Cross Timbers Business Report, Volume 8, Number 3, Spring 1994 Page: 2
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nine months of last year were $170.4 million. This
figure is 10.2 percent above the year before and is 23.3
percent greater than the value posted two years ago.
Bosque county's third quarter retail sales total of
$13 million is 8.7 percent below the year before and is
3.1 percent less than the 1991 figure. Cumulative 1993
sales of $39.5 million compare favorably to totals of
$38.9 million and $37 million in the two previous years.
Comanche county retail merchants reported $18.4
million in revenues in the third quarter of last year. This
figure is 3.5 percent and 10 percent greater than the 1992
and 1991 statistics. Aggregate sales for the first nine
Area Counties, January - September
Millions of Dollars
months of last year were $54.4 million. This total
represents advances of 7.9 percent and 10.4 percent over
the two previous years.
Eastland county noted retail sales of $26.5 million
in 1993's third quarter. This figure is below the $27.3
million reported in 1992 but is above the $22.8 million
figure posted in 1991. Aggregate sales for the first nine
months of last year were $76.5 million. This value is 1.2
percent greater than the year before total and is 12
percent above the figure two years earlier.
Hamilton county reported the weakest third quarter
sales pattern of all Cross Timbers counties in 1993. Its
$8.2 million figure is 23.4 percent less than the figure
posted the year before and is only 0.7 percent greater
than the 1991 value. Cumulative sales for the first nine
months of last year were $24.9 million. This aggregate
is 11.9 percent less than the year before and is 1.8
percent greater than the 1991 total.
The State Comptroller's Office compiles and re-
ports county sales figures on a quarterly basis. Changes
in these values are not adjusted for normal seasonal
variations, so comparisons must be made on a year to
Price Increases Remain Moderate
The Bureau of Labor Statistics reports that consumer
prices continued to increase at a modest pace in the first
four months of 1994. This report, when combined with
favorable unemployment and economic growth statistics,
paints a picture of a healthy national economy.
The consumer price index, the nation's most widely
followed inflation measure, increased at annual rates of 3.3
percent in January, 4.1 percent in February and March, and
1.6 percent in April. Although the average of these rates
is higher than the 2.1 percent mean noted in the last four
months of 1993, it is well within the inflation range of 2 to
4 percent which most observers consider moderate.
Rising energy prices and air fares pushed transporta-
The Cross Timbers Business Report is a
quarterly publication which is presented as a ser-
vice to area residents by Tarleton State University.
This report is distributed without charge to any
interested person or organization. To subscribe,
write William L. Beaty, Editor, P.O. Box T-2006,
Tarleton Station, Tx 76402, or call 817-968-9021.
tion costs higher in early 1994. Housing and apparel prices
also rose briskly. These increases were offset by smaller
advances in health care and food prices.
CONSUMER PRICE CHANGES
4 3.3 3.3
2 1.7 1.7 1.6
Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
Source: Bureau of Labor Statistics
Recent volatility in stock and bond prices reflect
nervousness among many traders that inflation will worsen
in future months. This fear is not shared by most econo-
mists, however. The consensus forecast among this group
sees prices rising at a 2.8 percent clip for the remainder of
this year and a 3.3 percent rate in 1995.
Consumer price figures are compiled and released
monthly and are adjusted for normal seasonal variation.
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Tarleton State University. Department of Social Sciences. Cross Timbers Business Report, Volume 8, Number 3, Spring 1994, periodical, Spring 1994; Stephenville, Texas. (texashistory.unt.edu/ark:/67531/metapth298202/m1/2/: accessed December 13, 2018), University of North Texas Libraries, The Portal to Texas History, texashistory.unt.edu; crediting Tarleton State University.