Business Week Index

      PRODUCTION INDICATORS
                                              Latest   Week   % Change
                                               week    ago    year ago
      
      STEEL (6/26) thous. of net tons        1,823      1,840   #   1.2
      AUTOS (6/26) units                   134,818      134,337   r#   9.2
      TRUCKS (6/26) units                  101,414      99,828   r#   33.1
      ELECTRIC POWER (6/26) millions of 
         kilowatt-hours                     63,643      62,580   #   6.4
      CRUDE-OIL REFINING (6/26) thous. of 
         bbl./day                           14,149      14,101   #   -0.6
      COAL (6/19) thous. of net tons        18,955   #   18,304      -1.1
      PAPERBOARD (6/19) thous. of tons       819.4   #   827.4   r   0.4
      PAPER (6/19) thous. of tons            797.0   #   790.0   r   1.7
      LUMBER (6/19) millions of ft.          458.4   #   461.3      -2.2
      RAIL FREIGHT (6/19) billions of 
         ton-miles                            21.5   #   21.2      0.5
      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 (6/30)                      106        109      124
      GERMAN MARK (6/30)                      1.69      1.69      1.51
      BRITISH POUND (6/30)                    1.51      1.47      1.92
      FRENCH FRANC (6/30)                     5.70      5.69      5.09
      CANADIAN DOLLAR (6/30)                  1.28      1.28      1.20
      SWISS FRANC (6/30)                      1.50      1.50      1.35
      MEXICAN PESO (6/30)3                   3.116      3.116      3.095
      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 (6/30) $/troy oz.               378.450      367.100      10.2
      STEEL SCRAP (6/29) #1 heavy, $/ton    111.50      111.50      23.9
      FOODSTUFFS (6/29) index, 1967=100      202.3      204.5      -1.1
      COPPER (6/26)  /lb.                     89.0      88.6      -19.5
      ALUMINUM (6/26)  /lb.                   55.3      54.0      -3.8
      WHEAT (6/26) #2 hard, $/bu.             3.16      3.31      -16.6
      COTTON (6/26) strict low middling 
         1-1/16 in.,  /lb.                   54.78      55.71      -8.3
      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 (6/25) S&P 500           445.91      446.73      10.5
      CORPORATE BOND YIELD, Aaa (6/25)        7.29   %   7.32   %   -11.1
      INDUSTRIAL MATERIALS PRICES (6/25)      95.8      95.4      3.0
      BUSINESS FAILURES (6/18)                 361      369      6.5
      REAL ESTATE LOANS (6/16) billions     $397.9      $400.4   r   -1.3
      MONEY SUPPLY, M2 (6/14) billions    $3,482.5      $3,484.8   r   1.4
      INITIAL CLAIMS, UNEMPLOYMENT (6/12) 
         thous.                                345      344      -18.1
      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
      MANUFACTURERS' INVENTORIES (May) 
         billions                           $381.4      $380.3      -0.5
      12 LEADING INDICATORS COMPOSITE (May) 
         index                               151.6      152.0      1.6
      NEW HOME SALES (May) annual rate.  
         thous.                                571      723      3.4
      PERSONAL INCOME (May) annual rate, 
         billions                         $5,296.6      $5,266.3   r   5.2
      Sources: Commerce Dept. 
      
      MONETARY INDICATORS
                                             Latest      Week   % Change
                                              week       ago    year ago
      
      MONEY SUPPLY, M1 (6/14)             $1,070.6      $1,072.7   r   12.4
      BANKS' BUSINESS LOANS (6/16)           276.2      274.8      -2.6
      FREE RESERVES (6/23)                     633      708   r   -35.6
      NONFINANCIAL COMMERCIAL PAPER (6/16)   164.0      155.4      10.4
      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 (6/29)                    3.00   %  2.98   %  3.87   %
      PRIME (6/30)                            6.00      6.00      6.50   
      COMMERCIAL PAPER 3-MONTH (6/29)         3.26      3.24      3.80   
      CERTIFICATES OF DEPOSIT 3-MONTH (6/30)  3.20      3.23      3.75   
      EURODOLLAR 3-MONTH (6/25)               3.21      3.19      3.85   
      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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