Arkansas Tech College of Business
Arkansas Tech Business Index
Sponsored by Arvest

The ATBI shows the level of economic activity at a monthly level for each of 16 select Arkansas cities. Higher readings indicate stronger economic performance relative to lower readings. The index is based around 100. A city reading above 100 indicates that the city is currently doing better than the state average from 2009 to the present. Many cities above 100 indicate overall strong statewide performance relative to the recent past. The Index is a compilation of labor market data, real estate data, construction data, and retail sales. These four component indices are available for each city by clicking on the city name. We strive to collect and communicate data in a way that allows you to analyze statewide performance. The full ATBI database is available for download below.

The ATBI was developed, as a student project, funded by the LeMoyne and Selma Smith Research Scholarship, under the direction of Dr. Marc Anthony Fusaro. The student, Jacob Brown, was the winner of said scholarship for both semesters in 2013, and is a May 2014 graduate of the economics and finance program at Arkansas Tech University, College of Business.

 
  • April 2014
  • 1st Quarter 2014
  • Year 2013

ATBI Infographic - Data available by download West Memphis North Little Rock Little Rock Pine Bluff El Dorado Hot Springs Texarkana Russellville Fort Smith Fayetteville Springdale Searcy Jonesboro Conway Bentonville Rogers

 

  Arkansas Tech Business Index Value Change from Proceeding Months
City February March April March April
Bentonville 105.8 104.48 102.92 -1.32 -1.56
Conway 102.87 102.89 102.02 0.02 -0.87
El Dorado 94.54 93.68 93.79 -0.86 0.11
Fayetteville 105.42 105.82 104.82 0.4 -1
Fort Smith 105.98 108.59 106.99 2.61 -1.6
Hot Springs 100.97 101.21 99.41 0.24 -1.8
Jonesboro 101.78 100.13 100.83 -1.65 0.7
Little Rock 99.47 98.48 99.24 -0.99 0.76
North Little Rock 95.7 95.42 95.49 -0.28 0.07
Pine Bluff 92.67 91.96 91.67 -0.71 -0.29
Rogers 105.12 105.93 104.53 0.81 -1.4
Russellville 98.66 96.55 97.38 -2.11 0.83
Searcy 101.03 100.07 99.94 -0.96 -0.13
Springdale 104.81 104.79 104.04 -0.02 -0.75
Texarkana 94.77 94.74 92.36 -0.03 -2.38
West Memphis 94.92 93.43 92.3 -1.49 -1.13

ATBI Infographic - Data available by download West Memphis North Little Rock Little Rock Pine Bluff El Dorado Hot Springs Texarkana Russellville Fort Smith Fayetteville Springdale Searcy Jonesboro Conway Bentonville Rogers

 

  Arkansas Tech Business Index Value Change from 3 Months Prior
City Quarter 3 Quarter 4 Quarter 1 February March April
Bentonville 105.43 105.35 105.78 0.31 -0.43 -4.13
Conway 103.13 103.45 102.8 1.29 -2.66 -0.61
El Dorado 94.73 95.74 94.09 -0.79 -2.53 -0.26
Fayetteville 105.72 105.64 105.64 0.13 -0.53 -0.87
Fort Smith 109.56 106.64 106.33 -1.55 1.14 2.58
Hot Springs 100.6 100.24 101.34 1.45 0.35 -2.43
Jonesboro 101.42 102.18 100.69 -0.32 -2.79 0.66
Little Rock 94.66 98.74 99.29 2.19 -2.82 -0.67
North Little Rock 95.09 95.94 96.06 0.87 -1.9 -1.57
Pine Bluff 92.8 93.1 92.12 0.58 -2.66 -0.05
Rogers 104.52 105.41 105.66 -0.5 -0.01 -1.41
Russellville 100.03 97.91 97.52 0.38 -1.35 0.04
Searcy 102.55 102.04 100.63 -0.27 -2.13 -0.85
Springdale 104.16 104.37 104.82 1.68 0.17 -0.82
Texarkana 94.5 94.8 94.09 -0.21 0.71 -0.41
West Memphis 96.02 95.57 94.09 0.25 -3.45 -1.61

ATBI Infographic - Data available by download West Memphis North Little Rock Little Rock Pine Bluff El Dorado Hot Springs Texarkana Russellville Fort Smith Fayetteville Springdale Searcy Jonesboro Conway Bentonville Rogers

 

  Arkansas Tech Business Index Value Change from 12 Months Prior
City 2011 2012 2013 February 13 March 14 April 14
Bentonville 107.57 106.17 106.2 1.36 -2.04 -5.06
Conway 103.64 103.55 103.64 0.5 -1.54 -1.28
El Dorado 95.16 94.82 94.74 -1.43 0.45 1.33
Fayetteville 106.04 105.58 105.66 -2.12 -0.55 1.15
Fort Smith 106.09 106.81 107.14 -0.9 -0.09 2.48
Hot Springs 100.44 100.79 100.34 0.64 0.86 -0.75
Jonesboro 103.21 101.76 101.48 -0.78 -0.52 -1.04
Little Rock 92.59 94.17 96.08 0 -1.46 4.99
North Little Rock 97.36 96.2 95.77 -3.22 -1.13 1.68
Pine Bluff 92.45 93.22 93.14 2.65 -0.43 -3.9
Rogers 106.02 104.88 104.94 0.55 0.74 -0.09
Russellville 99.65 98.79 98.84 0.28 -1.74 -0.93
Searcy 102.28 101.74 101.92 1.05 -0.56 -2.33
Springdale 105.14 104.29 104.22 -0.7 0.63 1.47
Texarkana 95.44 94.81 94.72 -1.43 -1.3 -0.62
West Memphis 94.65 95.29 95.28 -0.83 -1.06 -1.53
NOTE: Each month when new data is available, we rerun the ATBI model. Therefore, in general we should not expect the March reading in this April ATBI release to exactly match the March reading in the March ATBI. While the underlying data for March has not changed, the baseline has shifted, and therefore the March index values have changed.
 
Marc Fusrao, Ph.D.
Marc Fusaro, Ph.D.
Associate Professor of Economics

1st Quarter Insights

Fort Smith came on strong in the first quarter ATBI. This strength is lead by the retail sector which is always strong for Fort Smith, having an ATBI Retail Sales index value of 116.7 in the first quarter. Helping to drive the strong showing is a drop in the unemployment rate to 6.5% in March from an average of 7.5% in 2013. In construction February and January were slow months for Fort Smith with index readings below 100, but March was a strong month at 104.3. This is due to two big projects being permitted in March, the $2.3 million Marcy Clinic and the $13.3 million Mill Creek Wastewater Pump Station. Fort Smith was also the most improved for the first quarter with a gain of 0.98 in March compared to December.

While Fort Smith leads the first quarter Index at 106.3, The cities of Northwest Arkansas are not far behind with index values of about 105. In central Arkansas, Conway had the strongest showing at 102.7. Overall, there were more decliners (12) from December to March than there were advancers (4). The four advancers were Fort Smith (0.98 points), Texarkana (0.67), Hot Springs (0.18), and Springdale (0.04).

 

Column Definitions of Full Data Set
Download Full Data Set
Documentation

Contact us at ATBI@atu.edu

 


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