Table 4. VALUE OF MANUFACTURERS’ INVENTORIES FOR INDUSTRY GROUPS

(Millions of dollars)

Seasonally adjusted

Not seasonally adjusted

Industry Monthly Percent Change Monthly Percent
change
Nov. Oct. Sept.| Oct-] Sept-]  Aug.- Nov Oct. Sept. Nov.} Nov.
1994 1994 1994] Nov.} Oct. ]_— Sept. 1994 1994" 1994 1993] 94/93
All manufacturing industries . . . . 390,008 | 388,063] 386,531] +05] +04 -0.1} 390,461 | 389,437] 386,321] 380,579] +2.6
Manufacturing industries
with unfilled orders 259,289] 257,754] 256,451 +06 40.5 0.1] 259,076] 258,333] 256,491] 250,784 433
without defense capital goods 366,916] 364,692] 362,987} +06] +0.5 0.0} 367,226] 365,775] 362,721] 352,796] +4.1
Durable goods industries 246,508} 244,925] 243,814 +0.6 +0.5 -0.1} 246,977] 245,468] 243,587] 238,373 +3.6
With unfilled orders o 225,441} 224,038] 222,960 +0.6 +0.5 -0.2} 225,766] 224,862] 223,028] 218,139 43.5
Stone, clay, and glass products . 7,548 7,931 7,500 $0.2 +0.4 +0.7 7,367 7,307 7,303 7,340 +04
Primary metals 20,413] 20,176] 19,870] +12] +15] +03] 20,433] 20,264] 19.954] 19.246] 46.2
Blast furnaces, steel mills... 9,724 9,704 9,580] +02} 413] +03 9,841 9,768 9,572 9578) 42.7
Iron and steel foundries 1,587 1,556 1,536] +20) +13 -0.1 1,554 1,525 1,517 1373] +13.2
Nonferrous and other primary
metals... 9,102 8,916 8754] 421) +19] +03 9,038 8,971 8,865 8,295] +9.0
Fabricated metal products 23,744 | 23,679] 23,637] +03] +0.2 0.5] 23,443] 23,408] 23,457] 22,719] 43.2
Industrial machinery and equipment: 49,789] 49.273] 48,993 +1.0 +0.6 -0.7} 50,386] 49,801 49,082] 46,642 +8.0
Engines and turbines 3,708 3,679 3,780 40.8 27 42.1 3,900 3,871 3,867 3,747 +41
Farm and garden machinery . . 2,717 2,649 2,628 42.6 +0.8 +17 2,815 2,600 2,555 2,578 +9.2
Construction, mining and
material handling equipment 6,193 6,033 $931] 42.7] +17] +09 6,131 5,958 5,887 5,613] +92
Metalworking machinery 5,622 5,594 5,595 +0.5 0.0 “19 5,650 5,657 5,674 5,243 +78
Computer and office equipment 11,482] 11,423] 11.219] +05] +18 6.0] 11,769] 11,799] 11,363] 11,136] 45.7
Electronic and other
electrical equipment : 39,731 39,121 38,447 +16 +18 +16] 39,456] 39,079] 38,286] 33,523] +17.7
Electrical transmission and
distribution equipment and
industrial apparatus 4,635 4,611 4,544 +0.5 +15 +0.9 4,639 4,620 4,557 4,284 +83
Household appliances . . . . 2,817 2,772 2717] +16] 420] +16 2,696] 2,652 2,564 2,449| +101
Electric lighting and
wiring equipment 3,039 3,032 3,003) 40.2} +10} = +0.2 3,024 3,045 2,993 2,864| +56
Household audio and
video equipment . . 1,263 1,207 1223] +46 -13] +48 1,205 1211 1,292 975] +236
Communications equipment 12,052] 11,797] 11,536] +22] 423) 42.8] 11,978] 11,743] 11381 9,150]  +30.9
Electronic components 12,441} 12,231} 11,984] +17] +24] 413] 12,503] 12325] 12:020] 10,680} +17.1
Transportation equipment . . 58,949] 59,131] $9,400 03 -0.5 -1.0] 59,798] 59,683] 59,539] 64,082 6.7
Motor vehicles and parts . . 11,891] 11,804] 11,830} +0.7 0.2) 40.2} 12,231] 12,012} 12,057] 11,767] +3.9
Aircraft, missiles,
space vehicles, and parts, 42,729 43,103 43,523 0.9 -1.0 43,258 43,541 43,522 48,196 -10.2
Shipbuilding and tanks ..... . 1,471 1,483 1,378 0.8 +76 1,436 1,439 1,337 1,600] — -10.3
Instruments and related products .. . . 21,989] 21,879] 21,927 40.5 0.2 22,090] 22,000] — 22,041 22,364 12
Search and navigation equipment 5,538 5,486 5,531 +0.9 -0.8 5,552 5,544 5,615 5,815 4.5
Measuring and controlling devices 6,686 6,620 6,607 +10 40.2 6,713 6,622 6,614 6,537 42.7
Medical instruments and supplies 6.218 6,226 6,233 -0.1 0.1 6,274 6.277 6,224 6,283 -0.1
Photographic goods . . . . 2,657 2,672] 2,686 -0.6 0.5 2,662} 2,694 2,738 2,920 -8.8
All other durable goods .......... 24,345] 24,135| 24,040) 40.9] +04 24,004] 23,926] 23,925] 22,457] +6.9
Nondurable goods industries . 143,500} 143,138} 142,717 +03 40.3 0.1} 143,484] 143,969] 142,734] 142,206 40.9
With unfilled orders . . . os 33,848 33,716 33,491 40.4 +0.7 +0.1 33,310 33,471 33,463 32,645 +2.0
Food and kindred products . . . . 30,963} 31,174] 31,045 0.7 +0.4 +0.8] 32,391 32,900] 31,626] 31,377 432
Meat products .. . . 3,356 3,417 3,462 -18 -13 0.8] 3,373 3,404 3,429 3,176] +62
Dairy products 2,768 2,744 2,716 40.9 +1.0 +15 2,685 2,737 2,722 2,666 40.7
Beverages . . . 5,251 5,307 5,302 “lf +01] 40.1 5,314 5,383 5,316 5,428 “2.1
All other foods, except fats and oils 17,951 18,058 17,904 0.6 +0.9 +14 19,279 19,670 18,787 18,447 +45
Tobacco products 5,712 5,621 5,713| +16 -16 0.2 5,683 5,669 5,641 6,558] -13.3,
Textile mill products ............ 9,804 9,712 9,633 +0.9 +0.8 -0.1 9,498 9,480 9,468 9,122 +41
Broadwoven fabrics and
other textiles 5,468 5,452 SAL +03 +0.8 0.0 5,386 5,357 5,268 5,245 42.7
Paper and allied products . 13,515] 13,509] 13,548 0.0 03 02] 13,348} 13,247] 13,337} 13,322] +0.2
Pulp, paper, and
Paperboard mill products... . 5,432 5,459 5,521 -0.5 “ll -15 5,329 5,334 5,423 5,702 -6.5
Paperboard containers and boxes 3,444 3391 3350] +16 2) +15 3,389] 3,306 3319 3,091] +96
Miscellaneous converted
Paper products . . . 4,639 4,659} 4,677 0.4 04] +01 4,630) 4,607 4,395 4,529] +22
Chemicals and allied products 33,954} 33,882] 33,981 40.2 03 03} 33,830] 33,612] 33,529] 34,406 17
Industrial chemicals 16,245 16,173 16,024 +04 40.9 0.2 16,148 16,000 15,891 16,641 3.0
Drugs, soaps, and toiletries . . 13,291] 13,292] 13,566 0.0 -2.0 0.7) 13,278) 13,287] 13,454] 13,481 “15
Petroleum and coal products . 10,412] 10,359] 10,310 +0.5 40.5 -2.7] 10,602} 10,672} 10,491 10,657 -0.5
Rubber and plastics products 12,827 12,801 12,620 +0.2 +14 0.2 12,774 12,614 12,435 12,168 +5.0
All other nondurable goods 26,313 26,080 25,867 +09 $0.8 +0.2 25,358 25,775 26,207 24,596 43.1

* 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

320 320

New Orders

300 + 300

280 280

260 260

20 Lt --------- 2 - ccc 240

220 1 i L 1 1 \ it i 1 1 i 1 1 220
Nov Jan Mar May Jul Sep Nov Jan Mar May Jul Sep Nov

Nov. 1992-Nov. 1994

Total Manufacturing
Ratio of Unfilled Orders and
Inventories to Shipments

V/S Ratios UO/S Ratios
2.5 41
2.4 4
2.3 3.9
2.2 3.8
2.1 3.7
2 3.6
1.9 3.5
1.8 3.4
1.7 3.3
1.6 3.2
1.5 3.1
1.4 3
1.3 2.9
1.2 bd 2.8

Nov Jan Mar May Jul Sep Nov Jan Mar May Jul Sep Nov
Nov. 1992- Nov. 1994

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
Nov. Oct. Sept. | Oct- | Sept- | Aug Nov Oct. Sept. Nov. | Nov.
1994? 1994" 1994 | Nov. Oct. | Sept. 1994" 194° 1994 1993 | 94/93
UNFILLED ORDERS
All manufacturing industries 453,899 | 450,853 | 448,843 | 40.7] +04 | +02 | 448,348 | 446,834 | 445,914 | 440,967 +17
Market categories :
Automotive equipment ....... 2,103 2,104 2,097 00} +03 -03 2,087 2,089 2,075 1,850 | +12.8
Home goods and apparel 10,116 10,259 10,378 “14 Ll 0.7 9,092 10,072 10,839 8,940 +17
Consumer staples : 1,612 1,547 1532 | +42] +10 3 1,605 1,568 1,583 1400 | +14.6
Machinery and equipment ++ | 183,398 | 181,033 | 180,896 | +13] +01 0.0 | 183,266 | 180,558 | 180,169 | 182,630 +03
Business supplies . . veces 5,869 5,788 5,568 | +14] +40 “16 5,706 3,726 5,651 5,294 478
Construction materials
and supplies . . see 15,673 | 15,522 | 15,165 +10] +24 +0.4 | 15,240 | 15,285 | 15,218 | 13,981 +9.0
Defense products . . . +++++ 1 103,386 | 104,758 | 105/830 -13] +10 | +02 | 102,543 | 103,829 | 104,038 | 111,090 17
Other materials, supplies and
and intermediate products .. . . . 131,742 | 129,842 | 127,377 +15 +19 +0.8 | 128,809 | 127,707 | 126,341 | 115,782 +113
Durable goods industries :
Nondefense capital goods ° . +» | 202,170 | 199,670 | 199,537 +13 +0.1 +0.3 | 202,516 | 199,454 | 198,822 | 199,423 +16
Excluding aircraft and parts .... | 90,839 | 39,724 | 87.728 | +12] +423] +20] 9118s | go'sos | 87013 | 74278 | +228
Defense capital goods * ++ | 109,512 | 110,823 | 111,780 -12]  -09 | +02 | 108,613 } 109,976 | 110,043 | 117278 74
Durables excluding capital goods. | 117,177 | 115,773 | 113,385 | +12] 421 | +402 | 113,205 | 113,139 | 112.422 | 103-755 +91
Miscellaneous series :
Producers’ durable equipment .... | 216,546 | 214,000 | 212,656 +12 +0.6 0.1 | 215,779 | 213,571 | 212,314 | 208,840 433
Household durable goods ... ... 6,229 6,162 6,090] +11] 412] 425 5,617 6,034 6,327 5,043 | +114
Information technology industries 36,579 | 36,421 35,631 +04 42.2 +2.8 | 37,048 | 36,721 35,762 | 32,799 +13.0
Health care equipment
and products ........... >| 6513 6,588 6,539 “Ll | +07 41 6,514 6,589 6,539 7,805 | -16.5
TOTAL INVENTORIES
All manufacturing industries. . 390,008 | 388,063 | 386,531 | +05] +04 -0.1 | 390,461 | 389,437 | 386,321 | 380,579 426
Market categories
Automotive equipment . 6,235 6199 | 6168 | +06] +05] +01 6,359 6,197 6,187 6,181 +29
Home goods and apparel 32,236 | 31,837 | 31,714 +13 +04 +0.3 | 30,829 | 31,042 | 31,613 | 29,121 $5.9
Consumer staples .. . . 58,144 | 58,161 | 58,327 00} -03 -0.1 | 59,451 | 59955 | 58.979 | 59,575 -02
Machinery and equipment ... . . 94,799 | 93,871 | 93,405 | +10] +05 -0.3 | 95,691 | 94,432 | 93395 | 89,571 +68
Business supplies... . seees [21519 | 2n41t {21209 | +05] +10 0.0 | 21,454 | 21,559 | 21,300 | 21,033 +2.0
Construction materials
and supplies : 25,039 | 24,956 | 24,851 +03} +04] +03 | 24617 | 24,658 | 24,576 | 23,558 +45
Defense products : 22,254 | 22,510 | 22,669 “ld 0.7 -2.0 | 22,326 | 22,756 | 22,710 | 26,309 | -15.1
Other materials, supplies and
and intermediate products ...... 129,782 | 129,118 | 128,188 | +05 | 40.7 | +0.1 | 129,734 | 128,838 | 127,471 | 125,231 43.6
Durable goods industries :
Nondefense capital goods’... ... 89,341 88,546 | 88,009 +09 +0.6 -0.5 | 90,108 | 89,240 | 88,012 | 83,991 +73
Excluding aircraft and parts .... | 63,206 | 62,382 | 61,642 413 +12 0.1 | 63,660 | 62,911 | 61,648 | 56,924 | +118
Defense capital goods* ........ 23,092 | 23,371 | 23,544 12] -0.7 -1.9 | 23,235 | 23,662 | 23,600 | 27,783 | -16.4
Durables excluding capital goods 134,075 | 133,008 } 132,261 +0.8 +0.6 +0.4 | 133,634 | 132,566 | 131,975 | 126,599 +5.6
Miscellaneous series :
Producers’ durable equipment .... | 152,450 | 151,028 | 150,225 +09 +0.5 0.0 | 153,085 } 151,574 | 150,306 | 143,316 +68
Household durable goods ...... . 14,226 14,001 13,981 +16 +0.1 0.1 13,822 13,834 13,908 13,076 +5.7
Information technology industries 33,478 | 33,143 | 32,743 +10 +12 -0.9 | 33,799 | 33,542 | 32,799 | 30,759 49.9
Health care equipment
and products ............... 13,446 | 13,454 | 13,606 -0.1 “11 05 | 13,495 | 13,501 | 13,536 | 13,601 -0.8

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
Nov. Oct. | Sept. | Oct.- | Sept-} Aug-] Nov. | Oct. | Sept.| Nov. | Nov.
1994°] 1994'| 1994] Nov.] Oct.} Sept.] 1994°] 1994] 1994] 1993] 94/93] 1994" | 1993
SHIPMENTS
All manufacturing industries... . 290,379] 283,975] 286,134] 42.3] -0.8} —-0.7| 292,019] 294,142} 304,359] 266,399] — +9.6] 3,079,393 12,839,272
Market categories :
Automotive equipment . 14,582] 13,605} 14,371] +7.2| -5.3) -2.9] 14,931) 15,026] 14,602] 13,163] +13.4] 153,979] 132,268
Home goods and apparel 19,227] 19,462} 19,565] 1.2] -0.5] +1.5] 20,282) 22,118] 22,072] 19,283] +5.2] 211,495] 196,191
Consumer staples ... . 59,791) $8,977 59,023] +14] 0.1] -1.6] 60,473] 60,709] 63,666] 57,370} —+5.4] 645,140] 626,061
Machinery and equipment . 51,761} $0,044] 51,011] +34] -1.9]  -0.2) 51,696] 49,965] 54,714] 46,293] +11.7] 537,846] 477,588
Business supplies 21,644] 20,966] 21,412] +32) -2.1] 1.1] 22,080] 22,202) 22,304] 19,929} +10.8] 230,957] 215,184
Construction materials
and supplies . 18,770} 18,357] 18,178] +22) +1.0/  -1.1) 18,537] 19,342] 19,545] 17,005] +9.0] 199,073] 182,890
Defense products ........ 7,276| 7.2791 7,175] 0.0) +14) 4.4) 7,506 7,173] 7,746] 7,683] -2.3] 79,249] 83,114
Other materials, supplies an
and intermediate products . . . 97,328] 95,285} 95,399] +21] -0.1] 0.0} 96,514] 97,607] 99,710] 85,673] +12.7} 1,021,654] 925,976
Durable goods industries :
Nondefense capital goods? ... . 38,999] 38,143] 38,508] +22) -0.91 +1.6] 38,538] 36,601] 42,470] 34,560} +11.5] 402,013] 359,417
Excluding aircraft and parts 34,164) 33,655] 33,609} +1.5] +01] +1.4) 33,833] 32,416} 37,179} 30,000) +12.8] 350,547] 301,761
Defense capital goods * - +] 6,750] 6,768] 6,683] -0.3] +13) 6.0] 7,090] 6,658) 7,193] 7,421] -4.5] 74,233] 80,071
Durables excluding capital goods . | 111,014] 107,675] 109,159] +3.1]  -1.4) 1.3) 112,067] 114,298] 114,610] 100,752] +11.2] 1,177,329 1,047,356
Miscellaneous series
Producers’ durable equipment 100,491] 97,049] 99,532] +3.5]  -2.5] —-1.1] 101,356] 100,222] 105,868] 92,053} +10.1] 1,062,030] 944,750
Household durable goods .......] 8,220] 8,251] 8,294] -0.4) 0.5] +05] 8,790] 9,245] 9,481} 8,243] +6.6} 89,295] 82,155
Information technology industries . | 19,148 18,467] 18,469] +37] 0.0} +2.8) 19,296] 17,262] 21,508] 16,422) +17.5] 191,043] 163,879
Health care equipment
and products... . 8,715] 8,601] 8,577] +13} +03] -1.0f 8,586] 8,490] 9,564] 8,353] +2.8] 93,269] 90,052
NEW ORDERS
All manufacturing industries 293,425] 285,985] 287,248] +2.6| -0.4,__0.0| 293,533] 295,062] 302,249] 262,656] +11.8]3,089,383 {2,808,053
Market categories :
Automotive equipment .. . 14,580] 13,613] 14,364 $7.1] -5.2) -3.1] 14,928] 15,041] 14,555] 13,210] +13.0] 154,163] 132,532
Home goods and apparel 19,084] 19,343] 19,494) -1.3] -0.8] +24) 19,302] 21,352] 21,575] 18514] +43] 211,925] 196,540
Consumer staples... .. . 59,856] 58,992] 58,973] +15] 0.0] 1.8} 60,510] 60,694] 63,622] 57,347] +5.5] 645,267] 626,022
Machinery and equipment . $4,126] 50,181] 51,036] +7.9] -1.7] 40.7} $4,404] 50,355] $4,144] 46,024] +182] 540,889] 462,712
Business supplies ........ 21,725] 21,186] 21,320] +25] -0.6 -1.4] 22,061] 22,277) 22,183) 19,794) +11.5] 231,297] 214,790
Construction materials
and supplies ...... 18,921] 18,713] 18,244] +11] +2.6 -0.6 18,492] 19,409] 19,385] 16,853) +9.7] 200,437) 182,544
Defense products... . . 5,904] 6,208] 7,354] -4.9] -15.6] +16.1] 6,220] 6,963] 7,744] 6,322] -1.6] 70,881] 70,868
Other materials, supplies and
and intermediate products 99,229] 97,749] 96,463} +1.5| +13] +0.1] 97,616] 98,971] 99,041] 84,592] +15.4] 1,034,524] 922,045
Durable goods industries :
Nondefense capital goods * . 41,499] 38,276] 39,056] +84] -2.0] +3.9] 41,600] 37,233] 42,405] 34,382] +21.0] 407,192] 341,656
Excluding aircraft and parts 35,279} 35,651] 35,355] -1.0] +0.8) 43.5] 35,510} 34,911] 38,312) 30,804] +15.3) 366,074] 305,779
Defense capital goods * .... 5,439| 5,811] 6,939] -6.4) -16.3) +129} 5,727] 6,591] 7,246] 6,048] -5.3] 65,708] 67,569
Durables excluding capital goods . | 112,418] 110,063] 109,438] +2.1] | +0.6] 1.3} 112,133] 115,015] 112,906] 99,007] +13.3] 1,187,382 |1,047,950
Miscellaneous series :
Producers’ durable equipment 103,037] 98,393] 99,256] +4.7| -0.9] — -1.3) 103,564] 101,479] 104,540] 91,602] +13.1] 1,071,666] 935,216
Household durable goods .......} 8,287] 8,323 8,443] -0.4] 1.4] +2.0) 8,373] 8,952] 9,427] 7,840] +68} 90,077] 82,772
Information technology industries .] 19,306] 19,257] 19,435] +0.3] -0.91 +8.0} 19,623] 18,221] 22,300] 17,351] +13.1] 196,005] 165,562
Health care equipment
and products .......... 8,640] 8,650] 8,294] -0.1] +43) -29) 8511 8,539) 9,281] 8,227) +35] 92,296] 89,404

* 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 : 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 paits; 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; communications equipment; aircraft, missiles, space vehicles, and engines and parts; ships, tanks

~~


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

Inventory / Shipments ratio Unfilled Orders / Shipments ratio!
Industry Nov. Oct. Sept. Aug, Nov. Oct. Sept. Aug.
1994? 1994" 1994 1994 1994? 1994" 1994 1994
All manufacturing industries... . 134 137 135 134 2.90 2.94 2.90 2.89
Durable goods industries _ 137 161 158 137 3.47 3.52 3.48 3.47
Stone, clay, and glass products . . . 110 113 112 110 119 1.20 117 1.15
Primary metals . _ 146 148 148 1.48 2.04 2.06 2.01 1.94
Fabricated metal products... 2... 152 156 134 152 1.42 1.46 1.45 144
Industrial machinery and equipment . 174 172 172 174 254 2.48 242 239
Electronic and other
electrical equipment . 1.64 1.66 1.65 1.64 1.90 1.94 1.95 1.96
Transportation equipment . _ 1.49 1.39 130 148 10.95 11.21 10.81 10.62
Instruments and related products . . . - 1.98 2.00 1.97 1.95 431 442 431 432
Nondurable goods industries . . . 1.07 1.09 1.08 1.08 0.75 0.76 0.74 0.73
Food and Kindred products... . 0.85 0.87 0.87 0.86 (X) (X) (x) ea)
Tobacco products ........ . 213 2.01 2.26 2.07 (xX) (X) (x) (X)
Textile mill products. . 1.58 1.56 153 1:54 (NA) (NA) (NA) (NA)
Paper and allied products . . 110 112 114 116 (NA) (NA) (NA) (NA)
Chemicals and allied products. . - 114 116 LAS 117 () & (X) (x)
Petroleum and coal products : 0.86 0.88 0.86 0.83 (X) (X) (Xx) (Xx)
Rubber and plastics products : 129 132 131 131 &) (&) (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
Nov. Nov. Nov. Nov,
Nov.? | 1993- Nov.? | 1993- Nov.? | 1993- Nov.? | 1993-
Nov.' | 1989- | Oct. | Nov.' | 1989- | Oct. | Nov.' | 1989-] Oct. | Nov.' | 1989-] Oct.
1994} 1993] 1994] 1994 | 1993] 1994] 1994] 1993 | 1994] 1994] 1993 | 1994
All manufacturing industries . . (X) 01 02 (xX) 0.1 0.2 (x) 0.0 01 (X%) 0.0 0.0
Durable goods industries... .. . “0.1 02 02 0.0 0.1 02 0.0 0.1 01 (x) 0.1 0.1
Stone, clay, and glass products . . (xX) 03 0.6 (X) 0.6 09 (x) 04 0.5 (X) 0.1 0.2
Primary metals... .. . - 0.1 05 04 0.1 0.5 0.7 0.0 01 04 (Xx) 0.1 02
Fabricated metal products. . . (x) 02 05 (x) 07 05 (x) 03 03 (x) 01 03
Industrial machinery and equipment .| 0.3 05 05 03 07 07 0.0 02 02 (&) 01 O14
Electronic and other

_clectrical equipment. 0.0 03 02 0.0 03 06 01 O41 03 fe) 01 Ol
Transportation equipment . -0.1 02 06 02 03 10 0.1 0.0 01 & 02 02
Instruments and related products (X) 0.1 0.5 (X) 0.6 21 (X) 0.2 04 (X) 01 03
Nondurable goods industries . _ (x) 00 02 (x) 0.1 02 (X) 0.4 0.4 (x) OL 0.1
Food and kindred products . (xX) 02 0.2 (xX) (x (X) (xX) (X) (X) (X) 02 0.1
Tobacco products . . . trees &) 02 02 (Xx) (x) (X) (X) (x (x) © 0.0 0.0
Textile mill products: . : (x) 03 04 &) (NA) & | wa] wa (x) 03 0
Paper and allied products... (x) 01 02 &%)} ava) | ava) (x) } @NA) | (NA) (x) ol Ol
Chemicals and allied products. . - (x) 01 02 &) (x) &) 0) () &) (x) Oo 01
Petroleum and coal products... . . (x) 02 03 &® (x) (xX) &) &® &) &) 02 02
Rubber and plastics products . . (X) 04 02 (X) (X) (xX) (xX) (X) (xX) (X) 01 02

Capital goods industries :
Nondefense fetes -0.1 02 04 0.1 03 05 0.0 0.1 0.1 (xX) 01 0.1
Defense . tee o -1.0 02 0.5 13 18 01 01 03 (xX) 0.0 03

(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 variability.


CURRENT INDUSTRIAL REPORTS

ie
ey

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

Manufacturers’ Shipments,

Inventories, and Orders

November 1994
M3-1-(94)-11
For Wire Transmissions 10:00 a.m. E.S.T. January 5, 1995

Kathy Menth or Gloria Cable
(301)457-4804 or (301)457-4832

Summary

New orders for manufactured goods in November increased
$7.4 billion or 2.6 percent to $293.4 billion, the Departmeat of
Commerce, Bureau of the Census reported today. This follows a 0.4
percent decrease in October, is the eighth increase this year and the
thirteenth in the last sixteen months. Year-to-date new orders are
10.0 percent above the same period a year ago.

Shipments increased $6.4 billion or 2.3 percent to $290.4
billion, following a 0.8 percent decrease in October. This is the first
increase since August, the sixth this year and the eleventh in the last
sixteen months. Year-to-date shipments are 8.4 percent above the
same period a year ago.

Unfilled orders increased $3.0 billion or 0.7 percent to $453.9
billion, following a 0.4 percent increase in October. This is the third
consecutive monthly increase and the eighth this year. The unfilled
orders-to-shipments ratio decreased to 2.90 from 2.94 in October.

Inventories increased $1.9 billion or 0.5 percent to $390.0
billion, following a 0.4 percent increase in October. This is the ninth
increase this year. The inventories-to-shipments ratio decreased to
1.34 from 1.37 in October.

New Orders

New orders for manufactured durable goods in November
increased $5.2 billion or 3.4 percent to $159.4 billion, unrevised
from the previously published 3.4 percent increase. This follows a
0.8 percent decrease in October and is the eighth increase this year.

Transportation equipment had the largest increase, $4.5 billion
or 12.7 percent to $395 billion, with increases in aircraft and
aircraft parts, and motor vehicles and parts. This follows an October
decrease of 9.4 percent. Electronic and other electrical equipment
increased $0.6 billion or 2.6 percent to $24.6 billion, the fourth
consecutive increase and the eighth this year. Fabricated metal
products increased $0.6 billion or 3.7 percent to $15.7 billion, the
fourth increase in the last five months. Stone, clay, and glass
products increased $0.3 billion or 4.6 percent to $7.1 billion, the
second consecutive increase. Instruments and related products had
the largest decline, $0.5 billion or 4.7 percent to $10.7 billion,
following a 6.2 percent increase in October. Primary metals declined
02 billion or 1.1 percent to $14.5 billion, the first decline since
july.

New orders for nondurable goods were $134.1 billion, up $2.2
billion or 1.7 percent from October. Except for apparel and tobacco
products, all industries increased, with the largest increases in food
and kindred products, chemicals and allied products, petroleum and
coal products, and printing and publishing.

Shipments

Shipments of durable goods in November increased $4.2 billion
or 2.7 percent to $156.8 billion, with increases in all major
industries. This follows declines of 1.1 percent in October and 0.8
percent in September and is the sixth increase this year. The
November percent change is revised from the previousiy published
2.8 percent increase.

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

Transportation equipment had the largest increase, $2.2 billion
or 5.9 percent to $39.5 billion, with increases in all categories except
shipbuilding and tanks. This follows a 5.5 percent decrease in
October. Electronic and other electrical equipment increased $0.6
billion or 2.7 percent to $24.3 billion, the thirteenth consecutive
monthly increase. Primary metals increased $0.4 billion or 2.9
percent to $14.0 billion, the tenth consecutive monthly increase.
Fabricated metal products increased $0.4 billion or 2.8 percent to
$15.6 billion, following a 0.9 percent decline in October.

Shipments of nondurable foods increased $2.2 billion or 1.7
percent to $133.6 billion. This follows two consecutive declines and
Is the eleventh increase in the last thirteen months. The largest
increases were in printing and publishing, food and kindred products,
chemicals and allied products, and petroleum and coal products; the
largest decreases were in apparel and related products and tobacco
products.

Unfilled Orders

Unfilled orders for durable goods in November increased $2.6
billion or 0.6 percent to $428.9 billion, the third consecutive monthly
increase. The November percent change is unrevised from the
previously published 0.6 percent increase. Industrial machinery and
equipment, up for the seventeenth consecutive month, increased $1.7
billion or 2.6 percent to $68.0 billion; increases within the industry
group were widespread. Primary metals increased $0.5 billion or 1.7
percent to $28.5 billion, the twelfth consecutive monthly increase.
Electronic and other electrical equipment increased $0.4 billion or
0.8 percent to $46.2 billion, the third consecutive monthly increase.
Stone, clay, and glass products increased $0.2 billion or 3.2 percent
to $7.7 billion, the third consecutive increase. The largest decline
was in instruments and related products, $0.4 billion or 0.9 percent
to $47.8 billion. This follows a 0.5 percent increase in October and
is the third decline in the last four months.

Inventories

Inventories for durable goods in November increased $1.6
billion or 0.6 percent to $246.5 billion. Except for the 0.1 percent
decrease in September, inventories have increased every month since
March of this year. Electronic and other electrical equipment, up for
the eleventh consecutive month and twenty-third of the. last twenty-
five, had the largest increase, $0.6 billion or 1.6 percent to $39.7
billion. Industrial machinery and equipment increased $0.5 billion
or 1.0 percent to $49.8 billion, the nineteenth increase in the last
twenty months. Primary metals increased $0.2 billion or 1.2 percent
to $20.4 billion. The only decline was in transportation equipment,
$0.2 billion or 0.3 percent to $58.9 billion.

Nondurable goods inventories increased $0.4 billion or 0.3
percent to $143.5 billion, following a 0.3 percent October increase.
Widespread increases were only partially offset by a decline in food
and kindred products.

By stage of fabrication, finished goods increased 0.9 percent
in durables and 0.2 percent in nondurables. Work in process
decreased 0.1 percent in durables and increased 1.3 percent in
nondurables. Materials and supplies increased 1.4 percent in
durables and declined 0.1 percent in nondurables.

(SEE BACK PAGE FOR 1995 RELEASE DATES)

‘The advance report on durable goods for December is scheduled for January 26, 1995 at 8:30 a.m. and the full report on February 3, 1995 at 10:00 a.m. For sale by the Superintendent
of 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 Information Services, Inc. (1-800-334-2564)


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

New Orders

Shipments

Nov Jan Mar May — Jul Sep Nov Jan Mar May — Jul Sep Nov
Nov. 1992-Nov. 1994

Defense Capital Goods
New Orders and Shipments
Three Month Moving Averages

Billions of Dollars
11 11

10

5 1 1 L i i 1 1 i 1 1 i 1 1 5
Nov Jan Mar May — Jul Sep Nov Jan Mar May — Jul Sep Nov

Nov. 1992 - Nov. 1994

Note: All Charts based on seasonally
adjusted current dollars.


Table 7. VALUE OF MANUFACTURERS’

BY INDUSTRY GROUP
(Millions of dollars)

INVENTORIES, BY STAGE OF FABRICATION,

Seasonally adjusted

Not seasonally adjusted

Industry Monthly Percent Change Monthly Percent
° change
Nov Oct Sept. | Oct- } Sept- | Aug- Nov. Oct. Sept Nov. | Nov.
1994" 1994" 1994 } Nov. Oct. | Sept 1994" | 1994" 1994 1993 | 94/93
MATERIALS AND SUPPLIES
All manufacturing industries 126,868 | 125,903 | 125,284 | +08] +05 | +08 | 127,147 | 126,489 | 125,265 | 121,103 45.0
Durable goods industries. . waio | 73,367 | 72,713] +14] +09 | 40.7 | 74877 | 73,898 | 73,172 | 68,916 +8.6
Stone, clay, and glass products 2,608 | 2,607 | 2.616 00} -03} 425] 2599] 2500 | 2608 | —2's08 +3.6
Primary metals ...... 6,345, 6,281 6,170 +1.0 +18 +15 6,480 6,419 6,269 6,040 +73
Fabricated metal products seas 8,282 8,266 8,186 +0.2 +10 +19 8,307 8,214 8,243 7,788 +6.7
Industrial machinery and ‘equipment 16,880 16,285 16,243 43.7 +03 09 16,998 16,422 16,287 14,504 417.2
Electronic and other
electrical equipment 12871 | 12,724 | 12379 | +12] 428 | +14 | 12,798 | 12,738 | 12,369 | 10,623 | +205
Transportation equipment ....... 10,978 10,864 10,899 +10 0.3 +08 11,055 10,881 10,975 11,398 3.0
Instruments and related products . 6795 | 6756 | 6,693} +06] +09] -04 | 6763 | 6.728 | 6703 | 6,662 +15
Lumber, furniture and
miscellaneous durable goods 9651 | 9,584] 9527] +407] +06] +11] 9,877] 9897] 9,718] 9,393 45.2
Nondurable goods industries 52,458 52,536 $2,571 0.1 0.1 +0.9 $2,270 52,591 $2,093 52,187 +02
Food and kindred products « 10,164 | 10325 | 10,225 s16 | +10} +23 | 10,417 | 10,560 | “91855 | 10,200 | +21
Tobacco products . . . 474 | 4726 | 4.813 03] 18} -17 | 4552 | 4,620 | 4,700 | 5.263 | -13.5
Textile mill products 2,905 2,842 2,802 42.2 +14 +04 2,797 2,740 2,748 2,574 +8.7
Paper and allied products 6359 | 6829 | 6813 | +04] +02] +07] 6847] 6820] 6816 | 6,696 423
Chemicals and allied products 11289 | 11272 | 1301 | 402] 03 | 406] 11259 | 11276 | 11233 | 11,338 07
Petroleum and coal products 2,904 2,978 3,047 25 23 +0.9 874 3,048 3,051 3,075 65
Rubber and plastics products . 4,774 4,731 4,673 +0.9 +12 0.0 4,810 4,726 4,697 4,469 +76
Apparel printing and publishing
and leather goods 3849 | 8.833 | 8897 | +02] -07 | 421 8,714 | 8,801 8,993 | 8,572 +17
WORK IN PROCESS
All manufacturing industries 129,473 | 129,241 | 129,363 | +02] 01 -0.5 | 130,434 | 130,990 | 130,264 | 130,560 0.1
Durable goods industries... 105,137 | 105,215 | 105,458 0.1] -02 |  -07 | 105,835 | 106,393 | 106,147 | 106,892 -1.0
Stone, clay, and glass products « 1,063 047 | oos | +s | 443] 29 996 001 991 988 | +08
Primary metals : 7498 | 71424} «7359 | +10] +09] -10 | 7454] 7446] 7,432 | 7,233 43.1
Fabricated metal products 7586 | 7.559 | 7551 | +04] +01 -17 | 7534] 7586 | 7566 | 7,471 408
Industrial machinery and ‘equipment 18,686 18,667 18,851 +01 -10 1.0 19,265 19,310 19,373 19,067 +1.0
Electronic and other
electrical equipment 16,035 15,879 15,727 +10 +10 42.0 15,992 15,960 15,698 14,018 +141
Transportation equipment 39925 | 40343 | 40580 | -Lo} -06 | -1.7 | 40,326 | 40,730 | 40,580 | 43,924 82
Instruments and related produc 9204 | 9140 | 9199} 40.7] -06 | -0.1 | 9263 | 9,266 | 9306 | 91570 3.2
Lumber, furniture and
miscellaneous durable goods . sao] 5,156] 5,187] 03] -06] +14] 5,003 | 5,094} 5,201 | 4,621 +83
Nondurable goods industries 24,336 | 24026 | 23,905] +13] +05 | +06] 24,599 | 24,597 | 24,117 | 23,668 43.9
Food and kindred products 4122 | 4212 | “4212 | -21 00 | 43.7 | “4448 | “491 | 4.236 | 4370 +18
Tobacco products 210 190 192 | +105] -10] +61 318 266 223 266 | +19'5
Textile mill products 2567 | 2,558 | 2550] +04] +03] -05]) 2531 | 2548 | 2,565 | 2,529 40.1
Paper and allied products 1217 | 1217 | 1,198 00} +16] +01 1190 | 1168 | 1181 1:148 43.7
Chemicals and allied products” si4s9 | S413. | 5,499 | +08] -16 00 | $1461 5426 | 5,493 | 5,723 4.6
Petroleum and coal products 2362 | 2285 | 2225 | 434] 427] -42 | 2378 | 2359 | 2270] 2313 428
Rubber and plastics products 1903 | 1876] 1864] +14] +06] +405] 1959] 1917 | 1855 1/808 48.4
Apparel, printing and publishing
and leather goods ... . . 6496 | 6275} 6165 | 435] +18] +15] 6314] 6222 | 6294] 55i1 | +146
FINISHED GOODS
All manufacturing industries 133,667 | 132,919 | 131,884] +06} +408}  -0.6 | 132,880 | 131,958 | 130,792 | 128,916 $3.1
Durable goods industries. .... | 66,961 | 66,343 | 65,643 | +09} +11 0.0 | 66,265 | 65,177 | 64,268 | 62,565 +59
Stone, clay, and glass products 3,877 | 3,877 | 3.880 oo} 01] +05} 3.772 | 3,707) 3704 | 31844 -19
Primary metals. 6570 | 647i | 6341 | +15] 421 | +06] 6499 | 6399 | 6.253 | 51973 488
Fabricated metal products 7,876 7,854 7,900 +0.3 0.6 17 7,602 7,608 7,648 7,460 +19
Industrial machinery and equipment | 14.223 | 14321 | 13,899 | ~ +30 | 0.1 | 14123 | 14069 | 13422 | 13,071 +8.0
Electronic and other
electrical equipment ........... 10,825 | 10,518 | 10341 +17] 414] 10,666 | 10,381 | 10,219 | 8,882 | +20.1
Transportation equipment . 8,046 | 7.924} 7.921 | +15 oo} +01 g4i7 | 8072 | 7.984 | 8,760 “3.9
Instruments and related products s990 | s'983 | 6035 | +01] -09]| -03 | 6,064] 6006] 6,032 | 6,132 “11
Lumber, furniture and
miscellaneous durable goods 9554] 9395] 9326] +17] +407] -08 | 9,122 | 8935 | 9,006 | 8,443 +8.0
Nondurable goods industries 66,706 | 66,576 | 66,241} +02} +05 | -12 | 66,615 | 66,781 | 66,524 | 66,351 +04
Food and kindred products | | : 16,677 | 16637 | 16608} +02] +402] -08 | 17,526 | 17649 | 17,533 | 16,807 +43
Tobacco products .... 788 705 703 +118 -0.4 +94 813 783 718 1,029 -21.0
Textile mill products . 4,332 4312 4,281 +0.5 +0.7 0.1 4,170 4,192 4,155 4,019 43.8
Paper and allied products . . 5,439 5,463 5,537 04 -13 14 5,311 5,259 5,340 5,478 3.0
Chemicals and allied products 17,206 17,197 17,181 +0.1 +01 “1.0 17,110 16,910 16,803 17,345 -14
Petroleum and coal products 5,146 5,096 5,038 +10 +12 41 5,350 265 5,170 5,269 +15
Rubber and plastics products | 6.150 | 6194 | 6,083 07} +18] 07} 6005] 5971 51883 | 5891 +19
Apparel, printing and publishing
and leather goods . 10,968 10,972 10,805 0.0 +15 2.1 10,330 10,752 10,920 10,513 “17

® Preliminary. ‘ Revised.

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


Table 3. VALUE OF MANUFACTURERS’

UNFILLED ORDERS FOR
(Millions of dollars)

INDUSTRY GROUPS

Seasonally adjusted

Not seasonally adjusted

Industry Monthly Percent Change Monthly Percent
change
Nov. Oct. Sept.| Oct-| Sept-]  Aug.- Nov. Oct. Sept Nov.| Nov.
1994” 194" 1994] Nov.| Oct. | Sept. 1994? 194° 1994 1993] 94/03
All manufacturing industries 453,899} 450,853] 448,843 40.7] +04] 40.2] 448,348] 446,834] 445,914] 440,967) +17
Manufacturing industries
without defense capital goods 344,387} 340,030] 337,063] +13] +09] +03] 339,735] 336,858] 335,871] 323,689] +5.0
Durable goods industries. 428,859 | 426,266] 424,702 +06] +04] 40.3] 424,334] 422,569] 421,287] 420,456]  +0.9
Stone, clay, and glass products 7,723 7,481 7,325 43.2 42.1 0.0 7,437 7,387 7,549 6,936 47.2
Primary metals 28,479] 27,993] 26948] +1.7] 439] 43.9] 26.497] 26,307] 25,910] 21,031] +26.0
Blast furnaces, steel mills ..... 11,518 11,448 11,253 +0.6 +17 42.6 10,631 10,689 10,860 9,667} +10.0
Iron and steel foundries 3,495 3,498 3,491 01] 402] +09 3,450 3,475 3,432 3,075] +12.2
Nonferrous and other primary
metals... 2. : 13,466] 13,047} 12,208] #3.2] 46.9] = +6.0] 12,416] 12,143] 11,618 8,289] +498
Fabricated metal products see 20,512] 20,462] — 20,557 +02 -0.5 -1.3] 20,054] 20,278] 20,630] 19,834 +1
Industrial machinery and equipment . | 67,994] 66,290] 64,467] 42.6] 42.8 ; 68,307| 66,158] 63,853] $2,540] +30.0
Engines and turbines 10.960] 10,802] 10606) +15] +18 11,407} 11,175] 10,747] 10,327] +10.5
Construction, mining and
material handling equipment... . 7,137 6,985 6,830 +22 42.3 +3.0 7,023 6,883 6,658 5,728] +22.6
Metalworking machinery 9,589) 9,411 9492] +19 09] +14] 9,589 9411 9,492 6,944] 438.1
Computer and office equipment 11,580 11,471 10,666 1.0 475 +5.8 12,066 11,779 10,794 7,844]  +53.8
Electronic and other
electrical equipment 46,191] 45,834] 45,471] +08] «+08 = 40.1] 45,780] 45,342] 44,950] 45,296] +11
Electrical transmission and
distribution equipment and
industrial apparatus ......... 5,880 6,029 5,857 2.5 42.9 -1.6 5,897 6,012 5,841 5,857 40.7
Electric lighting and
wiring equipment . ........ 3,658 3,679] 3,562 06] 433) +15 3,658] 3,679 3,562 3,270] +119
Communications equipment 14,197] 14,153] 14,530] +03, 2.6 14,243] 14,207] 14514] 15,133 5.9
Electronic components . 16,614 16,251 15,853 42.2 42.5 3 16,082 15,647 15,347 15,484 43.9
Transportation equipment . 201,916} 201,709] 203,781] +01 -10 -0.3| 200,885] 200,604] 202,217] 215,744 6.9
Aircraft, missiles,
space vehicles, and parts. 173,200] 172,415] 174,580] +0.5 -12 0.7] 172,364] 171,466} 173,113] 187,255 -8.0
Shipbuilding and tanks .. . 15,984 16,347 16,659 22 19 43.0 15,993 16,362 16,671 19,894] -19.6
Instruments and related products . 47,836 48,285 48,034 09 40.5 13 47,689 48,339 47,816 $1,725 -78
Search and navigation equipment 31,389} 31,769] 31,825 “12 -02 4] 31,280] 31,817] 31,571] 34,245 “87
Measuring and controlling devices 9,154 9,088 8,920 40.7] +19 4 9,154 9,088 8,920 8882] +3.1
Medical instruments and supplies 6,482 6,556 6,507 ll +0.8 2 6,482 6,556 6,507 7,7174| 16.6
All other durable goods... . 8,208 8,212 8,119 0.0 +h 4 7,685 8,154 8,362 7,350 +4.6
Nondurable goods industries 25,040] 24,587] 24,141 +18 +18 +0.1] 24,014] 24,265] 24,627] 20,511] +17.1

? 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 adjusted’
Monthly Percent Change Monthly Percent Year to date
Industry change

Nov.] Oct. | Sept. | Oct-| Sept-} Aug-] Nov.] Oct.]  Sept.| Nov. | Nov.
1994°} 1994'] 1994] Nov. | Oct.| Sept.| 19947] 1994] 1994] 1993} 94/93 | 19947} 1993

All manufacturing industries... . . 293,425) 285,985] 287,248] +2.6| -0.4]__0.0| 293,533] 295,062] 302,249} 262,656] — +11.8] 3,089,383 }2,808,053,
Manufacturing industries
with unfilled orders o 159,721] 155,461] 155,699] +2.7] -0.2} +1.0] 160,248] 159,098] 164,250] 140,393]  +14.1| 1,663,908 ]1,478,718
without defense capital goods... . 287,986] 280,174} 280,309] +2.8| 0.0 _-0.3| 287,806] 288,471] 295,003] 256,608] +12.2] 3,023,675 |2,740,484
Durable goods industries ......... 159,356] 154,150] 155,433] 43.4] -0.8]  +0.5] 159,460] 158,839] 162,557] 139,437]  +14.4] 1,660,282 ]1,457,175
With unfilled orders : 126,089] 122,701] 122,985] +28] -0.2} +1.5] 126,350] 125,099] 129,904] 110,202) +14.7] 1,310,982]1,154,016
Stone, clay, and glass products .....] 7,124] 6,812] 6,702| +46] +1.6]  -1.2] 6971] 7,103] 7,252] 5,954] +17.1] 74,693] 65,674
Primary metals ........... 14,468] 14,635] 14,398] 1.1] +16) +5.) 14,105] 14,463] 14,028] 11,554) +22.1] 147,491 127,540
Blast furnaces, steel mills o 6121] 6,156} 6,221] -0.6} 1.0} +3.1) 5,872] 5,950] 6,037] 5,217] +12.6} 64,434] 59,381
Iron and steel foundries... . . 1,267] 1,229] 1,277] 43.1] -3.8) +12.0] 1,259) 1,390] 1,265] 1,146} +9.9] 13,775] 11,865
Nonferrous and other primary
metals . : : 7,080} 7,250] 6,900} -2.3] +5.1)  +5.8] 6,974] 7,123) 6,726] 5,191] +34.3] 69,282] 56,294
Fabricated metal products ..... . 15,663] 15,100] 15,052] +3.7] +0.3] -4.3) 15,308] 15,739] 15,849] 13,742] +114] 167,647] 153,441
Industrial machinery and equipment - | 30,309] 30,415] 29,842) -0.3] +1 -0.1| 30,079] 30,041] 31,656] 26,187] +14.9] 313,114] 261,112
Engines and turbines... . . «| 2,078] 2,089] 1,906] -0.5] +9.6) -24.8] 2,113] 2,140] 2,196] 1,570] +34.6) 20,747] 16,595

Construction, mining ani
material handling equipment
Metalworking machinery

3,073] 2,978] 3,010} +3.2| Llp +5.1) 2,956] 3,112} 3,007), 2,477) +19.3 31,420] 27,350
3,376} 3,108 3,337] +8.6 6.9) +2.2) 3,635] 3,295 3,663) 3,076} +18.2 34,306] 27,702

Computer and office equipment ...| 8,009] 8,604] 8280] 6.9] +3.8| +701 81132) 7.728] 91913] 7.624] 46.7] 83,242) 68,122
Electronic and other
electrical equipment - +++] 24,609] 23,974) 23,403] 42.6] 42.4) 44.3) 25,617] 24,343] 25,176] 20,737] +23.5] 249,050] 214,077

Electrical transmission and
distribution equipment and

industrial apparatus ...........] 2,516) 2,786} 2,517] -9.7] +10.7] -2.5 2,459] 2,715] 2,767] 2,414] +1.9] 28,830] 26,641
Electric lighting and
wiring equipment ....... 1,851] 1,993] 1,931] 7.1] +32] +3.0f 1,969] 2,013] 2,063] 1,912] +3.0] 20,188] 18,609
Communications equipment .....] 5,784] 5,044] 5,832} +14.7] -13.5] +23.9| 5,891] 4,814] 6,554) 4,350] +354] 53.242] 43,371
Electronic components . . . -| 8.988} 8835] 8.042] 41.7] +99) -0.1] 9.129} 8.731] 8,100] 6,379} +43.1] 89,209] 73,574
Transportation equipment .........] 39,696] 35,231} 38,887] +127} -9.4 +0.2 40,315) 38,179} 39,264] 35,253] +14.4) 411,728] 357,612
Aircraft, missiles,
space vehicles, and parts. . . 9,369] 5,970} 7,145] +56.9} -16.4] -0.3) 9,513) 6,193] 7,355] 7,392] +28.7) 79,764] 71,367
Shipbuilding and tanks . . 465] 528] 1.423) -11.9} 62.9 +239.6] 429) '537} 1449] 212} +1024] 7.239] 9.370

Instruments and related products

10,654] 11,183] 10,531] -4.7] +6.21 -3.0] 10,697] 11,402] 11,779] 10,649] -+0.5] 116,309] 113,196
Search and navigation equipment

1,955 2,372] 2,400} -17.6 -1.2) +0.6) 1,994) 2,572) 2,842} 2,237] -10.9 23,897] 26,221

Measuring and controlling devices . 3,412} 3,301] 3,087] +3.4) +6.9) 4.2) 3,375] 3,307] 3,369] 3,160] 9 +6.8] 35,413] 31,602
Medical instruments and supplies .| 2.994] 3,069] 2,700] -2.4] +13.7] -7.6 2,979] 2,989] 2,930} 2,889] +3.1) 31,723] 31,416
All other durable goods ..... -| 16,833} 16,800] 16,618) +0.2} +11] +0.8) 16,368] 17,569] 17,553] 15,361 +6.6| 180,250] 164,523
Nondurable goods industries . 134,069} 131,835] 131,815] +1.7 0.0] — -0.6] 134,073] 136,223] 139,692] 123,219]  +8.8] 1,429,101 1,350,878
With unfilled orders ........... 33,632} 32,760] 32,714) +2.7] +0.1] -0.7] 33,898] 33,999] 34,346] 30,191] +12.3) 352,926] 324,702

* 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 variability and revision. Since the survey panel is not a probability sample,
estimates of sampling variability cannot be calculated. Further details on survey design, methodology, and data limitation 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 GRO!

(Millions of dollars)

Seasonally adjusted

Not seasonally adjusted"

Monthly Percent Change Monthly Percent Year to date
Industry change
Nov.}| Oct. | Sept. | Oct-| Sept-| Aug-} Nov.] Oct.} Sept.| Nov. ] Nov.
1994? | 1994'} 1994] Nov.} Oct.] Sept.] 19947} 1994] 1994] 1993} 94/93 | 1994" | 1993
All manufacturing industries 290,379] 283,975] 286,134] +231 -0.8]_-0.7| 292,019] 294,142] 304,359] 266,399] —_+9.6 3,079,393 |2,839,272
Manufacturing Industries
with unfilled orders . . . 156,675] 153,451} 154,585] 42.1] -0.7]  -0.3] 158,734] 158,178] 166,360] 144,136] +10.1] 1,653,918 1,509,937
without defense capital goods 283,629} 277,207] 279,451) +2.3] -0.8}_—-0.5] 284,929] 287,484] 297,166] 258,978]  +10.0]3,005,160 |2,759,201
Durable goods industries ...... 156,763] 152,586] 154,350] +2.7) -1.1) 157,695] 157,557] 164,273] 142,733|  +10.5] 1,653,575 |1,486,844
With unfilled orders 123,496] 121,137] 121,902} +19] -0.6 124,585] 123,817] 131,620] 113,498} — +9.8) 1,304,275 ]1,183,685,
Stone, clay, and glass products 6,882] 6,656] 6,699] +3.41  -0.6,  - 6,921] 7,265] 7,466) 6,247} +108] 74,075] 65,130
Primary metals. . 13,982] 13,590} 13,393] 42.9] +15] +03) 13,915} 14,066] 13,935] 11,639] +19.6] 142,542] 127,185
Blast furnaces, steel mills 6,051} 5,961] 5,938] +15] +04 -0.4) 5,930] 6,121] 6,069] 5,283] +12.2] 63,515] 58,136
Iron and steel foundries 1,270} 1,222) 1,246] 43.9] -1.9] -0.2] 1,284) 1,347] 1,312] 1,120] +146] 13,368] 11,620
Nonferrous and other primary
metals . 6,661] 6,407 6,209] +4.0] +32) +1.0/ 6,701] 6,598] 6,554] 5,236] +28.0] 65,659] 57,429
Fabricated metal products .: 15,613] 15,195] 15,327} +2.8]  -0.9}  -2.2 15,532] 16,091} 16,181] 14,513] +7.0} 167,639} 156,368
Industrial machinery and equipment 28,605] 28,592) 28,448 0.0] +0.5] +0.1} 27,930] 27,736] 30,703} 24,970] +11.9] 297,785] 258,691
Engines and turbines 1,920} 1,893] 1,933] +14) -2.1]  -0.9F 1.881] 1,712] 2,202] 1650] +14.0] 19,479] 16,324
Farm and garden machinery 1,885} 1,899] 1,834] -0.7] 43.5] -7.7) 1,553] 1,847] 1,589] 1,279] 421.4] 19,893] 16,377
Construction, mining and
material handling equipment ....] 2,921] 2,823] 2,814] +3.5] +0.3) -1.1) 2,816] 2,887] 2,843] 2,448] 415.0] 30,188) 27,221
Metalworking machinery ....... 3,198] 3,189) 3,203} +0.3) -0.4} +34) 3.457] 3,376] 3,529] 2,960] +16.8] 32,052] 28,091
Computer and office equipment . 7,900) 7,799] 7,703) +13) +1.2| +4.6] 7,845] 6,743] 9,492] 6,793] 415.5] 78,427) 67,399
Electronic and other
electrical equipment . 24,252] 23,611] 23,341) +2.7] +12) +0.9] 25,179] 23,951] 25,691] 21,213] +18.7] 247,708] 210,868
Electrical transmission and
distribution equipment and
industrial apparatus... . . 2,665} 2,614) 2,613} 42.0] 0.0) -1.5] 2,574] 2,544] 2,808] 2,411] 46.8] 28,703] 26,336
Household appliances 1,894] 1,869] 1,895] +13] -1.4] -1.8} 1,849] 1,856] 2,010] 1,694] +9.1] 20,685] 18,307
Electric lighting and
wiring equipment . . 1,872} 1,876} 1,877| -0.2] -0.1) -0.1] 1,990} 1,896] 2,009} 1,801] +10.5} 19,767] 18,319
Household audio and
video equipment 1,082} 1,109] 1,047] -2.4] 45.9) 2.5) 1,375] 1,504] 1,299] 1,205] +14.1] 11,931] 10,356
Communications equipment 5,740] 5,421] 5,316} +5.9) 42.0] 44.11 5,855] 5,121] 6,028) 4,321] +35.5] 54,031] 41,660
Electronic components 8,625] 8,437] 8,413} +221 +03] +09 8,694] 8,431] 8.976] 7,163] +214) 88,231] 73,772
Transportation equipment 39,489] 37,303] 39,485] +5.9]  -5.5] -2.8] 40,034] 39,792] 40,303} 37,118] +79] 424,319] 387,714
Motor vehicles and parts . 28,068] 26,413] 28,324] +63) 6.7] -3.2] 28,728] 29,090] 28,534] 26,016] +10.4] 302,866] 259,421
Aircraft, missiles,
space vehicles, and parts. 8,584] 8,135] 8,362] +55] -2.7| -3.2) 8,615] 7,840] 8,948] 8,400) +2.6] 91,425} 101,288
Shipbuilding and tanks 828] 840/940) -1.4) -10.6f 40.9] 798] 846] 982) 1,031] -22.6] 10,542] 10,690
Instruments and related products . 11,103] 10,932] 11,151} +16] -2.0]  -0.9} 11,347] 10,879] 12,222] 11,319) +0.2} 120,014] 117,058
Search and navigation equipment 2,335} 2,428) 2,535] -3.8]  -4.2) -0.7} 2,531] 2,326] 2,814] 2.964] -14.6] 26,907) 29,131
Measuring and controlling devices .] 3,346) 3,133) 3,305] +68] -5.2| -0.3) 3,309) 3,139) 3,587] 2,997] +104) 35,091} 31,908
Medical instruments and supplies 3,068] 3,020] 2,984) +16) +12} -2.11 3,053] 2,940] 3,214] 3,015] +1.3] 32,697] 32,065
Photographic goods . 1,995} 1,968] 1,931] +14] +19} 1.7} 2,109] 2,091] 2,167] 1,995] +5.7] 21,241] 20,220
All other durable goods . . 16,837} 16,707] 16,506] +08] +1.2} +0.8) 16,837] 17,777] 17,682] 15,714] +7.1] 179,493} 163,830
Nondurable goods industries . . 133,616] 131,389] 131,784] +17] -0.3) —-0.5] 134,324] 136,585] 140,086] 123,666] +8.6] 1,425,818 11,352,428
With unfilled orders 33,179} 32,314] 32,683) +2.7] 1.1] -0.5] 34,149] 34,361] 34,740] 30,638] +11.5] 349,643] 326,252
Food and kindred Products 1 36,494] 35,909] 35,810] +1.6]  +0.3) -0.1] 36,858] 37,253] 38.219] 35,276] +4.5} 392,159] 378,892
Meat products... . 8,121] 8,153] 8,145] -0.4] +01] +11) 7,959] 8,486] 8,522) 7,801] +2.0] 88,762] 87,511
Dairy products 4,745] 4,669) 4,641] +1.6) +061 +09} 4,830] 4,631] 4.815] 4,618] +4.6] 51,151] 49,568
Beverages 5,327] 5,294) 5,182] +06] +2.2) -2.1) 5,087] 5,132] 5,305] 4,805] $5.9] 57,658} 54,291
All other foods, except f ‘fats and oils | 16224] 16,016] 16015] +13} 00 -0.2| 16,905] 17227] 17750] 16114] +49] 1741436) 168/447
Tobacco products -_ 2,682} 2,801] 2,529] -4.2) +108) -8.6f 2,779] 2,679] 2,784) 2,517] +104] 29,675] 28,247
Textile mill products... . 6,223] 6,233] 6,302] -0.21 -1.1] +0.7] 6,337] 6,640] 6,959) 6,007) +5.5] 68,364] 64,863
Broadwoven fabrics and
other textiles 3,917] 3,892] 3,890} +06] +0.1] +0.6] 3,886] 4,004] 4,278] 3,599] +8.0] 42,265] 39,986
Paper and allied products 12,314] 12,085] 11,843) +19] +2.0)  +0.9] 12,267] 12,369] 12,283] 10,642] +15.3) 125,881] 119,054
Pulp, paper, and
paperboard mill products ...... 5,029] 4,906] 4,776] +2.5} +2.7| +1.7] 5,104] 4,937] 4,862] 4,348] +17.4] 50,037] 47,941
Paperboard containers and boxes ..} 3,247] 3,191] 3,120] +18] +23] 40.5) 3,218} 3,352) 3.214] 2,633 +222) 32,940] 29,340
Miscellaneous converted
Paper products... .. 4,038] 3,988) 3,947] +13 +0.) 3,945] 4,080] 4,207) 3,661] +78] 42,904] 41,773
Chemicals and allied products 29,786) 29,275] 29,475) +1.7 +14) 28,638] 28,594] 30,783] 25,589] +11.9] 312,380] 288,382
Industrial chemicals . 15,996] 15,646] 15,726] +2.2 +23] 15,660] 15,579] 16,090] 13,283] +17.9] 164,342] 148,586
Drugs, soaps, and toiletries 10,402] 10,279) 10,304) +1.2| -0.4| 10,194} 10,211] 11,720] 9,840] +3.6| 111,549] 106,875
Petroleum and coal products 12,160 11,713) 11,971) 43.8) 6.1] 12,605} 12,509] 12,711] 11,732] +7.4] 131,964] 136,818
Rubber and plastics products -| 9,925] 9,723] 9,630) +21 -0.5] 9,531] 10,074 10,013] 8,517] +119} 104,721] 96,074
Alll other nondurable goods ..... . 24,032] 23,650] 24,215] +1.6 -0.6| 25,309] 26,467] 26,334] 23,386] +8.2] 260,674] 240,098

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