Businessweek Archives

Business Week Index


Business Week Index

BusinessWeek Index

PRODUCTION INDEXThe production index continued to fall in the week ended July 11. Beforecalculation of the four-week moving average, the index climbed to 131, from129 in the previous week. After seasonal adjustment, truck production was down41.3%, as the strike affecting General Motors continues. Electric power wasalso down, but with the heat wave hovering across most of the U.S., it's sureto bounce back up. Output of steel, autos, oil, coal, lumber, and rail freightposted gains.BW production index copyright 1998 Bloomberg L.P.PRODUCTION INDICATORS

LATEST WEEK YEARLY

WEEK AGO % CHG

STEEL (7/18) thous. of net tons 1,962 2,010# -4.2

AUTOS (7/18) units 74,416 33,073r# -28.2

TRUCKS (7/18) units 68,974 22,707r# -16.7

ELECTRIC POWER (7/18) millions of kilowatt-hrs. 77,565 73,856# 0.1

CRUDE-OIL REFINING (7/18) thous. of bbl./day 15,675 15,601# 5.1

COAL (7/11) thous. of net tons 19,270# 18,122 0.5

LUMBER (7/11) millions of ft. 464.2# 391.3 -3.3

RAIL FREIGHT (7/11) billions of ton-miles 24.3# 23.5 0.0

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 (7/17) S&P 500 1186.75 1164.33 29.7

CORPORATE BOND YIELD, Aaa (7/17) 6.58% 6.49% -8.0

MONEY SUPPLY, M2 (7/6) billions $4,213.7 $4,192.7r 7.5

INITIAL CLAIMS, UNEMPLOYMENT (7/11) thous. 336 394r -2.3

MORTGAGE APPLICATIONS, PURCHASE (7/17) 255.0 262.5 22.4

MORTGAGE APPLICATIONS, REFINANCE (7/17) 1,292.2 1,305.5 138.1

Sources: Standard & Poor's, Moody's, Federal Reserve, Labor Dept., Mortgage

Bankers Assn. (Index: March 16, 1990=100)

PRICES

LATEST WEEK YEARLY

WEEK AGO % CHG

GOLD (7/22) $/troy oz. 293.950 293.150 -9.5

STEEL SCRAP (7/21) #1 heavy, $/ton 130.50 130.50 -3.0

COPPER (7/17) cents/lb. 79.0 75.4 -29.5

ALUMINUM (7/17) cents/lb. 63.0 62.0 -16.0

COTTON (7/18) strict low middling 1-1/16

in., cents/lb. 73.66 77.01 2.8

OIL (7/21) $/bbl. 13.53 14.43 -27.9

CRB FOODSTUFFS (7/21) 1967=100 229.16 227.69 -4.0

CRB RAW INDUSTRIALS (7/21) 1967=100 296.90 294.45 -10.8

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 (7/21) 5.51% 5.45% 5.44%

COMMERCIAL PAPER (7/21) 3-month 5.50 5.49 5.54

CERTIFICATES OF DEPOSIT (7/22) 3-month 5.60 5.59 5.57

FIXED MORTGAGE (7/17) 30-year 7.07 7.03 7.65

ADJUSTABLE MORTGAGE (7/17) one-year 5.82 5.78 5.81

PRIME (7/17) 8.50 8.50 8.50

Sources: Federal Reserve, HSH Associates, Bloomberg Financial Markets

FOREIGN EXCHANGE

LATEST WEEK YEAR

WEEK AGO AGO

JAPANESE YEN (7/22) 140.98 140.67 115.76

GERMAN MARK (7/22) 1.79 1.80 1.82

BRITISH POUND (7/22) 1.64 1.63 1.68

FRENCH FRANC (7/22) 6.00 6.04 6.14

ITALIAN LIRA (7/22) 1766.0 1776.2 1773.0

CANADIAN DOLLAR (7/22) 1.50 1.49 1.38

MEXICAN PESO (7/22)3 8.865 8.850 7.834

TRADE-WEIGHTED DOLLAR INDEX (7/22) 114.0 114.0 105.3

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


China's Killer Profits
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus