Table 4. VALUE OF MANUFACTURERS’ INVENTORIES FOR INDUSTRY GROUPS
(Millions of dollars)

Seasonally adjusted Not seasonally adjusted
Industry Monthly Percent Change Monthly Percent
change
Mar, Feb. Jan.] Feb.-|  Jan-| — Dec.- Mar. Feb. Jan. Mar.| Mar.
1994" 1994" 1994] Mar. Feb. Jan, 1994? 1994" 1994 1993] 94/93
All manufacturing industries ++ | 379,839] 380,068] 378,908 0.1 +03 40.4] 379,369} 381,699] 377,539] 379,471 0.0
Manufacturing industries
with unfilled orders see 251,329] 251,686} 250,721 0.1 +0.4 +0.6] 250,585] 251,942] 248,226} 250,300 +0.1
without defense capital goods - | 394,278] 353,586] 352,324] +02} +04] +04} 353,998] 355,522] 351.773] 350.722| +09
Durable goods industries ... . 238,296 | 238,832] 238,172 0.2 +03 +0.8] 238,098] 239,966] 236,590] 236,973 +0.5
With unfilled orders sees 218,066 | 218,445] 217,627 02 +04 +0.8) 217,311] 218,748] 215,512} 217,149 +0.1
Stone, clay, and glass products 7,547 7,512 7,556| +05 0.6] +08 7,700 7,206 7571 7,929 29
Primary metals 19,518] 19,547} 19,487 0.1] +03) +02] 19,379] 19538] 19,459] 19,166] +11
Blast furnaces, steel mills 9,493 9,554 9,550 -0.6 0.0) +07 9,303 9,586 9,700 9,365 0.7
Iron and steel foundries see 1,456 1,431 1,424 +17 +0.5 +0.7 1,498 1,453 1,426 1,431 +47
Nonferrous and other primary
metals... . i 8,569 8,562 8513] +01} +06 8,578 8,499 8,333 8370] +25
Fabricated metal products - | 22977] 23,144] 23,048 0.7] +04 23,193] 23,304] 22,994] 23,545 -15
Industrial machinery and equipment . 47,504 46,990 46,629 +11 40.8 47,040 47,303 46,492 44,163 +65
Engines and turbines . . 3,531 3,501 3,490 +0.9 +03 3,430 3,416 3,305 3,407 40.7
Farm and garden machinery 2,393 2,441 2,478 -2.0 “15 2,508 2,659 2,667 2,452 423
Construction, mining and
material handling equipment .. . 5,701 5,593 5,622 +19 05 +0.5 5,792 5,669 5,653 6,035 4.0
Metalworking machinery ..... 5,254 5,293 5,266 0.7 40.5 40.7 5,201 5,299 5,182 5,136 +13
Computer and office equipment 11,688 11,455 11,176 +2.0 42.5 +16 11,150 11,341 11,004 9,209] +211
Electronic and other
electrical equipment ....... 34,917] 34,710] 34,313] +0.6]  +1.2] = +2.0] 34,824] 34,628] 33,834] 31,850] +93

Electrical transmission and
distribution equipment and

industrial apparatus ......... 4264] 4,239] 4.247] +06 02) 421 4,257 4.216 4,161 4,369 2.6
Household appliances . . tee 2,579 2,624 2,632 17 03 +12 2,690 2,716 2,597 2,644 +17
Electric lighting and

wiring equipment ......... 2,977 2,983 2,950 02] +11} +12 2,974 2,937 2,850 2865) +38
Household audio and
video equipment .. . 1,046 1,037 1,026] +09) +11 -Ll 1,002 996 979 1,022 -2.0
Communications equipment . . . . 9,917 9,780] 9344] +14] +447] 43.0] 9,864 9,767 9,290 7,883] +25.1
Electronic components fens 10,919] 10,853] 10,929] +0.6 0.7) 42.71 10,832] 10,808] 10,842 9,743] +112

Transportation equipment . . . - | 60,401] 61,346] 61,904 “15 0.9] +405] 60,498] 61,795] 61.375] 66,155 -8.6
Motor vehicles and parts : 11,663] 11,636] 111,578] +02] +05] = 0.6] = 11,639] 11,883] 11,719] 11,385} 42.2
Aircraft, missiles,
space vehicles, and parts. . 44,542 45,577 46,194 23 44,616 45,657 45,474 50,385
Shipbuilding and tanks . 1,633 1,587 1,564 +2.9 1,618 1,585 1,551 1,808
Instruments and related products .. . . 21,819 22,004 21,887 -0.8 21,674 21,885 21,393 22,859
Search and navigation equipment 5,649 5,756 5,645 19 5,564 $,723 5,456 6,146
Measuring and controlling devices 6,482 6,470 6,450} +02 6,476 6,446 6,376 6,623
Medical instruments and supplies : 6,144 6,128 6122] +03 6,089 6,095 6,022 6,281
Photographic goods . . . 2,746 2,845 2,860 3.5 2,743 2,812 2,741 3,035
All other durable goods a : 23,613] 23,579] 23,348 +0.1 23,790] 23,807] 23,472] 21,306
Nondurable goods industries . +++ | 141,543] 141,236] 140,736 40.2 141,271] 141,733] 140,949] 142,498 09
With unfilled orders . . . . 33,263 33,241 33,094 +0.1 33,274 33,194 32,714 33,151 +04
Food and kindred products . - | 30,360} 30,030] 30077] +11 29,838] 30,112} 30,600] 29,282] +1.9
Meat products see 3,252 3,264 3,257 “04 3,307 3,321 3,207 3,101] +66
Dairy products .......... 2,686 2,704 2714 -07 2,622 2,606 2,633, 2,631 0.3
Beverages ...... 5,322 5,369 5,397 -0.9 5,306 5,353 5,394 5,261} +09
All other foods, except fats and oils 17,219 16,951 17,007 +16 16,651 17,021 17,516 16,789 08
Tobacco products. 6,135 5912 6,028} +38 6,196 6,249 6,413 6,831 93
Textile mill products ... . o 9,678 9,648 9,652 40.3 9,708 9,781 9,594 9,194. 45.6
Broadwoven fabrics and
other textiles . : : $5,381 5,403 5,394 04 +02 +0.9 5,413 5,513 5,420 $5,322 +17
Paper and allied products ......... 13,450] 13,463] 13,394 0.1] +05 0.7] 13,613] 13,626] 13,444] 13,684 0.5

Pulp, paper, and

Paperboard mill products ...... 5,835 5,798 5,792 +0.6 +0.1 40.2 5,905 5,877 5,849 5,682 43.9
Paperboard containers and boxes . . 3,159 3,154 3,048 +0.2 43.5 17 3,203 3,201 3,087 3,303 3.0
Miscellaneous converted

paper products . . . 4,456 435i 4,554 12 09 -1.0 4,505 4,548 4,508 4,699 Al

Chemicals and allied products... 34,028] 34,218] 33,991 -0.6 +0.7 -0.7} 34,368] 34,701 34,189] 35,258 2.5
Industrial chemicals . 16,041 16,311 16,383 “17 0.4 -15 16,153 16,570 16,623 17,308 6.7
Drugs, soaps, and toiletries... . 13,583 13,515 13,259 +0.5 +19 03 13,461 13,383 13,002 13,276 +14

Petroleum and coal products . 10,122] 10,181 9,986 06) 420) 411 9,887 9,858 9612] 11,357] -12.9

Rubber and plastics products 12,426} 12,406] 12,302} +02] = +0.8] = 40.7] 12,576] 12,599] 12,445] 12,017] +47

All other nondurable goods 25,344 25,378 25,306 0.1 403 0.4 25,085 24,807 24,652 24,875 +0.8

” Preliminary. ‘ Revised.
See note at end of table 2 relating to survey variability.


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

320 320
New Orders
300 - - -------- 2 - eee es Shipments | 1300
280} - ------- 2-2-2 rrr eee eed 280
260 260
240 240
220 1 i L i 1 L a 1 1 1 i 1 1 220
Mar May Jul Sep Nov Jan Mar May Jul Sep Nov Jan Mar
Mar. 1992 - Mar. 1994
Total Manufacturing
Ratio of Unfilled Orders and
Inventories to Shipments

V/S Ratios UO/S Ratios
2.5 4.2
2.4 4.1
2.3 4
2.2 3.9
2.1 3.8

2 3.7
1.9 3.6
1.8 3.5
1.7 3.4
1.6 3.3
1.5 3.2
1.4 3.1
1.3 3
1.2 it 1. i 1 eo i i i i i L 1 L 2.9

Mar May Jul Sep Nov Jan Mar May Jul Sep Nov Jan Mar
Mar. 1992 - Mar. 1994

Note: All Charts based on seasonally
adjusted current dollars.


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

(Millions of dotlars)

Seasonally adjusted

Not seasonally adjusted

Industry Monthly Percent Change Monthly Percent
change
Mar. Feb. Jan. | Feb- | Jan- | Dec.- Mar. Feb. Jan Mar. | Mar.
l99qr 1994" 1994 | Mar. | Feb. Jan. 1994” 1994" 1994 1993 | 94/93
UNFILLED ORDERS
All manufacturing industries 446,611 | 446,204 | 446,233 +0.1 0.0 +1.0 | 450,776 | 448,764 | 447,135 | 473,341 48
Market categories
Automotive equipment . . 1,971 1,951 1950] +10] +01] +10 1,995 1,994 1,968 1,650 | +209
Home goods and apparel 10,329 | 10,225 | 10,216 +10} 40.1 | +13 } 10,420 | 10,109 9,701 | 10,486 -0.6
Consumer staples : 1421 1,403 1408 | +13 04 -13 1,408 1,395 1,427 1,394 +10
Machinery and equipment 182,246 | 182,553 | 182,406 02 | 40.1 | +09 | 182,787 | 183,226 | 182,725 | 192170 49
Business supplies 5,650 5,476 5,399 43.2 +14 -0.5 5,741 5,420 5,314 5,758 03
Construction materials
and supplies 14,607 | 14,282 | 14,179 | 423] 40.7 0.0 | 14,739 | 14,214 | 13,956 | 15,059 2.1
Defense products 108,476 | 110,246 | 110,885 -1.6 0.6 +0.9 | 110,092 | 111,294 | 112,397 | 123,039 -10.5
Other materials, supplies and
and intermediate products 121,911 | 120,068 | 119,790 +15 +0.2 +13 | 123,594 | 121,112 | 119,647 | 123,785 02
Durable goods industries :
Nondefense capital goods * 199,999 | 200,019 | 199,429 0.0 +0.9 | 200,495 | 200,972 } 200,098 | 210,843 49
Excluding aircraft and parts 79,681 77,630 | 76,690 42.6 +1.0 | 80,177 | 78,583 | 77,359 | 71,078 +12.8
Defense capital goods * 114,164 | 116,137 | 116,937 -17 +04 | 115,759 | 117,089 | 118,322 | 129,659 -10.7
Durables excluding capital goods 109,344 | 107,594 | 107,762 +16 +14 { 111,036 | 108,689 | 107,321 | 109,722 412
Miscellaneous series :
Producers’ durable equipment 210,401 | 210,071 | 209,918 40.2 +0.1 +1.0 | 211,196 | 211,014 | 210,399 | 215,583 -2.0
Household durable goods : 5,607 5,619 5,685 0.2 -12 09 5,636 5,619 5,501 5,365 45.1
Information technology industries 32,761 32,422 32,329 +1.0 +03 03 32,656 32,250 32,104 30,764 +62
Health care equipment
and products . . 7,339 7,477 7,654 -18 23] 422 7,339 7,476 7,653 8325 | -11.8
TOTAL INVENTORIES
All manufacturing industries 379,839 | 380,068 | 378,908 0.1 | +03 | +04 | 379,369 | 381,699 | 377,539 | 379,471 0.0
Market categories :
Automotive equipment . 6,080 6,078 6,107 0.0 0.5 40.5 6,159 6314 6,209 6,261 -1.6
Home goods and apparel 30,860 | 30,822 | 30,616 40.1 40.7 +0.7 | 30,725 | 30,604 | 30,255 | 29,300 44.9
Consumer staples $7,792 | $7,392 | $7,248 | 40.7] +03 -0.7 | 57,043 | 57,362 | 57,468 | 58,387 23
Machinery and equipment 89,351 89,088 | 88,659 +03 +0.5 +1.0 | 89,068 | 89,778 | 88,055 | 87,846 +14
Business supplies 21,014 | 21,100 | 20,999 0.4 40.5 -0.2 | 21,027 | 21,064 | 20,650 | 21,466 2.0
Construction materials
and supplies 24,505 | 24,489 | 24,421 +01) 403 | 421 | 24,849 | 24,764 | 24,339 | 23,473 +59
Defense products : 24,513 | 25,187 | 25,276 27) 04 02 | 24,457 | 24,951 | 24,602 | 27,132 99
Other materials, supplies and
and intermediate products 125,724 } 125,912 | 125,582 0.1] +03 | +03 | 126,041 | 126,862 | 125,961 } 125,606 +03
Durable goods industries :
Nondefense capital goods * 84,214 | 83,712 | 83,270 | +06 | +05 | +411 | 83,637 | 84,092 | 82,623 | 82,253 +17
Excluding aircraft and parts 58,563 | 57,884 | 37,086 +14} +13 | 57,880 | 57,876 | 56.456 | 53.382 48.4
Defense capital goods * 25,561 | 26,482 | 26,584 -0.4 -0.3 | 25,471 | 26,177 | 25,766 | 28,749] -114
Durables excluding capital goods 128,521 | 128,638 | 128,318 0.1 +02 +0.8 | 128,990 | 129,697 | 128,201 | 125,971 42.4
Miscellaneous series :
Producers’ durable equipment . 144,331 | 144,044 | 143,019 | +02] +0.7 | +08 | 143,993 | 144,945 | 142,180 | 141,153 +20
Household durable goods 13,737 | 13,722 | 13,351 +01) +13 | +07] 13,684 | 13,708 | 13,427] 12.964 +56
Information technology industries 31,639 31,380 30,678 40.8 423 +h 31,014 31,183 30,200 27,824 FILS
Health care equipment
and products 13,520 | 13,467 | 13,323 | +04] +11 -0.4 | 13,401 | 13,365 | 13,088 | 13,487 06

Sce footnotes at end of table 5.

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


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

Seasonally adjusted

Not seasonally adjusted ?

Monthly Percent Change Monthly Percent Year to date
Industry change
Mar.| Feb. Jan. | Feb-| Jan-} Dec.-} Mar. | Feb. Jan.| Mar. | Mar.
1994°] 1994] 1994] Mar.] Feb.] Jan.| 19947] 19947] 1994] 1993] 94/93 | 19947} — 1993
SHIPMENTS
All manufacturing industries 274,324 271,815] 268,330] +0.9]  +1.3] — -0.5] 287,921] 268,436] 241,178] 269,793] +6.7| 797,535] 748,873
Market categories
Automotive equipment . 13,659] 13,984] 13,832] -2.3] +11] 42.3) 14,548] 14,795} 12,525] 12,806] +13.6] 41,868] 35,914
Home goods and apparel 18,918] 18,232) 17,953] 43.8] +1. -0.1) 19,497) 18,254) 15,581] 17,721] +10.0] 53,332] 50,036
Consumer staples 57,996] 58,280] 57,684] -0.5] +1.0| 0.1) 59,145] 56,036] 52,830] 58,523] +1.1] 168,011] 165,103
Machinery and equipment 48,665] 48,043] 46,676] +13] +29) 4.2} 53,854] 47,085] 40,000] 48,288] +115} 140,939) 125,882
Business supplies . . . 20,406} 20,115] 19,691] +14] +22} +09] °20,862| 19,779] 18,146] 19,858] +5.1] 58,787] 56,866
Construction materials
and supplies 17,798] 17,427| 17,330] +2.1] +0. -1.9] 18,090] 16,584] 14,963] 16,626] +8.8] 49,637] 45,873
Defense products 7,394] 7,327] 7,579] +09] -3.3 +9.3) 7,750) 7,032] 6,220] 8,313] -6.8] 21,002] | 22,172
Other materials, supplies and
and intermediate products 89,488] 88,407] 87,585} +1.2) +09} -0.1] 94,175] 88,871] 80,913] 87,658) +74] 263,959} 247,027
Durable goods industries :
Nondefense capital goods * 36,348] 35,792) 34,777] +1.6] +29} -5.9| 41,273] 34,243] 28,889] 37,644 +9.6) 104,405] 94,500
Excluding aircraft and parts 30,800} 31,091] 29,614] 0.9] +5.0]  -5.4} 35,032] 29,775] 24,937] 31,191] +123} 89,744] 78,516
Defense capital goods‘ ..... 7,077| 6,936] 7,235] +2.0)  -4.1) +11.1) 7,402} 6,584] 5,809] 8,064] = -8.2) 19,795] 21,416
Durables excluding capital goods . | 103,828] 103,532] 102,697] +0.3] +0.8| 0.0] 109,323] 104,852] 92,964] 98,791] +10.7) 307,139] 275,397
Miscellaneous series
Producers’ durable equipment . 95,256] 94,8931 93,098] +0.4] +1.9] 1.6 104,102] 95,049] 82,026] 93,793] +11.0] 281,177] 250,488
Household durable goods . 7,888] 7,694) 7,644] +25] +0.7]  -1.7] 8,446] 7,580] 6,561] 7,737] +9.2] 22,587] 21,159
Information technology industries 17,207} 16,858] 16,467] +21] +2.4] -4.0] 19,651] 15,506] 13,520} 16,992] +15.6] 48,677] 41,942
Health care equipment
and products . . . 8517} 8,241] 8,250] +33) -0.1) -5.9} 8,933] 8,041) 7,941] 8,617] $3.7] 24,915] 24,306
NEW ORDERS
All manufacturing industries 274,731] 271,786] 272,616] +1.1]  -0.3]_ +2.4] 289,933] 270,065] 249,955] 264,583]  +9.6] 809,953} 750,028
Market categories
Automotive equipment . . 13,679) 13,986] 13,851] -2.2] +1. 14,549] 14,821] 12,591] 12,766] +14.0] 41,961] 35,979
Home goods and apparel 19,022] 18,241] 18,086] +43] +0.9) 19,808] 18,662! 16,620] 17,894]. +10.7| 55,090] 51,932
Consumer staples . 58,014] $8,275] 57,667] -0.4] +1. 59,158] $6,004] 52,781] 58,501] +1.1] | 167,943] 165,058
Machinery and equipment 48,358] 48,189] 48,350] +04) -0.3} 53,415] 47,586] 42,502] 43,806] +21.9} 143,503} 120,546
Business supplies . 20,580] 20,192) 19,663] +19} +27 21,183] 19,885] 18,092) 19,775] +7.1] 59,160] 56,936
Construction materials
and supplies 18,124] 17,529] 17,329] +34] +12} -1.0] 18,614] 16,842) 15,044] 16,577] +123) 50,500] 46,606
Defense products ceeee 5,624] 6,689] 8,537] -15.9] -21.6] +55.9] 6,549] 5,929] 7,708) 8,643] -24.2) 20,186] 21,875
Other materials, supplies and
and intermediate products 91,330) 88,685] 89,133] +3.0] -0.5]  +1.4] 96,657} 90,336} 84,617] 86,621) +11.6] 271,610) 251,096
Durable goods industries :
Nondefense capital goods * 36,328| 36,382] 36,630] -0.1] | -0.7]  +4.5| 40,796) 35,117] 31,650] 32,662) +24.9] 107,563] 88,159
Excluding aircraft and parts 32,851] 32,031] 30,407) +2.6] +5.3) -7.5] 36,626] 30,999] 26,638} 30,167) +214] 94,263] 79,334
Defense capital goods * 5,104] 6,136] 7,738] -16.8] -20.7] +47.7/ 6,072] 5,351] 6,993] 8,308] -26.9) 18,416} 21,295
Durables excluding capital goods . | 105,578] 103,364] 104,181] +2.1] -0.8| +2. 111,670} 106,220] 97,133} 98,157] +13.8] 315,023} 281,958
Miscellaneous series :
Producers’ durable equipment 95,586] 95,046] 95,242] +0.6] -0.2|  +2.9] 104,284] 95,664] 86,282] 88,960} +17.2] 286,230] 247,697
Household durable goods -| 7876] 7,628] 7,591] +33] +0.5] -3.6] 8,463] 7,698] 7,227] 7,666) +10.4] 23,388] 22,098
Information technology industries . | 17,546] 16,951] 16,380] +3.5]  +3.5] -3.4] 20,057] 15,652} 13,538] 16,281] +23.2) 49,247) 41,590
Health care equipment
and products 8,380] 8,064 8,419] +3.9]  -4.2| -0.4] 8,797] 7,863) 8,108] 8,454) +4.1] 24,768] 24,180

° Preliminary. ‘ Revised.

' Topical series are regroupings of the separate industry categories.

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

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

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

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

Sce note at end of table 2 relating to survey variability


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

Inventory / Shipments ratio Unfilled Orders / Shipments ratio’
Industry Mar. Feb. Jan, Dec. Mar. Feb. Jan. Dee.
1994" 194" 1994 1993 1994? 1994" 1994 1993
All manufacturing industries . 138 1.40 141 1.40 3.04 3.07 3. 3.04
Durable goods industries... ... . 1.62 1.63 1.65 1.62 3.64 3.69 3.73 3.65
Stone, clay, and glass products . . . 13 119 121 117 117 1.25 1.26 121
Primary metals -.. 2.0... 2-00 161 161 1.65 161 1.98 1.90 192 1.86
Fabricated metal products". . 133 156 154 1.36 147 1.44 1.43 148
Industrial machinery and equipment 1:80 178 1:86 176 2.28 222 2.29 214
Electronic and other
electrical equipment . 1.63 1.63 1.63 1.60 215 2.16 2.20 215
Transportation equipment . . 1.55 1.58 1.59 1.61 10.95 11.47 11.23 11.27
Instruments and related products . . . 2.02 2.03 2.03 2.00 4.63 4.67 4.71 4.61
Nondurable goods industries LU 1.12 114 1.14 0.76 0.74 0.74 0.72
Food and Kindred products : . - 0.84 0.84 0.86 0.84 (X) (xX) (%) x)
Tobacco products. .............. 278 1:84 178 2.42 &) (x) (x) (X)
Textile mill products. <  - 158 1.60 1.65 161 (NA) (NA) (NA) (NA)
Paper and allied products . 124 1.24 1.26 126 (NA) (NA) (NA) (NA)
Chemicals and allied products 1:22 128 128 1.28 &) &) &) &)
Petroleum and coal products 0.87 0:88 0.90 0.90 &) | &) (x)
Rubber and plastics products 133 138 139 136 &) (&) &) &)

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

ice cludes the following industries with no unfilled orders : Wood and lumber products; glass containers; metal cans, barrels and drums; farm and garden machinery;
motor vehicle assembly operations; other transportation equipment; foods and related products; tobacco; knitting mill products; apparel and related products: 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
Mar. Mar. Mar, Mar.
Mar. | 1993- Mar? | 1993- Mar? | 1993- Mar? | 1993-
Mar.’ | 1989- Feb. Mar.' |  1989- Feb. Mar.' | 1989- Feb. | Mar.' | 1989- Feb.
1994 | 1993 | 1994 | 1994] 1993 | 1994} 1994] 1993] 1994] 1994] 1993] 1994
All manufacturing industries . Oa) 0.0 02 &) 01 02 () 0.0 01 ~ 0.0 01
Durable goods industries. te 01 02 03 04 03 03 0.1 01 O1 (ea) 0.0 Ot
Stone, clay, and glass products &) 06 04 & 07 09 (X) 02 06 (x) 0.1 OL
Primary metals -....... - 0.1 01 03 09 06 10 07 03 04 (x) 0.1 OL
Fabricated metal products ........ &) 01 04 (X) 03 05 (%) 02 04 &) 01 04
Industrial machinery and equipment . 0.3 0.5 0.5 0.4 04 0.6 01 03 01 (X) 0.2 0.1
Electronic and other

clectrical equipment... . . : 02 02 02 02 0s 05 0.0 01 02 X) 0.1 0.0
Transportation equipment . . . . . . 0.0 03 05 0.0 06 08 0.0 01 01 &) 01 01
Instruments and related products . (9) 01 02 (e9) 05 22 (9) 01 05 &) 0.0 02
Nondurable goods industries ........ ios 01 02 x) 0.1 02 (%) 02 04 fea) 01 O1
Food and kindred products | | of Ol 02 8 (4) 0) &) & ® &) 01 01
Tobacco products . an «&) 04 02 (x) () (X) & & &) & 0.0 01
Textile mill products . | : a (x) 03 03 &) | eva) | aay |] Ay] wa) &) 0.1 02
Paper and allied products... 2... ; &) 04 03 (X)] ena) | ena) (x) | (NA) &) 02 01
Chemicals and allied products : &) 03 02 (x) (X%) &) & (x) (X) &) 01 Ol
Petroleum and coal products &) 01 03 & &) &%) &) & & & 02 03
Rubber and plastics products... . . (x) 05 03 (x) (xX) (x) (xX) (X) (x) (x) 0.1 02

Capital goods industries :
Nondefense ............ oo 0.1 03 0.5 0.2 04 0.8 0.0 0.1 0.1 e9) 0.1 0.1
Defense... 2.2... 03 03 04 -0.1 14 5.2 0.0 01 03 (xX) 0.1 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 variability.


CURRENT INDUSTRIAL REPORTS

cy
Ny,

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

Manufacturers’ Shipments,

Inventories, and Orders

March 1994
M3-1-(94)-03
For Wire Transmissions 10:00 a.m. E.D.T. May 4, 1994

Steve Andrews or Kathy Menth
(301)763-2502 or (301)763-2575

Summary

New orders for manufactured goods in March
increased $2.9 billion or 1.1 percent to $274.7 billion, the
Department of Commerce, Bureau of the Census reported
(pday. This is the seventh increase in the last cight months
and follows a 0.3 percent February decrease. Year-to-date
new orders for i964 are 7.2 percent above the same period
a year ago.

Shipments increased $2.5 billion or 0.9 percent to
$274.3 billion, following a 1.3 percent increase in February.
This is the seventh increase in the last eight months. Year-
to-date shipments for 1994 are 6.0 percent above the same
period a year ago.

Unfilled orders increased $0.4 billion or 0.1 percent to
$446.6 billion, the second increase in the last three months.
The unfilled orders-to-shipments ratio decreased from 3.07
in February to 3.04 in March.

Inventories decreased $0.2 billion or 0.1 percent to
$379.8 billion, following a 0.3 percent increase in February.
The inventories-to-shipments ratio decreased from 1.40 in
February to 1.38 in March, the lowest on record.

New Orders

New orders for manufactured durable goods in March
increased $1.1 billion or 0.8 percent to $147.0 billion. This
is the seventh increase in the last eight months and follows
a 18 percent decrease in February. Primary metals had the
Jargest increase, up $0.7 billion or 5.6 percent to $13.2
billion, the seventh increase in the last eight months.
Fabricated metal products increased $0.6 billion or 4.0
percent to $15.5 billion, the fifth consecutive monthly
increase. Industrial machinery and equipment increased $0.4
billion or 1.6 percent to $27.6 billion, the eighth increase in
the last nine months. Electronic and other electrical
equipment increased $0.4 billion or 1.7 percent to $21.3
billion, due to electronic components. Instruments and
related products had the largest decrease, down $1.0 billion
or 8.7 percent to $10.0 billion, due to search and navigation
equipment. Transportation equipment decreased $0.5 billion
or 14 percent to 3370 billion, as decreases in aircraft and
parts and motor vehicles and parts more than offset an
increase in railroad equipment.

New orders for nondurable goods increased $1.8
billion or 1.4 percent to $127.7 billion, with increases in all
major groups except tobacco products. This follows a
revised 1.5 percent increase in February and is the fifth
consccutive monthly increase.

Shipments

Shipments of durable goods in March increased $1.0
billion or 0.7 percent to $147.3 billion, the seventh increase

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

in the last eight months. All major groups except lumber
and wood products and instruments and related products
increased. Stone, clay, and glass products had the largest
increase, up $0.3 billion or 5.2 percent to $6.7 billion, the
fourth increase in the last five months. Transportation
equipment increased $0.3 billion or 0.7 percent to $39.0
billion, the seventh increase in the last eight months, as an
increase in aircraft and parts more than offset a decline in
motor vehicles and parts,

Shipments of nondurable goods increased $1.5 billion
or 1.2 percent to $127.1 billion, the fifth consecutive monthly
increase. The largest increase was in chemical and allied

roducts, up $1.1 billion or 4.2 percent to $27.8 billion.
‘obacco products had the only decline, down $1.0 billion or
31.4 percent to $2.2 billion.

Unfilled Orders

Unfilled orders for durable goods in March decreased
$0.2, billion or 0.1 percent to $423.5 billion, the twelfth
decline in (the last thirteen months. Transportation
equipment declined $2.1 billion or 1.0 percent to $212.3
billion, as a decline in aircraft and parts more than offset an
increase in railroad equipment. This is the twenty-second
decrease in the last twenty-three months. Instruments and
related products decreased $0.8 billion or 1.5 percent to
$49.9 billion, due to search and navigation equipment,
Industrial machinery and equipment, up for the ninth
consecutive month, had the largest increase, up $1.2 billion
or 2.1 percent to $55.9 billion, with increases in nearly all
categories. Primary metals, up for the fourth consecutive
month, increased $1.1 billion or 4.6 percent to $24.1 billion.
Unfilled orders for nondurable goods increased $0.6 billion
or 2.9 percent to $23.1 billion, the fifth increase in a row.

Inventories

Inventories for durable goods in March decreased $0.5
billion or 0.2 percent to $238.3 billion, following a 0.3
percent increase in February. Industrial machinery and
equipment had the largest increase, up $0.5 billion or 1.1

ercent to $47.5 billion, the twelfth consecutive monthly
merease. Due to aircraft and parts, transportation
equipment had the largest decrease, down $0.9 billion or 1.5
percent to $60.4 billion, the lowest level since August 1988.

jondurable goods inventories, up for the second consecutive
month, increased $0.3 billion or 0.2 percent to $141.5 billion,
as increases in food and tobacco products more than offset
a decline in chemicals and allied products.

By stage of fabrication, finished goods decreased 0.4
percent in durables and was unchanged in nondurables.
Work in process decreased 0.1 percent in durables and
increased 0.5 percent in nondurables. Materials and
supplies decreased 0.2 percent in durables and increased 0.4
percent in nondurables.

‘The advance report on durable

Tor Apnil is scheduled for May 25, T

(994 at 8:30 a.m. and the full report on June 2, 1994 at 10:00 am. Vor sale by the

Superintendent of Documents, U.S. Government Printing Office, Washington, DC 20402. ‘This report is also available the day of issue through the ent
of Commerce’s online Economic Bulletin Board (N-8-1) (202-482-3870) and through the Census Bureau's online information service~CENDATA. ATA.

is available from Dialog Information Services, Inc. (1
763-2074) can provide content information and general guidance.

-334-256A) and CompuServe (1-800-848-8199). ‘The CENDATA staff at the Bureau of the Census (301-


Nondefense Capital Goods 1
New Orders and Shipments
Three Month Moving Averages
Billions of Dollars

New Orders

3B ----- 7-77-22 eee ee eee eee eee eee Shipmente |} 38

Mar May Jul Sep Nov Jan Mar May Jul Sep Nov Jan Mar
Mar. 1992 - Mar. 1994

Defense Capital Goods
New Orders and Shipments
Three Month Moving Averages

Billions of Dollars
11 11

10

9

5 n L 1 it a L 1 1 1 L 1 it 1
Mar May Jul Sep Nov Jan Mar May Jul Sep Nov Jan Mar
Mar. 1992 - Mar. 1994

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
Mar. Feb. Jan. Feb.- Jan.- Dec.- Mar. Feb, Jan. Mar. Mar.
1994" | 1994" 1994 | Mar. | Feb Jan. | 1994" | 1994" 1994 1993 | 94/93
MATERIALS AND SUPPLIES
All manufacturing industries 120,402 | 120,288 | 119,591 | +01 | +06 | -06 | 119,786 | 120,655 | 120,743 | 119,874 0.1
Durable goods industries... 68,698 | 68,803 | 68,157] -02] +09] -04 | 68,032 | 68925 | 68,743 | 67386] +10
Stone, clay, and glass products 2586 | 2542 | 2551 | +17{ 04] +15] 2569] 2551 | 2577] 2,461 +44
Primary metals Soar | S865 | 51837 | +10] +05] -21 | 5707 | 5,743 | 51920 | 6.014 “3.1
Fabricated metal products 7706 | 7831 | 7808} -16}] +03] -34] 7,698 | 7.857 | 7,886 | 8,025 4.1
Industrial machinery and equipment | 14.421 | 14,529 | 14,151 07 | +27] 0.7 | 14268 | 14,682 | 14354 | 13,845 43.1
Electronic and other
electrical equipment 11,248 | 11,070 | 10,855 | +16] +20 | +33 | 11,207] 11,040 | 10,869 | 10,274} +9.1
Transportation equipment . 10766 | 10,963} 11019 | -18} -05 | -1.7 | 10,784 | 11026 | 10,984 | 12,156 | -113
Instruments and related products 6707 | 6679 | 67l1| +04} -05}) -11 | 6681 | 6657 | 6.709 | 6.818 20
Lumber, furniture and
miscellaneous durable goods . . 9343 | 9324] 9225] +02] +11] +11] 94s] 9369) 9,444] 7,793 | +170
Nondurable goods industries si7oa | siass | 51434] +04] +01 | -08 | 51,754 | 51,730 | 52,000 }| 52,488 14
Food and kindred products 9965 | 9915 | i004 | +05] -10] -05 | 10024 | “9994 | 10,323 | 10,090 0.7
Tobacco products 5208 | 003 | 5.103 | 422] +02] -21] 5313 | S368 | 5,485 | Sia “19
Textile mill products 2756 | 2669 | 2660 | +33] +03] -04]| 2782 | 2709 | 2658} 2,633 45.7
Paper and allied products 6673 | 6599 | 6584] +11] +02] -19 | 6,722 | 6,623] 6.642 | 6,809 “13
Chemicals and allied products 11214 | 11260 | 11228 | 04] +03 | 05} 11167 | 11271 | 11,238 | 11,507 -3.0
Petroleum and coal products yeas | 2949 | 2894] 35] +19] +06] 2,759] 2:869 | 2,74 3148 | -124
Rubber and plastics products 4586 | 4'544 | 4473 | +09] +16] +18 | 4566 | 4518] 4492 | 4332) +54
Apparel, printing and publishing
and leather goods 3461} 8456] 8478} +01} -03 | 20] 8421 | 8378 | 84Is | 8,955 “16
WORK IN PROCESS
All manufacturing industries 128,535 | 128,583 | 129,119 0.0} -04 | +03 | 128,431 | 128,564 | 127,625 | 129,441 08
Durable goods industries 105,150 105,305 105,770 0.1 -04 +04 105,109 105,359 104,307 106,421 -12
Stone, clay, and glass products 1,042 oog | 1055 | 21] +09] +28 4088 | 1,093 ‘030 “195 -90
Primary metals 7246 | 7325} 7317] -Li} +01] 406} 7.296 | 7348 | 7,230 | 7,236 | +08
Fabricated metal products |. . 7474. | 7501 | 71497 | -o4] +01 | +10} 7304] 7578] 7512 | 7,666 2.1
Industrial machinery and equipment | 19,125 | 18506 | 18675 | +33] -09 | +08 | 18,865 | 18,184 | 18,234] 17,003 | +11.0
Electronic and other
electrical equipment 14,428 | 14324 | 14206 | +40.7| +08 | +15] 14419 | 14343 | 14,053 | 13,464 | +71
Transportation equipment - 4u'5ss | 42287 | 43,015 | -17 | -L.7 | +02 | 41,750 | 42,530 | 42577 | 45,541 83
Instruments and related products - 91262 | 9377 | 9.191 12] +20] -19 | 9142 | 9329 | 8904 | 9,857 73
Lumber, furniture and
miscellaneous durable goods . 5018 | 4921 | 4814] +20] +22 00 | 5,045 | 4,954] 4,767 | 4,459 | +13.
Nondurable goods industries 23,385 | 23,278 | 23349 | +05] -03 oo | 23,322 | 23,205 | 23318 | 23,020] +13
Food and kindred products 4,007 | "3,938 053} +18] 28] 07 7019 | “31989 | 4.251 745 +73
Tobacco products 176 163 163 | +8. 0.0 0.0 162 173 180 138 | +174
Textile mill products 2611 | 2621 | 2,647} -04] -10 | +16] 2,599 | 2,632 | 2,621 | 2,386 | +89
Paper and allied products - ries | tier] 172] +06] -09 | -o8 | rise] 1160} Lim 1223 32
Chemicals and allied products 57635 | Sida] 51518] -02] +23] 48] 5543] Syoao | Sisol | 31549 “0.1
Petroleum and coal products 3987 | 2268 | 2252 | +08] +07 | +92 | 2264] 2186 | 2154] 2,731) 171
Rubber and plastics products. . - 1764} 1773 | 1784] 05] -06] -02] 1742] 1800} 1,827 | 1,645 +59
Apparel, printing, and publishing
and leather goods 3737 | s710| 5,760] +05] -09} +16] 5,809 | 5616 | 5,613 | 5,603 43.7
FINISHED GOODS
All manufacturing industries 130,902 } 131,197 | 130,198} -0.2 | +08} +14 | 131,152 ] 132,480 } 129,171 | 130,156 40.8
Durable goods industries .... | 64448 | 64,724 | 64245 | -0.4 | 40.7} +28 | 64,957 | 65,682 | 63,540 | 63,166 +28
Stone, clay, and glass products. 3919 | 3906 | 3950] +03] -11 | -01 | 4043 | 4,062 3964 | 4.273 54
Primary metals 6351 | 6357 | 6333 | -01] +04] 421] 6376 | 6447 | 6309] S916] +78
Fabricated metal products 7.797 | 7,812 | 7,743 02) +09] 4241 7991} 7869} 7596 | 7854] #17
Industrial machinery and equipment | 13,958 | 13,955 | 13,803 oo} +n} 432) 13907 | 14437] 13;904 | 13,315 +44
Electronic and other
electrical equipment... . 9241 | 9316 | 9252] -08| +07] +14] 9198 | 9,245] 8912 | 8112] +134
Transportation equipment | soso | 8,096 | 7870] -02| +29] +56] 7964) 8239) 7814 | 81458 58
Instruments and related products sso | 5948] 5985] -16] -06| +04] 5'851 | 5,899 | 5,780 | 6,184 54
Lumber, furniture and
miscellaneous durable goods 9282 | 9334] 9309] -09| +03 | +48] 9,627] 9,484] 9,261 | 9,054
Nondurable goods industries 66,454 | 66,473 | 65,953 00} +08] +01 | 66,195 | 66,798 | 65,631 | 66,990
Food and kindred products 16388 | 16.177 | 16010 | +13] +10] +406} 15,795 | 16129} 16,026 | 15,447
Tobacco products... 75 636 762 | +151 | -13.9 | -229 721 708 74 1,279
Textile mill products 43il | 4358 | 4345] -i1 | +03 | 436] 4327] 4440] 4315 | 4.175
Paper and allied products, 3609 | 3703 | 3638 | -16| +12] +08] 5,707 | 51843 | 5.631 | 5,652
Chemicals and allied products 17179 | 17314 | 17245 | 08 | +04] +04] 17,658 | 17,781 | 17,450 | 18,202
Petroleum and coal products 4990 | 4964 | 4840 | +05] +26] -19 | 4.864} 4803 | 4,711 478
Rubber and plastics products 6076 | 6089 | 6045 | -02] +07] +02) 6268 | 6281 | 6,126 | 6040
Apparel, printing, and publishing
and leather goods . . .. 11,146 | 11,212 | 11,068 | 0.6] 413] -0.1 } 10,855 | 10,813 | 10,624 | 10,717

? Preliminary. ‘ Revised.

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


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
Mar. Feb. Jan} Feb.-|  Jan-| _—Dee.- Mar. Feb. Jan. Mar.| Mar.
1994" 1994 1994) Mar. Feb. Jan 1994" 1994" 1994 1993} 94/93
All manufacturing industries 446,611 | 446,204] 446,233 +0.1 0.0 +1.0] 450,776] 448,764] 447,135] 473,341 4.8
Manufacturing industries
without defense capital goods 332,447] 330,067} 329,296 +0.7 +0.2 +12] 335,017] 331,675] 328,813] 343,682 2.5
Durable goods industries 423,507} 423,750] 424,128 0.1 0.1 +0.9| 427,290] 426,750] 425,741] 450,224 5.1
Stone, clay, and glass products 7315 7,394 7,347 -ll +0.6 +15 7,232 7,281 6,900 7177 +0.8
Primary metals 24,101] 23,042] 22.670] +46) +16] +11] 25.416] 23,566] 22,785] 24,460) +3.9
Blast furnaces, steel mills . 10,638] 10,385] 10,277 424] +11] +03] 11329} 10,849] 10,316] 11,287] 40.4
Iron and steel foundries 3,395 3,235 3,135 +49 43.2 +13 3,415 3,220 3,234 2,867] +19.1
Nonferrous and other primary
metals 10,068 9,422 9258] +69] +18] +20] 10,672] 9,497 9,235| 10,306] +3.6
Fabricated metal products. 20,347 19,869 19,836 42.4 +0.2 -13 20,641 19,993 20,070 22,784 9.4
Industrial machinery and equipment 55,862 54,694 53,940 42.1 +14 +15 56,353 55,681 54,679 50,782] +11.0
Engines and turbines 9931 9,993 9,887 06] +11] +05 9,771] 10,065] — 10,132 9,845 08
Construction, mining and
material handling equipment. 6,139 5,983 5801] +26] 43.1 03 6,360 6,167 5,926 $903] +7.7
Metalworking machinery 8,483 8,064 7,859) +52) +26) +71 8,483 8,064 7,859 7,008} +21.0
Computer and office equipment . 7,690 7,424 7,553| ‘+36 “17 -0.1 7,582 7,268 7,343 7192} +54
Electronic and other
electrical equipment sees 45,999} 46,078} 46,401 -0.2 07} 427) 46,110] 46,944} 46,437] 42,640] +8.
Electrical transmission and
distribution equipment and
industrial apparatus 6,083 6,083 5,975 oo] +18] +429] 6,094 6,120 5,987 sil] +49
Electric lighting and
wiring equipment . ....... 3,300 3,295 3,286] +02 +03 15 3,300 3,295 3,286 3,035] +8.7
Communications equipment 15,180] 15,095] 14,850 +0.6 +16 12] 15,141 15,119] 14,857} 12,771] +18.6
Electronic components 16,073 16,057 16,564 +0.1 3.1 +68 16,153 16,633 16,579 16,171 0.1
Transportation equipment . 212,289 | 214,359] 215,631 -10 -06| +10] 213,640] 214,825] 216,586] 239,322} -10.7
Aircraft, missiles,
space vehicles, and parts. 182,391] 185,319] 186,242 -16 05] +13] 183,621] 185,689] 187,165] 210,126]  -12.6
Shipbuilding and tanks . 18,297] 18,656] 19,152 +19 26 -12] 18,249] 18,581] 19,063] 21,434] -14.9
Instruments and related products 49,937 $0,717 50,615 -15 +0.2 0.6 50,357 $1,224 51,053 55,507 9.3
Search and navigation equipment 32,617] 33,423} 33,170 24 +0.8 -18]| 33,021] 33,981] 33,625] 37,088] -11.0
Measuring and controlling devices 9,075 8,986 8,938 +10} 40.5] +12 9,075 8,986 8,938 9,252 -19
Medical instruments and supplies 7310 7,448 7,625 -19 23] 423 7,310 7,448 7,625 8,296] -11.9
All other durable goods . . : 7,657 7,597 7,688] +08 -12 24 7,541 7,236 7,231 7,552 0.1
Nondurable goods industries 23,104] 22,454] = 22,105 +29 +16 42.1] 23,486] 22,014] 21,394] 23,117 +16

* Preliminary. ‘ Revised.

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


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

Seasonally adjusted Not seasonally adjusted!
Monthly Percent Change Monthly Percent Year to date
Industry change
Mar.| Feb. Jan.| Feb] Jan-| Dec-]| Mar.] Feb Jan.| Mar. | Mar.
1994} 1994" 1994] Mar.| Feb.| Jan.] 19947] 1994'] 1994] 1993} 94/93 | 1994" } 1993
All manufacturing industries .. . . . | 274,731] 271,786] 272,616] +1.1]  -0.3]  +2.4] 289,933] 270,065] 249,955] 264,583 +9.6] 809,953] 750,028
Manufacturing industries
with unfilled orders ..... . -| 147,298] 145,273] 147,730] +14] -1.7|_ +4.1] 158,278] 144,583] 136,129] 139,965] +13.1] 438,990] 397,282
without defense capital goods .. . 269,627) 265,650] 264,878] +1.5] +03] +1.4] 283,861] 264,714] 242,962] 256,275} +10.8] 791,537} 728,733
Durable goods industries ........ 147,010] 145,882] 148,549] +0.8]  -1.8)  +4.3} 158,538] 146,688] 135,776] 139,127) +14.0) 441,002] 391,412
With unfilled orders . 116,056] 114,601] 117,545] +1.3]  -2.5]  +5.4) 125,725] 113,886] 107,915] 110,166] +14.1] 347,526] 310,026
Stone, clay, and glass products 6581] 6,376] 6,365] $3.2) +0.2]  -121 6,518] 6,170] 5,357) 5,587] +16.7] 18,045] 16,049
Primary metals... .. : 13,208] 12,512) 12,051] +5.6] 43.8) -0.1) 14,539) 13,148) 12,436] 12,779] +13.8] 40,123] 38,346
Blast furnaces, steel mills 5,744] 5,724] 5,367} +03} +6.7] +1.0] 6,257} 6,270] 5,784] 5.913) +5.8] 18,311] 18,457
Iron and steel foundries . . . o 1,348] 1,265] 1,193] +66] +6.0f 44.3} 1,435} 1,178] 1,247] 1,033] +38.9 3,860 3,155
Nonferrous and other primary
metals.......... s.sss-[ 6,116] 5,523] 5,491] +10.7] +0.6 -2.2] 6,847] 5,700] 5,405] 5,833] +174] 17,952] 16,734
Fabricated metal products 15,492] 14,897] 14,706] +4.0] +13] +0.6 16,467] 14,692] 13,479] 14,550] +13.1] 44,638] 40,950
Industrial machinery and equipment 27,553] 27,116] 25,872] +1.6} +4.8] 3.5] 31,299} 26,603] 23,094] 26,260] +192} 80,996] 69,114
Engines and turbines ..... -| 1,682) 1,842) 1,612} -8.7} +143) -4.8) 1,731] 1,512] 1,318] 1,767] -2.0) 4,561] 4,059
Construction, mining and
material handling equipment 2,782] 2,841) 2,614] -2.1] +87] +0.3} 3,071] 3,000] 2,462} 2,717] +13.0 8,533 7,659
Metalworking machinery -| 3,133] 2,886] 3,194] +8.6)  -9.6] +41] 3,418] 2,802} 2,730] 2,676 427.7] 8,950] 7,178
Computer and office equipment ...] 7,560] 6,983] 6,859} 48.3] +181 2.1] 9,300] 6,159} 5,325] 7,381] +260] 20,784) 17,518
Electronic and other
electrical equipment ........... 21,331] 20,965] 22,300] +1.7] — -6. +7.7| 21,857| 21,507] 20,539) 18,399] +188] 63,903] 53,905
Electrical transmission and
distribution equipment and
industrial apparatus ...... see 2,569} 2,698] 2,707] -4.8} = -0.3) +119} 2,772) 2,804) 2,438] 2,511] +10.4 8,014 7,270
Electric lighting and
wiring equipment ............] 1,730] 1,746] 1,782} -0.9] -2.0] +10.8 1,851} 1,796 1,572} 1,763) +5.0] 5,219] 5,021
Communications equipment ... . 4,733) 4,751] 4,218} 9 -0.4) +12.6) -11.7] 5,093] 4,527) 3,454] 3,649] +39.6 13,074 9,639
Electronic components ...... . 7,667| 6,828] 8,481] +123] -19.5] +19.8) 7,515] 7.489} 8,385] 5,929] 426.7) 23,389] 19,167
Transportation equipment 36,962) 37,496} 41,292] -1.4] -9.2} +15.6] 40,706] 38,480] 37,425] 35,577] +14.4) 116,611] 99,156
Aircraft, missiles,
space vehicles, and parts... . 6,644] 7,546] 11,616] 12.0] -35.0]+111.6] 8,321] 6,564] 10,309} 7,947] +4.7] 25,194] 20,519
Shipbuilding and tanks 537 538] 723|  -0.2] -25.6] +68.9} 610 546 508 737| -17.2 1,664] 3,073
Instruments and related products ....] 10,009] 10,968] 10,463] | -8.7/ +4.8] +64} 10,560] 10,563] 9,206} 10,711] -1.4] 30,329] 30,754
Search and navigation equipment 1,549] 2,830] 1,964] -45.3] +44.1] +19.7] 1,544] 2,794] 1,446} 2,695] -42.7 5,784} 7,806
Measuring and controlling devices .| 3,286] 3,128] 3,147] +5.1]  -0.6/ -0.2) 3,587] 3,047] 2,969} 2,999] +19.6] 9,603] 8,568
Medical instruments and supplies 2,823} 2,762] 3,060] +22] -9.7] +66 3,001] 2,703] 2.857] 2,946] +19] 8,561] 8,488
Alll other durable goods .......... 15,874] 15,552] 15,500} #2.1] +03} 4.7} 16,592] 15,525] 14,240] 15,255] +8.8] 46,357] 43,138
Nondurable goods industries . . - | 127,721] 125,904} 124,067] +14] +1.5]  +0.2} 131,395] 123,377] 114,179] 125,456] +4.7| 368,951] 358,616
With unfilled orders 31,242] 30,672] 30,185] +19] +1.6] — -0.3) 32,553] 30,697] 28,214] 29,799] +9.2| 91,464] 87,256

? 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 variability and revision. Since the survey panel is not a probability sample,
estimates of sampling variability cannot be calculated. Further details on survey design, methodology, and data limitation are contained in our most recent annual benchmark
publication, Current Industrial Reports: M3-1(92), "Manufacturers’ Shipments, Inventories, and Orders: 1982-1992."


Table 1. VALUE

OF MANUFACTURERS’ SHIPMENTS FOR INDUSTRY GROUPS
(Millions of dollars)

Seasonally adjusted

Not seasonally adjusted’

Monthly Percent Change Monthly Percent Year to date
Industry change
Mar.| Feb. Jan. | Feb.-| Jan-| Dec-] Mar.] Feb. Jan.| Mar. | Mar.
1994°| 1994") 1994] Mar.] Feb.] Jan.] 1994"] 19947] 1994] 1993] 94/93 | 1994" | 1993
All manufacturing industries 274,324] 271,815] 268,330} +09] +1.3] — -0.5] 287,921} 268,436] 241,178] 269,793] +6.7| 797,535] 748,873
Manufacturing Industries
with unfilled orders 146,891] 145,302] 143,444] +1.1] +13] -1.2) 156,266] 142,954] 127,352] 145,175] +7.6] | 426,572| 396,127
without defense capital goods 267,247) 264,879] 261,095] +0.9| +1.4) — -0.8] 280,519] 261,852) 235,369] 261,729] +7.2| 777,740] 727,457
Durable goods industries 147,253] 146,260] 144,709} +0.7] +1.1] 1.0] 157,998] 145,679} 127,662] 144,499] +9.3} 431,339) 391,313
With unfilled orders. . . 116,299] 114,979] 113,705] +1.1) +11] -1.4) 125,185] 112,877] 99,801] 115,538} +8.3} 337,863) 309,927
Stone, clay, and glass products 6,660] 6.329] 6.254] $5.2) +12) -2.3) 6,567] 5,789] 5,276] 5,414] +213) 17,632] 15,264
Primary metals 12,149] 12,140] 11,802] +0.1] +29] -2.0] 12,689] 12,367] 11,199} 12,053} +53] 36,255] 34,562
Blast furnaces, steel mills 5491] 5.616] 5,339] -2.2| +5.2) 2.2} 5,777] 5,737] 5,180] 5,495] +5.1] 16,694] 15,592
Iron and steel! foundries 1,188] 1,165] 1,153] +2.0] +1.0] +0.6/ 1,240] 1,192] 1,056] 1,092] +13.6) 3,488) 3,118
Nonferrous and other primary
metals . . 5,470] 5,359] 5,310] +2.1] +09} -2.4) 5,672] 5,438) 4,963] 5,466] +3.8] 16,073] 15,852
Fabricated metal products 15,014] 14,864] 14975] +1.0]  -0.7] +1.5] 15,819] 14,769] 13,455] 14,841] +6.6] 44,043] 40,927
Industrial machinery and equipment 26,385] 26,362] 25,098] +0.1] +5.0) -4.5] 30,627] 25,601] 21,393) 27,204] +12.6) 77,621] 68,451
Engines and turbines 1,744] 1,736] 1,566] +0.5| +109} -15.8) 2,025] 1,579] 1,325] 1,725) +174] 4,929] 4,270
Farm and garden machinery 1,858] 1,673] 1,522] +111] +99] 42.1) 2,419) 1,971] 1,403] 1,786] +35.4] 5,793} 4,758
Construction, mining and
material handling equipment 2,626] 2,659] 2,629) 1.2] +1.) +1.0) 2,878} 2,759] 2,327] 2,722] 45.7] 7,964) 7,355
Metalworking machinery 2714) 2,681] 2,670] +12] +04] -0.3] 2,999] 2.597] 2,206] 2,829} +60] 7,802} 7,503
Computer and office equipment . 7.294 7,112 6,870] +2.6) +3.5] -2.9) 8,986] 6,234] 5,233 7,808] +15.1] 20,453] 17,447
Electronic and other
electrical equipment 21,410] 21,288] 21,083] +06) +1.0]  +0.2| 22,691] 21,000] 18,540] 19,793] +14.6} 62,231] 53,352
Electrical transmission and
distribution equipment and
industrial apparatus 2,569] 2,590} 2,536] -0.8] +2.1] +23) 2,798] 2,671] 2,221] 2,546] 49.9) 7,690] 7,011
Household appliances 1,830] 1,810] 1686) +1.1) +74) +18) L991] 1,747] 1,427] 1,753] 413.6] 5,165] 4,600
Electric lighting and
wiring equipment 1,725] 1,737] 1,733} -0.7] +0.2| +5.5] 1,846] 1,787] 1,523] 1,837] +0.5] 5,156] 4,966
Household audio and
video equipment 946] 991 988] -4.5] +03] +42) 906] 905 gio] 891] +1.7] 2,621] 2,463
Communications equipment 4,648] 4,506] 4,403] 43.2) 42.3) -8.3/ 5,071] 4,265} 3,629] 4,006] +266] 12,965] 10,290
Electronic components ...... 7,651| 7,335) 7,420] +43) -1.1) +04) 7,995] 7,435] 6,910} 6,674] +19.8) 22,340] 18,678
Transportation equipment ...... . 39,0321 38,768] 39,053] +0.7]  -0.7} +1.9} 41,891] 40,241] 34,315] 38,785] +8.0} 116,447] 105,680
Motor vehicles and parts 26,942} 27,620] 27,398) -2.5]  +0.8] +29] 28,778) 29,516] 25,047] 25,347|  +13.5| 83,341] 70,901
Aircraft, missiles,
space vehicles, and parts. 9,572] 8,469] 9,208] +13.0)  -8.0] +14] 10,389] 8,040} 7,169] 10,764] -3.5] 25,598] 27,569
Shipbuilding and tanks. . . 396] 1,034] 951] -13.3] +8.7) 41.0) 942} 1,028) 741) 1,030] -9.3] 2,711] 2,853
Instruments and related products . 10,789] 10,866] 10,756 7] $4.0] -2.6 11,427] 10,392] 9,547] 11,291] +1.2] 31,366} 30,834
Search and navigation equipment 2355] 2,577| 2,568] -8.6| +04] +48] 2,504] 2,438] 2,111) 2,978] -15.9] 7,053) 7,873
Measuring and controlling devices 3,197] 3,080] 3,041) +3.8] +13] -5.1) 3,498] 2,999] 2,863] 3,078] +13.6) 9,360] 8,504
Medical instruments and supplies 2961) 2,939] 2,891] +0.7] +1.7| -9.3] 3,139] 2,880] 2,688] 3,110] +0.9] 8,707] 8,615
Photographic goods 1,923] 1,928] 1,904] -0.3] +1.3] +3.0) 1,910] 1,739] 1,578) 1,798] +62] 5,227) 4,877
All other durable goods 15,814] 15,643] 15,688] +1.1] 0.3] -3.6] 16,287] 15,520] 13,937] 15,118] +77) 45,744) 42,243
Nondurable goods industries 127,071} 125,555] 123,621] +12) +1.6,  +0.1] 129,923] 122,757] 113,516] 125,294] +3.7] 366,196] 357,560
With unfilled orders. . . . 30,592] 30,323] 29,739] +09} +20) -0.7} 31,081] 30,077] 27,551) 29,637) +49) 88,709] 86,200
Food and kindred Products : 35,963] 35,674] 35,073] +0.8) +1.7} -1.7| 36,808] 34,854] 31,985] 34,686] +6.1] 103,647] 98,567
Meat products 8,027] 8,152] 8,132] -1.5] +0.2) +1.6 7,979] 7,905] 7,561) 7,803] 42.3) 23,445} 22,612
Dairy products . 4.753] 4,716] 4,585] +0.8] +29] +0.1] 4,820] 4,541] 4,200] 4.483] +75] 13,561] 12,728
Beverages 5,209] 5,146] 4,940] +12] +42) -25] 5,167] 4,658] 4,243) 4,714) $9.6] 14,068} 13,205
All other foods, except fats and oils | 16078] 15,780] 15,579] +19] +13] -39} 16,946| 15,870) 14,144] 15,966] +6.1] 46,960] 44,889
Tobacco products 2;206} 3,216] 3,387] -31.4]  -5.0] +287] 2,705] 2,675] 2,584) 3,659] -26.1] 7,964) 7,787
Textile mill products ..... . 6.107] 6,026] 5,845] +13) +31] -0.8] 6,342) 5,859] 5,044) 5,890) +7.7] 17,245] 16,861
Broadwoven fabrics and
other textiles ....... 3,806] 3,738] 3,595] +18] +4.0, -2.8) 4,019} 3,690] 3,162] 3,743] +7.4] 10,871} 10,767
Paper and allied products 10,876] 10,876} 10,621] 0.0] +2.4) -1.1] 11,094] 10,888] 10,228) 11,007} +0.8] 32,210} 32,320
Pulp, paper, and
paperboard mill products 4,295} 4,287] 4,241] +0.2) +1.1)  -0.9) 4,364] 4,305] 4,087] 4,386] -0.5} 12,756] 13,029
Paperboard containers and boxes 2773) 2,752] 2,668} +0.8} +31] 0.0) 2,815] 2,718) 2,554] 2,711] +3.8] = 8,087] 7,864
Miscellaneous converted
paper products . 3,808] 3,837] 3,712) -0.8] +34) -2.0/ 3,915] 3,865) 3,587] 3,910] 0.1] 11,367] 11,427
Chemicals and allied products 27,782] 26,650] 26,555] +4.2] +04]  -0.5] 29,420] 26,435] 25,316] 27,591] +66] 81,171] 78,206
Industrial chemicals 14,179] 13,804] 13,667 42.7] +1.0]  +2.0] 14,789] 13,989] 12,948] 14,020] +5.5] 41,726} 40,429
Drugs, soaps, and toiletries 10,235] 9,764] 9873) +48] -1.1] 4.01 10,675] 9,493] 9,685] 10,154] +5.1] 29,853] 28,931
Petroleum and coal products 11,622| 11,597] 11,056] +02] +49] +1.3) 10,586] 10,388} 9,919] 12,125] -12.7) 30,893] 35,871
Rubber and plastics products 9315] 8,981] 8,873] 43.7) +12) -13] 9,757] 9,055] 8,265] 9,021) +8.2] 27,077) 25,941
Alll other nondurable goods . 23,200] 22,535] 22,211] +3.0] +1.5] +09} 23,211) 22,603] 20,175] 21,315] +89] 65,989] 62,007

— Preliminary. "Revised

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

See note at end of table 2 relating to survey variability