PRODUCTION INDICATORS
      
                                                          LATEST     WEEK    YEARLY
                                                            WEEK      AGO     % CHG
      STEEL               12/3 thous. of net tons          2,032    1,993#      4.0
      AUTOS               12/3 units                     151,644   55,198r#    48.4
      TRUCKS              12/3 units                      91,697   95,442r#   -49.9
      ELECTRIC POWER      12/3 millions of kilowatt-hrs.  74,660   71,568#      1.8
      CRUDE-OIL REFINING  12/3 thous. of bbl./day         15,130   15,024#     -3.9
      COAL               11/26 thous. of net tons         20,830#  21,708      -0.3
      LUMBER             11/26 millions of ft.             281.4#   379.5     -24.6
      RAIL FREIGHT       11/26 billions of ton-miles        30.3#    34.7       1.7
      
      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                11/25 1992=100     135.4      134.7r    2.1
      STOCK PRICES                       12/2 S&P 500     1265.1     1268.3     6.2
      CORPORATE BOND YIELD, Aaa          12/2                5.4%       5.3%   -1.8
      MONEY SUPPLY, M2                  11/21 billions  $6,652.4   $6,632.4r    3.7
      INITIAL CLAIMS, UNEMPLOYMENT       12/3 thous.         327        321r   -6.3
      MORTGAGE APPLICATIONS, PURCHASE    12/3              495.1      476.2     0.9
      MORTGAGE APPLICATIONS, REFINANCE   12/3             1596.4     1484.3   -15.6
      
      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                12/7 $/troy oz.             515.400   495.650        18.0
      STEEL SCRAP         12/7 #1 heavy, $/ton         220.17    229.67       -11.6
      COPPER              12/2 cents/lb.               217.6     215.9         45.2
      ALUMINUM            12/2 cents/lb.               103.4      99.4         13.8
      COTTON              12/2 strict low middling      
                               1-1/16 in., cents/lb.    52.41     52.89        14.3
      OIL                 12/7 $/bbl.                   59.41     57.62        42.5
      CRB FOODSTUFFS      12/6 1967=100                250.22    249.98        -8.6
      CRB RAW INDUSTRIALS 12/6 1967=100                334.21    331.61         3.1
      
      Sources: London Wednesday final setting, Iron Age Scrap Price Bulletin,
      Platt's Metals Week, Memphis market, NYMEX, Commodity Research Bureau
      
      
      FOREIGN EXCHANGE
      
                                                  LATEST         WEEK         YEAR
                                                    WEEK          AGO          AGO
      BRAZILIAN REAL                   12/7       2.1945       2.2035       2.7590
      BRITISH POUND                    12/7         1.74         1.73         1.93
      CANADIAN DOLLAR                  12/7         1.16         1.17         1.21
      EUROPEAN EURO                    12/7       1.1725       1.1788       1.3337
      JAPANESE YEN                     12/7       121.04       119.81       103.98
      KOREAN WON                       12/7       1035.5       1033.7       1058.7
      MEXICAN PESO                     12/7       10.466       10.558       11.239
      TRADE-WEIGHTED DOLLAR INDEX      12/7         92.1         92.1         88.9
      
      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             12/6                 3.97%        3.99%      1.99%
      COMMERCIAL PAPER          12/5  3-month        NA           NA         2.26
      CERTIFICATES OF DEPOSIT   12/6  3-month        4.42         4.37       2.40
      FIXED MORTGAGE            12/2  30-year        6.37         6.41       5.90
      ADJUSTABLE MORTGAGE       12/2  one-year       5.33         5.32       4.22
      PRIME                     12/6                 7.00         7.00       5.00
      
      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. no longer included. Historical data has been adjusted.
      3=Free market value  NA=Not available  r=revised  NM=Not meaningful
Before it's here, it's on the Bloomberg Terminal. LEARN MORE