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

Seasonally adjusted Not seasonally adjusted
Industry Monthly Percent Change Monthly Percent
change
May Apr. Mar.| Apr] Mar] Feb. May Apr. Mar. May} May
2000"} 2000" 2000} = May] = Apr. | Mar. 2000"} 2000" 2000 1999] 00/99
All manufacturing industries... . . 478,696 | 477,868] 475,887 +02 +0.4 0.0] 482,939] 480,711} 474,765} 467,701 +33
Manufacturing industries
with unfilled orders. . . 315,748} 315,133] 313,976] +0.2] +04] = -0.1] 319,832] 317,516] 312,312] 312,492] 423
without defense capital goods. | 459,932 | 458,964] 457,367] +02] +03) +0.2] 464,057] 461,918] 456.482] 449,042] +33
Durable goods industries... .. 299,745 | 299,396] 297,959] +0.1] — +0.5 -0.2] 303,145] 301,309] 297,082] 295,610} +2.5
With unfilled orders : ++ | 274,031] 273,702} 272,462] +01) +05 -0.2] 277,541] 275,552] 270,813] 271,390] +23
Stone, clay, and glass products - | 10,035} 10,084] 9.947) 05} +14 -08| 10279] 10,294] 10,147] 9.644] 46.6
Primary metals ...... 2. | 24,906] 24.912] 24,733 00) 40.7) 40.1] 24867] 24.822] 24576] 23,716] +4.9
Blast furnaces, steel mills... ... 12,157 12,053 11,770 +09 42.4 40.5 12,026 11,829, 11,537 11,443 45.1
Iron and steel foundries . . 1,594 1,586 1577] +05] +06] -06 1,643 1,643 1,626 1,665 “13
Nonferrous and other primary
metals oo es : 11,155] 11,273] 11,386 -10 10] 0.1] 11198} 11,350} 11,413} 10,608] +56
Fabricated metal products : : 32,079 31,798 31,754 +0.9 +0.1 0.5 32,468 32,124 31,974 31,373 43.5
Industrial machinery and eauipment - | 60,633] 60,430} 60,347] +03) = 40.1 09} 61,631] 60,920] 60,111] 61,320] +0.5
Engines and turbines. oe 4609] 4555] 4,642] +12 19) 401 4729} 4608] 4,552] 4,496] +52
Farm and garden machinery . 3,739] 3,716] 3,780] +06] -1.7 09) 3,564} 3,691 4,091 3472| +26
Construction, mining and
‘material handling equipment .. . . 8,775 8,797 8,752 +03 40.5 “19 8,879 8,925 8,845 9,103 2.5
Metalworking machinery seas 8,079] 8,043) 8.051} 40.4] -0.1 05 8.249] 8,105 7,897 8,206] +05
Computer and office equipment . . . 8372] 8356] 8456] +02]  -12 12] 8,773 8366 7,994) 9,391 66
Electronic and other
electrical equipment ..... 44,880] 44,337] 43,797) 42] #12] 0.3] 45,946] 44,979} 43,221] 41,720] +101
Electrical transmission and
distribution equipment and
industrial apparatus 5430] 5,388] 5,392] +0.8 0.1 +05 5,445 5408] 5,390] 5.272] 433
Household appliances 2,575| 2,568] 2,475] +031 43.8 16] 2817] 2,762] 2,545 2647) +6.4
Electric lighting and
wiring equipment . .... . 4,087] 4,007] 3,848] 420] 441 08} 4184] 4,056] 3,758 3,604] +16.1
Household audio and
video equipment : 1,125 1113 1,083) +11] 428] +04 1,094 1,035 981 961] +138
Communications equipment . . 11,670 11,460 11,504 +18 0.4 18 12,001 11,571 11,290 11,002 +911
Electronic components ......... 15,912] 15,771] 15,522] +09] +16] 40.6] 16,260] 16.075] 15.284} 14.721] +105
Transportation equipment we 69,154] 70,027} 70,063 1.2 0.1} +03] 69,358] 70,119] 70.073] 71,987 “37
Motor vehicles and parts ....... . 18,444] 18.287] 17,963] +09] +18 -l1] 18428] 18,282] 18,193] 17,170] +73
Aircraft, missiles,
space vehicles, and parts. - | 44399] 45,430] 46,026] -23 -13{ +14] 44,504] 45,466] 45,749] 48,816 -8.8
Shipbuilding and tanks ...... . 2480 2,471 2408] +04] +26 06{ 2,487| 2,516] 2,479] 2,003] +188
Instruments and related products . 27,699] 27,510] 27,282] +07] +08 04] 28,065] 27,779] 26979] 27,074] -+3.7
Search and navigation equipment 6,808] 6,802} 6,750] +01} +08] 1.0] 6.900} 6.881 6,628] 6,922 -03
Measuring and controlling devices . 8,751 8,571 8319] 421] 43.0] 09] 8.835] 8,655 8,259] 8,038] +9.9
Medical instruments and supplies 9,057] 9,070] 9,163 -0.1 10} +05} 9,166] 9,123 9,035 3.806] +4.1
Photographic goods ....... 2,360] 2,350] 2332] +04] +08 “0.1 2,435] 2399] 2,329] 2576] -5.5,
All other durable goods .......... | 30,359] 30,298] 30,036] +0.2) +09] +07) 30531] 30.272] 30,001] 28,776] +6.1
Nondurable goods industries +++ | 178,951} 178,472] 177,928{ +03] +03] +02] 179,794] 179,402] 177,683] 172,091]  +4.5
With unfilled orders... . se] 41,717] 41,431] 41,514] 40.7 -02] 40.2] 42,291] 41,964] 41499] 44102] +2.9
Food and kindred products... . . 39,157] 39,094] 39,293] +0.2 05] +03] 37,970] 38,450] 38,877] 37,028] +25
Meat products. eee 4590] 4,557} 4.602] +0.7 10] +36] 4,708] 4685] 4,700] 4,327 +88
Dairy products . : 3,888] 3,881 3877| +02] +01 -29| 3.983] 4,000] 3.867] 3,978} +01
Beverages 8755{ 8,749] 8.801} +01 06} +02 8,761 8,792 8.816 8,762 0.0
All other foods, except fats and oils’ | 20332} 20273] 20399] 403 06} +04] 18954] 19,325] 19847] 18264] +38
Tobacco products ....... 5,278 5310] 5,299] 0.6] = +0.2] +02 3,045 5,241 5,376 5,054 0.2
Textile mill products ........ 10,311 10,255} 10,203 40.5 +0.5 +04] 10,637] 10,519] 10,213 10,340 42.9
Broadwoven fabrics and
other textiles .......... 6,088] 6,072] 6,075} +03 0.0 0.0 6238] 6195] 6,052} 6,324 -14
Paper and allied products |... . 16,879} 16,772} 16,586] +06) +12} 402] 17113] 17,023] 16,757] 16.217) +5.5
Pulp, paper, and
paperboard mill products ..... 6,575 6,548 6478| +04 +11 +1.0 6,656 6.614 6,562 6557] +15
Paperboard containers and boxes . . 4513] 4379] 4313] 43.1] #15 08] 4,531 4428]  4360| 3,955] +146
Miscellaneous converted
Paper products... 22.0... 5,791 5,845 5,795 09} +09] 04 5.926] 5,981 5,835 5,705] +3.9
Chemicals and allied products 48,132} 48,170 | 47,903 -0.1 +0.6 +0.4] 48,770] 48,737] 48,047} 47,565 42.5
Industrial chemicals... . . 20,009} 19,953] 19,704] +03] = #13] +141 20073] 19.975] 19.696] 19,254] +43
Drugs, soaps, and toiletries . . 22,187] 22,367] 22,378] -0.8 00} +402] 22800] 22,728] 22,114] 22448] +16
Petroleum and coal products . . . - 13,770] 13,664] 13,269] +08] 43.0} +01] 14,188] 13,854] 13,093] 11,040] 428.5
Rubber and plastics products . 18,264] 18,128] 17,913 +0.8 +12 0.0} 18,444] 18,340] 18,170] 17,093 +79
All other nondurable goods . . 27,160} 27,079} 27,462] +03 14} 40.1] 27,627) 27,238] 27,150] 27,754] -0.5

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


10

Total Manufacturing
New Orders and Shipments
Three Month Moving Averages

Billions of Dollars

400 400
New Orders
380 F-| Shipments | - - - = 2 2 2 ee ee es | 380
360 fF - ------- 2-0 - --eeee eee ---- - - 360
340 F- - - - -- 72a et - - - ee eee ee 4 340
320 320
300 L 1 ia 1 1 it i 1 i" L L i L 300
May Jul Sep Nov Jan Mar May Jul Sep Nov Jan Mar May
May 1998 - May 2000
Total Manufacturing
Ratio of Unfilled Orders and
Inventories to Shipments
V/S Ratios UO/S Ratios
2.5 3.9
2.4 F--- 5 rt te vos }y 3-8
2.3 “4 3
2.2 3.5
21 3.4
2

1.9
1.8
1.7
1.6
1.5
1.4
1.3
1.2

3.3
3.2
3.1
3

2.9
2.8
2.7

2.6
Se wes a 2.6

L i 1 L a il L 1 1 1 L L i 2.4
May Jul Sep Nov Jan Mar May Jul Sep Nov Jan Mar May

May 1998 - May 2000

Note: All Charts based on seasonally
adjusted current dollars.


Table 6. VALUE OF MANUFACTURERS’ UNFILLED ORDE

FOR TOPICAL SERIES’
(Millions of dollars)

RS AND TOTAL INVENTORIES

Seasonally adjusted

Not seasonally adjusted

Industry Monthly Percent Change Monthly Percent
change
May Apr. Mar. | Apr | Mar.- | Feb.- May Apr. Mar. May | May
2000" | 2000" 2000 | May | Apr. | Mar. 2000" | 2000 2000 1999 | 00/99
UNFILLED ORDERS
All manufacturing industries 557,144 | 551,515 | 554,171 +10 -0.5 +14 | 559,222 | 555,961 | 556,316 | 524,263 46.7
Market categories :
Automotive equipment 2,524 | 2,535 | 2,526 04] 404] 424] 2498] 2,571 2,594 | 2,454 +18
Home goods and apparel 9.424 | 9388 | 9.484] +04]  -10 0.6 | 9631 9485 | 9.541 9.249 +41
Consumer staples : 3332 | 32583 | 3255] 24] 01} +05] 2974] 2883 | 2983 2396 | +241
Machinery and equipment . . . 246,228 | 247,891 | 247,743 0.7 40.1 +1.0 | 247,365 | 248,825 | 247.973 | 240,632 42.8
Business supplies cee 7,657 7,596 7,469 +0.8 +17 +0.7 7,750 7,454 7,206 7,301 +6.1
Construction materials
‘and supplies 18204 | 18.194 | 17,989 | +01 | +13 | -03 | 18390 | 18408 | ig.08s 17,876 42.9
Defense products . 88,499 | 88,456 | 89/397 00) -11 06 | 89415 | 90341 | 91/528 | 91.203 -2.0
Other materials, supplies and
and intermediate products 181,276 | 174,202 | 176,338 | 44.1 “12 {433 | 181,199 | 175,994 | 176,433 | 153152 | +183
Durable goods industries :
Nondefense capital goods * 262,957 | 264,791 | 263,720 07) +04 | +07 | 263,334 | 265,184 | 264,060 | 256,404 42.7
Excluding aircraft and parts 122,828 | 122,432 | 120,679 | +03 | +15 | 40.8 | 123/205 | 122825 | iar'or9 | 1 12,106 +9.9
Defense capital goods * bee 93,830 | 93,874 | 94.654 0.0 -0.8 -0.4 | 95,004 | 96,057 | 96,938 | 96.209 “13
Durables excluding capital goods 174,198 | 167,046 | 170,089 | +43 | -18 | 43.8 | 174671 | 169.205 | 169'987 147,511 | +184
Miscellaneous series ;
Producers’ durable equipment 286,741 | 288,003 | 287,426 04} +02 | +13 | 287,646 | 288,939 | 287,947 | 279,077 43.1
Household durable goods . oa 5.883 | 5,885 | 6,026 00] -23 “0.1 5.861 5,841 6,034 5,587 +49
Information technology industries. | 46,533 | 46687 | 46-263 O31 +409 | +19 | 46848 | 46.519 | 46070 | 40.980 | +143
Health care equipment
and products 10,500 | 10,503 | 10,831 0.07 3.0} +34} 10642 | 10,594 | 10,697 | 10,260 43.7
TOTAL INVENTORIES
All manufacturing industries 478,696 | 477,868 | 475,887 40.2 +04 0.0 | 482,939 | 480,711 | 474,765 | 467,701 43.3
Market categories :
Automotive equipment . . 9194 | 9,133 8,964 | 40.7] +19 04] 9367 | 9,214 | 9,089 | 8,784 +66
Home goods and apparel 32,016 | 31,950 | 31,802 | +02] +405 -O.1 | 32,954 | 32,188 | 31:513 | 32:261 42.1
Consumer staples . . oe 78.047 | 78,083 | 78,004 0.0) 401 | +403 | 77,737 | 78,003 | 77328 | 74316 +46
Machinery and equipment . . 115,227 | 115,770 | 116,426 05] 06 | +06 | 116,928 | 116.899 | 115,958 | 118'666 “15
Business supplies . . . 29.233 | 29,027 | 29,129 | 407] -04 | +03 | 29484 | 29357 | 20135 28,391 +38
Construction materials
and supplies 31,688 | 31545 | 31,118 | +05] +14 0.0 | 32,051 | 31,832 | 31,323 | 29,421 +89
Defense products tetas 18,330 | 18,515 | 18,127 “10, 421 43°] 18,447 | 18,423 | 17,885 | 18335 +06
Other materials, supplies and
and intermediate products . . . 164,961 | 163,845 | 162,317 +07] +09 -O.1 | 165,971 | 164,795 | 162,514 | 157,527 +54
Durable goods industries :
Nondefense capital goods * 105,924 | 106,381 | 107,009 0.4 0.6 +0.7 | 107,620 | 107,362 | 106,153 | 110,486 2.6
Excluding aircraft and parts 73,515 | 73,118 | 72,892 +05 | +03 “LI | 75,190 | 73,911 | 72,088 | 73°83 +18
Defense capital goods * . 18,764 | 18,904 | 18/520 07] 421 47 | 18,882 | 18,793 | 18.283 | 18659 +12
Durables excluding capital goods 175,057 | 174,111 | 172,430 +0.5 +10 0.2 | 176,643 | 175,154 | 172.646 | 166.465 +6.1
Miscellaneous series :
Producers’ durable equipment 192,071 | 191,990 | 191,853 0.0} 40.1 | +04 | 194,595 | 193,511 | 191,258 | 191,887 +14
Household durable goods... . . 16,843 16,764 16,627 40.5 +0.8 04 17,246 16,806 16,476 16,722 431
Information technology industries 33,897 | 33,499 | 33348] +12] +05 -14 | 34,838 | 33,833 | 32,584 | 33/762 43.2
Health care equipment
and products... 21,072 | 21,180 | 21,276 05 | 05 | +03 } 21,508 | 21,426 | 21,008 | 20,945 42.7

See footnotes at end of table 5,

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


Table 5. VALUE OF MANUFACTURERS’ SHIPMENTS AND NEW ORDERS
FOR TOPICAL SERIES’
(Millions of dollars)

Seasonally adjusted Not seasonally adjusted *
Monthly Percent Change Monthly Percent Year to date
Industry change
May] Apr.| Mar. |] Apr- | Mar-] Feb-| May | Apr. Mar. May | May
2000" | 2000°] 2000) May} Apr.] Mar.} 2000} 2000'} 2000} 1999} 00/99} 2000" | 1999
SHIPMENTS.
All manufacturing industries. . 380,139] 373,079] 377,562] +19] -1.2] +1.8) 379,126] 366,810} 400,591] 349,625] +8.4] 1,845,635 ]1,711,195
Market categories :
Automotive equipment ++. ++] 16,370] 16,019] 16,980] +34) -5.7] +3.81 17,373) 16,587) 18,833) 16,731] +3.8) 86,029} 82,680
Home goods and apparel oe 21,020] 21,203 21,299] -0.9]  -0.5]  +1.9} 19,924] 20,405] 22,549) 18,947] +5.2] 101,771] 95,710
Consumer staples . --| 80,396] 78,994) 79.331] 41.8] -0.4] +0.5] 79,926] 76,664] 80,279] 71,7941 +113] 384,166] 348,404
Machinery and equipment .......] 75,099} 72,661] 71,619} +34] +15] +24) 73,860] 69,841] 81,524] 66,726) +10.7] 353,082} 328,083
Business supplies . se ees.{ 28119 27,687] 28.449] +1.6)  -2.7] +2.2) 28,001] 27,598] 28,905) 26,149] +7.1] 136,596] 127,926
Construction materials
and supplies... . 23,638] 23,292] 24,203] +15]  -3.8| +1.4) 23,918] 23,123] 24,587{ 23,314] 42.6) 115,044] 109,839
Defense products... . . 6.509} 6,494] 6.879] 40.2) 5.6] 49.5] 6,309) 6,147] 7,483] 6,650) -S.1] 31,578] 33,251
Other materials, supplies and
and intermediate products . . 128,788] 126,729] 128,802] +1.6] -1.6] +1.6| 129,815] 126,445] 136.431] 119,314] +8.8] 637,369] 585,302
Durable goods industries
Nondefense capital goods * - | 62,332) 60,438] 58,951} +3.1]  +3.2} 42.1] 59,724] 56,171] 67,444] 52,908] +12.9] 285,359] 258,824
Excluding aircraft and parts 52,910] 52,686] 52,051] +04] 41.2) +39} 50,059] 48,436] 60,418] 44,039] +13.7) 247,534] 216,858
Defense capital goods * .... . 6213] 6287] 6648] -1.2) -3.4) +107] 6,017| 5.902] 7.241] 6,483] -7.2) 30,177] 32,059
Durables excluding capital goo 145,370} 142,584] 146,278] +2.0]  -2.5] +2.1] 147,420] 143,084] 156,528] 139,382] +58) 723,522] 683,431
Miscellaneous series
Producers’ durable equipment .. . . | 139,529] 136,054] 136,862] +2.6]  -0.6]  +2.5] 139,095] 133,229] 153,125] 129,697 +7.2) 677,572] 640,035
Household durable goods... - . 11,271) 11,333] 11,227] -0.5] +09] +1.3] 10,846} 11,036] 12,250} 10,019} +8.3] 54,609] 49,940
Information technology industries 32,164] 31,700] 30,700] +1.5| +33) +1.6] 29,597} 27,407] 36,488] 24.411] 421.2] 144,636] 121,618

Health care equipment

and products 13,967] 13,488] 13,297] +36} +14] ol 13,253] 12,783} 14,117) 12,191 +87 65,329 62,020
NEW ORDERS
All manufacturing industries. . 385,768] 370,423/ 385,097] 44.1] -3.8]  +2.7] 382,387] 366,455] 406,223] 344,067] +11.1] 1,872,166 1,722,472
Market categories

Automotive equipment . . 16,559} 16,028] 17,040] +3.3) 59 +44) 17,301) 16,563} 18,873] 16,674] 43.8 86,042 82,729
Home goods and apparel . - -} 21,056} 21,108) 21,238] 0.2] -0.6f +1.1] 20,069} 20,349] 22,353} 18,730] +7.1] 102,793 96,648
Consumer staples... . . ae | 80,476} 78,992] 79,347) +1.91 -0.4]  +0.2) 80,018] 76,594] 80,310] 71,899] +113] 384,075] 348,537
Machinery and equipment... . 73.436] 72,809] 74,118] +0.9| -1.8] 5.4 72,400] 70,693] 83,368] 64.815] +117] 361.255] 328,145
Business supplies... . - ~.] 28180] 27,814] 28,503] +13) -2.4) +19] 28,297] 27,846] 29,016] 26.448] +7.0] 137,152] 128,707

Construction materials
and supplies . 23,647) 23,527] 24,152} +0.5]  -2.6 +1.4] 23,900] 23,444] 24,613] 23,173] +3.1] 116,066] 110,474
Defense products . 6.553] 5.553] 6328] +18.0/ -122] -9.8] 5.384] 4.960] 7,586] 5,042) +6.8] 31,911] 33,539
Other materials, supplies and

and intermediate products ...... | 135,861] 124,592] 134,371] +9.0] 7.3] +4.0] 135,018] 126,006} 140,104] 117,286] +15.1] 652,872] 593,693

Durable goods industries :
Nondefense capital goods * ......| 60,498{ 61,509 60,375{ 1.6] +1.9}  +4.6] 57,874] 57,295] 68,370] 50,399) +14.8] 292,098} 258,146
Excluding aircraft and parts 53,306] 54,439] 53,064] -2.1]  +2.6]  +4.1] 50,439) 50,242] 60,533) 43,713] +15.4] 255,521] 222,387

Defense capital goods * 6,169} 5,507] 6.274] +12.0) -12.2] -6.2|  4,964| 5,021] 7,625) 4,954) +0.2} 31,541) 32,555

Durables excluding capital goods : 152,522] 139,541] 152,516] +9.3]  -8.5]  +4.6| 152,886] 142,302] 160,637} 137,200] +114} 740,649) 693,697

Miscellaneous series :
Producers’ durable equipment 138,267] 136,631] 140,631] +12] -2.8}  +5.0] 137,802] 134,221] 155,497] 127,219] +83] 688,692] 639,608
Household durable goods . . . 11,269] 11,192] 11,222] +0.7]  -0.3) — -0.1] 10,866] 10,843] 12,009] 9,753] +114] 53,024] 50,366
Information technology industries .| 32,010] 32,124| 31,569] -0.4] +1.8) +5.2) 29,926] 27,847] 37,250] 24,731] +21.0) 146,637] 123,482
Health care equipment
and products ......... -| 13,964] 13,160] 13,652] +61] 3.6] 40.7] 13,300] 12,681) 14,118] 12,611] +5.5] 65,896] 62,656

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

* Nondefense capital goods industries include : ordnance and accessories; steam, gas and hydraulic turbines; internal combustion engines; construction, mining, and materi
handling equipment, metalworking machinery; special industry machinery; general industrial machinery; computer and office equipment, refrigeration, heating and servi
industry machinery; electrical transmission and distribution equipment; electrical industrial apparatus; communications equipment; aircraft, missiles, space vehicles, and engin
and parts; ships and tank components; railroad equipment; and search and navigation equipment.

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

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


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

Inventory / Shipments ratio Unfilled Orders / Shipments ratio!
Industry May Apr. Mar. Feb, May Apr. Mar. Feb,
2000" 2000" 2000 2000 2000" 2000" 2000 2000
All manufacturing industries... .. 1.26 1.28 126 1.28 2.56 2.58 259 261
Durable goods industries ........ 1.40 143 141 145 2.99 3.01 3.03 3.05
Stone, clay, and glass products. |” 112 LB fen 112 0.75 0.76 075 0.75
Primary metals -. 2... 156 157 154 135 197 1:99 197 199
Fabricated metal products. |) 155 155 1152 1:36 130 131 128 129
Industrial machinery and equipment . 144 141 1.46 131 217 21 2.17 220
Electronic and other
electrical equipment... .. . 112 Lis 1.13 1.16 2.46 235 242 231
Transportation equipment...) || 139 150 144 149 8.40 9:22 9.03 9.43
Instruments and related products 186 189 1:81 186 3.18 3.26 3.17 3.18
Nondurable goods industries... .. 1.08 1.09 1.07 1.08 0.66 0.66 0.65 0.67
Food and kindred products | a 0.92 0.92 0.93 0:93 (x) %) (x) (X)
Tobacco products... . 112 1.22 122 123 (X) (X) (x) (x)
Textile mill products || a 160 157 155 154 (NA) (NA) (NA) (NA)
Paper and allied products || | | : 14 116 1B 116 (NA) (NA) (NA) (NA)
Chemicals and allied products "| || 130 133 132 130 (%) & &) )
Petroleum and coal products 073 075 0.66 0.68 (&%) & ra) &)
Rubber and plastics products. | 123 126 123 124 (x) (x) &) (%)

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

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

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

Shipments New orders Unfilled orders Inventories
Industry
May May May May
May? | 1999- May? | 1999- May? | 1999- May? | 1999-
May’ | 1995) Apr, | May! | 1995-| Apr. | May | 1995-| “Apr. | May! | 1995- | Apr.
2000 |__1999 | 2000] 2000] 1999 | 2000] 2000} 1999 | 2000} 2000] 1999] 3000
All manufacturing industries... . (xX) ou a) 03 03 (xX) 0.1 0.1 (x) 0.0 0.0
Durable goods industries ...... 0.0 0.1 01 04 05 0.0 0.1 01 (xX) 0.0 0.0
Stone, clay, and glass products... . (&) 05s () 10 03 (X) 07 04 & Ot 0.6
Primary metals «ss. 0.0 01 04 07 10 0.2 03 04 (%) 0.0 02
Fabricated metal products. . . : (%) 02 &) 0.6 0.5 (0.9) 04 04 (X) 02 01
Industrial machinery and equipment 01 06 1 08 08 0.0 02 03 () 0.0 OL
Electronic and other

electrical equipment ........... 0.0 03 04 0s 18 02 0.2 08 (X) Ol 02
Transportation equipment . . : 0.2 06 0.2 13 10] -O1 02 02 (x) O14 O41
Instruments and related products . . (x) 03 ® 1s 12 (x) 04 03 (Xx) 02 Ol
Nondurable goods industries... . . x) 0.0 () 01 Ot toa) 0.1 0.1 fea) 0.0 O1
Food and kindred products . see (X) 01 (xX) (xX) (Xx) (X) (X) (xX) (X) Oo. 01
Tobacco products | 04 Ol MO) Wl wl] WL &] wl a 0.0
Textile mill products (xX) 0.2 (X) (NA) (NA) (X) (NA) (NA) (X) ol 01
Paper and allied products (x) 03 (x) (NA) (NA) (X) (NA) (NA) (xX) 01 0.0
Chemicals and allied products (xX) 02 (xX) (x (X) (X) (x (xX) (x) 01 0.1
Petroleum and coal products - (x) 03 &) () &) x) (X) (x) &) OL 05
Rubber and plastics products a (x) 03 (X) (Xx) (X) (X) (X) (x) (X) 01 0.2

Capital goods industries :
londefense - : 0.1 03 03 0.0 07 07 0.0 ol Ol (ea) 0.0 Ol
Defense... 2.0.2... 0.0 06 09 03 3.0 3 01 02 03 (x) 02 02

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

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

' The current month revisions are the difference between the advance percent change and the percent change as shown in this publication.
* Average for this month for the last five years.

Can ante at ned ee ne


CURRENT INDUSTRIAL REPORT

oe
By

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

Manufacturers’ Shipments.
Inventories, and Orders

May 2000
'3-1-(00)-05
For Wire Transmissions 10:00 a.m. E.S.T. July 6, 2000

For Data - (301) 487-4673
For Questions - Lee Wentela or Derrick Roy
(301) 457-4832 or (301) 457-4814

All figures in text are in seasonally adjusted current dollars

Summary

New orders for manufactured goods in May increased
$15.3 billion or 4.1 percent to $385.8 billion, the Department of
Commerce, Bureau of the Census reported today. This follows
a 3.8 percent April decrease and is the largest increase since
December 1992. Excluding transportation, new orders increased
4.3 percent. Year to date, new orders are 9.0 percent above the
same period a year ago.

Shipments increased $7.1 billion or 1.9 percent to $380.1
billion, following a 1.2 percent April decrease. This is the
seventh increase in the last eight months and the largest since
April 1996. Year to date, shipments are 8.1 percent above the
same period a year ago.

Unfilled orders increased $5.6 billion or 1.0 percent to
$557.1 billion, following a 0.5 percent April decrease. This is the
tenth increase in the last eleven months. The unfilled orders-to-
shipments ratio was 2.56, down from 2.58 in April.

Inventories increased $0.8 billion or 0.2 percent to $478.7
billion, following a 0.4 percent April increase. This is the eighth
increase in the last nine months. The inventories-to-shipments
ratio was 1.26, down from 1.28 in April.

New Orders

New orders for manufactured durable goods in Mar
increased $12.6 billion or 6.1 percent to $219.2 billion,
revised from the previously published 6.0 percent increase.

Electronic and other electrical equipment had the largest
increase, $9.7 billion or 26.4 percent to $46.6 billion, due to
electronic components. This is the largest increase since
August 1997. Transportation equipment increased $1.5 billion
or 3.3 percent to $46.8 billion. Instruments and related
products increased $0.8 billion or 5.6 percent to $14.9 billion.

New orders for nondurable goods increased $2.7 billion
or 1.7 percent to $166.6 billion. Chemicals and allied
products and paper and allied products had the largest
increases.

Shipments

Shipments of durable goods in May increased $4.6
billion or 2.2 percent to $213.9 billion, unrevised from the
previously published 2.2 percent increase. Transportation
equipment had the largest increase, $3.0 billion or 6.4 percent
to $49.6 billion; all components increased, led by aircraft and

arts and motor vehicles and parts. This is the largest
increase since August 1998. Electronic and other electrical

equipment increased $1.0 billion or 2.6 percent to $40.0
billion. This is the sixth increase in the last seven months.
Instruments and related products increased $0.4 billion or 2.6
percent to $14.9 billion. Industrial machinery and equipment
decreased $0.5 billion or 1.2 percent to $42.2 billion.

Shipments of nondurable goods increased $2.5 billion or
1.5 percent to $166.2 billion. Chemicals and allied products
had the largest increase, $0.8 billion or 2.3 percent to $37.0
billion. Rubber and plastics products increased $0.4 billion or
3.1 percent to $14.8 billion. Petroleum and coal products, up
fourteen of the last sixteen months, increased $0.4 billion or
2.4 percent to $18.8 billion.

Unfilled Orders

Unfilled orders for durable goods in May increased $5.3
billion or 1.0 percent to $531.0 billion, unrevised from the
previously published 1.0 percent increase. This is the tenth
increase in the last eleven months. Electronic and other
electrical equipment had the largest increase, $6.6 billion or
7.2 percent to $98.3 billion, due to electronic components.
This is the largest increase since August 1997. Industrial
machinery and equipment, up eleven consecutive months,
increased $1.4 billion or 1.6 percent to $87.2 billion.
Transportation equipment, down fourteen of the last sixteen
months, decreased $2.8 billion or 1.2 percent to $225.5

illion.

Inventories

Inventories of durable goods in May increased $0.3
billion or 0.1 percent to $299.7 billion. is is the eighth
increase in the last nine months.

Electronic and other electrical equipment had the largest
increase, $0.5 billion or 1.2 percent to $44.9 billion. This is
the fourteenth increase in the last sixteen months.
Transportation equipment decreased $0.9 billion or 1.2 percent
to $69.2 billion, due to aircraft and parts.

Inventories of nondurable goods, up eleven consecutive
months, increased $0.5 billion or 0.3 percent to $179.0
ion.

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

Our internet address is: http://www.census.gov/indicator/www/m3

‘The advance report on durable goods for June is scheduled for July 27, 2000 at 8:30 a.m. and the full report on August 3, 2000 at 10:00a.m. For sale by the Superintendentof Documents,
U.S. Government Printing Office, Washington, DC 20402. This report is available on the day of issue through the Department of Commerce's online Economic Bulletin Board (N-8-1)


Nondefense Capital Goods "1
New Orders and Shipments

Three Month Moving Averages
Billions of Dollars

New Orders
62f) —__ | - - - - - ---- +--+ 2-2 eee eee ee eee eee + 62

‘Shipments

87P-- ~~ or rr err eer errr eee Ke aise eee +57

So +52

47 - -- 2-2 ee ee ee ee ee ee ee eee eee 447

L L L L L L de J ut 1 a i 1
May = Jul Sep Nov Jan Mar May Jul Sep Nov’ Jan Mar May
May 1998 - May 2000

Defense Capital Goods
New Orders and Shipments

Three Month Moving Averages
Billions of Dollars
10 10

New Orders

9P-------------------------------------

Shipments

4 ii 1 il il i 1 1 L rl 1 1 it 1 4
May = Jul Sep Nov Jan Mar May — Jul Sep Nov Jan Mar May

May 1998 - May 2000

Note: All Charts based on seasonally
adjusted current dollars.


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

Inventory / Shipments ratio Unfilled Orders / Shipments ratio"
Industry May Apr. Mar. Feb. May Apr. Mar. Feb.
2000" 2000" 2000 2000 2000” 200° 2000 2000
All manufacturing industries... . 1.26 1.28 1.26 1.28 2.56 258 2.59 2.61
Durable goods industries... .. .. 1.40 1.43 141 1.45 2.99 3.01 3.03 3.05
Stone, clay, and glass products... - 112 13 Mil 112 0.75 0.76 0.75 0.75
Primary metals. fetes 1.56 137 134 135 1.97 1.99 197 199
Fabricated metal products. . . : 135 155 152 156 130 131 128 129
Industrial machinery and equipment 1.44 141 1.46 131 217 211 217 2.20
Electronic and other
electrical equipment ........ 1.12 114 113 116 2.46 2.35 2.42 231
Transportation equipment . . : 139 1.30 144 1.49 8.40 922 9.03 9.43
Instruments and related products . | 1.86 189 181 1.86 3.18 3.26 317 3.18
Nondurable goods industries ..... . . 1.08 1,09 1.07 1.08 0.66 0.66 0.65 0.67
Food and kindred products...) ... . 0.92 0.92 0.93 0.93 & (%) (Xx) (X)
Tobacco products : . 1:12 122 122 1:23 (X) (x) (X) ()
Textile mill products .......... 0. 1.60 1.57 1.55 1.54 (NA) (NA) (NA) (NA)
Paper and allied products . : 114 116 13 116 (NA) (NA) (NA) (NA)
Chemicals and allied products. |: ; 130 133 132 130 fe) ® (x) )
Petroleum and coal products. - . 0.73 0.75 0.66 0.68 (x) & (x) (x)
Rubber and plastics products . . 1.23 1.26 1.23 4.24 (X) (xX) (X) (X)

° Preliminary. * Revised. (X) Not applicable. (NA) Not available,

ioe cludes 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
May May May May
May? | 1999- May? | 1999- May? | 1999- May? | 1999-
May’ | 1995.) Apr. | May! | 1993-| Apr. | May! | 1995-| Apr. | May! | 1995-| Apr.
2000 | 1999 | 2000 | 2000] 1999 | 2000} 2000] 1999] 2000] 2000] 1999] 3000
All manufacturing industries... . . . es) OL 0.1 ies) 03 0.3 & 01 O41 &) 0.0 0.0
Durable goods industries. . : 0.0 Ol 0.2 01 04 0.5 0.0 0.1 0.1 (Xx) 0.0 0.0
Stone, clay, and glass products... . . (X) 05 04 (X) 10 03 (X) 07 04 (x) 0.1 0.6
Primary metals... . : 0.0 01 03 04 07 10 0.2 03 04 (X) 0.0 02
Fabricated metal products... . (X) 02 03 (X) 06 05 (%) 04 04 (%) 02 Ol
Industrial machinery and equipment Ol 0.6 05 Ol 08 08 0.0 02 03 (X) 0.0 0.1
Electronic and other

electrical equipment ....... 0.0 03 03 0.4 05 18 0.2 0.2 08 (xX) Ol 0.2
Transportation equipment... .. . . 02 06 os] -02 13 Vo} -0.1 02 02 () o4 0.1
Instruments and related products .. . . (x) 03 07 & 18 12 (x) 04 03 (X) 0.2 Ot
Nondurable goods industries ........} (xy 00 04 a) 01 01 & 04 0.1 (& 0.0 oO.
Food and kindred products sf &) Ol 02 & ® 4) & e9) (e0) &) 01 O1
Tobacco products te) 04 oO. &) & &) (&%) & &) (&) 01 0.0
‘Textile mill products. fettee &) 02 04 (xX) | NA) | (NA) (X) | NA) | (A) (x) Ol 01
Paper and allied products... . . (xX) 03 Ol (X) | (NA) | (NA) (X)} (NA) | (NA) (X) Ol 0.0
Chemicals and allied products: . | &) 02 02 &) & &) (x) (x) (x) (Xx) 0.1 O1
Petroleum and coal products . (x) 03 0.7 (X) (X) (X) (X) (X) (X) (Xx) 0.1 05
Rubber and plastics products . a & 03 02 (x) (xX) (X) (X) (X) (X) (X) 0.1 02

Capital goods industries :
Nondefense - on a's 03 03 0.0 07 07 0.0 01 0.1 (%) 0.0 Ol
Defense . . re eX) 06 09 03 3.0 3.1 O1 02 03 () 02 02

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

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

' The current month revisions are the difference between the advance percent change and the percent change as shown in this publication.
* Average for this month for the last five years.


Table 3. VALUE OF MANUFACTURERS’
(Millions of dollars)

UNFILLED ORDERS FOR INDUSTRY GROUPS

Seasonally adjusted

Not seasonally adjusted

Industry Monthly Percent Change Monthly Percent
change
May Apr. Mar] Apr.-| Mar-| Feb May Apr. Mar. May| May
2000"| 2000" 2000] May} Apr} Mar.|- 2000") 2000" 2000 1999] 00/99
All manufacturing industries . 587,144] 551,515] 554171] +1.0 05] +14] 559,222] 555,961] 536,316] 524,263] — +6.7
Manufacturing industries
without defense capital goods 463,314} 457,641 | 459,517 +12 04 +18] 464,218] 459,904] 459,378] 428,054 48.4
Durable goods industries 530,985 | 525,711] 528,463] +1.0 -05] +15] 533,009] 530,446] 530,985] 500,124] +66
Stone, clay, and glass products 6,501 6516] 6510] -02) +01] +02] 6549] 6627] 6.604] 6,184] +59
Primary metals 20... 0... 31,501] 31,505] 31,597 oo] = 03 -05| 32,131] 32,693] 33,068] 30,889] = +4.0
Blast furnaces, steel mills . . 12.466] 12,739] 12.987) -2.1 -19] 0.8] 12,877] 13,429] 13,800] 12,540] +27
Iron and steel foundries 4864] 4,769] 4.749] 42.0] 404) 40.3] 4,927] 4,924) 4.947] 5,033 21
Nonferrous and other primary
metals . 14i71] 13,997] 13,861} +12] +10] 03] 14327] 14340] 14321] 13,316] +76
Fabricated metal products .. | 25424] 25381} 25,189] +02] +08) 40.7] 25,620] 25,572} 25,301] 25,677 -02
Industrial machinery and equipment . | 87,242] 85,852] 84,983] +16] 9 +1.0]  +1.1] 87,435] 86,005] 85,244] 79,222) +104
Engines and turbines ........ 25,887] 25,172 | 25,353 42.8 0.7 43.0] 25,159] 24,594} 25,120] 22,017] +143
Construction, mining and
material handling equipment 8,708 8,816 8,871 “12 0.6 +03 8,977 9,277 9,359 9,627 6.8
Metalworking machinery 7,008} 7,065 7,045 08] +03 2A 7,008] 7.065} 7,045} 6,803] -+3.0
Computer and office equipment .. . 9,172 8,885 8,826 43.2 +0.7 -0.8 9,483 8,703 8,586 8,327|  +13.9
Electronic and other
electrical equipment 98,288] 91,677] 93,796] -+7.2. 23] +68] 97,560] 92,394] 92,628] 64,966] +50.2
Electrical transmission and
distribution equipment and
industrial apparatus 7,269} 7.272) 7,091 00) +26 05 7358] 7,399] 7,206] 6,501} +13.2
Electric lighting and
wiring equipment : 5.358] 5,369] 5,251 02] 422 24] 5,358 5,369} 5,251 3,122] +46
Communications equipment 26,759 | 26,986] 26,412 -0.8 42.2 +23) 26,596] 26,989} 26,777 17993| +47.8
Electronic components . 52318] 45,475] 48,471] +150] -6.2] +114} 51,685] 45,913] 46,587] 29,627] 474.5
‘Transportation equipment 225,469 | 228,244} 229,568 12] 0.6] = -0.2} 226.211} 230,003] 231,269] 236,056 42
Aircraft, missiles,
space vehicles, and parts. ...... 188,992 | 191,757} 192,859 “14 0.6} +0.2| 189,944] 193,493] 194,302] 198,327 42
Shipbuilding and tanks ......... | 19,640] 19,293] 19.872] +18] = -29] —--1.2] 19.615] 19.279] 19,853] 20,039 21
Instruments and related products . . . . 47,449 | 47,426] 47,818 0.0 0.8 +20} 47,983] 47,974] 48,219] 48,321 0.7
Search and navigation equipment 25,481) 25,438] 25,471] 40.2 01] +10] 25866] 25,882] 25.947] 26,848 37
Measuring and controlling devices 10,625] 10,618] 10,647] 40.1 03] +34] 10,625] 10618] 10.647 10,372} +2.4
Medical instruments and Supplies 10,453] 10,456] 10,784 0.0 3.0| #34] 10,594] 10,548] 10,652] 10.219] 43.7
All other durable goods . OI 9110] 9,002 oo] +12] 436] 91520] 9.178} 8.652] 8.809] 48.1
Nondurable goods industries 26,159] 25,804] 25,708} +14] +04 0.6| 26213] 25,515] 25,331] 24,139] +86

° Preliminary. ‘ Revised.

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


we

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
May | Apr. | Mar. | Apr | Mar-| Feb~| May | Apr. | Mar.| May | May
2000" | 2000" | 2000 | May | Apr.} Mar.} 2000") 2000'} 2000] 1999} 00/99 | 2000 | 1909
All manufacturing industries 385,768} 370,423] 385,097] +4.1] -3.8]  +2.7] 382,387] 366,455] 406,223 344,067) +11.1] 1,872,166 }},722,472
Manufacturing industries
with unfilled orders : P2324 210.801) 221.233] 45.7] -4.7] 43.64 216,666 206,062] 235,352] 192,057] +12.8] 1.067.909] 983,235
without defense capital goods 379,599) 364,916] 378,823) +4.0] 3.21 +2.9] 377.423] 361,434] 398,598] 339113] +113] 1.840°625 [1.680.917
Durable goods industries... .. 219.189} 206,557] 219,165] +61]  -5.8]  +4.2| 215,724] 204,618] 236,632 192,553] +12.0} 1,064,288} 984,398
With unfilled orders. 183,072] 171,627] 181,882) +6.7] -5.6f +43) 177.571] 167.951 195,528] 155,239] +14.4] 877,063} 802.746
Stone, clay, and glass products 8.961) 8,897) 9.0131 40.7] -1.3) +071 9.001] 8.961 9.028} 8,566} +5.1] 43,478] 40,815
Primary metals - WoT!) 15.737) 15,898) +15] -1.0 40.5] 15.758 15.963] 16.9921 14,6911 473] $2360] 75130
Blast furnaces, steel mills : 5,877] 5,772 6.7) +101 5,744) 5,827] 6.659] 5.825, 14) 31,861] 29,895
Iron and steel foundries 1,569} 1,449) 3.7] +20) 1,542) 1,468] 1,683] 1.332] +158 7.935 7,481
Nonferrous and other primary
metals : 8,525] 8,516 +58) -0.2) 8,472) 8,668] 8,650] 7,534] +125] 42,564] 37,754
Fabricated metal products 20,741] 20,691 -L6] +3.) 21,085] 20,775] 22.017] 20,566] +25] 103,604] 101/951
Industrial machinery and equipment 43,631] 43,632 $3.6 +1.8) 42,260} 41,995] 48,622] 36.763] +150] 210.079] 186.816
Engines and turbines : 3.414] 2,699] 20.6, +9.) 3,157) 2,048) 3,254) 2.733] 415.5] 13.508] 14°855
Construction, mining and
material handling equipment. . . 3,969) 3,945) 4,041] +061 24) +1. 3,837] 4,045] 4.801] 3,627] 45.8 20,978| 20,071
Metalworking machinery ...... 3,692} 3,915} 3,818) -5.7] +2.) -1.7| 31535] 3.659} 4,078] 3,650] -2.6] 18,352] 16,918
Computer and office equipment 14,242] 14.204] 12,903] +0.3! +10.1] 1.4) 12.939] 11/833] 16459] 1aata] 4242 62,278] 51,976
Electronic and other
electrical equipment 46,601) 36861] 44,714) 426.4 -17.6 48.9] 43,511] 35,571] 45,842} 30303] +43.6] 1990831 165,007
Electrical transmission and
distribution equipment and
industrial apparatus 4211) 4.123) 4,166} +2.1)  -1.0) -0.1 4,080] 4,048] 4,636] 3,769} +83] 20,981] 18,757
Electric lighting and
wiring equipment 2579) 2.6271 2.4571 -1.8) +691 -49] 2.5201 24481 2,669} 21961 +14.8/ 12,753] 11.393
Communications equipment $0435) 10,834 10,513] -3.7] 43.11 45.8) 9,593! Soni} 11:833] 71674] 425.0] 47626) 37'853
Electronic components... . 23,677) 13.455] 21,093] +76.0 36.2} +14.1f 21.989] 14,718] 20,096] 11'459] +919] go.t91| 70361
‘Transportation equipment 46,799} 45,290] 48,355) +331 -6.3) +3.7) 47,824) 46,587] 53,912] 4616s| +36] 246°510] 240484
Aircraft, missiles,
space vehicles, and parts 9.908) 9.987) 10,3831 -0.8] -5.6 +11. 9,274] 10,017} 12,188] 9,237] 40.4] 53,061] 33,404
Shipbuilding and tanks ..... |. 1,415 426) 830] 232.2] -48.7| -52.9] 1,400 419) 907] 548) 155.5 5,194] 5,420
Instruments and related products... 14.941} 14,155] 16,049] 45.6 -11'8| +103) 14°sa4 13,422) 17,147] 14,055] 43.5] 73,264] 70,435
Search and navigation equipment 3.071) 2,864) 3,415] +72) -16.1) +208) 2.8731 2,644) 3.857] 2/835] 13 15,159] 15,733
Measuring and controlling devices 4.727) 4.604) 5,239 40.7) -10.4F +12.7] 4.682] 4.427] S711 41013] +167] 23°608 20338
Medical instruments and supplies 4,678) 4.230) 4,934] +106] -14.3) +68) 4,525] 4/101 5,008] 4,970) -9.0) 22,806] 23,662
All other durable goods»... . 21,544) 21,294) 21,989] 41.2) -3.2] 42.2) 21'741] 21,344] 231072] 21,444] +14! 105,910] 103,790
Nondurable goods industries 166,579} 163,866] 165,932) +1.7] 1.2) +0.81 166,663] 161,837] 169,591] 151,514 +100] 807,878] 738,074
With unfilled orders 39,849} 39,174) 39,351] 41.7] -0.4f +04) 39,095] 38111] 39/8241 36,818] +62} 190,846] 180.989

» 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 dol
increase from the prior month to the current month.

ote glimates of manufacturers’ shipments, inventories and orders are subject to survey error and revision. One major component of survey error is nonsampling err:
Waugh includes errors of coverage, response, and nonreporting. Since the survey panel is not a probability sample, estimates of sampling eer cannes be cate Re
details on survey design, methodology, and data limitations are contained in our most recent annual benchmark publication, Current Industrial Reports: M3-1(9¢
“Manufacturers” Shipments, Inventories, and Orders: 1987-1996."


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

Seasonally adjusted Not seasonally adjusted’
Monthly Percent Change Monthly Percent] Year to date
Industry change
May} Apr. Mar. | Apr.-| Mar} Feb] May] Apr.| Mar. May | _—_ May
2000°| 2000] 2000 | ‘May | Ape] Mar| 2000"| 2000°| 2000) 1999} 00199 | 2000" | 1999
All manufacturing industries... . . } 380,139] 373,079] 377,562] +19] -1.2}  +1.8| 379,126] 366,810] 400,591] 349,625] +8.4| 1,845,635 1,711,195

Manufacturing Industries
with unfilled orders... . 217,292| 213,457] 213,698] +1.8] 0.1] +2.0 213,405] 206,417] 229,720] 197.615] +8.0] 1,041,378} 972,458
366,792|

without defense capital goods 373,926 370.914] +19] -1.1]  +1.7| 373,109} 360,908] 393,350] 343,142) — +8.7] 1,815,458 1,679,136
Durable goods industries .........| 213,915] 209,309} 211,477] +22] -1.0] +24] 213,161] 205,157] 231,213] 198.773] +7.2/ 1,039,058] 974,314
With unfilled orders... . 177,798] 174,379 174,194] 42.0] +0.1] 42.1] 175,008] 168,490] 190,109] 161,459]  +8.4] 851,833] 792,662
Stone, clay, and glass products . 8.976} 8,891} 9,000] +1.0] -1.2] +04] 9,079] 8.938] 9,000} 8,629] +5.2] 43,166] 40,702
Primary metals... .....{ 15:975]  15;829] 16,042] 40.9} -1.3] +0.5 16,320] 16,338] 16,935] 14,894] +9.6] 81,350] 73,088
Blast furnaces, steel mills... 6,150] 6,020] 6,300) +22) -4.4) 42.1] 6,296] 6.198] 6,688] 5,780] +8.9] 31.617] 28,390
Iron and steel foundries... . . 1474] 1,429] 1,493) $3.1] -4.3) +1.01 1,539] Lagi] 608} 1,581] 2.7] 7,672] 7,800
Nonferrous and other primary
metals 8,351] 8,380] 8,249] -0.3] +16] -0.8) 8,485] 8,649] 8,642] 7,533] +12.6} 42,061] 36,898

Fabricated metal ‘products 20,698} 20,499) 20,859) +1.0} -1.7| +1.6{ 21,037] 20,504) 21,815) 20,751 +14] 102,732] 101,708
Industrial machinery and equipment . 42,241] 42,763} 41,236) -1.2) +3.) +2. 40,830] 41,234] 48,699] 36,517) +11.8] 203,871] 182,035

Engines and turbines 2,699] 2,880] 2,667] -6.3] +80, -3.4| 2,592] 2:574] 3,001] 2,510) +33] 13,144] 11,563
Farm and garden machinery... .. 2,109] 2,011) 2,124] +49) -5.3) 49.91 2,597] 2.875] 3,077] 2,149] +208) 12,576] 11,602
Construction, mining and
material handling equipment 4077] 4,000] 4014] +19] -03) 42.4) 4,137] 4,127] 4,672] 3,833] +7.9| 20,580] 20,077
Metalworking machinery. . 3,749] 3,895] 3,966] -3.7]  -1.8) +9.2] 3,612/ 3.639] 4,226] 3,631] -0.5] 17,834] 16,561
Computer and office equipment 13.955] 14145] 12.972] -1.3] +9.0, +0.4) 12,159] 11,716] 16.651] 10,002] +216] 61,476] 51,590

Electronic and other

electrical equipment... . ..| 39,990] 38,980] 38,782] +2.61 40.5) 42.1] 38,345) 35,805) 41,976) 32,345) +186] 185,210] 157,847

Electrical transmission and
distribution equipment and

industrial apparatus ........ 4214 3,942| 4,200} +6.9] 6.1) +16) 4,121 3,855 4,693 3,735} +103 20,489 18,437
Household appliances... . . 2,483] 2,367) 2,499] +4.9) 5.3) +0.5) 2,484) 2,345] 2,799) 2,341 +6.1 12,099 11,484
Electric lighting and

wiring equipment . . 2,590} 2,509] 2,587) +3.2 3.0 +225) 2,531 2,330} 2,799) 2,343] +8.0 12,427 11,293
Household audio and

video equipment . . . 1114) 1,316] 1,226) -15.3] +73) +73] 961 1,175) 1,193) 946) +16 5,331 4,730,
Communications: equipment bene 10,662] 10,260} 9,916) +3.9) 43.5) +13) 9,986) 8,799] 11,395) 7,669} +30.2 46,653 36,917
Electronic components se 16,834] 16,451] 16,117| 42.3) 42.1] 42.0] 16,217) 15,392] 16,876] 13,028} +24.5 77,980] 64,389

‘Transportation equipment . .
Motor vehicles and parts
Aircraft, missiles,

49,574) 46,614) 48,787) +64) 4.5) +4.1) 51,616} 47,853] 53,705) 50,363 42.5] 246,681] 246,982
33,255] 32,083) 34,329) +3.7 6.5] +3.9} 35,132] 33,646] 38,097) 34,588) +16] 175,116] 171,372

space vehicles, and parts. . . 12,673] 11,089] 10,157] +14.3] 49.2} -1.3] 12,823] 10,826) 11,015] 12,353) 43.8 53,625| 59,145
Shipbuilding and tanks .. . . 1,068) 1,005) 1,074] +63 64) +2.7] 1,064] 993 1,159] 979) +87 5,107 4,703
Instruments and related products . . . 14,918] 14,547) 15,099) +2.6} -3.7/ +2.3) 14,535] 13,667) 16,366} 13,940) +43 71,777] 69,299
Search and navigation equipment 3,028 2,897) 3,167] +4.5) 8.5] +5.5) 2,889) 2,709) 3,441 3,062| 5.6 14,713] 15,313
Measuring and controlling devices . 4,720) 4,723) 4,891 0.1 3.4) +4. 4,675} 4,456 5,363] 4,059] +15.2 23,175] 20,151
Medical instruments and supplies 4,681 4,558) 4,581) +2.7) 0.5} Oo. 4,479] 4,205) 5,011 4,551 16 22,247] 23,029

Photographic goods . . 1,956] 1,855| 1,956) +5.4 5.2 -0. 1,932] 1,769] 2,027) 1,766 49.4 9,131 8,413
All other durable goods . wae 21,543} 21,186) 21,672) +1.7] 2.2) +1 21,399) 20,818} 22,717) 21,334 +03] 104,271] 102,653

Nondurable goods industries . | 166,224} 163,770} 166,085} +1.5 -14{ +1.1] 165,965] 161,653] 169,378] 150,852] +10.0} 806,577] 736,881
With unfilled orders ....... 39,494] 39,078} 39,504] +1.1 -L.1] +1.6] 38,397] 37,927} 39,611] 36,156) +6.2| 189,545] 179,796
Food and kindred products 42,747) 42,724) 42,315] +01] +1.0} +0.6) 42,853] 41,702] 42,999} 41,560} +3.1] 207,343] 202,886

Meat products . . 9,728] 9,794 9,596) -0.7] +2.1 0.11 9,816} 9,632] 9,530) 8,866} +10.7] 47,069] 42,268
Dairy products . . . cee 6,375) 6,387) 6,291 0.2) +15) +2.9] 6,426) 6,101 6,524) 6,447 03 30,814] 32,076
Beverages . . 6,675] 6,637) 6,643] +0.6| 0.1] +0.7] 7,122] 6,682} 6,577) 6,675 46.7 32,075| 30,270

All other foods, except fi fats and oils 18,171} 18,121} 17,905} +03) 41.2) 0. 17,691] 17,502] 18,488) 17,768) -0.4 88,362] 88,809
Tobacco products sane 4,715} 4,354) 4,351) +83) +01) +1 4,934) 3,910] 4,758] 4,072] +21.2 21,927] 20,292
Textile mill products ...... 6,448) 6,517) 6,573) -1.1 0.91 -0.4] 6,459] 6,270] 6.973] 6,610} 23 31,721} 31,692

Broadwoven fabrics and

other textiles ...... 2. 3,598] 3,580] 3,622] +05] -12) 1.4, 3,671) 3,465] 4,008) 3,829] -4.1] 17,951] 18,626
Paper and allied products... . va7sa) 14'5ii] 14,742] 41.7] 1.6, +3.0) 14,583] 14,213] 14,897] 13,258) +100] 71,781) 66,571
Pulp, paper, and
paperboard mill products... ... 5,850] 5,813] 5,793] +06] +03] -0.4) 5,665) 5,670] 5,842] 4,942 +14.6] 28,665} 25,329
Paperboard containers and boxes ..| 4,082| 4,025] 3.993] +14] +08] 43.9] 4,117] 4,043] 4,069] 3,297] 424.9] 19,752) 16,553
Miscellaneous converted
paper products - ...) 4822) 4,673] 4,956 +32] -3.7] +66] 4.801) 4,00] 4,986] 5,019] -4.3] 23,364] 24,689
Chemicals and allied products 37,028] 36,182] 36,275] +23] -0.3] -0.8| 37,040] 36,712] 38,276] 33,721] #98] 181,542] 167,111
Industrial chemicals + 16110] 15,940] 16,084] +11] 0.9} +04} 16,131] 15,995) 16,631] 14,787] +9.1] 80,199] 73,715
Drugs, soaps, and toiletries, |} 17138] 16.481] 16,074] +4.0{ 42.5] -2.6 16,161] 15.809] 16,783] 14,050] +15.0] 79,396] 71,770
Petroleum and coal products ... .. 18.778| 18339| 20191) +24] -9.2] +3.9) 19,531] 18.374] 19,158] 13,758) +42.0] 91,119] 58,369
Rubber and plastics products 14,824 14,380] 14583] 43.1] -Lal +10] 15,252] 14,851] 15,495] 13,865] +10.0] 73,345] 68,293
All other nondurable goods .......| 26930] 26.763) 27.055] +0.6] 1.1] +1.7} 25,313| 25,621) 26,822] 24,008) +5.4] 127,599] 121,667

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