Table 4. VALUE OF MANUFACTURERS’ INVENTORIES FOR INDUSTRY GROUPS
M

ns of dollars)

Seasonally adjusted

Not seasonally adjusted

Industry Monthly Percent Change Monthly Percen
chang:
Jan. Dec. Nov.] Dec.-| Nov-|  Oct- Jan. Dee. Nov. Jan.| Jan.
1998" 1997" 1997] Jan. Dec.| Nov] 1998" 1997" 197 1997] 98/97
All manufacturing industries... . . 454,124] 453,501] 454,182] +0.1 -O.1] +05] 452,352] 442,992] 454,521] 434371] 9 44.1
Manufacturing industries
with unfilled orders 2... . 0... 301,730 | 300,724] 301,164] +03 -0.1] +05] 299,189} 291,241] 301,051] 286,566] +44
without defense capital goods ..... | 436,959] 436,509] 438,096] +0.1 04] +05] 435,360] 426,798] 438,487] 417,936]  +4.2
Durable goods industries. 284,881] 283,912] 284,649] +03 0.3] +04] 283,455) 275,777] 285,247] 271,566] +44
With unfilled orders : 261,558] 260,580] 261,351] +04 0.3) +05] 259,604) 252,591] 261,795} 248,424]  +4.5
Stone, clay, and glass products 8,776] 8,759] 8,745] 40.2] 40.2] +13] 8,775 8,531 8414} 8.676] +11
Primary metals ...... 2... 25,133] 25,107] 24,956] 0.1] 40.6] 40.3) 25,237] 25,195] 24.776] 24,632] +2.5
Blast furnaces, steel mills . 12,095] 12,083] 12,060] +0.1) — +0.2 0.0) 12,313) 12364) 12.173} 12321 “0.1
Iron and steel foundries : 1,667 1,644 1,641 +14 +0.2 40.1 1,644 1,603 1,600 1,640 +0.2
Nonferrous and other primary
metals... 0... ee . 11,371] 11,380] 11,255 O01) +11] 40.7) 11,280] 11,228] 11,003] 10,671] +5.7
Fabricated metal products | 29,327] 29,106] 29,166) +08] -02] +05] 29,188] 28593] 28679] 27,542] — +6.0
Industrial machinery and equipment . | 60,521] 60,667} 60,592] -02} +01] +02] 60,247] 58.472] 61.211] 58320] 43.3,
Engines and turbines o 4,094 3,926 3,861 +43 +17 +15 3,943, 3,683 4,108 3,506{ +125
Farm and garden machinery 3,387] 3,342] 3,262] +13] 42.5 AS} 3,719] 3,481 3.251 3346] HLA
Construction, mining and
material handling equipment 8,243 8,195 8072] +06 +13} 8259] 8,007] 8,035 7,606} +86
Metalworking machinery 7,326| 7,302 7328] +03 405 7,143 6.826] 7,246] 6950] 428
Computer and office equipment . 11017) 11,435] 11,658 37 09] 10,797] 10,607} 12,092] 11,582] -6.8
Electronic and other
electrical equipment ........... 40,766 | 40,493] 40,302] 40.7] +05} = 40.6] 40,385} 39,087] 40,305] 38,783] +4.1
Electrical transmission and
distribution equipment and
industrial apparatus 5,304 5,276 $,227 40.5 03 5,241 5,119 5,316 5,105 42.7
Household appliances 2,544 2,499 2,644 +18 14 2,516 2,274 2,565 2,760 88
Electric lighting and
wiring equipment ............ 3,426] 3,413 3,422) +04 03} +04 3.354] 3,229) 3,417] 3,213] 44d
Household audio and
video equipment ........ 14 1,435 1,499 “17 43 45 1,370 1,320 1415 1,622] -15.5
Communications equipment 11,159] 11,143] 11,053} 40.1] 40.87) +1.77 11,089] 10.659] 100] 10,235] +83
Electronic components . 13,645] 13,447] 13,181] 415} 420] +16] 13,659] 13,369] 13,315] 12,565] +8.7
Transportation equipment . 68,042| 67,657] 68,630] +06 -14] 40.2] 67,542] 64,823] 69,484] 63,471] +64
Motor vehicles and parts . 16,566] 16,423] 16,427] +0.9 0.0] -14] 16,563] 15,879] 16,529] 16,622 “0.4
Aircraft, missiles,
space vehicles, and parts. 46,482} 46,377] 47,448] +02 23| +08] 45,996] 44.215] 48,218] 42,14] 49.2
Shipbuilding and tanks .. . . 1,695 1,684 1,612 40.7 44.5 0.7 1,713 1,644 1,594 (725 0.7
Instruments and related products .... | 25,176] 25,023] 25,160] +0.6] — -0.5] = #1.0] 24,652] 24,229] 25,314] 24,000] 42.5
Search and navigation equipment 6,226 6,235 6,086 -0.1 42.4 +0.8 6,090 6,080 6,054 6,018 +12
Measuring and controlling devices . 7,913} 7,852] 7,882] +08 04] +08} 7,802] 7,621 7915 7,630) +23
Medical instruments and Supplies 7,959] 7,882] 8168] +1.0 35] +16] 7856] — 7,687 8,279 7,636|  +2.9
Photographic goods . . . 2389| 2371 2343] +08] +12] +04 2227] 2,159] 2379] 2460} 43.1
All other durable goods . . 27,140| 27,100] 27,098} +0.1 0.0) +03) 27429) 26.847] 27,064] 26.082} +52
Nondurable goods industries... . 169,243] 169,679] 169,533 03] +01] +05] 168,897] 167,215] 169,274] 162,805] +3.7
With unfilled orders . . . : 40,172] 40,144] 39,813] 40.1] +08) +02) 39,585] 38,650] 39.256] 38.142] +3.8
Food and kindred Products 35,967] 35,894] 35,664) 40.21 +0.6| 40.4] 36,307] + 36.224] 937316] 34,817] +43
Meat products... . 3,882] 3,864] 3,866] 40.5 01] +12] 3,800] 3,664] 3,853 3,625] +48
Dairy products . 3,431 3,293 3.264] +42] +09] +24] 3362] 3.119] 3,195 21875} +16.9
Beverages... . : 7,242) 7,185 7,187) +08 00] +08) 7,235 7,100] 7.337 6613] +94
All other foods, except fs fats and oils 19,468] 19,621 | 19352 -08| +14 0.0} 19,779] 20,338] 20,740] 19,476] +16
Tobacco products : 6,353 6174] 6.232] +2.9 09} +11 6.950} 6,547] 6,407 6733) +32
Textile mill products 10,305] 10,304] 10,245 00] +06 0.7] 10,288] 9,855] 10,040] 10,061] +23
Broadwoven fabrics and
other textiles... . 6,499] 6,492] 6,398] 40.1} +1. 0.2] 6,538] 6,262} 6,333 6,368) +2.7
Paper and allied produc 16,473] 16,379] 16,177} +0.6} +12] $0.6] 16,566] 16.247] 15,985] 16.127] 42.7
Pulp, paper, and
paperboard mill products... ... 6,744] 6,694] 6,630] 40.7] H1.0] 40.7] 6,811 6,629] 6,590} 6,690] +18
Paperboard containers and boxes . . 4070} 4,026] 3,937] +11] 423) +08] 94119] 4038] 3,848 3.942] +45
Miscellaneous converted
Paper products... .. 5,659] 5,659 5,610 00} +09] +04 5,636 5,580 5,547 5.495} +26
Chemicals and allied products | 44,503} 44,400] 44,470] +0.2 02} +13] 44,364] 44,139] 44,129] 41,250] +75
Industrial chemicals... . . 19.997] 20,069} 20,213 -04 -07{ +18] 20,257] 20,279] 20,003} 19,703] +28
Drugs, soaps, and toiletries . 19,035] 18,906] 18,867] +0.7] 40.2) +12] 18388] 18.447] 18,872] 16.100] +142
Petroleum and coal products . . 11,246] 12,107} 12,459} -7.1 28 0.0} 10,881} 11,604] 123741 12,450] -12.6
Rubber and plastics products 16,478| 16,442] 16,464] +0.2 0.1} +05] 16,583] 16.256] 16,116] 15,955] +3.9
All other nondurable goods . . 27.918] 27,979] 27,822 02] +06 -O1] 26,958] 26,343] 26,907] 25.412] +61

° Preliminary. ‘ Revised.

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


10 Total Manufacturing
New Orders and Shipments
Three Month Moving Averages

Billions of Dollars
380 380

New Orders

360 F- --------- rrr rrr rrr rrr rrr Shipments |_1 360

340 340

320 320

300 300

280 L L L 1 1 L L L L 1 1 L 1 280
Jan Mar May Jul Sep Nov Jan Mar May Jul Sep Nov Jan

Jan. 1996 - Jan. 1998

Total Manufacturing
Ratio of Unfilled Orders and
Inventories to Shipments

/S Ratios UO/S Ratios
2.5 3.9
2Ab-- - ee er vos }-] 3.8
23P------------ ccc ree us_}4 3.7
2ap----------- eer rrr re == 3.6
2ip---------- 2-2 eer rrr 3.5
ob-------------- ee ee rrr 3.4
1a9b------------- +--+ errr 3.3
wep--------------- eee rrrr rrr 3.2
aa 3.1
1.6 3
1.5 29
1.4 2.8
1.3 2.7
1.2 Lot fl L L 1 n ‘ 1 ! Ll 1 ! Lio6

Jan Mar May Jul Sep Nov Jan Mar May Jul Sep Nov Jan
Jan. 1996 - Jan. 1998

Note: All Charts based on seasonally
adjusted current dollars.


7
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
Jan. Dec. Nov. | Dec.- | Nov. | Oct- Jan. Dec. Nov. Jan. | Jan.
1998” 1997" 1997 | Jan. | Dec. | Nov. | 1998" 1997" 1997 1997 | 98/97
UNFILLED ORDERS
All manufacturing industries... . 545,421 | 541,449 | 542,376 | +07] 0.2 | +422 | 547,178 | 535,348 | 537,311 | 523,375 445
Market categories :
Automotive equipment . . . . 2,401 2,425 2418 10] +03 7] 2,441 2,361 2,331 2,377 42.7
Home goods and apparel 10,370 | 10,289 33] +08] +75 9,407 9,011 9,442 7,920 | +18.8
Consumer staples 2,158 2,134 00) +11 6.6 2,106 2,122 2,116 2,206 45
Machinery and equipment . . 247,932 | 250,091 +12 -0.9 | +5.1 | 251,391 | 246,900 | 250,054 | 232,693 +8.0
Business supplies ........ 6,741 6,905 “12 24 -13 6,523 6,557 6,774 6,641 -18
Construction materials
and supplies. . 17,633 | 17,553 | 40.1 | +05 0.0 | 17,553 | 17,307 | 17,167 | 16,489 +65
Defense products 100,264 | 99,470 | 98,966 | +08] +05 -1.0 | 101,090 | 99,453 | 96,868 | 107,207 “37
Other materials, supplies and
and intermediate products... . . . 155,250 | 154,720 | 154,920 | +03] +05 | +01 | 156,667 | 151,637 | 152,559 | 147,842 +6.0
Durable goods industries :
Nondefense capital goods * 267,645 | 264,814 | 267,290 +11 09 +4.6 | 268,577 | 264,413 | 267,593 | 253,469 +6.0
Excluding aircraft and parts. 102,831 | 101,784 | 101,932 +10 -0.1 +0.5 | 103,763 | 101,383 | 102,235 | 95,621 48.5
Defense capitat goods‘ . . 104,938 | 104,177 | 103,526 40.7 | +06 -0.8 | 105,764 | 103,985 } 101,277 | 112,022 ~5.6
Durables excluding capital goods 146,895 | 146,189 | 145,245 40.5 | 40.6 | 40.7 | 147,690 | 141,789 | 143,057 | 133,132 | +109
Miscellaneous series :
Producers’ durable equipment . 291,532 | 288,616 | 290,093 | +10] -05 | +46 | 292,271 | 286,527 | 289,549 | 268,799 48.7
Household durable goods ....... 6,790 7,011 7,037 3.2 0.4 +74 6,514 227 6,670 5,186 | +25.6
Information technology industries . | 39,501 | 37,960 | 38,201 +41 -0.6 0.5 | 39,210 | 37,719 | 38,545 | 35,435 | +10.7
Health care equipment
and products ........... 8,410 | 8,353 8.206} +07} +18] +18] 8,641 8,355 8,370 | 8,043 +74
TOTAL INVENTORIES
All manufacturing industries... . 454,124 | 453,591 | 454,182 | +0.1 0.1 | +05 | 452,352 | 442,992 | 454,521 | 434,371 44.1
Market categories :
Automotive equipment . . 8,258 | 8,201 8143 | 40.7] +07 “15 | 8,184 | 7,823 8,142 | 8,069 +14
Home goods and apparel 32,769 | 32,647 | 32,773 | +04] 04] -03 | 32408 | 31,128] 31490] 31,198 43.9
Consumer staples... . 70,719 | 70,942 | 70,867 03] +01 | +06 | 70,528 | 70,601 | 72,301 | 67,140 45.0
Machinery and equipment . 114,594 | 114,101 | 115,954 | +04]  -1.6 | +07 | 113,519 | 109,415 | 117360 } 106.985 +6.1
Business supplies 27,090 | 27,321 | 27,267 08] +02] +06 | 26,603 | 26302 | 27.071 | 25,652 43.7
Construction materials
and supplies. 27,644 | 27,610 | 27,729 | 40.1 -04 | +03 | 27,637 | 27,080 | 27,355 | 26,848 42.9
Defense products . . . . 16,710 | 16,562 | 15,873 | +409} +43 | 40.2] 16617] 15,838] 15:811 | 16173 42.7
Other materials, supplies and
and intermediate products 156,340 | 156,207 | 155,576 | +01] +04] +05 | 156,856 | 154,805 | 154,991 | 152,306 43.0
Durable goods industries :
Nondefense capital goods * 108,147 | 108,057 | 109,766 | +0. -16 | +06 | 106,965 | 103,501 | 111,264 | 101,063 +58
Excluding aircraft and parts 72,647 | 72,617 | 72,385 0.0 | +03 | +03 | 71,823 | 69,466 | 73,089 | 69,229 43.7
Defense capital goods ‘ . . 17,165 | 17,082 | 16,086 | +05} +62] +01 | 16992] 16,194} 16,034 | 16435 43.4
Durables excluding capital goods 159,569 | 158,773 | 158,797 | +05 0.0 | +03 | 159,498 | 156,082 | 157,949 | 154,068 43.5
Miscellaneous series :
Producers’ durable equipment 184,073 | 183,033 | 185,056 | +06] -1.1 | +05 | 182,660 | 176,651 | 186,055 | 174,478 +47
Household durable goods ....... | 16291 | 16,160 | 16390 +0.8 “14 | 40.1 | 16,234 | 15,483 | 15,976 | 15,800 42.7
Information technology industries - | 34°578 34,915 | 34,977 1.0 0.2 40.4 | 33,996 | 33,112 | 35,492 | 33,609 +12
Health care equipment
and products ............... 18,281 | 18,134 | 18397 | 408] -14 | +14 | 17,835 | 17,691 | 18,508 | 16,381 48.9

See footnotes at end of table 5.

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


Table 5. VALUE OF MANUFACTURERS’

FOR TOPICAL SERIES'

(Millions of dollars)

SHIPMENTS AND NEW ORDERS

Seasonally adjusted Not seasonally adjusted *
Monthly Percent Change Monthly Percent Year to date
Industry change
Jan.| Dec. | Nov. | Dec | Nov-} Oct-] Jan] Dec.} Nov.} Jan.] Jan.
1998] 1997] 1997] Jan. | Dec.] Nov.] 1998} 1997°] 1997] 1997] 98/97 | 1998" | 1997
SHIPMENTS
All manufacturing industries 333,423) 336,734] 332,955] -1.0] +1.1] -0.3} 299,989] 333,515] 332,962] 289,557]  +3.6] 299,989 289,557
Market categories :
Automotive equipment ....... 13,920] 14,908] 14,696] -6.6] +14) -2.0 12,775] 13,207] 15,057] 13,576] 5.9] 12,775] 13,576
Home goods and apparel 19,922] 19,960] 19,538] -0.2) +22) +1.6 16,644] 17,720] 20584] 15,561] +7.0] 16,644] 15,561
Consumer staples 69,125] 69,538] 69,516] -0.6) 0. 0.0] 64,640] 69,867] 70,796] 64,992] -0.5] 64,640) 64,992
Machinery and equipment . . 61,848] 62,145] 59,920] -0.5] +3.7]  -0.9] $1,763] 69,297] 58,833] 46,692 +10.9] 51,763] 46,692
Business supplies .... . 26,269] 26,421] 25,883] -0.6] +2.1] — -0.6 24,074] 25,915] 26,318] 23,030] +4.5) 24,074] 23,030
Construction materials
and supplies 21,012) 21,017{ 20,662] 0.0} +1.7} -0.9} 18,348) 19,044] 20,284) 17,762] +3.3] 18,348] 17,762
Defense products .......... 6,898} 6,698 7,313] +3.0]  -8.4) +60] 5,769] 7,532] 7,417] 5,348] +7.9] 5,769] 5,348
Other materials, supplies and
and intermediate products . . . 114,429} 116,047] 115,427] -1.4]  +0.5] — -0.6| 105,976] 110,933] 113,673] 102,596] +3.3] 105,976] 102,596
Durable goods industries :
Nondefense capital goods * . 48,940] 48,400] 46,971] +1.1]  +3.0f 0.4) 39,681] 57,605) 45,533] 34,365] +15.5] 39,681] 34,365
Excluding aircraft and parts . . 41,102] 41,280] 40,034] -0.4] +3.1] —-1.7] 33,705] 48,044) 38,769] 29,892) +12.8] 33,705] 29,892
Defense capital goods‘ ........ 6.533} 6,280] 6,914] 44.0) -9.2) +63] 5,372] 7,229] 7,114] 4,969] +8.1] 5,372] 4,968
Durables excluding capital goods . | 127,675] 130,657] 128,962| -2.3|  +1.3]  -0.8] 115,790] 122,504] 129,555] 112,842] +26] 115,790] 112,842
Miscellaneous series :
Producers’ durable equipment .... | 117,974] 119,767] 116,988] -1.5] +2.4| 1.1] 102,624] 122,983] 116,562) 96,721] +6.) 102,624] 96,721
Household durable goods ... . . 10,172| 10,430] 10,089] -2.5] 43.4] +22) 8.355] 9.970] 10,748] 7,664) +9.0) 8,355] 7,664
Information technology industries . | 22,866] 23,093} 21,920} -1.0] +5.4]  -3.2} 18,058] 29,714] 21,563] 16,018] +12.7] 18,058] 16,018
Health care equipment
and products .............. 11,289] 11,388] 11,069] -0.9] +29} -1.2) 10,708] 12,230] 10,891] 10,481] +22} 10,708] 10,481
NEW ORDERS
All manufacturing industries 337,395| 335,807| 344,833] +0.5} -2.6  +2.4] 311,819] 331,552] 342,769] 300,713] +37] 311,819} 300,713
Market categories :
Automotive equipment . 13,896] 14,915] 14,635] -6.8} +1.8]  -2.4) 12,855] 13,237] 14,964] 13,749] -6.5]— 12,855] 13,746
Home goods and apparel 19,578] 20,042} 20,255] -2.3} -1.1] +3.8} 17,041] 17,289] 20,623) 15,975] +6.7)— 17,041] 15,975
Consumer staples... . 69,126] 69,562) 69.365] -0.6| +0.3]  -0.1] 64,623] 69,873] 70,617] 65,040] -0.6] 64,623] 65,04C
Machinery and equipment . 64,928] $9987] 72,127] +82] -16.8| +124] 56,255] 66,142) 71,121] 50,813] +10.7) 56,255] $0,813
Business supplies se 26,187| 26.257] 25,790] -0.3] +18] -1.3] 24,040} 25,698] 26,218] 23,061] +4.2] 24,040] 23,061
Construction mat Is
and supplies ............00. 21,028] 21,097] 20,663] -0.3] +2.1]  -2.4] 18,594] 19,184) 20,148] 18,123] 42.6] 18,594] 18,123
Defense products . 7,691] 7,202) 6,363] +6.8] +13.2) +21.5] 7,407] 10,117] 6,553] 5,448] $36.0] 7,407) 5,448
Other materials, supplies and
and intermediate products . 114,961] 116,745] 115,615] -1.5] +10} 0.3) 111,004] 110,012] 112,525] 108,504) — +2.3) 111,004} 108,504
Durable goods industries :
Nondefense capital goods * ...... 51,771] 45,924] 58,728] +12.7| -21.8| +17.6] 43,845] 54,425| 57,663] 38,311] +144] 43,845] 38,311
Excluding aircraft and parts 42,149] 41,132] 40,498] +2.5] +1.6| -2.7] 36,085] 47,192] 39,606] 31,738] +13.7| 36,085] 31,738
Defense capital goods‘ ..... 7,294] 6.931] 6,072] +5.2| +14.1] 428.5] 7,151] 9.937] 6,225] 5,313] #346] 7,151] 5,312
Durables excluding capital goods. | 128,381] 131,601] 129,941] -2.4] 1.3) 1.1] 121,691 121,236] 128,284) 119,601] +1.7] 121,691] 119,601
Miscellaneous series :
Producers’ durable equipment 120,890] 118,290] 129,737] +2.2] -8.8] +5.1] 108,368] 119,961] 128,761] 102,510] +5.7] 108,368] 102,51
Household durable goods .......] 9,951] 10,404] 10,574] -4.4] -1.6 +6.0] 8,642 9,527] 10,783] 8,050] +7.4) 8,642} 8,05
Information technology industries . | 24,407} 22,852] 21,730] +68] +5.2)  -2.6| 19,549] 28,888] 21,544] 16,363] +19.5] 19,549} 16,362
Health care equipment
and products ......... 11,346] 11,536] 11,213} -1.6]  +2.9] -0.7] 10,994] 12,215] 11,047] 11,068] —-0.7] 10,994] 11,068

* Preliminary, ‘ Revised.

' Topical series are regroupings of the separate industry categories.
2 Shipments and new orders are the totals for the period and are adjusted for trading-day and calendar-month variations.

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

and tank components; and search and navigation equipment.

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


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

Inventory / Shipments ratio Unfilled Orders / Shipments ratio'
Industry Jan. Dec, Nov. Oct. Jan. Dec. Nov. Oct.
198" 1997" 197 1997 1998” 1997" 1997 1997
All manufacturing industries... . . 136 135 136 135 287 2.84 2.89 2.82
Durable goods industries ....... : 156 1.53 1.56 1.54 3.44 3.39 3.43 3.35
Stone, clay, and glass products... . . Liz 112 116 13 0.87 0.88 0.91 0.90
Primary metals : 1.64 165 1.63 1.60 221 2.24 2.22 2.16
Fabricated metal products. 2... 2, 152 150 151 150 150 148 149 148
Industrial machinery and equipment 170 171 178 174 217 218 2.28 2.25
Electronic and other
electrical equipment ..... soe 137 132 134 1.32 191 1.80 1.83 1.84
‘Transportation equipment . - | : 161 156 156 159 11.40 1151 11.20 11.25
Instruments and related products 1:87 184 1.90 181 3.63 3.58 3.65 3.49
Nondurable goods industries ........ 1.13 1.12 113 0.67 0.68 0.70 0,70
Food and kindred products : - : 0.87 0:87 087 (X) (X) (x) fea)
Tobacco products . . : 2.03 1,92 181 (x) &) (x) (x)
Textile mill products : 1.46 150 1.48 (NA) (NA) (NA) (NA)
Paper and allied products. 22... 116 114 116 (NA (NA (NA) (NA)
Chemicals and allied products: :  . 137 134 137 & re) rea) &)
Petroleum and coal products : 0.83 0.85 0.84 & & OO &)
Rubber and plastics products. 131 126 131 & &) & &)

° 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
Jan. Jan. Jan. Jan.
Jan? | 1997- Jan? | 1997- Jan? | 1997- Jan? | 1997-
Jan! | 1993-] Dec. | Jan.’ | 1993-| Dec. | Jan. | 1993-] Dec. | Jan. | 1993- | Dee.
1998 | 1997 {1997 | 1998 | 1997] 1997] 1998 | 1997 | 1997 | 1998] 1997] 1997
All manufacturing industries... .. . (X) 03 0.2 (xX) 03 02 (X) 0.1 04 (X) 0.0 Ol
Durable goods industries .......... 0.2 04 0.2 09 0.6 03 03 01 0.1 (xX) 01 0.1
Stone, clay, and glass products . (xX) 0.5 04 (X) 0S 12 (xX) 04 09 (X) 03 0.2
Primary metals seeel Od 02 02 -0.3 10 06 0.2 05 02 (X) 02 0.0
Fabricated metal products : &) 04 03 &) 09 0.6 (X) 05 03 X) 05 OL
Industrial machinery and equipment . 09 1.0 05 12 07 01 0.1 02 (X) 01 01

Electronic and other

electrical equipment... . 03 05 06 03 09 lo] -0.1 04 06 (X) Ol Ol
Transportation equipment... ...... 01 08 04 3.0 13 i 07 Ol 0.1 & 02 02
Instruments and related products... . (x) 09 05 (xX) 22 14 (xX) 04 03 (xX) 0.2 0.2
Nondurable goods industries . (x) 0.2 0.2 (X) 02 0.2 (x) 04 0.2 (x) Ol Ol
Food and kindred products - &) 02 03 (X) & a) &) e9) & & Ol 02
Tobacco products ..... (x) On Ol ro &) (&) (&) &) (&) &) 0.0 On
Textile mill products . (x) 0.6 03 (X) (NA) (NA) (X) (NA) (NA) (X) 0.1 01
Paper and allied products . . (X) 0.1 04 (Xx) | (NA) | (NA) (X) | (NA) | (NA) (x) 0.2 O1
Chemicals and allied products oe (X) 04 03 (X) (X) (X) (X) xX), (X) (X) 04 0.1
Petroleum and coal products baa (xX) 05 03 (X) (X) (X) (X) (X) (X) (X) 04 04
Rubber and plastics products ..... . (xX) 06 03 (xX) (Xx) (xX) (X) (X) (X) (X) 04 0.1

Capital goods industries :
Nondefense .. . 12 09 0s 18 10 07 02 0.0 01 (oa) 01 OL
Defense 04 07 07] 15.0 49 26 14 02 02 &) 02 02

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

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

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


CURRENT INDUSTRIAL REPORTS

ows
By

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

Manufacturers’ Shipments,
Inventories, and Orders

January 1998
3-1-(98)-01
For Wire Transmissions 10:00 a.m. E.S.T. March 5, 1998

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

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

Summary

New orders for manufactured goods in January increased $1.6
billion or 0.5 percent to $337.4 billion, the Department of Commerce,
Bureau of the Census reported today. This follows a 2.6 percent
December decrease and is the seventh increase in the last eight
months. Excluding transportation, new orders decreased 0.2 percent,
the third decline in the last four months. New orders for January are
4.2 percent above January 1997.

Shipments decreased $3.3 billion or 1.0 percent to $333.4
billion, following a 1.1 percent December increase. This is the third
decrease in the last four months, Shipments for January are 4.3
percent above January 1997.

Unfilled orders, up five of the last six months, increased $4.0
billion or 0.7 percent to $545.4 billion, following a 0.2 percent
December decrease. The unfilled orders-to-shipments ratio was 2.87,
up from 2.84 in December.

Inventories increased $0.5 billion or 0.1 percent to $454.1
billion. This follows a 0.1 percent December decrease and eleven
consecutive monthly increases, The inventories-to-shipments ratio was
1.36, up from 1.35 in December.

New Orders

New orders for manufactured durable goods in January increased
$3.0 billion or 1.6 percent to $187.4 billion, revised from the
previously published 0.7 percent increase. This follows a 5.3 percent
December decrease and is the sixth increase in the last eight months.
Transportation equipment, up three of the last four months, had the
largest increase, $2.2 billion or 5.1 percent to $45.0 billion; a large
increase in aircraft and parts more than offset decreases in the other
components. This follows a 22.2 percent December decrease.
Electronic and other electrical equipment increased $1.1 billion or 3.7
percent to $31.7 billion. This follows a 3.5 percent December increase
and three consecutive monthly declines. Instruments and related
products, down for the first month since August, decreased $0.4 billion
or 3.0 percent to $13.6 billion. This follows a 2.2 percent December
increase.

New orders for nondurable goods, down two of the last three
months, decreased $1.4 billion or 0.9 percent to $149.9 billion,
following a 0.8 percent December increase. Petroleum and coal
products and chemicals and allied products had the largest decreases.

Shipments

Shipments of durable goods in January, down three of the last
four months, decreased $2.2 billion or 1.2 percent to $183.1 billion,
revised from the previously published 1.4 percent decrease. This
follows a 1.4 efoent December increase. Transportation equipment,
down three of the last four months, had the largest decrease, $1.1
billion or 2.5 percent to $42.4 billion, decreases in motor vehicles and
parts and railroad equipment more than offset an increase in aircraft
and parts, This follows a 1.0 percent December decrease. Electronic
and other electrical equipment, down three of the last four months,

decreased $0.8 billion or 2.6 percent to $29.8 billion. This follows a
1.5 percent December increase.

Shipments of nondurable goods, down two of the last three
months, decreased $1.1 billion or 0.7 percent to $150.3 billion,
following a 0.9 percent December increase. Decreases, led by
petroleum and coal products and chemicals and allied products, more
than offset increases led by food and kindred products and printing
and publishing. Petroleum and coal products, down for the fifth
consecutive month, decreased $0.7 billion or 5.1 percent to $13.5
illion.

Unfilled Orders

Unfilled orders for durable goods in January increased $4.3
billion or 0.8 percent to $519.5 billion, revised from the previously
published 0.5 percent increase. This follows a 0.2 percent December
decrease and is the fifth increase in the last six months.
Transportation equipment, up three of the last four months, had the
largest increase, $2.6 billion or 1.0 percent to $264.0 billion, due to
aircraft and parts. This follows a 0.3 percent December decrease.
Electronic and other electrical equipment increased $1.9 billion or 3.4
percent to $56.9 billion. This follows a slight December decrease and
1s the first increase since September. Fabricated metal products
increased $0.1 billion or 0.5 Percent to $27.2 billion, following a 0.2
percent December decrease. This is the twenty-fourth increase in the
last twenty-five months. Primary metals, down for the first month
since December 1996, decreased $0.3 billion or 0.9 percent to $33.9
billion, following a 0.3 percent December increase.

Inventories

Inventories of durable goods in January increased $1.0 billion or
0.3 percent to $284.9 billion, following “a 0.3 percent December
decrease. This is the third increase in the last four months and the
eleventh in the last thirteen months. Transportation equipment
increased $0.4 billion or 0.6 percent to $68.0 billion. This follows a
1.4 percent December decline and twenty-three consecutive monthly
increases. Electronic and other electrical equipment, up for the fourth
consecutive month, increased $0.3 billion or 0.7 percent to $40.8
billion, following a 0.5 percent December increase. Fabricated metal
products, up fifteen of the last sixteen months, increased $0.2 billion
or 0.8 percent to $29.3 billion. This follows a 0.2 percent December
decrease.

Inventories of nondurable goods, down for the first month since
January 1997, decreased $0.4 billion or 0.3 percent to $169.2 billion,
following a 0.1 percent December increase. Petroleum and coal
preducts had the largest decrease, $0.9 billion or 7.1 percent to $11.2

illion. This follows a 2.8 percent December decrease and is the third
consecutive monthly decrease.

By stage of fabrication, January finished goods increased 0.5
percent in durables and decreased 0.8 percent in nondurables. Work
1n process increased slightly in durables and decreased 0.8 percent in
nondurables. Materials and supplies increased 0.7 percent in durables
and 0.7 percent in nondurables.

(See Back Page for 1998 Release Dates)

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

‘The advance report on durable goods for February is scheduled for March 25, 1998 at 8:30 a.m. and the full report on Apri

1998 at 10:00 a.m. For sale by the Superintendent of



U.S. Department ef Commeroce FIRST-CLASS MAIL

BUREAU OF THE CENSUS POSTAGE & FEES PAIO
Washington, D.C. 20233
Bureau of the Census
PERMIT NO. G-58

Offiolal Business

Penalty tor Private Uso, $300

PUBLICATION DATES FOR THE 1998 MONTHLY M3 SURVEY
MANUFACTURERS' SHIPMENTS, INVENTORIES, AND ORDERS

Advance Report Regular Report

Report. Release Dates Release Dates
Covering (8:30 a.m. release time) (10:00 a.m. release time)
November 1997 Tues., Dec. 23 Tues, Jan 6, 1998
December 1997 Wed., Jan. 28 Thur., Feb 5
January 1998 Thur., Feb. 26 Thur., Mar. 5
February 1998 Wed., Mar. 25 Thur., Apr. 2
March 1998 Tues., Apr. 28 Wed., May 6
April 1998 Thur., May 28 (10 A.M.) Thur., June 4
May 1998 Wed., June 24 Thur., July 2
June 1998 Wed., July 29 Thur., Aug. 6
July 1998 Wed., Aug. 26 Wed., Sep. 2
August 1998 Thur., Sept. 24 (10 A.M.) Fri., Oct. 2
September 1998 Wed., Oct 28 Wed., Nov. 4
October 1998 Tues., Nov. 24 (10 A.M.) Fri., Dec. 4

November 1998 Wed., Dec. 23 (10 A.M.) Wed., Jan 6, 1999



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

New Orders
a -] 52

Shipments

Jan Mar May Jul Sep Nov Jan Mar May Jul Sep Nov Jan
Jan. 1996 - Jan. 1998

Defense Capital Goods
New Orders and Shipments
Three Month Moving Averages

Billions of Dollars
10 10

New Orders

Shipments

Jan Mar May = Jul Sep Nov Jan Mar May Jul Sep Nov Jan
Jan. 1996 - Jan. 1998

Note: All Charts based on seasonally
adjusted current dollars.


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

(Millions of dollars)

Seasonally adjusted

Not seasonally adjusted

Industry Monthly Percent Change Monthly Percent
change
Jan, Dec. Nov. | Dec.- | Nov- | Oct- Jan. Dec. Nov. Jan. Jan.
1998” 1997" 1997 | Jan. | Dec. | Nov. 1998" 1997" 1997 1997 | 98/97
MATERIALS AND SUPPLIES
All manufacturing industries... . . 149,919 | 148,913 | 148,035 +0.7 40.6 0.5 | 150,901 148,561 148,206 | 145,706
Durable goods industries . . . 87,897 87,306 87,127 +07 +02 0.2 88,485 86,990 87,840 84,688
Stone, clay, and glass produc « 2,951 2,971 2,959 07 +0.4 +d 2,953 2,971 2,944 2,879
Primary metals ....... 7,917 8,026 7,983 “14 +0.5 AB 8,038 8,328 8,126 7,974
Fabricated metal products . 10,658 10,590 10,572 +06 +0.2 +03 10,783 10,766 10,478 10,483
Industrial machinery and equipment 18,299 18,262 18,364 +0.2 0.6 04 18,169 17,833 18,645 17,68:
Electronic and other
electrical equipment .... 14,153 13,916 13,796 417 +0.9 +12 14,071 13,637 13,780 13,178
‘Transportation equipment . 14,981 14,652 14,573 42.2 +05 18 15,159 14,368 14,673 14,236
Instruments and related produ 8,571 540 607 +0.4 08 +07 574 8,416 8,575 7,996
Lumber, furniture and
miscellaneous durable goods . . . 10,367 10,349 10,273 40.2 +04 10,738 10,671 10,619 10,254
Nondurable goods industries . 62,022 61,607 60,908 +0.7 -1.0 62,416 61,571 60,366 61,018
Food and kindred products 11,177 11,116 10,850 +05 3.0 1,471 11,285 11,108 11,651
Tobacco products ... 5,376 5,180 5,228 43.8 12 5,773 57 5,120 5,448
Textile mill products . 3,049 3,064 3,059 0.5 -2.0 3,048 3,011 2,976 3,129
Paper and allied product 7978 7,895 7,775 +1 +03 8,019 7,950 7,749 7,913
Chemicals and allied produc 14,681 14,535 14,522 +1.0 +0.2 14,590 14,414 14,438 13,845
Petroleum and coal products 3,448 3,601 643 42 -10 321 3,500 3,510 650
Rubber and plastics products. . 6,431 6,384 6,315 +0.7 0.0 6,484 6,420 6,226 6,283
Apparel, printing and Dublishing
and leather goods . 9,882 9,832 9,516 +05 19 9,711 9,534 9,239 9,099 +67
WORK IN PROCESS
All manufacturing industries... . . 145,592 | 145,823 | 146,009 0.2 0.1 +14 | 144,189 | 140,881 147,278 | 136,355 45.7
Durable goods industries ......... 116,364 } 116,351 116,590 0.0 0.2 +13 | 115,074 | 112,133 | 117,305 | 109,628 +5.0
Stone, clay, and glass products (29) 1,251 1,263 43.2 -10 17 1,267 1,155 1,167 2! +18
Primary metals ©... ..... 8,973 8,873 8,810 +L +07 +10 8,912 8,745 8,642 8,688 42.6
Fabricated metal products .. . . 8,225 8,138 8,176 +11 0.5 +12 8,132 7,945 8,136 7,614 +6.8
Industrial machinery and ‘equipment 23,224 23,610 23,184 16 +18 +h 22873 22,511 23,401 22,092 43.5
Electronic and other
electrical equipment 15,628 15,434 15,203 +13 +15 +15 15,491 14,954 15,246 14,656 +5.7
‘Transportation equipment . 44,03. 44,024 44,765 0.0 “LT +14 43,720 42,422 45,567 40,474 +8.0
Instruments and related products - 9,898 9,849 9,886 +0.5 04 +18 9,644 9,401 9,937 9,888 2.5
Lumber, furniture and
miscellaneous durable goods ... . . 5,090 5,172 5,303 -16 “25 +15 5,035 5,000 5,209 4,972 +13
Nondurable goods industries . . 29,228 29,472 29,419 0.8 +0.2 +17 29,115 28,748 29,973 26,727 +8.9
Food and kindred products . 5,425 486 5,515 “Ld -0.5 433 5,660 5,816 086 5,150 +99
Tobacco products . . 136 126 99 +79 | 4273 -10.8 149 133 155 217 13
Textile mill products . 2,632 2,648 2,623 -0.6 +10 0.5 2,636 2,544 2,615 2,510 45.0
Paper and allied oducts. . 1,896 1,866 1,785 +16 +45 40.5 1,921 1,851 1,719 1,697 +13.2
Chemicals and allied products 8,482 8,477 8,307 +0.1 +2.0 +23 8,396 8,322 8,284 6,806 423.4
Petroleum and coal products 2,437 2,544 2,693 42 5.5 0.4 2,393 2,381 2,706 2,820 -15.1
Rubber and plastics products. . 2,232 2,232 2,206 0.0 +12 +0.8 2,259 2,193 2,241 2,110 +71
Apparel, printing ani publishing”
and leather goods ....... 5,988 6,093 6,191 17 16 42.3 5,701 5,508 6,167 5,417 +5.2
FINISHED GOODS
All manufacturing industries 158,613 | 158,855 | 160,138 0.2 0.8 40.5 | 197,262 | 153,550 | 159,037 | 152,310 +33
Durable goods industries . . sae 80,620 80,255 80,932 +0.5 -0.8 0.2 79,896 76,654 80,102 77,250 +3.4
Stone, clay, and glass products ee 4,534 4,537 4,523 0.1 +03 42.4 4,555 4,405 4,303 4,553 0.0
Primary metals ...... . 8,243 8,208 8,163 +0.4 +0.6 +12 8,287 8,122 8,008 7,970 +4.0
Fabricated metal products . 10,444 10,378 10,418 +0.6 0.4 +0.1 10,273 9,882 10,065 9,445 +88
Industrial machinery and equipment 18,998 18,795, 19,044 +11 13 04 19,205 18,128 19,165 18,540 +3.6
Electronic and other
electrical equipment .. . 10.985 11,143 11,303 14 “14 Ll 10,823 10,496 11,279 10,949 12
Transportation equipment . 9,02 8,981 9,292 +0.5 33 2.2 8,663 5, 9,244 8,761 -Ld
Instruments and related products 6, Hod 6,634 6,667 +11 0.5 +0.4 6,434 6,412 6,802 6,176 +42
Lumber, furniture and
miscellancous durable goods 11,683 11,579 11,522 +09 40.5 02 11,656 11,176 11,236 10,856 +74
Nondurable goods industries 77,993 78,600 79,206 0.8 +13 77,366 76,896 78,935 75,060 +31
Food and kindred products . 19,365 19,292 19,299 0.0 +16 19,176 19,123 20,122 18,016 +64
Tobacco products . . 841 868 905 4d +18.8 1,028 957 1,132 1,068 “37
Textile mill products . 4,624 4,592 4,563 +0.6 +0.1 4,604 4,300 4,449 4,422 +41
Paper and allied produ 6,599 6,618 6,617 0.0 +1.0 6,626 6,446 6,517 6,517 +17
Chemicals and allied products” 21,340 21,388 21,641 12 +17 21,378 21,403 21,407 20,599 +38
Petroleum and coal products 5,361 962 6,123 2.6 +0.7 5,168 5,723 6,158 5,980 13.6
Rubber and plastics products 7,815 7,826 7,943 “lS +10 7,840 7,643 7,649 7,562 43.7
‘Apparel, printing and publishi
and leather goods . . 12,048 12,054 12,115 0.5 +0.1 11,546 11,301 11,501 10,896 +6.0

” Preliminary. ‘ Revised

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


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

(Millions of dollars)

Seasonally adjusted

Not seasonally adjusted

Industry Monthly Percent Change Monthly Percent
change
Jan, Dec. Nov.| Dec] Nov.-|  Oct- Jan. Dec. Nov. Jan.| Jan.
1998” 1997" 1997] Jan.] Dec.) Nov. 1998” 1997" 1997 1997] 98/97
All manufacturing industries . $45,421] 541,449] 542,376] +0.7 02} 42.2] 547,178] 535,348] 537,311] 523,375] 44.5
Manufacturing industries
without defense capital goods ..... 440,483 | 437,272] 438,850] — +0.7 04) 43.0] 441,414] 431,363] 436,034] 411,353] +73
Durable goods industries... . 519,478 | 515,180] 516,061] +08 0.2] 424] 522,031] 510,187] 511,927] 498,623} +4.7
Stone, clay, and glass products . 6,505] 6,508] 6,531 oof -04 09} 6,444] 6,245 6,242] 6,747 45
Primary metals 33,914] 34,211] 34,110] 0.9] 40.3] +1.7] 34,407] 33,337] 32,468] + 29.929] +15.0
Blast furnaces, steel mills 14,172] 14472] 14,119] 21] 425] +40] 14512] 13,892] 13.296] 12356] +174
Iron and steel foundries 5,563 5,549] 5.446] +03] 419] 45.1 5574] 5,445 5,220] 4,470] +24.7
Nonferrous and other primary
metals . 14,179] 14,190] 14,545 -0.1 24 -16] 14,321] 14,000} 13,952] 13,103] +9.3
Fabricated metal products 27,186] 27,049] 27,092] +05 02} +04] 27,054] 26,718] 26,714] 24,620] +9.9
Industrial machinery and equipment - | 72,670] 72,840] 73,712 -02 “12 0.0] 73,772] 72,908] 74,435] 73,515) +03
Engines and turbines... . . 1,743} 711] 1951 +03 20] +09] 12,209) 12,284] 12,504] 12,540} 26
Construction, mining and
material handling equipment 10,583] 10,559] — 10,266 +0.2 +2.9 +2.6] 10,848] 10,378 9,979 9,164] +18.4
Metalworking machinery 7,135] 7,145 7577 0.1 “5.7 12) 7135} 7,145 7,577] 8,393] -15.0
Computer and office equipment . . . 7971 7,942] 8,093] +04 “19 -19{ 7,708] 7,727] 8,455] 9,594] -19.7
Electronic and other
electrical equipment ........... 56,914] 55,037] 55,059] +3.4 0.0 -1.1] 57,693] 52,861] 55,180] 51,624] +118
Electrical transmission and
distribution equipment and
industrial apparatus ........... 6,281 6,394] 6,203 18] 43.1 6.262} 6,221 61S] 6,546] -4.3
Electric lighting and
wiring equipment 4829] 4823} 4,779} 40.1] 40.9 4,829] 4,823] 4,779) 4,523] +68
Communications equipment 15,593] 14.278] 14,766] 492] 33 15,576] 14,301} 14,761] 12,591] +23.7
Electronic components . 24,161| 23,305] 23,098] 43.7] +09 24813| 21,699] 23,574] 22,118] +122
Transportation equipment 263,958] 261,370] 262,041) +10] -03 264,792 | 260,725] 259,956] 258936] +23
Aircraft, missiles,
space vehicles, and parts. 228,804 | 226,033] 228,445] +12 “1d 229,482] 225,592] 226,696] 225,674]  +1.7
Shipbuilding and tanks . . 18,328} 18,536] 17,480] -1.1] —+6.0 18,300] 18,420} 17,415] 19,456] -5.9
Instruments and related products . 48,977] 48,843] 48.422] +03] 40.9 49,152| 48,944] 47,935] 46,426] +5.9
Search and navigation equipment 28,475] 28,578] 28.449) 04] 40.5 28,640} 28,804] 27,954] 27,406] —-+4.5
Measuring and controlling devices . 10,290 10,144 9,924 +14 42.2 10,290 10,144 9,924 9,990 43.0
Medical instruments and supplies 8364] 8308] 8161] 40.7] 418 8598] 8312 8324] 8,013] +73
All other durable goods ......... 9,354 9,322 9,094 +03 42.5 8,717 8,449 8,997 6,826 |  +27.7
Nondurable goods industries ...... . 25,943| 26,269] 26,315 “12 0.2 -O.1] 25,147] 25,161] 25,384] 24,752] +16

’ Preliminary. ' Revised.

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


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

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

Jan. Dec. Nov. | Dec.- | Nov.- | Oct.- Jan, Dec. Nov. Jan. Jan.
1998P 1997" 1997] Jan.| Dec.} Nov.} 1998" 1997" 1997 1997] 98/97 1998" 1997

All manufacturing industries ... . . 337,395] 335,807] 344,833] +0.5] -2.6|  +2.4) 311,819] 331,552] 342,769} 300,713] +3.7) 311,819] 300,713

Manufacturing industries
with unfilled orders ....... - ++] 194,008} 189,470] 199,839] +24]  -5.2) +4.7| 179,479] 193,840] 198,321] 166,526]  +7.8] 179,479) 166,526
without defense capital goods .. . . . | 330,101] 328,876] 338,761] +0.4) -2.9]  +2.1) 304,668] 321,615) 336,544) 295,400] 43.1] 304,668] 295,400

Durable goods industries... .
With unfilled orders... .
Stone, clay, and glass produc
Primary metals... .
Blast furnaces, steel mills . .
Iron and steel foundries...
Nonferrous and other primary

172,687] 163,225
143,837) 133,364
6,938 6,448
15,648} 15,881
6,763 6,911
1,548 1,532

187,446] 184,456] 194,741] +1.6] 5.3] +4.7) 172,687] 185,598] 192,172} 163,225)
155,509] 151,007] 162,131] +3.0} -6.9| +6.1] 143,837] 156,116} 159,805] 133,364)
7,829| 7,789] 7,506] +0.5} +3.8) -4.4) 6,938] 6,767 7,330] 6,448)
15,027] 15,362} 15,915] -2.2 3.5] +1.8) 15,648] 14,936} 15,396] 15,881
5,988) 6,656} 6,713] -10.0} 0.8] +2.3) 6,763) 6,394] 6,402} 6,911
1,538 1,685} 1,772] -8.7] 49 +114) 1,548} 1,556) 1,695) 1,532

metal: 7,501] 7,021} 7,430} +68] -5.5|-0.7} 7,337) 6,986} 7,299] 7,438] -1.4] 7,337] 7,438
Fabricated metal products. . 19'378| 19,321] 19,425] +03] -0.5] -1.4] 17,867] 18,005] 18,968) 17,251] +3.6] 17,867] 17,251
Industrial machinery and equipment .| 35,436] 34,635) 34,027 +23] +18] 1.6 31,146] 36,882] 33,108) 28,358] +9.8) 31,146] 28,358

Engines and turbines .......... 1,939} 1,693] 2,046] +145] -173] -4.4) 1,495] 2,158] 2,198] 1,297] +153} 1,495] 1,297

Construction, mining and
4074) 4294] 4,237) 5.1) 41.3} 1.4] 4,135] 4,321] 3,967] 3,734) 410.7) 4,135] 3,734

material handling equipment .
Metalworking machinery . . 3,470] 3,018] 3,316] +15.0] -9.0] -2.2| 2,680) 3,179] 3,618] 2,689) 03 2,680] 2,689

Computer and office equipment . . . 9,710) 9,471 8,659] +25} +9.4) -2.5} 7,445] 12,293] 8,399] 6,384) +16.6 7445, 6,384
Electronic and other
electrical equipment ....... «| 31,700] 30,583} 29,548] +3.7] +3.5| -1.9] 30,211] 31,719) 29,079) 26,972] +12.0 30,211] 26,972

Electrical transmission and
distribution equipment and
industrial apparatus ..........- 3,388] 3,595] 3,403] -5.8] +5.6 +9.5] 3,081] 3,444] 3,272] 3,037] +14) = 3,081] 3,037
Electric lighting and
wiring equipment .
Communications equipms
Electronic components . .
‘Transportation equipment

Aircraft, missiles,

space vehicles, and parts.
Shipbuilding and tanks... .

2,192] 2,264) 2,146) -3.2]+5.5}— -9.5) 1,936] 2,368] 2,249) 1,938) 0.1 1,936 1,938
7,972] 6,184 6,354] +28.9] 2.7, -2.9) 6,201 9,130] 6,319} 4,346) +42.7 6,201 4,346
12,700] 12,784] 12,190} -0.7) +4.9]  -1.6f 13,904} 11,356] 11,372] 12,189) +14.1 13,904] 12,189
44,970] 42,776] 54,987|  +5.1]  -22.2) +21.8] 41,538) 43,892] 55,392] 40,319) 43.0 41,538] 40,319

14321] 8,330] 21,692] +719] -61.6[ +1025] 12,795] 12,730} 21,668] 9,860} +29.8) 12,795} 9,860
983] -68.5] +91.81+110.9] 486] 2,043) 851] 601} -19.1 486 601

Instruments and related products . 13,620] 14,046] 13,748] 3.0] +2.2] +1.3] 12,151] 15,559] 13,664] 11,614) +4.6) 12,151] 11,614
Search and navigation equipment 2,667/ 2,815] 2,713] -5.3] +38} +0.9) 2.277) 3,700] 2,746] 1,969} +15.6] 2,277] 1,969
Measuring and controlling devices 4.072) 4;159] 3,968] -2.1] +48] -8.5) 3,636] 4.4271 3,961] 3,446] 45.5] 3,636] 3,446
Medical instruments and supplies .| 4,530] 4,584] 4,433] -1.2| +34] 40.1) 4,344] 4,876} 4,350] 4,192] 43.6) 4,344) 4,192
All other durable goods «| 19,486} 19,944] 19,585] -2.3]  +1.8} 40.9] 17,188) 17,838] 19,235] 16,382) +4.9] 17,188) 16,382

Nondurable goods industries . ..

149,949] 151,351] 150,092] -0.9}  +0.8] — -0.3] 139,132] 145,954] 150,597] 137,488] +12} 139,132] 137,488
With unfilled orders .....

38,499] 38,463} 37,708} +0.1) +2. 0.8] 35,642] 37,724) 38,516) 33,162 47.5 35,642] 33,162

? 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 «
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
which includes errors of coverage, response, and nonreporting. Since the survey panel is not a probability sample, estimates of sampling error cannot be calculated. Ft
details on survey design, methodology, and data limitations are contained in our most recent annual benchmark publication, Current Industrial Reports: M3-1
“Manufacturers” Shipments, Inventories, and Orders: 1987-1996."


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

FOR INDUSTRY GROUPS

‘Seasonally adjusted

Not seasonally adjusted!

Monthly Percent Change Monthly Percent Year to date
Industry change
Jan. Dec, Nov. | Dec.- | Nov.- | Oct- Jan. Dec. Nov. Jan. Jan.
1998" 1997" 1997] Jan. | Dec.| Nov.| 1998? 1997" 1997 1997 | 98/97 1998" 1997
All manufacturing industries... . . 333,423] 336,734] 332,955] -1.0)  +1.1 -0.3} 299,989} 333,515) 332,962) 289,557] +3.6] 299,989] 289,557
Manufacturing Industries
with unfilled orders . «| 190,036} 190,397] 187,961 0.2) +13) 0.1] 167,649] 195,803} 188,514} 155,370] +7.9) 167,649] 155,370
without defense capital goods . . . | 326,890] 330,454) 326,041 -11] +14) -0.5) 294,617] 326,286] 325,848] 284,588 43.5] 294,617} 284,588
Durable goods industries. 183,148] 185,337] 182,847] -1.2] +14) — -0.4) 160,843] 187,338] 182,202] 152,176} +5.7{ 160,843] 152,176
With unfilled orders 151,211] 151,888] 150,237] -0.4)  +1.1 0.1] 131,993] 157,856] 149,835} 122,315) +7.9] 131,993} 122,315
Stone, clay, and glass products 7,832 7,812] 7,563] +0.3]  +3.3)-1.3] 6,739] 6,764} 7,459) 6,278] 473 6,739 6,278
Primary metals ..... 15,324) 15,261] 15,337] +0.4| -0.5{  -1.2] 14,578} 14,067) 15,057} 14,390] 413 14,578} 14,390
Blast furnaces, steel mills . . 6,288 6,303) 6,170] -0.2) +22) -0.2) 6,143 5,798 5,946} 6,090] +0.9 6,143 6,090
Tron and steel foundries... 1,524 1,582) 1,508] -3.7} +4.9] — -3.4) 1,419 1,331 1,473) 1,354) +48 1,419 1,354
Nonferrous and other primary
metals 7,512) 7,376) 7,659] +1.8) 3.7) -1.5] 7,016) 6,938 7,638| 6,946] +1.0 7,016 6,946
Fabricated met cts 19,241] 19,364) 19,309) -0.6] +03] -0.4) 17,531] 18,001] 19,093] 16,861 +4.0 17,531 16,861
Industrial machinery and equipment .| 35,606] 35,507) 33,991] +0.3) +4.5] -2.2) 30,282] 38,409] 32,355] 27,007) +12.1 30,282) 27,007
Engines and turbines ........-. 1,907 1,933 1,942) -1.3] 0.5} -3.2| 1,570] 2,468 1,892] 1,458 +77 1,570 1,458
Farm and garden machinery . . 2,155} 2,079 1,696] +3.7| +22.6}  -15.5| 1,935 1,580] 1,371 1,696] +14.1 1,935 1,696
Construction, mining and
material handling equipment . 4,050] 4,001] 3,973} +1.2| +0. +0.5] 3,665| 3,922] 3,775] 3,199] +14.6/ 3,665] 3,199
Metalworking machinery 3,480] 3,450) 3,409) +0.9] +12) -0.7] 2,690] 3,611 3,711 2,506 +73 2,690 2,506
Computer and office equipment 9,681 9,622 8,817] +06) +9.) 44) 7,464) 13,021 8357) 6,571) +13.6 7,464 6,571
Electronic and other
electrical equipment. 29,823] 30,605] 30,164) -2.6) +1.5]  -0.3} 25,379} 34,038] 31,165] 23,210) +93 25,379) 23,210
Electrical transmission
distribution equipment and
industrial apparatus . 3,501 3,404} 3,352] +2.8]  +1.6f -2.4f 3,040} 3,338} 3,253) 2,793) +88 040 2,793
Household appliances 2,168} 2,262 2,154) 4.2) +5.0) — -0.6 1,765} 2,167) 2,086} 1,601] +10.2 1,765 1,601
Electric lighting and
wiring equipment ........... 5 2,186] 2,220) 2,178) -1.5) +19) 0.0) 1,930} 2,324 2,281 1,829 +55 1,930 1,829
Household audio and
video equipment .......... 1,382 1,437 1,370] -3.8]  +4.9] +6.7| 1,089 1,393) 1,719 1,013 475, 1,089 1,013
Communications equipment 6,657 6,672) 6,467] -0.2] 43.2) 4.6] 4,926] 9,590] 6,484) 4,155] +18.6 4,926 4,155
Electronic components 11,844) 12,577) 12,433 5.8) +12) +2. 10,790] 13,231] 12,705. 9,832 49.7 10,790 9,832
Transportation equipment . 42,382] 43,447) 43,882) -2.5 ol +1.6) 37,471] 43,123] 44,432) 37,118 +10 37,471] 37,118
Motor vehicles and parts . 28,331} 29,872) 29,780} -5.2} +03] -2.7] 26,464] 26,449) 30,401] 28,017 5.5 26,464] 28,017
Aircraft, missiles,
space vehicles, and parts. 11,950} 10,742) 11,208) +7.5 -4.2| +134) 8,905] 13,834) 11,175] 7,095} +25.5 8,905 7,095
Shipbuilding and tanks . . 802) 829) 901 33 8 2 606) 1,038) 876) 598] +13 606 598
Instruments and related products 13,486} 13,625] 13,261 1.0} 42.7] 3.4) 11,943} 14,550] 13,299] 11,000) +8.6 11,943) 11,000
Search and navigation equipment 2,770] 2,686] 2,596] +3.1]  +3.5) -12.5] 2,441 2,850] 2,633 2,180} +12.0 2,441 2,180
Measuring and controlling devices . 3,926] 3,939) 3,984) -0.3) -1d -1.5[ 3,490] 4,207) 3,977) 3,203] +9.0 3,490 3,203
Medical instruments and supplies 4,474] 4,437] 4,290] +0.8] 43.4) -1.2} 4,058} 4,888] 4,194] 3,605) +12.6 4,058 3,605
Photographic goods . 1,843) 2,075) 1,939) -11.2] +7. +15 1,522) 2,131 2,051 1,600} 49 1,522 1,600
All other durable goods 19,454] 19,716] 19,340] -1.3)  +1.9) +1.1] 16,920] 18,386] 19,342) 16,312 43.7 16,920] 16,312
Nondurable goods industries . 150,275] 151,397] 150,108] -0.7] +09] -0.2) 139,146] 146,177] 150,760] 137,381 +13] 139,146] 137,381
With unfilled orders . . . 38,825] 38,509) 37,724) +0.8) +2.1) -0.4] 35,656} 37,947) 38,679) 33,055) +79 35,656] 33,055
Food and kindred products 41,450] 41,172] 40,784} 40.7) +1.0] +14) 38,534) 40,656] 41,898] 37,003) +41 38,534] 37,003
Meat products 8,843 8,832 8,801] +01] 40.4) +16) 8,118] 8,740) 8,991 8,084, +04 8118 8,084
Dairy products 5,314] 5,352] 5,108} -0.7)  +4.8) 0 +1. 5,192} 5,322] 5,335] 4,897) +6.0 5,192 4,897
Beverages ... . 6,275 6,162} 6,126] +1.8) +0.6) -1.5} 5,359) 5,748) 5,861 4,816) +113 5,359 4,816
All other foods, except fats and oils 18,905} 18,446} 18,572] +2.5 ~0.7| +2.2) 17,752] 18,466} 19,534) 17,190) +33 17,752 17,190
Tobacco products . . 3,129) 3,217) 3,449) -2.7] -6.7| +15} 2,910) 3,148} 3,627) 3,049) 46 2,910 3,049
Textile mill products . . 7,055] 6,887) 6,912) +24 0.4] +0.8) 6,061 6,240] 6,966 5,773] +5.0 6,061 5,773
Broadwoven fabrics an
other textiles 4,255) 4,211 4,204) +1.0) 40.2) -1.7) 3,753 3,975) 4,092 3,648 42.9 3,753 3,648
Paper and allied products . 14,229] 14,380} 13,907] -1.1] +3.4) 0.7] 13,625] 13,963) 13,739] 12,769] +6.7 13,625 12,769
Pulp, paper, and
paperboard mill products . ve 5,593) 5,600} 5,560] -O.1) +0.7)  -0.2) 5,319] 5,523 5,503] 4,983 +67 5,319 4,983
Paperboard containers and boxes 3,595, 3,744) 3,509) 4.0] +6.7] 2.7) «= 3,462] 3,510) 3,443] 3,183) +8.8 3,462 3,183
Miscellaneous converted
paper products .......... 5,041 5,036] 4,838} +0.1)  +4.1) 3.6 4,844) 4,930) 4,793 4,603 45.2 4,844 4,603
Chemicals and allied products 32,493] 33,034] 32,535) -1.6] +1.5{ -0.9} 30,854] 32,087] 31,042] 31,008) 0.5 30,854] 31,008
Industrial chemicals. 15,847] 16,059} 16,078] -1.3 0.1] +02) 15,007} 15,149} 15,483] 14,960) +03 15,007] 14,960
Drugs, soaps, and toiletries. 12,526} 12,777) 12,455 2.0) +26) 1.3) 12,238] 13,542] 12,310] 12,670) 33.4 12,238] 12,670
Petroleum and coal products 13,477} 14,205] 14,786] -5.1 3.9} -3.6 12,420] 14,025] 14,869] 14,991 17.2 12,420} 14,991
Rubber and plastics products. . 12,624} 13,010] 12,596} -3.0) +3.3] -1.3] 11,701] 11,587] 12,099] 11,404] +2.6] 11,701] 11,404
All other nondurable goods . . 25,818] 25,492) 25,139) +13] +14) +04) 23,041] 24,471] 26,520) 21,384: +77 23,041) 21,384

* Preliminary. * Revised,

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