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

Seasonally adjusted ‘Not seasonally adjusted

Industry Monthly Percent Change Monthly Percent

change

July June May} June-} May-| — Apr- July June May July July

1994" 1994" 1994] July] June] May| 1994" 194" 1994 1993} 94/93

All manufacturing industries .. . . 386,408 | 383,106] 382,382 40.9 40.2 +05] 387,377] 381,411] 385,391] 381,635 +15

Manufacturing industries

with unfilled orders vee 255,826 | 253,888] 253,870] +08 0.0] +06] 257,937] 253,976] 256,926] 253,841] +16
without defense capital goods ..... | 361,842] 358,626] 357,438] +09) +03]  +0.7] 362,490] 356,791] 360,167] 353,146] © +2.6
Durable goods industries ....... 243,212] 241,039] 240,539] +09) +02] +06] 244,053] 240,275] 243,001] 238,501] +23
With unfilled orders... 222,340} 220,617] 220,516] +0.8 0.0]  +0.7) 223,823] 220,417] 223,076] 220,004} = +1.7

Stone, clay, and glass products... 7,465 7377 7,469 +12 2 -0.4 7,522 7,408 7,643 7,728 -2.7

Primary metals . 19924] 19699] 19601] +11] +05] +04] 20,000] 19,540] 19,622] 19318] 43.
Blast furnaces, steel mills... . 9,645] 9573] 9529] +08] +05] +05] 9,703] 9370] 9417] 9581] +13
Iron and steel foundries ....... 1537] 1,507] 1493] +20] +09] 423 1511 1524] 1536{ 1350] +11.9
Nonferrous and other primary

metals... . beens 8,742 8,619 8,579 +14 +0.5 -0.1 8,786 8,646 8,669 8,387 +48
Fabricated metal products : os 23,765 23,213 23,062 +24 +0.7 +0.5 23,916 23,432 23,313 23,191 43.1
Industrial machinery and equipms 48,809 48,536 48,121 +0.6 +09 +0.5 48,905 47,966 48,596 45,317 +79

Engines and turbines .......... 3,614 3,592 3,690] +06 2.7) 43.0 3,691 3,571 3,771 3,621 +19
Farm and garden machinery ..... 2,560 2,500 2,354 424 +6.2 2.8 2,363 2,336 2,283 1,988} +18.9
Construction, mining and

material handling equipment. 5,822] 5,781 5,765] +07] +03] +04] 5,787] 5,823] 5,837] 5,759] +0.5
Metalworking machinery : 5,647 5,559 5,423 +16 42.5 +0.6 5,726 5,520 5,450 5,214 49.8
Computer and office equipment . 11,870] 11,975] 11,835] -09] +12 0.0} 12,107] 11,576] 11,995] 10,808] + +12.0

Electronic and other
electrical equipment ...... 37,041] 36,452] 36,071] +16] +11] +16] 37,613] 36,802] 36,945] 33,395] +126
Electrical transmission and

distribution equipment and

industrial apparatus... . . tees 4459} 4391} 4327) +s} +s] ta] 4529] 442s} agit] aan | 42.7
Household appliances . 2568) 2,558] 2575] +04) -07] 01] 2550] 2,675] 2,814] 2,522] +11
Electric lighting and

wiring equipment. ........ 2971} 2,949] 2,934] 40.7] 40.5 0.0] 3,045] 3,033] 3,004] 2.974] 42.4
Household audio and
video equipment ...... 1,099] 1,092] 1,075] +06} +16] +13] 1,198] 1,165 1,094] 1,248] -4.0
Communications equipment ..... | 10,959] 10,713] 10,595] +23] +11] +33] 11081] 10,728] 10,893} 8582] +29.1

Electronic components .....-... | 11,669] 11,435] 11,287 42.0) +13) +1.1] 11821] 11395] 11,387] 10,224] +15.6
Transportation equipment . .. . . . 60,685] 60,322] 60,862] +06] -09] +05} 60,364] 59,471] 60,993] 64,810] -6.9
Motor vehicles and parts . 12217] 12,059] 12,032} +13] 40.2] 42.5) 11,869] 11,513] 11,688] 10.915] +87
Aircraft, missiles,
space vehicles, and parts. .

44,473 44,304 44,718 +0.4 40.1 44,512 44,034 45,177 49,465 -10.0

Shipbuilding and tanks . . . : 1,393, 1,449 1587] 3.9 23 1,431 1,465 1,638 1,907] — -25.0
Instruments and related products .... | 21,865] 21,983] 22,002 05 +09] 22,078] 22,166} 22,309] 22,800) -3.2
Search and navigation equipment 5,779| 5,810] 5,757 05 +11 5,881 5,851 5818] 5,984] 1.7
Measuring and controlling devices . 6,408 6,480 6,492 ll +0.6 6,446 6,525 6,566 6,654 3
Medical instruments and Supplies 6193] 6229] 6,238] -06 +14] 6218] 6,269] 6325] 6,333] -1.8

Photographic goods . .

2,660] 2656} 2,714] +02
All other durable goods .

23,658 23,457 23,351 40.9

0.5 2,695 2,692 2,780 3,021 10.8
0.2 23,655 23,490 23,580 21,942 +78

Nondurable goods industries .

With unfilled orders... .

Food and kindred products
Meat products .....

143,196 | 142,067} 141,843 +08 +0.2 +03} 143,324] 141,136] 142,390] 143,134 +0.1
33,486 33,271 33,354 +0.6 0.2 +0.2 34,114 33,559 33,850 33,837 +0.8
30,836 30,571 30,564 40.9 0.0 +04 30,058 29,118 29,475 29,305 42.6

3,543 3,483 3,429 +17 42.2 3,586 3,493 3,486 3,177 +12.9

Dairy products : 2660] 2672] 2,715] -0.4 ‘ 1 2,788] 2,788] 92.812] 2.913, 43
Beverages ........ : 53311 5303] 5,299] +021 +0. 02} 5,247] 5,283] 5,300] 5,253 0.1
All other foods, except fats and oils 17,475] 17,284] 17,178 +1 +0. 40.2| 16,741] 15,807] 15,943] 16,489] +15

Tobacco products. ....... + 5891] 5,963] 6.019] -1.2
Textile mill products beeen 9691} 9666] 9.681} +03
Broadwoven fabrics and

1
.6
9 +0.6 5,555 5,654 5,844 6,333 123
2 +0.1 9,866 9,764 10,020 9,399 +5.0

other textiles ......... sees 5,423 5,414 5,431] +02 03} +03) 5,477] $5,415 5,572 5,288]  +3.6
Paper and allied products . 13,524] 13,483] 13,486 403 0.0 +0.1 13,525] 13,517] 13,746] 13,538 0.1
Pulp, paper, and
Paperboard mill products ...... 3,665 5,707 5,782 0.7 13 0.7 5,620] 5,691 5,895 5,680 “ld
Paperboard containers and boxes . . 3,230 3,206 3,182 40.7 +0.8 +0.1 3,262 3,215 3,197 3,237 +08
Miscellaneous converted
paper products... . . fees 4629] 4,570] 4,522) +13 +13] 4,643 4611 4,654] 4,621] +05
Chemicals and allied products ~ 34,260] 33,992] 34,082 +0.8 0.0} 34,136] 33,735] 34,345] 34,664 “15
Industrial chemicals eee 16,122 16,019 16,118 40.6 +03 16,122 15,912 16,117 17,070 5.6
Drugs, soaps, and toiletries. 13,757] 13,96] 13,560] +1.2 0.2] 13,895} 13,708] 13,898] 13,551] +2.5
Petroleum and coal products 10,662] 10,442} 10,296 42.1 +11] 10,897] 10,557] 10,471 11,256 3.2

Rubber and plastics products

12,613 12,467 12,348 +12
All other nondurable goods

25,719 25,483 25,367 +0.9

0.2 12,526 12,370 12,466 12,063 +38
+03 26,761 26,421 26,023 26,576 +0.7

” 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 F- -- ---- 72-22-22 2222-2 e eee eee ---' Shipments |) 300

280 280

260 260

240 240

220 L 1 1 L L L i L 1 1 L 1 1. 220
Jul Sep Nov Jan Mar May Jul Sep Nov Jan Mar May Jul

Jul. 1992 - Jul. 1994

Total Manufacturing
Ratio of Unfilled Orders and
Inventories to Shipments

W/S Ratios UO/S Ratios
2.5 4.2
2.4 4.1
2.3 4
2.2 3.9
2.1 3.8
2 3.7
1.9 3.6
1.8 3.5
1.7 3.4
1.6 3.3
1.5 3.2
1.4 3.1
1.3 3
1.2 i L i 1 1 L 1 1 1 L it 1 L 2.9

Jul Sep Nov Jan Mar May Jul Sep Nov Jan Mar May — Jul
Jul. 1992 - Jul. 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
July June May | June- | May- | Apr.- July June May July | July
1994? 1994" 1994 | July | June | May | 1994" | 1994" 1994 1993 | 94/93
UNFILLED ORDERS
All manufacturing industries 449,019 | 449,767 | 448,546 0.2 +03 40.3 | 450,779 | 450,531 | 452,069 | 459,068 -18
Market categories :
Automotive equipment ..... . 2,070 2,068 1,993 43.8 +1.0 2,074 2,021 2,002 1,759 +179
Home goods and apparel 10,720 | 10,638 | 10,707 06 | +23] 11,486 | 11,048} 11,200 | 11,230 423
Consumer staples .......... 1509 | 1,488 1,498 07} +37] 1536] 1,472 1418 1,443 +64
Machinery and equipment 181,331 | 181,547 | 180,670 +0.5 -0.5 | 181,306 | 181,567 | 181,288 | 187,087 31
Business supplies ............ 5,708 | 5,681 5,739 10 | +16] 5,742 | 5,707 | 5,830 | 5,465 45.1
Construction materials
and supplies... . 15,136 | 15,011 | 14,821 | +08] +13] +08} 15,439] 15,18F | 15,060 | 14,881 43.7
Defense products... . 107,174 | 108,028 | 107,709 08 | +03 | +04 | 106,515 | 107,815 | 107,718 | 115,987 82
Other materials, supplies and
and intermediate products . 125,371 | 125,306 | 125,409 | +01 | -0.1 | +1.0 | 126,681 | 125,720 | 127,553 | 121,216 +45
Durable goods industries :
Nondefense capital goods’ ...... | 199,380 | 199,670 } 198,930 0.1} +04 | 04 } 199,058 } 199,334 | 199,226 | 204,589 “2.7
Excluding aircraft and parts. . 85,050 | 83,579 | 81,680 +18] +23 | +03 | 84,728 | 83,243 | 81,976 | 71,378 | +187
Defense capital goods * 112,832 | 113,782 | 113,592 08} +02 | +03 | 112,280 | 113,649 | 113,739 | 122,430 83
Durables excluding capital goo 112,749 | 112,332 | 112,061 | +04} +02} +11 | 114,609 | 112,990 } 114,506 | 108,921 45.2
Miscellaneous series :
Producers’ durable equipment 212,968 | 212,559 | 210,458 | +02] +1.0 0.0 | 213,386 | 212,207 | 211,327 | 211,850 +0.7
Household durable goods . .. . 5,902 5,898 5,860 40.1 +0.6 +73 287 024 6,159 5,860 +73
Information technology industries 34,598 | 33,916 | 33,276 | +20] +19] -06 | 34,903 | 34,225 | 33805 | 31,733 | +100
Health care equipment
and products ........... 6,871 | 6,907 | 7,043 os} -A9]  -ld 6872 | 6907} 7,043 | 3118 | -153
TOTAL INVENTORIES
All manufacturing industries ..... 386,408 | 383,106 | 382,382 +0.9 +0.2 +0.5 | 387,377 | 381,411 | 385,391 | 381,635 +15
Market categories :
Automotive equipment .. . . 6251 | 6119 | 6095 | 422] +04] +10] 6062] 5,897 | 6,024 | 5,877 43.1
Home goods and apparel 31,067 | 30,928 | 30,731 | +04] +06] +01 | 32,031 | 32,113 | 31,993 | 31,230 42.6
Consumer staples ....... $8,627 | 58,137 | $8,003 | +08] +02 | +04] 58020} 56,798 | 57,331 | 58,236 04
Machinery and equipment . 92,828 | 91,950] 91,550] +10] +04] +15 | 92,824 | 91,183 | 92,844 | 88,581 +48
Business supplies . 21,294 | 20918 | 21,044] +18] -06 0.0 | 21,538 | 20,898 | 21,160 | 21,603 03
Construction materials
and supplies 24,787 | 24,510 | 24,340 | +11] +0.7 | +03 | 24,925 | 24,715 | 24,659 | 23,556 +58
Defense products 23,625 | 23,607 | 23,933 | +01] -14] -21 | 23,921 | 23,706 | 24,177 | 26928 | -112
Other materials, supplies and
and intermediate products 127,929 | 126,937 | 126,686 | +08] +02} +04 | 128,056 | 126,101 | 127,203 | 125,624 +19
Durable goods industries :
Nondefense capital goods ° 87,494 | 86,907 | 86,524 | 40.7] +04] +15 | 87,888 | 86,267 | 87,825 | 84,079 +45
Excluding aircraft and parts 60,904 | 60,338 | 59,880 409] +08 +1.0 | 61,480 | 60,087 | 60,930 | 56,047 49.7
Defense capital goods‘. . +. | 24566 | 24480 | 24944] +04] -19} -23 | 24887 | 24.620 | 25224 | 28489 | 126
Durables excluding capital goods 131,152 | 129,652 | 129,071 | +12] +05 | +05 | 131,278 | 129,388 | 129,952 | 125,933 +42
Miscellaneous series :
Producers’ durable equipment . 149,033 | 147,461 | 146,844] 41.1] +04 | +12 | 149,218 | 146,779 | 148,606 | -142,171 +5.0
Household durable goods ...... 13,607 13,559 13,506 +0.4 +0.4 03 13,916 13,886 13,940 13,754 +12
Information technology industries 32,608 | 32,560 | 32,288 | +01] +08] +08] 33,055 | 32,256 | 32,891 | 30,107 49.8
Health care equipment
and products ......... 13,666 | 13,615 | 13,608] +04] +0.1 | +06 | 13,764 | 13,713 | 13,872 | 13,687 +06

See footnotes at end of table 5.

See note at ertd 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
July | June | May | June-| May-} Apr-]  July| June] May} July} July
i994" | 1994"| 1994} July | June] May} 1994] 1994'} 1994] 1993] 94/03] 19947] 1993
SHIPMENTS
All manufacturing industries... .| 274,011} 278,566| 276,232] -1.6| +0.81 +0.| 250,303] 300,347] 278,948] 230,372) +8.7| 1,900,249|,767.282
Market categories :
Aulomotive equipment -........] 11,884) 13,715] 13,522] 13.4] +14) -0.81 8,499] 15,033] 14,955] 7,530 +12.7] 95,090] 81,704
Home goods and apparel... . 18,909) 18,841! 19,169] +04) 1.7] +1.2) 17,871] 19,604) 17,930] 16,317] +95] 126497] 117/079
Consumer staples... .. “| $8,402} $8,436) 57,656) -0.1] 41.4 1.1] 56,378] 61,363] 57/358] 55,068]  +2.4] 309.182] 391.076
Machinery and equipment .......] 46,978) 49.431] 48,341] -5.0] +23] +081 40,014] $6,214} 48790] 35402] +13.0| 333300] 296923
Business supplies . ---....-...-] 21,125] 21,038] 20,834] +04] +10) +12) 20,049] 21.752} 20949] isoal +89) 142/669 134,847
Construction materials
and Supplies esses -s--- +f 17,8401 17,663] 17,680) +1.0/ -0.1]-0.1) 17,130] 19,366] 18,246] 15,432] 411.0) 122,224) 112,682
Defense products . - : 7,294) 7,262} 7,277] +0.4)  -0.2} -0.9 6,694] 7,745] 7,079! 71034] -4'8} 49/521] 52'190
Other materials, supplies and
and intermediate products ......} 91,579] 92,180] 91,753) -0.7] +05] +22) 83,668] 99,270] 93,641] 75,176 +113] 631,766] 580,781

Durable goods industries :

Nondefense capital goods ° ...... | 36,562] 37.315] 36,225] 2.0] +3. +1.0] 31,969] 43,342] 35,116] 27,823) +149] 248,801 223,686

Excluding aircraft and parts ....] 31,950] 32,603] 31,883) -2.0/ +23] +19] 27/994] 371643] 30954] 24'162| +139] 215950] 185940
Defense capital goods‘... . . 6,815] 6,860} 6,816} -0.7/ +0. -2.0 6,163! 7,370! 6.576] 6728] -8.4] 46,440] 50°390
Durables excluding capital goods . | 102,199] 105,835] 105,469] 3.4 40.3] +1.3) 88,064] 114/389] 109'496] 78(233|  +12.6| 725930] 6a6'848

Miscellaneous series :

Producers’ durable equipment oe 91,892} 96,602} 95,528 4.9) +11 +0.7| 76,220] 107,699] 97,818] 67,794] +12.4 657,992] 584,545
Household durable goods... . 8,065) 8,108) 8.101] -0.5] 40.1! +131 7,084) 8371] 7,707] 6510] +88] 53,411] 49°125
Information technology industries 17,297) 17,782) 17,439) -2.7) 42.0 +03) 14,539] 21,348) 16,191] 12.938] +124} 116187) 99,433
Health care equipment
and products .......... “| 8448) 8,512) 8,503] 0.8} +0.1] +02) 7,814] 9,129] 8,023] 7,600 42.8] 57,992] 55,985
NEW ORDERS
All manufacturing industries. . 273,263} 279,788] 277,441) -2.3| +0.8] +0.8| 250,551] 298,809] 279,116] 230,096] +8.9| 1,912,670]1,754,164

Market categories :
Automotive equipment . .
Home goods and apparel
Consumer staples . . .

11,886] 13,790} 13,540] -13.8] +1.8) -0.7] 8,553] 15,052} 14,945) 7,641) +119 95,263} 81,878
18,990] 18,773) 19,414) +1.2] 3.3) +2.2) 18,309] 19,451} 18,310] 16,715 +9.5} 129,320] 119,719
58,423} 58,426) 57,709} 0.0] +1.2}  -1.0) 56,442] 61,416) 57,355] 55,089) 42.5] 399,241] 391,080

Machinery and equipment .. . . 46,762) 50,308] 47,359] -7.0] +62] -0.6 39,752] 56,493] 47,786] 34,1561 +164) 334381] 286,505
Business supplies ...... . “| 21,153] 20,980} 20,927] +0.8} +031 +1.4) 20,084] 21.629} 21/120] 18292] 49.8] 143,044] 134°624
Construction materials
and supplies «©... + +++. +++.f 17,966) 17,852] 17,804) 40.6 +031 40.31 17,388] 19,487] 18,412] 15,562] 411.7] 123,788| 113,236
Defense products... . s-| 6441) 7,581] 7,713] -15.0) -1.7] +202) 5394) 7,843] 6,492] 6.247] -13.7] 45,127] 44'841
Other materials, supplies and
and intermediate products... .. 91,642] 92,078} 92,975} -0.5| -1.0] +1.3] 84,629] 97,438] 94,696] 76,304] +10.8| 642,506] 582,281
Durable goods industries
Nondefense capital goods? . . . 36,272) 38,055] 35,498] -4.7) +7.21  -0.9) 31,693] 43,450] 34,311] 26,087] +21.5| 250,612] 211,091
Excluding aircraft and parts... |- 33,421] 34,502} 32,103] -3.1) +73] -2.] 291479] 38910] 31,096] 24210| +218} 225:020| 187088
Defense capital goods ‘ . . 5,865] 7,051] 7,180] -16.8) -1.8) +1431 4.7941 7,280] 5,921] 5974! -19'81 41.582] 43,040

Durables excluding capital goods - | 102,616] 106,106] 106,734] 3.3] -0. +14] 80.683) 112'873 110,620} 80,542] +113] 737/396] 652,608

Miscellaneous series :

Producers’ durable equipment . . 92,301) 98,703) 95,468] -6.5] +34} +0.6 77,399} 108,579] 97,591] 68,154] +13.6| 665,235} 578,021
Household durable goods ..... . 8,069} 8,146) 8,501] -0.9) -4.2) +8.8) 7,347} 8,236 8,037] 6,858] +7.1] 54,863] 50,559
Information technology industries | 17,979] 18,422) 17223 -2.4] +70) 3.5] 157217] 21.768| 16611} 12720] +196| 1 19,004] 100,050
Health care equipment

and products .. . voccrtscf 8411] 8377) 8422] 40.4) -0.5] +14! 7,779] 8,994] 7,943] 7,657] +1.6] 57,378] 55,652

” 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)

Inventory / Shipments ratio Unfilled Orders / Shipments ratio’
Industry July June May Apr. July June May Apr.
1994” 1994" 1994 1994 1994? 1994" 1994 1994
All manufacturing industries... . 141 138 138 139 3.01 2.98 3.01 3.04
Durable goods industries .......... 1.67 161 1.62 1.63 3.62 3.58 3.60 3.64
Stone, clay, and glass products... . . 112 Lil 1B 113 1.17 117 1.22 121
Primary metals ©... . 1356 135 135 159 2.00 199 1.98 198
Fabricated metal products... ... . 138 135 153 1.53 130 149 147 146
Industrial machinery and equipment 1.80 1.79 1.79 181 2.43 237 2.33 234
Electronic and other
electrical equipment .. . sees 1.63 1.61 161 1.60 2.03 2.06 241 214
Transportation equipme fees 1.78 1:56 1.62 1.60 11.3 10.92 1131 1141
Instruments and related pr 2.02 1.98 1.99 2.00 4.52 441 4.40 452
‘Nondurable goods industries . Li Lil 1 Li 0.76 0.76 0.76 0.77
Food and Kindred products . 0.88 0.86 0.88 0.87 &) ® & [e9)
Tobacco products . . . 222 2.45 238 1.86 &) &) (X) ()
Textile mill products . . . 1.56 1.55 1.56 1.60 (NA) (NA) (NA) (NA)
Paper and allied products . . . 120 120 121 1.24 (NA) (NA) (NA) (NA)
Chemicals and allied products 122 121 1.22 1.23 &) fee) res) &)
Petroleum and coal products 0.87 0.86 0.87 0.86 ) (&) &) ®
Rubber and plastics products. : - 137 1:33 131 133 (x) & x) &)

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

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

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

Shipments New orders Unfilled orders Inventories
Industry
July July July July
July? | 1993- July? | 1993- July? | 1993- July? | 1993-
July! | 1989-] June | July! | 1989-] June | July! | 1989-] June | July! | 1989-] June
1994 | 1993] 1994] 1994] 1993] 1994] 1994] 1993] 1994] 1994] 1993] 1994
All manufacturing industries... . . . ~ on 02 (x) ol 02 ® 01 Ol ® 0.1 01
Durable goods industries -0.2 0.2 02 0.1 0.2 03 0.0 0.0 0.1 (X) 03 0.1
Stone, clay, and glass products . &) 06 06 (X) 14 13 &) 08 1.0 & 03 02
Primary metals oo 04 0.4 04 04 08 09 04 04 0.5 (x) 02 02
Fabricated metal products... 2... (%) 04 04 & 05 05 ® 02 03 &® 02 03
Industrial machinery and equipmet 02 04 0.5 02 04 07 0.1 02 02 (x) Ol 02
Electronic and other

electrical equipment -0.5 03 03 04 08 06 0.1 02 03 & Ol 0.1
Transportation equipment ......... 0.0 03 04 0.1 03 07 01 0.1 0.1 () 0.7 02
Instruments and related products . . . . (e9) 04 05 &) 06 22 x) 0. 04 &) 02 03
Nondurable goods industries . . . oa) 01 02 fea) 0.2 02 re) 03 04 () 0.1 01
Food and kindred products . . (x) 02 03 (x) (X) (X) (X) ( (xX) (Xx) 0.2 01
Tobacco products . . &) 03 02 (X) &) &) & (x) (X) (xX) 0.0 0.0
Textile mill products . &) 05 03 &) | aay} Nay O&) | way] oa) &) 02 02
Paper and allied products . (x) 04 03 (xX) ]} (NA) } (NA) (X)} (NA) | (NA) (xX) 0.6 0.1
Chemicals and allied products x) 03 02 & &) tera) & &) (x) &) 02 02
Petroleum and coal products (X) 03 0.6 (X) (xX) (x) () (x) (X) (x) 02 04
Rubber and plastics products (Xx) 0.5 02 (X) x) (x) (x) (Xx) (Xx) (x) 03 0.1

Capital goods industries :
Nondefense ...... 03 04 0s 06 04 06 0.1 O. 01 (es) 05 0.1
Defense .... 04 02 04 04 04 5.7 0.0 0.0 03 ® 02 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 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

ra

®

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

Manufacturers’ Shipments,

Inventories, and Orders

July 1994
M3-1-(94)-07
For Wire Transmissions 10:00 a.m. E.D.T. August 31, 1994

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

Summary

New orders for manufactured goods in July decreased
$6.5 billion or 2.3 percent to $273.3 billion, the largest
decline since December 1991, the Department of Commerce,
Bureau of the Census reported today. This follows a 0.8
percent increase in June and is the first decline since
February. Year-to-date new orders for 1994 are 8.7 percent
above the same period a year ago.

Shipments decreased $4.6 billion or 1.6 percent_to
$274.0 billion, following a 0.8 percent increase in June. This
is the third decrease this year and the fourth since last July.
Year-to-date shipments for 1994 are 7.3 percent above the
same period a year ago.

Unfilled orders decreased $0.7 billion or 0.2 percent to
$449.0 billion, the first decrease since February. The unfilled
orders-to-shipments ratio increased to 3.01 from 2.98 in June.

Inventories increased $3.3 billion or 0.9 percent to
$386.4 billion, following a 0.2 percent increase in June. This
is the sixth increase this year. The inventories-to-shipments
ratio increased from 1.38 in June to 1.41 in July.

New Orders

New orders for manufactured durable goods in July
decreased $6.5 billion or 4.3 percent to $144.8 billion. This
is revised from the previously published 4.2 percent decline.
Over half of the July decrease was due to the motor vehicle
and parts industry, which was heavily affected by the growing
practice of shutting down for two weeks in July. The July
decline follows a 1.2 percent increase in June and is the first
decrease since February.

Transportation equipment had the largest decline, down
$6.0 billion or 15.7 percent to $31.9 billion, primarily due to
motor vehicles and parts, and aircraft and parts. This follows
a 2.2 percent increase in June and is the fourth decline this
year. Instruments and related products declined $0.6 billion
or 5.1 percent to $10.9 billion, following a 10.5 percent June
increase. Industrial machinery and equipment was down $0.4
billion or 1.3 percent to $28.4 billion, following a 3.0 percent
increase in June. Fabricated metals had the largest increase,
up $0.2 billion or 1.3 percent to $15.2 billion.

New orders for nondurable goods were $128.5 billion,
down $0.1 billion or 0.1 percent from June. The largest
increases were in tobacco products and leather and leather
products. The largest declines were in food and kindred
products, and paper and allied products.

Shipments
Shipments of durable goods in July decreased $4.4

billion or 3.0 percent to $145.6 billion. This is revised from
the previously published 2.8 percent decline. The decline

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

follows two consecutive increases and is the third decrease
this year. Transportation equipment had the largest decrease,
down $4.5 billion or 11.7 percent to $34.1 billion, primarily
due to motor vehicles and parts. Instruments and related
products declined $0.2 billion or 2.2 percent to $10.9 billion,
following three consecutive increases. The largest increase
was in electronic and other electrical equipment, up $0.1
billion or 0.6 percent to $22.8 billion, the ninth consecutive
monthly increase.

Shipments of nondurable goods declined $0.1 billion or
0.1 percent to $128.4 billion. This follows eight consecutive
monthly increases. The largest decrease was in food and
kindred products, down $0.4 billion or 1.0 percent to $35.1
billion. Rubber and plastic products and chemical and allied
products also had large declines. The largest increase was in
tobacco products, up $0.2 billion or 8.9 percent to $2.6

illion.

Unfilled Orders

Unfilled orders for durable goods in July decreased $0.8
billion or 0.2 percent to $425.0 billion. The percent change
is the same as reported earlier. This follows three consecutive
monthly increases. Transportation equipment had the largest
decrease, down $2.1 billion or 1.0 percent to $206.4 billion,
due to aircraft and parts. This is the twenty-sixth decrease in
the last twenty-seven months. Electronic and other electrical
equipment was down $0.5 billion or 1.1 percent to $46.2
billion, the third consecutive decline. Industrial machinery
and equipment, up for the thirteenth consecutive month, had
the largest increase, up $1.3 billion or 2.1 percent to $61.7
billion. Unfilled orders for nondurable goods increased $0.1
billion or 0.3 percent to $24.1 billion, the ninth consecutive
increase.

Inventories

Inventories for durable goods in July increased $2.2
billion or 0.9 percent to $243.2 billion, the sixth increase this
year. All major groups increased except instruments and
related products. Electronic and other electrical equipment
had the largest increase, up $0.6 billion or 1.6 percent to
$37.0 billion, the nineteenth increase in the last twenty-one
months. Fabricated metal products increased $0.6 billion or
2.4 percent to $23.8 billion, the fourth consecutive increase.
Transportation equipment increased $0.4 billion or 0.6 percent
to $60.7 billion. Industrial machinery and equipment
increased $0.3 billion or 0.6 percent to $48.8 billion, the
sixteenth consecutive monthly increase. Nondurable goods
inventories increased $1.1 billion to $143.2 billion, the fifth
increase in the last six months.

By stage of fabrication, finished goods increased 1.3
percent in durables and 1.5 percent in nondurables. Work in
process increased 0.5 percent in durables and 1.2 percent in
nondurables. Materials and supplies increased 1.1 percent in
durables and declined 0.2 percent in nondurables.

‘he sivance repert on durable prods for Ancast isachefeled for September 78, 1954 at 8:30 am and the fll report on October 51294 at 10:00 am For sale by the Saperintondont

of Docamente, US. Government Printing Office, Washington, DC 20482. This report is abe available the day of ime

the Department of Commerce’s online Economic

Balictin Board (N-8.1) (297-487-3870) snd through the Contes itarcan’s enlne information service-CENDATA. CENDATA is rvnilabe fom Dising Information Service, tac (1-800-
CompaServe guidance.

334-2564) and

(1-800-848-8199). The CENDATA staff at the Barean of the Census (301-763-2074) cam provide content information and geseral


Nondefense Capital Goods 1

New Orders and Shipments
Three Month Moving Averages
Billions of Dollars

New Orders

Shipments

38

38

Jul. Sep Nov Jan Mar May Jul Sep Nov Jan Mar May — Jul
Jul. 1992 - Jul. 1994
Defense Capital Goods
New Orders and Shipments
Three Month Moving Averages
Billions of Dollars
"1 "1
New Orders
10L---------- rrr rrr rrr rt —— |410
Shipments

Sep Nov Jan Mar

1994

Mar
Jul.

May Jul
1992 - Jul.

Sep Jan

May

Jul

Note: All Charts based on seasonally

adjusted current dollars.


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

(Millions of dollars)

Seasonally adjusted

‘Not seasonally adjusted

Industry Monthly Percent Change Monthly Percent
change
July June May | June- | May- | Apr. July June May July | July
1994" | 1994" 1994 | July | June | May | 19947 | 1994" 1994 1993 | 94/93
MATERIALS AND SUPPLIES
All manufacturing industries 123,462 | 122,764 | 122,184 | +06} +05 | +0.7 | 123,517 | 121,883 | 121,542 | 120669 | +24
Durable goods industries ....... 71,576 | 70,763 | 70,231 | +11] +08] +09 71,663 | 70,139 | 69,755 | 68216 | +5.
Stone, clay, and glass products 2545 | 2524 | 2580) +08] 22] +04] 2/560 | 2525] 21575 | 2/523. 415
Primary metals . 6.034 | 6,021 034 | 402) -02} +16] 6083} S965] 51875] 6216 21
Fabricated metal products -- | 8051 | 7.932 | 7.854} +15] +10] +10] 8077] 7939] 7702 |. 7676 | +52
Industrial machinery and equipment | 15,833 | 15,532 | 15,251 | +19] +18] +19] 15906] 15414] 157281 | 14258 | +116
Electronic and other
electrical equipment .......... 11,978 | 11,806 | 11,609 | +15] +17] +415 | 12,106] 11,771 | 11,690 | 10,599 | +142
Transportation equipment . |... | | M101 | 10,965 | 10,945 | +12] +02] +02] 10928 | 107788 | 10957 | 11/533 “52
Instruments and related products ::. | 6,659 | 6,680 | 6.723 03] 06] +02] 6693} 6722] 6784 | 684i 22
Lumber, furniture and
miscellaneous durable goods 9375 | 9303 | 9,235 | +08] +07} 03] 9310] 9015] 891 8,570 | +8.6
Nondurable goods industries . 51,886 | 52,001 | 51,953 02] +01] +05 | 51,854] 51,744 | 51,787 | 52,453 “Ld
Food and kindred products 9817 | 10045 | “9916 | -23] +13] +02} 9597] “9875 | “o'so1 | 9/913 32
Tobacco products... . . $002 | 5068 | S116} -13} -09] -o1] 4712 | 4/929 | 4996 | Sfoo1 58
Textile mill products 2,770 | 2,757 | 2785 | +05] -10] +10] 2858 | 2795 | 2/864 | 2/685 +64
Paper and allied products... 6.659 | 6,631 | 6,658 | +04] 04] +02} 6660] 6601 | 6637 | 6763 “15
Chemicals and allied products 11,270 | 11173 | 11272 | +09] -09 | +02] 11348 | ani92 | 11300 | 11/529 “16
Petroleum and coal products 3060 | 3,089 | 3,024 09} +21] +16] 35124 3151 | 3,089 | 3,136 0.4
Rubber and plastics products .-... | 4,640 | 41588 | 4546 | +11] +09 00) 4646 | 4517 | 4/527 | 4420 } 451
Apparel, printing and publishing
and leather goods ......... 8,668 | 8,650] 8,636] +02] +02] +14] 8909] 8,784] 8,573] 9,006 “Ll
WORK IN PROCESS
All manufacturing industries 130,546 | 129,760 | 128,909 | +06} +07} +06 | 130,929 | 128,762 | 129,516 | 130,264 40.5
Durable goods industries ...... 106,620 | 106,108 | 105,506 | +05] +06] +05 | 106,954 | 105,479 | 106,181 | 107,033 0.1
Stone, clay, and glass products’. 1,040 1043 | 1,053 03] 09} 15] 1059} 1057 | Logo | 1138 69
Primary metals -........ . 7577 | 7389 | 77269] 425] +17] +05] 7609] 7320]. 7274 | 6904 +88
Fabricated metal products ....... | 7,722 | 7,478 | 71468 | 433] +01 | 417] 7748] 71432 |. 7533 | 7596 | +20
Industrial machinery and equipment’ | 19,018 | 19,403 | 18,621 20] +42] -11 | 18991 | 19,081 | 18;695 | 18,067 +5.
Electronic and other
electrical equipment . 15,330 | 15,082 | 14916 | +16] +11 | +25 | 15,494] 15,113 | 15,184] 14,047 | +103
Transportation equipment . ||. | | 41661 | 41441 | 41920 | 405] -11 | +05 | 41%589 | 41060 | 42/007 | 44711 -7.0
Instruments and related products 9272 | 9329 | 9306 | -06] +02] +07} 9421 | 91415 | 9/372 | 9/896 48
Lumber, furniture and
miscellaneous durable goods . $000 | 4943 | 4953] +12] -02] 05] 5,043} 5001} 5,027 | 4,584 | +100
Nondurable goods industries . 23,926 | 23,652 | 23403] +12] +11] 409} 23,975 | 23,283 | 23,335 | 23,231 43.2
Food and Kindred products 4149 | “416 | “4034 | +08] 42:0 | +03 | “3386 | “3'832 | “3'753 | “3/552 +94
Tobacco products... ... . 173 171 167 | +12] +24] -126 127 126 129 13. 52
Textile mill products <2.) - 2610 | 2,571 | 2571 | +15 00} +04] 2,638} 2,558] 2,613 | 2503] +54
Paper and allied products. |<: : 1,201 1,201 1214 OO} -Ll} +22] 1235} 1228 | 1225 1,246 09
Chemicals and allied products 5516 | 5504] S480] +02] +04] +09] 5/543] 5/458] 51587]  Siair 46
Petroleum and coal products 2317 | 2271 | 2255] 420] +07] +11] 2384] 2303 | 2278 | 2640 9.7
Rubber and plastics products | | | 13s4 | 1829] 17899] +14] 422] 411 1821 1770 | 1776 | 1,673 +88
Apparel, printing and publishing
and leather goods ............. 6,106 | 5,989 | 5893] +20] +16] +13} 6341} 6008] 5,974] 5672 | +118
FINISHED GOODS
All manufacturing industries 132,400 | 130,582 | 131,289 | +14 +0.1 | 132,931 | 130,766 } 134,333 | 130,702 | +17
Durable goods industries. 65,016 | 64,168 | 64,802 | +13 +03 | 65,436 | 64,657 | 67,065 | 63,252 | 43.5
Stone, clay, and glass produ 3,880 810 | 3,836 | +18 0.7 | 3,903 | 3,826 | 3,979 | 4/067 4.0
Primary metals -...... 6313 | 6289 | 6298 | +04 09 | 6308 | 6255 | 6,473 | 6,108 433
Fabricated metal products 22. 7992 | 7/803 | 7,740 | 424 -L1 | 8091 | 8,061 8,078 | 7.919 | +22
Industrial machinery and equipment | 13'958 | 13,601 | 14249 | 42.6 +11 | 14,008 | 13,471 | 14,620 | 12992 +78
Electronic and other
electrical equipment ..... . 9,733 9,564 9,546 +18 +0.1 10,013 9,918 10,071 8,749 +144
Transportation equipment 7923 | 7916 | 7997 | +01 +09 | 7847} 7623 | 8,029 | 8/566 84
Instruments and related products | 51934 | 51974 | 5/973 0.7 +19 | 5964 | 6,029 | 61153 | 6,063 “1.6
Lumber, furniture and
miscellaneous durable goods . 9283 | 9211] 9,163 | +08 -01 | 9302 | 9474 | 9,662 | 8,788
Nondurable goods industries . . . 67,384 | 66,414 | 66,487 | +1. -0.1 | 67,495 | 66,109 | 67,268 | 67,450
Food and Kindred products 16870 | 16410 | 16614 | +28 +06 | 16575 | 15,411 | 15921 | 15,840
Tobacco products... 716 724 736 | | -Ll 49.7 71 699 719 | 1,198
Textile mill products: |: 4311 | 4338 | 4,325 06 07] 4370] 4411] 4543] 4211
Paper and allied products | ||: 51664 | 51651 | 5.614 | +02 04 | 57630 | sys | 5;884 | 5/529
Chemicals and allied products | 17,474 | 17315 | 17330 | +09 -0.4 | 17,245 | 170085 | 17:458 | 17;324
Petroleum and coal products 52285 | 5/082 017 | +4.0 409 | 5389 | 5,103 | 5,104 480
Rubber and plastics products °°. : | 6119 | 6050 | 6013 | +11 07 | 6,059 | 6,083 | 6,163 | 5.970
Apparel, printing and publishing
and leather goods .......... 10,945 | 10,844 | 10,838 | +09 12} 11,511 | 11,629 | 11,476 | 11,898

* 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
July June May] June-| May-] — Apr.- July June May July} July
1994” 1994" 1994] July] June] = May} = 1994”] 1994" 1994 1993} 94/93
All manufacturing industries 449,019} 449,767] 448,546]  -0.2] +03] +03] 450,779] 450,531] 452,069] 459,068] -1.8
Manufacturing industries
without defense capital goods 336,187] 335,985] 334,954] +0.1] 40.3] +03 338,499] 336,882] 338,330] 336,638] +06
Durable goods industries... . . 424,961 | 425,784] 424,583 02] +03] +02] 425,947] 425,973] 427,471] 435,940] -2.3
Stone, clay, and glass products 7,308] 7,295} 7,472] +02] -24] -08] 7,697] 7,382] 7,731 7,674] +03
Primary metals 25,626| 25,390] 25,026] +09] +15] +28] 26300] 26,044] 26,008] 22,905] +148
Blast furnaces, steel mills 10,863) 10,978) 10,948] = -1.0] +03) +08] 11091] 11,189] 11,274] 10,480] +58
Iron and steel foundries .. . . 3,618] 3,527} 3,431] +26] 428] 4231 3,640] 3515] 3,436] 2,997] 421.5
Nonferrous and other primary
metals . : 11,145] 10,885] 10,647] 42.4) 42.2] 45.1] 11,569] 11,340] 11,298] 9,428] 422.7
Fabricated metal product 20819] 20,636] 20,559] +09] +04] +14] 20861] 20,550] 20,584] 21,363] -23
Industrial machinery and equipment - | 61,657} 60,366] 58,670] +21] +29] +18] 61,350] 60,070] 58,942] 50,231] +221
Engines and turbines 10,040} 9,997] 10,015] +04] -02] +15] 9878] 9,647] 9,564] 9,861] +0.2
Construction, mining and
material handling equipment . 6,635 6,644 6,484 -0.1 42.5 +16 6,502 6,591 6,516 5,512]  +18.0
Metalworking machinery .... . 9210] 9,126] 8,712] +09} +48] +03] 9,210] 9,126] 8,712] 6,873] +34.0
‘Computer and office equipment . . 9,673] 9,121 8781] +61] +39) +54] 9,954] 9,420] 9,304] 7,380] +34.9
Electronic and other
electrical equipment .......... 46.211) 46,717] 47,176] =. -1.0] 0.4] 46,246] 46,413] 47,649] 43,850] +5.5
Electrical transmission and
distribution equipment and
industrial apparatus 6,032] 6057] 6100] -04] -07] 04] 6,036) 6,023] 6,102] 5,739] -+5.2
Electric lighting and
wiring equipment 3,516] 3,450] 3,403] +19] +14] +15] 3,516] 3,450] 3,403] 3,199] 49.9
Communications equipment 14,413] 14,588] 14,904) 12] 21 -26| 14,407] 14,544] 14,864| 13,448] +7.
Electronic components 16,560) 16,698] 17,148] -08) -26] +01] 16,659] 16,633] 17,717) 16313] #21
Transportation equipment 206,429 | 208,565} 209,255} -1.0] 03]  -03] 206,158] 208,834] 209,734] 228,046] -9.6
Aircraft, missiles,
space vehicles, and parts. 177,516| 180,040] 180,361 14] 02] +0.1] 177,194] 180,429] 180,708] 199,089] —-11.0
Shipbuilding and tanks . 16,684] 16,662] 17,302) +0.1 -37| -35| 16,709] 16,698] 17,352] 20,626] -19.0
Instruments and related products . 49,070] 48,994] 48,585] +02] +408) -13] 48,851] 48,527] 48,432] 53,603] 8.9
Search and navigation equipment 32,224] 32,207] 31,529] +0.1] +22] = 1.3] 32,000] 31,729] 31,369] 35,503] 9.9
Measuring and controlling devices . 9226] 9119] 9212] +12] -10] 13] 9,226] 9,119] 9,212] 14d} 40.9
Medical instruments and supplies 6,840 6,877 7,013 -0.5 -19 -Ll 6,840 6,877 7,013 8,088] -15.4
All other durable goods ........ 7,841 7,821] 7,840] +03] -02) +47) 8484] 8,153] 8,391 8,268} +26
Nondurable goods industries ....... 24,058} 23,983} 23,963] +0.3] «= +0.1] +13] 24,832] 24,558) 24,598] 23,128] +74

* Preliminary. * Revised.

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


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

Seasonally adjusted ‘Not seasonally adjusted!

Monthly Percent Change Monthly Percent Year to date
Industry change
July | June | May | June-} May-} Apr-| July| June] May| July} July

1994? 1994" 1994] July} June] May| 1994? 1994" 1994 1993 | 94/93 1994” 1993

All manufacturing industries .... . 273,263) 279,788} 277,441] -2.3] +0.8]  +0.8] 250,551} 298,809] 279,116] 230,096 +8.9] 1,912,670 |1,754,164

Manufacturing industries
with unfilled orders . . .

148,456] 152,062] 150,368] -2.4]  +1.1]  +1.5] 134,124} 162,090] 148,269] 120,737]  +11.1] 1,029,368 920,616

without defense capital goods . . . . . | 267,398] 272,737] 270,261] -2.0| +0.9|  +0.5| 245,757] 291.529] 273,195] 2241122] +9.7| 1'871088 1,711,124
Durable goods industries... .. 144,753] 151,212] 149,412 -4.3] +1.2) +1.4} 126,170] 163,603] 150,852] 112,603] +12.0] 1,029,590] 906,739
With unfilled orders. ..........] 116,589] 120,290] 118,687] -34] +14 +1.6 103,527] 129.768] 116,901] 92.638} +11:8] '812'613| 717398
Stone, clay, and glass products .....} 6,677] 6,484] 6,541] +301 -0.91 4.1] 6,800] 6,987 6893] 5.986] +136] 45.918] 40323
Primary metals... ..........-+-{ 13,040} 13,098) 13,350] -0.4] -1.9 +6.1) 12,007] 13,550] 13,481] 10.214 +176| 91,944] 82/458
Blast furnaces, steel! mills . 5,645] 5,675] 5,753] -0.5]  -1.4] 0.6] 5,195] 5,851] 5,653] 4,708] +10.3| 40,833) 38,624
Iron and steel foundries. . --] 1,256) 1,250) 1,233) 40.5] +14) 45.7! 1,063] 1.339] 1,318) 968) 49.8] 8.754] 7.292
Nonferrous and other primary
metals............ 6,139] 6,173] 6,364) -0.6] - -3.0 +13.1] 5,749] 6,360] 6,510] 4,538] 426.7] 42,357| 36,542

Fabricated metal products. . +] 15,231) 15,032) 15,336] +1.3]  -2.0) +2.5] 13,818] 15,981] 15,489] 12,393] +11.5] 104,842] 95,786
Industrial machinery and equipment . | 28,432) 28,821) 27,993] -1.3] +3. -0.1] 24,779] 32,532] 27823] 207545| 420.6] 193,522) 161480
Engines and turbines... 0... 1,676) 2,015} 1,928] -16.8] +4.5] 417.1] 1,433) 2,518] 1,803} 1,385] +3.5] 11,695] 9.974
Construction, mining and

material handling equipment 2,745] 2,853} 2,771) -3.8) +3.0) -1.3) 2,431) 3,019} 2,765] 2,151] +13.0} 19,623] 17,261
Metalworking machinery 3,033] 3,176] 2,888) -4.5] +10.0) -3.9] 2,552] 3,389] 2,946] 2,127] +20.0] 20,666] 16,849
Computer and office equipment ...} 7,716] 7,683] 7,617| +04] 40.9) -1.41 6.172 9,827] 7.222] 4'889] +262] 50,494] 40'883
Electronic and other
electrical equipment ........... 22,275) 22,190) 22,175] +0.4)  +0.1] -5.1] 20,192] 23,186] 21,360] 18,617] +8.5] 151,873] 129,535
Electrical transmission and
distribution equipment and
industrial apparatus ...........] 2,616] 2,593] 2,551] +09] +1. -2.0 2,367] 2,806] 2,543] 2,113| +120] 18,353] 16,673
Electric lighting and
wiring equipment ............ 1,874) 1,800} 1,806] +4.1) -0.3}  -12] 1,605] 1,937] 1,811] 1,479] +85] 12,320] 11,653
Communications equipment. 4,837| 4,700] 4,428) +2.9) +6.1) 12.1] 4,197} 5,322} 4:168] 3,443] +219] 31/536] 25,141
Electronic components ........ 7,867] 7,696) 7,962} +22] -3.3) -6.6 7,415] 7,538] 7,778] 7,093] +4.5| 55,333] 45,836
Transportation equipment ......... 31,945] 37,910} 37,080] -15.7} +22] +3.2| 23,007] 41,930] 38,967] 21,460] +7.2| 257,682] 224'410
Aircraft, missiles,
space vehicles, and parts, ..... 5,695] 8,043) 8,140] -29.2 -1.2} +23.6 4,051] 9,319] 7,068] 4,452] -9.0] 51,081] 47,074

Shipbuilding and tanks

seers 875] 682) 514) +283] +327) -18.2] 818] 7421 = saa) 1575] 48.1] 4.416] 6,089
Instruments and related products .

10,926) 11,508} 10,418] -5.1 +105] +27 10,116} 12,317] 10,044 9,591 +55 72,108} 70,783

Search and navigation equipment . | 2,615] 3,150} 2,098] -17.0| +50.1| +88) 2569] 3,072| 1,806 220s] +165] 14.528] 16737
Measuring and controlling devices .} 3,235] 3,126} 3,090] +35] +12) -4.7] 2900| 3,349] 3,030] 2'579| 412.4] 225172] 19,750
Medical instruments and supplies .| 21978} 2875] 2886] +3.6 +4.) 2,755] 3,156] 2.807] 2.727] +1.0] 19,910] 19,699
All other durable goods .......... 16,227) 16,169] 16,519] +04) 2.1} +6.3) 15,451] 17,120] 16,795} 13,797] +12.0] 111,701] 101,964
Nondurable goods industries ...... . 128,510} 128,576{ 128,029] -0.1]  +0.4 +0.2} 124,381) 135,206] 128,264] 117,493] +59] 883,080] 847,425
With unfilled orders... . . . +++| 31,867) 31,772) 31,681] +0.3} +0.3)  +1.3) 30,597] 32,322] 31,368] 28,099] +8.9] 216,755] 203.218

” 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’
(Millions of dollars)

SHIPMENTS

FOR INDUSTRY GROUPS

Seasonally adjusted

Not seasonally adjusted"

Monthly Percent Change Monthly Percent Year to date
Industry change
July] June} May | June-} May-| Apr-| July] June} May] July | July
1994” 1994" 1994} July} June} May} 1994" 1994" 1994 1993 | 94/93 1994? 1993
All manufacturing industries . 274,011) 278,566] 276,232) -1.6] +0.8) — +0.7| 250,303} 300,347] 278,948} 230,372) +8.7 1,900,249 |1,767,282
Manufacturing Industries
with unfilled orders . . ++ | 149,204] 150,840] 149,159] -1.1]) +11] +1.4) 133,876] 163,628] 148,101] 121,013) +10.6} 1,016,947] 933,734
without defense capital goods . . . | 267,196] 271,706] 269,416] -1.7]  +0.8)  +0.8] 244,140] 292,977] 272,372] 223,644) +9.2] 1,853,809 |1,716,892
Durable goods industries 145,576] 150,010] 148,510) -3.0] +1.0) +1.1) 126,196] 165,101] 151,188] 112,784] +11.9] 1,021,270] 920,924
With unfilled orders oo 117,412} 119,088} 117,785 1.4) +11) +1.2) 103,553] 131,266] 117,237] 92,819) +11.6] 804,293) 731,583
Stone, clay, and glass products 6,664] 6,661 x 0.0} +09} -09} 6,485] 7,336] 6,708] 5,622] 415.4] 45,040] 39,041
Primary metals ... . . 12,804) 12,734] 12,671] +0.5] +05) +3.1) 11,751] 13,514] 12,989] 10,261] +14.5 87,192] 80,229
Blast furnaces, steel mills; 5,760} 5,645} 5,669} +2.0) 0.4) 42.1 5,293} 5,936 5,841 4,805} +10.2 39,454] 36,566
Iron and steel foundries 1,165} 1,154) 1,157) +10) -0.3) -0.1 938] 1,260) 1,236 740] +268 8,157 7,125
Nonferrous and other primary
5,879} 5,935 5,845 0.9) +15] +4.8) 5,520] 6,318) 5,912] 4,716} +17.0 39,581] 36,538
‘pr ducts 15,048} 14,954] 15,057] +0.6 0.7] +0.5) 13,507} 16,015] 15,388} 12,521 +7.9) 104,027} 97,184
Industrial machinery and equipment 27,141) 27,125) 26,947) +0.1} +0.7)  +2.1] 23,499] 31,404] 26,766) 20,412) +15.1] 185,150} 161,368
Engines and turbines : 1,633] 2,033| 1,779] -19.7| +143] +46, 1,202] 2,435] 1,761] 11,126] +6.7] 11,956] 10,169
Farm and garden machinery we 1,773) 1,707] 1,811] +3.9} “5.7 +41] 1,335) 1,762] 2,208) 1,089} +22.6 13,401 11,269
Construction, mining and
material handling equipment 2,754) 2,693) 2,670] +23) +0.9) +29} 2,520] 2,944] 2,776) 92,189) +15.1 18,912] 17,348
Metalworking machinery 2,949} 2,762] 2,866) +6.8) -3. +0.9} 2,468] 2,975) 2,924) 2,112] +16.9 18,791} 17,309
Computer and office equipment 7,164) 7,343 7,170] -2.4) +24) -0.3) 5,638) 9,711 6,162] 5,131 49.9 47,791} 40,624
Electronic and other
electrical equipment ae 22,781} 22,649) 22,355] +0.6] +1.3} +1.0] 20,359) 24,422) 21,862) 17,219) +182) 150,065] 127,772
Electrical transmission and
distribution equipment and
industrial apparatus . 2,641 2,636) 2,578] +0.2) +2.2} +0.6) 2,354) 2,885 2,584) 2,112] +11.5 18,087} 16,486
Household appliances 1,878) 1,915 1,884) -1.9)  +1.6)  +0.2) 1,839} 2,176) 1,920) 1,671) +10.1 13,032] 11,368
Electric lighting and
wiring equipment .... . 1,808) 1,753 1,756] +3.1 0.2) -1.2) 1,539] 1,890) 1,761 1,402) 49.8 12,041 11,434
Household audio and
video equipment ........ 1,092] 1,012) 1,076} +7.9 5.9) +5.7) 981 oll 873 846] +16.0 6,202 5,617
Communications equipment 5,012) 5,016} 4,830) -O.1] +3.9) -2.3) 4,334] 5,642) 4,620] 3,364) +28.8 32,161} 25,115
Electronic components . 8,005] 8,146] 7,949] -1.7)  +2.5] +4.3) 7,389) 8,622] 7,939] 6,228] +18.6 53,778} 45,205
Transportation equipment . . . 34,081] 38,600] 37,666) -11.7} +2.5]  -0.5} 25,683] 42,830} 40,352) 23,603 +8.8] 265,000] 242,210
Motor vehicles and parts ....... 23,363} 27,102) 26,899] -13.8] +0.8) +0.2| 16,073] 30,010} 29,896] 13,993] +14.9] 188,256} 160,352
Aircraft, missiles,
space vehicles, and parts. 8,219) 8,364) 7,983 -1.7) +4.8)  -3.3) 7,286] 9,598] 7,624) 7,418 -18 57,912] 65,161
Shipbuilding and tanks 853 1,322 1,136} -35.5] +164) +11.7] 807] 1,396) 1,117) 1,017) -20.6 7,003 6,677
Instruments and related products 10,850} 11,099) 11,043: -2.2) 40.5) +13) 9,792) 12,222] 10,902] 9,603 +2.0 74,651) 72,767
Search and navigation equipment . 2,598} 2,472) 2,502) +5.1 -12) -0.8) 2,298] 2,712] 2,466} 2,354 24 16,818] 18,389
Measuring and controlling devices . 3,128} 3,219) 3,214) -2.8] +02) +2.6) 2,793) 3,442| 3,154] 2,575) +8.5 21,778] 19,797
Medical instruments and supplies 3,015; 3,011 2,967] +01] +1.5] +12] 2,792] 3,292) 2,888] 2,671 +45 20,526] 20,034
Photographic goods . 1,765) 2,016 1,984) 12.5} +1.6) +2.1 1,573) 2,357] 2,009) 1,667, 5.6 13,001] 12,218
All other durable goods . . 16,207] 16,188] 16,167] +01} +0.1] +3.0) 15,120] 17,358} 16,221} 13,543] +11.6] 110,145} 100,353
Nondurable goods industries ...... . 128,435] 128,556] 127,722] -0.1]  +0.7]  +0.3) 124,107) 135,246] 127,760} 117,588) +5.5} 878,979] 846,358
With unfilled orders .. . 31,792] 31,752) 31,374) +0.1] +12} +2.0) 30,323) 32,362) 30,864) 28,194) +7.6| 212,654) 202,151
Food and kindred products . 35,134) 35,504) 34,913) -1.0]  +1.7]  +0.1) 33,700) 36,879) . 35,282] 33,096] +18] 243,459) 234,786
Meat products 8,088) 7,899] 7,837] +24) +0.8) -0.7) 7,959] 8,182) 8,143) 7,815) +18 55,508! 54,733
Dairy products 4,473 4,543} 4,591 -15) ol +03} 4,460] 4,824) 4,704) 4,537 17 32,129] 31,148
Beverages ... 5,169) 5,254] 5,172) -1.6) +1.6 0.0} 5,422} 6,077) 5,664) 5,183 +4.6 36,381] 34,129
All other foods, except “fats and oils 15,769] 15,954] 15,521 12) +2.8) oO. 14,224] 15,942] 14,979] 13,892] +2.4] 106,818] 102,896
Tobacco products . 2,648) 2,431 2,525] +8.9} -3.7] -21.4] 2,516] 2,854) 2,628) 2,565 “19 18,631 18,504
Textile mill products .. . 6,230] 6,253} 6,191 04) +1.0) +24) 5,564) 6,904] 6,190) 5,187) +73 41,803} 39,949
Broadwoven fabrics and
other textiles... .........- 3,862} 3,910) 3,841 1.2] +18) +3.4) 3,360] 4,254] 3,933] 3,134) +72 26,059} 24,997
Paper and allied products . . 11,263] 11,209} 11,167] +0.5} +0.4) +2.5) 11,128) 11,751] 11,101) 10,561 +54 76,859] 75,389
Pulp, paper, ani
Paperboard mill products ...... 4,438) 4,411 4,400} +06) +03) +3. 4,447) 4,613) 4,387) 4,344) +24 30,349] 30,585
Paperboard containers and boxes . . 2,950} 2,937 2,900] +04) +13) +14 2,903] 3,062] 2,930) 2,594) +11.9 19,911 18,551
Miscellaneous converted
Paper products . 3,875) 3,861 3,867] +0.4 0.2) +2.5) 3,778] 4,076] 3,784) 3,623, +43 26,599} 26,253
Chemicals and allied ‘products 28,000] 28,089) 28,021 0.3} +0.2)  +0.8) 26,751] 30,149] 28,424] 24,821 +78) 195,404] 184,365
Industrial chemicals . 14,786] 14,727} 14,610] +04] +08) +2.5] 14,564) 15,660] 14,873] 13,057) +11.5] 101,537] 95,167
Drugs, soaps, and toi 10,010) 10,134) 10,195) -1.2| 0.6] = -0.3} 9,259) 10,747] 9,437) 9,095 +18 68,977] 66,252
Petroleum and coal products . . 12,304] 12,163) 11,864) +12) +25) -0.1] 12,874) 13,071] 12,091] 12,599) 42.2 80,547} 87,504
Rubber and plastics products 9,228} 9,382) 9,441 -1.6) 0.6 +1.5) 8,626] 10,264) 9,701. 7,885) 49.4 65,198} 60,686
All other nondurable goods 23,628) 23,525] 23,600} + +0.4] 0.3) +1.3) 22,948) 23,374) 22,343) 20,874) +9.9] 157,078] 145,175

¥ 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.