Business Week Index

PRODUCTION INDICATORS
                                            Latest     Week    % Change
                                             week      ago      year ago
      STEEL (3/12) thous. of net tons       1,892      1,872   #   4.9
      AUTOS (3/12) units                  145,320      147,157 r#   9.5
      TRUCKS (3/12) units                 116,397      115,614 r#   13.8
      ELECTRIC POWER (3/12) millions of
      kilowatt-hours                       56,932      59,312   #   0.5
      CRUDE-OIL REFINING (3/12) thous. of
      bbl./day                             12,935      12,780   #   0.3
      COAL (3/5) thous. of net tons        21,259   #  21,743      16.0
      PAPERBOARD (3/5) thous. of tons        NA   #     879.3   r   NA
      PAPER (3/5) thous. of tons             NA   #     849.0   r   NA
      LUMBER (3/5) millions of ft.          492.1   #   493.5      0.6
      RAIL FREIGHT (3/5) billions of
      ton-miles                              21.6   #    21.6      4.9
      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 (3/16)        106      106        116
      GERMAN MARK (3/16)        1.69      1.71      1.64
      BRITISH POUND (3/16)      1.49      1.49      1.48
      FRENCH FRANC (3/16)       5.75      5.81      5.60
      CANADIAN DOLLAR (3/16)    1.36      1.35      1.24
      SWISS FRANC (3/16)        1.43      1.43      1.51
      MEXICAN PESO (3/16)3     3.295     3.245      3.116
      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 (3/16) $/troy oz.              385.500   375.300      17.3
      STEEL SCRAP (3/15) #1 heavy, $/ton   139.50    139.50      28.6
      FOODSTUFFS (3/15) index, 1967=100     222.7     221.8      10.5
      COPPER (3/12) cents/lb.                92.3      91.2      -7.8
      ALUMINUM (3/12) cents/lb.              61.5      61.5      15.5
      WHEAT (3/12) #2 hard, $/bu.            3.56      3.71      -2.7
      COTTON (3/12) strict low middling
      1-1/16 in., cents/lb.                 73.02      73.15      26.7
      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 (3/11) S&P 500           466.04      464.83       2.7
      CORPORATE BOND YIELD, Aaa (3/11)       7.44   %     7.36   %  -1.3
      INDUSTRIAL MATERIALS PRICES (3/11)     96.7         96.8      -4.5
      BUSINESS FAILURES (3/4)                 349          349      -14.3
      REAL ESTATE LOANS (3/2) billions     $416.1       $414.2   r   2.0
      MONEY SUPPLY, M2 (2/28) billions   $3,536.6     $3,530.6   r   2.7
      INITIAL CLAIMS, UNEMPLOYMENT (2/26)
      thous.                                  314          375      -16.5
      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
      
      
MONTHLY ECONOMIC INDICATORS
                                                  Latest      Month   % Change
                                                   month      ago      year ago
      INDUSTRIAL PRODUCTION (Feb.) total index     115.1      114.6   r   4.7
      CAPACITY UTILIZATION (Feb.)                   83.4  %    83.3   %r  2.7
      RETAIL SALES (Feb.) billions                $181.6     $178.9   r   7.5
      PRODUCER PRICE INDEX (Feb.) finished goods   125.1      124.5       0.2
      Sources: Federal Reserve, Census Bureau, BLS
      
      
MONETARY INDICATORS
                                           Latest         Week     % Change
                                             week          ago      year ago
      MONEY SUPPLY, M1 (2/28)             $1,140.8      $1,139.2   r   10.1
      BANKS' BUSINESS LOANS (3/2)            284.0         281.1   r   -0.1
      FREE RESERVES (3/2)                    1,154   r     1,053   r   124.1
      NONFINANCIAL COMMERCIAL PAPER (3/2)    154.5         151.7      4.1
      Sources: Federal Reserve (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 (3/15)                    3.25%     3.24%     3.04%
      PRIME (3/16)                            6.00      6.00      6.00
      COMMERCIAL PAPER 3-MONTH (3/15)         3.85      3.84      3.18
      CERTIFICATES OF DEPOSIT 3-MONTH (3/16)  3.75      3.76      3.11
      EURODOLLAR 3-MONTH (3/11)               3.75      3.68      3.13
      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