Tampa Bay Economic Indicators Update – September 2009

October 21, 2009 at 4:47 PM Leave a comment

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

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).

Unemployment

 

Home Sales

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.

homesales

Number of Homes Sold in Hillsborough County

  2009 2008 +/- Percent 
January 634 565 12.2%
February 796 665 19.7%
March 1,002 849 18.0%
April 992 897 10.6%
May 1,032 942 9.6%
June 1,397 992 40.8%
July 1,459 1,003 45.5%
August 1,299 944 37.6%
September          1,331           1,003 32.7%
Total         9,942          7,860 26.5%

 

Automotive

Automotive sales were down 29.9% in the total Tampa DMA and down 33.6% in Hillsborough County alone.

autosales

Total Auto Sales (Tampa-St. Petersburg DMA)

  2009 2008 +/- Percent 
January 28,971 42,731 -32.2%
February 30,744 40,047 -23.2%
March 33,344 40,771 -18.2%
April 31,479 41,633 -24.4%
May 27,432 38,004 -27.8%
June 30,494 35,612 -14.4%
July 28,517 37,173 -23.3%
August 33,952 29,952 13.4%
September           26,741           33,343 -19.8%
TOTAL 271,674 339,266 -19.9%

 

Retail Sales

  • 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.

retailsales

  2009 2008 Percent 
January $4,402,271,107 $5,254,217,989 -16.2%
February $4,463,249,748 $5,371,595,433 -16.9%
March $4,869,197,677 $5,766,068,917 -15.6%
April $4,427,606,583 $5,276,565,943 -16.1%
May $4,267,100,960 $5,181,432,899 -17.6%
June $4,398,020,482 $4,741,201,459 -7.2%
TOTAL $26,827,446,557 $31,591,082,639 -15.1%
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Entry filed under: Market Conditions.

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