Thursday, May 16, 2013

US Consumers Eating Out More

From CNBC:

Sales at eating and drinking places in April reached $45.9 billion, a $200 million seasonally-adjusted increase from the previous high in December 2012, according to preliminary figures from the U.S. Census Bureau. 


"After totaling nearly $45.7 billion in December, eating and drinking place sales were dampened somewhat during the first three months of 2013, likely due in part to the impact of the payroll tax hike," the National Restaurant Association's Chief Economist Bruce Grindy wrote in his analysis of the numbers. Sales have steadily increased since dipping to $45.2 billion in February. Those numbers are expected to continue rising, according the restaurant group's own survey.