PRODUCTION AND LEADING INDEXES
      
      The production index fell during the week ended Feb. 25. But before calculation 
      of the four-week moving average, the index rose to 122.4, from a revised 121.7. 
      Stronger coal, steel, and paper output and rail-freight traffic led the 
      increase.
      The leading index was nearly unchanged for the latest week. The unaveraged 
      index, at 254.2, also moved very little compared with the previous week's 
      reading of 254.3.
      BW production index copyright 1994 Bloomberg L.P.   BW leading index 
      copyright 1994 by CIBCR
      
      PRODUCTION INDICATORS
      
                                                       LATEST      WEEK     YEARLY
                                                        WEEK        AGO      % CHG
      
      STEEL (3/4) thous. of net tons                   1,997      2,046#       6.3
      AUTOS (3/4) units                              141,000    146,490r#     -4.2
      TRUCKS (3/4) units                             119,483    118,238r#      3.3
      ELECTRIC POWER (3/4) millions of kilowatt-hrs.  60,720     58,157#       2.4
      CRUDE-OIL REFINING (3/4) thous. of bbl./day     13,647     13,334#       6.8
      COAL (2/25) thous. of net tons                  23,079#    21,024        6.1
      PAPERBOARD (2/25) thous. of tons                 934.0#     943.6r       5.3
      PAPER (2/25) thous. of tons                      855.0#     845.0r       1.9
      LUMBER (2/25) millions of ft.                    432.3#     437.7      -12.4
      RAIL FREIGHT (2/25) billions of ton-miles         24.7#      23.6        8.3
      
      Sources: American Iron & Steel Institute, Ward's Automotive Reports, Edison 
      Electric Institute, American Petroleum Institute, Energy Dept., American Forest 
      & Paper Association, WWPA1, SFPA2, Association of American Railroads
      
      LEADING INDICATORS
      
                                              LATEST            WEEK        YEARLY
                                                WEEK             AGO         % CHG
      
      STOCK PRICES (3/3) S&P 500              485.48          485.71          4.4
      CORPORATE BOND YIELD, Aaa (3/3)           8.15%           8.23%        10.7
      INDUSTRIAL MATERIALS PRICES (3/3)        113.0           113.1           NA*
      BUSINESS FAILURES (2/24)                    NA             301           NA
      REAL ESTATE LOANS (2/22) billions       $467.1          $466.6r        11.6
      MONEY SUPPLY, M2 (2/20) billions      $3,585.8        $3,588.5r         1.7
      INITIAL CLAIMS, UNEMPLOYMENT (2/18) thous. 344             348r        -8.3
      
      Sources: Center for International Business Cycle Research (CIBCR), Standard & 
      Poor's, Moody's, Journal of Commerce (index: 1990=100), Dun & Bradstreet 
      (failures of large companies), Federal Reserve, Labor Dept. CIBCR seasonally 
      adjusts data on business failures and real estate loans. *Historical data 
      available from CIBCR.
      
      PRICES
      
                                                              LATEST     WEEK YEARLY
                                                                WEEK      AGO  % CHG
      
      GOLD (3/8) $/troy oz.                                  380.000  375.700    0.9
      STEEL SCRAP (3/7) #1 heavy, $/ton                       141.50   142.50    1.4
      COPPER (3/4)  cents/lb.                                  136.5    138.5   49.6
      ALUMINUM (3/4)  cents/lb.                                 87.5     92.3   42.3
      COTTON (3/4) strict low middling 1-1/16 in.,  cents/lb. 101.39    96.25   38.6
      OIL (3/7) $/bbl.                                         18.62    18.56   31.1
      
      Sources: London Wednesday final setting, Chicago market, Metals Week, Memphis 
      market, NYMEX
      
      FOREIGN EXCHANGE
      
                            LATEST            WEEK            YEAR
                              WEEK             AGO             AGO
      
      JAPANESE YEN (3/8)     90.48           96.76          105.13
      GERMAN MARK (3/8)       1.38            1.47            1.68
      BRITISH POUND (3/8)     1.63            1.58            1.50
      FRENCH FRANC (3/8)      4.94            5.15            5.73
      ITALIAN LIRA (3/8)    1650.5          1643.5          1666.0
      CANADIAN DOLLAR (3/8)   1.41            1.40            1.36
      MEXICAN PESO (3/8)3    6.715           5.905           3.270
      
      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 (3/7)                     5.93%           6.10%           3.25%
      COMMERCIAL PAPER (3/7) 3-month          6.18            6.13            3.84
      CERTIFICATES OF DEPOSIT (3/8) 3-month   6.21            6.13            3.77
      FIXED MORTGAGE (3/3) 30-year            8.72            8.88            7.62
      ADJUSTABLE MORTGAGE (3/3) one-year      6.51            6.63            4.48
      PRIME (3/8)                             9.00            9.00            6.00
      
      Sources: Federal Reserve, HSH Associates, Reuters Holdings PLC
      
      #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 availabler=revised   NM=Not 
      meaningful
      
Before it's here, it's on the Bloomberg Terminal. LEARN MORE