OLYMPIA – Retail sales in Washington jumped 8 percent in the first quarter of this year compared to the same period in 2012, hitting about $26 billion for all taxable sales, the state Department of Revenue reported Monday.
Double-digit growth in taxable sales for construction, building materials, and cars led improved sales for the state’s industries and retail sectors. Spokane County had taxable retail sales of $1.7 billion, up 6.6 percent from the first quarter of 2012, and the City of Spokane had taxable retail sales of $917 million, up 7.4 percent.
In other economic news for the state, Moody’s Investors Service and Fitch Group both upgraded Washington’s credit outlook to Stable, up from Negative, based on improving economic conditions and strong financial management. The revisions will help generate investor interest in upcoming bond sales, State Treasurer Jim McIntire said…
To read the rest of this post, or to comment, continue inside the blog.