As noted in a recent post announcing Arkansas Taxable Sales for the first quarter of 2010, the initial data are preliminary until after more detailed statistics are published by the Department of Finance and Administration (DF&A). With the release of Arkansas Fiscal Notes for April 2010, revised figures are now available.
The final data show a slightly smaller sales figure for the first quarter, with a downward revision amounting to only 0.25 percent. The final data still show a strong gain in the 2010:Q1, up 2.1% (seasonally adjusted). This follows a 1.0% gain in the fourth quarter of last year.
The release this morning of the monthly general revenue report for May also provides information to update the monthly series with preliminary data for April 2010. These estimates show that Arkansas Taxable Sales in April were up 1.7 percent from March (seasonally adjusted). Although these data are based on preliminary and incomplete information, it would appear that retail sales were off to a strong start in the second quarter of 2010.
Updated and revised data are available in Excel spreadsheet form by clicking here.