Table 4. VALUE OF MANUFACTURERS’ INVENTORIES FOR INDUSTRY GROUPS

(Millions of dollars)

Seasonally adjusted

Not seasonally adjusted

Industry Monthly Percent Change Monthly Percent
change
Jan Dec. Nov.] Dec.-| Nov.-]  Oct- Jan, Dec. Nov. Jan Jan.
1994" 193° 1993 Jan Dec.] Nov. 1994" 1993" 1993 1993] 94/93
All manufacturing industries 378,713 | 377,425] 380,181} +03 0.7 0.0] 377,504} 370,419] 380,579} 377,941 -0.1
Manufacturing industries
with unfilled orders. 0.0.0.0... 250,365 | 249,207] 251,016] — +0.5 0.7 0.0} 248,005} 242,681} 250,784] 249,008 -04
without defense capital goods 352,224] 350,755] 352,574 +0.4 -0.5 0.1] 351,869] 344,821} 352,796] 349,092 40.8
Durable goods industries 237,916 | 236,303] 237,886] — +0.7 0.7] 40.1] 236,310] 230,853] 238,373] 234,875] +06
With unfilled orders 217,287} 216,003] 217,758 40.6 08 0.0] 215,248] 210,533] 218,139] 216,138 0.4
Stone, clay, and glass products . . . 7,581 7,493 7,518 +12 03 -1.0 7,591 7,351 7,340 7,785 2.5
Primary metals... 19,517] 19,442] 19.277] 40.4] +09 03] 19,503] 19,432] 19,246] 19,336] +0.9
Blast furnaces, steel mills... 9,555 9,485 9,473 +07 +0.1 0.0 9,698 9,721 9,578 9,852 -1.6
Tron and steel foundries 1,427 1,414 1,406 +09 +0.6 0.0 1,424 1,389 1,373 1,368 +41
Nonferrous and other primary
seeee 8,535 8,543 8,398 0.1] +17 0.6 8,381 8,322 8,295 8,116
products 22,828] 23,066] 23,045 1.0] +0.1 04] 22,759] 22,627} 22,719] 23,122
Industrial machinery and equipment 46,678] 46,158] 46,005 +11 +03 +04] 46,598] 44,946] 46,642] 44,881
Engines and turbines : 3,498 3,441 3,545] +17 2.9 0.5 3,312 3,089 3,747 3,331
Farm and garden machinery. . - 2,480 2,474 2,523 +02 “19 +6.6 2,664 2,577 2,578 2,496
Construction, mining and
material handling equipment 5,611 5,594 5671] +03 -14 Ll 5,639 5,488 5,613 5,952 -53
Metalworking machinery 5,269 5,230 5203] +0.7) +05] +03 5,195 5,044 5,243 5134, +12
Computer and office equipment . . . 11,197] 10,996] 10,756] +18] +22) = 40.7] 11,085] 10,509] 11,136 9,902] +11.9
Electronic and other
electrical equipment 34,234 33,625 33,823 18 0.6 +0.9 33,823 32,561 33,523 31,230 48.3
Electrical transmission and
distribution equipment and
industrial apparatus ........ 4,250 4,159 4,282 42.2 2.9 0.6 4,162 4,022 4,284 4,267 2.5
Household appliances 2,624 2,602 2,575 +0.8 +1.0 +L 2,587 2,395 2,449 2,436 +6.2
Electric lighting and
wiring equipment ............ 2,948 2,915 2,879 +11 +13 42.5 2,854 2,773 2,864 2,778 42.7
Household audio and
Video equipment .. . . 1,040 1,037 1,030] +03] +07] +16 994 971 975 1,030 -3.5
Communications equipment 9,249} 9,076] 9,172] +19 lo] +14 9271 8,866 9,150 7,789} +19.0
Electronic components . . 10,938} 10,638] 10,696} +2.8 05} +16] 10,840] 10,458] 10,680 9,594] +13.0
Transportation equipment . 61,860| 61,588] 63,178 +0.4 25} +03} 61,234] 60,053] 64,082} 65,527 -6.6
Motor vehicles and parts 11,541 11,510 11,343 $0.3 +15 04 11,724 11,495 11,767 11,342 434
Aircraft, missiles,
space vehicles, and parts. 46,194} 46,026] 47,671} +0.4 +05] 45,354) 44,583] 48,196] 49,874 9.1
Shipbuilding and tanks ....... 1,567 1,572 1,636 03 +0.2 1,551 1,497 1,600 1,787 13.2
Instruments and related products 21,931 22,115 22,317 08 “13 21,428 21,411 22,364 22,497 48
Search and navigation equipment 5,649 5,815 5,801 29 3.6 5,445 5,623 5,815 6,259] -13.0
Measuring and controlling devices 6,458 6,482 6,533 04 04 6,387 6,337 6,537 6,560 26
Medical instruments and supplies. 6,150 6,155 6,232 0.1 03 6,058 6,020 6,283 6.215 2.5
Photographic goods . . . 2,864 2,854 2,928 +04 0.7 2,741 2,646 2,920 2,712 +11
All other durable goods 23,287] 22,816) 22,723 421 40.4 40.5] 23,374] 22,472) 22,457) 20,497) +14.0
Nondurable goods industries . . 140,797) 141,122] 142,295 0.2 -08 0.3] 141,194] 139,566} 142,206] 143,066 13
With unfilled orders 33,078] 33,204] 33,258 -0.4 02 -0.1] 32,757] 32,148] 32,645] 32,870 -0.3
Food and kindred products 30,100] 30,059] 29,937] +01) +04] +01] 30,600] 30,451] 31,377] 30,438] ~~ +0.5
Meat products . . ee 3,248 3,209 34) 412] 43.1 +13 3,203 3,052 3,176 2,910] +101
Dairy products .......... 2,730 2,730 2,753 0.0 08 -0.7 2,629 2,553 2,666 2,644 -0.6
Beverages 5,392 5,347 5358] +0.8 02] +10 5,376 5,353 5,428 5,250] +24
All other foods, except fats and oils 17,031 17,100 17,203 0.4 0.6 +0.4 17,542 17,698 18,447 17,989 25
Tobacco products 6,031 6,365 6611 5.2 3.7) +03 6,429 6,513 6,558 TALS 9.6
Textile mill products 9,642 9,470 9,400 +18 +0.7 +15 9,592 8,984 9,122 9,076 +5.7
Broadwoven fabrics and
other textiles ees 5,398 5,346 5,315 +10 +0.6 +12 5,420 5,129 5,245 5,304 +2.2
Paper and allied products 13,337 13,487 13,520 Ld 0.2 04 13,445 13,366 13,322 13,538 0.7
Pulp, paper, and
Paperboard mill products 5,763 5,783 5,802 03 03 -0.1 5,849 5,758 5,702 5,624 +4.0
Paperboard containers and boxes . 3,021 3,102 3,156 2.6 “17 -13 3,093 3,139 3,091 3,342 75
Miscellancous converted
Paper products . 4,553 4,602} 4,562 “ll 02] 4,503 4,469 4,529 4,572 o15
Chemicals and allied products 34,087] 34,247] 34,513 -0.5 0.5] 34,316] 34,091] 34,406] 35,349 29
Industrial chemicals on 16,418] 16,634} 16,836 -13 09] 16,664] 16,717] 16,641 17,580 52
Drugs, soaps, and toiletries : 13,326] 13,293] 13,387 40.2 0.1 13,086} = 12,963] 13,481 13,149 -0.5
Petroleum and coal products ...... . 9,890 9,875 10,406 +0.2 23 9,584 9,630 10,657 11,284 15.1
Rubber and plastics products 12,289] 12,213 12,231 +0.6 40.2] 12,451 12,239] 12,168} 11,958 +41
All other nondurable goods ....... 25,421 25,406 25,677 +0.1 0.4 24,777 24,292 24,596 24,308 +19

Preliminary. ' Revised.

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


10

Total Manufacturing
New Orders and Shipments
Three Month Moving Averages

Billions of Dollars

300 300
New Orders
280 ~ -| Shipments | 280
260 260
240 240
220 - --------------- +--+ - 2-2 +--+ ee ----------4 220
200 1 i L 1 1 L 1 1 it i i L 1 200
Jan Mar May Jul Sep Nov Jan Mar May Jul Sep Nov Jan
Jan. 1992 - Jan. 1994
Total Manufacturing
Ratio of Unfilled Orders and
Inventories to Shipments
V/S Ratios UO/S Ratios
2.5 4.3
24F--- vos [-} 4.2
23F--- “Ws 4a
2.2 ==
2.1
2
1.9
1.8
1.7
1.6
1.5
1.4

1.3

1.2

Jan Mar May Jul Sep Nov Jan Mar May Jul Sep Nov Jan
Jan. 1992 - Jan. 1994

Note: All Charts based on seasonally
adjusted current dollars.


Table 6. VALUE OF MANUFACTURERS’

FOR TOPICAL SERIES'
(Millions of dollars)

UNFILLED ORDERS AND TOTAL INVENTORIES

Seasonally adjusted

‘Not seasonally adjusted

Industry Monthly Percent Change Monthly Percent
change
Jan. Dec. Nov. | Dec- | Nov- }| Oct- Jan. Dec. Nov. Jan. Jan.
1994” 1993" 1993 Jan. | Dec. | Nov. 194° 1993" 1993 1993 | 94/93
UNFILLED ORDERS
All manufacturing industries 444,599 | 441,947 | 445,319 | +06] -08 -0.6 | 445,560 | 438,358 | 440,967 | 476,613 65
Market categories :
Automotive equipment 1,944 1,931 1852] +07] +43] 433 1,960 1,902 1,850 1,652 | +186
Home goods and apparel 9914 | 10,083 | 9.916 7] +.7] +06] 9376 | 8.663 8,940 | 9,685 32
Consumer staples. 1,403 1,426 1,409 -16] +12] +04 1,423 1,476 1,400 1411 +09
Machinery and equipment . 182,372 | 180,732 | 182976 | +09] -12 -0.2 | 182,762 | 180,222 | 182,630 | 195,510 6.5
Business supplies ....... 5,360 | 5,428 5,439 13] -02 09 | 5,309 | 5,368 5,294 | 5,743 -16
Construction materials
and supplies sees 14,192 | 14,181 | 14,347 | +0.1 -12 | +03 | 13,995 | 13,876 | 13,981 | 14,626 43
Defense products see 109,832 | 109,927 | 111,386 0.1 -13 -1.8 | 111,171 | 110,908 | 111,090 | 124,657 -10.8
Other materials, supplies an
and intermediate products . . 119,582 | 118,239 | 117,994 | +11] 40.2 -05 | 119,564 | 115,943 | 115,782 | 123,329 3.1
Durable goods industries :
Nondefense capital goods * 199,369 | 197,576 | 199,464 +0.9 09 -0.2 | 200,126 | 197,337 | 199,423 | 214,904 6.9
Excluding aircraft and parts 76,696 | 75,897 | 74319 | +11} 42.1 | +07 | 77,453 | 75,658 | 74,278 | 71,409 48.5
Defense capital goods * 115,894 | 116,434 | 117,709 -0.5 ld 15 } 117,091 | 117,138 | 117,278 | 131,278 -10.8
Durables excluding capital goods 107,424 | 106,278 | 106817 | +11 05 -0.6 | 107,156 | 103,152 | 103,755 | 107,889 -0.7
Miscellaneous series:
Producers’ durable equipment 209,657 | 207,774 | 209,881 +09 -1.0 0.0 | 210,237 | 206,143 | 208,840 | 218,430 3.8
Household durable goods : 5,539 5,738 5,638 3.5 +18 +0.8 5,368 4,835 5,043 5,167 43.9
Information technology industries 32,363 | 32,416 | 32,618 02] -06 | +26] 32,094 | 32,086 | 32,799 | 30.961 | “3.7
Health care equipment
and products ............... 1,673 7,486 | 7,804] 425] 41 -16 | 7,672 7,485 7,805 8,722 | -12.0
TOTAL INVENTORIES
All manufacturing industries 378,713 | 377,425 | 380,181 +03 07 0.0 | 377,504 | 370,419 | 380,579 | 377,941 0.1
Market categories
Automotive equipment 6,096 6,075 6,058 +03 +03 6,182 6,011 6,181 6,086 +16
Home goods and apparel 30,599 | 30,405 | 30,542] +06] -04 30,255 | 29,136 | 29,121 | 28,518 46.1
Consumer staples ._ - | 57,299 | 57,659 | 58,200 06] -09 57553 | 57.474 | 39.575 | 59,397 3.1
Machinery and equipment ee 88,720 87,804 88,657 +10 -1.0 88,147 85,305 89,571 86,955 +14
Business supplies .......... 20,986 | 21,033 | 21,152 02] 06 20,659 | 20,385 | 21,033 | 21,434 3.6
Construction materials
and supplies : 24,396 | 23,914 | 23,925 | +2.0 0.0 | +09 | 24,294 | 23,308 | 23,558 | 22,561 47.7
Defense products .......... 25,235 | 25,329 | 26,212 04] 34] +04 | 24530 | 24,446 | 26,309 | 27,196 98
Other materials, supplies and
and intermediate products . 125,382 | 125,206 } 125,435 | +0.1 0.2 | -0.2 | 125,884 | 124,264 | 125,231 | 125,794 40.1
Durable goods industries :
Nondefense capital goods 83,335 | 82,351 | 83,134] +12] -09 | -01 | 82,723 | 79,937 | 83,991 | 82,197 +06
Excluding aircraft and parts 57,065 | 56,351 | 56368 | +13 0.0 | +01 | 56556 } $4,501 | 56924 | 53,695 +53
Defense capital goods‘ ..... 26,489 | 26,670 | 27,607 07] 34] +03 | 25,635 | 25,598 | 27,783 | 28,849 | -11.1
Durables excluding capital good: 128,092 | 127,282 | 127,145 +0.6 40.1 +0.2 | 127,952 | 125,318 | 126,599 | 123,829 433
Miscellaneous series
Producers’ durable equipment .... | 142,711 | 141,833 | 142,600 +06 -0.5 0.0 | 141,978 | 138,281 | 143,316 | 139,856 +15
Household durable goods . . . . 13,451 13,453 13,483 0.0 -0.2 -0.1 13,335 12,884 13,076 12,682 45.1
Information technology industries 30,627 | 30,347 | 30,339 | +09 00 | +04 | 30,274 | 29,335 | 30,759 | 28,005 48.1
Health care equipment
and products .............. 13,387 13,372 13,500 +0.1 09 02 13,169 13,061 13,601 13,354 -14

See footnotes at end of table 5

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


Table 5. VALUE OF MANUFACTURERS’

FOR TOPICAL SERIES!

(Millions of dollars)

SHIPMENTS AND NEW ORDERS

Seasonally adjusted Not seasonally adjusted ?
Monthly Percent Change Monthly Percent Year to date
Industry change
Jan.| Dec. | Nov. | Dec.- | Nov] Oct-] Jan] Dec. | Nov. Jan. | Jan.
1994°|  1993'| 1993] Jan. | Dec.] Nov.} 19947} 1993] 1993} 1993] 94/93] 1994" | 1993
SHIPMENTS
All manufacturing industries 269,343] 269,722] 265,574} -0.1]  +1.6] — +2.0} 242,309] 262,967] 266,399] 226,781]  +6.8] 242,309] 226,781
Market categories
Automotive equipment 13,804} 13,519] 12,911] +2.1) 44.7] +3.4) 12,537) 11,521] 13,163] 10,499} +19.4) 12,537] 10,499
Home goods and apparel 18,096] 17,967] 18,139] +0.7]  -0.9} +02} 15,788] 15,339] 19,283] 14,990] +5.3)_‘15,788] 14,990
Consumer staples 57,966] $7,752] 56,733] +0.4] +1.8|  -0.3] 53,139] 57,729] 57,370) 52,191] +1.8] $3,139) $2,191
Machinery and equipment . . 47,015] 48,700] 46,678] -3.5] +43) +4.5] 40,395] 52.955] 46,293) 36,094] +119] 40,395] 36,094
Business supplies 19,641] 19,525] 19,481] +0.6] +02) +0.1) 18,145] 18,880] 19,929] 17,834) +1.7] 18,145] 17,834
Construction materials
and supplies 17,487] 17,669] 17,424) 1.0] +1.4] $3.6 15,044] 15,842) 17,00] 13,538] 411.1] 15,044] 13,538
Defense products 7,645| 6,935] 7,400) +10.21 6.3) -6.6 6.277] 8,261] 7,683] 6,285] -0.1] 6.277] 6,285
Other materials, supplies and
and intermediate products 87,689] 87,655] 86,808} 0.0] +1.0/ +3.2) 80,984] 82,440] 85,673] 75,350] +75] 80,984] 75,350
Durable goods industries :
‘Nondefense capital goods ° . . 35,192] 36,946] 35,327] -4.7| +4.6 +4.8] 29,288] 43,100] 34,560] 26,251] +11.6] 29,288] 26,251
Excluding aircraft and parts 29,734] 31,289] 30,571] -5.0} +23] +6.6 25,072) 35,927] 30,000] 21,926] +14.3] 25,072] 21,926
Defense capital goods * 7,285} 6,514] 7,023] +118) -7.2]  -7.6| 5,847} 8,091] 7,421] 5,987] -2.3) 5,847] 5,987
Durables excluding capital goods . | 102,809] 102,722] 100,315] +0.1] +2.4] +3.6] 93,080] 93,733] 100,752] 82,034) +13.5] 93,080] 82,034
Miscellaneous series :
Producers’ durable equipment 93,478) 94,637] 91,717] -1.2) +321 +4.0) 82,487) 95,169] 92,053] 72,730} +13.4) 82,487] 72,730
Household durable goods 7,729] 7,775] 7,711] -0.6] +0.8) +2.2) 6,650] 7,156] 8,243] 6,196] +73] 6,650] 6,196
Information technology industries 16,275] 17,154] 16,441) -S.1) +4.31  +3.7} 13,342] 21,299] 16,422] 11,610] +14.9] 13,342] 11,610
Health care equipment
and products 8,338 8,769] 8,562] -4.9} +24) +23] 8,031] 9,034] 8,353) 7,784] +3.2] 8,031] 7,784
NEW ORDERS
All manufacturing industries 271,995] 266,351] 262,773] +2.1] +14]  +1.7] 249,511] 260,358] 262,656] 231,208 +7.9| 249,511} 231,208
Market categories
Automotive equipment . . 13,816] 13,598) 12,971] +1.6)  +4.8] 43.4] 12,595] 11,574] 13,210] 10,567] +19.2] 12,595] 10,567
Home goods and apparel 17,927] 18,134] 18,204] -L.1] -0.4,  +2.3] 16,500] 15,062] 18,514] 16,084] +2.6) 16,500] 16,084
Consumer staples . $7,943} 57,769] $6,739] +0.3]  +1.8| -0.2| 53,086] 57,806] 57,347] 52,164] +1.8] 53,086] 52,164
Machinery and equipment . 48,655] 46,457] 46,283} +4.7] +0.4| +4.6] 42,934] 50,548] 46,024] 34,099] +25.9] 42,934] 34,099
Business supplies : 19,573] 19,514] 19,429] +03] +04] -0.5] 18,086] 18,954] 19,794] 17,888] +1.1] 18,086] 17,888
Construction materials
and supplies . 17,498] 17,503] 17,473] 0.0] +02) +5.0] 15,162] 15,738] 16,853] 13,837] +9.6) 15,162] 13,837
Defense products ....... 7,550) 5,476] 5,401] +379) +14] 6.3] 6,540] 8,079] 6,322] 7,606] -14.0] 6,540] 7,606
Other materials, supplies and
and intermediate products 89,033] 87,900] 86,273} +1.3| +1.9) +1.6 84,608] 82,597] 84,592] 78,963] +7.1] 84,608] 78,963
Durable goods industries
Nondefense capital goods * . 36,985] 35,059] 34,878] +5.5]  +0.5| +63] 32,077] 41,014] 34,382) 23,971] 433.8] 32,077) 23,971
Excluding aircraft and parts 30,533] 32,867] 31,104] -7.1] +5.7| +3.7| 26,867] 37,307] 30,804) 23,075] +164] 26,867] 23,075
Defense capital goods * . . 6,745] $,239] 5,172] +28.7)  +1.3] -2.5] 5,800] 7,951] 6,048] 7,485] -22.5] 5,800) 7,485
Durables excluding capital goods . | 103,955] 102,183] 99,625] +1.7| +2.6 +1.2| 97,084] 93,130] 99,007] 86,762] +119] 97,084] 86,762
Miscellaneous series
Producers’ durable equipment 95,361] 92,531] 91,814] 43.1] +08] +3.5| 86,581] 92,472] 91,602] 72,786] +19.0] 86,581] 72,786
Household durable goods ..... . 7,530] 7,875] 7,756) -4.4) +15) +21] 7,183] 6,948] 7,840) 6,937] 43.5 7,183 6,937
Information technology industries 16,222] 16,952] 17,264) -4.3) -1.8) $5.9} 13,350] 20,586) 17,351] 11,455] +165] 13,350] 11,455
Health care equipment
and products ..... 8,526] 8,451] 8,437] +09] +02) -1.5] 8,218] 8,714] 8,227] 8,055] +2.0] 8,218] 8,055

” Preliminary. ‘ Revised.

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

+ Nondefense capital goods industries include : ordnance and accessories; steam, gas and hydraulic turbines; internal combustion engines; construction, mining, and material
handling equipment; metalworking machinery; special industry machinery: general industrial machinery; computer and office equipment; refrigeration, heating and service
industry machinery; electrical transmission and distribution equipment; electrical industrial apparatus; communications equipment; aircraft, missiles, space vehicles, and engines

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

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

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


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

Inventory / Shipments ratio Unfilled Orders / Shipments ratio!
Industry Jan. Dec. Nov. Oct. Jan. Dec. Nov. Oct.
194° 1993" 1993 1993 1994? 1993" 1993 1993
All manufacturing industries... Lal 140 143 1.46 3.08 3.04 3.12 3.21
Durable goods industries .......... 1.64 1.62 1.67 12 3.70 3.65 3.75 3.89
Stone, clay, and glass products. || | 120 117 121 126 124 121 124 1.28
Primary metals... ..... . 165 161 163 170 193 186 189 197
Fabricated metal products 22) | 1:52 156 158 161 143 148 Vs1 158
Industrial machinery and equipment "| 185 176 179 1.88 227 214 218 226
Electronic and other
electrical equipment ....... 1.63 1.60 165 1.69 220 245 222 232
Transportation equipment «2.22. | 157 161 172 173 11.02 1127 11.69 11.66
Instruments and related products | 2104 2.00 2.02 zn 468 461 47 493
Nondurable goods industries ........ 1.13 1g 116 117 0.74 0.72 0.72 0.71
Food and kindred products : : 085 084 085 086 ) (x) &) x)
Tobacco products ............-- 13 2.42 2.86 2.16 x) (x) &)
Textile mill products <2 221. 164 161 161 159 (NA) (NA) (NA) (NA)
Paper and allied products foe 1.26 1.26 125 127 (NA) (NA) (NA) (NA)
Chemicals and allied products: : 128 128 129 134 (x) x) x) poke)
Petroleum and coal products 0.90 090 0.93 091 (x) x) re &)
Rubber and plastics products |: : 138 136 137 140 &) &) « &)

° 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
Jan. Jan. Jan. Jan.
Jan? | 1993- Jan? | 1993- Jan? | 1993- Jan? | 1993-
Jan | 1989- | Dec. | Jan.' | 1989-| Dec. | Jan.' | 1989-] Dec. | Jan. | 1989- | Dec.
1994 | 1993 | 1993] 1994} 1993] 1993] 1994] 1993 | 1993 | 1994] 1993] 1993,
All manufacturing industries . . . . (x) 03 02 Oa 0s 02 oa) 02 O1 ) 01 oO.
Durable goods industries ........ -0.2 03 03 0.0 07 03 01 0.2 0.1 (xX) 0.1 01
Stone, clay, and glass products . (%) 06 05 (x) 09 12 &) 04 07 &) 01 01
Primary metals... . : : 04 04 03 0.6 14 10 03 05 03 (x) 02 1
Fabricated metal products : &) 06 03 (xX) 05 04 ) 01 04 &) 04 03
Industrial machinery and equipment a 08 06 03 1.0 06 04 02 01 (x) ol 01

Electronic and other

.,clectrical equipment. . : 03 05 03 03 1.0 05 0.1 03 02 & 0.1 0.1
Transportation equipment . . . . . 03 03 06 Ol 18 09 01 03 0.1 &) Ot 0.0
Instruments and related products . . (% 08 04 0) 16 16 &) 03 03 & 04 02
Nondurable goods industries... . () 03 02 « 03 01 ea) 04 03 fe) 01 0.1
Food and kindred products... . . & 03 01 8 ea) (x) (x) (x) (X) (x) 02 01
Tobacco products .............-[ (XY 01 02 X ® & &) « (x) (x) 0.0 On
Textile mill products ..... . (x) 14 02 (xX) (NA) (NA) (xX) (NA) (NA) (X) 0.2 0.1
Paper and allied products... 22... (x) 03 03 & | Nay] (NA) (&%) | NA) | (NAD &) 02 01
Chemicals and allied products : (x) 02 02 & ) &) & (X) & (x) Ol 02
Petroleum and coal products... .. . (x) 02 04 () &) &) &) &) &) &) Ol 03
Rubber and plastics products - (x) 06 03 (x) (x) &) () &) (x) &) 02 02

Capital goods industries :
Nondefense . . ee - -09 09 05 04 1s 08 Ol 03 01 (X) 0.1 OF
Defense ve sees 12 16 06 34 3.0 27 0.0 01 02 &) 02 O14

(X) Not applicable, (NA) Not available

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

"The current month revisions are the difference between the advance percent change and the percent change as shown in this publication.
? Average for this month for the last five years.
See note at end of table 2 relating to survey variability.


CURRENT INDUSIRIAL REPURIS

Manufacturers’ Shipments,
Inventories, and Orders

EN

4

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

January 1994
M3-1-(94)-01
For Wire Transmissions 10:00 a.m. E.S.T. March 3, 1994

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

Summary

New orders for manufactured goods in January increased
$5.6 billion or 2.1 percent to $272.0 billion, the Department
of Commerce, Bureau of the Census reported today. This
follows a 1.4 percent December increase and is the sixth
monthly increase in a row, the longest string of consecutive
monthly increases since September 1987 to June 1988. Both
durables and nondurables increased.

Shipments decreased $0.4 billion or 0.1 percent to
$269.3 billion, following a 1.6 percent increase in December.
This is the first decline since July. A decline in durables more
than offset an increase in nondurables.

Unfilled orders increased $2.7 billion or 0.6 percent to
$444.6 billion, the first increase since February 1 93. The
unfilled orders-to-shipments ratio increased from 3.04 in
December to 3.08 in January, the first increase since July.

Inventories increased $1.3 billion or 0.3 percent to
$378.7 billion, the first increase since July. An increase in
durables more than offset a decline in nondurables. The
inventories-to-shipments ratio increased from 1.40 in
December to 1.41 in January, the first increase since July.

New Orders

New orders for durable goods in january increased $5.2
billion or 3.7 percent to $147.7 billion, following a 2.0
percent increase in December. This is the sixth monthly
increase in a row, the longest string of consecutive monthly
increases since February to July 1987.

Transportation equipment, up for the fourth consecutive
month, had the largest increase, up $5.0 billion or 14.0
percent to $40.7 billion, due to aircraft and parts. Excluding
transportation equipment, new orders increased $0.2 billion or
0.2 percent. Electronic and other electrical equipment
increased $1.4 billion or 6.8 percent to $22.1 billion, with
increases in all industry categories except communications

uipment. Industrial machinery and equipment decreased
$0.8 billion or 2.9 percent to $26.0 billion, the first decline
since June.

New orders for nondurable goods increased $0.4 billion
or 0.4 percent to $124.3 billion, as an increase in tobacco
products more than offset a decline in food and kindred
products. This follows a 0.6 percent increase in December
and is the fourth increase in the last five months.

Shipments

Shipments of durable goods in January decreased $0.9
billion or 0.6 percent to $145.3 billion, the first decrease since
July. All major groups decreased except transportation
equipment and fabricated metal products. Industrial machinery
and equipment had the largest decrease, down $1.1 billion or
4.0 percent to $25.2 billion, with decreases in nearly all

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

industry categories. Instruments and related products
decreased $0.3 billion or 2.8 percent to $10.7 billion.
Transportation equipment, up for the sixth consecutive month,
had the largest increase, up $1.0 billion or 2.5 percent to
$39.3 billion, due to motor vehicles and parts and aircraft and

arts. Excluding transportation equipment, shipments declined
9 billion or 1.7 percent.

Shipments of nondurable goods increased $0.5 billion or
0.4 percent to $124. 1 billion, following a 0.5 percent increase
in December. This is the fourth increase in the last five
months. The largest increase was in tobacco products, up
$0.9 billion or 32.5 percent to $3.5 billion. Food and kindred
products had the largest decline, down $0.5 billion or 1.3
percent to $35.2 billion.

Unfilled Orders

Unfilled orders for durable goods in January increased
$2.4 billion or 0.6 percent to $422.7 billion, the first increase
since February 1993. Transportation equipment, up for the
first time since April 1992, had the largest increase, up $1.4
billion or 0.7 percent to $214.8 billion, due to aircraft and

arts. Electronic and other electrical equipment increased
Sa billion or 2.4 percent to $46.3 billion, primarily due to
electronic components. Industrial machinery and equipment,
up for the seventh consecutive month, increased $0.8 billion
or 1.5 percent to $54.0 billion. Instruments and related
products, down for the ninth consecutive month, had the
largest decrease, down $0.7 billion or 1.4 percent to $50.2
billion, due to search and navigation equipment. Unfilled
orders for nondurable goods increased $0.3 billion or 1.2
percent to $21.9 billion, the third monthly increase in a row.

Inventories

Inventories for durable goods in January increased $1.6
billion or 0.7 percent to $237.9 billion, following a 0.7
percent decline in December. Electronic and other electrical
equipment, up six of the last seven months, had the largest
increase, up $0.6 billion or 1.8 percent to $34.2 billion.
Industrial machinery and equipment increased $0.5 billion or
1.1 percent to $46.7 billion, the tenth consecutive monthly
increase. Fabricated metal products had the largest decrease,
down $0.2 billion or 1.0 percent to $22.8 billion. Nondurable

oods inventories decreased $0.3 billion or 0.2 percent to

$140.8 billion, primarily due to tobacco products. This is the
fifth consecutive monthly decline and the seventh in the last
eight months.

By stage of fabrication, finished goods increased 2.4
percent in durables and was unchanged in nondurables. Work
In process increased 0.4 percent in durables and 0.6 percent
in nondurables. Materials and supplies decreased 0.4 percent
in durables and 0.9 percent in nondurables.

(SEE BACK PAGE FOR 1994 RELEASE DATES)

‘The advance report on durable goods for February is scheduled for March 23, 19!

sale by the Superintendent of Documents, U.S. Government Printing

194 at 8:30 a.m. and the full report on March 30, 1994 at 10:00 a.m. For
Office, Washington, DC 20402. This bso is also available the day of issue through
the De ent of Commerce’s online Economic Bulletin Board (N-8-1) (202-482-3870) and through the C

‘ensus 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 (301-763-2074) can provide content information and general guidance.


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

Official Business
Penalty for Private Use, $300

POSTAGE ANO FEES PAID
U.S DEPARTMENT OF COMMERCE

COM-202

First Class Mail

PUBLICATION DATES FOR THE 1994 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 1993 Thur., Jan. 27 Thurs., Feb. 3
January 1994 Thur., Feb. 24 Thurs., Mar. 3
February 1994 Wed., Mar. 23 Wed., Mar. 30
March 1994 Wed., Apr. 27 Wed., May 4
April 1994 Wed., May 25 Thurs., June 2
May 1994 Thur., June 23 Thur., June 30
June 1994 Wed., July 27 Wed., Aug. 3
July 1994 Wed., Aug. 24 Wed., Aug. 31
August 1994 Wed., Sept. 28 Wed., Oct. 5
September 1994 Wed., Oct. 26 Wed., Nov. 2
October 1994 Wed., Nov. 23 Fri., Dec. 2
November 1994 Fri., Dec. 23 Thur., Jan 5, 1995

The Manufacturers’ Shipments, Inventories, and Orders press
release can be faxed to you on the day of issue at a cost of $120
per year. The fee is to cover the subscription service, wire
transmission, and administrative costs. If you wish to subscribe
to this service, or would like more information, please call
Sandy Sollinger at (301) 763-2604.



Nondefense Capital Goods 1

New Orders and Shipments

Three Month Moving Averages
Billions of Dollars

New Orders

38F- ----- 7-2-7 eee ee eee ------------- Shipments |—1 38

Jan Mar May Jul Sep Nov Jan Mar May Jul Sep Nov’ Jan
Jan. 1992 - Jan. 1994

Defense Capital Goods
New Orders and Shipments

Three Month Moving Averages
Billions of Dollars
11

New Orders
10

Shipments

Jan Mar May Jul Sep Nov Jan Mar May Jul Sep Nov Jan
Jan. 1992 - Jan. 1994

Note: All Charts based on seasonally

adjusted current dollars.


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

(Millions of dollars)

Seasonally adjusted

Not seasonally adjusted

Industry Monthly Percent Change Monthly Percent
change
Jan. Dec. Nov. | Dec- | Nov- | Oct- Jan. Dec. Nov. Jan, | Jan.
1994" | 1993" 1993 | Jan. | Dec. | Nov. | 1994? | 1993" 1993 1993 | 94/93
MATERIALS AND SUPPLIES
All manufacturing industries 119,578 | 120,300 | 121,033 | -06 | -0.6 | +0.2 | 120,875 | 121,135 | 121,103 | 121,497
Durable goods industries 68,157 | 68,434 | 68,670 | -0.4 +02 | 68,804 | 68,607 | 68,916 | 68,358
Stone, cay, and plas products 2/543 513} 2515 | +12 +0.1 | 2570 | 2:540 | 2'508 | 2,485
Primary metals. : 53827 | 51964 | 53942 | -23 +06 | 5917 | 6246 | 6.040 | 6374
Fabricated metal products 7736 | 808s | 7:852 | -43 423] 73811 | 8260] 7,788 | 7,952
Industrial machinery and equipment 14,296 14,247 14,487 +0.3 +10 14,546 14,051 14,504 14,306
Electronic and other
electrical equipment 10,802 | 10,513 | 10,648 | +2.7 -0.1 | 10,862 | 10,430 ] 10,623 | 10,308
Transportation equipment . 11,013 11,208 11,341 “17 2.1 10,971 11,132 11,398 11,910
Instruments and related products 6715 | 6.783 | 6719 | -1.0 01 | 6.713 | 61639 | 6,662 | 6.953
Lumber, furniture and
miscellaneous durable goods 9225 | 9121 | 9166 | +1 +05 | 9414 | 9,309 | 9,393 | 8,070
Nondurable goods industries 51,421 | 51,866 | 52,363 | -0.9 +02 | 52,071 | 52,528 | 52,187 | 53,139
Food and Kindred products 9,965 | 10,064 | 9/967 | -1.0 -0.2 | 10,227 | 10,289 | 10:200 | 10,483
Tobacco products S104] 5.214] 5350] -2 0.1 487 | 5,545 | 5,263 | 5.630
Textile mill products 2.653 | 2671 | 2,686 |  -0.7 +08 | 2660] 2619 | 2574] 25621
Paper and allied products | | | 6585 | 6712 | 6,760 | -19 03 | 6,664 | 6,775 | 6696 | 6,758
Chemicals and allied products” 11260 | 11285 | 11400 |  -02 +13] 11301 | 11287 | 11338 | 11711
Petroleum and coal products 2842 | 2878 | 301s | 13 12 | 2:36 | 2914. | 37075 | 33175
Rubber and plastics products : 4470 | 4392 | 4,433 | +18 +13 | 4'506 | 41534 | 4469 | 4/383
Apparel, printing and publishing
and leather goods 3542] 8650] 8,752] -1.2 04] 8490 | 8,565] 8,572] 8,385
WORK IN PROCESS
All manufacturing industries 129,258 | 128,705 | 129,596 | +04] -0.7 | -0.6 | 127,650 | 124,856 | 130,560 | 127,741 0.1
Durable goods industries... .. 105,763 } 105,358 | 106,119 | +04] -0.7 | -0.8 | 104,190 | 102,121 | 106,892 | 104,883 0.7
Stone, clay, and glass Products Voss | 1026 | ros} 428] 21} 22] 1031 969 988 | 1.120 “79
Primary metals *.. 2... 7345 | 7.273 | 7311] +o} -05 | -22] 7276] 7,116] 7233 | 7080} +28
Fabricated metal products 7454 | 7,421 | 75502 | 404} -11 | 31 | 7466 | 7162 | 77471 | 7714 “32
Industrial machinery and equipment | 18,663 | 18,533 | 18,436 | +07] +05} -16] 18203 | 17/833 | 19[067 ] 16926 |  +7's
Electronic and other
electrical equipment 14,176 | 13,990 | 14,080] +13] -06] +02 | 14,043 | 13,485 | 14,018] 13,168 | +66
Transportation equipmer 43,041 | 42928 | 43.487 | +03 | +13 0.0 | 42,487 | 41/818 | 43/924 | 44'966 “35
Instruments and related products | 9.210 | 9372 | 9518] -L7] -AS | -20] 8921 | 9033 | 9570 | 9°55 85
Lumber, furniture and
miscellaneous durable goods 4819] 4815 | 4,737) +01} +16] +11 | 4,763 | 4,703 | 4621] 4asa | 414.7
Nondurable goods industries 23,495 | 23,347 | 23,477 | +06] 06] +02 | 23,460 | 22,735 | 23,668 | 22,858] +26
Food and kindred products 4.165 | “4/080 s045 | 421] 409] +10] “4366 | “4.289 | “4370 | “3’s8a | +124
Tobacco products. sees 165 163 180 +12 94 +78 180 162 266 175 42.9
Textile mill products. ° |: 2,644 | 2,606 | 2,564] 415] +16] +19] 2616] 2,493] 2,529] 2388] +955
Paper and allied products 162 | 1182 | 178 | 7 | 403 | 09 | L163 | 169 | 4g | 12227 “52
Chemicals and allied products 5954 | 5,794] 5.743. | 41] +409] 06] s'541 | 5633 | 51723 | 5'502 -0.9
Petroleum and coal products 2248 | 2,063 | 2288] +90} -98 | 45] 2155] L941 | 2313 | 2610] -174
Rubber and plastics products 1785 | 1,787 | 1,767 | -O1 | +1 | +04] 1/826 | 1.777 | 808 | 1670 | +93
Apparel. printing and publishing
and leather goods 5,772 | 5672 | 5,712] +18] -07] +15] 5613] sa] ssi] 5304] +58
FINISHED GOODS
All manufacturing industries 129,877 | 128,420 | 129,552 | +11] -0.9 | +03 | 128,979 | 124,428 | 128,916 | 128,703
Durable goods industries 63,996 62,511 63,097 424 0.9 +15 63,316 60,125 62,565 61,634
Stone, clay, and glass products 3,983 | 3,954. | 3.955 | 40.7 00] -13 | 31990 | 37842] 3'844 | 43180
Primary metals. : 6345 | 6,205 | 6024} +423] +30] +13] 6310] 6070] 5973}  sige2
Fabricated metal products 7,638 | 7,560 | 7,691 | +10] -17] -03 | 7,482 | 7205] 7460 | 7456
Industrial machinery and equipment | 13,719 | 13,378 | 13,082 | 425] +23 | 423 | 13'849 | 13%060 | 13'071 | 13'649
Electronic and other
electrical equipment 9,256 | 9,122 | 9095] +15] +03] 432] 8918] 8646] 8882] 7,754
Transportation equipment - 7,806 | 7,452] 38350] +48] -108| +52] 7776] 7103 | 8760 | 8.651
Instruments and related products 6006 | 5,960] 6,080] +08] 20] -14] S04} 5730] 6132 | 5789
Lumber, furniture and
miscellaneous durable goods 9243 | 8,880] 8820] +41} 40.7] +01] 9,197] 8460] 8443] 8,273
Nondurable goods industries... . . 65,881 | 65,909 | 66,455 00} 08 | -08 | 65,663 | 64,303 | 66,351 | 67,069
Food and kindred products 15,970 | 15,915 | 15,925 | +403]  -0.1 0.0 | 16007 | 15,873 | 16,807 | 16,071
Tobacco products . a 762 988 | 1,081 | 229] -86] +16 762 80 1029 | 1,305
Textile mill products |: | 4345 | 4,193 | 4150] 436] +10] 417] 4316] 3,872 | 4019 | 4/067
Paper and allied products. - 5,590 | 5593 | 5582 | -0.1} +02] -06 | sis | 51422 | si4a7g | 5'553
Chemicals and allied products 17,273 | 17,168 | 17,370 | +06] -12 | -1.7 | 17474 | 17171 | 173345 | 181046
Petroleum and coal products 4,800 4,934 5,103 2.7 33 -19 4,693 775 5,269 499
Rubber and plastics products _- 6.034 | 6,034 | 6,031 0.0 00} 0.7] 6119} 5928} 57891 | 5/905
Apparel printing and publishing”
and leather goods... . . 11,107 | 11,084 } 11,213. | +02 { -12 | -12 | 10,674 | 10,456 | 10,513 | 10,619

® 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
Jan Dec. Nov.} Dec] Nov.-| Oct. Jan. Dec. Nov. Jan. Jan.
194° 1993° 1993 Jan. Dec.} Nov. 1994? 1993" 1993 1993] 94/93
All manufacturing industries 444,599] 441,947] 445,319] +06 08 -0.6] 445,560] 438,358} 440,967] 476,613 65
Manufacturing industries
without defense capital goods 328,705 | 325,513] 327,610} +10 -0.6 -03} 328,469] 321,220] 323,689] 345,335 49
Durable goods industries 422,687] 420,288] 423,990] +06 09 -0.7] 424,373] 417,627] 420,456] 454,071 65
Stone, clay, and glass products 7,326 7,236 7194] +12] +06 -0.1 6,890 6,819 6,936 6415] +74
Primary metals sane 22,748] 22,421} 22308] +15] 40.1 0.0} 22,831] 21,548] 21,031] 22,504] +15
Blast furnaces, steel mills . . 10,312] 10,249} 10,396] +06 -14] +03} 10,322 9,712 9,667 9731) +61
Iron and steel foundries 3,142 3,095 3,097} +15 01} +10 3,243 3,043 3,075 3021] +73
Nonferrous and other primary
metals tees 9,294] 9,077 8905} 424] +19 08 9,266 8,793 8,289 9,752 -5.0
Fabricated metal products ....... 19,812] 20,105] 20,245 -15 -0.7 -25| 20,070] 20,046] 19,834] 23,139] -13.3
Industrial machinery and equipment 53,968] 53,166] 52,631] +15] +1.0] +19] 54,806] 52,978} 52,540] 51,168] $7.1
Engines and turbines ........ 9,869 9,841] 10,007} +03 “17 -17] 10,136] 10,139] 10,327) 10,018} +12
Construction, mining and
material handling equipment 5,782 5,816 5,814 0.6 0.0 40.3 5,932 5,791 5,728 5,828 +18
Metalworking machinery 7,894 7,335 6,944 +76 +5.6 +17 7,894 7,335 6,944 7,177]  +10.0
Computer and office equipment 7,660 7,564 7,639) +13 -10] +104 TAS 7,251 7,844 7123} 44.1
Electronic and other
electrical equipment 46,280 45,184 45,520 +24 0.7 -12 46,455 44,438 45,296 43,843 +6.0
Electrical transmission and
distribution equipment and
industrial apparatus . . . 5,978 5,804 5,865] +3.0 -1.0 0.2 5,987 5,770 5,857 5,774) +3.7
Electric lighting and
wiring equipment 3,290 3,237 3270 +16 10] 43.5 3,290 3,237] 3,270 3,058] +7.6
Communications equipment 14,851] 15,035] 15,057 -12 0.1] +02] 14,848} 15,032} 15,133] 13,339] #113
Electronic components . 16,398] 15,503] 15,816] +58 -2.0 55] 16,578] 15,104] 15,484] 16,824 o15
Transportation equipment . 214,802] 213392] 216,000] — +0.7 12 -1.1] 215,625] 213,476] 215,744] 243,366] -11.4
Aircraft, missiles,
space vehicles, and parts. 185,480] 183,834] 187,424] +09 -19 -0.8] 186,248] 184,025] 187,255] 213,589] -12.8
Shipbuilding and tanks ...... 19,142] 19,380] 19,894 +12 2.6 39] 19,063] 19,296] 19,894] 22,187] -14.1
Instruments and related products . . 50,209 50,908 52,113 -14 23 “Ll 50,614 51,394 $1,725 56,422 10.3
Search and navigation equipment 32,812] 33,774] 34,583 28 23 -19] 33,244] 34,290] 34,245 37,717 119
Measuring and controlling devices 8,886 8,832 8,882] — +0.6 0.6] +19] 8,886 8,832 8,882 9,244 3.9
Medical instruments and supplies 7,644 7,456 1,774 42.5 41 -16 7,644 7,456 1,774 8,694 12.1
All other durable goods 7,542 1,876 7,889 42 02) +04 7,082] 6,928 7,350 7.214 -18
Nondurable goods industries 21,912] 21,659] 21,329) 41.2] +15} 40.9] 21,187] 20,731] 20,511] ~— 22,542 -6.0

? Preliminary. ‘ Revised.

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


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

Seasonally adjusted Not seasonally adjusted
Monthly Percent Change Monthly Percent Year to date
Industry change
Jan. Dec. Nov. | Dec.- | Nov.-}] Oct. Jan. Dec. Nov. Jan. Jan.
19947} 19937] 1993] Jan. | Dec.] Nov.] 19947] 1993'] 1993] 1993] 94/93 | 1994" | 1993
All manufacturing industries .. | 271,995] 266,351] 262,773} +2.1] +14] +1.7] 249,511] 260,358] 262,656] 231,208) +7.9] 249,511] 231,208
Manufacturing industries
with unfilled orders 146,783] 141,853] 139,977} +3.5} +1.3] +1.9] 135,239] 144,868] 140,393] 122,390} +10.5} 135,239} 122,390
without defense capital goods .... . | 265,250] 261,112] 257,601] +1.6] +14) +1.8) 243,711] 252,407] 256,608] 223,723] +8.9) 243,711] 223,723
Durable goods industries . «| 147,685] 142,481} 139,675] +3.7] +2.0]  +2.2) 134,961] 142,095] 139,437] 118,218] +14.2] 134,961] 118,218
With unfilled orders 116,737] 111,575] 109,965] +4.6} +1.5] +1.6] 107,091] 115,600] 110,202] 94,472] +13.4] 107,091] 94,472
Stone, clay, and glass products 6,389] 6,445] 6.214] -0.9] +3.7] +49] 5,379) 5,330] 5,954] 4,612] +166] 5,379) 4,612
Primary metals... .. 00.2... 12,122] 12,068] 11,844) +04) +19] 41.4) 12,484] 11,528] 11,554] 12,637 2) 12,484] 12,637
Blast furnaces, steel mills 5,394] 5,312] 5.461] +15] -2.7| 0.91 5,792 5,036] 5,217] 6,202 6} 5,792} 6,202
Iron and steel foundries ..... . 1,196] 1,144] 1154} +45] -0.9]  -1.8} 1,255] 905] 1,146] 1,44] 49.7] 1,255] 1,144
Nonferrous and other primary
metals . -_ 5,532| 5,612} 5,229] -1.4) +73] +4.6 5,437] 5,587] 5,191] 5,291) +2.8] 5,437] 5,291
Fabricated metal products... . . 14,765] 14,618} 14,090] +1.0]  +3.7| +1.5] 13,505] 14,152) 13,742] 12,691] +64] 13,505] 12,691
Industrial machinery and equipment . | 26,033] 26,820] 26,673] -2.9] +0.6] +6.6] 23,404] 29,486] 26,187] 20,233] +15.7] 23,404} 20,233
Engines and turbines... . . 1,616] 1,693} 1,525] 4.5] +11.0] +65] 1,317] 2,535) 1,570) 1,054] +25.0) 1,317] 1,054
Construction, mining and
material handling equipment ....] 2,658] 2,606] 2,576] +2.0] +1.) -2.3) 2,556] 2,485) 2,477) 2,341] +9.2) 2,556] 2,341
Metalworking machinery. . . 3,296} 3,068] 2,852) +74) +7.6 +203] 2,847] 3,3501 3,076] 2,047] +39.1] 2,847) 2,047
Computer and office equipment 6887} 7,003| 7,620] -1.7) -8.1) +12.2) 5,352] 9,172] 7,624] 4,454] +202] 5,352] 4,454
Electronic and other
electrical equipment ......... 22,120] 20,703] 19,919) +68] +39}  -7.4] 20,521] 21,181] 20,737] 17,178] +19.5} 20,521] 17,178
Electrical transmission and
distribution equipment and
industrial apparatus ........ . 2,700} 2,419] 2,504] 411.6] -3.4] +1.6/ 2,437] 2,389] 2,414) 2,263) +7.7) 2,437] 2,263
Electric lighting and
wiring equipment . . . . . -.-] 1,784] 1,609) 1,795] +109] -10.4) 44.7) 1,578) 1,680) 1,912) 1,511] 444) 1,578) 1,511
Communications equipment . . 4,180] 4,777] 4344] -12.5] +100] -1.9] 3,402] 5,994) 4,350] 2,809] +21.1] 3,402] 2,809
Electronic components see 8,356] 7,078] 6,181] +181] +145] -20.9] 8,383] 6,829] 6,379] 6,650] +26.1] 8,383] 6,650
Transportation equipment . . . . . . 40,715] 35,727] 34,449] +14.0]  +3.7] +5.1) 36,778] 34,582) 35,253] 27,747] +32.5] 36,778] 27,747
Aircraft, missiles,
space vehicles, and parts 11,171] 5,489] 6,925] +103.5] -20.7] +23.6] 9,678 8,255] 7,392] 3,968] +143.9] 9,678] 3,968
Shipbuilding and tanks see 697 428 250) +629] +712) -64.0 491 586) 212) 1,759] -72.1 491} 1,759
Instruments and related products 10,038] 9,838] 10,474) +2.0] 6.1) -1.1] 8,733] 11,581] 10,649] 10,150] -14.0 8,733} 10,150
Search and navigation equipment 1,623) 1,641] 1,988} 1.1] -17.5] -9.3) 1,081] 2,973) 2,237] 2,819] -61.7 1,081} 2,819
Measuring and controlling devices 3,084] 3,153} 3,226} -2.2] -2.3]  +6.0] 2,893) 3,236) 3,160) 2,619] +10.5 2,893 2,619

Medical instruments and supplies 3,112] 2,870] 2,961) +84] -3.1]  -6.5] 2,913] 3,024) 2,889} 2,972} -2.0 2,913] 2,972
All other durable goods . 15,503] 16,262] 16,012) -4.7] +1.6]  +5.0] 14,157] 14,255] 15,361] 12,970] +9.2] 14,157} 12,970

Nondurable goods industries

124,310] 123,870} 123,098] +0.4) +0.6) +1.2} 114,550) 118,263} 123,219] 112,990} +14] 114,550] 112,990
With unfilled orders . . .

30,046] 30,278} 30,012] -0.8} +0.9) +2.9] 28,148] 29,268] 30,191] 27,918 +08 28,148] 27,918

? 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’ SHIPMENTS FOR INDUSTRY GROUPS
(Millions of dollars)

Seasonally adjusted Not seasonally adjusted’
Monthly Percent Change Monthly Percent Year to date
Industry change
Jan.} Dec. Nov. | Dec.-} Nov] Oct-| Jan] Dec.] Nov.| Jan.} Jan.
1994P] 1993"} 1993] Jan. | Dec.] Nov.} 1994°} 1993'] 1993] 1993] 94/93] 1994" | 1993
All manufacturing industries . . 269,343] 269,722| 265,574) -0.1]  +1.6]  +2.0} 242,309] 262,967] 266,399] 226,781] +6.8] 242,309] 226,781
Manufacturing Industries
with unfilled orders . . ++] 144,131] 145,224] 142,778 1.7] +23} 128,037] 147,477] 144,136] 117,963] +85] 128,037] 117,963
without defense capital goods | 262,058] 263,208] 258,551 1.8] +2.2} 236,462) 254,876] 258,978] 220,794] +7.1] 236,462] 220,794
Durable goods industries 145,286] 146,182] 142,665] -0.6] +2.5]  +3.3] 128,215] 144,924] 142,733] 114,272] +12.2] 128,215] 114,272
With unfilled orders 114,338] 115,276] 112,955] -0.8]  +2.1)  +2.9] 100,345] 118,429] 113,498] 90,526] +10.8] 100,345] 90,526
Stone, clay, and glass products . 6,299) 6,403) 6,222| -1.6) +2.9] +3.) 5,308] 5,447] 6,247] 4,589] 415.7] 5,308] 4,589
Primary metals : 11,795] 12,045] 11,851 +16) +44) 11,201] 11,011} 11,639] 10,809} +3.6) 11,201] 10,809
Blast furnaces, steel mills 5331] 5,459] 5,429) +06, +2.2) 5,182) 4,991] 5,283] 4,893] +5.9] 5,182] 4,893
Iron and steel foundries 1,149} 1,146] 1,124] +2.0| +3.0) 1,055 937] 1,120] 953) -+#10.7) 1,055 953
Nonferrous and other primary
metals . _ 5,315] 5,440] 5,298} -2.3) +2.7] +7.0] 4,964] 5,083] 5,236] 4,963 0.0] 4,964] 4,963
Fabricated metal products 15,058] 14,758) 14,615] +2.0] +1.0] +2.0} 13,481] 13,940] 14,513) 12,313] +95] 13,481] 12,313
Industrial machinery and equipment - | 25,231] 26,285] 25,685) -4.0] +2.3}  +5.5] 21,576] 29,048] 24,970] 19,184] +12.5] 21,576} 19,184
Engines and turbines 1,588] 1,859] 1,695] -14.6] +9.7] +14.) 1,320] 2,723) 1,650} 1,092) +209] 1,320] _—‘1,092
Farm and garden machinery 1,488) 1,491] 1,523) 0.2) -2.1] +47] 1,417] 1,321] 1,279] 1.297] +93) 417] 1,297
Construction, mining and
material handling equipment 2,692] 2,604) 2,560] +34) +1.7] +04} 2,415] 2,422] 2,448] 2,112] 414.3] 2,415] 2,112
Metalworking machinery 2,737) 2,677} 2,736 +2.) -2.21 +6.7| 2,288] 2,968] 2,960} 2,203) +3.9) 2,288} 2,203
Computer and office equipment 6,791 7,078} 6,902} -4.1] +25] +34) 5,188] 9,765] 6,793} 4,452] +16.5 5,188 4,452
Electronic and other
electrical equipment 21,024} 21,039] 20,474) -0.1] +2.8| +3.0] 18,504] 22,039] 21,213] 15,422) +20.0] 18,504] 15,422
Electrical transmission and
distribution equipment and
industrial apparatus ........... 2,526] 2,480] 2,514) +19] -14) 43.2) 2,220f  2,476f 2,411] 2,041] +8.8] 2,220] 2,041
Household appliances 1,662) 1,657] 1,715] +03] -3.41 +12) 1,433] 1,540] 1,694) 1,295] +10.7) 1,433] 1,295
Electric lighting and
wiring equipment 1,731] 1,642] 1,684] +5.4)  -2.5]  -0.5] 1,525] 1,713] 1,801] 1,433] +64) 1,525] 1,433
Household audio and
video equipment . . . 987 948 946] 44.1) +02) -4.8) 811 893] 1,205] 752] +78 811 752
Communications equipment 4364) 4,799} 4,316] -9.1] +11.2| +5.3] 3,586] 6,095] 4,321] 2,892] +24.0] 3,586] 2,892
Electronic components . . 7,461] 7,391} 7,101] +0.9) +41] +481 6,909] 7,209] 7,163} 5,508] +25.4] 6,909] 5,508
Transportation equipment 39,303] 38,334] 36,785] +25] +42 +1.3) 34,629} 36,850] 37,118] 30,227] +14.6] 34,629] 30,227
Motor vehicles and parts . . 27,342] 26,618] 25,466] +2.7) +4.5]  +4.2| 25,087] 22,696] 26,016] 20,722) +21.1) 25,087] 20,722
Aircraft, missiles,
space vehicles, and parts 9,525] 9,078] 8,466] +4.9] +72] 9.4] 7,455} 11,485] 8,400] 7,555] 1.3] 7,455] 7,955
Shipbuilding and tanks .. . 935 942] 1,048} -0.7) -10.1] +3. 724) 1,184) 1,031 786, -7.9 724 786
Instruments and related products 10,737] 11,043[ 11,052] 0.1] +33] 9,513) 11,912] 11,319] 9,315] 42.1] 9,513] 9,315
Search and navigation equipment 2,585] 2,450) 2,659] +5.5]  -7.9] 45.6 2,127] 2,928] 2,964] 2,257] -5.8) 25127] 2.257
Measuring and controlling devices 3,030] 3,203) 3,063} -5.4] +46] +26] 2,839] 3,286] 2,997] 2,563] +108] 2,839] 2,563
Medical instruments and supplies 2,924) 3,188] 3,087] -8.3] $3.3] +39] 2,725] 3,342] 3,015] 2,701] +0.9) ~—.2,725] 2,701
Photographic goods . 1,841] 1,849} 1,889] -0.4)  -2.1] +03} 1,513] 2,029] 1,995} 1.489] +16] 1,513] 1,489
All other durable goods ... . 15,837] 16,275} 15,981] -2.7] +1.81 $5.2} 14,003) 14,677] 15,714) 12,413] +128) 14,003) 12,413
Nondurable goods industries 124,057] 123,540] 122,909] +04} +0.5]  +0.5] 114,094] 118,043] 123,666] 112,509} +14) 114,094] 112,509
With unfilled orders . . 29,793] 29,948) 29,823] -0.5] +04! 0.0. 27,692] 29,048] 30,638] 27,437] +09! 27,692] 27,437
Food and kindred Products 35,236] 35,693) 35,081] 1.3] +1.7]  +0.9} 32,233) 35,096] 35,276] 30,999] +4.0) 32,233] 30,999
‘Meat products 8,131 8,003] 7,952) +16] +06 -1.1] 7,594) 7,733] 7,801] 7,338] 43.5] 7,594] 7,338
Dairy products 4,559] 4,582] 4,563] 0.5] +04, +2.3| 4.203] 4,398] 4,618} 4,008] +4.9] 4.203] 4,008
Beverages 5,005] 5,068} 5,044) -1.2] +05] +45] 4,319] 4,746] 4,805] 4,161] 43.8] 4,319) 4,161
All other foods, except f fats and oils | 15,652] 16.217] 15584] -3.3] +41] -0.6 14'228| 16396] 16.114] 13°870] 426 14228] 13°870
Tobacco products 3,488} 2,632] 2,312} +325] +13.8] -3.3] 2574] 3,054) 2,517] 2,004] +284) 2,574] 2,004
Textile mill products 5,877 5,891] 5,831} -0.2) +10] +04) 5,089} 5,309] 6,007] 5,238] -2.8] 5,089] 5,238
Broadwoven fabrics and
other textiles. 3,590] 3,700) 3,602] -3.0] +2.7] +1.7} 3,163| 3,451] 3,599] 3,384] 6.5] 3,163] 3,384
Paper and allied products . . 10,612] 10,735) 10,814] =. -0.7] +4.2} 10,255] 10,391] 10,642) 10,548] -2.8] 10,255] 10,548
Pulp, paper, and
paperboard mill products . . 4,245) 4,280) 4,353] -0.8] 1.7] +14) 4,096 4,207) 4,348} 4,270] -4.1] 4,096] 4,270
Paperboard containers and boxes 2,664) 2,667} 2,671] -0.1]  -0.1] +33] 2,571] 2,499] 2,633] 2,538) +13] 2,571] 2,538
Miscellaneous converted
Paper products . . 3,703) 3,788) 3,790] -2.2) -0.1] -0.6] 3,588] 3,685] 3,661] 3,740] -4.1] 3,588] 3,740
Chemicals and allied products 26,692} 26,678] 26,657] +0.1] +0.1] 42.8} 25,440] 25,370] 25,589] 24,563] 43.6] 25,440] 24,563
Industrial chemicals. 13,701} 13,395) 13,625] +23] -1.7] +3.3) 12,975} 12,347] 13,283] 12,586] +3.1] 12,975] 12,586
Drugs, soaps, and toiletries. . 9,975] 10,287) 10,091] -3.0) +19] +14] 9,785] 10,516} 9,840] 9,384) +43) 9,785] 9,384
Petroleum and coal products 10,985} 10,918 11,245) +0.6) 2.9) -4.3) 9,877) 10,483] 11,732] 11,766] -16.1] 9,877] 11,766
Rubber and plastics products 8,919] 8,989} 8,944] -0.8] +0.5f 42.8] 8,314] 8,002} 8,517] 8,060] +32] 8314] 8,060
All other nondurable goods 22,248) 22,004] 22,025] +11] -0.1]  -1.2| 20,312] 20,338) 23,386 19,331] +5.1] 20,312] 19,331

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.