Online Extra: Production Index Components

        
PRODUCTION INDICATORS
      
                                                         LATEST      WEEK   YEARLY
                                                           WEEK       AGO    % CHG
      STEEL              4/29 thous. of net tons          2,101     2,062#    -2.1
      AUTOS              4/29 units                      88,925    88,925#     2.4
      TRUCKS             4/29 units                     141,075   141,075#    -6.9
      ELECTRIC POWER     4/29 millions of kilowatt-hrs.  68,651    69,104#     3.0
      CRUDE-OIL REFINING 4/29 thous. of bbl./day         14,749    15,042#    -5.3
      COAL               4/22 thous. of net tons         23,900#   23,775     14.1
      LUMBER             4/22 millions of ft.             340.8#    344.3     -9.1
      RAIL FREIGHT       4/22 billions of ton-miles        33.5#     33.0      2.1
      
      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               4/21 1992=100      137.1      137.1      2.2
      STOCK PRICES                     4/28 S&P 500      1310.6     1311.3     13.3
      CORPORATE BOND YIELD, Aaa        4/28                 6.0%       5.9%    14.2
      MONEY SUPPLY, M2                 4/17 billions   $6,805.5   $6,773.9r     5.0
      INITIAL CLAIMS, UNEMPLOYMENT     4/29 thous.          322        317r    -5.6
      MORTGAGE APPLICATIONS, PURCHASE  4/29               433.3      389.4    -10.2
      MORTGAGE APPLICATIONS, REFINANCE 4/29              1565.6     1489.4    -24.0
      
      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                  5/3 $/troy oz.              673.600   635.500     57.1
      STEEL SCRAP           5/3 #1 heavy, $/ton          236.50    236.50     12.3
      COPPER               4/28 cents/lb.                339.8     316.6     121.8
      ALUMINUM             4/28 cents/lb.                130.1     127.2      45.8
      COTTON               4/28 strict low middling       
                                1-1/16 in., cents/lb.     51.19     53.12     -9.4
      OIL                   5/3 $/bbl.                    72.53     72.28     44.2
      CRB FOODSTUFFS        5/2 1967=100                 249.32    248.63     -2.3
      CRB RAW INDUSTRIALS   5/2 1967=100                 395.18    393.66     17.7
      
      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                  5/3      2.0761      2.1190      2.4639
      BRITISH POUND                   5/3        1.84        1.78        1.90
      CANADIAN DOLLAR                 5/3        1.11        1.13        1.25
      EUROPEAN EURO                   5/3      1.2632      1.2454      1.2947
      JAPANESE YEN                    5/3      113.58      114.73      104.56
      KOREAN WON                      5/3       934.3       946.6       999.7
      MEXICAN PESO                    5/3      10.973      11.146      10.960
      TRADE-WEIGHTED DOLLAR INDEX     5/3        88.2        89.5        89.2
      
      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              5/2                 4.79%     4.74%     2.95%
      COMMERCIAL PAPER           5/2 3-month         NA        4.90      NA
      CERTIFICATES OF DEPOSIT    5/2 3-month         5.11      5.07      3.16
      FIXED MORTGAGE            4/28 30-year         6.68      6.65      5.91
      ADJUSTABLE MORTGAGE       4/28 one-year        5.88      5.83      4.57
      PRIME                      5/2                 7.75      7.75      6.00
      
      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. 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