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

Seasonally adjusted Not seasonally adjusted

Industry Monthly Percent Change Monthly Percent

change

Jan. Dec. Nov.|  Dec-] Nov} Oct- Jan. Dee. Nov. Jan. Jan.

1995? 194° 1994 Jan.| — Dec.} Nov. 1995" 194° 1994 1994} 95/04

All manufacturing industries . 395,886 | 391,810] 389,988 +1.0 +0.5 +05] 394,861] 384,058} 390,592] 377,539 44.6
Manufacturing industries

with unfilled orders 5 263,439] 260,413] 259,122] +12] +05] +05] 261,275] 253,369) 259,074] 248,226] +53

without defense capital goods 373,159 | 369,065] 367,033] +1.1] +0.6) ~—-+0.6| 372,725] 362,307] 367,459] 351,773] — +6.0

Durable goods industries cesses f 250,432] 247,644] 246,374, +11] 40.5] 40.6] 249,246] 241,784] 246,942] 236,590] +53

With unfilled orders os 229,123 | 226,438 +12 +0.5 +0.6{ 227,281 | 220,503} 225,732] 215,512 45.5

Stone, clay, and glass products ..... 771 7,653 40.8 +11 40.5 1,166 7,541 7,367 7,571 +2.6

Primary metals . .
Blast furnaces, steel mills. os
Iron and steel foundries ...... 1,597 1,603

+15 +15 +14] 21,157] 20,749] 20,479} 19,459 48.7
+12 +0.2 +0.5 10,104 9,987 9,883 9,700 +42

: R 04] +09} 42.1 1,592 1,581 1,554 1,426] +116

Nonferrous and other primary
metals ..... : 9,595 9,390 422) +30] 423 9,461 9,181 9,042 8,333] +135
Fabricated metal products... 24,371) 24,149 40.9 +13 +0.7} 24,400] 23,714] 23,508] 22,994 +6.1
Industrial machinery and equipment 50,926} 49,654 42.6 -0.1 +0.9] 50,742] 48,269] $0,366] 46,492 49.1
Engines and turbines ...... 3,822 3,838 -0.4 43.0 +13 3,614 3,503 3,900 3,305 49.3
Farm and garden machinery . . 2,846 2,828 +0.6 437 42.9 3,102 2,995 2,815 2,667] +163

Construction, mining and

material handling equipment ... . 6,204 6,178 $0.4 0.3 42.7 6,216 6,053 6,134 5,653] +10.0
Metalworking machinery ....... 5,804 5,706 5 +17 +14 +0.6 5,711 5,479 5,645 5,182] +102
Computer and office equipment . . . 11,834] 10,961 11,358 +8.0 3.5 0.6) 11,574] 10,411 11,748] 11,004 +5.2
Electronic and other
electrical equipment ..........- 41,245] 40,393] 39,699] 42.1] 41.7] 41.5] 40,783] 39,007] 39,456] 33,834] +205

Electrical transmission and
distribution equipment and

industrial apparatus 4,777 4,708 4,645 +15 +14 +0.7 4,696 4,552 4,650 4,161 412.9

Household appliances 2,833 2,774 2,797 42.1 08 +0.9 2,830 2,552 2,683 2,597 +9.0
Electric lighting and
wiring equipment ... . . : 3,141 3,088 3,050] +17] +12] +06 3,053 2,937 3,033, 2,850) +7.1
Household audio and
video equipment ... . 1,349 1,295 1261] +42] 42.7) 44.5 1,288 1,212 1,200 979] 431.6
Communications equipment . 12916] 12,503} 12,078] 43.3] +35] +24] 12,877] 12,072] 11,977 9,290] +38.6
Electronic components . - | 12680) 12,493) 12.405] +15] 40.7] 0 #14] 12,579] 12,283] 12,04] 10,842] +16.0
Transportation equipment . . . : 58,811 58,657 58,820 +03 03 0.5 58,476 57,197 59,697 61,375 4.7
Motor vehicles and parts... . . . 12,151 12,036 11,913 +1.0 +1.0 +0.9 12,281 11,974 12,231 11,719 +4.8
Aircraft, missiles,
space vehicles, and parts. ...... | 42,220] 42,248] 42,557 0.1 0.7 13] 41,662] 40,913] 43,151 | 45,474 -84
Shipbuilding and tanks 1,525 1,519 1,485 +04 $23 +0.1 1,509 1,451 1,439 1,551 27
Instruments and related products 21,824] 21,907] 21,962 0.4 03] +04] 21,330] 21,267] 22,067] 21,393 -03
Search and navigation equipment 5,531 5,601 5,544 12 +10 +11 5,326 5,434 5,552 5,456 24
Measuring and controlling devices . 6,761 6,704 6,668 +09 40.5 +07 6,693 6,560 6,693 6,376 45.0
Medical instruments and supplies. 6,141 6,193 6,207 08 0.2 -0.3 6,024 6,058 6271 6,022 0.0
Photographic goods . : 2,498 2,503 2,651 0.2 5.6 -0.8 2,401 2,321 2,662 2,741 12.4
All other durable goods ....... 24,456] 24,459] 24,315 0.0 +0.6 40.7) 24,592} 24,040] 24,002) 23,472 44.8

Nondurable goods industries

145,454] 144,166] 143,614 +09 +04 +0.3] 145,615] 142,274] 143,650] 140,949 43.3
With unfilled orders . . .

34,316 33,975 33,835 +10 +04 +04 33,994 32,866 33,342 32,714 43.9

Food and kindred Products 31,126] 30,860] — 30,923 40.9 0.2 08} 31,634] 31,171 32,416] 30,600 $34
Meat products . een 3,457 3411 3371] +13] +12 -13 3,384 3,202 3,383 3,207] +55
Dairy products ..... vee 2,791 2,784 2,765 40.3 +0.7 40.8 2,707 2,613 2,680 2,633 42.8
Beverages . . . 5,294 5,138 5,254] +3.0 22 -1.0 5,320 5,134 5,338 5,394 -14
All other foods, except fats and oils 17,961 17,894 17,910 +0.4 -0.1 08 18,482 18,517 19,285 17,516 45.5

Tobacco products tees 5,678 5,780 5,738 18) 40.7) 421 6,013 5,966 5,683 6,413 62

Textile mill products... . 9,794 9,817 9,805 0.2 +0.1 +10 9,754 9,345 9,525 9,594 +17
Broadwoven fabrics and —

other textiles ....... vee 5,497 5,482 3462] +03] +04] +02 5,530 5,265 5,397 3420] +20

Paper and allied products sees 13,839] 13,612] 13,514] 41.7] +07 00} 13.946] 13.432] 13,349] 13,444] 43.7

Pulp, paper, and

paperboard mill products .. . 5,413 5,352 $421] +11 -13 -0.7 5,456 5,290 5,330 5,849 “6.7
Paperboard containers and boxes . . 3,588 3,510 3,443) 422) 419] 415 3,671 3,525 3/389 3,087] +18.9
Miscellaneous converted

Paper products . : 4,838 4,750 4650] +19] +22 02} 4,819 4,617 4,630 4,508] +69

Chemicals and allied products |... 34,314] 34,295] 34,000 40.1 +0.9 +03] 34,401 34,162] 33,829 34,189 40.6
Industrial chemicals . . . an 16,766 16,617 16,320 +0.9 +18 40.9 17,051 16,753 16,181 16,623 42.6
Drugs, soaps, and toiletries 13,057 13,202 13,247 ald 0.3 03 12,626 12,838 13,239 13,002 29

Petroleum and coal products : 10,920 10,530 10,450 43.7 +0.8 +0.9 10,528 10,058 10,650 9,612 49.5

Rubber and plastics products : 13,271 13,043 12,828 +17 +17 +0.2 13,502 13,051 12,760 12,445 48.5

All other nondurable goods ..... . 26512] 26,229] 26356] +1.1 05} +11] 25,837) 25,089] 25,438] 24,652} +4.8

" 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

340 340
New Orders
320 F- - ---- 2-22 errr rrr rrr eee ee 4 Shipments |1 320
300 300
280 280
260 260
240 1 1 1 L 1 i L 1 it 1 1 i 1 240
Jan Mar May Jul Sep Nov Jan Mar May Jul Sep Nov’ Jan
Jan. 1993 - Jan. 1995
Total Manufacturing
Ratio of Unfilled Orders and
Inventories to Shipments

V/S Ratios UO/S Ratios
2.5 4.1
2.4 4
2.3 3.9
2.2 3.8
2.1 3.7

2 3.6
1.9 3.5
1.8 3.4
1.7 3.3
1.6 3.2
1.5 3.1
1.4 3
1.3 2.9
1.2 2.8

Jan Mar May Jul Sep Nov Jan Mar May Jul Sep Nov Jan
Jan. 1993 - Jan. 1995
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
Jan. Dec, Nov. | Dec- | Nov- | Oct- Jan. Dec. Nov. Jan. Jan.
1993" 1994" 1994 | Jan. | Dec. | Nov. 1995? 1994" 1994 1994 | 95/04
UNFILLED ORDERS
All manufacturing industries 460,789 | 456,838 | 453,378 +0.9 +0.8 +0.6 | 461,162 | 451,768 | 447,692 | 447,135 43.1
Market categories :
Automotive equipment . 2,178 2,164 2,121 40.6 | +20] +08 2,202 2,146 2,099 1,968 | +119
Home goods and apparel 10,173 9,882 | 10,173 42.9 29 08 9,673 8,328 9,048 9,701 -03
Consumer staples : 1,607 1,578 1608} +18] -19] 439 1,637 1,632 1,605 1427 | +147
Machinery and equipment . . . 182,997 | 181,538 | 182,713 | +08] -06] +0.9 | 183,338 | 180,833 | 182.627 | 182,725 +03
Business supplies ...:... 6,030 | 5,903 5867 | 422} +406] +14] 5,945 5810} 5,712 | 5,314] +119
Construction materials
and supplies .............. 16,236 | 15,884 | 15,674 | +224 +13] +10] 15910 | 15,440 | 15,256 | 13,956 | +140
Defense products 105,955 | 106,404 | 103,543 04] +28 -12 | 107,074 | 107,239 | 102,422 | 112,397 47
Other materials, supplies and
and intermediate products . 135,613 | 133,485 | 131,679 | +16] +14 | +14 | 135,383 | 130,340 | 128,923 | 119,647 | +13.2
Durable goods industries :
Nondefense capital goods * ..... . 202,153 | 200,256 | 201,518 | +09] -06] +09 | 202,838 | 199,916 | 201,886 | 200,098 +14
Excluding aircraft and parts. . 93,828 | 91,347 | 90,926 42.7 40.5 +13 | 94,513 | 91,007 | 91,294 | 77,359 | +222
Defense capital goods ‘ . . 111,926 | 112,479 | 109,591 05] +26]  -1.1 | 112,927 | 113,105 | 108,432 | 118,322 4.6
Durables excluding capital goods 120,602 | 118,570 | 117,186 +17 +12 +12 | 120,197 | 114,427 | 113,377 | 107,321 +12.0
Miscellaneous series :
Producers’ durable equipment 217,443 | 215,516 | 216,019 +0.9 0.2 +0.9 | 217,793 | 213,714 | 215,250 | 210,399 43.5
Household durable goods 009 | 6,133 6,188 20} 09} +04] 5.838 5,197 | 5,562 | 5,501 +6.1
Information technology industries 38,125 | 37,321 | 36,579 | 422] +20] +04] 37,672 | 36,929 | 37,053 } 32,104 | +173
Health care equipment
and products ieee 6,357 6,323 6,514 40.5 2.9 ld 6,355 6,323 6,515 7,653 -17.0
TOTAL INVENTORIES
All manufacturing industries 395,886 | 391,810 | 389,988 +1.0 +05 +0.5 | 394,861 | 384,058 | 390,592 | 377,539 +46
Market categories :
Automotive equipment 6395 | 6318 | 6.245 | +12] +12] +07] 6534 6,255 6,358 6,209 45.2
Home goods and apparel 32,501 | 32,151 | 32263} +11 -03 | +13 | 32,141 | 30,790 | 30,904 | 30,255 +62
Consumer staples . . . 58,565 | 58,249 | 58,133 | +05] +02 0.0 | 58,585 | 57,919 | 59,476 | 57,468 +19
Machinery and equipment . 96,450 | 95,115 | 94,747] +14] +04] +09] 95.771 | 92345 | 95.676 | 88,055 48.8
Business supplies . 21,973 | 21,737 | 21,552] +11} +409] +07} 21,670 | 21,046 | 21,478 | 20650 +49
Construction materials
and supplies 25,376 | 25,403 | 25,073 01} +13 25,352 | 24,839 | 24,638 | 24,339 +42
Defense products . 22,024 | 22,024 | 22,171 00) -07 21,524 | 21,164 | 22,271 | 24,602 | -12.5
Other materials, supplies and
and intermediate products . 132,602 | 130,813 | 129,804 | +14] +08] +05 | 133,284 | 129,700 | 129,791 | 125,961 +58
Durable goods industries :
Nondefense capital goods * .... . . 91,270 | 89,621 | 89,280] +18] +04] +08 | 90,458 | 86812 | 90,103 | 82,623 49.5
Excluding aircraft and parts 65,314 | 63,586 | 63,172 $2.7 40.7 +13 | 64,592 | 61,295 63,655 56,456 +14.4
Defense capital goods ‘ . . 22,727 | 22,745 | 22,955 0.1 09 -18 | 22,136 | 21,751 | 23,133 | 25,766 | -14.1
Durables excluding capital goods 136,435 | 135,278 | 134,139 | +09] +08 | +09 | 136.652 | 133,221 | 133,706 | 128201 +66
Miscellaneous series :
Producers’ durable equipment . 155,280 | 153,269 | 152,397 +13 +0.6 +0.9 | 154,452 | 149,283 | 153,102 | 142,180 +8.6
Household durable goods ... . .. 14,462 | 14,297 | 14,199 | +12 | +07] +14 | 14376 | 13,687 | 13,803 | 13,427 471
Information technology industries 34,728 | 33,384 | 33,373 +4.0 0.0 +0.7 | 34,203 | 32,052 | 33,757 | 30,200 +133
Health care equipment
and products ....... 13,250 | 13,377 | 13,412 09} 03 03 | 12,906 | 13,047 | 13,471 | 13,088 14

See footnotes at end of table 5.

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


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

Seasonally adjusted

Not seasonally adjusted *

Monthly Percent Change Monthly Percent Year to date
Industry change
Jan] Dec. Nov. | Dec. | Nov.-] Oct-] Jan} Dec.] Nov. }  Jan.} Jan.
1995"| 1994"] 1994] Jan. | Dec.} Nov.] 1995°] 1994'] 1994] 1994] 95/04] 1995P | 1994
SHIPMENTS
All manufacturing industries 297,340} 296,053] 291,191] +0.4] +1.7]  +2.5] 267,901} 290,089) 292,557] 241,178] +11.1] 267,901) 241,178
Market categories :
Automotive equipment . 14,796] 14,957] 14,708} 1.1] +1.7] +81] 13,471] 13,082] 15,022} 12,525] +7.6) 13,471) 12,525
Home goods and apparel 19.766] 19.726} 19,124] +0.2] +3.1] -1.7| 17,087] 17,052} 20,193] 15,581] +9.7) 17,087) 15,581
Consumer staples ............ 60,563} 61,000] 59,965} -0.7| +1.7) +1.7] 55,535] 61,515] 60,656] 52,830 +5.1] 55,535} 52,830
Machinery and equipment 52.115 52,007| 51,572] +02] +0.8] +3.1] 44,656] 56,859} 51,474) 40,000] +11.6] 44,656] 40,000
Business supplies . 22,092] 22,065] 21.722} +0.1] +1.6 +3.6] 20,246] 21,333) 22,144] 18,146] +11.6] 20,246) 18,146
Construction materials
and supplies ...... 19,121] 18,847] 18,745} +1.5|  +0.5] +2.1] 16,612] 17,103] 18,533} 14,963] +11.0] 16,612] 14,963
Defense products ...... 7323) 6,802] 7308] +7.7} -6.9| +04] 6,132] 7,896] 7,537} 6,220] -1.4) 6,132} 6,220
Other materials, supplies and
and intermediate products . 101,564] 100,649] 98,047] +0.9] 42.7] +2.9] 94,162] 95,249] 96,998} 80,913) +16.4] 94,162} 80,913
Durable goods industries :
Nondefense capital goods * 39,483] 39,020] 38,933] 41.21 +0.2) +2.1] 32,948] 45,834) 38,472] 28,889] +14.1] 32,948] 28,889
Excluding aircraft and parts - | 34,500] 34367) 34,110) +04] +0.8) +1.4) 29,062) 39,960] 33,767] 24,937] +16.5] 29,062) 24,937
Defense capital goods * + 6736] 6.333] 6,799] +64) -6.9} +05] 5,517] 7,669] 7,150] 5,809] -5.0] 5,517] 5,809
Durables excluding capital goods . | 114,441] 113,946] 111,560] +0.4] +2.1)  +3.6] 103,973] 105,270] 112,441] 92,964) +11.8] 103,973} 92,964
Miscellaneous series :
Producers’ durable equipment .... | 101,951] 101,598] 100,738} +03] +0.9]  +3.8| 89,971] 103,028} 101,646} 82,026] +9.7) 89,971} 82,026
Household durable goods ..... . 8,509} 8.435] 8.226) +09] +25] -0.3) 7,309] 7,826) 8,780) 6,561] +114) 7,309) 6,561
Information technology industries 181635] 19,130] 19,131] -2.6| 0.0] +3.6 15,153] 24,034] 19,277] 13,520) +12.1] 15,153} 13,520
Health care equipment
and products ...........++ 8,713| 8,704| 8,739] +0.1]  -0.4] +1.6 8,334] 9,056] 8,628] 7,941) +4.9] 8,334) 7,941
NEW ORDERS
All manufacturing industries 301,291] 299,514] 293,716] +0.6] +2.0| +2.7| 277,295] 294,165} 293,415] 249,955] +10.9] 277,295) 249,955
Market categories :
Automotive equipment . 14,810} 15,000] 14,725] 1.3] +19) +8.2) 13,528] 13,129] 15,032] 12,591] +7.4) 13,528) 12,591
Home goods and apparel 20,057] 191436] 19,038] +3.2| 42.1) -1.6] 18,432) 16,332] 19,169] 16,620] +10.9] 18,432} 16,620
Consumer staples ........ 60,591] 60.970] 60,026 -0.6| +1.6| +1.8| 55,540} 61,541] 60,693] 52,781] +5.2] 55,540} 52,781
Machinery and equipment 53,575] 50.833] 53,251] +54] -4.5] +6.1] 47,161] 55,064) 53,543) 42,502] +11.0) 47,161) 42,502
Business supplies ........ 22218] 22:101] 21,801) 40.5] +14] +2.9] 20,381] 21,431) 22,130) 18,092) +12.7] 20,381} 18,092
Construction materials
and supplies .......-..0-- 19,473] 19,057] 18,897] +2.2] +0.8| +1.0] 17,082] 17,288] 18,504] 15,044] +13.5] 17,082] 15,044
Defense products ... . . 6875] 9,663] 6,093 -28.9] +586] -1.9} 5,967] 12,713] 6,130] 7,708) -22.6) 5,967] 7,708
Other materials, supplies and
and intermediate products . . . 103,692) 102,454] 99,885] +1.2| +2.6] +2.2} 99,204] 96,667) 98,214) 84,617] +17.2) 99,204) 84,617
Durable goods industries :
Nondefense capital goods * . 41,380] 37,759] 40,781] +9.6] -7.4| +65] 35,870] 43,864] 40,904] 31,650] +13.3] 35,870] 31,650
Excluding aircraft and parts. . 36.981] 34.789] 35,312) +63) 1.5] -1.0] 32,568} 39,673] 35,553) 26,638) +22.3) 32,568] 26,638
Defense capital goods * ...... 6.183} 9.221] 5,567] -32.9] +656) -4.2) 5,339] 12,342] 5,606] 6,993) -23.7) 5,339] 6,993
Durables excluding capital goods . | 116,473] 115.330] 112,973 +1.0] 42.1] — +2.6 109,743) 106,320] 112,679} 97,133] +13.0) 109,743] 97,133
Miscellaneous series
Producers’ durable equipment 103,878] 101,096] 102,757] +28] -1.6]  +4.4] 94,050] 101,492] 103,325] 86,282] +9.0] 94,050] 86,282
Household durable goods... . . 8385] 8,380] 8.252] +0.1] +16, -09) 7,950] 7,461] 8,308) 7,227] +100) 7,950) 7,227
Information technology industries 19,439] 19:72] 19.289] -2.2| +3.0] +0.2] 15,896] 23,910) 19,609] 13,538] +174] 15,896] 13,538
Health care equipment
and products . 8,747] 8,513] 8,666] +2.7| -1.8] +0.2] 8,366] 8,863} 8,554] 8,108] +3.2) 8,366) 8,108
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 c
handling equipment; metalworking machinery; special industry machinery; general industrial m: mpu
industry machinery; electrical transmission and distribution equipment; electrical industrial apparatus; communication

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

* Defense capital goods industries include :

and tank components, and search and navigation equipment.

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

achinery; computer an

ombustion engines; construction, mining, and material
J office equipment; refrigeration, heating and service
s equipment; aircraft, missiles, space vehicles, and engines

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


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

Inventory / Shipments ratio Unfilled Orders / Shipments ratio!
Industry Jan. Dec. Nov. Oct. Jan, Dec. Nov. Oct,
1995? 1994" 1994 1994 1993" 1994" 1994 1994
All manufacturing industries . 1.33 1.32 1.34 137 2.86 2.87 2.88 2.94
Durable goods industries... .. 1.56 1.55 137 161 3.42 3.43 3.45 3.52
Stone, clay, and glass products . 1.07 1.06 1.09 1.13 1.23 1.18 1.19 1.20
Primary metals -..........-- 139 137 145 148 196 1.93 201 2.06
Fabricated metal products . LSI 1.59 1.53 1.56 1.40 148 1.43 1.46
Industrial machinery and equipment . 177 172 175 172 257 2.49 2.55 2.48
Electronic and other
electrical equipment ....... 1.66 1.64 1.62 1.66 1.95 1.92 1.89 1,94
Transportation equipment 146 147 1.48 159 10.74 11.02 10.72 1121
Instruments and related products . 1.91 1.92 1.97 2.00 4.18 4.17 4.29 442
Nondurable goods industries . . . . 1.06 1.05 1.07 1.09 0.77 0.76 0.76 0.76
Food and Kindred products - 0.85 0.82 0.85 087 (xX) (x) (x) x)
Tobacco products. ....... 1.90 218 2.17 2.01 (x) (x) (x) &)
Textile mill products... . _ 1:53 1.52 1.57 1.56 (NA) (NA) (NA) A’
Paper and allied products»... . 1.07 1.09 110 12 (NA) (NA) (NA) (NA)
Chemicals and allied products: -. - - 112 112 114 116 &) &) () (x)
Petroleum and coal products. 0.87 0.84 0.85 0.88 &) &) (x) &)
Rubber and plastics products ...... 1.30 1.29 1.29 1.32 (X) (X) (X) (xX)

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

' Excludes the following industries with no unfilled orders : Wood and lumber products; glass containers; metal cans, barrels and drums; farm and garden machinery;
motor vehicle assembly operations; other transportation equipment; foods and related products; tobacco; knitting mill products; apparel and related products; chemicals,
petroleum and coal products; and rubber and plastics products.

Table 9. REVISIONS TO PREVIOUSLY PUBLISHED MONTHLY PERCENT CHANGES
(Based on seasonally adjusted data)

Shipments ‘New orders Unfilled orders Inventories
Industry
Jan. Jan, Jan. Jan.
Jan? | 1994- Jan? | 1994- Jan? | 1994- Jan? | 1994-
Jan! | 1990-| Dec. } Jan! | 1990-] Dec. | Jan.' | 1990-} Dec. | Jan! | 1990-} Dec.
1995] 1994] 1994] 1995] 1994] 1994] 1995] 1994] 1994] 1995 | 1994 | 1994
All manufacturing industries . . . & 04 01 (ea) 03 02 (x) Ol o.1 (x) 01 0.0
Durable goods industries wees O14 0.7 0.2 0.5 04 03 0.1 0.1 0.1 (xX) 0.1 0.0
Stone, clay, and glass products... . . 00) 1.0 07 &) Ml 10 & 0.6 05 (X) 04 01
Primary metals... ...... vf 0.2 05 04 19 10 09 12 03 03 &) 02 02
Fabricated metal products . . . . (X) 09 0.5 (X) ld 0.5 (xX) 0.5 02 (xX) ll 03
Industrial machinery and equipment .| —-0.6 09 04 03 13 0.7 01 02 02 &) 01 ol
Electronic and other
electrical equipment ......... 03 06 03 10 14 07 03 03 03 (x) 0.0 01
Transportation equipment . oa 04 14 0.6 0.2 16 09 -0.1 01 01 (X) Ol 02
Instruments and related products .. . . (x) 16 05 ies) 5.0 17 (es) 03 03 (xX) 0.4 0.2
Nondurable goods industries... . . (x) 03 02 (%) 03 02 es) 07 03 (0) 04 04
Food and kindred products . . (X) 02 02 &) (x) (&) (&) (0) ® &) 1 01
Tobacco products. ............ &) 13 02 &) x) (&) &) &) (xX) (X) 0.0 0.0
Textile mill products. & 05 04 (| NA) | (NA) (x) | @NA) | (NA) (x) 04 02
Paper and allied products . . (Xx) 03 02 (X) (NA) (NA) (xX) (NA) (NA) (xX) 02 0.1
Chemicals and allied products . &) 05 02 (x) (x) (X) (X) (x) (X) (X) 02 0.1
Petroleum and coal products ...... | ¢X) 11 03 &) (&%) (X) &) (X) (X) &) 01 02
Rubber and plastics products... . . (x) 12 02 «X) &) &) (X) &) (%) & 03 O4
Capital goods industries :
Nondefense tenes 09 0.6 04 1.0 09 0.6 0.1 0.0 0.1 ie9) 0.1 0.1
Defense settee 12 05 05 0. 96 45] -0.1 03 02 «X) 02 04

(X) Not applicable. (NA) Not available.

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

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


CURRENT INDUSTRIAL REPORTS

cS
ay

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

Manufacturers’ Shipments,
Inventories, and Orders

January 1995
M3-1-(95)-1
For Wire Transmissions 10:00 a.m. E.S.T. March 3, 1995

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

Summary

New orders for manufactured goods in January increased $1.8
billion or 0.6 percent to $301.3 billion, the Department of Commerce,
Bureau of the Census reported today. This follows a 2.0 percent increase
in December, is the third consecutive monthly increase, and is the
fifteenth increase in the last eighteen months.

Shipments increased $1.3 billion or 0.4 percent to $297.3 billion,
following a 1.7 percent December increase. This is the third consecutive
monthly increase, and the thirteenth in the last eighteen months.

Unfilled orders, up for the fifth consecutive month, increased $4.0
billion or 0.9 percent to $460.8 billion. This follows a 0.8 percent
increase in December. The unfilled orders-to-shipments ratio decreased
in January to 2.86 from 2.87 in December.

Inventories increased $4.1 billion or 1.0 percent to $395.9 billion,
following a 0.5 percent December increase. This is the fourth
consecutive monthly increase and the eleventh in the past thirteen months.
The inventories-to-shipmentsratio increased in January to 1.33 from 1.32
in December.

New Orders

New orders for manufactured durable goods in January increased
$1.7 billion or 1.1 percent to $164.0 billion, revised from the previously
published 0.6 percent increase. This follows a 1.9 percent increase in
December and is the fifteenth increase in the last eighteen months.

Industrial machinery and equipment had the largest increase, $2.1
billion or 7.5 percent to $30.4 billion, with most components increasing.
Fabricated metal products, up three of the last four months, increased
$0.9 billion or 5.9 percent to $16.2 billion, following a 2.6 percent
December decline. ‘Instruments and related products increased $0.4
billion or 3.4 percent to $11.6 billion, following a 4.2 percent December
increase. Electronic and other electrical equipment increased $0.2 billion
or 0.9 percent to $26.0 billion; this is the sixth consecutive monthly
increase. Primary metals remained unchanged at $15.8 billion.
Transportation equipment had the largest decline, $2.2 billion or 5.2
percent to $39.6 billion, primarily due to shipbuilding and tanks. This
follows increases of 5:8 percent in December and 12.1 percent in
November.

New orders for nondurable goods were $137.3 billion, up $0.1
billion from December. Increases in leather and leather products, paper
and allied products, and tobacco products were partially offset by declines
in food and kindred products, and textile mill products.

Shipments

Shipments of durable goods in January increased $1.4 billion or 0.9
percent to $160.7 billion, revised from the previously published 0.8
percent increase. This follows increases of 1.3 percent in December and
3.1 percent in November, and is the thirteenth increase in the last
eighteen months. Fabricated metal products increased $0.9 billion or 5.8
percent to $16.1 billion, following a 2.3 percent decline in December.
Electronic and other electrical equipment, up for the fifteenth consecutive
month, increased $0.2 billion or 0.9 percent to $24.9 billion.
Transportation equipment, up for the third consecutive month, increased
$0.2 billion or 0.5 percent to $40.2 billion. The December and
November increases were 0.3 percent and 6.9 percent, respectively.

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

Primary metals increased $0.1 billion or 0.6 percent to $15.2 billion, the
twelfth consecutive monthly increase. Industrial machinery ‘and
equipment declined $0.1 billion or 0.3 percent to $28.7 billion, following
a 1.6 percent December increase.

Shipments of nondurable goods decreased $0.1 billion or 0.1
percent to $136.7 billion. This follows two consecutive monthly
increases and is the third decline in the last fifteen months. Food and
kindred products had the largest decrease, $0.9 billion or 2.3 percent to
$36.6 billion, following three consecutive monthly increases. The largest
increases were in paper and allied products, up $0.4 billion or 3.5 percent
tp $12.9 billion and tobacco products, up $0.3 bition or 12.8 percent to

3.0 billion.

Unfilled Orders

Unfilled orders for durable goods in January increased $3.4 billion
or 0.8 percent to $434.7 billion, revised from the previously published
0.7 percent increase. This is the fifth consecutive monthly increase.
Industrial machinery and equipment had the largest increase, $1.6 billion
or 2.4 percent to $69.1 billion. This follows a 0.8 percent December
decline, which was the only decline in the last nineteen months.
Electronic and other electrical equipment increased $1.1 billion or 2.4
percent to $48.4 billion, the fifth consecutive monthly increase. Primary
metals was up $0.6 billion or 2.1 percent to $29.8 billion, the fourteenth
consecutive monthly increase. Instruments and related products was up
$0.1 billion or 0.3 percent to $47.8 billion, the first increase since
October. Transportation equipment, down nearly every month since
September 1991, decreased $0.6 billion or 0.3 percent to $202.5 billion.
This follows a 0.9 percent increase in December, which was the first
increase since January 1994.

Inventories

Inventories for durable goods in January increased $2.8 billion or
1.1 percent to $250.4 billion. Except for the 0.1 percent decrease in
September, inventories have increased every month since March 1994.
Industrial machinery and equipment had the largest increase, $1.3 billion
or 2.6 percent to $50.9 billion. This follows a 0.1 percent December
decline and is the twentieth increase in the last twenty-two months.
Electronic and other electrical equipment, up for the thirteenth
consecutive month and twenty-fifth of the last twenty-seven, increased
$0.9 billion or 2.1 percent to $41.2 billion. Primary metals increased
$0.3 billion or 1.5 percent to $21.1 billion, the fifth consecutive monthly
increase. Fabricated metal products increased $0.2 billion or 0.9 percent
to $24.4 billion, the fourth consecutive monthly increase. Transportation
equipment, up for the first month since July, increased $0.2 billion or 0.3
percent to $58.8 billion.

Inventories for nondurable goods increased $1.3 billion or 0.9
percent to $145.5 billion, the fourth consecutive monthly increase.
Petroleum and coal products, food and kindred products, rubber and
plastic products, and paper and allied products had the largest increases.

By stage of fabrication, finished goods increased 0.6 percent in
durables and 1.0 percent in nondurables. Work in process increased 1.7
percent in durables and 0.3 percent in nondurables. Materials and
supplies increased 0.7 percent in durables and 1.1 percent in nondurables.

(SEE BACK PAGE FOR 1995 RELEASE DATES)

The advance report on durable goods for February is scheduled for March 24, 1995 at 8:30 a.m. and the full report on March 31, 1995 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.


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

Official Busi

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

Advance Report Regular Report

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

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



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

it 1 L 1 1 1 i 1 i i i i
Jan Mar May = Jul Sep Nov Jan Mar May Jul Sep Nov Jan
Jan. 1993 - Jan. 1995

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

New Orders

1OP------------------------------------- ——"|1 10

Shipments

Jan Mar May Jul Sep Nov Jan Mar May Jul Sep Nov Jan
Jan. 1993 - Jan. 1995

Note: All Charts based on seasonally
adjusted current dollars.



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

BY INDUSTRY GROUP
(Millions of dollars)

Seasonally adjusted

Not seasonally adjusted

Industry Monthly Percent Change Monthly Percent
. change
Jan Dec Nov. | Dec | Nov- | Oct~ Jan. Dec. Nov. Jan. Jan.
199s? | 1994" 1994 | Jan. | Dec. | Nov. 199s? | 1994" 1994 1994 } 95/04
MATERIALS AND SUPPLI
All manufacturing industries 129,055 | 127,952 | 127,004 | +09 | +0.7 | +0.9 | 130,248 | 128,662 } 127,293 | 120,743 +79
Durable goods industries 73,496 | 74965 | 74404] 40.7} +08 | +14 | 76,132 | 75,113 | 74,877 | 68,743 | +107
Stone, clay, and glass products. 2633 | 2615 | 2612 | +07] +01 | +02] 2671 | 2,643 | 2599 | 2,577 | 43.6
Primary metals a 6308 | 6444 | 6333 | 424] +18] +08 | 6,702 | 6.707 | 6477 | 5,920 | +132
Fabricated metal products 512 | 442] 8342] +08] +12] +09 | 8621] 8,682 3343 | 7,886 +93
Industrial machinery and equipment. | 16,809 } 16,785 } 16,852 | +0.1 | -04 | +#3.5 | 16,964 | 16,573 | 16,987 | 14,354 | +182
Electronic and other
electrical equipment . . 13,672 | 13263 | 12,801 | 431] +29] +13] 13,709 } 13,106 ] 12,800 | 10,869 ) +261
Transportation equipment... . . 10,798 | 10,842 | 10,937 04] -09 | +07 | 10,748 | 10,749 | 11,048 | 10,984 “2.1
Instruments and related products 6.75 6835 | 6.798} -19] +13 | +06 :763 | 6,792 | 6,752 | 6,709 +08
Lumber, furniture and
miscellaneous durable goods 9718 | 9689} 9639 | +03] +05 | +06] 9,954] 9,861) 9,871 | 9,444 +54
Nondurable goods industries 53,559 | 52,987 } 52,600] +11] +07] +01 | 54116 | 53,549 | 52,416 | 52,000] +4.1
Food and Kindred products 10047 | 99990 | 10182 | +06] -19 | -14 | 10,362 | 10,240 | 10,488 | 10,323 +04
Tobacco products 4680 | 4701 | 4.719) 04} 04] -O1 | 5024] 5,007 | 4,55 5485 “84
Textile mill products 2910 | 2900 | 2912} +03} -04] +25 | 2898 | 2844] 2,810) 2,658 +9.0
Paper and allied products 7037 | 6939 | 6858 | +14] +12] +04] 7127 | 6988 | 6847 | 6,642 +73
Chemicals and allied products 11396 | 11473 | 11,327 07} +13} +05 | 11382 | 11512 | 11,252 | 11238 +13
Petroleum and coal products 3,019 | 2,939 gor | 42.7 | 47] 29] 2878 "392 | 21870 747 +48
Rubber and plastics products Sos2 | 4915) 4783 | +34] 428] +11 | 5137] 5025 | 4800 | 4,492 | +144
Apparel, printing and publishing
and leather goods .. . . 9,388 | 9,130 | 8928 | 428] 423] +11 | 9,308 | 9,041 8,797 | 8415 | +106
WORK IN PROCESS
All manufacturing industries 130,893 | 129,005 | 129,152] +15] 0.1 -0.1 | 129,559 | 124,975 | 130,297 | 127,625 +15
Durable goods industries... . 106,964 } 105,136 | 104,954 | +17] +02 | 0.2 | 105,656 | 101,705 | 105,787 } 104,307 +13
Stone, clay, and glass products . . 1174 1134 4066 | 435] +64] +18 1157 | 1078 996 030 | +123
Primary metals -.. 2... 2... 7796) 7736} 7516 | +08] +29 | +12 | 7,763 | 7,603 | 7476 | 7230) +74
Fabricated metal products 7747 | 7791 | 7.616 06} +23 | +08] 7,78 7567 | 7534 | 7512 | +36
Industrial machinery and equipment’ | 19,609 | 18335 | 18,584} +69} -13 | -0.4 | 19,064 | 17,462 ) 19,272 | 18,234 +46
Electronic and other
electrical equipment . . 16379 | 16230 | 16044 | +08] +13] +10] 16,209 | 15,619 | 16011 ] 14,053 | +153
Transportation equipment . . . 39'848 | 395582 | 39799 | +07] -05}] -13 | 39625 | 38566 | 40,240 | 42,577 69
Instruments and related products . 9271 | 91146 | “9190 | +14] -05 | +05} 8973 | 8,784 | 9,256 | 8,904 +08
Lumber, furniture and
miscellaneous durable goods . .. . . 5,140 | 5,162 | 5,139 4} +04} -03 | 5,082 | 5,026 | 5,002 | 4,767 +66
Nondurable goods industries 23,929 | 23,869 | 24,198 | +03] -14 | +0.7 | 23,903 | 23,270 | 24,510 | 23,318 42.5
Food and kindred products ro74. | “aos | “406 | 04] 04 | 25 | 4279 | 4351 | 4.443 | 4,251 +0.7
Tobacco products : 176 168 209 | +48 | -19.6 | +10.0 192 162 318 180 | +67
Textile mill products... - 2561 | 2516 | 2552] +18] -14] -02 | 2,560] 2,405 | 2,527 | 2,621 23
Paper and allied products 1292 | 1224] 1218 | +56] +05] +01 1209 | 1.207 | L192 } U7 | +109
Chemicals and allied products 5,421 S419 | 5,439 00} 04} +05} 5387] 5275] 5,441 53501 2.1
Petroleum and coal products 244 | 2377 | 2353 | +29] +10 | +430] 2,336 | 2,202 | 2,364 | 2,154 +84
Rubber and plastics products 1934] 1922] 1903 | +06] +10] +14] 1,992] 1,923 1957 | 1,827 +9.0
Apparel, printing and publishing
and leather goods veces 6025 | 6154 | 6418] 24} 41 | 423] 5,858 | 5,745 | 6,268 | 5,613 +44
FINISHED GOODS
All manufacturing industries 135,938 | 134,853 | 133,832 | +08] +08 | +0.7 | 135,054 } 130,421 | 133,002 } 129,171 +46
Durable goods industries. . 67972 | 67343 | 67,016 | +06} +08 | +10 | 67,458 | 64,966 | 66,278 | 63,540 | +62
Stone, clay, and glass products . 3,904 | 3,904 | 3,890 00} +04] +03 | 3,93 31820 | 3,772 | 3,964 -0.7
Primary metals ©... 2... 6604 | 6592 | 6614] +15] -03 | +22 | 6692 ] 6439 | 6,526 | 6,309 +6.
Fabricated metal products) / 2)! 2) ] 8112 | 7916 | 7,889 | +25] +03 | +04] 7,996 "465 | 7,631 7596 +53
Industrial machinery and equipment’ | 14508 | 14;534 | 14264] 02 | +19} -04 | 14,714 | 14,234 | 14,107 | 13,904 458
Electronic and other
electrical equipment . . 11,194} 10,880 | 10,764} 429] +11 | 423 | 10,865 | 10,282 | 10,645 | 8,912 | +219
Transportation equipment... . si6s | 8233 | goss] -08] +18] +20] 8103 | 7,882 | 8409 | 7,814 43.7
Instruments and related products 5797 | 5876] 5974 | -13| -L6 | 02] 5594 | 5,691 6,059 | 5,780 32
Lumber, furniture and
miscellaneous durable goods . . .. 9,598 | 9,608 | 9,537 01} +07] +15 | 9,556 | 9,153 | 9129 | 9,261 43.2
Nondurable goods industries . . . 67966 | 67310 | 66816 | +10] +07 | +04 | 67,596 | 65,455 | 66,724 | 65,631 +3.0
Food and kindred products 17005 | 16,781 | 16635 | +13 | +09 0.0 | 16993 | 16,580 | 17,485 | 16,026 | +6.0
Tobacco products ve 82 911 810} 98 | +125 | +149 79 797 813 748 | +66
Textile mill products... . - 4323 | 4401 | 4341 8] +14] +07] 4296 | 4,096 | 4,188 | 4.315 04
Paper and allied products . . . s's10 | si4ao | 5438] +11] +02 | -05 | 5520) 5,237 | 5,310 | 5,631 2.0
Chemicals and allied products 171497 | 17403 | 17234 | +05] +10 | +02 | 17,632 | 17375 | 17,136 | 17,450 +10
Petroleum and coal products sass | 5214 | S206] +46] +02] 422 | 5314] 4964] Salo | 471) +128
Rubber and plastics products ..... | 6255 | 6206 | 6142 | +08] +10 | -08 | 6373 | 6,103 | 6,003 | 6,126 | +40
Apparel, printing and publishing
and leather goods ........ ++ 11,099 | 10945 | 11010 | +14] -06 } +03 | 10,671 | 10,303 | 10,373 | 10,624 +04

? 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
Jan. Dee. Nov.] Dec.-} Nov.-| Oct Jan. Dec. Nov. Jan. Jan.
1995" 194° 1994 Jan} Dec.] Nov. 195° 194" 1994 1994} 95/94
All manufacturing industries 460,789 | 456,838] 453,378 +09 +0.8 +0.6) 461,162] 451,768} 447,692] 447,135 43.1
Manufacturing industries
without defense capital goods 348,863 | 344,359] 343,787] +13] 40.2] +1. ] 348,235] 338,663] 339,260] 328,813] —+5.9
Durable goods industries 434,681 | 431,305] 428,295] +08] +0.7] +05] 435,962] 427,448] 423,695] 425,741] 42.4
Stone, clay, and glass products 8,343 8,027 1,739 43.9 43.7 43.4 7,901 7,514 7,438 6,900) +14.5
Primary metals 29,784) 29,181] 28,482] 42.1] +25] +17] 29,698} 27,859] 26,609] 22,785] +303
Blast furnaces, steel mills 11,670] 11,427] 11,420 42.1 40.1 0.2] 11,623] 10,651 10,652] 10,316] +12.7
Iron and steel foundries ........ 3,760 3,756] 3,523] +01] 46.6] = -+0.7 3,865 3,687 3,441 3,234] +19.5
Nonferrous and other primary
metals... .. : 14,354] 13,998] 13,539] +25] +34] 438] 14,210] 13,521] 12,516 9,235] +539
Fabricated metal products 20,753] 20,663] 20,593] +04] +03] +0.6] 20,802] 20,492] 20,157] 20,070] +3.6
Industrial machinery and equipment 69,061] 67,413] 67,976] +2.4 08] 425] 69,786] 67,196] 68,344] 54,679] +27.6
Engines and turbines 10,286] 10,220) 10,971] +06 68] +16] 10543] 10,624] 11,407] 10,132] 4.1
Construction, mining ani
material handling equipment 7,447 7,092 77 +5.0 0.4 +19 7,596 6,999 7,051 5,926] +282
Metalworking machinery... . 10,009} 9,577 9590] +45 0.1] +19] 10,009 9,877 9,590 7,859) 427.4
Computer and office equipment . 11,690 11,584 11,584 40.9 0.0 +1.0 11,246 11,200 12,074 7,343] +53.2
Electronic and other
electrical equipment. . 48,417] 47,272] 46,140] 424] 42.5] 40.7] 48,861] 46,132} 45,703] 46,437] $5.2
Electrical transmission and
distribution equipment and
industrial apparatus . 6,003 5,788 $895] +3.7 -18 22 6,010 5,746 5,914 5,987| +04
Electric lighting and
wiring equipment ........ 3,787 3,643 3,620] +31] +06 “1.6 3,757 3,643 3,620 3,286] +143
Communications equipment 15,408] 14,998] 14,213 +2.7 45.5 +04] 15,405] 15,004] 14,246] 14,857 43.7
Electronic components 17,339] 16,786] 16,569} +33] +13) +20] 17,738] 15,932] 16,080] 16,579} +7.0
Transportation equipment . . 202,484 | 203,090] 201,318 0.3 40.9 0.2} 203,022] 203,174] 200,111} 216,586 63
Aircraft, missiles,
space vehicles, and parts. 169,377] 170,679] 172,497 -0.8 “Ld 0.0] 169,841] 170,892] 171,488} 187,165 93
Shipbuilding and tanks . . 19,716] 19,011] 15,970] #3.7]  +19.0 23} 19,656} 18,939] 15,980] 19,063] #3.1
Instruments and related products . . 47,781| 47,638] 47,865] +03 0.5 09] 48321} 48,018] 47,648] 51,053, 54
Search and navigation equipment 31,057 31,300 31,427 0.8 04 “Ll 31,597 31,707 31,244 33,625 6.0
Measuring and controlling devices 9,584 9,249 9,148 43.6 +11 40.7 9,584 9,249 9,148 8,938 472
Medical instruments and supplies 6,325, 6,292 6,483] +0.5 29 “ld 6,325 6,292 6,483 7,625) -17.0
All other durable goods ..... 8,058 8,021 8,182 +0.5 2.0 0.4 7571 7,063 7,685 7,231 44.7
Nondurable goods industries ...... . 26,108] 25,533] 25,083] +23) +18] +420] 25,200] 24,320] 23,997] 21,304] 417.8

* Preliminary. ‘ Revised.

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


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

Seasonally adjusted Not seasonally adjusted’

Monthly Percent Change Monthly Percent Year to date
Industry change
Jan.| Dec. | Nov. | Dec.- | Nov] Oct-| — Jan.} Dec. | Nov Jan.| Jan.

1995" 1994" 1994} Jan. Dec.| Nov. 1995” 1994" 1994 1994} 95/94 1995" 1994

All manufacturing industries... . . | 301,291] 299,514] 293,716] +0.6] | +2.0]_ +2.7| 277,295] 294,165] 293,415] 249,955} +10.9] 277,295] 249,955
Manufacturing industries
with unfilled orders . 164,943] 162,713] 159,893] +14] +1.8) 42.9} 152,887] 166,001] 160,078] 136,129] +12.3] 152,887] 136,129
without defense capital goods . 295,108] 290,293} 288,149] +1.7}  +0.7}  +2.8) 271,956] 281,823] 287,809] 242,962} +11.9] 271,956] 242,962
Durable goods industries ......... | 164,036] 162,310] 159,321] +1.1] 41.9] 43.4] 150,952} 162,526] 159,189] 135,776] +11.2] 150,952] 135,776
With unfilled orders - -| 130,562] 128,632] 126,191] +15] +1.9]  +2.8) 120,686] 132,938] 126,245] 107,915] +11.8] 120,686] 107,915
Stone, clay, and glass products . . . 7,524| 7,493 7,172] +04] +4.51 +53) 6,462| 6,280] 6,970] 5,357] +20.6] 6,462] 5,357
Primary metals... . -| 15,815] 15,813) 14,644] 0.0] +8.01 +0.1] 16,274} 15,213] 14,239] 12,436] +309] 16,274] 12,436
Blast furnaces, steel mills... . . 6,588} 6,669 6,108) -1.2] +9.2} 0.8] 7,089} 6,152] 5,903] 5,784) +22.6] 7,089] 5,784
Iron and steel foundries : 1,367} 1,638) 1,319] -16.5] +24.2) +73) 1,450} 1,414) 1,251} 1,247] +163 1,450 1,247
Nonferrous and other primary
metals.......... : 7,860| 7,506 7,217] +4.7] +40) -0.5] 7,735] 7,647] 7,085] 5,405} +43.1] 7,735] 5,405
Fabricated metal products. «+ | 16,177] 15,278] 15,691] +5.9] -2.6 +3.9] 14,955] 14,628] 15,459] 13,479] +11.0] 14,955] 13,479
Industrial machinery and equipment 30,356] 28,243] 30,048] +7.5] -6.0] -1.2) 27,130] 30,879] 29,880} 23,094] +17.5] 27,130] 23,094
Engines and turbines ......... 1,922] 1,213] 2,095] +585] -42.1] +0.3) 1,482] 2,114] 2,113] 1,318] +124) 1,482] 1,318
Construction, mining and
material handling equipment ....] 3,493} 3,065| 3,072) +14.0] -0.2) +3.2) 3,437] 2,886] 2,959] 2,462) $39.6] 3,437) 2,462
Metalworking machinery .......] 3,773] 2,969] 3,289} +27.1] -9.7| +5.8| 3,245] 3,263] 3,627] 2,730] +18.9 3,245] 2,730
Computer and office equipment ...] 7,390] 7,713] 7,944] -4.2| -2.9] -7.7] 5,553] 9,793] 8,102] 5,325] +43) 5,553] 5,325
Electronic and other
electrical equipment .......... 26,013] 25,773] 24,771] +09] +4.0} +3.3] 24,471] 26,570] 25,673} 20,539} +19.1] 24,471] 20,539
Electrical transmission and
distribution equipment and
industrial apparatus . . . ---| 3,000] 2,571) 2,532] +167] +1.5) 9.1] 2,716] 2,482} 2,479) 2,438) +114 2,716] 2,438
Electric lighting and
wiring equipment . 2,063} 1,909} 1,809] +8.1) +55] -9.2) 1,847] 1,977} 1,925] 1,572] +175] 1,847] 1,572
Communications equipment. . . 6.219 6,512] 5,816] -4.5] +12.0] +15.3] 5,126] 8,184] 5,894] 3,454) +48.4) 5,126] 3,454
Electronic components sees 9,515] 9,180} 8,987] +3.6]  +2.1)  +1.7) 10,114] 8,765] 9,118] 8,385] +20.6 10,114 8,385
Transportation equipment . . . 39,616] 41,774] 39,484] -5.2] +5.8| +12.1] 35,636] 41,368] 39,944] 37,425] -4.8] 35,636] 37,425
Aircraft, missiles,
space vehicles, and parts. +] 7,196) 6,251] 8,700] +15.1] -28.1] +45.7]/ 5,688] 9,478] 8,704] 10,309] -44.8] 5,688] 10,309
Shipbuilding and tanks .. . . 1,666] 3,798) 437] -56.1] +769.1] -17.2] 1,499] 3,880) 410} 508] +195.1 1,499 508

Instruments and related products 11563) 11,185] 10,739] +3.4] +42] -4.0} 10,435] 12676] 10,668] 9,206] +13.3] 10,435] 9,206

Search and navigation equipment .] 2/3691 2/324 2,012] +1.9| +15] -15.2) 2,085] 3,336] 1,952] 1.446] +442] 2.085] 1,446
Measuring and controlling devices | 3,746] 3,633] 3,445 +3.1] +5.5] +44) 3,500] 3,797] 3,388] 2.969] +179] 3,500) 2,969

Medical instruments and supplies . 3,125} 2,912] 3,007) +7.3] -3.2}--2.0| 2,896] 3,107] 2,979] 2,857 +14 2,896 2,857
All other durable goods ..........| 16,972] 16,751] 16,772) +1.3] -0.1] -0.2) 15,589] 14,912] 16,356) 14,240] +9.5] 15,589] 14,240

Nondurable goods industries ...... .] 137,255] 137,204] 134,395] 0.0} +2.1]  +1.9] 126,343] 131,639] 134,226] 114,179] 410.7] 126,343] 114,179
With unfilled orders ...........] 34,381] 34,081] 33,702] +0.9|  +1.1] +29} 32,201] 33,063} 33,833 28,214) +141] 32,201] 28,214

* 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(92),
“Manufacturers’ Shipments, Inventories, and Orders: 1982-1992."


Table 1. VALUE OF MANUFACTURERS’ SHIPMENTS

(Millions of dollars)

FOR INDUSTRY GROUPS

Seasonally adjusted

Not seasonally adjusted’

Monthly Percent Change Monthly Percent Year to date
Industry change
Jan] Dec.] Nov. | Dec.- | Nov.-]} Oct-]  Jan.} Dec. | Nov. Jan.| Jan.
199s?] 1994"] 1994] Jan, } Dec.} Nov.] 19957] 1994"] 1994] 1994] 95/04] 1995" | 1994
All manufacturing industries 297,340] 296,053] 291,191} +0.4]  +1.7] +2.5] 267,901] 290,089] 292,557] 241,178] +11.1] 267,901] 241,178
Manufacturing Industries
with unfilled orders 160,992) 159,252] 157,368] +1.1) +12} +2.6 143,493] 161,925] 159,220] 127,352) +12.7] 143,493] 127,352
without defense capital goods 290,604] 289,720] 284,392] +0.3] +1.9]  +2.6] 262,384] 282,420] 285,407] 235,369] +11.5] 262,384] 235,369
Durable goods industries 160,660] 159,299] 157,292| +09] 41.3] +3.1] 142,438] 158,773] 158,063] 127,662] +11.6] 142,438] 127,662
With unfilled orders + 127,186] 125,621] 124,162) +12) +1.2) 42.5] 112,172] 129,185] 125,119] 99,801] +124] 112,172] 99,801
Stone, clay, and glass products 7.208| 7.205] 6.914] 0.0] +42] 43.9} 6,075] 6,204] 6,919} 5,276] +15.1] 6,075] 5,276
Primary metals -. . . : 15.212] 15,114] 14,155] +0.6] +6.8| +42} 14,435] 13,963] 13,937] 11,199] 428.9) 14,435} 11,199
Blast furnaces, steel mills 6345] 6,662] 6,136] -4.8] +86] +29 6,117 6,153] 5,940} 5,180} +181] 6,117] 5,180
Iron and steel foundries 1363] 1,405] 1,294] 3.0) +8.6| +5.9} 1,272] 1,168] 1,285] 1,056] +205} 1,272] 1,056
Nonferrous and other primary
metals : 7,504] 7,047] 6,725] +6.5]  +4.8] +5.0| 7,046] 6,642] 6,712) 4,963} +42.0] 7,046) 4,963
Fabricated metal products... 16,087| 15,208] 15,560] +5.8| -2.3] +24] 14,645] 14,293] 15,580] 13,455] +88] 14,645] 13,455
Industrial machinery and equipment 28,708] 28,805] 28,362] -0.3] +1.6 -0.8] 24,540] 32,027] 27,694] 21,393) +14.7) 24,540] 21,393
Engines and turbines 1,856] 1,963] 1,926] -5.5] +1.9] +1.7] 1,563] 2,897] 1,881] 1,325] +180) 1,563) 1,325
Farm and garden machinery 1819] 1.748] 713] +41] +2.0) -9.8} 1,659] 1,448] 1,386] 1,403] +182] 1,659] 1,403
Construction, mining and
material handling equipment .. . 3,138] 3,090] 2,940] +16] +5.1] 44.1] 2,840] 2,938] 2,791] 2,327} 422.0] = 2,840] 2,327
Metalworking machinery .... . 3341] 2.982] 3,110] +12.0] 4.1] -2.5] 2,813] 3,276) 3,448] 2,206] +27.5] 2,813} 2,206
Computer and office equipment 7,284 7,713) 7,831] -5.6} 1.5] +0.4f 5,507] 10,667) 7,807] 5,233 +5.2 5,507 5,233
Electronic and other
electrical equipment 24,868| 24,641] 24,465} +0.9] +0.7]  +3.6] 21,742| 26,141) 25,312} 18,540] +17.3] 21,742} 18,540
Electrical transmission and
distribution equipment and
industrial apparatus . 2,785] 2,678] 2,666 +4.0]  +0.5[ +2.0| 2,452] 2,650] 2,577) 2,221) +104) = 2,452) 2,221
Household appliances 1976 1,942} 1901) +1.8) +2.) +1.7] 1,632) 1,819} 1,837] 1,427] +144) 1,632] 1,427
Electric lighting and
wiring equipment . .. . 1,949] 1,886] 1,868] +33] +1.0)  -0.4] 1,733] 1,954] 1,984) 1,523] +13.8) 1,733] 1,523
Household audio and
video equipment 1,108] 1,105] 1,088] +03] +16) -1.9} 914] 1,045) 1,384 810] +12.8 914 810
Communications equipment 5,809 5,727] 5,756] +14] -0.5] +62] 4,725] 7,426] 5,855] 3,629] +30.2) 4,725) 3,629
Electronic components 8,962| 8.963] 8.669} 0.0] +34] +2.7] 8,308] 8,913] 8,685] 6,910] +202) 8,308] 6,910
Transportation equipment 40222} 40,002] 39,875] +0.5| +0.3) +69) 35,788] 38,305] 40,437] 34,315) +43] 35,788] 34,315
Motor vehicles and parts 28,804] 29,246] 28,409] -1.5] +2.9} +7.6] 26,485} 25,619} 29,066) 25,047) +5.7] 26,485] 25,047
Aircraft, missiles,
space vehicles, and parts. 8,498] 8,069} 8,618] +5.3] -6.4] +5.9} 6,739) 10,074] 8,682] 7,169] -6.0] 6,739) 7,169
Shipbuilding and tanks... 961 757) 814] +269) -7.0)  -3.1) 782) 921 792} 741] +55 782 741
Instruments and related products . 11,420] 11,412] 11,159} 0.1) +23, +21] 10,132| 12,306] 11,359] 9,547] +6.1] 10,132] 9,547
Search and navigation equipment 21612; 2.451] 2,354) +66] 44.1] -3.0). 2,195) 2,873] 2,525] 2,111] +4.0) 2,195] 2,111
Measuring and controlling devices 3,411 3,532] 3,385] -3.4] +43] +8.0] 3,165] 3,696] 3,328) 2,863] +10.5) 3,165] 2,863
Medical instruments and supplies 3,092| 3,103) 3,080) -0.4] +0.7] +2.0] 2,863} 3,298) 3,052) 2,688] +65] 2,863] 2,688
Photographic goods 1,883] 1,904] 1,985] 1.1] 4.1) +0.9) 1,5. 2,039] 2,109] 1,578) -2.7] 1,535] 1,578
All other durable goods 16,935] 16,912] 16,802} +0.1] +07] +0.6 15,081] 15,534] 16,825] 13,937] +8.2} 15,081] 13,937
Nondurable goods industries 136,680] 136,754] 133,899] -0.1]  +2.1] +1.9} 125,463] 131,316] 134,494] 113,516] +105} 125,463] 113,516
With unfilled orders . 33,806] 33,631] 33.206|  +0.5| +13) +2.8| 31,321] 32,740] 34,101) 27,551] +13.7] 31,321) 27,551
Food and kindred products . 36,645] 37,512) 36,587} -2.3| +2.5]  +1.9] 33,303) 37,505| 36,825] 31,985) +4.1| 33,303] 31,985
Meat products ........ 3.119] 8393] 8.114} -33] +34) -0.5] 7,583) 8,317] 7,940] 7,561] +03) 7,583] 7,561
Dairy products . 4907] 4935] 4.756] -0.6 43.8) +1.9] 4,529] 4,760] 4,813] 4,200] +7.8] 4,529} 4,200
Beverages 5:329| 5,359] 5326] -0.6] +0. +0.6) 4,471] 5,042] 5,073} 4,243) +54] 4,471] 4,243
All other foods, excep fi ‘fats and oils | 16353] 16861] 16,338] -3.0] +3.2] +2.0] 14,783] 17,422] 16,946] 14,144] +4.5) 14,783] 14,144
Tobacco products : 2996] 2,657 2,641] +128] +06] -5.7}  2,478| 2,937] 2,779) 2,584) 4.1] 2,478} 2,584
Textile mill products 6381] 6,460] 6,256] -1.2] +33] +04, 5,509) 5,879| 6,335] 5,044] +9.2] 5,509] 5,044
Broadwoven fabrics and
other textiles : 3,997] 4,066] 3,941] -1.7] +3.2} +13} 3,521] 3,831] 3,887] 3,162) +114] 3,521] 3,162
Paper and allied products . 12.910] 12,476] 12.311) +35] 41.3) +1.9} 12,523] 12,093) 12,262) 10,228) +22.4) 12,523) 10,228
Pulp, paper, and
paperboard mill products -} 5,440| 5,070] 5,014] +73] 1.1] +22) 5,288] 5,005) 5,099] 4,087) +29.4] 5,288) 4,087
Paperboard containers and boxes . 3.429} 3,369] 3,260] $1.8) 43.3) +22) 3,319] 3,156] 3,218] 2,554] +300] 3,319) 2,554
Miscellaneous converted
paper products ............ 4041 4037/4037} +0.1] 0.0) +1.2) 3,916 3,932] 3,945] 3,587] $9.2] 3,916) 3,587
Chemicals and allied products 30,676] 30,611] 29,935] +0.2) +2.3| +2.3) 28,955} 29,018] 28,762] 25,316] +14.4) 28,955] 25,316
Industrial chemicals 16,902} 16810] 16.100] +0.5] +4.4) +2.9] 15,888] 15,486] 15,678) 12,948] +22.7] 15,888] 12,948
Drugs, soaps, and toiletries 10,349] 10,313] 10.427) +03] 1.1] +14] 10,080] 10,629] 10,278) 9,685} +4.1] 10,080) 9,685
Petroleum and coal products . 125623] 12:557] 12318] 40.5] +1.9 +5.2] 11,319] 12,196) 12,825} 9,919] +14.1] 11,319] 9,919
Rubber and plastics products 10,209] 10.129} 9.925] +0.8] +21] +21] 9543] 9,064] 9,484) 8,265] +155] 9,543] 8,265
All other nondurable goods 24.240] 24'352| 23926) -0.5| +1.8| +12] 21,833] 22,624] 25,222) 20,175] +8.2) 21,833) 20,175

¥ Preliminary. * Revised

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

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