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

Seasonally adjusted Not seasonally adjusted

Industry Monthly Percent Change Monthly Percent

change
Aug July June} July-] Sunes] May- Aug. July June Aug.| Aug.
1998} 198" 1998] Aug. July] June] 19987] 1998" 1998 1997} 98/97

All manufacturing industries ..... | 468,399 467,636 | 466,701 +0.2 +0.2 40.21 471,400} 469,220] 464,495] 455,123 43.6

Manufacturing industries
with unfilled orders, «........... | 314,971) 313,620) 312976| +04] 402] 403 318,785] 316,461} 312,810] 305,982] +42
without defense capital goods ..... | 449324] 448,801] 448°266] +01] +01] +02 451,956] 450,000] 445,960] 438154] 43.2

Durable goods industries... . . “+ | 396.871) 295,669) 295,143} +041 40.2] +03} 299,663] 297,154] 293,750] 287937] 44.1
With unfilled orders... . : 273.418} 272,043) 271,655} 40.5} 40.1] +03] 276436] 274,042) 271,139] 265'312| +42

Stone, clay, and glass products . . 9171 9112} 9110] +06 00) +02] 9,136] 9176] ~ 9°25 8,979] +17

Primary metals ..... 2.0... +++} 24,867] 24,763] 24,612 +04 +06] +06] 24,924) 24851] 24.464] 24'579 +14
Blast furnaces, steel mills ....... | 12466] 12335] 12168 +11) t14{ ats 12,484] 12,349] 11,949] 11,740] 463
Iron and steel foundries vee 1,585 1,570 1,562 +1.0 +0.5 +02 1,558 1,557 1,590 1,532 +17
Nonferrous and other primary

metals... 2.0.2... “rrr | 10816) 10,858) 10,882) 04) = 0.2} -0.3] 10,882] 10,945] 10,925] 11,307] «3.8
Fabricated metal products 30,993 | 30,9391 30,749] +02] +06) 40.9] 31,034] 311152] 31.071] 29/175] +64
Industrial machinery and equipment . | 60,940 | 60,903] 60900] +01 0.0) — -0.3) 61,633] 61,030} 60,233] 60,720] +15

Engines and turbines . 4150) 4179} 4.079) -0.7) 425] 72] 4320] a'96] 35967] a'ogs| ss

Farm and garden machinery 3,741 3,688 3,630 +14 +16 40.4 3,500 3,431 3,440 3,286 +6.5

Construction, mining and

material handling equipment ... . 8,743 8,711 8,682 +04 +03 +11 8,680 8,653 8,735 7,804] +11.2
Metalworking machinery .... . 7,868| 7.761 7581) +14) 4247 40.9) 8.212] 7,980] 7557] 7/640] 47's
Computer and office equipment . . 9,502} 9,625} 10,052) -13]-4.2 13] 9991 9,891 9,748] 11855] -15.7
Electronic and other
electrical equipment ........... 40,433} 40345) 40,818] +02) 12! -1.0] 41,054] 40,866] 40,751] 40,795] 40.6

Electrical transmission and
distribution equipment and

industrial apparatus»... 2... .. S274) 5,283) 5,302] 02) -04!  -05] 5,309] 5,299] 5,250] 5,684 66
Household appliances ......... 2,370 2,363 2,325 +03 +16 “1.5 2,338 2,364 2,367 2,441 42
Electric lighting and

wiring equipment............. 3,485 3,458 3,404 +0.8 +16 +03 3,562 3,544 3,438 3,421 +41
Household audio and
video equipment ............. 1,004 980 940] 424] +43] 43.2 1,105 1,060 975 1,188] -7.0

08] 10,525] 10,491} 10,278] 10,776

Communications equipment... . 10,340] 10,407] 10,490] -0.6
Electronic components . : 14,361] 14,317] 14,808] +03

0 21 14,482 14,448 14,777 13,438
Transportation equipment . . 75,853 75,032 74,597 +11

+16 76,801 75,256 73,728 70,561

Motor vehicles and parts 16,470] 16,790] 17,046] 1.9 422} 16815] 17,022] 16553] 16,667] +09

Aircraft, missiles,
Space vehicles, and parts. ...... 53,628] $2,529] 51,927] 42.1 +16] 54,176] 52,504] 51,656] 48,670] | +11.3
Shipbuilding and tanks .... . : 1,839 1,739 1,778 +58 +5.0 1,828 1,729 1,761 1,573] +16.2
Instruments and related products .... | 26664] 26,6591 26°676 0.0 05] 27,113] 27,010] 26854] 26,483] +24
Search and navigation equipment. 6,724] 6.7731 6,743 -0.7 +05] 6909] 6,988} 6,827] 6,794] +17
Measuring and controlling devices . 8,091 8.033} 8177] 40.7 15] 8,188] 8,127] 8.255 8,138] +06
07] 8611 8554] 8,426] 8355] 43.1

Medical instruments and supplies 8,510 8,526 8,433 0.2
Photographic goods ........... 2,631 2,622 2,621 +03
All other durable goods . . 27,950] 27,916| 27.681 40.1

+10 2,695 2,634 2,633 2,552 +5.6
0.6 27,968 27,813 27,424 26,645 +5.0

Nondurable goods industries

171,528] 171,967] 171,558
With unfilled orders

41,553 41,577 41,321

+02 +0.1) 171,737] 172,066] 170,745] 167,186 42.7
+0.6 +0.4 42,349 42,419 41,671 40,670 +41

Food and kindred products . . 37,143} 37,424] 37,427 0.0 0.2] 36,857} 36,333] 35,844] 36,032] +23
Meat products . . : 4,094 4,083 4,088 -0.1 03 4,015 4,087 4,143 3,885] +33
Dairy products 3,774 3,786 3,734 +14 27 3,840 3,926 3,813 3,422! +122
Beverages ..... see - 8,186 8,190 8,129 +08] +01 7,975 7,987 7,978 7,464] +68
All other foods, except fats and oils 19,257 19,467 19,614 0.7 +03 19,334. 18,521 18,139 19,768 2.2

Tobacco products... . seen 5,553 5,665 5,716 -09 “ll 5,232 5,210 5,276 5,479 4.5

Textile mill products... 0.2... 2. 10,289} 10,285] 10,253 +03 0.0} 10,380} 10,428) 10,327] 10,269] +1.

Broadwoven fabrics and

other textiles... 0...

Paper and allied products. |
Pulp, paper, and

6,391 6,393 6,352 0.0 +0.6 0.5 6,430 6,461 6,346 6,316 +18
16,621 16,584 16,498 40.2 +0.5 +0.7 16,579 16,513 16,462 15,760 45.2

Paperboard mill products... .. . 6,695 6,711 6,699 02] +02] +17] 6,681 6,648] 6,647 6418 +4.1
Paperboard containers and boxes . . 4,342 4,328 4311 +03 +04 +19 4,318 4,327 4,300 3,862] +11.8
Miscellaneous converted

Paper products ....... 5,584 5,545 5.488] +07] +10 “15 5,580] 5,538 5,515 5,480] +18

Chemicals and allied products 46,515] 46,382] 46,061] +03! 40.7} 40.5] 46397] 46.483] 46038 | 42353] 495
Industrial chemicals ....... 20,335} 20,381} 20,409 -0.2 0.1 +03} 20,279] 20,393] 20,248} 19,820] +23
Drugs, soaps, and toiletries . . 20,481) 20,4411 20,199} 40.2] +1.2 +13] 20,716] 20.783] 20518] 17'619| +176

Petroleum and coal products ....... 10,699 10,906 10,936 “19 03 21 10,764 11,066 11,094 12,793 -15.9

Rubber and plastics products... . 16,711 16,650] 16,697 +0.4 -0.3 +0.8{ 16,502] 16,646] 16,743] 16,195 +19

All other nondurable goods ...... . 27,997) 28,071} 27,970] -0.3} +04] 40.4) 29,026] 29,387) 28964] 28305] 42's

” 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 L----------- crc rrr rrr Shipments |_} 360

340 340

320 320

300 L-------------- errr rrr 300

280 1 1 1 1 L 1. i L L 1 1 1 it 280
Aug Oct Dec Feb Apr Jun Aug Oct Dec Feb Apr Jun Aug

Aug. 1996 - Aug. 1998

Total Manufacturing
Ratio of Unfilled Orders and
Inventories to Shipments

VS Ratios UO/S Ratios
2.5 3.9
24b------- ee rc rrr rrr vos }-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
17b-------- ee rer rrr rr ry 3.1
1.6 3

1.5 2.9
1.4 2.8
1.3 2.7

1.2 L 1 1 1 i 1 1 1 1 1 il i l 2.6
Aug Oct Dec Feb Apr Jun Aug Oct Dec Feb Apr Jun Aug

Aug. 1996 - Aug. 1998

Note: All Charts based on seasonally
adjusted current dollars.


Table 6. VALUE

OF MANUFACTURERS’ UNFILLED ORDERS AND TOTAL INVENTORIES

FOR TOPICAL SERIES'
(Millions of dollars)

Seasonally adjusted

Not seasonally adjusted

Industry Monthly Percent Change Monthly Percent
change
Aug. July June | July- | June- | May- Aug. July June Aug. | Aug
1998" 1998" 1998 | Aug. | July | June | 198° 1998" 1998 1997 | 98/97
UNFILLED ORDERS
All manufacturing industries 530,029 | 528,989 | 529,548] +02] -0.1 -0.7 | 529,540 | 531,291 | 527,169 | 523,608 +14
Market categories :
Automotive equipment ....... 2,310 | 2,358 | 2,426 -2.0 02} 2344] 2,361 2,368 | 2,627 | -10.8
Home goods and apparel 8,168 8,007 | 8,232} +20 +05 | 8497 | 8418 | 8444 | 9,003 5.6
Consumer staples ..... . 2,290 | 2,288 | 2216 | +0.1 +17 | 2655 | 2,739 | 2.212 | _2:582 42.8
Machinery and equipment . 248,898 | 245,443 | 245970 | +14 -0.4 | 248,655 | 245,501 | 245,599 | 230,031 48.1
Business supplies . . 6,950 | 6922] 6878 | +04 +15 7,295 | 7,307 7,002 7,187 +19
Construction materials
and supplies... . . 18,017 | 18,129 | 18,205 -0.4 -0.4 | 18,048 | 18,274 | 18,345 | 17,658 42.2
Defense products . : 91,576 | 93,267 | 94;158 09 -0.6 | 90,013 | 92,775 | 94,379 | 98,669 88
Other materials, supplies and
and intermediate products . 151,820 | 152,575 } 151,463 05] +07 -1.6 | 152,033 } 153,916 } 148,820 | 155,881 25
Durable goods industries :
Nondefense capital goods’ ...... 266,477 | 262,434 | 262,987 | +15] -02 -0.5 | 265,726 | 261,837 | 262,310 | 249,223 +66
Excluding aircraft and parts 105,401 | 104,309 | 104,725 +1.0 0.4 -0.6 | 104,650 | 103,712 | 104,048 | 100,109 +45
Defense capital goods ‘ 96,578 | 98,371 | 99,344 18] -10 | 06 | 94,958 | 97,894 | 99,666 | 103,307 “8.1
Durables excluding capital go. 142,710 | 143,793 | 142,557 08 | +09 -1.1 | 143,836 | 145,837 | 139,947 | 144,238 -03
Miscellaneous series
Producers’ durable equipment .... } 287,365 | 284,823 | 286,048 | +09] -04| -04 | 287,404 | 284,951 | 284,856 | 260,144 +68
Household durable goods : 5,196 | 5,092 | 5348] +420] 48] +05] 5390] 5260 | 5292 6,132 | -12.1
Information technology industries . | 39/811 | 40,103 | 40/433 0.7} 08} +06 | 39,990 | 40,323 | 40,493 | 39,200 42.0
Health care equipment
and products .............. 9,634 | 9,646 | 9,272 01] +40] +16] 9682] 9,661 8,928 8116 | +193
TOTAL INVENTORIES
All manufacturing industries 468,399 | 467,636 | 466,701 | +02] +02 | +02 | 471,400 | 469,220 | 464,495 | 455,123 $3.6
Market categories :
Automotive equipment . . . 8,348 | 8,535 8,532 22 oo] +15 8,558 | 8,630 | 8,291 8,314 42.9
Home goods and apparel 31,694 | 31,564 | 31,308 +04] +08 40.3 | 32,382 | 32,501 | 32,304 | 31,366 432
Consumer staples ........ 72,578 | 73,016 | 72,821 0.6 | +03 0.1 | 72,399 | 72,164 | 71,515 | 69,977 +35
Machinery and equipment . 120,806 | 119,846 | 119,419 | +08 | +04] +02 | 122,175 | 119920 | 118.269 | 117,541 43.9
Business supplies . 28,141 | 28,210 | 28,038 02] +06] +04] 28535 | 28,621 | 28,044 | 27/521 43.7
Construction materials
and supplies 28,771 | 28,542 | 28377] +08] +06 -0.1 | 28,786 | 28,666 | 28,485 | 28,105 424
Defense products 18,819 | 18,573 | 18,172 | +13] +422] +07] 19,120] 18898] 18,245 | 16697] +145
Other materials, supplies and
and intermediate products . . 159,242 | 159,350 | 160,034 -0.1 04 | +02 | 159,445 | 159,820 } 159,342 | 155,602 425
Durable goods industries :
Nondefense capital goods * . . . 112,879 | 111,963 | 111,859 | +08] 40.1 114,361 | 112,277 | 110,896 | 111,182 429
Excluding aircraft and parts . . 71,861 | 71,834 | 71,962 0.0 -0.2 73,046 | 72,464 | 71,360 | 73,179 -0.2
Defense capital goods * ....... 19,075 | 18,835 | 18,435 | +13] +22] +04] 19444 | 19220] 18535} 16969] +146
Durables excluding capital goods 164,917 | 164,871 | 164,849 0.0 0.0 +0.1 | 165,858 | 165,657 | 164,319 | 159,786 43.8
Miscellaneous series :
Producers’ durable equipment 193,152 | 192,212 | 191,731 | 40.5 | +03 | +03 | 195,263 | 193,150 | 190,686 | 188,474 43.6
Household durable goods .. . . 16,115 | 16,041 | 15,819 | +05] +14] +03 | 16450] 16351 | 16,069 | 15,594 +55
Information technology industries 32,986 | 33,119 | 33,783 04] -20 -0.9 | 33,869 | 33,680 | 33,411 | 35,695 “5.1
Health care equipment
and products ...... 19,608 | 19,601 | 19,381 00) +11 | +404] 19,832 | 19,812 | 19,543 | 17,920 | +10.7

See footnotes at end of table 5.

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


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

Seasonally adjusted Not seasonally adjusted *
Monthly Percent Change Monthly Percent ‘Year to date
Industry change

Aug.} July} June | July-| June-| May-] Aug.} July} June | Aug.| Aug.
1998°] 1998} 1998} Aug.| July] June} 1998" 1998'] 1998] 1997] 98/97] 19987 | 1997

SHIPMENTS,
All manufacturing industries +++] 336,692} 335,380] 335,110) +04) +0.17 +0.4) 337,907) 302,131] 358,824] 329,999} +2.4] 2,654,467 |2,566,984

Market categories :
Automotive equipment ......... 14,643] 13,344] 13,216] +97] +1.0 -7.3] 15,026] 8,370] 13,796] 14,269] +5.3] 111,843] 110,348
Home goods and apparel - | 18,978] 19,329] 18,978} -1.8]  +1.8] +0.4] 20,009] 17,945] 19,997} 19,341] +3.5) 148,567] 141,894
Consumer staples ..... 69,558] 69,212] 69,586] +0.5] -0.5| +1.3) 71,075] 67,118] 71,757] 69,670] +2.0] 544,795] 529,464
Machinery and equipment - | 63,678] 63,235] 64,527| +0.7] -2.0, +22] 60,697] 52,850] 73,874] 56,887) +6.7] 496,690] 457,163
Business supplies .............| 25,452] 25,623] 25,531] -0.7] +0.4] -0.1| 25,650] 24,196] 26,661) 25,523] +0.5] 201,653] 197,949
Construction materials

and supplies
Defense products
Other materials, supplies and
and intermediate products .... . . 115,548] 115,782] 114,775] -0.2{ +0.9| 0.0] 115,689] 103,985] 122,038] 115,727] 0.0] 925,118] 911,873

21,851} 22,063) 21,852) -1.0) +1. +2.0) 22,973] 21,640) 23,494) 22,354) +2.8] 172,187] 166,927
6,984) 6,792] 6,645} +2.8) +2.2] -4.0/ 6,788] 6,027] 7,207) 6,228) +9.0 53,614} 51,366

Durable goods industries :
Nondefense capital goods * 51,118] 51,316] 2,405
Excluding aircraft and parts 43,649] 44,124) 45,014]

Defense capital goods * 6,699] 6,495] 6,304]

Durables excluding capital goods . | 130'851) 129.096] 127'827|

-2.1[  +3.6) 47,770} 44,305] 61,884] 44,367 +7.7| 396,813] 359,129
21 +4.7| 40,745] 37,828] 53,557) 38,077 +7.0| 338,934) 307,689
+3. -3.9) 6,463! 5,691 6,881 5,829] +10.9 50,839{ 48,381
+14 0.6 132,111] 108,996} 135,977) 128,126) +3.1] 1,027,508} 994,142

Miscellaneous series :
Producers’ durable equipment ++ | 121,788] 120,398] 120,618}
Household durable goods . . . 9,299) , E
Information technology industries .| 24,740] 24,835} 25,298)
Health care equipment

0.2] +0.1) 119,065] 97,546] 134,328) 113,104) +5.3} 950,825} 894,700
+16) +2.4) 9,295 8,281] 10,157] 8,735) +6.4 72,313} 66,745
-1.8| +4.) 22,752] 20,382] 31,310) 21,494) +5.9] 187,169} 169,440

and products .............04 11,912] 11,962] 12,261 -0.4] 2.4) +54) 11,689} 11,130] 13,091] 10,771 +8.5 92,610} 85,102
NEW ORDERS
All manufacturing industries... . . | 337,732) 334,821] 331,188] +0.9] +1.1]  +0.3] 336,156] 306,253] 349,890] 333,072) — +0.9|2,652,449 2,581,640

Market categories :
Automotive equipment .........| 14,594] 13,276} 13,212] +99] +05) -7.3] 15,009] 8,363) 13,765] 14,347] +4.6} 111,701] 110,653
Home goods and apparel -| 19139] 19:105] 19,020] +0.21 +0.4] +0.7] 20,088] 17,919] 20,048] 19,007] +5.7| 148,506] 143,749
Consumer staples 69,560] 69,283] 69,623] +04] -0.51  +1.5] 70,991] 67,646] 71,952] 69,595] +2.0} $45,402] 529,961
Machinery and equipment 67,133] 62,709] 63,470] +7.1) 1.2] -0.5] 63,850] 52,752| 71,748] 57,822] +104] 502,601] 462,065
Business supplies 25,480| 25,666] 25,635| -0.7]  +0.1]  +0.4] 25,639} 24,501] 26,759] 25,450] +0.7) 202,517] 198,620
Construction materials

and supplies
Defense products
Other materials, supplies and

21,738] 21,986] 21,781 -1.1) +0.9) +1.7} 22,747] 21,569) 23,448] 22,306) +2.0| 172,609} 168,177
5,293} 5,901 6,111} -10.3) -3.4[ +8.7] 4,026) 4,423 6,081, 4,565 “118 46,082} 45,033

and intermediate products ......} 114,795} 116,895] 112,336] -1.8]  +4.1]  +0.2) 113,806] 109,080] 116,089] 119,980] 5.1] 923,031] 923,382
Durable goods industries :

Nondefense capital goods >. .....1 $5,161] 50,763] 51,053] +8.7] -0.6| +04) 51,659) 43,832] 59,785] 44,856] +15.2] 401,323) 361,181

Excluding aircraft and parts ++ | 44,741] 43,708) 44,412] +2.4) -1.6| +3.2) 41,683) 37,492] 52,208} 37,620] +10.8] 340,412} 311,578

Defense capital goods* .... . 4,906 5,522 5,655) -11.2 -2.4, +48) 3,527) 3,919 5,589] 4,042] -12.7 43,581] 41,984
Durables excluding capital goods . | 129,768] 130,332] 126,278] -0.4| +3.2} 0.2) 130,110} 114,886] 130,728) 133,232 2.3 1,028,442 |1,010,930

Miscellaneous series :
Producers’ durable equipment . . . . | 124,330] 119,173] 119,480] +43] -0.3) 1.4] 121,518] 97,641] 131,701] 114,229] +6.4] 955,115] 903,449
Household durable goods . . --| 9,403] 9,373] 9,509} +03] -1.4) +2.61 9,425] 8,249] 10,166] 8,485) +11.1] 71,920] 68,423
Information technology industries .| 24,448| 24,505] 25,545] -0.2) -4.1|_ +3.5| 22,419] 20,212] 31,359] 20,668] +8.5| 189,189] 172,431
Health care equipment
and products .......... ...] 11,900} 12,336] 12,404] -3.5] -0.5] +6.5) 11,709} 11,864] 12,792] 11,007] +6.4] 93,827] 85,663

° 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 error and revision.


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

Inventory / Shipments ratio Unfilled Orders / Shipments ratio!

Industry Aug. July June May Aug. July June May
1998" 1998" 1998 1998 1998 1998" 1998 1998
All manufacturing industries . 139 139 139 1.40 274 272 2.74 2.79
Durable goods industries ....... . 137 158 1.58 158 3.24 3.23 3.24 331
Stone, clay, and glass products... . 114 112 113 114 084 034 0.84 082
Primary metals... .... feces 1.65 1.65 1.64 161 211 216 219 221
Fabricated metal products... 2... | 155 152 1:56 154 141 Val 1.46 1.46
Industrial machinery and equipment . 1.66 161 161 1.67 21 2.04 2.04 2.14

Electronic and other ”
electrical equipment .. . 130 129 132 139 1.88 1.89 1.86 195
Transportation equipment .. .. . 1.72 185 1:83 1.68 10.43 10.80 10.44
Instruments and related products . . . - 1.93 1:90 1.88 1.94 3.49 3.43 3.54
Nondurable goods industries ...... . 1.16 1.16 115 1.16 0.64 0.64 0.65 0.66
Food and kindred products . 0:90 0.92 0.92 0:93 (X) (X) 00) (x)
Tobacco products ...... 1.58 1.64 161 1.69 &) (X) (xX) (X)
Textile mill products 1.52 148 154 152 (NA) (NA) (NA) (NA)
Paper and allied products. . 121 119 119 118 (NA) (NA) (NA) (NA)
Chemicals and allied product 1.44 1.43 1.40 141 &) () &) &
Petroleum and coal products 092 0.90 0.88 0.89 fe) & &
Rubber and plastics products 127 127 128 127 &) &) &) &)

? 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
Aug Aug. Aug Aug.
Aug? | 1997- Aug? |} 1997- Aug? | 1997- Aug? | 1997
Aug.' | 1993-] July | Aug.' | 1993-} July | Aug.’ | 1993-] July | Aug! | 1993-] July
1998 | 1997] 1998} 1998] 1997] 1998} 1998] 1997] 1998} 1998] 1997] 1998
All manufacturing industries .. . . () 02 02 (xX) 0.2 0.2 (Xx) 0.0 0.1 (xX) 0.0 O1
Durable goods industries ....... : 02 02 02 0.1 03 02 0.1 0.0 0.1 (X) 01 0.1
Stone, clay, and glass products . (x) 04 03 (x) iat 0.6 (Xx) 0.7 0.5 (X) 0.1 02
Primary metals ......... orn ry) 03 03 0.2 13 07 03 05 02 &) 01 ol
Fabricated metal products ........ (xX) 02 02 (xX) 03 04 (xX) 0.2 02 (X) 03 0.1
Industrial machinery and equipment 0.4 03 03 02 02 03 0.0 01 ol &) 02 on
Electronic and other

electrical equipment. . 03 04 06 1.0 06 09 05 02 04 & 01 OL
Transportation equipment .. . . . . 0.1 05 06 10 1.0 07 02 0.1 01 &) 0.0 03
Instruments and related products a) 02 04 (e9) 07 09 &) 02 02 & 01 Ol
Nondurable goods industries . . . . (xX) 0.1 02 () 0.1 0.1 (x) 0.2 02 (xX) 0.0 0.0
Food and kindred products . . (X) 02 03 ) es) &) (X) (X) es) () 0.1 02
Tobacco products . . . & 0.0 0.0 & &) (X) & te & & 0.0 O1
Textile mill products (X) 01 03 (X) | (NA) | (NA) (xX) | (NA) | (NA) (xX) 01 0.1
Paper and allied products... . . . (Xx) 02 02 (Xx) | (NA) | (NA) (x) | (NA) | (NA) (X) 0.1 0.1
Chemicals and allied products . (X) 0.1 03 (xX) (xX) (xX) (X) (X) (X) (X) 0.1 01
Petroleum and coal products (X) 03 0.2 (xX) (x) (xX) (x) (xX) (xX) (xX) 0.6 0.4
Rubber and plastics products (xX) 0.1 02 (x) (xX) (X) (xX) (x) (x) (x) O1 01

Capital goods industries :
Nondefense - Ol 02 03 10 03 05 01 0.0 0.1 (X) Ol 02
Defense .... 1 04 08) 05 64 25 0.0 03 02 (X) 1 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.
2 Average for this month for the last five years.
See note at end of table 2 relating to survey error and revision.


CURRENT INDUSTRIAL REPORTS

oN
ey

Manufacturers’ Shipments,
Inventories, and Orders

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

August 1998
M3-1-(98)-08
For Wire Transmissions 10:00 a.m. E.D.T. October 2, 1998

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 August increased $2.9
billion or 0.9 percent to $337.7 billion, the Department of Commerce,
Bureau of the Census reported today. This follows a 1.1 percent July
increase and is the fifth increase in the last six months. Excluding
transportation, new orders decreased 1.2 percent, the first decline
since May. Year to date, new orders are 2.8 percent above the same
period a year ago.

Shipments increased $1.3 billion or 0.4 percent to $336.7
billion, following a 0.1 percent July increase. This is the third
consecutive monthly increase. Year to date, shipments are 3.4
percent above the same period a year ago.

Unfilled orders, up for the first month since April, increased
$1.0 billion or 0.2 percent to $530.0 billion, following a 0.1 percent
July decrease. The unfilled orders-to-shipments ratio was 2.74, up
from 2.72 in July.

Inventories increased $0.8 billion or 0.2 percent to $468.4
billion. This is the nineteenth increase in the last twenty months.
The inventories-to-shipments ratio was 1.39, unchanged from 1.39 in
July.

New Orders

New orders for manufactured durable goods in August
increased $3.2 billion or 1.7 percent to $189.8 billion, revised
from the previously published 1.6 percent increase. This follows
a 2.0 percent July increase and is the fourth increase in the last
five months. Transportation equipment, up for the second
consecutive month, had the largest increase, $6.4 billion or 16.1
percent to $46.2 billion; led by aircraft and parts and motor
vehicles and parts, all industries increased. This follows a 1.1
percent July increase. Electronic and other electrical equipment,
down for the first month since May, decreased $2.3 billion or 6.9
percent to $30.6 billion, due to electronic components. This
follows a 9.2 percent July increase.

New orders for nondurable goods, down for the first month
since May, decreased $0.3 billion or 0.2 percent to $147.9
billion. This follows a slight July increase. Declines in
petroleum and coal products, printing and publishing, and
chemicals and allied products more than offset an increase in food
and kindred products.

Shipments

Shipments of durable goods in August increased $1.8 billion

or 0.9 percent to $188.7 billion, revised from the previously

ublished 1.1 percent increase. This follows a 0.2 percent July

increase and is the third consecutive monthly increase.

Transportation equipment, up for the first month since March,
had the largest increase, $3.4 billion or 8.5 percent to $44.0

billion. This follows a 0.7 percent July decrease. Industrial
machinery and equipment, down three of the last four months,
decreased $1.0 billion or 2.6 percent to $36.8 billion. This
follows a 0.3 percent July decrease.

Shipments of nondurable goods, down four of the last five
months, decreased $0.4 billion or 0.3 percent to $148.0 billion,
following a 0.1 percent July decrease. Declines in petroleum and
coal products, printing and publishing, and chemicals and allied
products more than offset an increase in food and kindred
products. Petroleum and coal products, down eleven of the last
twelve months, decreased $0.5 billion or 3.9 percent to $11.7
billion. This follows a 2.1 percent July decline. Food and
ki dred products increased $0.7 billion or 1.8 percent to $41.3
billion, following a 0.2 percent July decline.

Unfilled Orders

Unfilled orders for durable goods in August increased $1.2
billion or 0.2 percent to $505.8 billion, revised from the
previously published 0.1 percent increase. This follows a 0.1

ercent July decrease and is the first increase since April.

‘ransportation equipment, up for the first month since April, had
the largest increase, $2.2 billion or 0.9 percent to $252.7 billion.
This follows a 0.3 percent July decrease. Industrial machinery
and equipment, up for the first month since March, increased
$0.8 billion or 1.0 percent to $73.4 billion, following a 0.2
percent July decrease. Primary metals decreased $0.5 billion or
1.6 percent to $31.8 billion. “This follows a 2.1 percent July
decrease and is the sixth consecutive monthly decline.

Inventories

Inventories of durable goods in August increased $1.2
billion or 0.4 percent to $296.9 billion, following a 0.2 percent
July increase. This is the eighth consecutive monthly increase
and the eighteenth in the last twenty months. Transportation
equipment, up for the eighth consecutive month, had the largest
increase, $0.8 billion or 1.1 percent to $75.9 billion. This
follows a 0.6 percent July increase.

Inventories of nondurable goods, down for the first month
since December, decreased $0.4 billion or 0.3 percent to $171.5
billion, following a 0.2 percent July increase. Food and kindred
products had the largest decrease, $0.3 billion or 0.8 percent to

37.1 billion. This follows a slight July decrease and is the third
consecutive monthly decrease.

By stage of fabrication, August finished goods increased 0.3
Percent in durables and declined 0.2 percent in nondurables.
ork in process increased 1.2 percent in durables and decreased
1.2 percent in nondurables. Materials and supplies decreased 0.5
percent in durables and increased 0.1 percent in nondurables.

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

‘The advance report on durable goods for September is scheduled for October 28, 1998 at 8:30 a.m. and the full report on November 4, 1998 at 10:00a.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) (202-482-3870).


Nondefense Capital Goods 1
New Orders and Shipments

Three Month Moving Averages
Billions of Dollars

New Orders

B2p| ik - - - - = - 2 eee ee fe N\-- ee {52
Shipments

a7} ----------- 2-2-2 eK ----- -- ----- ------ 447
a

42} --------- +22 eee eee eee eee eee ee eee eee --- +42

A -+|37
1 al. 1 L \ L 1 1 1 L 1 L 1

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

Defense Capital Goods
New Orders and Shipments

Three Month Moving Averages

Billions of Dollars
10 10
New Orders

gL-------------------------------------

Shipments

4 1 1 1 L i 1 le 1 i 1 L L 1 4
Aug Oct Dec Feb Apr Jun Aug Oct Dec Feb Apr Jun Aug

Aug. 1996 - Aug. 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
Aug. July June | July- | June- | May- Aug. July June Aug. | Aug.
1998" 1998" 1998 | Aug. July | June | 1998" 1998" 1998 1997 | 98/97
MATERIALS AND SUPPLIES
All manufacturing industries 155,661 | 156,118 | 155,572 03] +04] +06 | 155,934 | 156,626 | 154,597 | 150,086 43.9
Durable goods industries .... . . 92,951 | 93,445 | 93,198 05] +03 93,648 | 93,984 | 92,252 | 89,933 +41
Stone, clay, and glass products : 04! 3,031 3,001 | +06] +10 3,084 | 3,038 | 3,002 2,954 +44
Primary metals -. 8011 8,034 | 8,045 03] 01 8,073 8,039 | 7896 | 7,974 +12
Fabricated metal products | 10,693 | 10,780 | 10,728 08] +05 10,708 | 10,804 | 10,718 | 10,102 +6.0
Industrial machinery and equipment 19,755 | 20,005 | 19,807 2] +10 20,137 | 20,141 | 19,658 | 19,640 425
Electronic and other
electrical equipment . . . 15,726 | 15,719 | 15,710 oo] +01 15,900 | 15,957 | 15,587 | 15,442 43.0
Transportation equipment . . .. . 15518 | 15,737 | 15,671 14) +04 15,497 | 15,956 | 15,512 | 14,799 +47
Instruments and related products - 9258 | 9223 | 9307 | +04] -09 97335 9280 | 9,371 8,685 475
Lumber, furniture and
miscellaneous durable goods 10,941 | 10,916 | 10,929} +02] -0.1 10,914 | 10,769 | 10,508 | 10,337 45.6
Nondurable goods industries 62,710 | 62,673 | 62,374 | +01 | +05 62,286 | 62,642 | 62,345 | 60,153 43.5
Food and Kindred products 11,499 | 11,529 | 11/331 03] +17 15165 | 11,291 | 11,189 | 10,585 45.5
Tobacco products... . . : 3817 | 4886 | 4,949 14] 0-13 4618 | 4597 | 4,679 | 4,839 46
Textile mill products. - 3,003 2977 | 2988 | +09] 04 3,003 3,022 | 3,010 | 3,054 17
Paper and allied products... 8169 | 8154] 8116} +02] +05 8118 | 8080 | 8,059 | 7,597 +69
Chemicals and allied products 15,518 | 15,385 | 15329 | +09] +04 15,523 | 15,504 | 15,481 | 14,503 +70
Petroleum and coal products 3303 364 | 3,204 18] +50 3 3392 | 3,254 | 3,830 | -13.7
Rubber and plastics products... . 6828 | 6790 | 6,788 | +0.6 0.0 6737 | 6849 | 6,781 6,342 +62
Apparel, printing and publishing
and leather goods ..........-- 9,573 9,588 | 9,669 02} 08 9818 | 9,907 | 9,892 | 9,403 +44
WORK IN PROCESS
All manufacturing industries 152,184 | 151,045 | 151,248 | +08] -0.1 | +02 | 154,030 | 151,705 | 149,912 | 146,483 45.2
Durable goods industries . . . 122,856 | 121,367 | 121,420 | +12 0.0 | +03 | 124,723 | 122,063 | 120,691 | 117,997 45.7
Stone, clay, and glass products . 1367 1351 1316} +12] 427] +09 1370 1,366 1,334 1308 +4.7
Primary metals. 8,618 | 8,613 8526 | +01] +10 -10 | 8,661 8,737 8511 8,848 2.1
Fabricated metal products : 9,025 9,063 079 04] 0.2] +0.7] 9185 | 91182 | 9,099 8,782 +46
Industrial machinery and equipment | 23,040 | 22622 | 22,736 | +18] -05 -0.6 | 23,414 | 22,743 | 22,621 | 22,659 433
Electronic and other
electrical equipment . 14,204 | 14,101 | 14,544 | 40.7] -3.0 -09 | 14,391 | 14,192 | 14,602 | 14,107 +2.0
Transportation equipment . 51/331 | 50301 | 49925 | 420] +08] +13 | 52101 | 50191 | 49,145 | 46,538 | +12.0
Instruments and related products 9973 | 10,003 | 9,967 03] +04 -05 | 10,230 | 10,275 | 10,040 | 10,458 22
Lumber, furniture and
miscellaneous durable goods . . 5,298 5,313 5,327 03} 03 | +02 5,371 5,377 5,339 5,297 +14
Nondurable goods industries 29,328 | 29,678 | 29,828 -12}  -0.5 | +01 | 29,307 | 29,642 | 29,221 | 28,486 429
Food and Kindred products . 5,611 726 | 5,812 20] -15 0.0 3165 5,217 5,278 5,365 37
Tobacco products . 108 121 119 | -10.7] +17 2.5 109 114 105 112 27
Textile mill products, 2,682 | 2,677 | 2,668 | +02] +03] +10] 2,694 | 2,690} 2,641 2,678 +06
Paper and allied products . 1,602 1,584 1575 | +11] +06 38 1,616 1,596 1,584 1,586 +19
Chemicals and allied products 8,689 8,720 | 8,690 04] +03] +01 8,778 8,869 8,717 7462 | +176
Petroleum and coal products 2452 | 2578 | 2,612 49] -13 -18 | 2477 | 2594 | 2,612 | 2,854 | -13.2
Rubber and plastics products. . 2225} 21207 | 2241 | 408] «1S | 43.1 2/225 | 21174 | 24180 | 2,250 Al
Apparel, printing, and publishing
and leather goods . . . 5,959 6,065 6.111 7] -08 | +07 | 6,243 6,388 6,104 | 6,179 +10
FINISHED GOODS
All manufacturing industries... .. 160,554 | 160,473 | 159,881 | +0.1 | +04 -0.2 | 161,436 | 160,889 | 159,986 | 158,554 +18
Durable goods industries ....... 81,064 | 80,857 | 80,525 | +03 | +04 0.0 | 81,292 | 81,107 | 80,807 | 80,007 +16
Stone, clay, and glass products . 4755} 4.730 | 4.793 | +05} -13 07 | 4,682 | 4,77 4,889 | 4,717 0.7
Primary metals... 2... . 8,238 8116 | 8.041 | +15] +09] +12 8,190 | 8,075 8,057 7757 +56
Fabricated metal products 11,275 | 11,096 | 10.942 | +16) +14 00 | 114i | 11166 | 11,254 | 10,291 +83
Industrial machinery and equipment 18,145 | 18,276 | 18,357 07| -04 | +10 | 18}082 | 18146 | 17,954 | 18,421 18
Electronic and other
electrical equipment 10,503 | 10,525 | 10,564 02} 04 -23 | 10,763 | 10,717 | 10,562 | 11,246 43
Transportation equipment... . . 9,004 8994 | 9,001 | +0.1 -O.1 | +22 203 | 9109 | 9,071 224 0.2
Instruments and related products - 7,433 7,433 7,402 oo| +04] +01 7548 | 7,455 7,443 77340 428
Lumber, furniture and
miscellaneous durable goods . . . . w7it | 11,687 | 11,425 | 40.2] 423 -14 | 11,683 | 11,667 | 11,577] 11,011 +6.1
Nondurable goods industries . 79,490 | 79,616 | 79,356 02} +03 -03 | 80,144 | 79,782 | 79,179 | 78,547 +20
Food and Kindred products . 20,033 } 20,169 | 20,284 07] 06 -11 | 20,527 | 191825 | 19,377 | 20,082 422
Tobacco products . . 62! 658 648 46] +15 23 505 499 492 528 44
Textile mill products... 4,604 | 4,631 4,597 0.6 | +07 04 | 4,683 4,716 | 4,676 | 4,537 432
Paper and allied products . . . 6850 | 6846] 6807] +01] +06] +06] 6,845 6,837 6.819 | 6,577 +41
Chemicals and allied products 22:308 | 22,277 | 22,042 | +01 | +11 | +0.1 | 22,096 | 22,110 | 21,837 | 20,388 +84
Petroleum and coal products : 9. 964 5,120 04] 3.0 0.9 983 Sogo | 5,228 | 6,10 “18.4
Rubber and plastics products... . 7658 | 7,653 | 7,668 | +0.1 0.2 0.1 7,540 | 7,623 7782 7,603 08
Apparel, printing and publishing =
and leather goods ........ 12,465 | 12,418 | 12,190 | +04] +19 02 | 12,965 | 13,092 | 12,968 | 12,723 +19

° 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
Aug July June} July-| June-]_ May- Aug. July June Aug.| Aug.
1998” 1998" 1998] Aug. July} June] 1998" 1998" 1998 1997] 98/97
All manufacturing industries. . . . 530,029] 528,989] 529,548] +02] 0.1 -0.7| 529,540] 531,291] 527,169] 523,608] +1.1
Manufacturing industries
without defense capital goods 433,451] 430,618] 430,204] +0.7] = +01 -0.8| 434,582] 433,397] 427,503] 420,301] +34
Durable goods industries. 505,765 | 504,598] 504,888) +02)  -0.1 -0.7| 304,520] 505,568] 501,923} 496,768] +16
Stone, clay, and glass products . . 6,455) 6,497) 6,414 +13] +425] 6,481 6,561 6449] 6,440| +06
Primary metals. . . 31,794] 32,312] 33,007 21 18] 31,283] 32,088] 32,915] 32,864) 4.8
Blast furnaces, steel mills... 12,879 | 13,397] 14,021 45 -19] 12,627) 13,303] 13,958] 13,340) -5.3
Iron and steel foundries... . 5,673} 5,531 5,630 13] -30] 5586] 5516] 5,667] 4,991] +119
Nonferrous and other primary
metals ........ : 13,242| 13,384] 13,356] 11] +02] 1.1] 13,070] 13,269] 13,290] 14,533] -10.1
Fabricated metal products... - | 26,643} 26,944] 27,121 07) -O1] 26,865) 27,288] 27,195] 26,357) +19
Industrial machinery and equipment . | 73,436] 72,683] 72,857] +1.0] = -0.2] = -1.3] 72,548] 71,891] 71,967) 73,289) -1.0
Engines and turbines .......... 13,168) 11,924] 11524] +104] +35] © -27] 12,906] 11,491] 10,912] 11,744) +9.9
Construction, mining and
material handling equipment . 10,718] 11,098] 11,348 34/22 0.0] 10,279] 10,886] 11,372] 9,133] +125
Metalworking machinery 7342} 7320] 7272] +03] 40.7] -15] 7,342] 7,320) 7,272] 8,118 9.6
Computer and office equipment . . 7989} 7872] 7,857] +15] +02] +03] 8,171 8,085] 7,922] 8,621 5.2
Electronic and other
electrical equipment ...... 58,411] 58,913] 57,289] -09] 428] -14] 59,423] 60,454] 55,291] 56,693] 44.8
Electrical transmission and
distribution equipment and
industrial apparatus ..... . 6468} 6,436] 6,477] +05 0.6] +09) 6474] 6,450} 6,465] 6,869] -5.8
Electric lighting and
wiring equipment 5,186] 5,207] 5,237] -04] 06] = 1.5} 5,186} 5,207] 5,237) 4,837] 47.2
Communications equipment 16842| 17/039] 17360) -12] -18] = +0.2] 16,814] 17,027} 17,359] 14,680) +14.5
Electronic components . 24202} 24370] 22,194] -07] +98] -33] 25,110] 25,949] 20,278) 23,678) +6.0
Transportation equipment . . . 252,694 | 250,539] 251327] +09} -03 -0.6| 251,518} 250,230} 251,320] 242,826] +3.6
Aircraft, missiles,
space vehicles, and parts. 217,724| 215,817| 216211] +09] -02] 1.0] 216,472] 215,459] 216,401] 210,628) +28
Shipbuilding and tanks . . 16,926| 17,443] 17,964 -3.0 29 43.7] 16,938] 17,485] 18,032] 17,733 45
Instruments and related products . 48.271) 48,661] 48,733 08) 0.1 0.0] 47,987] 48,595] 48,580] 49,836] -3.7
Search and navigation equipment 27412| 27,792] 28,176] -L4 4] +06] 27,072] 27,685] 28,309] 29,191 -13
Measuring and controlling devices . 10,265] 10,257] 10,124 +0.1 H13 18] 10,265] 10,257] 10,124] 10,673 38
Medical instruments and supplies 9594] 9605} 9230] -01] +41] +16] 9,640] 9,618] 8,885] 8,071] +19.4
All other durable goods . . 8,061 8049 8140] +01 si] 43.1 8415] 8,461 8,206] 8,463 -0.6
Nondurable goods industries 24,264] 24,391] 24,660 -0.5 old 15] 25,020} 25,723] 25,246] 26,840 68

» Preliminary. * Revised.

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


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

Seasonally adjusted Not seasonally adjusted!
Monthly Percent Change Monthly Percent] Year to date
Industry change

Aug.| July] June | July-| June-} May-| Aug.| July} June | Aug. | Aug.
1998" } 1998} 1998} Aug.| July] June} 1998°] 1998"| 1998] 1997] 98/07] 1998 | 1997

All manufacturing industries .... . | 337,732] 334,821} 331,188] +09] +1.1]  +0.3| 336,156] 306,253] 349,890] 333,072] +0.9|2,652,449 12,581,640
Manufacturing industries

with unfilled orders ...... . + | 194,788) 193,917) 189,515) +04] +23] +0.8) 190,193] 176,841] 201,963] 186,738] +1.9| 1,514,866 1,448,244
without defense capital goods... . 332,826) 329,299] 325,533] +1.1] +1.2|  +0.21 332,629) 302,334] 344;301] 329,030] +1.1]2'608,868 |2.539°656
Duyable goods industries ........ | 189,835] 186,617] 182,986 +1.7] 42.0] +0.1] 185,296] 162,637} 196,102] 182,130] —_+1.7/ 1,473,346 1,414,095
With unfilled orders... .-.... | 157,169] 155,874] 152130] +0.8 +23] +1.0| 151'824] 139,543] 163,705] 149's08| +15 1,217,421 [1,162,030
plone, clay, and glass products .....| 8.029 8.187 8,192] -1.9] 0. 43.4) 8,452] 8361] 8859 7868] 47.4)” 63°795 59,516
PHY als ev mite 00 /| M581] 14.273) 14453] 422) 12) 3.3) 14204) 12°753] a’st4} isisso} 104] 1207718] 130036
Blast furnaces, steel mills .......] s,610] 5,382] 5,850 +42/ -8.0 -6.9) 5/384] 4/805] 1682] 6306| -14.6| 48°968 53,209

Iron and steel foundries :
Nonferrous and other primary
metals........ fetes 7,366) 7,521} 7,325] -2.1]  +2.71 42.2} 7,257) 6,859] 7,499] 8,134
Fabricated metal products. .......1 19,746) 20,132] 19.722] 19] +21) +05] 20071| 187222] 20951] 19°479|
Industrial machinery and equipment .| 37,574] 37,636 36,922| -02] +19] +19) 34,648] 32,179] 43,007] 32,038]
Engines and turbines vossessf 3,521) 2,645] 1,988) +33.1] +33.0] -1.2) 3,423) 25187] 2524] 2044
Construction, mining and
material handling equipment 3,948) 4,290) 4,580] -8.0 -6.3)+5.1] 3,511] 3,702] 4,794] 3,736
Metalworking machinery . . . 3,473) 3,503} 3,323} -0.9) +5.4)  -1.5] 3,313] 2,980] 3,729] 3.514)
Computer and office equipment...) 11,215] 11,261] 11,213] -0.4| +04] +73] 9905 8/850] 15,123] 7.936
Electronic and other
electrical equipment .........
Electrical transmission and
distribution equipment and

1,605 1,370 1,278) +172] +72} -14.0) 1,563, 1,089 1,333 1,419) +10.1 12,214) 11,768

59,539] 65,059
157,871} 150,893
290,609] 264,825

17,557] 13,987

34,411| 30,715
26,529] 25,937
82,151] 67,908

30,584] 32,840) 30,072] -6.9] +9.2] +3.2) 29,314] 32,182 30,788] 33,634] -12.8] 242,036} 230,570

industrial apparatus... . .. “-} 3,733] 3,764) 3,656] -0.8) +3.0, 43.7] 3,652] 3,377] 3,946] 3,233/ +13.0) 28,889] 27,141
Electric lighting and
2,197] 1,852) 2,163] 2,265] -3.0}_ 17,608] 17,149

wiring equipment ....... s+-f 2,220) 2,212) 2,117) +0.4]  +4.5}
Communications equipment : 6,745} 6,463] 7,315] +44] -11.4 6,150] 5,332} 8,617] 6,230] -1.3] 54,587] 49,639
Electronic components 12,757] 15,158] 11,844] -15.8] +28.0 +13.0} 11,973] 17,083] 10,597] 16.347|  -26.8| 100,977] 95.767
Transportation equipment 46,160) 39,768] 39,349) +16.1] +1.1] -7.2) 45,543] 27,428] 41,140) 41,026] | +11.0] 336,359] 320,400
Aircraft, missiles,

face vehicles, and parts. .....| 12,943] 10,172] 8,480] +272] +209) -21.2| 11,517] 8,432| 9,059] 9,379] 422.81 83,126 72,386
Shipbuilding and tanks ...... 486) 373) 1,592| +303) -76.6] 536.8] 4591-285] 1,835] 392] +171] 5805} $309
Instruments and related products ....| 13,433] 13,970 3} 12,825] 12,623] 15/244) 12,611] +1.7] 107,546] 107,072
Search and navigation equipment .] 2741] 2'701 2,419} 2,129) 3,481! 2,124) 413.9] 217583] 21.789
Measuring and controlling devices .| 3,905 4,195 3,862) 3,698) 4,162] 4,189] -7.8] 31:529] 32750
Medical instruments and supplies 4,352] 4,849 ; 4,256 4,809} 4,879} 4.279] —-0.5| 36.272] 33,197
All other durable goods .......... 19,728] 19,811 -1.3/ +43] 20,239) 18,889] 21/599] 19,615] +32] 154,412] 150,783
Nondurable goods industries . ..... .| 147,897] 148,204] 148,202] -02| 0.0) +0.5| 150,860] 143,616] 153,788] 150,942] _ -0.1| 1,179,103 1,167,545
With unfilled orders ....... “-} 37,619) 38,043] 37,385) -1.1] +1.81 0.0) 38,369} 37,296] 38,258| 37,230] +3. 297,445] ‘286214

’ 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 error and revision. One major component of survey error is nonsampling error,
which includes errors of coverage, response, and nonreporting. Since the survey panel is not a probability sample, estimates of sampling error cannot be calculated. Further
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
(Millions of dollars)

FOR INDUSTRY GROUPS

‘Seasonally adjusted

Not seasonally adjusted’

Monthly Percent Change Monthly Percent | Year to date
Industry change
Aug.} July} June | July-} June-| May-| Aug.| July| June | Aug. | Aug.
1998"| 1998] 1998] Aug.) July] June} 1998°] 1998] 1998] 1997] 98/97} 1998" } 1997
All manufacturing industries... . 336,692] 335,380] 335,110] +0.4] +0.1|  +0.4) 337,907] 302,131] 358,824] 329,999] +2.42,654,467 2,566,984
Manufacturing Industries
with unfilled orders ......... 193,748] 194,476] 193,437] -0.4]  +0.5| +1.1] 191,944] 172,719] 210,897] 183,665]  +4.5] 1,516,884 1,433,588
without defense capital goods . . . | 329,993] 328,885] 328,806] +0.3| 0.0} +0.5] 331,444] 296,440] 351,943| 324,170] +22] 2,603,628 2,518,603
Durable goods industries. 188,668] 186,907] 186,536] +0.9] +0.2|  +0.4] 186,344] 158,992] 204,742] 178,322]  +4.5] 1,475,160 1,401,652
With unfilled orders 002] 156,164] 155,680] -0.1] | +03 +1.4) 152,872] 135,900] 172,345] 145,700] +4.9} 1,219,235 11,149,587
Stone, clay, and glass products. . 8,071] 8,104] 8,033] -0.4] +0. +0.6 8532] 8,249] 8,712| 8,044] +6.1] ' 63,490] 59,580
Primary metals... . 15,099] 14,968] 15,049] +09] -0.5] -0.8| 15,009} 13,580] 15,842] 15,695] -4.4] 123,773] 126,439
Blast furnaces, steel mills’. 6,128} 6,006] 6,124] +2.0] -1.91 -1.2} 6,060] 5,460] 6,425] 6,334] -43] 50,696] 51,769
Iron and steel foundries 1,463] 1,469] 1,452) -0.4] +12} 1.8 1,493) 1,240] 1,552] 1,444] 43.4] 12,104] 11,079
Nonferrous and other primary
metals 7,508| 7,493] 7,473] +0.2| +03] -0.3] 7,456} 6,880] 7,865] 7,917| 5.8] 60,973] 63,591
Fabricated metal products -| 20,047] 20309] 19,755] -1.3] 42.8] 40.1) 20,494] 18,129] 20,951] 19,473) +5.2| 157,356] 148,439
Industrial machinery and equipment .| 36,821] 37,810] 37,915] | -2.6{ -0.3] +3.7} 33,991] 32,255] 44,856] 31,849] +6.7| 291,486] 264,606
Engines and turbines 2,277] 2/245] 2;310] +14] 2.81 +15] 2,008) 1,608) 2,829] 1,806) +112] 17,185] 15,217
Farm and garden machinery 2,019} 2,109] 2166] 4.3] -2.6 +23] 1,620] 1,669] 2,224] 1,638] 1.1] 17,975] 16,318
Construction, mining and
material handling equipment . . . 4,328] 4,540 4,581] -4.7] -0.9] +73) 4,118] 4,188] 4,996] 3,692] +115] 34,498] 30,201
Metalworking machinery .. . 3,451] 3,455] 3,430] -0.1] 40.7] +05) 3,291] 2,932] 3,836] 3.331] -12| 26,336] 26,034
Computer and office equipment... | 11,098] 11,246] 11,190] -13{ +05] +74] 9,819] 8,687] 15,262] 8,447] +162] 81,612] 69,267
Electronic and other
electrical equipment ........... 31,086] 31,216] 30,882] -0.4) +1.1) +3.7] 30,345] 27,019] 33,909] 29,146) +4.1] 235,919] 222,180
Electrical transmission and
distribution equipment and
industrial apparatus ......... 3,701] 3,805] 3,600] -2.7] +5.7] 42.2) 3,628] 3,392) 3,986] 3,323) +9.2] 28,933] 26,883
Household appliances... . 2,079} 2,196] 2130] 5.3} +31) +39) 2,098] 2,041] | 2,467] 1,948] 47.7] 16,551] 15,139
Electric lighting and
wiring equipment ............. 2,241) 2,242) 2,197] 0.0] +20) -0.7] 2,218] 1,882] 2,243] 2,154] +30] 17,349) | 16,822
Household audio and
video equipment . 1,019] 1,033] 1,039] -1.4] -0.6f +09] 1,071] 898] 957] 1,041] 42.9) 7,471] 7,038
Communications equipi 6,942] 6,784] 7276] +23] -6.8| +43) 6,363/ 5,664] 8,593} 6398] -0.5] 52,104] 47,385
Electronic components . 12925] 12,982] 12593] -0.4)  +3.1] +66 12,812) 11,412] 13,520] 12,084] +6.0] 97,407] 91,705
Transportation equipment . .. . 44,005} 40,556} 40,857] +85) -0.7|  -6.2} 44,255] 28,518] 43,265] 41,490] +6.7| 339,358] 326,725
Motor vehicles and parts . 29,643] 27,092] 26,760] +94) +12) -9.2) 30,356] 16,637] 27,659] 29,419] +3.2] 230,316] 227,307
Aircraft, missiles,
space vehicles, and parts. 11,036] 10,566] 10,658] +44] -0.9} -4.9 10,504] 9,374] 11,866] 9,348] +12.4) 84,774) 77,120
Shipbuilding and tanks . . 1003] 894] 953] +122) -6.2) +122] 1,006] 832] -—«1,077] 839] «-+19.9] 7,297) 7,040
Instruments and related products . 13,823] 14,042] 14,209] -1.6] -1.2) +3.1| 13,433] 12,608] 15,641] 13,134] +23] 109,688] 104,893
Search and navigation equipment 3,121] 3,085] 3,036) +12] +1.6| 42.7) 3,032} 2,753] 3,321) 2,629] +153) 23,754] 21,316
Measuring and controlling devices .| 3,897| 4,062] 4,056] -4.1] +0.1]  -2.3] 3,854] 3,565] 4,350] 4,231 -8.9] 32,117] 32,505
Medical instruments and supplies 4363] 4,474] 4,676] -2.5|  -43] +88) 4,234] 4,076] 5,179] 4,046) +4.6] 35,056] 32,652
Photographic goods ......... 1992] 1,969] 1,975] +12) -0.3) +2.7] 1,866] 1,763] 2,274] 1,796] $3.9] 15,117] 15,078
All other durable goods... . 19,716] 19,902] 19,836 -0.9} +03) +3.3] 20,285] 18,634] 21,566] 19,491] +4.1] 154,090] 148,790
Nondurable goods industries . 148,024] 148,473] 148,574) -0.3) -0.1]- +0.5] 151,563} 143,139} 154,082] 151,677] -0.1] 1,179,307 |1,165,332
With unfilled orders . . . 37,746] 38,312| 37,757] -1.5] +1.5] 0.0] 39,072) 36,819) 38,552] 37,965] +2.9] 297,649] 284,001
Food and kindred products 41,279] 40,562] 40,645] +1.8] -0.2] +13] 42,140] 39,068] 41,619] 40,045] +5.2) 321,630) 308,737
Meat products . . 8,936] 8,696] 8,752] +2.8] -0.6  -0.7] 9,269] 8,591] 8,954) 9,098] +1.9] 69,581] 68,316
Dairy products . 6,252} 6,156] 6,205] +1.6| -0.8| +4.1] 6358] 5,976] 6,417] 5,013] +268) 48,208) 38,994
Beverages . 6,148] 6,068] 6,130] +13] -1.0| +13] 6,651| 6,378] 6,940] 6,382) +4.2| 49,222] 46,964
All other foods, excep 17,836] 17,696] 17,517] +08) +1.0, +16 17,755] 16,177] 17,267] 17,587| +1.0| 137,993] 138,628
Tobacco products . 3,507] 3,444] 3,561] +1.8| 3.3) 44.1) 3,611] 3,357) 3,677) 3,323] +8.7] 27,186] 25,154
Textile mill products 6771] 6,940] 6,640] -2.4] +45! -1.6 7,101] 6,292) 7,255) 7,346] 3.3] 54,362] 55,223
Broadwoven fabrics and
other textiles ....... 4,032] 4,150} 4,051] -2.8) +24, 0.0 4,149] 3,596 4,340] 4,367] 5.0] 33,039] 33,778
Paper and allied products 13,765] 13,929] 13,879] -1.2] +0.4] -0.4| 13,972] 13,580] 14,452] 13,635] +2.5] 111,096} 105,819
Pulp, paper, and
paperboard mill products ...... 5,284] 5,310] 5,312] -0.5| 0.1] 5,353] 5,251) 5,473) 5,447] -1.7] 43,137] 42,188
Paperboard containers and boxes ..| 3,568) 3,724] 3,685] -4.2| +15| 3,635 3,593] 3,774] 3,369] +7.9] 29,006] 26,511
Miscellaneous converted
paper products... . . 4,913} 4,895] 4,882] +0.4 -1.5| 4,984] 4,736] 5,205] 4,819] +3.4] 38,953] 37,120
Chemicals and allied products 32/223) 32,468] 32,981] -0.8 +15] 31,701] 30,935] 34,935] 31,909| -0.7| 261,799] 259,585
Industrial chemicals . . . 14,745] 14,956] 15,147] -1.4 +0. 14,801] 14,475] 15,943] 16,205| —-8.7| 122,483] 130,034
Drugs, soaps, and toiletries . . 13,904] 13,788] 13,974] +0.8 +351 13,719| 13,008] 14,574] 12351] +11.1| 105,888] 96,349
Petroleum and coal products . . 11,685] 12,153] 12,416] -3.9 -1'3} 12314] 12,428] 12,965] 16,116] -23.6| 99,167] 118,406
Rubber and plastics products 13,199] 13,104] 13,001] +0.7 -0.3} 13,4491 12,150] 13,817) 13,121] +25] 105,788) 104,383
All other nondurable goods ....... 25,595] 25,873] 25,451] -1.1 0.0} 27,275] 25,329] 25,362] 26,182] +42] 198,279] 188,025
* 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 error and revision.