Full text of G.16 Retail Furniture Report : March 7, 1957
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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM G. 16- March 7, 1957 RETAIL FURNITURE REPORT FOR JANUARY 1957 Instalment accounts outstanding a t f u r n i t u r e s t o r e s declined s l i g h t l y i n January, when some decrease i s u s u a l , and a t the end of the month v r = U per cent below the year-ago l e v e l . The r a t i o of collection*accounts outstanding on t h e f i r s t of the month was 12 pe? - , 1 p o i n t l e s s than a month ago but the same as a year ear.. Both cash and c r e d i t s a l e s declined from December to January. Cash s a l e s were p r a c t i c a l l y unchanged, however, from the y? ir-ago volume, while i n s t a l m e n t and charge-account s a l e s were down 5 per cent and 2 per c e n t , r e s p e c t i v e l y . Furniture Store S t a t i s t i c s f o r January 1957 Item Percentage change from: Month Year ago ago Net s a l e s during month Total Cash Instalment Charge account -38 -37 -39 -25 -h 0 -5 -2 Accounts r e c e i v a b l e , a t end of month Total Instalment Charge account - 7 - U -12 -3 -h -2 Jan, Dec. 1957 1956 C o l l e c t i o n r a t i o s on instalment accounts 1 / 12 11 Jan. 1956 12 l / C o l l e c t i o n s during month as percentage of accounts outstanding a t beginning of month. — 2 — RETAIL FURNITURE STORES - JANUARY 1957 Sales t y Type of Transaction (Percentage changes) Month aao Year ago Month ago Year ago Instalment sales Month Year ago a«o Boston New York Philadelphia Cleveland Richmond Atlanta Chicago S t . Louis Minneapolis Kansas City Dallas San Francisco -32 -49 -44 -40 -41 -46 -34 -45 -32 -27 -31 -26 - 8 - 8 0 . - 9 +>2 -f 4 - 5 0 -10 - 7 +13 - 7 -45\ -40 \ -48 -51 -41 -39 -33 -45 -46 -21 -27 -25 +14 -11 - 2 + 5 - 1 + 8 + 4 - 3 - 5 + 2 + 3 + 2 -30 -53 -48 -39 . -44 -47 -40 -38 -32 -23 -33 -26 - 8 - 9 - 3 -10 + 3 - 5 -10 + 5 -13 - 6 +16 -10 -32 0 -33 -35 -26 -36 - 7 -56 -22 -37 -27 -26 -10 + 9 + 8 - 6 - 1 -12 + 6 - 9 - 4 -12 +10 - 5 U. S . Total -38 ' - 4 -37 0 -39 - 5 -25 - 2 Federal Reserve District Total n e t s a l e s Cash is a l e s Instalment Accounts Receivable (Percentage changes) Federal Reserve District Instalment receivables, end of month Month Year ago ago Boston New York Philadelphia Cleveland Richmond Atlanta Chicago S t . Louis Minneapolis Kansas City Dallas San Francisco U. S. Total - - 3 • - 5 - 5 - 5 - 4 -10 - 3 - 3 - 5 - 4 + 1 - 1 - 8 -14 - 2 +11 + 2 + 2 + 2 - 1 - 2 -19 + 5 + 3 - 4 - 4 Charge-account sales Year aao Month ago