North Dakota Tax Commissioner Ryan Rauschenberger says the third quarter of 2018 marks the highest percent increase in taxable sales in the state since 2012.
Taxable sales for July, August and September neared 5.6 billion dollars. That’s an over 18 percent increase from the same months last year.
Rauschenberger says one of the biggest takeaways is that retail is up five percent.
He says it indicates consumer confidence in North Dakota goods, and it also says people have a disposable income to spend.
He adds, “That gets us back to the level about where we were in 2011, where the Bakken oil play was really ramping up. So we’re really coming back from the declines we saw in 2015, 2016 and 2017.”
The increases by city are listed in the graphic above.
Notice Williston and Dickinson had much higher increases than bigger cities like Fargo and Bismarck. The Tax Commissioner attributes this to the oil industry in the two smaller cities.