TIndex (Technomic Index)
TIndex is the Technomic Index on the total U.S. foodservice industry reported monthly.
TIndex drops further in December
The TIndex decreased another 1.7 points in December, falling to 107.9. This represents a 5.5-point decrease from October, when the TIndex reached its high of 113.4. Continued disinflation of menu prices coupled with softness within the independent full-service restaurant sector drove down the number.
On a year-over-year basis, results indicate that December 2023 foodservice sales grew by approximately 5.2% (nominal) compared to November 2022. Adjusting for inflation, the industry was flat on a real basis.
About the TIndex: Each index number corresponds to the same month in 2019. Therefore, as an example, the January 2021 index of 82.2 suggests that the industry is 17.8 percentage points smaller than is was in January 2019.
The index is based on a number of datasets available to Technomic including operator transaction, consumer visit tracking and distributor sales information. All data is weighted and evaluated to align with a representation of the total U.S. foodservice industry.
The TIndex is powered in part by Ignite Company, a robust online platform that allows our clients to understand historical foodservice data trends, prioritize accounts, track competitors and more. Learn more about Ignite Company
For more information about the TIndex or additional historical data, please contact us.
Consumers’ constant demand for innovative restaurant concepts, menus and flavours means you need to stay ahead of the trends. Technomic’s foodservice portfolio features a full line of services, including research tools, surveys, data and insights to keep you on top.
An exclusive membership for chain operators, manufacturers, distributors and industry allies providing access to key insights, strategies and trends that exist around the globe
Subscribe to Our Emails
Unique content, conversation and thought leadership from Technomic is just a click away.