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
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.