4

Graph 1: Value Indexes of Total Retail Sales

Value index

Value index

190

190

180

180

1170

170

-160

160

-150

150

-140

140

130

130

120

120

110

110

Value index

Seasonally adjusted value index

100

100

Trend

0

0

Mar

Jun

Sep Dec

83

Mar Jun

84

Sep

Dec

Mar Jun

85

Sep

Mar Dec

86

Jun

Graph 2: Volume Indexes of Total Retail Sales

Volume index

Volume index

180

170

Volume index

Seasonally adjusted volume index

160

Trend

150

140

130

180

170

160

-150

140

130

100

120

110

Jan

120

110

100

90

90

0

0

Mar

Jun

Sep

Dec

Mar

Jun

Sep

Dec

Mar

Jun

Sep

83

84

85

Dec Mar

86

Jun

Notes. (1) Monthy average of 1980 = 100.

(2) The seasonally adjusted value and volume indexes and Henderson trends are compiled using

theX-11 variant seasonal adjustment program of the US Bureau of the Census.

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