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REVISED: Rauschenberger: 4th Quarter Taxable Sales and Purchases Increase by 15.5%

Wednesday, April 8, 2015 (updated Friday, April 10, 2015)

Contact: Kathy Strombeck, Supervisor, Research & Communications, 701.328.3402
Jen Raab, Public Information Officer, 701.328.3039

BISMARCK, N.D. – Tax Commissioner Ryan Rauschenberger announced today that North Dakota's taxable sales and purchases for the fourth quarter of 2014 had a noticeable increase. Taxable sales and purchases for October, November and December of 2014 were $7.822 billion, a 15.5% increase over those months in 2013.

"It is remarkable that we continue to see growth on this level," stated Rauschenberger. "Such strong growth is all the more remarkable when you consider that oil prices had already begun a significant decline during the fourth quarter of 2014."

North Dakota oil prices were 27% lower during the fourth quarter of 2014 than during the fourth quarter of 2013.

Thirteen of the 15 major sectors reported taxable sales and purchases gains when compared to the fourth quarter a year ago. Most notably, the mining and oil extraction sector increased by $409.4 million (a 37.69% increase), the wholesale trade sector increased by $300.9 million (a 17.27% increase), and the retail trade sector increased by $84.6 million (a 4.59% increase).

"Consumer confidence is often measured by looking at the change in retail trade sector taxable sales and purchases." Rauschenberger said. "Retail during the fourth quarter, which includes the holiday shopping season, saw more than a 4 percent increase over fourth quarter last year."

Of the 50 largest cities in North Dakota, the highest percent increases for the fourth quarter of 2014 (compared to the fourth quarter of 2013) were as follows:

  • Watford City – Increase of 62.60 percent
  • Beach – Increase of 31.21 percent
  • Stanley – Increase of 29.12 percent
  • Lincoln – Increase of 17.02 percent
  • Dickinson – Increase of 15.40 percent

Counties with the highest percent increases for the fourth quarter of 2014 (compared to the fourth quarter of 2013) were as follows:

  • Dunn County – Increase of 80.62 percent
  • Sioux County – Increase of 77.12 percent
  • Slope County – Increase of 57.80 percent
  • McKenzie County – Increase of 54.61 percent
  • Bottineau County – Increase of 37.04 percent

The complete fourth quarter 2014 North Dakota Sales and Use Tax Statistical Report can be accessed below:

# # #

2014 Fourth Quarter Sales and Use Statistical Report - (pdf)
Fourth Quarter Taxable Sales and Purchases by Industry Graph - (pdf)
Fourth Quarter North Dakota Total Taxable Sales and Purchases Graph - (pdf)

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REVISED: Rauschenberger: 4th Quarter Taxable Sales and Purchases Increase by 15.5%

Wednesday, April 8, 2015 (updated Friday, April 10, 2015)

Contact: Kathy Strombeck, Supervisor, Research & Communications, 701.328.3402
Jen Raab, Public Information Officer, 701.328.3039

BISMARCK, N.D. – Tax Commissioner Ryan Rauschenberger announced today that North Dakota's taxable sales and purchases for the fourth quarter of 2014 had a noticeable increase. Taxable sales and purchases for October, November and December of 2014 were $7.822 billion, a 15.5% increase over those months in 2013.

"It is remarkable that we continue to see growth on this level," stated Rauschenberger. "Such strong growth is all the more remarkable when you consider that oil prices had already begun a significant decline during the fourth quarter of 2014."

North Dakota oil prices were 27% lower during the fourth quarter of 2014 than during the fourth quarter of 2013.

Thirteen of the 15 major sectors reported taxable sales and purchases gains when compared to the fourth quarter a year ago. Most notably, the mining and oil extraction sector increased by $409.4 million (a 37.69% increase), the wholesale trade sector increased by $300.9 million (a 17.27% increase), and the retail trade sector increased by $84.6 million (a 4.59% increase).

"Consumer confidence is often measured by looking at the change in retail trade sector taxable sales and purchases." Rauschenberger said. "Retail during the fourth quarter, which includes the holiday shopping season, saw more than a 4 percent increase over fourth quarter last year."

Of the 50 largest cities in North Dakota, the highest percent increases for the fourth quarter of 2014 (compared to the fourth quarter of 2013) were as follows:

  • Watford City – Increase of 62.60 percent
  • Beach – Increase of 31.21 percent
  • Stanley – Increase of 29.12 percent
  • Lincoln – Increase of 17.02 percent
  • Dickinson – Increase of 15.40 percent

Counties with the highest percent increases for the fourth quarter of 2014 (compared to the fourth quarter of 2013) were as follows:

  • Dunn County – Increase of 80.62 percent
  • Sioux County – Increase of 77.12 percent
  • Slope County – Increase of 57.80 percent
  • McKenzie County – Increase of 54.61 percent
  • Bottineau County – Increase of 37.04 percent

The complete fourth quarter 2014 North Dakota Sales and Use Tax Statistical Report can be accessed below:

# # #

2014 Fourth Quarter Sales and Use Statistical Report - (pdf)
Fourth Quarter Taxable Sales and Purchases by Industry Graph - (pdf)
Fourth Quarter North Dakota Total Taxable Sales and Purchases Graph - (pdf)

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