Retail sales up 12% in the first quarter of 2021

By on September 1, 2021 0

OLYMPIA, Wash. – September 1, 2021 – The first quarter of 2021 saw a rebound in taxable retail sales statewide from the first quarter of 2020, reaching $ 46 billion, thanks to strong sales of new automobiles and cars. opportunity and a healthy resumption of construction.

Retailing, a subset of all taxable retail sales in the state, also grew 22.9% to a total of $ 20.9 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 retail sales tax, including sales by retailers, the construction industry, manufacturing and other sectors.

These figures are part of a quarterly report released today by the Washington State Department of Revenue. Taxable retail sales figures compare to the same quarter from year to year to even out seasonal effects that would influence consumer and business spending.

Here are some sectors that have seen increases in taxable retail sales during the first quarter of 2021 compared to the same period (January-March) in 2020:

  • Construction rose 6.6% to $ 9.4 billion.

  • Taxable retail sales reported by new and used car dealers increased 31.8% to $ 4 billion.

  • Building materials, garden equipment and supplies rose 27.3% to $ 2.2 billion.

  • Taxable retail sales in general merchandise stores increased 13.6% to $ 2.9 billion.

  • Clothing and accessories sales rose 18.7% to $ 1 billion.

Majority of sectors recorded healthy taxable retail sales in the first quarter increases over the first quarter of the previous year.

View Taxable Retail Sales and First Quarter 2021 Retail Sales by Industry.

For more information on taxable retail sales, see:

county

Taxable retail sales

Percent change

Retail business

Percent change

King

$ 16.9 billion

2.3

$ 6.4 billion

15.1

pierce

$ 5.2 billion

19.4

$ 2.7 billion

29.4

Snohomish

$ 4.4 billion

14.8

$ 2.3 billion

23.2

Spokane

$ 3.1 billion

18.5

$ 1.6 billion

30.1

Clark

$ 2.4 billion

20.9

$ 1.1 billion

28.1

Thurston

$ 1.7 billion

16.2

$ 877 million

26.2

Kitsap

$ 1.4 billion

16.5

$ 730 million

24.3

Curved on

$ 1.2 billion

18.5

$ 668 million

29.6

Yakima

$ 1.1 billion

14.6

$ 607 million

24.9

Whatcom

$ 1.2 billion

15.6

$ 579 million

19.2

City

Taxable retail sales

Percent change

Retail business

Percent change

Seattle

$ 6.5 billion

-4.1

$ 2.0 billion

4.9

Nice view

$ 2.0 billion

-0.9

$ 831 million

15.9

Tacoma

$ 1.5 billion

14.9

$ 784 million

26.5

City of Spokane

$ 1.4 billion

14.9

$ 735 million

28.1

Vancouver

$ 1.3 billion

19.5

$ 588 million

25.2

Everett

$ 794 million

12.4

$ 383 million

20.2

Renton

$ 774 million

15.2

$ 435 million

26.9

Puyallup

$ 710 million

19.3

$ 477 million

21.5

Kennewick

$ 611 million

16.1

$ 372 million

24.8

Not co

$ 425 million

8.8

$ 245 million

28.8

Compare taxable retail sales figures for the first quarter of 2021 and previous years by checking Retail sales for cities and counties information.

Check income Statistics and reports for details on taxable retail sales.

Understand how businesses are ranked

Revenue uses the data from the corporate income tax return to create this quarterly report. Businesses are classified according to the US Census Bureau classification system based on their primary taxable activity. The North American Industry Classification System – or NAICS – is the same method that federal statistical agencies use to analyze economic data.

# # #


Source link