Full text of G.16 Retail Furniture Report : July 6, 1959
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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