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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