Table 4. VALUE OF MANUFACTURERS’

(Millions of dollars)

INVENTORIES FOR INDUSTRY GROUPS

Seasonally adjusted

Not seasonally adjusted

Industry Monthly Percent Change Monthly Percent
change
July June May| June-|  May-| — Apr- July June May July| July
1998" 1998" 1998] July} June] May 1998” 1998" 1998 1997| 98/97
All manufacturing industries 468,057] 466,701 | 465,729] +03] +02]  +0.2] 469,411] 464,495] 469,773] 451,052] +4.1
Manufacturing industries
with unfilled orders... .... 313,894] 312,976] 311,938] +03] +03] +03] 316,739] 312,810] 315,984] 303,339]  +4.4
without defense capital goods ..... 449,230] 448,266) 447,375] +0.2] +0.2| 40.2] 450,193] 445,960] 451,131] 434,079] +3.7
Durable goods industries 296,010] 295,143] 294,375] +03] +03] +03] 297,493] 293,750] 297,637] 285,204] +43
With unfilled orders ........ 272,306 | 271,655) 270,782) +02] +03] +03] 274,341] 271,139) 274,150] 262,885] +44
Stone, clay, and glass products 9,154 9,110 9,092 40.5 40.2 +03 9,231 9,225 9,348 9,090 +16
Primary metals : 24744| 24,612] 24,465] +0.5] 40.6] 9 +05] 24,843] 24,464] 24,468] 24,498] +14
Blast furnaces, stec! mills. 12315| 12,168] 11,986] +12] 41s] +11] 12349] 11949] tn gar] 11,713] 45.4
Tron and steel foundries 1,568 1,562 1,559 +04 +0.2 +0.2 1,557 1,590 1,603 1,562 03
Nonferrous and other primary
metals... 22.0005 : 10,861] 10,882] 10,920 02 -03 10,937] 10,925] 11,024] 11,223 2.5
Fabricated metal products : 30,986] 30,749] 30,460] +08] +09 31,210] 31,071} 30,831] 29,312] +6.5
Industrial machinery and equipment . | 61,129] 60,900] 61.081] +04 -03 61,300] 60,233] 62,044] 60,074] +2.0
Engines and turbines : 4188] 4,079) 4396} -+2.7 72 4197| 3,967] 4.460] 3,905] +75
Farm and garden machinery 3,694] 3,630] 3,615] +18] 40.4 3,442] 3,440 3,498 3308] +41
Construction, mining and
material handling equipment . 8,734 8,682 8,585 +0.6 +11 +1.0 8,671 8,735 8,713 7,752] +119
Metalworking machinery : 7,726 7,581 7510] +19] +09] +12] 7,955 7,557 7,695 7578| — +5.0
Computer and office equipment . . 9811] 10,052] 10,186] 2.4 -13 22) 10,133] 9,748] 10,585] 11,703] -13.4
Electronic and other
electrical equipment ......... 40,411] 40,818} 41,236] —-1.0 “1.0 03] 40,946] 40,751} 41,986] 40,728] +0.5
Electrical transmission and
distribution equipment and
industrial apparatus ........ . 5,288 5302] 5,329] -03 05 -l 5,299] 5,259 5,378 5,695 -7.0
Household appliances .......... 2,360 2,325 2,360 +15 1S -ll 2,364 2,367 2,567 2,547 72
Electric lighting and
wiring equipment ......... 3,449 3,404 3,395 +13 40.3 0.1 3,538 3,438 3,488 3,430 43.1
Household audio and
video equipment ...... 975 940 gu] 43.7] 432] +62 1,060 975 915 1,227] -13.6
Communications equipment 10,482] 10,490} 10,576} -0.1 -08 -03] 10,550] 10,278] 10,840] 10,684] -13
Electronic components 14,336} 14,808] 15,132 32 2.1 03} 14,469] 14,777] 15,196] 13,182] +9.8
Transportation equipment 75,093| 74,597] 73,398] 40.7) +1.6] = +1.2} 75,309] 73,728] 73,869] 69,255] 48.7
Motor vehicles and parts . 16,909} 17,046] 16,686] -08| +22) +14] 17,036] 16553] 16612) 16,716] +19
Aircraft, missiles,
space vehicles, and parts. 52,460 51,927 51,114 +10 +16 +1.0 52,535 51,656 51,611 47,364] +109
Shipbuilding and tanks ... . . 1,730 1,778 1,694 27) 450) 437 1,730 1,761 1,703 595] +85
Instruments and related products . 26,683] 26,676} 26,797 00] 05] +10] 27,004) 26854] 27,131] 26,260] 42.8
Search and navigation equipment 6.786] 6,743] 6711] +06] +05] +17] 6,989] 6,827 6,808 6.779] +3.
Measuring and controlling devices . 8,034] 8.177] 8.299] -1.7 AS} +05] 8,125 8,255 8369] 8,178 -0.6
Medical instruments and Supplies 8,542 8,433 8,494 +13 0.7 412 8,553 8,426 8,574 8,177 +4.6
Photographic goods ... . 2,620 2,621 2,594 0.0 +1.0 40.4 2,634 2,633 2,669 2,492 +5.7
All other durable goods 27,810} 27,681] 27,846] +05 0.6] +05} 27,650] 27,424] 27,960] 25,987] +6.4
Nondurable goods industries .. . . 172,047} 171,558] 171,354 +03 +0.1 0.0] 171,918] 170,745] 172,136] 165,848 43.7
With unfilled orders . 41,588] 41,321] 41,156] +06] +04) +02] 42398] 41,671] 41,834] 40,454] +48
Food and kindred products 37,410| 37,427] 37,503 00] = -0.2 0.0| 36207] 35,844] 36.216] 35,011] 43.4
Meat products. 4,087] 4,088} 4,099 oo) 03) +11 4,091 4.143] 4,195 3,943] +38
Dairy products 3,802) 3,734] 3,837] +18 271 +05| 3,935 3,813 3,921 3,467| $13.5
Beverages . . 8130] 8129] 8121 oo) +01 0.0) 7,893 7,978 8,071 7318] +79
Alll other foods, except fi fats and oils 19,482] 19,614] 19,562 07} +03 02] 18,477] 18,139] 18,171} 18,667 -10
Tobacco products 5,696| 5,716] 5,779 03 li] +01 5,213 5.276] 5,537 5,349 25
Textile mill products ............ 10,266 10,253 10,254 +01 0.0 +03 10,404 10,327 10,586 10,264 +14
Broadwoven fabrics and
other textiles ....... . 6391 6,352) 6,381] +06 05) +03 6457] 6,346] 6,548 6302) +25
Paper and allied products... . 16,494} 16,498] 16,388 00] +07] +02] 16423] 16.462] 16618] 15,663]  +4.9
Pulp, paper, and
Paperboard mill products oo 6,702 6,699 6,590 0.0 +17 +0.7 6,640 6,647 6,645 6,345 +46
Paperboard containers and boxes . . 4335] 4311 4229! +06] +19) +04] 4,335 4300} 4,261 3,863] +122
Miscellaneous converted
paper products... ... 5,457 5,488 5,569} -0.6] —-1.5 -0.6 5,448] 5,515 5,712 5,455 0.1
Chemicals and allied products... . 46,464] 46,061 45,821 40.9 40.5 +0.5} 46,572] 46,035] 46,376] 42,399 +98
Industrial chemicals... . . . 20,436] 20,409) 20,474} +0.1 03] +01] 20.445] 20248] 20,484] 19,643} +4.1
Drugs, soaps, and toiletries . . . . 20,495] 20,199] 19.946] +415] +13] +06] 20,828] 20518] 20513] 17,810] +169
Petroleum and coal products . 10,952] 10,936] 11,169] +0.1 21 -2.0] 11,053] 11,094} 11,498] 12,517] -11.7
Rubber and plastics products 16,539] 16,697] 16,571 09} +408] +405] 16531] 16,743] 16,734] 16316] = +13
Alll other nondurable goods ....... 28,226] 27,970] 27,869) +09] +04 0.2) 29,515] 28,964] 28,571] 28,329] +42

* Preliminary. ‘ Revised.

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


10 Total Manufacturing

New Orders and Shipments
Three Month Moving Averages
Billions of Dollars

380 380
New Orders
360 F- - - - 4 Shipments |] 360
340 340
320 320
300 300
280 L i 1 1 L 1 1 1 1 1 i 1 L 280
Jul Sep Nov Jan Mar May Jul Sep Nov Jan Mar May Jul
Jul. 1996 - Jul. 1998
Total Manufacturing
Ratio of Unfilled Orders and
Inventories to Shipments

V/S Ratios UO/S Ratios
2.5 3.9
24 F----- 5 or rt rr tr rr rr rrr tt te ttt ttre vos |-} 3.8
2.3 “ts }43.7
2.2 3.6
2.1 3.5

2 3.4
1.9 3.3
1.8 3.2
1.7 3.1
1.6 3
1.5 2.9
1.4 2.8
1.3 2.7
1.2 1 L 1 i 1 1 i 1 1 it L i 1 2.6

Jul Sep Nov Jan Mar May Jul Sep Nov Jan Mar May — Jul
Jul. 1996 - Jul. 1998

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
July June May | June- | May- | Apr- July June May July | July
1998" 1998" 1998 | July | June | May 1998” 1998" 1998 1997 | 98/97
UNFILLED ORDERS
All manufacturing industries $29,847 | 529,548 | 533,470 | +0.1 07 -0.6 | 531,376 | $27,169 | 536,103 | 520,535 42.1
Market categories :
Automotive equipment . . 2,363 2,426 2,431 26) -02 0.1 2,361 2,368 2,398 2,549 74
Home goods and apparel 7,999 8,232 8,189 28] +05 0.1 8,435 8,444 8,392 9,337 9.7
Consumer staples ......... 2,297 2216 | 2179 | 43.7] +17 “18 2,757 2,212 2,018 2,656 43.8
Machinery and equipment - | 245,641 | 245,970 | 247,027 -0.1 -0.4 | +03 | 245,582 | 245,599 | 247,724 | 229,096 +72
Business supplies ............. 6,939 6,878 6,774 40.9 +15 03 7,338 7,002 6,903 7,231 +15
Construction materials
and supplies 18,158 | 18,205 | 18,276 03 -0.4 0.0 | 18,300 | 18,345 | 18,391 | 17,706 43.4
Defense products . . . 93,429 | 94,158 | 94,692 08] -06 -14 | 92,781 | 94,379 | 95,505 | 100,332 15
Other materials, supplies and
and intermediate products . 153,021 | 151,463 | 153,902 | +10] -16 -1.7 | 153,822 | 148,820 | 154,772 | 151,628 +14
Durable goods industries :
Nondefense capital goods * 262,572 | 262,987 | 264,339 -05 | +01 | 261,901 | 262,310 | 264,409 | 248,734 +53
Excluding aircraft and parts 104,445 | 104,725 | 105,327 -0.6 | +0.1 | 103,774 | 104,048 | 105,397 | 100,566 43.2
Defense capital goods * 98,544 99,344 99,993 0.6 Ll 97,896 99,666 | 100,958 | 105,094 68
Durables excluding capital goods 144,286 | 142,557 | 144,106 -ll 14 | 145,803 | 139,947 | 145,196 | 139,132 +48
Miscellaneous series :
Producers’ durable equipment . 285,075 | 286,048 | 287,186 03 -04 | +03 | 285,046 | 284,856 | 287,483 | 268,019 +64
Household durable goods : 5,109 5,348 $321 45] +05 | +02 $,297 5,292 5,283 6,382 | -17.0
Information technology industries 40,204 | 40,433 | 40,186 06] +06 | +12] 40,439 | 40,493 | 40,444 | 40,026 +10
Health care equipment
and products 9,664 9,272 9,130] +42] +16] +02] 9,662 8,928 9,227 7,880 | +226
TOTAL INVENTORIES
All manufacturing industries 468,057 | 466,701 | 465,729 | +03 | +02] +02 | 469,411 | 464,495 | 469,773 | 451,052 +4
Market categories :
Automotive equipment . . 8,584 8,532 8410 | +06] +15] +16 8,640 8,291 8,508 8,299 +4.1
Home goods and apparel 31,404 31,308 31,205 +03 +03 +0.2 32,336 32,304 32,296 31,451 42.8
Consumer staples : 73,090 | 72,821 | 72,887 | +04 “0.1 0.0 | 72,056 | 71,515 | 72,377 | 68,933 44.5
Machinery and equipment 120,048 | 119,419 | 119,143 +05 +0.2 +0.3 | 120,216 | 118,269 | 120,923 | 115,649 43.9
Business supplies . . 28,323 | 28,038 | 27,938 | +10] +04 -0.1 | 28,665 | 28,044 | 28,227 | 27,033 +6.0
Construction materials
and supplies 28,566 | 28,377 | 28,395 40.7 0.1 0.0 | 28,725 | 28,485 | 28,725 | 28,081 423
Defense products . : 18,577 | 18,172 | 18,044 | +22] +07} +15] 18,909 | 18,245 | 18312] 16,728 | +130
Other materials, supplies an
and intermediate products 159,465 | 160,034 | 159,707 04] +02 | +02 | 159,864 | 159,342 | 160,405 | 154,878 43.2
Durable goods industries
Nondefense capital goods * 112,204 | 111,859 | 111,412 | +03] +04 0.0 | 112,634 | 110,896 | 113,190 } 109,228 43.1
Excluding aircraft and parts 72,132 | 71,962 | 72340 | +02 0.5 -0.4 | 72,782 | 71,360 | 73,884 | 72,460 +04
Defense capital goods * ++ | 18,827 | 18,435 | 18,354] 421} +404] +14] 19,218 | 18535 | 18,642 | 16,973 | +132
Durables excluding capital goods 164,979 | 164,849 | 164,609 | +0.1 | 40.1 | +04 | 165,641 | 164,319 | 165,805 } 159,003 +42
Miscellaneous series
Producers’ durable equipment 192,408 | 191,731 | 191,128 +0.4 +03 +0.2 | 193,337 | 190,686 | 193,644 | 186,859 43.5
Household durable goods ++ | 15,882 | 15,819 | 15,767 | +04] +03 | +09 | 16180 | 16069 | 16,183 | 15,518 +43
Information technology industries 33,375 | 33,783 | 34,004 2] 09 -04 | 33,972 | 33,411 | 34,962 | 35,381 -4.0
Health care equipment
and products ..... 19,646 | 19,381 | 19,306 | +14] +04} +09] 19,835 | 19,543 | 19,690 | 17,844 | +112

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
July] June | May | June-} May-] Apr-] July} June] May} July | July
1998} 1998"| 1998] July} June] May] 19987] 1998} 1998] 1997] 98/97] 1998" | 1997
SHIPMENTS
All manufacturing industries 334,861] 335,110} 333,622] -0.1] +0.4) — -0.6] 302,251] 358,824] 333,343] 298,607] —+1.2] 2,316,680 }2,236,985
Market categories :
Automotive equipment 12,999} 13,216] 14,259} -1.6) 7.3) -0.6] 8,385] 13,796] 15,322] 9,802) -14.5] 96,832] 96,079
Home goods and apparel 19,360{ 18,978] 18,899} +2.0] +0.4] -1.3] 18,003} 19,997} 17,686] 17,187] +4.7] 128,616] 122,553
Consumer staples . 69,537] 69,586] 68,662) -0.1] +1.3} -0.6| 67,619] 71,757] 67,904} 65,659] +3.0] 474,221] 459,794
Machinery and equipment 62,820] 64,527| 63,150] -2.6] +22} -0.1] 52,549) 73,874] 61,885] 51,328] +2.4] 435,692] 400,276
Business supplies 25,691] 25,531] 25,554] +06] -0.1] +0.6| 24,242] 26,661] 25,431] 23,946) +1.2| 176,049} 172,426
Construction materials
and supplies ............5. 21,963] 21,852) 21,428] +0.5] +2.0] +0.1] 21,568] 23,494] 21,869] 20,911] +3.1] 149,142] 144,573
Defense products . : 6,744] 6,645] 6,922) +1.5  -4.0] -1.9| 6,012] 7,207] 6,732) 5,972) +0.7) 46,811] 45,138
Other materials, supplies an
and intermediate products . 115,747] 114,775] 114,748] +08] 0.0] -1.0} 103,873] 122,038] 116,514] 103,802) — +0.1] 809,317] 796,146
Durable goods industries :
Nondefense capital goods * 51,078] 52,405] 50,586] -2.5]  +3.6, +0.) 43,977] 61,884) 47,843) 41,807] +5.2] 348,715) 314,762
Excluding aircraft and parts 43,885] 45,014] 42,980] -2.5] +4.7)  -0.1] 37,499) 53,557] 40,601] 35,233) +6.4| 297,860} 269,612
Defense capital goods * + 6.463) 6,304] 6,558] +25] -3.9] -2.8) 5,694] 6,881] 6,373] 5,553] +2.5) 44,379] 42,552
Durables excluding capital goods . | 128,344] 127,827] 128,645] +04] -0.6]_—-0.7} 108,918] 135,977] 131,593} 108,832] +0.1] 895,319] 866,016
Miscellaneous series :
Producers’ durable equipment 119,659] 120,618] 120,481] -0.8] +0.1) +0.1) | 97,394] 134,328] 120,628] 95,781] +1.7) 831,608] 781,596
Household durable goods . . 5720) 9,482) 9,258] +2.5] +24) 0.5 8,433) 10,157] 8,738} 7,593] +11.1] 63,170] 58,010
Information technology industries 24,551] 25,298] 24,209] -3.0} +4.5] -0.3] 20,062] 31,310] 21,978) 19,130) +4.9] 164,097] 147,946
Health care equipment
and products : 12,081} 12,261] 11,635] 1.5] +54} -0.7] 11,305) 13,091] 10,975] 10,361) +9.1] 81,096) 74,331
NEW ORDERS
All manufacturing industries 335,160] 331,188] 330,233} +12] +0.3] — -2.2) 306,458} 349,890] 327,550] 298,815] — +2.6} 2,316,498 |2,248,568
Market categories :
Automotive equipment . . 12,937] 13,212| 14,256] -2.1] -7.3) -0.1] 8,378] 13,765] 15,257] 9,879) -15.2] 96,707] 96,306
Home goods and apparel 19,128] 19020} 18,891] +06] +0.7}  +0.3] 17,995] 20,048] 17,851) 17,979] +0.1] 128,494] 124,742
Consumer staples .......... 69,618] 69,623] 68,622] 0.0] +15] -0.7| 68,165] 71,952{ 67,878] 66,032) +3.2] 474,930] 460,366
Machinery and equipment . 62,491] 63,470] 63,803) -1.5 0.5] -0.8} $2,533] 71,748] 62,575} 51,369 42.3] 438,532] 404,243
Business supplies... . . . 25,751] 25,635] 25,537] +0.5} +04) +04) 24,578] 26,759] 25,559) 24,159] +1.7] 176,955] 173,170
Construction materials
and supplies : 21,916] 21,781] 21,424] +06) +1.7} 0.8) 21,523] 23,448] 21,792) 21,238 13] 149,816] 145,871
Defense products : 6,015] 6,111] 5,621] -1.6]  +8.7] -20.1] 4,414] 6,081] 4,457) 4,341 1.7] 42,047] 40,468
Other materials, supplies and
and intermediate products . . 117,304] 112,336] 112,079] +4.4] +0.2) — -4.1] 108,872] 116,089] 112,181] 103,818] — +4.9] 809,017] 803,402
Durable goods industries :
Nondefense capital goods * . 50,663} 51,053] 50,834] -0.8| +041 -0.8) 43,568] 59,785] 47,891] 41,350] +5.4] 349,400] 316,325
Excluding aircraft and parts 43,605] 44,412] 43,052] -1.8] +3.2] +1.2) 37,225] 52,208] 40,473) 36,656] +1.6] 298,462] 273,958
Defense capital goods‘ ..... 5,663] 5,655] 5,397] +0.1]  +4.8] -21.4) 3,924] 5,589] 4,196] 3,796] +#3.4) 40,059) 37,942
Durables excluding capital goods. | 130,073] 126,278] 126,546] +3.0] 0.2} -3.3] 114,774] 130,728) 128,078] 110,186] +42} 898,220] 877,698
Miscellaneous series :
Producers’ durable equipment 118,686] 119,480} 121,218] -0.7| -1.4] 0.0] 97,584] 131,701] 121,272] 97,392] +0.2| 833,540] 789,220
Household durable goods 9,481] 9,509] 9,271] 0.3) +2.6 +2.4} 8,438] 10,166] 8,872] 8,366) +0.9] 62,684] 59,938
Information technology industries 24,3221 25,545] 24.675} -4.8}  +3.5]  +3.7] 20,008] 31,359] 22,732] 20,116) —-0.5] 166,566] 151,763
Health care equipment
and products 12,473} 12,404] 11,650] +0.6] +6.5] — -2.5] 12,039] 12,792] 11,059] 10,487] +14.8) 82,293] 74,656

° Preliminary. ‘ Revised.

Topical series are regroupings of the separate industry categories.

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

> Nondefense capital goods industries include : ordnance and accessories; steam, gas and hydraulic turbines; internal combustion engines; construction, mining, and materia
handling equipment; metalworking machinery; special industry machinery; general industrial machinery; computer and office equipment; refrigeration, heating and servic
industry machinery; electrical transmission and distribution equipment; electrical industrial apparatus; communications equipment; aircraft, missiles, space vehicles, and engine

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

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

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

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


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

Inventory / Shipments ratio Unfilled Orders / Shipments ratio"
Industry July June May Apr. July June May Apr.
1998? 1998" 1998 1998 1998” 1998" 1998 1998
All manufacturing industries... . . . 1.40 139 1.40 138 2.73 2.74 2.79 2.79
Durable goods industries ...... 1.59 1.58 1,58 1.57 3.24 3.24 3.31 3.31
Stone, clay, and glass products . . 13 113 114 11s 0.84 0.84 0.82 0.84
Primary metals . sees 1.65 1.64 1.61 1.57 2.16 2.19 2.21 2.18
Fabricated metal pr . . 134 136 154 1.56 1.42 1.46 1.46 148
Industrial machinery and equipment . 1.61 1.61 1.67 1.66 2.03 2.04 2.14 214
Electronic and other
electrical equipment . . 131 132 139 138 1.93 1.86 1.95 1.95
Transportation equipment...) . |... 1.88 183 1.68 1.65 11.08 10.80 10.44 10.41
Instruments and related products . . 1.90 188 1.94 192 3.46 3.43 3.54 3.56
Nondurable goods industries ........ 11S 11s 1.16 11s 0.64 0.65 0.66 0.67
Food and kindred products |... |. 092 0:92 0.93 0.92 (X) (X) (X) (x)
Tobacco products ............. 1.66 1.61 1.69 1:70 &) (x) (X) (x)
Textile mill products... : fee 149 154 152 1:30 (NA) (NA) (NA) (NA)
Paper and allied products... . a 118 119 118 117 (NA) (NA) (NA) (NA)
Chemicals and allied products... : ; 141 1.40 141 141 () &) (X) ()
Petroleum and coal products... |. 0.90 0.88 0.89 0.89 (x) (x) (xX) (X)
Rubber and plastics products |: : . . 1.26 128 127 1.25 &) (X) (xX) &)

* 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; appare! and related products; chemicals,
petroleum and coal products; and rubber and plastics products.

Table 9. REVISIONS TO PREVIOUSLY PUBLISHED MONTHLY PERCENT CHANGES
(Based on seasonally adjusted data)

Shipments New orders Unfilled orders Inventories
Industry
July July July July
July? | 1997- July? | 1997- July? | 1997- July? | 1997-
July! | 1993.) June | July! | 1993- | June | July! | 1993-} June | July! | 1993-] June
1998 | 1997 | 1998] 1998} 1997] 1998 | 1998] 1997] 1998| 1998] 1997] 1998
All manufacturing industries ..... . () 0.1 0.2 a9) 02 0.2 (xX) 01 0.1 (x) 01 0.1
Durable goods industries ...... on -0.1 03 0.2 0.5 03 03 0.2 Ol 0.0 (X) 0.1 Ol
Stone, clay, and glass products (x) 04 03 (X) 14 0.7 (X) 1.0 07 (X) 0.1 02
Primary metals... 0.2.0... 0.0 01 03} 0.1 0s 06) 0.1 03 02 &) 02 Oo.
Fabricated metal products on ) 03 02 &) 03 03 (X) 02 02 () O1 O.
Industrial machinery and equipment 02 02 03] 0.1 03 03 0.1 01 Ol &) 02 On
Electronic and other

electrical equipment “ll 0s os} -20 08 08 -0.6 03 03 & 0.1 01
Transportation equipment : 0.0 07 05 0.6 0.8 06 0.0 01 01 &) 02 03
Instruments and related products | |. : (x) 04 05 &) 13 12 (x) 02 03 & 02 Ol
Nondurable goods industries .... . . (Xx) 0.0 02 & 0.1 02 (x) 0.1 02 (x) Ol 0.0
Food and kindred products (X) 04 04 (Xx) (X) (X) (Xx) (Xx) (X) (Xx) 0.1 02
Tobacco products : &) 0.0 0.0 &) ¢ (X) & (X) x) ro) 0.0 01
Textile mill products... |: (x) 03 03 & | way] aay | Nay] ea) & 0. 0.1
Paper and allied products . .. . & 03 02 X A) (NA) (X) | (NA) (NA) (X) 0.1 0.1
Chemicals and allied products (xX) 03 03 (X) (X) (Xx) (Xx) (X) (x) (x) 0.2 0.1
Petroleum and coal products (x) 02 02 (xX) (x) (x) (x) (x) (xX) (X) 02 0.4
Rubber and plastics products . &) 0.2 02 (Xx) (x) (x) &) &) (x) (x) 0.1 01

Capital goods industries
Nondefense ...... 0.0 02 03 0.6 06 os} 0.1 Ol 0.1 ) 0.1 02
Defense . 0.0 06 09 02 26 24 0.0 02 02 &) 02 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

oe
eB

Manufacturers’ Shipments,
Inventories, and Orders

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

July 1998
-1-(98)-07
For Wire Transmissions 10:00 a.m. E.D.T. September 2, 1998

For Data - (301) 457-4673
For Questions - Kathy Menth or Lee Wentela
(301) 457-4804 or (301) 457-4852

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

Summary

New orders for manufactured goods in July increased $4.0
billion of 1.2 percent to $335.2 billion, the Department of Commerce,
Bureau of the Census reported today. This follows a 0.3 percent
June increase and is the fourth increase in the last five months.
Excluding transportation, new orders increased 1.4 percent, the fifth
increase in the last six months. Year to date, new orders are 3.0
percent above the same period a year ago.

Shipments decreased $0.2 billion or 0.1 percent to $334.9
billion, following a 0.4 percent June increase. This is the third
decline in the last four months. Year to date, shipments are 3.5
percent above the same period a year ago.

Unfilled orders, up for the first month since April, increased
$0.3 billion or 0.1 percent to $529.8 billion, following a 0.7 percent
June decrease. ¢ unfilled orders-to-shipments ratio was 2.73,
down from 2.74 in June.

Inventories increased $1.4 billion or 0.3 percent to $468.1
billion. This is the eighteenth increase in the last nineteen months.
The inventories-to-shipments ratio was 1.40, up from 1.39 in June.

New Orders

New orders for manufactured durable goods in July
increased $3.4 billion or 1.9 percent to $186.4 billion, revised
from the previously published 2.4 percent increase. This follows
a 0.1 percent June increase and is the third increase in the last
four months.

Electronic and other electrical equipment, up four of the last
five months, had the largest increase, $3.0 billion or 10.0 percent
to $33.1 billion; an increase in electronic components more than
offset a decline in communication equipment. This follows a 3.2
percent June increase. Instruments and related products, down
two of the last three months, decreased $0.2 billion or 1.3 percent
to $14.0 billion. This follows a 7.3 percent June increase.

New orders for nondurable goods, up for the second
consecutive month, increased $0.6 billion or 0.4 percent to
$148.8 billion. This follows a 0.5 percent June increase.
Printing, publishing, and allied industries and textile mill products
had the largest increases.

Shipments

Shipments of durable goods in July decreased $0.7 billion or 0.3
percent to $185.9 billion, revised from the previously published 0.2
percent decrease. This follows a 0.4 percent June increase and is the
third decrease in the last four months.

Transportation equipment, down for the fourth consecutive
month, had the largest decrease, $1.0 billion or 2.4 percent to $39.9
billion. This follows a 6.2 percent June decrease. Fabricated metal
products, up for the third consecutive month, increased $0.4 billion
or 2.2 percent to $20.2 billion. This follows a 0.1 percent June
increase.

Shipments of nondurable goods, up for the second consecutive
month, increased $0.4 billion or 0.3 percent to $149.0 billion,
following a 0.5 percent June increase. The largest increases were in
printing, publishing, and allied industries and textile mill products.
Petroleum and coal products had the largest decline.

Unfilled Orders

Unfilled orders for durable goods in July increased $0.5 billion
or 0.1 percent to $505.4 billion, revised from the previously
published 0.3 percent increase. This follows a 0.7 percent June
decrease and is the first increase since April. Electronic and other
electrical equipment had the largest increase, $2.2 billion or 3.8
percent to $59.5 billion. This follows a 1.4 percent June decrease
and is the first increase since April. Transportation equipment, down
five of the last six months, decreased $0.6 billion or 0.2 percent to
$250.7 billion. This follows a 0.6 percent June decrease. Primary
metals decreased $0.6 billion or 1.9 percent to $32.4 billion. This
follows a 1.8 percent June decrease and is the fifth consecutive
monthly decline.

Inventories

Inventories of durable goods in July increased $0.9 billion or 0.3
percent to $296.0 billion, following a 0.3 percent June increase. This
is the seventh consecutive monthly increase and the seventeenth in
the last nineteen months. Transportation equipment, up for the
seventh consecutive month, had the largest increase, $0.5 billion or
0.7 percent to $75.1 billion. This follows a 1.6 percent June
increase. Electronic and other electrical equipment had the largest
decrease, $0.4 billion or 1.0 percent to $40.4 billion. This follows a
10 percent June decrease and is the third consecutive monthly

lecrease.

Inventories of nondurable goods, up seven consecutive months,
increased $0.5 billion or 0.3 percent to $172.0 billion, following a 0.1
percent June increase. Chemicals and allied products had the largest
increase, $0.4 billion or 0.9 percent to $46.5 billion. This follows a
0.5 percent June increase and is the seventeenth increase in the last
eighteen months.

By stage of fabrication, July finished goods increased 0.7
percent in durables and 0.3 percent in nondurables. Work in process
increased 0.1 percent in durables and decreased 0.1 percent in
nondurables. Materials and supplies increased 0.2 percent in
durables and 0.4 percent in nondurables.

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

The advance report on durable goods for August is scheduled for September 24, 1998 at 10:00 a.m. and the full report on October 2, 1998 at 10:00 a.m.
For sale by the Superintendentof Documents, U.S. Government Printing Office, Washington, DC 20402. This report is availableon the day of issue through
the Department of Commerce’s online Economic Bulletin Board (N-8-1) (202-482-3870)


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

Billions of Dollars

New Orders
S2E| ——__ + ---------- ree ef XK ee ee 452
Shipments
47} - ----- 2-2 re ee ~~ - ee ee eee 447
42ps<2--------------------------------------- 442
37 F------ +2 - reer ee ee ee ee eee eee ee ee ee eee eee 4 37
1 i 1 1 L i 1 i L L i l i
Jul Sep Nov Jan Mar May Jul Sep Nov Jan Mar May — Jul
Jul. 1996 - Jul. 1998
Defense Capital Goods
New Orders and Shipments
Three Month Moving Averages
Billions of Dollars
10 10
gL------------------------------------- New Orders) Ig
Shipments

Jul Sep Nov Jan Mar May Jul Sep Nov Jan Mar May — Jul
Jul. 1996 - Jul. 1998

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
July June May | June- | May- | Apr- July June May July | July
1998" 1998" 1998 | July | June | May 1998" 1998" 1998 1997 | 98/97
MATERIALS AND SUPPLIES
All manufacturing industries... . . 155,980 } 155,572 | 154,704 | +03] +0.6 | +01 | 156,303 | 154,597 ] 154,112 | 150,098 +41
Durable goods industries... . 93,358 | 93,198 | 92,778 | +02] +05 | +03 | 93,722 | 92,252 | 92,159 | 89,636 +46
Stone, clay, and glass products . 031 3,001 2962 | +10] +13 06 | 3,044 3002 | 2,956 , 42.8
Primary metals ©. ...... 8,087 | 8,045 7913. | +05 | +17] +06] 8087 | 7,896 | 7,686 | 7,869 42:8
Fabricated metal products. J] 10841 | 10,728 | 10,506 | +11] 42.1 -13 | 10857 | 10,718 | 10,412 | 10,150 470
Industrial machinery and equipment 19,776 | 19,807 | 20,013 02]  -10 20.1 | 193859 | 19658 | 20,157 | 19,515 +18
Electronic and other
electrical equipment .. . 15,699 | 15,710 | 15,750 -0.1 -03 | +11] 15,924] 15,587 | 15,774 | 15,687 415
Transportation equipment . 15813 | 15671 | 15315 | +09 | +423 | +04 | 15964 | 15,512 | 15,217 | 14,906 471
Instruments and related products . 9,225 9307 | 9338 09} 08 | +14] 9,281 9371 9,465 8,556 48.5
Lumber, furniture and
miscellaneous durable goods 10,886 | 10,929 | 10,939 -0.1 | 40.7} 10,706 | 10,508 | 10,492 | 9,991 472
Nondurable goods industries 62,622 | 62,374 | 61,926 +0.7 -0.3 | 62,581 } 62,345 | 61,953 | 60,462 435
Food and Kindred products « 141s | 11331 | 11,176 414 -04 | 11184 | 115189 | 11,046 | 10,704 +45
Tobacco products... . 4906 | 4949 994 09 | 02} 4597] 4,679 4875 | 4,753 33
Textile mill products . 2980 | 2,988 | 2,999 04] +11 3,030 | 3,010 | 3,092 | 3,085 -18
Paper and allied products 8142 | 8116 | 7,986 +16 02 | 8072 | 8,059 7,981 7,581 +65
Chemicals and allied products": 157353 | 15,329 | 15,119 +14 03 | 15485 | 15,481 | 15,187 | 14,597 +61
Petroleum and coal products 3,387 3204 | 3,343 42 21 3396 | 3,254 43 3,769 99
Rubber and plastics products 6,768 | 6,788 | 6,721 +10} +04 | 6,832 | 6,781 6,724 | 6,473 +55
Apparel, printing and publishing
and leather goods .......----- 9,671 9,669 | 9,588 +08} 03} 9,985 | 9,892 | 9,609 | 9,500 45.1
WORK IN PROCESS
All manufacturing industries 151,338 } 151,248 | 150,901 | +01 | +02 | +04 | 151,942 | 149,912 | 151,984 | 144,050 455
Durable goods industries... . 121,525 } 121,420 | 121,101} +01 | +03 | +05 | 122,311 | 120,691 | 122,388 | 116,206 453
Stone, clay, and glass products 1,356 3316 1304 | +30] +09] +04 1,374 13334 1355 1242 | +106
Primary metals -..... . 8,575 8526 | 8610 | +06] -10 -0.6 | 8,689 | 8,511 8,666 8,966 3.1
Fabricated metal products : 9,064 | 9,079 | _ 9,012 02] +07] +06] 9,161 9,099 | 9086 | 8,732 +49
Industrial machinery and equipment | 22,740 | 22,736 | 22,884 00] -06 | +03 | 22.917 | 22,621 | 23,264 | 22,399 423
Electronic and other
electrical equipment 14,165 | 14,544 | 14,677 26} -09| -17 | 14,282 | 14,602 | 14,911 | 13,903 42.7
Transportation equipment . 50280 | 499925 | 49279 | +07] +13 | +14 | 50,233 | 49,145 | 49,627 | 45,151 | +113
Instruments and related products - 10,021 9967 | 10.020] +05] -05 | +07] 10,274 } 10,040 | 10,124 | 10,547 -26
Lumber, furniture and
miscellaneous durable goods 5,324 5,327 | 5,315 ol} 402 | +02] 5,381 5,339 | 5,355 5,266 42.2
Nondurable goods industries . 29,813 | 29,828 | 29,800 -o.1 | +01 | +02 | 29,631 | 29,221 ] 29,596 | 27,844 +64
Food and Kindred products 5,843 5,812 5814 | +05 00 | 02 247 5,278 273 5,027 +44
Tobacco products . . . 122 119 122] 425) -25 | +17 114 105 11 112 +18
Textile mill products . 2,671 2,668 | 2,641 | +01] +1.0 17} 2,684 | 2,641 2,664 | 2,683 0.0
Paper and allied products . 1,574 1,575 1,637 0.1 3.8 -18 1,587 1,584 1,662 1,557 +19
Chemicals and allied products 698 8690 | 81683 | +01 | +01 | +10 | 8,828 8717 8850 | 7463 | +183
Petroleum and coal products 2578 | 2612 | 2,659 AZ] -18 09 | 2573 | 2,612 | 2,734 | 2,760 68
Rubber and plastics products. . 2158 | 2241 2174 37) 431 27) 2121 2180 | 2,165 2/205 38
Apparel, printing, and publishing
and leather goods . . . 6,169 | 6,111 6070 | +09] +07 | +23 | 6477 | 6,104 6,137 | 6,037 473
FINISHED GOODS
All manufacturing industries... . 160,739 | 159,881 } 160,124} +05] -02 161,166 | 159,986 | 163,677 } 156,904 42.7
Durable goods industries... . . | 81,127 | 80,525 | 80,496 | +0.7 0.0 81,460 | 80,807 | 83,090 | 79,362 426
Stone, clay, and glass products « . 4,767 ,793 4,826 05}  -0.7 4813 | 4,889 | 5,037 | 4,886 “15
Primary metals -.... fees 8,082 8,041 7942 | +05 | +12 8,067 8,057 8116 663 +53
Fabricated metal products . . 11,081 | 10,942 ] 10942 ] +13 0.0 11,192 | 11,254 | 11,333 | 10,430 473
Industrial machinery and equipment 18,613 | 18,357 | 18184 | +14] +10 181524 | 17/954 | 18,623 | 18,160 42.0
Electronic and other
electrical equipment .. . 10,547 | 10,564 | 10,809 02] 23 10,740 | 10,562 | 11,301 | 11,138 3.6
Transportation equipment . 97000 | 9,001 8,804 00 | +22 91 9,071 97025 | 9,198 -09
Instruments and related products - 7,437 7,402 7397 | +05] +01 7,449 | 7,443 7,542 7187 44.1
Lumber, furniture and
miscellaneous durable goods 11,600 | 11,425 | 11,592] +15] -14 11,563 | 11,577 | 12,113 } 10,730 +78
Nondurable goods industries . . . . 79,612 | 79,356 | 79,628 | +03} -03 79,106 | 79,179 | 80,587 | 77,542 42.8
Food and Kindred products . 20,152 | 20,284 | 20,513 07] -L1 19,776 | 19,377 | 19,897 | 19,280 42.6
Tobacco products . . . 668 648 663 | +3.1 23 502 492 551 484 43.7
Textile mill products . 4615 | 4,597 | 4,614] +04] -04 4,690 | 4,676 | 4,830 | 4,496 +43
Paper and allied produ 6,778 | 6,807 | 6,765 04] +06 6,764 | 6,819 6.975 | 6,525 43.7
Chemicals and allied produ 22:13 | 22,042 | 22,019 | +17] +01 22259 | 21,837 | 22,339 | 20,339 49.4
Petroleum and coal products 4987 | 5,120 | 5,167 261 09 5,084 5,228 32: 5988 | -15.1
Rubber and plastics products 77613 7,668 | 7,676 07) 01 7578 | 7782] 7,845 7,638 -08
Apparel, printing and publishing
and leather goods . . . 12,386 | 12,190 | 12,211 | +16 | -0.2 13,053 | 12,968 | 12,825 | 12,792 +20

® 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
(Millions of dollars)
Seasonally adjusted Not seasonally adjusted
Industry Monthly Percent Change Monthly Percent
change
July June May| June-}  May-{—Apr.- July June May July July
1998" 1998" 1998 July| June] May 198” 1998" 1998 1997] 98/97
All manufacturing industries . . . . 529,847] 529,548] 533,470] —+0.1 0.7 -0.6| 531,376] 527,169] 536,103] 520,535} = +2.1
Manufacturing industries
without defense capital goods -» | 431,303] 430,204] 433,477) +03 -08 -0.5} 433,480] 427,503] 435,145] 415,441] +43
Durable goods industries 505,402 | 504,888] 508,438 +0.1 -0.7 -0.6| 505,600] 501,923] 510,563) 492,960 $2.6
Stone, clay, and glass products 6,480 6,414 6,255 +10 42.5 -1.0 6,535 6,449 6,302 6,616 12
Primary metals veeee 32,395] 33,007] 33,603 +19 -18 07) 32,122] 32,915] 34,243] 32,700 -18
Blast furnaces, stect mills 13,447 14,021 14,295 41 -19 +0.6 13,315 13,958 14,701 13,368 0.4
Iron and steel foundries. . . 5,535 5,630 5,804 “17 30] +01 5,514 5,667 5,886 5016]  +9.9
Nonferrous and other primary
metals . . 13,413] 13,356] 13,504} +04 “ld 24] 13,293] 13,290] 13,656] 14,316 7.1
Fabricated metal products. ........ | 26976] 27,121] 27,154 -0.5 -0.1 04] 27,275] 27,195} 27,195} 26,351] +3.
Industrial machinery and equipment 72,594] 72,857| 73,850 04 -13 04] 71,743] 71,967] 73,816 | 73,100 “19
Engines and turbines 921} 11,524] 11846) +34 27 22) 1491} 10,912} 11,217] 11,506 0.1
Construction, mining and
material handling equipment. . . 11,160] 11,348] 11,349 “17 oo] +08] 10,871] 11,372] 11,574 9,089} +196
Metalworking machinery 7,325 1272 7379|  +0.7 “15 -0.6 7,325 7272 1,379 7,935 “11
Computer and office equipment . . 7,800 1,857 7,834 07} +03] +03 8,031 7,922 8,061 9,132] -12.1
Electronic and other
electrical equipment : 59,484] 57,289 | 58,099] -+3.8 14 Ll] 60,601] 55,291] 58,412] 52,205] +16.1
Electrical transmission and
distribution equipment and
industrial apparatus . . _ 6,433 6,477 6,421 0.7| +09] +01 6,450 6,465 6,505 6,959 73
Electric lighting and
wiring equipment . ... . 5,229 $,237 5,317 -02 +18 5,229 $,237 $317 4,726] +106
Communications equipment 17210] 17,360} 17,321 -0.9 +55| 17,201] 17,359] 17,335} 14,848] -+15.8
Electronic components ...... - 24.716] 22,194] 22,943} +114 -55| 25,887] 20,278] 23201) 19,415] +333
Transportation equipment . . . . . . 250,704 | 251,327] 252,835 -0.2 -0.4| 250,220] 251,320] 253,445] 243,290] +2.8
Aircraft, missiles,
space vehicles, and parts. +. | 215,979] 216,211] 218,389 -1.0 -0.2| 215,460] 216,401] 219,208] 210,597] +23
Shipbuilding and tanks _ 17,439] 17,964} 17,325 437 33) 17,484] 18,032] 17,274] 18,180 3.8
Instruments and related products . . . . 48,696 | 48,733 | 48,743 0.0 -L1] 48,595] 48,580} 48,977] 50,359 3.5
Search and navigation equipment 27,805 | 28,176] 28,017 +06 -1.0] 27,685] 28,309] 28,149] 29,696 68
Measuring and controlling devices . 10,257] 10,124] 10,312 -18 -26| 10,257] 10,124] 10,312] 10,715 43
Medical instruments and supplies 9,623 9,230 9,088 +16] +02 9,618 8,885 9,185 7,838) 422.7
All other durable goods . o 8,073 8,140 7,899 43.1 +05 8,509 8,206 8,173 8,339 +2.0
Nondurable goods industries . . | 24,445] 24,660} 25,032 09 AS -15} 25,776] 25,246] 25,540] 27,575 6.5

* 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
July} June} May | June-] May-{ Apr-] July] June] May} July} July
1998] 1998] 1998] July | June} May] 1998°} 1998" 1998] 1997] 98/97] 19987 | 1997
All manufacturing industries... . . | 335,160] 331,188] 330,233] +1.2] +0.3| — -2.2) 306,458] 349,890] 327,550] 298,815]  +2.6]2,316,498 |2,248,568
Manufacturing industries
with unfilled orders . . . + - «| 194,419] 189,515] 187,974] 42.6] +0.8] 3.2) 176,571] 201,963) 182,231] 165,694] +6.6] 1,324,403 }1,261,506
without defense capital goods... . | 329°497| 3257533] 324,836] +1.2| +02) -1.8] 302,534] 344,301] 323,354] 295,019] +2.5]2,276,439 [2,210,626
Durable goods industries .........| 186,399] 182,986] 182,777] +1.9 -3.3| 162,266] 196,102] 180,165] 155,332] +4.5] 1,287,679]1,231,965
With unfilled orders... 156,277} 152,130] 150,578} +2.7 3.8] 139,225] 163,705] 145,743] 129,439] +7.6| 1,065,277 }1,012,522
Stone, clay, and glass products eee 8,146] 8,192) 7,919] -0.6 +0.6] 8,283] 8,859] 8,109] 7,584 +9.2) 55,265} 51,648
Primary metals... a 14,404} 14,453 14,940] -0.3 -3.3| 12,827] 14,514) 14,642) 15,212] -15.7] 106,588] 114,177
Blast furnaces, steel cesses} 5,447] 5,850] 6.286] -6.91 43.1) 48281 5,682] 6,172] 6,228] -22.5} 43,604] 46,903
Iron and steel foundries... . . 1,379) 1,278) 1,486] +7.9 +14) 1,088} 1,333] 1,481] 1,277] -14.8] 10,650] 10,349
Nonferrous and other Primary
metals... ... 7,578] 7,325] 7,168] +35] 2.2) -9.2) 6,911] 7,499} 6,989} 7,707] -10.3} $2,334] 56,925

Fabricated metal products | 20,041] 19,722] 19,630] +1.6} +0.5) = -1.9] 18,128] 20,951] 20,089} 17,410 +4.1) 137,706] 131,414
Industrial machinery and equipment 37,641} 36,922] 36,244) +19) +1.9{  -1.7| 31,982} 43,007] 34,900} 30,238 +5.8) 255,764] 232,787

Engines and turbines ......... 2,640] 1,988) 2,013] +328) -1.2) 17.6] 2,187] 2,524) 1,877) 1,581] +383] 14,134] 11,943
Construction, mining and

material handling equipment ....] 4,384] 4,580) 4,356} -4.3] | +5.1] +2.7} 3,695] 4,794] 4,197} 3,393] -+8.9] 30,893] 26,979
Metalworking machinery ..... 3,511] 3,323] 3,373] +5.7] 1.5] -2.2} 2,983] 3,729] 3,306] 2,848] +4.7] 23,219] 22,423
Computer and office equipment ...] 11,141] 11,213] 10,447] -0.6| +7.3) -2.5] 8,720) 15,123} 9,112] 7,435] +173] 72,116] $9,972
Electronic and other

electrical equipment ........... 33,082) 30,072) 29,144] +10.0] +3.2} -8.1] 31,946] 30,788} 27,052] 23,298] +37.1| 212,486] 196,936

Electrical transmission and
distribution equipment and

industrial apparatus ...........| 3,764] 3,656] 3,527] +3.0] +3.7] +35] 3,377] 3,946] 3,413] 3,171] +6.5} 25,237] 23,908
Electric lighting and
wiring equipment ............] 2,231] 2,117] 2,307] +5.4) 8.21 -0.6f 1,872] 2,163) 2,288) 2,028} -7.7) 15,431] 14,884
Communications equipment... . 6,381 7,315] 7,880) -12.8} -7.2} +17.8] 5,266] 8,617] 7,264] 5,281} = -0.3| 48,371] 43,409
Electronic components . . . 15,372] 11,844] 10,484] +29.8] +13.0] -25.5] 16,820] 10,597] 9,349] 8,462] +98.8] 88,741] 79,420
Transportation equipment ..... . . 39,247] 39,349 42,422) 0.3] -7.2| -4.5] 27,431] 41,140} 43,299] 28,993] -5.4] 290,819] 279,374
Aircraft, missiles,
space vehicles, and parts... . 10,314} 8,480] 10,760} +21.6] -21.2| -16.1] 8,435} 9,059] 9,431] 6,665} +26.6] 71,612] 63,007
Shipbuilding and tanks . : 362} 1,592] -250{ -773) 536.8) -57.2| 284) 1,835 284] 419] 32.2] 5,345] 4,917
Instruments and related products ....| 14,019} 14,199] 13,228] -1.3] +73} -3.7] 12,618 15,244] 12,892] 13,733] -8.1] 94,716} 94,461
Search and navigation equipment 2,702] 3,195] 2,677] -15.4] +19.4}  -5.8] 2,129] 3,481] 2,414] 3,431] -37.9] 19,164] 19,665
Measuring and controlling devices 4,220] 3,868] 3,880] +9.1]  -0.3] -1.0] 3,696 4,162] 3,864) 3,761] 1.7] 27,665) 28,561
Medical instruments and supplies 4872| 4,818] 4,313] +11] +117] -72) 4,810| 4,879} 4,201] 4,000] +20.3] 32,017] 28,918
Alll other durable goods .......... 19,819] 20,077] 19,250] 1.3] +43] +2.2] 19,051] 21,599} 19,182} 18,864] +1.0) 134,335] 131,168

Nondurable goods industries .

148,761] 148,202] 147,456] +0.4) +0.5] — -0.8) 144,192} 153,788] 147,385} 143,483 +0.5] 1,028,819 |1,016,603
With unfilled orders . .

38,142} 37,385] 37,396} = +2.0) 0.0) = -0.5] 37,346} 38,258] 36,488) 36,255 +3.0} 259,126] 248,984

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

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

Note : Estimates of manufacturers’ shipments, inventories and orders are subject to survey error and revision. One major component of survey error is nonsampling error,
which includes errors of coverage, response, and nonreporting. Since the survey panel is not a probability sample, estimates of sampling error cannot be calculated. Further
details on survey design, methodology, and data limitations are contained in our most recent annual benchmark publication, Current Industrial Reports: M3-1(96),
"Manufacturers’ Shipments, Inventories, and Orders: 1987-1996."


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
July} June} May | June-| May-| Apr-] July} June | May July} July
1998 1998" 1998| July} June} May] 1998" 1998" 1998 1997 | 98/97 1998" 1997
All manufacturing industries . 334,861] 335,110] 333,622| -0.1] +0.4] — -0.6] 302,251] 358,824] 333,343} 298,607) +1.2} 2,316,680 |2,236,985
Manufacturing Industries
with unfilled orders + 194,120] 193,437] 191,363] +04) +1. -0.4] 172,364] 210,897} 188,024) 165,486 $4.21 1,324,585 }1,249,923
without defense capital goods. 328,398] 328,806] 327,064] -0.1]  +0.5) -0.5| 296,557] 351,943] 326,970] 293,054] +1.2] 2,272,301 2,194,433
Durable goods industries ....... 185,885} 186,536] 185,789] -0.3]  +0.4] — -0.6 158,589] 204,742] 185,809} 156,192} +15] 1,288,413 }1,223,330
With unfilled orders ve 155,763] 155,680] 153,590] +0.1] +14] -0.6| 135,548) 172,345] 151,387] 130,299) +4.0] 1,066,011 }1,003,887
Stone, clay, and glass products . 8,080 8,033] 7,982) +0.6) +06) +1.1 8,197 8,712 8,258) 7,762 45.6 $4,906] 51,536
Primary metals . . oe 15,016} 15,049] 15,176] -0.2 0.8] -2.2] 13,620] 15,842] 15,551] 14,462] -5.8} 108,804) 110,744
Blast furnaces, steel mills 6,021 6,124) 6,200) -1.7| -12) -2.5) 5,471 6,425) 6,355) 5,915] “15 44,647} 45,435
Iron and steel foundries 1,474) 1,452 1,479) +1.5) 18) -2.2) 1,241 1,552 1,570 1,200 +34 10,612 9,635
Nonferrous and other primary
metals ....... 7,521 7,473) 7,497, +0.6} 03) -2.0] 6,908) 7,865) 7,626) 7,347: 6.0 53,545] 55,674
Fabricated metal products . . | 20,186] 19,755] 19,745] +22] +0.1)  +0.9] 18,048) 20,951] 20,167) 16,832} +72} 136,781} 128,966
Industrial machinery and equipment . | 37,904) 37,915] 36,561 0.0] +3.7]} 0.9 32,206] 44,856} 35,449] 29,766) +8.2| 257,446] 232,757
Engines and turbines 2,243 2,310] 2,276] -2.9] +1.5] +5.9] 1,608] 2,829) 2,211 1,499 +73 15,177] 13,411
Farm and garden machinery ..... 2,127 2,166] 2,118} -1.8) +2.3} -2.9) 1,663 2,224 2,498 1,702 23 16,349] 14,680
Construction, mining and
material handling equipment 4,572) 4,581 4,268] -0.2| +73) 42.7] 4,196] 4,996] 4,314) 3,473] +20.8 30,388] 26,509
Metalworking machinery 3,458 3,430] 3,414) +08) +05) -2.3) 2,930] 3,836) 3,347] 3,010 2.7 23,043} = 22,703
Computer and office equipment . 11,198] 11,190] 10,422) +01] +74) -3.7) 8,611] 15,262) 8,825] 7,327) +17.5 71,717] 60,820
Electronic and other
electrical equipment 30,887] 30,882] 29,767) 0.0|  +3.7} — -1.0] 26,636] 33,909] 28,523) 25,162 +5.9] 205,191] 193,034
Electrical transmission and
distribution equipment and
industrial apparatus ..........- 3,808 3,600] 3,522) +5.8) 42.2] +0.5) 3,392] 3,986] 3,448) 3,132 +83 25,305] 23,560
Household appliances 2,194 2,130] 2,051] +3.0) +3.9] +1.2) 2,040] 2,467] 2,050) 1,749} +16.6 14,452} 13,191
Electric lighting and
wiring equipment 2,239) 2,197) 2,212] +19) 0.7] +13) 1,880 2,243) 2,193 1,847) +18 15,129] 14,668
Household audio and
video equipment 1,036 1,039 1,030) -0.3) +09) — -5.0) 898) 957) 869 856) +49 6,400 5,997
Communications equipment 6,531 7,276) 6,977) -10.2) +43) +3.9) 5,424 8,593 6,362) 5,638] 3.8 45,501] 40,987
Electronic components 12,850] 12,593] 11,818] +2.0] +6.6]  -4.6/ 11,211] 13,520} 11,449] 10,271 +92 84,394] 79,621
Transportation equipment ........ 39,870] 40,857] 43,562) -2.4) 6.2; -0.7| 28,531] 43,265} 45,533) 31,610 -9.7) 295,116] 285,235
Motor vehicles and parts . 26,503} 26,760) 29,461 -1.0) -9.2)  -0.9] 16,646] 27,659) 31,928] 19,687 -15.4] 199,969] 197,888
Aircraft, missiles,
space vehicles, and parts. 10,546] 10,658} 11,202 “Ld 4.9) +0.8) 9,376) 11,866] 10,733 9,463) 09 74,272| 67,772
Shipbuilding and tanks ....... 887) 953] 849] -6.9) +12.2) -20.7] 832] 1,077 828 857 29 6,291 6,201
Instruments and related products . . 14,056} 14,209) 13,787) -1.1) +3.1) -0.4] 12,603] 15,641) 13,510) 12,342 42.1 96,250] 91,759
Search and navigation equipment 3,073) 3,036} 2,957} +12} +2.7) 2.4) 2,753) 3,321 2,849| 2,542) +83 20,722) 18,687
Measuring and controlling devices 4,087! 4,056} 4,150] +0.8) +23) +22) 3,563) 4,350] 4,134) 3,742! 48 28,261] 28,274
Medical instruments and supplies 4,479] 4,676 4,299] -4.2) +88) -2.6, 4,077 5,179] 4,119] 3,879] +5.1 30,823] 28,606
Photographic goods . . 1,964 1,975) 1,924) -0.6)  +2.7) +11 1,763 2,274 1,945 1,732 +18 13,251 13,282
All other durable goods 19,886] 19,836] 19,209] +0.3] +3.3] +0.1] 18,748] 21,566) 18,818} 18,256) 42.7] 133,919] 129,299
Nondurable goods industries . 148,976| 148,574] 147,833] +0.3)  +0.5) -0.6| 143,662] 154,082) 147,534] 142,415 +0.9] 1,028,267 }1,013,655
With unfilled orders .... 38,357] 37,757) 37,773) +1.6| 0.0} +0.1) 36,816} 38,552] 36,637] 35,187 +4.6] 258,574] 246,036
Food and kindred products 40,617] 40,645] 40,143: 0.1] $1.3] 1.1] 39,263] 41,619] 40,236] 37,782) +3.9] 279,685] 268,692
Meat products ...... 8,661 8,752! 8,812) -1.0 0.7] +09) 8,583 8,954] 9,012 8,592! 0.1 60,304] 59,218
Dairy products 6,187) 6,205, 5,963| -0.3] +4.1) +0.5] 6,033) 6,417] 6,054) 4,759) +26.8 41,907] 33,981
Beverages... 62... eee eee 6,169 6,130 6,053] +0.6| +13} -0.4) 6,539 6,940) 6,475 6,244 +47 42,732] 40,582
All other foods, except fats and oils 17,668] 17,517] 17,247) +09] +1.6]  -3.1] | 16,176) 17,267} 16,627 16,297, -0.7] 120,237] 121,041
Tobacco products 3,434 3,561 3,421 -3.6| +4.1] 40.8) 3,358) 3,677! 3,431 3,179 +5.6 23,576} 21,831
Textile mill products .... 6,906] 6,640 6,745] +4.0) 1.6] -0.9} 6,240) 7,255 6,773) 6,357 18 47,209] 47,877
Broadwoven fabrics and
other textiles see 4,134) 4,051 4,052] +2.0] 0.0) -11 3,575) 4,340] 4,112 3,729 4.1 28,869] 29,411
Paper and allied products 13,939] 13,879) 13,938] +0.4 0.4) 0.0} 13,583] 14,452) 13,801) 13,108 43.6 97,127] 92,184
Pulp, paper, and
paperboard mill products 5,310] $5,312] 5,351 0. 0.7, -1.5] 5,257) 5,473] 5,248 5,323) 12 37,790| 36,741
Paperboard containers and boxes . 3,723 3,685] 3,632] +10) +15} +11 3,580] 3,774) 3,677] 3,186] +12.4 25,358] 23,142
Miscellaneous converted
paper products . . 4,906) 4,882) 4,955] +0.5 -1.5] +0.9) 4,746) $5,205} 4,876) 4,599) +32 33,979] 32,301
Chemicals and allied products 32,838] 32,981] 32,501 -0.4) +15} +04] 31,311] 34,935] 32,920] 30,988: +1.0] 230,474] 227,676
Industrial chemicals . . 15,073) 15,147) 15,059] -0.5]  +0.6| +0.5) 14,524) 15,943) 15,228] 15,539) -6.5} 107,731] 113,829
Drugs, soaps, and toiletries 14,001] 13,974] 13,505} +0.2) +3.5| +0.5] 13,335] 14,574) 12,595) 11,937 +17 92,496] 83,998
Petroleum and coal products 12,202] 12,416) 12,599) -1.7 -15) -1.4] 12,383] 12,965] 13,175] 14,871 16.7 86,808] 102,290
Rubber and plastics products 13,135} 13,001] 13,045} +1.0} 0.3) -1.2) 12,211] 13,817) 13,478) 12,138] +0.6 92,400} 91,262
All other nondurable goods 25,905] 25,451) 25,441] +18 0.0} -0.6] 25,313] 25,362] 23,720) 23,992] +5.5} 170,988] 161,843

Preliminary. * Revised.

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

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