Construction, auto sales boost state’s taxable retail sales; Edmonds up 8.2 percent

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Steady growth in construction and auto sales in Washington state helped boost taxable retail sales by 5.3 percent in the first quarter of 2017 over the same period in 2016, reaching a total of $34.1 billion, the Washington State Department of Revenue reported this week.

Retail trade sales, a subset of all taxable retail sales in the state, were up 4.1 percent to a total of $14.5 billion.

Edmonds saw an 8.2 percent increase in taxable retail sales in first quarter 2017, compared to the same period in 2016, registering a total of $192,537,798.

The figures summarize first-quarter 2017 taxable retail sales reported on Washington business tax returns. The agency uses Census Bureau classifications to report the sales revenues by sector.

Some highlights of first-quarter 2017 taxable retail and retail trade sales statewide, according to the Revenue Department:

  • Construction rose 12.6 percent to $6.6 billion.
  • Taxable retail sales reported by new and used auto dealers increased 6.6 percent to $3.2 billion.
  • Taxable retail sales reported by drug and health stores rose 14.5 percent to $672.1 million.
  • Taxable e-commerce and mail order sales increased 13.9 percent to $690.6 million.
  • Lawn and garden supplies and equipment jumped 13.7 percent to $163.9 million.

Taxable retail sales dipped for several industries:

  • Department stores sales dropped by 2.8 percent to $602 million.
  • Grocery and convenience stores decreased 1.2 percent to $806.8 million.

You can see first-quarter 2017 taxable retail sales and retail trade sales by industry here: http://dor.wa.gov/docs/reports/2017/lrt117/TRS_Statewide_Table6_QT12017.xlsx

Of the top 10 most populated counties in the state, Whatcom and Pierce counties enjoyed the largest overall taxable retail sales percentage increase. Bellevue and Tacoma saw the largest increase of the most populated cities. Snohomish County saw a 5 percent increase in taxable retail sales during the first quarter of 2017.

 

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