2022 E-Insights Report

Key Insights on the Impact of COVID-19 on the Economy

Consumer spending in the Tampa Bay MSA improved significantly after a drop in April 2020. Consumer spending in the Tampa Bay region in October 2021 is 126 percent of what it was in January 2020.

All the MSAs, including Tampa Bay, suffered a significant drop in local commerce activity in the month of April 2020. However, the MSAs have recovered gradually, despite a slight drop in June 2021.

Unemployment concern peaked in the month of April 2020 for all the MSAs and has been declining ever since.