Full text of H.8a Weekly Department Store Sales : April 5, 1956

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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
h.8a

FOR IMMEDIATE RELEASE
April 5, 1956

Department store sales were unchanged in March after allowance for the usual
seasonal change. The adjusted index is estimated at 118 per cent of the 19U7-U9
average, compared with 118 for February and 115 for March 1955* Daily average sales
for the period January 1 through March 31 were 4 per cent greater than in the corresponding period last year.
Index of department store sales 1/
19u7-li9=100
Adjusted for seasonal variation
Mthout seasonal adjustment

Mar.
ell8
el07

1956
Feb.
118
. 92

Jan.

1955
Mar.

12 i;
95

115
100

WEEKLY DEPARTMENT STORE SALES
Federal Reserve
District

Boston
New York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
St. Louis

Percentage change from corresponding period a year ago
(Based on retail dollar amounts) 2/
Four weeks
Jan. 1
One week ending
ending
to
Mar. 31 j Mar. 24 | Mar. 17 | Mar. 10
Mar. 31
Mar. 31
+ 8
h
+ 6

-28
r- 6
r 0
+20

-16
- 7
- 2
- h

- 2
+ 9
+10
+18

- 9
0
+ 3
+ 9

+
+
+

+ 9
+13
0

+10
+12
+17
+25

+ 2
- 2
+ 2

+ 3
+ 7
+ 6
+10

+ 6
+ 7
+ 6
+11

+ k
+ 6

- 6

- 5

- 9
0

+
+
+

2
1
8
3

+ 2
+ h
+ 7

- 3

+ 7

+

+ 5

+ 5

Minneapolis
Kansas City
Dallas
San Francisco

+17
+12

r+13
+19
+12
+ 7

U . S . Total

+ 6

+ 9

+ 5

+ 5
0

k
2
h
7

+ 3

+ 5

* 5

+
+
+
+

3
2
4
1

+ 5

+

k

U. S. weekly index, without seasonal adjustment, 19U7-U9KLQO
1954
ssr
Mar. 5
Mar. 6
98
85
Mar. 10
Mar. 12
102
Mar. 13
92
lar. 17
Mar. 19
Mar. 20
108
95
Mar. 26
103
Mar. 27
100
Mar. 31
Apr. 2
Apr. 3
111
103
r—Revised.
e--Estimated.
1/ Monthly indexes refer to daily average sales in calencfer month. March 1956
figures estimated frcm weekly sales.
2/ During March and April changes from a year ago reflect in part the fact that last
year Easter was on April 10 while this year it was on April 1. For this reason it
is estimated that in comparison with last year an allowance should be made for an
increase in sales of about 4 per cent for the month off March as a whole and a corresponding decrease for the month of April. These allowances apply to the figures
for the United States.
indexes at the district and city levels are published by several of the
Digitized forWeekly
FRASER
Federal Reserve Banks.