(JARED ARNOLD/Chewelah Independent)
ECONOMIC GROWTH: Chewelah’s retail sales jump double digits from last year, fastest town growth in county…
Chewelah’s third quarter 2019 taxable retail sales increased to $12.1 million – an 11.1 percent jump from the same period one year ago, according to data released last week by the state’s Department of Revenue.
At the same time, taxable retail sales in Colville rose 2.4 percent to $62.4 million; Springdale was down 26.8 percent to $912,944; and sales across all of Stevens County increased 3.3 percent to $147.1 million.
STATEWIDE SALES HIT $47.9 BILLION
The summer months of 2019 saw strong sales in construction and of building materials, garden equipment and supplies, boosting the state’s taxable retail sales in third quarter (July – September) 2019. The taxable retail sales increased by 7% in the third quarter of 2019 over the same period in 2018, reaching $47.9 billion.
Retail trade, a subset of all taxable retail sales in the state, also increased by 6% to a total of $19.7 billion. Retail trade includes sales of items such as clothing, furniture and automobiles, but excludes other industries, such as services and construction.
Taxable retail sales are transactions subject to the retail sales tax, including sales by retailers, the construction industry, manufacturing and other sectors.
These figures are part of a quarterly report released last week by the Washington State Department of Revenue. The taxable retail sales figures compare the same quarter year-to-year to equalize any seasonal effects that would influence consumer and business spending.
Some highlights of third-quarter 2019 taxable retail sales and retail trade sales include:
-Construction rose 10% to $10.4 billion.
-Sales of building materials, garden equipment and supplies increased 4.3% to $2.1 billion.
-Miscellaneous retailers’ sales increased 24.3% to $3 billion.
-Apparel and accessories sales rose 5.4% to $1.3 billion.
-Taxable retail sales reported by new and used auto dealers decreased -3.1% to $3.6 billion.