Full text of G.16 Retail Furniture Report : June 4, 1959
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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM G.l6 June U, 1959 RETAIL FURNITURE 1Z.°0RT FOR APRIL 1959 Instalment and charge accounts r e c e i v a b l e a t f u r n i t u r e s t o r e s a t t h e end of A p r i l were unchanged from t h e previous month. C o l l e c t i o n s on instalment accounts were 13 per cent of t h e amount outstanding a t the ' beginning of the month. Total n e t s a l e s a t r e p o r t i n g s t o r e s i n c r e a s e d 9 ner c e n t t h e orevious month, r e f l e c t i n g r i s e s i n cash and c r e d i t s a l e s . In f i r s t h months of 1959 r e p o r t i n g s t o r e s i n the various s e c t i o n s of country r e g i s t e r e d s a l e s gains averaging 10 p e r cent over t h e l i k e r i o d a year ago. from the the pe-- F u r n i t u r e S t o r e S t a t i s t i c s f o r April 1959 Item Net s a l e s during month Total Cash Instalment Charge account Accounts receivable* a t end of month Total Instalment Charge account C o l l e c t i o n r a t i o s on instalment accounts 1 / Percentage change from; | . Jan -Apr. 1953 Month ( Year 1 to ago | ago [ Jan.-Apr. 1959 + 9 + 5 + 2 +10 +13 +10 +13 +13 J I +10 +13 ! 0 00 1 + 6 + 3 +15 +10 +10 I ' . XXX XXX XXX Apr. , Mar. Ao r . 1959 j 1959 1958 13 12 12 1 / C o l l e c t i o n s during month as oercentage. of accounts outstanding a t beginning of month. G.l6 ' - 2 RETAIL FTJRNITTTRE STORES - APRIL 1959 Sales by Type of Transaction (Percentage changes) Federal Reserve District Total n e t s a l e s Tear Month ago ago +16 0 +17 +27 +19 +16 + 8 + 9 + 2 - h + 5 - 2 +10 + 5 +18 +11 +11* +11 +16 +13 + 7 + 6 +17 +20 +19 - 2 +13 +31 +lli +12 + 3 + 9 + 5 + U - 9 -12 +31 +16 +11 - 3 +11 +10 - 2 - 3 + 6 +15 +15 j +13 + 1 . Total + 9 +13 + i i +10 +13 Boston New York Philadelphia Cleveland Richmond Atlanta Cnicago S t . Louis Minneapolis Kansas City Dallas San Francisco U . S Instalment sales Month Tear ago ago Cash s a l e s Tear Month ago ago +13 + 1 +20 +33 +2U +15 + 9 +12 + 3 + 2 + 7 +10 + 2 +18 +U* +11 +10 +20 +21 + 8 - 5 +18 +20 1 1 +13 ,i Charge-account sales it Month i Tear ago ago +13 + 1 +13 n.a. + 7 +3U + 6 - 5 - 3 -13 | +h -3 + 2 ! Cumulative Sales by Tyoe of Transaction, and Instalment Accounts Receivable (Percentage chan-es) Federal Reserve District Boston New York Philadelphia Cleveland Richmond Atlanta Chicago S t . Louis Minneapolis Kansas City Dallas San Francisco U. S. Total Cumulative s a l e s . Jan. -Apr. change from 1959 t o 1959 ChargeInstalTotal Cash account +19 1+ 3 +Ut +10 +12 +12 + 8 + 9 + U + 3 + 6 Ii +12 +2U +25 +11 + 2 +23 +11 - 9 - 6 + 5 +11 + 9 +11 +lli + k +15 +13 + 3 +11 +12 +11 + h + 2 + li +15 | +10 +10 +10 +21 - h +15 n.a. +18 +19 +17 +1U + 6 +15 +11 + 7 | Instalment receivables end of month Month Tear 1 ago ago + 2 - 1 + 1 0 - 1 0 + 1 + 1 0 - 3 - 1 0 8 6 7 3 0 + 3 + 2 +13 - h + U + 3 - h +10 + 3 • n . a . - Not a v a i l a b l e . + + + + i i : + 1 +2U +2h n.a. +23 +U2 +28 + 2 + 5 +17 +16 +23 +18