Table 4. VALUE OF MANUFACTURERS’ INVENTORIES FOR INDUSTRY GROUPS

(Millions of dollars)

Seasonally adjusted

Not seasonally adjusted

Industry Monthly Percent Change Monthly Percent
change
June May Apr.| May-| Apr- | Mar- June May Apr. June} June
1995" 1995" 1995] June} = May} Apr. 1995" 1995" 1995 1994] 95/94
All manufacturing industries .. . . . 408,942 | 408,289} 405,678 40.2 40.6 +0.9] 408,070} 412,496] 407,559] 381,411 47.0
Manufacturing industries
with unfilled orders... . . os 273,243 | 272,536] 270,365 +03 +08 +1.0] 273,971] 276,650] 272,160] 253,976 +79
without defense capital goods . . 386,930 | 386,279} 383,707} +0.2] = +0.7] —+1.0| 385,880] 390,082] 385,546] 356,791] +82
Durable goods industries 256,847] 256,787] 255,334 0.0] +06} +0.8} 256,441] 260,036] 256,567] 240,275] —+6.7
With unfilled orders : 235,538] 235,229] 233,723) +01} 40.6] —-+0.9| 235,734] 238,593} 234,876] 220,417] +69
Stone, clay, and glass products . 8,355 8,278 8,092] +09] +423] +26 8,441 8,498 8,321 7,408 |  +13.9
Primary metals. . . : 21,850} 21,741] 21,716] +05) 40.1] +11] 21681] 21,760] 21.777] 19,540] +11.0
Blast furnaces, steel mills. 10,475] 10,381] 10,361] 40.9] +02} = +18] 10,286] 10,256] 10,215 9370{  +9.8
Iron and stee! foundries 1,648 1,638 1,631 +0.6 +04 +L 1,668 1,683 1,673 1,524 49.4
Nonferrous and other Primary
metals . . . eee 9,727 9,722 9724] +0.1 00} +03 9,727 9,821 9,889 8,646] +12.5
Fabricated metal products - | 25,484] 25,535] 25,399 02) +05} +10] 25,766] 25,876] 25,734] 23,432] +10.0
Industrial machinery and equipment : $2,215] 52,320] $1,728 02] +11} +09] 51,758] 52,905] 51,770] 47,966] +79
Engines and turbines 3,866] 3,783 3,715} 422] +18 57 3,830 3,815 3,728 3571} +73
Farm and garden machinery 2,778 2,780 2,816 -0.1 -13 “15 2,567 2,641 2,757 2,336] +9.9
Construction, mining and
material handling equipment 6,485 6,489 6411 0.1 +12 +0.5 6,517 6,580 6,499 5,823] +119
Metalworking machinery sees 6,087 6,077 5,970 +0.2 +18 +0.9 611L 6,122 6,005 5,920} +10.7
Computer and office equipment . . . 11,206] 11,460] 11,273 22) +17] 42.7] 10915] 11,718] 11,076] 11,576 “5.7
Electronic and other
electrical equipment 43,710} 43,260} 42,996] +10] 40.6] +1.0] 44,018] 44,268] + 43,509] 36,802] +19.6
Electrical transmission and
distribution equipment and
industrial apparatus... . . . 4,810 4807] 4,815] +0.1 -0.2 0.3 4,838 4,877 4,872 4425] +93
Household appliances ......... 2,865 2,888 2,905 -0.8 -0.6 03 2,957 3,147 3,120 2,675) +105
Electric lighting and
wiring equipment . . 3,242 3,279 3,209 ll} 422] +16] 3,326 3,362 3,244 3,033] +97
Household audio and
video equipment .. . - 1,551 1,541 1512] +06] +19] 9 +52 1,653 1,575 1,483 1165] +419
equipment... 14,118} 14,015] 13,906] 40.7] 40.8] 9 +L] 14117] 14510] 14159] 10,728] 431.6
Electronic components .. . 13,449] 13,125] 12,984) 42.5) +11] 40.6] 13,382] 13,108} 12.926] 11,395] +174
Transportation equipment... .. . 58,609] 59,221] 58,856 1.0] +06] +04] 57,953] 59,820] 58,644] 59.471 26
Motor vehicles and parts... . . 12,307 12,450 12,404 “ll +04 40.9 11,868 12,244 12,236 11,513 43.1
Aircraft, missiles,
space vehicles, and parts. 41,801 42,006} 41,728 -0.5 +0.7 0.0] 41,645] 42,780] 41,642] 44,034 3.4
Shipbuilding and tanks . . . 1,501 1,517 1,518 “Ld 0.1 2.6 1,513 1,579 1,570 1465] +33
Instruments and related products 22,127] 21,846] 21,963} +13 05] 40.1] 22,348] 22,114] 22,125} 22,166] +08
Search and navigation equipment. 5,431 5,382 5513] +09 24 +12 5,481 5,428 5,550 5,851 63
Measuring and controlling devices . 7,100 6,984 6,969 +17 40.2 413 7,164 7,065 7,028 6,525 49.8
Medical instruments and supplies 6,124 6,095 6,099 40.5 0.1 +0.5 6,179 6,177 6115 6,269 -14
Photographic goods 2,594 2,507 2501] 435] +02 -0.8 2,635 2,558 2,539 2,692 21
All other durable goods . . 24,497] 24,586] 24,584 -04 0.0} +12] 24476] 24,795] 24,687] 23,490] 44.2
Nondurable goods industries 152,095] 151,502] 150344] +04] +08] +10] 151,629} 152,460} 150,992] 141,136] +74
With unfilled orders... . . 37,705 37,307] 36,642 +11 +18 +18} 38,237] 38,057] 37,284] 33,559] +13.9
Food and kindred products. 31,056} 31,034] 31,165] 40.1 -04 04] 29,542] 29,836] 30,303] 29,118] -+1.5
Meat products . 3,581 3,522 3465] +17] +16 -0.7 3,660 3,588 3,524 3,493] +48
Dairy products . 2,612 2,604 2812] +03 744) 404 2711 2,698 2,880 2,788 28
Beverages .... 5,330 5,343 5,331 02) +02] +01 5,303 5,348 5,359 5,283] +04
All other foods, except fats and oils 17,986} — 18,030} 18,062 0.2 -0.2 -03 16,367] 16,651 16,987] — 15,807 43.5
Tobacco products : o 5,317 5,336 5,404 0.4 “13 -1.6 5,030 $5,173 $,412 5,654 -11.0
Textile mill products 10,254 10,182 10,108 +0.7 +0.7 +0.9 10,388 10,583 10,411 9,764 +6.4
Broadwoven fabrics and
other textiles... . 5,756 5,691 5,628 +11 +11 40.9 5,773 5,857 5,789 5,415 +6.6
Paper and allied products 15,381 15,050 14,759 42.2 $2.0 421 15,531 15,393 15,130 13,517] +149
Pulp, paper, and
paperboard mill products 5,922 5,768 5,663 42.7 +19 +17 5,958 5,911 5,808 5,691 44.7
Paperboard containers and boxes . 4,346 4,190 4,058 43.7 433 +4.0 4,394 4,227 4,144 3,215] +36.7
Miscellaneous converted
Paper products ..... 5,113 5,092 5,038} +04) +11f +11 5,179 5,255 5,178 4611] +123
Chemicals and allied products 35,841] 35,716] 35,254 403 413 +16] 35,613] 36,024] 35,582] 33,735 +5.6
Industrial chemicals . o 17,749 17,730 17,429 +0.1 +17 42.5 17,625 17,760 17,427 15,912] +108
Drugs, soaps, and toiletries... 13,095] 13,104] 13,059 0.1] +03) +02] 13,265] 13,437] 13,128] 13,708 “3.2
Petroleum and coal products 11212] 11,297] 11,235 -0.8 +0.6 +13] 11,423} 11,547] 11,191] 10,557] $8.2
Rubber and plastics products 14,273 14,178 14,129 40.7 40.3 +19 14,214 14,342 14,376 12,370 +14.9
Alll other nondurable goods 28,761] 28,709] 28,290] +0.2 +15] +12] 29,888] 29,562] 28,587] 26.421] 413.1

” Preliminary. * Revised.

See note at end of table 2 relating to survey variability


10 Total Manufacturing
New Orders and Shipments

Three Month Moving Averages
Billions of Dollars
340 340

New Orders

320 Shipments |—1 320

300 300

280 280

260

240 1 1 1 1 1 1 1 1 1 1 L 1 1 240
Jun Aug Oct Dec Feb Apr Jun Aug Oct Dec Feb Apr Jun

Jun. 1993 - Jun. 1995

Total Manufacturing
Ratio of Unfilled Orders and
Inventories to Shipments

\/S Ratios UO/S Ratios
2.5 3.9
24 F----- 7 rr rr rrr tr rr rr rr rt rt te vos |-4 3.8
2.3 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 =f 2.8
1.3 2.7
1.2 1 1 L 1 1 1 1 1 1 1 1 1 i 2.6

Jun Aug Oct Dec Feb Apr Jun Aug Oct Dec Feb Apr Jun
Jun. 1993 - Jun. 1995

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
June May Apr. | May- | Apr- | Mar June May Apr. June | June
1995" 1995" 1995 | June | May | Apr. 1995" 1995 1995 1994 | 95/94
UNFILLED ORDERS
All manufacturing industries 459,686 | 461,937 | 461,984 05 0.0 -0.5 | 460,248 | 466,720 | 467,845 | 450,531 422
Market categories :
Automotive equipment 2,108 2,108 | 2,137 oof -14 -10 | 2,045 2,099 2,162 2,021 +12
Home goods and apparel 10,476 | 10,613 9,983 3] +63 | +01 | 10.918 | 11,106 | 10,344 } 11,048 -12
Consumer staples . . . 1,734 1,719 1663 | +09} +34] +16 1,732 1,657 1,623 1472 | +17.7
Machinery and equipment 184,520 | 184,984 | 184,047 03] +05 -0.6 | 184,492 | 185,670 | 184,705 | 181,567 +16
Business supplies 6,150 6,255 6,241 A7] 402] 421 6,210 6,426 6,328 5,707 +8.8
Construction materials
and supplies 15,639 | 15,857 | 15,889 14] 02 -0.9 | 15,791 | 16,158 | 16,064 | 15,181 +4.0
Defense products 103,454 | 104,563 | 105,555 -il 0.9 -1.2 | 103,430 | 105,095 | 106,997 | 107,815 4.1
Other materials, supplies and
and intermediate products . 135,605 | 135,838 | 136,469 02] -05 0.0 | 135,630 | 138,509 | 139,622 | 125,720 +79
Durable goods industries
Nondefense capital goods * 204,344 | 204,441 | 203,211 00} +06 -0.6 | 203,939 | 204,692 | 203,479 | 199,334 423
Excluding aircraft and parts 98,621 | 97,621 | 96888 | +10} +08 0.0 | 98,216 | 97,872 | 97,156 | 83,243 | +18.0
Defense capital goods * 109,164 | 110,174 | 111,255 09] -10 -12 | 109,154 | 110,787 | 112,788 | 113,649 -4.0
Durables excluding capital goods 120,337 | 121,194 | 121,453 0.7 0.2 +0.2 | 120,677 | 124,449 | 124,977 | 112,990 46.8
Miscellaneous series :
Producers’ durable equipment 219,385 | 220,034 | 218,924 03 +0.5 -0.5 | 218,915 | 220,891 | 219,711 | 212,207 43.2
Household durable goods .. . 6,032 5,886 5592 | 425] +53 3.1 6,148 6171 5,860 6,024 42.1
Information technology industries . | 39733 | 39.608 | 39.607 | +03 0.0 | +03 | 39,980 | 40,096 | 39,451 | 34,225 | +168
Health care quipment
and products . 3,706 3,746 5.917 -0.7 2.9 09 5,706 5,746 5,916 6,907 | -17.4
TOTAL INVENTORIES
— ~All maouincburing industries ....~...| 408,942 | 408,289 | 405,678 | +02] +06 | +09 | 408,070 | 412,496 | 407,559 | 381,411 +70
Market categories :
Automotive equipment 6,566 6,636 6,613 -l} +03] +10 6,361 6,609 6,600 5,897 479
Home goods and apparel 33,871 | 33,809 | 33,684 | 40.2] +04] +10] 35,135 | 35,192 | 34209 | 325113 +94
Consumer staples . 58,842 | 58,954 | 58,949 0.2 0.0 | +01 | 57,615 | 58,283 | 58239 | 56,798 +14
Machinery and equipment 99,164 | 99,392 | 98,595 02] +08] +08 | 98,585 | 101,107 | 99,040 | 91,183 48.1
Business supplies . 23,726 | 23,644 | 23,313 | +03} +14] +16 | 23,781 | 23,891 | 23.619 | 20,808 | +138
Construction materials
and supplies 26,163 | 26,236 | 26,059 03] 40.7] +14 | 26,425 | 26,631 | 26,435 | 24,715 +69
Defense products . 21,382 | 21,335 | 21,230} +02] +05 -0.9 | 21,556 | 21,707 | 21,276 | 23.706 9.1
Other materials, supplies and
and intermediate products . 139,228 | 138,283 | 137,235 | +0.7 | +0.8 | +14 | 138,612 | 139,076 | 138,141 | 126,101 +99
Durable goods industries :
Nondefense capital goods * ..... . 93,965 | 94,311 | 93,468 04] +09] +09} 93,550] 96,149 | 93,881 | 86,267 48.4
Excluding aircraft and parts. . 67,706 | 67,953 | 67,215 04) +11 | +12 | 67,580 | 69,374 | 67,688 | 60,087 | +125
Defense capital goods * . . : 22,012 | 22,010 | 21,971 00 | +02 -0.7 | 22,190 | 22,414 | 22,013 | 24,620 9.9
Durables excluding capital goods 140,870 | 140,466 | 139,895 | +03 | +04 | +1.0 | 140,701 | 141.473 | 140.673 | 129.388 48.7
Miscellaneous series :
Producers’ durable equipment . . 159,872 | 159,989 | 158,999 0.1 | +06 | +0.9 | 159,465 } 162,312 | 159,783 | 146,779 +86
Household durable goods . 14,872 | 14,844 ] 14,842 | +02 0.0] +16] 15,195 | 15,288 | 14,994 | 13,886 +94
Information technology industries 35,607 35,601 35,301 0.0 +08 +17 35,411 36,490 35,441 32,256 +9.8
Health care equipment
and products _ 13,262 | 13,237 | 13.217 | +02) +02] +03 | 13,407} 13,499 | 13,272 | 13,713 22

See footnotes at end of table 5.

See note at end of table 2 relating to survey variability


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
June | May| Apr. | May-| Apr-| Mar-] June] May} Apr. | June | June
1995"} 1995"} 1995] June] May| Apr.) 1995"} 1995") 1995] 1994] 95/94] 1995? | 1994
SHIPMENTS
All manufacturing industries 298,652} 297,093} 295,293} +0.5] +0.6] — -1.1] 320,481] 298,324} 292,233] 300,347, +6.7 1,788,490 |1,649,946
Market categories :
Automotive equipment 13,720] 13,629] 13,823] +0.7} -1.4!  -6.0] 14,837] 14,917] 14,787] 15,033] -1.3] 89,853] 86,591
Home goods and apparel 19,743] 19,475] 19,481] +14) 0.0] 1.2} 20,475} 18,153] 18,188] 19,604] +44] 113,792] 108,626
Consumer staples... ... 60,166] 60,469] 60,854) -0.5] -0.6f +1.3} 62,673) 59,879] 58,701] 61,363] +2.1] 355,378] 342,804
Machinery and equipment $4,502] 53,380] 53,152) +2.1] +04) -1.1] 61,819] 53,249] $2,009] 56,214] +100] 324,475] 293,286
Business supplies . 22,496] 22,279) 22,204] +1.0] +0.3] +0.8) 23,357] 22,335] 22,613) 21,752] -+7.4| 132,727] 122,620
Construction materials
and supplies 18,311] 18,341] 18,110} 0.2] +13] -2.4) 19,8390) 18,751] 18,141] 19,366] — +2.4] 110,511] 103,094
Defense products ............. 6,953] 7,061] 7,036) -1.5) +0.4 -1.7] 7,379} 6,805} 6,631) 7,745] -4.7| 41,433] 42,827
Other materials, supplies and
and intermediate products ..... . 102,761] 102,459] 100,633) +0.3]  +1.8| -1.8] 110,102] 104,235] 101,163] 99,270] +10.9] 620,321] 548,098
Durable goods industries
Nondefense capital goods ° 42,858) 41,885] 41,366] +23} +131 -0.11 49,724] 40,261] 38,948] 43,342] +14.7) 248,149] 216,922
Excluding aircraft and parts 37,817] 37,098] 36,002] +19} +3.0,  -1.0] 43,572) 35,725] 33,683] 37,643] +15.8] 217,645} 187,956
Defense capital goods ‘ 6,443} 6,629] 6,534] 2.8) +15] -1.6 6,888] 6,360} 6,063} 7,370] = -6.5] 38,221] 40,277
Durables excluding capital goods 111,727] 111,098] 110,070} +0.6] +0.9] — -3.0] 119,909] 114,545] 111,863] 114,389] +4.8| 686,056] 637,875
Miscellaneous series :
Producers’ durable equipment 103,021] 101,485} 101,014} +1.5] +0.5] —-2.3) 114,594] 102,857] 100,270} 107,699]  +6.4] 625,420] 581,772
Household durable goods 8,459] 8,326] 8,264) +1.6)  +0.8)  -1.4) 8,731] 7,876 7,882) 8,371] +43] 48,797] 46,327
Information technology industries 20,929} 20,587] 19,659] +1.7] +4.7}  -1.8| 25,084] 19,133] 17,289) 21,348) +175] 117,641} 101,648
Health care equipment
and products . 8,596] 8,714) 8,510) 1.4] 42.4 9,134] 8,228] 8,109] 9,129] 40.1) 51,324] 50,178
NEW ORDERS
All manufacturing industries 296,401] 297,046] 293,069} -0.2]  +1.4) _—-2.2) 314,009} 297,199) 291,915] 298,809} +5.1] 1,796,970 ]1,662,119
Market categories :
‘Automotive equipment . 13,719] 13,601] 13,801] +09] -1.4) 6.1} 14,783] 14,854] 14,759} 15,052] -1.8] 89,751] 86,710
Home goods and apparel 19,606{ 20,104] 19,495} -2.5] +3.1)  -0.5] 20,286] 18,915) 18,507] 19,451] +4.3] 116,380] 111,011
Consumer staples 60,180] 60,525] 60,880] -0.6| -0.6 +1.4} 62,747) 59,913] 58,719] 61,416] +2.2] 355,478] 342,799
Machinery and equipment . . $4,038] 54,317] 52,133] -0.5] +4.2)  -4.9} 60,641} 54,214] 51,405] 56,493) +73) 328,135] 294,629
Business supplies . . 22,392) 22,292) 22,331] +04] -0.2) 41.2} 23,141) 22,433] 22,760] 21,629] +7.0]_ 133,128] 122,960
Construction materials
and supplies 18,092] 18,310] 17,961) -1.2] +191 -2.3} 19,472] 18,845] 18,035] 19,487] -0.1] 110,863] 106,400
Defense products . . . 5,845] 6,069] 5,767] -3.7] +5.2) -26.5] 5,714] 4,903] 4,979] 7,843} -27.1] 37,626] 39,733
Other materials, supplies and
and intermediate products 102,529] 101,828] 100,701] +0.7| +1.1)  -1.4) 107,225] 103,122] 102,751] 97,438] +10.0] 625,609] 557,877
Durable goods industries
Nondefense capital goods > ......] 42,761] 43,115] 40,072] -0.8] +76] -6.0| 48,971] 41,474] 37,866] 43,450] +12.7] 252,172] 218,919
Excluding aircraft and parts ....| 38,817] 37,831] 36,046] +2.6] +5.0] -5.7] 43,916] 36,441] 33,939] 38,910 +12.9] 224,854) 195,541
Defense capital goods * : 5,433] 5,548) 5,169] -2.1] +7.3] -27.8] 5,255] 4,359] 4,422] 7,280} -27.8| 34,270] 36,788
Durables excluding capital goods 110,870] 110,839] 110,312] 0.0} +0.5} — -2.6} 116,137] 114,017] 113,732] 112,873) +2.9] 692,306] 647,713
Miscellaneous series
Producers’ durable equipment . . . . | 102,372| 102,595] 99,817] -0.2}  +2.8]  -4.4 112,618] 104,037] 99,562) 108,579) +3.7| 630,621] 587,836
Household durable goods : 8,605] 8,620} 7,964] -0.2) +82} -5.2] 8,708) 8,187] 7,837] 8,236] $5.7) 49,748] 47,516
Information technology industries 21,054] 20,588] 19,766] +23} +42] -4.1] 24,968] 19,778] 17,772] 21,768] +14.7] 120,692] 103,787
Health care equipment
and products . 8,555] 8,543] 8,458] +0.1} +1.) +15] 9,093] 8,058} 8,057] 8,994] +1.1] 50,707] 49,599

” Preliminary. * Revised

' Topical series are regroupings of the separate industry categories.

? 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 :

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

* Defense capital goods industries include
and tank components; and search and navigation equipment.

See note at end of table 2 relating to survey variability.

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

ordnance and accessories; communications equipment; aircraft, missiles, space vehicles, and engines and parts; ships, tanks


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

Inventory / Shipments ratio Unfilled Orders / Shipments ratio'
Industry June May Apr. Mar, June May Apr. Mar,
1995? 1995" 1995 1995 1995? 1995" 1995 1995
All manufacturing industries... . . 137 137 137 1.35 2.78 2.82 2.86 2.85
Durable goods industries ......... 1.60 161 1.62 1.57 334 3.38 3.44 341
Stone, clay, and glass products .. . . 1.20 119 1.22 1.12 114 LAS 1.24 1.20
Primary metals cece e eens 144 143 1.46 1.40 1.85 187 195 1.92
Fabricated metal products ........ 1.63 1.62 1.62 1.60 1.49 1.49 1.47 1.47
Industrial machinery and equipment 1.69 1.70 ut 1.69 252 248 2.53 252
Electronic and other
electrical equipment ........... 1.66 1.69 173 1.69 1.97 2.05 2.06 2.00
‘Transportation equipment... 2... 1.55 159 154 147 10.82 11.10 10.91 10.83
| Instruments and related products 1.93 1.88 195 1.89 4.04 401 4.16 4.07
Nondurable goods industries 1 1.10 1.09 1.09 0.73 0.75 0.75 0.75
Food and kindred products 0.86 0.87 0.86 0.87 (X) ) (X) (x)
Tobacco products 1,96 1.79 1.79 1.93 (X) (xX) (X) (X)
Textile mill products . . 1.63 1.62 1.61 1.56 (NA) (NA) (NA) (NA)
Paper and allied products . 1.09 1.07 1.08 1.07 (NA) (NA) (NA) (NA)
Chemicals and allied products 117 117 118 14 (X) (x) (Xx) &®
Petroleum and coal products 0.86 0.83 0.83 0.85 & &) (x) (&)
Rubber and plastics products . 1.44 141 141 137 (X) (X) (X) (xX)

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
June June June June
June? | 1994- June? | 1994- June? | 1994- June? | 1994-
June! | 1990-] May} June! | 1990-] May | June! | 1990-] May | June! | 1990- | May
1995 | 1994] 1995] 1995] 1994] 1995] 1995 | 1994] 1995] 1995] 1994] _ 1995
All manufacturing industries... . . (x) 01 01 (x) 02 02 ~ ol 01 (x) 0.0 00
Durable goods industries .......... 0.0 0.1 0.2 -0.2 02 03 -0.1 01 0.1 (x) 0.0 0.0
Stone, clay, and glass products .. . . (e9) 05 06 (X) 1.0 1.0 (X) 0.7 05 &) 02 01
Primary metals... . . fetes 0.2 02 04 08 03 10 -0.6 0.1 04 &) Ot 02
Fabricated metal products : (Xx) 04 04 (Xx) 0.5 0.6 (X) 03 03 (X) 0.1 02
| Industrial machinery and equipment . 0.2 03 0.5 0.1 04 0.7 0.2 0.1 0.2 (X) 01 0.1
Electronic and other
electrical equipment .. . . - 0.1 02 04 -0.7 14 0.6 -03 05 03 (x) 02 O1
Transportation equipment ...... . -03 04 06 0.2 02 09 Ol O1 ol (x) 02 02
Instruments and related products . . . (xX) 08 05 (xX) 14 1.0 (X) 01 02 (X) Ol 0.1
Nondurable goods industries ....... (xX) 02 01 (xX) 02 O1 (X) 04 02 (xX) 01 0.1
Food and Kindred products... . . &) Ol 01 & fe) fe) &) (e.4) % &) OL OL
Tobacco products ....... sf) 02 01 &) (x) &) () (x) (X) (x) 0.0 0.0
Textile mill products... . (x) 08 02 &] wa] way &) ] way | a) &) 05 02
Paper and allied products... . 2. & 07 02 (x) } NA) | NA) ()] (NA) | (NA) (x) 07 O1
Chemicals and allied products. . (x) 05 02 &) (x) (x) &) © (x) &) 02 02
Petroleum and coal products... . . ) 03 02 &) &) & x) &) (x) &) 03 02
Rubber and plastics products - (x) : 03 &) &) (x) (x) & & &) 03 o1
Capital goods industries :
Nondefense ...... Ol 04 04 02 08 08 0.0 0.0 0.1 (x) 0.0 ol
Defense . . 17 02 05 0.7 13 25 0.0 O14 0.1 & 03 03

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

Note : The five year and the twelve month revisions arc 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 variability


CURRENT INDUSTRIAL REPORTS

ow

Manufacturers’ Shipments,
By

Inventories, and Orders

U. S. Department of Commerce 995

Economics and Statistics Administration June 1995

BUREAU OF THE CENSUS For Wire Transmissions 10:00 a.m. E.D.T. August 3, 1995
Kathy Menth or Gloria Cable

(301)457-4804 or (301)457-4832

Summary

New orders for manufactured goods in June decreased $0.6 billion
or 0.2 percent to $296.4 billion, the Department of Commerce, Bureau
of the Census reported today. This follows a 1.4 percent May increase,
and is the fourth decline in the last five months. Year to date, new
orders are 8.3 percent above the same period a year ago; second quarter
new orders are 1.7 percent below first quarter.

Shipments increased $1.6 billion or 0.5 percent to $298.7 billion.
This follows a 0.6 percent May increase and is the sixth increase in the
last eight months. Year to date shipments are 8.6 percent above the same
period a year ago; second quarter shipments are 0.4 percent below first
quarter.

Unfilled orders decreased $2.3 billion or 0.5 percent to $459.7
billion, following a slight May decline and a 0.5 percent April decline.
The unfilled orders-to-shipments ratio was 2.78, down from 2.82 in May.

Inventories increased $0.7 billion or 0.2 percent to $408.9 billion,
following a 0.6 percent May increase. This is the ninth consecutive
monthly increase and the sixteenth in the last eighteen months. The
inventories-to-shipments ratio was 1.37, unchanged from May.

New Orders

New orders for manufactured durable goods in June decreased
$0.4 billion or 0.3 percent to $159.1 billion, revised from the previously
published 0.1 percent decrease. This follows a 2.5 percent May increase
and is the fourth decrease in the last five months.

Electronic and other electrical equipment had the largest decline,
$0.9 billion or 3.3 percent to $25.9 billion, with over half of the decline
due to communication equipment. This follows a 4.1 percent May
increase. Fabricated metal products, down four of the last five months,
decreased $0.4 billion or 2.8 percent to $15.6 billion. This follows a 1.7
percent May increase. Transportation equipment deciined $0.4 billion or
1.2 percent to $36.1 billion; a large decline in aircraft and aircraft parts
more than offset increases in the other categories. This follows a 3.0
percent May increase and is the third decline in the last four months,
Industrial machinery and equipment, led by an increase in computer and
office equipment, increased $1.1 billion or 3.6 percent to $32.3 billion.
This follows a 2.9 percent May increase and is the fifth increase this
year. Primary metals increased $0.2 billion or 1.5 percent to $14.7
billion. This follows a 1.1 percent May decline and is the first increase
since December.

New orders for nondurable goods decreased $0.2 billion or 0.2
percent to $137.3 billion. This follows a slight May increase and is the
first decrease since March. Declines, led by leather and leather products
and petroleum and coal products, more than offset increases led by textile
mill products and food and kindred products.

Shipments

Shipments of durable goods in June increased $1.4 billion or 0.9
percent to $161.0 billion, unrevised from the previously published 0.9
percent increase. This follows a 1.0 percent May increase and is the
seventh increase in the last eight months. Electronic and other electrical
equipment had the largest increase, $0.8 billion or 2.9 percent to $26.4
billion, following a 3.1 percent May increase. Transportation equipment
increased $0.5 billion or 1.5 percent to $37.9 billion, primarily due to

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

motor vehicles and parts and aircraft and parts. This is the first increase
since January. Industrial machinery and equipment, up six of the last
seven months, increased $0.2 billion or 0.5 percent to $31.0 billion,
following a 2.1 percent May increase. Instruments and related products
declined $0.1 billion or 1.2 percent to $11.5 billion. This follows a 2.9
percent May increase and is the third decline in the last four months.
Fabricated metal products, down four of the last five months, declined
$0.1 billion or 0.5 percent to $15.6 billion.

Shipments of nondurable goods, up four of the last five months,
increased $0.1 billion or 0.1 percent to $137.6 billion, Food and kindred
products had the largest increase, $0.3 billion or 0.9 percent to $36.1
billion, following a 1.5 percent May decline, Printing and publishing,
chemicals and allied products, paper and allied products, and apparel also
increased. Petroleum and coal products had the largest decline, $0.5
billion or 3.5 percent to $13.1 billion. Tobacco products declined $0.3
billion or 9.0 percent to $2.7 billion.

Unfilled Orders

Unfilled orders for durable goods in June decreased $2.0 billion or
0.5 percent to $433.8 billion, revised from the previously published 0.4
percent decline. This is the third consecutive monthly decline, following
seven consecutive monthly increases. Transportation equipment had the
largest decline, $1.8 billion or 0.9 percent to $197.3 billion. This
follows a 0.4 percent May decline, is the fourth consecutive monthly
decline and the fifth this year. Since reaching a peak in March 1991,
unfilled orders of transportation equipment have declined nearly every
month. Primary metals, down for the fourth consecutive month, declined
$0.5 billion or 1.6 percent to $28.0 billion. Electronic and other
electrical equipment decreased $0.5 billion or 0.9 percent to $52.0
billion, the first decline since August 1994. Industrial ma ‘inery and
equipment increased $1.3 billion or 1.8 percent to $73.5 billion. This
follows a 0.5 percent May increase and is the twenty-third increase in the
last twenty-four months.

Inventories

Inventories of durable goods in June increased $0.1 billion to
$256.8 billion, the sixteenth increase in the last eighteen months.
Electronic and other electrical equipment had the largest increase, $0.4
billion or 1.0 percent to $43.7 billion. This follows a 0.6 percent May
increase and is the eighteenth consecutive increase. Instruments and
related products increased $0.3 billion or 1.3 percent to $22.1 billion, the
fourth increase in the last five months. Primary metals, up seventeen of
the last nineteen months, increased $0.1 billion or 0.5 percent to $21.8
billion. Transportation equipment had the largest decline, $0.6 billion or
1.0 percent to $58.6 billion, following three consecutive monthly
increases. Industrial machinery and equipment declined $0.1 billion or
0.2 percent to $52.2 billion, the first decline since March.

Inventories of nondurable goods in June increased $0.6 billion or
0.4 percent to $152.1 billion, the ninth consecutive monthly increase.
Paper and allied products had the largest increase, $0.3 billion or 2.2
percent to $15.4 billion.

By stage of fabrication, finished goods increased 0.9 percent in
durables and 0.1 percent in nondurables. Work in process decreased 0.6
percent in durables and increased 0.4 percent in nondurables. Materials
and supplies increased 0.1 percent in durables and 0.8 percent in
nondurables.

The advance report on durable goods for July is scheduled for August 24, 1995 at 8:30 a.m. and the full report on August 31, 1995 at 10:00am. For sale by the Superimendentof
Documents, U.S. Government Printing Office, Washington, DC 20402. This report is also available the day of issue through the Department of Commerce's online Economic Bulletin
Board (N-8-1) (202-482-3870)and through the Census Bureau's online information service--CENDATA. CENDATA is available from Dialog InformationServices, Inc. (1-800-334-2564)
and CompuServe (1-800-848-8199), The CENDATA staff at the Bureau of the Census (301-457-1305)can provide content information and general guidance.


Nondefense Capital Goods 11
New Orders and Shipments

Three Month Moving Averages
Billions of Dollars

New Orders

Shipments

1 1. L 1 L L 1 L 1 i i 1 1
Jun Aug Oct Dec Feb Apr Jun Aug Oct Dec Feb Apr = Jun
Jun. 1993 - Jun. 1995

Defense Capital Goods
New Orders and Shipments

Three Month Moving Averages
Billions of Dollars

"1 "
wL------------------------------------- New orders] J
Shipments
g}------------------------------------ 2-5 do

5 ku L L L n i L n n n L L Ld 5

Jun Aug Oct Dec Feb Apr Jun Aug Oct Dec Feb Apr = Jun
Jun. 1993 - Jun. 1995
Note: All Charts based on seasonally
adjusted current dollars.

|?

we


Table 7. VALUE OF MANUFACTURERS INVENTORIES, BY STAGE OF FABRICATION,
Y INDUSTRY GROUP

BY Millions of dollars)

Seasonally adjusted

Not seasonally adjusted

Industry Monthly Percent Change Monthly Percent
change
June May Apt. | May- | Apr- | Mar- June May Apr. June | June
1995" 1995" 1995 | June | May | Apr. 1995" 1995° 1995 1994 | 95/94
MATERIALS AND SUPPLIES
All manufacturing industries 134,682 | 134,147 | 133,208 | +04] +07 | +1.0 | 134,063 | 133,757 | 132,779 | 121,883 | +100
Durable goods industries 78,034 77,927 77,494 +01 +0.6 +11 77,374 77,535 76,769 70,139 +103
Stone, clay, and glass products 2,821 2,801 2,752 +0.7 +18 +2.0 2,835 798 2,726 2,525 +123
Primary metals... .. . : 6727 6,725 6,688 0.0] +06 09 647 | 6,554 6,513 53965 | +114
Fabricated metal products 8977 91084 9,000 -12] +09] +29} 8,964 8,953 8,871 77939 | +129
Industrial machinery and equipment | 17,353 | 17,746 | 17,367 22] +10] +11] 17186 | 17;868 | 17,447 | 15,414 | +115
Electronic and other
electrical equipment . 15,127 | 14,618 | 14,542 | 435] +05 | +18] 15,102 | 14,689 | 14,626 | 11,771 | +283
Transportation equipment 10,281 | 10,278 | 10,307 00] 03 00} 10,155 | 10319 | 10,305 | 10,788 “5.9
Instruments and related products . . . 6.945 902 6871 +06] +05] +09} 6990 6.957 6,884 722 +4.0
Lumber, furniture and
miscellancous durable goods . . . 9,803 9,773 9767} +03] +01] +12] 9,495 9,397 9397 | 9,015 +53
Nondurable goods industries 56,648 | 56,220 | 35,714] +08] +09] +08 | 56,689 | 56,222 | 56,010 | 51,744 +96
Food and kindred products 10,145 | 10049 | 9974] +10] +08 “15 997 9,845 9,978 9,875, +12
Tobacco products . . . 4614 4,645 4,691 07) -10} +06] 4,413 4565, 4751 4,829 8.6
Textile mill products ... . 3,021 2,995 2,979 40.9 40.5 423 3,064 3,094 3,028 2,795 19.6
Paper and allied products 8,006 77824 7633 | +23] +25 | +25 R011 7,838 7,688 6601 | +214
Chemicals and allied products 11,763 | 11,663 | 11,597 | +09] +06] +03 | 11810 | 11,716 | 11,614 | 11,192 45.5
Petroleum and coal products 3,358 3,331 3423 | +08 | -27 -14 | 3,474 3447 | 3,482 3151 | +103
Rubber and plastics products 5/389 53347 3365 | +08] -03 | +18 5,333 5,349 5,408 4517] +181
Apparel, printing, and publishing
and leather goods . 10,352 ] 10,366 | 10,052 ol] 431 | +424] 10,587 | 10,368 | 10,061 8,784 | +20.5
WORK IN PROCESS
All manufacturing industries... . . . 132,326 | 132,906 | 132,123 -04| 40.6 | +08 | 131,610 | 133,912 | 132,101 | 128,762 42.2
Durable goods industries 107,730 | 108,408 | 107,840 -06| +05 | +09 | 107,376 | 109,562 | 107,821 | 105,479 +18
Stone, clay, and glass produ 344 1295 258 | 438] +29] +24 137: 1347 3331 1,057 | +30.0
imary metals : 8,134 8.101 8,037 +08 | +14 8,086 8114 | 8092 77320 | +105
Fabricated metal products 7/992 7.964 7965 | +0: 00 | +02 7.957 8,032 | 7,986 | 7,432 471
Industrial machinery and equipm: 19551 | 19.492 | 19324] 403] +09 | 41.7 | 19,362 | 19,625 | 19,172 | 19,081 +15
Electronic and other
electrical equipment 16,405 | 16,582 | 16,611 0.2 -03 } 16,393 | 16,894 | 16,723 | 15,113 48.5
Transportation equipment ........ | 40,004 | 40,636 } 40,174 16] +11 | +12 | 39:751 | 41,086 | 39,924 | 41,060 32
Instruments and related products . 9,245 9,223 9350] +02] -14 02 97359 | 9,288 | 9,414 9415 -0.6
Lumber, furniture and
miscellaneous durable goods . 5,055 5,115 $121 12 01 | +07 5,094 | 5,176 5,179 5,001 +19
Nondurable goods industries . 24,596 | 24,498 | 24,283 | +04} +09 | +04 | 24,234 | 24,350 | 24,280 | 23,283 +41
Food and Kindred products 4129 4054 | 4084 | +19] -07 | +06 33846 | 3,708 3,910 3,832 404
Tobacco products . . . 185 178 170] +39] 447] +06 136 135 138 126 4719
Textile mill products . 2,672 2,653 2,670 | +0.7] -06} +08 | 2,667 | 2,704 | 2,703 2,558 +43
Paper and allied products... . 1,389 1376 1357 | +09] +14] +426 1,428 1,402 1389 1228 | +163
Chemicals and allied products 53554 5,482 53381 +13] +19 02 5,521 5,561 5373 51458 +12
Petroleum and coal products 27291 2381 2246 38] +60 -04 | 2327 | 2,404 2248 2;303 +10
Rubber and plastics products. - 2147 221 2055 | +12] +32] +05} 2,086 | 2,105 2,051 1.770 | +179
Apparel, printing and publishing
and leather goods ..... 6,229 6,253 6,320 04] tn} +05 6,223 | 6,331 6,468 6,008 +36
FINISHED GOODS
All manufacturing industries 141,934 | 141,236 | 140,347 | +05 | +06 | +0.9 | 142,397 | 144,827 | 142,679 | 130,766 +89
Durable goods industries . 71,083 | 70,452 | 70,000] +09] +06] +04] 71,691 | 72,939 | 71,977 | 64,657 | +109
Stone, clay, and glass products 4,190 | 4,182 4082 | +02] +24] +30] 4232 | 4,353 264 3,826 | +106
Primary metals -. . : 6,989 6.915 6,991 +11 11 | +26] 6,948 7,092 TA 6255 | +111
Fabricated metal products |. 8,515 8,487 8434 | +03 | +06 -03 8,845 8,891 8,877 8,061 49.7
Industrial machinery and equipment 153311 | 15,082 | 14,837 ] +15] +17 05 | 15,210 | 15,412 ] 15,151 | 13,471 | +129
Electronic and other
electrical equipment 12,178 | 12,060 | 11,843 | +10] +18] +19 | 12,523 | 12,685 | 12,160 9,918 | +263
Transportation equipment . . . 8/324 8,307 8375 | +02] 08 31 8,047 8,415 8,415 7,623 +56
Instruments and related products 5,937 5721 5,742] +38 -0.4 03 5.999 5,869 5,82 6,029 -05
Lumber, furniture and
miscellaneous durable goods . . . 9,639 | 9,698 9,696 -0.6 00] +16] 9,887 } 10,222 | 10,111 9,474 +44
Nondurable goods industries . 70,851 | 70,784 | 70,347} +01 | +06] +14 | 70,706 | 71,888 } 70,702 | 66,109 +7.0
Food and kindred products . . 16,782 | 16,931 | 17,107 0.9 | -1.0 00 | 15,699 | 16,283 | 16,415 | 15,411 +19
Tobacco products = 518 313 543. | +10] -55 | -174 481 473 $23 69 “312
Textile mill products. : 4,561 4,534 4459 | +06] +17 00} 4,657 | 4,785 4,680 44ll +56
Paper and allied products... . 5,986 5,850 5769 | +23] +14] +15 6,092 6,153 6,053, 5,688 +71
Chemicals and allied products 18,524 | 18,571 | 18,276 03] +16 | +30 | 18,282 | 18,747 | 18,595 | 17,085 +70
Petroleum and coal products 5,563 5,585 5,566 04] +03 | +38] 5,622 5,696 5,461 51103 | +102
Rubber and plastics products. - 6.737 6.710 6.709 | +04 00] +24] 6,795 6,888 6.917 6083 | +117
Apparel, printing, and publishing
and leather goods . ... | 12,180 | 12,090 } 11,918 | 40.7] +14] 40.5 | 13,078 | 12,863 | 12,058 | 11,629 | +125

* Preliminary. ‘ Revised.

See note at end of table 2 relating to survey variability


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
June May Apr.| May-| Apr | Mar.- June May Apr. June] June
1995° 1995" 1995} June} = May| Apr. 1995” 1995 1995 1994] 95/94
All manufacturing industries 459,686 | 461,937] 461,984 05 0.0 0.5] 460,248} 466,720] 467,845] 450,531 42.2
Manufacturing industries
without defense capital goods 350,522} 351,763] 350,729 04} +03 02} 351,094] 355,933] 355,057] 336,882] +42
Durable goods industries 433,845] 435,809] 435,919 0.5 0.0 ~0.6| 433,770] 439,928] 441,244] 425,973 +18
Stone, clay, and glass products . 7,534 7,542 7,691 -19 3.0} 7,559 7,805 7,749 7,382) +24
Primary metals : 27,968| 28,435] 29,149 24 -1.0] 28,355] 29,514] 30,677] 26,044] +8.9
Blast furnaces, steel mills 11,444 11,603 11,678 0.6 0.5 11,616 12,061 12,415 11,189 43.8
Iron and stee! foundries . 3,762 3,828 3,958 33) +08) 3,747 3,850] 4,011 3515| +66
Nonferrous and other primary
metals : 12,762] 13,004] 13,513 38 2.0] 12,992] 13,603] 14,251} 11,340] +14.6
Fabricated metal pro jucts se eeee 21,379 21,453 21,161 +14 +03 21,398 21,539 21,316 20,550 +41
Industrial machinery and equipment 73,490| 72,172] 71,808 +05] 40.1] 72,951] 72,387) 71,920] 60,070] +21.4
Engines and turbines 10,364 9,850] 10,013 -16 -1.0 9,963 9317] 9,555 9,647) +33
Construction, mining and
material handling equipment .. 7,882 7,848 7,743 +0.4 +14 40.3 7,843 7,981 7,953 6591} +19.0
Metalworking machinery 11,161 11,158 10,901 0.0 +24 423 11,161 11,158 10,901 9,126] +223
Computer and office equipmen 12,559} 11,961] 12,420] -+5.0 37 0.2] 12,798] 12,434} 12,275 9,420] +359
Electronic and other
electrical equipment 51,996] 52,448] 51,279 09} 423] +17] 51,896] 53,625] 52,675] 46,413) +118
Electrical transmission and
distribution equipment and
industrial apparatus . 5,996 6,086 6,065 -15} +03] © +06 5,972 6,091 6,077 6,023 0.8
Electric lighting and
wiring equipment . . 3,814 3,887 3,873 +04 0.0 3,814 3,887 3,873 3,450] +106
Communications equipment 16,476 16,805 16,217 43.6 +0.2 16,473 16,789 16,276 14,544] +133
Electronic components . 20,277 20,256 19,730 +01 $2.7 44.8 20,378 21,532 21,152 16,633 | +22.5
Transportation equipment 197,253 | 199,051] 199,884 -0.9 04 -13] 197,544] 200,014] 201,668} 208,834 54
Aircraft, missiles,
space vehicles, and parts. 166,359] 168,153] 168,254 “ll -1.2] 166,774] 169,048} 169,754} 180,429 -16
Shipbuilding and tanks .. .. 18,038 18,031 18,369 0.0 2.6 18,125 18,084 18,428 16,698 48.5
Instruments and related products . 46,278} 46,524] 46,966 0.5 -0.4| 45,849] 46,269] 46,940] 48,527 5.5
Search and navigation equipment 30,056 | 30,270] 30,507 -07 -0.7| 29,634] 30,004} 30,481} 31,729 -6.6
Measuring and controlling devices . 9,722 9,702 9,722 40.2 +0.7 9,722 9,702 9,722 9,119 46.6
Medical instruments and supplies : 5,674 $5,713 5,884 07 09 5,674 5,713 5,884 6,877 17.5
All other durable goods : 7,947 8,184 7,981 29 -0.5 8,218 8,775 8,299 8,153 +0.8
Nondurable goods industries ....... 25,841] 26,128] 26,065 -11] +02] 40.7] 26,478] 26,792] 26,601] 24,558] +78

* Preliminary. ‘ Revised.

See note at end of table 2 relating to survey variability


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

Seasonally adjusted Not seasonally adjissted'

Monthly Percent Change Monthly Percent Year to date
Industry change
June} May} Apr. | May-] Apr.-| Mar-| June | May | Apr. | June | June

1995" 1995" 1995] June} May] Apr. 1995" 1995" 1995 1994} 95/94 1995" 1994

All manufacturing industries... . . 296,401} 297,046] 293,069] -0.2]  +1.4) — -2.2) 314,009] 297,199} 291,915} 298,809) +5.1] 1,796,970 }1,662,119

Manufacturing industries
with unfilled orders .......... 163,159] 163,741] 159,123
without defense capital goods . . . . . | 290,968] 291,498] 287,900

Durable goods industries
With unfilled orders

+2.9) — -3.1] 172,807] 160,734} 157,197} 162,090} +6.6] 984,317} 895,244
+12} -1.6 308,754] 292,840] 287,493] 291,529} +5.9] 1,762,700 |1,625,331

159,064] 159,502] 155,553
127,992] 128,641] 124,229

+25} -4.6 170,363] 159,850} 156,020} 163,603 +4.1] 978,748] 903,420
+3.6)  -4.5] 136,906] 126,186] 122,447] 129,768 +5.5] 776,973} 709,086

Stone, clay, and glass products . . . 6,980| 6,832) 6,381 +71] 6.9) 7,406] 7,112| 6,676] 6.987} +6.0] 41,259] 39,118
Primary metals ....... : . 14,675] 14,455] 14,620 <1] -3.7] 14,789] 14,356} 14,813] 13,550] = +9.1] 93,250] 79,937
Blast furnaces, steel mills .... .. 6,190] 6,295] 6,213 +13 6.8) 6,196] 6,190] 6,202] 5,851] +59] 40,127] 35,638
Tron and steel foundries ........] 1,253} 1,196 1,295 -7.6|  -2.8| 1,304] 1,226] 1,390] 1,330] -2.6] 8,275} 7,691
Nonferrous and other primary
metals .......... vssss-f 7,232) 6,964] 7,112] 43.8} -2.1) -1.0] 7,289] 6,940] 7,221] 6,360] +14.6] 44,848] 36,608
Fabricated metal products ........] 15,569] 16,011] 15,745] -2.8] 41.7} -0.1] 16,545] 16,267] 15,636] 15,981} +3.5] 96,417] 91,024
Industrial machinery and equipment 32,299] 31,180] 30,289] +3.6] 42.9] -4.8] 36,209] 30,704] 29,286] 32,532} +11.3] 190,005] 168,743
Engines and turbines .......... 2,251{ 1,821] 1,914] +23.6) -4.9] +3.9] 2,599] 1,690] 1,510] 2,518] +3.2| 10,534] 10,262

Construction, mining and
material handling equipment

6.8] 3,328] 3,291 3,145] 3,019] +10.2] 20,365] 17,192
Metalworking machinery

5
4) -2.6) 3,793 3,494) 3,402 3,389] +119 21,271 18,114
8

3,220] 3,258) 3,117) -1.2) +4.
3,483) 3,560] 3,610) 2.2] -l
+1

Computer and office equipment . . . 9,393 | 8,331 8,186] +12.7] 6.0] 11,903 7,812) 6,915 9,827) +211 50,661) 44,322
Electronic and other
electrical equipment ........... 25,925} 26,796} 25,736) -3.3}  +4.1 -3.2| 27,002] 25,901] 25,949] 23,186} +16.5} 155,101] 131,681

Electrical transmission and
distribution equipment and

industrial apparatus ........... 2,843] 2,824) 2,782) +0.7] +1.5] 2.0] 3,122) 2,802] 2,782] 2,806] +113] 17,556] 15,986
Electric lighting and

wiring equipment . ... . . 1,790{ 1,913} 1,924) -6.4]— -0. -1.6] 1,889} 1,899} 1,840] 1,937] -2.5} 11,670] 10,715
Communications equipment .....} 6,042 6611] 5,934] -8.6| +1141 -119] 6,933] 6,168] 5,568] 5,322) +303] 36,157] 27,339
Electronic components ......... 10,014] 10,139] 10,003] -1.2] +14] +04) 9,678] 9,970] 11,179] 7,538] +28.4] 60,598] 47,918

Transportation equipment . . . . 36,077) 36,499) 35,431] 1.2] +3.0] -10.2] 39,269] 37,905] 37.141] 41.930] 6.3] 236,862] 234,675

Aircraft, ‘missiles;
space vehicles, and parts.

6,664) 8,200] 6,702} -18.7] +22.4 -21.4] 7,512) 7,140] 6,479) 9,319] -19.4] 46,250] 47,030
Shipbuilding and tanks

868} 509] 328] +70.5} +55.2) -20.6} 948} 510} 353 742) +278 4,266 3,598

Instruments and related products ....) 11,221] 11,167] 11,085} +0.5]  +0.7} +1.4} 12,089] 10,897} 10,008} 12,317] —-1.9] 66,266] 61,992
Search and navigation equipment 2,230] 2,286] 2,412) -2.4) 5.2) 6.9] 2,270] 2,024) 1,733] 3,072) -26.1] 13,019] 11,959
Measuring and controlling devices .| 3,728] 3,640] 3,473) +24] +4.81 +04) 3,984] 3.6371 3,343] 3,349] +19.0] 22,096] 19,272
Medical instruments and supplies 3,054] 2,984] 2,935] +2.3] +1.7} +7. 3,336) 2,917] 2,812] 3,156] +5.7) 17,937] 17,155

Alll other durable goods .......... 16,318] 16,562] 16,266] 1.5] +1.8]  -1.1] 17,054] 16,708} 16,511} 17,120] -0.4] 99,588] 96,250

Nondurable goods industries .

137,337] 137,544] 137,516] — -0.2) 0. +0.7] 143,646] 137,349] 135,895} 135,206 +6.2] 818,222] 758,699
With unfilled orders . . .

35,167] 35,100} 34,894) +0.2) +0. +19 35,901] 34,548] 34,750} 32,322) +11.1] 207,344] 186,158

” 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(92),
"Manufacturers Shipments, Inventories, and Orders: 1982-1992."


Table 1. VALUE OF MANUFACTURERS’ SHIPMENTS FOR INDUSTRY GROUPS
(Millions of dollars)

Seasonally adjusted ‘Not seasonally adjusted’
Monthly Percent Change Monthly Percent Year to date
Industry change
June| May | Apr. | May-] Apr-] Mar-} June} May} Apr. | June} June
1995 1995" 1995 | June} May| Apr.] 1995? 1995" 1995 1994} 95/94 1995" 1994
All manufacturing industries... . . | 298,652] 297,093] 295,293] +0.5] +0.6] 1.1] 320,481) 298,324) 292,233} 300,347] +6.7] 1,788,490 }1,649,946
Manufacturing Industries
with unfilled orders . . 165,410] 163,788] 161,347 +1.0] +1.5}  -1.1] 179,279] 161,859) 157,515] 163,628 +9.6| 975,837] 883,071
without defense capital goods ... | 292,209] 290,464] 288,759] +0.6] +0.6] —-1.0] 313,593] 291,964] 286,170} 292,977) +7.0} 1,750,269 |1,609,669
Durable goods industries wees 161,028] 159,612] 157,970} +0.9) +1 -2.2| 176,521] 161,166] 156,874] 165,101 +6.9| 972,426] 895,074
With unfilled orders ......... 129,956] 128,751} 126,646] +09} +1.7| — -1.5] 143,064] 127,502} 123,301) 131,266} +9.0| 770,651} 700,740
Stone, clay, and glass Products oe 6,988) 6,981 6,621] 40.1) +54) -6.0) 7,652) 7,056) 6,831 7,336) +43 41,214] 38,555
Primary metals . wees] 15,142] 15,169] 14,923) 0.2) +1.6  -2.5] 15,948] 15,519] 15,205] 13,514) +18.0 92,754] 75,441
Blast furnaces, steel mills . . oe 6,349] 6,370) 6,271 0.3) +1 -41l 6,641 6,544| 6,375) 5,936) +119 39,162} 34,161
Iron and steel foundries ....... 1,319 1,326} 1,264] -0.5} +4.9) -4.9) 1,407 1,387| 1,330) 1,260} +11.7 8,215 7,219
Nonferrous and other primary
metals . sees 7,474| 7,473 7,388) 0.0} +12) -0.7) 7,900] 7,588 7,500] 6,318} = +25.0 45,377] 34,061
Fabricated metal ‘products . | 15,643] 15,719] 15,687] -0.5) +0.2] 0.1] 16,686] 16,044) 15,637] 16,015 44.2 95,511] 90,520
Industrial machinery and equipment .| 30,981] 30,816] 30,182) +0.5)  +2.1 0.6] 35,645] 30,237} 29,119] 31,404) +13.5] 184,250) 161,651
Engines and turbines ....... oe 1,737 1,984) 2,019) -12.4 1.7) +12.2) 1,953| 1,928) 1,865) 2,435) 19.8 11,195] 10,754
Farm and garden machinery ....- 1,785 1,726) 1,828} +3.4] 5.6) -3.3) 1,817] 2,068} 2,469 1,762 43.1 12,790] 12,066
Construction, mining and
material handling equipment ... . 3,186} 3,153 3,090] +1.0) +2 -0.7/ 3,466) 3,263} 3,192} 2,944) +17.7 19,521 16,392
Metalworking machinery ....... 3,480] 3,303 3,370) +5.4] -2.0) +22) 3,790) 3,237 3,162] 2,975] +27.4 19,687] 16,323
Computer and office equipment . . . 8,795! 8,790 8,213] +01] +7. -3.3) 11,539] 7,653) 6,541 9,711] +188} 49,063} 42,153
Electronic and other
electrical equipment ...... +] 26,377] 25,627) 24,855] +2.9)  +3.1 1.1] 28,731] 24,951] 23,594) 24,422) +17.6) 149,337) 129,706

Electrical transmission and
distribution equipment and
industrial apparatus . .

2,933) 2,803) 2,745] +4.6) +2.1) 53] 3,241 2,788 2,733] 2,885] +12.3 17,330] 15,733

Household appliances .... . oe 1,881 1,875 1,828] +03) +26) -1.9) 2,139) 1,905 1,837| 2,176 17 11,322] 11,193
Electric lighting and
wiring equipment ... . . . 1,863 1,899} 1,925} -1.9] “14-15 1,962 1,885) 1,841 1,890 +38 11,499} 10,502
Household audio and
video equipment .. . . 1,127) 1,145 1,124] -1.6] +19) +0.4) 1,006) 947) 898) 911} +10.4 5,857 5,221
Communications equipment see 6,371 6,023 5,900} +5.8] 42.1) +0.81 7,249) 5,655) 5,471 5,642] +28.5 34,688] 27,827
Electronic components seen 9,993} 9,613 9,100] +4.0] +5.6, -2.4] 10,832] 9,590] —_ 8,805) 8,622] +25.6 56,152] 46,389
Transportation equipment .... . | 37,875] 37,332) 38,122) +1.5) 2.1 -4.5| 41,739] 39,559) 39,707) 42,830) -2.5} 242,492) 239,317
Motor vehicles and parts . . . 26,294) 25,989] 26,488) +1.2 1.9] -6.9} 28,806] 28,576] 28,230) 30,010} 4.0) 174,154) 172,183

Aircraft, missiles,
space vehicles, and parts

8,458 8,301 8,774) +19 5.4
Shipbuilding and tanks

861 847 822] +17] 43.0)

9,786) 7,846] 8,443} 9,598) +2.0 50,368} 50,626
907] 854) 793} 1,396] -35.0 5,080 6,196

Instruments and related products . 11,467] 11,609) 11,277) -1.2) 42. 12,509] 11,568] 10,685] 12,2221 +23 68,435] 64,859
Search and navigation equipment . 2,444) 2,523 2,612) -3.1 34) 2,640] 2,501 2,380) = 2,712) 2.7 15,092] 14,520
Measuring and controlling devices 3,708] 3,660} 3,404) +13) +7.5) 3,964] 3,657 3,274] 3,442) +15.2) 21,623 18,985
Medical instruments and Supplies + 3,093) 3,155] 2,989} -2.0] +5.6) 3,375| 3,088] 2,866) — 3,292] +25 18,555] 17,734
Photographic goods ..... 1,805 1,859) 1,863] -2.9] 0.) 2,070) 1,898 1,753 2,357) 12.2 10,735] 11,428

All other durable goods ........ 16,555] 16,359} 16,303] +1.2)  +0.3) 17,611} 16,232] 16,096} 17,358 +15 98,433] 95,025

Nondurable goods industries . ... | 137,624] 137,481] 137,323] +0.1] 40.1] +0.3) 143,960} 137,158] 135,359) 135,246] +6.4| 816,064] 754,872
With unfilled orders ..........-| 35,454) 35,037] 34,701] +1.2]  +1.0] +0.5] 36,215] 34,357] 34,214 32,362] +11.9] 205,186] 182,331

Food and kindred Products see 36,060} 35,743] 36,284 +0.9] -1.5|  +0.8]| 37,256) 35,752} 35,034] 36,879) +1.0] 213,390] 209,759
Meat products . . 8,173] 7,986] 8,373) +23 46, +41 8,418) 8,169] 8,163) 8,182) 42.9] 48,254] 47,549
Dairy products oe . 4,608 4,613) 4,658} -0.1 -1.0] -1.6) 4,834] 4,690} 4,593) 4,824 +0.2 28,098| 27,669
Beverages . . 5,339) 5,312] 5,349) +0.5 0.7] +0.2) 6,161 5,782! 5,296] 6,077) +14 31,775} 30,959
All other foods, “except “fats and oils 16,114] 16,049] 16,030} +04) +0.1] +1.5) 16,017] 15,328} 15,108] 15,942 +05 93,750} 92,594

Tobacco products . 2,713 2,980] 3,027 -9.0) -1.6, +65} 2,895) 3,120] 2,865) 2,854) +14 17,052} 16,115

Textile mill products . 6,274, 6,301 6,283 -0.4{ +03) -2.2) 6,928 6,296} 6,052) 6,904] +0.3 37,735| 36,239
Broadwoven fabrics and

other textiles ............-. 3,858] 3,886] 3,904] -0.7] 0.5] -2.7] 4,194) 3,979) 3,785] 4,254) 1.4) 23,724) 22,699
Paper and allied products . . SS) 14138] 14003] 13,673] +10] 42.4) +1. 14,733] 13,932| 13,326) 11,751) 425.4) 81,823) 65,731
Pulp, paper, and
paperboard mill products... . 6247] 6,140] 6,035] +17] +17] +3.) 6,484] 6,111] 5,883] 4,613] +40.6) 35,575} 25,902
Paperboard containers and boxes | 3,752] 3,753) 3,581] 0.0 +48) -1.3) 3,891] 3,806] 3,615] 3,062) +271) 21,984) 17,008
Miscellaneous converted
paper products ............. 4139} 4,110] 4,057| +07] +13] +19) 4,358] 4,015] 3,828] 4,076] +6.9] 24,264) 22,821
Chemicals and allied products. . 30618} 30441] 29.991] +06] +15] -1.6] 32,607| 30,743] 30,905] 30,149] +8.2| 186,014] 168,653
Industrial chemicals ......... 17,051] 16840] 16,549] +13] +18) 1.6] 18,006] 17,051] 16,962) 15,660] +15.0) 102,707} 86,973
Drugs, soaps, and toiletries... . 10,128) 10.233| 10,163] -Lo| 40.7] 1.1] 10,594] 9,440] 9,637] 10,747) -1.4) 60,261} 59,718
Petroleum and coal products “} 13%004] 13°573] 13:567| 3.5] 0.0} #3.7|, 14,096] 14,000] 13,298] 13,071) +7.8) 76,668) 67,673
Rubber and plastics products. . 9,942] 10,077] 10.046] 1.3] +03) -0.6] 10,732] 10,373) 10,251] 10,264] +4.6) 61,649) 56,572
All other nondurable goods . . 24785] 24,363) 241452] +17] -04) +0.1] 24,713] 22,942] 23,628] 23,374) +5.7) 141,733) 134,130

T 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 variability.