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Business Week Index


Business Week Index

BusinessWeek Index

PRODUCTION AND LEADING INDEXES

The production index was flat for the week ended Mar. 11. Increased seasonally

adjusted output of autos and trucks offset declines in coal and electric power.

Before calculation of the four-week moving average, the index fell to 122.9,

from 123.5.

The leading index fell slightly in the latest week. Large-business

failuresrose, and the growthrate of M2 slowed. The unaveraged index dropped to

253.6, from 254.6.

BW production index copyright 1994 Bloomberg L.P. BW leading index

copyright 1994 by CIBCR

PRODUCTION INDICATORS

LATEST WEEK YEARLY

WEEK AGO % CHG

STEEL (3/18) thous. of net tons 2,082 2,015# 12.0

AUTOS (3/18) units 144,686 149,291r# 7.6

TRUCKS (3/18) units 123,194 122,513r# 7.9

ELECTRIC POWER (3/18) millions of kilowatt-hrs. 54,412 58,329# -2.5

CRUDE-OILrEFINING (3/18) thous. of bbl./day 13,400 13,686# 4.5

COAL (3/11) thous. of net tons 20,320# 21,198 -2.9

PAPERBOARD (3/11) thous. of tons 887.8# 939.1r 2.8

PAPER (3/11) thous. of tons 846.0# 864.0r 3.3

LUMBER (3/11) millions of ft. 452.8# 449.4 -9.3

RAIL FREIGHT (3/11) billions of ton-miles 23.2 # 24.2 1.8

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

Electric Institute, American Petroleum Institute, Energy Dept., American Forest

& Paper Association, WWPA1, SFPA2, Association of Americanrailroads

LEADING INDICATORS

LATEST WEEK YEARLY

WEEK AGO % CHG

STOCK PRICES (3/17) S&P 500 493.15 484.73 5.1

CORPORATE BOND YIELD, Aaa (3/17) 8.04% 8.22% 7.8

INDUSTRIAL MATERIALS PRICES (3/17) 114.0 113.5 NA*

BUSINESS FAILURES (3/10) 318 312 -3.3

REAL ESTATE LOANS (3/8) billions $468.1 $468.3 11.4

MONEY SUPPLY, M2 (3/6) billions $3,583.1 $3,585.6r 1.2

INITIAL CLAIMS, UNEMPLOYMENT (3/4) thous. 338 332 -3.4

Sources: Center for International Business Cycleresearch (CIBCR), Standard &

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

(failures of large companies), Federalreserve, Labor Dept. CIBCR seasonally

adjusts data on business failures andreal estate loans. *Historical data

available from CIBCR.

PRICES

LATEST WEEK YEARLY

WEEK AGO % CHG

GOLD (3/22) $/troy oz. 382.250 386.150 -1.2

STEEL SCRAP (3/21)#1 heavy, $/ton 137.50 137.50 -1.4

COPPER (3/18) cents/lb. 143.7 140.8 49.7

ALUMINUM (3/18) cents/lb. 88.5 90.0 42.7

COTTON (3/18) strict low middling 1-1/16 in., cents/lb. 108.62 107.58 50.3

OIL (3/21) $/bbl. 18.43 17.85 23.7

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

market, NYMEX

FOREIGN EXCHANGE

LATEST WEEK YEAR

WEEK AGO AGO

JAPANESE YEN (3/22) 88.84 89.57 104.70

GERMAN MARK (3/22) 1.40 1.39 1.66

BRITISH POUND (3/22) 1.59 1.60 1.50

FRENCH FRANC (3/22) 4.98 4.94 5.70

ITALIAN LIRA (3/22) 1714.5 1680.3 1656.8

CANADIAN DOLLAR (3/22) 1.40 1.42 1.37

MEXICAN PESO (3/22)3 7.210 6.725 3.153

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

except for British pound in dollars

INTEREST RATES

LATEST WEEK YEAR

WEEK AGO AGO

FEDERAL FUNDS (3/21) 5.97% 5.93% 3.31%

COMMERCIAL PAPER (3/22) 3-month 6.14 6.14 3.88

CERTIFICATES OF DEPOSIT (3/22) 3-month 6.12 6.15 3.81

FIXED MORTGAGE (3/17) 30-year 8.62 8.86 7.85

ADJUSTABLE MORTGAGE (3/17) one-year 6.55 6.53 4.67

PRIME (3/22) 9.00 9.00 6.00

Sources: Federalreserve, HSH Associates,reuters Holdings PLC

#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 availabler=revised NM=Not

meaningful


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