Similarly, restaurant operators are increasingly pessimistic about the direction of the overall economy. Only 20 percent of restaurant operators said they expect economic conditions to improve in six months, down from 26 percent last month. In contrast, 38 percent of operators said they expect economic conditions to worsen in the next six months, up from 18 percent last month and the highest level in nearly four years.Despite the uncertainty, more restaurant operators are planning for capital spending in the months ahead. Fifty percent of restaurant operators plan to make a capital expenditure for equipment, expansion or remodeling in the next six months, up from 44 percent who reported similarly last month.
Restaurant Performance Index Fell To Its Lowest Level In 14 Months As Operator Optimism Plunged
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