Food Service Industry Spotlight 2011
By Sonya Sobato; Rueya Ceylon, Research Analysts
The food service industry is one of the largest industries in the United States.
Statistics by the U.S Bureau of Labor state that food preparation and serving related sectors combined to be the third largest employer by occupational groups in metropolitan and nonmetropolitan areas.
It is indicated that 2011 could be an excellent year for the restaurant industry. Sales are expected to climb up to a four year high, according to industry analysts. A recently released report by research firm Technomic predicts that the total U.S food service sales will overshadow 2010 by an increase of 1.7% in sales on a nominal basis and dipping just 0.3% on a real basis, which takes inflation into menu price consideration. And if this forecast is realized, it would be some of the highest growth since 2008.