Restaurant sales outlook positive despite July dip

Restaurant sales outlook positive despite July dip

U.S. labor market helping drive sales.

Although restaurant sales ticked down in July, positive economic fundamentals will support additional consumer spending in the months ahead, according to National Restaurant Assn. chief economist Bruce Grindy. 

Eating and drinking place sales totaled $54.6 billion on a seasonally-adjusted basis in July, according to preliminary figures released Aug. 12 by the U.S. Census Bureau.  This was just a tick below the record-high sales volume of $54.7 billion in June, Grindy said.

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