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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM x FOR IMMEDIATE RELEASE September 3» 1959. H.8a Seasonally adjusted department store sales advanced to a new high in August. The index for the month is estimated at 150 per cent of the 1947-49 average, a rise of 1 per cent from the previous high of 149 established in July. 1252 1958 Index of department store sales 1/ August July June August 1947-49 =100 Adjusted for seasonal variation el50 149 144 147 Without seasonal adjustment el32 121 136 129 WEEKLY DEPARTMENT STORE SALES Percentage change from corresponding period a year ago One week ending District Aug. 291Aug. 221Aug. 151Aug. 8 -14 -14 -13 -11 Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis ^15 - 1 - 5 - 6 Minneapolis Kansas City Dallas San Francisco U. S.Total Four weeks ending Aug. 29 Jan. 1 to Aug. 29 + 3 + 3 + 6 + 7 -14 r-11 -12 - 2 0 0 + 3 + 4 + 9 + 9 + 8 +10 - r+ - + + + + 1 9 6 4 + 4 + 7 +11 + 4 - 5 + 5 + 2 0 + + + + 8 4 4 2 6 5 5 1 5 7 9 7 -15 - 5 + 1 0 - 2 - 1 + 5 r+11 +11 + 8 + 7 +11 +15 + 9 +10 + 8 + + + + 1 3 5 7 + 5 + 8 + 8 +10 - 7 - 1 + 6 + 9 + 1 + 7 U. S. weekly index . without seasonal adjustment. 1947-49=100 2/ 1959 Aug. Aug. Aug. Aug. Aug. 1 8 15 22 29 121 131 132 132 138 1958 ^ Aug. Aug. Aug. Aug. Aug. 2 9 16 23 30 114 120 124 134 149 mLAug. Aug. Aug. Aug. Aug. 3 10 17 24 31 111 118 122 130 144 r—Revised. . e—Estimated. 1/ Monthly indexes refer to daily average sales in calendar month. August figures estimated from weekly sales. 2/ For description and weekly indexes for the period January 1937 to March 1958 see Federal Reserve Bulletin for April 1958, pp. 412-421. Weekly indexes at the district and city levels are published by several of the Federal Reserve Banks. _
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