Arkansas Taxable Sales Up in 4Q

Arkansas’ taxable sales rose a seasonally adjusted 0.4 percent in the fourth quarter of 2016 and were up 1.8 percent compared with a year earlier. That’s according to Michael Pakko, chief economist at the Institute for Economic Advancement at the University of Arkansas at Little Rock.

Both Arkansas taxable sales and Arkansas taxable sales including gasoline “declined during the first half of 2016, but recovered lost ground in the third and fourth quarters,” Pakko said on his Arkansas Economist blog. “On average, 2016 was a year of slowing growth in taxable sales.”