Restaurant industry sees record sales of $683.4 billion 2014

By Daniel Enoch

© Copyright Agri-Pulse Communications, Inc.



WASHINGTON, D.C., Jan. 15, 2014 - Restaurant industry sales will jump 3.6 percent in 2014 to a record $683.4 billion, as the economy improves and consumers release some pent-up demand, according to a National Restaurant Association forecast.

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Adjusted for inflation, sales are projected to grow 1.2 percent, marking the fifth straight year of real growth.  Still, the gains remain below what would be expected during a normal post-recession period, the association said in a posting on its website.

The industry will employ about 13.5 million people in 2014 and holds its position as the nation's second-largest private sector employer, according to the group.

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