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

Seasonally adjusted Not seasonally adjusted
Industry Monthly Percent Change Monthly Percent
change
Dec, Nov. Oct.] Nov.-] Oct] Sept- Dec. Nov. Oct. Dec.} Dec.
1993” 193° 1993} Dec.| Nov.) Oct.] 1993" 1993" 1993 1992} 93/92
All manufacturing industries ..... | 377,941] 380,181] 380,301 -0.6 0.0}  -0.1] 371,102] 380,579] 381,337] 372,987} -0.5
Manufacturing industries
with unfilled orders a 249,443] 251,016] 251,024 06 0.0 0.1] 242,979] 250,784] 251,455} 246,019 12
without defense capital goods ..... | 351,207] 352,574] 352,773 04) 0.1 0.0] 345,489] 352,796] 353,563] 343,998] +04
Durable goods industries... . 236,370 | 237,886 | 237,632 +0.1 0.0} 231,082] 238,373} 238,113] 232,600 0.7
With unfilled orders ......... 216,112] 217,758] 217,742 00 0.0] 210,731} 218,139] 218470] 214,077] -1.6
Stone, clay, and glass products : 7,493 7,518 7,594 -1.0 0.1 7,351 7,340 7,365 7,651 3.9
Primary metals ...... vee 19414] 19.277] 19,328 03{ +05] 19,409] 19,246] 19,452} 19,409 0.0
Blast furnaces, steel mills 9463] 9,473] 9,470 00} +11 9,728] 9,578] 9,517] 9,991 2.6
Iron and steel foundries... . .. 1399] 1,406 1,406 oof +11 1377] 1373 1382 1387] -0.7
Nonferrous and other primary
metals... eee eee eee 8,552] 8398] 8.452] +18] 06] 03] 8304) 8,295] 8553] 8031] +34
Fabricated metal products. . . 23,206] 23,045] 23,139 40.7 04 0.5} 22,765] 22,719] + 22,874] = 22,910 0.6
Industrial machinery and equipment 46,072| 46,005] 45,828] +01] +04] +08] 44,947] 46,642] 46,455] 44,306] +14
Engines and turbines... . . . 3442| 3,545] 3,564] 29] 05] +12] «= 3,090] 3,747] 3,733] 3,177] -2.7
Farm and garden machinery .... . 2,487 2,523 2,367 14 +6.6 +4.8 2,584 2,578 2,289 2,441 $5.9
Construction, mining and
material handling equipment ... . 5,586] 5,671 5,733 “15 “Ll 07] 5,480] 5,613 5,677| 5,806] -5.6
Metalworking machinery 5.228] 5,203] 5,187] +05] +03} +07) soso] 5,243] 5,251 5072] -0.4
Computer and office equipment . . 10,945] 10,756] 10,681] #18] = +0.7] +03] 10,595] 11,136] 11189] 9,814] +8.0
Electronic and other
electrical equipment. . . 33,647] 33,823] 33,920] 0.5] +09] +10] 32,587) 33,523] 33,379] 30,426] -+7.1
Electrical transmission and
distribution equipment and
industrial apparatus . . . : 4200} 4,282} 43101 =-19] 06] = -03] 9 4,051] 4,284) 4,290] 4,234) -43
Household appliances ........ 2,607 2,575 2,548 +12 +d 42.4 2,406 2,449 2,431 2,188]  +10.0
Electric lighting and
wiring equipment 2,916] 2,879] 2,809) +13) +25] -14] 2,785) 2,864) = -2,825) 2,738] +17
Household audio an
video equipment .. .... 1,033 1,030 1,014 +16] 3.6 969 975 1,025 1,027] -5.6
+14] 43.1 8895] 9,150] 8974] 7,382] +205

‘Communications equipment wee 9,093 9,172 9,048
Electronic components . . 10,637 10,696 10,529
Transportation equipment 61,479 63,178 63,002
Motor vehicles and parts . 11,422] 11343] 11,391
Aircraft, missiles,

+16 +23 10,446 10,680 10,573 9,539 49.5
+03 13 60,025 64,082 63,385 65,239 8.0
04 0.2 11,458 11,767 11,666 11,260 +18

space vehicles, and parts. ...... | 46,001] 47,671] 47,431 35) +05 -18] 44,574] 48,196] 47,667} 49,800] -10.5
Shipbuilding and tanks ....... 1,565 1,636 1632] 43] +02] +26] 1,491 1,600 1,574] 1,766} -15.6
Instruments and related products... . 22,244] 22,317] 22,604 03 13 +04] 21,487] 22,364] = 22,718] == 22,474 44
Search and navigation equipment 5,855] 5,801 6016] +09] -36] +06] 5,621 5815] 6,123] 6,430] -12.6
Measuring and controlling devices . 6483| 6533] 6562] -08] -04] +10} 6334] 6537] 6,554) 6,460] -2.0
Medical instruments and Supplies . 6,195 6,232 6,249 0.6 03 0.3 6,059 6,283 6,279 6,209 24
Photographic goods . . os 2,894 2,928 2,950 12 0.7 -0.7 2,677 2,920 2,954 2,630 +18

All other durable goods 22,815 22,723 22,617 +04 +0.5 +10 22,511 22,457 22,485 20,185 +115

Nondurable goods industries 141,571 142,295 | 142,669 0.5 03 -0.3} 140,020] 142,206] 143,224] 140,387 03

With unfilled orders .. . oe 33,331 33,258 33,282 +02 0.1 03 32,248 32,645 32,985 31,942 +10
Food and kindred products . 30,039] 29,937] 29,919 +03 +0.1 +031 30,445] 31,377] 31,524] 30,038 +14
Meat products . . er 3194] 3,114] 3,155] 42.6 -13 -14] 3,053] 3,176] 3,175] 2,762) +10.
Dairy products . 2,732 2,753 2,772 08 0.7 +12 2,554 2,666 2,754 2,516| +15
Beverages... . 5,323 5,358] 5,305 07) +10) +01 5,339] 5,428 5371 5326] +02
All other foods, except fats and oils 17121] 17,203] 17,141 05] +04 0.0} 17,703] 18,447} 18,551] 17,938] . -13
Tobacco products... . vase 6429| 6.611 6588} 28] = +03 -17] 6,525 6,558] 6,635 6847] 4.7
Textile mill products ....... . 9489} 9,400] 9262] +09} +15} +06] 9,047] 9,122] “9,085 8684] +42
Broadwoven fabrics and
other textiles 0.2.0... 0.0.0. 5,344] 5,315 5.251] +05} +12] +07 5,146 5,245 5,173 5,096] +10
Paper and allied products... . 13,543] 13,520] 13,579] +0.2 04 02) 13384] 13,322] 13,302] 13,261] +09
Pulp, paper, and
paperboard mill products. 5,797} 5,802] 5,809 0.1 0.1) +03 5,756 5,702 5,695 5511] +44
Paperboard containers and boxes 327 3,156] 3,197 0.9 13] +03] 3,152] 3,091 3,106} 3,275 38
Miscellaneous converted
Paper products ............ . 4619] 4,562] 4,573 0.2 10] 4,476] 4,529] 4,501 4,475 0.0
Chemicals and allied products : 34,285] 34,513 | 34,691 -0.5 0.9} 34,135] 34,406] 34,372] 34,811 -19
Industrial chemicals ........... 16,721] 16,836} 16,981 09 09} 16,788} 16,641] 16,725} 17,401 35
Drugs, soaps, and toiletries 13,236] 13,387] 13,405 0.1 -13| 12,905] 13,481] 13,424] 12,958 0.4
Petroleum and coal products . . . . 9905] 10,406} 10,649 23 03} 9,667] 10,657] 10,947) 11,248] -14.1
Rubber and plastics products 12,186] 12,231] 12209 +02| +01) 12,225] 12,168] 12,002] 11,861] +3.1
All other nondurable goods . . 25,695] 25,677] 25,772 04| -04| 24,592] 24596] 25,357] 23,637] -++4.0

* Preliminary. ' Revised.
See note at end of table 2 relating to survey variability.


10 Total Manufacturing
New Orders and Shipments

Three Month Moving Averages
Billions of Dollars

300 300
New Orders
280} - ------ er Shipments |-1 280
260 260
240 240
220F----------- rrr rrr rr rd 220
200 1 1 it 1 1 1 L 1 1 i 1 1 L 200
Dec Feb Apr Jun Aug Oct Dec Feb Apr Jun Aug Oct Dec
Dec. 1991 - Dec. 1993
Total Manufacturing
Ratio of Unfilled Orders and
Inventories to Shipments

V/S Ratios UO/S Ratios
2.5 4.3
24F------- rrr cr rrr rrr re vos }-] 4.2
2.3 “ws (441
2.2 4
2.1 3.9

2 3.8
1.9 3.7
1.8 3.6
1.7 3.5
1.6 3.4
1.5 3.3
1.4 3.2
1.3 3.1
1.2

3
Dec Feb Apr Jun Aug Oct Dec Feb Apr Jun Aug Oct Dec
Dec. 1991 - Dec. 1993

Note: All Charts based on seasonally
adjusted current dollars.


Table 6. VALUE OF MANUFACTURERS’ UNFILLED ORDERS AND TOTAL INVENTORIES
FOR TOPICAL SERIES'
(Mil

ions of dollars)

Seasonally adjusted

‘Not seasonally adjusted

Industry Monthly Percent Change Monthly Percent
change
Dec. Nov. Oct. = | Oct- | Sept- Dec. Nov. Oct. Dec. | Dec.
1993" 1993" 1993 | Dec. | Nov. | Oct. 193° 1993" 1993 1992 | 93/92
UNFILLED ORDERS
All manufacturing industries 442,111 | 445,319 | 448,120 07 0.6 0.5 | 438,528 | 440,967 | 444,710 | 472,186 71
Market categories :
Automotive equipment ....... 1,895 1,852 1,792} +23] +33 1,865 1,850 1,803, 1,584 | +17.7
Home goods and apparel 9,944 9,916 9,852 +03 +0.6 8,557 8,940 9,709 8,591 04
Consumer staples . . . 1,433 1,409 1403 | +17] +04 1,479 1,400 1,423 1439 +28
Machinery and equipment . . 180,955 | 182,976 | 183,371 “ll 0.2 180,401 | 182,630 | 182,899 | 197,505 87
Business supplies 5,470 | 5,439 | 5,491 | +06] -09 5377 | 5,294 | 5,429 | 5,689 55
Construction materials
and supplies 14,206 | 14,347 | 14,298 10] +03 12 | 13,893 | 13,981 | 14,132 | 14,327 3.0
Defense products ............ 110,217 | 111,386 | 113,384 10] -18 -1.9 | 111,009 | 111,090 | 112,451 | 123,336 | -10.0
Other materials, supplies and
and intermediate products .... . . 117,991 | 117,994 | 118,529 00] 05} +07 | 115,947 | 115,782 } 116,864 | 119,715 3
Durable goods industries :
Nondefense capital goods ° . . 197,850 | 199,464 | 199,913 08 | 02] -04 | 197,586 | 199,423 | 199,601 } 217,184 9.0
Excluding aircraft and parts 76,015 | 74,319 | 73,786 423 40.7 +18 | 75,751 | 74,278 | 73,474 | 70,260 +78
Defense capital goods * 116,721 | 117,709 | 119,560 08 | -15 -19 | 117,207 | 117,278 | 118,651 | 129,780 97
Durables excluding capital goods 106,075 | 106,817 | 107,507 07] 06 1.5 | 103,148-}° 103,755 | 105,500 | 103,161 0.0
Miscellaneous series :
Producers’ durable equipment 207,871 | 209,881 | 209,784 “1.0 0.0 | +02 | 206,205 | 208,840 | 209,291 | 218,374 -5.6
Household durable goods ....... 5,754 5,638 | 5,593 | +21] +08] +09] 4917] 5,043 5,446 | 4,426 | +111
Information technology industries . | 32,393 | 32,618 | 31,795 0.7 +2.6 +14 | 32,086 | 32,799 | 31,870 | 31,116 +31
Health care equipment
and products ............... 7513 7,804 | 7,930 37] 16] +25] 7,512 | 7,805 7930 | 8451} -111
TOTAL INVENTORIES
All manufacturing industries... . . 377,941 | 380,181 | 380,301 0.6 0.0 0.1 | 371,102 | 380,579 } 381,337 | 372,987 05
Market categories :
Automotive equipment . . . 6,049 | 6,058 | 6,095 0.1 06) 11 6,024 | 6,181 6,094 | 5,966 +10
Home goods and apparel 30,674 | 30,542 | 30580] +04] -01 | +02] 29,453 | 29121 | 29,787 | 27,542 +69
Consumer staples... .... $7,659 | $8,200 | 58,333 09} 02] 06] 57,427 | 59,575 | 59,993 | 58,568 -19
Machinery and equipment 87,807 | 88,657 | 88,611 10] +0.1 | +04 | 85,439 | 89,571 | 89,097 | 85,557 0.1
Business supplies iia | 21152 | 21,226 02] 03 04 | 20,491 | 21,033 | 21,327 | 20,938 21
Construction materials
and supplies. 23,981 | 23,925 | 23,709 | +02] +09] +01 | 23,489} 23,558 | 23,442 | 22,194 +58
Defense products . 25,395 | 26,212 | 26,103 31] +04 -19 | 24,482 | 26,309 | 26,302 | 27,396 | -10.6
Other materials, supplies and
and intermediate products . 125,262 } 125,435 | 125,644 OA} 02} 40.1 | 124,297 } 125,231 } 125,295 | 124,826 04
Durable goods industries :
Nondefense capital goods * 82,269 | 83,134 | 83,207 J 0.1 +03 | 79,978 | 83,991 83,839 | 80,968 12
Excluding aircraft and parts 56,324 | 56,368 | 56,326 .. 40.1 40.9 | 54,563 56,924 | 56,887 52,709 43.5
Defense capital goods * ++ | 26,734 | 27,607 | 27,528 32] +03 -19 | 25,613 | 27,783 | 27,774 | 28,989 | -11.6
Durables excluding capital goods 127,367 | 127,145 | 126,897 | +02] +02] +03 | 125,491 | 126,599 | 126,500 | 122,643 423
Miscellaneous series :
Producers’ durable equipment 141,870 | 142,600 | 142,642 05 0.0} +02 | 138,471 | 143,316 | 143,177 | 137,783 +05
Household durable goods... ... 13,504 | 13,483 | 13,503 | +02] -01 | +06 | 12,936 | 13,076 | 13341 | 12,222 +5.8
Information technology industries 30,354 | 30,339 | 30,233 0.0 +0.4 +0.9 | 29,387 | 30,759 | 30,696 | 27,428 47.1
Health care equipment
and products ............... 13,382 | 13,500 | 13,526 09] 02 -08 | 13,070 | 13,601 | 13,565 | 13,245 13

See footnotes at end of table 5.

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


Table 5. VALUE OF MANUFACTURERS’ SHIPMENTS AND NEW ORDERS
FOR TOPICAL SERIES'
(Millions of dollars)

Seasonally adjusted

‘Not seasonally adjusted *

Monthly Percent Change Monthly Percent Year to date
Industry change
Dec.| Nov.] Oct. Nov.- | Oct-] Sept-] Dec. Nov.] Oct.] Dec.] Dec.
1993"] 193°] 1993] Dec. | Nov.] Oct.) 1993"} 193°] 1993] 1992] 93/92] 1993" | 1992
SHIPMENTS
All manufacturing industries ..... 269,227] 265,574] 260,471| +14] +2.01 +01] 263,009] 266,399] 272,140] 249,356] — +5.5}3,102,281 [2,934,126
Market categories :
Automotive equipment . . . 13,344] 12,911] 12,485] 43.4] 43.41 +4.0) 11,451] 13,163] 14,241] 9,623] +19.0] 143,719] 120,542
Home goods and apparel 17,949] 18,139} 18,097] 1.0] +0.2]  +0.4] 15,310] 19,283] 20,484] 14,713] +4.1) 211,501] 189,486
Consumer staples .....] 57527} $6,733] 56,906] +14] -0.3]  -0.7|_ 57,840] 57,370] $8,792] 57,361] +0.8} 683,901] 664,652
Machinery and equipment .......| 48,592] 46,678] 44,675] +4.1] +45] +1.2| 52,797] 46,293] 45,245] 46,473] +13.6] 530,385} 481,104
Business supplies .......... 19,423] 19,4811 19,461] -0.3] +0.1] 0.0. 18,800 19,929] 20,856] 19,019] -1.2} 233,984) 229,625
Construction materials
and supplies ........... 17,619] 17,424] 16,819] +1.1]  +3.6]  +0.5| 15,801] 17,005] 17,856] 14,347] +10.1] 198,691] 184,055
Defense products... . 6.987] 7,400] 7,919] -5.6] -6.6  +2.0, 8,352] 7,683] 7,801) 9,794) -14.7| 91,466] 97,482
Other materials, supplies and
and intermediate products . . . . 87,786} 86,808] 84,109] +1.1] +3.2]  -0.6 82,658] 85,673] 86,865] 78,026]  +5.9] 1,008,634] 967,180
Durable goods industries :
Nondefense capital goods? . . . 36,980| 35,327] 33,704] +4.7| +48] +1.01 42,991] 34,560] 32,527] 38,185] | +12.6) 402,408) 374,380
Excluding aircraft and parts . 31,335) 30,571] 28,681] +2.5| +66] +0.2) 35,806] 30,000] 27,839) 30,221] +185] 337,567] 299,945
Defense capital goods‘ ........] 6622} 7,023] 7,600] -5.7] -7.6 +1.1| 8,248] 7,421] 7,467} 10,010] -17.6] 88,319] 95,953
Durables excluding capital goods . | 102,400] 100,315] 96,849] +2.1] 43.6 +0.2| 93,699] 100,752| 104,247] 83,646] | +12.0] 1,141,055 ]1,036,299
Miscellaneous series :
Producers’ durable equipment 94,358] 91,717] 88,181] +29] +4.0f +1.1] 95,036] 92,053] 92,639] 83,563] +13.7] 1,039,786] 937,205
Household durable goods . . -| 7,684] 7,711) 7,544) -0.4] +22) 0.8} 7,066] 8,243] 8,446] 6,757] +4.6] 89,221] 83,088
Information technology industries . | 17,307] 16,441] 15,859} +5.3] +3.7| +11] 21,242] 16,422) 14,979] 17,688) +20.1] 185,121] 165,743
Health care equipment
and products ........... 8,848] 8,562} 8,369} +3.3] +23] 0.0 9,146] 8,353] 8,305] 8,630] -+6.0] 99,198] 94,653
NEW ORDERS
All manufacturing industries 266,019] 262,773] 258,270] +12] +1.7]  +1.2} 260,570] 262,656] 268,794] 250,087} +4.2} 3,068,623 }2,898,545
Market categories :
Automotive equipment .. . 12,971] 12,546] +32] +34) +4.6 11,467] 13,210] 14,321] 9,573} +19.8] 143,999] 120,456
Home goods and apparel 18,204] 17,793] -12] +23] -0.2} 14,927] 18,514] 19,525] 14,330] +4.2| 211,467] 189,841
‘Consumer staples 56,739] 56,874] +14] 0.2] -0.8] 57,919] 57,347] 58,733| 57,409] +0.9] 683,941} 664,752
Machinery and equipment . . . 46,571] 46,283] 44,230] +06] +4. +4.6 50,568) 46,024] 44,707] 45,233] +11.8] 513,280] 464,223
Business supplies 19,454] 19,4291 19,525] +0.1] -0.5] +0.5] 18,883) 19,794] 20,745] 19,201] —-1.7] 233,673 229,481
Construction materials
and supplies. 17,478] 17,473] 16,647] 0.0] +5.) +0.8) 15,714] 16,853] 17,458] 14,437] +8.8] 198,258] 184,110
Defense products 5,818] 5,401] 5,765] +7.7] 6.3) -13.4] 8,271] 6,322) 6,569] 10,769) -23.2] 79,139] 83,324
Other materials, supplic
and intermediate products . 87,783} 86,273] 84,890] +1.8] +1.6/ +1.9) 82,821] 84,592} 86,736} 79,13: +4.7} 1,004,866] 962,358
Durable goods industries : :
‘Nondefense capital goods ° . 35,366] 34,878] 32,825 +1.4| +63] +5.9| 41,154] 34,382] 31,653] 36,800] +118] 382,810] 355,832
Excluding aircraft and parts 33,031] 31,104] 29,984] +6.2|  +3.7] +3.3| 37,279 30,804] 29,147] 29,949] +245] 343,058] 297,302
Defense capital goods‘ ........] 5,634] 5,172] 5,304] +89) -2.5] -17.7| 8,177] 6,048] 6,091] 10,798] -24.3] 75,746] 80,284
Durables excluding capital goods . | 101,658] 99,625] 98,484 +2.0] +1.2| +291 93,092] 99,007] 104,551] 85,109] _+9.4 1,141,042 1,035,251
Miscellaneous series :
Producers’ durable equipment 92,348] 91,814] 88,698 +0.6] +3.5|  +3.51 92,401] 91,602} 92,741] 82,760] +11.6] 1,027,617] 918,953
Household durable goods .. . 7,800| 7,756] 7,594) +06] +2.1) -0.2| 6,940] 7,840] 8,146] 6,416 +8.2] 89,712] 83,108
Information technology industries 17,082] 17,264] 16,309] -1.1] +59) +3.5|. 20,529] 17,351] 15,379] 18,404] +11.5] 186,091] 164,091
Health care equipment
and products. 8,557] 8,437] 8,566] +14] -1.5] +5.2} 8,854] 8,227 8,502| 8,458] +4.7| 98,258] 94,846

’ Preliminary. ‘ Revised.

' Topical series are regroupings of the separate industry categories.

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

> Nondefense capital goods industries include : ordnance and accessories; steam, gas and hydraulic turbines; internal combustion engines; construction, mining, and material
handling equipment; metalworking machinery; special industry machinery; general industrial machinery; computer and office equipment; refrigeration, heating and service
industry machinery; electrical transmission and distribution equipment; electrical industrial apparatus; communications equipment; aircraft, missiles, space vehicles, and engines

and parts; ships and tank components; railroad equipment; and search and navigation equipment,

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

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


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

Inventory / Shipments ratio Unfilled Orders / Shipments ratio’
Industry Dec. Nov. Oct. Sept. Dec. Nov. Oct. Sept.
1993" 1993" 1993 1993 1993 1993" 1993 1993
All manufacturing industries... . . 140] 1.43 1.46 1.46 3.04 3.12 3.21 3.22
Durable goods industries te ee eee 1.62 1.67 1.72 1.73 3.64 3.75 3.89 3.89
Stone, clay, and glass products . . . 1.17 121 1.26 . 1.23 121 1.24 1.28 1.27
Primary metals .... oe . 1.59 1.63 1.70 1.67 1.83 1.89 1.97 191
Fabricated metal products . 1.59 1.58 1.61 1.63 1st 1st 1.58 1.62
Industrial machinery and equipment 1.75 1,79 1.88 1.86 2.14 2.18 2.26 2.22
Electronic and other
electrical equipment ........... 1.59 1.65 1.69 1.66 2.14 2.22 2.32 2.22
Transportation equipment ......... 1.62 1.72 1.73 1.82 11.28 11.69 11.66 12.10
Instruments and related products . . 2.00 2.02 211 2.07 4.62 4.72 4.93 4.84
Nondurable goods industries ........ 11S 1.16 1.17 1.17 0.72 0.72 0.71 0.73
Food and kindred products wee 0.85 0.85 0.86 0.85 (X) (xX) (X) (xX)
Tobacco products . . . 2.69 2.86 2.76 2.54 (X) (X) (X) (Xx)
Textile mill products . . seeeeee 1.62 16 1.59 1.60 (NA) (NA) (NA) (NA)
Paper and allied products . . . see 1.26 1.25 1.27 1.25 (NA) (NA) (NA) (NA)
Chemicals and allied products . . 1.28 1.29 134 135 (X) (X) (Xx) (xX)
Petroleum and coal products oe 0.90 0.93 0.91 0.91 (X) (X) (X) (X)
Rubber and plastics products ... 1.36 1.37 1.40 1.40 (xX) (xX) (xX) (xX)

* 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; chemicals;
petroleum and coal products; and rubber and plastics products.

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

Shipments New orders Unfilled orders Inventories

Industry
Dec. Dec, Dec. Dec.
Dec? | 1992- Dec? | 1992- Dec? | 1992- Dec? | 1992+
Dec.! | 1988-| Nov. | Dec.' | 1988-] Nov. | Dec.' | 1988-} Nov. | Dec.' | 1988- | Nov.
1993] 1992] 1993} 1993] 1992| 1993] 1993] 1992] 1993] 1993] 1992] 1993
All manufacturing industries ......} (xy o.1 02 ~ 01 02 ® 0.0 ol (e9) On 01
Durable goods industries O1 01 03 0.1 0.2 03 -0.1 0.1 0.1 (x) 0.1 01
Stone, clay, and glass products ® 05 05 &) 05 12 fee) 0.5 07 (X) 0.1 01
Primary metals... . . vee 0.1 04 03 0.0 05 1.0 0.1 01 03 & 0.0 1
Fabricated metal products ....... ® 04 02 (0) 07 05 (ea) 02 04 & 01 03
Industrial machinery and equipment 02 03 06) 03 07 07) 03 02 Ol &) on 01

Electronic and other

electrical equipment . . . 05 03 03] -14 03 06} 04 0.0 02 fea) Ol 0.0
Transportation equipment . . . . 04 02 06 17 04 09 02 0.0 01 & OL Ot
Instruments and related products . (es) 01 03 (x) 09 13 (x) 04 02 (ee) 01 01
Nondurable goods industries . . . & 0.0 0.1 (xX) 0.0 0.1 (x) 0.2 04 (X) 01 0.1
Food and kindred products (xX) 0.1 01 (x) () « (x) (Xx) (x) (x) 03 0.1
Tobacco products ® 03 02 © ¢ (a) a (9) & & 0.0 o1
Textile mill products... : &® 04 02 (Na) |} (a) (| Nay] aA) &) 04 01
Paper and allied products . . (X) 01 03 ()] (NA) ] (NA) (X)} (NA) | QNA) (X) 0.1 0.1
Chemicals and allied products . (x) 02 02 (xX) (x) &) (Xx) (xX) (xX) (xX) 0.0 0.2
Petroleum and coal products aes) 01 04 & &® (x) (x) &® ® 01 03
Rubber and plastics products : (oa) 06 02 (xX) (xX) (xX) (x) (x) (xX) (x) 03 02

Capital goods industries :
Nondefense ........ 04 02 0.5 -0.6 04 08 0.0 0.1 01 &) 01 0.1
Defense “Ll 02 06}  -37 07 23] 02 00 02 & 00 Ol

(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 afe the simple averages of the absolute values of the differences for the months specified. The advance to final percent change revisions for the
durable goods industries are shown in the advance report for the month.

' The current month revisions are the difference between the advance percent change and the percent change as shown in this publication.
? Average for this month for the last five years.
See note at end of table 2 relating to survey variability.


a

CURRENT INDUSTRIAL REPORTS

cn
ay

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

Manufacturers’ Shipments,
Inventories, and Orders

December 1993
M3-1-(93)-12
For Wire Transmissions 10:00 a.m. E.S.T. February 3, 1994

Steve Andrews or Kathy Menth
(301)763-2502 or (301) 763-2575

Summary

“New orders for manufactured goods in December
increased $3.2 billion or 1.2 percent to $266.0 billion, the
Department of Commerce, Bureau of the Census reported
today. This follows a 1.7 percent November increase and is
the fith monthly increase in a row, the longest string of
consecutive monthly increases since September 1987 to June
1988. New orders in 1993 totaled $3,066 billion, up 5.9
percent from 1992, the largest annual increase since 1988.

Shipments increased $3.7 billion or 1.4 percent to
$269.2 billion. This follows a 2.0 percent increase in
November and is the fifth consecutive monthly increase. For
the ycar, shipments totaled $3,100 billion, up 5.7 percent
trom 1992, the largest annual increase since 1988.

Unfilled orders decreased $3.2 billion or 0.7 percent to
$442.1 billion, the lowest level since March 1988. This is the
(cnth monthly decline in a row and twenty-fifth in the last
twenty-cight months. The unfilled orders-to-shipments ratio
decreased from 3.12 in November to 3.04 in December, the
lowest in nearly thirty years. Unfilled orders are 7.0 percent
lower than year-end 1992.

Inventories decreased $2.2 billion or 0.6 percent to
$377.9 billion, the lowest level since March 1989. This
tollows a revised $0.1 billion decline in November and is the
fifth consecutive monthly decline. The inventories-to-
shipments ratio decreased from 1.43 in November to 1.40 in
December, the lowest on record. Inventories are 0.3 percent
lower than year-end 1992,

New Orders

New orders for manufactured durable goods in
December increased $3.0 billion or 2.1 percent to $142.7
billion, This follows a 2.2 percent increase in November and
is the fifth monthly increase in a row, the longest string of
consecutive monthly increases since February to July 1987.
The largest increase was in transportation equipment, up
$1.0 billion or 2.9 percent to $35.5 billion, with increases in
all industry categories except aircraft and parts. Electronic
and other electrical equipment increased $0.8 billion or 4.0
percent to $20.7 billion, due to electronic components and
communications equipment.

New orders for nondurable goods increased $0.3 billion
or 0.2 percent to $123.4 billion, as an increase in food and
kindred products more than offset a decline in petroleum
and coal products. This follows a 1.2 percent increase in
November and is the third increase in the last four months.

Shipments
Shipments of durable goods in December increased

$3.3 billion or 2.3 percent to $146.0 billion. This follows a
3.3 percent increase in November and is the fifth consecutive

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

monthly increase. All major groups had_ increases.
Transportation equipment had the largest increase, up $1.3
billion or 3.4 percent to $38.0 billion, due to motor vehicles
and parts and aircraft and parts. Industrial machinery and
equipment increased $0.7 billion or 2.7 percent to $26.4
billion, with increases in most categories. Electronic and
other electrical equipment increased $0.6 billion or 3.1
percent to $21.1 billion, due to communications equipment
and electronic components.

Shipments of nondurable goods increased $0.3 billion
or 0.3 percent to $123.2 billion, following a 0.5 percent
increase in November. This is the third increase in the last
four months. The largest increase was in food and kindred
products, up $0.5 billion or 1.3 percent to $35.5 billion.

etroleum and coal products had the largest decline, down
$0.2 billion or 2.2 percent to $11.0 billion.

Unfilled Orders

Unfilled orders for durable goods in December
decreased $3.3 billion or 0.8 percent to $420.6 billion, the
lowest level since March 1988. This is the tenth consecutive
monthly decline and twenty-ninth in the last thirty-four
months. Transportation equipment decreased for the
twentieth consecutive month, down $2.6 billion or 1.2
percent to $213.4 billion, as a decline in aircraft and parts
more than offset an increase in railroad equipment.
Excluding transportation equipment, unfilled orders
decreased $0.8 billion or 0.4 percent. Instruments and
related products decreased $0.9 billion or 1.6 percent to
$51.3 billion. Industrial machinery and equipment, up for
the sixth consecutive month, had the largest increase, up $0.6
billion or 1.1 percent to $53.2 billion. Unfilled orders for
nondurable goods increased $0.1 billion or 0.6 percent to
$21.5 billion, the second increase in a row, following six
consecutive monthly declines.

Inventories

Inventories for durable goods in December decreased
$1.5 billion or 0.6 percent to $36.4 billion, Transportation
equipment had the largest decrease, down $1.7 billion or 2.7
percent to $61.5 billion, due to aircraft and parts. Excluding
transportation equipment, inventories increased $0.2 billion
or 0.1 percent. Nondurable goods inventories decreased $0.7
billion or 0.5 percent to $141.6 billion, primarily due to
petroleum and coal products. This is the sixth decline in the
last seven months.

By stage of fabrication, finished goods decreased 0.8
percent in durables and 0.5 percent in nondurables. Work
in process decreased 0.7 percent in durables and 0.1 percent
in nondurables. Materials and supplies decreased 0.4
percent in durables and 0.7 percent in nondurables.

(SEE BACK PAGE FOR 1994 RELEASE DATES)

‘The advance report on durable goods for January is scheduled for Feb:

by the Superintendent of Documents, U.S. Government Foatng Ofer,
1) (202-482.

Department of Commerce’s online Economic Bulletin Board
CENDATA is available from Di

¢ x
Information Services, Inc. (1-800-334-2564) and Com
the Census (301-763-2074) can provide content information and general guidance.


Nondefense Capital Goods
New Orders and Shipments
Three Month Moving Averages
Billions of Dollars

11

38 -------- 2-2 eee rere eee ee eee eee

New Orders

Shipments | 38,

11

Dec Feb Apr Jun Aug Oct Dec Feb Apr Jun Aug Oct Dec
Dec. 1991 - Dec. 1993
Defense Capital Goods
New Orders and Shipments
Three Month Moving Averages

Billions of Dollars
11

10--------------------------------- eee New Orders | Tio

Shipments

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

Oct Dec

Note: All Charts based on seasonally
adjusted current dollars.


Table 7. VALUE OF MANUFACTURER:

BY INDUSTRY GROUP
(Millions of dollars)

INVENTORIES, BY STAGE OF FABRICATION,

Seasonally adjusted

Not seasonally adjusted

Industry Monthly Percent Change Monthly Percent
change
Dec. Nov Oct. | Nov.- | Oct- | Sept~ Dec. Nov. Oct. Dec. | Dec.
1993? | 1993" 1993 | Dec. | Nov. | Oct. | 1993" | 1993" 1993 1992 | 93/92
MATERIALS AND SUPPLIES
All manufacturing industries 120,364 | 121,033 | 120,781 06 | +02} -0.1 | 121,081 | 121,103 | 120,945 } 121,327 02
Durable goods industries . 68,388 | 68,670 | 68,522 | -04| +02 68,521 | 68,916 | 68,799 | 68,315 +03
Stone, clay, and glass products 2517 | 2515 | 2513 | +01) +01 "543 | 2;508 | 2,503 | 2,543 00
Primary metals... . : 53967 | 51942 | 51905 | +04] +06 6230 | 6040 | 6,024 | 6,532 46
Fabricated metal products. . 8133 | 7/852 | 7679 | +36] +23 8264 | 7,788 | 7,583 | 8,263 0.0
Industrial machinery and equipment | 14,237 | 14,487 | 14337 | -1.7 | +1.0 147051 | 14504 | 14;423 | 13,835 | +16
Electronic and other
electrical equipment . 10,454 | 10,648 | 10,657 18] -O. 04 {| 10,418 | 10,623 | 10,634 | 10,223 9
Transportation equipment 1120s | in3ar | insse | 12] 24 ‘03 | 11098 | 11398 | 11575 | 12,004 5
Instruments and related products . . 6798 | 6719 | 6.725] +12] -01] -04] 6641 | 6,662 x 6,809 5
Lumber, furniture and
miscellaneous durable goods 9077 | 9,166] 9,120} -10} +05 9276 | 9,393 | 9,375 | 8,106
Nondurable goods industries . 51,976 | $2,363 | 52,259] -0.7 | +02 52,560 | 52,187 | 52,146 | 53,012 09
Food and kindred products 10,055 | 9,967 990 | 409] 0.2 10252 | 10,200 | 10,170 | 10,335 0.8
Tobacco products : 243 | 5350 | 5.357 20] 01 5,560 263 | 5,246 586 05
Textile mill products... . 2/683 | 2686 | 2666] 01 | +08 2628 | 2/574 | 2'569 | 2,623 +02
Paper and allied products . . 6756 | 6,760 | 6777} 01] -03 6786} 6696 | 6.743 | 6,695 +14
Chemicals and allied products 11363 | 11,400 | 11,253 03 | +13 11365 | 11338 | 11,245 | 11,623 -22
Petroleum and coal products 210 | 3,015 | 3,051 68} -12 2/86 33075 083 | 3,248 | -11.8
Rubber and plastics products 4379 | 4433] 4376) -12] +13 43525 | 4,469 3384 | 4,528 0.1
Apparel, printing and publishing
and leather goods... .. . 8687 | 8,752] 3,789 | -0.7| -04 3578 | 8572 | 8,706 | 8374] +24
WORK IN PROCESS
All manufacturing industries 128,825 | 129,596 | 130,380} -06} -0.6 | +0.3 | 125,129 ) 130,560 ] 131,952 | 126,312 09
Durable goods industries 105,364 | 106,119 | 106,943 | -07] -08 | +02 | 102,240 | 106,892 | 108,010 | 103.993 “7
Stone, clay, and glass products 1023 | 1.04 1,072 24] 22] 27 965 988 | 1,030 | 1,090 | -11.5
Primary metals -...... . 7277 | 7311 | 7,478 os | 22 | +26] 7125] 7,233 | 7491 | 7,006 +17
Fabricated metal products... . . 7430 | 7502 | 77742 | 02] 31] +16] 7254) 7471 | 7,785 | 7,392 -19
Industrial machinery and equipme: 18520 | 18436 | 18:730 | +05] -1.6 | +19] 17,835 ] 19,067 | 19,386 | 16,866) +5.7
Electronic and other
electrical equipment .... . . 14,012 | 14,080 | 14,047 05} +02} +10 | 13,499 | 14,018 | 14,045 | 12,602 } +71
Transportation equipment - Dl) 1 421937 | 43,487 | 43,481 “15 00 | -12 | 41829 | 43,924 | 43,787 | 45,129 73
Instruments and related products . 393 | 91518 | 9710] -13| -20] +02] 9,035 5 91851 | 9,865 84
Lumber, furniture and
miscellaneous durable goods 4gi3. | 4737] 4686} +16 | +11] 02] 4698 | 4621 | 4,635 | 4,043. | +162
Nondurable goods industries 23,461 | 23,477 | 23,437 1} +02} +05 | 22,889 | 23,668 | 23,942 | 22,319 | _+2.6
Food and kindred products 082 045 ‘oa | 409} +10] +43 | “4313 | 4370} 4380 ] 3,915 | +102
Tobacco products 164 180 167 | 89] +78 | -72 162 266 239 150 | +80
Textile mill products : 2606 } 2,564 | 2,517) +16| +19] +04] 2498 | 2,529 | 2,521 | 2,289 49.1
Paper and allied products . . . . riss| 117 | viso| +08} -09 | 28] Li7s | Li4s | 1142) 1,205 25
Chemicals and allied products 5795 | 51743] 31776) +09| 06) +03} 51622) 5,723 | 5,795 | 5,408 +40
Petroleum and coal products 2103 | 2/288 | 2395 81] 45] 231 1973 | 2313} 2493 | 2.660 | -25.8
Rubber and plastics products 1,783 1767 | 1760 | +09} +04] +19] 1,776 | 1,808 | 1,793 1,625 493
Apparel, printing and publishing
and leather goods . .. . | 5740] 52] 5629} 40s] +15] 02] 5370] sor | 5579 | 5,067 | +6.0
FINISHED GOODS
All manufacturing industries 128,752 } 129,552 | 129,140 403 | 0.5 | 124,892 | 128,916 | 128,440 | 125,348 04
Durable goods industries... . 62,618 | 63,097 | 62,167 +15 | -04 | 60321 | 62,565 | 61,304 | 60,292 0.0
Stone, clay, and glass products 3.953 | 3,955 009 “13 | +08 | 3,843 8 3/832 | 4,018 44
Primary metals -........- 6170 | 6,024 | 5,948 413. | -Lo | 6054] 3973 | 5937 | 5.871 43.1
Fabricated metal products Lil] gssq | 7.691 | 7,718 703 | -13| 7247 | 7460 | 7,506] 7,255 0.1
Industrial machinery and equipment | 13,315 | 13,082 | 12,761 | +1. 425 | -15 | 13{061 | 13,071} 12,646 | 13,605 40
Electronic and other
electrical equipment . : 9181 | 9095 | agi6] +09) +32] +27) 8670) 8882] 8,700) 7601 | +14.)
Transportation equipment . : 7437 | 8350 | 7935 | -109| +52} -36 | 7,098} 8760 | 8.023 | 8106) -124
Laeperi and felated products... | 6053 | 6080 | 6169] 04} -14| +14} S811} 6132 | 6185 | 5,800 +02
Lumber, furniture and g
miscellaneous durable goods . g25| 8920] gg} +12] +01 | +05} 8937 | 8443 ] 8475 | 8,036
Nondurable goods industries . . . 66,134 | 66,455 | 66,973 05] 08} -05 | 64,571 | 66,351 | 67,136 | 65,056
Food and kindred products 15,902 | 15,925 | 15,925 1 0.0 0.0 | 15:880 | 16,807 | 16.974 | 15,788
Tobacco products ....... 1,022 ‘081 “0 35 | +16 | -87 303 | 1029) 1150 | LIT
Fextile mill products : 4200 | 4150} 4079) +12 | +17} +02] 3921 | 4019 | 3995 | 3,772
Paper and allied products... $599 | s'582 ] 5613 | +03] -06 | +07) 5423) 5.478] 5417] 536
Chemicals and allied products 17127 | 17370 | 17662 | 14 1-17 | 0.7 | 17,148 | 17,345 | 17,332 | 17,780
Petroleum and coal products, 992 3103 } 5,203 22] 19] 05 1828 | 5,269 371 | 5,340
Rubber and plastics products ©... | 6,024 | 6031 | 6,073 tot} 07} 02] 5924 | Sis91 | 5,825 | 5,708
Apparel, printing and publishing
and leather goods......... 1268 | 11,213 | 11354] +05} -12 | -09 | 10,644 | 10,513 | 11,072 | 10,196

° Preliminary. ‘ Revised.

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


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

(Millions of dollars)

Seasonally adjusted

‘Not seasonally adjusted

Industry Monthly Percent Change Monthly Percent
change
Dec. Nov. Oct.| Nov] Oct.-|  Sept- Dec. Nov. Oct. Dec.] Dec.
1993? 1993" 1993] Dec.| Nov.] Oct. 1993” 1993" 1993 1992] 93/92
All manufacturing industries . 442,111 | 445,319] 448,120] -0.7 0.6 -0.5| 438,528] 440,967] 444,710] 472,186] 7.1
Manufacturing industries .
without defense capital goods 325,390] 327,610] 328,560] —-0.7 03 0.0| 321,321] 323,689] 326,059] 342,406] -6.2
Durable goods industries 420,646 | 423,990] 426,980] -0.8 07 -0.4] 417,941] 420,456] 423,752] 450,125 12
Stone, clay, and glass products 7,252) 7,194] 7,202] +08 0.1 “15 6855] 6,936] 7,229) 6392) +72
Primary metals .......... 22255| 22398] 22,405 06 0.0} +15] 21,485] 21,031} 21,116] 20,676] +3.9
Biast furnaces, steel mills... ... . 10,225] 10,396] 10,364 16] +03] +20] 9,734] 9,667] 9,733 8,422| +156
Iron and steel foundries : 3,083] 3,097] 3,067] -05] +10) +28] 3,046] 3,075] 3,049] 2,830) +76
Nonferrous and other primary
metals 0.2.2... e cece eee 89471 8,905] 8974] +05 08) +05 8,705 8,289 8334] 9,424] -7.6
Fabricated metal products : 20219] 20,245] 20,770) -0.1 25 21] 20,118] 19,834] 20,605} 22,761] -11.6
Industrial machinery and eauipment - | 53.211] 52,631} 51,643] +11 +19] 41.3] 53,006] 52,540] 51,323] 50,119] +5.8
Engines and turbines... . 9,820] 10,007] 10,177] -19-1.7 04} 10,113] 10,327] 10,407] 10,056] +0.6
Construction, mining and
material handling equipment 5,834 5,814 5,798 +03 +03 +15 5,799 5,728 5,699 5,599 43.6
Metalworking machinery 7356] 6.944] 6,828] +59] +17 28] 7356] 6944] 6,828] 7,333] +03
Computer and office equipment . 77544] 7,639] 6,921 12] +104] +16] 7,257 7,844 7013{ 7,121] +19
Electronic and other
electrical equipment ........... 45,137| 45,520] 46,075 08 12 43.6] 44,490] 45,296] 45,772] 42,087 45.7
Electrical transmission and
distribution equipment and
industrial apparatus ........... 5,846] 5,865] 5,875 03 02] +05] 5,800] 5,857 5,854] 5,552] 44.5
Electric lighting and
wiring equipment . . . . . 3,240] 3,270] 3,159] -09 +07] 3,240] 3,270) 93,159] 2,980] +8.7
Communications equipment  . 15,063] 15,057] 15,029 0.0 +22] 15,049] 15,133] 15,104] 13,422} +121
Electronic components . 15,415] 15,816] 16,736] -25 +66] 15,091] 15,484] 16,268] —_ 15,682 38
Transportation equipment . 213,417] 216,000] 218,336] -1.2 -16] 213,574] 215,744] 217,609] 245,846] -13.1
Aircraft, missiles,
space vehicles, and parts. 183,812 | 187,424] 188,965 -19 -1.9| 184,102] 187,255] 188,263] 217,176] -15.2
Shipbuilding and tanks 19,617] 19,894] 20,692 “14 -15] 19,529] 19,894] 20,713] 21,214 19
Instruments and related products . $1,259] $2,113] 52,691 “16 02| 51,455] 51,725] 52,395] 55,587 “14
Search and navigation equipment 34,066 | 34,583} 35,254 “15 09) 34,276] 34,245] 34.972] 37,155] -7.7
Measuring and controlling devices . 8817] 8,882] 8,719 0.7 40.7] 8817] 8,882 8,719] 9,188 4.0
Medical instruments and supplies 7,483 7,774] 7,900 “3.7 +26) 7,483 7,774 7,900) 8,423) -11.2
All other durable goods ....... 7,896 7,889 7,858 40.1 +0.7 6,958 7,350 7,703 6,657 44.5
‘Nondurable goods industries ....... 21,465} 21,329] 21,140] +06] 40.9] -3.0] 20,587] 20,511] 20,958] 22,061 67

* Preliminary. ‘ Revised.

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


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

Dec. Nov. | - Oct. | Nov.- | Oct] Sept.- Dec. Nov. Oct. Dec. Dec.
1993” 1993" 1993 | Dec. | Nov.} Oct. 1993” 1993" 1993 1992} 93/92 1993” 1992

All manufacturing industries... 266,019] 262,773] 258,270] +1.2| +1.7] +1.2] 260,570} 262,656] 268,794] 250,087} — +4.2} 3,068,623 |2,898,545

Manufacturing industries

with unfilled orders . . . . + «| 142,013] 139,977] 137,419] +1.5] +19] +1.6 144,960} 140,393} 141,533] 139,441} — +4.0} 1,623,678]1,541,111
without defense capital goods . . . . . | 260,385] 257,601] 252,966] +1.1] +1.8] — +1.6] 252,393] 256,608} 262,703] 239,289] +5.5] 2,992,877 |2,818,261
Durable goods industries ....... 142,658] 139,675] 136,613] +2.1] +2.2) +2.6 142,423] 139,437] 142,295] 132,707] +7.3] 1,599,598 11,471,367
With unfilled orders ...... - +++] 112,069} 109,965] 108,262] +19] +1.6f +2.3] 116,021] 110,202] 111,118] 110,699} — +4.8] 1,270,037 1,192,554
Stone, clay, and glass products .....] 6446] 6.214] 5,924] +3.71, +49) -3.4 5,347] 5.954] 6,376] 4,386] +219] 71,021| 66,475
Primary metals ........... -} 12,047] 11,844) 11,685] +17] +14) +15] 11,507} 11,554] 11,589] 11,509} 0.0] 139,047] 134,807
Blast furnaces, steel mills --| 5435] 5461] 5,511] -0.5}  -0.9) +22) 5,079] 5.217] 5,355] 5,364] -5.3] 64,460] 57,755
Iron and steel foundries... . : 1,133] 1,154) 1,175] -1.8]-1.8) +19) 907] 1,146] 1,325 859] +5.6} 12,772] 12,070
Nonferrous and other primary
metals........ vee ees 5,479} 5,229] 4,999] +4.8] +4.6 +0.64 5,521] 5,191] 4,909] 5,286] +441 61,815] 64,982
Fabricated metal products ..... 14,600] 14,090] 13,876] +3.6) +1.5) -2.01 14,115] 13,742] 14,731] 13,711] +2.9] 167,556] 159,321
Industrial machinery and equipment .| 26,969] 26,673] 25,023] +1.1] +6.6 +2.0| 29,625] 26,187] 24,428] 24,015] +234] 290,737] 250,805
Engines and turbines ..... : 1,698] 1,525] 1,432] +113} +6.5] -16.6] 2,572] 1,570] 1,466} 2,004) +283] 19,167] 17,356
Construction, mining and
material handling equipment ....] 2,614) 2,576] 2,636] +15] -2.3] +9.7] 2,504] 2,477) 2,759) 2,146] +16.7] 29,854) 25,125
Metalworking machinery ...... 3,060] 2,852] 2,370) +7.3] +203] -7.5] 3,357] 3,076] 2,499] 2,741] +22.5] 31,059] 27,905
Computer and office equipment 7,049] 7,620] 6,789) -7.5] +122) +7.7} 9,200] 7,624] 5,880] 7,417] +24.0) 77,322] 64,032
Electronic and other
electrical equipment . 20,718] 19,919] 21,504] +40] -7.4|  +4.5} 21,254] 20,737] 22,101] 19,524] +8.9] 235,331] 209,941

Electrical transmission and
distribution equipment and
industrial apparatus ....... -{ 2,457] 2,504) 2,465] -1.9] +1.6f +14) 2,413) 2,414] 2,406] 2,161] +11.7] 29,054) 27,081
Electric lighting and

wiring equipment . . .

tes 1617] 1,795] 1,714] -99) +47] +79) 1,696] 1,912] 1,727] 1,772] 4.3] 20,305] 18,486
Communications equipment .

4872) 4/344] 4,427] +122) -1.9 11.2} 5,942) 4350] 4,369} 4,962 +19.8] 49,313] 42,447

Electronic components ..... . 7,018] 6,181] 7,810] +135] -20.91 +15.11 6,900] 6,379] 7,785] 6,408) +77] 80,474] 70,917
Transportation equipment ......... 35,457] 34,449] 32,768] +2.9]  +5.1]  +5.7] 34,593] 35,253] 36,568) 34,036] +1.6| 392,205] 363,255
Aircraft, missiles,
space vehicles, and parts. .....] 5,602] 6,925] 5,602} -19.1] +23.6 +25.2} 8,492] 7,392 5,916] 12,342 -31.2] 79,859] 103,776
Shipbuilding and tanks . . 539) 250) 694] +115.6] -64.0} -52.9 656) 212 689} 11,4491 -54.7} 10,026] 7,632
Instruments and related products . 10,246] 10,474] 10,587] -2.2] -1.1] +4.2] 11,757] 10,649} 10,632] 13,341] -11.9] 124,953] 124,556
Search and navigation equipment .} 1,958] 1,988] 2,193}. -1.5]  -9.3) -11.1f 3,033) 2,237] 2,251] 4,524] 33.0] 29,254] 30,798
Measuring and controlling devices | 3,152] 3,226} 3,042} -23]  +6.0| +15.2] 3,236] 3,160] 3,064] 3,471] -6.8] 34,838) 33,607
Medical instruments and supplies 2,885] 2,961 3,168} 2.6} 6.5] +14.9] 3,056] 2,889] 3,092] 2,996) +2.0} 34,472] 34,983
All other durable goods -] 16175] 16,012] 15,246] +1.0] +5.0|  +1.1) 14,225] 15,361] 15,870] 12,185] +16.7] 178,748] 162,207
Nondurable goods industries ...... . 123,361] 123,098] 121,657] +02) +1.2} 0.4 118,147] 123,219] 126,499} 117,380] —_+0.7 1,469,025 ]1,427,178
With unfilled orders ........ 29,944] 30,012] 29,157] -0.2| +29| -0.8| 28,939] 30,191] 30,415] 28,742) +0.7) 353,641] 348,557

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

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

Note : Estimates of manufacturers’ shipments, inventories and orders are subject to survey variability and revision. Since the survey panel is not a probability sample,
estimates of sampling variability cannot be calculated. Further details on survey design, methodology, and data limitation are contained in our most recent annual benchmark
publication, Current Industrial Reports: M3-1(92), "Manufacturers’ Shipments, Inventories, and Orders: 1982-1992."


. . © RR i a

2
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
Dec. Nov. “Oct. | Nov.- | Oct.- | Sept.- Dec. Nov. Oct. Dec. Dec.
1993°| 1993°] 1993] Dec.| Nov.| Oct.] 19937] 1993°] 1993] 1992] 93/92} 1993" | 1992
All manufacturing industries . 269,227} 265,574] 260,471] +141 42.0 +0.1] 263,009] 266,399] 272,140] 249,356| — +5.5]3,102,281 [2,934,126
Manufacturing Industries
with unfilled orders . | 145,221] 142,778] 139,620} +1.7] +23] -0.3} 147,399] 144,136) 144,879] 138,710] +6.3| 1,657,336 |1,576,692
Without defense capital goods... | 262605] 258,551] 252,871] +16] +22) +0.1] 254,761] 258,978) 264,673} 239,346] +6.4) 3,013,962 12,838,173
Durable goods industries _.] 146,002) 142,665] 138,153] +23] +33) +0.5) 144,938) 142,733) 144,241] 131,841) — +9.9) 1,631,782 }1,506,632
With unfilled orders... ........} 115,413| 112955} 109,802) +22) 42.9) -0.3] 118,536] 113,498] 113,064] 109,833) +7.9) 1,302,221 1,227,819
Stone, clay, and glass products _ 6388) 6.222) 6.034] +27] +3.1] -2:3) 5,428) 6,247) 6,687) 4,761] +14.0) 70,558) 66,623
Primary metals . . UP axtoof invest] 11354] +29 +44 -1:5] 11,053) 11,639] 11,861} 10,144) +9.0] 138,238) 135,945
Blast furnaces, steel mills... . 51606] 5.429] 5:312) +33) +22) +03] 5,012] 5,283] 5,499} 4,353) +15.1] 63,148) 58,106
Tron and steel foundries... ..| 147) zal toot] +20] 43.0) 43.7) 936] 1,120] 1,218) 848] +104) 12,556) 12,198

Nonferrous and other primary
metals... 2.00... eee 5437] 5,298] 4,951] +26] +70 4.41 5,105] 5,236] 5,144] 4,943] +33] 62,534) 65,641
Fabricated metal products ........| 147626{ 14615| 14,330] +0.1] +2.0 +0.1) 13,831] 14,513) 15,312] 13,287) +4.1) 170,199 160,490
Industrial machinery and equipment | 26,389| 25.685] 24.345] 42.7] +5.5] -0.2) 29,159] 24,970) 23,723) 24,452) +19.2) 287,850) 253,445
Engines and turbines .........-| 1,885] 1,695] 1,475] +11.2| +149] -3.0 2,786] 1,650] 1,398] 2,013] +384 19,110} 16,804
Farm and garden machinery 1490] 11523] 1,455] -22| +47) -1-4) 1,310) 1,279) 1,427] 1,070) +22.4) 17,687) 14,938
Construction, mining and
material handling equipment . .
Metalworking machinery . .

2,594] 2,560] 2,549] +13) +04) +3. 2,433) 2,448) 2,628] 2,169) +12.2 29,654] 25,232
2,648} 2,736] 2,565) 3.2) +6.7) +1 2,945] 2,960} 2,694) 2,963) 0.6 31,036] 29,049

Computer and office equipment . : 7,144] 6,902] 6,677) +35) +34) +0.9 9,787 6,793) 5,793 7,792) +25.6 77,186| 65,558
Electronic and other
electrical equipment ...... --] 21,101} 20,474] 19,882) +3.1] +3. -0.8| 22,060) 21,213] 20,346] 19,693] +12.0] 232,928 209,422

Electrical transmission and
distribution equipment and
industrial apparatus . .
Household appliances

2,476) 2,514] 2,435) -1.5] +3.2] +15) 2,470) 2,411 2,392) 2,373) +41 28,806] 27,738
1,633 1,715 1,695} 4.8) +12) -1.6 1,512) 1,694) 1,700} 1,558) 3.0 19,819} 18,159

Electric lighting and
wiring equipment ....... eae 1,647] 1,684) 1,692) +22) 0.5] +2.6) 1,726} 1,801 1,705 1,714 +0.7 20,045 18,629
Household audio and

video equipment ........- wae 942) 946 994] -0.4 48|  +6.3) 892] 1,205 1,309} 889) +03 11,248] 10,959
Communications equipment . . 4,866] 4,316] 4,099} +12.7) +5.3] +42) 6,026) 4,321 3,936} 4,833) +24.7 47,686] 42,260
Electronic components .. . 7,419] 7,101 6,773) +4.5) +4. 7. 7,293 7,163| 6,809] 6,240} +16.9 81,065] 69,714

Transportation equipment .. . -] 38,040] 36,785] 36,321] +3.4) +13) +3.3) 36,763) 37,118} 39,473} 35,043} +4.9) 424,477) 391,292
Motor vehicles and parts ..... 26,352| 25,466] 24,431] +35] +4.) +3.2| 22,680) 26,016) 27,876] 18,834] +20.4] 282,101 235,716
Aircraft, missiles,

space vehicles, and parts.
Shipbuilding and tanks . .
Instruments and related product

9,214 8,466| 9,346] +8.8) 9A +5. 11,645) 8,400] 8,975] 13,653] -14.7] 112,933 127,978
816] 1,048 1,017) -22.1) +3. 1,031 1,028| 1,308) -21.9 W711 12,094
11,100] 11,052} 10,695] +04)  +3.3) 11,319] 10,684) 11,677 +3.0] 129,085} 127,289

Search and navigation equipment : 2,475) 2,659] 2,519} 69) +5.6 2,964) 2,447] 3,278] 8.4 32,133} 33,541
Measuring and controlling devices . 3,217] 3,063} 2,985} +5.0)  +2.6 2,997] 3,007} 2,900] +13.8 35,209] 33,639
Medical instruments and supplies 3,176} 3,087 2,971] +29) +3.9) 3,015) 2,895] 3,166) +5.7 35,412] 34,788

Photographic goods
All other durable goods

1,875 1,889) 1,883] 0.7) +03} 3} 1,995] 2,001 2,033 +05 22,264) . 21,497
16,168] 15,981] 15,192) +12) +5.2) +1.2) 14,617] 15,714] 16,155} 12,784) +14.3] 178,447] 162,126

Nondurable goods industries .. . . . 123,225] 122,909] 122,318] +03] +0.5)  -0.2| 118,071 123,666} 127,899} 117,515) +0.5 | 1,470,499 [1,427,494
With unfilled orders ...... . 29,808] 29,823] 29,818] -0.1 0. 0. 28,863] 30,638] 31,815] 28,877) 0.0] 355,115} 348,873

Food and kindred Products oe - | 35,540] 35,081] 34,771] +13] +0.9 -0.4) 34,997) 35,276 36,095} 32,853 +6.5| 413,889] 395,028
Meat products oe 8,006) 7,952 8,040} +0.7| -Ll] +04) 7,734) 7,801 8,344) 7,354) +52 95,245] 89,239
Dairy products . 4,600) 4,563) 4,462] +0.8)  +2.3] -2.1) 4,416) 4,618] 4,452} 4,195) +53 53,984] 52,444
Beverages . . 5,100] 5,044) 4,827) +1.1]  +4.5) 4.1] 4,789} 4,805] 4,678} 4,527 +58 59,080] 57,336
All other foods, except f “fats and oils 16,014] 15,584] 15,680) +2.8] 0.6 +0.6) 16,238] 16,114] 16,859} 15,040) +8.0] 184,685] 176,582

Tobacco products . . 2393] 2'312| 2391) +35] -3.3] 9.4) 3,056] 2,517) 2,205] 3,902| -21.7] 31,303) 33,054
Textile mill products... ....| 5872) 51831] 57807] 40.7] 40.4) +08) 5,320] 6,007] 6,252] 5,359] -0.7) 70,183) 69,850
Broadwoven fabrics and
other textiles . . boven 3,702] 3,602) 3,542] +28) +17) +03] 3,469] 3,599 3,703] 3,364] +3.1] 43,455) 43,586
Paper and allied products .... .. 10'759] 10,814| 10,691] -0.5] +12} 1.8] 10,383] 10,642] 10,885) 10,751) 3.4] 129,437) 131,307
Pulp, paper, and
paperboard mill products 4286| 4353) 4,295] -1.5| +14] 02) 4,200] 4,348) 4,292) 4,369] -3.9] 52,141] 53.460
Paperboard containers and boxes 2670) 2671] 2585] 0.0] +33) -2.0 2,502) 2,633) 2,711] 2,539] -1.5] 31,842) 32,534
Miscellaneous converted
paper products _...] 3,803] 3,790] 3.8111 +03] -04 -3.4f 3,681] 3,661) 3,882) 3,843] 4.2) 45,454) 45,313
Chemivals and allied products |. |... | 26.749 26657] 25.921] +03) +28] -0.1] 25,511] 25,589) 25,650] 24,724) +3.2| 313,893) 301,522
Industrial chemicals “"} 13%340) 13%625] 13.185] -2.1] 43.31 0.0) 12,326] 13,283] 13,258] 12,262] +0.5] 160,912) 156,409
Drugs, soaps, and toiletries. 10457] 10,091] 9,954] +36] +141 +0.4 10,718] 9,840} 9,967] 10,108) +6.0} 117,593) 110,363
Petroleum and coal products . . . . t1003} 111245] 11.745] -22] 4.3] +0.7| 10,624] 11,732] 12,797] 12,549] -15.3} 147,442) 154,673
Rubber and plastics products... . 8'990| 8.944) 8.700] +05 +28) +0.1] 7.976) 8517] 9,070) 7,660] +4.1) 104,050] 103,329

All other nondurable goods ......- 21,919] 22,025} 22,292} -0.5 AQ +h 20,204] 23,386 24,945) 19,717] +2.5] 260,302} 238,731

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

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