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Business Week Index


Business Week Index

BusinessWeek Index

PRODUCTION INDEXThe production index was unchanged for the week ended Oct. 26. Beforecalculation of the four-week moving average, the index dropped to 132, from133.3. In the latest week, seasonally adjusted production of autos and trucksdropped sharply as the strike in Canada caused plant closings in the U.S. Steeland crude-oil refining production increased for the week.The leading index will be unavailable for an indefinite period of time.PRODUCTION INDICATORS

LATEST WEEK YEARLY

WEEK AGO % CHG

STEEL (11/2) thous. of net tons 1,946 1,939# 4.0

AUTOS (11/2) units 114,283 108,354r# -14.3

TRUCKS (11/2) units 119,031 119,618r# -3.4

ELECTRIC POWER (11/2)

millions of kilowatt-hrs. 60,053 58,587# 4.1

CRUDE-OIL REFINING (11/2) thous. of bbl./day 14,316 14,279# 5.3

COAL (10/26) thous. of net tons 20,944# 21,207 6.2

LUMBER (10/26) millions of ft. 488.3# 497.6 7.6

RAIL FREIGHT (10/26) billions of ton-miles 26.6# 26.9 4.7

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 (11/1) S&P 500 703.77 700.92 20.1

CORPORATE BOND YIELD, Aaa (11/1) 7.48% 7.58% 3.7

INDUSTRIAL MATERIALS PRICES (11/1) 105.4 106.4 -4.9

BUSINESS FAILURES (10/25) NA NA NA

REAL ESTATE LOANS (10/23) billions NA NA NA

MONEY SUPPLY, M2 (10/21) billions $3,779.8 $3,769.0 4.1

INITIAL CLAIMS, UNEMPLOYMENT (10/26) t hous. 342 319 -5.3

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 (11/6) $/troy oz. 378.000 379.700 -1.5

STEEL SCRAP (11/5) #1 heavy, $/ton 126.50 126.50 -5.9

COPPER (11/1) cents/lb. 98.4 101.1 -27.1

ALUMINUM (11/1) cents/lb. 67.8 65.5 -12.9

COTTON (11/2) strict low middling

1-1/16 in., cents/lb. 70.54 70.51 -16.3

OIL (11/5) $/bbl. 22.66 24.40r 28.8

CRB FOODSTUFFS INDEX (11/5)

1967=100 233.09 243.11 -5.4

CRB RAW INDUSTRIALS INDEX

(11/5) 1967=100 328.24 328.28 -3.2

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 (11/6) 113.99 113.89 100.45

GERMAN MARK (11/6) 1.52 1.51 1.41

BRITISH POUND (11/6) 1.64 1.63 1.58

FRENCH FRANC (11/6) 5.13 5.10 4.87

ITALIAN LIRA (11/6) 1524.2 1513.8 1593.5

CANADIAN DOLLAR (11/6) 1.33 1.34 1.35

MEXICAN PESO (11/6)*** 7.905 7.995 7.550

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 (11/5) 5.34% 5.22% 5.71%

COMMERCIAL PAPER (11/6) 3-month 5.41 5.41 5.75

CERTIFICATES OF DEPOSIT (11/6)

3-month 5.38 5.38 5.74

FIXED MORTGAGE (11/1) 30-year 7.96 8.09 7.69

ADJUSTABLE MORTGAGE (11/1)

one-year 5.80 5.88 5.78

PRIME (11/5) 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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