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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM G.7.U.2 FOR IMMEDIATE RELEASE #ey^mber 3 1 j 1 9 5 4 MONTHLY DEPARTMENT STORE STOCKS •oH (Eased on r e t a i l d o l l a r amounts) ^4/j/ Ac, <? ' ^ V 7 NOVEMBER 1 9 5 4 %" 'T fa... Department s t o r e stocks a t the en of November were unchanged from the l e v e l of ^GQ the preceding f o u r months a f t e r allowance f o r the usual seasonal change. The a d j u s t e d index i s estimated a t 1 2 4 per cent of the 1 9 4 7 - 4 9 average, compared with 127 f o r November 1953 and an average l e v e l of 122 f o r 11 months of 1954. Federal Reserve district • -p i oj Percentage change Index numbers (average end-of^month. stocks 1947-49=100) November 1954 from Seasonally a d j u s t e d Unadjusted Month Year 1953 1954 1953 1954 aero ago Nov. Nov.' Nov. | Oct. Nov. ! Boston New York Philadelphia Cleveland 118 113 118 115 116 116 116 116 115 115 120 121 138 129 134 130 131 130 132 128 134 132 137 136 + 5 0 + 2 + 1 + - Richmond Atlanta Chicago S t . Louis 145 lliU 122 116 147 1U1 122 115 rl45 149 12b 121 152 160 140 127 158 154 136 129 rl52 165 143 132 4 4 + 4 2 0 - 3 - 2 - 4 120 P132 pl29 130 120 131 132 128 115 137 136 133 133 pl48 Pl43 141 rl28 142 144 144 128 152 151 144 + 4 + 5 — l 2 — + - pl24 12k 127 P139 138 142 + 1 - 2 Minneapolis Kansas City Dallas San Francisco United S t a t e s 4- p—Preliminary. r—Revised. Note:—Indexes and percentage changes are based on value of stocks a t end of month. For d e s c r i p t i o n and monthly indexes f o r the period January 1919 to October 1951 see Federal Reserve B u l l e t i n f o r December 1951* pp. 1463l5l5* Indexes f o r t h e most recent thirteen-month period are shown r e g u l a r l y i n the B u l l e t i n , percentage changes are based on unadjusted indexes. 3 2 2 4 4 3 6 2
@FedFRASER