Eight of the 16 municipalities listed on the Arkansas Tech Business Index saw their index value increase over the previous month following the compilation of data for February 2014.
The largest increase from January 2014 to February 2014 was made by Texarkana, which saw its index rating increase by 1.21 points from 95.26 to 96.47.
Created and maintained by the Arkansas Tech University College of Business, the Arkansas Tech Business Index (ATBI) is a comprehensive measure that provides a snapshot of economic activity around the Natural State. The ATBI encompasses a labor index, housing market index, construction index and retail sales index.
Arvest Bank is the presenting sponsor of the Arkansas Tech Business Index.
The index is based around 100. A city reading above 100 indicates that the city is currently doing better than the state average from 2009 to the present. Among the 16 municipalities in the ATBI, 10 have an index rating above 100 for February 2014.
Bentonville sets the pace on the latest Arkansas Tech Business Index with a rating of 106.24. Rogers (105.16), Fayetteville (104.99), Springdale (104.47), Fort Smith (102.35), Conway (101.62), Hot Springs (101.41), North Little Rock (101.29), Jonesboro (101.20) and Russellville (100.04) also have an index rating that indicates their economies have performed better than the state average since 2009.
In addition to Texarkana, other municipalities that had an increase in their index rating for February 2014 included Fort Smith, Jonesboro, Pine Bluff, Russellville, Searcy, Springdale and West Memphis.
Dr. Marc Fusaro, associate professor of economics at Arkansas Tech, developed the instrument for the Arkansas Tech Business Index.
Visit www.atu.edu/atbi to access the data used to develop the ATBI. The index will be updated on a monthly basis and analysis will be provided each quarter.