Consumer Dining Index drops in July 2024 compared to July 2023
On a year-over-year basis, Restaurant Canada’s Consumer Dining Index (CDI) remains below 2023 levels, at 95.4 in July 2024 compared to 100.0 in July 2023. On a month-over-month basis, the CDI dipped slightly from June’s 95.9 to 95.4 in July. Across all dayparts, Canadians 55 years of age or older made fewer purchases from a restaurant in July compared to last year.
Breakfast saw the largest year-over-year decline in visits of any daypart. In July, 55% of Canadians purchased breakfast from a restaurant at least once, compared to 62% in July 2023. This was due to fewer visits by Canadians 55 and older, and by households with incomes of $50,000 to $100,000.
Looking ahead, the REACT survey indicates that there will be little change in dining intentions for August. View the full report here.
As the Chief Economist and Vice President of Research for Restaurants Canada, Chris Elliott manages and produces a comprehensive research program that has made Restaurants Canada a leading source of information for and about Canada’s $114-billion foodservice industry. Chris tracks and analyzes key industry and economic indicators and translates them into member reports and publications. He also provides research to support Restaurants Canada’s lobbying efforts on issues that affect foodservice operators – from payroll taxes to food costs.
Chris has worked with Restaurants Canada for over 20 years, has a Bachelor of Arts and Master Degree in Economics and specializes in economic modelling and forecasting.
