Total Durable Goods

New Orders and Shipments
Three Month Moving Averages

Billions of Dollars

150 150
New Orders
140 140
130 130
120 120
110 4 110
100 | L i it i i 1 i | 1 1 1 | 100
Jun Aug Oct Dec Feb Apr Jun Aug Oct Dec Feb Apr Jun
Jun. 1991 -Jun. 1983
Nondefense Capital Goods
New Orders and Shipments
Three Month Moving Averages
Billions of Dollars
45 45
New Orders
40 + Shipments | 40

25

4 1 1 1 1 i it i i 1 it 1

Lt 25

Jun Aug Oct Dec Feb Apr Jun Aug Oct Dec Feb Apr
Jun. 1991 -Jun. 1993

Jun

Note: All Charts based on seasonally
adjusted current dollars.


Table B. DURABLE GOODS MANUFACTURERS’ SHIPMENTS AND ORDERS
(Millions of doilars)

Seasonally adjusted Not seasonally adjusted"
item Monthly Percent Change Monthly Percent
change
Dec. Noy. Oct. Nov. Oct- Sept.- Dec. Nov. Dec.
1992 1992 1992 Dec. Nov. ci, 1992 1992 1991 | Dec.92/91
DURABLE GOODS
Total:
Shipments 134,228 128,720 126,425 +43 +18 +0.4 131,841 128,334 115,860 +138
New orders’... ens 134,348 123,096 125,656 49.1 2.0 +42 132,707 122,583 114,132 +163
Unfilled orders" . steer 452,383 452,263 457,887 0.0 12 0.2 450,125 449,259 485,390 73
Excluding defense :
Shipments 126,415 121,102 118,798 +44 +19 +08 121,831 120,221 105,495 +155
New orders" . . 126,756 116,476 118,242 +88 “15 +24 121,909 114,530 102,614 +188
Unfilled orders" 323,656 323,315 327,941 40.1 “14 0.2 320,345 320,267 339,941 5.8
With unfilled orders :
Shipments : vee 107,500 103,930 102,487 +34 +14 0.2 109,833 104,158 98,681 +113
New orders" vee eee 107,620 98,306 101,718 +95 34 +44 110,699 98,407 96,953 414.2
Primary metals :
Shipments ......... see 11,309 11,309 W117 0.0 +17 -0.6 10,144 1117 9.814 43.4
New orders wee see . 12,224 11,188 10,818 49.3 +34 43.8 11,509 10,960 10,074 +142
Unfilled orders . . . cee 21,247 20,332 20,453 +45 -0.6 - 20,676 19311 21,814 5.2
Industrial machinery and equipment:
Shipments .. . see . 22,612 21,802 21,090 +34 - 24,452 21,046 21,419 +142
New orders... 2. . dave 22,415 21,516 21,038 +42 423 -10 24,015 20,849 20,625 +164
Unfilled orders»... . . oo 50,478 50,675 50,961 ~ 0.6 -( 50,11 50,556 52, 5.0
Electronic and other
electrical equipment :
Shipments ......... see 18,998 17,906 18,110 +61 pee 19,693 18,461 17,411 +131
New orders... . a vee 19,118 17,959 18,501 +65 2.9 42.1 19,524 18,383 17,554 +112
Unfilled orders... . . . oe 42,852 42,732 42,679 +03 +0.1 42,087 42,256 41,568 +12
Transportation equipment :
Shipments 200.2... 00... 36,385 34,118 32,875 46.6 43.8 35,043 34379 28,366 423.5
New orders’... . see 35,003 28,290 31,891 423.7 “3 +18.0 34,036 29,344 27,851 4222
Unfilled orders’... . cae 245,267 246,649 252,477 0.6 23 -( 245,846 246,853 273,883 10.2
CAPITAL GOODS INDUSTRIES?
Total :
Shipments . . 41,109 39,523 38,751 +4.0 +2.0 - 48,195 39,201 4. +113.
New orders’... . 39,867 33,424 543 +193 -110 +76 47,598 34,17: 41,679 +142
Unfilled orders" 346,310 347,552 353,651 0.4 -1L7 03 346,964 347,561 381 -9.0
Nondefense :
Shipments _ eee 33,296 31,905 31,124 +44 42.5 0.7 38,185 31,088 32,921 +
New orders" . cee 32,275 26,804 30,129 +204 -110 +11 36,800 26,121 30,161 +22.0
Unfilled orders"... . oe 217,583 218,604 223,705 05 23 04 184 218,569 235,732 ~
Excluding aircraft and parts :
Shipments . . see 26,956 25,631 25,241 45.2 +15 30,221 24,937 25,964 +164
New orders . 27,048 25,135 25,171 +76 0.1 Ld 29,949 4,575 24,934 +20,1
Unfilled orders. 70,659 70,567 71,063 +0.1 07 70,260 70,532 72,903 3.6
Defense :
Shipments. 7,813 7,618 7,627 4+2.6 0.1 S.1 10,010 8,113 10,365 3.4
New orders . 7,592 6,620 7414 +14.7 10.7 +45.5 10,798 8,053 11,518 6.3
Unfilled orders . 128,727 128,948 129,946 0.2 08 0.2 129,780 128,992 145,449 10.8

(NA) Not available. * Revised,

"Shipments and new orders are the totals for the period and are adjusted for trading-day and calendat-month variations; unfilled orders ate as ofthe end of the period and are not adjusted for trading-day or calendar-momh variations

* Based on advance sample,

? The Capital Goods Industries include Nondefense : ordnance and accessories, steam engines and turbines, internal combustion engines, construction mining and material handling equipment, metalworking machinery, special industry
‘machinery, general inustrial machinery, computer and office equipment, refrigeration, heating and service industry machinery, electrical wansmission and distribution equipment, electrical industrial apparatus, communication equipment,

complete aircraft, missiles, and space vehicles, aircraft missiles, and space vehicle engines and parts, ships and tank components, railroad equipment, and search and navigation equipment
Defense capital goods include ; ordnance, communication equipment, aircraft, missiles, space vehicles, and parts, ships, tanks and tank components, search and navigation equipment


=

UNITED STATES DEPARTMENT OF ECONOMICS

COMMERCE | «ts.

NEWS a
i = WASHINGTON, D.C. 20230 CENSUS

Bureau of the Census For Release 8:30 A.M. EDT
Steve Andrews or Kathy Menth July 28, 1993
(301) 763-2502 or (301) 763-2575 CB93-141
M3-1(93)-6

ADVANCE REPORT ON DURABLE GOODS MANUFACTURERS’ SHIPMENTS AND ORDERS
June 1993
(All figures in text below are in seasonally adjusted current dollars)

New Orders

New orders for manufactured durable goods in June increased $4.8 billion or 3.8 percent to $131.6 billion, the
Department of Commerce, Bureau of the Census reported today. This follows a 2.4 percent decrease in May and is the first
increase since February. Year to date, new orders for 1993 are 7.9 percent above the same period a year ago.

Transportation equipment had the largest increase, up $4.6 billion or 15.1 percent to $35.1 billion, primarily due to
aircraft and parts. This follows three consecutive monthly declines. Electronic and other electrical equipment was up $0.6
billion or 3.3 percent to $18.8 billion, primarily due to electronic components. Stone, clay and glass products, industrial
machinery and equipment, and lumber and wood products declined.

Shipments

Shipments of durable goods in June increased $3.0 billion or 2.3 percent to $135.2 billion, following a 0.4 percent
decrease in May. All major groups increased except lumber and wood products and industrial machinery and equipment.
Transportation equipment had the largest increase, up $1.7 billion or 4.8 percent to $35.9 billion, due to motor vehicles and
parts and aircraft and parts. Electronic and other electrical equipment increased $0.6 billion or 3.3 percent to $19.4 billion.
Primary metals increased $0.4 billion or 3.5 percent to $11.6 billion. Year to date, shipments are 8.0 percent above the same
period a year ago.

Unfilled Orders

Unfilled orders for durable goods in June decreased $3.7 billion or 0.8 percent to $435.5 billion, the lowest level since
August 1988. This is the fourth consecutive monthly decline. All major groups declined. Transportation equipment was down
$0.8 billion or 0.4 percent to $230.2 billion, primarily due to aircraft and parts and shipbuilding and tanks. This is the
fourteenth consecutive monthly decline. Electronic and other electrical equipment declined $0.7 billion or 1.6 percent to $41.5
billion, primarily due to electronic components. Instruments and related products also had a large decrease.

Capital Goods Industries

Defense - New orders were up $0.4 billion or 8.1 percent to $5.9 billion, following a 20.7 percent decrease in May.
Shipments were up $0.2 billion or 2.1 percent to $7.5 billion, following a 1.7 percent decrease in May. Unfilled orders, down
seventeen of the last eighteen months, decreased $1.7 billion or 1.3 percent to $123.9 billion, the lowest level since February
1984.

Nondefense - New orders increased $3.4 billion or 11.4 percent to $33.3 billion, following a 1.9 percent decrease in
May. Shipments were up $0.7 billion or 2.1 percent to $33.3 billion, following a 1.3 percent increase in May. Unfilled orders
remained at $206.1 billion after declining in thirteen of the previous fourteen months. This is the lowest level since June 1989.
Excluding aircraft and parts, new orders increased $0.2 billion or 0.7 percent; shipments increased $0.1 billion or 0.4 percent;
and unfilled orders decreased $0.2 billion or 0.3 percent.

Please note that revisions in data reported for new orders and unfilled orders for October 1992 through March 1993
appear in Tables A and B.

‘This report presents advance information on two key business indicators: durable goods manufacturers’ shipments and orders. Revised and more detailed
estimates plus nondurable goods and inventory data will be published August 5, 1993. The advance report on durable goods for July is scheduled for August
25, 1993. This report is available on 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. Further information about accessing CENDATA can be obtained from Dialog
Information Services, Inc. (1-800-334-2564) and CompuServe (1-800-848-8199). The CENDATA staff at the Bureau of the Census (301-763-2074) can provide
content information and general guidance.


Table 1. DURABLE GOODS MANUFACTURERS’

/HIPMENTS AND ORDERS

(Millions of dollars)

Seasonally adjusted Not seasonally adjusted"
Item Monthly Percent Change Monthly Percent
change
Jun May pr | Mays | Apr; | Mar- Jung May June
1993? 1993" (983 | Jame? ay’ | Apr. 1993 1993" 1992 | June93/92
DURABLE GOODS
Total :
Shipments. 135,243 | 132,250 | 132,763 | +23 148,402 | 134,845 | 138,168 +74
New orders 131502 | 126,758 | 129/838 | +38 141997 | 1281679 | 133/979 +60
Unfilled orders 4351542 | 439,193 | 444,685 -08 435,306 | 441,711 | 473,706 8.1
Excluding defense :
Shipments 127,705 | 124,865 | 125,254] +23 03 2. 140,393 | 127,656 | 129,665 +83
New orders: - 125-714 | 121321 | 122985 | +36 14] +04 | 136/542 | 124382 | 127/061 475
Unfilled orders 311,595 | 313,586 | 317,130 -0.6 “Ul -0.7 | 312/047 | 315/898 | 337,509 “75
With unfilled orders :
Shipments 108,381 | 105,661 | 105,836 | +2.6 02| 22] 119,164 | 105,352 ] 113,221 45.2
New orders 104:730 | 100,169 | 102911 | +4.6 27] +403 | 112:759 | 995186 | 109032 434
Primary metals :
Shipments. ns74] 1482] 11,392 | 43.5 “18 12,240} 11,409} 12,147 0.8
New orders 11045 | 10969 | 117212 | +07 2 11431 10/946 | 125145 39
Unfilled orders 22636 | 23,165 | 23378 -23 09 22912 | 23,721 | 21:708 55
Industrial machinery and equipment:
Shipments 23,066 | 23,227 | 22,911 07) +14 26,773 | 22,974 | 28,072 +68
New orders” ° 919 | 23215: 22,999 “10 | +07 26.233 | 231139 | 24'505 471
Unfilled orders’ 50/479 | 50,626 | 50,695 “03 0.1 50,264 08 51:589 -2.6
Electronic and other
électrical equipment :
Shipments 19,433 | 18,821 | 18,596 33} +12] 09] 20878] 18435] 18,337] 413.9
New orders 18,768 | 18,172 | 18/862 | +33 37] +55 | 19;422 | 17817 | 18/027 477
Unfilled orders: | 41482 | 42,147 | 42796 -1%6 U5] +06] 41,440 | 42/896 | 42/051 U5
‘Transportation equipment :
Shipments. 3.915 | 34.256] 35,180 | +48 26] 30] 39,324] 36,798] 35,818 +98
New orders": 35,066 | 30.474 | 31;798 | 415.1 42] -13 | 37834 | 32169 | 33.622 | +125
Unfilled orders!) ! 152 | 231001 | 2347783 “04 16] -14 | 229810 | 2317300 | 264,891 -132
CAPITAL GOODS INDUSTRIES*
Total
Shipments 40,859 | 40,034 | 39,744 | 42.1 40.7 23. 46,532 | 38,919 | 45,427 42.4
New orders 39161 | 35320 | _37:306 | +10.9 ~33| +21] 43463 | 33,446] 41584 +45
Unfilled orders : 330,093 | 331.791 | 336,505 05 “14 0.7 | 329119 | 332;188 | 367:811 -105
Nondefense :
Shipments 33,321 | 32.649 | 32,235 | 42.1 33: 38,523 | 31,730 | 36,924 +43
New orders "| | 33,283 | 29/883 | 30.453 | +114 +46 | 38008 | 291149 | 34,666 496
Unfilled orde 206146 | 206,184 | 208,950 0.0 -0.8 | 205860 | 206,375 | 231,614 LL
Excluding aircraft and parts:
Shipments 37132 | 27031 | 26,706] +04] 12 3 31,319 | 26,267 214 472
New orders | 26,889 709 | 27445 | +0.7 271 +04] 30'599 | 261130] 28/586 470
Unfilled orders shia | F038a | 31708 03 04] 41 70,855 | 71,575 514 23
Defense :
Shipments 7,538 7,385 7,509 | +2.1 3 8,009 7,189 8,503 58
New orders” | 51878 5.437 6853 | +81 “75 9,455 4,297 6.918 211
Unfilled orders 123,947 | 125.607 | 127°555 “13 205 | 123.259 | 1257813 | 136,197 “95

(NA) Not available. * Revised

" Shipments and new orders are the totals for the perind and are adjusted for trading-day and calendar-month variations; unfilled orders are as of the end of the period and are not adjusted for trading-day or calendar-month variations.

* Based on advance sample,
The Capital Goods Industries include Nondefense

complete airraft,
Defense capital goods include

fordoance and accessories,
‘machinery, general industrial machinery, computer and office equipment, refrigeration, heating and service industry machinery, electrical Wansmission and distribution equipment, electrical industrial appa
‘missiles, and space vehicles, aireraft missiles, and space vehicle engines and pars, ships and tank components, railroad equipment, and search and navigation

‘ordnance, communication equipment, aircraft, missiles, space vehicles, and parts, ships, tanks and tank components, search and navigation equipment

squipment.

team engines and turbines, ineenal combustion engines, construction mining and material handling equipment, metalworking machinery, special industry
communication equipment,

Table 2. AVERAGE REVISIONS TO PREVIOUSLY PUBLISHED MONTHLY PERCENT CHANGES
(Based on seasonally adjusted data)

4 Shipments New Orders Unfilled Orders

Industry Year ago Tune | June 1992- | Year ago Tune | June 1992-| Year ago Tune [June 1992-

June 1992 | 1988-1992 | May 1993 | June 1992 | 1988-1992 | May 1993| June 1992] 1988-1992 | May 1993

Durable goods . . 03 02 03 06 06 04 Ol o1 Ol

Primary metals 03 08 03 07 10 1.0 02 03 04

Industrial machinery’ and equipment 08 ia 08 19 19 09 02 04 02
Electronic and other

electrical equipment o. 05 0s 0. 13 os ou 02 ot

‘Transportation equipment 00 oa 08 02 09 13 0.0 02 01

Nondefense capital goods . 07 os 08 12 21 13 o1 04 02

Defense capital goods o1 Ll 10 27 49 36 O41 02 02

Note: The revisions are the differences between the month-to-month percent changes of the advance and final estimates. The monthly averages are the simple averages of the differences,

for the months specified.

without regard to sign,


3
Table A, DURABLE GOODS MANUFACTURERS’ SHIPMENTS AND ORDERS
(Millions of dollars)
Seasonally adjusted Not seasonally adjusted

Item Monthly Percent Change Monthly Percent
change

Mar. Feb. Jan. Feb.- Jan.- Dec.- Mar, Feb. Mar.
1993 1993 1993 Mar. Feb. Jan. 1993 1993 1992 | Mar.93/92

DURABLE GOODS
Total :

Shipments 135,537 134,133 130,805 +10 42.5 2.6 144,499 132,542 132,123 +9.4
New orders" 129,903 134,533 131,266 34 +2.5 2.3 139,127 134,067 130,088 +6.9
Unfilled orders" 447,610 453,244 452,844 12 +0.1 +0.1 450,224 455,596 482,227 6.6

Excluding defense :

Shipments 127,785 | 126377 | 123,213. | +1. 426] -25 | 136,435 | 125,177 | 123,602 | +104
New orders" 122'492 | 128172 | 122/454 44) 44.7 23:4 | 130,819 | 1287565 | 122/488 +68
Unfilled orders* 319,399 | 324,692 | 322'897 =16 | +06] -02 | 320,565 | 326,181 | 340,332 “58
With unfilled orders :
Shipments. 108,197 | 106227 | 104,136] +19] +420] -31] 115,538 | 103,863 | 108,079 +69
New orders 102563 | 106,627 | 104:597 38 | +19}  -28 | 110,166 | 105,388 | 106,044 439
Primary metals :
Shipments ..2.. 0.2.0.0... 11680 | 11,633} 11425] +04] +18] +10] 12,053] 11,700 | 11,605 3
New orders nt ‘} 1201s | 12405 | 12/629 31 -18] +33] 12779 | 12’930 | 11.734 489
Unfilled orders PLIELTLI] a3ssa | 237223 | a2asr | tra | asia] 457 | 2460 | 230734 | 225122 | +10.

Ingustrial machinery and equipment:
Shipments

orders.
Untied orders .

Electronic and other
electrical equipment :

Shipments . --f 18,756 | 18,431 17614] +18] +46 19,793 | 18,137 17,927] +104
New orders, « pectic 17881 17,886 | 18,712 0.0 “44 21 18399 | 18,328 | 17,360 +6.0
Unfilled orders’: 42530 | 43,405 | 43,950 20 “12 42;640 | 44,034 | 42,055 +14

‘Transportation equipment :

Shipments . . 36,264 | 35,987 | 35,264 | +08] 421 31 | 38,785 | 36,668} 34,998 | +108
New orders" 321225 | 35'552 | _ 32636 94 | +89 68 | 35577 | 35832 | 34,634 $2.7
Unfilled orders* 238,165 | 242,204 | 242,639 17 + =1:1 | 239322 | 242/530 | 269/048 -110
CAPITAL GOODS INDUSTRIES?

Total :

41,264 | 39,793 | 39409] 43.7] +10 -4.1 | 45,708 | 37,970 | 43,535 +50
36533 | 39,109 | _ 37.457 66] +44 6.0 | 40970 | 37,028 | 42.373 33
338,943 | 343,674 | 344358 “14 02 *0.6 | 340,502 | 345/240 | 376,670 9.
Nondefense :
Shipments 33,512 | 32037 | 31817] +46] +0.7 4] 37,644] 30,605 | 35,014
New orders" : ‘] 292122 | 32'748 | 28645 | -iLD | +143] -11.2 | 32,662 | 31'526 | 34,773 -6.1
Unfilled orders’): 2. 2. | 210;732 | 215;122 | 2taaii 20 | +03 ‘S| 2103843 | 215;825 | 234,775 -10.2
Excluding aircraft and parts :
Shipments « 27,770 | 26,588 | 26,073 33] $reL| 35309} 27384 | +130
{27338 | 27/071 | 26330] +Lo] +28 “27 | 30,167 3092 | 26,610 | +13.4
Dated Grass” ‘| 70967 | 71399} 70,916 0.6 04] 71078 * 102 | 73,720 36
Defense :
Shipments. 5 1,756 7,592 -0.1 422 28 8,064 7,365 8,521 34
New orders Tall 6361 8812 | +165] -278] +161 8/308 57502 77600 +93
Unfilled orders’: 128,211 | 128/352 | 129/947 03 “11 ] +09 | 129,659 | 129/415 | 141,895 86

(NA) Not available." Revised,

" Shipments andl new orders are the totals for the period and are adjusted for wading-day and calendar-monh variations; unfilled orders are as ofthe end ofthe petiod and are not adjusted for trading-day or calendar-month variations.

* Based on advance sample

>The Capital Goods Industries include Nondefense : ordnance and accessories, steam engines and turbines, internal combustion engines, construction mining and material handling equipment, metalworking machinery, special industry
machinery, general industrial machinery, computer and office equipment, refigeration, heating and service industry machinery, electrical wansmission and distnbution equipment, electrical industrial apparatus, communication equipment,
complete aiteraft, missiles, and space vehicles, aircraft missiles, and space vehicle engines and pans, ships and tank components, railroad equipment, and search and navigation equipment.

Defense capital goods include : ordnance, communication equipment, aireraft, missiles, space vehicles, and parts, ships, tanks and tank components, search and navigation equipment.