Businessweek Archives

Business Week Index


Business Week Index

BusinessWeek Index

The production index continued to decline in the week ended Nov. 9. However,before calculation of the four-week moving average, the index increased to131.6, from 130.7. In the latest week, seasonally adjusted output of autos andtrucks jumped back sharply, and steel output was also up. Electric power,crude-oil refining, and lumber production were weak.The leading index will be unavailable for an indefinite period of time.PRODUCTION INDICATORS

LATEST WEEK YEARLY

WEEK AGO % CHG

STEEL (11/16) thous. of net tons 1,904 1,959 # 1.3

AUTOS (11/16) units 131,120 126,859 r# 5.7

TRUCKS (11/16) units 115,886 112,897 r# -3.6

ELECTRIC POWER (11/16) millions of

kilowatt-hrs. 62,113 60,442 # 2.6

CRUDE-OIL REFINING (11/16) thous.

of bbl./day 14,162 13,744 # 3.2

COAL (11/9) thous. of net tons 21,195 # 21,204 5.0

LUMBER (11/9) millions of ft. 485.8 # 487.7 8.9

RAIL FREIGHT (11/9) billions of ton-miles 26.4 # 26.8 2.3

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

Electric Institute, American Petroleum Institute, Energy Dept., WWPA1, SFPA2,

Association of American Railroads

LEADING INDICATORS

LATEST WEEK YEARLY

WEEK AGO %CHG

STOCK PRICES (11/15) S&P 500 737.62 730.82 24.1

CORPORATE BOND YIELD, Aaa (11/15) 7.28 % 7.38 % 1.4

INDUSTRIAL MATERIALS PRICES (11/15) 105.8 105.3 -5.5

BUSINESS FAILURES (11/8) NA NA NA

REAL ESTATE LOANS (11/6) billions NA NA NA

MONEY SUPPLY, M2 (11/4) billions $3,791.3 3,781.6 r 4.2

INITIAL CLAIMS, UNEMPLOYMENT (11/9)

thous. 328 332 r -13.9

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 (11/20) $/troy oz. 379.100 381.900 -1.7

STEEL SCRAP (11/19) #1 heavy, $/ton 116.50 116.50 -13.4

COPPER (11/15) cents/lb. 102.6 98.0 -26.6

ALUMINUM (11/15) cents/lb. 68.8 68.5 -10.6

COTTON (11/16) strict low middling 1-1/16

in., cents/lb. 68.98 69.72 -18.4

OIL (11/19) $/bbl. 24.64 23.75 36.2

CRB FOODSTUFFS (11/19) 1967=100 226.49 227.10 -6.8

CRB RAW INDUSTRIALS (11/19) 1967=100 330.95 328.42 -2.6

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 (11/20) 111.23 111.45 101.15

GERMAN MARK (11/20) 1.50 1.50 1.41

BRITISH POUND (11/20) 1.68 1.66 1.56

FRENCH FRANC (11/20) 5.07 5.09 4.86

ITALIAN LIRA (11/20) 1498.2 1514.0 1590.5

CANADIAN DOLLAR (11/20) 1.34 1.33 1.35

MEXICAN PESO (11/20)*** 7.887 7.915 7.630

TRADE-WEIGHTED DOLLAR INDEX (11/20) 96.8 97.0 93.9

Sources: Major New York banks. Currencies expressed in units per U.S. dollar,

except for British pound in dollars. Trade-weighted dollar via J.P. Morgan.

INTEREST RATES

LATEST WEEK YEAR

WEEK AGO AGO

FEDERAL FUNDS (11/19) 5.29 % 5.30 % 5.81 %

COMMERCIAL PAPER (11/20) 3-month 5.41 5.40 5.72

CERTIFICATES OF DEPOSIT (11/20) 3-month 5.38 5.37 5.73

FIXED MORTGAGE (11/15) 30-year 7.79 7.90 7.64

ADJUSTABLE MORTGAGE (11/15) one-year 5.72 5.79 5.68

PRIME (11/19) 8.25 8.25 8.75

Sources: Federal Reserve, HSH Associates, Bloomberg Financial Markets

BW production index copyright 1996 Bloomberg L.P.

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

meaningful

Return to top


Tim Cook's Reboot
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus