Full text of H.8a Weekly Department Store Sales : January 8, 1959

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^H.8a
™

BOARD OF GOVERNORS OF THE "FEDERAL RESERVE SYSTEM
FOR IMMEDIATE RELEASE
January 8, 1959.

Department s t o r e s a l e s i n December i n c r e a s e d s u b s t a n t i a l l y from t h e
November l e v e l . T h e , s e a s o n a l l y a d j u s t e d index f o r December i s e s t i m a t e d a t >45
per cent of the 1947-49 average compared w i t h 137 i n November and 138 i n December
1957.
1958
1957
Nov*
Oct,
Dec.
Dec.
Index of department s t o r e s a l e s 1 /
1947-49 = 100
Adjusted f o r s e a s o n a l v a r i a t i o n
138
el45
137
135
Without seasonal adjustment
166
141
e254
241
WEEKLY DEPARTMENT STORE SALES
Percentage change from 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)
Four weeks
Year
One week ending
ending
1958
Jan. 3
J a n . 3 | Dec. 27* | Dec. 201 Dec. 13

F e d e r a l Reserve
^District

- 6
+ i
6
+10

+34
r+28 .
+31
r+25

+
+
+

3
3
2
3

+
+
+
+

6
5
3
1

+
+
+
+

9
6
8
7

Richmond
Atlanta
Chicago
S t . Louis

+
+
+
+

4
7
1
3

r+29
r+27
+31
r+23

+
+
+
+

2
3
8
6

0
+ 2
o
+ 2

+
+
+
+

7
8
8
7

Minneapolis
Kansas C i t y
Dallas
San Francisco

- 2
- 8
0
+ 8

r+27
+29
+26
+33

+
+
+
+

3
8
1
1

+
+
+
+

+
+
+
+

7
9
6
9

+ 3

+30

Boston
New York
Philadelphia
Cleveland

;
;
!
:

U, S . Total

+

+ 3

2
4
2
3

+ 3

,

+ 8

+
+
+
x

2
3
2
2

+2
- 2
0

0
i
i + 4
j
0
[ + 2
|

+ 1

£/
U. S. weekly i n d e x , without s e a s o n a l a d j u s t m e n t , 1947-49 = 100-'
1958
Dec. 6
Dec. 13
Dec. 20
Dec. 27
1959
3

244
2%
304
205
105

1957
"Dec. 7
Dec. 14
Dec. 21
Dec. 28
1958
Jan. 4

230
285
294
158
102

1956
Dec. 8
Dec. 15
Dec. 22
Dec. 29
1957
Jan. 5

246
283
289
121
100

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. December f i g u r e s
estimated from weekly s a l e s . December t h i s year had one more t r a d i n g day t h a n l a s t .
2/ 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 1958 see
Reserve B u l l e t i n f o r A p r i l 1958, p p . 412-421.
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
Federal Reserve Banks.
This year t h e r e were t h r e e shopping days b e f o r e Christmas compared with two l a s t
year.