PRODUCTION INDICATORS

LATEST WEEK YEARLY

WEEK AGO% CHG

STEEL 6/23 thous. of net tons 2,101 2,084# 1.9

AUTOS 6/23 units 93,000 93,000# 14.4

TRUCKS 6/23 units 162,400 162,400# 24.1

ELECTRIC POWER 6/23 millions of kilowatt-hrs. 84,607 81,410# -2.0

CRUDE-OIL REFINING 6/23 thous. of bbl./day 14,867 14,542# -6.8

COAL 6/16 thous. of net tons 22,543# 21,302 -0.4

LUMBER 6/16 millions of ft. 300.9# 302.9 -14.5

RAIL FREIGHT 6/16 billions of ton-miles 34.5# 33.5 -1.1

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 6/15 1992=100 142.9 143.7r 4.8

STOCK PRICES 6/22 S&P 500 1502.6 1532.9 20.7

CORPORATE BOND YIELD, Aaa 6/22 5.9% 5.9% -2.2

MONEY SUPPLY, M2 6/11 billions $7,247.6 $7,240.1r 6.6

INITIAL CLAIMS, UNEMPLOYMENT 6/23 thous. 313 326r 0.3

MORTGAGE APPLICATIONS, PURCHASE 6/23 428.9 450.9 10.3

MORTGAGE APPLICATIONS, REFINANCE 6/23 1731.6 1776.8 27.7

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 6/27 $/troy oz. 642.100 657.700 10.2

STEEL SCRAP 6/28 #1 heavy, $/ton 240.83 240.83 -1.8

COPPER 6/22 cents/lb. 347.0 341.4 4.0

ALUMINUM 6/22 cents/lb. 123.7 123.0 6.3

COTTON 6/22 strict low

middling 1-1/16 in., cents/lb. 55.97 51.88 8.5

OIL 6/27 $/bbl. 69.05 68.14 -4.4

CRB FOODSTUFFS 6/26 1967=100 321.29 325.01 25.7

CRB RAW INDUSTRIALS 6/26 1967=100 493.29 497.01 23.9

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 6/27 1.9345 1.9340 2.2200

BRITISH POUND 6/27 2.00 1.99 1.82

CANADIAN DOLLAR 6/27 1.07 1.07 1.12

EUROPEAN EURO 6/27 1.3453 1.3405 1.2557

JAPANESE YEN 6/27 122.83 123.57 116.48

KOREAN WON 6/27 927.7 927.5 957.7

MEXICAN PESO 6/27 10.817 10.842 11.418

TRADE-WEIGHTED DOLLAR INDEX 6/27 86.8 86.8 89.9

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 6/26 5.25% 5.21% 5.02%

COMMERCIAL PAPER 6/26 3-month 5.24 5.25 NA

CERTIFICATES OF DEPOSIT 6/26 3-month 5.33 5.32 5.48

FIXED MORTGAGE 6/22 30-year 6.81 6.86 6.76

ADJUSTABLE MORTGAGE 6/22 one-year 6.10 6.06 5.96

PRIME 6/26 8.25 8.25 8.00

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