PRODUCTION INDICATORS

LATEST WEEK YEARLY

WEEK AGO % CHG

STEEL 2/28 thous. of net tons 2,012 1,986# 3.1

AUTOS 2/28 units 100,043 96,732r# 4.2

TRUCKS 2/28 units 170,471 173,214r# 8.6

ELECTRIC POWER 2/28 millions of kilowatt-hrs. 73,804 75,736# -1.7

CRUDE-OIL REFINING 2/28 thous. of bbl./day 14,628 14,622# 2.1

COAL 2/21 thous. of net tons 20,969# 20,390 7.1

LUMBER 2/21 millions of ft. 548.9# 524.3r 5.9

RAIL FREIGHT 2/21 billions of ton-miles 29.9# 29.0 10.3

Sources: American Iron & Steel Institute, Ward's Automotive Reports, Edison

Electric Institute, American Petroleum Institute, Energy Dept., WWPA, SFPA,

Association of American Railroads

LEADING INDICATORS

LATEST WEEK YEARLY

WEEK AGO % CHG

ECRI LEADING INDEX 2/20 1992=100 133.7 132.9 13.0

STOCK PRICES 2/27 S&P 500 1144.9 1144.1 36.1

CORPORATE BOND YIELD, Aaa 2/27 5.4% 5.5% -6.9

MONEY SUPPLY, M2 2/16 billions $6,120.1 $6,088.0 3.8

INITIAL CLAIMS, UNEMPLOYMENT 2/28 thous. 345 352r -20.7

MORTGAGE APPLICATIONS, PURCHASE 2/28 422.6 423.5 22.2

MORTGAGE APPLICATIONS, REFINANCE 2/28 3532.2 3361.9 -46.6

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

eral Reserve, Labor Dept., Mortgage Bankers Assn. (Index: March 16, 1990=100)

PRICES

LATEST WEEK YEARLY

WEEK AGO % CHG

GOLD 3/3 $/troy oz. 390.500 400.250 10.3

STEEL SCRAP 3/3 #1 heavy, $/ton 198.33 198.33 66.4

COPPER 2/27 cents/lb. 136.9 135.1 65.8

ALUMINUM 2/27 cents/lb. 83.5 84.0 18.4

COTTON 2/27 strict low middling

1-1/16 in., cents/lb. 68.58 65.36 21.8

OIL 3/3 $/bbl. 35.63 36.83 -2.2

CRB FOODSTUFFS 3/2 1967=100 283.63 279.62 20.6

CRB RAW INDUSTRIALS 3/2 1967=100 314.92 311.22 20.0

Sources: London Wednesday final setting, Institute of Scrap Recycling In-

dustries, Metals Week, Memphis market, NYMEX, Commodity Research Bureau

FOREIGN EXCHANGE

LATEST WEEK YEAR

WEEK AGO AGO

BRAZILIAN REAL 3/3 2.8785 2.9395 3.5255

BRITISH POUND 3/3 1.83 1.87 1.60

CANADIAN DOLLAR 3/3 1.34 1.33 1.47

EUROPEAN EURO 3/3 1.2206 1.2501 1.0971

JAPANESE YEN 3/3 110.04 108.99 117.35

KOREAN WON 3/3 1177.6 1170.2 1199.1

MEXICAN PESO 3/3 11.059 11.057 11.230

TRADE-WEIGHTED DOLLAR INDEX 3/3 94.1 92.9 107.7

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.

INTEREST RATES

LATEST WEEK YEAR

WEEK AGO AGO

FEDERAL FUNDS 3/2 1.00% 0.99% 1.20%

COMMERCIAL PAPER 3/1 3-month 1.00 NA 1.23

CERTIFICATES OF DEPOSIT 3/2 3-month 1.06 1.05 1.26

FIXED MORTGAGE 2/27 30-year 5.72 5.71 5.88

ADJUSTABLE MORTGAGE 2/27 one-year 3.69 3.71 4.11

PRIME 3/2 4.00 4.00 4.25

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

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