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Business Week Index


Business Week Index

BusinessWeek Index

The production index slipped slightly in the week ended Apr. 12. Beforecalculation of the four-week moving average, the index increased to 122.4, from121.9. In the latest week, flooding and bad weather in the upper Midwest causedrail-freight traffic to drop more than 3% from the same period of a year ago.However, seasonally adjusted truck production was up strongly, and electricpower output also increased for the week.BW production index copyright 1997 Bloomberg L.P.PRODUCTION INDICATORS

LATEST WEEK YEARLY

WEEK AGO% CHG

STEEL (4/19) thous. of net tons 2,069 2,067# 3.4

AUTOS (4/19) units 133,770 114,645 r# -3.2

TRUCKS (4/19) units 119,513 134,635 r# -7.0

ELECTRIC POWER (4/19) millions of

kilowatt-hrs. 56,998 56,543# 2.7

CRUDE-OIL REFINING (4/19) thous. of

bbl./day 14,275 14,207# 2.2

COAL (4/12) thous. of net tons 18,561# 17,978 -7.5

LUMBER (4/12) millions of ft. 485.4# 487.5 10.1

RAIL FREIGHT (4/12) billions of ton-miles 25.3# 25.5 -3.4

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 (4/18) S&P 500 766.34 737.65 18.8

CORPORATE BOND YIELD, Aaa (4/18) 7.73% 7.74% 3.1

INDUSTRIAL MATERIALS PRICES (4/18) 104.7 105.0 -5.2

BUSINESS FAILURES (4/11) NA NA NA

REAL ESTATE LOANS (4/9) billions NA NA NA

MONEY SUPPLY, M2 (4/7) billions $3,897.2 $3,893.2 r 4.7

INITIAL CLAIMS, UNEMPLOYMENT (4/12)

thous. 332 24 -8.0

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 (4/23) $/troy oz. 341.000 339.900 -12.7

STEEL SCRAP (4/22) #1 heavy, $/ton 137.00 133.50 -1.8

COPPER (4/18) cents/lb. 110.2 111.5 -11.0

ALUMINUM (4/18) cents/lb. 74.5 76.0 -0.4

COTTON (4/19) strict low middling 1-1/16

in., cents/lb. 68.64 69.03 -18.5

OIL (4/22) $/bbl. 19.22 19.53 -21.2

CRB FOODSTUFFS (4/22) 1967=100 239.86 242.98 -4.7

CRB RAW INDUSTRIALS (4/22) 1967=100 332.90 332.90 -0.7

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 (4/23) 126.19 125.70 106.73

GERMAN MARK (4/23) 1.71 1.73 1.53

BRITISH POUND (4/23) 1.62 1.62 1.51

FRENCH FRANC (4/23) 5.78 5.81 5.17

ITALIAN LIRA (4/23) 1702.5 1701.8 1563.4

CANADIAN DOLLAR (4/23) 1.39 1.40 1.36

MEXICAN PESO (4/23)3 7.873 7.893 7.525

TRADE-WEIGHTED DOLLAR INDEX (4/23) 106.4 106.6 97.34

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 (4/22) 5.50% 5.61% 5.38%

COMMERCIAL PAPER (4/23) 3-month 5.70 5.71 5.38

CERTIFICATES OF DEPOSIT (4/23) 3-month 5.71 5.73 5.34

FIXED MORTGAGE (4/18) 30-year 8.29 8.27 8.21

ADJUSTABLE MORTGAGE (4/18) one-year 6.16 6.06 5.93

PRIME (4/18) 8.50 8.50 8.25

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. 3=Free market value NA=Not available r=revised NM=Not

meaningful

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