According to a May survey of business contacts, 69 percent expect economic conditions in 2016 will be about the same as last year, an improvement from three months earlier, when a little less than half expected conditions to worsen.
The residential real estate market in Little Rock strengthened in the first quarter of 2015. Year-to-date home sales increased 8.5 percent and prices increased 2.5 percent from one year ago. Realtors from the area noted that existing homes have been selling fast with multiple offers.
Arkansas banks continued to outpace its fellow banks in the Eighth District and peer banks across the country in the second quarter, according to the latest numbers from the Federal Reserve Bank of St. Louis' Burgundy Book.
Following the national trend, Arkansans lowered their mortgage and credit card debts while auto loans continued to rise in the second quarter, according to the Federal Reserve Bank of St. Louis' Burgundy Book.
The manufacturing sector saw considerable growth in Arkansas in the second quarter, up 1.4 percent from a year ago, while transportation saw a slight increase, 0.1 percent, according to the latest numbers from the Federal Reserve Bank of St. Louis' Burgundy Book.