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H.8a

•
'

FOR IMMEDIATE RELEASE.
February 8, 1962

Department store sales in January declined from the record December level. After
seasonal adjustment, the January index is estimated at 1^0 per cent of the 1947-49
average compared with I56 in December and 142 in January 1961.
1962
1961
Index of department store sales 1/ January
December November
January
1947-49 =100
142
Adjusted for seasonal variation
el50
156
153
108
184
Without seasonal adjustment
ell4
279
WEEKLY\PEPARTMEMT STORE SALES.
Federal Reserve
District

Percentage change3 from correspcjnding period a year ago
(Baised on retail dbllar amounts)
Jan. 1
'Four weeks
One week ending
ending
?/
Feb. 3 &•
Feb. 3
Feb. 3lJan. 271 Jan. 20!Jan. 13

Boston
'New York
Philadelphia
Cleveland

+11
+17
+23
+ 6

+14
+16
+16
r+14

+52
+24
+39
+10

+10 '
r+ 5 '
- 2
- 5

+20
+15
+17
+ 6

+13
+11
+12
+ 5

Richmond
Atlanta
Chicago
St. Louis -

+21
+ 3
+ 3
+17

+21
+12
+10
+12

+33
+15
+ 9
+11

- 3
- 5
- 3
-16

+16
^+ 6
+ 4
+ 5

+11
+ 7
+ 3
+ 1

Minneapolis
Kansas City
Dallas
San Francisco

- 5
+ 4
+12
- 1
+ 8

r+l6
+ 5
+ 9
+12

- 4
- 6
+12
+13

-10
- 9
+ 7

+
+

+14

+17

- 2

+ 9

U. S. Total

-16 •

1
2
3
8

+
+

1
3
3
7

+ 7

U. S. weekly index, without seasonal adjustment. 1947-49=100 3/

Jan. 13
Jan. 20
Jan. 27

2262
Jan.
Jan.
Jan.
Jan.
Feb.

7
14
21
28
4

118
129
107
103
106

1260
Jan. 9
Jan. 16
Jan. 23
Jan. 30
Feb. 6

132
121
113
111
ill

r—Revised.
~
e—Estimated
1/ Monthly indexes refer to daily average sales in calendar month. December figures
estimated from weekly sales.
2/ Comparison period begins with January 1-6 week in 1962 and with January 2-7 week
in 1961.
3/ 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.
January this year had one more trading day than last.




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