Business Week Index

The production index continued to slip in the week ended Feb. 28. The unaveraged index also fell, from a revised Feb. 21 figure of 131.6, to 130.3. The monthly index for February was 131.1, down 1.5% from 133.1 in January. Continued rain and mud slides in Southern California as well as heavy winds and snow in the Powder River Basin, caused large declines in rail-freight traffic and coal output. Steel, autos, and electric production were also down. Trucks, oil, and lumber output posted small gains.

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