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. m n ' "H.8a BOARD OF GOVEhNOKo OF THE FEDERAL RESERVE SYSTEM FOR IMMEDIATE RELEASE December 20, 1956 Since sales rise sharply with the approach of Christmas, the fact that the corresponding week last year was two days nearer- Christmas becomes significant in comparing weekly data. In general, this causes weekly data to show a less favorable comparison with the previous year than if strictly comparable calendar periods were available. This should be taken into consideration in evaluating weekly percentage changes from a year ago. WEEKLY DEPARTMENT STORE SALES Federal Reserve District Percentage charge from corresponding period a year ago (Based on retail dollar amounts) Four weeks Jan. 1 One week ending ending to Dec.15(Dec. ti|Dec. 1| Nov. 2U Dec. 15 Dec. 15 -k h Boston New York Philadelphia Cleveland + 2 r~ U •Richmond Atlanta Chicago St. Louis + + + 1 2 3 3 - a r- 2 - 3 - 1 + 6 + h + + + + 1 8 6 I - 1 0 + 2 0 + 2 + h + 3 + 3 Minneapolis Kansas City Dallas San Francisco + + + + 5 3 3 2 + r- + 3 + 1 -11 - 9 + 8 - 1 + 2 + 5 - 2 - 3 h + k + 1 + 2 + 1 0 + 3 ' U. S. Total + 1 - h + 2 - r- 2 - h r+ + ~h - 9 3 9 5 5 r- 3 r + 1 r+ it 0 - 7 U 5 1 1 - 0 h r+ 2 + - - + + + + 3 1 3 1 2 5 3 3 U . S . weekly index, without seasonal adjustment, 19U7-U9-10Q 1/ 1956 Eov. 17 151 ""Nov. 2h rlU9^Dec. 1 rl97Dec. 8 r 2 2 7 Dec. 15 260 1955 Nov. Nov. Dec. Dec. Dec. 19 26 3 10 17 1U2 lU6 197 235 255 195U Nov. Nov. Dec. Dec. Dec. 20 27 U 11 18 13U 133 192 22U 2U0 r—Revised. 1/ For description and weekly indexes for the period January 1937 to March 1252 s°.b Federal Reserve Bulletin for. April 1952, pp. 359-362. Indexes-for the period Ajril l?b2 to date may be obtained upon request from the Division of Research aisi Statistics/' weekly indexes at the district and city levels are published by several of the Federal Reserve Banks.
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