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 September by 8.2% when compared to spending one year ago. In absolute terms, spending in September 2020 was down $31.4 million to $353.6 million. These numbers are preliminary and are subject to revisions.
At the state level, Florida experienced a 6.1% decrease in September spending when compared to last year.
The Taxable Sales Report below shows that Leon county’s aggregate spending over the last 12-months ($4.287 billion) as of September 2020 was 6.7% lower than the aggregate 12-month spending reported in September 2019 ($4.597 billion).
At the state-level, annual spending as of September 2020 was 4.4% lower than 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.
The chart shows the impact of the COVID-19 pandemic on the annual growth rate over the last 12 months in Leon County. The chart also shows, that as of the September report, the impact in Leon County is greater than the impact state-wide.
For Leon county, the 2020 decline in taxable sales (-6.7%) is significantly behind the 12-month growth rate for the same period during 2019 and is greater than the 4.4% state-wide decline during this period.