Taxable sales up throughout the Valley
- Published on 06/13/2012 - 11:46 am
- Written by Business Journal staff
California's taxable sales rose 9 percent in the first quarter of 2011 compared to the year before, the Board of Equalization announced today.
Taxable transactions totaled $118.3 billion in the quarter compared to $108.6 billion in the first quarter of 2010.
A preliminary statewide estimate for the first quarter of 2012 showed an even better outlook, with taxable sale rising 9.3 percent above the same period last year.
In Fresno County, taxable sales were up 7.7 percent year-over-year to $2.5 billion.
Tulare County saw its taxable sales improve 12.5 percent to $1.1 billion, while Madera County was up 10.7 percent to $287.8 million. Kings County sales increased 9.6 percent to $293.4 million.
Colusa County had the most favorable change with sales up 17.9 percent while Sierra County plummeted by 17.6 percent.
Taxable sales in the City of Fresno were up 7.9 percent on the year to $1.43 billion while Clovis improved 8.9 percent to $301.1 million.
In Visalia, sales rose 13.6 percent to $458.6 million while Tulare's went up 14.7 percent to $169.5 million.
Madera saw sales rise 9.6 percent to $117.2 million while Hanford had a 5.8 percent jump to $160.8 million.
Gasoline stations in California saw the greatest jump in sales, with transactions up 22.4 percent to $12.6 billion in the year, while motor vehicle and parts dealers enjoyed a 17.4 percent uptick to $13 billion.
California taxable sales increased at a growth rate 2.3 percent faster than California Personal Income in the first quarter of 2011, the largest positive gap since 2005.