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

Seasonally adjusted

Not seasonally adjusted

Industry Monthly Percent Change Monthly Percent
change
May Apr. Mar.| Apr-|  Mar.-} Feb May Apr. Mar. May] May
1999° 1999" 1999] May] = Apr. Mar. 1999” 1999" 1999 1998] 99/98
All manufacturing industries . . 463,960} 463,194] 463,578] +0.2 -0.1 -0.1} 467,830] 465,450] 462,645 | 469,773 04
Manufacturing industries
with unfilled orders 308,764 | 309,172] 309,939 -0.1 0.2 -0.2| 312,503] 311,178] 308,289] 315,984 “ll
without defense capital goods 445,484] 444,828] 445,045 +01 0.0 0.1) 449,105] 447,150] 444,263] 451,131 0.4
Durable goods industries 292,461 | 292,415] 293,391 0.0 -0.2] 295,586} 294,019] 292,680] 297,637 -0.7
With unfilled orders 268,180] 268,271] 268,815 0.0 04] 271,377] 269,808} 267,338] 274,150 -1.0
Stone, clay, and glass products . 9,369 9,237 9258] +14 “0.1 9,630 443 9,482 9,348]  +3.0
Primary metals. 23,749] 23,651] 23,734] 40.4 18] 23,703] 23,527] 23,596] 24,468 31
Blast furnaces, steel mills 11,605} 11,574] 11,603] +03, -15} 144i} 11,321] 11,379] 11,841 34
Iron and steel foundries 1,619 1,616 1,625 +0.2 40.1 1,666 1,674 1,676 1,603 43.9
Nonferrous and other Primary
metals . . . 10,525] 10,461] 10,506] +06 -0.4 25} 10,596} 10,532} 10,541] 11,024 39
Fabricated metal products +» | 31,015] 30887] 30819] +04] +02 -O.1] 31,362} 31,201] 31,043] 30,831 +17
Industrial machinery and equipment 60,365] 60,483] 60,817 -0.2 0.5] +02] 61,325] 61,050} 60,438] 62,044 “12
Engines and turbines 4391 4,353 4235} +09] 428] +30 4,496 4,419 4,134 4460] +08
Farm and garden machinery 3,631 3,644 3,731 04 23 -0.4 3,472 3,629 3,981 3,498 0.7
Construction, mining and
material handling equipment 8,987 9,024 9,080 “0.4 -0.6 0.2 9,091 9,152 9,166 8713] +43
Metalworking machinery 8,069 8,078 7,995 -0.1 +10] +07 8,227 8,132 7,824 7695] +69
Computer and office equipment 8,880 8,958 9,178 -0.9 24) +02 9,399 9113 8712] 10,585] -11.2
Electronic and other
electrical equipment 40,746] 40,542] 40,356] +05] +05] +06} 41,648} 41,138] 39,982] 41,986 -08
Electrical transmission and
distribution equipment and
industrial apparatus . . . 5,256 5,301 5,283 08] +03 “15 5,269 5,326 5,274 5,378 -2.0
Household appliances... . 2,444 2,402 2,304) +17] +03 0.2 2,647 2,560 2478 2,567] +3.1
Electric lighting and
wiring equipment . . . 3,526 3,532 3,499 02) +09) +12 3,608 3,577 3,440 3,488] 43.4
Household audio and
video equipment : 972 964 959] 40.8] +05 47 961 916 896 915} $5.0
Communications equipment 10,651] 10,557] 10,591 +09 03] +77} 10,992] 10,750] 10,426] 10,840) +14
Electronic components 14,434] 14.271} 14,020} +11] +18 25] 14666] 14,461] 13,868] 15,196 35
Transportation equipment . 71,846] 72,458] 73,415 0.8 -13 08] 72,050] 72,314] 73,451] 73,869 25
Motor vehicles and parts 17,156 17,082 17,424 +04 2.0 42.6 17,152 17,100 17,735 16,612 433
Aircraft, missiles,
space vehicles, and parts. 48,721] 49,473 | 50,191 “18 “14 -17| 48,815] 49,266] 49,861] 51,611 5.4
Shipbuilding and tanks 2,150 2,099 2,057] +24] 42.0] 49.0 2,184 2,133 2,130 1,703] +28.2
Instruments and related products . . . 26,720] 26,810] 26,706 03] +04 -0.2| 27,086] 27,087] 26,453] 27,131 0.2
Search and navigation equipment 6,802 6,825 6,821 03) +01) +14 6,921 6,927 6,718 6,808} +17
Measuring and controlling devices . 7,969 7,977 7,950 -0.1 +03 -0.5 8,054 8,067 7,929 8,369 38
Medical instruments and supplies 8,707 8,687 8579] 402} +13 -0.2 8,803 8,724 8,456 8574] 42.7
Photographic goods .. . . 2,520 2,556 2,592 “14 -14 3.7 2,576 2,591 2,581 2,669 35
All other durable goods 28,651) 28,347) 28,286] +11 402} +03) 28,782] 28,259] 28,235] 27,960} +29
Nondurable goods industries . 171,499] 170,779] 170,187 +0.4 +03 0.0] 172,244] 171,431} 169,965] 172,136 +0.1
With unfilled orders . . on 40,584] 40,901] 41,124 0.8 0.5 +08} 41,126] 41,370} 40,951 41,834 “17
Food and kindred Products 38,119] 37,978] 37,699] +04] = +0.7 0.2) 36,949) 37,354] 37,277] 36,216] +2.0
Meat products ......... 4,207 4215 4,187 02] +07] +06 4327 4,349 4,266 4195] 43.1
Dairy products 3,888 3,877 3,908] +03 08 “15 3,974 3,992 3,894 3921] +14
Beverages 8,780 8,656 8506] +14] +18 -0.6 8,763 8,690 8,538 8,071 48.6
Alll other foods, except fats and oils 19,496] 19,455] 19,285] +02] +09} = 40.2] 18,187] 18,556] 18,722] 18.171 +01
Tobacco products 5,326 5,343 5,363 -0.3 -0.4 27 5,054 5,228 5.416 5,537 87
Textile mill products. . . 10,050} 10,086} 10,080 04] +01 +05} 10,357] 10,334} 10,082] 10,586 2.2
Broadwoven fabrics and
other textiles . 6,200 6,215 6,231 -02 -03 03 6,346 6,338 6,202 6,548 31
Paper and allied products 16,020} 15,994] 16073] +02 -0.5 0.0} 16,209) 16,188] 16.236] 16,618 2.5
Pulp, paper, and
paperboard mill products : 6,522 6,499 6,563 +04 -1.0 04 6,555 6,531 6,640 6,645 14
Paperboard containers and boxes . 3,923 3,924 3,941 0.0 04 0.1 3,952 3.977 3,989 4,261 13
Miscellaneous converted
paper products 3,575 5,571 5,569] +0.1 00} +05 5,702 5,680 5,607 5,712 -0.2
Chemicals and allied products 47,028] 46,362] 45,918] +14] +1.0 0.8} 47,633} 46,794] 46,170] 46,376} +2.7
Industrial chemicals 19,207} 19,116] 19,157] 40.5 -0.2 08} 19,208] 19,099] 19,164] 20,484 6.2
Drugs, soaps, and toiletries 21,887) 21,344] 20,808] 425] +21 1.3] 22,558] 21,571] 20,663] 20,513] +10.0
Petroleum and coal products . . 10,715] 10,688] 10,545] +03] +14] 45.0] 11,054] 10,814] 10,403} 11,498 3.9
Rubber and plastics products 17,015 16,794 16,659 +13 +0.8 0.3 17,215 16,996 16,967 16,734 42.9
All other nondurable goods 27,226 27,534 27,850 “ld -Ll +04 27,773 27,723 27,414 28,571 28

” Preliminary. * Revised

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


10

Total Manufacturing
New Orders and Shipments
Three Month Moving Averages

Billions of Dollars

380 380
New Orders
360 F- - -- ~~~ rr rs Shipments |_1 360
340 340
320 320
300} - ---------------- +--+ +222 - eee eee rere 4d 300
280 1 1 1 L 1 abe L L L 1 1 1 L 280
May Jul Sep Nov Jan Mar May Jul Sep Nov Jan Mar May
May. 1997 - May. 1999
Total Manufacturing
Ratio of Unfilled Orders and
Inventories to Shipments

V/S Ratios UO/S Ratios
2.5 3.7
24F----- ee cr rr rr rr re vos ty 3.6
a vs -43.5
2.2 3.4
2.1 3.3

2 3.2
1.9 3.1
1.8 3
1.7 2.9
1.6 2.8
1.5 2.7
1.4 2.6
1.3 2.5
1.2 to ! ! \ ! ! ! 1 ! ! ! ! L154

May Jul Sep Nov Jan Mar May Jul Sep Nov Jan Mar May
May. 1997 - May. 1999

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
May Apr. Mar. | Apr | Mar- | Feb.~ May Apr. Mar, May | May
199° 1999" 1999 | May | Apr. | Mar. 1999” 1999 1999 1998 | 99/98
UNFILLED ORDERS
All manufacturing industries 521,787 | 524,003 | 526,656 04] 05 | +01 | 524,402 | 529,821 | 528,200 | 536,103 22
Market categories :
‘Automotive equipment 2483 | 2.479 | 2,508} +02} +2] -07} 2454] 2,511 2,584 | 2,398 423
Home goods and apparel 9,020 | 9,351 9314 35] +04] 425 | 9249 | 9.467 | 9.258 | 8392 | +102
Consumer staples 2616 | 2,520 | 2527] 438] 03} +41 2396 | 2.291 2,306 | 2.018 | +18.7
Machinery and equipment 239,842 | 241,918 | 244.248 09] -10 | -0.5 } 240,680 | 242,544 | 244.276 | 247,724 -28
Business supplies 7,150 | 7,061 7.036 | +13} +04] +16] 7,311 7,002 | 6850 | 6,903 +5.9
Construction materials
and supplies . 17,846 | 17,858 | 17,841 01] +01] +05 | 17.977 | 18,017 | 17,981 | 18,391 23
Defense products ..........., 90,240 | 90,890 | 92,296 07] -15 | +13 | 91,222 | 92,812 | 93,936 | 95,505 45
Other materials, supplies and
and intermediate products... .., 152,590 | 151,926 | 150,886 | +04] +07 | +01 | 153,113 | 155,177 | 151,009 | 154,772 “ll
Durable goods industries :
Nondefense capital goods * . . . 256,128 | 258,626 | 260,832 10] 08 | -0.4 | 256,299 | 258,913 } 261,159 } 264,409 31
Excluding aircraft and parts. . 111,885 | 112,145 | 110,724 0.2 +13 +15 | 112,056 | 112,432 | 111,051 | 105,397 +63
Defense capital goods * . . . 95,004 | 95,625 | 97,091 06] -15 | +11 | 96,142 | 97,738 | 98,850 | 100,958 48
Durables excluding capital goods 146,815 | 146,359 | 145,259 +03 +0.8 +0.6 | 147,780 | 149,693 } 144,897 | 145,196 +18
Miscellaneous series
Producers’ durable equipment 278,675 | 281,082 | 284,060 09} 10}  -04 | 279,130 | 281,555 | 284,242 | 287,483 29
Household durable goods . . 5,581 3911 5.929 3.6] 03 | +49] 5587 | 5853 | 5,798 | 5,283 +58
Information technology industries 40,579 | 40,720 | 40,950 03 | -06 | +14 | 40,823 | 40,660 | 40,757 | 40,444 +0.9
Health care equipment
and products 10.218 | 9,940 | 9651 | 428] 43.01 -16] 10,276 | 9,841 9,309 | 9,227 | +114
TOTAL INVENTORIES
All manufacturing industries 463,960 | 463,194 | 463,578 | +02] 0.1 -0.1 | 467,830 | 465,450 | 462,645 | 469,773 “04
Market categories
Automotive equipment . . 8673 | 8595 | 3,772 | +09 43.0 | 8828 | 8663 | 8,937 | 8,508
Home goods and apparel 31,321 | 31,133 | 31,410 | +06 -05 | 32,268 | 31,395 | 31.193 | 32,296
Consumer staples 74,682 | 74,088 | 73313 | +08 0.0 | 74,362 | 73,810 | 72,630 | 72,377
Machinery and equipment 117,079 | 117,710 | 118,433 -0.5 +0.2 | 118,676 | 118,677 | 117.839 | 120.923
Business supplies 28.231 | 28364 | 28,261 “05 +11 | 28,433 | 28,660 | 28,190 | 28,227
Construction materials
and supplies ......... 29,096 | 28,802 | 28,755 | +1.0 0.0 | 29,400 | 29,025 | 29,007 | 28,725 +23
Defense products . . . 18.154] 18,016 | 18,168 | +08 -11 | 18,397 | 17,958 | 18,019 | 18,312 +05
Other materials, supplies and
and intermediate products 156,724 | 156.486 | 156,466 | +02 0.0 |  -0.7 | 157,466 | 157,262 | 156,830 | 160,405 “18
Durable goods industries :
Nondefense capital goods * 108,931 | 109,749 | 110,417 07 | -06 | +01 | 110,488 | 110,601 | 109,409 | 113,190 24
Excluding aircraft and parts 72,162 | 72,166 | 72,277 00} 02} +08 | 73,827 | 73,137 | 71.461 | 73,884 “0.1
Defense capital goods‘... 18,476 | 18,366 | 18,533 | +06] -0.9 | -13 | 18,725 | 18300 | 18,382 | 18,642 +04
Durables excluding capital goods 165,054 | 164,300 | 164,441 | +05] -0.1 -0.3 | 166,373 | 165,118 | 164.889 | 165,805 +03
Miscellaneous series
Producers’ durable equipment . 189,566 | 189,822 | 190,873 0.1 -0.6 | +02 | 191,892 | 191,178 | 190,251 | 193,644 09
Household durable goods : 16,353 | 16,165 | 16,234) +12] -04 | -03 | 16,719} 16.219 | 16,127 | 16,183 43.3
Information technology industries 32,691 | 32,734 | 32,942 0.1 0.6} +21 | 33,776 | 33,312 | 32.279 | 34:962 34
Health care equipment
and products. 20,546 | 20,238 | 19,892] +15] +17] -08 | 21,001 | 20396 | 19,645 | 19,690 +67

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
May| Apr.| Mar. | Apr. | Mar-] Feb-} May | Apr. | Mar. }_ May | May
1999] 199°} 1999] May] Apr.| Mar.] 1999"} 1999" 1999] 1998} 99/98 | 1999" | __ 1998
SHIPMENTS
All manufacturing industries 350,856] 347,568] 349,065] +0.9] -0.4] +16) 350,410} 343,780] 369,208] 333,343} +5.1] 1,711,980 1,655,605
Market categories :
Automotive equipment .. . 15,778] 15,614] 16,217] +1.1]  -3.7} +2.7] 16,751] 16,514] 17,844] 15,322] +9.3| 82,700) 74,651
Home goods and apparel 20,108] 20,303} 19,795] -1.0] +2.6]  +0.3] 18,966] 19,419) 20,808) 17,686} —+7.2)__95,729] 90,616
Consumer staples ....... 72/580] 72,015] 72,057] +0.8] -0.1]  +1.8] 72,041] 69,943] 73,294) 67,904) +6.1] 348,651) 334,845
Machinery and equipment . . 68,505] 67,513] 68,018] +15] -0.7] +34] 67,021] 65,074] 76,810] 61,885] +8.3] 328,378} 309,269
Business supplies . 26,251) 25,865] 26,229) +1.5 4} +0.8] 26,085] 26,084] 26,580] 25,431] +26 127,862) 125,146
Construction materials
and supplies »........--5 22,8721 22,750 22,685] +0.5|  +0.3| -+1.1] 23,371) 22,874) 22,881] 21,869] +6.9] 109,896] 104,080
Defense products... . : 6844) 6.737] 6,912| +1.6]  -2.5] 0.3) 6,624] 6,418] 7,419] 6,732] -1.6} 33,225) 33,592
Other materials, supplies and
and intermediate products 117,918] 116,771| 117,152] +1.0]  -0.3| +0.8) 119,551] 117,454] 123,572] 116,514) +2.6] 585,539) 583,406
Durable goods industries :
Nondefense capital goods * . . 55,863] 54,731] 54,217] +2.1] 0.9) +2.7] 53,118] $0,753] 62,137) 47,843) +11.0}) 259,034) 242,854
Excluding aircraft and parts 46,638] 46,016] 45,653} +14] 40.8] +3.2} 44,255] 42,119] 52,867] 40,601) +9.0] 217,074) 206,804
Defense capital goods * .... . 6,666] 6.526] 6,673] +2.1|  -2.2]  -0.8} 6,454] 6,155] 7,173} 6,373] +13) 32,030) 31,804
Durables excluding capital good 137,170] 135,989] 137,402] +09] 1.0] +1.8] 139,708] 137,786] 146,170] 131,593) +62) 683,757] 650,424
Miscellaneous series :
Producers’ durable equipment 130,459] 129,328] 130,124] +0.9} -0.6}  +2.6 130,129] 127,526] 144,571] 120,628] +7.9} 640,467} 599,886
Household durable goods 10,485| 10.499] 10.169} -0.1) +3.2} -1.4} 10,022] 10,183) 11,111] 8,738) +14.7] 49,943} 44,580
Information technology industries . | 26,888) 26,846] 25,972] +0.2] +3.4) +2.0] 24,530| 22,857) 31,010]. 21,978) +11.6] 121,737) 112,725
Health care equipment
and products... .. 13,003] 13,029} 13,075] 0.2) -0.4, +3.6| 12,263] 12,340] 13,996} 10,975] +11.7] 62,092] 56,700
NEW ORDERS
All manufacturing industries... .. 348,640] 344,915] 349,722] +11] -1.4|  +1.9] 344,991] 345,401] 367,859] 327,550] +5.3 1,723,396 [1,660,150
Market categories :
Automotive equipment . . 15,783] 15,584 16,200] +1.3) -3.8] +3.0] 16,695) 16,441] 17,807] 15,257] +9.4] 82,750) 74,564
Home goods and apparel 19.777] 20341} 20.022) -2.8| +1.6| +04] 18,748] 19,628] 20,986] 17,851] +5.0] 96,666] 90,451
Consumer staples 72.676} 72,008 72,156] +0.9] -0.2) +1.9] 72,146] 69,927] 73,404] 67,878] +6.3) 348,784) 334,813
Machinery and equipment 66.429] 65.183] 66.834] +1.9]  -2.5| +1.7| 65,158] 63,342] 74,907] 62,575] +4.1) 328,488] 314,251
Business supplies 26,341, 25.889] 26,343} +17] 1.7] +14] 26,394) 26,237] 26,744] 25,559] +3.3] 128,653} 125,618
Construction materials
and supplies = 22,860] 22,767] 22,781] +04] -0.1] +09 23,331] 22,910} 23,099} 21,792] +7.1] 110,632) 104,845
Defense products ......... 6194} 5.331] 8.081! +162] -34.0] +404] 5,034] 5,294] 9,597] 4,457] +12.9] 33,531] 31,552
Other materials, supplies and
and intermediate products 118,580] 117,812} 117,305] +07} +0.4]  +0.6] 117,485] 121,622] 121,315] 112,181] +4.7] 593,892] 584,056
Durable goods industries
Nondefense capital goods * 53,365| 52,525] 53,299] +1.6|  -1.5] +0.1] 50,504] 48,507] 60,457] 47,891] +5.5] 258,251] 246,047
Excluding aircraft and parts 46.378] 47.437| 47,301] -2.2|  +0.3] +39] 43,879) 43,500] 53,753] 40,473] +8.4] 222,553] 209,026
Defense capital goods * . . 6.045] 5,060] 7,769] +19.5] -34.9] +41.3] 4,858] 5,043] 9,359] 4,196} +15.8] 32,459] 30,54€
Durables excluding capital goods 137,626] 137,089] 138,298] +0.4| -0.9}  +2.4) 137,795] 142,582] 144,365] 128,078 +7.6| 694,292} 652,71&
Miscellaneous series :
Producers’ durable equipment 128,052| 126,350] 129,074] +13] -2.1]  +2.6] 127,704) 124,839] 142,168] 121,272) — +5.3] 640,093) 604,25°
Household durable goods : 10,155] 10.481} 10.446] -3.1]  +0.3] +0.2} 9,756] 10,238] 11,209) 8,872) +10.0] 50,369) 44.08(
Information technology industries 26.747 26.616] 26.538] 40.5] +03] +0.8| 24,693} 22,760] 31,499] 22,732] +8.6| 123,444] 115,196
Health care equipment
and products . . . 13,281] 13,318] 12,916] -0.3) 43.1) +2.7] 12,699] 12,872] 13,351] 11,059] +14.8] 62,744) 57,462

” Preliminary. ‘ Revised

' Topical series are regroupings of the separate industry categories.
2 Shipments and new orders are the totals for the period and are adjusted for trading-day and calendar-month variations,

* Nondefense capital goods industries include

handling equipment; metalworking machinery; special industry machinery,
industry machinery; electrical transmission and distribution equipment; electri

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

ordnance and accessories; steam, gas and hydraulic turbines; internal combustion engines; construction, mining, and m
general industrial machinery; computer and office equipment, refrigeration, heating and :
cal industrial apparatus; communications equipment; aircraft, missiles, space vehicles, and €

* Defense capital goods industries include : ordnance and accessories; communications equipment; aircraft, missiles, space vehicles, and engines and parts; ships

and tank components; and search and navigation equipment

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


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

Inventory / Shipments ratio Unfilled Orders / Shipments ratio®
Industry May Apr. Mar. Feb. May Apr. Mar. Feb,
1999" 1999" 1999 1999 1999" 1999! 1999 1999
All manufacturing industries... 132 133 133 135 2.59 2.63 2.64 267
Durable goods industries ........ . 1.46 1.48 1.48 151 3.03 3.08 3.10 3.15
Stone, clay, and glass products | | un 1.10 1.09 V0 0.77 0.77 0.78 077
Primary metals... veces 1.64 1.66 1.64 1:70 2.09 2.10 2.02 2.06
Fabricated metal products ||) | | 1'52 131 U1 USI 133 134 136 136
Industrial machinery and equipment 1.60 161 164 165 220 222 2:19 217
Electronic and other
electrical equipment ..... 2... 120 1.20 1.22 1.25 192 193 194 1.95
Transportation equipment |||). | | 14g 152 149 156 8.66 8.98 9.07 951
Instruments and related products | | 1.86 189 184 190 3.34 337 3.25 338
Nondurable goods industries... . 113 1.14 113 Lid 0.64 0.63 0.64 0.64
Food and Kindred products ||| | 0.92 0.93 0.90 091 (X) (es) (xX) (X)
Tobacco products 131 131 129 135 (X) (x) () (x)
Textile mill products. 2) 271111 134 134 158 156 (NA) (NA) (NA) (NA)
Paper and allied products . | : 119 Li9 120 118 (NA) (NA) (NA) (NA)
Chemicals and allied products | 141 138 137 139 (x) (x) (X) )
Petroleum and coal products. | | | 0.83 0.82 0.85 0.89 &) (x) &) &)
Rubber and plastics products | | | 1.25 125 122 122 fea) to) &) (0)

° 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;
ratrorewet cle assembly operations; ather transportation equipment; foods and related products, tobacco, knitting mill protects apparel and related products; chemicais:
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
May May May May
May? | 1998- May? |  1998- May? | 1998- May? | 1998-
May’) 19941 Apr | May! | 1904-1 “Apr. | May' | 1994-] Apr. | May! | 19a Apr.
199 | 1998 | 1999 {1999 | 1998 | 1999 | 1999 | 1998 | 1990 | 1999 | ‘tous | 9b
All manufacturing industries... (x) o1 02 (&) 03 02 (x) 01 o. (X) 0.0 0.0
Durable goods industries. 02 ol 02 02 04 o4] -01 01 0. (&) 0.0 01
Stone, clay, and glass prod: (&) 07 04 (X) 14 0.6 (X) 0.7 04 (X) 01 01
Primary metals vee sees 0.2 02 02 06 07 07 03 03 03 (x) 01 O41
Fabricated metal products tees (es) 03 03 (X) 0.6 0.4 (X) 04 03 (X) 0.2 01
Industrial machinery and equipment 0.2 04 03 “14 07 02 -0.6 02 01 (X) 01 OL
Electronic and other

electrical equipment ........... 03 03 05 03 05 13 02 02 06 (X) 01 02
‘Transportation equipment 09 06 07 0.0 13 10] -02 o. mt (X) Ol 02
Instruments and related products (xX) 03 05 (xX) 15 14 (X) 04 04 (x) 0.1 Ol
Nondurable goods industries... . (%) 01 0.1 (x) 02 01 ( 0.1 0.1 (9) 0.0 0.
Food and kindred products . . . (xX) Ol 02 (X) (X) (X) (X) (X) (X) (X) On OL
Tobacco products... . . . (xX) 0.4 0.0 (X) (X) (X) (X) (X) (xX) (X) 0.1 0.1
Textile mill products... . ay (x) 0.2 03 (X) | (NA) | (NA) (X) } (NA) | (NA) (X) 0.1 01
Paper and allied products . . (xX) 03 0.2 (X) | (NA) | (NA) (| (NA) } QA) (xX) 01 0.1
Chemicals and allied products : & 02 02 &) (X) & &) fone (X) (X) 01 01
Petroleum and coal products. &) 04 05 (xX) (x) (X) (X) (%) (%) (X) 02 07
Rubber and plastics products . (x) 0.2 01 (xX) (X) (Xx) (X) (X) (X) (X) 0.0 0.1

Capital goods industries :
Nondefense eee ooo 0.8 03 03 12 05 0.5 04 0.1 01 (X) 0.0 01
Defense gg 04 04 19 25 34 02 02 02 (X) 02 02

(X) Not applicable. (NA) Not available.

Note : ‘The five year and the twelve month revisions are the differences between the month-to-month percent changes of the preliminary and final estimates. ‘The
ponthly averages are the simple averages of the absolute values of the differences for the months specified, ‘The advance ta fg 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 error and revision.


CURRENT INDUSTRIAL REPORT

fen
Ny;

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

Manufacturers’ Shipments
Inventories, and Order:

May 1999
[3-1-(99)-05
For Wire Transmissions 10:00 a.m. E.D.T. July 2, 1999

For Data - (301) 457-4673
For Questions - Lee Wentela or Derrick Roy
(301) 457-4804 or (301) 457-4814

All figures in text are in seasonally adjusted current dollars

Summary

New orders for manufactured goods in May increased $3.7
billion or 1.1 percent to $348.6 billion, the Department of Commerce,
Bureau of the Census reported today. This follows a 1.4 percent
April decrease and is the ninth increase in the last twelve months.
Excluding transportation, new orders decreased 0.1 percent, the first
decrease since January. Year-to-date, new orders are 3.7 percent
above the same period a year ago.

Shipments increased $3.3 billion or 0.9 percent to $350.9
billion, following a 0.4 percent April decrease. This is the ninth
increase in the last twelve months. Year-to-date, shipments are 3.4
percent above the same period a year ago.

Unfilled orders decreased $2.2 billion or 0.4 percent to $521.8
billion, following a 0.5 percent April decrease. This is the tenth
decrease in the last thirteen months. The unfilled orders-to-shipments
ratio was 2.59, down from 2.63 in April.

Inventories increased $0.8 billion or 0.2 percent to $464.0
billion, This is the first increase since October 1998. The
inventories-to-shipments ratio was 1.32, down from 1.33 in April.

New Orders

New orders for manufactured durable goods in May increased
$2.4 billion or 1.2 percent to $197.0 billion, revised from the
previously published 1.4 percent increase. This follows a 2.4 percent
April decrease and is the ninth increase in the last twelve months.

Transportation equipment had the largest increase, $3.9 billion
or 9.5 percent to $45.5 billion; led by aircraft and parts, all
component industries increased except shipbuilding and tanks. This
follows a 12.5 percent April decrease and is the fifth increase in the
last seven months. Industrial machinery and equipment decreased
$1.5 billion or 3.9 percent to $38.0 billion, following a 3.2 percent
April increase. Electronic and other electrical equipment decreased
$0.4 billion or 1.2 percent to $33.9 billion, following a 0.3 percent
April increase.

New orders for nondurable goods, up three of the last four
months, increased $1.4 billion or 0.9 percent to $151.6 billion. This
follows a 0.1 percent April decrease. Food and kindred products and
paper and allied products had the largest increases.

Shipments

Shipments of durable goods in May increased $2.5 billion or
1.2 percent to $199.7 billion, revised from the previously published
1.0 percent increase. This is the tenth increase in the last twelve
months.

Transportation equipment had the largest increase, $0.8 billion
or 1.8 percent to $48.6 billion; all component industries increased.
This follows a 3.1 percent April decrease and is the third increase in
the last four months. Industrial machinery and equipment, up for the
fourth consecutive month, increased $0.4 billion or 0.9 percent to
$37.8 billion. This follows a 1.3 percent April increase. Primary
metals increased $0.3 billion or 2.0 percent to $14.5 billion,
following a 1.9 percent April decrease.

Shipments of nondurable goods increased $0.8 billion or 0.6
percent to $151.2 billion. This follows a 0.3 percent April decrease
and is the third increase in the last four months. Food and kindred
products, up eight of the last ten months, increased $0.8 billion or 1.9
percent to $41.5 billion. This follows a 2.2 percent April decrease.

Unfilled Orders

Unfilled orders for durable goods in May decreased $2.7 billion
or 0.5 percent to $497.9 billion, revised from the previously
published 0.4 percent decrease. This follows a 0.5 percent April
decrease and is the third decrease in the last four months.
Transportation equipment, down eleven of the last thirteen months,
had the largest decrease, $3.1 billion or 1.3 percent to $235.4 billion.
This follows a 2.5 percent April decrease. Primary metals, up four
consecutive months, increased $0.4 billion or 1.5 percent to $30.3
billion. This follows a 1.8 percent April increase. Industrial
machinery and equipment, up six consecutive months, increased $0.2
billion or 0.3 percent to $79.1 billion. This follows a 2.7 percent
April increase.

Inventories

Inventories of durable goods in May increased slightly to
$292.5 billion, following a 0.3 percent April decrease. Electronic
and other electrical equipment had the largest increase, $0.2 billion
or 0.5 percent to $40.7 billion. This follows a 0.5 percent April
increase and is the fourth consecutive increase. Transportation
equipment, down six of the last seven months, decreased $0.6 billion
or 0.8 percent to $71.8 billion, following a 1.3 percent April
lecrease.

Inventories of nondurable goods increased $0.7 billion or 0.4
percent to $171.5 billion, following a 0.3 percent April increase.
Chemicals and allied, products had the largest increase, $0.7 billion
or 1.4 percent to $47.0 billion. This follows a 1.0 percent April
increase. Rubber and plastics products increased $0.2 billion or 1.3
percent to $17.0 billion, following a 0.8 percent April increase.

By stage of fabrication, May finished goods increased 0.9
percent in durables and 0.6 percent in nondurables. Work in process
decreased 0.3 percent in durables and increased 1.0 percent in
nondurables. Materials and supplies decreased 0.3 percent in
durables and 0.1 percent in nondurables.

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

The advance report on durable goods for June is scheduled for July 28, 1999 at 8:30 a.m. and the full report on August 4, 1999 at 10:00.a.m. For sale by the Superintendentof 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)
1909.48.28


Nondefense Capital Goods 11
New Orders and Shipments
Three Month Moving Averages
Billions of Dollars

New Orders
82F) ~~ - -f eX 2 eEN. f---- ee +452
Shipments
A Pi > ee ------ +e 447
42P------- +o eee eee eee eee ------------------ +442
37 P- ~~ eee eee eee ------------- +37
L 1 L 1 1 1 L 1 L 1 L it i

May Jul Sep Nov Jan Mar May Jul Sep Nov Jan Mar May
May. 1997 - May. 1999

Defense Capital Goods
New Orders and Shipments

Three Month Moving Averages
Billions of Dollars

10 10

gL---------------- 22-22 ee New orders} |
Shipments

BP -- ore eee eee eee eee eee eee eee e 48

4
May Jul Sep Nov Jan Mar May Jul Sep Nov. Jan Mar May
May. 1997 - May. 1999

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
May Apr. Mar. | Apr.- | Mar- | Feb May Apr. Mar. May | May
1999? | 1999" 1999 | May | Apr. | Mar. 1999" | 1999" 1999 1998 | 99/98
MATERIALS AND SUPPLIES
All manufacturing industries 152,442 | 152,749 | 153,388} 02) -04 | -0.4 | 151,686 } 152,364 | 182,705 | 154,112 “16
Durable goods industries 91463 | 91,722 } 92298] 03} -0.6 | 0.1 | 90846 ] 91.097 | 91.271 | 92,159 “14
Stone, clay, and glass products x01 | sige | 3194 | 05] 03] +18] 3189 | 3157 | 3163 | 2.956 | +78
Primary metals vee 7350 | 7/456 | 7,578 “id | 16 | -02 | 7128 | 71199 | 7307 | 7,686 73
Fabricated metal products 10273 | 10319 | 10412 | 04] 09 | -0.2 | 10143 | 10.252 | 10.381 | LO41 26
Industrial machinery and equipment | 19,966 | 20,235 | 20,304 13} 03 | +16 } 20,119 | 20,251 | 20,070 | 20,157 0.2
Electronic and other
electrical equipment ........ 15,524 | 15,503 } 15,607 | +01 | -0.7 | -02 | 15,974 | 15,553 | 15,423 | 15,774 “13
Transportation equipment... . 13387 | 15068 | 15041 | +15] +02 | -33 | 15,198 | 15,013 | 13,065 | 15317 01
Instruments and related products ... | 8,914 fas | 91178 4] 14] +05 990 | 9,13: o42 | 9,465 “5.0
Lumber, furniture and
miscellaneous durable goods 10.048 | 10910 | 10984 | +03} -0.7 | +01 | 10,505 | 10,487 | 10,720 | 10,492 40.1
Nondurable goods industries . . 60,979 | 61,027 | 61,090 oi} -o1} -07 | 60,840 | 61,317 | 61,434 | 61,953 “18
Food and Kindred products T'sea | tisse | 1v3or} 402) +14 | 407 | 11434) 11642 | 1108 | 11086 | 435
Tobacco products : gens | 4701 | 4711 “06 | 02} 20) 41529 | 4701 | 4.827 | 4,875 71
Textile mill products 3350 | 2/923 | 2845] +13] 08 | -08 | 2944) 2.869 | 2,883 | 3.090 48
Paper and allied products - 71666 | 7,706 | 7,762 05] 07} 1 7651 | 7.762 | 7:807 | 7,981 “4.1
Chemicals and allied products 15702 | 151634] 15516} +04] +08 | -09 | 15,759 ) 15.649 | 15.488 | 15.187 438
Petroleum and coal products 5161 | 3,169 | 3,195 03 | 08 | +26 9223 | 3,244 : 439 63
Rubber and plastics products. 6736 | 6.766 | 6,761 40.1 “10 | 6719 | 6,796 | 6.774 | 6,724 “01
Apparel, printing and publishing
and leather goods .... . 3,596 | 8,672 | 8,908 09] 26} 25] 8,581 3,654} 8,880 | 9,609 | 10.7
WORK IN PROCESS
All manufacturing industries 148,087 | 148,176 | 148,395 01] 01 -0.2 | 149,059 | 148,370 | 147,292 | 151,984
Durable goods industries... 117,429 | 117,829 | 118,609 | -03} -0.7 | -05 | 118,457 | 118,060 | 118,080 | 122.388
Stone, Clay, and glass products 1404 | 1361 v321 | 432] +30] -17 462 1414 1404 | 1,355
Primary metals ©... 2. 3292 | s'i6s | 8228] +16] -08 | 23 | 8322 | 8188 | 8278 | 8.666
Fabricated metal products ;..... | 8,973 | 8.971 | 9,005 oo] 04] 06 031 81955 | 8.977 | 9,086
Fabricated mevanbry and equipment’ | 22084 | 22.136 | 22,196} -02] -03 | -20 | 22416 | 22,220 | 21,876 | 25,264
Electronic and other
electrical equipment . . 14ado | 14tse | 13,868] +18] 423] +10 | 14,739 | 14.380] 13.731 | Lot
Transportation equipment . . . . 46.720 | 47,628 | 48,781 “19 | 24 00 | 46786 | 47416 | 48.669 | 49,627
Instruments and related products 101035. | 9971 | 9931 | +06} +04 | -07 | 10,160 | 10,083 | 9,867 ] 10,124
Lumber, furniture and
miscellaneous durable goods 5,481 | 5,411 sam} +13} 425] +05 | 5541 5,434 | 5,278 | 5,355
Nondurable goods industries .. . 30,658 | 30347 | 29,286} +10] +19 | +11 | 30,602 } 30.310 | 29.212 | 29,396 $3.4
Food and kindred products 6122 | ol3d | 616s | -02| -06 | +03 | 5.647 | 5.867 | 6,000 273 +71
Tobacco products : 82 83 oo} 2] 98] <LI 4 16 92 ill | -333
Textile mill products 2si8 | 2511 | 2526 | +03] -06 | +03 | 2937 | 2.530 | 2,509 | 2.664 -48
Paper and allied products - . 1640 | 1634 | 1650 | 404) -1.0 0.0 | 1664} 1,637 1,675 | 1,662 +0.1
Chemicals and allied products $839 | soos | sin | +54] 439] -04 | g8i2 | 9099 | 8.536 | 8850) +108
Petroleum and coal products... « 2623 | 2.371 2452 | +20] +49 94 | 2717 | 2628 | 2434 | 2,734 0.6
Rubber and plastics products 2259 | 2308 | 2,275 1] 41s | 422 | 2241 | 2306 | 2.293 | 2,165 $35
Apparel, printing and publishing
and leather goods . . : 5,855 } 6,040 | 5,895 ail 2s] +3] 910] 6147} 5673 | 6,137 3.7
FINISHED GOODS
All manufacturing industries 163,431 | 162,269 | 161,795 | +07} +03 | +02 | 167,085 | 164,716 | 162,648 | 163,677 421
Durable goods industries. . 33,569 | 82,864 | s2azd} +09 | +05 | +02 | 86,283 | 84.912 | 83,329 ) 83,090 438
Stone, clay, and glass product: 4764] 4690 | 4.743 | +16] -1d 08 | 4979 : 41s | 5037 “12
Primary metals»... 0... « S107 | 8030 | 7928 |} +10] +13 | 28] 8253 | 8140 | 8.011 B16} +17
Fabricated metal products 11760 | 11's97 | gor | +s | +07 | 404 | 12188] 1994 | 168s ] 11.333 475
tae machinery and equipment” | 18315 | 18112 | 18317 | #1] =H | #16 | 18,790 | 18,579 | 18.492 18,623 40.9
Electronic and other
electrical equipment ........ 10,782 | 10,853 | 10,881 07} 03} +11 | 11,335 | 14235 | 10,828 | 11301 +03
eeiscaton equipment... | 9830 | 9762 | 9593} +08] +18) 05 | 10.066 | 9885 ) S777 go2s | HLS
Instruments and related products... ) 7,71 7704 | 7307 | 03 | 426] -04 | 7936] 7869 | 7444) 7,542 45.2
Lumber, furniture and
miscellaneous durable goods . 12,222 | 12,026 | 12,023 | +16 oo | +04 | 12,736 | 12.338 | 12,237 | 12,113 $5.1
Nondurable goods industries . . 79862 | 79.405 | 79311 | +06) +04 | +01 | 80,802 | 79,804 | 79319 | 80587 +03
Food and Kindred products dais | 20288 | 207130 | +06] +07 | -08 | 19,868 | 19.845 | 19.769 | 19.897 0.1
Tobacco products 569 339 360} +18] 02] -83 451 451 497 551 | -18.1
Textile mill products ae3 | 4932 | 4700 | 17 | 409] +15 | 4876 | 4935 | 4.690) 3830 | 418
Paper and allied products era | 6osd | t661 | +09] 01 | +01 | 6894 | 6,769 | ora | 6.928 “12
Chemicals and allied products 21'767 | 21,662 | 21674} +05} 0.1 -0.9 | 221062 | 22,046 | 22,146 | 22,339 “12
Petroleum and coal products 8 | “esas | “ago8 | -03 | +10 | +46 | “suid | 4942 | 4,702 | 5.385 -4.0
Rubber and plastics products. - 020 | 7720} 7623 | 439} +13 | 04 | 8255 | 7,894 | 7,900 | 7,845 +52
Apparel, printing, and publishing
and leather goods . . . : i277 | 12,822 | 13,047 | -o4 | -17 | 42.0 | 13,282 | 12,922 | 12,861 | 12.825 43.6

? Preliminary. ‘ Revised.


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
May Apr. Mar.|  Apr-| Mar.-)_— Feb- May Apr. Mar. May| May
1999" 1999" 1999| May| — Apr.] Mar. 1999 1999" 1999 1998] 99/98
All manufacturing industries . . . 521,787] 524,003} 526,656] —-0.4 05] 40.1) 524,402) 529,821] 528,200] 536,103 22
Manufacturing industries
without defense capital goods . . 426,783 | 428,378 | 429,565 -0.4 03 -0.1] 428,260} 432,083] 429,350] 435,145 -16
Durable goods industries - 497,947 | 500,610] 503,182] 0.5 05} +02} 500,221} 506,344 | 504,906] 510,563 2.0
Stone, clay, and glass products 6,194] 6177] 6,287] +03 a7} 41s] 6217] 6,247] 6,383] 6,302] 1.3
Primary metals. . on 30296} 29855] 29313} +15{ +18] +01] 31,072] 31,092) 30,755] 34,243 93
Blast furnaces, steel mills... . 12033] 11.837| 11500] +17] 42.9] 41.6] 12,533] 12,495] 12,201) 14,701) -14.7
Iron and steel foundries 5,018 5,118 5,102 2.0 40.3 34 5,063 5,282 5,309 5,886 14.0
Nonferrous and other primary
metals... : 13245 12900{ 27] 42.7] 1s] 40.3] 13,476] 13,315] 13,245] 13,656 “13
Fabricated metal products -.... | 25576] 28,769] 26,114 -0.7 -13 0.1} 25,657} 25,862] 26,179] 27,195 “3.7
Industrial machinery and equipment 791053| 78848) 76.756] +03) +27{ +18] 79,088] 78,976] 77,018) 73,816} 47.1
Engines and turbines ........ 72.736| 22385) 20432 +16| +96] +69] 22,017] 21,794) 20,182} 11,217] +963
Construction, mining and
material handling equipment . 9420] 9,427) 9,494 0.1 07 22) 9,698} 9,833] 9,986] 11,574] -16.2
Metalworking machinery . 6829| 6784] 6619] 40.7) 42.5 “Ll 68291 6784, 6 619| 7,379 15
Computer and office equipment . 7,906 | 7,985 389] 10] 25] 435 giss} 7.915] 7.944] 8.061] $1.0
Electronic and other
electrical equipment. 64,984 | 64,952 | 64,243 oo] +i] 42.0] 64,936] 67,008] 62,668] 98,412] +112
Electrical transmission and
distribution equipment and
industrial apparatus . . 6369| 6,351 6339{ +03] +02] +09] 6462] 6467| 6,463] 6,505 -0.7
Electric lighting and
wiring equipment . . . .. . 5,178} 3.269] 5,177 -l7] +18] +04] 5,178 5,269] $177] 5,317 -2.6
Communications equipment 17,998| 18,003] 18,042 0.0 02] +20] 17990] 17,988] 18,042{ 17,335] +38
Electronic components . 291647} 29,290] 28,556] +12) +26] +28) 29,592) 31,196] 26,765) 23,201) 427.5
Transportation equipment - 235,382 | 238,436] 244,575 “13 25 -0.7| 236,053] 240,254] 246,335] 253,445 69
Aircraft, missiles,
space vehicles, and parts. 197,305 | 199,727] | 204,756 2] -25 -08| 198,156] 201,443 | 206,175] 219,208 -9.6
Shipbuilding and tanks . 20,153} 20,483] 20,791 “16 a15{  +4.6{ 20,108] 20,470] 20,761] 17,274) +164
Instruments and related products . 48,002] 47,886] 47.271] +02] +13 03) 48371} 48,206] 47,329] 48,977 +12
Search and navigation equipment 26,552} 26,663] 26,238] 04) +16 0.0] 26,847] 27,075] 26,578] 28,149 46
Measuring and controlling devices 10,407) 10,418] — 10,451 0.1 03] +05{ 10,407} 10418] 10.451 | 10,312] +0.9
Medical instruments and supplies 10.177} 9899] 9610] +28| +30) 16] 10235] 9,800 9,270] 9.185] +114
Alll other durable goods . 8,460 8,687 8,623 2.6 +07 +28 8,827 8,699 8,239 8,173 +8.0
Nondurable goods industries . . 23,840] 23,393] 23,474 +19 03 -l7] 24,181] 23,477] 23,294[ 25,540 53

? 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

May | Apr. | Mar. | Apr- | Mar-| Feb-| May | Apr. | Mar. May | May
1999"| 1999] 1999] May] Apr.| Mar.} 1999] 1999") 1999] 1998] 99/08] 199°] 1998

All manufacturing industries... . 348,640] 344,915] 349,722] +1.1] -1.4]  +1.9] 344,991] 345,401] 367,859] 327,550] +5.3] 1,723,396 |1,660,150
Manufacturing industries

with unfilled orders ....... -| 199,500} 196,634] 200,026] +15] 1.7] +2.0) 192,690} 195,139] 212,068] 182,231] +5.7| 984,368] 945,869
without defense capital goods . . . . . | 342,595] 339,855) 341,953] +08] -0.6_ +1.3] 340,133] 340,358] 358,500] 323,354] —_ +5.2] 1,690,937 |1,629,604
Durable goods industries .........| 197,036] 194,674] 199,366] +12] -24 193,157] 196,132] 214,181] 180,165] +7.2}. 985,002] 929,311
With unfilled orders... .. -| 161,848] 159,870] 163,552) +12] -2.3 155,780] 159,020] 175,229] 143,743]  +6.9] 803,287) 762,347
Stone, clay, and glass products . . . 8.413] 8,266] 8,584) +18) -3.7 8593] 8,439] 8,582] 8.109} +6.0] 40,842] 38,123
Primary metals 2... . 0... - | 14,956] 14,767} 14,539] +13] +1.4 14,883] 15,068] 15,406] 14,642] +1.6| 75,322] 79,247

Blast furnaces, steel mills
Iron and steel foundries
Nonferrous and other primary

5,840] 5,846) 5,817) -0.1] +0.5}
1,406] 1,511 1,367) -6.9) +10.5]

5,839] 5,987 6,103} 6,172) 5.4 29,909} 33,094
1,367| 1,553] 1,537] 1,481 17 7,516 8,229

metals oo... eee 7,710] 7,410] 7,355] +4.0]  +0.7 7,671) 7,528] _7,766| 6,989] +9.8| 37,897] 37,924
Fabricated metal products. ....... 20,215| 20,071] 20391] +07}  -1.4 20,547] 20,224] 21,295] 20,089} +2.3] 101,932] 98,627
Industrial machinery and equipment . | 38,022} 39,556] 38,338] -3.9| | +3.2 36,823] 37,830] 44,134] 34.900] +5.5| 186,876] 180,775

Engines and turbines ......... 2,882] 4,358] 3,605] -33.9] +20.9] 2,774| 3,875] 3,488] 1,877] +478] 14,896] 9,423,
Construction, mining and

material handling equipment . . . 3,821] 3,872] 3,928] -1.3] -1.4) +121 3,721] 3,898] 4,535] 4,197) -11.3] 20,165] 22,404
Metalworking machinery -| 3,765] 3,609] 3,392] +43] +64) -7.7] 3,722] 3,322| 3,624] 3,306) +126} 16,990] 16,507
Computer and office equipment ... | 11,606] 11,565] 11,363] +04] +1.8|  +4.0} 10,247| 9,256] 14,648] 9,112] +125] 51,809] 48,273

Electronic and other

electrical equipment... ... --| 33,949} 34,364] 34,264) -1.2) +0.3] +4.9] 30,374] 35,334] 34,282] 27,052) +12.3] 165,078] 149,752
Electrical transmission and

distribution equipment and

industrial apparatus ........... 3,830] 3,742] 3,837] +24) 2.5] 45.2} 3,718] 3,698] 4,220] 3,413 -+8.9] 18,706] 17,914
Electric lighting and

wiring equipment ............ 2,269) 2,372] 2,335] -4.3) +16 +3.0] 2,266] 2,268] 2,543) 2,288] 1.0] 11,463] 11,396
Communications equipment . . 8,366] 8,201] 8,409) +20) -2.5) +34) 7,713] 6,976] 9,556} 7,264] +62] 37,892] 34,488

Electronic components
Transportation equipment . .
Aircraft, missiles,
space vehicles, and parts. ... 10,413] 7,219} 10,369] +44.2| -30.4)  -5.5] 9,083] 7,193] 12,352) 9,431] 3.7] 53,310] 54,118
Shipbuilding and tanks ........ 626| 639] 1,993] -2.0] -67.9} 360.3] S71] 648 284) 101.1] 5,443] 3,226
Instruments and related product 14,504) 14,825} 14,402) -2.2] +2.9) +1.6 14,216] 14,340] 15,222] 12,892} +10.3) 70,596] 66,854

13,941] 14,379) 13,956] -3.0) +3. +6.8} 11,432] 17,155] 12,273] 9,349) 4223 70,334) 61,324
45,549) 41,616) 47,558] +9.5] -12.5] +4.7]) 46,176] 43,580] 53,049] 43,299) +6.6| 240,465} 222,248

Search and navigation equipment 3,096) 3,534] 3,186] -12.4] +10.9] +03] 2,842} 3,463] 3,513] 2,414) +17.7] 15,740] 13,554
Measuring and controlling devices | 4,101] 4,048} 4,142] +13} -23] -2.2) 4.104] 3,826] 4,498] 3,864] +6.2) 20,429] 19,807
Medical instruments and supplies .] 5,079} 5,000} 4,802| +16] +4.1) +43) 5,030] 4,912) 481s} 4.201] +19.7] 23,722] 22:328
Alll other durable goods... . . + «| 21,428} 21,209} 21,290] 1.0) -0.41 +1.0] 21,545] 21,317) 22,211] 19,182] +12.3) 103,891] 93,685

Nondurable goods industries . «| 151,604) 150,241] 150,356] +09] -0.1]  +0.7] 151,834] 149,269} 153,678] 147,385) +3.0] 738,394] 730,839
With unfilled orders ... . oo 37,652] 36,764) 36,474) +24) +0.8] -2.0] 36,910] 36,119] 36,839] 36,488) +12) 181,081} 183,522

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

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

Note : Estimates of manufacturers’ shipments, inventories and orders are subject to survey error and revision. One major component of survey error is nonsampling er
which includes errors of coverage, response, and nonreporting. Since the survey panel is not a probability sample, estimates of sampling error cannot be calculated. Furt
details on survey design, methodology, and data limitations are contained in our most recent annual benchmark publication, Current Industrial Reports: M3-1(¢
"Manufacturers’ Shipments, Inventories, and Orders: 1987-1996."


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

Seasonally adjusted

Not seasonally adjusted"

Monthly Percent Change Monthly Percent | Year to date
Industry change
May | Apr.| Mar. | Apr.-| Mar-| Feb-| May] Apr. | Mar.) May | May
1999" | 1999"] 1999] May| Apr.| Mar.| 1999°] 1999] 1999] 1998] 99/98 | 1999" | 1998
All manufacturing industries . . 350,856] 347,568] 349,065] +09] -0.4]  +1.6| 350,410] 343,780} 369,208] 333,343] — +5.1] 1,711,980 1,655,605
Manufacturing Industries
with unfilled orders ......... . | 201,716] 199,287] 199,369] +12] 0.0] +1.3] 198,109] 193,518] 213,417] 188,024) +5.4]_ 972,952) 941,324
without defense capital goods. 344,190] 341,042) 342'392| +09] -0.4| +1.6| 343,956] 337,625] 362,035] 326,970] —_+5.2} 1,679,950 1,623,801
Durable goods industries... 199,699] 197,246] 198,292} +1.2 +2.01 199,280] 194,694] 215,480] 185,809] +7.2) 974,821] 925,082
With unfilled orders... . 164,511] 162,442] 162,478) +1.3 +1.8} 161,903] 157,582) 176,528] 151,387 +6.9] 793,106] 758,118
Stone, clay, and glass products . . 83396] 8,376) 8,494) +0.2| +04] 8623] 8.575| 8,418| 8,258| +44] 40,696] 37,997
Primary metals... 14515] 14,225] 14,505] +2.0 42.0) 14903] 14,731] 15,242] 15,551] -4.2| 73,097] 79,342
Blast furnaces, steel! mills. 5,644] 5,509] 5,637] +2.5 +15} 5:801] 5,693 5,905] 6,355| 8.7) 28,411] 32,751
Iron and steel foundries 1,506] 1,495] 1,548] +0.7 +14) 15586] 1,580] 1,655] 1,570] +1.0] 7,805) 7,819
Nonferrous and other primary,
metals . . 7365] 7,221) 7,320} +20] 1.4] 42.5) 7,516] 7,458] _7,682| 7,626 1.4) 36,881] 38,772
Fabricated metal products . 20,408] 20,416] 20,416] 0.0 +0.1] 20-752] 20,541] 21,274] 20,167) +29] 101,709] 97,782
Industrial machinery and equipment 37/817] 37.464] 36.972| +09) +13) +06] 36,711] 35,872) 43,579] 35,4491 +3.6] | 182,229] 180,384
Engines and turbines... ... 2'531| 2,403] 2.284] +52) +53) -1.2) 2,551] 2,263) 2,605} 2,211] +154] 11,604] 10,740
Farm and garden machinery 1827} 1908) 2003) -42| -4.7] +3.2| 2,152) 2.688] 2,757| 2,498) -13.9] 11,605) 12,462
Construction, mining and
material handling equipment 3,828] 3,939) 4,139] -2.8] -4.8| +3.7] 3,856] 4,051] 4,617 4,314] -10.6] 20,100) 21,196
Metalworking machinery 37720] 3,444] 3,464] +80] -0.6 -2.3) 3,677] 3,157] 3,696] 3,347] «$9.9 16,607} 16,277
Computer and office equipment 11685] 11-769] 11,084] -0.7] +62] 1.0] 10,024] 9,285] 14,472] 8,825) +136] 51,612) 47,844
Electronic and other
electrical equipment ........... 33,917] 33,655] 33,032| +0.8] +19] 42.5] 32,446) 30,994] 35,501] 28,523] +13.8] 157,948] 144,646
Electrical transmission and
distribution equipment and
industrial apparatus... 3,812] 3,730] 3,778] +22) 1.3) +4.2{ 3,723] 3,694] 4,156] 3,448) $8.0) 18,425] 17,927
Household appliances . 2347] 2/402] 2338] -23] +27] -2.8] 2341) 2,399} 2,573] 2,050] +14.2] 11,484) 9,945
Electric lighting and
wiring equipment . 2,360] 2,280] 2,314] +35] 1.5) 43.6] 2,357] 2,176] 2,522 2,193] +75] 11,307) 11,006
Household audio and
video equipment . 1,097] 1,083| 1,031) +13] 45.0, 1.4) 946] 911] 991] 869} $8.9] 4,730) 4,545
Communications equipment 8371| 8.240] 8.049] +16] +24) 45.4] 7,711] 7,030] 9,208] 6,362] +21.2) 36,959] 31,484
Electronic components . . 13°54] 13.645] 13,172|  -0.4]  +3.6f +09 13,036] 12,724] 13,759] 11,449] +13.9] 64,397] 59,663
Transportation equipment . . . 48603| 47,755| 49267] +1.8| -3.1]  +3.7] 50,377] 49,661] 53,786} 45,533] +10.6] 246,996} 223,320
Motor vehicles and parts . 32372| 32.209] 33,281] +05) 3.2] +3.6] 34,617] 34,451] 36,601] 31,928) +84] 171,401] 155,664
Aircraft, missiles,
space vehicles, and parts. 12,835| 12,248| 12,098} +4.8] +12} -0.9] 12,370] 11,925] 13,063) 10,733] +15.3] 59,162] 53,030
Shipbuilding and tanks 956] 947] 1,083] +10] 12.6] +21.0| 933) 939] 1,120] 828 +12.7) 4,657) 4,382
Instruments and related products . 14,388 14,210] 14553| +13] -2.4) 43.6 14,051] 13,463] 15,738] 13,510] +40] 69,410) 68,006
Search and navigation equipment 3207] 3,109} 3,177] +32| -2.1| 42.7} 3.070) 2966) 3,420] 2,849] +7.8) 15,321] 14,648
Measuring and controlling devices .| 4,112) 4,081] 4,095] +0.8|  -03] -L-l] 4,115] 3,859] 4,451) 4,134) -0.5] 20,207] 20,348
Medical instruments and supplies 401] 4711] 4962] +19) sil 46.7] 4,595] 4,382| 5,461] 4,119] 411.6] 23,073) 21,567
Photographic goods .. . | ail eis} 1/832] -2'5| -0.8) +108) 1,766) 1,754) 1,903] 1,945] -9.2) 8,413] 9,214
All other durable goods ......... 21,655 21/145] 21,033] +24] +04) +09] 21.417] 20,857] 21,942) 18,818) +13.8] 102,736) 93,605
Nondurable goods industries . 151,157] 150,322] 150,773] +0.6| -0.3] +1.0} 151,130} 149,086) 153,728] 147,534] +2.4) 737,159) 730,523
With unfilled orders 37205] 36845| 36891] +10] -0.1]  -0.9] 36,206] 35,936] 36,889] 36,637] -1.2] 179,846] 183,20€
Food and kindred products 41'518| 40733| 41659] +1.9} -2.2] +04) 41,731] 39,627] 42,543] 40,236] +3.7] 203,057) 198,802
Meat products : 81775] 81598] 81588] +21] +0.1] 0.0 9.055) 8.406) 8,590] 9,012) +0.5] 42,457) 42,767
Dairy products . 6404} 6.096] 6667] +51] 86] +12] 6,444] 5,802] 6,911] 6,054] $6.4) 32,073) 29,457
Beverages . . 6261] 6320) 6263) -09} +09 -0.1| 6,677] 6,358] 6,183) 6,475|+3.1] 30,272) 29,252
All other foods, except fi fats and oils | 18.274] 173897] 18189] +21] 1.6 +0.2] 17,751] 17,239] 18,907] 16,627] +6.8) 88,792] 86,79
Tobacco products . 4.063} a.o7i| 4149] -021 -Lol +15] 4.073] 3,840] 4,491] 3,431] $18.7] 20,293] 16,541
Textile mill products 6544] 6.561] 6363] -03] 43.1] -1.0) 6,592) 6,311] 6,734] 6,773] -2.7] 31,674) 33,71¢
Broadwoven fabrics and
other textiles... . o 3,746| 3,783{ 3,617] -1.0) +4.6f -2.1] 3,810] 3,670] 3,966] 4,112] -7.3] 18,607) 20,95«
Paper and allied products . 13507] 13,387] 13.404] +09] -0.1] 1.9} 13,404] 13,138] 13,495] 13,801) 2.9] 66,717] 69,09:
Pulp, paper, and
paperboard mill products ..... . so41| 5,065] 5,102] -0.5] -0.7] -2.6] 4,945] 4,980] 5,159) 5,248) -5.8] 25,332] 27,061
Paperboard containers and boxes . 33342] 3'288} 3,267] +161 +06 | -3.0] 3,388] 3,296) 3,299] 3,677] -7.9} 16,644) 18,00:
Miscellaneous converted
paper products... . 5,124] 5,034] 5,035) +1.81 0.0 -0.5] 5,071] 4,862) 5,037] 4,876| +4.0| 24,741) 24,02!
Chemicals and allied products 33'380| 33,575] 33.577| -0.6| 0.0] +1.1] 33,671| 34,533] 35,471) 32,920] +2.3} 167,061} 164,22:
Industrial chemicals 14440} 14'4si{ 14587| 0.1} -0.9|  -0.6] 14,644) 14,766] 15,120| 15,228] 3.8] 73,572) 77,26
Drugs, soaps, and toiletries 1S115| 157345] 14945] -1.5] 42.7] +4.7| 14.101] 14,658] 15,721] 12,595) +12.0] 71,821) 64,58
Petroleum and coal products . . 12973] 13,042] 12°380|-0.5] +53] +9.9] 13,749] 13.221] 11,434] 13,175] +44) 58,360 61,46:
Rubber and plastics products 13,585] 13.442) 13-708 +11] -1.9}  -0.1] 13.967 13.910] 14,404) 13,478] #3.6] 68,395) 66,37.
All other nondurable goods ...... . 25'578| 25,511| 25.533| +03] -0.1| +0.4| 23,943) 24,506) 25,156] 23,720] +0.9} 121,602) 120,31

T Preliminary. Revised

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