Businessweek Archives

Business Week Index


Business Week Index

BusinessWeek Index

The production index was unchanged in the week ended Mar. 21, while theunaveraged index was up a full 1%. The seasonally adjusted figures showed a5.1% increase in truck production this week, and Ward's Automotive Reportsnoted that truck exports rose 53.9% in 1997, with General Motors Corp. postingthe biggest gain in truck shipments. Increases in the output of coal, steel,autos, oil, lumber, and rail-freight traffic were also strong. Electric powerposted a 3.1% decline.BW production index copyright 1998 Bloomberg L.P.PRODUCTION INDICATORS

LATEST WEEK YEARLY

WEEK AGO % CHG

STEEL (3/28) thous. of net tons 2,246 2,250# 4.7

AUTOS (3/28) units 120,775 120,579r# 11.2

TRUCKS (3/28) units 147,379 145,402r# 46.7

ELECTRIC POWER (3/28) millions 59,649 61,674# 4.7

of kilowatt-hrs.

CRUDE-OIL REFINING (3/28) thous. 14,601 14,734# 2.2

of bbl./day

COAL (3/21) thous. of net tons 21,902# 20,171 -1.4

LUMBER (3/21) millions of ft. 481.6# 475.0 -5.6

RAIL FREIGHT (3/21) billions of 27.0# 25.4 -0.7

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 (3/27) S&P 500 1095.44 1099.16 44.7

CORPORATE BOND YIELD, Aaa (3/27) 6.69% 6.66% -12.3

MONEY SUPPLY, M2 (3/16) billions $4,123.2 $4,118.9r 6.7

INITIAL CLAIMS, UNEMPLOYMENT (3/21) thous. 313 309r 0.3

MORTGAGE APPLICATIONS, PURCHASE (3/27) 222.2 234.1 -13.6

MORTGAGE APPLICATIONS, REFINANCE (3/27) 1,297.1 1,421.4 140.9

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

Federal Reserve, Labor Dept., Mortgage Bankers Assn. (Index: March 16,

1990=100)

PRICES

LATEST WEEK YEARLY

WEEK AGO % CHG

GOLD (4/1) $/troy oz. 301.000 299.250 -14.3

STEEL SCRAP (3/31) #1 heavy, $/ton 135.50 135.50 -0.7

COPPER (3/27) cents/lb. 82.4 83.8 -31.2

ALUMINUM (3/27) cents/lb. 69.5 69.8 -12.4

COTTON (3/28) strict low middling 67.44 67.78 -3.2

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

OIL (3/31) $/bbl. 15.33 15.40 -23.2

CRB FOODSTUFFS (3/31) 1967=100 229.17 230.47 -6.6

CRB RAW INDUSTRIALS (3/31) 1967=100 300.51 304.07 -11.1

Sources: London Wednesday final setting, Chicago market, Metals Week, Memphis

market, NYMEX, Commodity Research Bureau

INTEREST RATES

LATEST WEEK YEAR

WEEK AGO AGO

FEDERAL FUNDS (3/31) 5.88% 5.41% 6.18%

COMMERCIAL PAPER (3/31) 3-month 5.50 5.48 5.71

CERTIFICATES OF DEPOSIT (4/1) 3-month 5.60 5.58 5.70

FIXED MORTGAGE (3/27) 30-year 7.17 7.15 8.21

ADJUSTABLE MORTGAGE (3/27) one-year 5.77 5.76 6.02

PRIME (3/27) 8.50 8.50 8.50

Sources: Federal Reserve, HSH Associates, Bloomberg Financial Markets

FOREIGN EXCHANGE

LATEST WEEK YEAR

WEEK AGO AGO

JAPANESE YEN (4/1) 133.75 129.06 122.72

GERMAN MARK (4/1) 1.85 1.83 1.67

BRITISH POUND (4/1) 1.67 1.67 1.64

FRENCH FRANC (4/1) 6.21 6.13 5.63

ITALIAN LIRA (4/1) 1826.8 1800.0 1659.0

CANADIAN DOLLAR (4/1) 1.42 1.41 1.39

MEXICAN PESO (4/1)3 8.505 8.517 7.939

TRADE-WEIGHTED DOLLAR INDEX (4/1) 111.5 109.6 104.6

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.

#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

Return to top


Later, Baby
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus