Table 4. VALUE OF MANUFACTURERS? INVENTORIES FOR INDUSTRY GROUPS

ms of dollars)

= adjusted

Not seasonally adjusted

Industry Monthly Percent Change Monthly Percent
change
Jan. Dec. Nov.| Dec-| Nov-| Oct Jan. Dec. Nov, Jan, Jan.
1997" 1996" 1996] Jan.| Dec] Nov. 1997 1996" 1996 1996] 97/96
All manufacturing industries . . 438,148] 437,922] 439,371 40.1 03 +0.3| 436,670} 428,193} 439,502] 433,242 +0.8
Manufacturing industries
with unfilled orders. 2... 2.0... 294,669] 293,761] 295,807] +03 0.7] 40.5] 292,535] 285,159] 295,629} 290,216] +0.8
without defense capital goods 418,998 | 419,366] 420,504 0.1 03] +03) 418,011] 410,468] 420,546] 414,466] +09
Durable goods industries. . 277,527] 276,439) 277,917] +04] = -05} — +0.2| 276,575] 269,306] 278,567} 271,717] +18
With unfilled orders : 255,385] 254,458} 256,140]  +0.4 0.7) +05] 253,852] 247,368] 256,548] 248,892} +20
Stone, clay, and glass Products: - 8508] 8,432] 8393] +09] 940.5] +10] 8.482 8,201 8111 8398] — +1.0
Primary metals... . 23,887] 24,160] 24,003 11} 40.7] +08) 23,981] 24,196] 23.843] 23,719] +11
Blast furnaces, steel mills” 12,034] 12,218] 12,142 -1S]} +06] +14] 12,263] 12,486} 12,212] 11/803] 43.9
fron and steel foundries 1,495 1,494 1,492 40.1 +0.1 +0.6 1,474 1,461 1,457 1,368 477
Nonferrous and other p mary
metals... 2... 10,358] 10,448] 10,369] -0.9) +08) +03] 10,244] 10,249] 10,174] 10,548 29
Fabricated metal products. . . 26,359] 26,196] 26,158] 40.6] 40.1) 40.1] + 26,237] 25.708] + 25,697] 26.063] -+0.7
Industrial machinery and equipm 57,767] 57,635} 58,679] -+0.2 “18 0.0} 57,740] 55,557] 59,288] 59147) -2.4
Engines and turbines see 3,818] 3,804] 3,964 20) 18} 421 3,632] 3,654] 4,168 3,725 25
Farm and garden machinery 2,858| 2,785 2624) +26] +61 53 3164] 2,943] 2,664 3,140] +08
Construction, mining and
material handling equipment 7357) 7340] 7,420] +0.2 -ll} +08] 7,364] 7,146] 7,379 TIT) +3.
Metalworking machinery 6,928] 6,968) 7,145 06} -25 04] 6817] 6,582] 7,105 6,968 22
Computer and office equipment . 11,647] 11,760] 12,286 10] -43 10} 11,659} 10,947} 12,705] 13,814] -15.6
Electronic and other
electrical equipment ...... 40,872] 41,153] 41,601 07}  -11] +08] 40,547] 39,726] 41,401] 40,965 -10
Electrical transmission and
distribution equipment and
industrial apparatus . . . . 4,812 4,818 4,798 01 +0.4 +11 4,755 4,684 4,898 4,917 33
Household appliances . . . . 2,742) 2,765] 2,831 08] 23 04) = 2,737] 2,541 2,720} 2,678] +22
Electric lighting and
wiring equipment 3,331 3,320] 3,315] +03 +05] 3,264] 3,152 3,300] 3,360 29
Household audio and
video equipment . . 1,977 1,565 1559] +08 42.5 1514 1,438 1,462 1,560] -29
Communications equipment 11,303} 11,265} 11,548] +03 +12] 11273] 10,780] 11464] 10,713} -+5.2
Electronic components . . 13,566] 13,850] 13,893 21 +05] 13,566] 13,713] 13,998] 14,273 -5.0
‘Transportation equipment . 69,218] 68,175] 68,403 +15 +0.3{ 68,906] 66,227] 69,495] 64,070] +75
Motor vehicles and parts . 15,644] 15,635] 15,500} +0.1 22] 15,765} 15,308] 15,721} 15,653] +0.7
Aircraft, missiles,
space vehicles, and parts. 48,547] 47,617] 47,735] -+2.0 +12] 48,121] 46,131} 48,609] 43,407] +10.9
Shipbuilding and tanks . . . 1,923 1,906 1,943 +09 42.4 1,914 1,838 1,930 1,790 +69
Instruments and related products . . . 25,288] 25,036] 24.931] +1.0 -12| 24,735] 24.276] 25,101] 23,564) —-+5.0
Search and navigation equipment 6872] 6,737] 6,723] -+2.0 21 6717] 6,565 6771 6161] — +9.0
Measuring and controlling devices . 8,145 8,120 7,907 +03 -18 8,023 7,897 7921 7,603 45.5
Medical instruments and Supplies 7,874 7,485 7,432 +12 +02 7,453 7,316 7,518 7,004 +64
Photographic goods .. . 2,048} 2.051 2,233 0.1 “14 1,905 1,857 22251 2,198] -13.3
All other durable goods . . 25,628] 25,652] 25,749] 0.1 +0.1] 25,947] 25,415] 25,631] 25,791] +06
Nondurable goods industries . . 160,621] 161,483] 161,454 -05 +0.4} 160,095} 158,887] 160,935] 161,525, -09
With unfilled orders . . 39,284] 39,303] 39,667 0.0 +05] 38,683] 37,791} 39,081} 41,324 “6.4
Food and kindred products . 33,135 | 33,285] 33,491 05 +06] 33,526] 33,577] 35,003] 33,424] +03
Meat products 3,974] 4,043] 4,062 “17 03] 3,910] 3,838] 4,035 3979] -1.7
Dairy products . 2,797] 2,908] 2,927 38 44] 2.730 2,804] 2.870] 2.722] +03
Beverages... . 6,263 6217] 6212] +07 13] 6,225 6,123} 6,298 617] +18
All other foods, except fi fats and oils 17,870] 18,013] 17,948} -0.8 +10] 18,245] 18,602] 19,295} 18,493, -13
Tobacco products. . . oe 5,229] 6,036] 6,072] -13.4 +27] 5,564] 6,464] 6,156] 6,095 87
Textile mill products... . .. 10,080} 10,069} 10,088} +0.1 +02] 10,056] 9,620) 9.867] 10,237 -18
Broadwoven fabrics and
other textiles... . 6,023} 6017} 6018] +0.1 00} +07) 6035) 5,785, 5950] 6,120] -1.4
Paper and allied products 16,364} 16,478] 16,537 -0.7 04]  -0.6] 16364] 16,273] 16,302] 17,602 -10
Pulp, paper, and
paperboard mill products . . . 6,697 6,760 6,839 0.9 +12 09 6,764 6,694 6,783 7,307 74
Paperboard containers and boxes 4,057} 4,045} 3.992} 403] +13 06] 4,057] 4,032] 3.897} 4532] -10.5
Miscellaneous converted
paper products 5610] 5,673 5,206} -1.1 06] -0.1 5,543 5,547 $622] 5,763 3.8
Chemicals and allied products 39,705| 39,819] 39,461 03} +09] +03] 39,601] 39,529] 39,008} 38,606] +2.6
Industrial chemicals... . 19,262} 19,286] 19,087 0.1] +10} +02] 19,493] 19.421] 18\856] 18,946] +29
Drugs, soaps, and toiletries 15,324] 15,487} 15,372 -l1] 407] 40.4] 14,788] 15,090] 15,279] 14,648] +1.0
Petroleum and coal products . . 13,085] 12,910} 12,683} +14] +18] +0.8] 12,662] 12.251] 12,667] 11,626] +89
Rubber and plastics products. 15,744] 15,664] 15,578] +05] +06) +03) 15,873] 15,528] 15,284] 15341] #35
All other nondurable goods... . 27,279) 27,222) 27,544) +0.2 12] +04] 26,449] 25,645] 26,648] 28,594 13

* Preliminary. ‘ Revised.

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


10

Total Manufacturing
New Orders and Shipments
Three Month Moving Averages

Billions of Dollars

360 — 360
New Orders

340 F- --------- 2-2-2 ee eee e eee eee Shipments |-1 340

320 320

300

280

300

280

260 260
Jan Mar May Jul Sep Nov Jan Mar May Jul Sep Nov’ Jan
Jan. 1995 - Jan. 1997
Total Manufacturing
Ratio of Unfilled Orders and
Inventories to Shipments
V/S Ratios UO/S Ratios
2.5 3.9
2.4 3.8
2.3 3.7
2.2 3.6
2.1 3.5

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

Jan Mar May Jul Sep Nov Jan Mar May Jul Sep Nov Jan
Jan. 1995 - Jan. 1997

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
Jan. Dec, Nov. | Dec- | Nov. | Oct- Jan, Dee. Nov. Jan. | Jan.
1997" | 1996 1996 | Jan. | Dec. | Nov. | 1997° 1996" 1996 1996 | 97/96
UNFILLED ORDERS
All manufacturing industries 518,910 | 514,398 | 514,261 40.9 0.0 +0.5 | 520,098 | 508,763 | 508,490 | 489,395 46.3
Market categories :
Automotive equipment . . 1,976 1,923 1923 | +28 oo | +03 | 2,029 1,875 1,877 | 2,023 +03
Home goods and apparel 9,412 6.4 12 21 8,154 7,620 8,174 8,649 5.7
Consumer staples . . 2,039 | +29] +22] +60] 2147/1 2099 | 2060] 1,865 | +15.1
Machinery and equipment 230,462 +12 03 -0.4 | 232,889 | 228,790 | 230,649 | 216,318 +17
Business supplies . . 6,589 03] +07] +19] 6533] 6488 | 6,429 | 6,350 +29
Construction materials
and supplies. . 16,458 | 16,230 | 15,786 | +14] +28] -05 | 16311 | 15,921 | 15,381 | 15,480 +54
Defense products 105,719 | 105,396 | 103,611 | +03] +17 | +427 | 105,851 | 105,644 | 101,406 | 100,140 $5.7
Other materials, supplies and |
and intermediate products . 144,856 | 143,070 | 144439 | +12] -09 | +06 | 146,184 | 140,326 | 142,514 | 138,570 45.5
Durable goods industries :
Nondefense capital goods? ..... 253,308 | 250,611 | 251,354 +11 -0.3 0.0 | 254,144 | 250,098 | 251,873 | 234,956 48.2
Excluding aircraft and parts 96,440 | 95,857 | 97,685 +0.6 -19 0.6 | 97,276 | 95,344 | 98,204 | 97,936 07
Defense capital goods‘ ........ 110,680 | 110,298 | 108,375 +03 +18 42.4 | 110,795 | 110,338 | 106,111 } 105,141 $5.4
Durables excluding capital goods 129,829 | 128,005 | 129.018 | +14] -08 | -06 | 130,867 | 123,979 | 126,147 | 125,796 +4.0
Miscellaneous series :
Producers’ durable equipment . 265,391 | 262,650 | 262,371 +1.0 +0.1 0.5 | 266,244 | 260,467 | 261,961 | 250,750 +6.2
Household durable goods . . 5363 | 5,686 | 5,577 57 | +20] -65 5,275 ‘ 042 | 5,672 -1.0
Information technology industries . | 37,551 ] 36,998 | 38,147 +15 3.0 -0.6 | 37,103 | 36,736 | 38,676 | 38,772 43
Health care equipment
and products ............... 7,940 7,643 7,905 43.9 33 +0.4 8,127 7,641 8,123 7,641 +6.4
TOTAL INVENTORIES
All manufacturing industries... .. 438,148 | 437,922 | 439,371 +0.1 03 +0.3 | 436,670 | 428,193 | 439,502 | 433,242 40.8
Market categories :
Automotive equipment ....... 7.914} 7,888 | 7,926 | +03 3.0 | 7,923 | 7,626 | 7,995 | 7,776 +19
Home goods and apparel 32127 | 32,102 | 32,206 | +0.1 -03 | 31,823 | 30,636 | 30,858 | 32,294 “15
Consumer staples . 64,035 | 65,079 | 65,121 -16 +0.7 | 63,739 | 64,746 | 66,318 | 64,171 0.7
Machinery and equipment 112,465 | 111,648 | 112,785 | +0.7 +04 | 111,956 | 107,771 | 114,123 | 107,469 44.2
Business supplies ......... 26,169 | 26,062 | 26,223 | +04 +0.4 | 25,682 | 24.957 | 25,994 | 25,955 ll
Construction materials
and supplies. . . 26,191 | 26,198 | 26,165 0.0 +0.6 | 26,223 | 25,672 | 25,804 | 26,385 0.6
Defense products . nee 18,976 | 18,390 | 18,768 43.2 0.0 | 18,572 | 17,691 | 18,834 } 18,644 -04
Other materials, supplies and
and intermediate products... .. . 150,271 | 150,555 | 150,177 02 | +03 | +02 | 150,752 | 149,094 | 149,576 | 150,548 +0.1
Durable goods industries :
Nondefense capital goods * 106,594 | 106,010 | 107,348 +0.6 +0.8 | 106,025 | 102,159 | 108,703 | 101,829 44.1
Excluding aircraft and parts. 70,337 | 70,145 | 71,688 40.3 +0.4 | 69,804 | 67,123 | 72,275 71,154 -19
Defense capital goods‘. 19,150 | 18,556 | 18,867 | +3.2 -0.4 | 18,659 | 17,725 | 18,956 | 18,776 -0.6
Durables excluding capital goods 151,783 | 151,873 | 151,702 0.1 -0.2 | 151,891 | 149,422 | 150,908 | 151,112 +0.5
Miscellaneous series :
Producers’ durable equipment 179,329 | 178,325 | 179,470 | +06 +0.1 | 178,668 | 172,934 | 180,428 | 174,039 42.7
Household durable goods . . - | 15,662 | 15,638 ] 15,690 | +02 +0.5 | 15,590 | 14,984 | 15,192 }| 15,083 +34
Information technology industries. 35,408 | 35,357 | 36,045, 40.1 0.6 | 35,106 | 33,604 | 36,450 | 36,437 37
Health care equipment
and products .......... 15,906 | 15,903 | 15,788 00} +07} +03 | 15,501 | 15,520 | 15,823 | 14,975 43.5

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

Jan. Dec. Nov. | Dec.- | Nov.-] Oct- Jan. Dec. Nov. Jan. Jan.
1997° 1996" 1996 | Jan.}| Dec.| Nov.| 1997? 1996" 1996 1996 | 97/96 1997" 1996

SHIPMENTS,
All manufacturing industries... .. 318,688} 315,278} 317,548] +1.1 0.7] +0.6) 288,696] 311,489} 319,036] 270,063) +6.9] 288,696] 270,063

Market categories :
Automotive equipment .........] 14,218] 13,375] 13,893
Home goods and apparel .......| 181996] 197114] 19/244]
Consumer staples , : 68,400] 67,320] 68,046]
Machinery and equipment . . 56,315] 56,766] 56,674]

-1.3} 13,381] 11,534) 14,363] 12,264] +9.1 13,381 12,264
+1.9] 15,989] 16,717) 20,347] 14,699] +8.8 15,989] 14,699.

0.0] 63,845) 67,595] 68,874) 58,985) 48.2 63,845) 58,985
+1.0) 47,688] 63,322} 56,449] 43,837 +88 47,688] 43,837

Business supplies .. . . . vss ++] 25333) 25,192] 257288 +14} 23,243] 24,437] 25,792| 21,739] +6.9] 23.243] 21,739
Construction materials

and supplies 0... 00.2.0... 19,814] 19,372] 19,584] 42. -0.6 17,462] 17,568] 19,475] 16241] 47.5] 17,462] 16,241
Defense products»... 22... 6,357] 6,519] 6,527] -2.5] 0.1] +93] 5.358) 7,640] 6,658} 5,362] -0.1] 5.358] 5362
Other materials, supplies and

and intermediate products .. . .. . | 109,255] 107,620] 108,292] +1.5] -0.6]_ +0.5] 101,730] 102,676] 107,078] 96,936  +4.9] 101,730] 96,936

Durable goods industries :
Nondefense capital goods? ......| 43,508] 44,612] 43,945
Excluding aircraft and parts. ....] 37,577] 38567] 3811321
Defense capital goods‘ ........] 6048] 6,132] 6.195
Durables excluding capital goods . | 121,207} 117,975] 120.004

+15] +19} 35,352] 53,380] 43,206] 32,492) +88 35,352] 32,492
+11} +16) 30,862] 45,253] 37,450] 29,226) 45.6 30,862} 29,226
-10) +9.) 4,991 7,420) 6,422] 4,975 +03 4,991 4,975
17] 0.0] 111,456] 109,632] 121,665] 104,049} +71] 111,456} 104,049

Miscellaneous series :
Producers’ durable equipment... . | 109,418] 107,632} 108,968} +1.7] 1.2) +0.6| 96,632| 110,163] 109,883] 89,402| +8.1| 96,632] 89,402
Household durable goods .......] 9,220) 9,450] 9,423] -2.4] +03] +0.4 7,725] 8,860] 10,097] 7224] +69] 7.725] 7.224
Information technology industries. | 21,300] 21,686] 21,482) -1.8| +0.9| +1.8| 16,892] 27941] 214i] 15.473] +92] 16892) 15.473
Health care equipment

and products ............ 10,858] 10,677) 10,604) +1.7) +0.7]}  -0.7] 10,365) 11,349] 10,525] 9,274] +11.8 10,365 9,274
NEW ORDERS
All manufacturing industries... . . 323,200} 315,415] 320,244] +2.5 1.5] -0.5] 300,031} 311,762] 319,916} 284,983) +53) 300,031] 284,983

Market categories :
Automotive equipment .........} 14,271] 13,375] 13,898] +67] 3.8] -1.1) 13,536] 11,531] 14,364] 12,370] +94) 13,536] 12,370
Home goods and apparel 18,406] 18,997} 19,043] -3.1) -0.2f -1.1] 16,523] 16,163} 19,270] 15,738] +5.0] 16,523] 15,738
Consumer staples 68,460] 67,364] 68,163] +16] -1.2| +0.3] 63,893] 67,634] 68,996] 59,025] +82! 63,893] 59,025
Machinery and equip +++] $8,990) 56,069} 55,797] +5.2] +0.5] -5.1] 51,786 61,463] 55,882] 51,295] +1.0] 51.786] 51,295
Business supplies .......... 25,311} 25,239] 25,409) +03] -0.7| 42.1) 23,288] 24,496] 25,863] 21,854] +66] 23.288] 21/854

Construction materials
and supplies 20,042) 19,815} 19,500] +11] +16 0.61 17,853! 18,107] 19,201) 16,444 +8.6 17,853 16,444
6,681 8,304) 9,251) -19.5] -10.2} +57.7] 5,564] 11,878] 9,188 TAB -22.0 5,564 TAB

Defense products .. .
Other materials, supplies and

and intermediate products... ... 111,039] 106,252} 109,183] +4.5] -2.7]_ -2.0] 107,588] 100,490] 107,152] 101,126] +6.4] 107,588] 101,126
Durable goods industries :
Nondefense capital goods” ......| 46,205) 43,869] 43,885] +53] 0.0} -7.6 39,398] 51,605| 43,680} 40,274] -2.2| 39,398] 40,274
Excluding aircraft and parts ....| 38,160] 36,739] 37,584] +39] -2.2)  -22) 32,794] 42/393] 37,436] 31.838]  +3.0] | 32°794] 31/838
Defense capital goods‘. . «| 6,430] 8,055] 8,765) -20.2]  -8.1] +63.3] 5.448] 11,647] 8,688] 7,005] -222| 5,448] 7,005

Durables excluding capital goods - | 123,031] 116,962] 119,238] +52] -1.5| -23| 118344] 107,464] 119.217] 1osi4is} +92| 118344 108413

Miscellaneous series

Producers’ durable equipment ... . | 112,159] 107,911] 107,709] +3.9} +0.2} — -2.0| 102,409] 108,669] 108,318] 97,808] +4.7] 102,409] 97,808
Household durable goods --] 8,897] 9,559] 9,038} -6.9]  +5.81 -6.4! 8,191] 8,627] 9,196] 7,922] 43.4 8,191 7,922
Information technology industries 21,853] 20,537] 21,242] +64] 3.3] -6.9] 17,259] 26,001] 21,424] 16,002] +79] 17.259] 16,002
Health care equipment

and products ........ +++} 11,153] 10,415} 10,636] +71) -2.1] +24) 10,851] 10,868] 10,575] 9,388] +15.6] 10,851] 9,388

* Preliminary. ‘ Revised.
' Topical series are regroupings of the separate industry categories.
* Shipments and new orders are the totals for the period and are adjusted for trading-day and calendar-month variations.
" Nondefense capital goods industries include : ordnance and accessories; steam, gas and hydraulic turbines; internal combustion engines; construction, mining, and materi
handling equipment; metalworking machinery; special industry machinery; general industrial machinery; computer and office equipment; refrigeration, heating and servi

industry machinery; electrical transmission and distribution equipment; electrical industrial apparatus; communications equipment; aircraft, missiles, space vehicles, and engin
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, tani
and tank components; and search and navigation equipment.

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


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 Jan. Dec. Nov. Oct, Jan Dec. Nov. Oct,
1997° 1996" 1996 1996 1997° 1996" 1996 1996
All manufacturing industries... .. 137 139 138 139 2.96 295 2.94 297
Durable goods industries... .. 1.63 1.64 1.63 1.64 3.56 3.54 3.52 3.56
Stone, clay, and glass products . |. | 118 123 120 1.16 0.99 1.04 0.98 0.96
Primary metals -...... occ 134 159 159 159 197 2.00 2.01 2.07
Fabricated metal products <2. |.) 148 1.49 1.47 148 1.43 144 1.42 1.42
Industrial machinery and equipment . 179 177 1.84 1:84 238 234 242 242
Electronic and other
electrical equipment .. . 1.52 1.48 146 150], 1.85 1.76 1.85 191
Transportation equipment... .... |. 173 1.78 1.75 176 12.72 12:89 12.68 13.02
Instruments and related products || | | 197 197 1.95 2.00 3.70 3.71 3.64 3.67
Nondurable goods industries 1.09 1.10 1.10 1.10 0.69 0.70 0.71 0.69
Food and Kindred products | 0.84 0.86 0:84 0.84 (X) (x) (X) (X)
Tobacco products. 1.69 2.08 218 2.05 (X) &) (xX) &)
Textile mill products’. USI 152 135 1.56 (NA) (NA) (NA) (NA)
Paper and allied products. | 123 124 1.25 126 (NA) (NA) (NA) (NA)
Chemicals and allied produc 1.23 1.24 1.24 1.23 (&) (Xx) & 129)
Petroleum and coal products 0.79 0.78 0.76 0.76 (xX) (x) (xX) &)
Rubber and plastics products 131 133 131 131 &) () © (ea)

’ 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; chemicais:
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
Jan. Jan. Jan. Jan.
Jan? | 1996- Jan? | 1996- Jan? | 1996- Jan? | 1996-
Jan! | 1992-] Dec. | Jan! | 1992-} Dec.} Jan! | 1992-| Dec, | Jan} 1992-| Dec.
1997 | 1996 |_1996| _1997{ 1996 | 1996 | 1997] 1996 | 1996] 1997] 1996] 1996
All manufacturing industries... . . . e9) 03 0.1 &) 03 0.2 es) 0.1 01 es) 00 0.0
Durable goods industries ...... 0.0 04 04 0.6 03 0.2 0.1 Ol (X) 0.1 01
Stone, clay, and glass products . & 04 (X) 07 06 (X) 06 06 (X) 03 02
Primary metals «1... 2... 0.4 02 . 03 1.0 1.0 0.1 0.5 04 (xX) 02 01
Fabricated metal products : (xX) 03 03 (X) 08 0.5 (&) 0.5 03 (xX) 05 Ol
Industrial machinery and equipment 04 08 0s 0.5 12 06 0.0 02 01 (X) 02 02
Electronic and other

electrical equipment 04 0s 04 17 0.7 07 08 03 03 ) 01 02
Transportation equipment . . of 0.2 08 06 13 12 08 03 01 01 & 02 01
Instruments and related products || | | ie) 08 05 e) 19 09 &) 04 03 &) 02 02
Nondurable goods industries . (X) 03 0.1 (xX) 02 01 (x) 0.6 02 (xX) 0.1 0.1
Food and kindred products . oe (xX) 02 02 (xX) (x) (X) (xX) (X) (X) (X) 01 01
Tobacco products... 2.0.0.2... (Xx) 0.1 01 (X) (X) (Xx) (X) (Xx) (X) (X) 0.0 0.0
Textile mill products... 02.2. &) 06 04 () | ay (NA) (x) | (NA) A) (x) 0.1 02
Paper and allied products . . sae (xX) 01 01 (x) (NA) (NA) (X) (NA) 1A (X) 0.2 02
Chemicals and allied products... . (xX) 04 03 (xX) (xX) (x) (X) (Xx) (X) (X) 04 0.1
Petroleum and coal products... . . (xX) 05 03 (X) (xX) (X) (xX) xX) (X) (X) 01 03
Rubber and plastics products... . (xX) 0.6 03 (xX) (X) (xX) (xX) (x) (X) (X) 02 02

Capital goods industries :
Nondefense ..... . 02 08 04 06 09 05 01 01 01 (x) 01 01
Defense . . . 19 0.7 08 35 46 45 03 0.2 03 (x) 02 02

(X) Not applicable. (NA) Not available.

Note : ‘The five year and the twelve month revisions are the differences between the month-to-month percent changes of the preliminary and final estimates. The
monthly averages are the Simple averages of the absolute values of the differences for the months specified. The advance to final percent change revisions for the
durable goods industries are shown in the advance report for the month.

' The current month revisions are the difference between the advance percent change and the percent change as shown in this publication.
? Average for this month for the last five years.
See note at end of table 2 relating to survey variability,



CURRENT INDUSTRIAL REPORTS

re.
Vey

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

Manufacturers’ Shipments,
Inventories, and Orders

January 1997
1-(97)-01
For Wire Transmissions 10:00 a.m. E.S.T. March 6, 1997

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

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

Summary

New orders for manufactured goods in January increased $7.8 billion
or 2.5 percent to $323.2 billion, the Department of Commerce, Bureau of the
Census reported today. This follows a 1.5 percent December decrease and
is the first increase since October. Excluding transportation, new orders
increased 2.5 percent, following a 1.6 percent December decrease. This is
also the first increase’ since October.

Shipments, up six of the last seven months, increased $3.4 billion or
1.1 percent to $318.7 billion, following a 0.7 percent December decrease.

Unfilled orders, up for the fifth consecutive month, increased $4.5
ion or 0.9 percent to $518.9 billion, following a $0.1 billion December
increase, The unfilled ordes-o-shipments ratio was 2.96, up from 2.95 in
December.

Inventories, up six of the last seven months, increased $0.2 billion or
0.1 percent to $438.1 billion, following a 0.3 percent December decrease.
The inventories-to-shipments ratio was 1.37, down from 1.39 in December.

New Orders

‘New orders for manufactured durable goods in January increased $6.8
billion or 4.0 percent to $175.7 billion, revised from the previously published
3.6 percent increase. This follows a 1.7 percent December decrease and is
the Fist increase since October.

Electronic and other electrical equipment had the largest increase,
$4.0 billion or 16.6 percent to $28.1 billion, mostly due to communication
equipment and electronic components. This follows decreases of 13.8
percent in December and 10.3 percent in November. Transportation
equipment, up two of the last three months, increased $1.0 billion or 2.5
percent to $42.7 billion, as increases in motor vehicles and parts and aircraft
and parts more than offset decreases in shipbuilding and tanks and railroad
equipment. This follows a 0.6 percent December decline. Primary metals,
up for the third consecutive month, increased $0.8 billion or 5.2 percent to
$15.9 billion, following a 4.4 percent December increase. Industrial
machinery and equipment, up for the second consecutive month, increased
$0.5 billion or 1.6 percent to $32.7 billion. This follows a 2.1 percent
December increase. Fabricated metal products, up two of the last three
months, increased $0.4 billion or 2.3 percent to $18.0 billion, following a 3.0
percent December decrease.

New orders for nondurable goods, up four of the last five months,
increased $1.0 billion or 0.7 percent to $147.5 billion, following a 1.2
percent December decline. Food and kindred products, chemicals and allied
products, and rubber and plastic products had the largest increases.

Shipments

Shipments of durable goods in January, up two of the last three
months, increased $2.0 billion or 1.2 percent to $170.8 billion, unrevised
from the previously published 1.2 percent increase. This follows a 0.8
percent December decrease.

Transportation equipment, up two of the last three months, had the
largest increase, $1.6 billion or 4.3 percent to $40.0 billion, due to motor
vehicles and parts. This follows a 1.9 percent December decrease. Primary
metals, up for the fourth consecutive month, increased $0.4 billion or 2.6

percent to $15.6 billion, following a 0.4 percent December increase. Stone,
slay, and glass products, up forthe fist month since October, increased $0.4
billion or 5.6 percent to $7.2 billion, following a 2.2 percent December
decrease. Fabricated metal products, up two of the last three months,
increased $0.2 billion or 1.4 percent to $17.8 billion, following a'l.4 percent
December decrease. Electronic and other electrical equipment decreased
$0.8 billion or 2.8 percent to $27.0 billion, the second consecutive monthly
decrease. Industrial machinery and equipment, down three of the last four
months, decreased $0.2 billion or 0.6 percent to $32.4 billion, following a
2.2 percent December increase. Shipments of nondurable goods, up four of
the last five months, increased $1.4 billion or 0.9 percent fo $147.9 billion.
This follows a 0.6 percent December decline. Food and kindred products
had the largest increase, $0.7 billion or 1.8 percent to $39.4 billion. This
follows a 2.5 percent December decline and is the third increase in the last
four months.

Unfilled Orders

Unfilled orders for durable goods in January increased $4.9 billion or 1.0

rcent to $493.8 billion, revised from the previously published 0.8 percent
increase. This follows a $0.2 billion December increase and is the eighth
increase in the last nine months.

Transportation equipment, up eight of the last nine months, increased $2.7
billion or 1.1 percent to $255.4 billion, mostly due to aircraft and parts.
Electronic and other electrical equipment, up for the first month since
October, increased $1.2 billion or 2.4 percent to $50.0 billion, following a
6.9 percent December decrease. Instruments and related products increased
$0.4 billion or 1.0 percent to $47.5 billion. This follows a 1.0 percent
December increase and is the third consecutive monthly increase. Industrial
machinery and equipment, up for the first month since August, increased
$0.4 billion or 0.5 percent to $72.4 billion. This follows a 0.5 percent
December decline. Primary metals, up for the first month since August,
increased $0.3 billion or 1.1 percent to $30.6 billion, following a 0.2 percent
December decrease.

Inventories

Inventories of durable goods in January, up six of the last seven months,
increased $1.1 billion or 0.4 percent to $277.5 billion. This follows a 0.5
percent December decline. Transportation equipment, up eight of the last
nine months, increased $1.0 billion or 1.5 percent to $69.2 billion. This
follows a 0.3 percent December decrease, Instruments and related products,
up six of the last seven months, increased $0.3 billion or 1.0 percent to
$25.3 billion, following a 0.4 percent December increase. Electronic and
other electrical equipment, down for the second consecutive month,
decreased $0.3 billion or 0.7 percent to $40.9 billion, following a 1.1 percent
December decrease. Primary metals, down for the first month since October,
decreased $0.3 billion or 1.1 percent to $23.9 billion.

Inventories of nondurable goods, down for the first month since July,
decreased $0.9 billion or 0.5 percent to $160.6 billion, following a slight
December increase, Tobacco products had the largest decrease, $0.8 billion
or 13.4 percent to $5.2 billion.

By stage of fabrication, January finished goods increased 1.0 percent in
durables and decreased 0.3 percent in nondurables. Work in progress
increased 0.1 percent in durables and 0.1 percent in nondurables. Materials
and supplies increased 0.3 percent in durables and declined 1.1 percent in
nondurables.

(See Back Page for 1997 Release Dates)
Our internet address is http://www.census.gov/ftp/pub/indicator/www/m3prel.html

The advance report on durable goods for February is scheduled for March 26, 1997 at 8:30 a.m. and the full report on April 2, 1997 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 1

New Orders and Shipments

Three Month Moving Averages
Billions of Dollars

52F-------------+-----------------------

New Orders |~] 52

‘Shipments

a 1 L L L L L L L 1 1. i
Jan Mar May — Jul Sep Nov Jan Mar May = Jul Sep Nov Jan
Jan. 1995 - Jan. 1997

Defense Capital Goods

New Orders and Shipments

Three Month Moving Averages
Billions of Dollars
10

9 New Orders

Shipments

Jan Mar May Jul Sep Nov Jan Mar May Jul Sep Nov Jan
Jan. 1995 - Jan. 1997

Note: All Charts based on seasonally
adjusted current dollars.


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

(Millions of dollars)

INDUSTRY GROUP

Seasonally adjusted

Not seasonally adjusted

Industry Monthly Percent Change Monthly Percent
change
Jan. Dec. Nov. Dec.- Nov.- Oct. Jan. Dec. Nov. Jan. Jan.
1997" 1996" 1996 Jan. Dec. Noy, 1997" 1996" 1996 1996 97196
MATERIALS AND SUPPLIES
All manufacturing industries 141,824 } 142,253 | 142,808 03 04 -0.2 | 142,665 | 142,322 | 143,081 147,162 3
Durable goods industries . 82,320 | 82,107 | 82,494 +03 0.5 -0.1 | 83,044 | 82,067 | 83,170 | 84,821 24
Stone, clay, ar and glass Products 80: "801 "827 +01 09 | +01 2/805, 2792 2/822 2785 40.7
Primary metals... . 7,828 7,799 7,806 +04 0.1 +0.4 7,969 8,064 7,977 7,655 +41
Fabricated metal products we . 9,807 9,752 9,751 40.6 0.0 0.3 9,892 9,924 9,679 9,600 +3.0
Industrial machinery and equipment 16,629 16,670 16,907 02 4 03 16,635 16,303 17,141 18,194 8.6
Electronic and other
electrical equipment ........ 14,027 | 14,295 | 14,458 -19 “ll +03 | 14,019 | 14,094 | 14,365 | 15,170 76
Transportation equipment .. . . 12,855 12,526 12,561 42.6 03 -0.9 12,963 12,432 12,723 12,731 +18
Instruments and related products . 7,884 845 7,649 +05 42.6 “1S 7,897 7,746 7,598 7,495 +54
Lumber, furniture and
miscellaneous durable goods . . . . 10,487 10,419 10,535 +0.7 “Ld +14 10,864 10,712 10,865 11,191 29
Nondurable goods industries 59,504 60,146 60,314 Ld 03 04 59,621 60,255 59,911 62,341 44
Food and kindred products | 11,446 | 11501 | 11,566 -05 -0.6 -04 | 11,718 | 11726 | 11/903 | 11/932 -18
Tobacco products ... 4,091 779 4,732 -14.4 +1.0 0.6 297, 5,133 4,502 4,992 “139
Textile mill products . vee 3,104 3,069 3,049 +11 +0.7 40.7 3,115 3,028 2,990 3,008 43.6
Paper and allied products... . 7785 7762 7746 0.1 +02 04 7729 7797 TS 8480 89
Chemicals and allied products 13,069 13,080 13,082 0.1 0.0 0.0 13,013 13,036 13,026 12,813 +16
Petroleum and coal products 4,423 4,345 4319 +18 +0.6 “15 4,237 4,178 4,223 4,045 +47
Rubber and plastics products . 5,960 5,923 5,894 +0.6 +0.5 06 5,969 5,951 5,833 5,864 +18
Apparel, printing and publishing
and leather goods ......... 9,656 9,687 9,926 03 24 0.6 9,543 9,406 9,699 11,207 148
WORK IN PROCESS
All manufacturing industries 146,829 | 146,669 | 147,288 04 +0.7 | 145,621 141,985 | 148,552 | 140,754 +35
Durable goods industries ...... 120,615 | 120,476 | 121,045 0.5 +0.7 | 119,448 | 116,501 121,834 } 114,862 +4.0
Stone, clay, and glass products 1274 1261 1.266 04 | +19 1239 1,166 1168 1193 43.9
Primary metals ~...... . 8.937 9.116 8,985 +15 +02 8,883 9033, 8813 8,941 -06
Fabricated metal products ‘ . 7,238 7,148 7,172 03 +03 7,184 6,995 7,127 7,489 Al
Industrial machinery and ‘equipment 23,740 23,941 24,032 04 +15 23,440 22,673 24,340 23,545 04
Electronic and other
electrical equipment . . . 15,095 15,327 15,651 2.1 +0.7 14,996 14,805 15,629 14,901 +0.6
Transportation equipment .. . . 48,423 47937 48,213 0.6 +13 48,151 46,707 49,029 43,824 49.9
Instruments and related products | 11,422 11,273 11,264 +0.1 10 11,098 10,793 11,369 10,323 475
Lumber, furniture and
miscellaneous durable goods . 4,486 4,473 4,462 +02 4,457 4,329 4359 4,646 4,1
Nondurable goods industries 26,214 26,193 26,243 0.2 26,173 25,484 26,718 25,892 +11
Food and kindred products 4,566 4,540 680 3.0 4,775 4,788 5,110 4,662 +24
Tobacco products 250 418 334 +251 268 446 495 295 92
Textile mill products 2,655 2,694 2,693 0.0 2,660 2,572 2,668 2,870 73
Paper and allied produc 1775 1.795 1.774 +12 1.782 1773 17S 1,800 -10
Chemicals and allied products 6,782 6,774 6,585 42.9 6,739 6,636 6,550 6,660, +12
Petroleum and coal products 2,697 2,628 2,583 +17 2,640 2,459 2,588 2,414 +94
Rubber and plastics products: . 2049 "042 2067 -12 2095 2027 2112 2,092 +01
Apparel, printing an publishing
and leather goods.............. 5,440 5,302 5,527 Al 5,214 4,783 5,480 5,099 423
FINISHED GOODS
All manufacturing industries 149,495 | 149,000 | 149,275 +03 0.2 +0.4 | 148,384 | 143,886 | 147,869 | 145,326 42.1
Durable goods industries ...... 74,592 73,856 74,378 +10 0.7 03 74,083 70,738 73,563 72,034 +28
Stone, clay, and glass products 4,431 4370 4300 +14] +16 +14 4,438 4,24. 4121 "420 +04
Primary metals . 7,12: 7,245 7,212 -17 +05 42.2 7,129 7,099 7,053 7,123 40.1
Fabricated metal products 9,314 9,296 9,235 +02 +0.7 +04 9,161 8,789 8,891 8,974 +21
Industrial machinery and e 17,398 17,024 17,740 42.2 4.0 16 17,665 16,581 17,807 17,408 +15
Electronic and other
electrical equipment . . 11,750 11,531 11,492 +19 +03 +15 Uy 333 10,827 11,407 10,894 +5.9
Transportation equipment 77940 T12 7,629 430} +11 37 7,088 7743 7515 43.7
Instruments and related products | 5,982 5,918 6,018 +11 17 13 R 780 5,737 6,134 5,746 01
Lumber, furniture and
miscellaneous durable goods 10,655 10,760 10,752 1.0 +0.1 +04 10,626 10,374 10,407 9,954 +68
Nondurable goods industries . 74,903 75,144 74,897 03 +03 +10 74,301 73,148 74,306 73,292 +14
Food and kindred products 17,123 17,244 17,245 0.7 0.0 +12 17,033 17,063 17,990 16,830 +12
Tobacco products . . 888 839 1,006 +58 16.6 +168 999 885 1,159 808 +23.6
Textile mill products . . 4321 4,306 4,346 +03 -0.9 +04 4,281 4,020 4,209 4,359 18
Paper and allied products . 6,834 6,921 7,017 -13 “14 0.9 6,853 6,703 6,852 7,322 6.4
Chemicals and allied products 19,854 19,965 19,794 -0.6 +0.9 +0.9 19,849 19,857 19,432 19,133 43.7
Petroleum and coal products 965 $,937 5,781 +0.5 42.7 42.8 785 5,614 5,856 5,167 +12.0
Rubber and plastics products . . . 7,735 699 7,617 +0.5 +11 +0.7 7,809 7,550 7,339 7,385 +57
Apparel, printing and publishing
and leather goods . . . . 12,183 12,233 12,091 04 +12 +0.5 11,692 11,456 11,469 12,288 49
’ Preliminary. ‘ Revised.
Sce 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
Jan. Dec. Nov.} Dec] Nov] Oct- Jan. Dec. Nov. Jan.| Jan,
197° 1996 1996] Jan.| —Dec.]Nov.} 1997" 1996" 1996 1996} 97/96
All manufacturing industries 518,910} 514,398] 514,261] — +0.9 0.0]  +0.5] 520,098] 508,763] 508,490] 489,395] +63
Manufacturing industries
without defense capital goods .. . 408,230] 404,100] 405,886] — +1.0 04 0.0] 409,303] 398,425] 402,379] 384,254] +6.5
Durable goods industries . 493,817] 488,914] 488,747] +1.0 0.0] +04] 495,806] 484,415] 484,131] 465,893] +64
Stone, clay, and glass products .. . .. 6,788| 6,763] 6517] +04] +38] +04] 6,654] 6,504] 6,206] 6,881 33
Primary metals... . : 30,610} 30,265] 30,311] +11 02]  -20] 31,005] 29,215] 28,490] 29,690} +4.4
Blast furnaces, steel mills. | 12,390{ 12,434) 12,498] -04) = -0.5] 2.2] 12,588] 11,751] 11661] 12,615} 0.2
Iron and steel foundries. . 4483, 4430] 4,281) +12] 435] 421] 4501] = 4.322] 4108] = 3,810] +181
Nonferrous and other primary
metals... . ve ~ 13,737] 13,401} 13,532] +25] 1.0] 3.1] 13,916] 13,142] 12,721] 13,265 +49
Fabricated metal products 23,843] 23,664] 23,641] +0.8] = +0.1] = +1.4] 23,772] 23,383] 23,136] 21,498] +106
Industrial machinery and equipment. | 72'409| 72,037 72384 +05] -05]  -0.5) 73401) 71971] 73,191] 72,395] +14
Engines and turbines .......... 11,304] 11,307] 11,301 00] +01] +13] 11,663} 11,813] 11,882] 11,453] 41.8
Construction, mining and
material handling equipment . . 9,287 9,168 9,041 +13 +14 0.0 9,510 8,954 8,860 8,944 +63
Metalworking machinery : 8,675] 8,513] 8.883] 419] 4.2] 3.2] 8675] 8513] 8.883] 8.649] +03
Computer and office equipment . 10,353} 10,374] 10,063] 0.2] = +3.1 07} 9929} 10,123] 10,591 9558] $3.9
Electronic and other
electrical equipment ......... 49,976] 48,811] 52,434] 424] = 6.9] 0.7] 50,887] 47,201] 52,385] 51,333] -0.9
Electrical transmission and
distribution equipment and
industrial apparatus ........... 6467] 6,445] 6,422] +03] = +04] «= 41.8] = 6,526] 6,284] 6,403] 6,064 +76
Electric lighting and
wiring equipment ......... 4601] 4,469] 4332] 43.0] 43:2] 14] 4,601] 4,469] 4,332] 4,044] 413.8
Communications equipment . 13,572] 13329] 15,418] #18] -13.5] -0.2] 13,530) 13,320] 15,393] 14,982] -9.7
Electronic components . 20,908] 20,394] 22,186] +25] -8.1 -19| 21556] 19,260] 22,257] 21,916] -1.6
‘Transportation equipment . . 255,372 | 252,659} 249,332 +11 +13 +11} 255,377] 252,066] 247,239] 228,861} +116
Aircraft, missiles,
space vehicles, and parts. . 224,069] 221,440] 219,552 +12 +0.9 +11] 223,978] 221,112] 217,731] 197,451] +134
Shipbuilding and tanks . . 18,034] 18,069] 16,869 0.2 47.1 43.0] 17,952] 17,914] 16,810] 17,942 +0.1
Instruments and related products .... | 47,492] 47,042] 46,583] +1.0} +10] +03] 47,885] 47,374] 46,325] 48,314] -0.9
Search and navigation equipment 28,126] 28,215} 28,094] -03| +04] +05] 28374] 28,592} 27,676] 29,657} -43
Measuring and controlling devices . 10,376] 10,128] 9,631] #24) +52] -04] 10,376] 10,128} 9,631} 10,351} = +0.2
Medical instruments and supplies = 7,908 7,612 7,874 43.9 33 +04 8,098 7,611 8,091 7,616 +63
All other durable goods ..... 7327) 7,673 7.545] 45] 417] 3. 6,825| 6,701 7,139] 6,921 “14
Nondurable goods industries . . 25,093 | 25,484] 25,514 “15 0.1 43.9] 24,292] 24,348] 24,359] 23,502 43.4

» 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

Jan. Dec. Nov. | Dec.- | Nov.-} Oct. Jan. Dec. Nov. Jan. Jan.
1997" 1996" 1996] Jan.| Dec.] Nov.| 1997" 1996" 1996 1996 | 97/96 1997" 1996

All manufacturing industries .. . . . | 323,200] 315,415] 320,244] +2.5] -1.5] —_-0.5] 300,031] 311,762] 319,916] 284,983]  +5.3} 300,031] 284,983

Manufacturing industries
with unfilled orders ............} 179,526] 174,575] 177,500] +2.8|
without defense capital goods .. . . . | 316,770} 307,360] 311,479} +3.1

-0.7| 166,757] 179,809] 177,735} 162,409 +2.7| 166,757] 162,409
=1.6] 294,583] 300,115} 311,228] 277,978} +6.0} 294,583] 277,978

Durable goods industries... .
With unfilled orders...
Stone, clay, and glass products
Primary metals... ...
Blast furnaces, steel mills

175,666} 168,886] 171,888} +4.0] -1.7] — -1.7] 163,190] 170,716} 171,585} 155,694) +48] 163,190} 155,694
143,613} 138,348] 140,481] +3.8 1.5] -1.7] 133,548] 144,316} 140,046) 128,879) +3.6] 133,548] 128,879
7,258] 7,095) 7,032] +2.3] +0. 0.5] 6,410] 6,205] 6,938) 5,876] +91 6,410 5,876
15,897) 15,114) 14,479} +5.2] +4.4) +1 16,637] 14,729) 14,126) 15,516} +72 16,637} 15,516
6,380) 6,213 5,858) 42.7) +6.1] -2.71 7,081 5,815) 5,634] 6,863) 43.2 7,081 6,863

Iron and steel foundries ........ 1,485) 1,527 1,482 -2.8)  +3.0) +168) 1,532) 1,336) 1,398) 1472] +41 1,532 1,472
Nonferrous and other primary
metals... ..

cee 8,032} 7,374) 7,139) +89) +3.3) +14) 8,024) 7,578] 7,094) 7AB1) +117 8,024 7,181

Fabricated metal products 17,952] 17,554] 18,102] 42.3] -3.0]  +0.41 16,790] 16,417] 17,702] 15,648] 47.3] 16,790] 15,648

Industrial machinery and equip 32,723) 32,212) 31,543] +1.6] +2.1]  -0.9] 28,789] 34,500] 31,188] 27,580] +44] 28,789] 27,580
Engines and turbines ........ V7} 1715] 841f 0.2) 6.8) -2.3) 1.211] 2389) 1.970) 1.439) 15.8] 2m] 1,439
Construction, mining and
material handling equipment . . 3,801] 3,827] 3,680) 0.7] +4.0| +11.6] 3,896] 3,753] 3,515] 3,429] +13.6] 3,896] 3,429
Metalworking machinery... . . 3,527] 2,946) 3,049) +19.7]  -3.4| -5.6f 2,861] 3,124 3,383] 2,553] +121] 2.861] 2,553
Computer and office equipment ...] 9,158] 9,475] 8,583] -3.3] +104} -3.0) 6,663] 11,908] 8,488] 5,552] +20.0] 6,663) 5,552

Electronic and other
electrical equipment... .. - +. | 28,139] 24,134] 28,012) +16.6] -13.8] -10.3] 26,951] 25,636] 28,320] 24,869] +8.4] + 26,951] 24,869

Electrical transmission and
distribution equipment and
industrial apparatus ....... --| 3,190} 3,072] 3,487] +3.8] -11.9] +6.7] 3,021] 2,849] 3,376] 2,668) +13.2 3,021 2,668
Electric lighting and

wiring equipment ........
Communications equipment
Electronic components. .

2,188) 2,213 2,023) -1.1] +9.4)  -3.6, 1,966} = .2,290)—-2,134| 1,881 +45 1,966 1,881
6,124) 4,323 6,601) +41.7| -34.5] -12.8) 4,682 7,133] 6,719} 4,796 24 4,682 4,796
10,889} 9,121} 10,600] +19.4) -14.0] -18.4) 11,872] 8,347} 10,213) 10,624) +11.7 11,872] 10,624

Transportation equipment . . .. . -+-| 42,691] 41,667] 41,933] +25] -0.6] +08] 39,562] 42,518] 42,660] 40,349] 2.0] 39,562] 40,349
Aircraft, missiles,
space vehicles, and parts. .....| 11,834] 11,161] 11,622] +6.0 -4.6| 9,965] 15,524] 11,554] 12,150] -18.0} 9,965] 12,150
Shipbuilding and tanks ........ 710) 2,102) 1,281] -66.2' +288.2| 628) -2,261| 1,146] 1,663] -62.2 628] 1,663
Instruments and related products .... | 13,279] 13,144] 12,955} +1.0 +4.1) 12,006] 14,699) 13,001] 11,039) +8.8] 12,006} 11,039
Search and navigation equipment 2,506] 2,678] 2,723] -6.4| +92] 2,084] 3,698] 2.727] 2.069] +0.7] 2,084] 2,069
Measuring and controlling devices .] 4,076] 4,299} 3,823] -5.2 2.3} 3,743) 4,608} 3,817] 3,571] +4.8 3,743] 3,571
Medical instruments and supplies .| 4,440] 3,852] 4,133] +153 +92} 4,246] 4,017] 4,109} 3,547) +19.7] 4,246} 3,547
All other durable goods ..........] 17,727} 17,966) 17,832) -1.3 -3.0} 16,045] 16,012] 17,650] 14,817] +8.3] 16,045) 14,817

Nondurable goods industries .

147,534] 146,529] 148,356] +0.7] 1.2) +0.9] 136,841) 141,046] 148,331] 129,289) +5.8) 136,841] 129,289
With unfilled orders... .

35,913} 36,227) 37,019) -0.9) -2.A] +3.1] 33,209] 35,493] 37,689] 33,530) 1.0] 33,209] 33,530

® 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 doll
increase from the prior month to the current month.

Note: Estimates of manufacturers’ shipments, inventories and orders afe subject to survey error and revision, One major component of survey error is nonsampling er
which includes errors of coverage, response, and nonreporting. Since the survey panel is not a probability sample, estimates of sampling error cannot be calculated. Furth
details on survey design, methodology, and data limitations are contained in our most recent annual benchmark publication, Current Industrial Reports: M3-1(9!
"Manufacturers’ Shipments, Inventories, and Orders: 1982-1995."


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

FOR INDUSTRY GROUPS

Seasonally adjusted

Not seasonally adjusted’

Monthly Percent Change Monthly Percent | Year to date
Industry change
Jan.| Dec.| Nov. Dec.- | Nov] Oct-] Jan. | Dec. ] Nov. } Jan, } Jan.
1997°| 1996] 1996] Jan. | Dec.} Nov.] 19977] 1996} 1996] 1996] 97/96 | 19977 | 19%
All manufacturing industries... . 318,688] 315,278] 317,548] +1.1] -0.7]_ +0.6] 288,696] 311,489] 319,036] 270,063] +6.9] 288,696} 270,
Manufacturing Industries
with unfilled orders ..........[ 175,014} 174,438] 174,804] +0.3] 0.2] +1.4} 155,422] 179,536] 176,855] 147,489] +5.4) 155,422] 147
without defense capital goods 312,640] 309,146] 311,353] +1.1] -0.7]  +0.5] 283,705] 304,069] 312,614] 265,088]  +7.0] 283,705] 265,(
Durable goods industries ........ . 170,763} 168,719] 170,144] +12] -0.8]  +0.8} 151,799] 170,432] 171,293] 141,516] +7.3) 151,799} 141,
With unfilled orders... . 138.710} 138,181] 138,737] +04] -0.4)  +1.4] 122,157] 144,032] 139,754] 114,701] +65] 122,157] 114,
Stone, cay, and glass products 7.233] 6,849] 7,004) +56] -2.2)  -2.1] 6,260] 5,907] 7,049] 5,757/ +8.7) 6,260] 5,
Primary metals 15/552) 15,160] 15,096] +2.6f +0.4] +08) 14,847] 14,004] 14,922] 14,101] +53] 14,847) 14,1
Blast furnaces, steel 6.424] 6.277] 6,136] +23] +23) -0.6 6,244] 5,725] 5.979] 5,926] 45.4) 6,244) 5,6
Iron and steel foundries 1432] 1378] 1,393 43.9] <i] -16) 1,393) 1,122] 1,378] 1,232] $9.8] 1,353] 1,
Nonferrous and other primary
metals... 20.2.2... 7,696| 7,505| 7,567] +2.5| -0.8} +2.5| 7,250] 7,157] 7,565] 6,943] +4.4) 7,250] 6
Fabricated metal products -| 17,773) 17531) 17,785] +14] 1.4] 40.6 16,401] 16,170] 17,738] 15,471] +6.0] 16,401] 15,¢
Industrial machinery and equipment . | 32:351| 32,559] 31,8721 -0.6| +22] -0.2} 27.359] 35,720} 30,708] 25,749) +6.3) 27,359] 25,7
Engines and turbines ..| i714} 1709] 1695] +03] +08] +08] 1361] 2458] eat} 1421] 42) 1,361) 1
Farm and garden machinery. . . 138s] 1,788] 1,925] +56] -7.1] 0.0] 1,699] 1,358] 1,610] 1,628] +4.4] 1,699] 1
Construction, mining and
material handling equipment 3,682| 3,700] 3,682] -0.5 +05] -0.2} 3,340] 3,659] 3,509] 3,168] 45.4] 3,340] 3,1
Metalworking machinery 3365] 3316] 3,341] +15] -0.7) +2.7) 2,699] 3,494] 3,675] 2,371) +138] 2,699] 2
Computer and office equipment 9179] 9,164] 8,658] +02) +581 -0.11 6,857] 12,376] 8.416] 5,770] +188] 6,857} 5,
Electronic and other
electrical equipment . 26,974] 27,757| 28,407] -2.8|  -2.3] +2.9] 23,265] 30,820] 29,469} 22,521] +3.3] 23,265] 22,
Electrical transmission and
distribution equipment and
industrial apparatus... . 3,168] 3,049} 3,375] +39] -9.7] +44] 2,779] 2,968) 3,281] 2,665] +43) 2,779) -2.¢
Household appliances ......... 2/008} 2.060] 2,055] -25] +02] +02) 1,659] 1,946] 1,992] 1,681] -1.3} 1,639}
Electric lighting and
wiring equipment . . . 2,056] 2,076] 2,086] 1.0 -0.5| +2.) 1,834] 2,153] 2,197] 1,767] 43.8] 1,834) 1
Household audio and
video equi 1,299} 1,321] 1,267] -1.7 -0.7} 1,038] 1,260} 1,589] 914] +13.6) 1,038 ‘
Comm 5,881] 6.412] 6,631] -8.3 +62] 4,472) 9,206] 6,808] 4,318) +36] 4,472) 4c
Electronic components 10,375| 10,913] 11,040] -4.9 422) 9,576 11344] 11:287| 9,499 +0.8] 9,576] 9
Transportation equipment . 39,978] 38,340] 39,102] +4.3] +09) 36,251] 37,691] 40,044] 32,649] +11.0) 36,251] 32
Motor vehicles and parts . 28,376| 26.118] 27,148) +8.6 -1.2} 27,128|  22,578| 28,109} 24,574] +104) 27,128) 24,:
Aircraft, missiles,
space vehicles, and parts. 92081 9273] 9,151] -0.7] +13] +69} 7,099] 12,143) 9,216) 5,753] 423.4] 7,099] 5,
Shipbuilding and tanks ...... 745] ‘902| 785] -17.4] +149) +62) 590) 1,157] 739) 708) -16.7 5390 "
Instruments and related products .... | 12,829] 12,685] 12,805 +1.1] -0.9} +12) 11,495] 13,650] 13,017] 10,874) +57) 11,495] 10,1
Search and navigation equipment 2'595] 2:557] 2:594) +15] -14| +2.81 2302) 2,782] 2,710] 2,205] +44] 2,302] 2
Measuring and controlling devices .| 3,828] 3,802] 3,862] +0.7| 1.6 +0.9] 3,495] 4,111] 3,856] 3,324) 45.1] 3,495) 3,-
Medical instruments and supplies aia] 4114] 43102 40.7] +03) +0.64 3,759] 4497] 4,060] 3,432] +95] 3,759) 3y
Photographic goods .. . 1307} 1,788] 1.826) +1.1] 2.1] +06] 1,518] 1,859] 1,969] 1,596] -4.9} 1,518] 1:
All other durable goods 18/073] 17-838] 18,073] +13) -13) 0.0 15,921] 16,470) 18,346] 14,394] +106} 15,921] 14,
Nondurable goods industries . 147,925] 146,359] 147,404] +0.9] +0.5] 136,897] 141,057] 147,743] 128,547] +6.5] 136,897] 128,
With unfilled orders... . 36,304) 36,257] 36,067] +0.1 +13) 33,265| 35.504] 37,101] 32,788] +1.5] 33,265] 32,
Food and Kindred products . . 39,401] 38,695] 39,668] +1.8 +0.4) 36341] 38,519] 40,506] 35,332) +29] 36,341] 35,
Meat products . : 8,803] 8,945] 9,219] -1.6] +13) 8116{ 8,901] 9311] 8.216] = -12] 8,116] 8,
Dairy products 5,072| 4.987] 5,053} +1.7/ +03} 4869} 4,854] 5.266] 4,541] +72] 4,869] 4,
Beverages . . . 5,677| 5,722] 5.914) -08 43.6) 4,735] 5,350] 5,655] 4.751] -03} 4,735) 4,
Alll other foods, except fats and oils | 17,796 16,850] 17317) +5.6 -14] 16,568) 17,223] 18,111] 15,884) +43) 16,568] 15,
Tobacco products . or 3,090] 2,895] 2.785) +6.7| -3.6| 2,957} 2.907] 2,868] 2.434) +215] 2,957) 2,
Textile mill products... 6.6591 6,636] 6,505] +0.3 +11] 5,684] 6071] 6,599] 5.274] +78] 5.684) 5,
Broadwoven fabrics and
other textiles... 4022{ 4,030] 3,953] -0.2| +19} +10) 3,523] 3,832 3,885] 3,373] #44] 3,523] 3,
Paper and allied products . . 13339 13.272 13,230] +05] +03] -0.2) 12,783) 12,783] 13,104) 13,217} -3.3] 12,783) 13,
Pulp, paper, and
paperboard mill products ......) 5,215] 5,228] 51911 -0.2] +07} -2.1) 4,991] 5,144] 5,168] 5,562] +103} 4.991] 5,
Paperboard containers and boxes . 3480] 3,477] 3,443) 40.1] +1.0, +0.9] 3,320] 3,186] 3,353] 3,340] 0.6] 3,320] 3,
Miscellaneous converted
paper products ........ 4644] 4,567] 4,596) +17] 0.6 +13) 4,472) 4,453 4,583 4,315] #36) 4.472] 4,
Chemicals and allied products 32.230 32,005] 31,811] +07] +0. -0.7! 30,84] 30,825] 30,433) 28,613] +7.8] 30,845) 28,
Industrial chemicals ; 15,796] 15812| 15,597] -0.1] +14, +03] 15,085] 14,841] 15,035] 14,356] $5.1] 15,085) 14,
Drugs, soaps, and toiletries . 12354] 12:075| 11,955| +23] +10) -1.5] 12,169] 12,648] 11,892] 10,752] +132] 12,169) 10,
Petroleum and coal products . . 16579} 16611] 16655] -02] -0.3] +0.1] 15,213) 16.103] 16,540) 12,331] +234] 15,213) 12,
Rubber and plastics products. 11,982) 11.774] 11.910] +18] -1.1] +07] 11,140] 10,466] 11,461] 10,564] +55} 11,140] 10,
All other nondurable goods 24,643) 24°671| 24,840] 0.1] -0.7| +3.2) 21.934] 23,383) 26,232) 20,782] +55] 21,934] 20,

* Preliminary. * Revised.

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