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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
FOR IMMEDIATE RELEASE
June 7 j 1956

H.8a

Department store sales in May were slightly higher than in the previous month,
after allowance for the usual seasonal change. The adjusted index, is estimated at
123 per cent of the 19kl-h9 average, compared with 122 for April and 117 for May
19#.
Index of department store sales 1/
19U7-U9=100
Adjusted for^se&sonal variation
without seasonal adjustment

May

Apr.

el23
el21

122
113

1956
Mar.
122
111

Feb.
113
. 92

1955
Iviay
117
116

WEEKLY DEPAR%IENT STORE SALES
Federal Reserve
District

Boston
New York
Philadelphia
Cleveland

Percentage change from corresponding period a year ago
(Based on retail dollar amounts)
| Four weeks Jan. 1
One week ending
|
ending
to
June 2
June 2 1 iiay 26 | May 19 j May 12* | June 2
1
+ 2
+20
0
i + 1
1
+ h
- 5
+ 6
+ 6
+18
r- 1
+ 3
!
+ 7
+ 8
| + 6
0
+13
+ k
+ 5
+ 6
+20
+ 8
+ 5
+ k
i
+ 9

Richmond
Atlanta
Chicago
St. Louis

+ 1
0
+ 9
+ 9

Minneapolis
Kansas City
Dallas
San Francisco

+31
+ 7
+ 9
+ 5

+ 5
r+ 1

U. S. Total

+ 7

+ 3

- 7
+

k

r+ 5
+ 6
r+10

+12
+12
+ 5
+ 6

+20
+25
+13
+33

+
+
+
+

5
7
3
3

+ 6

.

+ 6
+10
+ 8
+13

+
+
+
+

3
5

+21

+15

+31
+16

+12
+ 6

+
+
+
+

1
3
1

+19

+ 9

+ 3

1
!
i

2

h

h

u. S. v;eekly index, without seasonal adjustment, 1917-19=100 2/
1956
1955
195 U
May
5
May
7
hay
8
125
13 h
123
May 12
Hay 1U
108
129
May 15
97
May 19
Kay 21
122
115
May 22
106
May 26
Kay 28
117
liU
May 29
101*
June 2
June U
102
109
June 5
97
e—Estimated.
1/ Monthly indexes refer to daily average sales in calendar month. May 1956 figures
estimaJbedff1rcm weekly sales, iviay this year had one more trading day than last.
2/ For description and meekly indexes for the period January 1937 to March 1952 see
Federal Reserve Bulletin for April 1952, 359-362. Indexes for the period April
1952 to date may be obtained upon request from the Division of Research and
^Statistics.
—Comparisons are affected by the fact that Mother's Day is one vreek later this
year than last.
Weekly indexes at the district and city levels are published by several of the
for
FRASER
Federal Reserve Banks.

Digitized