NRA’s RPI Rises Mere 0.1 Point As Current Indicators Up, Expectations Down, Both Cap-Ex Markers In Contraction

The National Restaurant Assn.’s Restaurants Performance Index for March exhibits a bit of schizophrenia. All four Current Situation indicators rose—the same-store sales and traffic measures quite sharply—but all four Expectations metrics fell. Since the Current Situation Index rose two full points, slightly more than the 1.8 points the Expectations Index fell, the overall RPI rose…