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Business Week Index


Business Week Index

BusinessWeek Index

PRODUCTION INDEXThe production index increased slightly during the week ended Sept. 21. Beforecalculation of the four-week moving average, the index declined sharply to133.4, from 134.7. Seasonally adjusted output levels of autos, trucks, steel,lumber, and electric power all dropped off in the latest week. Rail-freighttraffic as well as coal and crude-oil refining production edged higher.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 (9/28) thous. of net tons 1,972 1,942# 1.8

AUTOS (9/28) units 125,847 129,596r# -11.3

TRUCKS (9/28) units 130,394 120,735r# 2.1

ELECTRIC POWER (9/28) millions of kilowatt-hrs.61,355 62,096# 4.0

CRUDE-OIL REFINING (9/28) thous. of bbl./day 14,534 14,518# 1.8

COAL (9/21) thous. of net tons 22,453# 21,444 8.2

LUMBER (9/21) millions of ft. 495.6# 502.6 3.7

RAIL FREIGHT (9/21) billions of ton-miles 26.5# 26.0 -0.4

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

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

& Paper Association, WWPA*, SFPA**, Association of American Railroads

LEADING INDICATORS

LATEST WEEK YEARLY

WEEK AGO % CHG

STOCK PRICES (9/27) S&P 500 686.19 687.02 17.7

CORPORATE BOND YIELD, Aaa (9/27) 7.75% 7.80% 3.7

INDUSTRIAL MATERIALS PRICES (9/27) 108.8 109.2 -3.0

BUSINESS FAILURES (9/20) NA NA NA

REAL ESTATE LOANS (9/18) billions $525.8 $526.7 5.7

MONEY SUPPLY, M2 (9/16) billions NA NA NA

INITIAL CLAIMS, UNEMPLOYMENT (9/21) thous. 340 329 -0.6

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 (10/2) $/troy oz. 380.300 382.400 -0.7

STEEL SCRAP (10/1) #1 heavy, $/ton 136.50 136.00 -4.9

COPPER (9/27) cents/lb. 94.3 92.8 -30.5

ALUMINUM (9/27) cents/lb. 65.5 66.5 -20.1

COTTON (9/28) strict low middling

1-1/16 in., cents/lb. 75.07 75.04 -18.9

OIL (10/1) $/bbl. 24.37 24.67 40.6

CRB FOODSTUFFS INDEX (10/1)

1967=100 259.58 264.22 7.7

CRB RAW INDUSTRIALS INDEX (10/1)

1967=100 338.60 339.79 1.8

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

market, NYMEX, Commodity Research Bureau

FOREIGN EXCHANGE

LATEST WEEK YEAR

WEEK AGO AGO

JAPANESE YEN (10/2) 111.85 110.38 99.95

GERMAN MARK (10/2) 1.53 1.51 1.42

BRITISH POUND (10/2) 1.57 1.56 1.58

FRENCH FRANC (10/2) 5.19 5.11 4.95

ITALIAN LIRA (10/2) 1522.0 1514.0 1616.6

CANADIAN DOLLAR (10/2) 1.36 1.37 1.34

MEXICAN PESO (10/2)*** 7.511 7.525 6.535

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 (10/1) 5.53% 5.28% 6.00%

COMMERCIAL PAPER (10/2) 3-month 5.48 5.48 5.81

CERTIFICATES OF DEPOSIT (10/2)

3-month 5.50 5.44 5.79

FIXED MORTGAGE (9/27) 30-year 8.32 8.33 7.89

ADJUSTABLE MORTGAGE (9/27)

one-year 6.04 6.04 5.79

PRIME (10/1) 8.25 8.25 8.75

Sources: Federal Reserve, HSH Associates, Bloomberg Financial Markets

#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. *=Western Wood Products Assn. **=Southern Forest

Products Assn. ***=Free market value NA=Not available r=revised NM=Not

meaningful

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