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H.8b BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM FOR IMMEDIATE RELEASE December 23, i960. INTERPRETATION OF PERCENTAGE CHANGES DURING CHRISTINAS 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. VJEEKLY DEPARTMENT STORE SALES - SELECTED CITIES AND AREAS Percentage change from corresponding . period a year ago (Based on retail dollar amounts) Jan.-Oct, Week ending Nov. 261Dec. TlDec. 101 Dec. 17 I960 =_2 ±JL Federal Reserve District, Area, and City UNITED STATES Boston District Metropolitan Areas Boston Downtown Boston Suburban Boston Cambridge Quincy Lowell City Springfield New York District Metropolitan Areas Buffalo New York-N.E. New Jersey Newark New York Rochester Syracuse Philadelphia District Metropolitan Areas Wilmington Trenton Lancaster Philadelphia Reading Scranton " Wilkes-Barre—Hazleton Mass, " " " " N.Y. N.Y.-N.J. N.J. N.Y. " " __o =14 - 5 - 7 - 3 - 2 -10 -14 0 3 4 0 5 5 -14 -13 -15 -13 -20 -16 +± + 5 + 1 +10 + 6 + 4 + 6 + 4 + 8 - 3 + 5 - 9 ±Jt __o zJL ±JL -12 > 2 + 5 0 + 1 > 4 0 - 2 - 1 -12 - 3 - 4 r+ 1 -16 ±_1 Del. N.J. Pa. =Jl ±_2 + 3 + 3 + 4 + 7 - 2 -3 + 1 + 5 > 3 0 + 1 - 1 0 - 6 + 2 - 4 4 4 4 1 + r- 2 0 9 2 2 0 - 4 -15 -32 -11 + 3 - 1 r-2 0 zl2 - 2 - 6 - 6 -10 0 + 5 -20 -28 - 8 -16 -10 - 5 - 7 -10 -17 -13 r+ r rr+ + 8 - 2 + 8 -13 -21 -14 r 0 - 3 -12 - 8 z ' /©3 8 H.8b WEEKLY DEPARTMENT STORE SALES - SELECTED CITIES AND AREAS (Continued) Federal Reserve District, Area, and City Cleveland District Metropolitan Areas Lexington 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 August Columbus New Orleans Knoxville ' Cities Miami-Downtown Central Atlanta Chicago District Metropolitan Areas Chicago Indianapolis ^ Detroit Grand Rapids Milwaukee Percentage change from corresponding period a year ago (Based on retail dollar amounts) Jan.-Oct. Week ending 1960 Nov. 26(Dec. 3lDec. 101 Dec. 17 0 -10 + 2 - 2 8 6 5 2 0 - 6 + 6 -12 + 9 . - 4 - 7 0 - 3 - 2 -18 -17 -13 - 9 -13 -19 - 5 -14 - 2 -14 r- 8 -11 -14 - 3 -10 - 4 - 4 0 0 - 7 + 1 - 7 + 9 - 1 + 4 +11 + 9 - 1 - 8 - 8 -11 + 3 -4 - 8 + 2 -12 + 5 - 7 - 8 - 3 -5 - 3 zJL r=_3 =u - 8 -15 - 7 -10 -12 r- 2 9 1 2 8 -12 -15 -15 -15 - 9 ±_2 Ky. Ohio Pa. W.Va. - 3 + 1 . - 1 + 1 + 2 - 1 + 2 - 7 + 1 + 1 - 3 + 5 + 2 0 + - 2 D. C. Md. Va. 0 - 6 0 - 5 - 4 - 2 - 8 - 3 - 4 -10 - 8 =_1 + 2 - 1 - 3 -15 + 5 - 5 - 6 + 4 - 1 - 6 + 1 -15 - 2 -14 - 7 r- 9 -12 - 6 -17 - 6 -10. - 2 + 5 - 3 +10 La. Tenn. 0 + 2 +10 + 8 + 7 + > + 2 - 4 0 0 Fla. Ga. - 5 -11 -16 -10 ±_1 Ala. Fla. Ga. + 1 111. Ind. Mich, Wis. 0 0 + 3 - 2 + 2 - 3 3 5 4 3 1 6 8 3 5 6 1 +11 + 6 - 5 - 3 - 3 - 2 - 3 -22 -16 -17 -13 - 8 -10 r_6 ±_1 __o - 6 - 9 - 8 -12 - 7 + - + 1 - 4 - 4 -10 0 rr+ r+ + 1 1 1 3 0 2 xs 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. Dec. 3lDec. 10! Dec,'17 I960 Federal Reserve District, Area, and City 1 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 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 Ark. Ky, Mo. Tenn. - 4 + 7 + 1 - 3 - 8 rio -14 -10 - 6 -10 -19 -17 - 7 -12 Minn. & Wis. Col. Kans. " Mo.—Kans. Mo. ti Nebr. N.Mex. Okla. n Mo. Tex. - 6 - 6 - 1 -6 + 2 + 4 - 1 - 3 - 2 - 7 0 - 2 _o r-1 + 2 - 1 -14 + 2 - 2 . 4 + 6 - 3 0 - 3 + 1 -10 -10 - 5 - 6 - 4 + 4 -10 - 7 -11 -15 + - 2 1 8 1 0 + 2 - 5 - 5 - 6 0 + 1 - 2 + 2 + 3 - 1 -18 + 5 + 1 0 -22 -13 - 9 -14 - 9 + 6 -16 -16 -10 - 8 - 2 -11 - 3 - 3 + 3 +12 -18 -15 - 9 +10 + 4 - 9 + 2 + 1 + 2 +15 + 4 + 1 + 2 - 2 r ±_1 Minn. + 4 ±_6 - 5 -24 - 2 z_2 z-2 =10 =10 + 1 -13 - 5 0 - 4 - 8 -12 —12 - 6 - 4 - 4 -18 -10 -11 -11 -10 -14 -14 - 7 0 + + - 4 4 2 3 0 H.8b Page 4 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 Nov. 2261 Dec. 3(Dec. 101 Dec. 17 I960 Federal Reserve District, Area, and CitySan Francisco District Metropolitan Areas Los Angeles-Long Beach Downtown Los Angeles Nestside Los Angeles Sacramento San Diego San Francisco-Oakland San Francisco City Oakland San Jose Portland Salt Lake CitySeattle . Spokane Tacoma r—Revised. —o Calif. Ore. Utah Wash, " + + + + • + + + - 1 3 1 4 7 3 1 3 7 2 1 4 0 - 4 r=_i + + + + + + - 4 6 4 1 6 1 1 3 3 5 l 7 3 6 *Not available, - 1 - 3 0 - 5 r+ 6 - 6 - 7 - 5 - 2 - 9 + 2 -12 - 9 -12 - 4 - 6 - 5 - 2 +10 - 3 - 4 0 - 1 - 4 - 1 - 6 - 5 - 6 - 6 -10 - 5 - 2 + 3 - 5 - 6 - 2 -10 - 1 + 1 - 5 - 3 - 6 ,
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