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,^H.8a

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
FOR IMMEDIATE RELEASE
May 7, 1959.

Department store sales in April continued at the advanced level of the
first quarter and the seasonally adjusted" index for the month is estimated at 139
per cent of the 1947-49 average.
Index of department store sales if
1947-49 = 100
Adjusted for seasonal variation
Without seasonal adjustment

Mar.

Feb.

1958
Apr.

1 #
125

140
107

1 #

1959

Apr.
el39
e!29

130

WEEKLY DEPARTMENT STORE SALES

I
1

Percentage change from corresponding period a year ago
District

May 2 1 Apr. 251 Apr. 18 I Apr. 11

Boston
' New York
Philadelphia
Cleveland
1

+ 6

+ 6

- 1
+ 6

- 1
+ 1

Four weeks
ending
May 2

Jan. 1
to
May 2

- 3
+ 8
- 2
+12

+25
+18

+ 8

+32
+23

+ 5
+ 9

+ 7
+ 6

- 6

±_z_

Richmond
Atlanta
Chicago
St. Louis

+ 1
+ 1
+10
+12

+
+
r+
+

1
2
7
2

+ 8
+ 6

+15
+18
+14
+13

+
+
+
+

Minneapolis
Kansas City
Dallas
San Francisco

+ 4
+13
+14
+ 6

+
r+
+
+

3
9
9
4

+
+
+
+

+ 5
+11
+17
+13

+ 5
+10
+12 v
+ 7

+ 5
+10
+10
+11

+18

+ 9

+ 8

+ 8

U. S. Total

+ 4

+7
8
5
7
4

+ 6

-

2
7
9
8

+ 7
+ 8
+ 9

U. S. weekly index , without seasonal adjustment. 1947-49 = 10b
1959
Apr. 4
Apr. 11
Apr. 18
Apr. 2 5

May

2

117
130
132

142
142

1968
Apr.
Apr.
Apr.
Apr.
May

5
12
19
26
3

134
110
125
136

132

1957
Apr.
Apr.
Apr.
Apr.
May

6
13
20
27
4

121
131

•

138

131
143

r—Revised.
*Data not available.
e—Estimated.
1/ Monthly indexes refer to daily average sales in calendar month. April figures
estimated from weekly sales.
2/ During April changes from a year ago reflect in part the fact that last year
Easter was on April 6 while this year it was on March 29. For this reason it is
estimated that in comparison with last year an allowance should be made for a
decrease in sales of about 2 per cent for the month of April as a whole. These
- allowances apply to the figures for the United States.
Weekly indexes at the district and city levels are published by several of the
Federal Reserve Banks.





Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102