Monday, February 24, 2014

Sales in fourth quarter up in Virginia, on Peninsula

The end of 2013 saw a slight increase in taxable sales in Virginia, according to the latest data from the state's department of taxation.

Overall, taxable sales in Virginia - which includes categories such as retail, food, hospitals, manufacturing and real estate - increased by about 1.7 percent year-over-year between and Nov. 1, 2013 and Jan. 31, 2014.

The taxable sales report is published by the Weldon Cooper Center for Public Service at the University of Virginia. The center posts quarterly and annual data dating back to 1996 Super Sale its website,

James City County saw a 6 percent increase year-over-year in the final quarter of 2013 and Suffolk posted a 3.3 percent increase.

Other counties and cities on the Peninsula saw increases, as well, but most were only slightly increased over 2012 numbers.

York, Hampton and Williamsburg, saw about a 1 percent increase in taxable sales year-over-year, while Gloucester, Newport News, Poquoson sales increased by about 2 percent. Isle of Wight County sales were largely flat.

No counties or cities on the Peninsula posted a decrease in sales.

Holiday sales increased by about 3.8 percent nationwide, according to the National Retail Federation. Retail sales, however, only account for a portion of the overall taxable sales report generated by the state.

The U.S. Census Bureau reported that total sales from October to December increased by 1 percent, nationwide.

Paitsel can be reached by phone at 757-247-4737.

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