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Business Week Index


Business Week Index

BusinessWeek Index

PRODUCTION

Change from last week: 0%

Change from last year: 2.7%

The production index was flat for the week ended July 9. Seasonally adjusted

output of autos, trucks, steel, electric power, crude-oil refining, lumber, and

rail-freight traffic all declined. Coal, paper, and paperboard production

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

sharply, to 196, from 198.6. Some of the decline reflected a later-than-usual

Independence Day and auto-plant closings for model changeovers.

BW production index copyright 1994 Bloomberg L.P.

LEADING

Change from last week: 0.2%

Change from last year: 7.3%

The leading index increased during the week ended July 9 as materials prices

continued to grow at a rapid pace. In addition, higher stock prices and faster

growth rates for M2 and real estate loans contributed to the gain. On the

negative side, bond yields were higher, while data on large-business failures

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

rose sharply to 240, from 238.2 in the previous week.

Leading index copyright 1994 by Center for International Business Cycle Research


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