PRODUCTION INDICATORS
                                                     LATEST       WEEK    YEARLY
                                                       WEEK        AGO%      CHG
      
      STEEL 1/27 thous. of net tons                   1,919      1,918#     -6.3
      AUTOS 1/27 units                               86,055     84,600#      0.0
      TRUCKS 1/27 units                             131,148    135,500#      0.0
      ELECTRIC POWER 1/27 millions of kilowatt-hrs.  81,048     81,592#      8.7
      CRUDE-OIL REFINING 1/27 thous. of bbl./day     14,468     14,636#     -0.2
      COAL 1/20 thous. of net tons                   22,163#    22,344      -1.3
      LUMBER 1/20 millions of ft.                     311.2#     269.0     -15.1
      RAIL FREIGHT 1/20 billions of ton-miles          31.3#      32.5      -7.4
      
      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 1/19 1992=100             139.2       140.8        0.4
      STOCK PRICES 1/26 S&P 500                   1422.2      1430.5       10.8
      CORPORATE BOND YIELD, Aaa 1/26                 5.5%        5.4%       2.8
      MONEY SUPPLY, M2 1/15 billions            $7,075.5    $7,057.2r      5.4
      INITIAL CLAIMS, UNEMPLOYMENT 1/27 thous.       307         327r       8.1
      MORTGAGE APPLICATIONS, PURCHASE 1/27         408.0       402.7       -6.4
      MORTGAGE APPLICATIONS, REFINANCE 1/27       1940.2      1849.1       11.0
      
      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 1/31 $/troy oz.                650.500   642.100      14.5
      STEEL SCRAP 2/1 #1 heavy, $/ton      223.33    223.33       7.8
      COPPER 1/26  cents/lb.                264.5     258.3      16.5
      ALUMINUM 1/26  cents/lb.              135.1     130.2      16.3
      COTTON 1/26 strict low
       middling 1-1/16 in.,  cents/lb.      53.87     54.27      -3.6
      OIL 1/31 $/bbl.                       58.34     54.72     -12.5
      CRB FOODSTUFFS 1/30 1967=100         279.53    280.16      15.2
      CRB RAW INDUSTRIALS 1/30 1967=100    440.71    443.62      19.6
      
      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 1/31                2.1240   2.1280   2.2250
      BRITISH POUND 1/31                   1.97     1.97     1.77
      CANADIAN DOLLAR 1/31                 1.18     1.18     1.14
      EUROPEAN EURO 1/31                 1.3033   1.2971   1.2064
      JAPANESE YEN 1/31                  120.69   121.18   118.03
      KOREAN WON 1/31                     941.5    936.1    961.6
      MEXICAN PESO 1/31                  11.002   10.924   10.461
      TRADE-WEIGHTED DOLLAR INDEX 1/31     89.4     89.3     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 1/30                      5.23%    5.26%   4.47%
      COMMERCIAL PAPER 1/30 3-month             NA       NA      NA
      CERTIFICATES OF DEPOSIT 1/30 3-month    5.32     5.32    4.64
      FIXED MORTGAGE 1/26 30-year             6.38     6.35    6.27
      ADJUSTABLE MORTGAGE 1/26 one-year       5.90     5.96    5.39
      PRIME 1/30                              8.25     8.25    7.50
      
      Sources: Federal Reserve, HSH Associates, Bloomberg Financial Markets
      
      # Raw data in the production indicators are seasonally adjusted in computing
      the BW index; 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