(Atlantic) A recent 2012 Retail Trade Analysis Report shows Carroll and Cass top the list among 43-Iowa counties in their peer group.
The report examines local retail sales and related economic trends in each county using a variety of comparative performance measures.
In fiscal year 2012 Carroll County ranked first in per capital sales at $13, 691, for a population of 20,798. Cass County was second at $10,040.00 with a population of 13,873.
“The primary ingredient for these reports is the annual sales and use tax reports that are compiled and published by the Iowa Department of Revenue,” Stated Liesl Ethington, Assistant Scientist in the Department of Economics at Iowa State University. “And they provide us with information about sales tax collections for cities and counties across the state of Iowa.”
Ethington says a counties retail sales performance is used as a diagnostic tool. “So instead of thinking about the retail sector driving the economy, it’s really more of an indication of the general health of the region,” said Ethington. “So we find the retail performance to be very useful in giving us a sense of how local households are doing, and what is the level of economic strengths or stress in a particular region.”
And she adds it gives them a really good sense of comparing one place to another. “For instance, where are the regional driving economies located within the larger regions,” said Ethington. “So that is why we can identify Atlantic as a regional trade center.”
Both Carroll and Cass counties ranked ahead of Sioux, Kossuth, Union, Winneshiek, Palo Alto, Jefferson, Cherokee, and Hardin Counties that rounded out the top ten in the state.
Adair County came in at $7,568 per capita, but showed a 10.1% increase from 2011-2012, which ranked highest among counties in the listening area. Shelby Counties retail sales per capita came in at $7,183, Montgomery, $7,255, Adams, $6,583, Audubon, $5,663, and Guthrie County at $5,619.00.
March 26, 2013