Online Extra: Production Index Components

PRODUCTION INDICATORS
                                                      LATEST       WEEK    YEARLY
                                                        WEEK        AGO%      CHG
      
      STEEL 5/27 thous. of net tons                    2,078      2,094#      4.5
      AUTOS 5/27 units                                81,360     81,360#      3.9
      TRUCKS 5/27 units                              129,720    129,720#     -5.4
      ELECTRIC POWER 5/27 millions of kilowatt-hrs.   73,935     69,451#      3.4
      CRUDE-OIL REFINING 5/27 thous. of bbl./day      15,530     15,098#     -2.4
      COAL 5/20 thous. of net tons                    22,916#    23,482      25.9
      LUMBER 5/20 millions of ft.                      359.6#     363.1      -8.0
      RAIL FREIGHT 5/20 billions of ton-miles           34.4#      33.9      10.3
      
      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 5/19 1992=100             137.0       137.6        3.3
      STOCK PRICES 5/26 S&P 500                   1280.2      1267.0        6.8
      CORPORATE BOND YIELD, Aaa 5/26                 5.9%        5.9%      15.7
      MONEY SUPPLY, M2 5/15 billions             $6,779.6    $6,771.2r      4.5
      INITIAL CLAIMS, UNEMPLOYMENT 5/27 thous.       336         329       -2.9
      MORTGAGE APPLICATIONS, PURCHASE 5/27         395.5       396.4      -14.5
      MORTGAGE APPLICATIONS, REFINANCE 5/27       1409.0      1480.5      -34.2
      
      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 5/31 $/troy oz.                653.000    648.500       57.2
      STEEL SCRAP 5/31 #1 heavy, $/ton     283.33     283.33       64.6
      COPPER 5/26  cents/lb.                395.1      389.7      150.5
      ALUMINUM 5/26  cents/lb.              130.2      137.2       53.5
      COTTON 5/26 strict low
       middling 1-1/16 in.,  cents/lb.      50.43      50.89       -2.1
      OIL 5/31 $/bbl.                       71.35      69.49       30.1
      CRB FOODSTUFFS 5/30 1967=100         249.03     251.87       -1.8
      CRB RAW INDUSTRIALS 5/30 1967=100    405.99     399.35       22.9
      
      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 5/31                2.3070    2.3275   2.4570
      BRITISH POUND 5/31                   1.87      1.87     1.81
      CANADIAN DOLLAR 5/31                 1.10      1.12     1.25
      EUROPEAN EURO 5/31                 1.2808    1.2754   1.2180
      JAPANESE YEN 5/31                  112.65    112.94   108.76
      KOREAN WON 5/31                     945.7     949.6   1010.5
      MEXICAN PESO 5/31                  11.337    11.216   10.820
      TRADE-WEIGHTED DOLLAR INDEX 5/31     88.1      88.7     90.9
      
      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 5/30                        5.02%    4.94%    3.09%
      COMMERCIAL PAPER 5/29 3-month               NA     5.01       NA
      CERTIFICATES OF DEPOSIT 5/30 3-month      5.20     5.18     3.28
      FIXED MORTGAGE 5/26 30-year               6.74     6.78     5.82
      ADJUSTABLE MORTGAGE 5/26 one-year         5.95     5.94     4.52
      PRIME 5/30                                8.00     8.00     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