Full text of G.16 Retail Furniture Report : February 9, 1961
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' BOARD OF GOVERNORS OP THE FEDERAL RE J .RYE SYoTrJM G.16 X February 9> 1961 RETAIL FURNITURE REPORT FOR 3KC3MBSR 1?60 Total accounts receivable at reporting furniture stores increased seasonally in December but remained somewhat below a year earlier. Collections on instalment accounts were 11 per cent of the amount outstanding at the beginning of the month. Sales at reporting stores also rose seasonally but were smaller in i960 than they were in 1959* Furniture Store Statistics for December i960 I Net sales during month Total Cash Instalment Charge account Accounts receivable, at end of month Total Instalment Charge account Ilonth ago Jan.- Dec. 1 9 5 9 to Year aeo Jan.i Dec. " - 9 -12 -10 -4 +33 +24 +11 - 7 -1 - 4 - 3 XXX XXX XXX +23 + 5 • 4 +7 ! ! -5 -6 Nov. I960 Dec. I960 11 11 11 Dec. Collection ratios on instalment accounts 1 / 1959 ' l/ Collections during month as percentage of amounts outstanding at beginning of month. I960 -Y-Y3, G. 16 - 2 RETAIL FURNITURE STOKES - DEOil'iBER 1?60 Sales by Type of Transaction (Percentage changes) honth a^o Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco U. S. Total Month ago Year ago +1 • / +27 +12 +24 +26 +4? +22 +25 +26 +27 +28 +16 -11 - 7 -13 -18 - 6 -14 - 5 -13 H 2 - 6 - 9 -11 +23 - 9 Instalment sal-33 Year Month ago ago Cash sales Total net sales Federal Reserve Tistrict 1 I 1 + 5 +24 + 0 + 64 " +40 +53 +34 +46 +60 +22 +31 +36 . +33 Year ago -23 + 6 -21 -12 -12 -23 -28 -14 -11 - 6 -11 -11 -12 ! Charge-account llonth ago Year ago • +24 -11 -11 -16 -19 - 6 -13 - 3 -13 + 5 - 8 - 8 -13 + 1 -12 + 8 - 5 - 5 0 +16 +16 +17 - 7 +21 +27 +13 +19- - 4 - 5 -15 -14 + 6 - 3 -12 - 9 -10 0 +30 +16 +20 +29 +44 +1.9 f31 +24 +31 +31 +10 +11 - 7 Cumulative Sales by Type of Transaction, and Instalment Accounts Receivable (Percentage changes) Federal Reserve District Cumulative sales, Jan.-Dec. change from 1959 to I960 instal- ChargeTotal^' Cash account ment Boston Nov York .Philadelphia Cleveland Richmond Atlanta Jnicaco St. Louis Minneapolis Kansas City Dallas 1/ 1/ San Francisco-' U. 3. Total -1 +2 -4 -6 -4 -d -4 • -8 0 -6 -6 -8 -4 - 8 0 +10 0 - 6 - 9 - b -15 ' -11 -1+ - 7 - 3 - 5 -10 - 9 -11 ' + 2 - 7 - 7 - 8 - 7 -10 - 7 - 5 - 6 + 2 - 7 + 2 0 +10 + 3 + 5 + 3 + 5 + 5 + 4 + 1 -12 - 2 ,+ 3 • - ? - 2 - 4 - 1 Instalment receivables, end of Xonth 1 Year ago ago ' t.2 - 5 + 3 - 3 -17 + 1 - 3 0 - 2 +23 - 6 - 4 - 1 - 4 u - 3 + 1 + 3 n.a. - Not available. 1/ Change in cumulative sales for January-November I960 from the same period in 1959 shown in this statement iated January 12, should be corrected as follows: Dallas Federal Reserve District, 13t>l -6 instead http://fraser.stlouisfed.org/ of +6; San Pruncisco Federal Reserve District, -8 instead of +8. Federal Reserve Bank of St. Louis
