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September sales set high point in Lafayette Parish

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Posted at 4:34 PM, Nov 04, 2020
and last updated 2020-11-04 17:34:06-05

With more than $602 million in estimated taxable sales in September, year-to-date sales in Lafayette Parish reached $4.64 billion—0.87% lower than 2019 but 4.32% higher than 2018. Parish-wide, sales have increased 35.4% compared to the low in April 2020.

That $602 million figure is a high point.

“September 2020 is the first non-December month to reach at least $600 million in taxable sales in a single month. In fact, we’ve only seen monthly sales reach $600 million three other times since 1997,” said Gregg Gothreaux, President and CEO of the Lafayette Economic Development Authority (LEDA). “Our economy has seen steady improvement as operating restrictions have been eased and people are returning to work. This is a trend local retailers and service providers want to see continued as we enter the holiday shopping season.”

In the City of Lafayette, year-to-date estimated sales are down 2.91% compared to 2019; however, sales are up 42.7% from the low in April 2020.

Year-to-date estimated sales are up in Carencro (9.6%), Youngsville (7.1%), and unincorporated areas (10.7%) compared to 2019. Sales are down in Broussard (4.0%), Duson (2.3%), and Scott (1.3%).

Comparing April 2020 to September 2020, estimated taxable sales are up in Broussard (13.3%), Carencro (15.7%), Scott (28.3%), Duson (17.4%), Youngsville (24.8%), and unincorporated areas (27.1%).

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