Table 4. VALUE OF MANUFACTURERS’ INVENTORIES FOR INDUSTRY GROUPS
(Millions of dollars)

Seasonally adjusted Not seasonally adjusted

Industry Monthly Percent Change Monthly Percent

change

Apr. Mar. Feb.| Mar-]  Feb.-}—Jan.- Apr. Mar. Feb. Apr.| Apr.

19987] 1998" 1998] Apr] Mar.|-Feb.] 19987] 1998" 1998 1997] 98/97

All manufacturing industries ..... | 461,514] 459,090] 458,058] +05] +0.2] +06] 463,853] 458,068] 461,124] 443,755] +4.5
Manufacturing industries

with unfilled orders ........... 307,436] 304,874] 303,900] +08] +03) +07] 309,305] 303,069] 304,949] 295,086] +48

without defense capital goods ..... | 443,995] 441,667] 440,641] +05] +0.2| +0.6| 446,264] 440,733] 443,776] 427,428] +44

Durable goods industries

290,412 | 288,248} 287,243 +08 +03 +0.8} 291,864] 287,075} 289,272] 278,435 44.8
With unfilled orders

266,866 | 264,544) 263,824 +0.9 +03 +0.8] 268,199] 262,795] 264,937] 255,478 +5.0

Stone, clay, and glass products... .. 8,774 8,806 8,788 -0.4 +0.2 0.0 9,005 9,019 9,009 8,910 +11
Primary metals... . 2... veses | 24,742] 24640] 24,754] +04] -0.5 -14] 24,726] 24,595] 24.879] 24,682] +0.2
Blast furnaces, steel mills ....... | 12,165] 12,128] 12,081] +03) +04} -o1] 11993] 11,975] 12,154] 11979] +01
Iron and steel foundries ........ 1,639] 1,630 1637] +06] 04] -18 1,696 1,675 1,658 1727] -18
Nonferrous and other primary
metals . 10,938] 10,882] 11,036] +0.5 -14]  -28] 11,037] 10,945] 11,067] 10,976] +0.6
Fabricated metal products - | 30,108} 29,945] 29,606] +05] +11] +10] 30,501] 30,213] 29,735] 28,625] +6.6
Industrial machinery and equipment 61,679} 61,379] 61,351] +0.5 00! +16] 62,164] 60,690] 62,327] 59,793] +4.0
Engines and turbines ......... 4199} 4146] 4,193] 413-11] 42.0] 4158] 4008] = 4,164] = 3,640] +14.2
Farm and garden machinery .... . 3,370] 3466] 3,444) 9-28) +06) +15) 3,400) 3,718] 3,824] 3,192] +6.5

Construction, mining and

material handling equipment 8,516 8,421 8,361 +11 40.7 +14 8,638 8,511 8,493 7,746| +115
Metalworking machinery 7311 7274| 7,263| +05| +02] +15] 7,409 7,190 7,236) 7,515 -14
Computer and office equipment . . . 11,341] 11,198] 11,151 +13 +04 +10] 11,409} 10,392] 11,408 11,878 39
Electronic and other

electrical equipment ........ 41,461} 41,487] 41,372 0.1] +03] +10] 41,722] 40,935] 41,345] 39,889] +46
Electrical transmission and

distribution equipment and

industrial apparatus ......... 5,108] 5,249] 5,288 2.7 0.7 0.1 5,099 5,208 5,309 5,266 32
Household appliances .......... 2,673 2,635 2598] +14] 414] +19] 2,850] — 2,725 2,695 2,965 39

Electric lighting and
wiring equipment .......... : 3.433] 3411} 3,414] 406] 0.1] 04] 3,476] 3,375] 3,419] 3,383] 42.7
Household audio and
video equipment ..........
Communications equipment
Electronic components.
Transportation equipment .

1,251 1,322 1,369 5.4 3.4 “14 1,219 1,262 1,347 1,530 20.3
10,995 11,040 11,207 04 “15 +0.5 11,097 10,781 11,227 10,605 +4.6
14,718 14,547 14,191 +12 42.5 42.7 14,651 14,324 14,117 12,671 +15.6
70,303 69,042 68,878 +18 +0.2 +1.0 70,293 69,012 69,263 65,754 +6.9

Motor vehicles and parts 16,743 17,048 16,664 -18 +23 +0.6 16,867 17,237 16,727 17,081 13
Aircraft, missiles,
space vehicles, and parts. 48,602 47,133 47,242 43.1 0.2 +13 48,438 46,856 47,477 43,920 +103

Shipbuilding and tanks .

. 1,623] 1,663 1634] 24] #18] -42] 1,655 1722] 1,672 1732) -4.4
Instruments and related products

25,553 25,435 25,191 +0.5 +10 +03 25,726 25,164 25,001 24,816 437

Search and navigation equipment . 6,268 6,280 6,211 02 +11 0.2 6,338 6,179 6,175 6,241 +16
Measuring and controlling devices . 8,074 8,003 7,945 +0.9 +0.7 +0.6 8,133 7,965, 7,916 7,791 +44

Medical instruments and supplies 8,077 8,021] 7,925] +07] = +12 00] 8088) 7,914] 7,873} 7807] +36
Photographic goods . . 2418] 2411] 2405] +03] +02] +10] 2446] 2385) —2337| 23342] +44
All other durable goods 27,792| 27514] 27303] +10) +08) +04) 27,727) 27,447] 27,713] 25,966] +68

Nondurable goods industries
With unfilled orders .

171,102] 170,842] 170,815 +0.2 0.0 +0.4] 171,989] 170,993] 171,852] 165,320 +4.0
40,570 40,330 40,076 +0.6 +0.6 +0.1 41,106 40,274 40,012 39,608 +38

Food and kindred product 36,290] 36316] 36,498] — -0.1 05] +06] 35,601] 35,956] 36,694] 34,233] +4.0
Meat products 3,978] 4,012] 4,054] 0.8] = -1.0] 0.7] 4.085} 4.081 4,126] 3,890] +5.0
Dairy products . . : 3,623] 3,639] 3,679] 0.4] = -L.1] = +4.0} = 3,723] 3,603] 3,600} 3,294] +13.0
Beverages .............. 7,324{ 7,308] 7,225] +02] +11 -0.1 7,339| 7,325 7,225] 6,693] -+9.7
All other foods, except fats and oils | 19385] 191439] 19510] -03 04) +01] 18,418] 18,909] 19,486] 18,389] +0.2

Tobacco products ee 6166] 6258] 6250] -15] +01 “Ll 6,100] 6367} 6,743) 6,170] -1.1

Textile mill products 10,349] 10,338] 10,339) +0.1 0.0) +03) 10,623] 10,365] 10,467] 10,442) +17
Broadwoven fabrics and

other textiles... , voee 6511 6482] 6,498] +04] = -0.2 00] 6656] 6,471 6612] 6,469} +29

Paper and allied products... . .. - | 16506] 16,458] 16,437] +03)  +0.1 02) 16,751] 16,657] 16,641] 16,180) 43.5

Pulp, paper, an:

paperboard mill products ..... . 6,682] 6,666] 6,651] +0.2] 40.2) 1.2] 6,757] 6,762] 6,794] 6,652] +16
Paperboard containers and boxes . . 4155} 4,153] 4,107 oo] +11] +08] 4,233] 4,229] 4179] 3,969] +6.7
Miscellaneous converted

paper products ........... : 5,669] 5,639] 5,679] +0.5 0.7) 40.1 5,761 5,666] 5,668] 5,559] +3.6

Chemicals and allied products ..... 45,921 45,656] 45,572 +0.6 40.2 +1.0] 46,468] 46,019] 46,126] 42,440 +9.5
Industrial chemicals ... . . vss++] 20436] 20,260] 20,289) +09] -01) +08) 20,415] 20,301] 20.593] 19395] +53
Drugs, soaps, and toiletries ...... 20,081 19,935 19,806 +0.7 +0.7 +15] 20,398 19,779 19,640 17,647] +15.6

Petroleum and coal products . - | 11203] 11,203] 11,316 oo] -10) +04] 11,306] 11,072] 11,016] 12,512] -9.6

Rubber and plastics products ...... 16,432] 16,447] 16,531 0.1 -0.5 0.0] 16,702] 16,805] 16,930] 16,328 423

All other nondurable goods ....... | 28,235] 28,166] 27.872] +02] +11] +05] 28,438] 27,752] 27,235) 27,015] +53

” Preliminary. ‘ Revised.
See note at end of table 2 relating to survey error and revision.


10 Total Manufacturing
New Orders and Shipments
Three Month Moving Averages
Billions of Dollars

380 380
New Orders
360 --------------------- errr rrr eed Shipments |_1 360
340 340
320 320
300 300
280 1 L 1 1 L L L 1 1 1 L 1 il 280
Apr Jun Aug Oct Dec Feb Apr Jun Aug Oct Dec Feb Apr
Apr. 1996 - Apr. 1998
Total Manufacturing
Ratio of Unfilled Orders and
Inventories to Shipments

V/S Ratios UO/S Ratios
2.5 3.9
2.4F------ rrr rrr rrr rrr re vos }-4 3.8
2.3 “us_}43.7
2.2 =+4 3.6
2.1 3.5

2 3.4
1.9 3.3
1.8 3.2
1.7 3.1
1.6 3
1.5 2.9
1.4 2.8
1.3 2.7
1.2 it i 1 1 1 1 1 1 1 1 1 L 1 2.6

Apr Jun Aug Oct Dec Feb Apr Jun Aug Oct Dec Feb Apr
Apr. 1996- Apr. 1998

Note: All Charts based on seasonally
adjusted current dollars.


Table 6. VALUE OF MANUFACTURERS’ UNFILLED ORDERS AND TOTAL INVENTORIES

FOR TOPICAL SERIES!
(Millions of dollars)

Seasonally adjusted Not seasonally adjusted
Industry Monthly Percent Change Monthly Percent
change
Apr. Mar. Feb. | Mar- | Feb- | Jan- Apr. Mar. Feb. Apr. | Apr.
1998” 1998" 1998 | Apr. | Mar. | Feb. 1998" 1998" 1998 1997 | 98/97
UNFILLED ORDERS
All manufacturing industries 540,850 | 538,544 | 542,997 40.4 08 -0.5 | 545,601 | 541,260 | 547,256 | 527,593 43.4
Market categories :
Automotive equipment . 2,293 2,364 | 2,388 3.0] -10 09 | 2329] 2417 | 2,451 2,441 46
Home goods and apparel 8579 | 8947 | 91574 4.1 6.5 35 8619 | 8,900 | 9.415 8,359 43.1
Consumer staples ....... 2273 | 2321 2217 21) +47] 420 2076 | 2,099 | 2,021 2103 -13
Machinery and equipment . . 250,483 | 249,389 | 250637 | +04] -0.5 -0.2 | 251,107 | 249,609 | 251,620 | 233,786 +74
Business supplies ....... 6,904 6,931 6873 04] +08] +25 6,848 6,749 | 6,696 6,867 03
Construction materials
and supplies 17,899 | 17,751 | 17,776 | +08} -0.1 | +07 | 18,061 | 17,874 | 17,869 | 16,978 +64
Defense products ............ 97,521 | 97397 | 99276 | +01 -19 -13 | 99,679 | 99,523 | 100,309 } 106,694 6.6
Other materials, supplies and
and intermediate products . . . 154,898 | 153,444 | 154,256] +09] -05 -0.5 | 156,882 | 154,089 | 156,875 | 150,365 +43
Durable goods industries :
Nondefense capital goods’ ...... | 267,268 | 266,561 | 267,727 +03 04 0.0 | 267,531 | 267,005 | 268,968 | 253,278 +5.6
Excluding aircraft and parts .... | 103,457 | 103,994 | 103,813 -05 | +02 | +1.0 | 103,720 | 104,438 | 105,054 | 98,291 +55
Defense capital goods‘ ........ | 102,513 | 102,252 | 103,986 | +03] -1.7 -12 | 104,873 | 104,485 | 105,055 } 111,720 “6.1
Durables excluding capital good 145,660 | 144,160 | 145,462 | +10] -09 -0.8 | 147,535 | 144,309 | 148,074 | 136,541 48.1
Miscellaneous series :
Producers’ durable equipment . . 289,735 | 288,938 | 290,711 | +03 | -06 -0.3 | 290,057 | 289,148 | 292,306 | 270,611 472
Household durable goods ....... 5,714 5,984 6,475 45 76 34 5,540 5,834 6,427 5,470 +13
Information technology industries 39,494 | 39,969 | 39,645 12] +08] +06 | 39,430 | 39,700 | 39,540 | 37,190 +6.0
Health care equipment
and products ..... 9018 | 8,778 | 9536] +27] +28] +12] 9,024] 8,606 8,808 7,931 | +13.8
TOTAL INVENTORIES
All manufacturing industries 461,514 | 459,090 | 458,058 +05 +0.2 +0.6 | 463,853 | 458,068 | 461,124 | 443,755 44.5
Market categories :
Automotive equipment . . . 8,351 8.420 | 8,264 08] +19] +401 8,464 8,533 8,356 8,386 +09
Home goods and apparel 33,158 | 33,191 | 32,956 01} +0.7] +0.7 | 33,534 | 32,983 | 32,847 | 32,168 +42
Consumer staples . : 71,902 | 71,859 | 71,913 | +01 -0.1 | +06 | 71,639 | 71/327 | 72,077 | 68,195 +51
Machinery and equipment . . 116,857 | 115,166 | 115,095 | +15] +01 | +06 | 117,485 | 114,091 | 116,337 | 111,366 +55
Business supplies 27,575 | 27,406 | 27,157] +06] +09] +04 | 27,895 | 27.430 | 27,098 | 26585 +49
Construction materials
and supplies 27,813 | 27,694 | 27,644 | +04] +02 -0.1 | 28,113 | 27,948 | 27,977 | 27,408 42.6
Defense products ........ 17,065 | 16,926 | 16923 | +08 00 | +07] 17,141 | 16,837 | 16869 | 16,060 +67
Other materials, supplies and
and intermediate products .... .. 158,793 | 158,428 | 158,106 | +02] +02] +08 | 159,582 | 158,919 | 159,563 | 153,587 439
Durable goods industries :
Nondefense capital goods’ ..... . 110,238 | 108,677 | 109,068 | +14] -04 | +1.0 | 110,690 | 107,201 | 110,009 | 105,281 +51
Excluding aircraft and parts . . 73,016 | 72,820 | 73,091 +03 04 +0.9 | 73,672 | 71,563 | 73,708 | 71,448 43.1
Defense capital goods‘ ..... 17519 | 17,423 | 17417 | +06 0.0 | +08 | 17,589 | 17,335 | 17,348 | 16,327 47.7
Durables excluding capital goods 162,655 | 162,148 | 160,758 | +03} +09] +06 | 163,585 | 162,539 | 161,915 | 156,827 +43
Miscellaneous series :
Producers’ durable equipment . 187,802 | 185,875 | 184,686 | +10] +0.6 | +0.5 | 189,012 | 184,674 | 186,128 | 180,656 +46
Household durable goods .. . . 16,615 | 16,546 | 16,393 | +04} +09] +07] 16,744 | 16472 | 16531 | 16,037 +44
Information technology industries 34,993 | 34,842 | 34,822] +04] +01] +0.7 | 35,317 | 33,720 | 35,003 | 34,676 +18
Health care equipment
and products ............. 18,956 | 18,822 | 18,660 | +07] +09] +09] 19,136 | 18,634] 18,523 | 17,377] +101

See footnotes at end of table 5.

See note at end of table 2 relating to survey error and revision.


Table 5. VALUE OF MANUFACTURERS’ SHIPMENTS AND NEW ORDERS
FOR TOPICAL SERIES'
(Millions of dollars)

Seasonally adjusted

Not seasonally adjusted =

Monthly Percent Change Monthly Percent ‘Year to date
Industry change
Apr. Mar, Feb. | Mar- | Feb-] Jan-|  Apr.| Mar. | — Feb. Apr. | Apr.
1998° 1998" 1998 | Apr.| Mar.| Feb. 1998" 1998" 1998 1997 | 98/97 1998" 1997
SHIPMENTS
All manufacturing industries 337,807) 340,611] 337,893 0.8) +0.8) +1.3) 334,354) 358,164] 335,123) 325,134] +2.8] 1,327,276 |1,272,730
Market categories :
Automotive equipment ..... 14,755] 15,182] 14,782] -2.8}  +2.7]  +5.6] 15,581] 16,408] 16,060) 15,198) 42.5 60,802] 59,064
Home goods and apparel 19,910} 19,802) 19,897} +0.5 0.5] +0.2) 18,654) 20,632} 19,646) 18,030 43.5 75,532} 71,743
Consumer staples ..... . 70,545] 70,358] 69,943} +03) +0.6) 0.0] 68,165} 70,681] 67,145] 66,262} 42.9] 271,406] 265,320
Machinery and equipment . 63,850] 64,679} 63,289] -1.3)  +2.2)  +2.1] 61,989] 73,204) 62,237) 57,244) +8.3] 249,024] 224,968
Business supplies ....... 25,736] 26,086] 25,634] -1.3] +1.8) -0.7} 26,183] 26,221) 25,065] 25,728] +18] 101,061] 98,670
Construction materials
and supplies ............. 21,145] 21,408) 21,236] -1.2)  +0.8)  +1.5] 21,264) 21,438] 20,229) 21,154) +0.5 81,140} 78,891
Defense products ..... +s 7,137] 7,093) 6,917) +0.6) +2.5] +0.7} 6,916 7,541 7,117 6,415] +78 27,281} 25,692
Other materials, supplies an
and intermediate products ...... 114,729] 116,003) 116,195} -1.1 0.2) +1.7] 115,602] 122,039] 117,624) 115,103) +0.4} 461,030] 448,382
Durable goods industries :
Nondefense capital goods? ......] $0,297] 51,022} 49,936] -1.4] +22) +1.6 46,852] 58,989] 47,796] 42,903) +9.2] 193,306] 170,588
Excluding aircraft and parts ....] 42,687 43,294] 42,315] -1.4] +23] +2.5] 39,259] 50,358] 40,534] 35,733]  +9.9] 163,876) 145,791
Defense capital goods* ........ 6,802] 6,781 6,558] +0.3) +3.4) +0.7] 6,535) 7,222] 6,710} 6,020 +8.6 25,782} 24,089
Durables excluding capital goods 130,800] 132,683] 131,739) -1.4]  +0.7]  +3.4) 132,616] 140,016] 134,228] 128,864] +2.9} 521,905] 500,038
Miscellaneous series :
Producers’ durable equipment 121,141] 123,594] 121,515} -2.0) +1.7]  +3.0) 119,854] 136,816} 122,760} 113,763) +5.4] 481,421) 446,496
Household durable goods ... . 10,257} 10,338) 10,406} -0.8 0.7) +2.3) 9,707) 11,164) 10,012) 9,109 +6.6 39,239] 36,306
Information technology industries 24,072) 24,176) 23,913] -0.4) +1.1)  +3.9) 20,509) 28,969] 21,865] 18,286) +122 89,365] 78,975
Health care equipment
and products ........ 11,535} 11,678) 11,323] -1.2)  +3.1]  +0.7) 10,893) 12,414] 10,935] 10,343 45.3 44,942] 42,683
NEW ORDERS
All manufacturing industries ..... 340,113] 336,158] 335,335} +1.2) +0.2| 0.7) 338,695} 352,168} 334,589} 325,066} +4.2| 1,337,529 ]1,288,104
Market categories
Automotive equipment ....... 14,683} 15,158] 14,762} -3.1] +2.7] +5.6) 15,493] 16,374] 16,058} 15,191 +2.0] 60,770) 59,301
Home goods and apparel 19,542] 19,175] 19,546) +1.9} -1.9|  +0.7] 18,373] 20,117] 19,689} 18,239) 40.7 75,141] 72,595
Consumer staples ........ 70,497} 70,462) 69,989} 0.0} +0.7] 0.0] 68,142} 70,759] 67,055] 66,365) +2.7| 271,359] 265,265
Machinery and equipment . . 64,944] 63,431] 62,831] +24) +1.0)  -3.5] 63,487) 71,193] 62,381) 56,361) +12.6] 253,232] 230,182
Business supplies ............ 25,708] 26,144) 25,803) 1.7) +1.3) +0.1) 26,282) 26,273) 25,195} 25,945 +13) 101,351] 98,927
Construction materials
and supplies ree 21,292] 21,383] 21,360) -0.4) +0.1) +2.0) 21,451) 21,442] 20,504) 21,498 0.2 81,892] 79,741
Defense products ....... 7,260 5,214) 5,656} +39.2| -7.8) -28.7| 7,073) 6,755) 6,023 5,965) +18.6 27,508] 25,280
Other materials, supplies ani
and intermediate products 116,187] 115,191] 115,388}  +0.9) 0.2} +0.7] 118,394) 119,255] 117,684) 115,502} 42.5] 466,276] 456,813
Durable goods industries :
Nondefense capital goods ° . 51,004] 49,856] 49,908] 42.3] -0.1] -4.2| 47,378] 57,026] 48,110] 41,104] +15.3] 196,424] 174,343
Excluding aircraft and parts 42,150] 43,475) 43,369) -3.0} +02} +2.7| 38,541) 49,742] 41,930] 35,991 +7.1] 166,213] 150,307
Defense capital goods‘ ........ 7,063 5,047| 5,340] +39.9) 5.5] -29.2] 6,923) 6,652) 5,704) 5,554] +24.6 26,670) 24,131
Durables excluding capital goods . | 132,300] 131,381] 130,552] +0.7| +0.6 +2.1] 135,842] 136,251] 134,403] 130,608]  +4.0] 527,651} 510,206
Miscellaneous series :
Producers’ durable equipment . . . 121,938) 121,821] 120,543) +01) +1.1 0.4] 120,763] 133,658] 122,556] 113,215) +6.7| 484,951] 454,097
Household durable goods ...... 9,987 9,847) 10,178) +1.4) -3.3) +32) 9,413) 10,571 9,954) 9,266) +16 38,552} 36,976
Information technology industries 23:597| 24,500] 24:132] -3.7| +1.5] -1.4} 20,239] 29,129] 22,281] 18346] +103) 91,076] 81,075
Health care equipment
and products . eres 11,775} 11,920) 11,427] 1.2] -+4.3] +0.9) 11,311] 12,211] 11,117] 10,689) +5.8 45,610] 43,158

? Preliminary. ‘ Revised.

' Topical series are regroupings of the separate industry categories.

2 Shipments and new orders are the totals for the period and are adjusted for trading-day and calendar-month variations.

 Nondefense capital goods industries include : ordnance and accessories; steam, gas and hydraulic turbines; internal combustion engines; construction, mining, and material
handling equipment; metalworking machinery; special industry machinery; general industrial machinery; computer and office equipment; refrigeration, heating and service
industry machinery; electrical transmission and distribution equipment; electrical industrial apparatus; communications equipment; aircraft, missiles, space vehicles, and engines

and parts; ships and tank components; railroad equipment; and search and navigation equipment.

“ Defense capital goods industries include : ordnance and accessories; communications equipment; aircraft, missiles, space vehicles, and engines and parts; ships, tanks

and tank components; and search and navigation equipment.

See note at end of table 2 relating to survey error and revision.


Table 8. RATIOS OF MANUFACTURERS’ INVENTORIES TO SHIPMENTS AND
UNFILLED ORDERS TO SHIPMENTS, BY INDUSTRY GROUP
(Based on seasonally adjusted data)

Inventory / Shipments ratio Unfilled Orders / Shipments ratio!
Industry Apr. Mar. Feb. Jan. Apr. Mar. Feb. Jan.
1998" 1998" 1998 1998 1988 1998" 1998 1998
All manufacturing industries... .. . 137 135 136 1.36 2.81 277 2.82 2.88
Durable goods industries... . .. 1.55 151 153 1.56 3.33 3.28 3.34 3.44
Stone, clay, and glass products 110 an Wi 112 084 0.84 0.84 086
Primary metals -......... sees 1.62 1.60 1.60 1.63 2.17 2.16 218 2.20
Fabricated metal products a 1:33 1.50 148 152 149 144 1.45 151
Industrial machinery and equipment . 1.67 1.67 1.70 1.70 212 2.13 215 217
Electronic and other
electrical equipment ........... 136 134 133 138 1.92 1.83 1.82 191
Transportation equipment... . 158 131 135 1.60 10.83 10.56 11.00 1135
Instruments and related products... . 1:88 185 1:85 1.88 3.85 3:52 337 3.67
Nondurable goods industries . . 1.14 114 114 1.13 0.67 0.67 0.68 0.68
Food and kindred products 0.87 0.87 0.87 0.86 (X) (X) ) (xX)
Tobacco products... . 1.80 1.86 1.78 192 () (X) (X) (Xx)
Textile mill products . - 156 153 151 1.45 (NA) (NA) (NA) (NA)
Paper and allied products . 118 117 1.18 116 (NA) (NA) (NA) (NA)
Chemicals and allied produ 1.42 1.40 141 1.38 (X) (xX) (xX) (xX)
Petroleum and coal products 0.84 0.84 0.86 0.84 &) (x) & &®
Rubber and plastics products . 130 130 131 132 &) &) &) (x)

Preliminary. ‘ Revised. (X) Not applicable. (NA) Not available.

' Excludes the following industries with no unfilled orders : Wood and lumber products; glass containers; metal cans, barrels and drums; farm and garden machinery;
motor vehicle assembly operations; other transportation equipment; foods and related products; tobacco; knitting mill products; apparel and related products; chemicals:
petroleum and coal products; and rubber and plastics products.

Table 9. REVISIONS TO PREVIOUSLY PUBLISHED MONTHLY PERCENT CHANGES
(Based on seasonally adjusted data)

Shipments New orders Unfilled orders Inventories
Industry
Apr. Apr. Apr. Apr.
Apr? 1997- Apr? 1997- Apr? 1997- Apr? 1997-
Apr. | 1993- | Mar. | Apr. | 1993-] Mar. | Apr.' | 1993-] Mar. | Apr! | 1993-] Mar.
199g | 1997] 1998} 1998} 1997] 1998] 1998] 1997] 1998] 1998] 1997] 1998
All manufacturing industries ..... . (X) 0.1 0.2 e4) 02 02 (xX) 0.0 01 (X) 0.0 01
Durable goods industries ....... . 0.4 02 0.2 04 0.4 03 0.0 0.0 0.1 (xX) 0.1 0.1
Stone, clay, and glass products ... . . (X) 0.7 03 (X) 10 (X) 0.5 08 (X) 0.2 0.2
Primary metals ......... ‘| 01 05 02 03 17 06 02 05 03 (X) 03 0.0
Fabricated metal products ........ (Xx) 02 02 (X) 03 0.5 &) O01 0.3 (Xx) 0.1 O01
Industrial machinery and equipment . 03 0.5 04 0.1 07 0.6 0.2 0.2 0.2 es) 0.1 01
Electronic and other

electrical equipment ...........] 9.2 02 os} 03 06 10] -O1 04 04 (ea) 01 01
Transportation equipment . . . . . -f -10 02 05) -L7 05 08 0.1 01 01 & O1 03
Instruments and related products . . . . (x) 02 05 (x) 14 13 (e9) 03 03 &) 0.1 01
Nondurable goods industries . . Oa Ol 02 (x) 0.1 02 ) 03 03 fe) 01 0.0
Food and kindred products . . (X) 02 0.4 (xX) ies) (X) (X) &) (x) (X) 02 0.2
Tobacco products . . ® 02 Ol &) (X) (X) &) &) (x) &) 02 O.
Textile mill products (xX) 03 03 (X)} (NA) (NA) (X) } (NA) (NA) (X) 0.1 01
Paper and allied prodi (xX) 03 0.5 (X) | (NA) (NA) (X) | (NA) ] (NA) (x) 0.0 0.1
‘Chemicals and allied products (Xx) 03 04 (x) (xX) (xX) (X) (X) (X) (X) 0.1 01
Petroleum and coal products &) 0.1 02 (X) (X) (X) (X) (x) (X) (x) 0.5 03
Rubber and plastics products (xX) 0.2 03 (X) (Xx) (Xx) (x) X) (X) (Xx) 0.2 0.1

Capital goods industries :
Nondefense : “12 04 04] -02 0s 06 02 O1 Ol (x) 01 02
Defense ... 08 03 09] -119 24 22 -0.6 0.1 02 (Xx) 0.1 02

(X) Not applicable. (NA) Not available.

Note : The five year and the twelve month revisions are the differences between the month-to-month percent changes of the preliminary and final estimates. ‘The
monthly averages are the simple averages of the absolute values of the differences for the months specified. The advance to final percent change revisions for the
durable goods industries are shown in the advance report for the month.

' The current month revisions are the difference between the advance percent change and the percent change as shown in this publication.
? Average for this month for the last five years.
See note at end of table 2 relating to survey error and revision.


CURRENT INDUSTRIAL REPORTS

ie
ay

U. S. Department of Commerce
Economics and Statistics Administration
BUREAU OF THE CENSUS

Manufacturers’ Shipments,
Inventories, and Orders

April 1998
M3-1-(98)-04
For Wire Transmissions 10:00 a.m. E.D.T. June 4, 1998

For Data - (301) 457-4673
For Questions - Kathy Menth or Lee Wentela
(301) 457-4804 or (301) 457-4852

Note: All figures in text are in seasonally adjusted current dollars

Summary

New orders for manufactured goods in April increased $4.0
billion or 1.2 percent to $340.1 billion, the Department of Commerce,
Bureau of the Census reported today. This follows a 0.2 percent
March increase and is the third increase in the last four months and
the ninth in the last eleven months. Excluding transportation, new
orders increased 0.3 percent, the fourth increase in the last five
months. Year to date, new orders are 4.0 percent above the same
period a year ago.

Shipments decreased $2.8 billion or 0.8 percent to $337.8
billion, following a 0.8 percent March increase. This is the first
decrease since January. Year to date, shipments are 4.4 percent
above the same period a year ago.

Unfilled orders, up for the first month since January, increased
$2.3 billion or 0.4 percent to $540.8 billion, following a 0.8 percent
March decrease. The unfilled orders-to-shipments ratio was 2.81, up
from 2.77 in March.

Inventories increased $2.4 billion or 0.5 percent to $461.5
billion. This follows a 0.2 percent March increase and is the
fifteenth increase in the last sixteen months. The inventories-to-
shipments ratio was 1.37, up from 1.35 in March.

New Orders

New orders for manufactured durable goods in April increased
$4.1. billion or 2.2 percent to $1904 billion, revised, from the
previously published 2.6 percent increase. This follows a 0.3 percent
March increase and is the third increase in the last four months.

Transportation equipment, up for the first month since January,
had the largest increase, $3.1 billion or 7.5 percent to $45.3 billion;
an increase in aircraft and parts more than offset decreases, led by
motor vehicles and parts. This follows a 0.6 percent March decrease.
Electronic and other electrical equipment, up four of the last five
months, increased $1.1 billion or 3.5 percent to $32.3 billion, due to
electronic components. This follows a 1.1 percent March increase.
Industrial machinery and equipment, down for the first month since
November, decreased $0.5 billion or 1.3 percent to $36.9 billion.
This follows a 2.2 percent March increase.

New orders for nondurable goods, down three of the last four
months, decreased $0.1 billion or 0.1 percent to $149.7 billion,
following a 0.2 percent March increase. Decreases, led by chemicals
and allied products, offset increases, led by textile mill products.

Shipments

Shipments of durable goods in April decreased $2.6 billion or
1.4 percent to $187.9 billion, revised from the previously published

1.0 percent decrease. This follows a 1.2 percent March increase and
is the first decrease since January.

Transportation equipment, down for the first month since
January, had the largest decrease, $1.2 billion or 2.7 percent to $44.5
billion; mostly due to motor vehicles and parts and railroad
equipment. This follows a 3.1 percent March increase. Industrial
machinery and equipment, up for the fifth consecutive month,
increased $0.2 billion or 0.6 percent to $37.0 billion. This follows
a 2.0 percent March increase.

Shipments of nondurable goods, down three of the last four
months, decreased $0.2 billion or 0.1 percent to $149.9 billion,
following a 0.3 percent March increase. Chemicals and allied
products had the largest decline, and apparel and related products had
the largest increase.

Unfilled Orders

Unfilled orders for durable goods in April increased $2.5 billion
or 0.5 percent to $515.4 billion, unrevised from the previously
published 0.5 percent increase. This follows a 0.8 percent March
decrease and is the first increase since January. Electronic and other
electrical equipment had the largest increase, $1.9 billion or 3.3
percent to $58.6 billion. This follows a 0.4 percent March increase
and is the third increase in the last four months. Transportation
equipment, up for the first month since January, increased $0.8
billion or 0.3 percent to $259.7 billion, due to aircraft and parts.
This follows a 1.4 percent March decrease.

Inventories

Inventories of durable goods in April increased $2.2 billion or
0.8 percent to $290.4 billion, following a 0.3 percent March increase.
This is the sixth increase in the last seven months and the fourteenth
in the last sixteen months. Transportation equipment had the largest
increase, $1.3 billion or 1.8 percent to $70.3 billion. This follows a
0.2 percent March increase and is the twenty-seventh increase in the
last twenty-eight months. Industrial machinery and equipment
increased $0.3 billion or 0.5 percent to $61.7 billion. This follows
a slight March increase and is the third consecutive monthly increase.

Inventories of nondurable goods, up for the fifteenth
consecutive month, increased $0.3 billion or 0.2 percent to $171.1
billion, following a slight March increase. Chemical and allied
products had the largest increase, $0.3 billion or 0.6 percent to $45.9
billion. This follows a 0.2 percent March increase and is the
twentieth increase in the last twenty-one months.

By stage of fabrication, April finished goods decreased 0.5
percent in durables and 0.1 percent in nondurables. Work in process
increased 1.7 percent in durables and 1.6 percent in nondurables.
Materials and supplies increased 0.7 percent in durables and declined
0.2 percent in nondurables.

SEE BACK PAGE FOR UPCOMING REVISIONS

Our internet site address is: http://www.census.gov/ftp/pub/indicator/www/m3/index.htm

The advance report on durable goods for May is scheduled for June 24, 1998 at 8:30 a.m. and the full report on July 2, 1998 at 10:00 a.m. For sale by the Superintendentof Documents,
U.S. Government Printing Office, Washington, DC 20402. This report is available on the day of issue through the Department of Commerce's online Economic Bulletin Board (N-8-1)
(202-482-3870).


Nondefense Capital Goods 11
New Orders and Shipments
Three Month Moving Averages
Billions of Dollars

New Orders
S2F) fF - - - eee ee fey ---- +52
Shipments
47} --------- eee eee eee ee 47 ----- 447
42; -- 2 tT - - - - - - - - -- -- - ---- -- - - - - -- -- ---- 442
=
37 ------ 22 ---rreee e eeee- -ee eee -- eee ---- +37
is 1 1 L L 1 1 1 1 L 1 i 1
Apr Jun Aug Oct Dec Feb Apr Jun Aug Oct Dec Feb Apr
Apr. 1996- Apr. 1998
Defense Capital Goods
New Orders and Shipments
Three Month Moving Averages
Billions of Dollars
10 10
g}---------------------------- eee New Orders | Tg
Shipments

4 1. 1 1 a 1 L 1 1 L L 1 4 1 4
Apr Jun Aug Oct Dec Feb Apr Jun Aug Oct Dec Feb = Apr

Apr. 1996 - Apr. 1998

Note: All Charts based on seasonally
adjusted current dollars.


Table 7. VALUE OF MANUFACTURERS’ INVENTORIES, BY STAGE OF FABRICATION,

BY INDUSTRY GROUP
(Millions of dollars)

‘Seasonally adjusted

Not seasonally adjusted

Industry Monthly Percent Change Monthly Percent
change
Apr. Mar. Feb. | Mar- | Feb~ | Jan- Apr. Mar. Feb. Apr. | Apr.
1998? | 19987 1998 | Apr. | Mar. | Feb. | 1998" | 1998" 1998 1997 | 98/97
MATERIALS AND SUPPLIES
All manufacturing industries 152,382 } 151,934 ] 151,236 | +03 | +0.5 |  +0.7 | 152,096 | 151,230 | 151,814 | 145,690 +44
Durable goods industries... 89,881 | 99,277 | 88,772 | +07] +06] +08] 989,092 | 88,077 | 88,852 | 84,274 | +5.7
Stone, clay, and glass products 2931 | 2926 91 +02] +04] -13] 2904] 21893] 2914 | 2889]  +0.5
Primary metals -.... . sooo | 7381 | 7831 | +15] +06] -10 | 7.757] 7,623 | 7,789 | 7,714] +06
Fabricated metal products [| avors | 1o'so1 | ro'gos | +12] +08] +14 | 10987 | 10,875 | 10,812 | 10,395 $5.7
Industrial machinery and equipment | 19,148 | 18849 | 18559 | +16] +16] +14] 18,954 | 18,386 | 18,653 | 17,6 +76
Electronic and other
electrical equipment .. . 13,858 | 14,055 | 14,194 4] -10 0.0 | 13,905 | 13,927 | 14,062 | 13,693 +15
Transportation equipment... . . 15,261 | 15,348 | 15,329 ‘og | +01} 421 | 15,258 | 15361 | 15,382 | 14,242 | +71
Instruments and related products . oso | ees | «8725 | +17] 419] +08] 9089 | 8839 | 8649 | 8106 | +121
Lumber, furniture and
miscellaneous durable goods .... . 10,624 | 10,438 | 10412] +18] +02] +0.5 | 10,238 | 10,173 | 10,591 | 9,626 +64
Nondurable goods industries . 62,501 | 62,657 | 62,464 02) +03] +06 | 63,004 | 63,153 | 62,962 | 61,416 42.6
Food and kindred products 11427 | 113346] 11368 | +07] -02] +17 | 11,497 | 11484 | 11606 | 11,274 42.0
Tobacco products... .. 51175 230 | 3,257 “Lif 05 | -19 | 5243, | 53396 | 51567 | 5,305 +12
Textile mill products’: 31055 | 3,067 | 3,047 oa] +07] +01 | 3126 | 3118 | 3,09 3.275 45
Paper and allied products... . - goa | 040 | 7960 | +01] +10] -04] 8131 | 8112 | 8035 ] 7,895 +3.0
Chemicals and allied products 15044 | 15:097 } 15,024] -04] +05 | +09 | 15111 | 15,112 | 15,028 | 14180 | +66
Petroleum and coal products 37242 | 3435 | 3556] 56] 34] +14 7305 | 3,510 | 3,46 37705 | 10.8,
Rubber and plastics products 6482 | 6464 | 6466 | +03 00 | +06] 6538} 6502 | 6532 | 6,257 +45
Apparel printing, and publishing
and leather goods .... . 10,028 | 9978] 9,786 | +05] +20] +12] 10053} 9,919 | 9,630 | 9,525 455
WORK IN PROCESS
All manufacturing industries 149,115 | 146,662 | 146,461 | 41.7] +01 | +07 | 149,370 | 145,549 | 146,784 | 140,007 +67
Durable goods industries ........ 119,340 } 117,344} 117,000 | +17] +03 | +0.7 | 119,770 | 116,704 | 117,422 | 112,832 +6.1
Stone, clay, and glass producis « 1,26 1279 | 1,299 4] -15 | +06 325 1373 1/385 1314 | +08
Primary metals : 8,701 674 | 81796 | +03 | -14] -20 | 8748 | 8.745 | 8,799 | 8,829 09
Fabricated metal products... | 8395 | 8393 | 8081 00} +39] -03 | 8434 | 8375 | 7,975 (927 | +64
Industrial machinery and equipment | 23,765 | 23368 | 23,527 | +1.7| -07 | +14] 24,065 | 23,022 | 23,709 | 23,042 +44
Electronic and other
clectrical equipment . . 16,167 | 15,885 | 15,820] +18} +04] +14} 16,171 | 15,741 | 15,950 | 14,708 +99
Transportation equipment... . . 46026 | 44°508 | 44’sas | 432] +01 | +08 | 45,891 | 44,372 | 44,740 | 41,891 495
Instruments and related products | 9803 | 9888 | 9,797 09 | +09] -02] 9901 | 9,805 | 9,743 | 10,115 21
Lumber, furniture and
miscellaneous durable goods . 5222 | 5,262 | 5,135 0g | 425} +14] 5235] 5271) 5,121 5,006 +4.6
Nondurable goods industries 29,775 | 29318 | 29,461 | +16] -05 | +06 | 29,600 | 28,845 | 29,362 | 27,175 +89
Food and Kindred products 5/384 313 3373} +13] -11 -0.2 049 | 5,15 5371 | | 4,67 +8.0
Tobacco products. . . . 196 173 159 | +133] +88] +161 161 156 156 16 -18
Textile mill products . . 2,591 | 2,591 | 2,611 00) -08 | 02] 2620] 2,583 | 2612 | 2,572 +19
Paper and allied products - 1352 } 1/853 | 1,895 01] 22] +01 1,861 1352 | 1910 | 1696} +9.7
Chemicals and allied products 8/852 | 8/595 | 8587 | 430] +01) +11 sss | 8443 | 8567 | 73311 | +215
Petroleum and coal products 7530 | ssa] 2564 | 09] -04| +48] 2581 | 2549 | 2533 | 2,812 82
Rubber and plastics products 2/234 | 2271 | 2251 6] +09 | +09] 2215 | 2/280 | 2297 | 2155 +28
Apparel printing and Publishing”
and leather goods .........-.-- 6136 | 5,968} 6021} +428] -09 | -08] 6227] 5,823 | 5,916 | 5,790 475
FINISHED GOODS
All manufacturing industries 160,017 | 160,494 | 160,361 03 | +01 | +05 | 162,387 | 161,289 | 162,526 | 158,058} +2.7
Durable goods industries ......... | 81,191 | 81,627 | 81,471 +02 | +08 | 83,002 | 82,294 | 82,998 | 81,329 42.1
Stone, clay, and glass products’. 4582 | 4,601 | 4,575 406 | +06] 4776] 4753 | 4710 | 4,707 +15
Primary metals -. 0.2.2... 8,041 8,085 | 8,127 05 | -12 | 8221 | 8,227 | 8,291 81139 +10
Fabricated metal products J | 10,694 } 10,661 | 10,717 03 | +17 | 11080 | 10,963 | 10,948 | 10,303 475
Industrial machinery and equipment | 18,766 | 19,162 | 19,265 21 | 05 | 42:0 | 19145 | 19,282 | 19,965 | 19,142 00
Electronic and other
clectrical equipment .. . . 11,436 | 11,547} 11,358] -10] 41.7 | +19 | 11646 | 11,267 | 11,333 | 11,488 +14
Transportation equipment . . . 9,016 | 9,099 | 9,004 09) +11 oo | 9144] 91279} 9141 | 9,621 -5.0
Instruments and related product 6710 | 6658 | 6669 | +08] -02 | +02] 6736] 6520] 6609 | 6,595 42.1
Lumber, furniture and
miscellaneous durable goods . . 11,946 | 11,814 | 11,756 +05 | -0.1 | 12,254 | 12,003 | 12,001 | 11,334 +8.1
Nondurable goods industries... . . 78,826 | 78,867 | 78,890 00 | +02 | 79,385 | 78,995 | 79,528 | 76,729 43.5
Food and Kindred products « 19,479 | 19,657 | 19,757 05 | +01 | 19,055 | 19313 | 19,717 | 18,284 +42
Tobacco products. . . 795 855 834 425 | 417 69% 815 1,02 701 -0.7
Textile mill products’ |: | 4,703 | 4,680 | 4,681 oo | +08} 4877) 4,664 | 4,757 | 4,595 +61
Paper and allied products : 6,606 | 6,565 | 6,582 03 | 01} 6.759 | 6,693 | 6696 | 6,589 +26
Chemicals and allied products’: : 22,025 | 21,964 | 21,961 0.0 | +11 | 22471 | 22,464 | 22,531 | 20,949 473
Petroleum and coal products 5,431 5214 196 403 | -23 | “S420 | “S013 | “5,017 | 5,995 9.6
Rubber and plastics products. - Tne | 7,712} 77814 13-| -08 | 7949 | 8023 | 8,101 7916 | +04
Apparel, printing, and publishing
and leather goods . . . 12,071 | 12,220 | 12,065 -l2| +13 | +05 | 12,158} 12,010 | 11,689 | 11,700 | +39

? Preliminary. ‘ Revised.

See note at end of table 2 relating to survey error and revision.


Table 3. VALUE OF MANUFACTURERS’ UNFILLED ORDERS FOR INDUSTRY GROUPS

(Millions of dollars)

Seasonally adjusted

Not seasonally adjusted

Industry Monthly Percent Change Monthly Percent
change
Apr. Mar. Feb.| Mar-| Feb-| Jan Apr. Mar. Feb. Apr.} Apr.
1998" 1998" 1998]  Apr.]| Mar} Feb.} 1998? 1998" 1998 1997] 98/97
All manufacturing industries .... . 540,850] 538,544] 542,997 40.4 -0.8 0.5} 545,601] 541,260] 547,256] 527,593 43.4
Manufacturing industries
without defense capital goods .... 438,337] 436,292] 439,011 40.5 0.6 03} 440,728] 436,775] 442,201] 415,873 +6.0
Durable goods industries . . $15,441] 512,973] 517,175] +0.5 08] — -05| 519,939] 515,799] 522,097] 501,539] +3.7
Stone, clay, and glass products .. . . 6373| 6401] 6,331 04] +11 2.0} 6524] 6,527] 6,445] 6,960] -6.3.
Primary metals . 33,213| 33,161] 33,874] +02] = -2.1 -O.1] 34,269] 34,710] 35,397] 31,664] +8.2
Blast furnaces, steel mills ....... | 14,044] 14,190] 14,233] -1.0] 0.3] = 40.2] 14,584] 14,940] 14,980] 12,828] +13.7
Iron and steel foundries ........ 5,750] 5,794) 5,678] 0.8] 42.0) +19] 5.942] 6059] 5828) 4,841] +22.7
Nonferrous and other primary
metals ........... . 13,419] 13,177} 13,963) +1.8] 5.6] -L.D | 13,743] 13,711] 14,589] 13,995] -1.8
Fabricated metal products 27,564) 27,203] 27,248 413 -0.2 0.1 27,499] 27,162] 27,283] 25,534 471.7
Industrial machinery and equipment 73,695] 73,780} 73,182) -0.1] +08] +07] 73,815] 74169| 74,407] 74,224] -0.6
Engines and turbines .......... 11,887] 11,598] 11,862] #2.5 22] +07) 11,381] 11,392] 12,041] 12,004] -5.2
Construction, mining and
material handling equipment 11,243 11,169 10,949 $0.7 +2.0 43.5 11,679 11,748 11,305 9,464] +234
Metalworking machinery : 7,386 7,460 7,307 -1.0 42.1 +19 7,386 7,460 7,307 8,767 -15.8
Computer and office equipment . . . 77928] 8055] 7987] -16] +09) +03] 7,838] 7,752] 7,868] 9,356] -16.2
Electronic and other
electrical equipment . 58,603] 56,733] 56,484 43.3 +04 03] 59,463 55,517] 57,383 52,467] +13.3
Electrical transmission and
distribution equipment and
industrial apparatus ........ 6148] 6,224] 6,298] 12] 12] 40.4] 6,246] 6,353] 6,407] 6,853 89
Electric lighting and
wiring equipment . . . 5112} 5,033] 5,063) +16] = -0.6) +46] 5,112] 5,033 5,063) 4,505] +13.5
Communications equipment 16,397] 16,405} 15.915 oo] 431] 426] 16399] 16,407] 15,933] 13,888} +18.1
Electronic components . . 24,737| 22,864] 23,033] +82] = 0.7] 3.7] 25,507] 21,523] 23,599] 21,226} +20.2
Transportation equipment . . . 259,673 | 258,903] 262,499) +03 -14{ — -0.7] 261,818] 260,958] 263,538) 255,468] +2.5
Aircraft, missiles,
space vehicles, and parts. . . 225,873 | 223,946] 227,267] +09] = -1.5 -08} 227,924] 225,718] 227,991] 223,209} +2.1
Shipbuilding and tanks . . 17,877] 18,369] 18,366] -2.7 0.0] -14] 17,808] 18,338] 18,384] 18,556] — -4.0
Instruments and related products . . 48,124] 48,216] 48,644] -02] = -09] = 0.7] 48,416] 48,547] 49,203] 47,489] 42.0
Search and navigation equipment 27,841] 28,033} 28,265 0.7 -0.8 -0.7] 28,148] 28,492) 28,592] 28,284 -0.5
Measuring and controlling devices 9,879] 10,023] 10,174) -14] 0-15 -13] 9,879] 10,023] 10,174] 9,943 -0.6
Medical instruments and supplies 8975] 8734] 8492] 428} 428] +13 8,982] 8,564] 8,767] 7,895] +13.8
All other durable goods .......... 8196] 8576] 8913) 44) -38] -33] 8135) 8209] 8,441 7.733] +5.2
Nondurable goods industries . . . . 25,409] 25,571] 25,822 0.6 -1.0 -0.5| 25,662] 25,461] 25,159] 26,054 15

° Preliminary. ‘ Revised.

See note at end of table 2 relating to survey error and revision.


Table 2. VALUE OF MANUFACTURERS’ NEW ORDERS FOR INDUSTRY GROUPS
(Millions of dollars)

Seasonally adjusted ‘Not seasonally adjusted’
Monthly Percent Change Monthly Percent Year to date
Industry change

Apr.| Mar.| Feb. | Mar.-| Feb-| Jan-} Apr.| Mar.|  Feb.| Apr. | Apr.
1998"] 1998") 1998] Apr.] Mar.| Feb.] 1998] 1998'] 1998] 1997] 98/97] 1998" | 1997

All manufacturing industries... . . | 340,113] 336,158] 335,335] +1.2] +0.2) -0.7] 338,695] 352,168} 334,589] 325,066) +4.2] 1,337,529 ]1,288,104
Manufacturing industries

with unfilled orders . wee +++] 194,959} 190,148] 190,217] +2.5 0.0} -1.7| 191,888] 201,978} 190,242] 178,472) +7.5| 763,002] 718,515

without defense capital goods . .. . . 333,050) 331,111] 329,995] +06) +0.3} 0.1) 331,772] 345,516} 328,885] 319,512 +3.8] 1,310,859 |1,263,973

Durable goods industries
With unfilled orders... .
Stone, clay, and glass products
Primary metals ........
Blast furnaces, steel mills .
Iron and steel foundries
Nonferrous and other primary
metals... .... 20.0260. vsss-f 7,717] 6,628] 7,373) +164) -10.1} 1.7] 7,761] 6,868] 7,932] 7,977] -2.7] 29,959] 31,935
Fabricated metal products -. ++} 20,028] 19,923] 19,924] +0.5] 0. + +2.4) 20,244! 20,609] 20,246] 19,603] +33] 79,003] 75.303,
Industrial machinery and equipment .| 36,941] 37,416| 36,620] -13| +22) +3.31 35,347] 43.315] 36,090] 32,781] +7.8] 145,760] 131.461

190,367] 186,284] 185,800] +2.2] +0.3} 0.91 190,143] 199,929} 188,217] 177,266) +73) 750,745] 708,680
157,111] 152,336] 152,489) +3.1 0.1 -1.9] 154,659] 163,542] 153,143} 142,561 +8.5) 614,971] 576,794
7,950) 8,032) 7,821 1.0) +2.7) +03) 8,184 7,853] 7,360 7,892| 43.7 30,323} 28,696
15,339] 14,655] 15,482] +4.7] 5.3) +2.8) 15,366] 15,308] 16,970] 16,282! 5.6 63,330} 65,061
6,059} 6,239] 6,337) -2.9) -1.5{ +5.3} 6,026] 6,465] 7,040} 6,708 -10.2 26,263) 26,717
1,563 1,788) 1,772) -12.6]  +0.9) +14.2| 1,579) 1,975 1,998 1,597 -Ld 7,108 6,409

Engines and turbines .......... 2,310) 1,883) 2,078) +22.7] -9.4) +54) 1,885) 1,903] 1,782) 1,362| +384] 7,098] 6374
Construction, mining and
material handling equipment ....] 4,205] 4,331] 4,461! -291  -2.9) +94) 4,201] | 5,046] 4,828] 4,041] +4.0) 18,192| 16,050
Metalworking machinery. . -} 3,421] 3,624] 3,559] -5.6] +18) 42.5] 3,197] 3,862] 3,396] 3,359] -48] 13,157] 12896
Computer and office equipment ...] 10,652} 10,647] 10,192) 0.0] +45] +3.7] 8.494] 13,935] 9.045] 6805] +248] 38865) 31.963
Electronic and other
electrical equipment ........... 32,314) 31,229] 30,880] +35] +1.1] -1.1] 32,025] 31,473) 29,897] 27,053] +18.4] 123,308] 113,479

Electrical transmission and
distribution equipment and
industrial apparatus ........... 3,333] 3,491] 3,632] -4.5]  -3.9) +7.9} 3,262] 3,839] 3,854] 3,332) -2.1] 14,024) 13,311
Electric lighting and
wiring equipment .......
Communications equipment
Electronic components .
Transportation equipment .
Aircraft, missiles,
space vehicles, and parts.
Shipbuilding and tanks

2,275} 2,168 2,389) +4.9) -9.3] +9.3) 2,185} 2,336} 92,462} 2,187, 0.1 8,918 8,354
6,787 7,589] 7,488) -10.6) +13} -6.0) 5,808] 8,472) 6,914 5,336 +8.8 27,357] 23,400
14,361) 12,297] 11,706} +16.8) +5. 5.1] 15,647) 11,275} 11,236} 10,955] +42.8 51,997] 46,921
45,251} 42,108] 42,361] +7.5) 0.6] -7.4) 47,050] 46,945] 45,436] 41,546] +132] 181,401] 169,024

13,201 8,166] 9,495} +61.7) -14.0] -34.81 13,263] 10,356] 9,209] 8,345] +58.9 45,776} 38,220
570) 970} 583] -41.2) +66.4) -36.6) 561 956 673) 723 22.4 2,939 2,382

Instruments and related products ....] 13,483] 13,288] 13,267 +15] +0.2| 12,842] 14,054] 13,515] 12,438] 3.2} 52,417] 51,564
Search and navigation equipment .| 2,724] 2,624] 2,623] +3.8] 0.0) 2,497| 2,978] 2,882] 2.259] +105] 10,642] 10,795
Measuring and controlling devices .| 3,672| 3,700] 3,882] -0.8) | -4.7 3,459] 4,010] 3,833] 3,667] -5.7] 14,929] 15,030
Medical instruments and supplies .] 4,617] 4,739] 4,474] -2.6] +59) +0.7| 4,496] 4,686] 4:500| 4.140] +8.6) 17890] 16351

All other durable goods ........., 19,061} 19,633] 19,445] -2.9] +1.0] +1.0/ 19,085] 20,372] 18,703} 19,671] -3.0] 75,203] 74,092

Nondurable goods industries ....... 149,746] 149,874] 149,535] 0.1] +0.2} 148,552] 152,239] 146,372] 147,800] +0.5| 586,784] 579,424
With unfilled orders .......... 37,848] 37,812) 37,728] +0.1) +022 37,229] 38,436] 37,099] 35,911] +3.7| 148,031} 141,721

* Preliminary. * Revised.
' Shipments and new orders are the totals for the period and are adjusted for trading-day and calendar-month variations.

(n) When new orders for a prior month are negative because of cancellations, the percentage change calculation is algebraically negative, even though there is a net dollar
increase from the prior month to the current month.

Note : Estimates of manufacturers’ shipments, inventories and orders are subject to survey error and revision. One major component of survey error is nonsampling error,
which includes errors of coverage, response, and nonreporting. Since the survey panel is not a probability sample, estimates of sampling error cannot be calculated, Further
details on survey design, methodology, and data limitations are contained in our most recent annual benchmark publication, Current Industrial Reports: M3-1(96),
"Manufacturers’ Shipments, Inventories, and Orders: 1987-1996."


Table 1. VALUE OF MANUFACTURERS’
(Millions of dollars)

SHIPMENTS

FOR INDUSTRY GROUPS

Seasonally adjusted

Not seasonally adjusted’

Monthly Percent Change Monthly Percent | Year to date
Industry change
Apr.| Mar.| Feb. | Mar-| Feb.-} Jan-| Apr.| Mar. | Feb. Apr. |_—_ Apr.
1998] 1998'] 1998] Apr.| Mar.| Feb.] 19987] 1998] 1998] 1997] 98/97] 1998" | 1997
All manufacturing industries... . 337,807] 340,611] 337,893] -0.8]  +0.8|  +1.3] 334,354] 358,164] 335,123] 325,134) +2.8] 1,327,276 ]1,272,730
Manufacturing Industries
with unfilled orders 192,653] 194,601] 192,775] -1.0] +0.9}  +1.8| 187,547] 207,974] 190,776] 178,540] +50] 752,749] 703,141
without defense capital goods 331,005] 333,830] 331,335] 0.8] +0.8] +1.3] 327,819] 350,942) 328,413] 319,114] +2.7] 1,301,494 1,248,641
Durable goods industries 187,899] 190,486] 188,233| -1.4] | +1.2]  +2.8| 186,003] 206,227] 188,734] 177,787] +46] 740,993] 694,715
With unfilled orders + 154,643] 156,538] 154,922] -1.21  +1.0]  +2.6 150,519} 169,840] 153,660] 143,082] — +5.2| 605,219| 562,829
Stone, clay, and glass products : 7,978] 7,962| 7,949] +0.21 +02) +13) 8187] 7,771] 7,340] 7,800] +5.0] 30,044] 28,313
Primary metals. . 15,287| 15,368] 15,506] -0.5]_ -0.9|_ +0.8} 15,807] 15,995] 15,960] 16,000] -12] 62,398] 61,835
Blast furnaces, steel mills 6.205] 6,282) 6,305] -1.2] -0.4] +03] 6,382] 6,505] 6,552] 6,462} 1.2] 25,571] 25,424
Iron and stee! foundries 1,607] 1,672 1,666] -3.9] +04, +9.) 1,696) 1,744) 1,744) 1,574) +78] 6,611] 5,860
Nonferrous and other primary
metals ............-- 7,475] 7,414] 7,535| +08] -1.6]  -0.4) 7,729] 7,746] 7,664] 7,964] -3.0) 30,216] 30,551
Fabricated metal products -| 19,667] 19,968] 19,945] -1.5] +0.1] | +3.7/ 19,907] 20,730] 20,137} 19,268] +33] 78,222] 73,999
Industrial machinery and equipment .| 37,026] 36,818] 36,091] +0.6| +2.0/  +1.3) 35,701) 43,553) 35,431] 32,264] +10.7] 144,853] 129,401
Engines and turbines 2021] 2,147] 1,992] -5.9] +7.8) +4.5] 1,896] 2,552] 1,979] 1,785) +6.2] 8,001] 7,071
Farm and garden machinery 2286] 2151] 2,120] +63] +1.5] -1.3) 3,100] 2,886] 2,500} 2,691) +15.2] 10,414] 9,264
Construction, mining and
material handling equipment . . 4,131] 4,111] 4,089] +0.5] +05] +0.7] 4,270] 4,603] 4,340] 3,994) 46.9] 16,891] 15,215
Metalworking machinery 3,495] 3,471] 3,421] 40.7] +15] -0.8] 3,271] 3,709] 3,258] 3,152} 43.8] 12,916] 12,339
Computer and office equipment . 10,779] 10,579] 10,165) +1.9] +4.) +3.6 8,408] 14,051] 8,859] 6,678] +25.9) 38,754] 32,388
Electronic and other
electrical equipment ........... 30,444] 30,980] 31,026] -1.7]  -0.1] +4.8] 28,079] 33,339] 30,235] 26,632) +54) 116,706] 108,874
Electrical transmission and
distribution equipment and
industrial apparatus . 3,409] 3,565] 3,607] 4.4) 43.4) 3,369] 3,893] 3,703] 3,309] +1.8] 13,999] 12,760
Household appliances 2,142] 2,153] 2,197] -0.5 42.1] 2,122] 2,377] 2,099] 1,994] +64] 8,341] 7,747
Electric lighting and
wiring equipment ........ 2,196] 2,198] 2,166 -0.1]  +1.5] -0.1] 2,106] 2,366) 2,239] 2,065] +2.0] 8,629] 8,263
Household audio and
video equipment ............. 1,404) 1,373] 1,348] +23] +19} +0.8) 1,146] 1,318] 1,218] 1,044] 49.8] 4,722] 4,489
Communications equipment 6,795] 7,099] 7,080] 4.3] +03] +5.0] 5,816] 7,998} 6,481] 5,329| +9.1] 25,259] 21,912
Electronic components . 12,488] 12,466] 12,582) +02) -0.9|  +7.2] 11,663) 13,351) 12,501] 10,814] +79) 48,189) 45,456
Transportation equipment . 44,481] 45,704] 44,343) -2.7] 43.1) +4.0] 46,190] 49,525] 47,205} 44,282] +43] 180,308] 169,291
Motor vehicles and parts 30,297 31,029] 30,310] -2.4] +24) +6.1) 32,145] 33,469] 33,510} 31,126] +3.3] 125,589] 120,965
Aircraft, missiles,
space vehicles, and parts. 11,274{ 11,487] 11,258] -1.9]  +2.0]  -2.6 11,057] 12,629] 10,936] 10,436] +6.0] 43,444] 37,920
Shipbuilding and tanks 1,062/ 967) 842) -+9.8) +14.8) +14) 1,091] 1,002) 851] 891] 422.4 3,551) 3,279
Instruments and related products 13,575] 13,716] 13,621] 1.0] +0.7} +2.0) 12,973] 14,710] 13,464) 12,407 +4.6] 52,945] 49,887
Search and navigation equipment 2916] 2856) 2,823) 42.1] +12) +11) 2,841] 3,078] 2,931] 2,530] +119] 11,298] 10,128
Measuring and controlling devices .} 3,816] 3,851] 4,011] -0.9| -4.0 +2.7] 3,603] 4,161] 3,962) 3,601] -2.41 15,194] 14,834
Medical instruments and supplies 4376 4,497| 4,368] -2.7| +3. 0.0) 4,078] 4889) 4.317] 3,797 +7.4) 17,220] 15,882
Photographic goods . 2,002} 1,984] 1,938] +09] +2.4] +63) 1,984] 2,042) 1,807] 1,9261 +3.0] 7,349] 7,338
All other durable goods 19,441] 19,970] 19,752) 2.6] +1.1] +2.1) 19,159] 20,604) 18,962] 19,134] +0.1] 75,517) 73,115
Nondurable goods industries 149,908] 150,125] 149,660} +03) -0.6/ 148,351} 151,937] 146,389] 147,347] +0.7| | $86,283] 578,015
With unfilled orders... . 38,010] 38,063] 37,853 +0.6 © -1.3) 37,028} 38,134] 37,116] 35,458] +4.4) 147,530] 140,312
Food and kindred products . . 41,795] 41,872] 41,802 +0.2} -0.5] 40,608] 42/331] 40,483) 38,970] +4.2) 162,571] 155,100
Meat products . 8,954] 9,001] 8,983 +02} -0.1) 8,655] 8,972] 8,696] 8,606] +0.6] 34,604) 34,233
Dairy products . 6,049} 6,066] 6,058 40.1) +4.0| 5,867] 6,246] 5,957] 4,745] +23.6] 23,801] 19,555
Beverages .. . -| 6,113} 6,002] 6,181 -29| -0.7| 6,110] 5,936] 5,549) 5,865] +4.2] 22,908] 21,720
All other foods, except fi fats and oils | 18,577| 18,629] 18,390} +13) -2.5] 17876] 19,003] 18,091] 17,611] +15] 72,685] 71,337
Tobacco products... ....| 3,429] 3,362) 3,506} -4.1| +6.7| 3,215] 3493) 3,481] 2,913) +104] 13,113] 12,093
Textile mill products 6,644] 6,742] 6,855) -1.6|  -3.7| 6,336] 7,230) 6,651] 6,574] -3.6] 26,371] 26,269
Broadwoven fabrics and
other textiles 4,028] 4,205] 4,219] 4.2] -0.3] -2.5] 3,880) 4,680] 4,177) 4,091] -5.2] 16,579) 16,541
Paper and allied products . 14,021] 14,017] 13,942] 0.0] +05] -1.5] 13,774] 14,130] 13,945] 13,310] +3.5] 55,463] 52,664
Pulp, paper, and
paperboard mill products ..... . 5,440] 5,438] 5,516| 0.0] -1.4) 1.0} 5,308] 5,471] 5,502] 5,313] -0.1] 21,601] 20,936
Paperboard containers and boxes ..} 3,513] 3,525] 3,442 -0.3] +24] -2.7] 3,553] 3,607| 3,464) 3,268) +8.7! 14,051] 13,009
Miscellaneous converted
paper products ............. 5,068] 5,054] 4,984 +14) -13) 4,913] 5,052] 4,979] 4,729] +3.9] 19,811] 18,719
Chemicals and allied products 32,244] 32,556] 32,377 +0. —-0.7) 33,603] 34,302] 31,903) 34,258] —-1.9] 130,989] 131,020
Industrial chemicals . 14,805] 15,125] 15,360] -1.5|  -2.5] 15,198] 15,718] 15,571] 16,612) 8.5] 61,501] 64,512
Drugs, soaps, and toiletries . 13,170} 13,210} 12,787 43.3} +11) 12;511] 13,844) 12142] 12011] +42] 50,949] 49,251
Petroleum and coal products 13,304] 13,307] 13,210] +0.7]  -1.9] 13,103] 12,172] 12,175) 14,977] -12.5} 49,769) 59,021
Rubber and plastics products 12,664] 12,668] 12,651 +01) +0.6f 13,071] 13,193] 12,795] 13,122) -0.4] 50,732] 49,721
All other nondurable goods 25,807] 25,601] 25,317 +11) -0.3) 24,641] 25,086] 24,956] 23,223] +6.1] 97,275] 92,127

* Preliminary. * Revised.

' Shipments and new orders are the totals for the period and are adjusted for trading-day and calendar-month variations.

See note at end of table 2 relating to survey error and revision.