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H.8a

BOARD, OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
FOR IMMEDIATE 'RELEASE
August 6, 1959.

>15

Department store sales in July increased 2 per cent from June and were
5 per cent above July 1958, after seasonal adjustment. The July index is estimated
at 147 per cent of the 1947-4-9 average, equalling the previous high established in
August of last year.
1959
12S
Index of department store sales 1/
July
June
May
July
1947—49 = 100
Adjusted for seasonal variation
el47
144
144
140
Without seasonal adjustment
ell9
136
141
112
WEEKLY DEPARTMENT STORE SALES .
Percentage change from corresponding period a year ago

Federal Reserve

One week ending

District

Aug. l|July 251 July 181 July11
Boston
New York
Philadelphia
Cleveland

+ 4
+ 2
+ 5
+• ?

+ 7

+
+
+
+

Richmond
Atlanta
Chicago
St. Louis

+
+
+
+

1
4
7
4

+
+
+
+

3
3
9
1

+ 3
+ 3
+ .9
+ 5

+ 1
+15
+11
+13

Minneapolis
Kansas City
Dallas
San Francisco

+
+
+
+

6
4
8
9

r+ 2
r- 1
0
+ 8

+ 7
+ 5
+ 6
+15

+ 3
+10
+14
+11

+ 6

+ 5

+ 7

+ 9

U. S. Total

- 1
r+ 5
+ 3

3
7
2
5

+
+
+
+

2
1
6
9

Four weeks
ending
Aug. 1

•

!

+ 2
+^4
+ 4
+ 7

Jan. 1
to
Aug. 1
+
+
' +
+

5
4
7
8

+ 2
f6
+ 9
+ 6

+ 7
+ 7
+10
+ 8

+ 4
+ 5
+ 7
+11 .

+ 6
+ 9
+ 8
+11

+ 7

+ 8

U. S. weekly index, without seasonal adjustment. 1947-49=100 2/
19i2
July
July
July
July
Aug.

4
11
18
25
1

109
126
118
117
121-

19j8
July
July
July
July
Aug.

5
12
19
26
2

102
116
110
111
114

1252
July
July
July
July
Aug.

6
13
20
27
3

101
111
108
108
111

r—Revised.
e—Estimated.
1/ Monthly indexes refer to daily average sales in calendar month. July figures
estimated from weekly sales.
2/ For description and weekly indexes for the period January 1937 to March 1958
see Federal Reserve Bulletin for April 1958, pp. 412-421.
Weekly indexes at the district and city levels are published by several of
the Federal Reserve Banks.