The most recent reading from the Tallahassee Economic Index shows a downward trend for the month of May. Although the index fell slightly, officials say there are bright spots.
The Tallahassee Economic Index combines data from businesses throughout the city to create a picture of the local economy. According to Index founder Brett Ewing, the city’s economy is still growing, but isn’t accelerating quite as fast as it did in April.
Ewing is hanging his hopes on the housing market, which he thinks may bring faster growth in the coming months.