Key Economic Indicators for Tampa Bay Market – December 2009
The Florida Communications Group Research Department tracks key economic indicators for the Tampa Bay market. Highlights from the December 2009 report include:
- Unemployment Rates – unemployment continues to be high in the Tampa Bay market – ending the year with a 12.4% rate (higher than both Florida 11.8% and the US 10.0% unemployment rates).
- Home Sales – continue to show signs of improvement and were up 27.7% in Hillsborough County compared to 2008. Sales continue to be driven by low interest rates and lowered home prices.
- New auto sales were down by -25.4% in the Tampa DMA and by -29.0 in Hillsborough County. However new auto sales were up for the months of November and December of 2009 also showing some signs of improvement.
- Taxable retail sales (for the first 9 months of 2009 – most current available) were down by -12.9% in the total Tampa DMA and by -13.6% in Hillsborough County compared to the same period of 2008.
Entry filed under: Market Conditions.