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Business Week Index


Business Week Index

BusinessWeek Index

The production index was virtually unchanged in the week ended Jan. 18. Butbefore calculation of the four-week moving average, the index declined to135.5, from 136.9 in the previous week. On a seasonally adjusted basis, outputlevels of autos, trucks, and coal as well as rail-freight traffic all dropped.But electric power was up sharply in the latest week, probably reflectinghigher energy demands during the cold weather in parts of the nation.BW production index copyright 1997 Bloomberg L.P.PRODUCTION INDICATORS

LATEST WEEK YEARLY

WEEK AGO% CHG

STEEL (1/25) thous. of net tons 1,999 1,954 # -1.9

AUTOS (1/25) units 104,445 110,046 r# -11.7

TRUCKS (1/25) units 109,163 123,543 r# -9.3

ELECTRIC POWER (1/25) millions of

kilowatt-hrs. 66,257 71,867 # 2.1

CRUDE-OIL REFINING (1/25) thous. of

bbl./day 13,543 13,633 # -1.1

COAL (1/18) thous. of net tons 18,514 # 20,253 -4.2

LUMBER (1/18) millions of ft. 465.9 # 477.9 3.6

RAIL FREIGHT (1/18) billions of

ton-miles 24.3 # 25.6 -1.6

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 (1/24) S&P 500 770.52 776.17 24.9

CORPORATE BOND YIELD, Aaa (1/24) 7.41% 7.39% 9.6

INDUSTRIAL MATERIALS PRICES (1/24) 108.4 108.9 -1.2

BUSINESS FAILURES (1/17) NA NA NA

REAL ESTATE LOANS (1/15) billions NA NA NA

MONEY SUPPLY, M2 (1/13) billions $3,841.1 $3,841.6 r 4.0

INITIAL CLAIMS, UNEMPLOYMENT (1/18)

thous. 355 321 r -12.8

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 (1/29) $/troy oz. 351.100 351.200 -13.4

STEEL SCRAP (1/24) #1 heavy, $/ton 133.00 133.00 -8.0

COPPER (1/24) cents/lb. 114.1 112.1 -5.9

ALUMINUM (1/24) cents/lb. 78.0 77.0 6.8

COTTON (1/25) strict low middling

1-1/16 in., cents/lb. 70.28 70.26 -11.6

OIL (1/28) $/bbl. 23.68 24.37 34.5

CRB FOODSTUFFS (1/28) 1967=100 237.47 234.18 1.6

CRB RAW INDUSTRIALS (1/28) 1967=100 340.80 340.34 3.7

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 (1/29) 122.08 118.85 106.62

GERMAN MARK (1/29) 1.64 1.64 1.49

BRITISH POUND (1/29) 1.62 1.65 1.52

FRENCH FRANC (1/29) 5.54 5.52 5.11

ITALIAN LIRA (1/29) 1616.4 1594.5 1580.1

CANADIAN DOLLAR (1/29) 1.34 1.34 1.37

MEXICAN PESO (1/29)*** 7.819 7.792 7.410

TRADE-WEIGHTED DOLLAR INDEX (1/29) 102.9 101.5 97.6

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 (1/28) 5.27% 5.33% 5.53%

COMMERCIAL PAPER (1/29) 3-month 5.45 5.44 5.26

CERTIFICATES OF DEPOSIT (1/29) 3-month 5.42 5.41 5.53

FIXED MORTGAGE (1/24) 30-year 8.01 8.04 7.30

ADJUSTABLE MORTGAGE (1/24) one-year 5.77 5.85 5.45

PRIME (1/28) 8.25 8.25 8.50

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. 1=Western Wood Products Assn. 2=Southern Forest

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

meaningful

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