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Restaurant sales pick up in March
From the National Restaurant Association
April 12, 2013
Restaurant sales registered a solid gain in March, according to preliminary figures from the U.S. Census Bureau. Eating and drinking place sales totaled $45.6 billion in March on a seasonally-adjusted basis, up 0.7 percent from February’s level and the first increase in three months.
The March uptick gained back some of the losses from January and February, which were both down from December’s record high of $45.7 billion. However, on a cumulative basis, eating and drinking place sales in the first quarter remained nearly $800 million short of December’s baseline level. (Note that these figures are preliminary, and will potentially be revised by the Census Bureau in upcoming releases.)
