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
1998" 1998" 1998] May| = Apr. Mar. 1998" 1988" 1998 1997| 98/97
All manufacturing industries . . . . 461,564] 461,132] 459,090] +0.1] +04] 40.2] 465,727] 463,636} 458,068] 447,620] +4.0
Manufacturing industries
with unfilled orders. +++ | 307,429] 307,107] 304,874} = +0.1 +0.7]} 40.3] 311,560] 309,133] 303,069] 298,467] +44
without defense capital goods ..... | 443,961] 443,615] 441,667] +0.1| +04) —+0.2] 447,834] 446,055] 440,733] 431223] 43.9
Durable goods industries -+ | 290,526] 290,105] 288,248] +0.1] +06] ~~ +0.3] 293,883] 291,727] 287,075] 281,375] +44
With unfilled orders... .. -++- | 266,983] 266,582) 264,544] +02] +08] +03] 270,449] 268,063] 262,795] 258.489] +46
Stone, clay, and glass products . 8,783 8,755 8806] +03 06] +02 9,030 8,976 9,019 8993] +04
Primary metals .. . sete 24,876] 24,763] 24,640) +05] 40.5 -0.5| 24879] 24,737] 24,595] 24,697] +0.7
Blast furnaces, steel mills... . 12,303 12,189 12,128 +0.9 40.5 +0.4 12,177 12,004 11,975 12,078 +0.8
Iron and steel foundries o 1,639 1,639 1,630 0.0 +0.6 0.4 1,688 1,696 1,675 1,726 22
Nonferrous and other primary
metals... 2... 10,934] 10,935] 10,882 00} +05 14] 11014) 11,037] 10,945] 10,893] #11
Fabricated metal products : . 29,869 30,078 29,945 0.7 +04 +11 30,248 30,472 30,213 28,663 +5.5
Industrial machinery and equipment 61,266} 61,470] 61,379 03] +01 0.0] 62,318] 62,018} 60,690] 60,721] +2.6
Engines and turbines ..... . 4174 4,194 4,146 0.5] +12 “11 4,185 4,158 4,008 3,661) +143
Farm and garden machinery... .. 3,347 3,361 3,466 -04 3.0] +06 3,261 3,401 3,718 3,133] #41
Construction, mining and
material handling equipment . . 8,623 8,540 8421] +10] +14) +07 8,749 8,665 8511 IN| +126
Metalworking machinery ...... 7,383 7,330 7274) +0.7) +08] = +0.2 7,569 7,403 7,190 7,559] — +0.1
Computer and office equipment . . 10,957] 11,170] 11,198 “19 03] +04) 11417] 11,281] 10,392} 12,484 “8.5
Electronic and other
electrical equipment : 41,364] 41,387} 41,487 -0.1 02] 403) 41,976] 41,768] 40,935] 40,413] -+3.9
Electrical transmission and
distribution equipment and
industrial apparatus .......... 5,000 5,096 5,249 -19 29 -0.7 5,031 5,101 5,208 5,355 6.1
Household appliances sees 2,645 2,664 2,635 -0.7 +11 +14 2,846 2,847 2,725 3,004 5.3
Electric lighting and
wiring equipment ............ 3,420 3,426 3411 02] +04 “0.1 3,512 3,472 3,375 3461] +15
Household audio and
video equipment ...... : 1,298 1,236 1322]  +5.0 6.5 34 1,302 1,205 1,262 1,568] -17.0
Communications equipment 10,955] 10,979] 11,040 0.2 -0.6 15] 11,188] 11,096] 10,781] 10.858] +3.0
Electronic components ......... 14,757] 14,708} 14,547] 40.3] 0 HLL} 42.5] 14,731] 14,725] 14,324] 12,642] +165
Transportation equipment ........ 70,570 | 70,267 69,042] +04] = $1.8] 40.2] 71.226] 70,298] 69,012] 66,672] +68
Motor vehicles and parts... ... . 16,901 16,768 17,048 +08 -16 +23 16,976 16,871 17,237 17,282 18
Aircraft, missiles,
space vehicles, and parts. ...... | 48,689] 48,543] 47,133] +03] © 43.0 0.2] 49,223] 48,438] 46,856] 44,637) | +103
Shipbuilding and tanks ....... 1,667 1,628 1663] +2.4 21] +18 1,702 1,656 1,722 1601] +63
Instruments and related products. 25,875 | 25,595] 25,435] +11] 40.6] +1.0] 26,155} 25,731] 25,164] 24,890] 45.1
Search and navigation equipment. 6,393 6,284 6,280) +17) +01] 9 +1 6,477 6,338 6,179 6,263 43.4
Measuring and controlling devices 8,130 8,077 8,003} +07) +409} +407 8,190 8,133 7,965 7,786) +52
Medical instruments and supplies. 8,217 8,097 8,021 +15 +09 +12 8,275 8,091 7,914 7,824 $5.8
Photographic goods ........... 2,415 2,420 2411 0.2] +04] +02 2,481 2,448 2,385 2,366] +49
Alll other durable goods . . 27,923} 27,790) 27,514) 40.5] HO] = +0.8] 28,051] 27,727] 27,447] + 26326] +66
Nondurable goods industries -+ | 171,038] 171,027] 170,842 00} +0.1 0.0] 171,844] 171,909] 170,993] 166,245] +34
With unfilled orders... 1.2... 40,446} 40,525] 40,330 02] +05} +06) 41111] 41,070] 40,274] 39.978] +28
Food and kindred Products 36,322] 36,295} 36,316] = +0.1 -0.1 05] 35,055] 35,626] 35,956} 33,766] -+3.8
Meat products .. . . sees 4,015, 3,974 4012] +1.0 -09 -1.0 4117 4,073 4,081 3,923} +49
Dairy products vee 3,597 3,603 3,639 -0.2 -1.0 “Ll 3,646 3,708 3,603 3,250} +12.2
Beverages . . 7,325 7,322 7,308 00} 402) 411 7,280 7,341 7,325 6,691] 48.8
All other foods, except fats and oils 19,409 19,438 19,439 0.1 0.0 04 18,060 18,498 18,909 18,024 40,2
Tobacco products... : 6,179 6,152 6,258} +04 -17) 40.1 5,896 6,076 6,367 5,957 -1.0
Textile mill products ...... . 10,385 10,336 10,338 +0.5 0.0 0.0 10,715 10,602 10,365 10,488 42.2
Broadwoven fabrics and
other textiles . . seeeee 6,530 6,496 6,482 +05] 40.2 -0.2 6,690 6,634 6471 6488] +3.1
Paper and allied products ......... 16,539} 16,510] 16,458] 40.2) = 40.3) = +0.1] 16,761] 16,750] 16,657] 16,200} -+3.5
Pulp, paper, and
paperboard mill products ...... 6,719 6,691 6,666 40.4 +04 +0.2 6,786 6,758 6,762 6,668 +18
Paperboard containers and boxes 4,173 4,160 4,153 +03 +0.2 +11 4,215 4,234 4,229 3,934 47.1
Miscellaneous converted
Paper products . . . vee 5,647 5,659 5,639 02] +04 -0.7 5,760 5,758 5,666 5,598] +2.9
Chemicals and allied products 46,125 45,928 45,656 +04 +0.6 +0.2 46,676 46,424 46,019 42,577 +9.6
Industrial chemicals : 20,482] 20,433] 20,260) +021 40.9 -0.1] 20,428] 20,413] 20,301] 19,483) +4.9
Drugs, soaps, and toiletries... . . 20,181 20,082 19,935 +0.5 +0.7 +0.7 20,798 20,366 19,779 17,957 | +158
Petroleum and coal products 10,979 11,174 11,203 “17 03 -1.0 11,331 11,296 11,072 13,025 13.0
Rubber and plastics products 16,546 16,449 16,447 +0.6 0.0 -0.5 16,734 16,706 16,805 16,415 +19
All other nondurable goods . 27,963] 28,183] 28,166 08} +01) +11} 28,676) 28,429] 27,752) 27.817] 43.1

” 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 4 360
340 340
320 320
300 300
280 it 1 1 1 L 1 1 L L i L 1 1 280
May Jul Sep Nov Jan Mar May Jul Sep Nov Jan Mar May
May. 1996 - May. 1998
Total Manufacturing
Ratio of Unfilled Orders and
Inventories to Shipments
V/S Ratios UO/S Ratios
2.5 3.9
2.4F---- tr re rr re ee ee ee ee ree eee vos |-4 3.8
2.3 3.7
2.2 3.6
2.1 3.5

2
1.9
1.8
1.7
1.6
1.6
1.4
1.3
1.2

May Jul Sep Nov Jan Mar May Jul Sep Nov’ Jan Mar May
May. 1996 - May. 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
May Apr. Mar. | Apr- | Mar- | Feb. May Apr. Mar. May | May
198° 198° 1998 | May | Apr. Mar. 1998" 1998" 1998 1997 | 98/97
UNFILLED ORDERS
All manufacturing industries 537,838 | 540,306 | 538,544 -0.5 +03 -0.8 | 539,960 | 545,838 | 541,260 | 526,202 42.6
Market categories :
Automotive equipment 2,327 2,304 2,364] +10] -25 -10 2,295 2,339 2,417 2,376 34
Home goods and apparel 8,489 8,554 8,947 +08 44 -6.5 8,767 8,616 8,900 8,822 -0.6
Consumer staples _ 2,306 2,304 2,321 +0.1 0.7 | +47 2,128 2S 2,099 2,129 0.0
Machinery and equipment 251,204 | 250,555 | 249,389 | +03] +05 -0.5 | 251,868 | 251,258 | 249,609 | 233,006 +8.1
Business supplies . 6,901 6,936 6,931 -0.5 +0.1 +0.8 7,014 6,899 6,749 7,193 2.5
Construction materials
and supplies 17,946 | 17,947 | 17,751 00} +11 -0. 18,083 | 18,140 | 17,874 | 16,946 +67
Defense products .. . 96,144 | 97,405 | 97,397 -13 0. 19 | 97,038 | 99,678 | 99,523 | 104,732 -73
Other materials, supplies and |
and intermediate products . 152,521 | 184,301 } 153,444 12] +06 -0.5 | 152,767 | 156,793 | 154,089 | 150,998 +12
Durable goods industries :
Nondefense capital goods ° 267,647 | 267,356 | 266,561 +0.1 | +03 -0.4 | 267,733 | 267,714 | 267,005 | 251,995 +62
Excluding aircraft and parts 103,370 | 103,538 } 103,994 - -0.4 | +02 | 103,456 | 103,896 | 104,438 | 98,190 +54
Defense capital goods * 101,310 | 102,421 | 102,252 “ll | +02 -1.7 | 102,328 } 104,871 | 104,485 | 109,568 -6.6
Durables excluding capital goods 143,800 | 145,224 | 144,160 -1.0 40.7 -0.9 | 144,364 | 147,633 | 144,309 | 138,479 44.2
Miscellaneous series :
Producers’ durable equipment . 290,982 | 289,932 | 288,938 +0.4 +03 0.6 | 291,216 | 290,394 | 289,148 | 270,148 +78
Household durable goods on 5,661 5,698 5,984 -0.6 48 16 5,655 5,533 5,834 5,888 40
Information technology industries 39,706 | 39,485 | 39,969 | +06 -12 | +08 | 39,950 | 39,440 | 39,700 | 37,761 45.8
Health care equipment
and products ...... 9,035 9,018 3778 | +02] +27] +28 9,099 9,024 8,606 8,048 | +131
TOTAL INVENTORIES
All manufacturing industries 461,564 | 461,132 | 459,090 +0.1 40.4 +0.2 | 465,727 | 463,636 | 458,068 | 447,620 +4.0
Market categories :
Automotive equipment 8,371 8,347 8,420 +03 0.9 +19 8,499 8,463 8,533 8,538 -0.5
Home goods and apparel 33,240 | 33,145 | 33,191 +03 -0.1 +0.7 | 34,353 | 33,542 | 32,983 | 33,075 439
Consumer staples . . . . 71,833 | 71,853 | 71,859 0.0 0.0 -0.1 | 71,358 | 71,586 | 71,327 | 68,342 +44
Machinery and equipment 116,701 | 116,640 } 115,166 | +01 | 41.3 | 40.1 | 118556 } 147,371 | 114,091 | 113,084 +48
Business supplies . . . 27,348 | 27,540 | 27,406 07} +05] +09] 27,684 | 27,892 | 27.430 | 26,870 +3.0
Construction materials
and supplies 27,834 | 27,800 | 27,694 | 40.1 | +04 | +02 | 28121 | 28,088 | 27,948 | 27,541 42.1
Defense products 17,236 17,076 16,926 40.9 +0.9 0.0 17,517 17,133 16,837 16,101 +88
Other materials, supplies and
and intermediate products 159,001 | 158,731 | 158,428 | +02] +02] +02 | 159,639 | 159,561 | 158,919 | 154,069 +36
Durable goods industries :
Nondefense capital goods * 109,765 | 109,957 | 108,677 02] +12 -0.4 | 111,588 | 110,545 | 107,201 | 107,182 +41
Excluding aircraft and parts 72,494 | 72,795 72,820 -0.4 0.0 04 | 74,021 73,527 | 71,563 72,756 +17
Defense capital goods ‘ 17,603 17,517 17,423 +0.5 40.5 0.0 17,893 17,581 17,335 16,397 +91
Durables excluding capital ‘goods 163,158 | 162,631 | 162,148 +03 $0.3 +0.9 | 164,402 | 163,601 | 162,539 | 157,796 +4.2
Miscellaneous series
Producers’ durable equipment 187,614 | 187,541 | 185,875 0.0 40.9 +0.6 | 190,348 | 188,847 | 184,674 | 183,192 43.9
Houschold durable goods 16,741 16,598 16,546 40.9 +03 +0.9 17,158 16,726 16,472 16,416 44.5
Information technology industries 34,717 | 34,825 | 34,842 -0.3 00 | +401 | 35,577 | 35,190 | 33,720 | 35,524 +0.1
Health care equipment
and products 19,148 | 18,976 | 18,822 | +09] +08] +09 | 19537] 19122 | 18,634] 17,565 | +112

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’

FOR TOPICAL SERIES'
(Millions of dollars)

SHIPMENTS AND NEW ORDERS

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
1998 | 1988] 1998] ‘May | Apr. | Mar] 1998] 998°] 1998] 1997} 9897 | 1998" | 1997
SHIPMENTS,
All manufacturing industries 335,486] 336,807] 340,611] -0.4]-1.1]_ +0.8] 334,801) 333,837] 358,164] 325,261] — +2.9] 1,661,560]1,597,991
Market categories :
Automotive equipment . . 14,893] 14,744] 15,182] +1.0]  -2.9] +2.7] 15,718] 15,583] 16,408] 14,571] +7.9] 76,522] 73,635
Home goods and apparel 19,595] 19,879} 19,802} -1.4! +04) -0.5] 18,290] 18,663] 20,632] 17,692] +3.4] 93,831] 89,435
Consumer staples 69,774] 70,359] 70,358] -0.8] 0.0) +0.6| 69,157] 68,106] 70,681} 68,755] +0.6] 340,504] 334,075
Machinery and equipment 63,750] 63,454] 64,679] +05] =i. +2.2) 62,425] 61,501] 73,204} 57,552] +8.5] 310,961} 282,520
Business supplies . . . 25,906] 25,816} 26,086] +03] 1.0) +1.8) 25,802] 26,430) 26,221} 25,248] +2.2} 127,110} 123,918
Construction materials
and supplies 21,059} 21,094) 21,408} -0.2] 1.5] +0.8) 21,534) 21,220) 21,438] 21,126] +1.9] 102,630] 100,017
Defense products... . 7,028| 7,139] 7,093) 1.6] +06] +2.5] 6,824] 6,904] 7,541] 6,424] +6.2) 34,093] 32,116
Other materials, supplies and
and intermediate products 113,481] 114,322] 116,003] -0.7] 1.4) -0.2} 115,051] 115,430} 122,039] 113,893] +1.0] | $75,909] 562,275
Durable goods industries :
Nondefense capital goods * 50,299] $0,027] 51,022) +0.5]  -2.0] +2.2) 47,616] 46,494) 58,989) 43,627] +9.1] 240,564] 214,215
Excluding aircraft and parts 42,521) 42,374) 43,294] +03] -2.1] +2.3] 40,214] 38,904] 50,358] 36,914]  +8.9] 203,735] 182,705
Defense capital goods * 6.651) 6,809] 6,781] -2.3] +04) +3.4) 6,452] 6,533] 7,222] 6,094] -+5.9] 32,232] 30,183
Durables excluding capital goods . | 129,839} 130,216] 132,683] -0.3] 1.9] +0.7] 132,187] 132,262] 140,016] 127,118]  +4.0] 653,738] 627,156
Miscellaneous series :
Producers’ durable equipment 121,587] 120,688] 123,594] +0.7| -2.4) +1.7} 121,230] 119,300] 136,816] 112,917] +7.4] 602,097} 559,413
Household durable goods . 10,111] 10,212) 10,338] -1.0]  -1.2) -0.7| 9.545] 9,691] 11,164] 9,073] +5.2) 48,768] 45,379
Information technology industries 23,996] 23,818] 24,176] +0.7] -1.5] +1.1] 21,752] 20,255} 28,969] 19,801] +9.9] 110,863] 98,776
Health care equipment
and products : 11417] 11,491} 11,678} -0.6] -1.6  +3.1] 10,804) 10,841} 12,414] 10,434] +35} 55,694) 53,117
NEW ORDERS
All manufacturing industries 333,018] 338,569} 336,158 16 +0.7] = +0.2) 328,923) 338,415] 352,168] 323,870 +1.6] 1,666,172 }1,611,974
Market categories :
Automotive equipment 14,916] 14,684] 15,158) +1.6 3.1 +2.7) 15,673) 15,505] 16,374] 14,507 +8.0 76,455 73,808
Home goods and apparel 19,531] 19,487] 19,175] +0.2) +16) -1.9| 18,442) 18,379] 20,117] 18,156]  +1.6} 93,589] 90,751
Consumer staples . . 69,777] 70,342} 70,462! -0.8) -0.2} +0.7) 69,170] 68,122] 70,759] 68,781 +0.6} 340,509] 334,046
Machinery and equipment . . 64,399] 64,620] 63,431] -0.3]  +1.9] +1.0) 63,035] 63,150] 71,193] $6,772] +11.0] 315,930] 286,954
Business supplies . 25,872| 25,821] 26,144] +02] -1.2] +13) 25,918] 26,580] 26.273] 25.575] +1.3] 127,567] 124,502
Construction materials
and supplies 21,058} 21,290] 21,383] -1.1] 0.4) +0.1) 21,477) 21,486] 21,442] 21,094] -+1.8] 103,404] 100,835,
Defense products... .. 5,767| 7,147] 5,214] -19.3] +37.1] -7.8} 4,184] 7,059] 6,755] 4,462] 6.2] 31,678] 29,742
Other materials, supplies and
and intermediate products 111,698] 115,178] 115,191] -3.0) 0.0} -0.2} 111,024] 118,134] 119,255] 114,523] -3.1] 577,040] 571,336
Durable goods industries
Nondefense capital goods ° 50,590} 50,822] 49,856] -0.5]  +1.9] -0.1] 47,635] 47,203] $7,026] 42,344) +12.5] 243,884] 216,687
Excluding aircraft and parts 42,353] 41,918] 43,475] +1.0]  -3.6 +0.2) 39,774] 38,362] 49,742] 36,813]  +8.0] 205,808] 187,120
Defense capital goods * 5,540) 6,978| 5,047] -20.6] +38.3) 5.5 3,909) 6,919 6,652 3,942 -0.8 30,575 28,073
Durables excluding capital goods 128,415} 131,280} 131,381 2.2) 0.1 +0.6} 128,918} 135,586] 136,251] 129,056 -0.1} 656,313} 639,262
Miscellaneous series
Producers’ durable equipment 122,637] 121,682] 121,821 +0.8) 0.1 +1,1} 122,052] 120,546] 133,658] 112,454 +8.5] 606,786] 566,551
Household durable goods ... . 10,074] 9,926] 9,847] +1.5] +0.8) -3.3) 9,667] 9,390] 10,571] 9,491 +1.9] 48,196] 46,467
Information technology industries 24,217| 23,334] 24,500] +3.8) 4.81 +1.5] 22.262] 19,995] 29,129] 20,372) +9.3] 113,094] 101,447
Health care equipment
and products 11,434] 11,730] 11,920] -2.5]  -1.6 +4.3] 10,880] 11,259} 12,211] 10,551] +3.1] 56,438] 53,709

* 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 :

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

* Defense capital goods industries include
and tank components, and search and navigation equipment.

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

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; aircrafi, missiles, space vehicles, and engines

ordnance and accessories; communications equipment; aircraft, missiles, space vehicles, and engines and parts; ships, tanks


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.
1998" 1998" 1998 1998 1998” 1998" 1998 1998
All manufacturing industries... . . 138 137 135 136 2.81 2.82 2.77 2.82
Durable goods industries .......... 1.56 1.55 151 153 3.34 3.35 3.28 334
Stone, clay, and glass products : 1.09 1.10 inn ia 081 0.83 0.84 034
Primary metals ©... . vee 1.67 1.64 1.60 1.60 2.20 219 2.16 218
Fabricated metal products... 2... . 150 1:53 1.30 148 1.48 1.49 1.44 1.45
Industrial machinery and equipment . 1.67 1.67 1.67 1.70 2.13 214 213 215
Electronic and other
electrical equipment 138 137 134 133 1.92 1.92 1.83 1.82
Transportation equipment .... . . 137 138 131 135 10.78 10.81 10.56 11.00
Instruments and related products . . . : 194 191 1.85 1:85 3.58 3:58 352 3.87
Nondurable goods industries . . . 11s 114 114 114 0.66 0.67 0.67 0.68
Food and kindred products . wee 0.88 0.87 0.87 0.87 (X) (X) (X) (X)
Tobacco products... wees 1.85 181 1.86 178 (X) (X) (X) (xX)
Textile mill products .. <<... : 137 135 1.53 Ust (NA) (NA) (NA) (NA)
Paper and allied products .... . o 1.19 1.18 117 1.18 (NA) (NA) (NA) (NA)
Chemicals and allied products : 143 143 1.40 141 fe) (x) (x) (%)
Petroleum and coal products... .. . 0.84 0.84 0.84 0.86 (&) & &) &)
Rubber and plastics products... |. 131 130 130 131 &) & & &

° 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
May May May May
May? | 1997- May? | 1997- May? | 1997- May? | 1997-
May’ | 1993-} Apr. | May! | 1993- | Apr. | May! | 1993-| Apr. | May' | 1993- | Apr.
1998 | __1997| 1998] 1998 | 1997 | _1998| 1998} 1997] 1998 | 1998] 1997 1998
All manufacturing industries ......] (x) ou 02 (%) 02 02 o9) 0.1 01 9) 0.0 O1
Durable goods industries ......... 0.1 0.1 02 0.2 03 03 01 0.1 0.1 (xX) 0.0 0.1
Stone, clay, and glass products : (xX) 07 03 (Xx) 12 09 (xX) 06 08 &) Ol 02
Primary metals... .... 0.0 02 03 03 07 06) -02 03 02 &) 01 0.0
Fabricated metal products . . (X) 03 02 (Xx) 0.6 05 &) 04 03 (Xx) 02 Ol
Industrial machinery and equipment 05 04 05 0.0 0.7 06)  -0.1 02 02 &) Ol ol
Electronic and other

electrical equipment ........... 02 03 os} 05 04 09} -04 02 04 (x) Ol Ol
Transportation equipment 0.1 04 05 12 13 08 02 0. 0.1 & 01 03
Instruments and related products (es) 0.3 0.6 & Ml 12 () 03 03 &) 01 Ol
Nondurable goods industries ........] (xy 01 02 (%) 02 02 (x) 03 02 fe) 0.0 0.0
Food and kindred products -.......) (x) 02 04 &) ) (9) (x) fe) ® &) 0.1 02
Tobacco products .............. (x) 04 01 (x) (x) (xX) (xX) &) (x) (X) 01 0.1
Textile mill products... (x) 02 03 (X)} (NA) (NA) (X) (NA) A) (xX) 0.1 0.1
Paper and allied products wee (x) 04 04 (x) (N. (NA) (xX) (NA) (NA) (xX) 01 01
Chemicals and allied products: |. : (x) 02 03 &) (%) (x) & (X) (x) &) 0.1 Ol
Petroleum and coal products... | &) 06 02 &) &) (x) (x) (x) (x) &) 02 02
Rubber and plastics products: 2. | | | (x) 02 02 (%) &) &) &) (X) &) &) ol O.1

Capital goods industries :
Nondefense 02 03 04 1 04 0.6 02 0.1 0.1 fe) 01 02
Defense... 0.0 04 09 0.0 22 23 0.0 Ol 02 &) ol 02

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

Note : The five year and the twelve month revisions are the differences between the month-to-month percent changes of the preliminary and final estimates. The
monthly averages are the simple averages of the absolute values of the differences for the months specified. The advance to final percent change revisions for the
durable goods industries are shown in the advance report for the month.

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


CURRENT INDUSTRIAL REPORTS

cy
\By

Srares OF

Manufacturers’ Shipments,
Inventories, and Orders

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

May 1998
[3-1-(98)-05
For Wire Transmissions 10:00 a.m. E.D.T. July 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 May decreased $5.6
billion or 1.6 percent to $333.0 billion, the Department of Commerce,
Bureau of the Census reported today. This follows a 0.7 percent
April increase and is the first decline since February. Excluding
transportation, new orders decreased 1.5 percent, the second
consecutive monthly decrease. Year to date, new orders are 3.7
percent above the same period a year ago.

Shipments decreased $1.3 billion or 0.4 percent to $335.5
billion, following a 1.1 percent April decrease. This is the second
consecutive monihly decline. Year to date, shipments are 4.2 percent
above the same period a year ago.

Unfilled orders, down three of the last four months, decreased
$2.5 billion or 0.5 percent to $537.8 billion, following a 0.3 percent
April increase. The unfilled orders-to-shipments ratio was 2.81,
down from 2.82 in April.

Inventories increased $0.4 billion or 0.1 percent to $461.6
billion. This follows a 0.4 percent April increase and is the sixteenth
increase in the last seventeen months. The inventories-to-shipments
ratio was 1.38, up from 1.37 in April.

New Orders

New orders for manufactured durable goods in May decreased
$4.5 billion or 2.4 percent to $184.5 billion, revised from the
previously published 2.6 percent decrease. This follows a 1.5 percent
April increase and is the first decrease since February.

Electronic and other electrical equipment, down for the first
month since February, had the largest decrease, $2.3 billion or 7.3
percent to $29.4 billion, due to electronic components. This follows
a 1.6 percent April increase. Transportation equipment, down three
of the last four months, decreased $1.0 billion or 2.3 percent to $44.2
billion; decreases, led by aircraft and parts, more than offset
increases, led by motor vehicles and parts. This follows a 7.5
percent April increase. New orders for nondurable goods, down four
of the last five months, decreased $1.0 billion or 0.7 percent to
$148.5 billion, following a 0.3 percent April decrease. Food and
kindred products had the largest decrease.

Shipments

Shipments of durable goods in May decreased $0.3 billion or
0.1 percent to $186.8 billion, revised from the previously published
0.2 percent decrease. This follows a 1.8 percent April decrease and
is the second consecutive monthly decrease. Electronic and other
electrical equipment, down four of the last five months, had the
largest decrease, $0.3 billion or 1.0 percent to $30.0 billion,

following a 2.2 percent April decrease. Primary metals decreased
$0.3 billion or 1.7 percent to $14.9 billion. This is the third
consecutive decline and follows a 1.5 percent April decrease.
Transportation equipment, up three of the last four months, increased
$0.3 billion or 0.7 percent to $44.8 billion; increases, led by motor
vehicles and parts and aircraft and parts, more than offset a decrease
in shipbuilding and tanks. This follows a 2.6 percent April decrease.

Shipments of nondurable goods, down four of the last five
months, decreased $1.1 billion or 0.7 percent to $148.7 billion,
following a 0.2 percent April decrease. Food and kindred products
had the largest decline, $0.6 billion or 1.3 percent to $41.2 billion.
This follows a 0.2 percent April decline and is the third decline in
the last four months.

Unfilled Orders

Unfilled orders for durable goods in May decreased $2.2 billion
or 0.4 percent to $512.8 billion, revised from the previously
published 0.5 percent decrease. This follows a 0.4 percent April
increase and is the third decrease in the last four months.
Transportation equipment, down three of the last four months, had
the largest decrease, $0.6 billion or 0.2 percent to $259.1 billion,
mostly due to shipbuilding and tanks. This follows a 0.3 percent
April increase. Electronic and other electrical equipment decreased
$0.5 billion or 0.9 percent to $57.6 billion. This follows a 2.6
percent April increase and is the first decline since February.

Inventories

Inventories of durable goods in May increased $0.4 billion or
0.1 percent to $290.5 billion, following a 0.6 percent April increase.
This is the fifth consecutive monthly increase and the fifteenth in the
last seventeen months. Transportation equipment, up for the fifth
consecutive month, had the largest increase, $0.3 billion or 0.4
percent to $70.6 billion. This follows a 1.8 percent April increase.
Industrial machinery and equipment had the largest decrease, $0.2
billion or 0.3 percent to $61.3 billion. This follows a 0.1 April
increase and is the first decline since January.

Inventories of nondurable goods, up for the sixteenth
consecutive month, increased slightly to $171.0 billion, following a
0.1 percent April increase. Chemicals and allied products had the
largest increase, $0.2 billion or 0.4 percent to $46.1 billion. This
follows a 0.6 percent April increase and is the twenty-first increase
in the last twenty-two months.

By stage of fabrication, May finished goods increased 0.2
percent in durables and 0.2 percent in nondurables. Work in process
increased 0.3 percent in durables and 0.2 percent in nondurables.
Materials and supplies decreased 0.1 percent in durables and 0.4
percent in nondurables.

SEE BACK PAGE FOR UPCOMING REVISIONS

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

‘The advance report on durable goods for June is scheduled for July 29, 1998 at 8:30 a.m. and the full report on Aug. 6, 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
New Orders and Shipments
Three Month Moving Averages

Billions of Dollars

52

37

10

11

New Orders

Shipments

Pe - eee ee eee eee eee ee eee ee eee ee - ee - ee eee 4 37
J L 1 L 1 1 i it it 1 it 1 1
May Jul Sep Nov Jan Mar May Jul Sep Nov’ Jan Mar May
May. 1996 - May. 1998
Defense Capital Goods
New Orders and Shipments
Three Month Moving Averages
Billions of Dollars
10
Po eee eee eee ee eee eee New Orders) Ig
Shipments

May Jul Sep Nov Jan Mar May Jul Sep Nov Jan
May. 1996 - May. 1998

Mar

May

Note: All Charts based on seasonally

adjusted current dollars.


Table 7. VALUE OF MANUFACTURERS’ INVENTORIES, BY STAGE OF FABRICATION,
iP

BY IN

ISTRY GRO!
(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
1998? 1998" 1998 | May | Apr. | Mar. 1998? | 1998" 1998 1997 | 98/97
MATERIALS AND SUPPLIES
All manufacturing, industries 151,689 | 152,001 | 151,934 0.2 0.0 | +05 | 151,254 | 151,790 | 151,230 | 146,110} — +3.5
Durable goods industries... 89,579 | 89,671 | 89,277 “01 | +04 | +06 | 89,062 | 88,937 | 88,077 | 84,860 +5.0
Stone, clay, and glass products 2913 | 2930 | 2'926 0.6] +01} +04} 2911 | 2907 | 2303 | 2’s88 +08
Primary metals 8.022 | 8,002 | 7881 | +02] +15] +06] 7822} 7760 | 7623 | 7732 +12
Fabricated metal products © - | 10,796 | 11,008 | 10/891 19] +11] 408 | 10,718 | 10/969 | 10875 | 10/241 +4.7
Industrial machinery and equipment 18,890 | 18,961 | 18,849 | -04] +06] +16 | 191012 | 18:780 | 18'386 | 187093 +51
Electronic and other
electrical equipment 14,001 | 13,875 | 14,055] +09] -13 | -10 | 14,040} 13,930 | 13,927] 13,719 | +23
Transportation equipment . 15,162 | 15,227 | 15/348 04] 08 | +01 J isi6 | 15,259 | 15/361 | 147264 +6.0
Instruments and related products 9101 | 9,050 | 8889 | +06] +18] +19] 97156] 97102] 8839} sigs] +118
Lumber, furniture and
miscellaneous durable goods . . . . 10,694 | 10,618 | 10,438 | 40.7] +1.7 | +402] 10287 | 10,230} 10,173 | 9,735 45.7
Nondurable goods industries 62,110 | 62,330 | 62,657 05 | +03 | 62,192 | 62,853 | 63,153 | 61,250 +15
Food and Kindred products 11340 | 11398 | 11346 +05 | 02] 11173 | 115477 | 11434 | 11,025 +13
Tobacco products . . 51158 | 5,156 | 5'230 14] 05 | 51052} 5:219 | 53396 | 51127 “15
Textile mill products’ | 3,108 | 3,061 | 3,067 02} +07] 3193 | 3124 | 31g | 3222 09
Paper and allied products’. 8.013 | 8041 | 8,040 00 | +10] soa) 8130 | 8112 | 7/846 425
Chemicals and allied products 14871 | 14,968 | 15,097 09 | +05 | 14946 | 15037 | 15:12 | 147196 +53
Petroleum and coal products 3,206 | 3,234 | 3,435 59 | 34] 3259] 3308 | 3/510 | 3929 | -171
Rubber and plastics products |: | 6518 | 6,496 | 6,464 +05 00} 6547 | 6547 | 6502 | 6260] +46
Apparel, printing, and publishing
and leather goods... . -.. | 9896 | 9976 | 9,978 00 | +20] 9981] 10011 | 9919 | 9,645 43.5
WORK IN PROCESS
All manufacturing industries 148,972 } 148,602 | 146,662 | +02] +13 | +0.1 | 150,067 | 148,838 | 145,549 | 141,781
Durable goods industries : 119,257 | 118,943 | 117,344 | +03] +14] +03 | 120,536 | 119,379 | 116,704 | 114,142
Stone, clay, and glass products . 265 260} 12799] +04] 15 | ors 1316 322 373 | 1348
Primary metals... 2... 8657 | 8,696 | 8674} -04] 403] -14] 8705] 8'751 8.745 | 8/851
Fabricated metal ‘products 8.443 | 8401 | 8393 | +405] 401] 439] 81536] 81435 | 83375 | 81057
Industrial machinery and equipment’ | 23,313 | 23369 | 23°368 -02 0.0] -07 | 23;741 | 23,613 | 23022 | 231172
Electronic and other
electrical equipment 16,019 | 16,143 | 15,885 08] +16] +04] 16131 | 16,226 | 15,741 | 14,916
Transportation equipment . . . . 46,412 | 46,031 | 44595 | +408] +432} 40.1 | 46,825 | 45/805 | 44'372 | 42/643
Instruments and related produci 9,927 9,823 9,888 +11 0.7 +0.9 10,024 9,904 9,805 10,068
Lumber, furniture and
miscellaneous durable goods . 5,221 5,220 | 5,262 oo} 08} 425] 5258] 5,233] 5,271 5,087 43.4
Nondurable goods industries 29,715 | 29,659 | 29318 | +02] +12] 05 | 29531 | 29,459] 28,845 | 27,639 +68
Food and kindred products | - 53342 | “5347 | “5313 01] +06} -1i | “4'8a1 5015 3159 |” 4:638 +44
Tobacco products a 203 198 173, | +25 | +145] +488 162 161 156 164 -12
Textile mill products’. 2,549 | 2,584 | 2,591 14] 03 | -08 | 2575 | 2619 | 2,583 | 2,602 -10
Paper and allied products - 1327 | 1846 | 1853 10] 04] 22 1843 | 11858 | 1:852 1,726 +68
Chemicals and allied products 8,968 | 81828 | 8595 | +16] 427] +01 | 97143] g'335 | 8443] 754g | 4212
Petroleum and coal products 2492 | 2/514 | 2/554 09} -16 | 04] 27580 { 2572 | 2/549 | 27799 “78
Rubber and plastics products 2185 | 2234 | 2271 22] 16} +09} 2176 | 2222 | 2/280 | 2/254 “3.5
Apparel, printing, and publishing
and leather goods . . . 6,149 | 6,108 | 5,968] +07] 423] -09 | 6206] 6177] 5,823 | 5,908 +5.0
FINISHED GOODS
All manufacturing industries 160,903 160,529 160,494 +0.2 0.0 +0.1 164,406 163,008 161,289 159,729 +2.9
Durable goods industries 81,690 | 81,491 | 81,627) +02] -02] +02 | 84,285 | 83,411 | 82,204 | 92,373 423
Stone, cay, and glass producis 4,605 | 4,565 | 4.601 | +09} 08 | +06] 4803 | 4747] 47753 | 4757 +10
Primary metals. 8,197 | 8065 | 8085 | +16) -02] -05 | 8352] 8226] 8227] sia] 429
Fabricated metal products “| | 101630 | 10,669 | 10,661 04 | +01 -05 | 10/994 | 11/068 | 10,963 | 10,365 +61
Industrial machinery and equipment 19,063 19,140 19,162 -0.4 0.1 -0.5 19,565 19, 625 19,282 19,456 +0.6
Electronic and other
electrical equipment 11,344 | 11,369 | 11,547 02] 1s | +17 | 1ng0s | 11612 | 11,267 | 11,778 +02
Transportation equipment - 8,996 | 9009 | 9,099 Ol} -10 } +11 | 9285 | 9144 | 91279 | 9°65 49
Instruments and related products 6847 | 6722 | 6658] +19] +10] 02] 6975] 6725 | 61520 | 6634 +5.1
Lumber, furniture and
miscellaneous durable goods 12,008 11,952 11,814 +0.5 +12 12,506 12,264 12,003 11,504 +8.7
Nondurable goods industries... . 79,213 | 79,038 | 78867 | +02] +02 80,121 | 79,597 | 78,995 | 77,356 43.6
Food and kindred products |) |: 19640 | 19550 | 19657] +05] -05 19,041 | 19,134 | 19313 | 18,103 45.2
Tobacco products . . u 818 798 835} 425] 67 682 69 815 666 424
Textile mill products: | | 4728 | 4691 | 4680 | 408] +02 4947 | 4,859 | 4.663 | 4,664 +6.1
Paper and allied oducts. 6,699 6,623 6,565 +11 +0.9 6,877 6,762 6,693 6,628 43.8
Chemicals and allied products 22,286 | 22132 | 21964 | 407] +08 22,582 | 22/552 | 22,464 | 20,833 +84
Petroleum and coal products 5,281 5,426 5,214 27 +41 5,492 5,416 5,013 6,297 128
Rubber and plastics products .. 7,843 7,219 7712 +16 +0.1 8,011 7,937 8,023 7,901 +14
Apparel, printing and publishi
and leather goods 11,918 | 12,099 | 12,220 5] -10 12,489 | 12,241 | 12,010 | 12,264 +18

* 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
May Apr. Mar.| Apr-} Mar-| — Feb- May Apr. Mar. May} May
1998” 1998" 1998] May} = Apr.}— Mar. 1998" 1098 1998 1997] 98/97
All manufacturing industries 537,838} 540,306 | 538,544 -0.5 +03 -0.8] 539,960] 545,838] 541,260] 526,202 42.6
Manufacturing industries
without defense capital goods 436,528 | 437,885 | 436,292 03] +04 -0.6| 437,632] 440,967] 436,775] 416,634] —+5.0
Durable goods industries 512,757] 515,001] 512,973 04] +04 0.8] 514,425] 520,218] 515,799] 500,042) +29
Stone, clay, and glass products 6,219 6,345 6,401 -2.0 09] +11 6,345 6,522 6,527 6,879 -18
Primary metals ...... 32,743] 33,109] 33,161 “ld 02 21] 33,153] 34,230] 34,710] 31,553] 45.1
Blast furnaces, steel mills” 13,897 13,979 14,190. -0.6 “1S 03 14,186 14,492 14,940 12,831] +10.6
Iron and steel foundries 5,787 5,748] 5,794] +07 08) +20} 5,860 5,942 6,059] 4,837] +211
Nonferrous and other primary
metals fees 13,059] 13,382] 13,177 24} +16 13,107] 13,796} 13,711] 13,885 -5.6
Fabricated metal products. : 27,710] 27,658) 27,203 +02] +17 27,655] 27,635] 27,162] 25,899] +8.0
Industrial machinery and equipment 73,427| 73,778] 73,780 -0.5 0.0 . 73,327] 73,996] 74,169] 74,077 -10
Engines and turbines... .. -» [11662] 11,889} 11,598 19} 425 22] 11,055] 11,381] 11,392] 11,623 49
Construction, mining and
material handling equipment . 11,364] 11,243] 11,169 +11 +0.7 42.0) 11,584] 11,705] 11,748 9,255] +252
Metalworking machinery 7349) 7,416] 7,460 09 06] +21 7349] 7,416 7,460 8,564]  -142
Computer and office equipme! 7,783 7,930 8,055 -19]  -16} +09} = 8,000] 7,871 7,752| 9,664] -17.2
Electronic and other
electrical equipment see 57,637] 58,184} 56,733 09] +26] +04} 57,725] 59,440] 55,517] 54,197] +6.
Electrical transmission and
distribution equipment and
industrial apparatus ......... 6144] 6146] 6,224 00} -13 12] 6214] 6,243 6,353 6810] 8.8
Electric lighting and
wiring equipment 5,200 5,112 5033] +17] +16 0.6] 5,200 5,112 5,033 4478] +16.1
Communications equipment 16,944 16,389 16,405 43.4 0.1 43.1 16,917 16,399 16,407 14,241]  +18.8
Electronic components . . . 23,333} 24,355] 22,864 42) +65 -0.7| 23,405) 25,488] 21,523] 22,669) $3.2.
Transportation equipment 259,076 | 259,654 | 258,903 02] +03 -14] 259,750] 261,875] 260,958} 252,320] +2.9
Aircraft, missiles,
space vehicles, and parts. 225,726 | 225,807] 223,946 00} +08 -1.5] 226,620] 227,930] 225,718] 220,441} +28
Shipbuilding and tanks ... . 17,312 17,846 18,369 3.0 28 0.0 17,264 17,808 18,338 18,479 6.6
Instruments and related products 47,791] 48,102] 48,216] 0.6 0.2 09] 47,988] 48393] 48,547] 47,095] +1.9
Search and navigation equipment . | 27,566] 27,830} 28,033 09 0.7 08] 27,717] 28,147] 28,492} 27,522] +0.7
Measuring and controlling devices . 9,838] 9,891] 10,023 -0.5 “13 “15 9.838] 9,891] 10,023] 10,071 23
Medical instruments and Supplies 3,992 8,975 8734) +02) 428] +428] 9,056 8,982 8,564 8011] +130
All other durable goods . . . 8,154 8,171 8,576 0.2 47 38 8,482 8,127 8,209 8322] +19
Nondurable goods industries 25,081} 25,305} 25,571 0.9 -1.0 -10] 25,535] 25,620] 25,461] — 26,160 24

° 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!
Month Percent Change Monthly Percent Year to date
y 8
Industry change

May| Apr.| Mar. | Apr | Mar-| Feb.-| May] Apr. | Mar. May | May
1998"| 1998} 1998] May] Apr.| Mar.| 19987] 1998'] 1998] 1997] 98/97] 1998" | 1997

All manufacturing industries 333,018] 338,569] 336,158) -1.6) +0.7) — +0.2} 328,923) 338,415} 352,168} 323,870] +1.6] 1,666,172 }1,611,974

Manufacturing industries

with unfilled orders . . . ++ +++ 189,015] 193,700] 190,148] -2.4]  +1.9) 0.0] 181,967] 191,655] 201,978] 177,233] 42.7] 944,736] 895,748
without defense capital goods . . . . . | 327,478] 331,591] 331,111] -1.2] +0.1]  +0.3] 325,014] 331,496] 345,516] 319.928} —+1.6| 1,635,597]1,583.901
Durable goods industries. : 184,545] 189,080] 186,284] -2.4 +1.5|_ +0.3] 180,462] 189,708] 199,929] 175,342)  +2.9] 930,772 884,022
With unfilled orders .... . +++] 151,206] 155,922} 152,336] -3.0]  +2.4) — -0.1] 145,193] 154,289] 163,542] 141,875 +2.3] 759,794] 718,669

Stone, clay, and glass products... .
Primary metals -......
Blast furnaces, steel mills

7,929) 7,936 8,032} -0.1 1.2) 42.7] 8,156} 8,194 7,853] 7,726 +5.6 38,489) 36,422
14,507] 15,083} 14,655 3.8) +29) -5.3} 14,132] 15,249] 15,308] 15,544] 9.1 77,345| 80,605
5,956) 5,936] 6,239] +0.3 49-15) 5,852) 5,926] 6,465 6,244 6.3 32,015} 32,961

Iron and steel foundries... 2... 1,613) 1,549) 1,788} 44.1) -13.4) 40.9] 158i] 13579] 1,975] 1,521] 43.9] 8,689] 7930
Nonferrous and other primary
metals ........ . 6,938] 7,598] 6,628] -8.7) +14.6) -10.1} 6,699] 7,744] 6,868] 7,779] -13.9} 36,641] 39,714

Fabricated metal products ........| 19,914] 201130] 19923] “1.1] +10]  o.o| 20.266 20,358] 20.609] 18988] +6.7 99,383) 94,291
Industrial machinery and equipment 36,297} 36,724) 37,416} -1.2) -1.8}  +2.2] 34,898] 35,223} 43,315] 32,280] +8.1] 180,534] 163,741

Engines and turbines ee 1,907] 2,323] 1,883] -17.9] +234) -9.4} 1,749] 1,885] 1,903] 1,416] +23.5 8,847 7,790
Construction, mining and
material handling equipment ....] 4,353} 4,234] 4,331] +28) -2.2] -2.9] 4,216] 4,237] 5,046] 3,594] +173] 22,444] 19,644
Metalworking machinery . . . 3,386] 3,433) 3,624) -1.4] 5.3] +1.8| 3,335] 3,222] 3,862] 3,187] +4.6] 16,517] 16,083
Computer and office equipment ...} 10,409] 10,558} 10,647] -1.4]  -0.81 +4.) 9,019] 8,469] 13,935] 7,949] 413.5] 47/859] 39.912
Electronic and other
electrical equipment. veces] 29,421) 31,734] 31,229] -7.3) +1.6)  +1.1] 26,980) 31,944] 31,473} 29,509) 8.6] 150,207} 142,988

Electrical transmission and
distribution equipment and
industrial apparatus ...........] 3,433] 3,349] 3,491] +2.5{ -4.1) 3.9] 3,318] 3,259] 3,830] 3,136] +5.8] 17,339] 16,447
Electric lighting and

wiring equipment ....... 2,263) 2,275) 2,168] -0.5] 44.9} -9.3} 2,238] 2,190] 2,336] 2,089) = +7.1] 11,161] 10,443
Communications equipment 7,562) 6,759} 7,589] +11.9] -10.9) +13 6,941] 5,774] 8472/6230] +114] 34,264] 29,630
Electronic components +] 10,783) 13,846) 12,297) -22.1] +12.6 +5.0) 9,348] 15,621] 11,275] 12,858} -27.3] 61,319] 59,779

Transportation equipment ........-] 44,232) 45,268] 42,108] -2.3) +7.3] -0.6 44,087] 47,097] 46,945] 39,590] +11.4] 225/535] 208,614

Aircraft, missiles,

space vehicles, and parts, +] 11424] 13,180] 8,166] -13.3) +614] -14.0] 9,713] 13,264] 10,356] 7,255] +33.9] 55,490] 45,475
Shipbuilding and tanks .. . . 275 344] 970] 49.4] -43.9} +664] 284] 561 956] 948) -70.0] 3,223) 3,330
Instruments and related products ....} 13,031] 13,308] 13,288] -2.1 +0.2) 12,662] 12,660] 14,054] 12,111] +45] 64,897] 63,675
Search and navigation equipment .| 2,576] 2,701] 2,624) -4.6 0.0) 2,297] 2,495] 2,978] 1,753] +31.0] 12,937] 12,548
Measuring and controlling devices 3,831] 3,682] 3,700} +4.0) -4.7| 3,824] 3,470) 4,010} 3,883) 1.5] 18,764] 18,913
Medical instruments and supplies 4,274] 4,609] 4,739] -7.3 +5.91 4,148] 4,500] 4,686] 4,001 +3.7{ 22,042] 20,352
All other durable goods ....... 19,214] 18,897] 19,633} +1.7 +1.0] 19,281] 18,983] 20,372) 19,594} -1.6] 94,382] 93,686
Nondurable goods industries ...... .} 148,473] 149,489] 149,874) -0.7/_ -0.3| +0.2| 148,461] 148,707] 152,239] 148,528 0.0] 735,400] 727,952
With unfilled orders ......... 37,809] 37,778] 37,812] +0.1]  -0.1] +02) 36,774] 37,366] 38,436] 35,358] +4.0] 184,942] 177,079

® 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 fo 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 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
1998"| 1998"| 1998] May| Apr] Mar.| 1998] 1958] 1998] 1997 | 98/07 | 1998 | 1997

All manufacturing industries... . | 335,486] 336,807] 340,611] -0.4] 1.1] +0.8] 334,801] 333,837] 358,164] 325,261] +2.9] 1,661,560]1,597,991
Manufacturing Industries

with unfilled orders ..........| 191,483] 191,938] 194,601] -0.2] -1.4]_ +0.9] 187,845] 187,077] 207,974] 178,624] +5.2] 940,124] 881,765

without defense capital goods . . . | 328,835] 329,998] 333,830] -0.4] -1.1]_ +0.8) 328,349] 327,304] 350,942] 319,167] +2.9] 1,629,328 1,567,808
Durable goods industries ......... 186,789] 187,052] 190,486] -0.1] -1.8] +1.2] 186,255] 185,289] 206,227] 176,839] +53) 926,534] 871,554
With unfilled orders. . anes . | 153,450] 153,894] 156,538 03 1.7] +1.0] 150,986} 149,870} 169,840] 143,372 +5.3) 755,556] 706,201
Stone, clay, and glass products . . 8,055] 7,992) 7,962) +08] +04) +02] 8333} 8,199] 7,771] 7,807] +6.7| 38,389) 36,120
Primary metals . . ae . 14,873] 15,135] 15,368 17 +15) -0.9} 15,209] 15,729} 15,995] 15,655 -2.8 77,529 77,490
Blast furnaces, steel mills” . 1 6,038] 6.147] 6.282] -1.8| -2.1] -0.4) 6,158] 6.374] 6,505] 6,241] 1.3] 31,721] 31,665
Iron and steel foundries . . . . 1,574} 1,595] 1,672] 13) 4.6) +04 1,663) 1,696 1,744) 1,525) +9.0 8,274 7,385
Nonferrous and other primary

metals... ... ... 7,261) 7,393} 7,414] 1.8] -0.3] -1.6 7,388) 7,659] 7,746] 7,889] -6.4] 37,534) 38,440

Fabricated metal products. . 19,862] 19,675} 19,968} +1.0) 1.5] +0.1) 20,246) 19,885] 20,730) 18,923 +7.0 98,446] 92,922
Industrial machinery and equipment . 36,648] 36,726] 36,818} —-0.2) 0.2) +2.0) 35,567) 35,396) 43,553] 32,427] +9.7] 180,115] 161,828

Engines and turbines .... . 2,134] 2,032 2,147| +5.01 -5.4) +78) 2,075] 1,896] 2,552} 1,797] +15.5] 10,076] 8,868
Farm and garden machinery... . 27215] 2,277 2,151] -2.7] +59] +15] 2611] 3,104] 2,886) 2,344] 411.4] 13,029] 11,608
Construction, mining and
material handling equipment ....] 4,232] 4,160} 4,111] #1.7| +12} +05] 4,337] 4,280] 4,603] 3,803} +14.0] 21,238] 19,018
Metalworking machinery .......| 3,453] 3,477] 3,471] -0.7| +02} +15] 3,402] 3,266] 3,709] 3,390] +0.4) 16,313] 15,729
Computer and office equipment ... | 10,556] 10,683| 10,579} 1.2) +1.0, +4.1] 8,890] 8,350] 14,051) 7,641] +163] 47,586] 40,029

Electronic and other

electrical equipment .....] 29,968] 30,283} 30,980] -1.0] -2.2) 0.1] 28,695] 28,021] 33,339] 27,779] +3.3] 145,343] 136,653

Electrical transmission and
distribution equipment and

industrial apparatus. ...........]  3,435| 3,427] 3,565] +0.2] 3.9} -1.2] 3,347] 3,369] 3,893) 3,179| 45.3] 17,346] 15,939
Household appliances ...... 2,152) 2138] 2153] +07] -0.7| -2.0) 2,168} 2,118) 2,377] 1,968] +10.2] 10,505} 9,715
Electric lighting and

wiring equipment............] 2,175] 2,196] 2,198] 1.0] 0.1] +1.5] 2,150] 2,111] 2,366] 2,116} +1.6] 10,784] 10,379
Household audio and

video equipment .............] 1,333} 1,392) 1,373) -4.2] +14] +19) 1,128] 1,145] 1,318) 1,132) -0.4] 5,849] 5,621

Communications equipment ..... 7,007) 6,775 7,099] +3.41 4.6) +03} 6,423) 5,782 7,998) 5,877| +93 31,648] 27,789
Electronic components . _ 11,805] 12,355] 12,466} = -4.5) 0.9 -0.9} 11,431] 11,656] 13,351) 11,415) +0.1 59,613} 56,871
Transportation equipment 44,810) 44,517] 45,704] +0.7 -2.6| 43.1] 46,212] 46,180] 49,525] 42,738) +8.1] 226,510) 212,029

Motor vehicles and parts .......] 30,599] 30,293] 31,029} +1.0) -24| 42.4) 32,429) 32,141] 33,469) 29,912) +84) 158,014] 150,877
Aircraft, missiles,
space vehicles, and parts. . -} 11,505} 11,319) 11,487] +1.6) -1.5]  +2.0] 11,023] 11,052] 12,629) 10,023} +10.0 54,462} 47,943
Shipbuilding and tanks . see 809 1,067 967] -24.2) +103) +14.8 828 1,091 1,002) 1,025) 19.2 4379 4,304
Instruments and related products . 13,342] 13,422] 13,716] — -0.6] -2.1[ +07] 13,067] 12,814] 14,710) 12,505) +45 65,853} 62,392
Search and navigation equipment. 2,840) = 2,904 2,856) -2.2) +17) +1.2) 0 2,727 2,840 3,078) 2,515 +8.4 14,024 12,643
Measuring and controlling devices 3,884 3,814 3,851] +18 -1.0) -4.0) 3,877) 3,602} 4,161 3,755] +32 19,070} 18,589
Medical instruments and supplies. 4,257 4,368} 4,497) -2.5 -2.9| 43.0) 4,074) 4,082) 4,889} 3,885) +49 21,298 19,767
Photographic goods ... . . 1,889} 1,873 1,984] +0.9| 5.6 +2.4) 1,917) 1,824 2,042) 1,912 +03 9,106 9,250
All other durable goods ..........} 19,231} 19,302] 19,970} -0.4] -3.3] +11] 18,926] 19,065] 20,604) 19,005] 0.4 94,349] 92,120

Nondurable goods industries
With unfilled orders... .

Food and kindred products «
Meat products . . .

148,697] 149,755} 150,125 0.7 0.2) +0.3) 148,546] 148,548] 151,937] 148,422) +0.1] 735,026] 726,437
38,033] 38,044] 38,063) 0.0 0.0] +0.6) 36,859] 37,207) 38,134) 35,252) +4.6] 184,568] 175,564
41,219) 41,778) 41,872) -1.3 0.2) +02) 41,345] 40,682] 42,331] 40,437 42.2] 203,990] 195,537

9,045 9,084 9,001 0.4) +09) +02) 9,261 8,820) 8,972| 9,115 +16 44,030) 43,348

Dairy products... bene 6,138} 6,051] 6,066] +1.4] -0.2]  +0.1] 6,263] 5,867] 6,246} 5,181} +20.9] 30,064] 24,736
Beverages ........ :| 6,102} 6,103] 6,002} 0.0] +1.7]  -2.9} 6,546] 6,104] 5,936] 6,319] +3.6] 29,448] 28,039
Alll other foods, except fats and oils | 17/848] 18,451] 18,629] -33| -1.0| +1.3} 17,189] 17,802] 19,003] 17,849) 3.7] 89,800] 89,186
Tobacco products ..............] 3,347] 3,406] 3,362] -1.7| +13) -4.1} 3.419] 3,216] 3,493] 3,346] -+2.2] 16,533] 15,439
Textile mill products. issee.{ 6614] 6659] 6,742) 0.7] 1.2} -1.6 6.613] 6.352] 7,230] 6,856| —-3.5] 33,000] 33,125
Broadwoven fabrics and
other textiles ...............] 3,989] 4,034) 4,205} 1.1] 4.1) -0.3) 4,045] 3,886] 4,680] 4,267] -5.2] 20,630] 20,808
Paper and allied products :.{ 13,925] 13,976] 14,017] -0.4| -0.3] +0.5] 13,792] 13,753] 14,130] 13,191] +46] 69,234] 65,855
Pulp, paper, and
paperboard mill products... . 5,267| 5,387] 5,438] 221 -0.9]  -1.4] 5,165] 5,283) 5,471] 5,171] 0.1] 26,741] 26,107
Paperboard containers and boxes 31545] 3,519] 3,525 +07] -0.2| +2.4) 3,596] 3,557) 3,607) 3,261] +10.3] 17,651] 16,270
Miscellaneous converted
paper products... .....] 5,113] 5,070] 5,054] +0.8] +0.3) 41.4] 5,031] 4,913] 5,052) 4,759] $5.7) 24,842] 23,478
Chemicals and allied products 32,242] 32,184] 32,556] +0.2| -1.1] +0.6] 32,873) 33,511] 34,302] 33,507] -1.9] 163,770] 164,527
Industrial chemicals... . »., 14796] 14:16) 15,1251 -0.1]  -2.0f -1.5] 15,020] 15,200] 15,718] 16,191] -7.2] 76,523) 80,703
Drugs, soaps, and toiletries ...... | 13,173 13,102] 13,210] +0.5]  -0.8] +3.3) 12,357] 12,406] 13,844) 12,028] +2.7] 63,201] 61,279
Petroleum and coal products . . .. . 13,019] 13.229] 13,307] -1.6| 0.6 40.7] 13,545] 13,119] 12,172) 15,812) -143] 63,330] 74,833
Rubber and plastics products ......| 12,598] 12,652] 12,668] 0.4) -0.1] +0.1) 13,002] 13,079] 13,193] 12,687] +2.5] 63,742) 62,408
All other nondurable goods .......| 25,733] 25,871] 25,601] -0.5| +1.1) +1-1] 23,957] 24,836] 25,086] 22,586] +6.1] 121,427] 114,713

¥ 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