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Business Week Index


Business Week Index

BusinessWeek Index

PRODUCTION INDEXThe production index rose in the week ended Sept. 27, while the unaveragedindex fell to 126 from 126.5. After seasonal adjustment, auto production wasdown 4.3%, with trucks up 6.3%, as Chrysler announced that it will focus moreon light trucks and sport utility vehicles than on passenger cars. Steel andrail-freight were up, while electric power, oil, coal, and lumber were down.The monthly index for September was 126.4, up 0.4% from 125.9 in August.BW production index copyright 1997 Bloomberg L.P.Business Week IndexPRODUCTION INDICATORS

LATEST WEEK YEARLY

WEEK AGO % CHG

STEEL (10/4) thous. of net tons 2,155 2,246 # 8.8

AUTOS (10/4) units 126,924 125,803 r# 4.8

TRUCKS (10/4) units 143,014 144,847 r# 12.5

ELECTRIC POWER (10/4)

millions of kilowatt-hrs. 63,525 64,036 # 6.7

CRUDE-OIL REFINING (10/4)

thous. of bbl./day 15,086 15,291 # 4.5

COAL (9/27) thous. of net tons 21,543 # 21,796 3.5

LUMBER (9/27) millions of ft. 479.9 # 482.5 -1.4

RAIL FREIGHT (9/27)

billions of ton-miles 27.4 # 27.3 2.2

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 (10/3) S&P 500 965.03 945.22 37.6

CORPORATE BOND YIELD, Aaa (10/3) 7.01 % 7.04 % -6.0

INDUSTRIAL MATERIALS PRICES (10/3) 105.1 105.9 -3.0

BUSINESS FAILURES (9/26) NA NA NA

REAL ESTATE LOANS (9/24) billions NA NA NA

MONEY SUPPLY, M2 (9/22) billions $3,992.9 $3,983.8 r 5.9

INITIAL CLAIMS, UNEMPLOYMENT

(9/27) thous. 308 307 r -9.9

Sources: Standard & Poor's, Moody's, Journal of Commerce (index: 1990=100),

Federal Reserve, Labor Dept.

PRICES

LATEST WEEK YEARLY

WEEK AGO % CHG

GOLD (10/8) $/troy oz. 332.600 337.150 -12.8

STEEL SCRAP (10/7) #1 heavy, $/ton 137.50 137.50 3.0

COPPER (10/3) cents/lb. 98.2 97.2 5.1

ALUMINUM (10/3) cents/lb. 79.0 79.0 22.5

COTTON (10/4) strict low middling

1-1/16 in., cents/lb. 69.60 71.01 -6.9

OIL (10/7) $/bbl. 21.93 21.08 -14.2

CRB FOODSTUFFS (10/7) 1967=100 244.56 241.11 -5.1

CRB RAW INDUSTRIALS (10/7) 1967=100 334.16 336.70 -1.6

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 (10/8) 121.59 121.02 111.47

GERMAN MARK (10/8) 1.75 1.77 1.53

BRITISH POUND (10/8) 1.62 1.61 1.56

FRENCH FRANC (10/8) 5.89 5.96 5.17

ITALIAN LIRA (10/8) 1721.5 1740.2 1521.6

CANADIAN DOLLAR (10/8) 1.37 1.38 1.35

MEXICAN PESO (10/8)3 7.754 7.748 7.565

TRADE-WEIGHTED DOLLAR INDEX (10/8) 105.4 105.9 98.2

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 (10/7) 5.42 % 5.81 % 5.11 %

COMMERCIAL PAPER (10/7) 3-month 5.50 5.53 5.43

CERTIFICATES OF DEPOSIT (10/8) 3-month 5.61 5.63 5.40

FIXED MORTGAGE (10/3) 30-year 7.45 7.46 8.20

ADJUSTABLE MORTGAGE (10/3) one-year 5.65 5.67 5.94

PRIME (10/3) 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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