Arizona Taxable Retail Sales
Arizona Taxable Sales Reach New Record High
Arizona's restaurant revenues were off 11.1% in June (collection month of July)--but that was not as bad as the hefty 21.4% y-y drop in May. Meanwhile, statewide taxable retail sales rose 13.5% on a year-over-year basis for June (June revenue data), which followed a 6.3% y-y gain in the prior month. On a month-over-month seasonally adjusted basis, statewide taxable retail sales rose 3.8% in June relative to May (again adjusted for the one-month shift between filing sales taxes and the collection period), which pushed the sales tally (seasonally adjusted) to a new record high. Over the long-haul, the average monthly increase in Arizona's taxable retail sales per month, seasonally adjusted, was 0.4%. By county, Mohave county retail sales rose by a hefty 32.0% y-y. Pima's retail sales rose by 11.7% y-y in June, while Maricopa County posted a 12.7% y-y gain.
Update: August 13, 2020