Wednesday, July 6, 2011

Slow recovery for retail sales in Marin

As the national economy teeters between recovery and falling back into recession, retail sales in Marin continue to show a slow and steady improvement. The 1% retail sales tax distributed to cities in Marin averaged $2.38 million over the three months to June, an increase of 7.6% over the same period in 2010, and 16.5% up on the same period in 2009. The question now is how long will it take retail sales to catch up with the level seen in 2008?

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