Statewide taxable sales up in October
Statewide taxable sales for October in Nevada totaled $4,672,847,151, a 5.2 percent increase over October 2016, according a new report released by the State of Nevada Department of Taxation.
The largest increases were by merchant wholesalers, durable goods, up 20 percent. Food services and pubs, up 3.6 percent; motor vehicle and parts dealers, up 6.9 percent; building material and garden equipment and supplies, up 13.2 percent; and miscellaneous store retailers, were up 32.5 percent.
Twelve of Nevada’s 17 counties recorded an increase in taxable sales including: Douglas, Elko, Esmeralda, Lincoln, and Pershing recorded a decrease.
Northern Nevada’s smaller markets expect economic stability in 2021; issues could slow future growth
While much of the economic attention in Nevada has centered on Las Vegas and Reno, the Silver State’s smaller markets and rural communities are in varying degrees of rebounding from the COVID recession.