Oil and agriculture slump hurt early 2016 taxable sales and purchases

BISMARCK, N.D. - Taxable sales and purchases from April to June this year fell to levels similar to those in 2011.

The state tax department says that's a second quarter drop of nearly 26 percent compared to last year.

The continued energy slump hit the mining and oil sector hard, decreasing by 67 percent at $581.3 million.

Low commodity prices have contributed to the decline in the wholesale trade sector, which decreased by $461.6 million, a rate of 34 percent.

Of 15 industries, the only two sectors to increase in size were the educational, health care and social services sector as well as art, entertainment and recreation.

The full report is attached to this article.