Taxable Sales Up 0.9% in April, Annual Pace 1.2%

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 April by 0.9% when compared to spending one year ago. In absolute terms, spending in April 2018 was up $3.60 million to $388.7 million. These numbers are preliminary and are subject to revisions.

At the state level, Florida experienced a 7.3% increase in April spending when compared to last year.

The Taxable Sales Report below shows that Leon county’s aggregate spending over the last 12-months ($4.242 billion) as of April 2018 was 1.2% greater than the aggregate 12-month spending reported in April 2017 ($4.193 billion).

At the state-level, annual spending as of April 2018 increased 4.93% 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 2014.

The growth in taxable sales is currently lagging behind previous years. The chart shows that the growth in taxable sales (1.2%) over the last 12 month period has been slower than during comparable periods in 2014, 2015, 2016 and 2017.

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