Archive for September, 2010

Tampa Bay Economic Indicators and Trends (First Six Months 2010)

Some highlights from the latest Tampa Bay Economic Indicators Report published by Florida Communications Group Research:

  • Unemployment rates continue to be high in the Tampa Bay market – ending the second quarter with a 12.1% rate – higher than the national unemployment rate of 9.6%.

  • Total home sales for the first six months of 2010 were up by 14.3% in Hillsborough County.
  2010 2009          Percent
January 887 832 6.6%
February              1,068                 951 12.3%
March              1,385              1,211 14.4%
April              1,488              1,226 21.4%
May              1,462              1,267 15.4%
June              1,678              1,487 12.8%
Total             7,968             6,974 14.3%

  • New auto sales showed positive signs of improvement and were up by 14.0% in the Tampa DMA and 14.1% in Hillsborough County.
  2010 2009               Percent
January 22,079 29,145 -24.2%
February 24,689                30,806 -19.9%
March 41,656                33,479 24.4%
April 30,074                31,483 -4.5%
May 29,730                27,430 8.4%
June 36,316               30,599 18.7%
TOTAL 184,544 182,942 0.9%

  • Taxable retail sales – a major barometer in measuring consumer spending – were down 0.7% in the Tampa DMA and by 1.4% in Hillsborough County. However, one positive note was that retail sales from March through June were starting to level off, indicating that sales may finish the year flat compared to 2009.

September 14, 2010 at 9:39 AM 1 comment


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