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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
FOR IMMEDIATE RELEASE
January 3, 1957

H,8a

Total dollar volume of department store sales in December reached an all:
time high. The adjusted index for the month is estimated at 130 per cent of the
i !Pii7-uP average, compared with 131 for November and 123 for December 19$$*
1956
1955
Index of department store sales IJ
Dec.
Nov.
Oct.
Dec.
1917-49=100
Adjusted for seasonal variation
e 130
131
122
123
Without seasonal adjustment
e 225
158
128
212
. WEEKLY DEPARTMENT STORE SALES
Federal Reserve
District

Percentage change from corresponding period a year ago
(Based on retail dollar amounts)
Four weeks
i week ending
ending
Jan. 1
to
Dec, 29* | Dec.-22| Dec.151 Dec. 8
Dec. 29
Dec. 29

+15

+35

Boston
New York
Philadelphia
Cleveland

+27
+25
+18

r+20
+1U
+11

-h
+ 1
- h
+ 3

Richmond
Atlanta
Chicago
St. Louis

+31
+26
+37
+18

+17
r+ 9
+lli
+13

+
+
+

Minneapolis
Kansas City
Dallas
San Francisco

+21*
+ 23
+ 23
+19

r+17
+1U
r+12

r+15

U» S• Total

+27

r+15 •

1
3
h
3

+ 5

r+ 3
+ 3
+ 2

+
+
+
+

- k
- 2
-

k
k

- u

+ 3

+ 5
+ h
+ h

— 2
- k
- 9
+ 3
- 9
- 6

- 5
h

+ 7

U. S. weekly index, without seasonal adjustment, 19i&7-^9'=103
1956
Fee. 1
Dec. 8
Dec. 15
Dec. 22
Dec. 29

197
226
260
r265
112

1955
Dec.
Dec.
Dec.
Dec.
Dec.

3
10
17
2k
31

197 .
235
255
231
88

+ 5

+10

+ 5
+ 5
+ 5

-

3
6
3
3

195U
Dec.
Dec.
Dec.
Dec.
1955 Jan.

k
11
18
25
1

+ 2
+ 3
+ 1

2/
192
22U
21*0
190
80

- e—Estimated.
r—Revised.
1/ Monthly indexes refer to daily average sales in calendar month. December 1956
"fig-ires estimated frcm weekly sales. December this year had one less trading day
i'iran last.
2/ r'cr description and weekly indexes for the period January 1937 to March 1952 see
Federal Reserve Bulletin for April 1952, pp. 359-362. Indexes for the period
April 1952 to date may be obtained upon request from the Division of Research
and Statistics.
year there was one shopping day before Christmas, while last year there was
Digitized* forThis
FRASER
none.