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Business Week Index

BusinessWeek Index

PRODUCTION INDEXThe production index increased during the week ended June 1. Before calculationof the four-week moving average, the index rose to 131.4, from 130.4, as thegains in the seasonally adjusted output of trucks, autos, and coal andrail-freight traffic offset a steep decline in electricity production. For theentire month of May, the index increased to 130, from 127.3 in April.The leading index will be unavailable for an indefinite period of time.BW production index copyright 1996 Bloomberg L.P.PRODUCTION INDICATORS

LATEST WEEK YEARLY

WEEK AGO % CHG

STEEL (6/8) thous. of net tons 2,056 2,023# 6.9

AUTOS (6/8) units 138,836 103,993# -0.3

TRUCKS (6/8) units 126,049 86,652# 8.3

ELECTRIC POWER (6/8) millions of kilowatt-hrs. 62,646 58,952# -2.3

CRUDE-OIL REFINING (6/8) thous. of bbl./day 14,405 14,468# -1.5

COAL (6/1) thous. of net tons 18,711# 18,919 5.1

PAPERBOARD (6/1) thous. of tons 884.6# 898.3 -5.8

PAPER (6/1) thous. of tons 806.0# 784.0r -6.2

LUMBER (6/1) millions of ft. 395.5# 455.6 14.6

RAIL FREIGHT (6/1) billions of ton-miles 23.1# 25.0 4.1

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 (6/7) S&P 500 673.31 669.12 26.3

CORPORATE BOND YIELD, Aaa (6/7) 7.81% 7.75% 5.5

INDUSTRIAL MATERIALS PRICES (6/7) 107.7 108.7 -5.1

BUSINESS FAILURES (5/31) NA NA NA

REAL ESTATE LOANS (5/29) billions $504.4 $503.7r 4.8

MONEY SUPPLY, M2 (5/27) billions NA NA NA

INITIAL CLAIMS, UNEMPLOYMENT (5/25) thous. 345 345 -8.7

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

& Bradstreet (failures of large companies), Federal Reserve, Labor Dept.

PRICES

LATEST WEEK YEARLY

WEEK AGO % CHG

GOLD (6/12) $/troy oz. 384.800 387.650 -0.5

STEEL SCRAP (6/11)#1 heavy, $/ton 138.50 141.50 -1.4

COPPER (6/8) cents/lb. 114.5 122.5 -16.6

ALUMINUM (6/8) cents/lb. 71.8 73.8 -15.5

COTTON (6/8) strict low middling 81.68 81.25 -24.2

1-1/16 in., cents/lb.

OIL (6/11) $/bbl. 20.02 20.35 6.0

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

market, NYMEX

INTEREST RATES

LATEST WEEK YEAR

WEEK AGO AGO

FEDERAL FUNDS (6/11) 5.24% 5.23% 6.02%

COMMERCIAL PAPER (6/12) 3-month 5.49 5.42 5.96

CERTIFICATES OF DEPOSIT (6/12) 3-month 5.47 5.40 5.93

FIXED MORTGAGE (6/7) 30-year 8.45 8.31 7.75

ADJUSTABLE MORTGAGE (6/7) one-year 6.01 5.96 5.81

PRIME (6/12) 8.25 8.25 9.00

Sources: Federal Reserve, HSH Associates, Bloomberg Financial Markets

FOREIGN EXCHANGE

LATEST WEEK YEAR

WEEK AGO AGO

JAPANESE YEN (6/12) 109.46 108.77 84.55

GERMAN MARK (6/12) 1.54 1.53 1.41

BRITISH POUND (6/12) 1.53 1.55 1.60

FRENCH FRANC (6/12) 5.21 5.18 4.93

ITALIAN LIRA (6/12) 1550.3 1544.6 1648.8

CANADIAN DOLLAR (6/12) 1.37 1.37 1.38

MEXICAN PESO (6/12)3 7.564 7.448 6.180

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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