Business Week Index
PRODUCTION Change from last week: 0.6% Change from last year: 3.6% The production index increased during the week ended July 2. Seasonally adjusted output of autos, trucks, coal, steel, and lumber, as well as rail-freight traffic, rose. Crude-oil refining and paper production levels were unchanged from the previous week, while paperboard and electric power output fell. Before calculation of the four-week moving average, the index increased to 199.1, from 197.6. The index rose to 197 in June, from May's reading of 194. BW production index copyright 1994 Bloomberg L.P. LEADING Change from last week: 0% Change from last year: 7.1% The leading index was unchanged during the week ended July 2. Sharply faster growth in real estate loans offset lower stock prices, higher bond yields, and slower growth in materials prices. The M2 growth rate was unchanged, while data for large-business failures were unavailable. Before calculation of the four-week moving average, the index rose to 238.3, from 237. For the month of June, the index increased to 237.9, from 236.3 in May. Leading index copyright 1994 by Center for International Business Cycle Research
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