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Business Week Index


Business Week Index

BusinessWeek Index

PRODUCTION INDEXThe production index was up in the week ended Oct. 31. The unaveraged indexalso increased, to 135.6, from 134.7 in the previous week. After seasonaladjustment, rail-freight traffic was up 2.7%, and the Association of AmericanRailroads reported that this week intermodal traffic set a record high. Outputof electricity, oil, coal, and lumber also increased. For October, the indexfell 1.1% to 134.9, from September's reading of 136.4.BW production index copyright 1998 Bloomberg L.P.PRODUCTION INDICATORS

LATEST WEEK YEARLY

WEEK AGO% CHG

STEEL (11/7) thous. of net tons 1,841 1,920 # -15.7

AUTOS (11/7) units 126,756 132,386r# -5.6

TRUCKS (11/7) units 146,229 148,588r# -1.2

ELECTRIC POWER (11/7) millions of kilowatt-hrs. NA 61,192# NA

CRUDE-OIL REFINING (11/7) thous. of bbl./day 14,774 14,456# 2.1

COAL (10/31) thous. of net tons 22,359# 22,088 10.3

LUMBER (10/31) millions of ft. 512.8 # 498.8 11.3

RAIL FREIGHT (10/31) billions of ton-miles 28.7# 28.3 7.5

Sources: American Iron & Steel Institute, Ward's Automotive Reports, Edison

Electric Institute, American Petroleum Institute, Energy Dept., WWPA*, SFPA**,

Association of American Railroads

LEADING INDICATORS

LATEST WEEK YEARLY

WEEK AGO % CHG

STOCK PRICES (11/6) S&P 500 1141.01 1098.67 23.0

CORPORATE BOND YIELD, Aaa (11/6) 6.61% 6.47% -4.3

MONEY SUPPLY, M2 (10/26) billions $4,361.5 $4,344.2r 8.9

INITIAL CLAIMS, UNEMPLOYMENT (10/30) thous. 312 301 -1.9

MORTGAGE APPLICATIONS, PURCHASE (11/6) 291.9 249.3 44.4

MORTGAGE APPLICATIONS, REFINANCE (11/6) 1,987.0 2,495.7 146.8

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 (11/11) $/troy oz. 293.500 289.400 -4.8

STEEL SCRAP (11/10) #1 heavy, $/ton 85.50 85.50 -40.4

COPPER (11/6) cents/lb. 76.3 74.9 -18.2

ALUMINUM (11/6) cents/lb. 62.5 61.8 -19.9

COTTON (11/6) strict low middling

1-1/16 in., cents/lb. 66.13 65.64 -5.7

OIL (11/10) $/bbl. 13.18 13.91 -34.8

CRB FOODSTUFFS (11/10) 1967=100 219.52 217.65 -12.7

CRB RAW INDUSTRIALS (11/10) 1967=100 267.22 274.44 -18.7

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 (11/11) 121.65 116.40 126.06

GERMAN MARK (11/11) 1.68 1.67 1.73

BRITISH POUND (11/11) 1.66 1.66 1.70

FRENCH FRANC (11/11) 5.63 5.59 5.78

ITALIAN LIRA (11/11) 1659.0 1649.5 1688.5

CANADIAN DOLLAR (11/11) 1.55 1.52 1.41

MEXICAN PESO (11/11)3 10.020 9.950 8.340

TRADE-WEIGHTED DOLLAR INDEX (11/11) 108.0 106.1 106.5

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 (11/9) 4.95% 5.04% 5.50%

COMMERCIAL PAPER (11/10) 3-month 5.15 5.05 5.60

CERTIFICATES OF DEPOSIT (11/10) 3-month 5.30 5.29 5.77

FIXED MORTGAGE (11/6) 30-year 7.03 6.96 7.38

ADJUSTABLE MORTGAGE (11/6) one-year 5.65 5.58 5.65

PRIME (11/6) 8.00 8.00 8.50

Sources: American Iron & Steel Institute, Ward's Automotive Reports, Edison

Electric Institute, American Petroleum Institute, Energy Dept., WWPA1, SFPA2,

Association of American Railroads

#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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