Where the economy is heading
KEY INDICATORS Real growth, GNP 4th Qtr. 82 3rd Qtr. 82 Past year Percent, annual rate -2.5 0.7 -1.8 Index of leading indicators Latest Month ago Year ago Seasonally adjusted 132.8 130.8 127.2 'Discomfort' index Inflation + unemployment 15.3 15.7 13.4 Dow Jones 30 industrials 1077.91 1046.08 847.03 New York Stock Exch. Composite index 84.29 81.29 67.30 Unemployment Percent 10.4 10.8 8.5 Civilian employment Millions, seasonally adj. 99.1 99.0 99.6 Auto production Units 383,606 404,229 349,800 Average weekly wages In 1977 dollars $168.61 $166.96 $167.91 Housing starts Millions of units 1.22 1.43 0.88 Industrial production % change 0.1 -0.7 -2.12 Productivity 4th Qtr 82 3rd Qtr 82 Last year % change, annual rate 4.1 3.6 2.0 Savings rate 4th Qtr 82 3rd Qtr 82 Last year Percent of salary 5.8 6.9 6.5 Corporate profits 3rd Qtr 82 2nd Qtr 82 3rd Qtr 81 Billions, after taxes $119.4 $116.3 $150.8 New plant & equipment 4th Qtr 82 3rd Qtr 82 3rd Qtr 81 Invest., non-farm, bills. $315.21 $315.79 $327.83 US crude oil inventories Latest Month ago Year ago 335 Million/barrels avg. 362 348 375 US crude oil production Millions/barrels/day 8.6 8.6 8.6 US oil imports Millions/barrels/day 3.2 3.1 3.1 PRICES Consumer price index Latest Jan.-Dec. 12-month % change, annual rate 7.1 3.9 3.9 Gasoline Latest Month ago Year ago Per gallon, unleaded $1.260 $1.280 $1.365 Home heating oil Per gallon $1.229 $1.237 $1.247 Wheat Per bushel $4.065 $4.10 $4.26 Gold Latest Month ago Year ago London close, oz. $498.50 $450.50 $383.75 Silver New York close, oz. $14.13 $11.25 $8.145 Existing homes Latest Prev. month Year ago Median US sales price $67,500 $67,700 $66,600 Implicit price deflator 4th Qtr 82 3rd Qtr 82 4th Qtr 81 % change, annual rate 4.3 5.0 8.8 INTEREST RATES Prime rate This week Month ago Year ago Percent 11.00 11.00 16.50 AAA corporate bonds Percent yield 12.08 11.74 15.34 Treasury-bill rates 91-day, percent yield 8.122 7.896 13.364 Home mortgages Latest Month ago Year ago 25% down, 25 years Avg. 'quoted' rate 13.76 14.15 16.99 Avg. contract rate 14.22 14.63 17.51 New car loans Avg. %, 5 Boston banks 17.63 18.12 19.20 Money market funds 7-day 30-day 12month Percent, avg. yield 7.81 7.93 12.23
Sources for table
Tables and graphs above are based on data from the American Petroleum Institute, Board of Trade of Kansas City, Comex Inc. Donoghue's Money Fund Report of Holliston, Ma 01746, Federal Home Loan Bank Board, Federal Reserve Board, Massachusetts Commissioner of Banks, Moody's Investor Service, Motor Vehicle Manufacturers Association, National Association of Realtors, New York Stock Exchange, US Census Bureau, US Commerce Department Bureau of Economic Analysis, US Labor Department Bureau of Labor Statistics, US Department of Treasury. Census Bureau, US Commerce Department Bureau of Economic Analysis, US Labor Department Bureau of Labor Statistics, US Department of Treasury.