(JARED ARNOLD/Chewelah Independent)
ECONOMIC GROWTH: Chewelah’s taxable sales grew 4.4 percent from 2017…
Chewelah’s 2018 taxable retail sales came in at $41.6 million – a 4.4 percent increase over 2017 – according to data recently released by the state’s Department of Revenue.
At the same time, taxable retail sales in Colville increased by 4 percent to $230 million, Springdale jumped 11.6 percent to $3.7 million and sales across all of Stevens County were up 5.8 percent at $524.7 million.
Stevens County was one of the slowest growing counties in the state with just three others expanding at a slower rate: Lincoln (5.3 percent), Skamania (3.5 percent) and Garfield (0.2 percent). Statewide figures averaged 9.6 percent.
Statewide sales reached $170.2 billion in 2018
Continued gains in construction and auto sales sent statewide taxable retail sales climbing once again to a record $170.2 billion in 2018, a 9.6 percent gain over 2017.
Retail trade, a subset of all taxable retail sales in the state, also increased by 7.2 percent in 2018 over 2017 to a total of $71.5 billion.
Taxable retail sales are transactions subject to the retail sales tax, including sales by retailers, the construction industry, manufacturing and other sectors. Retail trade includes sales of items such as clothing, furniture and automobiles, but excludes other industries, such as services and construction.
These figures are part of an annual report released recently by the Washington State Department of Revenue. The agency reports on a quarterly and annual basis the total taxable retail sales reported by businesses on their Washington tax returns.
Some highlights of 2018 taxable retail and retail trade sales:
-Construction rose 14 percent to $35.2 billion.
-Taxable retail sales reported by new and used auto dealers increased 2.3 percent to $13.9 billion.
-Sales of building materials, garden equipment and supplies rose 8 percent to $7.5 billion.
-Electronic and appliance stores increased by 12.6 percent to $4.3 billion.