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This chart shows how the restaurant industry’s recovery stumbled in December

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The restaurant industry spent most of 2020 trying to recover from the coronavirus pandemic, but the final month of the year saw weak sales worsen.

In December, transactions at U.S. restaurant chains fell 10% compared with the same time a year ago, according to the NPD Group. The firm tracks transactions at 75 restaurant chains, which make up for more than half of commercial restaurant traffic in the U.S. when combined. Up until December, monthly restaurant transaction declines had been improving consecutively since April. November transactions were down just 8%.

But the industry’s recovery has been hampered by another surge in new Covid-19 cases, prompting government officials to reinstate…



Source cnbc.com

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