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RETAIL SALES, BUSINESS PURCHASES INCREASE 13.8% OVER A YEAR AGO

SHARE RETAIL SALES, BUSINESS PURCHASES INCREASE 13.8% OVER A YEAR AGO

Taxable retail sales and business purchases in June in Utah increased 13.8 percent to $1.44 billion compared to the same month a year ago, according to the State Tax Commission.

Retail trade sales of $886 million were up 16.5 percent in June, taxable business investment purchases and utility sales increased 5 percent and taxable services increased 24 percent over June 1994."During the first six months of 1995, taxable sales may approach an 11 percent growth rate, very close to 1993 and 1994 gains," said Douglas A. MacDonald, the commission's chief economist.

MacDonald said sales by retailers were strong, with furniture sales up 24 percent, catering and drinking up 44 percent and miscellaneous shopping-good stores sales up 32 percent.

Speaking geographically, MacDonald said taxable sales increased 14 percent in Salt Lake County; 22.5 percent in Utah County; 18 percent in Weber and Davis counties; 15 percent in Cache County; and 84 percent in Iron County. On the negative side, sales in June declined nearly 38 percent in Washington County.