Table 4. VALUE OF MANUFACTURERS? INVENTORIES FOR INDUSTRY GROUPS

(Millions of dollars)

Seasonally adjusted Not seasonally adjusted
Industry Monthly Percent Change Monthly Perce:
ang
Aug. July June} July-| June-] May- Aug. July June Aug.| Aug
1997} 1997" 1997] Aug.] July} June] 1997] 1997" 1997 1996} 97/96
All manufacturing industries... . . 448,542] 446,602) 444,823] +404] +04] 403] 451,963 | 448,123 442,780 | 434,755] +4.0
Manufacturing industries
with unfilled orders... ... 298,471) 297,046] 295,299 405] +061 +03] 302,539] 299,850 295,050] 290,305] +42
without defense capital goods 432,531 | 430,559] 428,890] +05] 40.4] +04] 435/505] 431.679 426,657) 417,382] +43
Durable goods industries . 282,084 | 280,800] 279,166 +06 +04) 285,054] 282,366] 277,739| 273,129 +44
With unfilled orders. 259,207 | 257,852| 256,084 40.71 +04) 262,459] 259,809) 2551462] 250,215] 449
Stone, clay, and glass p 8,712} 8,701] 8,774 08} +03) 8683] 8780] 8807] e412] 432
Primary metals 24,963} 24,802] 24,749 40.2 +02] 25,000] 24/891 24,627) 24,131 43.6
Blast furnaces, 12,115} 12,067] 12,126 05} +08) 12,079 12,041] 11903] 11772] 426
Iron and steel foundries 1,642] 1,651 1,668 10] 0.7] 1614} 1,644 1,701 1599] +09
Nonferrous and other primary
metals . . : 11,206} 11,084] 10,955 #127 +15] 11,307! 11,206] 11,023] 10,760| 45.1
Fabricated metal products -... | 28,601] 28547] 281495 +02) 40.7) 28,684) 28818] 2giss] 27,471) 44.4
Industrial machinery and equipment. 60,317] 60,187] $9,767 +0.7 +021 61,168] 60,363] 59,000] 60,370 +13
Engines and turbines ......, : 3,678] 3,658] 3,624 +09! 05) 3,896] 3,718} +3556] 3,904] 02
Farm and garden machinery 3,275] 3,308} 3,285 40.7) +17) 3,069} 3,083] 3,120] 2846] 78
Construction, mining and
material handling equipment 7,905 7,867 7,762 +14 +S 7,842 7,788 1,787 7,390 +6.1
Metalworking machinery ....... 7,276{ 7,312] 7326 02) 14) 7,545] 7,489] 7290] 7492] 40.7
Computer and office equipment . . . 12,105] 12,090] 11,891 +17 OS) 12,710] 12,391} 11,424] 13.355 48
Electronic and other
lectrical equipment ........... 40,250] 40,290] 39,712} -0.1] +15} 40.1] 40,965] 40,899 39,622] 39,964] 42.5
Electrical transmission
distribution equipment and
industrial apparatus . . 5257/5285] 5316] 05] 06 0.0 5319] 5,322) 5,269] stn | 44
Household appliances . 2817) 2,862 2,804) 16] 421) 407] airar| 234 2,841 2,687} +20
Electric lighting and
wiring equipment ..........., 3,380 3,375 3,355 40.1 40.6 03 3,448 3,457 3,400 3,321 43.8
Household audio and
video equipment 1592! 1,652] 1,496] 366] +104] -21 1,710| 1,767 1,547 1,783{ 4.1
Communications equipment. 10.953] 10,990} 10,609] 03] 436) +08] 111156] 11'052 10,449} 10/384] +74
Electronic components . . 12,784] 12,586 12,638 +16 04 0.5] 13,027} 12,791] 12555] 13,177 “ll
Transportation equipment 67,504] 66,896] 66,398 40.9 40.8 +04) 68,351} 67,103) 65,575] 62/333 49.7
Motor vehicles and parts . 16,761} 16,958} 16,950 12 0.0 22] 16,993] 17,046] 16,348] 16.937 403
Aircraft, missiles,
space vehicles, and parts. 46,018} 45,193] 44,7391 +18] +1.0] +16] 46,591] 45,327 44,622] 40,475] +15.
Shipbuilding and tanks . 1,573 1,587 1,615 09 17 42.4 1,563 1,595 1,596 1,687 14
Instruments and related products .... | 25/024 3000} 24,874) +011 +051 40.7] 25,482| 25'208] 24'083 24,864] 42.5
Search and navigation equipment. $352] 6321) 6257} 40.5] 41.0] 406] 6487] 6449 6276] 6143] +56
Measuring and controlling devices . 7,836 7,890] 7,905 0.7{ 02) +19] 7961 7,999} 7,951 7,767 +25
Medical instruments and supplies | 7893) 7,855) 7,775} +05! +1.0/ +02] 8,003] 7'880| 7705 7,630} +49
Photographic goods . 88) 2,284) 2,292) 402] 03] 0.7] 2373] 2317 2,307} 2,704) -12.2
All other durable goods . . . 26,713} 26,377] 26397] +13 0.1 40.6) 26,721} 26,214] 26,177] 25584] 444
Nondurable goods industries . 166,458) 165,802] 165,657{ 4041 +011 402] 166,909] 165,757 165,041| 161,626] +33
With unfilled orders . . . 39264] 39,194] 39,215] +02 -01 + -02] 40080 39,951 39,588] 40,090 0.0
Food and kindred products 35,269} 35,103] 35,198] 40.5 03] +04) 35,110} 33,963] 33,615] 34,290] 42.4
Meat products .. . : 3,888 868 3,856 40.5 403 40.4 3,810 3,867 3,903 3,636 +48
Dairy products 3133) 3,128) 3,233] 402} 32] -o1] 3230] 3'273 3305] 3,233] 0.1
Beverages ...... -+ 6820) 6,737) 6,660] +12) 412] 05] 67181 S601 6595} 6514] 43.1
All other foods, except fats and oils 19,637] 19,558] 19,539 +04 40.1 +08) 19,794] 18,531] 17,996] 19,100 43.6
Tobacco products... . 6,175 6,223 6,201 08] +04 0.6 5,835 5,695 5,718 5,564] +4.9
Textile mill products . - 10287} 10241) 10,217) +04] 40.2] 40.6] 10374} 10°380 10,296] 10,095] +28
Broadwoven fabrics ‘and
other textiles... 6393] 6,361} 6,360] +05 OOF 405] 6,431} 6,432] 6,368] 6341] 414
Paper and allied products : 15.848 15,859] 15,822) 01] +02] -0.8] 15'870| 15°00 15,760] 16,529] 4.0
Ip, Paper, an
paperboard mill products... . . 6518} 6550] 6557) 05]  -01 05] 6525) 6,478] 6.4701 6.968] 6.4
Paperboard containers and boxes . . 3834] 3,831) 3,802] +01] +08] 24) 34221 gat 3,778} 3,887) 1.7
Miscellaneous converted
Paper products .......... 5.496} 5,478] 5,463] 403] 403 OO) 5,523} 5,501] 5,512] 5,674) 2.7
Chemicals and allied products. 42,591] 42,547] 42,361 +0.1 +04) 408) 42,545] 42,675 42404] 40,353] 45.4
Industrial chemicals. . 19757} 19.611) 19,593) 40.7! 40.1] 404] 19,6981 19's09 19468] 18; +42
Drugs, soaps, and toiletries 17547) 17,697) 17,538] 08! +09] 40.7| 17/845] i8'0s7 17,860] 16,671] +7.0
Petroleum and coal products . 12,370) 12171) 12356) +161 1s] 2a] 12iast| 12°39 12,654) 12,079] +3.
Rubber and plastics products 16,423) 16299] 16248] +081 +03] +01 16,194) 16,281] 16,254] 15,138] +70
All other nondurable goods . 27.495| 27,359] 27254) 40.5] +404] 406] 28530 28,638/ 28,340] 27569) 43.5

° Preliminary. ‘ Revised.

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


10

Total Manufacturing
New Orders and Shipments
Three Month Moving Averages

Billions of Dollars

360 360
New Orders
340 340
320 320
300 300
280 fF - - ---------- rrr rr rr er eer rd 280
260 1 i 1 i L L 1 L L L L 1 L 260
Aug Oct Dec Feb Apr Jun Aug Oct Dec Feb Apr Jun Aug
Aug. 1995 - Aug. 1997
Total Manufacturing

Ratio of Unfilled Orders and

Inventories to Shipments
1/S Ratios UO/S Ratios
25 — 3.9
24P------------- +e eee eee ee eee ee eee eee vos} 3.8
23P---------------- eee eee ere ee “vs 143-7
2.2 3.6
2.1 3.5
2 3.4
1.9 3.3
1.8 3.2
1.7 3.1

1.6 3

1.5 2.9
1.4 2.8
1.3 -- 42.7
1.2 i L 1 1 L L i L 4 1 1 i 1 2.6

Aug Oct Dec Feb Apr Jun Aug Oct Dec Feb Apr Jun Aug
Aug. 1995 - Aug. 1997

Note: All Charts based on seasonally
adjusted current dollars.


Table 6. VALUE OF MANUFACTURERS’ UNFILLED ORD)
FOR TOPICAL SERIES
(Millions of dollars)

NERS AND TOTAL INVENTORIES

Seasonally adjusted Not seasonally adjusted
Industry Monthly Percent Change Monthly Percent
change
Aug. July June | July- | June- | May- Aug. July June Aug. | Aug.
1997 | 197 1997 | Aug. | July | June | 19977 | 1997" 1997 1996 | 97/96
UNFILLED ORDERS
All manufacturing industries .... $27,239 | $22,171 | 523,928 +10 03 +0.2 | 527,619 | 523,719 | 523,505 | 504,227 +46
Market :
Automotive equipment . . . 2457 | 2,418 | 2410} +16] +03] +02] 2518 | 2420] 2347| 2323 | +84
Home goods and apparel. 8,796 | 8977 | 8506] 20] +55] 422] 9490} 9842 | 8993] 97541 05
Consumer staples .... . 2,372 | 2,458 | 2372] -35] +436 | +55 | 2,663} 2,750] 2364} 2406] +107
Machinery and equipment . 233,845 | 232,570 | 232,712 | +05} 01 | +02 | 233,815 | 232,635 | 232'431 | 224910 | +40
Business supplies ..... .. 7,003} 7,112 | 7,050} -15} 409} +12 | 7.242] 7371] 7147] 68571] 456
Construction materials
17,202 | 17,159 | 16,967 | 403] +11] +09] 17,358 | 17,395 | 17,080] 16074] +80
p 102,801 | 102,995 | 103,308 | -02] -03]  -03 | 100,888 | 102,319 | 103,989 | 101,954 “1.0
Other materials, supplies and
and intermediate products ..... . 152,763 | 148,482 | 150,603 42.9 “14 40.4 | 153,645 | 148,987 | 149,154 | 140,162 49.6
Durable goods industries : 3
Nondefense capital goods * . 252,476 | 251,538 | 252,184 | +04] -03 | 40.2 | 252,015 | 251,139 } 251,508 | 242,479 | 43.9
Excluding aircraft and p 99,147 | 99,135 | 97,453, 00] +17 | 05 | 98,686 | 98,736 | 96,777] 95936 | +29
Defense capital goods * . . 107,517 | 107,657 | 108,026 | -01 | -03 |  -04 | 105,603 | 106.953 | 1087739 | 106,766 “Ll
Durables excluding capital gc 141,350 | 136,768 | 137,901 43.4 08 +0.6 | 143,293 | 138,093 | 136,715 | 129,844 +104
Miscellaneous series :
Producers’ durable equipment . 271,484 | 270,332 | 269,948 | +04] +01 | +02 | 272,311 | 270,891 | 269,013 | 262,020 | +39
Household durable goods -...... | 6,162 | 6360 | 5.915] 31] +75] +40] 6603 | 68781 6046 | coll +98
Information technology industries . | 38,884 | 39,307 | 37928 | -11 | 436 | 411 | 39,063] 39.467 | 37894 | 36549 | 369
Health care equipment
and products ............... 7,995 7,838 7,887 +2.0 0.6 25 8,006 7,771 7,653 7,824 423
TOTAL INVENTORIES
All manufacturing industries... .. 448,542 | 446,602 | 444,823 +04] 404 +0.3 | 451,963 | 448,123 | 442,780 | 434,755 +4.0
Market categories :
Automotive equipment .. . 8236 | 8361 | 8402] -15] -05 | -08} 3375] 8367| 8128 | 8,491 -14
Home goods and apparel. 32,862 | 32,754 | 32,273 | +03] +15 | +11 | 33,496 | 33,634 | 33,271 | 31,826 +52
Consumer staples... .. 69,009 | 68,942 | 68912 | 40.1 0.0 | +01 | 69,084 | 68,020 | 67,677 | 66526} +38
Machinery and equipment . 113,954 | 113,279 | 112,218 | +06 | +09 | +1.0 | 115,406 | 113,512 | 111,056 | 107580 | 473
Business supplies . 26,671 | 26,340 | 26,560 | +13} -08 | +02] 27,091 | 26,682 | 26,702 | 26,253 432
Construction materials
and supplies. . 27,585 | 27,458 | 27,388 | +05] +03 | +06] 27,557 | 27,613 | 27,546 | 26,421 +43
Defense products 15,705 | 15,757 | 15,649 | -03| +07] -15 | 16076 | 16,095 | 15,804 | 16,823 44
Other materials, supplies and
and intermediate products . . 154,520 | 153,711 | 153,421 | +05 | +02 0.0 | 154,878 | 154,200 | 152,596 | 150,835 427
Durable goods industries :
Nondefense capital goods * 108,311 | 107,363 | 106,207 | +09] +11 | +10 | 109,872 | 107,789 | 105,154 | 101,478 | +83
Excluding aircraft and parts 72,248 | 72,065 | 71,271 | +03] +11 | +03 | 73,587 | 72\661 | 70533 | 72177) +19
Defense capital goods‘ .. 16011 | 16,043 | 15,933 | 02] 40.7] -13 | 16458] 16,444 | 16123 | 17373 53
Durables excluding capital g¢ 157,762 | 157,394 | 157,026 +02 +02 40.2 | 158,724 | 158,133 | 156,462 | 154,278 42.9
Miscellaneous series :
Producers’ durable equipment 183,474 | 183,008 | 181,742 | +03 | +0.7 | +0.6 | 185,551 | 183,833 | 180,463 | 175,572 | 45.7
Peuschold durable goods | .----- | 16434 | 16424] 16110] +01] +19] 409] 16718] 16653 | 16331 | is'73 +60
Information technology industries . | 35,369 | 35,360 | 34,832 00] +15 +0.8 | 36,397 ; 34,255 | 36,133 +07
Health care equipment
and products ............... 17,416 | 17,455 | 17,289 02] +10 +04 { 17,684 | 17,673 | 17,480 | 16,674 +61

See footnotes at end of table 5.

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


Table 5. VALUE OF MANUFACTURERS’ 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
Aug.| July} June | July-| June-| May-} Aug.| July] June | Aug. | Aug.
19977] 1997" 1997] Aug.| July} June} 1997") 1997" 1997 1996 | 97/496 1997” 1996
SHIPMENTS
All manufacturing industries ..... 330,389] 332,895) 328,315} -0.8] +1.4) +1.5] 331,993} 299,786} 350,833] 316,500 +4.9} 2,580,603 |2,440,500
Market categories :
Automotive equipment . . 14,788] 14,937] 14,305} -1.0] +4, +5.2} 14,647] 10,014} 15,099] 14,055} +4.2] 113,395] 109,486
Home goods and apparel 18,843) 19,104) 19,089} -1.4)  +0.1)  +1.6] 20,056) 17,772) 20,072] 19,619) +2.2| 147,335] 140,890
Consumer staples... . . 69,785} 69,346) 049} +0.6] +0. 0.1] 71,192] 67,061] 70,747] 69,061 +3.1] $43,075] 520,187
Machinery and equipment 60,259] 61,741] 59,788] -2.4) +3. +2.7) 57,215] $1,380] 67,651] $2,640] +8.7) 458,766) 419,894
Business supplies 25,727) 25,697) 25,463} +0.1) +0.9) +1.2} 26,063] 24,324) 26,707} 24,873] +48) 201,012] 192,787

Construction materials
i 20,818) 21,382) 20,746] 2.6) +3.1]  +0.7] 22,055) 20,743] 22,308} 21,234) 43.9] 165,123] 154,391
6,539) 6,737) 7,013] -2.9)  -3.9) +5: 6,330] 6,037] 7,577) 6,238) +15) 52,060] 49,503

and intermediate products ...... 113,630] 113,951] 112,862] -0.3] +1. +1.3] 114,435] 102,455] 120,672| 108,780] +5.2} 899,837 853,362

Durable goods industries :

Nondefense capital goods * . . . 46,894] 48,058) 46,773] -24) +2.7) +2. 43,853} 41,286) 54,540] 39,835] +10.1] 353,894] 320,559
Excluding aircraft and parts 39,947] 40,454) 40,000] -1.3) +1.1] 43.8) 37,453] 34588] 46,733] 34,471]  +8.7) 301,479) 281,111
Defense capital goods ‘ on 6,181 6,346} 6,662] —-2.6 AT +5: 5,927] 5,599} 7,242 5,825] +18 48,951} 46,453
Durables excluding capital goods . | 128,093] 129,423] 127,252] 1.0] +1.7]  +2.6 129,066] 109,405] 135,852| 121,824] —+5.9]1,001,479| 938,289

Miscellaneous series :
Producers’ durable equipment . 116,624] 118,171] 115,667] -1.3| 42.2] 43.1] 113,568] 95,863] 128,141] 106,377] +6.8] 896,985} 836,635
Household durable goods .......] 9,488] 9,660] 9.953 -18] -2:9 +4.2| 9,664] 8380] 10,522) 9390] 42.9] 73,945] 69,173
Information technology industries .} 22,718] 22,774} 22,295) 0.2] +21) +4.3) 21,009] 18,700] 26,904] 18,846] +11.5] 165,389] 150,974
Health care equipment

and products .............0. 10,994} 11,131] 11,191) 12] 0.5] +14) 10,805] 10,307] 11,779] 10,427] +3.6] 86,008] 80,226

NEW ORDERS

All manufacturing industries . . 335,457] 331,138} 329,554) +1.3] +0.5)  +1.7| 335,893] 300,000] 348,136) 312,787 +7.4} 2,596,003 |2,467,693

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

and supplies ...

x 19,575] 19,274, 4.7) +1. +0.9} 19,703} 18,622] 20,243} 19,471 +12] 149,319) 142,929
69,699] 69,431] 69,173} +04) +0. 0.0] 71,106} 67,446] 70,981} 69,053] 43.0} 543,579] 520,714
61,534] 61,599} 60,205] -0.1) +2. +5.2) 58,395] 51,584) 67,076] 50,723] +15.1] 464,009] 436,473
25,619] 25,759} 25,550] -0.5} +08) +1.1] 25,934} 24,548] 26,661] 24,869) +4.3) 201,645] 193,304

20,862] 21,574] 20,896] -3.3)  +3.2) +14) 22,019] 21,058) 22,442) 21,237) +3.7| 166,354] 155,022
Defense products . 6,345} 6,423} 6,690} 1.2] 94.0) +12.3) 4,898] 4,368] 6,833) 4,266) +14.8) 45,841! 51,768
Other materials, supplies and

and intermediate products ...... 117,908] 111,831] 113,456} 45.4] -1.4]  +0.3} 119,092] 102,287] 118,830] 109,061] +92] 911,545} 857,910

Durable goods industries :
Nondefense capital goods? . . . 47,832 47,412| 47,211] +09} +04) +6.8/ 44,729] 40,917] 54,053] 37,706] +18.6] 356,386] 336,685

Excluding aircraft and parts . 39,959] 42,136] 39,512] -5.2] +6. +3.1| 37,403] 36,547] 45,320] 33,765] +10.8] 306,390] 283,398
Defense capital goods‘ ..... +1 "6,04 6271) +11) -4.7] +135] 4,577) 3,813] 6,413] 3,799] +20.5| 42,876] 48,917
Durables excluding capital goods . | 132,675] 128,290] 128,102] +3.4] +0.1] +1.1] 134,266] 110,783] 134,088] 122,581} — +9.5] 1,018,399] 944,775

Miscellaneous series :
Producers’ durable equipment ... . | 117,776] 118,555] 116,141] -0.7] +2.1]  +4.2) 114,988] 97,741] 127,006] 105,127 +9.4) 906,286} 854,326
Household durable goods ....... 9,290} 10,105] 10,182) -8.1] -—0.8| +34] 9389) 91212) 104 9368] +02) 75,748] 70,224
Information technology industries . | 22,295] 24,153] 22,715] -7.7|_ +6.3| +5.9| 20,605] 20,273] 27,037] 18,137] +13.6} 169,362] 151,015
Health care equipment.

and products .............45 11,152] 11,082] 10,992] +06) +0.8) -0.7} 11,034) 10,431] 11,384] 10,513) +5.0] 86,558} 80,706

14,827] 14,946) 14,310} -0.8] 4 +5.2) 14,746] 10,087] 15,070] 14,107, +4.5] 113,711] 109,573
3}

my
e
A
3

» Preliminary. * Revised,

' Topical series are regroupings of the separate industry categories.

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

> Nondefense capital goods industries include : ordnance and accessories; steam, gas and hydraulic turbines; internal combustion ’s; construction, mining, and materi:
handling equipment; metalworking machinery; special industry machinery; industrial machinery; computer and office equipment; refrigeration, heating and servi
industry machinery; electrical transmission and distribution equipment; electrical industrial apparatus; communications equipment; aircraft, missiles, space vehicles, and engin.
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, tan!
and tank components; and search and navigation equipment.

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



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

Inventory / Shipments ratio Unfilled Orders / Shipments ratio’
Industry Aug. July June May Aug. Jul June May
1997" 1997" 1997 1997 1997° 1997" 1997 199°
All manufacturing industries... ... 136 134 1.35 2.86 2.80 2.84 2.89
Durable goods industries 156 1.53 1.55 3.39 3.32 3.36 3.44
Stone, clay, and glass products 1s Mi Liz 0.89 088 097 0.95
Primary metals 1.62 159 1.60 2.08 2.04 2.01 2.03,
Fabricated metal products |. . 1.50 130 151 146 146 1.46 147
Industrial machinery and equipment . 177 172 1.74 230 223 2.26 238
Electronic and other
electrical equipment... 134 137 134 1.85 1.75 1.84 1.88
Transportation equipment . te 157 152 137 11.29 10.87 WT 11.29
Instruments and related products. |. . 192 1.88 189 3.76 3.70 3.58 3.72
Nondurable goods industries . 1.12 Lit 1.12 1.12 0.71 0.71 071 0.71
Food and Kindred products - 0.88 0.87 0.88 0.87 & &) & ()
Tobacco products. . 1.94 196 194 1.95 (Xx) (x) ()
Textile mill products 152 147 152 1.50 (NA) iA) (NA) (NA)
Paper and allied products. . 119 it 119 121 (NA) 1A) (NA) (NA)
Chemicals and allied product 130 130 1.29 1.28 & (X) tea) &
Petroleum and coal products 0.77 0.80 0.82 0.84 (Xx) (Xx) &) &)
Rubber and plastics products - 133 130 1.32 1.33 &) &) &) (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 machiner
motor vehicle assembly operations; other transportation equipment; foods and related products; tobacco; knitting mill products; apparel and related products; chemica
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
Aug. Aug. Aug. Aug.
Aug? | 1996- Aug? | 1996: Aug? | 199 Aug? | 1996-
Aug.’ | 1992-| July | Aug! | 1993-} July | Aug! | 1992-} July] Aug. | 1993-] July
1997 | 1996} i997] ‘1997 | 1996] i907 | ‘1997 } ‘1996 | 1997 | 1987 | ‘i906 | ibe
All manufacturing industries .... . (es) 02 (x) 02 02 (X) 0.1 01 (x) 0.0 0.0
Durable goods industries ...... 0.0 02 0.0 03 03 0.0 0.1 01 «) 0.0 0.1
Stone, clay, and glass products . (X) 0.5 (x) 12 1.0 (X) 0.7 08 (Xx) 0.0 02
Primary metals 05 02;  -02 09 08 02 04 03 & 01 0.0
Fabricated metal products . : . (x) 03 (X) 0.6 0.6 (X) 04 04 (X) 03 0.1
Industrial machinery and equipment . Ol 05 04 02 07 02 01 02 () 02 ol

Electronic and other

electrical equipment . . 02 03 0.5 0.0 05 11 02 0.2 0.5 (Xx) 01 Ol
‘Transportation equipment : 0.0 10 03}  -02 13 10 0.0 02 02 &) 0.0 ol
Instruments and related products . . . . (x) 03 05 (X) 0.6 13 (&) 0.1 03 (x) 01 02
Nondurable goods industries . . (X) 0.0 0.1 fea) 0.1 0.1 () 0.2 03 &) 0.0 0.1
Food and kindred products . . (x) 01 04 (x) ® es) x) &® (e3) (x) 01 02
Tobacco products . . . () 0.0 0.1 X ea) (x) (e.9) X &) (xX) 0.0 0.0
Textile mill products . (X) 02 03 (X) ] (NA) | (NA) (X) | (NA) | (NA) (X) 0.1 02
Paper and allied products... & 02 04 ) | (NA) | (NA) |] Nay] (Na) & OL 0.1
Chemicals and allied products . (xX) 01 02 (X) () (xX) (x) (Xx) (X) (xX) 01 Ol
Petroleum and coal products. &) 02 01 (x) &) () &) &) &) &% 04 04
Rubber and plastics products. &) 02 03 (x) (Xx) (x) (x) (x) &) (Xx) 0.1 0.1

Capital goods industries :
londefense 0.0 07 04 0.0 06 06 0.0 02 0.1 fea) 01 0.1
Defense . . 00 06 05 0.0 61 35 0.0 03 02 & ol ol

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

Note : The five year and the twelve month revisions are the differences between the month-to-month rcent changes of the preliminary and final estimates, Th:
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 th
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.


CURRENT INDUSTRIAL REPORT:

oe
ey

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

Manufacturers’ Shipments

Inventories, and Orders

August 199:
a M3-1-(97)-0
For Wire Transmissions 10:00 a.m. E.D.T. October 2, 196

For Data - (301) 457-4673
For Questions - Kathy Menth or Gloria Cable
(301) 457-4804 or (301) 457-4832

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

Summary

New orders for manufactured goods in August increased $4.3 billion or
13 percent to $335.5 billion, the Department of Commerce, Bureau of the
Census reported today. This follows a 0.5 percent July increase and is the
third consecutive monthly increase. Excluding transportation, new orders
increased 0.8 percent, following a 1.0 percent July increase. Year to date,
new orders are 5.2 percent above the same period a year ago.

Shipments decreased $2.5 billion or 0.8 percent to $330.4 billion,
following a 1.4 percent July increase. This is the first decline since May and
the third this year. Year to date, shipments are 5.8 percent above the same
period a year ago.

Unfilled orders, up three of the last four months, increased $5.1 billion
or 1.0 percent to $527.2 billion, following 2 0.3 peroent July decrease. The
unfilled orders-to-shipments ratio was 2.86, up from 2.80 in July.

Inventories, up thirteen of the last fourteen months, increased $1.9 billion
or 04 pereent fo $448.5 billion, following a 04 pereent July increase. The
y.

inventories-to-shipments ratio was 1.36, up from 1.34 in Jul
New Orders

New orders for manufactured durable goods in August increased $4.9
billion or 2.7 percent to $186.5 billion, unrevised from the previously
published 2.7 percent increase. This follows a 0.1 percent July increase and
is the third consecutive monthly increase.

Electronic and other electrical equipment, up for the first month since
May, had the largest increase, $7.5 billion or 28.4 percent to $33.8 billion,
mostly due to electronic components. This follows a 12.2 percent July
decrease. Transportation equipment, up two of the last three months,
increased $2.1 billion or 5.0 percent to $43.8 billion, as a large increase in
aircraft and parts more than offset decreases in the other components. This
follows a 2.7 percent July decrease. Instruments and related products, down
for the first month since May, decreased $2.6 billion or 16.8 percent to $12.8
billion. This follows increases of 15.2 percent in July and 7.4 percent in
June. Primary metals, down for the first month since May, decreased $0.6
billion or 3.8 percent to $15.6 billion, following a 3.6 percent July increase.
Industrial machinery and equipment, down for the first month since May,
decreased $0.4 billion or 1.0 percent to $34.7 billion. This follows a 6.1
percent July increase.

New orders for nondurable goods, down for the first month since May,
decreased $0.6 billion or 0.4 percent to $148.9 billion, following a 1.0
percent July increase. Declines, led by printing and publishing, paper-and
allied products, and textile mill products, more than offset increases led by
petroleum and coal products.

Shipments

Shipments of durable goods in August, down for the first month since
May, decreased $2.7 billion or 1.4 percent to $181.2 billion, unrevised from
the previously published 1.4 percent decline. This follows a 1.7 percent July
increase.

Transportation equipment, down for the first month since May, had the
largest decrease, $1.0 billion or 2.3 percent to $43.0 billion, due to aircraft

and parts and motor vehicles and parts, This follows a 3.6 percent Jul
increase. Industrial machinery and equipment, also down for the first mont
since May, decreased $0.8 billion or 2.2 percent to $34.2 billion, followin
a 1.9 percent July increase. Instruments and related products decreased $0
billion or 2.1 percent to $13.1 billion. This follows increases of 1.1 perce:
in Tuly and43 percent in June. Ston, clay, and glass products, down the
of the last four months, decreased $0.3 billion or 3.4 percent to $7.6 billioi
This follows a 4.8 percent July increase. Primary metals decreased $0
billion or 1.3 percent to $15.4 billion, following increases of 0.9 percent

July and 1.7 percent in June. Electronic and other electrical equipment, v
three of the last four months, increased $0.6 billion or 2.0 percent to $30
billion. This follows a 0.6 percent July decrease.

Shipments of nondurable goods, up for the second consecutive mont!
increased $0.2 billion or 0.1 percent to $149.2 billion. This follows a 1

rcent July increase. Petroleum and coal products had the largest increas:
$0.9 billion or 6.0 percent to $16.1 billion. This follows a 1.5 percent Jul
increase.

Unfilled Orders

Unfilled orders for durable goods in August increased $5.4 billion or 1
percent to $501.3 billion, unrevised from the previously published 1
percent increase. This follows a 0.4 percent July decrease and is the thir
increase in the last four months.

Elecuonic and other eleccal equipment, up thee ofthe, last four month
had the largest increase, $3.9 billion or 7.6 percent to $55.3 billion. Th
follows a 5.5 percent July decrease, Transportation equipment increase
$0.9 billion or 0.4 percent to $250.5 billion, due to aircraft and parts. Th
follows a 0.9 percent July decrease and is the second increase in the la
three months. Industrial machinery and equipment, up for the secon
consecutive month, increased $0.6 billion or 0.8 percent to $73.5 billio:
following a 0.2 percent July increase. Primary metals, up for the eigh’
consecutive month, increased $0.3 billion or 0.9 percent to $32.0 billio:
following a 2.2 percent July increase. Instruments and related product
down for the first month since May, decreased $0.3 billion or 0.5 percent |
$49.0 billion, following a 4.4 percent July increase.

Inventories

Inventories of durable goods in August, up thirteen of the last fourtee
months, increased $1.3 billion or 0.5 percent to $282.1 billion. This follov
a 06 percent July increase. Transportation equipment, up for the twentie!
consecutive month, increased $0.6 billion or 0.9 percent to $67.5 billio:
This follows a 0.8 percent July increase. Primary metals, up for the four
consecutive month, increased $0.2 billion or 0.6 percent to $25.0 billio.
following a0.2 percent July increase. Industrial machinery and equipmen
up for the fifth consecutive month, increased $0.1 billion or 0.2 percent
$60.3 billion. This follows a 0.7 percent July increase.

Inventories of nondurable goods, up twelve of the last thirteen month
increased $0.7 billion or 0.4 percent to $166.5 billion, following a 0
percent July increase. Led by petroleum and coal products and food ar
kindred products, nearly all industries increased.

By stage of fabrication, August finished goods increased 0.8 percent

durables and 0.5 percent in nondurables. Work in process increased 0.8

percent in durables and 1.2 percent in nondurables. Materials and suppli:
decreased 0.3 percent in durables and 0.1 percent in nondurables.

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

‘The advance report on durable goods for September is scheduled for October 29, 1997 at 8:30 a.m. and the full report on November 5, 1997 at 10:00a.m. For sale by the Superintender
of Documents, U.S. Government Printing Office, Washington, DC 20402. This report is available on the day of issue through the Deparunent of Commerce’s online Economic Bulletit

Board (N-8-1) (202-482-3870).


Nondefense Capital Goods
New Orders and Shipments
Three Month Moving Averages

Billions of Dollars

11

52

New Orders

Shipments

4 52

Aug Oct Dec Feb Apr Jun Aug Oct Dec Feb Apr Jun Aug
Aug. 1995 - Aug. 1997
Defense Capital Goods
New Orders and Shipments
Three Month Moving Averages
Billions of Dollars
10 10
g}---------------------- 2-2 ell New Orders | Ig
Shipments

Aug Oct Dec Feb Apr Jun Aug Oct Dec Feb Apr
Aug. 1995 - Aug. 1997

4

Jun Aug

Note: All Charts based on seasonally

adjusted current dollars.


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

(Millions of dollars)
‘Seasonally adjusted ‘Not seasonally adjusted ;
Industry Monthly Percent Change Monthly Percent
ange
Aug. July June July- June- May- Aug. July June Aug. Aug.
19977 | 1997" 1997 | Aug. | “July | June | 19977 | 197° 1997 1996 | 97/96
MATERIALS AND SUPPLIES.
All manufacturing industries ..... 147,044 | 147,367 | 147,068 02 +02 +0.4 | 147,700 | 147,709 | 145,923 | 146,052 +11
fies... 86,213 86,461 86,081 03 +04 +08 87,274 86,910 84,974 85,828 +17
Stone, clay, and glass products 2871 2912 | 2:8 4] 407{ +02) 2909] 2915 | 2807] 2/887 +08
ary metals ....... 8066 045 7962 | +03] +10] +05 8126 8013 7,807 7571 473
Fabricated metal products . 10,443 10,464 10,387 02 +0.7 +08 10,451 10,500 10/381 10,223. +22
Industrial ‘tot and equipm 18,077 | 18,252 | 18318 10} 04] +18 | 18625 | 18352 | 18,134] 197548 47
nic
electrical eauipment i 13,¢ 13,829 13,695 16 +10 0.1 13,827 14,070 13,557 13,820 +01
‘Transportation equi 14,674 14,684 14,421 01 +18 +1 14,768 14,869 14,163 13,957 +5.8
Instruments and Telated produc | 8,362 8,300 8,264 +0.7 +04 +15 8,459 8,361 8,290 7,964 46.2
Lumber, furniture and
miscellaneous durable goods ..... 10,116 9,975 10,142 +14 16 02 10,109 9,830 9,745 9,858 42.5
Nondurable goods industries . 60,831 906 | 60,987 0.1 0.1 03 | 60,426 799 | 60,949 +03
Food an¢ and Kindred Products . 11,220 11,214 11,244 +0.1 03 0.1 10,808 10,871 11,022 11,057 23
fobacco products, 3,189 5,222 5,275 0.6 10 +09 5,018 930 4,997 796, +46
Tents : 3167] 31471 3140] +06] +02] +401 3145 | 3,185 31156 2/955 46.4
Paper and allied producis . 7,652 7,714 697 08 +02 “LS 7,638 7,636 7,598 8,030 49
Chemicals and lied products 14,276 14,285 14,166 0.1 40.8 40.7 14,264 14,419 14,341 13,565 +5.2
um and coal products 3,552 3,531 3,624 +06 2.6 48 3,584 3,572 3,755 603 0.5
Apes and plastics 6,23 6,213 6211 | +04 0.0 06 | 6,175 6278 6193 6028 +24
are! printing, 2
ase 9,538 9,580 | 9,630 04} 05] +03 9,794 9,908 9,887 | 10,190 39
WORK IN PROCESS
All manufacturing industries... .. 142,882 | 141,675 | 140,623 | +09 -0.1 | 144,842 | 142,588 | 139,631 | 137,066 45.7
Durable goods industries ......... 114,811 | 113,931 | 113,043 +08 +01 | 116,527 | 114,819 | 112,447 | 110,399 +5.6
Stone, Clay, an and glass products .... 1, 1,171 1,186 +83 73 1,268 1,205 226 216 +43
Primary metals ....... 8,850 8,837 8,862 +0.1 40.6 8,888 8,997 8,875 8,719 +19
Fabricated metal 8,075 8,102 8,006 0.3 +03 8,242 8,194 7,986 7,946 43.7
Industrial machinery and equi 850 22,747 22,675 40.5 04 22,986 22,562 642 42.6
ic an
electrical soem ei 15,072 14,946 14,830 +08 40.6 43305 15,102 14,800 15,404 0.6
Transportation eqn 43,482 | 42/807 | 42267] +16 0.1 | 44063 | 42748 | 41,721 | 38981 | +13.0
Insrumenis ad rete products 10,106 10,182 10,080 07 +08 10,345 10,390 10; 122 10,281 40.6
miscellaneous durable goods .... . 5,108 5,139 5,137 06 +18 5,192 5,197 5,155 5,210 03
Nondurable goods industries . 28,071 27,744 we 380 +12 07 28,315 27,769 27,184 26,667 +62
Food and Kindred products . 253 5,064 +37 16 955 4 alg 4,594 },605 +76
Tobacco products ... 191 216 es ALG 04 163 154 194 16.0
Textile mill products : 2,546 2,556 | 2,554 04 05 | 2,572 2, in 2,536 2,597 -1.0
Paper and allied products 1718 1,686 1690] +19 02 1,754 1,725 17. 1,713 424
Chemicals and allied prodi TA94 TA84 744 | 401 +03 7,645 77659 7491 970 +97
Petroleum and coal products 2,619 2,589 2,641 +12 29 2,674 2601 2,657 2,708 13
Rubber and Plastics products 2,268 2,236 2,211 +14 15 2,252 2/204 2,147 2,051 49.8
Apparel, printing and publishing
and leather goods ............. 5,982 5,913 5,823 +12 02 6,300 6,216 5,879 5,829 +8.1
FINISHED GOODS
All manufacturing industries ..... 158,616 | 157,560 | 157,132 +0.6 | 159,421 | 157,826 | 157,226 | 151,637 +5.1
Durable goods industries ...... 81,060 | 80,408 | 80,042 +0.3 | 81,253 | 80,637 | 80,318 | 76,902 45.7
Stone, clay, and ine b products” 4573 ¥ 4,696 424] 4506] 4660] 4774 | 47309 44.6
Primary metals 8,047 k 7925 05 7986 | 7;881 7945 T7R4l +18
10,083 9,981 10,102 +10 9,991 10,124 10,491 9,302 +74
19,390 19,188 18,774 05 19,319 19,025 18,304 18,180 +63
x 11,574 11,515 11,187 0.5 11,833 4,727 11,265 10,740 +10.2
sportation equipment 9,348 9,405 9,710 +19 9,520 486 9,691 9,395 +13
Instruments and elated products . 6,556 6,518 6,530 02 6,678 547 6571 6,619 +09
Lumber, furniture and
miscellaneous durable goods .... 11,489 11,263 M118 +09 11,420 11,187 11,277 10,516 +8.6
Nondurable goods industries . 71,556 71,152 77,090 +01 +09 78,168 77,189 76,908 74,735 +46
Food and kindred products . 18,796 18,825 18,962 0.7 +12 19,347 18,476 is 18,637 43.8
Tobacco products . 795 785 701 +12.0 10.7 654 601 574 +13.9
Textile mill jucts.. 4,574 4,538 4,523 +03 +16 4,657 4,611 4,604 4,543 42.5
Paper and allied d products 6,478 6,459 6,435 +04 0.1 6,478 6,439 6,436 6,786 45
‘Chemicals and allied proc 20,821 20,778 20,751 +01 +10 20,636 20,597 20,572 19,818 +41
Petroleum and coal products 6,199 6,051 6,091 0.7 0.0 193 6,152 6,242 5,768 +74
Rubber and plastics products 7918 7,850 7,826 03 +12 7,167 7,199 7914 7,059 +10.0
Apparel, printing and publishing
and leather er goods ............. 11,975 11,866 11,801 +0.6 +14 12,436 12,514 12,574 11,550 477

” Preliminary. ‘ Revised.

See nate at end of tahle 7 relating to curvey errr and revision


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

(Millions of dollars)

‘Seasonally adjusted

Not seasonally adjusted

Industry Monthly Percent Change Monthly Percent
change
Aug. July June] July-] June-] May- Aug. July June Aug.| Aug.
1997°] 1997" 1997] Aug.| July} June] 1997] 197" 1997 1996] 97/96
All manufacturing industries . $27,239 | $22,171] $23,928} +10) -03] +02] 527,619] 523,719] 523,505] 504,227] +46
Manufacturing industries
without defense capital goods ..... 419,722] 414,514] 415,902 +13 03 +0.4| 422,016] 416,766] 414,766] 397,461 +6.2
Durable goods industries ......... $01,343] 495,963] 498iit] 41.1] -04] +02] 500,911] 496,185] 496,962] 479,089] +46
Stone, clay, and glass products . 6453] 6,595] 6,887] -22] = -42] +14] 6,583] 6,687] 68671 6,647] 1.0
Primary metals... . F 32,025] 31,753] 31,064] +09] +22] +09) 31,888] 31,781] 31,053] 29,632| +76
Blast furnaces, steel mills . 12,851 12,842 12,594 +0.1 +2.0 +14 12,915 12,958 12,655 12,558 +28
Iron and steel foundries . . 5 4,965 4,858 +0.7 +22 42.1 4,955 5,004 4,927 4254] +165
Nonferrous and other primary
metals 14,174] 13,946] 13,612] +16] 42.5 0.0] 14,018] 13,819] 13,471} 12,820] +93
Fabricated metal products - | 26207] 26,210] 25,988, 00) +09) +16] 26576] 26665] 26111} 23,782] +117
Industrial machinery and equipment . | 73,519] 72,942] 72,784] +08] +02) = -1.6] 72,804) += 72,246] 71,821] 72,418] +0.
Engines and turbines .......... 11,647 11,588 11,704 40.5 “1.0 3.6] 11,499} 11,291 11,205 11,731 2.0
Construction, mining and
material handling equipment .. . . 9,482 9,293 9145] 42.0 +16) +10 9,150 9,100 9,180 8,642] +59
Metalworking machinery ....... 8,048} 7,930] 8,092] +15] -20] -55| 8048] 7930] 8092] 8863] -92
Computer and office equipment . . . 8,650} 8,767] 8.878] 13] = -13]—-5.8| 8,823] = 8.923] = 8.844] 10,162] 13.2
Electronic and other
electrical equipment ........... 55,306] 51,422] 54,427 +76 5.5 40.9] 56,354] 51,704] 53,579] 50,986] +105
Electrical transmission and
distribution equipment and
industrial apparatus ........... 6,542 6,600 6,681 09 12 13 6,553 6,636 6,593 6,380 42.7
Electric lighting and
wiring equipment 4,736 4,626 4,449 42.4 +4.0 0.6 4,736 4,626 4,449 4,325 495
Communications equipment . 14,649] 14,806] 15,135 ll 22 +62] 14,649] 14,817] 15,173} 13,778 +63
Electronic components . 23,056] 19,310] 22,172) +194] -129] -13| 23,840] 19,558] 21,381] 21,199] +12.5
Transportation equipment . 250,525) 249,648] 251,839) +04] -09] +02] 249,183} 249,194] 252314] 242528] +2.7
Aircraft, missiles,
space vehicles, and parts. 219,412] 217,999] 220,092) +06) 1.0] +0.4} 217,928] 217,466] 220,725] 210,355] +3.6
Shipbuilding and tanks . 17,697| 18,074] 18,443 21 2.0 0.2] 17,735] 18,170] 18,608] — 18,589 46
Instruments and related products .. . . 49,038 | 49,290| 47,231 05 +44 +04] 48,678] 49,190] 47,144] 45,177 417
Search and navigation equipment . | 29,171] 29,404] 27,661] -0.8] +63] +06] 28,741] 29,222] 27,703] 26,894] +69
Measuring and controlling devices . 9,980] 10,015 9,997 03 40.2 0.7 9,980| 10,015 9,997 9,535 44.7
Medical instruments and supplies . 7,952} 7,797) 7,849] 420) 0.7] -2.5| 7960] 7,734) 7614] 7,793] 42.
All other durable goods .......... 8270} 8103] 7,891) +21) +27) 42.1] 8845] 8718] = 8,073] 7919] H11.7
Nondurable goods industries ....... 25,896 | 26,208] 25,817 12 +15 +13] 26,708] 27,534| 26,543] 25,138 +6.2

* Preliminary. * Revised.

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


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

Seasonally adjusted Not seasonally adjusted"
Monthly Percent Change Monthly Percent] Year to date
Industry change =
Aug.| July] June | July-| June-} May-} Aug.| July} June] Aug.| Aug.
19977] 1997" 1997] Aug.| July] June} 19977] 1997" 1997 1996 | 97/96 1997? 1996
All manufacturing industries ..... 335,457) 331,138] 329,554] +1.3] +0.5]  +1.7] 335,893] 300,000] 348,136] 312,787] +74) 2,596,003 [2,467,693
Manufacturing industries
with unfilled orders ... . . : 189,507] 184,777] 185,772] +2.6] -0.5{  +2.6 187,613] 165,500} 198,219] 169,037)  +11.0] 1,447,080 |1,368,958

without defense capital goods . 329,416] 325,161] 323,283] +13} +0. +1.5) 331,316] 296,187] 341,723] 308,988] 4+7.2{ 2,553,127 [2,418,776

Durable goods industries . . 186,548] 181,679] 181,584] +2.7] +0.1] +2.91 183,572] 155,513] 194,554] 164,086]

1,417,661 |1,330,377

With unfilled orders 153,189) 147,344] 148,943] +4.0} -1.1]  +2.67 150,127] 129,093] 160,194} 131,936] 1,158,083 {1,083,948
Stone, clay, and glass products . TA451) 7,566) 7,593} -1.5} 0.4, +1.1/ 8,039] 7,667) 8,169] 7,501 60,297 678
Primary metals ........ . 126,585} 118,279

. 15,639] 16,258] 15,694] -3.8] +3.6)  +1.1) 15,415 14,829} 15,736] 14,709}
Blast furnaces, steel mills 6,181] 6,511] 6,460] -5.1] +0.8) +3.6) 6,104] 6,032] 6,390] 6,044)

n x 51,487] 49,400
Tron and steel foundries . 1,508] 1,667] 1,543] -9.5] +8. +25) 1,483) 1,349] 1,645] 1,499}

12,407) 11,817

7,691) -1.6) +5.) -1.1) 7,828] 7,448) 7,701| 7,166} 62,691) 57,062
19,299] -0.9] -0.24  +3.2 19,570] 17,470] 20,631] 18,947] 151,962] 143,475
33,103} 1.0] +6.1]  +1.1] 32,427] 30,018] 37,482] 30,107] +7.7| 263,668] 247,963

1,464 +7.6) 427.8) -2.21 1,903) 1,485] 1,791 1,666] +14.2) = 12,969] 13,378

4,124 4,006] 3,853} +2.9) +4.) +5,3) 3,851) 3,397] 3,971] 3,237) -+19.0] 30,863] 27,804
3,633) 3,425] 3,086] +6.1] +11. 4.6, 3,443) 2,846) 3,489] 2,981] +15.5] 25,861] 23,758

‘material handling equipment
Metalworking machinery...

Computer and office equipment ...| 9267] 9,362) 8781] -1.0| +66, +17] 8280] 7.284] 11:562| 7871] +52] 67:038| 63.373
Electronic and other
electrical equipment ........... 33,840) 26,365) 30,045] +284] -12.2) -2.6, 34,032} 23,487] 31,744} 25,828] 431.8] 232,251] 206,574

Electrical transmission and
distribution equipment and

industrial apparatus ........... 3,183] 3,271] 3,188} -2.7) +2.6 1.3] 3,115} 3,062] 3,452] 3,058] = +1.9] 26,076] 25,042
Electric lighting and
wiring equipment 2,237 2,329] 2,053] -4.0) +134] 1.7] 2,222] 1,986] 2,131] 2,084] +66] 16,782] 15,979

Communications equipment .
Electronic components . .

Transportation equipment . .
Aircraft, missiles,

6,775] 6,324) 7,408) +71) -14.6 +102) 6,152] 5,271] 8,405) 4,623) +33.1 49,458] 41,283
16,043] 9,069) 11,733} +769) -22.7] -12.7] 16,542] 8,519] 11,770] 10,307} +60.5] 96,610] 82,675
43,831) 41,752] 42,905) +5.0) -2.7] +8.8) 42,090} 28,898) 45,570] 36,738] +14.6] 325,172] 325,356

space vehicles, and parts. . 11,616] 8,884] 11,272] +308] -21.2 10,029] 6,433] 12,121] 5,819 82,031
Shipbuilding and tanks . . $09} $49} 903) -=7.3] -39.2] 424] 418) 1,168] '535 7,308
Instruments and related products 12,799] 15,387] 13,354] -16.8] +15.2] 12,231] 14,005] 14,562] 11,376} 93,725
Search and navigation equipment .| 2.4071 4,494] 2.878] -46.4] +56.2 2,069} 3,960] 3,119] 1,779] 17,160
Measuring and controlling devices .| 3,952] 4,061] 3,925] -2.7] +3.) 3,924) 3,519] 4,223] 3,543 28,300
Medical instruments and supplies .) 4.2221 4,100] 3,972] +3.0] +3. 4208] 3,948] 4,222] 3,954) 30,745
All other durable goods .......... 19,151] 19,980] 19,591] 4.1) 42.0 19,768} 19,139] 20,660] 18,880] 153,253} 140,327

Nondurable goods industries

148,909] 149,459] 147,970) -0.4) +1.
With unfilled orders . .

36,318] 37,433] 36,829] -3.0] +14

+0.3) 152,321] 144,487] 153,582] 148,701 +2.4) 1,178,342 [1,137,316
4) 37,486) 36,407) 38,025) 37,101 +1.0] 288,997] 285,010

” Preliminary. * Revised.
* Shipments and new orders are the totals for the period and are adjusted for trading-day and calendar-month variations.

(n) When new orders for a prior month are negative because of cancellations, the percentage change calculation is algebraically negative, even though there is a net «
increase from the prior month to the current month.

Note : Estimates of manufacturers’ shipments, inventories and orders are subject to survey error and revision. One major component of survey error is nonsampling
which includes errors of coverage, response, and nonreporting. Since the survey panel is not a probability sample, estimates of sampling error cannot be calculated. Fu
details on survey design, methodology, and data limitations are contained in our most recent annual benchmark publication, Current Industrial Reports: M3-1
"Manufacturers’ Shipments, Inventories, and Orders: 1982-1995."


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
Aug.| July | June} July- | June-] May-| Aug.| July] June | Aug.| Aug.
19977} 1997" 1997] Aug.| July} June} 19977] 1997" 1997 1996 | 97/96 1997" 1996
All manufacturing industries .... . 330,389] 332,895] 328,315] -0.8} +1.4} +1.5] 331,993] 299,786] 350,833] 316,500 +4.9| 2,580,603 {2,440,500
Manufacturing Industries
with unfilled orders .........- 184,439] 186,534] 184,533] -1.1 183,713] 165,286] 200,916] 172,750} +6.3} 1,431,680 }1,341,765
without defense capital goods . . . | 324,208] 326,549] 321,653} -0.7} 326,066] 294,187] 343,591] 310,675 +5.0 | 2,531,652 [2,394,047
Durable goods industries 181,168] 183,827] 180,687) -1.4] 178,846] 156,290} 197,634] 167,484) +6.8) 1,404,324 11,305,301
With unfilled orders 147,809] 149,492) 148,046) = -1.1 145,401} 129,870] 163,274] 135,334) +7.4) 1,144,746 [1,058,872
Stone, clay, and glass 7,593) 7,858] 7,500] -3.4] 8,143] 7,847] 8,181) 7,557] +781 60,291) 54,840
Primary metals 15,367] 15,569] 15,425} -1.3 15,308} 14,101] 16,236] 14,463 +5.8| 123,135] 115,839
Blast furnaces, steel . 6,172! 63) 6,287) -1.5 6,147) 5,729] 6,566) 6,056] +15] 50,107) 48,350
Iron and steel foundries . . os 1,473] 1,560] 1,445] -5.6) 1,532} 1,272] 1,555] 1,475) 43.9) 11,744] 11,098
Nonferous and other primary
eee eeeereces see 7,722] 7,746] 7,693} 0.3] 7,629] 7,100) 8,115] 6,932] +101) 61,284) 56,391
Fabricated metal products . «| 19,095] 19,042] 18,885} +0.3] 19,659} 16,916) 20,119] 18,836) +44) 149,616] 141,882
Industrial machinery and equipment | «| 34,168] 34,949} 34,284) = -2.2) 31,869] 29,593) 39,738) 29,817 +6.9} 263,028] 246,258
Engines and turbines .... . 1,955} 1,987] 1,903} -1.6) 1,695} 1,399] 2,209} 1,536} +10.4) 14,171} 13,941
Farm and garden machinery . 2,170} 2,261] 2,049} -4.0) 1,801 1,783} 2,041 1,583) +13.8) 17,233] 15,767
Construction, mining and
material handling equipment 3,935] 3,858) 3,759} +2.0) 3,801] 3,477) 4,046} 3,339] +13.8] 30,342] 27,530
Metalworking machinery 3,515] 3,587} 3,558] -2.0 3,325] 3,008] 3,961) 2,938) +13.2} 26,023 sf
and office equipment . 9,384] 9,473] 9,328) -0.9 8,380] 7,205) 12,382] 7,758] +8.0] 67,996] 62,657
Electronic and other
electrical equipment ........... 29,956] 29,370} 29,561] +2.0} 29,382] 25,362] 32,362} 26,037) +12.8] 223,759] 205,061
Electrical transmission and
distribution equipment and
industrial apparatus . . 3,241) 3,352) 3,275) -3.3) 3,198} 3,019] 3,669) 3,137] +19] 25,825) 24,747
Household appliances . 1,986] 1,987] 2,078) -0.1 2,073} 1,849] 2,398) 2,024! +241 16,035] 15,619
Electric lighting and
wiring equipment ...........- 2,127[ 2,152] 2,082] -1.2| 2,112) 1,809} 2,160) 2,021 +45) 16,460} 15,536
Household audio and
video equipment ............. 1,281 1,287] 1,412) 1,367) 1,127] 1,281 1,380] 0.9) 9,396 8,802
Communications equipment . . 6,932] 6,653] 6,523 6,320) 5,627] 7,473] 5,025] +25.8] 47,209} 41,007
Electronic components . 12,297} 11,931] 12,023 12,260} 10,342] 13,058} 10,312) +189] 92,531] 82,808
Transportation equipment . 42,954} 43,943] 42,415} 42,101} 32,018] 45,576} 39,759} +59) 331,724) 307,363
Motor vehicles and parts 30,084] 30,313] 28,945] 29,900] 19,961} 30,582) 28,543 +48) 231,320] 221,292
Aircraft, missiles,
space vehicles, and parts. 10,203] 10,977] 10,494) 9,567] 9,692] 11,837] 8,650} +10.6] 79,039] 64,241
Shipbuilding and tanks 886 918) 931 859) 856} 1,039) 795) +81 7,058 7,154
Instruments and related produ 13,051} 13,328) 13,189 12,743] 11,959] 14,513] 12,070} +5.6} 101,607} 95,104
Search and navigation equipmer 2,640) 2,751) 2,706} 2,550) 44 2,938} 2,425 +5.2] 20,572} 19,043
Measuring and controlling devices . 3,987] 4,043] 3,999) 3,959] 3,501] 4,297) 3,664) +81 30,346] 28,489
Medical instruments and supplies . 4,067) 4,152} 4,173} 3,982) 3,828] 4,619] 3,869} +2.9] 32,196} 30,270
Photographic goods . . 1,885] 1,909} 1,860} 1,776) 1,712 2,162) 1,733) 42.5 14,900] 14,413
All other durable goods . 18,984] 19 768} 19, 428] 19,641] 18,494] 20,909] 18,945] +3.7] 151,164} 138,954
Nondurable goods industries . 149,221] 149,068] 147,628] +0.1 153,147} 143,496] 153,199] 149,016) +2.8) 1,176,279 [1,135,199
With unfilled orders .. . 36,630] 37,042 38,312] 35,416] 37,642) 37,416 +24) 286,934] 282,893
Food and kindred products 40,168} 40,251 40,797) 38,735} 40,765} 40,413 +1.0) 315,834] 307,794
Meat products . . 9,047} = 9,012) 9,382) 8,861] 9,022) 9,308 +0.8] 70,613} 69,260
Dairy products 5,048} 5,001 5,144] 4,844) 5,067] 5,159] 0.3) 39,791] 38,640
Beverages ... : 5,843} 5,880) 6,351] 6,280) 6,509] 6,213} +221 47,179) 46,166
All other foods, except fats and oils | 18,239) 18,445) 17,929] 16,837] 18,255] 17,760} +1.0] 142,207] 138,521
Tobacco products .... . 3,185} 3,180} 3,325] 3,180] 3,219} 3,119} +66] 25,163] 22,708
Textile mill products . 6,776) 6,951) 7,165} 6,220) 7,456) + 6,923, +3.5| 53,966} 51,565
Broadwoven fabrics and
other textiles ..... 4,091) 4,273] 4,283] 3,672] 4,450) 4,291 0.2} 33,213] 32,223
Paper and allied products . 13,339} 13,364] 13,641} 13,047] 13,959] 13,614) 40.2} 106,502] 108,78¢
Pulp, paper, and
paperboard mill products ...... 5,246] 5,200) 5,377) 5,157] 5,353) 5,426] 0.9) 41,994} 44,201
Paperboard containers and boxes . . 3,184) 3,233 3,267) 3,125) 3,295} 3,338) -21) 25,957} 26,605
Miscellaneous converted
paper products . 909] 4,931 4,997) 4,765] 5,311} 4,850} +3.0) 38,551] 37,977
Chemicals and alli 32,650) 32,748} 32,344] 31,112] 34,515) 31,217] +3.6] 262,498] 247,208
Havel chemi 15,890] 15,921 16,097) 15,447] 16,732] 15,581 +3.3) 128,979) 122,27:
nd toile 12,741) 12,836) 12,537) 11,931] 13,170} 12,055) +4.0| 98,917] 91,806
peboleam and and coal products . 16,129] 15,211 16,718] 15,350} 15,669} 15,620 +7.0| 122,570] 115,46¢
Rubber and plastics products 12,363] 12,508) nf 11,610] 13,106) 12,340} +2.5) 99,770} 96,78
All other nondurable goods. 24,611) 24,855 26,511] 24,242] 24,510} 25,770) +2.9) 189,976] 184,89;

¥ Preliminary. * Revised.

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