Business Week Index

      PRODUCTION INDICATORS
                                         Latest      Week      % Change
                                          week        ago      year ago
      STEEL (11/13) thous. of net tons   1,893      1,834   #   10.6
      AUTOS (11/13) units              136,804      134,642 r#   6.9
      TRUCKS (11/13) units             110,514      115,612 r#   14.7
      ELECTRIC POWER (11/13) millions 
      of kilowatt-hours                 56,072        56,331  #   1.2
      CRUDE-OIL REFINING (11/13) thous. 
      of bbl./day                       13,658      13,624   #   0.5
      COAL (11/6) thous. of net tons    19,003   #   18,384      -6.2
      PAPERBOARD (11/6) thous. of tons   840.4   #   864.0   r   3.7
      PAPER (11/6) thous. of tons        821.0   #   820.0   r   3.1
      LUMBER (11/6) millions of ft.      476.4   #   483.6      -0.2
      RAIL FREIGHT (11/6) billions of ton-miles   22.8   #   23.0      0.9
      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 (11/17)      107      107       124
      GERMAN MARK (11/17)      1.71      1.70      1.58
      BRITISH POUND (11/17)    1.48      1.47      1.53
      FRENCH FRANC (11/17)     5.91      5.91      5.36
      CANADIAN DOLLAR (11/17)  1.32      1.31      1.28
      SWISS FRANC (11/17)      1.50      1.50      1.42
      MEXICAN PESO (11/17)3   3.215     3.151     3.119
      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 (11/17) $/troy oz.              375.000      374.900      11.9
      STEEL SCRAP (11/16) #1 heavy, $/ton   137.50       137.50      54.5
      FOODSTUFFS (11/16) index, 1967=100     220.8        215.5      9.0
      COPPER (11/13)  /lb.                    80.0         82.8      -20.4
      ALUMINUM (11/13)  /lb.                  49.5         49.5      -6.6
      WHEAT (11/13) #2 hard, $/bu.            3.66         3.50      -1.1
      COTTON (11/13) strict low middling 
      1-1/16 in.,  /lb.                      56.48        56.24      12.3
      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 (11/12) S&P 500         462.46      463.52      9.9
      CORPORATE BOND YIELD, Aaa (11/12)     6.92%      6.85%     -15.0
      INDUSTRIAL MATERIALS PRICES (11/12)    94.0      94.0       -2.1
      BUSINESS FAILURES (11/5)                341      330       -18.2
      REAL ESTATE LOANS (11/3) billions    $404.7      $402.8 r   -0.1
      MONEY SUPPLY, M2 (11/1) billions   $3,494.9      $3,496.0r   0.5
      INITIAL CLAIMS, UNEMPLOYMENT (10/30) 
      thous.                                  340      348      -4.2
      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
      INDUSTRIAL PRODUCTION (Oct.) total index   112.2      111.4 r    4.4
      CAPACITY UTILIZATION (Oct.)                82.4%      81.9%r     2.7
      CONSUMER PRICE INDEX (Oct.)                145.5      144.9      2.7
      RETAIL SALES (Oct.) billions              $177.3      $174.7     6.2
      Sources: Federal Reserve Board, BLS, Census Bureau
      
      MONETARY INDICATORS
                                             Latest      Week         % Change
                                              week       ago         year ago
      MONEY SUPPLY, M1 (11/1)              $1,118.7      $1,114.5r      10.0
      BANKS' BUSINESS LOANS (11/3)            273.4      270.7          -2.6
      FREE RESERVES (11/10)                     900      867   r        36.0
      NONFINANCIAL COMMERCIAL PAPER (11/3)    161.0      158.9          14.1
      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 (11/16)                 3.02%     2.95%     2.97%
      PRIME (11/17)                         6.00      6.00      6.00   
      COMMERCIAL PAPER 3-MONTH (11/16)      3.40      3.39      3.76   
      CERTIFICATES OF DEPOSIT 3-MONTH 
      (11/17)                               3.32      3.33      3.68   
      EURODOLLAR 3-MONTH (11/12)            3.38      3.35      3.61   
      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