Restaurant outlook dampens - Memphis Business Journal:

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A total of 60 percent of operatorse saw lower May sales compared to ayear ago, whiler 26 percent said sales were up. The association also says restaurany operators reported negative customer traffifc levelsin May, the 21st consecutive month of traffic declines. "Despite the softer sales restaurant operators remained relatively optimistic that the economy will improve in themonthsx ahead," the Association said. "Thirty-four percent of restaurang operators said they expect economic conditions to improve in six down slightly from 37 percent who reporteds similarlylast month.
" After reaching a 10 month high last the group says restaurant operators have scaleds back plans for capital expenditures in the coming with 41 percent planning to spenfd money on remodeling or equipment, down from 46 percenr last month.