The Missouri Department of Revenue (DOR) recently released preliminary taxable sales estimates for the first quarter of 2006. Over this period, $17.5 billion in taxable sales occurred in the state, an increase of 4.94 percent in actual dollars from the same quarter of 2005.
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 first quarter of 2005 was 1.25 percent. This is down slightly from 2.24 percent growth in the fourth quarter of 2005. Missouri has experienced year-over-year growth in taxable sales for 10 of the last 11 quarters.
Note: Taxable sales estimates are adjusted to 2000 dollars.