Business Week Index
Change from last week: 0%
Change from last year: 2.7%
The production index was flat for the week ended July 9. Seasonally adjusted
output of autos, trucks, steel, electric power, crude-oil refining, lumber, and
rail-freight traffic all declined. Coal, paper, and paperboard production
increased. Before calculation of the four-week moving average, the index fell
sharply, to 196, from 198.6. Some of the decline reflected a later-than-usual
Independence Day and auto-plant closings for model changeovers.
BW production index copyright 1994 Bloomberg L.P.
Change from last week: 0.2%
Change from last year: 7.3%
The leading index increased during the week ended July 9 as materials prices
continued to grow at a rapid pace. In addition, higher stock prices and faster
growth rates for M2 and real estate loans contributed to the gain. On the
negative side, bond yields were higher, while data on large-business failures
were unavailable. Before calculation of the four-week moving average, the index
rose sharply to 240, from 238.2 in the previous week.
Leading index copyright 1994 by Center for International Business Cycle Research