TU

FRIDAY, PIPION 7,

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Value index

190

180

170

160

150

140

Graph 1: Value Indexes of Total Retail Sales

Apart

130

120

Value index

190

1180

170

160

150

140

130

- 120

110-+---

Value index

110

100

Seasonally adjusted value index Trend

100

0

0

Mar

Jun

Sep Dec Mar Jun Sep Dec

Mar Jun

Sep

Dec

Mar

Jun

83

84

85

86

Graph 2: Volume Indexes of Total Retail Sales

Volume index

180

{

170

Volume index

Seasonally adjusted volume index

160

Trend

150

140

130

Volume Index

180

170

160

150

140

130

120

110

100

Ар

120

110

100

90

0

Mar

Jun Sep Doc

83

Mar Jun Sep Dec

84

Mar 85

Jun Sep 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 U.S. Bureau of the Census.

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