Production Index Components

PRODUCTION INDICATORS
      
                                                     LATEST       WEEK   YEARLY
                                                       WEEK        AGO%     CHG
      STEEL 8/19 thous. of net tons                   2,068      2,015#     3.6
      AUTOS 8/19 units                              107,934    111,571#    -7.6
      TRUCKS 8/19 units                             148,914    140,858#    -6.4
      ELECTRIC POWER 8/19 millions of kilowatt-hrs.  80,987     85,062#     3.9
      CRUDE-OIL REFINING 8/19 thous. of bbl./day     15,765     15,470#     1.9
      COAL 8/12 thous. of net tons                   22,953#    22,909      8.5
      LUMBER 8/12 millions of ft.                     454.9#     462.6     -8.3
      RAIL FREIGHT 8/12 billions of ton-miles          28.5#      28.7      0.4
      
      Sources: American Iron & Steel Institute, Ward's Automotive Reports, Edison 
      Electric Institute, American Petroleum Institute, Energy Dept., WWPA, SFPAFD, 
      Association of American Railroads
      
      LEADING INDICATORS
      
                                                  LATEST       WEEK   YEARLY
                                                    WEEK        AGO%     CHG
      ECRI LEADING INDEX 8/11 1992=100             124.9      125.5      0.3
      STOCK PRICES 8/18 S&P 500                  1491.72    1471.84     11.6
      CORPORATE BOND YIELD, Aaa 8/18                7.53%      7.53%     2.6
      MONEY SUPPLY, M2 8/7 billions             $4,810.5   $4,795.2      5.6
      INITIAL CLAIMS, UNEMPLOYMENT 8/18 thous.       314        310      9.0
      MORTGAGE APPLICATIONS, PURCHASE 8/18         294.4      313.3      8.6
      MORTGAGE APPLICATIONS, REFINANCE 8/18        383.6      403.3    -12.9
      
      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 8/23 $/troy oz.                      273.150       276.350         8.0
      STEEL SCRAP 8/23 #1 heavy, $/ton           103.00        103.00        59.7
      COPPER 8/18  cents/lb.                       91.0          90.7        14.7
      ALUMINUM 81/18  cents/lb.                    74.5          74.5         7.2
      COTTON 8/18 strict low
       middling 1-1/16 in.,  cents/lb.            59.20         59.35        11.3
      OIL 8/23 $/bbl.                             32.17         31.80        53.4
      CRB FOODSTUFFS 8/22 1967=100               172.03        170.11        -9.8
      CRB RAW INDUSTRIALS 8/22 1967=100          256.92        254.69        -2.7
      
      Sources: London Wednesday final setting, Chicago market, Metals Week, Memphis 
      market, NYMEX, Commodity Research Bureau
      
      FOREIGN EXCHANGE
      
                                          LATEST          WEEK        YEAR
                                            WEEK           AGO         AGO
      BRAZILIAN REAL 8/23                 1.8220        1.8110      1.9040
      BRITISH POUND 8/23                    1.49          1.50        1.59
      CANADIAN DOLLAR 8/23                  1.49          1.48        1.50
      EUROPEAN EURO 8/23                  0.9016        0.9161      1.0424
      JAPANESE YEN 8/23                   106.96        108.54      111.08
      KOREAN WON 8/23                     1113.2        1115.3      1191.5
      MEXICAN PESO 8/23                    9.277         9.195       9.310
      TRADE-WEIGHTED DOLLAR INDEX 8/23     113.3         112.7       108.4
      
      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 8/22                        6.42%         6.63%       5.08%      
      
      COMMERCIAL PAPER 8/22 3-month             6.50          6.48        5.30
      CERTIFICATES OF DEPOSIT 8/23 3-month      6.60          6.61        5.42
      FIXED MORTGAGE 8/18 30-year               8.14          8.14        8.00
      ADJUSTABLE MORTGAGE 8/18 one-year         7.39          7.33        6.33
      PRIME 8/18                                9.50          9.50        8.00
      
      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 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
      
      

To continue reading this article you must be a Bloomberg Professional Service Subscriber.