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
1995? 1995" 1995] May| = Apr.} Mar. 1995" 195° 1995 1994} 95/04
All manufacturing industries . 408,245] 405,678] 402,081] +06) +09} +06] 412,443] 407,559] 402,074] 385,301] — +7.0
Manufacturing industries
with unfilled orders... . 272,471 | 270,365] 267,741 +0.8 +10 +0.8] 276,632] 272,160] 267,102] 256,926 +77
without defense capital goods 386,273 | 383,707] 379,957] +0.7]  +1.0] = +0.7] 390,048] 385,546] 380,048] 360,167] +83
Durable goods industries 256,829} 255,334] 253,237} +06] +0.8] +04] 260,017] 256,567] 253,082} 243,001] — +7.0
With unfilled orders : 235,232 | 233,723] 231,742] +06] +0.9] +05] 238,574] 234.876] 230,888] 223.076] +69
Stone, clay, and glass products. 8271 8,092 7,890] +22] 426] +16 8,493 8,321 8,091 7,643] #111
Primary metals... 21,708} 21,716] 21,489 OO} +11} 40.8) 21,748) 21,777] 21425] 19,622] +10.8
Blast furnaces, steel mills. . 10,349 10,361 10,178 0.1 +18 +1.0 10,246 10,215 9,990 9417 48.8
Iron and steel foundries 1,637 1,631 1613} +04] +11] +09 1,683 1,673 1,656 1,536] +9.6
Nonferrous and other Primary
metals . a 9,722 9,724] 9,698 00} +03} +05 9,819 9,889 9,779 8,669} +133,
Fabricated metal products... 25,502 25,399] 25,154 +0.4 +10 +18 25,816 25,734 25,458 23,313]  +10.7
Industrial machinery and equipment 52,280] $1,728} 51,289] +11] +09 02} 52,907} 51,770] 50,848] 48,596] +8.9.
Engines and turbines : 3,767 3,715 3,941 +14 S72} 434 3,815 3,728 3,837 3,771 +12
Farm and garden machinery . 2,740 2,816 2,859 27 15] 40.2 2,641 2,757 2,992 2,283 | +15.7
Construction, mining and
material handling equipment 6,500 6,411 6,376 +14 40.5 Ll 6,578 6,499 6,497 5,837} +12.7
Metalworking machinery ..... 6,083 5,970 5916} +19] +09] +10 6,119 6,005 5,843 5,450] +123
Computer and office equipment . 11,444] 11,273] 10975] 44.5] 42.7 S9{ 11,719] 11,076] 10,422] 11,995 23
Electronic and other
electrical equipment 43,234) 42,996} 42,563} 40.6] +10] = +0.8] 44,238] 43,509] 42,376] 36,945] +19.7
Electrical transmission and
distribution equipment and
industrial apparatus . 4,809 4,815 4,829 0.1 0.3 +05 4,880 4,872 4,817 4411} +106
Household appliances 2,895 2,905 2,913 03 03] +07 3,147 3,120 3,054 2814] +118
Electric lighting and
wiring equipment ..... . . 3,266 3,209] 3,160] +18] = +16 02 3,351 3,244 3,173 3,004) +116
Household audio and
video equipment ....... 1,537 1,512 1437] +17] 45.2] 43.5 1,574 1,483 1,368 1,094] +43.9
Communications equipment 14,054} 13,906} 13,689] +11] = +16] = 40.5] 14,508] 14,159] 13,609] 10,893] +33.2
Electronic components 13,096 12,984 12,901 40.9 40.6 40.4 13,122 12,926 12,762 11,357] +15.5
Transportation equipment 59,345 58,856] 58,635 40.8 +0.4 +0.5 59,846] 58,644 58,691 60,993 -19
Motor vehicles and parts . 12,549 12,404 12,297 +12 +0.9 +12 12,313 12,236 12,275 11,688 $5.3
Aircraft, missiles,
space vehicles, and parts. 42,036] 41,728] 41,737] +0.7 00] +03) 42,755] 41,642] 41,689] 45,177 54
Shipbuilding and tanks . . . 1,510 1,518 1,559 0.5 2.6 04 1,568 1,570 1,586 1,638 4.3
Instruments and related products . 21,819} 21,963} 21,931 0.7] 40.1} 40.1) 22,133} 22,125] 21,711] 22,309 0.8
Search and navigation equipment 5,376 5,513 5,578 -2.5 “12 -0.7 5,428 5,550 5,468 5,818 “6.7
Measuring and controlling devices 6,981 6,969 6,878 +0.2 +13 +0.6 7,086 7,028 6,871 6,566 47.9
Medical instruments and supplies 6,084 6,099 6,071 -0.2 40.5 +02 6,175 6,115 5,980 6,325 24
Photographic goods . . 2,500 2,501 2,521 0.0 0.8 0.4 2,558 2,539 2,510 2,780 -8.0
All other durable goods . . 24,670] 24,584] 24,286] 40.3] 41.2, 0.8} 24,836] 24,687] 24,482] 23,580] +53
Nondurable goods industries ..... . . 151,416] 150,344] 148,844 +0.7 +1.0 +0.8] 152,426] 150,992] 148,992] 142,390
With unfilled orders . 37,239} 36,642] 35,999] +16] +18] +26] 38,058] 37284] 36.214] 33.850
Food and kindred products . . . 31,036] 31,165] 31,284 -0.4 04 0.0] 29,841 30,303 30,850] 29,475
Meat products ..... 3,516 3,465 3,489] +15 0.7] +02 3,597 3,524 3,553 3,486
Dairy products 2,609 2,812 2,800 72 +0.4 40.2 2,706 2,880 2,741 2,812
Beverages 5,340 5,331 5325] 402} +01] +03 5,340 5,359 5,367 5,300
All other foods, except fats and oils 18,052 18,062 18,124 -0.1 03 +0.4 16,644 16,987 17,549 15,943
Tobacco products eens 5,333 5,404 5,490 -13 “16 -3.5 5,173 5,412 5,566 5,844
Textile mill products . 10,165 10,108 10,018 +0.6 +09 +12 10,571 10,411 10,106 10,020
Broadwoven fabrics and
other textiles... 5,666 5,628 5,580] +07} +09] +10 5,842 5,789 5,631 5372] +48
Paper and allied products 14,967 14,759 14,454 HA 42.1 42.3 15,356 15,130 14,691 13,746] +11.7
Pulp, paper, and
Paperboard mill products . . 5,730 5,663 5,566 +12 +17 +13 5,902 5,808 5,660 5,895 +0.1
Paperboard containers and boxes 4,155 4,058 3,903] +24] +40) 433 4209] 4.144 3,973 3.197] 431.7
Miscellaneous converted
Paper products... . 5,082 5,038 4985] +09] +11] +26 5,245 5,178 5,058 4,654] +12.7
Chemicals and allied products 35,688] 35,254] 34,689] +1.2 +16] +02] 36,001] 35,582] 35,063] 34,345 +4.8
Industrial chemicals : 17,726} 17,429} 17,000} +17] 425 02} 17,744] 17,427) 17,106] 16.117] +10.1
Drugs, soaps, and toiletries 13,132 13,059 13,031 40.6 40.2 0.2 13,460 13,128 12,903 13,898 32
Petroleum and coal products 11313] 11,235} 11,090] +0.7] +13] +03] 11552] 1191] 10839] 10.471] +103
Rubber and plastics products 14,177 14,129 13,863 +03 +19 +0.8 14,353 14,376 14,105 12,466} +15.1
Alll other nondurable goods 28,737} 28,290] 27,956] +16] +1.2] 9 +29] 29,579] 28.587] 27,772] 26023] +13.7

* Preliminary. * Revised.

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


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

340 340
New Orders
320 Shipments |) 320
300 300
280 280
260 260
240 1 1 it it L 1 1 1 1 it 1 1 1 240
May Jul Sep Nov Jan Mar May Jul Sep Nov Jan Mar May
May. 1993 - May. 1995
Total Manufacturing
Ratio of Unfilled Orders and
Inventories to Shipments
VS Ratios UO/S Ratios
2.5 4.1
24P------ ere rr rr rr vos |4 4
2.3 3.9
2.2 3.8
2.1 3.7

3.6
3.5
3.4
3.3

2
1.9
1.8
1.7
1.6
1.5
1.4
1.3

1.2 bo n L L 1 i ! i ! ! i I 2.8
May Jul Sep Nov Jan Mar May Jul Sep Nov Jan Mar May

May. 1993 - May. 1995

Note: All Charts based on seasonally
adjusted current dollars.



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

(Millions of dollars)

Seasonally adjusted

Not seasonally adjusted

Industry Monthly Percent Change Monthly Percent
change
May Apr. Mar. | Apr- | Mar- | Feb.- May Apr. Mar. May | May
195° 1985! 1995 | May | Apr. | Mar. 1995? 1985 1995 1994 | 95/94
UNFILLED ORDERS
All manufacturing industries 462,099 | 461,984 | 464,208 0.0 -0.5 +0.3 | 466,324 | 467,845 | 468,163 | 452,069 43.2
Market categories :
Automotive equipment 2,114 2,137 2,158 Ll -1.0 0.2 2,103 2,162 2,190 2,002 +5.0
Home goods and apparel 10,549 | 9.983 | 9,969 | 45.7] 401 -12 | 11,052 | 10,344 | 10,024 | 11,200 -13
Consumer staples . . . : 1715 1,663 1637] +31] +16] 01 1,657 1,623 1,606 ais | +169
Machinery and equipment . . . 184,974 | 184,047 | 185,066 | +05] -06 | +0.6 | 185,549 | 184,705 | 185,309 | 181,288 424
Business supplies . . seneees 6,263 | 6,241 614] +04] 421] +06] 6412 | 6,328 6,180 5,830 | +100
Construction materials
and supplies 15,880 | 15,889 | 16,037 -0.1 09 | -10 | 16,131 | 16,064 | 16,170 | 15,060 +71
Defense products . . 104,680 | 105,555 | 106,824 08] -12 | +07 | 105,116 | 106,997 | 108,649 | 107,718 2.4
Other materials, supplies and
and intermediate products . 135,924 | 136,469 | 136,403 04 0.0} 0.2 | 138,304 | 139,622 | 138,035 | 127,553 +84
Durable goods industries :
Nondefense capital goods * ... . 204,404 | 203,211 | 204,505 | +06 | -06 | +0.6 | 204,539 | 203,479 | 204,561 | 199,226 427
Excluding aircraft and parts. . . 97,611 | 96,888 | 96,844 +0.7 0.0 +2.0 | 97,746 | 97,156 | 96,900 | 81,976 419.2
Defense capital goods * 110,283 | 111,255 | 112,620 09] -12 | +05 } 110,805 | 112,788 | 114,429 | 113,739 26
Durables excluding capital goods 121,401 | 121,453 | 121,211 00 | +02 -0.2 | 124,274 | 124977 | 123,108 | 114,506 48.5
Miscellaneous series :
Producers’ durable equipment 219,929 | 218,924 ] 220,121 40.5 0.5 +0.5 | 220,595 | 219,711 | 220,419 | 211,327 44.4
Household durable goods . .. . 5,935 5,592 5,892 +6.1 5.1 40.4 6,227 5,860 5,905 6,159 +11
Information technology industries 39,516 | 39,607 | 39,500 0.2 +03 +15 | 39,954 | 39,451 | 38,968 | 33,805 | +182
Health care equipment
and products... . 5,746 | 5,917 5,969 29] 09 56 | 5,746 | 5,916 5,968 7,043 | -18.4
TOTAL INVENTORIES
All manufacturing industries 408,245 | 405,678 | 402,081 40.6 40.9 +0.6 | 412,443 | 407,559 | 402,074 | 385,391 +7.0
Market categories :
Automotive equipment : 6,658 6,613 6,549 +0.7 +10 +17 6,616 6,600 6,669 6,024 +98
Home goods and apparel ....... 33,841 | 33,684 | 33,344] +05] +10] +11 | 35,192 | 34209 | 33,229 | 31,993 | +100
Consumer staples... . 58,999 | 58,949 | 58884] +401] +01 0.0 | 58304 | 58,230 | 58,233 | 57,331 +17
Machinery and equipment 99,427 | 98,595 | 97,859 | +08] +08] +02 | 101,114 | 99,040 | 97,436 | 92,844 +89
Business supplies . . 23,655 | 23,313 | 22,956 | +15] +16] +23 | 23.927] 23,619 | 23,101 | 21,160 | +13.1
Construction materials
and supplies 26,254 26,059 25,704 +0.7 +14 +1.0 26,606 26,435 26,128 24,659 47.9
Defense products . . 21,284 | 21,230 | 21415 | +03] -09 -0.6 | 21,683 | 21,276 | 21,354 | 24,177 | -103
Other materials, supplies and
and intermediate products 138,127 | 137,235 | 135,370 | +06] +14] +08 | 139,001 | 138,141 | 135,924 | 127,203 +93
Durable goods industries
Nondefense capital goods ° - | 94,408 | 93,468 | 92,657] +10] +09 | +02 | 96,142 | 93,881 | 91,963 | 87,825 +495
Excluding aircraft and parts .... | 67,996 | 67,215 | 66,445 | +12] +12 -0.2 | 69,366 | 67,688 | 65,762 | 60,930 | +13.8
Defense capital goods‘ ........ 21,972 | 21,971 | 22,124 00] -07 -0.7 | 22,395 | 22,013 | 22,026 | 25,224 | -11.2
Durables excluding capital goods 140,449 | 139,895 | 138,456 | +04] +1.0 | +08 | 141,480 | 140,673 | 139,093 | 129,952 +89
Miscellaneous series
Producers’ durable equipment 160,045 | 158,999 | 157,569 | +07] +09 | +04 | 162,345 | 159,783 | 157,122 | 148,606 +92
Household durable goods sees 14,871 14,842 14,614 +0.2 +16 0.0 15,321 14,994 14,562 13,940 +9.9
Information technology industries 35,623 | 35,301 | 34,699 | +09] 41.7 -17 | 36,510 | 35,441 | 34,021 | 32,891 | 411.0
Health care equipment
and products 13,241 | 13,217 | 13,172 | +02 | +03 0.0 | 13,509 | 13,272 | 13,014 | 13,872 2.6

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
1995} 1998"| 1995] May| Apr.| Mar.| 1995"} 1995'| 1995] 1994] 95/94 | 1995" | 1994
SHIPMENTS
All manufacturing industries 296,917] 295,293] 298,437) +0.5] -1.1] 0.0] 298,016] 292,233] 313,519} 278,948] — +6.8) 1,467,701 }1,349,599
Market categories
Automotive equipment 13,627] 13,823] 14,698] 1.41 -6.01 -0.7] 14,910] 14,787] 15,940} 14,955} -0.3) 75,009) 71,558
Home goods and apparel 19,594] 19.481] 19.722] +06] -1.2] +08] 18,301] 18,188] 20,391] 17,930] +2.1] 93,465] 89,022
Consumer staples 60,492] 60,854] 60,061} -0.6]  +1.3) — -0.7] 59,776] 58,701] 60,398) 57,358] +42) 292,602) 281,441
Machinery and equipment 53,345] 53,152) 53,737] +04] -1.1] 0.0) $3,258] 52,009] 59,676} 48,790) +9.2| 262,665) 237,072
Business supplies . . . . 225192] 22204] 22,030] 0.1] +0.8]  -0.1] 22,268) | 22,613] 22,373] 20,949} +6.3) 109,303] 100,868
Construction materials
and supplies ..........-- 18,390} 18,110] 18,555] +1.5] -2.4| 3.2) 18,788) 18,141] 18,905] 18,246} +3.0) 90,709) 85,728
Defense products .......... 7044| 7,036 7,155] +0.1) -1.7]  -0.4] 6,720] 6,631) 7,546) 7,079] 5.1] 33,969} 35,082
Other materials, supplies and
and intermediate products ...... | 102,233} 100,633] 102,479] +1.6] -1.8]_ +0.9] 103,995 101,163] 108,290] 93,641] +11.1] 509,979] 448,828
Durable goods industries
Nondefense capital goods? ......| 41,875] 41,366} 41,403) +1.2] -0.1]  +1.1] 40,275] 38,948) 46,926] 35,116] +14.7] 198,439] 173,580
Excluding aircraft and parts . . 37071] 36.002| 36,355] +3.0] -1.0] +1.7| 35,739) 33,683] 41,263] 30,954) +15.5] 174,087] 150,313
Defense capital goods * : 6617] 6,534] 6,643] 41.3) -1.6] 0.0] 6,273) 6,063} 7,010] 6,576] -4.6) 31,246) 32,907
Durables excluding capital good: 111,054] 110.070] 113,525] +0.9] -3.0]_ -0.1) 114,501] 111,863] 120,266} 109,496]  +4.6) 566,103] 523,486
Miscellaneous series :
Producers’ durable equipment 101,422] 101,014} 103,355} +0.4 +0.1] 102,833] 100,270} 113,667) 97,818) +5.1] 510,802] 474,073
Household durable goods .... . 8311] 8.264] 8,378] +0.6 +12) 7,863) 7,882| 8,935] 7,707 +2.0) 40,053) 37,956
Information technology industries 20,522] 19,659] 20,027) +4.4I +3.3] 19,104] 17,289] 23,042] 16,191] +18.0) 92,528] 80,300
Health care equipment
and products .......... 87011 8510 8,681] +2.21 2.0 -0.6 8,184} 8,109] 9,104) 8,023) +2.0] 42,146] 41,049
NEW ORDERS
All manufacturing industries 297,032] 293,069] 299,625 +14] -2.2} — -0.4] 296,495] 291,915] 316,242) 279,116) — +6.2| 1,482,257 }1,363,310
Market categories :
Automotive equipment 13,604) 13,801] 14,694] -1.4) -6.1] -0.7] 14,851) 14,759] 15,912] 14,945) -0.6] 74,965) 71,658
Home goods and apparel 20,160] 19,495] 19,597] +3.4) 5} +0.3] 19,009] 18,507) 20,500} 18,310] +3.8] 96,188] 91,560
Consumer staples : 60,543] 60,880| 60,061] —-0.6] 4] -0.7| 59.810] 58,719] 60,379] 57,355] +43] 292,628] 281,383
Machinery and equipment . $4,272| $2,133] 54,813] +4.1 9} +0.3} 54,102] 51,405) 60,217] 47,786} +13.) 267,382) 238,136
Business supplies ............. 22:214| 22331] 22,067] -0.5|  +1.2) 0.0] 22,352) 22,760) 22,486) 21,120] +5.8) 109,906) 101,331
Construction materials
and supplies _ 18,381| 17,961] 18,389] +23] -2.3]  -3.8] 18,855] 18,035] 18,834) 18,412} +2.4) 91,401] 86,913
Defense products ......... 6169] 5.767] 7,850| +70] -26.5] +64] 4,839] 4,979} 9,618] 6,492) -25.5] 31,848) 31,890
Other materials, supplies and
and intermediate products 101,689] 100,701) 102,154] +1.0] -1.4] —-0.6] 102,677] 102,751] 108,296] 94,696] +8.4) 517,939] 460,439
Durable goods industries :
Nondefense capital goods * 43,068] 40,072] 42,628| +7.5| -6.0| +1.4| 41,335] 37,866) 47,228] 34,311 +20.5) 203,062) 175,469
Excluding aircraft and parts 37,794| 36,046] 38,240] +4.8] -5.7]  +3.8] 36,329] 33,939] 42,225] 31,096] +16.8) 180,826 156,631
Defense capital goods * sees 51645} 5,169] 7.159] +92) -27.8| +43) 4,290) 4,422] 8,934) 5,921] -27.5] 28,946] 29,508
Durables excluding capital goods 111,002] 110,312] 113,255] +0.6]  -2.6)  -1.0} 113,798] 113,732] 120,335) 110,620 +2.9] 575,950] 534,840
Miscellaneous series :
Producers’ durable equipment 102,427| 99,817] 104,398) +26] -4.4} -0.4) 103,717] 99,562] 113,962] 97,591] — +6.3)_ 517,683) 479,257
Household durable goods ..... 8,654] 7.964] 8.399] +8.7) -5.2) +2.6] 8,230] 7,837] 9,067] 8,037) +2.4{ 41,083] 39,280
Information technology industries 20,431] 19.766] 20,604] +3.4| 4.1] +2.9} 19,607] 17,772] 23,392] 16,611] +180] 95,553) 82,019
Health care equipment
and products .......... 8,530] 8,458] 8,330/ +09] +1.5]  -4.31 8,014) 8,057] 8,753] 7,943] -+0.9] 41,570} 40,605

* Preliminary. ‘ Revised.

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.

* Nondefense capital goods industries include : ordnance and accessories; steam, gas and hydraulic turbin
handling equipment; metalworking machinery; special industry machinery; general industrial machinery;
industry machinery; electrical transmission and distribution equipment; electrical industrial apparatus, commt

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

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

See note at end of table 2 relating to survey variability

es; internal combustion engines; construction, mining, and material
computer and office equipment; refrigeration, heating and service
wunications equipment; aircraft, missiles, space vehicles, and engines

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


Table 8. RATIOS OF MANUFACTURES’ INVENTORIES TO SHIPMENTS ANI
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.
1995? 1995" 1995 1995 1995? 1995" 1995 1995
All manufacturing industries . . . 137 137 135 134 2.82 2.86 2.85 2.86
Durable goods industries .......... 161 1.62 157 1.56 339 3.44 341 3.42
Stone, clay, and glass products... | 118 122 112 1.08 114 1.24 1.20 1.20
Primary metals -..... . bites 1.43 146 1.40 141 189 195 192 1.95
Fabricated metal products . . : 1.62 1.62 1.60 156 1.48 147 1.47 144
Industrial machinery and equipment 1.70 171 169 1.70 2.49 253 2.52 2.49
Electronic and other
electrical equipment ........ 1.70 1.73 1.69 172 2.06 2.06 2.00 2.00
Transportation equipment . . 1.59 134 1.47 145 11.08 10.91 10.83 10.83
Instruments and related products . 189 1.95 1.89 1.88 4.01 4.16 4.07 41
Nondurable goods industries ...... . 1.10 1.09 1.09 1.07 0.74 0.75 0.75 0.76
Food and kindred products : 0.87 0.86 0.87 0.87 (X) (X) (X) (X)
Tobacco products . . . vee 177 1.79 1.93 1.87 (X) (x) (x) ()
Textile mill products...) 1.60 161 156 155 (NA) (NA) (NA) (NA)
Paper and allied products . - 1.08 1.08 1.07 1.06 (NA) (NA) (NA) (NA)
Chemicals and allied products 1.18 1.18 1.14 1.13 (X) (xX) (xX) (xX)
Petroleum and coal products _ 0.83 0.83, 0.85 0.83 (&) (X) (X) &)
Rubber and plastics products . . 1.40 141 1.37 1.36 (X) (xX) (X) (X)

’ Preliminary. ‘ Revised. (X) Not applicable. (NA) Not available.

(Excludes the following industries with no unfilfed orders : Wood and lumber products; glass containers; metal cans, barrels and drums; farm and garden machinery;
semotenaricie,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 ee
May woe oa » May May May
May? | 1994- May} 1994- May? | 1994- May? | 1994-
May’ | 1990} Apr. | “May! |. 1990- Apr. | May! | 1990-] Apr. | May! | 1990- Apr.
1995 | 1994] 1995 |. 4995 | 19941995] 1995 | 1994} 1995 | 1995] 1904] 90S
All manufacturing industries an (xX) 0.1 0.1 (xy 0.5 02 (xX) Ol Ol (xX) 01 0.0
Durable goods industries . . . Ol 02 0.2 0.2 08 03 0.0 01 0.1 (xX) 0.1 0.0
Stone, clay, and glass products . | | % 07 07 (x) ] 2 10 11 (%) 06 06 (X) 03 01
Primary metals... 0.1 02 04 0.0 12 09 0.1 04 04 (X) O14 02
Fabricated metal products. bees (X) 04 04 (X) 0.6 0.6 (X) 03 0.3 (X) 03 02
Industrial machinery and equipment . 04 04 05 07 06 0.7 0.0 01 02 &) 02 Oo.
Electronic and other
electrical equipment .........., 0.0 02 03 03 04 06 01 ol 03 (x) 01 OL
Transportation equipment ne Ol 04 06 0.1 29 10 “0.1 O41 01 &) 02 02
Instruments and related products ||. | & 12 05 (X) 05 08 (X) Or Ol (X) ol ol
Nondurable goods industries... . . (xX) 01 01 (xX) 0.1 02 (xX) 0.6 0.2 (x) On 0.1
Food and Kindred products : (X) 07 01 &) (X) (X) (x) 0) (09) (X) 08 01
Tobacco products... . pe ee} 54 Ol 0) (x) (x) (X) (X) {X) & 03 0.0
Textile mill products onl (x) 02 02 (x) | NA) | (NA) (x) | NA) | NA) (x) 03 02
Paper and allied products sees (X) 0.1 02 (X) } (NA) (NA) (X) | (NA) (NA) (X) OL 01
Chemicals and allied products ||| | | & 02 02 (x) &) (X) (X) (x) (%) &) O.1 01
Petroleum and coal products. | | &) 06 03 (X) (X) (x) (x) (x) (x) (x) 06 02
Rubber and plastics products &) 08 03 (X) (X) (X) (X) &) () & 03 O1
Capital goods industries
Nondefense : 0.5 0.6 04 0.7 18 08 0.0 Ol 0.1 (X) Ol 0.1
Defense 01 18 04 03 10.6 2.6 -O.1 03 01 (X) 0.5 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

xT OF
ow
ay
U. S. Department of Commerce

Economics and Statistics Administration
BUREAU OF THE CENSUS.

Manufacturers’ Shipments,
Inventories, and Orders

May 1995
3-1-(95)-5
For Wire Transmissions 10:00 a.m. E.D.T. June 30, 1995

Kathy Menth or Gloria Cable
(301)457-4804 or (301)457-4832

Summary

New orders for manufactured goods in May increased $4.0 billion
or 1.4 percent to $297.0 billion, the Department of Commerce, Bureau
of the Census reported today. This follows a 2.2 percent April decrease,
and is the first increase since January. Year to date, new orders are 8.8
percent above the same period a year ago.

Shipments increased $1.6 billion or 0.5 percent to $296.9 billion.
This follows a 1.1 percent April decline, is the first increase since
February and the fifth increase in the last seven months. Year to date
shipments are 8.9 percent above the same period a year ago.

Unfilled orders increased $0.1 billion to $462.1 billion, following
a 0.5 percent April decrease. This is the eighth increase in the last nine
months. The unfilled orders-to-shipments ratio was 2.82, down from
2.86 in April.

Inventories increased $2.6 billion or 0.6 percent to $408.2 billion,
following a 0.9 percent April increase. This is the eighth consecutive
monthly increase and the fifteenth in the last seventeen months. The
inventories-to-shipments ratio was 1.37, unchanged from April.

New Orders

New orders for manufactured durable goods in May increased
$4.2 billion or 2.7 percent to $159.7 billion, revised from the previously
published 2.5 percent increase. This follows a 4.6 percent April decline
and is the first increase since January.

Industrial machinery and equipment, up four of the last five
months, increased $1.1 billion or 3.5 percent io $31.3 billion. This
follows a 4.8 percent April decline. Transportation equipment increased
$1.0 billion or 2.9 percent to $36.5 billion, due to aircraft and aircraft
Parts. This follows a 10.2 percent April decrease and is the first
increase since February. Electronic and other electrical equipment
increased $1.0 billion or 3.7 percent to $26.7 billion, with over half of
the increase in communication equipment. This follows a 3.2 percent
April decrease and is the eighth increase in the last ten months. Stone,
clay, and glass products increased $0.5 billion or 8.1 percent to $6.9
billion. This follows a 6.9 percent April decline and is the first increase
since January. Primary metals increased 0.3 percent to $14.7 billion.
This follows a 3.7 percent April decline and is the first increase since
December.

New orders for nondurable goods decreased $0.2 billion or 0.1
percent to $137.3 billion. This follows a 0.7 percent April increase and
is the third decline in the last nineteen months. Declines in food and
kindred products and textile mill products more than offset increases in
paper and allied products and chemicals and allied products

Shipments

Shipments of durable goods in May increased $1.6 billion or 1.0
percent to $159.5 billion, revised from the previously published 0.9
percent increase. This follows a 2.2 percent April decline and is the
sixth increase in the last seven months. Industrial machinery and
equipment, up five of the last six months, increased $0.6 billion or 2.1
percent to $30.8 billion, following a 0.6 percent April decrease
Electronic and other electrical equipment increased $0.6 billion or 2.4
percent to $25.4 billion, following a 1.1 percent April decrease. Stone,
clay, and glass products increased $0.4 billion or 6.2 percent to $7.0

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

billion, following a 6.0 percent April decline. Instruments and related
products increased $0.3 billion or 2.6 percent to $11.6 billion, following
a 2.8 percent April decline. Primary metals increased $0.3 billion or 1.7
percent to $15.2 billion. This follows a 2.5 percent April decrease and
is the fourteenth increase in the last sixteen months. Transportation
equipment, down for the fourth consecutive month, declined $0.8 billion
or 2.0 percent to $37.4 billion; both motor vehicles and parts and
aircraft and parts declined.

Shipments of nondurable goods in May increased slightly to
$1374 billion, following a 0.3 percent April increase. The largest
increases were for chemicals and allied products, $0.2 billion or 0.8
percent to $30.2 billion and paper and allied products, $0.2 billion or
1.8 percent to $13.9 billion. Food and kindred products, down four of
the last five months, had the largest decline, $0.5 billion or 1.4 percent
to $35.8 billion.

Unfilled Orders

Unfilled orders for durable goods in May increased slightly to
$436.1 billion. This follows a 0.6 percent April decrease and is the
eighth increase in the last nine months. Electronic and other electrical
equipment increased $1.2 billion or 2.4 percent to $52.5 billion, the
ninth consecutive monthly increase. Industrial _machinery ’ and
equipment increased $0.5 billion or 0.7 percent to $72.3 billion. This
follows a 0.1 percent April increase and is the twenty-second increase
in the last twenty-three months. Fabricated metal products, up for the
seventh consecutive month, increased $0.3 billion or 1.2° percent to
$2144 billion. Transportation equipment had the largest decline, $0.9
billion or 0.5 percent to $199.0 billion. This follows a 1.3 percent April
decline and is the third consecutive decline. Since reaching a peak in
March 1991, unfilled orders of transportation equipment have declined
nearly every month. Instruments and related products, down for the
third consecutive month, declined $0.6 billion or 1.3 percent to $46.4
billion. Primary metals’ declined $0.5 billion or 1.8 percent to $28.6
billion. This follows declines in April and March of 1.0 percent and 0.4
percent respectively and fifteen consecutive increases.

Inventories

Inventories for durable goods in May increased $1.5 billion or 0.6
percent to $256.8 billion, with increases in nearly all categories. This
is the fifteenth increase in the last seventeen months. Industrial
machinery and equipment increased $0.6 billion or 1.1 percent to $52.3
billion, the fourth increase in the last five months. Transportation
equipment was up $0.5 billion or 0.8 percent to $59.3 billion, the third
consecutive increase. Electronic and other electrical equipment
increased $0.2 billion or 0.6 percent to $43.2 billion. This follows a 1.0
percent April increase and is the seventeenth consecutive increase.
Instruments and related products declined $0.1 billion or 0.7 percent to
$21.8 billion, the first decline since January.

Inventories for nondurable goods in May increased $1.1 billion
or 0.7 percent to $151.4 billion, the eighth consecutive monthly
increase. Chemicals and allied products had the largest increase, $0.4
billion or 1.2 percent to $35.7 billion. Printing and publishing and
paper and allied products also had large increases

By stage of fabrication, finished goods increased 0.5 percent in
both durables and nondurables. Work in process increased 0.6 percent
in durables and 0.9 percent in nondurables. Materials and supplies
increased 0.7 percent in durables and 0.9 percent in nondurables

The advance report on durable goods for June is scheduled tor July 27, 1995 at 8:30 a.m. and the full report on August 3, 1995 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 CompuServe
(1-800-848-8199). The CENDATA staff at the Bureau of the Census (301-457-1305)can provide content information and general guidance.


Nondefense Capital Goods 11
New Orders and Shipments
Three Month Moving Averages
Billions of Dollars

it i i i it it L L i i 1 L i
May Jul Sep Nov Jan Mar May Jul Sep Nov Jan Mar May
May. 1993- May. 1995

Defense Capital Goods
New Orders and Shipments
Three Month Moving Averages

Billions of Dollars
11 11

New Orders
1OP- - 2 re eee 410

Shipments

Ofer 49

5

May = Jul Sep Nov Jan Mar May — Jul Sep Nov Jan Mar May
May. 1993 - May. 1995

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
99s | 1995" 1995 | May | Apr. | Mar. 1998 | 1985! 1995 1994 | 95/94
MATERIALS AND SUPPLIES
All manufacturing industries 134,266 | 133,208 | 131,882 | +08] +10] +08 | 133,847 | 132,779 | 131,163 | 121,542 | +101
Durable goods industries 78,068 | 77,494 | 76627 | +07] +11 | +02 | 77,582 75,656 | 69,755 | +112
Stone, clay, and glass products 2gol | 2.752 | 2.699 | +18) +20] +14] 2:796 2693 | 2575 | +86
Primary metals 6722 | 6688 | 6.751} +05] -09 | -L1 | 6545 6s4s | 5875 | +114
Fabricated metal products 9091 | 9000} 8749} +10] +29] +17] 8,930 8712 | 7.702 | +159
Industrial machinery and ‘equipment 17,839 17,567 17,372 +15 41d +03 17,893 17,008 15,281 +171
Electronic and other
electrical equipment ........... 14,600 | 14,542 | 14284] +04] +18] +18] 14,700 14224 | 11,690 | +25.7
Transportation equipment 10,333 10,307 10,311 +03 0.0 “1S 10,359 10,267 10,957 5.5
Instruments and related products - 6383 | 6871 | 6807 | +02] +09] +03 | 6.948 6.767 | 6,784 +28
Lumber, furniture and
miscellaneous durable goods 9799 | 9,767] 9654] +03] +12] -13 | 9411 | 9,397] 9,440 | 8,891 45.8
Nondurable goods industries . 56,198 | 53,714} 55.255] +09] +08] +17] 56,265 | 56,010 | 55,507 | 51,787 $8.6
Food and kindred products 10054 | 9974 | 10,122 | +08] -15 | -05 | 9880 | 9.978 | 10,232 | 9,801 +08
Tobacco products ras | 4601 | 4604 | -10] +06 | -1 | 4's65 | 4.751 | 4.783 | 4,996 86
Textile mill products 3001 | 2979 | 2912 | +07] +23] +10] 3102 | 3028} 2935 | 2,864 483
Paper and allied products 7774 | 7633 | 71447 | +18] 425 | +22] 7815 | 7688} 7556 | 6637 | +177
Chemicals and allied products 11/645 | 115597 | 11'ss7 | +04] +03] +11 | noo | itera | 11510 | 11300 435
Petroleum and coal products 3333 | 3/423 | 3.471 26] -14] +152] 3,446 482 | 3.415 | 3,089 | +116
Rubber and plastics products 5,387 5,365 5,269 +04 +18 01 5,398 5,408 5,289 4,527 +19.2
Apparel, printing and publishing
and leather goods . . 10,359 10,052 9,813 +31 +24 +28 10,368 10,061 9,787 8,573, +20.9
WORK IN PROCESS
All manufacturing industries 132,948 | 132,123 | 131,086 | +06} +08 | -0.2 | 133,900 | 132,101 ] 131,041 | 129,516 434
Durable goods industries. 108,437 | 107,840 | 106,903 | +06] +09 | -0.2 | 109,525 | 107,821 | 106,877 | 106,181 43.1
Stone, clay, and glass products... 283 1258 | 1229 | 420] 424] 422) 1342 3331 303 1089 | +23.2
Primary metals -........ 81097 | 81037 | 77927] +07) +14 | +22] 8117] 8092 | 8018 | 7274] +116
Fabricated metal products 77940 | 7965 | 7/946 03} +02} +19] 8006] 7.986 | 8033 | 7,533 +63
Industrial machinery and equipment | 19.490 | 19,324 | 19,008 | +09 | +17] -1.7 | 19.628 | 19,172 | 18,781 | 18,695 +5.0
Electronic and other
electrical equipment 16,601 | 16,611 | 16,654 o1| -03 | -08 | 16881 } 16,723 | 16634 | 15,184} +112
Transportation equipment . 40,662 | 40.174 | 39685 | +12] +12] -0.1 | 41,049 | 39924 | 39.796 | 42,007 23
Instruments and related products 9217 | 9350 | 9:367 14] 02} 08 | 91303 | 9.414 } 9,209 | 9,372 -07
Lumber, furniture and
miscellaneous durable goods 3,147 | 5,121 5037 | +05] +07] +06 | 5199 | 5,179] 5,103 | 5,027 434
Nondurable goods industries 24sit | 24,283 | 24,183 | +09} +04] -0.2 | 24375 | 24280 | 24,164 | 23,335 +45
Food and kindred products 4054 | 41084 | “4059 | -0.7] +06] +28 716 | “3.910 | “4,050 | 3,753 -10
Tobacco products... . 178 170 169 | +47] +06] -66 135 138 153 129 | +47
Textile mill products, 2,658 | 2,670 | 2,649 04) +08 | +16] 2,713 | 2,703 | 2,662 | 2,613 438
Paper and allied products 1370 | 1357 | 1322] +10] +26] +27] 1391 1389 | 1,332 1225 | +136
Chemicals and allied products 5.471 5381 | 5303} +171 -02] +09] siss3] $373] 5371 31587 06
Petroleum and coal products 2372 | 22461 2256] +56} -04] -103 | 2403 | 2248 | 2.229 | 2278 | +55
Rubber and plastics products 2073 | 2055] 2085 | +09] +05 | +12] 2056] 2051 | 2026 1776 | +158
‘Apparel, printing and publishin;
and leather goods . 6335 | 6320 | 6290] +02} +05] -04] 6408 | 6,468 | 6,341 5974] +73
FINISHED GOODS
All manufacturing industries 141,031 | 140,347 | 139,113 | +05 | +09 | +11 | 144,696 | 142,679 +77
Durable goods industries... 70,324 | 70,000 | 69,707 | +05} +04] 417 | 72,910 | 71,977 +8.7
Stone, clay, and glass products 4187 | 4082 | 3,962 | +26 | +30] +15) 4355 | 4,264 +94
Primi metals . 6,889 6,991 & 811 AS +26 +11 7,086 7,172 +95
Fabricated metal products 8,471 8,434 8,459 +0.4 03 +17 8,880 8,877 49.9
Industrial machinery and equipment | 14,951 | 14837 | 14.909 | +08] -05 | +13 | 15386 | 15,151 +52
Electronic and other
electrical equipment... . 12,033 | 11,843 | 11,625 | +16] +19 | +19 | 12,657 | 12,160 425.7
Transportation equipment 8350 | 8375] 8639 | 03} 31] 462} 8438] 8415 +511
Instruments and related products - s7i9 | si742] 5.757] 04] -03 | +14] 5882 | 5,827 “44
Lumber, furniture and
miscellaneous durable goods 9,724 | 9696 | 9,545 | +03] +16] -09 | 10,226} 10,111 +58
Nondurable goods industries . . 70,207 | 70,347 | 69,406 | +05] +14] +05 | 71,786 | 70,702 +67
Food and kindred products 16,928 | 17,107 | 17,103 -1.0 00) -04 | 16,245 | 16,415 +2.0
Tobacco products . 510 543 657 6.1 -174 -17.0 473 523 342
Textile mill products 4,506 4,459 4,457 +11 0.0 +11 4,756 4,680 44.7
Paper and allied products - 51823 | 51769 | 5.685 | +09] +15} 422] 6150 | 6,053 +45
Chemicals and allied produc 18572 | 18276 | 17,739] +16 | +30] -0.7 | 18,757 | 18,595 +74
Petroleum and coal products 5608 | 5566 | 5363 | +08] 438] -30} 5,703 | 5,461 +17
Rubber and plastics products. . 6717 | 6.709] 6549 | +01} 4241 +14] 6899 | 6,917 +119
Apparel, printing and publishing
and leather goods . . . 12,043 | 11918 | 11853} +10] +405} +49 | 12,803 | 12,058 +116

* Preliminary. ‘ Revised.

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


Table 3. VALUE OF MANUFACTURERS’ UNFILLED ORDERS FOR
(Millions of dollars)

INDUSTRY GROUPS

Seasonally adjusted

Not seasonally adjusted

Industry Monthly Percent Change Monthly Percent
change
May Apr. Mar.| Apr-| Mar-| — Feb.- May Apr. Mar. May| May
1995" 1985! 1995} = May{ = Apr.| Mar. 1995? 1995" 1995 1994] 95/94
All manufacturing industries . . . . 462,099 | 461,984] 464,208 0.0 0.5] 40.3] 466,324] 467,845] 468,163] 452,069] — +3.2
Manufacturing industries
without defense capital goods 351,816] 350,729] 351,588 +03 02 40.2] 355,519] 355,057] 353,734] 338,330 +51
Durable goods industries 436,088} 435,919] 438,336 0.0 0.6 +0.3] 439,618] 441,244] 442,098] 427,471 42.8
Stone, clay, and glass products 1,559 7,691 7,931 “17 3.0 24 7,789 7,749 7,904 7,731 +08
Primary metals... . . : 28,637} 29,149] 29,452 -18 -1.0 -0.4] 29,592] 30,677] 31,069] 26,008] +13.8
Blast furnaces, steel mills ....... 11,698 11,678 11,736 40.2 -0.5 +11 12,143 12,415 12,588 11,274 47.7
Iron and steel foundries 3,840 3,958 3,927 3.0} +08] +01 3,852 4011 3,951 3,436) +121
Nonferrous and other primary
metals... ...... 2... 13,099] 13,513] 13,789 31 -2.0 18] 13,597] 14,251] 14,530] 11,298} 420.3
Fabricated metal products . 21,421 21,161 21,103 +12 +03 40.3) 21,468] 21,316] 21,317] 20,584 443
Industrial machinery and equipment 72,332] 71,808] 71,701 40.7 +0.1 421 72,379 71,920] 71,753 58,942]  +22.8
Engines and turbines 9,853] 10,013] 10,118 16 10] +04 9,318 9,555 9,910 9,564 2.6
Construction, mining and
material handling equipment 7,881 7,743 7716) +18} +03] 43.1 7,999 7,953 8,000 6516] +228
Metalworking machinery 11,189] 10,901] 10,661) +26] 4231 44.0] 11,189] 10,901] 10,661 8712] 428.4
Computer and office equipment 12,018 12,420 12,447 32 0.2 +18 12,439 12,275 11,901 9,304)  +33.7
Electronic and other
electrical equipment .......... $2,525] 51,279] 50,398] +24] = +1.7] 43.0] 53,593] 52,675] 50,320] 47,649] +12.5
Electrical transmission and
distribution equipment and
industrial apparatus . . . 6,086 6,065 6,028 +03 +0.6 -1.0 6,091 6,077 6,028 6,102 02
Electric lighting and
wiring equipment . 3,859 3,873 3,874 04 00] 401 3,859 3,873 3,874 3,403] +13.4
Communications equipment 16,789] 16,217} 16,183] s +35] +02) +58] 16,786] 16.276] 16,179] 14,864) +12.9
Electronic components 20,343 19,730 18,827 43.1 44.8 43.5] 21,503] 21,152 18,778 17,717) +214
‘Transportation equipment 198,978 | 199,884} 202,575 -0.5 13 0.2} 199,803] 201,668] 204,234] 209,734 47
Aircraft, missiles,
space vehicles, and parts. 168,205 | 168,254} 170,326 -12 0.0] 168,942] 169,754} 171,718] 180,708 6.5
Shipbuilding and tanks . 17,912 18,369 18,863 2.6 2.5 17,979 18,428 18,868 17,352 +3.6
Instruments and related products . 46,370] 46,966] ° 47,158 -04 -14] 46,170] 46,940] 47,617] 48,432 “4.7
Search and navigation equipment 30,266 30,507 30,707 0.7 0.2 30,054 30,481 31,128 31,369 4.2
Measuring and controlling devices . 9,542 9,722 9,653 40.7 23 9,542 9,722 9,653 9,212 +3.6
Medical instruments and supplies 5,713 5,884 5,938 09 5.6 5,713 5,884 5,938 7,013 -18.5
All other durable goods 8,266 7,981 8,018 -0.5 09 8,824 8,299 7,884 B301] +52
Nondurable goods industries 26,011 26,065] 25,872 0.2 40.7 “ll 26,706} 26,601 26,065] 24,598 +8.6

* 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
1995] 1995"] 1995 | May| Apr.| Mar.] 1995°] 1995"] 1995] 1994] 95/94 | 1995" | 1994
All manufacturing industries . | 297,032] 293,069] 299,625] +1.4] 2.2} -0.4] 296,495] 291,915] 316,242] 279,116) +6.2] 1,482,257 |1,363,310
Manufacturing industries
with unfilled orders ...... «+ | 163,696] 159,123] 164,275] 42.9) -3.1) 0.0] 160,165] 157,197] 176,356] 148,269) +8.0] 810,941] 733,154
without defense capital goods . . . 291,387) 287,900] 292,466] +1.2] -1.6| —_-0.5] 292,205] 287,493] 307,308] 273,195| +7.0] 1,453,311 1,333,802
Durable goods industries... . 159,715] 155,553] 163,042) +27} -4.6] —-0.2] 159,423] 156,020] 176,497] 150,852] +5.7] 807,958} 739,817
With unfilled orders sees 128,834] 124,229] 130,023] +3.7) — -4.5] 0.0] 125,761] 122,447] 141,002] 116,901 +7.6| 639,642] 579,318
Stone, clay, and glass products o 6,901] 6381] 6851] +81] -6.9} -2.2) 7,167] 6,676} 6,755} 6,893) +4.0} 33,908] 32,131
Primary metals ..... . 14,664] 14,620] 15,182] +0.3]  -3.7] -0.3] 14,424] 14,813] 16,873] 13,481] +7.0) 78,529) 66,387
Blast furnaces, steel mills . . 6.397] 6,213] 6,665] +3.0] -6.8]  +3.0] 6,271] 6,202) 7,402) 5,653) +10.9) 34,012} 29,787
Iron and steel foundries . . . 1,204] 1,295] 1,332] -7.0] -2.8) -11.8) 1,225} 1,390] 1,402] 1,318) “7A 6,970 6,352
Nonferrous and other primary
metals... .. . ...-f 7,063) 7,112] 7,185] -0.7] -1.0f -0.9} 6,928] 7,221] 8,069} 6,510] +6.4) 37,547] 30,248
Fabricated metal products .... 16,043] 15,745] 15,754] +1.9]  -0.1] -1.5] 16,223) 15,636] 16,655] 15,489) +4.7| 79,828} 75,043
Industrial machinery and equipment 31,349] 30,289] 31,827] +3.5] -4.8] +1.8| 30,688] 29,286] 35,741] 27,823} +10.3) 153,780] 136,211
Engines and turbines ..... 1,880] 1,914] 1,843] -1.8] +3.9]  -0.6] 1,691] 1,510] 1,761] ‘1,803 6.2 7,936 7,744
Construction, mining and
material handling equipment . . . 3,284} 3,117| 3,343] +5.4]  -6.8)  +3.7] 3,308} 3,145] 3,771) 2,765) +19.6| 17,054) 14,173
Metalworking machinery . 3,560] 3,610] 3,706] -1.4] 2.6 +33) 3,517] 3,402] 3,948] 2,946) +19.4) 17,501] 14,725
Computer and office equipment . . 8,419] 8,186] 8,709] +2.8]  -6. 43.6 7,847| 6,915] 10,612] 7,222 +8.7| 38,793} 34,495
Electronic and other
electrical equipment sees 26,692| 25,736] 26,598] +3.7| -3.2) +7.3) 25,786] 25,949] 27,159] 21,360] +20.7] 127,984) 108,495
Electrical transmission and
distribution equipment and
industrial apparatus... . . 2,814| 2,782| 2,838} +12) 2.0] -2.7] 2,804] 2,782) 3,112] 2,543] +10.3] 14,436} 13,180
Electric lighting and
wiring equipment... . . 1,915] 1,924] 1,956} -0.5}-1.6  -3.9} 1,900] 1,840} 2,078] 1,811] +4.9] 9,782) 8,778
Communications equipment 6,548] 5,934] 6,734] $10.3) -11.9) +20.9) 6,162] 7,231] 4,168] +47.8] 29,218] 22,017
Electronic components .. . . 10,076} 10,003) 9,964] +0.7] +04) +5.5] 9,852 9,751] 7,778) +26.7) 50,802] 40,380
Transportation equipment «| 36,456] 35,431] 39,457] +2.9] -10.2)  -2.9} 37,662 44,351] 38,967 -3.3] 197,350] 192,745
Aircraft, missiles,
space vehicles, and parts. .....] 8,257] 6,702] 8,531] +23.2| -21.4)  -9.77  6,987| 6,479) 10,603) 7,068 cll] 38,585
Shipbuilding and tanks ........ 394 328 413] +201) -20.6) -10.2) 410 353 479) $44] -24.6] 3,218
Instruments and related products ....| 10,970] 11,085] 10,9311 -1.0] +1.4] —-7.51 10,716] 10,008) 11,755} 10,044] +67) 53,996
Search and navigation equipment .] 2,289} 2,412) 2,591] -5.1] -6.9} +4.2) 2,050) 1,733] 2,819) 1,806} +135) 10,775
Measuring and controlling devices .| 3,422} 3,473) 3,458] -1.5| +0.4| -10.4) 3,418] 3,343] 3,842} 3,030] -+12.8] 17,893
Medical instruments and supplies .| 2,984] 2,935] 2,744] +1.7| +7.0} -11.3] 2,915} 2,812) 2,942) 2,807} +3.8) 14,599
All other durable goods ++] 16,640] 16,266] 16,442] +23) -L.1}  -0.8) 16,757] 16,511] 17,208} 16,795) -0.2| 82,583
Nondurable goods industries . 137,317] 137,516] 136,583] -0.1]  +0.7]_ -0.6} 137,072] 135,895] 139,745] 128,264) +6.9} 674,299) 623,493
With unfilled orders ...... 34,862] 34,894] 34,252] -0.1] +19) -0.2) 34,404] 34,750] 35,354) 31,368 +9.7| 171,299] 153,836

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

(n) When new orders for a prior month are negative because of cancellations, the percentage change calculation is algebraically negative, even though there is a net dollar
increase from the prior month to the current month.

Note : Estimates of manufacturers’ shipments, inventories and orders are subject 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(92),
“Manufacturers’ Shipments, Inventories, and Orders: 1982-1992."


Table 1. VALUE OF

MANUFACTURERS’ SHIPMENTS

(Millions of dollars)

FOR INDUSTRY GROUPS

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
1908] 1995] 1995] May | Apr.) Mar.| 1995"}  199s'| 1995] 1994) 95/04 1995] 1994
All manufacturing industries 296,917] 295,293] 298,437] +0.5) -1.1} 0.0, 298,016] 292,233] 313,519] 278,948 +6.8| 1,467,701 1,349,599
Manufacturing Industries
with unfilled orders . . 163,581] 161,347] 163,087] +14] 1.1] +0.6 161,686) 157,515] 173,633) 148,10) +9.2| 796,385] 719,443
without defense capital goods 290,300] 288,759} 291,794] +0. - 0.0} 291.743] 286.170] 306,509) 272,372] +7.1] 1,436,455 1,316,692
Durable goods industries 159,546 157,970] 161,571] +1. -2.2|  +0.2) 161,049) 156,874) 174,202) 151,188) +6.5| 795,788] 729,973
With unfilled orders : 128'665| 126,646] 128552) +1.6] -1-5]  +0.5] 127,387) 123,301) 138,707) 117,237 +8.7| 627,472] 569,474
Stone, clay, and glass products . 7033] 6.621| 7/043| +6.2) 6.0, -2.3] 7,127] 6,831] 6,951) 6,708 +6.2| 33,633] 31,219
Primary metals 15176] 14923] 15,303] +17] -2.5] +1.0] 15,509] 15,205) 16,123) 12,989) +194] 76,796) 61,927
Blast furnaces, steel mills 6377) 6271) 6538) +h7| 4.1] +1.) 6,543) 6,375] 6,918) 5.841 +12.0| 32,520] 28,225
Iron and steel foundries 1322| 1264] 11329 +46] -49 -0.4f 1,384] 1330) 1.419] 1,236) +12.0] 6,805} 5,959
Nonferrous and other primary
metals . . 7,477] 7,388 12] 0.) +12) 7,582] 7,500) 7,786] 5,912] +282) 37,471) 27,743
Fabricated metal products 15,783] 15,687] oo] 0.1) -Lo 16071] 15,637] 16,547] 15,388) +44) 78,852) 74,505
Industrial machinery and equipment 30,825] 30,182] Tail Zoe} 40.7 302229) 29,119] 35,220) 26,766] +12.9] 148,597) 130.247
Engines and turbines = 2,040] 2,019} Tol 4122-11] 11928] 1/865] 1,999] 1,761] +9.5) 9,242] 8.319
Farm and garden machinery. . 1719] 1,828) “Gol 33] -07] 2,068] 2,469} 2,524] 2.208] -6.3} 10,973} 10,304
Construction, mining and
material handling equipment 3,146] 3,090 sia) -or) -18}  3,262| 3,192] 3.435] 2,776 +175) 16,054) 13,448
Metalworking machinery 3,272) 3,370} yo} 22.2] 11} 3.229] 3,162] 3,539] 2,924] +104] 15,889) 13,348
Computer and office equipment 8.821] 8,213 Spal 133] 463 7683] 6.541) 10,641] 6,162) +24.7) 37,954] 32,442
Electronic and other
electrical equipment 75,446 24,855) 25,138] 42.4] 1.1] +2.6] 24,868) 23,594] 26,568) 21,862 413.7] 120,523] 105,284
Electrical transmission and
distribution equipment and
industrial apparatus . . 2793] 2,745{ 2,900) +17] -5.3) +28] 2,790) 2,733] 3,202] 2,584) +8 0} 14,091] 12,848
Household appliances 1:872| 1828] 1,864] +2.4]  -1.9) -L.0] 1,900 1,837) 2,009) 1,920 -1.0 9,178 9,017
Electric lighting and
wiring equipment . . . 1929) 1,925} 1954) +0.2[ -Ls] +03) 1,914) 1,841) 2,076] 1,761 +8.7| 9,566] 8,612
Household audio and
video equipment . rast} aiza}atr9] 424] 40.4) 1.0) 946898] 1,057 873] +84) 4,850] 4,310
Communications equipment 5976] 5900] 5853] +13) +0.8[ 42.7] 5,652] S471] 6,328) 4.620 422.3] 27,436) 22,185
Electronic components 9,463) 9,100] 9,319] +4.0} 249} 9,501{ 8.805] 9,798] 7.939] +19.7) 45,231] 37,767
‘Transportation equipment . . . 37,362) 38,122] 39,926) -2.0) “0.6 39/527) 39.707| 43,438| 40,352) -2.0} 200,721] 196,487
Motor vehicles and parts . . 26,003] 26,488| 28,445) -1.8} Zos| 28'589] 28.230] 30,988] 29,896| -4.4] 145,361] 142,173
Aircraft, missiles,
space vehicles, and parts 3306] 8,774] 8,455] 5.3] +3.8] 2.7} 7,799] 8.443] 9.183] 7.624 +2.3| 40,535] 41,028
Shipbuilding and tanks 851 822 sos] 3s} 85} 495{ 859) 793) 942) A117] -23.1) 4,178) 4.800
Instruments and related products 11,566) 11,277} 11,600) +2.6] “O2| 11,486] 10,685| 12,341] 10,902] $5.4) 55,844] 52,637
Search and navigation equipment 2,530 2,612) 2,655] -3.1 +16 2.477| 2,380] 2,841) 2,466 +0.4) 12,428] 11,808
Measuring and controlling devices 37602] 3,404| 3,690] +5.8 432) 3598] 3.274) 4,074] 3,154) +141} 17,600) 15,543
Medical instruments and supplies 31155) 2,989] 3,095] +5.6 “asl 3086} 2-866) 3,293] 2.888] +69) 15,178) 14,442
Photographic goods 1869} 1,863) 1,767] +0.3) +5 “g2] Yoo} 1.753] 1.728} 20091 -5.4] 8,668] 9,071 -
Alll other durable goods 16385] 16303{ 16511] +03) -13} -0.3) 16,232) 16,096{ 17,014) 16,221 +0.1] 80,822 77,667
Nondurable goods industries 137371 137323] 136,866] 0.0] +03) -0.4f 136,967} 135,359} 139.317] 127,760) 47.2 671,913] 619,626
With unfilled orders . 34916] 34.701] 341535| +06] +05] +09] 34,299 34,214] 34,926) 30.864 +111] 168,913] 149,969
Food and kindred products 35767] 36284] 36.010{ 14] +0.8| -0.4} 35,762] 35,034] 36,681] 35,282] +14 176,144] 172,880
Meat products s031| 8373] 804s] -4.1{ +41] -1.3) 8,200] 8,163) 7.983] 8.143 +0.7| 39,867] 39,367
Dairy products 4614) 4658) 4.733) -09|  -1.6}-1.2| 4,688) 4,593}, 4,803) 4,704 -03| 23,262] 22,845
Beverages S314] 5349{ 5339] -0.7] +02) +11] 5,787] 5,296) 5.311) 5.664 422] 25,619] 24,882
wil other foods, except fats and oils } 16,028] 16,030] 15,793[ 0.0] #15) -L.l] 15,307) 15,108 16.484| 14979) +2.2] 77,712) 76,652
‘Tobacco products | "Soos} 31027] 21843] -0.7} +65 -6.6] 3,096] 2.865] 2.936) 2.628 +1781 14,133] 13,261
Textile mill products 6334) 6.283] 6424] 40.8) -2.2[ 40.7] 6,328 6.740| 6,190, +22] 30,839] 29,335
Broadwoven fabrics and
other textiles 39171 3,904) 4,011] 403] -2.7) 40.4) 4,007) 3,785) 4,289) 3.933) $18 19,558] 18,445
Paper and allied products 13921] 13,673. 13.469. +18) +15) +0.7] 13,879) 13,326) 13.719) 11,101 +25.0| 67,037{ $3,980
Pulp, paper, and
paperboard mill products 6,090 5,858] +0.9| +30 42.8) 6,090] 5,883) 5,968] 4,387) +388 29,070] 21,289
Paperboard containers and boxes 3,731 3629] 442] -13] +06 3.779} 3,615] 3,698) 2,930 +29.0 18,066] 13,946
Miscellaneous converted
paper products 4100} 4,057] 3,982| +1.) 41.9) 2.4] 4,010) 3.828] 4,053] 3.784 +6.0) 19,901} 18,745
Chemicals and allied products 30241} 29.991] 30,488] +08) -16 -0.7) 3 30,905] 32.372} 28.424) +7.3) 153,174] 138,504
Industrial chemicals Terai} 16549] 16819] +12) -Lo]  -0.1] 16,992] 16,962) 17,607) 14.873) +18 2) 84642] 71,313
Drugs, soaps, and toiletries 10.208 10:163) 10.281) +0.4| -L.1] -0.5| 9.361] 9,637} 10,690) 9.437 -0.8 48.971
Petroleum and coal products 13'503] 131567] 13,082] 40.2} +3.7] -2.4| 13,986) 13.298) 11,847] 12,001 4158.7 58] 54,602
Rubber and plastics products 101094] 100046] LILI] +03] -0.6 0.1] 10.359) 10,251) 10,680) 9.701) +68 50,903] 46,308
All other nondurable goods 24413) 24.452] 241439} -0.2) 40.1 +1.0] 23,047] 23.628) 24,342 3] 43.2) 117,125] 110,756

T Preliminary. Revised

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

See note at end of table 2 relating to survey variability