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Technomic issues new forecast, says foodservice industry shows modest signs of improvement

CHICAGO (May 26, 2010 - Business Wire)Citing better-than-expected performance in several foodservice segments, Technomic adjusted its 2010 U.S. foodservice industry nominal growth forecast upward from a decline of 1.6 percent to positive growth of 0.6 percent.

"The most significant changes are in the 'commercial' sectors, with full service restaurants, hotels and recreation, in particular, showing better-than-expected improvements," said Joe Pawlak, Technomic vice president. "The limited-service restaurant segment is also up slightly over earlier estimates."

Technomic's revised forecast seems to confirm that the foodservice industry has hit the bottom and is now beginning to bounce back. "There are definitely signs of improvement," says Pawlak, "although the recovery will be slow going forward."

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