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Business Week Index


Business Week Index

BusinessWeek Index

PRODUCTION INDEXThe production index slipped in the week ended Nov. 1, while the unaveragedindex remained at 125.5. Rail-freight traffic and coal output were down becauseof disruptions, delayed deliveries, and shortages of railcars in the westernpart of the U.S. for the past eight weeks. The trouble was principally with theUnion Pacific rail lines. Output of steel, autos, trucks, electricity, andlumber were up. October's monthly index was 126.6, up 0.2% from the Septemberfigure of 126.4.BW production index copyright 1997 Bloomberg L.P.PRODUCTION INDICATORS

LATEST WEEK YEARLY

WEEK AGO % CHG

STEEL (11/8) thous. of net tons 2,189 2,159 # 11.9

AUTOS (11/8) units 130,087 128,196 r# 3.8

TRUCKS (11/8) units 145,462 146,100 r# 28.8

ELECTRIC POWER (11/8)

millions of kilowatt-hrs. NA 60,971 # NA

CRUDE-OIL REFINING (11/8)

thous. of bbl./day NA 14,737 # NA

COAL (11/1) thous. of net tons 20,591 # 21,157 1.2

LUMBER (11/1) millions of ft. 460.7 # 447.1 -5.5

RAIL FREIGHT (11/1)

billions of ton-miles 27.2 # 27.8 -2.5

Sources: American Iron & Steel Institute, Ward's Automotive Reports, Edison

Electric Institute, American Petroleum Institute, Energy Dept., WWPA1, SFPA2,

Association of American Railroads

LEADING INDICATORS

LATEST WEEK YEARLY

WEEK AGO % CHG

STOCK PRICES (11/7) S&P 500 927.51 914.62 26.9

CORPORATE BOND YIELD, Aaa (11/7) 6.93 % 6.93 % -3.5

INDUSTRIAL MATERIALS PRICES (11/7) 104.1 105.3 -1.1

BUSINESS FAILURES (10/31) NA NA NA

REAL ESTATE LOANS (10/29) billions NA NA NA

MONEY SUPPLY, M2 (10/27) billions $3,977.5 $3,981.5 r 4.8

INITIAL CLAIMS, UNEMPLOYMENT (11/1) thous. 315 299 r -6.3

Sources: Standard & Poor's, Moody's, Journal of Commerce (index: 1990=100),

Federal Reserve, Labor Dept.

PRICES

LATEST WEEK YEARLY

WEEK AGO % CHG

GOLD (11/12) $/troy oz. 308.150 313.500 -19.3

STEEL SCRAP (11/11) #1 heavy, $/ton 143.50 139.50 23.2

COPPER (11/7) cents/lb. 93.3 93.8 -4.8

ALUMINUM (11/7) cents/lb. 78.0 76.0 13.9

COTTON (11/7) strict

low middling 1-1/16 in., cents/lb. 70.12 69.55 0.6

OIL (11/11) $/bbl. 20.21 20.61 -14.9

CRB FOODSTUFFS (11/11) 1967=100 251.58 251.47 10.8

CRB RAW INDUSTRIALS (11/11) 1967=100 328.74 331.86 0.1

Sources: London Wednesday final setting, Chicago market, Metals Week, Memphis

market, NYMEX, Commodity Research Bureau

FOREIGN EXCHANGE

LATEST WEEK YEAR

WEEK AGO AGO

JAPANESE YEN (11/12) 126.06 123.22 111.45

GERMAN MARK (11/12) 1.73 1.72 1.50

BRITISH POUND (11/12) 1.70 1.68 1.66

FRENCH FRANC (11/12) 5.78 5.77 5.09

ITALIAN LIRA (11/12) 1688.5 1686.5 1514.0

CANADIAN DOLLAR (11/12) 1.41 1.40 1.33

MEXICAN PESO (11/12)3 8.340 8.200 7.915

TRADE-WEIGHTED DOLLAR INDEX (11/12) 106.5 105.6 97.0

Sources: Major New York banks. Currencies expressed in units per U.S. dollar,

except for British pound in dollars. Trade-weighted dollar via J.P. Morgan.

INTEREST RATES

LATEST WEEK YEAR

WEEK AGO AGO

FEDERAL FUNDS (11/10) 5.50 % 5.54 % 5.30 %

COMMERCIAL PAPER (11/10) 3-month 5.60 5.57 5.40

CERTIFICATES OF DEPOSIT (11/12) 3-month 5.77 5.69 5.37

FIXED MORTGAGE (11/7) 30-year 7.38 7.36 7.90

ADJUSTABLE MORTGAGE (11/7) one-year 5.65 5.63 5.79

PRIME (11/7) 8.50 8.50 8.25

Sources: Federal Reserve, HSH Associates, Bloomberg Financial Markets

#Raw data in the production indicators are seasonally adjusted in computing the

BW index (chart); other components (estimated and not listed) include machinery

and defense equipment. 1=Western Wood Products Assn. 2=Southern Forest

Products Assn.

3=Free market value NA=Not available r=revised NM=Not meaningful

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