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Business Week Index

BusinessWeek Index

PRODUCTION INDEXThe production index slipped during the week ended Sept. 28. Beforecalcu-lation of the four-week moving average, the index dropped to 132.2, from133.4. In the latest week, declines in the seasonally adjusted output of autos,trucks, and coal offset a rise in electric power and crude-oil refining output.For the month of September, the index also fell, to 133.5 from 134.2 for August.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 (10/5) thous. of net tons 1,985 1,972# 1.9

AUTOS (10/5) units 125,322 129,922r# -4.1

TRUCKS (10/5) units 131,769 128,773r# 8.3

ELECTRIC POWER (10/5)

millions of kilowatt-hrs. 59,531 61,355# -0.2

CRUDE-OIL REFINING (10/5) thous. of bbl./day 14,442 14,534# 3.1

COAL (9/28) thous. of net tons 21,663# 22,453 1.2

LUMBER (9/28) millions of ft. 486.9# 495.6 1.2

RAIL FREIGHT (9/28) billions of ton-miles 26.2# 26.5 -3.3

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 (10/4) S&P 500 701.46 686.19 20.5

CORPORATE BOND YIELD, Aaa (10/4) 7.64% 7.75% 4.1

INDUSTRIAL MATERIALS PRICES (10/4) 108.4 108.8 -2.9

BUSINESS FAILURES (9/27) NA NA NA

REAL ESTATE LOANS (9/25) billions $523.3 $525.2r 5.0

MONEY SUPPLY, M2 (9/23) billions NA NA NA

INITIAL CLAIMS, UNEMPLOYMENT (9/28) thous. 340 340 -2.9

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 (10/9) $/troy oz. 381.350 380.300 -0.7

STEEL SCRAP (10/8) #1 heavy, $/ton 133.50 136.50 -5.0

COPPER (10/4) cents/lb. 93.4 94.3 -30.2

ALUMINUM (10/4) cents/lb. 64.5 65.5 -20.9

COTTON (10/5) strict low middling

1-1/16 in., cents/lb. 74.77 75.07 -15.4

OIL (10/8) $/bbl. 25.56 24.37 47.9

CRB FOODSTUFFS INDEX (10/8)

1967=100 257.58 259.58 6.2

CRB RAW INDUSTRIALS INDEX

(10/8) 1967=100 339.73 338.60 2.2

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 (10/9) 111.47 111.85 100.15

GERMAN MARK (10/9) 1.53 1.53 1.42

BRITISH POUND (10/9) 1.56 1.57 1.58

FRENCH FRANC (10/9) 5.17 5.19 4.95

ITALIAN LIRA (10/9) 1521.6 1522.0 1598.8

CANADIAN DOLLAR (10/9) 1.35 1.36 1.38

MEXICAN PESO (10/9)*** 7.565 7.511 6.720

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 (10/8) 5.11% 5.53% 5.72%

COMMERCIAL PAPER (10/8) 3-month 5.43 5.48 5.82

CERTIFICATES OF DEPOSIT (10/9)

3-month 5.40 5.50 5.79

FIXED MORTGAGE (10/4) 30-year 8.20 8.32 7.78

ADJUSTABLE MORTGAGE (10/4)

one-year 5.94 6.04 5.82

PRIME (10/8) 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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