Retail Foodservice Sales Posted Another Modest Gain In August

Retail sales at “food services and drinking places” rose 0.3% to $90.8 billion in August, compared to July’s downwardly revised $90.5 billion. It was the sixth straight month of gains, with total consumer spending at restaurants rising 4% during the period. Total retail sales rose 1% during the six-month period. In inflation-adjusted terms, retail foodservice…