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

Seasonally adjusted ‘Not seasonally adjusted

Industry Monthly Percent Change Monthly Percent

change

Dec. Nov. Oct,| Nov-] Oct-] Sept Dec. Nov. Oct, Dec.| Dec.

1996") 196" 1996] Dec.} Nov.} Oct. 196° 1996" 1996. 1995| 96/95

All manufacturing industries . . . . . 438,173 | 439,371 | 438,134) © -0.3} +03] 40.3] 428,324] 439,502] 438,813] 422,641) +13
Manufacturing industries

with unfilled orders ..........-- 294,142] 295,807| 294,452 0.6 +05 +0.5| 285,476] 295,629} 294,349] 281,891 +13

without defense capital goods ..... | 419,664} 420,504] 419,184 02) +03 +0.4] 410,616] 420,546] 419,640} 403,976] +1.6

Durable goods industries . .
With unfilled orders :

Stone, clay, and glass products

Primary metals
Blast furnaces, steel mills . .

276,748 | 277,917] 277,328] ° -0.4 +02 +0.4| 269,600] 278,567] 277,369] 263,530 +23
254,790 | 256,140] 254,986 0.5 +0.5 +0.5| 247,622} 256,548] 255,152] 241,412 42.6
8,443 8,393 8,307 +0.6 +10 +0.4 8,255 8,111 8,044 8,215 +0.5
24,212 24,003 23,801 +0.9 +0.8 0.2 24,205 23,843 23,698 23,553 +2.8
12,257 12,142 11,978 40.9 +14 +04 12,514 12,212 11,980 11,686 47.1

Iron and steel foundries ...... 1,488 1492] 1,483] 03] +06] +05 1,454] 1,457 1,453 1355] +73
Nonferrous and other primary
metals.......... 10,467] 10,369] 10,340] +09] +03 -11] 10,237] 10,174] 10,265] 10,512] -2.6
Fabricated metal products | 26,230] 26158] 26132] +03) +01) +02] 25,728) 25,697) 25,726] 25,719 0.0
Industrial machinery and equipment. | 57.791] $8,679] 58,662] -1.5 0.0 0.0) 55,688] 59,288] 58,588] 56,471 14
Engines and turbines .......... 3,907 3,964 3,883 -4] 0 421 +12 3,653 4,168 4,032 3,682 08
Farm and garden machinery ..... 2749] 2,624] 2,772] +48| 53] 26] 2950] 2664) 2,667] 2,991 “14

Construction, jing and

material handling equipment . 7,364 7,420 7,358 0.8 +0.8 +20 7,165 7,379 7,292 6,898 +39

Metalworking machinery . . 7,071 7145| 7,174] 1.0] 0.4} +03] = 6,682] 7,105 7,197] 6,495] +2.9

Computer and office equipment . . . 11,795] 12,286] 12,408 40 +10 -22{ 10,946] 12,705} 12,498] 12,689] -13.7
Electronic and other

electrical equipment ........... 41,225] 41,601] 41,281 09 +0.8 +03] 39,787} 41,401 41,367| 39,496 40.7

Electrical transmission and
distribution equipment and
industrial apparatus . .
Household appliances .
Electric lighting and
wiring equipment ............ 3,323 3,315 3,298 +02 40.5 40.5 3,160 3,300 3,312 3,265 32
Household audio and

4,696 4,798 4,748 21 +11 +03 4,543 4,898 4,799 5,047 -10.0
2,783 2,831 2,842 17 0.4 +10 2,558 2,720 2,727 2,475 +34

video equipment 1560] 1,559] 1521] +01] 425] +05] 1,438] 1,462 1488 1,429] +06
Communications equipt 114255] 11548] 11409} -25] +12] 409] 10,783] 1464} 11,415] 10,181} +59
Electronic components . . . - 13,938) 13,893] 13,827] +03] +05] -06] 13,785] 13.998] 14,006] 13,725] +04

Transportation equipment .

: 68,251| 68,403] 68,187} 0.2] +03) +1.0] 66,315} 69,495] 68,784] 61,590] -+7.7
Motor vehicles and parts...

15,662 15,500 15,856 +10 22 +03 15,297 15,721 16,023 14,960 423

Aircraft, missiles,
space vehicles, and parts. 47,568] 47,735] 47,188] 03] +12] +14] 46,129} 48,609} 47,692] 41,825] +103
Shipbuilding and tanks . 1,981 1,943 1898] +20] +24 21 1,919 1,930 1,842 1,751] +96
Instruments and related products . 24,878 | 24,931 25,245 02 12 40.6] 24,122] 25,101 25,506| 23,201 +4.0
Search and navigation equipment. 6,574 6,723 6,870 22 21 +13 6,413 6,771 6,906 6,177 43.8
Measuring and controlling devices . 7,982 7,907 8,053 +0.9 18 +03 7,735 7,921 8,087 7418 +43
Medical instruments and supplies 7455| 7432/7414 +03] +02] «= 408] «= 7,306] 7,518 7,541 6839] +68
Photographic goods .. 2228] 2233] 2265} -02 14] -13] 2,030] 2,251 2329} 2,145] 5.4
Alll other durable goods . 25,718} 25,749 25,713] 0.1] = +0.1 0.0} 25,500] 25,631] 25,656] 25,285} +09

Nondurable goods industries . .
With unfilled orders . .
Food and Kindred products

161,425] 161,454} 160,806 0.0 +04 +0.3| 158,724] 160,935] 161,444] 159,111 02
39,352 39,667 39,466 08 +05 +04 37,854 39,081 39,197 40,479 6.5
33,270 33,491 33,296 0.7 +0.6 0.3 33,485 35,003 35,199 33,346 +04

Meat products . . 4040] 4,062} 4,074] -0.5 03| +09] 3,818] 4,035 4079| 3,785} +09
Dairy products . . 2,903] 2927] 3,063] -08 44) 07] 2,767] 2,870] 3,111 2,635| +50
Beverages . 6193] 6212] 6,296 03 -13 05] 6112) 6298] 6,458] 6,107) 0.1
All other foods, 18,037] 17,948] 17,765] +05] +10] -09! 18578] 19,295] 19,400} 18,773 “10
Tobacco products 6,087] 6,072 5914] +02] +427] 432] 6464] 6156] 6004) 5,929] +9.0
Textile mill products 10,120] 10,088] 10,064] +03] +02] +02] 9,682] 9,867] 9,825] 9,863 -18
Broadwoven fabrics and
other textiles ....... 6,058 6,018 5,974 +07 40.7 0.1 5,828 5,950 5,865 5,899 12
Paper and allied products . 16,448| 16,537] 16,634 05 06] -06} 16,214] 16302] 16370] 17,408] -6.9
Pulp, paper, and
paperboard mill products... . . 6,760] 6839] 6904] -12] 09) -12) 6,692] 6,783] 6,801 7,121 -6.0
Paperboard containers and boxes . . 4017} 3,992] 4,018] +06} -06] +01 3,993| 3,897} 3,931 4592) -13.0

Miscellaneous converted
paper products .
Chemicals and allied pi
Industrial chemicals .
Drugs, soaps, and toiletries .
Petroleum and coal products . .
Rubber and plastics products
All other nondurable goods . .

5,671 5,706 5,712 06 0.1 03 $5,529 5,622 5,638 5,695 29
39,838 39,461 39,340 +10 +03 +02 39,4 469 39,008 38,900 38,313 +3.0
19,266 19,087 19,058 +0.9 +0.2 +0.1 19,362 18,856 18,879 18,967 +21
15,542 15,372 15,314 +11 +04 +0.5 15,091 15,279 15,247 14,572 +3.6
12,743 12,683 12,588 +0.5 +0.8 +04 12,115 12,667 12,773 11,334 +6.9
15,623 15,578 15,538 +03 +03 +0.4 15,494 15,284 15,207 15,115 +25
27,296 27,544 27,432 0.9 +04 +08 25,801 26,648 27,166 27,803 72

? 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

360 360
New Orders.

a Shipments |} 340

320 320

300 300

280 280

260 salen L 1 L L 5 es L 4 L 1 1 i 260
Dec Feb Apr Jun Aug Oct Dec Feb Apr Jun Aug Oct Dec

Dec. 1994- Dec. 1996

Total Manufacturing
Ratio of Unfilled Orders and
Inventories to Shipments

VS Ratios UO/S Ratios
2.5 — 3.9
2.4 3.8
2.3 3.7
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 L L 1 i 1 L 1 L 1 L il 2.6

Dec Feb Apr Jun Aug Oct Dec Feb Apr Jun Aug Oct Dec
Dec. 1994 - Dec. 1996

Note: All Charts based on seasonally
adjusted current dollars.


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

(Millions of dollars)

Seasonally adjusted ‘Not seasonally adjusted
Industry Monthly Percent Change Monthly Percent
change
Dec. Nov. Oct, | Nov- | Oct- | Sept- Dec, Nov. Oct. Dec. | Dec.
1996 | 1996" 1996 | Dec. | Nov. | Oct | 1996" | 1996" 1996 1995 | 96/95
UNFILLED ORDERS
All manufacturing industries ..... | 514,639 | 514,261 | 511,565 | +01 | +05 | +13 | 509,112 | 508,490 | 507,610 | 474,475 473
Market categories :
1,914 1923] 1,918} 05] +03] -16} 1885] 1,877] 1,877 1918 “17
9,286 | 9412 | 9,613 AZ} 21] +41 7,620 | 8,174 | 9,251 76H +0.1
2,069 | 2,039 | 1,923 | +15] +60] +48] 2098] 2060] 1,938 1825 | +15.0
229,706 | 230,462 | 231,340 | -03] -04} +12 | 228,770 | 230,649 | 231.217 | 208,861 49.5
6,685 | 6589 | 6468} +15] +19} 06] 6534] 6429 | 6358 | 6236 +48
16,268 | 15,786 | 15,871 | 431] -05] -06| 15974] 15,381 | 15,655 | 15277 +46
105,745 | 103,611 | 100,887 | +21 | +27] -0.1 | 105,830 | 101,406 | 98,876 | 98,371 476
142,966 | 144,439 | 143,545 10] +06 | +426 | 140,401 | 142,514 | 142,438 | 134376 +45
Durable goods industries : 3
Nondefense capital goods * ...... 250,533 | 251,354 | 251,414 03 0.0 +1.8 | 250,059 | 251,873 | 251,399 | 227,174 | +10.1
pexcluding aircraft and parts .... | 95829 | 97,685 | 98,233 19} 06 | +409 | 95,355 | 98,204 | 98,218 | 95/324 00
Defense capital goods * 110,624 | 108,375 | 105,805 | +21 | +24] -03 | 110525 | 106,111 | 103,845 | 103,111 472
Durables excluding capital goods 127,771 | 129,018 | 129,784 10 0.6 41.6 | 124,138 | 126,147 | 128,595 | 121,430 422
Miscellaneous series :
Producers’ durable equipment . 262,514 | 262,371 | 263,630 +01 05 +0.6 | 260,558 | 261,961 | 263,526 | 242,344
Household durable goods ....... 5,64 5577 | 5,962 | +12] 65] 448] 4825] 5042 | 5: 4974
Information technology industries . | 36,846 | 38,147 | 38387] -34] 06] +47] 36564] 38676 | 38793 | 38,243
Health care equipment
and products ..............5 7,623 | 7,905 | 7,873 36] +04] -36] 7,622] 8123} 8073] 7,527] +13
TOTAL INVENTORIES
All manufacturing industries... . 438,173 | 439,371 | 438,134 03 | +03 | +03 | 428,324 | 439,502 | 438,813 | 422,641 413
Market categories :
Automotive equipment . 7932 | 7,926 | 8167} +01] 30] 06] 7,665 | 7,995] 8176 | 7,412 43.4
Home goods and apparel 32,272 | 32,206 | 32,289 | +02] -03 | +03 | 30,880 | 30,858} 31,511 | 31,039 05
Consumer staples 65,101 | 65,121 | 64,679 00} +07} +403 | 64615 | 66318 | 66,476 | 63,594 +16
Machinery and equi 111,845 | 112,785 | 112,292 08 | +04 | +08 | 108,018 | 114,123 | 112,606 | 102,559 +53
Business supplies 26,024 | 26,223 |. 26,110 08} +04] +09 | 24930 | 25,994 | 26,166 | 25-411 “19
Construction materi:
and-supplies 26,182 | 26,165 | 26,003 | +01} +06] +02 | 25,705 | 25,804 | 25,683 | 25,898 07
Defense products 18,348 | 18,768 | 18,774 | -2.2 0.0 0.0 | 17,672 | 18834 | 18945 | 18,643 52
Other materials, supp!
and intermediate products ..... . 150,469 | 150,177 | 149,820 | +02] +02 | +01 | 148,839 | 149,576 | 149,250 | 148,085 | +05
Durable goods industries :
Nondefense capital goods * 105,978 | 107,348 | 106,445 -13 | +08 | +409 | 102,089 | 108,703 | 106,798 | 97,256 +50
Excluding aircraft and parts” 70,142 | 71,688 | 71,403 22} +04 | +02 | 67,053 | 72,275 | 71,433 | 68,031 -14
Defense capital goo - | 18,509 | 18,867 | 18950] -19| -o4| 03 | 17708 | 18956 | 19:73 | 18665 5.1
Durables excluding epi goods - | 152261 | 151,702 | 151.933 | +04] 02 0.0 | 149,803 | 150,908 | 151,398 | 147,609 | +15
Miscellaneous series :
Producers’ durable equipment 178,491 | 179,470 | 179,251 05 | +01 | +05 | 173,088 | 180,428 | 179,309 | 167,839 | +3.1
Household durable goods ....... | 15,750 | 15,690 | 15,613 +04] +05 404 | 15,109 | 15,192 | 15,377 | 14,441 +46
Information technology industries . | 35,265 | 36,045 | 36268 -22| -06| -06| 33465 | 36450 | 36462 | 34.500 3.0
Health care equipment
and products ............... 15,903 15,788 | 15,740 +0.7 +03 +06 15,511 15,823 15,829 14,766 +5.0

See 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
Dec.} Nov.} Oct. | Nov.- | Oct.-| Sept-} Dec.] Nov.] Oct] Dec. | Dec.
1996? | 1996"| 1996} Dec.] Nov.] Oct} 1996"| 1996] 1996] 1995] 96/95 | 1996] 1995,
SHIPMENTS
All manufacturing industries... . . 315,555] 317,548} 315,510} -0.6]  +0.6] +0.1} 311,749] 319,036] 324,083] 297,942] — +4.6 3,719,499 [3,566,930
Market categories :
Automotive equipment . . 13,283] 13,893] 14,076] 4.4] -1.3] 4.2] 11,568] 14,363] 15,225] 11,768] -1.7] 164,926] 158,652
Home goods and apparel 19,038} 19,244] 18,885] -1.1] +1.9] +1.0] 16,613) 20,347] 21,384) 15,458] +7.5} 222,743] 212,251
Consumer staples ...... 67,698| 68,046] 68,038) -0.5| 0.0] +2.5] 68,026] 68,874] 70,244] 63,404] +73] 790,048] 732,261
Machinery and equipment 56,655] 56,674) 56,108] 0.0] +1.) -2.5] 63,046] 56,449] 55,417] 59,173] +6.5| 664,338] 621,950
Business supplies 25,294] 25,288] 24,934) 0.0] +1.4/ 0.0. 24,561] 25,792] 25,608] 23,071] +6.5] 295,755] 277,578
Construction materials
and supplies 19,370] 19,584] 19,701] -1.1}  -0.6 +0.81 17,609] 19,475] 21,015] 16,742] +5.2| 230,013] 223,654
Defense products . 6,574} 6,527) 5,974) +0.7] +93] -6.3] 7,513} 6,658] 5,829] 7,260] +3.5| 76,041] 77,018
Other materials, supplies an
and intermediate products... . .. 107,643} 108,292] 107,794] | -0.6] +0.5| +0.8) 102,813] 107,078] 109,361] 101,066] +1.7] 1,275,635 |1,263,566
Durable goods industries :
Nondefense capital goods * . . 44,643] 43,945] 43,126] +16] +19] -2.2 53,209] 43,206] 41,154] 49,477} -+7.5| 514,253] 483,114
Excluding aircraft and parts 38,502] 38,132] 37,528) +1.0] +16 -2.3] 45,082] 37,450] 36,000} 42,832] +53] 449,697] 420,096
Defense capital goods‘... . 6,196] 6,195] 5,672] 0.0] +9.) -6.8) 7,294] 6,422] 5,545] 7,050] +3.5] 72,083] 72,659
Durables excluding capital good 117,567] 120,004} 120,026] -2.0] 0.0 -0.4} 109,512] 121,665{ 126,087] 107,027] +2.3| 1,409,409 [1,354,812
Miscellaneous series :
Producers’ durable equipment . 107,302} 108,968} 108,339] -1.5] +0.6 2.0} 109,945] 109,883] 110,127] 106,137] +3.6| 1,280,611 1,213,649
Household durable goods . . 9,355] 9,423] 9,385] -0.7) +0.4/ +0.7/ 8,724] 10,097] 10,438] 7,922] +10.1] 109,803] 100,018
Information technology industries . | 21,766] 21,482] 21,094] +13] +18) -1.6 27,923} 21,541] 19,727] 26,042} +72] 251,970] 229,892
Health care equipment
and products ............... 10,628) 10,604 10,676] +0.2}  -0.7} +0.8} 11,318] 10,525) 10,716] 10,453] +8.3) 123,568] 113,410
NEW ORDERS
All manufacturing industries 315,933] 320,244] 321,887] -1.3]  -0.5{  +1.1] 312,371] 319,916] 331,619] 303,334] — +3.013,754,136 13,577,098
Market categories :
Automotive equipment . . 13,274] 13,898] 14,046] -4.5]  -1.1] 4.3} 11,576] 14,364] 15,161] 11,766] 1.6] 164,893] 158,406
Home goods and apparel 18,913] 19,043) 19,263} -0.7] 1.1] +1.7] 16,059] 19,270] 21,244] 15,034] 6.8] 222,753] 212,675,
Consumer staples ..... . 67,728] 68,163] 67,942) -0.6} +0.3] +2.5] 68,064] 68,996] 70,054] 63.349] +74] 790,321] 732,408
Machinery and equipment . 55,898] 55,797) 58,814] +0.2| -5.1] 2.9] 61,167] 55,882] 59,270] 64,079] -4.5| 684,247] 634,727
Business supplies 25,389| 25,409] 24,893) -0.1] 42.11 -0.1] 24,665] 25,863] 25,382) 22.943] +7.5| 296,050] 277,724
Construction materials
and supplies. . 19,852] 19,500] 19,612} +1.8| -0.6] -0.7} 18,201] 19,201] 20,684] 16,708} +8.9| 230,709} 223,519
Defense products... 1... 8,708} 9,251] 5,867) -5.9] +57.7] +8.8| 11,937] 9,188] 5,308] 9,877] +209] 83,499] 73,252
Other materials, supplies and
and intermediate products ..... . 106,171] 109,183] 111,450] -2.8)  -2.0)  +3.2} 100,702} 107,152] 114,516] 99,578] +1.1| 1,281,664 |1,264,387
Durable goods industries :
Nondefense capital goods? ...... 43,822] 43,885] 47,482] -0.1] 7.6 -0.1] 51,395] 43,680] 46,635] 54,089] -3.0] 537,138] 495,620
Excluding aircraft and parts 36,646] 37,584] 38,425] -2.5]  -2.2] +2.0 42,233] 37,436] 38,022] 41,337| +22] 449,728] 425,760
Defense capital goods* ........ 8,445] 8,765] 5,369] -3.7) +63.3] +23! 11,708] 8,688} 4,860] 9,406] +245] 79,497| 67,894
Durables excluding capital goods . | 116,320] 119,238] 122,049] 2.4] 2.3} +0.8| 107.503] 119,217] 129,465] 106,255] +1.2]1,412,117]1,359,055
Miscellaneous series :
Producers’ durable equipment . . . . | 107,445] 107,709] 109,910] -0.2|_ -2.0]_ -3.0] 108,542} 108,318] 112,610] 110,737] _-2.0] 1,298,825 1,228,086
Household durable goods ....... 9,421 9,038] 9,660] +42] -6.4] +3.2) 8,507] 9,196] 10,589] 7,341] +12.8] 109,654] ” 99,931
Information technology industries . | 20,465) 21,242] 22,817] -3.7| 6.9] +13.3) 25.811] 21,424] 21,973] 25,051] +3.0] 250,291] 231,516
Health care equipment
and products ............. 10,346] 10,636] 10,385] -2.7] +24] -2.7] 10,818} 10,575] 10,749] 10,389] +4.1] 123,663] 112,964

* 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 material
handling equipment; metalworking machinery; special industry machinery; general industrial machinery;
industry machinery; electrical transmission and distribution equipment; electrical industrial apparatus; comm

and pafts; 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.

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

computer and office equipment, reftigeration, heating and service
wunications equipment; aircraft, missiles, space vehicles, and engines


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

Inventory / Shipments ratio Unfilled Orders / Shipments ratio!
Industry Dec. Nov. Oct, Sept Dec. Nov. Oct, Sept,
1996" 1996" 1996 1996 1996" + 1996 1996 1996
All manufacturing industries... . . 139 138 139 139 2.95 2.94 297 2.91
Durable goods industries ...... a 1.64 1.63 1.64 1.62 3.34 3.52 3.56 3.50
Stone, clay, and glass products .... . 1.23 1.20 1.16 1.20 1.04 0.98 0.96 1.01
Primary metals : 1.60 159 159 161 2.00 2.01 2.07 214
Fabricated metal products 149 147 148 147 145 1.42 1.42 139
Industrial machinery and equipr 1.79 184 184 1.80 235 242 2.42 239
Electronic and other

electrical equipment . . 1.46 1.46 151 173 185 191 181
Transportation equipment 179 1.75 1.65 12.87 12.68 13.02 12:18
Instruments and related pi 198 195 2.00 3.74 3.64 3.67 3.72
Nondurable goods industries 1.10 1.10 1 0.71 0.71 0.69 0.68

Food and Kindred products 0.85 0.84 0.86 fe) ) &)
Tobacco products ... 2415 218 2.03 (x) (x) (&) (xX)
Textile mill products: 1.53 155 1.55 (NA) (NA) (NA) (NA)
Paper and allied products 124 125 1.26 (NA) (NA) (NA) (NA)
Chemicals and allied products . 1.25 1.24 1.25 (xX) (xX) & x)
Petroleum and coal products a 0.76 0.76 0.79 ) (Xx) X) &
Rubber and plastics products... |. | 132 131 131 (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; kniting 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
Dec. Dec. Dec. Dec.
Dec? | 1995 Dec? | 1995- Dec? | 1995: Dec? | 1995-
Dec.! 1991- Nov. Dec.' 1991- Nov. Dec.! 1991- Nov. Dec.! 1991- Nov.
1996 1995 1996 1996 1995 1996 1996 1995 1996 1996 1995 1996
All manufacturing industries ...... ®) 02 0.1 &) 02 02 ~ 02 0.1 «) 0.1 01
Durable goods industries 02 0.2 02 02 04 04 0.0 01 Ol (x) 01 0.1
Stone, clay, and glass products (xX) 0.6 05 &) 12 08 (x) 0.6 0.7 (xX) 0.1 Ol
Primary 1 metals products : 33 06 04 1.0 19 09 4 0.5 a4 &) 92 o4

rn . a 0.6 04 (X) 4 0.5 ) 04 4 (X) .
Industrial machinery and equipment . 04 05 0.6 s 0.5 06 02 01 0.1 &) 01 01
Electronic and other

electrical equipment... 0.0 02 03] 02 03 06 0.1 03 03 ~ O1 02
Transportation equipment . 04 05 06} —-06 14 12 0.0 03 02 & 05 03
Instruments and related prod es) 03 0.5 (e9) 15 09 (00) 0.2 03 (x) 02 0.1
Nondurable goods industries (e9) 02 01 « 02 01 (es) 0.4 02 x) 0.1 OF
Food and kindred products @ 02 0.2 8 (X) (X) &) (X) (Xx) (X) 0.1 0.1
Tobacco products . . & 01 01 &) (x) (x) &) (x) &) (x) 0.0 0.0
Textile mill products (x) 01 04 (X) | (NA) | (NA) (X)} (NA) ] NA) (X) 02 01
Paper and allied products . . x) 02 Ol |] Nay] (Na) &)] Na) | (NA) (X) 02 02
Chemicals and allied products BM) 02) 03) Ol OO) Wl WW] Wl] &W] Wy] ol] on
Petroleum and coal products. & 06 04 tela) & ® & &) ) & 03 02
Rubber and plastics products . @) 02) 02) Ml WO] KW] Wl Wl] W] WI] 02] 02

Capital goods industries
Nondefense . 02 04 04 04 0.6 06 0.0 02 0.1 ® 05 03
Defense .... 01 Li 08 1.0 69 64 02 03 04 (Xx) 05 04

(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

ie

BS

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

Manufacturers’ Shipments,
Inventories, and Orders

December 1996
M3-1-(96)-12
For Wire Transmissions 10:00 a.m. E.S.T. February 5, 1997

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

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

Summary

New orders for manufactured goods in December decreased $43
billion or 1.3 percent to $315.9 billion, the Department of Commerce,
Bureau of the Census reported today. This follows a 0.5 percent November
decrease and is the fifth decline this year. Excluding transportation, new
orders decreased 1.5 percent, following a 0.7 percent November decrease.
New orders for 1996 are 4.9 percent above 1995.

Shipments, down for the first month since June, decreased $2.0
billion or 0.6 percent to $315.6 billion, following a 0.6 percent November
increase. Shipments for 1996 are 4.3 percent above 1995.

Unfilled orders, up for the fourth consecutive month, increased $0.4
billion or 0.1 percent to $514.6 billion, following a 0.5 percent November
increase. The unfilled orders-to-shipments ratio was 2.95, up from 2.94 in

lovember.

Inventories, down for the first month since June, decreased $1.2
billion or 0.3 percent to $438.2 billion, following a 0.3 percent November
increase. The inventores-o-shipments ratio was 1.39, up ftom 1.38 in
November.

New Orders

‘New orders for manufactured durable goods in December decreased
$33 billion or 1.9 percent to $168.6 billion, revised from the previously
published 1.7 percent decrease. This follows a 1.7 percent November
decrease and is the seventh decline this year.

Electronic and other electrical equipment had the largest decrease,
$3.6 billion or 12.7 percent to $24.4 billion, mostly due to communication
equipment and electronic components. ‘This follows a 103 percent
November decrease. Fabricated metal products, down two of the last three
months, decreased $0.4 billion or 2.4 percent to $17.7 billion, following a
0.4 percent November increase. Transportation equipment, down two of the
last three months, decreased $0.2 billion or 0.6 percent to $41.7 billion, as
decreases in motor vehicles and parts and aircraft and parts more than ofiset
increases in shipbuilding and tanks and railroad quipment. Primary metas,
up for the second consecutive month, increased $0.5 billion or 3.2 percent
to $149 billion, following a 1.0 percent November increase. Industrial
machinery and equipment, up for the first month since July, increased $0.4
billion or 1.4 percent to $32.0 billion. This follows a 0.9 percent November

New orders for nondurable goods, down for the first month since
August, decreased $1.0 billion or 0.7 percent to $147.3 billion, following a
0.9 percent November increase. Food and kindred products, leather and
leather products, and textile mill products had the largest decreases.

Shipments

Shipments of durable goods in December decreased $1.7 billion or
1.0 percent to $168.4 billion, revised from the previously published 0.8
Percent decrease. This follows a 0.8 percent November increase.

Transportation equipment, down two of the last three months, had the
largest decrease, $0.9 billion or 2.3 percent to $382 billion, as a large
decrease in motor vehicles and parts more than offset an increase in aircraft
and parts. This follows a 0.9 percent November increase, Electronic and
other electrical equipment decreased $033 billion or 0.9 percent to $28.1
billion, the first decrease since July. Instruments and related products, down

for the first month since September, decreased $0.2 billion or 1.7 percent to
$12.6 billion. This follows a 1.2 percent November increase. Fabricated
metal products, down three of the last four months, decreased $0.2 billion
or 1.3 percent to $17.6 billion, following a 0.6 percent November increase.
Stone, clay, and glass products, down four of the last five months, decreased
$0.1 billion or 2.0 percent to $6.9 billion, following 22.1 percent November
decrease, Industrial machinery and equipment, up for the first month since
September, increased $0.5 billion or 1.6 percent to $32.4 billion, following
0.2 percent November decrease. Shipments of nondurable goods, down for
the first month since August, decreased $0.3 billion or 0.2 percent to $147.1
billion, following a 0.5 percent November increase. Food and kindred

roducts, down for the first month since September, had the largest decrease,

0.6 billion or 1.6 percent to $39.0 billion. This follows a 0.4 percent
November increase.

Unfilled Orders

Unfilled orders for durable goods in December increased $0.2 billion to
$488.9 billion, unrevised from the previously published $0.2 billion increase.
This follows a 0.4 percent November increase and is the seventh increase in
the last eight months.

Transportation equipment, up seven of the last sight months, had the
largest increase, $3.5 billion or 1.4 percent to $252.8 billion; all component
industries except motor vehicles and parts increased. Instruments
related products increased $0.5 billion or 1.0 percent to $47.0 billion. This
follows a 0.3 percent November increase and six consecutive monthly
declines. Stone, clay, and Products, up three of the last four months,
increased $0.3 billion or 3.9 percent to $6.8 billion, following a 0.4 pereent
November increase. Fabricated metal products, up for the eleventh
consecutive month, increased $0.1 billion or 0.5 percent to $23.8 bil
Electronic and other electrical equipment, down for the second consecutive
month, declined $3.7 billion or 7.0 percent to $48.7 billion, following a 0.7
percent November decrease. Industrial Machinery and equipment, down for
the fourth consecutive month, decreased $0.4 billion or 0.5 percent to $72.0
billion, following a 0.5 percent November decline. Primary metals, down
for the fourth consecutive month, decreased $02 billion or 0.5 percent to
$30.2 billion, following a 2.0 percent November decrease.

Inventories

Inventories of durable goods in December decreased $1.2 billion or 0.4
percent to $276.7 billion, the first decline since June. Industrial machinery
and equipment, down four of the last five months, decreased $0.9 billion or
15 percent to $57.8 billion. This follows a slight November increase.
Electronic and other electrical equipment, down for the first month since
July, decreased $0.4 billion or 0.9 percent to $41.2 billion. Transportation
equipment, down for the first month since April, decreased $0.2 billion ot
0.2 percent to $68.3 billion. This follows a 0.3 percent November increase.
Primary metals, up four of the last five months, increased $0.2 billion or 0.9
percent to $24.2 billion.

Inventories of nondurable goods, down for the first month since July,
decreased slightly to $161.4 billion, following a 0.4 percent November
increase. Decreases in printing, publishing, and allied industries; and food
and kindred products more than offSet an increase in chemicals and allied
products.

By stage of fabrication, December finished goods decreased 0.3 percent
in durables and increased slightly in nondurables. Work in progress
decreased 0.4 percent in durables and increased 0.5 percent in nondurable.
Materials and supplies decreased 0.6 percent in durables and 0.3 percent in
nondurables.

(See Back Page for 1997 Release Dates)
ur intemet address is httpy/Awww.census.gov/ftp/pub/indicatorhwww/m3prel. html

‘The advance report on durable goods for January is scheduled for February 27, 1997 at 8:30 a.m. and the full report on March 6, 1997 at 10:00 am. For sale by the Superintendent of
Documents, U.S. Government Printing Office, Washington, DC 20402. This report is available on the day of issue through the Department of Commerce's online Economic Bulletin Board

(N-8-1) (202-482-3870).


Nondefense Capital Goods 1
New Orders and Shipments

Three Month Moving Averages
Billions of Dollars

52F---------------------------------e eee New Orders |] 52

Shipments

L ! 1 l L f L n ! n ! i n
Dec Feb Apr Jun Aug Oct Dec Feb Apr Jun Aug Oct Dec
Dec. 1994-Dec. 1996

Defense Capital Goods
New Orders and Shipments

Three Month Moving Averages
Billions of Dollars
10 10

9 New Orders

Shipments

4
Dec Feb Apr Jun Aug Oct Dec Feb Apr Jun Aug Oct Dec
Dec. 1994-Dec. 1996

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
Dec. Nov. Oct. | Nov- Oct. | Sept- Dec. Nov. Oct. Dec. Dec.
1996? 1996" 1996 Dec. Nov. Oct. 1996? 1996" 1996 1995 | 96/95
MATERIALS AND SUPPLIES
All manufacturing industries... . . 142,171 | 142,808 | 143,152 04] -02 | -0.3 | 142,273 | 143,081 | 143,696 | 145,488 22
Durable goods industries ......... 82,032 82,494 82,585 0.6 0.1 09 82,102 83,170 83,215 83,379 15
Stone, clay, and vas products 809 2,827 2,825 0.6 40.1 +14 2,817 822, 2,830 156 +22
Primary metals 7,715 7,806 7,772 04 +04 0.0 8,055 7,977 7,897 7,760 43.8
9,761 9,751 9,784 40.1 03 +14 9,934 9,679 ,693 9,487 +47
16,629 16,907 16,955 16 03 41 16,294 17,141 17,026 17,694 79
14,359 14,458 14,414 0.7 +03 40.1 14,131 14,365 14,578 15,020 59
12,491 12,561 2,680 0.6 09 03 12,452 12,723 12,676 12,165 42.4
776, 649 7,767 +17 “1S AD 677 7,598 792 7,281 +5.4
£0,432 10,535 10,388 1.0 +14 0.7 10,742 10,865 10,723 11,216 42
Nondurable goods i 60,139 60,314 60,567 03 04 40.6 60,171 59,911 60,481 62,109 3.1
Food and kindred modu 11,505, 11,566 11,617 0.5 0.4 +04 11,689 11,903 11,995, 11,831 “12
Tobacco products 4340 | 4,732 | 4,761 | +23] 06] +06} 5,133 | 4,502 | 4,587 | 4,886 +51
Textile mill products 33062 | 3,049 | 3,027 | +04] +071 +24] 3,027 | 2990 | 2,936 | 2,971 +19
Paper and allied d products 7,733 7,746 7,781 02 04 0.1 7,159 7,735 7,803 8,691 10.7
Chemicals and allied products 13,017 13,082 13,086 0S 0.0 40.1 12,934 13,026 13,027 12,759 +14
Petroleum and coal products 4,21 4319 385 24 15 +15 4,057 223 443 043 +03
Rubber and plastics 5,878 5,894 5 3 0.6 +1.0 5,912 5,833 5,841 5,926 02
‘Apparel pri pring 3 an
9,889 9,926 9,982 04 0.6 +08 9,660 9,699 9,849 11,002 122
WORK IN PROCESS
All manufacturing industries ..... 146,931 | 147,288 | 146,253 02 +07 +1.0 | 142,098 | 148,552 | 147,744 | 136,213 +43
Durable goods industries ........- 120,569 | 121,045 | 120,156 04 +0.7 +11 | 116,408 | 121,834 | 120,827 } 111,173 +47
Stone, Clay, anc and glass products .... 1,265 1,266 1,243 01 +19 42.1 1,175 168 1,162 1,143 42.8
Primi . 9,150 8,985 8,969 +18 402 +03 9,031 8,813 8,924 8,821 +24
prod : 7,146 7172 7,149 04 +03 19 ns 7,127 7,176 7,573 -7.6
Industrial machinery and ‘equipment 24,030 24,032 23,670 OO} +15 +15 22,728 24,340 23,865 22,536 +0.9
Electronic and other
i 15,399 15,651 15,546 16 +07 0.2 14,830 15,629 15,521 14,055 +55
48,068 48,213 47,583 03 +13 +19 46,759 029 48, 2,444 +102
11,034 11,264 11,380 2.0 10 +22 10,540 11,369 11,474 10,101 +43
4477 | 4462] 4616 | +03 | 33 07} 4346] 4,359 | 4,614 | 4,500 34
Nondurable goods industries . 26,362 26,243 26,097 +05 +0.6 +05 25,690 | 26,718 26,917 25,040 42.6
Food and kindred Products . 4,594 4,680 4,643 18 +08 02 4,865 5,110 5,272 4,694 43.6
Tobacco products 414 334 2: +24.0 | +144 | +207 495, 403 268 +664
Textile ml products 2,723 2,693 2,707 +1) 0.5 0.6 2,599 2,668 2,690 2,733 49
Paper and all oducts 1,779 1,774 1,775 +03 Al 0.1 1,747 1,715 1,709 5720 +16
Chemicals nia lied products 6,773 6,585 6,629 42.9 0.7 14 6,635 6,550 6,612 489. +22
Petroleum and coal 2,612 2,583 2,579 +11 +02 423 2,457 2,588 2,621 2,276 $8.0
Rubber, and_ Plastics 2,071 2,067 2,047 40.2 +10 2 2,062 2,112 080 027 +17
and feather g goods 5,396 5,527 5,425 24 +19 +3.0 4879 5,480 5,530 4,833 +10
FINISHED GOODS
All manufacturing industries ..... 149,071 | 149,275 | 148,729 0.1 +03 | 143,953 | 147,869 | 147,373 | 140,940 | +#2.1
Durable goods industries ......... 74,147 74,378 74,587 0.3 +06 71,090 73,563 73,327 68,978 31
Seon clay, and glass products . 43 4300 | 4239] +16 07 | 4263 | 4121 1052 | 4,316 2
ary metals 7,287 7,212 7,060 +10 ld 79 7,053 6,877 6,972 +21
9,323 9,235 9,199 +10 +0.7 8,795 8,891 8,857 8,659 +16
17,132 17,740 18,037 3.4 +2.0 16,666 17,807 17,697 16,241 +2.6
11,467 11,492 11,321 0.2 +14 10,826 11,407 11,268 10,421 43.9
7,692 7,629 7,924 +08 -2.0 7,104 743 8,017 6,981 +18
ar . 6,068 6,018 6,098 +08 +08 5,905 6,134 6,240 5,819 +15
miscellaneous durable goods . . . . 10,809 | 10,752 | 10,709 | +0.5 +09 | 10,412 | 10,407 | 10319 | 9,569 | +88
ndurable goods industries . 74,924 74,897 74,142 0.0 0.0 72,863 74,306 74,046 71,962 +13
‘Pood and a Kindred products . 17,171 17,245 17,036 0.4 12 0.7 16,931 17,990 17,932 16,821 +0.7
Tobacco 833 | 1,006 861 | 172] +168 | +143 885 | 1,159 3014 715 | +142
Textile mill I produ 4,335 4,346 4,330 03 +0.4 0.8 4,056 4,209 4,199 4,159 25
Paper and ed prog 6,936 7,017 7,078 0.9 ld 6,708 6,852 6,858 997 41
Chemicals and allied prods 20,048 19,794 19,625 40.9 +09 19,900 19,432 19,261 19,065 +44
Petroleum and coal products 5,916 5,781 6.24 +28 “13 5,601 856 5,709 5,015 +117
Rubber and plastics products 7,674 7,617 7,563 +07 +05 7,520 7,339 7,286 7,162 +5.0
‘Apparel, printing and publishin}
and leather goods ............- 12,011 12,091 12,025 0.7 +05 01 11,262 11,469 11,787 11,968 59

° 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
Dec. Nov. Oct,| Nov-| Oct-| —Sept- Dec. Nov. Oct, Dec.} Dec.
1996" 1996" 1996] Dec.} Nov.] Oct.| 19967] 1996" 1996 1995] 96/95
All manufacturing industries .... . 514,639} 514,261] 511,565] +01] +05] +13] 509,112] 508,490] 507,610] 474,475] +73
Manufacturing industries
without defense capital goods ..... 404,015 | 405,886 | 405,760 0.5 0.0] +17] 398,587] 402,379] 403,765] 371,364] +73
Durable goods industries ....... 488,928] 488,747] 487,003 0.0] +04] +13] 484,722] 484,131] 483,839] 451,715] +73
Stone, clay, and glass products . 6772} 6517} 6489] +39] +04] -14] 6499] 6,206] 6317] 6,762] 3.9
Primary metals .... . 30,161] 30,311] 30,928) 0.5)  -20/  -2.0] 29,237) 28,490] 29.286] 28,275} +34
Blast furnaces, stee! mills . 12,409] 12,498] 12,776] -0.7| = -2.2) 9-11] 11,751] 11,661] 12,006} 11,678] +06
Iron and steel foundries. . 4420] 4281] 4192] 43.2] 421 -34| 4301] 4,108] 4,088] 3,570] +205
Nonferrous and other primary
13,332] 13,532] 13,960] -1.5 24) 13,185] 12,721] 13,192} 13,027) +12
a al 23,750] 23,641} 23,324] +0.5 +15] 23,474] 23,136] © 23,172] 21,321] +10.1
Industrial machinery and equip: 71991| 72,384] 72,713] 0.5 . 0.1} 71,959} 73,191] 72,711} 70,564] +2.0
Engines and tu 11309] 11,301] 1115S} +01] +13] 419] 11,813] 11,882] 11553] 11,435] +33
Construction, mining and
material handling equipment 9,087 9,041 9,043 40.5 0.0 41 8,951 8,860 8,854 8,683 43.1
Metalworking machinery. . . 8588} 8,883) 9,175] 9-33] 32] 0-03] 8588] 8.883] 9.175] 8467] +14
Computer and office equipment . 10,358) 10,063] 10,138] +29] -07] +18] 10,089} 10,591] 10,519] 9,776] -+3.2,
Electronic and other
electrical equipment ..........- 48,741 | 52,434] 52,829 7.0 0.7 +73] 47,364] 52,385] 53,534] 48,985 33
Electrical transmission and
distribution equipment and
industrial apparatus ........... 6431} 6,422] 6,310] 40.1] +18] 40.6] 6,278] 6,403] 6,308] 6,061] +3.6
Electric lighting and
wiring equipment ........ 4484/4332] 4395] 43.5] 14] +15] 4,484] 4332] 4,305] 3,930] +14.
Communications equipment . 13,283] 15,418] 15,448] -138] 0.2] 494] 13,269] 15,393] 15,482] 14,504] -8.5
Electronic components . . 20,406 | 22,186] 22,626) 8.0) -19| +107) 19365] 22.257) 23,331} 20,791 69
Transportation equipment . . 252,842 | 249,332] 246,501] +14] +11{ +12] 252,199] 247,239] 244,623] 221,161] +14.0
Aircraft, missiles,
space vehicles, and parts. 221,467| 219,552] 217,081] +09) +11] +17] 221,063] 217,731] 215,393] 191,054] +15.7
Shipbuilding and tanks 18,254] 16,869] 16373} +82] +430] -24] 18,099] 16810] 16,403] 16,987) +65
47/043 | 46,583] 46,433] +10] +03 04] 47311] 46,325] 46.341] 48,149] -1.7
3 ¢ - | 28319] 28,094] 27965) +08] +05] -0.1] 28638] 27,676] 27,659] 29,793] -3.9
Measuring and controlling devices . 10,081 9,631 9,670 +4.7 04 +09 10,081 9,631 9,670 10,104 0.2
Medical instruments and supplies 7,592] 7,874] 7,843{ -36] +04] -36/ 7,592] 8,091 8,042} 7,501] +12
All other durable goods .......... 7628} 7,545) 7,786) +1. 31] +41] 6679] 7,159] 7,855] 6,498] 42.8
Nondurable goods industries . . . 25,711) 25,514] 24,562) +08] 43.9] +12] 24,390] 24,359] 23,771] 22,760] +72

? 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

Dec. Nov. Oct.
1996? | 1996" 1996

Oct.- | Sept Dec. Nov. Oct. Dec. Dec.
Nov.]| Oct} 1996" 1996" 1996 1995 | 96/95 1996? 1995

All manufacturing industries... . . | 315,933} 320,244) 321,887] -1.3] -0.5) +1.

312,371) 319,916] 331,619} 303,334] +3.0| 3,754,136 [3,577,098

fanufacturing industries
with unfilled orders

174,936] 177,500] 178,812] -1.4] 0.7] +1.2| 180,024] 177,735] 183,051] 178,152] +1.1]2,089,834|1,992,621
without defense capital goods .

307,488] 311,479) 316,518) -1.3 -1.6{ +1.0} 300,663] 311,228] 326,759} 293,928) +2.3 | 3,674,639 [3,509,204

nurable goods industries .
With unfilled orders
tone, clay, and glass products .
timary metals...
Blast furnaces, steel
Iron and steel foundries
Nonferrous and other primary

168,587] 171,888] 174,900] -1.9] —-1.7] +06) 170,606] 171,585} 180,960} 169,750] +0,5 | 2,028,752 }1,922,569
138,381] 140,481] 142,909) -1.5 =L.7]  +1.6] 144,310] 140,046] 146,662) 143,712] +0.4} 1,656,959 |1,563,407
7,120) 7,032) 7,065} +13) -0.5)  -1K 6,234) 6,938} 7,415} 5,601] +113) 82,338] 75,658
14,938] 14,479] 14,330) +3.2) +1. -2.0) 14,781] 14,126} 14,494] 14,856] 0.5) 179,830] 184,056
6,132 5,858] 6,023] +4.7]/ | -2.7) 3.2] 5,826) 5,634) , 5,994 28 73,897| 76,502
1,505} 1,482) 1,269) +16] +168) -11.3] 1,320 1,398 1,357 997) +32.4 17,377) 15,274

metals 7301] 7,139] 7,038] +23] +14) +1.0/ 7,635] 7,094} 7,069 7,865] -2.9] 88,556] 92,280
abricated metal products . . - | 17,671] 18,102] 18,024] -2.4] +0.4f -1.01 16,617] 17,702] 18,705] 15,559] +6.8] 211,025] 198,966
adustrial machinery and equipment .| 31,981] 31,543] 31,839} +14] -0.9| -1.4) 34,408] 31,188] 31,965] 32,442] +6.1] 382,177] 358,502

Engines and turbines .......... 1,697] 1,841] 1,885] -7.8]  -2.3) +13.4) 2,375] 1,970] 1,930] 2,061] +15.2] 20,978] 21,533
Construction, mining and
material handling equipment .
Metalworking machinery . .

3,720{ 3,680] 3,298) +1.1] +11.6] -11.6) 3,699] 3,515] 3,392) 3,776) 2.0} 43,340) 41,404
3,056] 3,049) 3,231] +0.2) -5.6) +1 3,280] 3,383) 3,483| 2,826) +16.1 38,380] 36,327

Computer and office equipment... | 9,417] 8583] 8848] +97| -3.0 +06 11.886] 8488] 81338) 10,147] +171] 104,937] 93,148
lectronic and other
electrical equipment ........... 24,448) 28,012) 31,216) -12.7} -10.3) +17.2) 25,921) 28,320) 33,561] 27,547) -5.9] 322,733] 306,974

Electrical transmission and
distribution equipment and
industrial apparatus ........... 3,080} 3,487] 3,268
Electric lighting and
wiring equipment ......
Communications equipment . .
Electronic components .
‘ransportation equipment . .
Aircraft, missiles,
space vehicles, and parts. .....] 11,433] 11,622} 12,180)

+6.7] +3.6] 2,870] 3,376) 3,207) 2,941 -2.4) 37,784) 36,858

2,250] 2,023] 2,098!
4472] 6,601] 7,572
9,245] 10,600] 12,995|
41,701] 41,933] 41,596]

-3.6{ +47} 2,330) 2,134) 2,079) 2,146 +8.6 24,918) 23,731
12.8] +36.4| 7,146] 6,719] 7,282) 7,669 6.8 71,973| 65,074
18.4] +21.6{ 8,409] 10,213] 14,937] 9,825] -14.4] 124,203] 121,696

+0.8} -6.8) 42,403} 42,660) 42,702) 44,541 4.8} 491,209) 454,270

15,473] 11,554] 11,380} 18,194) -15.0] 133,316] 109,211
338) 873

Shipbuilding and tanks .. 2,139) 1,281 330) 2,162} 1,146] +147.7| 10,915} 7,296
istuments and related products ....| 13,042] 12,955] 12,448 14,495] 13,001] 12,387] 14,660] =1.1] 149,536} 143,317
Search and navigation equipment .} 2,737] 2,723) 2,493 3,677| 2,727) 2,283) 3,934] -6.5} 29,016] 28,231
Measuring and controlling devices .| 4,254) 3,823] 3,912 4,566] 3,817] 3,802) 4.517] +11) 45,380] 45,204

3,969} 4,109} 3,915} 4,093 -3.0} 48,002] 43,858
15,747] 17,650} 19,731} 14,544) +83] 209,904] 200,826

Medical instruments and supplies . 3,813) 4,133) 3,784]
ll other durable goods . - | 17,686] 17,832} 18,382]

fondurable goods industries .... ...| 147,346] 148,356] 146,987] -0.7| | +0.9] +1.6| 141,765] 148,331] 150,659] 133,584) +6.1} 1,725,384 |1,654,529
With unfilled orders . . . 36,555] 37,019} 35,903) -1.3{ +3.1] -0.6] 35,714] 37,689] 36,389] 34,440} +3.7] 432,875] 429,214

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

(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
\crease 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,
‘hich includes errors of coverage, response, and nonreporting. Since the survey panel is not a probability sample, estimates of sampling error cannot be calculated. Further
atails on survey design, methodology, and data limitations are contained in our most recent annual benchmark publication, Current Industrial Reports: M3-1(95),
Manufacturers’ Shipments, Inventories, and Orders: 1982-1995."


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

‘Seasonally adjusted

‘Not seasonally adjusted’

Monthly Percent Change Monthly Percent Year to date
Industry change
Dec.} Nov.| Oct, | Nov.-} Oct-} Sept-| Dec.] Nov.| Oct.| Dec.| Dec.
1996" 1996" 1996 | Dec. | Nov.| Oct.} 1996” 1996" 1996 1995 | 96/95 1996" 1995
All manufacturing industries .... . 315,555] 317,548] 315,510) -0.6) +0.6}  +0.1} 311,749] 319,036] 324,083) 297,942] +4.6 | 3,719,499 |3,566,93'
Manufacturing Industries
with unfilled orders .......... 174,558} 174,804] 172,435} -0.1] | +14] — -0.6] 179,402] 176,855] 175,515] 172,760) +3.8} 2,055,197 }1,982,45:
without defense capital goods 309,359} 311,353} 309,838} -0.6]  +0.5|  +0.2) 304,455) 312,614] 318,538] 290,892] +4.7| 3,647,416 |3,494,27
Durable goods industries . 168,406] 170,144] 168,824) -1.0} +0.8)  -1.1] 170,015] 171,293] 172,786] 163,554) +4.0| 1,995,745 |1,910,58:
With unfilled orders 138,200) 138,737] 136,833] -0.4) +1.4 — -0.5} 143,719] 139,754] 138,488] 137,516) 44.5] 1,623,952 |1,551,42:
Stone, clay, and glass products. 6,865} 7,004] 7,157] -2.0)  -2.1)+3.8} 5,941 7,049} 7,817] 5,685 +45 82,601] 75,54:
Primary metals .. . 15,088] 15, 096] 14,969] -0.1] $0.8) +13) 14,034) 14,922] 15,355] 13,909 +09} 178,868} 184,50:
Blast furnaces, steel a 6,221 6,136] 6,171 . 0.6) -0.5] 5,736] 5,979} 6,393) 5,572) +2.9| 73,824) 75,48:
Iron and steel foundries .. . oe 1,366) 1,393 1,415) -1.6{ -1.6) 1,127] 1,378} 1,504 1,087 43.7 16,646] 15,38"
‘Nonferrous and other primary
metals... ........-- . 7,501 7,567} 7,383) +25) +3.4) 7,171 7,565} 7,458) 7,250 “ll 88,398] 93,63:
Fabricated metal products . -+ | 17,562] 17,785} 17,683) +0.6]  -0.6) 16,279} 17,738] 18,674] 15,559) +4.6) 208,872] 198,72"
Industrial machinery and eq pment - | 32,374) 31,872} 31,933 0.2} -1.8] 35,640} 30,708] 30,934) 33,777, +5.5] 380,782} 353,55
Engines and turbines . 1,689} 1,695] ‘1,681 +0.8) +05] 2,444) 1,641 1,521) 2,312) +5.7} 20,600) 21,22:
Farm and garden machi 1,774 1,925 1,925 0. 3.8) 1,348] 1,610] 1,827| 1,365] 1.2] 22,334) 20,711
Construction, mining and
material handling equipment 3,674] 3,682) 3,688] -0.2| -0.2| +0.1] 3,608] 3,509] 3,671] 3,617| -0.2/ 43,072] 39,90
Metalworking machinery . . 3,351 3,341 3,254] +03] +2.7/ +2.0, 3,575] 3,675] 3,506] 3,244] +10.2] 38,259) 36,35
Computer and office equipment 9,122] 8,658] 8,668} +5.4) -0.1) 4.1) 12,388] 8,416] 7,645} 11,152] +111] 104,624) 93,40
Electronic and other
electrical equipment ........... 28,141] 28,407} 27,600) -0.91 +2.9] +1.5) 30,942] 29,469) 27,819] 28,996) +6.7| 324,354) 300,62
Electrical transmission and
distribution equipment and
industrial apparatus . 3,071) 3,375] 3,233) -9.0} +4.4) +14) 2,995] 3,281] 3,107} 3,086] 2.9} 37,567} 36,92:
Household appliances . 2,104] 2,055} 2,050} +2.4) +0.2] +3.0) 1,984] 1,992] 2,052) 1,768} +12.2] 24,407) 23,28"
Electric lighting and
wiring equipment............ 2,098} 2,086 2,031) +0.6] +27} -1.1) 2,178] 2,197} 2,012) 2,033] +7.1] 24,364] 23,52.
Household audio and
video equipment 1,313 1,267 1,276} +3.6| 0.7 34 1,249) 1,589} 1,768) 1,148 +88 15,263} 14,05:
Communications equipment . 6,607] 6,631] 6,244) -0.4  +6.2]  -0.1] 9,270] 6,808) 5,918] 8,107} +14.3) 73,208) 63,181
Electronic components . 11,025] 11,040} 10,801 0.1] +2.2)  +3.5) 11,301} 11,287) 10,748} 10,786} +48] 125,629] 116,26.
Transportation equipment . 38,191} 39,102} 38,755) -2.3) +09} -5.1] 37,443} 40,044] 40,372] 36,882 +15} 460,171) 451,25
Motor vehicles and parts . 25,816} 27,148) 27,469) -4.9) -1.2}  -3.8) 22,582] 28,109} 29,463] 23,272) -3.0] 322,570} 314,02:
Aircraft, missiles,
space vehicles, and parts. 9,518) 9,151] 8,558] +69}  -5.8] 12,141] 9,216] 8,130} 10,559] +15.0] 103,307} 102,28
Shipbuilding and tanks 754) 785 739) +62) -14.3] 873 739) 696) 970) -10.0 9,803} 10,101
Instruments and related prodt 12,582] 12,805} 12,651 +12) +0.8) 13,509] 13,017] 12,309} 13,445 +0.5} 150,374] 145,08
Search and navigation equipment . 2,512) 2,594) 2,523 42.8) +4.3) 2,715] 2,710) 2,359] 2,680) +13 30,171] 30,47
Measuring and controlling devices . 3,804) 3,862) 3,829) +09) +13] 4,116) 3,856) 3,719) 4,493 +84) 45,403] 44,341
Medical instruments and supplies. 4,095] 4,102] 4,076 +06 -2. 4,468} 4,060] 3,883) 4,154] +76) 47,911] 44,29t
Photographic goods . . . 1,754] 1,826) 1,815 +0.6 +0.6) 1,807} 1,969] 1,944] 1,784) +13] 22,287) 21,878
All other durable goods . 17,603} 18,073] 18,076) 0.0} -0.5} 16,227} 18,346} 19,506} 15,301 +6.1) 209,723) 201,28
Nondurable goods industries . 147,149] 147,404} 146,686} +05] +15] 141,734] 147,743] 151,297] 134,388 +5.5| 1,723,754 |1,656,34:
With unfilled orders . . . 36,358} 36,067] 35,602) +13) -0.8) 35,683] 37,101] 37,027] 35,244 +12) 431,245) 431,03(
Food and kindred Products . 39,031) 39,668] 39,529} +0.4)  +2.4) 38,858] 40,506} 41,248] 37,848] +2.7) 464,225) 440,93¢
Meat products . 9,100] 9,219] 9,084) +15] +25] 9,009} 9,311] 9,423] 8,842] + +1.9] 108,029] 102,66
Dairy products . 4,980] 5,055] 5,042! +03) +0.5] 4,920] 5,266] 5,006; 4,689) +49] 58,479] 54,73.
Beverages . . 5,735] 5,914) 5,709) +3.6) +1 5,339} 5,655] 5,551 5,064 45.4) 67,918] 63,61:
All other foods, except f fats and oils 17,023} 17,317] 17,567) 1.4) +3.3) 17,397} 18,111} 19,141] 17,298] +0.6] 205,829) 198,13¢
Tobacco products . . 2,837) 2,785} 2,888] -3.6{ +22) 2,908] 2,868] 2,920] 2,715) 471 33,368) 31,908
Textile mill products. 6.607} 6,505] 6,434] +11| -09| 6,068] 6,599] 6.738] 5,779] +5.0| 77,612) 78,81
Broadwoven fabrics and
other textiles 4,029) 3,953) 3,913] +10) -1.5] 3,848] 3,885) 3,944) 3,633 +5.9) 47,350] 48,33
Paper and allied products 13,252} 13,230) 13,253) 0.2) +0.1) 12,777] 13,104) 13,491] 13,552] 5.7] 161,271) 171,83:
Pulp, paper, and
Paperboard mill products ...... 5217) 5,191] 5,303) -2.1]  -0.6 5,139} 5,168] 5,350) 5,919} -13.2] 64,950] 75,82"
Paperboard containers and boxes . . 3,473) 3,443) 3,413] +0.9]  -0.5} 3,181] 3,353) 3,527) 3,216] 11] 41,480} 43,64:
Miscellaneous converted
Paper products .......... 4,562) 4,596} 4,537] +13) +15) 4,457] 4,583) 4,614) 4,417] 40.9) 54,841] 52,36:
Chemicals and allied products 31,970} 31,811} 32,039 0.7] +1.8} 30,808] 30,433) 31,549) 28,867} +6.7| 372,344] 358,52:
Industrial chemicals .. . . 15,804] 15,597] 15,546] +0.3} +0.8! 14,808] 15,035] 15,319] 14,128] +4.8| 184,270] 186,71¢
Drugs, soaps, and toiletries 12,019} 11,955] 12,143) -1.5|  +2.6 12,644] 11,892] 12,569] 11,614) +8.9} 139,103] 126,8%
Petroleum and coal products . 16,773] 16,655] 16,641 +01] 45.2] 16,134) 16,540] 16,920) 12,850} +25.6] 183,603] 154,13"
Rubber and plastics products sees] 11,842) 11,910) 11,832) +0.7] +0.3) 10,590) 11,461] 12,215] 10,454) +13] 141,869} 143,25¢
All other nondurable goods ....... 24,837] 24,840] 24,070 +3.2)  -0.5) 23,591] 26,232} 26,216) 22,323 +5.7| 289,462} 276,93"

* Prelimmary. * 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.