Although U.S. restaurant performance was essentially flat overall in October, according to the National Restaurant Association, operators are funding more captial expenditures. While this may come from spending previously postponed, we will take it.
According to the NRA release:
“Restaurant operators’ outlook for capital spending rose for the third consecutive month. Forty-nine percent of restaurant operators plan to make a capital expenditure for equipment, expansion or remodeling in the next six months, the highest level in four months.”
To read the entire release, go here:
http://www.restaurant.org/nra_news_blog/2011/11/restaurant-performance-index-holds-steady-in-october.cfm
