The most recent information from the Florida Department of revenue shows that consumer spending in Leon County-as measured by taxable sales- was down in May by 29.3% when compared to spending one year ago. In absolute terms, spending in May 2020 was down $113.1 million to $272.9 million. These numbers are preliminary and are subject to revisions.
At the state level, Florida experienced a 31.1% decrease in May spending when compared to last year.
The Taxable Sales Report below shows that Leon county’s aggregate spending over the last 12-months ($4.414 billion) as of May 2020 was 1.7% less than the aggregate 12-month spending reported in May 2019 ($4.489 billion).
At the state-level, annual spending as of May 2020 increased 0.3% when compared to annual spending one year ago.
The chart below compares the change in aggregate spending for the previous 12-months in Leon county for each year since 2016 with the statewide numbers.
For Leon county, annual taxable sales is down -1.7% when compared to the May 2019 level. Last year at this time, taxable sales had an annual growth rate of 5.7%.
At the state-level, taxable sales growth for the last 12-month period (0.3%) is significantly less than the 12-month growth rate reported one year ago (6.8%).