Online Extra: Production Index Components

PRODUCTION INDICATORS
      
                                                                LATEST         WEEK      YEARLY
                                                                  WEEK          AGO       % CHG
      STEEL                 9/8  thous. of net tons              2,092        2,062#        1.2
      AUTOS                 9/8  units                          73,520       73,520#      -25.4
      TRUCKS                9/8  units                         141,340      141,340#       -4.4
      ELECTRIC POWER        9/8  millions of kilowatt-hrs.      88,495       90,365#       13.4
      CRUDE-OIL REFINING    9/8  thous. of bbl./day             15,441       15,496#       -3.9
      COAL                  9/1  thous. of net tons             22,490#      22,612        -1.1
      LUMBER                9/1  millions of ft.                 298.6#       313.8       -15.3
      RAIL FREIGHT          9/1  billions of ton-miles            36.0#        35.3         0.3
      
      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                   8/31  1992=100          140.4        139.2r       3.4
      STOCK PRICES                          9/7  S&P 500          1453.6       1474.0       11.9
      CORPORATE BOND YIELD, Aaa             9/7                      5.7%         5.8%       1.6
      MONEY SUPPLY, M2                     8/27  billions       $7,400.0     $7,335.1r       7.6
      INITIAL CLAIMS, UNEMPLOYMENT          9/8  thous.              319          315r       2.2
      MORTGAGE APPLICATIONS, PURCHASE       9/8                    448.0        425.8        9.2
      MORTGAGE APPLICATIONS, REFINANCE      9/8                   1876.6       1770.2       17.5
      
      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                      9/12  $/troy oz.               706.000     680.250       19.9
      STEEL SCRAP               9/13  #1 heavy, $/ton           265.50      255.83       34.1
      COPPER                     9/7  cents/lb.                 335.2       342.4        -9.6
      ALUMINUM                   9/7  cents/lb.                 112.5       115.5        -7.1
      COTTON                     9/7  strict low middling       
                                      1-1/16 in., cents/lb.      57.47       55.45       12.2
      OIL                       9/12  $/bbl.                     79.96       75.95       24.6
      CRB FOODSTUFFS            9/11  1967=100                  323.71      320.37       20.5
      CRB RAW INDUSTRIALS       9/11  1967=100                  493.95      493.45       22.5
      
      Sources: London Wednesday final setting, Metal Bulletin, Platt's Metals Week,
      Memphis market, NYMEX, Commodity Research Bureau
      
      
      FOREIGN EXCHANGE
      
                                                       LATEST            WEEK            YEAR
                                                         WEEK             AGO             AGO
      BRAZILIAN REAL                     9/12          1.9130          1.9650          2.1597
      BRITISH POUND                      9/12            2.03            2.02            1.88
      CANADIAN DOLLAR                    9/12            1.04            1.05            1.12
      EUROPEAN EURO                      9/12          1.3903          1.3646          1.2690
      JAPANESE YEN                       9/12          114.25          115.28          117.68
      KOREAN WON                         9/12           931.8           941.0           959.0
      MEXICAN PESO                       9/12          11.104          11.078          10.983
      TRADE-WEIGHTED DOLLAR INDEX        9/12            84.6            85.4            89.0
      
      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                  9/11                     5.06%        5.22%        5.21%
      COMMERCIAL PAPER               9/11  3-month            5.00         NA           NA
      CERTIFICATES OF DEPOSIT        9/11  3-month            5.72         5.70         5.35
      FIXED MORTGAGE                  9/7  30-year            6.92         6.94         6.53
      ADJUSTABLE MORTGAGE             9/7  one-year           6.30         6.30         5.97
      PRIME                          9/11                     8.25         8.25         8.25
      
      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.
      NA=Not available  r=revised  NM=Not meaningful
    Before it's here, it's on the Bloomberg Terminal.
    LEARN MORE