View original document

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

giv
H.8a

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
FOR IMMEDIATE RELESAE
March 10 ^ I960.
WEEKLY DEPARTMENT STORE SALES

Percentage change from corresponding period a year ago

Federal Reserve
District

One week ending
v

Iar. 51 Feb. 271 Feb. 201 Feb. 13
+
-

1
3
6
4

+14
+10
+ 6
0

Jan. 1
to
Mar. 5

Four weeks
ending
Mar. 5

-31
-23
-32
-20

+ 5
- 2
0
- 8

Richmond
Atlanta
Chicago
St. Louis

-31
-21
-11
-25

- 2
r- 2
-14
-19

-13
+ 1
+ 2
- 7

+
+

5
1
5
1

-13
- 6
- 5
-13

+
-

6
3
2
3

Minneapolis
Kansas City
Dallas
San Francisco

- 3
-13
- 7
- 5

r- 1
-21
-12
- 3

0
- 5
0
+ 4

+
+
+

4
1
2
2

0
-10
- 5
• - 1

+
+

5.
4
1
1

-17

- 7

- 2

+ 4

- 6

U. S. Total

'-

0
+ 1
- 1
+ 2

Boston
New York
Philadelphia
Cleveland

4
5
9
8

+ 1

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

6
13
20
27
5

111
115
107
HO
98

122.

Feb.
Feb.
Feb.
Feb.
Mar.

7
14
21
28
7

108
111
109
118
118

Feb.
Feb.
-Feb.
Mar.
Mar.

8
15
22
1
8

99
103
88
10?
112

r—Revised.
1/ During March and April changes from a year ago reflect in part the fact that
last year Easter was on March 29 while this year it will be on April 17. For
this reason it is estimated that in comparison with last year an allowance should
be made for a decrease in sales of about 8 per cent for the month of March as a
whole and a corresponding increase for the month of April. These figures apply
to the figures for the United States.
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.