Manufacturers' Shipments,

 Inventories, and Orders: July 2003 Issued September 2003

 M3-1(03)-07

 For Wire Transmission 10:00 a.m. E.D.T., September 4, 2003 Current 

 Industrial

 Reports

For data, call 301-763-4673. For inquiries, contact Dan Sansbury or Derrick Roy, Manufacturers' Shipments, Inventories and Orders Branch, Manufacturing and 

Total Manufacturing Shipments

and Three Month Moving Average

300

320

340

360

380

Jul-01

Sep-01

Nov-01

Jan-02

Mar-02

May-02

Jul-02

Sep-02

Nov-02

Jan-03

Mar-03

May-03

Jul-03

300

320

340

360

380

 Shipments Average

Billions Of Dollars

Total Manufacturing Inventories

and Three Month Moving Average

420

440

460

480

500

Jul-01

Sep-01

Nov-01

Jan-02

Mar-02

May-02

Jul-02

Sep-02

Nov-02

Jan-03

Mar-03

May-03

Jul-03

420

440

460

480

500

 Inventories Average

Billions Of Dollars
2

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

for semiconductor manufacturing.

Summary

New orders for manufactured goods in July increased

$5.3 billion or 1.6 percent to $329.4 billion, the

Department of Commerce, Census Bureau reported

today. This followed a 1.9 percent June increase and

was at the highest level since May 2001. Year to date,

new orders for 2003 were 2.1 percent above the same

period a year ago.

Shipments increased $8.3 billion or 2.5 percent to

$336.9 billion. This followed a 1.5 percent June

increase and was the largest percent increase since

February 2001. Year to date, shipments for 2003 were

1.6 percent above the same period a year ago. 

Unfilled orders decreased $2.1 billion or 0.4 percent

to $485.3 billion, following five consecutive increases

including a 0.3 percent June increase. The unfilled

orders-to-shipments ratio was 3.94, down from 4.07 in

June. This was the lowest ratio since August 2000.

Inventories decreased $2.3 billion or 0.5 percent to

$440.4 billion, following a 0.3 percent June decrease. 

This was the lowest level since September 1997. The

inventories-to-shipments ratio was 1.31, down from 1.35

in June. This tied the ratio for January 2000 and was at

the lowest ratio since the series began in January 1992.

New Orders

New orders for manufactured durable goods in July,

up three consecutive months, increased $1.7 billion or

1.0 percent to $173.9 billion, revised from the

previously published $174.0 billion.

Fabricated metal products had the largest increase,

$0.6 billion or 3.0 percent to $20.5 billion.

New orders for manufactured nondurable goods

increased $3.6 billion or 2.4 percent to $155.4 billion.

Shipments

Shipments of manufactured durable goods in July, up

three consecutive months, increased $4.7 billion or 2.7

percent to $181.5 billion, revised from the previously

published 2.6 percent increase.

Transportation equipment, up three consecutive

months, had the largest increase, $2.1 billion or 4.1

percent to $53.1 billion, led by motor vehicles and

parts, which increased by $1.9 billion.

Shipments of manufactured nondurable goods, up

three consecutive months, increased $3.6 billion or 2.4

percent to $155.4 billion. Basic chemicals had the

largest increase, $3.0 billion or 8.2 percent to $40.0

billion, led by pharmaceuticals and medicines, which

increased by $2.5 billion.

Unfilled Orders

Unfilled orders of manufactured durable goods in

July decreased $2.1 billion or 0.4 percent to $485.3

billion, revised from the previously published $485.5

billion.

Transportation equipment had the largest decrease,

$1.2 billion or 0.5 percent to $246.3 billion, led by

nondefense aircraft and parts, which decreased by $0.4

billion.

Inventories

Inventories of manufactured durable goods in July

decreased $2.2 billion or 0.8 percent to $264.0 billion,

revised from the previously published 0.9 percent

decrease. This was the twenty-ninth decrease over the

past thirty months.

Transportation equipment had the largest decrease,

$1.1 billion or 1.6 percent to $67.1 billion, led by

nondefense aircraft and parts, which decreased by $1.3

billion. 

Inventories of manufactured nondurable goods

decreased $0.1 billion or 0.1 percent to $176.4 billion. 

Plastic and rubber products had the largest decrease, $0.3

billion or 1.3 percent to $20.3 billion.

By stage of fabrication, July materials and supplies

decreased 1.5 percent in durable goods and 1.3 percent in

nondurable goods. Work in process decreased 0.2

percent in durable goods and increased 0.8 percent in

nondurable goods. Finished goods decreased 0.9 percent

in durable goods and increased 0.5 percent in nondurable

goods.

SEE BACK PAGE FOR SURVEY DESCRIPTION

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

For data, call 301-763-4673. For inquiries, contact Dan Sansbury or Derrick Roy, Manufacturers’ Shipments, Inventories, and Orders Branch,

Manufacturing and Construction Division (MCD), Washington, DC 20233-6900, or call 301-763-4832.

The advance report on durable goods for August is scheduled for September 25, 2003 at 8:30 A.M. EDT and the full report on October 2, 2003

at 10:00 A.M. EDT. For sale by the Superintendent of Documents, U.S. Government Printing Office, Washington, DC 20402. 
 3 

Table 1. Value of Manufacturers' Shipments for Industry Groups

[Millions of Dollars]

Seasonally Adjusted Not Seasonally Adjusted 1

Monthly Percent Change Monthly

Industry Percent

Jul Jun May Jun - May -Apr- Jul Jun May Jul Change

2003 p 2003 r 2003 r Jul p Jun r May r 2003 p 2003 r 2003 r 2002 r 2003p 2002 r 03/02

 All manufacturing industries .................. 336,923 328,643 323,920 2.5 1.5 0.4 309,852 348,612 330,134 298,864 2,269,656 2,234,316 1.6

 Excluding transportation ................... 283,855 277,659 274,429 2.2 1.2 0.4 271,328 293,409 277,468 260,325 1,918,940 1,875,114 2.3

 Excluding defense .............................. 327,368 319,825 315,170 2.4 1.5 0.5 301,429 338,775 321,433 291,949 2,209,662 2,181,548 1.3

 With unfilled orders ........................... 123,256 119,631 118,159 3.0 1.2 -0.1 108,858 130,189 119,985 108,681 825,799 846,025 -2.4

 Durable goods industries ........................ 181,476 176,782 173,783 2.7 1.7 0.2 157,852 192,530 177,433 155,915 1,214,810 1,227,011 -1.0

 Wood products................................. ...... 7,579 7,471 7,255 1.4 3.0 -0.7 7,965 8,257 7,609 7,695 51,135 51,248 -0.2

 Nonmetallic mineral products................... 7,304 7,238 7,162 0.9 1.1 0.9 7,599 7,705 7,546 7,433 50,024 51,618 -3.1

 Primary metals............................ .......... 10,848 10,488 10,825 3.4 -3.1 -0.1 10,124 10,934 11,326 10,793 77,191 79,738 -3.2

 Iron and steel mills............................ 4,914 4,661 5,008 5.4 -6.9 -1.2 4,585 4,936 5,197 5,018 35,453 35,847 -1.1

 Aluminum and nonferrous metals......... 4,669 4,575 4,569 2.1 0.1 1.3 4,416 4,671 4,780 4,603 32,745 34,384 -4.8

 Ferrous metal foundries...................... 1,265 1,252 1,248 1.0 0.3 -0.9 1,123 1,327 1,349 1,172 8,993 9,507 -5.4

 Fabricated metal products...................... 20,694 20,179 20,222 2.6 -0.2 0.6 19,864 21,088 20,803 20,308 141,904 145,728 -2.6

 Machinery............................................. 21,236 20,854 20,861 1.8 0.0 1.1 19,709 23,110 21,730 19,715 147,176 150,692 -2.3

 Farm machinery................................. 1,331 1,341 1,321 -0.7 1.5 -5.2 1,258 1,406 1,441 1,284 10,410 9,857 5.6

 Construction machinery..................... 1,792 1,746 1,689 2.6 3.4 0.1 1,708 1,954 1,916 1,602 12,318 12,340 -0.2

 Mining, oil field, and 

 gas field machinery......................... 729 681 714 7.0 -4.6 -0.3 701 735 688 610 4,865 4,492 8.3

 Industrial machinery.......................... 2,914 3,027 3,054 -3.7 -0.9 11.1 2,764 3,496 2,872 2,712 20,300 18,259 11.2

 Photographic equipment...................... 843 810 795 4.1 1.9 3.8 794 922 778 785 5,374 5,306 1.3

 Ventilation, heating, air-conditioning,

 and refrigeration equipment............ 2,617 2,514 2,410 4.1 4.3 0.8 2,552 3,048 2,652 2,433 17,525 18,325 -4.4

 Metalworking machinery..................... 1,707 1,639 1,702 4.1 -3.7 -2.8 1,445 1,803 1,679 1,712 11,595 13,584 -14.6

 Turbines, generators, and other

 power transmission equipment....... 2,729 2,576 2,742 5.9 -6.1 0.1 2,266 2,814 2,847 2,515 18,474 22,825 -19.1

 Material handling equipment............... 1,314 1,306 1,291 0.6 1.2 0.1 1,303 1,374 1,301 1,285 9,319 9,568 -2.6

 Computers and electronic products ......... 35,242 34,884 33,261 1.0 4.9 -1.8 30,376 39,941 31,305 28,463 226,686 219,949 3.1

 Computers........................................ 5,412 4,413 4,354 22.6 1.4 -15.5 5,297 4,913 3,861 4,130 30,882 27,499 12.3

 Computer storage devices................... 1,471 1,719 1,153 -14.4 49.1 -0.9 822 2,382 990 654 8,355 8,076 3.5

 Other peripheral equipment................ 1,557 1,500 1,490 3.8 0.7 -4.9 1,173 1,986 1,265 1,093 9,676 9,267 4.4

 Nondefense communications

 equipment.................................... 6,118 6,234 5,355 -1.9 16.4 -0.9 4,994 7,257 5,073 5,130 38,228 43,318 -11.8

 Defense communications equipment... 440 423 438 4.0 -3.4 2.6 404 435 481 332 2,878 2,590 11.1

 Audio and video equipment.................. 710 678 673 4.7 0.7 1.8 635 639 588 640 4,276 4,721 -9.4

 Semiconductors ................................. 5,464 6,076 6,071 -10.1 0.1 3.4 4,540 6,670 5,618 4,096 38,961 31,486 23.7

 Electronic components........................ 4,039 4,129 4,081 -2.2 1.2 1.1 3,676 4,401 4,052 4,272 27,700 31,665 -12.5

 Nondefense search and navigation

 equipment..................................... 868 850 872 2.1 -2.5 -5.9 803 927 851 804 5,740 5,752 -0.2

 Defense search and navigation

 equipment..................................... 2,847 2,346 2,363 21.4 -0.7 -2.9 2,517 2,574 2,294 1,889 16,433 14,632 12.3

 Electromedical, measuring,

 and control instruments................. 5,839 5,960 5,865 -2.0 1.6 2.6 5,079 7,215 5,742 4,871 40,274 37,032 8.8

 Electrical equipment, appliances, 

 and components................................... 8,553 8,286 8,311 3.2 -0.3 0.1 7,742 9,059 8,361 7,854 57,489 59,677 -3.7

 Electric lighting equipment................... 1,049 1,043 1,035 0.6 0.8 1.0 872 1,131 1,029 854 7,087 7,005 1.2

 Household appliances........................ 1,987 1,940 1,899 2.4 2.2 -0.6 1,837 2,138 1,974 1,792 13,217 13,010 1.6

 Electrical equipment............................ 2,519 2,470 2,446 2.0 1.0 -0.9 2,313 2,766 2,413 2,327 17,008 17,617 -3.5

 Batteries........................................... 548 438 440 25.1 -0.5 -6.0 433 477 415 387 2,981 3,364 -11.4

 Transportation equipment...................... 53,068 50,984 49,491 4.1 3.0 0.3 38,524 55,203 52,666 38,539 350,716 359,202 -2.4

 Automobiles..................................... 7,635 7,022 6,902 8.7 1.7 1.1 4,907 7,370 7,622 4,930 49,273 50,854 -3.1

 Light trucks and utility vehicles............ 11,018 10,248 9,938 7.5 3.1 1.1 6,840 11,061 11,016 6,769 71,961 72,549 -0.8

 Heavy duty trucks ............................. 1,066 1,140 1,097 -6.5 3.9 3.6 1,010 1,274 1,146 1,193 7,471 7,574 -1.4

 Motor vehicle bodies, parts, 

 and trailers.................................... 18,246 17,692 17,216 3.1 2.8 -1.4 13,356 18,589 18,684 13,760 124,064 129,480 -4.2

 Nondefense aircraft and parts.............. 5,946 6,033 5,422 -1.4 11.3 3.4 4,714 7,060 5,187 5,026 38,264 45,094 -15.1

 Defense aircraft and parts.................. 3,441 3,316 3,214 3.8 3.2 -3.6 2,917 3,920 3,119 2,665 21,854 19,178 14.0

 Ships and boats................................. 2,188 2,182 2,125 0.3 2.7 6.0 1,812 2,185 2,292 1,426 14,304 11,827 20.9

 Furniture and related products................. 6,041 5,765 5,870 4.8 -1.8 6.3 5,679 5,799 5,694 5,504 39,511 40,457 -2.3

 Miscellaneous durable goods................. 10,911 10,633 10,525 2.6 1.0 0.4 10,270 11,434 10,393 9,611 72,978 68,702 6.2

 Nondurable goods industries................... 155,447 151,861 150,137 2.4 1.1 0.7 152,000 156,082 152,701 142,949 1,054,846 1,007,305 4.7

 Food products....................................... 38,477 38,697 37,816 -0.6 2.3 -0.2 36,595 38,384 37,515 35,194 259,806 256,784 1.2

 Grain and oilseed milling..................... 4,073 4,004 4,107 1.7 -2.5 1.9 4,008 3,856 4,186 3,859 28,018 27,369 2.4

 Dairy products.................................. 5,563 5,366 5,272 3.7 1.8 -0.3 5,431 5,488 5,416 4,723 36,692 35,654 2.9

 Meat, poultry, and seafood products... 10,964 11,514 10,794 -4.8 6.7 0.1 10,679 11,525 11,208 10,634 76,433 77,056 -0.8

 Beverage and tobacco products............... 9,004 8,970 8,871 0.4 1.1 0.8 9,296 9,383 9,427 9,424 61,877 65,243 -5.2

 Beverages......................................... 5,767 5,773 5,697 -0.1 1.3 -0.3 6,059 6,186 6,253 5,955 40,087 39,079 2.6

 Tobacco............................................ 3,237 3,197 3,174 1.3 0.7 3.0 3,237 3,197 3,174 3,469 21,790 26,164 -16.7

 Textile mills........................................... 3,219 3,207 3,145 0.4 2.0 -2.4 2,946 3,493 3,208 3,440 22,994 25,205 -8.8

 Textile products................................... 2,887 2,836 2,807 1.8 1.0 -0.9 2,915 3,074 2,887 2,840 19,881 19,815 0.3

 Apparel................................................ 4,305 4,346 4,261 -0.9 2.0 1.1 4,494 4,255 3,871 4,734 29,611 30,463 -2.8

 Leather and allied products..................... 920 916 912 0.4 0.4 -1.8 852 912 851 855 6,159 5,524 11.5

 Paper products...................................... 13,457 13,459 13,403 0.0 0.4 0.4 13,256 13,811 13,353 12,593 92,438 85,751 7.8

 Pulp, paper, and paperboard mills....... 5,846 5,769 5,806 1.3 -0.6 -0.2 5,811 5,828 5,690 5,963 40,453 39,748 1.8

 Paperboard containers........................ 3,616 3,721 3,703 -2.8 0.5 0.0 3,560 3,836 3,756 3,699 25,611 25,324 1.1

 Printing................................................. 7,878 7,952 8,095 -0.9 -1.8 -0.6 7,368 7,689 7,779 7,679 54,168 54,670 -0.9

 Petroleum and coal products.................. 19,841 19,218 18,810 3.2 2.2 5.8 20,646 20,228 19,984 18,290 136,588 114,716 19.1

 Petroleum refineries.......................... 18,126 17,637 17,118 2.8 3.0 6.4 18,638 18,345 18,157 16,348 125,162 103,718 20.7

 Basic chemicals...................................... 39,955 36,918 36,867 8.2 0.1 -0.2 38,440 38,828 37,822 33,238 263,610 245,329 7.5

 Pesticides, fertilizers, and other

 agricultural chemicals..................... 1,596 1,550 1,396 3.0 11.0 0.6 1,340 1,707 2,070 1,241 12,179 13,305 -8.5

 Pharmaceuticals and medicines............ 11,817 9,289 9,577 27.2 -3.0 -1.2 10,591 9,414 9,234 8,238 67,909 67,169 1.1

 Paints, coatings, and adhesives.......... 2,358 2,324 2,301 1.5 1.0 -2.8 2,543 2,543 2,542 2,529 16,804 16,758 0.3

 Plastics and rubber products.................. 15,504 15,342 15,150 1.1 1.3 1.2 15,192 16,025 16,004 14,662 107,714 103,805 3.8

p Preliminary r

 Revised NA Not available.

1

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

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

Year to date
 4

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

[Millions of Dollars]

Seasonally Adjusted Not Seasonally Adjusted 1

Monthly Percent Change Monthly

Industry Percent

Jul Jun May Jun - May -Apr- Jul Jun May Jul Change

2003 p 2003 r 2003 r Jul p Jun r May r 2003 p 2003 r 2003 r 2002 r 2003p 2002 r 03/02

All manufacturing industries 2................... 329,386 324,098 318,144 1.6 1.9 0.3 302,161 339,178 323,336 294,865 2,236,310 2,189,919 2.1

 Excluding transportation 2

................... 277,479 271,793 268,362 2.1 1.3 0.8 266,378 284,521 271,468 254,982 1,884,272 1,834,244 2.7

 Excluding defense 2

............................. 320,436 314,511 308,639 1.9 1.9 0.6 296,502 329,817 315,180 287,306 2,170,365 2,133,464 1.7

 With unfilled orders 2

.......................... 121,183 121,162 118,454 0.0 2.3 -0.1 105,707 127,425 118,805 108,778 831,414 833,114 -0.2

 Durable goods industries 2........................ 173,939 172,237 168,007 1.0 2.5 0.0 150,161 183,096 170,635 151,916 1,181,464 1,182,614 -0.1

 Primary metals............................ ............ 10,820 10,598 10,649 2.1 -0.5 -0.7 10,096 11,024 11,056 10,555 77,019 79,778 -3.5

 Iron and steel mills.............................. 4,943 4,672 5,003 5.8 -6.6 1.0 4,580 4,982 5,206 4,892 35,269 37,038 -4.8

 Aluminum and nonferrous metals......... 4,593 4,667 4,420 -1.6 5.6 -1.9 4,399 4,738 4,563 4,549 32,744 33,470 -2.2

 Ferrous metal foundries...................... 1,284 1,259 1,226 2.0 2.7 -3.2 1,117 1,304 1,287 1,114 9,006 9,270 -2.8

 Fabricated metal products...................... 20,475 19,873 20,186 3.0 -1.6 2.5 20,244 20,568 21,215 21,002 141,756 146,456 -3.2

 Machinery............................................. 20,802 20,502 19,971 1.5 2.7 -0.6 19,367 21,833 20,652 19,507 145,743 144,168 1.1

 Construction machinery....................... 1,820 1,673 1,759 8.8 -4.9 2.7 1,666 1,730 1,949 1,464 12,244 12,249 0.0

 Mining, oil field, and

 gas field machinery......................... 698 687 685 1.6 0.3 -2.7 670 741 659 538 4,726 4,363 8.3

 Industrial machinery............................ 2,675 2,924 2,879 -8.5 1.6 19.8 2,747 3,058 2,721 3,450 20,634 19,288 7.0

 Photographic equipment...................... 831 838 786 -0.8 6.6 2.1 813 936 769 799 5,570 5,385 3.4

 Ventilation, heating, air-conditioning,

 and refrigeration equipment............ 2,760 2,433 2,425 13.4 0.3 -1.1 2,687 2,845 2,692 2,447 17,911 18,584 -3.6

 Metalworking machinery....................... 1,707 1,784 1,664 -4.3 7.2 -1.5 1,491 1,854 1,666 1,770 11,668 13,423 -13.1

 Turbines, generators, and other 

 power transmission equipment.......... 2,392 2,283 2,239 4.8 2.0 -7.4 1,999 2,488 2,341 1,858 16,001 16,092 -0.6

 Material handling equipment............... 1,347 1,215 1,242 10.9 -2.2 -8.5 1,205 1,274 1,108 1,138 9,136 9,025 1.2

 Computers and electronic products 2...... 29,766 29,328 28,291 1.5 3.7 1.7 25,094 32,768 26,237 22,976 192,402 185,489 3.7

 Computers........................................ 4,904 4,677 4,997 4.9 -6.4 -1.4 4,592 5,043 4,883 3,698 31,012 26,951 15.1

 Nondefense communications

 equipment...................................... 6,713 5,922 5,901 13.4 0.4 -5.5 5,365 6,091 5,511 4,851 43,166 42,737 1.0

 Defense communications equipment... 418 461 425 -9.3 8.5 8.7 382 473 468 270 3,054 2,433 25.5

 Semiconductors 3................................ (NA) (NA) (NA) (NA) (NA) (NA) (NA) (NA) (NA) (NA) (NA) (NA) (NA)

 Electronic components........................ 3,733 3,901 4,157 -4.3 -6.2 43.6 3,488 4,289 3,948 4,303 25,285 31,439 -19.6

 Nondefense search and navigation

 equipment..................................... 928 862 1,018 7.7 -15.3 16.2 857 915 981 722 5,996 5,501 9.0

 Defense search and navigation

 equipment...................................... 2,821 2,328 2,096 21.2 11.1 -27.0 1,865 2,672 1,416 1,132 16,571 12,905 28.4

 Electromedical, measuring,

 and control instruments.................... 6,034 6,724 5,835 -10.3 15.2 5.2 5,479 7,736 5,697 5,061 41,728 37,548 11.1

 Electrical equipment, appliances, 

 and components................................... 8,388 8,389 8,226 0.0 2.0 -0.7 7,853 8,945 8,193 7,734 57,621 59,491 -3.1

 Electric lighting equipment................... 1,016 1,053 1,012 -3.5 4.1 11.2 854 1,160 1,024 888 7,084 7,132 -0.7

 Household appliances.......................... 1,985 1,880 1,857 5.6 1.2 -16.6 1,925 1,954 1,861 1,854 13,331 12,771 4.4

 Electrical equipment............................ 2,451 2,578 2,489 -4.9 3.6 -0.7 2,331 2,789 2,472 1,933 17,371 17,286 0.5

 Transportation equipment........................ 51,907 52,305 49,782 -0.8 5.1 -2.3 35,783 54,657 51,868 39,883 352,038 355,675 -1.0

 Motor vehicle bodies, parts, 

 and trailers..................................... 18,377 17,685 17,009 3.9 4.0 -2.5 13,717 18,311 18,194 14,191 123,973 130,269 -4.8

 Nondefense aircraft and parts.............. 5,516 6,242 4,536 -11.6 37.6 -17.9 3,990 7,024 4,214 4,901 32,197 35,014 -8.0

 Defense aircraft and parts................... 3,172 3,920 4,624 -19.1 -15.2 5.7 1,856 3,651 4,484 5,015 26,768 25,785 3.8

 Ships and boats.................................. 1,868 2,127 1,954 -12.2 8.9 12.2 1,103 2,003 1,868 750 12,190 12,252 -0.5

 Furniture and related products................. 5,996 5,870 5,902 2.1 -0.5 3.9 5,899 5,875 5,808 5,594 40,260 40,411 -0.4

 Nondurable goods industries.................. 155,447 151,861 150,137 2.4 1.1 0.7 152,000 156,082 152,701 142,949 1,054,846 1,007,305 4.7

p

 Preliminary r Revised NA Not available.

1

 New orders are the totals for the period and are adjusted for trading-day and calendar-month variations. 2

 Estimates and percent changes for new orders exclude semiconductor industry data. 

3 Data on new orders are not available for the semiconductor industry. 

Note: Estimates of manufacturers' shipments, inventories and orders are subject to survey error and revision. One major component of survey error is nonsampling

error, which includes errors of coverage, response, and nonreporting. Since the survey panel is not a probability sample, estimates of sampling error cannot be

calculated. Further details on survey design, methodology, and data limitations are contained in our most recent annual benchmark publication,

Current Industrial Reports: M3-1(02), "Manufacturers' Shipments, Inventories, and Orders: 1992-2002."

Year to date
 5 

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

[Millions of Dollars]

Seasonally Adjusted Not Seasonally Adjusted

Monthly Percent Change Monthly Percent

Industry Change

Jul Jun May Jun - May -Apr- Jul Jun May Jul Jul

2003 p 2003 r 2003 r Jul p Jun r May r 2003 p 2003 r 2003 r 2002 r 03/02

All manufacturing industries 1................... 485,287 487,360 485,829 -0.4 0.3 0.1 486,294 489,445 492,209 499,609 -2.7

 Excluding transportation 1

................... 238,939 239,851 239,641 -0.4 0.1 0.0 240,556 240,966 243,184 251,689 -4.4

 Excluding defense 1

............................. 334,603 336,071 335,309 -0.4 0.2 -0.1 335,798 336,185 338,473 354,250 -5.2

 Durable goods industries 1........................ 485,287 487,360 485,829 -0.4 0.3 0.1 486,294 489,445 492,209 499,609 -2.7

 Primary metals........................................ 14,049 14,077 13,967 -0.2 0.8 -1.2 14,287 14,315 14,225 16,340 -12.6

 Iron and steel mills.............................. 7,413 7,384 7,373 0.4 0.1 -0.1 7,616 7,621 7,575 9,106 -16.4

 Aluminum and nonferrous metals......... 4,409 4,485 4,393 -1.7 2.1 -3.3 4,480 4,497 4,430 5,041 -11.1

 Ferrous metal foundries...................... 2,227 2,208 2,201 0.9 0.3 -1.0 2,191 2,197 2,220 2,193 -0.1

 Fabricated metal products...................... 35,898 36,117 36,423 -0.6 -0.8 -0.1 36,752 36,372 36,892 40,452 -9.1

 Machinery.............................................. 40,999 41,433 41,785 -1.0 -0.8 -2.1 40,987 41,329 42,606 46,988 -12.8

 Construction machinery....................... 1,996 1,968 2,041 1.4 -3.6 3.6 1,935 1,977 2,201 2,037 -5.0

 Mining, oil field, and

 gas field machinery......................... 759 790 784 -3.9 0.8 -3.6 759 790 784 927 -18.1

 Industrial machinery............................ 7,651 7,890 7,993 -3.0 -1.3 -2.1 7,806 7,823 8,261 8,447 -7.6

 Photographic equipment...................... 726 738 710 -1.6 3.9 -1.3 750 731 717 542 38.4

 Ventilation, heating, air-conditioning,

 and refrigeration equipment............ 4,284 4,141 4,222 3.5 -1.9 0.4 4,382 4,247 4,450 4,522 -3.1

 Metalworking machinery....................... 3,689 3,689 3,544 0.0 4.1 -1.1 3,716 3,670 3,619 3,652 1.8

 Turbines, generators, and other 

 power transmission equipment.......... 8,286 8,623 8,916 -3.9 -3.3 -5.3 8,257 8,524 8,850 13,968 -40.9

 Material handling equipment............... 4,832 4,799 4,890 0.7 -1.9 -1.0 4,706 4,804 4,904 4,662 0.9

 Computers and electronic products 1...... 123,348 123,360 122,840 0.0 0.4 0.9 123,494 124,236 124,739 123,509 0.0

 Computers......................................... 8,306 8,814 8,550 -5.8 3.1 8.1 8,254 8,959 8,829 6,627 24.6

 Nondefense communications

 equipment...................................... 46,584 45,989 46,301 1.3 -0.7 1.2 46,743 46,372 47,538 46,336 0.9

 Defense communications equipment... 3,118 3,140 3,102 -0.7 1.2 -0.4 3,118 3,140 3,102 2,885 8.1

 Semiconductors 2

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

 Electronic components.......................... 12,996 13,302 13,530 -2.3 -1.7 0.6 13,069 13,257 13,369 17,681 -26.1

 Nondefense search and navigation

 equipment..................................... 4,701 4,641 4,629 1.3 0.3 3.3 4,745 4,691 4,703 4,623 2.6

 Defense search and navigation

 equipment...................................... 33,952 33,978 33,996 -0.1 -0.1 -0.8 33,772 34,424 34,326 33,168 1.8

 Electromedical, measuring,

 and control instruments.................... 13,691 13,496 12,732 1.4 6.0 -0.2 13,793 13,393 12,872 12,189 13.2

 Electrical equipment, appliances, 

 and components................................... 13,832 13,997 13,894 -1.2 0.7 -0.6 13,924 13,813 13,927 14,266 -2.4

 Electric lighting equipment................... 1,399 1,432 1,422 -2.3 0.7 -1.6 1,452 1,470 1,441 1,455 -0.2

 Household appliances.......................... 1,092 1,094 1,154 -0.2 -5.2 -3.5 1,013 925 1,109 946 7.1

 Electrical equipment............................ 8,376 8,444 8,336 -0.8 1.3 0.5 8,434 8,416 8,393 8,475 -0.5

 Transportation equipment........................ 246,348 247,509 246,188 -0.5 0.5 0.1 245,738 248,479 249,025 247,920 -0.9

 Motor vehicle bodies, parts, 

 and trailers..................................... 12,045 11,914 11,921 1.1 -0.1 -1.7 12,042 11,681 11,959 12,875 -6.5

 Nondefense aircraft and parts.............. 106,003 106,433 106,224 -0.4 0.2 -0.8 105,427 106,151 106,187 112,718 -6.5

 Defense aircraft and parts................... 60,278 60,547 59,943 -0.4 1.0 2.4 60,878 61,939 62,208 57,611 5.7

 Ships and boats.................................. 18,871 19,191 19,246 -1.7 -0.3 -0.9 18,534 19,243 19,425 20,654 -10.3

 Furniture and related products................. 5,704 5,749 5,644 -0.8 1.9 0.6 6,003 5,783 5,707 6,248 -3.9

p

 Preliminary r Revised NA Not available.

1

 Estimates and percent changes for new orders exclude semiconductor industry data. 

2 Data on new orders are not available for the semiconductor industry. 

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

Table 4. Value of Manufacturers' Inventories for Industry Groups

[Millions of Dollars]

Seasonally Adjusted Not Seasonally Adjusted

Monthly Percent Change Monthly Percent

Industry Change

Jul Jun May Jun - May -Apr- Jul Jun May Jul Jul

2003 p 2003 r 2003 r Jul p Jun r May r 2003 p 2003 r 2003 r 2002 r 03/02

 All manufacturing industries..................... 440,361 442,666 444,049 -0.5 -0.3 -0.3 441,747 439,285 446,790 444,107 -0.5

 Excluding transportation...................... 373,292 374,505 375,399 -0.3 -0.2 -0.3 374,125 371,947 377,871 376,848 -0.7

 Excluding defense............................. 417,255 419,621 421,499 -0.6 -0.4 -0.2 418,468 416,233 424,137 423,352 -1.2

 With unfilled orders............................. 206,785 209,126 211,245 -1.1 -1.0 -0.3 207,612 207,548 212,806 216,080 -3.9

 Durable goods industries........................ 263,962 266,154 268,449 -0.8 -0.9 -0.3 265,074 264,092 270,686 274,003 -3.3

 Wood products........................................ 9,454 9,492 9,598 -0.4 -1.1 -1.5 9,275 9,282 9,496 9,637 -3.8

 Nonmetallic mineral products................... 9,923 9,888 9,882 0.4 0.1 1.3 9,945 9,957 10,044 9,307 6.9

 Primary metals........................................ 17,975 18,222 18,931 -1.4 -3.7 -0.8 17,951 18,056 18,717 18,485 -2.9

 Iron and steel mills.............................. 9,791 10,046 10,832 -2.5 -7.3 -0.5 9,788 9,866 10,609 10,155 -3.6

 Aluminum and nonferrous metals......... 6,466 6,465 6,380 0.0 1.3 -1.0 6,465 6,447 6,347 6,650 -2.8

 Ferrous metal foundries...................... 1,718 1,711 1,719 0.4 -0.5 -1.8 1,698 1,743 1,761 1,680 1.1

 Fabricated metal products......................... 31,131 31,479 31,678 -1.1 -0.6 0.2 31,168 31,403 31,803 31,878 -2.2

 Machinery.............................................. 41,878 42,032 42,465 -0.4 -1.0 -0.4 41,641 41,590 42,625 43,548 -4.4

 Farm machinery.................................. 2,189 2,184 2,183 0.2 0.0 0.0 2,106 2,150 2,183 2,039 3.3

 Construction machinery........................ 3,440 3,455 3,463 -0.4 -0.2 -1.1 3,374 3,403 3,461 3,659 -7.8

 Mining, oil field, 

 and gas field machinery.................. 2,290 2,279 2,270 0.5 0.4 0.3 2,297 2,311 2,303 2,252 2.0

 Industrial machinery............................ 6,617 6,715 6,812 -1.5 -1.4 -1.2 6,595 6,700 6,939 7,399 -10.9

 Photographic equipment...................... 1,405 1,388 1,428 1.2 -2.8 -0.4 1,402 1,376 1,467 1,409 -0.5

 Ventilation, heating, air-conditioning,

 and refrigeration equipment............ 4,071 4,055 4,033 0.4 0.5 -0.3 4,090 4,034 4,163 3,933 4.0

 Metalworking machinery....................... 4,508 4,569 4,522 -1.3 1.0 -0.6 4,587 4,535 4,547 4,816 -4.8

 Turbines, generators, and other

 power transmission equipment.......... 4,086 4,180 4,227 -2.2 -1.1 -0.4 4,125 4,101 4,179 4,696 -12.2

 Material handling equipment............... 2,333 2,338 2,328 -0.2 0.4 1.9 2,293 2,340 2,355 2,384 -3.8

 Computers and electronic products......... 47,456 47,791 48,074 -0.7 -0.6 -1.2 48,080 47,257 49,229 54,049 -11.0

 Computers......................................... 2,528 2,742 2,565 -7.8 6.9 3.1 2,501 2,665 2,724 2,554 -2.1

 Computer storage devices................... 1,188 1,182 1,189 0.5 -0.6 -0.3 1,233 1,132 1,339 1,358 -9.2

 Other peripheral equipment................ 2,333 2,365 2,385 -1.4 -0.8 -2.9 2,394 2,307 2,466 2,749 -12.9

 Nondefense communications

 equipment..................................... 9,975 10,075 10,365 -1.0 -2.8 -0.8 10,081 9,839 10,605 14,232 -29.2

 Defense communications equipment...... 1,283 1,284 1,263 -0.1 1.7 -3.7 1,283 1,284 1,263 1,098 16.8

 Audio and video equipment.................. 988 956 986 3.3 -3.0 -7.1 1,024 933 948 1,130 -9.4

 Semiconductors1

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

 Electronic components.......................... 7,641 7,644 7,698 0.0 -0.7 -1.1 7,735 7,616 7,885 8,168 -5.3

 Nondefense search and navigation

 equipment...................................... 2,651 2,664 2,628 -0.5 1.4 -0.1 2,689 2,632 2,644 2,737 -1.8

 Defense search and navigation

 equipment...................................... 2,730 2,825 2,900 -3.4 -2.6 -9.6 2,789 2,845 2,932 3,139 -11.2

 Electromedical, measuring 

 and control instruments.................... 10,194 10,152 10,198 0.4 -0.5 0.5 10,240 10,051 10,343 10,326 -0.8

 Electrical equipment, appliances, 

 and components................................... 12,402 12,526 12,635 -1.0 -0.9 -0.1 12,421 12,507 12,986 13,336 -6.9

 Electric lighting equipment................... 1,494 1,507 1,517 -0.9 -0.7 -0.3 1,519 1,517 1,547 1,583 -4.0

 Household appliances.......................... 2,067 2,043 2,045 1.2 -0.1 -1.7 2,072 2,064 2,201 2,167 -4.4

 Electrical equipment............................ 3,998 4,074 4,101 -1.9 -0.7 0.8 3,946 3,991 4,144 4,160 -5.1

 Batteries............................................ 552 547 563 0.9 -2.8 3.3 578 566 587 653 -11.5

 Transportation equipment...................... 67,069 68,161 68,650 -1.6 -0.7 0.1 67,622 67,338 68,919 67,259 0.5

 Automobiles....................................... 1,870 1,945 1,974 -3.9 -1.5 0.9 1,977 1,873 2,013 2,134 -7.4

 Light trucks and utility vehicles............ 2,350 2,243 2,154 4.8 4.1 -1.7 2,456 2,175 2,216 2,386 2.9

 Heavy duty trucks .............................. 732 721 730 1.5 -1.2 -2.7 738 700 730 887 -16.8

 Motor vehicle bodies, parts, 

 and trailers..................................... 15,308 15,469 15,699 -1.0 -1.5 -0.5 15,471 15,305 15,588 15,628 -1.0

 Nondefense aircraft and parts.............. 24,413 25,673 26,354 -4.9 -2.6 1.3 24,427 25,211 26,524 26,100 -6.4

 Defense aircraft and parts..................... 10,933 10,811 10,484 1.1 3.1 -0.7 11,016 10,739 10,486 9,539 15.5

 Ships and boats.................................. 2,741 2,779 2,647 -1.4 5.0 0.0 2,770 2,788 2,659 2,438 13.6

 Furniture and related products................. 7,873 7,861 7,850 0.2 0.1 -0.4 8,029 8,001 7,955 7,952 1.0

 Miscellaneous durable goods.................... 18,801 18,702 18,686 0.5 0.1 0.0 18,942 18,701 18,912 18,552 2.1

 Nondurable goods industries................... 176,399 176,512 175,600 -0.1 0.5 -0.2 176,673 175,193 176,104 170,104 3.9

 Food products........................................ 33,090 33,149 33,160 -0.2 0.0 0.7 32,443 31,930 32,223 31,692 2.4

 Grain and oilseed milling..................... 3,519 3,580 3,575 -1.7 0.1 0.4 3,359 3,373 3,307 3,274 2.6

 Dairy products.................................... 3,495 3,548 3,602 -1.5 -1.5 1.3 3,610 3,668 3,735 3,597 0.4

 Meat, poultry, and seafood products...... 6,060 5,959 5,964 1.7 -0.1 0.8 5,997 5,877 6,018 5,661 5.9

 Beverage and tobacco products............... 14,594 14,561 14,583 0.2 -0.2 -0.5 14,036 14,139 14,316 13,912 0.9

 Beverages......................................... 9,732 9,669 9,676 0.7 -0.1 -0.6 9,505 9,547 9,628 9,038 5.2

 Tobacco........................................... 4,862 4,892 4,907 -0.6 -0.3 -0.4 4,531 4,592 4,688 4,874 -7.0

 Textile mills........................................... 5,058 5,123 5,097 -1.3 0.5 0.4 5,152 5,166 5,256 5,111 0.8

 Textile products...................................... 4,984 4,994 5,012 -0.2 -0.4 -0.1 5,041 5,087 5,158 4,979 1.2

 Apparel................................................. 7,402 7,329 7,263 1.0 0.9 0.4 7,745 7,634 7,388 7,271 6.5

 Leather and allied products..................... 1,686 1,672 1,671 0.8 0.1 1.0 1,758 1,695 1,685 1,601 9.8

 Paper products....................................... 14,939 14,989 14,977 -0.3 0.1 0.3 14,896 14,963 15,057 14,458 3.0

 Pulp, paper, and paperboard mills.......... 6,688 6,649 6,623 0.6 0.4 0.9 6,657 6,661 6,699 6,545 1.7

 Paperboard containers........................ 4,270 4,284 4,291 -0.3 -0.2 -0.1 4,260 4,250 4,265 4,001 6.5

 Printing.................................................. 6,220 6,162 6,283 0.9 -1.9 0.3 6,485 6,163 6,162 6,652 -2.5

 Petroleum and coal products..................... 15,258 15,422 15,018 -1.1 2.7 -6.1 15,580 15,732 15,643 15,287 1.9

 Petroleum refineries............................. 13,722 13,879 13,431 -1.1 3.3 -6.9 13,982 14,098 13,960 13,754 1.7

 Basic chemicals...................................... 52,836 52,518 52,087 0.6 0.8 0.4 53,178 52,156 52,529 50,804 4.7

 Pesticides, fertilizers, and other

 agricultural chemicals....................... 2,370 2,416 2,432 -1.9 -0.7 0.9 2,044 2,148 2,388 2,155 -5.2

 Pharmaceuticals and medicines............ 20,806 20,455 20,116 1.7 1.7 0.7 21,161 20,416 20,279 19,513 8.4

 Paints, coatings, and adhesives............. 2,732 2,743 2,775 -0.4 -1.2 -0.1 2,789 2,783 2,824 2,777 0.4

 Plastics and rubber products..................... 20,332 20,593 20,449 -1.3 0.7 0.8 20,359 20,528 20,687 18,337 11.0

p

 Preliminary r Revised NA Not available.

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

See note at end of Table 2 relating to survey error and revision.
 7 

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

 Topical Series 1

[Millions of Dollars]

Seasonally Adjusted Not Seasonally Adjusted2

Monthly Percent Change Monthly Year to date Percent

Industry Change6

Jul Jun May Jun - May -Apr- Jul Jun May Jul 2003/

2003 p 2003 r 2003 r Jul p Jun r May r 2003 p 2003 r 2003 r 2002 r 2003p 2002 r 2002

SHIPMENTS

 All manufacturing industries .................. 336,923 328,643 323,920 2.5 1.5 0.4 309,852 348,612 330,134 298,864 2,269,656 2,234,316 1.6

 Construction materials and supplies...... 35,210 34,432 34,124 2.3 0.9 0.0 35,495 37,363 35,758 35,115 240,169 243,195 -1.2

 Information technology......................... 29,032 27,884 26,395 4.1 5.6 -2.8 25,241 32,339 24,943 23,374 182,595 180,785 1.0

 Computers and related products .......... 8,440 7,632 6,997 10.6 9.1 -11.2 7,292 9,281 6,116 5,877 48,913 44,842 9.1

 Motor vehicle and parts........................ 37,965 36,102 35,153 5.2 2.7 0.0 26,113 38,294 38,468 26,652 252,769 260,457 -3.0

 Capital goods...................................... 66,405 64,324 62,217 3.2 3.4 -0.4 59,348 72,431 61,407 56,544 432,994 432,514 0.1

 Nondefense capital goods 3

.................. 58,143 56,869 54,779 2.2 3.8 -0.4 51,984 64,336 53,989 50,618 381,864 387,758 -1.5

 Excluding aircraft............................. 55,265 53,903 52,436 2.5 2.8 -0.9 49,789 60,649 51,541 48,113 364,401 364,112 0.1

 Defense capital goods 4

....................... 8,262 7,455 7,438 10.8 0.2 -0.7 7,364 8,095 7,418 5,926 51,130 44,756 14.2

 Consumer goods.................................. 130,135 125,404 123,702 3.8 1.4 1.2 119,312 128,655 126,126 112,360 866,704 840,163 3.2

 Consumer durable goods..................... 34,169 32,472 32,080 5.2 1.2 1.8 25,629 34,383 34,004 25,250 225,499 227,508 -0.9

 Consumer nondurable goods............... 95,966 92,932 91,622 3.3 1.4 1.0 93,683 94,272 92,122 87,110 641,205 612,655 4.7

 All manufacturing industries 5................. 329,386 324,098 318,144 1.6 1.9 0.3 302,161 339,178 323,336 294,865 2,236,310 2,189,919 2.1

 Construction materials and supplies...... 35,032 34,074 34,062 2.8 0.0 1.1 35,851 36,817 36,164 35,797 240,192 244,941 -1.9

 Information technology......................... 29,252 28,705 27,348 1.9 5.0 -1.8 24,729 31,980 25,479 22,144 189,541 178,373 6.3

 Computers and related products .......... 7,932 7,896 7,640 0.5 3.4 -2.0 6,587 9,411 7,138 5,445 49,043 44,294 10.7

 Motor vehicle and parts........................ 38,096 36,095 34,946 5.5 3.3 -0.6 26,474 38,016 37,978 27,083 252,678 261,246 -3.3

 Capital goods...................................... 65,209 65,768 63,388 -0.8 3.8 -2.3 56,206 70,536 61,506 52,735 441,556 412,913 6.9

 Nondefense capital goods 3.................. 57,815 57,351 55,367 0.8 3.6 -0.9 51,469 62,497 54,603 49,201 384,583 369,091 4.2

 Excluding aircraft............................. 54,705 54,728 53,705 0.0 1.9 1.0 49,336 59,398 52,923 46,991 372,124 356,297 4.4

 Defense capital goods 4....................... 7,394 8,417 8,021 -12.2 4.9 -11.0 4,737 8,039 6,903 3,534 56,973 43,822 30.0

 Consumer goods.................................. 129,972 125,334 123,606 3.7 1.4 0.9 119,430 128,318 125,951 112,568 866,853 839,290 3.3

 Consumer durable goods..................... 34,006 32,402 31,984 5.0 1.3 0.5 25,747 34,046 33,829 25,458 225,648 226,635 -0.4

 Consumer nondurable goods.............. 95,966 92,932 91,622 3.3 1.4 1.0 93,683 94,272 92,122 87,110 641,205 612,655 4.7

 All manufacturing industries 5................. 485,287 487,360 485,829 -0.4 0.3 0.1 486,294 489,445 492,209 499,609 3,429,865 (X) -2.7

 Construction materials and supplies...... 30,260 30,438 30,796 -0.6 -1.2 -0.2 31,156 30,800 31,346 33,604 217,803 (X) -7.3

 Information technology......................... 114,043 113,823 113,002 0.2 0.7 0.9 114,200 114,712 115,071 109,760 792,786 (X) 4.0

 Computers and related products .......... 8,306 8,814 8,550 -5.8 3.1 8.1 8,254 8,959 8,829 6,627 57,575 (X) 24.6

 Motor vehicle and parts........................ 12,045 11,914 11,921 1.1 -0.1 -1.7 12,042 11,681 11,959 12,875 86,214 (X) -6.5

 Capital goods...................................... 347,631 348,827 347,383 -0.3 0.4 0.3 347,273 350,415 352,310 345,000 2,439,339 (X) 0.7

 Nondefense capital goods 3..................216,134 216,462 215,980 -0.2 0.2 0.3 216,121 216,636 218,475 220,064 1,519,452 (X) -1.8

 Excluding aircraft............................. 135,431 135,991 135,166 -0.4 0.6 0.9 135,994 136,447 137,698 137,127 944,757 (X) -0.8

 Defense capital goods 4....................... 131,497 132,365 131,403 -0.7 0.7 0.4 131,152 133,779 133,835 124,936 919,887 (X) 5.0

 Consumer goods.................................. 12,002 12,165 12,235 -1.3 -0.6 -0.8 12,016 11,898 12,235 12,371 85,397 (X) -2.9

 Consumer durable goods..................... 12,002 12,165 12,235 -1.3 -0.6 -0.8 12,016 11,898 12,235 12,371 85,397 (X) -2.9 

 All manufacturing industries .................. 440,361 442,666 444,049 -0.5 -0.3 -0.3 441,747 439,285 446,790 444,107 3,108,287 (X) -0.5

 Construction materials and supplies...... 46,990 47,241 47,553 -0.5 -0.7 -0.1 46,899 46,989 47,821 46,618 333,904 (X) 0.6

 Information technology......................... 40,023 40,436 40,782 -1.0 -0.8 -1.2 40,405 39,873 41,701 45,951 289,800 (X) -12.1

 Computers and related products .......... 6,049 6,289 6,139 -3.8 2.4 0.0 6,128 6,104 6,529 6,661 43,619 (X) -8.0

 Motor vehicle and parts........................ 20,260 20,378 20,557 -0.6 -0.9 -0.6 20,642 20,053 20,547 21,035 144,176 (X) -1.9

 Capital goods...................................... 124,663 126,711 127,327 -1.6 -0.5 -0.2 125,009 125,412 128,695 133,565 893,280 (X) -6.4

 Nondefense capital goods 3

..................105,933 107,844 109,069 -1.8 -1.1 -0.1 106,217 106,594 110,252 116,274 765,132 (X) -8.6

 Excluding aircraft............................. 88,850 89,379 89,933 -0.6 -0.6 -0.2 89,165 88,533 91,235 96,627 634,844 (X) -7.7

 Defense capital goods 4....................... 18,730 18,867 18,258 -0.7 3.3 -1.0 18,792 18,818 18,443 17,291 128,148 (X) 8.7

 Consumer goods.................................. 135,024 134,710 133,988 0.2 0.5 -0.6 135,226 133,529 134,221 131,766 937,584 (X) 2.6

 Consumer durable goods..................... 27,325 27,264 27,377 0.2 -0.4 -0.9 27,651 27,093 27,730 27,994 192,623 (X) -1.2

 Consumer nondurable goods............... 107,699 107,446 106,611 0.2 0.8 -0.5 107,575 106,436 106,491 103,772 744,961 (X) 3.7

p

 Preliminary r Revised X Not Applicable.

1

 Topical series are regroupings of the separate industry categories. 2

 Shipments and new orders are the totals for the period and are adjusted for trading-day and calendar-month variations. 3

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

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

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

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

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

and supplies.

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

and search and navigation equipment.

5 Estimates and percent changes exclude semiconductor industry data. 6

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

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

NEW ORDERS

UNFILLED ORDERS

TOTAL INVENTORIES
 8

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

 

[Millions of Dollars]

Seasonally Adjusted Not Seasonally Adjusted

Monthly Percent Change Monthly Percent

Industry Change

Jul Jun May Jun - May -Apr- Jul Jun May Jul Jul

2003 p 2003 r 2003 r Jul p Jun r May r 2003 p 2003 r 2003 r 2002 r 03/02

MATERIALS AND SUPPLIES

 All manufacturing industries ..................... 143,937 146,029 147,668 -1.4 -1.1 -0.3 144,410 144,733 147,355 151,884 -4.9

 Durable goods industries ........................ 84,946 86,243 87,129 -1.5 -1.0 -0.4 85,334 85,058 86,659 92,341 -7.6

 Wood products................................... 3,583 3,582 3,601 0.0 -0.5 -1.5 3,431 3,312 3,281 3,527 -2.7

 Nonmetallic mineral products............... 3,448 3,394 3,433 1.6 -1.1 2.3 3,451 3,372 3,405 3,402 1.4

 Primary metals.................................... 5,945 6,113 6,427 -2.7 -4.9 -0.1 5,947 6,002 6,200 6,304 -5.7

 Fabricated metal products..................... 11,074 11,180 11,355 -0.9 -1.5 0.3 11,147 11,135 11,302 11,436 -2.5

 Machinery.......................................... 12,971 13,069 13,150 -0.7 -0.6 0.2 13,022 12,905 13,071 14,333 -9.1

 Computers and electronic products ...... 16,992 17,339 17,707 -2.0 -2.1 -1.2 17,108 17,284 18,053 20,446 -16.3

 Electrical equipment, appliances,

 and components.............................. 4,680 4,777 4,825 -2.0 -1.0 -0.1 4,692 4,735 4,861 5,122 -8.4

 Transportation equipment.................. 16,806 17,314 17,203 -2.9 0.6 -1.0 16,964 16,844 16,971 17,694 -4.1

 Furniture and related products............ 3,285 3,265 3,297 0.6 -1.0 1.8 3,324 3,283 3,334 3,467 -4.1

 Miscellaneous products........................ 6,162 6,210 6,131 -0.8 1.3 -1.0 6,248 6,186 6,181 6,610 -5.5

 Nondurable goods industries.................... 58,991 59,786 60,539 -1.3 -1.2 -0.3 59,076 59,675 60,696 59,543 -0.8

 Food products.................................... 10,301 10,449 10,617 -1.4 -1.6 0.3 10,224 10,397 10,604 10,670 -4.2

 Beverage and tobacco products............ 5,482 5,507 5,532 -0.5 -0.5 -0.6 5,325 5,379 5,488 5,626 -5.4

 Textiles.............................................. 1,390 1,441 1,504 -3.5 -4.2 -5.5 1,415 1,439 1,529 1,527 -7.3

 Textile products.................................. 1,706 1,732 1,789 -1.5 -3.2 -1.9 1,739 1,750 1,821 1,776 -2.1

 Apparel............................................. 1,707 1,724 1,754 -1.0 -1.7 0.8 1,708 1,744 1,795 1,813 -5.8

 Leather and allied products................... 434 439 436 -1.1 0.7 -0.2 453 450 438 425 6.6

 Paper products................................... 6,965 7,007 6,980 -0.6 0.4 0.0 6,902 6,931 6,911 6,730 2.6

 Printing ............................................. 2,789 2,780 2,848 0.3 -2.4 2.4 2,842 2,774 2,760 2,929 -3.0

 Petroleum and coal products............... 4,384 4,454 4,541 -1.6 -1.9 -0.6 4,466 4,604 4,746 4,027 10.9

 Basic chemicals................................... 16,504 17,036 17,096 -3.1 -0.4 -0.7 16,563 17,030 17,140 16,919 -2.1

 Plastics and rubber products............... 7,329 7,217 7,442 1.6 -3.0 0.0 7,439 7,177 7,464 7,101 4.8

WORK IN PROCESS

 All manufacturing industries ..................... 127,480 127,409 128,406 0.1 -0.8 -0.2 127,808 126,085 129,379 127,121 0.5

 Durable goods industries ........................ 96,061 96,243 97,810 -0.2 -1.6 0.0 96,425 95,521 98,975 96,924 -0.5

 Wood products................................... 1,946 1,971 2,008 -1.3 -1.8 -1.1 1,943 1,973 2,012 2,096 -7.3

 Nonmetallic mineral products............... 1,213 1,219 1,215 -0.5 0.3 -0.7 1,222 1,228 1,249 1,241 -1.5

 Primary metals.................................... 6,039 6,066 6,338 -0.4 -4.3 -0.9 6,061 6,066 6,324 6,254 -3.1

 Fabricated metal products..................... 9,188 9,346 9,377 -1.7 -0.3 0.1 9,281 9,373 9,390 9,614 -3.5

 Machinery.......................................... 14,007 14,085 14,184 -0.6 -0.7 -1.0 14,085 14,146 14,467 14,642 -3.8

 Computers and electronic products ...... 18,127 18,006 18,169 0.7 -0.9 -0.7 18,329 17,798 18,596 19,674 -6.8

 Electrical equipment, appliances,

 and components.............................. 2,892 2,902 2,927 -0.3 -0.9 -0.9 2,927 2,914 3,017 3,166 -7.5

 Transportation equipment.................. 37,521 37,916 38,635 -1.0 -1.9 0.8 37,371 37,252 38,875 35,724 4.6

 Furniture and related products............ 1,587 1,560 1,526 1.7 2.2 -4.6 1,606 1,568 1,543 1,638 -2.0

 Miscellaneous products........................ 3,541 3,172 3,431 11.6 -7.5 2.5 3,600 3,203 3,502 2,875 25.2

 Nondurable goods industries.................... 31,419 31,166 30,596 0.8 1.9 -0.9 31,383 30,564 30,404 30,197 3.9

 Food products.................................... 3,003 2,955 2,955 1.6 0.0 -0.4 2,771 2,694 2,679 2,370 16.9

 Beverage and tobacco products............ 4,423 4,424 4,425 0.0 0.0 0.2 3,995 4,059 4,212 3,824 4.5

 Textiles.............................................. 1,294 1,296 1,298 -0.2 -0.2 5.1 1,306 1,298 1,311 1,283 1.8

 Textile products.................................. 715 714 719 0.1 -0.7 0.0 718 717 740 761 -5.7

 Apparel............................................. 1,236 1,251 1,210 -1.2 3.4 -7.1 1,292 1,323 1,291 1,523 -15.2

 Leather and allied products................... 159 157 165 1.3 -4.8 -1.8 168 153 170 228 -26.3

 Paper products................................... 1,162 1,171 1,180 -0.8 -0.8 -1.6 1,182 1,186 1,175 1,328 -11.0

 Printing ............................................. 1,722 1,714 1,749 0.5 -2.0 -1.2 1,875 1,700 1,667 2,130 -12.0

 Petroleum and coal products............... 4,431 4,172 3,822 6.2 9.2 -10.7 4,536 4,193 3,961 4,297 5.6

 Basic chemicals................................... 10,764 10,723 10,549 0.4 1.6 2.4 11,057 10,693 10,688 10,157 8.9

 Plastics and rubber products............... 2,510 2,589 2,524 -3.1 2.6 1.1 2,483 2,548 2,510 2,296 8.1

FINISHED GOODS

 All manufacturing industries ..................... 168,944 169,228 167,975 -0.2 0.7 -0.2 169,529 168,467 170,056 165,102 2.7

 Durable goods industries ........................ 82,955 83,668 83,510 -0.9 0.2 -0.6 83,315 83,513 85,052 84,738 -1.7

 Wood products................................... 3,925 3,939 3,989 -0.4 -1.3 -1.8 3,901 3,997 4,203 4,014 -2.8

 Nonmetallic mineral products............... 5,262 5,275 5,234 -0.2 0.8 1.2 5,272 5,357 5,390 4,664 13.0

 Primary metals.................................... 5,991 6,043 6,166 -0.9 -2.0 -1.5 5,943 5,988 6,193 5,927 0.3

 Fabricated metal products..................... 10,869 10,953 10,946 -0.8 0.1 0.3 10,740 10,895 11,111 10,828 -0.8

 Machinery.......................................... 14,900 14,878 15,131 0.1 -1.7 -0.3 14,534 14,539 15,087 14,573 -0.3

 Computers and electronic products ...... 12,337 12,446 12,198 -0.9 2.0 -2.1 12,643 12,175 12,580 13,929 -9.2

 Electrical equipment, appliances,

 and components.............................. 4,830 4,847 4,883 -0.4 -0.7 0.3 4,802 4,858 5,108 5,048 -4.9

 Transportation equipment.................. 12,742 12,931 12,812 -1.5 0.9 -0.7 13,287 13,242 13,073 13,841 -4.0

 Furniture and related products............ 3,001 3,036 3,027 -1.2 0.3 -0.7 3,099 3,150 3,078 2,847 8.9

 Miscellaneous products........................ 9,098 9,320 9,124 -2.4 2.1 -0.2 9,094 9,312 9,229 9,067 0.3

 Nondurable goods industries.................... 85,989 85,560 84,465 0.5 1.3 0.2 86,214 84,954 85,004 80,364 7.3

 Food products.................................... 19,786 19,745 19,588 0.2 0.8 1.1 19,448 18,839 18,940 18,652 4.3

 Beverage and tobacco products............ 4,689 4,630 4,626 1.3 0.1 -1.0 4,716 4,701 4,616 4,462 5.7

 Textiles.............................................. 2,374 2,386 2,295 -0.5 4.0 2.0 2,431 2,429 2,416 2,301 5.6

 Textile products.................................. 2,563 2,548 2,504 0.6 1.8 1.1 2,584 2,620 2,597 2,442 5.8

 Apparel............................................. 4,459 4,354 4,299 2.4 1.3 2.6 4,745 4,567 4,302 3,935 20.6

 Leather and allied products................... 1,093 1,076 1,070 1.6 0.6 1.9 1,137 1,092 1,077 948 19.9

 Paper products................................... 6,812 6,811 6,817 0.0 -0.1 0.9 6,812 6,846 6,971 6,400 6.4

 Printing ............................................. 1,709 1,668 1,686 2.5 -1.1 -1.5 1,768 1,689 1,735 1,593 11.0

 Petroleum and coal products............... 6,443 6,796 6,655 -5.2 2.1 -6.7 6,578 6,935 6,936 6,963 -5.5

 Basic chemicals................................... 25,568 24,759 24,442 3.3 1.3 0.3 25,558 24,433 24,701 23,728 7.7

 Plastics and rubber products............... 10,493 10,787 10,483 -2.7 2.9 1.3 10,437 10,803 10,713 8,940 16.7

p

 Preliminary r Revised

See note at end of Table 2 relating to survey error and revisions.
 9

Table 7. Ratios of Manufacturers' Inventories to Shipments and Unfilled Orders 

 to Shipments, by Industry Group

[Based on Seasonally Adjusted data]

Inventory/Shipments ratio Unfilled Orders/Shipments ratio 1

Industry Jul Jun May Apr Jul Jun May Apr

2003p 2003r 2003r 2003r 2003p 2003r 2003r 2003r

 All manufacturing industries 2...... 1.31 1.35 1.37 1.38 (X) (X) (X) (X)

Durable goods industries 2................... 1.45 1.51 1.54 1.55 3.94 4.07 4.11 4.11

 Wood products................................ 1.25 1.27 1.32 1.33 (X) (X) (X) (X)

 Nonmetallic mineral products........... 1.36 1.37 1.38 1.37 (X) (X) (X) (X)

 Primary metals................................. 1.66 1.74 1.75 1.76 1.30 1.34 1.29 1.30

 Fabricated metal products............... 1.50 1.56 1.57 1.57 1.83 1.88 1.89 1.91

 Machinery....................................... 1.97 2.02 2.04 2.07 2.12 2.19 2.20 2.28

 Computers and electronic products 2

.. 1.35 1.37 1.45 1.44 4.83 5.07 5.27 5.05

 Electrical equipment, appliances,

 and components............................. 1.45 1.51 1.52 1.52 1.73 1.78 1.77 1.78

 Transportation equipment................. 1.26 1.34 1.39 1.39 7.39 7.60 7.80 7.77

 Furniture and related products........... 1.30 1.36 1.34 1.43 1.06 1.13 1.09 1.15

 Miscellaneous products.................... 1.72 1.76 1.78 1.78 (X) (X) (X) (X)

Nondurable goods industries.............. 1.13 1.16 1.17 1.18 (X) (X) (X) (X)

 Food products................................... 0.86 0.86 0.88 0.87 (X) (X) (X) (X)

 Beverage and tobacco products......... 1.62 1.62 1.64 1.67 (X) (X) (X) (X)

 Textiles.......................................... 1.57 1.60 1.62 1.57 (X) (X) (X) (X)

 Textile products............................... 1.73 1.76 1.79 1.77 (X) (X) (X) (X)

 Apparel.......................................... 1.72 1.69 1.70 1.72 (X) (X) (X) (X)

 Leather and allied products............... 1.83 1.83 1.83 1.78 (X) (X) (X) (X)

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

 Printing.......................................... 0.79 0.77 0.78 0.77 (X) (X) (X) (X)

 Petroleum and coal products............ 0.77 0.80 0.80 0.90 (X) (X) (X) (X)

 Basic chemicals............................... 1.32 1.42 1.41 1.40 (X) (X) (X) (X)

 Plastics and rubber products.............. 1.31 1.34 1.35 1.36 (X) (X) (X) (X)

p

 Preliminary r Revised X Not Applicable 1

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

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

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

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

trucks; and miscellaneous furniture.

2 Unfilled orders to shipments ratio excludes semiconductor manufacturing.

Jul Jul Jul Jul

Industry Jul2 2002- Jul2 2002- Jul2 2002- Jul2 2002-

Jul1 1998- Jun Jul1 1998- Jun Jul1 1998- Jun Jul1 1998- Jun

2003 2002 2003 2003 2002 2003 2003 2002 2003 2003 2002 2003

 All manufacturing industries ......... (X) (NA) 0.2 (X) (NA) 0.2 (X) (NA) 0.1 (X) (NA) 0.1

Durable goods industries ...................... 0.1 (NA) 0.3 0.0 (NA) 0.4 0.0 (NA) 0.1 0.1 (NA) 0.1

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

 Nonmetallic mineral products.............. (X) (NA) 0.4 (X) (NA) (NA) (X) (NA) (NA) (X) (NA) 0.3

 Primary metals.................................... 0.2 (NA) 0.5 0.3 (NA) 0.8 0.1 (NA) 0.3 0.1 (NA) 0.4

 Fabricated metal products................... 0.3 (NA) 0.4 0.7 (NA) 1.0 0.0 (NA) 0.5 -0.1 (NA) 0.3

 Machinery.......................................... -0.4 (NA) 0.4 -0.3 (NA) 1.0 -0.1 (NA) 0.4 0.1 (NA) 0.3

 Computers and electronic products ..... -0.3 (NA) 0.6 -0.4 (NA) 1.1 0.0 (NA) 0.2 0.2 (NA) 0.2

 Electrical equipment, appliances,

 and components............................. 0.4 (NA) 0.4 -0.2 (NA) 1.0 -0.1 (NA) 0.5 -0.1 (NA) 0.2

 Transportation equipment................... 0.1 (NA) 0.5 0.0 (NA) 1.1 0.0 (NA) 0.2 0.0 (NA) 0.1

 Furniture and related products............. (X) (NA) 0.7 (X) (NA) 1.2 (X) (NA) 0.8 (X) (NA) 0.1

 Miscellaneous products...................... (X) (NA) 0.6 (X) (NA) 1.0 (X) (NA) 1.4 (X) (NA) 0.4

Nondurable goods industries.................. (X) (NA) 0.3 (X) (NA) (NA) (X) (NA) (NA) (X) (NA) 0.2

 Food products................................... (X) (NA) 0.6 (X) (NA) (NA) (X) (NA) (NA) (X) (NA) 0.3

 Beverage and tobacco products............ (X) (NA) 0.5 (X) (NA) (NA) (X) (NA) (NA) (X) (NA) 0.3

 Textiles............................................. (X) (NA) 1.9 (X) (NA) (NA) (X) (NA) (NA) (X) (NA) 0.3

 Textile products.................................. (X) (NA) 0.7 (X) (NA) (NA) (X) (NA) (NA) (X) (NA) 0.2

 Apparel.............................................. (X) (NA) 1.0 (X) (NA) (NA) (X) (NA) (NA) (X) (NA) 0.6

 Leather and allied products.................. (X) (NA) 1.9 (X) (NA) (NA) (X) (NA) (NA) (X) (NA) 0.9

 Paper products.................................... (X) (NA) 1.1 (X) (NA) (NA) (X) (NA) (NA) (X) (NA) 0.4

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

 Petroleum and coal products................ (X) (NA) 0.9 (X) (NA) (NA) (X) (NA) (NA) (X) (NA) 0.8

 Basic chemicals.................................. (X) (NA) 0.6 (X) (NA) (NA) (X) (NA) (NA) (X) (NA) 0.2

 Plastics and rubber products................ (X) (NA) 0.4 (X) (NA) (NA) (X) (NA) (NA) (X) (NA) 0.3

X Not Applicable NA Not Available

1

 The current month revisions are the difference between the advance percent change and the percent change as shown in this publication. 2

 Average revisions of the current month for the past five years.

See note at end of Table 2 relating to survey error and revision. In Table 8, the second column for each item represents the average revisions

of the current month for the past five years.

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.

[Based on Seasonally Adjusted data]

Table 8. Revisions to Previously Published Monthly Percent Changes

Shipments New Orders Unfilled Orders Inventories