Business Week Index

      PRODUCTION INDICATORS
                                         Latest      Week        % Change
                                           week       ago         year ago
      
      STEEL (7/17) thous. of net tons     1,853      1,855   #       6.3
      AUTOS (7/17) units                 76,325      62,759   r#   -29.4
      TRUCKS (7/17) units                50,067      43,983   r#   -27.1
      ELECTRIC POWER (7/17) millions of 
      kilowatt-hours                     68,739      68,987   #      1.5
      CRUDE-OIL REFINING (7/17) thous. 
      of bbl./day                        14,216      14,363   #      0.8
      COAL (7/10) thous. of net tons     13,941   #   17,482       -17.1
      PAPERBOARD (7/10) thous. of tons    814.6   #   835.4   r      6.1
      PAPER (7/10) thous. of tons         757.0   #   785.0   r      3.7
      LUMBER (7/10) millions of ft.       336.6   #   426.4        -24.6
      RAIL FREIGHT (7/10) billions of 
      ton-miles                            17.4   #   21.0         -10.8
      
      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 (7/21)       108      108       127
      GERMAN MARK (7/21)       1.69      1.71      1.49
      BRITISH POUND (7/21)     1.51      1.49      1.91
      FRENCH FRANC (7/21)      5.80      5.87      5.03
      CANADIAN DOLLAR (7/21)   1.27      1.28      1.19
      SWISS FRANC (7/21)       1.50      1.51      1.32
      MEXICAN PESO (7/21)3    3.122      3.125      3.097
      
      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 (7/21) $/troy oz.               392.400      394.400      9.4
      STEEL SCRAP (7/20) #1 heavy, $/ton    118.50      118.50      33.9
      FOODSTUFFS (7/20) index, 1967=100      205.8      205.8        3.7
      COPPER (7/17)  /lb.                     90.5      92.0       -24.3
      ALUMINUM (7/17)  /lb.                   56.3      57.6        -5.9
      WHEAT (7/17) #2 hard, $/bu.             3.27      3.14        -8.1
      COTTON (7/17) strict low middling 
      1-1/16 in.,  /lb.                      56.13      55.01      -8.5
      
      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 (7/16) S&P 500               448.42    445.26      7.6
      CORPORATE BOND YIELD, Aaa (7/16)           7.16%     7.22%     11.5
      INDUSTRIAL MATERIALS PRICES (7/16)         94.9      95.4      -3.3
      BUSINESS FAILURES (7/9)                     375      349      -13.2
      REAL ESTATE LOANS (7/7) billions         $402.3      $401.3 r  -0.4
      MONEY SUPPLY, M2 (7/5) billions        $3,468.8      $3,469.8r  1.2
      INITIAL CLAIMS, UNEMPLOYMENT (7/3) thous.   332      339      -17.6
      
      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
      
      RETAIL SALES (June) billions                   $171.9      $171.2     6.7
      INDUSTRIAL PRODUCTION (June) total index        110.1      110.3  r   3.9
      CAPACITY UTILIZATION (June)                     81.2%      81.5%r     2.1
      HOUSING STARTS (June) annual rate, thous.       1,254      1,254  r   9.9
      
      Sources: Census Bureau, Federal Reserve Board, Commerce Dept.
      
      MONETARY INDICATORS
                                            Latest      Week      % Change
                                             week       ago       year ago
      
      MONEY SUPPLY, M1 (7/15)             $1,078.6      $1,076.8   12.4
      BANKS' BUSINESS LOANS (7/7)            275.7      276.6r     -1.7
      FREE RESERVES (7/7)                   1,028r      616r       75.1
      NONFINANCIAL COMMERCIAL PAPER (7/7)    159.7      153.1      11.3
      
      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 (7/20)                       3.08%     2.99%     3.22%
      PRIME (7/21)                               6.00      6.00      6.00   
      COMMERCIAL PAPER 3-MONTH (7/20)            3.08      3.19      3.40   
      CERTIFICATES OF DEPOSIT 3-MONTH (7/21)     3.16      3.14      3.32   
      EURODOLLAR 3-MONTH (7/16)                  3.18      3.14      3.31   
      
      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
      
    Before it's here, it's on the Bloomberg Terminal.
    LEARN MORE