business

Business Week Index

PRODUCTION INDICATORS
                                          LATEST       WEEK         YEARLY
                                          WEEK         AGO          % CHG
      STEEL (10/7) thous. of net tons     1,951        1,934#       1.2
      AUTOS (10/7) units                  135,355      141,900r#    0.8
      TRUCKS (10/7) units                 127,141      127,757r#    9.4
      ELECTRIC POWER (10/7)
       millions of kilowatt-hrs.          59,654       58,979#      4.2
      CRUDE-OIL REFINING (10/7)
       thous. of bbl./day                 14,217       14,489r#     3.3
      COAL (9/30) thous. of net tons      20,641#      20,650       -0.4
      PAPERBOARD (9/30) thous. of tons    855.8#       860.5r       -6.5
      PAPER (9/30) thous. of tons         821.0#       832.0r       -1.3
      LUMBER (9/30) millions of ft.       481.2#       477.7        0.0
      RAIL FREIGHT (9/30)
       billions of ton-miles              25.6#        25.3         2.4
      
      Sources: American Iron & Steel Institute, Ward's Automotive Reports, Edison 
      Electric Institute, American Petroleum Institute, Energy Dept., American Forest 
      & Paper Association, WWPA1, SFPA2, Association of American Railroads
      
      LEADING INDICATORS
                                          LATEST       WEEK         YEARLY
                                          WEEK         AGO          % CHG
      STOCK PRICES (10/7) S&P 500         582.13       582.91       27.4
      CORPORATE BOND YIELD, Aaa (10/7)    7.20%        7.33%        -16.0
      INDUSTRIAL MATERIALS PRICES (10/7)  111.6        112.2        NA*
      BUSINESS FAILURES (9/29)            NA           313          NA
      REAL ESTATE LOANS (9/27) billions   $497.3       $496.3r      11.9
      MONEY SUPPLY, M2 (9/25) billions    $3,723.2     $3,722.8r    4.0
      INITIAL CLAIMS, UNEMPLOYMENT
       (9/23) thous.                      335          366          8.1
      
      Sources: Center for International Business Cycle Research (CIBCR), Standard & 
      Poor's, Moody's, Journal of Commerce (index: 1990=100), Dun & Bradstreet 
      (failures of large companies), Federal Reserve, Labor Dept. CIBCR seasonally 
      adjusts data on business failures and real estate loans. *Historical data 
      available from CIBCR.
      
      PRICES
                                          LATEST       WEEK         YEARLY
                                          WEEK         AGO          % CHG
      GOLD (10/11) $/troy oz.             384.500      382.500      -1.4
      STEEL SCRAP (10/10)
       #1 heavy, $/ton                    140.50       143.50       5.2
      COPPER (10/6)  cents/lb.            133.8        136.7        10.1
      ALUMINUM (10/6)  cents/lb.          81.5         82.0         1.9
      COTTON (10/6) strict low
       middling 1-1/16 in.,  cents/lb.    88.41        88.65        33.4
      OIL (10/10) $/bbl.                  17.28        17.57        -2.4
      
      Sources: London Wednesday final setting, Chicago market, Metals Week, Memphis 
      market, NYMEX
      
      INTEREST RATES
                                          LATEST       WEEK         YEAR
                                          WEEK         AGO          AGO
      FEDERAL FUNDS (10/10)               5.74%        5.75%        4.62%
      COMMERCIAL PAPER (10/10) 3-month    5.83         5.81         5.51
      CERTIFICATES OF DEPOSIT
       (10/11) 3-month                    5.79         5.78         5.49
      FIXED MORTGAGE (10/6) 30-year       7.78         7.89         9.03
      ADJUSTABLE MORTGAGE (10/6) one-year 5.82         5.79         5.80
      PRIME (10/11)                       8.75         8.75         7.75
      
      Sources: Federal Reserve, HSH Associates, Reuters Holdings PLC
      
      FOREIGN EXCHANGE
                                          LATEST       WEEK         YEAR
                                          WEEK         AGO          AGO
      JAPANESE YEN (10/11)                101.01       101.17       99.94
      GERMAN MARK (10/11)                 1.42         1.44         1.54
      BRITISH POUND (10/11)               1.57         1.58         1.59
      FRENCH FRANC (10/11)                4.98         4.96         5.27
      ITALIAN LIRA (10/11)                1606.5       1613.3       1570.4
      CANADIAN DOLLAR (10/11)             1.33         1.33         1.35
      MEXICAN PESO (10/11)3               6.745        6.535        3.417
      
      Sources: Major New York banks. Currencies expressed in units per U.S. dollar, 
      except for British pound in dollars
      
      #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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