Tuesday, January 31, 2012

Biz Barometer

Pekin’s sales tax collected for 12 months ending in November (disbursed by State in January) up 1.5% over previous 12 month period ending in  November 2010
Morton’s sales tax collected for 12 months ending in November up 6.7% over previous 12 month period
East Peoria’s sales tax collected for 12 months ending in November up 8.2% over previous 12 month period
Washington’s sales tax collected for 12 months ending in November up 4.5% over previous 12 month period
East Peoria’s sales tax collected in October and November up 31.2% over the same two months in 2010
Number of residential units sold in 61554 zip code in 2011 down 6.4% compared to 2010
Average sales price of residential units in Pekin ($104,808) in 2011 down 4.7% compared to 2010
Total homes sold in Pekin (427) in 2011 continued the downward trend.  Total sales were 710 in 2006 and have dropped each year since.
Excel Foundry & Machine announced a $15 million dollar expansion, plans to hire 100 new employees over the next year, and nearly $2.5 million improvements to area roads
The Consumer Price Index for All Urban Consumers (CPI-U) was unchanged in December on a seasonally adjusted basis.  Over the last 12 months, the all items index increased 3.0% before seasonal adjustments.
Sources:  Illinois Department of Employment Security; Illinois Department of Revenue; Peoria Area Association of Realtors; Bureau of Labor Statistics

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