Business Week Index

      PRODUCTION INDICATORS
                                           Latest      Week    % Change
                                             week       ago     year ago
      STEEL (12/4) thous. of net tons       1,856      1,816#      8.7
      AUTOS (12/4) units                  142,291      84,649 r#   7.4
      TRUCKS (12/4) units                 106,207      64,311 r#   5.9
      ELECTRIC POWER (12/4) millions of 
      kilowatt-hours                       57,218      55,093#    -2.2
      CRUDE-OIL REFINING (12/4) thous. 
      of bbl./day                          13,846      13,580#     1.8
      COAL (11/27) thous. of net tons      15,110#      19,492    -20.7
      PAPERBOARD (11/27) thous. of tons     834.7#       852.7   r 0.8
      PAPER (11/27) thous. of tons          809.0#       816.0   r 1.3
      LUMBER (11/27) millions of ft.        309.4#       494.2     -34.9
      RAIL FREIGHT (11/27) billions of 
      ton-miles                              17.8#        23.1      2.9
      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 (12/8)       109      108       124
      GERMAN MARK (12/8)       1.71      1.72      1.58
      BRITISH POUND (12/8)     1.49      1.48      1.55
      FRENCH FRANC (12/8)      5.87      5.94      5.39
      CANADIAN DOLLAR (12/8)   1.32      1.34      1.27
      SWISS FRANC (12/8)       1.47      1.50      1.41
      MEXICAN PESO (12/8)3    3.104      3.104      3.108
      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 (12/8) $/troy oz.                   382.300      373.100    14.6
      STEEL SCRAP (12/7) #1 heavy, $/ton        137.50      137.50     54.5
      FOODSTUFFS (12/7) index, 1967=100          222.3      221.3      9.4
      COPPER (12/4)  /lb.                         74.5      79.5      -26.2
      ALUMINUM (12/4)  /lb.                       50.8      51.3      -7.6
      WHEAT (12/4) #2 hard, $/bu.                 3.85      3.88       1.0
      COTTON (12/4) strict low middling 1-1/16 
      in.,  /lb.                                 59.14      59.10      14.1
      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 (12/3) S&P 500           462.80      461.73       7.4
      CORPORATE BOND YIELD, Aaa (12/3)       6.95%       6.98%     -13.8
      INDUSTRIAL MATERIALS PRICES (12/3)      93.4        94.2      -3.6
      BUSINESS FAILURES (11/22)    320         355      -17.9
      REAL ESTATE LOANS (11/20) billions    $406.7      $407.1 r     0.6
      MONEY SUPPLY, M2 (11/18) billions   $3,514.2      $3,513.4 r   1.4
      INITIAL CLAIMS, UNEMPLOYMENT (11/16) 
      thous.                                   338       338         -6.1
      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
      BUSINESS WEEK PRODUCTION INDEX (Nov.)    195.8      193.7      7.0
      BUSINESS WEEK LEADING INDEX (Nov.)       230.3      228.8 r    6.9
      EMPLOYMENT, CIVILIAN (Nov.) millions     119.9      119.5      1.9
      UNEMPLOYMENT RATE, CIVILIAN (Nov.)        6.8%       6.7%      -8.1
      Sources: BW, CIBCR, BLS
      
      MONETARY INDICATORS
                                            Latest        Week      % Change
                                             week         ago      year ago
      MONEY SUPPLY, M1 (11/22)            $1,124.8      $1,123.1r   10.9
      BANKS' BUSINESS LOANS (11/24)          272.7      273.7r      -3.2
      FREE RESERVES (11/24)                  1,031r      931r      -15.7
      NONFINANCIAL COMMERCIAL PAPER (11/24)  159.7      159.5        6.5
      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 (12/7)                      2.67%     3.16%     2.94%
      PRIME (12/8)                              6.00      6.00      6.00   
      COMMERCIAL PAPER 3-MONTH (12/7)           3.42      3.44      3.74   
      CERTIFICATES OF DEPOSIT 3-MONTH (12/8)    3.33      3.35      3.54   
      EURODOLLAR 3-MONTH (12/3)                 3.38      3.38      3.80   
      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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