Table 4. VALUE OF MANUFACTURERS’ INVENTORIES FOR INDUSTRY GROUPS

(Millions of dollars)

Seasonally adjusted

Not seasonally adjusted

Industry Monthly Percent Change Monthly Percent
change
Feb. Jan. Dec.| Jan.-|_ Dec.-|_ Nov.- Feb. Jan, Dec. Feb.} Feb,
1998" 1998" 1997} Feb.| —Jan.| Dee. 198” 1998" 1997 1997] 98/97
All manufacturing industries... . . 457,580] 455,122} 453,591 40.5 +03 0.1] 460,609] 453,306} 442,992] 441,050 +44
Manufacturing industries
with unfilled orders... 303,279] 301,754] 300,724] +05] +03 0.1} 304,306] 299,171] 291,241] 291,667] +43
without defense capital goods. 440,134] 437,847] 436,509] +05] +03 04] 443,243] 436,308] 426,798] 424,726]  +4.4
Durable goods industries . . 286,708 | 285,065] 283,912 +04 0.3} 288,783} 283,573] 275,777] 276,461| — +4.5
With unfilled orders : 263,287| 261,716] 260,580 +04 -0.3] 264,396} 259,710} 252,591] 252,767] +4.6
Stone, clay, and glass products 8,787 8,790] 8,759 +04 40.2) 9,009] 8,785 8,531 8920] +10
Primary metals... 24,758] 25,109] 25,107 00] +06] 24,880] 25,258] 25,195] 24,758] +05
Blast furnaces, steel mills. 12,068] 12,091] 12,083 40.1} 40.2) 12,149} 12,330] 12364) 12,189] -03
Iron and steel foundries. . 1,643, 1,667 1,644 +14] 40.2 1,664 1,644 1,603 1,695 18
Nonferrous and other Primary
metals... 2... 11,047] 11,351] 11,380] -2.7 03] +11} 11,067] 11,284] 11,228] 10,874] +18
Fabricated metal products - | 29,591] 29,303] 29,106} +10} 40.7 02] 29,746] 29,167] 28,593] 27993] +63
Industrial machinery and eauipment - | 61,438] 60,396] 60,667) +1.7 041 40.1} 62,342] 60,040] 58,472] 59,594] 44.6
Engines and turbines. 4206) 4,110] 3,926 423) +47] +17] 463] 3,949] 3.683 3,600] +156
Farm and garden mach 3,439] 3,394) 3342] +13] +16] 425 3,825] 3,715] 3,481 3,465] +104
Construction, mining and
material handling equipment . 8367] 8,242} 8,195] +15] 40.6] 415] 8,492] 8,244 8,007 7,693] +104
Metalworking machinery 7.251 7,156] 7302} +13 -2.0 0.4 7213{ 6,929) 6,826] 7,212 0.0
Computer and office equipment . 1153] 11,044] 11,435] +10] 3.4 -19{ 11,410] 10,832] 10,607] 12156] 6.1
Electronic and other
electrical equipment ......... 41449) 40,948} 40,493] 41.2] +11] 405] 41,374] 40,466] 39,087] 39,226] 45.5,
Electrical transmission and
distribution equipment and
industrial apparatus . 5,303 5,293 5,276 +02 +03 40.9 5,310 5,225 5,119 5,221 +17
Household appliances . 2,593] 2,550] 2499] 41.7] 42.0 “55 2,701 2,510] 2,274 2,888 6.5
Electric lighting and
wiring equipment... ..... 3419] 3,429} 3,413 03] +05 03] 3,419] 3,360] 3,229] 3,301] 43.6
Household audio and
video equipment . 1,378 1,388 1,435 0.7 33 -43 1,347 1,338 1,320 1612} -16.4
Communications equipment W261) 11152] 11143] #0] 40.1) 40.8) 11226] 10st] 10,659] 10351] +85
Electronic components . 14,185] 13,824] 13,447] +26] +28] 42.01 14.140] 13.755] 13,369] 12530] 4128
Transportation equipment 68,212] 68,203] 67,657 0.0; +08 -14} 68,702} 67,790} 64,823] 65,300] +52
Motor vehicles and parts . 16,599] 16,564] 16,423] +02] ~~ +0.9 0.0) 16,759] 16,565] 15,879] 16,970 “12
Aircraft, missiles,
space vehicles, and parts. ..... . 46,635] 46,648] 46,377 oo] +06 2.3] 46,887] 46,226] 44,215} 43,532] 47.7
Shipbuilding and tanks . 1,637 1,705 1,684 4.0 412 44.5 1,674 1,733 1,644 1,752 45
Instruments and related products 25,162} 25,125] 25,023] 40.1] 40.4] 0.5] 25,009] 24,600] 241209] 24.430] 42.4
Search and navigation equipment | 6217] 6,222} 6,235 “0.1 02] 424) 6,197} 6,090} 6,080 67] +13
Measuring and controlling devices 7,945| 7,901 7,852| +06] +06 04) 7.916] 7,783 7,621 7672| +32
Medical instruments and Supplies 7,919] 7,923 7,882 01] +05 35 7,888] 7,818 7687| 7,740 +19
Photographic goods... . 2,378] 2,382] 2371 02{ +05] +12] 2,308] 2.222] 2159] 2275] 41s
All other durable goods .. . . 27,311] 27,191} 27,100] +04] +03 0.0) 27,721) 27,467] 26,847] 26,240] +56
Nondurable goods industries . 170,872} 170,057] 169,679 40.5 +0.2 +0.1} 171,826] 169,733] 167,215] 164,589 +44
With unfilled orders . 39,992] 40,038] 40,144 -0.1 03 40.8] 39,910] 39,461] 38,650] + 38,900 42.6
Food and kindred product 36,642) 36,293] 35,894) +10) +11] 40.6] 36,837] 36,630] 36,224] 34.850] +57
Meat products . 4,064] 4,082] "3,864 04] 456] -0.1 4129} 4,022} 3,664] 3,747] +102
Dairy products . 3,699] 3,538 3,293} +46] +74} +409} 3,606] 3,452] 3119] 3,015] +196
Beverages . . . : 7.236 7.231 7185) +01] +06 0.0} 7,255 7.225 7,100] 6,667] +88
All other foods, except fats and oils 19,599} 19,487 19,621} +06} «= 0.7] — +1.4] 19,590] 19,803] 20,338] 19,180] +21
Tobacco products... . . 6.246] 6.318] 6.174 sli} 423 09} 6,743] 6.917} 6.547] 6651] +14
Textile mill products 10,359] 10,306] 10,304] 40.5 0.0} +06) 10,477] 10,275 9,855] 10,163 #3.1
Broadwoven fabrics and
other textiles... 6514] 6,495] 6,492] +03 00] +15 6.617] 6,528] 6,262 6391} +3.5
Paper and allied produ 16,434) 16,478] 16,379] 0.3] 40.6) = +1.2] 16633] 16570] 16.247] 16,135] 43.1
Pulp, paper, and
Paperboard mill products ...... 6,648 6,732 6,694 12 +0.6 +10 6,796 6,808 6,629 6,764 +05
Paperboard containers and boxes . . 4097} 4,074] 4,026} +06} +12, 23] 4,172) 4,120] 4,038] 3,956] +55
Miscellaneous converted
paper products . 5,689} 5,672} 5,659} +03] 40.2 5,665 5,642 5,580] 5,415] +4.6
Chemicals and allied products” 45,676} 45,107! 44,400] +13] +16 46,219] 44,898} 44,139] 42101] +9.8
Industrial chemicals . . 20,355] 20,121] 20.069] +12] +03 7} 20,660} 20,329} 20,279) + 19,757] +4.6
Drugs, soaps, and toiletries . 19,841] 19,512] 18,906] +17] 432 . 19,665] 18,858] 18.447) 16,727] +176
Petroleum and coal products 11,278] 11,275] 12,107 0.0 -6.9 ; 10,961] 10,965} 11,604) 12311] -11.0
Rubber and plastics products 16,528] 16,533} 16,442 00] +06 . 16,891] 16,664] 16,256] 16,264] +3.9
All other nondurable goods . . 27,709} 27,747) 27,979] -0.1 08] +06] 27,065] 26814] 26,343] 26114] 43.6

° 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

380 380
New Orders
360 F- - - - = = rr rr err 4 Shipments |—1 360
340 340
320 320
300 300
280 1 1 1 L a 1 1 L L L i 1 L 280
Feb Apr Jun Aug Oct Dec Feb Apr Jun Aug Oct Dec Feb
Feb. 1996 - Feb. 1998
Total Manufacturing
Ratio of Unfilled Orders and
Inventories to Shipments

/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 3.3
1.8 3.2
1.7 3.1
1.6 3
1.5 2.9
1.4 2.8
1.3 2.7
1.2 1 1 1 1 L L 1 1 L L 1 1 L 2.6

Feb Apr Jun Aug Oct Dec Feb Apr Jun Aug Oct Dec Feb
Feb. 1996 - Feb. 1998

Note: All Charts based on seasonally
adjusted current dollars.


Table 6. VALUE OF MANUFACTURERS’ UNFILLED ORDERS AND TOTAL INVENTORIES

FOR TOPICAL SERIE:
(Millions of dollars)

s!

Seasonally adjusted

Not seasonally adjusted

Industry Monthly Percent Change Monthly Percent
change
Feb. Jan. Dec. | Jan. | Dec.- | Nov.- Feb. Jan. Dee. Feb. | Feb,
1998" 1998" 1997 | Feb. Jan. | Dec. 1998" 198° 1997 1997 | 98/97
UNFILLED ORDERS
All manufacturing industries... . 542,895 | 545,555 | 541,449 05 40.8 -0.2 | 546,512 | 547,790 | 535,348 | 528,959 433
Market categories :
Automotive equipment . . 2,402 | 2,409 | 2,425 07] +03 | 2465 | 2,453 | 2,361 2,418 +19
Home goods and apparel 9,660 9,925 | 10,370 43 40.8 9,397 9373 9,011 8113 | +15.8
Consumer staples 2,193 | 2172 | 2,158 +06] +11 2,015 2a 2,122 1,868 479
Machinery and equipment . 250,438 | 251,095 | 247,932 +13 -0.9 | 251,426 | 251,476 | 246,900 | 236,046 +65
Business supplies . 6,778 | 6,704 | 6,741 “05 24] 6,571 6,566 | 6,557 | 6,408 42.5
Construction mates
and supplies... 17,722 | 17,653 | 17,633 | +04] +01 | +05 | 17,804 | 17,593 | 17,307 | 16,627 +71
Defense products . 99,580 | 100,536 | 99,470 -10] +11 | +05 | 100,284 | 101,403 | 99,453 | 106,200 5.6
Other materials, supplies and
and intermediate products ..... . 154,122 | 155,061 | 154,720 0.6 40.2 +0.5 | 156,550 | 156,815 | 151,637 | 151,279 43.5
Durable goods industries :
Nondefense capital goods * ... . 267,384 | 267,755 | 264,814 0.1 +11 -0.9 | 268,624 | 268,654 | 264,413 | 256,524 44,7
Excluding aircraft and parts 103,646 | 102,759 | 101,784 40.9 +1.0 -0.1 | 104,886 | 103,658 | 101,383 | 98,172 46.8
Defense capital goods * 104,269 | 105,204 | 104,177 09 +1.0 +0.6 | 105,030 | 106,061 | 103,985 | 111,126 5.5
Durables excluding capital g¢ 145,582 | 146,649 | 146,189 -0.7 +03 +0.6 | 147,899 | 147,899 | 141,789 | 136,776 +8.1
Miscellaneous series :
Producers’ durable equipment . 290,786 | 291,683 | 288,616 03) +1 -0.5 | 292,325 | 292,510 | 286,527 } 272,676 472
Household durable goods . 6,550 | 6,703 | 7,011 23) 44 04 | 6413 | 6,485 6227 | 5385 | +19.1
Information technology industries 39,596 | 39,426 | 37,960 +0.4 43.9 -0.6 | 39,497 | 39,124 | 37,719 | 37,117 +64
Health care equipment
and products ............. 8,508 | 8432 | 8353} +09] +09] +18] 8808] 8627] 8,355 8,091 48.9
TOTAL INVENTORIES
All manufacturing industries... . . 457,580 | 455,122 | 453,591 40.5 +03 -0.1 | 460,609 | 453,306 | 442,992 | 441,050 +44
Market categories :
Automotive equipment . . 8254 | 8,257 | 8,201 00} +07] +07} 8373 8,193 7,823 8315 +0.7
Home goods and apparel 32,879 | 32,736 | 32647 | +04 | +03 -0.4 | 32,792 | 32,348 | 31,128 | 31,474 +42
Consumer staples... . 72,001 | 71,472 | 70,942 | 40.7] +07 | +01 | 72,151 | 71,330 | 70,601 | 67,892 +63
Machinery and equipment . . . 114,817 | 114355 | 114,101 +04] +02 -1.6 | 116,021 | 113,367 | 109,415 | 110,316 45.2
Business supplies ....... 27,138 | 27,040 | 27,321 | +04] -10 | +02 | 27,056 | 26,566 | 26,302 | 26,148 43.5
Construction mates
and supplies 27,634 | 27,658 | 27,610 0.1] +02 04 | 27,968 | 27,644 | 27,080 | 27,287 42.5
Defense products . - 16,957 | 16810 | 16,562 | +09] +15 | +43 | 16,889 | 16618 | 15,838 | 16,017 +54
Other materials, supplies and
and intermediate products . . 157,900 | 156,794 | 156,207 | +07 | +04 | +04 | 159,359 | 157,240 | 154,805 ] 153,601 43.7
Durable goods industries :
Nondefense capital goods> ...... | 108,601 | 108,034 | 108,057 40.5 0.0 -1.6 | 109,441 | 106,950 | 103,501 | 104,117 45.1
Excluding aircraft and parts . 73,234 | 72,470 | 72,617 +11 0.2 +0.3 | 73,725 | 71,576 | 69,466 | 70,680 +43
Defense capital goods * .. . 17,446 17,275 17,082 +10 +11 +6.2 17,366 16,998 16,194 16,324 +6.4
Durables excluding capital goods 160,661 | 159,756 | 158,773 +06] +06 0.0 | 161,976 | 159,625 | 156,082 | 156,020 43.8
Miscellaneous series :
Producers’ durable equipment . 184,651 | 183,782 | 183,033 +0.5 +04 LL] 186,164 ] 182,440 | 176,651 | 178,558 +43,
Household durable goods . 16,382 16,282 16,160 +0.6 40.8 14 16,544 16,203 15,483 15,976 43.6
Information technology industries. 34,834 | 34,576 | 34,915 +0.7 -1.0 -0.2 | 34,975 | 33,998 | 33,112 | 34,468 +15
Health care equipment
and products ............... 18,673 | 18,501] 18,134] +09] +20 -14 | 18,552 | 18,049 | 17,691 | 16820 | +103

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 7

Monthly Percent Change Monthly Percent Year to date
Industry change
Feb.| Jan. | Dee. Nov-| Feb. Jan] Dec. | Feb. | Feb.
1998" | 1998] 1997 Dec.| 1998] 1998] 1997] 1997} 98/97] 1998" | 1997
SHIPMENTS
All manufacturing industries... . . 337,498] 333,652) 336,734] +1.1] 335,289] 299,635] 333,515] 320,523] +46] 634,924] 610,080
Market categories :
Automotive equipment ...... 14,578] 13,995] 14,908! +14] 16,010] 12,753] 13,207] 15,478] +34) 28,763) 29,054
Home goods and apparel 19,977] 19.854] 19,960) +22] 19,726] 16,600] 17,720] 18,696|  +5.5] 36,326] 34,257
Consumer staples... .... 70,070} 69,954] 69,538) 0.0] 67,365] 65,415] 69,867] 65,859] +23] 132,780) 130,851
Machinery and equipment 63.123] 61,969] 62,145 +3.7| 62,286] 31,594} 69,297] $5,875] +11.5] 113,880] 102,567
Business supplies ........ 25,601] 25,805] 26,421 +21] 25,082] 23,592] 25,915] 24,856, +0.9] 48.674] 47,886
Construction materials
and supplies ..............- 21,206] 20,926] 21,017] +171 20,226] 18,209] 19,044] 19,611] +3.1] 38,435] 37,373
Defense products . .: 6,947] 6,867] 6,698 -84| 7,177 5,707] 7,532) 6,918] +3.7| 12,884] 12,266
Other materials, supplies an
and intermediate products ..... . 115,996] 114,282] 116,047 +0.5] 117,417] 105,765] 110,933] 113,230] +3.7] 223,182] 215,826
Durable goods industries :
Nondefense capital goods >... . . 49,944] 49,169] 48,400] 43.0] 47,918] 39,669] 57,605] 41,702] +14.9] 87,587} 76,067
Excluding aircraft and parts 42,181] 41,274] 41,280) 43.1) 40,513] 33,725] 48,044] 36,049] +124] 74,238| 65,941
Defense capital goods * .... . 6.581] 6,511} 6,280 9.2) 6.768] 5.315} 7,229] 6,500, +4.1) 12,083] 11,469
Durables excluding capital goods. | 131,204] 127,373} 130,657 +1.3} 134,096] 115,045] 122,504] 127,276] +5.4] 249,141] 240,118
Miscellaneous series =
Producers’ durable equipment . 121,001] 117,959] 119,767 +2.4) 122,721] 101,991] 122,983] 112,957] +8.6] 224,712] 209,678
Household durable goods ....... 10,441} 10,171] 10,430 +34) 10,040] 8, 9,970] 9,145] +98] 18,396] 16,809
Information technology industries . | 23,776] 23,019} 23,093 45.4) 21,818] 18,022] 29,714] 19,234] +13.4] 39,840] 35,252
Health care equipment
and products ........... 11,352{ 11,248] 11,388 +2.9 11,005] 10,700] 12,230] 10,542) +4.4) 21,705] 21,023
NEW ORDERS
All manufacturing industries... .. 334,838| 337,758] 335,807] -2.6] 334,011} 312,077} 331,552] 326,107] +24] 646,088] 626,820
Market categories :
Automotive equipment ..... 14,572] 13,978| 14,915 +18] 16,023] 12,845] 13,237] 15,519] +3.2] 28,868) 29,268
Home goods and apparel 19,712] 19.410} 20,042! -1] 19,751] 16,962] 17,289} 18,889] +4.6] 36,713] 34,864
Consumer staples ........ 70,092] 69,967] 69,362 +03] 67,268] 65,403] 69.873] 65,521] +2.7] 132,671] 130,561
Machinery and equipment . . 62,466] 65,131] 59,987 -16.8| 62,237 56,171] 66,142) 59,228] +51] 118,408 110,041
Business supplies .... . .. 25,675| 25,769] 26,257| +18} 25,088] 23,601] 25,698] 24,623|  +1.9] 48,689] 47,684
Construction materials
and supplies . 21,273] 20,946] 21,097 42.1) 20,437] 18,495] 19,184] 19,749] +3.5] 38,932] 37,872
Defense products ..... .. 3,990] 7,933] 7,202 413.2) 6,058] 7,657] 10,117] 5,911] #25] 13,715] 11,359
Other materials, supplies and
and intermediate products ......| 115,056] 114,624] 116,745 +10} 117,149] 110,943] 110,012] 116,667] +04] 228,092] 225,171
Durable goods industries :
Nondefense capital goods * 49,573] 52,110] 45,924) 21.8] 47,888] 43,910] $4,425] 44,757|  +7.0) 91,798} 83,068
Excluding aircraft and parts. 43,068| 42,249] 41,1321 +16 41,741] 36,000] 47,192) 38,600] +8.1] 77,741] 70,338
Defense capital goods‘ ..... 5,646] 7,538] 6,931 +141] 5.737] 7391} 9.937] 5,604] +2.4) 13,128] 10,917
Durables excluding capital goods . | 130,137] 127,833] 131,601 +1.3] 134,096] 121,155] 121,236] 130,920) +2.4] 255,251] 250,521
Miscellaneous series :
Producers’ durable equipment .. . | 120,104] 121,026] 118,290] -8.8| 122,536] 107,974] 119,961] 116,834]  +4.9] 230,510] 219,344
Household durable goods . 10,288] 9,863] 10,404) -16| 9,968) 8,614] 9,527) 9,344) 46.7) 18,582] 17,394
Information technology industries 23,946) 24.485] 22,852] +52) 22,191] 19,427] 28,888] 20,916] 6.1] 41,618] 37,279
Health care equipment
and products ...... 0... 00.05 11,429] 11,326] 11,536 +29] 11,187] 10,971] 12,215] 10,590] +56} 22,158] 21,658

? 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,
handling equipment; metalworking machinery; special industry machinery; general mpu ‘ r :
industry machinery; electrical transmission and distribution equipment; electrical industrial apparatus; communications equipment; aircraft, missiles,

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, tank
and tank components; and search and navigation equipment.

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

as and hydraulic turbines; internal combustion engines; construction, mining, and materi
industrial machinery; computer and office equipment; refrigeration, heating and servic
space vehicles, and engine


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 Feb Jan, Dec. Nov. Feb. Jan. Dec. Nov.
1998? 1998 1997 1997 1998" 1998" 1997 1997
All manufacturing industries . 136 136 135 136 2.82 2.88 2.84 289
Durable goods industries... .. _ 153 1.56 1.53 1.56 334 3.44 339 3.43
Stone, clay, and glass products |. || 110 12 12 116 0.83 0.86 0.88 091
Primary metals -... 2... a 159 1.63 1.65 1.63 218 220 2.24 222
Fabricated metal products 22/2)” 1.49 152 150 Us 145 151 1.48 149
Industrial machinery and equipment 71 170 71 178 216 217 218 228
Electronic and other
electrical equipment . . 134 138 132 134 1.82 191 1.80 1.83
Transportation equipment _ 135 160 156 156 11.00 1135 51 11.20
Instruments and related products | || 186 1:88 184 190 3.59 3.67 358 3.65
Nondurable goods industries ..... Lid 113 112 Lis 0.68 0.68 0.68 0.70
Food and Kindred products | | : 0188 0.86 0.87 0.87 (x) ) &) (x)
Tobacco products 178 1.92 192 181 ) (X) (x) ()
Textile mill products 151 145 1:50 148 (NA) (NA) (Na) (NA)
Paper and allied products |... ||| | U8 116 114 116 (NA) (NA) (NA) (NA)
Chemicals and allied products | || 140 138 134 137 (x) (x) & (x)
Petroleum and coal products 0:86 0.84 0.85 0.84 ) X) ) x)
Rubber and plastics products. 132 132 1.26 131 &) x) &) ®)

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

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

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

Shipments New orders Unfilled orders Inventories
Industry
Feb. Feb. Feb. Feb.
Feb? | 1997- Feb? | 1997: Feb? | 1997- Feb? | 1997-
Feb! | 1993- | Jan. | Feb. | 1993} Jan. | Feb. | 1993-] Jan. | Feb. | 1993- Jan,
1998 | 1997 | 1998 | 1998 | 1997] 1998] 1998] 1997} 1998] 1998] 1997] 1998
All manufacturing industries... . . . (xX) Ol 02 (Xx) 02 0.2 (X) 0.2 Ot (X) 0.0 Ol
Durable goods industries. . 04 02 02 0.6 03 03 0.1 02 0.1 (X) 0.0 01
Stone, clay, and glass produ (X) 0.7 03 (X) 15 11 (x) Lt 09 (X) 02 0.2
Primary metals tee 0.1 04 02 07 08 0.6 03 04 03 (xX) 01 0.0
Fabricated metal products ........ (xX) 04 03 (X) 08 0.5 (X) 03 03 (X) 0.1 0.1
Industrial machinery and equipment -0.2 03 04 04 04 0.6 -0.1 01 02 (xX) 0.0 0.1
Electronic and other

clectrical equipment. . 03 05 06 16 05 10 06 03 0.5 (X) OL 04
Transportation equipment sees 07 06 04 07 14 mt Ol 02 01 &) 0.0 02
Instruments and related products | | os) 03 05 (0) 19 13 9) 05 03 (Xx) 04 02
Nondurable goods industries (X) 0.2 0.2 (X) 01 0.2 (X) 0.1 02 (xX) 01 0.1
Food and kindred products . - &) 01 05 (x) ® (3) (X) & rea) & ol 02
Tobacco products... . . . : (x) Ol 01 (xX) (X) (x) (x) Xx} (X) (X) 0.0 01
Textile mill products . (xX) 03 03 (xX) (NA) (NA) (X) (NA) (NA) (xX) On 04
Paper and allied products. . | : (x) 03 04 (x) ] (NA) | (NA) (| Ay] (NA) (X) OL 1
Chemicals and allied products... . . &) 02 03 (xX) (xX) (X) x} (X) (X) (X) 0.0 0.1
Petroleum and coal products... . . . (X) 03 02 (x) & (X) (x) (X) ) (x) 03 03
Rubber and plastics products ..... . (xX) 02 0.2 (X) (X) (X) (X) (X) (X) (xX) 0.2 0.1

Capital goods industries :
Nondefense ....... 02 02 04 05 05 07 02 0. 01 (X) 0.0 02
Defense... 07 06 09 27 7.0 25 02 04 02 &) 02 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 preliminary and final estimates. The
monthly averages are the simple averages of the absolute values of the differences for the months specified, The advance to final percent change revisions for the
durable goods industries are shown in the advance report for the month.

' The current month revisions are the difference between the advance percent change and the percent change as shown in this publication,
* Average for this month for the last five years,

Spe nate at and nf tabla Y ealatinn ta cements ce


CURRENT INDUSTRIAL REPORTS

co
ay

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

Manufacturers’ Shipments,
Inventories, and Orders

February 1998
3-1-(98)-07
For Wire Transmissions 10:00 a.m. E.S.T. April 2, 199€

For Data - (301) 457-4673
For Questions - Kathy Menth or Lee Wentela
(301) 457-4804 or (301) 457-4852

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

Summary

New orders for manufactured goods in February decreased $2.9
billion or 0.9 percent to $334.8 billion, the Department of Commerce,
Bureau of the Census reported today. This follows a 0.6 percent
January increase and is the second decrease in the last nine months.
Excluding transportation, new orders increased 0.2 percent, the second
increase in the last three months. Year to date, new orders are 3.4
percent above the same period a year ago.

Shipments increased $3.8 billion or 1.2 percent to $337.5
billion, following a 0.9 percent January decrease. This is the second
increase in the last three months. Year to date, shipments are 4.4
percent above the same period a year ago.

Unfilled orders, down two of the last seven months, decreased
$2.7 billion or 0.5 percent to $542.9 billion, following a 0.8 percent
January increase. The unfilled orders-to-shipments ratio was 2.82,
down from 2.88 in January.

Inventories increased $2.5 billion or 0.5 percent to $457.6
billion. This follows a 0.3 percent January increase and is the
thirteenth increase in the last fourteen months. The inventories-to-
shipments ratio was 1.36, unchanged from January.

New Orders

New orders for manufactured durable goods in February
decreased $2.1 billion or 1.1 percent to $185.4 billion, revised from
the previously published 1.7 percent decrease. This follows a 1.6
percent January increase and is the second decrease in the last three
months. Transportation equipment, down two of the fast three
months, had the largest decrease, $3.6 billion or 7.8 percent to $42.2
billion; a large decrease in aircraft and parts more than offset an
increase in motor vehicles and parts. This follows a 7.0 percent
January increase. Industrial machinery and equipment, up for the
third consecutive month, had the largest increase, $1.0 billion or 2.8
percent to $36.4 billion. This follows a 2.3 percent January increase.

New orders for nondurable goods, down three of the last four
months, decreased $0.8 billion or 0.5 percent to $149.5 billion,
following a 0.7 percent January decrease. Textile mill products and
petroleum and coal products had the largest decreases.

Shipments

Shipments of durable goods in February increased $4.7 billion
or 2.6 percent to $187.7 billion, revised from the previously published
2.2 percent increase. This follows a 1.2 percent January decrease
and is the second increase in the last three months. Transportation
equipment, up for the first month since November, had the largest
increase, $1.4 billion or 3.4 percent to $44.1 billion, due to motor

vehicles and parts and railroad equipment. This follows a 1.9 percent
January decrease. Electronic and other electrical equipment, up two
of the last three months, increased $1.4 billion or 4.6 percent to $31.0
billion. This follows a 3.2 percent January decrease.

Shipments of nondurable goods, down three of the last four
months, decreased $0.8 billion or 0.6 percent to $149.8 billion,
following a 0.5 percent January decrease. Led by petroleum and coal
products and textile mill products, decreases were widespread.
Tobacco products had the largest increase.

Unfilled Orders

Unfilled orders for durable goods in February decreased $2.4
billion or 0.5 percent to $517.2 billion, revised from the previously
published 0.6 percent decrease. This follows a 0.9 percent January
increase and is the second decrease in the last three months.
Transportation equipment, down two of the last three months, had the
largest decrease, $1.9 billion or 0.7 percent to $262.6 billion, due to
aircraft and parts and shipbuilding and tanks. This follows a 1.2
percent January increase. Industrial machinery and equipment, up for
the first month since November, had the largest increase, $0.4 billion
or 0.6 percent to $73.1 billion, following a 0.3 percent January

crease.

Inventories

Inventories of durable goods in February increased $1.6 billion
or 0.6 percent to $286.7 billion, following a 0.4 percent January
increase. This is the fourth increase in the last five months and the
twelfth in the last fourteen months. Industrial machinery and
equipment had the largest increase, $1.0 billion or 1.7 percent to
$61.4 billion. This follows a 0.4 percent January decrease and is the
fourth increase in the last five months. Primary metals had the largest
decrease, $0.4 billion or 1.4 percent to $24.8 billion. This follows
four consecutive monthly increases.

Inventories of nondurable goods, up for the thirteenth
consecutive month, increased $0.8 billion or 0.5 percent to $170.9
billion, following a 0.2 percent January increase. Chemical and allied

roducts had the largest increase, $0.6 billion or 1.3 percent to $45.7
Fitton. This follows a 1.6 percent January increase and is the
eighteenth increase in the last nineteen months. Food and kindred
products, up twelve of the last thirteen months, increased $0.3 billion
or 1.0 percent to $36.6 billion. This follows a 1.1 percent January
increase.

By stage of fabrication, February finished goods increased 0.7
percent in durables and 0.4 percent in nondurables. Work in process
increased 0.4 percent in durables and 1.2 percent in nondurables.
Materials and Supplies increased 0.8 percent in durables and 0.2
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 March is scheduled for April 28, 1998 at 8:30 a.m. and the full report on May 6, 1998 at 10:00 a.m. For sale by the Superintendent of Documents,
U.S. Government Printing Office, Washington, DC 20402. This report is available on the day of issue through the Department of Commerce's online Economic Bulletin Board (N-8-1)


U.S. Department of Commerce
BUREAU OF THE CENSUS
Washington, 0.C. 20233

Officlal Business
Penalty for Private Use, $300

FIRST-CLASS MAIL
POSTAGE & FEES PAID
CENSUS
PERMIT No. G-58



Nondefense Capital Goods "1

New Orders and Shipments

Three Month Moving Averages
Billions of Dollars

New Orders

52

Shipments

47

42

37

1 1 L 1 1 L i L L L 1 L L
Feb Apr Jun Aug Oct Dec Feb Apr Jun Aug Oct Dec Feb
Feb. 1996 - Feb. 1998

Defense Capital Goods
New Orders and Shipments

Three Month Moving Averages
Billions of Dollars

10 10

9 New Orders

‘Shipments

Feb Apr Jun Aug Oct Dec Feb Apr Jun Aug Oct Dec Feb
Feb. 1996 - Feb. 1998

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
Feb. Jan, Dec. | Jan- | Dec.- | Nov- Feb. Jan. Dec. Feb. | Feb.
1998” 1998" 1997 | Feb. Jan. | Dec. 1998” 1998" 1997 1997 | 98/97
MATERIALS AND SUPPLIES
All manufacturing industries... . 150,915 | 150,116 | 148,913 | +05] +08 | +06 | 151,501 | 151,084 | 148,561 | 145,861 43.9
Durable goods industries... .. 88,726 | 88,051 | 87,306 | +08 | +09] +02 | 88818 | 88,613 | 86,990 | 84,316 453
Stone, clay, and glass Broducts : 2912 | 2/951 2971 13} 07] +04] 2911 2959 | 2971 21903 +03
Primary metals... ... . 7850 | 7/908 81026 O07} -15] +05] 7814 | 8034 8/328 7910 12
Fabricated metal products. «| 10,788 | 10659 | 10,590} +12] +07] +02] 10811 | 10,786 | 10.766 | 10379 +42
Industrial machinery and equipment 18,569 | 18,299 | 18,262 | +15} +02 -06 | 18,668 | 18,157 ] 17,833 | 17,950 +40
Electronic and other
electrical equipment 14,296 | 14,198 | 13,916 | +07] +20] +09] 14,095 | 14,130 | 13,637 | 13,040 +81
Transportation equipment . : | 15;209 | 15/021 | 14,652 | +13] 425] 405 | 15,299} 15:170 | 14368 | 14,105 48.5
Instruments and related products . . 8.677 8652 | 8540} +03] +13 08 | 8,625 8,667 | 8.416 952 +85
Lumber, furniture and
miscellaneous durable goods . . . . . 10,425 | 10,363 | 10,349 | +06] +01 | +07 | 10,595 | 10,710 } 10,671 | 10,077 45.1
Nondurable goods industries . 62,189 | 62,065 | 61,607 | +02] +07] +11 | 62,683 | 62,471 | 61,571 | 61,545 +18
Food and kindred products - 11273 | 11179 | 1116 | +08] +06] 425 | 1491} 11,450 | 11285 | 11658 -14
Tobacco products... . . 5/262 53361 51180 18] 43.5 -09 567 3770 | 5.457 | 5,423 427
Textile mill products... 3,051 3,045 3,064 +0.2 -0.6 +0.2 3,107 3,046 3,011 22 3.5
Paper and allied products - : 71945 | 7903 | 7/895 06 | +12 | +15 8,032 8,028 7950 | 7939 +12
Chemicals and allied products ° ! 15,013 | 14888 | 14535 | +08] +24] +01 | 15022 | 14,794 | 14414 | 14/072 +68
Petroleum and coal products 3558 | 3,507 | 3,601 +15] 26] -12 | 3,453 339 | 3,500 | 3,612 44
Rubber and plastics products |. | | 6473 | 6426 | 6384] 40.7) 40.7) +11 6527 | 6464 | 6420 | 6,236 +47
Apparel, printing and publishing
and leather goods ............. 9614 | 9,666 | 9,832 5] -17 | 433 | 9484] 9,523 | 9,534 9,385 +11
WORK IN PROCESS
All manufacturing industries 146,265 | 145,499 | 145,823 | 40.5] -0.2 -0.1 | 146,493 | 144,103 | 140,881 | 138,728 45.6
Durable goods industries ......... 116,647 | 116,222 | 116,351 +04] 01 -0.2 | 117,020 | 114,965 | 112,133 | 111,858 +46
Stone, cay, and glass products . 3301 1291 1.251 +08 | 432 -10 1384 1266 3155, 11355 421
Primary metals -.. 22... 8,796 | 81972 8.873 20} +11 | +07 8,790 | 8.924 8,745 8,764 +03
Fabricated metal products". : 8,055 8,102 83138 0.6} -04 -05 7,967 | 8,025 7,945 7755 42.7
Industrial machinery and equipment’ | 23,563 | 23,203 | 23.610 | +16] -17 | +18 | 23,684 | 22,846 | 22/511 | 22/399 457
Electronic and other
electrical equipment . 15,910 | 15,603 | 15,434] +20] +11 | +15 | 15,963 | 15,402 ] 14,954] 14,914 +7.0
Transportation equipment . 44104 | 44,174 | 44,024 02} +03 44335 | 43.928 | 42,422 | 41:589 +6.6
Instruments and related produ 9.788 | 9814 | 91849 -03 4 7 9562 | 9.401 | 10,054 -2.9
Lumber, furniture and
miscellaneous durable goods . . 5,130 | 5,063 5.172 | +13 5,133 5,012 3,000 5,028 421
Nondurable goods industries . 29,618 | 29,277 | 29.472 | +12 29,473 | 29,138 | 28,748 | 26,870 49.7
Food and Kindred products 5,410 382 5,48 +05 401 5,610 816 987 483
Tobacco products . 156 137 126 | +13.9 156 149 133 218 | -28.4
Textile mill products 2,626 | 2,617 | 2,648 | +03 2625 | 2617 | 2,544 | 2,517 +43
Paper and allied produ 1,903 1,894 1866 | +0.5 1,909 1921 1851 1679 | +13.7
Chemicals and allied products * 8667 | 8497 | 8.477 | +20 81657 | 8391 8322 | 6.930 | +249
Petroleum and coal products 2556 | 2447 | 2544] +45 2520 | 2392 | 2381 2.768 -9.0
Rubber and plastics products | - 2246 | 2:231 2232 | +07 27296 | 2,263 2193 23180 453
Apparel, printing and publishing
and leather goods 6,054 | 6,072 | 6,093 03 5,909 | 5,795 5,508 5,591 45.7
FINISHED GOODS
All manufacturing industries 160,400 | 159,507 ] 158,855 | +06] +04] -08 | 162,615 | 158,119 | 153,550 | 156,461 $3.9
Durable goods industries 0... 2... 81,335 | 80,792 | 8025s] +07] +07 -0.8 | 82,945 | 79,995 | 76,654 | 80,287 433
Stone, clay, and glass products "574 | 4548 | 4537 | +06] +02] +03] 4.714 | 4560 | 4,405 662 +11
Primary metals -... - 8112 | 8.229 | 8.208 14] +03 | +06 | 8276 | 8300] 81122 0 42.4
Fabricated metal products |. . |, 10,748 | 10,542 | 10378 | +20] +16] -04] 10968 | 10356 | 91882 | 9.859 | +112
Industrial machinery and equipment 19,306 | 18,894 | 18,795 | +22] +05 -13 | 191990 | 19,037 | 18,128 | 19,245 +3.9
Electronic and other
electrical equipment . . 11,243 | 11,147 | 11,143 | +09 0.0 -14 | 11,316 | 10,934 | 10,496 | 11,272 +04
Transportation equipment - "399 | 9/008 | 8.981 12] +03 33 068 692 8,033 95606 -5.6
Instruments and related products 6697 | 6659 | 6.634 | +06] +04 03 6,620 | 6,371 6412 | 6424 3.1
Lumber, furniture and
miscellaneous durable goods .. . . 11,756 | 11,765 | 11,579 01] +16 11,993 | 11,745 | 11,176 | 11,135 47.7
Nondurable goods industries . 79,065 | 78,715 | 78,600} +04] +01 79,670 | 78,124 | 76,896 | 76,174 +4.6
Food and kindred products | 19,959 | 19,732 | 19,292} +12] +23 19,945 | 19,570 | 19,123 | 18,205 +9.6
Tobacco products 828 821 86 +10] -35 1020 998 957 1,010 +10
Textile mill products. | 4,682 | 4,644 | 4,592 | 408] +11 4745 | 4612 | 4,300 | 4,426 +72
Paper and allied products 6,586 | 6,591 6,618 -0.1 0.4 6,692 | 6,621 6.446 | 6.517 42.7
Chemicals and allied products 21996 | 21,722 | 21388 | +13] +16 22,540 | 21,713 | 21,403 | 21,099 +68
Petroleum and coal products 51164 53321 5,962 30 | -108 4988 | 5177 | 5,723 5.931 | -159
Rubber and plastics products 7309 | 7/876 | 7/826 09 | +06 8,068 | 7937 | 7.643 7/848 428
Apparel, printing and publishing
and leather goods .........5.. 12,041 | 12,009 | 12,054 | +03] -04 11,672 | 11,496 | 11,301 | 11,138 +48

? Preliminary. ‘ Revised.

See note at end of table 2 relating to survey error 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
Feb. Jan. Dec.] Jan] Dec.-|_ Nov.- Feb. Jan, Dec. Feb.} Feb.
1998" 1998" 1997] Feb.) Jan.]—‘Dec.] 1998” 1998" 197 1997] 98/97
All manufacturing industries . . . 542,895 | 545,555] 541449] 0.5] +08]  -0.2] $46,512] 547,790] 535,348] 528,959] +33
Manufacturing industries
without defense capital goods... . . 438,626 | 440,351] 437,272| -04] +07] 0.4] 441,482] 441,729] 431,363] 417,833) 45.7
Durable goods industries... . 517,235 | 519,608] 515,180] 0.5] +09) -0.2] $21,553] 522,614] 510,187] 504,426} +34
Stone, clay, and glass products . 6282| 6,459] 6,508) 2.7] 08] 04] 6418] 6,425] 6,245] 6,849] -6.3
Primary metals ...... . 33,856 | 33,898] 34,211 0.1 09} +03] 35,146] 34,387] 33,337] 30,884] +13.8
Blast furnaces, steel mills . . . 14.248| 14,201] 14472] +03] -19] 425] 14,980] 14,492] 13,892] 12,692] +18.0
Iron and steel foundries... .. 5672} 5572] 5,549] +18] +04] +19} 5,840] 5,574] 5.445} 4,657] #254
Nonferrous and other primary
metals... 22... + 13,936] 14,125] 14,190] 13] -05 14,326] 14,321] 14,000] 13,535] +58
Fabricated metal products ........ | 27,250] 27,269] 27,049] -0.1] +08 27238| 27,174] 26,718] 25,085] +8.6
Industrial machinery and equipment . | 73,085] 72,653] 72,840] +06] 0.3 74377| 73.748] 72.908] 74,661 -04
Engines and turbines .......... 11,848] 11,776] 11,711 +0.6 +0.6 2.0] 12,042] 12,238] 12,284] 12,694 “5.1
Construction, mining and
material handling equipment 10,906} 10,577} 10,559] #31] 40.2] 42.9] 11,292] 10,817] 10,378] 9,237] +22.2
Metalworking machinery : , 7169] 7,145] +19] +03] 5.7] 7304] 7,169} 7,145] 8,609] -15.2
Computer and office equipment . . . 7978| 7,960] 7,942{ +02] +02] -19] 7.868] 7,682] 7,727] 9,713] -19.0
Electronic and other
electrical equipment ......... 56,516] 56,630] 55,037 0.2 42.9 0.0] 57,423] 57,721] 52,861] 54,172 +6.0
Electrical transmission and
distribution equipment and
industrial apparatus ........... 6306] 6,273} 6,394 -19] 43.1 6,407] 6,256] 6,221 6.724) -4.7
Electric lighting and
wiring equipment . ........ 3,063] 4,840] 4,823 +04] +409] 5,063} 4,840] 4,823] 4,471] +132
Communications equipment . . 15871] 15,507] 14.278 486| 33] 15,891] 15,500] 14,301] 13,569] +171
Electronic components . ++ | 23,102] 23,909] 23,305 42.6] +09] 23,685] 24,864] 21,699 23,493] +0.8
Transportation equipment ........ 262,607] 264,481 | 261,370 +12] 0.3] 263,303} 265,307] 260,725] 258,367] +19
Aircraft, missiles,
space vehicles, and parts, .. . . 227,384] 229,030] 226,033] -0.7| +13]  -1.1] 227,809] 229,718] 225,592] 225,612] +1.0
Shipbuilding and tanks ..... 18,3831 18,625] 18,536 +0.5 +6.0] 18,355] 18,562] 18,420} 18,982 33
Instruments and related products . . 48,699] 48,998) 48,843 +03 $0.9] 49,213] 49,152] 48,944] 47,398 43.8
Search and navigation equipment 28,285] 28,465] 28,578 -0.4 +0.5| 28,601 28,641 28,804] 28,177 +15
Measuring and controlling devices . 10,174] 10,303] 10,144 +16} 422] 10,174] 10,303] 10,144] 9,970] +2.0
Medical instruments and supplies 8.464] 8,386] 8,308 +09] +18] 8,767) 8.584] 8,312] 8,060] +88
All other durable goods . . 8.940] 9.220} 9,322 ll] 425] 8.435] 8,700] 8,449) 7,010] +203
Nondurable goods industries . . . . 25,660] 25,947] 26,269 ll 12 -0.2| 24,959] 25,176] 25,161] 24,533 +17

? 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
Feb. Jan.| Dec. | Jan-| Dec-| Nov.-| Feb.| Jan} Dec.] —Feb.| Feb.
1998" | 1998} 1997] Feb.] Jan.} Dec.} 1998] 1998} 1997] 1997] 98/97] 19987 | 1997
All manufacturing industries... . . 334,838) 337,758] 335,807} -0.9] +0. -2.6] 334,011] 312,077} 331,552| 326,107] +2.4] 646,088] 626,820
Manufacturing industries
with unfilled orders ........ + +| 189,889] 193,468] 189,470] -1.8] +2.1) -5.2) 189,575] 178,894] 193,840] 183,037] 43.6] 368,469} 349,563
without defense capital goods .... . | 329,192) 330,220 328,876] -03] +04) -2.9] 328'274 304,686] 321,615] 320,503]  +2.4] 632,960] 615.903

Durable goods industries
With unfilled orders... 1...
Stone, clay, and glass products
Primary metals
Blast furnaces, steel mills
Tron and steel foundries.
Nonferrous and other primary
metals 7,363) 7,497/ 7,021] -1.8| +68) -5.5]_7,679] 7,398] 6,986] 8,135] -5.6] 15,077] 15,573
Fabricated metal products. . 19,893) 19,457) 19,321] +2.2} +0.7] -0.5] 20,196] 17,904) 18,005} 19,224] +5.1| 38,100] 36,475
Industrial machinery and equipment . | 36,414] 35,436 34,635] +28 +2.3| +1.8) 36,075] 31,008] 36882] 32,886( +9.7] 67083] 61.244
Engines and turbines ..........] 2044] 1,972] 1,693] +3.7] +16.5) -173) | 1,782) 11528] 2,158) 1900} -62| 3310) 3197

Construction, mining and
4,405 4,078) 4,294) +8.0) 5 +13] 4,807] 4,117 4321 3,963) +213 8,924 7,697

material handling equipment... .
Metalworking machinery ..... 3,528] 3,471] 3,018) +1.6) +15. 9. 3,362] 2,702} 3,179} 3,343] +06 6,064] 6,032

185,356] 187,481} 184,456] -1.1]  +1.6 — -5.3} 187,721] 172,456] 185,598] 181,281 +3.6) 360,177) 344,506
155,427] 151,007] -2.0]  +2.9] — -6.9] 152,680] 143,627] 156,116] 147,540] +3.5| 296,307) 280,904
7,796 7,789] +01] +0.1)  +3.8} 7,379{ 6,926] 6,767, 7,068) +44 14,305] 13,516
15,065} 15,362] +2.8] -1.9]  -3.51 16,713} 15,686] 14,936] 16,619} +0.6 32,399] 32,500
6,016] 6,656} +5.7] 9.6] -0.8) 7,020] 6,732] 6,394] 6,806 43.1 13,752} 13,717
1,766} 1,552) 1,685] +13.8] 79 -4.9) 2,014] 1,556] 1,556 1,678} +20.0 3,570 3,210

Computer and office equipment ...| 10,143] 9,826] 9.471] 432] +37 +9.4| 9,097) 7,391] 12,293] 7,613] +19.5] 16,488] 13,997
Electronic and other
electrical equipment ...... +++] 30,878) 31,211] 30,583) 1.1] +21] +3.5[ 29,896] 29,913] 31,719] 30,075] —-0.6] 59,809] 57,047

Electrical transmission and
distribution equipment and
industrial apparatus . .
Electric lighting and

wiring equipment ......... . 2,185 2,264) +92 3.5] +55] 2,462] 1,935] 2,368] 2,109] +16.71 4,397] 4,047
Communications equipment 7,970) 6,184) -7.3] +28.9) -2.7] 6.814] 6,163] 9,130] 6,462] +54] 12:977] 10,808
Electronic components . . .. 12,339] 12,784] 4.3] -3.5] +49} 11,343] 13,839] 11,356] 12,746] 11.0] 25,182] 24.935

Transportation equipment . . . . 45,752) 42,776) -7.8] +7.) -22.2| 45,236] 41/970] 43,892) 43,285 +45] 87.206] 83,604

Aircraft, missiles,
space vehicles, and parts.
Shipbuilding and tanks...

bane 3,647 3,367} 3,595] +83 6.3) +5.6) 3,854) 3,069} 3,444) 3,431} +12.3 6,923 6,468

14,552) 8,330) -32.8) +74.7} -61.6 9,185] 12,948] 12,730] 9,119] +0.7 22,133 18,979
919) 1,885] -34.6]  -51.2] +91.8) 659) 7491 2,043; 423) +55.8 1,408 1,024

Instruments and related products ... . 13,252} 13,514] 14,046) -3.8|  +2.2) 13,500] 12,006] 15,559] 13,708) -15 25,506] 25,322
Search and navigation equipment. 2,646) 2,680) 2,815 4.8) 43.8) 2,914) 2,285] 3,700] 3,414] -14.6 5,199 5,383
Measuring and controlling devices . 3,880} 4,063) 4,159} -4.5 -23] +48) 3,833) 3,627] 4,427 3,827 +0.2 7,460 1,273
Medical instruments and supplies 4,422) 4,445) 4,584] -0.5 3.0) +3.4) 4,489) 4,208) 4,876} 4,091 +9.7 8,697 8,283

All other durable goods... . oe 19,431} 19,250] 19,944) +0.9] 3.5] +1.8) 18,726} 17,043} 17,838] 18,416} +17 35,769] 34,798

Nondurable goods industries .
With unfilled orders

149,482] 150,277} 151,351 -0.5 0.7] +0.8) 146,290] 139,621] 145,954] 144,826] +10] 285,911] 282,314
37,561] 38,041] 38,463} -1.3 -1.1] +2.0) 36,895] 35,267] 37,724] 35,4977] $3.9 72,162] 68,659

* 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 doll:
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 erro
which includes errors of coverage, response, and nonreporting. Since the survey panel is not a probability sample, estimates of sampling error cannot be calculated, Furth
details on survey design, methodology, and data limitations are contained in our most recent annual benchmark publication, Current Industrial Reports: M3-1(96
"Manufacturers’ Shipments, Inventories, and Orders: 1987-1996."


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

Seasonally adjusted

‘Not seasonally adjusted’

Monthly Percent Change Monthly Percent Year to date
Industry change
Feb.| Jan.| Dec. | Jan-| Dec.-| Nov.-| Feb.] _Jan,}  Dec.| Feb. | Feb.
1998] 1998'| 1997] Feb.] Jan.] Dec.] 19987} 1998} 1997] 1997] 98/97] 1998" | 1997
All manufacturing industries .. . . . 337,498) 333,652] 336,734) +12] 0.9] +1.1] 335,289] 299,635] 333,515] 320,523] +4.6] 634,924] 610,080
Manufacturing Industries
with unfilled orders ....... - | 192,549] 189,362} 190,397] +1.7]  -0.5]  +1.3) 190,853] 166,452] 195,803] 177,453] +7.6| 357,305] 332,823
without defense capital goods . . . | 330,917] 327,141] 330,454] +1.2] 1.0) +1.4] 328,521] 294,320] 326,286] 314,023) +4.6] 622,841] 598,611
Durable goods industries 187,729] 183,053) 185,337] +2.6) -1.2)_ +1.4] 188,782] 160,029] 187,338] 175,478]  +7.6) 348,811] 327,654
With unfilled orders... . 154,701 150,999] 151,888] +25] -0.6)  +1.1] 153,741] 131,200) 157,856] 141,737] +85] 284,941] 264,052
Stone, clay, and glass products 7,978] 7,845] 7,812] +1.7) +04) 43.3) 7,386} 6,746] 6,764} 6,966] +60] 14,132) 13,244
Primary metals. 15,532] 15,378] 15,261] +1.0) +08] 0.5] 15,954] 14,636] 14,067] 15,664] +19] 30,590] 30,054
Blast furnaces, st 6,314] 6,287] 6,303] +0.4 42.21 6,532) 6,132] 5,798] 6,470] +1.0] 12,664] 12,560
Iron and steel foundries. 1,666] 1,529] 1,582) +9.0] -3.4) 44.91 1,748] 1,427] 1,331] 1,491) 417.2] 3,175] 2,845
Nonferrous and other Primary
metals 7,552 7,562) 7,376] -0.1] +2.5]  -3.7] 7,674! 7,077] 6,938] 7,703] -0.4) 14,751] 14,649
Fabricated metal products -} 19,912) 19,237] 19,364] +35] -0.7] +0.3] 20,132] 17,448} 18,001] 18,759} +73] 37,580] 35,620
Industrial machinery and equipment. | 35,982] 35,623) 35,507| +10] +03) +43} 35,446| 30.168/ 38,409] 31-740] +117] 65:614| 58,747
Engines and turbines --} 1972] 1,907] 1,933] +34] -1.3] -0.5] 1,978) 1,574] 2,468] 1,746] +13.3] 3,552] 3,204
Farm and garden machinery 2,119] 2,149} 2,079) -1.4) +34] 422.6 2,500] 1,928) 1,580} 2,208} +13.2] 4,428} 3,904
Construction, mining and
material handling equipment . 4,076] 4,060] 4,001] 40.4) +15] +07] 4,332] 3,678) 3,922} 3,890] +114) 8,010] 7,089
Metalworking machinery 3,393} 3,447| 3,450] -1.6]-0.1) +12) 3,227] 2,678] 3,611] 3,127] #3.2] 5,905} 5,633
Computer and office equipment ...| 10,125] 9,808] 9,622] +32) +19] 49.1] 8911! 7,436] 13,021] 7,494] +189] 16,347] 14,065
Electronic and other
electrical equipment ........... 30,992] 29,618] 30,605] +46] -3.2} +1.5! 30,194] 25,053] 34,038] 27,527) +9.7] 55,247] 50,737
Electrical transmission and
distribution equipment and
industrial apparatus . 3,614} 3,488] 3,404] +3.6{ +25] +1.6f 3,703) 3,034] 3,338] 3,253] 413.8] 6,737] 6,046
Household appliances . 2,200} 2,152} 2,262] 42.2] 4.91 45.0, 2,095] 1,743] 2,167] 1,917) +93] 3,838] 3,518
Electric lighting and
wiring equipment ... . 2,163} 2,168] 2,220] 0.2] -2.3] +19} 2,239] 1,918] 2,324) 2,161] +3.6] 4,157] 3,990
Household audio and
video equipment ......... 1,347] 1,337] 1,437] 40.7] -7.0) +49) 1,218] 1,040] 1,393] 1,184] 42.9] 2,258] 2,197
Communications equipment 7,023} 6,741| 6,672) +4.2| +10] +32] 6,423) 4,964] 9,590] 5,484] +17.1] 11,387] 9,639
Electronic components. 12,614] 11,735} 12,577] +7.5] -6.7} +1.2} 12,522] 10,674) 13,231] 11,371] +10.1] 23,196] 21,203
Transportation equipment . . . 44,071] 42,641) 43,447] 43.4) -1.9]-1.0) 47,240] 37,388] 43,123] 43,854] +7.7] 84,628} 80,972
Motor vehicles and parts . 29,872] 28,559] 29,872} +46) 4.4] +0.3] 33,354 26,465] 26,449] 31,882) +4.6] 59,819] 59,899
Aircraft, missiles,
space vehicles, and parts. 11,422] 11,555] 10,742) -1.2) +7.6)  -4.2) 11,094] 8,822] 13,834] 9,181] +208] 19,916} 16,276
Shipbuilding and tanks ...... 843] 830] 829] +16] 40.1) -8.0] 866) 607] 1,038] 897] -3.5] 1,473] 1,495
Instruments and related products .... | 13,551] 13,359] 13,625] +14] -2.0) +2.7) 13,439] 11,798] 14,550] 12,736] +5.5] 25,237] 23,736
Search and navigation equipment 2,826 2,793) 2,686] -+1.2] 44.0, +35] 2,954] 2,448] 2,850] 2,643) +118} 5,402] 4,823
Measuring and controlling devices .| 4,009} 3,904] 3,939] 42.7] -09]  -1.1] 3,962) 3,468] 4,207] 3,847] +3.0/ 7,430] ~—7,050
Medical instruments and supplies .] 4,344] 4,367| 4,437] -0.5| -1.6] +34] 4,306) 3,936] 4,888} 4,044) +65] 8,242] 7,649
Photographic goods . : 1,895} 1,824) 2,075] +3.9] -12.1) +7.0f 1,770] 1,516] 2,131] 1,794) 1.3] 3,286] 3,394
All other durable goods 19,711] 19,352] 19,716] +19] -1.8} +1.9} 18,991] 16,792] 18,386) 18,232] +4.2] 35,783] 34,544
Nondurable goods industries . 149,769] 150,599] 151,397] -0.6] _-0.5|_ +0.9| 146,507] 139,606] 146,177] 145,045] +1.0] 286,113] 282,426
With unfilled orders . 37,848] 38,363} 38,5091 -13] -0.4] 42.1] 37,112] 35,252] 37,947] 35,716] +3.9] 72,364] 68,71
Food and kindred products 41,812) 42,003) 41,172) -0.5]  +2.0] +1.0] 40,551] 39,149] 40,656] 38,721] +4.7| 79,700] 75,724
Meat products : 9,050} 8,990] 8,832) +0.7] +18] +04) 8,793] 8,281] 8,740] 8,618] +2.) 17,074] 16,702
Dairy products . 6,041} 5,825] 5,352) $3.7) +8.8] 44.8) 5,950] 5,731] 5,322) 4,787] #243] 11681] 9,684
Beverages . . -| 6,064] 6,222] 6,162} -2.5] +1.0f  +0.6f 5,409] 5,313] 5,748] 5,214] -+3.7] 10,722] 10,030
All other foods, except fats and oils | 18,472] 18,857] 18,446) -2.0| +22} -071 18.2141 17,715} 18,466] 18,050] +09] 35,929] 35,240
Tobacco products... . -{ 3,517] 3,286] 3,217) +7.0) 42.1) -6.7] 3,467} 2,924] 3,148] 2,848) 421.7] 6.391] 5,897
Textile mill products . . 6,844] 7,122] 6,887] -3.9) +34) -0.4) 6,625] 6,154} 6,240 6,681] -0.8) 12,779] 12,454
Broadwoven fabrics and
other textiles 4,176] 4,329] 4,211] -3.5] 42.8) 40.2) 4,130] 3,842} 3,975] 4,165] = -08] 7,972] 7,813
Paper and allied products 13,945] 14,159] 14,380) -1.5] -1.5] 43.4) 13,928] 13,614] 13,963] 13,382) +4.1] 27,542) 26,151
Pulp, paper, and
paperboard mill products ...... 5,544] 5,569] 5,600] -0.4] +0.7} 5,503] 5,320] 5,523] 5,266] +45] 10,823] 10,249
Paperboard containers and boxes . 3,427] 3,538] 3,744) -3.1 +6.71 3,455] 3,427] 3,510] 3,288] 45.1] 6,882] 6,471
Miscellaneous converted
Paper products............... 4974] 5,052] 5,036] -1.5] +0.3] +4.1] 4,970} 4,867) 4,930) 4,828] -+2.9] 9,837] 9,431
Chemicals and allied products -| 32,555] 32,600) 33,034) -0.1] = -1.3) +1.5] 32,064) 31,181} 32,087) 32,143] 0.2] 63,245) 63,151
Industrial chemicals... ... 15,464] 15,749] 16,059} -1.8} -1.91 -0.1] 15,636] 15,014] 15,149] 16,390] -4.6] 30,650] 31,350
Drugs, soaps, and toiletries 12,889] 12,651} 12,7771 +191 1.0} +2.6) 12,295] 12,452) 13,542] 11,924) 43.1] 24,747] 24,594
Petroleum and coal products . 13,175] 13,467] 14,205] -2.2) -5.2} -3.9] 12,148] 12,319] 14,025] 14,822] -18.0] 24,467] 29,813
Rubber and plastics products. 12,558] 12,570} 13,010] -0.1) -3.4) +3.3) 12,667] 11,673) 11,587] 12,441] +1.8] 24,340] 23,845
Alll other nondurable goods... ... . 25,363) 25,392} 25,492] -0.1] 0.4) +14) 25,057] 22,592] 24.471) 24,007} +4.4] 47,649] 45,391

? Preliminary. "Revised.

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