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H.8b BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM • FOR -IMMEDIATE RELEASE' • December 9, .1960, INTERPRETATION OF PERCENTAGE CHANGES DURING CHRISTMAS SEASON; .Since sales rise sharply' with the approach of Christmas, it is important in evaluating the weekly year-to-year"percentage changes to note that the comparison weeks in 1959 have the advantage of ending two days nearer to Christmas. Correspondingly, the I960 weeks are at"a disadvantage in these comparisons. If sales were available for exactly comparable calendar periods in both years, the resulting percentage changes probably would be somewhat more favorable than those shown below. WEEKLY DEPARTMENT STORE SALES - SELECTED CITIES AND AREAS Percentage change, fr.om corresponding period a year ago (Based on retail dollar amounts) Jaii.-Oct. Week ending • 1960 Nov. :121 Nov. 191 Nov. 261 Dec. 3 ±.1 =JL zJL zJL Federal Reserve District, Area, and City UNITED STATES Boston District Metropolitan. Areas Boston Downtown Boston Suburban Boston Cambridge Quincy Lowell City Springfield ±_2 Mass, ». ii " " + + + + - 3 3 4 7 2 3 0 0 0 + 2 0 -10 . + 4 New York District Metropolitan Areas Buffalo N.Y. New York-N.E. New Jersey N.Y.-N.J. .N.J. Newark New York N.Y. " Rochester " ii Syracuse Philadelphia District Metropolitan Areas Wilmington Trenton Lancaster Philadelphia Reading Scranton Wilkes-Barre—Hazleton • . rJ: Del. 'N.J. Pa. it 11 *• 2 + 4 ±-2 + 2 + 5 0 + 1 + 4 0 0 2 6 1 1 2 ' • 6 + + ±_1 zJL + 1 + 5 + 3 0 + l - i 0 -12 - 3 - 8 - 7 - 6 -11 - 2 + - 4 7 2 6 5 7 + 4 r+ 4 + 7 - 6 - 7 - 5 - 2 -11 -14 . . - 3 + 5 + 1 +10 +6 - 5 + 8 =J> .__o -11 - 6 -11 - 9 - 8 -10 - 2 - 1 -12 r- 3 - 4 •o - 6 - 7 -15 - 9 - 5 - 7 -11 - 3 -13 -10 -13 -15 - 8 r+ r- - 3 - 6 - 6 -10 -10 -17 -13 6 2 4 4 4 4 - 1 - SJl H.8b WEEKLY DEPARTMENT STORE SALES - SELECTED CITIES AND AREAS (Continued) Percentage change from corresponding period a year ago (Based on retail dollar amounts) Week ending Jan.-Oct. 1960 Nov, 121 Nov. 191 Nov. 261 Dec. 3 Federal Reserve District, Area, and City- Cleveland District Metropolitan Areas Lexington Akron Canton Cincinnati Cleveland Downtown Cleveland Columbus Springfield Toledo^ Youngstown Erie Pittsburgh Downtown Pittsburgh Wheeling Richmond District Metropolitan Areas Washington Downtown Washington Baltimore Downtown Baltimore Richmond Atlanta District Metropolitan Areas Birmingham Mobile J acksonville Miami Tampa-St. Petersburg Atlanta Augusta Columbus New Orleans ... Knoxville Cities Mi ami-Downtown Central Atlanta Chicago District Metropolitan Areas Chicago Indianapolis Detroit Grand Rapids Milwaukee Ky. Ohio " " " " " " " Pa. W.Va. + 2 - 4 3 1 1 1 2 1 2 7 1 1 3 5 2 0 - 4 -13 - 9 - 2 - 5 -12 - 3 -12 + 8 0 - 5 - 3 - 5 + 3 0 - 6 0 -5 ' - 4 0 - 9 - 7 -10 + 7 + + + + + + + + . =~L r-ll -10 -11 r- 6 - 9 -14 - 6 -12 - 3 -13 r-15 - 5 - 8 -18 __o =10 + -18 -17 -13 - 9 -13 -19 - 5 -14 - 2 -14 - 7 -11 -14 - 3 8 6 5 2 0 - 6 + 4 -12 + 9 - 4 - 6 0 - 3 - 2 =-2. D.C. Md. Va. -11 . -15 - 7 - 7 -12 + 1 Ala. =JL r- 2 r- 8 r- 3 - 4 -10 La. Tenn. - 0 8 4 7 2 4 0 1 9 7 - 2 + 1 -12 +14 0 - 8 -12 - 6 r-22 - 5 0 - 3 -15 + 5 r- 5 r- 6 + 4 - 1 - 6 r+ 1 Fla. Ga. - 5 -11. -13 - 8 - 5 -11 r-16 -10 Fla. " " Ga. 11 " + 1 111. Ind. Mich. ii. Wis. 0 0 + 3 - 2 + 2 - 7 -14 - 7 - 9 -12 r=JL r^_2 0 + 2 +10 + 8 + 7 + 1 + 2 - 4 , 0 0 + + + - -10 + 4 - 5 - 9 - 9 • -15 - 2 -14 - 6 - 3 -12 - 6 -17 - 6 -10 -22 -16 - 6 z_Z - 2 -14 -13 -11 - 5 i 1 - 3 3 5 4 3 - 6 - 9 - 8 -12 - 7 >v & I i. i r* • fc % H.8b Page -3 WEEKLY DEPARTMENT STORE SALES - SELECTED CITIES AND AREAS (Continued) Percentage change from corresponding period a year ago (Based on retail dollar amotints) Week ending Jan.-Oct. I960 - L v . 121iNov. 191 Nov. 261 Dec. 3 Federal Reserve District, • Area," and City . St. Louis District Metropolitan Areas Little Rock Louisville St. Louis Memphis Minneapolis District Metropolitan Areas Mpls»—St. Paul. Mpls. and Suburbs St. Paul Cities Duluth-Superior • •-10 r_2 Ark. Ky, Mo. Tenn. Minn. " Minn. & Wis, Kansas Citv District Metropolitan Areas Denver Topeka Wichita Kansas City Downtown Kansas City St. Joseph Lincoln Albuquerque Oklahoma City Tulsa City Joplin Dallas District Metropolitan Areas Dallas El Paso Fort Worth Houston San Antonio 4 7 1 3 - 4 -12 -12 - 4 + 1 ±_5 + 2 + 4 - 1 + 5 + 4 + 9 + 2 + + - o • __o -19 -17 - 7 -12 - 1 - 1 - 1 - 3 - 2 - 7 - 5 - 5 - 6 - 2 - 2 -18 r_i + 2 + 1 -21 -11 -13 - 7 +13 -13 -13 -27 + 1 -10 -10 - 5 - 6 - 4 + 4 - 7 - -11 -15 r- 5 " - 3 + 2 - 4 -19 - 5 - 6 -22 +16 - 4 • -11 - 4 Mo. -10 - 9 - 3 - 6 =15. Tex. + l -13 - 5 0 - 4 Col. Kans. " Mo,-Kans. Mo. Nebr. N.Mex. Okla.• + 2 - 1-14 + 2 - 2 - 4 + 6 - 3 0 -14 -10 - 6 -10 -14 . - -10- - 5 -17 - 6 - 8 -11 - 5 - 2 -13 -27 -14 -11 -13 0 -22 -13 - 9 -14 - 9 + 7 -16 . . -16 -10 -26 =10 - 8 -12 -12 - 6 - 4 - 4 -18 -10 -11 -11 H.8b Page 4 / W E E K L Y DEPARTMENT STORE SALES - SELECTED CITIES AND AREAS (Continued) Percentage change from corresponding period a year ago (Based on retail dollar amounts) Jan.-Oct. Week ending I960 Nov. 12!iNov. 191 Nov. 261 Dec, 3 Federal Reserve District, Area, and City San Francisco District Metropolitan Areas •Los Angeles-Long Beach Downtown Los Angeles Westside Los Angeles Sacramento San Diego . San Francisco-Oakland San Francisco City Oakland San Jose Portland Salt Lake City Seattle Spokane Tacoma r—Revised. Calif. Ore. Utah Jash. T " " 0 r-J 1 3 1 4 7 3 1 3 . 7 2 1 — 4 0 - 4 0 - 1 - 2 0 + 9 - 3 - 9 + 8 - 2 - 7 + 2 -12 - 9 - 8 + + + + + + + - * Not available. r- 9 -21 - 6 - 2 + 7 0 - 4 +12 + 1 -12 - 1 r- 8 + 1 - 6 + + + + + + - 4 6 4 1 6 1 1 3 3 5 l 7 3 6 - 1 - 3 0 - 5 + 5 - 6 - 7 - 5 - 2 - 9 + 2 -12 - 9 -12
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