Table 4. VALUE OF MANUFACTURERS’ INVENTORIES FOR INDUSTRY GROUPS

(Millions of dollars)

Seasonally adjusted

Not seasonally adjusted

Industry Monthly Percent Change Monthly Percent
change
July June May| June-] May-| Apr. July June May July} July
196" 1996" 1996] July} June] May| 1996" 1996" 1996 1995] 96/95
All manufacturing industries .. . . 434,521 | 433,868] 434,220] +02] 0.1 03] 436,354] 431,893] 437,820} 428,772] +18
Manufacturing industries
with unfilled orders... 00... 291,525 | 291,246] 291,756] +01 02} — -0.3] 294,416] 291,048] 295,429] 288,632} +20
without defense capital goods .. 415,131] 414,518] 415,005 +0.1 -0.1 0.3] 416,529} 412,334] 418,439] 408,106 42.1
Durable goods industries . . 274,644 | 273,649] 273,857 +0.4 0.1 0.0] 276,118] 272,284] 276,629] 267,829 43.1
With unfilled orders 251,812] 251,228] 251,512] +02] 0.1 -0.1} 253,928] 250,699] 254,567] 246.455] 43.0
Stone, clay, and glass Products : 8,201 8274) 82851 09] 0.1 09] 8313) 8375] 8,501 8743, -4.9
Primary metals. . . 23,539| 23,726) 23,687] -0.8] = 40.2 0.0) 23,724) 23,611] 23,676] + 24,020] -1.2
Blast furnaces, stee : 11,528} 11,570] 11,558] -0.4] 40.1 08! 11,666] 11,389) 11,420] 11,597] 40.6
Iron and steel foundries. . 1440] 1,443 1427] 02) +14 0.6 1434] 1,474 1,470 1400] 42.4
Nonferrous and other primary
metals... 0.2... 10,571) 10,713] 10,702) -1.3) 0.1) 40.8] 10,624] 10,748] 10,786] 11,023 36
Fabricated metal products + | 26,008) 25,671] 25,897] +13] 0.9] —-0.6] 26,282] 25,983] 26248] 27306] 3.8
Industrial machinery and equipment 59,318] 58,772} 59,510 +09 -12 03} 59,304] 57,982] 60,396] 56.646 +47
Engines and turbines . . . 3,823] 3,787] 3,797] +1.0] 03] +05] 3,907] 3.740] 3856] 432] 5.4
Farm and garden machinery tenes 2,917 2,929 2,929 04 0.0 08 2,663 2,732 2,791 2,569 43.7
Construction, mining and
material handling equipment 7,186 7,152 7,145 +0.5 +0.1 +0.2 7,114 7,191 7219 6971 421
Metalworking machinery . . 7,076 7,081 7,142 0.1 09) +15 7,239 7,063 7,200 6,795 +65
Computer and office equipment . 13,243) 12,994) 13,568] +1.9] 4.2] 23] 13-415} 12,501] 13982] 2601] 46.5
Electronic and other
electrical equipment ........... 41,042} 41,095] 40,9547 0.1] 403) = -0.1] 41,564] 41,089] 41,550] 39,500] +52
Electrical transmission and
distribution equipment and
industrial apparatus... . . 4,678} 4,683} 4,747) -0.1 -13] 03] 4,724] 4,657] 4,783] 5,306] -11.0
Household appliances .......... 2,681 2,637 2,568 +17 42.7 12 2,654 2,710 2,789 2,788 48
Electric lighting and
wiring equipment . . 3,326] 3,298] 3,327] 40.8] 9-09] 9-12] 3,396] 3,352] 3,398] 9 asas] 3.7
Household audio and
video equipment ......... 1,576 1,566 1,607} +06] = -26] = -1.8 1,685 1,644 1,644 1542] +93
Communications equipment . 10,986) 10,992] 10,836] -0.1) +14] 40.1) 11010] 10.914] niga] 9861] +117
Electronic components . . . 14,215] 14,330] 14,280] -0.8] +04) +05] 14400] 1452] igii7] iz910] +115
Transportation equipment . . . 66,597] 66,399] 65,674 +03 +11 +02] 66,863] 65,520] 66,056] 63,415 45.4
Motor vehicles and parts . 15,869] 15,537] 15,666] #21 0.8 08} 15,870] 14,963] 15,532] 15,672] +13
Aircraft, missiles,
space vehicles, and parts. 45,637] 45,840] 45,051 04] +18] +06] 45,928] 45,624] 45,528] 42,857] +72
Shipbuilding and tanks . . 1,808 1,878 1,867 37 40.6 +34 1,839 1,880 1,944 1,828 +0.6
Instruments and related products 24,877] 24,523 24,645] +14] 05, 0.0] 25,145} 24,636} 24,922] 23,416] +74
Search and navigation equipme 6,694 6,456 6,525 43.7 “Lt 0.2 6,800 6,472 6,588 6,069] +120
Measuring and controlling devices . 7971 7,890] 7,882] +10} 40.1 00] 8051 79 7,954} 7,482] +76
Medical instruments and supplies. 7,291 7,279 7,221 +02 +0.8 +0.2 7,335 7,327 7,301 6,848 47.1
Photographic goods . . on 2,297 2,267 2,381 +13 48 40.1 2,329 2,285 2,434 2,386 24
All other durable goods . 25,062] 25,189] 25,205 05 -0.1 +12] 24,923] 25,088] 25,280] 24.783 +0.6
Nondurable goods industries 159,877] 160,219] 160,363 -02] — -0.1 -0.7} 160,236] 159,609} 161,191] 160,943} —-0.4
With unfilled orders . . 39,713} 40,018} 40,2447 = 0.8] = 0.6] 1.4] 40,488] 40,349] 40,862] 42.177] -4.0
Food and kindred Products 33,300] 33,271] 33,248 40.1 40.1 0.6) 32,295] 31,728] 32,018] 31,538 424
Meat products . . 4,008] 4,046] 4,063] 0.9) = -0.4) 9-14] 4,008] 94,079] 4.126] 3625] +106
Dairy products 2,921 2,779) 2,650) +5.1] +49] 4057 3,052] 2836] = 2,720] 2:756| 410.7
Beverages . : 6170} 6,207} 6,194] 06] +402} = =-0.1] 6071 6169] 6,191 6,047} +04
Alll other foods, except ‘fats and oils 17,925] 18,053) 18,222} 0.7] 09} = -08} 17,011] 16.576] 16,867] 17,580] -3.2
Tobacco products .. . . . 5,508 5,586 5,606 -14 04 403 5,122 5,242 5,367 5,123 0.0
Textile mill products . . 10,004] 10,007] 10,085 00) 05) 06] 10,167] 10,096] 10411] 10,407] -23
Broadwoven fabrics and
other textiles 5973] 5,987] 6,014] 0.2] 04] = -0.5] 6,063] 6,000] 6,178} 6,257] -3.1
Paper and allied products . 16,657] 16,749] 16933] 05] Lt -17| 16,633] 16,724] 17,181] 16,819] -1.1
Pulp, paper, and
paperboard mill products ..... 6,992 7,008 7,010 02 0.0 -2.0 6,908 6,925 7,092 6,284 +99
Paperboard containers and boxes 3,978 4,060 4,213 -2.0 36 27 4,010 4,059 4,220 4,804]  -16.5
Miscellaneous converted
Paper products sees 5,687] 5,681 5,710] +0.1 05] -05] 5,715] 5,740] 5,869] 5,731 -03
Chemicals and products 38,947} 39,086} 38,995] 0.4] +02] -04! 39.041] 39035] 39446] 38.847] +05
Industrial chemicals... . 18,662] 18,770] 18,673] -06} 405] = -1.2| 18,718] 18,657] 18,695] 191077] -1.9
Drugs, soaps, and toiletries . 15,278] 15,290] 15343} -0.1 03 0.0) 15,553] 15,547] 15,751] 15,135] 42.8
Petroleum and coal products . . . 12421) 12,287] 123345] +14 05]  -0.7] 12,716] 12544] 12,697] 11.791] +78
Rubber and plastics products. 15,264) 15,241] 15,147] 40.2] +06] = -02] 15,271] 15,227] 15.298] 15.472] -13
All other nondurable goods . . 27,776| 27,992] 28.034] 08] = -0.1 14] 28,991] 29,013} 28,773} 30,946] -63

” 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

360 360
New Orders

340 P------ +--+ 2-2 eee eee eee eee eee eee Shipments |} 340

320

300
280
260 al at L L L rl L 1 L L 1 1 1 260
Jul Sep Nov Jan Mar May Jul Sep Nov Jan Mar May = Jul
Jul. 1994 - Jul. 1996
Total Manufacturing
Ratio of Unfilled Orders and
Inventories to Shipments

/S Ratios UO/S Ratios
2.5 3.9
2.4 3.8
2.3 3.7
2.2 3.6
2.1 3.5

2 3.4
1.9 3.3
1.8 3.2
1.7 3.1
1.6 3
1.5 2.9
1.4
1.3
1.2

Jul Sep Nov Jan Mar May Jul Sep Nov Jan Mar May = Jul
Jul. 1994 - Jul. 1996

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
July June May | June- | May- | Apr- July June May July | July
1996 | 1996" 1996 | July | June | May | 1996? 1996 1996 1995 | 96/95
UNFILLED ORDERS
All manufacturing industries... . 504,162 | 499,201 | 495,913 | +10] +0.7 | +06 | 506,113 | 499,646 | 500,280 | 472,881 47.0
Market categories :
Automotive equipment . . 1,901 1,900 | +09] +0. “12 1918 | 1,845 1,891 2,108 9.0
Home goods and apparel 9,233 9,404 28 1B +03 9,854 9,857 10,074 10,494 6.1
Consumer staples ..... . 1972] 1917] +94] 429] 437] 2295 1,936 1835 | 2035 | +12.8
Machinery and equipment 224,249 | 224,003 | +14] +0.1 | +1.0 | 227,467 | 224,101 | 224,672 | 196,617 | +15.7
Business supplies... . . 6487 | 6390] +21] +15] +413] 6737 | 6541 | 6582 | 6657 +12
Construction materials
and supplies. . 15,810 | 15,693 | 15,685 | +0.7| +0.1 -0.1 | 16,036 | 15,789 | 15,867 | 15,999 | +02
Defense products 103,239 | 103,988 | 102,192 07] +18] +405 | 102,536 | 104,483 | 102,916 | 97,019 $5.7
Other materials, supplies and
and intermediate products ..... . 137,944 | 135,678 | 134422 | +1.7] +09] +0.2 | 139,270 | 135,094 | 136,443 | 141,952 -19
Durable goods industries :
Nondefense capital goods? ...... 245,963 | 242,125 | 242,189 | +1.6 0.0 | +09 | 245,633 | 241,752 | 242,515 | 215,868 | +138
Excluding aircraft ‘ind parts. 99,023 | 97,212 | 97,874 +19 07 -0.3 | 98,693 | 96,839 | 98,200 | 95,261 43.6
Defense capital goods‘ ........ 108,224 | 108,903 | 106,999 | -06 | +18] +04 | 107,533 | 109,419 | 107,796 | 102,271 45.1
Durables excluding capital goods 125,958 | 124,369 | 123,117 +13 +10 40.2 | 127,833 | 123,830 | 125,636 | 126,801 +08
Miscellaneous series :
Producers’ durable equipment . 260,739 | 257,279 | 257,170 +13 0.0 +0.8 | 261,296 | 256,829 | 258,115 | 231,020} +13.1
Household durable goods . . 5,707 | 5,875 | 5,982 29} 18} +02] 6119 | 6,005 | 6258 | 6,403 44
Information technology indust 38,952 | 38,103 | 38,819 42.2 18 +23 | 39,240 | 38,213 | 39,132 | 38,897 40.9
Health care equipment
and products ............... 8,024 7,677 771 44.5 04 421 8,010 7,517 7,648 7,191 +114
TOTAL INVENTORIES
All manufacturing industries ..... 434,521 | 433,868 | 434,220 40.2 0.1 0.3 | 436,354 | 431,893 | 437,820 | 428,772 +18
Market categories :
Automotive equipment .. . . 8261 | 8,021 7990 | +30] +04) -01 3177 | 7,725 | 7,975 | _7,586 478
Home goods and apparel. 31,688 | 31,839 | 31,941 05 03 0.7 | 32,555 | 32,954 | 33,189 | 33,267 24
Consumer staples . . 64,262 | 64,377 | 64,457 02] -01 -0.5 | 63,573 | 63,216 | 63,847 | 62,297 42.0
Machinery and equipment . 110,440 | 109,744 | 109,779 | +0.6 0.0 } +02 | 110,497 | 108,550 | 111,576 | 102,073 +83
Business supplies . . . 25,896 | 25,956 | 26,030 02] 03 | -05 | 26319 | 26,063 | 26,342 | 27,035 2.6
Construction materials
and supplies 25,791 | 25,787 | 25,835 0.0 02 0.0 | 25,931 | 25,935 | 26,077 | 26,639 -2.7
Defense products 19,079 | 19,063 | 18,969 | +01 | +05] -03} 19,470 | 19,254 | 19,106 | 20,278 40
Other materials, supplies and
and intermediate products ..... . 149,104 | 149,081 | 149,219 00] 01} -05 | 149,832 | 148,196 | 149,708 | 149,597 +02
Durable goods industries :
Nondefense capital goods * 104,257 | 103,684 | 103,809 +0.6 0.1 +0.1 | 104,629 } 102,663 | 105,749 | 97,019 +78
Excluding aircraft and parts. 71,630 | 70,915 | 71,642 +1.0 -1.0 -0.5 | 72,026 | 70,301 | 73,205 | 68,561 $5.1
Defense capital goods ‘ . 19,390 | 19,350 | 19215 | +02] +407] 02] 19825 | 19559 | 19381 | 20,666 4.1
Durables excluding capital goods 150,997 | 150,615 | 150,833 +03 0.1 0.0 | 151,664 | 450,062 | 151,499 | 150,144 +10
Miscellaneous series :
Producers’ durable equipment . 176,652 | 175,428 | 175,972 03 -0.1 | 177,185 | 174,212 | 178,385 | 169,692 44.4
Household durable goods ....... 14,899 | 15,108 15,184 . 05 02 15,158 15,447 15,631 15,126 +0.2
Information technology industries . | 36,798 | 36,357 | 36,932 +12 1.6 -10 | 37,113 | 35,788 | 37,819 | 34,248 48.4
Health care equipment
and products . 15,598 | 15,591 | 15,559 00} +02} +01) 15,789} 15,774 | 15,859 | 15,084 44.7

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 2
Monthly Percent Change Monthly Percent Year to date
Industry change
July | June | May | June-| May-| Apr-| July | June} May] July | July
1996] 1996] 1996] July | June] May] 19967] 1996") 1996] 1995] 96/95 | 1996 | 1995
SHIPMENTS
All manufacturing industries 312,672| 308,851] 311,203] +1.2] -0.8] +1.0] 280,147] 330,391] 314,342] 262,199] +6.8] 2,114,530 |2,037,318
larket categories :
Automotive equipment . . 14,453] 13,889} 14,100] +4.1] -1.5| +17] 9,196] 14,715] 15,379] 7,876] +168] 94,593) 91,481
Home goods and apparel 18,701] 18,653] 18,6791 +03) -0.1] +09] 17,314] 19,564] 17,665) 16,291)  +6.3] 123,340) 118,474
Consumer staples ..... - - 66,085] 64.478] 65,608] +2.5] -1.7| +0.1] 64,205] 66,631) 65,367] 58,411] +9.9] 444,299] 413,520
Machinery and equipment . 55,523, 55,574| 55,666] -0.1] 0.2] 42.7] 45,310] 62,910] 55,542) 41,245] +9.9] 373,667] 351,087
Business supplies .........- 24,919] 24,623] 24,639] +12) -0.1]  -0.7] 23,633] 25,618] 24,792] 21,904] +7.9} 168,857] 158,247
Construction materials
and supplies... ... 19,746| 19,207] 19,202} +2.8] 0.0] +2.0) 18,863] 20,694] 19,730] 17,484] +7.9] 130,168} 128,632
Defense products 6.166] 6,537] 6,341] -5.7] +3.1) +181 5,553] 7,003] 6,217] 5,723] -3.0) 43,010) 44,250
Other materials, suppli
and intermediate products .... . - 107,079} 105,890] 106,968] +1.1] -1.0] +0.9| 96,073] 113,256] 109,650] 93,265]  +3.0| 736,596] 731,627
vurable goods industries :
Nondefense capital goods * 42,339] 42,985] 42,799] 1.5] +04, +2.8| 35,961] 50,044) 41,173) 33,449] +7.5] 287,062] 270,045
Excluding aircraft and parts 37,133) 38,047| 36,784] -2.4] +3.4| +0.3) 31,534] 44,152] 35,436] 29,241] +7.8} 252,910] 233,848
Defense capital goods‘ ..... 5,814] 6,205] 5,999} 6.3) +34) +1.7] 5,168} 6,695] 5,870} 5,371 3.8] 40,497] 41,447
Durables excluding capital goods . | 120,027] 117,712] 118,689] +2.0] -0.8) +1.4] 99,871) 125,459] 122,703] 91,732] +8.9] 804,753} 775,918
fiscellaneous series :
Producers’ durable equipment 108,387) 107,573] 107,909) +08] 0.3] +2.3) 86,171] 118,904] 109,636] 77,902] +10.6] 726,433) 689,922
Household durable goods .......| 9,259] 9,299] 9,242] -0.4] +06 +14) 8,015] 9,678] 8,846] 7,149] +12.1] 60,469) 54,791
Information technology industries. } 21,077] 21,140] 20,502) -0.3] #3.1)  +1.8] 17,259] 25,260] 19,158) 15,122) +14.1] 138,274] 124,077
Health care equipment
and products ........--2 0.05 10,437] 10,181] 10,236] +2.5] -0.5] +1.5] 9,716] 10,757] 9,723] 8,651] +123) 69,137) 63,837
NEW ORDERS
All manufacturing industries... . . 317,633| 312,139] 314,194] +18] -0.7}  +2.3] 286,614] 329,757] 315,187] 263,097] +8.9} 2,146,168 }2,045,892
farket categories :
Automotive equipment 14,470] 13,889] 14,077] +4.2[ -1.3] +1.7] 9,269] 14,669] 15,316] 7,905] +17.3) 94,593] 91,425
Home goods and apparel 18445] 18482) 18,703) -0.2| -1.2} +1.0] 17,311] 19,347] 17,769] 16,403] -+5.5 125,584) 121,780
Consumer staples .... . 66.270] 64,532] 65,677] +2.7]  -1.7| +0.2} 64,565] 66,731] 65,447) 58,607] +10.2] 444,769) 413,878
Machinery and equipment . 58,771| $5,820] 57,833] +53] -3.5| +8.6] 48,677] 62,339] 57,747) 39,787] +223] 392,275] 351,619
Business supplies 25,052} 24,720| 24,718| +1.3) 0.0) -1.1] 23,829] 25,576] 24,991] 21,989] +8.4) 169,357] 158,813
Construction materials
and supplies 19,863] 19,215] 19,179] 43.4] 40.2} +2.) 19,111] 20,616) 19,719] 17,726] +78] 130,928] 129,220
Defense products ... . - 5,417] 8,332] 6,816] -35.0] +222) +5.9 3,607] 8,570] 5,316] 4,281) 15.7] 47,176} 39,130
Other materials, supplies and
and intermediate products .... . . 109,345] 107,149] 107,191] +2.0] 0.0] +1.5] 100,245] 111,909] 108,882] 96,399) +4.0] 741,486] 740,027
durable goods industries :
Nondefense capital goods’... ... 46,177] 42,921] 44,979] +7.6|  -4.6 +11.1] 39,842] 49,281] 43,271] 32,092) +24.1] 305,521} 271,245
Excluding aircraft and parts. 38,944] 37,385] 36,454] +42] +2.6f -0.3] 33,388] 42,791) 35,024) 28,538) +17.0] 256,279) 239,449
Defense capital goods‘ ....... 5,135| 8.109] 6.414] -36.7] +264] +62] 3,282) 8,318] 4,856] 3,598] 8.8) 44,919) 35,842
Durables excluding capital goods . | 121,616] 118,964] 118,894] +22) +0.1] | +1.7| 103,874] 123,653] 122,205] 95,394) +8.9) 811,156] 785,532
Aiscellaneous series :
Producers’ durable equipment .... | 111,847] 107,682| 109,868] +3.9] -2.0] +5.2] 90,638} 117,618] 111,780] 77,329] +17.2| 745,385} 693,035
Household durable goods . ‘1 -go91] 9,192] 9,252] 1.1] -0.6 41.2] 8129] 9,425] 8,938] 7,589] +7.1] 61,614) 56,133
Information technology industries . | 21,926] 20,424] 19,570] +7.4| +4.4] -4.2] 18,286] 24,341] 18,665] 15,002) +219] 139,271] 126,355
Health care equipment
and products ......... 00.045 10,784] 10,147] 10,397] +63] -2.4] +2.5] 10,208] 10,626) 9,925] 8,604} +18.6) 69,619] 63,056

” 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.

3 Nondefense capital goods industries include : ordnance and accessories;
vandling equipment; metalworking machinery; special industry machinery;
ndustry machinery; electrical transmission and distribution equipment; electrical industrial apparatus;

ind 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
ind tank components; and search and navigation equipment.

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

steam, gas and hydraulic turbines; internal combustion engines; construction, mining, and material
general industrial machinery; computer and office equipment; refrigeration, heating and sery
communications equipment; aircraft, missiles, space vehicles, and engines


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

Inventory / Shipments ratio Unfilled Orders / Shipments ratio"
Industry July June May Apr. July June May Apr.
1996” 1996" 1996 1996 1996" 1996" 1996 1996
All manufacturing industries ..... . 139 1.40 1.40 141 2.93 291 2.89 2.91
Durable goods industries 1.63 1.64 1.66 3.54 3.51 3.47 3.51
Stone, clay, and glass products . 1.15 1.20 1.24 0.97 1.04 1.04 1.10
Primary metals ...... we 1.56 1.62 1.57 2.07 2.09 1.98 1.94
Fabricated metal products . bene 1.49 147 149 1.37 1.37 1.34 1,34
Industrial machinery and equipment . 1.88 1.84 1.92 2.46 2.38 2.45 2.44
Electronic and other
electrical equipment . . . 1.53 1.52 153 154 1.85 1.79 1,82 1.86
Transportation equipment . + 1.68 1,72 1.66 1.72 12.57 12.42 11.86 12.57
Instruments and related products . 1,94 1.95 1,96 2.00 3.72 3.80 3.84 3.92
Nondurable goods industries . 1 1.13 1.12 1.13 0.66 0.66 0.6 0.65
Food and Kindred products 0.85 0.88 0.86 0.87 &) X) es) (X)
Tobacco products ..... 1.93 2.04 2.10 2.06 (X) X) ) )
Textile mill products... . 1.54 149 1.55 1,59 (NA) (NA) (NA) (NA)
Paper and allied products . 1.24 1.26 1.26 1.26 (NA) (NA) (NA) (NA)
Chemicals and allied produ 1.23 1.27 1.25 1.28 (xX) ¢ (Xx) (xX)
Petroleum and coal products 0.85 0.84 0.81 0.80 (xX) (X) (xX) )
Rubber and plastics products . . 1.26 1.28 1.26 127 (x) (%) (x) (x)

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

' Excludes the following industries with no unfilled orders : Wood and lumber products; glass containers; metal cans, barrels and drums; farm and garden machinery;
motor vehicle assembly operations; other transportation equipment; foods and related products; tobacco; knitting mill products; apparel and related products; 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
July July July July
July? | 1995- July? | 1995- July? | 1993- July? | 1995-
July’ } 1991-] June | July! | 1991-] June} July’ | 1991-] June | July! | 1991- | June
. 1996 | 1995 | 1996 | 1996 | 1995 | 1996 | 1996 | 1995 | 1996 | 1996 | 1995 | 1996
All manufacturing industries... . . . (x) OL 0.2 (&) 0.1 02 ) 01 01 (x) 0.1 01
Durable goods industries... . . : 0.1 03 03 01 03 0.4 0.0 0.0 0.1 &) 02 Ol
Stone, clay, and glass products (X) 09 0.5 (x) 15 0.8 (X) 0.6 0.6 (X) 0.2 01
Primary metals... .... -06 02 04 -Li 0.6 0.6 Ol 03 03 (Xx) 02 0.1
Fabricated metal products . . - (x) 03 04 fe) 03 05 (X) 0.2 03 (X) 0.1 01
Industrial machinery and equipment . 04 03 06 08 03 07 0.1 01 Ol & ol Ol
“Electronic and other

electrical equipment... . : 0.0 04 03 0.0 1.0 06 0.0 03 03 9 01 0.1
Transportation equipment ........ . Ol 07 07] -04 05 12 0.0 01 0.2 x) 08 03
Instruments and related products . . ) 03 04 (x) 0.5 0.7 () Ol 02 (X) 0.1 02
Nondurable goods industries . . (Xx) 0.1 0.1 X) 0.1 0.2 (X) 02 02 ) 0.1 0.1
Food and kindred products (X) 02 0.2 & (Xx) ) (X) (x) (X) (X) 01 0.2
Tobacco products . . . (X) 03 0.0 (Xx) (Xx) (x) &) (X) (X) (X) 0.0 0.0
Textile mill products. - fe) 05 03 & | eA) ] (NA) | NA)] (NA) &) 02 0.1
Paper and allied products . (x) 03 02 (X) | (NA) | (NA) (xX) | (NA) | (NA) (X) 05 02
Chemicals and allied produ &% 0.5 03 % fer4 &) (Xx) (x) (Xx) (X) 02 02
Petroleum and coal products X) 02 03 X) (x) (X) 0.4) () (x) (Xx) 0.1 0.2
Rubber and plastics products: &) 01 02 &) &) &) &) &) &) &) 02 02

Capital goods industries :
Nondefense ........ 0.5 02 05 04 06 0.7 0.0 0.1 01 (x) 0.6 03
Defense . 04 03 08 02 17 55 0.0 Ol 03 (x) 03 03

(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 aft the simple averages of the absolute values of the diferences for the months specified. ‘The advance to final percent change revisions forthe
durable goods industries are shown in the advance report for the month.

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


CURRENT INDUSTRIAL REPORTS

is
Vay

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

Manufacturers’ Shipments,
Inventories, and Orders

J uly 1996
3-1-(96)-7
For Wire Transmissions 10:00 a.m. E.D.T. August 30, 1996

For Data - (301) 457-4673
For Questions - Kathy Menth or Gloria Cable
(301) 457-4804 or (301) 457-4832

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

Summary

New orders for manufactured goods in July increased $5.5 billion or
1.8 percent to $317.6 billion, the Department of Commerce, Bureau of the
Census reported today. This follows a 0.7 percent June decrease and is the
fourth increase in the last five months. Excluding transportation, new orders
increased 2.1 percent, the third increase in the last four months. Year to
date, new orders are 4.9 percent above the same period a year ago.

Shipments, up three of the last four months, increased $3.8 billion or
12 percent to $312.7 billion, following a 0.8 percent June decrease. Year
to date, shipments are 3.8 percent above the same period a year ago.

Unfilled orders, up ten of the last eleven months, increased $5.0
billion or 1.0 percent to $504.2 billion, following a 0.7 percent June
increase The unfilled orders-to-shipments ratio was 2.93, up from 2.91 in
june.

Inventories increased $0.7 billion or 0.2 percent to $434.5 billion,
following a 0.1 percent June decrease. The inventories-to-shipments ratio
was 1.39, down from 1.40 in June. The July ratio is the lowest since the
1.39 recorded in January 1995.

New Orders

‘New orders for manufactured durable goods in July increased $2.9
billion or 1.7 percent to $172.9 billion, revised from the previously published
1.6 percent increase. This follows a 0.2 percent June decrease and is the
second increase in the last three months.

Electronic and other electrical equipment, up for the second
consecutive month, had the largest increase, $1.2 billion or 4.7 percent to
$28.0 billion; widespread increases were led by communication equipment.
Industrial machinery and equipment, up six of the last seven months,
increased $0.9 billion or 2.9 percent to $32.6 billion. This follows a 0.3
percent June increase. Instruments and related products, up for the first
nonth since April, increased $0.6 billion or 5.4 percent to $12.8 billion,
following a 2.9 percent June decline. Primary metals, up three of the last
four months, increased $0.2 billion or 1.0 percent to $15.7 billion, following
20.2 percent June decrease. Transportation equipment, down three of the
last four months, decreased $0.2 billion or 0.4 percent to $41.6 billion, a
large decline in shipbuilding and tanks more than offset an increase in motor
vehicles and parts. This follows a 1.3 percent June decrease.

New orders for nondurable goods, up four of the last five months,
increased $2.6 billion or 1.8 percent to $144.7 billion, following a 1.2
percent June decrease. ‘The largest increases were in food and kindred
oducts, and chemicals and allied products; textile mill products had the
largest decline.

Shipments

Shipments of durable goods in July increased $1.3 billion or 0.8
percent to $168.2 billion, revised from the previously published 0.7 percent
Increase. This follows 2.0.3 percent June decrease and is the third increase
in the last four months.

Transportation equipment, up three of the last four months, had the
largest increase, $0.9 billion or 2.4 percent to $39.5 billion, due to motor
vehicles and parts. This follows a 2.6 percent June decrease. Primary
metals increased $0.4 billion or 3.1 percent to $15.1 billion. This follows
2.8 percent June decline and is the first increase since April. Instruments
and related products, up for the third consecutive month, increased $0.3

billion or 2.1 percent to $12.8 billion. This follows a 0.2 percent June
increase. Stone, clay, and glass products, up four of the last five months,
increased $0.2 billion or 3.0 percent to $7.1 billion, following a 1.3 percent
June decline. Industrial machinery and equipment, down for the first month
since April, decreased $0.4 billion or 1.2 percent to $31.6 billion, following
a 2.0 percent June increase. Electronic and other electrical equipment, also
down for the first month since April, decreased $0.2 billion or 0.7 percent
to $268 billion. This follows a 1.0 percent June increase.

Shipments of nondurable goods, up six of the last seven months,
increased $2.5 billion or 1.8 percent to $144.5 billion, following a 1.2
percent June decline. Food and kindred products, up four of the last five
months, increased $1.1 billion or 2.9 percent to $39.0 billion, following a 1.6
percent June decline. Chemicals and allied products, up three of the last
four months, increased $0.9 billion or 2.8 percent to $31.6 billion.

Unfilled Orders

Unfilled orders for durable goods in July increased $4.7 billion or 1.0
percent to $480.1 billion, unrevised from the previously published 1.0
percent increase. This follows a 0.7 percent June increase and is the tenth
increase in the last eleven months.

Transportation equipment, up ten of the last eleven months, had the
largest increase, $2.0 billion or 0.9 percent to $242.3 billion, due to aircraft
and parts. This follows a 1.3 percent June increase. Electronic and other
electrical equipment, up for the first month since January, increased $1.2
billion or 2.6 percent to $49.6 billion, following a 0.4 percent June decrease.
Industrial machinery and equipment, up three of the last four months,
increased $1.0 billion or 1.4 percent to $72.8 billion. This follows a 0.4
percent June decrease. Primary metals, up nine of the last ten months,
increased $0.6 billion or 2.0 percent to $31.3 billion. This follows a 3.1
percent June increase. Fabricated metal products, up for the sixth
consecutive month, increased $0.2 billion or 0.7 percent to $22.4 billion,
This follows a 0.8 percent June increase. Stone, clay, and glass products
decreased $0.2 billion or 3.5 percent to $6.5 billion. This follows a 1.4
percent June decrease and is the eighth consecutive monthly decline.

Inventories

Inventories of durable goods in July increased $1.0 billion or 0.4
percent to $274.6 billion, following a 0.1 percent June decline. Industrial
machinery and equipment increased $0.5 billion or 0.9 percent to $59.3
billion, following declines of 1.2 percent in June and 0.3 percent in May.
Instruments and related products, up thirteen of the last fourteen months,
increased $0.4 billion or 1.4 percent to $24.9 billion, following a 0.5 percent
June decline. Fabricated metal products, up for the first month since
February, increased $0.3 billion or 1.3 percent to $26.0 billion, following a
0.9 percent June decline. Transportation equipment, up six of the last seven
months, increased $0.2 billion or 0.3 percent to $66.6 billion. This follows
a 1.1 percent June increase. Primary metals products, down three of the last
four months, decreased $0.2 billion or 0.8 percent to $23.5 billion.

Inventories of nondurable goods, down for the fifth consecutive month,
decreased $0.3 billion or 0.2 percent to $159.9 billion, following a 0.1
percent June decline. The largest decreases were in printing and publishing,
and chemicals and allied products.

By stage of fabrication, July finished goods increased 0.3 percent in
durables and decreased 0.5 percent in nondurables. Work in process
increased slightly in durables and decreased 0.3 percent in nondurables.
Materials and supplies increased 0.9 percent in durables and 0.2 percent in
nondurables.

Our internet address is: http:/Avww.census.gov/ftp/pub/indicator/www/m3prel-htmt

‘The advance report on durable goods for August is scheduled for September 26, 1996 at 8:30 a.m. and the full report on October 3, 1996 at 10:00 a.m. For sale by the Superintendent
of Documents, U.S. Government Printing Office, Washington, DC 20402. This report is also available the day of issue through the Department of Commerce's online Economic Bulletin

Board (N-8-1) (202-482-3870)and through the Census Bureau's online information 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.


Nondefense Capital Goods 1
New Orders and Shipments
Three Month Moving Averages
Billions of Dollars

52F---------------------------- ee e ee New Orders || 52

Shipments

Jul Sep Nov Jan Mar May Jul Sep Nov Jan Mar May = Jul
Jul. 1994 - Jul. 1996

Defense Capital Goods
New Orders and Shipments
Three Month Moving Averages

Billions of Dollars
11 11

New Orders

10

9

Jul Sep Nov Jan Mar May Jul Sep Nov Jan Mar May Jul
Jul. 1994 - Jul. 1996

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
July June May | June- | May- | Apr- July June May July | July
1996 1996" 1996 | July | June | May | 1996? | 1996" 1996 1995 | 96/95
MATERIALS AND SUPPLIES
All manufacturing industries 144,085 | 143,189 | 144,598 | +06 -0.7 | 144,170 | 141,933 | 144,054 | 144,023
Durable goods industries. 83,586 | 82,817 | 83,810 | +09 -0.6 | 83,598 | 81,635 | 83,224 | 81,868
Stone, clay, and glass products 2,765 | 2,755 | 2,777 | +04 +0.1 2.776 | 2,761 777 81
Primary metals -.. 2... : 7530 | 7/529 | 7:638 0.0 +08 | 7532 | 7423 | 7469 | 7,606
Fabricated metal products" - | 9505] 9476 | 9670 | +13 -10 | 9624 | 9502 | 9633 | 9.945,
Industrial machinery and equipment }| 17,877 | 17,699 | 18,080 | +1.0 00 | 17,765 | 17,379 | 18215 | 16968
Electronic and other
electrical equipment 14,734 | 14,788 | 14,931 -04 “ll | 14,891 | 14,627] 14,855 | 14,627
Transportation equipment | 13,000 | 12,490 | 12,544 41 -14 | 13031 | 12274 | 12/571 | 123384
Instruments and related products - 7772 | 7,706 1684 | +09 07) 7819) 7701 | 7727 | 77213
Lumber, furniture and
miscellaneous durable goods . . . . 10,313 | 10,374 | 10,486 06) -Ld -03 | 10,160] 9,968 | 9,977 | 10,306
Nondurable goods industries . 60,499 | 60,372 | 60,788 | +02] -0.7 | -1.0 | 60,572 | 60,298 | 60,830 | 62,155 2.5
Food and Kindred products 11,745 | 11,509 | 11,780] +21] -23 | -03 | 11408 | 11263 | 11559 | 11,007 436
Tobacco products. 3592 | 4,633 | 4,623 09] +02] +01] 4372] 44451 3552 | 4:361 +03
Textile mill products 21933 921 2943 | +04] -07 | -04] 3,005 | 2954] 3/035 5,090 28
Paper and allied 77841 | 7,893 | 8,077 07] 23] 29] 7790) 7819 | 8070 | 8667 | -10.1
Chemicals and aga | 13 3002 | 12979] 05) +02] +01 | 13038] 13) Wil | 13.073 | 13,066 -0.2
Petroleum and coal products 4211 164 074 | +11 | 422] 39} 4325 | 4: n178 | 4,043 +70
Rubber and plastics products 5,830 ry 824 | 5800] +01) +04] +04] soo1] 5: 08 5,803 | 6,301 63
Apparel, printing and publishing
and leather goods ............. 10,416 | 10,426 | 10,512 0.1} 08] -18 | 10,733 | 10,601 | 10,560 | 11,620 16
WORK IN PROCESS
All manufacturing industries... . . 144,105 | 144,134 | 143,540 00] +04 | +02 | 145,055 | 143,043 | 144,221 | 139,798 43.8
Durable goods industries... . 118,248 | 118,206 | 117,640 00] +05 | +02 | 119,178 | 117,524 | 118,587 | 114,140 +44
Stone, clay, and glass products 3198 1:22 1228 24 00} 02} 1239] 1274 | 1281 1323 63
metals... 5... 93046 | 909: 9.079 05] +02] +02 | 9185 | 9058] 9078] 81961 +25
Fabricated metal products -| 7350 | 7327 | 7385 | +03] -o8 | -13 | 7395] 7303 | 7408 | 7971 72
Industrial machinery and equipment | 24,213 | 24024 | 24177] +08] -06] -o.1 | 24351 | 23,709 | 24455 | 23,559 434
Electronic and other
electrical equipment... . 15,254 | 15,356 | 15,082 | -07] +18] +07] 15,402 | 15,357 | 15,275 | 13,986 | +101
Transportation equipment... . 45516 | 45,708 | 45,081 04] +14] +03 | 45,716 | 45,236 | 45314 | 43,231 45.7
Instruments and related products - 11110 | 10884 | 11,015 } +21] -1.2 | +06 | 11300} 10976 | 11,121 | 10340 493
Lumber, furniture and
miscellaneous durable goods . . . . . 4561 | 4,584 | 4,593 -0.5 +09 | 4590] 4611 | 4,655 | 4,769 38
Nondurable goods industries . 25,928 | 25,900 03 0.0 | 25,877 | 25,519 | 25,634 | 25,658 +09
Food and Kindred products 485 458 -27 0.1 3049 | 45196 | 4,057 023, +06
‘Tobacco products. . 275 276 | +18 47.0 211 195 234 98
Textile mill products - 2,775 | 2,790 -12 08 | 2,767 | 2,751 2.816 | 2,841 2.6
Paper and allied product 1770 | 1771 | +01 +09 | 1816 | 1,801 1,792 1,662 493
Chemicals and allied produ 6854 | 6,728 05 05 | 6900] 6822 | 6790 | 6590 +47
Petroleum and coal products 2,402 2:510 +4.0 40.2 23547 2:427 2,582 23347 48.5
Rubber and plastics products. x 2028 | 2015 | +05 05 | 2010 | 1/970 | 2006 | 2/031 -10
Apparel, printing, and publishing
and leather goods . 5343 | 5,339 | 5,382 | +01 +05 | 5,577 | 5,357 | 5,386 | 5,930 6.0
FINISHED GOODS
All manufacturing industries... . . 146,331 | 146,545 | 146,082 0.1} +03 | -03 | 147,129 | 146,917 | 149,545 | 144,951
" Durable goods industries... . 72,810 | 72,626 | 72,407} +03] +03 | +03 | 73,342 | 73,125 | 74,818 | 71,821
Stone, clay, and glass products - 4238 | 4291 | 4280] -12]} +03} -18 | 4208] 4340 | 4443 | 4,601
Primary metals 963 | 7102} 6970} 20] +19} -13 | 7007] 7130} 7112 7,453
Fabricated metal products - | 9063 | 8868 | 8842] +22] +03 | +05] 91263} 91178 | 9207] 9390
Industrial machinery and equipment’ | 17,228 | 17/049 | 17:53 | +10 | -12 | -09 | 175188 | 16,894 | 17726 | 16,119
Electronic and other
electrical equipment ....... 11,054 | 10,951 | 10941 | +09] +01 | +03} 11,271 | 11105 | 11,420 | 10,887
Transportation equipment... 8,081 8,201 3049 | -15] +19] 423] 8116] goo] 8171 7,800
Instruments and related products . 5995 | 5,933 | 5946] +10] -02] -O1 | 6026] 5959] 6074 | 5,863
Lumber, furniture and
miscellaneous durable goods . . . . 10,188 | 10,231 | 10,126 -04 429 | 10,173 | 10,509 | 10,648 | 9,708
Nondurable goods industries 73,521 | 73,919 | 73,675 05 -08 | 73,787 | 73,792 | 74,727 | 73,130 | +09
Food and Kindred products 17,193 | 17.277 | 17,010 05 -09 | 16838 | 16,269 | 16,402 | 16508 | +20
Tobacco products. . . 636 678 707 | 6.2 13 539 596 610 52 421
Textile mill products . 4328} 4311 | 4322 | +04 06 | 4,395 | 4391 | 4,560 | 4,476 -18
Paper and allied products... |: : 77045 | 7,086 | 7,085 06 09 | 7027 | 7104 | 7319 | 6490 | +83
Chemicals and allied products’! 19,193 | 19,230 | 19,288 02 07 | 19,103 | 19,102 | 19,583 | 19,191 03
Petroleum and coal products 5.71 5,721 5761 01 +13] 5844] 51826 | 5937 | S\401 48.2
Rubber and plastics Sroducts 7,396 7,389 7332 40.1 05 7360 7,449 7,489 7,140 43.1
Apparel, printing and publishing
and leather goods .......... 12,017 | 12,227 | 12,170 17 | +05] -18 | 12,681 | 13,055 | 12,827 | 13,396 $3

° Preliminary. ‘ Revised.

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


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

UNFILLED ORDERS FOR INDUSTRY GROUPS

Seasonally adjusted

Not seasonally adjusted

Industry Monthly Percent Change Monthly Percent
change
July June May] June-]/ May-] Apr July June May July! July
1996] 1996" 1996] July} June] May} = 1996"} 196" 1996 1995] 96/95
All manufacturing industries . 504,162] 499,201] 495,913] +1.0]  +0.7]  +0.6| 506,113 | 499,646] 500,280] 472,881] +7.0
Manufacturing industries
without defense capital goods ..... 395,938] 390,298] 388,914] +14 +04] +0.7] 398,580] 390,227] 392,484] 370,610) — +7.5
Durable goods industries ......... 480,145] 475,397] 472,305] +10] +07] +0.6] 480,999] 475,001] 475,947] 444,940] +81
Stone, clay, and glass Products : 6545} 6,781] 6880] -35] -14] -22] 6,735} 6,711 6,990] 7,163] -6.0
Primary metals 31,297] 30,675] 29,766] +20) 43.1] +18] 31.236] 30.970] 30,783] 28,326] +103.
Blast furnaces, steel mills . 12,818] 12,531] 12,352) +23] +14] 42.7] 12,754] 12,625] 12,821] 11,438] +115
Iron and steel foundries 4217) 4212) 4013] +01] +50] 0.1] = 4.234] 4.258] 4,065] 3,678] +15.1
Nonferrous and other primary
metals... eee 14,262] 13,932] 13,401] +24] 44.0] +15] 14,248] 14,087] 13,897] 13,210] +7.9
Fabricated metal products - | 22,449] 22,291] 22,120] 40.7] +08] +18] 22,801] 22,302] 22.205] 22,191] 42.7
Industrial machinery and equipment. | 72'g14] 71.781] 72005] +14] 0.4) +04 72285] 71238] 72233] 70147] +3.0
Engines and turbines .......... 10,996] 10,761] 11,017] #22] = --23] +10] 10,793] 10,450] 10,541] 10,668] +1.2
Construction, mining and
material handling equipment . 9,299 9,277 9,225 40.2 +0.6 +08 9,085 9,290 9,420 7,985] +13.8
Metalworking machinery ....... 9,159] 8904] 8974] 429] -08] +20) 9159} 8,904) 8974] 9,864) -7.1
Computer and office equipment . . . 10,309 9,702 9,584) +63 +12 0.7} 10,587 9,814 9,886] 10,811 21
Electronic and other
electrical equipment ........... 49,551] 48,312) 48,508] +26] -04) -18] 50,520) 47,674] 49,293] 51,394) -1.7
Electrical transmission and
distribution equipment and
industrial apparatus ........... 6,393 6,082 6,034 +5.1 +08] +01 6,430 6,011 6,095 6,438 “0.1
431s] 4,150} 4,145] +4.0) 40.1 0.1] 4315] 4,150] 4,145] 3,940] 49.5
15,221] 14,866] 15,343] 424] 3.1 3.1] 15,235] 14,906] 15,318] 14,023] +8.6
Electronic components . 19,737] 19,144] 18848] 43.1] +16] —-22] 20,665] 18,564] 19,624] 22,556] 8.4
Transportation equipment . 242,299] 240,253] 237,132] +09] +13] +11] 241,921} 240,680] 238,025} 209,695] 415.4
Aircraft, missiles,
ere 211,850] 209,733] 208,125] +10] +08] +15} 211,419] 210,291] 208,996} 177,901] +188
Shipbuilding and tanks ...... 17,288] 17,828| 16638] 3.0] +72] -20] 17370] 17,964] 16,705] 18,429] -5.7
Instruments and related products . 47.785) 47,835] 48.274) 0.1 09} 0.1] 47,513} 47,601] 48,179} 47,523 0.0
Search and navigation equipment 28,802] 29,267] 29,607) 1.6] -1.1 -O.1] 28,528] 29,185] 29,558] 29,660] -3.8
Measuring and controlling devices . 10,033 9,945] 10,055] +09 “Ll 1.7] 10,033 ; 10,055 9,945] +09
Medical instruments and supplies 996| 7,649] 7,683) +45) -04) 421] 7,980] 7,489] 7,620) 7,159] +115
All other durable goods ......... 7405| 7,469] 7,580] -09] 9-15] +13] = 7:988] 7,735] 8,239) 8,501 6.0
Nondurable goods industries... . . 24,017| 23,804] — 23,608 40.9 +0.8 +08] 25,114] 24,645] 24,333] 27,941] -10.1

? 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
July | June} May | June-| May-| Apr-] July} June} May| July] July
1996" | 1996"} 1996] July} June] May} 1996] 1996] 1996] 1995] 96/95] 1996] 1995
All manufacturing industries... . . 317,633] 312,139] 314,194] +1.8]  -0.7]  +2.3) 286,614] 329,757] 315,187] 263,097]  +8.9] 2,146,168 12,045,892
Manufacturing industries
with unfilled orders ........ 176,886] 174,923) 174,801] +1.1 +3.7/ 158,028] 185,417] 171,458] 144,541] — +9.3] 1,196,041 ]1,131,183

without defense capital goods

312,498] 304,030] 307,780} +2.8} +2,3) 283,332] 321,439] 310,331] 259,499) +9.2} 2,101,249 |2,010,050
+4.2) 146,998] 181,252] 170,332] 131,084) +12.1] 1,161,596 }1,092,619
+4,8) 123,247] 148,081] 136,094] 109,916} +12.1] 948,078] 883,268
+2. 6,979} 7,281 7,090] 6,584) +6.0] 46,791} 43,040
42.0) 13,781] 15,541] 15,486] 12,858) +72) 107,382} 108,505
45.41 5,801] 6,211] 6,447] 5,236] +10.8] = 44,237) 45,339
0.8] 1,180] 1,709} 1,425) 933] +26.5 10,305 8,957

Durable goods industries . .
With unfilled orders... .
Stone, clay, and glass product
Primary metals... .
Blast furnaces, steel mills
Iron and steel foundries.
Nonferrous and other primary
metals
Fabricated metal products
Industrial machinery and equipment
Engines and turbines .. .
Construction, mining and
material handling equipment .
Metalworking machinery . .
Computer and office equipment . . .
Electronic and other
electrical equipment ........... 28,019] 26,770} 25,791] +4.7| +38] -1.3) 26,297 27,791] 24,589) 24,888] 45.7] 181,516] 172,445
Electrical transmission and
distribution equipment and

172,928] 169,994] 170,287] +1.7)
140,553] 138,678] 138,742] +1.4]
6,872) 6,803 6,840] +1.0}
15,712] 15,552] 15,580] +1.0}
6,575 6,373) 6,465} +3.2
1,527] 1,602! 1,405} 4.7

bees 7,610) 7,577) 7,710) +0.4 1.7] -0.2} 6,800} 7,621 7,614] 6,689 +17 52,840] 54,209
17,646] 17,633) 18,026} +0.1 -2.2[ +34) 15,847) 18,766} 18,521} 14,713 +7.7) 120,615} 115,522
32,608] 31,688) 31,601] +29} +0.3) +1.2) 27,589) 35,801] 31,143} 23,799} +15.9] 219,590] 204,520

2,006) 1,513) 1,745] +32.6f -13.3)  +6.3} 1,521 1,990} 1,627] 1,247] +22.0, 10,870] 11,437

3,612] 3,621] 3,631] -0.2) = -0.3] +0.9) 3,022] 3,740] 3,622] 2,893] +45] 25,531] 23,874
3,405} 3,091] 3,363) +10.2] 8.1) +9.9) 2,841] 3,394) 3,303] 2,556) +112) 21,590] 21,277
9,108} 8,772] 8,352] +3.8] +5. 12) 7,276] 11,190] 7,758) 5,385} +35.1 57,699} 50,372

industrial apparatus ........... 3,477) 3,217) 3,081} +81) 44.4) 42.7] 3,224) 3,462) 3,018] 2,786} +15.7 21,848} 21,571
Electric lighting and
wiring equipment . ..... . a 2,200) 2,027) 2,012) +8.5) +0.7)  -0.5] 1,858) 2,127, 1,995| 1,657) +12.1 14,085] 13,591

Communications equipment

Electronic components . .
‘Transportation equipment . .

Aircraft, missiles,

6,520] 5,759] 5,316] +13.2] +8.3] -6.3] 5,520] 6,781 4,827) 4,389] +25.8] 39,573} 34,817
10,580} 10,437) 9,871] +1.4) +5.7})  -1.3] 11,069] 9,858} 9,391] 11,747) -5.8] 70,621 |
41,591] 41,758] 42,299] -0.4 -1.3] +14.6) 28,506] 44,359] 43,218] 22,541] +265] 281,748] 252,409

space vehicles, and parts. .....} 10,302] 9,872] 12,260] +4.4! -19.5] +61.8| 8,246] 10,764] 10,732] 5,738] +43.7] 75,840] 52,296
Shipbuilding and tanks . . 305} 2,125) 450) -85.6/ +372.2|  +1.8} 194] 2,285] 452| 377] -48.5 6,223 4,532
Instruments and related products ....) 12,798] 12,148) 12,516] +5.4|  -2.9}  -0.5] 11,342) 13,179] 12,339] 10,029] +131] 85,078] 79,787
Search and navigation equipment .| 2,133] 2,158] 2,502 -1.2] -13.7] -5.8| 1,630] 2,312] 2,310} 1,594) 42.3) 16,034) 15,114
Measuring and controlling devices .} 3,884] 3,706] 3,670] +48] +1.0| +02) 3,334) 3,959] 3,674) 3,240 © +2.9] 25,804} 25,330

Medical instruments and supplies .| 4372} 3,967] 4,096] +102] 3.1] +3.6 4,198] 4.278] 4,049] 3,296] +274] 27,586] 24,589
All other durable goods . . . ++] 17,682] 17,642] 17,634] +02] 0.0) +2.5] 16,657} 18,534] 17,946] 15,672] +6.3] 118,876] 116,391

Nondurable goods industries .

144,705] 142,145] 143,907] +1.8) 1.2) +0.3] 139,616} 148,505} 144,855} 132,013) +58] 984,572} 953,273
With unfilled orders ....

36,333] 36,245] 36,059] +0.2) +0.5) -0.1] 34,781] 37,336] 35,364] 34,625) +0.5] 247,963} 247,915

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

s.

(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 error and revision. One major component of survey error is nonsampling error,
which includes errors of coverage, response, and nonreporting. Since the survey panel is not a probability sample, estimates of sampling error cannot be calculated. Further
details on survey design, methodology, and data limitations are contained in our most recent annual benchmark publication, Current Industrial Reports: M3-1(95),
"Manufacturers’ Shipments, Inventories, and Orders: 1982-1995."


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
July} June] May | June-| May-] Apr-] July] June] May] July | July
1996" | 1996'| 1996] July | June} May| 1996"| 1996'} 1996] 1995] 96/95} 1996] 1995
All manufacturing industries... . 312,672] 308,851] 311,203] +12] 0.8] +1.0] 280,147] 330,391] 314,342] 262,199] +6.8]2,114,530]2,037,318
Manufacturing Industries
with unfilled orders ........ -} 171,925] 171,635] 171,810] +02} -0.1]  +1.3] 151,561] 186,051} 170,613] 143,643) — +5.5] 1,164,403 ]1,122,609
without defense capital goods . . . | 306,858] 302,646] 305,204] +14] -0.8] +1.0| 274,979] 323,696] 308,472| 256,828] +7.1] 2,074,033 1,995,871
Durable goods industries 168,180] 166,902} 167,487] +08] -0.3]_ +1.7| 141,000] 182,198] 169,746] 130,552] +8.0] 1,132,312 |1,087,410
With unfilled orders 135,805] 135,586] 135,942 +0.2| -0.3] +1.8} 117,249] 149,027] 135,508] 109,384] +7.2| '918,794] 878,059
Stone, clay, and glass pi 7,108] 6,902] 6,993] +3.0] -13] 43.6 6,955] 7,560] 7,193] 6,153] +13.0] 46,818] 42,526
Primary metals... .. : 15,090] 14,643] 15,059] 43.1] -2.8] 0.0] 13,515] 15,354] 15,569] 13,580]  -0.5] 104,421] 108,906
Blast furnaces, steel mills -| 6288] 6,194] 6,140] +15] 40.9} -0.5] 5,672) 6407] 6319] 5444] 44.2] 43,161] 44,560
Tron and steel foundries... 0... 1522] 1,403] 1411] +85] -0.6 +15) 1,204] 1,516] 1,520] 1001] +203] 9,641] 8,962
Nonferrous and other primary
7,280] 7,046 7,508] +33] -6.2) +0.1] 6,639] 7,431] 7,730] 7,135] 7.0] 51,619] 55,384
Fabricated metal products -} 17,488] 17,462] 17,631) +01] -1.0] +12] 15,438] 18579] 18,108] 14,582] +59] 119,135] 114,413
Industrial machinery and equipment .} 31,575] 31,952] 31,337] -1.2] +2.0| +0.5| 26,542) 36,796] 30,909] 24,372) +8.) 217,869] 199,986
Engines and turbines . - 1771] 1,769] 11636] +01] +8.1] 0.7] 1,178] 2,081] 1,566] 1,166) 9 +1.0] 11,512] 11,893
Farm and garden machinery 1917] 1,854] 1871] 43.4] -0.9} +66 1,459] 1,869] 2246) 1300) +122] 14,180] 13,416
Construction, mining and
material handling equipment 3,590] 3,569] 3,562] +06] 40.2] +0.2} 3,227] 3,870} 3,660] 3,000] -+7.6| 25,129] 23,074
Metalworking machinery ... 3,150} 3,161] 3.187] -03] 08) +13] 2/586] 3,464] 3,127] 2.516] +2.8] 20,898] 19.904
Computer and office equipment . 8501} 8,654] 8416] -1.8} +28) +0.1! 6,503] 11,262] 7,403] 5,716] +13.8] 56,888] 49,589
Electronic and other
electrical equipme: 26,780} 26,966] 26,694] -0.7] +1.0, +0.4) 23,451] 29,410] 25,941] 21,721] +8.0| 179,981! 163,686
Electrical transmission and
distribution equipment and
industrial apparatus . . 3,166] 3,169} 3,076] -0.1] +3.0) -1.5] 2,805} 3,546] 3,033] 2,721] +3.1] 21,479] 21,264
Household appliances . . . 2,044] 2,057] 2,084) -0.6{ -1.3) +2.8] 1,925] 2342] 2131] 1,804] +6.7] 14,199] 13.277
Electric lighting and
wiring equipment ............ 2,035] 2,022] 2,016) +06, +03) +15} 1,693] 2,122] 1,999) 1,609] +52] 13,700] 13,376
Household audio and
video equipment ............. 1313] 1,308] 1,287] +04) +16 -5.8] 1,180] 1,147] 1,070] 1,056] 411.7] 7,665] 6,931
Communications equipment. 6,165] 6,236] 5815] -1.1] +72) +39) S.i91] 7,193] 5,396] 4,334] +19.8] 38,842] 33,404
Electronic components 9,987] 10,141] 10,293) -1.5{ 15] -1.4} 8968) 10,918] 10,222] 8832] +15] 70,747] 62,901
Transportation equipment ..... - 39,545] 38,637] 39,671] +24] -2.6 +42! 27265] 41,704 41,988] 24,574) +11.0] 260,988] 260,859
Motor vehicles and parts... 28,748) 27,277] 27,603) +54) -1.2] +1.8] 17,874] 28.990] 30,214] 14,852] +20.3] 185,464] 181,747
8,185] 8,264] 9,208] -1.0] -10.3] +13.5] 7,118] 9,469] 8,817) 7.2471 -1.8] 55,475] 58,527
845] 935] 784] 9.6] +19.3]  -9.4] 788) 1,026] 781] 742 «+6.2) «—5,840] 5,894
12,848] 12,587] * 12,566] +21] +0.) +1.9) 11,430] 13,757] 12,587] 10,352) +10.4) 85,714] 82,184
-| 2,598] 2,498] 2,535] +40] -1.5] 0.0, 2.287] 2,685] 21565] 2,081] +99] 17,299] 17,490
Measuring and controlling devices | 3,796] 3,816] 3,840] | -0.5]  -0.6 +58) 3,246] 4,069] 3,844) 3,051] +6.4) 25,875] 24,633
Medical instruments and supplies 4,025] 4,001] 3,936] +06] +1.7] +11] 3,707] 4,409] 3,848) 3,344) +109] 27,107] 25.371
Photographic goods ..........- 2,026] 1,908] 1.883] +6.2| +13) -0.5) 1,797] 2,192] 1934] 1,557] +154) 12,857] 12,343
All other durable goods... .. -| 17,746) 17,753) 17536] 0.0] +12) +18] 16,404] 19,038) 17,451] 15,218] +7.8] 117,386] 114,850
Nondurable goods industries . .. 144,492] 141,949] 143,716] +18] -1.2] +02) 139,147] 148,193] 144,596] 131,647] +5.7] 982,218] 949,908
With unfilled orders . . 36,120} 36,049] 35,868] +02) +0.5| -0.2] 34,312] 37,024] 35,105] 34,259] +0.2| 245,609] 244.550
Food and kindred products . . 39,043] 37,955] 38,583] +29] -1.6 +03) 37,426] 38,883] 38,760] 34,644] +8.0] 262,796] 248,359
Meat products... . 9,010] 8,958] 9,029] +0.6]  -0.8} +2.1] 8,848] 9,148] 9.232] 8,398] +54] 61,458] 57,247
Dairy products . 4918} 4,788) 4,764) +27) +0.5| 43.1) 4,820] 4.972] 4,850] 4,308] +11.9) 33,003) 31,284
Beverages ... -| 5,735] 5,571] 5,643] +29] -1.3) -0.4) 6,016] 6,373] 6,123] 5,486] +9.7| 39,368] 36,560
All other foods, except fats and oils | 17,428] 16.754] 17-280] +40] -3.0 -0.6 15,790] 16,506] 16,688] 14,849| +6.3] 115,570] 110,877
Tobacco products... . -| 23847] 2,739] 2,669] +39] 42.6 -1.81 2,844] 2,777] -2,757| 2,591] +98] 18,924] 18,391
Textile mill products 6497] 6,708] 6.487) -3.1] +34) 42.11 5,721] 7,498] 6,500] 5,749] -0.5] 44,025] 45,490
Broadwoven fabrics and
other textiles ...... 3,922] 4,070} 3,945] -3.6f +32) +16] 3,302] 4,464) 4,039! 3,337] -1.0] 26,999] 28,117
Paper and allied products . 13,453] 13,326] 13,474] +1.0] 1.1] -1.1] 13,062) 13,939] 13,456] 14,051) -7.0] 94.571} 99,712
Pulp, paper, and
paperboard mill products. 5,360] 5,381] 5,413] -0.4)  -0.4 5317] 5,646] 5,431] 6,430] -17.3] 38,395] 44,174
Paperboard containers and boxes. 3,431} 3,342] 3,422] 42.7] 2.3) -1.5] 3,297] 3,466] 3,473] 3,519] -6.3] 24,417} 25,680
Miscellaneous converted
paper products .............. 4,662) 4,603] 4,639] +13] 0.8} -1.0 4,448) 4,827] 4,552) 4,102] +8.4] 31,759] 29,858
Chemicals and allied products 31,606] 30,737] 31,266] +2.8] -1.7|_ +2.2} 30,208] 32,565] 31,896] 28584] +5.7| 215,872] 210,275
Industrial chemicals 15,488] 15,263] 15,640] +15] -2.4] +29) 15,023] 16,163] 15,940] 15,106] -0.5] 107,825] 111,451
Drugs, soaps, and toiletries 11,790] 11,358] 11,580] 43.8) -1.9] +18) 11,071] 11,655] 10,768] 9.776] +132] 77,204] 70,544
Petroleum and coal products . 14,654] 14,574] 15,246] +05] -4.4} -2.3) 15,338] 15,671] 16,081] 13,087] +172] 101,835] 89,294
Rubber and plastics products 12,100] 11,884] 11,993] +18] -0.9| +0.) 10,990] 12,766] 12,494] 10,591] +3.8] 83,126] 84,159
All other nondurable goods. 24,292] 24,026] 23,998] +1.1] +0.1  -0.3] 23,558] 24,094] 22,652] 22,350] “+5.4] 161,069] 154,228

¥ Preliminary. " Revised.

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