TIndex (Technomic Index)

TIndex drops in March

The March TIndex decreased by 6.5 points from February to 107.6.  Softness in full-service restaurants and travel sectors contributed to this weakening. Technomic believes the proliferation of menu prices over the past few years is finally having an impact on consumer spending patterns.​

On a year-over-year basis, results indicate that March foodservice sales grew by only 1.4%. This represents the slowest annual monthly year-over-year change since February 2021.

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

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