Taxable Sales Index 2013-04-01 to 2013-04-30

Economic Indicator: 
Taxable Sales Index
Release Date: 
Tue, 07/09/2013
Coverage Start: 
Mon, 04/01/2013
Coverage End: 
Tue, 04/30/2013

Current: 100.17
Previous: 100.76

Florida’s index of retail activity – created using data from taxable sales –fell 0.59% from March but grew 3.01% from a year ago in April. Prior to adjusting for inflation, for which the Consumer Price Index (CPI) is used, the retail index lost 0.95% from March and grew 4.15% from April 2012. Of the six spending categories reported, five saw month-over-month losses ranging from 18.89% (tourism) to 1.96% (business). Spending on construction was the only category to report an increase from the previous month of 6.32%. When compared to a year ago, all categories reported gains from 18.57% (construction) to 0.98% (nondurables). However, spending on construction and business is not included in the index. Overall, sales in Florida fell 10.43% from the month prior, but increased 6.17% from a year ago. Of Florida’s 22 metropolitan statistical areas (MSAs), Lakeland/Winter Haven had the greatest month-over-month growth, at 2.12%, and Naples reported the greatest year-over-year growth, at 7.74%. The majority of MSAs reported long- and short-term growth.