Online Extra: Production Index Components

        
PRODUCTION INDICATORS
      
                                                           LATEST     WEEK   YEARLY
                                                             WEEK      AGO    % CHG
      STEEL                1/7 thous. of net tons           2,064    2,020#     0.6
      AUTOS                1/7 units                           NA        0r#     NA
      TRUCKS               1/7 units                           NA        0r#     NA
      ELECTRIC POWER       1/7 millions of kilowatt-hrs.   72,554   70,780#     0.0
      CRUDE-OIL REFINING   1/7 thous. of bbl./day          14,883   14,889#    -4.4
      COAL               12/31 thous. of net tons          20,650#  20,759      0.2
      LUMBER             12/31 millions of ft.              265.7#   352.0r     3.1
      RAIL FREIGHT       12/31 billions of ton-miles         29.0#    32.5      3.9
      
      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               12/30 1992=100     135.6      134.9r     2.4
      STOCK PRICES                       1/6 S&P 500     1285.5     1248.3      8.4
      CORPORATE BOND YIELD, Aaa          1/6                5.3%       5.3%    -3.5
      MONEY SUPPLY, M2                 12/26 billions  $6,711.7   $6,691.8r     4.1
      INITIAL CLAIMS, UNEMPLOYMENT       1/7 thous.         309        292r   -12.0
      MORTGAGE APPLICATIONS, PURCHASE    1/7              457.4      418.3     16.4
      MORTGAGE APPLICATIONS, REFINANCE   1/7             1497.5     1363.2    -13.0
      
      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                1/11 $/troy oz.               544.400   529.500      27.6
      STEEL SCRAP         1/11 #1 heavy, $/ton           218.50    218.50      11.9
      COPPER               1/6 cents/lb.                 222.4     225.3       49.5
      ALUMINUM             1/6 cents/lb.                 108.7     108.2       21.0
      COTTON               1/6 strict low middling              
                               1-1/16 in., cents/lb.      54.67     54.18      15.4
      OIL                 1/11 $/bbl.                     63.74     63.67      38.3
      CRB FOODSTUFFS      1/10 1967=100                  244.29    245.73      -3.9
      CRB RAW INDUSTRIALS 1/10 1967=100                  360.25    355.81      12.3
      
      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               1/11     2.2798       2.2860       2.7065
      BRITISH POUND                1/11       1.76         1.76         1.89
      CANADIAN DOLLAR              1/11       1.16         1.15         1.20
      EUROPEAN EURO                1/11     1.2127       1.2118       1.3255
      JAPANESE YEN                 1/11     114.15       116.10       102.44
      KOREAN WON                   1/11      978.4        998.1       1042.0
      MEXICAN PESO                 1/11     10.593       10.582       11.163
      TRADE-WEIGHTED DOLLAR INDEX  1/11       90.1         90.5         88.1
      
      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                1/10                 4.24%     4.34%     2.24%
      COMMERCIAL PAPER              1/9  3-month        NA        NA        2.45
      CERTIFICATES OF DEPOSIT      1/10  3-month        4.52      NA        2.58
      FIXED MORTGAGE                1/6  30-year        6.34      6.34      5.86
      ADJUSTABLE MORTGAGE           1/6  one-year       5.38      5.38      4.31
      PRIME                        1/10                 7.25      7.25      5.25
      
      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
Before it's here, it's on the Bloomberg Terminal.
LEARN MORE