Manufacturers' Shipments,

 Inventories, and Orders: May 2004 Issued July 2004

 M3-1(04)-05

 For Wire Transmission 10:00 a.m. E.D.T., July 2, 2004 Current 

 Industrial

 Reports

For data, call 301-763-4673. For inquiries, contact Chris Savage or Patrick Kent, Manufacturers' Shipments, Inventories and Orders Branch, Manufacturing and 

Construction Divison (MCD), Washington, DC 20233-6900 or call 301-763-4832.

The advance report on durable goods for June is scheduled for July 28, 2004 at 8:30 a.m. and the full report on August 4, 2004 at 10:00 a.m. 

For sale by the Superintendent of Documents, U.S. Government Printing Office, Washington DC, 20402 

Our Internet address is : http://www.census.gov/m3

Total Manufacturing Shipments

and Three Month Moving Average

300

320

340

360

380

May-02

Jul-02

Sep-02

Nov-02

Jan-03

Mar-03

May-03

Jul-03

Sep-03

Nov-03

Jan-04

Mar-04

May-04

300

320

340

360

380

 Shipments Average

Billions Of Dollars

Total Manufacturing Inventories

and Three Month Moving Average

420

440

460

480

500

May-02

Jul-02

Sep-02

Nov-02

Jan-03

Mar-03

May-03

Jul-03

Sep-03

Nov-03

Jan-04

Mar-04

May-04

420

440

460

480

500

 Inventories Average

Billions Of Dollars
 2

Figures in text, other than year-to-date, are in seasonally adjusted current dollars. Figures on new and unfilled orders exclude data

for semiconductor manufacturing.

Summary

New orders for manufactured goods in May decreased

$1.0 billion or 0.3 percent to $358.2 billion, the

Department of Commerce, Census Bureau reported today. 

This followed a 1.1 percent April decrease.

Shipments, up six of the last nine months, increased

$1.0 billion or 0.3 percent to $363.6 billion. This

followed a 0.1 percent April decrease and was at the

highest level since the series began in 1992. 

Unfilled orders, up nine of the last ten months,

increased $1.9 billion or 0.4 percent to $523.1 billion. 

This followed a 0.7 percent April increase. The unfilled

orders-to-shipments ratio was 3.97, up from 3.94 in April.

Inventories, up six consecutive months, increased $2.0

billion or 0.5 percent to $448.7 billion. This followed a

0.5 percent April increase. The inventories-to-shipments

ratio was unchanged at 1.23.

New Orders

New orders for manufactured durable goods in May

decreased $3.5 billion or 1.8 percent to $188.6 billion,

revised from the previously published $3.2 billion

decrease.

Transportation equipment, down for the second

consecutive month, had the largest decrease, $1.6 billion

or 2.9 percent to $52.7 billion. Fabricated metal products,

also down for the second consecutive month, decreased

$1.4 billion or 5.7 percent to $22.6 billion. 

New orders for manufactured nondurable goods,

increased $2.5 billion or 1.5 percent to $169.6 billion.

Shipments

Shipments of manufactured durable goods in May,

decreased for the second consecutive month, $1.5 billion

or 0.8 percent to $194.0 billion, revised from the

previously published $1.4 billion decrease.

Computers and electronic products had the largest

decrease, $0.7 billion or 1.8 percent to $38.0 billion. 

Machinery decreased $0.7 billion or 2.8 percent to $23.2

billion.

Shipments of manufactured nondurable goods, up

eight of the last nine months, increased $2.5 billion or

1.5 percent to $169.6 billion. Petroleum and coal

products had the largest increase, $1.4 billion or 5.6

percent to $27.3 billion.

Unfilled Orders

Unfilled orders of manufactured durable goods in

May, up nine of the last ten months, increased $1.9

billion or 0.4 percent to $523.1 billion, revised from the

previously published $2.3 billion increase.

Computers and electronic products had the largest

increase, $0.8 billion or 0.6 percent to $134.2 billion,

due to electronic components. Machinery increased

$0.7 billion or 1.4 percent to $47.8 billion.

Inventories

Inventories of manufactured durable goods in May,

up six consecutive months, increased $1.2 billion or 0.4

percent to $268.4 billion, revised from the previously

published $1.1 billion increase.

Machinery, up six consecutive months, had the

largest increase, $0.5 billion or 1.2 percent to $43.2

billion.

Inventories of manufactured nondurable goods, up

five consecutive months, increased $0.8 billion or 0.5

percent to $180.3 billion. Petroleum and coal products,

up five of the last six months, had the largest increase,

$0.2 billion or 1.4 percent to $16.6 billion. Basic

chemicals up five consecutive months, increased $0.2

billion or 0.4 percent to $55.5 billion. Basic chemicals

was at the highest level since the series began in 1992.

By stage of fabrication, May materials and supplies

increased 0.5 percent in durable goods and decreased

0.2 percent in nondurable goods. Work in process

increased slightly in durable goods and decreased 2.8

percent in nondurable goods. Finished goods increased

1.0 percent in durable goods and 2.1 percent in

nondurable goods.

SEE BACK PAGE FOR SURVEY DESCRIPTION

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

For data, call 301-763-4673. For inquiries, contact Chris Savage or Patrick Kent, Manufacturers’ Shipments, Inventories, and Orders Branch,

Manufacturing and Construction Division (MCD), Washington, DC 20233-6900, or call 301-763-4832.

The advance report on durable goods for June is scheduled for July 28, 2004 at 8:30 A.M. EDT and the full report on August 4, 2004 at 10:00

A.M. EDT. For sale by the Superintendent of Documents, U.S. Government Printing Office, Washington, DC 20402.
 3 

Table 1. Value of Manufacturers' Shipments for Industry Groups

[Millions of Dollars]

Seasonally Adjusted Not Seasonally Adjusted 1

Monthly Percent Change Monthly

Industry Percent

May Apr. Mar. Apr. - Mar. - Feb. - May Apr. Mar. May 2004/

2004p 2004r 2004 May Apr. Mar. 2004p 2004r 2004 2003 2004p 2003 2003

 All manufacturing industries .................. 363,570 362,569 362,925 0.3 -0.1 4.2 366,406 360,275 390,300 330,134 1,774,637 1,611,192 10.1

 Excluding transportation ................... 310,115 309,022 306,761 0.4 0.7 4.8 311,455 306,336 325,886 277,468 1,498,560 1,354,203 10.7

 Excluding defense .............................. 353,764 353,143 353,069 0.2 0.0 4.7 356,655 351,325 379,535 321,433 1,726,821 1,569,458 10.0

 With unfilled orders ........................... 131,629 132,384 132,873 -0.6 -0.4 4.2 132,393 130,738 146,469 119,985 646,888 586,752 10.2

 Durable goods industries ........................ 193,968 195,512 197,139 -0.8 -0.8 4.4 194,587 193,518 218,053 177,433 956,409 864,428 10.6

 Wood products................................. ...... 9,493 9,512 9,112 -0.2 4.4 8.1 9,828 9,704 9,126 7,609 43,383 34,913 24.3

 Nonmetallic mineral products................... 7,485 7,644 7,804 -2.1 -2.1 10.6 7,676 7,808 7,667 7,546 35,918 34,720 3.5

 Primary metals............................ .......... 13,303 13,248 13,314 0.4 -0.5 10.5 13,807 13,761 14,270 11,326 65,662 56,133 17.0

 Iron and steel mills............................ 6,202 6,043 5,882 2.6 2.7 11.7 6,453 6,289 6,366 5,197 29,624 25,932 14.2

 Aluminum and nonferrous metals......... 5,617 5,681 5,866 -1.1 -3.2 8.2 5,793 5,876 6,209 4,780 28,535 23,658 20.6

 Ferrous metal foundries...................... 1,484 1,524 1,566 -2.6 -2.7 14.7 1,561 1,596 1,695 1,349 7,503 6,543 14.7

 Fabricated metal products...................... 22,588 22,612 22,771 -0.1 -0.7 10.8 22,936 22,559 23,793 20,803 108,813 100,952 7.8

 Machinery............................................. 23,227 23,904 23,917 -2.8 -0.1 6.2 24,142 25,278 27,286 21,730 117,904 104,357 13.0

 Farm machinery................................. 1,700 1,738 1,645 -2.2 5.7 7.5 1,853 2,187 2,119 1,441 9,184 7,746 18.6

 Construction machinery..................... 2,244 2,233 2,159 0.5 3.4 1.8 2,508 2,533 2,659 1,916 11,649 8,656 34.6

 Mining, oil field, and 

 gas field machinery......................... 825 824 801 0.1 2.9 8.2 818 798 889 688 3,984 3,429 16.2

 Industrial machinery.......................... 2,993 3,132 3,485 -4.4 -10.1 15.3 2,846 3,315 4,019 2,872 15,534 14,040 10.6

 Photographic equipment...................... 922 962 917 -4.2 4.9 3.1 881 884 963 778 4,248 3,658 16.1

 Ventilation, heating, air-conditioning,

 and refrigeration equipment............ 2,729 2,748 2,770 -0.7 -0.8 5.6 2,942 2,702 3,038 2,652 13,136 11,925 10.2

 Metalworking machinery..................... 1,849 1,961 2,034 -5.7 -3.6 5.6 1,788 1,848 2,174 1,679 9,141 8,347 9.5

 Turbines, generators, and other

 power transmission equipment....... 2,989 3,100 3,073 -3.6 0.9 4.9 3,186 3,152 3,377 2,847 15,236 13,394 13.8

 Material handling equipment............... 1,478 1,476 1,521 0.1 -3.0 9.7 1,415 1,501 1,766 1,301 7,400 6,642 11.4

 Computers and electronic products ......... 38,049 38,766 37,836 -1.8 2.5 1.7 35,519 35,041 43,078 31,305 180,938 156,369 15.7

 Computers........................................ 5,252 6,246 5,207 -15.9 20.0 -1.6 4,370 5,780 5,620 3,861 25,646 20,672 24.1

 Computer storage devices................... 1,204 1,234 1,501 -2.4 -17.8 16.0 954 853 2,339 990 5,849 5,151 13.6

 Other peripheral equipment................ 1,644 1,588 1,558 3.5 1.9 -1.5 1,351 1,288 1,922 1,265 7,006 6,517 7.5

 Nondefense communications

 equipment.................................... 6,510 6,592 6,241 -1.2 5.6 0.7 6,223 5,863 7,349 5,073 30,282 25,977 16.6

 Defense communications equipment... 486 476 480 2.1 -0.8 -3.6 535 463 521 481 2,531 2,039 24.1

 Audio and video equipment.................. 680 706 663 -3.7 6.5 8.7 588 572 664 588 2,952 3,002 -1.7

 Semiconductors ................................. 7,293 7,071 6,829 3.1 3.5 1.5 6,873 6,564 7,281 5,618 33,564 27,751 20.9

 Electronic components........................ 4,410 4,445 4,352 -0.8 2.1 -0.4 4,392 4,071 4,458 4,052 21,221 19,623 8.1

 Nondefense search and navigation

 equipment..................................... 940 908 919 3.5 -1.2 6.0 942 829 992 851 4,354 4,010 8.6

 Defense search and navigation

 equipment..................................... 2,735 2,585 2,458 5.8 5.2 -3.8 2,715 2,545 2,732 2,294 12,596 11,342 11.1

 Electromedical, measuring,

 and control instruments................. 6,369 6,323 7,064 0.7 -10.5 5.8 6,097 5,706 8,595 5,742 32,363 27,980 15.7

 Electrical equipment, appliances, 

 and components................................... 8,765 8,806 8,630 -0.5 2.0 2.0 8,775 8,563 9,447 8,361 42,161 40,688 3.6

 Electric lighting equipment................... 1,074 1,091 1,110 -1.6 -1.7 5.7 1,057 1,021 1,223 1,029 5,233 5,084 2.9

 Household appliances........................ 1,996 1,949 1,945 2.4 0.2 -0.5 2,024 1,905 2,132 1,974 9,512 9,242 2.9

 Electrical equipment............................ 2,628 2,667 2,562 -1.5 4.1 1.1 2,621 2,537 2,942 2,413 12,571 11,929 5.4

 Batteries........................................... 484 490 488 -1.2 0.4 0.0 458 444 487 415 2,230 2,071 7.7

 Transportation equipment...................... 53,455 53,547 56,164 -0.2 -4.7 1.3 54,951 53,939 64,414 52,666 276,077 256,989 7.4

 Automobiles..................................... 7,313 7,491 7,978 -2.4 -6.1 2.8 7,578 7,576 9,369 7,622 39,342 36,996 6.3

 Light trucks and utility vehicles............ 10,977 11,569 12,273 -5.1 -5.7 2.3 11,179 11,783 14,721 11,016 60,184 54,060 11.3

 Heavy duty trucks ............................. 1,156 1,196 1,169 -3.3 2.3 3.5 1,213 1,236 1,222 1,146 5,793 5,187 11.7

 Motor vehicle bodies, parts, 

 and trailers.................................... 18,180 18,349 19,001 -0.9 -3.4 5.6 18,974 19,579 21,091 18,684 95,338 92,119 3.5

 Nondefense aircraft and parts.............. 6,242 5,487 5,880 13.8 -6.7 4.3 6,242 4,801 7,219 5,187 27,793 26,490 4.9

 Defense aircraft and parts.................. 3,686 3,514 3,958 4.9 -11.2 -18.7 3,541 3,230 4,232 3,119 18,380 15,017 22.4

 Ships and boats................................. 2,404 2,402 2,337 0.1 2.8 5.5 2,704 2,487 2,549 2,292 11,835 10,307 14.8

 Furniture and related products................. 6,291 6,192 5,940 1.6 4.2 0.2 6,125 6,092 6,159 5,694 30,367 28,033 8.3

 Miscellaneous durable goods................. 11,312 11,281 11,651 0.3 -3.2 4.3 10,828 10,773 12,813 10,393 55,186 51,274 7.6

 Nondurable goods industries................... 169,602 167,057 165,786 1.5 0.8 4.0 171,819 166,757 172,247 152,701 818,228 746,764 9.6

 Food products....................................... 40,541 40,192 39,063 0.9 2.9 2.5 40,115 39,190 39,814 37,515 193,395 184,827 4.6

 Grain and oilseed milling..................... 3,477 3,506 3,492 -0.8 0.4 6.6 3,480 3,382 3,577 4,186 17,286 20,154 -14.2

 Dairy products.................................. 6,881 6,588 6,382 4.4 3.2 10.3 7,012 6,477 6,509 5,416 31,010 25,773 20.3

 Meat, poultry, and seafood products... 11,478 11,403 10,811 0.7 5.5 -2.2 11,844 11,239 10,554 11,208 55,544 54,229 2.4

 Beverage and tobacco products............... 8,924 8,927 9,288 0.0 -3.9 9.5 9,548 8,941 9,373 9,427 43,690 43,198 1.1

 Beverages......................................... 5,963 5,857 5,824 1.8 0.6 1.7 6,587 5,871 5,909 6,253 28,870 27,842 3.7

 Tobacco............................................ 2,961 3,070 3,464 -3.6 -11.4 25.5 2,961 3,070 3,464 3,174 14,820 15,356 -3.5

 Textile mills........................................... 3,482 3,431 3,392 1.5 1.1 0.4 3,552 3,463 3,593 3,208 17,126 16,555 3.4

 Textile products................................... 3,117 3,100 3,165 0.5 -2.1 -0.8 3,161 3,152 3,278 2,887 15,592 13,892 12.2

 Apparel................................................ 4,811 4,749 4,715 1.3 0.7 2.5 4,370 4,414 4,873 3,871 22,483 20,862 7.8

 Leather and allied products..................... 871 878 879 -0.8 -0.1 0.0 822 813 881 851 4,173 4,395 -5.1

 Paper products...................................... 13,995 14,018 13,868 -0.2 1.1 3.0 13,909 13,817 14,264 13,353 69,043 65,371 5.6

 Pulp, paper, and paperboard mills....... 5,907 5,872 5,830 0.6 0.7 2.1 5,824 5,786 6,048 5,690 29,027 28,814 0.7

 Paperboard containers........................ 3,665 3,755 3,654 -2.4 2.8 3.0 3,695 3,810 3,747 3,756 18,273 18,215 0.3

 Printing................................................. 7,885 7,835 7,899 0.6 -0.8 1.3 7,693 7,636 8,157 7,779 38,135 39,111 -2.5

 Petroleum and coal products.................. 27,317 25,871 25,974 5.6 -0.4 6.4 29,093 26,485 25,371 19,984 126,409 95,714 32.1

 Petroleum refineries.......................... 25,106 23,751 23,988 5.7 -1.0 6.6 26,766 24,383 23,479 18,157 117,069 88,179 32.8

 Basic chemicals...................................... 42,070 41,372 40,969 1.7 1.0 4.1 42,352 41,562 44,795 37,822 205,315 186,342 10.2

 Pesticides, fertilizers, and other

 agricultural chemicals..................... 1,667 1,613 1,634 3.3 -1.3 0.7 2,290 2,474 2,425 2,070 10,097 9,132 10.6

 Pharmaceuticals and medicines............ 9,884 9,665 9,455 2.3 2.2 2.0 9,635 9,215 10,059 9,234 47,256 47,904 -1.4

 Paints, coatings, and adhesives.......... 2,619 2,690 2,830 -2.6 -4.9 20.5 2,843 2,838 2,896 2,542 12,913 11,718 10.2

 Plastics and rubber products.................. 16,589 16,684 16,574 -0.6 0.7 5.5 17,204 17,284 17,848 16,004 82,867 76,497 8.3

p Preliminary r

 Revised NA Not available.

1

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

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

Year to date
 4

Table 2. Value of Manufacturers' New Orders for Industry Groups

[Millions of Dollars]

Seasonally Adjusted Not Seasonally Adjusted 1

Monthly Percent Change Monthly

Industry Percent

May Apr. Mar. Apr. - Mar. - Feb. - May Apr. Mar. May 2004/

2004p 2004r 2004 May Apr. Mar. 2004p 2004r 2004 2003 2004p 2003 2003

All manufacturing industries 2................... 358,163 359,124 363,146 -0.3 -1.1 5.0 359,966 357,653 392,335 323,336 1,769,025 1,594,971 10.9

 Excluding transportation 2

................... 305,477 304,847 305,899 0.2 -0.3 5.2 307,415 303,598 324,956 271,468 1,491,283 1,333,373 11.8

 Excluding defense 2

............................. 349,683 349,805 352,540 0.0 -0.8 5.4 353,491 348,341 378,090 315,180 1,717,286 1,544,046 11.2

 With unfilled orders 2

.......................... 133,515 136,010 139,923 -1.8 -2.8 6.1 132,826 134,680 155,785 118,805 674,840 598,282 12.8

 Durable goods industries 2........................ 188,561 192,067 197,360 -1.8 -2.7 5.9 188,147 190,896 220,088 170,635 950,797 848,207 12.1

 Primary metals............................ ............ 13,813 13,337 13,946 3.6 -4.4 9.4 14,240 13,557 15,150 11,056 68,948 55,899 23.3

 Iron and steel mills.............................. 6,479 6,206 6,275 4.4 -1.1 12.9 6,768 6,233 6,909 5,206 31,403 25,707 22.2

 Aluminum and nonferrous metals......... 5,728 5,626 6,069 1.8 -7.3 5.4 5,824 5,777 6,512 4,563 29,723 23,607 25.9

 Ferrous metal foundries...................... 1,606 1,505 1,602 6.7 -6.1 11.5 1,648 1,547 1,729 1,287 7,822 6,585 18.8

 Fabricated metal products...................... 22,609 23,963 24,228 -5.7 -1.1 10.5 23,564 24,064 25,398 21,215 116,076 100,944 15.0

 Machinery............................................. 23,890 24,192 25,216 -1.2 -4.1 5.5 24,691 25,940 28,771 20,652 123,940 104,543 18.6

 Construction machinery....................... 2,214 2,337 2,420 -5.3 -3.4 -22.8 2,327 2,825 2,992 1,949 13,471 8,848 52.2

 Mining, oil field, and

 gas field machinery......................... 899 882 906 1.9 -2.6 5.2 892 856 994 659 4,357 3,315 31.4

 Industrial machinery............................ 3,127 2,896 3,518 8.0 -17.7 13.6 3,017 3,209 4,016 2,721 16,504 14,829 11.3

 Photographic equipment...................... 914 969 949 -5.7 2.1 1.9 864 910 1,014 769 4,378 3,821 14.6

 Ventilation, heating, air-conditioning,

 and refrigeration equipment............ 2,866 2,862 2,851 0.1 0.4 3.6 3,137 2,955 3,131 2,692 13,891 12,379 12.2

 Metalworking machinery....................... 1,927 2,077 2,202 -7.2 -5.7 11.3 1,861 1,939 2,342 1,666 9,740 8,323 17.0

 Turbines, generators, and other 

 power transmission equipment.......... 3,116 3,160 3,734 -1.4 -15.4 30.4 3,378 3,207 3,910 2,341 16,004 11,514 39.0

 Material handling equipment............... 1,564 1,559 1,459 0.3 6.9 8.1 1,424 1,523 1,797 1,108 7,485 6,657 12.4

 Computers and electronic products 2...... 31,586 32,443 33,062 -2.6 -1.9 4.3 29,034 29,707 37,784 26,237 154,307 134,540 14.7

 Computers........................................ 5,469 5,793 4,959 -5.6 16.8 -5.1 5,117 5,133 5,370 4,883 24,973 21,377 16.8

 Nondefense communications

 equipment...................................... 6,279 7,490 6,097 -16.2 22.8 -7.1 5,830 7,501 7,229 5,511 32,512 31,710 2.5

 Defense communications equipment... 376 397 464 -5.3 -14.4 -18.7 425 384 505 468 2,496 2,199 13.5

 Semiconductors 2................................ (NA) (NA) (NA) (NA) (NA) (NA) (NA) (NA) (NA) (NA) (NA) (NA) (NA)

 Electronic components........................ 4,969 4,679 4,677 6.2 0.0 -2.4 4,834 4,195 4,535 3,948 22,675 17,508 29.5

 Nondefense search and navigation

 equipment..................................... 1,047 1,002 952 4.5 5.3 23.2 1,076 874 1,070 981 4,586 4,224 8.6

 Defense search and navigation

 equipment...................................... 2,923 2,748 2,784 6.4 -1.3 -12.1 2,197 2,655 3,486 1,416 14,660 12,034 21.8

 Electromedical, measuring,

 and control instruments.................... 6,469 6,214 8,843 4.1 -29.7 33.9 6,183 5,745 10,059 5,697 34,024 28,513 19.3

 Electrical equipment, appliances, 

 and components................................... 9,003 9,383 8,958 -4.0 4.7 1.5 9,082 9,181 9,643 8,193 44,095 40,823 8.0

 Electric lighting equipment................... 1,149 1,360 1,186 -15.5 14.7 6.6 1,201 1,279 1,292 1,024 5,732 5,070 13.1

 Household appliances.......................... 2,045 2,010 2,035 1.7 -1.2 4.3 2,073 1,949 2,187 1,861 9,632 9,452 1.9

 Electrical equipment............................ 2,707 2,922 2,626 -7.4 11.3 2.9 2,752 2,890 2,924 2,472 13,333 12,251 8.8

 Transportation equipment........................ 52,686 54,277 57,247 -2.9 -5.2 4.1 52,551 54,055 67,379 51,868 277,742 261,598 6.2

 Motor vehicle bodies, parts, 

 and trailers..................................... 18,554 18,756 19,149 -1.1 -2.1 4.7 19,055 19,702 21,168 18,194 96,517 91,945 5.0

 Nondefense aircraft and parts.............. 6,294 5,889 6,387 6.9 -7.8 16.1 6,231 4,360 7,413 4,214 26,899 21,183 27.0

 Defense aircraft and parts................... 2,584 2,295 2,541 12.6 -9.7 -29.8 1,912 2,610 4,205 4,484 15,106 21,261 -28.9

 Ships and boats.................................. 2,194 1,971 1,983 11.3 -0.6 -24.9 2,120 1,981 2,064 1,868 11,846 9,084 30.4

 Furniture and related products................. 6,352 6,281 6,113 1.1 2.7 1.5 6,321 6,353 6,334 5,808 31,276 28,486 9.8

 Nondurable goods industries.................. 169,602 167,057 165,786 1.5 0.8 4.0 171,819 166,757 172,247 152,701 818,228 746,764 9.6

p

 Preliminary r Revised NA Not available.

1

 New orders are the totals for the period and are adjusted for trading-day and calendar-month variations. 2

 Data on new orders are not available for the semiconductor industry. Estimates and percent changes for new orders exclude semiconductor industry data. 

Note: Estimates of manufacturers' shipments, inventories and orders are subject to survey error and revision. One major component of survey error is nonsampling

error, which includes errors of coverage, response, and nonreporting. Since the survey panel is not a probability sample, estimates of sampling error cannot be

calculated. Further details on survey design, methodology, and data limitations are contained in our most recent annual benchmark publication,

Current Industrial Reports: M3-1(02), "Manufacturers' Shipments, Inventories, and Orders: 1992-2002."

Year to date
 5 

Table 3. Value of Manufacturers' Unfilled Orders for Industry Groups

[Millions of Dollars]

Seasonally Adjusted Not Seasonally Adjusted

Monthly Percent Change Monthly Percent

Industry Change

May Apr. Mar. Apr. - Mar. - Feb. - May Apr. Mar. May May

2004p 2004r 2004 May Apr. Mar. 2004p 2004r 2004 2003 04/03

All manufacturing industries 1................... 523,097 521,211 517,585 0.4 0.7 1.4 530,368 529,935 525,993 492,209 7.8

 Excluding transportation 1................... 272,551 269,896 267,000 1.0 1.1 2.3 277,422 274,589 270,763 243,184 14.1

 Excluding defense 1

............................. 364,236 361,024 357,291 0.9 1.0 1.8 368,488 364,779 361,199 338,473 8.9

 Durable goods industries 1

........................ 523,097 521,211 517,585 0.4 0.7 1.4 530,368 529,935 525,993 492,209 7.8

 Primary metals........................................ 18,772 18,262 18,173 2.8 0.5 3.6 19,288 18,855 19,059 14,225 35.6

 Iron and steel mills.............................. 10,722 10,445 10,282 2.7 1.6 4.0 11,046 10,731 10,787 7,575 45.8

 Aluminum and nonferrous metals......... 5,448 5,337 5,392 2.1 -1.0 3.9 5,606 5,575 5,674 4,430 26.5

 Ferrous metal foundries...................... 2,602 2,480 2,499 4.9 -0.8 1.5 2,636 2,549 2,598 2,220 18.7

 Fabricated metal products...................... 44,275 44,254 42,903 0.0 3.1 3.5 45,284 44,656 43,151 36,892 22.7

 Machinery.............................................. 47,811 47,148 46,860 1.4 0.6 2.9 48,918 48,369 47,707 42,606 14.8

 Construction machinery....................... 4,203 4,233 4,129 -0.7 2.5 6.7 4,528 4,709 4,417 2,201 105.7

 Mining, oil field, and

 gas field machinery......................... 1,435 1,361 1,303 5.4 4.5 8.8 1,435 1,361 1,303 784 83.0

 Industrial machinery............................ 8,022 7,888 8,124 1.7 -2.9 0.4 8,308 8,137 8,243 8,261 0.6

 Photographic equipment...................... 940 948 941 -0.8 0.7 3.5 957 974 948 717 33.5

 Ventilation, heating, air-conditioning,

 and refrigeration equipment............ 4,779 4,642 4,528 3.0 2.5 1.8 5,002 4,807 4,554 4,450 12.4

 Metalworking machinery....................... 4,523 4,445 4,329 1.8 2.7 4.0 4,559 4,486 4,395 3,619 26.0

 Turbines, generators, and other 

 power transmission equipment.......... 10,080 9,953 9,893 1.3 0.6 7.2 10,106 9,914 9,859 8,850 14.2

 Material handling equipment............... 4,894 4,808 4,725 1.8 1.8 -1.3 4,946 4,937 4,915 4,904 0.9

 Computers and electronic products 1...... 134,192 133,362 132,614 0.6 0.6 1.6 136,089 135,701 134,471 124,739 9.1

 Computers......................................... 7,836 7,619 8,072 2.8 -5.6 -3.0 8,132 7,385 8,032 8,829 -7.9

 Nondefense communications

 equipment...................................... 47,434 47,665 46,767 -0.5 1.9 -0.3 48,610 49,003 47,365 47,538 2.3

 Defense communications equipment... 3,354 3,464 3,543 -3.2 -2.2 -0.4 3,354 3,464 3,543 3,102 8.1

 Semiconductors 1................................ (NA) (NA) (NA) (NA) (NA) (NA) (NA) (NA) (NA) (NA) (NA)

 Electronic components.......................... 15,566 15,007 14,773 3.7 1.6 2.2 15,383 14,941 14,817 13,369 15.1

 Nondefense search and navigation

 equipment..................................... 4,761 4,654 4,560 2.3 2.1 0.7 4,813 4,679 4,634 4,703 2.3

 Defense search and navigation

 equipment...................................... 37,747 37,559 37,396 0.5 0.4 0.9 38,138 38,656 38,546 34,326 11.1

 Electromedical, measuring,

 and control instruments.................... 17,494 17,394 17,503 0.6 -0.6 11.3 17,659 17,573 17,534 12,872 37.2

 Electrical equipment, appliances, 

 and components................................... 15,153 14,915 14,338 1.6 4.0 2.3 15,349 15,042 14,424 13,927 10.2

 Electric lighting equipment................... 1,702 1,627 1,358 4.6 19.8 5.9 1,756 1,612 1,354 1,441 21.9

 Household appliances.......................... 865 816 755 6.0 8.1 13.5 887 838 794 1,109 -20.0

 Electrical equipment............................ 8,914 8,835 8,580 0.9 3.0 0.8 9,035 8,904 8,551 8,393 7.6

 Transportation equipment........................ 250,546 251,315 250,585 -0.3 0.3 0.4 252,946 255,346 255,230 249,025 1.6

 Motor vehicle bodies, parts, 

 and trailers..................................... 14,719 14,345 13,938 2.6 2.9 1.1 14,799 14,718 14,595 11,959 23.7

 Nondefense aircraft and parts.............. 104,414 104,362 103,960 0.0 0.4 0.5 104,177 104,188 104,629 106,187 -1.9

 Defense aircraft and parts................... 56,037 57,139 58,358 -1.9 -2.1 -2.4 57,496 59,125 59,745 62,208 -7.6

 Ships and boats.................................. 20,273 20,483 20,914 -1.0 -2.1 -1.7 20,472 21,056 21,562 19,425 5.4

 Furniture and related products................. 6,119 6,058 5,969 1.0 1.5 3.0 6,265 6,069 5,808 5,707 9.8

p

 Preliminary r Revised NA Not available.

1

 Data on new orders are not available for the semiconductor industry. Estimates and percent changes for new orders exclude semiconductor industry data. 

See note at end of Table 2 relating to survey error and revision.
 6

Table 4. Value of Manufacturers' Inventories for Industry Groups

[Millions of Dollars]

Seasonally Adjusted Not Seasonally Adjusted

Monthly Percent Change Monthly Percent

Industry Change

May Apr. Mar. Apr. - Mar. - Feb. - May Apr. Mar. May May

2004p 2004r 2004 May Apr. Mar. 2004p 2004r 2004 2003 04/03

 All manufacturing industries..................... 448,717 446,699 444,579 0.5 0.5 0.4 453,297 449,025 443,371 446,790 1.5

 Excluding transportation...................... 380,584 378,369 376,591 0.6 0.5 0.5 384,672 380,463 376,069 377,871 1.8

 Excluding defense............................. 424,420 422,491 420,261 0.5 0.5 0.4 428,925 424,818 419,403 424,137 1.1

 With unfilled orders............................. 209,299 208,497 207,022 0.4 0.7 0.4 211,623 209,626 206,055 212,806 -0.6

 Durable goods industries........................ 268,393 267,206 265,607 0.4 0.6 0.4 271,728 269,079 264,981 270,686 0.4

 Wood products........................................ 10,189 10,161 10,040 0.3 1.2 2.0 10,205 10,306 10,355 9,496 7.5

 Nonmetallic mineral products................... 9,226 9,178 9,212 0.5 -0.4 -0.9 9,423 9,362 9,425 10,044 -6.2

 Primary metals........................................ 18,526 18,342 18,053 1.0 1.6 1.7 18,524 18,276 17,951 18,717 -1.0

 Iron and steel mills.............................. 9,854 9,655 9,451 2.1 2.2 2.1 9,821 9,555 9,304 10,609 -7.4

 Aluminum and nonferrous metals......... 6,938 7,001 6,918 -0.9 1.2 2.0 6,907 6,975 6,900 6,347 8.8

 Ferrous metal foundries...................... 1,734 1,686 1,684 2.8 0.1 -1.3 1,796 1,746 1,747 1,761 2.0

 Fabricated metal products......................... 32,306 31,929 31,436 1.2 1.6 0.2 32,624 32,191 31,882 31,803 2.6

 Machinery.............................................. 43,162 42,632 42,498 1.2 0.3 0.8 43,573 42,949 42,788 42,625 2.2

 Farm machinery.................................. 2,343 2,310 2,334 1.4 -1.0 0.3 2,357 2,346 2,463 2,183 8.0

 Construction machinery........................ 3,853 3,786 3,768 1.8 0.5 0.2 3,865 3,838 3,873 3,461 11.7

 Mining, oil field, 

 and gas field machinery.................. 2,384 2,350 2,299 1.4 2.2 1.2 2,429 2,363 2,288 2,303 5.5

 Industrial machinery............................ 6,924 6,778 6,800 2.2 -0.3 0.1 7,088 6,790 6,803 6,939 2.1

 Photographic equipment...................... 1,408 1,385 1,392 1.7 -0.5 -0.3 1,447 1,404 1,383 1,467 -1.4

 Ventilation, heating, air-conditioning,

 and refrigeration equipment............ 4,204 4,230 4,273 -0.6 -1.0 1.3 4,325 4,400 4,332 4,163 3.9

 Metalworking machinery....................... 4,401 4,405 4,442 -0.1 -0.8 2.2 4,436 4,382 4,380 4,547 -2.4

 Turbines, generators, and other

 power transmission equipment.......... 4,507 4,428 4,314 1.8 2.6 1.1 4,468 4,369 4,217 4,179 6.9

 Material handling equipment............... 2,311 2,329 2,290 -0.8 1.7 1.4 2,340 2,356 2,308 2,355 -0.6

 Computers and electronic products......... 47,294 47,411 47,195 -0.2 0.5 0.8 48,349 47,769 46,126 49,229 -1.8

 Computers......................................... 2,279 2,273 2,463 0.3 -7.7 2.0 2,413 2,182 2,389 2,724 -11.4

 Computer storage devices................... 1,173 1,192 1,197 -1.6 -0.4 -0.6 1,313 1,256 1,107 1,339 -1.9

 Other peripheral equipment................ 2,337 2,312 2,225 1.1 3.9 -4.4 2,400 2,323 2,113 2,466 -2.7

 Nondefense communications

 equipment...................................... 9,381 9,421 9,261 -0.4 1.7 0.2 9,609 9,477 9,013 10,605 -9.4

 Defense communications equipment...... 1,342 1,345 1,306 -0.2 3.0 1.8 1,342 1,345 1,306 1,263 6.3

 Audio and video equipment.................. 880 892 905 -1.3 -1.4 0.7 821 827 772 948 -13.4

 Semiconductors1

................................ (NA) (NA) (NA) (NA) (NA) (NA) (NA) (NA) (NA) (NA) (NA)

 Electronic components.......................... 7,669 7,839 7,739 -2.2 1.3 2.2 7,850 7,979 7,570 7,885 -0.4

 Nondefense search and navigation

 equipment...................................... 2,448 2,448 2,476 0.0 -1.1 0.1 2,455 2,471 2,450 2,644 -7.1

 Defense search and navigation

 equipment...................................... 2,837 2,837 2,846 0.0 -0.3 0.3 2,863 2,865 2,785 2,932 -2.4

 Electromedical, measuring 

 and control instruments.................... 10,147 10,178 10,111 -0.3 0.7 0.2 10,244 10,241 9,977 10,343 -1.0

 Electrical equipment, appliances, 

 and components................................... 12,342 12,310 12,335 0.3 -0.2 0.5 12,799 12,704 12,535 12,986 -1.4

 Electric lighting equipment................... 1,410 1,411 1,405 -0.1 0.4 0.8 1,456 1,427 1,404 1,547 -5.9

 Household appliances.......................... 2,193 2,169 2,143 1.1 1.2 0.0 2,363 2,320 2,199 2,201 7.4

 Electrical equipment............................ 4,270 4,279 4,306 -0.2 -0.6 1.4 4,352 4,392 4,351 4,144 5.0

 Batteries............................................ 603 594 595 1.5 -0.2 3.3 634 605 592 587 8.0

 Transportation equipment...................... 68,133 68,330 67,988 -0.3 0.5 -0.2 68,625 68,562 67,302 68,919 -0.4

 Automobiles....................................... 2,068 2,018 1,963 2.5 2.8 -0.3 2,148 2,068 1,943 2,013 6.7

 Light trucks and utility vehicles............ 2,405 2,531 2,467 -5.0 2.6 2.7 2,473 2,611 2,402 2,216 11.6

 Heavy duty trucks .............................. 785 779 774 0.8 0.6 3.2 784 758 766 730 7.4

 Motor vehicle bodies, parts, 

 and trailers..................................... 15,888 15,803 15,855 0.5 -0.3 0.2 15,912 15,864 15,956 15,588 2.1

 Nondefense aircraft and parts.............. 23,522 23,793 23,610 -1.1 0.8 -1.3 23,756 23,841 23,225 26,524 -10.4

 Defense aircraft and parts..................... 11,480 11,595 11,625 -1.0 -0.3 1.1 11,460 11,542 11,409 10,486 9.3

 Ships and boats.................................. 3,247 3,102 3,157 4.7 -1.7 -1.2 3,261 3,139 3,176 2,659 22.6

 Furniture and related products................. 7,958 7,846 7,625 1.4 2.9 0.5 8,096 7,826 7,492 7,955 1.8

 Miscellaneous durable goods.................... 19,257 19,067 19,225 1.0 -0.8 -0.3 19,510 19,134 19,125 18,912 3.2

 Nondurable goods industries................... 180,324 179,493 178,972 0.5 0.3 0.4 181,569 179,946 178,390 176,104 3.1

 Food products........................................ 33,628 33,466 33,405 0.5 0.2 0.9 32,707 32,559 32,845 32,223 1.5

 Grain and oilseed milling..................... 3,281 3,320 3,406 -1.2 -2.5 -0.1 3,009 3,250 3,490 3,307 -9.0

 Dairy products.................................... 4,109 3,896 3,729 5.5 4.5 2.5 4,282 4,020 3,730 3,735 14.6

 Meat, poultry, and seafood products...... 6,231 6,218 6,200 0.2 0.3 1.6 6,268 6,245 6,250 6,018 4.2

 Beverage and tobacco products............... 14,575 14,689 14,701 -0.8 -0.1 -0.5 14,324 14,668 14,711 14,316 0.1

 Beverages......................................... 9,940 10,085 10,148 -1.4 -0.6 0.2 9,883 10,141 10,149 9,628 2.6

 Tobacco........................................... 4,635 4,604 4,553 0.7 1.1 -1.8 4,441 4,527 4,562 4,688 -5.3

 Textile mills........................................... 4,872 4,877 4,908 -0.1 -0.6 -0.4 5,027 4,979 4,900 5,256 -4.4

 Textile products...................................... 5,099 5,097 5,100 0.0 -0.1 0.1 5,238 5,200 5,079 5,158 1.6

 Apparel................................................. 6,858 6,877 6,899 -0.3 -0.3 0.1 6,943 6,792 6,724 7,388 -6.0

 Leather and allied products..................... 1,632 1,664 1,679 -1.9 -0.9 -2.2 1,645 1,639 1,626 1,685 -2.4

 Paper products....................................... 14,359 14,222 14,236 1.0 -0.1 -0.9 14,450 14,287 14,318 15,057 -4.0

 Pulp, paper, and paperboard mills.......... 6,217 6,208 6,230 0.1 -0.4 -1.7 6,266 6,212 6,275 6,699 -6.5

 Paperboard containers........................ 4,171 4,081 4,033 2.2 1.2 -0.8 4,166 4,074 4,021 4,265 -2.3

 Printing.................................................. 6,295 6,154 6,130 2.3 0.4 -1.0 6,203 6,043 6,013 6,162 0.7

 Petroleum and coal products..................... 16,644 16,407 16,248 1.4 1.0 -0.2 17,557 16,685 15,982 15,643 12.2

 Petroleum refineries............................. 15,087 14,823 14,609 1.8 1.5 -0.5 15,914 15,047 14,341 13,960 14.0

 Basic chemicals...................................... 55,527 55,296 54,932 0.4 0.7 1.3 56,191 55,870 55,050 52,529 7.0

 Pesticides, fertilizers, and other

 agricultural chemicals....................... 2,347 2,333 2,326 0.6 0.3 -2.6 2,317 2,528 2,705 2,388 -3.0

 Pharmaceuticals and medicines............ 23,547 23,514 23,006 0.1 2.2 3.3 23,919 23,710 22,708 20,279 17.9

 Paints, coatings, and adhesives............. 2,799 2,782 2,773 0.6 0.3 -0.4 2,849 2,844 2,848 2,824 0.9

 Plastics and rubber products..................... 20,835 20,744 20,734 0.4 0.0 0.4 21,284 21,224 21,142 20,687 2.9

p

 Preliminary r Revised NA Not available.

1 Inventories for semiconductor industry data are included in computers and electronic products and total durable goods industries, but are not shown separately. 

See note at end of Table 2 relating to survey error and revision.
 7 

Table 5. Value of Manufacturers' Shipments, New Orders, Unfilled Orders, and Total Inventories for 

 Topical Series 1

[Millions of Dollars]

Seasonally Adjusted Not Seasonally Adjusted2

Monthly Percent Change Monthly Year to date Percent

Industry Change6

May Apr. Mar. Apr. - Mar. - Feb. - May Apr. Mar. May 2004/

2004p 2004r 2004 May Apr. Mar. 2004p 2004r 2004 2003 2004p 2003 2003

SHIPMENTS

 All manufacturing industries .................. 363,570 362,569 362,925 0.3 -0.1 4.2 366,406 360,275 390,300 330,134 1,774,637 1,611,192 10.1

 Construction materials and supplies...... 39,440 39,692 39,630 -0.6 0.2 10.9 40,588 40,005 40,365 35,758 185,996 167,311 11.2

 Information technology......................... 29,851 30,821 30,097 -3.1 2.4 2.3 27,750 27,946 34,965 24,943 143,016 125,015 14.4

 Computers and related products .......... 8,100 9,068 8,266 -10.7 9.7 1.2 6,675 7,921 9,881 6,116 38,501 32,340 19.1

 Motor vehicle and parts........................ 37,626 38,605 40,421 -2.5 -4.5 4.0 38,944 40,174 46,403 38,468 200,657 188,362 6.5

 Capital goods...................................... 69,636 70,679 70,245 -1.5 0.6 1.4 68,202 67,912 80,199 61,407 340,028 301,215 12.9

 Nondefense capital goods 3.................. 61,202 62,529 62,035 -2.1 0.8 3.4 59,793 60,104 71,187 53,989 298,863 265,544 12.5

 Excluding aircraft............................. 58,451 60,199 59,350 -2.9 1.4 3.6 56,944 58,180 67,723 51,541 286,851 253,963 12.9

 Defense capital goods 4....................... 8,434 8,150 8,210 3.5 -0.7 -11.7 8,409 7,808 9,012 7,418 41,165 35,671 15.4

 Consumer goods.................................. 138,714 137,354 137,736 1.0 -0.3 3.7 140,272 136,418 144,802 126,126 676,712 618,737 9.4

 Consumer durable goods..................... 34,348 35,013 36,138 -1.9 -3.1 2.8 34,859 35,450 41,691 34,004 178,358 165,487 7.8

 Consumer nondurable goods............... 104,366 102,341 101,598 2.0 0.7 4.0 105,413 100,968 103,111 92,122 498,354 453,250 10.0

 All manufacturing industries 5................. 358,163 359,124 363,146 -0.3 -1.1 5.0 359,966 357,653 392,335 323,336 1,769,025 1,594,971 10.9

 Construction materials and supplies...... 39,455 41,255 40,920 -4.4 0.8 11.1 41,286 41,897 41,687 36,164 192,636 167,524 15.0

 Information technology......................... 30,149 31,334 31,957 -3.8 -1.9 4.6 27,662 29,041 37,016 25,479 149,178 132,832 12.3

 Computers and related products .......... 8,317 8,615 8,018 -3.5 7.4 -1.1 7,422 7,274 9,631 7,138 37,828 33,045 14.5

 Motor vehicle and parts........................ 38,000 39,012 40,569 -2.6 -3.8 3.5 39,025 40,297 46,480 37,978 201,836 188,188 7.3

 Capital goods...................................... 69,272 72,097 74,113 -3.9 -2.7 3.9 66,421 69,821 86,205 61,506 353,029 314,814 12.1

 Nondefense capital goods 3.................. 61,984 63,908 64,726 -3.0 -1.3 6.2 60,873 61,751 73,524 54,603 307,310 270,617 13.6

 Excluding aircraft............................. 58,964 61,128 62,426 -3.5 -2.1 6.2 57,818 60,220 70,758 52,923 296,914 263,390 12.7

 Defense capital goods 4....................... 7,288 8,189 9,387 -11.0 -12.8 -9.3 5,548 8,070 12,681 6,903 45,719 44,197 3.4

 Consumer goods.................................. 139,177 136,993 137,815 1.6 -0.6 3.9 140,760 136,078 144,857 125,951 677,069 619,105 9.4

 Consumer durable goods..................... 34,811 34,652 36,217 0.5 -4.3 3.6 35,347 35,110 41,746 33,829 178,715 165,855 7.8

 Consumer nondurable goods.............. 104,366 102,341 101,598 2.0 0.7 4.0 105,413 100,968 103,111 92,122 498,354 453,250 10.0

 All manufacturing industries 5

................. 523,097 521,211 517,585 0.4 0.7 1.4 530,368 529,935 525,993 492,209 (X) (X) 7.8

 Construction materials and supplies...... 37,492 37,477 35,914 0.0 4.4 3.7 38,509 37,811 35,919 31,346 (X) (X) 22.9

 Information technology......................... 123,238 122,940 122,427 0.2 0.4 1.5 125,334 125,422 124,327 115,071 (X) (X) 8.9

 Computers and related products .......... 7,836 7,619 8,072 2.8 -5.6 -3.0 8,132 7,385 8,032 8,829 (X) (X) -7.9

 Motor vehicle and parts........................ 14,719 14,345 13,938 2.6 2.9 1.1 14,799 14,718 14,595 11,959 (X) (X) 23.7

 Capital goods...................................... 365,607 365,971 364,553 -0.1 0.4 1.1 370,798 372,579 370,670 352,310 (X) (X) 5.2

 Nondefense capital goods 3

..................225,307 224,525 223,146 0.3 0.6 1.2 227,994 226,914 225,267 218,475 (X) (X) 4.4

 Excluding aircraft............................. 146,423 145,910 144,981 0.4 0.6 2.2 149,347 148,473 146,433 137,698 (X) (X) 8.5

 Defense capital goods 4

....................... 140,300 141,446 141,407 -0.8 0.0 0.8 142,804 145,665 145,403 133,835 (X) (X) 6.7

 Consumer goods.................................. 12,841 12,378 12,739 3.7 -2.8 0.6 12,968 12,480 12,820 12,235 (X) (X) 6.0

 Consumer durable goods..................... 12,841 12,378 12,739 3.7 -2.8 0.6 12,968 12,480 12,820 12,235 (X) (X) 6.0 

 All manufacturing industries .................. 448,717 446,699 444,579 0.5 0.5 0.4 453,297 449,025 443,371 446,790 (X) (X) 1.5

 Construction materials and supplies...... 47,990 47,618 47,140 0.8 1.0 0.7 48,595 48,331 48,154 47,821 (X) (X) 1.6

 Information technology......................... 38,601 38,644 38,554 -0.1 0.2 0.0 39,403 38,851 37,751 41,701 (X) (X) -5.5

 Computers and related products .......... 5,789 5,777 5,885 0.2 -1.8 -1.0 6,126 5,761 5,609 6,529 (X) (X) -6.2

 Motor vehicle and parts........................ 21,146 21,131 21,059 0.1 0.3 0.5 21,317 21,301 21,067 20,547 (X) (X) 3.7

 Capital goods...................................... 125,677 125,060 125,015 0.5 0.0 0.1 127,264 125,707 124,028 128,695 (X) (X) -1.1

 Nondefense capital goods 3

..................106,067 105,556 105,300 0.5 0.2 0.1 107,502 106,125 104,517 110,252 (X) (X) -2.5

 Excluding aircraft............................. 89,137 88,414 88,310 0.8 0.1 0.2 90,582 88,960 87,786 91,235 (X) (X) -0.7

 Defense capital goods 4

....................... 19,610 19,504 19,715 0.5 -1.1 0.1 19,762 19,582 19,511 18,443 (X) (X) 7.2

 Consumer goods.................................. 139,338 139,031 138,065 0.2 0.7 0.6 140,199 138,867 136,569 134,221 (X) (X) 4.5

 Consumer durable goods..................... 27,986 28,002 27,672 -0.1 1.2 0.5 28,502 28,317 27,481 27,730 (X) (X) 2.8

 Consumer nondurable goods............... 111,352 111,029 110,393 0.3 0.6 0.7 111,697 110,550 109,088 106,491 (X) (X) 4.9

p

 Preliminary r Revised X Not Applicable.

1

 Topical series are regroupings of the separate industry categories. 2

 Shipments and new orders are the totals for the period and are adjusted for trading-day and calendar-month variations. 3

 Nondefense capital goods industries include: small arms and ordnance; farm machinery and equipment; construction machinery; mining, oil, and gas field machinery;

industrial machinery; vending, laundry, and other machinery; photographic equipment; metalworking machinery; turbines and generators; other power transmission

equipment; pumps and compressors; material handling equipment; all other machinery; electronic computers; computer storage devices; other computer peripheral

equipment; communications equipment; search and navigation equipment; electromedical, measuring, and control instruments; electrical equipment; other electrical 

equipment, appliances, and components; heavy duty trucks; aircraft; railroad rolling stock; ships and boats; office and institutional furniture; and medical equipment

and supplies.

4 Defense capital goods industries include: small arms and ordnance; communications equipment; aircraft; missiles, space vehicles, and parts; ships and boats;

and search and navigation equipment.

5 Estimates and percent changes exclude semiconductor industry data. 6

 Based on year-to-date for shipments and new orders, but on same month prior year for unfilled orders and inventories.

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

NEW ORDERS

UNFILLED ORDERS

TOTAL INVENTORIES
 8

Table 6. Value of Manufacturers' Inventories, by Stage of Fabrication, by Industry Group

 

[Millions of Dollars]

Seasonally Adjusted Not Seasonally Adjusted

Monthly Percent Change Monthly Percent

Industry Change

May Apr. Mar. Apr. - Mar. - Feb. - May Apr. Mar. May May

2004p 2004r 2004 May Apr. Mar. 2004p 2004r 2004 2003 04/03

MATERIALS AND SUPPLIES

 All manufacturing industries ..................... 147,337 147,054 145,564 0.2 1.0 0.7 147,668 146,958 145,160 147,355 0.2

 Durable goods industries ........................ 87,641 87,216 85,836 0.5 1.6 1.2 87,630 86,846 85,344 86,659 1.1

 Wood products................................... 3,889 3,934 3,839 -1.1 2.5 3.8 3,560 3,658 3,719 3,281 8.5

 Nonmetallic mineral products............... 3,334 3,348 3,309 -0.4 1.2 0.5 3,323 3,325 3,287 3,405 -2.4

 Primary metals.................................... 6,754 6,585 6,396 2.6 3.0 2.5 6,638 6,428 6,206 6,200 7.1

 Fabricated metal products..................... 11,952 11,728 11,495 1.9 2.0 1.4 11,973 11,728 11,556 11,302 5.9

 Machinery.......................................... 12,738 12,654 12,503 0.7 1.2 0.8 12,740 12,697 12,479 13,071 -2.5

 Computers and electronic products ...... 16,673 17,028 16,808 -2.1 1.3 1.2 17,025 17,036 16,704 18,053 -5.7

 Electrical equipment, appliances,

 and components.............................. 4,549 4,563 4,586 -0.3 -0.5 1.3 4,624 4,646 4,605 4,861 -4.9

 Transportation equipment.................. 18,007 17,734 17,569 1.5 0.9 1.7 17,910 17,667 17,498 16,971 5.5

 Furniture and related products............ 3,382 3,307 3,130 2.3 5.7 -0.1 3,409 3,308 3,133 3,334 2.2

 Miscellaneous products........................ 6,363 6,335 6,201 0.4 2.2 -1.1 6,428 6,353 6,157 6,181 4.0

 Nondurable goods industries.................... 59,696 59,838 59,728 -0.2 0.2 -0.1 60,038 60,112 59,816 60,696 -1.1

 Food products.................................... 9,857 10,027 10,223 -1.7 -1.9 -1.3 9,775 10,007 10,285 10,604 -7.8

 Beverage and tobacco products............ 5,230 5,311 5,318 -1.5 -0.1 -1.4 5,204 5,365 5,410 5,488 -5.2

 Textiles.............................................. 1,373 1,383 1,366 -0.7 1.2 0.1 1,400 1,418 1,366 1,529 -8.4

 Textile products.................................. 1,810 1,800 1,801 0.6 -0.1 0.3 1,848 1,809 1,790 1,821 1.5

 Apparel............................................. 1,572 1,592 1,604 -1.3 -0.7 -1.8 1,615 1,632 1,602 1,795 -10.0

 Leather and allied products................... 445 449 447 -0.9 0.4 -0.2 448 445 432 438 2.3

 Paper products................................... 6,543 6,541 6,492 0.0 0.8 -0.6 6,483 6,512 6,509 6,911 -6.2

 Printing ............................................. 2,723 2,719 2,712 0.1 0.3 0.0 2,657 2,616 2,709 2,760 -3.7

 Petroleum and coal products............... 5,201 5,238 5,167 -0.7 1.4 1.1 5,553 5,436 5,149 4,746 17.0

 Basic chemicals................................... 17,447 17,231 17,116 1.3 0.7 0.6 17,507 17,262 17,104 17,140 2.1

 Plastics and rubber products............... 7,495 7,547 7,482 -0.7 0.9 1.0 7,548 7,610 7,460 7,464 1.1

WORK IN PROCESS

 All manufacturing industries ..................... 129,208 130,148 129,665 -0.7 0.4 0.2 130,236 130,745 128,725 129,379 0.7

 Durable goods industries ........................ 97,804 97,849 97,578 0.0 0.3 -0.2 99,051 98,647 97,005 98,975 0.1

 Wood products................................... 1,991 2,002 2,024 -0.5 -1.1 -1.0 2,001 2,018 2,035 2,012 -0.5

 Nonmetallic mineral products............... 1,192 1,176 1,210 1.4 -2.8 -1.1 1,226 1,224 1,285 1,249 -1.8

 Primary metals.................................... 6,252 6,340 6,220 -1.4 1.9 4.6 6,275 6,336 6,198 6,324 -0.8

 Fabricated metal products..................... 9,676 9,629 9,557 0.5 0.8 -0.2 9,716 9,609 9,554 9,390 3.5

 Machinery.......................................... 15,319 15,040 14,935 1.9 0.7 -0.3 15,635 15,068 14,763 14,467 8.1

 Computers and electronic products ...... 19,013 18,766 18,413 1.3 1.9 1.2 19,462 19,162 17,948 18,596 4.7

 Electrical equipment, appliances,

 and components.............................. 2,946 2,935 2,918 0.4 0.6 -0.1 3,048 3,030 2,954 3,017 1.0

 Transportation equipment.................. 36,967 37,499 37,522 -1.4 -0.1 -1.4 37,174 37,719 37,508 38,875 -4.4

 Furniture and related products............ 1,561 1,551 1,554 0.6 -0.2 1.0 1,573 1,551 1,555 1,543 1.9

 Miscellaneous products........................ 2,887 2,911 3,225 -0.8 -9.7 -1.7 2,941 2,930 3,205 3,502 -16.0

 Nondurable goods industries.................... 31,404 32,299 32,087 -2.8 0.7 1.3 31,185 32,098 31,720 30,404 2.6

 Food products.................................... 3,191 3,123 3,039 2.2 2.8 1.5 2,918 2,970 2,971 2,679 8.9

 Beverage and tobacco products............ 4,780 4,795 4,728 -0.3 1.4 0.0 4,526 4,625 4,687 4,212 7.5

 Textiles.............................................. 1,280 1,300 1,290 -1.5 0.8 0.3 1,297 1,326 1,288 1,311 -1.1

 Textile products.................................. 698 686 692 1.7 -0.9 -0.1 719 703 693 740 -2.8

 Apparel............................................. 1,163 1,181 1,189 -1.5 -0.7 -0.3 1,206 1,211 1,160 1,291 -6.6

 Leather and allied products................... 172 180 181 -4.4 -0.6 -4.7 173 182 180 170 1.8

 Paper products................................... 1,241 1,191 1,158 4.2 2.8 1.8 1,242 1,176 1,139 1,175 5.7

 Printing ............................................. 1,802 1,689 1,683 6.7 0.4 -3.8 1,725 1,677 1,620 1,667 3.5

 Petroleum and coal products............... 3,607 4,556 4,518 -20.8 0.8 -1.8 3,749 4,589 4,520 3,961 -5.4

 Basic chemicals................................... 10,999 11,139 11,123 -1.3 0.1 4.4 11,161 11,149 10,917 10,688 4.4

 Plastics and rubber products............... 2,471 2,459 2,486 0.5 -1.1 0.6 2,469 2,490 2,545 2,510 -1.6

FINISHED GOODS

 All manufacturing industries ..................... 172,172 169,497 169,350 1.6 0.1 0.3 175,393 171,322 169,486 170,056 3.1

 Durable goods industries ........................ 82,948 82,141 82,193 1.0 -0.1 0.3 85,047 83,586 82,632 85,052 0.0

 Wood products................................... 4,309 4,225 4,177 2.0 1.1 2.0 4,644 4,630 4,601 4,203 10.5

 Nonmetallic mineral products............... 4,700 4,654 4,693 1.0 -0.8 -1.7 4,874 4,813 4,853 5,390 -9.6

 Primary metals.................................... 5,520 5,417 5,437 1.9 -0.4 -2.2 5,611 5,512 5,547 6,193 -9.4

 Fabricated metal products..................... 10,678 10,572 10,384 1.0 1.8 -0.8 10,935 10,854 10,772 11,111 -1.6

 Machinery.......................................... 15,105 14,938 15,060 1.1 -0.8 1.8 15,198 15,184 15,546 15,087 0.7

 Computers and electronic products ...... 11,608 11,617 11,974 -0.1 -3.0 -0.4 11,862 11,571 11,474 12,580 -5.7

 Electrical equipment, appliances,

 and components.............................. 4,847 4,812 4,831 0.7 -0.4 0.0 5,127 5,028 4,976 5,108 0.4

 Transportation equipment.................. 13,159 13,097 12,897 0.5 1.6 0.9 13,541 13,176 12,296 13,073 3.6

 Furniture and related products............ 3,015 2,988 2,941 0.9 1.6 0.8 3,114 2,967 2,804 3,078 1.2

 Miscellaneous products........................ 10,007 9,821 9,799 1.9 0.2 0.7 10,141 9,851 9,763 9,229 9.9

 Nondurable goods industries.................... 89,224 87,356 87,157 2.1 0.2 0.4 90,346 87,736 86,854 85,004 6.3

 Food products.................................... 20,580 20,316 20,143 1.3 0.9 1.9 20,014 19,582 19,589 18,940 5.7

 Beverage and tobacco products............ 4,565 4,583 4,655 -0.4 -1.5 0.2 4,594 4,678 4,614 4,616 -0.5

 Textiles.............................................. 2,219 2,194 2,252 1.1 -2.6 -1.2 2,330 2,235 2,246 2,416 -3.6

 Textile products.................................. 2,591 2,611 2,607 -0.8 0.2 0.1 2,671 2,688 2,596 2,597 2.8

 Apparel............................................. 4,123 4,104 4,106 0.5 0.0 1.0 4,122 3,949 3,962 4,302 -4.2

 Leather and allied products................... 1,015 1,035 1,051 -1.9 -1.5 -2.6 1,024 1,012 1,014 1,077 -4.9

 Paper products................................... 6,575 6,490 6,586 1.3 -1.5 -1.7 6,725 6,599 6,670 6,971 -3.5

 Printing ............................................. 1,770 1,746 1,735 1.4 0.6 0.3 1,821 1,750 1,684 1,735 5.0

 Petroleum and coal products............... 7,836 6,613 6,563 18.5 0.8 -0.1 8,255 6,660 6,313 6,936 19.0

 Basic chemicals................................... 27,081 26,926 26,693 0.6 0.9 0.4 27,523 27,459 27,029 24,701 11.4

 Plastics and rubber products............... 10,869 10,738 10,766 1.2 -0.3 -0.1 11,267 11,124 11,137 10,713 5.2

p

 Preliminary r Revised

See note at end of Table 2 relating to survey error and revisions.
Table 7. Ratios of Manufacturers' Inventories to Shipments and Unfilled Orders 

 to Shipments, by Industry Group

[Based on Seasonally Adjusted data]

Inventory/Shipments ratio Unfilled Orders/Shipments ratio 1

Industry May Apr Mar Feb May Apr Mar Feb

2004p 2004r 2004 2004 2004p 2004r 2004 2004

 All manufacturing industries

2

...... 1.23 1.23 1.22 1.27 (X) (X) (X) (X)

Durable goods industries

2

................... 1.38 1.37 1.35 1.40 3.97 3.94 3.90 4.00

 Wood products................................ 1.07 1.07 1.10 1.17 (X) (X) (X) (X)

 Nonmetallic mineral products........... 1.23 1.20 1.18 1.32 (X) (X) (X) (X)

 Primary metals................................. 1.39 1.38 1.36 1.47 1.41 1.38 1.36 1.46

 Fabricated metal products............... 1.43 1.41 1.38 1.53 2.04 2.04 1.96 2.10

 Machinery....................................... 1.86 1.78 1.78 1.87 2.29 2.19 2.17 2.24

 Computers and electronic products

2

.. 1.24 1.22 1.25 1.26 5.03 4.84 4.96 4.93

 Electrical equipment, appliances,

 and components............................. 1.41 1.40 1.43 1.45 1.83 1.79 1.76 1.76

 Transportation equipment................. 1.27 1.28 1.21 1.23 7.37 7.55 7.21 7.22

 Furniture and related products........... 1.26 1.27 1.28 1.28 1.10 1.11 1.15 1.12

 Miscellaneous products.................... 1.70 1.69 1.65 1.73 (X) (X) (X) (X)

Nondurable goods industries.............. 1.06 1.07 1.08 1.12 (X) (X) (X) (X)

 Food products................................... 0.83 0.83 0.86 0.87 (X) (X) (X) (X)

 Beverage and tobacco products......... 1.63 1.65 1.58 1.74 (X) (X) (X) (X)

 Textiles.......................................... 1.40 1.42 1.45 1.46 (X) (X) (X) (X)

 Textile products............................... 1.64 1.64 1.61 1.60 (X) (X) (X) (X)

 Apparel.......................................... 1.43 1.45 1.46 1.50 (X) (X) (X) (X)

 Leather and allied products............... 1.87 1.90 1.91 1.95 (X) (X) (X) (X)

 Paper products................................ 1.03 1.01 1.03 1.07 (X) (X) (X) (X)

 Printing.......................................... 0.80 0.79 0.78 0.79 (X) (X) (X) (X)

 Petroleum and coal products............ 0.61 0.63 0.63 0.67 (X) (X) (X) (X)

 Basic chemicals............................... 1.32 1.34 1.34 1.38 (X) (X) (X) (X)

 Plastics and rubber products.............. 1.26 1.24 1.25 1.31 (X) (X) (X) (X)

p

 Preliminary r Revised X Not Applicable

1

 Excludes the following industries with no unfilled orders: Wood products; nonmetallic mineral products

medical equipment and supplies; office supplies; other miscellaneous manufacturing; cutlery and handtools

farm and garden machinery; computer storage and peripheral devices; audio and video equipment; manufacturin

and reproducing magnetic and optical media; batteries; automobiles; light trucks and utility vehicles; heavy duty

trucks; and miscellaneous furniture

2 Unfilled orders to shipments ratio excludes semiconductor manufacturing

May2 May2 May2 May2

Industry 2003- 2003- 2003- 2003-

May1 Apr May1 Apr May1 Apr May1 Apr

2004 2004 2004 2004 2004 2004 2004 2004

 All manufacturing industries.......... (X) 0.3 (X) 0.5 (X) 0.2 (X) 0.1

Durable goods industries...................... -0.1 0.3 -0.2 0.7 0.0 0.2 0.0 0.2

 Wood products................................... (X) 0.9 (X) (NA) (X) (NA) (X) 0.5

 Nonmetallic mineral products............. (X) 1.0 (X) (NA) (X) (NA) (X) 0.6

 Primary metals................................... 0.0 0.8 0.0 1.6 0.0 0.9 0.1 0.4

 Fabricated metal products.................. -0.2 0.5 -3.3 1.5 -1.3 0.7 0.2 0.3

 Machinery.......................................... -0.5 0.8 -0.6 1.3 -0.1 0.4 0.0 0.2

 Computers and electronic products..... -0.1 0.8 -0.8 1.6 -0.2 0.3 0.0 0.3

 Electrical equipment, appliances

 and components............................. -0.3 0.5 -0.3 1.0 -0.1 0.4 0.1 0.2

 Transportation equipment.................. 0.1 0.3 1.2 0.5 0.1 0.1 -0.1 0.2

 Furniture and related products............ (X) 1.0 (X) 1.4 (X) 1.1 (X) 0.3

 Miscellaneous products...................... (X) 0.5 (X) 1.0 (X) 1.1 (X) 0.3

Nondurable goods industries.................. (X) 0.4 (X) (NA) (X) (NA) (X) 0.1

 Food products................................... (X) 0.7 (X) (NA) (X) (NA) (X) 0.3

 Beverage and tobacco products............ (X) 0.8 (X) (NA) (X) (NA) (X) 0.4

 Textiles............................................. (X) 0.8 (X) (NA) (X) (NA) (X) 0.4

 Textile products................................. (X) 0.7 (X) (NA) (X) (NA) (X) 0.3

 Apparel.............................................. (X) 0.6 (X) (NA) (X) (NA) (X) 0.4

 Leather and allied products.................. (X) 2.4 (X) (NA) (X) (NA) (X) 1.5

 Paper products................................... (X) 0.6 (X) (NA) (X) (NA) (X) 0.3

 Printing.............................................. (X) 0.8 (X) (NA) (X) (NA) (X) 0.5

 Petroleum and coal products............... (X) 1.9 (X) (NA) (X) (NA) (X) 1.2

 Basic chemicals.................................. (X) 0.4 (X) (NA) (X) (NA) (X) 0.4

 Plastics and rubber products............... (X) 0.5 (X) (NA) (X) (NA) (X) 0.3

X Not Applicable NA Not Available

1

 The current month revisions are the difference between the advance percent change and the percent change as shown in this publ

2

 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. T

advance to final percent change revisions for the durable goods industries are shown in the advance report for the month

Table 8. Revisions to Previously Published Monthly Percent Changes

[Based on Seasonally Adjusted data]

Shipments New Orders Unfilled Orders Inventories
10

Survey Description 

This report is compiled from results of the U.S.

Census Bureau’s Manufacturers’ Shipments,

Inventories, and Orders (M3) survey. This survey

provides statistics on manufacturers' value of

shipments, new orders (net of cancellations), end-ofmonth order backlog (unfilled orders), end-of-month

total inventory (at current cost or market value), and

inventories by stage of fabrication (materials and

supplies, work-in-process, and finished goods). The

M3 includes approximately 3,500 reporting units. 

Units may be divisions of diversified large

companies, large homogenous companies, or singleunit manufacturers in 89 industry categories. Due to

the small monthly sample, these 89 categories have

been combined into 59 publication levels. The

survey methodology assumes that the month-to-month

changes of the total operations of those companies in

the monthly survey effectively represent the monthto-month movements of all establishments that make

up the category. The current coverage levels in the

survey show that reported data in the monthly survey

represent approximately 60 percent of the shipments

estimates at the total manufacturing level. Data

published represent manufacturing in a calendar

month. The data collection is based on a voluntary

survey authorized by Title 13 of the United States

Code.

The data presented in this release are based on data

obtained from a panel of 3,500 reporting units and

provide an indication of the activity within the

manufacturing sector. The results differ from what

would be obtained from a complete enumeration of

all manufacturing companies. In addition, a different

panel of 3,500 companies would yield different

results. The M3 panel is comprised of companies

with $500 million or more in shipments and a limited

number of smaller companies. From a statistical

perspective, the panel is not a probability sample;

therefore, the sampling errors that are normally

provided with sample surveys cannot be measured. 

Nonsampling errors are attributable to many sources. 

The use of company or divisional reports to estimate

the monthly change for establishments is one source

of nonsampling error. The use of primarily large

companies to represent the month-to-month

movement of all companies is another potential

source.

Additional survey documentation can be found on our

web site: http://www.census.gov/m3.