Published October 04, 2012, 07:16 AM
N.D. second quarter taxable sales up
Taxable sales and purchases in North Dakota during April, May and June grew nearly 42 percent compared to the second quarter of last year, to more than $6.4 billion.
BISMARCK (AP) — Taxable sales and purchases in North Dakota during April, May and June grew nearly 42 percent compared to the second quarter of last year, to more than $6.4 billion.
Tax Commissioner Cory Fong said the economic growth is spread across nearly all major industry sectors. He said consumer confidence remains strong, businesses are growing, wholesale trade is robust and manufacturing is on the rise.
The western Oil Patch cities of Williston, Watford City, New Town and Tioga all saw large percentage increases in taxable sales over the year.
Fong said the third- and fourth-quarter taxable sales figures will help show what effect this summer’s heat and drought had on the state’s agricultural industry.
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