Table 4. VALUE OF MANUFACTURERS’

INVENTORIES FOR INDUSTRY GROUPS
(Millions of dollars)

Seasonally adjusted

Not seasonally adjusted

Industry Monthly Percent Change Monthly Percent
change
Feb. Jan. Dec.| Jan.-| Dec] Nov.- Feb. Jan. Dec. Feb. Feb.
1995" 195° 1994] Feb. Jan Dec. 195° 195" 1994 1994] 95/94
All manufacturing industries 399,223] 396,104] 391,810] +08] +11] +05] 401,440] 394,792} 384,058} 381,699] +52
Manufacturing industries
with unfilled orders ...... 265,257] 263,455] 260.413} 40.7] +12] +05] 265,891] 261,106] 253,369] 251,942] +5.5
without defense capital goods... . 376,980 | 373,494] 369.065] +09] +12] +06} 379,356] 372,755] 362,307] 355,522] +67
Durable goods industries ........ 251,866 | 250,251] 247,644 +0.6 +11 +05] 253,442] 248,914] 241,784] 239,966 +5.6
With unfilled orders 230,331 | 228,937] 226,438 +0.6 +11 +05] 230,899] 226,981] 220,503] 218,748 45.6
Stone, clay, and glass products . . 7,783 7,720 7,653 +0.8 +0.9 +11 8,019 7,765 7,541 7,106 44.1
Primary metals... 21294] 21,095] 20,772] +09) 416] +15] 21414] 21,137] 20,749] 19,538] +9.6
Blast furnaces, steel mills” 10,073 9,912 9,779 +16 +14 +0.2 10,184 10,079 9,987 9,586 +62
Iron and steel foundries 1,594 1,600 1,603 “0.4 02] +09 1,613 1,602 1,581 1,453] +11.0
Nonferrous and other primary
metals : 9,627 9,583 9390} +05] +21] +30 9,617 9,456 9,181 8499] +13.2
Fabricated metal products. 24,481 24,329 24,149 +0.6 +0.7 +13 24,710 24,353 23,714 23,304 +6.0
Industrial machinery and equipment 51,360] 50,839] 49,654 +10 424 -O.1] 51,735} $0,676] = 48,269] 47,303 +94
Engines and turbines ...... . 3,799 3,811 3,838 -0.3 07] +30 3,687 3,614 3,503 3416] +79
Farm and garden machinery 2,856 2,838 2,828 +0.6 +04 43.7 3,119 3,101 2,995 2,659) +173
Construction, mining and
material handling equipment. . . 6,307 6,225 6178} +13 +0.8 -03 6,389 6,234 6,053 5,669] +127
Metalworking machinery Aon 5,841 5,817 5,706 +04 +19 +14 5,829 5,735 5,479 5,299] +10.0
Computer and office equipment 11,695] 11,690] 10,961 00 +67 35] 11,543] 11465] 10411] tn341} +18
Electronic and other
electrical equipment os 42,234] 41,421] 40,393] +20) 425] 441.7] 42,208] 40,849] 39,007] 34,628} 421.9
Electrical transmission and
distribution equipment and
industrial apparatus . . 4,803 4,790 4,708 +03 +17 +14 4,770 4,715 4,55: 4216] +131
Household appliances . . . 2,890 2,843 2,774 +17 #2.5 0.8 3,017 2,830 2,552 2716] +11
Electric lighting and
iring equipment . . . 3,146 3,149 3,088 0.1] 420) +12 3,127 3,060 2,937 2,937| +65
Household audio and
video equipment + 1,379 1,350 1,295 421} +42) 42.7 1,325 1,287 1212 996] +33.0
Communications equipment | 13,638] 13,042] 12503] +46] +43 +3.5| 13,709] 12,888] 12,072 9,767] +404
Electronic components 12,865] 12,703] 12,493) +13] +17] 40.7] 12,775] 12,604] 12,283} 10,808} +18.2
‘Transportation equipment . . $8,220] 58,561 58,657 -0.6 0.2 0.3 58,648] 58,234] 57,197] 61,795 5d
Motor vehicles and parts 12,119 12,106 12,036 +0.1 +0.6 +1.0 12,346 12,270 11,974 11,883 43.9
Aircraft, missiles,
space vehicles, and parts. 41,508] 42,016] 42,248 +12 05 07] 41,520] 41,461] 40,913] 45,657 9.1
Shipbuilding and tanks . 1,563 1,532 1,519 42.0 +0.9 42.3 1,587 1,508 1,451 1,585 +0.1
Instruments and related products 21,908 21,811 21,907 +04 0.4 03 21,787 21,279 21,267 21,885 0.4
Search and navigation equipment 5,631 5,565 5,601 41.2 0.6 +10 5,609 5,333 5,434 5,723 -2.0
Measuring and controlling devices . 6,844 6,769 6,704 +11 +1.0 40.5 6,844 6,695 6,560 6,446 46.2
Medical instruments and supplies 6,050 6,107 6,193 09 -14 0.2 5,983 5,986 6,058 6,095 18
Photographic goods 2,518 2,497 2,503]  +0.8 0.2 -5.6 2,483 2,401 2,321 2812-117
All other durable goods 24,586 24,475 24,459 +0.5 +0.1 +0.6 24,921 24,621 24,040 23,807 44.7
Nondurable goods industries 147,357] 145,853] 144,166 +10 412 +04] 147,998] 145,878] 142,274] 141,733 +44
With unfilled orders : 34,926] 34,518] 33,975 +12 +16 +04] 34,992] 34,125] 32,866] 33,194 +54
Food and kindred Products ny 31,244] 31,167] 30,860 +0.2 +10 -0.2} 31,279] 31,688] 34,171 30,112 43.9
Meat products : 3473 3,456 34ii] +05] 413] +12 3,301 3,384 3,202 3321] +54
Dairy products 2,807 2,788 2,784] +07] 40.1] 40.7 2,709 2,709 2,613 2,606] +40
Beverages 5,297 5,260 3138} +0.7[ +24 22 5,308 5.270 5,134 5,353 -0.8
All other foods, except fats and oils 18,019 18,037 17,894 0.1 40.8 0.1 18,037 18,584 18,517 17,021 +6.0
Tobacco products ..........+ 5,747 5,692 5,780 +10 “15 +0.7 6,057 6,013 5,966 6,249 3.1
Textile mill products .. . 9,876 9,844 9.817 +03 +03 +0.1 10,044 9811 93 9,781 42.7
Broadwoven fabrics and
other textiles 5,511 5,492 5,482 +03 +02 +0.4 5,627 5,526 5,265 5,513 +21
Paper and allied products . . 14,083 13,872 13,612 +15 +19 40.7 14,292 13,916 13,432 13,626 44.9
Pulp, paper, and
paperboard mill products . 5,485 5,445 5,352 +0.7 +17 -13 5,477 5,290 5,877 53
Paperboard containers and boxes . 3,776 3,634 3510] 439] 435] +19 3,677 3,525 3.201] 421.0
Miscellaneous converted
Paper products . 4,822 4,793 4,750) +0.6] +09] 42.2 4,851 4,762 4,617 4548] +67
Chemicals and allied ‘products 34,656 34,400 34,295 +0.7 +0.3 +09 35,165 34,523 34,162 34,701 +13
Industrial chemicals ,05 16,883 16,617 +10 +16 +18 17,349 17,154 16,753 16,570 +4.7
Drugs, soaps, and toiletries 3 12,979 13,202 +0.7 +17 0.3 12,905 12,601 12,838 13,383 36
Petroleum and coal products 11,025 10,907 10,530 +11 43.6 +0.8 10,678 10,517 10,058 9,858 +83
Rubber and plastics products 13,726 13,324 13,043 43.0 42.2 +17 14,030 13,492 13,051 12,599] +114
All other nondurable goods 27,000 26,647 26,229 +13 +1.6 -0.5 26,453 25,918 25,089 24,807 46.6

” 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 ----------- cr rrr rr rrr rrr rd Shipments |-1 320
300 300
280 280
260 260
240 1 L 1 1 L i L 1 it il 1 1 i 240
Feb Apr Jun Aug Oct Dec Feb Apr Jun Aug Oct Dec Feb
Feb. 1993- Feb. 1995
Total Manufacturing
Ratio of Unfilled Orders and
Inventories to Shipments

V/S Ratios UO/S Ratios
2.5 4.1
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 2.8

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

Feb. Jan Dec. | Jan | Dec. | Nov. Feb. Jan Dec. Feb. Feb.

1995" 195° 1994 | Feb. Jan Dee 1995" 1995" 1994 1994 | 95/94

UNFILLED ORDERS
All manufacturing industries... 462,673 | 460,772 | 456,838 +04 40.9 +0.8 | 465,138 | 461,083 | 451,768 | 448,764 43.6
Market categories

Automotive equipment 2,141 2,168 2,164 12] +02] +420 2,192 2,205 2,146 1,994 +9.9
Home goods and apparel nee 10,073 | 10,131 9,882 06] +25 29 9,910 9,691 8,328 | 10,109 -2.0
Consumer staples ....... nee 1,639 1,617 1578 | +14] 425 “19 1,626 1,634 1,632 1395 | +166
Machinery and equipment 183,922 | 183,055 | 181,538 | +05 | +08 -0.6 | 184,675 | 183,382 | 180,833 } 183,226 +08

Business supplies
Construction materials

6,072 6,049 5,903 +04 +2.5 +0.6 6,048 5,955 5,810 5,420 +116

and supplies. : vss] 16317 16.268 | 15,884 | +403} +24] 413 | 16.242 | 15,970 | 15.440 | t42t4 | 4143
Defense products .... . 105,609 | 105,933 | 106,404 03 04 42.8 | 106,556 } 106,976 | 107,239 | 111,294 43
Other materials, supplies and

and intermediate products : 136,900 | 135,551 | 133,485 +10 +15 +14 | 137,889 | 135,270 | 130,340 } 121,112 +13.9

Durable goods industries :
Nondefense capital goods * ...... | 203,084 | 202,179 | 200,256 40.4 +10 -0.6 | 204,050 | 202,851 | 199,916 | 200,972 +15

Excluding aircraft and parts . 94,793 | 93,863 | 91.347 +10 +28 +0.5 | 95,759 | 94,535 | 91,007 78,583 421.9
Defense capital goods * .. . . + | 111,605 | 111,881 | 112,479 02 -0.5 +2.6 | 112,478 | 112,800 | 113,105 | 117,089 39
Durables excluding capital goods . | 121,748 | 120,673 | 118570 +09 +18 +1.2 | 123,007 | 120,278 | 114,427 | 108,689 | +13.2

Miscellaneous series
Producers’ durable equipment .... | 219,030 | 217,532 | 213,516 40.7 +0.9 -0.2 | 219,890 | 217,985 } 213,714 | 211,014 +42
Household durable goods... . 5,867 5,966 | 6,133 AT] -27 0.9 3,773 3,856 5,197 3,619 42.7
Information technology industries 38,896 38,296 37,321 +16 42.6 42.0 38,599 37,755 36,929 32,250 $19.7

Health care equipment
and products veers 6,389 | 6349 | 6323 | +06] +04] 29] 6388 | 6347 | 6323 | 7476 | -146

TOTAL INVENTORIES

All manufacturing industries 399,223 | 396,104 | 391,810 +0.8 +11 +0.5 | 401,440 | 394,792 | 384,058 | 381,699 45.2
Market categories :
Automotive equipment . . : 6,431 6,383 6,318 +08 +10 +12 6,702 6,504 6,255 6,314 +6.1
Home goods and apparel ....... | 32932 | 321574 | 32.151 +11 +13 -03 | 32,774 | 32,163 30,790 | 30,604 471
Consumer staples ....... sess] $8,879 | 58,512 | 58.249 +0.6 40.5 +0.2 | 58,750 | 58,567 | $7,919 | 57,362 42.4
Machinery and equipment 97,591 | 96,478 | 9511S | +12] +14] +404] 98241 | 95.651 | 92:345 | 897778 +94
Business supplies . . . vee {22,319 | 22,123 | 21,737 | +09] 418] +409 | 22352 | 21,813 | 21046 | 21,064 +61
Construction materials
and supplies : : 25,361 | 25,348 | 25,403 +0.1 0.2 +13 | 25,731 | 25,333 | 24,839 | 24,764 43.9
Defense products ....... te 21,517 | 21,879 | 22,024 7 | 07 0.7 | 21,387 | 21,394] 21,164 | 24,951 +143
Other materials, supplies and
and intermediate products . . 134,193 | 132,807 | 130,813 | +10] +15] +08 | 135,503 | 133,367 | 129,700 | 126,862 +68
Durable goods industries :
Nondefense capital goods * 92,425 | 91,295 | 89,621 +12] +19 | +04 | 92,722 | 90,350 | 86,812 | 84,092 | +103
Excluding aircraft and parts. . . 66,544 | 65,380 | 63.586 +18 428 +0.7 | 66,641 | 64,582 | 61,295 | 57,876 | +15.
Defense capital goods * 22,243 | 22,610 | 22,745 -16 | -06 -0.9 | 22,084 | 22,037 ] 21,751 | 26177 | -15.6
Durables excluding capital goods . | 137,198 | 136,346 | 135.278 +0.6 +0.8 +0.8 | 138,636 | 136,527 | 133,221 | 129,697 +69
Miscellaneous series :
Producers’ durable equipment .... | 156,712 | 155,248 | 153,269 40.9 +13 +0.6 | 157,663 | 154,324 | 149,283 | 144,945 48.8
Household durable goods 14,619 | 14,454 | 14,297 +11 +11 +0.7 | 14,686 | 14,346 | 13,687 | 13,708 47.1
Information technology industries . 35,345 | 34,701 | 33,384 +19 43.9 0.0 | 35,216 | 34,110 | 32,052 | 31,183 +12.9
Health care equipment
and products vee ee 13,174 | 13,175 | 13,377 00} -15 03 | 13,018 | 12,854 | 13,047 | 13,365 2.6

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
Feb. Jan.| Dec. | Jan} Dec-] Nov-| Feb.] Jan] Dec. | Feb. | Feb.
1995"] 1995"} 1994] Feb.} Jan.} Dec.| 1995"] 1995'} 1994] 1994] 95/04] 1995" } 1994
SHIPMENTS
All manufacturing industries... . . | 299,326] 297,790] 296,053} +0.5| +0.6 +17} 295,896] 268,357] 290,089] 268,436] +10.2] 564,253] 509,614
Market categories :
Automotive equipment ....... 14,833] 14,787] 14,957] +03] -1.1) +17] 15,849] 13,494] 13,082) 14,795] +7.1] 29,343] 27,320
Home goods and apparel. 19,622} 19,776] 19,726] -0.8}  +0.3]  +3.1) 19,548] 17,139] 17,0521 18,254] +7.1] 36,687] 33,835,
Consumer staples ........... 60,823] 60,466] 61,000] +0.6] -0.9]  +1.7] 58,425] 55,369] 61,515] 56,036] +4.3) 113,794] 108,866
Machinery and equipment - «| $3,832} $2,590] 52,007] 42.4) +1.) +0.8) 53,031] 44,799] 56,859] 47,085] +12.6] 97,830] 87,085
Business supplies . . 22,122{ 22,187] 22,065} -0.31 +0.6  +1.6] 21,664] 20,397] 21,333] 19,779] +9.5] 42,061] 37,925
Construction materials
and supplies . . : 19,297] 19,108} 18.847} +1.0] +14) +05} 18,304] 16,619} 17,103] 16,584) +10.4] 34,923] 31,547
Defense products . . 7,205] 7,325] 6,802} -1.6) +7.7} 6.9} 6,975] 6,133] 7,896} 7,032) -0.8} 13,108] 13,252
Other materials, supplies and
and intermediate products 101,592] 101,551} 100,649 0.0] +0.9}  +2.7] 102,100] 94,407] 95,249] 88,871] +14.9] 196,507] 169,784
Durable goods industries :
Nondefense capital goods * ......] 41,003] 39,862] 39,020] +2.9) +22) +0.2) 39,422] 33,016 45,834] 34,243] 415.1] 72,438] 63,132
Excluding aircraft and parts. . 35,813] 34,885] 34,367] +2.7| +1.5] +08] 34,414] 29,134] 39,960] 29,775] +15.6] 63,548] 54,712
Defense capital goods * ...... 6,666} 6,772| 6,333] -1.6] +69] 6.9] 6,399] 5,542) 7,669] 6.584] -2.8] 11,941] 12,393
Durables excluding capital goods | 113,838] 114,445] 113,946] -0.5] +0.4]_ +2.1] 115,364] 104,129] 105,270] 104.852] +10.0] 219,493] 197,816
Miscellaneous series
Producers’ durable equipment . . . . | 103,474} 102,534} 101,598] +09] +0.9} +0.9] 103,975] 90,229] 103,028] 95,049} +9.4] 194,204] 177,075
Household durable goods .......] 8,298] 8,492] 8,435] -2.3] +0.) +25] 8,089] 7,328] 7,826] 7,580] -+6.7)-«*15,417] 14.141
Information technology industries 19,358] 18,937] 19,130] +2.2] — -1.0) 0.0] 17,831] 15,347] 24,034] 15,506] +15.0] 33,178] 29,026
Health care equipment
and products 8,763] 8,665] 8,704] +1.1] -04) -0.4) 8,504} 8,265] 9,056] 8,041] +5.8] 16,769] 15,982
NEW ORDERS
All manufacturing industries... 301,227) 301,724] 299,514] -0.2]  +0.7}  +2.0] 299,951] 277,672] 294,165] 270,065] +11.1] 577,623] 520,020

Market categories :
‘Automotive equipment .
Home goods and apparel

14,806] 14,791] 15,000} +0.1 -14) +19] 15,836] 13,553] 13,129) 14,821 +68 29,389| 27,412
19,565] 20,025} 19,436] -2.3) +3.0)  +2.1] 19,767] 18,502] 16,332] 18,662 45.9 38,269] 35,282

Consumer staples ..... . ++ -{ 60,845] 60,505] 60,970] +06] -0.8) +1.6| 58,417] 55,372] 61,541] 56,004] +4.3] 113,789] 108,785
Machinery and equipment . 54,699] 54,107] 50,833) +1.1) 46.4)  -4.5) 54,324) 47,348] 55,064) 47,586} +14.2} 101,672] 90,088
Business supplies ........ ++ | 22,145) 22,332] 22,101) -0.8] +1.0) +14) 21,757] 20,543] 21,431] 19,885] +9.4] 42,300] 37,977
Construction materials

and supplies ...... +++} 19,346] 19,492] 19,057) -0.7]  +2.3] +0.8) 18,576] 17,148] 17,288) 16,842) +10.3 35,724] 31,886

Defense products bose
Other materials, supplies and
and intermediate products ... .. . | 102,940} 103,619] 102,454] -0.7] +1.1] +2.6] 104,719] 99,335] 96,667] 90,336] | +15.9] 204,054] 174,953

6,881 6,853} 9,663} +0.4) -29.1] +58.6) 6,555 5,871] 12,713) 5,929] +10.6 12,426] 13,637

Durable goods industries
Nondefense capital goods * . . . 41,908] 41,785] 37,759 +03] +107] -7.4
Excluding aircraft and parts 36,743] 37,401] 34,789] 1.8] +73) -15 32,662] 39,673] 30,999] +15.0] 68,300] 57,637
Defense capital goods * = 6,390] 6,174] 9.221] 43.5] -33.0) +65.6) 5,237, 12,342] 5,351] +13.6] 11,314) 12,344
Durables excluding capital goods . | 114,913] 116,548] 115,330] -1.4] +11] +2.1] 118,093] 109,980] 106,320] 106,220] +11.2] 228,073} 203,353,

35,951] 43,864] 35,117) +15.7] 76,572] 66,767

Miscellaneous series

Producers’ durable equipment .. . . | 104,972] 104,550] 101,096] +04] +3.4) —-1.6] 105,880] 94,500] 101,492] 95,664] +10.7] 200,380] 181,946
Household durable goods 8,199] 8,325] 8,380] -1.5] 0.7] +1.6f 8,006] 7,987] 7,461] 7,698] +4.0] 15,993} 14.925
Information technology industries 19,958] 19.912} 19,872] +0.2] +02] +3.0] 18,675] 16,173] 23,910] 15,652] +19.3] 34,848} 29,190
Health care equipment

and products ....... _ 8,803] 8,690] 8,513] +13] +21) -1.8) 8,544] 8,290] 8,863] 7,863] +8.7] 16,834] 15,971

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

* Defense capital goods industries include ; ordnance and accessories; communications equipment; aircraft, missiles, space vehicles, and engines and parts; ships, tanks
and tank components; and search and navigation equipment.

Sce note at end of table 2 relating to survey variability


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 Feb. Jan. Dec. Nov, Feb. Jan Dec. Nov.
logsr 195° 1994 1994 199s? 1995" 1994 194
All manufacturing industries 1,33 1.33 132 134 2.85 2.85 2.87 2.88
Durable goods industries . . _ 156 1.35 155 341 341 3.43 3.45,
Stone, clay, and glass products 1.07 1.07 1.06 1.20 123 1.18 119
Primary metals fees 141 138 137 1.96 1.93 1.93 2.01
Fabricated metal products... . 1.53 150 159 144 1.40 1.48 1.43
Industrial machinery and equipment . 1.70 1.74 172 248 233 2.49 2.55
Electronic and other
electrical equipment beceeee 173 1.68 1.64 1.62 2.00 198 1.92 1.89
Transportation equipment 1.45 1.46 147 1.48 10.79 10.75 11.02 10.72
Instruments and related products 1.88 1.90 1.92 1.97 4.10 4.16 417 29
Nondurable goods industries . 1.07 1.07 1.05 1.07 0.77 0.76 0.76 0.76
Food and kindred products _ 0.86 0.85 0.82 0.85 (X) (x) (X) (X)
Tobacco products . 1.83 1.87 218 217 (x) (X) (X) (X)
Textile mill products .. . . ee 1.55 1.54 1.52 1.57 (NA) (NA) (NA) (NA)
Paper and allied products : 1.05 1.06 1.09 110 (NA) (NA) (NA) (NA)
Chemicals and allied products... . 113 113 112 114 (X) (X) (X) (X)
Petroleum and coal products 0.82 0.86 0.84 0.85 (X) (X) (X) (X)
Rubber and plastics products. . 1:35 132 1.29 1.29 (X) (X) (X) (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
Feb. Feb. Feb. Feb.
Feb? | 1994- Feb? | 1994- Feb? | 1994- Feb? | 1994-
Feb.| | 1990- Jan. Feb.' | 1990- Jan, Feb.! | 1990- Jan. Feb! | 1990- Jan.
1995 | 1994 | 1995 | 1995} 1994] 1995] 1995} 1994] 1995] 1995] 1994] 1995,
All manufacturing industries . . & 01 O41 (X) 02 02 () 0.1 O1 (9) 0.0 0.0
Durable goods industries . 0.0 0.1 0.2 0.0 03 0.2 0.0 0.1 0.1 (X) 0.1 0.0
Stone, clay, and glass products . (X) 0.2 0.6 (X) 08 10 (X) 07 0.5 (X) 0.2 0.1
Primary metals... . . : 0.1 03 04 0.2 08 1.0 0.0 04 04 (X) 0.0 0.2
Fabricated metal products. . : (xX) 0.4 0.5 (X) 08 0.6 (X) 04 03 (X) 0.2 0.2
Industrial machinery and equipment 0.1 0.1 0.5 02 03 0.8 0.0 0.1 02 (xX) 0.0 0.1
Electronic and other
electrical equipment ........ -0.2 0.1 03 02 04 0.6 0.2 0.2 03 (X) 0.1 ol
Transportation equipment of 00 02 06 0.0 04 08 0.0 0.0 01 (X) 0.0 02
Instruments and related products (%) 01 05 (x) 18 14 es) 04 03 (xX) 03 02
Nondurable goods industries . . (X) 02 0.1 (Xx) Ol 0.2 (Xx) 02 02 (x) 0.0 04
Food and kindred products . . . . - (X) 01 01 (xX) (x) o3) &) eG 03) (x) 01 Ol
Tobacco products .. . (Xx) 01 0.2 (X) (Xx) (X) (X) (X) (X) (Xx) 0.0 0.1
Textile mill products... |. . a (x) 03 03 (x) } vay | Na) (x) | NA) | NA) (x) ol 02
Paper and allied products ...... (X) 03 0.2 (X) ] (NA) (NA) (X) } (NA) | (NA) (X) Ol 0.1
Chemicals and allied products... |; &) 02 02 (X) x (xX) () (x) (X) (x) Ol 01
Petroleum and coal products. . - &) 06 03 &) (X) (x (X) &) ) (x) 02 02
Rubber and plastics products (%) Ol 02 (X) (xX) (X) (x) (X) (%) (x) 01 02
Capital goods industries :
Nondefense nee -0.1 Ol 04 02 03 07 0.0 0.1 0. (X) 0.0
Defense ...... 03 05 0. 22 29 0.0 Oo O1 (X) 02 04

(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

ow

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

Manufacturers’ Shipments,
Inventories, and Orders

February 1995
3-1-(95)-2
For Wire Transmissions 10:00 a.m. E.S.T. March 31, 1995

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

Summary

New orders for manufactured goods in February decreased $0.5
billion or 0.2 percent to $301.2 billion, the Department of Commerce,
Bureau of the Census reported today. This follows a 0.7 percent January
increase, is the first decline since last October and the fourth in the last
nineteen months.

Shipments increased $1.5 billion or 0.5 percent to $299.3 billion,
following a 0.6 percent January increase. This is the fourth consecutive
monthly increase and the fourteenth in the last nineteen months.

Unfilled orders, up for the sixth consecutive month, increased $1.9
billion or 0.4 percent to $462.7 billion. This follows a 0.9 percent
January increase. The unfilled orders-to-shipments ratio was 2.85,
unchanged from January.

Inventories increased $3.1 billion or 0.8 percent to $399.2 billion,
following a 1.1 percent January increase. This is the fifth consecutive
monthly increase and the twelfth in the past fourteen months. The
inventories-to-shipments ratio was 1.33, unchanged from January.

New Orders

New orders for manufactured durable goods in February decreased
$1.3 billion or 0.8 percent to $163.2 billion, unrevised from the
previously published 0.8 percent decrease. This follows a 1.4 percent
January increase and is the first decrease since last October.

Electronic and other electrical equipment had the largest decline,
$1.2 billion or 4.8 percent to $24.7 billion, following a 0.7 percent
January increase. The February decline, largely due to communication
equipment, was the first since last July. Primary metals decreased $0.3
billion or 2.1 percent to $15.2 billion. This follows a 1.5 percent
January decline, which was the first since last July. Fabricated metal
products declined $0.2 billion or 1.5 percent to $16.2 billion, following
a 7.8 percent January increase. Industrial machinery and equipment
increased $0.5 billion or 1.7 percent to $31.3 billion; the largest increase
was for computer and office equipment. This follows a 9.1 percent
January increase. Transportation equipment increased $0.4 billion or 1.1
percent to $40.1 billion; a large increase in aircraft and aircraft parts
more than offset a decline in shipbuilding and tanks. The transportation
equipment increase follows a 5.0 percent January decrease and two
consecutive monthly increases.

New orders for nondurable goods were $138.0 billion, up $0.8
billion or 0.6 percent from January. Increases in petroleum and coal
products and paper and allied products more than offset declines in
leather and leather products and food and kindred products.

Shipments

Shipments of durable goods in February increased $0.4 billion or
0.3 percent to $161.5 billion, unrevised from the previously published 0.3
percent increase. This follows a 1.1 percent January increase, is the
fourth consecutive monthly increase and the fourteenth in the last nineteen
months. Industrial machinery and equipment had the largest increase,
$1.1 billion or 3.6 percent to $30.2 billion; increases were widespread.
This is the third consecutive increase and the ninth in the last ten months.
Instruments and related products, up for the fourth consecutive month,
increased $0.2 billion or 1.5 percent to $11.6 billion. Transportation

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

equipment increased 0.1 percent to $40.3 billion. Fabricated metal
products declined $0.2 billion or 1.5 percent to $16.0 billion, following
a 6.7 percent January increase. Primary metals decreased $0.2 billion or
1.1 percent to $15.1 billion, the first decline since January 1994

Electronic and other electrical equipment decreased $0.1 billion or 0.6
percent to $24.5 billion. This is the second consecutive monthly decline
following fourteen consecutive increases.

Shipments of nondurable goods increased $1.1 billion or 0.8
percent to $137.8 billion, the third increase in the last four months.
Petroleum and coal products, up for the fourth consecutive month,
increased $0.8 billion or 6.1 percent to $13.5 billion. Paper and allied
products increased $0.4 billion or 2.8 percent to $13.4 billion, the
eleventh consecutive increase. Food and kindred products, down for the
second consecutive month, declined $0.2 billion or 0.5 percent to $36.3

illion.

Unfilled Orders

Unfilled orders for durable goods in February increased $1.7
billion or 0.4 percent to $436.4 billion, unrevised from the previously
published 0.4 percent increase. This is the sixth consecutive monthly
increase. Industrial machinery and equipment had the largest increase,
$1.1 billion or 1.7 percent to $70.2 billion. This follows a 2.5 percent
January increase and is the nineteenth in the last twenty months.
Electronic and other electrical equipment, up for the sixth consecutive
month, increased $0.3 billion or 0.5 percent to $48.9 billion, due to
electronic components. Fabricated metal products increased $0.2 billion
or 1.2 percent to $21.2 billion, the fourth consecutive monthly increase.
Primary metals was up $0.1 billion or 0.5 percent to $29.6 billion, the
fifteenth consecutive monthly increase. Transportation equipment, down
nearly every month since August 1991, decreased $0.1 billion or 0.1
percent to $202.4 billion.

Inventories

Inventories for durable goods in February increased $1.6 billion or
0.6 percent to $251.9 billion. Except for the 0.1 percent decrease last
September, inventories have increased every month since March 1994.
Electronic and other electrical equipment, up for the fourteenth
consecutive month, increased $0.8 billion or 2.0 percent to $42.2 billion.
Industrial machinery and equipment increased $0.5 billion or 1.0 percent
to $51.4 billion. This follows a 2.4 percent January increase and is the
twenty-first increase in the last twenty-three months. Primary metals
increased $0.2 billion or 0.9 percent to $21.3 billion, the sixth
consecutive monthly increase. Fabricated metal products increased $0.2
billion or 0.6 percent to $24.5 billion, the fifth consecutive monthly
increase. Transportation equipment, down for the seventh consecutive
month, decreased $0.3 billion or 0.6 percent to $58.2 billion.

Inventories for nondurable goods increased $1.5 billion or 1.0
percent to $147.4 billion, the fifth consecutive monthly increase. All
major industry groups increased. Rubber and plastic products, up for the
fifth consecutive month, increased $0.4 billion or 3.0 percent to $13.7
billion. Chemicals and allied products, up for the fourth consecutive
month, increased $0.3 billion or 0.7 percent to $34.7 billion.

By stage of fabrication, finished goods increased 0.6 percent in
durables and 1.0 percent in nondurables. Work in process increased 0.4
percent in durables and 0.7 percent in nondurables. Materials and
supplies increased 1.1 percent in durables and 1.2 percent in nondurables.

‘The advance report on durable goods for March is scheduled for April 26, 1995 at 8:30 a.m. and the full report on May 3, 1995 at 10:00a.m. For sale by the Superintendentof 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 informationservice--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

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

Defense Capital Goods
New Orders and Shipments

Three Month Moving Averages

Billions of Dollars
11 11

New Orders.
10P------------------------------------- ———" |4 10

Shipments

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

Note: All Charts based on seasonally
adjusted current dollars.


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

(Millions of dollars)

Seasonally adjusted

Not seasonally adjusted

Industry Monthly Percent Change Monthly Percent
change
Feb. Jan. Dec. Jan.- Dec.- Nov.- Feb. Jan. Dec. Feb. Feb.
1995" 1995" 1994 Feb. Jan. Dec. 1995" 1995" 1994 1994 95/94
MATERIALS AND SUPPLIES
All manufacturing industries 130,559 129,078 127,952 +11 +0.9 +0.7 130,925 130,218 128,662 120,655 +85
Durable goods industries 76355 | 75,524 | 74965 | +11} +07 | +08 | 76492 | 76,175 | 75,113 ] 68,925 | +110
Stone, clay, and glass products 2660 | eas | 2615] +08] +09 | +01 | 2679 | 2671 | 2643 | 2551 +5.0
Primary metals... 6839 | Gedo | Gaga | 429) 43.2) +18 | 6727 | 6732 | 6,707 | S43 | HIT
Fabricated metal products 8.452 | 8,516 | 8,442 08} +09] +12 | 8468 | 8656 | 8682 | 7,857 +78
Tndustial machinery and equipment | 17300 | 16766 | 16785] 432] 01 | 04 | 17471 } 16.925 | 16,573 | 14,682 | +190
Electronic and other
electrical equipment . 14,032 | 13,773 | 13263 | +19] +38] +29] 14,029 | 13,779 | 13,106 | 11,040} 427.1
Transportation equipment 10.479 | 101602 | 10842 | -20] -14] -09 | 10,471 | 10,667 | 10,749 | 11,026 “5.0
Instruments and related products 6,771 6,727 6,885 +0.7 23 +13 6,748 6,738 6,792 6,657 +14
Lumber, furniture and
miscellaneous durable goods 9822 | 9,763 | 9,689] +06] +08 | +05 | 9,899 | 10,007 | 9861 | 9369} +57
Nondurable goods industries . . . $4,204 53,554 52,987 +12 +11 +0.7 54,433 iO 33 51,730 $5.2
Food and kindred products 10,176 10,073 9,990 +10 +0.8 “19 10,268 10,240 9,994 42.7
Tobacco products. . 4.734 "692 | 4701 | +09] -02 | -04] 4,990 sy 033 5,007 | 5,368 -7.0
Textile mill products 2879 | 2899 | 2/900 | -0.7 oo | 04] 2,902 2844 | 2:709 | 47.1
Paper and allied products 7,282 7,091 6,939 42.7 42.2 +12 7,345 A 6,988 6,623 +109
Chemicals and allied products 11,424 11,395 11,473 +03 0.7 +13 11,429 11,402 11,512 11,271 +14
Petroleum and coal products 2973 | 3000 | 27939} = -09| 421 | 417] 2,869 "383 | 2892 | 2:869 0.0
Rubber and plastics products 5279 | Sooo} aois | +37] +36] +28] 5287 | S24} 5025 | 4,518 | +170
Apparel printing, and publishing
and leather goods . 9,457 9,314 9,130 +15 42.0 +23 9,343, 9,213 9,041 8,378 +1S
WORK IN PROCESS
All manufacturing industries 131,330 | 130,779 | 129008 | +04] +14] -0.1 | 131,332 | 129,318 } 124,975 | 128564] +22
Durable goods industries . tor4o | 106,765 | 105.136 | 404 | #15 +0.2 | 107,260 | 105.384 } 101,705 | 105,359 +18
Stone, clay, and glass products . 1,210 1,134 43.0 +3.6 +64 1,261 1,158 4,078 1,093 +154
Primary metals . 7,726 r 130 7,736 0.1 0.1 +29 7,792 7,679 7,603 7,348 +6.0
Fabricated metal products 1754 771 | +05] 10 | 423 | 7gas | 7.749) 7567 | 7.578 43.5
Industrial machinery and equipment | 19,406 13e26 | 18335 06 | +65 | -13 ] 181997 | 19,008 | 17/462 | 18,184 +45
Electronic and other
electrical equipment ...... 16,847 16,417 16,250 +2.6 +10 +13 16,895 16,194 15,619 14,343, +178
Transportation equipment . co 5 | 30%e41 | 39'730 | 30582 | -02 | +04 | -0'5 | 39,889 | 39.479 | 38,566 | 42,530 62
Instruments and related products 9,447 9,335 9,146 +12 +21 -0.5 9,442 8,995 8,784 9,329 +12
Lumber, furniture and
miscellaneous durable goods 5,109 | 5,137 | 5,162 os} os] +04} 5,139] 5,092 | 5,026 | 4,954 437
Nondurable goods industries 24,190 | 24,014 | 23,869} +07] +06] -14 | 24,072 | 23,964 | 23,270 | 23,205 43.7
Food and kindred products . 3.963, rors | “aosa | -15 | -16 | -04 | 3939 | 4239 | 4351 | 3,989 “13
Tobacco products 184 177 168 +4.0 +54 -19.6 191 192 162 173 +104
Fextle mill products, 2,509 | 2,587 | 2516] +05) +28] -14 | 2630] 2592 | 2,405 | 2,632 -0.1
Paper and allied products 1284 | 1275 | 1224] +07) +42] +05 | 1,283 1281 1207 | 1,160 } +106
Chemicals and allied products 5333 | 5365 | sai | -06] -10 | -04 | 53346) 5347] 5.275 | 5,649 “5.4
Petroleum and coal products 351s | yas | 2377 | +30] 427{ +10] 2439] 2314 | 2202 | 2,186) +116
Rubber and plastics products yos | 954} 17022 | 431] +17 | +to0 | 2055 | 2002 ) 1,923 1800 | +142
Apparel, printing and publishing
and leather goods . .. . 6298 | 6190} 6154] +17] +06} -41 | 6189 | 5,997] 5,745 | 5,616 | +102
FINISHED GOODS
All manufacturing industries 137,334 136,247 134,853 +0.8 +1.0 +08 139,183 135,256 130,421 132,480 +51
Durable goods industries 68371 | 67,962 | 67,543 | +06] +06 | +08 67,385 | 64,966 ] 65,682 +61
Stone, clay, and glass products 3,913 3,907 3,904 +0.2 +0.1 +04 3,936 3,820 4,062 +04
Primary metals 2... 2... 6729 | 6716} 6592} +02] +19] 03 6726 | 6439 | 6,447 +69
Fabricated metal products \< -. . 3275 | 8098 | 7916] +422| +23] +03 7948 | 7,465 | 7,869 +6.7
Industrial machinery and equipment 14,654 14,547 14,534 +0.7 +0.1 +19 14,743 14,234 14,437 +57
Electronic and other
electrical equipment... . . 135s | 11,231 | 10880 | +11] 432] +t 10,876 | 10,282 | 9,245 | 422.1
Transportation equipment . si00 | 8139 | 8.233 05} ll} +18 goss | 7,882 | 8.239 +06
Instruments and related products - 5690 | 5,749 | 5.876 | -10 | 22] -16 5,546 | 5,691 5,899 “5.
Lumber, furniture and
miscellaneous durable goods . 9655 | 9575 | 9,608 | +08} -03 | +07 9522 | 9,153 | 9,484 | +42
Nondurable goods industries 68,963 68,285 67,310 +1.0 +14 +0.7 67,871 65,455 66,798 +4.0
Food and kindred products . 17,105 17,069 16,781 +02 +17 +09 17,072 16,580 16,129 +58
Tobacco products. . 829 823 ou | +07 | 97 | +125 798 797 708 | +237
Textile mill products 4398 4358 4401 +09 -1.0 +14 4,323 4,096 4,440 +16
Paper and allied products... . . 53317 | 5506} 5449] +02} +10} +02 sis10 | 5,237 | 5.843 3.1
Chemicals and allied products 17,899 17,640 17,403 +15 +14 +10 17,774 17,375 17,781 +34
Petroleum and coal products 51937 | S46 S214] 413 | +48 | +02 53320 | 41964 | 4/803 | +118
Rubber and plastics products 6433 | 6280 | 6206 | +24] +12 | +10 6366 | 6.103 | 6.281 +6.5
Apparel, printing and publishing
and leather goods . 11,245 11,143 10,945 +09 +18 0.6 10,708 10,303 10,813 +10

? 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
Feb. Jan. Dec.] Jan-| Dec] Nov.- Feb. Jan. Dec. Feb. Feb.
1995" 195° 1994] Feb. Jan. Dec. 1995 195° 1994 1994] 95/04
All manufacturing industries 462,673 | 460,772] 456,838{ +04| +09] +08] 465,138] 461,083] 451,768] 448,764] 43.6
Manufacturing industries
without defense capital goods 351,068} 348,891] 344,359] +06] +13] 40.2] 352,660] 348,283] 338,663] 331,675 +63
Durable goods industries 436,437] 434,733] 431,305] +0.4 40.8]  +0.7| 439,535] 435,929] 427,448] 426,750 +3.0
Stone, clay, and glass products 8,223 8,331 8,027 13 438 43.7 8,152 7914 7,514 7,281]  +12.0
Primary metals 29.644] 29,495} 29.181] +05 +11] +25] 30,295} 29,552] 27,859] 23,566] +28.6
Blast furnaces, steel mil 11,520 11,604 11,427 -0.7 +15 +0.1 12,108 11,634 10,651 10,849} +116
Iron and steel foundries : 3,948 3,748 3,756 45.3 02 +6.6 3,968 3,813 3,687 3,220] +23.2
Nonferrous and other primary
metals : 14,176] 14,143] 13,998] 40.2] +1.0] 43.4] 14219] 14,t0s] 13,521 9,497] +49.7
Fabricated metal products - | 21,154] 20907] 20.663] +12) +12] +03] 21,169] 20.934] — 20,492 +59
Industrial machinery and equipment 70,224 69,082 67,413 +17 42.5 08 71,223 69,816 67,196 +279
Engines and turbines tee 10,086 10,243 10,220 “15 40.2 6.8 10,145 10,511 10,624 40.8
Construction, mining and
material handling equipment 7,494 7,430 7,092 +0.9 +48 0.4 7,681 7,587 6,999 6,167] +24.6
Metalworking machinery 10,203 9,996 9,577 42.1 44.4 -0.1 10,203 9,996 9,577 8,064] +26.5
Computer and office equipment 12,230] 11,816] 11,584] 43.5] +20 00] 11,936] 11,287] 11,200 7,268|  +64.2
Electronic and other
electrical equipment 48,892] 48,630 47,272] +05] +29] +425] 49,679] 48,915] 46,132] 46,944] 45.8,
Electrical transmission and
distribution equipment and
industrial apparatus 6,092 5,993 5,788 +17 43.5 -18 6,121 5,998 5,746 6,120 0.0
Electric lighting and
wiring equipment. ........... 3,846] 3,785 3,643] +16] 439] +06 3,846 3,785 3,643 3,295] +16.7
Communications equipment 15,261] 15,430] 14,998 -L1] #29] 45.5] 15,250] 15,431] 15,004] 15,119] +0.9
Electronic components 18,186] 17,621] 16,786] +3.2] = -+5.0} #13] 18,822] 17,736] 15,932] 16,633] 413.2
Transportation equipment 202,425} 202,565] 203,090 “0.1 03] +09] 203,022} 202,922] 203,174] 214,825 “5.5
Aircraft, missiles,
space vehicles, and parts. 169,875 | 169,489] 170,679} — +0.2 -0.7 -l.1] 170,254] 169,766] 170,892] 185,689 -8.3
Shipbuilding and tanks vee 19,346 19,708 19,011 -18 43.7] +19.0 19,331 19,649 18,939 18,581 +4.0
Instruments and related products 47,166] 47,639] 47,638] +03. 0.0 05] 48.270] 48,272] 48018] 51.224 5.8
Search and navigation equipment 30,645 | 30,899] 31,300 0.8 +13 0.4] 31,150] 31,540] 31,707] 33,981 83
Measuring and controlling devices 9,884 9,600 9,249 43.0 43.8 41d 9,884 9,600 9,249 8,986] +10.0
Medical instruments and supplies 6.357 6317 6292] +06] +04 2.9 6,357 6317 6,292 7,448]  -14.6
All other durable goods .......... 8,109 8,084 8,021 +03 +0.8 2.0 7,725 7,604 7,063 7,236 +68
Nondurable goods industries 26,236} 26,039] 25,533 +0.8 42.0 +18] 25,603] 25,154] 24,320] 22,014] +163

* Preliminary. * Revised.

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


<i

3
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
Feb.{ Jan.] Dec. | Jan} Dec] Nov-} Feb. Jan.| Dec.] Feb.| Feb.
1995] 1995") 1994] Feb.} Jan.| Dec.} 1995"] 1995") 1994] 1994] 9504] 1995" | 1994
All manufacturing industries 301,227] 301,724] 299,514] -0.2] +0.7]- +2.0] 299,951] 277,672} 294,165] 270,065] +11.1] 577,623] 520,020
Manufacturing industries
with unfilled orders 164,283] 165,615] 162,713] -0.8] +1.8]  +1.8] 163,904] 153,319] 166,001] 144,583} +13.4} 317,223] 280,712
without defense capital goods 294,837] 295,550] 290,293] -0.2] +1.8} +0.7| 293,874] 272,435] 281,823] 264,714] +11.0} 366,309] 507,676
Durable goods industries . . 163,211] 164,507] 162,310] -0.8]  +1.4] +1.9} 164,791] 151,168] 162,526] 146,688] +12.3] 315,959] 282,464
With unfilled orders ..........- 129,798] 131,064] 128,632] -1.0] +1.9]  +1.9} 129,516] 120,891] 132,938] 113,886] +13.7] 250,407} 221,801
Stone, clay, and glass products 7,193] 7,514] 7,493] -4.3] +03] +45] 6,936] 6,468] 6,280] 6,170} +12.4] 13,404] 11,527
Primary metals 15,243] 15,569] 15,813] -2.1]-1.5] +8.0) 16,155] 16,196] 15,213] 13,148] +229] 32,351] 25,584
Blast furnaces, steel mills ...... . 6,308) 6,496] 6,669] -2.9]  -2.6 +9.2] 6,994] 7,096] 6,152] 6,270] +11.5] 14,090] 12,054
Iron and steel foundries ..... 1,545] 1,366} 1,638} +13.1} -16.6] +24.2) 1,550) 1,414] 1,414) 1,178} 431.6 2,964 2,425
Nonferrous and other primary
metals .......... vee 7,390] 7,707) 7,506] -4.1] +2.7} +4.01 7,611] 7,686] 7,647] 5,700] +33.5] 15,297] 11,105
Fabricated metal products ........] 16,221] 16,465] 15,278] -1.5] +7.8)  -2.6] 16,168] 15,157] 14,628) 14,692] +10.0} 31,325} 28,171
Industrial machinery and equipment 31,344] 30,818] 28,242] +1.7] #9.1]  -6.0] 30,953] 27,248] 30,879] 26,603] +16.4] 58,201] 49,697
Engines and turbines 1,870] 1,987] 1,212) -5.9} 63.9 -42.1) 1,522] 1450] 2,114] 1,512} 40.7) 2,972] 2,830
Construction, mining and
material handling equipment . 3,234] 3,466] 3,065] -6.7] +131] -0.2] 3,442) 3,404] 2,886] 3,000 6,846] 5,462
Metalworking machinery 3,577] 3,717] 2,969} -3.8] +25.2] 9.7} 3,462] 3,155] 3,263] 2,802 6,617] 5,532
Computer and office equipment 8,376 7,824] 7,713] +7.1] +14) 29} 7,727] 5,781] 9,793] 6,159] 13,508} 11,484
Electronic and other
electrical equipment ...... 24,718} 25,960] 25,773) -4.8} +0.7} +4.0} 24,625) 24,387] 26,570] 21,507] 414.5) 49,012] 42,046
Electrical transmission and
distribution equipment and
industrial apparatus 2,902) 2,982] 2,571] -2.7] +16.0] +1.5] 3,044] 2,696] 2,482) 2,804 +8.6 5,740 5,242
Electric lighting and
wiring equipment ........ 2,011] 2,086} 1,909] 3.6 +9.3) 45.5] 2,077] 1,864] 1,977] 1,796} +15.6 3,941 3,368
Communications equipment 5,517| 6.217] 6512] 11.3] 4.5] +12.0] 5,069] 5,157] 8,184] 4,527] +12.0] 10,226] 7,981
Electronic components 9.439} 9,687] 9,180] -2.6] +5.5] 42.1] 9,978) 10,045] 8,765] 7,489) +33.2| 20,023] 15,874
Transportation equipment . . 40,117] 39,692] 41,774] +11] -5.0] +5.8] 42,290] 35,592] 41,368] 38,480] +9.9] 77,882] 75,905
Aircraft, missiles,
space vehicles, and parts. 9,084] 7,315] 6,251] +24.2] +17.0] -28.1] 8,852] 5,627] 9,478} 6,564) +34.9] 14,479] 16,873
Shipbuilding and tanks ....... 457] 1,650] 3,798) -72.3) -56.6] +769.1 486} 1,490] 3,880) 546] -11.0 1,976 1,054
Instruments and related products ....| 11,768] 11,466] 11,185] +26] +25] +4.21 11,232] 10,394] 12,676] 10,563] +63) 21,626] 19,769
Search and navigation equipment 2,382] 2,242] 2324] +6.2]  -3.5] +15.5] 2,179] 2,039} 3,336] 2,794) -22.0] 4,218] 4,240
Measuring and controlling devices 3,830| 3,778] 3,633] +14] +4.0) +5.5} 3,770] 3,518] 3,797] 3,047] +23.7 7,288 6,016
Medical instruments and supplies 3,162] 3,128} 2,912) +11] +74) -3.2] 3,093] 2,903} 3,107] 2,703] +14.4) 5,996] 5,560
All other durable goods 16,607] 17,023] 16.751) -2.4] +1.6] -0.1] 16,432] 15,726) 14,912] 15,525] +5.8] 32,158] 29,765
Nondurable goods industries 138,016] 137,217] 137,204] +0.6] 0.0] +2.1] 135,160] 126,504] 131,639} 123,377] $9.6] 261,664} 237,556
With unfilled orders ........... 34,485) 34,551] 34,081] -0.2| +14] +1.1] 34,388] 32,428} 33,063] 30,697] +12.0] 66,816] 58,911

” 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
Feb.| Jan} Dec. | Jan. | Dec} Nov.-| Feb Jan] Dec.| Feb. | Feb.
1995°| 1995} 1994] Feb.} Jan.} Dec.| 1995"] 1995'] 1994] 1994] 95/94 | 1995" | 1994
All manufacturing industries 299,326] 297,790] 296,053) +05] +0.6| —+1.7| 295,896] 268,357] 290,089] 268,436] +10.2] 564,253) 509,614
Manufacturing Industries
with unfilled orders ...| 162,382} 161,681] 159,252] 40.4) 41.5} +1.2] 159,849] 144,004] 161,925] 142,954) +11.8] 303,853] 270,306
without defense capital goods . . . | 292,660] 291,018] 289,720] +0.6]  +0.4]- +1.9) 289,497] 262,815] 282,420) 261,852) +106} 552,312] 497,221
Durable goods industries 161,507) 161,079) 159,299] +0.3} +11) +4.3} 161,185] 142,687] 158,773] 145,679] +10.6] 303,872) 273,341
With unfilled orders 128,094] 127,636] 125,621] +0.4] +1.6]  +1.2) 125,910] 112,410} 129,185] 112,877) +11.5] 238,320] 212,678
Stone, clay, and glass products 7301] 7,210] 7,208] +13) +0.1]  +4.2) 6,698] 6,068) 6,204) 5,789) +15.7) 12,766} 11,065
Primary metals ........... 15,094] 15.255 15.114] 11] 40.9) +6.8] 15,412] 14,503] 13,963] 12,367) +24.6] 29,915} 23,566
Blast furnaces, steel mills . 6392| 6319] 6662) +12} -5.1]  +8.6f 6,520] 6,113] 6,153} 5,737] +13.6) 12,633) 10,917
fron and steel! foundries 13451 1374 1,405] 2.1] -2.2] +8.6) 1,395] 1,288] 1,168] 1,192] +17.0) 2,683) 2,248
Nonferrous and other primary
metals... 2.0... e eee 7357) 7,562) 7,047) -2.7] +73) +481 7,497] 7,102) 6,642) 5,438) +37.9] 14,599) 10,401
Fabricated metal products 15.974] 16221| 15.208] -15| 46.7) -2.3] 15,933] 14,715] 14,293] 14,769) -+7.9) 30,648] 28,224
Industrial machinery and equipment 30,202} 29.149] 28,805] +3.6] +1.2| +1.6] 29,546] 24,628] 32,027] 25,601} +15.4) 54,174) 46,994
Engines and turbines : 2027} 1,964] 1.963) +32) 40.1) +19] 1,888] 1,563] 2,897) 1,579) +19.6] 3,451) 2,904
Farm and garden machinery 1394} 1,836 1,748] +3.2] +5.) +2.) 2,254) 1,656) 1,448) 1,971] +144) 3,910) 3,374
Construction, mining and
material handling equipment 3,170] 3,128) 3,090 +1.3] +12} +5.1] 3,348] 2,816] 2,938) 2,759] +213) 6,164) 5,086
Metalworking machinery 31370} 3.298 2.982) +22] +106] 4.1] 3,255] 2,736) 3,276) 2,597) +25.3) 5,991) 4,803
Computer and office equipment 71962] 7:592| 7.713] +49) -Lo] -1.5] 7,078] 5,694] 10,667) 6.2341 +135] 12,772] 11,467
Electronic and other
electrical equipment ........... 24,456] 24,602] 24,641) -0.6|  -0.2 +0.7| 23,861] 21,604] 26,141) 21,000] +13.6) 45,4651 39,540
Electrical transmission and
distribution equipment and
industrial apparatus 2,803] 2,777] 2,678] +0.9| +3.7] +0.5| 2,921] 2,444) 2,650) 2,671 49.4 5,365 4,892
Household appliances 1's9]_ 1.945} 1942] -2.9] +02] +22) 1.800} 1,632] 1,819] 1,747} 43.0) 3,432] 3,174
Electric lighting and
wiring equipment . . . . 1,950] 1,944] 1,886] +03) 43.1] +10) 2,016} 1,722] 1,954) 1,787] +12.8) 3,738) 3,310
Household audio and
video equipment . 1,138} 1,111} 1,105] +24] +0.5] +1.6 1,042] 914} 1,045] 905) +15.1 1,956] 1,715
Communications equipment 5686] 5.785] 5,727) -1.7] +1.0] -0.5] 5,250 4,730] 7,426} 4,265] +23.1] 9,980) 7,894
Electronic components. 3.374] 81852] 8.963} 40.21 -12] +34, 8,892) 8,241) 8,913] 7,435) +196} 17,133) 14,345
Transportation equipment 40.257| 40217| 40,002] +0.1] +0.5] +0.3} 42,190] 35,844] 38,305] 40,241] +4.8] 78,034] 74,556
Motor vehicles and parts 28-780] 28.779} 29.246] 0.0] -1.6 2.9] 31,058] 26,489] 25,619] 29,516) +5.2) 57,547] 54,563
Aircraft, missiles,
space vehicles, and parts. 8,698| 8,505] 8,069] +23) +54] -6.41 8,364] 6,753] 10,074] 8,040} $4.0) 15,117] 15,209
Shipbuilding and tanks ..... 819) 953 757) -14.1] +25.9)  -7.0] 804 780} 921] 1,028] -21.8] 1,584] 1,769
Instruments and related products . 11,641] 11,465} 11,412] +1.5| 0.5) 42.3) 11,234] 10,140] 12,306} 10,392) +8.1] 21,374) 19,939
Search and navigation equipment 2636] 2.643| 2.451|  -0.3) +7.8) +4.1] 2,569} 2,206] 2,873) 2,438) $5.4) 4,775] 4,549
Measuring and controlling devices 31546] 3,427| 3,532) +35] -3.01 44.3] 3,486] 3,167] 3,696] 2,999] +162} 6,653) 5,862
Medical instruments and supplies 37122| 31103] 3.103] +06] 0.0] +0.7] 3,053) 2,878) 3,298} 2,880) +6.0) 5,931
Photographic goods . 1946, 1.888] 1.904] +31] -0.8) -4.1) 1,751] 1,535] 2,039} 1,739] +0.7) 3,286
All other durable goods 16582] 16.960} 16.912) -22| +03) +0.7] 16,311] 15,185] 15,534] 15,520] +5.1] 31,496
Nondurable goods industries 137,819] 136,711] 136,754] +0.8| 0.0} +2.1) 134,711] 125,670] 131,316] 122,757] +9.7) 260,381] 236.273
With unfilled orders 34288} 34,045| 33,631| +0.7| +12] +13] 33,939] 31,594] 32,740) 30,077] +12.8) 65,533] 57,628
Food and kindred products 36324] 36522] 37,512) -0.5]  -2.6 42.5] 35,373] 33,293] 37,503) 34,854) +1.5] 68,666] 66,839
Meat products 8208| 8,103} 8393] +13] -3.5] 43.4] 7,995] 7,564) 8,317] 7,905] 1.1] 15,559] 15,466
Dairy products . . 4340] 4.8721 4.935] -0.7] 1.3] +38} 4,685] 4.499] 4,760] 4,541) 43.2] 9,184) 8,741
Beverages 5249] 5305] 5359) -1.1]  -1.0] +06] 4,714] 4,474] 5,042) 4,658) +1.2] 9,188) 8.901
All other foods, except fats and oils 16.288} 16861] 1.5] -3.4] +3.2) 16,003] 14,802] 17,422} 15,870] +0.8) 30,805) 30,014
Tobacco products ex +32] +144, +06 2,762] 2,475| 2,937) 2,675] #33 .237| 5,259
Textile mill products -03{ 1.1] +3.3] 6,190] 5,525] 5,879] 5,859] $5.6 10,903
Broadwoven fabrics and
other textiles... .. 0.1} 1.7} 43.2} 3,949] 3,526] 3,831] 3,690| +70 6,852
Paper and allied products . +28] +46 +13] 13,06] 12,623] 12,093] 10,888] +24.0 21,116
Pulp, paper, and
paperboard mill products 5,717] +40] 48.5} +11] 5,791] 5,341] 5,008] 4,305} #34.5) 11,132] 8,392
Paperboard containers and boxes 3,600| 426) +41] +3.3| 3,582] 3.394] 3,156) 2,718] +318) 6,976) 5,272
Miscellaneous converted
paper products .. . . 4,088 +12} 0.0} 0.0} 4,133] 3,888] 3,932) 3,865] 46.9) 8,021] 7,452
Chemicals and allied products 30,653 +05| -0.4| +23) 30,367] 28,9311 29,018] 26,435] +14.9] 59,298) 51,751
Industrial chemicals . 16,741 0.6] +02) +44] 16.942| 16,035] 15,486] 13,989] #211] 32,977) 26,937
Drugs, soaps, and toiletries . . 10.381 +14] 0.7] -Lil 10,018] 9922] 10,629] 9,493] +5.5] 19,940] 19,178
Petroleum and coal products 13,510 461] +14} +19} 12,108] 11,327] 12,196] 10,388) +16.6] 23,435] 20,307
Rubber and plastics products 10,147 403] -0.1] 42.1) 10.211] 9,476| 9,064] 9,055] +12.8] 19,687] 17,320
All other nondurable goods 24271 -04| 0.0} +18) 24,194] 22,020) 22,624) 22,603] +7.0] 46,214) 42,778

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.