Nevada taxable sales surge 6.2 percent in November
Retail sales across Nevada rose at a healthy rate in November.
Taxable sales on tangible goods increased to $4.21 billion, up 6.2 percent from $3.97 billion in November 2014, the state Department of Taxation reported Thursday.
Sales in Clark County gained 6 percent, rising from $2.97 billion to $3.15 billion.
Most of the county's biggest spending categories posted sizable gains.
Sales among dealers of cars and car parts grew 9.1 percent, to $333.2 million. Wholesalers of durable goods such as appliances and office equipment saw a 13.7 percent jump, to $163.6 million. Retailers of building materials and garden equipment and supplies boosted sales by 15.7 percent, to $111.5 million. Bars and restaurants — the biggest local spending category, at 24.3 percent of the total — rang up an additional 3.8 percent in sales, closing out the month at $763.8 million.
Construction-related spending spiked 11.7 percent, to $56.2 million.
Gross revenue collections from sales and use taxes, which help fund schools and prisons among other services, totaled $331.1 million, up 5.6 percent year over year.
From July through November, the general fund's fiscal-year share of collections to date fell $4.36 million, or nearly 1 percent, below expectations of the Economic Forum, a nonpartisan group that forecasts revenue for state budgets.
Contact Jennifer Robison at jrobison@reviewjournal.com. Find @_JRobison on Twitter.
