Taxable Sales Up Across Lafayette Parish

Lafayette, LA— With more than $537 million in sales in June, year-to-date taxable sales have reached $3.09 billion. Year-to-date sales are up 4.6% from 2018 and up 6.9% from 2017.

Total taxable sales are up 3.3% in the City of Lafayette and 20.0% in unincorporated areas of the parish. Sales are also up in neighboring municipalities— Broussard (2.2%), Carencro (11.5%), Scott (5.4%), and Youngsville (2.9%). Sales in Duson are down 5.0%

“Taxable sales continue to improve from the decline seen in 2016 across the parish and in most categories,” says Gregg Gothreaux, President and CEO of the Lafayette Economic Development Authority. “LEDA’s forecasting model estimates total taxable sales in 2019 will reach $6.2 billion—outpacing 2018’s total. As the year progresses, we’ll continue to monitor taxable sales as a concurrent economic indicator that changes with the overall economy.”

Within the City of Lafayette, total sales are up in the food, general merchandise, auto, furniture, and services categories— ranging from 11.7% to 0.5%. Apparel, building materials, and miscellaneous/other are down slightly— 0.1%, 1.5%, and 1.9%, respectively.

Sales tax collection numbers are gathered by the Lafayette Parish School System.

(Press release sent to KPEL News)