State’s taxable retail sales up 7.1 percent in fourth quarter

Washington state’s taxable retail sales grew in the fourth quarter of 2014, rising 7.1 percent over the prior year, according to the Washington State Department of Revenue.

Washington state’s taxable retail sales grew in the fourth quarter of 2014, rising 7.1 percent over the prior year, according to the Washington State Department of Revenue.

Taxable retail transactions between Oct. 1, and Dec. 31, 2014, increased to $33.4 billion. Retail trade, which is a portion of all taxable retail sales, jumped 5.4 percent to a total of $15.5 billion.

A roll-up of all taxable retail sales for 2014 is expected to be available mid May.

The figures are from a quarterly report prepared by the Washington State Department of Revenue. The Quarterly Business Review details the fourth quarter 2014 taxable sales by industry, as collected from tax returns. The report compares the fourth quarter of 2014 to 2013, equalizing any seasonal effects that would influence spending decisions.