NRA’s RPI Forward-Looking Capital-Spending Indicator Remained Historically Very High In May

The National Restaurant Assn.’s Restaurant Performance Index fell 0.8 point in May, according NRA’s monthly tracking survey, coming off an historical high of 106.3 in April. But these comparisons are somewhat artificial, since RPI indicators are compared to month year prior. And April and May 2020 were the very depth of the Covid pandemic-induced closures….