WASHINGTON — The National Restaurant Association’s Restaurant Performance Index achieved a 14-month high in May, thanks to increased sales and customer traffic.

The May RPI measured 101.8, a 9% increase from April. It was the third straight monthly gain, as well as the third consecutive month with the RPI over 100.


CONNECT WITH SN ON TWITTER

Follow @SN_News for updates throughout the day.


“The May increase in the Restaurant Performance Index was driven by broad-based gains in the current situation indicators, most notably positive same-store sales and customer traffic results,” Hudson Riehle, senior vice president of the Research and Knowledge Group for the National Restaurant Association, said in a statement. “In addition, restaurant operators remain optimistic about continued sales growth and a majority plan to make a capital expenditure in the next six months.”

Nearly two-thirds of restaurant operators saw a same-store sales gain between May 2012 and May 2013, compared to 49% in April. In addition, 47% reported an increase in customer traffic between May 2012 and May 2013, up from 36% in April.

Restaurant operators also are optimistic about the future, with 47% saying they expect to have higher sales in six months. Fifty-seven percent plan to make a capital expenditure in the next six months.

Suggested Categories More from Supermarketnews