Business Week Index

PRODUCTION INDICATORS
                                           LATEST   WEEK       YEARLY
                                           WEEK     AGO        % CHG
      STEEL (10/14) thous. of net tons     1,852    1,951#     -3.1
      AUTOS (10/14) units                  129,938  130,721r#  -7.2
      TRUCKS (10/14) units                 121,914  121,619r#  1.4
      ELECTRIC POWER (10/14)
       millions of kilowatt-hrs.           57,917   59,654#    5.6
      CRUDE-OIL REFINING (10/14)
       thous. of bbl./day                  13,602   14,217#    0.8
      COAL (10/7) thous. of net tons       19,976#  20,641     7.8
      PAPERBOARD (10/7) thous. of tons     848.0#   855.0r     -4.2
      PAPER (10/7) thous. of tons          828.0#   819.0r     1.8
      LUMBER (10/7) millions of ft.        451.7#   481.2      -5.9
      RAIL FREIGHT (10/7)
       billions of ton-miles               24.9#    25.6       2.5
      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 (10/13) S&P 500         580.59   582.13     24.7
      CORPORATE BOND YIELD, Aaa (10/13)    7.14%    7.20%      -16.0
      INDUSTRIAL MATERIALS PRICES (10/13)  111.1    111.6      NA*
      BUSINESS FAILURES (10/6)             NA       NA         NA
      REAL ESTATE LOANS (10/4) billions    $497.9   $497.3r    11.2
      MONEY SUPPLY, M2 (10/2) billions     $3,721.8 $3,723.8r  4.1
      INITIAL CLAIMS, UNEMPLOYMENT
       (9/30) thous.                       342      335        7.2
      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 (10/18) $/troy oz.              383.650  384.500    -1.2
      STEEL SCRAP (10/17) #1 heavy, $/ton  140.50   140.50     5.2
      COPPER (10/14)  cents/lb.            131.1    133.8      8.6
      ALUMINUM (10/14)  cents/lb.          78.5     81.5       -3.4
      COTTON (10/14) strict low
       middling 1-1/16 in.,  cents/lb.     85.10    88.41      26.8
      OIL (10/17) $/bbl.                   17.64    17.28      1.4
      Sources: London Wednesday final setting, Chicago market, Metals Week, Memphis 
      market, NYMEX
      
      INTEREST RATES
                                           LATEST   WEEK       YEAR
                                           WEEK     AGO        AGO
      FEDERAL FUNDS (10/17)                5.66%    5.74%      4.72%
      COMMERCIAL PAPER (10/17) 3-month     5.81     5.83       5.46
      CERTIFICATES OF DEPOSIT
       (10/18) 3-month                     5.77     5.79       5.47
      FIXED MORTGAGE (10/13) 30-year       7.72     7.78       9.08
      ADJUSTABLE MORTGAGE (10/13) one-year 5.79     5.82       5.98
      PRIME (10/18)                        8.75     8.75       7.75
      Sources: Federal Reserve, HSH Associates, Reuters Holdings PLC
      
      FOREIGN EXCHANGE
                                           LATEST   WEEK       YEAR
                                           WEEK     AGO        AGO
      JAPANESE YEN (10/18)                 100.66   101.01     96.88
      GERMAN MARK (10/18)                  1.42     1.42       1.49
      BRITISH POUND (10/18)                1.57     1.57       1.63
      FRENCH FRANC (10/18)                 4.99     4.98       5.11
      ITALIAN LIRA (10/18)                 1603.1   1606.5     1527.8
      CANADIAN DOLLAR (10/18)              1.34     1.33       1.36
      MEXICAN PESO (10/18)3                6.745    6.745      3.447
      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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