Outlook 2008: Midwest

Outlook 2008: Midwest

SALES FORECAST

Restaurant sales in the Midwest are expected to increase by 3.7 percent in 2008, or just 0.1 percent after factoring in menu price inflation, the lowest predicted regional rise.

That lackluster outlook can be blamed on several pockets of high unemployment stemming from the loss of 1.2 million manufacturing jobs since 2001 in states bordering the Great Lakes. Michigan’s unemployment rate of 7.7 percent as of last fall was the

Register to view the full article

Register to view this article

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish