Table 4. VALUE OF MANUFACTURERS’ INVENTORIES FOR INDUSTRY GROUPS

(Millions of dollars)

Seasonally adjusted

Not seasonally adjusted

Industry Monthly Percent Change Monthly Percent
change
June May Apr] May-| Apr-| Mar.- June May Apr. June} June
19977] 1997" 1997} June} = May| — Apr. 1997" 1997" 1997 1996] 97/96
All manufacturing industries .... . 444,798 | 443,460] 441,508 +03 +04 +0.7| 443,020] 447,620] 443,755] 427,726 43.6
Manufacturing industries
with unfilled orders ........ 294,962] 294,347] 293,223] +02] +04] +08] 294,934] 298,467] 295,086| 284,939] 43.5
without defense capital goods 428,897} 427,309| 425,176] +04] +05 +0.7} 426,889] 431,223] 427,428} 410,421 +4.0
Durable goods industries . . 278,775 | 278,084] 276,992] +02 +04 40.9} 277,565} 281,375| 278,435] 266,934] +4.0
With unfilled orders... 255,206 | 255,054} 254,094] +03} +404] +09] 255,295] 258,489] 255,478| 244,955] +42
Stone, clay, and glass products 8,768} 8,749] 8,683) 40.2) 40.8) «= 0.2] 8.874] ~8993] go10| ~ 8536] +40
Primary metals... 24,775] 24,694) 24659] +03] +011 0.7} 24,661] 24,697] 24,682] 24,128] 42.2
Blast furnaces, steel 12,140) 12,223] 12,184] 0.7] 403] 9-05] 11,897] 12,078] 11979] 1445] 43.9
Iron and steel foundries 1,670 1,679 1,678 05] 40.1 0.1 , 1,726 1,727 1,638] 43.8
Nonferrous and other primary
metals... 2... 10,965} 10,792] 10,797] -+1.6 00) -10) 11,064] 10,893] 10,976] 11,045] 40.2
Fabricated metal products 28,553] 28,289] 28,228 40.9{ +02 +05] 28,933] 28,663] 28,625] 27,250] +62
Industrial machinery and equip $9,543] 59,635] 59,387 02] +04 +13] 58,817} 60,721] 59,793} 58,331 40.8
Engines and turbines . . 3,621 3,641 , 05]  -13] +13] 3,556] 3,661} 3,640] 3,575] -05
Farm and garden machinery 3,277 3,231 3,173, +14) 418] 423 3,113 3,133 3,192 2,889] +78
Construction, mining and
material handling equipment 7,730 7,645 7,623 +h 40.3 +08 1,116 7711 7,746 7,424] 44.7
Metalworking machinery . . 7,339 7,431 7,481 “12 0.7] +12 7,310 7,559 7,515 7,137) +24
Computer and office equipment 11,820] 11,950] 11,830) -L.I] +10] = 409] 11383] 12,484] 11878] 12298] -7.4
Electronic and other .
electrical equipment ........ 39,661] 39,690} 39,540 0.1 +0.4 +12] 39,674] 40,413] 39,889] 39,361 +08
Electrical transmission and
distribution equipment and
industrial apparatus ..... . 5,324 5,315 5,264 +0.2 +10 +10 5,271 5,355 5,266 5,005 453
Household appliances . . 2,799 2,785 2,783 40.5 +0.1 42.9 2,852 3,004 2,965 2,728 +45
Electric lighting and
wiring equipment ............ 3,351 3,366 3,346 04 +0.6 +15 3,401 3,461 3,383 3,297 43.2
Household audio and
video equipment 1492} 1,528] 1,544) 24] -1.0) 2.0] 1,547] 1,568 1,530 1,762] -12.2
Communications equipment 10,510) 10,525] 10,405] 0.1] +12] +06] 10,414] 10,858] 10605} 9915] 45.0
Electronic components . 12,703] 12,702] 12,776 00) 06) +17] 12,627) 12,642] 12671] 13,163] 4
Transportation equipment 66,344] 66,107] 65,735] +04) 40.6) +13) 65,515] 66,672] 65,754] 60014] 49.2
Motor vehicles and parts . 16,967] 17,339] 17,102 21 +14 +14] 16,342] 17,282] 17,081 15,779 43.6
Aircraft, missiles,
space vehicles, and parts. 44,672) 44,044) 43,925] +14) 403] +12] 44,572] 44,637] 43,920] 39,579] 412.6
Shipbuilding and tanks ..... . 1,618 1,577 1,687} #26] 65] +19 1,596 1,601 1,732 1,709) 6.6
Instruments and related products 24,814] 24,690} 24,694 40.5 0.0 +06) 24,940] 24,890] 24,816] 24,054 43.7
Search and navigation equipment 6247} 6,219} 6,187} 40.5] 405] 40.9] 6.277] 6,263] 6,241 5,798] +83
Measuring and controlling devices . 7,864) 7,759] 7,742] +14] 40.2] = +08] =—7903]—7.786| 7.791 7,526] +50
Medical instruments and supplies TIN} = 7,763) 7810) +0.1 06] +03] 7,802] 7,824] 7,807] 7490] 44.2
Photographic goods . . 2,289 2,309 2,325 09 0.7 +06 2,305 2,366 2,342 2,620] -12.0
Alll other durable goods . 26,317} 26,230} 26,066) +03) +06] +07] 26151] 26326] 25.966] 25.260| +35
Nondurable goods industries . 166,023 | 165,376] 164,516 +04 40.5 +04] 165,455] 166,245] 165,320] 160,792 42.9
With unfilled orders... .. 39,256] 39,293] 39,129 -0.1 +04 +03] 39,639} 39,978] 39,608] 39,984 09
Food and kindred products . . 35,214] 35,060] 34,929) 40.4) 40.4) 40.5) 33,621] 33,766] 34.233] 32975] 42.0
Meat products 3860] 3,841) 3,791] +05] +13] 418 906] 3,923} 3,890] 3.784] 43.2
Dairy products . 3,253] 3,235] 3,235] +06 0.0] +13] 3,305] 3,250) 3294) 3014] +97
Beverages .... 6,672| 6,691 6,664) 03] +404) +11] 6612] 6,691 6,693] 6,543] +11
All other foods, except fats and oi 19,511) 19,388] 19,311] +06] 404] +06] 17,989] 18,024] 18389] 17.728] +15
Tobacco products . . 6,195 6,238 6,241 0.7 0.0 +14 S718 5,957 6,170 402 +58
Textile mill products... 10,209] 10,155} 10,155 +0.5 0.0} +08} 10,282] 10,488} 10,442] 10,033 42.5
Broadwoven fabrics and
other textiles 6356] 6,327] 6,320] 40.5] 40.1] +06) 6,362] 6,488] 96,469] 6,299] +1.0
Paper and allied roducis 15,846] 15,948] 15,961 06)  -O.1 0.6} 15,792] 16,200] 16,180] 16,494] -43
ulp, paper, an
paperboard mill products ..... 6,542 6,590 6,584 07} +01 40.1 6,470 6,668 6,652 6,872 5.8
Paperboard containers and boxes . . 3,817 3,894 3,925 -2.0 08 “19 3,786 3,934 3,969 3,959 44
Miscllancous converted
aper products ......... 5487) 5,464] 5,452] 404] 40.2] «=—-05] 5,536] 5,598] 5,559] 5,663] -2.2
Chemicals and alied products 42,293] 42,045] 42,013] 40.6] 40.1] = 40.8] 42,338] + 42,577| 42.440] 40378] +49
Industrial chemicals . 19,626] 19,510] 19,437] +06] +404] 04] 19,469] 19,483] 19395] 18,795] 43.6
Drugs, soaps, and toiletries. . z 17,414] 17,466] +0.1 -03/ +31] 17,789] 17,957] 17647] 16,688] +66
Petroleum and coal products . . . 12,714] 12,621] 12,398) = +0.7] +18} = -19] 13,040} 13,025] 12,512] 12129] 47.5
Rubber and plastics products. . 16,305 16,231 16,037 40.5 +12 +0.6 16,308 16,415 16,328 15,244 +7.0
All other nondurable goods . . . 27,247] 27,078} 26,782 +0.6 +11 +0.6] 28,356] 27,817] 27,015] 28,137 40.8

” Preliminary. * Revised.

See note at end of table 2 relating to survey error and re



10 Total Manufacturing
New Orders and Shipments
Three Month Moving Averages

Billions of Dollars
360 360

New Orders

340 F--------- 2 - eee eee eee --e Shipments | 340

320 320

300

280 ------------------------- +--+ 2 eee - eee -| 280

260 L L L 1 1 L L L L 1 L L 260
Jun Aug Oct Dec Feb Apr Jun Aug Oct Dec Feb Apr Jun

Jun. 1995 - Jun. 1997

Total Manufacturing
Ratio of Unfilled Orders and
Inventories to Shipments

V/S Ratios UO/S Ratios
2.5 = 3.9
24 F--- > oo rr te er er eee vos [43.8
23f--- 5-5 rr rte er ee errr ee us} 3.7
2.2

2.1

2
1.9
1.8
1.7
1.6
1.5
1.4
1.3
1.2

Jun Aug Oct Dec Feb Apr Jun Aug Oct Dec Feb Apr Jun
Jun. 1995 - Jun. 1997

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
June May Apr. | May- | Apr.- | Mar June May Apr. June | June
1997" | 1997" 1997 | June | May | Apr. | 1997" | 1997" 1997 1996 | 97/96
UNFILLED ORDERS
All manufacturing industries... .. 524,119 | 522,689 | 522,214 +03 +0.1 -0.3 | 523,399 | 526,202 | 527,593 | 501,620 +43
Market categories :
Automotive equipment . . 2,424 2,405 2,402 +08 +0.1 0.1 2,362 2,376 2,441 2,170 48.8
Home goods and apparel 8,501 83321 8,006 | 422) 439} -12] 8985 | 8822] 8359] 9°703 “14
Consumer staples . . .. 2,294 | 2,248 | 2227] +20{ +09] 431 2,287 | 2,129 | _2;103 1,989 | +15.0
Machinery and equipment 232,629 | 232,296 | 233,273 | +0.1 -04 | -0.6 | 232,452 | 233,006 | 233,786 | 223,779 439
Business supplies ...... 5: 6,963 | 6850] -02] +16] +16] 7,032] 7,193 | 6867 | * 6656 +5.6
Construction materials
and supplies... 17,065 16,817 16,801 +15 40.1 +18 17,192 16,946 16,978 15,914 48.0
Defense products . : 103,206 | 103,632 | 104319 04] -0.7 ]  -0.1 | 103,761 | 104,732 | 106,694 } 105,940 24
Other materials, supplies and
and intermediate products ..... . 151,051 | 150,007 | 148,336 40.7 +11 -0.2 | 149,328 | 150,998 | 150,365 | 135,469 410.2
Durable goods industries :
Nondefense capital goods >. . . 252,176 | 251,746 | 253,136 +02 05 -0.7 | 251,560 | 251,995 | 253,278 | 241,028 +44
Excluding aircraft and parts. 97,451 97,941 | 98,149. 0.5 0.2 +0.2 | 96,835 | 98,190 | 98,291 | 95,089 +18
Defense capital goods‘ . . . 107,977 | 108,417 | 109,210 04 0.7 0.1 | 108,570 | 109,568 | 111,720 | 110,740
Durables excluding capital goods 138,324 | 137,051 | 134,325 +0.9 +2.0 +0.5 | 136,858 | 138,479 | 136,541 | 124,973
Miscellaneous series :
Producers’ durable equipment .... | 269,682 269,474 | 270,199 40.1 03 0.4 | 268,853 | 270,148 | 270,611 | 259,041 43.8
Household durable goods ....... | 5.888 | 5686 | 5393 | 436] +54] +07] — 6034 5,888 | 5.470 | 5,9 411
Information technology industries. 37,920 | 37,508 | 37,434 +11 40.2 05 | 37,869 | 37,761 37,190 | 36,469 43.8
Health care equipment
and products ............... 7,885 8,086 8,058 25 +03 +41 7,627 8,048 7,931 7,336 +4.0
TOTAL INVENTORIES
All manufacturing industries 444,798 | 443,460 | 441,508 +03 40.4 +0.7 | 443,020 | 447,620 | 443,755 | 427,726 43.6
Market categories :
Automotive equipment... . 8409 | 8472 | 8319 0.7} +18} +17] 8127] 8,538] 8,386 | 7,848 43.6
Home goods and apparel 32,202 | 31,914 | 31,693 | +09} 40.7] 40.7 | 33248 | 33,075 | 32168 | 32261 43.1
Consumer staples ........ 69,059 | 68,871 | 68,613 +03 +04 +11 | 67,878 | 68,342 | 68,195 | 65,329 43.9
Machinery and equipment . 111,949 | 111,159 | 110,570 +0.7 +05 +13 | 110,890 | 113,084 | 111,366 | 103,549 47.1
Business supplies ....... 26,644 | 26,501 | 26263 | +05} +09] -0.1 | 26,803 | 26,870 | 267585 | 26040 429
Construction materials
and supplies 27,359 | 27,233 | 27,092 +05] +05 | +05 | 27,552 | 27,541 | 27,408 | 26,529 43.9
Defense products ..... 15,626 | 15,881 | 16,062 “16 “ll +0.7 | 15,818 | 16,101 | 16,060 | 16,783 57
Other materials, supplies
and intermediate products... .. . 153,550 | 153,429 | 152,896 | +0.1 | +03 | +02 | 152,704 | 154,069 | 153,587 | 149,387 422
Durable goods industries :
Nondefense capital goods * .. . 105,913 | 105,149 | 104,545 | +0.7] +06] +12} 104,958 | 107,182 | 105,281 | 97,566 +76
Excluding aircraft and parts 70,987 | 71,085 | 70,732 0.1 40.5 +11 70,370 | 72,756 | 71,448 | 69,553 +12
Defense capital goods‘ ..... 15,901 16,151 16,332 “LS ll 40.4 16,131 16,397 16,327 17,305 68
Durables excluding capital goods 156,961 | 156,784 | 156,115 | +0.1 | +04 | +0.7 | 156476 | 157,796 | 156,827 | 152,063 429
Miscellaneous series :
Producers’ durable equipment 181,399 | 180,613 ] 179,428 40.4 40.7 +1.2 | 180,278 | 183,192 | 180,656 | 169,938 +61
Household durable goods ....... 16,061 15,962 15,871 +0.6 40.6 +0.8 16,325 16,416 16,037 15,673 44.2
Information technology industries . | 34'616 | 34°572 34,308 +0.1 +0.8 +0.7 | 34,130 | 35,524 | 34,676 | 34,300 0.5
Health care equipment
and products ............... 17,236 | 17,213 | 17,282 | +01) -04] +418] 17,453 | 17,565 | 17,377 | 16,543 +55

See footnotes at end of table 5.

See note at end of table 2 relating to survey error and revision,


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
June} May} Apr. | May-| Apr-} Mar-| June] May| Apr.| June | __June
19977} 1997] 1997] June| May} Apr.] 19977] 1997"] 1997] 1996] 97/96} 19977] 1996
SHIPMENTS
All manufacturing industries ..... 326,427] 323,567] 326,909] +0.9] -1.0]  +1.2] 349,016] 325,261] 325,134] 331,597|  +5.3} 1,947,007|1,843,239
Market categories :
Automotive equipment . . 14,137] 13,602] 14,146] +39] -3.8| 42.0) 15,082] 14,571] 15,198] 14,858] +1.5] 88,717] 86,168
Home goods and apparel 19,014] 18,784} 19,234) +12] 2.3) +3.) 20,039] 17,692] 18,030] 19.228] +42) 109,474] 104,352
Consumer staples .... . 68,809] 69,120] 68,469] -0.4] +1.0)  +0.6 70,510] 68,755| 66,262] 67,588] +43] 404,585] 386,026
Machinery and equipment . 59,133] 58,194] 58,645] +16] -0.8) +1.0) 66,927] 57,552] 57,244] 61,831] +8.2| 349,447] 322,877
Business supplies 25,236| 25,163) 25,073] +03] +04) +0.51 26,404] 25,248] 25,728] 25,451} +3.7| 150,322] 144,467
Construction materials
and supplies. 20,693] 20,597) 21,045} +05} 2.1] +3.0} 22,313] 21,126 21,154] 21,168] +54] 122,330) 113,777
Defense products . . 047] 6,646] 6,750] +60) -1.5] +14] 7,618] 6,424] 6,415] 7,057] +7.9] 39,734] 37,758
Other materials, supplies and
and intermediate products ..... . 112,358] 111,461] 113,547] +0.8] -1.8] +1.2) 120,123] 113,893] 115,103] 114,416] +5.0] 682,398] 647,814
Durable goods industries :
Nondefense capital goods * ...... 46,187] 45,601] 45,660] +13] -0.11 +1.6| 53,692] 43,627] 42,903] 48,962| +9.71 267,907] 245,679
Excluding aircraft and parts 39,469] 38,533] 38,422] +24] +03) +0.4) 45,885] 36,914] 35,733] 43,076] +65] 228,590] 215,948
Defense capital goods‘ ..... 6,701] 6,316] 6,419] +6.1]  -1.6 +24) 7,287 6,094] 6,020] 6,730) +8.3] 37,470] 35,519
Durables excluding capital goods . | 126,560} 123,983] 126,403) +2.1] -1.9] +1.1) 135,474] 127,118] 128,864 127,302]  +6.4] 762,630] 715,331
Miscellaneous series :
Producers’ durable equipment 114,437] 112,189] 113,987] 42.0] -1.6  +1.6] 126,902] 112,917) 113,763] 119,371} +63] 686,315] 644,092
Household durable goods . 942] 9,5: , +4.1{ -0.11 0.0) 10,545] 9,073] 9,109] 9,596] +9.9! 55,924] 51,939
Information technology indus 21,626] 21,369] 21,157] +12] 41.0 1.5) 25,821] 19,801] 18,286] 24,190] +6.7| 124,597] 115,777
Health care equipment
and products .......... 20... 11,128] 11,038} 10,977) +0.8] +0. +1.7) 11,694] 10,434] 10,343] 10,854] +7.7) 64,811! 60,068
NEW ORDERS
All manufacturing industries... .. 327,857] 324,042] 325,544] +1.2| -0.5] +1.4] 346,213] 323,870] 325,066] 331,043] —_+4.6] 1,958,187 11,867,825
Market categories :
‘Automotive equipment 14,156] 13,605] 14,144] +40) -3.8] +1.7] 15,068] 14,507] 15,191] 14,804] +1.8] 88,876] 86,103,
Home goods and apparel 19,193] 19,100] 19,139] +05} -0.2| +4.) 20,202] 18,156] 18,239} 19,011] +63] 110,953] 106,554
Consumer staples ...... 68,856] 69,140] 68,536] -0.4]  +0.9] 40.3] 70,668] 68,781] 66,365] 67,689] +4.4| 404,714] 386,136
Machinery fang equipment . 59,467] 57,217] 57,288] +39] -0.1) 0.4] 66,372| 56,772] 56,361] 61,362] +82] 353,326] 338,324
Business supplies... . . 25,222) 25,276) 25,183] -0.2) +04 0.0) 26,243] 25,575] 25,945) 25,402] +33] 150,745] 144,783
Construction materials
and supplies... . 20,040 20,613] 21,342 +1.6] -3.4| +4.5] 22,559] 21,094] 21,498] 21,093] +7.0] 123,394] 114,247
Defense products . . 6,621} 5,959} 6,683] +11.1] -10.8] +27.4) 6,647] 4,462] 5,965] 8,715] -23.7) 36,389 5,
Other materials, supplies and
and intermediate products ..... . 113,402] 113,132] 113,229] +0.2] -0.1]  +1.0) 118,454] 114,523] 115,502] 112,967] +4.9] 689,790] 647,670
Durable goods industries :
Nondefense capital goods ° 46,617] 44,211] 43,751] +54] +1. $3,257] 42,344] 41,104] 48,286] +103] 269,944] 260,354
Excluding aircraft and parts 38,979) | 38,325] 38,570] +1.7)  -0. 44530] 36,813] 35,991] 41,783] +6.6) 231,650] 217,388
Defense capital goods ‘ 6261} 5,523] 6,271) +13.4 $ 5] 6,289) 3,942] 5,554) 8,442] -25.5] 34,362] 41,957
Durables excluding capital goods . | 127/833] 126,709] 127,090 +0.9] -0.3| +2.1] 133,853] 129,056] 130,608] 1251401| +6.7| 773,115] 716,946
Miscellaneous series :
Producers’ durable equipment 114,645] 111,464] 112,980] +29] -1.3] +0.81 125,607] 112,454] 113,215] 118,132] +63] 692,158] 658,804
Household durable goods .......] 10,144] 9,846] 9, 43.0] +2.5 10,691] 9,491] 9,266] 9,340] +145] 57,158] 52,948
Information technology industries .| 22,038] 21,443] 20,976] +28 | +2.2 25,929] 20,372) 18,346] 23,322] +11.2) 127,376] 115,738
Health care equipment
and products... 2.2... 10,927] 11,067} 11,296} -1.3] 2.0, +5.8) 11,273] 10,551] 10,689] 10,727] +51] 64,982] 60,059
” Preliminary. ' Revised.

Topical series are regroupings of the separate industry categories.

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

> Nondefense capital goods industries include : ordnance and accessories; steam,
handling equipment, meialworking machinery; special industry machinery: genet

inery; electrical transmission and di
and pars; ships and tank components; railroad equipment; and search and navigation equipment,

* Defense capital goods industries include : ordnance and accessories; communications equipment; aircraft, missiles, space vehicles, and engines and parts; ships, t:

and tank components; and search and navigation equipment.

bution equipment; electrical i

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

and hydraulic turbines; internal combustion engines; construction, mining, and mate
industrial machinery; computer and office equipment; refrigeration, heating and ser
lustrial apparatus; communications equipment; aircraft, missiles, space vehicles, and eng


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

Inventory / Shipments ratio Unfilled Orders / Shipments ratio!
Industry June May Apr. Mar, June May Apr. Mar,
197° 1997" 1997 1997 197° 1997" 1997 1997
All manufacturing industries... . . 136 137 135 136 2.86 2.89 2.86 2.90
Durable goods industries ....... . 1.55 158 135 156 339 3.44 3.40 3.44
Stone, clay, and glass products. . | 117 116 14 116 098 0.95 0.95 0.95
Primary metals 161 1.63 1.60 2.01 2.03 197 1.97
Fabricated metal products "| . 152 152 149 1.46 1.47 143 145
Industrial machinery and equipment". 177 180 178 229 238 237 2.40
Electronic and other

electrical equipment... 134 138 139 133 1.86 1.88 1.82 1.78
Transportation equipment . : 158 161 135 158 1121 11.29 11.08 11.72
Instruments and related products - 192 195 191 191 3.65 372 3.65 3.65
Nondurable goods industries . 1.13 112 Lil 1.12 0.71 0.71 O71 0.71

Food and kindred products | 0188 087 0:87 0.87 ) &) fe)
Tobacco products . . 194 195 2.04 1.99 ¢ to) &) &)
Textile mill products 1154 1:50 148 148 (NA) (NA) (NA) (NA)
Paper and allied products . 121 121 118 122 (NA) (NA) (NA) (NA)
Chemicals and allied products 129 128 127 130 &) fora) &) ®
Petroleum and coal products 0.85 084 083 083 a te) ) )
Rubber and plastics products | 133 133 126 130 &) ® x) &)

Preliminary. ‘ Revised. (X) Not applicable. (NA) Not available.
_ Excludes the following industries with no unfilled orders : Wood and lumber products; glass containers; metal cans, barrels and drums; farm and garden machinery;

motor vehicle assembly operations; other transportation equipment; foods and related products; tobacco; knitting mill products; apparel and related products; chemicais:
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

June June June June
June? | 1996- June? | 1996- June? | 1996- June? | 1996-

June! 1992- May June! 1992- May June’ 1992- May June’ 1992- May

1997 | __1996| 1997] 1997] 1996 | 1997] 1997] 1996 | 1997] 1997| 1996] 199°
(9) 0.1 ol ® 02 02) oO. 01 (9) 00 00
8 B) a) Bl al as) gs] a) Pl

g 1. 09 . . . .
a 03] oo] 03] os 3 03 oa] S| o2| of

. (X) 0.5 1.5 2 . . .

0.0 0.4 3 0.6 0.6 02 02 02 (x) 01 01

electrical equipment . . 0.0 02 05 0.2 17 10 0.1 08 05 (X) 01 01
Transportation equipment ot 09 0.6 0.3 04 03 1.0 0.0 01 0.2 (xX) 02 Ol
Instruments and related products . . . . roe) 09 04 (es) 16 1.0 &) Ol 03 & 01 03
Nondurable goods industries . . x) 0.2 01 (x) 0.2 0.1 (x) 04 02 (X) 02 0.1
Food and Kindred products . . & 0.0 0.3 (x) (Xx) (Xx) (X) (x) ) x) 02 02
Tobacco pi -- &) 01 04 & M1 OO! CO] MW] & x] oo] 00
Textile mill &) 07 03 x) iA) | (NA) x) | NA) | (NA) 03 02
Paper and allied pr (x) 06 03 | (NA) | (NA) | NA) | (NA) & 06 01
Chemicals and allied produ (x) 03 03 (x) (x) % (X) ® «&) C 0.1
Petroleum and coal products &) 02 02 &) % & &) & & 4 04
Rubber and plastics products. &) 04 04 (Xx) & (X) (x) &) &) & on

Capital goods industries

londefense 0.7 05 03 0.0 08 os} = -01 0.0 01 01 0.1
Defense .. 04 03 0.6 35 2.0 42 02 01 02 & 03 02

(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 error and revision.


CURRENT INDUSTRIAL REPORTS

¥en
a

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

Manufacturers’ Shipments,
Inventories, and Orders

June 1997
M3-1-(97)-06.
For Wire Transmissions 10:00 a.m. E.D.T. August 1, 1997

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

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

Summary

New orders for manufactured goods in June increased $3.8 billion or 1.2
percent to $327.9 billion, the Department of Commerce, Bureau of the
Census reported today. ‘This follows a 0.5 percent May decrease and is the
second increase in the last three months. Excluding transportation, new
orders increased 0.3 percent, following a 0.4 percent May decrease. Year
to date, new orders are 5.0 percent above the same period a year ago; new
orders for the second quarter are 0.6 percent above the first quarter.

Shipments, up two of the last three months, increased $2.9 billion or 0.9
percent to $326.4 billion, following a 1.0 percent May decrease. Year to
date, shipments are 5.7 percent above the same period a year ago; shipments
for the second quarter are 1.2 percent above the first quarter.

Unfilled orders, up for the second consecutive month, increased $1.4
billion or 0.3 percent to $524.1 billion, following a 0.1 percent Ma
increas ¢. The unfilled orders-to-shipments ratio was 2.86, down from 2.8:
in May.

Inventories, up eleven of the last twelve months, increased $1.3 billion
or 0.3 percent to $444.8 billion, following a 0.4 percent May increase. The
inventories-to-shipments ratio was 1.36, down from 1.37 in May.

New Orders

New orders for, manufactured durable goods in June increased. $4.3
billion or 2.4 percent to $180.7 billion, revised from the previously published
2.3 percent increase. This is the second increase in the last three months and
follows a 0.4 percent May decline.

Transportation equipment, up two of the last three months, had the
largest increase, $3.1 bi or 7.9 percent to $42.5 billion, due to aircraft
and parts and motor vehicles and parts. This follows a 0.7 percent May
decrease. Instruments and related products increased $0.7 billion or 5.4
percent to $13.1 billion. This follows a 6.3 percent May decrease and is
second increase in the last three months. Fabricated metal products, tay
of the last three months, increased $0.3 billion or 1.7 percent to $19.0
billion. This follows a 3.2 percent May decrease. Stone, clay, and glass
products, up six of the last seven months, increased $0.2 billion or 2.7
percent to y ition, following a 2.1 Percent May decline. Industrial
machinery and equipment, down three of the last four months, decreased
$03 lion or 0.9 percent to $32.5 billion. This follows a 3.3 percent May

orease.

New orders for nondurable goods, down four of the last five months,
decreased $0.5 billion or 0.3 percent to $147.1 billion, following a 0.6
percent May decrease. Textile mill products and food and kindred products

ad the largest declines. Paper and allied products had the largest increase.

Shipments

Shipments of durable goods in June, up five of the last six months,
increased $3.5 billion or 2.0 percent to'$179.4 billion, revised from the
previously published 1.8 percent increase. Transportation equipment, up five
of the last six months, had the largest increase, $1.0 billion or 2.5 percent to
$42.1 billion, due to motor vehicles and parts and railroad and other
iansportation equipment. This follows @ 3.0 percent decrease.
Electronic and other clectrical equipment, up four of the last five months,
increased $0.9 billion or 3.3 percent to $29.7 billion. This follows a 0.8
percent May increase, Industrial machinery and equipment, up four of the

last five months, increased $0.7 billion or 2.0 percent to $33.7 billion,
following 2 0.8 percent May decrease. Instruments and related products,

two of the last three months, increased $0.3 billion or 2.3 percent to $12.

billion, This follows a 2.3 percent May decline. Fabricated metal products,
also up two of the last three months, increased $0.3 billion or 1.4 percent to
$188 billion, following a 2,3 percent Ma . Primary metals, up two
of the last three months, increased $0.2 billion or 1.6 percent to $15.4
billion, following a 1.7 percent May decrease.

o

Shipments of nondurable goods, down four of the last five months,
decreased $0.7 billion or 0.5 percent to $147.0 billion. This follows a 0.5
percent May decrease. Food and kindred products and petroleum and coal
products had the largest declines.

Unfilled Orders

Unfilled orders for durable goods in June increased $1.3 billion or 0.3
percent to $498.5 billion, unrevised from the previously published 0.3
percent increase. This follows a 0.1 percent May increase.

Electronic and other electrical equipment had the largest increase, $1.2
billion or 2.3 percent to $55.2 billion, following a 4.1 percent May increase.
Transportation equipment increased $0.5 billion or 0.2 percent to $251.8
billion; a large increase in aircraft and parts more than offset a decline in
railroad and other transportation equipment. This follows a 0.6 percent May
decrease. Stone, clay, and glass products increased $0.2 billion or 2.9
percent to $7.0 billion. This follows a 0.7 percent May decline and is the
third increase in the last four months. Fabricated metal products, up for the
eighteenth consecutive month, increased $0.2 billion or 0.8 percent to $25.8
billion, This follows a 0.5 percent May increase. Instruments and related
producs, up seven of the Ist eight months, inceased $0, billion. or 04
percent fo $4722 billion, ‘This follows a 0.4 percent May decline. Primary
metals, up for the sixth consecutive month, increased $0.2 billion or 0.5
percent to $31.0 billion, following a 1.1 percent May increase, Industrial
machinery and equipment, down for the second consecutive month,
decreased $1.2 billion or 1.7 percent to $72.7 billion, following a 0.4 percent
May decrease.

Inventories

Inventories of durable goods in June, up eleven of the last twelve
months, increased $0.7 billion or 0.2 percent to $278.8 billion. This follows
a 0.4 percent May increase. Fabricated metal products had the largest
increase, $0.3 billion or 0.9 percent to $28.6 billion. This follows a 0.2
percent May increase and is the eleventh increase in the last twelve months.
‘Transportation equipment, up for the cighteenth consecutive month,
increased $0.2 billion or 0.4 percent to $66.3 billion. This follows a 0.6
perce May increase. Instruments and related products, up two of the last
three months, increased $0.1 billion or 0.5 percent to $24.8 billion.
Industrial machinery and equipment, down for the first month since March,
decreased $0.1 billion or 0.2 percent to $59.5 billion. This follows a 0.4
percent May increase.

Inventories of nondurable goods, up ten of the last eleven months,
increased $0.6 billion or 0.4 percent to $166.0 billion, following a 0.5
percent May increase. Chemical and allied products, food and kindred
products, and apparel and related products had the largest increases.

By stage of fabrication, June finished goods increased 0.3 percent in
durables and 0.9 percent in nondurables. Work in progress decreased
slightly in durables and 0.2 percent in nondurables. Materials and supplies
increased 0.5 percent in durables and increased slightly in nondurables.

Our internet site address is: http://www.census.gov/ftp/pub/indicator/www/m3/index.htm

‘The advance report on durable goods for July is scheduled for August 26, 1997 at 8:30 a.m. and the full report on September 4, 1997 at 10:00 a.m. For sale by the Superintendent of
Documents, U.S. Government Printing Office, Washington, DC 20402. This report is available on the day of issue through the Department of Commerce's online Economic Bulletin Board

(N21) 9109 A89.ABTOV


Nondefense Capital Goods 11

New Orders and Shipments

Three Month Moving Averages
Billions of Dollars

52

New Orders |—] 52

Shipments

Li nl i n L L L L L L L L nl

Jun Aug Oct Dec Feb Apr Jun Aug Oct Dec Feb Apr = Jun
Jun. 1995 - Jun. 1997

Defense Capital Goods
New Orders and Shipments

Three Month Moving Averages
Billions of Dollars
10 y

9 New Orders

Jun Aug Oct Dec Feb Apr Jun Aug Oct Dec Feb Apr Jun
Jun. 1995 - Jun. 1997
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
June May Apr. | May- | Apr- | Mar June May Apr. June | June
1997" | 1997" 1997 | June | May | Apr. | 19977 | 1997" 1997 1996 | 97/96
MATERIALS AND SUPPLIES
All manufacturing industries 147,001 | 146,533 | 146,133 +03 145,968 | 146,110 | 145,690 | 143,996 +14
Durable goods industries 85,812 85,373 85,066 +04 84,834 84,860 84,274 83,311 +18
Stone, clay, and glass proc 2,896 2,885 2,917 Ld 2,898 2,888 2,889 2,814 43.0
Primary metals... 7,950 7,923 7,946 03 7,808 7,732 7,014 7,406 45.4
Fabricated metal produ 10,402 10,302 10,430 12 10,421 10,241 10,395 10,020 +4.0
Industrial machinery and equipmer 8,264 991 17,805 +10 18,070 18,093 17,609 18,521 24
Electronic and other
electrical equipment . 13,664 13,704 13,651 40.4 13,575 13,719 13,693 13,793 -16
Transportation equipment - 14,340 14,266 14,181 +0.6 14,153 14,264 14,242 13,474 +5.0
Instruments and related products | 8,178 8,142 8,091 40.6 8,197 8,188 8,106 7,793 45.2
Lumber, furniture and
miscellaneous durable goods ..... 10,118 10,161 10,045 +12 9,712 9,735 9,626 9,490 +23
Nondurable goods industries ....... 61,189 61,160 61,067 0.0 +0.2 61,134 61,250 61,416 60,685 +0.7
‘ood and kindred products ...... . 11,306 11,256 11,256 +04 0.0 11,081 11,025 11,274 11,141 0.5
Tobaceo lucts .. 5,261 5,227 5,230 +0.7 0.1 4,997 5,127 5,305 4,667 +71
Textile mill products 3,139 3,137 3,208 +0.1 22 3,151 3,222 3,275 2,950 +6.8
Paper and allied products . 696 7811 7,870 15 07 7,597 7,846 7,895 8,009 5.1
Chemicals and allied products 14,104 14,072 14,148 +0.2 0.5 14,270 14,196 14,180 13,858 +3.0
Petroleum and coal products 3,750 3,807 610 “1S +55 3,886 3,929 3,70: 3,608 477
Rubber and plastics roducts 6,217 6,251 6,217 0.5 40.5 6,200 6,260 6,257 6,062 +23
Apparel, pi printing and publishing
beeen 9,716 9,599 9,528 +12 40.7 9,952 9,645 9,525 10,390 42
WORK IN PROCESS
All manufacturing industries ..... 140,666 | 140,724 | 139,918 +0.6 +0.8 | 139,741 | 141,781 | 140,007 | 133,614 +46
Durable goods industries ...... 112,926 | 1 12, 939 | 112,555 403 +0.7 | 112,369 | 114,142 | 112,832 | 107,670 +44
Stone, clay, and glass products. 1,188 1,279 1,251 422 “17 1,222 1,348 1,314 1,283 48
Primary metals 8,860 8/808 8,778 +03 04 8,871 8,851 8,829 8,820 +0.6
Fabricated metal products . 8,007 7,984 7,898 thd +12 8,014 8,057 7,927 7,157 +33
Industrial machinery and equipment 22,620 22,769 ns 0.6 +19 22,492 23,172 23,042 22,314 +08
Electronic and other
electrical equipment . 14,802 14,738 14,649 +0.6 03 14,809 14,916 14,708 15,043 -16
‘Transportation ‘equipment . 42,266 42,312 42,087 +05 +0.9 Al, (673, 42,643 41,891 37,501 +d
Instruments and related products : 10,051 10,003 10,007 0.0 +03 10, 136 10,068 10,115 9,820 +32
Lumber, furniture and
miscellaneous durable goods ..... 5,132 5,046 4,979 +13 1.0 5,152 5,087 5,006 5,132 +0.4
Nondurable goods industries . 27,740 27,785 27,363 +15 27,372 27,639 27,175 25,944 45.5
Food and kindred products . 005, 073, 4,950 42.5 4,620 4,638 4,675 4,515 +23
Tobacco products . . 225 226 217 +41 154 164 1 155 0.6
Textile mill lucts 2,562 2,568 2,542 +1.0 2,546 2,602 2,572 2,589 “17
Paper and d produc 1.704 1,694 1,676 41 1.742 1726 1,696 17710 +19
Chemicals ied products 7,480 7,423 7,331 +13 7,530 7,548 7311 6,815 +105
Petroleum and coal products . 2,686 2,720 2,775 2.0 2,705 2,799 2,812 2,557 +58
Rubber and plastics products 2,271 244 2,174 43.2 2,219 2,254 2,155 1,988 +116
Apparel, printing and pul
and leather goods . 5,807 5,837 5,698 424 5,856 5,908 5,790 5,615 +43
FINISHED GOODS
All manufacturing industries 157,131 | 156,203 | 155,457 40.6 +0.5 +12 | 157,311 | 159,729 | 158,058 | 150,116 +48
Durable goods industries . . 80,037 79,772 79,371 +05 HO 80,362 82,373 81,329 75,953 45.8
pam e clay, and glass produc 4,684 58: 4,515 +16 0.5 4,754 4,757 4,707 4,439 +71
metals ........ 7,965 96: 7,935 +0.4 16 7,982 8114 8,139 7,902 +10
Pare asta products > 1 10144 | 10,003 | _9:900 +10 | +09 | 10498 | 10365 | 10,303 | 91473 | +108
Industrial machinery and equipment 18,659 18,876 18,676 +11 $3.4 18,255 19,456 19,143 17,496 +43
Electronic and other
electrical equipment . 11,195 11,248 11,240 0.5 +01 43.8 11,290 11,778 11,488 10,525 473
‘Transportation ‘equipment . 738 9,529 9,467 42.2 +0.7 43.5 9,689 9,765 9,621 9,039 +72
instruments and related products - 6,585 6,545 6,596 40.6 0.8 +15 6,607 6,634 6,595 6,441 +2.6
r, furniture anc
miscellaneous durable goods .. 11,067 11,023 11,042 +04 02 +d 11,287 11,504 11,334 10,638 +6.1
Nondurable goods industries . 77,094 76,431 76,086 +0.9 +0.5 +05 76,949 77,356 76,729 74,163 43.8
Food and kindred products . 18,903 18,731 18,723 +0.9 0.0 +13 17,920 18,103 18,284 17,319 43.5
Tobacco products . . 709 785 794 97 oh +18 567 666 701 580 72.2
Textile mil lucts 4,508 4,450 4,405 +13 +10 +10 4,585 4,664 4,595, 4,494 +2.0
Paper and all 446, 6,443 6,415 0.0 +0.4 08 6,453 6,621 6,589 6,775 48
Chemicals and 20,709 20,550 20,534 +08 +01 +0.4 20,538 20,833 20,949 19,705 +42
Petroleum and coal products 6,278 6,013 43.0 +13 12 449 6,297 5,995 5,964 +81
Rubber and plastics Groducts 7817 36 7,646 +10 +12 +08 7,889 7,901 7916 7,194 +9.7
Apparel, printing and publishing
and leather goods ............. 11,724 11,642 11,556 +0.7 +07 40.8 12,548 12,264 11,700 12,132 +34

° Preliminary. ‘ Revised.

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


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

ns of dollars)

Seasonally adjusted

Not seasonally adjusted

Industry Monthly Percent Change Monthly Percent
change
June May Apr.] May-} Apr] Mar.- June May Apr. June June
1997° 1997 1997} June} May} = Apr.| 1997" 1997" 1997 1996] 97/96
All manufacturing industries ... . . 524,119] 522,689] 522,214 +03 +0.1 -0.3| 523,399] 526,202] $27,593] 501,620 +43
Manufacturing industries
without defense capital goods ..... 416,142} 414,272] 413,004 40.5 +03 0.3} 414,829] 416,634] 415,873} 390,880 +6.1
Durable goods industries 498,477| 497,214] 496,671 +03] +0.1 -0.3| 496,988] 500,042} 501,539} 476,741 44.2
Stone, clay, and glass products 6988} 6,794] 6843] +291 -0.7) +08] 6,900] 6879) 6,960] 6,769} +19
Primary metals... . 30,950} 30,795) 30,445) +05) +11] +16] 31,062] 31,553] 31,664) 29,089) +6.8
Blast furnaces, steel mills 12,579} 12,421] 12,267] +13] +13] +23] 12,692] 12,831) 12,828] 12,426) 42.1
Iron and steel foundries... . 4770| 4.760) 4677. 0.2) +18] +11] 4,837] 4,837] 4,841 4222) +146
Nonferrous and other primary
metals ......-.... 13,601] 13,614] 13,501 01} +08] +12] 13,533] 13,885] 13,995] 12,441] 48.8
Fabricated metal products . 25,768 | 25,574] 25,449 . 40.5 +13] 25,921] 25,599] 25,534] 23,286] +113
Industrial machinery and equipment : 72,721] 73,965] 74,265 04 +0.7| 71,887] 74,077] 74,224] 71,240 +09
Engines and turbines 11,692] 12,143} 12,535 3.1 1.2] 11,205} 11,623} 12,004) 11,235 03
Construction, mining
material handling equipment 9147] 9,051] 9,106] +1. 06] +10] 9,193] 9,255] 9,464] 8,953] #27
Metalworking machinery 8,105 8,564 8,767 23 42.4 8,105 8,564 8,767 8,587 5.6
Computer and office equipment . 8883} 9,425] 9,602] 58] 18] 0-14] 8,839] 9,664] 9,356] = 9,483) 6.8
Electronic and other
electrical equipment ..........+ 55,186] 53,943 | 51,808 +23 +41 -l1{ 53,901] 54,197] 52,467] 48,205] +118
Electrical transmission and
distribution equipment and
se apparatus, eee eee 6,709 6,768 6,779 09 02 +0.6 6,600 6,810 6,853 6,041 493
ing an
4476] 4,478] 4,505 00] -06) +28] 4476] 4,478] 4,505) 4,099) +9.2
15,148] 14.250] 13,873] +63} 42.7 0.0] 15,185] 14.241] 13,888] 13,876] 49.4
Hleoni componens 22970 | 22'462| 20,630] +18] +89| 4.0] 21,658] 22,669] 21,226] 19,047] +13.7
Transportation equipment 251,804] 251,349| 252,982] +02] -06]  -1.0] 252,193] 252,320] 255,468] 244,341] — +3.2
Aircraft, missiles,
space vehicles, and parts. 220,019| 219,314] 220976] +03| -08)  -09] 220,575] 220,441) 223,209] 212,068] +4.0
Shipbuilding and tanks . . 18,431] 18,471] 18,513 0.2 0.2 12] 18,579] 18,479] 18,556] 19,496 4.7
Instruments and related products .... | 47,239] 47,066] 47,2771 +04] = 0.4} 40.7) 47,086] 47,095] 47,489) 46,031) 42.3
Search and navigation equipment 27,703| 27,489] 28,022} 9 +0.8 9 0.0] 27,703] 27,522] 28,284] 28,190 -1.7
Measuring and controlling devices . 9,997] 10,071 9,943 0.7 +13 -02 x 10,071 9,943 9,571 +45
Medical instruments and supplies . 7347] 8,050} 8,022] 25] +03] +4. 7,588] 8,011} 7,895] 7,307] 43.8
All other durable goods .......... 7,821 7,728 7,602} +12] +17 +19 8,038 8,322 1,733 7,780) +33
Nondurable goods industries ...... . 25,642] 25,475] 25,543 +0.7 03 0.0] 26,411] 26,160] 26,054] 24,879 +62

» Preliminary. * Revised.

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


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

June} May} Apr. | May-| Apr-| Mar-| June} May| Apr.] June} June
1997" | 1997" | 1997} June | May} Apr.| 19977] 19971 1997| 1996] 9796] 19977 | 1996

All manufacturing industries... . . 327,857) 324,042] 325,544) +12) -0.5] +1.4] 346,213] 323,870] 325,066] 331,043] 44.6 1,958,187 11,867,825
Manufacturing industries
with unfilled orders ........ + -| 184,627) 181,087] 180,982) +20) +0.1) +1.2} 196,399] 177,233] 178,472] 186,147| _+5.5] 1,092,147] 1,041,925

without defense capital goods

321,596] 318,519} 319,273] +1.0] -0.2) +1.0 339,924] 319,928} 319,512] 322,601 +5.4} 1,923,825 [1,825,868

Durable goods industries . .
With unfilled orders
Stone, clay, and glass pro:
Primary metals
Blast furnaces, stee! mills
Iron and steel foundries
Nonferrous and other primary
metals : 7,658) 7,776 7,870] -1.5
Fabricated metal products ...... 19,016} 18,692) 19319] 41.7
Industrial machinery and equipment . | 32,471] 32753] 33,861] -0.9|
Engines and turbines .......... 1,431 1,497 1,746] 4.4]
Construction, mining and
material handling equipment .
Metalworking machinery

180,711] 176,443] 177,112] +2.4 ol +1.8) 193,399) 175,342} 177,266] 182,129} +6.2} 1,077,421 {1,019,257
148,426] 145,130] 144,807| +23] +02) +17] 159,069} 141,875] 142,561] 148,804] +69) 877,738] 828,976
7,112) 7,507) 7,671) +2.7] 24) +11 8,254] 7,726} 7,892] 7,360) +12.1 44,676] 40,193
15,557] 15,516} 5, 40.3] -2.4) 42.4) 15,751) 15,544] 16,2821 15,049] 44.7) 96,356] 90,119
6,447] 6,235 6,512) +3.4] ~4.3{ +6.7] 6,433] 6,244) 6,708] 6,071 +6.0] 39,394] 37,661
1,452] 1,505, 1,522) -3.5] -1.1) +0.7] 1,569 1,521 1,597) 1,704 “79 9,499 9,101

7,749) -7,7791 = 7,977) 7,274 46.5 47,463) 43,357
20,382] 18,988] 19,603} 19,352 +53) 114,673] 108,175
36,585] 32,280] 32,781] 35,521 43.0] 200,326] 190,679

1,791) 1,416] 1,362} 2,141 -163 9,581 10,081

3,976] 3,594 4,041! 3,605] +103] 23,620] 21,645

coos 3,092] 3,236] 3,547] -4.4 3,525] 3,187] 3,359 3,272] +7.71 19,608] 18,040
Computer and office equipment 8,316) 8,632) 8,538] -3.7 10,637) 7,949] 6,805) 10,817) 1.7] 50,549] 48,783
Electronic and other

electrical equipment ........... 30,900] 30,851] 27,884] +0.2| +10.6 -3.2)_ 32,161] 29,509] 27,053 27,587/ +166] 175,149] 154,590
Electrical transmission and
distribution equipment and
industrial apparatus .........., 3.199] 3,229] 3,366] -0.9) 4.1) 42.3) 3,454) 3,136] 3,332] 3,486] + -0.9119,901| 18,744
lighting and

wiring equipment .
Communications equipmer
Electronic components .

3,838] 3,659] 3,954] +4.9]

2,078] 2,089] 2,266} -0.5 +78] +15.1) 2,157] 2,089] 2,187} 2,101 42.7 12,600] 12,058
7,407) 6,721 6,018} +10.2) +11.7, -8.1) 8.4701 6230] 5336 6,304) +344 38,100} 31,541
12,544) 13,433] 10,621] -6.6] +26. -6.3] 12,084] 12,858] 10,955] 10,115] +19.5] 71,863 61,031

Transportation equipment . 42,519] 39,423] 39,717] +79] -0.7] 42.81 45,463] 39,590] 41.546] 45488} -0.1| 254'077| 250645,
Aircraft, missiles,
space vehicles, and parts. .....} 11,168] 8,851] 8,724) +26.2 11,999] 7,255] 8,345] 10,813) +11.0] 57,474] 68,051

Shipbuilding and tanks . .
Instruments and related products

893 959) 692) -6.9)
13,103} 12,429) 13,267] +5.4

1,139 948) 723} 2,481{ -54.1 4,469 6,566
14,207) 12,111] 12,438) 12,810] +10.9] 77,882] 71,527

Search and navigation equipment : 2,901 046] 2,630] +418 3,114) 1,753] 2,259] 2,234) +39.4] 15,662] 13,886
Measuring and controlling devices .] 3738] 3'887] 3:19] -3.8 4,001] 3,883/  3,667| 3,810] +5.0] 22,914] 21.574
Medical instruments and supplies .] 3,908] 4.0421 4/347] -3.3| 4,120) 4,001] 4,140] 4,175) -13] 24,472] 22807

All other durable: goods . 20,596} 19,594] 19,671] 18,962] 48.6 114,282 104,329

152,814] 148,528] 147,800] 148,914] +2.6] 880,766] 848,568
37,330] 35,358} 35,911] 37,343} 0.0] 214,409] 212,949

19,433 19.272] 19,489] +08

Nondurable goods industries .

147,146] 147,599} 148,432] -0.3
With unfilled orders... ..

36,201 35,957] 36,175| +0.7|

* 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 do
increase from the prior month to the current month.

Mee nets aeees of manufacturers’ shipments, inventories and orders are subject to survey error and revision. One major component of survey error is nonsampling en
hich includes errors of coverage, response, and nonreporting. Since the survey panel is not a probability sample, estimates of sampling enor connor be can Bice
Seals on survey design, methodology, and data limitations are contained in our most recent annual benchmark publication’ Current Industrial Reporte, M3-1(¢
"Manufacturers’ Shipments, Inventories, and Orders: 1982-1995."


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
June | May| Apr. | May-| Apr.-| Mar-| June} May] Apr.} June | June
197°} 1997} 1997] June} May} Apr.} 1997° 1997'| 1997 | 1996] 9796] 1997" | 1996
All manufacturing industries... . . 326,427) 323,567] 326,909] +0.9] 1.0, +1.2} 349,016) 325,261] 325,134] 331,597] +5.3] 1,947,007 1,843,239
Manufacturing Industries
with unfilled orders 183,197] 180,612} 182,347] +1.4] —-1.0| +0.9] 199,202) 178,624} 178,540] 186,701} — +6.7 1,080,967 |1,017,339
without defense capi 319,726] 317,251] 320,490} +08) 1.0) +1.2| 341,729] 319,167] 319,114] 324,867] — +5.2] 1,909,537 }1,807,720
Durable goods industries. 179,448| 175,900] 178,482] +2.0| -1.4)  +1.3] 196,453] 176,839] 177,787] 182,994] +7.4] 1,068,007} 996,529
With unfilled orders. . . 147,163] 144,587] 146,177] +18) 1.1] +1.1) 162,123] 143,372] 143,082] 149,669] +83) 868,324] 806,248
Stone, clay, and glass products . 7518] 7,561 7,614 -0.5| -0.8| +1.5| 8,233] 7,807] 7,800) 7,640] +7.8| 44,353] 40,233
Primary metals ....... 15,402] 15,166] 15,425] +16] -1.7] +1.4} 16,242} 15,655] 16,000] 14,891] +9.1] 93,732] 88,222
Blast furnaces, stee! mills 6289] 6,081] 6,238] +34) -2.5] +03] 6,572} 6,241] 6,462] 6,269] +4.8] 38,237) 36,743
Iron and steel foundries 1442] 1,422] 1,472] +14) -3.4) +48, 1,569] 1,525] 1,574] 1,512] 43.8] 8,954) 8,414
Nonferrous and other |
metals . 7,671) 7,663] 7,715} +0.1] 0.7} +1.7] 8,101] 7,889] 7,964] 7,110] +13.9) 46,541] 43,065
Fabricated metal .. | 18,8221 18,567] 19,003] +14) -2.3] +2.6 20,060] 18,923] 19,268] 19,163) +4.7| 112,982] 107,078
Industrial machinery and equipmen 33,715] 33,053] 33,323] +2.0] -0.8] +1.9] 38,775] 32,427] 32,264] 36,489) . , 190,152
Engines and turbines .-] 1/882) 1,889} 1,903] 0.4] -0.7] +49) 2,2 1,797| 1,785] 2,239) 3 11,140
Farm and garden machinery... 2,009] 1,978] 2,031] +1.6| -2.6 +42) 2,033] 2,344] 2,691] 1,868] +88] 13,641] 12,737
Construction, mining and
‘material handling equipment 3,742] 3,714] 3,865] +0.8) -3.9} 43.7] 4,038) 3,803) 3,994] 3,730] +83] 23,056] 21,060
Metalworking machinery +. [3,551] 3,439) 3,340] 43.3) 43.0) +15] 3,984] 3,390] 3,152] 3,340] +193] 19,713] 17,619
Computer and office equipment ...} 8,858] 8,809] 8,670] +0.6]  +1.6| -2.0) 11,462] 7,641] 6,678] 10,886] +53] 51,491] 48,746
Electronic and other
electrical equipment 29,657] 28,716 28,485] +33] +08) -3.4) 32,457] 27,779] 26,632] 29,242] +11.0] 169,110] 155,858
Electrical transmission an
distribution equipment and
industrial apparatus . . 3,258] 3,240] 3,327] +0.6| -2.6 +52} 3,664] 3,179] 3,309] 3,571] +2.6} 19,603] 18,788
Household appliances . 2,078] 1,944] 1,989] +69] -2.3]  -1.6, 2,404] 1,968] 1,994] 2,251) 6.8) 12,119] 11,778
Electric lighting and
wiring equipment ............ 2,080} 2,116) 2,144] 1.7] 1.3] 44.3) 2,159] 2,116) 2,065] 2,096] +3.0) 12,538) 11,841
Household audio and
video equipment ......... 1,406} 1,353] 1,303] +39) +3.8) 0.5] 1,281] 1,132] 1,044] 1,119] +145] 6,902) 6,326
Communications equipment 6,509] 6,344] 6,023) +2.6] 5] 7,526] 5,877] 5,329] 6,688 +125] 35,315] 31,167
Electronic components 12,136] 11,601] 11,475] +4.6] 13,095] 11,415] 10,814] 11,203] +169] 69,966] 63,316
Transportation equipment 42,064] 41,056] 42,346] +2.5 45,590] 42,738) 44,282] 42,733] +6.7| 257,619] 239,839
Motor vehicles and parts 28,667| 27,813 28,971] | +3.1 30,592] 29,912] 31,126] 30,094] +1.7| 181,469] 174,239
Aircraft, missiles,
space vehicles, and parts. 10,463] 10,513} 10,751] -0.5 11,865] 10,023] 10,436] 9,492] +25.0] 59,808] 48,548
Shipbuilding and tanks ........ 933] 1,001] 915} -6.8 1,039] 1,025] 891) 114] 6.7] 5,343] 5,505
Instruments and related products ....| 12,930] 12,640] 12,942) +2.31 14.216] 12,505] 12,407] 13,367] +64] 76,608] 72,052
Search and navigation equipment 2687] 2.5791 2,644] +4.2| 2933] 2515] 2,539] 2,594] +13.1] 15,576] 14,473
Measuring and controlling devices .| 3,812| 3,759] 3,843] +14] 4,075| 3,755 3,691] 3,916] +4.1] 22,664] 21,727
Medical instruments and supy -} 41} 4,014] 4,030) 42.4} 4,543] 3,885] 3,797] 4.302] +56] 24,310] 22,818
Photographic goods . . 1,876] 1,863) 1,989) +0.7 2169] 1,912} 1,926] 2,163] +0.3} 11,419] 10,908
All other durable goods . 19,340] 19,146] 19,344] +1.0} 20,880] 19,005] 19,134] 19,469] +7.) 113,000] 103,095
Nondurable goods industries 146,979} 147,667| 148,427] — -0.5| 152,563} 148,422] 147,347] 148,603] +2.7| 879,000] 846,710
With unfilled orders ..... 36,034] 36,025} 36,170] 0.0 37,079] 35,252] 35,458) 37,032) +01] 212,643] 211,091
Food and kindred products . 39,977] 40,251] 40,150] -0.7 40,715] 40,437| 38,970] 39,506] +3.1] 236,252] 229,337
Meat products . 8,877] 8.911] 8,878] -0.4] 9,037] 9,115| 8,606] 8,935] +1.1] 52,385] 51,316
Dairy products . 50541 5,112] 4,895] 1.1 5,185] 5,181] 4,745] 5,038] +29] 29,921] 28,582
Beverages .... 5,773] 5,828] 5,836 -0.9 6.587] 6,319] 5,865] 6,454] +2.1] 34,626] 33,793
All other x foods, except fats and oils | 18,356] 18,427] 18,398] -0.4 17,989] 17,849) 17,611] 17,217] +45] 107,175] 104,344
Tobacco products 3,187] 3,1 3,065] -0.2 3219] 3,346] 2,913] 2,870] +122) 18,658] 16,651
Textile mill product 6,644] 6,71] 6,866] -1.9 7,405] 6,856] 6,574] 7,580] 2.3] 40,530) 38,785
Broadwoven fabrics
other textiles ...... 4,061] 4,136) 4,216] 1.8 4,427] 4,267| 4,091] 4,599] 3.7] 25,235] 24,445
Paper and allied products 13,150} 13,208} 13,533) -0.4] 13,732] 13,191] 13,310] 14,027] -2.1] 79,587] 81,967
Pulp, paper, and
paperboard mill products ...... $,100] 5,171] 5,399] -1.4] 5,340] 5,171] 5,313] 5,702) 6.3) 31,447) 33,422
containers and boxes ..] 3,212 3,212) 3,233] (0.0 3;302| 3,261] 3,268] 3,311) 0.3] 19,572) 20,117
Miscellaneous converted
paper products ........... 4838] 4,825} 4,901] +0.3 5,090] 4,759} 4,729] 5,014) +1.5] 28,568] 28,428
Chemicals and allied products 32802| 32,945] 32,975] -0.4 34,521] 33,507] 34,258] 32,468] +63) 199,048] 186,072
Industrial chemicals 15,813] 15,888] 16,070) -0.5 16,698] 16,191] 16,612] 15,984) +45] 97,401] 91,955
Drugs, soaps, and toi 12,919] 12,932} 12,777) -0.1 13,152| 12,028] 12,011] 12,035] +9.3] 74,431] 68,425
Petroleum and coal products . 14,919] 15,104] 14,941) -1.2 15,668] 15,812] 14,977] 15,382] +1.9] 90,501] 84,757
Rubber and plastics products 12,229} 12,171] 12,688] +0.5| 13,123] 12,687] 13,122) 12,958] +1.3| 75,531] 73,258
All other nondurable goods ....... 24,071] 24,023] 24,209] +0.2 24,180] 22'586| 23,223) 23,812] +1.5| 138,893] 135,882

¥ Preliminary.’ Revised.

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

an ante ae ned aE eat ntact bo a

+ amas and eanrtntne