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Third Quarter Taxable Sales and Purchases Holding Steady

FOR IMMEDIATE RELEASE

Thursday, January 4, 2018

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

Third Quarter Taxable Sales and Purchases Holding Steady

BISMARCK, N.D. – Tax Commissioner Ryan Rauschenberger announced today that North Dakota’s taxable sales and purchases for the third quarter of 2017 had a slight increase.  Taxable sales and purchases for July, August and September of 2017 were nearly $4.731 billion, a 2.3 percent increase over those months in 2016.

“We are happy to report positive taxable sales and purchases growth for the second quarter in a row,” Rauschenberger said. “Especially when you factor in that this report was during a timeframe our state was dealing with a severe drought.” 

Five of the 15 major sectors reported taxable sales and purchases gains when compared to the third quarter a year ago.  Most notably, the mining and oil extraction sector increased by $247.7 million (an 80.5 percent increase), the wholesale trade sector increased by $125 million (a 13.2 percent increase), and the other services sector increased by $5.6 million (a 5.64 percent increase).

“Although the retail trade sector was down during the third quarter, we see a large increase in some of the industries related to oil activity,” Rauschenberger added. “If energy prices continue to rise, we could feel the impact in other areas as well.”

Rauschenberger went on to explain that as energy production continues to accelerate in North Dakota, most of the other industry sectors see a coinciding boost.  

Of the 50 largest cities in North Dakota, the highest percent increases for the third quarter of 2017 (compared to the third quarter of 2016) were as follows:

  • Tioga – Increase of 31.51 percent
  • Williston – Increase of 29.55 percent
  • New Town – Increase of 27.25 percent
  • Casselton – Increase of 24.53 percent
  • Langdon – Increase of 23.91 percent

Counties with the highest percent increases for the third quarter of 2017 (compared to the third quarter of 2016) were as follows:

  • Dunn County – Increase of 47.1 percent
  • Burke County – Increase of 29.46  percent
  • Williams County – Increase of 29.15 percent
  • LaMoure County – Increase of 28.34 percent
  • Renville County – Increase of 25.89 percent

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

Charts:
ND Total Taxable Sales & Purchases 2010 - 2017 Third Quarter
ND Taxable Sales & Purchases by Industry Third Quarter 2017

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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.

 

Third Quarter Taxable Sales and Purchases Holding Steady

FOR IMMEDIATE RELEASE

Thursday, January 4, 2018

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

Third Quarter Taxable Sales and Purchases Holding Steady

BISMARCK, N.D. – Tax Commissioner Ryan Rauschenberger announced today that North Dakota’s taxable sales and purchases for the third quarter of 2017 had a slight increase.  Taxable sales and purchases for July, August and September of 2017 were nearly $4.731 billion, a 2.3 percent increase over those months in 2016.

“We are happy to report positive taxable sales and purchases growth for the second quarter in a row,” Rauschenberger said. “Especially when you factor in that this report was during a timeframe our state was dealing with a severe drought.” 

Five of the 15 major sectors reported taxable sales and purchases gains when compared to the third quarter a year ago.  Most notably, the mining and oil extraction sector increased by $247.7 million (an 80.5 percent increase), the wholesale trade sector increased by $125 million (a 13.2 percent increase), and the other services sector increased by $5.6 million (a 5.64 percent increase).

“Although the retail trade sector was down during the third quarter, we see a large increase in some of the industries related to oil activity,” Rauschenberger added. “If energy prices continue to rise, we could feel the impact in other areas as well.”

Rauschenberger went on to explain that as energy production continues to accelerate in North Dakota, most of the other industry sectors see a coinciding boost.  

Of the 50 largest cities in North Dakota, the highest percent increases for the third quarter of 2017 (compared to the third quarter of 2016) were as follows:

  • Tioga – Increase of 31.51 percent
  • Williston – Increase of 29.55 percent
  • New Town – Increase of 27.25 percent
  • Casselton – Increase of 24.53 percent
  • Langdon – Increase of 23.91 percent

Counties with the highest percent increases for the third quarter of 2017 (compared to the third quarter of 2016) were as follows:

  • Dunn County – Increase of 47.1 percent
  • Burke County – Increase of 29.46  percent
  • Williams County – Increase of 29.15 percent
  • LaMoure County – Increase of 28.34 percent
  • Renville County – Increase of 25.89 percent

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

Charts:
ND Total Taxable Sales & Purchases 2010 - 2017 Third Quarter
ND Taxable Sales & Purchases by Industry Third Quarter 2017

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