Full text of G.16 Retail Furniture Report : August 8, 1961
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FEDERAL RESERVE statistica G.l6 August 6, 1961 KEIAEL FJ3MTUBE REPORT FOR JUNE 1961 Instalment accounts outstanding at reporting furniture stores on June 30 were about the same ao a month e a r l i e r and continued to be about 5 per cent below those a year ago. Collections on thece accounts during June as a percentage of first-of-month accounts outstanding declined s l i g h t l y from the rate of 12 per cent which prevailed during inost of 1961 and in the f i r s t eight months of l a s t year. Furniture store sales wore in about the some volume in June as in the preceding month. Charge-account sales declined undo rat ely following three months of expansion. This decline was o f f s e t by an increase in cash sales. Instalment sales showed l i t t l e change from May to June but the year-to-year declinc^in ' t o t a l sales of reporting stores continued to be concentrated in the instalment sector. Furniture Store S t a t i s t i c s for June 1561 PorccntcKo chcn^e from: Jan.-June I960 to Jan.-June 1961 Month jYear a no I a gp Net sales during month Total Cash Instalment Charge account 0 +3 O -3 Accounts receivable, at end of month Total Instalment • Charge account 0 +3 +1 1961 Collection ratios on instalment accounts 1 / \*l j -10 i + 3 - 5 - 5 - 9 U - 2 XXX - 6 XXX Kaj I 1961 I960 12 12 1/ Collectione during month ao percentage of accounts outstanding Digitized for at FRASER beginning of month. IVtP, 0.16 — 2 — RETAIL FUMITTJHE 370235 - JUNE I96I Sales by Type of I r a n s a c t i o n (percentage chcnges) Total net s a l e s Year + 4 + -3 0 - 9 + 2 - - 3 - 7 <2 . +12 4. 5 -10 -22 - 1 -10 -15 -12 -10 + 6 . -10 +11 - 1 - 4 - 6 + 1 Instalment 2£_ Year ago Cash s a l e s l onth lion _£So Year + 3 + 1 +11 + 9 + 1 +29 •- 4 . +24 - - 6 + 2 G 1 9 + 2 - 3 + 1 2 -20 -10 - +:6 -10 . +20' - 3 -r 3 - 3 - 3 +19 >15 +27 + 2 2 - 3 -11 -24 - 1 -10 -17 -13 'i^th' Year + 2 +17 >19 + 7 - 5 + 4 - 9 -15 - 7 3-j s ton vie*.-; Yorl: Philadelphia Cleveland Rich.r on 1 .Atlanta^ Chicago/ S t . Louis •innegr'olis Kansas City Dallas San Francisco . y... 3. Total Cu:.;ul=tive s a l e s , Jan.-June ' " ' cl"anre frc>rf I960 to 1961 . I n s t a l - 1 ChargeTotal Cash ment I account 1 i - 2 - 4 -15 -28 - 3 -11 -16 - 9 - 9 0 - 6 - 5 [ - 4 n . a . - Mot a v a i l a b l e . - 2 1 +34 I -14 -17 ' + 2 -14 - 9 - 4 - 3 +15 - 4 . +20 - 2 -14 -17 -30 - 2 -12 -19 -12 -10 - 9 -13 -15 + 5" . -14 .{ - 1 T 1 - 9 -16 -12 -11 - 2 - 3 -17 - 9 +10 + 3 + 7 + 9 +38 +12 -10 - + 3 * Cur.ulativi> v a l e s by Type of Transaction, snd Ins'talnent Accounts. Receivable (Percentage changes.)' ' - Federal Preserve District -12 Instalment "receiv-ablos, , end of month Month Year ago ago - 1 t- 2 -11. n.a. . - - 5 +14 -15 - 3 - 8 - 3 +12 + 4 0 + 1 . 0 0 + 1 + 1 0 + 1 - 2 + 3 0 0 - 5 - 4 -11 -14 0 - 4 - 5 - 4 - 2 - 6 - 6 0 - 2 . ..... 0 - 5