Table 4. VALUE OF MANUFACTURERS’ INVENTORIES FOR INDUSTRY GROUPS
(Millions of dollars)

Seasonally adjusted Not seasonally adjusted
Industry Monthly Percent Change Monthly Percent
change
July June May} June-} May-| —Apr.- July June May July} July

1997? 1997" 1997 July June May 1997? 1997" 1997 1996 97196

All manufacturing industries ..... | 446,962] 444,823) 443,460| 405] +03] 404 448,651) 442,780] 447,620] 431,983] 43.9

Manufacturing industries
with unfilled orders
without defense capital goods

297,273 | 295,299] 294,347 +0.7 +03 +04} 300,216] 295,050] 298,467 288,321 +41
430,935] 428,890| 427,309 +0.5 +04 40.5] 432,193] 426,657] 431,223] 41 4,521 +43

281,075 | 279,166} 278,084 +0.7 40.4 +0.4{ 282,708] 277,739] 281,375 270,828 +44
258,065 | 256,084} 255,054 +08 +04 40.4] 260,241] 255,462] 258,489 248,183 +49
8,702 8,774 8,749 -0.8 +03 +0.8 8,781 8,897 8,993 8,468 43.7
24,767 24,749 24,694 +01 +0.2 40.1 24,878 24,627 24,697 24,250 42.6
oo 12,039 12,126 12,223 0.7 0.8 +03 12,027 11,903 12,078 11,720 42.6
tees 1,654 1,668 1,679 0.8 0.7 +0.1 1,644 1,701 1,726 1,617 +17

Durable goods industries .
With unfilled orders... || ||

Stone, clay, and glass products .

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

metals vrvses fT 11074] 10,955) 10,792) +14] 415 0.0) 11,207] 11,023] 10,893] 10,913] 42.7
Fabricated metal products ‘| 28572) 28.495) 28,289 403! 40.7 402] 28859) 28858] 28'663| 27512| 449
Industrial machinery and equipment . | 60,167] 9°767| 39635 4071 102 +04) 60,298} 59,000] 60,721] 59'372] +12

Engines and turbines... 2... 3646] 3,624 3,641] 40.6] 05] 13] 3,715] 3/556] 3'661 3,723] 02
Farm and garden machinery... . 3319) 3,285) 3,231) +10) +17] 18] 3.083 120] 3133] gis] 9s
Construction, mining and

material handling equipment 7,877 7,762 7,645 +15 +15 +03 7,790 7,787 1701 7318 +64

Metalworking machinery ....... 7341 7326) 7.431) 40.2) 0-14-07! 71503] 7290] 7550] 7324] 424
Computer and office equipment . . . 12.041) T1891) 11,950) 413) 05} +10] 12330] taza] aziaza] 131171 64

Electronic and other
electrical equipment
Electrical transmission

distribution equipment and
industrial apparatus . .
Household appliances .
Electric lighting and
wiring equipment... 0.0... 2. 3376) 3,355} 3,366} 40.6 03) +06} 3,460] 3,400] 3,461 3340) +36

Household audio and

40,362 39,712 39,690 +16 +0.1 +04 40,942 39,622 40,413 39,741 +3.0

5,316 5,316 5,315 0.0 0.0 +10 5,349 5,269 5,355 5,081 +53
2,871 2,804 2,785 42.4 +0.7 40.1 2,831 2,841 3,004 2,669 +6.1

video equipment . tates 1,654 1,496 1,528] +106 2 -1.0 1,767 1,547 1,568 1,791 13
Communications equipment 11,019) 10,609} 10,525} +39) 408] 4121 111059] 10449] 10'8s8| 9961| silo
Electronic components . 12,574} 12.638) 12,702} 05} = 05-06] 12,800] 12555] 12,642] 3404] a's

Transportation equipment .
Motor vehicles and parts |
Aircraft, missiles,

space Vehicles, and parts. .

66,854 66,398 66,107 +07 +04 +0.6 67,124 65,575 66,672 61,582 +9.0
17,047 16,950 17,339 +0.6 22 +14 17,052 16,348 17,282 16,732 +19

45,055 44,739 44,044 +07 +16 +03 45,341 44,622 44,637 40,060 +132

Shipbuilding and tanks . . 1,590 1,615 1,577 “15 424 6.5 1,590 1,596 1,601 1,672 49
Instruments and related products . 25,002} 24,874] 24,690) +05] +07 0.0] 25,290] 24,983} 24,890] 24557] +3.0
Search and navigation equipment. $322} 6257) 6219) +10) +06] 405] 6449] 6276| 6263 6003 338
Measuring and controlling devices . 7,908] 7,905] 7,759 00f +197 +402] 8003] 7951 7,786] 7,691] +41

Medical instruments and supplies . 7,835 1,775 7,763 40.8 40.2 0.6 7,859 7,795 7,824 7,493 +49
Photographic goods .. . . an 2,287 2,292 2,309 0.2 0.7 -0.7 2,324 2,307 2,366 2,670} — -13.0
All other durable goods 26,649] 26,397] 26,230 +10 40.6 10.6] 26,536] 26,177] 26,326] 25,146 45.5

165,887 | 165,657} 165,376 40.1 +02 +05) 165,943] 165,041] 166,245] 161,155 +3.0
39,208 39,215 39,293 0.0 0.2 +0.4 39,975 39,588 39,978 40,138 0.4
35,138 35,198 35,060 0.2 +04 404 34,052 33,615 33,766 33,483 +17

Nondurable goods industries .
With unfilled orders . . .
Food and kindred products

Meat products . 3,866 3,856 3,841 +03 +04 413 3,866 3,903 3,923 3,721 43.9
Dairy products . 3,148 3,233 3,235 -2.6 0.1 0.0 3,296 3,305 3,250 3,244 +16
Beverages .. 6,677 6,660 6,691 +03 0.5 +04 6,550 6,595 6,691 6,462 +14

All other foods, except fats and oils 19,631) 19,539] 19,388) +05] +08] +04] 18649] 17996] ig024] igi43| 428
Tobacco products betes 6,251 6,201 6238] +408] 06 00) 5,695) 5,718] 5,957] 5,279] +79
Textile mill products . 10,240] 10,217] 10,155] +02] +06 0.0] 10,383} 10,296] 10,488] 10,095] +2.9
Broadwoven fabrics ani
other textiles
Paper and allied products
Pulp, paper, and

6,369 6,360 6,327 +01 +0.5 +0.1 6,445 6,368 6,488 6,346 +16
15,828 15,822 15,948 0.0 08 0.1 15,763 15,760 16,200 16,455, 42

Paperboard mill products ..... 6,558 6,557 6,590 0.0 0.5 40.1 6,479 6,470 6,668 6,886 59
Paperboard containers and boxes . . 3831) 3,802} 3,804) +08] = -24] = 08] 3,823] 3:778] ~3'o34] son] 33
Miscellaneous converted

Paper products ........ $439] 5,463] 5,464] -0.4 00) +02) 5,461 5512] 5,598] 5,657] «3.5

Chemicals and allied products
Industrial chemicals
Drugs, soaps, and toiletries
Petroleum and coal products .
Rubber and plastics products
All other nondurable goods .

42,578 42,361 42,045 +0.5 40.8 +0.1 42,712 42,404 42,577 40,285 +6.0
19,539 19,593 19,510 03 +04 +04 19,539 19,468 19,483 18,840 $3.7
17,783 17,538 17,414 +14 +0.7 03 18,121 17,860 17,957 16,604 49.1
12,202 12,356 12,621 12 “2.1 +18 12,410 12,654 13,025 12,209 +16
16,295 16,248 16,231 +03 +0.1 +12 16,288 16,254 16,415 15,296 +6.5
27,355 27,254 27,078 +04 +0.6 +11 28,640 28,340 27,817 28,053 +21

® Preliminary. * Revised.
See note at end of table 2 relating ta cnrvew arene and canicinn


10

Total Manufacturing
New Orders and Shipments
Three Month Moving Averages

Billions of Dollars

360

340

320

300

New Orders

ee Shipments |]

360

340

280 - ------- 7-2 eee eee ee eee eee eee ee eee 4 280
260 1 L L L L 1 i 1 i L i L 1 260
Jul Sep Nov Jan Mar May Jul Sep Nov Jan Mar May Jul
Jul. 1995 - Jul. 1997
Total Manufacturing
Ratio of Unfilled Orders and
Inventories to Shipments
V/S Ratios UO/S Ratios
2.5 3.9
2.4 3.8
2.3 3.7
2.2 3.6
2.1 3.5
2 3.4
1.9
1.8
1.7
1.6
1.5
1.4

1.3
1.2

1 n n 1 n n n 1 n L 1 n n

Jul Sep Nov Jan Mar May Jul Sep Nov Jan Mar May — Jul
Jul. 1995 - Jul. 1997

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 Percer
chang:
July June May | June- | May- | Apr- July June May July | July
1997" 1997" 1997 | July | June | May | 1997" 1997" 1997 1996 | 97/96
UNFILLED ORDERS
All manufacturing industries $21,352 | 523,928 | 522,689 0.5 +02 +0.1 | 523,006 | 523,505 | 526,202 | $07,940 43.0
Market categories :
Automotive equipment . . . 2.410 | 2,410 | 2,405 00} +02] +01 2419 | 2,347 | 2376 | 2,271 +65
Home goods and apparel 8,739 8,506 8,321 42.7 42.2 43.9 9,532 8,993 8,822 9,689 “16
Consumer staples 2450 | 2372 | 2,248 | 433] +551 +409} 2719} 2364] 2129] 2414] +126
Machinery and equipment . . 232,221 | 232,712 | 232,296 02} 40.2 | -04 | 232,364 | 232,431 | 233,006 | 226,827 42.4
Business supplies 7,150 | 7,050 | 6,963 | +14] +12] 416] 7377] 7147 | 71193 6,861 475
Construction materi
and supplies. 17,259 | 16,967 | 16,817 +17 +09 +0.1 17,480 | 17,080 | 16,946 | 16,072 48.8
Defense products . 102,863 } 103,308 | 103,632 04] 03 -0.7 | 102,351 | 103,989 | 104,732 | 103,926 “15
Other materials, supplies and
and intermediate products . . . 148,260 | 150,603 }| 150,007 16 +04 +11 | 148,764 | 149,154 | 150,998 | 139,880 +64
Durable goods industries :
Nondefense capital goods * . . 251,285 | 252,184 | 251,746 04 +0.2 0.5 | 250,879 | 251,508 | 251,995 | 244,608 42.6
Excluding aircraft and parts. 98,873 | 97,453 | 97,941 +15 0.5 02 | 98,467 | 96,777 | 98,190 | 96,642 +19
Defense capital goods* ..... 107,509 | 108,026 | 108,417 0.5 04 -0.7 | 106,982 | 108,739 } 109,568 | 108,792 17
Durables excluding capital goods 136,273 | 137,901 | 137,051 12 +0.6 +2.0 | 137,648 | 136,715 | 138,479 | 129,087 +6.6
Miscellaneous series :
Producers’ durable equipment . 269,931 | 269,948 | 269,474 0.0 +02 0.3 | 270,527 | 269,013 | 270,148 | 263,270 42.8
Household durable goods ....... 6,110 5,915 5,686 433 +4.0 45.4 6,561 046 5,888 6,033 48.8
Information technology industries. 39,188 | 37,928 | 37,508 433 +11 40.2 | 39,319 | 37,894 | 37,761 37,258 $5.5
Health care equipment
and products . 7,804 | 7,887 | 8,086 “ld 25] +03 | 7,768 | 7,653 8,048 7,738 404
TOTAL INVENTORIES
All manufacturing industries 446,962 | 444,823 | 443,460 +05 +03 +0.4 | 448,651 | 442,780 | 447,620 | 431,983 43.9
Market categories :
Automotive equipment . . . 8,405 8,402 | 8,472 00} 08} +18} 8370] 8128] 8538] 8311 40.7
Home goods and apparel 32,763 | 32,273 | 31,914] +15] +11] +407 | 33,651 | 33.271 | 33,075 | 31.830 45.7
Consumer staples... . . 69,097 | 68,912 | 68,871 | +03] +01 | +04] 68,199 | 67,677 | 68342 | 65°17 +41
Machinery and equipment . 113,261 } 112,218 | 111,159 | 40.9} 41.0 | +05 | 113,466 | 111,056 | 113,084 | 105,628 474
Business supplies 26,595 | 26,560 | 26,501 | +0.1} +02] +09 | 27,003 | 26,702 | 26,870 | 26.265 42.8
Construction materials
and supplies : sss} 27,468 | 27,388 | 27,233 | +03 | +06 | +05 | 27,643 | 27,546 | 27,541 | 26,541 +42
Defense products . . . 15,741 | 15,649 | 15,881 | +06] -15 -11 | 16,100 | 15,804 | 16,101 | 16,879 46
Other materials, supplies and
and intermediate products . . . 153,632 | 153,421 | 153,429 | +0.1 0.0 | +03 | 154,219 | 152,596 | 154,069 | 151,012 42.1
Durable goods industries :
Nondefense capital goods * 107,286 | 106,207 | 105,149 +10] 41.0 | +06 | 107,759 | 105,154 | 107,182 | 99,664 +8.1
Excluding aircraft and parts 72,091 | 71,271 | 71,085 +12] +03 +0.5 | 72,633 | 70,533 | 72,756 | 71,142 42.1
Defense capital goods‘ ........ | 16027 | 15.933 | 16151 | +06] -13 -11 | 16458 | 16,123 | 16,397 | 17,462 “7
Durables excluding capital goods 157,762 | 157,026 | 156,784 40.5 +0.2 +0.4 | 158,491 | 156,462 | 157,796 | 153,702 43.1
Miscellaneous series :
Producers’ durable equipment 183,434 | 181,742 | 180,613 40.9 +0.6 +0.7 | 184,170 | 180,463 | 183,192 | 173,025 +6.4
Household durable goods .. . 16,482 | 16,110 | 15,962 423 40.9 +0.6 | 16,725 | 16,331 16,416 | 15,375 48.8
Information technology industries . 35,354 | 34,832 | 34,572 415 +0.8 +08 | 35,861 34,255 | 35,524 | 35,551 +09
Health care equipment
and products ............ 17,480 | 17,289 | 17,213 | +11] +04] -04 | 17,686 | 17,480 | 17,565 | 16,505 +72

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
July} June} May | June-| May-| Apr-] July] June] May | July | July
1997°| 1997"] 1997] July] June] May] 19977} 1997"] 1997] 1996] 97/96 | 1997" | 1996
SHIPMENTS
All manufacturing industries 332,858] 328,315] 323,567] +1.4] +1.5] 1.0] 299,735] 350,833] 325,261] 280,761] — +6.8| 2,248,559 2,124,000
Market categories :
Automotive equipment . . 15,009) 14,305] 13,602) +49) +5.2} 3.8] 10,018] 15,099] 14,571) 9,263) +8.2] 98,752} 95,431
Home goods and apparel 19,170] 19,089) 18,784] +04) +16] -2.3] 17,780] 20,072) 17,692] 16.919} +5.1] 127,287] 121,271
Consumer staples 69,489] 69,049] 69,120] +06] -0.1] | +1.0) 67,377] 70,747] 68,755] 65,100] +35] 472,199] 451,126
Machinery and equipment 61,886] 59,788] 58,194] 43.5] +27] -0.8) $1,351] 67,651] 57,552] 44,377] +15.7] 401,522] 367,254
Business supplies . . . . 25,498] 25,463] 25,163] +0.1] +1.2) +0.4) 24,200) 26,707] 25,248] 23,447] +32] 174,825] 167,914
Construction materials
and supplies 2.2.0.0... 0.65 21,240] 20,746] 20,597] +24] 40.7] -2.1] 20,600} 22,308} 21,126] 19,380] 6.3) 142,925] 133,157
Defense products sees 67911 7,013] 6,646] -3.2) +5. -1.5] 6,037] 7,577} 6,424] 5,507] +9.6) 45,730] 43,265,
Other materials, supplies and
and intermediate products ...... 113,775] 112,862] 111,461} +08] +1.3) — -1.8) 102,372} 120,672] 113,893] 96,768] +5.8) 785,319] 744,582
Durable goods industries :
Nondefense capital goods? . 48,183| 46,773] 45,601] +3.0] +26) -0.1] 41,352] $4,540] 43,627] 35,045] +18.0] 310,107] 280,724
Excluding aircraft and parts 40,500] 40,000] 38,533] +13] +3.8| +03) 34,651] 46,733] 36,914! 30,692] +12.9] 264,089] 246,640
Defense capital goods * : 6399] 6,662) 6,316] -3.9] +55] -1.6 5,591] 7,242] 6,094] 5,109] +9.4] 43,016] 40,628
Durables excluding capital goods . | 129,434] 127,252] 123,983] +1.7/ +26 -1.9] 109,292] 135,852] 127,118] 101,134] +8.1] 872,300] 816,465
Miscellaneous series :
Producers’ durable equipment... . | 118,523] 115,667] 112,189] +2.5|  +3.1] -1.6 95,998] 128,141] 112,917] 86,166} +11.4] 783,552] 730,258
Household durable goods .......| 9,745] 9,953] 9,553] -2.1] +42} -0.1] 8,416{ 10,522] 9,073] 7,844] +7.3) 64,317] 59,783
Information technology industries . | 22,825] 22.295] 21,369] +2.4] +4.3] +1.0] 18,743] 26,904] 19,801] 16,351] +146] 144,423} 132,128
Health care equipment
and products ............... 11,226 11,191] 11,038} +03} +14) +0.6 10,386] 11,779] 10,434] 9,731] +67] 75,282] 69,799
NEW ORDERS
All manufacturing industries... . . 330,282] 329,554] 324,042] +0.2! | +1.7]  -0.5| 299,236] 348,136] 323,870] 287,081] — +4.2}2,259,346 [2,154,906
Market categories :
Automotive equipment . . 15,010] 14,310] 13,605} +4.91  +5.2} -3.8} 10,089] 15,070] 14,507] 9,363}. +7.8/ 98,967] 95,466
Home goods and apparel 19,402] 19.274] 19,100] +0.2] +09) -0.2| 18,319] 20,243] 18,156] 16,904] +8.4] 129,313] 123,458
Consumer staples ...... 69,567| 69,173] 69,140] +0.6] 0.0, +0.9] 67,732] 70.981] 68,781] 65,525] +3.4| 472,759] 451,661
Machinery and equipment 61,396] 60,205] 57,217] 42.0] +5.2} -0.1] 51,284] 67,076] 56,772} 47,426] +8.1] 405,314] 385,750
Business supplies 25,599] 25,550] 25,276] +0.2| +11] +04) 24,430) 26,661] 25,575] 23,652] +3.3) 175,593] 168,435
Construction mate
and supplies. . 21,531] 20,896] 20,613] +3.0] +14) -3.4) 21,000] 22,442] 21,094) 19,538] +7.5] 144,277] 133,785
Defense products . 6,346] 6,690] 5,959] 5.1] +12.3] -10.8] 4,400] 6,833] 4,462) 3,494] +25.9] 40,975] 47,502
Other materials, supplies and
and intermediate products . 111,431} 113,456] 113,132] -1.8]  +0.3) — -0.1] 101,982] 118,830] 114,523] 101,179}  +0.8| 792,148] 748,849
Durable goods industries :
Nondefense capital goods * . 47,284) 47,211) 44,211] +0.2) +68) +1.1] 40,723] 54,053] 42,344] 38,625] $5.4) 311,463} 298,979
Excluding aircraft and parts 41,920] 39,512) 38,325] 46.1] 43.11 -0.6] 36,341] 45,320] 36,813] 32,245] +12.7] 268,781] 249,633,
Defense capital goods* ........|  5,882| 6,271] 5,523) -6.2] +13.5] -11.9} 3,834) 6,413} 3,942] 3,161] +21.3] 38,320) 45,118
Durables excluding capital goods . | 127,806] 128,102] 126,709] -0.2] +1.1]— -0.3) 110,225] 134,088] 129,056] 105,248] +4.7] 883,575} 822,194
Miscellaneous series :
Producers’ durable equipment . 118,506] 116,141] 111,464] +20] +4.2) -1.3] 97,512] 127,006] 112,454] 90,395] +7.9] 791,069] 749,199
Household durable goods . . 9,940] 10,182] 9,846] -2.4] 43.4) 42.5] 8,931] 10,680] 9,491] 7,908] +12.9) 66,078] 60,856
Information technology industries . | 24,085} 22,715] 21,443] +6.0] +5.9] +22] 20,168] 27,037] 20,372] 17,140] +17.7] 148,652] 132,878
Health care equipment
and products. ............... 11,143[ 10,992 11,067] +14] -0.7] -2.0 10,502] 11,384] 10,551] 10,134] +36} 75,595] 70,193

° 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 ma

handling equipment; meialworking machinery; special industry

machinery; general industrial machinery; computer and office equipment; refrigeration, heating and se

industry machinery; electrical transmission and distribution equipment; electrical industrial apparatus; communications equipment; aircraft, missiles, space vehicles, and en
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,

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 July June May r. July June May Apr.
1997" 1997" 197 re 197° 1997" 1997 1997
All manufacturing industries... . 134 135 137 135 2.80 2.84 2.89 2.86
Durable goods industries 1.53 1.35 1.58 155 331 3.36 3.44 3.40
Stone, clay, and glass products 112 117 116 114 091 097 0.95 0.95
Primary metals... . 159 1.60 1.63 1.60 2.04 2.01 2.03 197
Fabricated metal products. _ 131 151 152 149 147 146 147 143
Industrial machinery and equipment 172 174 1:30 178 223 2.26 2.38 237
Electronic and other

electrical equipment .. . 138 134 138 139 1.75 1.84 1.88 1.82
Transportation equipment . . : 131 137 161 135 10.79 way 1129 11.08
Instruments and related products - 1.86 1:39 1.95 19 3.64 3.58 372 3.65
Nondurable goods industries . ran 1.12 112 1 0.72 0.71 0.71 071
Food and kindred products . 0.87 0.88 0.87 0.87 (X) (x) (x) (x)
Tobacco products. . 196 1.94 195 204 &) &) &) &
Textile mill products 148 152 150 148 (NA) (NA) (NA) (NA)
Paper and allied products . . 119 119 121 118 (NA) (NA) (NA) (NA)
Chemicals and allied products 130 1.29 1.28 1.27 (x) (xX) (xX) (X)

Petroleum and coal products 0.81 0.82 0.84 0.83 (Xx) (x) (Xx) ¢
Rubber and plastics products 130 132 133 1.26 &) (x) re) ()

” 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 transpo wwipment; foods and related products; tobacco; knitting mill products; apparel and related products; chemical
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
Jul Jul July duly
July? | 199 July? | 1996- July? | 1996- July? | 1996-
July! ] 1992.) June | July! | 1992-] June J July! | 1992-] June | July! | 1992- | June
1997| 1996 | 1997] _1997| 1996 | _1997| 1997] 1996 | 1997] 1997| 1996 | _1997
All manufacturing industries .... .. ) On 02 ~ 02 02 ® 0.1 01 ee) 0.0 0.0
Durable goods industries 0.1 03 02 03 03 03 0.0 0.0 0.1 ree) 0.1 0.1
Stone, clay, and glass products . «) 0.6 05 ® 13 09 (x) 07 07 (X) 02 0.2
Primary metals... . . 0.0 02 02 02 07 08 0.2 03 03 (x) 02 0.0
Fabricated metal products | @ 03 03 ®% 03 06 (00) 02 04 ie) 01 oO.
Industrial machinery and equipment . 08 0.5 07 0.2 0.7 0.2 01 0.2 &) 0.1 01
Electronic and other

electrical equipment .. . 02 04 05 05 06 Lt 01 02 06 (x) 01 0.1
Transportation equipment . 0.0 06 04 0.0 06 rm 0.0 0.1 02 ® 03 Ol
Instruments and related pro rea) 03 05 &® 0.6 Lt (X) 01 02 (e9) 02 02
Nondurable goods industries &) 01 0.1 rea) 0.1 01 ree) 02 02 es) 0.1 0.1
Food and kindred products (xX) 02 03 (X) (x) () (X) (X) (X) ) 0.0 02
Tobacco products . (X) 0.0 0.1 (x) (x) (xX) (X) (xX) (x) & 0.0 0.0
Textile mill products . . (x) 06 03 x) | (NA) | (NA) (x) | NA) | (NA) &) 02 02
Paper and allied products &) 02 04 x) | (NA) | (NA) | ay] wa) ® 04 O41
Chemicals and allied produc (X) 04 02 X) &) () (xX) (xX) (xX) (o4) 02 01
Petroleum and coal products (X) 0.2 0.2 oS &) & 100) ie.4) &) ® 0.2 04
Rubber and plastics products &) 0.2 04 (e9) &) &) &® & & reg 0.2 01

Capital goods industries :
‘ondefense 07 02 04 08 06 06}  -0.1 01 01 fe) 04 0.1
Defense ... 0.0 05 0.6 04 25 37 02 02 &) 04 02

(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 Prctiminary 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 tt
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.
? Averave for this month for the lact five vearc


CURRENT INDUSTRIAL REPORTS

ews
a

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

Manufacturers’ Shipments

inventories, and Orders

July 1997
M3-1-(97)-0"
For Wire Transmissions 10:00 a.m. E.D.T. September 4, 199

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 July increased $0.7 billion or 0.2
percent to $330.3 billion, the Department of Commerce, Bureau of the
Census reported today. This follows a 1.7 percent June increase and is the
third increase in the last four months. Excluding transportation, new orders
increased 0.8 percent, following a 0.7 percent June increase. Year to date,
new orders are 4.9 percent above the same period a year ago

Shipments, up three of the last four months, increased $4.5 billion or
14 percent to $332.9 billion, following a 1.5 percent June increase. Year
to date, shipments are 5.8 percent above the same period a year ago.

Unfilled orders, down for the first month since April, decreased $2.6
billion or 0.5 percent to $521.4 billion, following a 0.2 percent June
increase. The unfilled orders-to-shipments ratio was 2.80, down from 2.84
in June.

Inventories, up twelve of the last thirteen months, increased $2.1 billion
or 0.5 percent to $447.0 billion, following a 0.3 percent June increase. The
inventories-to-shipments ratio was 1.34, down from 1.35 in June.

New Orders.

New orders for manufactured durable goods in July decreased $0.6
billion or 0.3 percent to $181.0 billion, revised from the previously published
0.6 percent decrease. This follows a 2.9 percent June increase and is the
second decrease in the last three months.

Electronic and other electrical equipment, down four of the last five
months, had the largest decrease, $5.9 billion or 13.1 percent to $26.1
billion, ‘due to electronic components and communication equipment. This
follows a 2.6 percent June decrease. Transportation equipment, down two
of the last three months, decreased $1.5 billion or 3.5 percent to $41.4
billion; declines, led by aircraft and parts, more than offset an increase in
motor ‘vehicles ‘and parts. This follows an 8.8 percent June increase.
Industrial machinery and equipment increased $2.2 billion or 6.6 percent to
$35.3 billion. This follows a 1.1 percent June increase. Instruments and
related products, up three of the last four months, increased $1.6 billion or
12.3 percent to $15.0 billion, following a 7.4 percent June increase. Primary
metals, up eight of the last nine months, increased $0.6 billion or 3.7 percent
to $16.3 billion, following a 1.1 percent June increase.

New orders for nondurable goods, up three of the last four months,
increased $1.3 billion or 0.9 percent to $149.3 billion, following a 0.3
percent June increase. Food and kindred products, textile mill products, and
rubber and plastic products had the largest increases.

Shipments

Shipments of durable goods in July, up six of the last seven, months
increased $3.3 billion or 1.8 percent to $184.0 billion, revised from the
previously published 1.7 percent increase. This follows'a 2.7 percent June
increase.

Transportation equipment, up six of the last seven months, had the
largest increase, $1.8 billion or 4.1 percent to $44.2 billion, due to motor
vehicles and parts and aircraft and parts. Industrial machinery and
equipment, up five of the last six months, increased $0.8 billion or 2.2
percent to $35.0 billion, following a 3.7 percent June increase. Stone, clay,

and glass products, up for the first month since April, increased $0.3 billion
or 3.5 percent to $7.8 billion. This follows a 0.7 percent June decrease
Instruments and related products, up three of the last four months, increase
$0.2 billion or 1.7 percent to $13.4 billion, following a 4.3 percent Jun
increase. Primary metals, up three of the last four months, increased $0.:
billion or 1.0 percent to $15.6 billion, following a 1.7 percent June increase
Electronic and other electrical equipment, down following two consecutive
increases, decreased $0.3 billion or 1.0 percent to $29.3 billion, Thi
follows a 2.9 percent June increase.

Shipments of nondurable goods, up for the first month since April,
increased $1.2 billion or 0.8 percent to $148.8 billion. This follows a sligh
June decrease. Food and kindred products, up four of the last five months
had the largest increase, $0.4 billion or 1.1 percent to $40.5 billion. Thi
follows a 0.4 percent June decline. Rubber and plastic, up three of the las
four months, increased $0.3 billion or 2.1 percent to $12.5 billion, followin,
a 0.8 percent June increase.

Unfilled Orders

Unfilled orders for durable goods in July decreased $3.0 billion or 0.
percent to $495.1 billion, unrevised from the previously published 0.
percent decrease. This follows a 0.2 percent June increase and is the firs
decline since April,

Electronic and other electrical equipment had the largest decrease, $3.2
billion or 5.8 percent to $51.3 billion, following increases of 0.9 percent anc
4.1 percent in June and May respectively. ‘Transportation equipmen
decreased §2.8 billion or 1.1 percent to $249.1 billion, mostly due to aircraf
and parts. This follows a 0.2 percent June increase and is the fifth decreas«
in the last six months. Instruments and related products, up cight of the las
nine months, increased $1.6 billion or 3.4 percent to $48.8 billion. Thi
follows a 0.4 percent June increase. Primary metals, up for the sevent!
consecutive month, increased $0.7 billion or 2.2 percent to $31.8 billion
following a 0.9 percent June increase. Fabricated metal products, up for th
nineteenth consecutive month, increased $0.3 billion or 1.0 percent to $26.:
billion, following a 1.6 percent June increase. Industrial machinery anc
equipment, up for the first month since April, increased $0.3 billion or
0.3 percent to $73.0 billion, following a 1.6 percent June decrease.

Inventories

Inventories of durable goods in July, up twelve of the last thirteer
months, increased $1.9 billion or 0.7 percent to $281.1 billion. This follow:
a 0.4 percent June increase. Electronic and other electrical equipment, uy
for the fourth consecutive month, increased $0.6 billion or 1.6 percent t
$40.4 billion, following a 0.1 ‘percent June increase.  Transportatior
equipment, up for the nineteenth consecutive month, increased $0.5 billior
or 0.7 percent to $66.9 billion. This follows a 0.4 percent June increase
Industrial machinery and equipment, up for the fourth consecutive month
increased $0.4 billion or 0.7 percent to $60.2 billion. This follows a 0.:
percent June increase.

Inventories of nondurable goods, up eleven of the last twelve months,
increased $0.2 billion or 0.1 percent to $165.9 billion, following a 0.
percent June increase, Chemicals and allied products had the largest increase

By stage of fabrication, July finished goods increased 0.6 percent it
durables and 0.5 percent in nondurables. Work in process increased 0.’
percent in durables and 0.3 percent in nondurables. Materials and supplie:
increased 0.8 percent in durables and decreased 0.4 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 August is scheduled for September 25, 1997 at 8:30 a.m. and the full report on October 2, 1997 at 10:00 a.m. For sale by the Superintendent

ff Dacuments 11 § Government Printine Office Washinoton DC 20402. This renort is available on the dav of issne throneh the Denartment of Cammerce’s online Feanamie Bulletin


Nondefense Capital Goods 11
New Orders and Shipments

Three Month Moving Averages
Billions of Dollars

§2,--------------+-------------- ee ee eee New Orders || 52

Shipments

L L 1 L L L L a L L 1 L L
Jul Sep Nov Jan Mar May Jul Sep Nov Jan Mar May Jul
Jul. 1995 - Jul. 1997

Defense Capital Goods
New Orders and Shipments

Three Month Moving Averages

Billions of Dollars
10

9

Jul Sep Nov Jan Mar May Jul Sep Nov Jan Mar May Jul
Jul. 1995 - Jul. 1997

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
change
July June May | June- | May- | Apr- July June May July | July
1997" | 1997" 1997 | July | June | May | 19977 | 1997" 1997 1996 | 97/96
MATERIALS AND SUPPLIES
All manufacturing industries... . . 147,545 | 147,068 | 146,533 | +03] +04] +03 | 147,742 | 145,923 | 146,110 | 146,004 | +12
Durable goods industries... . .. 86,779 | 86.081 | 85373 | +08] +08 87,137 | 24,974 | 84,860 | 85,394] +2.0
Stone, clay, and glass products’. 2/912 89: 2885 | +07 | +02 71912 "897 | 2,888 831 429
Primary metals : 8027 | 7:962 | 71923 | +08] +05 7992 | 7807 | 7,732 | 71534] +6.1
Fabricated metal products 22:2! 2 | 10,482 | 10,387 | 10,302 | +09] +08 10513 | 10381 | 10,241 } 10,165 | +34
Industrial machinery and equipment | 18270 | 18318 | 17990] -03] +18 18°339 | 18,134 | 18/093 | 19,115 4.1
Electronic and other
electrical equipment 13,955 | 13,695 | 13,704] +19] -01 14,159 | 13,57 | 13,719 | 13,952] +15
Transportation equipment |. : 14737 | 14421 | 14266 | 422) +11 14901 | 14163 | 14264 | 14190 | 45.0
Instruments and related products 8316 | 8264] gi42 | +06] +15 384 | 8,290 188 | 7915 | +59
Lumber, furniture and
miscellaneous durable goods 10,080 | 10,142 | 10,161 06| 02| +12] 9937] 9,745 | 9,735} 9,692 | +2.5
Nondurable goods industries 60,766 | 60987 | 61,160] -04} -03 | +02 | 60,605 | 60,949 | 61,250 | 60,610 0.0
Food and kindred products 11204 | 11244 | 11256] 04] -01 0 | 10,859 | 11,022 | 11/025 | 11,202 3.1
Tobacco products 57246 | 5.275 227 | 05} +09} -0.1 yo30 | 4,997 | 5,127 | 4,587 | +75
Textile mill products. 3137 | 3140} 3137 | -o1] +01] -22) 3178 | 3156 | 3.222 | 2,986 | +64
Paper and allied produc 7718 | 7697} 7811] +03{ -15| -07 | 7632] 7,598] 7,846 | 7,971 43
Chemicals and allied products 14189 | 14166 | 14072] +02] +07] -05 | 14315 | 14341 ] 14196 | 13,710] +44
Petroleum and coal products "561 | 3624} 3807] -L7] 48] +55 | 3611 | 3.755 | 3,929 3595 | +04
Rubber and plastics products - 6220 | 6211 | 6.25 401] 06] +05] 6290] 6193 | 6,260 3164 | +20
Apparel, printing and publishing
and leather goods 9491 | 9630] 9,599 | -14] +403] +407] 9,790 | 9,887 | 9,645 | 10,395 58
WORK IN PROCESS
All manufacturing industries... . 141,448 } 140,623 | 140,724 | +06] -0.1 | +06 | 142,500 | 139,631 | 141,781 | 135,575 | +5.1
Durable goods industries ...... .. | 113,793 | 113,043 | 112,939 | 40.7 | 40.1 | +03 | 114,755 | 112,447 | 114,142 | 109,278 | 45.0
Stone, clay, and glass products. - 1169 | 1186 | 1279 | -14| -73 | +22] 1206] 1226} 1,348 | 1,246 3.2
Primary metals -..... .. : s'g27 | 8/962 | s'gos | -04| +06] +03] 8983 | 8875 | 8851 | 8,901 +09
Fabricated metal products size | sooo | 7984 | +15] +03 | +11] 8216] 7986 | 8057 | 7,827 | +50
Industrial machinery and equipment | 22,677 | 22,675 | 22,769 oo] -04] -06] 22898 | 22/562 | 23,172 | 22,696 | +0.9
Electronic and other
electrical equipment . . . . 14914 | 14,830 | 14,738 | +06 +06 | 15,087 | 14,800 | 14,916 | 15,145 04
Transportation equipment . 42695 | 42267 | 42312 | +10 403 | 42,743 | 41/721 | 42,643 | 38217 | +118
Instruments and related products |: | 10,203 } 10,080 ] 10,003 | +12 0.0 | 10,389 | 10,122 | 10,068 | 10,113 | +27
Lumber, furniture and
miscellaneous durable goods... . . 5,180 | 5,137 | 5,046 | +08 +13] 5233 | 5,185 | 5,087 | 5,133. | +19
Nondurable goods industries . . 27,655 | 27,580 | 27,785 | +03 415 | 27,745 | 27,184 | 27,639 | 26,297] +55
Food and Kindred products 5,032 992 | “5073 | +08 425 646 594 3638 | 4340 | +71
Tobacco products... 220 225 226 | -22 +411 164 154 164 168 24
Textile mill products’. 2,562 | 2,554] 2,568 | +03 410 | 2,588 | 2,536 | 2,602 | 2,596 03
Paper and allied products... 1676 | 1690] 1694] 08 +11} 1718 | 1,726 | 1,726 | 1,729 0.6
Chemicals and allied products": 7aos | 77444. | 71423 | +07 413 | 7673 | 7491 | 7548 | 6904.) +111
Petroleum and coal products 2606 | 2641] 2720) -13 20 | 2624 | 2657 | 2,799 | 2,663 “15
Rubber and plastics products 27229 | 2211 | 2,244] +08 432 | 2198 | 2147 | 2254 | 2020) +88
Apparel, printing and publishing
and leather goods ............. 5,836 | 5,823 | 5,837 | +0.2 424] 6134] 58791 5,908 | 5,877] +44
FINISHED GOODS
All manufacturing industries... . . 157,969 | 157,132 | 156,203 | +05] +06] +05 | 158,409 | 157,226 | 159,729 | 150,404) +5.3
Durable goods industries 30,503 | 80,042 | 79,772 | +06] +03 | +05] 80,816 | 80318 | 82,373 | 76156 | +6.)
Stone, clay, and glass products 4,62. 4,696 | 4585 | -16| +24] +16] 4,663 774.) 4.757 | 4,391 +62
ary metals... . 7913 | 7923 | 7963] -02| -05| +04} 7903 | 7945] 8114} 7815 | +11
Fabricated metal products 2] 9762 } 105102 | 10003 | -14] +10} +10] 10,130 ] 10491 | 10.365 | 9520 | +64
Industrial machinery and equipment 19220 | 18,774 | 18,876 241 05] +11 | 19061 | 18,304 | 19,456 | 17,761 +73
Electronic and other
electrical equipment . . 11493 | 11,187 | 11248} 427] 05} 40.1 | 11,696 | 11,265 ] 11,778 | 10,644 | +99
Transportation equipment - 9422 | 9710 | 9529] 30) +19] 40.7} 9480) 9691 | 9.765 | 9175] +33
Instruments and related prod 6483 | 6530] 6545 | 0.7] 02) 08] 6517] 6571 | 6634) 6,529 02
Lumber, furniture and
miscellaneous durable goods .. . . 1389 | usis | 11023 | +24] +09] 02] 11,366] 11,277 | 11,504 | 10321 | +101
Nondurable goods industries . 77,466 | 77,090 | 76431] +05] +09] +05 } 77,593 | 76,908 | 77,356 | 74248 | +45
Food and Kindred products 18,902 | 18,962 ] 18,731 03 | +12 00 | 18,547 '999 | 18,103 | 17,941 434
Tobacco products ....... 785 701 795 | +1201 -107]  -Lt 601 367 666 524 | +147
Textile mill products. - - 4541 | 4523 | 4450 | +04] +16 | +10] 4617] 4604 | 4,664 | 4513] +23
Paper and allie ucts | 6434 | 6435 | 6,443 00] 01] +04 | 6413 | 6436] 6.628 | 6,755 51
Chemicals and products 20'895 | 20751 | 20550] +07] +10} +0.1 | 20,724 | 20,572 | 20,833 | 19,671 | +54
Petroleum and coal products 6,035 091 094 | 09] 00] +13 3175 |” 6,242 297 | 5,951 | 43.8
Rubber and plastics products {| 7sa6 | 7826 | 7736] 403] +12] +12 "8 Toa | 77901 | 7,112 | +97
Apparel, printing and publishing
and leather goods... | 12028 | 11,801 | 11642 | tig | +14 | 40.7 | 12,716 | 12,574 | 12,264 | 11,781 | +79

P Preliminary Reviced


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
July June May} June-|_ May-| —Apr.- July June May July} July
1997" 1997" 1997} July! June] May| =—1997 1997" 1997 1996] 97/96
All manufacturing industries... . . 521,352] $23,928] 522,689] -0.5| +02]  +0.1] 523,006] 523,505] 526,202] 507,940) +3.0
Manufacturing industries
without defense capital goods ..... 413,843 | 415,902] 414,272 -0.5 +04 +03] 416,024] 414,766] 416,634] 399,148 +4.2
Durable goods industries .... . 495,067} 498,111} 497,214 0.6 +02 +0.1] 495,509] 496,962} 500,042] 482,487 42.7
Stone, clay, and glass products . 6,722] 6887] 6,794 24) +14} 0.7] 6,800] 6,867] 6,879] 6,703] +14
Primary metals... . 31,755] 31,064] 30,795] +22] = +09] 9 +11] 31,774] 31,053] 31,553] 29,386] -+8.1
Blast furnaces, steel : 12871] 12,594] 12421] +22] +14] +134 12948] 12,655] 12,831} 12,570] -+3.0
Iron and steel foundries .... . 4,951 4358} 4,760| +19] 42.1, +18] 4,991 4927} 4,837) 4,230] +18.0
Nonferrous and other primary
metals 13,933] 13,612] 13,614) 42.4 00} +081 13,835] 13,471] 13,885] 12,586] +9.9
Fabricated metal products -. | 26251] 25,988] 25574) 41.0] +16] +405} 26678] 26111] 25,599] 23,671] +12.7
Industrial machinery and equipment . 73,035 | 72,784| 73,965 403 -1.6 04) 72,347} 71,821] 74,077] 72,128 +03
Engines and turbines .......... 11,604] 11,704] 12,143 09 3.6 3.1} 11,288] 11,205] 11,623] 11,601 27
Construction, mining and
material handling equipment 9,271 9,145 9,051 +1.0 9,104 9,180 9,255 8,744 +41
Metalworking machinery 7:933| 8,092] 8,564 “5.5 7.933] 8,092 8,564] 8,820] -10.1
Computer and office equipment . 8,788] 8,878] 9,425 58 8920] 8844] 9,664] 10,049] -11.2
Electronic and other
electrical equipment ........... $1,258] $4,427} 53,943 +09] +4.1| 51,637] 53,579] 54,197] 51,195] +09
Electrical transmission and
distribution equipment and
industrial apparatus ........... 6,615 6,681 6,768 +10 3 0.2 6,636 6,593 6,810 6,459 427
Electric lighting and
wiring equipment ...... 4,629 4,449 4,478 0.6 0.6 4,629 4,449 4478 4,262 48.6
Communications equipment 14,808] 15,135] 14,250 46.2] 42.7] 14,825] 15,173] 14,241] 14,180] +45
Electronic components . . 19,161] 22,172] 22,462 3 +89] 19,468] 21,381} 22,669] 21,204 8.2
‘Transportation equipment . . 249,081 | 251,839] 251,349 +02] 0.6] 248,850] 252,314] 252,320] 245,549] +13
Aircraft, missiles,
space vehicles, and parts. 217,795 | 220,092] 219,314 10 +04 217,468} 220,725 | 220,441] 213,186 +2.0
Shipbuilding and tanks 18,090| 18,443] 18,471 02 18,202| 18,608] 18479) 18,849] -3.4
Instruments and related products 48,821 | 47,231] 47,066 ¥ +04 48,662| 47,144} 47,095] 45,871 +6.1
Search and navigation equipment 29,442 27,661 27,489 +64 +06 9 29,225 27,703 27,522) 27,540 +6.1
Measuring and controlling devices . 9,862 9,997] 10,071 14 0.7 +13 9,862 9,997] 10,071 9,656 421
Medical instruments and supplies 7,164 7,849 8,050 “Ll 2.5 40.3 7,725 7,614 8,011 7,708 40.2
All other durable goods .......... 8144] 7/891 7728| +32) 421) +17] 8,761 8,073] 8322] 7,984] +97
Nondurable goods industries . . 26,285] 25,817] 25,475 +18 +13 03} 27,497] 26,543] 26,160] 25,453 +8.0

* 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
July} June} May | June-| May-] Apr-| July] June} May] July| July
1997} 1997] 1997] July} June} May] 1997°} 1997'| 1997] 1996] 97/96 | 1997" | 1996
All manufacturing industries... .. 330,282) 329,554] 324,042] +0.2) +1.7} -0.5] 299,236] 348,136] 323,870] 287,081 — +4.2| 2,259,346 [2,154,906
Manufacturing industries
with unfilled orders ........ 183,757] 185,772] 181,087} -1.1] +2. +0.1] 164,457] 198,219] 177,233] 157,996] — +4.1] 1,258,424 ]1,199,921
without defense capital goods 324,400] 323,283] 318,519} +03] +1.5]  -0.2} 295,402] 341,723] 319,928] 283,920]  +4.0]2,221,026 [2,109,788
Durable goods industries . 180,972] 181,584] 176,443] -0.3] 42.9} 0.4) 154,782] 194,554] 175,342] 147,034] — +5.3] 1,233,358 [1,166,291
With unfilled orders 146,555] 148,943] 145,130] -1.6] +2.6] +0.21 128,360] 160,194] 141,875] 123,036] — +4.3] 1,007,223] 952,012
Stone, clay, and glass products 7,597} 7,593) 7,507) +0.1) +11] -2.1) 7,624) 8,169] 7,726 6,984] +9.2] ° 52,215] 47,177
Primary metals F 16,267] 15,694] 15,516] +37] +11] -2.4) 14,855] 15,736] 15,544] 13,451] +104] 111,196] 103,570
Blast furnaces, steel mills ++] 6,548] 6,460] 6,235] +14] +3.6 © -4.3] 6,018] 6390] 6,244] 5,695] 5.7] 45,369] 43,356,
Iron and steel foundries ...... 1,615} 1,543} 1,505] 44.7) +25] -1.1) 1,336] 1,645] 1,521] 1,217] 9.8] 10,911] 10,318
Nonferrous and other primary
metals... . a 8,104) 7,691] 7,776] +54] -1.1) -1.2] 7,501] 7,701] 7,779] 6,539] +14.7] 54,916] 49,896
Fabricated metal products. . . ++[ 19,241) 19,299] 18,692) -0.3] 43.2) -3.2)_ 17,425] 20,631] 18,988] 16,353) +6.6] 132,347] 124,528
Industrial machinery and equipment .| 35,287] 33,103] 32,753] +66] +1.11 -3.3)” 30,149] 37,482] 32,280 27,177] +10.9| 231,372] 217,856
Engines and turbines .......... 1,890] 1,464] 1,497] 429.1] -2.2) -143] 1,480] 1,791) 1,416] 1,631] 9.3] 11,061] 11,712
Construction, mining and
material handling equipment . 3,952) 3,853] 3,659] +2.6] +5.3)  -7.5} 3,383] 3,971] 3,594] 2,922] +15.8] 26,998] 24,567
Metalworking machinery .. . 3,460] 3,086] 3,236) +121] 4.6 -8.8] 2,859] 3,489] 3,187] 2,737 +4.5] 22,431) | 20,777
Computer and office equipment ...] 9,401] 8,781] 8,632] +7.) +1.7] +11] 7,308] 11,562] 7,949] 6.7191 +8.8] 58,782] 55,502
Electronic and other
electrical equipment .......... 26,104) 30,045] 30,851] -13.1]  -2.6] +10.6| 23,411] 31,744] 29,509] 26,156} -10.5] 198,143] 180,746
Electrical transmission and
distribution equipment and
industrial apparatus .... . . 3,297) 3,188] 3,229] +34) -1.3] 4.1] 3,064) 3,452] 3,136] 3,240] 5.4] 22,963] 21,984
Electric lighting and
wiring equipment ....... 2,335] 2,053) 2,089) +137) 1.7] -7.81 1,988] 2,131] 2,089] 1,837] +8.2| 14,562] 13,895
Communications equipment . 6,319] 7,408] 6,721) -14.7] +10.2) +117] 5,314] 8,405] 6,230] 5,119] +3.8] 43,349] 36,660
Electronic components . 8,786) 11,733) 13,433) -25.1] -12.7] +26.5] 8,362} 11,770] 12,858] 11.337] -262] 79.911] _ 72,368
Transportation equipment . . . . AL411] 42,905] 39,423] -3.5] +8.8}  -0.7] 28,552] 45,570] 39,590] 28,973) —-1.5] 282,736] 288,618
Aircraft, missiles,
space vehicles, and parts. 8,809] 11,272 8,851] -21.9] 427.4) +15] 6,440 12,121] 7,255] 8,161] -21.1] 64,036] 76,212
Shipbuilding and tanks. . S61] 903 959) -37.9) 5.8} +38. 441} 1,168] 948/207 4113.0] 4,939] 6,773
Instruments and related products 14,999} 13,354] 12,429] +123] +74!  -6.3] 13,483] 14,562) 12,111] 10,822] +24.6] 91,720] 82,349
Search and navigation equipment 4,537] 2,878) 2,046] +57.6] +40.7] -22.2] 3,963] 3,119] 1,753] 1,495] +165.1] 19,630] 15,381
Measuring and controlling devices 4,024) 3,925] 3,887] 42.5] +1.0] +18] 3,454] 4,223} 3,883] 3,183 $8.5] 26,590] 24,757
Medical instruments and supplies 4,105] 3,972] 4,042] +33) 1.7] -7.0 3,970} 4.2221 4.001] 3.984] -0.4] 28,544] 26,791
All other durable goods .......... 20,066) 19,591} 19,272) +2.4) 41.7] -1.1] 19,283] 20,660] 19,594] 17,118] +12.6] 133,629] 121,447
Nondurable goods industries . 149,310] 147,970] 147,599] +09} 40.3] 0.6] 144,454] 153,582] 148,528] 140,047] +3.1] 1,025,988] 988,615,
With unfilled orders 37,202] 36,829) 35,957] +1.0} +24)  -0.6| 36,097) 38,025] 35,358] 34,960] +3.3] 251,201] 247,909

” 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 do
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 er
which includes errors of coverage, response, and nonreporting. Since the survey panel is not a probability sample, estimates of sampling error cannot be calculated. Furt
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
July| June] May | June-| May-] Apr-] July] June] May} July | July

1997° 1997" 1997} July} June} May} 1997" 1997" 1997 1996 | 97/96 1997" 1996

All manufacturing industries .... . 332,858] 328,315] 323,567) +1.4] +1.5] — -1.0] 299,735} 350,833) 325,261} 280,761 +6.8| 2,248,559 2,124,000

Manufacturing Industries
with unfilled orders «| 186,333] 184,533] 180,612]
without defense capital goods . . . | 326,459] 321,653] 317,251

xt

+10] +2.2} — -1.0} 164,956] 200,916} 178,624} 151,676 +8.8} 1,247,637 |1,169,015
5} +14) -1.0) 294,144] 343,591] 319,167] 275,652) +6.7| 2,205,543 [2,083,372

184,016} 180,687] 175,900] +1.8} +2.7] — -1.4] 156,235] 197,634] 176,839] 141,288] +10.6] 1,225,423 1,137,817
149,599] 148,046] 144,587] +1.0} 42.4] -1.1] 129,813] 163,274] 143,372] 117,290] +10.7] 999,288] 923,538
7,762| 7,500) 7,556} +3.5 0.7] -0.8} 7,691 8,181 7,807| 7,050) +91 51,992] 47,283
15,576] 15,425] 15,166} +1.0]  +1.7]  -1.7] 14,134] 16,236) 15,655] 13,154] +75] 107,860] 101,376
6,271 6,287] 6,081 0.3] +34) -2.5} 5,725] 6,566} = 6,241 5,551 43.1 43,956] 42,294
1,522) 1,445 1,422; +53] +16 -3.4) 1,272) 1,555 1,525 1,209) +52 10,212 9,623

Durable goods industries.
With unfilled orders
Stone, clay, and glass products
Primary metals
Blast furnaces, steel mills
Iron and steel foundries... .
Nonferrous and other primary
metals :
Fabricated
Industrial machinery and equipment
Engines and turbines a
Farm and garden machinery . .
Construction, mining and
material handling equipment . 3,826] 3,759] 3,714] +18] +12) -3.9] 3,459) 4,046} 3,803] 3,131] +105] 26,523) 24,191
Metalworking machinery .......| 3,619] 3,558] 3,439) +17) +3.5) +3.0] 3,018| 3,961) 3,390) 2,504) +20.5] 22,708} 20,123
Computer and office equipment ...| 9,491] 9,328] 8809] +17] +5.9) +16) 7,232) 12,382| 7,641] 6,153} +17.5] 59,643} 54,899
Electronic and other
electrical equipment
Electrical transmission
distribution equipment and
industrial apparatus .
Household appliances
Electric lighting and

7,783) 7,693; 7,663} +12) +04) -0.7) 7,137) 8,115) 7,889] 6,394) +11.6 53,692] 49,459
18,978] 18,885) 18,567] +0.5} +1.7| — -2.3) 16,858] 20,119) 18,923] 15,968] +5.6] 129,899] 123,046
35,036) 34,284] 33,053] +22) 43.7] 0.8] 29,623] 39,738] 32,427] 26,289) +127] 231,189] 216,441

1,990} 1,903) 1,889] +46) +07] -0.7] 1,397] 2,209) 1,797] 1,265] +10.4 12,474] 12,405

2,277) ~— 2,049) 1,978) +111] +3.6)  -2.6) 1,783] 2,041 2,344) 1,447) +23.2 15,432] 14,184

29,273] 29,561] 28,716} -1.0)  +2.9] +0.8 25,353} 32,362) 27,779] 23,166] +9.4] 194,368] 179,024

3,363) 3,275) 3,240) +2.7] +1.1 -2.6{ 3,021 3,669} 3,179) 2,822 +71 22,629} = 21,610
2,006] 2,078 1,944) -3.5] +69) -2.3) 1,868] 2,398 1,968 1,817 +28 13,981] 13,595

wiring equipment ............. 2,155] 2,082] 2,116] +3.5] 1.6 -1.3] 1,808] 2,160} 2,116] 1,674] +8.0] 14,347) 13,515
Household audio and
video equipment ......... --{ 1,302] 1,412) 1,353] -7.8) +4.4) 43.8) 1,130) 1,281] 1,132] 1,096} +3.1 8,032} 7,422

Communications equipment.
Electronic components .
Transportation equipment .... .
Motor vehicles and parts . . .
Aircraft, missiles,
space vehicles, and parts.
Shipbuilding and tanks .

6,646] 6,523} 6,344) +19) +2. +5.3] 5,662) 7,473 5,877] 4,815] +17.6] 40,924] 35,982
11,797] 12,023} 11,601 -19{  +3.6 +11] 10,275] 13,058] 11,415] 9,180) +11.9 80,204] 72,496
44,169] 42,415] 41,056] +4.11 43.3) -3.0] 32,016] 45,576] 42,738] 27,765] +15.3] 289,621] 267,604
30,400} 28,945) 27,813) +50} +4.1 4. 19,975] 30,582] 29,912] 18,510) +79] 201,434] 192,749

11,106} 10,494) 10,513] +5.8) 0.2) -2.2] 9,697] 11,837] 10,023 7,043] +37.7 69,477] 55,591
914) 931 1,001 -18 | +9.4) 847) 1,039 1,025) 854) 0.8 6,190 6,359

Instruments and related products . 13,409} 13,189} 12,640] +1.7}  +4.3) — -2.3] 11,965] 14,513] 12,505) 10,982 +9.0 88,870] 83,034
Search and navigation equi . 2,756] 2,706] 2,579) +1.8] +4.9)  -2.5] 2,441 2,938) 2,515) 2,145] +13.8 18,022] 16,618
Measuring and controlling devices . 4,159] 3,999] 3,759] +4.0] 46.4) 2.2] 3,589] 4,297) 3,755] 3,098] +15.8 26,475} 24,825
Medical instruments and Supplies = . 4,190] 4,173] 4,014) +04] +4. 0.4) 3,859] 4,619] 3,885} 3,583} +7.7| 28,245) 26,401
Photographic goods . : 1,835 1,860] 1,863} -1.3 0.2) 6.3] 1,604) 2,162 1,912 1,772] 95 13,016] 12,680
All other durable goods 19,813} 19,428] 19,146] +2.0) +15) -1. 18,595] 20,909] 19,005} 16,914) +99] 131,624} 120,009

148,842] 147,628] 147,667) +0.8] O. -0.5] 143,500] 153,199} 148,422] 139,473 +2.9] 1,023,136} 986,183
36,734] 36,487) 36,025) +0.7) +13} -0.4) 35,143] 37,642] 35,252] 34,386) +2.2| 248,349) 245,477

Nondurable goods industries . ..
With unfilled orders .. .

Food and kindred Products . 40,514] 40,071] 40,251] +1.1 -0.4{  +0.3} 39,096] 40,765] 40,437) 38,044) +2.8] 275,398] 267,381
Meat products . . 8,973! 8,888] 8,911] +1.0} 0.3) +04] 8,838] 9,022] 9,115) 8,636 +23 61,208] 59,952
Dairy products 4,960) 4,949) 5,112] +0.2 3.2) +44) 4,796} 5,067} 5,181 4,899) 21 34,599] 33,481
Beverages . 5,904 5,723} 5,828) +3.2 1.8} -0.1] 6,305) 6,509} 6,319] 6,160] +24] 40,853} 39,953

All other foods, except “fats and oils 18,763] 18,599] 18,427] +0.9} +0.9} +0.2} 17,243] 18,255] 17,849] 16,417] +5.0] 124,684) 120,761
Tobacco products . . 3,190} 3,189} 3,194] 0.0} 0.2] +42} 3,180] 3,219] 3,346} 2,938] +82 21,838] 19,589
Textile mill products 6,912 6,716] 6,771} +2.9} 0.8) -1.4) 6,205] 7,456] 6,856] 5,857 +5.9 46,786] 44,642

Broadwoven fabrics and

other textiles 4,239 4,100] 4,136] 43.4] -0.9)  -1.9] 3,658] 4,450) 4,267] 3,487] +4.9] 28,916) 27,932
Paper and allied products 13,337] 13,327] 13,208] +0.1) +09] 2.4) 13,024] 13,959] 13,191] 13,199 92/838] 95,166
Pulp, paper, and
paperboard mill products ...... 5,174] 5,123} 5,171] +4.0] 0.9 4.2] 5,158] 5,353] 5,171] 5,353] -3.6) 36,618] 38,775
Paperboard containers and boxes .. } 3,217) 3,212] 3.212] +02) 0.0} -0.6 3,088] 3,295] 3,261] 3,152] -2.0] 22,653] 23,269
Miscellaneous converted
paper products .......... 4,946] 49921 4,825] -0.9] +35] -1.6| 4,778] 5,311] 4,759] 4,694] +1.8) 33,567] 33,122
Chemicals and allied products 32,786) 32,756] 32,945] +0.1) -0.6, -0.1| 31,144] | 34,515} 33,507] 29,919] +4.1] 230,186] 215,991
Industrial chemicals 15,864] 15,823] 15,888] +03] -0.4) -1.1| 15,404] 16,732] 16,191] 14,737) +45}. 112,839] 106,692
Drugs, soaps, and toiletries. 12,942] 12,919] 12,932| +02) -0.1) +1.2} 12023) 13,170] 12,028] 11,329] +6.1] 86,472) 79,754
Petroleum and coal products 14984] 14,981} 15,104] 0.01 -0.8| +1.1] 15,275] 15,669] 15,812] 15,091] +12] 105,777] 99,848
Rubber and plastics products . 12,526] 12,268} 12,171] +2.1] +0.8) -4.1) 11,593] 13,106] 12,687) 11,186] +3.6| 87,107) 84,444
All other nondurable goods. 24,593] 24,320| 24,023] +1.1] +12] -0.8] 23,983] 24,510] 22,586] 23,239] +3.2) 163,206| 159,122

¥ Preliminary. ’ Revised.

' Ghinmente and new ardere are the totale for the nerind and are adinsted for tradine-dav and calendar-month variations.