Business Week Index

      Production Indicators
                                                        Latest  Week  % Change
                                                         week    ago   year ago
      STEEL (3/27) thous. of net tons                    1,812    1,770 #  -0.9
      AUTOS (3/27) units                               165,712  147,289 r# 41.7
      TRUCKS (3/27) units                              103,963  104,980 r# 18.4
      ELECTRIC POWER (3/27) millions of kilowatt-hours  54,105   58,477 #   1.0
      CRUDE-OIL REFINING (3/27) thous. of bbl./day      13,181   13,201 #   0.8
      COAL (3/20) thous. of net tons                    16,310 # 19,269   -14.8
      PAPERBOARD (3/20) thous. of tons                   783.3 #  809.2 r  -5.0
      PAPER (3/20) thous. of tons                        800.0 #  799.0 r   1.7
      LUMBER (3/20) millions of ft.                      491.3 #  498.9    -5.4
      RAIL FREIGHT (3/20) billions of ton-miles           19.4 #   21.2    -6.3
      
      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 (3/31)             115    117    134
      GERMAN MARK (3/31)             1.61   1.63   1.64
      BRITISH POUND (3/31)           1.50   1.48   1.74
      FRENCH FRANC (3/31)            5.47   5.55   5.55
      CANADIAN DOLLAR (3/31)         1.26   1.25   1.19
      SWISS FRANC (3/31)             1.49   1.51   1.50
      MEXICAN PESO (3/31) superscript 3
                                    3.074  3.094  3.086
      
      Sources: Major New York banks. Currencies expressed in units per U.S. dollar, 
      except for British pound expressed in dollars
      
      Prices
                                                          Latest    Week   % Chang e 
                                                           week      ago    year ago
      GOLD (3/31) $/troy oz.                              337.800  331.000   -1.0
      STEEL SCRAP (3/30) #1 heavy, $/ton                  108.50   108.50    27.9
      FOODSTUFFS (3/29) index, 1967=100                   203.5    205.8      0.8
      COPPER (3/27)  /lb.                                 101.0    100.0     -4.7
      ALUMINUM (3/27)  /lb.                                54.1     53.3     -8.3
      WHEAT (3/27) #2 hard, $/bu.                           3.81     3.79   -14.0
      COTTON (3/27) strict low middling 1-1/16 in.,  /lb.  55.70    56.53     4.2
      
      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 (3/26) S&P 500                 448.87    450.80    10.1
      CORPORATE BOND YIELD, Aaa (3/26)              7.59 %    7.61 %  -9.2
      INDUSTRIAL MATERIALS PRICES (3/26)          100.0     101.2      3.4
      BUSINESS FAILURES (3/19)                    395       403      -11.2
      REAL ESTATE LOANS (3/17) billions          $394.5    $397.3 r   -2.8
      MONEY SUPPLY, M2 (3/15) billions         $3,438.5  $3,441.9 r   -0.8
      INITIAL CLAIMS, UNEMPLOYMENT (3/13) thous.  351       361      -21.5
      
      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
      PERSONAL INCOME (Feb.) annual rate, billions   $5,229.1   $5,219.2 r  4.8
      CONSUMER SPENDING (Feb.) billions              $4,262.0   $4,236.6 r  5.7
      NEW HOME SALES (Feb.) annual rate. thous.         595        569 r   -5.3
      12 LEADING INDICATORS COMPOSITE (Feb.) index      153.6      152.8 r  4.3
      Sources: Commerce Dept. 
      
      Monetary indicators
                                                 Latest     Week  % Change
                                                  week      ago   year ago
      MONEY SUPPLY, M1 (3/15)                   $1,032.1  $1,032.8 r   9.4
      BANKS' BUSINESS LOANS (3/17)                 278.6     278.0 r  -4.6
      FREE RESERVES (3/17)                       1,222 r     515 r   180.9
      NONFINANCIAL COMMERCIAL PAPER (3/17)         150.5     148.4     6.4
      
      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 (3/30)                    2.91 %   2.93 %  4.09 %
      PRIME (3/31)                            6.00     6.00    6.50 
      COMMERCIAL PAPER 3-MONTH (3/30)         3.19     3.16    4.26 
      CERTIFICATES OF DEPOSIT 3-MONTH (3/31)  3.12     3.09    4.19 
      EURODOLLAR 3-MONTH (3/26)               3.13     3.13    4.26 
      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.