Full text of G.16 Retail Furniture Report : July 6, 1960
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BOARD OF GOV TuTORo OF TH3 FlDSTtAL Rr.LRV.S 3Y3T1K G.16 x " July 6, I960 JjiTTATT, F U E H T U R J REPORT FOR HAY I960 Total accounts receivable at reporting furniture stores were unchanged in May and about 3 per cent hiyier than in Mey 1959* Collections on instalment accounts remained at 12 per cent of the amount outstanding at the beginning of the month. Sales at reporting stores increased 5 per cent in May and were slightly smaller in the first five months of 1960 than in the comparable period of 1959* Furniture Store Statistics for May 1960 Item Percentage change from: Jan.-May 1 9 5 9 to Year Jan.-May 1 9 6 0 Month Net sales during month Total Cash Instalment Charge account Accounts receivable, at end of month Total Instalment Charge account +5 +8 +5 +6 0 -1 .+2 • May I960 Apr. I960 12 • , 12 , +3 +3 +3 +3 • Collection ratios on instalment accounts 1/j -1 -3 -5 -5 -5 -6 1 - May . 1959 12 i 1/ Collections during month as percentage of amounts outstanding at beginning of month. 2 - G.16 R L T M L FURNITURE STORES - MAY I960 Sales by Type of Transactions (percentage changes) Federal Reserve District Boston New York Philadelphia Cleveland Rj chrond Atlanta Chicago St. Louis Minneapolis Kan.3f.s-City Dallas 3an Francicco U. 3. Total C a sh sales JTotal net sales Month | Year ago 1 . ago . + ] 0 j +.6 1 + 3 ! +17 1 + 3 + 9 +17 + 3 +14 + 2 I j | I 1 Year ago + 9 + 3 + 7 +21 +32 +15 - 3 +11 +12 +10 -14 +16 -11 - 7 - 3 -16 - 7 - 5 -10 i Month ago -10 I Year ago + 1 ! + 8 j + 4 -18 -18 + 3 + .1 - 2 + 5 - 3 +19 + 4 +12 +15. + 2 +14 + 1 + 1 + 4 - 5 - 2 -17 - 2 0 - 6 + 9 -11 -10 -13 ! - 5 + 5 - 5 - 4 + 5 - 8 - 1 -10 - 5 - 2 - 4 + 3 j ; 1 + 5 Instalment Month ago ' " - 5 I 1 ! i - 2 + 8 i Charge-account sales ilonth Year ago +23 + 1 - 6 -12 -10 n a + 6 -25 - 4 +10 -18 -14 - 5 -13 + 6 - 6 0 + 4 - 1 n . + 9 + 2 . + 8 - 4 +35 + 2 Cumulative Sales by Type of Transaction, and. Instalment Accounts Receivable (Percentage changes) Federal Reserve District Instalment receivables, Cumulative sales, Jan.-May j Total Boston New York Philadelphia Cleveland Richmond .Atlanta Chicago •it. Louis Minneapolis Kansas City Dallas San Francisco +3 +5 +1 -2 -4 -6 +5 -5 +4 -6 -4 -4 U*. S. Total -1 n.a. - Not avail; Lable. i Instalment | Cash - 8 + 5 - 4 1 -18 ! -14 ! - 9 + 7 i ! 1 i - 5 7 7 3 8 - 3 +3 4:5 . +1 -1 -5 -5 +4 -9 , +6 -7 -5 -5 - U Chargeaccount Month Year P-ZO -1 -2 0 0 0 +1 -2 +1 +1 -2 -7 -1 + 7 0 + 3 + 4 -10 + 4 + 8 + 2 - 4 + 1 + 1 + 3 -1 1 + 6 + 4 + 8 - 4 + 4 + 2 + 4 + 1 ^+23 - 6 - 2 + 2 + 3 *
