Restaurants & Foodservice

Restaurant industry sales were expected to reach a record $604 billion and post positive growth in 2011 after a three-year period of negative real sales growth, according to National Restaurant Association’s 2011 Restaurant Industry Forecast. The report projects an industry sales increase of 3.6% over 2010 sales, which equals 1.1% in real (inflation-adjusted) terms. The nation’s 960,000 restaurants will continue to be strong contributors to the recovery of the nation’s economy, with industry sales representing 4% of the U.S. gross domestic product and employees comprising nearly 10% of the U.S. workforce. Its total economic impact exceeds $1.7 trillion, and every dollar spent in restaurants generates $2.05 spent in the overall economy.

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