Table 4. VALUE OF MANUFACTURERS’

(Millions of dollars)

INVENTORIES FOR INDUSTRY GROUPS

Seasonally adjusted

‘Not seasonally adjusted

Industry Monthly Percent Change Monthly Percent
change
Mar. Feb Jan.| Feb-| Jan-}— Dec.- Mar. Feb. Jan. Mar.| Mar.
1995° 195° 1995] Mar. Feb. Jan. 1995" 195° 1995 1994] 95/04
All manufacturing industries 402,330} 399,726] 396,104 40.7 +0.9 +1.1] 402,406] 401,729] 394,792] 379,434 +6.1
Manufacturing industries
with unfilled orders : 268,064 | 265,715] 263,455 +09 +09 +1.2] 267,503] 266,133] 261,106] 250,539 +68
without defense capital goods 380,114] 377,442] 373,494 +0.7 +11 41.2] 380,278] 379,632] 372,755} 353,981 +74
Durable goods industries 253,807 124} 250,251 +0.7 40.7 +11] 253,719] 253,603] 248,914] 238,002 +6.6
With unfilled orders 232,325] 230,615] 228,937 40.7 +0.7 +11} 231,499] 231,088} 226,981] 217,191 +6.6
Stone, clay, and glass products 7,838 7,720 +09 +0.6 +09 8,064 7,985 7,765 7,702 $4.7
Primary metals. . . 21414 21095} 404] +1 +16] 21364] 21.423} 21,137] 19,401] +101
Blast furnaces, steel mills 10,103 9,912 40.2 +17 +14 9,931 10,184 10,079 9,297 +68
Iron and steel foundries 1,612 1,600] +09 “0.1 0.2 1,656 1614 1,602 1498} +105
Nonferrous and other primary
metals see 9,699 +06) +06) 42.1 9777 9,625 9,456 8,606] +136
Fabricated metal products 25,120 +16] +16] +07] 25.446] 24,892] 24353] 23,079] +103
Industrial machinery and equipment 51,894 +1.0 +10 +24] 51,485] 51,753] 50,676] 47,000 49.5
Engines and turbines _ 3,948 43.6 0.0 -0.7 3,837 3,688 3,614 3,430] +11.9
Farm and garden machinery . . 2,869 +0.5 +0.6 404 2,992 3,122 3,101 2,516] +18.9
Construction, mining and
material handling equipment 6,383 +12] +13] 408 6,492 6,387 6,234 5,790} +12.1
Metalworking machinery : 5,914 +10 40.7 +19 5,849 5,834 5,735 5,200] +12.5
Computer and office equipment 11,573 -0.8 0.2 +6.7 11,041 11,549 11,465 11,150 -1.0
Electronic and other
electrical equipment 42,578 41,421 +0.8 +2.0 42.5] 42371 42.238} 40,849] 34,871] 421.5
Electrical transmission and
distribution equipment and
industrial apparatus 4,832 4,805 4,790 +0.6 +0.3 +17 4,815 4,769 4715 4,259 +131
Household appliances 2,911 2,894 2,843 +0.6 +18 42.5 3,054 3,017 2,830 2,690]  +13.5
Electric lighting and
wiring equipment 3,174 3,166 3149] +03] +05] +20 3,196 3,152 3,060 2,976] +74
Household audio and
video equipment . . . : 1,425 1,389 1350] +26] +29 +42 1,368 1,329 1,287 1,006] +360
Communications equipment 13,716] 13,626] 13,042] +0.7] 44.5] 44.3] 13,613] 13,707] 12,888 9,867] +38.0
Electronic components 12,916 12,848 12,703 +05 +h +17 2,761 12,787 12,604 10,886} +17.2
Transportation equipment . 58,742] 58,333] 58,561] —+0.7 -04 02] 58,745] 58,646} 58.234] 60,516 -2.9
Motor vehicles and parts 12,269 12,150 12,106 +1.0 +04 +0.6 12,255 12,352 12,270 11,663 45.1
Aircraft, missiles,
space vehicles, and parts. 41,866 41,597 42,016 +0.6 -1.0 0.5 41,751 41,538 41461 44,625 64
Shipbuilding and tanks 1,574 1,566 1,532 +0.5 +2.2 +0.9 1,601 1,587 1,616 0.9
Instruments and related products . . . 21,933 21,904 21,811 40.1 +04 04 21,722 21,797 21,661 +03
Search and navigation equipment 5,586 5,616 5,565 -0.5 +0.9 -0.6 5,471 5,609 5,558 -1.6
Measuring and controlling devices 6,826 6,834 6,769 “0.1 +1.0 +10 6,833 6,843 6,470 $5.6
Medical instruments and supplies 6,073 6,058 6,107 +0.2 -0.8 “14 5,982 5,994 6,087 -17
Photographic goods 2,564 2/531 2497) +13 14 -0.2 2,354 2,483 2,743 69
All other durable goods . 24,288 24,477 24,475 -0.8 0.0 40.1 24,522 24,869 23,772 $3.2
Nondurable goods industries . 148,523 | 147,602] 145,853 40.6{ +12] +12] 148,687] 148,126] 145.878] 141.432] +5.1
With unfilled orders . 35,739} 35,100] 34,518 +18 +17 +16] 36,004 35,045 34,125] 33,348 +8.0
Food and kindred products 31,363] 31,287] 31,167 40.2 +04 +10] 30,809] 31,302] 31,688] — 29,833 43.3
Meat products 3,508 3,483 3456] 40.7] +08] 9 413 3,557 3,506 3,384 3,304) -+7.7
Dairy products . . . 2,808 2,795 2788} +05] +03] 40.1 2,749 2,694 2,709 2,631 +45
Beverages noe - 5,368 5,309 5,260} +11] +09) 424 5,363 5,307 5,270 $306} +11
All other foods, except fats and oils 18,116 18,056 18,037 +03 +0.1 40.8 17,500 18,071 18,584 16,616 +53
Tobacco products 5,499 5,688 5,692 33 -0.1 -15 5,565 6,059 6,013 6187] -10.1
Textile mill products . . . 9,996 9,900] 9,844] +10] +06] +03) 10,084] — 10,050 9811 9.726] $3.7
Broadwoven fabrics and
other textiles o 5,578 5,526 5,492 +0.9 +0.6 +0.2 5,628 5,633 5,526 5,439 43.5
Paper and allied products 14,385 14,132 13,872 +18 +19 +19 14,660 14,302 13,916 13,630 +7.6
Pulp, paper, and
paperboard mill products 5,525 5,492 5,445 +0.6 +09 +17 5,630 5,567 5,477 5,921 4.9
Paperboard containers and boxes 3,884 3,780 3634] +28] +40] 43.5 3,969 872 3,677 3.201)  +24.0
Miscellaneous converted
Paper products 4,976 4,860] 4,793 24] +14] +09 5,061 4,863 4,762 4508} +123
Chemicals and allied products 34,645} 34,631 34,400 0.0 +0.7 +0.3] 35,063] 35,144] 34,523} 34.379 42.0
Industrial chemicals 16,905] 17,029] 16,883 -0.7| +09} +16] 17,023] 17,359] 17,154] 16,183] +52
Drugs, soaps, and toiletries . . 13,104 13,057 12,979 +04 +0.6 “17 12,986 12,877 12,601 13.444 34
Petroleum and coal products 11,082} 11,057] 10,907 102] +14] 43.6) 10,849] 10,726] 10,517 9992] +86
Rubber and plastics products 13,834 13,751 13,324 +0.6 $3.2 +2.2 14,119 14,048 13,492 12,573} +12.3
All other nondurable goods 27,719] 27,156] 26,647 421 +19 +16] 27,538] 26,495 25,918] 25,112 49.7

” Preliminary. * Revised.

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


10 Total Manufacturing
New Orders and Shipments
Three Month Moving Averages
Billions of Dollars

340 340
New Orders

320 L- ---------- 22ers Shipments |_1 320

300 300

280 280
260 260
240 i 1 1 i it 1 1 i d 1 1 1 240
Mar May Jul Sep Nov Jan Mar May Jul Sep Nov Jan Mar
Mar. 1993 - Mar. 1995
Total Manufacturing
Ratio of Unfilled Orders and
Inventories to Shipments
V/S Ratios UO/S Ratios
2.5 41
2.4 4
2.3 3.9
2.2 3.8
2.1 3.7
2 3.6
1.9 3.5

1.8
1.7
1.6
1.5
1.4
1.3
1.2

3.4
3.3
3.2
3.1
3

2.9
2.8

Mar May Jul Sep Nov Jan Mar May Jul Sep Nov Jan Mar
Mar. 1993 - Mar. 1995

Note: All Charts based on seasonally
adjusted current dollars.


Table 6. VALUE OF MANUFACTURERS’ UNFILLED ORDERS AND TOTAL INVENTORIES
FOR TOPICAL SERIES'
(Millions of dollars)

Seasonally adjusted Not seasonally adjusted
Industry Monthly Percent Change Monthly Percent
change
Mar. Feb. Jan. | Feb- | Jan- | Dec.- Mar. Feb, Jan Mar. | Mar.
1995° 195° 1995 | Mar. | Feb. Jan. 1995" 195° 1995 1994 | 95/04
UNFILLED ORDERS
All manufacturing industries 464,737 | 463,020 | 460,772 +04 +05 +0.9 | 468,482 | 465,440 | 461,083 | 450,254 +4.0
Market categories :
Automotive equipment 2,157 2,163 2,168 03 -0.2 40.2 2,188 2,218 2,205 1,992 +9.8
Home goods and apparel... . . 9,974 | 10,094 | 10,131 2 -0.4 42.5 9,991 9,915 9,691 10,462 4.5
Consumer staples... . 2.20... 1,626 1,638 1,617 7] +13] 425 11594 1,624 1,634 1,407 | +133
Machinery and equipment . . 185,407 | 183,990 | 183,055 40.8 +0.5 +0.8 | 185,577 | 184,769 | 183,382 | 182,352 +18
Business supplies 6,068 6,077 6,049 “0.1 40.5 42.5 6,158 6,068 5,955 5,671 48.6
Construction materials
and supplies | 16,005 | 16,204 | 16,268 “12 0.4 | +24 | 16095 | 16,242 | 15,970 | 14,711 49.4
Defense products . . « -+--. | 106,889 | 106,128 | 105,933 | +07] +02 -0.4 | 108,621 | 106,577 | 106,976 | 110,011 13
Other materials, supplies and
and intermediate products .. . . . 136,611 | 136,726 | 135,551 0.1 +0.9 +15 | 138,258 | 138,027 | 135,270 | 123,648 | +118
Durable goods industries :
Nondefense capital goods > ..... . 205,121 | 203,280 | 202,179 | +09] +05 | +10 | 205,118 | 204,259 | 202,851 } 200,014 426
Excluding aircraft and parts : 96,874 | 94,959 | 93,863 +2.0 +12 +28 | 96,871 95,938 | 94,535 80,111 $20.9
Defense capital goods * . . 112,708 | 112,104 | 111,881 +05 +0.2 -0.5 | 114,394 | 112,505 | 112,800 | 115,681 cL
Durables excluding capital goods . | 121,125 | 121,481 | 120,673 -0.3 +0.7 +1.8 | 122,982 | 123,039 | 120,278 ] 111,160 +106
Miscellaneous series
Producers’ durable equipment + | 220,055 | 219,078 | 217,532 +04 40.7 +0.9 | 220,217 | 220,124 | 217,985 | 211,022 44.4
Household durable goods . o 5,962 5,871 5,966 +15 “16 27 5,903 5,773 5,856 5,679 $3.9
Information technology industries 39,475 | 38,923 | 38,296 | +14] +16 | +26 | 38,953 | 38,618 | 37,755 | 32,824 | +18.7
Health care equipment
and products beens 5,963 6,321 6,349 “5.7 0.4 +04 5,962 6,319 6,347 7,298 -18.3
TOTAL INVENTORIES
All manufacturing industries. . 402,330 | 399,726 | 396,104 +0.7 +09 +11 | 402,406 | 401,729 | 394,792 | 379,434 +6.1
Market categories
Automotive equipment ........ 6,531 6,437 6383 | +15] +08] +10 6,660 6,677 6,504 6,187 +82
Home goods and apparel 33,285 | 32,983 | 32,574 | +09} +413 | +13 | 33,172 | 32,796 | 32,163 | 30,681 +8.1
Consumer staples . 59,016 | 58,913 | 58,512 40.2 | +07] +05 | 58,273 | 58,792 | 58,567 | 57,071 42.1
Machinery and equipment + | 98,482 | 97,619 | 96,478 +0.9 +12 +14 | 97,987 | 98,236 | 95,651 | 89,073 +10.0
Business supplies o 22,738 22,439 22,123 HH +14 +18 22,919 22,401 21,813 21,071 +8.8
Construction materials
and supplies + | 25,643 | 25,458 | 25,348 40.7 +04 26,129 | 25,815 | 25,333 | 24,861 45.1
Defense products ....... | 21,517 | 21,553 | 21,879 -0.2 “15 21,454 | 21,392 | 21,394 | 24,439 122
Other materials, supplies and
and intermediate products 135,118 | 134,324 | 132,807 +0.6 +11 +15 | 135,812 | 135,620 | 133,367 | 126,081 47.7
Durable goods industries
Nondefense capital goods * 93,364 92,461 91,295 +10 +13 +19 92,595 92,734 90,350 83,622 +10.7
Excluding aircraft and parts 67,091 | 66,545 | 65,380 +08 +18 42.8 | 66,415 | 66,654 | 64,582 | 57,862 | +148
Defense capital goods * ... . 22,216 22,284 22,610 0.3 -14 -0.6 22,128 22,097 22,037 25,453 -13.1
Durables excluding capital goods . | 138,227 | 137,379 | 136,346 40.6 +0.8 +0.8 | 138,996 | 138,772 | 136,527 | 128,927 +78
Miscellaneous series
Producers’ durable equipment .... | 158,202 | 156,900 | 155,248 40.8 +11 +13 | 157,723 | 157,823 | 154,324 | 143,955 +9.6
Household durable goods : 14,614 14,620 14,454 0.0 +1 +L 14,569 14,706 14,346 13,576 +73
Information technology industries 35,315 | 35,313 | 34,701 0.0 +18 43.9 | 34,651 35,225 | 34,110 | 31,012 +7
Health care equipment
and products . : 13,213 | 13,172 | 13,175 | +03 0.0 “15 | 13,061 | 13,014 | 12,854 | 13,390 2.5

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.
1995°| 1995'] 1995] Mar.| Feb.| Jan} 19957] 1995'] 1995] 1994] 95/94} 1995" | 1994
SHIPMENTS
All manufacturing industries . | 298,854] 298,556] 297,790] +0.1]  +0.3}  +0.6| 312,919] 295,576] 268,357] 288,084) +8.6] 876,852] 797,698
Market categories :
Automotive equipment . - | 14,843] 14,807] 14,787] 40.2) +0.) -L.1] 15,936] 15,878] 13,494] 14,561] +9.4] 45,308) 41,881
Home goods and apparel 19.799] 19.565] 19.776, +1.2] -1.1] +03} 20,402) 19,446] 17,139] 19,498] -+4.6) 56,987] 53,333
Consumer staples ....... 59.784] 60,457] 60,466] -1.1] 0.0] -0.9] 60,246] $8,358) 55,369] 59,071] +2.0] 173,973] 167,937
Machinery and equipment 53.777] 53.715] 52,590] +0.1)  #2.1]  +1.1] 59,536] $2,923) 44,799] 53,795) +10.7] 157,258) 140,880
Business supplies : “| 21977] 221047] 225187] -0.3}  -0.6f  +0.6] 22,311] 21,652] 20,397) 20,875] +6.9] 64,360] 58,800
Construction materials
and supplies. . 18,718] 19,177] 19,108] -2.41 +04] +14] 18,830] 18,256] 16,619} 18,096] +4.1) 53,714] 49,643
Defense products . 7in}| 7.182] 7325| -0.2]  -2.0] +7.7] 7,536) 6,939] 6,133) 7,815] -3.6] 20,608) 21,067
Other materials, supplics and
and intermediate products . . 102,785] 101,606] 101,551] +1.) +0.1]  +0.9) 108,113] 102,124] 94,407] 94,373] +14.6] 304,644 264,157
Durable goods industries :
Nondefense capital goods * 41,348] 40,954] 39,862| +10] 42.7] +2.2| 46,824) 39,274 33,016] 41,231] +13.6) 119,114] 104,363
Excluding aircraft and parts. . . 36.308] 35.759| 34.885] +15] 42.5] +1.5] 41,167] 34,268] 29,134) 34,997] +17.6] 104,569] 89,709
Defense capital goods * 6.639} 6.642) 6,772] 0.0] -1.9] +69] 6976] 6,358] 5,542) 7,467) -6.6| 18,876} _ 19,860

Durables excluding capital goods 114,058) 113,610] 114,445 +04] 0.7} +0.4) 119,971} 115,344] 104,129) 109,511 +9.6] 339,444) 307,327

Miscellaneous series :

Producers’ durable equipment . 103,603) 103,221] 102,534] +0.4| +0.7]  +0.9) 113,420] 103,803) 90,229] 104,113) +8.9] 307,452] 281,188
Household durable goods 3424] 8281] 8492 +17] -2.5] +071 8,948] 8,045] 7,328] 8,407] +6.4] 24,321) 22,548
Information technology industries 19.916] 19,396] 18,937) +27] +24] -1.0] 23,011] 17,746] 15,347] 19,642} +172) 56,104] 48,668
Health care equipment

and products ............-- 8,688] 8,735] 8,665] -0.5] +08} -0.4| 9,085] 8,484] 8,265] 8,897) +2.1) 25,834) 24,879
NEW ORDERS
All manufacturing industries. . - 300,571| 300,804] 301,724] -0.1]  -0.3]- +0.7) 315,961] 299,933] 277,672] 289,574] +9.1| 893,566] 809,594

Market categories :

Automotive equipment . . 14,837| 14,802} 14,791] +0.2| +0.1] -1.4) 15,906] 15,890] 13,553] 14,559] +93) 45,349) 41,971
Home goods and appare! “| 19678} 191529] 20,025] 40.8] -2.5| +3.0] 20,478} 19,670] 18,502] 19,851) +3.2] $8,650] 55,133
Consumer staples ..........- 59:772| 60.477, 60,505] -12] 0.0] -0.8] 60,216] 58,348] 55,372) 59,083] +1.9] 173,936] 167.868
Machinery and equipment . . . . . 55,194] 54.650] 54,107] +1.0] +10] 46.4] 60,344] 54,310] 47,348) 52,921) +14.0] 162,002} 143,009
Business supplies . . “| 21'967] 22!075] 22332] -0.5} -1.2[ +1.0f 22,401] 21,765] 20,543} 21,126] +60) 64,709] 59,103
Construction materials

and supplies fees -| 18,519] 19,113} 19,492] -3.1] -1.9} +2.3) 18,692] 18,529] 17,148] 18,593] +0.5] $4,369] 50,479

Defense products :

oo 7,932 7,378] 6,853] +7.5 +7.7) -29.1 9,580) 6,541 5,871 6,532] +46.7 21,992 20,169
Other materials, supplies and

and intermediate products . . . 102,672} 102,780] 103,619} 0.1 0.8)  +1.1] 108,344] 104,880] 99,335] 96,909 +118} 312,559] 271,862
Durable goods industries

Nondefense capital goods * -| 43,189] 42,055] 41,785] 42.7] +0.6 +10.7] 47,683] 40,682| 35,951] 40,273| +184] 124.316] 107,040

Excluding aircraft and parts 38,223] 36,855} 37,401 43.7 -15 +7.5| 42,100) 35,671] 32,662] 36,525) +15.3} 110,433 94,162

Defense capital goods * see 7,243) 6,865] 6,174] +5.5 +112] -33.0] 8865] 6,063] 5,237] 6,059] +46.3] 20,165} 18,403
Durables excluding capital goods 113,702] 114,418] 116,548] 0.6] 1.8] +1.1] 119,914] 118,105] 109,980} 111,982] +7.11 347,999] 315,335

Miscellaneous series :

Producers’ durable equipment 104,580] 104,767] 104,550} -0.2| +02} +3.4} 113,513] 105,942] 94,500) 104,121] +9.0) 313,955) 286,067
Household durable goods <1] gisis} sige} 8.325] 44.0) -1.7) -0.7| 9,078) 7,962) 7,987] 8.467) +7.2] 25,027) 23,392
Information technology industries . | 20,468] 20,023] 19,912] 2.2] +0.6] +0.2) 23,346] 18,609] 16,173) 20,216 +155} 58,128] 49,406
Health care equipment

and products .......-. 8,330] 8,707| 8,690] -4.3] +0.2) 42.1] 8,728] 8,456] 8,290] 8,719) +0.1] 25,474] 24,690

° Preliminary. * Revised.

' Topical series are regroupings of the separate industry categories.

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

*Nondefense capital goods industries include : ordnance and accessories; steam, gas and hydraulic turbines; internal combustion engines; construction, mining, and materia)
handling equipment, metalworking machinery; special industry machinery; general industrial machinery; computer and office equipment, refrigeration, heating and service

industry machinery; electrical transmission and distribution equipment; electrical industrial apparatus; communications equipment; aircraft, missiles, space vehicles, and engines
and parts; ships and tank components; railroad equipment; and search and navigation equipment.

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

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 Mar. Feb. Jan, Dec Mar. Feb. Jan Dec.
1995? 1995* 1995 1994 1995" 1995" 1995 1994
All manufacturing industries . 135 134 1.33 132 2.85 2.86 2.85 2.87
Durable goods industries wees 157 1.56 135 1.55 341 3.42 341 3.43
Stone, clay, and glass products 1.10 1.08 1.07 1.06 1.20 1.20 1.23 118
Primary metals _ . 1.40 ey 138 137 1.94 195 1.93 1.93
Fabricated metal products 1.60 1356 150 139 1.46 144 1.40 148
Industrial machinery and equipment . 71 1.70 1.74 172 252 2.49 2.53 2.49
Electronic and other
electrical equipment . _ 1.69 1.72 1.68 164 1.99 2.00 1.98 1.92
Transportation equipment 1.46 1.45 1.46 147 10.83 10.83 10.78 11.02
Instruments and related products 1.90 1.88 1.90 1.92 4.08 4th 4.16 4.17
Nondurable goods industries 1.09 1.07 1.07 1.05 0.75 0.76 0.76 0.76
Food and kindred products 0.87 0.87 0.85 0.82 (X) (X) (Xx) (x)
Tobacco products... . _ 1.98 1:87 1.87 218 (xX) (xX) (x) (X)
Textile mill products 1.54 1.55 154 1.52 (NA) (NA) (NA) (NA)
Paper and allied products . . 1.06 1.06 1.06 1.09 (NA) (NA) (NA) (NA)
Chemicals and allied products 113 113 113 112 () (xX) (X) &)
Petroleum and coal products 0.85 0.83 0.86 0.84 (X) (xX) (X) (X)
Rubber and plastics products 137 136 1:32 129 (x) (X) (X) &)

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

' Excludes the following industries with no unfilled orders : Wood and lumber products; glass containers; metal cans, barrels and drums; farm and garden machinery;
motor vehicle assembly operations; other transportation equipment; foods and related products; tobacco; knitting mill products; appare! and related products; chemicals,
petroleum and coal products; and rubber and plastics products.

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

Shipments New orders Unfilled orders Inventories

Industry
Mar. Mar. Mar. | Mar.
Mar? | 1994- Mar. | 1994- Mar? | 1994- Mar. | 1994-
Mar.' | 1990-] Feb, | Mar! | 1990-] Feb. | Mar.! | 1990- ] Feb. | Mar! | 1990-| Feb.
1995 | 1994] 1995] 1995} 1994] 1995 | 1995 | 1994] 1995] 1995 | 1994] _ 1995
All manufacturing industries o (xX) Ol Ol (X) 01 Ol (xX) 0.0 01 (xX) 0.0 0.0
Durable goods industries. tee 0.0 02 02 -0.1 02 02 0.0 0.1 0.1 (X) 0.0 0.0
Stone, clay, and glass products . (X) 07 07 (X) 1.0 12 (X) 03 0.6 (xX) 0.1 0.1
Primary metals .. . oon 0.6 03 04 08 04 08 0.0 02 03 (xX) Ol 02
Fabricated metal products . . (X) 02 04 (X) 02 05 (X) 02 02 (X) 02 02
Industrial machinery and equipment 04 06 05 -1.0 0S 08 0.2 03 02 (X) Ol Ol

Electronic and other

electrical equipment 0.0 02 03 05 0.6 0.6 03 Ol 03 (X) 01 ol
Transportation equipment... . . 0.0 04 06 1 08 09 0.0 01 1 &) 0.0 02
Instruments and related products (X) 01 05 (x) 04 08 (x) 0.1 O14 (X) 0.0 01
Nondurable goods industries . (x) 0.1 01 (x) Ol 02 (X) 03 02 (X) 01 ol
Food and Kindred products - - (x) OL ol (X) e9) () (x) 9) & (x) 0.1 Ol
Tobacco products. . . (x) 05 02 (X) (x) (x) (&) (&) (X) (x) 0.1 Ot
Textile mill products... . _ (X) 03 03 (yA) | (NA) (x) | ana) | (NA) (X) Ol 02
Paper and allied products (e9) 03 0.2 (X) | (NA) | (NA) (X) ] (NA) (NA) (X) 0.2 01
Chemicals and allied products... . &) 03 02 (x) (x) (X) (x) (X) (X) (x) 04 0.1
Petroleum and coal products (&) 02 03 &) (X) (xX) & re) (&) (X) O41 02
Rubber and plastics products . (X) 03 03 (X) (x) (xX) (xX) (X) (X) (xX) 0.1 02

Capital goods industries
Nondefense tenes -0.1 03 04 0.4 04 07 0.0 01 0.4 (X) 00 01
Defense . sees see 0.0 04 05 0.1 I 29 0.0 01 Ol (xX) 01 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.


CURRENT INDUSTRIAL REPORTS

oe,
* Sy

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

Manufacturers’ Shipments,
Inventories, and Orders

March 1995
M3-1-(95)-3
For Wire Transmissions 10:00 a.m. E.D.T. May 3, 1995

Gloria Cable or Lee Wentela
(301)457-4804 or (301)457-4832

Summary

New orders for manufactured goods in March decreased $0.2
billion or 0.1 percent to $300.6 billion, the Department of Commerce,
Bureau of the Census reported today. This follows a 0.3 percent
February decrease and is the second decline in the last five months. First
quarter new orders are 2.7 percent above fourth quarter 1994 and 10.3
percent above first quarter 1994.

Shipments increased $0.3 billion or 0.1 percent to $298.9 billion,
following a 0.3 percent February increase. This is the fifth consecutive
monthly increase and the fifteenth in the last twenty months. First
quarter shipments are 2.8 percent above fourth quarter 1994 and 9.9
percent above first quarter 1994.

Unfilled orders, up for the seventh consecutive month, increased
$1.7 billion or 0.4 percent to $464.7 billion. This follows a 0.5 percent
February increase. The unfilled orders-to-shipments ratio was 2.85,
down from 2.86 in February.

Inventories increased $2.6 billion or 0.7 percent to $402.3 billion,
following a 0.9 percent February increase. This is the sixth consecutive
monthly increase and the thirteenth in the last fifteen months. The
inventories-to-shipments ratio was 1.35, up from 1.34 in February.

New Orders

New orders for manufactured durable goods in March increased
$0.8 billion or 0.5 percent to $164.1 billion, revised from the previously
published 0.6 percent increase. This follows a 0.7 percent February
decrease and is the fourth increase in the last five months.

Electronic and other electrical equipment had the largest increase,
$1.6 billion or 6.6 percent to $26.4 billion, following a 4.5 percent
February decrease. The March increase, largely due to communication
equipment and electronic components, is the seventh increase in the last
eight months, Industrial machinery and equipment increased $0.5 billion
or 1.7 percent to $31.8 billion, following increases in February and
January of 1.5 percent and 9.1 percent respectively. Primary metals
increased 0.2 percent to $15.3 billion. This follows two consecutive
monthly declines and is the sixth increase in the last eight months.
Instruments and related products had the largest decline, $0.9 billion or
7.7 percent to $10.9 billion, the first decline since November 1994
Fabricated metal products was down $0.4 billion or 2.4 percent to $15.6
billion, following a 2.9 percent February decline — Transportation
equipment decreased $0.2 billion or 0.5 percent to $40.5 billion, due to
aircraft and aircraft parts. This follows a 2.4 percent February increase
and is the second decline in the last three months.

New orders for nondurable goods were $136.4 billion, down $1.0
billion or 0.7 percent from February. The largest declines were in
petroleum and coal products, food and kindred products, and tobacco
products.

Shipments

Shipments of durable goods in March increased $0.8 billion or 0.5
percent to $162.0 billion, unrevised from the previously published 0.5
percent increase. This follows a 0.1 percent February increase, is the
fifth consecutive monthly increase and the fifteenth in the last twenty
months. Electronic and other electrical equipment increased $0.7 billion

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

or 2.8 percent to $25.2 billion. Except for declines of 0.5 percent in
February and 0.2 percent in January, shipments have increased every
month since October 1993. Industrial machinery and equipment increased
$0.2 billion or 0.7 percent to $30.3 billion, due to computer and office
equipment. This is the fourth consecutive increase and the tenth in the
last eleven months. Primary metals, up thirteen of the last fourteen
months, increased $0.1 billion or 0.7 percent to $15.3 billion.
Transportation equipment, up four of the last five months, increased 0.1
percent to $40.2 billion. Fabricated metal products declined $0.2 billion
o 1.1 percent to $15.7 billion, following a 2.2 percent February
jecrease.

Shipments of nondurable goods decreased $0.5 billion or 0.4
percent to $136.8 billion, following a 0.5 percent February increase.
Declines in petroleum and coal products, food and kindred products, and
tobacco products more than offset increases in printing and publishing,
and paper and allied products.

Unfilled Orders

Unfilled orders for durable goods in March increased $2.1 billion
or 0.5 percent to $439.0 billion, unrevised from the previously published
0.5 percent increase. This is the seventh consecutive monthly increase.
Industrial machinery and equipment had the largest increase, $1.5 billion
or 2.1 percent to $71.7 billion. This follows a 1.7 percent February
increase and is the twentieth increase in the last twenty-one months.
Electronic and other electrical equipment increased $1.3 billion or 2.6
percent to $50.2 billion, due to communication equipment and electronic
components. This is the seventh consecutive monthly increase.
Transportation equipment increased $0.2 billion or 0.1 percent to $203.3
billion, the third increase in the last four months. This follows a 0.2

ercent February increase. Instruments and related products declined
$0.7 billion or 1.4 percent to $47.2 billion, following a 0.4 percent
February increase. Stone, clay and glass products declined $0.1 billion
or 1.2 percent to $8.0 billion, following a 2.5 percent February decline.

Inventories

Inventories for durable goods in March increased $1.7 billion or
0.7 percent to $253.8 billion. Except for the 0.1 percent decrease last
September, inventories have increased every month since March 1994.
Industrial machinery and equipment increased $0.5 billion or 1
to $51.9 billion. This follows a 1.0 percent February incre:
twenty-second increase in the last twenty-four months. Transportation
equipment, up the first month since last July, increased $0.4 billion or
0.7 percent to $58.7 billion. Fabricated metal products increased $0.4
billion or 1.6 percent to $25.1 billion, the sixth consecutive monthly
increase. Electronic and other electrical equipment, up for the fifteenth
consecutive month, increased $0.3 billion or 0.8 percent to $42.6 billion.
Primary metals increased $0.1 billion or 0.4 percent to $21.4 billion, the
seventh consecutive monthly increase.

Inventories for nondurable goods increased $0.9 billion or 0.6
percent to $148.5 billion, the sixth consecutive monthly increase. All
major industry groups increased except tobacco products. Printing and
publishing, paper and allied products, and apparel and related products
had the largest increases.

By stage of fabrication, finished goods increased 2.0 percent in
durables and was unchanged for nondurables. Work in process increased
0.1 percent in durables and 0.3 percent in nondurables. Materials and
supplies increased 0.2 percent in durables and 1.5 percent in nondurables.

‘The advance report on durable goods for April is scheduled for May 24, 1995 at 8:30 a.m. and the full report on June 1, 1995 at 10:00.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 information service--CENDATA. CENDATA is available from Dialog InformationServices, Inc. (1-800-334-2564)and CompuServe
(1-800-848-8199). The CENDATA staff at the Bureau of the Census (301-457-1305)can provide content information and general guidance.


Nondefense Capital Goods 11

New Orders and Shipments

Three Month Moving Averages
Billions of Dollars

New Orders

Shipments

Mar May Jul Sep Nov Jan Mar May Jul Sep Nov Jan Mar
Mar. 1993 - Mar. 1995

Defense Capital Goods

New Orders and Shipments

Three Month Moving Averages
Billions of Dollars
11 11

New Orders
10

9

L n L L i n n n L L L n L
5

5
Mar May Jul Sep Nov Jan Mar May Jul Sep Nov Jan Mar

Mar. 1993 - Mar. 1995

Note: All Charts based on seasonally
adjusted current dollars.


Table 7. VALUE OF MANUFACTURERS’

BY INDUSTRY GROUP

INVENTORIES, BY STAGE OF FABRICATION,

(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.
1995" 1995" 1995 Mar. Feb. Jan. 1995" 1995° 1995 1994 95/94
MATERIALS AND SUPPLIES
All manufacturing industries 131,814 | 130,801 | 129.078 | +08] +13 | +09 ] 131,155 | 131,170 | 130,218 | 119,957 493
Durable goods industries 76,664 76,486 75,524 +0.2 +13 +0.7 78,774 76,688 76,175 68,047 +114
Stone, clay, and glass products 2,686 | 2,663 | 2638 | +09} +09 | +09 | 2685 | 2675 | 2671 | 2568 | +46
Primary metals 6,729 6,827 6,649 -14 42.7 43.2 6,517 6,739 6.7. 5,705 +142
Fabricated metal products . 8,720 8,606 8,516 +13 +L +0.9 8,732 8,625 7,687 +136
Industrial machinery and equipment 17,421 17,312 16,766 +0.6 43.3 0.1 17,068 17,480 14,264 419.7
Electronic and other
electrical equipment . 14,300 14,036 13,773 +19 +19 +38 14,246 14,044 43,779 11,188 4273
Transportation equipment 10,312 10,468 10,692 “LS 2.1 10,262 10,476 10,667 10,844 54
Instruments and related products 6,812 6,788 6,727 +04 40.9 6,790 6,756 6,738 6,682 +16
Lumber, furniture and
miscellaneous durable goods 9,684 9,786 9,763 -10 +02 9,474 9,893 10,007 9,109 +4.0
Nondurable goods industries 55,150 54,315 53,554 +15 +14 +11 55,381 54,482 54,043 51,910 +67
Food and kindred products 10,128 10,173 10,073 -04 +10 +0.8 10,179 10.253 10,377 10,045 +13
Tobacco products 4,669 4,715 4,692 -10 +0.5 0.2 4,782 4,992 5,023 $5,310 99
Textile mill products 2906 | 2883 | 2899 | +08] -06 0.0] 2939 | 2904 | 2\896 | 2,780 +5.7
Paper and allied products 7,404 7,285 7,091 +16 +2.7 +22 7,534 7,349 7,125 6,735 +119
Chemicals and allied products 11,508 11,429 11,395 +0.7 +03 0.7 11,480 11,423 11,402 11,160 42.9
Petroleum and coal products 31476 | 31012 | 3,000 | +154} +04] 421 3.417 | 2/887 | 21883 | 2.877 | +188
Rubber and plastics products 5,259 5,273 5,090 03 43.6 +3.6 5,293 5,287 5,124 4,563 +16.0
Apparel, printing and Publishing
and leather goods 9so0 | 9545] 9314] 427] 425 | +20] 9757] 9387] 9213 | 8440 | +156
WORK IN PROCE:
All manufacturing indust 131,573 | 131,338 } 130,779 | 402] +04 | +14 | 131477 | 131,253 128,449 424
Durable goods industries 107,273 107,115 106,765 +0.1 +03 107,194 107,199 105,070 +2.0
Stone, clay, and glass products. 1225 1,203 Wi7s | 418] 424 1299 | 1250 1.089 | +193
Prim metals... 7,875 7,754 +16 +03 7,959 7,787 7,309 +8.9
Fabricated metal products 7,930 7,795 +17 +10 8,004 7,850 7,489 +6.9
Industrial machinery and equipment 197323 19,342 0.1 0.9 19,105 19,047 19) 008 18,820 +15
Electronic and other
electrical equipment 16,675 16,791 -0.7 +23 16,612 16,851 16,194 14,460 +149
Transportation equipment 39.776 | 39,732 +0.1 0.0 397862 | 30.884 | 39.479 | 41,724 45
Instruments and related products . 9.417 | 9,440 02] +ht 9.275 | 9,483 | “8.995 | 91133 +16
Lumber, furniture and
miscellaneous durable goods . 5,052 5,058 -0.1 “1S -0.5 5,078 5,087 5,092 $5,046 +0.6
Nondurable goods industries . . 24,300 | 24,223 +03] +09 | +06 | 24,283 | 24,054 | 23,964 | 23,379 43.9
Food and kindred Products 4,069 3,949 +3.0 “19 -16 4,065 3,921 4,239 4,013 +13
Tobacco products 173 181 44 +23 +5.4 153 191 192 162 5.6
Textile mill products . 2,640 2,608 +12 +08 42.8 2,654 2,630 2,592 2,604 +19
Paper and allied products 1313 1.287 420} +09] +424 1325 1,283 1,281 +116
Chemicals and allied products 5,391 5,346 +0.8 0.4 -1.0 5,346 5,338 5,347 4.1
Petroleum and coal products 2,267 2,516 99 43.1 42.7 2,242 2,439 2,314 -0.9
Rubber and plastics products... 21039 | 2,021 +09] 434] +17 F019 | 24061 | 2,002 +156
Apparel, printing and publishing
and leather goods ... . 6,408 6315 +15 +2.0 +0.6 6,479 6,191 5,997 +L
FINISHED GOODS
All manufacturing industries 138,943 137,587 136,247 +10 +10 +10 139,774 135,256 131,028 46.7
Durable goods industries . . 69,870 68,523 67,962 +2.0 +0.8 +0.6 70,751 67,385 64,885 +9.0
Stone, clay, and glass products 3,927 2 3,907 +0.6 -O.1 +0.1 4,080 3,936 4,045 +0.9
Primary metals. ae 6,810 6,716 +10 +04 +19 6,888 6,726 6,387 +78
ricated metal products . 8.470 8,098 +18 42.7 423 8,710 7,948 7,903 +10.2
Industrial machinery and equipment 15,150 14,547 +2.9 +12 +0.1 15,312 14,743 13,916 +10.0
Electronic and other
electrical equipment 11,603 11,231 +h7 +15 +32 11,513 10,876 9,223 +24.8
Transportation equipment 8,654 8,139 +6.4 0.1 “Ld 8,621 8,088 7,948 +85
Instruments and related products 5,704 5,749 +0.5 -13 22 5,657 5,546 5,846 3.2
Lumber, furniture and
miscellaneous durable goods 9,552 9,633 9,575 0.8 +0.6 03 9,970 9,522 9,617 +37
Nondurable goods industries 69,073 69,064 68,285 0.0 +11 +14 69,023 69,590 67,871 66,143 +44
Food and kindred products 17,166 17,165 17,069 00 +0.6 +17 565 17,128 17,072 15,775 +5.0
Tobacco products . : 792 823] -170] 38 | 97 876 798 “119
Textile mill products asso | 4400 | 43s | oo] aa] 40 4516 | 4,323 +34
Paper and allied products 5,668 5,560 +19 +10 +10 5,670 5,510 +16
Chemicals and allied products 17,746 17,856 0.6 +12 +14 18,383 17,774 +34
Petroleum and coal products $5,339 5,529 5, 7466 3.4 +12 +48 400 5,320 +69
Rubber and plastics products 6,536 6,457 6,280 +12 +28 +12 6,700 6,366 +8.7
Apparel, printing and publishing
and leather goods 11,511 11,296 11,143 +19 +14 +18 10,917 10,708 10,842 +42

” 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- | Dee Mar, Feb. Jan, Mar.| Mar.
1995° 195° 1995] Mar. Feb. Jan. 199s? 1995" 1995 1994] 95/04
All manufacturing industries 464,737} 463,020} 460,772 +04 40.5 +0.9] 468,482] 465,440] 461,083] 450,254 +4.0
Manufacturing industries
without defense capital goods 352,029} 350,916] 348,891 +03 +0.6 +13] 354,088] 352.935} 348.283} 334,573 +5.8
Durable goods industries 438,954 | 436,865] 434,733 +0.5 40.5 40.8} 442,494] 439,803] 435,929] 426,855 43.7
Stone, clay, and glass products 8,027 8,125 “12 2.5 +38 7,938 8,100 7.914 7198] +103
Primary metals 29,576 | 29,575 00] +03 +d 30,319] 29,552] 25,395] 422.7
Blast furnaces, steel mills 11,818 11,609 0.0 +15 12,104 11,634 11,321 +12.0
Iron and steel foundries. . 3,927 3,924 0.1 +47 0.2 3,968 3,813 3,404 +16.1
Nonferrous and other primary
metals 13,831} 14,042 “15 “0.7 +10] 14,536] 14,247] 14,105 +36.2
Fabricated metal products 20,967] 21,044 0.4 +0.7 41.2] 21,148] 21,209] 20,934 428
Industrial machinery and equipment 71,699 | 70,225 +21 H7] +25] 71,701] 71,232] 69,816 4273
Engines and turbines. 10,102 +03 16] +0.2 9910] 10,148] 10,511 +14
Construction, mining and
material handling equipment 7,669 7430| 42.5 0.7] +48 7,922 7,664 7,587 424.5
Metalworking machinery . 10,681 9,996 44.2 42.6 +44 10,681 10,252 9,996 +25.3
Computer and office equipment 12,438 11,816 +h7 43.5 +2.0 11,903 11,930 11,287 +57.0
Electronic and other
electrical equipment... . 50,190 48,630 42.6 +0.6 +2.9 50,200 49,729 48,915 $8.9
Electrical transmission and
distribution equipment and
industrial apparatus 6,028 6,090 5,993 -10] +16 13.5 6,032 6118 6,093 -1.0
Electric lighting and
wiring equipment 13 42.3 43.9 3,823 3,872 3,302] +15.8
Communications equipment $5.9 08] +29] 16,181] 15,276 15,158] +6.7
Electronic components . 426] 43.2 45.0] 18,736] 18,825 16,173] +15.8
Transportation equipment - | 203,292 rol] +0.2 -0.3} 204,862} 203,321 | 202,922] 213,227 39
Aircraft, missiles,
space vehicles, and parts. - | 171,000] 170,250] 169.489] +04] +04 -0.7| 172,304] 170,298] 169,766] 183,220
Shipbuilding and tanks 18,876 19,348 19,708 2.4 -18 43.7 18,876 19,331 19,649 18,248
Instruments and related products 47,157 47,827 47,639 -14 +04 0.0 47,595 48,203 48,272 50,463
Search and navigation equipment 30,730} 30,771 30,899 -0.1 0.4 -13] 31,131 31,150] 31,540] 33,017
Measuring and controlling devices . 9,638 9,885 9,600 25 43.0 $3.8 9.638 9,885 9,600 9,227
Medical instruments and supplies 5,932 6,289 6,317 -0.4 +04 5,932 6,289 6,317 7,269
All other durable goods... . 8,046 8,087 8,084 0.5 0.0 +08 7.882 7,690 7,604 7,568
Nondurable goods industries 25,783 26,155 26,039 “14 +04 +2.0 25,988 25,637 25,154 23,399] +111

” Preliminary. ' Revised

See note at end of table 2 relating to survey variability


Table 2. VALUE OF MANUFACTURERS’

(Millions of dollars)

NEW ORDERS FOR INDUSTRY GROUPS

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.
1995°} 1995"| 1995] Mar.] Feb.} Jan] 1995°] 1995] 1995] 1994] 95/94] 1995" | 1994
All manufacturing industries . . 300,571] 300,804] 301,724] 0.1] -0.3]-+0.7] 315,961] 299,933] 277,672] 289,574] +9.1] 893,566] 809,594
Manufacturing industries
with unfilled orders ...... 164,929] 164,317] 165,615] +04] -0.8} +1.8 176,184] 163,904] 153,319] 157,907] +11.6] 493,407] 438,619
without defense capital goods 293,328] 293,939] 295,550) -0.2] -0.5]_ +1.8] 307,096] 293,870] 272,435] 283,515) +8.3] 873,401] 791,191
Durable goods industries 164,134] 163,338] 164,507] +0.5] -0.7} +1.4} 176,462) 164,850] 151,168} 158,314] +115] 492,480] 440,778
With unfilled orders sees 130,750] 129,981] 131,064] +0.6} 0.8} +1.9 140,972] 129,541] 120,891] 125,510] +12.3] 391,404] 347,311
Stone, clay, and glass products .....] 7,016] 7,006} 7,514 +01] -6.8| +03] 6,724] 6,842} 6,468] 6,495 +35} 20,034) 18,022
Primary metals 2.22.0... 0.22.55 15,264] 15,232] 15,569] +0.2) -2.2)  -1.5] 16,858] 16,223] 16,196] 14,607/ +154] 49,277) 40,191
Blast furnaces, steel mills 6,757] 6,472) 6,496] +44) -0.4)  -2.6) 7,472] 7,041) 7,096] 6,257} +19.4] 21,609) 18,311
Iron and steel foundries 1340] 1511] 1,366] -11.3] +106 -16.6] 1,402] 1,530] 1.414] 1,434) -2.2] 4355] 3,859
Nonferrous and other primary
metals . tava 7,167] 7,249] 7,707] 1.1] -5.9] #2.7] 7,984] 7,643] 7,686] 6,916] +15.4] 23,313) 18,021
Fabricated metal products... .... 15,611] 15,995] 16,465] -2.4) 2.9] +7.8} 16,429] 16,157] 15,157] 16,542} -0.7) 47,743] 44,713
Industrial machinery and equipment 31,814) 31,274] 30,818] +1.7] +1.5]  +9.1] 35,636] 30,817) 27,248) 31,311} +13.8] 93,701] 81,008
Engines and turbines . 1821] £854} 1,987] 1.8] -6.7] +63.9) 1,758] 1,524] 1,450] 1,731] +16} 4,732] 4,561
Construction, mining and
material handling equipment 3,351] 3,225] 3,466) 43.9) -7.0) +13.1) 3,742] 3,426] 3,404) 3,061) 422.2) 10,572] 8,523
Metalworking machinery 3,693] 3,588] 3,717] +2.9)  -3.5| +25.2) 3,941] 3,479] 3,155] 3,430] +14.6] 10,575] 8,971
Computer and office equipment 8,633] 8,406] 7,824] +2.7] +74! +14) 10,616) 7,638] 5,781] 9,300) +14.2] 24,035} 20,784
Electronic and other
electrical equipment ...... 26,438] 24,799] 25,960] +66] -4.5]  +0.7] 27,028] 24,703) 24,387] 21,796} +24.0] 76,118} 63,842
Electrical transmission and
distribution cquipment and
industrial apparatus 2,850] 2,918] 2,982] -2.3} -2.1] +160] 3,116] 3,042] 2,696] 2,771] +12.5 8,854] 8,013
Electric lighting and
wiring equipment ........ 1,905] 2,035] 2,086] -6.4] -2.4] +93} 2,022] 2,100] 1,864] 1,838] +10.0] 5,986] 5,206
Communications equipment 6.759} 5,572) 6,217) +213) 10.4] -4.5) 7,233} 5,100] 5,157} 5,103] +41.7] 17,490] 13,084
Electronic components . 9831) 9,447] 9,687) 44.1] -2.5] 45.5] 9,703} 9,975] 10,045] 7,509) +29.2| 29,723} 23,383
Transportation equipment . 40,464] 40,650] 39,692] -0.5] +24] -5.0 44,885] 42,604] 35,592] 40,242) +11.5] 123,081} 116,147
Aircraft, missiles,
space vehicles, and parts. 9,202} 9,449] 7,315] -2.6] +29.) +17.0) 11,183] 8,889} 5,627] 7,846] +42.5] 25,699} 24,719
Shipbuilding and tanks .... . 376 460] 1,650] 18.3) -72.1] | -56.6} 420} 486} 1,490 609] -31.0 2,396] 1,663
Instruments and related products 10,897] 11,812] 11,466] -7.7] +3.0) +2.5) 11,695] 11,123] 10,394) 10,675 +9.6| 33,212] 30,444
Search and navigation equipment 2,612] 2,486) 2,242] +5.1] +109) -3.5] 2,820] 2,134] 2,039] 1,545] +82.5 6,993 5,785
Measuring and controlling devices 3,403] 3,860] 3,778) -11.8] +22} +40) 3,793} 3,772] 3,518) 3,736] +15] 11,083] 9,752
Medical instruments and supplies 2,751) 3,092} 3,128) -11.0) -1.2) +74) 2.934) 3,027] 2.903) 2,966] -1.1] 8,864] 8,526
All other durable goods . . : 16,630] 16,570} 17,023 +04) -2.7| +1.6| 17,207} 16,381] 15,726] 16,646) +34] 49,314] 46,411
Nondurable goods industries . 136,437] 137,466] 137,217]  -0.7) — +0.2) 0.0] 139,499} 135,083} 126,504] 131,260) +6.3| 401,086] 368,816
With unfilled orders... . 34,179} 34,336] 34,551] -0.5} -0.6 +1.4) 35,212] 34,363) 32,428] 32,397) +8.7| 102,003] 91,308

* Preliminary. ' Revised.

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

(n) When new orders for a prior month are negative because of cancellations, the percentage change calculation is algebraically negative, even though there is a net dollar

increase from the prior month to the current month.

Note : Estimates of manufacturers’ shipments, inventories and orders are subject to survey error and revision. One major component of survey error is nonsampling error,
which includes errors of coverage, response, and nonreporting. Since the survey panel is not a probability sample, estimates of sampling error cannot be calculated. Further
details on survey design, methodology, and data limitations are contained in our most recent annual benchmark publication, Current Industrial Reports: M3-1(92),

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


Table 1. VALUE

OF MANUFACTURERS’

SHIPMENTS
(Millions of dollars)

FOR INDUSTRY GROUPS

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.
1995" 1995° 1995 | Mar. Feb. Jan. 1995" 1995" 1995 1994 | 95/94 1995" 1994
All manufacturing industries . 298,854] 298,556] 297,790] +0.1 +03 +0.6] 312,919] 29: 268,357] 288,084} +8.6] 876,852} 797,698
Manufacturing Industries
with unfilled orders 163,212] 162,069] 161,681 +0.7| +0.2 +1.5] 173,142] 159,547] 144,004] 156,417] +10.7] 476,693] 426,723
without defense capital goods . 292,215] 291,914} 291,018) 40.1 +03]  +0.4) 305,943] 289,218] 262,815] 280,617 +9.0] 857,976] 777,838
Durable goods industries 162,045] 161,206] 161,079] +0.5 +0.1 +1.1) 173,771] 160,976} 142,687] 158,209) +9.8] 477,434] 431,550
With unfilled orders 128,661] 127:849| 127,636 +06] +0.2) +1.6 138,281] 125,667] 112,410] 125,405] +103] 376,358] 338,083
Stone, clay, and glass products 7,114) 7,212) 7,210} -14 0.0) +0.1 6,886] 6,656 6,068 6,578} +47 19,610 17,643
Primary metals 15,263} 15,152] 15,255 +0.7 -0.7]} +0.9) 16,009} 15,456] 14,503} 12,778) +253 4 36,344
Blast furnaces, steel mills. 6,548) 6,467 6319) +13 +23 5.1 6,895 6,571 6,113 5,785] +19.2 16,702
Tron and steel foundries 1,337) 1,335 1,374 +0.1 2.8] 2.2) 1,419] 1,384] 1,288) 1,250] +13.5 3,498
Nonferrous and other primary
metals 7,378] 7,350} 7,562) +04 2.8) +7.3} 7,695} 7,501 7,102 5,743 +34.0 16,144
Fabricated metal products 15,688] 15,858) 16,221 “Ll -2.2) +6.7) 16,490} 15,882] 14,715} 15,955. +34 44,179
Industrial machinery and equipment 30,340} 30,131] 29,149) +0.7] +3.4) 41.2) 35,167] 29,401] 24,628] 30,651 414.7 77,645
Engines and turbines 1.793] 2,023] 1,964] 11.4] +3.0, 40.1] 1.996 1,887] 1,563] 2,025} -1.4 4.929
Farm and garden machinery 1,902) 1,904) 1,836] 01 +37 +5.0) 2,524 2,256) 1,656] 2,408 +48 5,782
Construction, mining and
material handling equipment 3,167} 3,170] 3,128) 0.1] +13] +12) 3,484] 3,349] 2,816] 2,865] 421.6 7,951
Metalworking machinery 3,264) 3,332 3,298 -2.0) +10} +10.6) 3,512 3,223 2,736 2,979} +179 7,782
Computer and office equipment 8,427] 7,990} 7,592] +5.5 $.2| -1.6) 10,643) 6,995] 5,694) 8,986] +184 23,332 20,453
Electronic and other
electrical equipment 25,186] 24,491] 24,602} +2.8] -0.5) -0.2) 26,557} 23,889] 21,604) 22,657 +17.2 72,050 62,197
Electrical transmission and
distribution equipment and
industrial apparatus 2,912) 2,821] 2,777} +32] +16 43.7] 3,202] 2,922) 2,444] 2,798) +14.4) 8,568] 7,690
Household appliances . 1,874) 1,883) 1,945) 0.5 3.2) +0.2) 2,009 1,800} 1,632] 1,991 +0.9 5,441 5,165
Electric lighting and
wiring equipment 1954} 1,948) 1,944 40.3] +0.2) 43.1) 2,071) 2,013] 1,722) 1,831] +13.1] 5,806} 5,141
Household audio and
video equipment . 1130] 111i] -0.7] +17} +05] 1,057] 1,035} 914} 904} +16.9] 3,006] 2,619
Communications equipment 5,700} 5,785 +28 LS} +10} 6,328] 5,255 4,730) 5,064) +25.0 16,313 12,958
Electronic components 8,886] 8.852] +5.2 +0.4] -12| 9,792 8,886) 8,241 7,969] +22.9 26,919 22,314
Transportation equipment . 40,171] 40,217] 40.1 0.1 +0.5) 43,344] 42,205] 35,844] 41,840) 43.6] 121,393] 116,396
Motor vehicles and parts . 28.796 28,686] 28,779] +0.4 -0.3} 1.6] 30,976} 31,065} 26,489) 28,774 477 88,530 83,337
Aircraft, missiles,
space vehicles, and parts. 8,452 8,688] 8,505 -2.7 +22 +54 9,177 8,357 6,753} 10,315 -1L0 24,287 25,524
Shipbuilding and tanks 848] 820-953) +3.4] -14.0] 425.9) 875] 804] 780] 942) 7.1] 2,459] 2,711
Instruments and related products 11,567] 11,624) 11,465 -0.5 +14) +0.5} 12,303} 11,192} 10,140} 11,436 +76 3 31,375
Search and navigation equipment 2653) 2,614] 2,643] +15] 1.1) +7.8] 2,839] 2,524] 2,206] 2,509] +13.2) 7,569] 7.
Measuring and controlling devices . 3,650) 5 3,427) +2.1 +43] 3.0) 4,040) 3,487 3,167| 3,495) +15.6 10,694
Medical instruments and supplies 3108} 3.120) 3,103) -0.4] +05) 0.0) 3,291) 3,055] 2,878) 3,145] +46] 9,224) 8,713
Photographic goods 1.765| 1.925| 1,888] -8.3] +2.0]  -0.8) 1,728) 1,751} 1,535] 1,911] -9.6] 5,014) 5,228
All other durable goods 16671] 16567| 16.960 +06] -2.3] +03) 17,015) 16,295] 15,185] 16,314] +43} 48,495] 45,771
Nondurable goods industries 136,809] 137,350] 136,711 0.0] 139,148} 134,600} 125,670] 129,875] +7.1] 399,418] 366,148
With unfilled orders 34,551] 34,220) 34,045 5 +12} 34,861] 33,880} 31,594] 31,012 +12.4] 100,335 88,640
Food and kindred products 35,900} 36,167] 36,522 1.0) -2.6| 36,552] 35,374] 33,293] 36,861 -0.8} 105,219} 103,700
Meat products 8,038} 8,150} 8,103 +0.6) 3.5) 7,990) 7,957] 564) 8,009} 0.2 23,475
Dairy products . 4,699) 4,792) 4,872| -1.6 3 4,760) 4,679 4,499) 4.868) 22 13,938 13,609
Beverages 5,335] 5,279] 5,305 -0.5} -1.0) 5,298] 4,751 4,474 5,183 42.2 14,523 14,084
All other foods, except “fats and ‘oils 15,728] 15,970] 16,288 2.0) -3.4) 16,404] 16,011] 14,802) 16,901 2.9 47,217 46,915
Tobacco products . 2,784) 3,044! 3,039] 40.2} +144!) 2,937] 2,761 2,475 2,671 +10.0 8,173 7,930
Textile mill products 6,475) 6,380 6,390 0.2 Ll 6,746] 6,194) 5,525] 6,373) +59 18,465 17,276
Broadwoven fabrics and
other textiles . 4,049) 3,995 3,998] 0.1 -17] 4,288) 3,951 3,526) 4,025 +65 11,765 10,877
Paper and allied products . 13,515} 13,372] 13,046 +25] +4.6) 13,719} 13,490} 12,623) 11,096) +23.6 39,832 32,212
Pulp, paper, and
paperboard mill products 5,892 5,697, 5,499) +34) +3.6] +8.5) 5,969] 5,788} 5.341 4361 436.9 17,098 12,753
Paperboard containers and boxes 3.643] 3.609} 3,508] +09] +29 +41] 3,698] 3,580] 3,394] 2,822] +31.0] 10,672] 8,094
Miscellaneous converted
paper products . 3,980) 4,066) 4,039 2.1 +0.7) 0.0) 4,122] 3,888 3,913 +36 12,062 11,365
Chemicals and allied products 30,628} 30,695} 30,502 0.2 +0.6} 0.4) 30,456] 28,931] 29,346 +102 91,737 81,097
Industrial chet Is. 16,932} 16,832] 16,844 +0.6 0.1 +0.2) 17,046] 16,035] 14,782 +19.2 50,707 41,719
Drugs, soaps, and toiletries 10,267} 10,334] 10,236 -0.6 +10) -0.7 9,978) 9,922} 10,593) +06 30,557 29,771
Petroleum and coal products 12,972] 13,400] 12,738 32 +52) +14) 12,100] 11,327] 10,618 +118 35,293 30,925
Rubber and plastics products 10,134] 10,100) 10,115 +03, 0.1 -0.1] 10,685] 10,137 9,476 9,773 +93 30,298 27,093
Alt other nondurable goods 24,401) 24,192} 24,359) +0.9 0.7] 0.0] 24,293] 24,088] 22,020) 23,137] +5.0 70,401 65,915

F 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.