Business Week Index

TABLE: PRODUCTION INDICATORS
                                           Latest     Week       % Change
                                           week       ago        year ago
      STEEL (3/19) thous. of net tons     1,854      1,892   #       4.4
      AUTOS (3/19) units                138,087      147,711   r#   15.7
      TRUCKS (3/19) units               112,297      120,652   r#    7.0
      ELECTRIC POWER (3/19) millions of
      kilowatt-hours                     55,782      56,932   #     -4.6
      CRUDE-OIL REFINING (3/19) thous.
      of bbl./day                        12,828      12,935   #     -2.8
      COAL (3/12) thous. of net tons     20,929  #   21,259          8.6
      PAPERBOARD (3/12) thous. of tons     NA   #     861.4   r       NA
      PAPER (3/12) thous. of tons          NA   #     839.0   r       NA
      LUMBER (3/12) millions of ft.       499.1   #   492.1          0.0
      RAIL FREIGHT (3/12) billions of
      ton-miles                            21.6   #    21.6          4.3
      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
      
      
TABLE: FOREIGN EXCHANGE
                                Latest     Week      Year
                                week       ago       ago
      JAPANESE YEN (3/23)        106      106        116
      GERMAN MARK (3/23)        1.69      1.69      1.64
      BRITISH POUND (3/23)      1.49      1.49      1.49
      FRENCH FRANC (3/23)       5.77      5.75      5.57
      CANADIAN DOLLAR (3/23)    1.36      1.36      1.25
      SWISS FRANC (3/23)        1.43      1.43      1.52
      MEXICAN PESO (3/23)3     3.335      3.295      3.108
      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 (3/23) $/troy oz.                  388.200      385.500      17.3
      STEEL SCRAP (3/22) #1 heavy, $/ton       139.50       139.50      28.6
      FOODSTUFFS (3/21) index, 1967=100         221.1        222.7      7.4
      COPPER (3/19)  cents /lb.                  96.0         92.3      -4.5
      ALUMINUM (3/19)  cents /lb.                62.0         61.5      17.0
      WHEAT (3/19) #2 hard, $/bu.                3.64         3.56      -4.0
      COTTON (3/19) strict low middling
      1-1/16 in.,  cents /lb.                   72.28        73.02      27.9
      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 (3/18) S&P 500               469.16       466.04      4.1
      CORPORATE BOND YIELD, Aaa (3/18)            7.46%       7.44%     -2.0
      INDUSTRIAL MATERIALS PRICES (3/18)          97.4        96.7      -3.8
      BUSINESS FAILURES (3/11)                      NA         349        NA
      REAL ESTATE LOANS (3/9) billions          $416.1      $414.2   r   1.8
      MONEY SUPPLY, M2 (3/7) billions         $3,545.2    $3,536.3   r   3.0
      INITIAL CLAIMS, UNEMPLOYMENT (3/5)
      thous.                                       350         314      -3.0
      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      Month   % Change
                                                         month       ago     year ago
      HOUSING STARTS (Feb.) annual rate, thous.          1,309      1,258   r   9.6
      CONSUMER PRICE INDEX (Feb.)                        146.7      146.3      2.4
      REAL GROSS WEEKLY PAY (Feb.)                     $254.60    $258.36   r   0.1
      BUDGET SURPLUS OR DEFICIT (-) (Feb.) millions   -$41,633    $15,613      -13.6
      Sources: Commerce Dept., BLS, Treasury Dept.
      
      
TABLE: MONETARY INDICATORS
                                               Latest     Week     % Change
                                               week        ago    year ago
      MONEY SUPPLY, M1 (3/7)               $1,140.3   $1,140.7   r   10.4
      BANKS' BUSINESS LOANS (3/9)             283.3      284.3   r   -1.5
      FREE RESERVES (3/16)                    1,098      1,103   r   -8.3
      NONFINANCIAL COMMERCIAL PAPER (3/9)     151.9      154.5        2.4
      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 (3/22)                      3.44%     3.25%     2.93%
      PRIME (3/23)                              6.00      6.00      6.00
      COMMERCIAL PAPER 3-MONTH (3/22)           3.92      3.85      3.16
      CERTIFICATES OF DEPOSIT 3-MONTH (3/23)    3.78      3.75      3.11
      EURODOLLAR 3-MONTH (3/18)    3.75      3.75      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
      

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