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BOARD OF GOVERNORS GF THE FEDERAL RESERVE SYSTEM ' ' • '•! •; FOR. IMMEDIATE RELEASE | February 7, 19i>7 Department s t o r e s a l e s i n January were a l i t t l e below the December l e v e l , a f t e r allowance f o r t h e usual seasonal change. The a d j u s t e d index i s estimated a t 126 per cent of the 19k7-k9 average, compared with 129 f o r December and 12k f o r January a y e a r ago, 1957 19# Index of department s t o r e s a l e s 1 / Jan* Dec* Nov. Jan. < ' 19b7-b9=100 Adjusted f o r seasonal v a r i a t i o n e 126 129 131 12ii Without seasonal adjustment e 96 223 158 95 H.8a ' WEEKLY DEPARTMENT STORE SALES Federal Reserve District Percentage change from corresponding period a year ago (Based on r e t a i l d ' o l l a r amounts) Four weeks Jan. 1 One week ending ending to , Feb. Z\Jan. 26| Jan. 19 |, Jan. 12 Feb, 2 ' Feb. 2' II Boston ,New York Philadelphia Cleveland + + 9 3 3 5 r+ r+ 1 7 3 1 + - Richmond Atlanta Chicago S t . Louis +17 + 9 + 4 + 3 rr+ + r 5 8 3 0 + 1 + 3 + 3 +11 Minneapolis Kansas City Dallas San Francisco 0 +10 +10 0 + r+ 1 3 7 9 + + + + + h U. S. Total TT 195? Jan. 5 Jan. 12 J a n . 19 J a n . 26 Feb. 2 93 107 100 96 9k 7 5 7 3 + 2 + 2 otita enrto 1 c/4 wacHw n n/3 1956 + + + k 1 k 3 Jan. 7 J a n . lit J a n . 21 Jan. 28 Feb, k 9k 10U 98 9k 90 3 9 k 1 - U + 5 0 + 1 + +13 + 5 - 3 - 2 + + + + 6 6 2 3 + 6 + 5 0 + l + 1 - k 0 + 2 + + + + 2 2 2 k + + + + + 3 < - 3 h + l 0 l 2 2 3 + 2 + 3 'ii7—}iO»inn *$1 1955 Jan. 8 J a n . 15 J a n . 22 J a n . 29 Feb. 5 106 99 95 87 86 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, January 1957 f i g u r e s estimated from weekly s a l e s , January t h i s year had one more t r a d i n g , day than l a s t . " 2 / Comparison period begins with December 31-January 5 week'in 1957 and with the ~ January 2-7 week i n 1956, 3 / For d e s c r i p t i o n and weekly indexes f o r the 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, p p . 359-362, Indexes f o r t h e p e r i o d A p r i l 1952 t o d a t e may be obtained upon request from the Division of Research and S t a t i s t i c s . Weekly indexes a t the 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 Digitized for Federal FRASER Reserve Banks.
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