Taxable Sales Index 2013-06-01 to 2013-06-30

Economic Indicator: 
Taxable Sales Index
Release Date: 
Wed, 09/04/2013
Coverage Start: 
Sat, 06/01/2013
Coverage End: 
Sun, 06/30/2013

Current: 99.30
Previous: 100.34

Florida’s index of retail activity in June – created using Florida’s taxable sales – fell 1.04% from the month prior and grew 4.73% from a year ago. Before adjusting the index for inflation, using the Consumer Price Index (CPI), the state index lost 0.56% from the previous month and gained 6.57% from a year ago. Of the six spending categories reported, five reported gains from the previous month and all posted gains from a year ago. Automobile sales was the only category to report a monthly loss of 6.83%. Month-over-month gains ranged from 0.80% (construction) to 5.02% (tourism). Year-over-year gains ranged from 4.88% (nondurable goods) to 15.90% (construction). Overall, total spending in Florida increased 2.03% from May and 7.01% from June 2012.  Of Florida’s 22 Metropolitan Statistical Areas (MSAs), month-over-month changes ranged from a gain of 4.35% (Panama City) to a loss of 1.18% (Naples). Year-over-year gains ranged from 8.16% (Cape Coral) to 3.13% (Fort Walton Beach).