Johnson City MSA leads Aug. Tri-Cities retail sales tax collections


Tri-Cities retail sales tax collection moderated from July levels in August.

Seasonally adjusted data from the MTSU Business and Economic Research Center show August was another roller coaster month for Kingsport-Bristol collections. Instead of leading the region and being among the state MSAs showing the best year-over-year growth it lagged performance in the Johnson City and Knoxville MSAs.

So far this year, Kingsport-Bristol has been among the state leaders for year-over-year increases with double-digit growth. But it has not been able to sustain that pace. The Johnson City MSA has not seen the highs posted by its neighbor to the north. It has posted good monthly gains sans the big swings.

Here’s how Northeast Tennessee MSA look on the year-over-year metric for August:

Knoxville, up 8.2%.

Johnson City, up 5.2%.

Kingsport-Bristol, up 4%.

Morristown, up 3.5%.

The regional continues to see good collections growth following an exceptionally strong second quarter and some softness in the national retail picture that bears watching.

The August collections report can be found at http://capone.mtsu.edu/berc/tacir/summaryindicators.html?LABEL=sales%20tax%20collections%20(thousand%20$).

 

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