Forecast: Holiday spending in Alabama to closely match last year

By: Alabama Retail Association

Holiday spending in Alabama should be on par with or slightly under last year – $18.5 billion, the Alabama Retail Association predicts.

Alabamians spent 2.8% more during November and December 2023 than they did during the same period in 2022. For all of 2023, Alabama retail sales grew 3.42%.

For the first eight months of 2024, taxed sales in Alabama declined slightly more than 0.5% compared with January to August 2023, based on Alabama Revenue Department abstracts. A 1% reduction in the tax rate on food starting September 2023 accounts for that slight year-over-year decline in sales tax collections. That puts overall sales about level with 2023.

The Alabama Weather Blog is pleased to present an excerpt from a featured article in partnership with the Alabama News Center. For the full post including images, videos, and related links, please visit the article HERE.

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