The National Restaurant Association’s Restaurant Performance Index (RPI) is a monthly composite index that tracks the health of and the outlook for the U.S. restaurant industry.
The distributing trend in the RPI signals an industry stall in the 2H14. Since the stall, the industry has nearly round tripped 2012 levels. Percentage change in real outlays for the food consumer at home signals the highest print since 1983. Simply put it, Americans are now eating at home too broke for restaurants.
Summary: With more Americans now eating at home with the RPI in a downtrend. We wonder what will happen to service sector in terms of employment?