Foodservice Retail Sales Rose, If Slightly, Countering A Retail Sales Slump In March

Retail sales at food services and drinking places rose 0.1% to $93.1 billion in March, up from an upwardly revised $92.9 billion in February, according to the “advance” retail sales data from the Census Bureau. Foodservice sales remained significantly below January’s $94.5 billion, but the three months January through March are 4.6% ahead of 4Q-22…