Online Extra: Production Index Components

PRODUCTION INDICATORS
                                                      LATEST       WEEK    YEARLY
                                                        WEEK        AGO%      CHG
      
      STEEL 11/18 thous. of net tons                   1,782      1,868#     -8.9
      AUTOS 11/18 units                               83,600     83,600#     -0.5
      TRUCKS 11/18 units                             137,000    137,000#      6.6
      ELECTRIC POWER 11/18 millions of kilowatt-hrs.  72,042     71,604#      0.7
      CRUDE-OIL REFINING 11/18 thous. of bbl./day     14,782     15,042#      1.5
      COAL 11/11 thous. of net tons                   21,785#    22,387       3.2
      LUMBER 11/11 millions of ft.                     309.0#     320.9     -18.6
      RAIL FREIGHT 11/11 billions of ton-miles          33.5#      34.5      -0.6
      
      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 11/10 1992=100           138.1       137.9r      1.7
      STOCK PRICES 11/17 S&P 500                 1401.2      1380.9      12.3
      CORPORATE BOND YIELD, Aaa 11/17               5.3%        5.3%     -0.7
      MONEY SUPPLY, M2 11/6 billions           $6,962.6    $6,951.3r     5.0
      INITIAL CLAIMS, UNEMPLOYMENT 11/18 thous.     321         309r     -0.3
      MORTGAGE APPLICATIONS, PURCHASE 11/18       401.4       412.9     -15.0
      MORTGAGE APPLICATIONS, REFINANCE 11/18     1935.3      2022.2      22.2
      
      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 11/22 $/troy oz.                   631.800   617.750      29.6
      STEEL SCRAP 11/22 #1 heavy, $/ton        197.83    197.83      -4.9
      COPPER 11/17  cents/lb.                   312.3     331.5      49.0
      ALUMINUM 11/17  cents/lb.                 125.0     130.8      28.4
      COTTON 11/17 strict
       low middling 1-1/16 in.,  cents/lb.      49.81     50.85      -5.7
      OIL 11/22 $/bbl.                          58.05     58.71      -0.2
      CRB FOODSTUFFS 11/20 1967=100            271.25    269.08       8.2
      CRB RAW INDUSTRIALS 11/20 1967=100       438.74    435.66      31.9
      
      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 11/22                2.1650   2.1465   2.2390
      BRITISH POUND 11/22                   1.92     1.89     1.72
      CANADIAN DOLLAR 11/22                 1.14     1.14     1.17
      EUROPEAN EURO 11/22                 1.2944   1.2828   1.1823
      JAPANESE YEN 11/22                  116.57   118.02   118.74
      KOREAN WON 11/22                     934.0    941.5   1035.5
      MEXICAN PESO 11/22                  10.982   10.835   10.608
      TRADE-WEIGHTED DOLLAR INDEX 11/21     89.0     88.9     92.2
      
      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 11/21                       5.29%   5.25%   3.99%
      COMMERCIAL PAPER 11/21 3-month            5.14      NA    4.23
      CERTIFICATES OF DEPOSIT 11/21 3-month     5.32    5.33    4.36
      FIXED MORTGAGE 11/17 30-year              6.33    6.39    6.46
      ADJUSTABLE MORTGAGE 11/17 one-year        5.92    5.92    5.34
      PRIME 11/20                               8.25    8.25    7.00
      
      Sources: Federal Reserve, HSH Associates, Bloomberg Financial Markets
      
      # Raw data in the production indicators are seasonally adjusted in computing
      the BW index; 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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