Wednesday, May 2, 2012
Economy: In Consumers We Trust 2012 III
This morning we got news that the Restaurant Performance Index climbed in March to a new post-recession high (calculatedriskblog.com). The index is a gauge for consumer spending for restaurant services. The majority of restaurant operators reported higher same-store sales and customer traffic levels
The rising expenditures for eating out are another sign that the majority of consumers are becoming more optimistic. It seems that at least the rising numbers of restaurant visitors are putting more confidence in the economy than the media and the stock market. Maybe investors should follow their example.