Full text of G.16 Retail Furniture Report : November 5, 1962

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November 5, 1962
RETAIL FURNITURE STORE REPORT FOR SEPTEMBER 1962

Instalment accounts receivable of reporting furniture stores
at the end of September were approximately the same as in the preceding five months and continued, slightly above the year-earlier level.
Collections on these accounts were 11 per cent of the amount outstanding
at the beginning of the month, about the same rate of collection as in
September 1961.
Total sales at reporting stores,which usually decline in
September, were 10 per cent below the August volume but 2 per cent
above that of ta year earlier. In the first nine months of the year,
sales of all types showed substantial gains over 1961.
Furniture Store Statistics for September 1962
Percentage increase or
decrease (-) from:
Jan.-Sept. 1S61
Month
Year
to
ago
ago
Jan.-Sept. 1962
Net sales during month
Total
Cash
Instalment
Charge account

-10
-11

-11
- 6

Accounts receivable, at end of month
Total
Instalment
Charge account

2
1
8

i

!
Sept.
1962
Collection ratios on instalment accounts 1/

11

Aug.
1962

Sept.
1961

12

11

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




RETAIL FURNITURE STORES - SEPTEMBER 1962
Total Net Sales
Percentage increase or decrease (-) from:
Jan.-Sept. 1961
Month
Yea*
to
ago
Jan.-Sect. 1962

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

2
-13
3
-18
-15
-19
- 4
-19
2
-14
-18
-6

U. S. Total
•

1 0

4
- 1
4
6
- 4
- 4
a
- 7
- 8
- 5
12
3

6
7
5
15
11
7
10
1
- 4
0
12
6

2

7

!

Instalment Accounts Receivable
^ Federal
Reserve
District

Percentage increase or decrease (-) from:
Year
;
Month
aRO
i
afco

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




2
-1
2
1

-2
1
-2
0
j
-i

0

- 3
4
5
1
-20
4
7
1