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Taxable retail sales reach $26 billion in first quarter of 2013

 

July 23, 2013



The statewide taxable retail sales for the first quarter of 2013 (January 1 – March 31) were up 8.0 percent to $26 billion as compared to the same time period a year ago, according to a report released today by the Washington State Department of Revenue.

Retail trade reached $12 billion, an 8.2 percent increase from the first quarter of 2012. Retail trade is a subset of total taxable retail sales, which includes retailers but excludes industries such as services and construction.

Taxable sales rose in many of the state’s major industries:

· Construction increased to $4 billion (16.9 percent)

· Building materials, garden equipment and supplies grew to $1 billion (14.2 percent)

· New and used car sales hit $2.3 billion (11.6 percent)

· General merchandise stores tallied $2.3 billion (7.1 percent)

· Accommodations and food services reached $2.9 billion (4.7 percent)

Taxable retail sales have nearly recovered to first quarter 2008 levels, when they last topped $26 billion dollars.

First quarter 2013 results for the most populous counties

Taxable retail sales

Percent change

Retail trade

Percent change

King

$10.3 billion

7.6

$4.2 billion

6.5

Pierce

$2.8 billion

11.0

$1.5 billion

10.3

Snohomish

$2.5 billion

10.2

$1.3 billion

10.7

Spokane

$1.7 billion

6.6

$854 million

8.4

Clark

$1.1 billion

7.8

$500 million

9.1

First quarter 2013 results for cities with the most sales

Taxable retail sales

Percent change

Retail trade

Percent change

Seattle

$4.1 billion

7.2

$1.3 billion

5.8

Bellevue

$1.2 billion

11.4

$577 million

5.8

Tacoma

$989 million

6.2

$510 million

5.7

Spokane

$917 million

7.4

$440 million

7.3

Vancouver

$606 million

4.4

$270 million

4.8

Complete tax statistics for taxable retail sales and retail trade by county and city as well as a breakdown of sales statewide by major industry are posted on Revenue’s website:http://dor.wa.gov/Content/AboutUs/newsroom/2013/trs-q12013.aspx.

Results for all counties and selected cities, including sales breakdowns by industry sector are also online on the Quarterly Business Review page.

 

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