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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
x
FOR IMMEDIATE RELEASE
September 3» 1959.

H.8a

Seasonally adjusted department store sales advanced to a new high in
August. The index for the month is estimated at 150 per cent of the 1947-49
average, a rise of 1 per cent from the previous high of 149 established in July.
1252
1958
Index of department store sales 1/
August
July
June
August
1947-49 =100
Adjusted for seasonal variation
el50
149
144
147
Without seasonal adjustment
el32
121
136
129
WEEKLY DEPARTMENT STORE SALES
Percentage change from corresponding period a year ago
One week ending

District

Aug. 291Aug. 221Aug. 151Aug. 8
-14
-14
-13
-11

Boston
New York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
St. Louis

^15
- 1
- 5
- 6

Minneapolis
Kansas City
Dallas
San Francisco
U. S.Total

Four weeks
ending
Aug. 29

Jan. 1
to
Aug. 29
+ 3
+
3
+ 6
+ 7

-14
r-11
-12
- 2

0
0
+ 3
+ 4

+ 9
+ 9
+ 8
+10

-

r+
-

+
+
+
+

1
9
6
4

+ 4
+ 7
+11
+ 4

- 5
+ 5
+ 2
0

+
+
+
+

8
4
4
2

6
5
5
1

5
7
9
7

-15
- 5
+ 1
0

- 2
- 1
+ 5
r+11

+11
+ 8
+ 7
+11

+15
+ 9
+10
+ 8

+
+
+
+

1
3
5
7

+ 5
+ 8
+ 8
+10

- 7

- 1

+ 6

+ 9

+ 1

+ 7

U. S. weekly index . without seasonal adjustment. 1947-49=100 2/
1959
Aug.
Aug.
Aug.
Aug.
Aug.

1
8
15
22
29

121
131
132
132
138

1958 ^
Aug.
Aug.
Aug.
Aug.
Aug.

2
9
16
23
30

114
120
124
134
149

mL
Aug.

Aug.
Aug.
Aug.
Aug.

3
10
17
24
31

111
118
122
130
144

r—Revised. .
e—Estimated.
1/ Monthly indexes refer to daily average sales in calendar month. August 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.
_




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