Table 4. VALUE OF MANUFACTURERS’ INVENTORIES FOR INDUSTRY GROUPS

(Millions of dollars)

Seasonally adjusted

Not seasonally adjusted

Industry Monthly Percent Change Monthly Percent
change
Feb. Jan. Dec.| Jan-| Dec.-|_ Nov- Feb. Jan. Dec. Feb.| Feb.
1996] 1996" 1995) Feb.} Jan.|Dec.] 19967] 1996" 1995 1995] 96/95
All manufacturing industries .. . . . 422,276 | 421,317] 418,527] +0.2| 40.7] +0.2| 424,134] 419,188] 408,504] 401,729] +5.6
Manufacturing industries
with unfilled orders 285,125 | 284,524] 281,899] +02] +409! +03! 285,318] 281,641} 273,212| 266,133] +72
without defense capital goods . 401,341 | 400,436] 397,648] +02] +40.7)  +0.2] 403,377] 398,967] 388,512| 379,632] +63
Durable goods industries. 267,240} 266,530] 263,916] +03) +10] +02] 268,943] 265,160] 256,895] 253,603] +6.0
With unfilled orders 245,422) 244,831 | 242,239) +0.2) +11] +03] 246,064] 242,802] 235,175] 231,088] +6.
Stone, clay, and glass Products : 8,238 8,242 8,234 0.0}  +0.1 ld 8,347 8,197 8,018 7,985 :
Primary metals... 21,805] 21,868] 21,853] 03) +01] +01] 21,876] 21,888} 21,732] 21,423
Blast furnaces, steel : 10,568] 10,632] 10,541 0.6} +09] +13] 10,653] 10,799] 10,674] 10,184
Iron and steel foundries... . 1,676] 1,640 Lost] 422] 07] +12] 1,691 1,626] 1,627 1,614
Nonferrous and other primary
I 9,561] 9,596] —_9,661 04] 07) -13] 9,532] 9,463] 9,431] 9,625
Fabricated metal products 24,873} 24,706) 24,770} 40.7] 0.3] —--0.8] 25,032] 24.555] 24,166] 24,892
Industrial machinery and e 55,630} 55,212] 54,314) +0.8) = +1.7 +04) 56,271) 55,103] $2,565] 51,753
Engines and turbines... ... x 3,731{ 3,771 “11 Li} +10] 3,555] 3,529 3488] 3,688
Farm and garden machinery 2,741 2,732 2,695 403 +14 0.7 3,045 3,035 2,891 3,122
Construction, mining and
material handling equipment . 6,599 6,543 6518} +091 +04 0.0 6,691 6,531 6,330 6,387
Metalworking machinery . . 6,653 6,626 6,401 +04] 435] 403 6,633 6,541 6,097 5,834
Computer and office equipment .. . 13,183] 13,012} 12,557 +13 43.6 +05] 13,302] 12,947] 11,893] 11,549
Electronic and other
electrical equipment ........... 47,397] 47,739) 47,412] 0.7] 40.7] +12] 47,372] 47,438] 45,652] 42,238] 412.2
Electrical transmission and
distribution equipment and
industrial apparatus .... 4,661 4,658 4,874 40.1 44 0.6 4,616 4,568 4,718 4,769 3.2
Household appliances . . . 2,733 2,719 2,719 40.5 0.0 0.0 2,870 2,701 2,496 3,017 49
Electric lighting and
wiring equipment . 3,280 3,291 3,290 03 0.0 09 3,257 3,199 3,109 3,152 43.3
Household audio and
video equipment ........ 1,841 1,806 1,695 +19 46.5 +17 1,758 1,712 1,568 1,329] +323
Communications equipment 15,519] 15,773] 15,667] -16] = +0.7]  +1.0] 15,666] 15,799] 15,002] 13,707] +143
Electronic components . . 15,487] 15,614] 15,327] 08] +19] 429] 15379] 15,687] 15,085] 12,787] +203
‘Transportation equipment . . 60,631] 60,109] 58,841] 40.9] 422] 02] 61,034} 59,633] 57,248] 58,646] 44.1
Motor vehicles and parts . 12,054} 12,131] 11,932) 0.6] +17] 0.2] 12,252] 12,266] 11,739] 12352] -0.8
Aircraft, missiles,
space vehicles, and parts. . 43,817] 43,215] 42,228) +14) +23] 40.3] 43,837] 42,562] 40,907] 41,538] +5.5
Shipbuilding and tanks . . 1,666 1,678 1,69: 0.7 21.0 09 1,709 1,662 1,624 1,587} = +7.7
Instruments and related products . . . . 23,185} 23,122] 22,896] 9 +0.3] +10] +05] 23,114] 22,554] 22,223] 21,797] +6.0
Search and navigation equipment 5,619 5,716 5,698 -L7] +03 +17 5,641 5,539 5,563 5,609] +06
Measuring and controlling devices . 7,600 7,514 TAIT +11 +13 0.2 7,600 7,401 7,221 6,843} +111
Medical instruments and supplies 6,567 6,509 6369] +09) +422] +409 6,514 6,380 6,230 5,994] +8.7
Photographic goods . - 2,535 2,532 2,544) +0.1 0.5 08 2,497 2,398 2,340 2,483 +0.6
Alll other durable goods 25,481] 25,532] 25,596] 0.2] 03} 04] 25,897] 25,792} 25,291] 24,869|  +4.1
Nondurable goods industries . 155,036 | 154,787] 154,611 40.2] +01 +04] 195,191] 154,028] 151,609] 148,126] +48
With unfilled orders . 39,703} 39,693] 39,660 00] +01] +01) 39,254) 38,839] 38,037] 35,045] +12.0
Food and kindred Products 31,648] 31,438] 31,594] 40.7] 05] 40.2] 31.813] 31.945] 31,857] 31302] +1.6
Meat products 4,065} 4,028} 4,002} +09} +06} +428] 4126] 3.971 3,777} 3,506} +17.7
Dairy products . 2,710] 2,781] 2,787] -26| 02] 9 +38] = -21645] = -2:730] 2,643] 2,604] -1.8
Beverages . . 5360] 5,344] 5351] +03] = -0.1 10] 5,360] 5,322] 5,313] 5307] +1.0
All other foods, except fats and oils 17,505] 17,324] 17,514) +10] - -0.7| 17,505] 17,793] 18,062} 18,071] -3.1
Tobacco products... . 5,524 5,570 5,570 0.8 0.0 40.8 5,960 5,997 5,834 6,059 16
Textile mill products * 10,386] 10,393] 10,456] -0.1 06] 04] 10,491] 10,305] 9,932} 10,050] +44
Broadwoven fabrics and
other textiles 5,767] 5,763| 5,796] +0.1 06] -05] 5,842] 5,761 5,553] 5,633] +3.7
Paper and allied products . 16,881} 16,830] 16,827] +03 00] +09] 16,923) 16,724] 16,537] 14302] +183
Pulp, paper, and
paperboard mill products . 7,303 7,146 7,043 42.2 +13 7,354 7,146 6,964 5,567|  +32.1
Paperboard containers and box 4320] 4,388] 4,451 15 16] 43377 4342] 4399] 3,872] 412.0
Miscellaneous converted
aper products 5,258] 5,296] 5,333] -0.7 42.7) 5,232] 5,236] 5,174] 4,863] 47.6
Chemicals and allied products 36,041} 35,935] 35,924 +03 +06} 36,456] 35,910] 35,619] 35,144 43.7
Industrial chemicals 17,832] 17,785] 17,893] +03 0.6] 18,064} 17,954] 17,974] 17359] +41
Drugs, soaps, and toiletries . 13,378 13,382] 13,311 0.0 42.4 13,191 12,966 12,899 12,877 42.4
Petroleum and coal products . . 11,337 11,348 11,195 0.1 45.0] 11,026] 10,927 10,625 10,726 42.8
Rubber and plastics products. 13,897] 13,901] 13,913 0.0 12] 14,144] 13,930] 13,708] 14,048 40.7
All other nondurable goods . . 29,322] 29,372] 29,132 0.2 0.8] 28,378] 28,290] 27,497] 26,495 +71

” 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

320f-----------------------------------4 Shipments |) 320

300

280

260

240 L J L L L 1 L i 1 L i L L 240
Feb Apr Jun Aug Oct Dec Feb Apr Jun Aug Oct Dec Feb

Feb. 1994- Feb. 1996

Total Manufacturing
Ratio of Unfilled Orders and
Inventories to Shipments

V/S Ratios UO/S Ratios
2.5 3.9
24F-------------------------------------- vos [-4 3.8
2.3F---- 0-7 eee eee ee ee eee eee ee ----- ee eee vs }43.7
2.2F-------------------------------------- ===] 3.6
2.1 ------ 2-55-55 ---5------------------------- + 3.5

2
1.9
1.8F
1.7
1.6
1.5
1.4
1.3

1.2 2.6
Feb Apr Jun Aug Oct Dec Feb Apr Jun Aug Oct Dec Feb

Feb. 1994-Feb. 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
Feb. Jan. Dec, | Jan- | Dec | Nov. Feb. Jan. Dec. Feb. | Feb,
1996" 1996" 1995 | Feb. | Jan. | Dec. | 1996" 1996" 1995 1995 | 96/95
UNFILLED ORDERS
All manufacturing industries... . 474,873 | 474,467 | 467,045 | +01] +16 | +08 | 477,935 | 475,631 | 461,357 | 465,440 42.7
Market categories :
Automotive equipment . . . 1,936 | 1,944 1,891 04] 4281 -09] 1,986] 1980] 1,862] 2218] -105
Home goods and apparel 9,668 9,545 9,476 +13 +0.7 Ll 9,522 9,082 8,007 9,915 4.0
Consumer staples ..... 1,770 | 1,797 | 1,737 -15| +35] 42] 1730] 1809 1772 1,624 +65
Machinery and eawipment . 202,575 | 200,269 | 194,554] +12] +29] +22 | 203,404 | 200,590 | 193,563 | 184,769 | +101
Business supplies . 5,981 6,126 | 6,107 24} +03] 23] 5915} 6,061 5,952 5,068 25
Construction materi
and supplies. . . 15,888 | 15,785 | 15,710] +0.7] +05 | -02 | 15,988 | 15,562 | 15,349 | 16,242 -16
Defense products . 102,987 | 103,834 | 102,720 08} +11 | +09 | 103,660 | 104,804 | 103,389 | 106,577 27
Other materials, supplies and
and intermediate products ...... 134,068 | 135,167 | 134850 | -08] +02} -09 | 135,730 | 135,743 | 131,463 | 138,027 “17
Durable goods industries :
Nondefense capital goods’ ...... 221,171 | 218,987 | 212,912 +10 42.9 +1.9 | 222,193 | 219,702 | 212,326 | 204,259 $8.8
Excluding aircraft and parts .... | 100,905 | 99.756 | 98.216 412 +16 -L1 | 101,927 | 100,471 97,630 | 95,938 +62
Defense capital goods * : 108,110 | 109,037 | 107,821 09 +11 +0.8 | 108,788 | 109,961 } 108,285 | 112,505 33
Durables excluding capital goods 122,527 | 123,166 | 123,345 0.5 0.1 -0.4 | 124,255 | 123,322 | 118,848 | 123,039 +10
Miscellaneous series :
Producers’ durable equipment 237,813 | 235,381 | 229,893 +10 42.4 +19 | 238,794 | 235,739 | 227,681 | 220,124 48.5
Household durable goods ....... | 6,038 | 6019 | 6,028} +03] -01 -08 952 | 5,829 | 5.119 | 5,773 43.1
Information technology industries . 40,879 | 40,666 | 39,937 40.5 +18 +12 | 40,538 | 40,095 | 39,480 | 38,618 +5.0
Health care equipment
and products... 62... ....04 6,202 6,061 5,970 423 +15 08 6,200 6,059 5,969 6,319 “19
TOTAL INVENTORIES
All manufacturing industries... . . 422,276 | 421,317 | 418,527 +02 +0.7 40.2 | 424,134 | 419,188 | 408,504 | 401,729 45.6
Market categories :
Automotive equipment . . . 6,658 | 6,648 | 6,560] +02] +13] 05] 6,891 6,725 | 6,425 | 6,677 43.2
Home goods and apparel. 34,533 | 34,378 | 34,089 40.5 40.8 -0.4 | 34,315 | 33,805 | 32,517 | 32,796 44.6
Consumer staples... 60,223 | 60,092 | 60,043 | +02] +01 | +13 | 60,220] 60,116 | 59,558 | 58,792 42.4
Machinery and equipment . 107,355 | 106,813 | 104,734 40.5 42.0 +0.4 | 108,416 | 106,229 | 101,301 | 98,236 +10.4
Business supplies... . . 24,022 | 24,054 | 24,018 0.1} +01 | +04 | 23,813 | 23,497 | 22:988 | 22,401 +63
Construction materials”
and supplies 26,289 | 26,418 | 26,490 -05 03 0.5 | 26,494 | 26,334 | 25,818 | 25,815 42.6
Defense products . 20,549 | 20,492 | 20,568 | +03] -04] +04] 20377 | 19914 | 19,815 | 21,392 47
Other materials, supplies and
and intermediate products... ... 142,647 | 142,422 | 142,025 | +02] +03 | 0.1 | 143,608 | 142,568 | 140,082 | 135,620 +59
Durable goods industries :
Nondefense capital goods * .... . 102,138 | 101,560 | 99,721 40.6 | +18 | +04 | 102,825 | 100,850 | 96,221 | 92,734 | +109
Excluding aircraft and parts .... 72,807 | 72,665 | 71,748 +02 +13 +04 | 73,245 | 72,110 | 68,867 | 66,654 +9.9
Defense capital goods‘ ........ 20,935 | 20,881 | 20,879 +0.3 0.0 0.0 | 20,757 | 20,221 | 19,992 | 22,097 “6.1
Durables excluding capital goods . | 144,167 | 144,089 | 143,316 40.1 40.5 0.0 | 145,361 | 144,089 | 140,682 | 138,772 44.7
Miscellaneous series :
Producers’ durable equipment 168,320 | 167,731 | 165,686 40.4 +12 +0.2 | 169,674 | 166,853 | 160,785 | 157,823 475
Household durable goods ....... | 15,355 | 15.207 | 15,065 +10] +09 +0.6 | 15,481 15,057 | 14,423 | 14,706 453
Information technology industries . 39,647 | 39,639 | 38,943 0.0 +18 +0.8 {| 39,877 | 39,351 37,216 | 35,225 413.2
Health care equipment
and products ............... 13,851 | 13,795 | 13,617 | +04] +13 | +16 | 13,699 | 13,445 | 13,256 | 13,014 453

See footnotes at end of table 5.

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


Table 5. VALUE OF MANUFACTURERS’ SHIPMENTS AND NEW ORDERS
FOR TOPICAL SERIES'
(Millions of dollars)

Seasonally adjusted Not seasonally adjusted ?
Monthly Percent Change Monthly Percent ‘Year to date
Industry change
Feb. Jan. Dec. | Jan.- | Dec.- | Nov.- Feb. Jan. Dec. Feb. Feb.
1996" 1996" 1995 | Feb. Jan.| Dec.} 1996" 1996" 1995 1995 | 96/95 1996" 1995
SHIPMENTS
All manufacturing industries ..... 303,971} 301,417] 305,907] +0.8 -1.5] +0.7} 301,743] 271,814] 302,720] 295,576] +2.1) 573,557) 563,933

Market categories :
‘Automotive equipment . .
Home goods and apparel
Consumer staples . . ..
Machinery and equipment
Business supplies .
Construction materi

14,528} 14,343) 14,357) +13] 0.1] +0.4) 15,919] 13,183] 12,758) 15,878) +03 29,102} 29,372
19,530] 18,844] 19,747] +3.6] -4.6] +0.1] 19,504] 16,251} 17,191] 19,446 +03] 35,755} 36,585
63,140] 63,703} 63,070] -0.9] +1. +1.4{ 60,983] 58,975] 63,781] 58,358 +45] 119,958] 113,727
56,754] 54,229) $6,635) +4.7| 42) +0.8) 56,265} 45,874] 62,480} 52,923] +63} 102,139] 97,722
22,963} 22,927} 23,097) +0.2| 0.7] +1.0) 22,485] 20,999} 22,544] 21,652] +3.8] 43,484] 42,049

and supplies. . 18,140] 18,649] 18,432 2.7} +12) 0.5] 17,308] 16,254] 16,750] 18,256} 5.2 33,562} 34,875
Defense products . 6,794 6,727 6,908] +10} 2.6 +54) 6,623) 5,672! 7,998; 6,939} 46 12,295 13,072
Other materials, supplies and

and intermediate products ..... . 102,122] 101,995] 103,661] +0.1] 1.6 +0.2} 102,656] 94,606] 99,218] 102,124] +0.5] 197,262| 196,531

Durable goods industries :
Nondefense capital goods ° . .
Excluding aircraft and parts
Defense capital goods‘... .
Durables excluding capital goo.

+15] 42,580] 34,084] 52,533} 39,274) +84] 76,664} 72,290
39,796] 37,638] 39,733} +5.7] 42.9} 38,213] 31,032] 46,106) 34,268) +11.5] 69,245] 63,402
6,344) 6,300} 6,359] +0.7 . +42) 6,121] 5,190) 7,662) 6,358 3.7] 11,311] 11,900
114,076] 114,122] 114,888) 0.0) 0.7] +0.1] 116,561} 104,182] 107,414] 115,344) +11] 220,743] 219,473

44,323} 41,704] 44,699] +6.3)

Miscellaneous series :
Producers’ durable equipment . 106,947] 103,892] 106,517] +2.9] -2.5]  +0.7] 108,365] 91,178] 109,517] 103,803) +44} 199,543] 194,032
Household durable goods . . 8,627, 8,515) 8,720) +13 2.4) 0.7) 8,434 7,355| 8,117] 8,045) +48 15,789 15,373
Information technology industries . | 22,840] 20,993} 22,368] +8.8] 6.1) +2.0) 20,987) 16,703} 28,491} 17,746] +183 37,690} 33,093
Health care equipment

and products .............0. 9,068] 9,042] 9,178] +03] 1.5] 42.5] 8,824] 8,639] 9,745] 8,484] +4.0/ 17,463] 16,749
NEW ORDERS
All manufacturing industries... .. 304,377| 308,839] 309,467] -1.4]  -0.2} +1.7| 304,047) 286,088] 306,722| 299,933] +1.4] 590,135] 577,605

Market categories :
‘Automotive equipment . .
Home goods and apparel
Consumer staples
Machinery and equipment

+0.8) 15,925] 13,300] 12,753] 15,890) 40.2) 29,225] 29,443

19,944) 17,327] 16,753} 19,670) +14) 37,271) 38,172
+1.3] 60,903] 59,012] 63,728] 58,348) +44) 119,915] 113,720
+5.0) 59,078] 52,902] 65,898] 54,310) +8.8} 111,980) 101,658

14,521] 14,395] 14,340] +0.9]
19,653] 18,913) 19,640} +3.9}
63,113] 63,763) 62,993] -1.0)
59,061} 59,943] 60,892] -1.5)

Business supplies .............] 22,818] 22,946] 22,953] -0.6| 0.2) 22/340] 21,107] 22,423) 21,765] 42.6} 43,447] 42,308
Construction materials

and supplies 18,243] 18,724) 18,396] -2.6| +1.81 -0.2] 17,733] 16,468] 16,715] 18,529) -4.3) 34,201] 35,677
Defense products 5,946] 7,841] 7,787) -24.2] 40.71 +363] 5.479] 7,087] 10,797] 6,541] -16.2] 12,566] 12,412

Other materials, supplies an
and intermediate products .... .. 101,022] 102,314] 102,466] -1.3] -0.1]_ -0.2| 102,645] 98,885] 97,655 104,880] -2.1] 201,530] 204,215

Durable goods industries :
Nondefense capital goods* ......} 46,507] 47,779] 48,700] -2.7} -1.9]  +5.7| 45,071] 41,460] 55,628] 40,682] +10.8] 86,531] 76,633
Excluding aircraft and parts . . 40,945] 39,178) 38,627] +4.5| +14} -0.9] 39,669] 33,873] 44,094] 35,671) +11.2| 73,542] 68,333
Defense capital goods * 5,417] 7,516] 7,164] -279] +4.9] +36.7] 4,948 10,198] 6,063} -18.4) 11,814) 11300

te 4; 6,866)
Durables excluding capital goods . | 113,437] 113,943] 114,370] -0.4 0. +0.5] 117,494] 108,656] 106,528} 118,105) ~0.5| 226,150] 228,085

Miscellaneous series :
Producers’ durable equipment . . . . | 109,379] 109,380] 110,822} 0.0] -1.3)  +3.2} 111,420] 99,236] 112,526} 105,942]  +5.2] 210,656] 200,442
Household durable goods .......] 8,646{ 8,506] 8,669] +1.6| 1.9] -2.2] 8,557] 8,065] 7,716| 7,962) +7.5] 16,622] 15,949
Information technology industries . | 23,053) 21,722} 21,864) +6.1] -0.6 -0.8} 21,430] 17,318] 27,039] 18,609] +152) 38,748] 34,782
Health care equipment
and products ............... 9,209] 9,133] 9,128) +08) 40.1) +19} 8,965} 8,729] 9,695] 8,456] -+6.0] 17,694] 16,746

» 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.

rdnance and accessories; steam, gas and hydraulic turbines; internat combustion engines; construction, mining, and material
handling equipment; metalworking machinery; special industry machinery; general industrial machinery; computer and office equipment; refrigeration, heating and service
industry machinery; electrical transmission and distribution equipment; electrical industrial apparatus; communications equipment; aircraft, missiles, space vehicles, and engines
and parts; ships and tank components; railroad equipment; and search and navigation equipment.

> Nondefense capital goods industries include :

‘ 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.


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

Inventory / Shipments ratio Unfilled Orders / Shipments ratio!
Industry Feb. Jan. Dec. Nov. Feb. Jan. Dec. Nov.
1996" 1996" 1995 1995 1996" 1996" 1995 1995
All manufacturing industries... . .. 139 1.40 137 137 2.83 287 2.75 2.75
Durable goods industries 1.62 64 159 1.60 3.40 3.46 331 331
Stone, clay, and glass products 113 110 Wit 113 116 113 114 1.15
Primary metals -...... 152 152 150 148 2.01 198 1.96 192
Fabricated metal products. 156 152 155 158 143 140 143 147
Industrial machinery and equip 1.67 172 1.67 1.70 236 2.44 237 244
Electronic and other

electrical equipment . 77 1.68 1.68 195 2.03, 193 1.99
Transportation equipme 161 151 151 12.17 12.65, 17 10.83
Instruments and related pr 1.99 1.93 193 3.90 3.96 3.86 3.87
Nondurable goods industries . . . Lu 1.10 0.67 0.67 0.64 0.67
Food and kindred products - 0.82 0.83 &) & fein) ®
Tobacco products. . 1.83 1.96 & & @& &
Textile mill products 1.78 1.73 (NA) iA) (NA) (NA)
Paper and allied products : 125 122 (NA) IA) (NA) (NA)
Chemicals and allied products 117 117 ® x) (x) &)
Petroleum and coal products 0.82 0.84 (x) & (X)

Rubber and plastics products. 142 139 & & ©

® 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 machine
motor vehicle assembly operations; other transportation equipment; foods and related products; tobacco; knitting mill products; apparel and related products; chemicz
petroleum and coal products; and rubber and plastics products.

Table 9. REVISIONS TO PREVIOUSLY PUBLISHED MONTHLY PERCENT CHANGES
(Based on seasonally adjusted data)

Shipments ‘New orders Unfilled orders Inventories

Industry
Feb. Feb. Feb. Feb.
Feb? |  1995- Feb? | 1995- Feb? |  1995- Feb? | 1995-
Feb! | 1991} Jan. | Feb.' | 1991] Jan. | Feb.’ | 1991-] Jan. | Feb.' | 1991-| Jan.
1996} 1995] 1996] 1996} 1995] 1996} 1996] 1995 | 1996] 1996] 1995] 1996
All manufacturing industries .... .. fee) 01 02 (e9) 02 03 (x) 0.1 0.1 (x) 0.0 OL
Durable goods industries 03 0.1 02 02 03 04 -0.1 0.1 0.1 (e9) 01 0.1
Stone, clay, and glass products () 04 06 (x) 12 12 &) 1.0 07 x) 02 0.1
Primary metals ....... 02 03 04 05 07 09 02 04 03 (x) 0.0 02
Fabricated metal products wee &) 04 03 (x) 1.0 05 ® 05s 04 &) 02 02
Industrial machinery and equipment . 15 0.1 04 15 04 0.6 01 01 02 (x) 0.0 01

Electronic and other

electrical equipment . 03 02 03 0.4 04 06 04 02 03 ree) 0.0 0.0
Transportation equipment . . 0.0 03 os) -0.1 0.7 13 00 ol 02 & 00 03
Instruments and related prod () 01 03 (x) 19 07 () 04 02 (xX) 04 0.1
Nondurable goods industries . rela) 0.1 01 fe) 0.1 0.1 ) 02 03 x) Ol 01
Food and kindred products . &) 01 Ol (x) (x) (xX) (X) (X) (Xx) 8 0.1 0.2
Tobacco products . . 03) ol ol OO} Ol WM] Ww] & ) & 0.0 0.0
Textile mill products &) 02 03 (X) } (NA) | (NA) (X)] (NA) ] (NA) ‘X) 0.1 0.1
Paper and allied products . . &) 03 02 (xX) (NA) (NA) (X) (NA) (NA) (X) 0.1 03
Chemicals and allied products (X) 02 02 (xX) fe (xX) (xX) (xX) (x) 0.1 03
Petroleum and coal products % 0.4 02 & X (x) () ree) (x) x) 03 02
Rubber and plastics products . & 03 02 ¢ & (X) (x) (xX) (x) 0.2 0.1

Capital goods industries
Nondefense . Ll 0.1 04 07 04 07 0.0 OL 01 rea) 0.0 02
Defense .... 03 04 07 14 37 48 02 02 02 x) 0.2 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. T
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 t
durable goods industries are shown in the advance report for the month.

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


CURRENT INDUSTRIAL REPORTS

ies
By

J. S. Department of Commerce
nomics and Statistics Administration
BUREAU OF THE CENSUS

Manufacturers’ Shipments,
Inventories, and Orders

February 1996
(96)-2
For Wire Transmissions 10:00 a.m. E.S.T. April 3, 1996

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

Summary

New orders for manufactured goods in February decreased $4.5
billion or 1.4 percent to $304.4 billion, the Department of Commerce,
Bureau of the Census reported today. This follows a 0.2 percent January
decline, is the fourth decline in the last five months and is the largest since
the 2.2’ percent April 1995 decline. Excluding transportation, new orders
increased 0.2 percent, the third consecutive monthly increase. Year to date,
new orders are 1.8 percent above the same period a year ago.

Shipments, up three of the last four months, increased $2.6 billion or
0.8 percent to $304.0 billion, following a 1.5 percent January decrease. Year
to date, shipments are 1.5 percent above the same period a year ago.

Unfilled orders, up for the sixth consecutive month, increased $0.4
billion or 0.1 percent’ to $474.9 billion, following a 1.6 percent January
increase. The unfilled orders-to-shipments ratio was 2.83, down from 2.87
in January.

Inventories increased $1.0 billion or 0.2 percent to $422.3 billion, the
seventeenth consecutive monthly increase and the twenty-fourth in the last
twenty-six months. The inventories-to-shipments ratio was 1.39, down from
1.40 in January.

New Orders

New orders for manufactured durable goods in February decreased
$3.9 billion or 2.3 percent to $165.4 billion, revised from the previously
published 2.5 percent decrease. This follows’ a 0.6 percent January decline
and a 3.1 percent December increase, and is the fourth decline in the last
five months. Excluding transportation, new orders increased $1.2 billion or
0.9 percent to $127.1 billion; like total manufacturing, this is the third
consecutive monthly increase.

Transportation equipment had the largest decline, $5.0 billion or 11.7
peroent to $38.2 billion, du to aircraft and parts and shipbuilding and tanks.
is follows a 3.0 percent January decrease. Electronic and other electrical
equipment, down three of the last four months, decreased $0.4 billion or 1.5
percent to $27.0 billion, following 0.6 percent January decline. Stone, cla
and glass products, down for the first month since October, declined $0.
billion or 2.9 percent to $7.3 billion, following a 1.2 percent January
increase. Fabricated metal products, down four of the last five months,
decreased $0.2 billion or 1.3 percent to $16.0 billion, following a 3.4 percent
January increase. Industrial machinery and equipment had the largest
increase, $1.4 billion or 4.3 percent to $34.2 billion. This follows a 3.2
percent January increase and is the third increase in the last four months,
instruments and related products, up four of the last five months, increased
$0.6 billion or 4.8 percent to $12.3 billion, Primary metals increased $0.1
billion or 1.0 percent to $14.5 billion, following a 2.8 percent January
decrease. This is the first increase since October.

New orders for nondurable goods, down for the first month since
September, decreased $0.6 billion or 0.4 percent to $139.0 billion, following
20.3 percent January increase. The largest decreases were for paper and
allied products, food and kindred products, and chemical and allied products.

Shipments

Shipments of durable goods in February increased $2.6 billion or 1.6
percent to $164.7 billion, revised from the previously published 1.3 percent
increase. ‘This follows a 2.3 percent January decrease and is the third
increase in the last four months.

OUR INTERNET ADDRESS I:

http:/www.census.gov/ftp/pub/i

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

Industrial machinery and equipment had the largest increase, $1.3
billion or 4.1 percent to $33.4 billion, following a 1-5 percent January
decrease. Transportation equipment, up three of the last four months,
increased $1.0 billion or 2.8 percent to $38.4 billion; all industry components
increased. This follows a 4.1 percent January decrease. Electronic and other
electrical equipment, up three of the last four months, increased $0.7 billion
or 2.6 percent to $27.7 billion, following a 4.5 percent January decrease.
its and related products, up three of the last four months, increased

or 2.4 percent to $11.9 billion. Fabricated metal products, down
t month since November, decreased $0.2 billion or 1.5 percent to
$16.0 billion. Stone, clay and glass products, down for the first month since
September, decreased $0.2 billion or 2.5 percent to $7.3 billion.

Shipments of nondurable goods declined $0.1 billion to $139.2 billion,
following a 0.5 percent January decrease. Food and kindred products, down
for the first month since May, had the largest decrease, $0.4 billion or 1.1
percent to $37.8 billion. Chemical and allied products, down three of the
last four months, decreased $0.3 billion or 1.0 percent to $30.3 billion.
Apparel and related products, and petroleum and coal products had the
largest increases.

Unfilled Orders

Unfilled orders for durable goods in February increased $0.6 billion or
0.1 percent to $451.8 billion, revised from the previously published 0.2
percent increase. This follows'a 1.6 percent January increase and is the sixth
consecutive monthly increase.

Industrial machinery and equipment, up four ofthe last five months,
had the largest increase, $0.8 billion or 1.1 percent to $74.3 billion. This
follows a 1.0 percent January increase. Instruments and related products, up
for the fifth consecutive month, increased $0.4 billion or 0.9 percent to $46.5
billion. Primary metals, up six of the last seven months, increased $0.2
billion or 0.8 percent to $28.7 billion, following a 0.1 percent January
decrease. Electronic and other electrical equipment, down three of the last
four months, decreased $0.7 billion or 1.4 percent to $54.1 billion, following
a 0.7 percent January increase. Transportation equipment decreased $0.1
billion or 0.1 percent to $211.5 billion. This follows a 2.9 percent January
increase and is the first decline since October.

Inventories

Inventories of durable goods in February, up for the seventeenth
consecutive month, increased $0.7 billion or 0.3 percent to $267.2 billion,
following a 1.0 percent January increase. Transportation equipment had the
largest increase, $0.5 billion or 0.9 percent to $60.6 billion, following a 2.2
percent January increase. Industrial machinery and equipment, up for the
cighth consecutive month, increased $0.4 billion or 0.8 percent to $55.6
billion. Fabricated metal_products, up for the first_month since July,
increased $0.2 billion or 0.7 percent to $24.9 billion. Electronic and other
electrical equipment decreased $0.3 billion or 0.7 percent to $47.4 billion.
This follows increases in thirty-six of the last thirty-nine months.

Inventories of nondurable goods, up for the third consecutive month,
increased $0.2 billion or 0.2 percent to $155.0 billion. This follows a 0.1
percent January increase. The largest increases were for food and kindred
products and chemical and allied products.

By stage of fabrication, February finished goods increased 0.3 percent
in durables and 0.4 percent in nondurables. Work in process increased 0.2
percent in durables and declined 0.2 percent in nondurables. Materials and
supplies increased 0.4 percent in durables and increased slightly in
nondurables.

dicator/www/m3prel.html

‘The advance report on durable goods for March is scheduled for April 24, 1996 at 8:30 a.m. and the full report on May 2, 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 11
New Orders and Shipments

Three Month Moving Averages
Billions of Dollars

52;------------------------------------- New Orders | 52

Shipments

L L i L L L 1 L 1. L i L L
Feb Apr Jun Aug Oct Dec Feb Apr Jun Aug Oct Dec Feb
Feb. 1994- Feb. 1996

Defense Capital Goods
New Orders and Shipments

Three Month Moving Averages
Billions of Dollars

"1 "1
New Orders

1Of-------------------------------------- 10
Shipments

9F-------------------------------- 2-22 TT 49

5 ko 1 n n n n n L n n n n L

5
Feb Apr Jun Aug Oct Dec Feb Apr Jun Aug Oct Dec Feb
Feb. 1994-Feb. 1996

Note: All Charts based on seasonally
# U.S, GOVERNMENT PRINTING OFFICE: 1996 404-450/20063 adjusted current dollars.


Table 7, VALUE OF MANUFACTURERS’ INVENTORIE:

BY INDUSTRY GROUP
(Millions of dollars)

‘S, BY STAGE OF FABRICATION,

Seasonally adjusted

Not seasonally adjusted

Industry Monthly Percent Change Monthly Percent
change
Feb. Jan. Dec, | Jan- | Dec.- | Nov- Feb. Jan, Dec. Feb. | Feb.
1996 | 1996" 1995 | Feb. | Jan, | Dec. | 1996" | 1996" 1995 1995 | 96/95
MATERIALS AND SUPPLIES
All manufacturing industries... . 139,035 | 138,692 | 137,954 -0.3 | 139,227 | 139,498 | 137,855 | 131,170 +6.1
Durable goods industries 81,880 | 81,560 | 80,902 20.2 | 82,116 | 82,255 | 80,834 | 76,688 | +71
Stone, clay, and glass products 2,06 | 2801 | 2,778 3.0 | 2.797 | 2/809 ,780 | 2,675, +46
Primary metals... ... . 6,753 | 6,736 | 6,716 10 | 6,699 | 6835 | 6930 | 6.739 -06
Fabricated metal products... | = 8'701 | 8'576 | _8'394 -10 | 8731 8,664 | 8.534 | 8.625 +12
Industrial machinery and equipment | 18,880 | 18'767 | 18670 0.0 | 19,060 | 18,898 | 18355 | 17/480 +90
Electronic and other
electrical equipment . . . 16,376 | 16,400 | 16,497 -0.5 | 16,329 | 16,462 | 16,286 | 14,044 | +163
Transportation equipment ... ; 10,381 | 10,422 | 10,014 +07 | 10418 | 10,418 | 9/960 | 10,476 0.6
Instruments and related products . S417 | 7339 | 7,243 404 382 | 7,332 | 7,125 | 6,756 493
Lumber, furniture and
miscellaneous durable goods ... . 10,566 | 10,519 | 10,590 40.2 | 10,700 | 10,837 | 10,864 | 9,893 +82
Nondurable goods industries . . 57,155 | 57,132 | $7,052 -04 | 57,111 | 57,243 | 57,021 | 54,482 +48
Food and kindred products 10,628 | 10,555 | 10,562 +05 | 10,762 | 10872 | 10,774 | 10,253 +5.0
Tobacco products 736 .723 | 4,713 +06 | 5,061 5,084 1970 | 4902 | +14
Textile mill 3,070 | 3,026 | 3,024 04 | 3,079} 2996 | 2960] 2904] +60
aper and alli 8018 | 8023 | 8153 18] 7962 | 7949] g149 | 7349 | 483
Chemicals and 11,680 | 11,658 | 11,600 ll] 11641 | 11619 | 14561 | 11423 | 419
Petroleum and coal products 3,516 | 3;562 | 3503 +36 | 3379 | 3/375 368 | 2,887 | +170
Rubber and plastics products |. | | 4979 | 4971 979 21 996 .947 | 4999 | 5,287 “55
Apparel, printing and publishing
and leather goods ............. 10,528 | 10,614 | 10,518 05 | 10,231 | 10,401 | 10,240 | 9,387 | +9.0
WORK IN PROCESS
All manufacturing industries... . . 137,249 | 137,121 | 135,585 | +01 | +11 | +05 | 137,170 | 135,696 | 131,105 | 131,253 445
Durable goods industries. 112,259 | 112,089 | 110,769 | +02] +12] +405 | 112,356 | 110,741 | 106972 | 107,199 | +48
Stone, clay, and glass pro 1326 | 1300 | 1293 | 420] +405] -19] 1367] 1258 205 1250 49.4
Primary metals 2... 8356 | 8400 | 8'370 05] +04) +07] 8340] 8330] 8219 | 7787] 471
7,599 | 7,603 | 7/835 1} 301 -16 3595 | 7575 | 7,635 | 7/850 3.2
20,581 | 20,263 | 19,855] +16] +21} +14] 20388 | 197716 | 18'843 | 19'047 47.0
electrical equipment . . 17,753 | 18,158 | 17,840 22) +18] +29] 17,879] 18,155 | 17,112 | 16851 46.1
Transportation equipment 42,023 | 41,634 | 40975 | +09] +16] -03 | 42088 | 41286 | 30'889 | 39884 | +5°5
Instruments and related px 9,656 | 9,713 | 9,628 | -06] +09] +07] 91735 | 9431 231 443 43.1
Lumber, furniture and
miscellaneous durable goods . 4965] 5,018 | 4,973 -l] +09] -17] 4,964 | 4,990 | 4,836 | 5,087 2.4
Nondurable goods industries . 24,990 | 25,032 | 24,816 +09) +03 | 24,814 | 24955 | 24,133 | 24,054 43.2
Food and kindred products | 4,295 | 4279 230 +12] 401 1250 | 4,485 | 4:514 | “3,921 484
Tobacco products. . 176 193 194 05} +10 173 210 191 191 9.4
Textile mill products. | | 2,721 | 2,770 | 2,784 05 | 07} 2,726} 2,779} 2,648 | 2,630 $3.7
Paper and allied d products 1,628 | 1,622 1,582 +25 | +401 1609 | 1,621 1549 | 1283 | +254
Chemicals and allied products": 5850 | 5,774 | 5/715 +10 7 +12 | 5866 | 5:738 | 5587 | 5338 +9.9
Petroleum and coal products ..-.. ] 2/238 | 2/338. | 2201 #21] 466] 23175 | 2.266 | 2133 | 2439 | -108
Rubber and plastics products |||. | 2,033 | 2023 | 2/016 +03) -16 | 2066 | 2/062 | 17998 | 2'061 +02
Apparel, printing and publishing
and leather goods ............. 6,049 | 6,033 | 6,004 +05} 25] 5949] 5,794] 5,513 | 6,191 39
FINISHED GOODS
145,992 | 145,504 | 144,988 | +03 | +04] +05 | 147,737 | 143,994 | 139,544} 139306] +61
73,101 | 72,881 | 72,245 | +03] +09] +01 | 74471 | 72,164] 69,089 | 69,716 | +68
3106 | 4.141 | 4163 08] 05] +04] 4183 | 4130 | 4033 3060 | +3.0
6,696 | 6.732 | 6,767 05] 05) +05] 68371 6723 | 6.583 | 6.897 -09
8573 | 8527 | 3541 | +405] 02 00] 8706 | 8316} 7997 | 8417 43.4
16,169 | 16,182 | 15,789 | -0.1 | 425] 0.5 | 16823 | 16489 | 157365 | 15°226 | +103
electrical equipment... . . | 13268 | 13,181 | 13,075 | +07] +08] +413] 13,164] 12,821 | 12,254] 11343 | +161
Transportation equipment . . -| 8227 | 8053 | 7852 | 422] 426] -10| Bisog] 7% 77399 | 8286 42.9
Instruments and related products... | 6,112 | 6070 | 6025 | +07] 407 | +04 997 | 5,791 5,867 | 5,598 471
Lumber, furniture and
miscellaneous durable goods . . . . 9,950 | 9,995 | 10,033 05} 04] 03] 10233 | 9965] 9,591 9,889 | 43.5
Nondurable goods industries . . 72,891 | 72,623 | 72,743 | +04] 02] +10] 73,266} 71,830 | 70,455 | 69,590 453
Food and kindred products 16,725 | 16,604 | 16,802 | +07{ -12 0.0 | 16801 | 16588 | 16,569 | 17,128 -19
Tobacco products ........ 612 654 663] -64) -14] 423 726 703 673 876 | 17.1
Textile mill products. ; 4595 | 4,597 | 4,648 00} -L1 03 | 4,686 | 4,530] 4324] 4si6| 438
Paper and allied products - 7235 | 7.185 | 7,092 | 40.7) +13] 435] 7352] 7154] 6330 | s'670 | 420.7
Chemicals and allied produ 18,511 | 18,503 | 18,609 00] 06) +14] 18949 | 18/553 | 18:471 | 18383 43.1
Petroleum and coal products. 5,583 448 | 5,401 | +25] 409] 453] 5472 | 5286] 51124] 5400 +13
Rubber and plastics products - | |: | 6,885. 6,907 6,918 03 0.2 03 7,082 6,921 6711 6,700 45.7
Apparel, printing and publishing
and leather goods ............. 12,745 | 12,725 | 12,610 | +02] +09] -02] 12,198 | 12,095 | 11,7441 10917} 411.7

Preliminary. ‘ Revised.

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


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

(Millions of dollars)

‘Seasonally adjusted

Not seasonally adjusted

Industry Monthly Percent Change Monthly Percent
change
Feb. Jan. Dec.| Jan-| Dec.-|_Nov.- Feb. Jan. Dec. Feb.| Feb.
1996] 1996" 1995] Feb.]|  Jan.| Dec.| 1996" 1996" 1995 1995] 96/95
All manufacturing industries... . . 474,873 | 474,467| 467,045] 40.1] +16] +0.8] 477,935 | 475,631] 461,357] 465,440] +2.7
Manufacturing industries
without defense capital goods ..... 366,763 | 365,430] 359,224] +04] +1.7] +08] 369,147] 365,670] 353,072] 352,935 +4.6
Durable goods industries ......... 451,808] 451,190] 444,078] = +0.1 +16] +1.0] 455,236] 452,985} 439,459] 439,803, 43.5
Stone, clay, and glass products 8,016 8,025 8,003 0.1 +03 +0.4 8,138 1,774 7,640 8100]  +0.5
Primary metals ........ 28,727| 28,506] 28538] +08] 0.1] +0.7) 29,879] 28,880] 27,482] 30,319] -1.5
Blast furnaces, steel mills . 12375] 12,463| 12434] 0.7] +02] +26] 13,019] 12,605] 11,669] 12,104) +76
Iron and steel foundries 3,964] 3,747 x +58] 427| -14] 4,063] 3.778] 3,540] 3,968] 42.4
Nonferrous and other prim:
metals : 12,388] 12,296} 12,455} 40.7] 9-13] 0.4] 12,797] 12,497] 12,273] 14,247] 10.2
20992] 20,969] 20981} +0.1 0.1 -12] 21,023] 20,899] 20,691} 21,209] -0.9
74307] 73,491] 72,757] +1] +1.0] 1.0} 75,401) 74,324) 72,402] 71,232) $5.9
Engines and turbines .......... 10,611 10,552 10,434 +06 +11 “19 10,691 10,852 10,859 10,148 45.4
Construction, mining and
material handling equipment . 8,943 8,580 8,547 442 +04 +12 9,202 8,713 8,459 7,664| +201
Metalworking machinery ..... 9,951 9,755 9,550 42.0 42.1 47 9,951 9,755 9,550| 10,252 2.9
Computer and office equipment 11,400) 11,523} 11,675} 1. 13} -17] 11,058] 10.972] 11,223] 11,930} -73
Electronic and other
electrical equipment $4,127] 54,871] 54,503] -1.4] 40.7] 14] 54,675] 55,366] 52,760] 49,729] +9.9
Electrical transmission
distribution equipment and
industrial apparatus ........... 5800] 5,684] 5,729] +20] -o8} -12] 5,821] 5,685] 5,679] 6,118] 4.9
Electric lighting and
wiring equipment ....... 4017] 3,954] 3,843] 41.6] 429] 4291 4017] 3,954] 3,843) 3,872
Communications equipment 18,055] 17,888] 17,262] 40.9] 43.6 -3.1| 18,030] 17,849] 17,257] 15,276
Electronic components 21,203 | 22,384] 23,056 53 29 17] 21,585] 22,735] 21,568] 18,825
Transportation equipment . 211,457] 211,596] 205,659]  -0.1] +29] © #2.8] 211,910] 212,164) 205,469) 203,321
Aircraft, missiles,
space vehicles, and parts. ... . 182,257] 181,866] 176,906] +02] +28 +3.4| 182,530] 182,392} 176,929] 170,298
Shipbuilding and tanks ....... 16,960] 17,253] 16,381 7] 45.3 -0.2| 16,920] 17,162] 16,254] 19,331
Instruments and related products . . 46,505] 46,082] 45,948} +09] +403) +08] 46,953] 46,491] 46,368] 48,203
Search and navigation equipment 29,087] 28,902} 29,041 +0.6 0.5 +13] 29,517] 29,339] 29,487] 31,150
Measuring and controlling devices . 10,384] 10,353] 10,106} +0.3 42.4 +0.2| 10,384] 10,353] 10,106 9,885,
Medical instruments and supplies 6174] 6,034] 5,943] 423) +151 = 0.8] 6,174] 6,034 : 6,289
Alll other durable goods .......... 7,677 7,650 7,689| +04 05 2.5 7,257 7,087 6,647 7,690
Nondurable goods industries ....... 23,065 | 23,277] 22,967 09 +13 3.1] 22,699} 22,646] 21,898] 25,637

” Preliminary. ‘ Revised.

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


Table 2. VALUE OF MANUFACTURERS’ NEW ORDERS FOR INDUSTRY GROUPS

(Millions of dollars)

Seasonally adjusted

Not seasonally adjusted?

Monthly Percent Change Monthly Percent Year to date
Industry change
Feb.| Jan] Dec. | Jan-| Dec-| Nov-] Feb.| Jan. Dec.|  Feb.| Feb.
1996} 1996} 1995] Feb.| Jan.] Dec.] 19967} 1996] 1995] 1995] 96/95] 19967 | 1995
All manufacturing industries ... . . 304,377] 308,839] 309,467] 1.4) -0.2}_ +1.7] 304,047] 286,088] 306,722] 299,933} +1.4] 590,135] 577,605
Manufacturing industries
with unfilled orders: 167,945] 172,646] 173,422 +2.7| 167,184] 160,905] 178,307] 163,904]  +2.0] 328,089] 317,223
without defense capital goods . 298,960] 301,323) 302,303] +4.1] 299,099] 279,222] 296,524] 293,870] +18] 578,321] 566,305
Durable goods industries. 165,361| 169,238] 170,234 167,513} 156,982) 172,354] 164,850] +1.6] 324,495] 316,018
With unfilled orders. . . 133,594] 137,523] 138,483 133,198] 128,123] 144,192] 129,541) +2.8] 261,321] 250,432
Stone, clay, and glass products . . 7,301) 7,520) 7,115] 6,569] 6,345] 6,842) 9 +4.0] 13,684] 13,310
Primary metals ........ 14,527] 14:399] 15,649] 15,105] 14,430] 16,223] -3.5] 30,754] 32,419
Blast furnaces, steel mills . 6,006] 6,143 6,703} 6,852] 6,030] 7,041) 4.8) 13,555] 14,137
Iron and steel foundries . . 1,508) 1,397 1,628] 1,461] 1,022) 1,539] +5.8] 3,089] 2,953
Nonferrous and other primary
metals : 7,013} 6,850 7,318) 6,792] 7,378) 7,643] «= -43) 14,110] 15,329
Fabricated metal products 16,015] 16,220} 16,159] 15,001] 14,937} 16,157] 0.0] 31,160] 31.314
Industrial machinery and e 34,192] 32,792] 33,853) 28,814] 34,251] 30,817] +99] 62,667] 58,065
Engines and turbines . 1,926] 1,979] 1,677] 1,505} 2,077] 1,524] +10.0 3,182] 2,974
Construction, mining an
material handling equipment ....{ 3,705] 3,425 4,015} 3,350] 3,694) 3,426 +17.2 7,365} 6,830
Metalworking machinery +] 3,741] 3,463) 3,659] 2,875] 3,167] 3,479] +5.2 6,534) 6,634
Computer and office equipment ...] 10,007] 8,725 9,112] 6,222] 11,381] 7,638] +193] 15,334] 13,419
Electronic and other
electrical equipment ........... 26,962] 27,381 26,147] 26,176} 29,170] 24,703] +5.8] 52,323] 49,090
Electrical transmission and
distribution equipment
industrial apparatus . . 2,923] 2,787] 2,847] +49) -2.1] 42.7] 3,038] 2,484] 2,757] 3,042) -0.1] 5,522] 5,738
Electric lighting and
wiring equipment ............ 1,992} 2,049} 2,046} 2.8] +0.1] +12.0] 2,069] 1,846} 2,103] 2,100] -1.5] 3,915] 3,964
Communications equipment . . 6,902] 6,932} 6,517] -0.4] +641 -1.7) 6,364] 5,696] 9,024] 5,100] 424.8] 12,060] 10,257
Electronic components . . 9,630] 10,036] 10,654) -4.0]  -5.8] +81] 9,466] 10,995] 10,144] 9975] 5.1] | 20,461] 20,020
Transportation equipment . . 38,240) 43,286) 44,631] -11.7] -3.0| +12.3] 40,808] 40,245] 44,811] 42,604) 4.2] 81,053] 78,196
Aircraft, missiles,
space vehicles, and parts. 8,115] 12,193] 14,056] -33.4) -13.3] +44.6] 7,550} 11,073) 17,253] 8,889} -15.1| 18,623] 14,516
Shipbuilding and tanks ..... 581} 1,687) 785) -65.6] +114.9| +29.5] 601} 1,598) 847 486] +23.7 2,199] 1,976
Instruments and related products 12,335] 11,770] 12,238] +48] -3.8] +3.5] 12,053) 10,433] 14,028) 11,123] +84] 22,486] 21,517
Search and navigation equipment 2,739] 2,341] 2,809] +17.0] -16.7] +16.2} 2,720) 1,954) 3,917] 2,134] +27.5| 46741 4,173
Measuring and controlling devices .} 3,913) 3,923] 4,187] -0.3] -6.3] +7.1] 3,828] 3,595] 4,495] 3,772) +15] 7,423 7,290
Medical instruments and supplies 3,349] 3,224) 3,156] +3.9) +22! +13) 3,301] 2,982} 3,446} 3,027) 49.1 6,283] 5,930
Alll other durable goods .......... 15,789] 15,879] 16,128} 0.6] -1.5] -2.4) 15,729] 14,639] 14,382} 16,381 4.0] 30,368} 32,107
Nondurable goods industries . 139,016] 139,601] 139,233] -0.4] +03] +0.2} 136,534] 129,106] 134,368] 135,083]  +1.1] 265,640] 261,587
With unfilled orders... . 34,351) 35,123] 34,939] -2.2) +0.5]  -2.2] 33,986] 32,782] 34,115] 34,363] -1.1] 66,768} 66,791

° 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 dolla

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 nonsamj

which includes errors of coverage, response, and nonreporting. Since the survey panel is not a probability sampte,

details on survey design, methodology,

“Manufacturers’ Shipments, Inventories, and Orders: 1982-1992."

estimates of sampling error cannot be calculated.
and data limitations are contained in our most recent annual benchmark publication, Current Industrial Reports: M3-1(92)

pling error
urthe


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

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

Feb. Jan. Dec. | Jan.- | Dec.- | Nov.- Feb. Jan. Dec. Feb. Feb.
1996" 1996" 1995 | Feb. Jan.| Dec.] 1996" 1996" 1995 1995 | 96/95 1996" 1995

All manufacturing industries... . . 303,971} 301,417) 305,907) +0.8)  -1.5)  +0.7} 301,743] 271,814] 302,720} 295,576) +21} 573,557] 563,933

Manufacturing Industries
with unfilled orders ....... - | 167,539} 165,224] 169,862] +14) -2.7} +0.8) 164,880} 146,631] 174,305} 159,547 +33) 311,511] 303,551
without defense capital goods .. . | 297,627] 295,117] 299,548] +09] -1:5] +0.6] 295,622] 266,624] 295,058] 289,218] +22) 562,246] 552,033

164,743] 162,126] 165,946] +1.6 -2.3] +0.6] 165,262] 143,456] 167,609] 160,976] +2.7| 308,718] 303,663
132,976] 130,411] 134,195] +2.0 -2.8} —+0.9| 130,947] 114,597] 139,447] 125,667] 44.2) 245,544) 238,077
7,310) 7,498) 7,399] -2.5]  +1.3) +0.6] 6,751} 6,435) 6,439] 6,656) +14 13,186} 12,724
14,306] 14,422] 14,590] -0.8) 12-1 14,650} 13,707) 13,517] 15,456) 5.2 28,357} 29,959
6,094) 6,114) 6,103) -0.3) +0.2} -1.8) 6,289) 5,916} 5,608} 6,571. 43 12,205} 12,684
1,291 1,299] 1,320] -0.6) 1.6 +3.0) 1,343) 1,223] 1,111 1,384) 3.0, 2,566 2,672

metals 6,921} 7,009) 7,167) -1.3)  -2.2} -1.1) 7,018] 6,568] 6,798] 7,501 6.4) 13,586] 14,603
Fabricated metal products. 15,992] 16,232] 15,935] -1.5]  +1.9}  +0.8} 16,035] 14,793) 14,922] 15,882] +1.0/ 30,828] 30,597
Industrial machinery and equipment .| 33,376] 32,058] 32,536} +4.1] -1.5| +19] 32,776] 26,892) 35,784] 29,401] +115] 59,668] 54,029

Engines and turbines... 1,867} 1,861] 1,739} +03} +7.0, -2.1) 1,838} 1,512) 2,314) 1,887] -2.6} 3,350) 3,450
Farm and garden machinery . . 1,937] 1,906] 1,817] +16] +49} -1.3} 2,352[ 1,714] 1,455] 2,256] +43 4,066 3,912
Construction, mining and

Durable goods industries . .
With unfilled orders :

Stone, clay, and glass products

Primary metals... .
Blast furnaces, steel
Iron and steel foundries.
Nonferrous and other primary

material handling equipment ....| 3,342] 3,392] 3,660] -1.5] 7.3] +8.6f 3,526] 3,096] 3,539] 3,349] +53] 6,622| 6,165
Metalworking machinery . . 3,545] 3,258] 3,367] +88] -3.2] -2.3] 3,463) 2,670] 3,639] 3,223] +74] 6,133] 5,959
Computer and office equipment ...] 10,130] 8,877] 9,236] +14.11 -3.9] 0.0 9,026] 6,473] 12,534] 6,995} +29.0] 15,499] 12,689

Electronic and other
electrical equipment ........... 27,706] 27,013] 28,300] +2.6| -4.5]  +1.7| 26,838] 23,570] 30,776] 23,889] +123] 50,408] 45,493

Electrical transmission and
distribution equipment and
industrial apparatus... . 2,807] 2,832] 2,919] -09] -3.0, +09) 2,902] 2,478] 2,894] 2,922] -0.7] 5,380] 5,366
Household appliances . . .

1,915| 1,935] 1,922) -1.0} 40.7] -2.3) 1,827] 1,653] 1,742] 1,800] +1.5] 3,480] 3,432
Electric lighting and

wiring equipment ........... 1,929] 1,938] 1,936] -0.5] 40.1] +1.5] 2,006] 1,735] 1,993] 2,013] 03) 3,741] 3,735
Household audio and
video equipment ........
Communications equipment
Electronic components . .
Transportation equipment . .
Motor vehicles and parts
Aircraft, missiles,
space vehicles, and parts.
Shipbuilding and tanks
Instruments and related prod

1,166] 1,109] 1,203] +5.) -7.81  -4.3) 1,066] 906] 1,147] 1,035] +3.0] 1,972] 1,949
6,735] 6,306] 7,064] +6.8] -10.7] +68] 6,183} 5,104] 9,567] 5,255] +17.7| 11,287] 9,985
10,811] 10,708] 11,052} +1.0] -3.1) | +0.1] 10,616] 9,828] 11,141} 8,886] +195] 20,444] 17,127
38,379| 37,349] 38,966 +281 -4.1] 0.0] 41,062) 33,550] 38,079} 42,205] -2.7] 74,612] 78,049
27,741| 27,517] 27,513] +08] 0.0] +0.5] 30,778] 25,642] 24,522] 31,065] -0.9] 56,420] 57,554

7,724] 7,233} 8,310} +6.8) 13. 3.1] 7,412) 5,610) 10,522) 8,357) -11.3 13,022] 15,110
874) 815) Bil} +72) +05] +09) 843 690) 961 804) +49 1,533 1,584
11,912] 11,636] 11,891f +24) -2.1]  +0.8) 11,591] £0,310} 12,929) 11,192] 43.6] 21,901] 21,332

Search and navigation equipment .] 2,554] 2,480] 2,430] +3.0/ +2.) +02) 2/542] 2102] 2,796) 215241 40.7 4,644] 4,730
Measuring and controlling devices . 3,882) 3,676) 4,163) +5.6) -11.7] +74] 3,797} 3,348) 4,471} 3,487] +8.9 7,145 6,654
Medical instruments and supplies. 3,209) 3,133} 3,204) +24) -2.2] +2.9) 3,161] 2,891) 3,494) 3,055) 435 6,052 5,933
Photographic goods .... 1,862 1,928 1,671 3.4) +154) -14.8) 1,711 1,597 1,769) 1,751 23 3,308 3,286

All other durable goods .. . 15,762] 15,918} 16,329 1.0] -2.5) 1.1] 15,559] 14,199] 15,163} 16,295) 4.5) 29,758) 31,480
139,228) 139,291] 139,961 0.0) -0.5)  +0.8) 136,481] 128,358} 135,111] 134,600] +14] 264,839] 260,270
34,563) 34,813) 35,667) -0.7) -2.4)  +0.3} 33,933] 32,034] 34,858] 33,880 +0.2) 65,967] 65,474
37,821] 38,260) 37,850) 1.1) +11] +0.2) 36,953} 35,278] 37,969] 35,374] +45 72,231) 68,667
8,639] 8,655} 8,899) -0.2) -2.7)  -0.2) 8,397) 8,089) 8,799] 7,957] +5.5 16,486} 15,521
Dairy products 4,850] 4,977] 4,960] -2.6] +03} +0.6 4,772] 4,714] 4,859] 4,679) +2.0 9,486 9,178
Beverages ... : 5,639} 5,686] 5,509) -0.8)  +3.2) +14) 5,075] 4,871 5,172) 4,751 +68 9,946 9,225
All other foods, except fats and oils 16,430) 16,879] 16,425] -2.7)  +2.8)  +1.1] 16,446) 15,541] 17,082] 16,011 42.7) 31,987} 30,813
Tobacco products .. . 3,036} 3,040) 2,835) -O.1) +72) -5.8) 2,851] 2,648] 2,991] 2,761 433 5,499 5,236
Textile mill products . . 5,961 5,838} 6,053) +2.1 -3.6{ -0.8) 5,810] 4,993] 5,498] 6,194 62 10,803) 11,719
Broadwoven fabrics and

Nondurable goods industries

With unfilled orders . . ..

Food and kindred produc
Meat products. .

other textiles ........ 3,662) 3,668) 3,703) 0.2) 0.9) -14) 3,647] 3,213) 3,487 3,951 77 6,860: 7477
Paper and allied products . . 13,201] 13,442] 13,754] -1.8| -2.3] -1.2) 13,248] 12879] 13,275] 13,490] 1.8) 26,127] 26,113
Pulp, paper, and
paperboard mill products ...... 5,281 5,476} 5,763} -3.6| 12) 5,318} 5,236) 5,635] 5,788) 8.1 10,554 11,129
Paperboard containers and boxes ..| 3,687] 3,718] 3,710 -0.8 25] 3,646, 3,554) 3,424] 3,580] +18] 7,200) 6,974

Miscellaneous converted
paper products
Chemicals and allied products

4,233) 4,248] 4,281 0.4)
30,304] 30,596] 30,790) -1.0}

0.1] 4,284) 4,089) 4,216) 4,122 43.9 8,373 8,010
40.7] 30,061] 29,122) 29,606) 30,456) -13] 59,183] 59,387

Industrial chemicals ... . 15,821] 15,936] 16,162} -0.7| 0.0, 16,011] 15,202] 15,036] 17,046) 6.1] 31,213} 33,081
Drugs, soaps, and toiletries . 10,798] 10,896] 11,014} = -0.9] 4+24{ 10,420) 10,607] 11,557) 9,978 +44 21,027) 19,900
Petroleum and coal products 14,122] 13,919) 13,407] +1.5} $6.2) 12,967] 12,451] 12,957] 12,100) 47.2) 25,418) 23,427
Rubber and plastics products . 9,994) 9,817) 10,017} +18 +0.5) 10,087] 9,107} 9,050) 10,137) -0.5 19,194] 19,613.
All other nondurable goods 24,789] 24,379) 25,255} +1.7 +1.6) 24,504] 21,880] 23,765) 24,088) +17] 46,384) 46,108

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 relatine to survev variabilitv