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Rauschenberger: Taxable Sales and Purchases Begin to Level Off

FOR IMMEDIATE RELEASE

Thursday, June 29, 2017

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

Rauschenberger: Taxable Sales and Purchases Begin to Level Off

Bismarck, N.D. – Tax Commissioner Ryan Rauschenberger today released the 2017 first quarter taxable sales and purchases report.  Taxable sales and purchases were $3.685 billion for January, February and March of 2017, a drop of 5 percent over those months in 2016.  

“For the past two years, taxable sales and purchases have seen quarterly declines in the double-digits,” Rauschenberger stated. “Having a drop of just 5 percent brings us much closer to the new normal we’ve been anticipating.” 

The first quarter report includes data for the largest 50 cities in North Dakota, and all 53 counties. Of the 50 largest cities in North Dakota, the highest percent increases (compared to the first quarter of 2016) were as follows:

  • Stanley – Increase of 31.96 percent
  • Rugby – Increase of 26.70 percent
  • Larimore – Increase of 24.93 percent
  • Washburn – Increase of 20.69 percent
  • Harvey – Increase of 18.53 percent

Counties with the highest percent increases (compared with the first quarter of 2016) were as follows:

  • Sioux County – Increase of 1,525.23 percent
  • Dunn County – Increase of 33.80 percent
  • Oliver County – Increase of 27.23 percent
  • McHenry County – Increase of 26.54 percent
  • Pierce County – Increase of 26.03 percent

Three of the 15 major industry sectors reported taxable sales and purchases gains when compared to the first quarter a year ago. The educational, health care and social services sector increased by 5.29 percent; the other services sector increased by 3.69 percent; and the professional, scientific, technical and management services sector increased by 0.72 percent.

“The retail trade sector, with a total of $1.26 billion, is also showing a much smaller decline than the past couple of years,” Rauschenberger pointed out. “I consider that a good sign since the retail sector is considered a measure of consumer confidence.”

Click here to access the complete first quarter 2017 North Dakota Sales and Use Tax Statistical Report..

ND Total Taxable Sales & Purchases $ Changes_1st Quarter 2017
ND Taxable Sales Purchases by Industry 1st Quarter 2017

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.

 

Rauschenberger: Taxable Sales and Purchases Begin to Level Off

FOR IMMEDIATE RELEASE

Thursday, June 29, 2017

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

Rauschenberger: Taxable Sales and Purchases Begin to Level Off

Bismarck, N.D. – Tax Commissioner Ryan Rauschenberger today released the 2017 first quarter taxable sales and purchases report.  Taxable sales and purchases were $3.685 billion for January, February and March of 2017, a drop of 5 percent over those months in 2016.  

“For the past two years, taxable sales and purchases have seen quarterly declines in the double-digits,” Rauschenberger stated. “Having a drop of just 5 percent brings us much closer to the new normal we’ve been anticipating.” 

The first quarter report includes data for the largest 50 cities in North Dakota, and all 53 counties. Of the 50 largest cities in North Dakota, the highest percent increases (compared to the first quarter of 2016) were as follows:

  • Stanley – Increase of 31.96 percent
  • Rugby – Increase of 26.70 percent
  • Larimore – Increase of 24.93 percent
  • Washburn – Increase of 20.69 percent
  • Harvey – Increase of 18.53 percent

Counties with the highest percent increases (compared with the first quarter of 2016) were as follows:

  • Sioux County – Increase of 1,525.23 percent
  • Dunn County – Increase of 33.80 percent
  • Oliver County – Increase of 27.23 percent
  • McHenry County – Increase of 26.54 percent
  • Pierce County – Increase of 26.03 percent

Three of the 15 major industry sectors reported taxable sales and purchases gains when compared to the first quarter a year ago. The educational, health care and social services sector increased by 5.29 percent; the other services sector increased by 3.69 percent; and the professional, scientific, technical and management services sector increased by 0.72 percent.

“The retail trade sector, with a total of $1.26 billion, is also showing a much smaller decline than the past couple of years,” Rauschenberger pointed out. “I consider that a good sign since the retail sector is considered a measure of consumer confidence.”

Click here to access the complete first quarter 2017 North Dakota Sales and Use Tax Statistical Report..

ND Total Taxable Sales & Purchases $ Changes_1st Quarter 2017
ND Taxable Sales Purchases by Industry 1st Quarter 2017

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