Full text of H.8a Weekly Department Store Sales : July 7, 1960

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,'H.Sa

BOARD OF GOVERNORS OF THE F&felUL RESERVE SYSTEM :
FOR IMMEDIATE RELEASE
July 7, I960.

Department store sales advanced 4 per cent from May to June after
seasonal adjustment. The index for June is estimated at 146 per cent of the
1947-49 average compared with 141 in May and 144 in June 1959.
Index of department store sales l/
June
1947-49 = 100
X
Adjusted for seasonal variation
vZ el46
Without seasonal adjustment
v%el]8

I960
May

April

1232
June

141
138

153
149

144 "
136

WEEKLY DEPARTMENT STORE SALES

Federal Reserve
District

Percentage change from corresponding period a year ago
(Based on retail dollar amounts)
Jan. 1
Four weeks
One week ending
to
ending
July 2
July 2*1 June 251 June 181 June 11
July 2

Boston
New York
Philadelphia
Cleveland

+23
+24
+ 3
+14

+ 8
+15
+ 4
+ 6

+
+
+
+

8
7
3
6

+11
+ 5
- 1
+ 3

+12
+12
+ 2
+ 7

Richmond
Atlanta
Chicago
St. Louis

- 4'
+ 9
+18
+13

0
r+ 6
+ 3
+ 6

+
+
+
+

3
5
3
9

+
+

5
9
1
8

+
+
+

Minneapolis
Kansas City
Dallas
San Francisco

+18
+19
+10
+15

+
-

5
3
8
2

-

3
1
3
1

+
+
+

U. S. Total

+15

+
+
-

9
5
1
4

r+ 5 /

+ 2

+3

+
+
+
+

4
6
2
4

S1
7
5
9

+
+
+

2
2
2
1

6
4
1
1

+
+

4
1
1
1

+ 6

+ 3

U. S. weekly index, without seasonal adjustment. 1947-49=100 2/
I960
June
June
June
June
July

4
11
18
25
2

131
144
147
rl24
125

1959
June
June
June
June
July

6
13
20
27
4

150
141
143
118
109

1958
June
June
June
June
July

7
14
21
28
5

135
138
117
110
102

r—Revised.
e—Estimated.
l/ Monthly indexes refer to daily average sales in calendar month. June 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.
* Independence Day last year occurred in the week ending July 4, whereas this
it is one week later. Therefore, the week ending July 2, i960 had one more
Digitizedyear
for FRASER
trading day than the corresponding week last year.