The TIndex is released monthly and provides a unique benchmark to track the foodservice industry
CHICAGO, June 29, 2021—Technomic has released the May TIndex (Technomic index), an index that acts as a benchmark to track the health of the foodservice industry in the United States. While the TIndex decreased slightly from 94.6 in April to 94.3, it still showcases continued industry improvement.
“The slight decrease in May is due to some deceleration in limited-service restaurants, although sales still remain very strong. FSR sales, however, strengthened in May,” explains Joe Pawlak, managing principal at Technomic. “At the May level, the foodservice industry in that month was only 5.7% smaller than it was in 2019, but its overall sales increased by 55% over April 2020. This trajectory is very much in line with our revised 2021 forecasts that we released earlier in June.”
Past TIndex reports:
- May 2021 TIndex (current): 94.3
- April 2021 TIndex: 94.6
- March 2021 TIndex: 94.1
- February 2021 TIndex: 86.1
- January 2021 TIndex: 82.2
TIndex is Technomic’s index on the total U.S. industry, reported monthly, comparing performance to the same month in 2019. TIndex includes inflation and allows for industry growth analysis on a year-over-year basis for the same month. It offers a unique way to track the foodservice industry, built using a variety of datasets, including operator transaction, consumer visit tracking and distributor sales information. The data is then weighted and evaluated to align with a representation of the total foodservice industry.
Bookmark this webpage to get the latest TIndex at the end of every month: https://www.technomic.com/about/markets
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Technomic Inc., a Winsight company, was founded as a management consulting firm in 1966. Since then, Technomic’s services have grown to encompass cloud-based B2B research tools, consumer and menu trend tracking and other leading strategic research and analytic capabilities, to prioritize and size business opportunities. Our clients include food manufacturers and distributors, restaurants, retailers and multiple other business verticals aligned with the food industry that are looking to make informed decisions to support their business growth. Visit Technomic at www.technomic.com.
Winsight LLC is a business-to-business information company serving the restaurant and noncommercial foodservice, convenience and petroleum retailing and grocery industries. Winsight provides research and analytics, branding solutions, face-to-face opportunities, lead generation initiatives, and content marketing services through products including subscription data products, reports, research tools, research programs, fully custom studies, conferences, custom marketing services, meetings, print and digital trade media. To learn more, visit winsightmedia.com