2013 economic forecast for the restaurant and foodservice industry

Economic look aheadJanuary 21, 2013

With foodservice sales closely tied to key indicators such as gross domestic product, personal disposable income and unemployment rates, here’s a look at the 2013 economic forecast:

  • United States real GDP growth: 2.0%
  • Canada’s real GDP growth: 2.0%
  • Canada’s disposable income growth: 3.6%
  • Average household debt (including mortgages): $114,400
  • Province with the strongest economic growth: Alberta (+2.8%)
  • Province with the weakest economic growth: New Brunswick (+1.4%)
  • Province with the highest unemployment rate: Newfoundland & Labrador (12.1%)
  • Province with the lowest unemployment rate: Saskatchewan (4.5%)
  • Province with the strongest foodservice sales growth: Saskatchewan (+5.3%)
  • Province with the weakest foodservice sales growth: New Brunswick (+2.5%)
  • Province with the highest per capita foodservice sales: Alberta ($2,030)
  • Province with the lowest per capita foodservice sales: Manitoba ($1,290)

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