Sales of tangible goods surge 5.3 percent statewide
February 26, 2016 - 2:43 pm
Burgers, Buicks and bureaus helped push up retail sales across Nevada in December.
Sales of tangible goods jumped 5.3 percent statewide year over year in the month, to $5.12 billion, the state Department of Taxation reported Thursday.
Sales in Clark County rose 5.5 percent in the same period, to $3.8 billion.
The biggest local spending category — bars and restaurants, at 20 percent of the total — jumped 6 percent, to $760.7 million.
Dealers of cars and car parts posted a 3.8 percent improvement, to $355.7 million.
Other sectors that grew noticeably included furniture stores — up 4.9 percent — and retailers of building materials and garden equipment and supplies — up 7.4 percent.
Spending on construction-related goods surged 31.9 percent, to $87.4 million, though it remained a small share of the total, at 2.3 percent of all purchases.
Gross revenue collections from sales and use taxes, which help fund prisons and schools, totaled $397.7 million in December, up 5.1 percent year to year.
For the fiscal year, which runs from July 1 to June 30, the general fund's share of sales and use taxes was 1.2 percent, or $6.8 million, below forecasts of the Economic Forum, a nonpartisan group that projects revenue for state budgets.
— Contact Jennifer Robison at jrobison@reviewjournal.com. Find @_JRobison on Twitter.