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Consumer and business spending continues to rise in East Baton Rouge | Business – New Orleans, Louisiana

New Orleans, Louisiana 2021-10-12 18:04:00 –

Private consumption and corporate spending in the East Baton Rouge Parish continued to be strong in July, up 13.4% year-on-year.

Nearly $ 935.1 million was spent in the parish during July, according to figures released on Tuesday. City Parish Treasury Department. This is compared to the $ 824.3 million spent in July 2020 after the state’s stay-at-home order was lifted.

As a pre-pandemic comparison, the parish as a whole spent $ 796.6 million in July 2019.

Car sales in July increased even further, rising 23.3% from $ 77 million to $ 95 million.

Spending in all categories increased compared to 2020. Retail and grocery sales, which account for more than 52% of all parish activities, increased 13.1%. 27.3% at restaurants and bars. And service, 6.1%. Manufacturing, an unstable category that could be affected by the purchase of high-value equipment, increased 10.1% year-on-year in July.

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Within the city limits, spending increased by 22.5% from July 2020 to $ 559.7 million. That’s about $ 440 million in annual spending.

The increase in spending in the parish was small. Spending in July was $ 375.4 million, an increase of 2.1% from July 2020, when $ 367.6 million was spent in the region.

The amount of sales tax collected in July was $ 18.7 million, but it was close to $ 16.5 million in July 2020.

In the first seven months of this year, nearly $ 6.3 billion was spent in the parish, up 15.4% from the $ 5.4 billion spent by July 2020. Nearly $ 3.7 billion was spent in the city area, and nearly $ 3 billion was spent in the first seven months of 2020. In the parish, spending increased 7.1% from $ 2.4 billion to $ 2.6 billion.



Consumer and business spending continues to rise in East Baton Rouge | Business Source link Consumer and business spending continues to rise in East Baton Rouge | Business

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