Business Week Index

      Production Indicators
                                                         Latest    Week  % Change
                                                          week     ago   year ago
      STEEL (4/10) thous. of net tons                    1,787    1,790 #    -1.3
      AUTOS (4/10) units                               105,091  132,424 r#  -11.9
      TRUCKS (4/10) units                               80,265  109,306 r#   -4.0
      ELECTRIC POWER (4/10) millions of kilowatt-hours  51,846   52,659 #     1.9
      CRUDE-OIL REFINING (4/10) thous. of bbl./day      13,100   13,466 #    -1.5
      COAL (4/3) thous. of net tons                     17,999 # 19,928       3.5
      PAPERBOARD (4/3) thous. of tons                    827.4 #  814.0 r     1.3
      PAPER (4/3) thous. of tons                         794.0 #  797.0 r     2.8
      LUMBER (4/3) millions of ft.                       463.3 #  482.4      -7.9
      RAIL FREIGHT (4/3) billions of ton-miles            21.1 #   21.7       6.0
      
      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 (4/14)         114      114    133
      GERMAN MARK (4/14)         1.59     1.62   1.66
      BRITISH POUND (4/14)       1.56     1.51   1.76
      FRENCH FRANC (4/14)        5.36     5.46   5.61
      CANADIAN DOLLAR (4/14)     1.26     1.26   1.18
      SWISS FRANC (4/14)         1.45     1.49   1.53
      MEXICAN PESO (4/14) superscript 3
                                3.079    3.074  3.087
      
      Prices
                                                         Latest   Week    % Change
                                                           week    ago     year ago
      GOLD (4/14) $/troy oz.                             338.250  336.750    0.2
      STEEL SCRAP (4/13) #1 heavy, $/ton                 106.50   107.50    13.3
      FOODSTUFFS (4/13) index, 1967=100                  207.3    204.2      3.3
      COPPER (4/10)  /lb.                                 94.0     99.5    -11.2
      ALUMINUM (4/10)  /lb.                               52.5     53.1    -15.3
      WHEAT (4/10) #2 hard, $/bu.                          3.70     3.79   -10.6
      COTTON (4/10) strict low middling 1-1/16 in.,  /lb. 56.58    55.46     2.7
      
      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 (4/9) S&P 500                 442.00    449.22    10.3
      CORPORATE BOND YIELD, Aaa (4/9)              7.61 %    7.64 %  -8.5
      INDUSTRIAL MATERIALS PRICES (4/9)           97.7      98.4      0.5
      BUSINESS FAILURES (4/2)                    381       369 r    -15.9
      REAL ESTATE LOANS (3/31) billions         $395.0    $394.1     16.8
      MONEY SUPPLY, M2 (3/29) billions        $3,440.6  $3,436.7     -0.5
      INITIAL CLAIMS, UNEMPLOYMENT (3/27) thous. 378       347      -12.7
      
      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 (Mar.)     184.3    183.4 r   2.9
      BUSINESS WEEK LEADING INDEX (Mar.)        220.1    220.2 r   4.4
      RETAIL SALES (Mar.) billions             $166.9   $168.7     4.4
      CONSUMER PRICE INDEX (Mar.)               143.6    143.1     3.1
      Sources: BW, CIBCR, Census Bureau, BLS
      
      Monetary Indicators
                                              Latest     Week    % Change
                                               week      ago      year ago
      MONEY SUPPLY, M1 (3/29)                $1,036.2  $1,036.9   10.7
      BANKS' BUSINESS LOANS (3/31)              277.5     276.0 r -5.1
      FREE RESERVES (3/31)                    1,200 r   1,194 r   -20.0
      NONFINANCIAL COMMERCIAL PAPER (3/31)      142.6     147.4     2.6
      
      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 (4/13)                        2.98 %    2.97 %  3.65 %
      PRIME (4/14)                                6.00      6.00    6.50 
      COMMERCIAL PAPER 3-MONTH (4/13)             3.16      3.17    3.96 
      CERTIFICATES OF DEPOSIT 3-MONTH (4/14)      3.09      3.11    3.93 
      EURODOLLAR 3-MONTH (4/10)                   3.11      3.11    4.10 
      
      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.