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

Seasonally adjusted Not seasonally adjusted
Industry Monthly Percent Change Monthly Percen
change
Mar. Feb. Jan.|  Feb-} Jan] Dec.~ Mar. Feb. Jan. Mar.| Mar.
1996" 1996" 1996] Mar} Feb. Jan 1996" 1996" 1996 1995] 96/95
All manufacturing industries . . 422,359 | 422,203] 421,317 00] +02] +0.7] 421,606] 424,187] 419,188] 402,074] +4.9
Manufacturing industries
with unfilled orders 2.2.2... 284,778 | 284,904] 284,524 00} +01] +09] 283,339] 285,336] 281,641] 267,102] +61
without defense capital goods 401,157] 401,208 | 400,436 00) +02)  +0.7] 400,492] 403.440] 398.967) 380,048] +54
Durable goods industries ......... | 267,597] 267,264] 266,530] 40.1] +03] —-+1.0] 266,935] 269,058] 265,160] 253,082] —+5.5
With unfilled orders vss. | 245,835] 245,309] 244,831] 40.2) +02] +81} 244,490] 246,136] 242,802] 230,888] — +5.9
Stone, clay, and glass products 8,282) 8.272) 8.242] 40.1] 404] 40.1 8388] 8,400] 8,197 8091) +3.7
Primary metals. 22,079] 21,879] 21,868] +09] +01] 40.1] 220011] 21,884] 21,888] 21,425] 42.7
Blast furnaces, steel mills. . 10,842 10,639 10,632 +19 +0.1 +09 10,647 10,653 10,799 9,990 +6.6
Iron and steel foundries Wu 1,683 1640} +17] 426] -0.7 1,762 1,692 1,626 1656] +64
Nonferrous and other primary |
metals... ...... . 9,526] 9,557] 9,596 -03 “04 07} 9,602} 9,539} 9,463] 9,779
Fabricated metal products. - | 24,729] 24,871] 24,706 0.6) +07 -03| 25,013] 25,085] 24.555] 25.458
Industrial machinery and equipment 55,231] $5,443] 55,212 04] 404] 41.7] $4640] 56,211] 55,103] 50,848
Engines and turbines... .. 3,576] 3,657] 3,731 22) 20) 0-1 3455] 3,554] 3,529] 3.837
Farm and garden machinery... . 2.781 2,751 2732} +11] +07] +14] 2.953] 3,049] 3,035] 2,92
Construction, mining and
material handling equipment .. . 6,485 6,587 6,543 1S +07 40.4 6,608 6,691 6,531 6,497 +17
Metalworking machinery ..... 6,641 6,638 6,626 0.0 +02 43.5 6,521 6,618 6,541 5,843} +11.6
Computer and office equipment . . . 12,811] 13,052] 13.012] 18] +03] +36, 12119] 13,262] 12,947] 10.422] +163
Electronic and other
electrical equipment ...... - | 47395] 47369] 47,739] 40.1 08} +07] 46,939] 47,357] 47,438] 42,376] +10.8
Electrical transmission and
distribution equipment and
industrial apparatus... . 4618] 4,659] 4,658 -09 0.0 44] 4,582] 4610] 4,568] 4,817] -4.9
Household appliances ...... . 2,661 2,738 2719 28 40.7 0.0 2,794 2,881 2,701 3,054 85
Electric lighting and
wiring equipment... . . 3,225] 3,264] 3.291 “12 -0.8 00] 3,202} 3,254 3,199 3173] +0.9
Household audio and
video equipment . . see 1,870 1,843 1806] +15] +20] +65 1,784 1,758 1,712 1368] +304
Communications equipment 15,476] 15,507] 15,773 02 17] 40.7] 15371] 15,681] 15,799] 13,609] +12.9
Electronic components . . -- | 15560] 15,464] 15,614] 40.6 10] +19] 15,249] 15,381] 15,687] 12,762] +19.5
Transportation equipment... 2... 61,248] 60,815] 60,109] 40.7] +12] 42.2] 61,410] 61,133] 59,633] 58,691] +4.6
Motor vehicles and parts ........ 12.418} 12,122] 12,131] 424 Ol} +17] 12.497] 12,247] 12.266] 12.275] +18
Aircraft, missiles,
space vehicles, and parts. ..... 44,095] 43,895] 43,215] +05] 41.6] +23] 44.025] 43,908] 42,562] 41,689] +56
Shipbuilding and tanks . . . . 1,708 1,672 1,678] +2.0 04 -10 1,743 1,709 1,662 1586] +9.9
Instruments and related products .... | 23,449] 23,207] 23,122] +1.0] +04] = +1.0] 23,241] 23,104] 22,554] 2,711] +7.0
Search and navigation equipment 5,208] 5,624 5.716] +15 -1.6] +03] 3,633 5,642 5,539 5.468] — +3.0
Measuring and controlling devices . 7707{ 7,614] 7.514] +12] #13] +13] 7,692 7,596| 7,401 6871] +119
Medical instruments and supplies 6,562 6,552 6,509 +02 40.7 42.2 6,457 6,507 6,380 5,980 +8.0
Photographic goods . . . : 2,601 2553] 2,532] +19] +08 05] 2588] 2.497] 2308] 2510) 43.1
All other durable goods ....... 25,184] 25,408] 25,532 09) 05 03] 25,293] 25,884] 25,792] 24,482] 43.3
Nondurable goods industries ++ | 184,762} 154,939] 154,787 01) 40.1] +01] 154,671] 155129} 154,028] 148,992] +3.8
With unfilled orders. . . . 38,943} 39,505] 39,693 “14 05] 40.1] 38,849) 39,200} 38,839) 36214] +73
Food and kindred products 31,658| 31,660] 31,438 0.0 +0.7 0.5] 31,355] 31,800} 31,945 30,850 +16
Meat products 4,047} 4,067} 4,028] -0.5 +06] 4120) 4,134) 3.971 3,553] +16.0
Dairy products 2,543 2,668] 2,781 “47 02] 21502] 2620) 2.730) 2,741 “8.7
Beverages... 2.0.0.0... : $,423 5390] 5.344] +0.6 “01 3,477 5,383 5,322 5,367] +2.0
All other foods, except fats and oils 17,610] 17,513] 17324] +0.6 11] 17,099] 17,488] 17,793] 17,549 -2.6
Tobacco products... . . sees 5,674] 5578] 5.570) +17 0.0] 5,782 5,960] 5,997 5,566]  +3.9
Textile mill products ......... 10,243} 10,332} 10,393 09 +06] 10,283] 10,461] 10,305} 10,106} 41.8
Broadwoven fabrics and
other textiles . . . nn 5,715 5,758] 5,763 07] 0.1 0.6 5,726] 5,848 5,761 3631) +17
Paper and allied products ...... -- | 16,753} 16,813] 16,830 04] 01 0.0| 16,853] 16,889] 16,724] 14,691] +14.7
Pulp, paper, and
paperboard mill products 7,281 7237) 7,146] +0.6 +15] 7,339] 7,305 7,146] 3,660] +29.7
Paperboard containers and boxes 4247| 4314] 4388 “1.6 14] 4247] 4334] 43342] 3.973] +69
Miscellaneous converted
Paper products . . 5,225] 5,262] 5,296 0.7 06) 0.7) 5,267] 5,250 5.236} 5,058] +41
Chemicals and allied products"... | 36288] 36075] 35935] 406) +04 0.0) 36,578] 36418] 35,910] 35,063] +43
Industrial chemicals ........... | 17,861] 17,837] 17,785] +0.1] +03 -0.6] 17,879} 18,041] 17,954) 17,106] -+4.5
Drugs, soaps, and toiletries . : 13,592] 13,418] 13,382] +13] +03] = 405] 13,456] 13.185] 12.966] 12.903} +43
Petroleum and coal products . - | 14,723) 14to] 11348] 42.7] +05] +4] 11530] 11,052} 10,927] 10.839] +64
Rubber and plastics products. . 13,987] 13,918] 13,901] +05] +01 O01} 14,224] 14,157] 13,930] 14,105] +0.8
All other nondurable goods - | 28436] 29,153] 29,372 25 07] +08] 28,066] 28,392] 28,290] 27,772) +11

” 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

320P------ +--+ 2222-22-22 eee eee eee] Shipments |-1 320

300

280

260

240 L 1 1 L 1 L il L L i 1 1 1 240
Mar May Jul Sep Nov Jan Mar May Jul Sep Nov Jan Mar

Mar. 1994 - Mar. 1996

Total Manufacturing
Ratio of Unfilled Orders and
Inventories to Shipments

\/S Ratios UO/S Ratios
2.5 3.9
a vos [4 3.8
2.3P---------------------------- 2-2-2 ee eee “us_}43.7
22P------------------------------------- = 436
21P-- 5 rr rrr rt rr rr tr re 3.5
2 3.4
1.9 3.3
1.8 3.2
1.7 3.1
1.6 3
1.5 2.9
1.4 2.8
1.3 2.7
1.2 2.6

Mar May Jul Sep Nov Jan Mar May Jul Sep Nov Jan Mar
Mar. 1994 - Mar. 1996
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
Mar. Feb. Jan. | Feb- | Jan- | Dec.- Mar. Feb. Jan. Mar. | Mar.
1996" 1996" 1996 | Mar. Feb Jan. 1996? 1996" 1996 1995 | 96/95
UNFILLED ORDERS
All manufacturing industries 479,783 | 474,936 | 474,467 | +1.0] 40.1 | +16 | 484,637 | 477.942 | 475,631 | 468,163 43.5
Market categories :
Automotive equipment . . 1,905 1,930 1,944 13] 07] 428 1,934 1,984 1,980 | 2,190 | -11.7
Home goods and apparel 9950 | 9696 | 9545] 426] +16] +07] 10028] 91521 9,082 | 10,024 0.0
Consumer staples - 1,729 1,780 1,797 29] 09 | 435 1,655 1,743 1,809 1,606 43.1
Machinery and equipment . 206,433 | 202,688 | 200,269 | +18] +12] +29 | 206,747 | 203,549 | 200,590 | 185,309 | +11.6
Business supplies .. 5,819 5,961 6,126 24 27 +03 5,840 5,915 6,061 6,180 55
Construction materials
and supplies 15,820 | 15,857 | 15,785 02] +05 | +05 | 15970 | 15.977 | 15,562 | 16,170 “12
Defense products : 106,626 | 103,419 | 103,834 | 434 -04 | +11 | 109,238 | 103,748 | 104,804 | 108,649 40.5
Other materials, supplies and
and intermediate products . 131,501 | 133,605 | 135,167 16] -12 | +02 J 133,225 | 135,505 | 135,743 | 138,035 35
Durable goods industries :
Nondefense capital goods * 225,377 | 221,229 | 218,987 | +1.9 | +1.0 | +29 | 225,465 | 222.314 | 219,702 | 204,561 | +102
Excluding aircraft and parts 101,253 | 100,903 | 99,756 | +03] +11 | 41.6 | 101341 | 101,988 | 100,471 | 96,900 +46
Defense capital goods * +» | 111,725 | 108,545 | 109.037 | +29] 0.5 | +14 | 114358 | 108,872 | 109,961 | 114,429 -0.1
Durables excluding capital goods 120,311 | 122,142 | 123,166 AS] -08 | -01 | 122,151 | 124,064 | 123,322 | 123,108 -08
Miscellaneous series :
Producers’ durable equipment .... | 240, 698 237,762 | 235,381 | +12] +1.0 | +24 | 240,945 | 238,912 | 235,739 | 220,419 493
Household durable goods... . 6054] 6019] 421] +06] 0.1 6119 | 5,951 5,829 5,905 43.6
Information technology industries, 40; 270 40,794 | 40,666 | +04] +03 | +18 | 40,442 | 40,494 | 40,095 | 38,968 43.8
Health care equipment
and products... . . 5,877 | 6,192 | 6,061 1] 422] 415 5,876 | 6,190 | 6,059 5,968 ne
TOTAL INVENTORIES
All manufacturing industries 422,359 | 422,203 | 421,317 00] +02] +07 | 421,606 | 424,187 | 419,188 | 402,074 +49
Market categories :
Automotive equipment... . 6879 | 6,727 | 6648 | 423] +124 413 7,056 | 6,932 | 6,725 6,669 45.8
Home goods and apparel 33,962 | 34,413 | 34,378 +0.1 +0.8 | 33,769 | 34,312 | 33,805 | 33,229 +16
Consumer staples ........ 60,639 | 60,337 | 60,092 +04 | +01 | 60,107 | 60,233 | 60,116 | 58,233 43.2
Machinery and equipment 107,060 | 107,204 | 106,813 1] +04 | +2.0 | 106,479 | 108,404 | 106,229 | 97,436 +93
Business supplies... . . 23,720 | 23,945 | 24,054 09} -05 | +01 | 23,779 | 23,799 | 23,497 | 23,101 429
Construction materials
and supplies ..... 26,166 | 26,259 | 26,418 04} 06] -03 | 26450 | 26,544 | 26334 | 26,128 +12
Defense products 20,782 | 20,594 | 20,492 | +09] +0.5 -04 | 20,706 | 20,368 | 19.914 | 21.354 3
Other materials, supplies and
and intermediate products . 143,151 | 142,724 | 142,422 | +03 | +0.2 | +403 | 143,260 | 143,595 | 142,568 | 135,924 +54
Durable goods industries :
Nondefense capital goods * 101,614 | 101,942 | 101,560 0.3 | +04 | +18 | 100,693 | 102,803 | 100,850 | 91,963 49.5
Excluding aircraft and parts .... | 72,172 | 72;580 | 72,665 06} 01] +13] 71,271 | 73,149 | 72,110 | 63,762 48.4
Defense capital goods * ........ 21,202 | 20995 | 20881 | +10] +05 0.0 | 21,114 | 20,747 | 20,221 | 22,026 4.1
Durables excluding capital goods 144,781 | 144,327 | 144,089 | +03 | +0.2 | +0.5 | 145,128 | 145,508 | 144,089 | 139,093 +43
Miscellaneous series :
Producers’ durable equipment 168,188 | 168,184 | 167,731 +03 | +12 | 167,571 | 169,690 | 166,853 | 157,122 46.7
Household durable goods . . . 15,251 15,345 | 15,207 40.9 +0.9 | 15,202 | 15,489 | 15,057 | 14,562 +44
Information technology industries 39,487 | 39,539 | 39,639 0.3 +18 | 38,654 | 39,818 | 39,351 34,021 +13.6
Health care equipment
and products ......... 13,959 | 13,857 | 13,795 | +07] +04 | 413 | 13,783 | 13,689 | 13,445 | 13,014 45.9

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
Mar.| Feb. Jan, | Feb.- | Jan-| Dec-| Mar.| Feb} Jan. Mar. | Mar,
1996] 1996'} 1996} Mar. | Feb.] Jan} 1996"] 1996} 1996] 1995] 96/95] 1996" } 1995
SHIPMENTS
Ail manufacturing industries 304,105} 303,812] 301,417] 40.1] +08] —-1.5] 319,301] 301,631] 271,814] 313,519] +18] 892,746] 877,452
Market categories :
Automotive equipment 14314] 14,343) -5.3) 0.2] 0.1) 14,530] 15,870] 13,183] 15,940] 8.8] 43,983] 45,312
Home goods and apparet 19,719] 18,844) +3.1] 44.6] -4.6 21,306] 19.547] 16,251] 20,391] +45] 57,104] $6,976
Consumer staples 63,173] 63,703] +1.7!  -0.81  +1.0) 64,629} 60,910] 58.975] 60,398]  +7.0} 184,514] 174,125
Machinery and equipment $6,697] $4,229] -0.2| +4.6]  -4.2! 63,142] 56,146] 45,874] 59,676] +5.8] 165,162] 157,398
Business supplies. 23,162) 22,927| +0.4| +1.0]  -0.7] 23,540] 22,760} 20,999] 22.373] +52] 67,299] 64,422
Construction materials
and supplies 18,432] 18,157} 18,649} +15] -2.6| +12) 18,640] 17,317] 16,254] 18,905] -1.4] 52,211] 53,780
Defense products... .. 6,865] 6,726] 6,727] +2.1] 0.0} -2.6) 7,324) 6,534] 5,672] 7,546) -2.9| 19,530] 20,618
Other materials, supplies and
and intermediate products 100,874] 101,864] 101,995] -1.0] -0.1} —-1.6 106,190} 102,547] 94,606] 108,290] -1.9} 303,343 304,821
Durable goods industries
Nondefense capital goods * . 44,709} 44,363] 41,704] $0.8] +64] -6.7| 51,027] 42,411] 34,084] 46,926] +8.7] 127,522] 119,216
Excluding aircraft and parts 40,055] 39,901] 37,638] +04) +6.0/  -5.3] 45,847] 38,096] 31,032] 41,263] +11.1] 114,975] 104,665
Defense capital goods* ....... 6,434) 6,277] 6,300] +25] -0.4) -0.9] 6,879] 6,032] 5,190] 7,010] 1.9] 18,101] 18,910
Durables excluding capital goods . | 112,435] 113,614] 114,122] -1.0] 0.4] -0.7] 118,413] 116,497] 104,182] 120.266] -1.5] 339,092] 339,739
Miscellaneous series :
Producers’ durable equipment .. . . | 105,048] 106,538] 103,892} -1.4] +2.5] —-2.5] 115,580] 108,132] 91,178] 113,667} +1.7] 314,890] 307,699
Household durable goods... . . 9,277) 8,741) 8,515] +61] +2.7) -2.4) 10,011 8,420} 7,355] 8,935] +12.0] 25,786] 24.308
Information technology industries 22,640] 22,910] 20,993] -1.2| +9.) -6.1] 26.359] 20,866] 16,703] 23,042] +14.4] 63,928] 56,135
Health care equipment
and products... . 9,227) 9,113) 9,042] +13) 40.8] -1.5] 9,737) 8,856} 8,639] 9,104] -+7.0] 27,232] 25,853
NEW ORDERS
All manufacturing industries 308,952] 304,281] 308,839] +1.5] -1.5]  -0.2] 325,996] 303,942] 286,088] 316,242) +3.1] 916,026] 893,847
Market categories
Automotive equipment... . . 13,523] 14,300] 14,395} -5.4] -0.7] +04) 14,481] 15,874} 13,300] 15,912) -9.0] 43,655] 45,355
Home goods and apparel 20,584] 19,871] 18,913] 43.6] +5.1)  -3.7] 21,814] 19,985] 17,327] 20,500] +64] 59,126] 58,672
Consumer staples 64,166] 63,156] 63,763] +1.6] -1.0| +1.2| 64,541] 60,843] 59,012} 60,379] +69] 184,396] 174,099
Machinery and equipment . 60,322] 59,116] 59,943] +20) -1.4/  -1.6 66,340] 59,105] 52,902] 60,217] +10.2) 178,347] 161,875
Business supplies... 2... 23,118] 22,997] 22,946] +0.5] +0.2/ 0.0) 23,464] 22,614] 21,107] 22,486] +4.3) 67,185] 64,794
Construction materials
and supplies 18,395] 18,229} 18,724] +09) -2.6 +1.8| 18,633] 17,732] 16,468] 18,834] -1.1] 52,833] 54,511
Defense products ......... 10,072] 6,311) 7,841] +59.6{ -19.5|  +0.7] 12,814] 5,479] 7,087] 9,618] +33.2| 25,380] 22,030
Other materials, supplies and
and intermediate products . 98,772} 100,301] 102,314] 1.5] -2.0]—-0.1) 103,909] 102,310) 98,885] 108,296] -4.1] 305,104) 312,511
Durable goods industries
Nondefense capital goods * 48,857] 46,603] 47,779 +48] -2.5{ 1.9 54,178] 45,023] 41,460] 47,228] +14.7] 140,661] 123,861
Excluding aircraft and parts 40,405] 41,048} 39,178] -1.6] 44.8] +14) 45.200] 39,613] 33,873] 42,225] +7.0] 118,686] 110,558
Defense capital goods * : 9,614] 5,785] 7,516] +66.2] -23.0} +49) 12,365] 4,943] 6,866] 8,934] +384) 24,174] 20,234
Durables excluding capital goods. | 110,604] 112,590] 113,943] -1.8] 1.2} -0.4) 116,500] 117,239] 108,656] 120,335] -3.2] 342,395] 348,420
Miscellaneous series :
Producers’ durable equipment . 107,984] 108,919] 109,380} -0.9] -0.4f ~— -1.3) 117,613] 111,305] 99,236] 113,962! +3.2) 328,154] 314,404
Household durable goods . . 9,403] 8,776] 8,506] +71] +32] -1.9] 10,179] 8,542] 8,065] 9,067} +12.3] 26,786] 25,016
Information technology industries 22,816] 23,038] 21,722| 1.0] 6.1] -0.6 26,307] 21,265] 17,318] 23,392) +125] 64,890] 58,174
Health care equipment
and products... 8,913] 9,243} 9,133] -3.6) 1.21 +0.1] 9,423) 8,987] 8,729] 8,753] +7.7| 27,139] 25,499

* 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 ay

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

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

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

ipparatus; communications equipment; aircraft, missiles, space vehicles, and engines


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 Mar. Feb. Jan, Dec. Mar. Feb. Jan. Dec.
1996? 1996 1996 1995 1996" 1996 1996 1995
All manufacturing industries... .. . 139 139 1.40 137 2.86 2.84 287 295
Durable goods industries fees 1.64 1.63 1.64 1.59 3.44 3.40 3.46 331
Stone, clay, and glass products... . . 1 1.13 1.10 Ld 113 1.15 1.13 114
Primary metals. a : 1357 153 152 1.50 2.00 2.00 1.98 1.96
Fabricated metal products... . 1.56 136 1.52 1.55 144 1.43 1.40 1.43
Industrial machinery and equipment 1.66 1.65 172 167 2.36 235 2.44 237
Electronic and other
electrical equipment. . 168 71 177 1.68 191 1.95 2.03 1.93
Transportation equipment : 161 161 151 12.90 12.41 12.65 1.17
Instruments and related products 1.96 1.99 1.93 3.97 3.95 3.96 3.86
Nondurable goods industries 1,10 Lil Li 1.10 0.64 0.66 0.67 0.64
Food and kindred products . 0.84 0.84 0.82 0.83, (X) es) (x) (X)
Tobacco products 1.92 1.85 1.83 1.96 (Xx) (X) (x) (X)
Textile mill products. 1.69 172 178 173 (NA) (NA) (NA) (NA)
Paper and allied products . . . . 1.28 127 125 122 (NA) (NA) (NA) (NA)
Chemicals and allied products . 1.20 119 117 117 (x) (X) () ®
Petroleum and coal products... . . 0.78 0.80 0.82 0.84 (X) (Xx) & &®
Rubber and plastics products... . . 139 139 142 139 (Xx) &) () &)

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

* Excludes the following industries with no unfilled orders : Wood and lumber products; glass containers; metal cans, barrels and drums; farm and garden machinery;
motor vehicle assembly operations; other transportation equipment; foods and related products; tobacco; knitting mill products; apparel and related products; chemicais;
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
Mar. Mar, Mar. Mar.
Mar? | 1995- Mar.? | 1995- Mar? | 1995- Mar.’ | 1995-
Mar.' | 1991-| Feb, | Mar. | 1991- | Feb. | Mar.' | 1991-] Feb. | Mar.’ | 1991- | Feb.
1996 | 1995] 1996 | 1996| 1995 | 1996 | 1996 | __ 1995 | 1996 |_1996 | _ 1995 |_1996
All manufacturing industries... . (x) O1 02 re.9) O1 03 (X) 0.0 0.1 (xX) 0.0 01
Durable goods industries .......... 02 02 02 Ld 03 04 02 0.1 0.1 & 0.0 01
Stone, clay, and glass products (X) 07 0.6 (X) 12 10 fon) 05 06 &) 01 02
Primary metals... ...... oo 0.0 03 04 04 06 09 0.2 03 04 (X) 01 02
Fabricated metal products . . oe (xX) 02 03 (xX) 03 04 (xX) 03 03 (X) 02 0.2
Industrial machinery and equipment 03 04 04 03 04 06 -03 02 02 &) o1 ol

Electronic and other

electrical equipment ...........) 01 02 03 0.2 06 06} 02 02 03 (X) 01 01
Transportation equipment .... . . 04 05 06 5.1 12 12 08 01 02 & 0.0 03
Instruments and related products... . (%) 02 04 9) 05 08 &) 01 02 & 0.0 ol
Nondurable goods industries ....... X) O41 0.1 (xX) O1 01 (xX) 03 03 (X) O01 0.1
Food and kindred products : 8 0.2 0.1 (X) (xX) (X) (X) ea) 00) (X) 0.1 0.2
Tobacco products. . vives &) 05 On &) &) &) & &) (X) fe) Ol 0.0
Textile mill products. & 03 03 (x) | aay | (NA) (x) | NA) | (A) (x) 0.2 Ot
Paper and allied products & 02 02 (X)] (NA) | (NA) (| (NA) | (NA) () 02 03
Chemicals and allied products &) 03 02 &) &) & &) ) &) & 01 03
Petroleum and coal products . (xX) 02 02 (xX) (xX) (X) (X) (X) (X) (x) 0.1 02
Rubber and plastics products... (x) 03 02 (x) &) & &) (X) & &) 0.1 o1

Capital goods industries
Nondefense 03 03 0.4 48 0.5 0.7 1.0 0.1 0.1 (X) 0.0 0.2
Defense . 04 04 08 6.8 16 47 07 O41 02 (x) 02 03

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

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

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


VURKRENT INUUSIRIAL REPORTS

rw
By

U. S. Department of Commerce

Economics and Statistics Admi
BUREAU OF THE CENSUS

Manufacturers’ Shipments,
Inventories, and Orders

March 1996
M3-1-(96)-3
For Wire Transmissions 10:00 a.m. E.D.T. May 2, 1996

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

Summary

New orders for manufactured goods in March increased $4.7 billion
or 1.5 percent to $309.0 billion, the Department of Commerce, Bureau of the
Census reported today. This follows a 1.5 percent February decline and is
the first increase since December. Excluding transportation, new orders
decreased 0.3 percent, the first decline since November. Year to date, new
orders are 2.2 percent above the same period a year ago.

Shipments, up for the second consecutive month, increased $0.3
billion or 0.1 percent to $304.1 billion, following a 0.8 percent February
increase. Year to date, shipments are 1.6 percent above the same period a
year ago

Unfilled orders, up for the seventh consecutive month, increased $4.8
billion or 1.0 percent to $479.8 billion, following a 0.1 percent February
increase. The unfilled orders-to-shipments ratio was 2.86, up from 2.84 in
February.

Inventories increased $0.2 billion to $422.4 billion, the eighteenth
consecutive monthly increase and the twenty-fifth in the last twenty-seven
months. The inventories-to-shipments ratio was 1.39, unchanged from
February,

New Orders.

New orders for manufactured durable goods in March increased $4.1
billion or 2.5 percent to $169.1 billion, revised from the previously published
14 percent increase. This follows a 2.5 percent February decline and is the
first increase since December. Excluding transportation, new orders
decreased $1.4 billion or 1.1 percent to $125.7 billion, the first decrease
since November.

Transportation equipment, up for the first month since December, had
the largest increase, $5.5 billion or 14.5 percent to $43.4 billion, as a large
increase in aircraft and parts more than offset a decline in motor vehicles
and parts. This follows a 12.4 percent February decrease. Electronic and
other electrical equipment, up for the first month since December, increased
$1.2 billion or 4.6 percent to $28.0 billion, following a 2.1 percent February
decline. Stone, clay and glass products, up four of the last five months,
increased $0.1 billion or 1.9 percent to $7.4 billion, following a 2.9 percent
February decrease. Industrial machinery and equipment, down for the first
month since December, decreased $1.5 billion or 4.4 percent to $32.8 billion.
This follows a 4.5 percent February increase. Instruments and related
products, down two of the last three months, decreased $1.1 billion or 8.8
percent to $11.3 billion, following a 5.4 percent February increase. Primary
metals, down for the fifth consecutive month, decreased $0.6 billion or 4.3
percent to $13.8 billion, following a 0.1 percent February decrease.

New orders for nondurable goods, up five of the last six months,
increased $0.6 billion or 0.4 percent to $139.9 billion, following a 0.2
percent February decrease. Increases in petroleum and coal products and
printing and publishing more than offset a large decrease in paper and allied
products.

Shipments

Shipments of durable goods in March decreased $0.7 billion or 0.4
percent to $163.6 billion, revised from the previously published 0.6 percent
decrease. This follows a 1.3 percent February increase and is the second
decrease in the last three months.

Transportation equipment, down two of the last three months, had the
largest decrease, $1.3 billion or 3.5 percent to $36.5 billion, due to motor

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

vehicles and parts, This follows a 1.2 percent February increase. Industrial
machinery and equipment, down two of the last three months, decreased $0.3
billion or 0.9 percent to $33.2 billion, following a 4.6 percent February
increase. Primary metals, down for the sixth consecutive month, decreased
$0.2 billion or 1.1 percent to $14.1 billion. Instruments and related products,
down two of the last three months, decreased $0.1 billion or 1.2 percent to
$117 billion, Electronic and other electrical equipment, up four of the last
five months, increased $0.5 billion or 1.7 percent to $28.1 billion, following
2.5 percent February increase.

Shipments of nondurable goods, up four of the last five months,
increased $1.0 billion or 0.7 percent to $140.5 billion, following a 0.3
percent February increase. Petroleum and coal products, up for the fifth
consecutive month, had the largest increase, $0.7 billion or 5.2 percent to
$15.0 billion. Printing and publishing also increased.

Unfilled Orders

Unfilled orders for durable goods in March increased $5.5 billion or
1.2 percent to $457.4 billion, revised from the previously published 1.0
percent increase. This follows a 0.2 percent February increase and is the
seventh consecutive monthly increase.

Transportation equipment, up for the fifth consecutive month, increased
$6.9 billion or 3.3 percent to $218.6 billion, due to aircraft and parts. This
follows a 0.1 percent February increase and is the largest since the matching
3.3 percent December 1989 increase. Industrial machinery and equipment,
down for the first month since December, decreased $0.5 billion or 0.6
percent to $73.8 billion, This follows a’1.0 percent February increase.
Primary metals decreased $0.4 billion or 1.2 percent to $28.3 billion,
following a 0.4 percent February increase. Instruments and related products,
down for the first month since September, decreased $0.3 billion or 0.7
percent to $46.3 billion. Electronic and other electrical equipment, down
four of the last five months, decreased $0.1 billion or 0.2 percent to $53.9
billion, following a 1.6 percent February decrease.

Inventories

Inventories of durable goods in March, up for the eighteenth
consecutive month, increased $0.3 billion or 0.1 percent to $267.6 billion,
following a 0.3 percent February increase. Transportation equipment, up for
the third consecutive month, had the largest increase, $0.4 billion or 0.7
percent to $61.2 billion, following a 1.2 percent February increase,
Instruments and related products, up for the tenth consecutive month,
increased $0.2 billion or 1.0 percent to $23.4 billion following a 0.4 percent
February increase. Primary metals, up for the fourth consecutive month,
increased $0.2 billion or 0.9 percent to $22.1 billion, following a 0.1 percent
February increase. Industrial machinery and equipment, down for the first
month since June, decreased $0.2 billion or 0.4 percent to $55.2 billion.
Fabricated metal products, down seven of the last eight months, decreased
$0.1 billion or 0.6 percent to $24.7 billion.

Inventories of nondurable goods decreased $0.2 billion or 0.1 percent
to $154.8 billion, following three consecutive increases. A decline in
printing and publishing and apparel and related products more than offset
increases in petroleum and coal products and chemical and allied products.

By stage of fabrication, March finished goods decreased 0.3 percent in
durables and increased 0.4 percent in nondurables. Work’ in process
increased 0.4 percent in durables and declined 0.2 percent in nondurables.
Materials and supplies increased 0.2 percent in durables and decreased 0.7
percent in nondurables.

OUR INTERNET ADDRESS IS:_http://www.census.gov/ftp/pub/indicator/www/m3prel.html

‘The advance report on durable goods for April is scheduled for May 24, 1996 at 8:30 a.m. and the full report on June 4, 1996 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 1
New Orders and Shipments
Three Month Moving Averages

Billions of Dollars

52

pot tt tt rt te te ee ee ee ee ee ee ee ee ee ee ee New Orders |—4 52

‘Shipments

Mar May = Jul Sep Nov Jan Mar May Jul Sep Nov Jan Mar
Mar. 1994 - Mar. 1996

Defense Capital Goods
New Orders and Shipments
Three Month Moving Averages

Billions of Dollars

11

10

9

1
New Orders

poo rere eee ee eee +--+ -------- ——" | 10
Shipments

Pe 49

n L n n n J n L n 1 n n Ld 5

Mar May Jul Sep Nov Jan Mar May Jul Sep Nov Jan Mar
Mar. 1994 - Mar. 1996

Note: All Charts based on seasonally
adjusted current dollars.

= U.S. GOVERNMENT PRINTING OFFICE: 1996 404-450/20074


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
Mar. Feb, Jan, | Feb- | Jan- | Dec. Mar. Feb. Jan, Mar. | Mar.
1996" 1996 1996 | Mar. | Feb. Jan. 1996" 1996" 196 1995 | 96/95
MATERIALS AND SUPPLIES
All manufacturing industries 138,644 | 138,931 | 138,692 02] +02 | +05 | 137,467 | 139,287 | 139,498 | 131,163 44.8
Durable goods industries . . 82,039 | 81,901 | 81,560 | +02] +04] +08] 80,818 | 82,163 | 92,255 | 75,656 +68
Stone, clay, and glass products . 2/812 821 2:801 03} +07] +08 785 2/824 2,809 2,693 434
Primary metals -... 2.0... 6.735, 6,754 6,736 03) +03 | +03 6.537 6,697 6,835 6.545 0.1
Fabricated metal products 2.2. 2: | 8,758 8,741 8576 | +402] +19 | +22 8,739 8,779 8,664 8712 +03
Industrial machinery and equipment 18,825 | 18885 | 18.767 03 | 406 | +05 | 18341 | 195111 | 18898 | 17/008 +78
Electronic and other
electrical equipment 16,415 | 16,362 | 16,400 | +03 0.2 -0.6 | 16223 | 16,292 | 16462 | 14,224 | +141
Transportation equipment : 10,513 | 10,424 | 10,422 | +09 00) +41 | 10540 | 10.458 | 10.418 | 10267 42.7
Instruments and related products . . | 7,496 7,407 7339} +12] +09] 413 TA56 7,354 7,332 6,767 | +10.2
Lumber, furniture and
miscellaneous durable goods . 10,485 | 10,507 | 10,519 02} -0.1 -0.7 | 10,197 | 10,648 | 10,837 9,440 +8.0
Nondurable goods industries 56,605 | $7,030 | $7,132 0.7 +0.1 | 56,649 | 57,124 | $7,243 | 55,507 42.1
Food and Kindred products 10,627 | 10,666 | 10,555 -0.4 20.1 | 10,731 | 10,797 | 10,872 | 10,232 +49
Tobacco products ........... 5. 4,797 4771 3723 | 40.5 +02 | 4/931 5,061 5,084 4783 431
Textile mill products . 2,953 3,013 3,026 -2.0 +0.1 2952 3,052 2/996 2.935 +06
Paper and allied products 7/323 7973 8,023 -19 “16 7/825 7/967 77949 7356 +36
Chemicals and allied products 11,706 | 11,653 | 11,658 | +05 +0.5 | 11,660 | 11,610 | 11619 | 11510 413
Petroleum and coal products 3,988 | 3,527 3362 | +17 +17 3,557 3378 1375 345 +42
Rubber and plastics products 4917 4973 4971 “Ll -0.2 4,915 5,003 4947 5,289 oat
Apparel, printing and publishing
and leather goods ......... 10,194 | 10,454 | 10,614 25 +09 | 10,078 | 10,256 | 10,401 9,787 43.0
WORK IN PROCESS
All manufacturing industries 137,812 | 137,451 | 137,121 40.3 | 40.2 | +11 | 137,535 | 137,428 | 135,696 | 131,041 $5.0
Durable goods industries . 112,883 | 112,474 | 112,089 | +04] +03 | +12 | 112,696 | 112,620 | 110,741 | 106,877 +54
Stone, clay, and glass products . . |. 1327 1,325 1300} +02] +19] +05 1392 371 1258 303 +68
Primary metals ~....... 81449 8,383 8400 | +08] -02 | +04 8513 81346 8,330 8,018 +62
Fabricated metal products . 7531 7,590 7,603 08] -02 -3.0 7,590 7592 7,575 8,033 “55
Industrial machinery and equipment 20,274 | 20,441 | 20,263 087 +09 | 421 | 19936 | 20330 | 19716 | 18,781 +61
Electronic and other
electrical equipment ...... - | 18,057 | 17,821 | 18,158 | +13] -19 | +18 | 18,099 | 17,922 | 1siss | 16,634 +88
‘Transportation equipment... . |. 42,380 | 42,211 | 41,634 | +04] +14 | +16 | 42360 | 42/305 | 41286 | 39°796 +64
Instruments and related products 9949 | 9.722 9713 | 423] +01 | +09 | 91867 9,740 9.431 209 +71
Lumber, furniture and
miscellaneous durable goods . 4916 | 4,981 5,018 -13 07] +09] 4,939 5,005 4,990 5,103 3.2
Nondurable goods industries 24,929 | 24,977 | 25,032 02] -02 | +09} 24,839 | 24,808 | 24,955 | 24,164 42.8
Food and Kindred products 272 4,280 | 4,279 -0.2 0.0 | +12] 4254 | 4)268 485, 4,050 +5.0
Tobacco products ..... . 185 170 193 | +88] -11.9 05 165 173 210 153 +78
Textile mill products : 2,738 2,734 2,770 | +0.1 -13 -05 2,745 2,734 2,779 2,662 43.1
Paper and allied products 1,609 1615 1,622 “0.4 04 | 425 1,603 1,601 1,621 1332 | +203
Chemicals and allied products 5,812 5,819 $774 -O1] +08] +10 $772 827 5,738 $371 475
Petroleum and coal products 2,375 2,240 2,338 +6.0 42 +21 2,361 2,174 2,266 2,229 +5.9
Rubber and plastics products 2065 2/038 3023 | +13] +07 | +403 2,048 2,068 | 2,062 2,026 401
Apparel, printing and publishing
and leather goods ........ 5,873 6,081 6,033 34] +08} +05 5,891 5,963 5,794 6,341 Pal
FINISHED GOODS
All manufacturing industries 145,903 | 145,821 | 145,504 | +01 | +02] +04 | 146,604 | 147,472 | 143,994 | 139,870 +48
Durable goods industries wee 72,675 | 72,889 | 72,881 -03 0.0 | +09 | 73,421 | 74,275 | 72,164 | 70,549 +41
Stone, clay, and glass products’ | 4143 4126 | 414) +04] 04 -0.5 4211 4,205 4,130 ,095 +28
Primary metals ~. 2... . 6,895 6,742 6732 | +23 | +01 “05 6,961 6.841 6,723 6,862 414
Fabricated metal products. . 8.440 8,540 8,527 12] +02 -02 8,684 8.714 8,316 8,713 -03
Industrial machinery and equipment 16,132 ] 16117 | 16.182 |  +0.1 04 | 425 | 16363 | 16,761 | 16,489 | 15,059 48.7
Electronic and other
electrical equipment . . 12,923 | 13,186 | 13,181 2.0 00} +08 | 12617 | 13,143 | 12,821 | 11,518 495
Transportation equipment 8355 81180 8053 | +21] +16] +26 8,510 370 7929 8,628 -14
Instruments and related products . - 6,004 6,078 6,070 A2{ +01] +07 5918 6,010 5,791 3,735 $3.2
Lumber, furniture and
miscellaneous durable goods . . . . 9,783 9,920 | 9,995 14] 08 -0.4 | 10,157 | 10,231 9,965 9,939 42.2
Nondurable goods industries . . 73,228 | 72,932 | 72,623 | +04] +04 -02 | 73,183 | 73,197 | 71,830 | 69,321 +56
Food and kindred products 16,759 | 16,714 | 16.604 | +03] +0.7 -12 | 16370 | 16,735 | 16,588 | 16,568 -12
Tobacco products. 692 637 654 | +86] -26 14 686 72 703 630 +89
Textile mill products’: 4,552 | 4,585 4,597 07]  -03 “Ll 4586 | 4,675 | 4,530 | 4,509 417
Paper and allied products . | | 7321 77225 7185 | +13] +06) +13 7425 77321 7154 5,803 | +28.0
Chemicals and allied products * | 18,770 | 18,603 | 18503 | +09] +05 0.6 | 19,146 | 18981 | 18553 | 181182 +53
Petroleum and coal products... |. 3,760 5,643 5.448 | +21] +36] +09 5,612 5,500 5.286 3195 +80
Rubber and plastics products 7,005 6,907 6,907 | +14 0.0 02 7261 7,086 | 6.921 6,790 +69
Apparel, printing and publishing
and leather goods ............. 12,369 | 12,618 | 12,725 2.0} -08 | +09 | 12,097 | 12,173 | 12,095 | 11,644 43.9

* 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
Mar. Feb. Jan. Feb.- Jan.- Dec.- Mar. Feb. Jan. Mar. Mar.
1996" 1996" 1996 Mar. Feb. Jan. 1996" 1996" 1996 1995 96/95
All manufacturing industries 479,783] 474,936| 474,467] +1.0] +01 +1.6| 484,637] 477,942] 475,631] 468,163 43.5
Manufacturing industries
without defense capital goods 368,058 | 366,391] 365,430 405 +03 +1.7] 370,279] 369,070] 365,670] 353,734 44.7
Durable goods industries 457,413 | 451,916} 451,190 +12 +0.2 +16] 461,974] 455,250] 452,985] 442,098 +4.5
Stone, clay, and glass products 7,991 8,000 8,025 -0.1 03 +03 7,986 8,125 1,774 7,904 +10
Primary metals + . 28,257 28,609 28,506 12 +0.4 0.1 30,149 29,797 28,880 31,069 3.0
Blast furnaces, steel mills 11,990 12,304 12,463 2.6 -13 +02 12,937 13,019 12,605 12,588 +28
Iron and steel foundries 4.013 3,989 3,747 +06 +6.5 42.7 4,113 4,073 3,778 3,951 +41
Nonferrous and other primary
metals 12,254 12,316 12,296 0.5 +0.2 13 13,099 12,705 12,497 14,530 98
Fabricated metal products : 20,943 | 21,006] — 20,969 -03| +02 -0.1| 21,105] 24,085] 20,899] 21,317 “1.0
Industrial machinery and equipment 73,760 74,223 73,491 -0.6 +1.0 +10 73,807 75,417 74,324 71,753 42.9
Engines and turbines . 10,293 10,578 10,552 2.7 +0.2 +1d 10,074 10,692 10,852 9,910 +17
Construction, mining and
material handling equipment 8,894 8,998 8,580 12 +49] 404 9,259 9,252 8,713 8,000] +15.7
Metalworking machinery 10,029] 10,001 9.755 +03 42.5 42.1] 10,029] 10,001 9,755| 10,661 59
Computer and office equipment 11,087] 11,261] 11,523 “15 23 -13{ 10544] 10,963} 10972] 11,901] -11.4
Electronic and other
electrical equipment... . 53,885 53,992 54,871 02 16 +0.7 53,508 54,655 55,366 50,320 +63
Electrical transmission and
distribution equipment and
industrial apparatus .. . . 5,871 5,798 5,684 +13 +2.0 08 5,873 5,818 5,685 6,028 -2.6
Electric lighting and
wiring equipment 4,019 4,002 3,954] 404] 412] +29 4,019 4,002 3,954 3874] 43.7
Communications equipment 18,770 18,144 17,888 43.5 +14 +36 18,745, 18,131 17,849 16,179 +15.9
Electronic components 20,270 21,050 22,384 37 6.0 2.9 19,946 21,497 22,735 18,778 46.2
Transportation equipment 218,610} 211,709} 211,596 43.3 +0.1 42.9] 221,067] 211,893] 212,164] 204,234 +8.2
Aircraft, missiles,
space vehicles, and parts. 189,964] 182,548] 181,866] +41) +04] 42.8] 192,136] 182,554] 182,392] 171,718] +11.9
Shipbuilding and tanks . . 16,715] 16,976] 17,253 “1S -16{ +53] 16,772] 16.920] 17,162} 18868] -11.1
Instruments and related products 46,330 46,676 46,082 0.7 +13 +03 46,893 46,999 46,491 47,617 “AS
Search and navigation equipment 29,253 | 29,263] 28,902 oo} +12 -0.5| 29,739] 29597] 29,339] 31,128 45
Measuring and controlling devices 10,191] 10,360] 10,353 -16] +01] +24] 10,191] 10,360] — 10,353 9653) +56
Medical instruments and supplies 5,850 6,164 6,034 “5.1 422| 415 5,850 6.164 6,034 5,938 15
All other durable goods ....... 7,637 7,701 7,650 08 +0.7 0.5 7,459 7,279 7,087 7,884 “5.4
Nondurable goods industries . 22,370 23,020 23,277 2.8 “ll +13 22,663 22,692 22,646 26,065 13.1

? Preliminary. ‘ Revised.

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


Table 2, VALUE OF MANUFACTURERS’ NEW ORDERS FOR INDUSTRY GRO!
¢

Millions of dollars)
Seasonally adjusted Not seasonally adjusted!
Monthly Percent Change Monthly Percent Year to date
Industry change

Mar. Feb. Jan. | Feb-| Jan-| Dec.- Mar. Feb. Jan. Mar. Mar.
1996” 1996" 1996 | Mar. | Feb. Jan. 1996” 1996" 1996 1995 | 96/95 1996" 1995

All manufacturing industries .... . | 308,952/ 304,281] 308,839] +1.5] -1.5] 0.2) 325,996] 303,942) 286,088| 316,242] +31] 916,026] 893,847
Manufacturing industries

with unfilled orders... 6.0.2... 172,561] 167,950] 172,646] +27} -2.7|_ -0.4) 185,351] 167,168} 160,905] 176356] +5.1] 513,424] 493,579
without defense capital goods . 299,338] 298,496] 301,323] +0.3] -0.9} _—-0.3} 313,631} 298,999] 279.222] 307308] +2.1] 891.852] 873.613
Durable goods industries... . . 169,075} 164,980] 169,238] +2.5]  -2.5) -0.6| 183,043] 167,205] 156,982] 176,497] +3.7| 507,230] 492,515
With unfilled orders... . 138,323] 133,467] 137,523] +3.6{  -2.91  -0.7} 150.182] 132,930] 128,123] 141,002) +65] 411.235] 391/434
Stone, clay, and glass products 7.443) 7,304] 7,520] +19) -2.9] +12) 7,183 7104] 6,569} 6,755] +63] 20,856] 20,065
Primary metals... . . 13,754] 14,372) 14,390) 43] -0.1)  -2.8) 15,1711 15,601] 15,105] 16,873{ -10.1| 45.877] 49,292
Blast furnaces, steel mills .......] 5,579} 5,877] 6,143| -5.1]-4:3) -4.3) 6.129] 6.705] 6.852} 7,402} -17.2| 19,686] 21/539
Iron and steel foundries ....... 1,307] 1,533] 1,397) -14.7] +97] +10.0/ 1,406] 1,640] 1461] 1,402] +03] 4'507) 4.355
Nonferrous and other primary

metals 6,868] 6,962] 6,850] -1.4] +16) -3.7] 7,636 7,256 6,792] 8,069] -5.4] 21,684] 23,398

Fabricated metal products : coos 15,785] 15,984] 16,220) -1.2] -1.5{ +34) 16,645} 16,238] 15,001] 16,655 01 47,884] 47,969
Industrial machinery and equipment 32,758] 34,266] 32,792) -4.4) 44.5] +3.2| 37,348) 33,856] 28,814] 35,741 +4.5] 100,018} 93,806

Engines and turbines... . . 1,579] 1,895} 1,979) -16.7] 4.2} +286 1,490] 1,676] “1:505] 1.761] -isa] —a’67t| 4.735
Construction, mining and

material handling equipment 3,385] 3,788] 3,425] -10.6] +10.6 -9.0 3,866 4,065] 3,350] 3,771] +25} 11,281] 10,601
Metalworking machinery . 3,513) 3,790] 3,463) -7.3) +94) +19.6f 3.757] 3,710] 2,875] 3.948] -48} 10.342] 10,582
Computer and office equipment ...] 9,645] 10,016] 8.725] -3.7| +1481 3.4) 12,140] 9.007] 6222| 10,612] +144] 27369] 24.031

Electronic and other
electrical equipment : 28,033] 26,799] 27,381] +4.6]  -2.1) -0.6 28,542] 26,006] 26,176] 27,159] +51] 80,724] 76,249

Electrical transmission and
distribution equipment and

industrial apparatus . . os 2,850} 2,870) 2,787) -0.7), +3.0) -2.1 3,094) 2,971 2,484) 3,112) -0.6 8,549 8,850
Electric lighting and

wiring equipment ces a 1,986) 1,979} 2,049] +0.4) -3.4) +01 2,134; 2,052) 1,846] 2,078) 42.7 6,032 6,042
Communications equipment . 7,644) 6,975 6,932) +9.6) +0.6, +64) 8,278] 6,393] 5,696] 7231) +145 20,367] 17,488

Electronic components
Transportation equipment
Aircraft, missiles,

10,160] 9,482] 10,036} +7.2 5.5] -5.8] 9,849} 9,380] 10,995] 9,751 +10 30,224) 29,771
43,382] 37,900} 43,286] +14.5] -12.4| -3.0) 48,438] 40,643] 40,245] 44,351 +9.2) 129,326] 122,547

space vehicles, and parts. ..... 15,632) 8,372| 12,193) +86.7} -31.3] -13.3] 18,520} 7,525] 11,073] 10,603] +74.7 37,118] 25,119
Shipbuilding and tanks . . . 529) 577 1,687] -8.3] -65.8) +114.9] 693) 601 1,598) 479) +44.7 2,892 2,455
(nstruments and related Products .. 11,320) 12,406] 11,770} 8.8] +5.4)—-3.8) 12,293] 12,014] 10,433] 11,755 +46 34,740] 33,272
Search and navigation equipment . 2,356] 2,822) 2,341] -16.5] +20.5] -16.7} 2,686] 2,706) 1,954) 2,819) AT 7,346 6,992
Measuring and controlling devices 3,614) 3,841 3,923 -5.9| 2.1 6.3] 3,973) 3,761 3,595) 3,842, 43.4 11,329} 11,132,
Medical instruments and supplies 2,940) 3,382] 3,224] -13.1] +4.9) 42.2) 3,161 3,343] 2,982] 2,942) 474 9,486 8,872
All other durable goods .......... 16,600] 15,949] 15,879] +4.1) +04) -1.5] 17,423] 15,743] 14,639] 17,208 +12 47,805] 49,315
Nondurable goods industries . 139,877} 139,301} 139,601]  +0.4| 0.2) +0.3) 142,953} 136,737} 129,106] 139,745] +23) 408,796} 401,332

With unfilled orders 34,238] 34,483) 35,123) -0.7| -1.8] +0.5] 35,169] 34,238] 32,782] 35,354 0.5} 102,189] 102,145

? 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
nerease 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,
vhich includes errors of coverage, response, and nonreporting. Since the survey panel is not a probability sample, estimates of sampling error cannot be calculated. Further
letails 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

Mar.| Feb.| Jan. | Feb-| Jan-| Dec-| Mar] Feb. | Jan. | Mar. | Mar,

1996" 1996" 1996 | Mar. | Feb. Jan. | 1996" 1996" 1996 1995} 96/95 1996” 1995

All manufacturing industries .... . | 304,105] 303,812| 301,417] +0.1] +08} — -1.5] 319,301} 301,631] 271,814] 313,519] +1.8] 892,746] 877,452
Manufacturing Industries
with unfilled orders 167,714} 167.481] 165,224] +0.1] +14] -2.7| 178,656] 164,857} 146,631] 173,633] 42.9] 490,144] 477,184
without defense capital goods... . | 297,671] 297,535] 295.117] 0.0] +0.8| -1.5] 312.422| 295,599] 266,624] 306,509] +1.9] 874,645] 858/542
Durable goods industries . 163,578] 164,254] 162,126 0.4 +13] 2.3] 176,319) 164,940} 143,456} 174,202] +12) 484,715] 477,865
With unfilled orders : 132,826] 132,741] 130,411] +0.1] +1.8| -2.8] 143,458] 130,665] 114,597] 138,707] +3.4) 388,720] 376,784
Stone, clay, and glass products... .] 7,452) 73329] 7498| +17] -23) +13) 73221 6.753] 6435] 6951] +53] 20,510] | 19,675
Primary metals -| 14,106) 14,269] 14,422) -La} 4-12} 14,819] 14,684] 13,707] 16,123] -8.1] 43,210] 46,082
Blast furnaces, steel mills... 5.893] 6,036] 6,114] -24) -1.3] 40.2) 6.211] 6.291] 5.916] 6,918} -10.2] 18,418] 19,602
Iron and steel foundries ........] 1,283] 1.291] 1,299 -0.6]  -0.6  -1.6] 1,366] 1,345] 1.223) L419] 3.7] 3.934] 4,091
Nonferrous and other primary
metals 0... ee 6,930] 6,942] 7,009} -0.2) -1.0] -2.2} 7,242] 7,048] 6,568] 7,786] -7.0] 20,858] 22,389
Fabricated metal products - +] 15,848] 15,947] 16,232] -0.6] -1.8] +1.9] 16,625] 16,052] 14,793] 16,547] +0.5] 47,470] 47,144
Industrial machinery and equipment | 33.221) 33,334] 32,058) -0.9] +46] -1.5) 38,958] 32,763] 26,892] 35,220] +106] 98613] 89.240
Engines and turbines ..| 1864] 1,869] 1861] -0.3] +0.4f +7.) 2,108] 1,836 1,512) 1.999] +55] 5.456] 5,449
Farm and garden machinery 1,932] 1,937] 1,906} -0.3) +16] +491 2,632) 2,348] 1,714) 2,524] 44.31 6,694] 6,436
Construction, mining and
material handling equipment ....] 3,489] 3,370 3,392| 43.5 -7.3] 3,859] 3,526] 3,096] 3,435] +123] 10,481] 9,600
Metalworking machinery - | 3.485] 3:44] 3.258] -1.7] -3.2] 3,729] 3,464] 2,670] 3.539] +54] 9.863] 9,498
Computer and office equipment 9,819} 10.278} 8.877) -4:5 -3.9] 12,559} 9,016] 6.473) 10,641] +180] 28,048] 23,330
Electronic and other
electrical equipment wee 28,140} 27,678) 27,013) +17 +25) -4.5] 29,689] 26,717] 23,570) 26,568) +11.7 79,976 72,061

Electrical transmission and
distribution equipment and

industrial apparatus . . . 2,777] 2,756] 2,832] +08] -2.7] 3.0 3,039] 2,838] 2,478) 3,202] -5.1] 8,355] 8,568
Household appliances... 2... 2,033] 1/928] 1,935) +54] -0.4] 40.7} 2,212] 1.827] 1.653) 2,009] +101] 5,692] 5,441
Electric lighting and

wiring equipment . .. . ..] 1,969] 1,931] 1,938] +2.0]  -0.4f +0.) 2,117] 20041 1,735] 2,076] +2.0] 5,856] 5,811
Household audio and

video equipment ........... 1,195] 1,171] 1,109] 42.0] +56 -7.8) 1,133] 1,066] 906] 1,057] +72] 3,105} 3,006
Communications equipment .....] 7018} 6.719] 6306] +4.3| +63] -10.7| 7,664) Git] 5,104] 6,328) +211] 18,879] 16,313
Electronic components ..... . 10,940] 10,816] 10,708] +1.1] +101 -3.1] 11,400] 10,618] 9,828 9.798] +164} 31,846] 26,925,

Transportation equipment .........| 36,481] 37,787] 37349] -3.5| +12} -4.1] 39.264] 40,914] 33,550] 43,438} 9.6] 113,728] 121,487
Motor vehicles and parts... 25,181] 27.197] 27,517] -7.4| -1.2} 0.0] 26,957] 30,685] 25,642] 30.988] -13.0] 83,284] 88,542
Aircraft, missiles,

space vehicles, and parts. .....] 8,216 7,690] 7,233] +6.8| +63] -13.0] 8,938] 7,363] 5,610] 9,183) -2.7] 21,911) 24,293
Shipbuilding and tanks... 2... 790| ‘ssa 815] 7.5] +4.8| 40.5) sat] 843-690) 942} 10.7] 2,374) 2,526
Instruments and related products ....] 11,666] 11,812] 11,636] -1.2| +15) -2.1] 12,399] 11,506] 10,310] 12,341] +0.5] 34,215] 33,673
Search and navigation equipment .| 2.366] 2.461] 2,480] -3.9] -0.8) +2.1] 2.544] 2,448] 2,102 2,841) -105) 7,094] 7,571
Measuring and controlling devices .| 3,783] 3,834] 3,676 -1.3] +43] -1L.7] 4,142] 3,754] 3,348] 4.074] +1.7] 11,244] 10,728
Medical instruments and supplies 3.254] 3,252] 3,133) +0.1] +38] -22} 3,475] 3,213] 2,891] 3,293] +55] 9,579) 9.226
Photographic goods... . . 1,839] 1,859] 1,928) 1.1] -3.6 +154] 1,802) 1711] 1.597] 1,728] +43] 5,110] 5,014
All other durable goods .......... 16,664] 15,898] 15,918] +48] 0.1] -2.5] 17,243] 15,551] 14,199] 17,014] +13} 46,993] 48,494
Nondurable goods industries .......| 140,527] 139,558] 139,291] +0.7] +0.2} —-0.5 142,982] 136,691] 128,358] 139,317] +2.6| 408,031] 399,587

With unfilled orders... . -| 34,888] 34,740] 34,813] +0.4]  -0.2)  -2.4] 35,198] 34,192) 32,034] 34,926] —+0.8] 101,424] 100,400
Food and kindred products ........| 37,804] 37,816] 38,260] 0.0] 1.2) +1.1] 38,401] 36.933] 35.278] 36,681] +4.7] 110,612] 105,348
Meat products ...... 8,930] 8,701] 8,655 +2.6] +0.51 -2.7| 8,859] 8,431] 8,089] 7,983] +110] 25,379] 23,504
Dairy products 4826] 4:803] 4977] +0.5| -3.5] +03] 4.923] 4,724] 4,714] 4,803] 42.5] 14361] 13,981

Beverages... 0.00... ‘1 s603| sisea]_ 5.686] +03] 1.7] 43.2) 5,564] sor7] 4871] S31] +4.8] 15.452] 14,536
All other foods, except fats and ols | 16,498] 16,462] 16.879] +02} -23) +28] 17.108] 16,499] 15.541 Iodsa] 43.8] 49.148) 47,207

Tobacco products a 2,949 3,017 3,040) -2.3 0.8] +72) 2,952] 2,851 2,648 2,936) +0.5 8451 8,172
Textile mill product . 6,066} 6,006] 5,838] +1.0) +2.9) -3.6) 6,414) 5,837) 4,993 6,740 48 17,244) 18,459
Broadwoven fabrics and

other textiles... 0... 3,747] 3,678] 3,668] +19] 40.3) -0.9] 4,054] 3,643] 3,213] 4,289] -5.5] 10,910] 11,766
Paper and allied products... 2... . 13,043] 13,218) 13,442] -13)-1.7] 2.3) 13,242) 13,247] 12,879] 13,719] -3.5] 39,368] 39,832
Pulp, paper, and
Paperboard mill products... . 3,152] 5,297] 5,476] -2.7] -3.3] 5.0] 5,234] 5,306) 5,236] 5,968] -12.3] 15,776] 17,097
Paperboard containers and boxes ..| 3,590] 3,659] 3,718] -1.9] 1.6] +0.2} 3,612] 3,626] 3,554] 3,698] -2.3] 10,792] 10,672
Miscellaneous converted
paper products... .. -....] 4301) 4,262] 4,248] +09] +03] -0.8} 4,396) 4.315] 4,089} 4,053] +8.5} 12,800) 12,063
Chemicals and allied products... ..| 30,314] 30,259] 30,596] +02] -1.1] -0.f 32,111] 29,998] 29,122] 32372) -0.8] 91,231) 91,759
Industrial chemicals ...........] 15,892] 15,843] 15,936] +03] -0.6] -1.4 16,623] 16,030} 15,202} 17,607] -5.6| 47,855] 50,688

Drugs, soaps, and toiletries 11,016} 10,801) 10,896) +2.0 0.9) =A} 11,545) 10,381] 10,607) 10,690 +8.0} 32,533] 30,590
Petroleum and coal products . . . 15,006] 14,262] 13,919} +5.2] +25) +3.8] 13,894] 12,961] 12,451] 11,847) +173 39,306] 35,274
Rubber and plastics products. 10,033] 10,016} 9,817] +0.2] +2.0]  -2.0] 10,666] 10,092} 9,107} 10,680 0.1 29,865} 30,293

All other nondurable goods .... : 25,312) 24,964) 24,379) +14] +24) -3.5) 25,302) 24,772) 21,880) 24,342) 43.9 71,954] 70,450

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,