Consumer Spending Down in October, Still Up for the Year

The most recent information from the Florida Department of Revenue shows that consumer spending in Leon county was down in October by 3.5% when compared to spending one year ago. In absolute terms, spending in October 2017 was down $24.6 million, to $681.2 million.

At the state level, Florida experienced a 1.9% decrease in October spending when compared to last year.

The Gross Sales Report below shows that Leon county annual growth in spending in October has increased 2.7% when compared to annual spending one year ago. At the state-level, the annual rate of spending came in at 4.8%.

The chart below compares gross sales for the first ten months of each year since 2012.

Since a decrease in 2015, spending has trended up during this time period in 2016 and 2017. So far in 2017, consumer spending is up 2.1% over the first ten months of last year.

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