Full text of G.16 Retail Furniture Report : April 3, 1958
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314 'BOAHD O F GOVERNORS OF THE FEDERAL RESERVE SYSTEM G.16 April 3, 1958 RETAIL FURNITURE REPORT FDR FEBRUARY 1958 Instalment and charge accounts receivable at furniture stores during January declined 3 and U per cent respectively and at the month end were below the level of a year ago. Collections on instalment accounts were 11 per cent of the amount outstanding at the beginning of the month, down 1 point from a month ago and a year ago. Both cash and credit sales at reporting furniture stores were down from January to February. Compared with a year ago, total sales in February were down 15 per cent, reflecting declines in both cash and credit sales. Furniture Store Statistics for February 1958 ' Percentage change from: Jan.-Feb. 19%7 Year to ago Jan.-Feb. 1958 Month ago % ' Wet sales during month Total Cash .Instalment Charge account - 8 -18 - 6 - 8 -15 -lli -17 -11 Accounts receivable, at end of month Total Instalment Charge account - 3 - 3 - b - h - 3 - 5 Feb. 1958 Jan. 1958 Feb. 1957 12 12 Collection ratios on instalment accounts 1/. H -10 - 6 -12 -7 — Collections during month as percentage of accounts outstanding at beginning of month. . G.l 6 RETAIL FURNITURE STORES - FEBHJARY 1958 Sales by Type of Transaction (Percentage changes) Federal Reserve District Total net sales Month Year ago ago Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis £-nsas City Dallas San Francisco - 7 - 6 -12 - 3 -10 -12 - 4 + 6 -14 U . S . Total Cash sales Year Month ago - ago Charge-accounInstalment sales sales Year | Month Year Month ago ago ago i ago - 9 -16 -19 -15 -17 -24 -19 -22 -17 -18 -22 -14 + 1 - 3 -25 -13 -12 -12 -16 -22 -13 -10 -24 -23 -30 -29 -17 -14 -14 -19 -17 - 9 -15 -17 -18 - 5 - 7 0 - 2 -16 I - 4 - 6 -11 + 1 +11 -12 - 8 < - 7 -17 - 8 -15 ?18 -14 - 6 - 6 -24 -23 + 3 - 9 -13 -22 - 5 +10 -18 -12 -11 + 3 -18 + 9 - 5 - 7 -24 -16 -11 -24 -11 -19 -22 I -24 1 -16 i+ 7 i- 1 i +10 -17 - 8 j -11 -14 -15 -21 -25 -22 -22 -18 -16 Cumulative Sales by Type of Transaction, and Instalment Accounts Receivable (Percentage changes) Federal Reserve District Cumulative igales, Jan • —F eh • change from 1957 to 1958 ChargeTotal Cash Instalaccount ment Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco - 9 - 8 -10 -20 -13 -14 -12 -11 -10 -11 + 1 - 3 -12 - 6 - 2 -10 -20 -10 - 1 - 7 - 1 - 6 + 3 - 8 - 7 - 7 -13 -20 -17 -14 -15 -14 -12 -23 + 2 - 6 -12 -19 - 8 -24 0 r 6 -16 - 7 - 5 +10 - l + 5 U . S . Total -10 - 6 -12 - 7 Instalment receivables, end of month Year Month ago ago - 6 -1 0 -2 -5 ' I o -3 I - 5 1 -1 - 5 - 3 i - -5 -3 - 7 - 1 -3 -10 -2 -2 j -14 + -1 I 8 -3 i- 6 -3 i- 3