Table 4. VALUE OF MANUFACTURERS? INVENTORIES FOR INDUSTRY GROUPS
Mi

ns of dollars)

Seasonally adjusted

Not seasonally adjusted

Industry Monthly: Percent Change Monthly Percent
change
Apr. Mar. Feb.| Mar-|  Feb-{ Jan. Apr. Mar. Feb. Apr.| Apr.
1086" 1996" 1996] Apr] Mar.] Feb. 1996" 1996" 1996 1995] 96/95
All manufacturing industries . . . 421,705 | 421,521] 422,203 0.0 02} 40.2} 423,282] 420,801] 424,187] 407,559]  +3.9
Manufacturing industries
with unfilled orders oo... . 284,234) 284,253] 284,904 00) 0.2) 40.1] 285,562] 282,770] 285,336] 272,160] +49
without defense capital goods . 400,820] 400,344] 401,208] +0.1 0.21 — +0.2] 402,341) 399,687] 403,440] 385546] +44
Durable goods industries. . . 267,511] 267,190] 267,264] 40.1 0.0] 40.3) 268,502] 266,391} 269,058] 256,567] +4.7
With unfilled orders 245,766 | 245,441] 245,399] +01 0.0]  +0.2] 246,703] 243,961] 246,136] 234,876] +50
Stone, clay, and glass products 8183] 8,243] 8.272 “0.7 04) +04) 8,360) 8,388] 8,400] 8321] +05
Primary metals 2... . . 21,891) 22,045) 21,879) 0.7] 40.8] 40.1] 21,904] 21,986] 21.884] 21777] +06
Blast furnaces, steel mills . 10,674] 10,825] 10,639 14] 417] 40.1) 10,493] 10,646] 10,653] 10.215] 42.7
Iron and stee! foundries. 1,712 Wu 1,683] 40.1] +17] 426 1,763 1,762 1,692 1673) +54
Nonferrous and other primary
metals... 2... 9,505 9,509] 9,557 00{ 05 04] 9,648] 9,578] 9,539] 9,889] 24
Fabricated metal products 24,538] 24,644] 24.871 “0.4 09) 40.7) 24901] 24924] 25,085] 25.734 “32
Industrial machinery and equipmer 55,654] 55,299] 55,443 +0.6 03 +04] 55,709] 54,544] 56.211 51,770 +76
Engines and turbines... . . 3,574] 3,580] 3,657] -02 21 -2.0| 3,537] 3,455 3,554] 3,728 “5.1
Farm and garden machinery ... . . 2,859 2,798 2,751 422 +17 +0.7 2,833 2,953 3,049 2,757 +2.8
Construction, mining and
material handling equipment . 6,537 6,492 6,587 +0.7 -14 +07 6,648 6,614 6,691 6,499 423
Metalworking machinery 6,590 6,609 6,638 03 04 40.2 6,597 6,503 6,618 6,005 49.9
Computer and office equipment 13,081 12,906 13,052 +14 “ll 40.3 12,885 12,041 13,262 11,076 | +16.3
Electronic and other
electrical equipment ........... 47,642} 47,126] 47,369} +11 -0.5 08] 47,920} 46,626] 47,357] 43,509] +10.1
Electrical transmission and
distribution equipment and
industrial apparatus... . . 4,401 4407] 4,659] -0.1 “34 0.0} 4402) 4,368) 4,610] 4,872 9.6
Household appliances . . 2,625 2,654] 2,738 “11 31] 40.7] 2824] = 2794] 2881 3120] -9.5
Electric lighting and
wiring equipment... 0... 1... 3,214] 3,223] 3,264] 0.3 -13 08} 3,230] 3,199] 3,254) 3,244 “04
Household audio and
video equipment ...... 1,808 1,802 1,843{ +03 22] +20 1,774 Wu 1,758 1,483] +19.6
Communications equipment 15,980] 15,574] 15,507] +26] 40.4 17] 16,292] 15,389] 15,651] 14,159] 415.1
Electronic components. . 15,707] 15,529] 15,464] +11] +04 10] 15,456] 15,231] 15,381] 12,926] +19.6
Transportation equipment 61,087) 61,251 | 60,815 03] +07) +12] 61,083] 61412] 61,133] 58644] 44.2
Motor vehicles and parts 12,369] 12,461 12,122 0.7 42.8 0.1 12,309] 12,498] 12,247] 12,236 +0.6
Aircraft, missiles,
space vehicles, and parts. ...... 43,954| 44,048] 43,895 02] +03] +16] 43,946} 44,027] 43,908] 41,642] +5.5
Shipbuilding and tanks . . - 1,673 1,709 1672) 21} 422 04 1.724 1,743 1,709 1570] +98
Instruments and related products 23,556 | 23,435) 23,207 40.5) +1.0) +04} 23,676] 23229] 23.104] 22125] +70
Search and navigation equipment 5818} 5,726] 5,624) +16] 418 16] 5,871 5,633 5,642 5,550] +58
Measuring and controlling devices . 7,701 7,677) 7,614) 40.3) 40.8} = +13] 7,740] 71675] 7/596] ~~ 7,028] +101
Medical instruments and Supplies 6574] 6,568] 6,552] +0.1] 40.2) 40.7) 6581 6,464] 6507] 6115} +76
Photographic goods . o 2,586] 2,502] 2)553 02] +15} +08] 2596] —2)585 2,497) 2,539] +2.2
All other durable goods 24,960] 25,147] 25,408 0.7 “1.0 05} 24,949] 25,282} 25,884) 24.687) 41.1
Nondurable goods industries . . . 154,194} 154,331] 154,939 01 04 +0.1) 154,780} 154,410] 155,129] 150,992 42.5
With unfilled orders . . . 38,468] 38,812] 39,505, 0.9 -18 05] 38,859} 38,809] 39,200] 37,284 44.2
Food and kindred products . 31,987] 31,671] 31,660] +1.0 0.0} +07} 31,237] 31,339] 31/800] 30,303] +3.1
Meat products . . 4121 4,061 4,067{ +15 OL] +10] 4,187] 4125] 4134] 3524] 418.8
Dairy products . 2,651 2,542] 2668] +43, 47, -41 2,725] 2,507] 2620] 2880 “5.4
Beverages : S417] 5,433 5390] -03} +08] +09] 5450] $497] 5383 $359] +17
All other foods, except fats and oils 17,658 17,582 17,513 40.4 40.4 +11 16,669 17,053 17,488 16,987 AQ
Tobacco products . . 5,534] 5,555 5,578 04 04} 40.1 5,484 5,631 5960] 3412] +13
Textile mill products . 10,199] 10,230] 10,332] -03 10] 0.6} 10,470} 10,280] 10,461] 10,411] 40.6
Broadwoven fabrics and
other textiles .. 10... 5,692] 5,707 5,758] -03 09} -0.1 5,829] 5,722] 5,848] 5,789] 40.7
Paper and allied products 16,455] 16,684] 16,813 “14 -08 0.1} 16,692] 16,846} 16,889] 15.130] +103
Pulp, paper, and
paperboard mill products ...... 7,068 7,229 7,237 2.2 0.1 +13 7174 7,338 7,305 5,808]  +23.5
Paperboard containers and boxes 4192] 4,239] 43nd] 7] -17] 4,209] 4.240] 4334] aaa] +16
Miscellaneous converted
Paper products ........... 5.195] 5,216] 5,262] -0.4 09}  -06] 5,309] 5,268 5,250] 5,178] 42.5
Chemicals and allied products 36,412} 36,293} 36,075} +03] +06} 404) 36,766] 36,612] 36418] 35582] 433
Industrial chemicals . . . . 17,989) 17,870] 17,837] +0.7] 40.2) 40.3) 17,953] 17,884] 18041] 17,427) 43.0
Drugs, soaps, and toiletries . 13,540] 13,565) 13,418) 0.2] +11] 403] 13,621] 13.455] 13.185] 13128] 43.8
Petroleum and coal products . 11,626] 11,676] 11,410 04) 423) 40.5) 11,737) 11512] 11052] Lisl} +49
Rubber and plastics products 13,812] 13,932] 13,918 09) +01 +01} 14,043] 14,211] 14,157] 14,376 23
All other nondurable goods. 28,169] 28,290] 29,153 04) -3.0} = 0.7] 28,351] 27979] 28302} 28/587 08

® 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

340

320

300

280

260

240

340

New Orders

300

poor ee eee eee eee ------------------4 260

L L L 1 L L 1 1. 1 L L. L L 240
Apr Jun Aug Oct Dec Feb Apr Jun Aug Oct Dec Feb Apr

Apr. 1994- Apr. 1996

Total Manufacturing
Ratio of Unfilled Orders and
Inventories to Shipments

\/S Ratios UO/S Ratios
2.5 3.9
2.4F----- 7 ere tr re re ee ee ee ee ee ee eee eee ee ee vos ff 3.8
2.3[- ~~ > oe ee ee ee eee vs [43.7
a + 3.6
21 - ~~ rr ee eee rr eee eee ee ee ee 3.5

2E--- +--+ - ere ree eee eee eee eee ------------4 3.4
1.9

1.8
1.7
1.6
1.5
1.4
1.3

1.2

Apr Jun Aug Oct Dec Feb Apr Jun Aug Oct Dec Feb Apr
Apr. 1994 - Apr. 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
Apr. Mar, Feb, | Mar- | Feb- | Jan- Apr. Mar. Feb. Apr. | Apr.
1996" 1996" 1996 | Apr. | Mar. | Feb 1996" 1996 1996 1995 | 96/95
UNFILLED ORDERS
All manufacturing industries 478,959 | 479,760 | 474,936 02] +10 | +01 | 485,694 | 484,620 | 477,942 | 467,845 43.8
Market categories :
Automotive equipment 1,894 1,902 1930] -04] aS] -07 1,914 1,935 1984 | 2,162 | -115
Home goods and apparel 10,007 | 9,896 | 9,696 | +11} 421 | 41.6 | 10,472 | 10,046 | 91521 | 10,344 412
Consumer staples... . 1,763 1,731 1,780] +18] 28] -09 1,679 | 1,652 1,743 1,623 43.5
Machinery and equipment 205,661 | 206,453 | 202,688 04] +19 | +12 | 206,388 | 206,791 | 203:549 | 184,705 | 411.7
Business supplies ........ 5,967 | 5,823 | 5961} 425] 23] 27] 6038] 5,832] 5.915 | 6328 46
Construction materials
and supplies 15,865 | 15,841 | 15,857 | +02] -0.1 | +05 | 16,024 | 15,982 | 15,977 | 16,064 -02
Defense products 106,474 | 106,448 | 103,419 00} +29] -04 | 108,795 | 109,234 | 103,748 | 106,997 417
Other materials, supplies and
and intermediate products ..... 131,328 | 131,666 | 133,605 -0.3 AS 1.2 | 134,384 | 133,148 | 135,505 | 139,622 38
Durable goods industries :
Nondefense capital goods * . . . 224,384 | 225,378 | 221,229 | -0.4 | +19 | +1.0 | 224,673 | 225,482 | 222,314 | 203,479 | +104
Excluding aircraft and parts. 101,064 | 101,177 | 100,903 0.1 40.3 +1.1 | 101,353 | 101,281 | 101,988 | 97,156 44.3
Defense capital goods‘ ........ | 111/508 | 111,542 | 108,545 0.0] 428 0.5 | 113,928 | 114,354 | 108,872 | 112,788 +10
Durables excluding capital goods 120,536 } 120,406 | 122,142 +01 “14 -0.8 | 123,923 } 122,069 | 124,064 | 124,977 08
Miscellaneous series :
Producers’ durable equipment .... | 239,843 | 240,612 | 237,762 03 | +12 | +10 | 240,566 | 240,889 | 238,912 | 219,711 495
Household durable goods ....... 182 6,135 6,054 +08 +13 +0.6 346 6,112 5,951 5,860 +83
Information technology industries . | 41,458 | 41,030 | 40,794 | +10] +06] +03 | 41,236 | 40,483 | 40,494 | 39.451 +45
Health care equipment
and products ............... 5925 | 5,877 | 6192 | +08] -s1] 422] 5,923 | 5,877] 6,190 | 5,916 +02
TOTAL INVENTORIES
All manufacturing industries... . . 421,705 | 421,521 | 422,203 0.0 0.2 40.2 | 423,282 | 420,801 | 424,187 | 407,559 43.9
Market categories :
Automotive equipment . . . 6,947 | 6,891 6727 | +08] +24] +12] 6996 | 7,052 | 6,932 | 6,600 +60
Home goods and apparel 33,728 | 33,790 | 34.413 02] -18 | +01 | 34,225 | 33,650 | 34312 | 34.209 0.0
Consumer staples 60,570 | 60,459 | 60,337 | +02] +02] +04] 59971 | 59934 | 60,233 | 58,239 43.0
Machinery and equipy 108,104 | 107,206 } 107,204 | +08 0.0 | +04 | 108,635 | 106.415 | 108,404 | 99,040 +9.7
Business supplies 23,680 | 23,679 | 23,945 on -05 | 23,977 | 23,755 | 23,799 | 23,619 +15
Construction materials
and supplies. . 25,904 | 26,064 | 26,259 06] -0.7 | -06 | 26,168 | 26387 | 26,544 | 26,435 +10
Defense products . 20,483 | 20,758 | 20,594 -13] +08] +05 | 20507 | 20,705 | 20,368 | 21,276 3.6
Other materials, supplies an
and intermediate products... . . 142,289 | 142,674 | 142,724 03 0.0 | +0.2 | 142,803 | 142,903 | 143,595 | 138,141 434
Durable goods industries :
Nondefense capital goods * . . 102,551 | 101,557 | 101,942 +10 04 +0.4 | 103,027 | 100,403 | 102,803 | 93,881 49.7
Excluding aircraft and parts. 72,932 | 72,121 72,580 +11 0.6 0.1 73,417 | 70,979 | 73,149 | 67,688 48.5
Defense capital goods‘ ....... 20,885 | 21,177 | 20,995 -14 +09 +0.5 | 20,941 | 21,114 | 20,747 | 22,013 49
Durables excluding capital goods 144,075 | 144,456 | 144,327 03 +0.1 40.2 | 144,534 | 144,874 | 145,508 | 140,673 42.7
Miscellaneous series :
Producers’ durable equipment 168,765 | 168,020 | 168,184 40.4 0.1 +03 | 169,643 | 167,166 | 169,690 | 159,783 46.2
Household durable goods ....... 15,192 15,175 15,345 +0.1 Ll +0.9 15,353 15,125 15,489 14,994 424
Information technology industries 40,309 | 39,646 | 39,539 +17 +03 -03 | 40,482 | 38,574 | 39,818 | 35,441 414.2
Health care equipment
and products ..... 13,940 | 13,951 | 13,857 01] +07] +04] 13,992 | .13,789 | 13,689 | 13,272 45.4

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

Apr.| Mar. | © Feb. | Mar.-| Feb.-| Jan-| Apr. Mar.| Feb. | Apr. | —_Apr.
1996" | 196°] 1996] Apr. | Mar.] Feb.| 1996] 1996'] 1996] 1995] 96/95] 1996" | 1995

SHIPMENTS
All manufacturing industries... . . | 309,854] 304,660] 303,812] +1.7] +0.3] +0.8| 307,164] 319,575] 301,631} 292,233 +5.1] 1,200,184 ]1,169,685

larket categories :
Automotive equipment ..... . .-| 14,909] 13,620] 14,314] +95] -4.8]  -0.2} 16,035] 14,522] 15,870] 14,787] +8.4] 59,610] 60,099
Home goods and apparel ++] 20,348] 20,444) 19,719) -0.5) +3.7]  +4.6, 19,098) 21,387) 19,547) 18,188) +5.0] 76,283} 75,164
Consumer staples ++. 65,457] 64,440} 63.173] +16] +20] -0.8] 63,472] 64,829] 60,910] 58,701] +8.1] 248,186] 232,826
Machinery and equipment .......| 56,656] 56.577] $6,697] +0.1] -0.2] +4.6| 55,174] 63,219] 56,146} 52,009] +6.1] 220,413] 209,407
Business supplies ............. 23,897| 23,300] 23,162) +2.6] +0. +1.0} 24,445] 23,529] 22,760] 22,613) +8.1] 91,733] 87,035
Construction materials

and supplies.
Defense products .......
Other materials, supplies and
and intermediate products ...... 103,167] 101,074] 101,864] +2.1] -0.8] — -0.1} 103,841] 106,284] 102,547] 101,163]  +2.6| 407,278] 405,984

18,800) 18,339] 18,157] 42.5} +1.0)  -2.6f 18,869] 18,502) 17,317) 18,141 +4.0| 70,942] 71,921
6,620) 6,866] 6,726] -3.6)-+2.1 0.0} 6,230) 7,303) 6,534 6,631 6.0} 25,739] 27,249

urable goods industries :
Nondefense capital goods ° . . 43,600] 44,633) 44,363) -2.3] +0.6) +6.4) 40,648) 51,109] 42,411) 38,948) +4.4) 168,252} 158,164
Excluding aircraft and parts ....| 39,022] 39,972) 39,901) | -2.4] +02) +6.0| 36.149] 45,929] 38,096] 33,683) +73] 151,206] 138,348
Defense capital goods‘ ...... 6,192] 6,453] 6,277) -4.0) +28) -0.4) 5,728] 6,879} 6,032} 6,063: -5.5| 23,829] 24,973

Durables excluding capital goods. | 117.112] 112,781] 113,614] +38] -0.7| _ -0.4] 1197184] 118/526] 116,497] 111,863] +65] 458389} 451,602

liscellaneous series :
Producers’ durable equipment 107,749] 105,117] 106,538]  +2.5) -1,3}  +2.5] 106,843} 115,639] 108,132] 100,270 +6.6| 421,792] 407,969
Household durable goods .. . . 9,259 9,350} 8,741 -1.0] +7.0) +2.7] 8,830] 10,058) 8,420] 7,882) +12.0 34,663} 32,190
Information technology industries. 22,017) 22,664} 22,910} 2.9) -Ll} +9.1] 19,073] 26,539] 20,866} 17,289} +103 83,181 73,424
Health care equipment

and products ............... 9,269) 9,284 9,113 0.2) +19 +0.8) 8,818) 9,813 8,856] 8,109 +8.7 36,126) 33,962

NEW ORDERS

All manufacturing industries 309,053] 309,485] 304,281 0.1] 1.7] -1.5} 308,238] 326,253) 303,942) 291,915 $5.6] 1,224,521 |1,185,762

larket categories :
Automotive equipment . .
Home goods and apparel
Consumer staples ........
Machinery and equipment .
Business supplies
Construction materials
and supplies.
Defense products .......
Other materials, supplies and
and intermediate products .... . . 102,828] 99,136] 100,301] +3.7]  -1.2_ -2.0| 105,077] 103,926] 102,310] 102,751] +2.3] 410,198] 415,262

14,901} 13,592] 14,300) +9.6 5 -0.7| 16,014] 14,473] 15,874] 14,759] +8.5 59,661] 60,114
20,460) 20,643) 19,871 0.9) 43.9) +5.1] 19,524] 21,912] 19,985} 18,507] 45.5 78,748] 77,179
65,489) 64,391) 63,156} +1.7] +2. 1.0] 63,499] 64,739] 60,843] 58,719) +8.1] 248,093] 232,818
55,864] 60,342) 59,116) -7.4) 42.1) 14} 54,771] 66,462) 59,105) 51,405 +65} 233,240] 213,280
24,041) 23,162} 22,997) +3.8} +0.7} +0.2) 24,650] 23,445] 22,614} 22,760) +83 91,816} 87,554

18,824) 18,323] 18,229] 42.7} +0.5) -2.6, 18,912] 18,507] 17,732} 18,035) +4.9) 71,619] 72,546
6,646] 9,896] 6,311] -32.8] +568) -19.5{ 5,791] 12,789] 5,479} 4,979) +16.3 31,146} 27,009

urable goods industries :
Nondefense capital goods * . . . . 42,606] 48,782| 46,605] 12.7] +4.7]  -2.5] 39,839] 54,277] 45,023] 37,866} +5.2] 180,599] 161,727

Excluding aircraft and parts. . 38,909] 40,246] 41,048] -3.3]  -2.0] +4.8| 36,221] 45,222] 39,613] 33,939) +6.7) | 154,929] 144,497
Defense capital goods‘ ...... 6,158] 9,451] 5,785] -34.8] +63.4] -23.0] 5,302] 12,361] 4,943) 4,422] +19.9] 29,472] 24,656
Durables excluding capital goods . | 117,242| 111,045] 112,590] +5.6{ -1.4]-1.2| 121,038] 116,531] 117,239] 113,732] +64] 463,464] 462,152

fiscellaneous series :
Producers’ durable equipment 106,980] 107,967| 108,919] -09} -0.9] _—_-0.4] 106,520] 117,616] 111,305] 99,562) +7.0] 434,677) 413,966
Houschold durable goods . . «| 9,306] 9,431) 8,776] -1.3] +75] +32) 9,064] 10,219) 8,542] 7,837) +15.7] 35,890] 32,853
Information technology industries . | 22,445] 22,900] 23,038] 2.0) -0.6] +6.1) 19,826} 26,528] 21,265] 17,772} +11.6) 84,937] 75,946
Health care equipment

and products .............-. 9317] 8,969] 9,243] +39] -3.0, +12) 8,866] 9,499] 8,987] 8,057] +10.0) 36,081] 33,556

” 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.

2 Nondefense capital goods industries include : ordnance and accessories; steam, gas and hydraulic turbines; internal combustion engines; construction, mining, and material
andling equipment; metalworking machinery; special industry machinery; general industrial machinery; computer and office equipment; refrigeration, heating and service
dustry machinery; electrical transmission and distribution equipment, electrical industrial apparatus; communications equipment; aircraft, missiles, space vehicles, and engines
ad 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
ad tank components; and search and navigation equipment.

See 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 Apr. Mar. Feb. Jan. Apr Mar. Feb. Jan,
1996? 1996" 1996 1996 196° 1996" 1996 1996
All manufacturing industries ..... . 136 138 139 140 2.84 2.86 2.84 287
Durable goods industries... . . ee 1.60 1.63 1.63 1.64 341 3.44 3.40 3.46
Stone, clay, and glass products... 1.09 110 113 1.10 114 1.13 115 1.13
imary metals 2.2... . 149 155 153 152 193 198 2.00 198
Fabricated metal products 148 156 136 152 137 1.44 143 140
Industrial machinery and equipm 171 1.67 165 172 240 236 235 2.44
Electronic and other
electrical equipment . 171 1.68 in 1.77 1.93 1.92 195 2.03
Transportation equipment - 1356 167 161 161 12:55 12.88 12.41 12.65
Instruments and related prod 2.01 2.00 196 1.99 3.98 3.95 3.95 3.96
Nondurable goods industries ........ 1.08 1.10 a Lil 0.65 0.64 0.66 0.67
Food and kindred products : 0.83 0.84 0:84 0.82 &) () ¢ &
Tobacco products . . 1:88 1:84 1.85 1:83 &) (X) (x)
Textile mill products. | 1.70 1.68 172 178 (NA) (NA) (NA) (NA)
Paper and allied products’. : 1.27 128 127 1.25 (NA) (NA) (NA) (NA)
Chemicals and allied products... . . 1.18 119 119 1.17 () (X) (xX)
Petroleum and coal products... . |. 0.72 078 0:80 0.82 ) ® & ¢
Rubber and plastics products: |. : 134 138 139 142 &) &) &) &)

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

[Excludes the following industries with no unfilled orders : Wood and lumber products; glass containers; metal cans, barrels and drums; farm and garden machinery;
motor vehicle assembly operations; other transportation equipment; foods and related products; tobacco; knitting mill products; apparel and related products; 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 A
Apr. Apr. Apr. r.
Apr? | 1995- Apr? | 1995: Apr? | 1995- Ape? | 1995-
Apr! | 1991. | Mar. | Apr.) | 1991- | Mar.) Apr! | 1991-] Mar. | Apr! | 1991- | Mar.
1596 | ‘1995 | 1996 | ‘1596 | ‘i998 1996 | 1996 | 1995} 1996 | 1996 | 1995 | 1996
All manufacturing industries ..... . ee) O41 02 @ 02 02 (x) 0.0 01 (x) 0.0 01
Durable goods industries... .. vee 0.1 0.2 02 0.0 04 03 0.0 0.0 0.1 (x) 0.1 0.1
Stone, clay, and glass products . . . . . (00) 1.0 0.5 10.9) 20 09 10.9) 08 0.5 & 02 0.1
Primary metals . 02 04 0.5 03 17 09 02 04 03 (xX) 03 02
Fabricated metal products. . ® 03 03 (0.0) 02 04 O&O Ol 03 x) 01 02
Industrial machinery and equipment .| 9.3 04 04] -05 0.6 06} 0.2 02 02 x) Ol ol
Electronic and other
electrical equipment .......... 0.1 03 03 0.0 0.6 05 O41 01 03 ® 01 01
‘Transportation equipment . . . . : 0.0 02 06) 0.2 03 10] -0.1 ol 02 (x) 0.1 03
Instruments and related products . . . . (x) 03 04 (x) 0.6 07 (x) 0.1 02 (Xx) 01 0.1
Nondurable goods industri ee) 0.1 0.1 X) 0.1 0.1 X) 02 02 (x) 01 0.1
Food and kindred products . &) 0.0 Ol 8 (x) &) Het « (x) (x) 02 02
Tobacco products. . .. &) 06 ol MO} Wl ¢ Ol MO] Wy] w& 02 0.0
Textile mill products . . (x) 04 03 (NA) (NA) (Xx) (NA) (NA) (Xx) 01 01
Paper and allied products . (X) 0.1 03 (NA) | (NA) ()] (NA)| (NA) ) 0.0 03
Chemicals and allied product Oo 0.1 02 (X) ) ro) & (X) & 0.1 03
Petroleum and coal products & 02 03 (X) (x) &) &) (x) & (x) 03 02
Rubber and plastics products . . (64) 03 02 (xX) (xX) (X) (X%) (X) (X) (Xx) 0.2 0.1
Capital goods industries :
Nondefense ........ 0.2 03 04 0.5 05 06 0.0 0.0 OL &® 01 03
Defense . 04 04 08 03 28 49 0.0 01 02 & 01 03

(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 variahility


CURRENT INDUSTRIAL REPORTS

i
\By

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

Manufacturers’ Shipments,
Inventories, and Orders

April 1996
M3-1-(96)-4
For Wire Transmissions 10:00 a.m. E.D.T. June 4, 1996

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

Summary

New orders for manufactured goods in April decreased $0.4 billion
or 0.1 percent to $309.1 billion, the Department of Commerce, Bureau of the
Census reported today. This follows a 1.7 percent March increase and is the
third decline in the last four months. Excluding transportation, new orders
increased 1.9 percent, the fourth increase in the last five months. Year to
date, new orders are 3.0 percent above the same period a year ago.

Shipments, up for the third consecutive month, increased $5.2 billion
or 1.7 percent to $309.9 billion, following a 0,3 percent March increase.
Year to date, shipments are 2.5 percent above the same period a year ago.

infilled orders, down for the first month since August, decreased
$0.8 billion or 0.2 percent to $479.0 billion, following a 1.0 percent March
increase. The unfilled orders-to-shipments ratio was 2.84, down from 2.86
in March.

Inventories increased $0.2 billion to $421.7 billion, the eighteenth
increase in the last nineteen months. This follows a 0.2 percent March
decline. The inventories-to-shipments ratio was 1.36, down from 1.38 in
March.

New Orders

New orders for manufactured durable goods in April decreased $3.3
billion or 19 percent to $166.0 billion, unrevised from the previously
published 1.9 percent decrease. This follows a 2.6 percent March increase
and is the third decrease in the last four months. Excluding transportation,
new orders increased 1.8 percent to $128.1 billion, the fourth increase in the
last five months.

Transportation equipment, down three of the last four months, had the
largest decrease, $5.6 billion or 12.8 percent to $37.9 billion, as a large
decrease in aircraft and parts more than offset an increase in motor vehicles
and parts. This follows a 14.6 percent March increase. Electronic and other
electrical equipment, down three of the last four months, decreased $0.8
billion or 2.7 percent to $27.3 billion, due to communication equipment.
This follows a 4.9 percent March increase. Primary metals, up for the first
month since October, increased $1.0 billion or 7.3 percent to $14.9 billion,
following a 3.6 percent March decrease. Fabricated metal products, up for
the first month since January, increased $0.8 billion or 5.3 percent to $16.6
billion, following a 1.6 percent March decline. Instruments and related
products increased $0. billion or 7.0 percent to $121 billion, following a

8 percent March decline. Industrial machinery and equipment, up three of
the last four months, increased $0.1 billion or 0.4 percent to $32.8 billion.
This follows a 4.7 percent March decrease.

New orders for nondurable goods, up six of the last seven months,
increased $2.8 billion or 2.0 percent to $143.0 billion, following a 0.7
percent March increase. Nearly every category increased led by petroleum
and coal products, food and kindred products, chemicals and allied products,
and paper and allied products.

Shipments

Shipments of durable goods in April increased $3.0 billion or 1.9
percent to $166.9 billion, revised from the previously published 1.8 percent
increase. This follows a 0.2 percent March decrease and is the second
increase in the last three months.

Transportation equipment, up two of the last three months, had the largest
increase, $2.5 billion or 6.8 percent to $39.1 billion, due to motor vehicles

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

and parts. This follows a 3.0 percent March decrease. Fabricated metal
products, up for the first month since January, increased $0.8 billion or 4.9
percent to $16.6 billion. Primary metals, up for the first month since
September, increased $0.5 billion or 3.3 percent to $14.7 ion, following
a 0.2 percent March decline. Industrial machinery and equipment, down
three of the last four months, decreased $0.6 billion or 1.8 percent to $32.6
billion, following a 1.0 percent March decrease. Electronic and other
electrical equipment, down for the first month since January, decreased $0.3
billion or 1.1 percent to $27.8 billion, following a 1.5 percent March
increase

Shipments of nondurable goods, up five of the last six months,
increased $2.2 billion or 1.5 percent to $142.9 billion, following a 0.9
percent March increase. Petroleum and coal products, up for the sixth
consecutive month, had the largest increase, $1.0 billion or 6.9 percent to
$16.1 billion. Food and kindred products and chemicals and allied products
also had large increases.

Unfilled Orders

Unfilled orders for durable goods in April decreased $0.9 billion or 0.2
percent to $456.4 billion, unrevised from the previously published 0.2
percent decrease. This follows a 1.2 percent March increase and is the first
decline since August.

‘Transportation equipment, down for the first month since October,
decreased $1.3 billion or 0.6 percent to $217.2 billion; led by aircraft and
parts, all component industries declined. This follows a 3.2 percent March
increase. Electronic and other electrical equipment, down two of the last
three months, decreased $0.4 billion or 0.8 percent to $53.6 billion,
following a slight March increase. Instruments and related products, up six
of the last seven months, increased $0.4 billion or 0.8 percent to $46.7
billion, following a 0.8 percent March decline. Industrial machinery and
equipment, up three of the last four months, increased $0.2 billion or 0.3
percent to $73.9 billion. This follows a 0.7 percent March decrease.
Primary metals increased $0.2 billion or 0.6 percent to $28.4 billion,
following a 1.3 percent March decrease.

Inventories

Inventories of durable goods in April, up eighteen of the last nineteen
months, increased $0.3 billion or 0.1 percent to $267.5 billion, following a
slight March decrease. Electronic and other electrical equipment had the
largest increase, $0.5 billion or 1.1 percent to $47.6 billion, following
decreases of 0.5 percent in March and 0.8 percent in February. Industrial
machinery and equipment, up nine of the last ten months, increased $0.4
billion or 0.6 percent to $55.7 billion, following a 0.3 percent March decline.
Instruments and related products, up for the eleventh consecutive month,
increased $0.1 billion or 0.5 percent to $23.6 billion following a 1.0 percent
March increase. Transportation equipment, down for the first month since
December, decreased ion or 0.3 ‘percent to $61.1 billion. This
follows a'0.7 percent March increase. Primary metals, down for the first
month since November, decreased $0.2 billion or 0.7 percent to $21.9
billion, following a 0.8 percent March increase.

Inventories of nondurable goods decreased $0.1 billion or 0.1 percent
to $154.2 billion, following a 0.4 percent March decline. Decreases were led
by paper and allied products and rubber and plastic products.

By stage of fabrication, April finished goods decreased 0.2 percent in
durables and 0.3 percent in nondurables. Work in process increased 0.4
percent in durables and 0.5 percent in nondurables. Materials and supplies
increased 0.1 percent in durables and decreased 0.1 percent in nondurables.

SEE BACK PAGE FOR UPCOMING REVISIONS

‘The advance report on durable goods for May is scheduled for June 26, 1996 at 8:30 a.m. and the full report on July 3, 1996 at 10:00.a.m. For 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 Department of Commerce’s online Economic Bulletin Board (N-8-1)
(202-482-3870)and through the Census Bureau's online informationservice--CENDATA. CENDATA is available from Dialog InformationServices, Inc. (1-800-334-2564)and CompuServe
().8O0.848-8100) The CENDATA staff at the Rurean of the Census (301-457-1305)can provide content information and eeneral guidance.


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

Billions of Dollars

S2P------------- 22-2 --- 2-2-2

New Orders || 52

Shipments

Apr

Jun Aug Oct Dec Feb Apr Jun

Aug Oct Dec Feb Apr

Apr. 1994 - Apr. 1996

Defense Capital Goods
New Orders and Shipments
Three Month Moving Averages

Billions of Dollars

11

11

woP----------------222 22 wow Orders] |
Shipments,

9fP-- +o eee ee eee eee eee e-em 49

Apr

Jun Aug Oct Dec Feb Apr = Jun

5
Aug Oct Dec Feb Apr

Apr. 1994- Apr. 1996

* U.S. GOVERNMENT PRINTING OFFICE: 1996 404-450/20082

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
Apr. Mar. Feb. | Mar- | Feb- | Jan- Apr. Mar. Feb. Apr. | Apr.
1996? 1996" 1996 | Apr. | Mar. | Feb. 1996? 1996" 1996 1995 | 96/95
MATERIALS AND SUPPLIES
All manufacturing industries 138,139 | 138,130 | 138,931 00] -06 | +02 | 137,392 | 136,973 | 139,287 | 132,779 43.5
Durable goods industries. 81,749 | 81,702 | 81,901 | +0.1 02 80,793 | 80,468 | 82,163 | 76,769 +52
Stone, clay, and glass products 797 | 2,807 | 2/821 04] 05 760 | 2,786 | 2,824 | 2,726 +12
Primary metals... ... . 6,743 | 6,733 | 6,754 | +0.1 03 6.544 6,533 | 6,697 | 6,513 405
Fabricated metal products |. - : 8730 | 8,753 | 8,741 03 | +01 8,667 | 8,738 | 8,779 | 8,871 23
Industrial machinery and equipment 18/809 | 18,787 | 181885 | +0.1 -0.5 18,641 | 18,281 | 19111 | 17,447 +68
Electronic and other
electrical equipment . . 16,396 | 16,184 | 16,362} +13] -Ll 16,306 | 15,959 | 16,292 | 14,626 | +115
Transportation equipment 10,375 | 10,507 | 10,424 3] +08 10,418 | 10,533 | 10,458 | 10,305 +14
Instruments and related products 589 498 407, | +12] +12 7,612 447 77354 | 6,884 | +106
Lumber, furniture and
miscellaneous durable goods .. . . . 10,310 | 10,433 | 10,507 A2} 07 9,845 | 10,191 | 10,648 | 9,397 +48
Nondurable goods industries . 56,390 | 56,428 | $7,030 Ol] -L1 02 | 56,599 | 56,505 | 57,124 | 56,010 +11
Food and kindred products . 10,782 10,635 10,666 +14 0.3 +11 10,759 10,712 10,797 978 +78
Tobacco products. . 4715 | 4764 | 4.771 -10] 01] +10 764 903 5,061 4751 +03
Textile mill products’ 2940 | 2937] 3013 | +01 25 04 | 2986 | 2,941 3,052 | 3,028 “14
Paper and allied products . 7,822 | 7,804 | 7973 | +02) -21 06 | 7,791 7318 | 7967 | 7,688 +13
Chemicals and allied products : 11,712 11,685 11,653 +02 40.3 0.0 11,757 11,630 11,610 11,614 +12
Petroleum and coal products 569 3,577 527 0.2 +14 1.0 3,674 3,543 3,378 3,482 45.5
Rubber and plastics products 4838 | 4,880 | 4,973 09] -19 0.0} 4880 | 4,897 | 5,003 5,408 98
Apparel, printing and publishing
and leather goods ............. 10,012 | 10,146 | 10,454 13] 29 -15 ] 9,988 | 10,061 | 10,256 | 10,061 07
WORK IN PROCESS
All manufacturing industries 138,292 | 137,746 | 137,451 | +04] 40.2 } +02 | 138,315 | 137,395 | 137,428 | 132,101 447
Durable goods industries ......... 113,287 | 112,866 | 112,474 | +04] +03 113,415 | 112,611 | 112,620 | 107,821 45.2
Stone, clay, and glass products 1,298 1318 1,325 1S} 05 3365, 3392 3371 3331 +26
Primary metals 8458 | 8,426 | 8383 | +04] +05 81487 | 8,496 8346 | 8,092 +49
Fabricated metal products - | 7606} 7550] 7590] +07] -05 77621 7515 7,592 | 7,986 46
Industrial machinery and equipment | 20,310 | 20,236 | 20,441 | +04] -1.0 20,169 | 191872 | 20,339 | 19,172 45.2
Electronic and other
electrical equipment . . . 18,307 | 18,104 | 17,821 | +11] +16 18,462 | 18,123 | 17,922 | 16,723 | +104
Transportation equipment . . 42,464 | 42,382 | 42211 | +02] +04 2,300 | 42,362 | 42305 | 39,924 +6.0
Instruments and related producis - 9971 9934 | 9,722 | +04] +22 10,080 | 9856 | 9{740 | 9414 471
Lumber, furniture an
iniscellancous durable goods ..... 4873 | 4,916 | 4,981 09] 3 4931 4,935 5,005 5,179 48
Nondurable goods industries . 25,005 | 24,880 | 24,977] +05] -04 24,900 | 24,784 | 24,808 | 24,280 426
Food and kindred products . 4342 | 4,277 | 4280] +15] -01 4155 | 4,252 1268 | 3,910 +63
Tobacco products. . . . 186 185 170] +05] +88 146 158 173 138 45.8
Textile mill products... 2,730 | 2,738 | 2,734 3} +01 2,753 | 2,745 | 2,734 | 2,703 +18
Paper and allied products . 1580 1,598 1,615 A “U1 1,601 1,602 1,601 1389 | +153
Chemicals and allied produ: 5864 | 5819 | 51819 8 0.0 5816 | 5,774 | 5,827 | 5,373 +82
Petroleum and coal products 2,325 2,366 2,240 7 45.6 2,352 2,365 2,174 2,248 +4.6
Rubber and plastics products 2,030 | 2,060 | 2,038 S| 411 2019 | 2045 | 2,068 | 2,051 -16
Apparel, printing an publ
and leather goods . 5,948 | 5,837 | 6081 | +19] -4.0 6,058 | 5,843 5,963 6,468 63
FINISHED GOODS
All manufacturing industries 145,274 | 145,645 | 145,821 03} 0.1 | +02 | 147,575 | 146,433 | 147,472 | 142,679 43.4
Durable goods industries . 72,475 | 72,622 | 72,889 -04 0.0 | 74,294 | 73,312 | 74,275 | 71,977 43.2
Stone, clay, and glass pr 4,088 | 4,118 | 4,126 02] -04]) 4235 | 4210 | 4,205 264 07
Primary metals... .. .. 6,690 | 6,886 | 6,742 421) +0.1 6,873 | 6,957 | 6,841 TA22 42
Fabricated metal products 8,202 8,341 8,540 -2.3 +02 8,613 8,611 8,714 8,877 3.0
Industrial machinery and equipment 16,535 | 16,276 | 16,117 +10} 04 | 16,899 | 16391 | 16,761 | 15,151 | +115
Electronic and other
electrical equipment . . 12,939 | 12,838 | 13,186 26 0.0 | 13,152 | 12,544 | 13,143 | 12,160 +82
Transportation equipment . 8248 | 8,362 | 8,180 +22 | +16 | 8365 8517 | 8370 8415 06
Instruments and related products . 5,996 | 6,003 | 6,078 2) +01 5,984 | 5,926 | 6,010 5,827 427
Lumber, furniture and
miscellaneous durable goods . . . . 9,777 | 9,798 | 9,920 02] -12] -08 | 10,173 | 10,156 | 10,231 | 10,111 +06
Nondurable goods industries ...... . 72,799 | 73,023 | 72,932 03} +01 | +04 | 73,281 | 73,121 | 73,197 | 70,702 43.6
Food and Kindred Products . 16,863 | 16,759 | 16,714 | +06] +03} +07 | 16323 | 16375 | 16,735 | 16,415 -0.6
Tobacco products . 633 6 637 | +45] 49] -26 374 570 726 $23 +98
Textile mill products" 4,529 | 4,555 | 4,585 06] 07] -03 | 4,731 4,594 | 4,675 | 4,680 +11
Paper and allied products . : 7,053 7,282 7,225 3.1 +0.8 +0.6 7,300 7,426 7,321 6,053 +20.6
Chemicals and allied products |: 18,836 | 18,789 | 18,603 03] +10] +05 | 19,193 | 19,208 | 18,981 | 18,595 43.2
Petroleum and coal products : 732 | 5,733 | 5,643 oo] +16] +36] 5711 5,604 500 | 5,461 +46
Rubber and plastics products - . . |. 944 | 6,992 | 6,907 07] +12 00 | 7144] 7,269] 7,086 | 6,917 43.3
Apparel, printing and publishing
ather goods ............. 12,209 12,307 12,618 08 25 08 12,305 12,075 12,173 12,058 +2.0

® 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
Apr. Mar. Feb,} Mar-| Feb} Jan~ Apr. Mar. Feb. Apr.| Apr.
1996") 1996" 1996] Apr.}  Mar.| Feb.} 1996" 196° 1996 1995} 96/95
All manufacturing industries . 478,959 | 479,760] 474,936] 0.2] +1.0| 40.1] 485,694] 484,620} 477,942] 467,845] +3.8
Manufacturing industries
without defense capital goods ..... 367,451 | 368,218] 366,391 02] +05] +03] 371,766] 370,266} 369,070] 355,057] +4.7
Durable goods industries... . 456,428 | 457,326] 451,916] 0.2] +12] +402] 462,524] 461,905] 455,250] 441,244] +48
Stone, clay, and glass products 8,090} 8,028] 8,000] +08 03] 8100] 8,014] 8,125] 7,749] +45
Primary metals ...... 28,380| 28,223] 28,609] +06 +04] 30,037] 30,044] 29.797] 30677] -2.1
Blast furnaces, steel n 11,901] 11,989} 12304] -0.7 13] 12,698] 12,936] 13,019] 12,415] +23
Iron and steel foundries 4,011 3,992] 3,989] +05 +65{ 4,123] 4.113] 4.073] aol} 42.8
Nonferrous and other primary
12,468] 12,242] 12316] +18 +02] 13,216] 12,995} 12,705] 14251] -73
-. | 20,964] 20,958] 21,006 0.0 +02] 21,095} 21,093] 21,085] 21316] = -1.0
Industrial machinery and equipment . | 73,906] 73,703] 74,223] +03, +10] 74,025} 73,779] 75,417] 71/920] +2.9
Engines and turbines .......... 10,259] 10,268] 10,578} -0.1 +02] 9,807] 10,055] 10692] 9555] +2.6
Construction, mining and
material handling equipment 8,955 8,885 8,998 40.8 13 +4.9 9,233 9,280 9,252 7,953| +161
Metalworking machinery . . 9,937 10,020 10,001 0.8 +0.2 42.5 9,937 10,020 10,001 10,901 8.8
Computer and office equipment ... | 11,167] 11,096] 11,261] +06{ = -1.5] — -23] 10,955} 10,539] 10,963] 12,275] -10.8
Electronic and other
electrical equipment ........... 53,569] 54,012] 53,992] -08 00) 16) 54818] 53,517] 54,655] 52,675} +4.
Electrical transmission and
distribution equipment and
industrial apparatus ........... 5,713} 5,837] 5,798] 2.1} 40.7] 42.0) 5,731 5,837] 5,818} 6,077] -5.7
Electric lighting and
wiring equipment ............ 4054} 4,022] 4,002] +0.8] 40.5) +12] 4,054] 4,022] 4,002] 3,873] 44.7
Communications equipment 18,888] 18,817] 18,144} +04) 43.7] +14] 18,937] 18,800] 18,131] 16,276] +163
Electronic components .. . . 19,943] 20,400] 21,050) -22] 3.1 6.0] 21219} 19950] 21497] 21,152} +03
Transportation equipment . 217,244] 218,496} 211,709] -0.6] +32] +0.1] 219,756} 221,093] 211,893] 201,668] —+9.0
Aircraft, missiles,
space vehicles, and parts. . 189,303 | 189,887] 182,548 03 44.0] +04] 191,546] 192,213] 182,554] 169,754] +12.8
Shipbuilding and tanks... . 16,290] 16,733 | 16,976 26 14 1.6] 16,382] 16,772} 16,920] 18,428] 11.1
Instruments and related products . 46,663} 46,285] 46,676] +08] -0.8| +13] 46,812] 46,884] 46,999} 46,940] -0.3
Search and navigation equipment 29,342] 29,236] 29,263] +0.4 . +12] 29,470} 29.739] 29597] 30,481 33
Measuring and controlling devices . 10,356] 10,195] 10,360] +1.6 r +0.1] 10,356] 10,195] 10,360 9,722| +65
Medical instruments and supplies 5,898 5,850 6,164 $0.8 . 42.2 5,898 5,850 6,164 5,884 +02
All other durable goods .......... 7,612 7,621 7,701 0.1 -10 40.7 7,881 7,481 7,279 8,299 5.0
Nondurable goods industries . . . . 22,531] 22,434] 23,020] +0.4 25 1.1] 23,170] 22,715] 22,692] 26,601] -12.9

” 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

Apr.| Mar] Feb. | Mar.-| Feb-| Jan-| Apr.|  Mar.| — Feb.] Apr. | Apr.
19967] 1996"| 1996] Apr.) Mar.] Feb.) 196°] 1996'] 1996] 1995} 96/95] 1996" | 1995

All manufacturing industries ..... 309,053} 309,485] 304,281 0.1] +17) -1.5} 308,238} 326,253} 303,942] 291,915) +5.6] 1,224,521 }1,185,762

Manufacturing industries
with unfilled orders... ...

++ +++ | 167,746} 172,681] 167,950] -2.9] +2.8} 2.2] 165,211] 185,500] 167,168] 157,197]  +5.1] 678,784) 650,776
without defense capital goods . ..

302,895} 300,034] 298,496] +1.0] +0.5) — -0.9] 302,936] 313,892] 298,999] 287,493. +5.4] 1,195,049 ]1,161,106

Durable goods industries .........| 166,006] 169,278] 164,980] -1.9| +2.6 _-2.5] 166,179] 183,169] 167,205] 156,020] +65] 673,535] 648,535
With unfilled orders. . .........} 132,806] 138,357] 133,467] -4.0] +3.7}  -2.9] 130,516 150,301] 132,930] 122,447] +66} 541,870] 513,881
Stone, clay, and glass products . . . 7,592} 7,514) 7,304 +1.0] 7,836] 7,197] 7,104] 6,676] +17.4] 28,706] 26,741
Primary metals ...... _ --) 14,871) 13,859) 14,372) +73 15,076] 15,193] 15,601] 14,813) +1.8] 60.975] 64,105
Blast furnaces, steel! mills. 6,106] 5,629] 5,877] +8.5| 6,098] 6,175] 6,705] 6,202] -1.7| 25,830] 27,741
Iron and steel foundries. . 1392] 1,291] 1,533 +7.8 1,474] 1,404] 1,640] 1,390] +6.0/ 5.979] 5,745
Nonferrous and other primary
metals 20...

7,373) 6,939] 6,962} +6.3 7,504) 7,614) 7,256} 7,221 43.9 29,166} 30,619

Fabricated metal products ........| 16,563] 15,733] 15,984] +53 1621] 16,555] 16,238] 15,636 +63) 64,415] 63,605
Industrial machinery and equipment 32,803] 32,664] 34,266] +0.4 31,396) 37,448] 33,856] 29,286} +7.2] 131,514] 123,092
Engines and turbines... ..... 1,623] 1,522) 1.895] +6.6 1,320] 1,470] 1,676] 1,510] -12.6] 5,971] 6,245,
Construction, mining and
material handling equipment . 3,520] 3,366] 3,788) +4.6) 3,489] 3,883} 4,065] 3,145] +10.9] 14,787] 13,746
Metalworking machinery ....... 3,442] 3,524) 3,790) 2.3} 3,213] 3,767] 3,710] 3,402] -5.6] 13,565} 13,984
Computer and office equipment ...] 9,564] 9,720] 10,016 -1.6| 7,849 12,321] 9,007} 6,915] +13.5] 35,399] 30,946

Electronic and other
electrical equipment .......... 27,340] 28,108] 26,799] -2.7] +4.9} -2.1) 27,457] 28,549] 26,006 25,949] +5.8] 108,188] 102,198
Electrical transmission and
distribution equipment and
industrial apparatus . .
Electric lighting and
wiring equipment .... .
Communications equipment
Electronic components . .
Transportation equipment . . .
Aircraft, missiles,
space vehicles, and parts... . 7,281] 15,582} 8,372] -53.3] +86.1) -31.3] 6,865] 18,597 7,525] 6,479] +6.0] 44,060] 31,598
Shipbuilding and tanks ....... 423 554] 577| -23.6|  -4.0) -65.8} 453 693) 601 353} +283 3,345 2,808
Instruments and related products 12,109] 11,314] 12,406] +7.0]  -8.8/ +54 11,057] 12,349] 12,014] 10,008] +105] 45,853] 43,280

2,747) 2,843 2,870} -3.4] 09 +3. 2,751 3,082} 2,971 2,782, ld 11,288] 11,632

1,984] 1,989) 1,979} -03) +05) -3.4] 1,908] 2,139} 2,052} 1,840 +37 7,945 7,882
6,672} 7,632] 6,975] -12.6} +941 +0.6| 6,134 8,304] 6,393} 5,568} +10.2 26,527) 23,056
10,303} 10,232) 9,482) +0.7) +7.9] — -5.5]_ 11,545] 9,839] 9,380] 11,179] +33 41,759] 40,950
37,879} 43,437] 37,900] -12.8] +14.6] -12.4) 39,713) 48,425] 40,643) 37,141 +6.9) 169,026] 159,688

Search and navigation equipment .| 2,476) 2,337) 2,822} +5.9] -17.2| +20.5] 1,911] 2,686] 2,706] 1,733| +103] 9,257] 8,725
Measuring and controlling devices .} 3,943) 3,620] 3,841] +89] -5.8| -2.1] 3,754) 3,997] 3,761] 3,343] +123] 15,107] 14,475
Medical instruments and supplies .} 3,294) 2,967] 3,382] +11.0] -12.3| +49) 3,141] 3,205] 3,343] 2812] +11.7] 12,671] 11,684
All other durable goods .......... 16,849] 16,649] 15,949 +12] +44) 40.4) 17,023] 17,453] 15,743] 16,511] 43.1] 64,858) 65,826

Nondurable goods industries . .

143,047} 140,207} 139,301] +2.0] +0.7] — -0.2) 142,059] 143,084] 136,737] 135,895, +4.5] 550,986] 537,227
With unfilled orders ..... .

34,940} 34,324) 34,483) +1.8 -0.5{ — -1.8) 34,695] 35,199} 34,238) 34,750) 0.2] 136,914) 136,895

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

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

Note : Estimates of manufacturers’ shipments, inventories and orders are subject to survey error and revision. One major component of survey error is nonsampling error,
which includes errors of coverage, response, and nonreporting. Since the survey panel is not a probability sample, estimates of sampling error cannot be calculated. Further
details on survey design, methodology, and data limitations are contained in our most recent annual benchmark publication, Current Industrial Reports: M3-1(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
Apr.| Mar] Feb. | Mar.-] Feb.-| Jan-| Apr] Mar.} Feb. | Apr. | Apr.
1996 | 1996] 1996 Apr.| Mar.| Feb.| 1996] 1996] 1996] 1995] 96/95} 1996 | 1995
All manufacturing industries .... . | 309,854] 304,660] 303,812] +1.7] +0.3] +0.8| 307,164] 319,575] 301,631] 292,233] — +5.1| 1,200,184 11,169,685
Manufacturing Industries
with unfilled orders ....... 168,547| 167,856] 167,481] +04] +0.2)  +1.4) 164,137] 178,822] 164,857] 157,515] +4.2] 654,447] 634,699
without defense capital goods 303,662| 298,207] 297,535] +1.8] +0.2|  +0.8| 301,436] 312,696] 295,599] 286,170]  +5.3] 1,176,355 ]1,144,712
Durable goods industries. 166,904] 163,867] 164,254] +19] -0.2] +1.3] 165,560] 176,514] 164,940] 156,874] +5.5| 650,470] 634,739
With unfilled orders 133,704] 132,946] 132,741] +0.6] +02] +1.8| 129,897] 143,646] 130,665] 123,301] +53] 518,805] 500,085,
Stone, clay, and glass products . 7,530] 7,486) 7,329) +0.6] +21] -2.3] 7,750] 7308] 6,753 6,831] +13.5] 28,246] 26,506
Primary metals 2... 14,714] 14,245] 14,269] +33) -0.2) 1.1] 15,083) 14,946] 14,684] 15,205] -0.8] 58,420] 61,287
Blast furnaces, steel mills . 6,194] 5,944] 6,036] +4.21  -1.5]  -1.3] 6.336] 6,258] 6,291) 63751 -0.6| 24,801] 25,977
Iron and steel foundries 1,373] 1,288] 1,291] +66} -0.2} -0.6 1,464] 1,364) 1,345] 1,330] +101] 5,396] 5,421
Nonferrous and other primary
metals... . . 7,147] 7,013} 6,942) +1.9] +1.0, 1.0) 7,283] 7,324] 7,048] 7,500] --2.9] 28,223] 29,889
Fabricated metal products -} 16557] 15,781] 15,947] +49] -1.0} 1.8 16,619] 16,547] 16,052] 15,637] +63] 64,011] 62,781
Industrial machinery and equipment . | 32,600] 33,184] 33,534] -1.8] -1.0] +4.6| 31,150] 39,086] 32,763] 29,119] +70] 129,891] 118,368
Engines and turbines . . 1,632] 1,832] 1,869] -10.9} -2.0) +04) 1,568] 2,107] 1,836] 1.865] -159] 7,023] 7,314
Farm and garden machinery . 1,814] 1,905] 1,937] -4.8] -1.7] +16 2404] 2,630] 2348] 2,469! = -2.6] 9,096] 8,905,
Construction, mining and
material handling equipment ....] 3,450] 3,479] 3,370] -0.8| +32! -0.6/ 3,536] 3,855] 3,526] 3,192] +10.8| 14,013} 12,792
Metalworking machinery 3,525} 3,505| 3,544] $0.6] -1.1] +8.8| 3,296] 3,748] 3,464) 3,162) +42] 13,178] 12,660
Computer and office equipment . 9,493] 9,885] 10,278] -4.0] -3.8] +15.8) 7,433] 12,745] 9.016] 6,541] +13.6] 35,667] 29.871
Electronic and other
electrical equipment ...... 27,783] 28,088] 27,678] -1.1] | +1.5] +2.5] 26,156] 29,687] 26,717] 23,594] +10.9] 106,130} 95,655
Electrical transmission and
distribution equipment and
industrial apparatus . . . 2,871] 2,804] 2,756] +24] +17} -2.7] 2,857] 3,063] 2,838] 2,733] 4.5] 11,236 11,301
Household appliances . . 2,006] 2,034] 1,928] -1.4] +5.5) -0.4 2,008] 2.212) 1,827] 1.837] +93] 7,700] 7,278
Electric lighting and
wiring equipment ............ 1,952) 1,969] 1,931] -0.9} +20) -04 1,876] 2,119) 2,004] 1,841] +19] 7,734] 7,652
Household audio and
video equipment . 1,358] 1,256] 1,171 +8.1) +73] +5.6 1,099] 1,183] 1,066) 898] +22.4] 4,254] 3,904
Communications equipment . . 6,601] 6,959] 6,719] -5.1] 43.6 +65] 5,997] 7,635] 6,111] 5,471] +9.6] 24,847) 21,784
Electronic components. 10,760} 10,882] 10,816] -1.1] +06 +1.0} 10,276] 11,386] 10,618] 8,805] +16.7] 42,108] 35,730
Transportation equipment . 39,131] 36,649] 37,787] +68] -3.01 +1.2) 41,050] 39,225] 40,914] 39,707] +3.4| 154,739] 161,194
Motor vehicles and parts . 28,464] 25,353) 27,197] +123} -6.8] 1.2) 30,560] 26,939] 30,685] 28,230} +8.3| 113,826] 116,772
Aircraft, missiles,
space vehicles, and parts, 7,865] 8,243] 7,690] -4.6] +72] +6.3] 7,532} 8,938] 7,363] 8,443] 10.8] 29,443] 32,736
Shipbuilding and tanks ..... 866 796 854] +88) -6.8) +4: 843 841 843 793] 46.3) 3,217] 3,319
Instruments and related products . 11,7311 11,705] 11,812] +021 -0.9) +1.5] 11,129] 12,464] 11,506] 10,685] +4.2! 45,409] 44,358
Search and navigation equipment 2,370] 2,364] 2,461] +03] -3.9] -0.8) 2,180] 2,544] 2,448] 2,380] -8.4] 9.274] 9.951
Measuring and controlling devices .| 3,782) 3,785] 3,834) -0.1]  -1.3) +4.3] 3,593] 4,162] 3,754] 3,274) +9.7] 14,857] 14,002
Medical instruments and supplies 3,246] 3,281] 3,252! -1.1] +09] 43.81 3,093] 3,519 3,213] 2866] +7.9] 12,716} 12,092
Photographic goods . . . 1,893) 1,850] 1,859] +23] -0.51  -3.6 1.810] 1,805} 1,711) 1,753] +33] 6.923] 6,767
All other durable goods . . 16,858] 16,729] 15,898] +08) +52) -0.1] 16,623) 17,251] 15,551] 16,096] +33] 63,624] 64,590
Nondurable goods industries . 142,950] 140,793] 139,558] +1.5] +0.9 +0.2} 141,604} 143,061] 136,691] 135,359] +4.6] 549,714] 534,946
With unfilled orders . . . 34,843] 34,910] 34,740] -0.2| +0.5] -0.2| 34,240] 35,176] 34,192] 34,214} +0.1] 135,642] 134,614
Food and kindred Products . 38,372| 37,807] 37,816] +15] 0.0] -1.2) 37.232] 38,346] 36,933} 35,034] +6.3] 147,789] 140,382
Meat products . 8,836] 8,878] 8,701] -0.5] +2. 5] 8,580] 8,792] 8,431] 8,163] -+5.1] 33,892] 31,667
Dairy products . 4,770] 4,810] 4,803] -0.8| +0.1 4,675] 4,909] 4,724] 41593] +1.8] 19022] 18,574
Beverages ... 5,882} 5,645] 5,588] +4.2] +1. 5,847] 5,598] 5,017] 5,296] +10.4] 21,333] 19,832
All other foods, ‘excent fi fats and 16,755] 16,527] 16,462) +14) +0.4} 16,001] 17,100] 16,499] 15.108] +5.9] 65,141] 62,405
Tobacco products .... . 2,940] 3,014} 3,017) -2.5] -0.1 2,787] 3,142} 2,851] 2,865] -2.7] 11,428] 11,037
Textile mill products... . 6,005} 6,094] 6,006] -1.5] +1.5 5.771] 6465] 5,837] 6,052] -4.6| 23,066} 24.511
Broadwoven fabrics and
other textiles . 3,713] 3,755] 3,678) -1.1] +21] +0.3] 3,598] 4,072] 3,643] 3,785] -4.9| 14,526] 15,551
Paper and allied prov 13,003) 13,053] 13,218) -0.4)  -1.2) 1.7} 12,644] 13,189] 13,247) 13,326] -5.1] 51,959] 53,158
Pulp, paper, and
paperboard mill products ...... 5,147] 5,184] 5,297] -0.7] -2.1) -3.3] 5,003} 5,235] 5,306] 5,883] -15.0} 20,780] 22,980
Paperboard containers and boxes ..] 3,439] 3,539] 3,659] -2.8) -3.3) 1.6) 3,449| 3,564] 3,626) 3,615] -4.6| 14,193] 14,287
Miscellaneous converted
paper products .......... 4417] 4,330] 4,262 42.0) +1 4,192] 4,390] 4,315] 3,828) +9.5} 16,986] 15,891
Chemicals and allied products 30,901] 30,380} 30,259] +1.7) +0.4) 32,027] 32,175] 29,998] 30,905] +36) 123,322] 122,664
Industrial chemicals . . . 16,035] 15,928] 15,843] +0.7)  +0.5} 16,516} 16,632] 16,030] 16,962) -2.6] 64,380] 67,650
Drugs, soaps, and toiletries 11,096] 11,069] 10,801] +0.2)  +2.5} 10,530] 11,605] 10,381} 9,637] +93] 43,123] 40,227
Petroleum and coal products . 16,069] 15,038] 14,262) +69] +5.4 16,021} 13,783] 12,961] 13,298] +205] 55,216] 48,572
Rubber and plastics products ......{ 10,292] 10,081] 10,016] +21] +0.6 10,576] 10,660] 10,092} 10,251] +32] 40,435] 40,544
All other nondurable goods... . 25,368] 25,326] 24,964] +0.2) +1.5} 24,546] 25,301] 24.772] 23,628] +3.9] 96,499] 94,078

¥ Preliminary. ’ Revised.

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

See nate at and af tahle 7 relating ta cunvew variahilite