Technomic has just released its first TIndex (Technomic Index) to provide a benchmark to help analysts, researchers, and industry leaders track the health of the foodservice industry in the United States. According to the press release, the TIndex “is a unique way to track the foodservice industry, built using a variety of datasets available to Technomic, including operator transaction, consumer visit tracking and distributor sales information.” The TIndex will be released monthly, starting with March 2021, with historical data starting the beginning of 2020.
First time reporting shows the following:
The TIndex is Technomic’s index on the total U.S. industry, reported monthly, comparing performance to the same month in 2019. The TIndex includes inflation and allows for industry growth analysis on a year-over-year basis for the same month.
- March 2021 TIndex (current): 94.1
- February 2021 TIndex: 86.1
- January 2021 TIndex: 82.2
As a comparison, the TIndex in March 2020, the beginning of COVID-19 restrictions in the U.S., was 75.5, which means the industry grew by almost 25% when comparing March 2021 with to March 2020.
You can access the Index here.