Business Week Index

PRODUCTION INDEX

The production index edged down slightly during the week ended Sept. 7. It was

the third consecutive decline. However, before calculation of the four-week

moving average, the index increased to 134, from 132.7. Seasonally adjusted

output of autos, trucks, and electric power increased strongly, offsetting

drops in lumber output and rail-freight traffic.

The leading index will be unavailable for an indefinite period of time.

BW production index copyright 1996 Bloomberg L.P.

BusinessWeek Index
PRODUCTION INDICATORS
      
                                                     LATEST     WEEK      YEARLY
                                                     WEEK       AGO       % CHG
      STEEL (9/14) thous. of net tons                1,987      1,984#     1.0
      AUTOS (9/14) units                             129,848    106,377r#  3.8
      TRUCKS (9/14) units                            122,476    98,539r#  -2.3
      ELECTRIC POWER (9/14) millions of kilowatt-hrs.67,649     68,437#    5.4
      CRUDE-OIL REFINING (9/14) thous. of bbl./day   14,490     14,415#   -0.3
      COAL (9/7) thous. of net tons                  21,309#    22,045     7.4
      LUMBER (9/7) millions of ft.                   405.9#     507.1      4.1
      RAIL FREIGHT (9/7) billions of ton-miles       24.0#      26.7      -1.6
      
      Sources: American Iron & Steel Institute, Ward's Automotive Reports, Edison 
      Electric Institute, American Petroleum Institute, Energy Dept., American Forest 
      & Paper Association, WWPA*, SFPA**, Association of American Railroads
      
      LEADING INDICATORS
      
                                                    LATEST     WEEK       YEARLY
                                                     WEEK       AGO        % CHG
      STOCK PRICES (9/13) S&P 500                    680.54    655.68      17.5
      CORPORATE BOND YIELD, Aaa (9/13)               7.87%     7.91%       6.2
      INDUSTRIAL MATERIALS PRICES (9/13)             110.3     110.7      -2.4
      BUSINESS FAILURES (9/6)                        NA        NA          NA
      REAL ESTATE LOANS (9/4) billions              $525.9    $523.4r      6.0
      MONEY SUPPLY, M2 (9/2) billions                NA        NA          NA
      INITIAL CLAIMS, UNEMPLOYMENT (9/7) thous.      338       317r       -7.9
      
      Sources: Standard & Poor's, Moody's, Journal of Commerce (index: 1990=100), Dun 
      & Bradstreet (failures of large companies), Federal Reserve, Labor Dept.
      
      PRICES
      
                                         LATEST       WEEK       YEARLY
                                         WEEK         AGO        % CHG
      GOLD (9/18) $/troy oz.             383.000      383.500    -0.5
      STEEL SCRAP (9/17) #1 heavy, $/ton 136.50       136.50     -4.9
      COPPER (9/13)  cents/lb.           92.3         96.4       -30.9
      ALUMINUM (9/13)  cents/lb.         68.0         70.5       -17.1
      COTTON (9/14) strict low
       middling 1-1/16 in.,  cents/lb.   75.46        76.21      -16.2
      OIL (9/17) $/bbl.                  23.53        24.19r      23.8
      CRB FOODSTUFFS INDEX (9/17)
       1967=100                          265.05       269.07      10.8
      CRB RAW INDUSTRIALS
       INDEX (9/17) 1967=100             342.77       346.47      3.2
      
      Sources: London Wednesday final setting, Chicago market, Metals Week, Memphis 
      market, NYMEX, Commodity Research Bureau
      
      FOREIGN EXCHANGE
                                        LATEST         WEEK     YEAR
                                         WEEK           AGO      AGO
      JAPANESE YEN (9/18)               109.09         110.24   99.83
      GERMAN MARK (9/18)                1.51           1.51     1.43
      BRITISH POUND (9/18)              1.56           1.55     1.58
      FRENCH FRANC (9/18)               5.14           5.15     4.94
      ITALIAN LIRA (9/18)               1523.5         1524.0   1608.0
      CANADIAN DOLLAR (9/18)            1.37           1.37     1.35
      MEXICAN PESO (9/18)***            7.483          7.547    6.320
      
      Sources: Major New York banks. Currencies expressed in units per U.S. dollar, 
      except for British pound in dollars
      
      INTEREST RATES
      
                                        LATEST          WEEK     YEAR
                                         WEEK           AGO       AGO
      FEDERAL FUNDS (9/17)              5.02%          5.10%     5.78%
      COMMERCIAL PAPER (9/18) 3-month   5.52           5.53      5.70
      CERTIFICATES OF DEPOSIT (9/18)
       3-month                          5.53           5.53      5.70
      FIXED MORTGAGE (9/13) 30-year     8.46           8.53      7.81
      ADJUSTABLE MORTGAGE (9/13)
       one-year                         6.14           6.09      5.90
      PRIME (9/17)                      8.25           8.25      8.75
      
      Sources: Federal Reserve, HSH Associates, Bloomberg Financial Markets
      
      #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. *=Western Wood Products Assn. **=Southern Forest 
      Products Assn. ***=Free market value NA=Not available r=revised NM=Not 
      meaningful
      
Before it's here, it's on the Bloomberg Terminal.
LEARN MORE