At a glance worldwide credit conditions.

 
At A Glance WORLDWIDE CREDIT CONDITIONS 
 
ECONOMIC GROWTH 
 
GDP % change from previous quarter 
 
         Q1 02  Q2 02  Q3 02  Q4 02 
 
U.S.       1.2    0.3    1.0    0.4 
Canada     1.5    1.2    0.8    0.4 
Mexico       0    0.7    0.7    0.2 
EU 15      0.4    0.4    0.4    0.2 
Germany    0.3    0.2    0.2      0 
UK         0.1    0.6    0.9    0.3 
France     0.6    0.4    0.3    0.2 
Japan      0.1    1.3    0.7    0.5 
 
Sources: Eurostat (www.europa.eu.int); Instituto Nacional 
(www.inegi.gob.mx). 
 
U.S. BANKRUPTCY RATES 
 
Number of bankruptcy petitions filed in federal courts and % change from 
previous quarter 
 
 
Q3 01  359,518  (-10.2%) 
Q4 01  366,841    (2.0%) 
Q1 02  379,012    (3.3%) 
Q2 02  400,686    (5.7%) 
Q3 02  401,306    (1.6%) 
Q4 02  395,129   (-1.5%) 
 
Source: Administrative Offie of the U.S. Courts (www.uscourts.gov). 
 
Note: Table made from line graph 
 
U.S. Business Bankruptcies, Calendar Year 
 
 
1998  44,367 
1999  37,884 
2000  35,472 
2001  40,099 
2002  38,540 
 
Source: Administrative Office of the U.S. Courts (www.uscourts.gov). 
 
Note: Table made from line graph 
 
U.S. INFLATION 
 
U.S. consumer price index -- urban % change 
 
 
Aug.  Sep.  Oct.  Nov.  Dec.  Jan.  Feb. 
 
      0.3   0.2   0.3   0.1   0.3   0.6 
 
Produce price index % change 
 
 
0     0.1   1.1   -0.4  0     0.6   1.0 
 
Source: U.S. Bureau of Labor Statistics (www.bls.gov). 
 
International Unemployment 
 
         Oct. 02  Nov. 02  Dec. 02  Jan. 02 
 
U.S.        5.7%      6.0      6.0      5.7 
Canada      7.0%      6.9      6.8      6.7 
Japan       5.6%      5.4      5.5        * 
France      8.8%      8.9      8.9      9.0 
Germany     8.5%      9.7      8.7      8.9 
UK          5.3%      5.2      5.2        * 
 
Source: US Bureau of Labor Statistics (www.bls.gov). 
 
U.S. INTEREST RATES 
 
               Q1 03 *  Q2 03 *  Q3 03 *  Q4 03 * 
 
Federal Funds  1.25     1.25     1.25     1.50 
3 mo.T bill    1.18     1.22     1.50     1.96 
6 mo.T bill    1.19     1.24     1.51     1.95 
1 yr. T bill   1.30     1.39     1.53     1.81 
2 yr.T note    1.64     1.92     2.19     2.45 
10 yr. T note  3.90     4.13     4.42     4.55 
 
Source: * Forecast by National City Corp. (www.nationalcity.com). 
 
INTERNATIONAL INTEREST RATES 
 
                           10/02  11/02  12/02  1/02  2/03 
 
Short-term rates 
(3-mo. interbank rates or 
 3-mo. CDs or T bills) 
U.S.                       1.73   1.39   1.34   1.29  1.27 
Canada                     2.87   2.82   2.83   2.86  2.91 
Mexico                     8.23   7.83   7.27   8.69   ? 
Japan                      0.03   0.05   0.05   0.04   ? 
Euro zone                  3.26   3.12   2.94   2.83   - 
UK                         3.90   3.91   3.95   3.91   - 
 
Long-term rates 
(secondary market yields 
 on long-term bonds) 
U.S.                       4.93   5.07   4.73   4.81  4.57 
Canada                     5.16   5.18   4.88   5.02  4.93 
Japan                      1.10   0.98   0.98   0.84   " 
Euro zone                  4.62   4.59   4.41   4.19   - 
UK                         4.61   4.64   4.57   4.40  4.24 
 
Source: OECD (www.oecd.org). 
 
U.S. TRADE 
 
% change      January 03  YTD compared 
                          w/same period 2002 
 
Exports        1.6%        5.8% 
 Merchandise   2.5%        3.4% 
 Services     -0.4%       11.7% 
Imports       -2.0%       14.6% 
 Merchandise  -2.2%       14.9% 
 Services     -0.2%       13.7% 
 
Source: International Trade Administration (www.ita.doc.gov). 

U.S./Canada. Jan. 2003 exports totaled $12.9 billion, up 6.7% from a year ago. Imports were $17.8 billion, up 8.1%.

U.S./Mexico. Jan. 2003 exports totaled $7.8 billion, up 1.4% from a year ago. Imports were $10.8 billion, up 8.5%.

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