Table 4. VALUE OF MANUFACTURERS’ INVENTORIES FOR INDUSTRY GROUPS

(Millions of dollars)
Seasonally adjusted Not seasonally adjusted
Industry Monthly Percent Change Monthly Percent
change
June May Apr.| May-| — Apr.= | Mar.~ June May Apr. June} June
1994? 1994" 1994 June May Apr. 1994" 194 1994 1993 94/93
All manufacturing industries ... . . 382,717] 382,382] 380,645 40.1 40.5 +0.2] 381,514] 385,391} 382,017] 379,758 +05

Manufacturing industries
with unfilled orders. . vss. | 253,842] 253,870} 252,342 0.0} +06] +04] 254,150] 256,926] 253,616] 251,621] +1.
without defense capital goods... 358,172] 357,438] 355,126] +02] +0.7) +03] 356,804] 360,167] 356.387) 350,982) +1.7

Durable goods industries . . 240,813] 240,539] 239,164 +0.1 +0.6 40.4] 240,326] 243,001] 240,081] 236,961 +14

With unfilled orders : 220,483 | 220,516| 219,041 00| +07) +05} 220,458] 223,076] 219,878] 218,042] 41.1
Stone, clay, and glass products... . . 7373} 7469) 7501} -13} 04} -06] = 7,402] 7,643] 7,674) 7,717] 4.1
Primary metals... . vessss] 19,631] 19,601] 19,527] 40.2] 40.4) —-0.1] 19,523] 19,622] 19,499] 19,059] 42.4

Blast furnaces, steel mills. 9533] 9,529} 9,477 00} +05) -02) 9352) 9417] 9281] 9237) +12

Iron and steel foundries
Nonferrous and other primary
metals... . wees 8,593] 8579} 8,590] +0.2

1,505 1,493 1,460 +0.8 42.3 +03 1,526 1,536 1,504 1,393 49.5
01 8,645 8,669 8,714 8,429 +26

Fabricated metal products + | 23,169] 23,062] 22,949] 40.5 404} 23,454] 23,313] 23,152] 23,267] +08
Industrial machinery and equipment . | 48,427] 48,121] 47,888] +06 +09! 47,901] 48,596] 47,946] 44,624] +73
Engines and turbines 3,599 3,690 3,583 25 413 3,574 3,771 3,608 3,524 +14

Farm and garden machinery

2,469 2,354 2,422 +4.9
Construction, mining and

40.4 2,338 2,283 2,390 2,033 +15.0

material handling equipment . . 5,778] 5,765] 5,741] +02] 404] 40.7] 5,824] 5,837] 5,823] 5,902] -1.3
Metalworking machinery .... . 5,504] 5,423] 5393] +15] 406] «4241 5,482] 5.450] 5.443] S193] 45.8
Computer and office equipment . . 11,999] 41,835] 11,834] +14 00) +13] sss] 11,995] 11,683] 9,958] +160

Electronic and other
electrical equipment ........... | 36,444] 36,071] 35,519] +10] +16] +15] 36,834] 36,945] 35,924] 32,897] +12.0

Electrical transmission and
distribution equipment and

industrial apparatus . . .. 4384] 4,327) 4,280) +13] +11} 403] 94,425] 4a} ©4348] = 4,390] +08

Household appliances . 2555} 2,575] 2,577) 08] = -O.1 0.0) 2675) 2814] 2,762] 2,680] — -02
Electric lighting and
wiring equipment . ..... see 2,952} 2,934] 2,933] +06 00} = -13] 3,041 3,004] 2,976] 2,953} +3.0
Household audio and
video equipment .. . . . : 1,088] 1,075 1061] +12] +13] +10 1,164 1,094 1,037 1,191 23
Communications equipment ". | 10,756] 10,595] 10,259] +15) 433] +32] 10.777] 10,893] 10,377] 8,289] | +300
Electronic components . . see] 11422711287] 11163] #12] tt} 417] 14399] 11357] 1114s] 9.968] 414.4
Transportation equipment . . . . + | 60,345] 60,862] 60,557] 0.8} +05} +03] 59,565] 60,993] 60,423] 64,547] -7.7
Motor vehicles and parts........ | 12,033] 12,032] 11,744 0.0} +25] +08) 11,505] 11,688] 11,547] 10,954] +5.0
Aircraft, missiles,
space vehicles, and parts. ..... 44335] 44,718] 44,678] 0.9] 40.1] 40.2] 44,126} 45,177] 44,747] 49,154] -10.2
Shipbuilding and tanks 0... 2... 1,469 11587 1624] -74] 23] -05 1,468 1,638 1,642 1919] -23.5
Instruments and related products . 21,992] 22,002] 21,815 00] +09 0.0] 22,170] 22,309) 21,934] 22,882} -3.1
Search and navigation equipment . 5,808 5,757 5,692 40.9 +11 +0.5 5,853 5,818 5,717 6,043 3.1
Measuring and controlling devices . 6514] 6492] 6,452) +03) +06] 04] 6553] 6566] 6480] 6634) -1.2
Medical instruments and supplies . 6212] 6,238] 6149] 04) +14] 402] = 6.243] 6325] 96,153] 6345] 16
Photographic goods ........... 2,652] 2,714) 2.727} -23 05} 0.7] 2692} 2,780] 2,770] 3,048] -11.7
Alll other durable goods ......... 23,432] 23,351] 23,408} +03 0.2)  -0.6] 23.477) 23,580] 23,529] 21,968] +69
Nondurable goods industries . 141,904] 141,843] 141,481 +03] 0.1] 141,188] 142,390] 141,936] 142,797] -1.1
With unfilled orders . . . 33,359] 33,354] 33,301 +02 0.0) 33,692] 33,850) 33,738] 33,579] +03

Food and kindred products

30,500] 30,564] 30,441 +04] +03] 29139] 29.475] 29.682] 28,814] +11
Meat products .

3,465 3,429 3,355 +10 +22 +3.0 3,496 3,486 3,441 3,095 +13.0

Dairy products .... 000.2022... 2,674 2,715 2718 -15 O01} +07 2,786 2,812 2,768 2,927 48
Beverages ........ 5,304 5,299 $308} +0.1 -02 0.2 5,283 $,300 5,337 5311 05
All other foods, except fats and oils 17,212 17,178 17,150 +0.2 40.2 0.2 15,801 15,943 16,184 16,061 16
Tobacco products .. . : 5,982 6,019 5,982 06} +06 -2.0 5,653 5,844 6,021 6418] -11.9
Textile mill products ............ 9,701 9,681 9,675 40.2 40.1 -0.2 9,807] 10,020 9,924 9,339 +5.0
Broadwoven fabrics and
other textiles... . eee 5,434 5,431 5,415 +0.1 +03 +02 5,434 5,572 5,556 5,291 42.7
Paper and allied products. ony 13,460 13,486] 13,466 02 40.1 40.1 13,524 13,746 13,739 13,560 03
Pulp, paper, and
Paperboard mill products : 5,708 5,782 $,823 “13 -0.7 0.2 5,691 5,895 5,926 5,661] +05
Paperboard containers and boxes . . 3,195 3,182 3,178| +04] +01] +05 3,208 3,197 3,214 3,240 -1.0
Miscellaneous converted
Paper products........ : 4,557 4,522 4465] +08] 9 +13 00} 4,625 4,654 4,599] 4,659 07
Chemicals and allied products - | 33,913] 34,082] 34,072 0.5 0.0} +01) 33,681] 34,345] 34,386] 34,709 -3.0
Industrial chemicals . . 15,993] 16,118] 16,075 -08] +03) +01] 15,913] 16117] 16,076] 17,041 66
Drugs, soaps, and toiletries . 13,503] 13,560] 13,583 -04 02] +02) 13,625} 13,898] 13,705] 13,597] +0.2
Petroleum and coal products ....... 10,380] 10,296} 10,179} +08 0 +11 -0.3] 10,548] 10,471} 10,126] 11,448 79
Rubber and plastics products 12,437] 12,348} 12,367] +0.7 -02 0.3) 12,355] 12,466] 12,516] 12,044] +2.6
All other nondurable goods 25,531] 25,367] 25,299] +06) +03 0.1} 26,481} 26,023] 25,542] 26,465] +0.1

* 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
300 300
280 280
260 260
240 240
220 1 se L L 1 it 1 L i 1 i 1 1 220
Jun Aug Oct Dec Feb Apr Jun Aug Oct Dec Feb Apr Jun
Jun. 1992 - Jun. 1994
Total Manufacturing

Ratio of Unfilled Orders and

Inventories to Shipments
V/S Ratios UO/S Ratios
2.5 4.2
2.4 vos |-{ 4.1

2.3 vs [44
2.2 +4 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
1.3b-------- rr cr rr rr rr rr rr 3

1.2 L J. 1 1 1 1 1 1 1 1 1 1 L 2.9

Jun Aug Oct Dec Feb Apr Jun Aug Oct Dec Feb
Jun. 1992 - Jun. 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
June May Apr. | May- | Apr- | Mar- June May Apr. June | June
1994? 1994" 1994 | June | May | Apr. 1994" 1994" 1994 1993 | 94/93
UNFILLED ORDERS
All manufacturing industries ..... | 449,532 | 448,546 | 447,337 +0.2 +03 +0.2 | 450,629 | 452,069 | 451,901 | 459,344 -19
Market categories
Automotive equipment 2,087 1,993 1,974 43.2 +10 +04 2,021 2,002 2,012 1,657 | +22.0
Home goods and apparel ....... 10,658 | 10,707 | 10,462 05] 423 | +05] 11,070 | 11,200 | 10,820 | 10,833 +22
Consumer staples . : 1,474 1,498 1,445 16] +37] +14 1461 1418 1421 1,422 42.7
Machinery and equipment ....... | 181,559 | 180,670 | 181,652 | +05} 0.5 -0.2 | 181,822 | 181,288 | 182,292 | 188,333 35
Business supplies 5,667 5,739 | 5,646 13} +16} +08] 5,710 5,830 | 5,659 5,577 424
Construction materials
and supplies 14,881 14,821 14,698 +04 +08 +04 15,104 15,060 14,894 14,751 42.4
Defense products . 107,762 | 107,709 | 107,273 0.0} +04 -0.9 | 107,704 | 107,718 | 108,304 | 116,774 78
Other materials, supplies an
and intermediate products ...... 125,474 | 125,409 | 124,187 | 40.1 | +10 | 41.7 | 125,737 | 127,553 | 126,499 | 119,997 +48
Durable goods industries :
Nondefense capital goods > ...... | 199,675 | 198,930 | 199,657 40.4 04 0.0 | 199,592 | 199,226 | 200,031 | 206,325 33
Excluding aircraft and parts. . . 83,596 | 81,680 | 81,460 | +23} +03 | +2.1 | 83,513 | 81.976 | 81,834 | 71.330 | +171
Defense capital goods‘ ........ | 113,532 | 113,592 | 113,228 “0.1 | +03 -0.6 | 113,543 | 113,739 | 114,394 | 123,184 18
Durables excluding capital goods 112,315 | 112,061 | 110,796 | +02) +11 | +10 | 112,904 ] 114,506 | 113,382 | 106,612 +59
Miscellaneous series :
Producers’ durable equipment - | 212,514 | 210,458 | 210,518 +1.0 0.0 +01 | 212,561 | 211,327 } 211,554 | 211,490 40.5
Household durable goods ....... 5,923 5860} 5460] +11] +73 33 6,031 6.159 | 5,829 5,512 +94
Information technology industries 33,828 | 33,276 | 33,492 417 0.6 +14 | 34,249 | 33,805 | 33,385 31,951 +72
Health care equipment
and products : sees 6910 | 7,043 7,123 9] -ll 24] 6,910 7,043 7,123 8,062 | -143
TOTAL INVENTORIES
All manufacturing industries ..... | 382,717 | 382,382 | 380,645 40.1] +0.5 +0.2 | 381,514 | 385,391 | 382,017 | 379,758 +0.5
Market categorie:
Automotive equipment ......... | 6,093 6,095 | 6,033 oo] +10] 05 5,898 | 6,024 | 5,992 5,999 17
Home goods and apparel +» | 30,879 | 30,731 30,693 +0.5 40.1 0.3 | 32,083 | 31,993 | 31,177 | 31,298 42.5
Consumer staples... . . ses+s | $7,962 | 58,003 | 57,773 O01] +04 0.0 | $6,733 | 57,331 | 57,221 | 58,103 24
Machinery and equipment ..... . 91,797 | 91,550 | 90,237 +03 +15 +1.0 | 91,177 | 92,844 | 90,595 | 87,654 +4.0
Business supplies .......... : 20975 | 21,044 | 21,036 -03 0.0 0.0 | 20,995 } 21,160 | 21.218 | 21,507 24
Construction materials
and supplies. . . 24,489 | 24,340 | 24,273 | +06] +03 -0.8 | 24,728 | 24,659 | 24,587 | 23,630 +46
Defense products ............ 23,662 | 23,933 | 24,439 “ll 21 -04 | 23,787 | 24,177 | 24,580 | 27,119 | -123
Other materials, supplies and
and intermediate products ...... 126,860 | 126,686 | 126,161 40.1 40.4 +0.3 | 126,113 | 127,203 | 126,647 | 124,448 +13
Durable goods industries :
Nondefense capital goods > ...... 86,859 | 86,524 | 85,212 40.4 415 +12 | 86,273 | 87,825 | 85,527 | 82,469 +4.6
Excluding aircraft and parts. 60,308 | 59,880 | 59,294] +07] +1.0 | +12 | 60,087 | 60,930 | 59,642 | 55,049 49.2
Defense capital goods‘ ....... 24,545 | 24,944 | 25,519 16] -23 -03 | 24,710 | 25,224 | 25,630 | 28,776 | -14.1
Durables excluding capital goods 129,409 | 129,071 | 128,433 +03 40.5 0.0 | 129,343 | 129,952 | 128,924 | 125,716 42.9
Miscellaneous series :
Producers’ durable equipment . 147,239 | 146,844 | 143,129 | +03 | +12] +06 | 146,754 | 148,606 | 145,692 | 141,590 43.6
Household durable goods eee 13,529 13,506 13,546 +0.2 0.3 0.5 13,872 13,940 13,673 13,697 +13
Information technology industries 32,657 | 32,288 | 32,022 +11 +0.8 +12 | 32,313 | 32,891 | 32,064 | 29,017 | +114
Health care equipment
and products ............... | 13,548 | 13,604 | 13,525 04] +06 | +02 | 13,643 | 13,872 | 13,596 | 13,723 06

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


Table 5. VALUE OF MANUFACTURERS’

FOR TOPICAL SERIES!
(Millions of dollars)

SHIPMENTS AND NEW ORDERS

Seasonally adjusted Not seasonally adjusted
Monthly Percent Change Monthly Percent ‘Year to date
Industry change
June May Apr. | May-} Apr.-| Mar-| June May Apr. June} June
1994} 1994] 1994] June] May| Apr.] 1994°] 1994'} 1994] 1993] 94/93 | 19947 | 1993
SHIPMENTS
All manufacturing industries 278,627| 276,232] 274,243| +09] +0.7|_-0.1] 299,901] 278,948] 272,953] 278,186] +7.8] 1,649,500 1,536,910
Market categories :
Automotive equipment 13,884] 13,522] 13,627] +2.7]  -0.81 +0.3} 14,999] 14,955] 14,722} 12,822) +17.0] 86,557] 74,165
Home goods and apparel 18,772| 19,169] 18,951) -2.1) +1.2} 0.0} 19,578] 17,930] 17,759] 18,437) +6.2| 108,600] 100,762
Consumer staples . 58,294] 57,656] 58,275] +11] -L.1]  +0.5] 61,300} 57,358] 56,146] 60,200) +1.8) 342,741] 336,008
Machinery and equipment 49,153] 48,3411 47,967] +1.7] +0.8| -1.4| 55,524] 48,790] 47,402] 49,839] +114] 292,596] 261,521
Business supplies 21,008] 20,834] 20,591] +0.8| +12] +0.6 21,750] 20,949] 21,119} 20,229] +7.5] 122,618] 116,443
Construction materials
and supplies se 17,637] 17,680] 17,690} -0.21 -0.1)—-0.5] 19,357] 18,246] 17,839] 18,131] +6.8} 105,085] 97,250
Defense products . 7:266| 7,277| 7,346] -0.2) -0.9 -1.2} 7,771] 7,079} 6,936] 8,334] -6.8] 42,853] 45,156
Other materials, supplies and
and intermediate products 92,613] 91,753] 89,796] +0.9] +22) +0.) 99,622] 93,641] 91,030} 90,194] +105] 548,450} 505,605
Durable goods industries :
Nondefense capital goods * 36,834] 36,225] 35,873] +1.7] +1.0] -1.5] 42,625] 35,116] 34,101] 38,768] +9.9] 216,205] 195,863
Excluding aircraft and parts... | 32,104) 31,883] 31,288] +0.7/ | +1.9] +1.3) 36,923] 30,954] 29,650] 31,576] +16.9] 187,236] 161,778
Defense capital goods‘ ....... 6,868] 6,816] 6,952] +0.8| 0} -2.6 7,397] 6,576] 6,471] 8,069} -8.3] 40,304] 43,662
Durables excluding capital goods . | 106,515] 105,469] 104,107} +1.0]  +1.3]  +0.3) 114,684] 109,496] 106,663] 101,925] +12.5] 638,170} 568,615
Miscellaneous series :
Producers’ durable equipment 96,852] 95,528] 94,821] +1.4] +0.7]  -0.5] 107,286] 97,818] 95,067] 95,388] +12.5] 581,359] 516,751
Household durable goods . 8,081} 8,101] 8,000] -0.2) +13] +15] 8354) 7,707] 7,701] 7,653] +9.2] 46,310] 42,615
Information technology industries 18,013] 17,439] 17,389) +3.3) +0.3) +0.51 21,345] 16,191] 15,441] 17,852] +19.6] 101,645] 86,495
Health care equipment
and products 8,508] 8,503} 8,483) +0.1 +0.2) 0.1] 9,102 8,023) 8,147) 8,901 423 50,151 48,385
NEW ORDERS
All manufacturing industries 279,613] 277,441] 275,182] +0.8] +0.8! +0.2) 298,461] 279,116] 274,600] 272,580] —_+9.5} 1,661,771 ]1,524,068
Market categories :
‘Automotive equipment 13,949] 13,540] 13,635] +3.0]  -0.7] +0.2} 15,018] 14,945] 14,742] 12,783] +17.5] 86,676] 74,237
Home goods and apparel 18,723] 19,414] 19,005] -3.6| +22} -0.7] 19,448] 18,310} 18,117] 18,571] +4.7| 111,008] 103,004
Consumer staples . 58,270] 57,709] 58,295] +1.0] -1.0] +0.5] 61,343] $7,355] 56,160] 60,250] +1.8] 342,726] 335,991
Machinery and equipment 50,043] 47,359] 47,629] +5.7| -0.6  -0.9] 56,058] 47,786] 47,341] 49,946] +12.2] 294,194] 252,349
Business supplies ....... 20,936] 20,927] 20,636] 0.0} +14] +0.2) 21,630] 21,120] 21,108] 20,155} +7.3) 122,961} 116,332
Construction materials
and supplies ............. 17,696] 17,804] 17,749) -0.6] +0.3] 2.1] 19,401] 18,412) 18,022) 17,703) +9.6) 106,314] 97,674
Defense products . 7319] 7,713] 6416] -5.1) +20.2] +189) 7,758] 6,492] 5,229] 5,813) +33.5] 39,648] 38,594
Other materials, supplies an
and intermediate products . 92,677] 92,975] 91,817] -0.3]  +1.3]  +0.1] 97,805] 94,696] 93,881] 87,359] +12.0] 558,244] 505,887
Durable goods industries
Nondefense capital goods ° 37,579] 35,498] 35,815] +5.9] -0.9|  -0.9] 42,991] 34,311] 34,118] 38,698] +11.1] 218,460] 185,004
Excluding aircraft and parts . . 34,020] 32,103] 32,936] +6.0] -2.5| -0.4| 38,460] 31,096] 31,373] 31,311] +22.8) 195,091] 162,848
Defense capital goods‘ ...... 6,808] 7,180] 6.280] -5.2) +14.3] 428.1] 7.2011 5,921] 5,184] 5,440] +32.4] 36,709} 37,066
Durables excluding capital goods . | 106,769] 106,734] 105,250] 0.0] +1.4] _—_-0.6] 113,082) 110,620] 108,885] 99,013] +14.2] 647,922] 572,066
Miscellaneous series :
Producers’ durable equipment . 98,908] 95,468] 94,938] +3.6] +06 108,520] 97,591] 95,599] 95,086] +14.1| 587,777] 509,867
Household durable goods 8,144] 8,501] 7,813] 4.2} +8.3 8.226] 8,037] 7,851] 7,510] +9.5| 47,506] 43,701
Information technology indu: 18,565] 17,223} 17,849] +7.8] -3.5]  -0.4] 21,789] 16,611] 16,002} 17,871] +21.9} 103,808) 87,330
Health care equipment
and products. ............. 8,376] 8,422| 8,308] -0.5] +14] -0.1] 8,970] 7,943) 7,972] 8,643) +3.8 49,575] 47,995

* 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 June May Apr. Mar. June May Apr. Mar.
1994" 1994" 1994 1994 1994" 1994" 1994 1994
All manufacturing industries .. . . 137 138 139 138 2.98 3.01 3.04 3.03
Durable goods industries a 1.60 1.62 1.63 1.62 3.57 3.60 3.64 3.63
Stone, clay, and glass products LH LB LB 113 1.16 1.22 121 118
Primary metals... . 154 1.55 159 1.60 2.00 198 198 197
Fabricated metal produ en 155 153 153 152 1.48 1.47 146 145
Industrial machinery and equipment 180 179 181 1:79 238 233 234 227
Electronic and other

electrical equipment ........... 161 161 1.60 1.63 2.07 2.11 2.14 215
Transportation equipment |... || || 156 1.62 1.60 155 1101 1131 1141 10.95
Instruments and related products . | | 1.93 199 2.00 2.02 430 4:40 452 4.62
Nondurable goods industries ...... . Lu LiL 1 Lu 0.76 0.76 0.77 0.76
Food and Kindred products :- |: 0:86 0.88 0.87 0.84 (x) 0) (x) &)
Tobacco products. ..........- 2:58 238 1:86 2.17 &) &) &) &)
Textile mill products’. 136 1.56 1.60 158 (NA) (NA) (NA) (NA)
Paper and allied products . | 121 121 124 124 (NA) (NA) (NA) (NA)

Chemicals and allied product 121 122 123 123 ®) & &)
Petroleum and coal products 0.86 087 0:86 0.87 &) fora) & &)
Rubber and plastics products | | 131 131 133 133 &) & &) 9)

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

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

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

Shipments New orders Unfilled orders Inventories
Industry
June June June June
June? | 1993- June? | 1993- June? | 1993- June? | 1993-
June! | 1989-] May | June' | 1989-] May | June! | 1989-| May | June! | 1989- | — May
1994 | 1993 | 1994 | 1994] 1993] 1994] 1994] 1993] 1994] 1994] 1993] 1994
All manufacturing industries see &) 02 02 es) 02 02 & On O01 (xX) 0.0 0.1
Durable goods industries ..... 0.0 01 02 0.1 04 03 0.0 01 O.1 (X) 0.1 0.1
Stone, clay, and glass products es) 0.5 0.6 (X) 08 14 (0.4) 0.6 09 (X) 03 0.2
Primary metals... . . : 0.6 02 04 09 03 09 02 03 05 ) 02 02
Fabricated metal products oo &) 05 04 (X) 1.0 0.6 (e9) 04 03 (Xx) 0.2 03
Industrial machinery and equipment 0.2 03 04 03 0.5 0.6 0.0 0.1 0.1 & 0.1 0.2
Electronic and other

electrical equipment vee -0.1 0.1 03 04 15 1.0 02 0.5 04 (xX) 0.2 0.2
Transportation equipment . . . . . : 02 04 05 “0.1 08 07 0.1 0.1 01 & 02 02
Instruments and related products .. . . (xX) 05 03 (x) 1 23 (X) 0.1 04 (xX) 01 03
Nondurable goods industries ...... . (x) 02 01 & 03 02 fe) 0.5 04 te) 0.1 01
Food and kindred products ....... . (x) 03 03 (xX) (Xx) (xX) (xX) (X) (x) (X) 01 01
Tobacco products... 6.0... OXY 02 02 &) & &) & « () &) 0.0 0.0
Textile mill products . beeeee (xX) 12 05 (X) iA) (NA) (X) (NA) (NA) (X) 0.6 0.2
Paper and allied products ......... (xX) 06 02 (x) (NA) (NA) (xX) (NA) (NA) (xX) 0.9 0.1
Chemicals and allied products .... . & 04 02 (x) x) (xX) (xX) (X) (X) (xX) 03 0.2
Petroleum and coal products . . . (X) 02 05 (X) (x) (xX) (xX) (xX) (xX) (x) 03 04
Rubber and plastics products | | | &) 12 02 &) (x) x) x) &) &) &) 04 Ou

Capital goods industries :
Nondefense ..... 0.1 02 04 03 14 0.6 0.0 0.4 0.1 (xX) 0.1 0.1
Defense . . 04 02 04 23 09 55 02 01 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 mond,

' 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.


CURREN! INVUSINIAL KROrUunio

en

By

Sares

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

Manufacturers’ Shipments,
Inventories, and Orders

June 1994
M3-1-(94)-06
For Wire Transmissions 10:00 a.m. E.D.T. August 3, 1994

‘Steve Andrews or Gloria Cable
(301)763-2502 or (301)763-2575

Summary

New orders for manufactured goods in June increased

$2.2 billion or 0.8 percent to $279.6 billion, following a 0.8

percent increase in May, the Department of Commerce,

ureau of the Census reported today. This is the fourth

consecutive monthly increase and the tenth in the last eleven

months. Year-to-date new orders for 1994 are 8.6 percent
above the same period a year ago.

Shipments increased $2.4 billion or 0.9 percent to
$278.6 billion, following a 0.7 percent increase in May. This
is the fourth increase in the last five months. Year-to-date
shipments for 1994 are 7.0 percent above the same period a
year ago.

Unfilled orders increased $1.0 billion or 0.2 percent to
$449.5 billion, the fifth increase in the last six months. The
unfilled orders-to-shipments ratio decreased from 3.01 in
May to 2.98 in June, the lowest in nearly thirty years.

Inventories increased $0.3 billion or 0.1 percent to
$382.7 billion, following a 0.5 percent increase in May. This
is the fifth increase in the last six months. The inventories-
to-shipments ratio decreased from 1.38 in May to 1.37 in
June, the lowest on record.

New Orders

New orders for durable goods in June increased $1.7
billion or 1.2 percent to $151.2 billion. This is revised from
the previously published 1.3 percent increase. This is the
fourth consecutive monthly increase and the tenth in the last
eleven months.

Instruments and related products had the largest
increase, up $1.3 billion or 12.8 percent to $11.8 billion, the
third consecutive monthly increase and the fifth in the last
six months, Transportation equipment increased $0.8 billion
or 2.2 percent to $37.9 billion, due to motor vehicles and
parts and railroad equipment. This is the second
consecutive monthly increase, following three decreases in a
row. Industrial machinery and equipment was up $0.5
billion or 1.9 percent to $28.5 billion, the fourth increase in
the last five months. Fabricated metals had the largest
decrease, down $0.4 billion or 2.3 percent to $15.0 billion.

New orders for nondurable goods increased $0.4 billion
or 0.3 percent to $128.5 billion, as increases in food and
kindred products and petroleum and coal products more
than offset decreases in apparel and tobacco products. This
is the eighth consecutive monthly increase.

Shipments

Shipments of durable goods in June increased $1.7
billion or 1.1 percent to $150.2 billion, the fourth increase in

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

the last five months. The percent change is the same as
reported earlier. Transportation equipment had the largest
increase, up $1.1 billion or 2.8 percent to $38.7 billion,
primarily due to motor vehicles and parts and aircraft and

arts. Instruments and related products increased $0.3

illion or 3.1 percent to $11.4 billion, the third consecutive
monthly increase. Electronic and other electrical equipment
increased $0.3 billion or 1.1 percent to $22.6 billion, the
eighth consecutive monthly increase.

Shipments of nondurable goods increased $0.7 billion
or 0.5 percent to $128.4 billion, the eighth consecutive
monthly increase. The largest increase was in food and
kindred products, up $0.7 billion or 2.0 percent to $35.6
billion, the second consecutive monthly increase. Petroleum
and coal products increased $0.3 billion or 2.1 percent to
$12.1 billion, the fifth increase in the last six months.

Unfilled Orders

Unfilled orders for durable goods in June increased
$0.9 billion or 0.2 percent to $425.5 billion, the third
consecutive monthly increase. The percent change is the
same as reported earlier, Industrial machinery and
equipment, up for the twelfth consecutive month, had the
largest increase, up $1.5 billion or 2.6 percent to $60.2
billion, with increases in nearly all categories. Primary
metals increased $0.4 billion or 1.4 percent to $25.4 billion,
the seventh consecutive monthly increase. Transportation
equipment had the largest decrease, down $0.8 billion or 0.4
percent to $208.4 billion, primarily due to shipbuilding and
tanks and aircraft and parts. This is the twenty-fifth
decrease in the last twenty-six months. Unfilled orders for
nondurable goods increased 0.2 percent to $24.0 billion, the
eighth increase in a row.

Inventories

Inventories for durable goods in June increased $0.3
billion or 0.1 percent to $240.8 billion, the fifth increase in
the last six months. Electronic and other electrical
equipment had the largest increase, up_ $0.4 billion or 1.0
percent to $36.4 billion, the eighteenth increase in the last
twenty months. Industrial machinery and equipment
increased $0.3 billion or 0.6 percent to $48.4 billion, the
fifteenth consecutive monthly increase. Transportation
equipment had the largest decrease, down $0.5 billion or 0.8

ercent to $60.3 billion, primarily due to aircraft and parts.
ondurable goods inventories increased $0.1 billion to
$141.9 billion, the fourth increase in the last five months.

By stage of fabrication, finished goods decreased 1.0
percent in durables and 0.4 percent in nondurables. Work
im process increased 0.5 percent in durables and 0.7 percent
in nondurables. Materials and supplies increased 0.6
percent in durables and 0.3 percent in nondurables.

“The advance report on durable goods for July is scheduled for August 24, 1994 at 8:30 a.m. and the full report on August 31, 1994 at 10:00 a.m. For sale by

the Superintendent of Documents, U.S. Government Printing , Washing
tment of Commerce’s onlinc Economic Bulletin Board eae (202-482-:

ATA is available from Dialog Information Services, Inc. (

mn, DC 20402. This
) and through the Census Bureau's online information service-CENDATA.
2564) and CompuServe (1-800-848-8199). The CENDATA staff at the Bureau of
the Census (301-763-2074) can provide content information and gencral guidance.

rt is also available the day of issuc through the


Nondefense Capital Goods
New Orders and Shipments
Three Month Moving Averages

Billions of Dollars

11

38

33

28

New Orders

Pot ct re ee eee ee ee eee eee ee ee eee Shipments

| 38

L 1 n L J L n n L L L L

+ 28

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

Defense Capital Goods
New Orders and Shipments
Three Month Moving Averages

Billions of Dollars

11

10

New Orders

n 1 n n n n 1 L n L n

Note: All Charts based on sea:

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

sonally

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
June May Apr. | May- | Apr- | Mar. June May Apr. June | June
1994? | 1994" 1994 | June | May | Apr. | 1994" 1994" 1994 1993 | 94/93
MATERIALS AND SUPPLIES
All manufacturing industries 122,757 | 122,184 | 121,281 | +05 | +07 | +06 | 122,074 | 121,542 | 120,787 | 120,138 +16
Durable goods industries. . 70,628 | 70,231 | 69576 | +06] +09] +12] 70,089 | 69,755 | 68,899 | 67,478 43.9
Stone, clay, and glass products 2521 | 2580 | 2570] 23] +04] -06] 2521 | 2575 | 2537] 2518 40.1
Primary metals -.... 2... 6.031 | 6034 | 5937 00} +16] +03] 5992 | 51875] 5,763 | 6119 2.1
Fabricated metal products / | 7930 | 7854] 7.775 | +10] +10] +11 | 7947 | 7,702 | 7643 | 7,707 | 43.1
Industrial machinery and equipment’ | 15;374 | 15:251 | 14,965 | +08| +19] +33} 15318 | 15281 | 14,892 | 14,252] +75
Electronic and other
electrical equipment . . . 11854] 11,609 | 11,432 | 421] +15] +16] 11,807] 11690] 11451 | 10,352 | +141
Transportation equipment . 10,947 | 10,945 | 10,924 00} +02} +10] 10,776 | 10,957 | 10,975 | 11,481 “6.1
Instruments and related products 6.670 | 6,723 | 6,711 08 | +02 00 | 6714 | 6784] 6,720 | 6,800 “13
Lumber, furniture and
miscellaneous durable goods 9301 | 9,235 | 9,262 | +07] 03] 06] 9,014] 8891 8,918 | 8,249 +93
Nondurable goods industries 52,129 | 51,953 | 51,705 | +03] +05] -02] 51,985 | 51,787 | 51,888 | 52,660 “13
Food and Kindred products - 10,023 | “9.916 oor | +11 | 402 | -07 | 91880] ~9\801 | 9977 | 10,088 21
Tobacco products ....... S083 | 5,116 | 5,120] 06] -01] -14] 4'828 | 4996 | S160 | 5,056 45
Textile mill products . 2778 | 2;785 | 2,758 03) +10] +01 | 2821 | 21864) 2,792 | 2659 | +61
Paper and allied products 6640 | 6658 | 6.642] 03] +021 -04] 6635 | 6,637 | 6.655 | 6,737 “15
Chemicals and allied products 11235 | 11272 | 11250] -03] +02] +04] 11298 | 11300 | 11248 | 11,565 23
Petroleum and coal products 31089 | 3024 | 2/975 | 421] +16] +07] 31154 | 3,089 7984 | 3,248 29
Rubber and plastics products 43579 | 4546 | 4:544 | +0.7 oo] -06| 4si9 | 4527] 4546] 4338 +42
Apparel, printing, and publishing”
and leather goods : 8,702 | 8636] 3sis}| +08] +14] +05] 8850] 8573 | 8526] 8,969 “13
WORK IN PROCESS
All manufacturing industries 129,612 | 128,909 | 128,164 | +05] +06 | -03 | 128,817 | 129,516 | 128,335 | 128,931 0.1
Durable goods industries . . 106,041 | 105,506 | 104,959 | +05 | +05] -0.1 | 105,586 | 106,181 | 105,016 | 106,123 05
Stone, clay, and glass products 1042 053 | 1069 | -1.0] 1S | +27 foss | 089 | 1117 3135 -70
Primary metals ~. 2... 7359 | 7269} 77234] +12] +05] -0O5 | 7318 | 7.274 | 7268 | 6,903 +60
Fabricated metal products :| 7447 | 77468 | 7345 03] +17) 12] 7425 | 7533 | 7337 | 7,563 -18
Industrial machinery and equipment 19398 | 1g621 | 18834] +42] 11 | -1.0 | 191114 | 18,695 | 18,780 | 17333 | +103
Electronic and other
electrical equipment ..... .. 15,042 | 14916 | 14550 | +08] +425] +06] 15,088] 15,184] 14,691 | 13,765 +96
Transportation equipment ........ | 41,483 | 41,920 | 41,707 “10 | +05 | +04} 41,163 | 42007 | 41,525 | 44,773 8.1
Instruments and related products - 9338 | 9306 | 9243] +03] +07] -02] 91427) 9372 | 91257] 9,997 “57
Lumber, furniture and
miscellaneous durable goods . . 4932 | 4,953 | 4,977 04] 05] 07] 4996} 5027] sos] 4,654] +73
Nondurable goods industries 23,571 | 23,403 | 23205 | +07] +09] -09 | 23,231 | 23,335 | 23,319 | 22,808 +19
Food and kindred products 4,105 034 4,020 +18 +03 +04 825 3,753 3,886 519 +8.7
Tobacco products .......-- 172 167 191 | +30] -126 | +67 126 129 157 139 9:4
Textile mill products 2599 | 2571 | 2,562 | +11] +04] -17 | 2598] 2,613 | 2,585 | 2,460 +56
Paper and allied products 1211 1214 | 1,188 02} 422} +08] 1240] 1225 | 1206 | 1,249 -07
Chemicals and allied products 5451 51480 | 5,430 705] +09] 39] 3389] 5587] si489 | 5,629 43
Petroleum and coal products 27259 | 2255 | 2230 | +02] +11 22 | 2302 | 2278 | 2,262 | 2.618 | -12.1
Rubber and plastics products |. - 1811 1789 | 1769) +12) +01 | +02] 1,753 1776 | 1768 | 1,692 | +36
Apparel, printing, and publishing
and leather goods . . . 5963 | 5893] sgis} +12] +13] +11] 5,998] 5,974] 5,966 | 5,502 +9.0
FINISHED GOODS
All manufacturing industries 130,348 | 131,289 | 131,200} -0.7 +04 | 130,623 | 134,333 | 132,895 | 130,689 0.1
Durable goods industries 64,144 | 64,802 | 64,629 “1.0 +04 | 64,651 | 67,065 | 66,166 | 63,360
Stone, clay, and glass products . 3/810 | 3,836 | 3,862 0.7 “15 | 3.826 | 3.979 | 4020 | 4,064
Primary metals ~. 6241 | 6298} 6356} -09] 09} -01} 6213 | 6473 | 6468 | 6,037
Fabricated metal products | 7792 | 7740 | 7829) +07] -11] +14] 8082 | 8078 | 8,172 | 7,997
Industrial machinery and equipment | 131655 | 14249 | 14089 | 42] +11 | +409 | 13,469 | 14620 | 14,274 | 13,039
Electronic and other
electrical equipment . 9,548 | 9,546 | 9,537 oo} +01] 42.7] 9,939} 10,071 | 9,782 | 8,780
Transportation equipment . . : 791s | 7997 | 7/926 -0| +09] -13] 7626 | 8029} 7923 | 8,293
Instruments and related products - soga | 51973. | sigor | +02] +19] +03 | 6029] 6153 | 51957 | 6,085
Lumber, furniture and
miscellaneous durable goods . . .. 9,199 | 9,163 | 9,169 | +04 05 | 9,467 | 9,662 | 9,570 | 9,065
Nondurable goods industries 66,204 | 66,487 | 66,571 04 +03 | 65,972 | 67,268 | 66,729 | 67,329 -2.0
Food and kindred products 16372 | 16614] 16520] -15 40.8 | 15,434 | 15921 | 15,819 | 15,207 +15
Tobacco products... 727 736 671 *12 85 695 719 70. 1223 | -42.8
Textile mill products’: 4,324 | 4325 | 4,355 0.0 406} 4388 | 4543 | 4,547 | 4220 | +4.0
Paper and allied products. 5,609 | 5,614 | 5,636 0.1 +04 | 549 | 5884] 5878] 5574] +13
Chemicals and allied products 17227 | 17330 | 17392 -0.6 +13 | 16994 | 17458 | 17.649 | 17515 3.0
Petroleum and coal products 57032 | sio17 | 4974 | +03 0.0 7092 | sod | 4,880 | 5,582 88
Rubber and plastics products 6.087 | 6013 | 6,054] +06 -O.1 | 6,083 | 6,163 } 6,202 | 6,014 +11
Apparel, printing and publishing
and leather goods . . . . 10,866 | 10,838 | 10,969 | +03 -1.2 | 11,633 | 11,476 | 11,050 } 11,994 30

Preliminary. ‘ Revised.

Sce note at end of table 2 relating to survey variability


Table 3. VALUE OF MANUFACTURERS’

(Millions of dollars)

UNFILLED ORDERS FOR INDUSTRY GROUPS

Seasonally adjusted

Not seasonally adjusted

Industry Monthly Percent Change Monthly Percent
change
June May Apr.| May-| Apr | Mar- June May Apr. June} June
1994? 1994" 1994] June] = May] — Apr. 1994" 194" 1994 1993] 94/93
All manufacturing industries... . 449,532] 448,546] 447,337] +02] +03] +02] 450,629] 452,069] 451,901] 459,344 19
Manufacturing industries
without defense capital goods 336,000} 334,954] 334,109] +03] +03] +05] 337,086} 338,330] 337,507] 336,160] +03
Durable goods industries ....... 425,522] 424,583] 423,681] +02] +402]  +0.1] 426,039] 427,471] 427,807] 436,121 23
Stone, clay, and glass Products 7,236] 7,472] 7,535 “32 08} 42.1 7,341 7,731 1,546 7310] +04
Primary metals... 25,381] 25,026} 24,347] +14] 42.8] = +12] 25,963] 26,008] 25,516] 22.952] +13.1
Blast furnaces, steel mills . 10,973} 10,948} 10,864] +02] +08) +22] Mio] 11,274] 11,462] 10,577] $5.1
Iron and steel foundries 3,523 3,431 3,355 42.7 +23 +0.2 3,505 3,436 3,354 2,769} +26.6
Nonferrous and other primary
metals... eee 10,885} 10,647} 10,128] 42.2] 9 +5.1) 40.5] 11,342] 11,298] 10,700] 9,606] +18.1
Fabricated metal products 20,565] 20,559] 20,280 oo, +14 -0.1] 20,590] 20,584] 20,483] 21,491 42
Industrial machinery and equipment. | 60.211] 58670] 57624] +26] +18) +29] 60,144] 58.942) 57885] 50,098] +201
Engines and turbines .......... 10,009} 10,015 9866] -O1] +15 05] 9,655] 9,564] 9,522] 9,602 +06
Construction, mining and
material handling equipment 6,690 6,484 6,383 43.2 41.6 43.5 6,596 6,516 6,527 5,550] +188
Metalworking machinery. . . 9,155 8712] 8,690) +51) 403] +19] 9,155 8712] 8,690] 6,858} +33.5
Computer and office equipment 9,006 8,781 8,334 42.6 45.4 +69 9,420 9,304 8,244 7,622) +23.6
Electronic and other
electrical equipment ........ 46,902) 47,176] 47,356 0.6 04 42.6] 46,452] 47,649] 48,151 42,452 49.4
Electrical transmission and
distribution equipment and
industrial apparatus ........ 6,062 6,100 6,127 06 0.4 40.7 6,029 6,102 6,143 5,738 $5.1
Electric lighting and
wiring equipment ........ 3,404] 3,403 3,353 00} +15] +15] 3,404] 3,403] 3,353] 3,122] +9.0
Communications equipment 14,663] 14,904] 15,306 -16 26] +06] 14619] 14,864] 15316] 13,369] +9.3
Electronic components 16,855] 17,148] 17,135 -17} 40.1] +5.6] 16636] 17,717] 17,878] 15,448] 47.7
Transportation equipment ....... . 208,422 | 209,255} 209,841 04 03 -0.9| 208,828} 209,734] 211,119] 230,189 93
Aircraft, missiles,
space vehicles, and parts. 179,953 | 180,361} 180,204 0.2 +0.1 0.9] 180,429] 180,708] 181,264} 202,055 -10.7
Shipbuilding and tanks .. 16,647] 17,302] 17,924 3.8 -3.5 -2.1] 16,692} 17,352] 17,925] 20,068] -16.8
Instruments and related products. 48,959} 48,585] 49.210] +0.8 -13 -15] 48,546] 48,432] 49,290] 53,615 -9.5
Search and navigation equipment 32,148} 31,529] 31,933] +2.0 -13 -18] 31,727] 31,369] 32,029] 35,652] -11.0
Measuring and controlling devices 9,137 9,212 9,336 0.8 13 +12 9,137 9,212 9,336 9,137 0.0
Medical instruments and supplies 6,880] 7,013] 7,094] -1.9 “ld 24] 6,880} 7,013] 7,094 8,032] -143
All other durable goods . . . . 7,846) 7,840) 7,488] +01) 44.7) 9-21 8,175 83391 7,817 8014] +20
Nondurable goods industries . 24,010] 23,963] 23,656] +0.2) 41.3] +23) 24,590] 24,598] 24,094] 23,223] $5.9

? 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

June} May} Apr. | May-| Apr.-| Mar-| June] May} Apr. | June |_—_ June
1994? | 1994] 1994] June | May} Apr.] 19947] 1994'} 1994] 1993] 94/93 | 1994] 1993

All manufacturing industries . 279,613) 277,441] 275,182] +0.8] +0.8] +0.2) 298,461] 279,116] 274,600] 272,580] — +9.5] 1,661,771 ]1,524,068
Manufacturing industries

with unfilled orders ........ 151,585] 150,368] 148,093] +08] +1.5]  +0.5} 161,657] 148,269] 146,266] 143,651] +12.5| 894,811) 799,879
without defense capital goods . . 272/805] 270.261} 268,902] +0.9] +0.5] —-0.3) 291,260] 273,195] 269,416] 267,140] — +9.0) 1,625,062 [1,487,002
Durable goods industries ........-| 151,156] 149,412] 147,345] +1.2] +14) +0.3] 163,274] 150,852] 148,187] 143,151] +14.1] 903,091) 794,136
With unfilled orders ...........} 119,970} 118,687] 116,817] +1.1] +1.6] +0.6} 129,486] 116,901} 115,106] 113,847) +13.7] 708,804) 624,760
Stone, clay, and glass products .....| 6,432) 6,541] 6820) -1.7] 4.1] +23) 6,952] 6,893] 7,216} 6,063] +14.7) 39,083) 34,337
Primary metals enn 13,062{ 13.350] 12,581) -22) 46.1] -5.1] 13,457] 13,481] 12,715} 11,517] +168) 79,844) 72,244
Blast furnaces, steel mills . §,622| 5,753] 5,790] -2.3]  -0.6f +0.4) 5,752] 5,653] 5,823) 5,336) +7.8| 35,539] 33,916
Iron and steel foundries... . 1,248] 1,233) 1,166} +12) +5.7] -10.3} 1,332) 1,318) 1,175) 990} +34.5 7,684| 6,324
Nonferrous and other primary

metals.......... see 6,192] 6,364] 5,625] -2.7] +13.1)  -9.2] 6,373) 6,510) 5,717] 5,191] +22.8] 36,621] 32,004

Fabricated metal products ........] 14,981] 15,336] 14,960] -2.3| +25] -3.6 16,057] 15,489] 14,841] 14,749] +8.9] 91,100] 83,393
Industrial machinery and equipment . | 28,515] 27,993] 28,012] +1.9] -0.1] _ +0.7| 32,349] 27,823) 27,380) 26,248) +232} 168,560] 140,935

Engines and turbines ...... 1978] 1.928] 1,647] +2.6] +17.1] -1.8) 2,526) 1,803] 1,380] 2,046) +23.5] 10,270) 8,589
Construction, mining and
material handling equipment | 2,874] 2,771] 2,808) +3.7]  -1.3) +0.5] 3,026] 2,765] 2,885) 2,389) +26.7) 17,199] 15,110
Metalworking machinery ...... 3/202} 2/888] 3,006] +109] -3.9] -5.5] 3,437] 2,946] 2,808] 2,914) +17.9] 18,162] 14,722
Computer and office equipment ...] 7,531] 7,617] 7,728] -1.1] -1.4] -0.1] 9,563] 7,222) 6,489) 7,853} +21.8) 44,058] 35,994
Electronic and other
electrical equipment .......... 22,337] 22,175] 23,360] +0.7) -5.1] | +8.7] 23,146] 21,360] 23,293) 20,514) +12.8] 131,641} 110,918
Electrical transmission and
distribution equipment and
industrial apparatus ..... . 2,590} 2,551] 2,604] 41.5] -2.0) +13) 2,806} 2,543 2,624) 2,491] +12.6] 15,986] 14,560
Electric lighting and
wiring equipment . . . see 1,736] 1,806] 1,828] -3.9}  -1.2) +5.1] 1,876] 1,811] 1,761] 1,804] +4.0] 10,654) 10,174
Communications equipment -| 4,726] 4,428] 5,038 -12.1] +52) 5,317] 4,168] 4,765] 4,873] $9.1] 27,334] 21,698
Electronic components . -..-[ 7,906] 7,962) _ 8,524] 7] 6.6, +95] 7,561] 7,778) 9,219] 6,611] +144) 47,941] 38,743
Transportation equipment ..... . 37,900] 37,080] 35,933} +2.2] +3.2| -0.9] 41,551| 38,967] 37,631] 38,284] — +8.5) 234,296] 202,950
Aircraft, missiles,
space vehicles, and parts. .....] 7,981] 8,140} 6,588] -2.0] +23.6 +81) 9,324] 7,068} 5,924] 10,543] -11.6} 47,035) 42,622
Shipbuilding and tanks .. 374) 514 628) -27.2) -18.2| +123 374 344 649) 651} -42.5] 3,230} 4,514
Instruments and related products ....] 11,756] 10,418] 10,146] +12.8] +2.7} +1.0 12,659] 10,044] 9,187] 10,326) +22.6} 62,334) 61,192
Search and navigation equipment 3/063] 2,098] 1,929] +46.0]  +8.8) +319) 3,071] 1,806] 1,296) 1,827] +68.1{ 11,958] 14,532
Measuring and controlling devices .} 3,463} 3,090] 3,243) +121] 4.7) -5: 3,711] 3,030} 3,141] 3,016) +23.0} 19,634) 17,171

Medical instruments and supplies .] 2,863) 2,886] 2,756] -0.8] +4.7| -0. 3,136 2,807] 2,666] 2,976] +5.4) 17,135] 16,972
All other durable goods ..........| 16173] 16519] 15,533] -2.1] +63] -1.9] 17,103) 16,795) 15,924] 15,450} +10.7] 96,233) 88,167

Nondurable goods industries . - +] 128,457] 128,029] 127,837] +0.3)  +0.2| 0.0] 135,187] 128,264] 126,413] 129,429} +4.4) 758,680] 729,932
With unfilled orders .... . sees] 31,615] 31,681] 31,276] -0.2) +1.3} +0.1] 32,171] 31,368] 31,160) 29,804 +7.9| 186,007} 175,119

* 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 FOR INDUSTRY GROUPS

(Millions of dollars)

Seasonally adjusted Not seasonally adjusted"
‘Monthly Percent Change Monthly Percent | Year to date
Industry change
June} May} Apr. May-| Apr-| Mar-] June] May] Apr] June | __ June
1994°| 1994] 1994] June] May] Apr.| 19947] 1994'] 1994] 1993] 94/93] 19947} 1993
All manufacturing industries ... . 278,627} 276,232| 274,243| +09} +0.7| -0.1| 299,901] 278,948] 272,953] 278,186] —_ +7.8] 1,649,500 |1,536,910
Manufacturing Industries
with unfilled orders ..| 150,599] 149,159] 147,154] +1.0] +14] 0.0} 163,097] 148,101} 144,619} 149,257] +9.3] 882,540] 812,721
without defense capital goods . . . | 271.759] 269,416] 267,291] +0.9| +08] 0.01 292,504] 272,372] 266,482] 270,117] — +8.3} 1,609,196 1,493,248
Durable goods industries... . 150,217} 148,510] 146,932] +1.) +1.1 3} 164,706] 151,188] 147,235] 148,762] +10.7] 894,679] 808,140
With unfilled orders... . 119,031} 117,785] 116,404] +1.1) +1. 2} 130,918] 117,237] 114,154] 119,458]  +9.6] 700,392] 638,764
Stone, clay, and glass products vee 6.668] 6.604] 6,664] +10] 0.9] -0.3] 7,342] 6,708 6,868] 6,378] +15.1] 38,561] 33,419
Primary metals . . 12:707| 12,671} 12,292) +03] +3.1] +04] 13,502) 12,989] 12,594] 12,286] +9.9] 75,429] 69,968
Blast furnaces, steel mills . 507) 5,669] 5,555] -13] +21) +0.6f 5,910] 5,841] 5,682) 5,553] +6.4] 34,135] 31,761
Iron and steel foundries ........ Lise] 1.157] 1,158] -0.1)  -0.1]  -2.5] 1.263) 1,236] 1,225] 1,122] +126} 7,222] 6,385
Nonferrous and other primary
metals.......... 5,954) 5,845] 5,579) +19] +48) +0.8| 6,329] 5,912] 5,687] 5,611] +12.8} 34,072 31,822
Fabricated metal products. ....... 14975] 15057] 14981] -0.5| +0.5] -0.7] 16,051] 15,388] 14,938] 15,409] +42] 90,556] 84,663
Industrial machinery and equipment | 26,974] 26,947] 26,396] +0.1] 42.1 -0.4| 31,147] 26,766] 25,836] 26,974] +15.5} 161,394] 140,956
Engines and turbines ......... 1,984] 1,779] 1,700] +115] +4.6] 2,435] 1,761] 1,629] 1,898] +283) 10,754] 9,043
Farm and garden machinery 1695] 1811] 1,740] 6.4) +4.1 1,749] 2:208] 2;314] 1,526] +146] 12,053] 10,180
Construction, mining and
material handling equipment . 2,668] 2,670] 2,595] -0.1] +29} -0.51 2,946] 2,776 2,721] 2,672 +103] 16,394] 15,159
Metalworking machinery 2'759| 2:866| 2,840] -3.7| +09] +44) 2,994) 2924] 2,642] 2,724] +9.9] 16,342] 15,197
Computer and office equipment . . 7306] 7,170] 7,189} +19] -0.3) -2.3] 9,447] 6,162) 5,827] 8,037] +175} 41,889] 35,493
Electronic and other
electrical equipment 22,611] 22,355] 22,138] +11] +1.0f  +3.3] 24,343) 21,862] 21,225] 20,958] +16.2] 129,627] 110,553
Electrical transmission and
distribution equipment and
industrial apparatus . . 2,628] 2,578] 2,562} +1.9] +06 0.2] 2,879] 2,584] 2,574] 2,575] 411.8] 15,727] 14,374
Household appliances . 1922) 1,884] 1,881] 42.0) +0.) +22) 2,176] 1,920] 1,932] 1,861] +16.9] 11,193] 9,697
Electric lighting and
wiring equipment .......... 1,735] 1,756 1,777) -1.2]-1.2] 42.6 1,875] 1,761} 1,710) 1,825] +2.7] 10,487) 10,032
Household audio and
video equipment ....... 996 1,076] 1,018] -7.4] +5.7} +7. ou} 873} 818] 858] 46.2] 5,221] 4,771
Communications equipment 4,967] 4830] 4,945] +28] 23] +59) 5,562} 4,620) 4,607] 4,404) +263) 27,747) 21,751
Electronic components . . 8,199} 7.949] 7.621] +3.1] +43) +0.1] 8642) 7,939] 7,514] 7,346] +176] 46,409] 38,977
Transportation equipment . . 38,733| 37,666] 37,867] 42.8] -0.5|  -2.5] 42,457] 40,352] 39,739] 39,396] +7.8] 238,944] 218,607
Motor vehicles and parts. . 27'530] 26,899} 26851] +23] +02) +0.3] 30,033] 29,896] 28,940) 25,490] +17.8] 172,206] 146,359
Aircraft, missiles,
space vehicles, and parts. 8,389] 7,983] 8,259) +51] -3.3| -13.4] 9,603] 7,624] 7,880] 11,502} -16.5] 50,631} $7,743
Shipbuilding and tanks . . 1029} 1:136| 1,017] -9.4) 411-7] +127] 1,034) 1,117] 972] 947} 49.2] 5,834] 5,660
Instruments and related products . 11382] 11,043| 10,899] 43.1] +13) +09] 12:545) 10.902] 10,360] 11,826] +6.1] 65,182] 63,164
Search and navigation equipment raga] 2/502] 2522] -23| -08] +69! 2,713] 2,466] 2,284) 3,058] -11.3] 14,521] 16,035
Measuring and controlling devices .} 3,538) 3,214] 3,134] +10.1] +26 -2.2| 3,786] 3,154) 3,032] 3,041] +245} 19,329] 17,222
Medical instruments and supplies 2'996| 2.967] 2,931] +1.0| +12] -1.0] 3,269] 2888] 2,841] 3,234) +11] 17,711] 17,363
Photographic goods ..| 2018] 1/984] 1943) +17] 42.4] +10} 2,357] 2,009] 1,834) 2,137] +103] 11,428] 10,551
All other durable goods .......... 16.167] 16,167] 15,695] 0.0] +3.0| 0.6 17,319] 16,221] 15,675] 15,535] +115] 94,986} 86,810
Nondurable goods industries . 128,410] 127,722] 127,311) +05] +03) +0.2} 135,195] 127,760] 125,718] 129,424] +4.5) 754,821] 728,770
With unfilled orders... .. 31,568] 31,374] 30,750] +0.6| +2.0] +0.6] 32,179} 30,864] 30,465] 29,799] +8.0) 182,148) 173,957
Food and kindred products 35,612| 34,913] 34,890] +2.0) +0.11 -3.0] 37,007} 35,282] 33,898] 35,711]  +3.6) 209,887{ 201,690
Meat products 7.821] 7,837] 7,890} -0.2| -0.2] 1.7} 8,142] 8,143] 7,749] 8,333) -2.3] 47,509] 46,918
Dairy products 4573] 4,591] 4,578} -0.4] +03] 4.7] 4,829] 4,704] 4,532) 4,838] -0.2| 27,674) 26,611
Beverages ............. 5.245] 5.172] 5,170] +14] 0.0, -0.8| 6,047] 5,664] 5,134] 5,659] +6.9] 30,929] 28,946
All other foods, except fats and oils | 16102} 15521] 15,527] 43.7] 0.0] -3.2] 16,118] 14.979] 14,758] 15,136] +65] 92,770) 89,004
Tobacco products 2321] 2/525] 3.212] -8.1] -21.4} +45.8] 2/850) 2,628] 2,703] 3,437] -17.1] 16,111] 15,939
Textile mill products... 22... 6236] 6.191] 6,046] +0.7| +24] -1.4] 6,905} 6,190] 5,869] 6,448] +7.1] 36,240] 34,762
Broadwoven fabrics and
other textiles 2.2.0.2... 3,804] 3,841] 3,714] +14] 43.4] -2.5] 4,237] 3,933] 3,635] 3,838] +104] 22,682] 21,863
Paper and allied products. . ri1if 11167] 10,894] -0.5] +2.5) +03] 11,636] 11,101] 10,667] 11,216] —+3.7] 65,616] 64,828
Pulp, paper, and
paperboard mill products 4,401] 4,400] 4,248] 0.0] +3 0.5] 4,612) 4,387) 4,149) 4,542) +1.5| 25,901] 26,241
Paperboard containers and boxes 2'925] 2,900] 2,872] +09] +1.0, +281 3,054] 2.930] 2,922] 2,725] +12.1] 17,000] 15,957
Miscellaneous converted
paper products 3,785] 3,867| 3,774] -2.1] | +2.51 ~-0.7] 3,970) 3,784] 3,596] 3,949} +0.5] 22,715] 22,630
Chemicals and allied products 28.132) 28,021] 27,792] +0.4| +0.8] +02] 30,209] 28,424] 28,983] 28,460] +6.1] 168,713} 159,544
Industrial chemicals : 14.721] 14,610] 14256| +08] +25] +0.7| 15,663) 14,873] 14,721] 14,314] +9.4] 86,976] 82,110
Drugs, soaps, and toiletries . . 10,151} 10,195} 10,229] 0.4) 0.3) +0.4) 10,740} 9,437) 9,763] 10,444) 42.8 59,711 57,157
Petroleum and coal products . 12117] 11/864] 11/880] 42.1] -0.1] +14] 13,003] 12,091] 11,586] 13,306) -2.3] 67,605] 74,905
Rubber and plastics products 9,458] 9,441] 9,300] +0.2| +15] 0.0] 10,274) 9,701] 9,514] 9,387| +9.4] 56,582) 52,801
All other nondurable goods 23.423 23,600 23,297] -0.8] +13] +04, 23,311] 22,343) 22,498] 21,459] +86] 134,067) 124,301

T Preliminary. 7 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.