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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM June 9» 193& 5&S rtp - 13S For release in morning papers Thursday, June 11 DEPART!,ENT STORE SALES IN MAY 1936 Preliminary report Department store sales increased from April to May, although a decline is usual at this season. The Board's seasonally adjusted index, which makes allowance for differences in the number of business days, was 88 percent for May compared with 81 percent for April and an average of 82 percent for the first four months of the year. Aggregate value of sales reported for May was 12 percent larger and for the first five months of 1936, 9 percent larger than in the corresponding periods of 1935• REPORTS BY FEDERAL RESERVE DISTRICTS Percentage change from a year ago January 1 to May * May 31 Number of store's reporting Number of cities included +12 49 588 280 43 49 +9 49 +10 55 58 39 31 33 30 17 11 Richmond Atlanta Chicago St. Louis +13 +10 49 +10 49 49 58 4o 65 37 28 21 31 21 Minneapolis Kansas City Dallas San Francisco +13 +12 +18 +7 49 49 +13 +10 48 24 21 112 26 12 10 4o Total Federal Reserve districts:• Boston New York Philadelphia Cleveland 49 +12 +21 +lU * May figures preliminary; in most cities the month had one less business day this year than last year.
@FedFRASER