Taxable Sales in Missouri Increased in the 2nd Quarter
The Missouri Department of Revenue (DOR) recently released preliminary taxable sales estimates for the 2nd quarter of 2005. Over this period, $18.2 billion in taxable sales occurred in the state, an increase of 4.5% in actual dollars from the same quarter of 2004.
Analysis by MERIC shows that if seasonal and inflationary effects are removed from the data, real year-to-year growth in taxable sales during the 2nd quarter of 2005 was 1.55%. This is a faster rate of increase than the revised 1.45% in the 1st quarter of 2005. The state has experienced year-over-year growth in taxable sales for the last eight consecutive quarters.
