Full text of H.8a Weekly Department Store Sales : April 3, 1958

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• BOARD OF GOVERNORS OF Tito fEDERAL RESERVE SYSTEM
" ""
FOR IMMEDIATE RELEASE
!
A p r i l 3> 1958.

I H.j-ba

S e a s o n a l l y a d j u s t e d March s a l e s a t department s t o r e s showed a s u b s t a n t i a l
r e c o v e r y from, t h e low l e v e l of t h e preceding month. The a d j u s t e d index f o r t h e
month i s e s t i m a t e d a t 130 p e r cent of t h e 1947-49 average, compared w i t h 124 f o r
February and 137 f o r March l a s t y e a r .
Index of department s t o r e s a l e s 1 /
1947-49=100
Adjusted f o r seasonal v a r i a t i o n
Without s e a s o n a l adjustment

Mar.

1958
Feb.

el30
ell5

124
95

___
Jan.

1957
Mar.

130
100

137
114

"WEEKLY DEPARTMENT STORE SALES
Percentage change from corresponding p e r i o d a year ago
F e d e r a l Reserve
District

j

One week ending
Mar . 291 Mar. 22 ] Mar. 15 j| Mar, d

Boston
&ew York
Philadelphia
Cleveland

+12
+11
+ 2
- 2

r

0
- 6
r-20
+ 2

+
+
-

8
9
1
9

+ 2
+15
+22
+ 4

+

Richmond
Atlanta Chicago
S t . Louis

3
- 3
3
- 1

r-18
- 1
r- 5
- 6

+
-

2
4
1
6

+ 5
+17
+ 1
+ 3

- 3
+ u
- 2
- 3

Minneapolis
Kansas C i t y
Dallas
San F r a n c i s c o

+

r+
+

3
1
4
5

+17
- 2
- 3
- 5

+13
- 1 .
+ 2
+ 1

- 4

- 1

+ 7

+
-

-

1
5
1

+ 2

U. S . t o t a l

Jan. 1
to
Mar. 29

Four weeks
ending
Mar. 29
2
+ 7
0
- 1
j;
1

+
-

2
2
3
4

-

3
3
5
4
i
1
U
2

6
1
2
0

i

-

+ 1

|

- 2

U. S« weekly index, w i t h o u t s e a s o n a l a d j u s t m e n t , 1947-49=100
1958
Ear.
Mar >
Mar.
Mar.
Mar.

1
8
15
22
29

100
1#
106
109
"114

1957
Mar. 2
Mar. 9
Mar. 16
Mar. 23
Mar. 30

99
98
107
113
112

1956
Mar.
Mar,
Mar.
Mar.
Mar.

3
10
17
24
31

104
109
105
112
122

r—Revised.
e—Estimated.
1 / Monthly indexes r e f e r t o d a i l y average s a l e s i n calendar month. March 1958
f i g u r e s e s t i m a t e d from weekly s a l e s .
2 / During March and A p r i l changes from a year ago r e f l e c t i n p a r t t h e f a c t t h a t l a s t year E a s t e r was on A p r i l 21 while t h i s year i t w i l l be on A p r i l 6 . For t h i s reason
i t i s e s t i m a t e d t h a t i n comparison w i t h l a s t year an allowance should be made f o r
'arr i n c r e a s e i n s a l e s of about 6 per cent f o r the month of March as a whole and a
corresponding decrease f o r t h e month of A p r i l . These allowances apply t o t h e
f i g u r e s f o r t h e United S t a t e s .
'Weekly indexes a t t h e d i s t r i c t and c i t y l e v e l s a r e p u b l i s h e d by s e v e r a l of t h e
F e d e r a l Reserve Banks.