SOUTHLAND STATS

BUSINESS STARTS AND FAILURES IN LOS ANGELES

Business Starts Business Failures First Quarter First Quarter % % 1987 1986 Change 1987 1986 Change Agriculture, forestry & fishing 0 0 0.0 1 0 -- Mining 0 1 -100.0 0 0 0.0 Construction 13 12 8.3 5 2 150.0 Manufacturing 66 85 -22.4 23 12 91.7 Transportation & public utilities 25 19 31.6 6 2 200.0 Wholesale trade 94 145 -35.2 19 12 58.3 Retail trade 173 141 22.7 21 18 16.7 Finance, insurance & real estate 43 44 -2.3 10 6 66.7 Services 150 178 -15.7 73 33 121.2 Unclassifiable 51 2 -- 0 1 -- Total 615 627 -1.9 158 86 83.7

Source: Dun & Bradstreet Corp.