Sales figures fail to keep pace with economic growth

0verall sales in Pennsylvania do not appear to have kept up with last year's economic growth.Sales tax data is used as a close proxy to measure the state's total sales. Between fiscal year 1996-97 and fiscal year 1997-98, total sales tax collection by the state increased only by 1.9 percen...

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Bibliographic Details
Published inEastern Pennsylvania business journal Vol. 10; no. 12; p. 4
Main Author Afshar, Kamran
Format Journal Article
LanguageEnglish
Published Dallas 22.03.1999
Subjects
Economic growth
Economic indicators
Fiscal years
Sales taxes
Tax collections
PA
Middle Atlantic
United States > US
Bethlehem
Pennsylvania
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Summary:0verall sales in Pennsylvania do not appear to have kept up with last year's economic growth.Sales tax data is used as a close proxy to measure the state's total sales. Between fiscal year 1996-97 and fiscal year 1997-98, total sales tax collection by the state increased only by 1.9 percent, according to the Pennsylvania Department of Revenue. This puts the inflation-adjusted increase in total sales close to zero.
ISSN:2169-219X
2169-236X