FOR IMMEDIATE RELEASE 

TUESDAY, JULY 3, 2007, AT 10:00 A.M. EDT 

Chris Savage or Jessica Young 

Manufacturing and Construction Division 

(301) 763-4832 

M3-2 (07)-5 

CB07-097 

Full Report on Manufacturers’ Shipments, Inventories and Orders 

May 2007 

Summary

 New orders for manufactured goods in May, down 

following three consecutive monthly increases, 

decreased $2.1 billion or 0.5 percent to $416.9 billion, 

the U.S. Census Bureau reported today. This followed a 

0.5 percent April increase. 

 Shipments, up three consecutive months, increased 

$4.3 billion or 1.0 percent to $417.8 billion. This 

followed a 1.0 percent April increase. 

 Unfilled orders, up twenty-four of the last twenty-five 

months, increased $6.3 billion or 0.9 percent to $725.7 

billion. This was at the highest level since the series was 

first stated on a NAICS basis in 1992 and followed a 1.9 

percent April increase. The unfilled orders-to-shipments 

ratio was 4.86, up from 4.85 in April. 

 Inventories, up fourteen of the last fifteen months, 

increased $1.7 billion or 0.3 percent to $515.0 billion. 

This was at the highest level since the series began and 

followed a 0.4 percent April increase. The inventoriesto-shipments ratio was 1.23, down from 1.24 in April. 

New Orders 

 New orders for manufactured durable goods in May, 

down following three consecutive monthly increases, 

decreased $5.3 billion or 2.4 percent to $213.7 billion, 

revised from the previously published 2.8 percent 

decrease. This followed a 1.0 percent April increase. 

 Transportation equipment, down two consecutive 

months, had the largest decrease, $4.6 billion or 6.9 

percent to $62.4 billion. 

 New orders for manufactured nondurable goods 

increased $3.2 billion or 1.6 percent to $203.2 billion. 

Shipments 

 Shipments of manufactured durable goods in May, up 

three consecutive months, increased $1.1 billion or 0.5 

percent to $214.6 billion, revised from the previously 

published 0.4 percent increase. This followed a 2.0 

percent April increase. 

 

 

 Transportation equipment, up two of the last three 

months, had the largest increase, $1.2 billion or 2.0 

percent to $57.4 billion. 

 

 Shipments of manufactured nondurable goods, up 

three of the last four months, increased $3.2 billion or 

1.6 percent to $203.2 billion. This was due to petroleum 

and coal products, which increased $2.2 billion or 5.4 

percent to $43.5 billion. 

 

Unfilled Orders 

 Unfilled orders for manufactured durable goods in 

May, up twenty-four of the last twenty-five months, 

increased $6.3 billion or 0.9 percent to $725.7 billion, 

revised from the previously published 0.8 percent 

increase. This was at the highest level since the series 

began and followed a 1.9 percent April increase. 

 

 Transportation equipment, up sixteen consecutive 

months, had the largest increase, $4.9 billion or 1.2 

percent to $410.2 billion. 

Inventories 

 Inventories of manufactured durable goods in May, up 

fifteen consecutive months, increased $0.4 billion or 0.1 

percent to $312.8 billion, revised from the previously 

published 0.2 percent increase. This was at the highest 

level since the series began and followed a 0.4 percent 

April increase. 

 

 Transportation equipment, up eight of the last nine 

months, had the largest increase, $0.4 billion or 0.6 

percent to $77.4 billion. 

 Inventories of manufactured nondurable goods, up 

three consecutive months, increased $1.3 billion or 0.7 

percent to $202.2 billion. This was led by chemical 

products, which increased $0.5 billion or 0.7 percent to 

$62.7 billion. 

 By stage of fabrication, May materials and supplies 

increased 0.1 percent in durable goods and 0.4 percent in 

nondurable goods. Work in process increased 0.5 

percent in durable goods and 1.2 percent in nondurable 

goods. Finished goods decreased 0.2 percent in durable 

goods and increased 0.7 percent in nondurable goods. 

Figures in text, other than year-to-date, are in seasonally adjusted current dollars. Figures on new and unfilled orders exclude data for 

semiconductor manufacturing. For data, call (301) 763-4673 or go to <http://www.census.gov/m3>. 

The advance report on durable goods for June is scheduled for release on July 26, 2007, at 8:30 a.m. EDT and the full report on August 2, 

2007, at 10:00 a.m. EDT. See back page for survey description. 
 2 

Table 1. Value of Manufacturers' Shipments for Industry Groups

[Millions of Dollars]

Seasonally Adjusted Not Seasonally Adjusted 1

Monthly Percent Change Monthly

Industry Percent

May Apr. Mar. Apr. - Mar. - Feb. - May Apr. Mar. May 2007/

2007p 2007r 2007 May Apr. Mar. 2007p 2007r 2007 2006 2007p 2006 2006

 All manufacturing industries .................. 417,846 413,544 409,337 1.0 1.0 2.1 432,878 406,836 432,536 434,691 2,022,770 2,041,687 -0.9

 Excluding transportation ................... 360,412 357,261 352,177 0.9 1.4 2.1 371,199 352,185 367,171 372,153 1,736,254 1,749,468 -0.8

 Excluding defense .............................. 407,951 403,912 399,764 1.0 1.0 2.2 423,044 397,754 421,954 425,534 1,975,805 1,996,855 -1.1

 With unfilled orders ........................... 149,394 148,470 146,962 0.6 1.0 1.9 152,903 144,851 161,208 150,097 725,902 712,157 1.9

 Durable goods industries ........................214,597 213,525 209,287 0.5 2.0 1.3 221,207 208,681 229,573 220,527 1,044,971 1,046,787 -0.2

 Wood products................................. ...... 8,010 7,785 7,643 2.9 1.9 1.8 8,526 7,864 7,738 9,418 37,766 45,421 -16.9

 Nonmetallic mineral products................... 9,846 9,789 9,850 0.6 -0.6 2.0 10,499 9,896 9,966 10,852 47,677 50,110 -4.9

 Primary metals............................ .......... 20,732 20,307 19,747 2.1 2.8 3.0 21,813 20,730 20,998 20,839 101,932 95,385 6.9

 Iron and steel mills............................ 9,680 9,566 9,448 1.2 1.2 5.8 10,194 9,810 10,073 9,775 48,220 46,200 4.4

 Aluminum and nonferrous metals......... 9,476 9,151 8,732 3.6 4.8 0.2 9,947 9,314 9,248 9,292 45,759 40,872 12.0

 Ferrous metal foundries...................... 1,576 1,590 1,567 -0.9 1.5 2.8 1,672 1,606 1,677 1,772 7,953 8,313 -4.3

 Fabricated metal products...................... 26,107 26,086 25,583 0.1 2.0 0.6 27,332 25,820 26,779 26,738 128,136 126,364 1.4

 Machinery............................................. 27,714 27,974 27,077 -0.9 3.3 2.9 28,542 29,049 30,280 28,250 135,900 135,414 0.4

 Farm machinery................................. 1,920 1,848 1,754 3.9 5.4 1.6 2,160 2,463 2,230 1,809 10,333 9,409 9.8

 Construction machinery..................... 1,889 1,893 1,957 -0.2 -3.3 0.2 2,152 2,033 2,278 3,423 10,142 15,222 -33.4

 Mining, oil field, and 

 gas field machinery........................ 1,310 1,289 1,243 1.6 3.7 -2.1 1,274 1,229 1,354 1,022 6,162 4,971 24.0

 Industrial machinery.......................... 3,243 3,813 2,984 -14.9 27.8 0.2 2,914 4,214 3,243 2,613 15,277 14,599 4.6

 Photographic equipment...................... 630 647 677 -2.6 -4.4 1.5 606 592 703 654 2,978 3,021 -1.4

 Ventilation, heating, air-conditioning,

 and refrigeration equipment............ 4,064 4,051 3,962 0.3 2.2 1.5 4,162 3,822 4,302 3,633 18,740 16,465 13.8

 Metalworking machinery..................... 2,398 2,426 2,223 -1.2 9.1 -3.1 2,350 2,261 2,479 2,407 11,363 11,852 -4.1

 Turbines, generators, and other

 power transmission equipment....... 3,415 3,224 3,554 5.9 -9.3 24.1 3,573 3,384 3,828 3,661 16,371 17,198 -4.8

 Material handling equipment............... 2,318 2,293 2,322 1.1 -1.2 5.4 2,339 2,131 2,750 2,154 11,326 10,287 10.1

 Computers and electronic products ......... 34,168 34,285 31,497 -0.3 8.9 -2.4 32,143 30,867 35,988 31,146 157,844 156,193 1.1

 Computers........................................ 3,676 3,238 3,211 13.5 0.8 -10.0 3,241 3,222 3,417 2,947 15,942 17,132 -6.9

 Computer storage devices................... 645 553 565 16.6 -2.1 -4.2 497 284 918 520 2,446 2,958 -17.3

 Other peripheral equipment................ 1,436 1,418 1,395 1.3 1.6 -1.4 1,276 1,133 1,766 1,265 6,402 6,317 1.3

 Nondefense communications

 equipment.................................... 4,965 4,920 4,851 0.9 1.4 -1.5 4,672 4,340 5,756 4,815 22,859 23,978 -4.7

 Defense communications equipment... 550 520 503 5.8 3.4 0.0 582 493 548 484 2,514 2,391 5.1

 Audio and video equipment.................. 872 931 829 -6.3 12.3 -4.3 726 738 837 702 3,986 3,721 7.1

 Semiconductors ................................. 7,245 7,832 5,333 -7.5 46.9 -10.1 7,079 7,453 5,676 6,852 33,821 33,480 1.0

 Electronic components....................... 4,183 4,216 4,227 -0.8 -0.3 2.0 4,035 3,722 4,640 3,855 19,921 18,418 8.2

 Nondefense search and navigation

 equipment..................................... 1,003 1,034 886 -3.0 16.7 4.2 1,058 979 1,008 860 4,669 4,008 16.5

 Defense search and navigation

 equipment..................................... 2,545 2,507 2,535 1.5 -1.1 -2.2 2,581 2,458 2,718 2,464 12,335 11,521 7.1

 Electromedical, measuring,

 and control instruments................. 6,536 6,577 6,630 -0.6 -0.8 4.6 5,953 5,575 8,169 5,888 30,446 29,631 2.8

 Electrical equipment, appliances, 

 and components................................... 10,871 11,146 10,942 -2.5 1.9 2.9 11,103 10,886 11,584 10,771 52,869 48,988 7.9

 Electric lighting equipment................... 1,247 1,253 1,192 -0.5 5.1 0.1 1,237 1,198 1,282 1,147 5,946 5,527 7.6

 Household appliances........................ 2,267 2,555 2,346 -11.3 8.9 4.5 2,279 2,568 2,374 2,380 10,848 10,300 5.3

 Electrical equipment............................ 3,430 3,409 3,412 0.6 -0.1 2.5 3,516 3,255 3,799 3,183 16,825 14,948 12.6

 Batteries........................................... 654 639 629 2.3 1.6 0.5 654 571 629 570 3,112 2,671 16.5

 Transportation equipment...................... 57,434 56,283 57,160 2.0 -1.5 2.3 61,679 54,651 65,365 62,538 286,516 292,219 -2.0

 Automobiles..................................... 7,208 7,012 7,269 2.8 -3.5 4.5 7,883 6,783 8,357 8,014 36,782 37,328 -1.5

 Light trucks and utility vehicles............ 11,525 11,220 10,839 2.7 3.5 2.2 12,995 10,978 12,680 13,341 56,338 61,485 -8.4

 Heavy duty trucks ............................. 1,319 1,380 1,763 -4.4 -21.7 -4.8 1,350 1,358 1,902 2,468 8,518 11,558 -26.3

 Motor vehicle bodies, parts, 

 and trailers.................................... 19,121 18,910 19,637 1.1 -3.7 2.4 20,684 19,224 21,780 21,739 98,983 101,763 -2.7

 Nondefense aircraft and parts.............. 8,652 8,428 8,391 2.7 0.4 5.0 9,104 7,438 10,264 7,705 40,496 34,822 16.3

 Defense aircraft and parts.................. 3,442 3,369 3,266 2.2 3.2 -5.8 3,274 3,062 3,730 3,086 15,928 15,066 5.7

 Ships and boats................................. 1,981 1,848 1,973 7.2 -6.3 -0.9 2,162 1,919 2,166 2,092 9,900 9,859 0.4

 Furniture and related products................. 6,869 6,908 7,027 -0.6 -1.7 1.2 6,908 6,739 7,153 7,332 34,228 36,488 -6.2

 Miscellaneous durable goods................. 12,846 12,962 12,761 -0.9 1.6 0.2 12,662 12,179 13,722 12,643 62,103 60,205 3.2

 Nondurable goods industries................... 203,249 200,019 200,050 1.6 0.0 2.9 211,671 198,155 202,963 214,164 977,799 994,900 -1.7

 Food products....................................... 46,909 46,503 46,026 0.9 1.0 0.4 47,233 44,402 46,687 44,566 226,450 218,448 3.7

 Grain and oilseed milling..................... 5,052 5,036 5,075 0.3 -0.8 1.5 5,165 4,746 5,138 5,062 24,797 24,747 0.2

 Dairy products.................................. 6,764 6,613 6,307 2.3 4.9 -0.6 7,078 6,302 6,509 6,265 32,019 30,486 5.0

 Meat, poultry, and seafood products... 14,073 14,154 14,010 -0.6 1.0 1.7 14,326 13,592 13,767 13,198 68,249 63,651 7.2

 Beverage and tobacco products............... 11,306 11,059 11,098 2.2 -0.4 4.9 12,137 10,882 11,055 11,937 53,745 52,139 3.1

 Beverages......................................... 7,301 7,321 7,282 -0.3 0.5 1.2 8,132 7,144 7,239 7,886 35,259 34,031 3.6

 Tobacco............................................ 4,005 3,738 3,816 7.1 -2.0 12.8 4,005 3,738 3,816 4,051 18,486 18,108 2.1

 Textile mills........................................... 2,928 2,885 2,901 1.5 -0.6 -2.7 2,981 2,890 3,043 3,162 14,718 16,012 -8.1

 Textile products................................... 2,870 2,848 2,836 0.8 0.4 -1.2 2,893 2,843 2,960 3,147 14,085 15,435 -8.7

 Apparel................................................ 2,645 2,685 2,736 -1.5 -1.9 0.6 2,566 2,513 2,879 2,827 12,912 13,389 -3.6

 Leather and allied products..................... 555 550 569 0.9 -3.3 1.4 504 515 615 481 2,715 2,513 8.0

 Paper products...................................... 13,706 13,757 13,698 -0.4 0.4 0.2 14,202 13,446 13,966 14,816 68,401 69,908 -2.2

 Pulp, paper, and paperboard mills....... 6,546 6,535 6,505 0.2 0.5 1.6 6,692 6,396 6,641 6,681 32,356 32,150 0.6

 Paperboard containers........................ 3,922 3,967 3,922 -1.1 1.1 -0.4 4,070 3,863 3,937 4,307 19,480 19,683 -1.0

 Printing................................................. 8,446 8,505 8,557 -0.7 -0.6 0.6 8,307 8,258 8,745 8,472 41,227 40,499 1.8

 Petroleum and coal products.................. 43,504 41,262 42,791 5.4 -3.6 11.8 46,847 41,999 40,057 50,030 196,745 214,173 -8.1

 Petroleum refineries.......................... 40,749 38,620 40,151 5.5 -3.8 12.8 43,826 39,498 37,570 46,794 184,367 201,019 -8.3

 Chemical products.................................. 52,954 52,675 51,818 0.5 1.7 0.3 55,483 53,014 55,142 55,995 261,251 265,294 -1.5

 Pesticides, fertilizers, and other

 agricultural chemicals..................... 2,502 2,447 2,541 2.2 -3.7 3.2 3,550 3,463 3,523 3,153 14,911 13,305 12.1

 Pharmaceuticals and medicines............ 13,938 14,335 14,414 -2.8 -0.5 -2.4 14,369 14,070 14,775 15,524 70,927 71,560 -0.9

 Paints, coatings, and adhesives.......... 2,906 2,899 2,887 0.2 0.4 1.8 3,235 3,077 3,078 3,253 14,581 14,440 1.0

 Plastics and rubber products.................. 17,426 17,290 17,020 0.8 1.6 2.1 18,518 17,393 17,814 18,731 85,550 87,090 -1.8

p Preliminary r

 Revised NA Not available.

1

 Shipments 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.

Year to date
 3

Table 2. Value of Manufacturers' New Orders for Industry Groups

[Millions of Dollars]

Seasonally Adjusted Not Seasonally Adjusted 1

Monthly Percent Change Monthly

Industry Percent

May Apr. Mar. Apr. - Mar. - Feb. - May Apr. Mar. May 2007/

2007p 2007r 2007 May Apr. Mar. 2007p 2007r 2007 2006 2007p 2006 2006

All manufacturing industries 2................... 416,933 418,997 416,759 -0.5 0.5 4.1 428,432 411,227 441,840 429,474 2,039,938 2,051,454 -0.6

 Excluding transportation 2

................... 354,551 351,989 348,583 0.7 1.0 2.4 364,855 347,875 364,640 368,300 1,722,334 1,741,132 -1.1

 Excluding defense 2

............................. 407,495 410,115 407,763 -0.6 0.6 4.1 421,453 403,935 429,558 423,558 1,994,056 2,008,420 -0.7

 With unfilled orders 2.......................... 155,726 161,755 159,717 -3.7 1.3 6.6 155,536 156,695 176,188 151,732 776,891 755,404 2.8

 Durable goods industries 2..................... 213,684 218,978 216,709 -2.4 1.0 5.1 216,761 213,072 238,877 215,310 1,062,139 1,056,554 0.5

 Primary metals............................ ............ 20,679 21,444 20,019 -3.6 7.1 5.8 21,569 21,715 21,335 21,186 104,126 97,729 6.5

 Iron and steel mills.............................. 9,583 10,603 9,653 -9.6 9.8 10.0 9,958 10,701 10,411 9,947 50,002 47,579 5.1

 Aluminum and nonferrous metals......... 9,473 9,231 8,805 2.6 4.8 1.9 9,893 9,414 9,266 9,493 45,995 41,582 10.6

 Ferrous metal foundries...................... 1,623 1,610 1,561 0.8 3.1 4.2 1,718 1,600 1,658 1,746 8,129 8,568 -5.1

 Fabricated metal products...................... 26,159 26,442 25,491 -1.1 3.7 -1.0 28,308 26,457 27,694 28,213 132,908 131,937 0.7

 Machinery............................................. 27,521 27,922 28,395 -1.4 -1.7 5.4 27,704 29,287 31,927 29,539 141,757 143,924 -1.5

 Construction machinery....................... 1,631 1,969 2,991 -17.2 -34.2 89.3 1,566 2,106 3,355 3,590 10,931 15,809 -30.9

 Mining, oil field, and

 gas field machinery........................ 1,269 1,372 1,157 -7.5 18.6 13.4 1,267 1,334 1,252 1,232 5,880 5,759 2.1

 Industrial machinery............................ 3,229 3,871 3,532 -16.6 9.6 2.8 2,760 4,560 3,791 2,565 17,357 17,099 1.5

 Photographic equipment...................... 617 676 645 -8.7 4.8 7.9 568 637 685 653 2,962 3,132 -5.4

 Ventilation, heating, air-conditioning,

 and refrigeration equipment............ 4,109 3,720 3,598 10.5 3.4 -26.0 4,383 3,607 4,055 4,045 20,403 17,891 14.0

 Metalworking machinery....................... 2,404 2,333 2,183 3.0 6.9 -5.7 2,353 2,180 2,440 2,452 11,927 12,147 -1.8

 Turbines, generators, and other 

 power transmission equipment....... 3,371 3,188 3,677 5.7 -13.3 35.3 3,460 3,259 3,864 4,111 16,243 18,561 -12.5

 Material handling equipment............... 2,332 2,187 2,309 6.6 -5.3 8.9 2,198 1,979 2,885 2,156 11,611 11,204 3.6

 Computers and electronic products 2...... 27,773 26,642 26,324 4.2 1.2 -1.3 24,935 23,549 30,681 23,244 126,375 127,538 -0.9

 Computers........................................ 3,622 3,067 3,419 18.1 -10.3 -1.8 3,187 3,051 3,625 2,922 15,783 16,752 -5.8

 Nondefense communications

 equipment...................................... 5,780 4,960 4,318 16.5 14.9 -12.1 5,424 4,587 5,360 4,546 24,476 25,476 -3.9

 Defense communications equipment... 363 332 902 9.3 -63.2 157.0 208 260 1,030 283 2,124 2,098 1.2

 Semiconductors 2

................................ (NA) (NA) (NA) (NA) (NA) (NA) (NA) (NA) (NA) (NA) (NA) (NA) (NA)

 Electronic components....................... 4,183 4,172 4,107 0.3 1.6 -7.8 4,050 3,637 4,359 3,885 20,260 19,105 6.0

 Nondefense search and navigation

 equipment..................................... 1,103 1,020 867 8.1 17.6 5.6 1,074 850 1,025 760 4,877 4,791 1.8

 Defense search and navigation

 equipment...................................... 2,528 2,983 2,181 -15.3 36.8 -15.2 1,929 2,821 2,806 2,028 11,977 12,999 -7.9

 Electromedical, measuring,

 and control instruments.................... 6,729 6,667 7,209 0.9 -7.5 8.6 6,121 5,718 8,420 5,839 31,541 30,683 2.8

 Electrical equipment, appliances, 

 and components................................... 11,136 11,584 11,197 -3.9 3.5 2.3 11,406 11,408 11,543 11,501 55,870 52,427 6.6

 Electric lighting equipment................... 1,180 1,279 1,239 -7.7 3.2 -6.4 1,247 1,245 1,359 1,442 6,460 6,380 1.3

 Household appliances.......................... 2,235 2,741 2,360 -18.5 16.1 -1.0 2,261 2,753 2,209 2,409 11,317 10,539 7.4

 Electrical equipment............................ 3,624 3,429 3,741 5.7 -8.3 5.4 3,744 3,407 4,024 3,323 18,386 16,151 13.8

 Transportation equipment........................ 62,382 67,008 68,176 -6.9 -1.7 13.6 63,577 63,352 77,200 61,174 317,604 310,322 2.3

 Motor vehicle bodies, parts, 

 and trailers.................................... 19,530 18,865 19,662 3.5 -4.1 3.0 20,604 18,896 21,408 21,321 98,804 103,275 -4.3

 Nondefense aircraft and parts.............. 13,948 18,032 20,263 -22.6 -11.0 53.6 13,408 16,200 21,644 9,972 70,115 54,648 28.3

 Defense aircraft and parts................... 2,633 2,413 2,038 9.1 18.4 -31.5 2,032 1,763 3,048 2,003 12,472 15,821 -21.2

 Ships and boats................................. 2,706 1,817 2,272 48.9 -20.0 13.3 2,628 1,433 2,312 1,625 11,671 11,399 2.4

 Furniture and related products................. 7,099 7,235 6,996 -1.9 3.4 -1.4 7,342 7,200 7,214 7,444 35,603 37,122 -4.1

 Nondurable goods industries.................. 203,249 200,019 200,050 1.6 0.0 2.9 211,671 198,155 202,963 214,164 977,799 994,900 -1.7

p

 Preliminary r Revised NA Not available.

1

 New orders are the totals for the period and are adjusted for trading-day and calendar-month variations.

2

 Data on new orders are not available for the semiconductor industry. Estimates and percent changes for new orders exclude semiconductor industry data. 

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: M3-3(06), "Manufacturers' Shipments, Inventories, and Orders: 2001-2006."

Year to date
 4 

Table 3. Value of Manufacturers' Unfilled Orders for Industry Groups

[Millions of Dollars]

Seasonally Adjusted Not Seasonally Adjusted

Monthly Percent Change Monthly Percent

Industry Change

May Apr. Mar. Apr. - Mar. - Feb. - May Apr. Mar. May May

2007p 2007r 2007 May Apr. Mar. 2007p 2007r 2007 2006 07/06

All manufacturing industries 1................... 725,698 719,366 706,081 0.9 1.9 1.8 732,831 730,198 718,354 610,652 20.0

 Excluding transportation 1................... 315,532 314,148 311,588 0.4 0.8 0.6 320,745 320,010 316,867 288,596 11.1

 Excluding defense 1............................. 570,342 563,553 549,518 1.2 2.6 2.5 575,551 570,063 556,429 466,622 23.3

 Durable goods industries 1..................... 725,698 719,366 706,081 0.9 1.9 1.8 732,831 730,198 718,354 610,652 20.0

 Primary metals........................................ 28,330 28,383 27,246 -0.2 4.2 1.0 28,886 29,130 28,145 28,584 1.1

 Iron and steel mills.............................. 17,346 17,443 16,406 -0.6 6.3 1.3 17,673 17,909 17,018 18,143 -2.6

 Aluminum and nonferrous metals......... 8,041 8,044 7,964 0.0 1.0 0.9 8,211 8,265 8,165 7,490 9.6

 Ferrous metal foundries...................... 2,943 2,896 2,876 1.6 0.7 -0.2 3,002 2,956 2,962 2,951 1.7

 Fabricated metal products...................... 56,093 56,041 55,685 0.1 0.6 -0.2 57,897 56,921 56,284 53,701 7.8

 Machinery............................................. 81,085 81,278 81,330 -0.2 -0.1 1.6 82,745 83,583 83,345 70,781 16.9

 Construction machinery....................... 10,143 10,401 10,325 -2.5 0.7 11.1 10,590 11,176 11,103 7,967 32.9

 Mining, oil field, and

 gas field machinery........................ 3,484 3,525 3,442 -1.2 2.4 -2.4 3,528 3,535 3,430 2,987 18.1

 Industrial machinery............................ 14,229 14,243 14,185 -0.1 0.4 4.0 14,511 14,665 14,319 12,261 18.4

 Photographic equipment...................... 1,497 1,510 1,481 -0.9 2.0 -2.1 1,526 1,564 1,519 1,252 21.9

 Ventilation, heating, air-conditioning,

 and refrigeration equipment............ 10,701 10,656 10,987 0.4 -3.0 -3.2 11,119 10,898 11,113 8,856 25.6

 Metalworking machinery....................... 6,851 6,845 6,938 0.1 -1.3 -0.6 6,989 6,986 7,067 5,773 21.1

 Turbines, generators, and other 

 power transmission equipment....... 12,447 12,491 12,527 -0.4 -0.3 1.0 12,425 12,538 12,663 11,504 8.0

 Material handling equipment............... 8,938 8,924 9,030 0.2 -1.2 -0.1 9,136 9,277 9,429 8,597 6.3

 Computers and electronic products 1...... 111,898 111,048 110,859 0.8 0.2 0.1 112,544 112,673 112,538 101,915 10.4

 Computers......................................... 3,248 3,302 3,473 -1.6 -4.9 6.4 3,248 3,302 3,473 3,230 0.6

 Nondefense communications

 equipment...................................... 27,581 26,766 26,726 3.0 0.1 -2.0 28,150 27,398 27,151 25,795 9.1

 Defense communications equipment... 6,050 6,237 6,425 -3.0 -2.9 6.6 5,967 6,341 6,574 5,543 7.6

 Semiconductors 1

................................ (NA) (NA) (NA) (NA) (NA) (NA) (NA) (NA) (NA) (NA) (NA)

 Electronic components....................... 10,270 10,270 10,314 0.0 -0.4 -1.2 10,259 10,244 10,329 10,027 2.3

 Nondefense search and navigation

 equipment..................................... 5,491 5,391 5,405 1.9 -0.3 -0.4 5,523 5,507 5,636 4,489 23.0

 Defense search and navigation

 equipment...................................... 33,805 33,822 33,346 -0.1 1.4 -1.1 33,957 34,609 34,246 31,141 9.0

 Electromedical, measuring,

 and control instruments.................... 25,453 25,260 25,170 0.8 0.4 2.4 25,440 25,272 25,129 21,690 17.3

 Electrical equipment, appliances, 

 and components................................... 24,402 24,137 23,699 1.1 1.8 1.1 24,737 24,434 23,912 21,078 17.4

 Electric lighting equipment................... 2,540 2,607 2,581 -2.6 1.0 1.9 2,631 2,621 2,574 2,970 -11.4

 Household appliances.......................... 1,013 1,045 859 -3.1 21.7 1.7 1,040 1,058 873 794 31.0

 Electrical equipment............................ 14,306 14,112 14,092 1.4 0.1 2.4 14,491 14,263 14,111 11,279 28.5

 Transportation equipment........................ 410,166 405,218 394,493 1.2 2.7 2.9 412,086 410,188 401,487 322,056 28.0

 Motor vehicle bodies, parts, 

 and trailers.................................... 21,035 20,626 20,671 2.0 -0.2 0.1 20,788 20,868 21,196 19,437 7.0

 Nondefense aircraft and parts.............. 247,770 242,474 232,870 2.2 4.1 5.4 248,169 243,865 235,103 176,227 40.8

 Defense aircraft and parts................... 40,701 41,510 42,466 -1.9 -2.3 -2.8 41,567 42,809 44,108 43,723 -4.9

 Ships and boats................................. 19,288 18,563 18,594 3.9 -0.2 1.6 19,538 19,072 19,558 14,831 31.7

 Furniture and related products................. 7,951 7,721 7,394 3.0 4.4 -0.4 8,163 7,729 7,268 7,834 4.2

p

 Preliminary r Revised NA Not available.

1

 Data on unfilled orders are not available for the semiconductor industry. Estimates and percent changes for unfilled orders exclude semiconductor industry data. 

See note at end of Table 2 relating to survey error and revision.
 5

Table 4. Value of Manufacturers' Inventories for Industry Groups

[Millions of Dollars]

Seasonally Adjusted Not Seasonally Adjusted

Monthly Percent Change Monthly Percent

Industry Change

May Apr. Mar. Apr. - Mar. - Feb. - May Apr. Mar. May May

2007p 2007r 2007 May Apr. Mar. 2007p 2007r 2007 2006 07/06

 All manufacturing industries ..................... 515,045 513,302 511,098 0.3 0.4 0.2 518,900 515,621 509,220 497,709 4.3

 Excluding transportation ...................... 437,600 436,306 435,327 0.3 0.2 0.1 440,982 438,335 433,967 425,443 3.7

 Excluding defense ............................. 493,919 492,117 490,399 0.4 0.4 0.2 497,721 494,414 488,619 475,874 4.6

 With unfilled orders ............................. 246,374 245,791 244,091 0.2 0.7 0.1 248,464 247,164 243,294 231,496 7.3

 Durable goods industries ........................ 312,823 312,426 311,315 0.1 0.4 0.1 315,523 314,202 310,337 296,890 6.3

 Wood products................................. ....... 10,585 10,674 10,781 -0.8 -1.0 -1.4 10,523 10,687 10,974 11,562 -9.0

 Nonmetallic mineral products................... 11,988 11,998 11,983 -0.1 0.1 0.1 12,233 12,258 12,212 11,408 7.2

 Primary metals............................ ............ 31,560 31,538 31,385 0.1 0.5 1.1 31,578 31,667 31,304 28,483 10.9

 Iron and steel mills............................... 18,023 17,979 17,882 0.2 0.5 1.2 17,917 17,855 17,645 15,645 14.5

 Aluminum and nonferrous metals......... 11,058 11,077 11,023 -0.2 0.5 0.8 11,119 11,244 11,098 10,549 5.4

 Ferrous metal foundries........................ 2,479 2,482 2,480 -0.1 0.1 0.9 2,542 2,568 2,561 2,289 11.1

 Fabricated metal products......................... 41,640 41,634 41,592 0.0 0.1 0.1 42,134 42,162 42,141 39,337 7.1

 Machinery.............................................. 50,509 50,396 50,201 0.2 0.4 0.0 50,986 50,745 50,440 47,529 7.3

 Farm machinery.................................. 2,272 2,308 2,334 -1.6 -1.1 0.3 2,290 2,350 2,509 2,266 1.1

 Construction machinery........................ 4,969 4,926 4,904 0.9 0.4 2.0 5,009 4,999 4,998 4,522 10.8

 Mining, oil field, 

 and gas field machinery.................... 3,704 3,657 3,622 1.3 1.0 0.8 3,803 3,692 3,634 3,048 24.8

 Industrial machinery............................. 7,691 7,719 7,775 -0.4 -0.7 -1.1 7,839 7,663 7,843 7,263 7.9

 Photographic equipment...................... 1,231 1,247 1,232 -1.3 1.2 1.2 1,276 1,269 1,201 1,276 0.0

 Ventilation, heating, air-conditioning,

 and refrigeration equipment............... 4,513 4,492 4,412 0.5 1.8 1.7 4,696 4,672 4,446 4,359 7.7

 Metalworking machinery....................... 4,062 4,073 4,030 -0.3 1.1 0.0 4,089 4,079 3,994 4,439 -7.9

 Turbines, generators, and other

 power transmission equipment.......... 5,821 5,800 5,787 0.4 0.2 0.1 5,752 5,726 5,596 5,193 10.8

 Material handling equipment.................. 2,876 2,860 2,829 0.6 1.1 -2.8 2,900 2,889 2,844 2,642 9.8

 Computers and electronic products ......... 43,779 43,830 44,128 -0.1 -0.7 -0.9 44,241 43,742 42,895 42,511 4.1

 Computers......................................... 1,108 1,073 1,170 3.3 -8.3 4.1 1,118 1,011 1,127 1,024 9.2

 Computer storage devices.................... 1,273 1,284 1,303 -0.9 -1.5 0.3 1,332 1,296 1,165 1,212 9.9

 Other peripheral equipment................... 2,074 2,090 2,086 -0.8 0.2 -2.5 2,124 2,096 1,973 2,141 -0.8

 Nondefense communications

 equipment...................................... 6,485 6,390 6,406 1.5 -0.2 -3.6 6,525 6,306 6,165 6,833 -4.5

 Defense communications equipment...... 787 796 795 -1.1 0.1 -0.5 815 818 793 836 -2.5

 Audio and video equipment.................. 1,167 1,139 1,218 2.5 -6.5 -0.3 1,076 995 1,026 949 13.4

 Semiconductors 1................................ (NA) (NA) (NA) (NA) (NA) (NA) (NA) (NA) (NA) (NA) (NA)

 Electronic components.......................... 7,126 7,248 7,151 -1.7 1.4 -2.3 7,201 7,325 6,966 6,886 4.6

 Nondefense search and navigation

 equipment...................................... 3,073 2,990 3,003 2.8 -0.4 2.6 3,101 3,014 2,986 2,671 16.1

 Defense search and navigation

 equipment....................................... 2,406 2,452 2,515 -1.9 -2.5 1.2 2,441 2,476 2,481 2,567 -4.9

 Electromedical, measuring 

 and control instruments.................... 10,985 10,855 10,854 1.2 0.0 -1.2 11,118 10,853 10,712 10,403 6.9

 Electrical equipment, appliances, 

 and components.................................... 14,314 14,424 14,365 -0.8 0.4 -0.1 14,635 14,724 14,484 13,700 6.8

 Electric lighting equipment................... 1,948 2,045 1,925 -4.7 6.2 1.0 2,015 2,079 1,913 1,865 8.0

 Household appliances.......................... 1,694 1,694 1,685 0.0 0.5 0.7 1,803 1,791 1,682 1,882 -4.2

 Electrical equipment............................. 5,230 5,231 5,211 0.0 0.4 0.3 5,273 5,309 5,241 4,672 12.9

 Batteries............................................ 448 456 481 -1.8 -5.2 -1.2 457 463 482 602 -24.1

 Transportation equipment......................... 77,445 76,996 75,771 0.6 1.6 0.6 77,918 77,286 75,253 72,266 7.8

 Automobiles....................................... 2,234 2,304 2,370 -3.0 -2.8 0.5 2,275 2,323 2,272 2,113 7.7

 Light trucks and utility vehicles............. 3,031 2,961 2,960 2.4 0.0 2.6 3,104 3,045 2,900 2,933 5.8

 Heavy duty trucks ............................... 1,486 1,462 1,489 1.6 -1.8 9.7 1,497 1,450 1,501 1,400 6.9

 Motor vehicle bodies, parts, 

 and trailers...................................... 18,302 18,331 18,423 -0.2 -0.5 -2.9 18,352 18,494 18,538 18,368 -0.1

 Nondefense aircraft and parts............... 30,215 29,801 28,888 1.4 3.2 3.0 30,496 29,794 28,518 25,067 21.7

 Defense aircraft and parts..................... 12,727 12,702 12,541 0.2 1.3 1.5 12,738 12,695 12,484 12,385 2.9

 Ships and boats.................................. 2,278 2,395 2,362 -4.9 1.4 -1.6 2,204 2,391 2,428 2,675 -17.6

 Furniture and related products................. 8,601 8,686 8,778 -1.0 -1.0 -1.7 8,715 8,669 8,631 8,837 -1.4

 Miscellaneous durable goods.................... 22,402 22,250 22,331 0.7 -0.4 0.2 22,560 22,262 22,003 21,257 6.1

 Nondurable goods industries...................... 202,222 200,876 199,783 0.7 0.5 0.4 203,377 201,419 198,883 200,819 1.3

 Food products........................................ 36,380 35,940 35,490 1.2 1.3 0.3 35,211 35,077 34,890 32,932 6.9

 Grain and oilseed milling........................ 4,292 4,084 4,001 5.1 2.1 0.7 4,041 4,013 4,054 3,472 16.4

 Dairy products.................................... 4,404 4,342 4,253 1.4 2.1 0.6 4,590 4,499 4,263 4,283 7.2

 Meat, poultry, and seafood products...... 7,076 6,971 6,900 1.5 1.0 1.2 7,035 7,000 6,945 6,454 9.0

 Beverage and tobacco products................ 14,607 14,656 14,569 -0.3 0.6 0.5 14,271 14,684 14,715 14,025 1.8

 Beverages......................................... 10,513 10,531 10,400 -0.2 1.3 1.0 10,329 10,610 10,494 9,843 4.9

 Tobacco............................................ 4,094 4,125 4,169 -0.8 -1.1 -0.7 3,942 4,074 4,221 4,182 -5.7

 Textile mills............................................ 3,738 3,777 3,833 -1.0 -1.5 -2.1 3,827 3,821 3,824 4,244 -9.8

 Textile products...................................... 3,534 3,482 3,497 1.5 -0.4 -1.5 3,571 3,468 3,474 3,688 -3.2

 Apparel................................................. 3,846 3,842 3,811 0.1 0.8 0.0 3,871 3,795 3,700 4,162 -7.0

 Leather and allied products...................... 906 900 899 0.7 0.1 -0.3 902 874 873 816 10.5

 Paper products....................................... 15,306 15,321 15,393 -0.1 -0.5 -0.6 15,466 15,500 15,506 15,607 -0.9

 Pulp, paper, and paperboard mills.......... 7,098 7,127 7,163 -0.4 -0.5 0.3 7,195 7,240 7,253 7,051 2.0

 Paperboard containers......................... 3,883 3,890 3,920 -0.2 -0.8 -1.9 3,897 3,891 3,915 4,102 -5.0

 Printing.................................................. 6,592 6,619 6,693 -0.4 -1.1 -1.2 6,483 6,488 6,520 6,584 -1.5

 Petroleum and coal products..................... 34,221 33,957 33,270 0.8 2.1 2.6 35,978 34,549 32,243 36,360 -1.1

 Petroleum refineries............................. 31,381 31,142 30,433 0.8 2.3 3.1 33,073 31,713 29,423 33,716 -1.9

 Chemical products..................................... 62,716 62,260 62,186 0.7 0.1 -0.1 63,145 62,617 62,454 61,887 2.0

 Pesticides, fertilizers, and other

 agricultural chemicals....................... 2,494 2,494 2,439 0.0 2.3 1.0 2,421 2,664 2,778 2,483 -2.5

 Pharmaceuticals and medicines............. 24,152 23,930 24,119 0.9 -0.8 -2.1 24,275 23,902 23,904 23,329 4.1

 Paints, coatings, and adhesives............. 3,005 2,997 3,000 0.3 -0.1 -1.3 3,057 3,064 3,082 3,040 0.6

 Plastics and rubber products..................... 20,376 20,122 20,142 1.3 -0.1 0.4 20,652 20,546 20,684 20,514 0.7

p

 Preliminary r Revised NA Not available.

1 Inventories for semiconductor industry data are included in computers and electronic products and total durable goods industries, but are not shown separately. 

See note at end of Table 2 relating to survey error and revision.
 6 

Table 5. Value of Manufacturers' Shipments, New Orders, Unfilled Orders, and Total Inventories for 

 Topical Series 1

[Millions of Dollars]

Seasonally Adjusted Not Seasonally Adjusted2

Monthly Percent Change Monthly Year to date Percent

Industry Change6

May Apr. Mar. Apr. - Mar. - Feb. - May Apr. Mar. May 2007/

2007p 2007r 2007 May Apr. Mar. 2007p 2007r 2007 2006 2007p 2006 2006

SHIPMENTS

 All manufacturing industries .................. 417,846 413,544 409,337 1.0 1.0 2.1 432,878 406,836 432,536 434,691 2,022,770 2,041,687 -0.9

 Construction materials and supplies...... 43,790 43,357 42,962 1.0 0.9 1.1 46,217 43,120 44,292 47,005 210,453 218,110 -3.5

 Information technology......................... 26,643 26,174 25,977 1.8 0.8 -0.5 25,052 23,578 29,875 24,584 123,218 122,858 0.3

 Computers and related products .......... 5,757 5,209 5,171 10.5 0.7 -7.2 5,014 4,639 6,101 4,732 24,790 26,407 -6.1

 Motor vehicle and parts........................ 39,173 38,522 39,508 1.7 -2.5 2.4 42,912 38,343 44,719 45,562 200,621 212,134 -5.4

 Capital goods...................................... 73,953 73,710 72,949 0.3 1.0 1.2 73,698 70,744 82,391 73,629 356,361 356,346 0.0

 Nondefense capital goods 3

.................. 65,646 65,611 64,912 0.1 1.1 1.7 65,388 63,025 73,604 65,842 316,730 318,294 -0.5

 Excluding aircraft............................. 60,498 60,431 59,916 0.1 0.9 1.6 59,807 58,565 67,233 60,726 292,511 296,489 -1.3

 Defense capital goods 4....................... 8,307 8,099 8,037 2.6 0.8 -2.9 8,310 7,719 8,787 7,787 39,631 38,052 4.1

 Consumer goods.................................. 164,817 162,220 162,875 1.6 -0.4 3.5 172,012 159,328 165,991 174,953 792,078 809,071 -2.1

 Consumer durable goods..................... 34,695 34,528 33,981 0.5 1.6 1.5 36,897 33,730 38,064 37,902 171,375 178,348 -3.9

 Consumer nondurable goods............... 130,122 127,692 128,894 1.9 -0.9 4.0 135,115 125,598 127,927 137,051 620,703 630,723 -1.6

 All manufacturing industries 5

................. 416,933 418,997 416,759 -0.5 0.5 4.1 428,432 411,227 441,840 429,474 2,039,938 2,051,454 -0.6

 Construction materials and supplies...... 44,105 43,268 42,875 1.9 0.9 -1.4 47,629 43,488 45,105 48,812 215,713 223,916 -3.7

 Information technology......................... 27,650 26,642 26,090 3.8 2.1 0.8 24,953 23,981 30,329 23,769 125,672 128,251 -2.0

 Computers and related products .......... 5,703 5,038 5,379 13.2 -6.3 -2.0 4,960 4,468 6,309 4,707 24,631 26,027 -5.4

 Motor vehicle and parts........................ 39,582 38,477 39,533 2.9 -2.7 2.7 42,832 38,015 44,347 45,144 200,442 213,646 -6.2

 Capital goods...................................... 80,264 85,756 86,021 -6.4 -0.3 12.5 76,083 81,382 96,883 73,793 396,750 381,865 3.9

 Nondefense capital goods 3

.................. 72,189 78,128 78,375 -7.6 -0.3 13.8 70,251 75,182 86,343 68,854 357,515 346,024 3.3

 Excluding aircraft............................. 61,735 63,081 61,855 -2.1 2.0 4.6 60,243 61,713 69,380 61,685 305,426 309,657 -1.4

 Defense capital goods 4....................... 8,075 7,628 7,646 5.9 -0.2 0.5 5,832 6,200 10,540 4,939 39,235 35,841 9.5

 Consumer goods.................................. 165,078 162,735 162,714 1.4 0.0 3.3 172,293 159,860 165,598 175,029 793,381 809,220 -2.0

 Consumer durable goods..................... 34,956 35,043 33,820 -0.2 3.6 0.5 37,178 34,262 37,671 37,978 172,678 178,497 -3.3

 Consumer nondurable goods.............. 130,122 127,692 128,894 1.9 -0.9 4.0 135,115 125,598 127,927 137,051 620,703 630,723 -1.6

 All manufacturing industries 5................. 725,698 719,366 706,081 0.9 1.9 1.8 732,831 730,198 718,354 610,652 (X) (X) 20.0

 Construction materials and supplies...... 46,564 46,249 46,338 0.7 -0.2 -0.2 48,398 46,986 46,618 46,338 (X) (X) 4.4

 Information technology......................... 109,668 108,661 108,193 0.9 0.4 0.1 110,386 110,485 110,082 99,175 (X) (X) 11.3

 Computers and related products .......... 3,248 3,302 3,473 -1.6 -4.9 6.4 3,248 3,302 3,473 3,230 (X) (X) 0.6

 Motor vehicle and parts........................ 21,035 20,626 20,671 2.0 -0.2 0.1 20,788 20,868 21,196 19,437 (X) (X) 7.0

 Capital goods...................................... 540,228 533,917 521,871 1.2 2.3 2.6 544,279 541,894 531,256 436,606 (X) (X) 24.7

 Nondefense capital goods 3..................397,040 390,497 377,980 1.7 3.3 3.7 399,476 394,613 382,456 304,868 (X) (X) 31.0

 Excluding aircraft............................. 175,350 174,113 171,463 0.7 1.5 1.1 177,835 177,399 174,251 152,225 (X) (X) 16.8

 Defense capital goods 4

....................... 143,188 143,420 143,891 -0.2 -0.3 -0.3 144,803 147,281 148,800 131,738 (X) (X) 9.9

 Consumer goods.................................. 9,915 9,654 9,139 2.7 5.6 -1.7 9,962 9,681 9,149 8,941 (X) (X) 11.4

 Consumer durable goods..................... 9,915 9,654 9,139 2.7 5.6 -1.7 9,962 9,681 9,149 8,941 (X) (X) 11.4 

 All manufacturing industries .................. 515,045 513,302 511,098 0.3 0.4 0.2 518,900 515,621 509,220 497,709 (X) (X) 4.3

 Construction materials and supplies...... 58,989 59,115 58,967 -0.2 0.3 -0.4 59,797 59,894 59,804 57,969 (X) (X) 3.2

 Information technology......................... 36,076 35,791 36,129 0.8 -0.9 -0.9 36,513 35,686 35,254 35,100 (X) (X) 4.0

 Computers and related products .......... 4,455 4,447 4,559 0.2 -2.5 -0.1 4,574 4,403 4,265 4,377 (X) (X) 4.5

 Motor vehicle and parts........................ 25,053 25,058 25,242 0.0 -0.7 -1.3 25,228 25,312 25,211 24,814 (X) (X) 1.7

 Capital goods...................................... 138,324 137,395 136,578 0.7 0.6 0.4 139,476 137,668 135,662 129,776 (X) (X) 7.5

 Nondefense capital goods 3..................121,507 120,423 120,054 0.9 0.3 0.6 122,617 120,667 119,179 112,530 (X) (X) 9.0

 Excluding aircraft............................. 97,834 97,367 97,466 0.5 -0.1 -0.3 98,872 97,710 96,831 92,815 (X) (X) 6.5

 Defense capital goods 4....................... 16,817 16,972 16,524 -0.9 2.7 -1.1 16,859 17,001 16,483 17,246 (X) (X) -2.2

 Consumer goods.................................. 157,072 156,071 155,332 0.6 0.5 0.3 157,730 155,800 152,976 154,257 (X) (X) 2.3

 Consumer durable goods..................... 29,468 29,407 29,690 0.2 -1.0 -0.2 29,634 29,395 29,113 28,966 (X) (X) 2.3

 Consumer nondurable goods............... 127,604 126,664 125,642 0.7 0.8 0.4 128,096 126,405 123,863 125,291 (X) (X) 2.2

p

 Preliminary r Revised X Not Applicable.

1

 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.

3

 Nondefense capital goods industries include: small arms and ordnance; farm machinery and equipment; construction machinery; mining, oil, and gas field machinery;

industrial machinery; vending, laundry, and other machinery; photographic equipment; metalworking machinery; turbines and generators; other power transmission

equipment; pumps and compressors; material handling equipment; all other machinery; electronic computers; computer storage devices; other computer peripheral

equipment; communications equipment; search and navigation equipment; electromedical, measuring, and control instruments; electrical equipment; other electrical 

equipment, appliances, and components; heavy duty trucks; aircraft; railroad rolling stock; ships and boats; office and institutional furniture; and medical equipment

and supplies.

4 Defense capital goods industries include: small arms and ordnance; communications equipment; aircraft; missiles, space vehicles, and parts; ships and boats;

and search and navigation equipment.

5 Estimates and percent changes exclude semiconductor industry data. 

6

 Based on year-to-date for shipments and new orders, but on same month prior year for unfilled orders and inventories.

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

NEW ORDERS

UNFILLED ORDERS

TOTAL INVENTORIES
 7

Table 6. Value of Manufacturers' Inventories, by Stage of Fabrication, by Industry Group

[Millions of Dollars]

Seasonally Adjusted Not Seasonally Adjusted

Monthly Percent Change Monthly Percent

Industry Change

May Apr. Mar. Apr. - Mar. - Feb. - May Apr. Mar. May May

2007p 2007r 2007 May Apr. Mar. 2007p 2007r 2007 2006 07/06

MATERIALS AND SUPPLIES

 All manufacturing industries..................... 176,372 176,034 175,025 0.2 0.6 0.1 176,652 175,852 174,024 172,836 2.2

 Durable goods industries........................ 107,761 107,683 107,174 0.1 0.5 0.1 107,375 107,079 106,178 101,886 5.4

 Wood products................................... 4,131 4,113 4,100 0.4 0.3 -1.7 3,842 3,814 3,981 4,076 -5.7

 Nonmetallic mineral products............... 4,626 4,631 4,592 -0.1 0.8 0.9 4,614 4,601 4,587 4,234 9.0

 Primary metals.................................... 12,249 12,053 12,071 1.6 -0.1 1.2 12,015 11,752 11,772 10,766 11.6

 Fabricated metal products..................... 16,234 16,263 16,295 -0.2 -0.2 0.5 16,285 16,330 16,434 14,999 8.6

 Machinery.......................................... 19,350 19,547 19,493 -1.0 0.3 0.8 19,347 19,680 19,321 17,606 9.9

 Computers and electronic products ...... 16,892 16,819 16,642 0.4 1.1 -0.3 16,920 16,555 16,331 16,145 4.8

 Electrical equipment, appliances,

 and components............................... 5,916 5,961 5,975 -0.8 -0.2 0.1 5,975 6,007 5,982 5,591 6.9

 Transportation equipment..................... 17,083 16,952 16,704 0.8 1.5 -1.4 17,073 16,988 16,637 17,358 -1.6

 Furniture and related products............... 3,844 3,873 3,802 -0.7 1.9 -0.1 3,855 3,878 3,785 3,826 0.8

 Miscellaneous products........................ 7,436 7,471 7,500 -0.5 -0.4 0.4 7,449 7,474 7,348 7,285 2.3

 Nondurable goods industries.................... 68,611 68,351 67,851 0.4 0.7 0.0 69,277 68,773 67,846 70,950 -2.4

 Food products.................................... 12,661 12,601 12,358 0.5 2.0 -1.5 12,405 12,551 12,334 11,683 6.2

 Beverage and tobacco products............. 4,567 4,617 4,647 -1.1 -0.6 -0.3 4,477 4,610 4,672 4,572 -2.1

 Textiles.............................................. 1,216 1,208 1,209 0.7 -0.1 0.1 1,247 1,232 1,216 1,262 -1.2

 Textile products.................................. 1,355 1,358 1,385 -0.2 -1.9 -0.6 1,362 1,343 1,378 1,427 -4.6

 Apparel............................................. 1,085 1,075 1,069 0.9 0.6 -0.6 1,092 1,082 1,064 1,145 -4.6

 Leather and allied products................... 262 262 263 0.0 -0.4 1.2 263 258 254 241 9.1

 Paper products.................................... 7,154 7,132 7,185 0.3 -0.7 -1.4 7,169 7,145 7,254 7,346 -2.4

 Printing ............................................. 3,019 3,050 3,077 -1.0 -0.9 -4.1 2,988 2,999 3,060 3,203 -6.7

 Petroleum and coal products................ 11,601 11,648 11,087 -0.4 5.1 2.0 12,413 12,060 10,883 14,169 -12.4

 Chemical products................................ 17,633 17,520 17,675 0.6 -0.9 1.1 17,806 17,595 17,776 17,805 0.0

 Plastics and rubber products.................. 8,058 7,880 7,896 2.3 -0.2 0.4 8,055 7,898 7,955 8,097 -0.5

WORK IN PROCESS

 All manufacturing industries..................... 147,718 146,748 146,069 0.7 0.5 0.2 148,309 147,481 145,413 137,011 8.2

 Durable goods industries........................ 110,919 110,369 109,478 0.5 0.8 -0.1 111,969 111,189 109,074 103,534 8.1

 Wood products................................... 2,273 2,278 2,267 -0.2 0.5 -0.2 2,287 2,285 2,266 2,528 -9.5

 Nonmetallic mineral products............... 1,365 1,367 1,359 -0.1 0.6 0.8 1,418 1,427 1,411 1,270 11.7

 Primary metals.................................... 9,998 10,058 10,052 -0.6 0.1 1.3 10,081 10,289 10,053 8,932 12.9

 Fabricated metal products..................... 11,669 11,665 11,470 0.0 1.7 -0.2 11,821 11,751 11,457 11,090 6.6

 Machinery.......................................... 14,238 14,188 14,163 0.4 0.2 -0.1 14,579 14,285 14,148 13,997 4.2

 Computers and electronic products ...... 16,608 16,323 16,668 1.7 -2.1 -3.3 16,890 16,363 16,191 16,416 2.9

 Electrical equipment, appliances,

 and components............................... 3,051 3,052 3,026 0.0 0.9 -0.3 3,148 3,148 3,041 2,958 6.4

 Transportation equipment..................... 47,151 46,944 45,920 0.4 2.2 1.4 47,135 47,105 45,959 41,550 13.4

 Furniture and related products............... 1,299 1,313 1,376 -1.1 -4.6 -6.4 1,303 1,315 1,370 1,584 -17.7

 Miscellaneous products........................ 3,267 3,181 3,177 2.7 0.1 -4.0 3,307 3,221 3,178 3,209 3.1

 Nondurable goods industries.................... 36,799 36,379 36,591 1.2 -0.6 1.2 36,340 36,292 36,339 33,477 8.6

 Food products.................................... 2,922 2,959 3,027 -1.3 -2.2 0.1 2,565 2,788 2,900 2,281 12.5

 Beverage and tobacco products............. 4,704 4,693 4,660 0.2 0.7 0.7 4,477 4,566 4,651 4,101 9.2

 Textiles.............................................. 841 856 866 -1.8 -1.2 -6.7 846 858 856 1,094 -22.7

 Textile products.................................. 525 533 535 -1.5 -0.4 -5.3 534 538 531 645 -17.2

 Apparel............................................. 636 636 649 0.0 -2.0 0.8 654 655 637 695 -5.9

 Leather and allied products................... 114 117 118 -2.6 -0.8 -3.3 115 120 121 130 -11.5

 Paper products.................................... 1,336 1,322 1,303 1.1 1.5 -0.8 1,352 1,330 1,300 1,366 -1.0

 Printing ............................................. 1,589 1,593 1,613 -0.3 -1.2 3.3 1,495 1,530 1,515 1,533 -2.5

 Petroleum and coal products................ 8,982 8,788 8,565 2.2 2.6 8.9 9,008 9,062 8,670 6,118 47.2

 Chemical products................................ 12,709 12,489 12,859 1.8 -2.9 -2.0 12,836 12,417 12,681 13,168 -2.5

 Plastics and rubber products.................. 2,441 2,393 2,396 2.0 -0.1 0.8 2,458 2,428 2,477 2,346 4.8

FINISHED GOODS

 All manufacturing industries..................... 190,955 190,520 190,004 0.2 0.3 0.3 193,939 192,288 189,783 187,862 3.2

 Durable goods industries........................ 94,143 94,374 94,663 -0.2 -0.3 0.2 96,179 95,934 95,085 91,470 5.1

 Wood products................................... 4,181 4,283 4,414 -2.4 -3.0 -1.7 4,394 4,588 4,727 4,958 -11.4

 Nonmetallic mineral products............... 5,997 6,000 6,032 -0.1 -0.5 -0.7 6,201 6,230 6,214 5,904 5.0

 Primary metals.................................... 9,313 9,427 9,262 -1.2 1.8 0.6 9,482 9,626 9,479 8,785 7.9

 Fabricated metal products..................... 13,737 13,706 13,827 0.2 -0.9 0.1 14,028 14,081 14,250 13,248 5.9

 Machinery.......................................... 16,921 16,661 16,545 1.6 0.7 -0.8 17,060 16,780 16,971 15,926 7.1

 Computers and electronic products ...... 10,279 10,688 10,818 -3.8 -1.2 2.2 10,431 10,824 10,373 9,950 4.8

 Electrical equipment, appliances,

 and components............................... 5,347 5,411 5,364 -1.2 0.9 -0.3 5,512 5,569 5,461 5,151 7.0

 Transportation equipment..................... 13,211 13,100 13,147 0.8 -0.4 0.6 13,710 13,193 12,657 13,358 2.6

 Furniture and related products............... 3,458 3,500 3,600 -1.2 -2.8 -1.5 3,557 3,476 3,476 3,427 3.8

 Miscellaneous products........................ 11,699 11,598 11,654 0.9 -0.5 1.4 11,804 11,567 11,477 10,763 9.7

 Nondurable goods industries.................... 96,812 96,146 95,341 0.7 0.8 0.3 97,760 96,354 94,698 96,392 1.4

 Food products.................................... 20,797 20,380 20,105 2.0 1.4 1.4 20,241 19,738 19,656 18,968 6.7

 Beverage and tobacco products............. 5,336 5,346 5,262 -0.2 1.6 1.1 5,317 5,508 5,392 5,352 -0.7

 Textiles.............................................. 1,681 1,713 1,758 -1.9 -2.6 -1.3 1,734 1,731 1,752 1,888 -8.2

 Textile products.................................. 1,654 1,591 1,577 4.0 0.9 -0.9 1,675 1,587 1,565 1,616 3.7

 Apparel............................................. 2,125 2,131 2,093 -0.3 1.8 0.0 2,125 2,058 1,999 2,322 -8.5

 Leather and allied products................... 530 521 518 1.7 0.6 -0.4 524 496 498 445 17.8

 Paper products.................................... 6,816 6,867 6,905 -0.7 -0.6 0.2 6,945 7,025 6,952 6,895 0.7

 Printing ............................................. 1,984 1,976 2,003 0.4 -1.3 0.0 2,000 1,959 1,945 1,848 8.2

 Petroleum and coal products................ 13,638 13,521 13,618 0.9 -0.7 -0.4 14,557 13,427 12,690 16,073 -9.4

 Chemical products................................ 32,374 32,251 31,652 0.4 1.9 0.0 32,503 32,605 31,997 30,914 5.1

 Plastics and rubber products.................. 9,877 9,849 9,850 0.3 0.0 0.3 10,139 10,220 10,252 10,071 0.7

p

 Preliminary r Revised

See note at end of Table 2 relating to survey error and revisions.
 8

Table 7. 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 ratio1

Industry May Apr Mar Feb May Apr Mar Feb

2007p 2007r 2007 2007 2007p 2007r 2007 2007

 All manufacturing industries2

...... 1.23 1.24 1.25 1.27 (X) (X) (X) (X)

Durable goods industries2

................... 1.46 1.46 1.49 1.51 4.86 4.85 4.80 4.81

 Wood products................................ 1.32 1.37 1.41 1.46 (X) (X) (X) (X)

 Nonmetallic mineral products........... 1.22 1.23 1.22 1.24 (X) (X) (X) (X)

 Primary metals................................. 1.52 1.55 1.59 1.62 1.37 1.40 1.38 1.41

 Fabricated metal products............... 1.59 1.60 1.63 1.63 2.23 2.23 2.26 2.28

 Machinery....................................... 1.82 1.80 1.85 1.91 3.23 3.19 3.29 3.34

 Computers and electronic products 2

.. 1.28 1.28 1.40 1.38 4.77 4.83 4.85 4.83

 Electrical equipment, appliances,

 and components............................. 1.32 1.29 1.31 1.35 2.39 2.30 2.30 2.34

 Transportation equipment................. 1.35 1.37 1.33 1.35 10.97 11.05 10.58 10.52

 Furniture and related products........... 1.25 1.26 1.25 1.29 1.32 1.27 1.19 1.21

 Miscellaneous products.................... 1.74 1.72 1.75 1.75 (X) (X) (X) (X)

Nondurable goods industries.............. 0.99 1.00 1.00 1.02 (X) (X) (X) (X)

 Food products................................... 0.78 0.77 0.77 0.77 (X) (X) (X) (X)

 Beverage and tobacco products......... 1.29 1.33 1.31 1.37 (X) (X) (X) (X)

 Textiles.......................................... 1.28 1.31 1.32 1.31 (X) (X) (X) (X)

 Textile products............................... 1.23 1.22 1.23 1.24 (X) (X) (X) (X)

 Apparel.......................................... 1.45 1.43 1.39 1.40 (X) (X) (X) (X)

 Leather and allied products............... 1.63 1.64 1.58 1.61 (X) (X) (X) (X)

 Paper products................................ 1.12 1.11 1.12 1.13 (X) (X) (X) (X)

 Printing.......................................... 0.78 0.78 0.78 0.80 (X) (X) (X) (X)

 Petroleum and coal products............ 0.79 0.82 0.78 0.85 (X) (X) (X) (X)

 Chemical products............................. 1.18 1.18 1.20 1.21 (X) (X) (X) (X)

 Plastics and rubber products.............. 1.17 1.16 1.18 1.20 (X) (X) (X) (X)

p

 Preliminary r Revised X Not Applicable

1

 Excludes the following industries with no unfilled orders: Wood products; nonmetallic mineral products; 

medical equipment and supplies; office supplies; other miscellaneous manufacturing; cutlery and handtools;

farm and garden machinery; computer storage and peripheral devices; audio and video equipment; manufacturing

and reproducing magnetic and optical media; batteries; automobiles; light trucks and utility vehicles; heavy duty

trucks; and miscellaneous furniture.

2 Unfilled orders to shipments ratio excludes semiconductor manufacturing.

May2 May2 May2 May2

Industry 2006- 2006- 2006- 2006-

May1 Apr May1 Apr May1 Apr May1 Apr

2007 2007 2007 2007 2007 2007 2007 2007

 All manufacturing industries.......... (X) 0.3 (X) 0.5 (X) 0.1 (X) 0.2

Durable goods industries...................... 0.1 0.3 0.4 0.5 0.1 0.1 -0.1 0.2

 Wood products................................... (X) 1.6 (X) (NA) (X) (NA) (X) 0.5

 Nonmetallic mineral products.............. (X) 0.5 (X) (NA) (X) (NA) (X) 0.2

 Primary metals.................................... 0.1 0.6 0.0 1.6 0.0 0.8 0.0 0.3

 Fabricated metal products................... -0.1 0.3 -0.1 0.7 0.0 0.3 -0.1 0.2

 Machinery.......................................... 0.2 0.4 0.2 1.1 0.0 0.4 0.0 0.3

 Computers and electronic products ..... 0.0 0.7 2.4 0.8 0.5 0.2 -0.4 0.3

 Electrical equipment, appliances,

 and components............................. 0.0 0.7 0.0 1.3 0.0 0.4 -0.2 0.3

 Transportation equipment................... 0.2 0.7 -0.1 1.5 -0.1 0.1 0.0 0.2

 Furniture and related products............. (X) 0.4 (X) 1.0 (X) 0.9 (X) 0.2

 Miscellaneous products...................... (X) 0.6 (X) 0.7 (X) 0.5 (X) 0.3

Nondurable goods industries.................. (X) 0.4 (X) (NA) (X) (NA) (X) 0.3

 Food products................................... (X) 0.5 (X) (NA) (X) (NA) (X) 0.3

 Beverage and tobacco products............ (X) 0.9 (X) (NA) (X) (NA) (X) 0.4

 Textiles............................................. (X) 0.8 (X) (NA) (X) (NA) (X) 0.7

 Textile products................................. (X) 0.9 (X) (NA) (X) (NA) (X) 0.3

 Apparel.............................................. (X) 1.1 (X) (NA) (X) (NA) (X) 1.3

 Leather and allied products.................. (X) 2.9 (X) (NA) (X) (NA) (X) 0.9

 Paper products................................... (X) 0.7 (X) (NA) (X) (NA) (X) 0.3

 Printing.............................................. (X) 0.5 (X) (NA) (X) (NA) (X) 0.3

 Petroleum and coal products............... (X) 1.0 (X) (NA) (X) (NA) (X) 1.1

 Chemical products................................ (X) 0.4 (X) (NA) (X) (NA) (X) 0.2

 Plastics and rubber products............... (X) 0.5 (X) (NA) (X) (NA) (X) 0.3

X Not Applicable NA Not Available

1

 The current month revisions are the difference between the advance percent change and the percent change as shown in this

 publication.

2

 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.

Table 8. Revisions to Previously Published Monthly Percent Changes

[Based on Seasonally Adjusted data]

Shipments New Orders Unfilled Orders Inventories
9

Survey Description 

This report is compiled from results of the U.S. Census Bureau’s Manufacturers’ Shipments, Inventories, and Orders 

(M3) survey. This survey provides statistics on manufacturers' value of shipments, new orders (net of cancellations), 

end-of-month order backlog (unfilled orders), end-of-month total inventory (at current cost or market value), and 

inventories by stage of fabrication (materials and supplies, work-in-process, and finished goods). The M3 includes 

approximately 4,200 reporting units. Units may be divisions of diversified large companies, large homogenous 

companies, or single-unit manufacturers in 89 industry categories. Due to the small monthly sample, these 89 

categories have been combined into 59 publication levels. The survey methodology assumes that the month-tomonth changes of the total operations of those companies in the monthly survey effectively represent the month-tomonth movements of all establishments that make up the category. The current coverage levels in the survey show 

that reported data in the monthly survey represent approximately 62 percent of the shipments estimates at the total 

manufacturing level. Data published represent manufacturing in a calendar month. The data collection is based on a 

voluntary survey authorized by Title 13 of the United States Code. 

The data presented in this release are based on data obtained from a panel of 4,200 reporting units and provide an 

indication of the activity within the manufacturing sector. The results differ from what would be obtained from a 

complete enumeration of all manufacturing companies. In addition, a different panel of 4,200 companies would 

yield different results. The M3 panel is comprised of companies with $500 million or more in shipments and a 

limited number of smaller companies. From a statistical perspective, the panel is not a probability sample; therefore, 

the sampling errors that are normally provided with sample surveys cannot be measured. Nonsampling errors are 

attributable to many sources. The use of company or divisional reports to estimate the monthly change for 

establishments is one source of nonsampling error. The use of primarily large companies to represent the month-tomonth movement of all companies is another potential source. Any corrections in the data will be released in the 

next month’s advance report. Any revisions made later than two months will be reflected in the annual benchmark 

publication. 

Additional survey documentation can be found on our web site: http://www.census.gov/m3.