The Missouri Department of Revenue (DOR) released preliminary taxable sales estimates for the 4th quarter 2008. Over this period, $19.4 billion in taxable sales occurred in the state, a decrease of -3.38% in actual dollars from the same quarter of 2007.
Analysis by MERIC shows that if seasonal and inflationary effects are removed from the data, real year-to-year change in taxable sales during the 4th quarter of 2008 was -4.92%. This is a decrease from the -5.56% in the 3rd quarter of 2008.
Quarterly Taxable Sales in Missouri |
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| Taxable Sales ($B) | % Change from Year Ago | Inflation & Seasonally Adjusted ($B-00) | % Change from Year Ago (Adjusted) | |
| 4Q00 | 16.9 | 2.49% | 15.9 | -0.91% |
| 1Q01 | 15.2 | 4.13% | 16.1 | 0.71% |
| 2Q01 | 16.4 | 2.68% | 15.8 | -0.67% |
| 3Q01 | 16.5 | 1.32% | 16.6 | -1.34% |
| 4Q01 | 17.1 | 1.18% | 15.8 | -0.68% |
| 1Q02 | 15.0 | -1.19% | 15.8 | -2.41% |
| 2Q02 | 16.5 | 0.53% | 15.7 | -0.74% |
| 3Q02 | 16.6 | 0.34% | 16.4 | -1.23% |
| 4Q02 | 17.0 | -0.86% | 15.3 | -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% | 16.5 | 0.55% |
| 4Q03 | 17.6 | 3.99% | 15.6 | 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% | 16.7 | 1.40% |
| 4Q04 | 18.4 | 4.16% | 15.8 | 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% | 16.7 | -0.05% |
| 4Q05 | 19.5 | 6.06% | 16.1 | 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% | 16.8 | 0.81% |
| 4Q06 | 19.8 | 1.37% | 16.0 | -0.56% |
| 1Q07 | 18.2 | 2.89% | 16.7 | 0.43% |
| 2Q07 | 19.6 | 1.59% | 16.2 | -1.03% |
| 3Q07 | 19.6 | 2.09% | 16.8 | -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% | 15.8 | -5.56% |
| 4Q08 | 19.4 | -3.38% | 14.9 | -4.92% |
At the national level, seasonally adjusted retail sales decreased during the 4th quarter of 2008 to -8.08%. Missouri’s seasonally adjusted taxable sales have decreased by 3.4% 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 parks, 10% from communications industries, and 5% from other industries.
Source: Economy.com
