Tampa Bay Economic Indicators Update – September 2009
Each month, the FCG Florida Research Group compiles a report looking at key economic indicators for the Tampa Bay market. Here are some highlights of the September 2009 report:
Unemployment continues to be high in the Tampa Bay market. Unemployment rates ended the 3rd quarter with an 11.7% rate (higher than both the Florida 11.0% and US 9.8% unemployment rates).
Home sales are showing signs oif improvement and were up 26.5% in Hillsborough County for the first nine months of 2009 compared to the same period of 2008.
Number of Homes Sold in Hillsborough County
Automotive sales were down 29.9% in the total Tampa DMA and down 33.6% in Hillsborough County alone.
Total Auto Sales (Tampa-St. Petersburg DMA)
- Taxable Retail sales (for the first six months of 2009 – most current data available) were down by 15% in the market compared to the same period of 2008.
Entry filed under: Market Conditions.