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1 • ~ BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM FOR IMMEDIATE RELEASE September k, 1958. k — r H.8a Department store sales in August increased sharply over the July level and the Board's seasonally adjusted index is estimated at 1 * per cent of the 18 1 1 7 1 9 average, a record level. The previous high was reached in August 1957, 9*-* when the index was l * * ll. Aug. 1958 July June 1957 Aug. ell*8 el30 Index of department store sales 1/ 191*7-1*9=100 Adjusted, for seasonal variation vvithout seasonal adjustment l* l0 113 133 126 lUU 127 WEEKLY DEPARTMENT STORE SALES Federal Reserve ^ District Percentage change from corresponding period a year ago (Based on retail dollar amounts) Four weeks Jan. 1 One week ending ending to Aug. 30 | Aug. 23I Aug. 16 1 Aug . 9 Aug. 30 Aug. 30 I I + 7 + 1 * + 1 . + 3 + r+ + r- 7 I * 9 2 + h + 1 0 +3 - 2 + 0 + 1 * - 2 Richmond Atlanta Chicago St. Louis + 6 +11 - 2 + 6 r+ r+ + 1 5 1 6 + + + 1 * 1 2 1 : + 3 + 9 -5 + 2 Minneapolis Kansas City Dallas San Francisco + 1 +10 + 3 + 2 Boston New York Philadelphia Cleveland + 3 U. S. Total 0 / + 8 + k ' + 4 r r+ + + + - 1 1 1 U + k + 2 1 5 3 1 2 2 1 . k - 5 7 3 3 - 1 + 8 • 3 + 3 + - + 2 0 7 1 2 + 2 + 3 5 + 2 " + k - 1 + 3 - 1 + +6 - 2 U. S. weekly index, without seasonal adjustment, 1 1 7 1 9 = 10( 9*-* 10^ 1958 Aug. Aug. Aug. Aug. Aug. 2 9 16 23 30 Ill* 120 11 2* 11 3* 1* 19 1957 r—Revised. Aug. Aug. Aug. AUg. Aug. 3 10 17 2* 1 3-1 Ill 118 122 130 Ihh 1956 1 * 11 18 25 Sept, 1 . Aug. Aug. Aug. Aug. 113 117 121 130 139 e—Estimated. 1/ Monthly indexes refer to daily average sales in calendar month. August 1958 figures estimated from weekly sales. August this year had one less trading day than last. 2/ For description and weekly indexes for the period January 1937 to March 1958 see Federal Reserve Bulletin for April 1958» pp. 1*12-1*21. weekly indexes at the district and city levels are published by several of the Federal Reserve Banks.
@FedFRASER