Industry News | May 24, 2010

Technomic Says Foodservice is on the Up and Up

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," says 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," Pawlak says, "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 its website, or by contacting Technomic at 312-876-0004.

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