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Grocery store sales growth tops restaurant, food service

from USAgNet

U.S. food sector retail sales in April increased 2.7 percent from a year ago, but that was down from a 3.9 percent year-over-year gain for March. Retail sales across the entire economy for April were up 3.1 percent. Food sector sales growth has run below trends for the economy since last October, mostly due to a plateau in food service and restaurant sales. In April, food service, restaurant and drinking place sales were up 2.2 percent from the prior April. Grocery store sales were up 3.3 percent. This was the first time that grocery store sales growth outpaced that of food service, restaurant and drinking places since April 2014. more

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