Positive sales data for Ark. | Arkansas Blog

Monday, May 10, 2010

Positive sales data for Ark.

Posted By on Mon, May 10, 2010 at 10:01 AM

When Gov. Beebe announced a drop in state tax revenue and the need for use of reserve money to meet budget, some contrary signals were noted, including a rise in state sales tax revenue.

UALR's Institute for Economic Advancement has crunched the numbers further and concludes there was a 2.4 percent increase in taxable sales in the first quarter of the year.

Dr. Michael Pakko, chief economist and state economic forecaster for the IEA, interpreted the rise as a significant sign of economic recovery.
 “With two consecutive quarterly increases, this is a clear indication that positive growth has taken hold in the Arkansas retail sales sector,” he said. “Mirroring similar gains that we’ve seen in statistics for retail sales nationwide, this information confirms recent trends suggesting that Arkansas is firmly back in the expansion phase of the business cycle.”

Sign up for the Daily Update email


Showing 1-1 of 1

Add a comment

Subscribe to this thread:
Showing 1-1 of 1

Add a comment

More by Max Brantley

  • We have met the enemy: The open line

    The open line with a dose of Trump and other unhappy news.
    • Jul 15, 2018
  • Welcome to the United States, children

    Recommended reading: The New York Times' report on the conditions for the hundreds of children being held in detention since they arrived at U.S. borders seeking asylum. There are many rules and they included no touching of other children, not even a hug for a little brother or sister.
    • Jul 15, 2018
  • Bills arrive for petition campaigns, including term limits

    Filings are expected next week on the campaigns to put a minimum wage increase and casino gambling expansion on the November ballot. One other campaign reported financial information last week
    • Jul 15, 2018
  • More »

Readers also liked…

  • Women's March planned in Arkansas to mark Trump inauguration

    Speaking of Donald Trump and in answer to a reader's question: There will be a women's march in Arkansas on Jan. 21, the day after inauguration, as well as the national march planned in Washington.
    • Dec 30, 2016
  • LR Police Chief Buckner in running for Charleston, S.C. job

    KATV reports that Little Rock Police Chief Kenton Buckner is one of five finalists for the job of police chief in Charleston, S.C., and will be visit Charleston next week as part of the process.
    • Feb 2, 2018
  • Your daily dose of Jason Rapert

    Sen. Jason Rapert really, really didn't like it when a KATV reporter asked him about the hypocrisy of his political arguments.
    • Feb 4, 2017

Most Viewed

Most Recent Comments



© 2018 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation