Restaurant outlook dampens - Memphis Business Journal:

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A total of 60 percent of operators saw lower May saless compared to ayear ago, whiled 26 percent said sales were up. The associationm also says restaurant operators reported negative customer traffic levelsxin May, the 21st consecutive month of traffic declines. "Despite the softer sales outlook, restaurant operators remained relatively optimisticx that the economy will improv in themonths ahead," the Associatiohn said.
"Thirty-four percent of restaurant operators said they expecf economic conditions to improve in six down slightly from 37 percent who reported similarly last After reaching a 10 month high last the group says restaurant operators have scaled back plans for capital expenditures in thecoming months, with 41 percent planning to spend moneyg on remodeling or equipment, down from 46 percenrt last month.