Forward Looking Consumer Survey
Industry Holding Its Own Without Stimulus
Forecast for June 2021 (Y/Y Change)
- While the previous eye-popping growth of RR’s Intent to Eat Out Index (our survey of 1,500 consumers’ plans to eat-out over the next month) maybe slowing, it looks like sales for June will still be strong on a y/y basis.
- So it appears that even as stimulus tapers, consumer demand remains robust as consumer confidence continues to rebound and jobless claims drop to a post-lockdown low.
- From a demo stand-point, we continue to see weakness in the youngest age group which necessitates a strong value equation in our opinion.
- Also, it would seem that vaccines are boosting the confidence of the older demos to return to the restaurants.
Monthly Sequential Change