Do Declining Restaurant Sales Signal An Upcoming Recession?

A recession is coming for the restaurant industry according to Stifel. MS: Brexit Could Spark Global Recession In a research note sent out to clients today, a copy of which has been reviewed by ValueWalk, analysts at Stifel lay out why it believes the US restaurant industry is now heading for a recession, and why this could signal further bad news for the wider US economy. A recession is coming for the restaurant industry It’s Stifel’s view that restaurant industry sales could decline by 150bps to 200bps across all categories during the second half of 2016. Historically, restaurants have led…