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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
G.l6

July 6, 1959
RETAIL PURPETURE REPORT FOR MAY 1959

Instalment and charge accounts receivable at furniture
stores at the ^nd of May were 2 per cent above the previous month
and 8 per cent above a year ago. Collections on instalment accounts were 12 per cent of the amount outstanding at the beginning
of the month.
Total net sales at reporting stores increased 8 per cent
from the previous month. In the first 5 months of 1959 sales gains
averaged 9 per cent oyer the like period a year ago.
Furniture Store Statistics for May 1959
|
. Item

I^ree:;:e ch"n«e from:
Tjan.-May 1950
to
Month Year |
a^o j Jan.-May 1959
bro

Net sales during month
Total
Cash
Instalment
Charge account

+ 8
+ 9
+ 8
+12

1
+ 4 i
0 1
+ k
+12

Accounts receivable, at end of month
Total
Instalment
Charge account

+ 2
0
+ 8

+ 8
+ 3
+19

May
1959

Apr.
1959

Collection ratios on instalment accounts 1/

12

13

+ 9
+ 7
+ 9
+10

XXX
XXX

May
1959
13

i
if Collections during month as percentage of accounts outstanding
at beginning of month.




G.16

-

2

-

RETAIL FURNITURE STORES - MAY 1959
Sales by Type of Transaction
(Percentage changes)

Federal
Reserve
District
Boston
New York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
St. Louis
Minneapolis
Kansas City
Dallas
San Francisco

! Total net sales
| Month
Year
ago
1
ago
!

+ 8
+ 6
+ 6

-

0

i

+13
+14
+ 4
+ 6
+20
+ 8
+10
+ 8

i
|

+ 2 i
- 5 1
+ 3
+ 5 |
+ 9 1
+ 2 ji
+10 !
1
i1 + 4
+11
+ 1 .
+ 3
+ 8

+ 8

U. 3. Total

+ 4

| Instalment | Charge-account
Cash sales i
sales
1
Year | Month j Year
Month | Year j Month
ago i
ago 1 ago
ago I ago j ago
i
1
- 2 j
! + 8
+ 2 . | + 3 j +12
+ 6
+ 6
0
+28 I
- 4
+ 1
- 5 1
+12 | +11
+ 8 1 + 3
+ 3 i
1 -11
n.a. i
+10 1 - 4
+ 5 i
- 3
+17
+20 | + 6
+ 9 j
- 1 I +11
+ 2 |
+14
- 2
+22
- 8 i +23
+ .3
+13 i
+ 7 I +19
+ 6
- 7
+10 ] - 2
+ 4 1
- 1 1 +13
.+ 7
+16 j + 3
+19 I. +io i +31 i +24
+20 | +11
-11 I -13
+ 7 i -11
+14 j +12
+ 6
+25 ! +12
- 2 i
+ 8 | + 8
+ 8
+ 7 !
+11 j + 8
j
4
+12 | +12
; +8
+ 9 !
0 I

+

j

i
Cumulative Sales by Type of Transaction, and
Instalment Accounts Receivable
(Percentage changes)
j Instalment
| receivables,
Cumulative sales, Jan.-May
end of month
change from 1958 to 1959
Year
Month
ChargeTotal
InstalCash
ago
aago
account
ment

Federal
Reserve
District
Boston
New York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
St. Louis
Minneapolis
Kansas City
Dallas
San Francisco
U . S. Total

+13
+ 5
+11
+ 8
+11
+ 9
+ 9
+ 8
+ 6
+ 7
+ 6
+11
|
I

+ 9

n.a. - Not available.




1
I
1

+17
+18
+ 9
0
+18
1 + 7
i1
- 9
i
1 - 5
+ 4
+ 6 j
+ 9 |
+10 j
i
+ 7 1

+10
+ 2
+11
j
|
+10
I
+ 8 |
+ 9
i
+13
i
+ 9
|
+ 5
1
+ 2
|
+ 3
!
+!3

j

+17
- 3
+14
n.a.
+16
+20
+17
+14
+10
+15
+11
+ 7 1

+ 9

1

+io

|
1
1
j
i
i

!

0
-3
0
+1
0
+2
+1
+2
+2
+1
o
-1

!
1
!
!
i
1
1
I
I
i

+
+
+
+

8
4
5
7
0
+ 4
+ 2
+13
- 2
1 + 6
0
I
I - 9

0

1 + 3