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NLR rates above state average on Arkansas Tech Business Index for January

LITTLE ROCK — North Little Rock received a score of 100.27 on the Arkansas Tech Business Index for January, Arkansas Tech University said Tuesday.

The index assigns monthly ratings to 16 Arkansas cities to provide a snapshot of economic activity based on indicators including employment, real estate activity, construction and retail sales. A rating above 100 indicates that the city is doing better than the state average from 2009 to the present; a rating below 100 means the city lags behind the state average.

Bentonville received the highest ranking at 108.58 for January, up 3.2 points from December. An increase in building permits was the primary factor in Bentonville’s gain on the index, said Marc Fusaro, an associate professor of economics at Arkansas Tech and the developer of the index.

Other cities with a rating of better than 100 for January include Rogers with 103.73, Fayetteville with 103.55, Springdale with 102.33 and Conway with 100.01.

Cities on the list with a rating below 100 for January are Fort Smith with 99.53, Hot Springs with 99.47, Russellville with 98.29, Jonesboro with 98.17, Little Rock with 97.39, El Dorado with 93.92, West Memphis with 93.38, Texarkana with 92.97, Pine Bluff with 91.87 and Searcy with 85.64.

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