business

Business Week Index

      PRODUCTION INDICATORS
                                       Latest       Week      % Change
                                        week        ago      year ago
      STEEL (9/25) thous. of net tons   1,798      1,833 #         7.0
      AUTOS (9/25) units              111,493      108,337   r#   -10.3
      TRUCKS (9/25) units             105,385      104,457   r#   19.8
      ELECTRIC POWER (9/25) millions 
      of kilowatt-hours                58,496      59,090 #        0.3
      CRUDE-OIL REFINING (9/25) thous. 
      of bbl./day                      13,884      13,852 #       1.1
      COAL (9/18) thous. of net tons   19,405 #     17,528       -1.0
      PAPERBOARD (9/18) thous. of 
      tons                              796.2 #     798.8   r    -0.1
      PAPER (9/18) thous. of tons       798.0 #     805.0   r    -0.5
      LUMBER (9/18) millions of ft.     482.6 #     389.2        -0.3
      RAIL FREIGHT (9/18) billions of 
      ton-miles                          22.1 #      19.4          3.3
      
      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 (9/29)           105      106       121
      GERMAN MARK (9/29)           1.61      1.63      1.49
      BRITISH POUND (9/29)         1.51      1.52      1.70
      FRENCH FRANC (9/29)          5.63      5.68      5.04
      CANADIAN DOLLAR (9/29)       1.32      1.32      1.24
      SWISS FRANC (9/29)           1.41      1.42      1.30
      MEXICAN PESO (9/29)3        3.118      3.106      3.103
      
      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 (9/29) $/troy oz.             353.200      354.400     1.2
      STEEL SCRAP (9/28) #1 heavy, $/ton  112.50      112.50     29.3
      FOODSTUFFS (9/28) index, 1967=100    211.6      210.8      6.3
      COPPER (9/25)  /lb.                   87.0      89.1      -22.4
      ALUMINUM (9/25)  /lb.                 52.3      52.8      -10.1
      WHEAT (9/25) #2 hard, $/bu.           3.25      3.35      -8.7
      COTTON (9/25) strict low 
      middling 1-1/16 in.,  /lb.           56.03      54.23      6.1
      
      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 (9/24) S&P 500                    455.91      460.36      8.6
      CORPORATE BOND YIELD, Aaa (9/24)                6.79%       6.66%     -14.7
      INDUSTRIAL MATERIALS PRICES (9/24)               94.4        94.7      -5.4
      BUSINESS FAILURES (9/17)    331                   336       -14.9
      REAL ESTATE LOANS (9/15) billions              $403.9      $404.2   r   0.6
      MONEY SUPPLY, M2 (9/13) billions             $3,504.7    $3,498.2   r   1.6
      INITIAL CLAIMS, UNEMPLOYMENT (9/11) thous.        324         322      -21.7
      
      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
      
      ORDERS FOR DURABLE GOODS: MFG. (Aug) billions    $131.2      $128.6   r   9.3
      BUDGET SURPLUS OR DEFICIT (-) (Aug) millions   -$23,230      -$39,577    -6.1
      CONSUMER PRICE INDEX (Aug)                        144.8      144.4        2.8
      RETAIL SALES (Aug) billions                      $173.5      $173.1       6.3
      Sources: Commerce Dept., Treasury Dept., BLS, Census Bureau
      
      Sources: Federal Reserve Board (in billions, except for free reserves, which 
      are expressed for a two-week period in millions)
      
      MONETARY INDICATORS
                                                Latest       Week     % Change
                                                 week        ago      year ago
      MONEY SUPPLY, M1 (9/13)                $1,103.7      $1,102.9   12.0
      BANKS' BUSINESS LOANS (9/15)              271.2       267.7     -2.8
      FREE RESERVES (9/15)                        325   r   823   r   -31.4
      NONFINANCIAL COMMERCIAL PAPER (9/15)       162.8      158.0      11.7
      
      MONEY MARKET RATES
                                               Latest    Week      Year
                                                 week     ago      ago
      FEDERAL FUNDS (9/28)                      3.08%    3.23%     3.41%
      PRIME (9/29)                              6.00      6.00      6.00   
      COMMERCIAL PAPER 3-MONTH (9/28)           3.18      3.16      3.39   
      CERTIFICATES OF DEPOSIT 3-MONTH (9/29)    3.09      3.12      3.10   
      EURODOLLAR 3-MONTH (9/24)                 3.06      3.08      3.10   
      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. 
      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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