Full text of G.16 Retail Furniture Report : January 10, 1957

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BOARD OF GOVEEIJC.R3 OF THE FEDERAL RESERVE 3YST2H
G.16

January 10, 1957
RETAIL FURIJITURE REPORT FOR NOVEMBER 1955

Instalment accounts outstanding at furniture stores on November 30 were 1 per cent larger than a month e a r l i e r , but continued ;
below the year-ago l e v e l . Collections during the month amounted to 12
per cent of accounts outstanding on the f i r s t of the month, 1 point below the preceding month but the same as i n November 1955.
Sales of a l l types increased from October-to November, resulting
i n an o v e r - a l l r i s e of U per cent. Total s a l e s of reporting s t o r e s , however, were s l i g h t l y below the year-ago volume. Sales for the f i r s t eleven
months of 1956 showed p r a c t i c a l l y no change from the corresponding: period
of 1955.
The r e t a i l value of furniture store inventories was 1 per cent
below a month ago, but continued above a year e a r l i e r . At, t h e November
r a t e of s a l e s , stocks on hand amounted t o about U months'1 supply.
Furniture Store S t a t i s t i c s for November 1956

Item

Percentage chance from;
1 Jan.-Nov. 1955
to
Month Year
apo Jan.-Nov. 1956.
ago

Net s a l e s during month
Total
Cash
Instalment
Charge account

•3
+5

Accounts receivable, at end of month
Total
Instalment
Charge account
Inventories, end of month, at r e t a i l value

-3
-6
-2
+2

0
-1
0
+a

*2

-2
-1
-3

XXX

-1

•1

*1

*2

+1
.

Nov. Oct.
1956 .1956
Collection ratios on instalment accounts 1 /

12

13

X>JC

Nov.
1955
12

1/Collections during month as percentage of accounts outstanding at
beginning of month.




G.16
RETAIL FtJRMnURE STORES - UjVH-IBER 1956
Sales by Type of Transaction
(Percentage changes)
Federal
Reserve
District

Total net s a l e s
Month
ago

Boston
New York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
i t . Louis
Minneapolis.
Kansas City
Dallas
San Francisco

0
+ 8
+13
+ 6
- 1
+ 3
•13
+ 9
- 8
- 2
- u
"

U. S. Total

2

t >

Cash s a l e s

Instalment
sales
Month Year '
ago
ago

Month Year
ago
ago

Year
a^o
- 3
-11
• 3
- 3
• 1
• 1
+ 5
- h
- 9
11 -13
' • 5
- 3
i

i
1
.
!

0
0
+ 7
-Hi
+ 6
+11
• 6
-17
- 1
- 1
+ U
-17
+ h
•10
• 2
- 9
-10
- 8
-12 1! + U
-12
- 5
* 2 1 - 7
+ 3
- 6.j

+15
+ 8

+ 19
+ 8
-10
- 2
+ 21
+ 7
+ 5
-12
- 2
+ 1
+ 7

i

Charge-account
sales
Month Year
ago
ago
- 8
*1h

- 3
-12
- 3
— 6
+ u

+ 6
0
-16
+12
+ 23
- 9
- 6
o

k

-

+ 1
- 5
- 7
-16
+ 6
-?
"

lh

2

1
I

*

5

- 5
+ 1U
0
-11
- 9
• 1
•22
- 2
-17
- 6
+ 9
1 » 2
<

• 2

1

Cumulative Sales by Type of Transaction, Instalment
Accounts Receivable, and Inventories
'
(Percentage changes)
Federal
Reserve
District
Boston
New York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
St. Louis
Minneapolis
Kansas City
Dallas
San Francisco
U. S. Total

Instalment
Inventories
receivables,
end of month,
end of month at r e t a i l value
Month
Year Month
Year
ago
ago
ago
ago

Cumulative s a l e s , Jan.-Nov.,
change from 1955 to 1956
j I n s t a l - Chargeaccount
Total
Cash | ment
-6

-2
-5
+2

-h

+k

+u
+1
-1
0
+1 .
-7
+2
i•
:
+U
0

+1
+2
+1
•1
0
-5
-a
-8
-2
+6

$ -1




!•

+
+
•
*
-

I
7
1
U
3
1
1
0
0
-11
0
+ 2
0

- 2
+ 7
+ 5
0
+ 10
- 9

10
+ 2
+

j

0
+ 6
> 5

l

•1
+2
+
3
+1
+2
+1
+2
0
0
-1
-1
0

+ U
_ 2 u

+ 6
- 6
0
+ 5
+ 3

- 6
-12
- 1
+ 18
t U
- 1
+ 2
+ 2
- 1
-17
+ 1
+
6

+1
-2
-2
-1
-1
+5
-5
-2
+
5
0
-5
+2

+ 2
+ 1
0
-12
- 3
+ 7

- 1

-1

+ ;i

+

h