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
19967] 1996" 1096| May} “Apr. | Mar} 1996] 1986 1996 1995] 96/95
All manufacturing industries ..... | 420,728 421,467 421,521 0.2 0.0]  -0.2] 424,432] 423,453] 420,801] 412,496] +2.9
Manufacturing industries
with unfilled orders... . -. | 283,644] 284,060] 284,253] -0.1 0.1 -0.2] 287,277] 285,630] 282,770] 276,650] +38
without defense capital goods . . 399,912] 400537] 400344] — -0.2 0.0{ — -0.2] 403.279] 402,445] 399,687] 390,082) +34
Durable goods industries ......... | 267,493] 267,426] 267,190 00] +01 0.0] 270,427] 268,663] 266,391] 260,036] +4.0
With unfilled orders... . ++ | 245,662] 245,715] 245,441 00) +01 0.0| 248,825] 246,868] 243,961] 238,593] +43
Stone, clay, and glass products... . 8079] 8,161 8.243] -10] -1.0] 0.4] 8.285] 8360] 8388] 8,498] -2.5
Primary metals. voees | 21857] 21/892] 22045] 02] = -0.7| +08] 21,850] 21,908] 21,986] 21,760] +04
Blast furnaces, stee! mills 10,569] 10,6539} 10,825} -08] -15] +17] 10,442] 10,495] 10,646] 10.256] +18
Iron and steel foundries ........ 1694] 707] 71 08} 02) +17] L747] 1,762 1,762 1683} +38
Nonferrous and other primary
metals : 9,594] 9,526} 9,509] +07] +02) -05] 9,661] 9,651] 9,578] 9,821 “16
Fabricated metal products : 24,464| 24,551] 24,644] 04] = 04] = 09] 24847] 24.949] 24.924] 25,876] -4.0
Industrial machinery and equipment 55613] 55,655} 55,299] -01] +06] -03] 56,298] 55,802] 54.544] 52,905] +64
Engines and turbines ......... 3,626] 3,587} 3.580] +11] +02] = -2.1] 3,670] 3.536] 3.455] 3815} 3.8
Farm and garden machinery .. . . 2831] 2,853} 2,798] 08] +20] +17] 2698] 21833] 2.953] 2641} 42.2

Construction, mining and

material handling equipment 6,549 6,540 6,492 40.1 40.7 6,673 6,648 6,614 6,580 +14
Metalworking machinery . 6,730} 6,602] 6,609] +19]  -0.1 6,764] 6592] 6,503] 6,122] +105
Computer and office equipment . . 12,829] 13,053] 12.906] 1.7} #1. 13,086] 12,947] 12,041] 1n-718] +117

Electronic and other

electrical equipment ......... 47,566| 47,608] 47,126] 0.1} +10] 0.5] 48,218} 47,990] 46,626] 44,268] +8.9
Electrical transmission and

distribution equipment and

industrial apparatus . 4405] 4,416] 4,407] 02] +02] 5.4] 4,416] 4,409] 4368] 4877] -9.5
Household appliances 2579} 2619] 2654] -15{  -13] 34] 2808] 2827] 2,704] 3.147] -108

Electric lighting and

wiring equipment ....... 2... 3,180} 3,207] 3,223] 08] = 05] 13] 3.237] 3,236] 3,199] 3,362] 3.7
Household audio and

video equipment .. . 1,772 1,797 1802] -14} 9-03] 22] 1,804 1,773 17 1,575] +145
Communications equipment ..... | 15,990] 15,995] 15,574 00) +27) +04] 16502] 16347] 15,389] 14,510] +13.7
Electronic components ......... | 15,735] 15,656] 15.529] 40.5] +08] = 40.4] 15,499] 15,435] 15,231] 13,108] +182
Transportation equipment ......... | 61,042] 61,091] 61.251 “0.1 03} 40.7] 61,795] 61,094] 61,412] 59,820] +33
Motor vehicles and parts . +. | 12,232] 12340) 12,461 09} -10} 428] 12,147] 12308) 12,498] 12,244] -0.8
Aircraft, missiles,
space vehicles, and parts. ...... | 44,084] 43,983 44,048] +02] = -0.1] = +03] + 44,866] 43,958] 44,027] 42,780] +49
Shipbuilding and tanks ....... 1,738 1,681 1709} 43.4] -16] 42.2 1.817 1,724 1,743 1579] +15.1
Instruments and related products .... | 23,684] 23,570] 23,435} +05} = +06] = +1.0| 23,903] 23,682] 23,229] 22,114] 48.1
Search and navigation equipment 5,864 5,841 5,726 40.4 #20 +18 5,927 5,890 5,633 5,428 49.2
Measuring and controlling devices . 7,732} 7,685 7,677] +06] +01) +08] 7,778] = 7,720] 7,675] 7,065] +101
Medical instruments and Supplies : 6575] 6,566] 6.568] +0.1 0.0} +02] 6641 6577] 6.464] 6,177] +75
Photographic goods ...... - 2,621] 2,600) 2,592} +08] +403} +15] 2655] 2,608] 2585] 2,558] +3.8
All other durable goods .......... | 25188] 24,898] 25.147] +12] -1.0} 1.0] 25,231] 24,878] 25.282] 24.795] +18
Nondurable goods industries ....... } 153,235] 154,041} 154,331 05{ -02] -0.4] 154,005] 154,790] 154,410] 152,460] +1.0
With unfilled orders ........... | 37,982] 38,345} 38,812] 09} 9-12] -1.8] 38,452] 38,762] 38,809] 38,057] +1.0
Food and kindred Products : 31,823] 31,968] 31,671 0.5 40.9 0.0] 30,646] 31,243] 31,339] 29,836 42.7
Meat products. : 4054] 4,111] 4,061 14} 412] 01] 4 4192] 4125] 3,588] +146
Dairy products . 2625} 2644) 21542] 0.7] 44.0} 7] 2717] 2:722] 21507] 2,698] -+0.7
Beverages ..... 5393] 5399] 5,433] -0.1 06} +08] 5,388] 5,427] 5,497] 5,348] 40.7
All other foods, except fats and oils | 17618] 17,680} 17582] -o4] +06] 404) 16297) 16.703] 17/083] 16,651 2.1
Tobacco products ......... : 5550] 5,518] 5,555] +06] = 0.7] = 0.4] 5322] 5,442] 5,631 5.173] +29
Textile mill products... .. oo 10,144] 10,190] 10,230 05 04 -1.0] 10,500] 10,466] 10,280] 10,583 08
Broadwoven fabrics and
other textiles... 0... 5,673] 5,691 5,707] -03] 03] =-0.9] 5,815] 5,824] 5,722] 5,857] -0.7
Paper and allied products «<<... 16,170] 16.364] 16,684] = -1.2] 9-19] -08] 16381] 16.619] 16.846} 15,393) +6.4
Pulp, paper, and
paperboard mill products. . . 6872) 6998] 7,229) -18) -32] 0-0. 6948] 7,107] 7,338] 5911] +175
Paperboard containers and boxes . 4077| 4,152] 4.230) 18] 21 17} 4061} 4180] 4240] 4,227] -3.9
Miscellaneous converted
Paper products . . sees 5,221 $214] 5.216] 40.1 oo} 09] 5372] 5332] 5,268] 5,255
Chemicals and allied products oe 36,318 | 36,368] 36,293 -0.1 40.2 +061 36,704] 36,779] 36,612] 36,024
Industrial chemicals . . . 17749| 17910] 17870] -09} +02] +02] 17,731] 17.936] 17,884] 17,760

Drugs, soaps, and toiletries. 13,629] 13,577] 13,565] +04] = 40.1] 9 +1. ] 13,997] 13,653] 13.455] 13,437
Petroleum and coal products ...... . 11,618] 11,691! 11,676 0.6] +01 423) 11,974] 11817] 11,512] 11,547
Rubber and plastics products. . 13,820 13,834 13,932 -0.1 0.7 +0.1 14,000 14,104 14,211 14,342
All other nondurable goods ...... 27,792| 28,108) 28290] -1.1 06} -30] 28478] 28,320] 27,979] 29,562

” Preliminary. ‘ Revised.
See note at end of table 2 relating to survey variability.


10

Billions of Dollars

40

320

300

Total Manufacturing
New Orders and Shipments
Three Month Moving Averages

#0

260 |- 4 260
240 i 1 1 i 1 i i i i i 1 1 i 240
May Jul Sep Nov Jan Mar May Jul Sep Nov Jan Mar May
May. 1994-May, 1996
Total Manufacturing
Ratio of Unfilled Orders and
Inventories to Shipments
1/S Ratios UO/S Ratios
25 3.9
24 - vgs | 3.8
23F “ys | 37
a 436
216 43.5
2F 4 34
1.8F +33
1.8 [- | 32
1.7 - 4 34
1.6 3
1.5 29
14 28
1.3 27
1.2 i 1 i i 1 i 1 1 1 1 i i 1 2.
May Jul Sep Nov Jan Mar May Jul Sep Nov Jan Mar May

May. 1994-May, 1996

Note: All Charts based cn seasonally
adjusted current dollars,


Table 6. VALUE OF MANUFACTURERS’ UNFILLED ORDERS AND TOTAL INVENTORIES

FOR TOPICAL SERIES!
(Millions of dollars)

Seasonally adjusted

Not seasonally adjusted

Industry Monthly Percent Change Monthly Percent
change
May Apr. Mar. | Apr.- | Mar- | Feb.~ May Apr. Mar. May | May
1996° 1996) 1996 | May | Apr. | Mar. 1996" 1996" 1996 1995 | 96/95
UNFILLED ORDERS
All manufacturing industries 480,836 | 479,066 | 479.760 | +04] -0.1 | +1.0 | 485,628 | 485,503 | 484,620 | 466,720 +41
Market categories :
Automotive equipment . 1,880 1,889 1,902 05 | -07 1,864 1,912 1,935 2,099 | -11.2
Home goods and apparel 9,979 | 9,997 | 9,896 02] +10 10,569 | 10,506 | 10,046 | 11,106 48
Consumer staples : 1,886 1,798 1731] +49] +39 1,800 1,704 1,652 1,657 48.6
Machinery and equipment . 207,283 | 205,587 | 206.453 | +08 | -04 208,054 | 206,326 | 206,791 | 185,670 | +12.1
Business supplies... . . 6110 | 6,040 | 5,823 | +12] 437 6313 | 6,096 5,832 | 6,426 -18
Construction material
and supplies 15,776 | 15,803 | 15,841 02] -02 -0.1 | 15,949 | 15,963 | 15,982 | 16,158 “13
Defense products 106,545 | 106,509 | 106,448 0.0] +01 | +29 | 107,484 | 108,796 | 109.234 | 105,095 423
Other materials, supplies and
and intermediate products ..... . 131,377 | 131,443 | 131,666 -0.1 02 -1.5 | 133,595 | 134,200 | 133,148 | 138,509 35
Durable goods industries :
Nondefense capital goods * 225,908 | 224,321 | 225,378 | 40.7] 0.5 | +1.9 | 226,212 | 224,628 | 225,482 | 204,692 | +105
Excluding aircraft and parts 100,386 | 100,998 | 101,177 0.6 0.2 +03 | 100,690 | 101,305 } 101.281 97,872 42.9
Defense capital goods * .. . . 111,474 | 111,537 | 111,542 0.1 0.0 42.8 | 112,496 | 113,929 | 114,354 | 110,787 +15
Durables excluding capital goods 120,586 | 120,497 | 120,406 | +01] +01 -1.4 | 123,266 | 123,677 | 122,069 | 124,449 “1.0
Miscellaneous series :
Producers’ durable equipment . 241,141 | 239,759 | 240612 | +406] -04 | +12 | 242,088 | 240,471 | 240,889 | 220,801 +96
Household durable goods . ...... | 6,202 | 6190 | 6135 | +02] +09] +13} 6442 | 6382 | 6112 | 71 +44
Information technology industries . | 40,088 | 41.281 | 41,030 29} +06 | +06 | 40,483 | 41,103 | 40,483 | 40,096 +10
Health care cauipment:
and products... 0.2... 1... 6,087 | 5,905 | 5.877 | 426] +05 “51 6,058 | 5,905 3,877 | 5,746 45.4
TOTAL INVENTORIES
All manufacturing industries 420,728 | 421,467 | 421,521 0.2 0.0 -0.2 | 424,432 | 423,453 | 420,801 | 412,496 429
Market categories :
Automotive equipment... . 6,909 | 6,937 | 6,891 04] 40.7] 424} 6,921 6,998 7.052 | 6,609 447
Home goods and apparel 33,442 | 33,681 | 33,790 07} -03 -1.8 | 34,725 | 34,219 | 33,650 | 35,192 +13
Consumer staples . . 60,483 | 60,618 } 60,459 02] +03 | +02 | 59833 | 60,021 | 591934 | 58283 42.7
Machinery and equipment . 108,364 | 108,117 | 107,206 | +02] +08 0.0 | 110,224 | 108,718 | 106.415 | 101,107 +9.0
Business supplies . . . 23,646 | 23,674 | 23,679 “0.1 00] -L1 | 23,885 | 23.984 | 23.755 | 23°891 0.0
Construction materials
and supplies 25,818 | 25,811 | 26,064 00] -1.0 |  -07 | 26,072 | 26,126 | 26,387 | 26,631 21
Defense products 20,405 | 20,521 | 20,758 06} -11 | +08 | 20,687 | 20,574 | 20,705 | 21,707 47
Other materials, supplies and
and intermediate products 141,661 | 142,108 | 142,674 03] 04 0.0 | 142,085 | 142,813 | 142,903 | 139,076 42.2
Durable goods industries :
Nondefense capital goods * 102,713 | 102,570 | 101,557 | +0.1 | +10] -0.4 | 104,710 | 103,119 | 100,403 | 96,149 48.9
Excluding aircraft and parts 72,749 | 72,938 | 72,121 03] 411 -0.6 | 74.217 | 73,553 | 70,979 | 69,374 +70
Defense capital goods * . . . 20,816 | 20,930 | 21,177 OS] 12 | +409 | 21,153 | 21,008 | 21,114 | 22,414 5.6
Durables excluding capital goods 143,964 | 143,926 | 144,456 0.0 04 +0.1 | 144,564 | 144,536 | 144,874 | 141,473 $2.2
Miscellaneous series :
Producers’ durable equipment 168,787 | 168,723 | 168,020 0.0 40.4 0.1 | 171,176 | 169,729 | 167,166 | 162,312 45.5
Household durable goods : 15,152 | 15,183 | 15,175 -0.2 40.1 Ll 15,579 | 15,357 | 15,125 15,288 +19
Information technology industries - | 49,067 | 40.290 | 391646 06] +16} +03 | 40,901 | 40,599 | 38574 | 36,490 | +121
Health care equipment
and products... . . 13,990 | 13,953 | 13,951 | +03 0.0 | +07} 14,254 | 14,006 | 13,789 | 13,499 +56

See footnotes at end of table 5

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


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

Seasonally adjusted

Not seasonally adjusted ?

Monthly Percent Change Monthly Percent Year to date
Industry change
May} Apr.| Mar. | Apr- | Mar.-| Feb-| May | Apr.|  Mar.| May | May
1996") 1996'| 1996] May] Apr.} Mar.| 1996"| 1996'] 1996] 1995} 96/95 | 1996" |} — 1995
SHIPMENTS
All manufacturing industries 314,129] 310,737] 304,660] +11] +2.0}  +0.3) 316,801] 307,441] 319,575] 298,324] +6.2] 1,517,262 [1,468,009
Market categories :
Automotive equipment . 15,125] 14,963} 13,620} +11] +99 -4.8] 16,586] 16,024] 14,522) 14,917] +112] 76,185] 75,016
Home goods and apparel 20,709) 20,430} 20,444) +14) -0.1]  +3.7} 19,505] 19,115] 21,387] 18,153 +74) 95,805] 93,317
Consumer staples 65,539] 65,533] 64,440] 0.0] +1.7] +2.0] 65,224] 63,582] 64,829] 59,879]  +8.9] 313,520] 292,705
Machinery and equipment 58,434] 56,798] 56,577] +2.9] +0.4) -0.2] 58.412] 55,203] 63,219] 53,249] +9.7| 278,854] 262,656
Business supplies 23,847] 23,959] 23,300) -0.5} +2.8) +0.6) 23,998] 24,503] 23,529] 22,335] +74] 115,789] 109,370
Construction materials
and supplies 19,387] 18,954] 18,339] +23] +341 +1.0] 19,885] 18,956] 18,502] 18,751] +6.0] 90,914] 90,672
Defense products . . 6,764, 6,644] 6,866] +1.8) 3.2] 42.1) 6,582] 6,237] 7,303] 6,805] 3.3] 32,328] 34,054
Other materials, supplies and
and intermediate products 104,324] 103,456] 101,074] +0.8| +24} — -0.8} 106,609] 103,821] 106,284] 104,235] +23] $13,867] 510,219
Durable goods industries :
Nondefense capital goods * 45,164] 43,690] 44,633] +3.4)  -2.1] +0.6 43,329] 40,667} $1,109] 40,261] +76] 211,600] 198,425,
Excluding aircraft and parts. 39,575] 39,095] 39,972) +1.2] -2.2) +0.2) 37,933) 36,172] 45.929] 35.725] +6.2] 189,162] 174,073
Defense capital goods‘ ....... 6,301} 6,212) 6,453) +14) -3.7]/ 42.8) 6,120] 5,733] 6,879] 6,360] -3.8] 29.954] 31,333
Durables excluding capital goods. | 119,094] 117,546] 112,781] +1.3{ +42] -0.7] 123,232] 119,240] 118,526] 114,545] +7.6] $81,677] 566,147
Miscellaneous series :
Producers’ durable equipment 110,523] 108,128] 105,117) +2.2] +29] -1.3] 112,349] 106,865] 115,639] 102,857] +9.2] 534,163] 510,826
Household durable goods .. . . 9,427] 9,314] 9,350] +12] -0.4)  +7.0) 8,995] 8,856] 10,058] 7,876] +14.2| 43,684] 40,066
Information technology industries 22,499] 21,875] 22,664] +2.91 -3.5] -1.1] 20,769] 18,897] 26,539] 19,133] +8.6] 103,774] 92,557
Health care equipment
and products... 9,430] 9,291] 9,284] 41.5] 40.1) 41.9 8,945] 8,820] 9,813] 8,228) +8.7] 45,073] 42,190
NEW ORDERS
All manufacturing industries 315,899] 310,043] 309,485} +19} +0.2] +1.7] 316,926] 308,324] 326,253] 297,199] — +6.6 | 1,541,533 ]1,482,961
Market categories :
Automotive equipment 15,116] 14,950} 13,592] +11] +100] -5.0] 16,539] 16,002} 14,473] 14,854] +113] 76,188] 74,968
Home goods and apparel 20,692] 20,532) 20,643] +0.8| -0.5] +3.9] 19,567] 19,575} 21,912} 18,915] +3.4] 98,366] 96,094
Consumer staples . 65,627] 65,599] 64,391] 0.0] +1.9] 42.0] 65,320} 63,633] 64,739] 59,913] +9.0] 313,547] 292,731
Machinery and equipment 60,131] 55,931] 60,342) +75] -7.3] 42.1) 60,140] 54,739] 66,462) 54.214] +10.9] 293,348] 267,494
Business supplies 23,916] 24,176 23,162) -1.1] +44] +0.7] 24,215] 24,767] 23,445] 22,433] +7.9] 116,148] 109,987
Construction materials
and supplies ceeteeee 19,360] 18,916] 18,323) 42.3] +32} +0.5! 19,872] 18,938) 18,507] 18,845] +5.4) 91,517] 91,391
Defense products .......... 6,800] 6,705] 9,896] +14) -32.2) +568] 5,271] 5,798] 12,789 4.903] +75] 36,424] 31,912
Other materials, supplies an
and intermediate products 104,257] 103,234} 99,136] +1.0} +4.1) — -1.2] 106,002} 104,872] 103,926] 103,122} 42.8} 515,995] 518,384
Durable goods industries :
Nondefense capital goods * . 46,751] 42,633] 48,782| +9.7| -12.6{ +4.7| 44,913] 39,813] $4,277] 41,474] +83] 225,486] 203,201
Excluding aircraft and parts 38,963} 38,916] 40,246} +0.1| 3.3] -2.0] 37,318] 36,196] 45,222| 36,441] 42.4] 192,222] 180,938
Defense capital goods * . . . 6,238} 6,207] 9,450} +0.5] -34.3) +634) 4,687] 5,308] 12,361] 4,359) +75] 34,165] 29,015
Durables excluding capital goods - | 119,183] 117,637] 111,045] +1.3) +59] -1.4] 122,821] 120,848] 116,531] 114,017] +7.7| 586,095] 576,169
Miscellaneous series :
Producers’ durable equipment 111,905] 107,275] 107,967] +43] -0.6] — -0.9} 113,966] 106,447] 117,616] 104,037} +9.5| | $48,570] 518,003
Household durable goods .... . 9,439) 9,369] 9,431] 40.7] -0.7] +75] 9,055] 9,126] 10,219] 8,187] +106] 45,007) 41,040
Information technology industries 21,306) 22,126) 22,900] 3.7] -3.4| -0.6 20,149] 19,517] 26,528) 19,778] +1.9] 104,777] 95,724
Health care equipment
and products. ......., 9,582) 9,319] 8,969] 42.8] +3.9]  -3.0] 9,097] 8,849] 9,499] 8,058] +129] 45,161] 41,614

? Preliminary. ‘ Revised.

' Topical series are regroupings of the separate industry categories.

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

* Nondefense capital goods industries include : 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 equ ref y
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.

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

wuipment; refrigeration, h

ing and service


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

Inventory / Shipments ratio Unfilled Orders / Shipments ratio’
Industry May Apr. Mar. Feb. May Apr. Mar. Feb.
1996? 1996" 1996 1996 1996" 1996" 1996 1996
All manufacturing industries . . 134 136 138 139 2.80 2.83 2.86 2.84
Durable goods industries . . . 157 1.60 1.63 1.63 3.35 3.40 3.44 3.40
Stone, clay, and glass products... . . 1.02 1.07 1.10 1B 1.04 11d 1.13 11s
Primary metals. . Decee eee 148 1.49 1135 153 1.96 1.95 198 2.00
Fabricated metal products see 1.45 1.48 1.56 1.56 137 137 1.44 1.43
Industrial machinery and equipment . 1.68 1:70 167 1.65 237 239 236 235

Electronic and other

electrical equipment . 1.69 171 1.68 171 1.87 1,92 1.92 1.95
‘Transportation equipment... .... - . 1.50 1.35 167 161 11.80 12.47 12.88 12.41
Instruments and related products... . 199 2.02 2.00 1.96 3.88 397 3.95 3.95
Nondurable goods industries . 1.07 1.08 1.10 Lil 0.65 0.65 0.64 0.66
Food and kindred products 0.82 0.83 0.84 0.84 &) (en) ea) &
Tobacco products ........... 193 1:88 1:84 185 (X) te) &) (X)
Textile mill products : 1.65 1.69 1.68 172 (NA) (NA) (NA) (NA)
Paper and allied products . . . - 1.25 125 128 127 (NA) (NA) (NA) (NA)
Chemicals and allied products .... . 11S 1.17 119 1.19 () () (xX) (X)
Petroleum and coal products... 0.76 0.73 0.78 0.80 &) &) & &®
Rubber and plastics products... . 133 134 138 139 (3) ) (e4) &)

* 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? 1995- May? 1995- May? 1995- May? 1995-
May! | 1991-] Apr. | May! | 1991-| Apr. | May! | 1991-] Apr. | May! | 1991- ‘Apr.
1996 1995 1996 1996 1995 1996 1996 1995 1996 1996 1995 1996
All manufacturing industries . . . ) 01 02 (%) 05 02 (x) 01 Ol (Xx) 0.1 0.1
Durable goods industries 0.0 0.2 02 0.1 08 03 01 01 0.1 (xX) Ol 01
Stone, clay, and glass products (%) 06 06 ~ 09 08 (x) 04 05 (x) 04 01
Primary metals -....... 0.1 02 04 04 12 08 0.0 04 03 (X) 0.1 Ol
Fabricated metal products. . : Oa) 05 04 (x) 07 04 (x) 02 03 (X) 04 02
Industrial machinery and equipment 04 04 04 02 06 06 0.0 Or 02 (X) 02 Or

Electronic and other

electrical equipment ....... 0.5 03 03 09 04 0S 03 0.1 03 (x) 0.1 0.1
‘Transportation equipment . . . -0.1 05 06 0.0 29 10 0.0 02 02 (x) 02 03
Instruments and related products . . . . ies) 12 04 (x) 09 09 ~ 02 03 (Xx) 0.1 0.1
Nondurable goods industries . _ & 01 0.1 ro 01 02 ® 0.5 03 (x) 02 01
Food and kindred products ..... . (X) 07 02 8 & (x) (xX) (X) (X) (Xx) 07 02
Tobacco products... . . . &) 35 01 (x) (x) &) toa} & (x) (x) 03 00
Textile mill products . . . (xX) 03 03 (xX) (NA) (NA) (X) (NA) (NA) (xX) 03 0.1
Paper and allied products . . ae (xX) 02 03 (xX) (NA) (NA) (X) (NA) (NA) (X) 02 03
Chemicals and allied products... . &) 02 02 &) ) ea) ®) (xX) (x) (X) 01 02
Petroleum and coal products (x) 05 03 (X) (X) (X) (X) (X) (X) (X) 0.5 02
Rubber and plastics products cee (ea) 05 02 (xX) (x) (Xx) (xX) (x) (x) (X) 0.1 02

Capital goods industries :
Nondefense 0.0 0.6 04 0.1 18 0.6 0.0 01 0.1 (X) 0.1 03
Defense 0.0 2.0 08 01 109 48 0.0 03 02 (X) 05 03

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

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

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


CURRENT INDUSTRIAL REPORTS

oe,
a7

‘ares OF

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

Manufacturers’ Shipments,

Inventories, and Orders

May 1996
1-(96)-5
For Wire Transmissions 10:00 a.m. E.D.T. July 3, 1996

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

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

Summary

New orders for manufactured goods in May increased $5.9 billion or
1.9 percent to $315.9 billion, the Department of Commerce, Bureau of the
Census reported today. This follows a 0.2 percent April increase, is the third
consecutive monthly increase, and is the largest since the 2.7 percent August
1995 increase. Excluding transportation, new orders increased 0.4 percent,
the fifth increase in the last six months. Year to date, new orders are 3.8
percent above the same period a year ago.

Shipments, up for the fourth consecutive month, increased $3.4 billion
or 1.1 percent to $314.1 billion, following a 2.0 percent April increase. Year
to date, shipments are 3.2 percent above the same period a year ago.

Unfilled orders, up eight of the last nine months, increased $1.8
billion or 0.4 percent to $480.8 billion, following a 0.1 percent April
decrease. The unfilled orders-to-shipments ratio was 2.80, down from 2.83
in April

Inventories, down for the third consecutive month, decreased $0.7
billion or 0.2 percent to $420.7 billion. This follows a slight April decline.
The inventories-to-shipments ratio was 1.34, down from 1.36 in April

New Orders.

New orders for manufactured durable goods in May increased $5.7
billion or 3.4 percent to $172.2 billion, revised from the previously published
3.3 percent increase. This follows a 1.7 percent April decrease, Excluding
transportation, new orders increased $1.1 billion or 0.8 percent to $129.3
billion, the fifth increase in the last six months.

Transportation equipment, up two of the last three months, had the
largest increase, $4.6 billion or 12.2 percent to $42.8 billion; led by aircraft
and parts, most component categories increased. This follows a 12.1 percent
April decrease. Industrial machinery and equipment, up four of the last five
months, increased $0.7 billion or 2.3 percent to $33.4 billion, following a
slight April increase. Fabricated metal products increased $0.3 billion or 2.1
percent to $17.1 billion, following a 6.6 percent April increase. Stone, clay,
and glass products, up ten of the last thirteen months, increased $0.3 billion
or 44 percent to $7.9 billion Primary metals, increased $0.2 billion or 1.5
percent to $15.1 billion, following a 7.6 percent April increase. Electronic
and other electrical equipment, down four of the last five months, decreased
$0.6 billion or 2.1 percent to $26.9 billion, following a 2.4 percent April
decrease. Instruments and related products decreased $0.3 billion or 2.6
percent to $11.6 billion, following a 4.8 percent April increase.

New orders for nondurable goods, up seven of the last eight months,
increased $0.2 billion or 0.1 percent to $143.7 billion, following a 2.4
percent April increase, The largest increases were in chemicals and allied
products and food and kindred products; petroleum and coal products had
the largest decline.

Shipments

Shipments of durable goods in May increased $3.1 billion or 1.9
percent to $170.6 billion, unrevised from the previously published 1.9
percent increase. This follows a 2.2 percent April increase and is the third
increase in the last four months.

Transportation equipment, up three of the last four months, had the
largest increase, $1.3 billion or 3.3 percent to $40.6 billion, mostly due to
aircraft and parts. This follows a 7.3 percent April increase. Industrial
machinery and equipment, up for the first month since February, increased
$0.5 billion or 1.7 percent to $33.2 billion, following a 1.6 percent April

decrease. Stone, clay, and glass products, up eleven of the last thirteen
months, increased $0.4 billion or 4.7 percent to $8.0 billion. This follows
a 1.5 percent April increase. Electronic and other electrical equipment, up
three of the last four months, increased $0.2 billion or 0.8 percent to $28.1
billion, following a 0.9 percent April decrease. Instruments and related
products, up for the first month since February, increased $0.2 billion or 1.6
percent to $11.9 billion. Fabricated metal products increased $0.2 billion or
1.1 percent to $16.8 billion, following a 5.4 percent April increase. Primary
metals, increased $0.1 billion or 0.6 percent to $14.7 billion, following a 2.8
percent April increase

Shipments of nondurable goods, up six of the last seven months,
increased $0.3 billion or 0.2 percent’ to $143.6 billion, following a 1.8
percent April increase. Chemicals and allied products, up for the third
consecutive month, had the largest increase, $0.5 billion or 1.7 percent to
$31.6 billion. Food and kindred products increased $0.2 billion or 0.6
percent to $38.7 billion, following a 1.7 percent April increase. Petroleum
and coal products, down for the first month since October, had the largest
decrease, $0.6 billion or 3.7 percent to $15.4 billion.

Unfilled Orders

Unfilled orders for durable goods in May increased $1.6 billion or 0.4
percent to $458.0 billion, revised from the previously published 0.3 percent
increase. This follows’ a 0.2 percent April decrease and is the eighth
increase in the last nine months.

Transportation equipment, up six of the last seven months, increased
$2.2 billion or 1.0 percent to $219.6 billion, due to aircraft and parts. This
follows a 0.5 percent April decrease. Primary metals increased § 4 billion
or 1.4 percent to $28.9 billion. This follows a 1.0 percent April increase and
is the third increase in the last four months. Fabricated metal products, up
three of the last four months, increased $0.3 billion or 1.4 percent to $21.4
billion, following a 0.7 percent April increase. Industrial machinery and
equipment, up four of the last five months, increased $0.2 billion or 0.3
percent to $73.9 billion. This follows a slight April increase. Electronic and
other electrical equipment, down three of the last four months, decreased
$1.2 billion or 2.2 percent to $52.4 billion, following a 0.7 percent April
decrease, Instruments and related products, down two of the last three
months, decreased $0.3 billion or 0.7 percent to $46.1 billion, following a
0.4 percent April increase.

Inventories

Inventories of durable goods in May increased $0.1 billion to $267.5
billion, following a 0.1 percent April increase. Instruments and related
products, up for the twelfth consecutive month, had the largest increase, $0.1

illion or 0.5 percent to $23.7 billion, following a 0.6 percent April increase.
Fabricated metal products had the largest decline, $0.1 billion or 0.4 percent
to $24.5 billion, This is the third consecutive monthly decline. The
remaining durable goods industries showed small fluctuations between April
and May.

Inventories of nondurable goods, down for the third consecutive month,
decreased $0.8 billion or 0.5 percent to $153.2 billion, following a 0.2
percent April decline. Decreases were widespread. ‘Paper and allied
products, and apparel and related products had the largest declines.

By stage of fabrication, May finished goods increased 0.2 percent in
durables and decreased 0.6 percent in nondurable. Work in process
increased 0.1 percent in durables and decreased 0.1 percent in nondurables,
Materials and supplies decreased 0.2 percent in durables and 0.6 percent in
nondurables.

SEE BACK PAGE FOR UPCOMING REVISIONS

‘The advance report on durable goods for June is scheduled for July 25, 1996 at 8:30 a.m. and the full report on August 2, 1996 at 10:00a.m. For sale by the Superintendentof Documents,
U.S. Government Printing Office, Washington, DC 20402. This report is also available the day of issue through the Department of Commerce’s online Economic Bulletin Board (N-8-1)
(202-482-3870)and through the Census Bureau's online information service--CENDATA. CENDATA is available from Dialog InformationServices. Inc, (1-800-334-2564\and CamnnServe


U.S. Department of Commerce
BUREAU OF THE CENSUS
Washington, D.C. 20233

FIRST-CLASS MAIL
POSTAGE & FEES PAID
CENSUS

Official Business PERMIT No. G-58

Penalty for Private Use, $300

NOTICE

Revised historical data for Manufacturers’ Shipments, Inventories, and
Orders will be issued in mid-July. The revisions to the historical
data are the result of:

e benchmarking the shipments and inventory data to the revised
1988-1991 Annual Survey of Manufactures (ASM); 1992 Census of
Manufactures; and 1993-1994 Annual Survey of Manufactures (ASM).

e benchmarking the defense shipments series to the 1992 MC9675
"Shipments to Federal Government Agencies."

e adjusting new and unfilled orders to be consistent with the
benchmarked shipments and inventory data.

e correcting monthly data for late receipts, reclassification of
reported data, and revisions to previously reported data.

e updating the trading day adjustment factors for the shipments
series.

e updating the seasonal adjustment factors for all series,

including re-evaluating options used.

The publication will include data from 1982-December 1995. Please
call Kathy Menth on (301) 457-4832 with questions.



Nondefense Capital Goods "4
New Orders and Shipments

Three Month Moving Averages
Billions of Dollars

52 - New Orders | 52.

1 1 i 4 1 ia 1 1 i 1 1 i 1
May Jul Sep Nov Jan Mar May Jul Sep Nov Jan Mar May
May. 1994 -May. 1996

Defense Capital Goods
New Orders and Shipments
Three Month Moving Averages

Billions of Dollars

11 "4

tok New Orem | | 49)
Shipments

ar 49

gr +8

5U 1 i i L Ll 1 L 1 L L 1 J

5

May Jul Sep Nov Jan Mar May Jul Sep Nov Jan Mar May
May. 1994 - May. 1996 ‘Note: All Charts based on seasonally
adjusted current dollars,


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

BY INDUSTRY GROUP
(Millions of dollars)

Seasonally adjusted

Not seasonally adjusted

Industry Monthly Percent Change Monthly Percent
change
May Apr. Mar. | Apr.- | Mar- | Feb~- May Apr. Mar. May | May
1996" 1996 1996 | May | Apr. | Mar. | 1996" 1986 1996 1995 | 96/95
MATERIALS AND SUPPLIES
All manufacturing industries 137,513 | 138,075 | 138,130 04 0.0 -0.6 | 136,774 | 137,441 136,973 | 133,757
Durable goods industries . 81,559 81,761 81,702 0.2 +0.1 0.2 80,881 80,906 80,468 77,535
Stone, clay, and glass products . 2,796 797 2,807 0.0 04 0.5 2,79: 2,760 2,786 2,798
Primary metals .......... 6,845 6,773 6,733 +h +06 03 6,672 6,547 6,533 554
Fabricated metal products . . . 8,791 8,797 8,753 0.1 +05 +0.1 8,757 8,766 8,738 8,953
Industrial machinery and ‘equipment 18,881 18,817 18,787 +03 +02 05 18,980 18,651 18,281 17,868
Electronic and other
electrical equipment 16,288 16,430 16,184 -0.9 +S -Ll 16,124 16,384 15,959 14,689
‘Transportation equipment . . . 10,231 10,371 10,507 “13 “13 0.8 10,302 10,437 10,533 10,319
Instruments and related products 7,538 7,564 4 -0.3 +09 +42 583 597 7,447 6,957
Lumber, furniture and
miscellaneous durable goods 10,189 10,212 10,433 ~0.2 21 0.7 9,668 9,764 10,191 9,397
Nondurable goods industries . 55,954 56,314 56,428 0.6 0.2 Ld 55,893 56,535 56,505 56,222
Food and kindred products 10,779 10,769 10,635 +0.1 +13 03 10,529 10,748 10,712 9,845
Tobacco products . . 4,721 1,708 764 +03 “12 01 628, 4,737 4,903 4,565
Textile mill products 2,934 2,938 2,937 0.1 0.0 25 3,025 2,982 2,941 3,094
Paper and allied products . 7,652 7,801 7,804 “19 0.0 -2.1 7,621 7,793 7818 7,838
Chemicals and allied products” 11,782 11,737 11,685 +0.4 +04 +03 11,867 11,770 11,630 11,716
Petroleum and coal products 3,372 3,534 577 46 12 +14 3,48: 3,656 3,543 3,447
Rubber and plastics products 4,924 4,893 4,880 +06 +03 1D 4,951 4,934 4,897 5,349
Apparel, printing and publishing =
and leather goods . . 9,790 9,934 10,146 14 21 2.9 9,784 9,915 10,061 10,368
WORK IN PROCESS
All manufacturing industries 138,375 | 138,267 | 137,746 +0.1 +0.4 40.2 | 139,274 | 138,367 | 137,395 | 133,912 +4.0
Durable goods industries ...... 113,407 | 113,284 ] 112,866 +0.1 +04 +0.3 | 114,565 | 113,459 | 112,611 109,562 +4.6
Stone, clay, and glass Products 1,293 3298 1,318 04 “15 0.5 1,349 (365 392 1,347 +0.1
Primary metals wee 8,433 8,448 8,426 02 +03 +0.5 8,430 8,479 8,496 B14 +39
Fabricated metal products . 7,505 7,583 7,550 10 +0.4 0.5 7,544 7,616 7,575 8,032 -6.1
Industrial machinery and ‘equipment 20,315 20,334 20,236 01 +0.5 10 20,503 20,215 19,872 19,625 +45
Electronic and other
electrical equipment... . 18,382 18,278 18,104 +0.6 +10 +16 18,672 18,446 18,123 16,894 +10.5
Transportation equipment 42,467 42,467 42,382 0.0 +02 +0.4 42,932 42,310 42,362 41,086 +4.5
Instruments and related products - 10,104 9; 9,934 +11 +07 42.2 10,175 10,093 9,856 9,288 +95
Lumber, furniture and
miscellaneous durable goods... . . 4,908 4,877 4,916 +0.6 0.8 13 4,960 4,935 4,935 5,176 42
Nondurable goods industries 24,968 24,983 24,880 -0.1 +0.4 -0.4 24,709 24,908 24,784 24,350 +15
Food and kindred products 283 292 4,277 -0.2 +0.4 0.1 3,896 4,095 4,252 708 +5.1
Tobacco products . . 195 184 185 +6.0 0.5 48.8 144 144 158 135 +6.7
Textile mill products . 2,693 2,721 2,738 -10 -0.6 +0.1 2,715 2,754 2,745 2,704 +04
Paper and allied products . . . 1,588 1,583 1,598 +03 09 “Ll 1,607 1,603 1,602 1,402 +146
Chemicals and allied products 5,730 5,815 5,819 “LS 0.1 0.0 5,783 5,802 5,774 5,561 +4.0
Petroleum and coal products 2,373 2,346 2,366 +12 0.8 45.6 2,423 2,373 2,365 2,404 +0.8
Rubber and plastics products . . 1,995 2;005 2,060 0.5 2.7 +11 1,986 1,996 2,045 2,105 5.7
Apparel, printing and publishing
and leather goods . . . 6111 6,037 5,837 +12 $3.4 4.0 6,155 6,141 5,843 6,331 28
FINISHED GOODS
All manufacturing industries 44,840 | 145,125 | 145,645 02 4 01 148,384 | 147,645 | 146,433 | 144,827 42.5
Durable goods industries . . . 72,527 72,381 72,622 +02 04 74,981 74,298 73,312 72,939 +28
Stone, clay, and glass products 3,990 4,066 4118 “19 0.2 4,141 4,235 4,210 4,353 49
Primary metals . 6,579 6,671 6.886 “14 42.1 6,748 6,882 6,957 7,092 49
Fabricated metal products 8,168 8,171 8,341 0. -23 8,546 8,567 8,611 8,891 39
Industrial machinery and ‘equipment 16,417 16,504 16,276 +0. +10 16,815 16,936 16,391 15,412 +9.1
Electronic and other
electrical equipment .......... 12,896 12,900 12,838 0. 2.6 13,422 13,160 12,544 12,685 +58
‘Transportation equipment . 8344 8253 362 +1 422 81561 8347 8517 8415 +17
Instruments and related products - 6,042 6,007 6,003 +0. 12 6,145, 5,992 5,921 5,869 +47
Lumber, furniture and
miscellaneous durable goods . . 10,091 9,809 9,798 +2, AZ 10,603 10,179 10,156 10,222 +37
Nondurable goods industries . 72,313 72,744 73,023 -0. 40.1 73,403 73,347 73,121 71,888 42.1
Food and kindred products . 16,761 16,907 16,759 -0: 40.3 16,221 16,400 16,375 16,283 0.4
Tobacco products .... 634 626 606 +1. 49 550 561 570 473 +163
Textile mill products .. . 4,517 4,531 4,555 -0. 0.7 4,760 4,730 4,594 4,785 0.5
Paper and allied products oe 6,930 6,980 7,282 0. +08 7,183 7,223 7,426 6,153 +163
Chemicals and allied products 18,806 18,816 18,789 -0. +10 19,054 19,207 19,208 18,747 +16
Petroleum and coal products 873 5,811 5,733 +1. +16 6,063 5,788 5,604 5,696 +64
Rubber and plastics products. . . 6,901 6,936 6,992 0. +12 7,063 7174 7,269 6,888 +25
Apparel, printing an publish 2
and leather goods 11,891 12,137 12,307 2 2.5 12,539 12,264 12,075 12,863 25

* Preliminary. * Revised.

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


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

(Millions of dollars)

Seasonally adjusted

Not seasonally adjusted

Industry Monthly Percent Change Monthly Percent
change
May Apr. Mar. Apr-] Mar.-|— Feb.- May Apr. Mar. May May
1996" 1996" 1996] May} Apr. | Mar. 196° 1986! 1996 1995] 96/95
All manufacturing industries . 480,836 | 479,066] 479,760 +0.4 0.1 +1.0] 485,628} 485,503] 484,620] 466,720 +41
Manufacturing industries
without defense capital goods .... . 369,362 | 367,529] 368,218 +0.5 02 40.5} 373,132] 371,574] 370,266] 355,933 44.8
Durable goods industries . . . 457,968 | 456,355] 457,326] +0.4 02} +12] 461,974] 462,234] 461,905} 439,928] —+5.0
Stone, clay, and glass products... . . 7,883} 7,967] 8,028] -1.1 08] +03 7944] 8010] 8014] 7,805] +18
Primary metals... 22... +. | 28,893] 28,495] 28,223) +14] +10] 13] 29,950] 30,010] 30,044] 29,514] +15
Blast furnaces, steel mills . 12,366} 12,030] 11,989] 42.8] +03, 26] 12,811] 12,683] 12,936] 12,061] +6.2
Iron and steel foundries . 3,984 4,006 3,992 0.5 +04 40.1 4,032 4,126 4,113 3,850 +47
Nonferrous and other primary
metals : 12,543] 12,459} 12,242] 40.7] 418 -0.6| 13,107} 13,201] 12,995] 13,603 36
Fabricated metal products : 21396] 21,096} 20.958] +14] +0.7 02] 21,529] 21,174] 21,093} 21,539 0.0
Industrial machinery and equipment 73,928} 73,719} 73,703] +03 00] -0.7) 74,112] 73,889) 73,779) 72387] -+2.4
Engines and turbines ........ 10,277] 10,277] 10,268 00) +01 29] 9,757] 9,807] 10,055 9317] 44.7
Construction, mining and
material handling equipment .. 8,980 8,928 8,885 +0.6 +05 -13 9,169 9,214 9,280 7,981} +149
Metalworking machinery s+» | 10134] 9,923] 10,020) 42.1 -10} 40.2] 10,134] 9,923] 10,020] 11,158 92
Computer and office equipment . . 10,963} 11,109] 11,096} -13] 40.1 -15] 11,347] 10.941] 10,539] 12,434 87
Electronic and other
electrical equipment ........... 52,405} 53,608] $4,012 22 07 0.0] 53,259] 54,787] 53,517] 53,625 07
Electrical transmission and
distribution equipment and
industrial apparatus ........... 5,702} 5,711 5,837 -02 22) 40.7] 5,715 5,729 5,837] 6,091 62
Electric lighting and
wiring equipment . 4,043] 4,057] 4,022 03] +09] +05) 4,043) 4,057} 4,022 3,887] +4.0
Communications equipment 18,156] 18,901] 18817] -39] +04] +3.7| 18,144] 18,948] 18,800] 16,789] -+8.1
Electronic components. . . 19,521} 20,003} 20,400) -2.4 +19 31] 20,438) 21.219] 19,950] 21,532) -5.1
‘Transportation equipment 219,578] 217,363] 218,496] +10| 0.5] +32] 220,763] 219,782] 221,093] 200,014] +104
Aircraft, missiles,
space vehicles, and parts. . . 191,991] 189,393] 189,887] +14] -03] +4.0] 193,126] 191,549] 192,213] 169,048] +14.2
Shipbuilding and tanks . . . . 15,985] 16,322] 16,733 21 25 -14] 16078] 16,382] 16,772] 18,084) ILI
Instruments and related products 46,123] 46,454] 46,285 07] +04] 08] 46,027] 46,663] 46,884] 46,269] -0.5
Search and navigation equipment 28,958} 29,281 | 29,236 sll 40.2 0.1] 28,857] 29,470] 29,739] 30,004 38
Measuring and controlling devices 10,084 10,227 10,195 “14 +03 -16 10,084 10,227 10,195 9,702 43.9
Medical instruments and Supplies 6.029] 5878] 5,850] +26] +05 “3. 6,029} 5,878 5.850] 5,713] +55
All other durable goods . . . - 7,762 7,653 7,621 +14 +04 -1.0 8,390 7,919 7,481 8,775 4.4
Nondurable goods industries ...... . 22,868} = 22,711 22,434 +0.7 +12 25} 23,654] 23,269] 22,715} 26,792} -11.7

° Preliminary. * Revised.

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


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

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

May | Apr. | Mar. | Apr.- | Mar.-| Feb-| May | Apr. | Mar.} May | May
1996" | 1996'| 1996} May| Apr.| Mar.| 19967] 1996" 1996] 1995] 96/05} 19967 | 1995

All manufacturing industries... .. | 315,899] 310,043} 309,485] 41.9} +02] 41.7] 316,926] 308,324 326,253] 297,199} +6.6] 1,541,533 ]1,482,961
Manufacturing industries

with unfilled orders... .... +++ f 173,585] 168,333] 172,681] 43.1] -2.5] +281 170,181] 165,086] 185,500] 160,734] +5.9] 848,840] 811,510
without defense capital goods . . .. . | 309,661} 303,836] 300.034] +1.91 +13] 40:5] 312.2301 303016 313,892] 292,840] — +6.6 1,507,368 1,453,946
Durable goods industries... . +| 172,172) 166.477) 169,278] +34) -1.7] +2.61 172,421] 165,969] 183,169} 159,850] +79] 845,746] 808,385
With unfilled orders... 2... 138,446) 133,067) 138,357) +4.0) -3.8)  +3.7/ 135,591] 130,184] 150,301] 126,186] +75} 677,129 640,067
Stone, clay, and glass products... 7,866) 7,535] 7,514) +44) 40.3) +29) 7,989] 7,747] 7,197] 7.112 +123] 36,606] 33,853
Primary metals... 2... 15,133) 14,916) 13,859] +15) 47.6 -3.6 15,116] 14,922] 15,193] 14356] +53] 75.937] 781461
Blast furnaces, steel mills . see 6,470) 6,212) 5,629] +42) +104 -421 6.446] 6,052] 6,175] 6.190] +4.1] 32,230] 33,931

Iron and steel foundries
Nonferrous and other primar

metals... 7,250) 7.305] 6,939} -0.8} +53) -0.31 7,237] 7.3931 7,614] 6,940| +43] 36,292] 37,559
fabricated metal products... ....1 17,122 16.775] 15,733} 42.1] +66 -1.4| 17'397| 16744] 16355] 162671 183 82,135] 79,872
Industrial machinery and equipment .| 33.404] 32,668] 32,664] +23 4.7] 32,750] 31,268} 37,448} 30,704] +6.7] 164.136] 153.796

oO. .
Engines and turbines 1,701 1,680 1,522] +1.3] +104] -19.7 1,591 1,319 1,470] 1,690] 5.9 7,561 7,935
Construction, mining and

1,413, 1,399 1,291] +1.0} +8.4)  -15.8) 1,433] 1,477| 1,404] 1,226} +169 7,415 6,971

material handling equipment . . . 3.511) 3.496] 3,366) +04) +39) -11.1} 3,525] 3,477] 3,883] 3,291 47.1} 18,300} 17,037
Metalworking machinery... . 3.807] 3.456) 3,524) +1021 -1.91 -7.0) 3,742] 3.2241 3.767] 31494] +7.1| 17318] 17478
Computer and office equipment . 9,523} 9,380} 9,720) +1.5{ -3.5)  -3.0 8,712] 7,707] 12321] 7812] +11'5] 43,969] 38758
Electronic and other
slectrical equipment... ........] 26,862} 27,445] 28,108] 2.1] 2.4 +491 25,719] 27,486] 28,549 25,901] —-0.7] 133,936] 128,099

Electrical transmission and
distribution equipment and

industrial apparatus... 1.2... 2,828] 2,778} 2,843] +1.8|  -2.3]  -0.9/ 2,792] 2,761} 3,082] 2,802} -0.4] 14,090] 14,434
Electric lighting and
Wiring equipment . ....-......1 1958] 1980 1989{ -14|  -o3] +05} 1,942) 1,900) 2,139 1,899} +23] 9,879] 9,781
Communications equipment... 6,139} 6,734] 7,632] -8.8) -11.8] +9.4] 5,635] 6.196] 8.304] 6.168) 32,224] 29,224
Electronic components .........1 10,203] 10,322 10,232] -12| +09 +79] 92776 11'saol 9,839 9,970 -1.9] 51,530] 50,920
Transportation equipment .... . . 42,824) 38,184) 43,436) +12.2) -12.1) +146 44,270] 39.741] 48,425] 37.905] +16.8| 213324] 197'593
Aircraft, missiles,
space vehicles, and parts. .....1 11,507] 7,388] 15,582] +55.8] -52.6 +861] 10,154] 6,864] 18,5971 7,140] 442.2 54,213] 38,738
Shipbuilding and tanks ..... . 425} 446) 5534.7] -19.3 466] 453 693] S10], -8.6) 3,811] 3,318
Instruments and related products .... | 11,554] 11,862] 11,314] 26] +43 11,286] 10,816] 12,349] 10,897] 43.6} 56,898] 54,177
Search and navigation equipment 2,111) 2,448) 2,337) -13.8) +4.7] -17.2) 1,818] 1,939] 2.686] 2.024] -102. 11,103} 10,749
Measuring and controlling devices 3,702] 3,730) 3,620] 0.8] +3.) -5.8) 3,706) 3,504] 3,997) 3,637] +19] 18's63| 18112
Medical instruments and supplies .| 3,440] 3.2831 2.967] +4.8| +107] 123] 3401 3123 3'205| 29171 4106 16,054] 14,601
All other durable goods . . . 17,407] 17,092] 16,649] +18] +2.77 +4.4) 17,694] 17,2451 17,453] 16,708] +5.9 82,774] 82,534
Nondurable goods industries . ..... .} 143,727] 143,566] 140,207] +0.1| 42.4] +07] 144,505] 142,355) 143,084 137,349] +5.2] 695,787} 674,576
With unfilled orders . +--+] 33,139} 35,266] 34,324) 0.4) 427] 34,590] 34,902] 35,199] 34,548] 0.1] 171,711] 171,443

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

{©) 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 dolla
increase from the prior month to the current month.

Note : Estimates of manufacturers’ shipments, inventories and orders are subject to survey error and revision. One major component of survey error is nonsampling erro
hich includes errors of coverage, response, and nonreporting. Since the survey panel is not a probability sample, estimates of sampling crror cannot be calculated. Furthe
Seals 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: 1982-1992."


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
1996" 1996" 1996 | May} Apr.| Mar.] 1996? 1996" 1996 1995 | 96/95 1996” 1995
All manufacturing industries... . . | 314,129] 310,737) 304,660) +1.1] +2.0)  +0.3] 316,801) 307,441) 319,575) 298,324 +6.2] 1,517,262 }1,468,009
Manufacturing Industries
with unfilled orders . . «+ | [71,815] 169,027] 167,856} +1.6] +0.7) +0.2] 170,056) 164,203] 178,822] 161,859] +5.1] 824,569] 796,558
without defense capital goods . 307,828} 304,525} 298,207] +11] +2.1] +0.2) 310,681] 301,708} 312,696) 291,964) +6.4) 1,487,308 |1,436,676
Durable goods industries 170,559] 167,448] 163,867] +19] +2.2)  -0.2) 172,681] 165,640] 176,514] 161,166] +7.1{ 823,231} 795,905
With unfilled orders 136,833] 134,038] 132,946] +2.1] +0.8} +0.2) 135,851] 129,855] 143,646] 127,502) +65) 654,614) 627,587
Stone, clay, and glass products . 7,950) 7,596] 7,486) +4.7[ +15} 42.1 8,055) 7,751 7,308] 7,056] +14.2] 36,302) 33,562
Primary metals ..... . 14,735] 14,644) 14,245] +0.6] +2.8)  -0.21 15,176} 14,956] 14,946] 15,519) 2.2 73,469] 76,806
Blast furnaces, steel mills. 6,134) 6,171 5,944) -0.6]  +3.8) -1.5) 6,318 6,305] 6,258) 6,544) 35 31,088) 32,521
[ron and steel foundries 1,435) 1,385) 1,288) 43.6) +75) -0.2| 1,527] 1,464] 1,364 1,387) +10.1 6,923 6,808
Nonferrous and other primary
metals... . . 7,166) 7,088! 7,013) +11) +1. 7,331 7,187) 7,324 7,588) -3.4) 35,458] 37,477
Fabricated metal products: - +] 16,822] 16,637) 15,781] +11) +5.4) 17,242} 16,663) 16,547) 16,044) +75 81,297] 78,825
Industrial machinery and equipment . | 33,195] 32,652) 33,184) +1.7| 32,527] 31,158] 39,086) 30,237 +7.6] 162,426] 148,605
Engines and turbines... .. 1,701 1,671 1,832} +1.8] 1,641 1,567| 2,107, 1,928} -14.9 5, 242
Farm and garden machinery 1,951 1,825 1,905] +69) 2,359} 2,404) 2,630) 2,068) +14.1 11,455] 10,973
Construction, mining and
material handling equipment . 3,459 3,453) 3,479} +0.2) 0.7] 43.2} 3,570) 3,543) 3,855) 3,263 49.4 17,590] 16,055
Metalworking machinery 3,596} 3,553 3,505} +12) +14) +1.) 3,531 3,321 3,748] 3,237 +91 16,734] 15,897
Computer and office equipment 9,669] 9,367] 9,885] +3.2) 5.2) -3.8) 8,306] 7,305] 12,745) 7,653| +8.5 43,845] 37,524
Electronic and other
electrical equipment 28,065} 27,849) 28,088) +0.8) 0.9) +1.5] 27,247] 26,216] 29,687] 24,951 +9.2) 133,437] 120,606
Electrical transmission an
distribution equipment and
industrial apparatus... . 2,837) 2,904] 2,804) -2.3] +3.6, +1.7] 2,806} 2,869) 3,063 2,788 +0.6 14,054) 14,089
Household appliances . 2,054 2,008} 2,034) +2.3 -1.3) +55] 2,093) 2,002] 2,212) 1,905) +9.9 9,787 9,183
Electric lighting and
wiring equipment ............ 1,972) 1,945, 1,969) +1.4] -1.2| +2.0) 1,956) 1,865] 2,119) 1,885) +38 9,679 9,537
Household audio and
video equipment .... 1,287 1,362 1,256] -5.5]_+8.4 1,066) 1,100) 1,183] 947) +12.6 5,321 4,851
Communications equipment 6,884) 6,650) 6,959) +3.5) 44) 6,439] 6,048} 7,635) 5,655) +13.9 31,337| 27,439
Electronic components . . . 10,685] 10,719) 10,882) -0.3] -1.5] 10,557] 10,271] 11,386} 9,590) +10.1 $2,660] 45,320
Transportation equipment 40,609] 39,317] 36,649) +33) +7.3] 43,289] 41,052] 39,225] 39,559) +9.4] 198,030} 200,753
Motor vehicles and parts . 28,898] 28,641) 25,353} +0.9] +13.0) 31,793] 30,566] 26,939] 28,576) +11.3} 145,625] 145,348
Aircraft, missiles,
space vehicles, and parts. 8,909) 7,882| 8,243] +13.0] 44) 8,577] 7,528] 8,938] 7,846) +93 38,016} 40,582
Shipbuilding and tanks 762) 857) 796) -EL.A}  +7.7) 770) 843 841 854) 9.8 3,987 4,173
Instruments and related products ....} 11,885} 11,693) 11,705] +1.6| -0.1 11,922} 11,037] 12,464) 11,568) 43.1 57,239| 55,926
Search and navigation equipment 2,434] 2,403, 2,364] +13) +16] 2,431 2,208) = 2,544 2,501 28 11,733} 12,452
Measuring and controlling devices . 3,845) 3,698] 3,785] +4.0} 23) 3,849] 3,472) 4,162) 3,657) +53 18,585] 17,659
Medical instruments and supplies 3,289] 3,255 3,281] +1.0] 0.8) 3,250] 3,095) 3,519} 3,088) 45.2 15,968 15,180
Photographic goods 1,875) 1,895, 1850] -1.1) +24) 1,927 1,809] 1,805| 1,898) +15 8,849 8,665
All other durable goods .......... 17,298 17,060} 16,729} +14) +2. 17,223] 16,807] 17,251} 16,232 +6.1 81,031] 80,822
Nondurable goods industries 143,570] 143,289] 140,793] +0.2]  +1.8)  +0.9] 144,120] 141,801} 143,061] 137,158 +5.1] 694,031] 672,104
With unfilled orders 34,982] 34,989} 34,910} 0.0} +0.2)  +0.5) 34,205) 34,348] 35,176] 34,357 -0.4} 169,955} 168,971
Food and kindred products 38,681} 38,464] 37,807) +0.6)  +1.7] 0.0] 38,787] 37,271] 38,346] 35,752] +8.5| 186,615} 176,134
Meat products ...... 8,926} 8,772 8,878} +18 1.2) +2. 9,105) 8,462] 8,792, 8,169} +115 42,879] 39,836
Dairy products . 4,956} 4,822) 4,810] +2.8| +0.2)  +0.1) 5,035 4,716] 4,909) 4,690] +74 24,098] 23,264
Beverages ...... 5,753} 5,846) $5,645] -1.6]  +3.6f  +1.0) 6,248) 5,821 5,598) 5,782) 48.1 27,555} 25,614
All other foods, except f fats and 17,036] 16,924] 16,527] +0.7| +24) +04) 16,389] 16,172) 17,100] 15,328] +69 81,701] 77,733
Tobacco products see 2,872] 2,931 3,014) -2.0 28) -0.1 2,941 2,835) 3,142| 3,120 57 14,417] 14,157
Textile mill products ...... 6,137] 6,020) 6,094) +1.9) =12[ 0 +15} 6,173) 5,765) 6,465) 6,296) -2.0| 29,233] 30,807
Broadwoven fabrics and
other textiles 3,747 3,713] 3,755) +0.9 “LAP +21 3,852] 3,592 4,072} 3,979 3.2 18,372] 19,530
Paper and allied products 12,903} 13,085} 13,053} -1.4) +0.2) -1.2) 12,835] 12,708) 13,189) 13,932 19 64,858] 67,090
Pulp, paper, and
paperboard mill products .. . 5,094] 5,175) 5,184) -1.6) 0.2) -2.1 5,109] 5,053 5,235] 6,111 -16.4 25,939] 29,091
Paperboard containers and boxes 3,415 3,480] 3,539} -1.9) 17} -3.3) 3,415} 3,453) 3,564 3,806] -10.3 17,612] 18,093
Miscellaneous converted
paper products ....... 4,394] 4,430) 4,330) -0.8) 42.3) +16) 4,311 4,202} 4,390] 4,015! +74 21,307] 19,906
Chemicals and allied products 31,633] 31,093) 30,380] +1.7) 42.3) +04) 32,137) 32,072) 32,175] 30,743 +45} 155,504] 153,407
Industrial chemicals . . . 16,497} 16,161] 15,928] +2.1] +1.5] +0.5] 16,860] 16,556) 16,632) 17,051 ll 81,280] 84,701
Drugs, soaps, and toiletries . 11,317] 11,119} 11,069] +18) +0.5)  +2.5) 10,468) 10,531] 11,605 9,440) +10.9 53,592] 49,667
Petroleum and coal ptoducts . . 15,377] 15,962} 15,038] -3.7} +6.1] +5.4) 16,342) 15,998) 13,783] 14,000) +16.7 71,535] 62,572
Rubber and plastics products. 10,367] 10,302} 10,081} +06] +2.2| +0.6| 10,769) 10,565) 10,660) 10,373 +38 51,193] 50,917
All other nondurable goods 25,600} 25,432} 25,326} +0.7] +0.4) +1.5| 24,136) 24,587) 25,301} 22,942 +5.2] 120,676} 117,020

¥ Preliminary. Revised,

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