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Business Week Index
Change from last week: -0.4%
Change from last year: 2.5%
The production index fell in the week ended July 16. After seasonal adjustment,
production of both autos and trucks declined sharply for the second consecutive
week. Output of electric power also dipped, as did production of steel, coal,
and lumber. Output of both paper and paperboard rose, along with crude-oil
refining. Rail freight traffic was unchanged. Before calculation of the
four-week average, the index declined to 194 from 196 in the previous week.
BW production index copyright 1994 Bloomberg L.P.
Change from last week: 0.3%
Change from last year: 7.3%
The leading index gained ground in the week ended July 16. Materials prices
continued to grow at a faster rate, and the pace of real estate loans picked up
as well. Also on the plus side, stock prices rallied for the third week in a
row. The only negative indicator was slower growth in the M2 money supply. Bond
yields held steady, and data on business failures were unavailable. Before
calculation of the four-week average, the index rose to 241 from 239.4.
Leading index copyright 1994 by Center for International Business Cycle Research