Taxable Retail Sales Decline 4.3 Percent in Calendar Year 2008

OLYMPIA, Wash., May 12, 2009 — Taxable retail sales declined 4.3 percent to $113.2 billion during calendar year 2008, the Washington State Department of Revenue reported today.

Retail trade was down 6.1 percent to $48.3 billion compared to calendar year 2007.  Retail trade is a subset of all taxable retail sales that excludes construction, services and other non-retail businesses.  Retail trade is a better measure of consumer purchases.

Among major industries, retail sales from construction dropped 3.8 percent to $23.3 billion; motor vehicle and parts dropped 17.3 percent to $10.5 billion; accommodations and food services rose 1.4 percent to $11.1 billion; general merchandise stores declined 1.8 percent to $9.8 billion, the retail component of wholesale trade slid 6.5 percent to $8.7 billion, miscellaneous retailers dropped 2.9 percent to $5.9 billion, information services rose 3.2 percent to $4.9 billion, and building materials, garden equipment and supplies dropped 9.0 percent to $4.9 billion.

Results for the most populous counties:

  Taxable retail sales % change Retail trade % change
King $45.2 billion -4.3% $17.0 billion -7.0%
Pierce $11.7 billion -6.6% $5.6 billion -8.7%
Snohomish $10.8 billion -7.9% $5.3 billion -8.3%
Spokane $7.4 billion -4.2% $3.6 billion -4.8%
Clark $4.6 billion -6.2% $2.0 billion -7.8%

Results for cities with the most sales:

  Taxable retail sales % change Retail trade % change
Seattle $17.1 billion  0.4% $5.3 billion -3.8%
Bellevue $5.6 billion -6.0% $2.4 billion -10.6%
Tacoma $4.3 billion -8.1% $2.0 million -9.3%
Spokane $3.9 billion -2.1% $1.9 billion -1.3%
Everett $2.7 million -8.6% $1.2 billion -10.3%

Taxable retail sales and retail trade by county and city, and a breakdown of sales statewide by industries are available at http://dor.wa.gov/Content/AboutUs/newsroom/html/TRS-RTL-CA2008.htm

Results for all counties and selected cities, including breakdowns of sales by industry sector, are available at http://dor.wa.gov/Content/AboutUs/StatisticsAndReports/2008/qbrcal08/default.aspx.

 

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KimS@dor.wa.gov

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