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Retail sales in October rose 4.2% over the same month last year, fueled by double-digit gains in building supply sales.
Total taxable retail sales in October were $1.33 billion, according to the Maine State Planning Office. Building supply sales grew 10.5% year over year, making October the fifth consecutive month of strong retail sales growth in that category. The other retail category, which includes gift shops, drug stores and dry goods stores, as well as auto and transportation each grew 9.8%. Business operating sales, which mostly consist of out-of-state purchases by Maine businesses, grew 6.5%. Meanwhile, restaurants and lodging saw a year-over-year decline in sales, which is likely due to weather-related fluctuations in tourism, according to the SPO.
Retail sales for the last three months, August through October, were 4.1% higher than the same three-month period a year ago.
The Giving Guide helps nonprofits have the opportunity to showcase and differentiate their organizations so that businesses better understand how they can contribute to a nonprofit’s mission and work.
Learn MoreWork for ME is a workforce development tool to help Maine’s employers target Maine’s emerging workforce. Work for ME highlights each industry, its impact on Maine’s economy, the jobs available to entry-level workers, the training and education needed to get a career started.
Learn MoreWhether you’re a developer, financer, architect, or industry enthusiast, Groundbreaking Maine is crafted to be your go-to source for valuable insights in Maine’s real estate and construction community.
Coming June 2025
Learn moreThe Giving Guide helps nonprofits have the opportunity to showcase and differentiate their organizations so that businesses better understand how they can contribute to a nonprofit’s mission and work.
Work for ME is a workforce development tool to help Maine’s employers target Maine’s emerging workforce. Work for ME highlights each industry, its impact on Maine’s economy, the jobs available to entry-level workers, the training and education needed to get a career started.
Whether you’re a developer, financer, architect, or industry enthusiast, Groundbreaking Maine is crafted to be your go-to source for valuable insights in Maine’s real estate and construction community.
Coming June 2025
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