PRODUCTION INDEX

The production index was up in the week ended Nov. 29, while the unaveraged

index fell 0.1% to 128.3, from 128.4. After seasonal adjustment, output of raw

steel was up 10.4%. Autos, trucks, and coal also posted gains. Electric power

was down 2.9%, with a 10.1% weekly decrease of available energy in the South

Central region. Rail-freight and lumber production were also down. The monthly

index for November was 127.7, up 0.9% from 126.6 in October, and up 7.1% from a

year ago.

BW production index copyright 1997 Bloomberg L.P.

PRODUCTION INDICATORS
                                          LATEST      WEEK      YEARLY
                                           WEEK        AGO       % CHG
      
      STEEL (12/6) thous. of net tons       2,162     2,234 #     12.0
      AUTOS (12/6) units                  130,911    73,225 r#     6.0
      TRUCKS (12/6) units                 145,242    86,282 r#     6.8
      ELECTRIC POWER (12/6)
        millions of kilowatt-hrs.          62,978    60,073 #      0.4
      CRUDE-OIL REFINING (12/6)
        thous. of bbl./day                 14,851    14,919 #      3.3
      COAL (11/29) thous. of net tons      20,431 #  21,089       11.2
      LUMBER (11/29) millions of ft.        282.3 #   480.3      -15.3
      RAIL FREIGHT (11/29)
        billions of ton-miles                24.1 #    27.6        5.2
      
      Sources: American Iron & Steel Institute, Ward's Automotive Reports, Edison 
      Electric Institute, American Petroleum Institute, Energy Dept., WWPA1, SFPA2, 
      Association of American Railroads
      
      LEADING INDICATORS
                                           LATEST    WEEK       YEARLY
                                            WEEK     AGO         % CHG
      
      STOCK PRICES (12/5) S&P 500          983.79    955.40       33.0
      CORPORATE BOND YIELD, Aaa (12/5)       6.81 %    6.83 %     -4.1
      INDUSTRIAL MATERIALS PRICES (12/5)    100.4     101.9       -6.0
      BUSINESS FAILURES (11/28)               NA       NA          NA
      REAL ESTATE LOANS (11/26) billions      NA       NA          NA
      MONEY SUPPLY, M2 (11/24) billions  $4,000.3  $3,993.8 r      5.4
      INITIAL CLAIMS,
        UNEMPLOYMENT (11/29) thous.           303       306       -9.0
      
      Sources: Standard & Poor's, Moody's, Journal of Commerce (index: 1990=100), 
      Federal Reserve, Labor Dept.
      
      PRICES
                                         LATEST      WEEK       YEARLY
                                           WEEK      AGO         % CHG
      
      GOLD (12/10) $/troy oz.             286.300   293.000      -22.3
      STEEL SCRAP (12/9) #1 heavy, $/ton   131.50    143.50       12.9
      COPPER (12/5)  cents/lb.               84.1      87.2      -22.4
      ALUMINUM (12/5)  cents/lb.             77.3      77.8        6.9
      COTTON (12/5) strict
        low middling 1-1/16 in.,  cents/lb. 66.14     67.83       -7.9
      OIL (12/9) $/bbl.                     18.47     18.61      -24.4
      CRB FOODSTUFFS (12/9) 1967=100       247.87    248.98        8.8
      CRB RAW INDUSTRIALS (12/9) 1967=100  310.29    318.27       -6.5
      
      Sources: London Wednesday final setting, Chicago market, Metals Week, Memphis 
      market, NYMEX, Commodity Research Bureau
      
      FOREIGN EXCHANGE
                                           LATEST     WEEK      YEAR
                                           WEEK        AGO       AGO
      
      JAPANESE YEN (12/10)                 128.90    128.60     112.82
      GERMAN MARK (12/10)                    1.78      1.77       1.54
      BRITISH POUND (12/10)                  1.65      1.68       1.66
      FRENCH FRANC (12/10)                   5.97      5.92       5.22
      ITALIAN LIRA (12/10)                 1744.5    1734.5     1525.5
      CANADIAN DOLLAR (12/10)                1.42      1.42       1.36
      MEXICAN PESO (12/10)3                 8.139     8.125      7.892
      TRADE-WEIGHTED DOLLAR INDEX (12/10)   109.4     108.4       98.6
      
      Sources: Major New York banks. Currencies expressed in units per U.S. dollar, 
      except for British pound in dollars. Trade-weighted dollar via J.P. Morgan.
      
      INTEREST RATES
                                            LATEST     WEEK       YEAR
                                             WEEK      AGO         AGO
      
      FEDERAL FUNDS (12/9)                    5.29 %    5.55 %     5.17 %
      COMMERCIAL PAPER (12/9) 3-month         5.73      5.71       5.44
      CERTIFICATES OF DEPOSIT (12/10) 3-month 5.81      5.80       5.44
      FIXED MORTGAGE (12/5) 30-year           7.35      7.36       7.67
      ADJUSTABLE MORTGAGE (12/5) one-year     5.72      5.71       5.66
      PRIME (12/5)                            8.50      8.50       8.25
      
      Sources: Federal Reserve, HSH Associates, Bloomberg Financial Markets
      
      #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