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Article: UBS/Global Insight New 'Restaurant Leading Indicator' Index Signals Slower Growth For the $350 Billion Restaurant Industry.
- Article from:
- PR Newswire
- Article date:
- January 27, 2004
CopyrightCOPYRIGHT 2004 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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WALTHAM, Mass., Jan. 27 /PRNewswire/ -- Global Insight, Inc., the private company that brought together DRI and WEFA, the world's most respected economic analysis, forecasting and financial information companies, today announced the inaugural release of the UBS/Global Insight Restaurant Leading Indicator. This new predictor of the U.S. restaurant industry indicates an average growth rate of 4.2% over the first half of 2004 -below the average growth rate for the past 5 years of 5.6%.
Despite an overall improving economic outlook, U.S. consumers will remain cautious until an economic upturn is solidly in place before increasing their restaurant spending. ...