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Mercer Island retail sales flat in second quarter
Statewide, taxable retail sales increased 4.7 percent to $26.8 billion during the second quarter of 2012, compared to the same period in 2011, the Washington state Department of Revenue reported on Oct. 5.
Retail trade increased 5.3 percent to $12.3 billion over the second quarter of 2011.
Retail trade is a subset of all taxable retail sales that includes retailers but excludes other industries, such as services and construction. Taxable retail sales represent all sales for services and goods.
Statewide, construction was up 7 percent to $3.9 billion, motor vehicles and parts rose 12.9 percent to $2.9 billion, and general merchandise stores were up 2 percent to $2.4 billion.
In Mercer Island, taxable retail sales increased just under four percent for the second quarter of 2012, over the same period a year ago, increasing from $71 million to $73.7 million.
Island retail trade-only sales were flat for the second quarter of this year, increasing just $14,000 over the $19,067,749 total in the second quarter of 2011.
Bellevue saw a notable increase in taxable retail sales and retail trade during the second quarter of 2012, compared with the same period in 2011.
Retail trade for Bellevue, including all taxable retail sales except industries such as services and construction, went up by 13.7 percent, to $636 million — the highest percentage growth out of all of the state’s top five cities with the most sales, according to the Department of Revenue.
Retail sales were up 7.2 percent to $1.3 billion, according to the Department of Revenue. The only other city — out of the state’s top five with a larger percentage increase — was Seattle, which went up by 10.3 percent to $4.3 billion.