Jump Driven by Strong Ammo Sales
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Jump Driven by Strong Ammo Sales





The firearm industry's best economic indicator shows that first-quarter 2006 gun and ammunition sales grew by 10.7 percent over the same period last year. Ammo sales drove the overall gain with a 32 percent increase. The statistics are taken from the latest Pittman-Robertson federal excise tax collection report. Excise taxes are calculated as a percentage of wholesale receipts, paid quarterly by firearm and ammunition manufacturers, and earmarked for state wildlife conservation and habitat restoration programs. In the first quarter of 2006, $61.3 million was generated for conservation, compared to $55.4 million in 2005. The latest tax collections suggest overall sales of $570.6 million from January through March 2006, not including retail markup or final retail sales.
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