Online Extra: Production Index Components

      PRODUCTION INDICATORS
      
                                                           LATEST      WEEK   YEARLY
                                                             WEEK       AGO    % CHG
      STEEL              10/14 thous. of net tons           1,980     1,975#    -1.4
      AUTOS              10/14 units                       98,500    98,500#    12.8
      TRUCKS             10/14 units                      147,900   147,900#   -11.3
      ELECTRIC POWER     10/14 millions of kilowatt-hrs.   70,492    74,504#    -0.9
      CRUDE-OIL REFINING 10/14 thous. of bbl./day          14,987    15,274#    14.4
      COAL                10/7 thous. of net tons          21,843#   22,461      5.0
      LUMBER              10/7 millions of ft.              326.5#    315.7    -13.7
      RAIL FREIGHT        10/7 billions of ton-miles         34.5#     34.8      5.2
      
      Sources: American Iron & Steel Institute, Ward's Automotive Reports, Edison
      Electric Institute, American Petroleum Institute, Energy Dept., WWPA,
      Association of American Railroads
      
      
      LEADING INDICATORS
      
                                                          LATEST       WEEK   YEARLY
                                                            WEEK        AGO    % CHG
      ECRI LEADING INDEX                 10/6 1992=100     135.6      136.4r     0.6
      STOCK PRICES                      10/13 S&P 500     1365.6     1349.6     15.1
      CORPORATE BOND YIELD, Aaa         10/13                5.6%       5.5%     3.7
      MONEY SUPPLY, M2                   10/2 billions  $6,903.5   $6,889.1r     4.4
      INITIAL CLAIMS, UNEMPLOYMENT      10/14 thous.         299        309r   -12.8
      MORTGAGE APPLICATIONS, PURCHASE   10/14              384.7      383.3    -23.7
      MORTGAGE APPLICATIONS, REFINANCE  10/14             1758.2     1857.0    -16.1
      
      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                10/18 $/troy oz.            594.000   574.100     27.5
      STEEL SCRAP         10/18 #1 heavy, $/ton        197.83    201.33     -4.9
      COPPER              10/13 cents/lb.              344.9     337.8      78.1
      ALUMINUM            10/13 cents/lb.              123.7     120.0      34.2
      COTTON              10/13 strict low middling     
                                1-1/16 in., cents/lb.   48.62     49.11    -15.1
      OIL                 10/18 $/bbl.                  57.60     57.44     -6.9
      CRB FOODSTUFFS      10/17 1967=100               267.14    265.82      5.6
      CRB RAW INDUSTRIALS 10/17 1967=100               419.20    411.56     25.7
      
      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                10/18      2.1369      2.1595      2.2383
      BRITISH POUND                 10/18        1.87        1.85        1.77
      CANADIAN DOLLAR               10/18        1.14        1.14        1.18
      EUROPEAN EURO                 10/18      1.2533      1.2515      1.1992
      JAPANESE YEN                  10/18      118.92      119.78      115.44
      KOREAN WON                    10/18       955.4       958.3      1053.4
      MEXICAN PESO                  10/18      10.843      10.998      10.839
      TRADE-WEIGHTED DOLLAR INDEX   10/18        89.7        89.9        91.8
      
      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              10/17                  5.21%      5.28%      3.71%
      COMMERCIAL PAPER           10/17  3-month         NA         5.20       3.95
      CERTIFICATES OF DEPOSIT    10/17  3-month         5.32       5.32       4.13
      FIXED MORTGAGE             10/13  30-year         6.48       6.40       6.17
      ADJUSTABLE MORTGAGE        10/13  one-year        5.94       5.92       5.06
      PRIME                      10/17                  8.25       8.25       6.75
      
      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. NA=Not
      available  r=revised  NM=Not meaningful
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