The Yelp Economic Average indicates that many business sectors throughout the US are getting a boost.
That's according to data thatThe Yelp Economic Average found that salad restaurants are thriving, while grocery stores are feeling the pinch.for the first quarter of the year found that, after a shaky 2018, the Yelp Economic Average jumped by eight-tenths of a point. It's just a fraction of a point, but it's a bounce-back from the 2.2 point decline that the average saw in the final quarter of 2018.
The Yelp Economic Average also takes into account seasonal fluctuations, business openings and closings, and consumer demand on Yelp. Consumer demand takes into account Yelp user engagement with different businesses, like page views, searches, ratings and reviews, and check-ins. "It's a good sign for the economy and for all the millions of businesses big and small," he said."It shows that, on balance, more businesses are opening and closing relative to previous quarters. On balance, consumers are showing more interest in these businesses."Grocery stores declined by 2.4 points, according to Yelp's data. And Bialik said there's probably a good reason that the business is in for a"struggle.
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