Table 4. VALUE OF MANUFACTURERS’ INVENTORIES FOR INDUSTRY GROUPS

(Millions of dollars)

Seasonally adjusted

Not seasonally adjusted

Industry Monthly Percent Change Monthly Percent
change
Aug. July June} —July-} June-] May- Aug. July June Aug.| Aug.
19967] 196" 1996} Aug} July} June] 1996” 1996" 1996 1995} 96/95
All manufacturing industries... . . 435,605 | 434,446 | 433,868 403 +0.1 0.1] 438,960] 436,123] 431,893] 431,058 +18
Manufacturing industries
with unfilled orders 292,705} 291,706} 291,246) +03} +02] 02] 296582] 294,500} 291,048] 290,550]  +2.1
without defense capital goods . 416,477| 415,174] 414,518 03 +02 0.1] 419,346] 416,422] 412,334] 410,462 422
Durable goods industries . 275,921] 274,807] 273,649 40.4 +04 0.1} 278,625} 276,168) 272,284] 269,638 433
With unfilled orders. 252,966 | 251,958) 251,228] +04] +03] -0.1] 256,093] 253,971] 250,699| 248136] +32
Stone, clay, and glass products . 8,247 8,205 8,274 +05 08 0.1 8,253 8,311 8,375 8,661 AT
Primary metals... . 23,566 | 23,555 | 23,726 0.0[ -0.7} 40.2) 23,685] 23,715] 23,611] 23,937] -1.1
Blast furnaces, steel mi : 11,676) 11,564] 11,570] +10] -0.1] 40.1] 11,711] 11,662] 11,389] 11/530] +16
Iron and steel foundries... . 1,449 1,456 1,443 05 40.9 +h 1,439 1,455 1,474 1,363 45.6
Nonferrous and other primary
10,441] 10,535] 10,713] 0.9] 1.7] +0.1] 10,535} 10,598] 10,748] 11,044] 4.6
a 26,160) 26,008] 25,671] +0.6) +13) -09] 26,256] 26.246] 25,983| 27.076] —-3.0
Industrial machinery and equipment 59,308] 59,222] 58,772] +011 +08 1.2] 59,876] 59,222] 57,982] 57,539] +4.1
Engines and turbines . . . 3,869) 3,837] 3,787] +08) +13] 03) 4,106] 3,908] 3,740] 4252] 3.4
Farm and garden machinery 2,903 2,914 2,929 04 0.5 0.0 2,691 2,662 2,732 2,592 43.8
Construction, mining and
material handling equipment ... . 7,216 7,172 7,152 40.6 +03 +01 7,158 7,088 7191 6,988 +24
Metalworking machinery. 7,136{ 7,087] 7,081] +0.7] 9 +0.1 09] 7,372] 7,248] 7,063} 6.915] 46.6
Computer and office equipment . . . 13,041] 13,139 , O07) 0 +11 42} 13,458] 13,350] 12,501] 13,050] 43.1
Electronic and other
electrical equipment ........... 41,047] 40,954] 41,095 40.2 03 40.3] 41,671 41,484] 41,089] 40,031 +41
Electrical transmission and
distribution equipment and
industrial apparatus . 4671] 4,678] 4,683] -0.1 -0.1 -13] 4,753} 4,726] 4,657] 5314] -106
Household appliances 2,745 2,691 2,637 +2.0 42.0 427 2,671 2,651 2,710 2,698 -1.0
Electric lighting and
wiring equipment . 3,331] 3,324) 3,298] 40.2] +08) 09] 3,384] 3,396) 3,352] 3,521 39
Household audio and
video equipment . . . 1,542 1,560 1,566 12 04 2.6 1,662 1,671 1,644 1,612 43.1
Communications equipment 11,243] 10,977 10,992 +2.4 0.1 +14 11,378 10,965 10,914] 10,115] +12.5
Electronic components . . . . 13,962] 14,168] 14,330] 1S] 11] 404] aat7t| 14411] 14152] 13,223] +72
Transportation equipment . 67,053 | 66,855 ‘ 403) 40.7) +11] 67,965] 67,092] 65,520] 64,001] +62
Motor vehicles and parts . 15,811 15,869] 15,537 04 42.1 0.8 16,086 15,874 14,963 15,744, 422
Aircraft, missiles,
space vehicles, and parts. 46,053] 45,897] 45,840] +03 +0.1 +18] 46,674} 46,149} 45,624] 43,326) -+7.7
Shipbuilding and tanks .. . 1,847 1,802 1,878] +25 4.0) 40.6 1,856 ,839 1,880 1,686] +10.1
Instruments and related products . 25,082] 24,922] 24,523] +06) +16) -0.5] 25,503] 25,174] 24,636] 23,638] +79
Search and navigation equipment 6,725 6,691 6456] 40.5 43.6 -Ll 6,863 6,801 6,472 6,101} +12.5
Measuring and controlling devices . 8,059 8,007 7890} 40.6] +15 40.1 8,164 8,084 791 7,572) +78
Medical instruments and supplies 7,366] 7,298} 7,279} 40.9] +03) +08) 7,476{ 7330| 7327] 6924] +80
Photographic goods . . . 2,290 2,298 2,267 03) +14 48 2,359 2,329 2,285 2,422 2.6
All other durable goods . . 25,458) 25,086} 25,189] +15] -04] 0.1] 25,416} + 24,924] 25,088] 24°755] 42.7
Nondurable goods industries . 159,684] 159,639} 160,219 00] -04] —-0.1] 160,335] 159,955] 159,609] 161,420] -0.7
With unfilled orders . . 39,739] 39,748} 40,018 0.0 0.7 0.6} 40,489] 40,529] 40,349) 42,414 4.5
Food and kindred products 33,135] 33,185] 33,271 0.2 03 +01) 32,931) 32,196] 31,728] 32,294] +2.0
Meat products : 3,993 4,008 4,046 04 09 04 3,921 4,011 4,079 3,610] +8.6
Dairy products . 2956] 2921 2,779) +12] +51) +49] 3,036} 3053/2836) 267] 414.7
Beverages . . : 6241 6197} 6,207} +0.7} 02] +02] 6122] 6,093] 6,169] 5,921] 43.4
All other foods, except fats and oils 17,696] 17,851] 18,053] -09] 9-11 09} 17,873} 16,964} 16,576| 18,629] 4.1
Tobacco products... : 5611 $524) 5,586] +16) 0-11 04] 5,398] 5,123] 5,242] 5,367} +06
Textile mill products 10,085} 10,007] 10,007 +08 0.0 0.5] 10,147] 10,151] 10,096} 10,326 17
Broadwoven fabri
other textiles ...... 6013} 5,972] 5,987 +0.7} 03] 0.4] 6,043} =~ 6,045] 6,000] 6,213] 2.7
Paper and allied products 16,780} 16,726} 16,749] +03] 0.1 ll} 16,749] 16,710 16,724] 16942] Lt
Pulp, paper, and
paperboard mill products 7,037 7,044 7,008 0.1 40.5 0.0 7,002 6,966 6,925 6,538 +11
Paperboard containers and bo: 3,987 3,974 4,060] +03 21 3.6 3,991 4,011 4,059 4,757| 16.1
Miscellaneous converted
Paper products .......... 5,756] 5,708] 5,681] +08] 405) -05) 5,756] 5,733] 5,740] 5,647] +19
Chemicals and allied products 38,990] 38,877] 39,086 403 0.5 +02} 38,989] 38,909} 39,035] 38,800 +05
Industrial chemicals... .. 18,822] 18,686} 18,770] +0.77 9-04] «+05 18.803} 18,701} 18,657] 19,022] -1.2
Drugs, soaps, and toiletries. 15,151} 15,178] 15,290} 0.2] 0.7] 0.3] 15,469] 15,432] 15,547] 15,240] +15
Petroleum and coal products 12,277] 12,327 12,287 04 +03 05 12,501 12,628 12,544] 11,609 47.7
Rubber and plastics products 15,333 15,277] 15,241 +04 40.2 40.6 15,121 15,279 15,227] 15,204 05
All other nondurable goods . . 27,473) 27,716} 27,992] -09] -1.0] = -0.1] 28,499] 28.959] 29013] 30878) 7.7

” Preliminary. ‘ Revised.

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


10 Total Manufacturing
New Orders and Shipments
Three Month Moving Averages
Billions of Dollars

360 360
New Orders

340 F- - --------------- +--+ 2 eee -- eee es Shipments | 340

320f------ 2-20 eee eee eee eee eee eee 4 320

300 300

280 280

260 L L L L L 1 L i 1 1 L L L 260
Aug Oct Dec Feb Apr Jun Aug Oct Dec Feb Apr Jun Aug

Aug. 1994 - Aug. 1996

Total Manufacturing
Ratio of Unfilled Orders and
Inventories to Shipments

V/S Ratios UO/S Ratios
2.5 3.9
2.4 vos }4 3.8
2.3 vs [3.7
2.2 ===] 3.6
2.1 3.5
2 3.4
1.9 3.3
1.8 3.2
1.7 3.1
1.6 3
1.5 2.9
1.4 2.8
V.3F---- - ee ee rr rr rr rr rr et tr rt tt re ree ee 2.7
1.2 lL oh L L L L L L 1 L L L 1 2.6

Aug Oct Dec Feb Apr Jun Aug Oct Dec Feb Apr Jun Aug
Aug. 1994 - Aug. 1996

Note: All Charts based on seasonally
adjusted current dollars.


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

(Millions of dollars)

Seasonally adjusted

Not seasonally adjusted

industry Monthly Percent Change Monthly Percent
change
Aug. July June | July- | June- a Aug. July June Aug. | Aug.
1996° 1996" 1996 | Aug. | July | June | 1996? | 1996" 1996 1995 | 96/95
UNFILLED ORDERS
All manufacturing industries ..... 502,610 | 504,105 | 499,201 03} +10 | +0.7 | 502,484 | 505,968 | 499,646 | 470,130 +69
Market categories =
Automotive equipment . 1,960 1,936 1,901 +12} 418] 401 1,984 1,934 1,845 | 2,118 63
Home goods and apparel 9,018 8,948 9,233 40.8 31 “18 9,840 9,819 9,857 10,232 3.8
Consumer staples ..... . 2,148 2,210 1,972 28] +121 42.9 2,347 2,356 1,936 2,086 | +12.5
Machinery and equipment . 225,751 | 227,336 | 224,249 0.7 | +14 | 40.1 | 225,377 | 227,209 | 224,101 | 195,748 | +15.1
Business supplies 6558 | 6,620 | 6,487 09} 421] 415] 6751 | 6742 | 6541 | 6808 08
Construction materials
and supplies. . 15,765 | 15,745 | 15,693 +01 { 403 | +01 | 15,965 | 15,949 | 15,789 | 16,153 12
Defense products 102,409 | 102,995 | 103,988 | -0.6 | -10 | +18 | 100,821 | 102,550 | 104.483 | 96,587 +44
Other materials, supplies and
and intermediate products ... . . . 139,001 | 138,315 | 135,678 | +05] +19 | +09 | 139,399 | 139,409 | 135,094 | 140,398 07
Durable goods industries :
Nondefense capital goods ° 243,692 | 245,751 | 242,125 08 | +15 0.0 | 243,290 | 245,376 | 241,752 | 215,084 | +13.1
Excluding aircraft and parts 98,180 | 98,813 | 97,212 06] +16] -0.7 | 97,778 | 98,438 | 96,839 | 94,692 433
Defense capital goods * 107,343 | 107,981 | 108,903 0.6 | -0.8 | +1.8 | 105,766 | 107,552 | 109,419 } 101,798 43.9
Durables excluding capital goods 127,554 | 126,293 | 124369 | +10] +15] +1.0 | 128,408 | 127,847 | 123,830 | 126,405 +16
Miscellaneous series :
Producers’ durable equipment . 259,306 | 260,598 | 257,279 05] +3 0.0 | 259,891 | 261,017 | 256,829 | 230,439 ] +128
Household durable goods .. . . 5,612 5,662 875 09 3.6 18 6,043 6,061 6,005 6,367 5.1
Information technology industries . | 38,020 | 38,796 | 38,103 20] +18] -18 | 38281 | 39,044 | 38213 | 38,327 0.1
Health care equipment
and products. 8056 | 7,968 | 7,677] +11] +38] -04] sors} 7930] 7,517] 7,146] +122
TOTAL INVENTORIES
All manufacturing industries... . . 435,605 | 434,446 | 433,868 +03] +01 0.1 | 438,960 | 436,123 | 431,893 | 431,058 +18
Market categories :
Automotive equipment . 8,263 | 8,258 | 8,021 | +01] +30] +04 | 8356] 8177] 7,725 | 7,738 |  +8.0
Home goods and apparel : 31,894 | 31,679 | 31,839 | +07] -05 | -03 | 32,503 | 32,533 | 32.954 | 32,890 “12
Consumer staples 63,987 | 64,038 | 64,377 01] 05 | -01 | 64,243 | 63,337 | 63,216 | 63,221 +16
Machinery and equip 111,541 | 110,725 | 109,744 +0.7 40.9 0.0 | 112,684 | 110,724 | 108,550 | 103,824 $8.5
Business supplies . 25,869 | 25,867 | 25,956 00} 03] -03 | 26323 | 26294 | 26,063 | 27,099 29
Construction materials
and supplies . - 25,905 | 25,803 | 25,787 | +04] +01 | -02 | 25,869 | 25,920 | 25,935 | 26,425 21
Defense products . 18,842 | 18,958 | 19,063 0.6} +06] +05 | 19279} 19339 | 19,254 | 20,216 46
Other materials, supplies and
and intermediate products ..... . 149,304 | 149,118 | 149,081 | +0.1 0.0 | -0.1 | 149,703 | 149,799 | 148,196 | 149,645 0.0
Durable goods industries :
Nondefense capital goods * 105,360 | 104,533 | 103,684 408] 408 0.1 | 106,631 | 104,847 | 102,663 | 98,571 +82
Excluding aircraft and parts. 71,798 | 71,505 | 70,915 | +04] +08] -1.0 | 72,767 | 71,901 | 70,301 | 69,697 +44
Defense capital goods‘... . . 19,128 | 19,272 | 19350] 0.7} -04] +0.7 | 19,614] 19,701 | 19,559 | 20,596 48
Durables excluding capital goods 151,433 | 151,002 | 150,615 +03 | +03 0.1 | 152,380 | 151,620 | 150,062 | 150,471 +13
Miscellaneous series :
Producers’ durable equipment 178,141 | 176,928 | 175,428 +0.7 +09 0.3 | 179,951 | 177,363 | 174,212 | 171,348 +5.0
Household durable goods ....... | 15,239 | 14910 | 15,108 +22 13 0.5 | 15,534 | 15,142 | 15,447 | 14,994 43.6
Information technology industries. | 36.787 | 36,697 | 36357 | +02| +09 | “16 | 37517 | 37036 | 35788 | 35,100 +69
Health care equipment
and products 15,605 | 15,552 | 15,591 | +03] -03 | +02] 15,882} 15,720] 15,774] 15,212] +44

See footnotes at end of table 5.

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


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

‘Seasonally adjusted

Not seasonally adjusted *

Monthly Percent Change Monthly Percent ‘Year to date
Industry change
Aug.| July| June | July-] June-] May-| Aug. | July | June} Aug. | Aug.
1996°} 1996'| 1996| Aug.| July| June} 1996°] 1996] 1996] 1995] 96/95 | 19967] 1995
SHIPMENTS
All manufacturing industries... . . 312,644] 312,400] 308,851} +0.1] +1.1] — -0.8] 315,069] 279,693) 330,391] 301,828] — +4.4/ 2,429,145 |2,339,146
Aarket categories :
‘Automotive equipment . 14,124] 14,365] 13,889} -1.7] 43.4) -1.5] 13,913] 9,169] 14,715] 13,129] +6.0] 108,479} 104,610
Home goods and apparel 18,564] 18,587] 18,653] -0.1] -0.4) -0.1] 19,928] 17,189] 19,564} 19,160] +40) 143,143) 137,634
Consumer staples 66,242] 66,250] 64,478) 0.0] +2.7] 1.7] 68,003] 64,210} 66,631] 63,039} +7.9] 512,307} 476,559
Machinery and equipment . . 56,233] 55,442] 55,574] +14] -0.2| -0.2] 53,496] 45,134] 62,910] 49,337] +8.4] 426,987) 400,424
Business supplies 24,976 24,929] 24,623 +02] +12) 0.1] 25,189] 23,635] 25,618) 23,647] +6.5] 194,048] 181,894
Construction materials
and supplies... . . 19,605] 19,774] 19,207] -0.9} +3.0] 0.0] 20,718] 18,898] 20,694] 19,811 +46} 150,921] 148,443
Defense products . . . 6272) 6,077] 6,537] +32) -7.01 +31] 6,171] 5,451] 7,003) 6,304] -2.1] 49,079) 50,554
Other materials, supplies and
and intermediate products ...... 106,628] 106,976| 105,890] -0.3] +1.0} -1.0] 107,651] 96,007] 113,256] 107,401] +0.2| 844,181] 839,028
durable goods industries :
Nondefense capital goods? . . . 43,319| 42,309] 42,985] +24] -1.6] +0.4| 40,644] 35,777] 50,044] 37,813] +7.5| 327,522] 307,858
Excluding aircraft and parts . 37,445| 37,158] 38,047] +0.8| -2.3]  +3.4] 35,187] 31,404) 44,152] 33,219] +5.9| 287,967] 267,067
Defense capital goods * 5,925] 5,727] 6,205] +35] -7.7]_+3.4| 5,779] 5,069| 6,695] 5,919] -2.4] 46,177] 47,366
Durables excluding capital goods . | 118,992] 119,738] 117,712| -0.6 +1.7]_ -0.8] 120,030] 99,694] 125,459] 115,065} +4.3| 924,606] 890,983
Aiscellancous series :
Producers’ durable equipment . 108,733} 108,058] 107,573] +0.6| +0.5| -0.3] 105,698] 85,813] 118,904} 99,010] +6.8} 831,773) 788,932
Household durable goods . . 9,174] 9,171 9,299] 0.0] -1.4] +0.6 9,489] 7,919] 9,678) 8,816) +7.6| 69,862] 63,607
Information technology industri 21,323] 21,107] 21,140 +1.0] -0.2}  +3.1] 19,607] 17,043] 25,260} 17,795] +10.2] 157,665} 141,872
Health care equipment
and products .............-5 10,347] 10,387} 10,181] -0.4] +2. -0.5| 10,397] 9,632) 10,757| 9,664) = +7.6] 79,450} 73,501
NEW ORDERS
All manufacturing industries ..... 311,149] 317,304] 312,139) -1.9) +17] -0.7} 311,585} 286,015} 329,757} 299,077| +4.2 12,457,154 12,344,969
Aarket categories :
Automotive equipment .. . . 14,148] 14,399] 13,889) -1.7] 43.7} -1.3] 13,963] 9,257] 14,669} 13,138] +63) 108,544] 104,563
Home goods and apparel 18,634] 18,302} 18,482) +18] -1.0]  -1.2] 19,949] 17,151] 19,347] 18,898] +5.6} 145,373] 140,678
Consumer staples 66,180] 66,488] 64,532] 0.5] +3.0| 1.7] 67,994] 64,630] 66,731] 63,090] +7.8) 512,828] 476,968
Machinery and equipment . . 54,648] 58,529] 55,820] 6.6) +49 -3.5] 51,664] 48,242] 62,339] 48,468) +6.6| 443,504] 400,087
Business supplies . . 24,914] 25,061] 24,720] -0.6] +1.4| 0.0, 25,197} 23,837] 25,576] 23,798] +5.9} 194,562] 182,611
Construction materials
and supplies. . 19,625] 19,826] 19,215] -1.0] +3.2}  +0.2) 20,734) 19,058) 20,616] 19,964) +3.9] 151,609] 149,184
Defense products 5,685| 5,085] 8,332] +11.8) -39.0] +22.2] 4,443] 3,518] 8,570] 5,873] -243| 51,530] 45,003
Other materials, supplies and
and intermediate products ...... 107,315] 109,614] 107,149} -2.1] +2.3) 0.0] 107,641] 100,322} 111,909) 105,848] +1.7| 849,204) 845,875
durable goods industries :
Nondefense capital goods * 41,260] 45,935] 42,921] -10.2| +7.0, -4.6 38,558] 39,401] 49,281] 37,029] +4.1} 343,638] 308,274
Excluding aircraft and parts . 36,812] 38,759] 37,385{ -5.0]  +3.7} +2.6 34,527] 33,003] 42,791) 32,650) +5.7] 290,421] 272,099
Defense capital goods * 5.287] 4,805) 8,109] +10.0] -40.7] +26.4] 3,993] 3,202} 8,318] 5,446] -26.7) 48,832] 41,288
Durables excluding capital goods . | 120,253] 121,662] 118,964| 1.2) 42.3) +0.1) 120,591] 103,711] 123,653] 114,669] +5.2] 931,584] 900,201
Aiscellaneous series :
Producers’ durable equipment . 107,441] 111,377] 107,682 43.4] -2.0] 104,572] 90,001] 117,618] 98,429] +6.2| 849,320] 791,464
Household durable goods . . 9,124) 8,958} 9,192] 25] -0.6 9,471] 7,975] 9,425] 8,780] +7.9| 70,931] 64,913
Information technology industries .} 20,547] 21,800] 20,424 +6.7| +44) 18,844] 17,874] 24,341) 17,225] +94] 157,703] 143,580
Health care equipment
and products . . 10,434] 10,679] 10,147] -2.3] +52} -2.4) 10,485] 10,044] 10,626] 9,617] +9.0] 79,940) 72,673

? 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 includ

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

“Defense capital goods industries include : ordnance and accessories; communications equipment; aircraft, missiles, space vehicles, and engines and parts; ships, tanks
1d tank components; and search and navigation equipment.

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

+ ordnance and accessories; steam, gas and hydraulic turbines; internal combustion engines; construction, mining, and material
andling equipment; metalworking machinery; special industry machinery: general industrial machinery; computer and office equipment; refrigeration, heating and service
adustry machinery; electrical transmission and distribution equipment; electrical industrial apparatus; communications equipment; aircraft, missiles, space vehicles, and engines


UNFILLED ORDERS TO SHIPMENTS, BY INDUSTRY GROUP _
@ased on seasonally adjusted data)

Inventory / Shipments ratio Unfilled Orders / Shipments ratio"
Industry Auj Jul J

. ly june May Aug. Jul June May
1996" 196" 1996 1996 1996" 1996" 1996 1996
All manufacturing industries ...... 139 139 1.40 1.40 291 2.94 291 2.89
Durable goods industries 1.64 1.64 1.64 1.64 3.51 3.54 3.51 3.47
Stone, clay, and glass products 119 LS 1.20 1.18 0.98 0.96 1.04 1.04
Primary metals ........ 1.59 1.56 1.62 1.57 2.16 2.08 2.09 1.98
Fabricated metal products : 147 1.48 1.47 1.47 136 137 137 1.34
Industrial machinery and equipment "| 186 187 1184 190 244 2.45 238 245

Electronic and other
electrical equipment ... 155 1.54 1.52 1.53 1.88 1.87 1.79 1.82
Transportation equipment . 1.69 1.70 1.72 1.66 12.05 12.67 12.42 11.86
Instruments and related prod 197 195 195 196 3.70 3.73 3.80 3.84
Nondurable goods industries Lit 113 112 0.6 0.67 0.66 0.66
Food and Kindred products 0185 0.88 0:86 fers) ) fen) [es)
Tobacco products .. . 1.95 2.04 2.10 & & &) &)
Textile mill products 157 149 1.55 (NA) (NA) (NA) (NA)
Paper and allied products . 126 1.26 1.26 (NA) (NA) (NA) (NA)
Chemicals and allied products 1.24 127 1.25 ro.) &) &) ®
Petroleum and coal products 0.82 0184 081 for) to) a) tea)
Rubber and plastics products: 129 126 128 126 (00) te) © eo)

® 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 machinen
motor vehicle assembly operations; other transportation equipment; foods and related products; tobacco; knitting mill products; apparel and related products; chemical
petroleum and coal products; and rubber and plastics products.

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

Shipments New orders Unfilled orders Inventories
Industry
Aug. Aug. Aug. Aug.
Aug? } 1995- Aug? | 1995- Aug? |  1995- Aug? | 1995
Aug.' | 1991- July | Aug]  1991- July | Aug.’ | 1991- July Aug! 1991- July
1996 | 1995] 1996 | 1996 | i995] 1996 | 19 1995 | 1996] 1 1995 | _ 1996
All manufacturing industries ..... . (e9) 02 02 ® 02 02 (9) O1 01 fe) 0.0 01
Durable goods industries... . . . 0.0 03 03] 01 03 04 0.0 01 01 ie.9) 0.0 OL
Stone, clay, and glass products . (o9) 05 os) a 10 o9| &® 05 06) &) 01 1
Primary metals... . . 02 03 04 01 09 06 0.1 04 03 &) 01 O.1
Fabricated metal products ¢ 03 04] OO 07 os| = 04 03) &) 02 01
Industrial machinery and eq 0. 03 06 0.0 03 07} 0.1 01 01 &) 02 ol
Electronic and other

clectrical equipment 0.9 03 03 0.0 06 os oo{ o2] o3| @& 0.1 1
Transportation equipment . 02 1.0 07 0.0 Ll 13 0.1 02 02 &) O11 03
Instruments and related pro &) 04 04 &) 08 08 &) 0.1 02 &) 0.1 01
Nondurable goods industries . . fe) 01 01 & 0.1 02 (0) 02 02 ®) 0.0 0.1
Food and kindred products )] Ol 02 & Ol ©! BO] WO] & & 01 02
Tobacco products. . . x) 00 oof &] & SO] & OO! Ow] & 0.0 0.0
Textile mill products . . . . fe) 02 03 | NA)| (A) | wAa)| aA) &) 1 01
Paper and allied products,» OO} 02) 02) HY] WA] WA] CO] WA] WAL CO] OL] 02
Chemicals and allied products . &) 02 02 (x) (x) (x) (Xx) & 0.1 02
Petroleum and coal products x) 02 03 x) (x) (x) (x) x) (x) (x) 03 03
Rubber and plastics products . . &) 02 02 &) &) ie.9) ie.9) ie.9) ¢ &) 01 02

Capital goods industries :
Nondefense 0.1 07 05} -0.1 06 07 0.0 02 0.1 ® Ot 03
Defense ... 10 07 09 10 46 56 0.0 03 03 & O41 04

(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. Th
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 th
durable goods industries are shown in the advance report for the month.

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


Ve Ue A UI

ce
ey

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

Manufacturers’ Shipments,
Inventories, and Orders

August 1996
M3-1-(96)-8
For Wire Transmissions 10:00 a.m. E.D.T. October 3, 1996

For Data - (301) 457-4673
For Questions - Kathy Menth or Gloria Cable
(301) 457-4804 or (301) 457-4832

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

Summary

New orders for manufactured goods in August decreased $6.2 billion
or 1.9 percent to $311.1 billion, the Department of Commerce, Bureau of the
Census reported today, This follows a 1,7 pereent July inerease and is the
largest decline since January 1993. Excluding transportation, new orders
decreased 1.1 percent, following a 2.1 percent July increase. Year to date,
new orders are 4.8 percent above the same period a year ago.

Shipments up four of te lst five months, increased $0.2 billion or
0.1 percent to $312.6 billion, following a 1.1 percent July increase. Year to
date, shipments are 3.9 percent above the same period a year ago.

Unfilled orders, down for the first month since April, decreased $1.5
billion or 0.3 percent to $502.6 billion, following a 1.0 percent July increase.
The unfilled orders-to-shipments ratio was 2.91, down from 2.94 in July.

Inventories increased $1.2 billion or 0.3 percent to $435.6 billion,
following a 0.1 percent July increase. The inventories-to-shipments ratio
was 1.39, unchanged from July.

New Orders

New orders for manufactured Gurable goods in August decreased $5.6
billion or 3.2 percent to $166.8 billion, revised from the previously published
3.1 percent decrease. This follows a 1.4 percent July increase and is the
largest decline since April 1995.

Transportation equipment, led by declines in aircraft and parts, and
motor vehicles and parts, had the largest decline, $3.2 billion or 7.9 percent
to $37.9 billion. This follows a 1.5 percent July decline and is the third
consecutive monthly drop. Electronic and other electrical equipment, down
for the first month since May, decreased $1.6 billion or 5.6 percent to $26.5
billion; communication equipment had the largest decline. Instruments and
related products, down three of the last four months, declined $0.5 billion or
3.6 percent to $122 billion, This follows a 4.0 percent Juiy increase.
Primary metals, down two of the last three months, decreased $0.4 billion
or 2.6 percent to $15.4 billion, following a 1.6 percent July increase.
Industrial machinery and equipment, down for the first month since March,
decreased $0.2 billion or 0.7 percent to $32.4 billion. This follows a 2.8
percent July increase, Fabricated metal products, up four of the last five
months, increased $0.2 billion or 1.0 percent to $17.9 billion, following a 0.5
percent July increase.

New orders for nondurable goods, down two of the last three months,
decreased $0.6 billion or 0.4 percent to $144.3 billion, following a 1.9
percent July increase. Declines in printing and publishing, chemicals and
allied products, rubber and plastic products, and food and kindred products
more than offset an increase in petroleum products.

Shipments

Shipments of durable goods in August increased $0.5 billion or 03
percent to $1682 billion, unrevised from the previously published 0.3
percent increase. This follows a 0.5 percent July increase and is the fourth
increase in the last five months.

Transportation equipment, up four of the last five months, had the
largest increase, $0.5 billion or 1'2 percent to $39.8 billion; a large increase
i ‘craft and parts more than offset a decline in motor vehicles and parts.
This follows a 1.6 percent July increase. Industrial machinery and

equipment, up three of the last four months, increased $0.3 billion or 0.9
percent to $31.9 billion, following a 0.9 percent July decrease, Fabricated
metal products increased $0.3 billion or 1.5 percent to $17.8 billion, the
fourth increase in the last five months. Primary metals decreased $03
billion or 1.8 percent to $14.8 billion. This follows a 3.0 percent July
increase and is the third decrease in the last four months. Stone, clay, and
glass products, down two of the last three months, decreased $0.2 billion or
25 percent 0 $69 billion. This follows a 29 percent Juiy increase.
Electronic and other electrical equipment, down for the second consecutive
month, decreased $0.1 billion or 0.3 percent to $26.5 billion, following 1.4
percent July decrease.

Shipments of nondurable goods decreased $0.2 billion or 0.2 percent
to $1444 billion, following a 1.9 percent July increase. Paper and allied
products, down three of the last four months, had the largest decline, $02

illion or 1.5 percent to $13.3 billion. Rubber and plastic products, chemical

and allied products, and food and Kindred products also declined. The
largest increases were for printing, publishing, and allied products, and
petroleum and coal products.

Unfilled Orders

Unfilled orders for durable goods in August decreased $1.4 billion or
03 percent to $478.6 billion, unrevised from the previously published 0.3
percent decrease, This follows a 1.0 percent July increase and is the first
decline since April.

Transporation equipment, down forthe fst month sine Apri, had the
largest decrease, $1.9 billion of 0.8 percent to $240.2 billion, mostly due to
aircraft and parts. This follows a 0.8 percent July increase. instruments and
Felated products, down for the fourth consecutive month, decreased 80.6
billion or 1.2 percent to $47.1 billion. This follows a 0.3 percent July
decline. Primary metals, up ten of the last eleven months, increased $0.6
billion or 1.8 percent to $32.0 billion. This follows a 23 percent July
increase. Industrial machinery and equipment, up four of the last five
months, increased $0.4 billion or 0.6 percent to $73.1 billion, following a 13
percent July increase.

Inventories

Inventories of durable goods in August increased $1.1 billion or 0.4
percent to $275.9 billion, the second consecutive 0.4 percent increase.
‘Transportation equipment, up seven of the last eight months, increased $0.2
billion or 0.3 percent to $67.1 billion. This follows a 0.7 percent July
increase. Instruments and related products, up fourteen of the last fifteen
months, increased $0.2 billion or 0.6 percent to $25.1 billion, following a 1.6
percent July increase. Fabricated metal products increased $0.2 billion or
0.6 percent to $26.2 billion, following a 1.3 percent July increase. Industrial

‘inery and equipment increased $0.1 billion or 0.1 percent to $59.3
billion, following a 0.8 percent July increase.

Inventories of nondurable goods, up for the first month since February,

increased slightly to $159.7 billion, following a 0.4 percent July decline.

1¢ largest increase was in chemicals and allied products, up $0.1 billion or
0.3 percent to $39.0 billion, following a 0.5 percent July decline.

By stage of fabrication, August finished goods increased 1.3 percent in
durables and decreased 0.3 percent in nondurables. Work in process
increased 0.4 percent in durables and 1.2 percent in nondurables. Materials
and supplies decreased 0.4 percent in durables and 0.1 percent in
nondurables.

Our internet address is: http:/Avww.census.gov/{tp/pub/indicator/www/m3prel.html

‘The advance report on durable goods for September is scheduled for October 25, 1996 at 8:30 a.m. and the full report on November 1, 1996 at 10:00a.m. For sale by the Superintendent
of Documents, U.S. Government Printing Office, Washington, DC 20402. This report is also available the day of issue through the Department of Commerce's online Economic Bulletin
Board (N-8-1) (202-482-3870)and through the Census Bureau’s online information service~CENDATA. CENDATA is available from Dialog Information Services, Inc. (1-800-334-2564)
and CompuServe (1-800-848-8199). The CENDATA staff at the Bureau of the Census (301-457-1305) can provide content information and general guidance.


Nondefense Capital Goods 1
New Orders and Shipments
Three Month Moving Averages
Billions of Dollars

52, --------------------- eee eee eee ee ee eee New Orders |—f 52

Aug Oct Dec Feb Apr Jun Aug Oct Dec Feb Apr Jun Aug
Aug. 1994- Aug. 1996

Defense Capital Goods
New Orders and Shipments
Three Month Moving Averages

Billions of Dollars
11 11
New Orders

10f------------------------------------- 410

‘Shipments

QF ------ 22 ee eee e eee eee ee eee ee 2-2-2 49

5

5
Aug Oct Dec Feb Apr Jun Aug Oct Dec Feb Apr Jun Aug
Aug. 1994- Aug. 1996

Note: All Charts based on seasonally
adjusted current dollars.

wx U.S. GOVERNMENT PRINTING OFFICE: 1996 417-366/40019


BY INDUSTRY GROUP

(Millions of dollars)

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

Seasonally adjusted

Not seasonally adjusted

Industry Monthly Percent Change Monthly Percent
change
Aug. July June | July- | June- | May- Aug. July June Aug. | Aug.
1996" 1996" 1996 | Aug. | July | June | 1996" 1996" 1996 1995 | 96/95
MATERIALS AND SUPPLIES
All manufacturing industries... . . 143,375 | 143,813 | 143,189 03} +04] -1.0 | 144,083 | 143,855 | 141,933 | 145,460
Durable goods industries 83,202 | 83,567 | 82,817 04] +09 “12 | 84,125 | 83,594 | 81,635 | 83,436
Stone, clay, and glass products 2,795 7 2755 | +08] +06 08 | 2836 | 2778 | 2:761 ¥
Primary metals ~.... . 77535 | 71543 7/529 Ol} +02] -14] 761s | 7542 | 7/423 | 7753
Fabricated metal products |<<. - | | | 692 | 9622 | 9476 | 40.7] +15 2.0 | 9725 | 9644 | 9502 | 9/861
Industrial machinery and equipment 18,079 | 18,027 | 17,699 | +03] +19 -21 | 18,405 | 17932 | 17379 | 17,606
Electronic and other
electrical equipment . . . 14,386 | 14,602 | 14,788 AS} -13 -1.0 | 14,640 | 14,795 | 14,627 | 15,164
Transportation equipment . | | 12,592 | 12.917 | 12,490 25] +34] 04] 12684] 12914 | 12274 | 123357
Instruments and related products - 7,786 | 7,772 | 7,706 | +02} +09] +03] 7865 | 7825 | 7701 7277
Lumber, furniture and
miscellaneous durable goods... . . 10,337 | 10,312 | 10,374 | +02] 06 <1 | 10,355 | 10,164 | 9,968 | 10,529 “17
Nondurable goods industries . . 60,173 | 60,246 | 60,372 -0.1 02 -0.7 | 59,958 | 60,261 | 60,298 | 62,024 33
Food and Kindred products 11,604 | 11,681 | 11,309 07} +15 -23 | 11/183 | 11320 | 11263 967 | +2.0
Tobacco products. 5690 n612 | 4633 { +17{ -05 | +02 3565 | 4373 | 4,451 4,428 43.1
Textile mill products’: ° : | 2,967 | 2925} 2921] +14] +01 0.7 | 2974] 2988 | 2954 | 3/020 “15
Paper and allied products | 77850 | 7850 | 7,893 00] -05 23 | 7840 | 7802 7819 | 8.737 | -103
Chemicals and allied product 12,828 | 12,846 | 13,002 OL} -12 | +02] 12,841 | 12/958 | 13:111 | 12/950 08
Petroleum and coal products 1193 | 4,170 | 4164 | +06] +01] +22 | 4285 .280 | 4291 | 4016 +6.7
Rubber and plastics products 830 | 5,834 | 5,824 Ol) +02} +04] 5.776 | S908] 5/808] 6.13: 59
Apparel, printing and publishing
and leather goods ......... 4... 10,211 | 10,328 | 10,426 ol 09 | -08 | 10,494 | 10,632 | 10,601 | 11,767 | -10.8
WORK IN PROCESS
All manufacturing industries 145,035 | 144,197 | 144,134 | +06 0.0 | +04 | 146,807 | 145,188 | 143,043 | 140,599 +44
Durable goods industries 118,904 | 118,383 | 118,206 | +04 +0.5 | 120,590 | 119,327 | 117,524 | 115,004 +49
Stone, clay, and glass pros 1:20: 1197 1228 | +04 0.0 1208 1238 1274 | 1269 48
Primary metals -... . 81891 3989 | 9/095 “11 +02 | 8976] 9130 | 9058] 8/946 +03
Fabricated metal ‘products 77367 | 7341 7327 | +04 08 | (7,480 | 7/373 7,303 | 8,043 -7.0
Industrial machinery and equi 23,703 | 23,983 | 24,024 “12 -0.6 | 24,084 | 24/169 | 23,709 | 23,935, +06
Electronic and other
electrical equipment . . . 15,626 | 15,335 | 15,356 | +19] -01 | +18] 15,713 | 15,460 | 15,357] 13,790 | +13.9
Transportation equipment . |: 6,238 | 45,836 | 45,708 | +09] +03 | +14] 46948 | 46054 | 45236 | 431919 46.9
Instruments and related produ 11,265 | 11,131 | 10,884] +12] +23 -12 | 11,503 | 11,307 | 10976 | 10388 | +10.7
Lumber, furniture and
miscellaneous durable goods . . . . . 4612 | 4,571 4584 | +09] -03 02 | 4678 | 4596] 4611 | 4,714 0.8
Nondurable goods industries . 26,131 | 25,814 | 25,928 | +12] 04} +01 | 26217 | 25,861 | 25,519 | 25,595 42.4
Food and kindred products - 4614 | 4334 | 4485 | +65] 34] +06] “4276 031 4,196 944 +84
Tobacco products... . . 277 278 215 04, +11 04 244 211 195 336]  -27.4
Textile mill products. ° ! 2,725 | 2,733 | 2,775 03} 15 0.5 | 2,739] 2,756] 2,751 | 2,866 44
Paper and allied products 1.770 | 1,772 1,770 Oi} +01 0.1 1,801 1,818 1,801 1,668 +8.0
Chemicals and allied products |; 866 | 6815 | 6854} 40.7] -06] +19] 6948 | 6.895 6,822 | 6,555 +60
Petroleum and coal products 2,486 | 2482 | 2402 | +02] +33 43} 2568 | 2530 | 2427 | 2373 +82
Rubber and plastics products |: 2,054 | 2,035 | 2028 | +09} +03 | +06] 2033 | 27002 1970 | 2010 +11
Apparel, printing and publishing
and leather goods ..-.......... 5,339 | 5,365 | 5,339 05 | +05 02} 5,608] 5618 | 5,357 | 5,843 40
FINISHED GOODS
All manufacturing industries... .. 147,195 | 146,436 | 146,545 | +05] -0.1 | +03 | 148,070 | 147,080 | 146,917 | 144,999
Durable goods industries ...... 73,815 | 72,857 | 72,626 | +13] +03 | +03 | 73,910 | 73,247 | 73,125 | 71,198
Stone, clay, and glass products 25 4236} 4291} +03] -13 | +03 | - 420 4295 | 4340 | 4'503
Primary metals -.. 0... 7140 | 7,023 7102 | +17] V1] +19 | 709% 7043 7,130 | 77238
Fabricated metal products "| - | 93101 9,045 | 8868] +06] +20] +03] 91051 | 91229] 9178 | 97172
Industrial machinery and equipment 17,526 | 17,212 | 17,049] +18) +10) -12 | 17387 | 17121 | 16894 | 15,998
Electronic and other
electrical equipment 11,035 | 11,017 | 10,951 | +02] +06] +01 | 11,318] 11,229] 11,105 } 11,077
Tansportation equipment . . 8,223 | 8102 | 8201] +15] -12] +19] 8333 | 8124 010 725,
Instruments and felated products 6,031 6019 | 5933} +02] +14] 02} 6135] 6042] 5959] 5973
T, ture an
miscellaneous durable goods . . . . 10,509 | 10,203 | 10,231 | +30] -03 | +1.0] 10,383 | 10,164] 10,509 | 9,512
Nondurable goods industries . . 73,380 | 73,579 | 73,919 03} -05 | +03 | 74,160 | 73,833 | 73,792 | 73,801
Food and kindred products 16917 | 173170 | 17277 AS] 06} +16] 17472 | 16845 | 16269 | 17/383
Toba lucts .. 644 634 678 | +16] -65 41 58 539 596 603
Textile mill products’ |’ 4393 | 4349] 4311 | +10] +409 03 | 4434] 4407 | 4391 4,440
Paper and allied products | 7160 | 7104 | 7086 | +08] +03 00} 7108 | 7,090 | 7104 | 6537
Chemicals and allied products 19,296 | 19216 | 19230] +04] -01 -03 | 19200 | 19,056 | 19,102 | 19,295
Petroleum and coal products 5598 | 5675 | 5,721 14] 08 -0.7 | 5648 | 5/818 5,826 | 5,220
Rubber and plastics products 7,449 7,408 7,389 +06 +03 +0.8 7312 7369 7,449 7,055
Apparel, printing and publishing
and leather goods 11,923 12,023 12,227 08 +7 +05 12,397 | 12,709 13,055 13,268

® Preliminary. * Revised.

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


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

(Millions of dollars)

Seasonally adjusted

Not seasonally adjusted

Industry Monthly Percent Change Monthly Percent
change
Aug. July June} July-| June-| May- Aug. July June Aug.| Aug.
1996} 1996" 1996] Aug.| July June} 19967} 1996" 1996 1995] 96/95
All manufacturing industries .... . 502,610 | 504,105] 499,201 03] +10] 40.7] 502,484} 505,968} 499,646] 470,130] +6.9
Manufacturing industries
without defense capital goods ..... 395,267 | 396,124] 390,298 02] +15] +04) 396,718} 398,416] 390,227} 368,332} +7.7
Durable goods industries ......... 478,589 | 480,025] 475,397 03 +10 +0.7| 477,464 | 480,775] 475,001] 443,287 407
Stone, clay, and glass products .. 6,402 6,467 6,781 +10 46 14 6,690 6,644 6711 7,403 9.6
Primary metals ........ 31,967] 31391} 30,675] +1.8/ +23] 43.1} 31,291] 31,298] 30,970] 28,050] +116
Blast furnaces, steel mills . 12,939] 12,826} 12,531) +09] 424] +14) 12,771] 12,777] 12,625] 11,564] +104
Iron and steel foundries ........ 4,319 4,253 4212 +16 +10 45.0 4,267 4,265 4,258 3,647) +17.0
Nonferrous and other primary
metals ............ 14,709} 14,312] 13,932] +28] #2.7] 4.0] 14,253] 14,256] 14,087] 12,839] +11.0
Fabricated metal products 22,566] 22,472] 22,291 +04 +08 +08} 22,980] 22,798; 22,392] 22,103 +4.0
Industrial machinery and equi + | 73,132] 72,715] 71,781] +06] +13 04] 72,494} 72,118] 71,238] 70,195} +33
Engines and turbines .......... 10,897] 10,978] 10,761 0.7} +20] -23} 10,918] 10,790] 10,450] 10,838] +0.7
Construction, mining and
material handling equipment 9,350 9,288 9277] +0.7 40.1 40.6 8,967 9,073 9,290 7,856] +14.1
Metalworking machinery . .. 9,181 9,145 8,904 +04 42.7 0.8 9,181 9,145 8,904 9,675 5.1
Computer and office equipment . 10,265 10,160 9,702 +10 44.7 +12 10,511 10,400 9,814 10,679 -1.6
Electronic and other
electrical equipment ........... 49,783] 49,804] 48,312 0.0 43.1 04] 50,260} 50,608) 47,674} 50,752 +10
Electrical transmission and
distribution equipment and
industrial apparatus ........... 6,312 6,386 6,082 12 +5.0 40.8 6,352 6,430 6,011 6,412 09
Electric lighting and
wiring equipment ........ 4336] 4315] 4,150] +05] +40} 40.1 4336] 4315] 4,150] 4,069] +6.6
Communications equipment . 14,847] 15,226 | 14,866 25] 424) 3.1] 14,803} 15,232] 14,906] 13,617] +8.7
Electronic components . . . 20,257} 19,899] 19,144] +18] 43.9] +16] 20,662} 20,666] 18,564] 22,227 -7.0
Transportation equipment . . . 240,246 | 242,110} 240,253 08} +08} +13] 239,169] 241,938] 240,680] 209,097] +144
Aircraft, missiles,
space vehicles, and parts. 209,933 | 211,624] 209,733 08 40.9 +0.8} 208,785] 211,429] 210,291] 177,773] +174
Shipbuilding and tanks . . 17,101 17,300] 17,828 12 3.0 +7.2| 17,128} 17,368] 17,964] 17,991 48
Instruments and related products .. . . 47,129] 47,695] 47,835 12 03 0.9] 46,711] 47,432] 47,601] 47,292 12
Search and navigation equipment 28,238] 28,752| 29,267 18 -18 1] 27,853] 28,512} 29,185] 29379) 52
Measuring and controlling devices . 9,897 10,033 9,945 “14 +09 Ll 9,897 10,033 9,945 10,033 Ad
Medical instruments and supplies 8,027} 7,940) 7,649) +11] 438] «6-04 = 7.987] 7,900] 7,489 7113] +123
All other durable goods .......... 7,364 7371 7,469 0.1 +13 “1S 7,869 7,939 7,735 8,395 63
Nondurable goods industries... . . 24,021} 24,080} 23,804 02} +12] 40.8] 25,020] 25,193] 24,645] 26,843 68

? Preliminary. * Revised.

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


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

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

Aug.| July} June | July- |} June-| May-] Aug.| July} June | Aug.) Aug.
19967] 1996] 1996} Aug.} July}. June] 19967] 1996] 1996] 1995] 96/95] 1996] 1995

All manufacturing industries... . . 311,149} 317,304) 312,139) 1.9] 41.7] -0.7] 311,585] 286,015] 329,757] 299,077] +4.2]2,457,15412,344,969,

Manufacturing industries
with unfilled orders
without defense capital 2

170,976) 176,569} 174,923) -3.2} +0.9|  +0.1| 168,535] 157,532] 185,417| 163,713 +2.9} 1,364,080 |1,294,896
305,862} 312,499} 304,030] -2.1] +28 -1.2} 307,592] 282,813] 321,439] 293,631 +4.8 [2,408,322 [2,303,681

166,800] 172,402) 169,994) -3.2] +1.4]  -0.2} 163,142] 146,314] 181,252 157,144) +3.8| 1,324,054 |1,249,763
134,843) 140,114] 138,678) -3.8) +1. 0.0) 131,165] 122,551] 148,081] 127,002| 1,078,547 [1,010,270
6,865] 6,791) 6,803} +1.1) -0.21 0.5} 7,528] 6,909) 54,249] 50,207
15,385} 15,799] 15,552) -2.6] +1.6| -0.2} 14,815] 13,876] 15,541 15,131 122,292] 123,636
6,273} 6,552) 6,373] 4.3] 42.8) -1.4) 6,185] 5,827] 6211] 6,433] 50,448) 51,772
1,503) 1,581 1,602} 4.9] -1.3} +14. 1,479] 1,218] 1,709] 1,316) 11,822] 10,273

7,609} 7,666] 7,577] 0.7 +12] -1.7]) 7,151! 6,831] 7,621 7,382] -3.1/ 60,022) 61,591
a al pi : 17,893] 17,724] 17,633] +1.0/ +0.5] -2.2| 18,459] 15,885] 18,766] 17,054] +8.2| 139,112] 132'576
Industrial machinery and equipment . | 32,362] 32,591] 31,688] -0.7| +28] +03) 30,304] 27.309] 35/801 27910] +86] 249614] 2327430
Engines and turbines .......... 1,558] 1,962) 1,513) -20.6} +29.) -13.3) 1,558] 1,518] 1,990] 1,738] 10.4] 12,425] "13,173
Construction, mining and

material handling equipment .
Metalworking machinery .....
Computer and office equipment
Hlectronic and other
electrical equipment
Electrical transmission
distribution equipment and
industrial apparatus ........... 3,074} 3,462} 3,217] -11.2] +76) +44) 3,036] 3,223 3,462] 3,144] -3.4] 24,883 24,715
Electric lighting and
wiring equipment

Durable goods industries .
With unfilled orders... :
Stone, clay, and glass products
Primary metals... .
Blast furnaces, steel mills
Iron and steel foundries.
Nonferrous and other primary
metals .

3,660) 3,607) 3,621] +15] -0.4/ -0.3] 3,352] 3,028] 3,740] 3,111 +7.7) 28,889] 26,985
3,248) 3,403] 3,091] 4.6) +10.1) -8.1] 3,084} 2,835] 3.394] 2.771] +113 24,668} 24,048
9,076] 9,039) 8,772} +04] +3. +5.0) 8,104) 6,931] 11,190} 6,788} +19.4] 65,458] 57,160

26,494) 28,074} 26,770] -5.6] +4.9) +3.8) 25,733] 26,181] 27,791] 24,878 +3.4) 207,133) 197,323

2,075) 2,202} 2,027] 2,054) 1,858] 2,127] 2,085) lS 16,139] 15,676

Communications equipment . 5,614] 6,476] 5,759 49441 5,489] 6,781] 4,391] +12.6] 44:486| 39/208
Electronic components . 10,299} 10,724) 10,437) 10,036] 11,044) 9,858] 9,870] +17) 80,632] 79,969
‘Tansportation equipment . 37,890} 41,125] 41,758 36,084) 28,370] 44,359] 35,606] +13] 317,696] 288,015

Aircraft, missiles,

‘space vehicles, and parts.

7,457) 10,017} 9,872)
$52 308] 2,125]
12,179} 12,635] 12,148}

6,058] 8,182) 10,764] 7,616] -20.5| 81,834] 59,912
495| 192) 2,285] 431) +148 6,716 4,963
11,769) 11,125] 13,179} 11,792 0.2) 96,630) 91,579

Shipbuilding and tanks . .
astruments and related products .

Search and navigation equipment .| 2,049| 2,028 2°158| 1,849} 1,546} 2,312) 2,266] -18.4) 17,799] 17,380
Measuring and controlling devices .| 3,710] 3,869] 3,706 3,668] 3,303} 3,959] 3,811 -3.8] 29,441] 29,141
Medical instruments and supplies .]} 4166] 4,304] 3,967 4,121] 4,082} 4,278) 3,644) +13.1] 31,591] 28,233
Ml other durable goods .......... 17,732} 17,663] 17,642} 18,450] 16,659} 18,534] 17,606] +4.8} 137,328] 133,997

Tondurable goods industri
With unfilled orders . .

144,349} 144,902] 142,145] -0.4] +1.9) -1.2} 148,443] 139,701] 148,505] 141,933 +4.6} 1,133,100 ]1,095,206
36,133) 36,455] 36,245} -0.9]  +0.6f  +0.5| 37,370] 34,981} 37,336] 36,711 +1.8] 285,533] 284,626

? 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
‘crease from the prior month to the current month.

Note : Estimates of manufacturers’ shipments, inventories and orders are subject to survey error and revision. One major component of survey error is nonsampling error,
hich includes errors of coverage, response, and nonreporting. Since the survey panel is not a probability sample, estimates of sampling error cannot be calculated. Further
uails on survey design, methodology, and data limitations are contained in our most recent annual benchmark publication, Current Industrial Reports: M3-1(95),
Manufacturers’ Shipments, Inventories, and Orders: 1982-1995."


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

Aug.| July| June | July-] June-] May-] Aug.| July] June} Aug. | Aug.
1996"| 1996'| 1996] Aug.] July] June] 19967] 1996"] 1996] 1995] 96/95} 1996r | 1995

All manufacturing industries . .. . 312,644] 312,400] 308,851] +0.1]  +1.1] — -0.8] 315,069] 279,693} 330,391] 301,828]  +4.4] 2,429,145 [2,339,146
Manufacturing Industries
with unfilled orders ......... 172,471} 171,665] 171,635] +0.5] 0.0] -0.1) 172,019] 151,210] 186,051] 166,464] +33] 1,336,071 |1,289,073
without defense capital goods .. . | 306,719] 306,673] 302,646] 0.0] +1.3] —-0.8| 309,290] 274,624} 323,696] 295,909]  +4.5] 2,382,968 [2,291,780

5|
0.0)
Durable goods industries 168,236} 167,774] 166,902] +03} +0.5) — -0.3) 166,453} 140,540] 182,198] 158,797, +4.8 | 1,298,305 |1,246,207
+0.6|
5
8|

With unfilled orders +++} 136,279} 135,486} 135,586) . 0.1] -0.3) 134,476} 116,777] 149,027} 128,655) +4,5} 1,052,798 |1,006,714
Stone, clay, and glass products ..... 6,930) 7,105) 6,902) -2.: +2.9) 1.3) 7,482} 6,976] 7,560) 6,927] wy 0] 54,321] 49,453
Primary metals ......... +++] 14,809) 15,083) 14,643} -1. +3: 2.8) 14,822] 13,548) 15,354] 15,407] 3.

Blast furnaces, steel mills . 6,160] 6,257} 6,194} -1.6] +1. +0.9} 6,191 5,675] 6,407 6,307
Tron and steel foundries . . 1,437 1,540 1,403} -6.7)  +9.8)  -0.6) = 1,477] 1,211 1,516] 1,347]

Nonferrous and other primary
cevaceesees 7,212) 7,286] 7,046] -1.0] +34) -6.2} 7,154] 6,662) 7,431) _7,753| 7.7! 58,796] 63,137

Fabricated) meta products. -| 17;799] 17543] 17,462] +15] +05] -1.0] 18.277] 15,4791 18,579] 17,142] +6.6| 137,453] 131,555
Industrial machinery and equipment .| 31,945] 31,657] 31,952] +0.9] -0.9] +2.0| 29,928] 26,429} 36,796) 27,862] +74] 247,684] 227,848
Engines and turbines... . «| 1,639] 1,745] 1,769] -6.1] 1.4] 48.1) 1,430] 1,178) 2,081! 1,568] 8.8] 12,942] 13,461

11,125} 10,309

Farm and garden machinery |. 1940] 1918] 1,854] +11] 43.5) -0.9] 11585} 1,449] 1,869] 1,407] +12.7] 15,755] 14,823
Construction, mining and
material handling equipment ....] 3,598] 3,596] 3,569] +0.1] +08) +02! 3,458] 3,245] 3,870] 3,240] +6.7) 28,605] 26,314
Metalworking machinery .......| 3,212) 3,162] 3,161] +16 0.0. -0.8] 3,048/ 2/594] 3,464) 2960] +3.0| 23,954] 22,864
Computer and office equipment ...} 8,971] 8,581] 8,654] +4.5| 0.8) +28] 7,993] 6,345] 11,262] 6,920} +15.5} 64,723] 56,509
Electronic and other
electrical equipment ........... 26,515 26,582] 26966] -03| -14| +101 26081] 23,247] 29,410] 25,520] +22] 205,858) 189,206

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

3,148] 3,158) 3,169] -0.3}  -0.3] +30] 3,114] 2,804] 3,546] 3,170) -1.8] 24,592] 24,434
2018] 2,013 2,057] +02) -2.1) -13] 2,117) 1,888] 2,342) 2,108] +04] 16,279] 15,385

wiring equipment ............ 2,054) 2,037] 2,022) +0.8] +07} +0.3) 2,033} 1,693} 2,122} 1,956) +3.9) 15,733] 15,332
Household audio and
video equipment . 1,316] 1,272) 1,308] +35] -2.8) +16] 1,408) 1,123] 1,147] 1,214] +16.0} 9,016] 8,145

5,993] 6,116] 6,236} 9 -2.0)-1: +72) 5,373) 5,163) 7,193] 4,797] +12.0} 44,187} 38,201
9,941] 9,969} 10,141) -0.3)  -1. -1.5{ 10,040] 8,942} 10,918} 10,199) 1.6] 80,761} 73,100
39,754) 39,268] 38,637] +1.2] +1.6) -2.6) 38,853] 27,112} 41,704) 36,204, +7.3| 299,688} 297,063
27,964) 28,541} 27,277] -2.0] +46) -1.2) 27,485] 17,799] 28,990) 25,709) +69] 212,874] 207,456

Communications equipt nt.
Electronic components . .
Transportation equipment
Motor vehicles and parts
Aircraft, missiles,
space vehicles, and parts. ..... 9,148] 8,126} 8,264) +12.6| -1.7] -10.3] 8,702] 7,044) 9,469) 7,744) +12.4 64,103] 66,271
Shipbuilding and tanks .. . oe 751 836 935) -10.2) -10.6) +19.3} 735) 788) 1,026} 869] -15.4 6,575 6,763
Instruments and related products 12,745] 12,775} 12,587) 0.2] +1.5} +02) 12,490) 11,294) 13,757) 12,023] +3.9| 98,068} 94,207

Search and navigation equipment .| 2,563] 2/543] 2498] +08] +18) -15] 2508 2219] 2,685] 2547] -15) 19,739) 20,037
Measuring and controlling devices .| 3,846] 3,781] 3,816] +1.7| -09} | -0.6 3,804] 3.215| 4,069] 3.7231 +22] 29,648] 28,356

Medical instruments and supplies . 4,079] 4,013} 4,001] +1.6) +03) +1.7) 4,034) 3,671 4,409] 3,690 +93 31,105] 29,061
Photographic goods . . oe 1,8741 2,033 1,908) = -7.8}  +6.6) +13} 1,756] 1,796] 2,192] 1,711 42.6 14,612] 14,054
All other durable goods . 17,739] 17,761) 17,753) -0.1 0. +12) 18,520] 16,455] 19,038] 17,712) +46} 135,957) 132,562

Nondurable goods industries
With unfilled orders . .
Food and kindred products .

144,408] 144,626] 141,949} -0.2] +1.9] — -1.2| 148,616] 139,153] 148,193] 143,031 +39} 1,130,840 |1,092,939
36,192] 36,179] 36,049} 0.0] +04] +05} 37,543} 34,433} 37,024] 37,809 -0.7| 283,273] 282,359
39,037] 39,142] 37,955] -0.3)  +3.1)  -1.6 39,712} 37,466} 38,883) 37,647) +5.5} 302,548} 286,006

Meat products . . 9,225] 9,044] 8,958] +20] +10) -08] 9,520] 8,838] 9,148] 8874] +73] 70,968] 66,121
Dairy products 5,006} 4,967 4,788} +0.8] +3.7) +0.5| 5,086) 4,836] 4,972! 4,561) +115 38,105] 35,845
Beverages . 5,621 5,784 5,571 2.8] +3.8) -13} 6,127) 6,085 6,373 6,091 +06 45,564) 42,651
All other foo: 17,175] 17,392] 16,754} 12) +3.8) -3.0] 16,969] 15,752] 16,506] 16,404) +34] 132,501] 127,281

2,882] 2,866] 2,739) +0.6] +4.6, +2.6f 3,020) 2,844) 2,777) 92,692) +12.2] 21,944] 21,083

Tobacco products.
6,441 6,534) 6,708, 14] 2.6 +34) 6,861 5,801 7,498) 7,009) “21 50,966} 52,499

Textile mill products . . .
Broadwoven fabrics and

other textiles 3,950] 3,977| 4,070] -0.7] -23] +32) 4,159] 3,387] 4,464] 4,243] --2.0] 31,243] 32,360
Paper and allied products 13,278] 13,484] 13,326 -1.5] +12] -1.1) 13,598] 13,146] 13,939] 14,952] -9.1| 108,253] 114,664
Pulp, paper, and
paperboard mill products ...... 5,313] 5,372} 5,381} 1.1] -02) 0.6 © 5,441] 5,326] 5,646] 6,707] -18.9| 43,845] 50,881
Paperboard containers and boxes ..| 3,347| 3,406] 3,342] -1.7] +19] -23] 3,447) 3,297] 3.466] 3,751] -8.1] 27,864] 29,431

Miscellaneous converted
paper products 4,618) 4,706) 4,603) 19) 42.2) -0.8) 4,710) 4,523) 4,827) 4,494) +48 36,544) 34,352
31,352] 31,483} 30,737} -0.4) +2.4)  -1.7] 31,354] 30,021] 32,565} 30,201 +3.8] 247,039] 240,476
15,523} 15,403] 15,263} +08] +09) -2.4) 15,740) 14,901) 16,163) 15,729] +0.1) 123,443) 127,180
11,518} 11,718 11,358] -1.7) 43.2) -1.9} 11,691] 10,979) 11,655] 10,972) +6.6 88,803} 81,516
14,998] 14,777] 14,574] +1.5] +14) 4.41 15,853] 15,367] 15,671] 13,399] +183] 117,717] 102,693
11,880} 12,077) 11,884) -1.6} +1.6f -0.9] 12,145] 11,022] 12,766] 12,349} 17 95,303} 96,508
24,540] 24,263) 24,026) +1.1] +1.0] +0.1) 26,073] 23,486] 24,094] 24,782! +5.2| 187,070] 179,010

Industrial chemicals . .

Drugs, soaps, and toiletries.
Petroleum and coal products . ..
Rubber and plastics products. -
All other nondurable goods...

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

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