TIndex (Technomic Index)
TIndex is the Technomic Index on the total U.S. foodservice industry reported monthly.
TIndex up slightly in August
The TIndex rose by 0.7 to a 109.5 level in August. Continued softness in the restaurant sector was offset by strengthening in education, as the fall semester commenced across the country.
On a year-over-year basis, the TIndex indicates that July 2023 foodservice sales grew by 4.1% nominally compared to the same month last year. Adjusting for inflation, the industry declined by 2.2% 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.
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