Manufacturers' Shipments,

 Inventories, and Orders: January 2004 Issued March 2004

 M3-1(04)-01

 For Wire Transmission 10:00 a.m. E.S.T., March 4, 2004 Current 

 Industrial

 Reports

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

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

The advance report on durable goods for February is scheduled for March 24, 2004 at 8:30 a.m. and the full report on March 31, 2004 at 10:00 a.m. 

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

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

Total Manufacturing Shipments

and Three Month Moving Average

300

320

340

360

380

Jan-02

Mar-02

May-02

Jul-02

Sep-02

Nov-02

Jan-03

Mar-03

May-03

Jul-03

Sep-03

Nov-03

Jan-04

300

320

340

360

380

 Shipments Average

Billions Of Dollars

Total Manufacturing Inventories

and Three Month Moving Average

420

440

460

480

500

Jan-02

Mar-02

May-02

Jul-02

Sep-02

Nov-02

Jan-03

Mar-03

May-03

Jul-03

Sep-03

Nov-03

Jan-04

420

440

460

480

500

 Inventories Average

Billions Of Dollars
 2

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

for semiconductor manufacturing.

Summary

New orders for manufactured goods in January

decreased $1.7 billion or 0.5 percent to $343.2 billion, the

Department of Commerce, Census Bureau reported today. 

This followed a 1.8 percent December increase.

Shipments, up five consecutive months, increased $1.6

billion or 0.5 percent to $350.1 billion. This followed a

2.1 percent December increase.

Unfilled orders, down following five consecutive

increases, decreased $0.5 billion or 0.1 percent to $505.8

billion. This followed a 0.5 percent December increase. 

The unfilled orders-to-shipments ratio was 3.95, down

from 4.00 in December.

Inventories, up three of the last four months, increased

$0.8 billion or 0.2 percent to $439.4 billion. This

followed a 0.1 percent December increase. The

inventories-to-shipments ratio was 1.26, unchanged from

December.

New Orders

New orders for manufactured durable goods in January

decreased $4.2 billion or 2.3 percent to $180.2 billion,

revised from the previously published $3.2 billion

decrease.

Transportation equipment had the largest decrease,

$5.7 billion or 10.3 percent to $49.5 billion. This was the

largest percent decline in transportation equipment since

September 2002.

New orders for manufactured nondurable goods

increased $2.5 billion or 1.6 percent to $163.0 billion.

Shipments

Shipments of manufactured durable goods in January,

down following four consecutive increases, decreased

$0.9 billion or 0.5 percent to $187.1 billion, revised from

the previously published $0.1 billion decrease.

Transportation equipment had the largest decrease,

$1.5 billion or 2.9 percent to $51.5 billion, due to motor

vehicle and parts, which decreased by $1.6 billion.

Shipments of manufactured nondurable goods, up

five consecutive months, increased $2.5 billion or 1.6

percent to $163.0 billion. Petroleum and coal products

had the largest increase, $1.2 billion or 5.1 percent to

$25.0 billion. This is the highest level in petroleum and

coal products since the series began in 1992.

Unfilled Orders

Unfilled orders of manufactured durable goods in

January, down following five consecutive increases,

decreased $0.5 billion or 0.1 percent to $505.8 billion,

revised from the previously published $0.7 billion

decrease.

Transportation equipment, down following three

consecutive increases, had the largest decrease, $2.0

billion or 0.8 percent to $249.9 billion.

Inventories

Inventories of manufactured durable goods in

January, up three of the last four months, increased $0.2

billion or 0.1 percent to $263.2 billion, unrevised from

the previously published level.

Machinery had the largest increase, $0.3 billion or

0.7 percent to $41.9 billion.

Inventories of manufactured nondurable goods, 

increased $0.6 billion or 0.3 percent to $176.2 billion. 

Petroleum and coal products had the largest increase,

$0.8 billion or 5.6 percent to $16.0 billion.

By stage of fabrication, January materials and

supplies increased 0.1 percent in durable goods and 0.6

percent in nondurable goods. Work in process

increased 0.6 percent in durable goods and 1.6 percent

in nondurable goods. Finished goods decreased 0.6

percent in durable goods and 0.3 percent in nondurable

goods.

SEE BACK PAGE FOR SURVEY DESCRIPTION

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

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

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

The advance report on durable goods for February is scheduled for March 24, 2004 at 8:30 A.M. EST and the full report on March 31, 2004 at

10:00 A.M. EST. For sale by the Superintendent of Documents, U.S. Government Printing Office, Washington, DC 20402. 
 3 

Table 1. Value of Manufacturers' Shipments for Industry Groups

[Millions of Dollars]

Seasonally Adjusted Not Seasonally Adjusted 1

Monthly Percent Change Monthly

Industry Percent

Jan. Dec. Nov. Dec. - Nov. - Oct. - Jan. Dec. Nov. Jan. 2004/

2004p 2003r 2003 Jan. Dec. Nov. 2004p 2003r 2003 2003 2004p 2003 2003

 All manufacturing industries .................. 350,087 348,485 341,454 0.5 2.1 0.5 319,666 345,976 333,414 301,776 319,666 301,776 5.9

 Excluding transportation ................... 298,556 295,442 288,209 1.1 2.5 0.3 273,171 295,181 281,395 254,403 273,171 254,403 7.4

 Excluding defense .............................. 340,725 339,165 332,655 0.5 2.0 0.6 311,895 335,226 324,312 294,731 311,895 294,731 5.8

 With unfilled orders ........................... 127,986 126,597 124,212 1.1 1.9 0.5 113,793 129,448 121,357 107,234 113,793 107,234 6.1

 Durable goods industries ........................ 187,070 187,978 184,074 -0.5 2.1 0.2 167,059 189,282 179,050 159,049 167,059 159,049 5.0

 Wood products................................. ...... 8,249 8,319 8,578 -0.8 -3.0 0.7 7,069 7,558 8,135 6,243 7,069 6,243 13.2

 Nonmetallic mineral products................... 7,212 7,316 7,145 -1.4 2.4 -6.4 6,367 6,294 6,664 6,652 6,367 6,652 -4.3

 Primary metals............................ .......... 11,827 11,564 11,069 2.3 4.5 0.9 11,565 10,278 10,370 11,231 11,565 11,231 3.0

 Iron and steel mills............................ 5,295 5,202 4,928 1.8 5.6 1.8 5,140 4,660 4,534 5,155 5,140 5,155 -0.3

 Aluminum and nonferrous metals......... 5,205 5,019 4,838 3.7 3.7 0.0 5,176 4,439 4,630 4,823 5,176 4,823 7.3

 Ferrous metal foundries...................... 1,327 1,343 1,303 -1.2 3.1 1.2 1,249 1,179 1,206 1,253 1,249 1,253 -0.3

 Fabricated metal products...................... 21,169 21,049 20,423 0.6 3.1 -0.5 19,427 19,569 19,744 19,199 19,427 19,199 1.2

 Machinery............................................. 22,741 22,776 21,260 -0.2 7.1 -1.1 19,907 22,509 19,826 18,230 19,907 18,230 9.2

 Farm machinery................................. 1,514 1,533 1,393 -1.2 10.1 -0.4 1,360 1,270 1,037 1,234 1,360 1,234 10.2

 Construction machinery..................... 2,062 1,968 1,921 4.8 2.4 -1.3 1,775 1,832 1,665 1,414 1,775 1,414 25.5

 Mining, oil field, and 

 gas field machinery......................... 801 776 727 3.2 6.7 2.5 760 881 696 610 760 610 24.6

 Industrial machinery.......................... 3,024 2,877 2,630 5.1 9.4 -8.1 2,738 3,303 2,295 2,546 2,738 2,546 7.5

 Photographic equipment...................... 979 926 896 5.7 3.3 -1.4 811 1,007 930 681 811 681 19.1

 Ventilation, heating, air-conditioning,

 and refrigeration equipment............ 2,572 3,151 2,550 -18.4 23.6 0.0 2,156 2,982 2,397 2,080 2,156 2,080 3.7

 Metalworking machinery..................... 2,083 2,007 1,417 3.8 41.6 -5.3 1,657 1,930 1,583 1,513 1,657 1,513 9.5

 Turbines, generators, and other

 power transmission equipment....... 2,999 2,715 2,795 10.5 -2.9 4.2 2,640 2,707 2,701 2,297 2,640 2,297 14.9

 Material handling equipment............... 1,411 1,447 1,410 -2.5 2.6 0.4 1,371 1,467 1,287 1,315 1,371 1,315 4.3

 Computers and electronic products ......... 38,251 37,463 36,348 2.1 3.1 -0.5 32,943 45,005 36,224 27,810 32,943 27,810 18.5

 Computers........................................ 5,932 5,100 5,394 16.3 -5.5 -5.9 5,667 5,880 4,897 4,354 5,667 4,354 30.2

 Computer storage devices................... 1,169 1,829 1,188 -36.1 54.0 -3.7 801 2,984 1,026 764 801 764 4.8

 Other peripheral equipment................ 1,532 1,553 1,590 -1.4 -2.3 7.1 1,108 2,226 1,558 1,144 1,108 1,144 -3.1

 Nondefense communications

 equipment.................................... 6,453 6,302 6,218 2.4 1.4 -1.3 5,189 8,436 6,414 4,403 5,189 4,403 17.9

 Defense communications equipment... 586 455 449 28.8 1.3 -5.1 533 471 422 341 533 341 56.3

 Audio and video equipment.................. 653 726 723 -10.1 0.4 -2.0 561 810 918 598 561 598 -6.2

 Semiconductors ................................. 6,442 6,046 6,290 6.5 -3.9 0.3 5,981 6,370 6,599 5,136 5,981 5,136 16.5

 Electronic components........................ 4,581 4,463 4,308 2.6 3.6 2.7 3,997 4,859 4,636 3,594 3,997 3,594 11.2

 Nondefense search and navigation

 equipment..................................... 894 939 776 -4.8 21.0 -7.8 762 1,019 764 675 762 675 12.9

 Defense search and navigation

 equipment..................................... 2,483 2,544 2,568 -2.4 -0.9 1.3 2,052 3,052 2,614 1,873 2,052 1,873 9.6

 Electromedical, measuring,

 and control instruments................. 6,982 6,940 6,288 0.6 10.4 1.6 5,797 8,345 5,722 4,540 5,797 4,540 27.7

 Electrical equipment, appliances, 

 and components................................... 8,533 8,627 8,627 -1.1 0.0 0.8 7,331 9,057 8,545 7,438 7,331 7,438 -1.4

 Electric lighting equipment................... 1,032 1,045 1,059 -1.2 -1.3 0.8 899 1,215 1,058 944 899 944 -4.8

 Household appliances........................ 1,962 2,125 2,107 -7.7 0.9 3.1 1,600 2,300 2,040 1,564 1,600 1,564 2.3

 Electrical equipment............................ 2,506 2,487 2,457 0.8 1.2 -3.5 2,127 2,667 2,341 2,149 2,127 2,149 -1.0

 Batteries........................................... 488 470 489 3.8 -3.9 1.9 397 482 635 380 397 380 4.5

 Transportation equipment...................... 51,531 53,043 53,245 -2.9 -0.4 1.6 46,495 50,795 52,019 47,373 46,495 47,373 -1.9

 Automobiles..................................... 7,079 7,532 7,217 -6.0 4.4 -0.6 6,830 6,730 6,811 7,316 6,830 7,316 -6.6

 Light trucks and utility vehicles............ 10,607 11,512 11,226 -7.9 2.5 0.3 10,106 10,309 10,494 10,663 10,106 10,663 -5.2

 Heavy duty trucks ............................. 1,181 1,194 1,128 -1.1 5.9 0.3 1,050 1,043 1,014 930 1,050 930 12.9

 Motor vehicle bodies, parts, 

 and trailers.................................... 17,954 18,195 18,020 -1.3 1.0 -1.3 16,961 15,928 17,209 17,867 16,961 17,867 -5.1

 Nondefense aircraft and parts.............. 5,347 5,322 5,861 0.5 -9.2 6.8 3,922 6,534 6,330 3,556 3,922 3,556 10.3

 Defense aircraft and parts.................. 3,508 3,486 3,016 0.6 15.6 -10.8 2,910 4,153 3,257 2,566 2,910 2,566 13.4

 Ships and boats................................. 2,210 2,204 2,322 0.3 -5.1 5.9 1,743 2,076 2,395 1,607 1,743 1,607 8.5

 Furniture and related products................. 6,169 5,939 6,021 3.9 -1.4 1.6 5,851 5,673 5,977 5,493 5,851 5,493 6.5

 Miscellaneous durable goods................. 11,388 11,882 11,358 -4.2 4.6 1.5 10,104 12,544 11,546 9,380 10,104 9,380 7.7

 Nondurable goods industries................... 163,017 160,507 157,380 1.6 2.0 0.8 152,607 156,694 154,364 142,727 152,607 142,727 6.9

 Food products....................................... 38,755 38,565 38,759 0.5 -0.5 -1.0 36,828 39,508 39,922 35,956 36,828 35,956 2.4

 Grain and oilseed milling..................... 3,536 3,464 4,348 2.1 -20.3 0.7 3,460 3,398 4,549 3,908 3,460 3,908 -11.5

 Dairy products.................................. 5,781 5,775 5,739 0.1 0.6 -1.4 5,599 5,843 5,847 5,014 5,599 5,014 11.7

 Meat, poultry, and seafood products... 11,332 11,277 11,040 0.5 2.1 -4.1 10,782 11,136 11,274 10,544 10,782 10,544 2.3

 Beverage and tobacco products............... 8,751 8,730 8,601 0.2 1.5 -2.4 8,047 8,454 8,343 7,870 8,047 7,870 2.2

 Beverages......................................... 5,965 5,753 5,712 3.7 0.7 -0.7 5,261 5,477 5,454 4,949 5,261 4,949 6.3

 Tobacco............................................ 2,786 2,977 2,889 -6.4 3.0 -5.6 2,786 2,977 2,889 2,921 2,786 2,921 -4.6

 Textile mills........................................... 3,408 3,314 3,324 2.8 -0.3 -1.2 3,075 3,011 3,252 3,157 3,075 3,157 -2.6

 Textile products................................... 3,276 3,290 3,089 -0.4 6.5 2.0 2,809 2,968 3,005 2,390 2,809 2,390 17.5

 Apparel................................................ 4,580 4,632 4,526 -1.1 2.3 0.8 4,147 3,997 4,635 4,098 4,147 4,098 1.2

 Leather and allied products..................... 889 891 920 -0.2 -3.2 4.5 744 932 963 759 744 759 -2.0

 Paper products...................................... 14,121 13,644 13,355 3.5 2.2 0.7 13,689 13,448 12,905 12,811 13,689 12,811 6.9

 Pulp, paper, and paperboard mills....... 5,852 5,641 5,553 3.7 1.6 -0.5 5,748 5,495 5,351 5,816 5,748 5,816 -1.2

 Paperboard containers........................ 3,681 3,679 3,616 0.1 1.7 1.6 3,519 3,471 3,422 3,577 3,519 3,577 -1.6

 Printing................................................. 7,917 7,891 7,773 0.3 1.5 1.1 7,396 8,145 8,204 7,528 7,396 7,528 -1.8

 Petroleum and coal products.................. 24,983 23,778 22,154 5.1 7.3 11.3 22,575 22,523 21,132 18,473 22,575 18,473 22.2

 Petroleum refineries.......................... 22,971 21,817 20,301 5.3 7.5 12.0 21,127 21,002 19,444 17,275 21,127 17,275 22.3

 Basic chemicals...................................... 40,101 39,573 39,239 1.3 0.9 -1.2 38,203 38,978 37,419 35,336 38,203 35,336 8.1

 Pesticides, fertilizers, and other

 agricultural chemicals..................... 1,602 1,657 1,868 -3.3 -11.3 1.6 1,420 1,464 1,365 1,346 1,420 1,346 5.5

 Pharmaceuticals and medicines............ 9,266 8,989 9,556 3.1 -5.9 -3.9 9,239 9,365 9,889 9,697 9,239 9,697 -4.7

 Paints, coatings, and adhesives.......... 2,282 2,347 2,391 -2.8 -1.8 -3.1 2,048 2,049 2,151 2,142 2,048 2,142 -4.4

 Plastics and rubber products.................. 16,236 16,199 15,640 0.2 3.6 -0.8 15,094 14,730 14,584 14,349 15,094 14,349 5.2

p Preliminary r

 Revised NA Not available.

1

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

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

Year to date
 4

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

[Millions of Dollars]

Seasonally Adjusted Not Seasonally Adjusted 1

Monthly Percent Change Monthly

Industry Percent

Jan. Dec. Nov. Dec. - Nov. - Oct. - Jan. Dec. Nov. Jan. 2004/

2004p 2003r 2003 Jan. Dec. Nov. 2004p 2003r 2003 2003 2004p 2003 2003

All manufacturing industries 2................... 343,169 344,868 338,726 -0.5 1.8 -0.9 321,193 346,693 330,467 302,513 321,193 302,513 6.2

 Excluding transportation 2

................... 293,620 289,611 284,211 1.4 1.9 -1.1 273,227 288,749 278,096 253,428 273,227 253,428 7.8

 Excluding defense 2

............................. 334,103 334,115 327,830 0.0 1.9 -0.8 311,391 329,995 320,207 294,448 311,391 294,448 5.8

 With unfilled orders 2

.......................... 127,510 129,026 127,774 -1.2 1.0 -3.1 121,301 136,535 125,009 113,107 121,301 113,107 7.2

 Durable goods industries 2........................ 180,152 184,361 181,346 -2.3 1.7 -2.4 168,586 189,999 176,103 159,786 168,586 159,786 5.5

 Primary metals............................ ............ 12,013 11,655 11,811 3.1 -1.3 -1.1 12,458 10,737 11,018 11,665 12,458 11,665 6.8

 Iron and steel mills.............................. 5,244 5,204 5,553 0.8 -6.3 -3.2 5,395 4,948 5,135 5,194 5,395 5,194 3.9

 Aluminum and nonferrous metals......... 5,409 5,128 4,937 5.5 3.9 1.4 5,680 4,609 4,661 5,119 5,680 5,119 11.0

 Ferrous metal foundries...................... 1,360 1,323 1,321 2.8 0.2 -1.6 1,383 1,180 1,222 1,352 1,383 1,352 2.3

 Fabricated metal products...................... 22,324 21,864 21,089 2.1 3.7 -0.5 21,279 19,699 20,465 19,282 21,279 19,282 10.4

 Machinery............................................. 23,007 24,020 22,269 -4.2 7.9 2.6 21,394 23,142 20,893 19,094 21,394 19,094 12.0

 Construction machinery....................... 2,120 2,062 2,273 2.8 -9.3 16.7 2,024 2,029 2,063 1,490 2,024 1,490 35.8

 Mining, oil field, and

 gas field machinery......................... 816 721 840 13.2 -14.2 11.9 775 826 809 604 775 604 28.3

 Industrial machinery............................ 3,248 3,044 2,612 6.7 16.5 -6.6 3,436 3,111 2,279 3,573 3,436 3,573 -3.8

 Photographic equipment...................... 974 969 923 0.5 5.0 0.5 818 1,015 960 692 818 692 18.2

 Ventilation, heating, air-conditioning,

 and refrigeration equipment............ 2,527 3,069 2,495 -17.7 23.0 -4.0 2,310 2,821 2,372 2,168 2,310 2,168 6.5

 Metalworking machinery....................... 2,145 2,105 1,519 1.9 38.6 -4.6 1,782 1,888 1,764 1,520 1,782 1,520 17.2

 Turbines, generators, and other 

 power transmission equipment.......... 2,982 3,643 3,138 -18.1 16.1 19.2 2,735 3,634 3,062 1,946 2,735 1,946 40.5

 Material handling equipment............... 1,390 1,528 1,470 -9.0 3.9 5.4 1,319 1,645 1,304 1,097 1,319 1,097 20.2

 Computers and electronic products 2...... 31,429 29,948 29,471 4.9 1.6 -12.5 28,168 38,337 29,924 25,234 28,168 25,234 11.6

 Computers........................................ 5,466 5,301 5,361 3.1 -1.1 -2.3 4,999 5,814 5,204 4,068 4,999 4,068 22.9

 Nondefense communications

 equipment...................................... 6,644 3,617 4,573 83.7 -20.9 -48.5 6,201 5,610 5,469 6,251 6,201 6,251 -0.8

 Defense communications equipment... 683 542 549 26.0 -1.3 -18.8 630 558 522 391 630 391 61.1

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

 Electronic components........................ 4,464 4,528 4,640 -1.4 -2.4 3.4 4,312 5,104 4,795 3,736 4,312 3,736 15.4

 Nondefense search and navigation

 equipment..................................... 894 799 808 11.9 -1.1 -8.9 830 855 824 841 830 841 -1.3

 Defense search and navigation

 equipment...................................... 2,618 2,617 2,795 0.0 -6.4 -3.0 2,336 4,451 2,844 2,228 2,336 2,228 4.8

 Electromedical, measuring,

 and control instruments.................... 6,762 7,870 6,688 -14.1 17.7 4.6 5,895 9,372 6,110 4,825 5,895 4,825 22.2

 Electrical equipment, appliances, 

 and components................................... 8,536 8,251 8,464 3.5 -2.5 -2.3 7,497 8,534 8,389 7,447 7,497 7,447 0.7

 Electric lighting equipment................... 981 908 1,004 8.0 -9.6 8.0 860 1,116 967 1,023 860 1,023 -15.9

 Household appliances.......................... 1,938 1,971 2,070 -1.7 -4.8 -0.9 1,627 2,106 2,119 1,575 1,627 1,575 3.3

 Electrical equipment............................ 2,571 2,372 2,348 8.4 1.0 -11.4 2,243 2,405 2,203 2,112 2,243 2,112 6.2

 Transportation equipment........................ 49,549 55,257 54,515 -10.3 1.4 -0.2 47,966 57,944 52,371 49,085 47,966 49,085 -2.3

 Motor vehicle bodies, parts, 

 and trailers..................................... 17,796 18,377 18,297 -3.2 0.4 -2.5 17,271 16,590 17,760 18,284 17,271 18,284 -5.5

 Nondefense aircraft and parts.............. 4,386 6,097 4,930 -28.1 23.7 -12.4 3,777 8,602 5,111 4,704 3,777 4,704 -19.7

 Defense aircraft and parts................... 2,493 3,778 3,733 -34.0 1.2 -5.0 2,946 5,838 3,126 2,899 2,946 2,899 1.6

 Ships and boats.................................. 2,543 2,465 3,371 3.2 -26.9 125.6 2,910 2,705 3,500 1,705 2,910 1,705 70.7

 Furniture and related products................. 6,293 5,941 6,106 5.9 -2.7 2.1 6,132 5,302 6,158 5,566 6,132 5,566 10.2

 Nondurable goods industries.................. 163,017 160,507 157,380 1.6 2.0 0.8 152,607 156,694 154,364 142,727 152,607 142,727 6.9

p

 Preliminary r Revised NA Not available.

1

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

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

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

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

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

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

Year to date
 5 

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

[Millions of Dollars]

Seasonally Adjusted Not Seasonally Adjusted

Monthly Percent Change Monthly Percent

Industry Change

Jan. Dec. Nov. Dec. - Nov. - Oct. - Jan. Dec. Nov. Jan. Jan.

2004p 2003r 2003 Jan. Dec. Nov. 2004p 2003r 2003 2003 04/03

All manufacturing industries 1................... 505,822 506,298 503,869 -0.1 0.5 0.7 509,924 502,416 495,329 486,552 4.8

 Excluding transportation 1................... 255,904 254,398 254,183 0.6 0.1 0.9 257,172 251,135 251,197 240,424 7.0

 Excluding defense 1

............................. 347,348 347,528 346,532 -0.1 0.3 0.4 349,936 344,459 343,320 340,987 2.6

 Durable goods industries 1

........................ 505,822 506,298 503,869 -0.1 0.5 0.7 509,924 502,416 495,329 486,552 4.8

 Primary metals........................................ 16,661 16,475 16,384 1.1 0.6 4.7 16,895 16,002 15,543 14,893 13.4

 Iron and steel mills.............................. 9,475 9,526 9,524 -0.5 0.0 7.0 9,522 9,267 8,979 7,839 21.5

 Aluminum and nonferrous metals......... 4,808 4,604 4,495 4.4 2.4 2.3 4,922 4,418 4,248 4,777 3.0

 Ferrous metal foundries...................... 2,378 2,345 2,365 1.4 -0.8 0.8 2,451 2,317 2,316 2,277 7.6

 Fabricated metal products...................... 40,109 38,954 38,139 3.0 2.1 1.8 39,873 38,021 37,891 36,983 7.8

 Machinery.............................................. 44,173 43,907 42,663 0.6 2.9 2.4 44,369 42,882 42,249 43,284 2.5

 Construction machinery....................... 2,793 2,735 2,641 2.1 3.6 15.4 2,955 2,706 2,509 2,085 41.7

 Mining, oil field, and

 gas field machinery......................... 1,077 1,062 1,117 1.4 -4.9 11.3 1,077 1,062 1,117 892 20.7

 Industrial machinery............................ 7,966 7,742 7,575 2.9 2.2 -0.2 8,036 7,338 7,530 8,499 -5.4

 Photographic equipment...................... 849 854 811 -0.6 5.3 3.4 834 827 819 565 47.6

 Ventilation, heating, air-conditioning,

 and refrigeration equipment............ 4,411 4,456 4,538 -1.0 -1.8 -1.2 4,401 4,247 4,408 4,084 7.8

 Metalworking machinery....................... 4,081 4,019 3,921 1.5 2.5 2.7 4,085 3,960 4,002 3,650 11.9

 Turbines, generators, and other 

 power transmission equipment.......... 9,326 9,343 8,415 -0.2 11.0 4.2 9,433 9,338 8,411 10,379 -9.1

 Material handling equipment............... 4,824 4,845 4,764 -0.4 1.7 1.3 4,809 4,861 4,683 4,671 3.0

 Computers and electronic products 1...... 129,153 129,533 131,002 -0.3 -1.1 -0.4 130,362 129,156 129,454 121,377 7.4

 Computers......................................... 8,386 8,852 8,651 -5.3 2.3 -0.4 8,137 8,805 8,871 7,838 3.8

 Nondefense communications

 equipment...................................... 47,064 46,873 49,558 0.4 -5.4 -3.2 47,392 46,380 49,206 43,653 8.6

 Defense communications equipment... 3,486 3,389 3,302 2.9 2.6 3.1 3,486 3,389 3,302 2,992 16.5

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

 Electronic components.......................... 13,882 13,999 13,934 -0.8 0.5 2.4 14,244 13,929 13,684 15,626 -8.8

 Nondefense search and navigation

 equipment..................................... 4,675 4,675 4,815 0.0 -2.9 0.7 4,649 4,581 4,745 4,655 -0.1

 Defense search and navigation

 equipment...................................... 35,840 35,705 35,632 0.4 0.2 0.6 36,358 36,074 34,675 33,989 7.0

 Electromedical, measuring,

 and control instruments.................... 15,820 16,040 15,110 -1.4 6.2 2.7 16,096 15,998 14,971 12,624 27.5

 Electrical equipment, appliances, 

 and components................................... 13,624 13,621 13,997 0.0 -2.7 -1.2 13,581 13,415 13,938 13,801 -1.6

 Electric lighting equipment................... 1,220 1,271 1,408 -4.0 -9.7 -3.8 1,218 1,257 1,356 1,534 -20.6

 Household appliances.......................... 749 773 927 -3.1 -16.6 -3.8 794 767 961 910 -12.7

 Electrical equipment............................ 8,475 8,410 8,525 0.8 -1.3 -1.3 8,389 8,273 8,535 8,034 4.4

 Transportation equipment........................ 249,918 251,900 249,686 -0.8 0.9 0.5 252,752 251,281 244,132 246,128 2.7

 Motor vehicle bodies, parts, 

 and trailers..................................... 13,328 13,486 13,304 -1.2 1.4 2.1 13,930 13,620 12,958 12,550 11.0

 Nondefense aircraft and parts.............. 103,714 104,675 103,900 -0.9 0.7 -0.9 104,926 105,071 103,003 112,642 -6.9

 Defense aircraft and parts................... 61,117 62,132 61,840 -1.6 0.5 1.2 60,806 60,770 59,085 56,297 8.0

 Ships and boats.................................. 20,876 20,543 20,282 1.6 1.3 5.5 21,628 20,461 19,832 20,746 4.3

 Furniture and related products................. 5,729 5,605 5,603 2.2 0.0 1.5 5,637 5,356 5,727 5,327 5.8

p

 Preliminary r Revised NA Not available.

1

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

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

Table 4. Value of Manufacturers' Inventories for Industry Groups

[Millions of Dollars]

Seasonally Adjusted Not Seasonally Adjusted

Monthly Percent Change Monthly Percent

Industry Change

Jan. Dec. Nov. Dec. - Nov. - Oct. - Jan. Dec. Nov. Jan. Jan.

2004p 2003r 2003 Jan. Dec. Nov. 2004p 2003r 2003 2003 04/03

 All manufacturing industries..................... 439,411 438,584 438,126 0.2 0.1 -0.1 437,389 428,176 439,491 442,409 -1.1

 Excluding transportation...................... 371,666 371,126 371,108 0.1 0.0 0.0 370,217 363,030 371,927 374,815 -1.2

 Excluding defense............................. 415,300 414,308 414,543 0.2 -0.1 -0.2 413,597 404,528 415,944 421,206 -1.8

 With unfilled orders............................. 205,544 205,645 204,731 0.0 0.4 -0.3 204,780 200,434 205,635 212,929 -3.8

 Durable goods industries........................ 263,195 262,947 261,414 0.1 0.6 -0.4 262,506 255,969 262,264 270,014 -2.8

 Wood products........................................ 9,644 9,604 9,610 0.4 -0.1 1.4 9,817 9,598 9,701 9,806 0.1

 Nonmetallic mineral products................... 9,201 9,234 9,244 -0.4 -0.1 -3.8 9,232 9,051 8,995 9,550 -3.3

 Primary metals........................................ 17,466 17,301 17,276 1.0 0.1 0.7 17,611 17,420 17,343 19,246 -8.5

 Iron and steel mills.............................. 9,148 9,066 9,151 0.9 -0.9 -0.4 9,251 9,206 9,236 10,983 -15.8

 Aluminum and nonferrous metals......... 6,642 6,579 6,468 1.0 1.7 2.6 6,666 6,596 6,490 6,508 2.4

 Ferrous metal foundries...................... 1,676 1,656 1,657 1.2 -0.1 -0.5 1,694 1,618 1,617 1,755 -3.5

 Fabricated metal products......................... 30,995 31,021 30,995 -0.1 0.1 -0.1 31,089 30,504 30,778 31,790 -2.2

 Machinery.............................................. 41,886 41,583 41,220 0.7 0.9 -0.6 41,949 40,512 41,579 42,979 -2.4

 Farm machinery.................................. 2,213 2,151 2,183 2.9 -1.5 0.4 2,330 2,206 2,172 2,284 2.0

 Construction machinery........................ 3,696 3,475 3,471 6.4 0.1 -0.2 3,733 3,444 3,498 3,535 5.6

 Mining, oil field, 

 and gas field machinery.................. 2,187 2,239 2,263 -2.3 -1.1 0.9 2,157 2,154 2,270 2,271 -5.0

 Industrial machinery............................ 6,676 6,634 6,578 0.6 0.9 0.8 6,633 6,471 6,679 6,988 -5.1

 Photographic equipment...................... 1,434 1,406 1,388 2.0 1.3 -1.6 1,395 1,305 1,408 1,364 2.3

 Ventilation, heating, air-conditioning,

 and refrigeration equipment............ 4,190 4,170 4,162 0.5 0.2 -0.3 4,124 3,925 4,162 3,930 4.9

 Metalworking machinery....................... 4,388 4,434 4,409 -1.0 0.6 1.2 4,314 4,219 4,394 4,720 -8.6

 Turbines, generators, and other

 power transmission equipment.......... 4,298 4,335 3,984 -0.9 8.8 -5.6 4,243 4,191 4,162 4,415 -3.9

 Material handling equipment............... 2,358 2,303 2,340 2.4 -1.6 1.1 2,336 2,256 2,358 2,275 2.7

 Computers and electronic products......... 47,248 47,777 47,130 -1.1 1.4 -0.1 46,899 45,945 47,613 50,148 -6.5

 Computers......................................... 2,429 2,578 2,427 -5.8 6.2 -1.0 2,266 2,443 2,490 2,515 -9.9

 Computer storage devices................... 1,235 1,206 1,195 2.4 0.9 -1.1 1,176 1,022 1,297 1,113 5.7

 Other peripheral equipment................ 2,360 2,361 2,399 0.0 -1.6 -0.4 2,357 2,174 2,491 2,522 -6.5

 Nondefense communications

 equipment...................................... 9,343 9,729 9,842 -4.0 -1.1 1.1 9,298 9,352 10,092 11,411 -18.5

 Defense communications equipment...... 1,189 1,327 1,250 -10.4 6.2 -1.6 1,189 1,327 1,250 1,214 -2.1

 Audio and video equipment.................. 927 945 966 -1.9 -2.2 -0.7 924 889 1,037 1,121 -17.6

 Semiconductors1

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

 Electronic components.......................... 7,657 7,510 7,400 2.0 1.5 -1.1 7,679 7,240 7,325 8,110 -5.3

 Nondefense search and navigation

 equipment...................................... 2,555 2,525 2,522 1.2 0.1 -1.5 2,531 2,441 2,543 2,713 -6.7

 Defense search and navigation

 equipment...................................... 3,001 2,960 2,829 1.4 4.6 -2.2 2,970 2,860 2,810 2,948 0.7

 Electromedical, measuring 

 and control instruments.................... 10,096 10,224 10,344 -1.3 -1.2 1.0 10,103 10,058 10,413 10,550 -4.2

 Electrical equipment, appliances, 

 and components................................... 12,434 12,383 12,372 0.4 0.1 0.7 12,422 11,949 12,253 12,692 -2.1

 Electric lighting equipment................... 1,389 1,389 1,393 0.0 -0.3 -1.1 1,384 1,319 1,388 1,532 -9.7

 Household appliances.......................... 2,146 2,098 2,105 2.3 -0.3 1.9 2,128 1,906 2,065 2,049 3.9

 Electrical equipment............................ 4,178 4,160 4,099 0.4 1.5 1.6 4,260 4,121 4,115 4,125 3.3

 Batteries............................................ 561 551 575 1.8 -4.2 -2.9 527 507 552 505 4.4

 Transportation equipment...................... 67,745 67,458 67,018 0.4 0.7 -0.8 67,172 65,146 67,564 67,594 -0.6

 Automobiles....................................... 1,963 1,916 1,793 2.5 6.9 -2.3 1,969 1,743 1,750 2,037 -3.3

 Light trucks and utility vehicles............ 2,450 2,241 2,285 9.3 -1.9 -0.7 2,377 1,985 2,336 2,247 5.8

 Heavy duty trucks .............................. 753 764 746 -1.4 2.4 1.1 749 732 756 771 -2.9

 Motor vehicle bodies, parts, 

 and trailers..................................... 15,493 15,309 15,230 1.2 0.5 0.5 15,564 15,144 15,295 15,802 -1.5

 Nondefense aircraft and parts.............. 23,948 24,013 24,173 -0.3 -0.7 -2.6 23,666 22,997 24,652 26,280 -9.9

 Defense aircraft and parts..................... 11,565 11,639 11,169 -0.6 4.2 1.3 11,361 11,296 11,135 9,660 17.6

 Ships and boats.................................. 3,057 3,017 2,901 1.3 4.0 -1.5 3,048 2,971 2,896 2,605 17.0

 Furniture and related products................. 7,613 7,567 7,665 0.6 -1.3 -0.3 7,540 7,375 7,636 7,783 -3.1

 Miscellaneous durable goods.................... 18,963 19,019 18,884 -0.3 0.7 0.0 18,775 18,469 18,802 18,426 1.9

 Nondurable goods industries................... 176,216 175,637 176,712 0.3 -0.6 0.2 174,883 172,207 177,227 172,395 1.4

 Food products........................................ 32,877 32,997 33,584 -0.4 -1.7 0.3 32,932 33,082 35,041 32,795 0.4

 Grain and oilseed milling..................... 3,249 3,207 3,628 1.3 -11.6 -2.0 3,504 3,400 3,811 3,828 -8.5

 Dairy products.................................... 3,575 3,594 3,594 -0.5 0.0 2.1 3,496 3,333 3,428 3,472 0.7

 Meat, poultry, and seafood products...... 6,103 6,104 6,212 0.0 -1.7 0.8 5,956 5,939 6,380 5,749 3.6

 Beverage and tobacco products............... 14,634 14,519 14,808 0.8 -2.0 0.0 14,919 14,725 15,147 14,756 1.1

 Beverages......................................... 9,943 9,816 10,051 1.3 -2.3 0.3 9,975 9,813 10,224 9,623 3.7

 Tobacco........................................... 4,691 4,703 4,757 -0.3 -1.1 -0.5 4,944 4,912 4,923 5,133 -3.7

 Textile mills........................................... 4,952 4,998 5,025 -0.9 -0.5 -0.1 4,931 4,817 4,941 4,942 -0.2

 Textile products...................................... 5,124 5,171 5,106 -0.9 1.3 1.2 5,106 4,951 4,972 4,960 2.9

 Apparel................................................. 7,092 7,165 7,206 -1.0 -0.6 -0.4 7,034 6,901 6,844 7,071 -0.5

 Leather and allied products..................... 1,721 1,742 1,697 -1.2 2.7 1.7 1,706 1,673 1,680 1,648 3.5

 Paper products....................................... 14,298 14,455 14,660 -1.1 -1.4 -0.7 14,350 14,352 14,593 14,863 -3.5

 Pulp, paper, and paperboard mills.......... 6,427 6,513 6,641 -1.3 -1.9 -0.8 6,478 6,489 6,599 6,588 -1.7

 Paperboard containers........................ 4,010 4,028 4,065 -0.4 -0.9 -0.1 4,047 4,036 4,041 4,345 -6.9

 Printing.................................................. 6,107 6,155 6,213 -0.8 -0.9 0.7 5,837 5,754 6,252 6,098 -4.3

 Petroleum and coal products..................... 16,048 15,200 15,113 5.6 0.6 -2.9 15,307 13,973 14,870 15,136 1.1

 Petroleum refineries............................. 14,495 13,625 13,511 6.4 0.8 -4.1 13,812 12,542 13,302 13,715 0.7

 Basic chemicals...................................... 52,744 52,682 53,121 0.1 -0.8 1.2 52,221 51,917 53,081 50,590 3.2

 Pesticides, fertilizers, and other

 agricultural chemicals....................... 2,391 2,288 2,218 4.5 3.2 -1.1 2,660 2,366 2,189 2,720 -2.2

 Pharmaceuticals and medicines............ 20,978 21,137 21,200 -0.8 -0.3 0.7 20,268 20,737 21,443 18,662 8.6

 Paints, coatings, and adhesives............. 2,761 2,750 2,740 0.4 0.4 0.8 2,751 2,635 2,648 2,744 0.3

 Plastics and rubber products..................... 20,619 20,553 20,179 0.3 1.9 0.4 20,540 20,062 19,806 19,536 5.1

p

 Preliminary r Revised NA Not available.

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

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

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

 Topical Series 1

[Millions of Dollars]

Seasonally Adjusted Not Seasonally Adjusted2

Monthly Percent Change Monthly Year to date Percent

Industry Change6

Jan. Dec. Nov. Dec. - Nov. - Oct. - Jan. Dec. Nov. Jan. 2004/

2004p 2003r 2003 Jan. Dec. Nov. 2004p 2003r 2003 2003 2004p 2003 2003

SHIPMENTS

 All manufacturing industries .................. 350,087 348,485 341,454 0.5 2.1 0.5 319,666 345,976 333,414 301,776 319,666 301,776 5.9

 Construction materials and supplies...... 35,914 36,625 35,837 -1.9 2.2 -1.7 31,564 33,203 33,889 31,046 31,564 31,046 1.7

 Information technology......................... 30,752 30,380 29,161 1.2 4.2 -0.9 26,084 37,176 28,390 22,162 26,084 22,162 17.7

 Computers and related products .......... 8,633 8,482 8,172 1.8 3.8 -3.3 7,576 11,090 7,481 6,262 7,576 6,262 21.0

 Motor vehicle and parts........................ 36,821 38,433 37,591 -4.2 2.2 -0.6 34,947 34,010 35,528 36,776 34,947 36,776 -5.0

 Capital goods...................................... 68,932 68,334 66,183 0.9 3.3 -0.5 59,062 76,896 64,186 52,632 59,062 52,632 12.2

 Nondefense capital goods 3.................. 60,888 60,421 58,684 0.8 3.0 0.1 52,279 67,929 56,457 46,523 52,279 46,523 12.4

 Excluding aircraft............................. 58,851 57,952 55,823 1.6 3.8 -0.7 51,000 64,516 53,325 45,298 51,000 45,298 12.6

 Defense capital goods 4....................... 8,044 7,913 7,499 1.7 5.5 -5.3 6,783 8,967 7,729 6,109 6,783 6,109 11.0

 Consumer goods.................................. 133,195 132,778 130,514 0.3 1.7 1.2 124,640 129,981 129,748 119,112 124,640 119,112 4.6

 Consumer durable goods..................... 33,479 35,159 34,370 -4.8 2.3 0.5 30,792 33,070 33,445 31,273 30,792 31,273 -1.5

 Consumer nondurable goods............... 99,716 97,619 96,144 2.1 1.5 1.5 93,848 96,911 96,303 87,839 93,848 87,839 6.8

 All manufacturing industries 5................. 343,169 344,868 338,726 -0.5 1.8 -0.9 321,193 346,693 330,467 302,513 321,193 302,513 6.2

 Construction materials and supplies...... 36,781 37,103 36,203 -0.9 2.5 -1.7 33,141 33,021 34,291 31,093 33,141 31,093 6.6

 Information technology......................... 30,497 28,919 28,307 5.5 2.2 -13.3 27,044 36,673 28,554 24,547 27,044 24,547 10.2

 Computers and related products .......... 8,167 8,683 8,139 -5.9 6.7 -0.9 6,908 11,024 7,788 5,976 6,908 5,976 15.6

 Motor vehicle and parts........................ 36,663 38,615 37,868 -5.1 2.0 -1.2 35,257 34,672 36,079 37,193 35,257 37,193 -5.2

 Capital goods...................................... 67,970 69,845 67,084 -2.7 4.1 -5.5 62,792 82,675 65,104 56,704 62,792 56,704 10.7

 Nondefense capital goods 3.................. 59,792 60,219 57,862 -0.7 4.1 -6.2 54,118 67,808 56,343 49,791 54,118 49,791 8.7

 Excluding aircraft............................. 58,432 57,673 55,553 1.3 3.8 -5.8 52,700 63,025 54,051 47,721 52,700 47,721 10.4

 Defense capital goods 4....................... 8,178 9,626 9,222 -15.0 4.4 -1.2 8,674 14,867 8,761 6,913 8,674 6,913 25.5

 Consumer goods.................................. 133,340 132,630 130,993 0.5 1.2 1.1 125,053 129,594 130,436 119,350 125,053 119,350 4.8

 Consumer durable goods..................... 33,624 35,011 34,849 -4.0 0.5 -0.1 31,205 32,683 34,133 31,511 31,205 31,511 -1.0

 Consumer nondurable goods.............. 99,716 97,619 96,144 2.1 1.5 1.5 93,848 96,911 96,303 87,839 93,848 87,839 6.8

 All manufacturing industries 5

................. 505,822 506,298 503,869 -0.1 0.5 0.7 509,924 502,416 495,329 486,552 (X) (X) 4.8

 Construction materials and supplies...... 33,646 32,779 32,301 2.6 1.5 1.1 33,446 31,869 32,051 31,180 (X) (X) 7.3

 Information technology......................... 119,300 119,555 121,016 -0.2 -1.2 -0.7 120,132 119,172 119,675 109,639 (X) (X) 9.6

 Computers and related products .......... 8,386 8,852 8,651 -5.3 2.3 -0.4 8,137 8,805 8,871 7,838 (X) (X) 3.8

 Motor vehicle and parts........................ 13,328 13,486 13,304 -1.2 1.4 2.1 13,930 13,620 12,958 12,550 (X) (X) 11.0

 Capital goods...................................... 358,528 359,490 357,979 -0.3 0.4 0.3 361,527 357,797 352,018 342,783 (X) (X) 5.5

 Nondefense capital goods 3

..................219,991 221,087 221,289 -0.5 -0.1 -0.4 221,386 219,547 219,668 216,670 (X) (X) 2.2

 Excluding aircraft............................. 140,801 141,220 141,499 -0.3 -0.2 -0.2 140,984 139,284 140,775 130,694 (X) (X) 7.9

 Defense capital goods 4

....................... 138,537 138,403 136,690 0.1 1.3 1.3 140,141 138,250 132,350 126,113 (X) (X) 11.1

 Consumer goods.................................. 12,911 12,766 12,914 1.1 -1.1 3.9 13,024 12,611 12,998 12,105 (X) (X) 7.6

 Consumer durable goods..................... 12,911 12,766 12,914 1.1 -1.1 3.9 13,024 12,611 12,998 12,105 (X) (X) 7.6 

 All manufacturing industries .................. 439,411 438,584 438,126 0.2 0.1 -0.1 437,389 428,176 439,491 442,409 (X) (X) -1.1

 Construction materials and supplies...... 46,302 46,262 46,120 0.1 0.3 -0.5 46,592 45,350 45,759 47,439 (X) (X) -1.8

 Information technology......................... 39,205 39,921 39,818 -1.8 0.3 0.0 38,813 38,432 40,415 42,428 (X) (X) -8.5

 Computers and related products .......... 6,024 6,145 6,021 -2.0 2.1 -0.8 5,799 5,639 6,278 6,150 (X) (X) -5.7

 Motor vehicle and parts........................ 20,659 20,230 20,054 2.1 0.9 0.1 20,659 19,604 20,137 20,857 (X) (X) -0.9

 Capital goods...................................... 124,592 125,112 124,473 -0.4 0.5 -0.2 123,751 121,399 125,836 129,082 (X) (X) -4.1

 Nondefense capital goods 3

..................105,126 105,554 105,252 -0.4 0.3 -0.4 104,456 102,129 106,691 111,393 (X) (X) -6.2

 Excluding aircraft............................. 88,039 88,558 88,210 -0.6 0.4 0.1 87,506 85,879 89,143 91,973 (X) (X) -4.9

 Defense capital goods 4

....................... 19,466 19,558 19,221 -0.5 1.8 1.2 19,295 19,270 19,145 17,689 (X) (X) 9.1

 Consumer goods.................................. 135,488 134,734 135,515 0.6 -0.6 -0.3 134,332 131,660 136,694 132,363 (X) (X) 1.5

 Consumer durable goods..................... 27,487 27,131 26,983 1.3 0.5 -0.6 27,476 25,932 26,861 27,571 (X) (X) -0.3

 Consumer nondurable goods............... 108,001 107,603 108,532 0.4 -0.9 -0.2 106,856 105,728 109,833 104,792 (X) (X) 2.0

p

 Preliminary r Revised X Not Applicable.

1

 Topical series are regroupings of the separate industry categories. 2

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

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

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

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

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

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

and supplies.

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

and search and navigation equipment.

5 Estimates and percent changes exclude semiconductor industry data. 6

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

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

NEW ORDERS

UNFILLED ORDERS

TOTAL INVENTORIES
 8

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

 

[Millions of Dollars]

Seasonally Adjusted Not Seasonally Adjusted

Monthly Percent Change Monthly Percent

Industry Change

Jan. Dec. Nov. Dec. - Nov. - Oct. - Jan. Dec. Nov. Jan. Jan.

2004p 2003r 2003 Jan. Dec. Nov. 2004p 2003r 2003 2003 04/03

MATERIALS AND SUPPLIES

 All manufacturing industries ..................... 142,576 142,154 142,619 0.3 -0.3 -0.4 143,209 141,532 143,022 149,750 -4.4

 Durable goods industries ........................ 83,852 83,759 83,523 0.1 0.3 -0.6 84,417 83,441 84,077 89,346 -5.5

 Wood products................................... 3,709 3,724 3,668 -0.4 1.5 0.5 3,939 3,977 3,970 3,762 4.7

 Nonmetallic mineral products............... 3,237 3,242 3,232 -0.2 0.3 -4.4 3,256 3,255 3,253 3,371 -3.4

 Primary metals.................................... 5,786 5,770 5,697 0.3 1.3 0.5 5,892 5,961 5,844 6,593 -10.6

 Fabricated metal products..................... 11,104 11,047 11,051 0.5 0.0 0.2 11,195 11,090 10,953 11,425 -2.0

 Machinery.......................................... 12,378 12,385 12,260 -0.1 1.0 -2.1 12,487 12,206 12,253 13,640 -8.5

 Computers and electronic products ...... 16,580 16,566 16,393 0.1 1.1 -1.4 16,523 16,161 16,472 18,752 -11.9

 Electrical equipment, appliances,

 and components.............................. 4,708 4,694 4,633 0.3 1.3 0.2 4,739 4,670 4,617 4,921 -3.7

 Transportation equipment.................. 16,884 16,964 17,080 -0.5 -0.7 0.6 16,965 16,908 17,255 17,301 -1.9

 Furniture and related products............ 3,215 3,192 3,258 0.7 -2.0 0.9 3,200 3,167 3,238 3,294 -2.9

 Miscellaneous products........................ 6,251 6,175 6,251 1.2 -1.2 -0.6 6,221 6,046 6,222 6,287 -1.0

 Nondurable goods industries.................... 58,724 58,395 59,096 0.6 -1.2 0.0 58,792 58,091 58,945 60,404 -2.7

 Food products.................................... 10,253 10,314 10,871 -0.6 -5.1 2.6 10,413 10,353 11,033 10,675 -2.5

 Beverage and tobacco products............ 5,248 5,231 5,487 0.3 -4.7 0.0 5,510 5,487 5,385 5,912 -6.8

 Textiles.............................................. 1,350 1,340 1,364 0.7 -1.8 -0.9 1,348 1,324 1,353 1,478 -8.8

 Textile products.................................. 1,774 1,798 1,790 -1.3 0.4 5.0 1,759 1,740 1,740 1,732 1.6

 Apparel............................................. 1,633 1,637 1,660 -0.2 -1.4 0.7 1,626 1,626 1,633 1,776 -8.4

 Leather and allied products................... 445 459 453 -3.1 1.3 3.9 436 450 445 419 4.1

 Paper products................................... 6,580 6,688 6,733 -1.6 -0.7 -1.2 6,625 6,750 6,726 7,053 -6.1

 Printing ............................................. 2,669 2,695 2,678 -1.0 0.6 -0.2 2,639 2,610 2,695 2,794 -5.5

 Petroleum and coal products............... 4,861 4,684 4,275 3.8 9.6 -7.1 4,622 4,361 4,180 4,327 6.8

 Basic chemicals................................... 16,461 16,177 16,534 1.8 -2.2 0.1 16,403 16,112 16,586 17,060 -3.9

 Plastics and rubber products............... 7,450 7,372 7,251 1.1 1.7 -0.1 7,411 7,278 7,169 7,178 3.2

WORK IN PROCESS

 All manufacturing industries ..................... 129,033 127,922 127,925 0.9 0.0 0.0 127,918 123,571 129,437 126,698 1.0

 Durable goods industries ........................ 97,488 96,874 95,973 0.6 0.9 -0.3 96,667 93,427 96,702 96,305 0.4

 Wood products................................... 1,961 1,908 1,929 2.8 -1.1 0.9 1,961 1,912 1,924 2,081 -5.8

 Nonmetallic mineral products............... 1,215 1,214 1,195 0.1 1.6 0.3 1,216 1,158 1,123 1,222 -0.5

 Primary metals.................................... 6,070 5,853 5,812 3.7 0.7 0.2 6,072 5,832 5,825 6,376 -4.8

 Fabricated metal products..................... 9,518 9,443 9,375 0.8 0.7 0.0 9,446 9,199 9,395 9,277 1.8

 Machinery.......................................... 14,794 14,608 14,608 1.3 0.0 0.2 14,431 13,974 14,932 13,755 4.9

 Computers and electronic products ...... 18,409 18,567 18,339 -0.9 1.2 1.3 18,292 17,793 18,470 18,773 -2.6

 Electrical equipment, appliances,

 and components.............................. 2,881 2,876 2,899 0.2 -0.8 0.7 2,871 2,755 2,847 3,006 -4.5

 Transportation equipment.................. 38,083 37,799 37,196 0.8 1.6 -2.1 37,910 36,392 37,568 37,238 1.8

 Furniture and related products............ 1,538 1,490 1,506 3.2 -1.1 -0.9 1,531 1,478 1,497 1,541 -0.6

 Miscellaneous products........................ 3,019 3,116 3,114 -3.1 0.1 9.0 2,937 2,934 3,121 3,036 -3.3

 Nondurable goods industries.................... 31,545 31,048 31,952 1.6 -2.8 0.9 31,251 30,144 32,735 30,393 2.8

 Food products.................................... 3,010 3,009 2,960 0.0 1.7 -1.2 3,119 3,201 3,382 2,917 6.9

 Beverage and tobacco products............ 4,815 4,769 4,732 1.0 0.8 0.9 5,032 5,038 5,081 4,554 10.5

 Textiles.............................................. 1,290 1,294 1,284 -0.3 0.8 -0.2 1,302 1,259 1,265 1,255 3.7

 Textile products.................................. 718 690 684 4.1 0.9 -3.0 713 643 681 728 -2.1

 Apparel............................................. 1,177 1,194 1,217 -1.4 -1.9 -1.4 1,189 1,118 1,206 1,369 -13.1

 Leather and allied products................... 197 190 198 3.7 -4.0 13.1 199 183 198 171 16.4

 Paper products................................... 1,100 1,106 1,173 -0.5 -5.7 -1.3 1,120 1,118 1,154 1,192 -6.0

 Printing ............................................. 1,724 1,773 1,800 -2.8 -1.5 3.4 1,613 1,492 1,834 1,697 -4.9

 Petroleum and coal products............... 4,548 4,224 4,384 7.7 -3.6 -4.0 4,312 3,803 4,353 4,336 -0.6

 Basic chemicals................................... 10,500 10,321 11,048 1.7 -6.6 4.0 10,165 9,891 11,107 9,748 4.3

 Plastics and rubber products............... 2,466 2,478 2,472 -0.5 0.2 0.8 2,487 2,398 2,474 2,426 2.5

FINISHED GOODS

 All manufacturing industries ..................... 167,802 168,508 167,582 -0.4 0.6 -0.1 166,262 163,073 167,032 165,961 0.2

 Durable goods industries ........................ 81,855 82,314 81,918 -0.6 0.5 -0.2 81,422 79,101 81,485 84,363 -3.5

 Wood products................................... 3,974 3,972 4,013 0.1 -1.0 2.5 3,917 3,709 3,807 3,963 -1.2

 Nonmetallic mineral products............... 4,749 4,778 4,817 -0.6 -0.8 -4.5 4,760 4,638 4,619 4,957 -4.0

 Primary metals.................................... 5,610 5,678 5,767 -1.2 -1.5 1.4 5,647 5,627 5,674 6,277 -10.0

 Fabricated metal products..................... 10,373 10,531 10,569 -1.5 -0.4 -0.6 10,448 10,215 10,430 11,088 -5.8

 Machinery.......................................... 14,714 14,590 14,352 0.8 1.7 -0.1 15,031 14,332 14,394 15,584 -3.5

 Computers and electronic products ...... 12,259 12,644 12,398 -3.0 2.0 -0.3 12,084 11,991 12,671 12,623 -4.3

 Electrical equipment, appliances,

 and components.............................. 4,845 4,813 4,840 0.7 -0.6 1.1 4,812 4,524 4,789 4,765 1.0

 Transportation equipment.................. 12,778 12,695 12,742 0.7 -0.4 1.4 12,297 11,846 12,741 13,055 -5.8

 Furniture and related products............ 2,860 2,885 2,901 -0.9 -0.6 -1.3 2,809 2,730 2,901 2,948 -4.7

 Miscellaneous products........................ 9,693 9,728 9,519 -0.4 2.2 -2.3 9,617 9,489 9,459 9,103 5.6

 Nondurable goods industries.................... 85,947 86,194 85,664 -0.3 0.6 0.1 84,840 83,972 85,547 81,598 4.0

 Food products.................................... 19,614 19,674 19,753 -0.3 -0.4 -0.7 19,400 19,528 20,626 19,203 1.0

 Beverage and tobacco products............ 4,571 4,519 4,589 1.2 -1.5 -0.9 4,377 4,200 4,681 4,290 2.0

 Textiles.............................................. 2,312 2,364 2,377 -2.2 -0.5 0.5 2,281 2,234 2,323 2,209 3.3

 Textile products.................................. 2,632 2,683 2,632 -1.9 1.9 -0.1 2,634 2,568 2,551 2,500 5.4

 Apparel............................................. 4,282 4,334 4,329 -1.2 0.1 -0.5 4,219 4,157 4,005 3,926 7.5

 Leather and allied products................... 1,079 1,093 1,046 -1.3 4.5 -1.0 1,071 1,040 1,037 1,058 1.2

 Paper products................................... 6,618 6,661 6,754 -0.6 -1.4 -0.1 6,605 6,484 6,713 6,618 -0.2

 Printing ............................................. 1,714 1,687 1,735 1.6 -2.8 -0.6 1,585 1,652 1,723 1,607 -1.4

 Petroleum and coal products............... 6,639 6,292 6,454 5.5 -2.5 1.0 6,373 5,809 6,337 6,473 -1.5

 Basic chemicals................................... 25,783 26,184 25,539 -1.5 2.5 0.7 25,653 25,914 25,388 23,782 7.9

 Plastics and rubber products............... 10,703 10,703 10,456 0.0 2.4 0.8 10,642 10,386 10,163 9,932 7.1

p

 Preliminary r Revised

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

 to Shipments, by Industry Group

[Based on Seasonally Adjusted data]

Inventory/Shipments ratio Unfilled Orders/Shipments ratio 1

Industry Jan Dec Nov Oct Jan Dec Nov Oct

2004p 2003r 2003 2003 2004p 2003r 2003 2003

 All manufacturing industries

2

...... 1.26 1.26 1.28 1.29 (X) (X) (X) (X)

Durable goods industries

2

................... 1.41 1.40 1.42 1.43 3.95 4.00 4.06 4.05

 Wood products................................ 1.17 1.15 1.12 1.11 (X) (X) (X) (X)

 Nonmetallic mineral products........... 1.28 1.26 1.29 1.26 (X) (X) (X) (X)

 Primary metals................................. 1.48 1.50 1.56 1.56 1.41 1.42 1.48 1.43

 Fabricated metal products............... 1.46 1.47 1.52 1.51 1.99 1.94 1.96 1.92

 Machinery....................................... 1.84 1.83 1.94 1.93 2.14 2.13 2.22 2.14

 Computers and electronic products

2

.. 1.24 1.28 1.30 1.29 4.63 4.84 5.04 5.01

 Electrical equipment, appliances,

 and components............................. 1.46 1.44 1.43 1.44 1.69 1.67 1.72 1.75

 Transportation equipment................. 1.31 1.27 1.26 1.29 7.65 7.68 7.41 7.57

 Furniture and related products........... 1.23 1.27 1.27 1.30 1.05 1.07 1.05 1.06

 Miscellaneous products.................... 1.67 1.60 1.66 1.69 (X) (X) (X) (X)

Nondurable goods industries.............. 1.08 1.09 1.12 1.13 (X) (X) (X) (X)

 Food products................................... 0.85 0.86 0.87 0.86 (X) (X) (X) (X)

 Beverage and tobacco products......... 1.67 1.66 1.72 1.68 (X) (X) (X) (X)

 Textiles.......................................... 1.45 1.51 1.51 1.49 (X) (X) (X) (X)

 Textile products............................... 1.56 1.57 1.65 1.67 (X) (X) (X) (X)

 Apparel.......................................... 1.55 1.55 1.59 1.61 (X) (X) (X) (X)

 Leather and allied products............... 1.94 1.96 1.84 1.90 (X) (X) (X) (X)

 Paper products................................ 1.01 1.06 1.10 1.11 (X) (X) (X) (X)

 Printing.......................................... 0.77 0.78 0.80 0.80 (X) (X) (X) (X)

 Petroleum and coal products............ 0.64 0.64 0.68 0.78 (X) (X) (X) (X)

 Basic chemicals............................... 1.32 1.33 1.35 1.32 (X) (X) (X) (X)

 Plastics and rubber products.............. 1.27 1.27 1.29 1.27 (X) (X) (X) (X)

p

 Preliminary r Revised X Not Applicable

1

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

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

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

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

trucks; and miscellaneous furniture

2 Unfilled orders to shipments ratio excludes semiconductor manufacturing

Jan2 Jan2 Jan2 Jan2

Industry 2003- 2003- 2003- 2003-

Jan1 Dec Jan1 Dec Jan1 Dec Jan1 Dec

2004 2003 2004 2003 2004 2003 2004 2003

 All manufacturing industries.......... (X) 0.3 (X) 0.4 (X) 0.1 (X) 0.1

Durable goods industries...................... -0.5 0.4 -0.5 0.6 0.0 0.1 0.0 0.1

 Wood products................................... (X) 0.7 (X) (NA) (X) (NA) (X) 0.4

 Nonmetallic mineral products............. (X) 0.8 (X) (NA) (X) (NA) (X) 0.6

 Primary metals................................... -0.3 0.7 0.6 1.2 0.8 0.7 0.1 0.4

 Fabricated metal products.................. -0.6 0.5 -0.3 1.4 0.3 0.6 0.3 0.3

 Machinery.......................................... -2.3 0.5 -2.3 1.0 -0.1 0.3 0.0 0.3

 Computers and electronic products..... -0.1 0.6 -2.2 1.5 -0.1 0.3 -0.1 0.3

 Electrical equipment, appliances

 and components............................. -0.2 0.4 -0.2 0.7 0.1 0.4 0.0 0.2

 Transportation equipment.................. -0.1 0.4 0.1 0.7 0.0 0.1 0.0 0.2

 Furniture and related products............ (X) 0.9 (X) 1.8 (X) 1.2 (X) 0.2

 Miscellaneous products...................... (X) 0.7 (X) 0.8 (X) 0.9 (X) 0.3

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

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

 Beverage and tobacco products............ (X) 0.6 (X) (NA) (X) (NA) (X) 0.3

 Textiles............................................. (X) 1.6 (X) (NA) (X) (NA) (X) 0.5

 Textile products................................. (X) 0.8 (X) (NA) (X) (NA) (X) 0.3

 Apparel.............................................. (X) 0.9 (X) (NA) (X) (NA) (X) 0.4

 Leather and allied products.................. (X) 2.3 (X) (NA) (X) (NA) (X) 1.4

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

 Printing.............................................. (X) 0.6 (X) (NA) (X) (NA) (X) 0.4

 Petroleum and coal products............... (X) 1.7 (X) (NA) (X) (NA) (X) 1.1

 Basic chemicals.................................. (X) 0.7 (X) (NA) (X) (NA) (X) 0.3

 Plastics and rubber products............... (X) 0.6 (X) (NA) (X) (NA) (X) 0.4

X Not Applicable NA Not Available

1

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

2

 The twelve month revisions are the differences between the month-to-month percent changes of the preliminary and

final estimates. The monthly averages are the simple averages of the absolute values of the differences for the months specified. T

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

Table 8. Revisions to Previously Published Monthly Percent Changes

[Based on Seasonally Adjusted data]

Shipments New Orders Unfilled Orders Inventories
10

Survey Description 

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

Census Bureau’s Manufacturers’ Shipments,

Inventories, and Orders (M3) survey. This survey

provides statistics on manufacturers' value of

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

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

inventories by stage of fabrication (materials and

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

M3 includes approximately 3,500 reporting units. 

Units may be divisions of diversified large

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

the small monthly sample, these 89 categories have

been combined into 59 publication levels. The

survey methodology assumes that the month-to-month

changes of the total operations of those companies in

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

up the category. The current coverage levels in the

survey show that reported data in the monthly survey

represent approximately 60 percent of the shipments

estimates at the total manufacturing level. Data

published represent manufacturing in a calendar

month. The data collection is based on a voluntary

survey authorized by Title 13 of the United States

Code.

The data presented in this release are based on data

obtained from a panel of 3,500 reporting units and

provide an indication of the activity within the

manufacturing sector. The results differ from what

would be obtained from a complete enumeration of

all manufacturing companies. In addition, a different

panel of 3,500 companies would yield different

results. The M3 panel is comprised of companies

with $500 million or more in shipments and a limited

number of smaller companies. From a statistical

perspective, the panel is not a probability sample;

therefore, the sampling errors that are normally

provided with sample surveys cannot be measured. 

Nonsampling errors are attributable to many sources. 

The use of company or divisional reports to estimate

the monthly change for establishments is one source

of nonsampling error. The use of primarily large

companies to represent the month-to-month

movement of all companies is another potential

source.

Additional survey documentation can be found on our

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