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

Seasonally adjusted Not seasonally adjusted

Industry Monthly Percent Change Monthly Percent

change

June May Apr.| May-} Apr. | Mar.- June May Apr. June| June

1998?} 1998" 1998] June] May] Apr.| 19987] 1998" 1998 1997] 98/97

All manufacturing industries... . 466,593 | 465,729] 464,668] +02] +02]  +0.6] 464,465] 469,773] 467,122] 445,734] +42
Manufacturing industries

with unfilled orders ...... 0.0... 312,957] 311,938] 310,960} +03] +03] +09] 312,806} 315,984] 313,015] 298,571] +48

without defense capital goods... . . 448,197| 447375] 446,559] +02] +02] +06] 445,934] 451,131] 448,981| 429,093] +3.9

Durable goods industries .
With unfilled orders

Stone, clay, and glass products.

Primary metals ...........
Blast furnaces, steel mills . .
Iron and steel! foundries
Nonferrous and other primary

metals... 2.0... 10,903] 10,920] 10,932] -0.2

Fabricated metal products - | 30,746] 30,460] 30,580] = +0.9

Industrial machinery and equipment. | 61,032] 61,081 | 61.247] -0.1
Engines and turbines .......... 4,075] 4396] 4,451 13
Farm and garden machinery .... . 3,618 3,615 3,623 +0.1
Construction, mining and

295,125 | 294,375] 293,393 +03 +03 +0.9| 293,802] 297,637] 295,053] 280,596 +47
271,639 | 270,782 | 269,884 +03 +03 +1.0] 271,100] 274,150] 271,433] 258,483 +49
911 9,092 9,067 +0.2 +03 0.7 9,228 9,348 9,292 9,211 +0.2
24,633 24,465 24,340 +0.7 +0.5 +0.4 24,502 24,468 24,332 24,235 +11
12,160 11,986 11,852 +15 +11 +0.4 11,950 11,841 11,667 11,579 +32
1,570 1,559 1,556 +0.7 +0.2 +0.6 1,600 1,603 1,611 1,616 10

+04 10,952 11,024 11,054 11,040 08
+0.6 31,075 30,831 30,954 29,338 +5.9
40.4 60,337 62,044 61,752 58,751 42.7
+16 3,967 4,460 4,428 3,721 +6.6
2.9 3,440 3,498 3,649 3,348 42.7

material handling equipment .... 8,682 8,585 8,498 +11 +10 +13 8,735 8,713 8,625 7,751|  +12.7
Metalworking machinery ....... 7564| 7510] 7418] 40.7) 41.2] 40.7) 7574] 7,695] 7,484) 7,377] 42.7
Computer and office equipment ... | 10,196] 10,186] 10,418] +0.1 22] +04] 9811] 10,585] 10,496] 10,796] -9.1
Electronic and other
electrical equipment ........ 40,653] 41,236] 41,378 14 03 0.0} 40,548] 41,986] 41,779] 39,524 42.6

Electrical transmission and
distribution equipment and

industrial apparatus ........... 5306) 5,329] 5,425 04] -18] 27] 5,258] 5,378] 5,456] 5,644] -6.8
Household appliances .........- 2,313 2,360 2,387 -2.0 ll +11 2,367 2,567 2,559 2,553 73
Electric lighting and

wiring equipment ............ 3,398] 3,395] 3,400] +0.1 O01} +06} 3,440) 3,488] 3,445] 3,374] 42.0
Household audio and

video equipment ........... : 948 911 858 +41 +6.2 Dal 991 915 837 1,074 1.7
Communications equipment ..... | 10,461] 10,576] 10,603 “Ll 03} -03} 10,279} 10,840] 10,726] 10,101} +18
Electronic components . . . . 14,676] 15,132] 15,171 30} -03] +15] 14,557] 15,196] 15,175] 12,939] +12.

Transportation equipment . +. | 74567] 73,398] 72542] +16] +12] 42.2] 73,759] 73,869] 72,593] 67,661] +9.0
Motor vehicles and parts . . . . . - | 17,034] 16,686] 16,450] 421] +14] 1.6] 16,553] 16,612] 16,510] 16,019] +33

Aircraft, missiles,
space vehicles, and parts. .

51,908] 51,114] 50,625] +16] +10] 435] 51,662) sill] 50,587] 46,610] | +108
Shipbuilding and tanks .. . .

1,782 1,694 1,633 45.2 437 26 1,772 1,703 1,656 1,596 +11.0

Instruments and related products .... | 26,720] 26,797] 26,530 03} +10] +06] 26,858] 27,131] 26,705] 25,931] +3.6
Search and navigation equipment . 6,744 6711 6601} +05) +17 0.0] 6,828 6,808 6,662 6,597] +35
Measuring and controlling devices . 8,223 8,299] 8,256 09} +05) +10] 8262] 8,369] 8,314 8129] +16
Medical instruments and Supplies : 8,424 8,494 8,395 0.8 +12 +0.9 8,420 8,574 8,396 8,089 +4.1
Photographic goods .. . . : 2,625 2,594] 2,583] +12] +04) +06] 2633] 2,669] 2,633 2,481| +61

Alll other durable goods ....... -. | 27,663] 27,846] 27,709 07) +05} +11] 27,495] 27,960] 27,646] 25,945] +6.0

Nondurable goods industries ...... . 171,468] 171,354] 171,275, +0.1 0.0 +0.1] 170,663} 172,136] 172,069] 165,138
With unfilled orders ..... o 41,318] 41,156] 41,076 +04 40.2 +06] 41,706] 41,834] 41,582] 40,088

Food and kindred products... 37478] 37,503} 37,488 -0.1 0.0 0.1] 35,848] 36,216] 36,760] 34,655
Meat products . 4114] 4,099} 4,053) +04) +11 10] 4,166] 4,195] 4,153 3,980
Dairy products . 3,745 3,837] 3,817 24] +05 09} 3,820] 3,921 3,927] 3,501
Beverages... . 8156] 8,121 8117, +04 00} +04] 7,993 8,071 8,138} 7,311
All other foods, except fats and oils | 19,618] 19,562] 19,596] +03 02] +01] 18,098] 18,171] 18,625] 18,128

Tobacco products ...... 5,720 5,779 5,772 -1.0 40.1 AQ 5,276 5,537 5,707 5,370

Textile mill products... . 10,267] 10,254] 10,224) +0.1| +03 0.0{ 10,345] 10,586} 10,482] 10,181
Broadwoven fabrics and

other textiles 6363] 6,381 6,364 03} +03] +03] 6,365 6,548 6,499 6,239] +2.0

Paper and allied products .
Pulp, paper, and
Paperboard mill products ...... 6710] 6590] 6547] +18] +07] +02] 6,646] 6,645] 6,619] 6,337] +49
Paperboard containers and boxes . . 4316] 4229] 4212] 421] 404] 40.1] = 4.299] 4.261] 4,280] 3,819] +12.6
Miscellaneous converted

16,508 16,388 16,363 +0.7 +0.2 +03 16,453 16,618 16,609 15,622 +53

Paper products ........ sees 5,482] 5,569} 5,604) -1.6]  -0.6] +04] 5,508] 5,712] 5,710] 5,466] 40.8
Chemicals and allied products .... . 46,061 45,821 45,611 +05 +0.5 4+0.5| 46,077} 46,376] 46,137] 42,117 49.4
Industrial chemicals. . - | 20433] 20,474] 20,445, 02] +01] 40.7] 20,273] 20,484] 20,469] 19,507] +3.9
Drugs, soaps, and toiletries . 20,188} 19,946] 19,823) +12] +06{ +08] 20532] 20513} 20,088] 17,616] +166
Petroleum and coal products . . . 10,767] 11,169] 11,400 -3.6 -2.0 0.0} 10,924) 11,498] 11,467] 12,849] -15.0
Rubber and plastics products ..... 16,746] 16,571} 16,484} = +1.1 40.5 -0.2] 16,762] 16,734] 16,745} 16,284 42.9
All other nondurable goods 27/921) 27,869] 27,933} +02] -02) +03] 28978] 28571] 28,162] 28,060] +3.3

* Preliminary. ‘ Revised.
See note at end of table 2 relating to survey error and revision.


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

380 380
New Orders
360 360
340 340
320 320
300 300
280 1 L L 1 1 1 1 i L 1 L i L 280
Jun Aug Oct Dec Feb Apr Jun Aug Oct Dec Feb Apr Jun
Jun. 1996 - Jun. 1998
Total Manufacturing
Ratio of Unfilled Orders and
Inventories to Shipments

\/S Ratios UO/S Ratios
2.5 3.9
OT ae vos }-4 3.8
2.3 vs 7 3.7
2.2 43.6
2.1

2
1.9
1.8
1.7
1.6

1.5
1.4
1.3
1.2

Jun Aug Oct Dec Feb Apr Jun Aug Oct Dec Feb Apr Jun

Jun. 1996 - Jun. 1998
Note: All Charts based on seasonally

adjusted current dollars.


Table 6. VALUE OF MANUFACTURERS’ UNFILLED ORDERS AND TOTAL INVENTORIES

FOR TOPICAL SERIES'
(Millions of dollars)

Seasonally adjusted

Not seasonally adjusted

Industry Monthly Percent Change Monthly Percent
change
June May Apr. | May- | Apr- | Mar- June May Apr. June | June
1998" 1998" 1998 | June | May | Apr. 1998" 1998" 1998 1997 | 98/97
UNFILLED ORDERS
All manufacturing industries 529,274 | 533,470 | 536,859 08 -0.6 +0.4 | 527,006 | 536,103 | 541,896 | 520,327 +13
Market categories :
Automotive equipment 2,431 2,431 2,433 rs ee 26 | 2,365 | 2398] 2,464 | 2,472 43
Home goods and apparel 8,238 8,189 8,198 +06 0.1 39 8,429 8,392 8,228 8,544 13
Consumer staples 2179 | 2219 | 40.1 18] +01 2211 2,018 | 2,043 | __2,283 32
Machinery and equips 247,027 | 246,375 04} +03 | +04 | 245,544 | 247,724 | 247,035 | 229,055 472
Business supplies 6774 | 6792} +09] -03 | +05] 6983 | 6,903 776 | 7,018 0.5
Construction materials
and supplies. . . 18,204 | 18,276 | 18,281 -04 00} +11 | 18339 | 18,391 | 18,467 | 17,378 45.5
Defense products 94,157 | 94,692 | 95,992 06] -14 0.0 | 94,338 | 95,505 | 97,781 | 101,962 75
Other materials, supplies and
and intermediate products . 151,309 | 153,902 | 156,569 7} -1.7 | +07 | 148,797 | 154,772 | 159,102 | 151,615 -19
Durable goods industries :
Nondefense capital goods * 263,008 | 264,339 | 264,091 0.5 | +0.1 | +03 | 262,299 | 264,409 | 264,361 | 249,191 +53
Excluding aircraft and parts 104,748 | 105,327 | 105,255 05 | +01 -0.4 | 104,039 | 105,397 | 105,525 | 99,143 +49
Defense capital goods * ... 99,334 | 99,993 | 101,154 0.7 Ld 40.1 99,604 | 100,958 | 103,135 }| 106,851 68
Durables excluding capital goods 142,314 | 144,106 | 146,205 12] -14 | +09 | 139,901 | 145,196 | 148,711 | 137,778 +15
Miscellaneous series :
Producers’ durable equipment 286,038 | 287,186 | 286,449 04] +03 | +03 | 284,785 | 287,483 | 286,839 | 266,408 +69
Household durable goods ....... 5372 | 5,321 5308 | +10] +02] -45 5,292 | 5,283 3,149 5,609 57
Information technology industries . | 40,428 | 40,186 | 39,720] +06] +12] -12] 40,500 | 40,444 | 39,690 | 39,040 43.7
Health care equipment
and products .......... 9159} 9,130] 9,116} +03} +02] +261 8899] 9,227] 9,144} 7,755 | +148
TOTAL INVENTORIES
All manufacturing industries 466,593 | 465,729 | 464,668 | +02] +02 | +06 | 464,465 | 469,773 | 467,122 | 445,734 +42
Market categories :
Automotive equipment ......... 8,521 3410 | 8277 | +13] +16] -06] 8,306 8,508 8,372 8,054 43.1
Home goods and apparel 31,278 | 31,205 | 31,136 | +02] +02 -0.1 | 32,306 | 32,296 | 31,553 | 31,180 43.6
Consumer staples ... . 72,164 | 72,887 | 72,886 0.2 0.0 | +01 | 71,432 | 72,377 | 72,530 | 68,593 +41
Machinery and equipment 119,503 | 119,143 | 118836 | +03 | +403 | +17 | 118,376 | 120,923 | 119,660 | 113,171 44.6
Business supplies . 27947 | 27,938 | 27,965 oo] -0.1 | +08] 28,040 | 28,227 | 28,253 | 27,049 43.7
Construction material
and supplies. . 28,374 | 28,395 | 28,383 0.1 0.0 | +04 | 28,538 | 28,725 | 28,687 | 28,014 +19
Defense products . 18,131 | 18,044] 17,778 | +05] +15 | +09} 18,240 | 18312 | 17,808 | 16424 | +111
Other materials, supplies and
and intermediate products .... . . 160,075 | 159,707 | 159,407 | +02] +02 | +02 | 159,227 | 160,405 | 160,259 | 153,249 43.9
Durable goods industries :
Nondefense capital goods * 111,994 | 111,412 | 111,365 40.5 0.0 +1.6 | 111,012 | 113,190 | 112,065 | 106,590 +41
Excluding aircraft and parts 72,091 | 72,340 | 72,614 03 04 +02 | 71,475 | 73,884 | 73,358 | 70,371 +16
Defense capital goods ‘ . 18,396 | 18354 | 18,109 | +02] +14] +05 | 18,531 | 18,642 | 18,141 | 16,641 | +114
Durables excluding capital gc 164,735 | 164,609 | 163,919 | +01] +04 | +04 | 164,259 | 165,805 | 164,847 | 157,365 +44
Miscellaneous series :
Producers’ durable equipment 191,822 | 191,128 | 190,665 | +04] +02] +12 | 190,817 | 193,644 | 192,023 | 183,475 +4.0
Household durable goods... .. . 15,823 | 15,767 | 15,623 | +04] +09] +04] 16,088} 16,183 | 15,758 | 15,258 45.4
Information technology industries . | 33,959 | 34,094 | 34,225 04] 04] +02 | 33,482 | 34962 | 34591 | 33,804 +10
Health care equipment
and products ............... 19,367 } 19,306 | 19,142 } +403] +09] +09] 19,545 | 19,690 | 19,285 | 17,649 | +107

See footnotes at end of table 5.

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


Table 5. VALUE OF MANUFACTURERS’ SHIPMENTS AND NEW ORDERS
FOR TOPICAL SERIES'

(Millions of dollars)

Seasonally adjusted ‘Not seasonally adjusted *
Monthly Percent Change Monthly Percent Year to date
Industry change
June] May} Apr. | May-| Apr.-| Mar-| June] May Apr.| June | June
198°} 1998} 1998] June] May| Apr.| 1998°] 1998] 1998] 1997} 98/97] 1998" } 1997
SHIPMENTS
All manufacturing industries ..... 334,650] 333,622] 335,553] +0.3] -0.6, —-1.0] 357,930] 333,343] 332,551] 349,240] — +2.5} 2,013,535]1,938,378
Market categories :
Automotive equipment ..... 13,274] 14,259] 14,343] -6.9) -3.3] 13,757] 15,322) 15,201] 14,712] -6.5] 88,408] 86,277
Home goods and apparel 19,035] 18,899] 19,157] +0.7/ +0.8] 20,079] 17,686] 18,021] 19,303] +4.0] 110,695] 105,366
Consumer staples ........ 69/323] 68,662) 69,101] | +1.0 0.0| 71,409] 67,904] 66,987] 69,085] +3.4] 406,254] 394,135
Machinery and equipment . 64,397] 63,150] 63,225] +2.0 -2.0 73,449] 61,885] 61,150] 67,573) +8.7) 382,718] 348,948
Business supplies ........ 25,562] 25,554] 25,409] 0.0] +0.6 -1.0] 26,696] 25,431] 25,996] 26,318] +1.4) 151,842] 148,480
Construction materials
and supplies 21,896] 21,428] 21,403] +22] +0.1]  -0.9] 23,530} 21,869) 21,496] 22,511] -+4.5] 127,610} 123,662
Defense products . : 6,623] 6,922] 7,056] -4.3| -1.9] +18} 7,168] 6,732] 6,806 7,484] += -4.2| 40,760] 39,166
Other materials, supplies an
and intermediate products . . . 114,540] 114,748] 115,859] -0.2]-1.0] 1.3] 121,842] 116,514] 116,894] 122,254] -0.3] 705,248] 692,344
Durable goods industries :
Nondefense capital goods * . 52,174} $0,586] $0,560] +3.1 -2.0] 61,436) 47,843] 46,966] 55,346] +11.0] 304,290] 272,955
Excluding aircraft and parts 44,800 42,980] 43,014] +4.2 -2.0 53,175] 40,601] 39.531] 47,698] +11.5] 259,979] 234,379
Defense capital goods‘ ..... 6.272) 6,558) 6,745] -4.4 +17] 6837] 6373] 6,450] 7.1691 -4.6| 38,641} 36,999
Durables excluding capital goods . | 127,853] 128,645] 129,538] 0.6 -1.7| 135,817] 131,593] 131,543] 134,919] +0.7] 786,241] 757,184
Miscellaneous series :
Producers’ durable equipment . 120,479} 120,481] 120,313] 0.0] +0.1 133,904] 120,628] 118,802] 128,010] +4.6| 733,790] 685,815
Household durable goods .......] 9, 9258] 9,302) +24)  -0.5} 10,167] 8,738] 8, 9,533] +6.7| 54,747] 50,417
Information technology industries .| 25,159] 24,209] 24.270} +3.9] -0.3 31,027] 21,978] 20,638] 27,536] +12.7| 143,752] 128,816
Health care equipment
and products .............-+ 12,152] 11,635] -11,714] +44] 0.7} -1.8] 12,938] 10,975] 11,043) 11,688] +10.7) 69,638) 63,970
NEW ORDERS
All manufacturing industries 330,454] 330,233] 337,502] +0.1| -2.2] +0.8] 348,833] 327,550] 336,909] 346,439] +0.7] 2,008,983 [1,949,753
Market categories :
‘Automotive equipment .. . . 13,2741 14,256] 14,277) 6.9] -0.1] -3.7] 13,723] 15,257] 15,119] 14,682) -6.5] 88,287] 86,427
Home goods and apparel 19,084] 18,891] 18,826] +1.0) +03] +1.5| 20,116] 17,851] 17,763] 19,459] +3.4). 110,567] 106,763
Consumer staples... . . 69,326] 68,622| 69,103] +1.0 7] -0.1] | 71,602] 67,878] 67,002] 69,312) +3.3] 406,415] 394,334
Machinery and equipment . 63,289] 63,803] 64,295] -0.8 8] +1-5] 71,269] 62,575] 62,685] 66,869] +6.6] 385,520] 352,874
Business supplies 25,620| 25,537] 25,442] +03] +0.4] -0.9] 26,775) 25,559] 26,148) 26,264) +19) 152,393] 149,011
Construction materials
and supplies 21,825| 21,424 21,601] +1.9] -0.8] +0.2) 23,478] 21,792] 21,767] 22,649] +3.7) 128,323) 124,633
Defense products ....... 6,088] 5,621] 7,036 +83} -20.1] +269} 6,000] 4,457] 6,931] 6,773] -11.4) 37,552] 36,127
Other materials, supplies and
and intermediate products .... . . 111,948] 112,079] 116,922] -0.1]  -4.1] +0.8| 115,870] 112,181] 119,494] 120,431] -3.8] 699,926] 699,584
Durable goods industries :
Nondefense capital goods * . 50,843] 50,834] 51,240] 0.0) -0.8]- +1.5] 59,326] 47,891] 47,519] $4,795] +8.3] 305,373] 274,975
Excluding aircraft and parts. 44,221) 43,052) 42/544] 42.7] +12] -3.5] 51,817] 40,473) 38,934] 46,238) +12.1] 260,846] 237,302
Defense capital goods * ... . 5,613} 5,397| 6,865] +4.0] -21.4] +27.5] 5,483] 4,196] 6,813] 6,370] -13.9] 36,029] 34,146
Durables excluding capital goods . | 126,061] 126,546] 130,816] -0.4] -3.3] +0.6] 130,522] 128,078] 134,827] 133,105] -1.9] 783,240} 767,512
Miscellaneous series :
Producers’ durable equipment . 119,331] 121,218] 121,207] -1.6f 0.0] -0.3| 131,206] 121,272] 119,911] 126,782] +3.5] 735,461] 691,828
Household durable goods .......] 9,527) 9,271] 9,050] +2.8| +24) +02) 10,176 8,872) 8,583) 9,678] +5.1] 54,256) 51,572
Information technology industries .| 25,401] 24,675] 23,803] +2.9] +3.7]  -3.9] 31,083] 22,732] 20,375] 27,649] +12.4) 146,282] 131,647
Health care equipment
and products 0... 2.0... 0005 12,181] 11,650] 11,949] +46 -2.5] -1.4 12,610] 11,059] 11,467] 11,288] +11.7] 70,072] 64,169

Preliminary. ' Revised.

' Topical series are regroupings of the separate industry categories.
2 Shipments and new orders are the totals for the period and are adjusted for trading-day and calendar-month variations.

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

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

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

and tank components; and search and navigation equipment.

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


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 June May Apr. Mar. June May Apr. Mar.
1998" 1998" 1998 1998 1998" 1998" 1998 1998
All manufacturing industries... . . . 139 1.40 1.38 136 2.74 2.79 2.79
Durable goods industries 1.58 1.58 153 3.25 331 331
Stone, clay, and glass products 113 114 1.16 0.83 0.82 0.84
Primary metals -......... 1.63 161 155 218 221 2.18
Fabricated metal products . . 1.56 154 154 146 1.46 1.48
Industrial machinery and equipment 162 1.67 1.66 2.05 214 214
Electronic and other
electrical equipment . 133 139 1.34 1.86 1.95 1.95
Transportation equipment . . 182 1.68 1.57 10.83 10.44 10.41
Instruments and related produ: 1.89 194 186 3.44 3.54 3.56
Nondurable goods industries... . . . 1.16 1.16 1.15 11S 0.65 0.66 0.67
Food and Kindred products . 0.92 0.93 092 0.92 ® fers) &)
Tobacco products . . 161 1.69 1.70 1.76 &) &) (X)
Textile mill products... . . 1.35 152 1.30 1.48 (NA) (NA) (NA)
Paper and allied products . . 119 118 117 117 (NA) (NA) (NA)
Chemicals and allied products 1.40 141 141 139 (X) (X) (xX)
Petroleum and coal products 087 0.89 0.89 0.88 &) &) &)
Rubber and plastics products 129 127 1.25 125 &) (e9) (e9)

* 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
June June June June
June? | 1997- June? | 1997- June? | 1997- June? | 1997-
June' | 1993-| May | June! | 1993-} May | June} 1993-] May | June’ | 1993. } May
1998| 1997] 1998} 1998} 1997] 1998] 1998} 1997| 1998] 1998] 1997 | _1998
All manufacturing industries ...... (x) 01 02 (xX) 02 02 es) 01 0.1 e9) 0.0 0.1
Durable goods industries 03 02 02 0.1 03 03 0.0 0.1 01 ie4) 0.1 0.1
Stone, clay, and glass products . . (X) 05 03 (X) Ll 0.8 ® 0.8 0.7 (xX) 0.1 0.2
Primary metals ........ : 0.1 04 03 0.0 0.7 06 0.0 02 02 x) 0.0
Fabricated metal products... . . . (X) 04 02 () 08 0.5 (Xx) 04 03 (Xx) . 0.1
Industrial machinery and equipment Ot 06 05 “0.1 1.0 05 0.4 02 01 &) 02 01
Electronic and other

electrical equipment 03 02 os| 04 23 09 02 1.0 04 (x) Ol 01
Transportation equipment . . 01 07 os] 03 04 07] -0.1 01 Ol &) 0.1 03
Instruments and related produ (xX) 1 05 e3) 19 12 (e9) 01 03° (x) 01 01
Nondurable goods industries (ea) 02 02 (xX) 02 02 [e.9) 04 02 (xX) 0.2 0.0
Food and kindred products . & 01 04 (x) 09) &) (x) ¢ (X) (x) 02 02
Tobacco products . . (X) 0.0 0.0 (X) (X) (Xx) (X) (X) (X) (Xx) 0.0 0.1
Textile mill products &® 05 03 | aay] aa) (x) | NA) | (NA) &) 03 Ol
Paper and allied products . X) 08 03 (x) | (NA) | (NA) (x) | (NA) | (NA) (x) 02 0.1
Chemicals and allied products & 03 03 (x) « (x) () &) ) 02 OL
Petroleum and coal products (X) 0.2 0.2 &) &) (Xx) (X) &) (x) (x) 0.1 0.2
Rubber and plastics products . . (x) 03 02 (Xx) (x) (x) (x) &) () (Xx) 02 0.1

Capital goods industries :
Nondefense see 01 07 04] 06 1.0 06] 0.1 0.0 OL ) ol 02
Defense . . . 0.0 03 09 0.7 19 24 0.0 O1 0.2 (x) 0.1 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.
2 Average for this month for the last five years.
See note at end of table 2 relating to survey error and revision.


CURRENT INDUSTRIAL REPORTS

ie

4

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

Manufacturers’ Shipments,
Inventories, and Orders

June 1998
‘M3-1-(98)-06
For Wire Transmissions 10:00 a.m. E.D.T. August 6, 1998

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

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

Summary

New orders for manufactured goods in June increased $0.2
billion or 0.1 percent to $330.5 billion, the Department of Commerce,
Bureau of the Census reported today. This follows a 2.2 percent
May decrease and is the third increase in the last four months.
Excluding transportation, new orders increased 1.1 percent, the fourth
increase in the last five months. Year to date, new orders are 3.1
percent above the same period a year ago; new orders for the second
quarter are 0.7 percent below the first quarter.

Shipments increased $1.0 billion or 0.3 percent to $334.6
billion, following a 0.6 percent May decrease. This is the first
increase since March, Year to date, shipments are 3.9 percent above
the same period a year ago; shipments for the second quarter are 0.3
percent below the first quarter.

Unfilled orders, down four of the last five months, decreased
$4.2 billion or 0.8 percent to $529.3 billion, following a 0.6 percent
May decrease. The unfilled orders-to-shipments ratio was 2.74,
down from 2.79 in May.

Inventories increased $0.9 billion or 0.2 percent to $466.6
billion. This is the seventeenth increase in the last eighteen months.
The inventories-to-shipments ratio was 1.39, down from 1.40 in May.

New Orders

New orders for manufactured durable goods in June decreased
$0.3 billion or 0.1 percent to $182.5 billion, revised from the
previously published 0.2 percent decline. This follows a 3.3 percent
May decrease and is the fourth decrease this year.

Transportation equipment, down four of the last five months,
had the largest decline, $3.0 billion or 7.2 percent to $39.4 billion;
decreases in motor vehicles and parts and aircraft and parts more
than offset increases in shipbuilding and tanks and railroad
equipment. This follows a 4.5 percent May decrease. Instruments
and related products, up two of the last three months, had the largest
increase, $0.9 billion or 6.5 percent to $14.1 billion.’ This follows a
3.7 percent May decrease. New orders for nondurable goods, up for
ihe first month’since March, increased $0.5 billion or 0.3 percent to
$147.9 billion. This follows a 0.8 percent May decline. Food and
kindred products and chemicals and allied products had the largest
increases.

Shipments

Shipments of durable goods in June increased $0.5 billion or
0.3 percent to $186.3 billion, revised from the previously published
slight increase. This follows a 0.6 percent May decrease and is the
first increase since March.

Industrial machinery and equipment, up six of the last seven
months, had the largest increase, $1.2 billion or 3.3 percent to $37.8
billion. This follows a 0.9 percent May decrease. Transportation
equipment, down for the third consecutive month, had the largest
decrease, $2.6 billion or 6.0 percent to $40.9 billion, mostly due to
motor vehicles and parts. This follows a 0.7 percent May decrease.

Shipments of nondurable goods, up for the first month since
March, increased $0.5 billion or 0.4 percent to $148.4 billion,
following a 0.6 percent May decrease. Food and kindred products
had the largest increase, $0.5 billion or 1.1 percent to $40.6 billion.
This follows a 1.1 percent May decline.

Unfilled Orders

Unfilled orders for durable goods in June decreased $3.8 billion
or 0.7 percent to $504.7 billion, unrevised from the previously
published 0.7 percent decrease. ‘This follows a 0.6 percent May
decrease and is the fourth decrease in the last five months.
Transportation equipment, down four of the last five months, had the
largest decrease, $1.5 billion or 0.6 percent to $251.3 billion, due to
aircraft and parts. This follows a 0.4 percent May decrease.
Electronic and other electrical equipment decreased $1.0 billion or
1.8 percent to $57.1 billion. This follows a 1.1 percent May
decrease. Industrial machinery and equipment, down for the third
consecutive month, decreased $0.9 billion or 1.3 percent to $72.9
billion, following a 0.4 percent May decrease.

Inventories

Inventories of durable goods in June increased $0.8 billion or
0.3 percent to $295.1 billion, following a 0.3 percent May increase.
This is the sixth consecutive monthly increase and the sixteenth in
the last eighteen months. Transportation equipment, up for the sixth
consecutive month, had the largest increase, $1.2 billion or 1.6
percent to $74.6 billion. This follows a 1.2 percent May increase.
Electronic and other electrical equipment ihad the largest decrease,
$0.6 billion or 1.4 percent to $40.7 billion. This follows a 0.3
percent May decrease and seven consecutive monthly increases.

Inventories of nondurable goods, up six consecutive months,
increased $0.1 billion or 0.1 percent to $171.5 billion, following a
slight May increase. Chemicals and allied products had the largest
increase, $0.2 billion or 0.5 percent to $46.1 billion. This follows a
0.5 percent May increase and is the sixteenth increase in the last
seventeen months.

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

NOTE: The data in this press release are consistent with the revised historical series released July 21, 1998. A report which includes these data from 1987 through 1997
is a (on our internet site or from Census Bureau's Customer Services Center. Please call (301) 457-4100 to order the book. Our internet site address is:
http:/www.census.gov/ftp/pub/indicatorhvww/m3

The advance report on durable goods for July is scheduled for August 26, 1998 at 8:30 a.m. and the full report on September 2, 1998 at 10:00 a.m. 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 11
New Orders and Shipments
Three Month Moving Averages
Billions of Dollars

New Orders

s2t| —— | -------------- errr fA - ee {52

Shipments

a7} - -------- 2 --e  e rrrrre 447

42 442
37 L--------- errr rr rr rrr rrr rrr te -+|37
1 1 L 1 L i 1 L 1 i i L L
Jun Aug Oct Dec Feb Apr Jun Aug Oct Dec Feb Apr Jun
Jun. 1996 - Jun. 1998
Defense Capital Goods
New Orders and Shipments
Three Month Moving Averages

Billions of Dollars
10 10
9 New Orders 9

4 1 L 1 1 1 1 1 1 1 1 L 1 1 4
Jun Aug Oct Dec Feb Apr Jun Aug Oct Dec Feb Apr Jun

Jun. 1996 - Jun. 1998

Note: All Charts based on seasonally
adjusted current dollars.


Table 7. VALUE OF MANUFACTURERS’ INVENTORIES, BY STAGE OF FABRICATION,

BY INDUSTRY GROUP
(Millions of dollars)

Seasonally adjusted

Not seasonally adjusted

Industry Monthly Percent Change Monthly Percent
change
June May Apr. | May- | Apr- | Mar- June May Apr. June June
1998" 1998" 1998 June May Apr. 1998” 1998" 1998 1997 98/97
MATERIALS AND SUPPLIES
All manufacturing industries 155,290 | 154,704 | 154,556 +04 +0.1 +0.2 | 154,310 | 154,112 | 154,280 | 148,183 +41
Durable goods industries . . 93,191 92,778 92,470 +04 +03 +0.6 92,269 92,159 91,738 87,581 +54
Stone, clay, and glass products « 3,000 2,962 2,979 +13 0.6 +02 00: 2,956 2,953 2,943 +2.0
Primary metals ... . . 8,046 7,913 7,866 +17 +0.6 +17 7,902 7,686 7,618 7,666 43.1
Fabricated metal products . 10,711 10,506 10,647 + 13 +14 10,701 10,412 10,590 10,030 +6.7
Industrial machinery and equipment 19,839 20,013 20,042 0.1 +08 19,645 20,157 19,903 19,229 +22
Electronic and other
electrical equipment .... 15,667 15,750 15,573 -0.5 +11 14 15,565 15,774 15,636 15,148 42.8
Transportation equipment . . . 15,658 15,315 15,247 422 40.4 0.3 15,540 15,217 15,287 14,198 +9.5
Instruments and related product 9,326 9,380 252 0.6 +14 +2.0 363 9,465 9,310 8,480 +10.4
Lumber, furniture and
miscellaneous durable goods .. . 10,944 10,939 10,864 0.0 +0.7 +18 10,551 10,492 10,441 9,887 +6.7
Nondurable goods industries . 62,099 61,926 62,086 +0.3 03 0.4 62,041 61,953 62,542 60,602 +24
Food and kindred products . 11,157 11,176 11,219 0.2 0.4 +0.4 11,004 11,046 11,311 10,858 413
Tobacco products . . 4,958 994 5,002 0.7 0.2 -14 679 4,875 5,035 4,808 2.7
Textile mill products 2,991 2,999 2,967 03 +1 -0.5 3,012 3,092 3,026 3,058 -15
Paper and allied products.» 8,132 7,986 8,001 +18 02 +0.2 8,063 7,981 8,076 7,543 +69
Chemicals and allied products 15,352 15,119 15,168 +15 03 0.8 15,512 15,187 15,234 14,512 46.9
Petroleum and coal products 3,094 3,343 3,415 “74 21 5.9 3,149 439 3,483 3,960 -20.5
Rubber and plastics products . . . 6,783 6,721 6,697 +0.9 +0.4 +04 6,758 6,724 6,749 6,385 +58
Apparel, printing and publishing
and leather goods . 9,632 9,588 9,617 +0.5 03 +0.6 9,864 9,609 9,628 9,478 +41
WORK IN PROCESS
All manufacturing industries 151,164 | 150,901 150,240 +0.2 +0.4 +1.6 | 149,757 | 151,984 | 150,409 | 141,033 +62
Durable goods industries ......... 121,362 | 121,101 120,494 +0.2 +05 +1.7 | 120,552 | 122,388 | 120,869 | 113,755 +6.0
Stone, clay, and glass Products 1,307 304 1,299 +0.2 40.4 18 4334 355 1,362 »263 +5.6
Primary metals. 8,560 8,610 8,662 0.6 0.6 +0.4 8,553 8,666 8,718 8,845 33
Fabricated metal pr ducts | . 092 9,012 8,957 +0.9 +0.6 +0.2 9,094 9,086 8,977 8,506 +69
Industrial machinery and equipment 22,777 22, 884 22,808 0.5 +03 +0.6 22,644 23,264 22,952 21,921 +33
Electronic and other
electrical equipment ...... . 14,390 14,677 14,936 -2.0 “17 +2.0 14,376 14,911 15,039 13,653 +53
Transportation equipment 49,920 49,279 48,576 +13 +14 43.6 49,140 49,627 48,445 44,066 +115
Instruments and related products . 9,996 10,020 9,951 0.2 +0.7 08 10,069 10,124 10,048 10,271 -2.0
Lumber, furniture and
miscellaneous durable goods 5,320 5,315 5,305 +0.1 +0.2 0.7 5,342 5,355 5,328 5,230 42.1
Nondurable goods industries . 29,802 29,800 29,746 0.0 +0.2 +12 29,205 29,596 29,540 27,278 +71
Food and kindred Products - 810 5,814 5,826 0.1 0.2 +0.7 5,270 5,273 5,466 006 +53
Tobacco products . 8 122 120 33 +17 +8.1 105 Mt 110 105 0.0
Textile mill products . 2,670 2,641 2,686 +11 AT +03 2,644 2,664 2,719 2,634 40.4
Paper and allied products . 1,576 1,637 1,667 37 -18 0.1 1,584 1,662 1,678 1,558 +17
Chemicals and allied products 8,701 8,683 8,595 +0.2 +10 +2.9 8,731 8,850 8,615 7,296 +19.7
Petroleum and coal products 2,609 2,659 2,684 -19 09 -1.0 2,613 2,734 2,724 2,818 +73
Rubber and plastics products . . 2,253 2,174 2,234 +36 2.7 16 2,193 2,165 2,223 2,148 +21
Apparel, printing an ! publishing ©
and leather goods .... . 6,065 6,070 5,934 0.1 +23 42.2 6,065 6,137 6,005 $,713 +6.2
FINISHED GOODS
All manufacturing industries 160,139 | 160,124 | 159,872 0.0 +0.2 0.0 | 160,398 | 163,677 | 162,433 | 156,518 42.5
Durable goods industries 80,572 80,496 80,429 +0.1 +0.1 0.1 80,981 83,090 82,446 79,260 42.2
Stone, clay, and glass Products . 4,804 4,826 4,789 0.5 +0.8 -10 4,892 5,037 4,977 5,005 23
Primary metals . 8,027 7,942 7,812 +11 +17 0.9 8,047 8,116 7,996 7,724 44.2
Fabricated metal products . 10,943 10,942 10,976 0.0 03 +0.1 11,280 11,333 11,387 10,802 +44
Industrial machinery and equipment 18,416 18,184 18,397 +13 12 04 18,048 18,623 18,897 17,601 42.5
Electronic and other
electrical equipment . 10,596 10,809 10,869 -2.0 0.6 0.5 10,607 11,301 11,104 10,723 ld
Transportation equipment . + 8,989 8,804 8,719 42.1 +10 0.9 9,079 9,025 8,861 9,397 3.4
Instruments and related products 7,398 7,397 7,327 0.0 +1.0 +0.8 7,426 7,542 7,347 7,180 43.4
Lumber, furniture and
miscellaneous durable goods . . . 11,399 11,592 11,540 “17 +0.5 +12 11,602 12,113 11,877 10,828 +71
Nondurable goods industries . 79,567 79,628 79,443 0.1 +02 +0.2 79,417 80,587 79,987 77,258 428
Food and kindred products . 20,511 20,513 20,443 0.0 +03 0.5 19,574 19,897 19,983 18,791 +42
Tobacco products ....... 644 663 650 29 42.0 6.7 492 551 562 45 477
Textile mill products . 4,606 4,614 4,571 0.2 +0.9 +03 4,689 4,830 4,737 4,489 44.5
Paper and allied products . . 6,800 6,765 6,695, +0.5 +1.0 +0.5 6,806 6,975 6,855 6,521 +44
Chemicals and allied products 22,008 22,019 21,848 0.0 +0.8 +0.6 21,834 22,339 22,288 20,309 +75
Petroleum and coal products 064 5,167 5,301 2.0 2.5 +47 5,162 5,325 5,26 6,071 15.0
Rubber and plastics products . . 7,710 7,676 7,553 +04 +16 0.2 7,811 7,845 7,773 7,751 40.8
Apparel, printing and publish a
and leather goods . 12,224 12,211 12,382 +0.1 14 0.8 13,049 12,825 12,529 12,869 +14

° Preliminary. ‘ Revised.

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


Table 3. VALUE OF MANUFACTURERS’ UNFILLED ORDERS FOR INDUSTRY GROUPS

(Millions of dollars)

Seasonally adjusted

Not seasonally adjusted

Industry Monthly Percent Change Monthly Percent
change
June May Apr.]| May-| Apr. | Mar.~ June May Apr. June} June
1998" 1998" 1998] June} May} Apr. 1998” 1998" 1998 1997] 98/97
All manufacturing industries . $29,274] 533,470] 536,859} — -0.8 0.6] +04] 527,006} 536,103} 541,896] $20,327] +13
Manufacturing industries
without defense capital goods .... 429,940 | 433,477] 435,705 08 -0.5 +04] 427,402] 435,145] 438,761] 413,476 434
Durable goods industries 504,656] 508,438| 511,450 0.7 -0.6 +04] 501,804] 510,563] 516,207] 493,820 +16
Stone, clay, and glass Products 6,394] 6,255 6318] +22 “1.0 04) 6,454] 6,302 6,451 6,794 “5.0
Primary metals... . : 33,010} 33,603] 33,839] -1.8 -0.7 0.2] 32,858] 34,243] 35,152] 31,950] 42.8
Blast furnaces, ste! mills 14,076 14,295 14,209 “15 +0.6 18 13,937 14,701 14,884 13,055 46.8
fron and steel foundries . 5,625 5,804 5,797 3.1 +0.1 0.8 5,641 5,886 5,975 4,939} +142
Nonferrous and other primary
metals... 2.2... + 13,309} 13,504] 13,833 “14 24) 41.8] 13,280] 13,656] 14,293] 13,956 48
Fabricated metal products | 27142] 27,154] 27,269 00} -04] +16) 27,165] 27,195] 27,273) 25,773] 45.4
Industrial machinery and equipment . 72,926| 73,850] 74,167 -13 0.4 0.0] 71,998] 73,816] 74,365} 72,628 -0.9
Engines and turbines tee 11,470] 11,846} 12,109 32 22) +25] 10,886] 11,217| 1,551] 11,424 4.7
Construction, mining and
material handling equipment 11,409} 11,349] 11,261] +05] 408} =408] 11,366] 11,574] 11,691 9,169} +24.0
Metalworking machinery 7,277 7,379 7,420 -14 -0.6 0.6 7,277 7,379 7,420 8,097] — -10.1
Computer and office equipment . 7,901 7,834 7,809 +09 +03 “15 7,979 8,061 1,774 9,024]  -11.6
Electronic and other
electrical equipment ........... 57,060} 58,099] 58,722 18 “ll 42.9] 55,326] 58,412] 59,883 54,069 423
Electrical transmission and
distribution equipment and
industrial apparatus 6,481 6,421 6416 +09] 40.1 -15] 6,465 6,505 6540] 6920]  -6.6
Electric lighting and
wiring equipment .... . . 5,218 5,317 5,222 19} +18} +16] 5,218 5,317 $222] 4,545] +148
Communications equipment 17,303] 17,321] 16,418 01] 45.5 02] 17,310] 17,335] 16,433] 15,205] +13.8
Electronic components . . 22,009] 22,943] 24,277 4.1 55) = +7.5{ 20381] 23,201] 25,301] 21,224 4.0
Transportation equipment ....... 251,296 | 252,835] 253,975 06 04] 40.21 251,248] 253,445] 255,679] 245,907] +2.2
Aircraft, missiles,
space vehicles, and parts. 216,185 | 218,389] 218,831 -10 02} +08] 216,351] 219,208] 220,510] 213,395] +14
Shipbuilding and tanks... . .. 17,957| 17,325] 17,924] +36 33 -2.6| 18,025] 17,274] 17,818] 18,618 32
Instruments and related products 48,679 | 48,743] 49,302 0.1 “ll 02] 48,550] 48,977] 49,595] 48,968 09
Search and navigation equipment 28,211} 28,017] 28,297) +0.7 -10]  -0.7| 28308] 28,149] 28,584] 28,807 “17
Measuring and controlling devices . 10,124 10,312 10,582 -18 -2.6 -13 10,124 10,312 10,582 10,696 53
Medical instruments and supplies . 9117] 9,088] = 9,074} 40.3] = 40.2] +2.7 8,856] 9,185] 9,103 TT) +148
All other durable goods . 8,149 7,899 7,858 43.2 40.5 44 8,205 8,173 7,809 7,731 +6.1
Nondurable goods industries ....... 24,618} 25,032] 25,409 “17 “15 0.5} 25,202] 25,540] 25,689 | 26,507 49

° Preliminary. ‘ Revised.

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


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

Seasonally adjusted Not seasonally adjusted
Monthly Percent Change Monthly Percent Year to date
Industry change

June | May | Apr. | May-| Apr] Mar.-| June | May} Apr. | June | _ June
1998"| 1998] 1998] June | May| Apr.| 19987] 1998] 1998] 1997] 98/97] 19987} 1997

All manufacturing industries... . . | 330,454] 330,233] 337,502 +0.1] -2.2]  +0.8| 348,833] 327,550) 336,909) 346,439] —_+0.7/2,008,983 1,949,753

Manufacturing industries
with unfilled orders .........

. .| 188,690] 187,974] 194,141] +04) -3.2)  +2.0] 201,181] 182,231] 191,635] 198,456] +1.4] 1,147,050 ]1,095,812
without defense capital goods... .

324,841] 324,836] 330,637 0.0} -1.8| +0.4] 343,350} 323,354} 330,096} 340,069 +1,0] 1,972,954 }1,915,607

Durable goods industries .. . .
With unfilled orders wee
Stone, clay, and glass products
Primary metals .......
Blast furnaces, steel mills . .
Iron and steel foundries
‘Nonferrous and other primary
metals ......-...-5- hee 7,360) 7,168 7,891) +2.7 9.2) +18. 7,583} 6,989] 8,001 7,976} 49 45,507] 49,218
Fabricated metal products ..... 19,710] 19,630] 20,001] +04] -1.9| 41.5] 20,955} 20,089] 20,228] 20,499] +2.2) 119,582] 114,004
Industrial machinery and equipment .| 36,833] 36,244] 36,889] +1.6) 1.7] -1.5| 42,775] 34,900) 35,252] 37,837] +13.1] 223,550] 202,549
Engines and turbines -} 12931} 2,013] 2:443) 4.1] -17.6 +20.6f ©2498) 1,877] 1,991] 2,022) +23.5] 11,921) 10,362
Construction, mining an
material handling equipment . .
Metalworking machinery
Computer and office equipment .
Electronic and other
electrical equipment
Electrical transmission an
distribution equipment and
industrial apparatus ........... 3,638] 3,527] 3,409] +3.1] +35] -5.6 3,946] 3,413] 3,361) 3,586] +10.0) 21,860) 20,737
Electric lighting and
wiring equipment ........
Communications equipment
Electronic components .
Transportation equipment . .
Aircraft, missiles,
space vehicles, and parts.
Shipbuilding and tanks ....
Instruments and related products .
Search and navigation equipment

182,517] 182,777] 188,921 0.1 3.3] +1.6] 195,331] 180,165] 189,159] 194,270} +0.5] 1,124,642 |1,076,633
151,424] 150,578] 156,541]  +0.6} -3.8]  +2.5] 162,937] 145,743] 154,569} 160,863 +13] 925,284] 883,083
8,193} 7,919] 7,871) +3.5} +0. -0.7] 8,864) 8,109 8,109] 8,079) +9.7 46,987] 44,064
14,560) 14,940) 15,451 2.5 -3.3] +5.1) 14,558] 14,642] 15,576} 16,136 98 93,805] 98,965
5,923) 6,286] 6,095] -5.8)  +3.1) 3 5,662] 6,172) 6,091 6,602) -14.2 38,756] 40,675
1,277] 1,486) 1,465] -14.1]  +1.4) -15.0) 1,313 1,484) 1,558} -15.7 9,542 9,072

4,585} 4,356] 4,241) $5.3] 42.7] -3.3) 4,728] 4,197] 4,232] 3,966) +19.2 27,132) 23,586
3,323) 3,373) 3,450) -1.5) +22) -5.0| 3,726] 3,306) 3,227 3,491 +6.7| 20,233} 19,575
11,181] 10,447) 10,710] +7.0 -2.5]  +0.7} 15,037] 9,112} 8,538] 11,799) +27.4 63,310} 52,537

29,558} 29,144) 31,707) +1.4} 8.1] +2.8} 30,481} 27,052] 31,784] 31,530} -3.3] 180,233] 173,638

2,094) 2,307) 2,320) -9.2) 0.6) +5. 2,142) 2,288) 2,235) 2,177 16 13,538] 12,856
7,242) 7,880] 6,689} -8.1] +17.8] -11.4) 8,478 7,264) 5,749} 8,423) +0.7 42,966] 38,128
11,433] 10,484] 14,067] +9.1]  -25.5] +162] 10,452) 9,349] 15,600] 11,683 10.5 71,776] 70,958
39,388} 42,422) 44,431 72 4.5] +5.3| 40,892] 43,299] 46,284] 44,864 -8.9} 263,140] 250,381

8,438] 10,760] 12,827] -21.6] -16.1) +50.4} 8,931 9,431] 12,872) 11,824)  -24.5 63,049] 56,342
1,549) 250) 584} $19.6] -57.2) | -38.7] 1,772] 284) 562) 1,168} +51.7 4,998 4,498
14,083] 13,228] 13,736) +6.5 3.7] +0.5] 15,145] 12,892] 13,072] 15,010} +0.9 81,999] 80,728
3,221 2,677 2,843] +203 5.8) +3.5] 3,479] 2,414) 2,620) 3,243 +73 17,033] 16,234

Measuring and controlling devices .| 37825] 3,880 3,920] -1.4| -1.0] -0.1] 4,112} 3,864) 3,702] 4,518) -9.0] 23,919) 24,800
Medical instruments and supplies .] 4695] 4,313] 4,648] +8.9] -7.2| 2.4) 4,832) 4,201] 4,559) 4,280] +12.9) 27,160] 24,918
All other durable goods ...... - «| 20:192| 19250] 181835] +49} +22) -3.2| 21,661] 19,182] 18,854] 20,315] +66) 115,346] 112,304

Nondurable goods industries . . .

147,937 147,456] 148,581} +0.3) -0.8] — -0.1] 153,502] 147,385] 147,750} 152,169) +0.9] 884,341} 873,120
With unfilled orders .......

37,266] 37,396] 37,600) -0.3 -0.5] +0.3] 38,244] 36,488] 37,066] 37,593 +4.7] 221,766] 212,729

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

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

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


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

‘Seasonally adjusted

‘Not seasonally adjusted’

Monthly Percent Change Monthly Percent ‘Year to date
Industry change
June} May| Apr. | May-| Apr.-| Mar-| June] May] Apr. | June | June
1998? 1998" 1998] June | May] Apr. 1998" 1998" 1998 1997 | 98/97 1998” 1997
All manufacturing industries .... . 334,650} 333,622) 335,553} +0.3 -0.6| — -1.0} 357,930] 333,343] 332,551] 349,240 +2.5| 2,013,535 1,938,378
Manufacturing Industries
with unfilled orders ...... «| 192,886] 191,363] 192,192] +0.8) 0.4] — -1.2} 210,278) 188,024] 187,277) 201,257 +4.5| 1,151,602 [1,084,437
without defense capital goods . . 328,378} 327,064) 328,808] +0.4| 0.5) -1.1] 351,093] 326,970} 326,101] 342,071 +2.6] 1,974,894 |1,901,379
Durable goods industries ......... 186,299] 185,789] 186,843) +0.3) -1.7| 204,090) 185,809} 184,959} 197,434 43.4} 1,129,172 |1,067,138
With unfilled orders ...... 155,206] 153,590} 154,463 =1.5] 171,696] 151,387] 150,369] 164,027 +4.7| 929,814] 873,588
Stone, clay, and glass products . . 8,054 7,982) f +03} 8,712) 8,258] 8,113 8,090) +77 46,709} 43,774
Primary metals .......... 15,153} 15,176] 15,523 -0.9] 15,943] 15,551] 16,098] 16,656) 43 95,285} 96,282
Blast furnaces, steel mills. 6,142 6,200] 6,358 -13] 6,426] 6,355) 6,583 6,784 53 39,177] 39,520
Iron and steel foundries o 1,456} 1,479) 1,513 43 1,558) 1,570 1,602} 1,467 46.2 9,377 8,435
Nonferrous and other primary
metals ......-...- 7,555) 7,497 7,652) +08 24 +0.2) 7,959| 7,626) 7,913) 8,405) 53 46,731] 48,327
Fabricated metal products 19,722] 19,745] 19,570} 0.1] +0.9} -0.9] 20,985) 20,167| 19,748} 19,983) +5.0) 118,767] 112,134
Industrial machinery and equipment 37,757] 36,561] 36,898} +3.3 0 +0.1] 44,593] 35,449) 35,439] 40,108] +11.2] 224,977] 202,991
Engines and turbines 2,307} 2,276) = 2,149] +14 6.7) 2,829) 2,211 2,024) 2,364) +19.7 13,569} 11,912
Farm and garden machinery ..... 2,175 2,118] = 2,182) +2.7] +64) 2,224) 2,498] 2,969} 1,947) +142 14,686} = 12,978
Construction, mining and
material handling equipment . 4,525 4,268) 4,155} +6.0) +0.7) 4,936] 4,314) 4,275) 4,041) +22.1 26,132} 23,036
Metalworking machinery vee 3,425 3,414] 3,494) +0.3 +04) 3,828] 3,347 3,271 3,963 3.4 20,105} 19,693
Computer and office equipment ...| 11,114] 10,422] 10,826] +6.6} +22) 15,119 8,825) 8,420] 12,636] +19.7 62,963} 53,493
Electronic and other
electrical equipment ...... 30,597) 29,767] 30,056] +2.8} -1.0]  -2.5] 33,567] 28,523) 27,883) 32,148} +4.4) 178,213] 167,872
Electrical transmission and
distribution equipment and
industrial apparatus . 3,578 3,522] 3,505] +1.6| — +0.5} 4.5) 3,986] 3,448} 3,479) 3,812) +46 21,913] 20,428
Household appliances . 2,17 2,051 2,026) +3.2| +1.2) -0.6) 2,467) 2,050) 2,006 2,268 4+8.8 12,412] 11,442
Electric lighting and
wiring equipment ............ 2,193! 2,212 2,240] -0.9} -13) 0.0) 2,241 2,193} 2,155 2,207 +15 13,247) 12,821
Household audio and
video equipment .......- 1,042 1,030) 1,084] +1.2| -5.0) 956) 869) 891 967 ll 5,501 5,141
Communications equipment 7,260 6,977] 6,714) +41] +3.9) 8,503) 6,362) 5,757 7,489] +13.5 39,987) 35,349
Electronic components 12,367} 11,818) 12,383] +4.6 46 13,272] 11,449] 11,664] 12,962) 424 72,935] 69,350
Transportation equipment . 40,927] 43,562] 43,863} — -6.0) -0.7] 43,089] 45,533] 45,528] 44,901 4.0] 266,409) 253,625
Motor vehicles and parts . 26,898] 29,461] 29,730] -8.7 0.9) 27,642] 31,928] 31,657] 30,065 -8.1] 183,306] 178,201
Aircraft, missiles,
space vehicles, and parts. 10,642) 11,202] 11,109) 5.0) 11,788} 10,733} 10,768) 11,537 +22 64,818} 58,309
Shipbuilding and tanks ...... 917 849) 1,070} +8.0) 1,021 828) 1,092; 1,039} AT 5,403 5,344
Instruments and related products . 14,147] 13,787] 13,836) +2.6 15,572] 13,510} 13,226} 14,985 43.9 83,578] 79,417
Search and navigation equipment . 3,027 2,957] 3,029) +2.4] 3,320] 2,849] 2,966) 3,055 +8.7 17,968} 16,145
Measuring and controlling devices . 4,013 4,150} 4,062) -3.3) 4,300) 4,134] 3,844) 4,597 6.5 24,648] 24,532
Medical instruments and supplies . 4,666] 4,299] 4,412] +85 5,161 4,119) 4,135 4,682} +10.2 26,728) 24,727
Photographic goods . . 1,973] 1,924 1,903} +2.5) 2,274) 1,945 1,844] 2,187 +4.0 11,488] 11,550
All other durable goods . . 19,942] 19,209] 19,198] +3.8] 21,629} 18,818] 18,924) 20,563 45.2] 115,234] 111,043
Nondurable goods industries ....... 148,351] 147,833] 148,710) +04) -0.6f — -0.2} 153,840] 147,534] 147,592] 151,806) +13] 884,363) 871,240
With unfilled orders . . . 37,680] 37,773) 37,729] -0.2) +0.1) -0.1] 38,582} 36,637} 36,908] 37,230 +3.6| 221,788] 210,849
Food and kindred Products 40,602} 40,143) 40,604) +1.1 -1.d 0.21 41,538] 40,236} 39,670] 39,884 +4.1] 240,341) 230,910
Meat products . 8,897) 8,812) 8,733] +1.0) +0.9) +0.2} 9,110) 9,012) 8,562 8,742) 51,877] 50,626
Dairy products . 6,127) 5,963| 5,933] +2.8) +0.5] -0.4) 6,320} 6,054 5,769} 4,976] 35,777| 29,222
Beverages . . 6,122 6,053 6,075} +11 0.4) +16) 6,931 6,475) 6,071 6,471 36,184] 34,338
All other foods, “except fats and oils. 17,417] 17,247) 17,798) +1.0 3.1 -0.4| 17,138] 16,627) 17,203] 17,807 103,932] 104,744
Tobacco products 3,550] 3,421 3,393} +3.8) +08] +1.7} 3,677 3,431 3,215) 3,218 20,218} 18,652
Textile mill products . 6,623} 6,745 6,806) -1.8 0.9] -1.2) 7,264) 6,773] 6,486] 7,624 40,978] 41,520
Broadwoven fabrics and
other textiles 4,041 4,052} 4,098) -0.3 1d 40) 4,354) 4,112) 3,946) 4,521 3.7 25,308] 25,682
Paper and allied product 13,873] 13,938] 13,937] -0.5) 0. 0.1] 14,475} 13,801) 13,717) 13,832 +4.6 83,567) 79,076
Pulp, paper, and
paperboard mill products 5,295) 5,351 5,435] -1.0} -1.5]  -0.6) 5,472 5,248) 5,341 5,349} 423 32,532] 31,418
Paperboard containers and boxes 3,674) = 3,632 3,593) +12) +11 0.1] 3,774) 3,677 3,626) 3,360) +12.3 21,778) 19,956
Miscellaneous converted
paper products ....... 4,904) 4,955 4,909] -1.0]  +0.9} +0.3| 5,229) 4,876} 4,750 5,123} +21 29,257] 27,702
Chemicals and allied products 32,828] 32,501] 32,380] +1.0) +04) -1.0) 34,658] 32,920) 33,541) 34,126] +1.6] 198,886] 196,688
Industrial chemicals ....... 15,155] 15,059] 14,989] +0.6) +0.5} -1.9] 15,927] 15,228] 15,332] 16,875 5.6 93,191] 98,290
Drugs, soaps, and toiletries . 13,785] 13,505] 13,439] +2.1! +0.5]  -0.7| 14,318] 12,595} 12,686] 12,880) +11.2 78,905| 72,061
Petroleum and coal products 12,437] 12,599] 12,782) -1.3] 1.4] -1.0] 12,983] 13,175] 12,725) 15,172) -14.4 74,443) 87,419
Rubber and plastics products 12,989} 13,045) 13,203] -0.4 1.2] +0.1] 13,825) 13,478) 13,636] 13,704 +0.9 80,197] 79,124
All other nondurable goods 25,449) 25,441) 25,605 0.0) 0.6] +1.1] 25,420) 23,720) 24,602) 24,246 +48) 145,733) 137,851

¥ Preliminary.’ Revised.

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

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