North Dakota taxable sales and purchases up in third quarter
BISMARCK — North Dakota's taxable sales and purchases saw a modest bump in the third quarter of 2017, inching up 2.3 percent from the same three-month period the year before.
The third quarter total of nearly $4.731 billion marked the second consecutive quarter the economic indicator has increased, according to State Tax Commissioner Ryan Rauschenberger's office. The tax commissioner said that's an especially positive sign considering July, August and September saw severe drought in North Dakota.
"Although the retail trade sector was down during the third quarter, we see a large increase in some of the industries related to oil activity," Rauschenberger, a Republican, said in a statement. "If energy prices continue to rise, we could feel the impact in other areas as well."