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2015 Third Quarter Taxable Sales and Purchases Decline

FOR IMMEDIATE RELEASE

Wednesday, January 6, 2016

Contact:           Kathy Strombeck, Research Analyst, 701.328.3402
Jen Raab, Public Information Officer, 701.328.3039

BISMARCK, N.D. – Tax Commissioner Ryan Rauschenberger today released the 2015 third quarter taxable sales and purchases report, and it reflects a drop in activity in North Dakota.  Taxable sales and purchases were $5.763 billion for July, August and September of 2015, a drop of nearly 25 percent over those months in 2014.   

“Although taxable sales and purchases for the third quarter are down when compared with 2014, viewing it with a longer-term perspective still shows an increase,” stated Rauschenberger. “Taxable sales and purchases for the third quarter have increased more than 31 percent since 2010.”

Taxable sales and purchases for the third quarter of 2010 totaled 3.967 billion.

Five of the 15 major industry sectors reported taxable sales and purchases gains when compared to the third quarter a year ago. The most notable increase was in the utilities sector (increase of 36.31 percent/$18.5 million) and the most notable decline was in the mining and oil extraction sector (decrease of 52.79 percent/$728.5 million).

“During the third quarter of 2015, North Dakota continued to feel the effects of low commodity prices, which negatively impacted both the agriculture and energy industries,” Rauschenberger said. “The decrease in spending statewide is a direct outcome.” 

Of the 50 largest cities in North Dakota, the highest percent increases for the third quarter of 2015 (compared to the third quarter of 2014) were as follows:

  • Cavalier – Increase of 60.48 percent
  • Walhalla – Increase of 38.39 percent
  • Casselton – Increase of 17.41
  • Lincoln – Increase of 13.17 percent
  • Larimore – Increase of 13.03 percent

Counties with the highest percent increases for the third quarter of 2015 (compared to the third quarter of 2014) were as follows:

  • Pembina County – Increase of 39.51 percent
  • Sargent County – Increase of 22.97 percent
  • McHenry County – Increase of 22.84 percent
  • Kidder County – Increase of 16.4 percent
  • Sheridan County – Increase of 9.68 percent

Click here to access the complete third quarter 2015 North Dakota Sales and Use Tax Statistical Report. 

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nd.gov - The Official Portal for North Dakota State Government
North Dakota: Legendary. Follow the trail of legends

Ryan Rauschenberger
Tax Commissioner
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News

Sign up to receive new releases via email.  Select the "ND Tax News" list.

 

2015 Third Quarter Taxable Sales and Purchases Decline

FOR IMMEDIATE RELEASE

Wednesday, January 6, 2016

Contact:           Kathy Strombeck, Research Analyst, 701.328.3402
Jen Raab, Public Information Officer, 701.328.3039

BISMARCK, N.D. – Tax Commissioner Ryan Rauschenberger today released the 2015 third quarter taxable sales and purchases report, and it reflects a drop in activity in North Dakota.  Taxable sales and purchases were $5.763 billion for July, August and September of 2015, a drop of nearly 25 percent over those months in 2014.   

“Although taxable sales and purchases for the third quarter are down when compared with 2014, viewing it with a longer-term perspective still shows an increase,” stated Rauschenberger. “Taxable sales and purchases for the third quarter have increased more than 31 percent since 2010.”

Taxable sales and purchases for the third quarter of 2010 totaled 3.967 billion.

Five of the 15 major industry sectors reported taxable sales and purchases gains when compared to the third quarter a year ago. The most notable increase was in the utilities sector (increase of 36.31 percent/$18.5 million) and the most notable decline was in the mining and oil extraction sector (decrease of 52.79 percent/$728.5 million).

“During the third quarter of 2015, North Dakota continued to feel the effects of low commodity prices, which negatively impacted both the agriculture and energy industries,” Rauschenberger said. “The decrease in spending statewide is a direct outcome.” 

Of the 50 largest cities in North Dakota, the highest percent increases for the third quarter of 2015 (compared to the third quarter of 2014) were as follows:

  • Cavalier – Increase of 60.48 percent
  • Walhalla – Increase of 38.39 percent
  • Casselton – Increase of 17.41
  • Lincoln – Increase of 13.17 percent
  • Larimore – Increase of 13.03 percent

Counties with the highest percent increases for the third quarter of 2015 (compared to the third quarter of 2014) were as follows:

  • Pembina County – Increase of 39.51 percent
  • Sargent County – Increase of 22.97 percent
  • McHenry County – Increase of 22.84 percent
  • Kidder County – Increase of 16.4 percent
  • Sheridan County – Increase of 9.68 percent

Click here to access the complete third quarter 2015 North Dakota Sales and Use Tax Statistical Report. 

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