Full text of G.16 Retail Furniture Report : October 9, 1959
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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM G.l6 ' October 9, 1959 RETAIL FURNITURE REPORT FOR AUGUST 1959 Instalment and chaxg? accounts receivable at furniture stores at the end of August were 1 per cent and 6 per cent respectively above the July levels. Collections on instalment accounts were 12 per cent of the amount outstanding at the beginning of the year. Total net sales at reporting stores increased 6 per cent during August reflecting increases in cash and credit sales. Reported sales this year through August were 10 per cent above a year earliert reflecting as in other recent months sales gains in each Federal Reserve District. Furniture Store Statistics for August 1959 Percentage change from: Jan.-Aug. 1958 to (Month Year ago Jan.-Aug. 1959 Net sales during month Total Cash Instalment Charge account + 6 + 2 + 6 +13 + 8 +10 + 6 +15 +10 + 8 + 9* +13 Accounts receivablef at end of month Total ' Instalment Charge account + 3 + 1 + 6 + 8 + k +17 XXX XXX Aug. July 1959 1959 Collection ratios on instalment accounts l/ 12 Aug. 1958 12 1/ Collections during month as percentage of accounts outstanding at beginning of month. G.i6 - 2 — RETAIL FURNITURE STORES AUGUST 1959 Sales by Type of Transaction (Percentage changes) Federal Reserve District Cash sales Month Year ago ago Instalment Charge- account sales sales Month Year Month Year ago ago ago ago - 2 + 9 + 6 + 4 + 3 + 7 +20 + 4 +1 I +10 j + 5 } + 6 + 3 +14 -19 -11 + 4 0 - 1 + 1 +25 0 + 3 +10 +17 +10 + 6 - 9 +12 +11 + 2 + 7 +32 - 4 +10 +13 + 6 0 + 2 +13 + 9 +10 + .2 + :3 + -4 + .1 0 - 9 + 6+ 2 + 4 + 1 + 5 +16 + 1 + 1 + 1 + 2 +13 - i + 2 +10 • 6 + 6 1 . J Total net sales Month Year ago ago Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco +11 + 5 + 5 + 1 + 9 + 8 +13 + 4 + 6 +12 + 1 + 1 U. S. Total + 6 +u I +11 + 6 +11 + 7 +15 +13 + 9 - 1 +39 +18 +32 +16 + 4 + 1 +14 +25 +46 +24 - 4 +11 +14 + 7 +13 +15 Cumulative Sales "by Type of Transactiony and Instalment Accounts Receivable (Percentage changes) Federal Reserve District Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco U. S. Total j : j l j Cumulative sales. Jan.-Aug. change from 1958 to 1959 Total Cash InstalChargement account Instalment receivablesf end of month Month Year ago ago + + + + + + + + + + + + +3 0 0 +1 -+2 +1 +3 +2 0 +2 +1 +1 10 4 11 9 11 9 14 9 7 7 6 13 j + 10 n.a. - Not available. +15 +14 + 9 + 7 +13 +10 - 2 0 + 5 + 8 + 8 +10 j*=i +14 + 6 +15 + 7 + 1 +10 + 9 + 8 + 9 +17 + 9 + 7 + 2 + 2 +14 +16' +27 +25 +14 + 5 +14 +13 +10 + +13 +1 + 7 + 3 + 7 + 6" + 1 + 5 +11 +11 + 4 + 4 + 3 + 8 l + 4 n. a.