In contrast, restaurant operators remain generally pessimistic about the direction of the overall economy. Only 21 percent of restaurant operators said they expect economic conditions to improve in six months, essentially unchanged from 20 percent last month. Meanwhile, 36 percent of operators said they expect economic conditions to worsen in the next six months, while 38 percent reported similarly last month.Along with the uncertain outlook, restaurant operators reported a pullback in capital spending plans for the months ahead. Forty-five percent of restaurant operators plan to make a capital expenditure for equipment, expansion or remodeling in the next six months, down from 50 percent who reported similarly last month.
Restaurant Performance Index Improved In November But Remained Below 100 For Second Consecutive Month
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