In January, Cochise County’s retail and accommodation sales were down, while restaurant and bar sales were up, compared to January last year. Retail sales in January were down 7.9 percent after the inflation adjustment. Sales have been down in 10 of the most recent 16 months for which data are available, and have been down in 3 of the past 5 months.
|
|
Despite the poor performance in retail and accommodation sales, countywide restaurant and bar sales were up 2.7 percent in January, the third consecutive month of growth. Sales have been up in 4 of the most recent 5 months.
Retail sales in Bisbee were down 0.5 percent in January compared to January 2010. Despite the decline, sales have been up in 2 of the most recent 3 months.
Bisbee’s restaurant and bar sales were up 16.5 percent in January, the third month of growth following 3 months of decline. Bisbee’s accommodation receipts were up 11.7 percent in January, the first month of growth following 6 months of decline.
In Douglas, restaurant and bar sales were down 4.5 percent in January, following 3 months of growth. Sales have been up down in 4 of the most recent 7 months.
Retail sales are not reported for Douglas due to the city’s two-tiered tax system, which precludes accurately estimating sales based on tax collections. Retail sales tax revenue for sales occurring in January, however, was up 4.9 percent (unadjusted) compared to January a year ago. Accommodation sales data are not available for Douglas.
Robert Carreira, Ph.D. is director of the Center for Economic Research at Cochise College. If you have any questions on the economy, please contact the CER at (520) 515-5486 or by email at cer@cochise.edu. Check out the CER’s website at www.cochise.edu/cer.
Comments