Chain Store Guide Restaurant Spending Index Ticked Lower In August, But Remains Close To 2024 High

Since a peak last February, Chain Store Guide’s Restaurant Spending Index has mostly been trapped in the doldrums throughout 2024. That changed in July, when the index spiked along with its sister Retail Spending Index and the overall Consumer Spending Index. The restaurant index reached 109.8, just a tenth-point shy of the February peak. The…