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Foodservice industry 1.1% larger than two years ago, latest monthly index shows

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Technomic’s TIndex, the index on total foodservice industry reported monthly, was down slightly in July from June.

However, this number still represents strong industry results versus 2019. The foodservice industry was 1.1% larger in July 2021 compared to 2019 and 31% larger compared to 2020.

“Softening in some non-commercial segments is the reason for the drop in the TIndex, but restaurant sales remain strong,” explained Joe Pawlak, managing principal at Technomic.

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“As of the end of July, there has been no indication of industry sales being impacted by the Covid-19 delta variant. We will keep a close eye on these factors as new developments continue.”

TIndex is Technomic’s index on the total US industry, reported monthly, comparing performance to the same month in 2019.

TIndex includes inflation and allows for industry growth analysis on a year-over-year basis for the same month.

It offers a unique way to track the foodservice industry, built using a variety of data sets, including operator transaction, consumer visit tracking and distributor sales information.

The data is then weighted and evaluated to align with a representation of the total foodservice industry.

Past TIndex reports:

July 2021 TIndex (current): 101.1

June 2021 TIndex: 101.8

May 2021 TIndex: 94.3

Tags : foodservice industryresearch
Andrew Seymour

The author Andrew Seymour

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