Business Week Index

BusinessWeek Index
PRODUCTION INDICATORS
                                             LATEST    WEEK      YEARLY
                                             WEEK      AGO       % CHG
      STEEL (3/16) thous. of net tons        2,042     2,101#    -1.5
      AUTOS (3/16) units                     77,849    115,294r# -44.4
      TRUCKS (3/16) units                    99,162    128,013r# -17.2
      ELECTRIC POWER (3/16) millions
       of kilowatt-hrs.                      59,338    62,056#   9.1
      CRUDE-OIL REFINING (3/16)
       thous. of bbl./day                    13,677    13,647#   2.1
      COAL (3/9) thous. of net tons          21,102#   21,615    4.3
      PAPERBOARD (3/9) thous. of tons        NA#       NA        NA
      PAPER (3/9) thous. of tons             NA#       NA        NA
      LUMBER (3/9) millions of ft.           448.3#    440.1     -1.0
      RAIL FREIGHT (3/9) billions
       of ton-miles                          25.3#     25.9      4.5
      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 (3/15) S&P 500            639.59    649.15    29.7
      CORPORATE BOND YIELD, Aaa (3/15)       7.42%     7.21%     -7.7
      INDUSTRIAL MATERIALS PRICES (3/15)     108.6     108.8     -4.8
      BUSINESS FAILURES (3/8)                NA        326       NA
      REAL ESTATE LOANS (3/6) billions       $508.7    $505.1r   8.7
      MONEY SUPPLY, M2 (3/4) billions        $3,647.9  $3,662.6r 1.8
      INITIAL CLAIMS, UNEMPLOYMENT
       (3/2) thous.                          363       358r      7.4
      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.
      
      PRICES
                                             LATEST    WEEK      YEARLY
                                             WEEK      AGO       % CHG
      GOLD (3/20) $/troy oz.                 394.900   396.500   3.2
      STEEL SCRAP (3/19) #1 heavy, $/ton     139.00    139.00    1.1
      COPPER (3/16)  cents/lb.               123.1     122.2     -14.3
      ALUMINUM (3/16)  cents/lb.             76.0      75.3      -14.1
      COTTON (3/16) strict low
       middling 1-1/16 in.,  cents/lb.       80.61     79.85     -25.8
      OIL (3/19) $/bbl.                      24.34     20.46     32.1
      Sources: London Wednesday final setting, Chicago market, Metals Week, Memphis 
      market, NYMEX
      
      INTEREST RATES
                                             LATEST    WEEK      YEAR
                                             WEEK      AGO       AGO
      FEDERAL FUNDS (3/19)                   5.20%     5.25%     5.97%
      COMMERCIAL PAPER (3/20) 3-month        5.36      5.34      6.14
      CERTIFICATES OF DEPOSIT (3/20) 3-month 5.33      5.30      6.12
      FIXED MORTGAGE (3/15) 30-year          8.06      7.63      8.62
      ADJUSTABLE MORTGAGE (3/15) one-year    5.82      5.48      6.55
      PRIME (3/20)                           8.25      8.25      9.00
      Sources: Federal Reserve, HSH Associates, Reuters Holdings PLC
      
      FOREIGN EXCHANGE
                                             LATEST    WEEK      YEAR
                                             WEEK      AGO       AGO
      JAPANESE YEN (3/20)                    106.44    105.34    88.35
      GERMAN MARK (3/20)                     1.47      1.47      1.41
      BRITISH POUND (3/20)                   1.54      1.52      1.60
      FRENCH FRANC (3/20)                    5.05      5.04      4.97
      ITALIAN LIRA (3/20)                    1556.5    1564.8    1725.0
      CANADIAN DOLLAR (3/20)                 1.36      1.37      1.40
      MEXICAN PESO (3/20)3                   7.528     7.590     6.920
      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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