Business Week Index

The production index dipped in the week ended Apr. 10. The unaveraged index

increased to 142.3, from 141.8. After seasonal adjustment, steel production

dropped 2.4%, and even steel-recycling levels have dropped because of

production cutbacks caused by the record increases in foreign-steel imports.

Truck production was also down. Output of autos, electricity, oil, coal,

lumber, and rail-freight traffic advanced in the latest week.

LEADING INDICATORS

LATEST WEEK YEARLY

WEEK AGO % CHG

ECRI LEADING INDEX (4/9) 1992=100 120.7 121.5r -1.9

STOCK PRICES (4/16) S&P 500 1319.00 1348.35 17.5

CORPORATE BOND YIELD, Aaa (4/16) 6.65% 6.54% -0.3

MONEY SUPPLY, M2 (4/5) billions $4,478.8 $4,470.7r 7.7

INITIAL CLAIMS, UNEMPLOYMENT (4/9) thous. 316 302r 4.6

MORTGAGE APPLICATIONS, PURCHASE (4/16) 288.2 251.2 26.8

MORTGAGE APPLICATIONS, REFINANCE (4/16) 1,155.7 1,203.9 6.3

Sources: Economic Cycle Research Institute, Standard & Poor's, Moody's,

Federal Reserve, Labor Dept., Mortgage Bankers Assn. (Index: March 16,

1990=100)

INTEREST RATES

LATEST WEEK YEAR

WEEK AGO AGO

FEDERAL FUNDS (4/20) 4.49% 4.66% 5.37%

COMMERCIAL PAPER (4/20) 3-month 4.78 4.79 5.47

CERTIFICATES OF DEPOSIT (4/21) 3-month 4.87 4.88 5.58

FIXED MORTGAGE (4/16) 30-year 6.96 7.01 7.06

ADJUSTABLE MORTGAGE (4/16) one-year 5.80 5.74 5.84

PRIME (4/16) 7.75 7.75 8.50

Sources: Federal Reserve, HSH Associates, Bloomberg Financial Markets

BusinessWeek Index
PRODUCTION INDICATORS
                                                       LATEST      WEEK      YEARLY
                                                       WEEK        AGO       % CHG
      STEEL (4/17) thous. of net tons                  1,875        1,960#  -12.9
      AUTOS (4/17) units                             125,707     104,608r#   18.9
      TRUCKS (4/17) units                            166,047     132,651r#   37.7
      ELECTRIC POWER
      (4/17) millions of kilowatt-hrs.                59,234       58,742#    5.4
      CRUDE-OIL REFINING (4/17) thous. of bbl./day    15,004       14,996#   -1.0
      COAL (4/10) thous. of net tons                  20,195#      19,520    -0.9
      LUMBER (4/10) millions of ft.                    515.2#       507.4     6.9
      RAIL FREIGHT (4/10) billions of ton-miles         25.8#        24.8     0.4
      
      Sources: American Iron & Steel Institute, Ward's Automotive Reports, Edison 
      Electric Institute, American Petroleum Institute, Energy Dept., WWPA1, SFPA2, 
      Association of American Railroads
      
      PRICES
                                                      LATEST     WEEK        YEARLY
                                                       WEEK       AGO        % CHG
      GOLD (4/21) $/troy oz.                         283.250     283.400     -9.4
      STEEL SCRAP (4/20) #1 heavy, $/ton               77.00       77.00    -42.3
      COPPER (4/16)  cents/lb.                          69.4        67.1    -20.0
      ALUMINUM (4/16)  cents/lb.                        63.0        61.0     -9.7
      COTTON (4/16) strict
      low middling 1-1/16 in.,  cents/lb.              59.98       61.47     -1.8
      OIL (4/20) $/bbl.                                17.53       16.54     15.9
      CRB FOODSTUFFS (4/20) 1967=100                  190.28      188.74    -17.9
      CRB RAW INDUSTRIALS (4/20) 1967=100             258.29      256.28    -14.0
      
      Sources: London Wednesday final setting, Chicago market, Metals Week, Memphis 
      market, NYMEX, Commodity Research Bureau
      
      FOREIGN EXCHANGE
                                                       LATEST     WEEK        YEAR
                                                       WEEK       AGO         AGO
      BRAZILIAN REAL (4/21)                          1.7275      1.6725     1.1423
      BRITISH POUND (4/21)                             1.61        1.61       1.67
      CANADIAN DOLLAR (4/21)                           1.49        1.49       1.43
      EUROPEAN EURO (4/21)                           1.0610      1.0802         NA
      JAPANESE YEN (4/21)                            119.64      118.75     130.51
      KOREAN WON (4/21)                              1188.0      1214.0     1374.0
      MEXICAN PESO (4/21)3                            9.370       9.513      8.449
      TRADE-WEIGHTED DOLLAR INDEX (4/21)              109.9       109.2      109.9
      
      Sources: Major New York banks. Currencies expressed in units per U.S. dollar, 
      except for British Pound and European Euro in dollars. Trade-weighted dollar 
      via J.P. Morgan.
      
      #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
      
      
      
Before it's here, it's on the Bloomberg Terminal.
LEARN MORE