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

Seasonally adjusted ‘Not seasonally adjusted

Industry Monthly Percent Change Monthly Percent

change

Feb. Jan. Dec.} Jan.-|_ Dec] Nov- Feb. Jan. Dec. Feb.} Feb.

1994" 1994" 1993] Feb. Jan.| Dec. 1994? 1994" 1993 1993] 94/93

All manufacturing industries .... . 379,973 | 378,908] 377,425 +03 +04 0.7} 381,389] 377,539] 370,419] 381,149 +0.1
Manufacturing industries

with unfilled orders... o 251,476 | 250,721} 249,207 +03 40.6 0.7} 251,598] 248,226} 242,681] 251,672 0.0

without defense capital goods ..... | 353,666] 352)324| 350.755] 404] +04 -0.5| 355,473} 351,773] 344,821] 352,118] — +1.0

Durable goods industries. .
With unfilled orders

238,660 | 238,172] 236,303 +0.2 +0.8
218,245 | 217,627} 216,003 +03 +08

239,659} 236,590] 230,853] 238,245 +0.6
218,452] 215,512] 210,533] 218,689 0.1

Stone, clay, and glass products .. . . 7,509 1,556 7,493 0.6] +08 7,109 7311 7,351 7,968 33
Primary metals . . sessss] 19,570] 19,487] 19,442] 40.4] +0.2 19,530] 19,459] 19,432] 19,370] +0.8
Blast furnaces, steel mills... 9,572] 9,550] 9,485] 40.2) —-+0.7 9,582 9,700 9,721 9,737 -16
Iron and steel foundries... . : 1,424 1,424 1,414 0.0 +0.7 1,451 1,426 1,389 1,423 42.0
Nonferrous and other primary
metals... : 8,574 8,513 8543] +0.7 04) 417 8,497 8,333 8,322 8210] +3.5
Fabricated metal products... 23,159] 23,048] 23,066] —-+0.5 O01} 40.1] 23,264] 22,994] 22,627] 23,299 02
Industrial machinery and equipment 46,913] 46,629] 46,158 +0.6 +10 +03] 47,305) 46,492] 44,946] 45,254 +45
Engines and turbines ......... 3,497 3,490 3441] +02] 9 +14 29] 3,416 3,305 3,089 3,426 03
Farm and garden machinery ... . . 2,456) 2,478] 2,474 0.9] +02 -19] 2,660 2,667 2577 2,489) +69
Construction, mining and
material handling equipment . . 5,583 5,622 5,594 0.7] +05 14 5,672 5,653 5,488 6,014 5.7
Metalworking machinery ....... 5,308 5,266 5230] +08] +07] +05 5,297 5,182 5,044 5274] +04
Computer and office equipment . . . 11,390] 11,176] 10,996] +19] +16] +22] 11,344] 11,004] 10,599] 9.870] +149
Electronic and other
electrical equipment ........... 34,732] 34,313} 33,625] +12] = +2.0 -0.6] 34,659] 33,834] 32,561] 31,731] +9.2
Electrical transmission and
distribution equipment and
industrial apparatus .. . . 4,236 4,247 4,159 0.3 42.1 2.9 4,216 4,161 4,022 4,349 3

Household appliances... .
Electric lighting and

wiring equipment ............ 2,976] 2,950] 2,915} +09] +12] +13] 2922] 2,850] 2,773] 2,809] +4.0
Household audio and

2,632 2,632 2,602 0.0 +12 +10 2,716 2,597 2,395 2,553 +6.4

video equipment . 1,034 1,026 1,037] +08 Ll] +07 993 979 971 1,023 2.9
Communications equipment 9,751 9,344 9076] +44] 43.0 -10 9,781 9,290 8,866 7,834] +24.9
Electronic components 10,931] 10,929] 10,638 00) +27 05} 10,865] 10,842] 10,458 9,766] +113

Transportation equipment . . . . - | 61,386] 61,904] 61,588 08} +05 25] 61,745] 61,375] 60,053] 66,727 -15
Motor vehicles and parts ........ 11,626 11,578 11,510 40.4 +0.6 +15 11,876 11,719 11,495 11,583 42.5

Aircraft, missiles,

space vehicles, and parts. 45,672 46,194 46,026 3.5 45,660 45,474 44,583 50,706 -10.0

Shipbuilding and tanks . . see 1,547 1,564 1,572 3.9 1,551 1,551 1,497 1,840]  -15.7
Instruments and related products . . 21,857} 21,887] 22,115 0.9] 21,693] 21,393] 21,411] 22,954] -5.5
Search and navigation equipment. 5,569] 5,645] 5,815 +02] 5,508] 5,456] 5,623] 6386] -13.7
Measuring and controlling devices . 6466] 6450] 6,482 08] 6 447| 6376] 6337] 6618] 2.6
Medical instruments and supplies : 6153] 6122] 6,155 -12] 6,110] 6,022} 6,020) 6,288] 2.8
Photographic goods ..... . 2,860 2,860 2,854 25 2,817 2,741 2,646 2,889 2.5
All other durable goods ......... 23,534| 23,348] 22,816 +04] 23,754] 23,472] 22,472] + 20,942] +13.4
Nondurable goods industries ....... | 141,313] 140,736] 141,122 -0.8} 141,730} 140,949] 139,566] 142,904] — -0.8
With unfilled orders . : -} 33,231] 33,094] 33,204, 0.2] 33,146] 32,714] 32,148] 32,983] +0.5
Food and kindred prodncts fevee 30,069} 30,077] 30,059 +04] 30,188] 30,600) 30,451] 29,995] +06

Meat products 3,270] 3,257] 3,209
Dairy products - : 2701] 2.714] 2,730
Beverages ..... 5365] 5,397] 5,347
All other foods, except fats and oils | 17/016 | 17/007] 17,100

Tobacco products 5.917] 6,028] 6,365

Textile mill products. 91649] 9,652} 9,470
Broadwoven fabrics and

43.1 3,326 3,207 3,052 3,041 49.4
08 2,596 2,633 2,553 2,617 0.8
0.2 5,338 5,394 5,353 5,239 +19
0.6 17,118 17,516 17,698 17,537 24
37 6,248 6,413 6,513 7,101 12.0
+0.7 9,767 9,594 8,984 9/220 +59

other textiles... 2... 5407] 5,394] 5,346] +02] +09) =40.6] 5,499] 5,420] 5,129] 5,326] $3.2
Paper and allied products. | 13,475] 13,394) 13,4871 +06 = 0.7] = -0.2] 13,621] 13,444] 13,366] 13,641 -0.1
Pulp, paper, and
paperboard mill products ...... 5,794 5,792 5,783 0.0 +0.2 03 5,881 5,849 5,758 5,669 43.7
Paperboard containers and boxes . 3,151 3,048} 3,102] 43.4] 17] 1.7] 3,192] 3,087] 3,139] 3,332) 4.2
Miscellaneous converted
Paper products ......... see 4530] 4,554] 4,602] -0.5 10] +09] 4,548] 4,508] 4,469] 4,640] -2.0
Chemicals and allied products ..... | 34,204] 33,991] 34,247] +06] 0.7] -0.8] 34,665} 34,189] 34091] 35,364]  -2.0
Industrial chemicals ........... | 16,290] 16,383] 16,634] -0.6| 1.5] -1.2] 16.534] 16,623] 16.717| 17.458 53
Drugs, soaps, and toiletries - | 13,541] 13,259) 13,293] 42.1 03] 07] 13,406] 13,002] 12.963} 13,227] +14
Petroleum and coal products 10,258] 9,986] 9875] 42.7) 41.1 “5. 9923} 9612] 9630] 11,247] -11.8
Rubber and plastics products... . 12,407] 12,302] 12.213] +09] = 40.7] 0.1] 12,572] 12,445] 12,239] 11.972] +50
All other nondurable goods ..... . 25,334| 25,306] 25,406] +0.1 04) = -11] 24,746] 24,652] 24.292] 24364] +16

* 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

300 300
New Orders
280 fF - - ------ 2 eer r rrr eee ee -s Shipments |—1 280
260 - - - -- 260
240 240
220 220
200 L 1 1 1 1 1 L 1 L 1 it L L 200
Feb Apr Jun Aug Oct Dec Feb Apr Jun Aug Oct Dec Feb
Feb. 1992 - Feb. 1994
Total Manufacturing
Ratio of Unfilled Orders and
Inventories to Shipments

V/S Ratios UO/S Ratios
2.5 4.3
2.4F----- or rrr rrr rt ttre vos {+4 4.2
23P------------ 22 rreeeeeere ee “ws t44.1
2.2 == 44
2.1 3.9

2 3.8
1.9 3.7
1.8 3.6
1.7 3.5
1.6 3.4

1.5
1.4
1.3
1.2

3.3
3.2
3.1

Feb Apr Jun Aug Oct Dec Feb Apr Jun Aug Oct Dec Feb
Feb. 1992 - Feb. 1994

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
Feb. Jan. Dec. | Jan | Dec. | Nov- Feb. Jan. Dec. Feb. | Feb.
1994” 194° 1993 | Feb. | Jan. | Dec. 1994” 194° 1993 1993 | 94/03
UNFILLED ORDERS
All manufacturing industries 444,972 | 446,233 | 441,947 03} +10 -0.8 | 448,074 | 447,135 | 438,358 | 478,551 64
Market categories :
Automotive equipment 1,945 1,950 1,931 03} +0] +43 1,992 1,968 1,902 1,690 | +179
Home goods and apparel 10,184 | 10,216 | 10,083 03 +13 +17 | 10,117 9,701 8,663 | 10,314 “19
Consumer staples sees 1,423 1,408 1426 | +11 “13 | +12 1,423 1,427 1.476 1416 +05
Machinery and equipment . . .. . 182,457 | 182,406 | 180,732 00] +09 -12 | 183,238 | 182,725 | 180,222 | 196,651 68
Business supplies . a 5,425 5,399 5,428 40.5 -0.5 02 5,433 5,314 5,368 5,841 -7.0
Construction materials
and supplies 14,177 | 14,179 | 14,181 0.0 00} -12 | 14,176 | 13,956 | 13,876 | 15,109 6.2
Defense products 109,699 | 110,885 | 109,927 ‘ll | +09 -13 | 110,597 | 112,397 | 110,908 | 122,709 99
Other materials, supplies and
and intermediate products . . . 119,662 | 119,790 | 118,239 0.1 413 +0.2 | 121,098 | 119,647 | 115,943 | 124,821 3.0
Durable goods industries :
Nondefense capital goods > . . 199,908 | 199,429 | 197,576 | +02] +09 | -0.9 | 200,963 | 200,098 | 197,337 | 215,825 69
Excluding aircraft and parts 77,517 | 76,690 | 75,897 +11 +1.0 42.1 78,572 | 77,359 | 75,658 72,102 +9.0
Defense capital goods * see 115,623 | 116,937 | 116,434 : +04 -1.1 | 116,409 | 118,322 | 117,138 } 129,415 | -10.0
Durables excluding capital goods 107,124 | 107,762 | 106,278 06] +14] -0.5 | 108,656 | 107,321 | 103,152 | 110,356 -15
Miscellaneous series :
Producers’ durable equipment . 209,767 | 209,918 | 207,774 0.1} +10 -1.0 | 211,003 | 210,399 | 206,143 | 220,416 43
Household durable goods . . 5,618 5,685 5,738 12 0.9 +18 5,636 5,501 4,835 5,436 43.7
Information technology industries 32,422 | 32,329 | 32416 | +03] -03 -0.6 | 32,300 | 32,104 | 32,086 | 31,475 426
Health care equipment
and products... ........ 7,415 7,654 | 7,486 234 +22 41 7,474 | 7,653 7,485 3488] -119
TOTAL INVENTORIES
All manufacturing industries 379,973 | 378,908 | 377,425 | +03] +04 |  -0.7 | 381,389 | 377,530 | 370,419 | 381,149 +0.1
Market categories :
Automotive equipment ......... 6,080 | 6,107 | 6,075 04] +05] +03 6309 | 6,209 | 6,011 6,332 -04
Home goods and apparel 30,725 } 30,616 | 30,405 | +04] +07] 04] 30,490 | 30,255 | 29,136 | 28816 45.8
Consumer staples tees 57,353 | 57,248 | 57,659} +405] -07 -09 | 57,509 | 57,468 | 57,474 | 59,050 2.6
Machinery and equipment . - | 89,063 | 88,659 | 87,804] +05] +10 -1.0 | 89,785 | 88,055 | 85,305 | 88.776 +11
Business supplies ............. 21,128 | 20,999 | 21.033 +06 0.2 0.6 | 21,062 | 20,650 | 20,385 | 21.470 -19
Construction materials
and supplies. 24,492 | 24,421 | 23,914 | 403] 421 0.0 | 24,733 | 24,339 | 23,308 | 23,081 47.2
Defense products 24,989 | 25,276 | 25,329 “11 02 “34 | 24,691 | 24,602 | 24,446 | 27,424 | -100
Other materials, supplies and
and intermediate products ..... . 125,943 | 125,582 | 125,206 +03] +03 0.2 | 126,810 | 125,961 | 124,264 | 126,200 40.5
Durable goods industries :
Nondefense capital goods >... . 83,623 | 83,270 | 82,351 | +04] +11 0.9 | 84,106 | 82,623 | 79,937 | 83,559 +0.7
Excluding aircraft and parts. 57,754 | 57,086 | 56,351 +12 +13 0.0 | 57,881 56,456 | 54,501 54,343 46.5
Defense capital goods * = 26,307 | 26,584 | 26,670 -1.0 03 3.4 | 25,916 | 25,766 | 25,598 | 29,031 -10.7
Durables excluding capital goods 128,730 | 128,318 | 127,282 | +03 | +08] +01 | 129.637 | 128201 | 1253318 | 125,655 43.2
Miscellaneous series :
Producers’ durable equipment . 143,957 | 143,019 | 141,833 +0.7 | +08 -0.5 | 144,862 | 142,180 | 138,281 | 142,138 +19
Household durable goods .. . . 13,726 13,551 13,453 +13 +0.7 02 13,704 13,427 12,884 12,785 +72
Information technology industries 31,296 | 30,678 | 30,347 +2.0 +11 0.0 | 31,206 | 30,200 | 29,335 | 28,310 +10.2
Health care equipment
and products ............ 13,506 | 13,323 | 13372] +14] 04 -0.9 | 13,392 | 13,088 | 13,061 | 13,468 -0.6

See footnotes at end of table 5.

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


Table 5. VALUE OF MANUFACTURERS’

FOR TOPICAL SERIES'
(Millions of dollars)

SHIPMENTS AND NEW ORDERS

Seasonally adjusted

Not seasonally adjusted *

Monthly Percent Change Monthly Percent Year to date
Industry change
Feb. Jan. Dec. | Jan.- | Dec.-} Nov.- Feb. Jan. Dec. Feb. Feb.
1994? 1994" 1993 | Feb. Jan.| Dec.| 1994" 1994" 1993 1993 | 94/93 1994” 1993
SHIPMENTS
All manufacturing industries ..... 271,175] 268,330] 269,722) +1.1 0.5] +1.6) 267,734) 241,178} 262,967) 252,299 +6.1} 508,912) 479,080
Market categories :
Automotive equipment 14,045} 13,832} 13,519) +15] +2.3)  +4.7) 14,797] 12,525] 11,521] 12,609) +17.4 27,322] 23,108
Home goods and apparel 18,123} 17,953] 17,967] +0.9) -0.1 0.9] 18,186] 15,581] 15,339] 17,325) +5.0 33,767) 32,315
Consumer staples 58,353] 57,684} $7,752) +1.2) 0.1] +1.8} 56,023] 52,830] 57,729] 54,389) +3.0} 108,853] 106,580
Machinery and equipment 48,042) 46,676] 48,700] +29] -4.2| +4.3] 47,026] 40,000] 52,955] 41,500] +13.3] 87,026] 77,594
Business supplies ............ 19,910} 19,691] 19,525] +1.1] +09} +0.2} 19,592] 18,146] 18,880] 19,174) 42.2 37,738] 37,008
Construction materials
and supplies 17,319} 17,330) 17,669] -0.1 -19{ +14) 16,453) 14,963} 15,842] 15,709) 44.7 31,416} 29,247
Defense products . 7269) 7.579] 6,935] -4.1] +93} -6.3| 6,985] 6220] 8261] 7,574] -7.8] 13,205] 13,859
Other materials, supplies and
and intermediate products . 88,114] 87,585] 87,655] +0.6] 0.1] +1.0] 88,672] 80,913] 82,440] 84,019] +5.5] 169,585} 159,369
Durable goods industries :
Nondefense capital goods* ..... . 35,811] 34,777) 36,946) +3.0) -5.9] +4.6] 34,204] 28,889) 43,100) 30,605) +11.8 63,093] 56,856
Excluding aircraft and parts 31,083} 29,614} 31,289} +5.0) -5Al +2.3} 29,737] 24,937] 35,927) 25,399] +17.1 54,674] 47,325
Defense capital goods‘ .... . 6881] 7,235] 6,514] -4.9) +11.1}  -7.2) 6,552| 5,809} 8,091} 7,365] -11.0] 12,361] 13,352
Durables excluding capital goods 103,479] 102,697} 102,722) +08 0.0| +2.4] 104,617] 92,964) 93,733] 94,572] +10.6] 197,581] 176,606
Miscellaneous series :
Producers’ durable equipment 94,857] 93,098] 94,637} +1.9} 1.6] +3.2| 94,841] 82,026] 95,169] 83,965] +13.0] 176,867] 156,695
Household durable goods . . . 7,691 7,644) 7,775} +0.6} -1.7] +08] 7,576] 6,561 7,156) 7,226) +48 14,137) 13,422
Information technology industries 16,856] 16,467] 17,154) +2.4] 40] +43) 15,514] 13,520] 21,299) 13,340] +163 29,034] 24,950
Health care equipment
and products ...... 8,316) 8,250] 8,769) +0.8) 5.9] 42.4) 8,156} 7,941 9,034) 7,905) 43.2 16,097] 15,689
NEW ORDERS
All manufacturing industries ..... 269,914] 272,616] 266,351 -1.0] +24]  +1.4] 268,673] 249,955] 260,358] 254,237) +5.7| 518,628) 485,445
Market categories :
‘Automotive equipment 14,040} 13,851] 13,598] +14] +19] +4.8| 14,821] 12,591] 11,574] 12,646] +17.2] 27,412] 23,213
Home goods and apparel 18,091] 18,086] 18,134) 0.0} -0.3) -0.4) 18,602) 16,620] 15,062] 17,954) +3.6} 35,222] 34,038
Consumer staples 58,369] 57,667) 57,769} +1.2] 0.2] +1.8) 56,019] 52,781] 57,806] 54,393 +3.0| 108,800) 106,557
Machinery and equipment 48,092] 48,350) 46,457} -0.5] +4.1) +04] 47,539) 42,502] 50,548] 42,641) +11.5 90,041} 76,740
Business supplies .... . . 19,936] 19,663] 19,514] +14] +0.8} +04} 19,711] 18,092] 18,954] 19,273] +23) 37,803] 37,161
Construction materials
and supplies 17,317) 17,329) 17,503] -0.1 1 +0.2| 16,673] 15,044} 15,738] 16,192 +3.0 31,717] 30,029
Defense products . 6,084) 8,537] 5,476] -28.7) +55.9} +14) 5,185) 7,708} 8,079) 5,626) 718 12,893] 13,232
Other materials, supplies and
and intermediate products .... . 87,985] 89,133] 87,900] -1.3] +14] +1.9] 90,123] 84,617) 82,597) 85,512] +5.4] 174,740] 164,475
Durable goods industries :
Nondefense capital goods * . . . 36,290] 36,630] 35,059] -0.9} +4.5] +0.5] 35,069) 31,650] 41,014) 31,526) +11.2 66,719] 55,497
Excluding aircraft and parts 31,910] 30,407) 32,867] +4.9) -7.5|  +5.7] 30,950] 26,638] 37,307] 26,092) +18.6 57,588] 49,167
Defense capital goods‘ .... 5,567| 7,738] 5,239] -28.1] +47.7] +13] 4,639] 6,993] 7,951] 5,502) -15.7| 11,632] 12,987
Durables excluding capital goods 102,841] 104,181} 102,183} -1.3) +2. +2.6] 105,952] 97,133] 93,130] 97,039) +9.2| 203,085] 183,801
Miscellaneous series :
Producers’ durable equipment . . 94,706| 95,242) 92,531] -0.6] +29, +0.8) 95,445 86,282] 92,472] 85,951] +11.0] 181,727] 158,737
Household durable goods 7624] 7,591] 7,875] +04] 3.6) +15] 7,711] 7,227] 6,948] 7,495] +29] 14,938] 14,432
Information technology industries 16,949} 16,380] 16,952) +3.5) 3.4) ~-1.8] 15,710] 13,538] 20,586] 13,854) +13.4 29,248} 25,309
Health care equipment
and products ..... 8,137] 8,419) 8,451 33 0.4) +02) 7,977) 8,108) 8,714) 7,671 +4.0 16,085} 15,726

” 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, mininy i
handling equipment; metalworking machinery; special industry machinery; general industrial machinery; computer and office equipment; refrigeration, heating and service
industry machinery; electrical transmission and distribution equipment; electrical industrial apparatus; communications equipment; aircraft, missiles, space vehicles, and engines

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

* Defense capital goods industries include : ordnance and accessories; communications equipment; aircraft, missiles, space vehicles, and engines and parts; ships, tanks
and tank components; and search and navigation equipment.

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

ig, and material


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

Inventory / Shipments ratio Unfilled Orders / Shipments ratio®
Industry Feb. Jan, Dec. Nov. Feb. Jan Dec, Nov.
1994 194" 1993 1993 1994? 1994" 1993 1993
All manufacturing industries... . 140 141 1.40 143 3.07 3.11 3.04 3.12
Durable goods industries ......... 1.63 1.65 1.62 1.67 3.68 3.23 3.65 3.75
Stone, clay, and glass products... . 119 121 117 121 1.26 1.26 121 124
Primary metals... . vente 1.62 165 161 1.63 188 192 1:86 1.89
Fabricated metal products 222. |: | 158 154 1:56 158 144 1.43 148 151
Industrial machinery and equipment 178 1:86 1:76 179 221 229 214 218
Electronic and other
electrical equipment . . 1.63 1.63 1.60 1.65 217 220 215 2.22
Transportation equipment . 1.58 159 161 172 11:46 11:23 11.27 11.69
Instruments and related product 2.02 2.03 2.00 2102 4.61 471 461 472
Nondurable goods industries ........ 113 114 1.14 1.16 0.74 0.74 0.72 0.72
Food and Kindred products |. |). || 0.85 0.86 0.84 0.85 (x) (x) &) (xX)
Tobacco products ........ 1.79 1.78 2142 2:86 &) (x) &) (&)
Textile mill products : 1.60 1.65 1.61 161 (NA) (NA) (NA) (NA)
Paper and allied products | | | 124 126 126 1.25 (NA) (NA) (NA) (NA)
Chemicals and allied products 129 128 1.28 129 &) & & (X)
Petroleum and coal products 0.89 0.90 0:90 0.93 & (x) &) &)
Rubber and plastics products 1.40 139 136 137 &) &) &) &)

” Preliminary. ' Revised, (X) Not applicable. (NA) Not available

{Excludes the following industries with no unfilled orders : Wood and lumber products; glass containers; metal cans, barrels and drums; farm and garden machinery;
motor vehicle assembly operations, other transportation equipment; foods and related products; tobacco; knitting mill products; apparel and related products; chemicals
Petroleum and coal products; and rubber and plastics products.

Table 9. REVISIONS TO PREVIOUSLY PUBLISHED MONTHLY PERCENT CHANGES
(Based on seasonally adjusted data)

Shipments New orders Unfilled orders Inventories
Industry
Feb. Feb. Feb. Feb.
Feb? |  1993- Feb? | 1993- Feb? | 1993- Feb? | 1993-
Feb. | 1989-} Jan. | Feb.' | 1989-] Jan. | Feb! | 1989-] Jan. | Feb} 1980-| Jan,
1994 | 1993 | 1994] 1994] 1993] 1994] 1994] 1993] 1994] 1994] i993 | 1904
All manufacturing industries... . . os) 01 02 ~ 02 02 () 0.0 0.1 &) 0.0 0.1
Durable goods industries... . . . 0.0 0.1 03 -0.1 0.2 03 0.0 0.1 0.1 (x) 0.0 0.1
Stone, clay, and glass products &) ol 04 &) 07 Ll (x) 06 07 () 02 01
Primary metals ....... rene 0.0 0.2 03 0.8 04 08 0.6 02 03 (xX) 0.0 01
Fabricated metal products 22... //] (x) 04 03 ) 06 03 &) 02 03 &) 02 04
Industrial machinery and equipment 0.5 0.2 0.5 0.6 02 0.5 0.1 01 01 (xX) 0.0 01
Electronic and other

electrical equipment ........... 03 02 03 02 04 os} 0.1 0.1 02 rea) 01 0.0
Transportation equipment . . . . . me 03 03 05 06 04 08 01 0.0 0.1 &) 01 0.1
Instruments and related products... . (xX) 0.1 0.2 (xX) 0.7 18 (x) 0.2 04 (xX) 0.2 0.2
Nondurable goods industries . . . . & 0.2 0.2 (X) 0.2 0.1 (Xx) 0.2 03 & 0.0 Ol
Food and kindred products &) Ol 02 (x) (x) (x) (x) (es) (&) ) 0.1 0.1
Tobacco products... . . &) 04 02 &) (x) (X) &) ie &) &) 1 01
Textile mill products . . . &) 03 03 (| (NA) | (NA) &] (NA) | (NA) (X) 02 02
Paper and allied products . . . &) 03 03 ¢ (NA) |} (NA) | (NA) | (NA) &) 03 o1
Chemicals and allied products (xX) 0.2 0.2 (X) (xX) (X) (xX) (x) & (X) 02 0.1
Petroleum and coal products &) 0.6 04 (x) &) (x) &) x) (X) 04 03
Rubber and plastics products (x) 02 03 (x) (Xx) (X) (Xx) (x) (Xx) (x) 02 0.2

Capital goods industries :
Nondefense .................. 0.0 0.1 0.5 03 04 0.8 0.1 0.0 0.1 (X) 0.1 0.1
Defense . . 0.1 03 04 25 12 438 02 0.0 03 ) 0.0 ou

(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

ow
NF

ores &

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

Manufacturers’ Shipments,

Inventories, and Orders

February 1994
M3-1-(94)-02
For Wire Transmissions 10:00 a.m. E.S.T. March 30, 1994

Steve Andrews or Kathy Menth
(301) 763-2502 or (301)763-2575

Summary

New orders for manufactured goods in February
decreased $2.7 billion or 1.0 percent to $269.9 billion, the
Department of Commerce, Bureau of the Census reported
. This is the first decline since July and follows a 2.4
percent January increase. A decline in durables more than
offset an increase in nondurables.

Shipments increased $2.8 billion or 1.1 percent to
$271.2 billion, following a 0.5 percent decrease tn January.
This is the sixth increase in he last seven months. Both
durables and nondurables increased.

Unfilled orders decreased $1.3 billion or 0.3 percent to
$445.0 billion, the eleventh decline in the last twelve months.
The unfilled orders-to-shipments ratio decreased from 3.11
in January to 3.07 in February.

Inventories increased $1.1 billion or 0.3 percent to
$380.0 billion, the second consecutive increase. Both
durables and nondurables increased. The inventories-to-
shipments ratio decreased from 1.41 in January to 1.40 in
February.

New Orders

New orders for durable goods in February decreased
$3.9 billion or 2.6 percent to $144.7 billion, the first decline
since July. This follows a 4.3 percent increase in January.
Transportation equipment had. the largest decrease, down
$3.5 billion or 8.6 percent to $37.8 billion, due to aircraft
and parts. This follows four consecutive monthly increases.
Excluding transportation equipment, new orders decreased
$0.3 billion or 0.3 percent, the first decline since May.
Following two consecutive monthly increases, electronic and
other electrical equipment decreased $1.2 billion or 5.4
percent to $21.1 billion, as a decline in electronic
components more than offset an increase in communications
equipment. Industrial machinery and equipment, up seven
of the last eight months, had the largest increase, up $1.1
billion or 4.1 percent to $26.9 billion, with increases in nearly
all categories.

New orders for nondurable goods increased $1.1 billion
or 0.9 Percent to $125.2 billion, primarily due to food and
kindred products and petroleum and coal products. This
follows a 0.2 percent increase in January and is the fourth
consecutive monthly increase.

Shipments

Shipments of durable goods in February increased $1.5
billion or 1.0 percent to $146.2 billion, following a 1.0
percent decline in January. This is the sixth increase in the
last seven months. Industrial machinery and equipment, up
three of the last four months, had the largest increase, up
$1.3 billion or 5.0 percent to $26.3 billion, with increases in

rable for March is
Superintendent of Documents, U.S. Government Printin;

for April 27, 1954 at 8:50 am.
Office, Washington, DC 20402.

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

nearly all categories. Primary metals, also up three of the
last four months, increased $0.3 billion or 2.7 percent to
$12.1 billion. Transportation equipment, down for the first
time since July, decreased $0.2 billion or 0.4 percent to $38.9
billion, due to aircraft and parts.

Shipments of nondurable goods increased $1.4 billion
or 1.1 percent to $125.0 billion, following a 0.1 percent
increase in January. This is the fourth consecutive monthly
increase. All major groups increased oxcept tobacco
products and chemicals and allied products. The largest
increases were in food and kindred products, up $0.5 billion
or 1.5 percent to $35.6 billion, and petroleum and coal

roducts, up $0.5 billion or 4.3 percent to $11.5 billion.
Textile mill products and paper and allied products each
increased $0.2 billion.

Unfilled Orders

Unfilled orders for durable goods in February
decreased $1.5 billion or 0.3 percent to $422.7 billion,
following a 0.9 percent increase in January. This is the
eleventh decline in the last twelve months. Transportation
equipment, down twenty-one of the last twenty-two months,
had the largest decrease, down $1.1 billion or 0.5 percent to
$214.5 billion, due to aircraft and parts and shipbuilding and
tanks. Instruments and related products, down for the tenth
consecutive month, declined $0.6 billion or 1.2 percent to
$50.0 billion, primarily due to search and navigation
equipment. Tadustrial machinery and equipment, up for the
eighth consecutive month, had the largest increase, up $0.6
billion or 1.1 percent to $54.5 billion, with increases in nearly
all categories. Unfilled orders for nondurable goods
increased $0.2 billion or 1.0 percent to $22.3 billion, the
fourth monthly increase in a row.

Inventories

Inventories for durable goods in February increased
$0.5 billion or 0.2 percent to B87 billion, following a 0.8
percent increase in January. Electronic and other electrical
equipment, up seven of the last eight months, had the largest
increase, up $0.4 billion or 1.2 percent to $34.7 billion.
Industrial machinery and equipment increased $0.3 billion or
0.6 percent to $46.9 billion, the eleventh consecutive monthly
increase. Transportation equipment had the largest
decrease, down $0.5 billion or 0.8 percent to $61.4 billion,
due to aircraft and parts. Nondurable goods inventories, up
for the first time since August, increased $0.6 billion or 0.4
percent to $141.3 billion, primarily due to petroleum and
coal products and chemicals and allied products.

By stage of fabrication, finished goods increased 0.8
percent in durables and 0.8 percent in nondurables. Work
in process decreased 0.7 percent in durables and 0.1 percent
in nondurables. Materials and supplies increased 0.9
percent in durables and 0.2 percent in nondurables.

fall report on FOO am.
report is also available the day of issue through the Department

of Commerce's online Economic Bulletin Board (N-8-1) (202-482-3870) and through the Census Bureau's online information scrvice~CENDATA. CENDATA
is available from Dialog Information Services, Inc. (1-800-334-2564) and CompuScrve (1-800-848-8199). ‘The CENDATA staff at the Bureau of the Census (301-

763-2074) can provide content information and general guidance.


Nondefense Capital Goods 11
New Orders and Shipments

Three Month Moving Averages
Billions of Dollars

Feb Apr Jun Aug Oct Dec Feb Apr Jun Aug Oct Dec Feb
Feb. 1992-Feb. 1994

Defense Capital Goods

New Orders and Shipments

Three Month Moving Averages
Billions of Dollars

11 11

5
Feb Apr Jun Aug Oct Dec Feb Apr Jun Aug Oct Dec Feb
Feb. 1992 - Feb. 1994

Note: All Charts based on seasonally
adjusted current dollars.


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

BY INDUSTRY GROUP
(Millions of dollars)

Seasonally adjusted

Not seasonally adjusted

Industry Monthly Percent Change Monthly Percent
change
Feb. Jan, Dec. | Jan- | Dec- | Nov.- Feb, Jan. Dec. Feb. | Feb.
1994" | 1994" 1993 | Feb. | Jan. | Dec. 1994? | 1994" 1993 1993 | 94/93
MATERIALS AND SUPPLIES
All manufacturing industries 120,326 | 119,591 | 120,300 | +06 120,713 | 120,743 | 121,135 | 120,507 +02
Durable goods industries : 68,800 | 68,157 | 68,434 | +09 68,991 | 68,743 | 68,607 | 68,012
Stone, Clay, and glass Products : 2541 | 21551 | 2:513 -0.4 2555 | 2:577 | 21540 | 2,478
Primary metals. . . 51356 | 51837 | 3964. | +03 S741 | 53920 | 6.246 | 6,121
Fabricated metal products 77345 | 7,808 | 81085 | +05 rad. | 7,886 | 8,260 | 7,891
Industrial machinery and equipment 14506 | 14151 | 14247 | 425 14688 | 14354 | 14/051 | 14,286
Electronic and other
electrical equipment 11,057 | 10,855 | 10,513 | +19 11,078 | 10,869 | 10,430 | 10,263
Transportation equipment - 10986 | 11,019 | 11,208 -03 11031 | 10984 | 11,132 | 12,036
Instruments and related products 6.716 | 6,711 | 6,783 | +0.1 6,707 :709 | 6,639 | 6,797
Lumber, furniture and
miscellaneous durable goods 9293 | 9225 | 9,121 | +07 9350 | 9444 | 9,309 | 8,140
Nondurable goods industries 51,526 | 51,434 | 51,866 | +02 51,722 | 52,000 | 52,528 | 52,495
Food and kindred products 9916 | 10,014 | 10,064 | — -1.0 10,007 | 10,323 | 10,289 | 10,172
Tobacco products . . 5,087 | 5,103 | 5214] -03, 5,366 | 5,485 545 | 5,523
Textile mill products: : 2665 | 2660 | 2,671 | +02 2711 | 2,658 | 2,619 | 2,679
Paper and allied products 6612 | 6584] 6712 | +04 6631 | 6,642 | 6.775 | 6,747
Chemicals and allied products 11.235 | 11.228 | 11285 | +0. 11231 | 11238 | 11287 | 11,488
Petroleum and coal products 3/003 "89. 2878 | 43.8 "903 | 2.747 | 2914 3187
Rubber and plastics products - 4535 | 4.473. | 4392 | +14 4506 | 4492 | 41534] 4,320
Apparel, printing, and publishing
and leather goods . . . 8473 | 8478 | 8,650] -0.1 8367 | 8415 | 8,565 | 8,379
WORK IN PROCESS
All manufacturing industries 128,397 | 129,119 | 128,705 0.6} +03 | -07 | 128,312 | 127,625 | 124,856 | 129,913 “12
Durable goods industries... ... 105,079 | 105,770 | 105,358 | -0.7| +04 | -0.7 | 105,026 | 104,307 | 102,121 | 106,826 “17
Stone, clay, and glass products “065 1055 | 1,026 | +09 ; 092 1,030 969 | 11167 64
Primary metals”... 7342 | 7317 | 7273 | +03 7352 | 77230 | 7,116 | 7,158 427
Fabricated metal products. 7506 | 7497 | 7,421 | +0.1 7571 | 7512 | 7,162 | 7,673 -13
Industrial machinery and equipment | 18,460 | 18,675 | 18,533 | -1.2 181174 | 18234 | 17,835 | 17,191 45.7
Electronic and other
clectrical equipment . . 14316 | 14,206 | 13,990 | +08 14,344 | 14,053 | 13,485 | 13,424 +69
Transportation equipment . 42309 | 43,015 | 42/928 “16 42484 | 42577 | 41:818 | 45,886 “14
Instruments and related products g144 | 9191 | 91372 05 90st | 8/904 | 91033 | 10,085 | -103
Lumber, furniture and
miscellaneous durable goods 4937 | 4814] 4gis | +26 oo | +16] 4958] 4,767 | 4,703 242 | +169
Nondurable goods industries . . . 23,318 | 23,349] 23347] 0.1 oo | -06 | 23,286 | 23,318 | 22,735 | 23,087 | +09
Food and kindred products - 3/974 7053 | 4080 | -19] 0.7] +09} 4,030 | 4,251 "289 | 3,776 | +6.7
Tobacco products ....... 161 163 163 | -12 00} 94 173 180 162 160 | +81
Textile mill products 2222222 2,620 | 2,647 | 2,606} -10} +16] +16] 2,629 | 2,621 | 2493 | 2,417 +88
Paper and allied products W162} Liz} 11s2] 09) 08} +03) L171 L171 1,169 | 1,251 64
Chemicals and allied products 51653 | 51518} 51794] +24] 48] +09] 5674] 5,501 53633 | 5,732 -10
Petroleum and coal products 2281 | 2252 | 2063 | +13] +92] -98 | 2201 | 2154) 1941] 2674 | 177
Rubber and plastics products: 772 | 1:784 | 1,787 07} 02] +11 1792 | 1827 | 1,777 1690 | +6.0
Apparel, printing and publishing
and leather goods .........--. 3695 | 5,760] 5672} li] +16] 0.7] 5,616 | 5,613 | 5,271 5,387 +43
FINISHED GOODS
All manufacturing industries 131,250 | 130,198 | 128,420] +08] +14 132,364 | 129,171 | 124,428 | 130,729 | +13
Durable goods industries. . 64,781 | 64,245 | 62,511 | +08] +28 65,642 | 63,540 | 60,125 | 63,407 | +3.5
Stone, clay, and glass Products ! 7903 | 3,950} 3,954] 12] 01 4,062 9 3/842 | 4)323 -6.0
Primary metals... 6372 | 6333 | 6205 | +06] +21 6,437 | 6309 | 6070 | 6,091 45.7
Fabricated metal products 7308 | 7,743 | 7/560 | +08] +24 7,852 | 7:596 | 7,205 735 +15
Industrial machinery and equipment | 13,947 } 13,803 | 13,378 | +10] +32 14443 | 13,904 | 13,060 | 13,777 +48
Electronic and other
clectrical equipment . 9359 | 9252] 9,122 | +12] +14 9237 | g912 | gets | 8044) +148
Transportation equipment - 8.091 | 7870] 7,452] +28] +56 8230 | 7,814] 7,103 | 8,805
Instruments and related products . 5997 | 598s | 3960 | +02] +04 51935 | 5,780 | 5,739 | 6,072 33
Lumber, furniture and
miscellaneous durable goods . . 9304 | 9309 | 8880} -01] +48] +407] 9,446] 9,261 | 8460] 8,560 } +104
Nondurable goods industries . .. . 66,469 | 65,953 | 65,909} +08] +01 | -08 | 66,722 | 65,631 | 64,303 | 67,322 09
Food and kindred products 16.179 | 16010 } 15915} +11] +06] -01 | 16,151 | 16,026 | 15,873 | 16,047 40.6
Tobacco products . 665 762 988 | -122] 229] -86 709 748 806 | 1418 |  -50.0
Textile mill products: |: ! 4364 | 4345 | 4193 | +04] 436] +10] 4427] 4315] 3872 | 4124 +73
Paper and allied products . 3701 | 5,638 | 5593 | +11] +08] +402] 5819 | 5.631 53422 | 5,643 43:1
Chemicals and allied products 17316 | 17245 | 17168] +04] +04] -12 | 17,760 | 17,450] 17,171 | 18,144 2.1
Petroleum and coal products 4974 | 4’840 | 4934 | 428] -19} 33] 4igi9 | 471 | 4,775 | 5,386 | 10.5
Rubber and plastics products |... | 6,100 | 6,045 | 6,034} +09} +02 00 | 6274 | 6126 | 51928 | 5962 | +5.2
Apparel, printing and publishing
and leather goods . . 11,166 | 11,068 | 11084} +09} -o1 | -12 | 10,763 | 10,624 | 10,456 | 10,598 | +16

” Preliminary. ‘ Revised.

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


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

(Millions of dollars)

Seasonally adjusted

Not seasonally adjusted

Industry Monthly Percent Change Monthly Percent
change
Feb. Jan. Dec.| Jan-|  Dec-| Nov Feb. Jan. Dec. Feb. Feb.
1994" 194° 1993] Feb. Jan.} Dee. 1994” 1994" 1993 1993] 94/93
All manufacturing industries . . 444,972 | 446,233 | 441,947 03} +10 -0.8| 448,074] 447,135] 438,358] 478,551 64
Manufacturing industries
without defense capital goods . . 329,349] 329,296] 325,513 00, +12 -0.6| 331,665] 328,813] 321,220] 349,136 “5.0
Durable goods industries 422,655} 424,128] 420,288 03] +09] 0.9] 426,028] 425,741} 417,627] 455,596 65
Stone, clay, a and glass products . . . 7,426 7,347 1,236 +11 41S 40.6 7,274 6,900 6,819 7,004
Primary metal: : 22,754] 22,670] 22,421] 40.4] +11] 40.1] 23,568] 22,785] 21,548] 23,734
Blast furnaces, steel mills . . 10,291] 10,277] 10,249} +01] = +03 -14| 10,857] 10316} = 9.712] 10,869
Iron and stee! foundries 3,202] 3,135 3095} +21] +13 1 3,218] 3,234] 3,043 2,926
‘Nonferrous and other primary
metals... 9,261 9,258] 9,077 oo] +20) +19] 9,493] 9,235 8,793 9,939 45
Fabricated metal products - | 19,676] 19,836} — 20,105 08 -13 -0.7| 19.936] 20,070] 20,046] 23,066] —-13.6
Industrial machinery and equipment - | 54531] 53,940] 53,166] +11] +15] +10] 55,644] 54,679] 52,978] 51,726] +7.6
Engines and turbines 9972) 9887] 9841] +09] +05 -17] 10,065] 10,132] 10,139 9,803) +2.7
Construction, mining and
material handling equipment . . 5,918 5,801 5,816 +20 03 0.0 6,125 5,926 5,791 5,908 43.7
Metalworking machinery + 8,066 7859| 7,335] +26) +71) +56] 8066] 7859] 7,335 7161] +126
Computer and office equipment . 7,388| 7,553 7,564 22 -0.1 10} 7,277] 7,343 7251 7,619 45
Electronic and other
electrical equipment... .. . 46,204] 46,401] 45,184 04) 427 0.7] 46,979| 46,437] 44,438] 44,034] +67
Electrical transmission and.
distribution equipment and
industrial apparatus . . 6,082 5,975 5,804] +18] 429 -10] 6,121 5,987 5,770] 5,846] +47
Electric lighting and
wiring equipment . 3,276] 3,286] 3,237 03] +15 3,276] 3,286] 3,237) 93,109] +5.4
Communications equipment 15,117] 14,850] 15,035] +18 “12 . 15,134] 14,857] 15,032} 13,128] +15.3,
Electronic components 16,095] 16,564] 15,503 28] +68 x 16,626} 16,579] 15,104] 16,916 “17
Transportation equipment 214,489] 215,631] 213,392 05} +10]  -12] 214,883] 216586] 213,476} 242,530] 11.4
Aircraft, missiles,
space vehicles, and parts. 185,469] 186,242] 183,834 04) +13 185,720] 187,165] 184,025] 212,943] -12.8
Shipbuilding and tanks . . . 18,700} 19,152} 19,380 2.4 -12 18,628] 19,063] 19,296} 21,736] -143
Instruments and related products... 49,991} 50,615] 50,908 “12 -0.6 $0,482] 51,053] 51,394] 56,087] -10.0
Search and navigation equipment 32,697] 33,170] 33,774 14] -18 33,215] 33,625] 34,290] 37,371] -LL.I
Measuring and controlling devices 8,990 8,938 8,832 +0.6 +12 8,990 8,938 8,832 9,331 37
Medical instruments and supplies 7,446 7,625 7,456 23 +23 7,446 7,625 7,456 8,460] -12.0
All other durable goods : 7,584| 7,688) 7,876 14] 24 7:262| 7,231 6928} 7,415 21
Nondurable goods industries . 22,317} 22,105} 21,659] +1.0] 42:1] +15} 22,046] 21,304] 20,731] 22,955] -4.0

” 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

Feb.| Jan. Dec. | Jan-| Dec.-| Nov.-| Feb.| _Jan.| Dec. | Feb. | _—_ Feb.
1994?] 1994") 1993] Feb.| Jan.] Dec.} 1994] 1994] 1993] 1993] 94/93] 19947] 1993
All manufacturing industries .. . . . | 269,914] 272,616] 266,351] 1.0] +24] +1.4] 268,673] 249,955] 260,358] 254,237] +5.7] 518,628] 485,445

Manufacturing industries

with unfilled orders ..... . ++} 143,654] 147,730] 141,853] -2.8]  +4.1) +13) 143,466] 136,129] 144,868] 134,927] +6.3] 279,595] 257,317
without defense capital goods . . . . . | 264,347] 264,878] 261,112} -0.2) +1.4]  +1.4} 264,034] 242,962] 252,407] 248,735]  +6.2| 506,996] 472,458

Durable goods industries + +++} 144,698] 148,549] 142,481] -2.6]  +4.3] +2.0) 145,660] 135,776] 142,095] 134,067) +8.6] 281,436] 252,285
With unfilled orders... ........-] 113,280} 117,545] 111,575] -3.6 +5.4)+1.5] 112,850] 107,915] 115,600] 105,388) — +7.1] 220,765] 199,860
Stone, clay, and glass products 6,393] 6,365] 6,445] +04) -1.2} 43.7} 6,166] 5,357] 5,330] 5,850] -+5.4] 11,523] 10,462
Primary metals : ++] 12,199] 12,051] 12,068} +12) -0.1]  +1.9} 13,106] 12,436] 11,528] 12,930] +1.4] 25,542] 25,567
Blast furnaces, steel mills... . 5,667] 5,367] 5,312] +5.6] +1.) -2.7] 6,279] 5,784] 5,036] 6,342] -1.0] 12,063} 12,544
Tron and steel foundries : 1,228] 1,193] 1,144] +2.9] +4.3)  -0.9) 1,178] 1,247) 905 978] +20.4 2,425 2,122
Nonferrous and other prim
metals......... fetes 5,304] 5,491] 5,612} -3.4) -2.21 +73) 5,649 5,405] 5,587] 5,610] +0.7] 11,054] 10,901
Fabricated metal products - ++ | 14,536] 14,706] 14,618} -1.2] +0.6 +3.7) 14,433) 13,479] 14,152) 13,700] +5.4) 27,912] 26,391
Industrial machinery and equipment . | 26,940] 25,872] 26,820] +4.1] -3.5] +0.6 26,536] 23,094] 29,486] 22,621] +17.3] 49,630] 42,854

Engines and turbines ..... . ---[ 1844] 1,612} 1,693] +144) 4.8) +110) 1511} 1,318] 2,535} 1,238] +22.1] 2,829) 2;292
Construction, mining and
material handling equipment . . 2,780} 2,614] 2,606] +64] +03] +12] 2,953] 2,462] 2,485] 2,601] +13.5] 5,415] 4,942
Metalworking machinery 2,881) 3,194] 3,068] -9.8) +4.) +7.6 2,795] 2,730] 3,359] 2,455] +13.8] 5,525] 4,502
Computer and office equipment . . 6,960] 6,859) 7,003) +15) -2.1] 8.1] 6,168} 5,325] 9,172] 5,683] +8.5] 11,493] 10,137
Electronic and other
electrical equipment... . . - +++] 21,088] 22,300) 20,703] -5.4] +7.7] +3.9 21,551] 20,539] 21,181] 18,328] +17.6] 42,090] 35,506

Electrical transmission and
distribution equipment and
industrial apparatus ........... 2,694) 2,707] 2,419) 0.5] +119) 3.4) 2,805} 2,438) 2,389) 2,496) +124 5,243 4,759
Electric lighting and
wiring equipment : 1,712 1,782] 1,609] -3.9) +10.8) -10.4 1,758} 1,572) 1,680] 1,747, +0.6 3,330 3,258
Communications equipment 4,767 4,218 4,777) +13.0{ -11.7] +10 4,551 3,454] 5,994) 3,181, +43.1 8,005 5,990
Electronic components .. . . . 6,847, 8,481 7,078} -19.3] +19.8) +14.5 7,480) 8,385] 6,829) 6,588) +13.5 15,865 13,238
Transportation equipment ........ 37,752) 41,292] 35,726} 8.6) +15.6/ +3.7| 38,507} 37,425] 34,582] 35,832] +75 75,932} 63,579
Aircraft, missiles,
space vehicles, and parts.
Shipbuilding and tanks

7,712) 11,616] 5,489] -33.6)
563) 723} 428) -22.1

6,601} 10,309) 8,255] 8,604) = -23.3 16,910} 12,572
571 508) 586) 577) -10 1,079 2,336

Instruments and related products ....| 10,216] 10,463] 9,838] -2.4 9,819] 9,206] 11,581] 9,893] -0.7| 19,025] 20,043
Search and navigation equipment .| 2,072{ 1,964] 1,641] +5.5 2,001] 1,446] 2,973] 2,292] -12.7| 3,447) SL
Measuring and controlling devices .} 3,120} 3,147] 3,153] -0.9 3,049] 2,969] 3,236] 2,950] +3.4) 6,018] 5,569
Medical instruments and supplies .} 2.778] 3,060} 2870] -9.2 2,725] 2,857] 3,024] 2,570] +6.0] 5,582) 5,542

All other durable goods s+os+-] 15,574] 15,500] 16,262] +0.5 15,542] 14,240] 14,255] 14,913] +42] 29,782] 27,883

Nondurable goods industries ....... 125,216} 124,067] 123,870) +0.9) +0.2} +0.6] 123,013] 114,179] 118,263] 120,170]  +2.4] 237,192] 233,160
With unfilled orders ........ 30,374] 30,185] 30,278] +06] -0.3| +0.9| 30,616] 28,214] 29,268} 29,539] +3.6] 58,830] 57,457

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

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

Note : Estimates of manufacturers’ shipments, inventories and orders are subject to survey variability and revision. Since the survey panel is not a probability sample,
estimates of sampling variability cannot be calculated. Further details on survey design, methodology, and data limitation are contained in our most recent annual benchmark
publication, Current Industrial Reports: M3-1(92), "Manufacturers’ Shipments, Inventories, and Orders: 1982-1992."


Table 1. VALUE OF MANUFACTURERS’

(Millions of dollars)

SHIPMENTS FOR INDUSTRY GROUPS

Seasonally adjusted Not seasonally adjusted"
Monthly Percent Change Monthly Percent Year to date
Industry change
Feb.| Jan. | Dec. | Jan-| Dec-| Nov.-] Feb.] _Jan.| Dec] Feb.| Feb.
1994} 1994"| 1993] Feb.| Jan.) Dec.] 19947] 1994"] 1993] 1993| 94/03 | 19947} 1993
All manufacturing industries 271,175] 268,330] 269,722] +1.1]  -0.5] — +1.6] 267,734] 241,178) 262,967] 252,299] +6.1] 508,912] 479,080
Manufacturing Industries
with unfilled orders ......... 144,915] 143,444] 145,224] +1.0]  -1.2]  +1.7] 142,527] 127,352] 147,477] 132,989] +7.2| 269,879] 250,952
without defense capital goods 264,294] 261,095] 263,208] +12] -0.8]  +1.8] 261,182] 235,369] 254,876] 244.934] +6.6| 496,551| 465,728
Durable goods industries ......... 146,171] 144,709] 146,182] +1.0] —-1.0) 42.5] 145,373} 127,662] 144,924] 132,542| +9.7] 273,035) 246,814
With unfilled orders... 114,753] 113,705] 115,276] +09] -1.4]  +2.1) 112,563] 99,801] 118,429] 103,863] +84) 212,364] 194,389
Stone, clay, and glass products 6,314] 6,254] 6,403) +1.0]  -2.3] 42.9] 5,792] 5,276] 5,447] 5,261] +10.1] 11,068 9,850
Primary metals ..... . : 12,115] 11,802} 12,045] +2.7] -2.0] +1.6 12,323] 11,199] 11,011] 11,700) +5.3) 23,522) 22,509
Blast furnaces, steel mills... . 5,653, 5,339] 5,459] +59) 2.2} +0.6 5,738] 5,180] 4,991] 5,204] +103] 10,918] 10,097
Iron and steel foundries 1,161] 1,153} 1,146] 40.7] +06 +2.0] 1,194] 1,056] 937} 1,073] +113] 2,250] 2,026
Nonferrous and other primary
metals ........... 5,301] 5,310} 5,440} -02]  -2.4] +27] 5,391] 4,963) 5,083] 5,423] -0.6] 10,354] 10,386
Fabricated metal products - | 14,696} 14,975} 14,758] 1.9] +15] +1.0] 14,567] 13,455] 13,940] 13,773) +5.8] 28,022] 26,086
Industrial machinery and equipment . | 26,349] 25,098] 26285| +5.0] -4.5| +23} 25,571] 21,393] 29,048] 22,063] +159] 46,964] 41,247
Engines and turbines -...[ 1,759] 1,566] 1,859} +12.3) -15.8) - +9.7] 1,578] 1,325] 2,723] 1,453] +8.6] 2,903} 2,545
Farm and garden machinery 1,641] 15221 1491] +78) 42.1) -2.1) 1,966] 1,403) 1,321] 1,675] +174) 3,369] 2,972
Construction, mining and
material handling equipment ....] 2,663] 2,629} 2,604) +13) +1.0| +17} 2,754] 2,327] 2,422) 2,521] 49.2] 5,081] 4,633
Metalworking machinery 2,674] 2,670] 2,677] +01] -0.3]  -2.2} 2,588] 2,206] 2,968) 2,471] +47] 4,794] 4,674
Computer and office equipment . . 7,125] 6,870] 7,078] $3.7} -2.9] +25] 6,234) 5,233] 9,765] 5,187] +202] 11,467] 9,639
Electronic and other
electrical equipment .......... 21,285] 21,083] 21,039] +1.0) +0.) +2.8) 21,009] 18,540] 22,039] 18,137} +15.8] 39,549] 33,559
Electrical transmission and
distribution equipment and
industrial apparatus . . . 2,587] 2,536] 2,480) +2.0) +23 2,671) 2,221) 2,476] 2,424] +10.2] 4,892] 4,465
Household appliances 1,801] 1,686] 1,657] +6.8|  +1.8) 1,747| 1,427] 1,540] 1,552] +126] 3,174] 2,847
Electric lighting and
wiring equipment 1,722] 1,733] 1,642] -0.6) +5.5]  -2.5] 1,768] 1,523] 1,713] 1,696] +42) «= 3,291] 3,129
Household audio and
video equipment . 997/988] 948) +0.9) +42! +02 900] 810}.—« 893] 820}. +9.8] 1,710] 1,572
Communications equipment 4,500} 4,403] 4,799] +22) -8.3) +11.2) 4,274] 3,629} 6,095] 3,392] +26.0) 7,903] 6,284
Electronic components 7,316] 7,420] 7,391] -1.4) +04] +4.) 7,433] 6,910} 7,209] 6,496] +14.4] 14,343] 12,004
Transportation equipment . 38,894] 39,053] 38,334] -0.4]  +1.9] +42} 40,210] 34,315] 36,850] 36,668] +9.7) 74,525] 66,895
Motor vehicles and parts . . 27,772| 27,398] 26,618] +14] +29} +4.5] 29,507] 25,047] 22,696] 24,832} +188] 54,554] 45,554
Aircraft, missiles,
space vehicles, and parts. 8,485} 9,208] 9,078] -79) +14 8,046] 7,169] 11,485] 9,250] -13.0] 15,215] 16,805
Shipbuilding and tanks . . . 1015] 951] 942) 46.7] +1. 1,006] 741) 1,184) 1,028) 2.1] 1,747] 1,814
Instruments and related products . 10,840] 10,756] 11,043] +0.8) -2.6 10,390] 9,547] 11,912] 10,228} +1.6] 19,937] 19,543
Search and navigation equipment 2,545] 2,568] 2,450] -0.9] +4. 2all] 2,111] 2,928] 2.638] -8.6] 4,522] 4,895
Measuring and controlling devices 3,068} 3,041] 3,203] +09] 5.1 2,997| 2,863] 3,286] 2.863] +4.7) 5,860] 5,426
Medical instruments and supplies 2,957] 2,891] 3,188) +23) -9.3] 2904] 2,688] 3,342] 2,804) +3.6) 5,592] 5,505
Photographic goods .......... 1,927] 1,904] 1,849) +12] +3. 1,740] 1,578] 2,029] 1,590, +9.4) 3,318} 3,079
All other durable goods 15,678| 15,688] 16,275] -0.1]  -3.6 15511] 13,937] 14,677] 14,712] +5.4] 29,448] 27,125
Nondurable goods industries .. . . 125,004} 123,621] 123,540] +1.1] +0.) +0.5] 122,361] 113,516] 118,043] 119,757] +2.2| 235,877] 232,266
With unfilled orders . 30,162} 29,739] 29,948] +141 -0.7| +0.4] 29,964] 27,551] 29,048] 29,126] +2.9| 57,515] 56,563
Food and kindred products 35,583] 35,073] 35,693] +1.5|  -1.7| +1.7| 34,735] 31,985] 35,096) 32,882) +5.6) 66,720) 63,881
Meat products . . 8,145] 8,132] 8,003] +02} +1.6] +0.6] 7,868) 7,561] 7,733] 7,471) = +5.3] 15,429] 14,809
Dairy products . 4721) 4;585| 4,582] 43.0) +0.1] +0.4) 4,532] 4,200] 4,398] 4,237] +7.0] 8,732] 8,245
Beverages ... . 5,120] 4,940] 5,068] +3.6] -2.5]  +0.5] 4,644] 4,243] 4,746] 4,330] +73] 8,887] 8,491
All other foods, except f fats and oils | 15,723] 15,579] 16,217] +09) -3.9]  +4.1] 15,817] 14,144] 16,396) 15,053] +5.1] 29,961] 28,923
Tobacco products .. . -| 3,304] 3387] 2,632] -2.5] +28.7] +138] 2,670] 2,584) 3,054) 2,124] +25.7} 5,254) 4,128
Textile mill products . 6,039] 5,845] 5,891] +33] -0.81 +101 5,889] 5,044] 5,309] 5,733] +2.7] 10,933] 10,971
Broadwoven fabrics and
other textiles ..... _ 3,755| 3,595] 3,700] +45] -2.8]  +2.7] 3,721] 3,162] 3,451] 3,640) +2.2) 6,883] 7,024
Paper and allied products 10,824] 10,621] 10,735] +19] -1.1)  -0.7] 10,859] 10,228) 10,391] 10,765] +0.9) 21,087) 21,313
Pulp, paper, and
paperboard mill products... .. 4279) 4,241) 4,280] +09] -0.9} 4313] 4,087] 4,207] 4,373] -1.4] 8,400) 8,643,
Paperboard containers and boxes . . 2,719| 2,668] 2,667] +1.9] 0. 2,689] 2,554] 2,499] 2,615] +2.8 5,243 5,153
Miscellaneous converted
paper products............. 3,826| 3,712] 3,788] 43.1) 2. 3,857] 3,587] 3,685] 3,777) 42.1] 7,444] 7,517
Chemicals and allied products 26,516] 26,555] 26,678] -0.1] 0.5} 26,464] 25,316] 25,370] 26,052} +1.6] 51,780] 50,615
Industrial chemicals... ... 13,619} 13,667] 13,395] -0.4] +2. 13,878] 12,948] 12,347] 13,823) +04) 26,826] 26,409
Drugs, soaps, and toiletries 9,873] 9,873] 10,287) 0.0] 4. 9,666] 9,685| 10,516] 9,393] +29) 19,351] 18,777
Petroleum and coal products . . 11,527] 11,056] 10,918} +4.3) +1.3) 10,269] 9,919] 10,483) 11,980] -14.3] 20,188] 23,746
Rubber and plastics products 8,889] 8,873] 8,989] +02) -1.3) 9,038] 8,265] 8,002) —_ 8,860} 42.0} 17,303] 16,920
All other nondurable goods 22;322| 22,211] 22,004] +05] +0. 22,437] 20,175 20,338] 21,361] +5.0] 42,612) 40,692

* Preliminary. "Revised.

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

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