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.'09 '! BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM FOR IMMEDIATE RELEASE December 6, 1956 • H.8a Department s t o r e s a l e s i n November recovered s h a r p l y from t h e reduced l e v e l of t h e preceding month a f t e r allowance f o r t h e u s u a l s e a s o n a l change. The a d j u s t e d index i s e s t i m a t e d a t 129 per cent of t h e 19kl-h9 average* compared w i t h 122 f o r October and 122 f o r November a year ago* . 1956 Nov. Index of department s t o r e s a l e s 1 / 1947-U9=100 A d j u s t e d f o r seasonal v a r i a t i o n Without s e a s o n a l adjustment e 129 e 1# Oct, Sept. 1955 Nov. 122 127 129 131 122 118 WEEKLY DEPARTMENT STORE SALES F e d e r a l Reserve District Percentage change from corresponding p e r i o d a year <ago (Based on r e t a i l d o l l a r amounts) Four weeks Jan. 1 ending One week ending to Dec. 1 Dec. 1 Dec. 1 |Nov.24 1 Nov.17 |Nov.lQ Boston New York Philadelphia Cleveland - h 0 - 2 + 1 + 1 0 .0 r- 7 + 2 +~ 9 + 7 + 5 - 5 8 7 8 - 1 0 - 1 - 2 + 2 + 4 + 3 + 3 Richmond Atlanta Chicago S t . Louis + + r+ r+ + + 1 8 6 h + + + + 9 5 9 5 - 5 * 5 + 2 - 2 0 + It + 6 + 3 + Minneapolis Kansas C i t y Dallas San F r a n c i s c o + 3 + 1 -12 - 8 r+ 8 - 1 + 2 ~v + + + + 6 l 1 2 ~ h 0 - 1 - h + 3 0 - h - 3 h i 2 + 1 + 1 + 6 - 3 + 1 + U. S . Total 3 2 6 U ~ 1 • r + 2 5 U h + 3 U . S . weekly index, without s e a s o n a l a d j u s t m e n t , 1947-49=100 1955 1954 1956 Nov. 6 Nov. 3 12li Nov . 5 127 128 Nov.. 10 137 Nov . 12 130 Nov. 13 Ihl Nov. 20 Nov . 19 Nov. 17 151 142 134 Nov, 2U IhQ Nov . 26 11*6 Nov. 27 133 Dec . 3 Dec. .1 196 Dec, 4 192 197 e—Estimated. r—Revised. 1 / Monthly indexes r e f e r t o d a i l y average s a l e s i n c a l e n d a r month, November 1956 f i g u r e s e s t i m a t e d from weekly s a l e s , NOTE: Since s a l e s r i s e s h a r p l y w i t h t h e approach of Christmas, t h e f a c t t h a t t h e corresponding week l a s t year was two days n e a r e r Christmas becomes i n c r e a s i n g l y s i g n i f i c a n t i n comparing weekly d a t a . Allowance should be made f o r t h i s calendar i r r e g u l a r i t y i n e v a l u a t i n g t h e weekly percentage changes from a year ago. 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 the F e d e r a l Reserve Banks. i !
@FedFRASER