The Missouri Department of Revenue released preliminary taxable sales estimates for the 1st quarter of 2010. Over this period, approximately $16.8 billion in taxable sales occurred in the state, a decrease of 2.97% in actual dollars from the same quarter of 2009.
Analysis by MERIC shows that if seasonal and inflationary effects are removed from the data, real year-to-year changes in taxable sales during the 1st quarter of 2010 was -5.20%. This is a decline compared to -4.47% in the 4th quarter of 2009.
| Quarterly Taxable Sales in Missouri | ||||
| Taxable Sales ($B) | % Change from Year Ago | Inflation & Seasonally Adjusted ($B-00) | % Change from Year Ago (Adjusted) | |
| 1Q02 | 15.0 | -1.19% | 15.7 | -2.41% |
| 2Q02 | 16.5 | 0.53% | 15.7 | -0.74% |
| 3Q02 | 16.6 | 0.34% | 15.5 | -1.23% |
| 4Q02 | 17.0 | -0.86% | 15.5 | -2.99% |
| 1Q03 | 15.0 | 0.06% | 15.3 | -2.73% |
| 2Q03 | 16.6 | 0.75% | 15.5 | -1.39% |
| 3Q03 | 17.0 | 2.78% | 15.6 | 0.55% |
| 4Q03 | 17.6 | 3.99% | 15.8 | 2.07% |
| 1Q04 | 15.9 | 5.93% | 15.9 | 4.07% |
| 2Q04 | 17.4 | 4.71% | 15.7 | 1.81% |
| 3Q04 | 17.7 | 4.14% | 15.8 | 1.40% |
| 4Q04 | 18.4 | 4.16% | 15.9 | 0.81% |
| 1Q05 | 16.6 | 4.65% | 16.2 | 1.56% |
| 2Q05 | 18.3 | 5.32% | 16.1 | 2.30% |
| 3Q05 | 18.4 | 3.78% | 15.8 | -0.05% |
| 4Q05 | 19.5 | 6.06% | 16.3 | 2.24% |
| 1Q06 | 17.7 | 6.13% | 16.6 | 2.39% |
| 2Q06 | 19.3 | 5.45% | 16.3 | 1.38% |
| 3Q06 | 19.2 | 4.16% | 16.0 | 0.81% |
| 4Q06 | 19.8 | 1.37% | 16.2 | -0.56% |
| 1Q07 | 18.2 | 2.89% | 16.6 | 0.43% |
| 2Q07 | 19.6 | 1.59% | 16.2 | -1.03% |
| 3Q07 | 19.6 | 2.09% | 15.9 | -0.28% |
| 4Q07 | 20.1 | 1.85% | 15.7 | -2.04% |
| 1Q08 | 18.2 | -0.05% | 16.0 | -3.96% |
| 2Q08 | 19.5 | -0.50% | 15.4 | -4.70% |
| 3Q08 | 19.5 | -0.55% | 15.0 | -5.56% |
| 4Q08 | 19.4 | -3.38% | 14.9 | -4.92% |
| 1Q09 | 17.2 | -5.01% | 15.2 | -4.97% |
| 2Q09 | 18.3 | -6.26% | 14.6 | -5.15% |
| 3Q09 | 18.1 | -7.10% | 14.2 | -5.56% |
| 4Q09 | 18.9 | -3.05% | 14.3 | -4.42% |
| 1Q10 | 16.7 | -2.97% | 14.4 | -5.20% |
At the national level, seasonally adjusted retail sales surged during the 1st quarter of 2010 to a 5.7% growth over the 1st quarter 2009. Missouri’s seasonally adjusted taxable sales decreased by -2.97% for this same period of time. Retail sales account for approximately 65% of taxable sales in Missouri, with an additional 10% from wholesale trade, 10% from service industries such as hotels and amusement, 10% from communication industries, and 5% from other industries.
Source: Economy.com
