Business Week Index

TABLE: PRODUCTION INDICATORS
                                         Latest          Week    % Change
                                          week           ago     year ago
      STEEL (2/5) thous. of net tons     1,859          1,800    #    4.0
      AUTOS (2/5) units                150,726        151,791    r#  24.7
      TRUCKS (2/5) units               122,310        127,556    r#  29.3
      ELECTRIC POWER (2/5) millions of
      kilowatt-hours                    63,872        61,008    #    8.4
      CRUDE-OIL REFINING (2/5) thous.
      of bbl./day                       13,201        13,018    #    2.3
      COAL (1/29) thous. of net tons    21,029    #    15,409       -0.6
      PAPERBOARD (1/29) thous. of tons      NA    #    NA             NA
      PAPER (1/29) thous. of tons           NA    #    NA             NA
      LUMBER (1/29) millions of ft.      489.2    #    471.7        -1.6
      RAIL FREIGHT (1/29) billions of
      ton-miles                           21.6    #    17.2          -0.5
      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
      
      
TABLE: FOREIGN EXCHANGE
                            Latest       Week        Year
                             week         ago        ago
      JAPANESE YEN (2/9)      108         108        121
      GERMAN MARK (2/9)      1.76        1.73        1.65
      BRITISH POUND (2/9)    1.46        1.49        1.42
      FRENCH FRANC (2/9)     5.97        5.88        5.57
      CANADIAN DOLLAR (2/9)  1.34        1.33        1.25
      SWISS FRANC (2/9)      1.48        1.45        1.53
      MEXICAN PESO (2/9)3    3.105      3.105        3.097
      Sources: Major New York banks. Currencies expressed in units per U.S. dollar, except for British pound expressed in dollars
      
      
TABLE: PRICES
                                            Latest          Week    % Change
                                             week           ago     year ago
      GOLD (2/9) $/troy oz.               380.750        384.700        15.4
      STEEL SCRAP (2/8) #1 heavy, $/ton    139.50         139.50        27.4
      FOODSTUFFS (2/7) index, 1967=100      217.9          219.6        10.3
      COPPER (2/5) cents/lb.                 92.8           90.3        -10.9
      ALUMINUM (2/5) cents/lb.               60.8           58.5        10.5
      WHEAT (2/5) #2 hard, $/bu.             3.81           3.87        -0.5
      COTTON (2/5) strict low middling
      1-1/16 in., cents/lb.                 72.25          69.39        34.7
      Sources: London Wednesday final setting, Chicago market, Commodity Research Bureau, Metals Week, Kansas City market, Memphis market
      
      
TABLE: LEADING INDICATORS
                                               Latest          Week    % Change
                                                week           ago       year ago
      STOCK PRICES (2/4) S&P 500              478.75         474.37         7.3
      CORPORATE BOND YIELD, Aaa (2/4)           6.93 %         6.91    %  -10.9
      INDUSTRIAL MATERIALS PRICES (2/4)         96.5           95.9        -3.0
      BUSINESS FAILURES (1/28)                   316            292       -21.8
      REAL ESTATE LOANS (1/26) billions       $417.5         $419.4    r    1.9
      MONEY SUPPLY, M2 (1/24) billions      $3,539.7       $3,540.7    r    2.6
      INITIAL CLAIMS, UNEMPLOYMENT (1/22)
      thous.                                     363           365r        3.1
      Sources: Standard & Poor's, Moody's, Journal of Commerce (index: 1980=100), Dun & Bradstreet (failures of large companies), Federal Reserve, Labor Dept. CIBCR seasonally adjusts data on business failures and real estate loans
      
      
TABLE: MONTHLY ECONOMIC INDICATORS
                                                 Latest        Week    % Change
                                                 week          ago     year ago
      BUSINESS WEEK PRODUCTION INDEX (Jan.)      191.8        195.4    r    3.2
      BUSINESS WEEK LEADING INDEX (Jan.)         233.6        234.6    r    8.3
      EMPLOYMENT, CIVILIAN (Jan.) millions       122.0        120.7         3.2
      UNEMPLOYMENT RATE, CIVILIAN (Jan.)           6.7 %        7.0 %       NM
      Sources: BW, CIBCR, BLS
      
      
TABLE: MONETARY INDICATORS
                                            Latest          Month      % Change
                                            month            ago      year ago
      MONEY SUPPLY, M1 (1/24)            $1,136.0        $1,132.6    r    9.9
      BANKS' BUSINESS LOANS (1/26)          278.8           278.8        -1.0
      FREE RESERVES (2/2)                   1,307           1,582    r   11.8
      NONFINANCIAL COMMERCIAL PAPER (1/26)  154.7           154.4         5.7
      Sources: Federal Reserve (in billions, except for free reserves, which are expressed for a two-week period in millions)
      
      
TABLE: MONEY MARKET RATES
                                                Latest      Week        Year
                                                week         ago         ago
      FEDERAL FUNDS (2/8)                       3.24 %      3.25 %      2.92 %
      PRIME (2/9)                               6.00        6.00        6.00
      COMMERCIAL PAPER 3-MONTH (2/8)            3.49        3.17        3.18
      CERTIFICATES OF DEPOSIT 3-MONTH (2/8)     3.42        3.16        3.12
      EURODOLLAR 3-MONTH (2/4)                  3.20        3.13        3.18
      Sources: Federal Reserve, 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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