Business Week Index

The production index was down in the week ended Dec. 26. Before calculation of the four-week moving average, the index also fell, to 141.8 from 142.9 in the previous week. After seasonal adjustment, output of coal, lumber, and rail-freight traffic were down--mostly due to the typical holiday week volatility and, in the case of lumber, weather problems in the Pacific Northwest. Output of steel, autos, trucks, electric power, and crude oil increased.

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