The Missouri Department of Revenue released preliminary taxable sales estimates for the 2nd quarter of 2011. Over this period, approximately $18.6 billion in taxable sales occurred in the state, a slight increase of 1.13% in actual dollars from the same quarter of 2010. Given first quarter of 2011 taxable sales were revised up slightly, this quarter is now the 5th straight with a year over year percent increase in actual dollars.
Analysis by MERIC shows that if seasonal and inflationary effects are removed from the data, real year-to-year changes in taxable sales during the 2nd quarter of 2011 was -2.16%. This was the third straight quarterly decline following a gain in Q310 that had snapped a streak of 13 straight quarterly losses.
|Quarterly Taxable Sales in Missouri|
|Taxable Sales ($B)||% Change from Year Ago||Inflation & Seasonally Adjusted ($B-00)||% Change from Year Ago (Adjusted)|