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H.8b BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM FOR IMMEDIATE RELEASE ' ' • • • . - December 16, 19o0., INTERPRETATION OF PERCENTAGE CHANGES DURING CHRISTMAS SEASON: Since sales rise sharply with the approach of Christmas, it is important in evaluating the weekly year-to-year percentage changes to note that the comparison weeks in 1959 have the advantage of ending two days, nearer to Christmas. Correspondingly, the i960 weeks are at a disadvantage in these comparisons. If sales were available for exactly comparable calendar periods in both years. the resulting percentage changes probably would be somewhat more favorable than those shown below, WEEKLY DEPARTMENT STORE SALES - SELECTED CITIES AMD AREAS Percentage change from corresponding period a year ago (Based on retail dollar amounts) Week ending J an.-Oct. 1 I960 Nov, 19] Nov. 261 Dec. llDec. 10 ±-1 =JL z_2 Federal Reserve District, . Area, and City UNITED STATES Boston District Metropolitan Areas Boston Downtown Boston Suburban Boston Cambridge Quincy Lowell City Springfield ±Jt' rzJ> +_2 Mass, 1 1 1 1 1 1 + + + + - + - 3 3 4 7 2 3 4 7 2 6 5 7 r- 5 - 7 r- 3 - 2 r-10 -14 0 - 3 + 4 0 - 6 - 5 - 3 + 5 + 4 -5 + 8 New York District Metropolitan Areas N.Y. Buffalo New York-N.E. New Jersey N.Y.-N.J. N.J. Newark N.Y. New York 1 1 • Rochester Syracuse " ±A- =J> _o + 2 + 5 o+ 1 + 4 0 -11 - 6 -11 - 9 - 8 -10 - 2 - 1 -12 - 3 - 4 0 r-16 r- 8 r-16 r-10 - 5 - 7 Philadelphia District Metropolitan Areas Wilmington Trenton Lancaster •Philadelphia .Reading Scranton Wilkes-Barre—Hazleton ±_1 -11 - 3 -13 -10 -13 -15 - 8 + - r- 2 - 6 - 6 -10 -10 -17 -13 Del. N.J. Pa. + 1 + 5 + 3 0 + 1 - 1 0 -_o + 5 + 1 +10 + 6 + 4 r+ 6 ±_2 ' + 3 + 1 . -10 - 1 + 2 0 __2 6 2 4 4 4 4 1 + + + + - 0 5 8 2 8 1 3 H.8b Page 2 WEEKLY DEPARTMENT STORE SALES - SELECTED CITIES AND AREAS (Continued) Percentage change from corresponding period a year ago (Based on retail dollar amounts) Jan.-Oct. Week ending I960 Nov. 191 Nov. 261 Dec. 31 Dec. 10 Federal Reserve District, Area, and CityCleveland District Metropolitan Areas Lexington s Akron Canton Cincinnati Cleveland Downtown Cleveland Columbus Springfield Toledo Youngstown Erie Pittsburgh Downtown Pittsburgh Wheeling Richmond District . Metropolitan Areas Washington Downtown Washington Baltimore Downtown Baltimore Richmond Atlanta District Metropolitan Areas Birmingham Mobile Jacksonville Miami 'Tampa-St. Petersburg Atlanta Augusta Columbus New Orleans Knoxville Cities ^ Miami-Downtown Central Atlanta Chicago District Metropolitan Areas Chicago Indianapolis Detroit Grand Rapids Milwaukee +2 Ky. Ohio " " " " zJ. - 3 + 1 -11 -10 -11 - 6 - 9 -14 - 6 -12 - 3 -13 -15 - 1 + 1 + 2 - 1 Pa. + + + - 2 7 1 1 3 + 5 W.Va. + 2 0 " J! 1 1 " - 5 - 8 -18 0 -10 ±_2 8 6 5 2 0 - 6 r+ 6 -12 + 9 - 4 r- 7 0 - 3 - 2 -18 -17 -13 - 9 -13 : -19 - 5 -14 - 2 -14 - 7 -11 -14 - 3 -10 - 4 - 4 0 0 - 7 + 1 - 7 + 9 - 1 + 4 +11 + 9 - 1 + r-2 D.C. " m . ." Va. 0 - 6 0 - 5 4 r=_l -11 -15 - 7 - 7 -12 - 2 - 8 - 3 - 4 -10 - 2 + 1 -12 +14 0 - 8 -12 - 6 -22 r- 1 - 3 -15 r-_8 ±_1 Ala. r- 8 r-15 - 7 r-10 -12 - 2 - 8 - 1 - 2 - 8 r=_l la. Tenn. 0 + 2 +10 + 8 + 7 + 1 + 2 - 4 0 0 Fla. Ga. -11 -11 -16 -10 -22 -16 -17 -13 i-i =JL =J1 z-6 + 1 -10 + 4 - 3 - 3 - 6 - 9 - 8 -12 - 7 + - 1 1 1 3 0 Fla. " " Ga. " R 111. Ind. Mich. Wis. - 5 0 0 + 3 - 2 + 2 - 5 - 5 5 - 9 - 9 - 2 - 6 + 4 - 1 - 6 + 1 -15 - 2 -14 r- 7 r- 8 -12 - 6 -17 - 6 -10 - 6 + 1 + 5 - 5 - 5 - 4 - 3 + 5 0 + 7 - 9 + 3 - 5 H.8b Page 3 WEEKLY DEPARTMENT STORE SALES - SELECTED CITIES AND AREAS (Continued) Percentage change from corresponding period a year ago (Based on retail dollar amounts) Week ending Jan.-Oct. iNov. 261 Dec. 31 Dec. I960 Federal Reserve District, Area, and City 1 1 -io St. Louis District Metropolitan Areas Little Rock Louisville St. Louis Memphis Minneapolis District Metropolitan Areas Mpls.—St. Paul Mpls. and.Suburbs St. Paul Cities Duluth-Superior Ark. Ky. . Mo. Term. 4 7 1 3 -14 -10 - 6 -10 + 2 + 4 - 1 - 1 - 1 - 1 - 3 - 2 - 7 " n - 2 -19 -17 - 7 -12 - =Jl -14 r- 9 - 5 -17 ±Jk Minn. i-l - 5 - 5 - 6 0 + 1 - 2 -18 + 5 6 6 1 6 Col. Kans. " Mo.-Kans. Mo. " Nebr. N.Mex. Okla. Mo. Tex. 0 - 2 0 Minn. & Wis. Kansas City District Metropolitan Areas Denver Topeka Wichita Kansas City Downtown Kansas City St. Joseph Lincoln Albuquerque Oklahoma City Tulsa City Joplin Dallas District Metropolitan Areas Dallas El Paso Fort Worth Houston San Antonio + + - - 6 + 2 - 1 -14 + 2 - 2 - 4 + 6 - 3 0 - 3 + 2 + 1 -21 -11 -13 - 7 +13 -13 -13 -27 + 1 -10 -10 - 5 - 6 - 4 + 4 -7 -11 -15 0 -22 -13 - 9 -14 - 9 r+ 6 -16 -16 -10 - 8 - 2 -11 - 3 -3 + 3 +12 -18 -15 - 9 -10 -3 - 5 r-24 - 2 V. + i -13 - 5 0 - 4 -13 -27 -14 -11 -13 .- 8 -12 -12 - 6 - 4 =-5 =JL -10 - 4 -18 -10 -11 -11 -10 -14 -14 - 7 0 H.8b ' Page 4 VJEEKLY DEPARTMENT STORE SALES."-." SELECTED CITIES AND AREAS (Continued) Percentage change from corresponding period a year ago (Based on retail dollar amounts) Week ending Jan,-Oct. Nov. 191 Nov. 261 Dec. 3lDec. 10 I960 Federal Reserve District, Area, and City San Francisco District Metropolitan Areas Los Angeles-Long Beach Downtown Lbs Angeles Westside Los Angeles Sacramento San Diego San Francisco-Oakland San Francisco CityOakland San Jose Portland ' • Salt Lake City Seattle Spokane Tacoma r—Revised. . —0-Calif. n. " I I i: i " " "Ore. Utah Wash, " i i - 1 - 3 + 1 + 4 . + 7 + 3 - 1 + 3 + 7 - 2 + 1 . - 4 0 - 4 - 9 -21 - 6 - 2 + 7 0 -.4 +12 + 1 -12 - 1 . - 8 + 1 - 6 . *Not available. + + + + + + - 4 • 6 4 : l 6 1 1 3 3 5 l 7 3 6 - 4 - 1 - 6 - 3 0 *- 5 - 2 - 5 +10 + 5 - 6 - 3 - 4 - 7 0 - 5 - 2 . - 1 - 4 - 9 + 2 - 1 - 6 -12 - 9 - 5 - 6 -12
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