- Associated Press - Thursday, June 28, 2018

BISMARCK, N.D. (AP) - North Dakota’s taxable sales and purchases for the first quarter of 2018 increased nearly 10 percent over the same time period the previous year.

The state Tax Department says it was the largest growth from one year to the next since 2014. Tax Commissioner Ryan Rauschenberger (RAW’-shun-bur-gur) says it’s a good measure of economic activity in the state.

Taxable sales and purchases for January, February and March totaled nearly $4.1 billion, a 9.6 percent increase over the three-month span in 2017.

Nine of the 15 major industry sectors reported gains over the year. The mining and oil extraction sector increased by nearly $53 million, or about 78 percent. The wholesale trade sector increased by nearly $146 million, about an 18 percent jump.

Copyright © 2019 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.

 

Click to Read More and View Comments

Click to Hide