Business Week Index

      Production Indicators
                                                        Latest   Week  % Change
                                                          week    ago  year ago
      STEEL (2/6) thous. of net tons                     1,791    1,761 #   4.5
      AUTOS (2/6) units                                120,404  131,401 r# 12.9
      TRUCKS (2/6) units                                99,250  101,262 r# 43.8
      ELECTRIC POWER (2/6) millions of kilowatt-hours   58,911   59,575 #   3.3
      CRUDE-OIL REFINING (2/6) thous. of bbl./day       12,907   13,019 #   2.4
      COAL (1/30) thous. of net tons                    21,152 # 18,971     8.4
      PAPERBOARD (1/30) thous. of tons                   863.8 #  854.1 r   8.4
      PAPER (1/30) thous. of tons                        778.0 #  770.0 r  -0.9
      LUMBER (1/30) millions of ft.                      497.2 #  457.9    -4.7
      RAIL FREIGHT (1/30) billions of ton-miles           22.2 #   21.0     7.2
      
      Sources: American Iron & Steel Institute, Ward's Automotive Reports, Edison 
      Electric Institute, American Petroleum Institute, Energy Dept., American Paper 
      Institute, WWPA1, SFPA2, Association of American Railroads
      
      Foreign Exchange
                                     Latest  Week  Year
                                       week   ago   ago
      JAPANESE YEN (2/10)              121    124   128
      GERMAN MARK (2/10)              1.65   1.65  1.63
      BRITISH POUND (2/10)            1.43   1.43  1.77
      FRENCH FRANC (2/10)             5.59   5.59  5.54
      CANADIAN DOLLAR (2/10)          1.27   1.27  1.19
      SWISS FRANC (2/10)              1.53   1.53  1.46
      MEXICAN PESO (2/10) superscript 3
                                     3.076  3.080  3.081
      
      Sources: Major New York banks. Currencies expressed in units per U.S. dollar, 
      except for British pound expressed in dollars
      
      Prices
                                                     Latest    Week  % Change 
                                                      week      ago  year ago
      GOLD (2/10) $/troy oz.                         329.850  328.200   -6.9
      STEEL SCRAP (2/9) #1 heavy, $/ton              109.50   103.50    22.3
      FOODSTUFFS (2/8) index, 1967=100               196.1    199.6     -5.2
      COPPER (2/6)  /lb.                             104.0    104.0      1.3
      ALUMINUM (2/6)  /lb.                            55.5     56.1     -1.2
      WHEAT (2/6) #2 hard, $/bu.                       3.83     3.97   -18.0
      COTTON (2/6) strict low middling 1-1/16 in.,  /lb.
                                                      53.63    52.88     6.9
      
      Sources: London Wednesday final setting, Chicago market, Commodity Research 
      Bureau, Metals Week, Kansas City market, Memphis market
      
      Leading Indicators
                                                     Latest     Week   % Change
                                                      week      ago   year ago
      STOCK PRICES (2/5) S&P 500                     446.15    439.10    8.2
      CORPORATE BOND YIELD, Aaa (2/5)                  7.78 %    7.84 % -5.7
      INDUSTRIAL MATERIALS PRICES (2/5)               99.5      98.8     4.5
      BUSINESS FAILURES (1/29)                       404       357      -9.8
      REAL ESTATE LOANS (1/27) billions             $398.0    $401.2 r  -2.1
      MONEY SUPPLY, M2 (1/25) billions            $3,436.4  $3,441.6 r  -0.3
      INITIAL CLAIMS, UNEMPLOYMENT (1/23) thous.     365       363 r   -18.9
      
      Sources: Standard & Poor's, Moody's, Journal of Commerce (index: 1980=100), Dun 
      & Bradstreet (failures of large companies), Federal Reserve Board, Labor Dept. 
      CIBCR seasonally adjusts data on business failures and real estate loans
      
      Monthly Economic Indicators
                                                    Latest  Month  % Change
                                                     month   ago   year ago
      BUSINESS WEEK PRODUCTION INDEX (Jan.)          183.0   182.5 r  3.6
      BUSINESS WEEK LEADING INDEX (Jan.)             219.9   222.5 r  5.5
      EMPLOYMENT, CIVILIAN (Jan.) millions           118.1   118.3    0.9
      UNEMPLOYMENT RATE, CIVILIAN (Jan.)               7.1 %   7.3 %  0.0
      Sources: BW, CIBCR, BLS 
      
      Monetary indicators
                                           Latest   Week    % Change
                                            week    ago     year ago
      MONEY SUPPLY, M1 (1/25)            $1,034.0  $1,033.4 r   13.0
      BANKS' BUSINESS LOANS (1/27)          277.5     277.8     -4.6
      FREE RESERVES (2/3)                 1,189       994 r     32.8
      NONFINANCIAL COMMERCIAL PAPER (1/27)  147.7     148.0     11.2
      
      Sources: Federal Reserve Board (in billions, except for free reserves, which 
      are expressed for a two-week period in millions)
      
      Money Market Rates
                                             Latest     Week  Year 
                                              week       ago   ago
      FEDERAL FUNDS (2/9)                     2.90 %   3.18 %   3.93 %
      PRIME (2/10)                            6.00     6.00     6.50 
      COMMERCIAL PAPER 3-MONTH (2/9)          3.18     3.21     4.02 
      CERTIFICATES OF DEPOSIT 3-MONTH (2/10)  3.13     3.16     3.96 
      EURODOLLAR 3-MONTH (2/5)                3.18     3.18     4.03 
      Sources: Federal Reserve Board, First Boston
      
      #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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