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Business Week Index


Business Week Index

BusinessWeek Index

The production index increased during the week ended Mar. 2, but the indexbefore calculation of the four-week moving average dropped slightly, to 127.1,from a revised 127.2. A drop in seasonally adjusted output of autos led thedecline.The leading index fell in the latest week. The unaveraged index dropped to256.9, from 257.8. A drop in stock prices and higher bond yields contributed tothe slower reading of future economic growth.BW production index copyright 1996 Bloomberg L.P.BW leading index copyright 1996 by CIBCRPRODUCTION INDICATORS

LATEST WEEK YEARLY

WEEK AGO % CHG

STEEL (3/9) thous. of net tons 2,101 2,085# 4.4

AUTOS (3/9) units 114,593 123,394r# -23.2

TRUCKS (3/9) units 129,517 126,824r# 5.7

ELECTRIC POWER (3/9) millions of

kilowatt-hrs. 62,056 60,553# 6.4

CRUDE-OIL REFINING (3/9)

thous. of bbl./day 13,647 13,794# -0.3

COAL (3/2) thous. of net tons 21,615# 21,246 5.0

PAPERBOARD (3/2) thous. of tons NA# NA NA

PAPER (3/2) thous. of tons NA# NA NA

LUMBER (3/2) millions of ft. 440.1# 450.2 -2.1

RAIL FREIGHT (3/2) billions

of ton-miles 25.9# 25.2 2.4

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 (3/8) S&P 500 649.15 645.45 33.9

CORPORATE BOND YIELD, Aaa (3/8) 7.21% 7.20% -12.3

INDUSTRIAL MATERIALS PRICES (3/8) 108.8 110.6 -4.2

BUSINESS FAILURES (3/1) 326 191 12.8

REAL ESTATE LOANS (2/28) billions $505.2 $504.4 7.9

MONEY SUPPLY, M2 (2/26) billions $3,673.0 $3,665.1r 2.4

INITIAL CLAIMS, UNEMPLOYMENT

(2/24) thous. 357 382 7.5

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.

PRICES

LATEST WEEK YEARLY

WEEK AGO % CHG

GOLD (3/13) $/troy oz. 396.500 393.600 3.3

STEEL SCRAP (3/12)

#1 heavy, $/ton 139.00 144.50 1.1

COPPER (3/9) cents/lb. 122.2 120.0 -13.2

ALUMINUM (3/9) cents/lb. 75.3 74.3 -16.4

COTTON (3/9) strict low middling

1-1/16 in., cents/lb. 79.85 80.28 -25.8

OIL (3/12) $/bbl. 20.46 19.54 14.6

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

market, NYMEX

INTEREST RATES

LATEST WEEK YEAR

WEEK AGO AGO

FEDERAL FUNDS (3/12) 5.25% 5.13% 5.94%

COMMERCIAL PAPER (3/13) 3-month 5.34 5.19 6.15

CERTIFICATES OF DEPOSIT

(3/13) 3-month 5.30 5.17 6.14

FIXED MORTGAGE (3/8) 30-year 7.63 7.69 8.86

ADJUSTABLE MORTGAGE (3/8) one-year 5.48 5.50 6.53

PRIME (3/13) 8.25 8.25 9.00

Sources: Federal Reserve, HSH Associates, Reuters Holdings PLC

FOREIGN EXCHANGE

LATEST WEEK YEAR

WEEK AGO AGO

JAPANESE YEN (3/13) 105.34 105.32 89.29

GERMAN MARK (3/13) 1.47 1.48 1.39

BRITISH POUND (3/13) 1.52 1.53 1.59

FRENCH FRANC (3/13) 5.04 5.05 4.96

ITALIAN LIRA (3/13) 1564.8 1557.1 1701.5

CANADIAN DOLLAR (3/13) 1.37 1.37 1.42

MEXICAN PESO (3/13)3 7.590 7.593 7.120

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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