Full text of G.16 Retail Furniture Report : December 11, 1964
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G.16 December 11, 1964 RETAIL ifoltiJITURa-REPORT FOR OCTOBER 1964 Instalment accounts r e c e i v a b l e a t r e p o r t i n g f u r n i t u r e s t o r e s were up s l i g h t l y i n October, a month'in which' l i t t l e change i s usual. Monthly comparisons with 1963 hava shown a gradual upward movement i n these accounts, and by October 1964 the t o t a l was 5 per cent l a r g e r than a year earlier. , . The r a t e of c o l l e c t i o n on instalment accounts has been v e i l maintained. The October r a t e , 13 par cent of accounts outstanding, was the h i g h e s t since March 1963. Charge.accounts outstanding continued to show the moderate growth expected in the f a l l months. At the end of October the amount owed on these accounts was 5 per cent l a r g e r than a year e a r l i e r . Sales expanded seasonally i n October, with cash and instalment business showing the l a r g e s t gains. Sales of a l l types continued in s u b s t a n t i a l l y l a r g e r volume than i n 1963. F u r n i t u r e Store S t a t i s t i c s f o r October 1964 Item Month ago Percentage i n c r e a s r or decrease ( - ) from: Jan. - Oct. 1963 Year to ago Jan. - Oct. 1964 Net s a l e s during month Total Cash .Instalment Charge account 13 13 10 3 • 9 10 9 8 9 14 9 9 Accounts r e c e i v a b l e , a t end of month Total Instalment Charge account Collection r a t i o s on instalment accounts 1/ 1 ~T 2 October 1864 13 ' _5 3 5 September 1964 October 1963 12 1/ Collections during month as percentage of accounts outstanding a t beginning of month. 12 G.16 -2- RETAIL FURNITURE STORES - OCTOBER 1964 Total Net Sales Percentage i n c r e a s e or decrease ( - ) from: Jan. - Oct. 1963 Year to ago Jan; - Oct. 1964 Federal Reserve District- Month ago. 14 o 2 0 13 7 o 14 17 .v 9 14 13 10 4 2 4 10 7 : 6 18 7 7 10 8 11 0 7 3 4 8 10 Boston New York Philadelphia Cleveland Richmond• Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco 9 9 12 30 5 -14 9 . IL S, Total Instalment Accounts Receivable Federal Reserve District Boston New York Philadelphia Cleveland Richmond Atlanta Chicago S t . Louis Minneapolis Kansas City Dallas -San Francisco Percentage increase or decrease ( - ) from: Month Year ago ago v " U. S. Total 2 2 4 02 1 3 - 1 1 1 - 1 1 1 0 13 8 - 4 9 5 10 1 -20 8 2 5 5