Table 4. VALUE OF MANUFACTURERS’ INVENTORIES FOR INDUSTRY GROUPS
TMi

ions of dollars)

Seasonally adjusted

Not seasonally adjusted

Industry Monthly Percent Change Monthly Percent
change
Aug. July June} July-|June-|— May- Aug. July June Aug.| Aug.
1994” 1994" 1994] Aug} July] June 194" 1994" 1994 1993] 94/93
All manufacturing industries . . . . 387,095 | 386,645] 383,106] +0.1) +09] +02] 390,627] 387,563] 381,411] 383,681] +1.8
Manufacturing industries
with unfilled orders ....... 256,862| 256,034] 253,888] +03] +08 0.0} 260,535} 258,051] 253,976] 254,534] +24
without defense capital goods 363,080 | 362,164] 358,626] +03] +10] +03} 366,127] 362,745] 356,791] 354,978] — +3.1
Durable goods industries. 244,038] 243,392] 241,039] +03] +10] +02] 246,679] 244,142] 240,275] 239,697] +29
With unfilled orders : 223,328 | 222,551] 220617] +03] +09 0.0| 226,374] 223,970] 220,417] 220531] +26
Stone, clay, and glass products 7,435 7,458 7377 03} +11 12} 7,392] 7,513 7,408) 7,575 24
Primary metals ...... 19,830] 19,892] 19,699 03} +10] +05} 20071] 20,002] 19,540] 19,556] +2.6
Blast furnaces, steel mills. 9,575] 9,601 9,573 03] +03] +05 9,642] 9,703 9370] 9st} +14
Iron and steel foundries 1,540 1,538 1,507 +0.1 42.1 +0.9 1,531 1,512 1,524 1,380} +109
Nonferrous and other primary
metals... 00... 8,715 8,753 8.619 04) +16] +05 8,898] 8,787 8,646 8,665] 42.7
Fabricated metal products - | 23,681] 23,766} 23,213 04} 424] 40.7] 23,761] 23,902} 23,432} 23,304) = 42.0
Industrial machinery and equipment : 49,295] 48,901 48,536 +0.8 +08 +0.9] 49,959] 48,900] 47,966] 46,033 48.5
Engines and turbines 3,697] 3,633 3,592] +18} +11 271 3,906] 3,697] 3,571 3,789] 43.1
Farm and garden machinery 2546] 2,548] 2,500 Ol] +19] +62] 2403] 2,363 2336, 2111} +13.8
Construction, mining and
material handling equipment 5,873 5,833 5781| +07] +09] +03] 5,844] 5,796] 5,823 5,749] +1.7
Metalworking machinery 5,706 5,638| 5,559] +12) +14] 425] 5,883 5,713 5,520 5304] +109
Computer and office equipment . 11,970] 11,928] 11,975 +04 04 +12] 12,437] 12,108] 11,576} 10,997] +13.1
Electronic and other
electrical equipment ........ 37,731) 37,158] 36,452] +15] +19] +11] 38,419] 37,690] 36,802} 33,637] +142
Electrical transmission and
distribution equipment and
industrial apparatus . .. . 4,489] 4,463 4391] +06] +16] +15] 4,597] 4,531 4,425 4418] +4.1
Household appliances - 2,675| 2,583 2558] +3.6| +10] -071 2589] 2550] 2,675 2440| +61
Electric lighting and
wiring equipment ............ 2,995] 2,977] 2,949] +06] +09] +05) 3,043] 3,046] 3,033 2,961] +28
Household audio and
video equipment ......... 1,151 1,133 1,092 +16 43.8 +16 1,265 1,234 1,165 1,233
Communications equipment 11216] 10,975} 10,713) +22) 42.4 11,421} 11,089} 10,728 8,795
Electronic components 113824] 11,689] 11,435] +12] +22 12,001} 11,840] 11,395] 10,310
Transportation equipment 60,172] 60,541] 60,322 06] +04 60,814] 60,296] 59,471] 64,491
Motor vehicles and parts . . 11,792] 12,184] 12,059 3.0 +0.8 12,029} 11,874] 11,13 11,700
Aircraft, missiles,
space vehicles, and parts. . 44328| 44396] 44304] 0.2] = +02 44,735] 44,442] 44,034] 48,418
Shipbuilding and tanks 1,412 1,394 V4aag] +13 38 1,440 1,431 1,465 1,784
Instruments and related products . 21,983 | 21,926} 21,983 +03 03 22,318] 22,125] 22,166] 22,825
Search and navigation equipment 5,731 5,781 5,810 0.9 05 5,874 5,886 5,851 $,981
Measuring and controlling devices . 6486] 6440] 6,480] -+0.7 06 6557] 6,471 6,525 6,659
Medical instruments and supplies 6.263} 6215] 6,229) +08] = -0.2 6319] 6234] 6,269] 6,337
Photographic goods . . 2670] 2665] 2656] +02) +03 2731 2696] 2,692 3,047
All other durable goods . 23,911] 23,750] 23,457] +0.7] +12 23,945] 23,714] 23,490] 22,276
Nondurable goods industries 143,057| 143,253] 142,067] -0.1] +08] 40.2] 143,948] 143,421] 141,136] 143,984 0.0
With unfilled orders . . . . 33,534] 33,483] 33,271] +02] = +06 02) 34,161] 34,081] 33,559] 34,003] -+0.5
Food and kindred products . 30,775] 30,837] 30,571 02) +09 0.0] 31,018} 30,069] 29,118] 30,061) +3.2
Meat products 3,488| 3,551 3,483 18] 420] +16] 3,457] 3,586] 3,493 3,158] +95
Dairy products 2668] 2656] 2,672] +05 -0.6 -16] 2,780} 2,775} 2,788] 2,872 -32
Beverages... . 5,323 5314] 5303, +02} +02} +01 5,233 5,245 5,283 5,228]  +0.1
All other foods, except fats and oils | 17/621] 17526] 17284] +05] +14] +06] 18079) 16,767) 15,807] 17,403) +39
Tobacco products .......... 5,708] 5,861 5,963 -26 “17 09 5,520] 5,555 5,654] 6,487) -14.9
Textile mill products ...... 9,660] 9,679] 9,666 02} +01 02} 9,731 9867] 9,764] 9,303] +4.6
Broadwoven fabrics and
other textiles ........ 5,424] 5,422] 5,414 00 +01 03 5,413 5,482 5,415 5,208] $3.9
Paper and allied products ..... . 13,582] 13,538] 13,483] +03) +04 0.0} 13,535] 13,523] 13,517] 13,603 05
Pulp, paper, and
paperboard mill products ...... 5,628 5,664 5,707 06 08 +13 5,583 5,618 5,691 5,731
Paperboard containers and boxes . . 3292 3,236] 3206] +1.7) +09] +08] 3,285] 3,259 3,215 3,176
Miscellaneous converted
paper products......... 4,662| 4,638] 4,570] +05] +15] +11 4,667| 4,646) 4,611 4,696
Chemicals and allied products 34,075] 34,263] 33,992 -0.5 +08 0.3} 33,962] 34,177] 33,735] 34,833
Industrial chemicals on 16,031 16,119} 16,019 -0.5 40.6 -0.6| 15,983] 16,127] 15,912} 17,127
Drugs, soaps, and toiletries. . 13,676} 13,768} 13,596 07] +13] +03] 13,867] 13,930] 13,708} 13,664
Petroleum and coal products . 10,637] 10,654) 10,442 02} 420] +14] 10,865} 10,900] 10,557] 11,108
Rubber and plastics products |. 12,699] 12,644] 12,467] +04] +14] +10] 12,527] 12,559} 12,370] 12,007
All other nondurable goods 25,921} 25,777] 25,483] +06] +12] = 40.5] 26,790] 26,771} 26,421] 26,582

* Preliminary. * Revised.

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


10 Total Manufacturing
New Orders and Shipments

Three Month Moving Averages
Billions of Dollars

320 320
New Orders
300 - ------- +--+ --e errr errr errr red Shipments )—1 300
280 280
260 260
240 240
220 1 1 i 1 1 1 1 i 1 L L L L 220
Aug Oct Dec Feb Apr Jun Aug Oct Dec Feb Apr Jun Aug
Aug. 1992 - Aug. 1994
Total Manufacturing
Ratio of Unfilled Orders and
Inventories to Shipments

V/S Ratios UO/S Ratios
2.5 4.1
24bR-------- ec rr rrr rr rr rrr rr re vos [44
2.3 “ys {43.9
2.2 3.8
2.1 3.7

2 3.6
1.9 3.5
1.8 3.4
1.7 3.3
1.6 3.2
1.5 3.1
1.4 3
1.3 2.9
1.2 1 it 1 1 1 L 1 i i. L L 1 1 2.8

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

Note: All Charts based on seasonally
adjusted current dollars.


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

Seasonally adjusted Not seasonally adjusted
Industry Monthly Percent Change Monthly Percent
change
Aug. July June | July- | June- | May- Aug. July June Aug. | Aug
1994? 1994" 1994 | Aug. | July | June | 1994? 1994" 1994 1993 | 94/93
UNFILLED ORDERS
All manufacturing industries ..... | 447,186 | 448,587 | 449,767 03 | 0.3 | +03 | 447,696 | 450,852 | 450,531 | 455,434 “17
Market categories :
Automotive equipment . . . 2,074 | 2,068 | 2,068 | +03 0.0 | +38 | 2078 | 2,075 2,021 1,764 | +178
Home goods and apparel. . - | 10,449 | 10,687 | 10,638 22) +05 06 | 11,242 | 11,512 | 11,048 | 11,182 +05
Consumer staples . . vee 1,873, 1,506 1488 | +44] +12 -07 1,613 1519 1,472 1446 | +115
Machinery and equipment 180,883 } 181,300 | 181,547 02] 01 | +05 | 180,788 | 181,321 | 181,567 | 185,668 2.6
Business supplies ......... +1 5,661 5,685 5,681 04] +01 “10 | 5,761 3,734 | 5,707 5,568 43.5
Construction materials
and supplies ......... . 15,11 | 15,119 } 15,011 ol} +07] +13 | 15394 | 15,427 | 15,181 | 14,907 433
Defense products ............. 105,480 | 106,822 | 108,028 3] -L1] +03 | 104,059 | 106,512 | 107,815 } 115,125 9.6
Other materials, supplies and
and intermediate products ...... | 125,955 | 125,400 | 125,306 | +04] +01 -0.1 | 126,761 | 126,752 | 125,720 | 119,774 45.8
Durable goods industries :
Nondefense capital goods * : 198,984 | 199,294 | 199,670 0.2 0.2 +0.4 | 198,940 | 199,009 | 199,334 | 203,156 2d
Excluding aircraft and parts . . 85,976 | 84,965 | 83,579 | +12] 41.7] +23 | 85,932 | 84,680 | 83,243 | 72,064] +192
Defense capital goods‘. . . ~ | 111345 | 112,490 | 113,782 10} -L1 | +02 | 110,005 | 112,277 | 113,649 | 121,440 9.4
Durables excluding capital goods 112,800 | 112,779 | 112,332 0.0 +04 +0.2 | 113,807 | 114,716 | 112,990 | 107,856 45.5
Miscellaneous series :
Producers’ durable equipment . 212,737 | 212,937 | 212,559 0.1} +02 | 41.0 | 213,351 | 213,395 | 212,207 | 211,399 40.9
Household durable goods ..... . 5,890 | 5,920 5,898 05] +04] +06] 6327] 6324] 6,024 5,982 +58
Information technology industries . 34,537 34,632 33,916 03 42.1 +19 34,948 34,914 34,225 31,523 +10.9
Health care equipment
and products ......... +] 6822 | 6,948 | 6,907 18] 406] -19] 6,823 6,949 | 6,907 7,964 | -143
TOTAL INVENTORIES
All manufacturing industries ..... | 387,095 | 386,645 | 383,106 +0.1 40.9 +0.2 | 390,627 | 387,563 | 381,411 | 383,681 +18
Market categories :
Automotive equipment ......... 6148 | 6,246 | 6,119 -16} +21] +04] 6179 | 6,065 5,897 6,180 0.0
Home goods and apparel ....... | 31,628 | 31,255 | 30,928] +12] +11] +06 | 32230 | 32,162 | 32,113 | 31,059 43.8
Consumer staples... . . : | 58,415 | 58,643 | 58,137 04] +09] +02 | 58977] 58,066 | 36,798 | 59,148 -03
Machinery and equipment ....... | 93,796 | 92,948 | 91,950] +09] +11 | +04 | 94,797 | 921835 | 91,183 | 88,641 +69
Business supplies vesess | 21,209 | 21313 | 20,918 05] +19] -06] 21,620 | 21,553 ] 20,898 | 21,828 -1.0
Construction materials
and supplies 24,776 | 24,759 | 24510 | +01 | +1.0 | +0.7 | 24,760 | 24,887 | 24,715 | 23,605 +49
Defense products . . 23,157 | 23,567 | 23,607 7] 02 -14 | 23,581 | 23,881 | 23,706 | 27,059 | -12.9
Other materials, supplies and
and intermediate products . . . . . 127,966 | 127,914 | 126,937 00] +08 | +02 | 128,483 | 128,114 | 126,101 | 126,161 +18
Durable goods industries :
Nondefense capital goods’ ...... 88,572 | 87,608 | 86,907 +L +08 +04 | 89,793 | 87,884 | 86,267 | 83,521 47.5
Excluding aircraft and parts... 61,634 | 61,018 | 60,338 +1.0 +11 +0.8 | 62,798 | 61,477 | 60,087 56,825 +105
Defense capital goods‘ ........ 24,015 | 24,481 | 24,480 -19 00} -19 | 24,500 | 24,818 | 24,620 | 28,703 | -14.6
Durables excluding capital goods . | 131,451 | 131,303 ] 129,652 +0.1 413 +0.5 | 132,386 | 131,440 | 129,388 | 127,473 43.9
Miscellaneous series :
Producers’ durable equipment . . 150,128 | 149,313 | 147,461 | +05] 413 | +04 | 151,872 | 149,386 | 146,779 | 143,507 45.8
Household durable goods ...... 13,963 13,729 13,559 +17 413 40.4 14,276 14,004 13,886 13,786 43.6
Information technology industries 33,050 | 32,722 | 32,560] +10] +05 | +08] 33872 | 33,090 | 32,256 | 30,558] +108
Health care equipment
and products .............. 13,694 | 13,694 | 13,615 00] +06] +01 | 13,850 | 13,800 | 13,713 | 13,750 +0.7

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


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

Seasonally adjusted Not seasonally adjusted *
Monthly Percent Change Monthly Percent ] Year to date
Industry change

Aug.| July] June | July-] June-] May-| Aug.] July] June | Aug. | Aug.
1994} 1994] 1994] Aug.| July] June} 1994°] 1994" 1994] 1993] 94/93] 1994" | — 1993

SHIPMENTS,
All manufacturing industries... . . | 287,860] 275,485] 278,566] +4.5 -1.1]  +0.8} 287,865} 250,532] 300,347) 256,056} +12.4| 2,188,343 |2,023,338

Market categories :
Automotive equipment . . ..| 14,796] 12,098] 13,715] 422.3] 11.8] +14) 14,259] 8,565] 15,033] 10,883] +31.0] 109,415] 92,587
Home goods and apparel =| 19231] 18,867] 18,841] +19] 40.1] -1.7] 20,634) 17,754] 19,604] 19,138] +7.8] 147,014) 136,217
Consumer staples . . 60,024] 58,757] 58,436 +221 +0.5] +14) 60,853] 56,445] 61,363) 56,990] +68] 460,102] 448,066
Machinery and equipment ... 1 51046] 47,275] 49,431] +80] -4.4) +23] 48,145] 40,037] 56,214] 41,602] +15.7] 381,468] 338,525
Business supplies .............| 21,546] 21,223) 21,038] +1.5| +0.9] +1.0 21,532] 20,070] 21,752] 19,252] +11.8] 164,222] 154,099
Construction materials

and supplies ....-.f 18,413] 17,956] 17,663] +2.5] +17] -0.1] 19,350] 17,179] 19,366] 17,240) +12.2] 141,623] 129,922
Defense products . : :.| 7534] 7315] 7,262] +3.) +07} -0.2] 7,332) 6,696] 7,745] 7,131] +2.8] 56,855} 59,321
Other materials, supplies an

and intermediate products .

95,270] 91,994} 92,180] +3.6} 0.2} +0.5] 95,760] 83,786] 99,270} 83,820] +14.2| 727,644] 664,601

Durable goods industries :
Nondefense capital goods *
Excluding aircraft and parts
Defense capital goods‘ ......

37,939} 36,686) 37,315) +3.4 1.7] +3.0] 35,530] 31,994] 43,342) 31,707) +12.1] 284,446) 255,393
33,179) 32,076) 32,603} +3.4 -1.6]  +2.3) 31,183} 28,018} 37,643) 26,172) +19.1] 247,157} 212,112
7,117) 6,838] 6,860) +4.1 0.3] +0. 6,854] 6,164) 7,370} 6,752] +15 53,295] 57,142

Durables excluding capital goods 110,558} 102,948] 105,835] +7.4 -2.7]  +0.3} 110,069} 88,227] 114,389] 93,475) +178 836,171} 740,323
Miscellaneous series :
Producers’ durable equipment .... | 100,518] 92,690] 96,602) +84] 4.0} +1.1) 96,259] 76,481] 107,699] 82,253] +17.0] 754,512] 666,798
Household durable goods see 8,246] 8,021 8,108] +2.8 -1.1f +0.) 8,455) 6,993) 8,371 7,647) +10.6 61,775] 56,772
Information technology industries 17,902} 17,364) 17,782) +3.1 2.4) +2.0] 16,706] 14,587) 21,348] 14,641] +14.1] 132,941] 114,074
Health care equipment
and products ........... . 8,718) 8,480) 8,512) +2.8] 0.4) +0.1 8,609] 7,837) 9,129] 8,079] 46.6 66,624] 64,064
NEW ORDERS
All manufacturing industries... 286,459] 274,305] 279,788] +4.4 2 +0.8] 284,709] 250,853] 298,809] 252,422] +12.8]2,197,681 |2,006,586
Market categories :
Automotive equipment ........ 14,802] 12,098] 13,790] +22.4] -12.3] +1.8) 14,262} 8,619] 15,052| 10,888] +31.0] 109,591] 92,766
Home goods and apparel ...... 18,993] 18,916] 18,773] +0.4] +0.8) -3.3| 20,364) 18,218] 19,451] 19,090) +6.7| 149,593] 138,809
Consumer staples .........- 60,092] 58,775} 58,426] +2.2) +0. +1.2) 60,948] 56,492} 61,416] 56,993) +6.9| 460,239] 448,073
Machinery and equipment ...... 50,630] 47,027} 50,308) +7.7| 6.5] +6.2| 47,611] 39,791] 56,493] 40,183] +18.5] 382,031] 326,688
Business supplies... . veeee-} 21521] 21,228] 20,980] +14] +1.2}  +0.3} 21,560] 20,096] 21,629] 19,354) +11.4] 164,616] 153,978

Construction materials
and supplies .......
Defense products :
Other materials, supplies and
and intermediate products ......| 95,825] 92,088] 92,078] +4.1] 0.0) -1.0) 95,767] 84,820} 97,438] 82,379] +16.3| 738,464) 664,660

18,405] 18,064] 17,852] +19] +12] +03] 19,318] 17,425] 19,487) 17,266] +11.9) 143,143] 130,502
6,191, 6,109} 7,581] +1.3} -19.4) -1.7] 4,879) 5,392] 7,843} 6,269] -22.2 50,004] 51,110

Durable goods industries :
Nondefense capital goods? .... . 37,629] 36,310 38,055] 43.6] -4.6 +72) 35,461] 31,669] 43,450] 30,274] +17.1] 286,049] 241,365
Excluding aircraft and parts ....| 34,190] 33,462] 34,502) +2.2| +75) 32,435| 29,455| 38,910] 26,858|  +20.8] 257,431] 213,916
Defense capital goods‘ ..... ».{ 51972) ~5,546) 7,050] +7.7 -1:8] 4582] 4,792] 7,280] 5,762 -20.5] 46,162] 48,802
Durables excluding capital goods. | 110,579] 103,395] 106,106] +6.9| -2.6 -0.6 109,160] 89,953] 112,873] 92,410] +18.1] 846,826] 745,018

Miscellaneous series :

Producers’ durable equipment .... | 100,318] 93,068] 98,703) +7.8) +3.4] 96,215] 77,669] 108,579] 81,802] +17.6| 761,720] 659,823

Household durable goods 8.216] 8,043] 8,146) +2.2| -42] 8,458] 7,293] 8236] 7.7691 +8.9) 63,267) 58,328
Information technology industries 17,807] 18,080} 18,422] -1.5 470 16,740] 15,276| 21,768] 14,431] +16.0] 135,803] 114,481
Health care equipment

and products ..............- 8,593) 8,521] 8,377] +08] +17] -0.5] 8,483] 7,878] 8,994] 7,924] +7.1| 65,960} 63,576

» Preliminary. * Revised.

' Topical series are regroupings of the separate industry categories.

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

) Nondefense capital goods industries include : ordnance and accessories; steam, gas and hydraulic turbines; internal combustion engines; construction, mining, and material
handling equipment; metalworking machinery; special industry machinery; general industrial machinery; computer and office equipment; refrigeration, heating and service

industry machinery; electrical transmission and distribution equipment; electrical industrial apparatus; communications equipment; aircraft, missiles, space vehicles, and engines
and parts; ships and tank components; railroad equipment; and search and navigation equipment.

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

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


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

Taventory / Shipments ratio Unfilled Orders / Shipments ratio®
Industry Aug. July June May Aug. July June May
1994 194" 1994 1994 1994" 1994" 1994 1994
All manufacturing industries... . . 134 140 138 138 2.89 2:99 2.98 3.01
Durable goods industries . . 137 1.66 161 1.62 3.47 3.60 3.58 3.60
Stone, clay, and glass products - 1.09 Ll il 13 1.14 1.16 117 122
Primary metals... .. a 149 1155 155 155 194 2.00 199 1.98
Fabricated metal products 150 137 135 133 1.44 1.49 1.49 1.47
Industrial machinery and equipt 173 179 179 179 238 242 237 233
Electronic and other
electrical equipment... .. a 1.63 1.63 1.61 1.61 1.96 2.02 2.06 2
Transportation equipment ..... . . 1.48 1.75 1:56 1.62 10.64 11:53 10.92 1131
Instruments and related products... - 1.96 2.02 198 199 434 431 441 4.40
Nondurable goods industries . . 1.08 LiL 1 Lil 0.74 0.75 0.76 0.76
Food and kindred products 0.86 0.88 0.86 0.88 (X) fe) &) (x)
Tobacco products ... 2.02 2 245 238 &) &) & &)
Textile mill products . 1.55 1:56 1.55 1.56 (NA) (NA) (NA) (NA)
Paper and allied products . . : 116 119 120 121 (NA) (NA) (NA) (NA)
Chemicals and allied products... . - 118 122 121 122 ® (x) &) (&)
Petroleum and coal products : 0.83 0.86 0.86 0.87 &) &) &) &)
Rubber and plastics products - 131 136 1:33 131 ) & &) &)

” 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; appare! 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
Aug. Aug. Aug. Aug.
‘Aug? | 1993- Aug? | 1993- Aug? | 1993- Aug} 1993-
Aug! | 1989-] July | Aug. | 1989-] July | Aug! } 1989-] July | Aug} 1989) July
1994 | 1993] i994] 1994] 1993] 1994] 1994] 1993] 1994] 1994] 1993 | _1994
All manufacturing industries .. . . (xX) 0.2 02 (X) 02 0.2 & 01 Ol () 0.0 0.0
Durable goods industries ....... 0.1 03 03 0.1 03 03 0.0 O41 0.1 &) 0.0 0.1
Stone, clay, and glass products . . (x) 04 07 (X) 09 15 (xX) 05 09 (xX) 02
Primary metals ........ 0.0 03 04] 08 06 08} -04 03 04 &® O14
Fabricated metal products . . a (X) 02 04 (X) 0.5 05 (X) 03 03 (x) 0. 03
Industrial machinery and equipment . 04 04 05 0.6 0.6 07 0.0 01 02 &) 0. 0.1
Electronic and other
electrical equipment... . 0.0 02 03 0.0 06 06 0.0 02 03 & 01 02
Transportation equipment . . . . : Ol 10 05 02 08 0.7 0.0 02 01 &) 0.0 02
Instruments and related products . . . . e9) 04 0.5 &) 0.8 21 & 0.2 04 (x) 0.1 03
Nondurable goods industries . X) 0.1 02 X) 0.1 02 (x) 03 04 (x) 0.0 0.1
Food and kindred products . 8 0.1 03 8 (X) (xX) (X) (X) (xX) (X) 02 01
Tobacco products ...... (x) 02 02 (X) (x) (x) &) & (xX) (x) 0.1 0.0
Textile mill products .. . & 03 04 (X) | @NA) | (NAD ® iA) | (NA) &) 02 02
Paper and allied products . . : () 01 0.2 (X) | (NA) | (NA) (X) | (NA) | (NA) & 0.0 0.1
Chemicals and allied products . . (x) 02 02 (xX) (xX) (X) (x) (X) (X) (Xx) 0.1 02
Petroleum and coal products... ... . &) 03 05 & &) & (x) &) & &) 04 04
Rubber and plastics products ..... . (Xx) 03 02 (x) (x) (x) (x) (x) (x) &) 01 0.1
Capital goods industries :
Nondefense : 04 07 0.5 0.6 0.6 05 0.0 02 0.1 () 0.0 Ol
Defense .... 0.1 07 04 02 29 6.1 0.0 0.2 03 & 0.1 02

(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 reliminary and final estimates. The
monthly averages are the simple averages of the absolute values of the differences for the months specified. The advance to final percent change revisions for the
durable goods industries are shown in the advance report for the month.

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


CURRENT INDUSTRIAL REPORTS

ney,
a4

a)

Frans of

J. + Den,
nn

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

* Manufacturers’ Shipments,
Inventories, and Orders

August 1994
M3-1-(94)-08
For Wire Transmissions 10:00 a.m. E.D.T. October 5, 1994

Kathy Menth or Gloria Cable
(301)763-2502 or (301)763-2575

Summary

New orders for manufactured goods in August increased
$12.2 billion or 4.4 percent to $286.5 billion, the largest
increase since December 1992, the Department of Commerce,
Bureau of the Census reported today. This follows a 2.0
percent decrease in July and is the eleventh increase in the last
thirteen months. Year-to-date new orders for 1994 are 9.3
percent above the same period a year ago.

Shipments increased $12.4 billion or 4.5 percent to
$287.9 billion, following a 1.1 percent decrease in July. This
is the largest increase since May 1979 and is the tenth increase
in the last thirteen months. Year-to-date shipments for 1994 are
8.0 percent above the same period a year ago.

Unfilled orders decreased $1.4 billion or 0.3 percent to
$447.2 billion, following a 0.3 percent decline in July. The
unfilled orders-to-shipments ratio decreased to 2.89 from 2.99
in July, the lowest since May 1964.

Inventories increased $0.4 billion or 0.1 percent to $387.1
billion, following a 0.9 percent increase in July. This is the
seventh increase this year. The inventories-to-shipments ratio
decreased from 1.40 in July to 1.34 in August, the lowest on
record.

New Orders

New orders for manufactured durable goods in August
increased $8.9 billion or 6.1 percent to $154.2 billion,
following a 3.9 percent decrease last month. The August
percent change is revised from the previously published 6.0
percent increase. The increase is the eleventh in the last
thirteen months and the largest since December 1992. Motor
vehicles and parts, which was heavily affected by the growing
practice of shutting down for two weeks in July, contributed to
over half of this month’s increase and over half of last month’s
decline.

Transportation equipment had the largest increase, up $6.2
billion or 19.3 percent to $38.5 billion, primarily due to motor
vehicles and parts and aircraft and aircraft parts. Industrial
machinery and equipment was up $1.3 billion or 4.6 percent to
$29.8 billion, following a 1.2 percent decline in July; nearly all
components ‘increased in August with engines and turbines
having the largest increase. Primary metals increased $0.5
billion or 4.0 percent to $13.5 billion, following a 0.6 percent
decrease in July.

New orders for nondurable goods were $132.3 billion, up
$3.2 billion or 2.5 percent from July, the tenth consecutive
increase and the largest since August 1990. All major
industries increased except leather and leather products.

Shipments

Shipments of durable goods in August increased $9.1
billion or 6.2 percent to $155.6 billion, following a 2.4

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

percent decline in July. The August percent change is revised
from the previously published 6.1 percent increase. This is the
fifth increase this year and the largest since August 1989. All
major groups increased with transportation equipment having
the largest increase, up $5.9 billion or 17.0 percent to $40.6
billion, primarily due to motor vehicles and parts. This is the
largest increase since the 22.0 percent increase in February
1990. Industrial machinery and equipment was up $1.2 billion
or 4.3 percent to $28.4 billion. This follows a July increase of
0.5 percent and is the fourth consecutive monthly increase.
Primary metals was up $0.5 billion or 3.9 percent to $13.3
billion, the seventh consecutive increase.

Shipments of nondurable goods increased $3.2 billion or
2.5 percent to $132.2 billion, the tenth consecutive monthly
increase and the largest since “August 1990.

Unfilled Orders

Unfilled orders for durable goods in August decreased
$1.4 billion or 0.3 percent to $423.1 billion. The percent
change is the same as reported earlier. This is the second
consecutive decline following three increases in a row.
Transportation equipment, down twenty-seven of the last
twenty-eight months, had the largest decrease, down $2.0
billion or 1.0 percent to $204.2 billion, due to aircraft and parts
and shipbuilding and tanks. Electronic and other electrical
equipment declined $0.7 billion or 1.5 percent to $45.4 billion,
following a 1.3 percent decline in July. Industrial machinery
and equipment, up for the fourteenth consecutive month, had
the largest increase, up $1.4 billion or 2.2 percent to $63.0
billion, with increases in nearly all categories. Unfilled orders
for nondurable goods increased 0.1 percent to $24.1 billion, the
tenth consecutive increase.

Inventories

Inventories for durable goods in August increased $0.6
billion or 0.3 percent to $244.0 billion, following a 1.0 percent
increase in July. This is the fifth consecutive increase and the
seventh this year. Electronic and other electrical equipment had
the largest increase, up $0.6 billion or 1.5 percent to $37.7
billion, the twentieth increase on the last twenty-two months.
Industrial machinery and equipment increased $0.4 billion or
0.8 percent to $49.3 billion, the seventeenth consecutive
increase. Transportation equipment decreased $0.4 billion or
0.6 percent to $60.2 billion, primarily due to motor vehicles
and parts. Nondurable goods inventories decreased $0.2 billion
or 0.1 percent to $143.1 billion, the first decline since April.

By stage of fabrication, finished goods increased 0.7
percent in durables and declined 0.3 percent in nondurables.
Work in process decreased 0.1 percent in durables and 0.1
percent in nondurables. Materials and supplies increased 0.4
percent in durables and were unchanged for nondurables.

The advance report on durable goods for September is scheduled for October 26, 1994 at 8:30 a.m. and the full report on November 2, 1994 at 10:00 am. 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 (301-763-2074) can provide content information and general guidance.


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

New Orders

Shipments

38

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

Defense Capital Goods
New Orders and Shipments
Three Month Moving Averages

Billions of Dollars
11 11

New Orders

WP ------------- 2-2-2 + +2222 2-2-2 eee eee

10
Shi

a 49

ts

5 L L 1 L n n n L n 1 L Ld 5

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

Note: All Charts based on seasonally
adjusted current dollars.


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

(Millions of dollars)

Seasonally adjusted

Not seasonally adjusted

Industry Monthly Percent Change Monthly Percent
change
Aug. July June | July- | June- | May- Aug. July June ‘Aug. | Aug.
1994" | 1994" 1994 | Aug. | July | June | 1994" | 1994" 1994 1993 | 94/03
MATERIALS AND SUPPLIES
All manufacturing industries 124,102 | 123,776 | 122,764 | +03] +08] +05 | 124,936 | 123,788 | 121,883 | 121,623 42.7
Durable goods industries . . 72,050 | 71,732 | 70,763 | +04] +14] +08 | 73,056 | 71,774 | 70,139 | 69,389 | +53
Stone, clay, and glass Products Dill | a'saa | 23542 | 2/524] 40.1 | 40.7 | 22 | 2562 | 2'553 | 21525 | 2528] +13
Primary metals . 6043 | 6,030 | 6021 | +02] +01 02 | 6143 | 6079 | 3'965 | 6.209 “Ll
Fabricated metal products 77979 | 8,061 | 7,932 10} +16] +10} 8039} 8088 | 7939] 7,811 429
Industrial machinery and equi 16317 | 15911 | 15;532 | +26] +24] 418 | 16,622 | 15,903 | 15,414 | 14,452 | +15.0
Electronic and other
electrical equipment . . 12,222 | 12,063] 11,806] +13] +22] +17] 12,404] 12,204] 11,771 | 10,683 | +16.1
Transportation equipment a 10,763 | 11,026 | 10,965 24] +06] +02} 10967} 10921 | 10,788 | 11,982 85
Instruments and related products 6.732 698 680 | +05] +03} 06} 6805} 6717] 6,722 183 05
Lumber, furniture and
miscellaneous durable goods 9450 | 9,401 | 9303] +05] +11] +07] 9514] 9309] 9,015] 8,885 +71
Nondurable goods industries... . 52,052 | 52,044 | 52,001 oo} +01 | +01 | 51,880 | 52,014 | 51,744 | 52,234 0.7
Food and kindred products . 9968 | 9918 | 10045] +05] -13 | +13] 9707] 9,701 | 9875 | 9,808 “1.0
Tobacco products 4398 | 4985 | soos | -17] -16 | -09 | 4,705 | 4;712 | 41829 | 5,102 -78
Textile mill products - 2796 | 2778 | 2757 | +06] +08] -10] 2819} 2867 | 2,795 | 2631 +71
Paper and allied products ° 6756 | 6685 | 6631] +11] +08} -04] 6739 | 6659] 6601 | 6,720] +03
Chemicals and allied products 11230 | 11274 | 11173 04] +09] 09] 11281 | 11351 | 11,192 | 11,464 “16
Petroleum and coal products... 3031 | 3054] 3089 | 08] -11 | 421 | 3102 | 3124 | 31st | 3,149 “15
Rubber and plastics products |... 4705 | 4671 | 43588] +07] +18] +09] 4650] 4683 | 4517] 4343 | +71
Apparel, printing, and publishing
and leather goods . . . 8,668 | 8679] 8650] -01 | +03] +02] 8877] 8917] 8,784] 9,017 -16
WORK IN PROCESS
All manufacturing industries 130,255 | 130,419 | 129,760 +05 | +0.7 | 131,760 | 130,863 | 128,762 | 130,947 +06
Durable goods industries... . . 106,401 } 106,531 } 106,108 +04 | +06 | 107,816 | 106,930 | 105,479 | 107,568 +02
Stone, clay, and glass products 1,035 ‘045 043 +02 | 09 | 1046 | 1,065 1,057 126 “71
Primary metals ....... . 7,512 7,552 7,389 +22 +17 7,643 7,612 7,320 7,211 +6.0
Fabricated metal ‘products 7656 | 7,706 | 7/478 430] 401) 7736 | 7,732 | 71432 | 71727 | +01
Industrial machinery and equipment’ | 19,030 | 19,023 | 19,403 20} +421 193310 | 181995 | 19,081 | 18560] +4.0
Electronic and other
electrical equipment ........ 15,373 | 15,308 | 15,082 +15 | +11] 15,678 | 15,487 | 15,113 | 14,221 | +102
Transportation equipment - 413516 | 41°589 | 41,441 +04] -11 | 41,804 | 41,524 | 41,060 | 44,094 “32
Instruments and related products 9196 | 9269 | 91329 06 | +02] 9441 | 91433] 9415 | 91932 49
Lumber, furniture and
miscellaneous durable goods .. . . 5,083 | 5,039 | 4,943 +19] 02] 5,158 | 5,082 | 5,001 | 4,697 +98
Nondurable goods industries 23,854 | 23,888 | 23,652 +10 | +11 | 23,944 | 23,933 | 23,283 | 23,379 +24
Food and kindred products 41063 | “4,126 | “4,116 +02 | +20 | °3:745 | 3,875 3832 | | 3,512 +66
Tobacco products... 178 173 171 +12 | +24 144 127 126 144 0.0
Textile mill products: : 2,567 | 2,607 | 2,571 +14 00 | 2,575 | 2,641 | 2,558 | 2,495 +32
Paper and allied products: : : ri94 | 1196 | 1.201 04} -11 1218 | 1,224 1228 | 1,247 23
Chemicals and allied products 5499 | 51519 | 5,504 403 | +404] S551] S551 | 51458 | 5,828 43
Petroleum and coal products 2320 | 2322 | 2271 422 | +07] 2395 | 2389 | 2303 | 2,645 95
Rubber and plastics products. 1350 | 1854] 1,829 +14] 422] 1847 | 17322 W770 | 1,724] +71
Apparel, printing, and publishing
and leather goods ...... 6,183 | 6091 | 5,989 +17] +16] 6469 | 6304 | 6008 | 5,784 | +118
FINISHED GOODS
All manufacturing industries... . 132,738 | 132,450 | 130,582 | +02} +14] -05 | 133,931 | 132,912 | 130,766 | 131,111 422
Durable goods industries. . 65,587 | 65,129 | 64,168 | +07] +15 | -1.0 | 65,807 | 65,438 | 64,657 | 62,740 +49
Stone, clay, and glass products 37856 | 3,871 | 3810] 04] +16] -07] 3,78 3,895 | 3,826 | 3.921 35
Primary metals - 6275 | 6310] 6289] -06] +03] -O1 | 6285} 6311 | 6255 | 6136 +24
Fabricated metal products / | 8046 | 7999 | 7803 | +06] +25] +08] 7986 | 8082 | 8061 7.766 | +28
Industrial machinery and equipment | 13,948 | 13/967 | 13,601 ~0.1 | 427] 45 | 14027 | 14,002 | 13,471 | 13/021 +77
Electronic and other
electrical equipment 10,136 | 9,787 | 9,564 | 43.6] +23] +02 | 10337] 9,999 | 9,918 | 8,733 | +184
Transportation equipm 77393 | 7/92 7916 04] +01] -10 043 | 7,851 7623 | 8,415 44
Instruments and related produc 6055 | 5959 | 5974] +16] -03 00 | 6072] 51975] 6029 | 6054] +03
Lumber, furniture and
miscellaneous durable goods . 9378 | 9310] 92 | +07] +11] +05] 9273 | 9,323 | 9,474] 8,694
Nondurable goods industries 67,151 | 67,321 | 66,414 +14] 0.1 | 68,124 | 67,474 | 66,109 | 68,371
Food and kindred products « 16,744 | 16,793 | 16,410 3] 423 | -12] 17/566 | 16493 | 15411 | 16,741
Tobacco products 63: 703 724 ol} 29] -16 671 716 6 1,241
Textile mill products 4297 | 4294 | 4,338 or} -10}] +03] 43371 4359} 4411 | 4,177
Paper and allied products 5,632 | 5,657 | 5,651 04) +01 | +407} 5578] 51640 | 5,688 | 5,636
Chemicals and allied products 173346 | 17,470 | 17,315 7] +09] -01 | 17130 | 17,275 | 17,085 | 17,541
Petroleum and coal products 5/286 278 082 02) +39] +13 3368 | 5,387 | 5.103 | 5,314
Rubber and plastics products | 6144] 6119 | 6,050 04] +11] +06] 6030] 6.054 | 6083 | 5,940
Apparel printing, and publishing
and leather goods . . . . 11,070 | 11,007 | 10844] +06} +15] +01 | 11,444 | 11,550 | 11,629 | 11,781

* Preliminary. ‘ Revised.

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


Table 3. VALUE OF MANUFACTURERS’ UNFILLED ORDERS FOR INDUSTRY GROUPS
(Millions of dollars)

Seasonally adjusted

Not seasonally adjusted

Industry Monthly Percent Change Monthly Percent
change
Aug. July June} July-| June-|_— May- Aug. July June Aug.| Aug
1994? 1994" 1994] Aug.] July} June 1994" 1994" 1994 1993] 94/93
All manufacturing industries 447,186 | 448,587] 449,767 03 03} +03] 447,696} 450,852] 450,531] 455,434] -1.7
Manufacturing industries
without defense capital goods . . 335,841} 336,097] 335,985 0.1 0.0] +03] 337,691] 338,575} 336,882] 333,994) +1.
Durable goods industries. 423,129] 424,563] 425,784 03 03] +03] 422,752] 426,002] 425,973} 432,452 22
Stone, clay, and glass products 7,307} 7,335 7,295 04} +05 241 7,764) 7,746) 7,382] _7,789 03
Primary metals . . : 25'839| 25,605] 25390] +09] +08] +15] 25,825] 26,293] 26,044] 22,185] +16.4
Blast furnaces, steel mills 11,017] 10,901] 10,978} = +1.1 07} +03) 11028] 11,091] 11,189] 10,235) —-+7.7
Iron and steel foundries oo 3,502 3,569 3,527 19 +12 42.8 3,477 3,634 3,515 2,873 | +21.0
Nonferrous and other primary
metals.......... . 11320] 11,135] 10,885] 41.7] 423] 42.2] 11,320] 11,568] 11,340] 9,077] +24.7
Fabricated metal products 20876 | 20,784] 20636] +04] +07) +04] 20,964] 20,794] 20,550] 21,316 “17
Industrial machinery and equipment 62,968] 61,597] 60,366] +22] +20) +29] 62,947] 61,295] 60,070] 50,774] +24.0
Engines and turbines 10,628] 10,050] 9,997] +58] +05 02) 10,754] 9.876] 9,647] 10,089] +6.6
Construction, mining and
material handling equipment 6,591 6,615 6,644 -04 04] 425] 6,472] 6,508 6,591 5,640] +148
Metalworking machinery .. . 9378] 9,192] 9126] +20) +0.7] +48] 9378] 9,192] 9,126] 7,000) +34.0
Computer and office equipment . . . 9960| 9,699] 9121] 42.7] +63] +39] 10358) 9,956] 9,420) 7,350) +409
Electronic and other
electrical equipment ...... 45,399] 46,105] 46,717 “15 “13 1.0] 45,268] 46,256] 46,413] 43,940] +3.0
Electrical transmission and
distribution equipment and
industrial apparatus . . 5,966] 6,024] 6,057 10] -05 07] 5,970] 6,039 6,023 5,819] +26
Electric lighting and
wiring equipment... .... - 3,526] 3,511 3,450 +18] +14] 3,526] 3,511 3,450] 3,198} +103
Communications equipment 14,053] 14,415] 14,588 12 2.1] 13,982] 14,405] 14,544] 13,585] +2.9
Electronic components 16,309 16,507 16,698 “Ld 2.6 16,227 16,669 16,633 16,163 40.4
Transportation equipment 204,154} 206,193} 208,565 “ld -0.3| 203,292] 206,162] 208,834} 225,150] — -9.7
Aircraft, missiles,
space vehicles, and parts. 175,589 | 177,264] 180,040 “15 02] 174,706] 177,193] 180,429] 196,175] -10.9
Shipbuilding and tanks ....... 16,178] 16,689} 16,662 40.2 37] 16,199] 16,711] 16,698] 20,594} -213
Instruments and related products . 48,613 | 49,048] 48,994 +01{ +08] 48,251] 48,927] 48,527] 53,119] -9.2
Search and navigation equipment 31,923] 32,127} 32,207 02| 422] 31537) 31,995] 31,729] 35,295] -10.6
Measuring and controlling devices . 9,136 9,230 9,119 +12 -1.0 9,136 9,230 9,119 9,022 +13
Medical instruments and supplies 6,791 6,917 6,877 +0.6 -19 6,791 6,917 6,877 7,934]  -144
All other durable goods ... . 1973 7,896 7,821 +10 0.2 8,441 8,529 8,153 8,179 43.2
Nondurable goods industries . . . . 24,057] 24,024] 23,983 +0.1 40.2 40.1] 24,944] 24,850] 24,558] 22,982 48.5

» 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
Aug.{ July] June | July-} June-] May-| Aug.| July] June | Aug. | Aug.

1994? 1994" 1994] Aug.| July} June} 1994" 1994° 1994 1993 | 94/93 1994" 1993

All manufacturing industries . + | 286,459] 274,305] 279,788] +4.4) -2. +0.8] 284,709] 250,853} 298,809] 252,422) +12.8] 2,197,681 |2,006,586

Manufacturing industries
with unfilled orders... .

. 153,399] 148,742] 152,062) +3.1]  -2.2] +1.1] 150,015] 134,416] 162,090] 132,658] +13.1] 1,179,675 1,053,274
without defense capital goods .

280,487} 268,759] 272,737) +4.4] -1.5}  +0.9] 280,127) 246,061} 291,529} 246,660} +13.6]2,151,519 1,957,784

Durable goods industries
With unfilled orders a
Stone, clay, and glass products .

154,180} 145,251] 151,212] +6.1
120,673] 116,728] 120,290] +3.4
6,798) 6,787| 6,484) +0.2]

41.2} 149,203] 126,414] 163,603] 128,446] +16.2} 1,179,037 |1,035,185
+1.4] 116,418] 103,757] 129,768) 102,746) +13.3] 929,261] 820,144
0.91 7,336] 6,922 6,987) 6,362) +15.3 53,376] 46,685

Primary metals... . «.....++-] 13,539] 13,020} 13,098] +4.0] -1.9} 12,978} 11,899} 13,550] 10,732] +20.9) 104,814] 93,190
Blast furnaces, steel mills .......] 6,025] 5,629} 5,675] +7.0] -1.4) 5,870} 5,107] 5,851] 5,112] +148] 46,615] 43,736
Iron and steel foundries ..... 1,204] 1,225] 1,250} -1.7 +14) 1,145] 1,054] 1,339] 931} +23.0 9,890} 8,223
Nonferrous and other primary

metals ............ vs--+-1 6,310) 6,166} 6,173] +23] -0.1] 3.0 5,963] 5,738] 6,360] 4,689] +27.2) 48,309] 41,231

Fabricated metal products. . -| 15,837] 15,297] 15,031] +3.5]  +1.81 -2.0) 16,009] 13,753] 15,981] 14,148] +13.2| 120,786] 109,934
Industrial machinery and equipment . | 29,788] 28,484] 28,821] +4.6 -1.2} +3.0) 27.914] 24,720] 32,532] 22,583] +23.6| 221,377] 184,063
Engines and turbines... . 2,517] 1,696] 2,015] +484] -15.8) +45] 2,607] 1,431] 2,518] 1,604] +625] 14300] 11,578
Construction, mining and

material handling equipment . . . 2,843] 2,738] 2,853] +3.8] 4.0, +3.0) 2,711] 2,430] 3,019] 2,426) +11.7] 22,333] 19,687
Metalworking machinery .......] 3,273] 3,046] 3,176{ +7.5] -4.1] +10.0] 3,103] 2,538] 3,389} 2,479} +25.2] 23,755] 19,328
Computer and office equipment ...| 7,630] 7,756] 7,683, -1.6] +1.) +09) 6.953] 6,182] 9,827} | 5,839] +19.1] 57,457] 46,722
Electronic and other
electrical equipment ......... 22,454) 22,183] 22,190] +1.2] 0.0 +0.1] 21,898] 20,133] 23,186] 19,516] +122] 173,712] 149,051

Electrical transmission and
distribution equipment and

industrial apparatus ........... 2,604) = 2,613) 2,593) 0.3] +0.8} -+1.6] 2,532] 2,369] 2,806} 2,438) +39 20,887) 19,111
Electric lighting and
wiring equipment satttreeeees 1,877 1,870 1,800] +04) 43.9) -0.3} 1,843, 1,590 1,937 1,615} +141 14,148] 13,268
Communications equipment .... . 4,721 4,866] 4,700] -3.0]}  +3.5] +61) 4,413 4,215) 5,322] 3,948} +11.8 35,967} 29,089
Electronic components ....... 8,152 7,830) 7,696] 44.1) +1.7]  -3.3) 7,925 7,409) 7,538) 6,725] +17.8 63,252} 52,561
Transportation equipment ....... +] 38,528] 32,297) 37,910) +19.3] -14.8) +2.2) 35,885] 23,325] 41,930] 29,749] +20.6] 293,885] 254,159
Aircraft, missiles,

-1.2) 5,622] 4,055 9,319) 6,253} -10.1 56,707] 53,327

space vehicles, and parts. ..... 6,975) 5,466] 8,043]
tees +32.7) 406) 820) 742) 896] -54.7 4,824 6,985

Shipbuilding and tanks . 424) 877] 682]

Instruments and related products ....] 10,777] 10,922] 11,508 3 1] +10.5] 10,216] 10,195] 12,317] 9,983] +23) 82,403] 80,766
Search and navigation equipment | 2,337] 2,528] 3,150] -7.6| -19.7} +50.1) 1,955] 2,572] 3,072} 2,267) -13.8] 16,486] 19,004
Measuring and controlling devices 3,191] 3,250] 3,126] 1.8] +4.0, +12} 3,142) 2,917] 3,349] 2,767] +13.6| 25,331] 22,517
Medical instruments and supplies .] 2'931] 3,046] 2,875] -3.8] +5. -0.41 2/858] 2,815] 3,156] 2,752] +3.9| 22,828] 22,451

All other durable goods .......... 16,459] 16,261] 16,169] +12} +0.64 -2.1] 16,967] 15,467] 17,120] 15,373) +104) 128,684] 117,337

Nondurable goods industries ...... .| 132,279] 129,054] 128,576] +25] +0.4) +0.4] 135,506] 124,439] 135,206] 123,976] +9.3] 1,018,644] 971,401

With unfilled orders... .. 32,726] 32,014] 31,772 +22] +0.8] +03) 33,597] 30,659} 32,322] 29,912] +123] 250,414] 233,130

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

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

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


Table 1. VALUE OF MANUFACTURERS’ SHIPMENTS

(Millions of dollars)

FOR INDUSTRY GROUPS

Seasonally adjusted Not seasonally adjusted’
Monthly Percent Change Monthly Percent ] Year to date
Industry change
‘Aug.| July} June | July-] June-] May-] Aug. July] June] Aug. | Aug.
1994 | 1994] 1994] Aug.| July] June] 1994"] 1994"} 1994] 1993] 94/93 | 19947) 1993
All manufacturing industries . . 287,860} 275,485] 278,566] +45] 1.1] +0.8] 287,865] 250,532| 300,347] 256,056] | +12.4)2,188,343 }2,023,338
Manufacturing Industries
with unfilled orders . . 154,800} 149,922] 150,840] +33) -0.61 +1.1] 153,171] 134,095] 163,628] 136,292] +12.4] 1,170,337 11,070,026
without defense capital goods 280,743] 268,647| 271,706] +45] 1.1] +0.8] 281,011] 244,368] 292,977] 249,304)  +12.7)2,135,048 |1,966,196
Durable goods industries. . 155,614] 146,472| 150,010] +6.2| -2.4] +1.0} 152,453] 126,385] 165,101] 131,934]  +15.6] 1,173,912 11,052,858
With unfilled orders ....... 122107] 117,949] 119,088] +3.5| -1.0]_ +1.1] 119,668] 103,728] 131,266] 106,234] +12.6] 924,136] 837,817
Stone, clay, and glass products 6826, 6.747] 6,661] +12| +13) +09) 7,318) 6,558] 7,336] 6,247] +17.1] 52,431] 45,288
Primary metals 13'303| 12/805] 12.734] +39] +0.6| +0.5] 13,446) 11,650) 13,514] 11,452) +174) 100,537) 91,681
Blast furnaces, steel mills . . 51909] 5.706] 5,645| +3.6/ +11] -0.4] 5,933] 5,205] 5,936) 5,357] +10.8) 45,299] 41,923
Iron and steel foundries. . 1271] 1,183{ 1.154] +74) 42.51 0.3) 1,302 935] 1,260 1,055) +23.4} 9,456) 8,180
Nonferrous and other primary
metals........... 6,125] 5,916] 5,935] 43.5| -03) +15] 6,211) 5,510) 6,318] 5,040] +23.2) 45,782) 41,578
Fabricated metal products J] asizas} 15149} 14954] 43.9) +13) -0.7] 15,839] 13,509] 16,015] 14,195] +11.6] 119,868] 111,379
Industrial machinery and equipment . | 28,417| 27.253] 27,125] +43] +0.5| +0.7] 26,262] 23,495] 31,404] 22,040) +19.2) 211,408) 183,408
Engines and turbines ........ 1.939] 1,643] 2:033| +18.0] -19.2] +143] 1,729] 1,202] 2,435[ 1,376] +25.7) 13,685] 11,545
Farm and garden machinery... . . 1'957| 1.790] 1,707] +93, +49) -5.7] 1,485] 1,334] 1,762) 1,093] +35.9) 14,885] 12,362
Construction, mining and
material handling equipment 2,867| 2,767] 2,693] +3.6| 42.71 +0.9| 2,747] 2,513] 2,944] 2,298) +19.5) 21,652) 19,646
Metalworking machinery .....--| 3,087] 2,980] 2,762) #36] +79 -3.6 2,917] 2,472) 2,975] 2,352] +24.0] 21,712) 19,661
Computer and office equipment ...| 7,369] 7,178] 7:343] +27] 2.2] +2.) 6,551] 5,646] 9,711] 5,869] +116] 54,350) 46,493
Electronic and other
electrical equipment .......... 23,160] 22,795| 22,649] +1.6) +0.6]  +1.3| 22,886] 20,290) 24,422) 19,426] +17.8] 172,882] 147,198
Electrical transmission and
distribution equipment and
industrial apparatus . 2,662| 2,646] 2,636] +06} +0.4) +22] 2,601] 2,353) 2,885] 2,358 +103] 20,687) 18,844
Household appliances . 11933| 1,879] 1,915| +29| 1.9] +16 1,974] 1,803] 2,176) 1,734] +13.8] 14,970) 13,102
Electric lighting and
wiring equipment . . 1,862| 1,809] 1,753] +29 +32] -0.2) 1,828] 1,529] 1,890) 1,616] +13.1} 13,859) 13,050
Household audio and
video equipment ...........+. 1,084] 1,069) 1,012) +14] 45.6 -5.9} 1,184) 948] LI] 1,020] +16.1) 7,353) 6,637
Communications equipment 5.083} 5,039] 5.016] +09] +05] +39] 4,836] 4,354] 5,642) 3,811] +26.9) 37,017) 28,926
Electronic components . . . 8350] 8,021 8146) +41) -15) +25] 8,367| 7,373| 8,622) 6,875] 421.7) 62,129] 52,080
Transportation equipment . . 40,567| 34,669] 38,600] +17.0| -10.2] +2.5] 38,755) 25,997] 42,830] 32,645] +18.7| 304,069) 274,855
Motor vehicles and parts 29.201] 23,954] 27,102) +21.9] -11.6 +0.8| 27,899] 16,392] 30,010] 21,192) +31.6) 216,474) 181,544
Aircraft, missiles,
space vehicles, and parts. 8,650] 8,242) 8,364] 45.0] -1.5] +48] 8,109] 7,291] 9,598} 9,167] -11.5) 66,026] 74,328
Shipbuilding and tanks 935] 850] 1,322) +100) -35.7] +164) 918] 807] 1,396) 928) 1.1} 7,921] 7,605
Instruments and related products 11,212] 10,868] 11/099 +3.2| -2.1] +0.5] 10,892) 9,795] 12,2221 10,467] +4.1] 85,546) 83,234
Search and navigation equipment 241] 2608] 2.472] -26] +55) -12)  2,413| 2,306] 2,712) 2,475) 2.5] 19,239] 20,864
Measuring and controlling devices | 3,285{ 3,139] 3,219] +47] -25] +02] 3,236) 2,806) 3,442] 2,886] +121) 25,027) 22,683
Medical instruments and supplies 3057] 3006] 3/011] +17] -0.2| +15) 2984] 2,775] 3,292} 2,906) +2.7) 23,493) 22,940
Photographic goods . . . 19821 1773) 2,016] +101] -12.1] +16} 1,874] 1,572) 2,357] 1,856] +1.0] 14,874) 14,074
All other durable goods . 16382| 16,186] 16,188) +12| 0.0, +0.1] 17,055) 15,091] 17,358] 15,462] +103) 127,171] 115,815
Nondurable goods industries 132,246] 129,013] 128,556] +25] +0.4] +0.7] 135,412) 124,147] 135,246] 124,122) +9.1/1,014,431) 970,480
With unfilled orders . . . 32/693) 31,973] 31,752) +23] +0.7| +12} 33,503] 30,367] 32,362) 30,058] +115) 246,201) 232,209
Food and kindred products - 35°775| 35.179] 35;504] +17] -09)  +1.7| 36,243] 33,698] 36,879] 35,577) +1.9) 279,700} 270,363
Meat products. 3134 8.088] 7,899] +06] +24) +0.8| 8,411) 7.946) 8,182] 8,300] +13] 63,906] 63,033
Dairy products 4590} 4,503] 41543{ +19] -0.9 -1.0] 4,714] 4,488] 4,824) 4,630) +1.8) 36,871) 35,778
Beverages . . 5329] 5.184) 5.254] 42.8] -1.3) +16 5,761] 5,426) 6,077] 5,483] $5.1) 42,146) 39,612
All other foods, except fats and oils | 15'887| 15.756] 15.954| +0.8[ 12) +28] 15,522] 14,190] 15,942] 15,387] +0.9] 122,306} 118.283
Tobacco products 2830} 2:774| 21431) +20] +141] -3.7] 2,802| 2,516) 2,854) 1,871] +49.8) 21,433) 20,375
Textile mill products . . . 6248] 6.195| 6253] +09] -09] +1.0) 6,681] 5,511] 6,904) 6,288] +6.3) 48,431) 46,237
Broadwoven fabrics and
other textiles ......... 3,872| 3,827] 3,910] +12] 2.1] +1.8) 4,093] 3,317] 4,254) 3,764) +8.7) 30,109) 28,761
Paper and allied products . . . 11'705| 11347] 11209} 43.2) +12} +0.4) 12,039] 11,144} 11,751] 10,865) +10.8] 88,914) 86,254
Pulp, paper, and
paperboard mill products .... . 4672) 4480] 4,411] +43) +1. +031 4,770] 4,457] 4,613) 4,351) #9.6) 35,129) 34,936
Paperboard containers and boxes . 3108] 2974] 2.937] +45] +13) +13] 3,242) 2,906] 3,062] 2,732) +18.7) 23,156] 21,283
Miscellaneous converted
paper products... .. 3,925] 3,893) 3,861] +08 0.2) 4,027} 3,781] 4,076] 3,782] +6.5] 30,629} 30,035
Chemicals and allied p 28,991) 28,082] 28,089] +3.2 40.2] 28'885| 26,746] 30,149] 25,560| +13.0] 224,284] 209,925
Industrial chemicals... .. 15.253] 14,809} 14,727] +3.0] 40.8) 15-482] 14,515] 15,660] 13,433] +15.3| 116,970} 108,600
Drugs, soaps, and toiletries 10,432} 10,092] 10,134) +34 -0.6 10,359] 9,334) 10,747) 9,525|  +8.8) 79,411] 75,777
Petroleum and coal products . 12,785] 12,405) 12,163] +3.1 +2'3) 13,603) 12/873) 13,071] 12,452] +921 94,149) 99,956
Rubber and plastics products 9709] 9,269| 9,382) +4.7 06 9,877] 8,659] 10,264) 8,747) +129] 75,108] 69,433
All other nondurable goods 24;203| 23,762) 23,525| +19 -0.3] 25.282] 23,000] 23,374] 22,762] +11.1] 182,412) 167,937

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 variability.