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Business Week Index


Business Week Index

BusinessWeek Index

PRODUCTION AND LEADING INDEXES

The production index was little changed in the week ended May 27. Before

calculation of the four-week moving average, the index rose to 121.5, from

120.3. Rebounds in the seasonally adjusted output of autos, trucks, and rail

freight helped to lift the index.

The leading index also was hardly higher in the latest week. The unaveraged

index rose to 254.6, from 254.3. Rising stock prices and faster growth in M2

are signaling better growth ahead.

BW production index copyright 1994 Bloomberg L.P.

BW leading index copyright 1994 by CIBCR

PRODUCTION INDICATORS

LATEST WEEK YEARLY

WEEK AGO % CHG

STEEL (6/3) thous. of net tons 1,925 1,909# 3.6

AUTOS (6/3) units 97,574 131,170r# -15.0

TRUCKS (6/3) units 81,196 114,689r# -16.5

ELECTRIC POWER (6/3)

millions of kilowatt-hrs. 58,336 58,283# 1.8

CRUDE-OIL REFINING (6/3)

thous. of bbl./day 14,536 14,532# 2.3

COAL (5/27) thous. of net tons 19,157# 19,038 -4.0

PAPERBOARD (5/27) thous. of tons 947.5# 937.8r 8.7

PAPER (5/27) thous. of tons 836.0# 830.0r 2.5

LUMBER (5/27) millions of ft. 415.0# 431.2 -14.4

RAIL FREIGHT (5/27)

billions of ton-miles 23.6# 23.7 0.9

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

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

& Paper Association, WWPA1, SFPA2, Association of American Railroads

LEADING INDICATORS

LATEST WEEK YEARLY

WEEK AGO % CHG

STOCK PRICES (6/2) S&P 500 530.75 526.62 15.9

CORPORATE BOND YIELD, Aaa (6/2) 7.33% 7.51% -7.9

INDUSTRIAL MATERIALS PRICES (6/2) 114.1 113.9 NA*

BUSINESS FAILURES (5/26) NA NA NA

REAL ESTATE LOANS (5/24) billions $477.7 $477.3 11.7

MONEY SUPPLY, M2 (5/22) billions $3,624.6 $3,617.1r 1.3

INITIAL CLAIMS, UNEMPLOYMENT

(5/20) thous. 380 367 3.8

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

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

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

adjusts data on business failures and real estate loans. *Historical data

available from CIBCR.

PRICES

LATEST WEEK YEARLY

WEEK AGO % CHG

GOLD (6/7) $/troy oz. 385.900 384.300 1.2

STEEL SCRAP (6/6) #1 heavy, $/ton 141.50 142.50 26.9

COPPER (6/3) cents/lb. 136.8 135.5 28.5

ALUMINUM (6/3) cents/lb. 87.0 87.0 35.9

COTTON (6/3) strict low

middling 1-1/16 in., cents/lb. 108.86 108.57 36.9

OIL (6/6) $/bbl. 19.14 18.78 4.3

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

market, NYMEX

INTEREST RATES

LATEST WEEK YEAR

WEEK AGO AGO

FEDERAL FUNDS (6/6) 5.96% 6.07% 4.13%

COMMERCIAL PAPER (6/6) 3-month 5.87 6.02 4.52

CERTIFICATES OF DEPOSIT (6/7) 3-month 5.86 5.96 4.43

FIXED MORTGAGE (6/2) 30-year 7.89 8.04 8.69

ADJUSTABLE MORTGAGE (6/2) one-year 5.95 6.03 5.54

PRIME (6/7) 9.00 9.00 7.25

Sources: Federal Reserve, HSH Associates, Reuters Holdings PLC

FOREIGN EXCHANGE

LATEST WEEK YEAR

WEEK AGO AGO

JAPANESE YEN (6/7) 84.40 84.43 104.05

GERMAN MARK (6/7) 1.41 1.41 1.67

BRITISH POUND (6/7) 1.59 1.59 1.51

FRENCH FRANC (6/7) 4.95 4.96 5.68

ITALIAN LIRA (6/7) 1638.5 1639.5 1613.5

CANADIAN DOLLAR (6/7) 1.38 1.37 1.37

MEXICAN PESO (6/7)3 6.085 6.153 3.348

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

except for British pound in dollars

#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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