Bentonville Leads the Pack in Arkansas Tech Business Index

by Lee Hogan  on Tuesday, Apr. 29, 2014 1:14 pm  

Bentonville maintained its position with the highest index rating of 16 municipalities in Arkansas, in addition to showing the greatest gain from December, according to data compiled from January by the Arkansas Tech Business Index.

The index, known as ATBI, was introduced earlier this month, and includes monthly data for 16 selected Arkansas communities from 2009-2013. Arkansas Tech will update the index on a monthly basis and provide analysis each quarter. The ATBI includes a labor index, housing market index, construction index and retail sales index. 

The 16 municipalities selected are Bentonville, Conway, El Dorado, Fayetteville, Fort Smith, Hot Springs, Jonesboro, Little Rock, North Little Rock, Pine Bluff, Rogers, Russellville, Searcy, Springdale, Texarkana and West Memphis.

With it, Arkansas Tech hopes to provide a snapshot of economic activity in the state.

Bentonville saw an increase of 3.2 points in January compared to numbers in December 2013. The city's rating came in at 108.58, and was one of six, or 37.5 percent of the 16 municipalities, with a rating above 100 in January.

The index is based on 100. A city above that rating shows the city is doing better than the state average from 2009 to present. 

Other cities above 100 in January were Rogers, 103.73, Fayetteville, 103.55, Springdale, 102.33, North Little Rock, 100.27, and Conway, 100.01.

Springdale, with a gain of 0.3 points, was the only other city to see an increase from its December numbers. 

Of the cities still above 100, Conway saw the largest drop between December and January, dropping 2.08 points from a 102.09 rating in the last month of 2013.

Four cities — Fort Smith, Hot Springs, Jonesboro and Little Rock — all dropped below a 100 rating in January after posting an index rating above 100 in December.

Overall, West Memphis, 4.28 points, saw the biggest decline, falling from 97.66 in December to 93.38 in January. Searcy had the lowest index rating at 85.64, down 2.92 points from December.

2013 Fourth-Quarter Numbers 

 

 

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