AQUA BOOK 2016 - Page 14

DIVERGING REGIONAL DEVELOPMENTS DIVERGING SOUTH TEXAS ECONOMIES 12 In South Texas, the responses to falling oil prices since mid-2014 have varied widely across the region’s local communities. An exhibit below shows the patterns of business sales activity drawing on sales tax collections of the 41 counties and metro areas in the region beginning in June 2014. All data are scaled in relation to the first month’s data as the benchmarks. The dotted area delineates the spread of the data for the 41 counties over time. South Texas City Sales Trends Their trends beyond year 2015 will depend on how their individual economies will evolve. (3-month moving average) Corpus Christi Brownsville Laredo McAllen San Antonio 150 100 50 Jun Jul | 2014 Aug Sep Oct Nov Dec Jan Feb | 2015 Mar Apr May Jun Jul Aug Sep Oct Nov Dec Source: Texas Comptroller of Public Accounts. The top of the range represents the sales activity for Goliad County, part of the Victoria metro area. Goliad’s sales volume by the end of 2015 was more than 50 percent larger than that in June 2014. At the bottom of the range is Jim Wells County, whose sal