Friday, August 22, 2008

Mining and ag only bright spots in Arizona retail sales

Total retail taxable sales in Arizona for January through July were $30.7 billion, a 7% decrease from the same period a year earlier. The brightest area was mining and agriculture, with a 13.7% increase. The only other sector with an increase was miscellaneous retail, which includes bookstores, office specialty, and pharmacies.

Vehicle sales were off 23% and home furnishings and furniture fell nearly 10% reflecting the drop in home buying.

[right, AZ Dept. of Mines and Mineral Resources]

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