PRODUCTION INDICATORS
      
                                                           LATEST     WEEK  YEARLY
                                                             WEEK      AGO   % CHG
      STEEL                1/6 thous. of net tons           1,792    1,639#  -13.2
      AUTOS                1/6 units                       84,600   70,100#   -1.7
      TRUCKS               1/6 units                      135,500  118,600#    3.3
      ELECTRIC POWER       1/6 millions of kilowatt-hrs.   72,829   74,830#    0.4
      CRUDE-OIL REFINING   1/6 thous. of bbl./day          15,486   15,209#    4.1
      COAL               12/30 thous. of net tons          20,216#  22,963    -2.1
      LUMBER             12/30 millions of ft.              141.7#   212.3   -46.7
      RAIL FREIGHT       12/30 billions of ton-miles         27.6#    34.8    -3.8
      
      Sources: American Iron & Steel Institute, Ward's Automotive Reports, Edison
      Electric Institute, American Petroleum Institute, Energy Dept., WWPA,
      Association of American Railroads
      
      
      LEADING INDICATORS
      
                                                          LATEST       WEEK   YEARLY
                                                            WEEK        AGO    % CHG
      ECRI LEADING INDEX               12/29 1992=100      139.0      138.5      2.4
      STOCK PRICES                       1/5 S&P 500      1409.7     1418.3      9.7
      CORPORATE BOND YIELD, Aaa          1/5                 5.3%       5.5%     0.2
      MONEY SUPPLY, M2                 12/25 billions   $7,042.1   $7,011.3r     5.3
      INITIAL CLAIMS, UNEMPLOYMENT       1/6 thous.          299        325r     0.3
      MORTGAGE APPLICATIONS, PURCHASE    1/6               472.8      406.9      3.4
      MORTGAGE APPLICATIONS, REFINANCE   1/6              1923.8     1640.4     28.5
      
      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                1/10 $/troy oz.             608.400    642.600      11.8
      STEEL SCRAP         1/11 #1 heavy, $/ton         223.33     207.00       6.3
      COPPER               1/5 cents/lb.               270.8      292.3       21.8
      ALUMINUM             1/5 cents/lb.               128.1      132.5       17.8
      COTTON               1/5 strict low middling    
                               1-1/16 in., cents/lb.    54.12      56.04      -1.0
      OIL                 1/10 $/bbl.                   54.42      58.87     -14.6
      CRB FOODSTUFFS       1/9 1967=100                268.39     271.52       9.9
      CRB RAW INDUSTRIALS  1/9 1967=100                435.00     440.78      20.7
      
      Sources: London Wednesday final setting, Metal Bulletin, Platt's Metals Week,
      Memphis market, NYMEX, Commodity Research Bureau
      
      FOREIGN EXCHANGE
      
                                                    LATEST        WEEK        YEAR
                                                      WEEK         AGO         AGO
      BRAZILIAN REAL                  1/10          2.1497      2.1390      2.2798
      BRITISH POUND                   1/10            1.93        1.95        1.76
      CANADIAN DOLLAR                 1/10            1.17        1.17        1.16
      EUROPEAN EURO                   1/10          1.2937      1.3170      1.2127
      JAPANESE YEN                    1/10          119.64      119.39      114.15
      KOREAN WON                      1/10           937.8       932.7       978.4
      MEXICAN PESO                    1/10          10.963      10.828      10.593
      TRADE-WEIGHTED DOLLAR INDEX     1/10            89.4        88.5        90.1
      
      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              1/9                   5.25%     5.30%     4.24%
      COMMERCIAL PAPER           1/9  3-month          NA        5.38      NA
      CERTIFICATES OF DEPOSIT    1/9  3-month          5.31      5.32      4.52
      FIXED MORTGAGE             1/5  30-year          6.29      6.27      6.34
      ADJUSTABLE MORTGAGE        1/5  one-year         5.88      5.78      5.38
      PRIME                      1/9                   8.25      8.25      7.25
      
      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. NA=Not
      available  r=revised  NM=Not meaningful
Before it's here, it's on the Bloomberg Terminal. LEARN MORE