Full text of H.8a Weekly Department Store Sales : January 9, 1958

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BOiuxD OF uOVi^.NORS OF THi. FEDERAL RESERVE SYSTEivi

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H.8a

FOR IMMEDIATE RELEASE
J a n u a r y 9, 1958.
N O T I C E
The m o n t h l y i n d e x e s of d e p a r t m e n t s t o r e s a l e s f o r e a c h F e d e r a l Reserve
D i s t r i c t and t h e U n i t e d S t a t e s have been r e v i s e d f o r t h e p e r i o d 19a9 t o d a t e . (A
few of t h e Banks have r e v i s e d t h e i r i n d e x e s f o r a l o n g e r - t i m e p e r i o d . ) For a
d e s c r i p t i o n of t h e p r i n c i p a l f e a t u r e s of t h e r e v i s i o n and i n d e x e s f o r back y e a r s ,
s e e t h e F e d e r a l Reserve B u l l e t i n f o r December 1957> p p . 1323-1352.
As soon a s p r a c t i c a b l e t h e weekly s a l e s i n d e x w i l l a l s o be r e v i s e d ,
t h e r e b y p e r m i t t i n g d i r e c t comparison w i t h t h e r e v i s e d m o n t h l y s a l e s Jindex.

Department s t o r e s a l e s i n c r e a s e d i n December, 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 c h a n g e . The s e a s o n a l l y a d j u s t e d i n d e x i s e s t i m a t e d a t 139 p e r
c e n t of t h e 1947-U9 a v e r a g e , compared w i t h 134 f o r November. T o t a l d o l l a r s a l e s
i n 1957 were one p e r c e n t g r e a t e r t h a n i n t h e p r e v i o u s y e a r .

Index of d e p a r t m e n t 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 a d j u s t m e n t

Dec.

1957
Nov.

Oct.

1256
Dec.

el39
e2k3

13U
163

129
13U

137
21+0

WEEKLY DEPARTMENT STORE SALES
P e r c e n t a g e change from c o r r e s p o n d i n g p e r i o d a
F e d e r a l Reserve
One week ending

District

J a n . 4 | D e c . 2b^|Dec. 2 1 | D e c . 14

Four weeks
ending
Jan. U

1957

Boston
New York
Philadelphia
Cleveland

+
+
+

3
k
2
5

+35
r+37
r+31
r+31

+ 2
+12
+ 8
+ 7

+ 7
+ 4
+10
+ 5

+ 9
+11
+11
+ 9

+
+
-

1
2
1
1

Richmond
Atlanta
Chicago.
S t . Louis

+ i
+ 4
- l
0

r+35
r+30
r+31
r+29

+ 6
c+ 3
+ 1
0

+ 8
+ 6
0
- 1

+10
+ 8
+ 5
+ k

+
+
+
-

2
2
1
1

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

- l
0
+ 2
+ 3

+33
+26
+29
+34

r+
-

+
-

+ 2

r+32

U. S . T o t a l

3
2
3
2

+ 3

3
1
k
4

+ 2

7
3
2
3

+ 2
0
+ 2
0

+ 7

+ 1

+
+
. +
+

U. S . weekly i n d e x , 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-^9=100

1

1957
Stec. 7
Dec. 14
Dec. 21
Dec. 28
Jan,

k

215
266
274
rlit8
95

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

226
260
265
112
93

1955
Dec.
Dec.
Dec.
Dec.
1956
Jan.

10
17
2k
31

235
255
231
88

7

9k

r—Revised.
'
e—Estimated.
c—Corre c t e d .
- / Monthly i n d e x e s r e f e r t o d a i l y a v e r a g e s a l e s i n c a l e n d a r month. December 1957
f i g u r e s e s t i m a t e d from weekly s a l e s .
* This y e a r t h e r e were two s h o p p i n g days b e f o r e C h r i s t m a s wh&.le l a s t y e a r t h e r e
"R6.S o n e .
1ie«5kly i n d e x e s 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 * ! by s e v e r a l of t h e
F e dFRASER
e r a l R e s e r v e Banks.
for

Digitized