Arkansas Tech College of Business
Arkansas Tech College of Business 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.

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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.

 
  • March 2016
  • 1st Quarter 2016
  • Year 2015

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

 

  Arkansas Tech Business Index Value Change from Proceeding Months
City January February March February March
Benton 103.89 103.27 102.2 -0.62 -1.07
Bentonville 105.14 106.16 105.86 1.02 -0.3
Conway 101.19 100.68 99.49 -0.51 -1.19
El Dorado 101.34 97.82 95.66 -3.52 -2.16
Fayetteville 103.01 104.27 104.67 1.26 0.4
Fort Smith 101.81 102.36 101.08 0.55 -1.28
Hot Springs 100.27 100.82 99.77 0.55 -1.05
Jonesboro 98.45 97.7 96.12 -0.75 -1.58
Little Rock 95.65 95.13 95.08 -0.52 -0.05
Mountain Home 100.77 99.67 99.35 -1.1 -0.32
North Little Rock 99.56 98.28 97.61 -1.28 -0.67
Pine Bluff 95.2 95.27 93.91 0.07 -1.36
Rogers 106.05 105.43 109.06 -0.62 3.63
Russellville 98.9 98.95 97.23 0.05 -1.72
Searcy 98.39 98.18 97.64 -0.21 -0.54
Springdale 103.67 103.86 103.08 0.19 -0.78
Texarkana 97.79 98.83 95.83 1.04 -3
Van Buren 99.85 98.55 97.34 -1.3 -1.21
West Memphis 98.82 97.96 95.58 -0.86 -2.38

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

 

  Arkansas Tech Business Index Value Change from 3 Months Prior
City Quarter 3 Quarter 4 Quarter 1 January February March
Benton 104.21 103.59 103.12 1.07 1.31 -3.79
Bentonville 107.88 107.38 105.72 -1.64 -0.53 -2.82
Conway 99.79 101.2 100.45 1.44 -1.08 -2.59
El Dorado 96.91 97.38 98.27 4.76 0.27 -2.34
Fayetteville 105.21 105.86 103.98 -2.46 -0.94 -2.24
Fort Smith 100.15 103.24 101.75 -1.09 0.58 -3.97
Hot Springs 99.61 100.19 100.29 0.61 0.71 -1.03
Jonesboro 96.45 97.15 97.42 1.69 0.31 -1.17
Little Rock 96.08 94.88 95.29 2.03 -0.03 -0.79
Mountain Home 99.71 100.02 99.93 1.61 -0.79 -1.09
North Little Rock 98.85 99.41 98.48 0.53 -1.32 -1.98
Pine Bluff 93.88 94.49 94.79 2.07 0.75 -1.92
Rogers 106.2 106.49 106.85 1.71 -0.09 -0.55
Russellville 98.07 98.34 98.36 1.63 0.06 -1.63
Searcy 97.85 98.52 98.07 0.53 -0.44 -1.45
Springdale 105.38 104.39 103.54 -0.52 -0.52 -1.53
Texarkana 96.78 97.27 97.48 1.42 1.47 -2.26
Van Buren 97.97 97.93 98.58 3.05 0.09 -1.18
West Memphis 96.6 98.02 97.45 1.8 -0.14 -3.36

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

 

  Arkansas Tech Business Index Value Change from 12 Months Prior
City 2013 2014 2015 March 15 February 16 March 16
Benton 103.61 103.95 103.69 -1.38 -1.17 -0.95
Bentonville 108.54 108.3 107.93 0.99 -1.33 -3.36
Conway 101.79 101.02 100.63 -0.07 -0.39 -2.13
El Dorado 97.89 97.52 97.22 -1.5 -0.69 -1.35
Fayetteville 106.06 105.93 105.47 -1.66 -0.8 -0.12
Fort Smith 101.55 102.48 102.2 1.09 1.07 -4.61
Hot Springs 100.41 100.64 100.05 -1.82 0.25 -0.09
Jonesboro 99.93 99.01 97.03 -2.11 -0.18 -1.22
Little Rock 97.36 98.05 95.92 -0.4 -0.81 -3.59
Mountain Home 100.02 100.16 99.91 -0.92 -1.08 -0.25
North Little Rock 99.96 99.19 98.85 -0.61 -0.9 -1.48
Pine Bluff 94.29 94.09 94.4 0 -0.09 -0.82
Rogers 106.71 106.78 106.13 -2.21 0.09 2.71
Russellville 99.32 98.32 98.27 0.35 -0.45 -0.72
Searcy 98.77 98.22 98.5 0.58 -1.63 -0.8
Springdale 104.31 104.61 104.81 -1.26 -0.83 -1.12
Texarkana 98.67 97.31 96.86 -0.8 0.51 -1.45
Van Buren 99.01 99.27 98.19 -1.95 -0.2 -1.16
West Memphis 97.44 96.68 97.36 -0.24 0.5 -1.43
NOTE: Each month when new data is available, we rerun the ATBI model. Therefore, in general we should not expect the February reading in this March ATBI release to exactly match the February reading in the February ATBI. While the underlying data for February has not changed, the baseline has shifted, and therefore the February index values have changed.
 
Marc Fusrao, Ph.D.
Marc Fusaro, Ph.D.
Associate Professor of Economics

1st Quarter Insights

March was a challenging month for the Arkansas economy. While there were some bright spots, such as housing (2734 units sold statewide with an average sale price of $163,285), residential construction permits ($71 million), and an unemployment rate of 4%, the overall index values were down for the quarter. Every city had a lower index in March compared to December and 12 of the 19 cities had index values below 100 for the first quarter.

On top of the index for the quarter is Rogers being helped by a strong March. Rogers had a 106.85 for the quarter and a 109.06 for March. Rogers was one of only two cities that increased from February to March with a rise of 3.63 points. Rogers was above par in all four sectors and above 110 in three of the four. Their weakest sector was labor, at 102.39 because their labor force grew by only about 100 workers. Their strongest component was eight commercial construction permits totaling $22.6 million over half of which is the Primrose Retirement Community totaling $12.9 million. All of this adds up to a commercial construction component index of 119.5.

Hardest hit for the quarter was Fort Smith with a decline of 3.97 points falling from 105.05 in December to 101.08 in March. Fort Smith’s best sector was most responsible for its decline. Retail was a huge 131 in the strength fo the holiday shopping in December but fell to a still large 119 in March. Construction and Labor also contributed to the decline as commercial construction permits fell from $53.6 million in the fourth quarter to$1.9 million in the first quarter.


 

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Contact us at ATBI@atu.edu

 


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