Full text of G.16 Retail Furniture Report : June 7, 1960
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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM^ G.l6 June 7, i960 REPAIL FURNITURE REPORT FOR APRIL i960 Tbtal accounts receivable at reporting furniture stores declined slightly in April but were about 5 per cent higher than a year ago. 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 April and for i960 were slightly larger than in 1959. Furniture Store Statistics for April i960 Item Percentage change from: Jan.-Apr. 1959 to 1 I i Month Year ago Net sales during month Total Cash Instalment Charge account +5 +1 +8 -5 -3 -3 -4 0 +1 -3 0 +5 Accounts receivable at end of month Total Instalment Charge account -1 -1 -3 +5 +4 +9 XXX XXX XXX Apr. I960 Mar. I960 Apr. 1959 12 12 13 Collection ratios on instalment accounts \j l/Collections during month as percentage of amounts outstanding at beginning of month. RETAIL FURNITURE STORES - APRIL i960 Sales by Type of Transaction (Percentage changes) Total net sales Year Month ago agp 0 + 7 - 1 + 6 + 3 +11 +12 +20 +13 - 4 +1? 0 + 3 Cash sales Year ago - 2 + 5 - 2 :? - 5 - 1 +24 + 6 - 1 +30 + 2 - 7 - 9 -12 + 5 - 3 + 1 - 8 - 3 -10 0 - 6 + 7 - 7 -12 >•20 +10 - 9 -18 -13 -14 + 6 - 5 + 2 -16 -12 - 1 Instalment sales Year Month ago + 2 + 4 +15 +15 +25 +15 - 3 +15 0 + 9 0 0 Charge-account + 8 + 7 0 - 9 0 r 9 - 1 -11 + 9 - 8 -13 - 4 - 3 Cumulative Sales "by Type of Transactionf and Instalment Accounts Receivable (Percentage changes) Federal Reserve District Boston Mew York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapoli s Kansas City Dallas San Francisco Cumulative sales Jan.-April change from 19*39 to i960 ChargeInstalTotal account ment +5 +5 +3 -2 -2 -6 +7 -6 +4 -5 -2 -1 U. S. Total n.a. - Not available. - 6 + 2 + 4 + 5 - 2 -21 - 2 +11 + 2 + 8 - 1 - 1 +Y -17 - 6 +11 - 5 - 8 - 9 + 1 - 4 - 3 - 6 + 6 -10 + 5 - 6 - 4 - 3 Instalment receivabl 3f end of month Month Year ago ago -2 +1 +1 -2 ;2 + + + + 8 9 1 2 5 + 5 -1 -1 0 -1 0 -2 -2 -2