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
1993? 1993" 1993] May} = Apr.} Mar. 1993 1983" 1993 1992] 93/92
All manufacturing industries ..... | 381,416] 380,307] 379,539] +03] © +0.2] = +0.1| 383,758] 382,062] 379,471] 385,643 0.5
Manufacturing industries
with unfilled orders. . . 251,656} 250,732] 250,551 +04 +01 0.3} 254,304] 252,355] 250,300] 261,717 28
without defense capital goods ..... | 352'824] 351,799] 350774] +03] +03| +03) 354774] 353,433] 350.722] 3sissi| +09
Durable goods industries. - ++. | 237,626] 237,043] 236,849] +02 239,754 | 238,331] 236,973] 246,389
With unfilled orders... . . 218,367 | 217,578] 217,546] +04 220,549 | 218,745] 217,149] 227,941
Stone, clay, and glass Products - 7,724 1,157 7,783 04 7,868 7,931 7,929 8,003
Primary metals sees | 19,203] 19,123] 19,343] 40.4 19,232] 19,119] 19,166] 19,878
Blast furnaces, steel mills... . 9,420 9,409 9591] +01 9,316 9,262 9,365, 9,832
Iron and steel foundries . . . : 1,394 1,383 1,394 +08 1,426 1,425 1,431 1,433
Nonferrous and other primary
metals cecee eee 8,389 8,331 8,358] 40.7 413 8,490 8,432 8,370 8,613 “14
Fabricated metal products . . - | 23,002} 23,123] 23,302 -0.5 +06] 23,276| 23,399] 23,545] 24,008 3.0
Industrial machinery and equipment 44,892] 44,773] 44,480] +03] = +0.7 -1.0] 45,428] 44,838) 44,163] 46,883 3.1
Engines and turbines .......... 3,554 3,562 3,504 02) +17 +04 3,614 3,591 3,407 3463) +44
Farm and garden machinery : 2,104 2,194 2,326 “41 “57 0.0} 2,070 2191 2,452 2,262 8.5
Construction, mining and
material handling equipment . . . 5,860 5,899 5,967 -0.7 “ld +09 5,930 5,979 6,035 6,147 35
Metalworking machinery ...... 5,153 5,179 5,188 -0.5 0.2 22 5,199 5.214 5,136 5,469 49
Computer and office equipment 10,157 9,904 9589] +26] +33 32] 10,391 9,761 9,209} 10,698 29
Electronic and other
electrical equipment ........... | 32,666] 32,258] 31,900] +13] +11 +04] 33,351] 32,621] 31,850] 31,980] +43

Electrical transmission and
distribution equipment and
industrial apparatus ......... 4383| 4394] 4374] 03] +05] +05] 94,459] 4,461 4369] 4,646] -4.0
Household appliances . 2,624 2,599 2,546 +10 42.1 +2.6 2,831 2,759 2,644 2,717 +4.2
Electric lighting and

wiring equipment... . 2,860 2,863 2,871 0.1 03 +03 2,940 2,906 2,865 3,016 25
Household audio and
video equipment . . 1,065 1,051 1,052] +13 01] +09 1,083 1,030 1,022 1210] -10.5
Communications equipment 8,313 8,113 7936, +25] +22] +13 8,473 8,203 7,883 7215| +165
Electronic components . . . . 10,047 9,899 9,808] +15] +09 02} 10,107 9,873 9,743 9531] +60
Transportation equipment .... . . 65,644] 65,434] 65,885] +03 -0.7 05] 65,604] 65,573] 66,155] 70,995 -16
Motor vehicles and parts 11,439{ 11,414] 11362] +0.2] 40.5] 40.9] 11,067] 11,318] 11,385] 11,664 5.1
Aircraft, missiles,
space vehicles, and parts. . 49,852} 49,640] 50,162] +04 -1.0 -0.9] 50,173} 49,877] 50,385] 54,946 87
Shipbuilding and tanks .... 1,805 1,807 1,841 -0.1 -18 +08 1,830 1,813 1,808 2,052 -10.8
Instruments and related products 22,749 22,898 22,979 0.7 04 03 23,057 23,094 22,859 23,970 3.8
Search and navigation equipment 6,053 6,153 6,229 -16 “12 3.0 6,123 6,198 6,146 7,497] -183
Measuring and controlling devices 6,597 6,662 6,648 10 +0.2 +0.2 6,670 6,696 6,623 6,741 -Ll
Medical instruments and Supplies 6351 6,336 6309} +02} +04] +03 6,421 6,362 6,281 6225] #3.1
Photographic goods : 2,973 2,975 3,027 -0.1 7] 43.6 3,044 3,040 3,035 2774, 49.7
All other durable goods cece 21.746] 21,677) 21,177] +03] 42.4} 2.0] 21,938] 21,756] 21,306] 20,672] +6.1
Nondurable goods industries . 143,790] 143,264] 142,690] +04] +04] +0.3] 144,004] 143,731] 142,498] 139,254] +3.4
With unfilled orders ........... | 33,289] 33,154] 33,005] +04] = -+0.5 0.0] 33,755] 33,610] 33,151 | 33,776 -0.1
Food and kindred products . . -. | 30,214] 30,073] 29.910] +05] = 40.5] = 40.2] = 28,991] 29,210] 29,282] 28,320) +2.4
Meat products 3,147 3,059 3,046] 429] +04] 418 3,200 3,128 3,101 2,800] +143
Dairy products . _ _ 2/884 2,763 2687| +44] +28 04] 2,950 2,793 2,631 2793| +56
Beverages : 5,345 5,331 $253] +03] +15 0.0 5,340 5,370 5,261 5,282) +11

All other foods, except fats and oils 17,412 17,448 17,456 0.2 0.0 +0.2 16,106 16,419 16,789 16,015 +0.6
wees 6,682 6,558 6700} +19 24} +11 6,508 6,697 6,831 6,529 -03
9,329 9,279 9192] +05] +09] +05 9,627 9,457 9,194 OL] +57

Tobacco products
Textile mill product :
Broadwoven fabrics and

other textiles : 5,395 5,358 3306} +07] +H.0] +09 5,508 5,450 §,322 $327] +34
Paper and allied products ...... 13,515 13,495 13,467 40.1 +0.2 +0.1 13,759 13,800 13,684 13,891 -1.0
Pulp, paper, and
paperboard mill products ...... 5,626 5,611 5,582] +03 +05] +04 5,739 5,724 5,682 5,789 -0.9
Paperboard containers and boxes . 3,227 3,239 3,269 “04 09 -0.9 3,227 3,272 3,303 3,284 17
Miscellaneous converted
Paper products . 4,662] 4,645 4616| +04] +06] +04 4,793 4,804 4,699 4,818 -0.5
Chemicals and allied products. . 34,997] 34,877] 34,894 40.3 0.0 0.0] 35,154} 35,240] 35,258] 34,017 433
Industrial chemicals .. . . 17,202] 17,198] 17,134 00} +04 03} 17,202) 17,306] 17,308] 17,081] +0.7
Drugs, soaps, and toiletries . 13,466 13,272 13,409 +15 -1.0 40.5 13,735 13,368 13,276 12,905 +64
Petroleum and coal products ...... . 11,676] 11,869] 11,684 -16] +16/ +06] 11,773] 11,740] 11,357] 11,688] -+0.7
Rubber and plastics products... . . 12,015] 11,940] 11,834] +06] «= +09) = 40.4) 12,119} 12,108} 12,017] 11,303] -+7.2
All other nondurable goods . : 25,362] 25,173] — 25,009 40.8 40.7 +0.7] 26,073} 25,479] = 24,875] 24,395 46.9

* Preliminary. ‘ Revised.


Table A. REVISED VALUE OF MANUFACTURERS’ INVENTORIES FOR INDUSTRY GROUPS

(Millions of dollars)

Seasonally adjusted

Not seasonally adjusted

Industry Monthly Percent Change Monthly Percent
change
Mar. Feb. Jan.|  Feb-|  Jan-|— Dec.- Mar. Feb. Jan. Mar.| Mar.
1993 1993 1993] Mar.}Feb.] Jan. 1993 1993 1993 1992} 93/92
All manufacturing industries 379,539 | 379,232] 378,624] +01] +02) 0.2] 379,471] 381,149] 377,941] 383,555] 1.1
Manufacturing industries:
with unfilled orders a 250,551] 251,190] 251,177| -03] +00}  -04] 250,300] 251,672] 249,008] 260,521 39
without defense capital goods 350,774 | 349,835] 348.907| +03] +03]  +0.0| 350,722] 352,118] 349,092] 348,964] +05
Durable goods industries 236,849 | 237,034] 236,332] -0.1] +03]  -0.6| 236,973] 238,245} 234,875] 245,992] 3.7
With unfilled orders 217346] 218,194] 217,998] -03| 40.1 -0.6] 217,149] 218,689] 216,138] 227,133)  -44
Industrial machinery and equipment 44,480| 44,930] 45,072|  -1.0]-03] = 1a] 44,163] 45,254] 44,881] 46,448] 49
Computer and office equipment. . 9,589] 9,910] 10040] 32] -13) © -21] 9,209] 9,870] 9,902} 10,227] -10.0
Table B. REVISED VALUE OF MANUFACTURERS’ TOTAL INVENTORIES FOR TOPICAL SERIES
(Millions of dollars)
Seasonally adjusted Not seasonally adjusted
Industry Monthly Percent Change Monthly Percent
change
Mar. Feb. Jan. Feb.- Jan.- Dec. Mar. Feb. Jan. Mar. Mar.
1993 1993 1993] Mar} Feb Jan. 1993 1993 1993 1992] 93/92
All manufacturing industries 379,539 | 379,232 | 378,624 | +01 | +02] -0.2 | 379,471 | 381,149 | 377,941 | 383,555 “Ll
Market categories :
Machinery and equipment 87,899 | 87,985 | 87,396 0.1} +07} -05 | 87,846 | 88,776 | 86,955 | 89,254 -16
Other materials, supplies
and intermediate products 125,211 | 125,249 | 125,328 oo} 0.1 -0.3 | 125,606 | 126,200 } 125,794 | 127,306 -13
Durable goods industries :
Nondefense capital goods >... . 82,611 | 83,013 | 82,724 05] +03] 06] 82,253 | 83,559 | 82,197 | 85,004 32
Excluding aircraft and parts 53,900 | 54,237 | 54.224 06} +00] -05 | 53382 | 54343 | 53,695 | 55,345 35
Durables excluding capital goods 125,473 124,624 123,891 +0.7 +0.6 03 125,971 125,655 123,829 126,397 03
Miscellaneous series
Producers’ durable equipment .... | 141,164 | 141,039 | 140,362 | +01 | +405 | 0.4 | 141,153 | 142,138 | 139,856 | 143,953 -19
Information technology industries 28.276 | 28,400 | 28,338 04) +02] -01 | 27,824 | 28310 | 28,005 | 28,146 ll

See footnotes at end of table 5.


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
1993” 1993" 1993 || May | Apr. | Mar. 1993” 1993" 1993 1992 | 93/92
UNFILLED ORDERS
All manufacturing industries 468,585 | 472,966 | 475,261 0.9 -0.5 -1.1 | 470,759 | 476,340 | 478,039 | 501,081 6.1
Market categories :
Automotive equipment 1,682 1,612 1,629 | +43 -1.0 -19 1,701 1,639 1,650 1,742 24
Home goods and apparel... .. . 9,998 10,385 10,436 33.7 -0.5 0.4 10,470 10,719 10,486 9,675 48.2
Consumer staples . sees 1,454 1,407 1420 | +33 09 | +01 1351 1,379 1,394 1215 | +112
Machinery and equipment + | 193,373 | 195,225 | 196,690 09] -0.7 -1.8 | 193,830 | 195,456 | 196,868 | 213,027 -9.0
Business supplies . settee 5,643 5,693 5,767 -09 -13 22 5,638 5,668 5,758 5,862 38
Construction materials
and supplies ee 15,018 | 14971 | 14992 | +03 0.1 -13 | 15,074 | 15,053 | 15,059 | 14,554 43.6
Defense products ....... 119,523 | 121,137 | 121,632 -13 04 -0.1 | 119,417 | 122,149 | 123,039 | 129,749 -8.0
Other materials, supplies an
and intermediate products . .. . 121,894 | 122,536 | 122,695 -0.5 0.1 1.0 | 123,278 | 124,277 | 123,785 | 125,257 -1.6
Durable goods industries :
Nondefense capital goods’... .. . 212,010 | 214,098 | 215,430 -1.0 0.6 1.7 | 212,194 | 214,104 | 215,541 | 233,872 93
Excluding aircraft and parts 71,451 71,706 70,967 04 +1.0 0.6 71,635 71,712 71,078 73,142 21
Defense capital goods * - | 125,889 | 127,555 | 128,211 “13 0.5 -0.3 | 125,932 | 128,705 | 129,659 | 137,782 -8.6
Durables excluding capital goods 107,710 | 108,180 | 108,667 0.4 04 -0.8 | 109,399 | 110,216 | 109,722 | 106,241 43.0
Miscellaneous series :
Producers’ durable equipment 216,493 | 218,407 | 219,983 0.9 -0.7 -1.7 | 217,228 | 219,103 | 220,281 | 235,251 1.7
Household durable goods . . . . 5,327 5,392 5,339 12 +10 2.8 5,653 5,810 5,365 5,496 42.9
Information technology industries . | 31,639 | 31,580 | 30917] +02] +421 -21 | 31,884 | 31,413 | 30,764 | 31,973 -03
Health care equipment
and products ........ | 8,256 8,192 8325 | +08 -16 -19 8,256 8,192 8,325 7,959 43.7
TOTAL INVENTORIES
All manufacturing industries . 381,416 } 380,307 | 379,539 40.3 +0.2 +0.1 | 383,758 | 382,062 | 379,471 | 385,643 -0.5
Market categories :
Automotive equipment ........ 6,191 6,207 6,166 -03 +0.7 +15 6,113 6211 6,261 6,116 0.0
Home goods and apparel - | 29,927 | 29,688 | 29393 | +08] +10] +15 | 31,156 | 30,171 | 29,300 | 28,686 48.6
Consumer staples - | $9,638 | 59,201 | 59,136 | +07] +01 | +04 | 58,722 | 58,610 | 58,387 | 57,061 42.9
Machinery and equipment . . . 88,520 | 88,104 | 87,899 | +05] +02 -0.1 | 89,436 | 88,659 | 87,846 | 89,710 03
Business supplies . . . 21,659 | 21,606 | 21,390 | +02] +10 -0.5 | 21,715 | 21,766 | 21,466 | 21,923 -09
Construction materials
and supplies... ... tees 23,184 | 23,354 | 23,225 -0.7 +0.6 +16 | 23,521 23,694 | 23,473 | 23,079 +19
Defense products a 27,137 26,947 27,119 +0.7 0.6 2.1 27,488 27,052 27,132 31,646 AB
Other materials, supplies and
and intermediate products - | 125,160 | 125,200 | 125,211 0.0 0.0 0.0 | 125,607 | 125,899 | 125,606 | 127,422 14
Durable goods industries
Nondefense capital goods ° . . 83,369 | 82,893 | 82,611 +06 | +03 5 | 84,289 | 93,324 | 82,253 | 85,588 -15
Excluding aircraft and parts. 54,987 | 54,541 53,900 40.8 +12 6 | 55,957 | 54,847 | 53,382 | 56,500 -1.0
Defense capital goods * . . 28,592 28,508 28,765 +03 09 21 28,984 28,629 28,749 34,062 149
Durables excluding capital goods . | 125,665 | 125,642 | 125,473 0.0 40.1 +0.7 | 126,481 | 126,378 } 125,971 | 126,739 0.2
Miscellaneous series
Producers’ durable equipment .... | 142,351 } 141,801 | 141,164 +04 +0.5 +0.1 | 143,711 | 142,662 | 141,153 | 144,855 0.8
Household durable goods ; 13,280 13,129 12,965 +12 +13 +1.6 13,673 13,277 12,964 13,265 43.1
Information technology industries 29,067 | 28,699 | 28,276 | +13] +15 -04 | 29,644 | 28,759 | 27,824 | 29,049 +20
Health care equipment
and products ........ sees 13,662 13,542 13,584 +09 03 +04 13,875 13,620 13,487 13,231 44.9

See footnotes at end of table 5.


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

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

May} Apr.| Mar. | Apr. | Mar.-| Feb-| May] Apr. Mar. May | May
1993"} 1993] 1993] May| Apr.| Mar.} 193°] 1993°] 1993] 1992] 93/92] 1993° | 1992

SHIPMENTS
All manufacturing industries 253,728] 255,114] 258,979] -0.5] -1.5]_ +0.8] 256,104] 253,519] 269,793] 244,526] +4.7] 1,258,496 |1,182,770
Market categories :
Automotive equipment 11,428] 11,702] 12,019} -2.3) -2.6f 1.0] 12,823] 12,620] 12,806] 11,196] +145] 61,357] 50,163
Home goods and apparel. -| 17,401} 17,163} 17,291] +1.) -0.7} 40.2} 16,159] 16,080) 17,721] 14,463] +11.7] 82,275] 72,591
Consumer staples 55,943] 56.955| 57,617] -1.8]  -1.l] +1.6| 55,876] 54,718] 58,523] 55,087] +14] 275,697} 264,522
Machinery and equipment 42.929] 42,712] 43,981] +0.5} 2.9] +34] 43,326] 42,371] 48,288] 39,040] +11.0] 211,579] 191,946
Business supplies ........... 19,558] 19,493] 19,672] +03] 0.9] +0.2] 19,562] 19,852] 19,858] 19,181] +2.0] 96,280] 93,341
Construction materials
and supplies _ 16,385] 16,263] 16,376] +08! -0.7} 1.3] 16,891] 16,340] 16,626] 15,628] +8.1] 79,104) 72,768
Defense products . . . cee 7,582| 7,698] 7,955] -1.5] -3.2) +0.7] 7,351] 7,275] 8,313] 7,966] -7.7| 36,798] 39,442
Other materials, supplies and
and intermediate products ...... | 82,502} 83,128] 84,068] 0.81 -1.1] 0.0] 84,116] 84,263] 87,658} 81,965] +2.6] 415,406] 397,997
Durable goods industries :
Nondefense capital goods * ......] 32,636] 32,235] 33,512] +1.2] -3.8} +4.6] 31,638] 30,813) 37,644] 29,176] +8.4] 156,951} 147,069
Excluding aircraft and parts 27,048} 26,706} 27,770] +13] -3.8} +44) 26,145] 25,367] 31,191] 23,452) +11.5] 130,028] 116,574
Defense capital goods * .. . . 7,451 7,509] 7,752] -0.8] -3.1)-0.1] 7,188] 6,988} 8,064] 7,718) -6.9| 35,592] 38,687
Durables excluding capital goods 92,170] 93,019] 94,273] -0.9] -1.3] -0.1) 96,106] 95,367] 98,791] 88,974) +8.0] 466,870] 422,770
Miscellaneous series :
Producers’ durable equipment ....| 83,996] 84,265] 86,461] -0.3]  -2.5] +23] 86,230] 84,596] 93,793] 78,300] +10.1] 421,314] 378,605
Household durable goods .. . 7,200| 7,162) 7,260] +05] -1.3)  -0.6 6,887] 6,915} 7,737] 6,537) +5.4] 34,961] 32,602
Information technology industries .| 14,740] 14,534) 15,010] +14) 3.2} +3.4) 13,816] 12,875] 16,992] 12,603] +9.6] 68,633] 62,988
Health care equipment
and products .......... 7,797| 8,036] 8,276] -3.0] -2.9) +4.0) 7,407] 7,771] 8,617] 7,435] -0.4] 39,484] 38,153
NEW ORDERS
All manufacturing industries. . 249,347] 252,819] 253,673] -1.4]  -0.3] 1.6] 250,523] 251,820] 265,249] 240,823] +4.0] 1,254,369 ]1,176,084
Market categories :
Automotive equipment ....... 11,498} 11,685] 11,988] 1.6] -2.5] -1.3] 12,885] 12,609] 12,766} 11,178] +15.3] 61,473] 30,234
Home goods and apparel --| 17,014) 17,113} 17,245] -0.6| -0.8} -1.1] 15,909] 16,313] 17,894) 14,411] +104] 84,154] 74,031
Consumer staples ........... 55,990] 56,942| 57,619] -1.7| -1.2| +1.6 55,847] 54,703] 58,501] 55,003) +1.5] 275,608] 264,396
Machinery and equipment .......| 41,078] 41,246] 40,438] 0.41 +2.0]  -8.2} 41,700] 40,960] 44,472] 39,621) +5.) 205,204] 190,587
Business supplies . soe 19,508] 19,419] 19,545] +05] 0.6 -0.9] 19,532] 19,762] 19,775] 19,270] +1.4] 96,230] 93,372
Construction materials
and supplies ......... --] 16,431] 16,242] 16,172] 41.2) +04) -5.1) 16,912] 16,333] 16,577] 15,580] +8.5] 79,851] 73,050
Defense products 5,968} 7,203] 7,787] -17.1] -7.5] +19.3] 4,619] 6,385] 8,643] 5,295] -12.8] 32,879] 31,699
Other materials, supplies and
and intermediate products 81,860] 82,969] 82,879] -1.3| +0.1] -1.6| 83,119] 84,755] 86,621] 80,465] +3.3] 418,970] 398,715
Durable goods industries :
Nondefense capital goods * .. . . 30,548) 30,903] 29,788] -1.1]  +3.7} -10.9] 29,728] 29,376] 33,328] 29,083] +2.2] 149,261] 145,209
Excluding aircraft and parts 26,793] 27,445] 27,338] -2.4] +0.4] +1.0} 26,068] 26,001] 30,167] 23,241] +122] 131,403] 116,813
Defense capital goods * 5,785{ 6,853] 7.411] -15.6]  -7.5] +165] 4,415] 6,034) 8,308] 4,765] -7.3) 31,744] 31,020
Durables excluding capital goods 91,700] 92,532] 93,370] -0.9} -0.9] 2.2} 95,289] 95,861] 98,157] 88,625} +7.5] 473,108] 424,802
Miscellaneous series :
Producers’ durable equipment 82,082] 82,689] 82,619] -0.7] +0.1]  -4.7| 84,355] 83,418] 89,626] 78,857]  +7.0] 417,468] 377,230
Household durable goods .......| 7,135] 7,215] 7,108} -1.1] +15] -3.5] 6,730} 7,360] 7,666] 6,386] +5.4] 36,188] 33,692
Information technology industries 14,799} 15,197] 14,347] -2.6]  +5.9}  -3.4[ 14,287] 13,524] 16,281] 12,806] +11.6} 69,401] 62,193
Health care equipment
and products . 7,861] 7,903} 8,112] -0.5]  -2.6 +5.0] 7,472) 7,638] 8,454] 7,461] +0.1] 39,290] 37,855

” 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.

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

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

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


Table 8. RATIOS OF MANUFACTURES’ INVENTORIES TO SHIPMENTS AN!
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.
1993 1993" 1993 1993 1993? 1993" 1993 1993
All manufacturing industries . . . 1.50 1.49 1.47 1.48 3.46 3.50 3.45 3.54
Durable goods industries _ 1.80 179 175 177 4.22 425 418 430
Stone, clay, and glass products 135 133 139 134 142 136 141 134
Primary metals -... . see 1.72 1.68 1.66 1.67 2.08 2.05 2.02 2.00
Fabricated metal products ........ 1.63 1.66 1.65 1.66 1.70 174 174 1.79
Industrial machinery and equipment 1.92 1.95 1.87 197 233 238 2.26 239
Electronic and other
electrical equipment 1.74 1.73 1.70 172 2.26 2.30 227 2.35
Transportation equipment .... . 192 1.86 1.82 1.84 13.17 12.84 12.57 13.07
Instruments and related products... 215 218 2.16 217 5.21 5.30 5.19 5.22
Nondurable goods industries... . . 118 1.17 1.16 1.16 0.78 0.79 0.78 0.79
Food and kindred products 091 0.88 0.88 0.89 &) (%) () ()
Tobacco products ....... _ 2.49 2.46 227 233 &) (X) () &)
Textile mill products . . . 1.60 1.60 1.60 1.54 (NA) (NA) (NA) (NA)
Paper and allied products ......... 124 126 124 125 (NA) (NA) (NA) (NA)
Chemicals and allied products... . 137 134 132 134 ® (x) &®) fe)
Petroleum and coal products. . 0:89 091 0.88 087 &) (X) (Xx) &
Rubber and plastics products... . 1.40 1.40 136 134 (o9) (9) &) &)

” 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? 1992- May? 1992- May? 1992- May? 1992-
May'} 1988-] Apr. | May' | 1988-] Apr. | May! | 1988-| Apr. | May! | 1988- | Apr.
1993 | 1992] 1993 | 1993] 1992] 1993] 1993} 1992} 1993] 1993] 1992 | 1993
All manufacturing industries .. . . (x) 02 02 (x) 05 03 &) 01 01 0) 02 o1
Durable goods industries .......... 0.0 0.1 03 -0.1 08 0.6 0.0 0.1 0.1 (xX) 0.1 0.1
Stone, clay, and glass products : &) 06 07 (x) 06 1 (X) 06 05 &) 03 02
Primary metals : 0.1 03 03 0.4 15 Ll 0.2 0.5 03 (X) 0.2 0.1
Fabricated metal products : (e.9) 03 03 (X) 05 08 ) 02 04 &® 02 02
Industrial machinery and equipment 01 0.6 06 03 10 0.6 0.2 O41 0.1 (x) 0.2 0.1

Electronic and other

electrical equipment ........ 02 03 04 -03 04 05 0.0 01 01 fe) 01 01
Transportation equipment . -02 04 08 0.6 28 19 0.0 02 02 () 02 02
Instruments and related products . & 13 09 fe) 06 1.0 & 0.1 Oo. & 02 02
Nondurable goods industries . . . (Xx) 0.2 0.1 e9) 0.2 0.1 (e.4) 0.6 04 es) 0.2 01
Food and kindred products : &) 08 03 &) 4) & (x) ® &® fe) 09 03
Tobacco products... . . vive &) 55 25 &) (x (x) &) & (x) (x) 02 02
Textile mill products ..... . ee (xX) 08 05 (xX) (NA) (NA) (Xx) (NA) (NA) (Xx) 02 03
Paper and allied products. : (x) Ol 02 & | eva] aay «X) | @NA) | (NA) &) 01 04
Chemicals and allied products... . . (x) 03 02 &) ) () (x) &) &) &) 0.1 02
Petroleum and coal products (x) 04 03 &) © & (x) &) (x) &) 05 03
Rubber and plastics products . (X) 1d 0.4 (Xx) (X) (X) (xX) (xX) (X) (xX) 0.5 02

Capital goods industries
Nondefense 0.1 06 07 -03 22 13 01 0.1 fe) OL 01
Defense 08 18 12 24] 101 56 03 02 &) 05 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. 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 precent change and the percent change as shown in this publication.
? Average for this month for the last five years.


CURRENT INDUSTRIAL REPORTS

ee
Sos

U. S. Department of Commerce
BUREAU OF THE CENSUS

Manufacturers’ Shipments,
Inventories, and Orders

May 1993
3-1-(93)-5
For Wire Transmissions 10:00 a.m. E.D.T. June 30, 1993

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

Summary

New orders for manufactured goods in May decreased
$3.5 billion or 1.4 percent to $2493 billion, the Department
of Commerce, Bureau of the Census reported today. This
follows a 0.3 percent decrease in April. New orders have
declined four of the last five months. Year-to-date new
orders for 1993 totaled $1,268.0 billion, 6.7 percent above
the same period a year ago.

Shipments decreased $1.4 billion or 0.5 percent to
$253.7 billion, following a 1.5 percent decrease in April.
Year-to-date shipments for 1993 totaled $1,277.5 billion, 6.4
percent above the same period a year ago.

Unfilled orders decreased $4.4 billion or 0.9 percent to
$468.6 billion, the lowest level since November 1988. This
is the third consecutive decline. The unfilled orders-to-
shipments ratio decreased from 3.50 in April to 3.46 in May.

Inventories increased $1.1 billion or 0.3 percent to
$381.4 billion. This is the fourth consecutive monthly
increase. The inventories-to-shipments ratio increased from
1.49 in April to 1.50 in May.

Please note that due to more complete reporting, revised
data for inventories for January 1993 through March 1993
appear in Tables A, B, C, and D.

New Orders

New orders for durable goods in May decreased $2.3
billion or 1.7 percent to $1580 billion, following a 0.2
percent decrease in April. This is the fourth decline in the
last five months.

Instruments and related products had the largest
decline, down $1.1 billion or 10.3 percent to $9.9 billion.
Transportation equipment was down $1.0 billion or 3.0
percent to $31.3 billion, with decreases in nearly all industry
categories. This is the third consecutive monthly decline.
Electronic and other electrical equipment, decreased $0.5
billion or 2.5 percent to $18.4 billion, following a 5.5 percent
increase in April. Industrial machinery and equipment
increased $0.3 billion or 1.4 percent to $23.3 billion.

New orders for nondurable goods decreased $1.2
billion or 1.0 percent to $121.3 billion, following a 0.5
percent decrease in April. The largest declines were in food
and kindred products, chemical and allied products, and
leather and leather products.

Shipments

Shipments of durable goods in May decreased $0.5
billion or 0.4 percent to $1323 billion, following a 2.0
percent decrease in April. Transportation equipment had
the largest decline, down $1.0 billion or 2.8 percent to $34.2

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

billion, primarily due to motor vehicles and parts. Excluding
transportation equipment, shipments increased $0.5 billion
or 0.5 percent. Industrial machinery and equipment had the
largest increase, up $0.4 billion or 1.8 percent to $23.3
billion, with increases in nearly all industry categories. This
follows a 3.8 percent decrease in April.

Shipments of nondurable goods decreased $0.9 billion
or 0.7 percent to $121.5 billion, following a 0.9 percent
decrease in April. The largest declines were in food and
kindred products, down $0.9 billion or 2.5 percent to $33.3
billion, and chemicals and allied products, down $0.4 billion
or 1.7 percent to $25.5 billion.

Unfilled Orders

Unfilled orders for durable goods in May decreased
$4.2 billion or 0.9 percent to $445.6 billion, the lowest level
since November 1988. This is the third consecutive monthly
decline. Transportation equipment had the largest decrease,
down $2.9 billion or 1.2 percent to $237.0 billion, primarily
due to aircraft and parts and shipbuilding and tanks. This
is the twelfth decline in the last thirteen months.
Instruments and related products decreased $0.7 billion or
1.2 percent to $55.1 billion, primarily due to search and
navigation equipment. Stone, clay, and glass products were
up $0.2 billion or 2.7 percent to $7.5 billion. Unfilled orders
for nondurable goods decreased $0.2 billion or 0.7 percent
to $23.0 billion.

Inventories

Inventories for durable goods in May increased $0.6
billion or 0.2 percent to $237.6 billion. Electronic and other
electrical equipment had the largest increase, up $0.4 billion
or 1.3 percent to $32.7 billion. Nondurable goods increased
$0.5 billion or 0.4 percent to a new high of $143.8 billion.
This is the fourth increase in the last five months.

By stage of fabrication, finished goods increased 0.1
percent in durables and 0.6 percent in nondurables. Work
in process was up 0.1 percent in durables and down 0.5

ercent in nondurables. Materials and supplies increased
.6 percent in durables and 0.4 percent in nondurables.

The data in this press release are consistent with the
revised series released June 18, 1993. A report which
includes these data from 1982 through 1992 may be
obtained by calling (301) 763-2502. To purchase historical
data from January 1958 through March 1993 on computer
tape, contact Data Users Services Division on (301) 763-
4100; for disks, contact Industry Di ion on (301) 763-2502.
Please note that the revised data on inventories from
January 1993 through March 1993 appearing in Tables A -
D of this release supersede the historic data on computer
tape and disks.

‘The advance report on durable goods for June is scheduled for July 28, 1993 at 8:30 a.m. and the full report on August 5, 1993 at 10:00 a.m. For sale by the
Superintendent of Documents, U.S. Government Printing Office, Washington, DC 20402. ‘This report is also available the day of issuc through the ent,
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-

763-2074) can provide content information and general guidance.


Table C. REVISED VALUE OF MANUFACTURERS’ INVENTORIES, BY STAGE OF FABRICATION,
BY INDUSTRY GROUP
(Millions of dollars)

‘Seasonally adjusted Not seasonally adjusted
Industry Monthly Percent Change Monthly Percent
change
Mar. Feb Jan. | Feb- | Jan- | Dec. Mar. Feb. Jan Mar. | Mar.
1993 1993 1993 | Mar. | Feb Jan. 1993 1993 1993 1992 | 93/92
MATERIALS AND SUPPLIES
All manufacturing industries 120,193 119,960 119,993 +0.2 +0.0 0.3 119,874 120,507 121,497 120,157 0.2
Durable goods industries. 67,864 | 67,839 | 67,707 | +00} +02} -0.7 | 67,386 | 68,012 | 68,358 | 68,456 “16
Industrial machinery and equipment | 13,971 | 14,185 | 141075 S| 408] +05 | 13/845] 14.286 | 14306 | 13,187 +5.0
WORK IN PROCESS
All manufacturing industries... 129,199 | 129,713 } 129,388 04| +03] 05 | 129,441 } 129,913 | 127,741 | 135,253 43
Durable goods industries 106,071 | 106,552 | 106,426 05} +01] -07 | 106,421 | 106,826 | 104,883 | 113,133 59
Industrial machinery and equipment | 17,023 | 17,272 | 17,338 14} 044-10} 17,003 | 17,191 | 16926 | 19,120 | -11:1
FINISHED GOODS
All manufacturing industries... 130,147 } 129,559 | 129,243 | +05] +02] +03 | 130,156 | 130,729 | 128,703 | 128,145 +16
Durable goods industries ........ 62,914 | 62,643 | 62,199 | +04} +07] -03 | 63,166 | 63,407 | 61,634 | 64,403 “19
Industrial machinery and equipment 13,486 13,473 13,659 +0.1 “14 29 13,315 13,777 13,649 14,141 58

Table D. REVISED RATIOS OF MANUFACTURES’ INVENTORIES TO
SHIPMENTS, BY INDUSTRY GROUP
(Based on seasonally adjusted data)

Inventory / Shipments ratio
Indus

sity Mar. Feb. Jan. Dec.

1993 1993 1993 1992

All manufacturing industries... . 147 1.48 1.50 1.48

Durable goods industries. ......... 175 177 181 177

Industrial machinery and equipment | 137 197 2.00 2.02



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

BY INDUSTRY GROUP
(Millions of dollars)

Seasonally adjusted

Not seasonally adjusted

Industry Monthly Percent Change Monthly Percent
change
May Apr. Mar. | Apr- | Mar- | Feb~ May Apr. Mar. May | May
1993” 1993" 1993 | May | Apr. | Mar. 1993" | 1993" 1993 1992 | 93/92
MATERIALS AND SUPPLIES
All manufacturing, industries 121,389 } 120,761 | 120,193 | +05] +05 | +02 | 120,562 | 120,339 | 119,874 | 119,837 +0.6
Durable goods industries 68,486 | 68,089 | 67,864 | +06] +03 0.0 | 67,950 | 67,481 | 67,386 | 68,351 06
Stone, clay, and glass products 2496 | 2490 | 2480 | +02] +04] +08] 2483 | 2459 | 2461 | 2,417 +27
Primary metals 6226 | 6.254 | 6,259 04} O01] +10} 6045 | 6064 | 6,014 | 5,943 +17
Fabricated metal products /| 7584 | 7.645 | 8,003 08} 45] +409] 7480] 7.554] 8025 | 8,160 83
Industrial machinery and equipment | 147652 | 14,366 | 13,971 | +20] +28] -15 } 14,580 | 14,232 | 13,845 | 13,053 | +11.7
Electronic and other
electrical equipment 10,348 | 10,305 | 10305 | +04 oo | +04 | 10,443 | 10343 | 10,274 | 10,397 +04
Transportation equipment : 12155 | 12:034 | 12'087 | +10 | -04 | 411 | 12,062 | 12063 | 12,156 | 13,390] -112
Instruments and related products 6835 | 6,856 | 6,831 03 | +04] +08] 6871 | 6861 6818 | 6,887 02
Lumber, furniture and
miscellaneous durable goods 3190 | 8130 | 7928] +06] +27] -1.7 | 7,986 | 7,905 | 7,793 | 7,904 +10
Nondurable goods industries 52,903 } 52,672 | 52329] +04] +07] +04] 52,612 | 52,858 | 52,488 | 51,486 422
Food and Kindred products 10,046 } 10,094 | 10,041 05 | +05 | -02 | 9955 | 10191 | 10,090 | 9,981 03
Tobacco products 5286 | 5.252 | 5270] +06] -03 | +06] 5,176 | 5287] 3414 | 4,946 +47
Textile mill products ne 3637 | 2552 | 2602 | 433] -19] -09] 2699 | 2580 | 2633 | 2,658 +15
Paper and allied products... |. - 6704 | 6724 | 6736] 03] -02] +08] 6691 | 6774 | 6809 | 6,864 -2'5
Chemicals and allied products 11774. | 1t'671 | 14578 | +09] +08 | +09 | 11,723 | 11,632 | 11,507 | 11,242 | +43
Petroleum and coal products 301 | 3,260 | 3,226 | #13] +11 -19 | 33328 | 3,255 "148 | 3,268 +18
Rubber and plastics products 4390 | 4407 | 4350 04) 413 | +01} 4335} 4399 | 4332 | 4,293 +10
Apparel printing and publishing
and leather goods . . 3,765 | 8,712 | 8526} +06] 422] +14] 8,705} 8740] 8555 ) 8,234 +5.7
WORK IN PROCESS
All manufacturing industries 128,795 | 128,770 } 129,199 oo] 03] 04 | 129,706 | 129,563 | 129,441 | 134,841
Durable goods industries. 105,811 } 105,671 | 106,071 | +01 | -04 | -05 | 106,729 | 106,279 } 106,421 | 112,366
Stone, clay, and glass products 1125 135 | 1143 09) 07) +406} 1,156 "182 1195 1,204
Primary metals 6875 | 6961 | 7,208 12] 34] +01 6.951 } 7,049 | 7,236 | 7,656
Fabricated metal products. - 7596 | 7616 | 75636 | -03| -03 | +06] 7,651 7,662 | 7,666 | 7,814
Industrial machinery and equipment’ ] 17,126 ] 17,122 | 17,023 oo | +06] -14] 17,470 | 17219 | 17,003 | 19,207
Electronic and other
electrical equipment 13,98 | 13,616 | 13,450] +421] +12] +05 | 14,082 | 13,760 | 13,464 | 12,582
Transportation equipment 4ag24 | 44745 | 45191 | +02] -L0 | 0.9 | 44,926 | 44852 | 45,541 | 48,552
Instruments and related products - 9816 | 9956 | 9.977 “14 | 02} -16} 9916 | 10,003 | 9857 | 11,135
Lumber, furniture and
miscellaneous durable goods asst | 4520] 4443] +07] +17] +55] 4577] 4552 | 4,459] 4,216
Nondurable goods industries . 22,984 | 23,099 | 23,128 s| 01 -o.1 | 22,977 | 23,284 | 23,020 | 22.475 422
Food and kindred products - 3:706 | “3,716 | 3,742 3] -07 | +06] “3480 | 3,607 3745 | 3379 | 43.0
Tobacco products. .......---.- 179 165 151 5] +93 0.0 142 135 138 si | +753
Textile mill products 2471 | 2,468 | 2,398 1] 429] -09] 2,524] 2492 | 2386 | 2,481 +17
Paper and allied products - 1215 | 1220 | 1,206 4{ 412{ 32] 1220] 1244] 1223 | 1197 +19
Chemicals and allied products 5481 51537 | 5,640 oo] +18] 15 | sfoos | 51663 | 51549 | 5498 +19
Petroleum and coal products 2735 | 2816 | 2,787 o| +10} +403] 2743 | 2823 | 23731 | 2,858 -4.0
Rubber and plastics products 1.701 ress | 1650 | +08] +17] 05] 1692] ess] 1,645 | 1,623 +43
Apparel, printing, and publishing
and leather goods 1 5496 | sso] 5,545] +01] -10] +17] 5,571 5,632 | 5,603 | 5358] +40
FINISHED GOODS
All manufacturing industries 131,232 | 130,776 | 130,147 | +03 | +05 | +05 | 133,490 | 132,160 } 130,156 | 130,965
Durable goods industries. - 63329 | 63,283 | 62,914] +01] +06] +04 | 65,075 | 64,571 | 63,166 | 65,672
Stone, clay, and glass products 4103 | 4132 | 4160 | -07 | -0.7 oo | 4229 | 4290) 4273 | 4382
Primary metals 6102 | 5908 | 5876] +33] +05] -21 | 6236 | 6006] 5,916 | 6,279
Fabricated metal products 7822 | 71862 | 7,663 05 | +426] +02] gas] g1s3 | 7.854] 8,034
Industrial machinery and equipment | 13114 | 13285 | 13,486 | -13 | -15 } 40.1 | 13378 | 13,387 | 13,315 | 14,623
Electronic and other
electrical equipment . . .. 3420 | 9337] tas | +10] 424] +02] 8826] 8518] 8112 | 9,001
Transportation equipment... 81665 | 81655 | 8607] +01} +06] -02] 8616 | 8658 | 8458 | 8,853
Instruments and related products - 6,098 | 6,086 | 6,171 +02 | -14| +09 | 6270 | 6230] 6184] 5,948
Lumber, furniture and
miscellaneous durable goods 9005 | 9018} 8806] -01} +24] +437] 9375 | 9,299] 9,054) 8,552 +9.6
Nondurable goods industries 67,903 | 67,493 | 67233 | +06] +04] +05 | 68415 | 67,589 | 66,990 | 65,293 +48
Food and kindred products 16,462 16,263 16,127 +12 40.8 +03 15,556 15,412 15,447 14,960 +4.0
Tobacco products .... . 1217 | 1141 1279 | +67 | -108 | +32] 1190 | 1275 1279 | 1502 | -208
Textile mill products | | 421 | 4259 | 4192 | -09] +16] +23 | 4404] 4385 | 4175 | 3,972 | +109
Paper and allied products - 33596 | 5551 5525 | +08] +05 00 | sisq8 | 5,782 | 5,652 7830 | +03
Chemicals and allied products 17.742 | 17,669 | 17,676 | +04 00 oo | 17/826 | 17945 | 18,202 | 17277 | +32
Petroleum and coal products 51640 -793 | 5,671 2.6 | +422] +23 "702 | 5,662 | 5,478 562 +2'5
Rubber and plastics products S924 | Seas | sia2s | +14] +03] +408] 6092 | 6021 | 6040 | 5387 | +131
Apparel, printing and publishing
and leather goods . . . . uior | 10972 | 10938} +12] +03 | -04 | 11,797 | 11,107 | 10,717 | _ 10,803 +92

» Prelimary. ‘ Revised.


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

(Millions of dollars)

Seasonally adjusted

Not seasonally adjusted

Industry Monthly Percent Change Monthly Percent
change
May Apr. Mar.| Apr-| Mar-} Feb. May Apr. Mar. May| = May
1993” 1093" 1993] May} Apr.) Mar. 1993” 1993" 1993 1992] 93/92
All manufacturing industries 468,585 | 472,966] 475,261 0.9 0.5 -L1] 470,759] 476,340] 478,039] 501,081 6.1
Manufacturing industries
without defense capital goods 342,696 | 345,411] 347,050 -0.8 0.5 -14] 344,827] 347,635] 348,380] 363,299 “5.1
Durable goods industries 445,609 | 449,833] 452,308 09 -0.5 -1.1] 447,525] 453,025] 454,922] 477,895 64
Stone, clay, and glass products . 7,544 7,346 7,273 42.7 +10 +15 7,627 7,248 7177 7,156 +6.6
Primary metals. . 23,228] 23,378] 23,558 -0.6 08) +14] 23,775) 24,184] 24,460] 21,710] +95
Blast furnaces, steel mills. 10,614] 10,678] ~— 10,780 -0.6 0.9 +3.6] 10,816} 11,040] 11,287 8311] +301
Iron and steel foundries 2,882 2,860 2,849 40.8 40.4 23 2,896 2,881 2,867 2,923 09
Nonferrous and other primary
metals 9,732 9,840 9,929 “Ll 09} +03] 10,063] 10,263] 10,306} 10,476 39
Fabricated metal products... 22,048) 22,302} = 22,577 Ld “12 -16} 21,977] 22,485] 22,784] 22,958 43
Industrial machinery and equipment 50,698} 50,695] 50,607 0.0 40.2 -0.7] 50,847} 50,639] 50,782] 52,156 -2.5
Engines and turbines 9,793 9,897] 10,011 “Ld -L1] 43.0] 9,463 9,623 9,845 910] +39
Construction, mining and
material handling equipment 5,805 5,673 5,704] 42.3 0.5 -03 5,822 5,754 5,903 5,697} +22
Metalworking machinery a 6,632 6,892, 7,008 38 “17 21 6,632 6,892 7,008 8,678 -23.6
Computer and office equipment . 7,538 7,281 7,345 43.5 0.9 4.8 7,779 7,125 7,192 8,092 39
Electronic and other
electrical equipment 42,437 42,796 42,530 08 +0.6 -2.0} 42,882 43,514 42,640 42,361 +12
Electrical transmission and
distribution equipment and
industrial apparatus 5,821 5,862 5,794 07} +12 0.0 5,829 5,881 5,811 6,192 59
Electric lighting and
wiring equipment 3,139] 3,084 3,035] +18] +16 24] 3,139 3,084 3,035 3,083] +18
Communications equipment 12,930] 12,904] 12,758] 40.2] +11 -2.6] 12,867] 12,896] 12,771 | 13,104 18
Electronic components . . . 15,759} 16,155] 16,149 2.5 0.0 -2.0] 16,200] 16,790] 16,171] 15,201] +66
Transportation equipment ...... . 237,026 | 239,931} 242,863 12 +12 -1.4] 237,260} 241,077] 244,020] 267,087] -11.2
Aircraft, missiles,
space vehicles, and parts. 208,753 | 211,304] 213,688 -12 “11 14] 208,891} 212,367] 214,824] 234,759] -11.0
Shipbuilding and tanks . . 20,335] 21,003} 21,538 3.2 25 -14] > 20,395} 20,987] 21,434] 24,573 -17.0
Instruments and related products . 55,085} 55,754] $5,223 12 +10 0.6] 55,063] 55,844] 55,507] 56,162 2.0
Search and navigation equipm: 36,915] 37,452] 36,789 14} 418 0.1] 36,883] 37,547} 37,088] 38,372 39
Measuring and controlling devices 9,173 9,343 9,252 18] +10 08 9,173 9,343 9,252 8895} 43.1
Medical instruments and supplies 8,227 8,163 8,296 +0.8 +16 -19 8,227 8,163 8,296 7,930 43.7
All other durable goods . 7,543 7,631 7,677 -12 0.6 13 8,094 8,034 7,552 8,305 25
Nondurable goods industries . 22,976] 23,133] 22,953, 0.7 40.8 -15] 23,234] 23,315] 23,117] 23,186 +02

? Preliminary. ‘ Revised.


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

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

May} Apr.} Mar. | Apr. | Mar.-| Feb] May] Apr. Mar. May | May
1993"} 1993} 1993] May| Apr.| Mar.| 1993" 1993] 1993] 1992] 93/92] 19937} 1992

All manufacturing industries . . . 249,347] 252,819] 253,673] -1.4] -0.3] — -1.6 250,523] 251,820] 265,249] 240,823] +4.0] 1,254,369 11,176,084
Manufacturing industries

with unfilled orders : - ++} 130,878] 132,911] 132,266} -1.5]  +0.5]— -3.3] 128,691] 131,377] 140,631] 124,964) +3.0] 659,348] 626,888

without defense capital goods 243,562) 245,966] 246,262] -1.0} -0.1] -2.1] 246,108] 245,786] 256,941] 236,058] +4.3} 1,222,625]1,145,064
Durable goods industries... . - | 128,033} 130,288] 130,569] -1.7) -3.4| 129,432] 131,271} 139,793] 122,473] +57] 654,113] 601,031

With unfilled orders ...........} 101,471] 103,361] 103,229] -1.8 -3,8| 99,939] 102,078] 110,832] 97,038] +30] 514,041] 485,054
Stone, clay, and glass products 5,928] 5,892] 5,693] +0.6 -7.6| 6,235} 6,011] 5,587] 5,820) +7.1] 28,295] 26,056
Primary metals. . . ++ -f 11,042) 11,212] 12,015] -1.5 -3.1] 11,040] 11,435) 12,779} 11,455} -3.6] 60,821] 56,967

Blast furnaces, steel mills... 5,099] 5,078} 5,625] +0.4| -5.6 5,094] 5,082) 5,913] 4,803] +6.1] 28,633] 24,180

Iron and steel foundries 989] 1,049) 1,005) -5.7) 2.5] 1,059} 1,116} = 1,033} 1,154) 8.2 5,330 5,042

Nonferrous and other primary

metals... 0... sess. 4,954] 5,085] 5,385] -2.6] 5.6] 0.6 4,887] 5,237] 5,833] 5,498) -11.1] 26,858} 27,745

Fabricated metal products --| 13,866] 13,648] 13,761] +1.6] -0.8]-1.6 14,010] 13,583] 14,559) 13,013) +7.7] 68,543] 64,151
Industrial machinery and equipment - | 23/332} 22,999] 23,475] +14] -2.0) +1.2] 23,124] 22,362) 26,260] 19,728) +17.2} 114,600] 100,331

Engines and turbines . . . 1,364} 1,344] 1,801] +1.5] -25.4) 419.5} 1,296] 1,175] 1,767} 1,452] -10.7 6,530 6,117

Construction, mining and

material handling equipment .... 2,626} 2,400} 2,491) +94) -3.7] -1.1) 2,637] 2,415] 2,717] 2,016] +30.8) 12,711 9,994

Metalworking nfachinery 2398] 2,506] 2,424] 4.3) 43.4) -4.5] 2,294] 2,275) 2,676] 2,059] +114) 11,747] 11,255

Computer and office equipment . . . 6.281] 5,900] 6,051} +65] -2.5|  -4.8] 5,853] 4,741] 7,381) 4,836} +21.0] 28,112] 23,306
Electronic and other

electrical equipment... ...... 18,388] 18,862] 17,881] -2.5] +5. 0.0]_-17,803] 18,682] 18,399) 16,705] +66] 90,390] 82,752

Electrical transmission and
distribution equipment and

industrial apparatus .......... 2,315] 2,479] 2,344 -6.6]  +5.8]  -3.7) 2,310) 2,487) 2,511] 2,236) 9 $3.3) 12,067] 11,308
Electric lighting and
wiring equipment ............] 1,747] 1,706] 1,665] +24) +2.5]  -2.8) 1,737] 1,616] 1,763] 1,513) +148) 8,374) 7,410
Communications equipment . 3,777 3,834) 3,370] -1.5] +13.8]  +1.7] 3,616] 3,528] 3,649) 3,232) +11.9) 16,783] 15,611
Electronic components ....... 6.123] 6.437] 6,065] -4.9]  +6.1] +14) 5,962] 7,026] 5,929] 5,741] #3.8] 32,155] 28,706
Transportation equipment .. . . 31,285] 32,248] 32,891] -3.0]  -2.0] -9.2) 33,004] 33,791] 36,243] 32,273) +2.3] 167,949] 155,049
Aircraft, missiles,
space vehicles, and parts. 7,105] 7,302) 7,006] -2.7) +4.2) -30.9] 5,890] 6,880} 8,613} 7,944] -25.9] 35,287] 45,337
Shipbuilding and tanks ........ 277] 442) 696] -37.3] -36.5] +172} 336] 482 737 863] 61.1] 3,891] 3,784
Instruments and related products 9,905] 11,041) 10,290} -10.3)  +7.3} -0.8) 9,696 10,361) 10,711} 9,923 2.3] 50,811] 49,364
Search and navigation equipment. 2,233] 3,338] 2,732} -33.1] +22.2] +6.7] 2,032] 2,872] 2,695] 2,228) 8.8] 12,710] 11,988
Measuring and controlling devices 2,749] 2,954] 2,764) -6.9] +69] -7.6] 2,734] 2,864) 2,999) 2,611 +4.7) 14,166] 13,501
Medical instruments and supplies 2,826] 2,712) 2,762) +4.2| -1.81 +73] 2,779] 2,665] 2,946) 2,857) 2.7) 13,932] 13,971
All other durable goods -- 1 14,287] 14,386] 14,563] -0.7]  -1.2] -2.8] 14,520] 15,046} 15,255] 13,556} +7.1] 72,704) 66,361

Nondurable goods industries ~ «| 121,314] 122,531} 123,104] -1.0) -0.5]  +0.3] 121,091] 120,549] 125,456] 118,350] — +2.3] 600,256] 575,053
With unfilled orders see 29,407] 29,550} 29,037] -0.5 +1.8} —-1.5] 28,752] 29,299] 29,799] 27,926) +3.0] 145,307] 141,834

” 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.


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
193°] 1993"] 1993 | ‘May | “Apr | Mar.) 1993] 1993'| 1903] 1993) 932 | 1993] 1992
All manufacturing industries . 253,728] 255,114] 258,979] -0.5] -1.5| _ +0.8] 256,104] 253,519] 269,793] 244,526}  +4.7] 1,258,496 1,182,770
Manufacturing Industries
with unfilled orders 135,259] 135,206] 137,572] 0.0] -1.7], +1.4} 134,272] 133,076] 145,175] 128,667] +4.4) 663,475] 633,574
without defense capital goods . . . | 246,277] 247,605] 251,227] -0.5| 1.4) +0.9] 248,916] 246,531] 261,729] 236,808] — +5.1] 1,222,904 |1,144,083,
Durable goods industries 132,257] 132,763] 135,537] -0.4]  -2.0_ +1.0} 134,932] 133,168] 144,499] 125,868] +7.2| 659,413] 608,526
With unfilled orders 105,695] 105,836] 108,197] -0.1]  -2.2|_ +1.9} 105,439] 103,975] 115,538] 100,433| +5.0| 519,341] 492,549
Stone, clay, and glass products 5,730) 5,819] 5,587] -1.5] +42) -33] 5,856] 5.940] 5.414] 5,610] + +4.4] + -27,060] 25,440
Primary metals. . 11,192] 11,392] 11680] -1.8] -2.5} +04} 11,449] 11,711} 12,053] 11,756 -2.6| $7,722] 57.071
Blast furnaces, steel mills. 5,163] 5,180) 5,251] -0.3) -1.4) +13) 5,318} 5,329] 5,495] 4.962] +7.2| 26.239] 24,642
Iron and steel foundries : 967| 1,038} 1,071] -6.8}  -3.1) +01] 1,044] 1102) 1,092) L114] 63] 5,264] 5,077
Nonferrous and other primary
metals . 5,062] 5,174] 5,358} -22] -3.4) 0.4] 5,087] 5,280] 5,466] 5,680] -10.4| 26,219] 27,352
Fabricated metal products 14,120] 13,923 14,122) +14] -1.4) +15] 14:518] 13,882] 14,841) 13,521] +74] 69327] 65,123
Industrial machinery and equipment | 23,329} 22,911] 23,819] +18] -38| +43] 22.916 22.505] 27204] 20234] +133] 113872] 100,934
Engines and turbines . 1,468] 1,458] 1,508) +0.7] -33] 1.8] 1.456] 1397] 1.725] 1368] +64] = 7,123] 6,511
Farm and garden machinery 1569] 1,600] 1.413] -1.9] +132] -4.o) 1:795| 2101] 1.786} 1410] +273} 8,654) 7,525
Construction, mining and
material handling equipment 2,494] 2,431] 2,509] +26) -3.1] +15] 2,569] 2,564] 2,722] 2,078] 423.6] 12,488] 10,003
Metalworking machinery 2,658) 2,622) 2,577/ +14] +17] +09) 2/554) 2;391] 2,829] 2.224] +148} 12,448] 11,054
Computer and office equipment . 6,024) 5,964] 6,420) +1.0] TY +63) 5,199} 4,808) 7,808 4,710) +10.4 27,454 23,861
Electronic and other
electrical equipment 18,747] 18,596] 18,756] +08) -0.9} +1.8) 18,435] 17,808] 19,793] 16,745] +10.1] 89,595] 81,959
Electrical transmission and
distribution equipment and
industrial apparatus 2,356] 2,411] 2,344] -23] +29) -1.8] 2,362] 2,417] 2,546] 2,333] +1.2] 11,790] 11,325
Household appliances . 1,588] 1,567] 1,618) +13] -3.2) +0.1] 1,637] 1,599] 1,753] 1.543] +61] 7,836] 7,236
Electric lighting and
wiring equipment 1,692} 1,657) 1,739] 42.1] -4.7] +4.6 1,682] 1,567] 1,837] 1,531] +99] 8,215] 7,450
Household audio and
video equipment 911] 907] 924] +04) -1.8) 40.7] 733728) «= 891} 749] 2.1} 3,924] 3,946
Communications equipment 3,751] 3,688] 3,710) +1.7] 0.6 +44) 3,645} 3,403] 4,006 3,204] +13.8] 17,338] 15,742
Electronic components 6,519] 6,431] 6,396] +14] +05] +051 6.552} 6.407} 6,674] 5,633] +163] 31,637] 27,984
‘Transportation equipment . . 34,190] 35,180] 36,264] -2.8] -3.0] +0.8) 36,821] 36,734] 38,785} 34,404] +7.0] 179,235] 161,845
Motor vehicles and parts . 22,236] 23,127} 23,760] -3.9] -2.7} +0.2) 25,084] 24,903] 25,347} 22,187] +13.1] 120,888] 98,656
Aircraft, missiles,
space vehicles, and parts. 9,656] 9,686] 10,002] -0.3] -3.2] +33] 9,366] 9,337] 10,764] 9,990] -6.2| 46,272] 51,956
Shipbuilding and tanks 945] 977] 1,000] -3.3] 23) -29) 928] 929) 1,039] 958) = -3.1]4,710| 4,887
Instruments and related products . 10,574] 10,510] 10,646] +0.6/ -1.3] +0.1) 10,477] 10,024] 11,291] 10,359] +1.1] 51,335] 51,522
Search and navigation equipmen 2,770] 2,673] 2,772) +3.6{ 3.5] -2.6] 2696) 2.413) 2978] 2,728] -1.2) 12,982] 13/514
Measuring and controlling devices 2,919) 2,863] 2,843) +20] +0.7} -2.1] 2,904) 2,773] 3,078] 2660] +9.2| 14,181] 13,826
Medical instruments and supplies. | 2,762 2,845] 2,926] -2.9} -2.8| +42) 2,715] 2,798 3,110] 2,831] 4.1 14,128) 14,269
Photographic goods --| 1,796] 1,797] 1,793] -0.1) 40.2) +26 1/828] 1,709] 1,798] 1,823] +03) 8414] 8,374
All other durable goods 14,375] 14,432] 14,663] -0.4) -1.6 1.7] 14,460] 14,564] 15,118] 13,239] +92) 71,267] 64,632
Nondurable goods industries 121,471] 122,351] 123,442) 0.7] -0.9|- +0.6 121,172] 120,351] 125,294] 118,658] +2.1| 599,083] 574,244
With unfilled orders . . 29,564] 29,370] 29,375] +0.7] 0.0) -0.2} 28,833] 29,101] 29,637] 28,234] +2.1] 144,134] 141,025
Food end kindred products 33,286] 34,148] 34,006] -2.5| +04] +1.2] 33,880] 33,389] 34,686] 33,651]  +0.7] 165,836] 160,447
Meat products . 7,834] 7,850/ 7,804] -0.2] +0. +1.0) 8,155] 7,715] 7,803) 7,898] +33] 38,501] 36,105
Dairy products 4,426] 4,520] 4.450] -2.1) +16] 40.7] 4,532] 4,469} 4.4831 4,508] +0.5] 21,704] 21,247
Beverages . s-s....f 48561 4,730] 4.7581 42.7] -0.6, -0.51 5,342] 4,740| 4,714] 5,258] +1.6| 23,287] 23,187
All other foods, except fats and oils | 14,493] 15,382) 15,274] -5.8} +0.7] +26 14,174] 14,799] 15,966] 14.416] -1.7] 73,865] 71,925
Tobacco products... . 2,686] 2,669] 2.946] +06 9.4) +3.4) 2,834! 1,873] 3,659] 2.461] +152] 12,494] 11,216
Textile mill products 5,843] 5,802] 5,750] +07] +091 -29] 5,806] 5,641] 5,890] 5,776] +0.5] 28,308] | 27,977
Broadwoven fabrics and
other textiles . . 3,634) 3,652] 3,620) -0.5] +09] -2.6] 3,685] 3,569} 3,743} 3,709) + -0.6] 18,021] 17,848
Paper and allied products. 10,891] 10,741] 10,844] +14! -0.9] +0.6 10,684] 10.564] 11,007] 10,692) 0.1] 53,568] 53,932
Pulp, paper, and .
paperboard mill products ...... 4,384) 4,386] 4,322! 0.0] +1.5] -0.3) 4,331) 4,315] 4,386] 4,404) -1.7] 21,675] 22,114
Paperboard containers and boxes 2,664] 2,684] 2,695] 0.7] 0.4) +15] 2,656] 2,691) 2,711) 2,715] -2.2| 13,211] 13,333
Miscellaneous converted
paper products . . 3,843] 3,671] 3,827] +47] 4.1) +1] 3,697} 3,558] 3,910] 3,573] 43.5] 18,682] 18,485
Chemicals and allied products 25,540] 25,971] 26,415] -1.7] -1.7] +1.3] 25,939] 26,958] 27,591] 25,567] +1.5} 131,103] 125,058
Industrial chemicals 13,254] 13,445} 13,577] -1.4] -1.0] -0.2} 13,440] 13,891] 14,020] 13,231) +1.6] 67,760] 64,352
Drugs, soaps, and toiletries... 9,276] 9,573] 9,864) -3.1] 3.0] +39] 8,627] 9,159] 10,154] 8.469] 41.9] 46,717] 43,994
Petroleum and coal products 13,060] 13,072} 13,331] -0.1] -1.9 +0.1 13,088] 12,589] 12,125] 13,250] 1.2] 61,548] 59,242
Rubber and plastics products 8,584) 8,523) 8,705] +0.7)  -2.1] -0.7] 8,762} 8,708] 9,021] 8,780] -0.2| 43,411] 43,364
All other nondurable goods 24,581] 21,425] 21,445] +07] 0.1] +0.5] 20,179] 20,629] 21,315 18,481] +92] 102,815] 93,008

* Preliminary. ‘ Revised.

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