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Restaurant Recovery Begins As Money Spent On Dining Posts First Increase In Weeks
[Zero] Today's -4.8% GDP print was dire, but it would have been even worse had it not been for a spike in discretionary spending as Americans found themselves under house arrest for the second half of March. Given the importance of consumer spending on GDP, we looked at trends in the restaurant space amidst Covid-19 related headwinds, courtesy of Clover data compiled by Morgan Stanley. What we found is that for the first time in weeks there was a clear WoW
...that’s week over week, I believe...
improvement in dining spend, an indication that the worst is over for the restaurant industry.

Here are some observations from the dining trends chart below:
Posted by: Besoeker 2020-05-01
http://www.rantburg.com/poparticle.php?ID=570291