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Business Week Index


Business Week Index

BusinessWeek Index

PRODUCTION INDEXThe production index was up in the week ended Nov. 29, while the unaveragedindex fell 0.1% to 128.3, from 128.4. After seasonal adjustment, output of rawsteel was up 10.4%. Autos, trucks, and coal also posted gains. Electric powerwas down 2.9%, with a 10.1% weekly decrease of available energy in the SouthCentral region. Rail-freight and lumber production were also down. The monthlyindex for November was 127.7, up 0.9% from 126.6 in October, and up 7.1% from ayear ago.BW production index copyright 1997 Bloomberg L.P.PRODUCTION INDICATORS

LATEST WEEK YEARLY

WEEK AGO % CHG

STEEL (12/6) thous. of net tons 2,162 2,234 # 12.0

AUTOS (12/6) units 130,911 73,225 r# 6.0

TRUCKS (12/6) units 145,242 86,282 r# 6.8

ELECTRIC POWER (12/6)

millions of kilowatt-hrs. 62,978 60,073 # 0.4

CRUDE-OIL REFINING (12/6)

thous. of bbl./day 14,851 14,919 # 3.3

COAL (11/29) thous. of net tons 20,431 # 21,089 11.2

LUMBER (11/29) millions of ft. 282.3 # 480.3 -15.3

RAIL FREIGHT (11/29)

billions of ton-miles 24.1 # 27.6 5.2

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 (12/5) S&P 500 983.79 955.40 33.0

CORPORATE BOND YIELD, Aaa (12/5) 6.81 % 6.83 % -4.1

INDUSTRIAL MATERIALS PRICES (12/5) 100.4 101.9 -6.0

BUSINESS FAILURES (11/28) NA NA NA

REAL ESTATE LOANS (11/26) billions NA NA NA

MONEY SUPPLY, M2 (11/24) billions $4,000.3 $3,993.8 r 5.4

INITIAL CLAIMS,

UNEMPLOYMENT (11/29) thous. 303 306 -9.0

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

Federal Reserve, Labor Dept.

PRICES

LATEST WEEK YEARLY

WEEK AGO % CHG

GOLD (12/10) $/troy oz. 286.300 293.000 -22.3

STEEL SCRAP (12/9) #1 heavy, $/ton 131.50 143.50 12.9

COPPER (12/5) cents/lb. 84.1 87.2 -22.4

ALUMINUM (12/5) cents/lb. 77.3 77.8 6.9

COTTON (12/5) strict

low middling 1-1/16 in., cents/lb. 66.14 67.83 -7.9

OIL (12/9) $/bbl. 18.47 18.61 -24.4

CRB FOODSTUFFS (12/9) 1967=100 247.87 248.98 8.8

CRB RAW INDUSTRIALS (12/9) 1967=100 310.29 318.27 -6.5

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 (12/10) 128.90 128.60 112.82

GERMAN MARK (12/10) 1.78 1.77 1.54

BRITISH POUND (12/10) 1.65 1.68 1.66

FRENCH FRANC (12/10) 5.97 5.92 5.22

ITALIAN LIRA (12/10) 1744.5 1734.5 1525.5

CANADIAN DOLLAR (12/10) 1.42 1.42 1.36

MEXICAN PESO (12/10)3 8.139 8.125 7.892

TRADE-WEIGHTED DOLLAR INDEX (12/10) 109.4 108.4 98.6

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 (12/9) 5.29 % 5.55 % 5.17 %

COMMERCIAL PAPER (12/9) 3-month 5.73 5.71 5.44

CERTIFICATES OF DEPOSIT (12/10) 3-month 5.81 5.80 5.44

FIXED MORTGAGE (12/5) 30-year 7.35 7.36 7.67

ADJUSTABLE MORTGAGE (12/5) one-year 5.72 5.71 5.66

PRIME (12/5) 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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