This will mark the fifth consecutive year of restaurant industry sales growth despite a continued challenging economic landscape.
January 16/Washington/PRNewswire -- 2014 will mark the fifth consecutive year of restaurant industry sales growth despite a continued challenging economic landscape, according to the National Restaurant Association's 2014 Restaurant Industry Forecast. Industry sales are projected to exceed $683 billion in 2014, up 3.6% from 2013's sales volume of $659.3 billion.
2014 also will mark the 15th straight year in which restaurant industry employment growth will outpace overall employment growth. The industry will continue to be the nation's second-largest private employer with 990,000 restaurants employing 13.5 million individuals, or about 10% of the total U.S. workforce.