Full text of G.16 Retail Furniture Report : July 9, 1965

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FEDERAL
tical

RESERVE

release

G.16

Ju4y 9, 1965
RETAIL FURNITURE EEPORT FOR MAY 1965

Instalment accounts receivable at reporting furniture stores
at the end of May were unchanged from the preceding month, and remained
about 5 per cent above the corresponding figure for last year. Collections during the month equaled 12 per cent of the amount outstanding
May 1. This was about the same rate as in May 1964.
Charge account balances showed a seasonal increase, and at the
end of the month were 2 per cent above the corresponding 1964 total.
Sales expanded as usual in May. Cash business recorded the
largest gain, followed by instalment and charge account sales. A comparison with May 1964 shows particularly marked increases in charge
account and cash transactions, the categories which have registered the
strongest advance so far this year.
Furniture Store Statistics for May 1965

Item

Month
ago

Percentage increase or
decrease (-) from:
Jan. - May 1964
Year
to
ago
Jan. - May 1965

Net sales during month
* Total
Cash
Instalment
Charge account

9
14
11
8

5
12
5
14

1
0
3

4
5
2

Accounts receivable, at end of•month
Total
Instalment
Charge account

5
8
5
8
-

XXX
XXX

/ '

Collection ratios on instalment
accounts 1/

May
1965

April
1965

12

11

May
1964 .

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




12

.

-2-

RETAIL FURNITURE STORES - MAY 1965
Total Net Sales

Percentage increase or decrease (-) from:
Year
Jan. - May 1964
Month
ago
ago
to
Jan. - May 1965

Federal
Reserve
District

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

8
0
7
10
15
20^
9
14
3
- 2
14
10
{

9

6
6
7
11
8
2
12
- 5
- 2
- 4
- 1
4

7
3
4
12
11
6
8
- 4
- 6
3
9
1

5

5

Instalment Accounts Receivable
Federal
Reserve
District
Boston
New York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
St. Louis
Minneapolis
Kansas City
Dallas
San Francisco
U. 3. Total




Percentage increase or decrease (-) from:
Year
Month
ago
ago
0
-1
0
2
- 1
2
1
- 3
2
0
- 3
- 1

0
9
11
8
8
7
14
- 2
- 7
8
1
0

0

5