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

Seasonally adjusted Not seasonally adjusted
Industry Monthly Percent Change Monthly Pesesnt
change
Feb, Jan Dec.} Jan.-|_ Dec.- | Nov.- Feb. Jan, Dec. Feb. Feb.
1997° 1997" 1996] Feb. Jan. Dec. 1997° 1997" 1996 1996] 97/96
All manufacturing industries 441,759} 440,019] 437,922} +04] 40.5 0.3] 445,180] 438,592} 428,193] 438,237] +16
Manufacturing industries
with unfilled orders : 296,643 | 295,380} 293,761] +04] +06 -0.7] 298,166] 293,078} 285,159} 294,010] +14
without defense capital goods | 423,113 | 420,925] 419,366] +05] +04 -0.3] 426,785] 419,952] 410,468] 419.098} +18
Durable goods industries 279,674 278,390} 276,439] 40.5 +0.7 0.5] 282,300) 277,324] 269,306] 275574] +24
With unfilled orders. . 257,377 | 256,233) 254,458] +04] +0.7 -0.7} 259,041 247,368 | 252,305] +2.7
Stone, clay, and glass products... . 8,536 8511 8432) +03} +09] +05 8,728 8.201 +14
Primary metals... . 24,016 23,952 24,160 +03 0.9 40.7 24,102 24,196 +h7
Blast fumaces, steel mills... 12,041 12,041 12,218 0.0 “14 40.6 12,125 12.486 +4
Iron and steel foundries 1,513 1,499 1,494 +09 +03 40.1 1,525 1.461 +71
Nonferrous and other primary
metals... sss} 10,462] 10,412] 10,448] +0.5 0.3] +08] 10,452] 10.268] — 10,249 “17
Fabricated metal products : 26,470) 26,371) 26,196] +04] 40.7] 40.1] 26,667] 26.283] 25.708 +07
Industrial machinery and equipment 58,123] 57,843] 57,635) +05] 40.4 18] 59,081} 57,752] $5,557 -2.0
Engines and turbines 3,846 3,823 3.894] +06 “18 “18 3,747 3,632 3,654 0.1
Farm and garden machinery 2,955 2,877 2,785) 42.7) 433] +61 3,277 3.164 2,943 43.9
Construction, mining and
material handling equipment 7,355 7,358 7,340 00} +02 “ll 7,458 7,367 7,146 #23
Metalworking machinery 7,134 7,000 6968} +19] +05 25 7,134 6,878 6,582 +12
Computer and office equipment 11,850 11,718 11,760 +h 04 4.3 12,217 11,659 10,947 “13.7
Electronic and other
cctrical equipment... ..., 40,991] 40,898] 41,153] +02 -0.6 <1] 41,003} 40,502] 39,726 +01
lectrical transmission and
distribution equipment and
industrial apparatus... . . : 4,904 4,838 4,818 +14 +04 +0.4 4,910 4,761 4,684 4,968 12
Household appliances . . : 2,738 2,746 2,765 03 -0.7 23 2,869 2,742 2541 2957/04
Electric lighting and
wiring equipment... . . : 3341 3,335 3,320] +02] 40.5] +02 3,344 3,267 3,152 3417 “21
Household audio and
video equipment . . . - 1,546 1,569 1,565 -15] +03] +04 1,504 1514 1,438 1,602 “6.1
Communications equipment 11,373} 11,321} 11,265] 40.5] 40.5 25] 11419] 11,267] 10,780] 10.616] +7.6
Electronic components 13,545] 13,544] 13,850 0.0 22 03] 13,4777 13,509] 13,713] 13,994 “37
Transportation equipment . . 70,691] 69,935] 68,175] +11] 426 03] 71,545} 69,633] 66,227] 65,514] +9.2
Motor vehicles and parts... . 15,908} 15,694] 15,635] +14] +04] = 40.9] 16,108] 15,764] 15,308] 15,634] -#3.0
Aircraft, missiles,
ace vehicles, and parts. ...... | 49,919] 49,231] 47,617] +14] 43.4 0.2] 50,452] 48,853] 46,131] 44,092} +12.9
Shipbuilding and tanks . . . 1,861 1,904 1,906 -23 -0.1 -19 1,886 1,897 1,838 1,831 +3.0
Instruments and related products 25,222} 25,256] 25,036 0.1] +09} 40.4] 25,086] 24,728] 24.276] 24,135] 3.9
Search and navigation equipment 6,841 6,869] 6,737 04] 420) +02 6,827] 6,717 6,565 6.283} +87
Measuring and controlling devices 8,066 8,128 8,120 08) +01) +27 8,050 8,020 7,897 7,803 43.2
Medical instruments and supplies. 7,621 7,589) 7,485] +04) +14] +0.7 7,583 7,410 7316 7143] +62
Photographic goods 2,045 2,022 2,051} +11 “14 “8.2 1,982 1,884 1,857 2289] -13.4
Ail other durable goods .......... | 25,625] 25,624] 25,652 0.0 -0.1 -0.4{ 26,088] 25.939] 25,415] 25,873] +08
Nondurable goods industries . . + | 162,085] 161,629] 161,483} +03] +01 0.0] 162,880] 161.268] 158,887] 162,663] +0.1
With unfilled orders... . -- | 39,266] 39,147} 39,303] +03, 0.4 0.9} 39,125} 38,481} 37,791] 41.705 “62
Food and kindred products... .. . 33,379] 33,095] 33,285] +0.9 -0.6 0.6] 33,562] 33.475] 33,577] 33.276] +09
Meat products ....... . 3,970] 3,968 4,043] 40.1 +19 0.5 4,041 3,908 3,838 4,143 28
Dairy products . 2,923 2,769 2,908} +56 48 0.6] 2,847 2,705 2,804 2612] +90
Beverages 6,297 6,272 6217] +04 +09] 40.1 6,297 6,235 6,123 6187] +18
All other foods, except fats and oils 17,948 17,854 18,013 40.5 09 +04 17,966 18,210 18,602 18,176 12
Tobacco products. . . 5,976 6,027 6,036 -0.8 0.1 -0.6 6,454 6,534 6,464 6,057] +6.6
Textile mill products . . : 10,054) 10,101] 10,069 05] +03 0.2} 10,196} 10,091 9,620] 10,390 “19
Broadwoven fabrics and
other textiles . 5,991 6,039) 6,017 -08| +04 0.0 6,087 6,066 5,785 6,212 “20
Paper and allied products : 16,356] 16,389] 16,478 -0.2 05 04] 16.487] 16375] 16.273} 17,773 “12
Pulp, paper, and
Paperboard mill products. : 6,755 6,728 6,760] +04 0.5 “12 6,856 6,765 6,694 7,470 “8.2
Paperboard containers and boxes 4,004 4,035 4,045 0.8 0.2 +13 4,056 4,041 4,032 4,524 10.3
Miscellaneous converted
Paper products : 5,597 5,626 5,673 -0.5 -08 -0.6 5,875 5,569 5,347 5,779 33
Chemicals and allied products 40,130} 39,869] 39,819] 40.7] 40.1) 40.9} 40,542} 39,755] 39,529] 39,143] +3.6
Industrial chemicals : 19,326] 19,309] 19,286] +0.1) +0.1] +10] 19,597] 19.558] 19.421} 19.038] +2.9
Drugs, soaps, and toiletries : 15,697] 15,455] 15,487] +1.6 02} 40.7] 15,477] 14,885] 15,090] 14.g95] 43.9
Petroleum and coal products 13,015} 13,224] 12,910 16} 424) +18] 12,702] 12.878) 12.251] 11.744] +82
Rubber and plastics products 15,839] 15,796] 15,664] +03) +08] +06] 16228] 15,934] 15528] 15577] +42
All other nondurable goods se 27,336] 27,128] 27,222] +08 0.3 -1.2] 26,709] 26,226] + 25,645} 28,703 69

® Preliminary, ‘ Revised.
See note at end of table 2 relating to survey error and revision.


10 Total Manufacturing
New Orders and Shipments
Three Month Moving Averages
Billions of Dollars

360 360
New Orders.

340 P- - ---- 2 ory Shipments |-1 340

320 320

300 300

2s0-- - ----------- ee -errrrnd 280

260 L i 1 1 L 1 L 1 L 1 L 1 1 260
Feb Apr Jun Aug Oct Dec Feb Apr Jun Aug Oct Dec Feb

Feb. 1995 - Feb, 1997

Total Manufacturing
Ratio of Unfilled Orders and
Inventories to Shipments

V/S Ratios UO/S Ratios
2.5 3.9
2.4 3.8
2.3 3.7
2.2 3.6
2.1 3.5
2 3.4
1.9 3.3
1.8 3.2
1.7 3.1
1.6 3
1.5 2.9
1.4 2.8
1.3 2.7
1.2 bob L i L n Ll 1 L 1 L L L LI 56

Feb Apr Jun Aug Oct Dec Feb Apr Jun Aug Oct Dec Feb
Feb. 1995 - Feb. 1997

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
Feb. Jan, Dec. | Jan- | Dec- | Nov- Feb. Jan. Dec. Feb. Feb
1997 1997 1996 | Feb, | Jan. | Dec. 197° 1997" 1996 1996 | 97/96
UNFILLED ORDERS
All manufacturing industries 523,564 | 519,110 | 514,398 | +09] +09 0.0 | $26,272 | 519,996 | 508,763 | 491,991 +70
Market categories =
Automotive equipment . 1,976 1,966 1,923 42.2 00] 2047 | 2,016 1,875 | 2,023 +12
Home goods and apparel 8,335 | 8,592 | 9.295 76} -12 | 8153 8,047 7,620 | 9,054 | -10.0
Consumer staples 1,949 | 2137 | 2,083 426 | +22 1875 | 2146 | 2,099 1,796 +44
Macl 236,170 | 232,580 | 229,765 +12 -0.3 | 237,110 | 232,954 | 228,790 | 219,523 +8.0
Business supplies . 6,434 | 6583 | 6,636 08 | +07] 6307 | 6514 6.488 6.196 +18
Construction materials
and supplies 16,303 | 16,425 | 16,230 07] 412 | +28} 16431 | 16,298 | 15,921 | 15,877 43.5
Defense products . 105,005 | 105,464 | 105,396 04] +01 | +17 | 104,701 | 105,743 | 105,644 | 99,127 +56
Other materials, supplies and
and intermediate products . . 147,392 | 145,363 | 143,070 | +14] +16 | -09 | 149,648 | 146.278 | 140,326 | 138,395 +8.1
Durable goods industries :
Nondefense capital goods * ...... | 256,932 | 253,309 | 250,611 | +14] +11 -0.3 | 257,984 | 254,092 | 250,098 | 237,803 +85
Excluding aircraft and parts .... | 98,961 | 96,465 | 95,857] +26] +06 -1.9 | 100,013 | 97,248 | 95,344 | 99,486 +05
Defense capital goods * ++ | 110,035 | 110,438 | 110,298 04] +01 | +18 | 109,762 | 110,687 | 110,338 } 104,104 45.4
Durables excluding capital goods 131,846 | 130,224 | 128,005 | +12 | +1.7 -0.8 | 134,220 | 130,776 | 123,979 | 126,568 +6.0
Miscellaneous series
Producers’ durable equipment .... | 269,297 | 265,411 | 262,650 | +15] +11 | +0.1 | 270,772 | 266,124 | 260,467 | 254,187 +65
Household durable goods 383 | 5,325 5,686 | +11 63} +20] 5,333 5,208 | 4.809 3.779 17
Information technology industries 39,252 | 37,560 | 36,998 +45] 415 -3.0 | 38,930 | 37,102 | 36,736 | 39.214 “0.7
Health care equipment
and products ...... 8,058 8,050 7,643 +0.1 +53 33 8,306 8,242 7,641 7,806 +64
TOTAL INVENTORIES
All manufacturing industries 441,759 | 440,019 | 437922 | +04] +05 -0.3 | 445,180 | 438,592 | 428,193 | 438,237 +16
Market categories :
Automotive equipment... . 7,991 7935 | 7,888 | +07] +06] -05 | 8176] 7,933 | 7,626} 7,989 423
Home goods and apparel 32,117 | 32,143 | 32,102 0.1 +0.1 0.3 | 32,123 | 31,852 | 30,636 | 32,785 -2.0
Consumer staples . 65,336 | 64,945 | 65,079 | +06] -02 -0.1 | 65,432 | 64,803 | 64,746 | 64,320 +17
Machinery and equipment . 114,632 } 113,301 | 111,648 | +12] +15 -1.0 | 116,366 | 112,709 | 107,771 | 109,846 45.9
Business supplies . : 26,148 | 26,094 | 26.062] +02] +01 -0.6 | 26,048 | 25,597 | 24.957 | 26,274 09
Construction materials
and supplies... 2... 2... 2.0 26,276 | 26,223 | 26,198 | +02] +01 | +01 | 26,662 | 26,245 | 25,672 | 26,585 +03
Defense products ....... 18,494 | 18,922 | 18390 23] +29] -20] 18277] 18,555 | 17,691 | 18,945, 35
Other materials, supplies and
and intermediate products 150,765 | 150,456 | 150,555] +02] -0.1 | +03 | 152,096 | 150,898 | 149,094 | 151.493 +04
Durable goods industries :
Nondefense capital goods * . . . 108,727 | 107,415 | 106,010 | +12] +13 110,189 | 106,774 | 102,159 } 104,011 459
Excluding aircraft and parts 70,666 | 70,442 | 70,145 +03 40.4 71,344 | 69,816 | 67,123 | 72,331 14
Defense capital goods* ........ | 18,646 | 19,094 | 18,556 23] 429 18395 | 18,640 | 17,725 | 19,139 39
Durables excluding capital goods 152,301 | 151,881 | 151,873 40.3 0.0 153,716 | 151,910 | 149,422 | 152,424 +0.8
Miscellaneous series :
Producers’ durable equipment 181,611 | 180,232 | 178325 | +08} +11 183,856 | 179,451 | 172,934 | 177,115 +38
Household durable goods . 15,572 | 15,648 | 15,638 05] +01 15,773 | 15,605 | 14,984 | 15,517 +16
Information technology industries 35,588 | 35,453 | 35357] +04] +03 35,926 | 35,075 | 33,604 | 37,007 -2.9
Health care equipment
and products 16,153 | 15,992 | 15,903 | +10] +06 16,000 | 15,570 | 15,520 | 15,246 +49

See footnotes at end of table 5.

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


Table 5. VALUE OF MANUFACTURERS’

FOR TOPICAL SERIES!
(Millions of dollars)

SHIPMENTS AND NEW ORDERS

Seasonally adjusted

Not seasonally adjusted ?

Monthly Percent Change Monthly Percent Year to date
Industry change
Feb. Jan.| Dec. | Jan-| Dec-| Nov-| Feb.| Jan] Dec. | Feb.} Feb.
19977] 1997] 1996] Feb.] Jan.| Dec} 1997°] 1997'] 1996} 1996} 97/96 | 1997" | 1996
SHIPMENTS
All manufacturing industries 321,457] 318,498] 315,278] +09] +1.0] — -0.7] 319,228] 288,346] 311,489] 299,246] +6.7) 607,574] 569.309
Market categories
Automotive equipment 13,962) 14,226} 13,375| 1.9] +64) -3.7] 15,337] 13,439] 11,534] 14,755] 43.9] 28,776] 27.019
Home goods and apparel 19.446] 18,976] 19.114] 42.5] -0.7| -0.7] 19.152] 15,900} 16,717] 17,571] +9.0] 35,052] 32.270
Consumer staples 68,080} 68.476] 67.320] -0.6 +1.7| 1.1] 65.541] 64,005] 67,595] 60,995] +75] 129,546} 119.980
Machinery and equipment 56,763] $5,960] $6,766] +1.4]  -1.4]  +0.2| 56,358] 47,352] 63,322] 53,607] +5.1] 103,710 444
Business supplies 25,454] 25,348] 25.192) +04] +06] -0.4 25,005] 23.271] 24,437) 23.572] 46.1] 48,276] 45.311
Construction materials
and supplies 20,016} 19,815] 19,372) +10) +23) -1.1) 19,101} 17,384] 17,568] 17,337] +10.2) 36,485] 33,578
Defense products . : 6781} 6.371] 6,519] +64) -2.3)  -0.1] 6810] 5,318] 7,640] 6,156} +106) 12,128] 11,518
Other materials, supplies an
and intermediate products 110,955] 109,326] 107,620] +1.5] +1.6 — -0.6] 111,924] 101,677] 102,676] 105,253]  +6.3] 213,601} 202,189
Durable goods industries :
Nondefense capital goods * 43,820] 43,1211 44,612] +1.6]  -3.3] 1.5] 42,136} 35,021] 53,380] 40,441 44.2] 77,157
Excluding aircraft and parts 37,983] 37,262] 38,567] +1.9]  -3.4| +1.1] 36,517] 30,578] 45,253] 35,839) +1.9] 67,095
Defense capital goods * 6,442) 6,061] 6,132] +63) 1.2) 1.0) 6,413} 4,950] 7,420) 5,771] +L] 11,363
Durables excluding capital goods . | 122,818] 121,131] 117,975] +14] 42.7] -1.7] 125,414] 111,276} 109,632] 116,102] +8.0] 236,690
Miscellaneous series,
Producers’ durable equipment 110,200] 108,761] 107,632} +13] +1 -1.2| 111,913] 96,0621 110,163] 105,714] +5.9] 207,975] 195,116
Household durable goods 9,636] 9.246] 9,450] +4.2)  -2.2) +03) 9,265] 7,755{ 8.860] 8,246} +124] 17,020] 15.470
Information technology industries 21,692] 21,020} 21,686] +32] -3.1] +0.9] 19,755] 16,697] 27,941) 19,301 42.4] 36,452] 34,774
Health care equipment
and products 10,984} 10,856} 10,677] +12] +1.7] +0.7] 10,741 10,327] 11,349} 9,603] +119] 21,068] 18,877
NEW ORDERS
All manufacturing industries 325,911] 323,210] 315,415} +08] +2.5] 1.5] 325,504] 299,579) 311,762] 301,842] +78] 625,083} 586,825
Market categories :
Automotive equipment . . . 13,973] 14,269] 13,375] -2.1] +67] -3.8} 15,369] 13,580] 11,531] 14,755] +4.2] 28,949) 27,125
Home goods and apparel 19,189] 18,273] 18,997] +5.0] -3.8]  -0.2} 19,258] 16,327] 16,163] 17,976{ +71] 35,585] 33,714
Consumer staples = 67,892] 68,529] 67,364] -0.9] +1.7| -1.2| 65,269] 64,052] 67,634] 60,925) +7.1] 129,321] 119,950
Machinery and equipment 60,352] 58,775] 56,069] +2.7| +4.8)  +0.5] 60,514] 51,515] 61,463] 56,812|  +6.5] 112,029} 108,107
Business supplies 25,305} 25,295} 25,2301 0.0] +0.2| -0.7| 24.798] 23,297] 24,496] 23.418] +5.9] 48,095] 45.272
Construction materials
and supplies 19,894] 20,010] 19,815} -0.6| +1.0) +1.6] 19,234] 17,762] 18,107] 17,734] +8.5] 36,996] 34,178
Delense products 6.322] 6.439| 8304] -1.8) -22.5] -10.2] 5,768] 5,416] 11,878] 5,143} +12.2] 11,184] 12,274
Other materials, supplies and
and intermediate products 112,984] 111,620] 106,252] +1.2} +5.1] — -2.7] 115,294] 107,630] 100,490] 105,079] +9.7] 222,924] 206,205,
Durable goods industries :
Nondefense capital goods * . 47,443] 45,819] 43,869] +3.5] +44] 0.0 46,028] 39,015] 51,605] 43,288] +6.3] 85,043] 83,562
Excluding aircraft and parts 40,479] 37,870] 36,739] +69] +31] -2.2) 39,282] 32,482] 42,393) 37,389] +5.1] 71,764) 69,227
Defense capital goods * ... . 6,039} 6,201] 8,055] -2.6] -23.0] -8.1] 5,488] 5,299] 11,647] 4,734) +15.9] 10,787} 11,739
Durables excluding capital goods . | 124,440] 123,350] 116.962] +09) +5.5] —-1.9} 128,858] 118,073] 107,464] 116,874] +10.3] 246,931] 225,289
Miscellaneous series :
Producers’ durable equipment 114,086] 111,522] 107,911] +2.3)  +3.3] +0.2] 116,561] 101,719} 108,669] 109,151 +6.8] 218,280) 206,959
Household durable goods 9,694] 8,885] 9,559] 49.1] -7.1) +5.8] 9,390} 8,154] 8,627] 8,353] +124] 17,544] 16,275
Information technology industries 23,384] 21,582] 20,537] +8.3) +5.1)  -3.3) 21,583} 17,063] 26,001] 19,743 49.3) 38,646] 35,745
Health care equipment
and products 10,993} 11,262] 10,415] -2.4]  +8.1]  -2.1] 10,804] 10,928) 10,868] 9,768} +10.6) 21,732} 19,156

Preliminary. * Revised

' Topical series are regroupings of the separate industry categories.
hipments 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.

* Detense 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 error and revision.


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

Inventory / Shipments ratio Unfilled Orders / Shipments ratio!
Industry Feb. Jan. Dec Nov. Feb. Jan. Dec. Nov
1997? 1997" 1996 1996 1997" 1997" 1996 1996
All manufacturing industries 137 138 139 138 2.94 2.98 2.95 2.94
Durable goods industries. 1.62 1.63 1.64 1.63 3.52 3.57 3.54 3.52
Stone, clay, and glass products . . . 11s 118 1:23 120 0.93 099 1.04 0.98
Primary metals. . : 133 154 159 139 1.95 197 2.00 201
Fabricated metal products. _ 1.46 148 149 147 143 144 144 142
Industrial machinery and equipment 181 1:80 177 184 2.42 2.40 234 2.42
Electronic and other
electrical equipment... : 1.46 152 148 1.46 187 1.87 1.76 185
‘Transportation equipment. . | 177 175 178 175 12.47 12.78 12.89 12.68
Instruments and related products 191 1.99 197 1.95 3.66 3.76 3.71 3.04
Nondurable goods industries... . 1.09 1.09 1.10 1.10 0.68 0.70 0.70 0.71
Food and Kindred products... . 0.85 0.84 0.86 0.84 (X) (X) (x) (X)
Tobacco products ....... : 2.06 1.96 2.08 218 (X) (X) (X) (X)
Textile mill products... |... 148 1st 152 135 (NA) (NA) (NA) (NA)
Paper and allied products : 123 123 124 125 (NA) (NA) (NA) (NA)
Chemicals and allied products.) . | 1.22 1.23 124 1.24 & &) & (X)
Petroleum and coal products... |. . 0:80 0.80 0.78 0.76 (X) (X) (&) (X)
Rubber and plastics products ° |: 130 131 133 131 (%) (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 mach
motor vehicle assembly operations; other transportation equipment; foods and related products; tobacco; knitting mill products; apparel and related products; chem
petroleum and coal products; and rubber and plastics products.

cry;
“als;

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

Shipments New orders Unfilled orders Inventories
Industry

Feb. Feb, Feb. Feb,
Feb? 1996- Feb? 1996- Feb? 1996. Feb? 1996-
Feb.’ 1992- Jan. Feb.' 1992- Jan. Feb.! 1992- Jan. Feb.! 1992- Jan
1997 1996 1997 1997 1996 1997 1997 1996 1997 1997 1996 1997
All manufacturing industries an (xX) O01 0.1 (xX) 01 0.1 (X) oO. 0.1 (X) 0.0 0.0
Durable goods industries. vee 02 01 02 0.0 02 02 0.1 OL OL (X) 0.0 OL
Stone, clay, and glass products... &) 05 05 (X) 12 0.6 (x) 10 06 (x) 02 02
Primary metals . . 03 03 0.4 01 09 09 0.1 04 04 (X) 01 Ol
Fabricated metal products : (x) 04 03 (oa) 08 05 & 03 03 (Xx) 04 Ol
Industrial machinery and equipment 00 02 04 43 04 03 4 01 01 (x) 0.0 02

Electronic and other : ;
electrical equipment... : -0.4 0. 03 0.3 04 07 0.0 02 03 (x) 00 02
Transportation equipment... .. 0.0 06 06 05 07 08 -02 Ol 01 (x) 0.0 or
Instruments and related products . (X) 03 0.5 (X) 2.0 1.0 (X) 04 03 (xX) 04 02
Nondurable goods industries aes) 01 on (%) ol 0.1 %) 0.1 0.2 fea) 0.1 o
Food and Kindred products : (x) 01 02 (x) (x) () (x) (x) ea) (x) O41 01
i. acco Pro ucts . beeen (X) 01 0.1 (X) (x! (X) (X) (X) (xX) (X) 0.0 0.0
Textile oul products _ &) 03 03 (x) | (NA) | (A) (x) | (NA) | (NA) () Ol 02
Paper and allied products (x) 03 Ol (X) | (NA) | (NA) (x) | (NA) | (NA) (X) Ol o1
Chemicals and allied product (x) 02 03 (X) (Xx (x) () (&) &) (x) Ol ou
eiroleum and coal products : 9) 02 03 (x) (x) (X) (x) () (X) (X) 02 04
Rubber and plastics products. : (xX) 02 03 (X) (X) () (x) (%) (Xx) (x) 02 02

Capital goods industries

Nondefense : 02 01 03 -0.2 03 04 -0.1 0.1 0.1 (x) 0.0 ol
lense : 0.0 0.6 07 27 5.0 45 03 03 03 (X) 0.2 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 sevisions are the difference between the advance percent change and the percent change as shown in this publication,
* Average for this month for the last five years
See note at end of table 2 relating to survey error and revision.


CURRENT INDUSTRIAL REPORTS

oe

*%
° stares of
U. S. Department of Commerce

Economics and Statistics Administration
BUREAU OF THE CENSUS

Manufacturers’ Shipments,
Inventories, and Orders

February 1997
-(97)-02
For Wire Transmissions 10:00 a.m. E.S.T. April 2, 1997

For Data - (301) 457-4673
For Questions - Kathy Menth or Gloria Cable
(301) 457-4804 or (301) 457-4832

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

Summary

New orders for manufactured goods in February increased $2.7
billion or 0.8 percent to $325.9 billion, the Department of Commerce,
Bureau of the Census reported today. This follows a2. percent January
increase and December and November decreases of 1.5 percent and 0.5
percent respectively. Excluding transportation, new orders increased 1.6
percent, following a 2.6 percent January increase. Year to date, new orders
are 6.4 percent above the same period a year ago

Shipments, up seven of the last eight months, increased $3.0 billion
or 0.9 percent to $321.5 billion, following a 1.0 percent January increase.
Year to date, shipments are 6.6 percent above the same period a year ago.

Unfilled orders, up for the sixth consecutive month, increased $4.5
billion or 0.9 percent’ to $523.6 billion, following a 0.9 percent January
increase. The unfilled orders-to-shipments ratio was 2.94, down from 2.98
ir January.

Inventories, up seven of the last eight months, increased $1.7 billion
or 0.4 percent to $441.8 billion, following a 0.5 percent January increase
The inventories-to-shipments ratio was 1.37, down from 1.38 in January

New Orders

New orders for manufactured durable goods in February increased $2.6
billion or 1.5 percent to $177.9 billion, unrevised from the previously
published 1.5 percent increase. This follows a 3.8 percent January increase.

Electronic and other electrical equipment had the largest increase, $2.0
billion or 7.1 percent to $30.4 billion, due to communication equipment and
electronic components. This follows a 17.8 percent January increase.
Instruments and related products, up for the fifth consecutive month,
increased $0.7 billion or 5.1 percent to $14.0 billion, following a 0.9 percent
January increase. Industrial machinery and equipment, up for the third
consecutive month, increased $0.6 billion or 1.9 percent to $33.1 billion
following a 0.9 percent January increase. Fabricated metal products, up
three of the last four months, increased $0.4 billion or 2.1 percent to $18.4
billion, following a 2.6 percent January increase. Transportation equipment,
down two of the last three months, decreased $1.7 billion or 4.1 percent to
$40.6 billion, with decreases in all component categories except railroad
equipment. This follows a 1.5 percent January increase. Primary metals,
down for the first month since October, decreased $0.1 billion or 0.4 percent
to $15.8 billion, following a 5.1 percent January increase.

New orders for nondurable goods, up five of the last six months,
increased $0.1 billion or 0.1 percent to $148.0 billion, following a 0.9
percent January increase. Paper and allied products and chemicals and allied
products had the largest increases.

Shipments

Shipments of durable goods in February, up three of the last four
months, increased $2.8 billion or 1.6 percent to'$173.1 billion, revised from
the previously published 1.4 percent increase. ‘This follows ‘a 0.9 percent
January increase.

Electronic and other electrical equipment had the largest increase, $1.1
billion or 4.2 percent to $28.1 billion. This follows a 2.9 percent January
decrease and is the first increase since November. Instruments and related

products, up for the first month since November, increased $0.5 billion or
42 percent to $13.2 billion. This follows a slight January decrease.
Fabricated metal products, up three of the last four months, increased $0.3
billion or 1.8 percent to $18.1 billion, following a 1.6 percent January
increase. Stone, clay, and glass products, up for the second consecutive
month, increased $0.2 billion or 2.5 percent to $7.4 billion, following a 5.3
percent January increase. Primary metals, up for the fifth consecutive
month, increased $0.2 billion or 1.0 percent to $15.7 billion, following a 2.6
percent January increase. Transportation equipment, up three of the last four
months, increased $0.1 billion or 0.2 percent to $40.0 billion, as increases
in railroad equipment and aircraft and parts more than offset a decrease in
motor vehicles and parts. This follows a 3.9 percent January increase.

Shipments of nondurable goods, up five of the last six months, increased
$0.2 billion or 0.1 percent to $148.4 billion, This follows a 1.1 percent
January increase. Chemicals and allied products had the largest increase,
$0.4 billion or 1.2 percent to $32.9 billion. This follows a 1.6 percent
January increase and is the third consecutive monthly increase.

Unfilled Orders

Unfilled orders for durable goods in February increased $4.8 billion or
1.0 percent to $498.8 billion, revised from the previously published 1.1
percent increase. This follows a 1.0 percent January increase and is the
ninth increase in the last ten months.

Electronic and other electrical equipment, up for the second consecutive
month, had the largest increase, $2.3 billion or 4.7 percent to $52.6 billion,
following a 3.0 percent January increase. Industrial machinery and
equipment, up for the second consecutive month, increased $1.0 billion or
1.4 percent to $73.4 billion, following a 0.5 percent January increase.
Instruments and related products, up for the fourth consecutive month,
increased $0.7 billion or 1.5 percent to $48.4 billion. Transportation
equipment, up nine of the last ten months, increased $0.6 billion or 0.2
percent to $255.7 billion, due to aircraft and parts. This follows a 1.0
percent January increase. Fabricated metal products, up for the thirteenth
consecutive month, increased $0.3 billion or 1.1 percent to $24.1 billion.
Stone, clay, and glass products, down for the first month since October,
decreased $0.3 billion or 4.0 percent to $6.5 billion.

Inventories

Inventories of durable goods in February, up seven of the last eight
months, increased $1.3 billion or 0.5 percent to $279.7 billion. This follows
a 0.7 percent January increase. Transportation equipment, up nine of the last
ten months, increased $0.8 billion or 1.1 percent to $70.7 billion. This
follows a 2.6 percent January increase, Industrial machinery and equipment,
up for the second consecutive month, increased $0.3 billion or 0.5 percent
to $58.1 billion. Fabricated metal products, for the fifth consecutive
month, increased $0.1 billion or 0.4 percent to $365 5 billion, following a 0.7
percent January increase.

Inventories of nondurable goods, up for the seventh consecutive month,
increased $0.5 billion or 0.3 percent to $162.1 billion, following a 0.1
percent January increase. Food and kindred products and chemicals and
allied products had the largest increases.

By stage of fabrication, February finished goods increased 0.9 percent
in durables and decreased 0.1 percent_in nondurables. Work in progress
increased 0.4 percent in durables and 0.7 percent in nondurables. Materials
and supplies increased slightly in durables and 0.5 percent in nondurables.

(Sce Back Page for Upcoming Revisions)
Our intemet address is http://www. census.gov/fip/pub/indicator/www/m3prel.html

‘The advance report on durable goods for March is scheduled for April 29, 1997 at 8:30 a.m. and the full report on May 6, 1997 at 10:00.a.m. For sale by the Superintendentof Documents,
U.S. Government Printing Office, Washington, DC 20402. This report is available on the day of issue through the Department of Commerce's online Economic Bulletin Board (N-8-1)


Nondefense Capital Goods M1
New Orders and Shipments
Three Month Moving Averages
Billions of Dollars

52R-------------- ee eee ee ee ee ee ee ee ee ee ee New Orders || 52

Shipments

Feb Apr Jun Aug Oct Dec Feb Apr Jun Aug Oct Dec Feb
Feb. 1995 - Feb. 1997

Defense Capital Goods
New Orders and Shipments

Three Month Moving Averages

Billions of Dollars
10 10

New Orders

Feb Apr Jun Aug Oct Dec Feb Apr Jun Aug Oct Dec Feb
Feb. 1995 - Feb. 1997

Note: All Charts based on seasonally
adjusted current dollars.

‘Yr U.S. GOVERNMENT PRINTING OFFICE: 1997: 417-366/40071


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
Feb. Jan. Dec, | Jan- | Dec- | Nov. Feb. Jan. Dec. Feb. | Feb
1997" | 1997" 1996 | Feb Jan. | Dec. 1997" | 1997" 1996 1996 | 97/96
MATERIALS AND SUPPLIES
All manufacturing industries 142,922 | 142,561 | 142253 | +03] +02 | -0.4 | 143,488 ] 143,513 | 142,322 | 146,892 23
Durable goods industries 82,314 | 82,274 | 82,107 oo | +02] -05 | 82,624 | 82,983 | 82,067 | 84,654 24
Stone, clay, and glass products redo | 21817 | 2801 | +10] +06] -09 | 2,855 "816 | 2,792 | 2.801 +19
Primary metals . 7907 | 7829 | 7799 | +10] +04} -0.1 | 7882 | 7.957 | 8.064 | 7.498 $5.1
Fabricated metal products 222... | 91838 | 91831 | 9,752 | +01] +08 00 | 9849] 9949 | 9924 | 9670] +19
Industrial machinery and equipment 16754 | 16631 | 16670 | 40.7] 02] -14 | 16878 | 16,608 | 16,303 | 18,374 “8
Electronic and other
electrical equipment 13,922 | 13,996 | 14,295 05] 21 -11 | 13,849 | 13,980 | 14,094 | 15,040 79
Transportation equipment... . 12744 | 12371 | 12526 | -10 | +28 | -03 | 12,856 | 12.983 | 12,432 | 12,773 +06
Instruments and related products |. | 7913 | 7893 | 7.845 | +03 | +06 | +26 | 7,875 921 7146 | 7516 +48
Lumber, furniture and
miscellaneous durable goods 10,390 | 10.406 | 10419] 02] 0.1 <i | 10,580 ] 10,769 | 10,712 | 10,982 “37
Nondurable goods industries . 60,608 | 60,287 | 60,146 | +05] +02 | -0.3 | 60,864 | 60,530 | 60,255 | 62,238 22
Food and kindred products 11606 | 11486 | insor] +10] -01 206 } 11-766 | 11,774 | 11,726 | 11,854 -07
Tobacco products 3831 | 4,835 77 or} 4121 #10} sige} ses | 5133 | 4.978 +34
Textile mill products Sis | 3117 | sooo | +12] +16] +07 | 3217) 3,124 | 3.028 | 3,066 +49
Paper and allied products 7791 7780 | 7.762 | +01 | +02 | +02] 7808 | 7,743 | 7,797 ) 8,501 “82
Chemicals and allied products 13271 | 13148 | 13080 | +09} +05 0.0 | 13,226 | 13,078 | 13,036 | 12,803 433
Petroleum and coal products 4,463 3502 | 4.345 709 | +36] +06] 4310 | 4348 | 4178 | 4,051 +64
Rubber and plastics products. . 51923 | 5,984 | 5.923, 0} +10] +05} 5.958} 6017 | 5,951 5.926 405
Apparel, printing and publishing
and leather goods . a | 9569 | 9.435 | 9687 J +14 | 26 | 24 | 9.433 | 9.278 | 9.406 J 11059 | +147
WORK IN PROCESS
All manufacturing industries 148,294 | 147,582 } 146,669} +05 | +0.6 | -0.4 | 148,863 } 146,387 ] 141,985 | 142,508 +4.5
Durable goods industries 121,838 | 121,301 | 120476 | +04] 40.7 | -0.5 | 122,554 | 120,148 | 116,501 | 116,796 | +49
Stone, clay, and glass products 1251 1265 | "1.261 “lt { +03} 04) 1301 1.233 13166 301 0.0
Primary metals goog | 8971 | 9116} +03] -16 | +15] 8961 | 8884] 9,033 | 8,955 40.1
Fabricated metal products 7317 | 7241 | 7148 | +o] +13] 03 | 7288 | 7,175 | 6,995 | 7,462 23
Industrial machinery and equipment | 23,612 | 23,740 | 23,941 05 | -08 | -04 | 23;835 | 23.469 | 22,673 | 24.257 “17
Electronic and other
electrical equipment 15,145 |} 15,120 | 15327 | +02] -14] -21 | 15,233 | 14,966 | 14,805 | 14,735 434
Transportation equipment . . . 49732 | 49080 | 47937 | 413 | +24] -06 | S071 | 48877 | 46,707 | 44,760 | +121
Instruments and related products - 11278 | 11381 | 11273 | -09 | +10 | +01 | 11246 } 11,079 | 10,793 | 10,658 +55
Lumber, furniture and
iscellaneous durable goods 4505 | 4494 | 4473} 402] +05] +02] 4519 | 4465 | 4.329 | 4.668 32
Nondurable goods industries . 26,456 | 26281 | 26193 | +07] +03} -02 | 26309 | 26.239 | 25.484 | 25,712 423
Food and kindred products 4501 | 43573 | 4'540 | +04] 407 | -30) 4567 | 4.784 | 4,788 | 4.438 429
Tobacco products 282 248 ‘aig | +137 | 40.7 | +251 215 274 446 243] +132
‘Textile mill products 2,663 | 2,653 | 2694 | +04] -15 0.0 | 2,666 | 2,639 | 2,572 | 2,824 36
Paper and allied products 1792 | 1779 | 1795 | +02] -09 | +12) 1,772 | 1,787 | 1,773 1778 “03
Chemicals and allied products 6950 | 6829 | 6774] +18} +08] 429] 6975 | 6.772 | 6636 | 6,763 43.1
Petroleum and coal products 2,676 | 2,728 | 2,628 19} 438] +17] 2611 | 268t | 2459 | 2317 | +127
Rubber and plastics products 2098 | 2,051 ¥ 423] +04] 12 | 2156 | 21089 | 2027 | 2,095 +29
Apparel, printing and publishing
and leather goods sala | 5420} 5302] -o1 | +22] al | 5,287} 5,193 } 4,783 ) 5,254 +06
FINISHED GOODS
All manufacturing industries 150,543 | 149,876 | 149,000 | +04 | +06 | -0.2 | 152,829 | 148,692 } 143,886 | 148,837 427
Durable goods industries 75522 | 74815 | 73,856} +09] +13 | -0.7 | 77,122 | 74,193 | 70,738 | 74,124 +40)
Stone, clay, and glass products 4430 | 4429 | 4370 | +02] +14] +16 | 4572 | 4436 | 4243 | 4,505 +15
Primary metals"... TMI 7152 | 7245] -06] -13 |] +05 | 7259] 7161 7,099 | 7/246 “0.2
Fabricated metal products : 9315 | 9299 | 9296 | +0.2 00 | +07} 9530 | 9159 | 8.789 | 9349 +19
Industrial machinery and equipment 17757 | 17472 | 17024 | +16] +26 | 4.0 | 18368 | 17.675 | 16.581 | 17.670 440
Electronic and other
electrical equipment ........ . tig2a | 11782] ans3r | 412] 422 | +03 | 11921 | Isso | 10,827 | 11189 +65
Transportation equipment : g21s | 7975 | 7712} +30] +4] +t 518 | 7.773 | 7,088 | 7:98! 46.7
Instruments and related products 6.031 5982 | 53918 | 408} +11 <7 | 5965 | 5.728 | 5,737 | 5,961 +0.1
Lumber, furniture and
miscellaneous durable goods 10,730 | 10.724 | 10,760 | +01 | -03 | +01 } 10,989 | 10,705 | 10,374 } 10,223 475
Nondurable goods industries 75021 | 75,061 | 75,144) -01} -01 | +03 | 75,707 | 74,499 | 73,148 | 74,713 +13
Food and kindred products 17,182 | 17,036 | 17244 | +409] -12 0.0 | 17229 | 16917 | 17,063 | 16,984 +14
‘Tobacco products 863 944 839 | -86] +125 | -166 1033 | 1,092 885 836 | +236
fextile mill products 4237 | 4331 | 4306) 22] +06] -09) 4313) 4308 | 4020 | 4,500 “4.2
Paper and allied products 6.783 | 6.830 | 6.921 07) +43 | -14] 6907 | 6.845 | 6,703 | 7.494 78
Chemicals and allied products 19909 | 19892 ] 19965 | +01 | -04 | +09 | 20341 | 19,905 | 19.857 | 19,577 439
Petroleum and coal products 5,876 7904. | 51937 | -20| +10] 42.7] “S781 ] 5849] sola | 5.376 +75
Rubber and plastics products 7eis | 7,761 | 7.699 | +07} +08} +11 Bila | 7/828 | 71550 | 7.336 +74
Apparel, printing and publishing
and leather goods . 12353 | 12273 | 12233 | +07 | +03 | +12 | 11.989} 11.755 | 11.456 | 12,390 32

" Preliminary. ‘ Revised.

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


Table 3. VALUE OF MANUFACTURERS’ UNFILLED ORDERS FOR INDUSTRY GROUPS
(TMi

ions of dollars)

Seasonally adjusted

Not seasonally adjusted

Industry Monthly Percent Change Monthly Percent
change
Feb. Jan. Dec.} Jan-| Dec] Nov- Feb. Jan. Dec. Feb.| Feb.
1997° 197" 1996] Feb. Jan.} Dec. 1997" 1997" 1996 1996] 97/96
All manufacturing industries 523,564] 519,110] 514,398 40.9 40.9 0.0] 526,272] 519,996] 508,763} 491,991 +7.0
Manufacturing industries
without defense capital goods 413,529] 408,672] 404,100] +12] #11 +04] 416,510] 409,309] 398,425] 387.887] +74
Durable goods industries 498,813] 493,971] 488,914] +10] +10 0.0} 501,966] 495,555] 484,415] 468.475] +71
Stone, clay, and glass products 6,500] 6,771 6,763 -4.0 43.8 6,660] 6,672 6,504 7,191 14
Primary metals... .... se 30,717] 30,600] 30,265] +04 02} 31,866] 30,978] 29.215] 30,622} +41
Blast furnaces, steel mills 12,291} 12,367} 12,434 -0.6 05} 12.930] 12,588] 11,751] 13,029 -08
Iron and steel foundries 4,527 4,492 4,430 40.8 43.5 4,690 4,501 4,322 4107) +14.2
Nonferrous and other primary
metals sees 13,899] 13,741] 13,401] #1] 42.5 10] 14,246] 13,889] 13,142] 13,486] +5.6
Fabricated metal products . 24,147 23,874 23,664 +11 +0.9 40.1 24,213 23,761 23,383 21,692] +116
Industrial machinery and equipment 73,401] 72,421] 72,037] +14] = +05 +051 74,503] 73,357) 71,971] 73489] +14
Engines and turbines ....... 11,679} 11,278] 11,307] +36 03} +01} 11,806] 11,663] 11,813] 11320] +43
Construction, mining and
material handling equipment 9,268 9,295 9,168 03] +14] +14 9,583 9,509 8,954 9497] +09
Metalworking machinery 8,928 8,703 8513] +26] +22 42 8,928] 8,703 8,513 8867] +0.7
Computer and office equipment . . . 10,384} 10,364] 10,374 +0.2 0.1} 43.1] 10,062} 9.929] 10,123 9549) +54
Electronic and other
electrical equipment 52,631] 50,283] 48.811] 44.7] 43.0 69} 53,512} $0,781] 47,201] $0613] +5.7
Electrical transmission and
distribution equipment and
industrial apparatus 6,573 6,491 6445] +13) +07) +04 6,713 6,528 6,284 6,206] +82
Electric lighting and
wiring equipment 4,610 4,579 4,469 +07 42.5 43.2 4,610 4,579 4,469 4,093] +12.6
Communications equipment 14,609] 13,570] 13,329] 47.7) +18] -13.5] 14,598] 13,525] 13,320] 15,218 “4.1
Electronic components. 22474] 21,291] 20304] +56] +44 8.1] 22,968] 21,557] 19,260] 20,723] +10.8
Transportation equipment 255,685 | 255,084] 252.659} +02] +10] +13] 255,284] 255,230] 252,066] 228,840} +116
Aircraft, missiles,
space vehicles, and parts. . 225,062 | 223,825] 221,440] +06 +0.9] 224,439] 223,881] 221,112] 197,899] +134
Shipbuilding and tanks : 17,455] 17,994] 18,069 3.0 +71] 17398] 17,917) 17,914] 17,670 “18
Instruments and related products... | 48,360] 47,627] 47,042] +15 +10] 48971] 48,004] 47,374] 48918] +01
Search and navigation equipment 28,812] 28,136] 28,215] +24 +04] 29,173] 28374] 28,592] 29,988 27
Measuring and controlling devices 10,384 10,380 10,128 0.0 45.2 10,384 10,380 10,128 10,358 403
Medical instruments and Supplies 8,026 8,018 7612) +0.1 33 8,275 8.213 7611 7,780) +64
All other durable goods 7372 73M 7673| +08 417 6,957 6.772 6,701 7110 -22
Nondurable goods industries 24,751] 25,139] 25,484 “15 -14 -0.1) 24,306) 24,441] 24,348] -23,s16] 43.4

* Preliminary. * Revised.

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


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

Seasonally adjusted Not seasonally adjusted!
Monthly Percent Change Monthly Percent Year to date
Industry change
Feb. Jan. | Dec. | Jan-| Dec-| Nov.-| Feb. Jan.] Dec. ] Feb. } Feb.
19977) 1997'| 1996] Feb.} Jan.| Dec. 1997°} 1997] 1996] 1996] 97/96] 1997" | — 1996
All manufacturing industries .... . | 325,911} 323,210] 315,415] +0.8] +2.5| 1.5] 325,504} 299,579] 311,762] 301,842|  +7.8] 625,083] 586,825
Manufacturing industries
with unfilled orders... . +++} 182,438] 179,111] 174,575] +19] +2.6 — -1.6] 182,260] 165,871] 179,809] 168,176]  +8.4] 348,131] 330,585
without defense capital goods . 319,872] 317,009] 307,360] +0.9} +3.1] 1.3] 320,016} 294,280] 300,115] 297,108] +7.7) 614.296] 375.086
Durable goods industries... . . 177,922] 175,370} 168,886] +1.5]  +3.8} — -1.7] 180,374] 162,387] 170,716] 164,896} +94] 342,761] 320,590
With unfilled orders... . +++] 146,472] 143,296] 138,348] +22) +3.6) — -1.5] 146,741] 132,660] 144,316] 133,011] +103] 279,401] 261,890
Stone, clay, and glass products... . 7,120] 7,222] 7,095] -1.4) +18) +09) 6,788] 6,371] 6,205] 6300} +7.7) 13,159] 12,176
Primary metals Peo 15,830] 15,892) 15,114] -0.4] +5.1] +4.47 17,011] 16,580] 14,729] 16,043] +6.0] 33.591] 31.559
Blast furnaces, steel mills. 6321} 6,339] 6,213 -0.3) 42.0) +61) 6,957] 7,065] 5.815] 6,734] +33] 14,022] 13,597
Iron and steel foundries... . : 1,478) 1,496} 1,527] 1.2] -2.0) 43 1,667] 1,532] 1,336] 1,642) +15 3199] 3114
Nonferrous and other primary
__ metals : : 8,031) 8,057] 7,374) -0.3) +93) +33) 8,387] 7,983] 7,578] 7,667] +9.) 16,370] 14,848
Fabricated metal products... .. 18,390} 18,013] 17,554] +2.1] +26] -3.0| 18,630] 16,762] 16,417] 16,996 +96) 35,392] 32,644

Industrial machinery and equipment 33,131] 32,500] 32,212] +19] +0.9f 42.1] 32,885] 28,544] 34.500} 32.373) +16] 61.429] 59.953
Engines and turbines... . 2,039] 1,678] 1.715] +215] -22) -6.8) 1,774) ani] 2389] 1,625] +9.2] 2,985] 3,008
Construction, mining and

material handling equipment ....] 3,714] 3,804] 3,827] -2.4] -0.6 +4.0) 4,069] 3,864] 3,753] 4,192] -2.9] 7,933

Metalworking machinery... . 3.465] 3,463] 2,946] +0.1] +173) -3.4| 3,400] 2,781] 3,124] 3.293] 43.2] 6.181

Computer and office equipment . 8,943] 9,022] 9,475] -09] -4.8] +104] 7,851] 6,627] 11.908] 8,064] 26] 14.478
Electronic and other

ectrical equipmem ....... 30,437] 28,419] 24,134) +7.1] +178] -13.8) 30,058] 26,762] 25,636} 24,706) +21.7] 56,820
Electrical transmission and
distribution equipment and

industrial apparatus... 2... 3,241) 3,217] 3,072) +0.7] +4.7} -11.9] 3,430) 3,024) 2,849] 3,203] +7.1] 6454] 5.871
Electric lighting and

wining equipment : 2,130) 2,182) 2,213) -2.4 -14) 49.4) 2,224 1,958) 2,290) 2,105) 45.7 4,182 3,986
Communications equipment oo 7,316) 6,100) 4,323) +19.9] +411] -34.5] 6,735} 4,643 7,133} 5,403} +24.7 11,378 10,199
Electronic components 12,265) 11,320) 9,121] +83] +24.) -14.0] 12,427) 11,866 8,347] 9,017] +37.8 24,293 19.641

Transportation equipment . 40,553] 42,278) 41,667) -4.1]  +1.5]  -0.6] 42,867) 39,370] 42,518] 39,720} +79 82.237) 80.069
Aircraft, missiles,

space vehicles, and parts. 10,596} 11,530] 11,161 4.0) 9,634) 9,816) 15,524] 8,010) +20.3) 19,450] 20,160
Shipbuilding and tanks 253) 660] 2,102] +641 297 557| 2,261 579] -48.7 854 2,242
Instruments and related products 13,951] 13,268] 13,144] +15] 14,036 11,933) 14,699] 12,789} +9.8] 25,969] 23,828
Search and navigation equipment .] 3,352] 2,495] 2,678} -1.7| 3,529) 2,033] 3,698] 2,889] +222] 5,562] 4,958
Measuring and controlling devices .| 3,973] 3,901| 4.299) +125 3,929] 3,570] 4,608] 3,765) +441 7,499] 7336
Medical instruments and supplies .] 4,203] 4,508] 3,852 -6.8 4.2401 4,294] 4,017] 4,001] +6.0] 8534] 7,548
All other durable goods ....... 18,510] 17,778] 17,966} +0.8} 18,099] 16,065] 16,012] 15,969] +13.3] 34,164] 30,786
Nondurable goods industries ...... . | 147,989} 147,840] 146,529] +0.1]  +0.9] — -1.2] 145,130] 137,192] 141,046] 136,946] — +6.0] 282,322] 266,235
With unfilled orders ...........} 35,966] 35,815] 36,227] 40.4) -1.1] -2.1] 35,519] 33.211] 35,493} 35,165] +1.0] 68,730] 68,695

* Preliminary. ‘ Revised.

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

(a) 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 Irom the prior month to the current month.

Note ; Estimates of manufacturers’ shipments, inventories and orders are subject to survey error and revision. One major component of survey error is nonsampling error,
which includes errors of coverage, response, and nonreporting. Since the survey panel is not a probability sample, estimates of sampling error cannot be calculated, Further
details on survey design, methodology, and data limitations are contained in our most recent annual benchmark publication, Current Industrial Reports: M3-1(95),
“Manufacturers” Shipments, Inventories, and Orders: 1982-1995."


Nv

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
Feb.} Jan} Dec.] Jan~| Dec.-| Nov-] Feb.{ Jan. Dec. | Feb. | Feb.
1997" | 1997'| 1996] Feb. | Jan.] Dec.} 1997] 1997") 1996] 1996] 97/96} 1997" | 1996
All manufacturing, industries 321,457] 318,498] 315,278] +09] +10} — -0.7] 319,228] 288,346] 311,489] 299.246] +6,7) 607,574] 569.309
Manulacturing Industries
th unfilled orders. . . 177,984] 174,399] 174,438] +2.1] 0.0] -0.2| 175,984] 154,638] 179,536] 165,580] +63] 330,622
without defense capital goods . . . | 315,015] 312,437] 309,146] +0.8] +1.1] 0.7] 312,815] 283,396] 304.069] 293,475] +6.6] 596.211
Durable goods industries... . 173,080] 170,313] 168,719] +16) +09 173,963] 151,247] 170,432) 162,314] +7.2) 325,210
With unfilled orders 141,630] 138,239] 138,181] +25] 0. 140,330] 121:520} 144,032] 130,429] +7.6) 261.850
6,800] 6,203] 5,907] 5.990} +135] 13,003

Stone, clay, and glass products... 7391] 7.214 6,849] 42.5] +5.3
Primary metals ....{ 15,713[ 15,557) 15,160) +10] 42.6]
Blast furnaces, steel mills 6397) 6.406] 6,277] -0.1) 42.1

16,123} 14,817) 14,004) 15,111 +67 30,940
6,615) 6,228] 5,725) 6,320) 44.7 12,843

Iron and steel foundries »...{ 1443) 1,434] 1,378) 40.6) +41 1,478) 1,353] 1,122) 4,345] 49.9] 2,831
Nonferrous and other primary
metals : ...|7,873| 7,717] 7,505] +2.0f 42.81 -0.8) 8,030] 7,236) 7,157] 7,446] +7.8] 15,266
Fabricated metal products... .....{ 18,117] 17;803] 17,531] +18] +16] -1.4] 18,178] 16,384] 16,170] 16,802) +82) 34,562
Indust machinery and equipment 32,151] 32,116] 32559] +0.1] -1.4| +2.2} 31,739] 27,158] 35,720] 31,279] #15} 58,897
Engines and turbines : 1638| 1707|1:709] -4.0] -0.1) +0.8) 163i! 1361) 2.458) 1.758) -7.2) 2,992
Farm and garden machinery 1'836] 884] 788] 2.5] +54] -7.1) 2,214] 1,699] 1,358] 2.234) -0.9] 3,913

Construction, mining and
material handling equipment
Metalworking machinery

3,741 3,677) 3,700) +1.7 0.6 +0.5} 3,995} 3,309) 3,659] 3,639) 49.8 7,304
3,240) 3,273 3,316} -1.0} -13] 0.7) 3,175] 2,591 3,494 3,075] +33 5,766

Computer and office equipment | : 8,923) 9,032) 9,164) -1.2 -14} $5.8) 7,718} 6,821] 12,376] 8,073! 44 14,539] 13,843
Electronic and other
ctrical equipment . .-] 28,089] 26,947] 27,757) +4.2 2.9)  -2.3) 27,327] 23,182] 30,820] 25,426) +75 50,509] 47,947

Electrical transmission and
distribution equipment and

industrial apparatus ...........] 3,159} 3,171] 3,049] -0.4] +4.0) -9.7| 3,245] 2,780] 2,968] 3,061] +6.0] 6,025) 5,726
asehold appliances... . ‘| 2oo1f 2019} 2,060} +3.6{ -2.01 +02! 1991! 1661! 1,946] 1,847) +7.8] 3,652} 3.528
Electric lighting and
wiring equipment 2,099] 2,072] 2,076 +13] -02] -0.5] 2,193] 1,848] 2,153] 2,056] +6.7 3,823
Household audio and
video equipment .. . .. --| 1333] 1,305] 1,321) 42.4) 1.2} 4.3] 1,213} 1,038] 1,260) 1,064) +14.0 1.978
Communications equipment 6277) 3,859] 6.412] +71] -8.6 3.3] 5,662] 4,438] 9,206] 5,167] +9.6 9.485
Electronic components .........| 11082) 10,423) 10,913] +63] -4.5] -1.2] 11,016] 9,569) 11,344] 10,210) +7.9 19.709
Transportation equipment : 39,952| 39,853] 38.340] +02) +391 -1.9] 42.813] 36,206] 37,691] 39,741] 47.7 72.390
Motor vehicles and parts... . 27700] 28.234] 26.118] -1.9]  +8.1) —-3.8] 30,849] 27.069} 22,578] 29,276] +54 53.850
Aircrafi, missiles,
space vehicles, and parts. .....] 9359) 9,145} 9,273] 42.3) -1.4) +1.3] 9,076] 7,047} 12,143) 7,562) +20.0
Shipbuilding and tanks... . 792) '735| 902] +781 -18.s| +149] gio] 55a) 157] BSP =
Instruments and related products ....| 13,218] 12,683] 12,685] +42 0.0] -0.9] 13,069} 11,303] 13,650] 12,185] +73
Search and navigation equipment 2676] 2'574] 2,557] +40] 40.7] -1.a] 2,730) 2.251] 2,782] 2,558] $6.7
Measuring and controlling devices 3,969] 3,649] 3,802] +88] 4.01 -L.6] 3,925] 3,318] 4111] 3,758] +44
Medical instruments and supplies .} 4,195] 4,102) 4,114] +23} -0.3] +03) 4.178] 3,692] 4.497] 3.837] +8.9
Photographic goods : .., 1933) 1902} 788} +6] +64) -2.1) 1817] 1,621] 1,859] 711] #6.2
All other durable goods v2. ] igiago] igtaof 17,838) 41.7] +17] -1.3] 17,914) 15/994] 16,470] 15,780] +13.
Nondurable goods industries 148,377} 148,185] 146,559] +0.1]  +1.1] — -0.6] 145,265) 137,099] 141,057] 136,932] +6.1| 282,364] 265,479
With unfilled orders... . ».| 36354] 36160] 36,257] +05] -0.3) +0.5| 35,654] 33,118] 35,504] 35,151] +14) 68,772] 67.939
Food and Kindred products ........] 39-310] 39,472] 38695] -04 +20] -25} 38,188] 36,423) 38,519) 36,846] +3.) 74.611] 72,178
Meat products 9.045] 8,942) 8,945) +12] 0.0] -3.0} 8,774 8,264] 8,901] 8,594] 42.1] 17,038] 16.810
Dairy products . . ‘| a'g02] sio1s] 4987] -2:5| +0. -1.3) 4.740] 4.837] 4,854] 4,540] +43] 9,577] 9.087
Beverages sn} 5,702] 5,722] +12] -0.3) 3.2] 5,177] 4,760] 5,350] 4,938) +4.8] 9.937) 9,689
All other foods, except fats and oils | 17,490] 17.771] 16.850] -1.6]  +5.5]  -2.7| 17,385] 16,523) 17,223] 16,836] +33] 33,908
Tobacco products. . -| 2/897] 3,070] 2,895] -5.6f +6.0] +39) 2,761] 2,956] 2.907) 2.623] +53] 3717)
Vextile mill products ....- 2... ...4 6,790 6,696] 6,636] +1.4) +09] 42.0) 6,621] 5,709} 6,071] 6,159} +75] 12,330] 11,433

Broadwoven fabrics and
other textiles :
Paper and allied prod
Pulp, paper, and
paperboard mill products ......] 5,287] 5,225] 5,228 +12] -0.1] +0.7] 5,276 4,971] 5,144] 5,595
Paperboard containers and boxes . 3418] 3,471] 3,477] -1.5] 0.2] +1.) 3,432] 3323] 3,186] 3,694)
Miscellaneous converted
paper products .

4,090} 4,050] 4,030) +1.0)  +0.5) +19) 4,057] 3,547] 3,832] 3,815) +63 7,604 788
13,295] 13,313] 13,272) -O.1]  +0.3)  +0.3) 13,321) 12,737] 12,783) 13,860 39 26,058} 27.077

10,247 11,157
6,755| 7,034

Lon

4,590] 4,617] 4,567} -0.6f +11 0. 4,613 4,443) 4,453) 4,571 +0.9 9,056 8,886

Chemicals and allied products... . 32,905] 32,510] 32,005] +12] +1.6) +0.6 32,662) 31,067] 30,825) 29,542) +10.6 63,729] 58,155
industrial chemicals... . . 16,120] 15,884] 15,812] +15] +0.5]| +14] 16,330) 15,124) 14,841] 15,125 +8.0 31,454] 29,481
Drugs, soaps, and toiletries . 12,488) 12,423] 12,075] +0.5]  +2.9)  +1.0] 12,051] 12,218} 12,648] 10,575) +14.0 24,269} 21,327

Petroleum and coal products . . . 16,295] 16,574} 16,611 -17] 0.2} -0.3) 15,142] 15,263} 16,103} 12,925) +17.2 30,405} 25.236

Rubber and plastics products. 12,185] 12,097) 11,774] 40.7) 42.7] 1.1] 12,273) 11,243] 10,466] 11,749] +45 23,516} 22313

All other nondurable goods . 24,700] 24,453] 24,671) +1.0) -0.9 0.7] 24,297] 21,701) 23,383) 23,228) +4.6 45.998] 44.010

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