Fort Smith Stays on Top of Arkansas Tech Business Index

by Lee Hogan  on Monday, Jul. 21, 2014 9:42 am  

For the second consecutive month, Fort Smith led the Arkansas Tech Business Index with the highest ATBI value in April.

Fort Smith was driven to the top spot with high marks in retail sales, 112.68, and the housing market, 106.47. It also saw ratings above 100 in the labor market, 103.86, and construction, 103.08.

Fort Smith ranked among the top five cities in three of the four categories. Its highest rating was second in retail. The only category it did not come in the top five was the labor market.

The city saw a decrease of 1.6 points between March and April, however, its 106.99 rating was good enough to best its closest competitors. Fayetteville, 104.82, Rogers, 104.53, Springdale, 104.04, and Bentonville, 102.92, rounded out the top five.

Conway, 102.02, and Jonesboro, 100.83, were the only other cities to be above 100. In all, seven cities saw a rating above 100 in April.

Russellville, 0.83 points, Little Rock, 0.76 points, and Jonesboro 0.70 points, saw the biggest increases from March to April. El Dorado, 0.11 points, and North Little Rock, 0.07 points, were the only other cities to see an increase.

The index, which provides a snapshot of the economic activity in Arkansas, is based around 100. A city above 100 is better than the state average from 2009 to present.

Little Rock came in under the state average in April at 99.24. Behind Jonesboro was Searcy, 99.94, Hot Springs, 99.41, Little Rock, Russellville, 97.38, El Dorado, 93.79, West Memphis, 92.3, and Pine Bluff, 91.67.

To see the complete index, click here.

Labor Market

As in March, Springdale remained atop the labor market index with a 107.17 rating.

 

 

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