Online Extra: Production Index Components

PRODUCTION INDICATORS

LATEST WEEK YEARLY

WEEK AGO % CHG

STEEL 12/13 thous. of net tons 1,803 1,844# 20.1

AUTOS 12/13 units 98,384 94,097r# -13.7

TRUCKS 12/13 units 181,527 179,749r# 14.4

ELECTRIC POWER 12/13 millions of kilowatt-hrs. 77,077 73,759# 15.8

CRUDE-OIL REFINING 12/13 thous. of bbl./day 15,156 15,487# 3.3

COAL 12/6 thous. of net tons 21,395# 19,808 -0.6

LUMBER 12/6 millions of ft. 529.0# 358.7r 9.7

RAIL FREIGHT 12/6 billions of ton-miles 31.5# 25.8 7.1

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 12/5 1992=100 129.6 130.4r 9.3

STOCK PRICES 12/11 S&P 500 1074.1 1061.5 -7.3

CORPORATE BOND YIELD, Aaa 12/11 5.6% 5.6% -18.2

MONEY SUPPLY, M2 12/1 billions $6,055.0 $6,057.8 11.6

INITIAL CLAIMS, UNEMPLOYMENT 12/12 thous. 353 375r -10.6

MORTGAGE APPLICATIONS, PURCHASE 12/12 437.2 399.8 27.6

MORTGAGE APPLICATIONS, REFINANCE 12/12 2072.9 1775.5 -24.1

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 12/17 $/troy oz. 408.250 410.000 49.3

STEEL SCRAP 12/16 #1 heavy, $/ton 157.67 139.17 143.8

COPPER 12/12 cents/lb. 101.9 100.8 38.7

ALUMINUM 12/12 cents/lb. 74.0 73.8 11.7

COTTON 12/12 strict low middling

1-1/16 in., cents/lb. 65.56 67.33 95.0

OIL 12/17 $/bbl. 33.06 31.70 82.9

CRB FOODSTUFFS 12/16 1967=100 260.10 260.33 28.6

CRB RAW INDUSTRIALS 12/16 1967=100 304.11 301.41 35.4

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 12/17 2.9305 2.9475 2.3865

BRITISH POUND 12/17 1.77 1.74 1.45

CANADIAN DOLLAR 12/17 1.33 1.31 1.57

EUROPEAN EURO 12/17 1.2412 1.2219 0.8979

JAPANESE YEN 12/17 107.40 108.24 126.32

KOREAN WON 12/17 1190.5 1189.8 1265.5

MEXICAN PESO 12/17 11.245 11.235 9.130

TRADE-WEIGHTED DOLLAR INDEX 12/17 93.3 93.5 121.3

Sources: Bloomberg Financial Markets. 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 12/16 0.99% 0.97% 1.80%

COMMERCIAL PAPER 12/15 3-month 1.05 1.05 1.72

CERTIFICATES OF DEPOSIT 12/16 3-month 1.10 1.10 1.76

FIXED MORTGAGE 12/12 30-year 6.02 6.18 7.09

ADJUSTABLE MORTGAGE 12/12 one-year 3.94 4.01 5.49

PRIME 12/16 4.00 4.00 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. 3=Free market value NA=Not available r=revised

NM=Not meaningful

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