Online Extra: Production Index Components

PRODUCTION INDICATORS
                                                      LATEST       WEEK     YEARLY
                                                        WEEK        AGO%       CHG
      
      STEEL 10/15 thous. of net tons                   2,008      1,995#       1.2
      AUTOS 10/15 units                               82,759     86,610r#     -4.5
      TRUCKS 10/15 units                             160,294    162,704r#     -4.7
      ELECTRIC POWER 10/15 millions of kilowatt-hrs.  71,097     76,603#       3.3
      CRUDE-OIL REFINING 10/15 thous. of bbl./day     13,102     12,080#     -11.1
      COAL 10/8 thous. of net tons                    20,809#    21,760       -3.1
      LUMBER 10/8 millions of ft.                      378.2#     391.9        3.9
      RAIL FREIGHT 10/8 billions of ton-miles           33.3#      33.4       -3.5
      
      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 10/7 1992=100             135.0      135.0r      3.0
      STOCK PRICES 10/14 S&P 500                  1186.6     1195.9       7.1
      CORPORATE BOND YIELD, Aaa 10/14                5.4%       5.3%     -1.5
      MONEY SUPPLY, M2 10/3 billions            $6,622.4   $6,598.7r      4.3
      INITIAL CLAIMS, UNEMPLOYMENT 10/15 thous.      355        390r      6.0
      MORTGAGE APPLICATIONS, PURCHASE 10/15        503.9      469.5       9.2
      MORTGAGE APPLICATIONS, REFINANCE 10/15      2095.7     2004.9      -2.8
      
      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 10/19 $/troy oz.                 465.900   475.100     10.0
      STEEL SCRAP 10/19 #1 heavy, $/ton      208.00    208.00     -6.2
      COPPER 10/14  cents/lb.                 193.7     191.9     36.9
      ALUMINUM 10/14  cents/lb.                92.2      88.9      2.8
      COTTON 10/14 strict low
       middling 1-1/16 in.,  cents/lb.        57.30     54.72     20.9
      OIL 10/19 $/bbl.                        62.47     63.72     14.2
      CRB FOODSTUFFS 10/18 1967=100          258.67    244.77      0.0
      CRB RAW INDUSTRIALS 10/18 1967=100     333.47    334.95      6.6
      
      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 10/19               2.2383          2.2545          2.8748
      BRITISH POUND 10/19                  1.77            1.75            1.82
      CANADIAN DOLLAR 10/19                1.18            1.17            1.25
      EUROPEAN EURO 10/19                1.1992          1.2024          1.2590
      JAPANESE YEN 10/19                 115.44          114.38          108.24
      KOREAN WON 10/19                   1053.4          1043.2          1142.4
      MEXICAN PESO 10/19                 10.839          10.929          11.482
      TRADE-WEIGHTED DOLLAR INDEX 10/19    91.8            91.4            91.7
      
      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 10/18                      3.71%     3.72%    1.72%
      COMMERCIAL PAPER 10/17 3-month           NA        NA       NA
      CERTIFICATES OF DEPOSIT 10/18 3-month    4.13      4.08     2.03
      FIXED MORTGAGE 10/14 30-year             6.17      6.13     5.82
      ADJUSTABLE MORTGAGE 10/14 one-year       5.06      5.06     4.04
      PRIME 10/18                              6.75      6.75     4.75
      
      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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