The Tallahassee Economic Index (TEI) rose 1.67 points to 48.67 in May, following a 11.48 point decrease in April and a 11.71 point increase in March.
Says Brett F. Ewing, Founder of the Tallahassee Economic Index:
“Even though the rebound in the overall Index was more muted than we would have liked, the indicator we use the most, Initial Claims for Reemployment Assistance, experienced a large spike downwards as less people got laid off from work on a monthly and year over year basis. The continued move down in that data point would create the stabilization we are looking for in the local economy.”
“After a long stretch of sub-par housing numbers we finally had a decent month as realtor sales and average home sales prices rose nicely and looks to be headed towards a normalization of slower, but steady growth.” says Lance Mitchell, Director of Research at the TEI. “The one area of housing that continues to worry is lumber as we are seeing a slump in prices nationally and a slowdown in demand locally. These issues could be a negative indicator for new construction, and definitely something to keep an eye on in upcoming reports.”
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.
Initial Unemployment Claims
Average Home Sales Price
Realtor Sales Counts
Graphic Arts, Printing and Publishing
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.
The Tallahassee Economic Index, First Franklin Financial Services and Centaurus Financial Incorporated are not affiliated companies.
Copyright © 2023 Tallahassee Economic Index C/O First Franklin Advisors, LLC
Site Design By OCCS