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Business Week Index


Business Week Index

BusinessWeek Index

The production index was up slightly during the week ended Apr. 26. However,before calculation of the four-week moving average, the index dropped to 122.4,from 123.6. In the latest week, the seasonally adjusted output of autos andtrucks was down sharply because of the ongoing strike at Chrysler Corp.Rail-freight traffic and the production levels for crude-oil refining, steel,and electric power were also down for the week.BW production index copyright 1997 Bloomberg L.P.PRODUCTION INDICATORS

LATEST WEEK YEARLY

WEEK AGO% CHG

STEEL (5/3) thous. of net tons 2,112 2,057# 6.3

AUTOS (5/3) units 126,181 131,923r# -15.3

TRUCKS (5/3) units 114,431 107,464r# -10.0

ELECTRIC POWER (5/3) millions 56,016 56,464# -0.9

of kilowatt-hrs.

CRUDE-OIL REFINING (5/3) thous. 14,409 14,275# 1.2

of bbl./day

COAL (4/26) thous. of net tons 20,481# 20,363 -0.1

LUMBER (4/26) millions of ft. 515.3# 505.1 12.0

RAIL FREIGHT (4/26) billions of 26.4# 26.2 -1.5

ton-miles

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 (5/2) S&P 500 812.97 765.37 26.7

CORPORATE BOND YIELD, Aaa (5/2) 7.64% 7.75% 0.3

INDUSTRIAL MATERIALS PRICES (5/2) 104.7 105.1 -5.2

BUSINESS FAILURES (4/25) NA NA NA

REAL ESTATE LOANS (4/23) billions NA NA NA

MONEY SUPPLY, M2 (4/21) billions $3,917.7 $3,896.2r 5.1

INITIAL CLAIMS, UNEMPLOYMENT (4/26) 347 319r -0.6

thous.

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 (5/7) $/troy oz. 341.100 340.150 -13.6

STEEL SCRAP (5/6) #1 heavy, $/ton 133.50 133.50 -4.6

COPPER (5/2) cents/lb. 114.5 115.4 -9.1

ALUMINUM (5/2) cents/lb. 78.5 76.0 3.3

COTTON (5/3) strict low middling 69.54 69.17 -18.6

1-1/16 in., cents/lb.

OIL (5/6) $/bbl. 19.35 20.15 -7.9

CRB FOODSTUFFS (5/6) 1967=100 235.90 237.63 -9.5

CRB RAW INDUSTRIALS (5/6) 1967=100 332.97 333.37 -2.1

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 (5/7) 124.97 126.95 104.75

GERMAN MARK (5/7) 1.72 1.73 1.52

BRITISH POUND (5/7) 1.64 1.62 1.53

FRENCH FRANC (5/7) 5.81 5.84 5.15

ITALIAN LIRA (5/7) 1703.0 1712.2 1558.7

CANADIAN DOLLAR (5/7) 1.38 1.40 1.37

MEXICAN PESO (5/7)3 7.921 7.944 7.480

TRADE-WEIGHTED DOLLAR INDEX (5/7) 106.0 107.1 96.9

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.

Sources: Federal Reserve, HSH Associates, Bloomberg Financial Markets

INTEREST RATES

LATEST WEEK YEAR

WEEK AGO AGO

FEDERAL FUNDS (5/6) 5.50% 5.53% 5.24%

COMMERCIAL PAPER (5/7) 3-month 5.70 5.72 5.41

CERTIFICATES OF DEPOSIT (5/7) 3-month 5.71 5.72 5.38

FIXED MORTGAGE (5/2) 30-year 8.20 8.22 8.31

ADJUSTABLE MORTGAGE (5/2) one-year 6.10 6.05 5.92

PRIME (5/2) 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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