Leon County July Annual Growth Rate of Consumer Spending Comes in at 3.4%

The most recent information from the Florida Department of Revenue shows that consumer spending in Leon county was up in July by 2.7% when compared to spending one year ago. In absolute terms, spending in July 2017 was up $18.8 million, to $721.1 million.

At the state level, Florida experienced a 5.7 % increase in July spending when compared to last year.

At the national level, Bloomberg reported that U.S. consumer spending increased by less than estimated in July, though rising incomes and an upward revision to June purchases put the economy on a stable footing for the second half.

The Gross Sales Report below shows that Leon county annual growth in spending in June has increased 3.4% when compared to annual spending one year ago.

At the state-level, the annual rate of spending came in at 4.6% above the annual spending reported one year ago.

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

Since a significant decrease in 2015, spending has trended up during this time period in 2016 and 2017. So far in 2017, consumer spending is up 2.9% over the first six months of last year.


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