The RPI stood at 98.1 for the month, up 0.3% from June. However, July also marked the 21st consecutive month that the index has been below 100. Any number below 100 indicates contraction in key industry indicators.
"Although restaurant operators continue to report soft same-store sales and customer traffic levels, they
are more optimistic about improving conditions in the months ahead," summarized Hudson Riehle, SVP of research and information services for the association. "Restaurant operators reported a positive
six-month economic outlook, and the proportion expecting higher sales rose to its highest level in three months."--Karlene Lukovitz