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H3L; I H.8a BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM FOR IMMEDIATE RELEASE February 6 , 1958. Department s t o r e s a l e s d e c l i n e d about U per cent i n January a f t e r a l l o w ance "for t h e u s u a l seasonal change. The a d j u s t e d index i s estimated a t 132 per cent of t h e 19U7-k9 average, compared with 138 f o r December and 133 f o r January last year. Index of department s t o r e s a l e s 1 / 19U7-U9=100 Adjusted f o r seasonal v a r i a t i o n Without seasonal adjustment 1958 Jan. Dec. 1957 Nov. Jan, el32 el02 138 2kl 133 162 133 102 WEEKLY DEPARTMENT STORE SALES . Federal Reserve District Percentage change frcm corresponding p e r i o d a y e a r ago (Based on r e t a i l d o l l a r amounts) Jan. 1 Four weeks One week ending ending Feb. 1 ^ Feb. 1| J a n . 25 | J a n . 18 I J a n . 11 Fe:: iE/ Boston New York Philadelphia Cleveland + 6 + 9 + 5 0 + r+ - 7 2 2 7 +2 + h - U +5 Richmond . Atlanta Chicago S t . Louis -•5 - 6 -10 - 6 0 r- 2 r-11 - 6 +8 0 + U +1 "' + + - Minneapolis Kansas City Dallas San Francisco + - + r- 2 3 1 3 - 3 +2 +1 - 5 + - - 3 +2 V^U. S. t o t a l U 3 5 6 - 2 +11 + 1 - 5 + 3 + 3 + k - 1 0 + + + 3 k 1 1 1 1 3 2 0 - 1 - 3 - 3 0 0 - 3 - 3 1 k 3 3 + 1 0 - 2 - k 0 0 - 1 - 3 + 1 - 1 0 U. S . weekly index, without seasonal a d j u s t m e n t , 19^7-1:9=100^/ 1958 Jan. U J a n . 11 Jan. 18 Jan. 25 Feb. 1 95 108 102 93 92 1957 Jan. 5 J a n . 12 J a n . 19 J a n . 26 Feb. 2 93 107 100 96 9k 1956 Jan. 7 lh J a n . 21 J a n . 28 Feb. k 9h 10U 98 9k 90 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 calendar month. January 1958 f i g u r e s estimated from weekly s a l e s . 2 / Comparison p e r i o d begins with December 30 - January k week i n 1958 and with December 31 - January 5 week i n 1957. 3 / For d e s c r i p t i o n and weekly indexes f o r t h e p e r i o d January 1937 t o March 1952 see Federal Reserve B u l l e t i n f o r A p r i l 1952, pp. 359-362. Indexes f o r the period A p r i l 1952 t o date may be obtained upon r e q u e s t frcm t h e Division of Research and Statistics. Digitized forWeekly FRASER 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 are published by s e v e r a l of t h e F e d e r a l Reserve Banks. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
@FedFRASER