TIndex (Technomic Index)

TIndex rose slightly in January

The TIndex increased by 2 points in January from December 2023 to a 109.9.  While continued strength in nonrestaurant segments boosted the TIndex, restaurant segment weakening held back a further increase.
 
On a year-over-year basis, results indicate that January 2024 foodservice sales grew by less than 1% (nominally) compared to January 2023. Adjusting for inflation, the industry was down 4% on a real basis. Strong comps vs. 2023 in the restaurant segment are a major reason for this softness. 

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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