Industry | 2020.02.13
FRANdata Forecasts Franchise Industry Growth Expected to Remain Strong Despite Uncertain Economy
FRANdata, a franchise focused research and advisory firm and the International Franchise Association (IFA) released a report that predicts the franchise industry to continue to ride the economic boom in 2020. The number of franchise establishments is expected to increase by 1.5% to 785,316. Franchise employment is forecast to increase by 2.8% to 8.67 million, adding a total of 232 thousand jobs. Franchise output in nominal dollars is projected to improve by 4.1% to $819.57 billion in 2020.
(PRWeb February 13, 2020)
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