PRODUCTION INDICATORS
                                                      LATEST       WEEK     YEARLY
                                                        WEEK        AGO%       CHG
      
      STEEL 11/20 thous. of net tons                   1,962      1,973#       2.0
      AUTOS 11/20 units                               78,750     80,518r#    -17.4
      TRUCKS 11/20 units                             160,092    151,484r#     -5.2
      ELECTRIC POWER 11/20 millions of kilowatt-hrs.  69,425     68,651#       0.4
      CRUDE-OIL REFINING 11/20 thous. of bbl./day     15,411     15,434#       2.7
      COAL 11/13 thous. of net tons                   21,551#    21,277        1.0
      LUMBER 11/13 millions of ft.                     543.1#     543.8r       0.1
      RAIL FREIGHT 11/13 billions of ton-miles          32.5#      32.2        1.2
      
      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 11/12 1992=100           132.7       132.2r      1.5
      STOCK PRICES 11/19 S&P 500                 1170.3      1184.2      13.0
      CORPORATE BOND YIELD, Aaa 11/19               5.5%        5.5%     -0.9
      MONEY SUPPLY, M2 11/8 billions           $6,366.9    $6,365.4r     4.7
      INITIAL CLAIMS, UNEMPLOYMENT 11/20 thous.     323         335r     -8.8
      MORTGAGE APPLICATIONS, PURCHASE 11/20       463.3       480.3       0.7
      MORTGAGE APPLICATIONS, REFINANCE 11/20     2179.3      2375.4     -16.6
      
      Sources: Economic Cycle Research Institute, Standard & Poor's, Moody's, Federal
      Reserve, Labor Dept., Mortgage Bankers Assn. (Index: March 16, 1990=100)
      
      PRICES
                                             LATEST       WEEK    YEARLY
                                               WEEK        AGO%      CHG
      
      GOLD 11/23 $/troy oz.                 448.150    443.450      14.4
      STEEL SCRAP 11/23 #1 heavy, $/ton      249.33     249.33      79.2
      COPPER 11/19  cents/lb.                 150.6      144.7      58.3
      ALUMINUM 11/19  cents/lb.                88.6       89.4      23.0
      COTTON 11/19 strict low middling
       1-1/16 in.,  cents/lb  .               47.07      46.28     -33.1
      OIL 11/23 $/bbl.                        48.37      46.52      64.6
      CRB FOODSTUFFS 11/23 1967=100          270.97     274.18       6.1
      CRB RAW INDUSTRIALS 11/23 1967=100     323.94     321.96      11.9
      
      Sources: London Wednesday final setting, Iron Age Scrap Price Bulletin,
      Metals Week, Memphis market, NYMEX, Commodity Research Bureau
      
      FOREIGN EXCHANGE
                                          LATEST     WEEK     YEAR
                                            WEEK      AGO      AGO
      
      BRAZILIAN REAL 11/23                2.7420   2.7595   2.9335
      BRITISH POUND 11/23                   1.87     1.86     1.70
      CANADIAN DOLLAR 11/23                 1.19     1.19     1.31
      EUROPEAN EURO 11/23                 1.3087   1.3031   1.1792
      JAPANESE YEN 11/23                  103.32   104.04   109.40
      KOREAN WON 11/23                    1065.8   1080.8   1202.9
      MEXICAN PESO 11/23                  11.335   11.302   11.311
      TRADE-WEIGHTED DOLLAR INDEX 11/23     88.7     89.0     94.9
      
      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.
      
      INTEREST RATES
                                             LATEST    WEEK    YEAR
                                               WEEK     AGO     AGO
      
      FEDERAL FUNDS 11/22                      2.01%   1.98%   0.98%
      COMMERCIAL PAPER 11/22 3-month           2.23    2.16    1.07
      CERTIFICATES OF DEPOSIT 11/22 3-month    2.32    2.27    1.11
      FIXED MORTGAGE 11/19 30-year             5.83    5.85    5.97
      ADJUSTABLE MORTGAGE 11/19 one-year       4.16    4.21    3.97
      PRIME 11/22                              5.00    5.00    4.00
      
      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