TIndex (Technomic Index)
TIndex is the Technomic Index on the total U.S. foodservice industry reported monthly.
TIndex remains flat in May
The May 2022 TIndex was materially unchanged compared to April, recording a 102.8 value. When analyzing against May 2021, the industry has grown by 9%.
Accelerating inflation continues to be the main driver for the increase. Given that the TIndex is based on nominal sales and with foodservice inflation running more than 7.4% year over year, the industry is only growing about 1.5% on a real basis compared to last year.
Traffic softening is evident within restaurants, as high inflation not only within restaurants but within the broader economy is beginning to impact consumer spending on discretionaries.
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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