Durable Goods Excluding
Transportation
Shipments and Three Month

Moving Average

Durable Goods Excluding
Transportation
New Orders and Three Month
Moving Average

Billions Of Dollars Billions Of Dollars
155000 155000 160000 160000
155000 am 155000,
150000 150000 A i] q
A AN 150000 150000
145000 x 145000
yt \\ 145000 i] I \ 145000
140000 140000 | \\
yr Vv 140000 WA
135000 Y 135000
200 ism || 2500 VI ssn
RRRRESEEEE ESS RERRESEEERE ES
sSaege ct sca eggs Sea ein eis
a ee a ee gs Fee e358 85 SG
— — Shipments Average — — New Orders Average
Durable Goods Excluding Durable Goods Excluding
Transportation Transportation
Total Inventories and Three Month Ratios of Unfilled Orders and Total
Moving Average Inventories to Shipments
Billions Of Dollars. 9 9 WS Ratios P ‘UO/S Ratios
240000 240000 29 29
235000 235000 aa
230000 230000 24 24
225000 225000
220000 220000 19 19
215000 215000 ao
a
210000 210000 || 1.4 14
R89888883885 55 289888888555
$34 rr re a a eS esas ect gga egg
re ee ee ee $238 8S F335 RE |
— <= inventories Average —m 1/5 uO/S

Note: All charts based on seasonally adjusted current dollars.


Durable Goods
Shipments and Three Month
Moving Average

Durable Goods
New Orders and Three Month
Moving Average

Billions Of Dollars Billions Of Dollars
210000 210000 250000 250000
/. 240000, 240000
205000 + 205000 }
aN 230000 1 230000
200000 w/ \ 200000 220000 I 220000
195000 L \ 195000 || 71°? 210000
\Y Vv
200000 Vi 200000
190000 \ 190000 \a
] 190000 V a 190000
185000 185000 180000 180000
RRRR ESSERE EEE RRRRESE EES EEG
4a es egd Sse e'e4e ei
FRRSREERR SRE: PSS RE F5R 553
— = — Shipments Average — — NewOrders Average
Durable Goods Durable Goods
Total Inventories and Three Month Ratios of Unfilled Orders and Total
Moving Average Inventories to Shipments
Billions Of Dollars WS Ratios ‘UO /S Ratios
315000 315000 4.75 4.75
4.25 425
L 3.75 3.75
305000 305000
3.25 3.25
2.75 2.75
295000 F- 295000
175 175
285000 285000 125 1.25
SE RRS 8888855 3 ag 8883888855 5
too ettsa eis £3 6 -te3 4 eo
g2 PS Ree53 8598 PSS RE E3R 253 |
—_— — inventories Average —_—— 1s uo/s

Note: All charts based on seasonally adjusted current dollars.



Nondefense Capital Goods Nondefense Capital Goods
Shipments and Three Month New Orders and Three Month
Moving Average Moving Average
Billions Of Dollars Billions Of Dollars
75000 75000 85000 85000
72000 \ 72000 80000 I 80000
wo MES |. ed fh J ne
66000 } \ 66000 || 70000 trt { \ 70000
i “
63000 63000 65000 65000
60000 60000 60000 60000
RRRES SEER ES SS aRRS ES SESS EES
P25 R SFR R5 252 P25 2335258
— = Shipments Average — — New Orders Average
Nondefense Capital Goods Nondefense Capital Goods
Total Inventories and Three Month Ratios of Unfilled Orders and Total
Moving Average Inventories to Shipments
Billions Of Dollars VS Ratios ‘UO/S Ratios
135000 135000 3.5 5.5
5.0 5.0
1 N\Q 4s 45
130000 130000
4.0 40
35 35
3.0 3.0
125000 125000
25 25
2.0 ———— 2.0
120000 120000 Ss Ws
SSR ESS 5 34 FF FF a ee es
36 ete ta eggs eg 46 -f3h 54 egg
P2358 8258 5888 233853 23 85 5 8 =
—— inventories Average —- 1s vo/s

Note: All charts based on seasonally adjusted current dollars.


ECONOMICS
AND
STATISTICS
ADMINISTRATION

UNITED STATES DEPARTMENT OF

COMMERCE
NEWS WASHINGTON, DC 20230

BUREAU OF THE
CENSUS

Bureau of the Census For Release 8:30 A.M. EDT
For Data - (301) 457-4673 June 26, 2001

For Questions - Lee Wentela or Derrick Roy CB- 01-110

(301) 457-4832 or (301) 457-4814

M3-1(01)-05

ADVANCE REPORT ON DURABLE GOODS MANUFACTURERS’ SHIPMENTS, INVENTORIES, AND ORDERS
May 2001
(All figures in text below are in seasonally adjusted current dollars)

@ NEW ORDERS for manufactured durable goods in May increased $5.3 billion or 2.9 percent to $188.5 billion, the
Department of Commerce, Bureau of the Census reported today. This follows a 5.5 percent April decrease. Excluding
transportation, new orders increased 2.7 percent. Year to date, new orders for 2001 are 8.9 percent below the same period a
year ago.

Transportation equipment had the largest increase, $1.8 billion or 3.4 percent to $54.5 billion, due to motor vehicles and parts;

nondefense aircraft and parts decreased $1.0 billion or 11.8 percent to $7.8 billion. Computers and electronic products

increased $1.0 billion or 2.7 percent to $35.8 billion, due to semiconductors. Primary metals increased $0.7 billion or 5.9

perrent to $12.4 billion; this is the largest increase since February 1999. Machinery increased $0.6 billion or 2.6 percent to
.7 billion.

@ SHIPMENTS of durable goods in May increased $5.8 billion or 3.1 percent to $192.4 billion, following a 3.8 percent April
decrease. Year to date, shipments for 2001 are 5.3 percent below the same period a year ago.

Transportation equipment, led by motor vehicles and parts, had the largest increase, $4.5 billion or 9.2 percent to $53.9 billion;
nondefense aircraft and parts increased $1.2 billion or 17.0 percent to $83 billion. Primary metals increased $0.5 billion or 4.6
percent to $12.3 billion; this is the largest increase since December 1994. Machinery, up for the first time since January,

creased $0.4 billion or 1.5 percent to $25.2 billion. Computers and electronic products, down five consecutive months,
decreased $0.7 billion or 1.7 percent to $38.5 billion.

e UNFILLED ORDERS for durable goods in May, down five consecutive months, decreased $3.9 billion or 0.7 percent to
$579.2 billion, following a 0.6 percent April decrease. Computers and electronic products, led by semiconductors, had the
largest decrease, $2.7 billion or 1.9 percent to $139.3 billion; this is the sixth consecutive decrease. Machinery, down five
consecutive months, decreased $0.5 billion or 0.8 percent to $61.3 billion. Transportation equipment increased $0.6 billion or
0.2 percent to $289.6 billion; nondefense aircraft and parts decreased $0.5 billion or 0.4 percent to $151.5 billion.

@ INVENTORIES for durable goods in May, down four consecutive months, decreased $1.6 billion or 0.5 percent to $304.9
billion, following a 0.2 percent April decrease. Computers and electronic products had the largest decrease, $0.5 billion or 0.9
percent to $58.4 billion. Nondefense aircraft and parts increased $0.1 billion or 0.3 percent to $31.3 billion.

@ CAPITAL GOODS INDUSTRIES, DEFENSE New orders in May increased 0.1 percent to $6.3 billion. Shipments
increased $0.2 billion or 3.9 percent to $6.0 billion. Unfilled orders increased $0.3 billion or 0.2 percent to $125.3 billion.
Inventories decreased 0.1 percent to $19.0 billion.

® CAPITAL GOODS INDUSTRIES, NONDEFENSE New orders in May increased $0.6 billion or 0.9 percent to $65.2
billion. Shipments increased $1.3 billion or 2.0 percent to $66.8 billion. Unfilled orders decreased $1.6 billion or 0.6 percent
to $276.0 billion. Inventories decreased $0.2 billion or 0.1 percent to $130.8 billion.

@ REVISED APRIL DATA Revised seasonally adjusted April figures for all manufacturing industries are: shipments, $339.1

billion (revised from $338.9 billion); new orders, $335.7 billion (revised from $336.9 billion); unfilled orders, $583.1 billion
(revised from $584.5 billion); and total inventories, $479.9 billion (revised from $481.0 billion).

Our internet site address is: http://www.census.gov/indicator/www/m3

This report presents advance information on two key business indicators: durable goods manufacturers’ shipments and orders, Revised and more detailed estimates plus
nondurable goods data will be published July 3, 2001 at 10:00 AM. The advance report on durable goods for June is scheduled for July 26, 2001 at 8:30 A.M, This report is
available on the day of issue through STAT-USA/Internet at www.stat-usa.gov.


Table 1. DURABLE GOODS MANUFACTURERS' SHIPMENTS AND NEW ORDERS
(Millions of Dollars)

Seasonally Adjusted Not Se: +
Monthly Percent Change Monthly Percent
tem
May Apr Mar Apr - Mar - Feb - May Apr May May
20017 2001‘ 2001 May 7 Apr‘ Mar 2001? 2001° 2000 01/00
DURABLE GOODS
Total:
Shipments. .| 192,422] 186,610] 194,082 +34 -3.8| +0.4] 193,183] 180,157) 206,763] 6.6
New Order ‘| 188/549] 183/226] 193/955 +29 5.5] +1.9} 184,612] 175,817) 208,590] -11.5
Excluding transportation:
Shipments, 138,517| 137,247] 141,512 +0.9 -3.0| 135,874| 130,983] 146,600] -7.3
New Order 134,086] 130,569] 135,829 +2.7 -3:9} 129,121| 125,858] 152,466) 18.3
Excluding defense:
Shipments. 185,553] 180,028] 187,289 +34 -3.9) 186,347| 173,965] 200,415 -7.0
New Order 180,940] 175,848] 184/567 +29 -4.7| 178,289| 169,526] 203,838] -12:5
Primary metals:
Shipments. 12,331} 11,786] 12,191 +4.6 -3.3] +0.1] 12,714) 12,059] 14,227] -10.6
New Order 12,362] 11,674) 11,868 +59 -1.6} 1.2] 12.482) 11,734] 13,465] -7.3
Fabricated metal products:
Shipments........ 20,509] 20,272 20,574 +12 “1.8 21,014] 20,155] 22,318] 5.8
New Order 20,075] 19/840] 20,143 +12] -155] 20,490] 19,946] 22:466] 8.8
Machinery:
Shipments. 25,205] 24,822] 25,294 +15 “1.9 25,319] 24,743] 25,147] +0.7
New Order: 24:701| 24/063 23/303 +26 +0.7 24'574| 23,925] 25,849] -4.9
Computgrs and electronic product
Shipme: 38,472) 39,123] 42,373 17 -7.7| 34,593] 33,800] 41,860] -17.4
New Order 35,809] 34/857| 40/311 +27 -13'5 30,143] 30,746] 46,776] -35.5
Computers and related product
Shipments. 9,649] 9,960] 10,465] 3.1 -4.8| -0.9] 8,108] 7,927] 9,893] -18.0
New Orders........ 9,567, 91872] 10,598) 3.1 -6.9| “15 8,494] 7/808] 10,584) -19.7
Communications equipment
Shipments. 7,326] 7,505] 8,291 2.4] -9.5| -0.4] 6,633] 6,260] 9,251] -28.3,
New Orders. 6504] = 7/352] 7,793) 115) 5.7] +0.4) 5,373 5.882] 8,446] -36.4
Semiconductors:
shipments. 7.6491 7,844] 8,732 -2.5 -10.2 6,822] 7,176] 8,256] -17.4
New Order: 6.602] 4/878] 8,132) +38.3 40.0] 4,504] 5,731] 13,064] 65.5
Electrical equipment, appliances,
and component
Shipments. 11,346] 11,193] 11,375] +1.4] -1.6] .3] 11,172] 10,643] 10,997} +1.6
New Order 11,152] 10,784] 10,794] +3.4] 011 6.8) 10/804) 10,141] 11.111 “28
Transportation equipment:
Shipments. 53,905] 49,363] 52,570 +9.2 “6.1 +5.0] 57,309] 49,1741 60,163] -4.7
New Order 54463] 52.657 58,126 +3.4] 9.4] +174) 55.491] 49,959] 86,124) -1.1
Motor vehicles and parts
Shipments... 38,459] 35,522| 37,068 +8.3 4.2 +7.3] 41,448] 35,995] 43,585] -4.9
New Order 38,548] 35,876] 37,040 +74 “3.1 +75] 41,188] 36,054) 42;894] -4.0
Aircraft and parts:
Shipments. 10,639] 9,280] 10,592) +14.6 “12.4 10,973] 8,793] 11,679] -6.0
New Order 111434) 11/117] 12/890] +29 -13:8 10,376] 9,251 8,325] +24.6
All other durabie good:
Shipments. 30,654] 30,051] 29,705 +2.0 +1.2 31,062] 29,583} 32,051 3.1
New Orders... 29,987| 29,345] 28/810 42.2 +19 30,622| 29,366, 32,799] 6.6
Capital goods:?
Ghioment 72,815] 71,300] 74,881 +21 48 70,261] 65,884] 75,602) = -7.1
New Order 71,437) 70,865] 76,571 +08 75 66,271] 62,770] 73,720] -10.1
Nondefense capital goods:
Shipm: 66,823] 65,535] 69,017 +2.0 -8.0} -1.0| 64,255] 60,414] 69,997|  -8.2
New Orders... “| 68:173| 64,606] 68,344] +0.9 5.5 +05] 61,223] 57937] 69,223} -11.6
Defense capital goods:
‘Shipments.. 5,992] 6,765 5,864] +3.9 A7 +41 6,006] 5,470] 5,605] +7.2
New Order ,264| 6,259] 8,227 +01 -23.9) +389) 5,048) «= 4/833] 4/497] +123
(NA) Not Available * Revised

‘or calendar-month variat

turers’ shipments, inventories, and orders are subject to aurvay error and revision. One major component of survey error it

rage, response and nonreporting. Since the survey panel is not a probability sample, estimates of sampling orror cannot be calculated.
limitations are contained in our most recent annual benchmark publication, Current Industrial Reporte: M3-1(00),

‘Shipments, invent 192-2000."

Seeds inutile inclde Nondatane ; small arms and ordnance: frm machinery and equipment construction machinery: mining
fing, laundry, and other hhotographic equipment; metalworking machinery; turbines and generator :
idling equipment; all other machinery; electronic computers; computer storage “other computer pergheral seulpmont; tions equipment;
‘ent; elactromedical, measuring, and control instruments; electrical equipment; other nt, appliances, and components; heavy duty trucks;
and boats; office and institutional furniture: and medical equipment and supplies.

{Shipments and new order
no ing.

? Based on advance sample. Estimates of m:
ors

‘equipment:
aircraft; railroad rolling stock; shi

Defense Capital Goods include : small arms and ordnance, communications equipment, aircraft; missiles, space vehicles, and parts, ships and boats, and search and navigation equipment.

te totals forthe period and are adjusted for trading-day and calendar-month variations; unflled orders and total inventorios are as of the end of the period and


3

Table 2, DURABLE GOODS MANUFACTURERS’ UNFILLED ORDERS AND TOTAL INVENTORIES

(Millions of Dollars)
‘Seasonally Adjusted Not Se: TT
Monthly Percent Change Monthly Percent
Item Change
May Apr Mar Apr - Mar - Feb - May Apr May May
2001? 2001 ° 2001 May * Apr’ Mar 2001? 2001° 2000 01/00
DURABLE GOODS
Total:
Unfilled Orders.. 579,228] 583,101] 586,485 0.7 -0.6 0.0] 582,157| 590,728] 552,753] +5.3
Total Inventories. 304,858] 306,418] 307,133 -0.5| -0.2 -1.1] 306,486] 307/309] 302/075] +15
Excluding transportation:
Unfilled Orders. 289,678} 294,109] 300,787 15) “2.2 -1.9] 291,364] 298,117} 310,797 6.3
Total Inventories. 228/921] 230,334] 232/126 -0.6 08 -0.8} 230,661] 231/522] 224/642) 2.7
Excluding defense:
Unfilled Orders. 435,886] 440,499] 444,679 “1.0 0.9 -0.6| 436,144] 444,202} 433,388] +9.6
Total Inventories. 282,568] 284,048] 285,117) 0.5 -0.4 -0.8] 284,182) 285,143) 278/904 + 1.9
Primary metals:
Unfilled Orders. 18,724] 18,693] 18,805) +0.2 0.6 1.7] 19,2351 19,467) 22,123] -13.1
Total Inventories. 21/545] 21/856] 22,074 1.4) -1.0] 1.6] 21,394 21784) 22/706] 5.8
Fabricated metal products:
Unfilled Order: 41,740] 42,174] 42,606 -1.0] -1.0) -1.0] 42,162) 42,686] 44,164 45
Total inventories. 35,066] 35,205] 35/341 -0.4) -0.4 -0.2] 35,276) 35,447, 34/747] + 1.5
Machinery:
Unfilled Orders. 61,280] 61,784] 62,537 0.8 “1.2 -2.2) 61,897] 2,642] 62,464 6.9
Total inventories. 51/242] 51,509] 51,776 0.5) 0.5 +0.4) 51/665) 51,859] 48,714] 46.1
Computers and electronic products:
Unfilled Orders.. 139,309] 141,972] 146,238 1.9 2.9) -1.4] 138,936] 143,380; 149,086] 6.8
Total Inventories. 58.396} 58,940] 59,733 0.9) -1.3] -2:5] 59,205] 59,296) 57.008] +3.9
‘Computers and related produc:
Unfilled Orders, 10,343] 10,425] 10,513] 0.8 -0.8} +1.3) 10,517) 10,131] 10,060] +4.5
Total Inventories. 9,336] 9,512] 9,460 1.9 +0.5 0.6] 9,746] $630} 8.989} +84
Communications equipment
Unfilled Orde 47,689] 48,511] 48,664 17 -0.3) -1.0] 47,563) 48,823; 44,501} +6.9
Total Inventories. 111646} 11/672) 12,217] -0.2 45 -74) 11,693) 11/512| 13/042|  -10.6
Semiconductors:
Unfilled Orders. 18,100] 19,147] 22,113] 5.5) “13.44 2.6] 17,273] 19,591) 30,8:1)  -44.1
Total Inventories. 8,463] 8/482 8505 0.2 -0:3 15 8,652] 8,691 7:3:4| +1810
Electrical equipment, appliances,
and components:
Unfilled Order 18,124] 18,318] 18,727 14 2.2 -3.0] 18,166 “2.7
Total Inventories. 15.871] 15,969] 16,078 0.6 0.7 -0.4] 16,167 +70
Transportation equipment:
Unfilled Orders. 289,550] 288,992] 285,698 +0.2 +12 +2.0] 290,793) +20.2
Total Inventories. 75: 76,08: 5,007 “0: +14 -1.3) "75,825 “2.1
Motor vehicles and parts:
Unfilled Order 13,368] 13,279] 12,925 +0.7 +27 0.2] 13,272 -10.3
Total Inventories. 22/030) 22,371| 21,854 -1.5] +24 “1.5 21,852 “3.8
Aircraft and parts:
Unfilled Orders. 198,201] 197,406] 195,569] +0.4 +0.9 +1.2) 198,106) +21.0
Total inventorie: 41,287 1215] 41,283 +0.2 -0.2 -2.7| 41,355 “3.6
All other durable goods:
Unfilled Order: 10,501] 11,168] 11,874) -6.0 5.9 -7.0| 10,968] 11,408] 14,289] -23.2
Total Inventorie: 46,801] 46,855] 47/124 -0.1 0.6 -0.4| 46954] 46,934] 46,353] +1:3
Capital gpedsss
infilled Orders. 401,369] 402,747] 403,182 0.3] 0.1 +0.4) 403,207 407,197] 359,069] +12.3
Total inventories... 149,794] 149/989] 150,137 -0.1 011 -1.1] 151,079) 150.644) 147/134) 42:7
Nondefense capital goods:
infilled Orders. 276,050] 277,700] 278,629 -0.6 0.3 -0.2| 276,099] 279,131] 254,576] +8.5
Total Inventorie: 130,760] 130,943] 131/727 0.1 0.6} -0.8| 131,960] 131/632] 127,849] +3.2
Defense capital goods:
Unfilled Orders. 125,319] 125,047] 124,553] +0.2 +0.4 +1.9] 127,108] 128,066] 104,493] +21.6
Total Inventor 19,034] 19,046] 18,410) “0.1 +35 -2:3| 19,118) 19,012] 19,285 -0.9

See footnotes at end of Table 1