The rate of decline in Sales and use tax collection paused in September after declining sharply in August. Using a weighted composite for the four largest states (California, Texas, New York, and Florida), the decline in real growth rose slightly to an annual decline rate of -3.28% in September which was up from the rate of -3.59% in August. Texas grew at a rate of 3.87% after adjustments for inflation in September down from 4.06% in August. This is down from the hot pace of 8.37% it averaged for 2007. New York declined at a annual rate of -2.98%. California's decline was at -5.52% in September. California declined on average of -2.03% in 2007. Florida continued its steady fall, declining -8.98% in September. The growth rate in Florida has been lower than the previous month for 23 months straight. Florida averaged a decline of -2.70% in 2007.
Sphere: Related Content
No comments:
Post a Comment