Published: Sunday, October 11, 2009
Second-quarter taxable retail sales down a record amount in Washington state
OLYMPIA — The state Department of Revenue says second quarter taxable retail sales are down a record amount in Washington, when compared to the second quarter of 2008.
Statewide taxable retail sales fell 14 percent when compared to the April-to-June period of 2008.
State officials say the statewide decline is the largest on record since 1974, about the time the state started to track retail sales data.
The state revenue forecaster is expecting some economic improvement through the rest of the year. He says Washington should see some improvement in the third and fourth quarters, but people shouldn’t expect a big change.
The state Department of Revenue releases the retail sales data about three months after the quarter has ended.
Statewide taxable retail sales fell 14 percent when compared to the April-to-June period of 2008.
State officials say the statewide decline is the largest on record since 1974, about the time the state started to track retail sales data.
The state revenue forecaster is expecting some economic improvement through the rest of the year. He says Washington should see some improvement in the third and fourth quarters, but people shouldn’t expect a big change.
The state Department of Revenue releases the retail sales data about three months after the quarter has ended.
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