The state’s taxable retail sales reached $42.7 billion in the second quarter of 2018, which is an increase of 10.6 percent compared to the same time last year, according to the Washington State Department of Revenue.
The boost in taxable retail sales was due largely to a 17 percent uptick in construction and the sale of building materials. Taxes gleaned from retail sales include sales by retailers, the construction industry, manufacturing, and other sectors. Retail trade, which is a subset of taxable retail sales, includes the sale of clothing, furniture, and automobiles.
Other state taxable retail sales highlights from the April-June quarter include:
- New and used auto dealers increased 2 percent to $3.5 billion
- Electronic and appliance stores increased 11.8 percent to $1 billion
- Building materials increased 9.4 percent to $1.9 billion
- Drug and health store sales increased 6.8 percent to $780 million
Within the top most populated counties in Washington, King and Kitsap counties experienced the highest overall increase in taxable retail sales, with Kitsap increasing 15.1 percent and King increasing 12.5 percent.
Overall taxable retail sales in local counties:
- Pierce: 10.5 percent increase
- Thurston: 5.2 percent increase
- Lewis: 10.2 percent increase
- Mason: 8.4 percent increase
Thumbnail photo by Nicole Rathmayr via Pexels