Leon County March Taxable Sales Increase, Annual Growth Rate Improves

The most recent information from the Florida Department of Revenue shows that consumer spending in Leon County-as measured by taxable sales- was up in March by 5.1% when compared to spending one year ago. In absolute terms, spending in Macrh 2018 was up $17.5 million to $360.1 million. These numbers are preliminary and are subject to revisions.

At the state level, Florida experienced a 3.0% increase in March spending when compared to last year.

The Taxable Sales Report below shows that Leon county’s aggregate spending over the last 12-months ($4.429 billion) as of March 2019 was 4.5% greater than the aggregate 12-month spending reported in March 2018 ($4.205 billion).

At the state-level, annual spending as of March 2019 increased 5.4% when compared to annual spending one year ago.

The chart below compares the change in aggregate spending for the previous 12-months in Leon county for each year since 2015 with the statewide numbers.

For Leon county, the 2019 growth in taxable sales (4.5%) is significantly ahead of the 12-month growth rate for the same period during 2018.

The chart shows that the current annual growth rate over the last 12 month period is higher than the growth rate during comparable periods in 2015, 2017, and 2018.

At the state-level, taxable sales growth for the last 12-month period (5.4%) is currently exceeding the 12-month growth rate reported one year ago (4.7%).

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