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Business Week Index


Business Week Index

BusinessWeek Index

PRODUCTION

Change from last week: 0.3%

Change from last year: 3.9%

The production index rose during the week ended June 25. Seasonally adjusted

output of autos, trucks, crude-oil refining, coal, paperboard, and rail-freight

traffic all increased. Electric power output fell back after the end of a heat

wave in the East and lumber and paper production dropped as well. Steel output

was unchanged from the previous week. Before calculation of the four-week

moving average, the index fell to 197.6, from 197.8.

BW production index copyright 1994 Bloomberg L.P.

LEADING

Change from last week: 0%

Change from last year: 7.6%

The leading index was unchanged during the week ended June 25. Sharply lower

stock prices and higher bond yields combined with slower growth rates in

materials prices, real estate loans, and M2 money supply to signal slower U.S.

economic growth in coming months. Data on large-business failures were

unavailable. Before calculation of the four-week moving average, the index

dropped to 236.7, from a revised 238.2 in the previous week.

Leading index copyright 1994 by Center for International Business Cycle Research


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