Technomic Issues Forecast Showing Foodservice Industry's Signs of ImprovementMay 24, 2010
Chicago, IL, May 24, 2010 – Citing better-than-expected performance in several foodservice segments, Technomic adjusted its 2010 U.S. foodservice industry nominal growth forecast upward from a decline of 1.6 percent to positive growth of 0.6 percent.
"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."
Technomic's revised forecast seems to confirm that the foodservice industry has hit the bottom and is now beginning to bounce back. "There are definitely signs of improvement," says Pawlak, "although the recovery will be slow going forward."
Additional details on Technomic’s current forecast for all major U.S. foodservice segments can be viewed at their web site, or by contacting Technomic at 312-876-0004.