34.4 F
Reno

Statewide taxable sales up modest 3.8% in December but near double-digits in Las Vegas

Date:

By Nevada News Bureau Staff: Nevada’s taxable sales rose 3.8 percent in December 2011 over December 2010, a modest rise that was outpaced in Clark County which saw a 9.5 percent gain in the important indicator of consumer health.

A major decline in taxable sales in Elko County in December was largely responsible for the overall smaller statewide increase.

Statewide taxable sales totaled $4.2 billion in December, with the biggest increases coming in bars and restaurants, up 8.8 percent; clothing and accessory stores, up 12.9 percent; motor vehicle dealers, up 15.3 percent; and merchant wholesalers-durable goods, up 14.2 percent.

The December numbers follow a November taxable sales report that showed a 9.6 percent gain.

Clark County reported taxable sales of just under $3 billion, up from $2.7 billion in December, 2010. Washoe County also had strong results, up 6.1 percent in December 2011 over December 2010.

The overall taxable sales numbers would have been higher except for a big decline in taxable sales in Elko County. Elko taxable sales were down by more than 50 percent in December to $142.5 million compared to $295.6 million in December 2010.

If Elko County taxable sales had remained flat in December 2011 over December 2010, statewide taxable sales would have been up over 7 percent.

There was no immediate explanation for the big drop in taxable sales in Elko County.

ThisIsReno
ThisIsRenohttps://thisisreno.com
This Is Reno is your source for award-winning independent, online Reno news and events since 2009. We are locally owned and operated.

TRENDING

RENO EVENTS

MORE RENO NEWS

Nevada Faculty Alliance calls for the resignation of Regent Patrick Boylan over discriminatory comments

The Nevada Faculty Alliance on Sunday called for higher education Regent Patrick Boylan to resign. The faculty group said his comments at Nevada System of Higher Education Board of Regents meets are transphobic, discriminatory and harassing.