January 3, 2019

Rebound continued in third quarter

By Jerry W. Kram
The Bakken continued to pull North Dakota out of the economic doldrums in the third quarter of 2019, according to the latest report on taxable sales and purchases from the North Dakota Tax Commissioner’s office.
North Dakota’s taxable sales and purchases for the third quarter of 2018 are up. Taxable sales and purchases for July, August and September of 2018 were nearly $5.610 billion, an 18.17 percent increase over those months in 2017.
“With the highest percent year-over-year increase since the third quarter of 2012, this is the best taxable sales and purchases report we’ve seen in several years.” Tax Commissioner Ryan Rauschenberger said. “We have been seeing moderate growth in this report the past few quarters. This slightly-larger growth shows the continued momentum in North Dakota’s economy.”

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