Monday, July 15, 2013

Largest Decline In Restaurant Spending Since Beginning Of 2008

From The Wall Street Journal, Real Time Economics, "Check Please? Restaurant Spending Plummets in June" by Eric Morath:
Sales at U.S. restaurants and bars took the largest one-month tumble since the recession, a possible source of concern for an industry that has been a jobs engine.

Food-service sales fell 1.2% in June, the largest decline since February 2008, the Commerce Department said Monday. Restaurant sales fell in May as well.

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