Friday, April 30, 2010

April data shows new year sales plunge in Marin

Last month's reading of the retail sales tax data suggested that Marin retail sales had finally turned the corner. But April's data suggests the recovery might instead have been nothing more than a dead cat bounce.
The total value of the 1% sales tax allocated to Marin's cities in April sank to just over $1.6 million, or 16.9% lower than April 2009. April's allocations represent retail sales tax collected in the first weeks of the new year and the total is the lowest monthly allocation so far in the Great Recession.

No comments: