Table 4. VALUE OF MANUFACTURERS’ INVENTORIES FOR INDUSTRY GROUPS

(Millions of dollars)

Seasonally adjusted Not seasonally adjusted
Industry Monthly Percent Change Monthly Percent
Dec. Nov. Oct.| Nov.-|  Oct.-| Sept.- Dec. Nov. Oct. Dec.} Dec.
1992° 1992" 1992] Dec.| Nov.| Oct} 192° 1992" 1992 1991] 92/91
All manufacturing industries . . . 379,053} 381,266} 383,708 06 0.6 0.2} 373,019} 381,121 384,281 379,926 18
Manufacturing industries
with unfilled orders : 250,635} 253,181] 255,272 “10 08 -0.4] 244,695] 252,312} 254,983] 256,447 AG
without defense capital goods . 348,119] 350,579] 352,076 07 04 0.2] 343,281] 350,247] 352,161] 345,037 OS
Durable goods industries . . 235,403} 237,542| 239,390 09 08 05} 230515] 237,538] 239,448] 241,915 47
With unfilled orders : 217,292| 219,275] 221,083 0.9 08 OS] 212,349] 219,084] 221,280] 223,626 5.0
Stone, clay, and glass products’. 7791 7,916 a7) +01 08 7,694 7,754 7,655 7,906 27
Primary metals : 19,293 19,663 08 “Ld -L1] 19,352] 19,432] 19.658] 20,276 46
Blast furnaces, steel mills 9/522 9,668 08 08 03 9,808 9,699 9,690] 10.281 46
Iron and steel foundries 1,432 1,425, 08} +13 06 1,405 1,392 1.390 1379, #19
Nonferrous and other primary
metals . : 8,339 8570 09 18 24 8,139 8341 8,578 R16 SS
Fabricated metal products .........| 22830 22,938) +0.1 06 10} 22,367{ 22596] 22.718] 22.297} #03
Industrial machinery and equipment 44,328 45,056 18 +0.2 0.1 43.088 45.396 45.182 48.309 49
Engines and turbines : 3,605 3,588 02} +07] +30 3,264 3.795 3.758 3.275 03
Farm and garden machinery 2,414 2,347 03) +32) +01 2.412 2413 2.274 2371) +17
Construction, mining and
material handling equipment . 5,855 5,824 +15 21 $,761 5,835 5.769 6,336 9.1
Metalworking machinery . . . . 5,404 5,614 21 08 5,247 5,$21 5,631 5.495 45
Computer and office equipment . 9/260 9,767 9.739 +03) +22 8,890 9,976 9,901 9.400 54
Electronic and other
electrical equipment ............. 30,595 30,688} 30,699 03 0.0 1.0] 29,785} 30,414} 30,585 30,052 0.9
Electrical transmission and
distribution equipment and
industrial apparatus ..... . 4,057 4,155 4,195 “1.0 “ld 3,964 4,152 4,184 4,151 45
Household appliances . . 2,532 2,585 2,659 28 0.7 2,347 2,505 2,576 2,502 62
Electric lighting and
wiring equipment .......... 2,910 2,979 2,991 23 04 02 2,767 2,950 2,999 2,844 27
Household audio and
video equipment ...... : 1,165 1,194 1,202 24 0.7 -16 1,104 1,131 1,210 1141 32
Communications equipment . 7,582 7,408 77253| +23) +21 09 7522 7,423 7,253 7191] +46
Electronic components 8,897 8,829 8885) +08 06 0.9 8,746 8,809 8,881 8,841 “LL
Transportation equipment 67,228] 68,171] 69,476 “14 19} +01] 65,698] 68,674] 69,950] 72,636 96
Motor vehicles and parts 11,543] 12,092} 12,397 AS 25 -18} 11,538] 12,367] 12,477] 12,766 96
Aircraft, missiles,
space vehicles, and parts. 51,429] 51,784] 52,867 07 +03| 49,993] 52,077] $3,323] 55,597] 10.1
Shipbuilding and tanks . : 1,824 1815 1g} +05 +37 1,732 1,774 1,796 2,043) -15.2
Instruments and related products ....| 23,318 23,275] 23,478] +0.2 -14] 22,609] 23,320] 23,608] 23,827 51
Search and navigation equipment ..| 6,887 6,904 7,022 02 34 6,595 6,891 7,083 7981) -174
Measuring and controlling devices .| 6,580 6,534 6,608)  +0.7 “12 6,475 6559 6,637 6,638 25
Medical instruments and Supplies + 6,247 6,332 6317 13 +01 6,110 6.362 6.332 5.944] +28
Photographic goods .... os 2,922 2,865, 2,895]  +2.0 05 2,767 2,878 2.639] +49
All other durable goods . 20,020 20,068 20,164 0.2 00 19.922 19.952 20.092 19.612 +16
Nondurable goods industries 143,650} 143,724] 144,318 0.4 +03] 142,504} 143.583] 144.833] 138.011 +33
With unfilled orders : 33,343 33,906} 34,189 0.8 0.0) — 32,346 33.703 32.621 4
Food and kindred Products. 30391] 30.538] 30,836 -10} +08} 30.847 30.580] +09
Meat products . . o 2,857 2,854 2,909 1.9 +3.9 2,740 2.065 +28
Dairy products 2,697 2.743 2,807 23 22 2584 278 2456] 45.1
Beverages .. . - 5.710 5,693 5,716 04 0.1 5641 5,766 S531] +20
All other foods, except fats and oils 17,567 17,627 17,771 08 +09 18,199 19,256 18,229 02
Tobacco products 6,830 6,800 6,815 02) +17 6,973 6,879 6582] +5.9
Textile mill products. 9,129 9,155 9,132 +03] +02 8,706 8,971 8,235] 9 +5.7
Broadwoven fabrics and
other textiles 5,220 5,287 $,331 14) +05 5,027 $,233 4930] +2.0
Paper and allied products - 13,385) 13,804] 13,850 03} +06) 13,292 13,466] 13,474 “14
Pulp, paper, and
paperboard mill products ...... . 5,562 5,833 5,873 46 0.7) +12 5,545 5,684 5,504] +0.7
Paperboard containers and boxes ..] 3,199 3,239 3,230 12] +03 03 3,257 3,147 3,335 23
Miscellaneous converted
Paper products 4,624 4,732 4,747 23 03) +04 4,490 4,635 4,635 “31
Chemicals and allied products . 35,600] 35,247] 35,188] +10] +02) +06) 35,351 34,854] 33,867) +4.4
Industrial chemicals . .. 17,564 17,609 17,593 03 +01 05 17,564 17,291 17411 +09
Drugs, soaps, and toiletries 13,287] 12,934} 12,931] -+2.7 00) +18) 12,981 13,004] 11,732) +106
Petroleum and coal products 11,123) 11,296] 11,584 “1S 25 23] 11,079 11,918] 11,202 “Ld
Rubber and plastics products 11,553] 11,465} 11,388] +08} =+0.7] +06] 11,583 11,209) 11,098] +44
All other nondurable goods . 25,639| 25,419] 25,525] +0.9 04} +01] 24,673 251090| 22,967] +7.4

P Preliminary. " Revised.


10

Billions of Dollars

Total Manufacturing
New Orders and Shipments
Three Month Moving Averages

300 300
New Orders
280 | Shipments |-| 280
260 - 4 260
240 240
220 |~- - 220
200 4 i 1 1 4 i 1 i 1 1 41 1 200
Dec Feb Apr Jun Aug Oct Dec Feb Apr Jun Aug Oct Dec
Dec. 1990 - Dec. 1992
Total Manufacturing
Ratio of Unfilled Orders and
Inventories to Shipments
/S Ratios UO/S Ratios
25 7 43
24 vor | | 4.2
2.3 us
22/ se} ) 44
24 4
2 3.9
1.9 b—
38
1.8 }—
1.7; e 3.7
16; 3.6
155 3.5
146 4
13 F - —— 434
1.2 i 1 i 1 1 1 it 4 i it i i 3.3
Dec Feb Apr Jun Aug Oct Dec Feb Apr Jun Aug Oct Dec

Dec. 1990- Dec. 1992

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
Dec. Nov. Oct. Nov.- Oct.- Sept.- Dec. Nov. Oct. Dee. Dee
1992P 1992! 1992 Dec. Nov. Oct. 1992° 1992" 1992 1991] 92/91
UNFILLED ORDERS
All manufacturing industries ..... 472,666] 471,514] 476,248 +02 -1.0] +0.1] 470,028] 468,300] 473,628] 502,265 64
Market categories :
Automotive equipment . . . 1,605 1,641 1,626 22) +09 -2.0 1,579 1,630 1,618 1,675 57
Home goods and apparel . 10,471 10,259 10,111 +21] +15 +47 9,042 9,181 9,880 8,438 +72
Consumer staples ..... 1,339 1,330 1,344 +0.7 1.0] +32 1,379 1,336 1,353 1,285 +73
Machinery and equipment . 200,253] 200,454} 204,054 0.1 -18 0.1] 199,701] 200,207] 203,898] 213,861 66
Business supplies 5,728 5,541 5618] +34) -14 0.7) 5,605 5,436 5,572 5,756 26
Construction mate!
and supplies . 14,102) 14,075} 14,092] +02] = 0.1] +10) 13,941] 13,808] 13,899] 13.877| +05
Defense products . 121,027] 121,050] 121,824 0.0] 06} =+0.1] 122,288] 121,259] 121,100} 136,023] -10.1
Other materials, supplies and
and intermediate products .... . 118,141] 117,164} 117,579] +08] 0.4 0.2} 116,493] 115,443] 116,308] 121,350 4.0
Durable goods industries :
Nondefense capital goods > 219,251) 219,434] 223,570 01 18 0.0} 218,911] 219,429] 223,462] 234,601 6.7
Excluding aircraft and parts, 72,381 72,353} 72,827 0.0 0.7 0.1 72,041 . 72,119] 74,663 35
Defense capital goods : 127,470} 127,424| 128,323 0.0 0.7 0.1] 128,432] 127,590] 127.690] 143,631 -10.6
Durables excluding capital goods 103,054} 101,658] 101,457 +14 +02 +0.4| 100.587 98.923 99,646} 101,492 09
Miscellaneous series
Producers’ durable equipment 223,480] 222,462} 225,953 +05 1S 0.0] 221.566] 221.216] 225.418] 236.763 64
Household durable goods : 5,821 5,622 5,501 +35} +22 4,765 4.835 5.238 4.490 +6h
Information technology industries 32,207] 31,061} 31,530] +3.7 1S 3190L} 31.244) 31.708} 33.091 5.2
Health care equipment
and products . . 8,258 8,586 8537 -38] +06] +64 8,258 8.587 8,538 8,222 +04
TOTAL INVENTORIES
All manufacturing industries 379,053] 381,266] 383,708 06 0.6 0.2} 373,019) 381,121] 384,281] 379,926 “18
Market categories :
Automotive equipment . 6,202 6,403 6,442 31 0.6 0.6 6,156 6,481 6,394 6,543 59
Home goods and appare! 29,462] 29,203] 29,206] +09 00] +01] 28482] 27,931] 28,482] 26,075] +92.
Consumer staples . 59,475} 59,337] 59,858] +02] 09) +07] 59,458] 60,626] 61,561] 57824] +28
Machinery and equipment 86,496] 87,960] 87,939 “17 0.0 03) 84271] 88,339] 88,041] 87,691 39
Business supplies . 21,655] 21,844] 22,078 09) a 0.7| 21,034] 21,734] 22,111] 21,484 21
Construction materials
and supplies 22,751 22,740] 22,786 oof = 02 06} 22,394] 22,497} 22,591] 22,074 +14
Defense product 29,136] 28,763] 29,724] 41.3, “32 0.0} 28,149) 28,857] 30,147] 32,874] 14.4
Other materials, supplies and
and intermediate products ..... 123,876] 125,016 | 125,675 09} 05 O05} 123,075] 124,656] 124,954] 125,361 18
Durable goods industries :
Nondefense capital goods 81,311) 82,711] 82,774 7 0.1 02| 79,185] 83,009} 82,970] 83,194 48
Excluding aircraft and parts 53,154] 54,101] 53,897 18] +04 0.0} 51,500] $4,333} $4,044] 53,982 46
Defense capital goods * .. 30,934] 30,687} 31,632] +08 “3.0} +01] 29,738) 30,874] 32,120] 34,889] -148
Durables excluding capital goods 123,158} 124,144] 124,984 08 07 08} 121,592] 123,655} 124,358] 123,832 -18
Miscellaneous series :
Producers’ durable equipment 139,490] 141,726] 142,196 “1.6 0.3 0.6] 136,337 142,093} 140,951 3.3
Household durable goods .. . . . 12,702 12,804] 12,933 08 -1.0 Ol] 12. 12.753 00
Information technology industries 27,616| 27,976] 27,961 3} +01 +02 28.203 2.7
Health care equipment . ‘ :
and products . : 13,457] 13,353} 13,336 +08} +01 +10], 13.158 13.390 +6.

Sce footnotes at end of table 5.


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

Seasonally adjusted

Not seasonally adjusted ?

Monthly Percent Change Monthly Percent] Year to date
Industry change
Dec.} Nov.} Oct. Nov.-] Oct.-] Sept.-] Dee.] Nov. Oct.} Dec.) Dec.
1992P| 1992'|  -1992] Dec.} Nov.] Oct.] 1992P] 1992" 1992 1991} 92/91 1992P 1991
SHIPMENTS
All manufacturing industries... . 255,083} 248,160} 244,391] +28] +15] -0.6] 248,843] 248,832] 256,009} 226,829] +9.7 | 2,929,307 |2,821,699
Market categories :
Automotive equipment ..... 11,211] 10,547] 10,053] +63] +49] +43] 9,379] 10,706] 11,591] 6,992] +341] 118,225] 103,971
Home goods and apparel 18,298] 17,449] 17,215} +4.9| +14] +08] 15,592] 18,419] 19,523} 13,379] +165] 201,547] 181,320
Consumer staples ....... : 56,673| 55,627] 54,846] +19] +14] -2.7] 56,726] 56,597] 56,502} 53,609] +58] 660,385 ;
Machinery and equipment . . . 43,390] 41,613] 40,339] +43] +32] 0.3/ 47,196] 40,946] 40,893] 40,012] +180} 482,724] 457,838
Business supplies ......... 19,321] 18,799] 19,119] +28] -1.7] +23] 18,708} 19,267] 20,355] 18,192} +28] 226,950] 230,003
Construction materials
and supplies .. . 16,225] 15,696] 15,470] +34] +15] -1.7] 14,447] 15,310] 16,635] 12,866] +123] 184,597] 169,189
Defense products . . - 8,096} 7,892] 73 +26] +06] -9.1] 9,930] 8,253) 7,767] 10,367) 4.2 x 102,477
Other materials, supplies and
and intermediate products . 81,869| 80537] 79506] +1.7] +13] +03] 76865} 79,334] 82,743] 71.412] +7.6| 955.871] 928,029
Durable goods industries :
Nondefense capital goods ° 34,004] 32,733] 31,754} +3.9{ +31] .0.9] 39.499] 31.719] 30.770] 33.812] +164] 382.223] 365.708
Excluding aircraft and parts 27801] 26.527| 25,993] +48] +21] -18] 31,704] 25.698] 25.432] 27.029] +173] 309.497] 292.024
Defense capital goods“ ”........] 7,862] 7.658] 7,612] +27] +06] -86/ 10084} 8,160) 7540] 10.446] —-35] 46,706] 101.Re4
Durables excluding capital good: 90,826| 87,714} 85,796] +35] +22] +1.0] 82076] 87.762] 93,064} 71.259] +15.2| 1.019.328] 955.006
Miscellaneous series :
Producers’ durable equipment 84,397] 81,104] 78,802} +4.1] +29] +0.6] 84.482] 80,757] 83,291] 71,848] +17.6| 940,136] 883,042
Household durable goods --| 7561] 7513] 7,347} +06] +23) +14] 6960] 7914] 8226] 6.165] +129] 86.068] 80,036
Information technology industries .} 15,127] 14,737] 14,399] +26] +23] -18| 18651] 14572] 13,678) 15,924) +171] 172,050} 158,021
Health care equipment
and products ........ 8,306] 7,849] 7,667] +58] +24] 43] 8,348] 7,694] 7,605} 7,634] +94] 93,765] 88,852
NEW ORDERS
All manufacturing industries... . 256,235 | 243,426} 244,777} +53] 0.6] +2.0] 250,571] 243,504] 254,719] 224,698] +11.5 | 2,897,070 | 2,805,293
Market categories :
Automotive equipment . . 11,175] 10,563] 10,019] +58) +54] +4.1] 9,329] 10,718] 11,560] 6,946) +343] 118,130] 104,138
Home goods and apparel 18,509] 17,596| 17,673] +5.2] -04] +43] 15,454] 17,720] 19,343] 13,246] +16.7| 202,150] 182,049
Consumer staples ..... 56,682} 55,613] 54,888] +19] +13] -2.7] 56,769] 56,580] 56513} 53,587] +5.9| 660,479
Machinery and equipment 43,190] 38,013] 40,220] +136] 5.5] +36] 46,689] 37,255] 40,667] 37,321] +25.1] 468,562] 448,541
Business supplies 19,507| 18,722} 19,078] +42] -19] +26] 18877] 19,130] 20,109) 18,202] +3.7] 226,796| 229,847
Construction materials
and supplies . 16,253] 15,679] 15,605] +3.7| +05] -1.1] 14579] 15,219] 16,463] 13,060] +116] 184,658} 169,809
Defense products 8,073] 7,118] 7,992] +134] -109] +44.0) 10,959] 8,412] 8,367] 11,923] 8.1] 85,273) 95,294
Other materials, supplies and
and intermediate products... .. 82,846| 80,122] 79,302| +34] +10] +13] 77,915} 78,470] 81,697] 70,413] +10.7] 951,022] 926,755
Durable goods industries :
Nondefense capital goods ° . 33,821| 28,597] 31,665] +183] -9.7] +3.6] 38,981] 27,686] 30.608] 30,941] +26.0] 366,533] 358,342
Fixcluding aircraft and parts 27,829} 26,053] 25,945| +68] +04] -1.7] 31,397] 25.327] 25.311] 26.092] +20.3| 306.875) 285.604
Defense capital goods * ........] 7,908) 6,759] 7,439] +17.0] -9.1] +439] 10.926] 8.060] 7,909] 11521]  -5.2| 81.507] 93.658
Durables excluding capital goods 92,222} 87.915] 86,198] +4.9} +2.0] +25] ° 83.740] 87,039] 91.932} 70.958] + 18.0 1.018.423] 952.750
Miscellaneous series
Producers’ durable equipment 85,415] 77,613] 78,803] +10.1] -15] +3.1] 84.832] 76.555] 82.478} 68.495} +239] 924.939
Household durable goods ..... 7,760| 7.634) 7,635] +1.7| 0.0] +5.1] 6890] 7511] 8.072} 6.058] +137] 86.343
Information technology industries .} 16,273} 14,268] 13,991] +14.1] +20] -5.6] 19,308] 14,108] 13,298] 15,125] +27.7] 170,310
Heaith care equipment
and products 7977| 7,898] 8,185] +1.0] -35] +41] 8019] 7,743) 8123} 7,174) +118] 93,800

Preliminary. " Revised.

| Topical series are regroupings of the separate industry categories.
? Shipments and new orders are the totals for the period and are adjusted for trading-day and calendar-month variations.

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

and navigation equipment.

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

search and navigation equipment.


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

Inventory / Shipments ratio Unfilled Orders / Shipments ratio!
Industry Dec. Nov, Oct. Sept. Dec. Nov. Oct. Sept.
192° 1992 1992 193 192° 1992 1992 1992
All manufacturing industries ..... . 1.49 154 157 156 3.47 3.55 3.64 3.63
Durable goods industries .......... 1.77 1.85 191 1.92 4.20 431 4.44 441
Stone, clay, and glass products... .. 1.45 1.48 1.42 1.44 127 1.33 131 133
Primary metals ............ . L.7S 1.78 1.83 1.83 1.85 1.80 1.86 1.87
Fabricated metal products sees 1.62 1.68 1.72 1.72 1.85 1.90 1.94 1.89
Industrial machinery and equipment 1.97 2.07 2.17 2.14 2.36 2.46 2.60 2.55
Electronic and other
electrical equipment ........... 159 1.69 1.66 1.70 2.23 2.35 230 2.32
Transportation equipment |... . 189 2.00 214 2.20 12.13 12.46 13.30 13.49
Instruments and related products . . . 2.26 2.30 233 2.25 5:22 5.22 5.22 4.99
Nondurable goods industries ....... 117 1.20 1.21 1.19 0.78 0.80 0.79 0.79
Pood and kindred products: : 091 091 0.93 0.91 X) x X) X)
‘Tobacco products . . : 2:18 251 2.83 1.92 x: 9% x’
Textile mill products 151 155 154 1.48 lA\ la las ¢ A
Paper and allied products <1... 1.25 132 134 132 NAS NA\ IAS NA‘
Chemicals and allied products’. . 141 143 144 141
Petroleum and coal products 0.85 0.85 0.88 0.92
Rubber and plastics products - 131 129 1.30 129

P 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; kniting mil 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 Dec. Dec. Dec. Dec.
Dec? | 1991- Dec? | 1991- Dec? } 1991. Dec? } 1991-
Dec.' | 1987-| Nov. } Dec.’ | 1987-] Nov. | Dec.'| 1987-] Nov} Dec.'| 1987-| Now.
1992] i991 | 1992} 1992} 1991] 1992] 1992] 1991] 1992} 1992] i991] 1992
All manufacturing industries .... . . es) 03 o1 fos) 02 03 « o1 1 (x) 0.1 1
Durable goods industries 01 0s 0.2 0.4 0.2 0s 01 0.1 0.1 x) 01 0.1
Stone, clay, and glass prods ee) 09 0.7 X 2 15 ) 06 0.7 03 0.2
Primary metals ........ tees . 05 02 0: 12 08 0.0 02 03 02 1
Fabricated metal products ........ (®) 10 04 («) 11 0.6 & 04 03 08 02
Industrial machinery and equipment . 01 11 04 0.1 18 Os 0. 04 0.1 0.1 01
Electronic and other
flectrical equipment 01 06 04 01 11 06 0.0 03 O1 O1 O14
Transportation equipment ........ 0.0 08 0.6 0s 07 15 1 0.0 02 1 02
{nstruments and related products . . . (xX) 18 08 (X) 41 0.6 () 03 01 x! 03 O1
Nondurable goods industries . . . ; . 0. O1 0:
Food and kindred products 3 03 ea x 3) oS e 3) 5 5 01 03
Tobacco products... 5 13 25 0.0 o1
Textile mill products x 03 0s x As lA\ 1A) 08 04
Paper and allied products . x 07 02 x’ Ra Na {Na x’ 03 0.4
Chemicals and allied products . 05 1 x 02 02
Petroleum and coal products . . 14 02 x x x 06 03
Rubber and plastics products | . x : 03 x: x! x x x 0s 02
Capital goods industries
‘ondefense 01 0.6 0s 04 10 li 0.0 01 01 et 0.1 0.
Defense . . 04 06 12 27 58 53 Ol 01 02 X) on 04
1B) Not applicable. (NA) Not available o

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 tne advance epor for the monn

|, The current month revisions are the difference between the advance precent change and the percent change as shown in this publication.
2 average for this month for the last five years.


CURRENT INDUSTRIAL REPORTS

"UReay OF

Mey

Sraras of

U. S. Department of Commerce

Manufacturers’ Shipments,
Inventories, and Orders
“bk apy CEsy

December 1992
; M3-1-(92)-12
For Wire Transmissions 10:00 a.m. E.S.T. February 4, 1993

BUREAU OF THE CENSUS

‘Steve Andrews or Meath

GUIyI63 500 oF CDI STS Note: All figures in text are in seasonally adjusted current dollars
Summary Shipments

New orders for manufactured goods in December
increased $12.8 billion or 5.3 percent to $256.2 billion, the
largest increase since July 1991, the Department of
Commerce, Bureau of the Census reported today. This
follows a 0.6 percent decrease in November and 2.0 percent
increase in October. Excluding defense, new orders were up
$11.7 billion. New orders without transportation equipment
increased $6.6 billion.

Shipments increased $6.9 billion or 2.8 percent to
$255.1 billion, following a 1.5 percent November increase
and a 0.6 percent October decrease. Excluding defense,
shipments increased $6.7 billion. Without transportation
equipment, shipments were up $5.3 billion.

Unfilled orders increased $1.2 billion or 0.2 percent to
$472.7 billion, the second increase in the last three months,
following thirteen monthly declines. Excluding defense,
unfilled orders increased $1.1 billion; without transportation
equipment, unfilled orders increased $1.5 billion.

Inventories decreased $2.2 billion or 0.6 percent to
$379.1 billion, following a 0.6 percent decrease in November.
This is the fourth consecutive decrease. Excluding defense,
inventories decreased $2.5 billion. Without transportation
equipment, inventories were down $1.3 billion. The
inventories-to-shipments ratio decreased from 1.54 in
November to 1.49 in December, the lowest on record.

For the year, new orders totaled $2,891.0 billion, up 3.0
percent from 1991. Shipments were $2,924.0 billion, up 3.6
percent from 1991. At the end of 1992, unfilled orders
declined 6.5 percent and inventories were down 1.8 percent
from the year-end levels of 1991 .

New Orders

New orders for durable goods in December increased
$10.7 billion or 8.7 percent to $134.0 billion, the largest
increase since Jul 1951, This follows a 1.6 percent decrease
in November and a 4.6 percent increase in October. All
major groups except furniture and fixtures and stone, clay,
and glass products had increases. Transportation equipment
had the largest increase, up $6.2 billion or 21.3 percent to
$35.3 billion, with over of the increase in aircraft and
Electronic and other electrical equipment was up $1.1

illion. Primary metals and fabricated metal products each
increased $0.9 billion. Instruments and related products
increased $0.8 billion, and industrial machinery and
equipment was up $0.7 billion.

New orders for nondurable goods increased $2.1 billion
or 18 percent to $122.3 billion, following a 0.6 percent
increase in November. The largest increase was in
chemicals and related products. .

Shipments of durable goods in December increased

$4.6 billion or 3.6 percent to $132.7 billion, following a 2.4
Rercent increase in November. All major groups increased,

‘ransportation equipment had the largest increase, up $1.6
billion or 4.6 percent to $35.6 billion, primarily due to motor
vehicles and parts. Electronic and other electrical equipment
increased $1.0 billion or 5.5 percent to $19.2 bilkon, and
industrial machinery and equipment was up $0.7 billion or
3.3 percent to $22.5 billion.

Shipments of nondurable goods were up $2.3 billion or
1.9 percent to $122.4 billion, following a 0.7 percent increase
in November. The largest increase was in chemicals and
allied products, up $0.7 billion or 3.0 percent to $25.3 billion.

Unfilled Orders

Unfilled orders for durable goods in December
increased $1.3 billion or 0.3 percent to $449.8 billion. This
is the second increase in the last three months. The largest
increase was in instruments and related products, up 9
billion or 1.7 percent to $53.7 billion, due to search and
navigation equipment and measuring and controlling devices.
Primary metals was up $0.7 billion and fabricated metal
products increased $0.4 billion. Transportation equipment,
down $0.3 billion or 0.1 percent to $244.0 billion, has
declined in fourteen of the last sixteen months and is at the
lowest level since September 1989. Industrial machinery and
equipment decreased $0.3 billion or 0.6 percent to $50.7
billion, the lowest level since July 1987. Unfilled orders for
nondurable goods decreased $0.1 billion to $22.9 billion.

Inventories

Inventories for durable goods in December decreased
$2.1 billion or 0.9 percent to 354 billion, the lowest level
since October 1988. This is the fourteenth decline in the
last fifteen months. The largest decrease was in
transportation equipment down $0.9 billion or 1.4 percent to
$67.2 billion, due to motor vehicles and parts and aircraft
and parts. Transportation equipment has declined in eleven
of the last thirteen months and is at the lowest level since
May 1989. Nondurable goods declined $0.1 billion or 0.1
percent to $143.6 billion following a 0.4 percent decline in
lovember.

By stage of fabrication, finished goods decreased 1.9
percent in durables and 0.5 percent in nondurables. Work
in process was down 0.6 percent in durables and up 0.9

ercent in nondurables. Materials and supplies decreased
.5 percent in durables and increased 0.2 percent in
nondurables.

(SEE BACK PAGE FOR 1993 RELEASE DATES)

The advance report on durable goods for January is scheduled for Februai

by the Superintendent of Documents, U.S. Government Printing Office,
Department of Commerce's online Economic Bulletin Board (N.
al

}-1) (202-482-38'

2A, 1993 at 8:30 a.m. and the full report on March 4, 1993 at 10:00 a.m. For sale
fashington, DC 20402. This report is also available the day of issue through the
)) and through the Census Bureau’s online information service-CENDATA.

ATA is available from Dialog Information Services, Inc. (1-800-334-2464) and CompuServe (1-800-848-8199). The CENDATA staff at the Bureau of

the Census (301-763-2074) can provide content information and general guidance.


U.S. Department of Commerce | | | |
BUREAU OF THE CENSUS

Washington, D.C. 20233

Official Business
Penalty for Private Use, $300

POSTAGE ANO FEES PAID
- US DEPARTMENT OF COMMERCE

COM-202

First Class Mail

PUBLICATION DATES FOR THE 1993 MONTHLY M3 SURVEY
MANUFACTURERS’ SHIPMENTS, INVENTORIES, AND ORDERS

Advance Report Regular Report

Report Release Dates Release Dates
Covering (8:30 a.m. release time) (10:00 a.m. release time)
December 1992 Fri., Jan. 29 Thurs., Feb. 4
January 1993 Wed., Feb. 24 Thurs., Mar. 4
February 1993 Wed., Mar. 24 Wed., Mar. 31
March 1993 Fri., Apr. 23 Fri., Apr. 30
April 1993 Wed., May 26 Fri., June 4
May 1993 Wed., June 23 Wed., June 30
June 1993 Wed., July 28 Thurs., Aug. 5
July 1993 Wed., Aug. 25 Thur., Sept. 2
August 1993 Fri., Sept. 24 Fri., Oct. 1
September 1993 Wed., Oct. 27 Thur., Nov. 4
October 1993 Wed., Nov. 24 Fri., Dec. 3
November 1993 Thur., Dec. 23

The Manufacturers’ Shipments, Inventories, and Orders press
release can be faxed to you on the day of issue at a cost of $120
per year. The fee is to cover the subscription service, wire
transmission, and administrative costs. If you wish to subscribe
to this service, or would like more information, please call
Sandy Sollinger at (301) 763-2604.



Nondefense Capital Goods 11

New Orders and Shipments

Three Month Moving Averages
Billions of Dollars

! | 1 L L \ 1 L l ! i !
Dec Feb Apr Jun Aug Oct Dec Feb Apr Jun Aug Oct Dec
Dec. 1990 - Dec. 1992

Defense Capital Goods

New Orders and Shipments
Three Month Moving Averages
Billions of Dollars
" "1

Orde
a New Orders] | Oy

Shipments

5 i 1 1 i 1 1 1 1 1 1 1 1 1

5
Dec Feb Apr Jun Aug Oct Dec Feb Apr Jun Aug Oct Dec

Dec. 1990 - Dec, 1992 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)

Seasonaily adjusted Not seasonally adjusted
Industry Monthly Percent Change Monthly Percent
change
Dec. Nov. Oct.{ Nov. Oct. {Sept Dec. Nov Oct Dee Dee
192° i992" | - 1992] Dec.] Nov Oct. 19728 1992 1992 root | 991
MATERIALS AND SUPPLIES
‘All manufacturing industries .....] 118,306] 118,535| 119,165 02 0S 119,384] 118,512] 119,242) 120,543 “1.0
Durable goods industries = 65811] 66,120] 66,327 05 03 66,007| 66,196] 66,468] 67,876 28
Stone, clay, and glass products . . . 2,449 2,470 2,453 09] +07 2,470 2,458 2,433 2.477 03
Primary metals ...... 6151 6,131 6,12 +03) +01 6,422 6,259 6,265 6,595 26
Fabricated metal products . 8,323 8,072 7995| +31] +10 8,343 7,995 7,932 8078] +33
Industrial machinery and equipmen 13,667] 13,617] 13,609] +04] +01 13514] 13,621} 13,637] 13,192] +24
Electronic and other
electrical equipment .... 9,123 9,076 9005] +05) +08 9,090 9,004 8,998 9,189 “Ad
‘Transportation equipment 11544) 12,167] 12,433 Sa 21 11'567| 12,202] 12,343) 13,870) -16.6
Instruments and related products 7070 7,068 7,120 00] = 0.7 6887 6,995 7062 6740, +2.2
Lumber, furniture and
miscellaneous durable goods .. . . . 7,484 7519 7,586 05 09 774 7,662 1,798 1,735 03
Nondurable goods industries ..... 52,495] 52,415] $2,838] +02 53,377) 52,316] 52,774] $2,667{, +13
Food and Kindred products .....-| 10,124) 10,081] 10,231] +0.4 10,366) 10/445] 10,432] 10,033) +33
‘Tobacco products 5,216 5,183 256, +06 5,675 5,130 5,167 5,459] +40
Textile mill products. 2779 21745 21759) +12 2,70 21622 21662 2544) +71
Paper and allied produc 6,681 6,854 6,909 25 6,752 6,794 6,822 6959 -3.0
Chemicals and allied produ 11,992) 11.870} 11890] +1.0 111956] 11,810] 11,926] 11,631 +28
Petroleum and coal products 2/821 2/864 2/951 aS 2/964 2/850 EX 3)131 53
Rubber and plastics products . 4318 4319 4 00 4,464 4372 4,390 4446) +04
Apparel, printing and publishing
and leather goods .........-+ ++ 8,564 8,499 8474] +08 8,476 8,293 8,371 8,464 +01
WORK IN PROCESS
All manufacturing industries... .. 132,310| 132,754] 134,092 03 -1.0} +03] 128,533] 133,186] 135,281] 135.514 5.2
Durable goods industries | -- + 109,182} 109,830] 111,129 0.6 12] +04] 105.989] 110,127) 111.829] 114.061 7
Stone, clay, and glass products .. . . 1101 1,106 1126 05 18 13 1,051 VoR? 1.061 09
Primary metals ~...... : 71192 7.245 7,265 0.7 03. 4 7,063 7.218 7500 58
Fabricated metal products 72223 72236 7413 0.2 24 06 6,986, 7.436 71085 “14
Industrial machinery and equipment | 17552] 18,204] 18.438 36 13] +05) 16.900 18.678 | 18.969 10.9
Electronic and other
clectrical equipment . . Le 13,503] 13469{ 13,365] +03{ +08] +06] 13,010 13,340
‘Transportation equipment ...... 47 47843| 48,602] +0.2 -16] +14] 46,700 49/025
Instruments and related products ..] 10,518] —10,540| 10,726 0.2 “17 23} 10,192 10,886
Lumber, furniture and
miscellaneous durable goods . . . . 4,149 4,187 4,194 09} 02) +10 4,087 4,165
Nondurable goods industries ......| 23,128] 22,924] 22,963) +09 02 05) 22,544 23,452
Food and kindred products 3,652 ¥ 3674| +03) 09) +16 3,783 857 3,973
‘Tobacco products ..... 82 +49) +242 0.0 88 114 101
Textile mill products... 2,432 2,436 2,431 2) +02 O1 2,330 2,405 2,438
Paper and allied products 1,105 reese 1 05} +13 “1.0 1/094 1087 1/061
Chemicals and allied products . 5,767 679 5,626| +15] +09) +11 5572 5,667 5,643
Petroleum and coal products 2} 2,950 3,005 -7| 0-18 49 2/808 3,006 3,136
Rubber and plastics products 1/523 1514 1489} +06] +17) +24 1500 1,552 1513
Apparel, printing and publishing
and leather goods .......-. +--+ 5,663 5,510 5575] +28 “12 “17 5,369 5371 5,587
FINISHED GOODS
‘All manufacturing industries .....] 128,437} 129,977] 130,451 “12 04 0.0] 125,102] 129,423} 129,758] 123,869
Durable goods industries ......--. 60,410| 61,592] 61,934 06 -11} 58,519] 61,215] 61,151} 59,978
Stone, clay, and glass products . . . 4,241 47350 4,337 +03 09 4173 4,241 4,141 4:
Primary metals... -..- 200 +-+ 3/950 6,074 6,272 32 “17 5/867 6,037 6.175 6.181
Fabricated metal products... ... 7.284 7,503 7530 04 08 7038 731 7/350 7.134
Industrial machinery and equipment | 13,109] 13,332] 13,009 +25 06} 12674) 13,256] 12,867} 13.148
Blectronic and other
clectrical equipment . . 7,969 8,143 8,329 22 38 7,685 8,021 8.247 8,192 2
Transportation equipment . .. . 7:740 8.161 81441 33 “Ld 7a31 8.493 8582 7.19 2
Instruments and related products . . 5,730 5.667 5,632 +06 09 5.530 5.705 5.060 $247 +54
Lumber, furniture and ]
miscellaneous durable goods . . 8,387 8,362 8.384] +03 03) +11 8121 R151 8.129 7.789 +43
Nondurable goods industries ......| 68,027] 68,385] 68,517 05 02] +10) 66583] 68.208 68.007) 63.891 $4.2
Food and Kindred products ....-.} 16,615} 16,815] 16,931 “12 07| +0.7| 16,698) 17,742] 18.041] 16.879 “1
‘Tobacco products .....-.. ++ 1,528 1,535 1,493 05} +28) +214 1.210 11430 16l 1068} +133
‘Textile mill products. . . : 3/918 31974 3,942 14] +08) +17 3,652 3.851 3871 3u9] +90
Paper and allied products 5/599 51839 51844 41 01] +05 5.446 5,689 5.583 5361 +16
Chemicals and allied products |...) 17841) 17,698] 17.672] +08) +01) +03) 17,823) 17578 17,285) 17026] +4.7
Petroleum and coal products ..... 5,402 5,482 5,628 “15 -2.6 06 5,307 $1734 5,778 5,353 09
Rubber and plastics products . . . 5,712 5,632 ss31| +14) +18) +13 5,619 5,469 5,306 5144] $9.2
Apparel, printing and publishing
and leather goods .......-. 04+ 1412] 11,410] 11,476 oo] 06] +10] 10,828) 10,720) 11,132 gm] +115

® Prelimary. ‘ Revised.


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

Seasonally adjusted Not seasonally adjusted
Industry Monthly Percent Change Monthly Pereent
dl
Dec. Nov. Oct.} Nov.-}  Oct.-|_ Sept.- Dec. Nov. Oct. Dec.| Dec.
1992P 1992'} 1992 Dec. Nov. Oct. 1992P 1992" 1992 1991} 92/91
All manufacturing industries . . . 472,666 | 471,514] 476,248 +02 -1.0 +0.1} 470,028} 468,300] 473,628] 502,265 64
Manufacturing industries
without defense capital goods 345,196] 344,090] 347,925] +03 -11}  +0.2] 341,596] 340,710] 345,938} 358,634 48
Durable goods industries 449,775 | 448,516} 453,350 +03 <1 0.0] 447,930] 445,942] 450,798] 479,724 6.6
Stone. clay, and glass products . . 6,312 6,556 6,726 37 25 1.3 6119 6.470 6,682 2
Primary metals . . 20,384 19,715 19,943 +34 Ad 17 20.221 18.898 19,051 $3
Blast furnaces, steel mills 8,222 7,561 7,605] +87 06 “19 8.197 7.220 7.338 4d
Iron and steel foundries . 2/820 2.796 2,767] +09] +10] +08 2.775 2,704 2.749 43
Nonferrous and other primary
metals voce ee ees 9,342 9,358 9571 02 22 24 9.249 8914 8,967 6
Vabricated metal products . : 23,712 23,324 23,346 +17 0.1 +17 23,487 22,893 23,095 Bal
Industrial machinery and equipment . $0,710 51,014] 51,259 06 05 01] 50449} 50.939] 51,124 49
Engines and turbines ........ 10,902 10,925 10,939 0.2 01 04 11,167 11181 11,091 +5.9
Construction, mining and
material handling equipment 6,097 6,161 6,208 “1.0 08) +17 6,067 6,074 6,109 6,165 “1.6
Metalworking machinery . 6,841 7,056 7,320 3.0 3.6 3.6 6,841 7,056 7,320 7917 -13.6
Computer and office equipm' 7,854 7,800 7,957) +0.7 -2.0 0.1 7,548 7,988 8,139 9,215 -18.1
Electronic and other
clectrical equipment ...........- 42,828] 42,700] 42,679} +0.3 0.0] +09) 42,066] 42,248] 42,358] 41,625), +11
Electrical transmission and
distribution equipment and
industrial apparatus . . 5,657 5,854 5,865 34 02] +14 5,612 5,825 5,836 6277 — -10.6
Electric lighting and
wiring equipment 2,841 2,787 2774} +19| +05] +03 2,841 2,787 2,774 2,979 46
Communications equipment . 14,642] 14,392) 14597] +1.7 14] +08] 14,588] 14,448] 14,627] 14,385] +14
Electronic components . . 15274) 15173] 14,849] +07) +22] +01] 14877) 14,754) 14,503) 13,770] +8.0
Transportation equipment . 243,966 | 244,286] 249,219 0.1 2.0 0.0] 244,351] 244,501] 248,641 269,593 94
Aircraft, missiles,
space vehicles, and parts. 213,521] 214,142] 218,474 03 20) +01} 214,002] 214,406) 217,955] 235,014 89
Shipbuilding and tanks .. . 22,785) 22,553] 23,129] +1.0 25 -14 , 22554] 23,174) 27,480] -175
Instruments and related products . 53,739] 52,864] $2,657) +17] +04 02] $4,243] 52,670 56,940 47
Search and navigation equipment 35,838 35,213] 35,025} +18] +05 1.7] 3373] 35,059 38,954 6.6
Measuring and controlling devices. 8,785 8,239 8,259] +66 02| +05 8,785 8,239 8816 04
Medical instruments and supplies ..) 8,230 8557 8511 38] +05] +65 8,230 8,557 8,194] +04
All other durable goods : . 8,124 8,057 7521 +08 +71 0.9 6,994 7,323 6.650 +5.2
Nondurable goods industries 22,891) 22,998] 22,898 05} +04) +11] 22,098) 22.358) 22.830] 22.541 20

? Preliminary. " Revised.



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

Seasonally adjusted Not seasonally adjusted’
Monthly Percent Change Monthly Percent] Year to date
Industry change
Dec.]| Nov.|  Oct.| Nov.-| Oct.-| Sept-| Dec.] Nov.]  Oct.] Dec.| Dee.
1992P| 1992']  -1992] Dec.} Nov.] Oct.} 1992P] 1992" 1992} 1991] 92/91 1992 1991
All manufacturing industries 256,235 | 243,426 | 244,777] +5.3] -0.6] +2.0] 250,571} 243,504] 254,719] 224,698 | “+ 11.5 {2.897.070 | 2,805,293
Manufacturing industries
with unfilled orders .... 137,555 | 127,992| 131,277] +75] -25} +4.7] 140,122] 128,132] 134.856] 124.056] + 13.0 | 1.536.109] 1.502.961
without defense capital goods 248,327 | 236,667 | 237338] +4.9] 0.3] +1.1] 239.645} 235.444] 246.810] 213.177] + 12.4 12,815,563 ]2.711.635
Durable goods industries 133,951] 123,271 | 125,302] +87) -1.6] +4.6] 133,647] 122,785] 130,449] 113.420] +17.8 | 1.460.463 } 1.404.750
With unfilled orders : o 108,444 | 99,147] 102,186] +9.4 -3.0] +51] 112165} 99,129} 104,744] 96,619] + 16.1 1 1.193.726 | 1.161.359
Stone, clay, and glass products. SIS} 5,180] 5,464} -13] 5.2) +0.7] 4,174] 5.135] 5.775] 3.976] +5.0] 63.046] 58.190
Primary metals 11,667] 10,724] 10,304] +88] +32] +5.1] 11.213] 10,663] 10537] 9,767] +148] 131,159] 127,631
Blast furnaces, si : 5,319} 4,638] 4,453} +14.7] +42) +32] Side] 4,511] 4,460] 3.879] +327] 55,839] $3,713,
Tron and steel foundries . . se-f 1,103 1,063 1,023} +38] +3.9] +135 897 1,025 1,139 782) +14.7 11,833] 10,654
Nonferrous and other primary
metals ......-...-... : 5,245] 5,023] 4,918] +44] +21] +54] 5,170] 5,127] 4,938] 5,106] +13] 63,487] 63,264
Fabricated metal products . . -| 14,473] 13,577] 13,723] +66] -11] 1.0} 13,810] 13,184] 14,344] 12,232) +12.9] 159,497] 155,748
Industrial machinery and equipment . 22215} 21/545} 20,657| +3.1| +43] -2.7| 24542| 20795] 20679] 20870] +176| 250.257] 238,988
Engines and turbines .......... 1,618] 1,539] 1,521] +5.1] +12] -21.3}) 2,378] 1,624] 1,495] 1,876] +268] 19,457] 19,815
Construction, mining and
material handling equipment . 2,470] 2,343] 2,525] +54] -7.2) -1.2| 2,388] 2,275| 2,611} 2,288] +44] 27,752] 28,619
Metalworking machinery . -| 2,336] 2,297] 1,724) +1.7] +332) -25.4] 2532] 2,321] 1,918] 2,498] +14] 25,647) 23,899
Computer and office equipment --[| 6,201] 6,084] 5,554] +19] +95] -3.6] 8197] 5,914] 5,113] 6,123] +339] 69,423] 61,359
Electronic and other
electrical equipment ............ 19,321] 18,215] 18,919] +61] -3.7] +23] 19,759] 18,594] 19,025] 17,858] +10.6| 212,538} 198,231
Electrical transmission and
distribution equipment and
industrial apparatus ........... 2,248| 2,365] 2,482{ 49] 4.7) +155] 2,200) 2,264] 2,425} 2,262) 2.7] 27471) 27,144
Electric lighting and
wiring equipment ........ +». 1,854] 1,784] 1,718] +39] +38] +40] 1,966] 1,903] 1,766] 1,844} +6.6| 20,555} 20,100
Communications equipment . . 4,638] 3,756] 4,420} +235} -15.0] +0.7] 5,492] 3,777} 4,060} 4.637) +184] 47,105) 39,269
Electronic components . . . 6,093] 6029] 5839} +11) +33} -21/ 5(993] 6012] 5814] 5.285] +115} 66579| 62,343
‘Transportation equipment 35,289| 29,095] 32,498| +213] 10.5] +21.2] 34,722] 30,148] 35,557] 27,482] +263 365,126] 357,473
Aircraft, missiles,
space vehicles, and parts. 9,936] 6,114] 10,388] +625} 41.1] +58.1] 13,026] 6,951} 10,338} 12,263} +6.2| 105.049] 126.216
Shipbuilding and tanks 1,346 477 620 182.2] -23.1] +88.4] 1,545 416 924] +672] 8176} 11528
Instruments and related produ 11,179] 10,340] 9,995] +81] +35] -20] 12.799) 10,491 10.235] +25.1] 120,557] 119.431
Search and navigation equipment -} 3.158] 2.803] 1,962] +127| +429} -30.1] 4508} 3.045 2.869] +571] 29.998] 31.680
Measuring and controlling devices | 3,245] 2,620] 2,694] +23.9|  -2.7] +71] 3.269] 2.569 2.649] +234] 31.754] 30.775
Medical instruments and Supplies -| 2,676 2,906] 3,349} -7.9] -13.2] +179] 2,775 2,830 2476] +121 H.620] 32.733
All other durable goods . . -| 14,692] 14.595) 13,652] +07] +69] -1.9] 12,628] 13,775 11,000] + 14.8] 164,283] 149.058
Nondurable goods industries ...... 122,284 | 120,155} 119,475} +18] +06] -0.6] 116,924] 120,719} 124,270] 111.278] — +5.1 | 1.430.607 {1.400.543
With unfilled orders .. .. 29,111] 28,845] 29,091] +09] 08] +3.3] 27,957] 29,003] 30.112] 27.437 +19] 342.383] 341.602

P Preliminary. " Revised.

| Shipments and new orders are the totals for the period and are adjusted for trading-day and calendar-month variations.
(2) When new orders for a prior month are negative because of cancellations, the percentage change calculation is algebraically negative, even though there is a net dollar increase from the prior

‘month to the current month.


Table 1. VALUE OF MANUFACTURERS’ SHIPMENTS FOR INDUSTRY GROUPS
(Millions of dollars)

Seasonally adjusted

Not seasonally adjusted!

Monthly Percent Change Monthly Percent] Year to date
Industry change
Dec.} Nov. Oct.| Nov.-] Oct.-] Sept.-] _Dec.} Nov. Oct.}  Dec.] Dee.
1992? 1992'| ~1992] Dec.} Nov.] Oct.}  1992P 1992" 1992 1991} 92/91 1992? 1991
All manufacturing industries 255,083 | 248,160] 244,391] +28] +15]  -0.6| 248,843] 248,832] 256.009] 226.829| © +9.7 | 2,929,307 |2.821.699
Manufacturing Industries
with unfilled orders . 136,403} 132,726] 130,891] +28] +14]  -0.3] 138,394] 133,460] 136,146] 126,187] — +9.7 | 1.568.346 | 1.519.367
without defense capital goods .. .| 247,221| 240,502] 236,779] +28] +1.6] 0.3] 238.759] 240,672 | 248.469 | 216.383] + 10.3 | 2.832.601 |2.719.835
Durable goods industries 132,692] 128,105] 125,162] +36) +24] 0.1} 131,659] 127,641] 131,374] 115.517] + 14.0 | 1,498,257 | 1,422,578
With unfilled orders sees 107,185 | 103,981] 102,046} +31] +19 -0.7| 110,177} 103,985} 105,669} 98,716] +11.6 | 1,225,520 1,179,187
Stone, clay, and glass products. 5,359 5,350 5,556] +0.2 3.7) +04) 4,525 5,347 6,102 4,012} +128 63,179} 57,103.
Primary metals .........---+ 10,998} 10,952] 10,749) +04] +19 12 9,890} 10,816} 11,372 9,548 +3.6} 132,283] 129,969
Blast furnaces, steel mills .. 4,658 4,682 4597 OS} +18 13] 4,169 4,626 4,837 4,117 +13 56,189} 54,876
Iron and steel foundries ...... 1,079 1,034 1,000} +44] +34) +24 886 1,010 1,113 692] +28.0 11,958] 10,952
Nonferrous and other Primary
metals 5,261 5,236 5,152} +05] +16 -18] 4,835 5,180 5,422 4,739 +20 64,136 | 64,141
Fabricated metal products 14,085] 13,599] 13,326] +3.6] +20] -1.0] 13,216] 13,386) 14,264) 12,118 +91] 160,258} 156,877
Industrial machinery and equipment « 22'519| 21,790] 207730] +33] +5.1] -1.6] 25,032] 20,980] 20,743] 21,713] +15.3} 252,879} 242,835
Engines and turbines . . 1,641 1,553 1,567) +5.7 09} 69) 2,392 1,534 1,464 2,194 +9.0 18,834] 18,451
Farm and garden machinery 1,013 1,071 1,038 5.4] +32) +88 948, 932 1,099 1,036 85 13,220 i
Construction, mining and
material handling equipment ... . 2,534 2,390 2,424] +6.0 14 3.1] 2,395 2,310 2,493 2,118] +131 27,850| 29,960
Metalworking machinery . 2551| 2561] 1,994] 0.4] +28.4] -17.1| 2,747] 2,585) 2,188 2,130] +29.0] 26,723} 23,773
Computer and office equipment we 6,147 6,241 5,562 -15] +12.2] -3.6] 8,637 6,065 5,087 7,2A7) +19.2 71,090] 62,618
Electronic and other
electrical equipment ............ 19,193] 18,194] 18,536] +55] -18] +19] 19,941] 18,704] 18,638] 17,666] +129] 212,097] 199,544
Electrical transmission and
distribution equipment and
industrial apparatus . . 2,445) 2,376] 2,402) +29] -1.1] +13] 2.413) 2,275} 2.357] 2,295] +5.1] 28,136} 27,331
Household appliances . 1.726] 1.698} 1,624] +16] +46] -0.1] 1,626] 1.604] 1,628] 1.428] +139] 18.902] 18.263
Electric lighting and
wiring equipment . 1800} 1771] 1,711] +16] +35] 0.7] 1,912] 1.890] 1.759} 1.757] +88} 20.693} 19.705
Household audio and
video equipment . 1,040] 1,059] 1,059} -1.8, 996} 1,330] 1.320 886] +124] 12.276] 10.774
Communications equipment . 4,388] 3,961] 4,300] +108 5,352] 3.956] 3,897) 4.397) +21.7{ 46.902] 41.242
Electronic components . 5,992] 5,705] 5,819] +5.0 . 5.770] 5,761] 5,828] 5,089) +134] 65.472] 62,040
Transportation equipment . . 35,609] 34,028] 32,459] +4.6| +48] +28] 34,872] 34,288] 35,234] 28,237] +235] 390,308] 363,218
Motor vehicles and parts . . . 22,548] 21,264] 20,129] +60] +56 18,871| 21,606] 23,281| 13.583] +38.9| 236,260] 206,379
Aircraft, missiles,
space vehicles, and parts. 10,557) 10,446] 10,068] +11] +38 13,430] 10,500] 9,617] 12,469] +7.7] 126,061} 129,698
Shipbuilding and tanks : 1,114] 1,053 960| +5.8) +9.7 1,415] 1,036 969) 1,128] +25.4| 12,972] 13,400
Instruments and related products . . 10,304] 10,133} 10,083) +1.7) +05 11,226] 10,341} 10,169} 11,118 +10] 123,254] 123,945
Search and navigation equipment .| 2.533] 2,615] 2571] -3.1] +17 31194] 2,867] 2563] 3,374) 5.3] 32,579] 35,356
Measuring and controlling devices 2,699 2,640 2,649) +22 03 2,723 2,589 2,677 2,655 +26 31,785] 30,850
Medical instruments and supplies .] 3,003] 2,860] 2,830] +5.0| +11 31102} 2,784] 2,786] 2,936] +5.7| 34,584] 33,456
Photographic goods .... 1,721} 1,671} 1,686] +30] -09 7,881] 1,759] 1,786] 1810] +39] 20,135) 20,326
All other durable goods . . . 14,625} 14,059} 13,723] +4.0| +24 12,957] 13,779] 14,852] 11,105] +16.7) 163,939] 149,087
Nondurable goods industries . . 122,391 } 120,055 | 119,229] +19] +07 117,184} 121,191] 124,635 | 111,312 +5.3 | 1,431,050 | 1,399,121
With unfilled orders . 29,218} 28,745] 28,845] +16 03 28,217} 29,475} 30,477) 27,471 +2.7] 342,826] 340,180
Food and kindred product 33,490] 33,448] 33,188] +01) +08 32,879 | 33,635] 34,367] 31,791 +3.4| 394,342] 387,050
Meat products 7,462} 7,593] 7,508] -1.7| +11 7380] 7,470] 7,794] 6,993] +5.1| 89,224] 89,379
Dairy products 4,315 4,357 4,360} -1.0 1 4,151 4,410 4,342 4,088 +15 51,848] 49,397
Beverages 4,808 4,717 4,660) +19) +12 4,428 4,472 4,530 4,205 +53 56,021] 53,600
All other foods, except fats and oils 15,040] 15,023} 14,853] +01] +1.1 15,085} 15,525] 15,894] 14,742 +2.3] 176,390} 174,853
‘Tobacco products 3,135 2,711 2,406 | +15.6| +12.7 3,853 3,137 2,251 3,025} +274 33,264) 32,273
‘Textile mill products 6,063 5,924 5,927} +23 01 5,510 6,137 6,422 5,332 +33 72,515| 67,756
Broadwoven fabrics and .
other textiles . 3,696, 3,665 3,667) +08 0.1 AT) 3,474 3,714 3,904 3,513 poe 45,635 | 42,857
Paper and allied products . 10,706] 10,486} 10,333) +21] +15 1.2] 10,287] 10,295} 10,538 9,948 +3.4| 125,69) 124,367
Pulp, paper, and
paperboard mill products . 4426| 4548] 4,334] 2.7] +49] -15] 4,351] 4.493} 4,337] 4.282] +16] 53,266] 53.535
Paperboard containers and boxes 2521] 2518] 2503{ +01] +06] -1.9) 2357} 2.464) 2.638) 2.277) +35} 30.117] 28.748
Miscellaneous converted
Paper products . . 3,759] 3,420] 3,496] +9.9) -2.2] 0.2] 3579] 3.338] 3.563) 3.389) $5.6] 42.186) 42.087
Chemicals and allied products. 25325} 24,585] 24.444] +3.0] +06] -1.7] 24,060] 23,826] 24,328} 22.598] +65] 296,809} 289.039
Industrial chemicals 12.937] 12.924] 12,923] +0.1] 0.0] -0.7} 12.109] 12,658] 13,128] 11547} +49) 154,328} 152.361
Drugs, soaps, and toiletries 9:778| 9.185} 8,906} +65] +31] -38] 9,690] 9.043] 8.859] 8.669] +118 | 108.970] 101.910
Petroleum and coal products 13.108} 13.216} 13,149] 08] +05] +1.9) 12,807] 13,648] 14.256 +31] 157.996] 160,391
Rubber and plastics products . 8851] 8872] 8778) 0.2] +1.1] +0.2| 7.869] 8.428] 9.213] 7,745] +16] 106.681) 103,602
All other nondurable goods . . 21,713] 20,813} 21,004) +43 0.9] +34] 19.919] 22,085} 23.260] 18,448 +8.0 | 243,874] 234,643

© preliminary. " Revised.

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