Question: Based on the information in the two tables below, calculate the Actual Sales Index (ASI) and the Spending Potential Index (SPI) for clothing and accessories

Based on the information in the two tables below, calculate the Actual Sales Index (ASI) and the Spending Potential Index (SPI) for clothing and accessories stores stores in the Phoenix-Mesa-Scottsdale, AZ metro area.

Census Bureau data are as follows:

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Geographic Area Name 2017 NAICS code Meaning of 2017 NAICS code Year Number of Establishments Sales ($1,000) Annual Payroll ($1,000) First Quarter Payroll ($1,000)
United States 448 Clothing and accessories stores 2017 143,261 $256,807,067 $32,185,817 $773,536
Phoenix-Mesa-Scottsdale, AZ Metro Area 448 Clothing and accessories stores 2017 1,714 $3,351,779 $4,258,257 $102,077

Bureau of Labor Statistics data are as follows:

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Item All consumer units in the United States All consumer units in the West Los Angeles San Francisco San Diego Seattle Phoenix
Number of consumer units (in thousands) 130,720 28,992 6,605 1,856 1,147 1,872 1,279
Apparel & services $1,850 $2,059 $2,089 $2,134 $2,582 $3,155 $2,120

Please calculate the ASI and SPI (answer should be two decimal places):

ASI =
SPI =

You calculated the ASI/SPI, do your results suggest leakage or inflow of purchasing power? Explain what might influence the decision for shoppers, and what it means in terms of real estate potential.

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