business

Business Week Index

      PRODUCTION INDICATORS
                                                         Latest      Week    % Change
                                                           week      ago     year ago
      STEEL (10/2) thous. of net tons                     1,769       1,798#     4.3
      AUTOS (10/2) units                                152,816     111,493r#   30.4
      TRUCKS (10/2) units                               124,732     105,385r#   41.1
      ELECTRIC POWER (10/2) millions of kilowatt-hours   56,063      58,496#     1.7
      CRUDE-OIL REFINING (10/2) thous. of bbl./day       13,872      13,884r     0.5
      COAL (9/25) thous. of net tons                     19,409#     19,405      5.1
      PAPERBOARD (9/25) thous. of tons                    796.3#      806.8r    -1.9
      PAPER (9/25) thous. of tons                         782.0#      800.0r    -2.5
      LUMBER (9/25) millions of ft.                       497.2#      482.6     -2.9
      RAIL FREIGHT (9/25) billions of ton-miles            21.8#       22.1      2.3
      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 (10/6)     105        105         121
      GERMAN MARK (10/6)     1.63        1.61        1.48
      BRITISH POUND (10/6)   1.52        1.51        1.69
      FRENCH FRANC (10/6)    5.67        5.63        5.01
      CANADIAN DOLLAR (10/6) 1.34        1.32        1.25
      SWISS FRANC (10/6)     1.42        1.41        1.31
      MEXICAN PESO (10/6)3   3.115       3.118       3.105
      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 (10/6) $/troy oz.                               356.250   353.200      1.7
      STEEL SCRAP (10/5) #1 heavy, $/ton                   122.50    112.50      35.4
      FOODSTUFFS (10/5) index, 1967=100                    211.8     211.6        6.9
      COPPER (10/2)  /lb.                                   86.7      87.0      -20.3
      ALUMINUM (10/2)  /lb.                                 52.0      52.3       -9.2
      WHEAT (10/2) #2 hard, $/bu.                           3.24       3.25     -11.7
      COTTON (10/2) strict low middling 1-1/16 in.,  /lb.  56.19      56.03      14.0
      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 (10/1) S&P 500                460.70      455.91         10.9
      CORPORATE BOND YIELD, Aaa (10/1)             6.69%       6.79%       -15.6
      INDUSTRIAL MATERIALS PRICES (10/1)           94.0        94.4         -4.4
      BUSINESS FAILURES (9/24)                      340         331         -9.3
      REAL ESTATE LOANS (9/22) billions          $401.5      $403.8r         0.3
      MONEY SUPPLY, M2 (9/20) billions         $3,508.7    $3,507.6r         1.8
      INITIAL CLAIMS, UNEMPLOYMENT (9/18) thous.    340         324        -19.8
      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
      CONSTR. SPENDING (Aug.) annual rate, billions     $456.0      $461.3r    6.0
      CONSUMER SPENDING (Aug.) billions               $4,419.5    $4,403.9r    7.0
      PERSONAL INCOME (Aug.) annual rate, billions    $5,428.1    $5,357.8r    6.1
      PURCHASING MANAGERS' INDEX (Sept.)                  49.7%       49.3%    2.1
      Sources: Census Bureau, Commerce Dept., National Association  of Purchasing 
      Management
      
      MONETARY INDICATORS
                                             Latest        Week       % Change
                                               week        ago        year ago
      MONEY SUPPLY, M1 (9/20)               $1,113.6     $1,103.9r       12.4
      BANKS' BUSINESS LOANS (9/22)             270.7        271.2        -2.5
      FREE RESERVES (9/29)                   1,024          344r        116.0
      NONFINANCIAL COMMERCIAL PAPER (9/22)     160.6        162.8        11.8
      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 (10/5)                       3.04%       3.08%       3.20%
      PRIME (10/6)                               6.00        6.00        6.00    
      COMMERCIAL PAPER 3-MONTH (10/5)            3.26        3.18        3.16    
      CERTIFICATES OF DEPOSIT 3-MONTH (10/6)     3.23        3.09        3.09    
      EURODOLLAR 3-MONTH (10/1)                  3.14        3.06        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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