Full text of H.8a Weekly Department Store Sales : April 6, 1961

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H.8a

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
FOR IMMEDIATE:5RELEASE
April 6, 1961,

Department store sales during March declined slightly from February
but were 4 per cent above the level of March I960, after seasonal adjustment.
The index for March is estimated at 143 per cent of the 1947-49 average compared
with 145 in February and 138 in March a year ago.
Index of department store sales l/
1947-49 = 1 0 0
Adjusted for seasonal variation
Without seasonal adjustment

Mar.

1961
Feb.

Jan.

I960
Mar.

el43
e!29

145
109

142
108

138
115

WEEKLY ^DEPARTMENT STORE SALES
Percentage change from corresponding period a year ago
District

One week ending
Ayr. l|Mar. 25|Mar. 181Mar. 11
+12
r+12
+ 7
+ 8

+ 8
+ 7
+10
+ 9

+14
+10
+18
+11

+13
+ 8
+ 7
+ 5

+
+
+
+

8
4
2
2

r+
r+
r+
-

6
9
5
2

+15
+12
+ 4
+14

+24
+21
- 2
+31

+11
+12
+ 2
+ 8

+
+
+
+

4
4
1
4

+13
+10
+ 7
+14

r+14
0
- 2
r+ 2

+10
+25
+ 9
- 1

- 1
+15
+ 9
+ 3

+ 9
+11
+ 6
. + 4

+ 2
+10
+ 2
+ 1

+ 5

r+ 7 v

+ 9

+10

+ 8

+ 4

3?oi,on
New York
Philadelphia
Cleveland

+18
+ 5
- 4
- 5

Richmond
Atlanta
Chicago
St. Louis

+
+
+
-

Minneapolis
Kansas City
Dallas
San Francisco
J

U. S. Total

Jan. 1
to
Anr. 1

Four weeks
ending
Anr. 1

3
8
2
2

S. weekly index, without seasonal adjustment. 1947-49=100 l/
1961
Mar.
Mar.
Mar.
Mar.
Apr.

4
11
18
25
1

122
128
140
rl40
150

1960
Mar.
Mar.
Mar.
Mar.
Apr.

5
12
19
26
2

98

116
129
131
143

Mar.
Mar.
Mar.
Mar.
Apr.

7
14
21
28
4

r—Revised.
e—Estimated.
1/ Monthly indexes refer to daily average sales in calendar month. March figures
estimated from weekly sales.
2/ During March and April changes from a year ago reflect in part the fact that
last year Easter was on April 17 while this year it was on April 2. For this
reason it is estimated that in comparison with last year an allowance should be
made for an increase in sales of about 8 per cent for the month of March as a
whole and a corresponding decrease for the month of April. These allowances apply
to the figures for the United States.
For description and weekly indexes for the period January 1937 to March 1958
for 3/
FRASER
see Federal Reserve Bulletin for April 1958, pp. 412-421.

Digitized


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