|FOR IMMEDIATE RELEASE||Contact: Rick Clayburgh, Tax Commissioner 701-328-2770|
|October 4, 2002||Kathryn Strombeck, Research Analyst, 701-328-3402|
Taxable Sales and Purchases Stable During 2nd Quarter
BISMARCK --- Tax Commissioner Rick Clayburgh released a key report today that indicates continued stability in taxable sales and purchases in North Dakota during the months of April, May and June. The report shows North Dakota's total taxable sales and purchases were $1.84 billion, up $30 million from the same time frame in 2001, representing a 1.7 percent increase.
Commissioner Clayburgh said, "This report is certainly encouraging news because it reflects a stable economy during the second three months of the year."
Mining and oil extraction numbers reflect an increase of over 19 percent, the construction sector grew by 7.1 percent, the retail trade total grew almost 6 percent, and the services sector grew by 1.9 percent.
Three sectors reported a decline when compared to the second quarter of 2001. The transportation, communications and public utilities sector dropped by 9.6 percent; the manufacturing sector dropped by 5.8 percent; and the wholesale trade sector slowed by 2.6 percent.
Of the 50 largest cities, the biggest percentage increases for second quarter of 2002 were Walhalla, up 23 percent; Oakes up 21.6 percent; West Fargo, up 18.3 percent; Bismarck, up 11.9 percent; and Northwood, up 11.5 percent.
The biggest percentage second quarter decreases for the 50 largest cities, were in Beach, down 45.8 percent; Tioga, down 36.1 percent; Ashley, down 23.2 percent; Cooperstown, down 19.5 percent; and Cavalier down 17.8 percent.
Counties with the highest percentage increases were Traill, up 39.6 percent; Dickey, up 15.6 percent; Burke, up 15.5 percent; Slope, up 13.2 percent; and Burleigh, up 11.7 percent.
The counties with the biggest percentage decreases were Golden Valley, down 44.4 percent; McLean, down 17.1 percent; Grant, down 15.7 percent; Griggs, down 15.1 percent; and Emmons down 13.8 percent.
Complete North Dakota Sales and Use Tax Statistical Reports from Second Quarter 2002 can be accessed on the Web at: www.nd.gov/tax/salesanduse/pubs