July 2013 Press Release


August 30, 2013

FOR IMMEDIATE RELEASE CONTACT:

Chelsea Gold
(850) 422-7742
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Tallahassee Economic Index Press Release

The Tallahassee Economic Index (TEI) fell 7.33 points in July to 68.58, following a 15.75 point increase in June, and a 1.25 point drop in May.

Says Brett F. Ewing, Founder of the Tallahassee Economic Index:

“In July we had a large spike in the amount of initial claims for reemployment assistance, which is one of our favorite leading economic indicators. Normally this big of an increase would be a warning sign for the economy, but the data for this figure has been especially choppy lately, so we will wait for a more clearly defined trend before we call it a signal.”

 “The number of construction permits—which is the most leading indicator in that sector—saw a sharp drop on a monthly and yearly basis” says Lance Mitchell, Director of Research at the TEI. “This is something we are also seeing on a national basis, and if sustained, could bring down other areas that use new construction for growth such as lumber, furniture, and household appliances.”

TEI Mission: To establish an index that tracks and predicts economic growth in the city of Tallahassee. This will be accomplished using data collected from official sources in Leon County.

The components of the TEI include:

Initial Unemployment Claims

Office Supplies

Lumber

Building Permits

Average Home Sales Price

Realtor Sales Counts

Shoe Stores

Advertising

Home Furniture

Graphic Arts, Printing and Publishing

Household Appliances

Apparel

Airport Traffic

Pawn Shops

Drinking Establishments


About the TEI

Powered by First Franklin Financial Services, the TEI tracks and predicts economic growth in the city of Tallahassee, Florida. This is accomplished using data collected from official sources throughout Leon County. More info at TallahasseeEconomicIndex.com.

CONTACT

  • Tallahassee Economic Index
  • 2528 BARRINGTON CIRCLE #1
  • TALLAHASSEE, FL 32308
  • Phone:
    (850) 422-7724
  • Fax:
    (850) 422-7736

The Tallahassee Economic Index, First Franklin Financial Services and Centaurus Financial Incorporated are not affiliated companies.

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