Online Extra: Production Index Components

PRODUCTION INDICATORS

LATEST WEEK YEARLY

WEEK AGO % CHG

STEEL 7/9 thous. of net tons 1,863 1,885# -6.6

AUTOS 7/9 units 20,167 85,051r# -27.8

TRUCKS 7/9 units 33,164 142,037r# -9.4

ELECTRIC POWER 7/9 millions of kilowatt-hrs. 81,953 87,022# 2.7

CRUDE-OIL REFINING 7/9 thous. of bbl./day 15,993 16,358# 4.3

COAL 7/2 thous. of net tons 21,099# 21,238 -0.3

LUMBER 7/2 millions of ft. 386.8# 380.9 21.1

RAIL FREIGHT 7/2 billions of ton-miles 32.1# 32.1 2.2

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 7/1 1992=100 134.4 133.7 1.1

STOCK PRICES 7/8 S&P 500 1211.9 1194.4 8.9

CORPORATE BOND YIELD, Aaa 7/8 5.1% 5.0% -13.4

MONEY SUPPLY, M2 6/27 billions $6,510.7 $6,504.7r 3.4

INITIAL CLAIMS, UNEMPLOYMENT 7/9 thous. 336 320r -2.0

MORTGAGE APPLICATIONS, PURCHASE 7/9 489.0 520.8 4.3

MORTGAGE APPLICATIONS, REFINANCE 7/9 2554.3 2788.2 53.7

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 7/13 $/troy oz. 424.500 423.500 5.1

STEEL SCRAP 7/13 #1 heavy, $/ton 120.83 120.83 -25.0

COPPER 7/8 cents/lb. 165.7 164.7 27.0

ALUMINUM 7/8 cents/lb. 82.0 82.5 -4.5

COTTON 7/8 strict low middling

1-1/16 in., cents/lb. 55.39 55.13 7.5

OIL 7/13 $/bbl. 60.01 61.45 46.9

CRB FOODSTUFFS 7/12 1967=100 251.63 254.10 -8.0

CRB RAW INDUSTRIALS 7/12 1967=100 324.14 329.56 5.4

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 7/13 2.3556 2.3939 3.0275

BRITISH POUND 7/13 1.76 1.75 1.86

CANADIAN DOLLAR 7/13 1.21 1.24 1.32

EUROPEAN EURO 7/13 1.2094 1.1932 1.2380

JAPANESE YEN 7/13 111.87 112.18 109.17

KOREAN WON 7/13 1037.5 1048.2 1152.9

MEXICAN PESO 7/13 10.661 10.780 11.449

TRADE-WEIGHTED DOLLAR INDEX 7/13 91.3 92.2 93.3

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 7/12 3.23% 3.27% 1.24%

COMMERCIAL PAPER 7/11 3-month NA NA NA

CERTIFICATES OF DEPOSIT 7/12 3-month 3.54 3.51 1.54

FIXED MORTGAGE 7/8 30-year 5.81 5.72 6.15

ADJUSTABLE MORTGAGE 7/8 one-year 4.70 4.64 4.17

PRIME 7/12 6.25 6.25 4.25

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. 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

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