Foodservice showing modest signs of improvement
May 25, 2010
CHICAGO – Technomic recently adjusted its 2010 U.S. foodservice industry nominal growth forecast upward from a decline of 1.6% to positive growth of 0.6%, citing better-than-expected performance in several foodservice segments.
"The most significant changes are in the 'commercial' sectors, with full-service restaurants, hotels and recreation, in particular, showing better-than-expected improvements," said Joe Pawlak, Technomic vice president. "The limited-service restaurant segment is also up slightly over earlier estimates."
It appears the foodservice industry has hit the bottom and is now beginning to bounce back, Technomic's revised forecast seems to confirm. "There are definitely signs of improvement," Mr. Pawlak said, "although the recovery will be slow going forward."