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Chart of the week

Fidelity Active Investor
– 10/11/2018

A growing hunger

Spending at US restaurants surged over the past 3 months by the most on record, making it both a bright spot for the economy and a risk for restaurants and related companies if appetites for eating out weaken. Sales at food service and drinking establishments rose 1.3% in July to $61.6 billion, the Commerce Department reported. That brought the 3-month annualized gain to 25.3%, the fastest pace since the early 1990s.

Sources: Bloomberg, U.S. Commerce Department.

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