HOURLY COMPENSATION COSTS FOR PRODUCTION WORKERS IN MANUFACTURING
29 COUNTRIES OR AREAS
40 MANUFACTURING INDUSTRIES, 1975 AND 1986-97

United States Bureau of Labor Statistics


General Notes
Technical Notes
Revised Measures
All Manufacturing
Food, Beverages, and Tobacco
Textiles, Apparel, and Leather Products
      Textile Mill Products
      Apparel and Other Textile Products
      Leather and Leather Products
            Leather Footwear
Lumber, Wood Products, and Furniture
      Lumber and Wood Products
      Furniture and Fixtures
Paper, Printing, and Publishing
      Paper and Allied Products
      Printing and Publishing
Chemicals & Petroleum, Rubber & Plastics
      Chemicals and Allied Products
      Petroleum and Coal Products
            Petroleum Refining
      Rubber and Plastics Products
            Rubber Products 
Tires and Inner Tubes
            Plastics Products
Stone, Clay, and Glass Products
      Glass and Glassware
      Pottery and Related Products
Primary Metal Industries
      Iron and Steel
      Nonferrous Metals
Metal Products, Machinery & Equipment
      Fabricated Metal Products   
      Industrial-Commercial Machinery & Equipment
            Electronic & Other Electrical Equipment
                  Electronic Equipment
                        Household Audio & Video Equipment
                        Electronic Components & Accessories 
      Transportation Equipment 
            Motor Vehicles and Equipment
            Aircraft, Space Vehicles, and Parts
            Ship and Boat Building and Repairing
      Instruments and Related Products
Miscellaneous Manufacturing
Exchange Rates
General Notes:
The measures for total manufacturing were published in news release USDL 98-376, 
"International Comparisons Of Hourly Compensation Costs For Production Workers 
In Manufacturing, 1997," September 16, 1998.  The measures for individual 
manufacturing industries have not been published because there are technical 
limitations associated with them.  For more information about these limitations, 
see the introduction.  Although the data are not published, there are no 
restrictions on their use.
The measures in these tables are shown according to the U.S. 1987 Standard 
Industrial Classification (SIC) for every U.S. two-digit level industry and 
selected three-digit industries.  Data are also shown for two-digit level 
International Standard Industrial Classification (ISIC) Rev. 2 industry groups.
National currency units shown are: United States, dollar; Canada, dollar; 
Mexico, old peso (1975-92), new peso (1993-97); Australia,  dollar; Hong Kong, 
dollar; Israel, shekel (1975-84), new shekel (1985-97); Japan, yen; Korea, won; 
New Zealand, dollar; Singapore,     dollar; Sri Lanka, rupee; Taiwan, dollar; 
Austria, schilling; Belgium, franc; Denmark, krone; Finland, markka; France, 
franc; Germany,   mark; Greece, drachma; Ireland, pound; Italy, lira; 
Luxembourg, franc; Netherlands, guilder; Norway, krone; Portugal, escudo; Spain,   
peseta; Sweden, krona; Switzerland, franc; Turkey, lira; United Kingdom, pound.
Germany refers  to  former  West  Germany.
..     Data  not  available.
--     Index not shown.  Direct comparison with the United States measure is not 
appropriate due to industrial  classification differences.

Prepared  By:  U.S.  Department  of  Labor,  Bureau  of  Labor  Statistics,
Office  of  Productivity  And  Technology,  May 24,  1999.
Technical Notes
Introduction
The accompanying tables present international comparisons of hourly compensation 
costs for production workers in manufacturing industries in selected countries 
or areas.  The total compensation measures are prepared by the Bureau of Labor 
Statistics in order to assess international differences in employer labor costs.  
Comparisons based on the more readily available average earnings statistics 
published by many countries can be very misleading:  national definitions of 
average earnings differ considerably; average earnings do not include all items 
of labor compensation; and the omitted items of compensation frequently 
represent a large proportion of total compensation.
The compensation measures are computed in national currency units and are 
converted into U.S. dollars at prevailing commercial market currency exchange 
rates.  They are an appropriate measure for comparing levels of employer labor 
costs.  They do not indicate relative living standards of workers or the 
purchasing power of their income.  Prices of goods and services vary greatly 
among countries, and commercial market exchange rates are not reliable 
indicators of relative differences in prices.
Technical limitations to the measures at the two-digit and especially at the 
three-digit industry level are more pronounced than at the all manufacturing 
level.  Approximations of trends in items of compensation not included in 
earnings (using data for more aggregate industries) are used for some industries 
at the two-digit and three-digit level.  In addition, differences in industrial 
classifications among countries can limit the comparability of some industry 
level measures. This is particularly true at this time of transition in 
industrial classification systems. The degree to which technical limitations 
hamper comparability varies by country.
Industrial Classifications
The measures in these tables are shown according to the U.S. 1987 Standard 
Industrial Classification (SIC) for every U.S. two-digit level industry and 
selected three-digit industries.  Data are also shown for two-digit level
International Standard Industrial Classification (ISIC) Rev. 2 industry groups.
Definitions
Hourly compensation costs include (1) hourly direct pay and (2) employer social 
insurance expenditures and other labor taxes.  Hourly direct pay includes all 
payments made directly to the worker, before payroll deductions of any kind, 
consisting of (a) pay for time worked (basic time and piece rates plus overtime 
premiums, shift differentials, other premiums and bonuses paid regularly each 
pay period, and cost-of-living adjustments) and (b) other direct pay (pay for 
time not worked (vacations, holidays, and other leave, except sick leave), 
seasonal or irregular bonuses and other special payments, selected social 
allowances, and the cost of payments in kind).  Social insurance expenditures 
and other labor taxes include (c) employer expenditures for legally required 
insurance programs and contractual and private benefit plans (retirement and 
disability pensions, health insurance, income guarantee insurance and sick 
leave, life and accident insurance, occupational injury and illness 
compensation, unemployment insurance, and family allowances) and, for some 
countries, (d) other labor taxes (other taxes on payrolls or employment (or 
reductions to reflect subsidies), even if they do not finance programs that 
directly benefit workers, because such taxes are regarded as labor costs).  For 
consistency, compensation is measured on an hours-worked basis for every 
country.
The BLS definition of hourly compensation costs is not the same as the 
International Labour Office (ILO) definition of total labor costs. Hourly 
compensation costs do not include all items of labor costs. The costs of 
recruitment, employee training, and plant facilities and services--such as 
cafeterias and medical clinics--are not included because data are not available 
for most countries.  The labor costs not included account for no more than 4 percent
of total labor costs in any country for which the data are available.
Production workers generally include those employees who are engaged in 
fabricating, assembly, and related activities; material handling, warehousing, 
and shipping; maintenance and repair; janitorial and guard services; auxiliary 
production (e.g., powerplants); and other services closely related to the above 
activities.  Working supervisors are generally included; apprentices and other 
trainees are generally excluded.
Methods
Total compensation is computed by adjusting each country's average earnings 
series by additional compensation adjustment factors that cover items of direct 
pay not included in earnings and employer expenditures for legally required 
insurance, contractual and private benefit plans, and other labor taxes.  For 
the United States and other countries that measure earnings on an hours-paid 
basis, the figures are also adjusted in order to approximate compensation per 
hour worked.  Descriptions of the country surveys used for the Bureau's 
comparative measures, including definitions and survey coverage, are based on 
information provided by each country.
Earnings statistics are obtained from surveys of employment, hours, and earnings 
for most countries.  They are obtained from surveys or censuses of manufactures 
for five countries--Mexico, Israel, Austria, Denmark, and Portugal.  The surveys 
of employment, hours, and earnings are stratified sample surveys of 
establishments for most countries (except they are full surveys of 
establishments covered for Finland, Luxembourg, and Norway and a judgment sample 
for Switzerland).  The surveys of manufactures are stratified sample surveys of 
establishments which collect data on industrial production and other industrial 
statistics, including labor input and labor cost.  Censuses are complete 
enumerations of business establishments.
Benchmark adjustment factors are obtained from periodic labor cost surveys 
(generally undertaken every 3-5 years) and interpolated or projected to 
nonsurvey years on the basis of other available information for most countries.  
The labor cost surveys are stratified sample surveys of establishments (full 
surveys for Ireland, Italy, and Luxembourg).  The information used to 
interpolate or project the adjustment factors to nonsurvey years includes annual 
tabulations on employer social security contribution rates provided by the 
International Studies Staff of the U.S. Social Security Administration, 
information on contractual and legislated fringe benefit changes from 
ILO and national labor bulletins, and statistical series on indirect labor 
costs.  The adjustment factors are obtained from surveys of manufactures for 
Mexico and Portugal, and from reports on fringe benefit systems and social 
security for Hong Kong, Israel, New Zealand, Singapore, and Sri Lanka.  For the 
United States, the adjustment factors are special calculations for international 
comparisons based on data from several surveys.
The statistics are also adjusted, where necessary, to account for major 
differences in worker coverage; differences in industrial classification 
systems; and changes over time in survey coverage, sample benchmarks, or 
frequency of surveys.  Nevertheless, some differences in industrial coverage 
remain and, with the exception of the United States, Canada, and several other 
countries, the data exclude very small establishments (less than 5 employees in 
Japan and less than 10 employees in most European and some other countries).
Exceptions to the standard coverage and definitions and special estimation 
procedures are explained in the country notes following the tables.
Hourly compensation costs are converted to U.S. dollars using the average daily 
exchange rate for the reference period.  Changes in hourly compensation in U.S. 
dollars from one period to another are therefore affected by changes in currency 
exchange rates as well as by changes in compensation.  The exchange rates used 
are prevailing commercial market exchange rates as published by either the U.S. 
Federal Reserve Board or the International Monetary Fund.  The exchange rates 
used are shown in the table on page 118.
Data Limitations
Because compensation is partly estimated, the statistics should not be 
considered as precise measures of comparative compensation costs.  In addition, 
the figures are subject to revision as the results of new labor cost surveys or 
other data used to estimate total compensation become available.
Labor Costs Versus Labor Income
The hourly compensation figures in U.S. dollars shown in the tables provide 
comparative measures of employer labor costs; they do not provide intercountry 
comparisons of the purchasing power of worker incomes.  Prices of goods and 
services vary greatly among countries, and the commercial market exchange rates 
used to compare employer labor costs do not reliably indicate relative 
differences in prices.  Purchasing power parities--that is, the number of 
foreign currency units required to buy goods and services equivalent to what can 
be purchased with one unit of U.S. or other base-country currency--must be used 
for meaningful international comparisons of the relative purchasing power of 
worker incomes.
Total compensation converted to U.S. dollars at purchasing power parities would 
provide one measure for comparing relative real levels of labor income.  It 
should be noted, however, that total compensation includes employer payments to 
funds for the benefit of workers in addition to payments made directly to 
workers.  (For a few countries, the compensation measures also include taxes or 
subsidies on payrolls or employment even if they do not finance programs which 
directly benefit workers.)  Payments into these funds provide either deferred 
income (e.g., payments to retirement funds), a type of insurance (e.g., payments 
to unemployment or health benefit funds), or current social benefits (e.g., 
family allowances), and the relationship between employer payments and current 
or future worker benefits is indirect.  On the other hand, excluding these 
payments would understate the total value of income derived from work because 
they substitute for worker savings or self-insurance to cover retirement, 
medical costs, etc.
Total compensation, since it takes account of employer payments into funds for 
the benefit of workers, is a broader income concept than either total direct 
earnings or direct spendable earnings.  An even broader concept would take 
account of all social benefits available to workers, including those financed 
out of general revenues as well as those financed through employment or payroll 
taxes.
Revised Measures

Major revisions were made to the data included in the prior update of these 
tables (September 1996) for 18 of the countries or areas covered.  These 
revisions reflect mainly incorporation of data from new labor cost surveys, 
changes in country industrial classifications, changes in methods of national 
surveys, or changes in BLS calculation procedures.  
1992 EUROSTAT labor cost surveys
Most countries do not conduct labor cost surveys every year; rather, surveys are 
conducted periodically.  The results from these surveys are used by BLS to 
calculate benchmarks of additional compensation adjustment factors.  The 
adjustment factors are then interpolated between or projected from the 
benchmarks using other available information.
In the current update of these tables, hourly compensation costs series for all 
European Union countries except Portugal were revised from 1989 to incorporate 
new data from the harmonized 1992 labor cost surveys.  
The 1992 surveys were conducted with a new model questionnaire; industry data 
were published using a revised industrial classification; and data were 
published by the Statistical Office of the European Commission (Eurostat) for 
all employees only.  Only Germany collected and published data for production 
workers and for all employees.
Additional compensation data for France, Ireland, the Netherlands, Spain, and 
the United Kingdom already related to all employees in previous updates of these 
tables.  For this update, BLS used changes in all-employee compensation 
structure to estimate 1992 benchmark adjustment factors for production workers 
for Belgium, Denmark, Greece, and Italy.  
For Luxembourg, all-employee compensation structure data were used to recompute 
benchmark adjustment factors from earlier labor cost surveys and to revise 
additional compensation costs from 1975 on.  Consequently, the hourly 
compensation cost series for Luxembourg is revised for all years.
Because of changes in the labor cost surveys, BLS made adjustments to the 
published data on irregular bonuses in France and pay for time worked in the 
United Kingdom for historical continuity. 
For France, Germany, Italy, and the United Kingdom, 1992 benchmark additional 
compensation adjustment factors were computed for each component industry.  For 
Belgium, Denmark, Greece, Ireland, Luxembourg, the Netherlands, and Spain, BLS 
incorporated 1992 labor cost survey data in computing additional compensation 
benchmarks for all manufacturing; the trends for all manufacturing were then 
used to extrapolate additional compensation costs in the component industries 
from 1989 forward.  Labor cost survey data from 1992 for component industries 
will be incorporated in a future update.
Changes in industrial classification
Data availability and series continuity were affected by changes in industrial 
classifications for several countries.
Data are not available for some component industries for Korea (from 1993), 
Sweden (from 1994), and Spain (from 1996); there are breaks in series for the 
other industries.  
Data are not available for some component industries for the United Kingdom from 
1996; for the other industries, data on the new classification are linked to 
data on the old classification.
For Australia, data are not shown from 1995 for any component industries because 
of breaks in series due to a major change in industrial classification.
For Germany, data on an old classification are linked to data on a new 
classification at October 1995.  Consequently, the hourly compensation cost 
series are revised for all years prior to 1996.
Other revisions
For Canada, data for selected industries were revised back to 1983 because of 
revised methodology in the Canadian survey of employment, payrolls, and hours.  
Future revisions are possible.
A new monthly industrial survey, with expanded industry coverage, was used to 
compute the measures from 1995 for Mexico.
Hourly compensation costs for Japan were revised back to 1991 to incorporate 
Monthly Labour Survey benchmarks and the results of a 1995 labor cost survey.
Revisions for Taiwan reflect incorporation of newly acquired labor cost survey 
data for 1989-94 and 1996.
For Belgium, data are not shown for component industries from 1995.   Series 
links are not available to adjust for a wage survey sample change.
Additional compensation costs for Italy were revised back to 1989 to incorporate 
new information on holiday and vacation pay and employer social insurance 
expenditures as well as the 1992 labor cost survey benchmark.
Additional compensation costs for Sweden were revised back to 1993 to 
incorporate a different method for calculating sick leave.
HOURLY COMPENSATION COSTS FOR PRODUCTION WORKERS: INDEX U.S. = 100
                                                                                                          PAGE   6
ALL MANUFACTURING
1975 AND 1987-97
---------------------------------------------------------------------------------------------------------------------
COUNTRY OR AREA       1975    1987    1988    1989    1990    1991    1992    1993    1994    1995    1996    1997
---------------------------------------------------------------------------------------------------------------------
UNITED STATES          100     100     100     100     100     100     100     100     100     100     100     100
CANADA                  94      89      97     103     106     110     106     100      94      93      94      91
MEXICO                  23       8       9      10      11      12      13      15      15       9       9      10
AUSTRALIA               88      70      82      87      88      87      81      76      83      88      93      88
HONG KONG SAR (1)       12      15      17      19      21      23      24      26      27      28      29      30
ISRAEL                  35      47      55      54      57      56      56      53      54      61      62      66
JAPAN                   47      80      91      88      86      94     102     116     127     139     118     106
KOREA                    5      12      16      22      25      30      32      34      38      42      46      40
NEW ZEALAND             50      50      59      54      56      54      49      49      53      59      62      60
SINGAPORE               13      17      19      22      25      28      31      32      37      43      47      45
SRI LANKA                4       2       2       2       2       3       2       3       3       3       3      ..
TAIWAN                   6      17      20      25      26      28      32      32      33      34      34      32
AUSTRIA (1)             71     101     104      99     119     116     126     122     128     147     139     120
BELGIUM                101     113     114     108     129     127     137     130     137     155     146     125
DENMARK                 99     108     109     101     121     118     126     116     120     140     136     121
FINLAND (1)             72      99     113     118     141     136     124     101     113     140     133     118
FRANCE                  71      91      93      88     104     100     109     102     105     116     113      99
GERMANY (1)             99     125     131     123     147     145     158     153     160     187     180     155
GREECE                  27      34      38      38      45      45      47      44      46      53      54      ..
IRELAND                 48      69      72      67      78      76      82      72      73      79      78      74
ITALY                   73      96     101     101     117     118     120      96      94      94     100      92
LUXEMBOURG             102      99     102      97     112     110     119     114     121     136     127      ..
NETHERLANDS            103     112     114     105     121     116     125     122     123     140     130     113
NORWAY                 106     124     133     128     144     139     143     122     124     142     142     130
PORTUGAL                25      19      20      21      25      27      32      27      27      31      32      29
SPAIN                   40      56      61      63      76      79      84      70      68      75      76      67
SWEDEN (1)             113     112     121     122     140     142     153     107     110     125     138     122
SWITZERLAND             96     126     129     117     140     139     144     137     148     170     160     133
UNITED KINGDOM          53      67      76      74      85      88      89      75      76      80      80      85
---------------------------------------------------------------------------------------------------------------------
(1) INDUSTRY NOTES:
HONG KONG: AVERAGE OF SELECTED MANUFACTURING INDUSTRIES.  HONG KONG SPECIAL ADMINISTRATIVE REGION OF CHINA.
AUSTRIA: EXCLUDING HANDICRAFT MANUFACTURES & ALL PRINTING & PUBLISHING & MISCELLANOUS MANUFACTURING.
FINLAND: INCLUDING MINING & ELECTRICAL POWER PLANTS.  BREAK IN SERIES AT 1994.
GERMANY: FORMER WEST GERMANY.  EXCLUDING HANDICRAFT MANUFACTURERS.
SWEDEN: BREAK IN SERIES AT 1994.
SOURCE: U.S. BUREAU OF LABOR STATISTICS, MAY 1999.
HOURLY COMPENSATION COSTS FOR PRODUCTION WORKERS IN U.S. DOLLARS
                                                                                                          PAGE   7
ALL MANUFACTURING
1975 AND 1987-97
---------------------------------------------------------------------------------------------------------------------
COUNTRY OR AREA       1975    1987    1988    1989    1990    1991    1992    1993    1994    1995    1996    1997
---------------------------------------------------------------------------------------------------------------------
UNITED STATES         6.36   13.52   13.91   14.32   14.91   15.58   16.09   16.51   16.87   17.19   17.70   18.24
CANADA                5.96   12.04   13.50   14.77   15.84   17.16   17.03   16.43   15.85   16.04   16.66   16.55
MEXICO                1.47    1.04    1.25    1.43    1.58    1.84    2.17    2.40    2.47    1.51    1.54    1.75
AUSTRALIA             5.62    9.46   11.35   12.41   13.07   13.53   13.02   12.49   14.02   15.05   16.52   16.00
HONG KONG SAR (1)      .76    2.09    2.40    2.79    3.20    3.58    3.92    4.29    4.61    4.82    5.14    5.42
ISRAEL                2.25    6.34    7.67    7.69    8.55    8.79    9.09    8.82    9.19   10.54   10.99   12.05
JAPAN                 3.00   10.79   12.63   12.53   12.80   14.67   16.38   19.21   21.35   23.82   20.91   19.37
KOREA                  .32    1.59    2.20    3.17    3.71    4.61    5.22    5.64    6.40    7.29    8.09    7.22
NEW ZEALAND           3.21    6.77    8.19    7.80    8.33    8.36    7.91    8.01    8.93   10.11   11.03   11.02
SINGAPORE              .84    2.31    2.67    3.15    3.78    4.35    4.95    5.25    6.29    7.33    8.32    8.24
SRI LANKA              .28     .30     .31     .31     .35     .40     .40     .42     .45     .48     .48      ..
TAIWAN                 .40    2.26    2.81    3.52    3.93    4.36    5.09    5.23    5.55    5.92    5.93    5.89
AUSTRIA (1)           4.51   13.67   14.52   14.16   17.75   18.09   20.29   20.16   21.51   25.21   24.66   21.92
BELGIUM               6.41   15.25   15.82   15.48   19.17   19.75   22.05   21.44   23.07   26.65   25.89   22.82
DENMARK               6.28   14.61   15.19   14.53   18.04   18.39   20.20   19.11   20.30   24.07   24.11   22.02
FINLAND (1)           4.61   13.44   15.70   16.85   21.03   21.25   19.92   16.63   19.06   24.14   23.56   21.44
FRANCE                4.52   12.29   12.95   12.65   15.49   15.65   17.46   16.79   17.63   20.01   19.92   17.97
GERMANY (1)           6.31   16.91   18.16   17.66   21.88   22.63   25.38   25.32   27.03   32.22   31.79   28.28
GREECE                1.69    4.61    5.22    5.49    6.76    6.95    7.60    7.23    7.73    9.17    9.59      ..
IRELAND               3.03    9.31   10.00    9.61   11.66   11.91   13.12   11.89   12.39   13.57   13.85   13.57
ITALY                 4.67   13.02   13.98   14.40   17.45   18.32   19.35   15.80   15.89   16.21   17.73   16.74
LUXEMBOURG            6.50   13.35   14.22   13.92   16.74   17.14   19.10   18.74   20.33   23.35   22.55      ..
NETHERLANDS           6.58   15.14   15.83   15.00   18.06   18.13   20.10   20.08   20.80   24.02   23.08   20.61
NORWAY                6.77   16.79   18.45   18.29   21.47   21.63   23.03   20.21   20.97   24.38   25.05   23.72
PORTUGAL              1.58    2.52    2.78    2.97    3.77    4.24    5.17    4.50    4.60    5.37    5.58    5.29
SPAIN                 2.53    7.63    8.55    8.96   11.38   12.29   13.50   11.62   11.54   12.88   13.51   12.16
SWEDEN (1)            7.18   15.12   16.82   17.52   20.93   22.15   24.59   17.59   18.62   21.44   24.37   22.24
SWITZERLAND           6.09   17.08   18.01   16.73   20.86   21.69   23.23   22.63   24.91   29.30   28.34   24.19
UNITED KINGDOM        3.37    9.09   10.61   10.56   12.70   13.74   14.37   12.41   12.80   13.67   14.13   15.47
---------------------------------------------------------------------------------------------------------------------
(1) INDUSTRY NOTES:
HONG KONG: AVERAGE OF SELECTED MANUFACTURING INDUSTRIES.  HONG KONG SPECIAL ADMINISTRATIVE REGION OF CHINA.
AUSTRIA: EXCLUDING HANDICRAFT MANUFACTURES & ALL PRINTING & PUBLISHING & MISCELLANOUS MANUFACTURING.
FINLAND: INCLUDING MINING & ELECTRICAL POWER PLANTS.  BREAK IN SERIES AT 1994
GERMANY: FORMER WEST GERMANY.  EXCLUDING HANDICRAFT MANUFACTURERS.
SWEDEN: BREAK IN SERIES AT 1994.
SOURCE: U.S. BUREAU OF LABOR STATISTICS, MAY 1999.
HOURLY COMPENSATION COSTS FOR PRODUCTION WORKERS IN NATIONAL CURRENCY
                                                                                                          PAGE   8
ALL MANUFACTURING
1975 AND 1987-97
---------------------------------------------------------------------------------------------------------------------
COUNTRY OR AREA       1975    1987    1988    1989    1990    1991    1992    1993    1994    1995    1996    1997
---------------------------------------------------------------------------------------------------------------------
UNITED STATES         6.36   13.52   13.91   14.32   14.91   15.58   16.09   16.51   16.87   17.19   17.70   18.24
CANADA                6.07   15.97   16.61   17.48   18.49   19.66   20.59   21.20   21.66   22.02   22.73   22.92
MEXICO                  18    1437    2834    3509    4440    5541    6716    7.48    8.34    9.69   11.68   13.86
AUSTRALIA             4.30   13.49   14.47   15.68   16.74   17.37   17.71   18.37   19.16   20.32   21.09   21.52
HONG KONG SAR (1)     3.73   16.31   18.74   21.79   24.91   27.82   30.31   33.19   35.65   37.30   39.74   41.99
ISRAEL                1.44   10.12   12.27   14.73   17.24   20.04   22.36   24.97   27.66   31.73   36.14   41.55
JAPAN                  889    1560    1620    1730    1856    1975    2077    2134    2182    2238    2275    2344
KOREA                  157    1311    1610    2127    2623    3383    4075    4531    5141    5620    6506    6862
NEW ZEALAND           2.65   11.42   12.48   13.14   13.98   14.46   14.70   14.79   15.06   15.41   16.04   16.62
SINGAPORE             2.00    4.87    5.37    6.15    6.85    7.51    8.07    8.49    9.61   10.39   11.73   12.25
SRI LANKA             1.97    8.82    9.81   11.11   14.05   16.58   17.51   20.20   22.32   24.45   26.49      ..
TAIWAN               15.17   71.93   80.29   92.91  105.68  116.66  128.02  138.27  146.79  156.83  162.87  169.48
AUSTRIA (1)          78.46  172.96  179.45  187.49  201.07  211.44  222.93  234.70  245.38  254.07  261.18  267.62
BELGIUM             235.10  569.91  581.89  610.19  640.60  675.43  709.06  741.27  771.23  785.47  801.77  817.19
DENMARK              36.00  100.07  102.40  106.38  111.65  117.75  121.96  123.96  129.00  134.77  139.86  145.54
FINLAND (1)          16.88   59.17   65.81   72.39   80.56   86.11   89.40   95.19   99.76  105.65  108.24  111.40
FRANCE               19.34   73.91   77.17   80.72   84.38   88.39   92.44   95.14   97.76   99.76  101.91  104.94
GERMANY (1)          15.48   30.40   31.90   33.22   35.37   37.59   39.64   41.90   43.84   46.14   47.85   49.06
GREECE                  55     625     741     892    1071    1266    1449    1659    1876    2124    2309      ..
IRELAND               1.36    6.25    6.56    6.78    7.03    7.38    7.70    8.12    8.28    8.46    8.66    8.95
ITALY                 3048   16890   18201   19750   20900   22734   23841   24858   25591   26398   27352   28528
LUXEMBOURG             239     498     523     549     559     585     614     648     680     688     698      ..
NETHERLANDS          16.59   30.68   31.31   31.82   32.90   33.94   35.35   37.32   37.84   38.52   38.91   40.26
NORWAY               35.29  113.18  120.37  126.43  134.26  140.43  143.13  143.47  147.92  154.44  161.78  168.10
PORTUGAL             40.26  356.13  400.97  467.42  538.11  614.62  697.80  724.15  763.09  804.35  860.39  927.61
SPAIN                  145     942     997    1061    1161    1278    1383    1481    1545    1604    1712    1781
SWEDEN (1)           29.73   95.99  103.24  113.11  123.98  134.04  143.26  137.16  143.64  153.14  163.46  169.99
SWITZERLAND          15.72   25.48   26.37   27.38   29.00   31.14   32.66   33.45   34.06   34.61   35.03   35.10
UNITED KINGDOM        1.52    5.54    5.95    6.45    7.12    7.77    8.14    8.27    8.36    8.66    9.05    9.44
---------------------------------------------------------------------------------------------------------------------
(1) INDUSTRY NOTES:
HONG KONG: AVERAGE OF SELECTED MANUFACTURING INDUSTRIES.  HONG KONG SPECIAL ADMINISTRATIVE REGION OF CHINA.
AUSTRIA: EXCLUDING HANDICRAFT MANUFACTURES & ALL PRINTING & PUBLISHING & MISCELLANOUS MANUFACTURING.
FINLAND: INCLUDING MINING & ELECTRICAL POWER PLANTS.  BREAK IN SERIES AT 1994
GERMANY: FORMER WEST GERMANY.  EXCLUDING HANDICRAFT MANUFACTURERS.
SWEDEN: BREAK IN SERIES AT 1994.
SOURCE: U.S. BUREAU OF LABOR STATISTICS, MAY 1999.
HOURLY COMPENSATION COSTS FOR PRODUCTION WORKERS: INDEX U.S. = 100
                                                                                                          PAGE   9
FOOD, BEVERAGES, AND TOBACCO MANUFACTURING (US SIC 20 & 21 & ISIC 31)
1975 AND 1986-96
---------------------------------------------------------------------------------------------------------------------
COUNTRY OR AREA       1975    1986    1987    1988    1989    1990    1991    1992    1993    1994    1995    1996
---------------------------------------------------------------------------------------------------------------------
UNITED STATES          100     100     100     100     100     100     100     100     100     100     100     100
CANADA                  ..      86      89      97     103     106     109     101      98      92      90      92
MEXICO                  ..       8       7       8       9      10      11      12      13      14       9       9
AUSTRALIA               95      69      73      85      89      93      94      88      84      90      ..      ..
ISRAEL                  34      32      39      47      45      49      48      46      44      47      53      53
JAPAN                   42      60      67      76      74      75      81      84      96     106     115      98
KOREA                    6      11      13      18      23      27      32      34      35      36      41      43
TAIWAN                   7      16      19      23      28      31      33      37      36      39      40      39
AUSTRIA                 77      90     112     116     110     133     130     139     134     141     159     154
BELGIUM                101      94     112     114     109     130     129     139     131     138      ..      ..
DENMARK                116      96     124     127     118     142     138     145     135      ..      ..      ..
FINLAND (1)             71      79      96     109     115     138     133     118      95     110     135     131
FRANCE                  74      84      97     100      95     113     110     117     111     114     127     124
GERMANY (1)             94      94     115     120     113     136     135     145     141     148     172     164
GREECE                  26      31      35      38      39      46      46      49      45      47      55      56
IRELAND                 57      70      78      82      77      90      88      93      82      84      92      91
ITALY                   84      88     106     112     112     134     132     134     108     109     105     112
NETHERLANDS            110     104     125     128     118     138     134     141     138     136      ..      ..
NORWAY                  ..      99     124     132     128     147     143     147     126     128     147     147
SPAIN                   ..      ..      ..      ..      66      81      84      88      73      70      76      78
SWEDEN (1)             118      97     114     125     126     147     148     160     112     117     130     143
SWITZERLAND             93     106     129     133     121     147     146     150     143      ..      ..      ..
UNITED KINGDOM          53      60      69      78      76      90      93      93      79      78      82      84
---------------------------------------------------------------------------------------------------------------------
(1) INDUSTRY NOTES:
FINLAND: BREAKS IN SERIES AT 1994 AND 1995.
GERMANY: FORMER WEST GERMANY.
SWEDEN: BREAK IN SERIES AT 1994.


SOURCE: U.S. BUREAU OF LABOR STATISTICS, MAY 1999.
HOURLY COMPENSATION COSTS FOR PRODUCTION WORKERS IN U.S. DOLLARS
                                                                                                          PAGE  10
FOOD, BEVERAGES, AND TOBACCO MANUFACTURING (US SIC 20 & 21 & ISIC 31)
1975 AND 1986-96
---------------------------------------------------------------------------------------------------------------------
COUNTRY OR AREA       1975    1986    1987    1988    1989    1990    1991    1992    1993    1994    1995    1996
---------------------------------------------------------------------------------------------------------------------
UNITED STATES         5.84   12.22   12.55   12.85   13.15   13.58   14.14   14.76   15.12   15.39   15.63   15.96
CANADA                  ..   10.49   11.21   12.50   13.59   14.42   15.40   14.89   14.79   14.16   14.03   14.70
MEXICO                  ..     .93     .91    1.06    1.22    1.35    1.61    1.83    2.04    2.21    1.34    1.42
AUSTRALIA             5.52    8.41    9.19   10.92   11.72   12.57   13.29   13.03   12.64   13.89      ..      ..
ISRAEL                2.01    3.89    4.90    6.02    5.94    6.64    6.80    6.83    6.64    7.17    8.23    8.45
JAPAN                 2.46    7.33    8.47    9.79    9.79   10.18   11.39   12.40   14.57   16.27   17.96   15.67
KOREA                  .36    1.35    1.68    2.25    3.05    3.71    4.49    4.98    5.27    5.56    6.42    6.85
TAIWAN                 .39    1.90    2.43    2.95    3.70    4.22    4.71    5.49    5.51    5.99    6.25    6.30
AUSTRIA               4.52   11.02   14.08   14.96   14.45   18.08   18.43   20.51   20.24   21.65   24.90   24.53
BELGIUM               5.89   11.48   14.10   14.65   14.31   17.67   18.25   20.51   19.87   21.29      ..      ..
DENMARK               6.77   11.72   15.52   16.30   15.46   19.22   19.49   21.39   20.46      ..      ..      ..
FINLAND (1)           4.16    9.62   12.10   14.01   15.06   18.80   18.78   17.35   14.37   16.99   21.12   20.97
FRANCE                4.34   10.23   12.23   12.90   12.54   15.29   15.49   17.33   16.71   17.53   19.86   19.86
GERMANY (1)           5.50   11.48   14.49   15.45   14.91   18.53   19.05   21.42   21.26   22.75   26.83   26.11
GREECE                1.53    3.83    4.34    4.85    5.19    6.26    6.48    7.16    6.80    7.27    8.58    9.01
IRELAND               3.30    8.53    9.82   10.57   10.11   12.20   12.47   13.74   12.33   12.91   14.37   14.51
ITALY                 4.89   10.79   13.29   14.35   14.77   18.17   18.65   19.79   16.32   16.70   16.48   17.93
NETHERLANDS           6.40   12.67   15.74   16.39   15.53   18.71   18.88   20.84   20.86   21.00      ..      ..
NORWAY                  ..   12.12   15.52   16.98   16.89   19.97   20.24   21.66   18.99   19.66   22.94   23.43
SPAIN                   ..      ..      ..      ..    8.72   10.95   11.86   13.04   10.98   10.70   11.86   12.48
SWEDEN (1)            6.87   11.81   14.34   16.06   16.62   19.93   20.95   23.59   16.86   17.97   20.33   22.87
SWITZERLAND           5.44   12.94   16.15   17.07   15.89   19.92   20.68   22.18   21.66      ..      ..      ..
UNITED KINGDOM        3.08    7.39    8.70   10.07   10.05   12.17   13.22   13.73   11.92   12.05   12.85   13.41
---------------------------------------------------------------------------------------------------------------------
(1) INDUSTRY NOTES:
FINLAND: BREAKS IN SERIES AT 1994 AND 1995.
GERMANY: FORMER WEST GERMANY.
SWEDEN: BREAK IN SERIES AT 1994.


SOURCE: U.S. BUREAU OF LABOR STATISTICS, MAY 1999.
HOURLY COMPENSATION COSTS FOR PRODUCTION WORKERS IN NATIONAL CURRENCY
                                                                                                          PAGE  11
FOOD, BEVERAGES, AND TOBACCO MANUFACTURING (US SIC 20 & 21 & ISIC 31)
1975 AND 1986-96
---------------------------------------------------------------------------------------------------------------------
COUNTRY OR AREA       1975    1986    1987    1988    1989    1990    1991    1992    1993    1994    1995    1996
---------------------------------------------------------------------------------------------------------------------
UNITED STATES         5.84   12.22   12.55   12.85   13.15   13.58   14.14   14.76   15.12   15.39   15.63   15.96
CANADA                  ..   14.58   14.86   15.39   16.09   16.83   17.65   18.00   19.08   19.34   19.27   20.05
MEXICO                  ..     569    1253    2416    3011    3789    4865    5670    6.35    7.47    8.59   10.76
AUSTRALIA             4.22   12.53   13.11   13.92   14.81   16.11   17.06   17.73   18.59   18.99      ..      ..
ISRAEL                1.28    5.79    7.82    9.62   11.39   13.38   15.49   16.80   18.80   21.57   24.78   27.79
JAPAN                  729    1234    1224    1255    1351    1477    1533    1572    1619    1663    1688    1705
KOREA                  175    1190    1379    1645    2046    2628    3295    3885    4233    4471    4954    5510
TAIWAN               14.96   72.04   77.31   84.37   97.72  113.70  126.05  138.22  145.52  158.51  165.56  173.18
AUSTRIA              78.57  168.18  178.14  184.95  191.31  204.80  215.47  225.43  235.64  246.99  250.96  259.78
BELGIUM             216.18  512.69  526.61  538.68  564.06  590.54  624.24  659.30  687.18  711.70      ..      ..
DENMARK              38.83   94.91  106.28  109.90  113.18  119.00  124.81  129.14  132.73      ..      ..      ..
FINLAND (1)          15.24   48.82   53.27   58.76   64.70   72.00   76.08   77.83   82.25   88.94   92.42   96.36
FRANCE               18.59   70.87   73.51   76.88   80.00   83.28   87.47   91.76   94.69   97.20   99.03  101.59
GERMANY (1)          13.51   24.92   26.05   27.14   28.04   29.96   31.64   33.46   35.19   36.90   38.43   39.30
GREECE                  49     536     588     688     843     992    1181    1364    1560    1763    1989    2168
IRELAND               1.49    6.36    6.60    6.93    7.13    7.36    7.73    8.06    8.42    8.62    8.96    9.07
ITALY                 3190   16094   17234   18688   20258   21772   23149   24384   25678   26911   26839   27663
NETHERLANDS          16.14   31.03   31.88   32.43   32.96   34.08   35.34   36.66   38.75   38.21      ..      ..
NORWAY                  ..   89.64  104.59  110.80  116.76  124.91  131.39  134.63  134.79  138.73  145.38  151.37
SPAIN                   ..      ..      ..      ..    1032    1117    1233    1335    1400    1433    1477    1581
SWEDEN (1)           28.44   84.18   91.02   98.55  107.31  118.05  126.78  137.45  131.44  138.66  145.18  153.42
SWITZERLAND          14.05   23.27   24.10   24.99   26.01   27.68   29.70   31.19   32.02      ..      ..      ..
UNITED KINGDOM        1.39    5.03    5.31    5.66    6.14    6.82    7.48    7.78    7.94    7.86    8.14    8.59
---------------------------------------------------------------------------------------------------------------------
(1) INDUSTRY NOTES:
FINLAND: BREAKS IN SERIES AT 1994 AND 1995.
GERMANY: FORMER WEST GERMANY.
SWEDEN: BREAK IN SERIES AT 1994.


SOURCE: U.S. BUREAU OF LABOR STATISTICS, MAY 1999.
HOURLY COMPENSATION COSTS FOR PRODUCTION WORKERS: INDEX U.S. = 100
                                                                                                          PAGE  12
TEXTILE, APPAREL, AND LEATHER PRODUCTS (US SIC 22, 23, & 31 & ISIC 32)
1975 AND 1986-96
---------------------------------------------------------------------------------------------------------------------
COUNTRY OR AREA       1975    1986    1987    1988    1989    1990    1991    1992    1993    1994    1995    1996
---------------------------------------------------------------------------------------------------------------------
UNITED STATES          100     100     100     100     100     100     100     100     100     100     100     100
CANADA                  ..      88      91      97     104     106     111     105      96      90      89      96
MEXICO                  ..      11      10      12      14      14      16      18      19      19      10      10
AUSTRALIA (1)           --      --      --      --      --      --      --      --      --      --      --      --
JAPAN                   51      74      84      93      89      87      96     102     115     123     134     113
KOREA                    7      13      15      20      26      30      36      39      42      45      51      54
TAIWAN                   8      20      25      29      34      36      38      41      41      41      43      40
AUSTRIA                 79      93     113     116     109     132     130     139     134     139     157     150
BELGIUM                127     118     139     140     131     156     156     166     158     163      ..      ..
DENMARK                135     117     148     149     139     167     165     171     159      ..      ..      ..
FINLAND (1)             88     104     125     137     139     164     163     146     119     128     150     141
FRANCE                  90     101     118     120     112     131     128     135     128     130     142     136
GERMANY (1)            118     122     149     154     144     171     171     183     177     183     210     195
IRELAND                 57      70      78      83      78      89      88      94      83      85      89      89
ITALY                   95     108     128     133     130     155     155     156     125     121     119     126
NETHERLANDS (1)        138     121     146     149     137     159     153     162     161     156      ..      ..
SPAIN                   ..      ..      ..      ..      75      91      93      97      81      76      82      83
SWEDEN (1)             153     134     156     169     170     193     197     210     148     150     165     180
SWITZERLAND            114     131     157     162     144     174     174     177     169      ..      ..      ..
UNITED KINGDOM          70      68      78      88      86      98     101     101      86      86      91      ..
---------------------------------------------------------------------------------------------------------------------
(1) INDUSTRY NOTES:
AUSTRALIA: EXCLUDING LEATHER PRODUCTS EXCEPT FOOTWEAR.
FINLAND: BREAKS IN SERIES AT 1994 AND 1995.
GERMANY: FORMER WEST GERMANY.
NETHERLANDS: EXCLUDING LEATHER & LEATHER PRODUCTS.
SWEDEN: BREAK IN SERIES AT 1994.


SOURCE: U.S. BUREAU OF LABOR STATISTICS, MAY 1999.
HOURLY COMPENSATION COSTS FOR PRODUCTION WORKERS IN U.S. DOLLARS
                                                                                                          PAGE  13
TEXTILE, APPAREL, AND LEATHER PRODUCTS (US SIC 22, 23, & 31 & ISIC 32)
1975 AND 1986-96
---------------------------------------------------------------------------------------------------------------------
COUNTRY OR AREA       1975    1986    1987    1988    1989    1990    1991    1992    1993    1994    1995    1996
---------------------------------------------------------------------------------------------------------------------
UNITED STATES         3.94    7.99    8.27    8.54    8.87    9.23    9.56   10.07   10.26   10.63   11.00   11.41
CANADA                  ..    7.05    7.49    8.30    9.23    9.77   10.58   10.56    9.81    9.57    9.83   10.93
MEXICO                  ..     .88     .86    1.02    1.20    1.32    1.52    1.81    1.96    1.98    1.15    1.14
AUSTRALIA (1)         4.81    7.36    7.96    9.72   10.48   11.09   11.65   11.28   10.73   12.16      ..      ..
JAPAN                 2.00    5.91    6.95    7.96    7.86    8.07    9.22   10.30   11.77   13.07   14.79   12.92
KOREA                  .27    1.01    1.25    1.71    2.35    2.76    3.40    3.88    4.31    4.76    5.60    6.11
TAIWAN                 .32    1.56    2.06    2.49    3.05    3.28    3.62    4.14    4.20    4.41    4.69    4.56
AUSTRIA               3.13    7.43    9.35    9.92    9.63   12.20   12.39   13.96   13.76   14.73   17.28   17.17
BELGIUM               4.99    9.40   11.52   11.95   11.64   14.37   14.90   16.69   16.25   17.37      ..      ..
DENMARK               5.32    9.36   12.28   12.75   12.36   15.45   15.73   17.19   16.30      ..      ..      ..
FINLAND (1)           3.45    8.27   10.36   11.69   12.29   15.16   15.63   14.67   12.26   13.61   16.55   16.06
FRANCE                3.55    8.08    9.72   10.21    9.96   12.07   12.24   13.60   13.14   13.77   15.63   15.56
GERMANY (1)           4.64    9.75   12.31   13.16   12.77   15.81   16.32   18.40   18.11   19.41   23.14   22.24
IRELAND               2.23    5.62    6.49    7.12    6.91    8.23    8.46    9.45    8.54    8.99    9.77   10.15
ITALY                 3.74    8.65   10.60   11.35   11.56   14.31   14.79   15.73   12.78   12.90   13.07   14.32
NETHERLANDS (1)       5.42    9.69   12.09   12.72   12.13   14.67   14.62   16.36   16.52   16.63      ..      ..
SPAIN                   ..      ..      ..      ..    6.62    8.38    8.91    9.77    8.29    8.07    8.99    9.51
SWEDEN (1)            6.03   10.70   12.89   14.45   15.04   17.86   18.88   21.12   15.17   15.96   18.10   20.52
SWITZERLAND           4.50   10.46   12.98   13.83   12.81   16.08   16.63   17.80   17.32      ..      ..      ..
UNITED KINGDOM        2.75    5.41    6.46    7.54    7.62    9.05    9.68   10.19    8.86    9.16   10.00      ..
---------------------------------------------------------------------------------------------------------------------
(1) INDUSTRY NOTES:
AUSTRALIA: EXCLUDING LEATHER PRODUCTS EXCEPT FOOTWEAR.
FINLAND: BREAKS IN SERIES AT 1994 AND 1995.
GERMANY: FORMER WEST GERMANY.
NETHERLANDS: EXCLUDING LEATHER & LEATHER PRODUCTS.
SWEDEN: BREAK IN SERIES AT 1994.


SOURCE: U.S. BUREAU OF LABOR STATISTICS, MAY 1999.
HOURLY COMPENSATION COSTS FOR PRODUCTION WORKERS IN NATIONAL CURRENCY
                                                                                                          PAGE  14
TEXTILE, APPAREL, AND LEATHER PRODUCTS (US SIC 22, 23, & 31 & ISIC 32)
1975 AND 1986-96
---------------------------------------------------------------------------------------------------------------------
COUNTRY OR AREA       1975    1986    1987    1988    1989    1990    1991    1992    1993    1994    1995    1996
---------------------------------------------------------------------------------------------------------------------
UNITED STATES         3.94    7.99    8.27    8.54    8.87    9.23    9.56   10.07   10.26   10.63   11.00   11.41
CANADA                  ..    9.79    9.93   10.22   10.93   11.40   12.12   12.77   12.65   13.08   13.49   14.91
MEXICO                  ..     540    1191    2318    2962    3724    4573    5606    6.11    6.70    7.36    8.68
AUSTRALIA (1)         3.68   10.96   11.35   12.40   13.24   14.20   14.96   15.34   15.79   16.62      ..      ..
JAPAN                  593     996    1005    1021    1085    1170    1241    1306    1308    1336    1390    1405
KOREA                  131     887    1031    1250    1581    1952    2494    3026    3462    3824    4319    4914
TAIWAN               11.98   58.85   65.53   71.08   80.42   88.25   96.96  104.11  110.93  116.62  124.21  125.18
AUSTRIA              54.42  113.32  118.29  122.63  127.53  138.24  144.89  153.37  160.18  168.10  174.14  181.86
BELGIUM             182.91  419.80  430.26  439.60  458.78  480.19  509.68  536.63  561.99  580.51      ..      ..
DENMARK              30.53   75.77   84.08   85.92   90.49   95.63  100.72  103.76  105.75      ..      ..      ..
FINLAND (1)          12.65   41.95   45.64   49.00   52.80   58.05   63.33   65.84   70.20   71.26   72.41   73.78
FRANCE               15.19   55.99   58.43   60.86   63.54   65.77   69.13   71.99   74.47   76.39   77.93   79.62
GERMANY (1)          11.40   21.16   22.13   23.12   24.03   25.56   27.11   28.74   29.97   31.48   33.14   33.46
IRELAND               1.00    4.19    4.36    4.66    4.87    4.96    5.24    5.55    5.83    6.00    6.09    6.35
ITALY                 2442   12903   13754   14781   15863   17142   18359   19376   20097   20786   21292   22099
NETHERLANDS (1)      13.68   23.72   24.50   25.16   25.74   26.72   27.36   28.78   30.69   30.24      ..      ..
SPAIN                   ..      ..      ..      ..     784     855     926    1001    1056    1081    1120    1205
SWEDEN (1)           24.98   76.23   81.82   88.66   97.07  105.78  114.25  123.07  118.28  123.15  129.29  137.63
SWITZERLAND          11.62   18.81   19.37   20.25   20.96   22.35   23.87   25.02   25.60      ..      ..      ..
UNITED KINGDOM        1.24    3.69    3.94    4.23    4.65    5.07    5.47    5.77    5.90    5.98    6.34      ..
---------------------------------------------------------------------------------------------------------------------
(1) INDUSTRY NOTES:
AUSTRALIA: EXCLUDING LEATHER PRODUCTS EXCEPT FOOTWEAR.
FINLAND: BREAKS IN SERIES AT 1994 AND 1995.
GERMANY: FORMER WEST GERMANY.
NETHERLANDS: EXCLUDING LEATHER & LEATHER PRODUCTS.
SWEDEN: BREAK IN SERIES AT 1994.


SOURCE: U.S. BUREAU OF LABOR STATISTICS, MAY 1999.
HOURLY COMPENSATION COSTS FOR PRODUCTION WORKERS: INDEX U.S. = 100
                                                                                                          PAGE  15
TEXTILE MILL PRODUCTS MANUFACTURING (US SIC 22)
1975 AND 1986-96
---------------------------------------------------------------------------------------------------------------------
COUNTRY OR AREA       1975    1986    1987    1988    1989    1990    1991    1992    1993    1994    1995    1996
---------------------------------------------------------------------------------------------------------------------
UNITED STATES          100     100     100     100     100     100     100     100     100     100     100     100
CANADA                  ..      96      99     106     114     115     119     114     104      96      98     104
MEXICO                  ..      13      12      14      16      16      18      20      23      23      13      13
HONG KONG SAR (1)       19      21      24      26      28      29      32      32      35      37      37      39
ISRAEL                  49      43      55      64      58      63      61      61      57      59      65      65
JAPAN                   52      78      91     101      96      92     101     108     124     135     152     134
KOREA                    7      12      15      19      26      30      36      38      42      46      51      54
TAIWAN                   8      19      24      28      33      35      37      40      39      39      40      37
AUSTRIA                 78      95     117     119     109     132     130     136     131     136     155     151
BELGIUM                129     113     133     134     125     148     149     155     148     155      ..      ..
DENMARK                129     112     142     143     133     159     156     160     149      ..      ..      ..
FINLAND (1)             89      97     119     132     132     156     153     136     111     119     144     137
FRANCE                  90      95     109     111     104     121     118     123     118     119     131     127
GERMANY (1)            115     116     143     147     137     162     161     170     165     171     195     184
GREECE                  37      46      51      58      57      66      65      66      63      63      72      73
IRELAND                 61      76      84      89      83      94      93      97      85      86      91      92
ITALY                   97     105     124     127     124     147     146     145     116     114     114     119
NETHERLANDS            147     125     149     152     139     159     154     161     157     153      ..      ..
NORWAY                  ..     121     149     161     157     177     172     174     151     149     168     166
SPAIN                   ..      ..      ..      ..      74      89      91      94      78      73      79      81
SWEDEN                 153     126     147     161     159     180     183     194     136      ..      ..      ..
SWITZERLAND            118     132     159     163     146     174     175     176     170      ..      ..      ..
UNITED KINGDOM          67      66      77      87      83      95     100      99      84      84      89      89
---------------------------------------------------------------------------------------------------------------------
(1) INDUSTRY NOTES:
HONG KONG: HONG KONG SPECIAL ADMINISTRATIVE REGION OF CHINA.
FINLAND: BREAKS IN SERIES AT 1994 AND 1995.
GERMANY: FORMER WEST GERMANY.


SOURCE: U.S. BUREAU OF LABOR STATISTICS, MAY 1999.
HOURLY COMPENSATION COSTS FOR PRODUCTION WORKERS IN U.S. DOLLARS
                                                                                                          PAGE  16
TEXTILE MILL PRODUCTS MANUFACTURING (US SIC 22)
1975 AND 1986-96
---------------------------------------------------------------------------------------------------------------------
COUNTRY OR AREA       1975    1986    1987    1988    1989    1990    1991    1992    1993    1994    1995    1996
---------------------------------------------------------------------------------------------------------------------
UNITED STATES         4.13    8.79    9.11    9.44    9.86   10.34   10.73   11.46   11.63   12.01   12.38   12.79
CANADA                  ..    8.41    8.98    9.97   11.23   11.88   12.80   13.02   12.06   11.56   12.18   13.29
MEXICO                  ..    1.12    1.13    1.36    1.56    1.68    1.94    2.31    2.62    2.78    1.63    1.62
HONG KONG SAR (1)      .77    1.84    2.16    2.46    2.76    3.03    3.41    3.69    4.08    4.39    4.64    5.03
ISRAEL                2.03    3.79    4.99    6.00    5.71    6.47    6.52    6.95    6.61    7.05    8.00    8.28
JAPAN                 2.16    6.83    8.25    9.51    9.42    9.48   10.85   12.35   14.47   16.27   18.86   17.12
KOREA                  .29    1.07    1.35    1.84    2.55    3.06    3.87    4.37    4.91    5.47    6.36    6.88
TAIWAN                 .32    1.66    2.20    2.68    3.27    3.57    3.98    4.54    4.53    4.63    4.92    4.72
AUSTRIA               3.23    8.35   10.65   11.20   10.78   13.67   13.92   15.59   15.26   16.34   19.17   19.26
BELGIUM               5.31    9.94   12.14   12.62   12.35   15.29   15.94   17.78   17.27   18.58      ..      ..
DENMARK               5.34    9.87   12.95   13.50   13.13   16.46   16.69   18.31   17.33      ..      ..      ..
FINLAND (1)           3.68    8.55   10.82   12.46   13.06   16.15   16.43   15.56   12.94   14.35   17.77   17.51
FRANCE                3.72    8.34    9.96   10.48   10.22   12.48   12.68   14.15   13.69   14.35   16.27   16.24
GERMANY (1)           4.77   10.24   12.99   13.90   13.52   16.72   17.28   19.46   19.16   20.51   24.19   23.47
GREECE                1.54    4.06    4.69    5.43    5.59    6.87    6.98    7.59    7.28    7.58    8.95    9.33
IRELAND               2.50    6.64    7.64    8.38    8.14    9.71    9.96   11.08    9.91   10.38   11.26   11.82
ITALY                 3.99    9.21   11.28   12.02   12.23   15.20   15.69   16.65   13.51   13.69   14.10   15.16
NETHERLANDS           6.09   10.99   13.56   14.31   13.66   16.46   16.53   18.41   18.26   18.39      ..      ..
NORWAY                  ..   10.67   13.57   15.16   15.47   18.27   18.50   19.90   17.55   17.95   20.74   21.26
SPAIN                   ..      ..      ..      ..    7.25    9.21    9.77   10.74    9.08    8.73    9.84   10.32
SWEDEN                6.30   11.07   13.42   15.18   15.69   18.59   19.63   22.19   15.85      ..      ..      ..
SWITZERLAND           4.87   11.60   14.47   15.39   14.38   18.04   18.82   20.18   19.78      ..      ..      ..
UNITED KINGDOM        2.76    5.83    7.04    8.18    8.19    9.87   10.69   11.40    9.82   10.14   11.03   11.43
---------------------------------------------------------------------------------------------------------------------
(1) INDUSTRY NOTES:
HONG KONG: HONG KONG SPECIAL ADMINISTRATIVE REGION OF CHINA.
FINLAND: BREAKS IN SERIES AT 1994 AND 1995.
GERMANY: FORMER WEST GERMANY.


SOURCE: U.S. BUREAU OF LABOR STATISTICS, MAY 1999.
HOURLY COMPENSATION COSTS FOR PRODUCTION WORKERS IN NATIONAL CURRENCY
                                                                                                          PAGE  17
TEXTILE MILL PRODUCTS MANUFACTURING (US SIC 22)
1975 AND 1986-96
---------------------------------------------------------------------------------------------------------------------
COUNTRY OR AREA       1975    1986    1987    1988    1989    1990    1991    1992    1993    1994    1995    1996
---------------------------------------------------------------------------------------------------------------------
UNITED STATES         4.13    8.79    9.11    9.44    9.86   10.34   10.73   11.46   11.63   12.01   12.38   12.79
CANADA                  ..   11.69   11.90   12.28   13.29   13.87   14.67   15.74   15.55   15.80   16.73   18.13
MEXICO                  ..     685    1552    3080    3840    4715    5858    7152    8.16    9.37   10.47   12.33
HONG KONG SAR (1)     3.81   14.39   16.85   19.18   21.56   23.57   26.48   28.52   31.57   33.97   35.92   38.89
ISRAEL                1.30    5.64    7.95    9.59   10.94   13.05   14.86   17.09   18.70   21.23   24.10   27.23
JAPAN                  640    1150    1193    1219    1301    1375    1461    1566    1607    1663    1772    1862
KOREA                  140     944    1110    1344    1716    2168    2838    3411    3941    4393    4903    5532
TAIWAN               12.27   62.68   70.13   76.74   86.31   96.08  106.42  114.22  119.79  122.48  130.32  129.72
AUSTRIA              56.15  127.43  134.76  138.46  142.69  154.83  162.75  171.39  177.64  186.48  193.28  204.00
BELGIUM             194.64  444.01  453.55  464.33  486.64  511.09  545.20  571.70  597.08  621.25      ..      ..
DENMARK              30.63   79.90   88.67   91.00   96.15  101.88  106.89  110.51  112.43      ..      ..      ..
FINLAND (1)          13.47   43.35   47.66   52.24   56.11   61.85   66.57   69.80   74.08   75.13   77.78   80.48
FRANCE               15.94   57.73   59.85   62.43   65.23   67.97   71.59   74.91   77.59   79.61   81.14   83.06
GERMANY (1)          11.72   22.22   23.35   24.42   25.44   27.04   28.70   30.40   31.71   33.27   34.63   35.33
GREECE                  50     569     636     771     909    1089    1273    1447    1670    1839    2074    2245
IRELAND               1.12    4.95    5.13    5.49    5.74    5.86    6.17    6.50    6.77    6.93    7.02    7.39
ITALY                 2606   13734   14625   15646   16783   18211   19469   20515   21249   22053   22968   23396
NETHERLANDS          15.36   26.91   27.48   28.31   28.98   30.00   30.95   32.38   33.93   33.44      ..      ..
NORWAY                  ..   78.92   91.47   98.93  106.93  114.27  120.09  123.69  124.58  126.61  131.39  137.32
SPAIN                   ..      ..      ..      ..     858     939    1016    1099    1158    1169    1226    1307
SWEDEN               26.08   78.89   85.16   93.16  101.32  110.12  118.80  129.29  123.56      ..      ..      ..
SWITZERLAND          12.56   20.86   21.59   22.54   23.55   25.08   27.03   28.38   29.24      ..      ..      ..
UNITED KINGDOM        1.24    3.97    4.30    4.59    5.00    5.53    6.05    6.45    6.54    6.62    6.99    7.32
---------------------------------------------------------------------------------------------------------------------
(1) INDUSTRY NOTES:
HONG KONG: HONG KONG SPECIAL ADMINISTRATIVE REGION OF CHINA.
FINLAND: BREAKS IN SERIES AT 1994 AND 1995.
GERMANY: FORMER WEST GERMANY.


SOURCE: U.S. BUREAU OF LABOR STATISTICS, MAY 1999.
HOURLY COMPENSATION COSTS FOR PRODUCTION WORKERS: INDEX U.S. = 100
                                                                                                          PAGE  18
APPAREL AND OTHER TEXTILE PRODUCTS MANUFACTURING (US SIC 23)
1975 AND 1986-96
---------------------------------------------------------------------------------------------------------------------
COUNTRY OR AREA       1975    1986    1987    1988    1989    1990    1991    1992    1993    1994    1995    1996
---------------------------------------------------------------------------------------------------------------------
UNITED STATES          100     100     100     100     100     100     100     100     100     100     100     100
CANADA                  ..      85      87      93     101     104     107     100      92      86      84      91
MEXICO                  ..      10      10      10      11      12      11      15      17      16       9       9
HONG KONG SAR (1)       20      25      27      30      33      36      38      39      41      43      42      42
ISRAEL                  39      38      49      59      55      57      58      57      55      57      64      63
JAPAN                   43      65      74      83      80      79      88      94     104     114     125     104
KOREA                    6      12      15      19      25      28      32      35      38      42      47      48
TAIWAN                   8      19      24      28      33      34      35      38      39      40      41      39
AUSTRIA                 77      87     105     107     102     125     123     134     132     136     151     145
BELGIUM                118     116     140     140     132     156     156     169     162     166      ..      ..
DENMARK                136     121     153     152     143     172     170     178     166      ..      ..      ..
FINLAND (1)             85     105     128     142     143     171     173     154     125     135     153     141
FRANCE                  86     103     122     124     117     136     133     142     134     135     148     142
GERMANY (1)            118     120     147     152     143     170     170     184     178     182     210     197
GREECE (1)              --      --      --      --      --      --      --      --      --      --      --      --
IRELAND                 49      63      72      76      71      82      82      87      77      79      83      82
ITALY                   92     107     128     132     130     155     156     159     126     124     120     127
NETHERLANDS            121     108     132     134     123     144     138     150     152     148      ..      ..
NORWAY                  ..     135     169     182     181     213     202     201     171     167     188     188
SPAIN                   ..      ..      ..      ..      72      88      91      96      79      76      81      83
SWEDEN                 150     135     157     169     170     197     200     208     145      ..      ..      ..
SWITZERLAND            105     120     145     150     132     162     160     165     156      ..      ..      ..
UNITED KINGDOM          58      66      76      86      84      96      99     100      85      86      90      ..
---------------------------------------------------------------------------------------------------------------------
(1) INDUSTRY NOTES:
HONG KONG: HONG KONG SPECIAL ADMINISTRATIVE REGION OF CHINA.
FINLAND: BREAKS IN SERIES AT 1994 AND 1995.
GERMANY: FORMER WEST GERMANY.
GREECE: INCLUDING LEATHER FOOTWEAR.


SOURCE: U.S. BUREAU OF LABOR STATISTICS, MAY 1999.
HOURLY COMPENSATION COSTS FOR PRODUCTION WORKERS IN U.S. DOLLARS
                                                                                                          PAGE  19
APPAREL AND OTHER TEXTILE PRODUCTS MANUFACTURING (US SIC 23)
1975 AND 1986-96
---------------------------------------------------------------------------------------------------------------------
COUNTRY OR AREA       1975    1986    1987    1988    1989    1990    1991    1992    1993    1994    1995    1996
---------------------------------------------------------------------------------------------------------------------
UNITED STATES         3.80    7.44    7.64    7.88    8.14    8.43    8.69    9.04    9.22    9.54    9.92   10.32
CANADA                  ..    6.35    6.68    7.35    8.21    8.73    9.26    9.06    8.51    8.24    8.29    9.39
MEXICO                  ..     .76     .73     .79     .92    1.03     .93    1.40    1.54    1.55     .89     .91
HONG KONG SAR (1)      .75    1.86    2.08    2.35    2.69    3.04    3.33    3.57    3.76    4.07    4.16    4.32
ISRAEL                1.47    2.83    3.73    4.68    4.48    4.81    5.01    5.16    5.10    5.46    6.37    6.54
JAPAN                 1.62    4.87    5.64    6.53    6.50    6.67    7.62    8.52    9.59   10.89   12.43   10.77
KOREA                  .22     .90    1.12    1.53    2.06    2.35    2.77    3.19    3.51    3.99    4.66    5.00
TAIWAN                 .30    1.42    1.81    2.17    2.66    2.84    3.06    3.43    3.56    3.86    4.06    4.00
AUSTRIA               2.92    6.46    8.02    8.47    8.31   10.54   10.73   12.09   12.19   12.98   15.02   14.93
BELGIUM               4.47    8.66   10.66   11.05   10.71   13.16   13.58   15.31   14.97   15.81      ..      ..
DENMARK               5.16    8.99   11.68   12.01   11.65   14.48   14.78   16.10   15.32      ..      ..      ..
FINLAND (1)           3.23    7.82    9.79   11.22   11.66   14.42   15.00   13.93   11.55   12.85   15.16   14.52
FRANCE                3.28    7.68    9.29    9.74    9.50   11.43   11.58   12.80   12.34   12.92   14.73   14.69
GERMANY (1)           4.48    8.95   11.26   11.99   11.62   14.30   14.80   16.61   16.42   17.40   20.80   20.29
GREECE (1)            1.29    3.24    3.72    4.20    4.46    5.65    5.71    6.29    5.99    6.34    7.48    7.74
IRELAND               1.88    4.68    5.52    6.00    5.74    6.88    7.09    7.90    7.12    7.57    8.27    8.51
ITALY                 3.48    7.95    9.75   10.39   10.58   13.10   13.52   14.37   11.65   11.82   11.93   13.07
NETHERLANDS           4.60    8.00   10.10   10.52   10.05   12.18   12.00   13.55   14.06   14.16      ..      ..
NORWAY                  ..   10.06   12.94   14.32   14.74   17.94   17.59   18.14   15.76   15.89   18.62   19.42
SPAIN                   ..      ..      ..      ..    5.85    7.41    7.93    8.67    7.30    7.27    8.02    8.55
SWEDEN                5.71   10.01   12.03   13.35   13.87   16.59   17.42   18.79   13.38      ..      ..      ..
SWITZERLAND           4.00    8.96   11.06   11.81   10.75   13.66   13.92   14.93   14.42      ..      ..      ..
UNITED KINGDOM        2.21    4.89    5.80    6.76    6.86    8.08    8.62    9.00    7.82    8.16    8.90      ..
---------------------------------------------------------------------------------------------------------------------
(1) INDUSTRY NOTES:
HONG KONG: HONG KONG SPECIAL ADMINISTRATIVE REGION OF CHINA.
FINLAND: BREAKS IN SERIES AT 1994 AND 1995.
GERMANY: FORMER WEST GERMANY.
GREECE: INCLUDING LEATHER FOOTWEAR.


SOURCE: U.S. BUREAU OF LABOR STATISTICS, MAY 1999.
HOURLY COMPENSATION COSTS FOR PRODUCTION WORKERS IN NATIONAL CURRENCY
                                                                                                          PAGE  20
APPAREL AND OTHER TEXTILE PRODUCTS MANUFACTURING (US SIC 23)
1975 AND 1986-96
---------------------------------------------------------------------------------------------------------------------
COUNTRY OR AREA       1975    1986    1987    1988    1989    1990    1991    1992    1993    1994    1995    1996
---------------------------------------------------------------------------------------------------------------------
UNITED STATES         3.80    7.44    7.64    7.88    8.14    8.43    8.69    9.04    9.22    9.54    9.92   10.32
CANADA                  ..    8.83    8.86    9.04    9.73   10.18   10.62   10.96   10.98   11.26   11.39   12.81
MEXICO                  ..     465    1006    1801    2256    2897    2797    4334    4.80    5.23    5.73    6.88
HONG KONG SAR (1)     3.72   14.52   16.18   18.33   21.01   23.66   25.84   27.62   29.10   31.43   32.21   33.41
ISRAEL                 .94    4.22    5.96    7.48    8.59    9.69   11.43   12.70   14.42   16.43   19.17   21.50
JAPAN                  480     820     815     837     898     967    1026    1080    1066    1113    1168    1172
KOREA                  105     791     918    1116    1385    1664    2034    2493    2816    3204    3593    4023
TAIWAN               11.31   53.76   57.60   62.16   70.14   76.42   81.94   86.39   93.96  102.11  107.60  109.82
AUSTRIA              50.73   98.60  101.49  104.66  110.04  119.45  125.45  132.87  141.84  148.12  151.42  158.06
BELGIUM             164.15  386.85  398.07  406.46  422.23  439.72  464.60  492.30  517.64  528.55      ..      ..
DENMARK              29.61   72.76   80.01   80.97   85.26   89.61   94.68   97.18   99.35      ..      ..      ..
FINLAND (1)          11.82   39.68   43.12   47.05   50.10   55.22   60.78   62.52   66.13   67.27   66.35   66.72
FRANCE               14.04   53.20   55.88   58.02   60.58   62.25   65.39   67.75   69.92   71.66   73.42   75.14
GERMANY (1)          11.01   19.43   20.24   21.06   21.85   23.13   24.58   25.94   27.17   28.22   29.78   30.53
GREECE (1)              42     453     504     596     724     896    1042    1200    1374    1537    1732    1863
IRELAND                .84    3.49    3.71    3.93    4.05    4.15    4.39    4.64    4.86    5.06    5.16    5.32
ITALY                 2270   11846   12643   13524   14513   15695   16783   17700   18332   19040   19432   20169
NETHERLANDS          11.61   19.57   20.47   20.81   21.32   22.18   22.46   23.84   26.13   25.76      ..      ..
NORWAY                  ..   74.42   87.22   93.41  101.92  112.19  114.19  112.73  111.85  112.08  117.95  125.41
SPAIN                   ..      ..      ..      ..     692     756     825     888     930     973     999    1084
SWEDEN               23.64   71.36   76.37   81.92   89.54   98.28  105.45  109.46  104.35      ..      ..      ..
SWITZERLAND          10.31   16.10   16.50   17.29   17.60   18.99   19.99   20.99   21.31      ..      ..      ..
UNITED KINGDOM        1.00    3.33    3.53    3.79    4.19    4.53    4.87    5.10    5.21    5.33    5.64      ..
---------------------------------------------------------------------------------------------------------------------
(1) INDUSTRY NOTES:
HONG KONG: HONG KONG SPECIAL ADMINISTRATIVE REGION OF CHINA.
FINLAND: BREAKS IN SERIES AT 1994 AND 1995.
GERMANY: FORMER WEST GERMANY.
GREECE: INCLUDING LEATHER FOOTWEAR.


SOURCE: U.S. BUREAU OF LABOR STATISTICS, MAY 1999.
HOURLY COMPENSATION COSTS FOR PRODUCTION WORKERS: INDEX U.S. = 100
                                                                                                          PAGE  21
LEATHER AND LEATHER PRODUCTS MANUFACTURING (US SIC 31)
1975 AND 1986-96
---------------------------------------------------------------------------------------------------------------------
COUNTRY OR AREA       1975    1986    1987    1988    1989    1990    1991    1992    1993    1994    1995    1996
---------------------------------------------------------------------------------------------------------------------
UNITED STATES          100     100     100     100     100     100     100     100     100     100     100     100
CANADA                  ..      90      95     102     107     107     107      95      90      86      85      93
ISRAEL                  46      51      61      71      64      71      68      69      64      66      75      77
JAPAN                   61      88      96     106     101     112     122     120     141     147     157     126
KOREA                    8      13      15      20      27      30      34      36      39      40      43      48
TAIWAN                   7      18      24      29      34      35      36      39      41      42      44      43
AUSTRIA                 85      94     115     120     112     134     127     134     127     127     148     136
BELGIUM                136     128     154     153     141     165     161     171     162     167      ..      ..
DENMARK                131     121     157     154     139     167     165     171     157      ..      ..      ..
FINLAND (1)             89     103     127     141     140     163     157     140     111     113     147     133
FRANCE                  92     107     125     127     118     136     131     139     130     130     146     139
GERMANY (1)            114     124     151     154     142     168     164     176     166     169     197     186
GREECE (1)              --      --      --      --      --      --      --      --      --      --      --      --
IRELAND                 67      80      85      88      83      96      95      96      86      83      90      90
ITALY                   87     108     130     135     132     153     152     154     122     117     118     123
NORWAY                  ..     125     156     169     163     185     177     180     156     155     174     170
SPAIN (1)               ..      ..      ..      ..      79      94      94      99      83      76      83      ..
SWEDEN                 162     140     164     177     176     194     196     205     144      ..      ..      ..
SWITZERLAND            119     145     175     178     160     185     182     184     172      ..      ..      ..
UNITED KINGDOM          76      80      92     105     102     116     116     117     102      ..      ..      ..
---------------------------------------------------------------------------------------------------------------------
(1) INDUSTRY NOTES:
FINLAND: BREAKS IN SERIES AT 1994 AND 1995.
GERMANY: FORMER WEST GERMANY.
GREECE: EXCLUDING LEATHER FOOTWEAR.
SPAIN: INCLUDING RUBBER & PLASTICS FOOTWEAR.


SOURCE: U.S. BUREAU OF LABOR STATISTICS, MAY 1999.
HOURLY COMPENSATION COSTS FOR PRODUCTION WORKERS IN U.S. DOLLARS
                                                                                                          PAGE  22
LEATHER AND LEATHER PRODUCTS MANUFACTURING (US SIC 31)
1975 AND 1986-96
---------------------------------------------------------------------------------------------------------------------
COUNTRY OR AREA       1975    1986    1987    1988    1989    1990    1991    1992    1993    1994    1995    1996
---------------------------------------------------------------------------------------------------------------------
UNITED STATES         3.91    7.74    7.96    8.26    8.66    9.10    9.53    9.97   10.27   10.74   10.87   11.34
CANADA                  ..    7.00    7.54    8.45    9.23    9.72   10.22    9.46    9.27    9.19    9.25   10.58
ISRAEL                1.78    3.97    4.85    5.86    5.52    6.46    6.52    6.83    6.55    7.09    8.20    8.78
JAPAN                 2.38    6.80    7.66    8.78    8.77   10.20   11.62   11.99   14.50   15.81   17.04   14.31
KOREA                  .30    1.03    1.22    1.68    2.34    2.72    3.22    3.59    3.99    4.31    4.71    5.49
TAIWAN                 .27    1.42    1.92    2.38    2.95    3.18    3.43    3.88    4.21    4.47    4.74    4.82
AUSTRIA               3.31    7.25    9.16    9.89    9.70   12.19   12.12   13.38   13.00   13.62   16.10   15.47
BELGIUM               5.31    9.90   12.22   12.63   12.18   15.05   15.31   17.08   16.62   17.91      ..      ..
DENMARK               5.12    9.34   12.48   12.69   12.00   15.16   15.69   17.08   16.17      ..      ..      ..
FINLAND (1)           3.48    7.94   10.13   11.65   12.15   14.85   15.00   13.95   11.43   12.09   15.96   15.08
FRANCE                3.59    8.27    9.97   10.49   10.21   12.35   12.46   13.84   13.37   14.01   15.87   15.72
GERMANY (1)           4.47    9.59   12.01   12.73   12.29   15.28   15.63   17.57   17.05   18.15   21.36   21.06
GREECE (1)            1.61    3.89    4.42    4.95    5.13    6.27    6.64    7.48    7.03    7.73    8.90    9.09
IRELAND               2.62    6.21    6.79    7.29    7.16    8.75    9.01    9.60    8.79    8.93    9.73   10.16
ITALY                 3.40    8.35   10.34   11.12   11.40   13.91   14.46   15.37   12.55   12.52   12.79   13.95
NORWAY                  ..    9.68   12.42   13.94   14.09   16.85   16.88   17.99   15.97   16.61   18.95   19.30
SPAIN (1)               ..      ..      ..      ..    6.80    8.51    8.97    9.89    8.52    8.12    9.02      ..
SWEDEN                6.33   10.82   13.09   14.65   15.25   17.63   18.72   20.45   14.74      ..      ..      ..
SWITZERLAND           4.65   11.25   13.93   14.73   13.83   16.82   17.39   18.37   17.63      ..      ..      ..
UNITED KINGDOM        2.97    6.20    7.36    8.69    8.85   10.54   11.05   11.64   10.43      ..      ..      ..
---------------------------------------------------------------------------------------------------------------------
(1) INDUSTRY NOTES:
FINLAND: BREAKS IN SERIES AT 1994 AND 1995.
GERMANY: FORMER WEST GERMANY.
GREECE: EXCLUDING LEATHER FOOTWEAR.
SPAIN: INCLUDING RUBBER & PLASTICS FOOTWEAR.


SOURCE: U.S. BUREAU OF LABOR STATISTICS, MAY 1999.
HOURLY COMPENSATION COSTS FOR PRODUCTION WORKERS IN NATIONAL CURRENCY
                                                                                                          PAGE  23
LEATHER AND LEATHER PRODUCTS MANUFACTURING (US SIC 31)
1975 AND 1986-96
---------------------------------------------------------------------------------------------------------------------
COUNTRY OR AREA       1975    1986    1987    1988    1989    1990    1991    1992    1993    1994    1995    1996
---------------------------------------------------------------------------------------------------------------------
UNITED STATES         3.91    7.74    7.96    8.26    8.66    9.10    9.53    9.97   10.27   10.74   10.87   11.34
CANADA                  ..    9.73   10.00   10.41   10.93   11.34   11.71   11.44   11.96   12.55   12.71   14.43
ISRAEL                1.14    5.91    7.74    9.38   10.57   13.02   14.86   16.80   18.53   21.35   24.68   28.88
JAPAN                  705    1146    1108    1126    1211    1479    1564    1520    1610    1615    1601    1556
KOREA                  146     907    1002    1227    1573    1923    2359    2806    3202    3462    3634    4416
TAIWAN               10.20   53.70   61.09   67.92   77.96   85.74   91.80   97.72  111.26  118.43  125.57  132.37
AUSTRIA              57.55  110.70  115.93  122.22  128.41  138.08  141.63  147.10  151.29  155.40  162.33  163.82
BELGIUM             194.84  442.23  456.44  464.66  480.02  502.97  523.47  549.07  574.69  598.73      ..      ..
DENMARK              29.37   75.61   85.47   85.53   87.89   93.84  100.50  103.13  104.88      ..      ..      ..
FINLAND (1)          12.74   40.26   44.59   48.83   52.21   56.88   60.80   62.58   65.44   63.29   69.84   69.30
FRANCE               15.39   57.25   59.94   62.53   65.15   67.27   70.37   73.24   75.76   77.71   79.11   80.42
GERMANY (1)          10.98   20.81   21.60   22.36   23.11   24.70   25.95   27.44   28.22   29.44   30.59   31.69
GREECE (1)              52     544     599     702     833     994    1211    1426    1612    1875    2062    2188
IRELAND               1.18    4.63    4.56    4.77    5.05    5.28    5.58    5.63    6.00    5.97    6.07    6.35
ITALY                 2215   12444   13410   14476   15639   16663   17948   18933   19738   20166   20843   21531
NORWAY                  ..   71.61   83.75   90.92   97.41  105.38  109.56  111.80  113.33  117.20  120.04  124.65
SPAIN (1)               ..      ..      ..      ..     805     868     933    1013    1086    1087    1124      ..
SWEDEN               26.21   77.08   83.11   89.92   98.48  104.44  113.30  119.13  114.88      ..      ..      ..
SWITZERLAND          12.01   20.23   20.79   21.57   22.64   23.39   24.97   25.82   26.06      ..      ..      ..
UNITED KINGDOM        1.34    4.22    4.49    4.88    5.40    5.91    6.25    6.59    6.95      ..      ..      ..
---------------------------------------------------------------------------------------------------------------------
(1) INDUSTRY NOTES:
FINLAND: BREAKS IN SERIES AT 1994 AND 1995.
GERMANY: FORMER WEST GERMANY.
GREECE: EXCLUDING LEATHER FOOTWEAR.
SPAIN: INCLUDING RUBBER & PLASTICS FOOTWEAR.


SOURCE: U.S. BUREAU OF LABOR STATISTICS, MAY 1999.
HOURLY COMPENSATION COSTS FOR PRODUCTION WORKERS: INDEX U.S. = 100
                                                                                                          PAGE  24
LEATHER FOOTWEAR MANUFACTURING (US SIC 314)
1975 AND 1986-96
---------------------------------------------------------------------------------------------------------------------
COUNTRY OR AREA       1975    1986    1987    1988    1989    1990    1991    1992    1993    1994    1995    1996
---------------------------------------------------------------------------------------------------------------------
UNITED STATES          100     100     100     100     100     100     100     100     100     100     100     100
MEXICO                  ..       9       8      10      13      15      18      22      23      21      12      11
HONG KONG SAR (1)       24      30      31      34      35      37      38      36      ..      ..      ..      ..
KOREA                    9      14      16      21      28      30      34      37      ..      ..      ..      ..
BELGIUM                147     138     164     161     146     170     167     178     170     169      ..      ..
DENMARK                134     128     167     163     145     175     175     185     170      ..      ..      ..
FRANCE                  98     113     132     133     123     140     138     147     140     137     154     146
GERMANY (1)            121     132     160     163     149     176     174     190     180     179     209     196
ITALY                   87     110     132     137     133     153     154     159     127     119     120     125
SPAIN (1)               ..      ..      ..      ..      76      90      91      96      80      71      78      ..
UNITED KINGDOM          81      86      96     110     106     123     124     126     111     107     118     116
---------------------------------------------------------------------------------------------------------------------
(1) INDUSTRY NOTES:
HONG KONG: HONG KONG SPECIAL ADMINISTRATIVE REGION OF CHINA.
GERMANY: FORMER WEST GERMANY.
SPAIN: INCLUDING RUBBER & PLASTICS FOOTWEAR.


SOURCE: U.S. BUREAU OF LABOR STATISTICS, MAY 1999.
HOURLY COMPENSATION COSTS FOR PRODUCTION WORKERS IN U.S. DOLLARS
                                                                                                          PAGE  25
LEATHER FOOTWEAR MANUFACTURING (US SIC 314)
1975 AND 1986-96
---------------------------------------------------------------------------------------------------------------------
COUNTRY OR AREA       1975    1986    1987    1988    1989    1990    1991    1992    1993    1994    1995    1996
---------------------------------------------------------------------------------------------------------------------
UNITED STATES         3.75    7.34    7.54    7.87    8.31    8.75    9.04    9.39    9.59   10.26   10.35   10.85
MEXICO                  ..     .64     .61     .79    1.04    1.34    1.60    2.10    2.16    2.18    1.21    1.15
HONG KONG SAR (1)      .89    2.18    2.33    2.67    2.87    3.20    3.39    3.38      ..      ..      ..      ..
KOREA                  .32    1.00    1.18    1.65    2.31    2.62    3.05    3.47      ..      ..      ..      ..
BELGIUM               5.51   10.11   12.35   12.70   12.14   14.89   15.11   16.74   16.27   17.30      ..      ..
DENMARK               5.02    9.36   12.57   12.83   12.06   15.31   15.86   17.38   16.33      ..      ..      ..
FRANCE                3.67    8.28    9.97   10.49   10.22   12.29   12.50   13.81   13.42   14.08   15.95   15.80
GERMANY (1)           4.53    9.69   12.09   12.80   12.40   15.40   15.73   17.80   17.26   18.35   21.61   21.27
ITALY                 3.26    8.04    9.98   10.76   11.02   13.43   13.95   14.93   12.17   12.17   12.41   13.56
SPAIN (1)               ..      ..      ..      ..    6.30    7.88    8.19    8.99    7.69    7.28    8.08      ..
UNITED KINGDOM        3.04    6.29    7.27    8.66    8.85   10.74   11.24   11.87   10.66   10.99   12.26   12.64
---------------------------------------------------------------------------------------------------------------------
(1) INDUSTRY NOTES:
HONG KONG: HONG KONG SPECIAL ADMINISTRATIVE REGION OF CHINA.
GERMANY: FORMER WEST GERMANY.
SPAIN: INCLUDING RUBBER & PLASTICS FOOTWEAR.


SOURCE: U.S. BUREAU OF LABOR STATISTICS, MAY 1999.
HOURLY COMPENSATION COSTS FOR PRODUCTION WORKERS IN NATIONAL CURRENCY
                                                                                                          PAGE  26
LEATHER FOOTWEAR MANUFACTURING (US SIC 314)
1975 AND 1986-96
---------------------------------------------------------------------------------------------------------------------
COUNTRY OR AREA       1975    1986    1987    1988    1989    1990    1991    1992    1993    1994    1995    1996
---------------------------------------------------------------------------------------------------------------------
UNITED STATES         3.75    7.34    7.54    7.87    8.31    8.75    9.04    9.39    9.59   10.26   10.35   10.85
MEXICO                  ..     390     838    1804    2564    3768    4830    6494    6.72    7.36    7.74    8.76
HONG KONG SAR (1)     4.40   17.04   18.19   20.85   22.41   24.94   26.37   26.16      ..      ..      ..      ..
KOREA                  156     881     969    1206    1550    1857    2240    2705      ..      ..      ..      ..
BELGIUM             202.01  451.71  461.32  467.02  478.40  497.56  516.89  538.15  562.67  578.34      ..      ..
DENMARK              28.79   75.80   86.09   86.49   88.28   94.77  101.56  104.93  105.91      ..      ..      ..
FRANCE               15.72   57.32   59.96   62.48   65.22   66.96   70.59   73.14   76.07   78.09   79.51   80.83
GERMANY (1)          11.12   21.03   21.74   22.49   23.33   24.91   26.13   27.80   28.56   29.77   30.95   32.01
ITALY                 2126   11989   12946   14006   15121   16095   17309   18390   19140   19602   20209   20918
SPAIN (1)               ..      ..      ..      ..     745     804     852     920     981     975    1007      ..
UNITED KINGDOM        1.37    4.29    4.43    4.86    5.40    6.02    6.36    6.72    7.10    7.18    7.77    8.10
---------------------------------------------------------------------------------------------------------------------
(1) INDUSTRY NOTES:
HONG KONG: HONG KONG SPECIAL ADMINISTRATIVE REGION OF CHINA.
GERMANY: FORMER WEST GERMANY.
SPAIN: INCLUDING RUBBER & PLASTICS FOOTWEAR.


SOURCE: U.S. BUREAU OF LABOR STATISTICS, MAY 1999.
HOURLY COMPENSATION COSTS FOR PRODUCTION WORKERS: INDEX U.S. = 100
                                                                                                          PAGE  27
LUMBER, WOOD PRODUCTS, & FURNITURE (US SIC 24 & 25 & ISIC 33) (1)
1975 AND 1986-96
---------------------------------------------------------------------------------------------------------------------
COUNTRY OR AREA       1975    1986    1987    1988    1989    1990    1991    1992    1993    1994    1995    1996
---------------------------------------------------------------------------------------------------------------------
UNITED STATES          100     100     100     100     100     100     100     100     100     100     100     100
CANADA                  ..      94     101     109     115     122     125     119     114     109     108     111
MEXICO                  ..       7       6       7       8       8      10      11      12      12       7       7
ISRAEL                  42      42      53      63      60      64      63      65      64      69      79      78
JAPAN                   46      72      84      95      92      90      98     105     122     132     145     122
KOREA                    6      13      15      21      27      31      37      40      ..      ..      ..      ..
TAIWAN                   7      15      19      23      26      28      30      33      34      35      36      34
AUSTRIA                 79      90     109     113     107     128     127     139     135     145     164     158
BELGIUM                116     108     128     128     120     145     145     156     148     155      ..      ..
DENMARK                111      98     124     126     116     141     140     148     135      ..      ..      ..
FINLAND (1)             80      91     110     124     131     159     156     143     117     126     157     148
FRANCE                  77      84      99     102      96     113     110     118     111     115     127     123
GERMANY (1)            115     117     143     148     139     167     169     204     185     185     213      ..
IRELAND                 55      58      66      72      67      77      78      83      76      77      80      80
ITALY                   76      87     104     108     110     130     133     137     109     108     107     113
NETHERLANDS            116     100     121     123     113     131     127     136     137     136      ..      ..
NORWAY                  ..     113     139     147     140     158     154     155     133     137     156     157
SPAIN                   ..      ..      ..      ..      57      69      74      79      66      63      68      75
SWEDEN                 136     111     132     144     147     169     173     188     132      ..      ..      ..
SWITZERLAND            119     128     154     158     142     171     175     181     175      ..      ..      ..
UNITED KINGDOM          65      65      75      86      82      93      96      96      80      81      83      82
---------------------------------------------------------------------------------------------------------------------
(1) INDUSTRY NOTES: INCLUDES METAL FURNITURE FOR THE UNITED STATES, CANADA,
JAPAN, AND TAIWAN. METAL FURNITURE IS CLASSIFIED IN FABRICATED METAL
PRODUCTS IN THE OTHER COUNTRIES.
FINLAND: BREAKS IN SERIES AT 1994 AND 1995.
GERMANY: FORMER WEST GERMANY.


SOURCE: U.S. BUREAU OF LABOR STATISTICS, MAY 1999.
HOURLY COMPENSATION COSTS FOR PRODUCTION WORKERS IN U.S. DOLLARS
                                                                                                          PAGE  28
LUMBER, WOOD PRODUCTS, & FURNITURE (US SIC 24 & 25 & ISIC 33) (1)
1975 AND 1986-96
---------------------------------------------------------------------------------------------------------------------
COUNTRY OR AREA       1975    1986    1987    1988    1989    1990    1991    1992    1993    1994    1995    1996
---------------------------------------------------------------------------------------------------------------------
UNITED STATES         4.97   10.37   10.64   10.91   11.26   11.67   11.98   12.38   12.66   12.86   13.21   13.61
CANADA                  ..    9.70   10.74   11.87   12.94   14.22   14.96   14.73   14.37   13.97   14.25   15.08
MEXICO                  ..     .77     .68     .75     .85     .98    1.14    1.33    1.54    1.49     .91     .92
ISRAEL                2.07    4.40    5.61    6.82    6.72    7.49    7.53    8.05    8.09    8.87   10.39   10.65
JAPAN                 2.29    7.45    8.90   10.41   10.31   10.48   11.80   12.99   15.44   16.95   19.13   16.63
KOREA                  .31    1.30    1.55    2.29    3.06    3.66    4.48    5.00      ..      ..      ..      ..
TAIWAN                 .34    1.53    2.05    2.54    2.98    3.31    3.62    4.07    4.25    4.51    4.73    4.62
AUSTRIA               3.93    9.30   11.64   12.37   12.02   14.94   15.23   17.23   17.13   18.62   21.65   21.57
BELGIUM               5.79   11.19   13.61   13.97   13.52   16.88   17.38   19.37   18.69   19.92      ..      ..
DENMARK               5.50   10.15   13.17   13.74   13.06   16.49   16.77   18.27   17.05      ..      ..      ..
FINLAND (1)           3.98    9.39   11.72   13.50   14.72   18.59   18.69   17.68   14.77   16.25   20.68   20.21
FRANCE                3.81    8.73   10.55   11.14   10.84   13.15   13.21   14.65   14.09   14.78   16.77   16.69
GERMANY (1)           5.71   12.18   15.22   16.15   15.70   19.52   20.30   25.20   23.47   23.78   28.16      ..
IRELAND               2.71    6.02    7.04    7.85    7.49    9.00    9.31   10.30    9.58    9.96   10.59   10.86
ITALY                 3.79    9.03   11.10   11.73   12.38   15.16   15.99   16.94   13.84   13.89   14.19   15.37
NETHERLANDS           5.78   10.42   12.83   13.37   12.67   15.34   15.25   16.89   17.38   17.50      ..      ..
NORWAY                  ..   11.69   14.83   16.08   15.82   18.42   18.44   19.15   16.90   17.67   20.66   21.39
SPAIN                   ..      ..      ..      ..    6.40    8.03    8.84    9.72    8.36    8.04    9.00   10.19
SWEDEN                6.76   11.56   14.06   15.71   16.52   19.69   20.77   23.24   16.65      ..      ..      ..
SWITZERLAND           5.93   13.27   16.42   17.27   16.03   20.00   20.96   22.44   22.12      ..      ..      ..
UNITED KINGDOM        3.22    6.77    7.99    9.37    9.19   10.87   11.50   11.87   10.09   10.36   10.92   11.12
---------------------------------------------------------------------------------------------------------------------
(1) INDUSTRY NOTES: INCLUDES METAL FURNITURE FOR THE UNITED STATES, CANADA,
JAPAN, AND TAIWAN. METAL FURNITURE IS CLASSIFIED IN FABRICATED METAL
PRODUCTS IN THE OTHER COUNTRIES.
FINLAND: BREAKS IN SERIES AT 1994 AND 1995.
GERMANY: FORMER WEST GERMANY.


SOURCE: U.S. BUREAU OF LABOR STATISTICS, MAY 1999.
HOURLY COMPENSATION COSTS FOR PRODUCTION WORKERS IN NATIONAL CURRENCY
                                                                                                          PAGE  29
LUMBER, WOOD PRODUCTS, & FURNITURE (US SIC 24 & 25 & ISIC 33) (1)
1975 AND 1986-96
---------------------------------------------------------------------------------------------------------------------
COUNTRY OR AREA       1975    1986    1987    1988    1989    1990    1991    1992    1993    1994    1995    1996
---------------------------------------------------------------------------------------------------------------------
UNITED STATES         4.97   10.37   10.64   10.91   11.26   11.67   11.98   12.38   12.66   12.86   13.21   13.61
CANADA                  ..   13.49   14.24   14.61   15.32   16.60   17.14   17.81   18.54   19.08   19.56   20.56
MEXICO                  ..     474     931    1701    2088    2755    3445    4128    4.80    5.03    5.83    6.99
ISRAEL                1.33    6.54    8.95   10.90   12.87   15.11   17.16   19.79   22.89   26.70   31.29   35.01
JAPAN                  681    1254    1286    1334    1424    1519    1589    1647    1716    1732    1798    1810
KOREA                  150    1146    1278    1678    2052    2588    3284    3905      ..      ..      ..      ..
TAIWAN               13.05   57.77   65.42   72.67   78.74   88.98   96.75  102.34  112.22  119.35  125.36  126.83
AUSTRIA              68.30  141.90  147.27  152.90  159.17  169.31  177.98  189.41  199.36  212.40  218.24  228.41
BELGIUM             212.44  499.90  508.30  513.93  532.98  564.25  594.24  622.90  646.14  665.79      ..      ..
DENMARK              31.55   82.13   90.22   92.62   95.65  102.10  107.39  110.28  110.61      ..      ..      ..
FINLAND (1)          14.60   47.63   51.62   56.60   63.25   71.19   75.73   79.34   84.57   85.04   90.48   92.86
FRANCE               16.29   60.48   63.41   66.38   69.14   71.63   74.58   77.56   79.82   81.94   83.63   85.36
GERMANY (1)          14.02   26.43   27.36   28.37   29.53   31.57   33.72   39.36   38.84   38.58   40.33      ..
IRELAND               1.22    4.49    4.73    5.15    5.28    5.43    5.77    6.04    6.54    6.66    6.60    6.79
ITALY                 2471   13465   14397   15278   16991   18160   19847   20870   21777   22383   23119   23719
NETHERLANDS          14.59   25.50   26.00   26.45   26.90   27.95   28.54   29.71   32.29   31.83      ..      ..
NORWAY                  ..   86.49   99.94  104.88  109.36  115.17  119.71  119.02  119.93  124.68  130.90  138.17
SPAIN                   ..      ..      ..      ..     758     819     919     995    1066    1076    1121    1291
SWEDEN               28.00   82.37   89.26   96.43  106.65  116.63  125.68  135.40  129.77      ..      ..      ..
SWITZERLAND          15.31   23.86   24.50   25.28   26.23   27.80   30.10   31.55   32.70      ..      ..      ..
UNITED KINGDOM        1.45    4.62    4.87    5.26    5.61    6.09    6.51    6.72    6.72    6.77    6.92    7.13
---------------------------------------------------------------------------------------------------------------------
(1) INDUSTRY NOTES: INCLUDES METAL FURNITURE FOR THE UNITED STATES, CANADA,
JAPAN, AND TAIWAN. METAL FURNITURE IS CLASSIFIED IN FABRICATED METAL
PRODUCTS IN THE OTHER COUNTRIES.
FINLAND: BREAKS IN SERIES AT 1994 AND 1995.
GERMANY: FORMER WEST GERMANY.


SOURCE: U.S. BUREAU OF LABOR STATISTICS, MAY 1999.
HOURLY COMPENSATION COSTS FOR PRODUCTION WORKERS: INDEX U.S. = 100
                                                                                                          PAGE  30
LUMBER AND WOOD PRODUCTS MANUFACTURING (US SIC 24)
1975 AND 1986-96
---------------------------------------------------------------------------------------------------------------------
COUNTRY OR AREA       1975    1986    1987    1988    1989    1990    1991    1992    1993    1994    1995    1996
---------------------------------------------------------------------------------------------------------------------
UNITED STATES          100     100     100     100     100     100     100     100     100     100     100     100
CANADA                  ..      99     107     116     123     130     136     127     121     115     115     118
MEXICO                  ..       7       6       7       7       8       9      10      12      11       7       7
JAPAN                   43      68      81      91      87      87      95     102     120     132     145     125
KOREA                    6      12      14      20      27      31      36      40      44      46      53      53
TAIWAN                   7      13      17      21      24      26      27      30      32      34      36      34
BELGIUM                113     104     125     127     120     144     145     157     150     157      ..      ..
FINLAND (1)             76      88     109     123     131     160     157     144     118     129     162     154
FRANCE                  74      82      98     101      96     113     111     120     113     117     130     125
GREECE                  30      35      39      44      44      53      55      61      58      60      67      69
SWEDEN (1)             130     108     129     142     145     167     173     187     132     137     153     168
SWITZERLAND            107     114     137     143     130     156     160     165     163      ..      ..      ..
---------------------------------------------------------------------------------------------------------------------
(1) INDUSTRY NOTES:
FINLAND: BREAKS IN SERIES AT 1994 AND 1995.
SWEDEN: BREAK IN SERIES AT 1994.


SOURCE: U.S. BUREAU OF LABOR STATISTICS, MAY 1999.
HOURLY COMPENSATION COSTS FOR PRODUCTION WORKERS IN U.S. DOLLARS
                                                                                                          PAGE  31
LUMBER AND WOOD PRODUCTS MANUFACTURING (US SIC 24)
1975 AND 1986-96
---------------------------------------------------------------------------------------------------------------------
COUNTRY OR AREA       1975    1986    1987    1988    1989    1990    1991    1992    1993    1994    1995    1996
---------------------------------------------------------------------------------------------------------------------
UNITED STATES         5.22   10.80   10.98   11.18   11.50   11.90   12.17   12.57   12.78   12.97   13.33   13.73
CANADA                  ..   10.72   11.71   12.92   14.10   15.48   16.51   15.98   15.50   14.95   15.36   16.21
MEXICO                  ..     .77     .67     .75     .85     .96    1.12    1.30    1.49    1.43     .90     .94
JAPAN                 2.26    7.33    8.84   10.12    9.98   10.32   11.61   12.79   15.32   17.13   19.32   17.10
KOREA                  .31    1.26    1.56    2.26    3.16    3.73    4.42    4.99    5.60    6.00    7.01    7.21
TAIWAN                 .35    1.43    1.92    2.30    2.72    3.04    3.31    3.81    4.06    4.46    4.79    4.60
BELGIUM               5.88   11.26   13.69   14.18   13.77   17.16   17.63   19.79   19.20   20.41      ..      ..
FINLAND (1)           3.97    9.55   11.93   13.79   15.09   19.07   19.12   18.07   15.14   16.74   21.61   21.19
FRANCE                3.88    8.88   10.74   11.33   11.05   13.42   13.52   15.05   14.47   15.18   17.27   17.15
GREECE                1.58    3.80    4.33    4.89    5.07    6.35    6.65    7.73    7.37    7.83    8.98    9.52
SWEDEN (1)            6.81   11.67   14.19   15.86   16.71   19.92   21.04   23.49   16.82   17.78   20.41   23.07
SWITZERLAND           5.57   12.31   15.06   15.99   14.95   18.59   19.50   20.68   20.84      ..      ..      ..
---------------------------------------------------------------------------------------------------------------------
(1) INDUSTRY NOTES:
FINLAND: BREAKS IN SERIES AT 1994 AND 1995.
SWEDEN: BREAK IN SERIES AT 1994.


SOURCE: U.S. BUREAU OF LABOR STATISTICS, MAY 1999.
HOURLY COMPENSATION COSTS FOR PRODUCTION WORKERS IN NATIONAL CURRENCY
                                                                                                          PAGE  32
LUMBER AND WOOD PRODUCTS MANUFACTURING (US SIC 24)
1975 AND 1986-96
---------------------------------------------------------------------------------------------------------------------
COUNTRY OR AREA       1975    1986    1987    1988    1989    1990    1991    1992    1993    1994    1995    1996
---------------------------------------------------------------------------------------------------------------------
UNITED STATES         5.22   10.80   10.98   11.18   11.50   11.90   12.17   12.57   12.78   12.97   13.33   13.73
CANADA                  ..   14.90   15.53   15.90   16.69   18.07   18.92   19.32   20.00   20.42   21.09   22.11
MEXICO                  ..     474     926    1707    2100    2696    3373    4019    4.64    4.83    5.79    7.14
JAPAN                  671    1234    1279    1298    1378    1497    1563    1622    1702    1751    1815    1861
KOREA                  149    1111    1279    1657    2124    2639    3239    3894    4498    4820    5410    5802
TAIWAN               13.39   54.28   61.14   65.69   71.91   81.91   88.68   95.74  107.29  117.99  126.94  126.25
BELGIUM             215.78  503.01  511.58  521.55  542.61  573.41  602.93  636.24  664.05  682.18      ..      ..
FINLAND (1)          14.56   48.44   52.55   57.82   64.81   73.02   77.46   81.10   86.65   87.63   94.55   97.38
FRANCE               16.60   61.51   64.55   67.54   70.51   73.09   76.35   79.66   82.01   84.18   86.11   87.73
GREECE                  51     531     586     694     823    1006    1213    1472    1691    1899    2081    2291
SWEDEN (1)           28.20   83.20   90.08   97.36  107.85  117.97  127.32  136.84  131.11  137.21  145.74  154.76
SWITZERLAND          14.36   22.14   22.47   23.40   24.48   25.83   28.00   29.07   30.80      ..      ..      ..
---------------------------------------------------------------------------------------------------------------------
(1) INDUSTRY NOTES:
FINLAND: BREAKS IN SERIES AT 1994 AND 1995.
SWEDEN: BREAK IN SERIES AT 1994.


SOURCE: U.S. BUREAU OF LABOR STATISTICS, MAY 1999.
HOURLY COMPENSATION COSTS FOR PRODUCTION WORKERS: INDEX U.S. = 100
                                                                                                          PAGE  33
FURNITURE AND FIXTURES MANUFACTURING (US SIC 25) (1)
1975 AND 1986-96
---------------------------------------------------------------------------------------------------------------------
COUNTRY OR AREA       1975    1986    1987    1988    1989    1990    1991    1992    1993    1994    1995    1996
---------------------------------------------------------------------------------------------------------------------
UNITED STATES          100     100     100     100     100     100     100     100     100     100     100     100
CANADA                  ..      81      86      91      97     101     102      99      93      90      87      90
MEXICO                  ..       8       7       7       8       9      10      11      13      12       7       7
HONG KONG SAR (1)       35      25      25      29      32      34      37      35      ..      ..      ..      ..
JAPAN                   50      77      88     102      98      94     104     110     126     133     146     121
KOREA                    6      14      16      22      27      32      39      41      ..      ..      ..      ..
TAIWAN                   7      17      22      27      30      32      33      35      35      36      36      34
BELGIUM                124     114     133     131     122     148     147     158     147     154      ..      ..
FINLAND (1)             87      92     110     121     126     153     150     137     109     115     140     130
FRANCE                  82      88     103     105      98     115     111     119     112     115     127     122
GREECE                  32      36      40      43      45      55      54      57      53      57      64      67
SWEDEN                 142     114     134     144     144     165     168     184     127      ..      ..      ..
SWITZERLAND            131     138     165     167     149     179     181     188     179      ..      ..      ..
---------------------------------------------------------------------------------------------------------------------
(1) INDUSTRY NOTES: INCLUDES METAL FURNITURE FOR THE UNITED STATES, CANADA,
JAPAN, AND TAIWAN. METAL FURNITURE IS CLASSIFIED IN FABRICATED METAL
PRODUCTS IN THE OTHER COUNTRIES.
HONG KONG: HONG KONG SPECIAL ADMINISTRATIVE REGION OF CHINA.
FINLAND: BREAKS IN SERIES AT 1994 AND 1995.


SOURCE: U.S. BUREAU OF LABOR STATISTICS, MAY 1999.
HOURLY COMPENSATION COSTS FOR PRODUCTION WORKERS IN U.S. DOLLARS
                                                                                                          PAGE  34
FURNITURE AND FIXTURES MANUFACTURING (US SIC 25) (1)
1975 AND 1986-96
---------------------------------------------------------------------------------------------------------------------
COUNTRY OR AREA       1975    1986    1987    1988    1989    1990    1991    1992    1993    1994    1995    1996
---------------------------------------------------------------------------------------------------------------------
UNITED STATES         4.63    9.79   10.16   10.56   10.95   11.38   11.75   12.15   12.53   12.77   13.15   13.61
CANADA                  ..    7.95    8.73    9.65   10.61   11.53   12.00   12.02   11.70   11.46   11.44   12.20
MEXICO                  ..     .78     .68     .75     .84    1.00    1.16    1.36    1.58    1.53     .91     .89
HONG KONG SAR (1)     1.60    2.49    2.51    3.08    3.49    3.86    4.36    4.21      ..      ..      ..      ..
JAPAN                 2.33    7.57    8.99   10.77   10.71   10.69   12.17   13.38   15.78   17.04   19.23   16.42
KOREA                  .30    1.36    1.59    2.34    2.99    3.68    4.54    5.01      ..      ..      ..      ..
TAIWAN                 .33    1.64    2.22    2.86    3.31    3.60    3.93    4.30    4.39    4.54    4.69    4.63
BELGIUM               5.75   11.16   13.56   13.87   13.40   16.79   17.25   19.17   18.42   19.67      ..      ..
FINLAND (1)           4.04    9.01   11.21   12.80   13.84   17.36   17.64   16.60   13.69   14.70   18.40   17.74
FRANCE                3.78    8.65   10.45   11.06   10.73   13.04   13.07   14.50   14.00   14.72   16.67   16.63
GREECE                1.49    3.57    4.07    4.57    4.93    6.21    6.34    6.92    6.64    7.24    8.48    9.13
SWEDEN                6.58   11.15   13.59   15.19   15.80   18.83   19.76   22.34   15.97      ..      ..      ..
SWITZERLAND           6.05   13.50   16.76   17.59   16.29   20.36   21.31   22.88   22.45      ..      ..      ..
---------------------------------------------------------------------------------------------------------------------
(1) INDUSTRY NOTES: INCLUDES METAL FURNITURE FOR THE UNITED STATES, CANADA,
JAPAN, AND TAIWAN. METAL FURNITURE IS CLASSIFIED IN FABRICATED METAL
PRODUCTS IN THE OTHER COUNTRIES.
HONG KONG: HONG KONG SPECIAL ADMINISTRATIVE REGION OF CHINA.
FINLAND: BREAKS IN SERIES AT 1994 AND 1995.


SOURCE: U.S. BUREAU OF LABOR STATISTICS, MAY 1999.
HOURLY COMPENSATION COSTS FOR PRODUCTION WORKERS IN NATIONAL CURRENCY
                                                                                                          PAGE  35
FURNITURE AND FIXTURES MANUFACTURING (US SIC 25) (1)
1975 AND 1986-96
---------------------------------------------------------------------------------------------------------------------
COUNTRY OR AREA       1975    1986    1987    1988    1989    1990    1991    1992    1993    1994    1995    1996
---------------------------------------------------------------------------------------------------------------------
UNITED STATES         4.63    9.79   10.16   10.56   10.95   11.38   11.75   12.15   12.53   12.77   13.15   13.61
CANADA                  ..   11.05   11.58   11.88   12.56   13.46   13.75   14.53   15.09   15.65   15.70   16.64
MEXICO                  ..     476     937    1695    2076    2810    3506    4217    4.93    5.18    5.83    6.79
HONG KONG SAR (1)     7.88   19.41   19.55   24.05   27.25   30.04   33.86   32.57      ..      ..      ..      ..
JAPAN                  692    1274    1301    1380    1480    1551    1638    1696    1753    1742    1807    1787
KOREA                  147    1195    1312    1714    2009    2601    3328    3911      ..      ..      ..      ..
TAIWAN               12.51   61.99   70.60   81.72   87.29   96.98  105.25  108.25  115.87  120.28  124.29  127.22
BELGIUM             210.79  498.30  506.65  510.07  527.92  561.07  589.79  616.19  636.99  657.41      ..      ..
FINLAND (1)          14.80   45.70   49.38   53.67   59.47   66.47   71.46   74.48   78.36   76.95   80.50   81.49
FRANCE               16.18   59.89   62.85   65.92   68.45   71.05   73.82   76.75   79.31   81.66   83.14   85.06
GREECE                  48     499     551     649     800     985    1157    1318    1522    1756    1964    2198
SWEDEN               27.24   79.48   86.26   93.20  101.98  111.51  119.56  130.17  124.52      ..      ..      ..
SWITZERLAND          15.61   24.27   25.00   25.75   26.67   28.30   30.61   32.17   33.18      ..      ..      ..
---------------------------------------------------------------------------------------------------------------------
(1) INDUSTRY NOTES: INCLUDES METAL FURNITURE FOR THE UNITED STATES, CANADA,
JAPAN, AND TAIWAN. METAL FURNITURE IS CLASSIFIED IN FABRICATED METAL
PRODUCTS IN THE OTHER COUNTRIES.
HONG KONG: HONG KONG SPECIAL ADMINISTRATIVE REGION OF CHINA.
FINLAND: BREAKS IN SERIES AT 1994 AND 1995.


SOURCE: U.S. BUREAU OF LABOR STATISTICS, MAY 1999.
HOURLY COMPENSATION COSTS FOR PRODUCTION WORKERS: INDEX U.S. = 100
                                                                                                          PAGE  36
PAPER, PRINTING, AND PUBLISHING (US SIC 26 & 27 & ISIC 34)
1975 AND 1986-96
---------------------------------------------------------------------------------------------------------------------
COUNTRY OR AREA       1975    1986    1987    1988    1989    1990    1991    1992    1993    1994    1995    1996
---------------------------------------------------------------------------------------------------------------------
UNITED STATES          100     100     100     100     100     100     100     100     100     100     100     100
CANADA                  ..      93      96     106     112     115     123     118     110     102     102     101
MEXICO                  ..       7       7       8       9      10      12      14      15      14       8       8
AUSTRALIA               95      69      78      87      91      91      92      85      81      87      ..      ..
JAPAN                   47      73      80      92      89      86      96     103     118     129     141     124
KOREA                    6      11      13      17      22      25      30      32      33      37      41      43
TAIWAN                   7      14      18      21      26      28      30      34      34      36      38      37
BELGIUM                104      94     112     115     109     131     129     141     134     140      ..      ..
DENMARK                112      97     125     128     117     138     140     147     137      ..      ..      ..
FINLAND (1)             83      94     113     126     129     159     155     142     117     132     165     159
FRANCE                  82      87     101     105     100     119     116     125     118     122     135     131
GERMANY (1)             95      95     117     124     116     141     141     153     147     155     183     173
IRELAND                 50      66      75      81      77      88      85      91      82      84      90      90
ITALY                   84      85     102     107     107     130     130     132     105     104     103     111
NETHERLANDS            107      95     113     116     109     127     122     131     128     127      ..      ..
SPAIN                   ..      ..      ..      ..      63      75      77      81      70      69      75      74
SWEDEN (1)             120     102     119     129     130     152     154     168     117     122     137     154
SWITZERLAND            100     118     139     145     131     157     156     162     150      ..      ..      ..
UNITED KINGDOM          52      66      76      86      81      94      97      97      82      87      90      90
---------------------------------------------------------------------------------------------------------------------
(1) INDUSTRY NOTES:
FINLAND: BREAKS IN SERIES AT 1994 AND 1995.
GERMANY: FORMER WEST GERMANY.
SWEDEN: BREAK IN SERIES AT 1994.


SOURCE: U.S. BUREAU OF LABOR STATISTICS, MAY 1999.
HOURLY COMPENSATION COSTS FOR PRODUCTION WORKERS IN U.S. DOLLARS
                                                                                                          PAGE  37
PAPER, PRINTING, AND PUBLISHING (US SIC 26 & 27 & ISIC 34)
1975 AND 1986-96
---------------------------------------------------------------------------------------------------------------------
COUNTRY OR AREA       1975    1986    1987    1988    1989    1990    1991    1992    1993    1994    1995    1996
---------------------------------------------------------------------------------------------------------------------
UNITED STATES         6.59   13.94   14.46   14.77   15.16   15.68   16.23   16.78   17.17   17.38   17.75   18.14
CANADA                  ..   12.91   13.87   15.68   16.91   18.03   20.00   19.87   18.91   17.72   18.03   18.36
MEXICO                  ..    1.01    1.04    1.23    1.43    1.57    1.88    2.28    2.51    2.50    1.48    1.52
AUSTRALIA             6.28    9.58   11.25   12.87   13.86   14.32   14.90   14.26   13.95   15.19      ..      ..
JAPAN                 3.13   10.12   11.62   13.59   13.51   13.52   15.50   17.28   20.22   22.39   24.96   22.42
KOREA                  .40    1.58    1.88    2.48    3.36    3.98    4.83    5.36    5.75    6.46    7.31    7.83
TAIWAN                 .48    2.01    2.54    3.13    3.88    4.34    4.79    5.69    5.82    6.26    6.79    6.76
BELGIUM               6.87   13.09   16.23   16.93   16.48   20.47   20.94   23.60   22.95   24.29      ..      ..
DENMARK               7.41   13.55   18.04   18.88   17.67   21.71   22.69   24.72   23.53      ..      ..      ..
FINLAND (1)           5.46   13.16   16.27   18.56   19.56   24.93   25.22   23.80   20.07   22.89   29.33   28.81
FRANCE                5.41   12.17   14.58   15.48   15.15   18.69   18.87   20.95   20.19   21.22   24.05   23.84
GERMANY (1)           6.29   13.25   16.98   18.30   17.64   22.15   22.95   25.64   25.31   26.88   32.46   31.42
IRELAND               3.30    9.26   10.85   11.95   11.64   13.78   13.76   15.20   14.05   14.57   15.91   16.25
ITALY                 5.55   11.86   14.79   15.79   16.28   20.38   21.06   22.12   18.06   18.14   18.32   20.17
NETHERLANDS           7.04   13.21   16.35   17.13   16.46   19.91   19.73   21.91   21.94   22.10      ..      ..
SPAIN                   ..      ..      ..      ..    9.50   11.79   12.54   13.60   12.02   11.98   13.30   13.35
SWEDEN (1)            7.90   14.18   17.19   18.99   19.78   23.82   25.07   28.13   20.02   21.23   24.37   27.98
SWITZERLAND           6.60   16.40   20.14   21.36   19.82   24.63   25.30   27.17   25.68      ..      ..      ..
UNITED KINGDOM        3.42    9.22   10.97   12.70   12.32   14.78   15.71   16.33   14.05   15.07   15.99   16.29
---------------------------------------------------------------------------------------------------------------------
(1) INDUSTRY NOTES:
FINLAND: BREAKS IN SERIES AT 1994 AND 1995.
GERMANY: FORMER WEST GERMANY.
SWEDEN: BREAK IN SERIES AT 1994.


SOURCE: U.S. BUREAU OF LABOR STATISTICS, MAY 1999.
HOURLY COMPENSATION COSTS FOR PRODUCTION WORKERS IN NATIONAL CURRENCY
                                                                                                          PAGE  38
PAPER, PRINTING, AND PUBLISHING (US SIC 26 & 27 & ISIC 34)
1975 AND 1986-96
---------------------------------------------------------------------------------------------------------------------
COUNTRY OR AREA       1975    1986    1987    1988    1989    1990    1991    1992    1993    1994    1995    1996
---------------------------------------------------------------------------------------------------------------------
UNITED STATES         6.59   13.94   14.46   14.77   15.16   15.68   16.23   16.78   17.17   17.38   17.75   18.14
CANADA                  ..   17.95   18.39   19.30   20.02   21.04   22.92   24.03   24.39   24.21   24.76   25.04
MEXICO                  ..     616    1439    2804    3529    4423    5687    7051    7.82    8.43    9.50   11.52
AUSTRALIA             4.80   14.27   16.04   16.42   17.50   18.35   19.13   19.40   20.52   20.77      ..      ..
JAPAN                  927    1704    1680    1743    1865    1960    2087    2192    2247    2288    2346    2439
KOREA                  195    1396    1549    1812    2258    2818    3539    4181    4618    5192    5641    6297
TAIWAN               18.29   75.91   80.79   89.45  102.44  116.82  128.21  143.10  153.64  165.69  179.89  185.65
BELGIUM             251.89  584.51  606.45  622.62  649.47  684.20  716.20  758.82  793.78  812.09      ..      ..
DENMARK              42.52  109.71  123.53  127.27  129.39  134.40  145.33  149.21  152.59      ..      ..      ..
FINLAND (1)          20.03   66.73   71.64   77.84   84.03   95.48  102.18  106.78  114.88  119.83  128.35  132.40
FRANCE               23.15   84.28   87.65   92.26   96.68  101.78  106.57  110.89  114.41  117.67  119.89  121.94
GERMANY (1)          15.45   28.76   30.52   32.16   33.18   35.82   38.12   40.05   41.88   43.59   46.48   47.29
IRELAND               1.48    6.91    7.29    7.83    8.21    8.31    8.53    8.92    9.59    9.73    9.92   10.15
ITALY                 3622   17690   19186   20560   22334   24419   26139   27247   28413   29227   29839   31125
NETHERLANDS          17.75   32.33   33.12   33.87   34.93   36.27   36.94   38.54   40.76   40.20      ..      ..
SPAIN                   ..      ..      ..      ..    1125    1202    1304    1393    1533    1604    1658    1692
SWEDEN (1)           32.74  101.04  109.12  116.55  127.72  141.08  151.73  163.89  156.07  163.80  174.04  187.69
SWITZERLAND          17.03   29.49   30.05   31.28   32.45   34.23   36.33   38.20   37.96      ..      ..      ..
UNITED KINGDOM        1.54    6.28    6.69    7.13    7.52    8.28    8.89    9.25    9.36    9.84   10.13   10.44
---------------------------------------------------------------------------------------------------------------------
(1) INDUSTRY NOTES:
FINLAND: BREAKS IN SERIES AT 1994 AND 1995.
GERMANY: FORMER WEST GERMANY.
SWEDEN: BREAK IN SERIES AT 1994.


SOURCE: U.S. BUREAU OF LABOR STATISTICS, MAY 1999.
HOURLY COMPENSATION COSTS FOR PRODUCTION WORKERS: INDEX U.S. = 100
                                                                                                          PAGE  39
PAPER AND ALLIED PRODUCTS MANUFACTURING (US SIC 26)
1975 AND 1986-96
---------------------------------------------------------------------------------------------------------------------
COUNTRY OR AREA       1975    1986    1987    1988    1989    1990    1991    1992    1993    1994    1995    1996
---------------------------------------------------------------------------------------------------------------------
UNITED STATES          100     100     100     100     100     100     100     100     100     100     100     100
CANADA                  ..      95     100     109     116     118     125     121     113     107     107     106
MEXICO                  ..       7       8       9      10      11      12      13      15      14       8       9
ISRAEL                  32      29      36      43      40      42      43      44      42      43      48      48
JAPAN                   50      62      71      83      85      80      87      93     107     117     126     107
KOREA                    6       9      11      15      20      22      26      28      29      32      35      37
TAIWAN                   7      13      16      19      23      24      25      29      28      30      34      33
AUSTRIA                 74      75      93     102      97     116     113     122     114     119     136     132
BELGIUM                100      81      98     101      95     114     113     124     117     121      ..      ..
DENMARK                100      79     102     106      98     118     115     124     114      ..      ..      ..
FINLAND (1)             85      88     105     117     121     149     146     134     110     123     154     148
FRANCE                  77      72      83      87      83      98      95     104      97     100     111     106
GERMANY (1)             88      81     101     107     100     122     122     132     125     131     151     143
GREECE                  24      27      29      32      33      40      38      41      39      40      44      45
IRELAND                 47      54      60      65      61      72      70      74      66      68      75      74
ITALY                   81      72      88      92      92     111     111     113      89      87      88      92
NETHERLANDS            110      85     103     105      98     113     109     118     116     115      ..      ..
NORWAY                  ..      86     107     114     111     126     121     123     105     107     125     127
SPAIN                   ..      ..      ..      ..      59      71      72      78      63      61      66      67
SWEDEN (1)             118      92     109     118     121     140     142     153     106     111     125     141
SWITZERLAND             88      89     109     111     102     124     122     126     118      ..      ..      ..
UNITED KINGDOM          46      47      55      64      61      73      78      80      68      70      74      79
---------------------------------------------------------------------------------------------------------------------
(1) INDUSTRY NOTES:
FINLAND: BREAKS IN SERIES AT 1994 AND 1995.
GERMANY: FORMER WEST GERMANY.
SWEDEN: BREAK IN SERIES AT 1994.


SOURCE: U.S. BUREAU OF LABOR STATISTICS, MAY 1999.
HOURLY COMPENSATION COSTS FOR PRODUCTION WORKERS IN U.S. DOLLARS
                                                                                                          PAGE  40
PAPER AND ALLIED PRODUCTS MANUFACTURING (US SIC 26)
1975 AND 1986-96
---------------------------------------------------------------------------------------------------------------------
COUNTRY OR AREA       1975    1986    1987    1988    1989    1990    1991    1992    1993    1994    1995    1996
---------------------------------------------------------------------------------------------------------------------
UNITED STATES         6.52   15.47   15.90   16.23   16.66   17.26   18.02   18.56   19.14   19.51   20.09   20.61
CANADA                  ..   14.65   15.84   17.69   19.27   20.40   22.59   22.39   21.62   20.84   21.50   21.87
MEXICO                  ..    1.09    1.24    1.44    1.67    1.84    2.18    2.49    2.81    2.75    1.68    1.76
ISRAEL                2.10    4.56    5.66    7.06    6.68    7.33    7.78    8.18    7.99    8.39    9.57    9.86
JAPAN                 3.24    9.56   11.29   13.41   14.17   13.78   15.61   17.34   20.46   22.73   25.27   22.09
KOREA                  .37    1.41    1.72    2.40    3.40    3.85    4.69    5.24    5.48    6.21    7.05    7.61
TAIWAN                 .47    2.01    2.55    3.14    3.85    4.22    4.50    5.35    5.34    5.87    6.82    6.76
AUSTRIA               4.84   11.54   14.83   16.50   16.16   20.07   20.41   22.68   21.81   23.22   27.23   27.22
BELGIUM               6.49   12.60   15.63   16.34   15.79   19.63   20.32   22.95   22.37   23.66      ..      ..
DENMARK               6.49   12.27   16.27   17.16   16.41   20.42   20.70   22.98   21.76      ..      ..      ..
FINLAND (1)           5.51   13.56   16.75   19.06   20.19   25.75   26.35   24.96   21.05   23.99   30.94   30.48
FRANCE                5.02   11.07   13.22   14.04   13.75   16.94   17.14   19.28   18.54   19.50   22.21   21.88
GERMANY (1)           5.77   12.54   16.12   17.32   16.66   21.01   21.93   24.46   23.84   25.48   30.41   29.44
GREECE                1.59    4.14    4.67    5.16    5.57    6.90    6.90    7.57    7.45    7.86    8.83    9.20
IRELAND               3.05    8.36    9.59   10.48   10.21   12.51   12.67   13.81   12.66   13.32   14.98   15.26
ITALY                 5.28   11.15   13.96   14.91   15.34   19.19   19.93   21.04   16.96   16.99   17.63   18.87
NETHERLANDS           7.18   13.22   16.31   17.01   16.30   19.57   19.73   21.99   22.19   22.34      ..      ..
NORWAY                  ..   13.28   16.97   18.54   18.52   21.82   21.81   22.88   20.14   20.96   25.04   26.21
SPAIN                   ..      ..      ..      ..    9.80   12.23   13.00   14.44   12.07   11.82   13.27   13.79
SWEDEN (1)            7.71   14.28   17.36   19.20   20.13   24.11   25.56   28.41   20.26   21.63   25.08   29.04
SWITZERLAND           5.73   13.77   17.28   18.01   16.93   21.35   21.94   23.34   22.67      ..      ..      ..
UNITED KINGDOM        3.00    7.31    8.82   10.45   10.18   12.53   14.11   14.85   13.04   13.63   14.81   16.28
---------------------------------------------------------------------------------------------------------------------
(1) INDUSTRY NOTES:
FINLAND: BREAKS IN SERIES AT 1994 AND 1995.
GERMANY: FORMER WEST GERMANY.
SWEDEN: BREAK IN SERIES AT 1994.


SOURCE: U.S. BUREAU OF LABOR STATISTICS, MAY 1999.
HOURLY COMPENSATION COSTS FOR PRODUCTION WORKERS IN NATIONAL CURRENCY
                                                                                                          PAGE  41
PAPER AND ALLIED PRODUCTS MANUFACTURING (US SIC 26)
1975 AND 1986-96
---------------------------------------------------------------------------------------------------------------------
COUNTRY OR AREA       1975    1986    1987    1988    1989    1990    1991    1992    1993    1994    1995    1996
---------------------------------------------------------------------------------------------------------------------
UNITED STATES         6.52   15.47   15.90   16.23   16.66   17.26   18.02   18.56   19.14   19.51   20.09   20.61
CANADA                  ..   20.36   21.01   21.78   22.81   23.81   25.89   27.07   27.89   28.46   29.52   29.84
MEXICO                  ..     665    1705    3284    4109    5166    6577    7720    8.75    9.29   10.77   13.39
ISRAEL                1.34    6.78    9.03   11.29   12.80   14.78   17.74   20.11   22.61   25.27   28.81   32.43
JAPAN                  963    1610    1632    1720    1957    1999    2102    2199    2274    2323    2374    2403
KOREA                  180    1243    1418    1755    2285    2723    3442    4092    4401    4990    5436    6126
TAIWAN               17.69   76.10   81.22   89.86  101.73  113.53  120.48  134.51  140.99  155.41  180.79  185.60
AUSTRIA              84.19  176.07  187.60  203.96  214.02  227.43  238.57  249.28  253.89  264.89  274.52  288.30
BELGIUM             238.08  562.58  584.03  601.11  622.24  655.89  694.81  737.82  773.67  791.03      ..      ..
DENMARK              37.20   99.36  111.40  115.66  120.15  126.38  132.59  138.76  141.15      ..      ..      ..
FINLAND (1)          20.20   68.76   73.75   79.91   86.72   98.64  106.77  112.01  120.48  125.58  135.37  140.06
FRANCE               21.48   76.67   79.50   83.65   87.70   92.27   96.79  102.09  105.09  108.16  110.72  111.95
GERMANY (1)          14.16   27.22   28.98   30.42   31.34   33.98   36.42   38.21   39.46   41.33   43.54   44.30
GREECE                  51     580     633     732     904    1094    1257    1443    1709    1906    2047    2214
IRELAND               1.37    6.23    6.44    6.87    7.20    7.55    7.85    8.10    8.64    8.90    9.34    9.53
ITALY                 3442   16629   18100   19412   21053   22993   24728   25923   26677   27366   28722   29114
NETHERLANDS          18.12   32.35   33.04   33.64   34.59   35.66   36.93   38.68   41.23   40.64      ..      ..
NORWAY                  ..   98.28  114.37  120.98  128.05  136.48  141.56  142.16  142.96  147.89  158.65  169.27
SPAIN                   ..      ..      ..      ..    1160    1247    1352    1479    1538    1583    1654    1747
SWEDEN (1)           31.93  101.75  110.17  117.82  129.97  142.82  154.67  165.51  157.94  166.86  179.11  194.77
SWITZERLAND          14.78   24.75   25.78   26.36   27.71   29.68   31.50   32.82   33.50      ..      ..      ..
UNITED KINGDOM        1.35    4.98    5.38    5.87    6.21    7.02    7.98    8.41    8.69    8.90    9.38   10.43
---------------------------------------------------------------------------------------------------------------------
(1) INDUSTRY NOTES:
FINLAND: BREAKS IN SERIES AT 1994 AND 1995.
GERMANY: FORMER WEST GERMANY.
SWEDEN: BREAK IN SERIES AT 1994.


SOURCE: U.S. BUREAU OF LABOR STATISTICS, MAY 1999.
HOURLY COMPENSATION COSTS FOR PRODUCTION WORKERS: INDEX U.S. = 100
                                                                                                          PAGE  42
PRINTING AND PUBLISHING (US SIC 27)
1975 AND 1986-96
---------------------------------------------------------------------------------------------------------------------
COUNTRY OR AREA       1975    1986    1987    1988    1989    1990    1991    1992    1993    1994    1995    1996
---------------------------------------------------------------------------------------------------------------------
UNITED STATES          100     100     100     100     100     100     100     100     100     100     100     100
CANADA                  ..      81      83      92      96      99     107     105      98      87      86      87
MEXICO                  ..       7       6       8       9       9      11      14      15      15       8       8
HONG KONG SAR (1)       12      18      19      22      26      28      32      34      37      41      44      46
ISRAEL                  34      40      49      58      56      63      61      62      60      61      72      76
JAPAN                   46      81      88      99      93      91     102     110     126     138     152     135
KOREA                    6      14      15      19      23      28      33      35      38      41      46      48
TAIWAN                   8      15      19      23      27      30      34      38      39      41      44      44
BELGIUM                113     108     128     130     125     148     146     158     151     158      ..      ..
DENMARK                117     109     139     142     128     151     137     163     153      ..      ..      ..
FINLAND (1)             71      93     111     125     128     153     145     130     107     119     144     143
FRANCE                  86     102     118     123     117     138     137     145     138     143     159     156
GERMANY (1)            101     107     131     139     131     157     158     172     169     177     213     201
GREECE                  30      33      36      40      40      48      49      51      48      52      60      62
IRELAND                 51      75      84      91      86      97      94     101      91      93     100     100
ITALY                   88      97     116     121     121     147     147     149     121     120     118     128
NETHERLANDS            104     102     121     124     116     136     130     139     137     137      ..      ..
NORWAY                  ..     141     174     187     176     196     190     194     168     168     192     192
SPAIN                   ..      ..      ..      ..      66      78      82      84      76      75      82      79
SWEDEN (1)             123     108     126     135     136     159     161     177     123     128     143     158
SWITZERLAND            104     134     157     164     147     175     176     183     169      ..      ..      ..
UNITED KINGDOM          55      77      89     100      95     109     110     110      92      99     102     102
---------------------------------------------------------------------------------------------------------------------
(1) INDUSTRY NOTES:
HONG KONG: HONG KONG SPECIAL ADMINISTRATIVE REGION OF CHINA.
FINLAND: BREAKS IN SERIES AT 1994 AND 1995.
GERMANY: FORMER WEST GERMANY.
SWEDEN: BREAK IN SERIES AT 1994.


SOURCE: U.S. BUREAU OF LABOR STATISTICS, MAY 1999.
HOURLY COMPENSATION COSTS FOR PRODUCTION WORKERS IN U.S. DOLLARS
                                                                                                          PAGE  43
PRINTING AND PUBLISHING (US SIC 27)
1975 AND 1986-96
---------------------------------------------------------------------------------------------------------------------
COUNTRY OR AREA       1975    1986    1987    1988    1989    1990    1991    1992    1993    1994    1995    1996
---------------------------------------------------------------------------------------------------------------------
UNITED STATES         6.67   12.94   13.49   13.80   14.19   14.74   15.13   15.65   15.91   16.07   16.29   16.61
CANADA                  ..   10.50   11.25   12.64   13.65   14.55   16.16   16.51   15.64   14.02   14.09   14.49
MEXICO                  ..     .92     .87    1.05    1.23    1.36    1.65    2.12    2.31    2.34    1.34    1.34
HONG KONG SAR (1)      .81    2.30    2.59    2.99    3.64    4.20    4.81    5.26    5.92    6.61    7.22    7.70
ISRAEL                2.25    5.12    6.60    8.06    7.94    9.30    9.21    9.72    9.55    9.85   11.73   12.59
JAPAN                 3.04   10.46   11.83   13.71   13.16   13.39   15.37   17.14   20.02   22.12   24.69   22.43
KOREA                  .43    1.82    2.06    2.58    3.32    4.19    5.04    5.51    6.00    6.55    7.53    7.94
TAIWAN                 .51    2.00    2.52    3.11    3.90    4.46    5.07    6.02    6.26    6.60    7.18    7.26
BELGIUM               7.51   14.00   17.31   17.96   17.70   21.88   22.09   24.79   24.02   25.44      ..      ..
DENMARK               7.81   14.05   18.73   19.56   18.22   22.25   20.80   25.46   24.27      ..      ..      ..
FINLAND (1)           4.72   11.97   14.92   17.27   18.11   22.57   21.96   20.41   16.98   19.18   23.50   23.70
FRANCE                5.76   13.23   15.90   16.91   16.54   20.41   20.66   22.66   21.89   22.98   25.92   25.86
GERMANY (1)           6.74   13.91   17.70   19.15   18.54   23.19   23.93   26.93   26.83   28.43   34.76   33.39
GREECE                1.98    4.25    4.86    5.47    5.74    7.05    7.40    8.00    7.71    8.36    9.84   10.25
IRELAND               3.39    9.68   11.38   12.53   12.20   14.30   14.27   15.75   14.53   15.00   16.26   16.63
ITALY                 5.84   12.54   15.59   16.66   17.23   21.61   22.30   23.31   19.20   19.32   19.16   21.24
NETHERLANDS           6.97   13.22   16.34   17.15   16.50   20.03   19.71   21.82   21.79   21.94      ..      ..
NORWAY                  ..   18.25   23.47   25.87   24.92   28.89   28.71   30.42   26.71   26.97   31.31   31.81
SPAIN                   ..      ..      ..      ..    9.38   11.57   12.34   13.22   12.03   12.06   13.34   13.17
SWEDEN (1)            8.18   14.03   16.93   18.67   19.26   23.43   24.37   27.63   19.55   20.59   23.28   26.32
SWITZERLAND           6.93   17.38   21.22   22.62   20.90   25.85   26.56   28.60   26.81      ..      ..      ..
UNITED KINGDOM        3.64   10.01   12.00   13.86   13.43   16.04   16.62   17.17   14.63   15.90   16.67   16.97
---------------------------------------------------------------------------------------------------------------------
(1) INDUSTRY NOTES:
HONG KONG: HONG KONG SPECIAL ADMINISTRATIVE REGION OF CHINA.
FINLAND: BREAKS IN SERIES AT 1994 AND 1995.
GERMANY: FORMER WEST GERMANY.
SWEDEN: BREAK IN SERIES AT 1994.


SOURCE: U.S. BUREAU OF LABOR STATISTICS, MAY 1999.
HOURLY COMPENSATION COSTS FOR PRODUCTION WORKERS IN NATIONAL CURRENCY
                                                                                                          PAGE  44
PRINTING AND PUBLISHING (US SIC 27)
1975 AND 1986-96
---------------------------------------------------------------------------------------------------------------------
COUNTRY OR AREA       1975    1986    1987    1988    1989    1990    1991    1992    1993    1994    1995    1996
---------------------------------------------------------------------------------------------------------------------
UNITED STATES         6.67   12.94   13.49   13.80   14.19   14.74   15.13   15.65   15.91   16.07   16.29   16.61
CANADA                  ..   14.60   14.91   15.56   16.16   16.98   18.52   19.96   20.18   19.15   19.34   19.77
MEXICO                  ..     563    1193    2390    3025    3815    4992    6557    7.19    7.89    8.60   10.15
HONG KONG SAR (1)     3.98   17.97   20.19   23.38   28.37   32.75   37.40   40.73   45.77   51.09   55.83   59.60
ISRAEL                1.44    7.62   10.53   12.88   15.22   18.74   20.99   23.91   27.03   29.65   35.33   41.41
JAPAN                  903    1762    1711    1757    1818    1941    2069    2174    2224    2261    2319    2440
KOREA                  210    1604    1696    1890    2229    2964    3694    4304    4814    5261    5810    6386
TAIWAN               19.37   75.66   80.31   88.97  103.09  119.95  135.71  151.43  165.34  174.57  190.24  199.50
BELGIUM             275.70  625.41  646.56  660.48  697.48  731.25  755.64  797.04  830.47  850.62      ..      ..
DENMARK              44.76  113.77  128.24  131.85  133.43  137.72  133.22  153.71  157.44      ..      ..      ..
FINLAND (1)          17.28   60.71   65.70   72.41   77.79   86.46   88.97   91.56   97.24  100.41  102.82  108.92
FRANCE               24.67   91.64   95.60  100.74  105.52  111.18  116.68  119.98  124.04  127.43  129.24  132.29
GERMANY (1)          16.54   30.18   31.83   33.65   34.88   37.49   39.74   42.06   44.41   46.12   49.78   50.25
GREECE                  64     595     658     776     932    1118    1350    1526    1768    2028    2281    2468
IRELAND               1.52    7.22    7.65    8.21    8.60    8.63    8.84    9.24    9.92   10.02   10.14   10.40
ITALY                 3809   18702   20219   21692   23643   25892   27672   28718   30204   31125   31212   32766
NETHERLANDS          17.59   32.36   33.10   33.93   35.02   36.49   36.89   38.39   40.48   39.91      ..      ..
NORWAY                  ..  135.05  158.23  168.80  172.25  180.65  186.37  189.05  189.60  190.24  198.37  205.48
SPAIN                   ..      ..      ..      ..    1111    1180    1283    1354    1534    1615    1662    1668
SWEDEN (1)           33.87   99.99  107.43  114.60  124.33  138.77  147.47  160.98  152.38  158.89  166.23  176.56
SWITZERLAND          17.90   31.25   31.65   33.11   34.22   35.94   38.14   40.21   39.63      ..      ..      ..
UNITED KINGDOM        1.64    6.82    7.32    7.78    8.20    8.99    9.40    9.72    9.74   10.38   10.56   10.87
---------------------------------------------------------------------------------------------------------------------
(1) INDUSTRY NOTES:
HONG KONG: HONG KONG SPECIAL ADMINISTRATIVE REGION OF CHINA.
FINLAND: BREAKS IN SERIES AT 1994 AND 1995.
GERMANY: FORMER WEST GERMANY.
SWEDEN: BREAK IN SERIES AT 1994.


SOURCE: U.S. BUREAU OF LABOR STATISTICS, MAY 1999.
HOURLY COMPENSATION COSTS FOR PRODUCTION WORKERS: INDEX U.S. = 100
                                                                                                          PAGE  45
CHEMICALS, PETROLEUM, & RUBBER & PLASTICS PRODUCTS (US SIC 28-30 & ISIC 35)
1975 AND 1986-96
---------------------------------------------------------------------------------------------------------------------
COUNTRY OR AREA       1975    1986    1987    1988    1989    1990    1991    1992    1993    1994    1995    1996
---------------------------------------------------------------------------------------------------------------------
UNITED STATES          100     100     100     100     100     100     100     100     100     100     100     100
CANADA                  ..      80      83      90      93      94      96      93      87      83      79      82
MEXICO                  ..      10       9      12      13      14      15      18      20      20      12      12
JAPAN                   54      77      89      99      96      95     103     110     127     140     153     130
KOREA                    5      10      12      17      23      25      28      30      33      37      42      44
TAIWAN                   6      12      16      19      23      26      28      32      32      33      36      36
AUSTRIA                 75      86     103     108     102     122     119     130     127     134     153     147
BELGIUM                108     100     120     125     119     143     142     153     150     162      ..      ..
DENMARK                 89      77     100     101      94     112     109     115     107      ..      ..      ..
FINLAND (1)             66      71      86      98     103     123     117     106      86     103     128     121
FRANCE (1)              71      74      86      89      84      99      95     101      97     100     111     108
GERMANY (1)             99      97     119     123     114     138     136      ..     142     149     172     166
IRELAND (1)             52      64      73      76      70      82      79      85      75      78      84      84
ITALY                   80      79      94      98      99     119     116     119      95      95      94     101
NETHERLANDS            108      95     114     116      ..      ..      ..      ..      ..      ..      ..      ..
NORWAY                  ..      96     117     122     118     134     132     135     118     118     136     137
SPAIN                   ..      ..      ..      ..      66      82      84      89      73      72      79      83
SWEDEN (1)             101      85     101     109     110     127     127     135      96     103     114     127
SWITZERLAND             96     105     127     130     116     141     141     147     142      ..      ..      ..
UNITED KINGDOM          52      56      64      73      70      82      84      86      72      73      76      74
---------------------------------------------------------------------------------------------------------------------
(1) INDUSTRY NOTES:
FINLAND: BREAKS IN SERIES AT 1994 AND 1995.
FRANCE: EXCLUDING PETROLEUM REFINING.
GERMANY: FORMER WEST GERMANY.
IRELAND: EXCLUDING PETROLEUM REFINING.
SWEDEN: BREAK IN SERIES AT 1994.


SOURCE: U.S. BUREAU OF LABOR STATISTICS, MAY 1999.
HOURLY COMPENSATION COSTS FOR PRODUCTION WORKERS IN U.S. DOLLARS
                                                                                                          PAGE  46
CHEMICALS, PETROLEUM, & RUBBER & PLASTICS PRODUCTS (US SIC 28-30 & ISIC 35)
1975 AND 1986-96
---------------------------------------------------------------------------------------------------------------------
COUNTRY OR AREA       1975    1986    1987    1988    1989    1990    1991    1992    1993    1994    1995    1996
---------------------------------------------------------------------------------------------------------------------
UNITED STATES         6.83   14.57   15.05   15.46   16.08   16.66   17.44   18.03   18.35   18.53   18.91   19.43
CANADA                  ..   11.66   12.54   13.95   15.03   15.71   16.75   16.74   15.95   15.39   14.94   15.84
MEXICO                  ..    1.42    1.41    1.82    2.03    2.29    2.66    3.18    3.58    3.67    2.31    2.38
JAPAN                 3.66   11.21   13.37   15.35   15.36   15.80   18.05   19.80   23.27   25.96   28.90   25.18
KOREA                  .37    1.45    1.82    2.59    3.66    4.11    4.89    5.44    6.11    6.82    7.88    8.54
TAIWAN                 .43    1.82    2.34    2.94    3.72    4.27    4.89    5.77    5.84    6.19    6.83    6.98
AUSTRIA               5.11   12.51   15.54   16.68   16.33   20.37   20.77   23.38   23.33   24.74   29.01   28.54
BELGIUM               7.39   14.58   18.06   19.37   19.14   23.80   24.80   27.66   27.49   30.05      ..      ..
DENMARK               6.11   11.25   15.11   15.59   15.14   18.71   18.98   20.78   19.64      ..      ..      ..
FINLAND (1)           4.50   10.30   13.00   15.22   16.53   20.56   20.48   19.05   15.73   19.00   24.21   23.51
FRANCE (1)            4.87   10.75   12.95   13.75   13.44   16.42   16.55   18.23   17.73   18.57   21.07   21.00
GERMANY (1)           6.73   14.14   17.85   19.02   18.33   22.95   23.66      ..   26.05   27.64   32.53   32.23
IRELAND (1)           3.57    9.38   11.02   11.78   11.28   13.66   13.81   15.35   13.77   14.48   15.81   16.24
ITALY                 5.47   11.47   14.20   15.22   15.85   19.79   20.29   21.40   17.49   17.66   17.76   19.60
NETHERLANDS           7.36   13.86   17.20   17.86      ..      ..      ..      ..      ..      ..      ..      ..
NORWAY                  ..   14.06   17.58   18.93   18.93   22.29   22.94   24.40   21.57   21.93   25.70   26.71
SPAIN                   ..      ..      ..      ..   10.61   13.59   14.64   16.09   13.45   13.37   14.90   16.14
SWEDEN (1)            6.92   12.37   15.16   16.84   17.62   21.19   22.18   24.27   17.60   19.08   21.61   24.69
SWITZERLAND           6.53   15.28   19.08   20.15   18.63   23.48   24.61   26.45   25.97      ..      ..      ..
UNITED KINGDOM        3.57    8.19    9.68   11.25   11.19   13.60   14.63   15.42   13.17   13.54   14.29   14.42
---------------------------------------------------------------------------------------------------------------------
(1) INDUSTRY NOTES:
FINLAND: BREAKS IN SERIES AT 1994 AND 1995.
FRANCE: EXCLUDING PETROLEUM REFINING.
GERMANY: FORMER WEST GERMANY.
IRELAND: EXCLUDING PETROLEUM REFINING.
SWEDEN: BREAK IN SERIES AT 1994.


SOURCE: U.S. BUREAU OF LABOR STATISTICS, MAY 1999.
HOURLY COMPENSATION COSTS FOR PRODUCTION WORKERS IN NATIONAL CURRENCY
                                                                                                          PAGE  47
CHEMICALS, PETROLEUM, & RUBBER & PLASTICS PRODUCTS (US SIC 28-30 & ISIC 35)
1975 AND 1986-96
---------------------------------------------------------------------------------------------------------------------
COUNTRY OR AREA       1975    1986    1987    1988    1989    1990    1991    1992    1993    1994    1995    1996
---------------------------------------------------------------------------------------------------------------------
UNITED STATES         6.83   14.57   15.05   15.46   16.08   16.66   17.44   18.03   18.35   18.53   18.91   19.43
CANADA                  ..   16.20   16.62   17.17   17.79   18.33   19.20   20.24   20.58   21.03   20.51   21.61
MEXICO                  ..     872    1947    4126    4993    6438    8013    9830   11.15   12.40   14.83   18.13
JAPAN                 1085    1887    1934    1968    2121    2291    2429    2511    2586    2653    2716    2740
KOREA                  181    1278    1493    1894    2455    2912    3585    4247    4903    5476    6079    6869
TAIWAN               16.21   68.75   74.54   84.09   98.34  114.94  130.75  145.13  154.22  163.92  180.90  191.75
AUSTRIA              88.95  190.83  196.61  206.22  216.27  230.83  242.83  256.90  271.61  282.30  292.41  302.25
BELGIUM             271.06  651.24  674.62  712.46  754.18  795.33  848.00  889.15  950.66 1004.58      ..      ..
DENMARK              35.06   91.06  103.49  105.07  110.83  115.79  121.54  125.45  127.41      ..      ..      ..
FINLAND (1)          16.50   52.23   57.24   63.80   71.01   78.74   82.98   85.47   90.08   99.46  105.96  108.04
FRANCE (1)           20.83   74.46   77.88   81.92   85.75   89.45   93.45   96.53  100.45  103.00  105.04  107.44
GERMANY (1)          16.52   30.68   32.09   33.41   34.48   37.10   39.29      ..   43.11   44.83   46.59   48.50
IRELAND (1)           1.60    6.99    7.40    7.72    7.96    8.24    8.56    9.01    9.40    9.68    9.86   10.15
ITALY                 3568   17094   18416   19819   21746   23714   25185   26361   27516   28450   28925   30249
NETHERLANDS          18.58   33.93   34.85   35.32      ..      ..      ..      ..      ..      ..      ..      ..
NORWAY                  ..  104.01  118.51  123.47  130.88  139.38  148.90  151.61  153.12  154.71  162.83  172.50
SPAIN                   ..      ..      ..      ..    1256    1386    1522    1648    1715    1790    1856    2045
SWEDEN (1)           28.68   88.17   96.23  103.32  113.74  125.50  134.21  141.39  137.23  147.20  154.34  165.64
SWITZERLAND          16.86   27.47   28.46   29.50   30.50   32.63   35.34   37.18   38.39      ..      ..      ..
UNITED KINGDOM        1.61    5.58    5.90    6.31    6.83    7.62    8.28    8.73    8.77    8.84    9.05    9.24
---------------------------------------------------------------------------------------------------------------------
(1) INDUSTRY NOTES:
FINLAND: BREAKS IN SERIES AT 1994 AND 1995.
FRANCE: EXCLUDING PETROLEUM REFINING.
GERMANY: FORMER WEST GERMANY.
IRELAND: EXCLUDING PETROLEUM REFINING.
SWEDEN: BREAK IN SERIES AT 1994.


SOURCE: U.S. BUREAU OF LABOR STATISTICS, MAY 1999.
HOURLY COMPENSATION COSTS FOR PRODUCTION WORKERS: INDEX U.S. = 100
                                                                                                          PAGE  48
CHEMICALS AND ALLIED PRODUCTS MANUFACTURING (US SIC 28)
1975 AND 1986-96
---------------------------------------------------------------------------------------------------------------------
COUNTRY OR AREA       1975    1986    1987    1988    1989    1990    1991    1992    1993    1994    1995    1996
---------------------------------------------------------------------------------------------------------------------
UNITED STATES          100     100     100     100     100     100     100     100     100     100     100     100
CANADA                  ..      71      75      81      85      88      94      89      84      79      74      74
MEXICO                  ..       9       9      12      13      14      16      18      20      20      12      13
AUSTRALIA (1)           --      --      --      --      --      --      --      --      --      --      --      --
ISRAEL (1)              --      --      --      --      --      --      --      --      --      --      --      --
JAPAN                   58      88     100     113     110     106     115     121     138     149     163     138
KOREA                    7      12      14      19      25      27      30      32      33      36      42      43
TAIWAN                   7      15      18      22      26      28      30      33      31      33      36      36
AUSTRIA (1)             --      --      --      --      --      --      --      --      --      --      --      --
BELGIUM                105      91     110     114     110     131     131     140     137     147      ..      ..
DENMARK                 89      69      89      90      83      99      96     101      93      ..      ..      ..
FRANCE (1)              72      71      81      82      78      91      88      93      89      91     101      96
GERMANY (1)             99      93     115     118     111     135     134      ..     141     147     169     161
GREECE                  24      26      29      32      33      40      38      39      36      38      43      42
IRELAND                 49      61      70      72      68      77      76      80      70      73      77      77
ITALY                   77      69      84      88      88     106     106     109      86      85      82      89
NETHERLANDS (1)        104      86     103     103      ..      ..      ..      ..      ..      ..      ..      ..
SPAIN                   ..      ..      ..      ..      57      71      73      77      62      61      66      71
SWEDEN (1)              99      77      91      97      99     114     115     120      86      93     103     114
SWITZERLAND (1)         --      --      --      --      --      --      --      --      --      --      --      --
UNITED KINGDOM          50      53      60      67      65      77      79      81      67      68      70      68
---------------------------------------------------------------------------------------------------------------------
(1) INDUSTRY NOTES:
AUSTRALIA: INCLUDING PETROLEUM & COAL PRODUCTS.
ISRAEL: INCLUDING PETROLEUM REFINING.
AUSTRIA: INCLUDING RUBBER & PLASTICS PRODUCTS.
FRANCE: EXCLUDING SYNTHETIC FIBERS.
GERMANY: FORMER WEST GERMANY.
NETHERLANDS: EXCLUDING SYNTHETIC FIBERS.
SWEDEN: INCLUDING PETROLEUM REFINING BEGINNING 1994.
SWITZERLAND: INCLUDING PETROLEUM REFINING.


SOURCE: U.S. BUREAU OF LABOR STATISTICS, MAY 1999.
HOURLY COMPENSATION COSTS FOR PRODUCTION WORKERS IN U.S. DOLLARS
                                                                                                          PAGE  49
CHEMICALS AND ALLIED PRODUCTS MANUFACTURING (US SIC 28)
1975 AND 1986-96
---------------------------------------------------------------------------------------------------------------------
COUNTRY OR AREA       1975    1986    1987    1988    1989    1990    1991    1992    1993    1994    1995    1996
---------------------------------------------------------------------------------------------------------------------
UNITED STATES         7.20   16.62   17.21   17.81   18.33   19.12   19.95   20.75   21.22   21.71   22.29   23.04
CANADA                  ..   11.77   12.89   14.43   15.62   16.86   18.72   18.44   17.88   17.07   16.57   17.05
MEXICO                  ..    1.54    1.56    2.05    2.34    2.60    3.10    3.72    4.24    4.42    2.75    2.90
AUSTRALIA (1)         6.65   10.31   10.99   14.54   14.99   15.52   16.13   15.50   14.93   16.64      ..      ..
ISRAEL (1)            2.92    5.73    7.02    8.44    8.55    9.61   10.25   10.93   10.85   11.46   13.61   13.75
JAPAN                 4.16   14.56   17.25   20.15   20.10   20.27   22.94   25.09   29.24   32.39   36.30   31.69
KOREA                  .50    2.01    2.39    3.35    4.61    5.12    6.02    6.55    6.91    7.80    9.29    9.91
TAIWAN                 .53    2.41    3.14    3.86    4.72    5.26    5.99    6.80    6.64    7.06    7.92    8.18
AUSTRIA (1)           4.92   11.69   14.67   15.76   15.37   18.96   19.26   21.71   21.54   22.91   26.90   26.58
BELGIUM               7.55   15.18   18.92   20.38   20.19   25.10   26.11   28.98   29.04   31.86      ..      ..
DENMARK               6.41   11.54   15.36   15.96   15.30   18.97   19.13   21.02   19.72      ..      ..      ..
FRANCE (1)            5.21   11.72   13.94   14.67   14.30   17.45   17.56   19.20   18.81   19.74   22.43   22.21
GERMANY (1)           7.16   15.49   19.75   21.07   20.41   25.88   26.69      ..   29.82   31.96   37.64   36.98
GREECE                1.76    4.25    5.00    5.76    6.01    7.57    7.52    8.12    7.70    8.27    9.51    9.77
IRELAND               3.52   10.20   12.01   12.85   12.38   14.79   15.11   16.55   14.92   15.81   17.19   17.84
ITALY                 5.52   11.48   14.40   15.59   16.15   20.35   21.10   22.59   18.20   18.35   18.37   20.53
NETHERLANDS (1)       7.47   14.32   17.75   18.42      ..      ..      ..      ..      ..      ..      ..      ..
SPAIN                   ..      ..      ..      ..   10.50   13.58   14.58   16.01   13.14   13.14   14.72   16.33
SWEDEN (1)            7.13   12.79   15.70   17.36   18.23   21.72   22.87   25.00   18.19   20.17   23.00   26.26
SWITZERLAND (1)       6.77   16.19   20.19   21.30   19.63   24.90   26.11   28.10   27.69      ..      ..      ..
UNITED KINGDOM        3.62    8.76   10.30   12.02   11.98   14.66   15.80   16.73   14.32   14.82   15.63   15.73
---------------------------------------------------------------------------------------------------------------------
(1) INDUSTRY NOTES:
AUSTRALIA: INCLUDING PETROLEUM & COAL PRODUCTS.
ISRAEL: INCLUDING PETROLEUM REFINING.
AUSTRIA: INCLUDING RUBBER & PLASTICS PRODUCTS.
FRANCE: EXCLUDING SYNTHETIC FIBERS.
GERMANY: FORMER WEST GERMANY.
NETHERLANDS: EXCLUDING SYNTHETIC FIBERS.
SWEDEN: INCLUDING PETROLEUM REFINING BEGINNING 1994.
SWITZERLAND: INCLUDING PETROLEUM REFINING.


SOURCE: U.S. BUREAU OF LABOR STATISTICS, MAY 1999.
HOURLY COMPENSATION COSTS FOR PRODUCTION WORKERS IN NATIONAL CURRENCY
                                                                                                          PAGE  50
CHEMICALS AND ALLIED PRODUCTS MANUFACTURING (US SIC 28)
1975 AND 1986-96
---------------------------------------------------------------------------------------------------------------------
COUNTRY OR AREA       1975    1986    1987    1988    1989    1990    1991    1992    1993    1994    1995    1996
---------------------------------------------------------------------------------------------------------------------
UNITED STATES         7.20   16.62   17.21   17.81   18.33   19.12   19.95   20.75   21.22   21.71   22.29   23.04
CANADA                  ..   16.36   17.09   17.76   18.50   19.67   21.45   22.29   23.07   23.32   22.75   23.25
MEXICO                  ..     943    2149    4664    5750    7308    9353   11519   13.22   14.93   17.65   22.01
AUSTRALIA (1)         5.08   15.36   15.66   18.53   18.93   19.89   20.71   21.07   21.96   22.75      ..      ..
ISRAEL (1)            1.87    8.52   11.20   13.49   16.39   19.37   23.37   26.88   30.71   34.50   40.98   45.20
JAPAN                 1235    2453    2494    2583    2776    2939    3088    3181    3249    3310    3411    3448
KOREA                  243    1769    1964    2450    3092    3624    4414    5116    5544    6266    7163    7976
TAIWAN               20.15   91.16   99.91  110.46  124.60  141.54  160.32  171.10  175.53  186.93  209.97  224.76
AUSTRIA (1)          85.52  178.39  185.60  194.76  203.46  214.86  225.20  238.54  250.77  261.40  271.13  281.46
BELGIUM             277.13  677.97  706.77  749.65  795.50  838.69  893.10  931.77 1004.10 1065.11      ..      ..
DENMARK              36.77   93.39  105.16  107.59  112.00  117.44  122.52  126.90  127.89      ..      ..      ..
FRANCE (1)           22.32   81.20   83.80   87.41   91.26   95.06   99.18  101.64  106.57  109.50  111.82  113.62
GERMANY (1)          17.58   33.62   35.51   37.02   38.40   41.85   44.33      ..   49.34   51.83   53.91   55.66
GREECE                  57     595     677     817     976    1200    1371    1548    1766    2007    2204    2352
IRELAND               1.59    7.60    8.07    8.42    8.73    8.92    9.36    9.71   10.19   10.56   10.72   11.15
ITALY                 3601   17121   18671   20294   22152   24380   26189   27836   28636   29557   29931   31672
NETHERLANDS (1)      18.85   35.06   35.96   36.44      ..      ..      ..      ..      ..      ..      ..      ..
SPAIN                   ..      ..      ..      ..    1243    1385    1516    1640    1676    1760    1835    2069
SWEDEN (1)           29.53   91.14   99.63  106.56  117.68  128.66  138.38  145.65  141.85  155.64  164.27  176.18
SWITZERLAND (1)      17.48   29.11   30.12   31.18   32.14   34.61   37.49   39.51   40.92      ..      ..      ..
UNITED KINGDOM        1.63    5.97    6.28    6.75    7.31    8.22    8.94    9.47    9.54    9.67    9.90   10.08
---------------------------------------------------------------------------------------------------------------------
(1) INDUSTRY NOTES:
AUSTRALIA: INCLUDING PETROLEUM & COAL PRODUCTS.
ISRAEL: INCLUDING PETROLEUM REFINING.
AUSTRIA: INCLUDING RUBBER & PLASTICS PRODUCTS.
FRANCE: EXCLUDING SYNTHETIC FIBERS.
GERMANY: FORMER WEST GERMANY.
NETHERLANDS: EXCLUDING SYNTHETIC FIBERS.
SWEDEN: INCLUDING PETROLEUM REFINING BEGINNING 1994.
SWITZERLAND: INCLUDING PETROLEUM REFINING.


SOURCE: U.S. BUREAU OF LABOR STATISTICS, MAY 1999.
HOURLY COMPENSATION COSTS FOR PRODUCTION WORKERS: INDEX U.S. = 100
                                                                                                          PAGE  51
PETROLEUM AND COAL PRODUCTS MANUFACTURING (US SIC 29)
1975 AND 1986-96
---------------------------------------------------------------------------------------------------------------------
COUNTRY OR AREA       1975    1986    1987    1988    1989    1990    1991    1992    1993    1994    1995    1996
---------------------------------------------------------------------------------------------------------------------
PETROLEUM AND COAL PRODUCTS MANUFACTURING (US SIC 29)
UNITED STATES          100     100     100     100     100     100     100     100     100     100     100     100
CANADA                  ..      91      97     107     113     107      81      72      80      74      71      72
JAPAN                   53      89     108     123     116     106     114     123     136     147     160     143
KOREA                    7      12      14      18      24      26      30      32      33      35      39      40
TAIWAN                   8      19      23      26      38      39      39      46      45      51      54      54
GREECE                  26      29      33      34      31      35      34      38      38      38      42      42
SWEDEN                  89      72      86      95      94     108     111     111      78      ..      ..      ..
PETROLEUM REFINING (US SIC 291)
UNITED STATES          100     100     100     100     100     100     100     100     100     100     100     100
AUSTRIA                 67      88     106     115     116     143     143     148     140     145     176     170
BELGIUM                109     105     122     124     118     144     142     158     145     155      ..      ..
DENMARK                 62      53      72      73      70      78      77      81      72      ..      ..      ..
GERMANY (1)             87      90     108     109     102     122     121     129     122     125     147     142
ITALY                   73      61      74      77      81      92      90      93      73      70      71      79
NETHERLANDS             97      83     101     100      93      ..      ..      ..      ..      ..      ..      ..
SPAIN                   ..      ..      ..      ..      76      87      89      95      79      76      83      91
UNITED KINGDOM          60      61      72      82      80      89      94      95      79      75      80      ..
---------------------------------------------------------------------------------------------------------------------
(1) INDUSTRY NOTES:
GERMANY: FORMER WEST GERMANY.


SOURCE: U.S. BUREAU OF LABOR STATISTICS, MAY 1999.
HOURLY COMPENSATION COSTS FOR PRODUCTION WORKERS IN U.S. DOLLARS
                                                                                                          PAGE  52
PETROLEUM AND COAL PRODUCTS MANUFACTURING (US SIC 29)
1975 AND 1986-96
---------------------------------------------------------------------------------------------------------------------
COUNTRY OR AREA       1975    1986    1987    1988    1989    1990    1991    1992    1993    1994    1995    1996
---------------------------------------------------------------------------------------------------------------------
PETROLEUM AND COAL PRODUCTS MANUFACTURING (US SIC 29)
UNITED STATES         8.94   19.55   20.18   20.72   21.48   22.96   24.32   25.45   26.63   27.50   27.94   27.72
CANADA                  ..   17.75   19.58   22.14   24.29   24.47   19.67   18.36   21.23   20.48   19.82   20.08
JAPAN                 4.75   17.44   21.78   25.42   24.97   24.30   27.69   31.30   36.32   40.34   44.82   39.61
KOREA                  .63    2.32    2.84    3.65    5.26    5.89    7.18    8.10    8.78    9.70   11.00   11.04
TAIWAN                 .68    3.77    4.66    5.41    8.20    8.94    9.52   11.73   12.04   14.02   15.17   15.09
GREECE                2.28    5.69    6.63    7.01    6.66    8.01    8.36    9.59   10.23   10.44   11.63   11.52
SWEDEN                7.98   13.98   17.43   19.70   20.24   24.89   26.95   28.27   20.64      ..      ..      ..
PETROLEUM REFINING (US SIC 291)
UNITED STATES         9.68   21.03   21.74   22.39   23.23   24.95   26.51   27.92   29.52   30.67   31.26   31.07
AUSTRIA               6.46   18.58   22.97   25.77   26.96   35.62   37.82   41.41   41.33   44.62   55.11   52.94
BELGIUM              10.53   22.06   26.47   27.66   27.44   35.84   37.58   44.10   42.71   47.43      ..      ..
DENMARK               5.98   11.25   15.55   16.41   16.19   19.54   20.32   22.55   21.27      ..      ..      ..
GERMANY (1)           8.46   18.94   23.41   24.50   23.77   30.56   31.98   36.08   35.87   38.38   45.85   44.17
ITALY                 7.08   12.86   16.07   17.35   18.80   22.94   23.97   25.90   21.54   21.34   22.12   24.61
NETHERLANDS           9.41   17.53   21.91   22.49   21.58      ..      ..      ..      ..      ..      ..      ..
SPAIN                   ..      ..      ..      ..   17.56   21.73   23.60   26.45   23.45   23.33   25.98   28.39
UNITED KINGDOM        5.77   12.85   15.64   18.31   18.50   22.15   24.83   26.66   23.33   23.00   25.00      ..
---------------------------------------------------------------------------------------------------------------------
(1) INDUSTRY NOTES:
GERMANY: FORMER WEST GERMANY.


SOURCE: U.S. BUREAU OF LABOR STATISTICS, MAY 1999.
HOURLY COMPENSATION COSTS FOR PRODUCTION WORKERS IN NATIONAL CURRENCY
                                                                                                          PAGE  53
PETROLEUM AND COAL PRODUCTS MANUFACTURING (US SIC 29)
1975 AND 1986-96
---------------------------------------------------------------------------------------------------------------------
COUNTRY OR AREA       1975    1986    1987    1988    1989    1990    1991    1992    1993    1994    1995    1996
---------------------------------------------------------------------------------------------------------------------
PETROLEUM AND COAL PRODUCTS MANUFACTURING (US SIC 29)
UNITED STATES         8.94   19.55   20.18   20.72   21.48   22.96   24.32   25.45   26.63   27.50   27.94   27.72
CANADA                  ..   24.68   25.96   27.25   28.75   28.56   22.54   22.19   27.39   27.97   27.21   27.39
JAPAN                 1409    2937    3150    3259    3449    3524    3728    3968    4035    4123    4211    4310
KOREA                  303    2044    2339    2672    3534    4169    5264    6325    7050    7794    8486    8884
TAIWAN               25.74  142.84  148.27  154.74  216.45  240.62  254.79  295.02  318.13  371.01  401.90  414.51
GREECE                  74     797     897     995    1082    1270    1525    1828    2346    2534    2695    2773
SWEDEN               33.04   99.63  110.65  120.88  130.68  147.40  163.10  164.68  160.90      ..      ..      ..
PETROLEUM REFINING (US SIC 291)
UNITED STATES         9.68   21.03   21.74   22.39   23.23   24.95   26.51   27.92   29.52   30.67   31.26   31.07
AUSTRIA             112.40  283.60  290.53  318.56  356.96  403.53  442.12  455.05  481.12  509.15  555.55  560.62
BELGIUM             386.38  985.03  988.99 1017.35 1081.22 1197.66 1285.17 1417.97 1477.07 1585.68      ..      ..
DENMARK              34.28   91.09  106.51  110.62  118.52  120.95  130.10  136.15  137.99      ..      ..      ..
GERMANY (1)          20.76   41.11   42.09   43.05   44.71   49.41   53.12   56.36   59.36   62.26   65.65   66.47
ITALY                 4621   19177   20842   22589   25788   27478   29748   31912   33888   34381   36032   37975
NETHERLANDS          23.74   42.92   44.39   44.48   45.80      ..      ..      ..      ..      ..      ..      ..
SPAIN                   ..      ..      ..      ..    2079    2216    2454    2708    2989    3124    3238    3596
UNITED KINGDOM        2.60    8.76    9.53   10.28   11.29   12.41   14.05   15.09   15.54   15.01   15.84      ..
---------------------------------------------------------------------------------------------------------------------
(1) INDUSTRY NOTES:
GERMANY: FORMER WEST GERMANY.


SOURCE: U.S. BUREAU OF LABOR STATISTICS, MAY 1999.
HOURLY COMPENSATION COSTS FOR PRODUCTION WORKERS: INDEX U.S. = 100
                                                                                                          PAGE  54
RUBBER AND PLASTICS PRODUCTS MANUFACTURING (US SIC 30)
1975 AND 1986-96
---------------------------------------------------------------------------------------------------------------------
COUNTRY OR AREA       1975    1986    1987    1988    1989    1990    1991    1992    1993    1994    1995    1996
---------------------------------------------------------------------------------------------------------------------
UNITED STATES          100     100     100     100     100     100     100     100     100     100     100     100
CANADA                  ..      85      88      95     100     101     107     104      96      94      90      94
MEXICO                  ..      10       8      10      11      12      14      15      17      17      10      10
ISRAEL                  35      39      50      58      56      59      57      58      54      60      68      69
JAPAN                   49      72      84      95      92      92     100     107     124     138     150     127
KOREA                    5      10      12      17      23      25      28      31      36      39      45      47
TAIWAN                   6      13      17      20      24      26      29      33      33      34      36      35
BELGIUM                110      98     117     123     116     137     137     149     142     151      ..      ..
DENMARK                100      92     121     120     114     136     132     139     130      ..      ..      ..
FRANCE                  75      82      96      99      94     111     108     116     110     114     127     124
GERMANY (1)            101     103     126     130     123     146     144     155     149     158     182     173
GREECE                  26      33      37      41      42      49      47      52      49      52      59      60
IRELAND                 62      67      76      80      74      89      84      93      80      82      89      86
ITALY                   88      94     111     116     116     138     134     134     109     110     109     115
NETHERLANDS            113      99     120     123     113     129     122     129     127     127      ..      ..
SPAIN (1)               ..      ..      ..      ..      73      88      91      97      82      82      88      92
SWEDEN (1)             112      97     116     127     129     150     149     157     111     122     134     148
SWITZERLAND            100     107     130     135     122     145     145     150     143      ..      ..      ..
UNITED KINGDOM          57      61      70      80      76      89      91      92      77      79      81      80
---------------------------------------------------------------------------------------------------------------------
(1) INDUSTRY NOTES:
GERMANY: FORMER WEST GERMANY.
SPAIN: EXCLUDING FOOTWEAR.
SWEDEN: BREAK IN SERIES AT 1994.


SOURCE: U.S. BUREAU OF LABOR STATISTICS, MAY 1999.
HOURLY COMPENSATION COSTS FOR PRODUCTION WORKERS IN U.S. DOLLARS
                                                                                                          PAGE  55
RUBBER AND PLASTICS PRODUCTS MANUFACTURING (US SIC 30)
1975 AND 1986-96
---------------------------------------------------------------------------------------------------------------------
COUNTRY OR AREA       1975    1986    1987    1988    1989    1990    1991    1992    1993    1994    1995    1996
---------------------------------------------------------------------------------------------------------------------
UNITED STATES         5.87   11.92   12.27   12.55   12.95   13.50   14.07   14.55   14.80   14.88   15.18   15.63
CANADA                  ..   10.08   10.84   11.98   12.94   13.68   15.00   15.08   14.18   13.93   13.60   14.68
MEXICO                  ..    1.16    1.04    1.22    1.38    1.58    1.90    2.24    2.50    2.50    1.58    1.61
ISRAEL                2.07    4.61    6.08    7.32    7.30    7.99    8.05    8.39    8.00    8.99   10.30   10.79
JAPAN                 2.90    8.63   10.34   11.89   11.90   12.40   14.14   15.52   18.35   20.51   22.76   19.91
KOREA                  .30    1.17    1.48    2.16    3.00    3.44    4.00    4.50    5.30    5.80    6.89    7.31
TAIWAN                 .35    1.58    2.04    2.53    3.11    3.52    4.14    4.84    4.94    5.03    5.41    5.48
BELGIUM               6.45   11.73   14.39   15.40   15.06   18.50   19.33   21.61   21.02   22.53      ..      ..
DENMARK               5.86   11.01   14.83   15.12   14.81   18.32   18.59   20.27   19.27      ..      ..      ..
FRANCE                4.39    9.79   11.80   12.44   12.22   15.00   15.18   16.93   16.31   17.00   19.30   19.33
GERMANY (1)           5.92   12.23   15.40   16.37   15.87   19.65   20.29   22.50   22.02   23.44   27.69   27.00
GREECE                1.51    3.93    4.53    5.12    5.40    6.60    6.64    7.54    7.20    7.69    8.98    9.32
IRELAND               3.65    8.03    9.38   10.02    9.58   11.95   11.87   13.47   11.81   12.19   13.51   13.46
ITALY                 5.15   11.18   13.64   14.50   15.08   18.64   18.84   19.54   16.17   16.37   16.49   18.01
NETHERLANDS           6.65   11.80   14.70   15.39   14.59   17.36   17.18   18.80   18.78   18.90      ..      ..
SPAIN (1)               ..      ..      ..      ..    9.40   11.89   12.84   14.11   12.15   12.13   13.41   14.33
SWEDEN (1)            6.58   11.60   14.28   15.94   16.75   20.24   20.96   22.88   16.41   18.12   20.33   23.15
SWITZERLAND           5.86   12.80   15.99   16.98   15.86   19.54   20.47   21.87   21.23      ..      ..      ..
UNITED KINGDOM        3.32    7.23    8.63   10.01    9.88   11.99   12.87   13.45   11.45   11.69   12.33   12.56
---------------------------------------------------------------------------------------------------------------------
(1) INDUSTRY NOTES:
GERMANY: FORMER WEST GERMANY.
SPAIN: EXCLUDING FOOTWEAR.
SWEDEN: BREAK IN SERIES AT 1994.


SOURCE: U.S. BUREAU OF LABOR STATISTICS, MAY 1999.
HOURLY COMPENSATION COSTS FOR PRODUCTION WORKERS IN NATIONAL CURRENCY
                                                                                                          PAGE  56
RUBBER AND PLASTICS PRODUCTS MANUFACTURING (US SIC 30)
1975 AND 1986-96
---------------------------------------------------------------------------------------------------------------------
COUNTRY OR AREA       1975    1986    1987    1988    1989    1990    1991    1992    1993    1994    1995    1996
---------------------------------------------------------------------------------------------------------------------
UNITED STATES         5.87   11.92   12.27   12.55   12.95   13.50   14.07   14.55   14.80   14.88   15.18   15.63
CANADA                  ..   14.01   14.37   14.74   15.32   15.96   17.19   18.24   18.29   19.03   18.67   20.03
MEXICO                  ..     710    1440    2778    3408    4438    5747    6925    7.80    8.43   10.14   12.23
ISRAEL                1.33    6.85    9.69   11.70   13.99   16.10   18.35   20.62   22.63   27.08   31.01   35.47
JAPAN                  861    1453    1495    1524    1644    1799    1904    1968    2039    2096    2138    2166
KOREA                  146    1027    1217    1583    2012    2434    2936    3511    4251    4662    5312    5884
TAIWAN               13.33   59.73   64.98   72.28   82.25   94.72  110.66  121.82  130.41  133.16  143.31  150.62
BELGIUM             236.77  524.04  537.54  566.55  593.35  618.14  660.94  694.92  726.76  753.07      ..      ..
DENMARK              33.58   89.09  101.57  101.95  108.39  113.43  119.07  122.39  124.98      ..      ..      ..
FRANCE               18.81   67.82   70.92   74.15   77.98   81.72   85.73   89.61   92.41   94.27   96.21   98.87
GERMANY (1)          14.53   26.53   27.70   28.76   29.85   31.77   33.70   35.14   36.45   38.02   39.65   40.63
GREECE                  49     550     614     727     877    1046    1211    1438    1651    1865    2082    2244
IRELAND               1.64    5.99    6.30    6.57    6.76    7.21    7.36    7.90    8.06    8.14    8.42    8.41
ITALY                 3362   16675   17694   18881   20687   22326   23377   24075   25434   26378   26863   27782
NETHERLANDS          16.77   28.88   29.77   30.44   30.96   31.64   32.16   33.07   34.90   34.39      ..      ..
SPAIN (1)               ..      ..      ..      ..    1113    1212    1335    1445    1550    1624    1671    1816
SWEDEN (1)           27.25   82.65   90.63   97.81  108.14  119.90  126.86  133.29  127.96  139.81  145.17  155.27
SWITZERLAND          15.11   23.01   23.85   24.86   25.97   27.17   29.39   30.75   31.38      ..      ..      ..
UNITED KINGDOM        1.50    4.93    5.26    5.62    6.03    6.72    7.28    7.61    7.63    7.63    7.81    8.05
---------------------------------------------------------------------------------------------------------------------
(1) INDUSTRY NOTES:
GERMANY: FORMER WEST GERMANY.
SPAIN: EXCLUDING FOOTWEAR.
SWEDEN: BREAK IN SERIES AT 1994.


SOURCE: U.S. BUREAU OF LABOR STATISTICS, MAY 1999.
HOURLY COMPENSATION COSTS FOR PRODUCTION WORKERS: INDEX U.S. = 100
                                                                                                          PAGE  57
RUBBER PRODUCTS MANUFACTURING (US SIC 301-6) (1)
1975 AND 1986-96
---------------------------------------------------------------------------------------------------------------------
COUNTRY OR AREA       1975    1986    1987    1988    1989    1990    1991    1992    1993    1994    1995    1996
---------------------------------------------------------------------------------------------------------------------
RUBBER PRODUCTS MANUFACTURING (US SIC 301-6) (1)
UNITED STATES (1)      100     100     100     100     100     100     100     100     100     100     100     100
CANADA                  ..      72      78      85      90      93     104     100      90      88      84      85
MEXICO                  ..      14      13      16      16      18      21      24      26      25      17      17
JAPAN (1)               47      65      79      87      85      84      92      97     110     123     137     116
KOREA                    4       8       9      15      19      21      24      26      ..      ..      ..      ..
TAIWAN                   6      12      16      19      22      24      25      27      27      28      30      29
BELGIUM                105      86     102     114     104     121     122     131     122     129      ..      ..
DENMARK                 88      76      97     103      94     111     110     114     105      ..      ..      ..
FRANCE                  71      70      83      89      85     101      98     106     100     103     116     113
GERMANY (1)             98      92     113     120     112     133     130     141     135     141     166     158
IRELAND                 63      63      69      76      69      86      79      88      73      74      84      81
ITALY                   86      83      99     106     107     126     122     122      98      99      99     106
UNITED KINGDOM          54      53      62      74      71      82      86      86      70      70      74      ..
TIRES AND INNER TUBES (US SIC 301)
UNITED STATES          100     100     100     100     100     100     100     100     100     100     100     100
TAIWAN                  ..      12      15      18      21      21      21      22      21      22      22      21
---------------------------------------------------------------------------------------------------------------------
(1) INDUSTRY NOTES: AS NOTED BELOW, THE U.S. INDUSTRY INCLUDES SOME PLASTICS
PRODUCTS; THIS IS GENERALLY NOT TRUE FOR THE OTHER COUNTRIES.
UNITED STATES: INCLUDING PLASTICS FOOTWEAR & HOSE & BELTING.
JAPAN: INCLUDING PLASTICS FOOTWEAR.
GERMANY: FORMER WEST GERMANY.


SOURCE: U.S. BUREAU OF LABOR STATISTICS, MAY 1999.
HOURLY COMPENSATION COSTS FOR PRODUCTION WORKERS IN U.S. DOLLARS
                                                                                                          PAGE  58
RUBBER PRODUCTS MANUFACTURING (US SIC 301-6) (1)
1975 AND 1986-96
---------------------------------------------------------------------------------------------------------------------
COUNTRY OR AREA       1975    1986    1987    1988    1989    1990    1991    1992    1993    1994    1995    1996
---------------------------------------------------------------------------------------------------------------------
RUBBER PRODUCTS MANUFACTURING (US SIC 301-6) (1)
UNITED STATES (1)     6.62   14.53   14.86   14.79   15.37   16.12   16.91   17.59   18.12   18.29   18.38   18.80
CANADA                  ..   10.52   11.56   12.54   13.80   15.01   17.53   17.58   16.29   16.02   15.42   16.03
MEXICO                  ..    2.07    1.91    2.32    2.51    2.93    3.55    4.21    4.63    4.62    3.11    3.18
JAPAN (1)             3.10    9.40   11.70   12.91   13.08   13.61   15.59   17.00   19.98   22.58   25.16   21.87
KOREA                  .29    1.09    1.41    2.17    2.97    3.42    3.99    4.49      ..      ..      ..      ..
TAIWAN                 .37    1.80    2.31    2.84    3.40    3.87    4.25    4.85    4.89    5.22    5.57    5.34
BELGIUM               6.97   12.53   15.22   16.82   16.06   19.49   20.65   23.10   22.12   23.64      ..      ..
DENMARK               5.83   11.01   14.48   15.24   14.40   17.95   18.58   20.07   18.96      ..      ..      ..
FRANCE                4.68   10.21   12.34   13.11   13.05   16.24   16.59   18.69   18.07   18.84   21.28   21.27
GERMANY (1)           6.46   13.32   16.81   17.79   17.25   21.43   22.05   24.80   24.43   25.80   30.48   29.67
IRELAND               4.16    9.18   10.23   11.25   10.65   13.88   13.41   15.47   13.19   13.62   15.47   15.31
ITALY                 5.71   12.12   14.76   15.68   16.38   20.34   20.66   21.53   17.82   18.04   18.17   19.84
UNITED KINGDOM        3.60    7.68    9.26   10.98   10.97   13.18   14.47   15.05   12.60   12.83   13.60      ..
TIRES AND INNER TUBES (US SIC 301)
UNITED STATES         8.03   19.67   20.04   20.29   21.63   22.82   24.62   25.38   26.55   27.41   27.11   27.53
TAIWAN                  ..    2.37    3.01    3.65    4.55    4.81    5.17    5.66    5.70    5.98    5.86    5.77
---------------------------------------------------------------------------------------------------------------------
(1) INDUSTRY NOTES: AS NOTED BELOW, THE U.S. INDUSTRY INCLUDES SOME PLASTICS
PRODUCTS; THIS IS GENERALLY NOT TRUE FOR THE OTHER COUNTRIES.
UNITED STATES: INCLUDING PLASTICS FOOTWEAR & HOSE & BELTING.
JAPAN: INCLUDING PLASTICS FOOTWEAR.
GERMANY: FORMER WEST GERMANY.


SOURCE: U.S. BUREAU OF LABOR STATISTICS, MAY 1999.
HOURLY COMPENSATION COSTS FOR PRODUCTION WORKERS IN NATIONAL CURRENCY
                                                                                                          PAGE  59
RUBBER PRODUCTS MANUFACTURING (US SIC 301-6) (1)
1975 AND 1986-96
---------------------------------------------------------------------------------------------------------------------
COUNTRY OR AREA       1975    1986    1987    1988    1989    1990    1991    1992    1993    1994    1995    1996
---------------------------------------------------------------------------------------------------------------------
RUBBER PRODUCTS MANUFACTURING (US SIC 301-6) (1)
UNITED STATES (1)     6.62   14.53   14.86   14.79   15.37   16.12   16.91   17.59   18.12   18.29   18.38   18.80
CANADA                  ..   14.62   15.33   15.44   16.33   17.52   20.09   21.26   21.02   21.88   21.17   21.87
MEXICO                  ..    1269    2626    5273    6182    8255   10702   13039   14.41   15.60   19.97   24.19
JAPAN (1)              919    1582    1692    1655    1806    1973    2099    2155    2220    2308    2364    2380
KOREA                  143     956    1157    1591    1992    2421    2924    3505      ..      ..      ..      ..
TAIWAN               14.20   67.98   73.50   81.15   88.88  103.09  112.62  120.82  127.99  136.85  146.29  151.26
BELGIUM             255.89  559.76  568.67  618.67  633.04  651.42  706.11  742.72  764.78  790.38      ..      ..
DENMARK              33.46   89.09   99.17  102.76  105.45  111.13  119.00  121.16  122.96      ..      ..      ..
FRANCE               20.06   70.69   74.19   78.12   83.28   88.48   93.67   98.94  102.40  104.46  106.08  108.80
GERMANY (1)          15.86   28.89   30.22   31.26   32.45   34.65   36.62   38.74   40.44   41.85   43.65   44.66
IRELAND               1.87    6.84    6.87    7.37    7.51    8.37    8.31    9.08    9.01    9.10    9.65    9.57
ITALY                 3728   18068   19149   20420   22469   24371   25635   26527   28025   29063   29598   30607
UNITED KINGDOM        1.62    5.23    5.65    6.16    6.69    7.39    8.19    8.52    8.39    8.38    8.61      ..
TIRES AND INNER TUBES (US SIC 301)
UNITED STATES         8.03   19.67   20.04   20.29   21.63   22.82   24.62   25.38   26.55   27.41   27.11   27.53
TAIWAN                  ..   89.87   95.99  104.39  120.20  129.59  138.32  142.33  150.61  158.25  155.38  158.47
---------------------------------------------------------------------------------------------------------------------
(1) INDUSTRY NOTES: AS NOTED BELOW, THE U.S. INDUSTRY INCLUDES SOME PLASTICS
PRODUCTS; THIS IS GENERALLY NOT TRUE FOR THE OTHER COUNTRIES.
UNITED STATES: INCLUDING PLASTICS FOOTWEAR & HOSE & BELTING.
JAPAN: INCLUDING PLASTICS FOOTWEAR.
GERMANY: FORMER WEST GERMANY.


SOURCE: U.S. BUREAU OF LABOR STATISTICS, MAY 1999.
HOURLY COMPENSATION COSTS FOR PRODUCTION WORKERS: INDEX U.S. = 100
                                                                                                          PAGE  60
PLASTICS PRODUCTS MANUFACTURING (US SIC 308+) (1)
1975 AND 1986-96
---------------------------------------------------------------------------------------------------------------------
COUNTRY OR AREA       1975    1986    1987    1988    1989    1990    1991    1992    1993    1994    1995    1996
---------------------------------------------------------------------------------------------------------------------
UNITED STATES (1)      100     100     100     100     100     100     100     100     100     100     100     100
CANADA                  ..      91      93     101     105     106     109     105      97      95      91      97
MEXICO                  ..       8       7       8       9      10      11      13      15      14       9       8
HONG KONG SAR (1)       12      15      16      18      20      22      26      27      30      30      31      32
JAPAN (1)               51      76      87      98      95      95     104     111     130     144     155     132
KOREA                    7      13      15      18      25      27      31      34      ..      ..      ..      ..
TAIWAN                   7      14      18      21      25      28      32      36      37      37      38      38
BELGIUM                118     106     125     127     122     145     145     157     151     162      ..      ..
DENMARK                112     102     133     130     125     148     143     152     142      ..      ..      ..
FRANCE                  79      88     102     103      97     113     109     118     111     116     128     124
GERMANY (1)            103     108     131     134     127     151     150     162     156     166     191     180
IRELAND                 57      70      81      82      77      90      87      95      83      86      92      89
ITALY                   87      99     116     119     120     142     138     139     113     114     112     118
NETHERLANDS            122     106     128     129     119     137     130     138     137     137      ..      ..
UNITED KINGDOM          59      65      74      82      78      92      93      95      81      ..      ..      ..
---------------------------------------------------------------------------------------------------------------------
(1) INDUSTRY NOTES: AS NOTED BELOW, THE U.S. INDUSTRY (MISCELLANEOUS PLASTICS
PRODUCTS SIC 308) EXCLUDES SOME PLASTICS PRODUCTS; THIS IS GENERALLY NOT
TRUE FOR THE OTHER COUNTRIES.
UNITED STATES: EXCLUDING PLASTICS FOOTWEAR & HOSE & BELTING.
HONG KONG: HONG KONG SPECIAL ADMINISTRATIVE REGION OF CHINA.
JAPAN: EXCLUDING PLASTICS FOOTWEAR.
GERMANY: FORMER WEST GERMANY.


SOURCE: U.S. BUREAU OF LABOR STATISTICS, MAY 1999.
HOURLY COMPENSATION COSTS FOR PRODUCTION WORKERS IN U.S. DOLLARS
                                                                                                          PAGE  61
PLASTICS PRODUCTS MANUFACTURING (US SIC 308+) (1)
1975 AND 1986-96
---------------------------------------------------------------------------------------------------------------------
COUNTRY OR AREA       1975    1986    1987    1988    1989    1990    1991    1992    1993    1994    1995    1996
---------------------------------------------------------------------------------------------------------------------
UNITED STATES (1)     5.23   10.80   11.19   11.63   11.97   12.47   12.99   13.36   13.58   13.67   14.02   14.51
CANADA                  ..    9.83   10.45   11.72   12.61   13.18   14.17   14.02   13.15   12.96   12.76   14.10
MEXICO                  ..     .83     .77     .90    1.06    1.20    1.46    1.72    1.98    1.98    1.20    1.19
HONG KONG SAR (1)      .63    1.63    1.81    2.10    2.35    2.80    3.33    3.65    4.09    4.11    4.35    4.70
JAPAN (1)             2.69    8.21    9.68   11.37   11.33   11.84   13.46   14.83   17.61   19.62   21.76   19.12
KOREA                  .35    1.35    1.65    2.10    3.00    3.39    4.07    4.49      ..      ..      ..      ..
TAIWAN                 .35    1.54    1.99    2.47    3.05    3.43    4.11    4.84    4.97    5.00    5.39    5.49
BELGIUM               6.19   11.40   14.04   14.77   14.63   18.09   18.85   21.03   20.57   22.16      ..      ..
DENMARK               5.86   11.02   14.91   15.17   14.93   18.42   18.61   20.33   19.32      ..      ..      ..
FRANCE                4.12    9.46   11.37   11.93   11.62   14.13   14.18   15.71   15.10   15.80   17.94   17.92
GERMANY (1)           5.40   11.65   14.68   15.64   15.17   18.80   19.46   21.71   21.23   22.67   26.79   26.15
IRELAND               2.98    7.58    9.07    9.58    9.21   11.26   11.26   12.72   11.30   11.69   12.83   12.86
ITALY                 4.55   10.64   13.00   13.85   14.37   17.73   17.90   18.53   15.33   15.53   15.64   17.08
NETHERLANDS           6.40   11.48   14.32   15.05   14.26   17.07   16.87   18.41   18.60   18.73      ..      ..
UNITED KINGDOM        3.11    7.04    8.32    9.57    9.36   11.44   12.11   12.71   11.03      ..      ..      ..
---------------------------------------------------------------------------------------------------------------------
(1) INDUSTRY NOTES: AS NOTED BELOW, THE U.S. INDUSTRY (MISCELLANEOUS PLASTICS
PRODUCTS SIC 308) EXCLUDES SOME PLASTICS PRODUCTS; THIS IS GENERALLY NOT
TRUE FOR THE OTHER COUNTRIES.
UNITED STATES: EXCLUDING PLASTICS FOOTWEAR & HOSE & BELTING.
HONG KONG: HONG KONG SPECIAL ADMINISTRATIVE REGION OF CHINA.
JAPAN: EXCLUDING PLASTICS FOOTWEAR.
GERMANY: FORMER WEST GERMANY.


SOURCE: U.S. BUREAU OF LABOR STATISTICS, MAY 1999.
HOURLY COMPENSATION COSTS FOR PRODUCTION WORKERS IN NATIONAL CURRENCY
                                                                                                          PAGE  62
PLASTICS PRODUCTS MANUFACTURING (US SIC 308+) (1)
1975 AND 1986-96
---------------------------------------------------------------------------------------------------------------------
COUNTRY OR AREA       1975    1986    1987    1988    1989    1990    1991    1992    1993    1994    1995    1996
---------------------------------------------------------------------------------------------------------------------
UNITED STATES (1)     5.23   10.80   11.19   11.63   11.97   12.47   12.99   13.36   13.58   13.67   14.02   14.51
CANADA                  ..   13.66   13.86   14.43   14.93   15.38   16.24   16.95   16.96   17.71   17.52   19.24
MEXICO                  ..     506    1062    2053    2615    3387    4392    5311    6.17    6.67    7.68    9.07
HONG KONG SAR (1)     3.10   12.75   14.15   16.39   18.35   21.84   25.91   28.21   31.66   31.79   33.69   36.32
JAPAN (1)              797    1383    1399    1458    1565    1717    1812    1881    1957    2005    2045    2080
KOREA                  170    1191    1356    1536    2015    2399    2983    3508      ..      ..      ..      ..
TAIWAN               13.23   58.09   63.31   70.63   80.56   92.39  109.87  121.89  131.24  132.43  142.80  150.85
BELGIUM             227.17  509.28  524.57  543.20  576.53  604.73  644.70  676.01  711.15  740.69      ..      ..
DENMARK              33.63   89.19  102.07  102.26  109.29  114.04  119.16  122.72  125.32      ..      ..      ..
FRANCE               17.62   65.53   68.33   71.07   74.14   76.97   80.05   83.15   85.55   87.60   89.46   91.69
GERMANY (1)          13.26   25.28   26.39   27.48   28.53   30.40   32.33   33.91   35.14   36.76   38.36   39.36
IRELAND               1.34    5.65    6.09    6.28    6.50    6.79    6.97    7.46    7.72    7.81    8.00    8.04
ITALY                 2969   15868   16866   18029   19711   21245   22208   22831   24120   25015   25476   26349
NETHERLANDS          16.15   28.10   29.02   29.78   30.27   31.10   31.58   32.38   34.56   34.07      ..      ..
UNITED KINGDOM        1.40    4.80    5.08    5.37    5.72    6.41    6.85    7.19    7.35      ..      ..      ..
---------------------------------------------------------------------------------------------------------------------
(1) INDUSTRY NOTES: AS NOTED BELOW, THE U.S. INDUSTRY (MISCELLANEOUS PLASTICS
PRODUCTS SIC 308) EXCLUDES SOME PLASTICS PRODUCTS; THIS IS GENERALLY NOT
TRUE FOR THE OTHER COUNTRIES.
UNITED STATES: EXCLUDING PLASTICS FOOTWEAR & HOSE & BELTING.
HONG KONG: HONG KONG SPECIAL ADMINISTRATIVE REGION OF CHINA.
JAPAN: EXCLUDING PLASTICS FOOTWEAR.
GERMANY: FORMER WEST GERMANY.


SOURCE: U.S. BUREAU OF LABOR STATISTICS, MAY 1999.
HOURLY COMPENSATION COSTS FOR PRODUCTION WORKERS: INDEX U.S. = 100
                                                                                                          PAGE  63
STONE, CLAY, AND GLASS PRODUCTS MANUFACTURING (US SIC 32 & ISIC 36)
1975 AND 1986-96
---------------------------------------------------------------------------------------------------------------------
COUNTRY OR AREA       1975    1986    1987    1988    1989    1990    1991    1992    1993    1994    1995    1996
---------------------------------------------------------------------------------------------------------------------
UNITED STATES          100     100     100     100     100     100     100     100     100     100     100     100
CANADA                  ..      86      91      98     105     106     112     110     102      95      95      95
MEXICO                  ..       8       7       8       9      10      11      13      15      15       9       9
ISRAEL                  40      35      42      51      49      52      49      49      48      51      55      55
JAPAN                   48      72      81      93      89      87      98     107     123     135     146     125
KOREA                    6      11      13      18      25      29      33      36      38      39      44      45
TAIWAN                   7      13      17      20      24      25      27      32      31      32      33      31
AUSTRIA                 73      83     100     104     101     122     120     131     127     132     152     145
BELGIUM                103      94     113     113     108     129     129     139     133     138      ..      ..
DENMARK                 99      85     109     110     104     123     120     128     117      ..      ..      ..
FINLAND (1)             72      76      92     104     110     133     126     114      91      99     125     120
FRANCE                  75      81      94      97      91     108     104     113     107     110     122     118
GERMANY (1)             95      92     113     117     109     132     132     144     138     145     168     158
GREECE                  28      34      38      40      41      50      48      52      49      51      58      59
IRELAND                 57      76      88      90      84      98      97     101      87      87      94      94
ITALY                   69      76      91      94      95     113     116     120      96      93      94     100
NETHERLANDS            103      89     108     109     100     116     113     124     121     119      ..      ..
NORWAY                  ..      98     121     127     123     139     134     139     117     120     136     136
SPAIN                   ..      ..      ..      ..      58      73      77      82      69      68      74      72
SWEDEN (1)             111      91     109     119     120     140     141     150     104     107     121     133
SWITZERLAND             96     102     124     127     114     138     138     144     138      ..      ..      ..
UNITED KINGDOM          49      53      60      70      67      79      83      83      69      71      77      77
---------------------------------------------------------------------------------------------------------------------
(1) INDUSTRY NOTES:
FINLAND: BREAKS IN SERIES AT 1994 AND 1995.
GERMANY: FORMER WEST GERMANY.
SWEDEN: BREAK IN SERIES AT 1994.


SOURCE: U.S. BUREAU OF LABOR STATISTICS, MAY 1999.
HOURLY COMPENSATION COSTS FOR PRODUCTION WORKERS IN U.S. DOLLARS
                                                                                                          PAGE  64
STONE, CLAY, AND GLASS PRODUCTS MANUFACTURING (US SIC 32 & ISIC 36)
1975 AND 1986-96
---------------------------------------------------------------------------------------------------------------------
COUNTRY OR AREA       1975    1986    1987    1988    1989    1990    1991    1992    1993    1994    1995    1996
---------------------------------------------------------------------------------------------------------------------
UNITED STATES         6.43   13.59   13.94   14.37   14.77   15.30   15.85   16.27   16.67   16.98   17.29   17.81
CANADA                  ..   11.74   12.70   14.10   15.47   16.22   17.79   17.90   17.02   16.05   16.49   16.94
MEXICO                  ..    1.08    1.02    1.19    1.39    1.54    1.79    2.12    2.46    2.52    1.58    1.59
ISRAEL                2.54    4.69    5.90    7.31    7.24    7.89    7.70    8.03    7.99    8.58    9.59    9.86
JAPAN                 3.07    9.75   11.24   13.36   13.08   13.26   15.52   17.39   20.45   22.87   25.19   22.21
KOREA                  .39    1.53    1.87    2.64    3.69    4.38    5.27    5.81    6.28    6.67    7.53    8.01
TAIWAN                 .44    1.79    2.32    2.92    3.50    3.90    4.24    5.16    5.21    5.42    5.63    5.54
AUSTRIA               4.71   11.28   13.92   14.99   14.87   18.63   19.00   21.31   21.14   22.38   26.24   25.83
BELGIUM               6.61   12.84   15.80   16.26   15.88   19.75   20.38   22.68   22.10   23.51      ..      ..
DENMARK               6.34   11.53   15.17   15.81   15.29   18.88   19.00   20.86   19.56      ..      ..      ..
FINLAND (1)           4.62   10.27   12.84   14.91   16.21   20.40   19.99   18.56   15.11   16.85   21.62   21.29
FRANCE                4.83   11.02   13.14   13.93   13.51   16.48   16.56   18.44   17.77   18.60   21.15   21.03
GERMANY (1)           6.13   12.46   15.72   16.76   16.15   20.17   20.85   23.35   23.04   24.57   29.00   28.12
GREECE                1.79    4.61    5.27    5.73    6.01    7.58    7.57    8.51    8.13    8.66   10.05   10.53
IRELAND               3.64   10.36   12.29   12.95   12.45   15.04   15.31   16.36   14.52   14.76   16.30   16.79
ITALY                 4.46   10.27   12.68   13.53   14.04   17.27   18.33   19.52   15.92   15.82   16.26   17.76
NETHERLANDS           6.61   12.14   15.05   15.62   14.83   17.80   17.98   20.12   20.12   20.26      ..      ..
NORWAY                  ..   13.26   16.82   18.29   18.20   21.32   21.27   22.60   19.45   20.33   23.57   24.24
SPAIN                   ..      ..      ..      ..    8.53   11.10   12.13   13.41   11.53   11.50   12.75   12.77
SWEDEN (1)            7.12   12.43   15.15   17.08   17.76   21.44   22.32   24.43   17.34   18.20   20.95   23.60
SWITZERLAND           6.17   13.92   17.33   18.25   16.91   21.05   21.86   23.39   23.06      ..      ..      ..
UNITED KINGDOM        3.18    7.20    8.42   10.07    9.88   12.10   13.14   13.51   11.57   12.11   13.26   13.67
---------------------------------------------------------------------------------------------------------------------
(1) INDUSTRY NOTES:
FINLAND: BREAKS IN SERIES AT 1994 AND 1995.
GERMANY: FORMER WEST GERMANY.
SWEDEN: BREAK IN SERIES AT 1994.


SOURCE: U.S. BUREAU OF LABOR STATISTICS, MAY 1999.
HOURLY COMPENSATION COSTS FOR PRODUCTION WORKERS IN NATIONAL CURRENCY
                                                                                                          PAGE  65
STONE, CLAY, AND GLASS PRODUCTS MANUFACTURING (US SIC 32 & ISIC 36)
1975 AND 1986-96
---------------------------------------------------------------------------------------------------------------------
COUNTRY OR AREA       1975    1986    1987    1988    1989    1990    1991    1992    1993    1994    1995    1996
---------------------------------------------------------------------------------------------------------------------
UNITED STATES         6.43   13.59   13.94   14.37   14.77   15.30   15.85   16.27   16.67   16.98   17.29   17.81
CANADA                  ..   16.32   16.84   17.36   18.31   18.93   20.38   21.64   21.96   21.92   22.65   23.11
MEXICO                  ..     659    1409    2709    3418    4322    5396    6558    7.65    8.51   10.15   12.05
ISRAEL                1.62    6.98    9.41   11.69   13.87   15.90   17.54   19.74   22.60   25.82   28.87   32.42
JAPAN                  910    1642    1625    1713    1807    1922    2089    2205    2272    2337    2367    2416
KOREA                  189    1347    1534    1933    2479    3098    3863    4538    5043    5359    5811    6446
TAIWAN               16.65   67.66   73.87   83.47   92.39  104.88  113.40  129.93  137.74  143.48  149.23  152.13
AUSTRIA              81.92  172.15  176.04  185.23  196.89  211.07  222.11  234.17  246.11  255.30  264.47  273.52
BELGIUM             242.59  573.56  590.31  598.02  625.93  660.13  696.83  729.19  764.25  785.98      ..      ..
DENMARK              36.35   93.30  103.90  106.60  111.95  116.86  121.66  125.96  126.86      ..      ..      ..
FINLAND (1)          16.91   52.11   56.54   62.52   69.65   78.14   81.00   83.28   86.51   88.17   94.63   97.82
FRANCE               20.68   76.31   79.00   83.00   86.17   89.78   93.49   97.63  100.69  103.15  105.44  107.59
GERMANY (1)          15.05   27.04   28.27   29.45   30.38   32.61   34.63   36.47   38.14   39.85   41.52   42.32
GREECE                  58     645     714     814     976    1202    1380    1622    1863    2100    2328    2535
IRELAND               1.64    7.73    8.26    8.49    8.78    9.07    9.49    9.60    9.92    9.86   10.16   10.49
ITALY                 2913   15317   16444   17619   19264   20686   22745   24044   25044   25491   26487   27402
NETHERLANDS          16.68   29.71   30.50   30.89   31.46   32.43   33.66   35.39   37.39   36.85      ..      ..
NORWAY                  ..   98.09  113.36  119.32  125.83  133.34  138.08  140.41  138.07  143.43  149.33  156.59
SPAIN                   ..      ..      ..      ..    1010    1132    1261    1373    1470    1540    1589    1617
SWEDEN (1)           29.51   88.62   96.16  104.84  114.63  126.97  135.05  142.34  135.18  140.39  149.59  158.31
SWITZERLAND          15.93   25.03   25.86   26.72   27.68   29.26   31.40   32.89   34.08      ..      ..      ..
UNITED KINGDOM        1.43    4.91    5.13    5.66    6.03    6.78    7.44    7.65    7.71    7.91    8.40    8.76
---------------------------------------------------------------------------------------------------------------------
(1) INDUSTRY NOTES:
FINLAND: BREAKS IN SERIES AT 1994 AND 1995.
GERMANY: FORMER WEST GERMANY.
SWEDEN: BREAK IN SERIES AT 1994.


SOURCE: U.S. BUREAU OF LABOR STATISTICS, MAY 1999.
HOURLY COMPENSATION COSTS FOR PRODUCTION WORKERS: INDEX U.S. = 100
                                                                                                          PAGE  66
GLASS AND GLASSWARE MANUFACTURING (US SIC 321-3)
1975 AND 1986-96
---------------------------------------------------------------------------------------------------------------------
COUNTRY OR AREA       1975    1986    1987    1988    1989    1990    1991    1992    1993    1994    1995    1996
---------------------------------------------------------------------------------------------------------------------
UNITED STATES          100     100     100     100     100     100     100     100     100     100     100     100
CANADA                  ..      78      82      91      95      96     101      96      87      81      81      81
MEXICO                  ..       8       7       9      10      11      12      14      16      16      10      10
JAPAN (1)               56      79      91     110     103      99     111     121     127     139     154     131
KOREA                    7      12      16      22      29      31      35      36      ..      ..      ..      ..
TAIWAN                   8      15      18      21      23      25      26      29      29      29      29      28
AUSTRIA                 69      79      95      99      94     113     113     123     119     121     140     133
BELGIUM                100      87     104     106     100     118     118     127     119     128      ..      ..
DENMARK                 91      72      95      98      92     110     106     116     104      ..      ..      ..
FRANCE                  80      78      91      95      90     106     102     109     101     103      ..      ..
GERMANY (1)             90      86     107     113     106     128     127     138     130     137     157     147
ITALY                   75      74      90      95      98     117     120     124      99      97      99     104
SPAIN                   ..      ..      ..      ..      59      75      79      85      69      67      74      ..
UNITED KINGDOM          50      51      60      71      68      81      86      83      69      69      77      ..
---------------------------------------------------------------------------------------------------------------------
(1) INDUSTRY NOTES:
JAPAN: BREAKS IN SERIES AT 1990 AND 1991.
GERMANY: FORMER WEST GERMANY.


SOURCE: U.S. BUREAU OF LABOR STATISTICS, MAY 1999.
HOURLY COMPENSATION COSTS FOR PRODUCTION WORKERS IN U.S. DOLLARS
                                                                                                          PAGE  67
GLASS AND GLASSWARE MANUFACTURING (US SIC 321-3)
1975 AND 1986-96
---------------------------------------------------------------------------------------------------------------------
COUNTRY OR AREA       1975    1986    1987    1988    1989    1990    1991    1992    1993    1994    1995    1996
---------------------------------------------------------------------------------------------------------------------
UNITED STATES         6.86   15.03   15.28   15.44   15.84   16.53   17.15   17.73   18.39   18.80   19.13   19.78
CANADA                  ..   11.67   12.52   14.01   15.04   15.92   17.38   16.97   16.08   15.17   15.42   16.11
MEXICO                  ..    1.21    1.13    1.42    1.61    1.76    2.06    2.44    2.98    2.99    1.93    2.00
JAPAN (1)             3.87   11.81   13.93   16.92   16.38   16.38   19.06   21.54   23.29   26.17   29.54   25.90
KOREA                  .46    1.74    2.37    3.45    4.61    5.13    5.97    6.33      ..      ..      ..      ..
TAIWAN                 .54    2.19    2.75    3.31    3.71    4.13    4.45    5.10    5.26    5.43    5.54    5.63
AUSTRIA               4.71   11.87   14.46   15.30   14.93   18.76   19.30   21.82   21.81   22.77   26.87   26.25
BELGIUM               6.88   13.10   15.85   16.40   15.86   19.45   20.19   22.59   21.92   24.12      ..      ..
DENMARK               6.27   10.84   14.59   15.16   14.63   18.16   18.11   20.51   19.21      ..      ..      ..
FRANCE                5.47   11.68   13.95   14.73   14.27   17.45   17.43   19.30   18.62   19.45      ..      ..
GERMANY (1)           6.15   12.96   16.41   17.48   16.78   21.22   21.72   24.50   23.91   25.71   30.12   29.01
ITALY                 5.12   11.07   13.69   14.74   15.60   19.34   20.62   21.97   18.21   18.27   18.98   20.63
SPAIN                   ..      ..      ..      ..    9.40   12.45   13.59   15.04   12.72   12.58   14.14      ..
UNITED KINGDOM        3.42    7.68    9.12   11.03   10.85   13.34   14.69   14.72   12.76   12.94   14.71      ..
---------------------------------------------------------------------------------------------------------------------
(1) INDUSTRY NOTES:
JAPAN: BREAKS IN SERIES AT 1990 AND 1991.
GERMANY: FORMER WEST GERMANY.


SOURCE: U.S. BUREAU OF LABOR STATISTICS, MAY 1999.
HOURLY COMPENSATION COSTS FOR PRODUCTION WORKERS IN NATIONAL CURRENCY
                                                                                                          PAGE  68
GLASS AND GLASSWARE MANUFACTURING (US SIC 321-3)
1975 AND 1986-96
---------------------------------------------------------------------------------------------------------------------
COUNTRY OR AREA       1975    1986    1987    1988    1989    1990    1991    1992    1993    1994    1995    1996
---------------------------------------------------------------------------------------------------------------------
UNITED STATES         6.86   15.03   15.28   15.44   15.84   16.53   17.15   17.73   18.39   18.80   19.13   19.78
CANADA                  ..   16.22   16.60   17.25   17.81   18.58   19.92   20.51   20.74   20.73   21.17   21.97
MEXICO                  ..     739    1562    3221    3968    4958    6220    7565    9.30   10.08   12.37   15.20
JAPAN (1)             1149    1989    2014    2169    2262    2375    2565    2732    2588    2674    2775    2818
KOREA                  225    1536    1950    2524    3097    3633    4380    4943      ..      ..      ..      ..
TAIWAN               20.40   82.80   87.40   94.63   98.09  111.10  118.96  128.26  138.91  143.66  146.73  154.55
AUSTRIA              81.89  181.13  182.94  189.15  197.71  212.50  225.62  239.76  253.91  259.84  270.84  277.94
BELGIUM             252.50  585.19  592.07  603.24  625.06  650.00  690.64  726.20  757.99  806.31      ..      ..
DENMARK              35.96   87.77   99.88  102.23  107.12  112.41  115.96  123.83  124.62      ..      ..      ..
FRANCE               23.44   80.93   83.85   87.80   91.07   95.03   98.44  102.19  105.55  107.87      ..      ..
GERMANY (1)          15.11   28.13   29.50   30.71   31.57   34.32   36.08   38.26   39.58   41.70   43.13   43.66
ITALY                 3341   16507   17758   19187   21403   23167   25586   27069   28652   29431   30910   31835
SPAIN                   ..      ..      ..      ..    1113    1270    1414    1540    1622    1685    1762      ..
UNITED KINGDOM        1.54    5.23    5.56    6.19    6.63    7.48    8.31    8.33    8.50    8.45    9.32      ..
---------------------------------------------------------------------------------------------------------------------
(1) INDUSTRY NOTES:
JAPAN: BREAKS IN SERIES AT 1990 AND 1991.
GERMANY: FORMER WEST GERMANY.


SOURCE: U.S. BUREAU OF LABOR STATISTICS, MAY 1999.
HOURLY COMPENSATION COSTS FOR PRODUCTION WORKERS: INDEX U.S. = 100
                                                                                                          PAGE  69
POTTERY AND RELATED PRODUCTS MANUFACTURING (US SIC 326)
1975 AND 1986-96
---------------------------------------------------------------------------------------------------------------------
COUNTRY OR AREA       1975    1986    1987    1988    1989    1990    1991    1992    1993    1994    1995    1996
---------------------------------------------------------------------------------------------------------------------
UNITED STATES          100     100     100     100     100     100     100     100     100     100     100     100
MEXICO                  ..       6       6       7       8       9      11      13      13      15      ..      ..
JAPAN (1)               46      76      86      92      89      87      99     106     125     135     150     132
KOREA                    5       8      10      13      17      20      25      27      ..      ..      ..      ..
TAIWAN                   6      12      15      19      23      24      26      31      30      32      35      33
AUSTRIA (1)             --      --      --      --      --      --      --      --      --      --      --      --
BELGIUM                111      95     116     113     108     130     130     142     138     141      ..      ..
DENMARK                119      93     123     123     115     138     137     148     137      ..      ..      ..
FRANCE                  77      82      96      96      93     111     111     124     118     120      ..      ..
GERMANY (1)            113      98     123     124     117     139     139     153     149     152     180     174
ITALY                   90      85     103     105     106     126     131     137     111     106     108     117
SPAIN                   ..      ..      ..      ..      64      79      84      92      75      72      82      ..
UNITED KINGDOM          53      52      62      68      63      78      84      85      73      75      82      ..
---------------------------------------------------------------------------------------------------------------------
(1) INDUSTRY NOTES:
JAPAN: BREAKS IN SERIES AT 1990 AND 1991.
AUSTRIA: INCLUDING STONE PRODUCTS.
GERMANY: FORMER WEST GERMANY.


SOURCE: U.S. BUREAU OF LABOR STATISTICS, MAY 1999.
HOURLY COMPENSATION COSTS FOR PRODUCTION WORKERS IN U.S. DOLLARS
                                                                                                          PAGE  70
POTTERY AND RELATED PRODUCTS MANUFACTURING (US SIC 326)
1975 AND 1986-96
---------------------------------------------------------------------------------------------------------------------
COUNTRY OR AREA       1975    1986    1987    1988    1989    1990    1991    1992    1993    1994    1995    1996
---------------------------------------------------------------------------------------------------------------------
UNITED STATES         5.35   12.13   12.26   12.88   13.16   13.63   13.94   14.24   14.38   14.87   14.97   15.11
MEXICO                  ..     .76     .79     .96    1.09    1.24    1.53    1.82    1.91    2.20      ..      ..
JAPAN (1)             2.46    9.17   10.56   11.89   11.73   11.84   13.76   15.13   17.92   20.08   22.42   19.96
KOREA                  .29     .97    1.23    1.69    2.24    2.78    3.48    3.88      ..      ..      ..      ..
TAIWAN                 .34    1.41    1.86    2.40    3.00    3.33    3.62    4.36    4.38    4.82    5.29    4.95
AUSTRIA (1)           4.71   11.17   13.90   15.00   14.90   18.59   18.94   21.23   20.90   22.23   26.00   25.66
BELGIUM               5.96   11.48   14.21   14.52   14.20   17.74   18.08   20.27   19.91   21.04      ..      ..
DENMARK               6.35   11.34   15.07   15.87   15.17   18.84   19.09   21.11   19.71      ..      ..      ..
FRANCE                4.13    9.89   11.73   12.39   12.23   15.14   15.50   17.59   16.93   17.87      ..      ..
GERMANY (1)           6.06   11.91   15.03   15.99   15.41   18.97   19.43   21.72   21.48   22.64   26.91   26.29
ITALY                 4.82   10.27   12.63   13.52   13.96   17.18   18.21   19.48   15.92   15.71   16.21   17.65
SPAIN                   ..      ..      ..      ..    8.41   10.80   11.74   13.10   10.78   10.77   12.26      ..
UNITED KINGDOM        2.84    6.26    7.55    8.76    8.35   10.58   11.66   12.10   10.44   11.09   12.26      ..
---------------------------------------------------------------------------------------------------------------------
(1) INDUSTRY NOTES:
JAPAN: BREAKS IN SERIES AT 1990 AND 1991.
AUSTRIA: INCLUDING STONE PRODUCTS.
GERMANY: FORMER WEST GERMANY.


SOURCE: U.S. BUREAU OF LABOR STATISTICS, MAY 1999.
HOURLY COMPENSATION COSTS FOR PRODUCTION WORKERS IN NATIONAL CURRENCY
                                                                                                          PAGE  71
POTTERY AND RELATED PRODUCTS MANUFACTURING (US SIC 326)
1975 AND 1986-96
---------------------------------------------------------------------------------------------------------------------
COUNTRY OR AREA       1975    1986    1987    1988    1989    1990    1991    1992    1993    1994    1995    1996
---------------------------------------------------------------------------------------------------------------------
UNITED STATES         5.35   12.13   12.26   12.88   13.16   13.63   13.94   14.24   14.38   14.87   14.97   15.11
MEXICO                  ..     466    1090    2176    2681    3479    4629    5619    5.96    7.43      ..      ..
JAPAN (1)              731    1545    1527    1525    1620    1717    1853    1919    1991    2052    2106    2172
KOREA                  140     853    1009    1235    1504    1969    2550    3032      ..      ..      ..      ..
TAIWAN               12.74   53.48   59.22   68.50   79.12   89.72   96.88  109.68  115.77  127.50  140.08  136.08
AUSTRIA (1)          81.95  170.38  175.81  185.44  197.29  210.68  221.41  233.33  243.25  253.60  262.07  271.72
BELGIUM             218.85  512.81  530.73  534.15  559.75  592.91  618.21  651.70  688.44  703.38      ..      ..
DENMARK              36.42   91.79  103.21  106.96  111.09  116.63  122.22  127.41  127.82      ..      ..      ..
FRANCE               17.69   68.52   70.51   73.84   78.02   82.47   87.53   93.14   95.95   99.08      ..      ..
GERMANY (1)          14.89   25.85   27.02   28.10   28.99   30.68   32.28   33.92   35.55   36.72   38.54   39.56
ITALY                 3147   15312   16387   17602   19148   20578   22594   24000   25040   25303   26409   27236
SPAIN                   ..      ..      ..      ..     996    1102    1221    1341    1375    1442    1528      ..
UNITED KINGDOM        1.28    4.27    4.60    4.92    5.10    5.93    6.60    6.85    6.95    7.24    7.77      ..
---------------------------------------------------------------------------------------------------------------------
(1) INDUSTRY NOTES:
JAPAN: BREAKS IN SERIES AT 1990 AND 1991.
AUSTRIA: INCLUDING STONE PRODUCTS.
GERMANY: FORMER WEST GERMANY.


SOURCE: U.S. BUREAU OF LABOR STATISTICS, MAY 1999.
HOURLY COMPENSATION COSTS FOR PRODUCTION WORKERS: INDEX U.S. = 100
                                                                                                          PAGE  72
PRIMARY METAL MANUFACTURING (US SIC 33 & ISIC 37)
1975 AND 1986-96
---------------------------------------------------------------------------------------------------------------------
COUNTRY OR AREA       1975    1986    1987    1988    1989    1990    1991    1992    1993    1994    1995    1996
---------------------------------------------------------------------------------------------------------------------
UNITED STATES          100     100     100     100     100     100     100     100     100     100     100     100
CANADA                  ..      82      88      96     105     107     110     107     101      94      93      96
MEXICO                  ..       9       9      10      13      13      13      16      16      17      10      10
AUSTRALIA               71      56      61      71      78      77      77      70      65      75      ..      ..
ISRAEL                  30      32      36      40      38      39      37      35      34      35      41      41
JAPAN                   51      76      88     100      99      97     103     110     124     132     140     121
KOREA                    6      11      14      18      26      28      34      34      35      36      40      45
TAIWAN                   7      13      17      22      28      29      32      33      32      33      34      33
AUSTRIA                 65      74      94      95      91     108     104     112     107     111     129     126
BELGIUM                 90      84     102     103     100     120     118     127     120     127      ..      ..
DENMARK                 75      60      78      79      74      88      85      90      83      ..      ..      ..
FINLAND                 58      71      88      91      97     123     124     102      85      96     124     122
FRANCE                  61      67      79      81      78      92      88      94      87      90     100      99
GERMANY (1)             80      83     103     106     103     121     118     128     122     127     151     147
GREECE                  30      37      40      44      47      56      54      56      51      52      60      62
IRELAND (1)             --      --      --      --      --      --      --      --      --      --      --      --
ITALY                   62      69      85      87      89     103     104     104      82      80      81      88
NETHERLANDS             89      77      97     100      93     109     107     114     109     107      ..      ..
NORWAY                  ..      79      96     104     101     116     112     115      97     100     113     118
SPAIN (1)               ..      ..      ..      ..      62      75      78      85      70      68      75      75
SWEDEN (1)              93      77      92      98     101     116     113     117      83      86      99     114
UNITED KINGDOM          42      47      56      63      61      70      72      72      60      61      64      ..
---------------------------------------------------------------------------------------------------------------------
(1) INDUSTRY NOTES:
GERMANY: FORMER WEST GERMANY.
IRELAND: EXCLUDING FOUNDRIES.
SPAIN: EXCLUDING FOUNDRIES.
SWEDEN: BREAK IN SERIES AT 1994.


SOURCE: U.S. BUREAU OF LABOR STATISTICS, MAY 1999.
HOURLY COMPENSATION COSTS FOR PRODUCTION WORKERS IN U.S. DOLLARS
                                                                                                          PAGE  73
PRIMARY METAL MANUFACTURING (US SIC 33 & ISIC 37)
1975 AND 1986-96
---------------------------------------------------------------------------------------------------------------------
COUNTRY OR AREA       1975    1986    1987    1988    1989    1990    1991    1992    1993    1994    1995    1996
---------------------------------------------------------------------------------------------------------------------
UNITED STATES         8.80   17.83   18.10   18.74   18.92   19.72   20.73   21.54   22.29   22.83   23.30   23.38
CANADA                  ..   14.57   15.94   17.95   19.78   21.09   22.84   23.05   22.59   21.35   21.62   22.43
MEXICO                  ..    1.61    1.60    1.89    2.45    2.63    2.76    3.44    3.66    3.79    2.31    2.35
AUSTRALIA             6.28   10.00   11.11   13.24   14.69   15.27   15.98   15.18   14.48   17.16      ..      ..
ISRAEL                2.65    5.75    6.44    7.56    7.20    7.71    7.76    7.63    7.69    7.99    9.45    9.52
JAPAN                 4.48   13.51   15.86   18.76   18.73   19.04   21.35   23.68   27.53   30.18   32.65   28.24
KOREA                  .49    1.95    2.46    3.40    4.90    5.52    7.03    7.39    7.88    8.22    9.43   10.61
TAIWAN                 .58    2.28    3.06    4.11    5.24    5.81    6.58    7.15    7.16    7.54    7.92    7.74
AUSTRIA               5.68   13.12   17.08   17.79   17.29   21.24   21.59   24.03   23.95   25.32   30.06   29.38
BELGIUM               7.93   15.05   18.44   19.28   18.83   23.71   24.48   27.35   26.83   28.95      ..      ..
DENMARK               6.64   10.68   14.13   14.78   14.05   17.36   17.66   19.37   18.58      ..      ..      ..
FINLAND               5.13   12.73   15.98   17.00   18.44   24.18   25.80   21.96   18.96   22.02   28.99   28.45
FRANCE                5.35   12.00   14.33   15.11   14.82   18.09   18.25   20.28   19.44   20.47   23.25   23.11
GERMANY (1)           7.01   14.71   18.57   19.93   19.53   23.80   24.47   27.48   27.23   29.08   35.11   34.41
GREECE                2.66    6.59    7.19    8.33    8.91   10.96   11.10   12.15   11.37   11.77   13.96   14.41
IRELAND (1)           3.36    9.19   10.80   11.52   11.34   14.03   14.56   16.12   14.99   14.59   15.31   16.12
ITALY                 5.49   12.25   15.30   16.38   16.78   20.34   21.52   22.44   18.26   18.29   18.94   20.69
NETHERLANDS           7.83   13.81   17.61   18.72   17.61   21.58   22.12   24.63   24.22   24.39      ..      ..
NORWAY                  ..   14.02   17.32   19.41   19.18   22.85   23.28   24.84   21.70   22.94   26.34   27.51
SPAIN (1)               ..      ..      ..      ..   11.79   14.80   16.24   18.26   15.62   15.54   17.36   17.53
SWEDEN (1)            8.16   13.72   16.62   18.42   19.20   22.79   23.42   25.25   18.42   19.63   23.06   26.64
UNITED KINGDOM        3.70    8.41   10.06   11.79   11.60   13.74   14.83   15.56   13.31   13.87   14.81      ..
---------------------------------------------------------------------------------------------------------------------
(1) INDUSTRY NOTES:
GERMANY: FORMER WEST GERMANY.
IRELAND: EXCLUDING FOUNDRIES.
SPAIN: EXCLUDING FOUNDRIES.
SWEDEN: BREAK IN SERIES AT 1994.


SOURCE: U.S. BUREAU OF LABOR STATISTICS, MAY 1999.
HOURLY COMPENSATION COSTS FOR PRODUCTION WORKERS IN NATIONAL CURRENCY
                                                                                                          PAGE  74
PRIMARY METAL MANUFACTURING (US SIC 33 & ISIC 37)
1975 AND 1986-96
---------------------------------------------------------------------------------------------------------------------
COUNTRY OR AREA       1975    1986    1987    1988    1989    1990    1991    1992    1993    1994    1995    1996
---------------------------------------------------------------------------------------------------------------------
UNITED STATES         8.80   17.83   18.10   18.74   18.92   19.72   20.73   21.54   22.29   22.83   23.30   23.38
CANADA                  ..   20.25   21.14   22.09   23.42   24.61   26.17   27.87   29.14   29.17   29.68   30.60
MEXICO                  ..     987    2201    4301    6028    7397    8322   10660   11.40   12.78   14.80   17.86
AUSTRALIA             4.80   14.90   15.84   16.88   18.56   19.56   20.52   20.64   21.30   23.46      ..      ..
ISRAEL                1.70    8.55   10.27   12.08   13.79   15.55   17.68   18.77   21.77   24.07   28.46   31.29
JAPAN                 1329    2276    2293    2405    2587    2761    2874    3002    3059    3084    3068    3073
KOREA                  238    1719    2028    2485    3292    3910    5156    5770    6324    6605    7276    8532
TAIWAN               22.17   86.12   97.53  117.65  138.45  156.46  176.09  180.01  189.20  199.69  209.77  212.50
AUSTRIA              98.83  200.29  216.01  219.89  228.93  240.70  252.38  264.06  278.83  288.90  302.97  311.16
BELGIUM             291.07  672.12  688.89  709.23  741.95  792.47  837.18  879.36  927.67  967.93      ..      ..
DENMARK              38.09   86.43   96.73   99.66  102.86  107.47  113.09  116.93  120.50      ..      ..      ..
FINLAND              18.79   64.58   70.39   71.26   79.24   92.60  104.54   98.55  108.52  115.23  126.88  130.74
FRANCE               22.89   83.13   86.17   90.04   94.57   98.53  103.07  107.34  110.15  113.53  115.93  118.23
GERMANY (1)          17.20   31.93   33.40   35.01   36.74   38.48   40.65   42.93   45.06   47.16   50.27   51.79
GREECE                  86     923     973    1182    1446    1738    2024    2316    2607    2856    3235    3468
IRELAND (1)           1.51    6.85    7.26    7.55    8.00    8.47    9.02    9.46   10.23    9.74    9.55   10.07
ITALY                 3581   18261   19843   21324   23020   24368   26712   27640   28727   29467   30845   31927
NETHERLANDS          19.75   33.80   35.68   37.03   37.37   39.33   41.42   43.32   45.00   44.37      ..      ..
NORWAY                  ..  103.71  116.78  126.64  132.58  142.90  151.14  154.36  154.06  161.86  166.86  177.72
SPAIN (1)               ..      ..      ..      ..    1396    1509    1689    1870    1992    2081    2164    2221
SWEDEN (1)           33.78   97.79  105.47  113.05  123.96  135.00  141.75  147.09  143.61  151.44  164.66  178.71
UNITED KINGDOM        1.67    5.73    6.14    6.62    7.08    7.70    8.39    8.81    8.86    9.06    9.38      ..
---------------------------------------------------------------------------------------------------------------------
(1) INDUSTRY NOTES:
GERMANY: FORMER WEST GERMANY.
IRELAND: EXCLUDING FOUNDRIES.
SPAIN: EXCLUDING FOUNDRIES.
SWEDEN: BREAK IN SERIES AT 1994.


SOURCE: U.S. BUREAU OF LABOR STATISTICS, MAY 1999.
HOURLY COMPENSATION COSTS FOR PRODUCTION WORKERS: INDEX U.S. = 100
                                                                                                          PAGE  75
IRON AND STEEL MANUFACTURING (US SIC 331)
1975 AND 1986-96
---------------------------------------------------------------------------------------------------------------------
COUNTRY OR AREA       1975    1986    1987    1988    1989    1990    1991    1992    1993    1994    1995    1996
---------------------------------------------------------------------------------------------------------------------
IRON AND STEEL MANUFACTURING (US SIC 331)
UNITED STATES          100     100     100     100     100     100     100     100     100     100     100     100
CANADA                  ..      70      75      79      85      87      90      86      79      73      69      72
JAPAN (1)               51      74      86      96      97      95      98     105     113     120     126     111
KOREA                   ..      10      12      16      24      26      31      31      ..      ..      ..      ..
AUSTRIA                 58      64      82      81      79      95      91      97      91      92     106     107
BELGIUM                 79      70      82      82      81      98      96     103      94      97      ..      ..
FRANCE                  56      58      68      69      68      81      77      81      73      73      ..      ..
GERMANY (1)             74      73      89      91      90     105     102     110     102     104     121     120
ITALY                   56      57      70      71      73      86      86      85      65      62      61      69
NETHERLANDS             80      67      83      83      79      95      92      98      89      86      ..      ..
SPAIN                   ..      ..      ..      ..      52      63      65      71      56      53      56      ..
UNITED KINGDOM          38      41      49      54      53      60      59      60      45      47      48      ..
IRON AND STEEL INCLUDING FOUNDRIES (US SIC 331-2)
UNITED STATES          100     100     100     100     100     100     100     100     100     100     100     100
CANADA                  ..      76      82      87      94      95      99      95      89      82      79      82
MEXICO                  ..       9       9      10      13      14      14      17      17      17      10      10
AUSTRALIA (1)           --      --      --      --      --      --      --      --      --      --      --      --
JAPAN                   50      73      83      94      95      93      98     106     116     123     128     111
KOREA                    5      10      13      17      25      27      33      33      ..      ..      ..      ..
TAIWAN                   6      12      15      20      26      28      30      31      30      30      30      30
SWEDEN                  87      71      83      89      93     105     103     105      73      ..      ..      ..
---------------------------------------------------------------------------------------------------------------------
(1) INDUSTRY NOTES:
JAPAN: BREAKS IN SERIES AT 1990 AND 1991.
GERMANY: FORMER WEST GERMANY.
AUSTRALIA: PRIMARY METALS.


SOURCE: U.S. BUREAU OF LABOR STATISTICS, MAY 1999.
HOURLY COMPENSATION COSTS FOR PRODUCTION WORKERS IN U.S. DOLLARS
                                                                                                          PAGE  76
IRON AND STEEL MANUFACTURING (US SIC 331)
1975 AND 1986-96
---------------------------------------------------------------------------------------------------------------------
COUNTRY OR AREA       1975    1986    1987    1988    1989    1990    1991    1992    1993    1994    1995    1996
---------------------------------------------------------------------------------------------------------------------
IRON AND STEEL MANUFACTURING (US SIC 331)
UNITED STATES        10.26   21.86   22.53   23.72   23.60   24.28   25.76   26.98   28.92   30.25   31.52   30.71
CANADA                  ..   15.38   16.98   18.63   20.08   21.22   23.27   23.25   22.83   21.95   21.83   22.15
JAPAN (1)             5.21   16.20   19.41   22.80   22.84   23.11   25.31   28.46   32.56   36.16   39.76   34.16
KOREA                   ..    2.17    2.71    3.89    5.55    6.30    8.09    8.38      ..      ..      ..      ..
AUSTRIA               5.92   14.04   18.50   19.21   18.64   23.00   23.36   26.12   26.30   27.84   33.26   32.76
BELGIUM               8.06   15.34   18.56   19.48   19.06   23.91   24.76   27.69   27.12   29.30      ..      ..
FRANCE                5.74   12.74   15.30   16.31   16.07   19.59   19.78   21.96   21.01   22.11      ..      ..
GERMANY (1)           7.55   15.90   20.14   21.58   21.17   25.61   26.35   29.61   29.44   31.43   38.21   36.95
ITALY                 5.75   12.55   15.72   16.84   17.23   20.85   22.03   22.94   18.66   18.68   19.36   21.18
NETHERLANDS           8.24   14.56   18.66   19.76   18.69   23.07   23.69   26.31   25.84   26.01      ..      ..
SPAIN                   ..      ..      ..      ..   12.22   15.26   16.86   19.07   16.23   16.09   17.65      ..
UNITED KINGDOM        3.88    9.02   10.97   12.87   12.62   14.48   15.29   16.11   13.15   14.30   15.22      ..
IRON AND STEEL INCLUDING FOUNDRIES (US SIC 331-2)
UNITED STATES         9.42   19.70   20.16   20.99   20.99   21.84   23.08   24.04   25.31   26.28   27.03   26.75
CANADA                  ..   14.99   16.49   18.20   19.70   20.83   22.89   22.92   22.45   21.48   21.36   22.06
MEXICO                  ..    1.72    1.73    2.00    2.71    3.00    3.12    4.01    4.34    4.52    2.69    2.73
AUSTRALIA (1)         6.28   10.00   11.11   13.24   14.69   15.27   15.98   15.18   14.48   17.16      ..      ..
JAPAN                 4.71   14.35   16.81   19.80   20.00   20.21   22.65   25.57   29.45   32.26   34.53   29.56
KOREA                  .49    2.04    2.59    3.63    5.21    5.92    7.59    7.87      ..      ..      ..      ..
TAIWAN                 .58    2.29    3.10    4.21    5.42    6.08    6.92    7.43    7.51    7.87    8.24    8.04
SWEDEN                8.21   13.90   16.82   18.68   19.58   23.04   23.80   25.34   18.58      ..      ..      ..
---------------------------------------------------------------------------------------------------------------------
(1) INDUSTRY NOTES:
JAPAN: BREAKS IN SERIES AT 1990 AND 1991.
GERMANY: FORMER WEST GERMANY.
AUSTRALIA: PRIMARY METALS.


SOURCE: U.S. BUREAU OF LABOR STATISTICS, MAY 1999.
HOURLY COMPENSATION COSTS FOR PRODUCTION WORKERS IN NATIONAL CURRENCY
                                                                                                          PAGE  77
IRON AND STEEL MANUFACTURING (US SIC 331)
1975 AND 1986-96
---------------------------------------------------------------------------------------------------------------------
COUNTRY OR AREA       1975    1986    1987    1988    1989    1990    1991    1992    1993    1994    1995    1996
---------------------------------------------------------------------------------------------------------------------
IRON AND STEEL MANUFACTURING (US SIC 331)
UNITED STATES        10.26   21.86   22.53   23.72   23.60   24.28   25.76   26.98   28.92   30.25   31.52   30.71
CANADA                  ..   21.37   22.51   22.93   23.78   24.77   26.66   28.11   29.45   29.98   29.98   30.21
JAPAN (1)             1546    2728    2806    2924    3154    3351    3407    3609    3617    3696    3736    3716
KOREA                   ..    1911    2230    2844    3725    4457    5930    6541      ..      ..      ..      ..
AUSTRIA             103.00  214.26  234.04  237.39  246.75  260.64  273.04  287.06  306.12  317.69  335.26  346.93
BELGIUM             295.68  685.00  693.44  716.32  751.01  799.07  846.75  890.18  937.96  979.66      ..      ..
FRANCE               24.58   88.22   91.99   97.21  102.50  106.72  111.71  116.25  119.06  122.64      ..      ..
GERMANY (1)          18.53   34.50   36.22   37.92   39.83   41.41   43.77   46.25   48.73   50.98   54.72   55.60
ITALY                 3753   18709   20384   21924   23633   24976   27340   28262   29346   30093   31538   32681
NETHERLANDS          20.79   35.65   37.80   39.09   39.65   42.03   44.35   46.29   48.01   47.32      ..      ..
SPAIN                   ..      ..      ..      ..    1447    1557    1754    1952    2069    2154    2199      ..
UNITED KINGDOM        1.74    6.14    6.69    7.23    7.70    8.12    8.65    9.12    8.76    9.33    9.64      ..
IRON AND STEEL INCLUDING FOUNDRIES (US SIC 331-2)
UNITED STATES         9.42   19.70   20.16   20.99   20.99   21.84   23.08   24.04   25.31   26.28   27.03   26.75
CANADA                  ..   20.84   21.87   22.41   23.33   24.31   26.23   27.71   28.96   29.34   29.32   30.09
MEXICO                  ..    1054    2382    4541    6660    8427    9428   12403   13.51   15.24   17.27   20.79
AUSTRALIA (1)         4.80   14.90   15.84   16.88   18.56   19.56   20.52   20.64   21.30   23.46      ..      ..
JAPAN                 1397    2417    2431    2538    2761    2930    3049    3242    3271    3297    3244    3216
KOREA                  238    1801    2133    2652    3499    4188    5570    6146      ..      ..      ..      ..
TAIWAN               21.95   86.81   98.76  120.51  143.12  163.65  185.16  186.99  198.40  208.26  218.45  220.76
SWEDEN               34.02   99.07  106.74  114.65  126.40  136.49  144.04  147.64  144.89      ..      ..      ..
---------------------------------------------------------------------------------------------------------------------
(1) INDUSTRY NOTES:
JAPAN: BREAKS IN SERIES AT 1990 AND 1991.
GERMANY: FORMER WEST GERMANY.
AUSTRALIA: PRIMARY METALS.


SOURCE: U.S. BUREAU OF LABOR STATISTICS, MAY 1999.
HOURLY COMPENSATION COSTS FOR PRODUCTION WORKERS: INDEX U.S. = 100
                                                                                                          PAGE  78
NONFERROUS METALS MANUFACTURING (US SIC 333-5)
1975 AND 1986-96
---------------------------------------------------------------------------------------------------------------------
COUNTRY OR AREA       1975    1986    1987    1988    1989    1990    1991    1992    1993    1994    1995    1996
---------------------------------------------------------------------------------------------------------------------
NONFERROUS METALS MANUFACTURING (US SIC 333-5)
UNITED STATES (1)      100     100     100     100     100     100     100     100     100     100     100     100
BELGIUM                 99      90     111     114     107     131     128     139     135     143      ..      ..
DENMARK                 ..      69      94      93      84      98      95     100      92      ..      ..      ..
FRANCE                  65      71      84      86      82      96      92     100      95      99      ..      ..
GERMANY (1)             83      84     106     112     107     128     127     141     138     146     174     167
ITALY                   64      69      87      92      92     107     108     110      88      87      90      95
NETHERLANDS             91      80     100     105      95     108     105     114     112     112      ..      ..
SPAIN                   ..      ..      ..      ..      62      75      78      84      72      72      83      ..
UNITED KINGDOM          46      49      57      65      62      74      77      78      66      67      72      ..
NONFERROUS METALS INCLUDING FOUNDRIES (US SIC 333-6)
UNITED STATES (1)      100     100     100     100     100     100     100     100     100     100     100     100
CANADA                  ..      89      96     110     121     125     127     125     121     112     115     116
MEXICO                  ..       7       7       9      10      10      11      14      15      15       9       9
JAPAN                   52      74      88     104      98      97     104     107     127     139     153     131
KOREA                    7      11      14      18      26      28      30      32      ..      ..      ..      ..
TAIWAN                   8      14      18      23      28      28      29      32      31      33      35      34
SWEDEN                 105      85     103     110     110     128     123     133      95      ..      ..      ..
---------------------------------------------------------------------------------------------------------------------
(1) INDUSTRY NOTES:
UNITED STATES: EXCLUDING SECONDARY SMELTING & REFINING (US SIC 334).
GERMANY: FORMER WEST GERMANY.


SOURCE: U.S. BUREAU OF LABOR STATISTICS, MAY 1999.
HOURLY COMPENSATION COSTS FOR PRODUCTION WORKERS IN U.S. DOLLARS
                                                                                                          PAGE  79
NONFERROUS METALS MANUFACTURING (US SIC 333-5)
1975 AND 1986-96
---------------------------------------------------------------------------------------------------------------------
COUNTRY OR AREA       1975    1986    1987    1988    1989    1990    1991    1992    1993    1994    1995    1996
---------------------------------------------------------------------------------------------------------------------
NONFERROUS METALS MANUFACTURING (US SIC 333-5)
UNITED STATES (1)     8.00   16.65   16.71   17.11   17.57   18.33   19.21   19.75   19.99   20.19   20.37   21.01
BELGIUM               7.95   15.01   18.62   19.44   18.87   24.00   24.60   27.48   27.04   28.97      ..      ..
DENMARK                 ..   11.53   15.64   15.92   14.69   17.97   18.32   19.82   18.46      ..      ..      ..
FRANCE                5.18   11.83   14.05   14.66   14.36   17.55   17.66   19.66   18.96   20.02      ..      ..
GERMANY (1)           6.65   13.99   17.75   19.09   18.78   23.51   24.44   27.79   27.57   29.50   35.44   35.18
ITALY                 5.14   11.56   14.57   15.74   16.17   19.59   20.76   21.64   17.60   17.63   18.26   19.94
NETHERLANDS           7.29   13.31   16.74   18.02   16.68   19.82   20.11   22.59   22.41   22.56      ..      ..
SPAIN                   ..      ..      ..      ..   10.94   13.83   14.97   16.61   14.37   14.44   17.00      ..
UNITED KINGDOM        3.70    8.17    9.58   11.13   10.93   13.62   14.87   15.42   13.24   13.61   14.58      ..
NONFERROUS METALS INCLUDING FOUNDRIES (US SIC 333-6)
UNITED STATES (1)     7.44   15.63   15.68   15.99   16.42   17.17   17.99   18.66   18.83   18.95   19.04   19.68
CANADA                  ..   13.86   15.00   17.51   19.92   21.46   22.76   23.24   22.78   21.18   21.98   22.91
MEXICO                  ..    1.16    1.10    1.46    1.67    1.76    2.04    2.57    2.78    2.81    1.75    1.82
JAPAN                 3.87   11.63   13.78   16.55   16.12   16.62   18.69   20.04   23.87   26.34   29.22   25.81
KOREA                  .51    1.68    2.19    2.90    4.32    4.83    5.44    5.94      ..      ..      ..      ..
TAIWAN                 .62    2.18    2.90    3.69    4.52    4.79    5.30    6.06    5.79    6.32    6.69    6.65
SWEDEN                7.82   13.22   16.10   17.61   18.13   21.92   22.19   24.87   17.92      ..      ..      ..
---------------------------------------------------------------------------------------------------------------------
(1) INDUSTRY NOTES:
UNITED STATES: EXCLUDING SECONDARY SMELTING & REFINING (US SIC 334).
GERMANY: FORMER WEST GERMANY.


SOURCE: U.S. BUREAU OF LABOR STATISTICS, MAY 1999.
HOURLY COMPENSATION COSTS FOR PRODUCTION WORKERS IN NATIONAL CURRENCY
                                                                                                          PAGE  80
NONFERROUS METALS MANUFACTURING (US SIC 333-5)
1975 AND 1986-96
---------------------------------------------------------------------------------------------------------------------
COUNTRY OR AREA       1975    1986    1987    1988    1989    1990    1991    1992    1993    1994    1995    1996
---------------------------------------------------------------------------------------------------------------------
NONFERROUS METALS MANUFACTURING (US SIC 333-5)
UNITED STATES (1)     8.00   16.65   16.71   17.11   17.57   18.33   19.21   19.75   19.99   20.19   20.37   21.01
BELGIUM             291.66  670.48  695.71  715.11  743.63  801.93  841.48  883.58  934.95  968.35      ..      ..
DENMARK                 ..   93.33  107.10  107.34  107.55  111.25  117.34  119.64  119.74      ..      ..      ..
FRANCE               22.17   81.93   84.46   87.37   91.63   95.61   99.72  104.10  107.46  111.01      ..      ..
GERMANY (1)          16.34   30.36   31.92   33.53   35.33   38.02   40.59   43.41   45.62   47.85   50.74   52.94
ITALY                 3353   17230   18899   20494   22188   23473   25768   26661   27683   28403   29752   30770
NETHERLANDS          18.39   32.59   33.91   35.64   35.39   36.10   37.64   39.74   41.63   41.04      ..      ..
SPAIN                   ..      ..      ..      ..    1295    1411    1557    1701    1832    1933    2119      ..
UNITED KINGDOM        1.67    5.56    5.84    6.25    6.67    7.63    8.42    8.73    8.82    8.88    9.23      ..
NONFERROUS METALS INCLUDING FOUNDRIES (US SIC 333-6)
UNITED STATES (1)     7.44   15.63   15.68   15.99   16.42   17.17   17.99   18.66   18.83   18.95   19.04   19.68
CANADA                  ..   19.26   19.89   21.56   23.59   25.04   26.09   28.10   29.38   28.94   30.18   31.25
MEXICO                  ..     711    1512    3326    4107    4956    6160    7951    8.67    9.47   11.26   13.82
JAPAN                 1147    1959    1993    2121    2226    2410    2515    2541    2652    2692    2746    2808
KOREA                  248    1485    1803    2122    2902    3418    3991    4635      ..      ..      ..      ..
TAIWAN               23.57   82.54   92.22  105.45  119.34  128.95  141.77  152.43  152.92  167.16  177.17  182.65
SWEDEN               32.39   94.22  102.16  108.08  117.06  129.85  134.28  144.92  139.67      ..      ..      ..
---------------------------------------------------------------------------------------------------------------------
(1) INDUSTRY NOTES:
UNITED STATES: EXCLUDING SECONDARY SMELTING & REFINING (US SIC 334).
GERMANY: FORMER WEST GERMANY.


SOURCE: U.S. BUREAU OF LABOR STATISTICS, MAY 1999.
HOURLY COMPENSATION COSTS FOR PRODUCTION WORKERS: INDEX U.S. = 100
                                                                                                          PAGE  81
FABRICATED METAL PRODUCTS, MACHINERY, & EQUIP. (US SIC 34-38 & ISIC 38) (1)
1975 AND 1986-96
---------------------------------------------------------------------------------------------------------------------
COUNTRY OR AREA       1975    1986    1987    1988    1989    1990    1991    1992    1993    1994    1995    1996
---------------------------------------------------------------------------------------------------------------------
UNITED STATES          100     100     100     100     100     100     100     100     100     100     100     100
CANADA (1)              ..      75      80      92      97     102     105     102      96      91      92      91
MEXICO                  ..       8       7       8       9      10      11      13      14      13       8       8
JAPAN                   44      62      72      86      83      81      89      97     111     121     134     115
KOREA                    5      10      11      16      22      25      29      31      32      36      42      46
TAIWAN                   6      11      15      18      22      24      25      28      28      29      31      30
AUSTRIA                 63      69      88      95      91     110     106     115     111     116     135     127
BELGIUM                 93      84     101     106     100     119     118     127     120     126      ..      ..
DENMARK                 84      69      89      94      88     105     101     109     100      ..      ..      ..
FINLAND                 65      67      83      97     101     122     117     105      86      96     122     116
FRANCE                  63      68      80      86      81      96      92     100      93      96     108     104
GERMANY (1)             89      90     113     124     117     139     137     149     145     149     176     175
IRELAND (1)             42      50      56      61      57      67      65      69      61      62      67      67
ITALY                   66      69      84      92      93     108     109     111      88      86      88      94
NETHERLANDS             88      74      91      97      89     102      98     106     102     101      ..      ..
NORWAY                  ..      86     108     121     116     129     117     128     110     113     128     127
SPAIN                   ..      ..      ..      ..      61      74      76      81      69      67      74      75
SWEDEN (1)              97      79      94     107     108     124     125     135      93      96     110     122
UNITED KINGDOM          48      50      59      70      68      79      82      83      69      70      75      76
---------------------------------------------------------------------------------------------------------------------
(1) INDUSTRY NOTES: GENERALLY INCLUDES METAL FURNITURE EXCEPT FOR THE UNITED STATES, CANADA, JAPAN & TAIWAN,
WHICH INCLUDE METAL FURNITURE IN FURNITURE & FIXTURES MANUFACTURING (US SIC 25).
CANADA: EXCLUDING INSTRUMENTS AND RELATED PRODUCTS.
GERMANY: FORMER WEST GERMANY.
IRELAND: INCLUDING FOUNDRY PRODUCTS.
SWEDEN: BREAK IN SERIES AT 1994.


SOURCE: U.S. BUREAU OF LABOR STATISTICS, MAY 1999.
HOURLY COMPENSATION COSTS FOR PRODUCTION WORKERS IN U.S. DOLLARS
                                                                                                          PAGE  82
FABRICATED METAL PRODUCTS, MACHINERY, & EQUIP. (US SIC 34-38 & ISIC 38) (1)
1975 AND 1986-96
---------------------------------------------------------------------------------------------------------------------
COUNTRY OR AREA       1975    1986    1987    1988    1989    1990    1991    1992    1993    1994    1995    1996
---------------------------------------------------------------------------------------------------------------------
UNITED STATES         7.38   15.56   15.78   15.47   15.93   16.59   17.46   17.97   18.51   18.92   19.09   19.60
CANADA (1)              ..   11.63   12.66   14.27   15.52   16.84   18.35   18.38   17.68   17.23   17.59   17.91
MEXICO                  ..    1.18    1.07    1.27    1.43    1.61    1.89    2.26    2.50    2.52    1.59    1.55
JAPAN                 3.25    9.65   11.32   13.29   13.15   13.46   15.48   17.41   20.49   22.88   25.67   22.56
KOREA                  .36    1.50    1.75    2.43    3.55    4.17    5.10    5.60    6.00    6.88    8.02    8.93
TAIWAN                 .46    1.76    2.29    2.83    3.57    3.90    4.35    5.07    5.18    5.50    5.87    5.88
AUSTRIA               4.65   10.79   13.89   14.76   14.55   18.18   18.54   20.73   20.60   21.88   25.75   24.94
BELGIUM               6.84   13.02   15.98   16.47   15.97   19.81   20.55   22.88   22.15   23.91      ..      ..
DENMARK               6.23   10.72   14.09   14.54   13.99   17.43   17.70   19.61   18.45      ..      ..      ..
FINLAND               4.83   10.44   13.06   14.93   16.13   20.25   20.37   18.90   15.86   18.17   23.30   22.78
FRANCE                4.67   10.62   12.63   13.27   12.97   15.92   16.08   17.98   17.25   18.12   20.57   20.45
GERMANY (1)           6.56   14.07   17.83   19.20   18.70   23.07   23.95   26.83   26.93   28.27   33.67   34.29
IRELAND (1)           3.08    7.73    8.90    9.49    9.10   11.11   11.34   12.39   11.26   11.70   12.87   13.09
ITALY                 4.85   10.70   13.32   14.29   14.75   17.96   19.07   19.96   16.26   16.28   16.83   18.39
NETHERLANDS           6.51   11.54   14.33   15.03   14.17   16.96   17.11   19.03   18.94   19.06      ..      ..
NORWAY                  ..   13.41   17.00   18.67   18.45   21.45   20.46   23.02   20.40   21.31   24.44   24.90
SPAIN                   ..      ..      ..      ..    9.68   12.34   13.33   14.64   12.80   12.74   14.21   14.69
SWEDEN (1)            7.18   12.22   14.91   16.53   17.19   20.49   21.82   24.17   17.24   18.17   21.09   23.88
UNITED KINGDOM        3.51    7.80    9.24   10.80   10.84   13.12   14.28   14.91   12.85   13.33   14.23   14.85
---------------------------------------------------------------------------------------------------------------------
(1) INDUSTRY NOTES: GENERALLY INCLUDES METAL FURNITURE EXCEPT FOR THE UNITED STATES, CANADA, JAPAN & TAIWAN,
WHICH INCLUDE METAL FURNITURE IN FURNITURE & FIXTURES MANUFACTURING (US SIC 25).
CANADA: EXCLUDING INSTRUMENTS AND RELATED PRODUCTS.
GERMANY: FORMER WEST GERMANY.
IRELAND: INCLUDING FOUNDRY PRODUCTS.
SWEDEN: BREAK IN SERIES AT 1994.


SOURCE: U.S. BUREAU OF LABOR STATISTICS, MAY 1999.
HOURLY COMPENSATION COSTS FOR PRODUCTION WORKERS IN NATIONAL CURRENCY
                                                                                                          PAGE  83
FABRICATED METAL PRODUCTS, MACHINERY, & EQUIP. (US SIC 34-38 & ISIC 38) (1)
1975 AND 1986-96
---------------------------------------------------------------------------------------------------------------------
COUNTRY OR AREA       1975    1986    1987    1988    1989    1990    1991    1992    1993    1994    1995    1996
---------------------------------------------------------------------------------------------------------------------
UNITED STATES         7.38   15.56   15.78   15.47   15.93   16.59   17.46   17.97   18.51   18.92   19.09   19.60
CANADA (1)              ..   16.16   16.78   17.56   18.37   19.65   21.03   22.23   22.81   23.54   24.16   24.43
MEXICO                  ..     720    1475    2897    3527    4521    5691    7009    7.79    8.51   10.21   11.77
JAPAN                  964    1625    1637    1704    1816    1952    2084    2208    2277    2338    2412    2455
KOREA                  176    1322    1438    1774    2386    2955    3738    4369    4818    5528    6184    7181
TAIWAN               17.53   66.56   72.81   80.92   94.39  105.11  116.41  127.44  136.81  145.71  155.52  161.63
AUSTRIA              80.96  164.68  175.69  182.41  192.65  206.03  216.69  227.82  239.75  249.60  259.58  264.11
BELGIUM             251.09  581.59  597.20  605.83  629.24  662.11  702.97  735.69  766.03  799.48      ..      ..
DENMARK              35.71   86.77   96.50   97.99  102.41  107.87  113.33  118.41  119.67      ..      ..      ..
FINLAND              17.71   52.94   57.49   62.60   69.31   77.55   82.52   84.79   90.77   95.12  101.95  104.68
FRANCE               20.00   73.53   75.95   79.09   82.72   86.70   90.83   95.17   97.77  100.50  102.54  104.61
GERMANY (1)          16.11   30.54   32.05   33.73   35.18   37.31   39.78   41.90   44.57   45.85   48.22   51.60
IRELAND (1)           1.39    5.76    5.98    6.22    6.41    6.70    7.02    7.27    7.69    7.82    8.02    8.18
ITALY                 3166   15960   17278   18600   20241   21510   23668   24587   25571   26235   27414   28381
NETHERLANDS          16.41   28.25   29.04   29.72   30.07   30.91   32.04   33.48   35.18   34.68      ..      ..
NORWAY                  ..   99.19  114.62  121.83  127.56  134.17  132.80  143.06  144.80  150.37  154.84  160.81
SPAIN                   ..      ..      ..      ..    1146    1258    1386    1499    1631    1706    1770    1862
SWEDEN (1)           29.75   87.12   94.65  101.42  110.97  121.35  132.04  140.84  134.41  140.20  150.63  160.19
UNITED KINGDOM        1.58    5.31    5.64    6.07    6.61    7.35    8.08    8.44    8.56    8.70    9.01    9.51
---------------------------------------------------------------------------------------------------------------------
(1) INDUSTRY NOTES: GENERALLY INCLUDES METAL FURNITURE EXCEPT FOR THE UNITED STATES, CANADA, JAPAN & TAIWAN,
WHICH INCLUDE METAL FURNITURE IN FURNITURE & FIXTURES MANUFACTURING (US SIC 25).
CANADA: EXCLUDING INSTRUMENTS AND RELATED PRODUCTS.
GERMANY: FORMER WEST GERMANY.
IRELAND: INCLUDING FOUNDRY PRODUCTS.
SWEDEN: BREAK IN SERIES AT 1994.


SOURCE: U.S. BUREAU OF LABOR STATISTICS, MAY 1999.
HOURLY COMPENSATION COSTS FOR PRODUCTION WORKERS: INDEX U.S. = 100
                                                                                                          PAGE  84
FABRICATED METAL PRODUCTS MANUFACTURING (US SIC 34) (1)
1975 AND 1986-96
---------------------------------------------------------------------------------------------------------------------
COUNTRY OR AREA       1975    1986    1987    1988    1989    1990    1991    1992    1993    1994    1995    1996
---------------------------------------------------------------------------------------------------------------------
UNITED STATES          100     100     100     100     100     100     100     100     100     100     100     100
CANADA                  ..      78      85      93      99     103     106     104      94      88      92      92
MEXICO                  ..       7       6       7       8       9      10      12      13      14       9       8
HONG KONG SAR (1)       11      13      14      16      18      17      20      24      26      25      26      26
ISRAEL                  35      41      48      57      58      63      60      60      57      58      67      67
JAPAN                   47      69      79      89      86      84      93     104     120     131     140     117
KOREA                    5      11      13      17      23      26      31      34      35      37      43      48
TAIWAN                   6      13      18      21      24      25      27      31      30      31      33      31
AUSTRIA (1)             --      --      --      --      --      --      --      --      --      --      --      --
BELGIUM                 99      95     114     114     107     127     127     137     130     139      ..      ..
DENMARK                 89      80     103     102      97     115     112     122     112      ..      ..      ..
FINLAND                 69      75      90     101     109     130     125     114      93     104     133     128
FRANCE                  67      75      88      90      85     101      97     106     100     103     116     112
GERMANY (1)             92      92     115     120     114     135     133     146     141     147     173     166
GREECE                  26      32      37      40      41      48      48      51      47      49      58      59
IRELAND (1)             --      --      --      --      --      --      --      --      --      --      --      --
ITALY                   70      77      94      98      99     116     118     121      97      95      98     104
NETHERLANDS             97      82     101     103      95     111     107     116     113     112      ..      ..
SPAIN (1)               ..      ..      ..      ..      60      74      78      83      70      69      77      73
SWEDEN (1)             108      89     106     115     116     135     136     147     103     108     122     134
SWITZERLAND (1)         --      --      --      --      --      --      --      --      --      --      --      --
UNITED KINGDOM          47      52      60      68      66      76      78      80      67      69      74      ..
---------------------------------------------------------------------------------------------------------------------
(1) INDUSTRY NOTES: GENERALLY INCLUDES METAL FURNITURE EXCEPT FOR THE UNITED STATES, CANADA, JAPAN & TAIWAN,
WHICH INCLUDE METAL FURNITURE IN FURNITURE & FIXTURES MANUFACTURING (US SIC 25).
HONG KONG: HARDWARE, METAL WRISTWATCH BANDS, & METAL PRODUCTS NEC.
HONG KONG SPECIAL ADMINISTRATIVE REGION OF CHINA.
AUSTRIA: INCLUDING INSTRUMENTS.
GERMANY: FORMER WEST GERMANY.
IRELAND: INCLUDING FOUNDRY PRODUCTS.
SPAIN: INCLUDING FOUNDRY PRODUCTS.
SWEDEN: BREAK IN SERIES AT 1994.
SWITZERLAND: PRIMARY METALS, METAL PRODUCTS, MACHINERY & EQUIPMENT.
SOURCE: U.S. BUREAU OF LABOR STATISTICS, MAY 1999.
HOURLY COMPENSATION COSTS FOR PRODUCTION WORKERS IN U.S. DOLLARS
                                                                                                          PAGE  85
FABRICATED METAL PRODUCTS MANUFACTURING (US SIC 34) (1)
1975 AND 1986-96
---------------------------------------------------------------------------------------------------------------------
COUNTRY OR AREA       1975    1986    1987    1988    1989    1990    1991    1992    1993    1994    1995    1996
---------------------------------------------------------------------------------------------------------------------
UNITED STATES         6.60   13.51   13.77   14.17   14.59   15.10   15.76   16.13   16.49   16.70   16.85   17.36
CANADA                  ..   10.57   11.70   13.17   14.49   15.55   16.69   16.70   15.42   14.75   15.55   15.91
MEXICO                  ..     .92     .88    1.04    1.23    1.35    1.54    1.89    2.15    2.32    1.48    1.41
HONG KONG SAR (1)      .75    1.78    1.95    2.24    2.61    2.64    3.08    3.81    4.27    4.11    4.33    4.49
ISRAEL                2.32    5.48    6.60    8.05    8.44    9.58    9.45    9.61    9.46    9.70   11.27   11.68
JAPAN                 3.08    9.35   10.90   12.65   12.52   12.65   14.62   16.81   19.85   21.85   23.55   20.38
KOREA                  .34    1.44    1.76    2.35    3.39    3.99    4.94    5.45    5.80    6.25    7.28    8.38
TAIWAN                 .42    1.81    2.44    2.94    3.56    3.80    4.23    4.94    4.90    5.23    5.51    5.41
AUSTRIA (1)           4.48    9.93   12.69   13.52   13.32   16.79   17.05   19.00   18.60   19.70   23.33   22.70
BELGIUM               6.53   12.81   15.72   16.09   15.60   19.18   20.00   22.16   21.42   23.14      ..      ..
DENMARK               5.88   10.77   14.23   14.51   14.08   17.35   17.68   19.68   18.39      ..      ..      ..
FINLAND               4.56   10.13   12.37   14.38   15.84   19.59   19.76   18.44   15.26   17.45   22.44   22.19
FRANCE                4.41   10.11   12.13   12.71   12.40   15.19   15.36   17.12   16.46   17.26   19.59   19.48
GERMANY (1)           6.10   12.48   15.79   17.02   16.58   20.34   21.01   23.48   23.33   24.61   29.21   28.79
GREECE                1.73    4.38    5.03    5.66    6.01    7.23    7.63    8.28    7.75    8.24    9.72   10.25
IRELAND (1)           2.85    7.51    8.58    9.27    8.87   10.70   10.82   11.75   10.62   11.30   12.35   12.37
ITALY                 4.60   10.44   12.99   13.90   14.39   17.54   18.65   19.54   15.93   15.93   16.47   17.98
NETHERLANDS           6.37   11.08   13.88   14.63   13.84   16.80   16.88   18.76   18.64   18.77      ..      ..
SPAIN (1)               ..      ..      ..      ..    8.81   11.21   12.24   13.36   11.48   11.55   12.94   12.62
SWEDEN (1)            7.11   12.00   14.60   16.23   16.94   20.31   21.48   23.69   16.95   17.97   20.64   23.21
SWITZERLAND (1)       6.53   14.10   17.50   18.41   17.11   21.29   22.10   23.63   23.05      ..      ..      ..
UNITED KINGDOM        3.12    6.97    8.30    9.68    9.64   11.46   12.36   12.88   11.01   11.55   12.43      ..
---------------------------------------------------------------------------------------------------------------------
(1) INDUSTRY NOTES: GENERALLY INCLUDES METAL FURNITURE EXCEPT FOR THE UNITED STATES, CANADA, JAPAN & TAIWAN,
WHICH INCLUDE METAL FURNITURE IN FURNITURE & FIXTURES MANUFACTURING (US SIC 25).
HONG KONG: HARDWARE, METAL WRISTWATCH BANDS, & METAL PRODUCTS NEC.
HONG KONG SPECIAL ADMINISTRATIVE REGION OF CHINA.
AUSTRIA: INCLUDING INSTRUMENTS.
GERMANY: FORMER WEST GERMANY.
IRELAND: INCLUDING FOUNDRY PRODUCTS.
SPAIN: INCLUDING FOUNDRY PRODUCTS.
SWEDEN: BREAK IN SERIES AT 1994.
SWITZERLAND: PRIMARY METALS, METAL PRODUCTS, MACHINERY & EQUIPMENT.
SOURCE: U.S. BUREAU OF LABOR STATISTICS, MAY 1999.
HOURLY COMPENSATION COSTS FOR PRODUCTION WORKERS IN NATIONAL CURRENCY
                                                                                                          PAGE  86
FABRICATED METAL PRODUCTS MANUFACTURING (US SIC 34) (1)
1975 AND 1986-96
---------------------------------------------------------------------------------------------------------------------
COUNTRY OR AREA       1975    1986    1987    1988    1989    1990    1991    1992    1993    1994    1995    1996
---------------------------------------------------------------------------------------------------------------------
UNITED STATES         6.60   13.51   13.77   14.17   14.59   15.10   15.76   16.13   16.49   16.70   16.85   17.36
CANADA                  ..   14.69   15.51   16.22   17.15   18.15   19.12   20.19   19.89   20.15   21.35   21.70
MEXICO                  ..     560    1207    2370    3024    3788    4640    5842    6.69    7.82    9.47   10.75
HONG KONG SAR (1)     3.71   13.86   15.24   17.49   20.33   20.57   23.90   29.52   33.05   31.78   33.48   34.75
ISRAEL                1.48    8.15   10.53   12.87   16.17   19.31   21.55   23.63   26.76   29.21   33.94   38.40
JAPAN                  913    1575    1577    1622    1729    1834    1967    2131    2206    2233    2213    2217
KOREA                  165    1272    1448    1719    2275    2826    3622    4253    4656    5020    5616    6746
TAIWAN               16.07   68.65   77.75   84.04   94.08  102.25  113.22  124.34  129.57  138.40  146.08  148.71
AUSTRIA (1)          77.94  151.47  160.50  167.09  176.34  190.19  199.27  208.85  216.54  224.83  235.19  240.34
BELGIUM             239.57  571.88  587.24  591.72  614.93  641.01  684.16  712.57  740.76  773.44      ..      ..
DENMARK              33.71   87.17   97.47   97.80  103.08  107.37  113.22  118.79  119.28      ..      ..      ..
FINLAND              16.72   51.38   54.47   60.28   68.06   75.02   80.05   82.75   87.36   91.31   98.19  101.96
FRANCE               18.87   69.99   72.90   75.76   79.12   82.75   86.76   90.62   93.30   95.71   97.70   99.64
GERMANY (1)          14.98   27.09   28.39   29.90   31.19   32.89   34.89   36.67   38.62   39.92   41.83   43.33
GREECE                  56     613     681     803     975    1146    1391    1578    1777    2000    2253    2467
IRELAND (1)           1.28    5.60    5.77    6.08    6.26    6.45    6.71    6.89    7.25    7.55    7.70    7.73
ITALY                 3001   15572   16853   18100   19747   21016   23140   24074   25051   25669   26827   27743
NETHERLANDS          16.08   27.12   28.13   28.93   29.36   30.60   31.60   32.99   34.63   34.14      ..      ..
SPAIN (1)               ..      ..      ..      ..    1043    1144    1273    1368    1463    1546    1612    1599
SWEDEN (1)           29.43   85.50   92.65   99.60  109.34  120.28  129.97  138.05  132.13  138.67  147.40  155.68
SWITZERLAND (1)      16.84   25.35   26.10   26.95   28.02   29.59   31.73   33.23   34.07      ..      ..      ..
UNITED KINGDOM        1.41    4.75    5.06    5.43    5.88    6.42    6.99    7.29    7.33    7.54    7.88      ..
---------------------------------------------------------------------------------------------------------------------
(1) INDUSTRY NOTES: GENERALLY INCLUDES METAL FURNITURE EXCEPT FOR THE UNITED STATES, CANADA, JAPAN & TAIWAN,
WHICH INCLUDE METAL FURNITURE IN FURNITURE & FIXTURES MANUFACTURING (US SIC 25).
HONG KONG: HARDWARE, METAL WRISTWATCH BANDS, & METAL PRODUCTS NEC.
HONG KONG SPECIAL ADMINISTRATIVE REGION OF CHINA.
AUSTRIA: INCLUDING INSTRUMENTS.
GERMANY: FORMER WEST GERMANY.
IRELAND: INCLUDING FOUNDRY PRODUCTS.
SPAIN: INCLUDING FOUNDRY PRODUCTS.
SWEDEN: BREAK IN SERIES AT 1994.
SWITZERLAND: PRIMARY METALS, METAL PRODUCTS, MACHINERY & EQUIPMENT.
SOURCE: U.S. BUREAU OF LABOR STATISTICS, MAY 1999.
HOURLY COMPENSATION COSTS FOR PRODUCTION WORKERS: INDEX U.S. = 100
                                                                                                          PAGE  87
INDUSTRIAL AND COMMERCIAL MACHINERY AND EQUIPMENT (US SIC 35)
1975 AND 1986-96
---------------------------------------------------------------------------------------------------------------------
COUNTRY OR AREA       1975    1986    1987    1988    1989    1990    1991    1992    1993    1994    1995    1996
---------------------------------------------------------------------------------------------------------------------
UNITED STATES          100     100     100     100     100     100     100     100     100     100     100     100
CANADA                  ..      78      85      93      97     103     107     105      96      92      93      95
MEXICO                  ..       7       7       8       9      10      11      13      15      16      10       9
ISRAEL                  35      41      49      59      57      62      61      63      59      64      71      67
JAPAN                   49      74      85      98      94      92     103     110     123     134     149     126
KOREA                    5      11      13      17      25      28      32      34      34      38      43      44
TAIWAN                   7      14      17      21      25      26      27      31      30      32      34      33
AUSTRIA (1)             --      --      --      --      --      --      --      --      --      --      --      --
BELGIUM                 98      91     111     113     106     127     126     136     128     136      ..      ..
DENMARK                 88      74      95      96      90     108     105     113     104      ..      ..      ..
FINLAND                 72      74      95     106     111     134     128     118      94     110     139     133
FRANCE                  68      74      87      89      85     100      97     106      98     102     114     111
GERMANY (1)             96      96     120     126     119     141     140     152     147     153     181     177
GREECE                  24      28      31      35      37      44      44      46      43      46      52      52
IRELAND                 40      54      62      64      60      71      69      73      65      66      73      73
ITALY                   69      75      92      96      97     113     116     118      93      92      94     100
NETHERLANDS             93      79      97      98      90     104     101     109     107     106      ..      ..
SPAIN                   ..      ..      ..      ..      60      74      76      82      71      71      80      80
SWEDEN (1)             101      84     102     110     111     128     131     141      98     101     114     126
SWITZERLAND (1)         --      --      --      --      --      --      --      --      --      --      --      --
UNITED KINGDOM          49      55      64      73      72      83      86      87      74      75      79      ..
---------------------------------------------------------------------------------------------------------------------
(1) INDUSTRY NOTES:
AUSTRIA: INCLUDING SHIPBUILDING, SOME RAILROAD EQUIP & METAL PRODS.
GERMANY: FORMER WEST GERMANY.
SWEDEN: BREAK IN SERIES AT 1994.
SWITZERLAND: PRIMARY METALS, METAL PRODUCTS, MACHINERY & EQUIPMENT.


SOURCE: U.S. BUREAU OF LABOR STATISTICS, MAY 1999.
HOURLY COMPENSATION COSTS FOR PRODUCTION WORKERS IN U.S. DOLLARS
                                                                                                          PAGE  88
INDUSTRIAL AND COMMERCIAL MACHINERY AND EQUIPMENT (US SIC 35)
1975 AND 1986-96
---------------------------------------------------------------------------------------------------------------------
COUNTRY OR AREA       1975    1986    1987    1988    1989    1990    1991    1992    1993    1994    1995    1996
---------------------------------------------------------------------------------------------------------------------
UNITED STATES         7.02   14.44   14.66   14.98   15.45   16.07   16.73   17.20   17.71   17.93   18.15   18.63
CANADA                  ..   11.25   12.45   13.93   15.05   16.51   17.93   18.10   17.03   16.42   16.90   17.70
MEXICO                  ..    1.08    1.00    1.20    1.43    1.53    1.90    2.30    2.69    2.80    1.82    1.75
ISRAEL                2.45    5.93    7.24    8.88    8.75    9.97   10.23   10.78   10.42   11.47   12.85   12.56
JAPAN                 3.46   10.64   12.45   14.63   14.52   14.80   17.20   18.94   21.81   23.97   27.11   23.47
KOREA                  .36    1.59    1.87    2.62    3.86    4.45    5.42    5.86    6.10    6.82    7.86    8.26
TAIWAN                 .52    2.03    2.56    3.13    3.83    4.22    4.55    5.40    5.38    5.67    6.20    6.13
AUSTRIA (1)           5.08   11.47   14.77   15.53   15.35   19.49   19.91   22.18   21.77   23.13   27.37   26.14
BELGIUM               6.89   13.17   16.20   16.96   16.42   20.44   21.04   23.39   22.61   24.47      ..      ..
DENMARK               6.16   10.71   13.88   14.44   13.89   17.38   17.57   19.47   18.47      ..      ..      ..
FINLAND               5.07   10.68   13.90   15.85   17.19   21.56   21.43   20.36   16.73   19.75   25.19   24.82
FRANCE                4.78   10.67   12.78   13.39   13.09   16.08   16.23   18.17   17.43   18.30   20.74   20.62
GERMANY (1)           6.74   13.89   17.56   18.92   18.45   22.69   23.43   26.18   26.00   27.40   32.94   33.01
GREECE                1.71    4.06    4.61    5.31    5.64    7.09    7.37    7.96    7.64    8.23    9.48    9.68
IRELAND               2.81    7.81    9.08    9.57    9.32   11.41   11.57   12.59   11.47   11.76   13.22   13.60
ITALY                 4.85   10.79   13.44   14.41   14.94   18.20   19.39   20.30   16.54   16.55   17.11   18.66
NETHERLANDS           6.52   11.45   14.15   14.64   13.95   16.74   16.82   18.75   18.89   19.02      ..      ..
SPAIN                   ..      ..      ..      ..    9.34   11.91   12.74   14.19   12.57   12.77   14.55   14.92
SWEDEN (1)            7.07   12.13   14.90   16.52   17.20   20.55   21.92   24.21   17.35   18.13   20.71   23.48
SWITZERLAND (1)       6.53   14.10   17.50   18.41   17.11   21.29   22.10   23.63   23.05      ..      ..      ..
UNITED KINGDOM        3.46    7.87    9.31   11.01   11.14   13.34   14.47   15.03   13.03   13.42   14.39      ..
---------------------------------------------------------------------------------------------------------------------
(1) INDUSTRY NOTES:
AUSTRIA: INCLUDING SHIPBUILDING, SOME RAILROAD EQUIP & METAL PRODS.
GERMANY: FORMER WEST GERMANY.
SWEDEN: BREAK IN SERIES AT 1994.
SWITZERLAND: PRIMARY METALS, METAL PRODUCTS, MACHINERY & EQUIPMENT.


SOURCE: U.S. BUREAU OF LABOR STATISTICS, MAY 1999.
HOURLY COMPENSATION COSTS FOR PRODUCTION WORKERS IN NATIONAL CURRENCY
                                                                                                          PAGE  89
INDUSTRIAL AND COMMERCIAL MACHINERY AND EQUIPMENT (US SIC 35)
1975 AND 1986-96
---------------------------------------------------------------------------------------------------------------------
COUNTRY OR AREA       1975    1986    1987    1988    1989    1990    1991    1992    1993    1994    1995    1996
---------------------------------------------------------------------------------------------------------------------
UNITED STATES         7.02   14.44   14.66   14.98   15.45   16.07   16.73   17.20   17.71   17.93   18.15   18.63
CANADA                  ..   15.63   16.51   17.15   17.82   19.27   20.54   21.88   21.97   22.42   23.21   24.14
MEXICO                  ..     662    1383    2729    3521    4311    5730    7111    8.38    9.45   11.67   13.32
ISRAEL                1.57    8.82   11.54   14.19   16.76   20.09   23.31   26.52   29.50   34.54   38.69   41.31
JAPAN                 1026    1793    1801    1876    2005    2146    2315    2401    2423    2450    2547    2553
KOREA                  173    1400    1539    1917    2589    3150    3975    4577    4896    5479    6065    6646
TAIWAN               19.88   76.95   81.45   89.44  101.26  113.56  121.73  135.87  142.05  150.20  164.22  168.45
AUSTRIA (1)          88.32  175.05  186.82  192.00  203.25  220.82  232.80  243.75  253.45  263.90  275.93  276.78
BELGIUM             252.96  587.98  605.15  623.81  646.96  683.26  719.53  751.94  781.82  818.17      ..      ..
DENMARK              35.34   86.71   95.07   97.33  101.71  107.57  112.54  117.55  119.82      ..      ..      ..
FINLAND              18.59   54.15   61.23   66.47   73.84   82.56   86.82   91.33   95.77  103.35  110.25  114.06
FRANCE               20.46   73.93   76.83   79.80   83.49   87.61   91.65   96.17   98.80  101.47  103.42  105.51
GERMANY (1)          16.54   30.13   31.58   33.24   34.71   36.69   38.92   40.90   43.04   44.45   47.17   49.68
GREECE                  55     569     625     753     916    1124    1343    1516    1751    1996    2197    2329
IRELAND               1.27    5.83    6.10    6.27    6.57    6.88    7.17    7.39    7.83    7.86    8.24    8.50
ITALY                 3161   16095   17438   18767   20500   21809   24060   25004   26017   26669   27868   28794
NETHERLANDS          16.44   28.02   28.66   28.96   29.60   30.50   31.49   32.98   35.10   34.59      ..      ..
SPAIN                   ..      ..      ..      ..    1106    1215    1325    1453    1603    1709    1813    1891
SWEDEN (1)           29.29   86.46   94.56  101.39  111.04  121.72  132.65  141.07  135.30  139.92  147.92  157.51
SWITZERLAND (1)      16.84   25.35   26.10   26.95   28.02   29.59   31.73   33.23   34.07      ..      ..      ..
UNITED KINGDOM        1.56    5.36    5.67    6.18    6.80    7.48    8.19    8.51    8.68    8.76    9.11      ..
---------------------------------------------------------------------------------------------------------------------
(1) INDUSTRY NOTES:
AUSTRIA: INCLUDING SHIPBUILDING, SOME RAILROAD EQUIP & METAL PRODS.
GERMANY: FORMER WEST GERMANY.
SWEDEN: BREAK IN SERIES AT 1994.
SWITZERLAND: PRIMARY METALS, METAL PRODUCTS, MACHINERY & EQUIPMENT.


SOURCE: U.S. BUREAU OF LABOR STATISTICS, MAY 1999.
HOURLY COMPENSATION COSTS FOR PRODUCTION WORKERS: INDEX U.S. = 100
                                                                                                          PAGE  90
ELECTRONIC AND OTHER ELECTRICAL EQUIPMENT (US SIC 36)
1975 AND 1986-96
---------------------------------------------------------------------------------------------------------------------
COUNTRY OR AREA       1975    1986    1987    1988    1989    1990    1991    1992    1993    1994    1995    1996
---------------------------------------------------------------------------------------------------------------------
UNITED STATES                                  100     100     100     100     100     100     100     100     100
CANADA                                          95     101     109     110     109     103      96      93      93
MEXICO                                           8       9       9      11      12      13      13       8       8
HONG KONG SAR (1)                               15      18      19      21      24      28      30      30      33
ISRAEL                                          75      76      83      83      84      78      80      88      91
JAPAN                                           84      82      82      90      99     115     128     145     125
KOREA                                           16      23      24      28      30      32      37      43      46
TAIWAN                                          19      23      25      26      29      30      32      34      34
AUSTRIA                                        105      99     122     118     129     129     134     154     147
BELGIUM                                        119     113     136     134     146     137     145      ..      ..
DENMARK                                        103      97     116     111     119     109      ..      ..      ..
FINLAND                                         98     104     129     123     110      87      99     126     121
FRANCE                                          96      91     108     103     112     105     108     121     117
GERMANY (1)                                    127     121     146     145     159     157     163     192     187
GREECE                                          39      40      49      49      53      50      52      60      61
IRELAND                                         64      60      71      69      73      65      67      72      71
ITALY                                          104     105     124     126     129     102     101     103     109
NETHERLANDS                                    112     101     117     114     123     120     118      ..      ..
SPAIN                                           ..      67      82      84      89      76      73      81      81
SWEDEN (1)                                     119     120     137     140     154     107      --      --      --
SWITZERLAND (1)                                 --      --      --      --      --      --      --      --      --
UNITED KINGDOM                                  73      71      83      84      88      73      74      78      77
---------------------------------------------------------------------------------------------------------------------
(1) INDUSTRY NOTES:
HONG KONG: ELECTRICAL APPLIANCES & ELECTRONIC PRODUCTS.
HONG KONG SPECIAL ADMINISTRATIVE REGION OF CHINA.
GERMANY: FORMER WEST GERMANY.
SWEDEN: INCLUDING PRECISION INSTRUMENTS BEGINNING 1994.
SWITZERLAND: PRIMARY METALS, METAL PRODUCTS, MACHINERY & EQUIPMENT.


SOURCE: U.S. BUREAU OF LABOR STATISTICS, MAY 1999.
HOURLY COMPENSATION COSTS FOR PRODUCTION WORKERS IN U.S. DOLLARS
                                                                                                          PAGE  91
ELECTRONIC AND OTHER ELECTRICAL EQUIPMENT (US SIC 36)
1975 AND 1986-96
---------------------------------------------------------------------------------------------------------------------
COUNTRY OR AREA       1975    1986    1987    1988    1989    1990    1991    1992    1993    1994    1995    1996
---------------------------------------------------------------------------------------------------------------------
UNITED STATES           ..      ..      ..   13.51   13.85   14.31   15.05   15.50   15.89   16.19   16.35   16.86
CANADA                  ..   10.75   11.61   12.87   14.02   15.55   16.55   16.88   16.32   15.54   15.28   15.66
MEXICO                  ..     .98     .94    1.10    1.24    1.34    1.62    1.90    2.11    2.05    1.33    1.34
HONG KONG SAR (1)      .64    1.67    1.89    2.08    2.55    2.78    3.12    3.65    4.49    4.92    4.93    5.49
ISRAEL                2.25    7.08    8.46   10.20   10.52   11.90   12.48   12.97   12.46   12.92   14.46   15.40
JAPAN                 2.83    8.15    9.71   11.38   11.38   11.80   13.52   15.39   18.23   20.70   23.63   21.09
KOREA                  .34    1.31    1.55    2.11    3.12    3.50    4.21    4.60    5.11    5.91    6.99    7.70
TAIWAN                 .43    1.55    2.03    2.51    3.21    3.51    3.91    4.51    4.75    5.18    5.55    5.70
AUSTRIA               4.19   10.35   13.36   14.20   13.69   17.46   17.78   20.06   20.51   21.68   25.20   24.78
BELGIUM               6.69   12.68   15.57   16.08   15.63   19.50   20.19   22.63   21.76   23.50      ..      ..
DENMARK               5.93   10.28   13.61   13.94   13.37   16.60   16.75   18.40   17.38      ..      ..      ..
FINLAND               4.15    9.06   11.46   13.24   14.37   18.50   18.52   17.11   13.87   16.08   20.56   20.39
FRANCE                4.31   10.26   12.23   12.93   12.61   15.42   15.48   17.41   16.75   17.53   19.81   19.66
GERMANY (1)           5.88   12.56   15.94   17.20   16.82   20.85   21.82   24.58   24.96   26.43   31.41   31.55
GREECE                1.65    3.96    4.53    5.23    5.59    6.95    7.39    8.25    7.92    8.44    9.75   10.27
IRELAND               2.60    7.12    8.07    8.62    8.32   10.11   10.41   11.27   10.34   10.77   11.72   11.94
ITALY                 4.74   10.36   13.00   13.99   14.53   17.79   18.99   19.95   16.25   16.29   16.83   18.39
NETHERLANDS           6.31   11.58   14.36   15.11   14.00   16.71   17.16   19.06   19.03   19.16      ..      ..
SPAIN                   ..      ..      ..      ..    9.33   11.76   12.66   13.87   12.03   11.85   13.18   13.68
SWEDEN (1)            6.84   11.97   14.55   16.02   16.57   19.59   21.12   23.90   16.95   17.70   20.51   23.36
SWITZERLAND (1)       6.53   14.10   17.50   18.41   17.11   21.29   22.10   23.63   23.05      ..      ..      ..
UNITED KINGDOM        3.18    7.14    8.39    9.84    9.78   11.88   12.62   13.59   11.63   12.04   12.69   13.00
---------------------------------------------------------------------------------------------------------------------
(1) INDUSTRY NOTES:
HONG KONG: ELECTRICAL APPLIANCES & ELECTRONIC PRODUCTS.
HONG KONG SPECIAL ADMINISTRATIVE REGION OF CHINA.
GERMANY: FORMER WEST GERMANY.
SWEDEN: INCLUDING PRECISION INSTRUMENTS BEGINNING 1994.
SWITZERLAND: PRIMARY METALS, METAL PRODUCTS, MACHINERY & EQUIPMENT.


SOURCE: U.S. BUREAU OF LABOR STATISTICS, MAY 1999.
HOURLY COMPENSATION COSTS FOR PRODUCTION WORKERS IN NATIONAL CURRENCY
                                                                                                          PAGE  92
ELECTRONIC AND OTHER ELECTRICAL EQUIPMENT (US SIC 36)
1975 AND 1986-96
---------------------------------------------------------------------------------------------------------------------
COUNTRY OR AREA       1975    1986    1987    1988    1989    1990    1991    1992    1993    1994    1995    1996
---------------------------------------------------------------------------------------------------------------------
UNITED STATES           ..      ..      ..   13.51   13.85   14.31   15.05   15.50   15.89   16.19   16.35   16.86
CANADA                  ..   14.94   15.39   15.84   16.60   18.15   18.97   20.41   21.05   21.23   20.98   21.36
MEXICO                  ..     600    1292    2496    3057    3758    4883    5876    6.58    6.90    8.54   10.15
HONG KONG SAR (1)     3.16   13.01   14.71   16.23   19.90   21.66   24.21   28.21   34.72   38.00   38.14   42.47
ISRAEL                1.44   10.53   13.49   16.32   20.16   23.98   28.44   31.89   35.27   38.89   43.55   50.63
JAPAN                  838    1372    1403    1459    1571    1711    1819    1951    2025    2115    2220    2294
KOREA                  162    1154    1279    1547    2093    2480    3084    3588    4102    4746    5394    6198
TAIWAN               16.45   58.51   64.50   71.90   84.71   94.49  104.54  113.43  125.55  137.20  147.08  156.44
AUSTRIA              72.84  158.01  169.03  175.53  181.26  197.78  207.86  220.48  238.70  247.39  254.00  262.46
BELGIUM             245.50  566.40  581.82  591.28  615.81  651.65  690.49  727.62  752.57  785.58      ..      ..
DENMARK              34.03   83.21   93.23   93.99   97.86  102.73  107.28  111.06  112.70      ..      ..      ..
FINLAND              15.22   45.96   50.47   55.52   61.75   70.84   75.03   76.79   79.39   84.18   89.99   93.70
FRANCE               18.44   71.04   73.53   77.05   80.48   84.01   87.44   92.18   94.95   97.24   98.79  100.57
GERMANY (1)          14.42   27.25   28.66   30.22   31.65   33.72   36.25   38.40   41.30   42.87   44.99   47.48
GREECE                  53     554     614     742     909    1102    1348    1572    1817    2048    2259    2473
IRELAND               1.17    5.31    5.43    5.65    5.86    6.10    6.45    6.61    7.06    7.20    7.31    7.46
ITALY                 3095   15447   16857   18214   19936   21314   23568   24583   25568   26239   27418   28374
NETHERLANDS          15.92   28.34   29.08   29.88   29.70   30.45   32.13   33.53   35.37   34.86      ..      ..
SPAIN                   ..      ..      ..      ..    1105    1200    1317    1421    1533    1587    1642    1733
SWEDEN (1)           28.35   85.32   92.36   98.33  106.95  116.01  127.79  139.24  132.16  136.57  146.46  156.67
SWITZERLAND (1)      16.84   25.35   26.10   26.95   28.02   29.59   31.73   33.23   34.07      ..      ..      ..
UNITED KINGDOM        1.43    4.87    5.12    5.52    5.97    6.66    7.14    7.69    7.75    7.86    8.04    8.33
---------------------------------------------------------------------------------------------------------------------
(1) INDUSTRY NOTES:
HONG KONG: ELECTRICAL APPLIANCES & ELECTRONIC PRODUCTS.
HONG KONG SPECIAL ADMINISTRATIVE REGION OF CHINA.
GERMANY: FORMER WEST GERMANY.
SWEDEN: INCLUDING PRECISION INSTRUMENTS BEGINNING 1994.
SWITZERLAND: PRIMARY METALS, METAL PRODUCTS, MACHINERY & EQUIPMENT.


SOURCE: U.S. BUREAU OF LABOR STATISTICS, MAY 1999.
HOURLY COMPENSATION COSTS FOR PRODUCTION WORKERS: INDEX U.S. = 100
                                                                                                          PAGE  93
ELECTRONIC EQUIPMENT MANUFACTURING (US SIC 365-367)
1975 AND 1986-96
---------------------------------------------------------------------------------------------------------------------
COUNTRY OR AREA       1975    1986    1987    1988    1989    1990    1991    1992    1993    1994    1995    1996
---------------------------------------------------------------------------------------------------------------------
ELECTRONIC EQUIPMENT MANUFACTURING (US SIC 365-367)
UNITED STATES                                  100     100     100     100     100     100     100     100     100
HONG KONG SAR (1)                               16      19      20      21      24      29      32      32      35
JAPAN (1)                                       81      80      81      87      97     112     126     144     124
KOREA                                           16      23      25      28      30      ..      ..      ..      ..
TAIWAN (1)                                      18      22      24      25      28      29      31      33      33
SPAIN                                           ..      75      91      92      98      82      79      89      85
HOUSEHOLD AUDIO AND VIDEO EQUIPMENT (US SIC 365)
UNITED STATES          100     100     100     100     100     100     100     100     100     100     100     100
JAPAN (1)               47      56      68      81      82      83      87      97     117     129     155     145
KOREA                    5       9      11      15      23      25      28      29      ..      ..      ..      ..
ELECTRONIC COMPONENTS AND ACCESSORIES (US SIC 367)
UNITED STATES          100     100     100     100     100     100     100     100     100     100     100     100
JAPAN (1)               49      65      76      86      84      82      89      97     110     126     144     121
KOREA                   ..      11      13      17      25      27      31      32      ..      ..      ..      ..
TAIWAN                  ..      13      16      20      24      25      26      29      30      33      36      35
---------------------------------------------------------------------------------------------------------------------
(1) INDUSTRY NOTES:
HONG KONG: INCLUDING ELECTRONIC OFFICE EQUIPMENT & COMPUTERS.
HONG KONG SPECIAL ADMINISTRATIVE REGION OF CHINA.
JAPAN: BREAKS IN SERIES AT 1990 AND 1991.  FOR HOUSEHOLD AUDIO
AND VIDEO EQUIP (US SIC 365), INCLUDES COMMUNICATION (TRANS-
MITTING) EQUIPMENT (US SIC 366).
TAIWAN: INCLUDING ELECTRONIC OFFICE EQUIPMENT & COMPUTERS.


SOURCE: U.S. BUREAU OF LABOR STATISTICS, MAY 1999.
HOURLY COMPENSATION COSTS FOR PRODUCTION WORKERS IN U.S. DOLLARS
                                                                                                          PAGE  94
ELECTRONIC EQUIPMENT MANUFACTURING (US SIC 365-367)
1975 AND 1986-96
---------------------------------------------------------------------------------------------------------------------
COUNTRY OR AREA       1975    1986    1987    1988    1989    1990    1991    1992    1993    1994    1995    1996
---------------------------------------------------------------------------------------------------------------------
ELECTRONIC EQUIPMENT MANUFACTURING (US SIC 365-367)
UNITED STATES           ..      ..      ..   13.20   13.55   14.04   14.85   15.33   15.80   16.03   15.97   16.48
HONG KONG SAR (1)      .62    1.69    1.93    2.09    2.60    2.80    3.13    3.68    4.63    5.11    5.11    5.75
JAPAN (1)             2.55    7.59    9.14   10.74   10.85   11.31   12.95   14.87   17.71   20.13   23.07   20.40
KOREA                   ..    1.26    1.53    2.09    3.11    3.50    4.20    4.59      ..      ..      ..      ..
TAIWAN (1)             .42    1.48    1.92    2.34    3.04    3.34    3.71    4.30    4.55    4.92    5.32    5.48
SPAIN                   ..      ..      ..      ..   10.11   12.73   13.64   14.99   12.88   12.60   14.27   14.00
HOUSEHOLD AUDIO AND VIDEO EQUIPMENT (US SIC 365)
UNITED STATES         5.57   13.39   12.92   13.23   13.41   13.77   14.93   15.61   15.68   16.14   15.19   14.55
JAPAN (1)             2.63    7.44    8.85   10.74   10.93   11.46   13.00   15.15   18.29   20.77   23.57   21.12
KOREA                  .29    1.19    1.42    2.03    3.07    3.45    4.14    4.52      ..      ..      ..      ..
ELECTRONIC COMPONENTS AND ACCESSORIES (US SIC 367)
UNITED STATES         5.06   11.75   12.17   12.56   12.93   13.62   14.43   15.08   15.62   15.60   15.79   16.38
JAPAN (1)             2.46    7.67    9.31   10.75   10.82   11.22   12.80   14.57   17.24   19.65   22.66   19.85
KOREA                   ..    1.28    1.64    2.17    3.28    3.68    4.42    4.83      ..      ..      ..      ..
TAIWAN                  ..    1.51    1.99    2.45    3.14    3.45    3.80    4.39    4.72    5.10    5.62    5.81
---------------------------------------------------------------------------------------------------------------------
(1) INDUSTRY NOTES:
HONG KONG: INCLUDING ELECTRONIC OFFICE EQUIPMENT & COMPUTERS.
HONG KONG SPECIAL ADMINISTRATIVE REGION OF CHINA.
JAPAN: BREAKS IN SERIES AT 1990 AND 1991.  FOR HOUSEHOLD AUDIO
AND VIDEO EQUIP (US SIC 365), INCLUDES COMMUNICATION (TRANS-
MITTING) EQUIPMENT (US SIC 366).
TAIWAN: INCLUDING ELECTRONIC OFFICE EQUIPMENT & COMPUTERS.


SOURCE: U.S. BUREAU OF LABOR STATISTICS, MAY 1999.
HOURLY COMPENSATION COSTS FOR PRODUCTION WORKERS IN NATIONAL CURRENCY
                                                                                                          PAGE  95
ELECTRONIC EQUIPMENT MANUFACTURING (US SIC 365-367)
1975 AND 1986-96
---------------------------------------------------------------------------------------------------------------------
COUNTRY OR AREA       1975    1986    1987    1988    1989    1990    1991    1992    1993    1994    1995    1996
---------------------------------------------------------------------------------------------------------------------
ELECTRONIC EQUIPMENT MANUFACTURING (US SIC 365-367)
UNITED STATES           ..      ..      ..   13.20   13.55   14.04   14.85   15.33   15.80   16.03   15.97   16.48
HONG KONG SAR (1)     3.06   13.16   15.05   16.31   20.31   21.84   24.29   28.49   35.78   39.51   39.51   44.46
JAPAN (1)              757    1277    1321    1377    1499    1639    1743    1885    1967    2057    2168    2219
KOREA                   ..    1110    1262    1527    2091    2479    3083    3587      ..      ..      ..      ..
TAIWAN (1)           16.06   55.94   61.20   66.85   80.16   89.96   99.24  108.29  120.11  130.35  140.99  150.67
SPAIN                   ..      ..      ..      ..    1197    1299    1419    1535    1642    1687    1778    1774
HOUSEHOLD AUDIO AND VIDEO EQUIPMENT (US SIC 365)
UNITED STATES         5.57   13.39   12.92   13.23   13.41   13.77   14.93   15.61   15.68   16.14   15.19   14.55
JAPAN (1)              779    1253    1280    1377    1509    1662    1750    1922    2032    2122    2214    2298
KOREA                  141    1045    1171    1487    2059    2441    3035    3531      ..      ..      ..      ..
ELECTRONIC COMPONENTS AND ACCESSORIES (US SIC 367)
UNITED STATES         5.06   11.75   12.17   12.56   12.93   13.62   14.43   15.08   15.62   15.60   15.79   16.38
JAPAN (1)              731    1292    1347    1378    1494    1627    1722    1847    1915    2008    2129    2159
KOREA                   ..    1131    1347    1589    2199    2607    3242    3771      ..      ..      ..      ..
TAIWAN                  ..   57.17   63.43   70.02   82.93   92.80  101.67  110.33  124.58  134.92  148.94  159.58
---------------------------------------------------------------------------------------------------------------------
(1) INDUSTRY NOTES:
HONG KONG: INCLUDING ELECTRONIC OFFICE EQUIPMENT & COMPUTERS.
HONG KONG SPECIAL ADMINISTRATIVE REGION OF CHINA.
JAPAN: BREAKS IN SERIES AT 1990 AND 1991.  FOR HOUSEHOLD AUDIO
AND VIDEO EQUIP (US SIC 365), INCLUDES COMMUNICATION (TRANS-
MITTING) EQUIPMENT (US SIC 366).
TAIWAN: INCLUDING ELECTRONIC OFFICE EQUIPMENT & COMPUTERS.


SOURCE: U.S. BUREAU OF LABOR STATISTICS, MAY 1999.
HOURLY COMPENSATION COSTS FOR PRODUCTION WORKERS: INDEX U.S. = 100
                                                                                                          PAGE  96
TRANSPORTATION EQUIPMENT MANUFACTURING (US SIC 37)
1975 AND 1986-96
---------------------------------------------------------------------------------------------------------------------
COUNTRY OR AREA       1975    1986    1987    1988    1989    1990    1991    1992    1993    1994    1995    1996
---------------------------------------------------------------------------------------------------------------------
UNITED STATES          100     100     100     100     100     100     100     100     100     100     100     100
CANADA                  ..      70      75      83      87      89      92      88      83      79      80      79
MEXICO                  ..      10       9      10      10      12      12      15      16      16      10       9
AUSTRALIA               67      47      52      59      62      62      59      57      51      56      ..      ..
ISRAEL                  33      44      55      65      62      65      64      65      61      53      60      62
JAPAN                   43      63      73      84      78      75      81      88     100     107     118     101
KOREA                    5      11      12      17      24      27      30      32      32      35      42      47
TAIWAN                   6      12      15      19      24      26      27      30      29      28      29      28
AUSTRIA (1)             --      --      --      --      --      --      --      --      --      --      --      --
BELGIUM                 86      74      90      90      84      98      96     103      97     100      ..      ..
DENMARK                 80      61      81      82      76      90      86      92      83      ..      ..      ..
FINLAND                 61      67      82      88      91     104      99      88      74      80     104      98
FRANCE                  60      62      72      73      69      81      76      82      75      76      86      84
GERMANY (1)             87      89     112     117     111     130     127     139     135     143     169     164
GREECE                  25      28      31      36      38      45      42      43      38      42      50      51
IRELAND                 46      52      60      64      58      69      67      72      61      61      66      67
ITALY                   60      60      74      77      76      88      87      87      68      66      68      72
NETHERLANDS             80      64      78      80      74      83      77      83      78      76      ..      ..
SPAIN                   ..      ..      ..      ..      59      72      72      76      66      62      68      67
SWEDEN (1)              89      69      83      90      90     102     102     108      74      75      89      97
UNITED KINGDOM          47      48      57      63      62      72      75      75      63      63      66      66
---------------------------------------------------------------------------------------------------------------------
(1) INDUSTRY NOTES:
AUSTRIA: EXCLUDING SHIPBUILDING & SOME RAILROAD EQUIPMENT.
GERMANY: FORMER WEST GERMANY.
SWEDEN: BREAK IN SERIES AT 1994.


SOURCE: U.S. BUREAU OF LABOR STATISTICS, MAY 1999.
HOURLY COMPENSATION COSTS FOR PRODUCTION WORKERS IN U.S. DOLLARS
                                                                                                          PAGE  97
TRANSPORTATION EQUIPMENT MANUFACTURING (US SIC 37)
1975 AND 1986-96
---------------------------------------------------------------------------------------------------------------------
COUNTRY OR AREA       1975    1986    1987    1988    1989    1990    1991    1992    1993    1994    1995    1996
---------------------------------------------------------------------------------------------------------------------
UNITED STATES         8.58   18.45   18.58   19.07   19.71   20.78   22.21   23.03   23.95   24.88   24.93   25.48
CANADA                  ..   12.98   13.95   15.83   17.15   18.42   20.38   20.18   19.79   19.64   19.94   20.06
MEXICO                  ..    1.86    1.60    1.93    2.03    2.44    2.76    3.45    3.83    3.87    2.40    2.36
AUSTRALIA             5.79    8.71    9.60   11.28   12.15   12.93   13.17   13.14   12.22   13.92      ..      ..
ISRAEL                2.83    8.16   10.15   12.37   12.14   13.42   14.29   14.95   14.52   13.29   14.85   15.91
JAPAN                 3.65   11.65   13.64   16.05   15.38   15.60   18.07   20.17   24.02   26.52   29.32   25.82
KOREA                  .46    1.95    2.22    3.23    4.67    5.64    6.72    7.26    7.58    8.74   10.50   12.04
TAIWAN                 .54    2.27    2.87    3.61    4.66    5.32    5.98    6.80    6.91    7.03    7.31    7.24
AUSTRIA (1)           4.96   11.72   15.17   15.76   15.46   18.88   19.33   21.60   21.32   23.19   27.32   26.46
BELGIUM               7.37   13.61   16.72   17.08   16.49   20.46   21.30   23.69   23.18   24.93      ..      ..
DENMARK               6.90   11.34   15.12   15.63   14.92   18.67   19.08   21.19   19.78      ..      ..      ..
FINLAND               5.23   12.36   15.23   16.81   17.88   21.67   21.98   20.38   17.69   19.91   25.84   24.90
FRANCE                5.12   11.35   13.33   14.00   13.66   16.78   16.90   18.86   18.04   19.00   21.55   21.44
GERMANY (1)           7.49   16.47   20.84   22.35   21.79   27.06   28.20   32.07   32.38   35.52   42.20   41.88
GREECE                2.13    5.15    5.80    6.84    7.44    9.27    9.33    9.85    9.22   10.36   12.48   13.11
IRELAND               3.95    9.60   11.17   12.26   11.52   14.40   14.88   16.55   14.62   15.19   16.51   16.97
ITALY                 5.17   11.14   13.83   14.71   15.07   18.23   19.25   20.02   16.32   16.35   16.90   18.47
NETHERLANDS           6.86   11.72   14.51   15.23   14.50   17.18   17.12   19.07   18.73   18.86      ..      ..
SPAIN                   ..      ..      ..      ..   11.62   14.89   15.99   17.60   15.79   15.40   16.99   17.13
SWEDEN (1)            7.66   12.75   15.46   17.14   17.83   21.15   22.59   24.82   17.61   18.73   22.18   24.83
UNITED KINGDOM        4.03    8.81   10.58   12.07   12.14   14.95   16.55   17.33   14.98   15.56   16.56   16.92
---------------------------------------------------------------------------------------------------------------------
(1) INDUSTRY NOTES:
AUSTRIA: EXCLUDING SHIPBUILDING & SOME RAILROAD EQUIPMENT.
GERMANY: FORMER WEST GERMANY.
SWEDEN: BREAK IN SERIES AT 1994.


SOURCE: U.S. BUREAU OF LABOR STATISTICS, MAY 1999.
HOURLY COMPENSATION COSTS FOR PRODUCTION WORKERS IN NATIONAL CURRENCY
                                                                                                          PAGE  98
TRANSPORTATION EQUIPMENT MANUFACTURING (US SIC 37)
1975 AND 1986-96
---------------------------------------------------------------------------------------------------------------------
COUNTRY OR AREA       1975    1986    1987    1988    1989    1990    1991    1992    1993    1994    1995    1996
---------------------------------------------------------------------------------------------------------------------
UNITED STATES         8.58   18.45   18.58   19.07   19.71   20.78   22.21   23.03   23.95   24.88   24.93   25.48
CANADA                  ..   18.04   18.50   19.49   20.30   21.49   23.35   24.40   25.52   26.83   27.38   27.36
MEXICO                  ..    1140    2199    4390    4985    6854    8317   10684   11.94   13.07   15.44   17.90
AUSTRALIA             4.42   12.98   13.69   14.38   15.34   16.56   16.92   17.87   17.98   19.03      ..      ..
ISRAEL                1.81   12.14   16.19   19.78   23.26   27.06   32.56   36.77   41.10   40.03   44.72   52.33
JAPAN                 1084    1963    1973    2057    2124    2263    2433    2558    2669    2710    2755    2809
KOREA                  225    1723    1825    2366    3135    3993    4929    5665    6088    7024    8096    9689
TAIWAN               20.35   85.85   91.29  103.19  123.02  143.26  159.89  171.17  182.58  186.19  193.75  198.91
AUSTRIA (1)          86.28  178.82  191.92  194.79  204.66  213.95  225.94  237.34  248.19  264.57  275.35  280.26
BELGIUM             270.31  607.73  624.81  628.22  649.83  683.88  728.36  761.57  801.70  833.25      ..      ..
DENMARK              39.58   91.80  103.52  105.39  109.21  115.56  122.16  127.93  128.28      ..      ..      ..
FINLAND              19.18   62.70   67.08   70.49   76.81   83.01   89.07   91.46  101.30  104.20  113.09  114.41
FRANCE               21.94   78.58   80.16   83.40   87.12   91.42   95.44   99.86  102.22  105.40  107.46  109.68
GERMANY (1)          18.38   35.75   37.46   39.27   40.98   43.75   46.84   50.09   53.59   57.62   60.43   63.02
GREECE                  69     721     786     970    1209    1469    1701    1877    2114    2513    2891    3154
IRELAND               1.78    7.16    7.51    8.03    8.12    8.69    9.22    9.71    9.98   10.15   10.30   10.61
ITALY                 3373   16615   17934   19151   20679   21840   23886   24670   25668   26335   27523   28495
NETHERLANDS          17.32   28.70   29.39   30.12   30.76   31.30   32.05   33.54   34.79   34.30      ..      ..
SPAIN                   ..      ..      ..      ..    1376    1519    1663    1802    2013    2062    2117    2171
SWEDEN (1)           31.71   90.88   98.13  105.22  115.13  125.29  136.71  144.61  137.26  144.53  158.42  166.54
UNITED KINGDOM        1.81    6.00    6.45    6.78    7.41    8.38    9.37    9.81    9.98   10.15   10.49   10.84
---------------------------------------------------------------------------------------------------------------------
(1) INDUSTRY NOTES:
AUSTRIA: EXCLUDING SHIPBUILDING & SOME RAILROAD EQUIPMENT.
GERMANY: FORMER WEST GERMANY.
SWEDEN: BREAK IN SERIES AT 1994.


SOURCE: U.S. BUREAU OF LABOR STATISTICS, MAY 1999.
HOURLY COMPENSATION COSTS FOR PRODUCTION WORKERS: INDEX U.S. = 100
                                                                                                          PAGE  99
MOTOR VEHICLES AND EQUIPMENT MANUFACTURING (US SIC 371)
1975 AND 1986-96
---------------------------------------------------------------------------------------------------------------------
COUNTRY OR AREA       1975    1986    1987    1988    1989    1990    1991    1992    1993    1994    1995    1996
---------------------------------------------------------------------------------------------------------------------
UNITED STATES          100     100     100     100     100     100     100     100     100     100     100     100
CANADA                  ..      66      71      79      83      85      86      85      81      77      78      77
MEXICO                  ..      10       8       9       9      11      12      15      16      15       9       9
AUSTRALIA (1)           --      --      --      --      --      --      --      --      --      --      --      --
JAPAN (1)               37      59      68      79      73      70      74      81      94      99     110      95
KOREA                    4       9      10      15      21      24      27      29      29      33      41      45
TAIWAN                   7      11      14      17      19      21      24      27      26      25      27      25
BELGIUM                 75      67      82      83      77      91      87      96      90      93      ..      ..
DENMARK                 61      53      69      70      64      76      72      78      71      ..      ..      ..
FRANCE                  53      55      63      65      62      73      68      74      69      70      80      78
GERMANY (1)             81      83     104     109     103     122     118     132     130     137     163     158
IRELAND                 39      42      53      59      52      62      56      61      54      54      61      61
ITALY                   54      55      67      70      70      81      80      83      65      63      65      69
NETHERLANDS             70      55      67      69      63      71      66      72      69      67      ..      ..
SPAIN                   ..      ..      ..      ..      55      67      66      72      63      58      64      62
SWEDEN                  78      63      76      82      83      94      93     100      69      ..      ..      ..
UNITED KINGDOM          43      44      52      58      57      66      69      71      59      59      62      61
---------------------------------------------------------------------------------------------------------------------
(1) INDUSTRY NOTES:
AUSTRALIA: TRANSPORTATION EQUIPMENT.
JAPAN: INCLUDING MOTORCYCLE MANUFACTURING.
BREAKS IN SERIES AT 1990 AND 1991.
GERMANY: FORMER WEST GERMANY.


SOURCE: U.S. BUREAU OF LABOR STATISTICS, MAY 1999.
HOURLY COMPENSATION COSTS FOR PRODUCTION WORKERS IN U.S. DOLLARS
                                                                                                          PAGE 100
MOTOR VEHICLES AND EQUIPMENT MANUFACTURING (US SIC 371)
1975 AND 1986-96
---------------------------------------------------------------------------------------------------------------------
COUNTRY OR AREA       1975    1986    1987    1988    1989    1990    1991    1992    1993    1994    1995    1996
---------------------------------------------------------------------------------------------------------------------
UNITED STATES         9.55   20.09   20.40   20.80   21.39   22.48   24.28   24.70   25.52   26.64   26.55   27.23
CANADA                  ..   13.32   14.45   16.35   17.84   19.05   21.00   20.89   20.67   20.60   20.74   21.06
MEXICO                  ..    1.93    1.61    1.96    2.03    2.50    2.90    3.62    3.98    4.05    2.51    2.46
AUSTRALIA (1)         5.79    8.71    9.60   11.28   12.15   12.93   13.17   13.14   12.22   13.92      ..      ..
JAPAN (1)             3.56   11.80   13.83   16.36   15.60   15.68   17.99   20.05   24.05   26.49   29.25   25.86
KOREA                  .41    1.80    2.04    3.07    4.54    5.48    6.53    7.05    7.37    8.83   10.85   12.36
TAIWAN                 .64    2.23    2.83    3.50    4.16    4.76    5.72    6.57    6.64    6.76    7.06    6.87
BELGIUM               7.16   13.52   16.80   17.18   16.48   20.39   21.23   23.62   23.08   24.81      ..      ..
DENMARK               5.78   10.59   14.05   14.49   13.67   17.05   17.56   19.27   18.11      ..      ..      ..
FRANCE                5.10   11.06   12.93   13.54   13.28   16.37   16.53   18.36   17.67   18.63   21.18   21.14
GERMANY (1)           7.77   16.68   21.13   22.68   22.13   27.47   28.64   32.69   33.05   36.46   43.32   42.98
IRELAND               3.73    8.53   10.73   12.18   11.22   13.99   13.58   15.08   13.77   14.28   16.22   16.66
ITALY                 5.16   11.02   13.65   14.51   15.00   18.29   19.45   20.41   16.63   16.67   17.21   18.80
NETHERLANDS           6.72   10.99   13.70   14.38   13.55   16.02   15.94   17.90   17.66   17.77      ..      ..
SPAIN                   ..      ..      ..      ..   11.76   15.07   16.04   17.69   16.01   15.34   16.87   16.97
SWEDEN                7.44   12.75   15.43   17.13   17.79   21.13   22.61   24.81   17.61      ..      ..      ..
UNITED KINGDOM        4.12    8.77   10.61   12.08   12.26   14.93   16.66   17.53   15.05   15.68   16.50   16.73
---------------------------------------------------------------------------------------------------------------------
(1) INDUSTRY NOTES:
AUSTRALIA: TRANSPORTATION EQUIPMENT.
JAPAN: INCLUDING MOTORCYCLE MANUFACTURING.
BREAKS IN SERIES AT 1990 AND 1991.
GERMANY: FORMER WEST GERMANY.


SOURCE: U.S. BUREAU OF LABOR STATISTICS, MAY 1999.
HOURLY COMPENSATION COSTS FOR PRODUCTION WORKERS IN NATIONAL CURRENCY
                                                                                                          PAGE 101
MOTOR VEHICLES AND EQUIPMENT MANUFACTURING (US SIC 371)
1975 AND 1986-96
---------------------------------------------------------------------------------------------------------------------
COUNTRY OR AREA       1975    1986    1987    1988    1989    1990    1991    1992    1993    1994    1995    1996
---------------------------------------------------------------------------------------------------------------------
UNITED STATES         9.55   20.09   20.40   20.80   21.39   22.48   24.28   24.70   25.52   26.64   26.55   27.23
CANADA                  ..   18.52   19.16   20.13   21.13   22.23   24.07   25.26   26.66   28.14   28.47   28.73
MEXICO                  ..    1181    2220    4453    4988    7044    8754   11212   12.39   13.67   16.11   18.68
AUSTRALIA (1)         4.42   12.98   13.69   14.38   15.34   16.56   16.92   17.87   17.98   19.03      ..      ..
JAPAN (1)             1055    1987    2000    2098    2154    2273    2421    2542    2672    2708    2748    2814
KOREA                  201    1585    1680    2245    3046    3879    4788    5504    5913    7096    8367    9943
TAIWAN               24.31   84.41   90.07  100.09  109.99  128.17  153.04  165.32  175.45  178.82  187.09  188.69
BELGIUM             262.80  603.62  627.61  631.82  649.55  681.30  726.01  759.52  798.19  829.51      ..      ..
DENMARK              33.14   85.71   96.20   97.69  100.09  105.55  112.43  116.34  117.48      ..      ..      ..
FRANCE               21.83   76.58   77.72   80.69   84.75   89.17   93.37   97.20  100.16  103.31  105.59  108.13
GERMANY (1)          19.07   36.20   37.99   39.84   41.63   44.42   47.57   51.06   54.70   59.14   62.03   64.69
IRELAND               1.68    6.36    7.21    7.98    7.91    8.44    8.41    8.85    9.40    9.54   10.12   10.42
ITALY                 3367   16438   17707   18898   20583   21908   24142   25140   26161   26849   28032   29016
NETHERLANDS          16.95   26.89   27.76   28.45   28.75   29.18   29.85   31.48   32.81   32.33      ..      ..
SPAIN                   ..      ..      ..      ..    1393    1537    1669    1812    2041    2054    2103    2150
SWEDEN               30.82   90.85   97.91  105.12  114.87  125.16  136.85  144.55  137.30      ..      ..      ..
UNITED KINGDOM        1.85    5.98    6.47    6.78    7.49    8.37    9.43    9.93   10.02   10.24   10.45   10.72
---------------------------------------------------------------------------------------------------------------------
(1) INDUSTRY NOTES:
AUSTRALIA: TRANSPORTATION EQUIPMENT.
JAPAN: INCLUDING MOTORCYCLE MANUFACTURING.
BREAKS IN SERIES AT 1990 AND 1991.
GERMANY: FORMER WEST GERMANY.


SOURCE: U.S. BUREAU OF LABOR STATISTICS, MAY 1999.
HOURLY COMPENSATION COSTS FOR PRODUCTION WORKERS: INDEX U.S. = 100
                                                                                                          PAGE 102
AIRCRAFT, SPACE VEHICLES, AND PARTS MANUFACTURING (US SIC 372 & 376)
1975 AND 1986-96
---------------------------------------------------------------------------------------------------------------------
COUNTRY OR AREA       1975    1986    1987    1988    1989    1990    1991    1992    1993    1994    1995    1996
---------------------------------------------------------------------------------------------------------------------
UNITED STATES          100     100     100     100     100     100     100     100     100     100     100     100
CANADA                  ..      72      75      82      84      86      91      83      76      73      75      72
TAIWAN                  ..      26      32      42      47      48      47      56      51      49      49      47
FRANCE                  72      79      92      94      86      98      92      97      88      90     102      97
GERMANY (1)             87      89     110     111     105     122     120     124     116     119     144     139
ITALY                   64      61      75      79      75      83      80      76      59      58      60      63
NETHERLANDS (1)         --      --      --      --      --      --      --      --      --      --      --      --
UNITED KINGDOM          46      52      60      68      64      73      76      75      62      63      68      ..
---------------------------------------------------------------------------------------------------------------------
(1) INDUSTRY NOTES:
GERMANY: FORMER WEST GERMANY.
NETHERLANDS: TRANSPORTATION EQUIPMENT.


SOURCE: U.S. BUREAU OF LABOR STATISTICS, MAY 1999.
HOURLY COMPENSATION COSTS FOR PRODUCTION WORKERS IN U.S. DOLLARS
                                                                                                          PAGE 103
AIRCRAFT, SPACE VEHICLES, AND PARTS MANUFACTURING (US SIC 372 & 376)
1975 AND 1986-96
---------------------------------------------------------------------------------------------------------------------
COUNTRY OR AREA       1975    1986    1987    1988    1989    1990    1991    1992    1993    1994    1995    1996
---------------------------------------------------------------------------------------------------------------------
UNITED STATES         8.25   18.05   18.41   19.03   20.03   21.42   22.81   24.32   25.47   26.14   26.11   26.81
CANADA                  ..   12.94   13.74   15.65   16.89   18.36   20.74   20.22   19.43   18.97   19.59   19.41
TAIWAN                  ..    4.67    5.84    7.97    9.48   10.30   10.82   13.66   13.10   12.70   12.90   12.71
FRANCE                5.92   14.24   16.96   17.87   17.23   21.05   21.03   23.67   22.34   23.54   26.51   26.07
GERMANY (1)           7.19   16.04   20.24   21.08   21.06   26.23   27.29   30.23   29.59   31.06   37.56   37.19
ITALY                 5.24   11.04   13.89   14.97   14.96   17.68   18.18   18.45   15.03   15.05   15.56   17.02
NETHERLANDS (1)       6.86   11.72   14.51   15.23   14.50   17.18   17.12   19.07   18.73   18.86      ..      ..
UNITED KINGDOM        3.81    9.30   10.96   12.85   12.83   15.66   17.35   18.19   15.89   16.37   17.64      ..
---------------------------------------------------------------------------------------------------------------------
(1) INDUSTRY NOTES:
GERMANY: FORMER WEST GERMANY.
NETHERLANDS: TRANSPORTATION EQUIPMENT.


SOURCE: U.S. BUREAU OF LABOR STATISTICS, MAY 1999.
HOURLY COMPENSATION COSTS FOR PRODUCTION WORKERS IN NATIONAL CURRENCY
                                                                                                          PAGE 104
AIRCRAFT, SPACE VEHICLES, AND PARTS MANUFACTURING (US SIC 372 & 376)
1975 AND 1986-96
---------------------------------------------------------------------------------------------------------------------
COUNTRY OR AREA       1975    1986    1987    1988    1989    1990    1991    1992    1993    1994    1995    1996
---------------------------------------------------------------------------------------------------------------------
UNITED STATES         8.25   18.05   18.41   19.03   20.03   21.42   22.81   24.32   25.47   26.14   26.11   26.81
CANADA                  ..   17.99   18.22   19.26   19.99   21.43   23.77   24.45   25.07   25.91   26.89   26.48
TAIWAN                  ..  176.54  186.07  227.79  250.31  277.23  289.46  343.71  346.05  336.25  341.89  349.14
FRANCE               25.35   98.65  101.93  106.48  109.92  114.66  118.74  125.29  126.62  130.54  132.17  133.37
GERMANY (1)          17.65   34.80   36.40   37.04   39.62   42.41   45.33   47.21   48.96   50.38   53.78   55.97
ITALY                 3416   16465   18016   19490   20524   21177   22561   22726   23641   24249   25347   26264
NETHERLANDS (1)      17.32   28.70   29.39   30.12   30.76   31.30   32.05   33.54   34.79   34.30      ..      ..
UNITED KINGDOM        1.71    6.34    6.68    7.22    7.83    8.78    9.82   10.30   10.58   10.69   11.18      ..
---------------------------------------------------------------------------------------------------------------------
(1) INDUSTRY NOTES:
GERMANY: FORMER WEST GERMANY.
NETHERLANDS: TRANSPORTATION EQUIPMENT.


SOURCE: U.S. BUREAU OF LABOR STATISTICS, MAY 1999.
HOURLY COMPENSATION COSTS FOR PRODUCTION WORKERS: INDEX U.S. = 100
                                                                                                          PAGE 105
SHIP AND BOAT BUILDING AND REPAIRING (US SIC 373)
1975 AND 1986-96
---------------------------------------------------------------------------------------------------------------------
COUNTRY OR AREA       1975    1986    1987    1988    1989    1990    1991    1992    1993    1994    1995    1996
---------------------------------------------------------------------------------------------------------------------
UNITED STATES          100     100     100     100     100     100     100     100     100     100     100     100
CANADA                  ..      74      75      87      97     104     106     100      87      ..      ..      82
HONG KONG SAR (1)       15      17      17      21      23      24      27      28      ..      ..      ..      ..
JAPAN (1)               57      77      88     102      99      96     107     116     128     143     158     136
KOREA                    9      15      18      27      35      40      45      46      ..      ..      ..      ..
TAIWAN                   8      19      25      30      43      48      50      55      55      58      62      64
BELGIUM                128      94     118     116     110     132     127     134     123     133      ..      ..
DENMARK                103      80     109     113     106     126     119     126     113      ..      ..      ..
FINLAND                 84      88     109     122     128     144     139     120      98     112     146     139
FRANCE                  75      78      94      97      91     105      97     103      94     100     111     109
GERMANY (1)            105     102     131     138     132     155     151     162     161     169     200     185
GREECE (1)              --      --      --      --      --      --      --      --      --      --      --      --
ITALY                   80      75      96     101     101     115     113     110      87      88      90      97
NETHERLANDS            103      82     105     109     103     116     108     114     107     109      ..      ..
NORWAY                  ..      94     126     134     130     138     130     139     121     126     143     142
SWEDEN                 118      88     108     117     120     135     135     140      96      ..      ..      ..
UNITED KINGDOM          58      58      69      76      75      89      90      89      75      ..      ..      ..
---------------------------------------------------------------------------------------------------------------------
(1) INDUSTRY NOTES:
HONG KONG: HONG KONG SPECIAL ADMINISTRATIVE REGION OF CHINA.
JAPAN: BREAKS IN SERIES AT 1990 AND 1991.
GERMANY: FORMER WEST GERMANY.
GREECE: TRANSPORTATION EQUIPMENT.


SOURCE: U.S. BUREAU OF LABOR STATISTICS, MAY 1999.
HOURLY COMPENSATION COSTS FOR PRODUCTION WORKERS IN U.S. DOLLARS
                                                                                                          PAGE 106
SHIP AND BOAT BUILDING AND REPAIRING (US SIC 373)
1975 AND 1986-96
---------------------------------------------------------------------------------------------------------------------
COUNTRY OR AREA       1975    1986    1987    1988    1989    1990    1991    1992    1993    1994    1995    1996
---------------------------------------------------------------------------------------------------------------------
UNITED STATES         6.84   14.72   14.36   14.52   14.82   15.56   16.66   17.58   18.26   18.09   18.24   18.39
CANADA                  ..   10.88   10.75   12.58   14.42   16.18   17.69   17.53   15.93      ..      ..   15.00
HONG KONG SAR (1)     1.05    2.47    2.46    3.10    3.40    3.78    4.45    4.85      ..      ..      ..      ..
JAPAN (1)             3.92   11.37   12.57   14.83   14.62   14.96   17.75   20.38   23.40   25.88   28.90   25.09
KOREA                  .59    2.23    2.63    3.87    5.17    6.24    7.44    8.03      ..      ..      ..      ..
TAIWAN                 .57    2.79    3.52    4.37    6.36    7.50    8.31    9.70   10.02   10.44   11.36   11.81
BELGIUM               8.75   13.87   16.89   16.89   16.32   20.54   21.10   23.47   22.43   24.04      ..      ..
DENMARK               7.04   11.73   15.69   16.37   15.67   19.57   19.88   22.19   20.66      ..      ..      ..
FINLAND               5.73   12.89   15.67   17.73   18.97   22.48   23.10   21.12   17.96   20.28   26.55   25.49
FRANCE                5.13   11.50   13.52   14.09   13.49   16.36   16.23   18.14   17.12   18.04   20.31   19.99
GERMANY (1)           7.19   14.96   18.80   20.08   19.53   24.13   25.18   28.50   29.48   30.58   36.39   34.04
GREECE (1)            2.13    5.15    5.80    6.84    7.44    9.27    9.33    9.85    9.22   10.36   12.48   13.11
ITALY                 5.47   11.04   13.73   14.65   14.90   17.89   18.81   19.42   15.80   15.83   16.37   17.89
NETHERLANDS           7.07   12.14   15.08   15.78   15.23   17.99   17.97   20.07   19.60   19.74      ..      ..
NORWAY                  ..   13.88   18.10   19.51   19.24   21.46   21.68   24.43   22.05   22.77   26.06   26.19
SWEDEN                8.08   12.92   15.57   17.04   17.75   20.95   22.56   24.62   17.50      ..      ..      ..
UNITED KINGDOM        3.99    8.48    9.85   11.04   11.11   13.89   15.00   15.70   13.73      ..      ..      ..
---------------------------------------------------------------------------------------------------------------------
(1) INDUSTRY NOTES:
HONG KONG: HONG KONG SPECIAL ADMINISTRATIVE REGION OF CHINA.
JAPAN: BREAKS IN SERIES AT 1990 AND 1991.
GERMANY: FORMER WEST GERMANY.
GREECE: TRANSPORTATION EQUIPMENT.


SOURCE: U.S. BUREAU OF LABOR STATISTICS, MAY 1999.
HOURLY COMPENSATION COSTS FOR PRODUCTION WORKERS IN NATIONAL CURRENCY
                                                                                                          PAGE 107
SHIP AND BOAT BUILDING AND REPAIRING (US SIC 373)
1975 AND 1986-96
---------------------------------------------------------------------------------------------------------------------
COUNTRY OR AREA       1975    1986    1987    1988    1989    1990    1991    1992    1993    1994    1995    1996
---------------------------------------------------------------------------------------------------------------------
UNITED STATES         6.84   14.72   14.36   14.52   14.82   15.56   16.66   17.58   18.26   18.09   18.24   18.39
CANADA                  ..   15.13   14.25   15.49   17.07   18.88   20.27   21.19   20.55      ..      ..   20.45
HONG KONG SAR (1)     5.19   19.29   19.15   24.21   26.51   29.42   34.55   37.53      ..      ..      ..      ..
JAPAN (1)             1164    1915    1818    1902    2019    2169    2389    2584    2600    2645    2715    2730
KOREA                  285    1970    2166    2833    3470    4418    5454    6270      ..      ..      ..      ..
TAIWAN               21.60  105.60  112.08  125.00  167.92  201.97  222.40  244.16  264.71  276.39  300.92  324.37
BELGIUM             321.15  619.51  630.94  621.12  643.13  686.43  721.53  754.49  775.67  803.55      ..      ..
DENMARK              40.36   94.97  107.42  110.32  114.70  121.12  127.34  133.96  133.99      ..      ..      ..
FINLAND              21.01   65.38   68.99   74.35   81.51   86.10   93.62   94.76  102.80  106.12  116.17  117.12
FRANCE               21.96   79.63   81.30   83.95   86.05   89.12   91.65   96.03   97.01  100.05  101.28  102.25
GERMANY (1)          17.65   32.46   33.80   35.28   36.73   39.01   41.83   44.52   48.79   49.60   52.11   51.23
GREECE (1)              69     721     786     970    1209    1469    1701    1877    2114    2513    2891    3154
ITALY                 3568   16454   17812   19081   20437   21438   23338   23920   24856   25496   26669   27597
NETHERLANDS          17.85   29.72   30.55   31.21   32.32   32.78   33.64   35.30   36.42   35.91      ..      ..
NORWAY                  ..  102.65  121.98  127.30  133.03  134.22  140.73  151.81  156.51  160.64  165.09  169.14
SWEDEN               33.47   92.07   98.80  104.60  114.59  124.10  136.54  143.41  136.46      ..      ..      ..
UNITED KINGDOM        1.79    5.78    6.01    6.20    6.78    7.79    8.49    8.89    9.15      ..      ..      ..
---------------------------------------------------------------------------------------------------------------------
(1) INDUSTRY NOTES:
HONG KONG: HONG KONG SPECIAL ADMINISTRATIVE REGION OF CHINA.
JAPAN: BREAKS IN SERIES AT 1990 AND 1991.
GERMANY: FORMER WEST GERMANY.
GREECE: TRANSPORTATION EQUIPMENT.


SOURCE: U.S. BUREAU OF LABOR STATISTICS, MAY 1999.
HOURLY COMPENSATION COSTS FOR PRODUCTION WORKERS: INDEX U.S. = 100
                                                                                                          PAGE 108
INSTRUMENTS AND RELATED PRODUCTS MANUFACTURING (US SIC 38)
1975 AND 1986-96
---------------------------------------------------------------------------------------------------------------------
COUNTRY OR AREA       1975    1986    1987    1988    1989    1990    1991    1992    1993    1994    1995    1996
---------------------------------------------------------------------------------------------------------------------
UNITED STATES                                  100     100     100     100     100     100     100     100     100
HONG KONG SAR (1)                               15      17      18      19      21      22      25      26      26
JAPAN                                           86      84      83      88      94     108     122     135     115
KOREA                                           15      21      25      28      30      31      34      39      39
TAIWAN                                          16      20      21      21      25      25      27      26      27
BELGIUM                                         99      95     114     114     121     115     125      ..      ..
DENMARK                                         97      91     106     104     115     101      ..      ..      ..
FRANCE                                          83      80      93      91     100      93      96     106     103
GERMANY (1)                                    112     106     124     123     135     131     136     159     154
IRELAND                                         67      61      72      69      74      67      70      75      73
ITALY                                           90      90     104     106     108      85      84      85      90
SPAIN                                           ..      62      77      80      87      70      68      74      76
SWEDEN                                         106     106     121     120     134      92      ..      ..      ..
SWITZERLAND (1)                                 --      --      --      --      --      --      --      --      --
UNITED KINGDOM                                  72      72      78      82      83      69      70      76      75
---------------------------------------------------------------------------------------------------------------------
(1) INDUSTRY NOTES:
HONG KONG: PHOTOGRAPHIC & OPTICAL GOODS; WATCHES & CLOCKS.
HONG KONG SPECIAL ADMINISTRATIVE REGION OF CHINA.
GERMANY: FORMER WEST GERMANY.
SWITZERLAND: PRIMARY METALS, METAL PRODUCTS, MACHINERY & EQUIPMENT.


SOURCE: U.S. BUREAU OF LABOR STATISTICS, MAY 1999.
HOURLY COMPENSATION COSTS FOR PRODUCTION WORKERS IN U.S. DOLLARS
                                                                                                          PAGE 109
INSTRUMENTS AND RELATED PRODUCTS MANUFACTURING (US SIC 38)
1975 AND 1986-96
---------------------------------------------------------------------------------------------------------------------
COUNTRY OR AREA       1975    1986    1987    1988    1989    1990    1991    1992    1993    1994    1995    1996
---------------------------------------------------------------------------------------------------------------------
UNITED STATES           ..      ..      ..   14.72   15.10   15.89   16.58   17.00   17.60   17.87   18.21   18.70
HONG KONG SAR (1)       ..    1.73    1.92    2.20    2.57    2.90    3.22    3.56    3.90    4.39    4.71    4.91
JAPAN                 2.94    9.10   10.77   12.64   12.71   13.15   14.65   16.04   19.05   21.72   24.53   21.51
KOREA                  .33    1.32    1.60    2.20    3.16    4.00    4.58    5.04    5.52    6.03    7.16    7.35
TAIWAN                 .41    1.51    1.93    2.34    3.00    3.34    3.51    4.19    4.40    4.77    4.81    5.09
BELGIUM               6.02   11.58   14.18   14.50   14.41   18.08   18.85   20.62   20.29   22.36      ..      ..
DENMARK               5.81   10.51   13.96   14.31   13.72   16.83   17.32   19.50   17.86      ..      ..      ..
FRANCE                4.12    9.65   11.59   12.25   12.04   14.84   15.10   16.96   16.30   17.12   19.35   19.19
GERMANY (1)           5.78   12.01   15.26   16.45   16.03   19.77   20.43   22.92   23.05   24.37   28.97   28.81
IRELAND               2.89    7.90    9.41    9.87    9.28   11.52   11.41   12.64   11.79   12.42   13.60   13.63
ITALY                 4.41    9.74   12.22   13.19   13.62   16.54   17.55   18.30   14.91   14.93   15.42   16.81
SPAIN                   ..      ..      ..      ..    9.37   12.16   13.21   14.72   12.38   12.14   13.48   14.13
SWEDEN                6.87   11.33   14.07   15.55   15.94   19.19   19.97   22.77   16.26      ..      ..      ..
SWITZERLAND (1)       6.53   14.10   17.50   18.41   17.11   21.29   22.10   23.63   23.05      ..      ..      ..
UNITED KINGDOM        3.08    7.70    9.30   10.57   10.82   12.37   13.55   14.05   12.14   12.48   13.79   14.11
---------------------------------------------------------------------------------------------------------------------
(1) INDUSTRY NOTES:
HONG KONG: PHOTOGRAPHIC & OPTICAL GOODS; WATCHES & CLOCKS.
HONG KONG SPECIAL ADMINISTRATIVE REGION OF CHINA.
GERMANY: FORMER WEST GERMANY.
SWITZERLAND: PRIMARY METALS, METAL PRODUCTS, MACHINERY & EQUIPMENT.


SOURCE: U.S. BUREAU OF LABOR STATISTICS, MAY 1999.
HOURLY COMPENSATION COSTS FOR PRODUCTION WORKERS IN NATIONAL CURRENCY
                                                                                                          PAGE 110
INSTRUMENTS AND RELATED PRODUCTS MANUFACTURING (US SIC 38)
1975 AND 1986-96
---------------------------------------------------------------------------------------------------------------------
COUNTRY OR AREA       1975    1986    1987    1988    1989    1990    1991    1992    1993    1994    1995    1996
---------------------------------------------------------------------------------------------------------------------
UNITED STATES           ..      ..      ..   14.72   15.10   15.89   16.58   17.00   17.60   17.87   18.21   18.70
HONG KONG SAR (1)       ..   13.51   14.98   17.20   20.03   22.61   25.05   27.54   30.14   33.95   36.43   37.98
JAPAN                  871    1532    1558    1620    1755    1907    1972    2034    2117    2220    2305    2340
KOREA                  161    1163    1319    1609    2123    2830    3359    3937    4430    4844    5526    5911
TAIWAN               15.76   57.29   61.53   66.90   79.15   90.02   93.85  105.54  116.13  126.24  127.42  139.83
BELGIUM             220.72  517.32  529.90  533.37  567.94  604.31  644.73  662.92  701.73  747.49      ..      ..
DENMARK              33.31   85.07   95.62   96.46  100.45  104.15  110.89  117.70  115.82      ..      ..      ..
FRANCE               17.65   66.84   69.70   72.99   76.84   80.85   85.28   89.78   92.40   94.95   96.46   98.19
GERMANY (1)          14.19   26.06   27.44   28.90   30.16   31.97   33.93   35.80   38.14   39.53   41.49   43.35
IRELAND               1.30    5.89    6.32    6.47    6.55    6.95    7.07    7.42    8.05    8.30    8.48    8.52
ITALY                 2877   14522   15848   17171   18686   19814   21776   22545   23450   24056   25112   25932
SPAIN                   ..      ..      ..      ..    1110    1240    1374    1507    1578    1626    1679    1790
SWEDEN               28.44   80.76   89.32   95.43  102.92  113.66  120.84  132.65  126.73      ..      ..      ..
SWITZERLAND (1)      16.84   25.35   26.10   26.95   28.02   29.59   31.73   33.23   34.07      ..      ..      ..
UNITED KINGDOM        1.39    5.25    5.67    5.94    6.61    6.93    7.66    7.95    8.09    8.15    8.74    9.04
---------------------------------------------------------------------------------------------------------------------
(1) INDUSTRY NOTES:
HONG KONG: PHOTOGRAPHIC & OPTICAL GOODS; WATCHES & CLOCKS.
HONG KONG SPECIAL ADMINISTRATIVE REGION OF CHINA.
GERMANY: FORMER WEST GERMANY.
SWITZERLAND: PRIMARY METALS, METAL PRODUCTS, MACHINERY & EQUIPMENT.


SOURCE: U.S. BUREAU OF LABOR STATISTICS, MAY 1999.
HOURLY COMPENSATION COSTS FOR PRODUCTION WORKERS: INDEX U.S. = 100
                                                                                                          PAGE 111
MISCELLANEOUS MANUFACTURING (US SIC 39)
1975 AND 1986-96
---------------------------------------------------------------------------------------------------------------------
COUNTRY OR AREA       1975    1986    1987    1988    1989    1990    1991    1992    1993    1994    1995    1996
---------------------------------------------------------------------------------------------------------------------
UNITED STATES          100     100     100     100     100     100     100     100     100     100     100     100
CANADA (1)              --      --      --      --      --      --      --      --      --      --      --      --
MEXICO                  ..      10       8       9      10      10      12      13      15      14       8       8
JAPAN (1)               53      80      91     102     101     100     112     121     140     151     157     130
KOREA                    5      11      13      17      23      26      32      35      ..      ..      ..      ..
TAIWAN                   8      15      19      23      27      29      31      35      34      37      39      38
BELGIUM                104      95     111     108     100     119     121     130     120     128      ..      ..
DENMARK                117     107     138     138     127     152     150     155     140      ..      ..      ..
FRANCE                  85      96     111     113     106     123     119     127     118     121     133     129
GERMANY (1)            107     110     136     142     132     156     156     167     160     168     191      ..
GREECE                  31      38      41      44      44      52      52      54      50      53      61      60
IRELAND                 46      68      74      79      74      87      84      88      79      82      90      86
ITALY                  113      92     109     112     112     132     134     134     106     105     103     110
SPAIN                   ..      ..      ..      ..      72      90      93      97      80      75      82      77
SWEDEN                 137     114     135     148     147     169     166     175     122      ..      ..      ..
SWITZERLAND            113     125     150     153     138     165     168     177     169      ..      ..      ..
UNITED KINGDOM          58      70      76      90      83      94      95      98      81      79      83      83
---------------------------------------------------------------------------------------------------------------------
(1) INDUSTRY NOTES:
CANADA: INCLUDING INSTRUMENTS AND RELATED PRODUCTS.
JAPAN: INCLUDING ORDNANCE.
GERMANY: FORMER WEST GERMANY.


SOURCE: U.S. BUREAU OF LABOR STATISTICS, MAY 1999.
HOURLY COMPENSATION COSTS FOR PRODUCTION WORKERS IN U.S. DOLLARS
                                                                                                          PAGE 112
MISCELLANEOUS MANUFACTURING (US SIC 39)
1975 AND 1986-96
---------------------------------------------------------------------------------------------------------------------
COUNTRY OR AREA       1975    1986    1987    1988    1989    1990    1991    1992    1993    1994    1995    1996
---------------------------------------------------------------------------------------------------------------------
UNITED STATES         4.74    9.78   10.11   10.44   10.84   11.30   11.70   12.25   12.62   12.90   13.31   13.72
CANADA (1)              ..    9.06   10.13   11.23   12.56   13.47   13.77   12.58   12.64   12.29   12.16   13.51
MEXICO                  ..     .94     .84     .94    1.11    1.15    1.36    1.59    1.86    1.76    1.06    1.05
JAPAN (1)             2.51    7.79    9.23   10.68   10.95   11.26   13.14   14.88   17.62   19.45   20.96   17.88
KOREA                  .26    1.04    1.28    1.79    2.49    2.97    3.70    4.25      ..      ..      ..      ..
TAIWAN                 .36    1.49    1.95    2.44    2.98    3.33    3.64    4.28    4.33    4.74    5.17    5.19
BELGIUM               4.93    9.26   11.20   11.23   10.87   13.49   14.15   15.92   15.20   16.52      ..      ..
DENMARK               5.54   10.48   14.00   14.39   13.81   17.22   17.51   18.98   17.64      ..      ..      ..
FRANCE                4.01    9.39   11.21   11.78   11.44   13.91   13.98   15.50   14.90   15.65   17.72   17.72
GERMANY (1)           5.07   10.79   13.71   14.82   14.34   17.67   18.28   20.49   20.25   21.65   25.45      ..
GREECE                1.46    3.67    4.19    4.63    4.73    5.85    6.08    6.62    6.32    6.87    8.09    8.26
IRELAND               2.18    6.68    7.49    8.28    8.03    9.82    9.79   10.78   10.02   10.61   12.03   11.74
ITALY                 5.37    9.00   11.05   11.74   12.13   14.92   15.65   16.45   13.43   13.51   13.77   15.04
SPAIN                   ..      ..      ..      ..    7.81   10.19   10.93   11.85   10.15    9.70   10.92   10.61
SWEDEN                6.48   11.12   13.63   15.41   15.96   19.08   19.43   21.45   15.37      ..      ..      ..
SWITZERLAND           5.34   12.23   15.18   16.00   14.96   18.68   19.71   21.70   21.28      ..      ..      ..
UNITED KINGDOM        2.73    6.86    7.73    9.35    9.05   10.67   11.17   11.97   10.18   10.16   10.99   11.44
---------------------------------------------------------------------------------------------------------------------
(1) INDUSTRY NOTES:
CANADA: INCLUDING INSTRUMENTS AND RELATED PRODUCTS.
JAPAN: INCLUDING ORDNANCE.
GERMANY: FORMER WEST GERMANY.


SOURCE: U.S. BUREAU OF LABOR STATISTICS, MAY 1999.
HOURLY COMPENSATION COSTS FOR PRODUCTION WORKERS IN NATIONAL CURRENCY
                                                                                                          PAGE 113
MISCELLANEOUS MANUFACTURING (US SIC 39)
1975 AND 1986-96
---------------------------------------------------------------------------------------------------------------------
COUNTRY OR AREA       1975    1986    1987    1988    1989    1990    1991    1992    1993    1994    1995    1996
---------------------------------------------------------------------------------------------------------------------
UNITED STATES         4.74    9.78   10.11   10.44   10.84   11.30   11.70   12.25   12.62   12.90   13.31   13.72
CANADA (1)              ..   12.59   13.43   13.83   14.87   15.72   15.78   15.21   16.30   16.79   16.70   18.43
MEXICO                  ..     574    1153    2144    2743    3226    4090    4927    5.78    5.94    6.79    8.01
JAPAN (1)              745    1312    1335    1370    1512    1633    1769    1887    1958    1988    1969    1946
KOREA                  128     914    1051    1306    1672    2102    2712    3315      ..      ..      ..      ..
TAIWAN               13.49   56.25   62.10   69.65   78.68   89.59   97.33  107.70  114.51  125.37  137.00  142.66
BELGIUM             181.05  413.76  418.54  413.19  428.48  450.91  484.07  511.92  525.74  552.10      ..      ..
DENMARK              31.79   84.80   95.89   97.03  101.10  106.58  112.16  114.61  114.43      ..      ..      ..
FRANCE               17.16   65.04   67.39   70.22   73.00   75.79   78.92   82.05   84.42   86.77   88.36   90.64
GERMANY (1)          12.44   23.41   24.66   26.03   26.98   28.58   30.36   32.00   33.51   35.11   36.44      ..
GREECE                  47     514     568     658     768     927    1108    1261    1448    1668    1873    1987
IRELAND                .98    4.98    5.04    5.42    5.66    5.93    6.06    6.32    6.84    7.09    7.50    7.34
ITALY                 3505   13424   14336   15291   16646   17870   19418   20269   21132   21768   22425   23204
SPAIN                   ..      ..      ..      ..     925    1040    1137    1214    1294    1299    1360    1344
SWEDEN               26.84   79.28   86.53   94.54  103.07  113.00  117.56  124.94  119.84      ..      ..      ..
SWITZERLAND          13.78   21.99   22.65   23.43   24.49   25.97   28.31   30.51   31.46      ..      ..      ..
UNITED KINGDOM        1.23    4.67    4.71    5.25    5.52    5.98    6.32    6.78    6.78    6.63    6.96    7.33
---------------------------------------------------------------------------------------------------------------------
(1) INDUSTRY NOTES:
CANADA: INCLUDING INSTRUMENTS AND RELATED PRODUCTS.
JAPAN: INCLUDING ORDNANCE.
GERMANY: FORMER WEST GERMANY.


SOURCE: U.S. BUREAU OF LABOR STATISTICS, MAY 1999.





                         Country Notes (Pages 114-117)

Note:  Adjustment factors refer to adjustments for items of compensation not 
included in a country's published earnings.
Canada:
For ship and boat building, the adjustment factor relates to shipbuilding only.
Mexico:
Adjustment factors relate to all employees.
Australia:
Earnings and compensation relate to production workers and non-production 
workers other than those in managerial, executive, professional, and higher 
supervisory positions.
Adjustment factors relate to all manufacturing for every industry.
Hong Kong:
Total manufacturing is the average of selected manufacturing industries.  The 
industries covered accounted for about 70 percent of all persons employed in 
manufacturing in 1988.
Adjustment factors are constants for each industry based on supplementary  
benefit data  for 1982.  Compensation excludes overtime pay.
Israel:
Hourly earnings are estimated from average daily earnings by assuming eight 
hours of work per day.  For years since 1978, daily earnings for production 
workers are estimated on the basis of the trend in daily earnings for all 
employees.
Hourly compensation is the mid-point of an estimated average compensation range, 
computed using a constant range for the additional compensation adjustment 
factor.
Japan:
There are breaks in series at 1990 and 1991 for the following Japanese 3-digit 
industries: glass and glassware, pottery and related products, basic iron and 
steel, electronic equipment, motor vehicles and equipment, and ship and boat 
building.  The breaks in series are because of earnings survey changes and 
benchmarks; data for other industries are linked.
Adjustment factors relate to all employees.  Adjustment factors for the 
appropriate Japanese 2-digit industries are used for the following 
3-digit industries:  glass and glassware, pottery and related products, basic 
iron and steel, electronic equipment, motor vehicles and equipment, and ship and 
boat building.  For 1975-85, the ratios for plastics products and miscellaneous 
manufacturing refer to miscellaneous (including plastics products) 
manufacturing, and the ratios for rubber and plastics products refer to rubber 
and miscellaneous (including plastics products) manufacturing.
Korea:
Data for some component industries are not available from 1993 because of an 
industrial classification change in 1993.  For remaining industries, breaks in 
series occurred at 1993 and 1994.
Hourly earnings for production workers for 1975-84 are estimated on the basis of 
average hourly earnings for all employees adjusted for the relative level of 
production worker monthly earnings to all employee earnings; they are linked to 
new earnings data for production workers at 1985.  Special estimates derived 
from annual survey of manufactures data are made for the following industries:  
basic iron and steel, electronic equipment, motor vehicles and equipment, and 
ship and boat building.
Adjustment factors relate to all employees, and are based on labor cost surveys 
for 1982-1996.  Adjustment factors for the appropriate Korean 3-digit industries 
were used for the following 4-digit industries: basic iron and steel, electronic 
equipment, motor vehicles and equipment, and ship and boat building.
New Zealand:
Hourly earnings are the mid-point of an estimated production worker earnings 
range (80-90 percent of all employee earnings).
Hourly compensation is the mid-point of an estimated average compensation range, 
computed using a constant range for the additional compensation adjustment 
factor.
Singapore:
Hourly compensation costs are estimated for the years since 1985 using the trend 
in average weekly earnings and benefit costs for production workers or (for 
1985-86) average compensation per employee from the national accounts.
Taiwan:
Adjustment factors relate to all employees, and are based on labor cost surveys 
for 1984-94 and 1996.  Adjustment factors for the appropriate Taiwanese 2-digit 
industries are used for the following 3-digit industries:  lumber and wood 
products, furniture and fixtures; paper and allied products, printing and 
publishing; rubber tires, glass and glassware, pottery and related products; 
iron and steel, nonferrous metals; electronic equipment; motor vehicles and 
equipment, aircraft and parts, and ship and boat building.
Austria:
Excludes workers in establishments considered handicraft manufacturers.  (All 
printing and publishing and miscellaneous manufacturing establishments are 
classified in handicrafts.)  In 1986, handicraft employment was about 35 percent 
of all manufacturing employment.  Average compensation per employee was about 10 
percent lower in manufacturing including handicrafts than in manufacturing 
excluding handicrafts.
Belgium:
For the lumber and wood products industry and the wood furniture and fixtures 
industry, the adjustment factors relate to lumber, wood products, and wood 
furniture.
Finland:
There are breaks in series in 1994 and 1995 for selected industries because of a 
new earnings survey for which adjustment or link cannot be made (see industry 
footnotes).
For comparability with other countries, compensation excludes some obligatory 
training and plant facilities costs; these costs would add 1.6 percent to 
average hourly compensation costs in 1994.  For the lumber and wood products 
industry and the wood furniture and fixtures industry, the adjustment factors 
relate to lumber, wood products, and wood furniture through 1994.
France:
Data for selected industries are not available from 1995 because of a change in 
industrial classification .
Adjustment factors relate to all employees.  For the lumber and wood products 
industry and the wood furniture and fixtures industry, the adjustment factors 
relate to lumber, wood products, and wood furniture.
Germany:
Refers to former West Germany.  Excludes workers in establishments considered 
handicraft manufacturers.  In 1990, handicraft employment was about 25 percent 
of all manufacturing employment.  Average hourly earnings of production workers 
were about 3 percent lower in manufacturing including handicrafts than in 
manufacturing excluding handicrafts.
Greece:
For the lumber and wood products industry and the wood furniture and fixtures 
industry, the adjustment factors relate to lumber, wood products, and wood 
furniture.
Ireland:
Earnings refer to September for 1975-1976.  Adjustment factors relate to all 
employees.  Compensation excludes redundancy  pay.
Italy:
Both hourly earnings and additional compensation adjustment factors are obtained 
from periodic labor cost surveys and interpolated or projected to nonsurvey 
years using the trends in contractual wage rates and in benefit entitlements and 
costs.  Adjustment factor benchmarks from the 1992 labor cost survey are 
estimated from data that relate to all employees.
Because data for production workers are not available from the 1992 labor cost 
survey, the changes in all employee compensation structure are used to estimate 
1992 benchmark adjustment factors for production workers.  Hourly earnings 
benchmarks are not available for 1992.
Netherlands:
Adjustment factors relate to all employees.
Norway:
For comparability with other countries, compensation excludes some obligatory 
training and plant facilities costs; these costs would add 2.2 percent to 
average hourly compensation costs in 1994.  The adjustment factor for all 
primary metal, metal products, machinery, and equipment manufacturing is used 
for the following component industries: primary metals; metal products, 
machinery, and equipment; and ship and boat building and repairing.
Portugal:
Adjustment factors relate to all employees.
Spain:
Data for selected industries are not available from 1996 because of a change in 
industrial classification; for remaining industries, there are breaks in series 
at 1996.
Hourly earnings for all manufacturing in 1975-1976 are estimated on the basis of 
1977 manufacturing earnings and the general earnings trend for the total private 
non-farm economy.
Adjustment factors relate to all employees.  For electronic equipment, the 
adjustment factor relates to electronic and other electrical equipment.
Sweden:
Data for selected industries are not available from 1994 because of an 
industrial classification change; for remaining industries, there are breaks in 
series at 1994.
United Kingdom:
Data for selected industries are not available from 1996 because of an 
industrial classification change; data for remaining industries are linked to 
previous series at 1995.
Adjustment factors relate to all employees.
Exchange Rates:  National currency units per U.S. dollar, 1975 and 1986-1997                                                   Page 118
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Country or area        1975     1986     1987     1988     1989     1990     1991     1992     1993     1994     1995     1996     1997
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United States         1.000    1.000    1.000    1.000    1.000    1.000    1.000    1.000    1.000    1.000    1.000    1.000    1.000
Canada                1.017    1.390    1.326    1.231    1.184    1.167    1.146    1.209    1.290    1.366    1.373    1.364    1.385
Mexico                12.50    611.8    1,378    2,273    2,461    2,813    3,018    3,095    3.116    3.375    6.419    7.601    7.918
Australia             .7647    1.490    1.426    1.275    1.263    1.281    1.284    1.360    1.471    1.367    1.350    1.277    1.345
Hong Kong             4.939    7.804    7.798    7.807    7.801    7.790    7.771    7.740    7.736    7.729    7.736    7.735    7.743
Israel                .6390    1.488    1.595    1.599    1.916    2.016    2.279    2.459    2.830    3.011    3.011    3.288    3.449
Japan                 296.7    168.4    144.6    128.2    138.1    145.0    134.6    126.8    111.1    102.2    93.96    108.8    121.0
Korea                 484.0    881.4    822.6    731.5    671.5    707.8    733.4    780.6    802.7    803.5    771.3    804.5    950.8
New Zealand           .8254    1.906    1.686    1.525    1.685    1.677    1.729    1.859    1.847    1.685    1.524    1.454    1.509
Singapore             2.371    2.177    2.106    2.012    1.950    1.813    1.728    1.629    1.616    1.527    1.417    1.410    1.486
Sri Lanka             7.050    28.02    29.44    31.81    36.05    40.06    41.37    43.83    48.32    49.42    51.25    55.27        -
Taiwan                38.00    37.84    31.84    28.59    26.41    26.92    26.76    25.16    26.42    26.47    26.50    27.47    28.78
Austria               17.40    15.26    12.65    12.36    13.24    11.33    11.69    10.99    11.64    11.41    10.08    10.59    12.21
Belgium               36.69    44.66    37.36    36.78    39.41    33.42    34.20    32.15    34.58    33.43    29.47    30.97    35.81
Denmark               5.735    8.095    6.848    6.741    7.321    6.190    6.404    6.037    6.486    6.356    5.600    5.800    6.609
Finland               3.665    5.072    4.404    4.193    4.296    3.830    4.052    4.487    5.725    5.234    4.376    4.595    5.196
France                4.282    6.926    6.012    5.959    6.380    5.447    5.647    5.294    5.667    5.546    4.986    5.116    5.839
Germany               2.455    2.170    1.798    1.757    1.881    1.617    1.661    1.562    1.655    1.622    1.432    1.505    1.735
Greece                32.29    140.0    135.4    141.9    162.4    158.5    182.3    190.6    229.3    242.6    231.7    240.7        -
Ireland               .4500    .7455    .6721    .6553    .7052    .6033    .6196    .5868    .6827    .6680    .6236    .6250    .6595
Italy                 652.4    1,491    1,297    1,302    1,372    1,198    1,241    1,232    1,573    1,611    1,629    1,543    1,704
Luxembourg            36.78    44.67    37.33    36.77    39.40    33.42    34.15    32.15    34.60    33.46    29.48    30.96        -
Netherlands           2.523    2.448    2.026    1.978    2.122    1.822    1.872    1.759    1.858    1.819    1.604    1.686    1.953
Norway                5.214    7.398    6.741    6.524    6.913    6.254    6.491    6.214    7.098    7.055    6.336    6.459    7.086
Portugal              25.45    149.8    141.2    144.3    157.5    142.7    144.8    135.1    161.1    165.9    149.9    154.3    175.4
Spain                 57.39    140.0    123.5    116.5    118.4    102.0    104.0    102.4    127.5    133.9    124.6    126.7    146.5
Sweden                4.142    7.127    6.347    6.137    6.456    5.923    6.052    5.826    7.796    7.716    7.141    6.708    7.645
Switzerland           2.581    1.798    1.492    1.464    1.637    1.390    1.436    1.406    1.478    1.367    1.181    1.236    1.451
United Kingdom        .4501    .6813    .6098    .5614    .6104    .5605    .5658    .5662    .6660    .6528    .6335    .6407    .6106
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Note:  National currency units are: United States, dollar; Canada, dollar; Mexico, old peso (1975-92), new peso (1993-97); Australia,  dollar; Hong 
Kong, dollar; Israel, shekel (1975-84), new shekel (1985-97); Japan, yen; Korea, won; New Zealand, dollar; Singapore,     dollar; Sri Lanka, rupee; 
Taiwan, dollar; Austria, schilling; Belgium, franc; Denmark, krone; Finland, markka; France, franc; Germany,   mark; Greece, drachma; Ireland, pound; 
Italy, lira; Luxembourg, franc; Netherlands, guilder; Norway, krone; Portugal, escudo; Spain,   peseta; Sweden, krona; Switzerland, franc; Turkey, 
lira; United Kingdom, pound.