—

5
Table 4, VALUE OF MANUFACTURERS’ INVENTORIES FOR INDUSTRY GROUPS
(Millions of dollars)
Seasonally adjusted Not seasonally adjusted
Industry Monthly Percent Change Monthly Percent
change
Oct. Sept. Aug.| Sept-| Aug-| — July- Oct. Sept. Aug. Oct. Oct.
1998" 1998" 1998] — Oct.} Sept.] Aug 1998” 1998" 1998 1997] 98/97
All manufacturing industries ..... | 471,472] 468,552] 468,445] +06 0.0} +0.2] 472,290} 467,407} 471,596] 456,570] +3.4
Manufacturing industries
with unfilled orders... . ++ | 316,890] 315,009] 314,994] +06 0.0} 40.4] 316,933] 314,283] 318,882} 303,329} +4.5
without defense capital goods .... . 452,240] 449,779] 449,439] 405] +01]  +0.1] 452,870] 448,400] 452,163] 439,760] —+3.0
Durable goods industries 298,900 | 296,757] 296,913] —+0.7 -0.1] +04] 298,963] 295,733] 299,838] 286,770] +43
With unfilled orders : 275,260) 273,277] 273,472] —+0.7 -0.1] +05} 275,510] 272,402} 276,614] 263,349] +4.6
Stone, clay, and glass products 9,231 9,237 9,164 0.1] +081] +06 8,897 9,049] 9,118 8610] +33
Primary metals . . . : 24,836] 24,898] 24,859 0.2] 402] +04) 24,700] 24,912] 24,933] 24,283 +1.7
Blast furnaces, steel mills . . 12,343] 12,398] 12,437 -0.4 03] +08] 12,350] 12,464] 12,485} 11,720] 45.4
Iron and steel foundries 1,575 1,570 1,583 +03 08 $0.8 1,539 1,540 1,556 1,524 +10
Nonferrous and other primary
metals... .. 10,918} 10,930} 10,839 0.1] +08 02} 10,811} 10,908} 10,892] 11,039 21
Fabricated metal products o 31,102 31,050 30,944 +0.2 +03 0.0 30,772 30,831 30,970 29,111 45.7
Industrial machinery and equipment : 60,892] 60,938] 60,958 -0.1 0.0) 40.1] 60,808] 60,425] 61,693] 60,162] +1.
Engines and turbines... . . - 3,949 4,022] 4,135 18 2.7 “1d 4,068 4,055 4,320 4,206 33
Farm and garden machinery .... . 3,819 3,786] 3,733] +09) +14] +12 3,602 3,546 3,486 3,358] +73

Construction, mining and

material handling equipment .. . . 8,900 8,807 8,753 +11 +0.6 +0.5 8,845 8,694 8,692 7,901] +119

Metalworking machinery ..... 7849) 7,953) 7,925] -13] +04] 421 7912] 8115] 8285] 7.412] +6.7
Computer and office equipment . . . 9,263] 9,316] 9,464) 06] 9-16} 1.7] 9363] = 9,073] 95984] 11,093] -15.6
Electronic and other

electrical equipment ........... | 40,457] 40,172] 40,526} +0.7} = 0.9] +04] 40,486] 39,852] 41,197] 40,154] 40.8,
Electrical transmission and

distribution equipment and

industrial apparatus . . . . . . 5,316 5,261 5,275 +1.0 03 -0.2 5,341 5,208 5,309 5,675 5.9
Household appliances .......... 2,438 2,401 2,378 +15 +1.0 +0.6 2,373 2,285 2,342 2,326 +2.0

Electric lighting and
wiring equipment
Household audio an

3,515 3,501 3,486 +0.4 +0.4 +0.8 3,540 3,454 3,561 3,395 +43

video equipment .. . . . 1,053 1,055 1,014 02) +40] 43.5 1,062 11 1,109 1,078 -15
Communications equipment 10,411] 10,362] 10,385} +0.5 -0.2 0.2] 10,455] 10,309] 10,596] 10,583 +12
Electronic components : 14,077 13,986 14,398 40.7 29 +0.6 14,088 13,871 14,547 13,565 43.9
Transportation equipment ........ 77,263 | 75,702} 75,812] +2.1 0.1} +10] 78,042] 75,935] 76,819] 71,399] +93
Motor vehicles and parts........ | 16,708] 16,701] 16,511 00} +12 -1.7] 16,784] 16,889} 16,842] 16,439] +2.
Aircraft, missiles,
space vehicles, and parts. 54,887] 53,441 53,872 42.7 0.2 42.0] 55,634] 53,512] 54,179] 49,725] +11.9
Shipbuilding and tanks . 1,826 1,845 1,844 -1.0 +0.1 +6.0 1,795 1,843 1,828 1,585] +13.2
Instruments and related products .... | 26,730| 26,577| 26.651] +06 -03 0.0] 26,833] 26,545] 27,121} 26,027] 43.1
Search and navigation equipment 6,784 6,705 6,721 +12 -0.2 08 6,706 6,674 6,890 6,291 +6.6
Measuring and controlling devices . 8,038 8019] 8,092] +0.2 09} 40.7] 8021 7915 8212] 7,985] -+0.5
Medical instruments and supplies . 8,525 8,524] 8,503 00} +02 -03 8,629] 8,470] 8,614 8460] +20
Photographic goods . 2,654] 2,625] 2,629) +11 02} +03 2,747) 2,734] 2,695] 2,634] +43

All other durable goods . 28,389) 28,183] 27,999] 40.7) 40.77 +0.3] 28,425] 28,184] 27,987] 27,024] +52

Nondurable goods industries ....... | 172,572] 171,795] 171,532 40.5 +0.2 0.3] 173,327] 171,674] 171,758} 169,800 42.1
With unfilled orders 41,630] 41,732} 41,522 0.2) +05 0.1] 41,423} 41,821] 42,268] 39,980] -+3.6
Food and kindred Products seve 37,510| 37,112] 3711S] +1. 0.0 -0.8| 39,509] 37,919] 36,828] 38,792] +18
Meat products ......... 4,065 4,031 4,040] +08 02 Ld 4,054 3,976 3,956 3921] +34
Dairy products ............... 3,834 3,774] 3,775] +16 0.0 -03 3,844 3,745 31844 3415] +126
Beverages ........ 8,175 8,140 8183] +04 -0.5 -0.1 8,440 8,293 7,993 8181] +3.2
All other foods, except fats and oils 19,383 19,257 19,289 40.7 0.2 0.9} 21,042] 20,160 19,368] 21,258 -1.0
Tobacco products ............. 6,025 5,783 $563] +42] +40 -18 6,154 5,577 5,234 5,890] +45
Textile mill products ........ 10,310] 10,307] 10,245 0.0 +0.6 -0.4] 10,101 10,116} 10,317] 10,002 +1.0
Broadwoven fabrics and
other textiles... 2.0... 2... 6,424 6,410 6,370 +0.2 +0.6 04 6,309 6,261 6,389 6,181 42.1
Paper and allied products . . . . os 16,514 16,527 16,643 0.1 0.7 40.4 16,251 16,344 16,602 15,737 43.3
Pulp, paper, and
Paperboard mill products ..... 6,773 6,733 6,716 +0.6 +03 40.1 6,666 6,666 6,704 6,356 +4.9
Paperboard containers and boxes . 4,212 4,235 4,343 0.5 25 40.3 4,108 4,198 4,320 3,866 46.3
Miscellaneous converted
Paper products .............. 5,529 5,559 5,584 -0.5 04} 407 5477 5,480 5,578 5,515 -0.7
Chemicals and allied Products sees | 46,403] 46,313] 46,535] +0.2 0.5] +03] 45,885] 45,777] 46,489] 43,202] +6.2
Industrial chemicals . . 20,031 20,211 20,330 09 -0.6 0.3 19,755 20,148 20,284 19,700 +03
Drugs, soaps, and toiletries . 20,580] 20,381) 20,504] — +1.0 -0.6] 40.3] 20,549] 20,203] 20,806] 18,419] +116
Petroleum and coal products : 10,873} 10,770} 10,759} +10] +0.1 -13] 10,998] 10,867] 10,828] 12,749} -13.7
Rubber and plastics products... .. . 16,598] 16,607} 16,699 “0.1 0.6} 40.3] 16,207] 16270] 16,508} 16,037} +11
All other nondurable goods - 28,339| 28,376] 27,973 Ol] +14 -0.3| 28,222] 28,804] 28,952] 27391] +3.0

” Preliminary. ‘ Revised.
Sce note at end of table 2 relating to survey error and revision.


10 Total Manufacturing
New Orders and Shipments

Three Month Moving Averages
Billions of Dollars

380 380
New Orders

360 F- - - ~~ rr rrr Shipments |—1 360

340 340

320 320

300 300

280 1 i 1 1 1 1 4 i 1 1 1 L i 280
Oct Dec Feb Apr Jun Aug Oct Dec Feb Apr Jun Aug Oct

Oct. 1996 - Oct. 1998

Total Manufacturing
Ratio of Unfilled Orders and
Inventories to Shipments

/S Ratios UO/S Ratios
2.5 3.9
Oe “vos |] 3-8
23P----------- 2c rrr rrr rer rrr rrr ree vs }43.7
22b------ 2-36
21F---- cr cr tr rt rr ty 3.5
3.4
1. 3.3
1. 3.2
1. 3.1
1. 3
1. 2.9
1. 2.8
1. 2.7
1.2 2.6

Oct Dec Feb Apr Jun Aug Oct Dec Feb Apr Jun Aug Oct
Oct. 1996 - Oct. 1998

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
Oct. Sept. Aug. | Sept- | Aug- } July- Oct. Sept. Aug. Oct. | Oct.
1998" 1998" 1998 | Oct | Sept. | Aug. 1998" 1998" 1998 1997 | 98/97
UNFILLED ORDERS
All manufacturing industries... . $25,251 | 530,266 | 530,359 09 0.0 | +03 | 522,971 | 525,390 | 529,830 | 524,156 0.2
Market categories :
Automotive equipment ......... 2,381 2,380 | 2,314 00] +29 19 | 2,358 | 2,364] 2,351 2,554 17
Home goods and apparel 8,592 8356 | 8219] +28] +17] 426] 8646] 81513 8,526 8,925 3
Consumer staples 2127 | 2271 2279 63] 04 04] 2100 | 2450 | 2,655 2217 53
Machinery and equipment . 247,092 | 250,233 | 248,931 -13] +05 | +14 | 246,868 | 249,387 | 248,666 | 2347144 45.4
Business supplies ....... . 6718 | 6886 | 6,868 24] +03 08 | 6595 | 6,994 7,200 | 6,745 22
Construction materials
and supplies 17,711 | 17,682 | 17,996 | +02] 1.7 0.7 | 17,498} 17,661 | 18,051 | 17,617 07
Defense products : 91,666 | 92,227 | 91,634 06] +06 -18 | 89,547 | 90,636 | 90,059 | 95,804 6.5
Other materials, supplies and
and intermediate products ..... . 148,964 | 150,231 | 152,118 08] -12 | -03 | 149,359 | 147,377 | 152,322 | 156,150 43
Durable goods industries :
Nondefense capital goods ° 262,916 | 266,704 | 266,583 14 0.0 262,901 | 265,900 | 265,781 | 252,792 +4.0
Excluding aircraft and parts 106,571 | 108,021 | 103,379 13] +25 106,556 | 107,217 | 104,577 | 103,128 433
Defense capital goods ‘ . . . 96,377 | 97,052 | 96,616 07] +05 94,153 | 95,442 | 95,006 | 100,376 6.2
Durables excluding capital goods 141,968 | 142,298 | 142,914 02] -04 142,695 | 139,770 | 144,064 | 145,387 -19
Miscellaneous series :
Producers’ durable equipment . . 287,207 | 289,727 | 287,265 0.9 | +09 | +09 | 287,280 | 288,929 | 287,287 | 274,411 +4.7
Household durable goods .. . . 5410 | 5,287 | 5,233 | +23] +10] +428] 5,629 |  si4g2 5,415 6,162 8.6
Information technology industries 40,231 40,060 | 39,815 404 40.6 -0.7 | 40,345 | 40,054 | 39,977 | 38,812 $39
Health care equipment
and products ........... 9,934 | 9,838 | 9,639 | +10} +21 -0.1 | 10,085 9,697 | 9,682 8,324 | +212
TOTAL INVENTORIES
All manufacturing industries 471,472 | 468,552 | 468,445 | +06 0.0 | +02 | 472,290 | 467,407 | 471,596 | 456,570 434
Market categories :
Automotive equipment . . 8340 | 8,287 | 8330] +06] -05 24 | 8,324 | 8,332 8,555 8,216 +13
Home goods and apparel 32,334 | 32,107 | 31,724 | 40.7] +12] +05 | 31,783 | 32,046 | 32355 | 30258 45.0
Consumer staples . : 73,454 | 72,651 | 72611 | +11] +01 -0.6 | 75,404 | 73,120 | 72,505 | 73,433 42.7
Machinery and eauipment 121,877 | 120,647 | 120,861 +10 -0.2 40.8 | 122,335 | 119,884 | 122,311 | 117,784 43.9
Business supplies . . . 28,343 | 28,474 | 28,140 05] +12 -0.2 | 28,483 | 28,721 | 28,490 | 27.516 +3.5
Construction materials
and supplies 28,931 ) 28,820 | 28,752} +04} +02] +07] 28,609 | 28578 | 28,760 | 27,906 42.5
Defense products . 18,955 | 18,499 | 18,740 | 425] -13 | +09] 19,105 | 18,677] 19,105 | 16635 | +148
Other materials, supplies and
and intermediate products 159,238 | 159,067 | 159,287 | +0.1 0.1 0.0 | 158,247 | 158,049 | 159,515 | 154,822 42.2
Durable goods industries :
Nondefense capital goods’ ...... 113,998 | 112,839 | 112,969 +1.0 +0.9 | 114,654 | 112,209 | 114,503 | 111,098 43.2
Excluding aircraft and parts 71,857 | 71,709 | 71,949 | +02 40.2 | 71,984 | 71,233 | 73,188 | 72,176 -03
Defense capital goods * ++ | 19,232 | 18,773 | 19006 | 42.4 +0.9 | 19,420 | 19,007 | 19.433 | 16.810 | 415.5
Durables excluding capital goods 165,670 | 165,145 | 164,938 | +03 0.0 | 164,889 | 164,517 | 165,902 | 158,862 438
Miscellaneous series :
Producers’ durable equipment . . 194,537 | 193,253 | 193,215 | +07 0.0 | +05 | 194,682 | 192,300 } 195,391 | 187,463 43.9
Household durable goods ...... . 16,555 16,393 16,164 +10 +14 +0.8 16,439 16,350 16,459 15,167 48.4
Information technology industries 32,852 | 32,769 | 33,013 | +03] -0.7 -03 | 32,989 | 32,468 | 33,956 | 34.465, 43
Health care equipment
and products ............... 19,674 | 19,564 | 19,613 | +06] -02] +01 | 19,758] 19,413 | 19,883 | 18,450 +71

See footnotes at end of table 5.

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


Table 5. VALUE OF MANUFACTURERS’

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
Oct. | Sept.] Aug. | Sept-] Aug-} July-} Oct. | Sept] Aug.| Oct. | Oct.
19987] 1998] 1998} Oct.] Sept.] Aug.| 1998] 1998] 1998] 1997] 98/97] 1998" | 1997
SHIPMENTS
All manufacturing industries... . . 340,092) 340,481] 336,445] -0.1]  +1.2} +0.3} 350,406] 364,324] 337,377] 342,277] —_ +2.4} 3,368,667 }3,265,630
Market categories :
Automotive equipment ......... 15,250] 15,157} 14,777] +0.6|  +2.6 +10.7] 17,279] 16,275} 15,005] 16,159] +6.9] 145,376] 141,569
Home goods and apparel 18,533, 18656] 18,928] -0.7]  -1.4} — -2.1] 20,603] 21,064} 20,034] 20,889] 1.4] 190,259] 184,204
Consumer staples ....... 69,249] 69,893| 69,369] -0.9] +0.8) +0.2| 71,499] 73,983] 70,871] 70,406] +1.6] 690,073] 671,521
Machinery and equipment . 66,596] 66,513] 63,815] +0.1] +42) +09] 66,037] 73,262) 60,645] 59,605} +10.8] 635,937] 584,153
Business supplies . : 25,354] 25,416] 25,432] -0.21 -0.1) -0.7}- 26,157] 26,584] 25,674] 26,435] -1.1] 254,418 251,075
Construction material
and supplies 21,660] 21,705] 21,656] -0.2} +0.2} 1.8} 22,891] 23,183] 22,766] 22,564] +14] 218,054] 212,636
Defense products . sees 7,245] 6,874] 6,975] +5.4) 1.4] 42.7] 7,177] 7,368] 6,784] 6,589] $8.9) 68,155} 64,867
Other materials, supplies and
and intermediate products . . . 116,205] 116,267] 115,493] -0.1] | +0.7] -0.2] 118,763] 122,605] 115,598] 119,630] —_-0.7] 1,166,395 11,155,605
Durable goods industries :
Nondefense capital goods * ...... 53,753] 53,419] 51,222] +06] +4.3] -0.2| 51,355] 59,943] 47,823] 45,486} +12.9] 508,164] 459,657
Excluding aircraft and parts 44,998] 45,021] 43,715] -0.1]  +3.0] -0.9] 43,029] 50,929) 40,798} 39,724] +83] 432,945] 394,848
Defense capital goods‘ ........] 7,029} 6,606] 6,688) +6.4] = -1.2} +3.0) 6,985] 7,093) 6,462) 6,208} +12.5] 64,916] 61,113
Durables excluding capital goods 132,639} 132,817] 130,879] -0.1 1.5] +1.4] 140,510] 142,000] 131,773] 136,191] +3.2} 1,309,680 1,268,889
Miscellaneous series :
Producers’ durable equipment . 126,299] 126,031] 122,178} +0.2] +3.2}  +1.5} 129,808] 137,399] 119,098} 120,511] +7.7] 1,218,065 1,144,127
Household durable goods .... . 9238} 9,231] 9,247] 40.1] -0.2| 4.0] 10,054] 10,549] 9,288) 9,887] +1.7] 92,909 .
Information technology industries . | 25,358] 25,415] 24,628} -0.2| +3.2] -0.8] 23,385] 30,210] 22,636] 21,532) +8.6] 240,648] 218,675
Health care equipment
and products... . 11,812] 12,382] 11,895] -4.6]  +4.1) — -0.6] 11,784] 13,782] 11,654] 11,414] +3.2] 118,141} 108,996
NEW ORDERS
All manufacturing industries 335,077] 340,388] 337,815] -1.6] +0.8] +0.) 347,987] 359,884] 335,916] 347,068] —_+0.3} 3,360,080 [3,280,834
Market categories :
Automotive equipment . . 15,251] 15,223] 14,733] +0.2) 43.3] +11.0] 17,273} 16,288] 14,994] 16,163] +6.9] 145,247) 141,801
Home goods and apparel 18,769] 18,792) 19,141] -0.1]  -1.8]  +0.2) 20,737] 21,051] 20,143] 20,722] +0.1] 190,349] 185,981
Consumer staples ....... 69,104] 69,884] 69,360] 1.1] +0.8} +0.1] 71,141] 73,786] 70,786] 70,246] +13] 690,124) 671,653
Machinery and equipment . 63,455] 67,815| 67,303] -6.4]  +0.8|  +7.3| 63,518) 73,983] 63,811] 64,202) —-1.1] 640,063] 593,168
Business supplies ....... 25,186] 25,434] 25,378] -1.0] +0.2]  -1.1] 25,758] 26,378] 25,567} 26,355] 2.3] 254,581] 251,334
Construction materials
and supplies 21,689] 21,391] 21,523] +14] -0.6 2.1] 22,728] 22,793] 22,543) 22,585] +0.6] 217,926] 213,845
Defense products ........ 6.685] 7,467| 5,342) -10.5] +39.8) -9.5] 6,088] 7,945] 4,068] 4,950] +23.0} 60,157] 55,670
Other materials, supplies and
and intermediate products . 114,938] 114,382] 115,035] +0.5] -0.6 1.6] 120,744} 117,660] 114,004] 121,845] -0.9) 1,161,633 ]1,167,382
Durable goods industries
Nondefense capital goods? ...... 49,965] 53,540} 55,371 -3.3]  +9.1] 48,356] 60,062] 51,767] 49,174] -1.7] 509,849] 465,278
Excluding aircraft and parts ....| 43,548] 47,663) 44,785 +6.4| 42.5] 42368] 53,569] 41,663] 41,768] +14] 436,329] 401,756
Defense capital goods * . oon 6,354) 7,042) 4,933) 442.8) -10.7] 5,696} 7,529] 3,574) 4,419) +28.9] 56,853] 51,785
Durables excluding capital goods . | 132,309} 132,201] 130,000 +17] -0.3} 143,435] 137,706] 130,000] 139,772) — +2.6] 1,309,473 ]1,286,826
Miscellaneous series :
Producers’ durable equipment 123,779] 128,493] 124,620] -3.7]) +3.1) +4.6| 128,159] 139,041] 121,434] 126,523} +1.3] 1,222,231 ]1,158,143
Household durable goods ... . . -| 9,361] 9,285] 9,388] +08 +0.2) 10241] 10,576 9,443) 9,822) +43] 92,755} 88,960
Information technology industries . | 25,529] 25,660) 24,340] -0.5|  +5.4) -0.7]_ 23,676] 30,287] 22,290) 21,475] +10.2) 243,023| 221,278
Health care equipment
and products ...... 11,908} 12,581} 11,888] 5.3] +5.8]  -3.6] 12,172] 13,797] 11,675} 11,775] +3.4) 119,762} 109,764

» Preliminary. ‘ Revised.

' Topical series are regroupings of the separate industry categories.
2 Shipments and new orders are the totals for the period and are adjusted for trading-day and calendar-month variations.
*Nondefense capital goods industries include : ordnance and accessories; steam, gas and hydraulic turbines; internal combustion engines; construction, mining, and 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 :
and tank components; and search and navigation equipment.

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

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


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 Oct. Sept. Aug. July Oct. Sept Aug. July
1998" 1998" 1998 1998 198" 1998" 1998 1998
All manufacturing industries... . 139 138 139 139 2.67 2.70 2.74 2.72
Durable goods industries . . . 155 154 1.57 158 3.13 3.17 3.24 3.23
Stone, clay, and glass products . . . . 14 114 14 112 0.82 0.83 0.84 0.84
Primary metals ©... . wees 1.70 1.67 1.65 1.65 2.00 2.05 2.10 216
Fabricated metal products . 1:54 153 1.54 152 138 138 1.40 141
Industrial machinery and equipment. 1.65 1.66 1.66 161 2 247 21 2.04
Electronic and other
electrical equipment 126 1.24 1.30 1.29 1.89 1.83 1.88 1.89
Transportation equipment . . . a 1.62 1.62 71 1.85 9.16 9.68 10.35 11.00
Instruments and related products . Lot 1.86 1.94 1.90 3.46 339 351 3.47
Nondurable goods industries . 118 1.16 1.16 1.16 0.65 0.66 0.65 0.64
Food and kindred products 0.90 0.90 0.90 0.92 (x) (Xx) (x) (X)
Tobacco products ...... 1.70 1.64 1.60 1.64 (%) (xX) (Xx) (X
Textile mill products... . . 156 139 1.53 1.48 (NA) (NA) A\ (NA)
Paper and allied products . . 1.24 122 121 119 (NA) (NA) (NA) (NA)
Chemicals and allied products 1.45 1.42 1.45 1.43 (Xx) (%) &) (X)
Petroleum and coal products 092 0.91 091 0.90 &) (x) (X) )
Rubber and plastics products . . 1.26 1.25 1.27 1.27 (xX) (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
Oct. Oct. Oct. Oct.
Oct? | 1997- Oct? | 1997- Oct? | 1997- Oct” | 1997-
Oct! | 1993-] Sept] Oct. | 1993-] Sept. | Oct. | 1993-] Sept. | Oct! | 1993-] Sept.
1998} 1997] 1998} 1998] 1997] 1998] 1998} 1997] 1998] 1998] 1997] 198
All manufacturing industries... . . (x) 0.1 0.2 (x) Ol 0.2 &) 01 01 (x) 0.1 0.1
Durable goods industries... ..... ‘| 03 02 03 -0.5 0.1 03 0.0 01 0.1 (x) 0.1 Ol
Stone, clay, and glass products . . . (X) 06 04 (x) 14 06 (X) 13 0.5 (Xx) 02 0.2
Primary metals... ........ 0.2 04 03 -13 07 07 0.6 02 02 &) Ot Ol
Fabricated metal products ........ (X) 02 02 (x) 05 03 (X) 04 02 () Ol Ol
Industrial machinery and equipment .] 6. 06 03 0.1 06 03 0.0 02 Ol &) ol 01
Electronic and other

electrical equipment ........ : 0.1 03 06 02 09 09 0.0 03 05 & 01 02
Transportation cquipment 00 04 07] 0.1 07 09 0.0 01 01 &) 04 03
Instruments and related products (xX) 0.2 0.5 (xX) Ll 1.0 (xX) 02 02 (X) 02 01
Nondurable goods industries... . . ) 02 02 & 02 0.1 (x) 0.2 0.1 (x) Ou 0.0
Food and kindred products . (x) 05 02 (x) (x) (es) (x) (xX) (xX) (xX) 0.1 01
Tobacco products ...... (x) 0.1 0.0 (x (X} (xX) (X) (xX) (X) (X) 0.0 0.1
Textile mill products . . . . (X) 02 04 (x) | A) } (Ay (x) | @NA) | (NA) (x) Ol 0.1
Paper and allied products . (xX) 0.0 02 (X) | (NA) | (NA) (X) | (NA) | (NA) (X) 0.1 01
Chemicals and allied products & 02 03 (x) (x) x) (x) (x) () (x) 01 Ol
Petroleum and coal products (xX) 03 0.2 X X) (X) (X) (X) (X) (xX) 02 04
Rubber and plastics products: - &) 02 01 &) (X) (x) (x) (x) &) &) 02 01

Capital goods industries :
Nondefense see 02 0.5 04 0.5 06 0.5 0.1 0.1 0.1 (x) 03 02
Defense ................ 0.1 09 0.7 0.0 47 2.0 0.0 03 0.1 (&) 03 0.2

(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 error and revision.


CURRENT INDUSTRIAL REPORTS

<~
Vey

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

Manufacturers’ Shipments,
Inventories, and Orders

October 1998
M3-1-(98)-10
For Wire Transmissions 10:00 a.m. E.S.T. December 4, 1998

For Data - (301) 457-4673
For Questions - Kathy Menth or Lee Wentela
(301) 457-4804 or (301) 457-4852

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

Summary

New orders for manufactured goods in October decreased $5.3
billion or 1.6 percent to $335.1 billion, the Department of Commerce,
Bureau of the Census reported today. This follows a 0.8 percent
September increase and 1s the first decline since May. Excluding
transportation, new orders decreased 1.5 percent, the second decrease
in the last three months. Year to date, new orders are 2.4 percent
above the same period a year ago.

Shipments decreased $0.4 billion or 0.1 percent to $340.1
billion, following a 1.2 percent September increase. This is the first
decline since May. Year to date, shipments are 3.2 percent above the
same period a year ago.

Unfilled orders, down five of the last six months, decreased
$5.0 billion or 0.9 percent to $525.3 billion, following a slight
September decrease. This is the largest decline since the October
1993 0.9 percent decrease. The unfilled orders-to-shipments ratio
was 2.67, down from 2.70 in September. The ratio has declined four
of the last five months.

Inventories increased $2.9 billion or 0.6 percent to $471.5
billion. This is the twenty-first increase in the last twenty-two
months. The inventories-to-shipments ratio was 1.39, up from 1.38
in September.

New Orders

New orders for manufactured durable goods in October
decreased $4.2 billion or 2.2 percent to $188.6 billion, revised from
the previously published 1.7 percent decrease. This follows a 1.3
percent September increase and is the first decline since May.

Industrial machinery and equipment, down two of the last three
months, had the largest decrease! $3.3 billion or 8.5 percent to $35.7
billion. This follows a 4.1. percent September increase.
Transportation equipment, down for the second consecutive month,
decreased $0.8 billion or 1.8 percent to $44.3 billion, mostly due to
railroad equipment and shipbuilding and tanks. This follows a 3.5
percent September decrease. Electronic and other electrical
equipment, up four of the last five months, increased $0.7 billion or
2.2 percent to $33.6 billion, mostly due to electronic components.
This follows a 5.6 percent September increase.

New orders for nondurable goods, down two of the last three
months, decreased $1.2 billion or 0.8 percent to $146.4 billion. This
follows a 0.1 percent September increase. Declines in chemicals and
allied products and paper and allied products more than offset
increases in textile mill products and food and kindred products.

Shipments
Shipments of durable goods in October increased $0.6 billion

or 03 percent to $193.4 billion, revised from the previously
published 0.6 percent increase. This follows a 2.1 percent September

increase and is the fifth consecutive monthly _ increase.
Transportation equipment, up for the third consecutive month, had
the largest increase, $1.2 billion or 2.7 percent to $47.8 billion. This
follows a 4.9 percent September increase. Primary metals, down
seven of the last eight months, decreased $0.3 billion or 2.2 percent
to $14.6 billion, following a 0.7 percent September decrease.

Shipments of nondurable goods, down six of the last seven
months, decreased $1.0 billion or 0.7 percent to $146.7 billion,
following a slight September decrease. Chemicals and allied
products, down three of the last four months, decreased $0.7 billion
or 2.2 percent to $31.9 billion. This follows a 1.3 percent September
increase. Food and kindred products, up for the third consecutive
month, increased $0.3 billion or 0.6 percent to $41.5 billion,
following a 0.4 percent September increase.

Unfilled Orders

Unfilled orders for durable goods in October decreased $4.8
billion or 0.9 percent to $501.3 billion, unrevised from the previously
published 0.9 percent decrease. This follows a slight September
decrease and is the fifth decline in the last six months.
Transportation equipment, down five of the last six months, had the
largest decrease, $3.5 billion or 1.4 percent to $247.9 billion. This
follows a 0.6 percent September decrease. Primary metals, down
eight consecutive months, decreased $1.4 billion or 4.5 percent to
$29.3 billion. This follows a 3.3 percent September decrease.
Industrial machinery and equipment, down for the first month since
July, decreased $1.3 billion or 1.8 percent to $74.3 billion, following
a 3.0 percent September increase. Electronic and other electrical
equipment, up three of the last four months, increased $1.4 billion or
2.4 percent to $60.7 billion. This follows a 0.8 percent September
increase.

Inventories

Inventories of durable goods in October increased $2.1 billion
or 0.7 percent to $298.9 billion, following a 0.1 percent September
decrease. This is the ninth increase in the last ten months.
Transportation equipment, up nine of the last ten months, increased
$1.6 billion or 2.1 percent to $77.3 billion, following a 0.1 percent
September decline.

Inventories of nondurable goods, up nine of the last ten months,
increased $0.8 billion or 0.5 percent to $172.6 billion, following a 0.2
percent September increase. Food and kindred products, up for the
first month since May, increased $0.4 billion or 1.1 percent to $37.5
billion. Tobacco products, up for the second consecutive month,
increased $0.2 billion or 4.2 percent to $6.0 billion.

By stage of fabrication, October finished goods increased 0.4
percent in durables and 0.8 percent in nondurables. Work in process
increased 1.3 percent in durables and 0.9 percent in nondurables.
Materials and supplies increased 0.2 percent in durables and
decreased 0.1 percent in nondurables.

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

‘The advance report on durable goods for November is scheduled for December 23, 1998 at 10:00 a.m. and the full report on January 7, 1999 at 10:00a.m. For sale by the Superintendent
of Documents, U.S. Government Printing Office, Washington, DC 20402. This report is available on the day of issue through the Department of Commerce's online Economic Bulletin

Board (N-8-1) (202-482-3870).


U.S. Department of Commerce FIRST-CLASS MAIL
Economics and Statistics Administration POSTAGE & FEES PAID
BUREAU OF THE CENSUS ureau of the Cen

Washington, OC 20233

OFFICIAL BUSINESS
Penalty for Private Use $300

PUBLICATION DATES FOR THE 1998/1999 MONTHLY "M3" SURVEY
MANUFACTURERS' SHIPMENTS, INVENTORIES, AND ORDERS

RELEASE DATES |
}

REPORT ADVANCE REPORT REGULAR REPORT |
COVERING (8:30 a.m. release time) | (10:00 a.m. release time)

November 1998 + Wed., Dec. 23 (10 A.M.) Thurs., Jan 7, 1999

December 1998

|
— i ~
1
i
i

Thur., Jan. 28 Thur., Feb 4

January 1999

February 1999 i Wed., Mar. 24 Wed., Mar. 31
5

March 1999 | Wed., Apr. 28 Wed., May 5

Thur., Feb. 25 Thur., Mar. 4

‘April 1999 Wed ., May 26 Thur., June 3

May 1999 | Thur, June 24 Fri, July 2

June 1999 | Wed., July 28 Wed., Aug. 4

July 1999 { Wed., Aug. 25 Thur., Sep. 2

August 1999 Wed., Sept. 29 Wed., Oct. 6

September 1999 Wed., Oct. 27 Wed., Nov. 3

October 1999 Tues., Nov. 23

November 1999 Thur, Dec. 23



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

New Orders
62E] —— | ----------------f=X\---------5 at 52
Shipments
47} - ----- 2-2 ee - - - ee -- 447
—_ _ a”

_-
a +42
87 fF -- --- 2 eee ee eee eee eee eee eee +| 37

1 L 1 1 1 1 L i L L L 1 L

Oct Dec Feb Apr Jun Aug Oct Dec Feb Apr Jun Aug = Oct
Oct. 1996 - Oct. 1998

Defense Capital Goods
New Orders and Shipments
Three Month Moving Averages

Billions of Dollars
10 10

New Orders
a woes tg

Shipments

Oct Dec Feb Apr Jun Aug Oct Dec Feb Apr Jun Aug Oct
Oct. 1996 - Oct. 1998

Note: All Charts based on seasonally
adjusted current dollars.


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

BY I

(Millions of dollars)

'USTRY GROUP

Seasonally adjusted

Not seasonally adjusted

Industry Monthly Percent Change Monthly Percent
change
Oct. Sept. Aug. | Sept- | Aug~ | July- Oct. Sept. Aug. Oct. | Oct
1998" | 1998" 1998 | Oct. | Sept. | Aug. | 19987 | 1998" 1998 1997 | 98/97
MATERIALS AND SUPPLIES
All manufacturing industries 156,194 | 156,129 | 155,669 0.0} +03 | -03 | 156,563 | 156,325 | 155,901 | 152,061 43.0
Durable goods industries . . 93,448 | 93,291 | 93,042 | +02] +403] 04] 93,940] 93,880 | 93,739 | 90,747 43.5
Stone, clay, and glass products 3,108 | 3137 | 3,081 09} +18] +16] 3114] 33157 | 3) 23982 +44
7940 | 8075 | 8016} 17] +07] -02] 8102 | 8193 | 8074] 8109 “0.1
10,750 | 10,848 | 10,675 | -09| +16] -1.0 | 10,695 | 10,884 | 10,682 | 10,115 45.7
Industrial machinery and equipment | 19'623 | 19-741 | 19:717 | -06] +01 -14 | 19:67 | 19,933 | 20,082 | 19,610 | +03
Electronic and other
electrical equipment . . . 15,972 | 15,607 | 15,729 | +23] -08 | +01 | 16065 | 15,612] 15,947 | 15,411 +42
Transportation equipment . 15,671 | 15,596 | 15,556] +05] +03] -12] 15,596] 15,596} 15,535 | 14,925 +455
Instruments and related products 9287 | 9251 297 | +04] 05] +08 241 38 733 458
Lumber, furniture and
miscellaneous durable goods . 11,097 | 11,036 | 10971 | +06] +06] +05] 11,450 | 11,238] 10,921 | 10862] +54
Nondurable goods industries . 62,746 | 62,838 | 62,627 | -01 | +03 | -0.1 | 62,623 | 62,445 | 62,162 | 61,314] 42.1
Food and kindred products « isis | 11495 | 11464 | +02] +03 | -06 | 11,838 | 11,244 | 11,103 | 11:405 +38
Tobacco products 5.238 | 5,019 | 4820 | +44] +4.1 -14 | 5184 | 4/857 | 4,619 | 5,025 43.2
Textile mill products. |? 2972 | 2989 | 2,981 06 | +03 | +01 | 2871 | 2922] 2978 | 2929 -20
Paper and allied products . . 77996 | 8059 | 8162} -08} -13] +01 | 7968} 8042 | 8110] 7,716) +33
Chemicals and allied products 15,520 | 15,574] 15,526] -03| +03] +409] 15.438 | 15,605 | 15,527} 14,641 45.4
Petroleum and coal products 3247 | 3,266 | 3320] -06 | -16] -13 | 3265 | 3240 | 3324] 3914] -166
Rubber and plastics products 6787 | 6.833 | 6.841 07) 01] +08] 6681 | 6807 | 6758 | 6.433 $3.9
Apparel, printing, and publishing
and leather goods ....... . 9471 | 9,603 | 9,513 14] +09] 08 | 9378 | 9,728 | 9,743 | 9,251 +14
WORK IN PROCESS
All manufacturing industries 153,112 } 151,227 | 152,137] +12] -06] +07 | 154,689 | 151,584 | 154,284 | 147,280] +5.0
Durable goods industries ....... 123,686 | 122,063 | 122,862 | +13] -07 | +12 | 124,287 | 122,089 | 124,932 | 117,141 +6.1
Stone, clay, and elass products : 1341 338 | 91357] +02] -14] +04] 126 130 3362 | 1,245 +16
Primary metals 8589 | 8574 | 8613 | +02] -05 0.0 | 8516 | 8582 | 81668 | 8,590 -09
Fabricated metal 9/131 005 | 9019 | +14] -02] -05 | 9179 | 91082 | 91176 | 8,629 +64
Industrial machinery and equipmet 22850 | 22,704 | 23,112 | +02] -14] +22] 22961 | 22\802 | 23,586 | 22,492 421
Electronic and other
electrical equipment 14,033 | 14,106 | 14,279 | 05} -12 | +13 | 13,983 | 14,017 | 14,470 | 13,872 +08
Transportation equipment . 52,480 | 51113 | 51.258 | +27] 03 | +19 | 53148 | 51.213 | $2,093 | 47,143 | +127
Instruments and related products ; 9904 | “91838 | 9937 | +07] -10) -0.7 | 9877} “9,749 | 10,213 | 9,850 +03
Lumber, furniture and
miscellaneous durable goods . . . 5358 | 5,295 | 5,287 | +12] +02] -05 | 5358] 5,338] 5,364] 5,320] +0.7
Nondurable goods industries . 29,426 | 29,164 | 29,275 | +09] -04] -14 | 30,402 | 29,495 | 29,352 | 30,139 | +09
Food and kindred products : 5564 | $425 | S551] +26) 23] -31 | 6350] 5575 | 5,176 | 6,672 48
Tobacco products... . 91 102 10g | -108| -56 | -10.7 106 107 108 108 “19
Textile mill products 2,646 | 2,650 | 2,669 02} 07] 03 | 2647 | 2,660} 2681 | 2,738 33
Paper and allied products’: 1549 | 11566 | 1,609 ll} 27] +16] 1484] 1s46 | 1621 11553, 44
Chemicals and allied products | 8.797 | 8621 | 8681} +20} -07] 04} 8,799] 8584} 8792] 7917] +111
Petroleum and coal products 2614 | 2,631 | 2,471 06] +65} 42] 2657} 2663 | 2,491 2/905 8.5
Rubber and plastics products. . 2219 | 2210 | 2228 | +04] -08 | +10} 2244] 2205 | 2229 | 2217 +12
Apparel, printing and publi
and leather goods... . . 5,946 | 5,959 | 5,958 02 oo} -18] 6115 | 6155 | 6254] 6029 | +14
FINISHED GOODS
All manufacturing industries 162,166 | 161,196 | 160,639 | +06] +03] +01 | 161,038 | 159,498 | 161,411 | 157,229 | 42.4
Durable goods industries 81,766 | 81,403 | 81,009 | +04] +05 | +02 | 80,736 | 79,764 | 81,167 | 78,882 +24
Stone, clay, and glass products. 4782 | 4762 | 4726 | +04] +08] -01 | 4518 |  4:586 "64 4/383 43.1
Primary metals... 2... 8307 | 81249 | 8.230 | 40.7] +02] +141 81082} 8137 | 8.191 7584 +66
Fabricated metal products 11221 | 1197 | 11250 | +02] -05 | +14] 10,898 | 10,865 | 11,112 | 10367 +5.1
Industrial machinery and equipment | 18419 | 18403 | 18129 | +01] +15] -08 | 18170 | 17,690 | 18,025 | 18,060 +06
Electronic and other
electrical equipment .......... 10,452 10,459 10,518 -0.1 0.6 0.1 10,438 10,223 10,780 10,871 40
Transportation equipment . 112 8,993 8,998 +13 0.1 0.0 9,298 9,126 9,191 9,331 0.4
Instruments and related products 7539 | 7,488 | 7.417] +407] +10} 02] 7,715 | 7529] 7520] 7444} +36
Lumber, furniture and
miscellaneous durable goods 11,934 | 11,852] 11,741 | 40.7] 409 | +05 | 11,617] 11,608 | 11,702 | 10842 | +71
Nondurable goods industries . 80,400 | 79,793 | 79,630 | +08] +02 0.0 | 80,302 | 79,734 | 80,244 | 78347] +25
Food and Kindred products - 20431 | 20,192 | 20,100) +12) +05] -03 | 21321 | 21100 | 20,549 | 20,715 +29
Tobacco products ...... 696 662 635} 451] +43] -35 864 613 307 757 | +141
Textile mill products 4692 | 4668 | 4,595] +05] +16] -08 | 4,583 | 4,534] 4,658 | 4,335 45.7
Paper and allied products . 6,969 6,902, 6,872 +10 +04 +04 6,799 6,756 6.871 6,468 $5.1
Chemicals and allied products 22,086 22,118 22,328 0.1 0.9 +0.2 21,648 21,588 22,170 20,644 +49
Petroleum and coal products 5012 | 4873 | 43968 | +29] -19} +01 5,076 | 4,964 | 5,013 | 5,930 | -14.4
Rubber and plastics products | | 7592 | 7564 | 7.630] +04] -09 | -03 | 7,282 | 7,258 | 7,521 7387 4
Apparel, printing and publishing
and leather goods .......... 12,922 | 12,814} 12,502} +08] 425] +407] 12,729 | 12,921 | 12,955 | 12,111 +5.1

? Preliminary. ‘ Revised.

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



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
Oct. Sept. Aug. Sept. Aug. July- Oct. Sept. Aug. Oct. Oct.
198" 198" 1998] Oct.| Sept] Aug.] 1998" 1998" 1998 1997] 98/97
All manufacturing industries . $25,251] 530,266] 530,359 09 0.0] +03) 522,971] 525,390] 529,830] 524,156]  -0.2
Manufacturing industries
without defense capital goods .... . 428,874 | 433,214] 433,743 10} 0.1} 40.7} 428,818] 429,948} 434,824} 423,780] +1.2
Durable goods industries ......... 501,261} 506,054] 506,113 09 0.0} +03] 499,749] $01,112] 504,851] 498,555] +02
Stone, clay, and glass Products 6,363 6,401 6,450 -0.6 0.8 07] 6,256] 6,415] 6,482 6,302 -0.7
Primary metals... . : 29,258] 30,635} 31,669 45 33 2.0] 27,718] 29,662] 31,275] 33,102] -16.3
Blast furnaces, steel mills. . 11,433] 12,254] 12,816 “67 44) 43] 10631} 11,686] 12,601] 13,271] -19.9
Iron and steel foundries 5,452 5,527 5,650 14 2.2 42.2 5,248 5,373 5,585 5,026 +44
Nonferrous and other primary
metals... : 12,373 | 12,854] 13,203 37 26] -14} 11,839] 12,603] 13,089] 14,805} -20.0
Fabricated metal products | 26250] 26218] 26523] +01 “11 -16{ 26,040] 26,247] 26,789] 26,466 -16
Industrial machinery and equipment . | 74286] 757630] 731422 -18} 43.0] +10] 74,294] 74,847] 72,505] 74,267 0.0
Engines and turbines .......... 16,745} 16,385] 13,198] 42.2] 424.1] 410.7] 17,286] 16,581] 12,906] 12,522} +38.0
Construction, mining and
material handling equipment .. . 10,014] 10,316] 10,666 29 39] 9,764] 9,894] 10,269] 9,776 -0.1
Metalworking machinery ..... 6,876) 7,135 7,335 36 ; +02] 6,876 7,135 7,335 7,674] -10.4
Computer and office equipment . . . 7,716| — 8,001 8,003 28 00} +17 7,896 7,996 8,164 8310] — -5.0
Electronic and other
electrical equipment ........... 60,691] 59,249] 58801] +24] +08 0.2] 63,002] 57,546] 59,696} 57,706] +9.2
Electrical transmission and
distribution equipment and
industrial apparatus . . . 6534) 6396] 6442] +22) -071 +01 6,469] 6,255 6,451 6,384) +13
Electric lighting and
wiring equipment ......... 5,056] 4,986] 5,186] +14 39 04} 5,056] 4,986] 5,186] 4,915] 42.9
Communications equipment 17,490] 17,120] 16,811] 422] +18 13} 17,519} 17,107] 16,790} 14,957] #171
Electronic components ....... 25,735| 25,007] 24,632) +29} +15] +1.1] 27,981] 23,475} 25,408] 24,724] +13.2
Transportation equipment ......... 247,853 | 251,394] 252,881 “14 0.6] 40.9] 245,946] 250,126] 251,682] 243,259} +1.1
Aircraft, missiles,
space vehicles, and parts. 211,441] 215,042] 217,854 -13] +09] 209,690] 213,757] 216,604] 209,323] +02
Shipbuilding and tanks ....... 18,438] 17,985] 16,951 +6.1 2.8] 18,491 18,047] 16,938] — 17,450 +6.0
Instruments and related products . 48,374] 48,402] 48,297 +02 -0.7| 48,006] 47,952] 48,013] 48,736 -15
Search and navigation equipment 27,179 27,421] 27,419 0.0) -13] 26677] 27,109} 27,080] 28,274 5.6
Measuring and controlling devices . 10,283 | 10,211] 10,283 -0.7] +03} 10,283] 10,211] 10,283] 10,635 33
Medical instruments and supplies 9,894] 9,798] 9,599 : 42.1 0.1} 10,043} 9,655 9640] 8,278] +213
All other durable goods . . . 8,186 8,125 8070] +08] +07) +03 8,487] 8317] 8,409 8,717 2.6
Nondurable goods industries ..... . 23,990] 24,212] 24,246 09 -0.1 0.6} 23,222) 24,278] 24,979] 25,601 93

° Preliminary. ‘ Revised.

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


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

Oct.| Sept.} Aug. | Sept-] Aug-| July-] Oct.| Sept] Aug.| Oct. | Oct.
1998"| 1998] 1998] Oct. | Sept.} Aug.] 19987] 1998} 1998] 1997] 98/97] 1998" | 1997

All manufacturing industries ... . . 335,077] 340,388} 337,815) -1.6) +0.8] —+0.9] 347,987] 359,884] 335,916] 347,068 +0.3 | 3,360,080 |3,280,834
Manufacturing industries

with unfilled orders ............{ 191,889) 196,313] 195,037 -2.3) +0.7] +0.6) 197,877] 208,650] 190,421] 196,482 +0.7] 1,921,621 1,846,171
without defense capital goods . . . . . | 328,723] 333,346] 332,882! 1.4) +01) +1.1) 342,291] 352,355] 332,342] 342,649} -0.1 | 3,303,227 |3,229,049

Durable goods industries . 188,628] 192,783] 190,304) 2.2} +1.3| +20) 197,487] 205,297} 185,341] 193,365] +2.1| 1,876,175 |1,803,889
With unfilled orders - s+ +++ 155,438] 159,457] 157,680] -2.5) #1.1] +1.2| 160,904] 170,234] 152,169] 157,954] — +1.9] 1'548,904 |1.482.434
Stone, clay, and glass products .....] 8,077] 8,028] 7,967] +0.6| +08} -2.7| 8,608] 8,541] 8.345] 8.240] +4.5} ” 80.837| 75.944
Primary metals ...... ve+esf 13,239) 13,917) 14,413] -4.9] -3.4) +10 12/993} 13,789) 14,148] 15,919] -18.4| 147,444] 162,917
Blast furnaces, steel mills 4,929) 5,347) 5,523] -7.8| -3.2} +2.6 4,800] 5,088] 5,356] 6,694] -283] 58,825] 66.268
Iron and steel foundries 1,415] 1,384] 1,592) 42.2] -13.1] +162) 1,478) 1378] 1,564) 11555] 5.0] 15,071] 14,895
Nonferrous and other primary

metals... 2.0... +--+] 6895] 7,186] 7,298] 4.0] -1.5]  -3.01 6,715] 7,323] 7,228] 7,670] -125] 73,548] 81,754
Fabricated metal products =| 20,209) 19,930] 19,693) +14) +12} -2.2| 21,163) 20,918] 20.076] 20,380] +3.8) 199.957] 191/844
Industrial machinery and equipment .} 35,665] 38,983] 37,450] 8.5 +4.1] -0.5] 34,889] 43,032] 34,642] 34,829] +02] 368.524] 338,828
Engines and turbines... ... --| 2,759] 5,395 3,541] -48.9] +52.4 +33.9) 2,954] 6,143] 3,423] 2.413] +224] 26.654] 19.077
Construction, mining and
material handling equipment ....} 3,806] 3,906] 3,876} -2.6 +08] -9.7] 3,921] 3,905] 3,503) 4,445| 11.8] 42,229] 39,233
Metalworking machinery -| 3,303) 3,315] 3,479] -0.4)  -4.7}  -0.7] 3,601} 3,781] 3,313] 3,627] 0.7] 33.911] 33,301
Computer and office equipment ...] 11,069] 10,867] 11,112) +1.9]  -2.2)  -1.3) 9,621] 13,623] 9/897] 8103] +18.7| 105.387] 88,106
Electronic and other
electrical equipment ........... 33,596] 32,870] 31,116] +2.2} +5.) -5.2| 37,869] 34,517] 29,587] 33,018 +14.7] 314,695] 296,197

Electrical transmission and
distribution equipment and
industrial apparatus . . . . . tee 3,748] 3,876) 3,725 33) +41 -l 3,724) 4,221 3,634 3,148) +183 36,816] 34,273
Electric lighting and

wiring equipment .

wee 2,331] 2,082] 2,224] +12.0]  -6.4/ +0.5} 2,301] 2,340] 2,198] 2,393] -3.8] 22,250] 21,926
Communications equipment . 7,713} 7,940] 6,779] -2.9] +17.1) +49) 7,421] 9,120] 6,084) 6,177] 420.1] 71,062] 63,872
Electronic components . . ++ | 14,342] 13,655) 13,245] +5.0} 43.1] -12.6/ 18,159] 12,937] 12,314] 15,148] +19.9| 132/414] 122'974
Transportation equipment... 2.2... 44,293] 45,101] 46,745] 1.8] -3.5| +17.5] 47,403] 47,885] 45,717] 46,652] +1.6] 431.821] 410,239
Aircraft, missiles,
space vehicles, and parts.
Shipbuilding and tanks

9,051 9,109] 13,106] -0.6] -30.5] +28.8) 8,185, 9,924) 11,650} 9,740] 16.0] 101,368] 91,034
1,892] 2,107) 519] -10.2} 306.0) +39.1| 1,917} 2,217] 456 404) 374.5 9,936 6,740

Instruments and related products ....} 13,952} 14,403} 13,385} 3.1] +7.6|  -4.2} 13,718} 15,653] 12,764] 13,749] -0.2] 136,856] 135.307
Search and navigation equipment .| 2,935] 3,044] 2,743] -3.6] +11.0/ +16 2,655] 3,407} 2433] 2488) +6.7| 27.659 27,067
Measuring and controlling devices . 3,978] 3,942] 3,850) +0.9} +24) -8.2| 3,885] 4,324] 3,806] 4,518] -14.0] 39,682] 41,676
Medical instruments and supplies .} 4,581] 4,867] 4,344] -5.9] +12.) -10.4] 4.678] 5,150] 4.237] 4595] +18] 46,081| | 42:487

All other durable goods ..........} 19,597} 19,551) 19,535} +0.2) +01] -1.4) 20,844] 20,962] 20,062] 20,578} +13] 196,041] 192/613

Nondurable goods industries .

146,449} 147,605] 147,511 0.8) +0. -0.5} 150,500] 154,587) 150,575] 153,703
With unfilled orders .

36,451} 36,856) 37,357) -1.1 13) -1.8] 36,973) 38,416} 38,252] 38,528!

1,483,905 }1,476,945
372,717] 363,737

&S
af

’ 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 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(96),
“Manufacturers” Shipments, Inventories, and Orders: 1987-1996."


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

SHIPMENTS

FOR INDUSTRY GROUPS

Seasonally adjusted

Not seasonally adjusted’

Monthly Percent Change Monthly Percent Year to date
Industry change
Oct] Sept.] Aug. | Sept.-] Aug-] July-} Oct.] Sept.] Aug. | Oct. | Oct.
1998" | 1998'] 1998] Oct.] Sept.} Aug.| 1998°] 1998'| 1998] 1997] 98/97] 1998") 1997
All manufacturing industries... . . | 340,092} 340,481] 336,445] -0.1]_ +1.2| +0.3) 350,406] 364,324) 337,377] 342,277] +2.4) 3,368,667 [3,265,630
Manufacturing Industries
with unfilled orders : 196,904} 196,406] 193,667] +03] +1.4) — -0.4] 200,296] 213,090] 191,882] 191,691] +4.5] 1,930,208 ]1,830,967
without defense capital goods . . . | 333,063] 333,875] 329,757 2| +1.2)  +0.3] 343,421] 357,231] 330,915] 336,069] — +2.2) 3,303,751 )3,204,517
Durable goods industries 193,421] 192,842] 188,789] +0.3] +2.1]  +1.0] 198,850] 209,036] 186,058] 187,885] — +5.8] 1,882,760 1,789,659
With unfilled orders : 160,231] 159,516] 156,165] +04] +2.1] 0.0] 162,267] 173,973} 152,886] 152,474] +6.4 1,555,489 }1,468,204
Stone, clay, and glass products . . 8115} 8,077] 8,014) +05} +08) -1.1] 8,767] 8,608] 8,424) 8,305] +5.6| 80,757] 76,146
Primary metals . see 14,616} 14,951] 15,056} 2} -0.7| +0.6 14,937] 15,402} 14,961] 16,264] -8.2} 154,064] 159,082
Blast furnaces, steel mills 5,750} 5,909] 6,104] 7] -3.2} +1.6 5,855] 6,003} 6,058] 6,590] -11.2] 62,552] 64,897
Iron and steel foundries 1,490} 1,507} 1,473] -1.1] +23) +0.3) 1,603] 1,590} 1,495] 1,591] +0.8] 15,299) 14,171
Nonferrous and other primary
metals.............05 7,376} 7,535) _7,479) +0.7] -0.2) 7,479] 7,809] 7,408] 8,083} --7.5| 76,213) 80,014
Fabricated metal products 20,177] 20,235} 20,114] +0.6| -1.0) 21,370] 21,460] 20,575] 20,419} +4.7] 200,267) 189,281
Industrial machinery and equipment 37,009] 36,775] 36,711] +0.6f +0.2| 2.9] 35,442] 40,690] 34,028] 33,894] © +4.6/ 367,655] 337,631
Engines and turbines ......... 2,399] 2,208) 2,267] +8.7|  -2.6 +1.0] 2.2491 2,468] 2,008} 1,987] +13.2) 21,902] 19,529
Farm and garden machinery ..... 1,729] 1,890] 1,951] -8.5] 3.1] -7.5] 1,587] 1,744) 1,562} 1,843] -13.9] 21,248] 20,106
Construction, mining and
material handling equipment ....] 4,108} 4,256] 4,308) -3.5]-1.2}-5.1] 4,051] 4,280] 4,120] 3,944) +2.7] 42,831] 38,076
Metalworking machinery _ 3,562 3,515] 3,464] +13] +15] +03] 3,860] 3,981] 3,298] 3,670] +52] 34,184] 33,842
Computer and office equipment ...| 11,294] 10,869} 10,981] +3.9) -1.0} -2.4] 9,721) 13,791) 9,818] 8,189] +18.7] 105,123] 89,776
Electronic and other
electrical equipment ........... 32,154} 32,422) 31,228] -0.8)  +3.8) 0.0} 32,413) 36,667) 30,345) 30,031 +7.9} 304,999] 286,794
Electrical transmission and
distribution equipment and
industrial apparatus 3,610} 3,922] 3,719] -8.0) +5.5]  -2.3) 3,510) 4,417] 3,633) 3,471] +1.1] 36,865] 34,500
Household appliances . 2,048} 2,101] 2,077] -2.5] +1.2| -5.4] 2,067] 2,279] 2,097] 2,088] 1.0] 20,896] 19,415
Electric lighting and
wiring equipment ...... . 2,261) 2,282] 2,245) -0.91 +16 +0.1] 2,231] 2,540 2,219] 2,197] +1.5] 22,121] 21,521
Household audio and
video equipment 993] 9741 1,004] +20) -3.0]  -2.8] 1,311] 1,188] 1,065] 1,322) -0.8] 9,964) 9,614
Communications equipment 7,343| 7,631) 7,007] 8] +89] +33] 7,009] 8,803) 6,321] 6,380] +9.9) 67,874] 61,341
Electronic components 13,614] 13,280] 12,983] +2.5] +23] 0.0} 13,653] 14,870] 12,855] 11,985] +13.9) 125,973] 117,866
‘Transportation equipment .. . 47834) 46,588) 44,403] +2.7] +4.9| +9.5| 51,583) 49,441] 44,265] 44,797] +15.1] 440,392] 416,131
Motor vehicles and parts . . 31,566] 31,061) 30,017] +1.6] +3.5| +10.8} 35,585} 32,753] 30,383] 32,999] +7.8) 298,681} 290,692
Aircraft, missiles,
space vehicles, and parts. 12,652} 11,921] 11,069] +6.1] +7.7] +4.8| 12,252] 12,771] 10,508] 8,975] +36.5] 109,798] 97,073
Shipbuilding and tanks . . 1,439] 1,073] 1011] +34.1) +6.1) +131] 1,473) 1,108] 1,003 836] +76.2} 9,875] 8,754
Instruments and related products . 13,980] 14,298] 13,749] +4. -2.1] 13,664] 15,714] 13,346] 13,858] -1.4] 138,979} 134,228
Search and navigation equipment 3,177| 3,042) 3,116] -2.4| +1.0| 3,087] 3,378] 3,038] 2,955] +45] 30,225] 27,511
Measuring and controlling devices 3,906] 4,014) 3,824] +5.) -5.9] 3,813] 4,396] 3,780] 4,207) -9.4] 40,252] 41,469
Medical instruments and supplies 4,485] 4,668] 4,350) +73) -2.8) 4,290] 5,135] 4,215} 4,234) +13] 44,462] 41,735
Photographic goods .... . 1,959] 2,118] 2,009] +5.4] +2.0/ 2,032 2,328] 1,866] 2,034) -0.1] 19,477] 19,291
Alll other durable goods . 19,536] 19,496] 19,514] -0.1] -1.9] 20,674) 21,054] 20,114] 20,317) +1.8] 195,647] 190,366
Nondurable goods industries . 146,671] 147,639] 147,656] -0.7] 0.0} -0.6] 151,556] 155,288] 151,319] 154,392) 1.8] 1,485,907 1,475,971
With unfilled orders . . . 36,673] 36,890] 37,502) 0.6] -1.6| -2.1] 38,029) 39,117] 38,996] 39,217) -3.0} 374,719] 362,763
Food and kindred products 41,539] 41,272] 41,117] +0.6] +04] +1.4) 43,130} 43,044) 41,924] 40,655] +6.1] 407,588) 390,214
Meat products ...... 8,719] 8,786] 8,821] -0.8) -0.4] +14] 8,825] 8,946] 9,148) 8,700) +14] 87,231) 85,724
Dairy products 6,443] 6,578] 6,282] -2.1)  +4.7] 42.0] 6,345} 6,752 6,330] 4,942) +28.4} 61,277] 48,966
Beverages . . _ 6,193] 6,206} 6,094] -0.2) +1.8] +04] 6,143] 6,381] 6,553] 6,113] +0.5} 61,648] 59,222
All other foods, except fats and oils | 18,117] 17,691] 17,870] +24] -1.0]_ +1.0} 19,750} 18,954] 17,843) 18,813] —+5.0] 176,785] 176,366
Tobacco products ............ 3,539] 3,523] 3,479] +05] +13) +1.0) 3,659] 3,522} 3,611] 3,430] +6.7] 34,367) 31,919
Textile mill products ..... . 6,593) 6,491} 6,694] +1.6]  -3.0] -3.5] 6,871) 7,129} 7,040] 7,312) -6.0) 68,301) 70,363
Broadwoven fabrics and
other textiles 3,938] 3,927) 3,966} +03 44] 3,986] 4,311] 4,086) 4,413] -9.7] 41,273] 42,897
Paper and allied p: 13,367] 13,518] 13,761] -1.1 -1.2) 13,662) 13,981] 14,037} 14,311] -4.5] 138,804} 134,359
Pulp, paper, and
paperboard mill products ..... 5,122] 5,115] 5,267] +01] -2.9]  -0.8) 5,232] 5,256] 5,383} 5,734] -8.8] 53,655] 53,615
Paperboard containers and boxes ..] 3,424] 3,461] 3,586] -1 3.5] -3.7| 3,534] 3,527] 3,666] 3,616] -2.3] 36,098] 33,616
Miscellaneous converted
paper products _ 48211 4,942) 4,908} 4] +07] +03] 4,896] 5,198] 4,988] 4,961] -1.3] 49,051] 47,128
Chemicals and allied products 31,904] 32,616] 32,204] 2] +13] -0.8] 31,426) 34,084] 31,647] 32,330] -2.8] 327,255] 325,736
Industrial chemicals 14,617] 14,675] 14,685 4] 0.1) 1.8] 14.374] 14,920] 14,726] 15,831] -9.2] 151,702} 162,392
Drugs, soaps, and toiletries 13,487| | 14,212] 13,897] al] +23] +0.8] 13,787] 15,956] 13,690] 13,193] +4.5] 135,602} 123,592
Petroleum and coal products . 11,757] 11,885] 11,759 al] +1a]-3.2| 12,438) 12,436] 12,364) 15,454] -19.5) 124,091] 149,297
Rubber and plastics products 13,195] 13,282] 13,196 7] +07] +0,7| 13,693) 13,875] 13,451} 13,814] -0.9] 133,358] 131,910
All other nondurable goods 24,777] 25,052| | 25,446 ll -1.5} -1.7], 26,677) 27,217| 27,245] 27,086) -1.5] 252,143] 242,173

T 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 error and revision.