Report: Restaurant sales growth to continue in 2014
Washington, D.C. – Despite economic challenges, the restaurant industry should experience its fifth consecutive year of sales growth in 2014. According to the National Restaurant Association (NRA) 2014 Restaurant Industry Forecast, industry sales are projected to exceed $683 billion in 2014, up 3.6% from 2013’s sales volume of $659.3 billion.
In addition, NRA data predicts that in 2014, the restaurant industry will employ 13.5 million individuals and remain the nation’s second-largest private sector employer. The restaurant workforce continued to grow at a robust rate in 2013, keeping the industry among the economy’s leaders in job creation.
Eating-and-drinking places are projected to add jobs at a 2.8% rate in 2014, which will represent the 15th consecutive year in which industry job growth outpaced the overall economy.