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

Seasonally adjusted

Not seasonally adjusted

Industry Monthly Percent Change Monthly Percent
change
Dee. Nov. Oct.] Nov.-] Oct} Sept Dec. Nov. Oct. Dec.| Dec.
1994? 1994" 1994] Dec.] Nov.] Oct. 1994? 1994" 1994 1993] 94/93
All manufacturing industries 391,277] 389,988 388,063] +03] +05] +04) 383,849| 390,592] 389,437] 370,419] 43.6
Manufacturing industries
with unfilled orders . 259,782] 259,122] 257,754] +03] +05} +05] 252,973] 259,074] 258,333] 242,681] +42
without defense capital goods 368,580 | 367,033] 364,692) +04] +06]  +0.5| 362,093] 367.459] 365.775] 344,821] +5.
Durable goods industries 247,263 | 246,374] 244,925} +04] +06) +0.5] 241,681] 246,942] 245,468] 230,853] +4.7
With unfilled orders. . . : 225,956 | 225,287] 224,038] +03) +06) +05] 220244] 225,732] 224:862| 210,533] +46
Stone, clay, and glass products... 7,666 7,568 7,531 413 40.5 40.4 7,537 7,367 7,307 7,351 42.5
Primary metals... 20,632} 20,463 20,176] +08} +14] «+151 20,686] + 20,479] 20.264] 19432] +65
Blast furnaces, steel mills . . 9,769] 9,756] 9,704] +0.1] = +05} 41.3} 10,023] 9.883 9,768 9,721] 43.1
Iron and steel foundries 1,602 1,589 1556] +08] +21) 413 1,578 1,554 1,525 1,389] +13.6
Nonferrous and other primary
metals... 2.0... 9,261 9118] 8,916] +16] 423] 419] 9,085} 9,042 8,971 8322] +92
Fabricated metal products + | 24,203) 23,847) 23,679] +15} 40.7] «= +02] 23,809] 23,508] 23,408] 22627] 45.2
Industrial machinery and equipment - | 49652] 49,700] 49,273 0.1] +09] +06) 48,279] 50,366] 49,801] 44,946] +74
Engines and turbines 3,835} 3,728] 3,679] +29] 413 27) 3,477] 3,900] 3,871 3,089] +126
Farm and garden machinery 2,832) 2,726) 2,649) 43.9] 429) 408} 3,002] 2815] 2600] +2577] +165
Construction, mining and
material handling equipment . . 6,175 6,194 6,033 03 42.7 +17 6,045 6,134 5,958 5,488] +10.1
Metalworking machinery .... 5,720 5,629 5,594 +16 +0.6 0.0 5,508 5,645 5,657 5,044 $9.2
Computer and office equipment 10,974} 11,358} 11,423 341-06) +18] 10,403] 11,748] 11,799] 10,599 “18
Electronic and other
electrical equipment ...... 40,154] 39,699] 39,121] +11] +15] 41.8] 38,879] 39,456] 39,079] 32,561] +19.4
Electrical transmission and
distribution equipment and
industrial apparatus . 4,689 4,645 4,611 +09 +0.7 +15 4,542 4,650 4,620 4,022} +12.9
Household appliances 2,765 2,797 2,772 “ll +0.9 42.0 2,555 2,683 2,652 2,395 +6.7
Electric lighting and
wiring equipment ......... 3,076] 3,050 3,032] +0.9| +06] +10] 2,938] 3,033 3,045] 2,773] +6.0
Household audio and
video equipment ......... 1,292 1,261 1,207 42.5 44.5 13 1,220 1,200 1,211 971} +25.6
Communications equipment 12,422] 12,078] 11,797] +28] = 42.4] +23] 12.068] 11977] 11743 8,866] +36.1
Electronic components 12,451) 12,405] 12,231] +04) +14] 42:4] 12239] 12504] 123325] 10,458] 417.0
Transportation equipment . . . 58,593] $8,820] 59,131 -04 0.5 -0.5| 57,198] 59,697] 59,683} 60,053 48
Motor vehicles and parts . 12,020] 11,913] 11,804 40.9 +0.9 0.2] 11,950] 12,231 12,012] 11,495 +4.0
Aircraft, missiles,
space vehicles, and parts. 42,197| 42,557] 43,103 -08 -13 -1.0| 40,920] 43,151] 43,541} 44,583 82
Shipbuilding and tanks ..... 1,521 1,485 1,483 +24 +0.1 +76 1,451 1,439 1,439 1,497 3.1
Instruments and related products 21,930} 21,962} 21,879] 0.1] = +04 0.2] 21,280} 22,067} 22,000] 21,411 06
Search and navigation equipment 5.614 $544] 5.486] 413) +11 08] 5,434 5,552 5,544] 5,623 34
Measuring and controlling devices . 6,705 6,668 6,620 +0.6 +0.7 40.2 6,564 6,693 6,622 6,337 +3.6
Medical instruments and supplies 6198] 6,207] 6,226 0.1 03 0.1 6,062] 6,271 6.277} 6,020} +0.7
Photographic goods . . 2,503) 2,651 2,672) 56] = -08 05] 2325 2,662) 2,694] 2,646] -12.1
All other durable goods 24,433) 24,315] 24,135] 40.5] 40.7] +04} «24,013 24,002] 23.926] 22.472] +69
Nondurable goods industries . . 144,014] 143,614] 143,138] 40.3) +03) +03) 142,168] 143,650] 143,969] 139,566] +19
With unfilled orders . . 33,826] 33,835] 33,716 oo] +04) +07! 32,729] 33,342) 33.471] 32,148] +18
Food and kindred Products 30,894] 30,923] 31,174 0.1 08] +04) 31,220] 32,416] 32,900] 30,451] 42.5
Meat products. 3,401 3371 3417} +09 -13 -13 3,197] 3,383 3,404] 3,052] +48
Dairy products . 2,812] 2,765) 2,744) 41.7] 40.8} = 41.0] = 2643] = 2680] 2.737] 21553] 43.5
Beverages . : 5,143 5,254] 5,307 21 10} 40.1 5,148 5,338 5,383 5,353 38
All other foods, except fats and oils 17,876] 17910] 18,058 -0.2 0.8) +09] 18,502) 19,285] 19,670 17,698] +4.5
Tobacco products : : 5,816 5,738] 5,621} © +14] 421 +16] 5,967 5,683 5,669] 6,513 84
Textile mill products . 9,795] 9,805] 9,712 O01] +10] 408] 9307] — 9\525 9,480 8,984] 43.6
Broadwoven fabrics and
other textiles... .. 5,443 $462] 5,452] -03] +02] +08 5,225 5,397 5,357 5,129] +1.9
Paper and allied products . . 13,534] 13,514] 13,509} +0.1 00 03] 13,393] 13,349] 13.247] 13366] +02
Pulp, paper, and
Paperboard mill products .. . . 5,356 5,421 5,459 12 0.7 “Ll 5,292 5,330 5,334 5,758 -8.1
Paperboard containers and boxes 3,473 3443} 3,391] +09] +15] +12] 3,504] 3,389 3306] 3,130] +116
Miscellaneous converted
Paper products ...... 4,705} 4,650] 4,659] +12] = 0.2] 9-04] 4,597] 4,630] 4,607] 4,469] 42.9
Chemicals and allied products | 34,300] 34,000] 33,882 40.9 +03 03] 34,108} 33,829] 33,612] 34,091 0.0
Industrial chemicals ....... 16,535] 16,320] 16,173] +13) 40.9) +09] 16667] 16,181] 16,000] 16,717 -03
Drugs, soaps, and toiletries 13,277] 13,247] 13,292] +0.2 -03 2.0] 12,852] 13,239] 13,287] 12,963 09
Petroleum and coal products . . . 10,480} 10,450} 10,359] +03 +09] +05] 10,086] 10,650] 10,672] 9.630} -+4.7
Rubber and plastics products : 12,970) 12,828] 12,801] +11] +02] +14] 13,008] 12,760] 12,614] 12.230] +63
All other nondurable goods ...... 26,225| 26,356] 26,080 0.5 +11 40.8} 25,079] 25,438] 25,775 24,292 43.2

” Preliminary. ‘ Revised.

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


10 Total Manufacturing
New Orders and Shipments

Three Month Moving Averages

Billions of Dollars
320 320

New Orders

300} - ------------ 22+ +--+ ------------ ee es Shipments | 1 300

280 280

260 260

240 240

220 it L L 1 1 i 1 i L a 1 1 L 220
Dec Feb Apr Jun Aug Oct Dec Feb Apr Jun Aug Oct Dec

Dec. 1992 - Dec. 1994

Total Manufacturing
Ratio of Unfilled Orders and
Inventories to Shipments

V/S Ratios UO/S Ratios
2.5 41
2.4 vos |-4 4
2.3P----------- 2-22-2550 - +--+ ---------- eee “ws_}43.9
2.2 3.8
2.1 3.7
2 3.6
1.9 3.5
1.8 3.4
1.7 3.3
1.6 3.2
1.5 3.1
1.4 3
1.3 2.9
1.2 L 1 1 1 1 L L L 1. L L 1 1 2.8

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

Note: All Charts based on seasonally
adjusted current dollars.


Table 6. VALUE OF MANUFACTURERS’ UNFILLED ORDERS AND TOTAL INVENTORIES
FOR TOPICAL SERIES'
(Millions of dollars)

Seasonally adjusted Not seasonally adjusted
Industry Monthly Percent Change Monthly Percent
change
Dec. Nov. Oct. | Nov.- | Oct- | Sept- Dee. Nov. Oct. Dec. | Dec.
1994? 1994" 1994 | Dec. | Nov. | Oct 1994" 194° 1994 1993 | 94/93
UNFILLED ORDERS
All manufacturing industries... . . 456,635 | 453,378 | 450,853 | +07] +06 | +04 | 451,581 | 447,692 | 446,834 | 438,358 43.0
Market categories :
Automotive equipment . - | 2170 | 2,121 2,104 | +23] +08] +03} 2152 | 2,099 | 2,089 1,902 | +13.1
Home goods and apparel ....... 10,122 | 10,173 | 10,259 0.5 0.8 ell 8,568 9,048 | 10,072 8,663 oll
Consumer staples... . . seen 1,573 1,608 1,347 22] +39] +10 1,626 1,605 1,568 1476 | +102
Machinery and equipment .. . . . 181,710 | 182,713 | 181,033 05] +09 | +01 | 181,076 | 182,627 | 180,558 | 180,222 40.5
Business supplies ........ 5,829 | 5,867 5,788 06} +14] +40 5,735 $712 | 3,726 | 5,368 +68
Construction materials
and supplies ....... 15,837 | 15,674 ] 15,522 | +10] +10] +424] 15,437] 15,256 | 15,285 | 13,876 | +112
Defense products ........ 106,525 } 103,543 | 104,758 | +29]  -12 -1.0 | 107,043 | 102,422 | 103,829 | 110,908 35
Other materials, supplies and
and intermediate products ...... | 132,869 | 131,679 | 129,842 +09 +14 +19 | 129,944 | 128,923 | 127,707 | 115,943 +121
Durable goods industries :
Nondefense capital goods ° 200,508 | 201,518 | 199,670 -05| +09 | +01 | 200,234 | 201,886 | 199,454 | 197,337 +15
Excluding aircraft and parts 91,567 | 90,926 | 89,724 40.7 +13 +23 | 91,293 | 91,294 | 89,508 | 75,658 | +20.7
Defense capital goods‘ ........ 112,525 | 109,591 | 110,823 42.7 “Ll 0.9 | 112,818 | 108,432 | 109,976 | 117,138 33.7
Durables excluding capital goods . | 118,162 | 117,186 | 115,773 +0.8 +12 +2.1 | 114,410 | 113,377 | 113,139 | 103,152 | +109
Miscellaneous series :
Producers’ durable equipment .... | 215,703 | 216,019 | 214,000 -0.1 | +09 | +06 | 213,955 | 215,250 } 213,571 | 206,143 43.8
Household durable goods ....... 6.179 | 6,188 | 6,162 ol] 404] 412] 5,245 5,562 | 6,034 | 4,835 48.5
Information technology industries 37,293 | 36,579 | 36.421 | +20] +04 | +22 | 36,912 | 37,053 | 36,721 | 32,086 | +15.0
Health care equipment
and products ...... 6,335 6514 ] 6,588 27] -ll}] +07] 6334] 6515 | 6,589 7,485 | -15.4
TOTAL INVENTORIES
All manufacturing industries... . 391,277 | 389,988 | 388,063 +03 +0.5 +0.4 | 383,849 | 390,592 ] 389,437 | 370,419 43.6
Market categories :
Automotive equipment ........ 6,307 6,245 6,199 +10 +0.7 40.5 6,256 6,358 6,197 6,011 +41
Home goods and apparel ....... | 32,164 | 32,263 | 31,837 03 | +13 | +04 } 30,814 | 30,904 | 31,042 | 29,136 45.8
Consumer staples ............ 58,275 | $8133 | 58161 | +02 00] 03 | 57,921 | 59,476 | 59,955 | 57,474 +08
Machinery and equipment ... . . 95,065 | 94,747 | 93,871 | +03 | +09] +05 | 92,370 | 95,676 | 94,432 | 85,305 +83
Business supplies ............. 21,701 | 21,552 | 214t1 | +07) 40.7] +10 | 21,042 | 21,478 | 21,559 | 20,385 43.2
Construction materials
and supplies ..... see - | 25,427 | 25,073 | 24956] +14] +05] +04 | 24,859 | 24,638 | 24,658 | 23,398 +62
Defense products ............. 21,968 | 22,171 | 22,510 09] -15 -07 | 21,163 | 22,271 | 22,756 | 24,446 | -13.4
Other materials, supplies and
and intermediate products .... . . 130,370 | 129,804 | 129,118 | +04] +05 | +07 | 129,424 | 129,791 | 128,838 | 124,264 +42
Durable goods industries :
Nondefense capital goods >... . 89,521 89,280 | 88,546 +03 40.8 +0.6 | 86,794 | 90,103 89,240 | 79,937 +8.6
Excluding aircraft and parts .... | 63,465 | 63,172 | 62,382 | +05 | +13 | +12] 61,275 | 63,655 | 62,911 | 54,501 | +124
Defense capital goods‘ ...... - | 22,697 | 22,955 | 23,371 “11 -18 -0.7 | 21,756 | 23,133 | 23,662 | 25,598 | -15.0
Durables excluding capital goods 135,045 | 134,139 | 133,008 | +0.7] +09 | +06 | 133,131 | 133,706 | 132,566 | 125,318 +62
Miscellaneous series :
Producers’ durable equipment .... | 153,032 | 152,397 | 151,028 | +04] +09 | +05 | 149,117 | 153,102 | 151,574 | 138,281 478
Household durable goods ....... | 14,253 | 14,199 | 14,001 | +04] +14] +01 | 13,662 | 13,803 | 13,834 | 12,884 +6.0
Information technology industries 33,308 | 33,373 | 33,143 02] +07] +12] 32,047 | 33,757 | 33,542 | 29,335 49.2
Health care equipment
and products .............. 13,420 | 13,412 | 13,454] 40.1 03 <1 | 13,057 | 13,471 | 13,501 | 13,061 0.0

See footnotes at end of table 5.
See note at end of table 2 relating to survey variability.


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

Seasonally adjusted

Not seasonally adjusted ?

Monthly Percent Change Monthly Percent Year to date
Industry change
Dec. | Nov Oct. | Nov- | Oct-| Sept-] Dec. Nov. Oct] Dec. ] Dec.
19947| 1994] 1994] Dec.| Nov.] Oct.] 1994] 19947] 1994} 1993] 94/93] 1994P | 1993
SHIPMENTS
All manufacturing industries 295,319] 291,191] 283,975] +14) +2.5] —-0.8] 289,514] 292,557] 294,142] 262,967] +10.1]3,369,445 [3,102,239
Market categories
Automotive equipment . 14,919] 14,708] 13,605] +1.4]  +8.1]  -5.3] 13,080] 15,022] 15,026] 11,521] +13.5] 167,150] 143,789
Home goods and apparel 19,712] 19,124) 19462) 43.1] -1.7] -0.5| 17,026] 20,193] 22,118] 15,339] +11.0) 228,432) 211,530
Consumer staples . 60,913] 59,965] 58,977] +1.6] +1.7|  -0.1) 61,289] 60,656] 60,709] 57,729] +6.) 706,612} 683,790
Machinery and equipment . -| 51947] 51,572] 50,044] +0.7] +3.1]  -1.9) 56,693] 51,474] 49,965] 52,955] +7.1] 594,317] 530,543
Business supplies ............. 22,001} 21,722 20,966] +1.3) +3.6 -2.1] 21,327] 22,144] 22,202] 18,880] +13.0) 252,348] 234,064
Construction materials
and supplies ........... --| 18,891] 18,745} 18,357] +0.8) +21] +1.0] 17,150] 18,533] 19,342] 15,842] +8.3] 216,219] 198,732
Defense products ............ 6,786] 7,308} 7,279) -7.1] +04) +14) 7,945) 7,537] 7,173) 8,261] -3.8] 87,225) 91,375
Other materials, supplies and
and intermediate products ......| 100,150} 98,047] 95,285] +2.1] +29) -0.1] 95,004] 96,998] 97,607] 82,440] +15.2] 1,117,142 1,008,416
Durable goods industries :
Nondefense capital goods * . . 38,998] 38,933] 38,143] +0.21 +211 -0.9 45,644] 38,472] 36,601] 43,100] +59) 447,591] 402,517
Excluding aircraft and parts 34364] 34,110] 33,655] +0.7] +1.4[ +0.1] 39,775] 33,767] 32,416] 35,927} +10.7) 390,256] 337,688
Defense capital goods * : 6.339] 6,799] 6,768] -6.8]  +0.5] +13) 7,746] 7,150} 6,658] 8,091] -4.3| 82,039) 88,162
Durables excluding capital goods . | 113,490] 111,560} 107,675] +1.7|  +3.6] — -1.4) 105,046) 112,441] 114,298] 93,733] +12.1] 1,282,749 ]1,141,089
Miscellaneous series :
Producers’ durable equipment 101,356] 100,738] 97,049] +0.6] +3.8] —-2.5} 102,776] 101,646] 100,222] 95,169] +8.0} 1,165,096 ]1,039,919
Household durable goods . 8391] 8,226] 8,251] +2.0] -0.3) -0.5] 7,797] 8,780] 9,245] 7,156] +9.0] 97,082) 89,311
Information technology ind 19,201] 19,131] 18,467] +0.4] +3.6 0.0] 23,956] 19,277] 17,262] 21,299] +12.5) 214,980) 185,178
Health care equipment
and products... . . 8,730| 8,739] 8,601] -0.1] +16] +0.3] 9,061] 8,628] 8,490] 9,034) +0.31 102,372] 99,086
NEW ORDERS
All manufacturing industries 298,576| 293,716] 285,985] +1.7] +2.7] 0.4] 293,403] 293,415] 295,062] 260,358] +12.7]3,382,668 [3,068,411
Market categories :
Automotive equipment 14,968] 14,725] 13,613] +17] +82) -5.2} 13,132] 15,032] 15,041] 11,574] +13.5] 167,399} 144,106
Home goods and apparel 19,661] 19,038] 19,343] +33] -1.6f -0.8] 16,545] 19,169] 21,352] 15,062] +9.8] | 228,337] 211,602
Consumer staples 60,878] 60,026] 58,992] +14] +1.81 0.0] 61,310] 60,693] 60,694 57,806] —-+6.1] 706,760} 683,828
Machinery and equipment $0,945] 53,251] 50,181] -4.3| +61) -1.7] 55,141] 53,543] 50,355] 50,548] +9.1] $95,169] $13,260
Business supplies . . . 21963] 21'801| 21,186] +0.7] 42.9] 0.6 21,351] 22,130) 22,277] 18954] +126) 252,717) 233,744
Construction materials
and supplies ..........-.4- 19,053) 18,897] 18,713} +08] +1.0] +2.6] 17,331] 18,504} 19,409) 15,738) +10.1] 217,780} 198,282
Defense products ......... 9:768] 6,093] 6,208] +603] -1.9) -15.6] 12,567] 6,130] 6,963] 8,079] +55.6] 83,358] 78,947
Other materials, supplies an
and intermediate products 101,340] 99,885] 97,749] +1.5]  +2.2] +13] 96,026] 98,214] 98,971] 82,597] +16.3] 1,131,148 }1,004,642
Durable goods industries
Nondefense capital goods * 37,988| 40,781] 38,276] -6.8] +6.5| 2.0] 43,992] 40,904] 37,233) 41,014) +7.3) 450,488) 382,670
Excluding aircraft and parts 35,005] 35,312| 35,651] -0.9] -1.0| +0.8) 39,774] 35,553] 34,911] 37,307) +6.6] 405,891] 343,086
Defense capital goods‘ ........| 9,273] 5,567} 5,811] +66.6| -4.2] -16.3] 12,132] 5,606] 6,591] 7,951) +52.6) 77,719) 75,520
Durables excluding capital goods 114,466] 112,973] 110,063] +1.3} +2.6) +0.6] 106,079] 112,679] 115,015] 93,130]  +13.9] 1,294,007 1,141,080
Miscellaneous series :
Producers’ durable equipment .. .. | 101,040] 102,757] 98,393] -1.7/ +44] -0.9} 101,481] 103,325] 101,479] 92,472] +9.7] 1,172,908 }1,027,688
Household durable goods . : 8,382| 8.252] 8323] +16) -0.9] -1.4) 7,480] 8,308] 8,952] 6,948) +77) 97,492] 89,720
Information technology industries 19,915] 19,289} 19.257] +3.2| +02} -0.9 23,815] 19,609] 18,221] 20,586] +15.7) 219,806] 186,148
Health care equipment
and products... . . 8,550] 8,666] 8,650] -1.3] +0.2) +43] 8,880] 8,554] 8,539] 8,714) +19) 101,219] 98,118

» Preliminary. ‘ Revised

' Topical series are regroupings of the separate industry categories.
? Shipments and new orders are the totals for the period and are adjusted for trading-day and calendar-month variations.

* Nondefense capital goods industries include

handling equipment; metalworking machinery; special industry machinery; general industrial machinery; compu " ref
industry machinery; electrical transmission and distribution equipment; electrical industrial apparatus; communications equipment; aircraft, missiles,

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

* Defense capital goods industries include
and tank components; and search and navigation equipment.

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

ordnance and accessories; steam, gas and hydraulic turbines; internal combustion engines; construction, mining, and material
computer and office equipment; refrigeration, heating and service
space vehicles, and engines

ordnance and accessories; communications equipment; aircraft, missiles, space vehicles, and engines and parts, ships, tanks


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

Inventory / Shipments ratio Unfilled Orders / Shipments ratio!
Industry Dec. Nov. Oct. Sept. Dec. Nov. Oct. Sept.
1994? 1994" 1994 1994 1994" 1994" 1994 1994
All manufacturing industries 132 134 137 135 2.87 2.88 2.94 3.68
Durable goods industries ......... 1.56 157 161 1.58 3.44 3.45 3.52 3.48
Stone, clay, and glass products... | 1.07 1.09 13 12 1.18 119 1.20 117
Primary metals ........ we 1.39 1.45 1.48 1.48 1.96 2.01 2.06 2.01
Fabricated metal products 2.2... 160 133 156 154 1.48 143 1.46 1.45
Industrial machinery and equipment . 172 175 172 172 2:50 2:55 248 2.42
Electronic and other
electrical equipment . . 1.63 1.62 1.66 1.65 191 1.89 194 1.95
Transportation equipment .... . . 147 1.48 1.59 1.50 11.00 10.72 1121 1081
Instruments and related products . . 193] . 197 2.00 197 4.20 4.29 4.42 431
Nondurable goods industries . 1.06 1.07 1.09 1.08 0.76 0.76 0.76 0.74
Food and Kindred products . 0.82 0.85 087 0.87 & fe) (%) (%)
Tobacco products .. . 224 217 2.01 2.26 &) (x) &) &)
Textile mill products: 152 137 1.56 133 (NA) (NA) (NA) (NA)
Paper and allied products - 1.09 Lo 12 114 (NA) (NA) (NA) (NA)
Chemicals and allied produ 113 114 116 11s &) (X) &) (&)
Petroleum and coal products... . . 0:84 0.85 0.88 0.86 a (x) & &)
Rubber and plastics products |... | 128 129 132 131 &) (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; 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
Dec. Dec, Dee. Dec,
Dec? | 1993- Dec? | 1993- Dec? | 1993- Dec? | 1993-
Dec.'} 1989-] Nov. | Dec.' | 1989-] Nov. | Dec.' | 1989-} Nov. | Dec.! | 1989- } Nov
1994} 1993} 1994] 1994] 1993 | 1994] 1994} 1993] 1994] 1994] 1993] 1994
All manufacturing industries... . . (x) 02 01 a) 04 02 (%) 02 04 (x) O1 0.0
Durable goods industries .......... 03 03 02 0.1 0.5 02 0.0 0.1 0.1 (Xx) 0.1 0.1
Stone, clay, and glass produc . &® 06 07 0) 08 09 (%) 03 05 & 0.1 Ol
Primary metals ......... see 04 0.6 0.5 0.5 13 08 0.0 07 04 (xX) 0.1 02
Fabricated metal products ........ (x) 08 05 (x) 05 05 (X) 02 03 (x) 02 03
Industrial machinery and equipment . 1.0 06 04 0.0 06 0.6 0.5 01 0.2 (X) 0.2 O01
Electronic and other

electrical equipment ..... sees 04 0.5 03 02 07 0.6 0.0 03 03 (xX) 0.2 0.1
Transportation equipment . . tee 03 05 07 06 15 10 0.0 02 o1 () 01 02
Instruments and related products . . . . (x) 05 05 &) 16 2.0 (X) 02 0.4 (x) 04 0.2
Nondurable goods industries . (x) 03 02 (~~ 04 02 (%) 04 03 fe) 02 0.1
Food and kindred products . (x) 03 02 (xX) (x) (X) (X) (x) (xX) (X) 0.2 0.1
Tobacco products ....... «&) 01 02 (x) (x) (x) (x) &) Xx (x) 0.0 0.0
Textile mill products . (x) 14 04 (x) | (NA) | (NA) (X) | (NA) | (NA) (X) 0.2 0.2
Paper and allied products ......... (x) 02 02 (Xx) (NA) (NA) (x) (NA) (NA) (xX) 02 01
Chemicals and allied products ..... (xX) 02 02 (xX) (xX) (X) (xX) (xX) (xX) (Xx) 0.1 0.1
Petroleum and coal products : (x) 02 03 (X) (X) (X) (Xx) (x) (X) (X) 0.1 02
Rubber and plastics products ..... (xX) 04 02 (xX) (X) (xX) (xX) (X) (xX) (X) 02 0.1

Capital goods industries :
Nondefense 12 08 04 03 13 0.6 0.2 03 0.1 (X) 0.1 0.1
Defense . -1.0 17 05 16 31 5.0 03 01 02 (x) 02 04

(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.
2 Average for this month for the last five years.
See note at end of table 2 relating to survey variability.


CURRENT INDUSTRIAL REPORTS

ie
* By

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

Manufacturers’ Shipments,
Inventories, and Orders

December 1994
M3-1-(94)-12
For Wire Transmissions 10:00 a.m. E.S.T. February 3, 1995

Kathy Menth or Gloria Cable
(301)457-4804 or (301)457-4832

Summary

New orders for manufactured goods in December increased $4.9
billion or 1.7 percent to $298.6 billion, the Department of Commerce,
Bureau of the Census reported today. This follows a 2.7 percent increase
in November, is the ninth increase this year and the fourteen in the Last
seventeen months, New orders for 1994 are 10.2 percent above 1993.

Shipments increased $4.1 billion or 1.4 percent to $295.3 billion,
following a 2.5 percent increase in November. This is the third increase
in the last five months, the seventh this year and the twelfth in the last
seventeen months. Shipments for 1994 are 8.5 percent above 1993.

Unfilled orders increased $3.3 billion or 0.7 percent to $456.6
billion, following a 0.6 percent increase in November. This is the fourth
consecutive monthly increase and the ninth this year. The unfilled
orders-to-shipments ratio decreased in December to 2.87 from 2.88 in
November. December 1994 unfilled orders are 3.3 percent above
December 1993.

Inventories increased $1.3 billion or 0.3 percent to $391.3 billion,
following a 0.5 percent increase in November. This is the third
consecutive monthly increase and the tenth this year. The inventories-to-
shipments ratio decreased in December to 1.32 from 1.34 in November.
The December 1994 inventory level is 3.7 percent above December 1993.

New Orders

New orders for manufactured durable goods in December increased
$2.4 billion or 1.5 percent to $161.7 billion, revised from the previously
published 1.4 percent increase. This follows a 3.4 percent increase in
November and is the ninth in 1994 and the fourteenth in the last
seventeen months.

Transportation equipment had the largest increase, $2.4 billion or
6.0 percent to $41.8 billion; large increases led by shipbuilding and tanks
were only partially offset by a decline in aircraft and aircraft parts. This
follows a 12.1 percent increase in November and is the fourth in the last
five months. Primary metals increased $0.8 billion or 5.7 percent to
$15.5 billion, the fifth consecutive monthly increase. Electronic and
other electrical equipment increased $0.8 billion or 3.2 percent to $25.6
billion, the fifth consecutive increase and the ninth in 1994. Instruments
and related products increased $0.3 billion or 3.2 percent to $11.1
billion, following a 4.0 percent decrease in November. Stone, clay, and
glass products increased $0.2 billion or 3.1 percent to $7.4 billion, the
third consecutive increase. Industrial machinery and equipment had the
largest decline, $1.5 billion or 5.0 percent to $28.5 billion, following a
1.2 percent decline in November. This is the third decline in the last four
months and the sixth in 1994. Fabricated metal products decreased $0.5
billion or 3.4 percent to $15.2 billion, the first decline since September.

New orders for nondurable goods were $136.8 billion, up $2.5
billion or 1.8 percent from November; nearly all industries increased.
The largest increases were in food and kindred products, chemicals and
allied products, and apparel and related products.

Shipments

Shipments of durable goods in December increased $1.5 billion or
1.0 percent to $158.8 billion, revised from the previously published 0.7

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

percent increase. This follows an increase of 3.1 percent in November
and is the seventh increase in 1994. Primary metals increased $0.7
billion or 4.8 percent to $14.8 billion, the eleventh consecutive monthly
increase. Industrial machinery and equipment was up $0.4 billion or 1.6
percent to $28.8 billion. This follows a 0.8 percent November decline
and is the seventh increase in the last eight months. Stone, clay, and
glass products increased $0.3 billion or 3.7 percent to $7.2 billion,
following a 3.9 percent November increase. Electronic and other
electrical equipment, up for the fourteenth consecutive month, increased
$0.2 billion or 0.9 percent to $24.7 billion. Transportation equipment
increased 0.2 percent to $40.0 billion, with an increase in motor vehicle
and parts partially offset by declines led by aircraft and aircraft parts.
This follows a 6.9 percent increase in November and is the sixth in 1994.

Shipments of nondurable goods increased $2.6 billion or 1.9
percent to $136.5 billion, with increases in nearly all industries. This
follows a 1.9 percent increase in November and is the twelfth increase in
the last fourteen months. Food and kindred products, up for the third
consecutive month, had the largest increase, $1.0 billion or 2.7 percent
to $37.6 billion. Chemicals and allied products and apparel and related
products also had large increases.

Unfilled Orders

Unfilled orders for durable goods in December increased $2.9
billion or 0.7 percent to $431.2 billion, the fourth consecutive monthly
increase. The December percent change is unrevised from the previously
published 0.7 percent increase, ‘Transportation equipment increased $1.9
billion or 0.9 percent to $203.2 billion. This follows a 0.2 percent
decrease in November and is the first increase since January 1994.
Electronic and other electrical equipment increased $0.9 billion or 1.9
percent to $47.0 billion, the fourth consecutive monthly increase.
Primary metals was up $0.6 billion or 2.3 percent to $29.1 billion, the
thirteenth consecutive monthly increase. Industrial machinery ‘and
equipment, down for the first month since June 1993, decreased $0.3
billion or 0.4 percent to $67.7 billion.

Inventories

Inventories for durable goods in December increased $0.9 billion
or 0.4 percent to $247.3 billion. Except for the 0.1 percent decrease in
September, inventories have increased every month since March 1994.
Electronic and other electrical equipment, up for the twelfth consecutive
month and twenty-four of the last twenty-six, had the largest increase,
$0.5 billion or 1.1 percent to $40.2 billion. Fabricated metal products
increased $0.4 billion or 1.5 percent to $24.2 billion, following a 0.7
percent increase in November. Primary metals increased $0.2 billion or
0.8 percent to $20.6 billion, the fourth consecutive increase.
Transportation equipment, down for the fifth consecutive month, had the
largest decline, $0.2 billion or 0.4 percent to $58.6 billion.

Nondurable goods inventories increased $0.4 billion or 0.3 percent
to $144.0 billion, the third consecutive monthly increase. Chemicals and
allied products had the largest increase, $0.3 billion or 0.9 percent to
$34.3 billion, following a 0.3 percent November increase.

By stage of fabrication, finished goods increased 1.0 percent in
durables and 0.7 percent in nondurables. Work in process decreased 0.2
percent in durables and 1.0 percent in nondurables. Materials and
supplies increased 0.5 percent in durables and 0.3 percent in nondurables.

(SEE BACK PAGE FOR 1995 RELEASE DATES)

‘The advance report on durable goods for January is scheduled for February 24, 1995 at 8:30 a.m. and the full report on March 3, 1995 at 10:00 a.m. For sale by the Superintendent of
Documents, U.S. Government Printing Office, Washington, DC 20402. This reports also available the day of issue through the Department of Commerce's online Economic Bulletin Board
(N-8-1) (202-482-3870) and through the Census Bureau's online information service--CENDATA. CENDATA is available from Dialog Information Services, Inc. (1-800-334-2564)and
CompuServe (1-800-848-8199). The CENDATA staff at the Bureau of the Census (301-457-1305) can provide content information and general guidance.


U.S. Department of Commerce
BUREAU OF THE CENSUS
Washington, D.C. 20233

FIRST-CLASS MAIL
POSTAGE & FEES PAID
CENSUS
PERMIT No. G-58

Official Business
Penalty for Private Use, $300

PUBLICATION DATES FOR THE 1995 MONTHLY M3 SURVEY
MANUFACTURERS’ SHIPMENTS, INVENTORIES, AND ORDERS

Advance Report Regular Report

Report Release Dates Release Dates
Covering (8:30 a.m. release time) (10:00 a.m. release time)
December 1994 Thur., Jan. 26 Fri., Feb. 3
January 1995 Fri., Feb. 24 Fri., Mar. 3
February 1995 Fri., Mar. 24 Fri., Mar. 31
March 1995 Wed., Apr. 26 Wed., May 3
April 1995 Wed., May 24 Thurs., June 1
May 1995 Fri., June 23 Fri., June 30
June 1995 Thur., July 27 Thur., Aug. 3
July 1995 Thur., Aug. 24 Thur., Aug. 31
August 1995 Wed., Sept. 27 Wed., Oct. 4
September 1995 Thur., Oct. 26 Thur., Nov. 2
October 1995 Wed., Nov. 29 Wed., Dec. 6

November 1995 Wed., Dec. 27 Thur., Jan 4, 1996



Nondefense Capital Goods 11
New Orders and Shipments
Three Month Moving Averages
Billions of Dollars

New Orders

Shipments

L 1 1 L 1 L i 1 L 1 L L L
Dec Feb Apr Jun Aug Oct Dec Feb Apr Jun Aug Oct Dec
Dec. 1992 - Dec. 1994

Defense Capital Goods
New Orders and Shipments
Three Month Moving Averages

Billions of Dollars
11 11

New Orders
1OF----------- 2-2-2 +222 ---------------- ——" 4 10

Shipments

L L L i L L i L
5 ku n L 1 i

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

Note: All Charts based on seasonally
adjusted current dollars.


Table 7. VALUE OF MANUFACTURERS’

BY INDUSTRY GROUP
(Millions of dollars)

INVENTORIES, BY STAGE OF FABRICATION,

Seasonally adjusted

‘Not seasonally adjusted

Industry Monthly Percent Change Monthly Percent
change
Dec. Nov. Oct. | Nov.- | Oct- | Sept- Dec. Nov. Oct. Dec. | Dec.
1994" | 1994" 1994 | Dec. | Nov. | Oct. | 1994" | 1994" 1994 1993 | 94/93
MATERIALS AND SUPPLIES
All manufacturing industries... .. 127,528 | 127,004 | 125,903 | +04} +09} +05 | 128,384 | 127,293 | 126,489 | 121,135 +6.0
Durable goods industries. is] 74772 | 74404 | 73,367] +05] +14] +09 | 75,043 | 74,877 | 73,898 | 68,607 | 49.4
Stone, clay, and glass products: . 2620 | 2612 | 2607 | +03] +02] 03] 2645} 2599 | 2509 | 240 | +41
Primary metals. 6386 | 6,333 | 6,281 | +08] +08] +18] 6692] 6477] 6419] 6246] +71
Fabricated metal products 8.467 | 8342 | 8266] +15] +09] +10] 8744 | 8343] 8214] 8260] +59
Industrial machinery and equipment | 16,766 | 16,852 | 16,285} -05| 435] +03] 16534] 16987 | 16,422 | 14051 | +177
Electronic and other
electrical equipment 13,123 | 12,801 | 12,724 | +18] “+13 | +28 | 13,024 | 12,800 | 12,738 | 10,430 | +249
Transportation equipment 10851 | 10,937 | 10864 | -08 | +07] -03 | 10,758} 11,048 | 10,881 | 11,132 “34
Instruments and related products | 6872 | 6,798 | 6.756} +11] +06] +09] 6773 | 6,752 | 6,728 | 6,639 | +20
Lumber, furniture and
miscellaneous durable goods . 9,687 | 9,639 | 9584] +05} +06] +06] 9,873] 9,871 | 9,897] 9,309] +61
Nondurable goods industries 52,756 | 52,600 | 52,536 | +03} +01 | -0.1 | 53,341 | 52,416 | 52,591 | 52,528 +15
Food and kindred products 10,018 | 10,182 | 10,325 -16| -14 | +10} 10250 | 10,488 | 10,560 | 10,289 04
Tobacco products ....... 4,746 .719 | 4,726 | +06] -01 | -18 | 5007 | 4552 | 4620] 5,545 9.7
Textile mill products: 2908 | 2912] 2842] -o5] +25] +14] 2836} 2810] 2,740] 2619 | +83
Paper and allied products. 6883 | 6.858 | 61829 | +04] +04] +02] 6961 | 6847] 6820] 6,775 427
Chemicals and allied products 11468 | 11327 | 11272 | +12} 40.5 | -03 | 114g6 | 11252 | 11,276 | 11,287 +18
Petroleum and coal products 29s | 2891 | 2978 | +01} 29] -23 873 "870 | 3048 | 2914 “14
Rubber and plastics products ..-.. | 4844 | 4.783 | 4,731 | +13 | +11 | +12] 4991 | 47800 | 4726 | 4/534} +101
Apparel, printing and publishing
and leather goods ........ 9,004 | 3928} 8833] +09] +11] 07] 8937] 8,797] 8801 | 8,565 +43
WORK IN PROCESS
All manufacturing industries 128,733 | 129,152 | 129,241 03 | 0.1 |  -0.1 | 124,774 | 130,297 | 130,990 | 124,856 “0.1
Durable goods industries... 104,782 | 104,954 | 105,215 0.2] 02 | -02 | 101,438 | 105,787 | 106,393 | 102,121 -0.7
Stone, clay, and glass products . 1140 | 1066 | 1.047 | +69] +18] +43 078 996 001 969 | +112
Primary metals ©... 2... 7478 | 7516 | 7424] 05} +12] +09] 7342] 7,476] 7446] 7,116] +32
Fabricated metal products -| 73813] 7616] 7559] +426] +08] +01] 7551 7/534 | 7/586 | _7:162 +54
Industrial machinery and equipment | 18,296 | 18,584 | 18,667 | -15{ -04 | -10 | 17459 | 19/272 | 19310 | 17835 21
Electronic and other
electrical equipment 16,237 | 16,044 | 15,879 | +12] +10] +10] 15,609] 16011 | 15,960 | 13,485 | +158
Transportation equipment... . 39,502 | 39,799 | 40,343 07} -13 | -06 | 38568 | 40,240 | 40,730 | 41,818 -78
Instruments and related products . 9.139 | “9.190 | 91140 06} +05} -06] 8,797] 9.256] 9,266 | 91033 26
Lumber, furniture and
miscellaneous durable goods . 5,177] 5,139 | 5,156 | 40.7] -03 | 06] 5,034] 5,002 | 5,094 | 4,703 47.0
Nondurable goods industries 23,951 | 24,198 | 24,026 | -10] +07] +05 | 23336 | 24,510 | 24,597 | 22,735 42.6
Food and Kindred products | 116 3106 | “4,21 +02] 25 0.0 | 4376 | “41443 | 4,691 | 4,289 | -+2.0
Tobacco products .... . 166 209 190 | -206] +100] -1.0 162 318 266 162 0.0
Textile mull products 2488 | 2,552 | 2,558] 25] 02] +03 | 2382] 2,527] 2,548 | 2,493 45
Paper and allied products. : 1209 | 1218 | 1217] -07 | +01] +16] Ti9s | Vi92] Ties] Tiss | +22
Chemicals and allied products 51473 | 51439 | 5/413. | +06] +05] -16}| 5323 | saat | 51426 | 5633 55
Petroleum and coal products 2352 | 2,353 | 2,285 oo] +30] +427] 2190] 2364] 2359] 1941] +128
Rubber and plastics products | | | 1926 | 1903 | 1876] +12} +14] +06] 92s} 1957] 1917 0777 | +83
Apparel, printing and publishing ”
and leather goods . 6221 | 6418 | 6,275 31] 423] +18] 5,783 | 6268 | 6,222 | 5,271 49.7
FINISHED GOODS
All manufacturing industries 135,016 | 133,832 | 132,919 | +09] +07 | +08 | 130,691 | 133,002 | 131,958 | 124,428 | — +5.0
Durable goods industries 67,709 | 67,016 | 66,343 | +10] +10 | +11 | 65,200 | 66,278 | 65,177 | 60,125 48.4
Stone, clay, and glass Products - 3,906 | 3,890] 3877] +04] +403 | -01 | 3814 | 3,772 | 3,707 | 3,842 -0.7
Primary metals ©... . 6.768 | 6614} 6471 | 423] +22] +21 | 6652] 6526] 6399] 6070] +96
Fabricated metal products © 7.923 | 7,889 | 7,854} +04] +404] -06] 7514] 7,631 | 7,608 | 7,205 +43
Industrial machinery and equipment | 14,590 | 14,264 | 14321 | 423] -04 | +30 | 14286 | 14107 | 14,069 | 13,060 | 49.4
Electronic and other
electrical equipment ......... 10,794 | 10,764 | 10,518 | +03] +23] +17] 10,246 | 10645 | 10381 | 8,646 | +185
Transportation equipment |: | 8240 | 8.084 | 7924] +19] +20 oo | 7872 | 8409] 8072] 7,103 | +108
Instruments and related products - 5919 974 | 5,983 09] 02] -09] 5.710} 6,059} 6,006 | 5,739 0.5
Lumber, furniture and
miscellaneous durable goods 9569 | 9,537] 9395] +03] +15] +407] 9,106] 9,129] 98935 | 8460] +76
Nondurable goods industries . 67,307 66,816 66,576 +0.7 +04 +0.5 65,491 66,724 66,781 64,303 +18
Food and Kindred products : 16,760 | 16,635 | 16,637 | +08 00 | +02] 16504 | 17,485 | 17,649} 15,873 +4.5
Tobacco products... ‘904 810 705 | +116] +149]  -04 798 813 783 80 -1.0
Textile mill products . 4,409 4341 4312 +16 +0.7 +0.7 4,089 4,188 4,192 3,872 +5.6
Paper and allied products... : 3442 | 5.438 | 5463 | +01] -05] -13 | 5,237 | 5310 | 5,259 | 5,422 34
Chemicals and allied products 17359 | 17234 | 17197 | +07 | +02] +01 | 17299] 17136 | 16910 | 17,171 407
Petroleum and coal products 51233 | 5206 | 3096 | +05] 422] 412] 51023] si4i6 | 5,265 | 4,775 45.2
Rubber and plastics products 6200 | 6142 | 6194} +09} -08 | +18] 6092} 6003} 5971 | 5928] +28
Apparel, printing and publishing
and leather goods ........... 11,000 | 11,010 | 10,972 | -0.1 | +03] +15] 10,359] 10,373 | 10,752 | 10,456 09

” Preliminary. ‘ Revised.

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


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

(Millions of dollars)

Seasonally adjusted

Not seasonally adjusted

Industry Monthly Percent Change Monthly Percent
change
Dec. Nov. Oct.| Nov.-|  Oct-] Sept Dec, Nov. Oct. Dec.] Dec.
1994” 194° 1994] Dec.] Nov.| Oct. 1994" 1994" 1994 1993] 94/93
All manufacturing industries 456,635 | 453,378] 450,853 +0.7 +0.6 +0.4] 451,581] 447,692] 446,834] 438,358 43.0
Manufacturing industries
without defense capital goods .... . 344,110] 343,787] 340,030] 0.1] +11] —-+0.9| | 338,763] 339,260} 336,858] 321,220] +55
Durable goods industries 431,195 | 428,295] 426,266 40.7 +0.5 +04] 427,462] 423,695] 422,569] 417,627 $2.4
Stone, clay, and glass products . 7,961 7,739 7481] 429) 434) 42.1 7,514 7,438 7,387 6819] +102
Primary metals ve 29,126} 28,482] 27,993] +23] 41.7] +39] 27.901] 26,609] 26,307] 21,548] 429.5
Blast furnaces, steel mills 11,299 11,420 11,448 <1 0.2 +17 10,644 10,652 10,689 9,712 +9.6
Iron and steel foundries 3,766 3,523 3498] +69] +07] +02 3,702 3,441 3,475 3,043] 421.7
Nonferrous and other primary
metals . 14,061} 13,539] 13,047} +39] 43.8] 46.9] 13,555] 12,516] 12,143 8,793 |  +54.2
Fabricated metal products 20,601} 20,593] 20,462 00} +06 05} 20,427} 20,157] 20,278] 20,046] +1.9
Industrial machinery and equipment 67,712} 67,976] 66,290 04] 425] +28] 67,504] 68344] 66,158] 52,978] +274
Engines and turbines ......... 10,238} 10,971} 10,802 67] +16{ +18} 10,623] 11,407] 11,175] 10,139] +48
Construction, mining and
‘material handling equipment 7,102 TAIT 6,985 02] +19] +23 7,017 7,051 6,883 3,791] +212
Metalworking machinery 9,701 9,590 9411 +12 +19 09 9,701 9,590 9,411 7335] +323
Computer and office equipment 11572} 11,584] 11,471 Ol} +10] +75] 11,202] 12,074] 11,779 7,251] +545
Electronic and other
electrical equipment . 47,023] 46,140] 45,834] +19] 40.7] +08] 46,140] 45,703] 45,342] 44,438] 43.8
Electrical transmission and
distribution equipment and
industrial apparatus 5,786 5,895 6,029 18 22 +2.9 5,741 5,914 6,012 5,770 0.5
Electric lighting and
wiring equipment . 3,640 3,620 3,679 +0.6 -16 3,640 3,620 3,679 3,237] +12.4
Communications equipment 14,998] 14,213] 14,153] 45.5] +04 15,004] 14,246} 14,207] 15,032 -0.2
Electronic components . . 16,491] 16,569] 16,251 05} 42.0 15,914] 16,080] 15,647] 15,104] +5.4
Transportation equipment 203,182] 201,318] 201,709} +09 0.2 202,980} 200,111] 200,604} 213,476 49
Aircraft, missiles,
space vehicles, and parts. 170,806 | 172,497] 172,415 -1.0 0.0 170,713] 171,488] 171,466] 184,025 “72
Shipbuilding and tanks ++» | 18,971] 15,970] 16,347] +188 23 18.911] 15,980] 16,362] 19,296 -2.0
Instruments and related products .... | 47,604| 47,865] 48,285 0.5 09 47,959] 47,648] 48,339] 51,394 67
Search and navigation equipment 31,275 31,427 31,769 -0.5 “Ll 31,655 31,244 31,817 34,290 77
Measuring and controlling devices 9,230 9,148 9,088] +09} +0.7 9,230] 9,148 9,088 8832] +45
Medical instruments and supplies 6,304 6,483 6,556 28 Ll 6,304 6,483 6,556 7,456] -15.5
All other durable goods 7,986 8,182 8,212 24 04) 0 +L1 7,037 7,685 8,154 6928) +16
Nondurable goods industries . 25,440] 25,083] 24,587 +14 42.0 +18] 24,119] 23,997] 24,265 20,731] +163

° Preliminary. ‘ Revised.

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


Table 2. VALUE OF MANUFACTURERS’ NEW ORDERS FOR INDUSTRY GROUPS
(Millions of dollars)

Seasonally adjusted Not seasonally adjusted’
Monthly Percent Change Monthly Percent | Year to date
Industry change

Dec. Nov. Oct. | Nov.- | Oct- | Sept. Dec. Nov. Oct. Dec. Dec.
1994? 1994" 1994} Dec.} Nov.| Oct. 1994" 1994" 1994 1993 | 94/93 1994" 1993

All manufacturing industries .. . . . | 298,576] 293,716] 285,985] +1.7] +2.7| 0.4] 293,403] 293,415] 295,062| 260,358] +12.7]3,382,668 {3,068,411
Manufacturing industries

with unfilled orders ...... -| 162,150] 159,893] 155,461] +1.4] +291 —-0.2} 165,568] 160,078] 159,098] 144,868] +14.3] 1,829,306 ]1,623,586
without defense capital goods... . 289,303} 288,149] 280,174] +0.4] 42.81 0.0] 281,271] 287,809] 288,471] 252,407] +11.4] 3,304,949 [2,992,891

Durable goods industries . . 161,727) 159,321} 154,150) +1.5] +34) 0.8} 162,203] 159,189] 158,839] 142,095] +14.2] 1,822,214 ]1,599,270
With unfilled orders -| 128,123} 126,191] 122,701) +1.5] +2.8/  -0.2) 132,659] 126,245] 125,099] 115,600] +14.8] 1,443,536 |1,269,616
Stone, clay, and glass products .....] 7,394] 7,172) 6,812) 43.1] +53] +16 6,256] 6,970] 7,103] 5,330] +174] 80,948] ” 71,004
Primary metals ........... s+++[ 15,475] 14,644) 14,635] +5.7] +0.1] +1.6 15,066] 14,239} 14,463] 11,528] +30.7} 162,691] 139,068
Blast furnaces, steel mills 6,342} 6,108) 6,156] +38) -0.8/ -1.0) 5,957] 5,903] 5,950] 5,036) +183] 70,422] | 64,417
Tron and steel foundries 1,670] 1,319} 1,229) +266] +73) -3.8) 1,448] 1,251] 1,390] 905] +60.0] 15,215] 12,770
Nonferrous and other primary
metals ......... sesseseses] 7,463] 7,217] 7,250) +34] -0.5] +5.1) 7,661] 7,085] 7,123] 5,587 +37.1] 77,054] 61,881
Fabricated metal products. . +] 15,162) 15,691] 15,100] -3.4) +3.9) +0.3) 14,542] 15,459) 15,739] 14,152] +2.8] 182,340] 167,593
Industrial machinery and equipme: 28,538] 30,048] 30,415] -5.0] 1.2} +1.9] 30,994] 29,880] 30,041] 29,486] +5.1] 343,909] 290,598

Engines and turbines .......... 1,229] 2095] 2,089] -41.3] +03) +9.6 2,118] 2,113] 2140] 2535] -16.4| 22'865] 19°130
Construction, mining and
material handling equipment .. . 3,050] 3,072] 2,978} -0.7] +32) -1.1} 2,890] 2,959] 3,112] 2,485] +163] 34,313] 29,835
Metalworking machinery .......} 3,044) 3,289] 3,108] -7.4] +58) -6.9| 3,314] 3,627] 3.295] 3,350] -1.3] 37,612] 31,061
Computer and office equipment ...] 7,838] 7,944) 8,604] -1.3]-7.7} +3.8] 9,757] 8,102] 7,728] 9,172] +64] 92,969] 77.294
Electronic and other
electrical equipment ........... 25,561] 24,771) 23,974 +3.2| +3.3| +2.4| 26,622] 25,673] 24,343] 21,181] 425.7] 275,728] 235,258,

Electrical transmission and
distribution equipment and

industrial apparatus ...... 2... 2,554) 2,532] 2,786] +0.9] -9.1] +10.7] 2,479] 2,479 2,715] 2,389] +3.8| 31,329] 29,030
Electric lighting and
wiring equipment ............ 1,903] 1,809] 1,993) +5.2] -9.2) 43.2} 1,993] 1,925] 2,013] 1,680] +18.6] 22,137] 20,289

Communications equipment

6,516 5,816] 5,044] +12.0) +15.3] -13.5] 8,185] 5,894] 4,814] 5.994) +36.6] 61,430] 49,365
Electronic components . .

8,968] 8,987 8,835) -0.2] +1.7} +99) 8817) 9,118) 8,731 6,829) +29.1 98,015} 80,403

Transportation equipment ....-....] 41,835] 39,484] 35,231] +60] +121] -9.4! 41'259] 39.944 38179] 34582] +193] 452616] 392,194
Aircraft, missiles,

space vehicles, and parts. .....] 6,402) 8,700} 5,970} -26.4] +45.7| -16.4} 9,368] 8,704] 6,193] 8,255] +13.5] 88,323] 79,622
Shipbuilding and tanks ........] 3,753] 437 528}+758.8] -17.2| -62.9] 3,856] 410} 537 586] +558.0| 11,076] 9,956

Instruments and related products . 11,082] 10,739) 11,183] +3.2 4.0) +6.2) 12,655] 10,668) 11,402] 11,581 +93} 128,935} 124,777

Search and navigation equipment | 2,248] 2,012) 2,372] +11.7] -15.2}  -1.2] 3,282] 1,952] 2\572] 2.973] +104] 27.137) 29,194
Measuring and controlling devices .} 3,559] 3,445] 3,301] +33] +44) +69) 3,757] 3.388] 3,307] 3.236] +16.1| 39,183] 34.838
Medical instruments and supplies | 2,966} 3,007] 3,069] -1.4] -2.0] +13.7] 3,199] 2,979] 2,989] 3,024) +58] 34.922] 34.440
All other durable goods ........ 16,680] 16,772} 16,800] -0.5]  -0.2f +1.1] 14,809} 16,356] 17,569] 14,255]  +3.9] 195,047] 178,778
Nondurable goods industries .......] 136,849] 134,395] 131,835 +19] 0.0] 131,200} 134,226] 136,223] 118,263] +10.9] 1,560,454 |1,469,141

ot

8]
With unfilled orders ......... -| 34,027) 33,702} 32,760] +1.0) +2.9] +0.1] 32,909] 33,833] 33,999] 29,268] +12.4] 385,770] 353,970

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

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

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


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

SHIPMENTS

FOR INDUSTRY GROUPS

Seasonally adjusted

Not seasonally adjusted"

Monthly Percent Change Monthly Percent | Year to date
Industry change
Dec.| Nov.| Oct. | Nov- | Oct-] Sept-| Dec.] Nov.] Oct.| Dec. } Dec.
1994"} 1994'} 1994] Dec.] Nov.] Oct] 19947] 1994") 1994] 1993] 94/03 | 1994" | — 1993
All manufacturing industries 295,319] 291,191] 283,975] +14] +25] -0.8] 289,514] 292,557] 294,142] 262,967] +10.1]3,369,445 ]3,102,239
Manufacturing Industries
with unfilled orders... .. -| 158,893] 157,368] 153,451] 41.0] +26 -0.7) 161,679} 159,220] 158,178] 147,477] +9.6| 1,816,083 1,657,414
without defense capital goods . . . | 288,980] 284,392] 277,207] +1.6| +2. — -0.8| 281,768| 285,407| 287,484] 254,876] +10.6]3.287,406 [3,014,077
Durable goods industries 158,827} 157,292] 152,586] +1.0} +3.1] -1.1] 158,436] 158,063] 157,557] 144,924)  +9.3] 1,812,379 11,631,768
With unfilled orders : 125,223] 124,162] 121,137] +09] +2.5]  -0.6| 128,892} 125,119} 123,817] 118,429}  +8.8) 1,433,701 11,302,114
Stone, clay, and glass products 7172) 6.914] 6,656] +3.7] +3.9| 0.6 6,180] 6.919] 7,265] 5,447] +135] ° 80,253] 70,577
Primary metals ....... 14,831} 14,155] 13,590] +4.8} +4.2] +1.) 13,774] 13,937} 14,066] 11,011] +25.1] 156,338] 138,196
Blast furnaces, steel mills 6,463] 6,136] 5.961] +53] +29] +04) 5,965] 5.940] 6,121] 4.991] +19.5] 69,490] 63,127
Iron and steel foundries... 2... 1,427} 1,294] 1,222] +103} +59) -19} 1.187] 1,285] 1,347] 937] 426.7) 14,556] 12,557
Nonferrous and other primary
metals 2.0.2... 00. 6,941] 6,725] 6,407] +32} +5.0| +3.2} 6,622) 6,712] 6,598] 5,083) +30.3] 72,292] 62,512
Fabricated metal products so... [15,154] 15;560] 15,195] -2.6] +24) -0.9} 14,272] 15/580} 16,091] 13,940] +2.4) 181,959] 170,308
Industrial machinery and equipment .} 28,802] 28,362] 28,592) +16] -0.8] | +0.5| 31,834] 27,694] 27,736] 29,048] +9.6| 329,383] 287,739
Engines and turbines : 1,962) 1,926] 1,893] +19] +17} -2.1] 2,902} 1,881] 1,712] 2,723] +6.6] 22,381] 19,047
Farm and garden machinery 1,736] 1,713] 1/899) +13] 9.8) +3.5] 1444 1,386] 1,847] 1,321] +9.3) 21,170] 17,698
Construction, mining and
material handling equipment . 3,065] 2,940] 2,823) +43] +4.1) +03] 2,924] 2,791] 2,887] 2,422] +20.7} 33,087) 29,643
Metalworking machinery 2,933] 3,110] 3,189) -5.7] | -2.5] -0.4] 3,203] 3,448] 3,376] 2,968] +79] 35,246] 31,059
Computer and office equipment 7/850] 7,831] 7,799] +0.2| +0] +1.2} 10,629} 7,807] 6,743] 9,765] +88] 89,018] 77,164
Electronic and other
electrical equipment 24,678| 24,465] 23,611] +09] +36 +1.2) 26,185] 25,312) 23,951] 22,039] +18.8] 274,026] 232,907
Electrical transmission and
distribution equipment and
industrial apparatus . . 2,663 2,666] 2,614) -0.1) 42.0) 0.0} 2,652] 2,577] 2,544] 2,476) +7.1] 31,358] 28,812
Household appliances 1934 1,901] 1,869) +17] +17} -1.4] 1,820] 1,837] 1,856] 1,540] +18.2] 22,493] 19,847
Electric lighting and
wiring equipment ............ 1,883] 1,868] 1,876] +0.8| -0.4f -0.1] 1,973] 1,984] 1,896] 1,713 +15.2] 21,734] 20,032
Household audio and
video equipment .......... 1,106] 1,088] 1,109) +1.7]-1.9} +5.9] 1,045] 1,384] 1,504] 893 +17.0] 12,585] 11,249
Communications equipment 3.731] 5,756] 5,421] -0.4] +62] 42.0) 7,427) 5,855] 5,121] 6,095) +21.9] 61,458] 47,755
Electronic components ....... 9,046] 8,669] 8,437] +43] +2.7| +0.31 8.983] 8.685] 8,431] 7,209] +24.6} 97,205] 80,981
Transportation equipment 39971} 39,875] 37303] +02] +69) -5.5] 38,390) 40,437] 39,792] 36,850] +4.2| 463,112] 424,564
Motor vehicles and parts 29,193] 28,409] 26,413] 42.8] +7.6 —-6.7] 25,629] 29,066] 29,090] 22,696] +12.9] 328,833] 282,117
Aircraft, missiles,
space vehicles, and parts. 8,093] 8,618] 8,135] -6.1) +59] -2.7] 10,143] 8,682] 7,840] 11,485] 11.7] 101,635] 112,773
Shipbuilding and tanks . . 752| 814] 840) --7.6]--3.1] -10.6f 925] 792) 846) 1.184) -21.9} 11,461] 11,874
Instruments and related products 11,343} 11,159] 10,932) +1.6]  +2.1]  -2.0] 12,344] 11,359] 10,879] 11,912] +36] 132,370] 128,970
Search and navigation equipment 2,400] 2/354] 2,428) +20} -3.0 -4.2} 2,871] 2,525] 2,326] 2,928) -1.9] 29,772] 32,059
Measuring and controlling devices 3,477] 3,385] 3,133) +27] +8.0] -5.2] 3,675] 3,328] 3,139] 3,286] +11.8] 38,785] 35,194
Medical instruments and supplies 3,145] 3,080} 3,020) +2.1] +20, +12} 3,378] 3,052] | 2,940] 3,342] +1.1] 36,074] 35,407
Photographic goods 1/895] 1,985] 1,968) -4.5| +091 +19] 2,020] 2,109] 2,091] 2,029] -0.4] 23,261] 22,249
All other durable goods»... 2... 16,876] 16,802| 16,707] +04} +0. +1.2| 15,457] 16,825] 17,777] 14,677] +5.3] 194,938] 178,507
Nondurable goods industries . 136,492] 133,899| 131,389] +1.9} +19} -0.3| 131,078] 134,494] 136,585] 118,043] — +11.0] 1,557,066 1,470,471
With unfilled orders 33,670| 33,206] 32,314] +14] 42.8} -1.1] 32,787] 34,101] 34,361] 29,048] +12.9] 382,382] 355,300
Food and kindred products 37,571] 36,587| 35,909] 42.7] +191 +03] 37,484] 36,825] 37,253] 35,096] +6.8] 429,610] 413,988
Meat products. . . 8,468] 8,114] 8,153] +44] -0.5| 40.1] 8,231] 7,940] 8,486] 7,733] +64] 96,974] 95,244
Dairy products... 4,967] 4,756] 4,669] +4.4] +19] +06] 4.793] 4.813] 4,631] 4,398] © +9.0] $5,927] $3,966
Beverages... 20.2... 0.2. 5,401] 5,326] 5,294] +14] +06 42.2} 5,088] 5,073] 5,132] 4,746] +7.2) 62,732] 59,037
All other foods, except fats and oils | 16,755] 16,338] 16.016] +26] +2.0) 0.0 17,392] 16.946] 17,227] 16,396] +6.1 191,869] 184,843
Tobacco products -..-{ 2;596] 2641] 2801] -1.7] -5.7] +10.8] 2936] 2,779} 2,679] 3,054] -3.9] 32,611] 31,301
Textile mill products... .. 6,442] 6,256] 6,233] +3.0/ +04} 1.1] 5,862] 6.335] 6,640] 5,309] +10.4) 74,224] 70,172
Broadwoven fabrics and
other textiles. 0.2.0... 20.0. 4,052] 3,941] 3,892] +2.8| +0.1] 3,821] 3,887] 4,004] 3,451] +10.7] 46,087) 43,437
Paper and allied products 12442) 123311] 12085] +1.1 42.0] 12:04] 12262] 12,369] 10,391] +159] 137,920] 129,445
Pulp, paper, and
paperboard mill products 5,110] 5,014] 4,906] +19] +2.2) 42.7] 5,023] 5,099] 4,937] 4,207] +19.4} 55,055] 52,148
Paperboard containers and boxes 3/326] 3,260] 3,191] +2.0) +2.2} +23] 3,123] 3,218] 3,352) 2,499] +25.0) 36,063] 31,839
Miscellaneous converted
paper products ............ 4,006] 4,037] 3,988] -0.8] +12} +1.0] 3,898] 3,945] 4,080] 3,685 +5.8] 46,802] 45,458
Chemicals and allied products 30,346] 29,935] 29,275] +1.4| 42.3] -0.7] 28,789] 28,762] 28,594] 25,370| | +13.5] 341,293] 313,752
Industrial chemicals 16,589] 16,100] 15,646} +3.0} +29] -0.5| 15,428] 15,678] 15,579] 12,347] +25.0] 179,788] 160,933
Drugs, soaps, and toil 10,285] 10,427) 10,279] -1.4| +14) -0.2] 10,491] 10,278| 10,211] 10,516] -0.2) 122,124] 117,391
Petroleum and coal products 12,495] 12,318] 11,713] +14) +52) -2.2| 12120] 12,825] 12,509] 10,483] +15.6] 144,304] 147,301
Rubber and plastics products 10,143] 9,925] 9.7231 +22] +21) +09] 9,101) 9,484] 10,074] 8,002] +13.7] 113,775] 104,076
All other nondurable goods... ... . 24,457] 23,926] 23,650} +22| +12) -2.3] 22,742] 25,222] 26,467] 20,338] +11.8] 283,329] 260,436

* Preliminary. "Revised.

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

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