook for the U.S. restaurant industry – stood at 101.6 in May, up 1.5 percent from a level of 100.1 in April. 

The Current Situation Index, which measures current trends in four industry indicators, stood at 101.5 in May – up 1.8 percent from a level of 99.7 in April.  All four current situation indicators improved in May, led by same-store sales and customer traffic. 

The Expectations Index, which measures restaurant operators’ six-month outlook for four industry indicators, stood at 101.7 in May – up 1.1 percent from a level of 100.5 in April.  Growth was driven by each of the four indicators, which suggests restaurant operators are more optimistic about business conditions in the months ahead.

Read the full RPI report.

RPI Methodology

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.

The RPI is measured in relation to a neutral 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 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.

 

For more detailed analysis of the RPI and Industry Tracking Survey data, see Restaurant TrendMapper.

Updated 6/28/2019