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

Seasonally adjusted Not seasonally adjusted
Industry Monthly Percent Change Monthly Percent
change
Dec. Nov. Oct.| Nov-]  Oct-| Sept- Dec. Nov. Oct. Dec.} Dec.
1995" 1995 1995'| Dec.} Nov.} Oct] 1995" 1995 1995" 1994] 95/94
All manufacturing industries . . 417,840] 417,586] 417,435] +0.1 00] +03] 407,965] 416,838] 418,269] 384,058] +62
Manufacturing industries
with unfilled orders ..... on 281,137] 281,141] 280,897 0.0 +0.1 +05] 272,664] 280,250] 281,273] 253,369 +76
without defense capital goods. 397,374] 396,707] 396,137] +02] +0.1| + +0.4] 388,462] 395,891] 396,584] 362307] +72
Durable goods industries. +++ | 263,331] 263,517] 263,305] -0.1] = +0.1] + 40.6] 256,481] 263,591 | 263,740] 241,784] +6.1
With unfilled orders. . seees | 241,518] 241,526] 241,405 0.0 +0.1 40.5} 234,658} 241,423] 242,150] 220,503 +6.4
Stone, clay, and glass products... .. 8.241 8326} 8416] 10] 1. Bel 8,037} 8,033] 8,144] 7541] +66
Primary metals . . . tenes 21,728] 21,823] 21,825] -0.4 0.0] -03) 21,641) 21,704] 21,783] 20,749] +43
Blast furnaces, steel mills 10,459} 10,401] 10,426} +0.6 2] -08] 10,626} 10,458] 10,469] 9,987] 46.4
Iron and steel foundries ........ 1,650} 1,632] 1,646] +11 9} +13 1,627] 1,590] 1,616] 1,581} +29
Nonferrous and other primary
metals . settee 9619] 9,790) 9,753) -.7] 40.4] 0.1] 9,388] 99,656] 9,698] gsi] 423,
Fabricated metal products |) 24,734) 24.980} 25,111 10] 0.5} = -0.3] 24,122] 24,480] 24,677] 23,714] $1.7
Industrial machinery and equipment 54,247] 54,124) $3,335] 40.2} +15] +05] 52,600] 54,786] 53,732] 48,269] +9.0
Engines and turbines. sees 3,788] 3,734] 3,738} +14] 0.1 09] 3,488] 3,874] 3,896] 3,503] -0.4
Farm and garden machinery |... 2,693 2,713 2,585 0.7 +5.0 +17 2,890 2,824 2,481 2,995 35
Construction, mining and
material handling equipment ... . 6,493 6,520 6,532 04 0.2 40.3 6,324 6,463 6,473 6,053 +45
Metalworking machinery ....... 6424) 6,381] 6347] 40.7] +05 0.0} 6141 6364] 6400] 5.479] +121
Computer and office equipment . . 12,493] 12,492] 12126 0.0] +30) +434] 11,893] 12999] 12,529] 104t1] +142
Electronic and other
electrical equipment... .. : 47,400] 46,838] 47,051 +12 0.5 +17} 45,650} 46,360] 47,176] 39,007] +17.0
Electrical transmission and
distribution equipment and
industrial apparatus ... . . . 4,897 4,902 4,933 0.1 0.6 +16 4,719 4,910 4,928 4,552 43.7
Household appliances . . teeee 2,740 2,718 2,731 +0.8 0.5 06 2,496 2,573 2,599 2,552 22
Electric lighting and
wiring equipment ........... 3,293 3,319 3,326 08 0.2 413 3,109 3,290 3,332 2,937 +59
Household audio and
video equipment ............. 1,691 1,667} 1,677] +14] 06] +18 1,568 1,568 1,686} 1,212] 429.4
Communications equipment... 15,670] 15,510] 15,853] +10] --2.2] 42.6] 15,001} 15,245] 15,813} 12/072] +243
Electronic components ....... . 15,282] 14,897] 14,749] +26} = +1.0]  +1.6] 15,083] 15,037] 15,038] 12,283] 4228
Transportation equipment . . ++ | 58,279] $8,952] 59,386) -1.1 0.7) +03] 56,711] 59,827] 60,050] 57,197 8
Motor vehicles and parts ...... . 11,881 11,961 12,005 0.7 0.4 40.41 11,743] 12,200] 12,137] 11,974
Aircraft, missiles,
space vehicles, and parts. ...... 41,719] 42,098] 42,381 09 0.7 0.0) 40,373{ 42,739] 43,020] 40,913 13
Shipbuilding and tanks ...... oe 1,697 1,710 1,678 08 H19 “17 1,624 1,695 1,622 1451] +119
Instruments and related products 22,940} 22,782] 22,619} +0.7] +07] 40.9) 22,325] 22972] 22,767] 21,267] +5.
Search and navigation equipment. 5,691 $5,603 5,440 +16 43.0 +08 $5,571 5,615 5,456 5,434 42.5
Measuring and controlling devices . 7,437 7,429 7,362 +0.1 40.9 40.9 7,251 1,479 7,363 6,560} +10.5
Medical instruments and | supplies 6,378 6,315 6,355 +1.0 0.6 +18 6,295, 6,413 6,435 6,058 43.9
Photographic goods . o 2,557 2,564 2,593 03 “Ll 0.6 2,340 2,587 2,651 2,321 +0.8

Alll other durable goods . 25,762 25,692 25,562 +03 40.5 +15 25,395 25,429 25,411 24,040 4+5.6

Nondurable goods industries . . . 154,509] 154,069] 154,130 +03 0.0 0.2} 151,484] 153,247] 154,529] 142,274 46.5
With unfilled orders ........... 39,619] 39,615] 39,492 0.0 403 +0.5} 38,006] 38,827] 39,123] 32,866} = +15.6
Food and kindred Products . 31,635] 31,541 31,553 +03 0.0 40.4] 31,866} 32,964] 33,353} 31,171 42.2
Meat products . . . 3,987 3,893 3,847 424 +12 40.6 3,768 3,876 3,864 3,202] +17.7
Dairy products 2,791 2,686] 2,671] +39] +06] 943.3] = 2,643] 2604] 2,661] 2.613] +h.
Beverages .. . $377} 5,403} 5,413) 05] 0.2] 401 5,323] 5,474] 5,512] 5,134] -+3.7
All other foods, except fi fats and oils 17,546 17,644 17,745 0.6 0.6 0.0 18,072 18,964 19,364 18,517 24
Tobacco products. . . 3.551 5,526} 5,564] 40.5] 0.7] 9-19] 5,834] 51535] 5648 = 5,966] 22
Textile mill products . 10,492 10,501 10,452 0.1 405 +08 9,949 10,196 10,165 9,345 +65

Broadwoven fabrics and
other textiles oo... 5,816] 5,827] 5,826] -0.2 00{ 03) 5,566] 5,740} 5,714] 5,265] 45.7
Paper and allied products... : 16,822 16,672 16,628 +0.9 403 413 16,519 16,373 16,329 13,432] +23.0
Pulp, paper, and
Paperboard mill products ...... 7,070 6,954 6,790 41.7 42.4 42.4 6,957 6,854 6,679 5,290]  +31.5
Paperboard containers and boxes . . 4,445 4,524 4,553 “17 0.6 0.6 4,409 4,401 4,430 3,525} +25.1
Miscellaneous converted
paper products .........

5,307 5,194 5,285, 17 +16 5,153 5,118 5,220 4,617| +116

Chemicals and allied products 35,904] 35,721 35,944 0.6 Ld 35,592} 35,386] 35,578] 34,162 +42
Industrial chemicals 17,986 18,009 18,091 0.5 “14 18,022 17,776 17,878 16,753 +76
Drugs, soaps, and toiletries 13,206] 12,993] 13,187 15] -08] 12,823] 12969] 13,176] 12838] -0.1

Petroleum and coal products . 11,145 10,661 10,520 413 23 10,569 10,698 10,713 10,058 +5.1

Rubber and plastics products vee 13,897 14,075 14,148 0.5 03 13,696 13,820 13,832 13,051 +49

Alll other nondurable goods ..... . 29,063} 29,372] 29,321 Ld +0.2 40.1] 27,459} 28,275] 28,911] 25,089 49.4

° Preliminary. * Revised.
See note at end of table 2 relating to survey variability.


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

340 340
New Orders
320 + 320
300 300
280 280
260 260
240 1 1 L 1 1 1 L L L it i L L 240
Dec Feb Apr Jun Aug Oct Dec Feb Apr Jun Aug Oct Dec
Dec. 1993 - Dec. 1995
Total Manufacturing
Ratio of Unfilled Orders and
Inventories to Shipments

I/S Ratios UO/S Ratios
2.5 3.9
2.4 uo/s 3.8
2.3 vs 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 i 1 ue 1 1 1 1 i L i L 1 i 2.6
Dec Feb Apr Jun Aug Oct Dec Feb Apr Jun Aug Oct Dec

Dec. 1993- Dec. 1995

Note: All Charts based on seasonally
adjusted current dollars.


Table 6. VALUE OF MANUFACTURERS’ UNFILLED ORDERS AND TOTAL INVENTORIES

FOR TOPICAL SERIES'
(Millions of dollars)

Seasonally adjusted

Not seasonally adjusted

Industry Monthly Percent Change Monthly Percent
change
Dec. Nov. Oct. | Nov- | Oct- | Sept- Dec. Nov. Oct. Dec. | Dec.
1995° 1995 1995" | Dec. | Nov. | Oct. | 1995? 1995 195° 1994 | 95/94
UNFILLED ORDERS
All manufacturing industries 464,789 | 463,485 | 463,065 40.3 +0.1 +0.4 | 458,703 | 457,355 | 458,156 | 451,768 +15
Market categories :
Automotive equipment 1,895 | 1,909 | 1,984 07) 38] 34 1,862 | 1,868 1,957 | 2,146 | -13.2
Home goods and apparel 9,569 9,582 9,367 0.1 423 -16 7,988 8,445 9,039 8,328 41
Consumer staples . . . 1734 | 1814 | 1.807 44] 404] 420) 1772 | 1,825 1814 1,632 48.6
Machinery and equipment . 193,512 | 190,298 | 188,502} +17] +10 | +1.0 | 192,520 | 190,145 | 187,869 | 180,833 +65
Business supplies 6125 | 6,252 | 6.113 20) +23] 03] 5966] 6074] 5989 | 5.810 42.7
Construction materials
and supplies 15,706 | 15,745 | 15,829 02] -05 | -03 | 15,346 | 15,383 | 15,544 | 15,440 -0.6
Defense products 101,451 | 101,842 | 102,682 04} -08 | -09 | 101,807 | 100,591 | 101,782 | 107,239 3
Other materials, supplies and”
and intermediate products . 134,797 | 136,043 | 136,781 09] 05 | +10 | 131,442 | 133,024 | 134,162 | 130,340 +08
Durable goods industries
Nondefense capital goods ° 211,812 | 208,911 | 206,867 +14 +1.0 +0.4 | 211,212 | 209,231 | 206,479 | 199,916 45.7
Excluding aircraft and parts. 98,332 | 99,322 | 98,944 40.4 +0.4 | 97,732 | 99,642 | 98,556 | 91,007 474
Defense capital goods ‘ . . 106,517 | 107,016 | 107,879 08 -0.8 | 106,704 | 105,749 | 107,029 | 113,105 5.7
Durables excluding capital goods 123,489 | 123,863 | 124,803 03 0.8 +2.1 | 118,900 } 119,734 | 121,828 | 114,427 43.9
Miscellaneous series :
Producers’ durable equipment . 229,071 | 225,588 | 223,921 40.7 +11 | 226,790 | 224,672 | 223,155 | 213,714 +6.1
Household durable goods . 6,021 6,079 5,990 +15 0.5 5,104 ; 5,904 5,197 “18
Information technology industries . 40,069 | 40,441 40,321 +03 +12 | 39,570 | 40,932 | 40,476 | 36,929 47.2
Health care equipment
and products .............. 5,966 | 6,019 | 6,017 09 00] +69] 5,965} 6020] 6,018 | 6,323 “57
TOTAL INVENTORIES
All manufacturing industries 417,840 | 417,586 | 417,435 40.1 0.0 +0.3 | 407,965 | 416,838 | 418,269 | 384,058 +6.2
Market categories :
Automotive equipment . 6,543 6,595 6,629 08 0.5 +13 6,426 6,672 6,599 6,255 42.7
Home goods and apparel 34,116 | 34,209 | 34,168 03 40.1 +0.6 | 32,503 | 32,698 | 33,280 | 30,790 45.6
Consumer staples . 59,925 | 59,256 | 59,403 | +11] -02] -03 | 59,463 | 60,413 | 61,183 | 57,919 42.7
Machinery and equipment 104,613 | 104,309 | 103,838 403 40.5 +14 | 101,430 | 105,281 }| 104,388 | 92,345 +9.8
Business supplies 23,967 | 23,934 | 23,872 | +01] +403 | -02 | 22936 | 23,651 | 23,895 | 21,046 +9.0
Construction materials
and supplies . 26,532 | 26,613 | 26,608 03 00 | +03 | 25,809 | 26,082 | 26,237 | 24,839 43.9
Defense products 20,158 | 20,479 | 20,823 16} -17 | -19 | 19,331 | 20,487 | 21,153 | 21,164 87
Other materials, supplies and
and intermediate products . 141,986 | 142,191 | 142,094 01} +01 0.0 } 140,067 | 141,554 | 141,534 | 129,700 +8.0
Durable goods industries
Nondefense capital goods ° 99,578 | 99,329 | 98,817 +03 +0.5 +15 | 96,212 | 100,166 | 99,489 | 86,812 +10.8
Excluding aircraft and parts. . 71,691 71,439 | 71,202 +0.4 +03 +13 | 68,897 | 71,741 71,623 | 61,295 +124
Defense capital goods * -- | 20,466 | 20,879 | 21,298 20] 20] -20] 19503 | 20,947 | 21,685 | 21,751 | -103
Durables excluding capital goods 143,287 | 143,309 | 143,190 00} +01 | +04 | 140,766 | 142,478 | 142,566 | 133,221 45.7
Miscellaneous series :
Producers’ durable equipment . . 165,547 | 165,292 | 164,695 40.2 +04 +1.0 | 160,843 | 165,802 | 165,019 | 149,283 477
Household durable goods . 15,094 14,976 14,916 +0.8 +0.4 +0.6 14,418 14,491 14,727 13,687 +53
Information technology industries 38,901 38,638 | 38,554 +0.7 +0.2 +2.2 | 37,246 | 38,993 39,009 | 32,052 +162
Health care equipment
and products ....... 13,570 | 13,397 | 13,541 | +13] -L1 | +04] 13,280 | 13,480 | 13,613 | 13,047 +18

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
Dec.| Nov.| Oct. | Nov.-| Oct-] Sept-] _Dec.} Nov.] Oct.| Dec. | Dec.
1995] 1995] 1995"] Dec.] Nov.] Oct.] 1995] 1995] 1995'} 1994] 95/04} 1995" | 1994
SHIPMENTS
All manufacturing industries 306,777} 303,728] 302,398] +1.0] +0.4} —-0.6] 303,736] 303,919] 311,545] 290,089] +4.7]3,600,054 [3,370,020
Market categories
Automotive equipment ...... 14,415] 14,303) 14,437] +08] -0.9} -3.0]_ 12,764] 14,530] 15,838] 13,082} -2.4] 170,624} 167,152
Home goods and apparel 19,869} 19,719] 19,675] +08] +02! -0.1) 17,220] 20,721 22,336} 17,052] +1.0] 235,458] 228,458
Consumer staples 62,849] 62,195] 61,751] +1.1]  +0.7| +1.0] 63,671] 63,000] 63,634} 61,515] _+3.5] 733,151] 706,838
Machinery and equipment 56,793| 56,168] 55,183) +1.1] +18} -1.3] 62,711] 55,566] 54,916} 56,859] +10.3| 652,881] 594,483,
Business supplies . . 23,077| 22,862] 22,573] +09] +1.3) -0.8] 22,449] 23,298] 23,547] 21,333] +5.2| 270,085} 252,354
Construction materials
and supplies 18,668] 18,518] 18,855] +08) -1.8] 0.0]_17,289] 18,364) 19,994] 17,103] +1.1] 223,886] 216,172
Defense products . 6,758) 6,555] 6,734] 43.11 -2.7]  -1.6 7,787] 6,617] 6,641] 7,896] 1.4] 83,078] 87,176
Other materials, supplies and
and intermediate products 104,348] 103,408] 103,190] +0.9| +0.2) 1.0} 99,845] 101,823] 104,639] 95,249] +4.8] 1,230,891 1,117,387
Durable goods industries :
Nondefense capital goods * 45,050] 44,023) 42,976] +23] +24) 52,888] 43,044] 41,155] 45,834] +15.4] 508,716] 447,781
Excluding aircraft and parts 39,825] 38,600] 38,324) +32] +0.7| 46,180] 37,803] 36,883] 39,960] +15.6] 448,224) 390,441
Defense capital goods * . 6,208] 6,105] 6,289] +17] -2.9} 7,453| 6,285] 6,196] 7,669] -2.8] 77,229] 81,962
Durables excluding capital goods . | 115,397] 114,798] 114,797] +05] 0. 108,195] 115,640] 121,117] 105,270] +2.8] 1,359,618 [1,282,973
Miscellaneous series :
Producers’ durable equipment . 106,839] 105,747] 104,620) +1.0] +1.1] 1.4} 109,783] 106,003] 107,322] 103,028} — +6.6] 1,242,143 [1,165,348
Household durable goods . . 740] 8,779] 8, -04] +091 +07] 8,125] 9,473] 9,723) 7,826] +3.8] 102,226
Information technology industries 22,337] 21,921] 21,597] +1.9]  +1.5] +1.0| 28,497] 21,921] 20,229] 24,034] +18.6] 248,823] 215,058
Health care equipment
and products ....... 9,115] 8,953] 8,931] +18] 40.2] +24) 9,637] 8,884] 8,871] 9,056] +64] 105,421] 102,367
NEW ORDERS
All manufacturing industries 308,081] 304,148] 304,370] +1.3] -0.1] -0.6| 305,084] 303,118] 313,064] 294,165] — +3.7] 3,606,989 |3,383,430
Market categories :
Automotive equipment . . 14,402] 14,227] 14,368] +12) -1.0f -3.3] 12,758) 14,441] 15,768] 13,129} -2.8} 170,341] 167,396
Home goods and apparel 19,855] 19,934] 19,5191 -0.4) +21! +0.7| 16,762] 20,127] 21,509] 16,332] +2.6| 235,118] 228,124
Consumer staples : 62,768] 62,202] 61,788) +0.9] +0.7| +14} 63,617] 63,012) 63,622] 61,541] +34] 733,292] 706,991
Machinery and equip 60,007| 57,964] 56,991] +35] +1.7]  -4.2} 65,087} 57,841] 57,145] 55,064) +182] 664,569} 595,092
Business supplies . 22,950] 23,001] 22,557] -0.2) +20] +0.4) 22,341) 23,382] 23,358} 21,431) +42) 270,242] 252,797
Construction materials
and supplies 18,628] 18,435] 18,803] +1.0]  -2.0f +0.3| 17,252] 18,203] 19,680] 17,288] -0.2| 223,793) 217,737
Defense products 6,367] 5,715] 5,844) +114] -2.2) -22.81 9,003] 5,426) 6,252] 12,713) -29.2| 77,647) 83,504
Other materials, supplies and”
and intermediate products . 103,104} 102,670] 104,500) +0.4] -1.8] +1.8} 98,264] 100,686) 105,730] 96,667] +1.7] 1,231,987 1,131,789
Durable goods industries :
Nondefense capital goods ° 47,951] 46,067] 43,755] +4.1]  +5.3] -6.8] 54,869] 45,796] 42,519] 43,864] | +25.1] 520,012] 450,360
Excluding aircraft and parts . 38,835] 38,978] 38,691) -0.4] +07] -2.8) 44,270] 38,889] 37,835) 39,673] +11.6] 454,949] 405,790
Defense capital goods ‘ . . 5,709] 5,242] 5,411] +89] -3.1] -22.6] 8,408] 5,005] 5,870] 12,342] -31.9] 70,828] 77,929
Durables excluding capital goods "- | 115,023] 113,858] 117,324] +1. -3.01 42.0] 107,361] 113,546] 122,944] 106,320] +1.0] 1,364,091 [1,294,248
Miscellaneous series :
Producers’ durable equipment 110,322] 107,414] 107,165] +2.7) +0.2} — -2.4] 111,901} 107,520] 109,858] 101,492} +103] 1,255,219]1,172,919
Household durable goods .......| 8,682] 8,868] 8,666] -2.1] +23] +05] 7,709] 9,089] 9,366] 7,461] +3.3| 102,133] 97,473
Information technology industries |. 21,965} 22,041} 22,082] -0.3) 0.2] +0.8) 27,135] 22,377] 20,907] 23,910] +13.5) 251,464] 219,901
Health care eauipment
and products... . 9,062] 8,955] 9,320] +12) -3.9) +74) 9,582] 8,887] 9,260) 8,863] +8.1| 105,065] 101,202
” 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 :
and tank components; and search and navigation equipment.

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

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


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

Inventory / Shipments ratio Unfilled Orders / Shipments ratio!
Industry Dec. Nov. Oct, Sept. Dec. Nov. Oct. Sept.
195° 195° 1995 1995 1995? 1995" 1995 1995
All manufacturing industries .. . 1.36 137 1.38 137 2.73 2.75 2.78 2.74
Durable goods industries .......... 1.58 1.60 1.60 1.58 3.28 331 3.34 3.30
Stone, clay, and glass products iat 13 116 118 112 115 1s 118
Primary metals sees 1.48 148 147 147 194 192 1.88 1.86
Fabricated metal products... 2. | 155 158 137 158 145 147 1.44 1.45
Industrial machinery and equipment 1.66 1.70 1.67 165 236 244 241 240
Electronic and other
electrical equipment 1.67 1.68 172 1.67 1.93 1.99 2.08 1.98
Transportation equipment . : 149 131 135 149 10.96 10.83, 11.46 11.00
Instruments and related products . . . 194 193 197 1.95 3.89 3.87 397 3.94
Nondurable goods industries 1.10 La Lil 1.12 0.64 0.67 0.66 0.67
Food and kindred products : : 0.84 0.84 0.84 0.85 (X) &) (X) (%)
Tobacco products . . 1.97 1.84 1.85 2.19 (xX) (xX) (xX) (X)
Textile mill products: . : 1.73 172 172 1.66 (NA) (NA) (NA) (NA)
Paper and allied products... : ! 1:20 1.20 119 116 (NA) (NA) (NA) (NA)
Chemicals and allied products 117 117 117 119 & &) &) &)
Petroleum and coal products 0.84 0.84 0.86 0.85 (xX) () (X) &)
Rubber and plastics products - | 138 141 141 140 () &) &) &)

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

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

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

Shipments ‘New orders Unfilled orders Inventories
Industry
Dec. Dee. Dee. Dec.
Dec? | 1994- Dec? | 1994- Dec? | 1994- Dec? | 1994-
Dec. | 1990-] Nov. | Dec.' | 1990] Nov. | Dec.' | 1990-] Nov. | Dec.! | 1990- | Nov.
1995 | 1994] 1995] 1995 | 1994] 1995} 1995] 1994] 1995] 1995] 1994] 1995
All manufacturing industries ...... (x) 02 0.2 (e9) 02 02 «) 0.1 01 (es) 0.1 0.1
Durable goods industries . oa) 03 02 fo) 03 fea) 0.0 Ol (x) 00 00
Stone, clay, and glass products . . . &) 06 0.6 (X) 1.0 X) 03 0.5 (xX) 01 0.1
Primary metals .......... 4. : (X) 08 04 &) 09 & 0.6 04 (xX) 02 0.2
Fabricated mchineey and  scuipnicat &) 07 03 &) 06 &) 02 03 &) 03 92
industrial macl quipment . . ¥ . . 2 X) 01 .
Blectronic and other ) 04 03 0.6 (x) 0.1 &)
electrical equipment .. . &) 03 04 fe) 06 fea) 04 03 fea) o1 O1
Transportation equipment fee &) 04 04 &) 08 &) 0.0 01 & Ol 1
Instruments and related products . - : &) 05 02 &) 08 & 02 02 &) 02 01
Nondurable goods industries (X) 03 01 [eg 0.2 XX) 0.4 0.3 (xX) 0.1 0.1
Food and kindred products 8 02 01 8 0) &) fe) (0) ® 0.1 02
Tobacco products : (X) 01 0.1 ) (X) (X) (x) (X) 0.0 0.0
Textile mill products . . &) 1.0 02 (x) (NA) (X) } (NA) (NA) (xX) 0.2 0.2
Paper and allied products . (x) 03 03 (x) (NA) () (NA) (NA) (xX) 02 0.2
Chemicals and allied products... : &) 02 02 & (xX) « &) x) &) o1 02
Petroleum and coal products... . x) 04 02 x) & &) & & & 02 02
Rubber and plastics products... | | &) 03 03 &) & &) &) &) &) 02 o1
Capital goods industries:
londefense fe) 04 03 fe) 06 05 fea) 01 01 (ea) On 01
Defense . . . &) 15 04 & 29 24 & O1 on &) 02 02

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

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

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


CURRENT INDUSTRIAL REPORTS

rare

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

Manufacturers’ Shipments,
Inventories, and Orders

November/December 1995
M3-1-(95)-11/12
For Wire Transmissions 8:30 a.m. E.S.T. February 15, 1996

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

Summary

New orders for manufactured goods in December increased $3.9
billion or 1.3 percent to $308.1 billion, the Department of Commerce,
Bureau of the Census reported today. This follows decreases of 0.1
percent in November and 0.6 percent in October and is the fifth increase
this year. New orders for 1995 are 6.7 percent above 1994

Shipments, up for the eighth month this year, increased $3.0 billion
or 1.0 percent to $306.8 billion, following a 0.4 percent November
increase. Shipments for 1995 are 7.0 percent above 1994.

Unfilled orders, up for the fourth consecutive month, increased $1.3
billion or 0.3 percent to Bao, 8 billion, following a 0.1 percent November
increase. The unfilled orders-to-shipments ratio was 2.73, down from 2.75
in November. December 1995 unfilled orders are 1.7 percent above
December 1994.

Inventories increased $0.3 billion or 0.1 percent to $417.8 billion,
the fifteenth consecutive monthly increase and the twenty-second in the last
twenty-four months. The inventories-to-shipments ratio was 1.36, down
from 1.37 in November. December 1995 inventories are 6.6 percent above
December 1994.

New Orders

New orders for manufactured durable goods in December increased
$3.5 billion or 2.1 percent to $168.7 billion. This follows decreases of 0.8
percent and 1.5 percent in November and October respectively and is the
fifth increase this year.

Transportation equipment had the largest increase, $2.5 billion or
6.3 percent to $42.3 billion; led by aircraft and aircraft parts, all component
categories increased. This follows a 4.6 percent November increase and
is the sixth increase this year. Electronic and other electrical equipment,
up three of the last four months, increased $1.8 billion or 6.7 percent to
$27.9 billion. This follows a 12.1 percent November decline. Instruments
and related products, up for the third consecutive month, increased $0.4
billion o 3.8 percent to $12.3 billion. Industrial machinery and equipment
decreased $0.7 billion or 2.2 percent to $31.9 billion, following a 2.0
percent November increase. Primary metals decreased $0.2 billion or 1.4
percent to $14.9 billion. This follows a 0.1 percent November decrease
and is the tenth decline this year.

New orders for nondurable goods, up for the tenth month this year,
increased $0.4 billion or 0.3 percent to $139.4 billion, following a 0.8
percent November increase. Increases, led by petroleum and coal products,
chemicals and allied products, and apparel more than offset decreases, led
by paper and allied products, textile mill products, and tobacco products.

Shipments

Shipments of durable goods in December increased $1.7 billion or
1.0 percent to $166.7 billion, following a 0.5 percent November increase.
This is the fourth increase in the last five months and the ninth this year.

Industrial machinery and equipment, up for the first month since
September, increased $0.7 billion or 2.2 percent to $32.6 billion. ‘This
follows a 0.1 percent November decline. Electronic and other electrical

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

equipment, up four of the last five months, increased $0.6 billion or 2.0
percent to $28.4 billion. This follows a 1.6 percent November increase.
‘Transportation equipment, up four of the last five months, increased $0.2
billion or 0.6 percent to $39.2 billion. This follows a 1.8 percent
November increase

Shipments of nondurable goods, up for the seventh month this year,
increased $1.3 billion or 1.0 percent to $140.1 billion, following a 0.3
percent November increase. Petroleum and coal products, up for the
seventh month this year, had the largest increase $0.7 billion or 5.6 percent
to $13.3 billion. Chemicals and allied products, and printing and
publishing products also had large increases.

Unfilled Orders

Unfilled orders for durable goods in December increased $2.0 billion
or 0.5 percent to $441.8 billion, following a 0.1 percent November
increase. This is the fourth consecutive increase and the eighth this year.

Transportation equipment had the largest increase, $3.1 billion or 1.5
percent to $203.1 billion, due to aircraft and aircraft parts. This follows
a 0.4 percent November increase and is the fourth increase in the last five
months. Instruments and related products, up for the third consecutive
month, increased $0.4 billion or 0.9 percent to $46.0 billion. Primary
metals, up for the fifth consecutive month, increased $0.2 billion or 0.7
percent to $28.5 billion. This follows a 1:3 percent November increase.
Industrial machinery and equipment, down for the first_ month since
September, decreased $0.7 billion or 1.0 percent to $72.8 billion.
Electronic’ and other electrical equipment decreased $0.5 billion or 1.0
percent to $54.7 billion, following a 3.0 percent November decrease. This
is the fourth decline this year.

Inventories

Inventories of durable goods in December, down for the first month
since September 1994, decreased $0.2 billion ‘or 0.1 percent to $263.3
billion, following a 0.1 percent November increase. Transportation
equipment had the largest decline, $0.7 billion or 1.1 percent to $58.3
billion, following a 0.7 percent November decrease. Fabricated metal
products, down for the fifth consecutive month, declined $0.2 billion or 1.0
percent to $24.7 billion. Electronic and other electrical equipment
increased $0.6 billion or 1.2 percent to $47.4 billion. This follows a 0.5
percent November decrease and is the thirty-fifth increase in the last thirty-
eight months. Instruments and related products, up for the seventh
consecutive month, increased $0.2 billion or 0.7 percent to $22.9 billion
Industrial machinery and equipment, up for the sixth consecutive month,
increased $0.1 billion or 0.2 percent to $54.2 billion

Inventories of nondurable goods, up thirteen of the last fifteen
months, increased $0.4 billion or 0.3 percent to $154.5 billion. This
follows a slight November decline. Increases in petroleum and coal
products, and chemicals and allied products more than offset declines in
apparel and related products, and rubber and plastic products.

By stage of fabrication, December finished goods decreased slightly
in durables and increased 1:1 percent in nondurables. Work in process
decreased slightly in durables and declined 0.2 percent in nondurables
Materials and supplies decreased 0.2 percent in durables and 0.5 percent
in nondurables.

NOTE: THIS COMBINED REPORT INCLUDES THE MOST RECENT DATA ESTIMATES FOR OCTOBER, NOVEMBER, AND DECEMBER 1995 FOR DURABLE GOODS
CATEGORIES AS WELL AS THE ADDITIONAL CATEGORIES INCLUDED IN THE MANUFACTURERS’ SHIPMENTS, INVENTORIES, AND ORDERS (FACTORY
ORDERS) REPORT. THERE WILL BE NO SEPARATE NOVEMBER AND DECEMBER ADVANCE PUBLICATIONS OR A NOVEMBER PRELIMINARY
PUBLICATION.

‘The advance report for durable goods for January and the full report will be combined and released on March 5, 1996 at 8:30 a.m. For sale by the Superintendent of Documents, U.S.
‘Government Printing Office, Washington, DC 20402. This reportis also available the day of issue through the Department of Commerce's online Economic Bulletin Board (N-8-1) (202-482-
3870) and through the Census Bureau's online information service--CENDATA. CENDATA is available from Dialog Information Services, Inc. (1-800-334-2564)and CompuServe (1-800-
848-8199). The CENDATA staff at the Bureau of the Census (301-457-1305)can provide content information and general guidance.



Nondefense Capital Goods 11

New Orders and Shipments
Three Month Moving Averages
Billions of Dollars

s2P--------- +--+ 2-2 frre eer eee 52

New Orders

Shipments

Dec Feb Apr Jun Aug Oct Dec Feb Apr Jun Aug Oct Dec
Dec. 1993 - Dec. 1995

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

"1 1
New Orders

SC ———" 4 10
Shipments

a 49

5
Dec Feb Apr Jun Aug Oct Dec Feb Apr Jun Aug Oct Dec
Dec. 1993 - Dec. 1995

Note: All Charts based on seasonally
adjusted current dollars.

* U.S. GOVERNMENT PRINTING OFFICE: 1996 404-450/20048


Table 7. VALUE OF MANUFACTURERS’ INVENTORIES, BY STAGE OF FABRICATIO!

BY INDUSTRY GROUP
(Millions of dollars)

Seasonally adjusted

‘Not seasonally adjusted

Industry Monthly Percent Change Monthly Percent
change
Dec. Nov. Oct. | Nov- | Oct- | Sept- Dec. Nov. Oct. Dec. | Dec.
195° 1995 1995" | Dec. | Nov. | Oct. | 1995 1995 195° 1994 | 95/94
MATERIALS AND SUPPLIES
All manufacturing industries 138,001 | 138,404 | 138,458 +0.6 | 138,038 | 138,562 | 138,983 | 128,662 473
Durable goods industries ..... . 80,974 | 81,104 | 81,349 +14 | 80,927 | 81,684 | 82,099 | 75,113 477
Stone, clay, and glass Products 2,788 | 2863 | 2/873 04 | 2,790 | 2,841 2/858 | 21643 45.6
Primary metals... 640 | 6,782 | 6,787 00] 6876 | 6905 | 6880} 6,707 425
Fabricated metal products. - . 8311 3477 | 8,618 +03 | 8519] 8454] 8497 | 8.682 “19
Industrial machinery and equipment’ | 18,678 | 18,670 | 18,705 424 | 181346 | 18954 | 18,947 | 16,573 | +107
Electronic and other
electrical equipment .......... 16,628 | 16,586 | 16,837 +19 | 16,291 | 16388} 16,968 | 13,106 | +243
Transportation equipment . . - : - 91945 943 | 91916 40.7 964 | 10,060 | 9,966 | 10,749 73
Instruments and related products. | 7,234 | 7,217 | 7,222 +12 | 7154 "217 | 7,221 | 6,792 +53
Lumber, furniture and
miscellaneous durable goods .. . . 10,750 | 10,566 | 10,391 42.0 | 10,987 | 10,865 | 10,762 } 9,861 | +114
Nondurable goods industries . 57,027 | 57,300 | 57,109 05 | 57,111 | 56878 | 56,884 | 53,549 | +67
Food and kindred products 10,548 | 10;510 | 10,489 0.0 | 10,782 | 10,847 | 10,793 | 10240 | +53
Tobacco products ....... 4697 ;686 | 4,691 “14 970 | 4538 | 4,588 5,007 -07
Textile mill products - 3,023 | 3,036 | 3,028 +03] 2964 | 2943 | 2917 | 2844] +42
Paper and allied products - 2... 8180 | 8301 8284 405 | 8168 | 8230 | 8247 | 6988 | +169
Chemicals and allied products °- 11/623 | 11,725 | 11,674 00 | 11635 | 11,671 | 11600 | 11512 | +11
Petroleum and coal products 3,475 | 3,381 260 19 3346 | 3,285 | 3,284 "992 | +157
Rubber and plastics products |: 4979 | Sos | 5,122 25 | 4998 | 5,031 7022 | 5,025 “05
Apparel, printing, and publishing
and leather goods ........ 10,502 | 10,573 | 10,561 0.6 | 10,248 | 10,333 | 10433 | 9,041 | +13.4
WORK IN PROCESS
All manufacturing industries 134,876 | 134,967 | 134,252 0.0 | 130,453 | 135,826 | 136,086 | 124,975 | +44
Durable goods industries ....... 110,176 | 110,216 | 109,485 40.1 | 106,424 | 110,730 | 110,584 | 101,705 +4.6
Stone, clay, and glass Products : 284 1318 | 1,331 -16 | 1201 212 1248 1078 | +114
Primary metals -....... . 8282 | 8310 | 8,272 +02 | si46 | 8228 | 8,261 7,603 471
Fabricated metal products": 7341 | 7,961 8,037 +011 7578 | 7867 | 8,045 | 7,567 +01
Industrial machinery and equipment’ | 19,837 | 19,583 | 19,195 -0.8 | 18849 | 20,038 | 19,770 | 17/462 | +79
Electronic and other
electrical equipment 17,730 | 17,342 | 17,054 +12 | 17,104] 17,255 | 17,117 | 15,619 | 49.5
Transportation equipment . 40,584 | 41,080 | 41,144 -02 | 39/435 | 41/562 | 41,682 | 38566 | +23
Instruments and related products . 9,647 563 | 95369 40.7 | 9.270 | 9,621 9,423 | 8,784 +55
Lumber, furniture and
miscellaneous durable goods .. . 4971 5,059 | 5,083 +17] 4941 | 4,947 | 5,038 | 5,026 37
Nondurable goods industries . . 24,700 | 24,751 | 24,767 -0.6 | 24,029 | 25,096 | 25,502 | 23270 | +33
Food and kindred products 4217 | 4227 | 4,274 +05 | 4,496 y591 | 4,864 | 4351 433
Tobacco products ...... 192 192 173 270 191 290 244 162 | +179
Textile mil products 2,794 | 2,805 | 2,769 02 | 2,662 | 2,773 | 2,750 | 2,405 | +10.7
Paper and allied products * 1554} 1,521 1,540 +17 1522 | 1,468 1,484 1207 | +26.1
Chemicals and allied products ° 31658 | 5,649 | 51592 06 | 51539 | 51674 | 5,624 | 5:27: $5.0
Petroleum and coal products 2298 | 21150 | 21086 3.6 | 2140} 2145 | 2129 | 2,202 28
Rubber and plastics products 201s | 2049 | 2,061 +12] 1996 | 2/095 | 2093 1,923, 438
Apparel, printing and publishing
and leather goods 5972 | 6158 | 6,272 08 | 5,483 | 6,060] 6,314 | 5,745 46
FINISHED GOODS
All manufacturing industries 144,963 | 144,215 | 144,725 | +05] -04 139,474 | 142,450 } 143,200 | 130,421
Durable goods industries 72,181 | 72,197 | 72,471 oo} -04 69,130 | 71,177 | 71,057 | 64,966
Stone, clay, and glass products 4169 | 4145 | 4212 | +06)  -16 4046 | 3980 | 4,038 | 3,820
Primary metals... ... . 6806 | 6731 | 6,766] +11] -05 6619 | 6571 | 6,642 | 6,439
Fabricated metal products 8582 | 8542 | 8456] +05] +1.0 81025 | 8159 | 8135 | 7,465
Industrial machinery and equipment’ | 15,732 | 15,871 | 15,435 09] +428 15,405 | 15,794 | 15,015 | 14,234
Electronic and other
electrical equipment ........... 13,042 | 12,910] 13,160] +10] -19 12,255 | 12,717 | 13,091 | 10,282
‘Transportation equipment... 77750 | 7,929 | 8326 23| -48 7312 | 8205 | 8,402 882
Instruments and related products . 6,059 | 6002 | 6028 | +09} -04 51901 | 6,134 | 6,123 | 5,691
Lumber, furniture and
miscellaneous durable goods 10,041 | 10,067 | 10,088 03} 02 9,567 | 9617 | 9,611 | 9,153
Nondurable goods industries 72,782 | 72,018 | 72,254] +11] -03 | +01 | 70,344] 71,273 | 72,143 | 65,455
Food and Kindred products 16870 | 16804 | 16790] +04] +01] +06] 16588 | 17,526 | 17,696 | 16,580
Tobacco products... . 662 648 700} 422] -74] +36 673, 707 816 797
Textile mill products - - 4675 | 4,660] 4,655] +03] +01] +17] 4323 | 4,480] 4,498 | 4,096
Paper and allied products - 7088 | 650 | 6804] +35] +07] +423] 6829] 6675] 6598 | 5,237
Chemicals and allied products 181623 | 18347] 18678 | +15] -18] -19 | 18418 | 18,041 | 18354 | 17.375
Petroleum and coal products 372 130 | 574] +47] 09] -20 | 51083 | 5268 | 5,300 | 4,964
Rubber and plastics products: . 6903 | 6938 | 6,965 05} -04]| +09] 6702 | 6694 | 6.717 | 6,103
Apparel, printing, and publishing»
and leather goods .... . . 12,589 | 12,641 | 12,488 04} +12 | +12] 11,728 | 11,882 | 12,164 | 10,303

* Preliminary. ‘ Revised.

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


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

(Millions of dollars)

Seasonally adjusted

Not seasonally adjusted

Industry Monthly Percent Change Monthly Percent
change
Dee. Nov. Oct.} Nov] Oct-] Sept Dec. Nov. Oct. Dec.| Dec.
1995" 1995 1995"! Dec.] Nov. Oct. 1995? 1995 1995" 1994} 95/94
All manufacturing industries .. . . - 464,789 | 463,485] 463,065 +03 +0.1 40.4] 458,703] 457,355] 458,156] 451,768 +15
Manufacturing industries
without defense capital goods 358,272 | 356,469] 355,186 $0.5 40.4 40.8} 351,999] 351,606] 351,127] 338,663 43.9
Durable goods industries . . 441,818] 439,790] 439,549 40.5 40.1 +0.6| 436,816] 434,714] 435,336] 427,448 42.2
Stone, clay, and glass Products o 7,833 7,968 7,937 -L7 404 0.7 7,468 1,734 7,771 7,514 0.6
Primary metals... : 28531) 28328] 27974) +07) +13] +08] 27,579] 26,569] 26,272) 27,859) -1.0
Blast furnaces, steel mills . 12.450] 12119] 11807| 42.7] +26] +424] 11,740) 11,247) 10,997] 10,651] +10.2
Tron and steel foundries . 3,619 3,699 3,707 22 0.2 40.2 3,539 3,629 5 3,687 4.0
Nonferrous and other primary
metals... 2.2... . 12,462] 12,510] 12,460 +04] 05} 12,300] 11,693] 11,629] 13,521 9.0
Fabricated metal products 21,181] 21,229] 21,166 403)  -04) 20860] 20,676| 20,875] 20,492) +18
Industrial machinery and equipment . | 72,796 | 73,526] 72,828 +10 0.0| 72,431] 73,935] 72,468] 67,196] +78
Engines and turbines .......... 10,439} 10,634] 10,173 +45/  -09| 10,859] 11,096] 10,522] 10,624] +2.2
Construction, mining and
material handling equipment . 3606] 93,442] 8366] +19| +09] +430] 8468] 8,304) 8,220] 6,999] #21.0
Metalworking machinery 9,585 10,022 10,504 44 4.6 24 9,585 10,022 10,504 9,577 40.1
Computer and office equipment 11,715 11,879 11,781 “4 +0.8 40.6 11,223 12,376 11,927 11,200 40.2
Electronic and other
electrical equipment ...... 54,723] 55,254] $6,990 -10 3.0 +42) 52,813 54,366] 56,405] 46,132] +14.5
Electrical transmission and
distribution equipment and
industrial apparatus . . 3717] 5,801| 5,921 -4| 20] +33] seo] 5,816] 5,918] 5,746) 13
Electric lighting and
wiring equipment . . . . . 3,841 3,733] 3,814] 429) 0-21 -13] 3,841] 3,733] 3,814] 3,643] +54
Communications equipment 17362] 17809] 17,795] -25] +01) +13] 17,346] 17,800] 17,839] 15,004) +15.6
Electronic components . 23,166| 23,454] 24,641 12] 48] 49.6] 21/544] 22,565] 23,925] 15,932] +352
Transportation equipment . 203065} 199,994] 199213] +15] +04]  -0.1] 202,661] 198,737] 198,157] 203,174) -0.3
Aircraft, missiles,
space vehicles, and parts. . 174,304] 171,160} 170,020) +18] 40.7] +03] 174,125] 170,198] 169,139} 170,892] +19
Shipbuilding and tanks ...... 16386] 16,407! 16,605 . -12| 3.0] 16,254] 16368] 16,658] 18,939] -14.2
Instruments and related products 46,021} 45,601] 45,578] +09} 40.1] 40.6] 46,369] 45,269] 45,575] 48,018] 3.4
Search and navigation equipment 29,115] 28,662] 28,669 +16 0.0 -1.0} 29,497] 28,366] 28,656} 31,707 71.0
Measuring and controlling devices . 10,101 10,082 10,049 +02 +03 +13 10,101 10,082 10,049 9,249 49.2
Medical instruments and supplies 5,939 .s 5,988 09 +0.1 +69 5,939 5,991 5,988 6,292 5.6
All other durable goods .........- 7,668 7,890 7,863 28 403 40.4 6,635 7,428 7813 7,063 6.1
Nondurable goods industries . . 22971} 23,695] 23,516] 3.1] 40.8] 1.9] 21,887] 22,641} 22,820) 24,320) -10.0

» Preliminary. ‘ Revised.

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


Table 2, VALUE OF MANUFACTURERS’

(Millions of dollars)

NEW ORDERS FOR INDUSTRY GROUPS

Seasonally adjusted

Not seasonally adjusted!

Monthly Percent Change ‘Monthly Percent Year to date
Industry change
Dec.| Nov.} Oct. | Nov.-| Oct-| Sept-| Dec.] Nov.] Oct.]  Dec.] Dec.
1995"} 1995] 1995'] Dec.] Nov.] Oct.] 1995"] 1995] 1995'] 1994] 95/94] 1995] 1994
All manufacturing industries . 308,081) 304,148] 304,370) +1.3] 0.1} -0.6) 305,084] 303,118] 313,064] 294,165) — +3.7] 3,606,989 |3,383,430
Manufacturing industries
with unfilled orders . . 171,709] 168,936] 168,820] +1.6] +0.1} — -0.7] 175,944] 168,880] 171,986] 166,001] — +6.0] 1,989,406 }1,829,739
without defense capital goods . 302,372] 298,906] 298,959] +1.2| 0.0} -0.1} 296,676] 298,113] 307,194] 281,823 +5.3] 3,536,161 [3,305,501
Durable goods industries 168,683] 165,167] 166,490] +2.1] -0.8} — -1.5] 170,638] 164,347] 171,333] 162,526] — +5.0] 1,954,931 ]1,822,537
With unfilled orders 136,576] 133,194] 133,888] +2.5] 0.5] -1.1] 141,728] 132,648] 136,289] 132,938] — +6.6] 1,569,107 1,443,815
Stone, clay, and glass products. 7,270] 7,383) 7,216] -1.5 +2.3] -03) 6,205] 7,334) 7,513] 6,280} -1.2] 85,849] 80,972
Primary metals ............ 14,881) 15,094) 15,109] 1.4] -0.1) +09} 14.591] 14,771] 15,085] 15,213] 4.1] 179,119] 162,838
Blast furnaces, steel mills. 6,435] 6,524] 6,627] -1.4] -1.6 +521 6,115} 6,301] 6,514] 6,152] -0.6] 76,531] 70,617
Iron and steel foundries 1,237] 1,273{ 1,280} -2.8]  -0.5]  -2.8] 1,018} 1,257] -1,426| 1,414] -28.0} 15,614] 15,181
Nonferrous and other primary
metals . . .. 7,209) 7,297 7,202] 1.2] +13) 2.11 7,458] 7,213] 7,145] 7,647] -2.5] 86,974] 77,040
Fabricated metal products 15,862] 15,867] 15,919] 0.0] -0.31 -0.1) 15,108] 15,523] 16,490] 14,628] +3.3] 190,552] 182,426
Industrial machinery and equip 31,909) 32,624] 31,987] 2.2] +2.0f -0.4) 34,314] 32,415] 31,558] 30,879] +11.1] 377,131] 343,794
Engines and turbines 1,533] 2,237] 1,782) -31.5] +25.5| 13.5] 2,076] 2,304] 1,736] 2,114) -1.8} 22,217] 22,861
Construction, mining and
material handling equipment . . 3,857) 3,447] 3,522] +119] -2.1) +141 3,728] 3,245] 3,679] 2,886] +29.2| 40,362] 34,309
Metalworking machinery 2,977) 2,965] 3,511] +0.4] -15.6f +6.2] 3,219] 3,236} 3,787) 3,263 13] 41,027] 37,561
Computer and office equipment - 9,107] 9,333] 9320] -2.4] +01] +4.6 11,382] 9,642] 8365] 9,793] +16.2| 104,556] 93,005
Electronic and other
electrical equipment 27,859] 26,099] 29,691] +67] 12.1] +6.1] 29,278] 26,550] 30,565] 26,570| +102] 323,020] 275,676
Electrical transmission and
distribution equipment and
industrial apparatus . 2,848) 2,772 2,989} 42.7] -7.3 +10.0| 2,750] 2,664] 2,900] 2,482] +108] 34,389) 31,332
Electric lighting and
wiring equipment . .... . 2,044] 1,827] 1,859] +11.9 +13) 2,102] 1,927] 1,871] 1,977] +63] 23,207] 22,121
Communications equipment 6,563] 6,629} 6,787] -1.0 -11.5] 9,146 6,540] 6,530] 8,184) +11.8) 77547] 61,429
Electronic components . 10,871) 9,852] 12,933} +10.3} 421.2) 10,138) 9,747] 13,276) 8,765] +15.7} 126,239] 97,963
Transportation equipment . 42,259] 39,746] 38,008] +6.3 -11.8) 42,111] 39,834] 40,601] 41,368] +1.8] 463,377] 452,725
Aircraft, missiles,
space vehicles, and parts. 11,577] 9,719] 8,391] +19.1 -26.6| 14,528 9,530] 8,385] 9,478] +53.3| 104,162] 88,433
Shipbuilding and tanks . . 787 606) 261) +29.9) -61.0} 847] 481 289] 3,880) -78.2 7,285} 11,100
Instruments and related products 12,265] 11,820] 11,748] +3.8| +84) 13,911] 11,649] 11,737] 12,676 +9.7] 136,747] 128,956
Search and navigation equipment 2,882) 2,417] 2,184] +19.2 +84) 3,921] 2,240] 2,240] 3,336] +17.5] 27,992] 27,191
Measuring and controlling devices .} 4,170] 3,909] 3,828] +6.7] +49) 4,465] 3,826] 3,764] 3,797] +17.6} 45,182] 39,223
Medical instruments and supplies 3,120} 3,116) 3,440) +0.1 +1297 3,355] 3,093] 3,324] 3,107] +8.0) 36,832) 34,830
All other durable goods ..........] 16,378] 16534] 16,812] 0.9] +0.3) 15,120] 16,271] 17,784] 14,912] +14] 199,136] 195,150
Nondurable goods industries 139,398] 138,981] 137,880] +03] +0.8| +0.5) 134,446] 138,771] 141,731] 131,639} +2.1| 1,652,058 {1,560,893
With unfilled orders . 35,133] 35,742) 34,932] -1.7] +23] 40.8] 34,216] 36,232] 35,697] 33,063] +3.5] 420,299] 385,924

” Preliminary. ‘ Revised.

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

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

increase from the prior month to the current month.

Note: Estimates of manufacturers” shipments, inventories and orders are subject to survey error and revision. One major component of survey error is nonsampling error,
which includes errors of coverage, response, and nonreporting. Since the survey panel is not a probability sample, estimates of sampling error cannot be calculated. Further
details on survey design, methodology, and data limitations are contained in our most recent annual benchmark publication, Current Industrial Reports: M3-1(92),

“Manufacturers’ Shipments, Inventories, and Orders: 1982-1992."


Table 1. VALUE OF MANUFACTURERS’ SHIPMENTS
(Millions of dollars)

FOR INDUSTRY GROUPS

Seasonally adjusted

Not seasonally adjusted"

‘Monthly Percent Change Monthly Percent | Year to date
Industry change
Dec.} Nov.} Oct. | Nov-| Oct-| Sept-] Dec.] Nov.} Oct] Dec. } Dec.
1995"} 1995} 1995'| Dec.] Nov.] Oct. 1995"] 1995] 1995'| 1994] 95/94] 1995] 1994
‘All manufacturing industries .... . | 306,777} 303,728] 302,398] +1.0] +0.4} 0.6] 303,736] 303,919] 311,545} 290,089] +4.7]3,600,054 }3,370,020
Manufacturing Industries
with unfilled orders . 170,405| 168,516] 166,848] +11] 41.0] -0.8) 174,596| 169,681] 170,467] 161,925] +7.8] 1,982,471 |1,816,329
without defense capital goods .. . | 3007569] 297,623] 296,109] +1.0] +0.5] _ -0.6] 296,283) 297,634] 305,349] 282,420] +4.9} 3,522,825 ]3,288,058
Durable goods industries. 166,655 164,926] 164,062] +1.0] +0.5] — -1.1] 168,536] 164,969] 168,468] 158,773] +6.1] 1,945,563 |1,812,716
With unfilled orders 134,548] 132.953] 131.460] +1.2| 41.1] — -0.7] 139,626] 133,270] 133,424] 129,185] +8.1] 1,559,739 ]1,433,994
Stone, clay, and glass products 7405] 7,352] 7.275] 40.7] +11) +11] 6471] 7.371) 7,899) 6.204] +43) 85,895 80,277
Primary metals. ve 14678| 14,740} 14:89] -0.4] 1.0 -0.4) 13,581] 14,474] 15,225] 13,963 179,399] 156,527
Blast furnaces, steel mills. - a 6212] 6348] -1.7]  -2.1] -0.4) 5,622) 6,051] 6,528] 6,153 73,442| 69,678
Iron and steel foundries 1317] 1.281) 1273] +28] +06] -3.6] 1,108] 1,274 1,393) 1,168 251] 15,762| 14,537
Nonferrous and other primary
metals... 7257] 7247| 7,268} +0.1) -0.3| +02] 6,851] 7,149] 7,304) 6,642) -+3.1] 88,195) 72,312
Fabricated metal products : 15910] 15,804] 15,999] +0.7] -1.2]  +0.6] 14,924] 15,722] 16,910) 14,293] +4.4] 190,184] 181,980
Industrial machinery and equipment 32639] 31.926 31,955] +22] -0.1] -0.5] 35,818] 30,948] 30,939] 32,027] +11.8] 371,896] 329,576
Engines and turbines : 1728) 1.776] 1/872) 2.7] -5.1]  -2.9] 2313) 1,730} 1,672) 2,897] 20.2) 21,982] 22,376
Farm and garden machinery. 1791] 1840 1.732] 2.7) +62) -5.5] 1,447) 1,522] 1,666) 1,448] -0.1] 21,884) 21,174
Construction, mining and
material handling equipment . 3,693] 3,371, 3,279] +96] 42.8] +031 3,564] 3,161] 3,294] 2,938] +21.3] 38,893] 33,101
Metalworking machinery ......-| 3,414] 3,447] 3,764] -1.0] 8.4] +8.7| 3,656) 3,718) 4,040) 3,276) +116] 41,019) 35,319
Computer and office equipment . . g271| 97235 9.2551 +04] -0.2] +031 12535] 9,193] 8,107} 10,667] +17.5] 104,533] 89,056
Electronic and other
electrical equipment .......... 28,390] 27,835] 27,392] 42.0] +1.6] -0.8} 30,831] 28,589] 27,551] 26,141] +17.9) 316,339) 273,982
Electrical transmission and
distribution equipment and
industrial apparatus 2,932) 2,892] 2,798] +14] +34] 6.2 2,897] 2,766] 2,695] 2,650] +9.3] 34,466) 31,356
Household appliances 1923] 1.967} 1.993] -22} 1.31 -0.1) 1,742) 1,933] 1,982) 11,8191 -4.2) 22,978] 22,492
Electric lighting and
wiring equipment ........ 1,936] 1,908] 1,908] +15] 0.0] -2.3] 1,994] 2,008 1,920] 1,954] +20) 23,009) 21,715
Household audio and
video equipment . _ 1218 1,257} 1,220 3.1] 43.0) 43.9] 1,147] 1,625] 1,671] 1,045] +9.8] 14,005) 12,585
Communications equipment. . F010) 6615] 6,558] +60] +091 42.71 9,600] 6,579] 6,264] 7,426] +29.3) 75,205) 61,457
Electronic components 11159} 11,039] 10.775] +11] +25] -1.8] 11,159] 11,107] 10,556] 8,913] +25.2| 120,627) 97,135
Transportation equipment 391188] 38,965 38.281] +06] +181 -3.6) 38,187] 39,254] 40,603] 38,305] -0.3) 463,890] 463,027
Motor vehicles and parts . 27609] 27;388| 27,743] +08] -1.3) -3.0] 24,551] 27,931] 30,311] 25,619] -4.2] 328,199] 328,823
Aircraft, missiles,
space vehicles, and parts 8,433] 3,579] 7,951] -1.7| +79] -3.8] 10,601] 8,471] 7,615] 10,074] +5.2} 100,929) 101,566
Shipbuilding and tanks 808] 8 7| +05] +43) +05] 961) 771) 757) 921} +43) 9,970) 11,457
Instruments and related products . 11,845] 11,797] 11,487] +0.4] +27] 0.0] 12,811) 11,955} 11,307] 12,306) +4.1) 138,396] 132,332
Search and navigation equipment 2429} 21424) 2,473] +0.2| 2.0] 1.6 2,790) 2,530] 2,344] 2,873) -2.9) 30,202] | 29,774
Measuring and controlling devices .| 4,151] 3,876] 3,701] +7.1] +4.7] 1.6] 4,446) 3,793) 3,637) 3,696] +203) 44,330] 38,806
Medical instruments and supplies .| 3,172] 3,113) 3,051] +19] +2.0] 1.0] 3,407} 3,090] 2,935] 3,298) $3.3] 37,185] 35,994
Photographic goods .... : 1,669] 1.961) 1,849] -149] +6.1] +6.7] 1,769] 2,126] 1,984) 2,039} -13.2) 21,796} 23,280
All other durable goods 16,600] 16,507] 16.784] +06] -1.7}_ -1.0 15,913] 16,656] 18,034] 15,534] +2.4] 199,564} 195,015
Nondurable goods industries . . 140,122} 138,802] 138,336] +1.0] +0.3| 0.0) 135,200] 138,950) 143,077) 131,316} — +3.0] 1,654,491 11,557,304
With unfilled orders . 35,857] 35,563) 35,388] +08] +0.5) 1.2) 34,970] 36,411] 37,043) 32,740] +68} 422,732) 382,335
Food and kindred products 37.785] 37.760] 37,466) +0.1] +0.8] +0. 37,994] 38,232| 38,969) 37,505] +1.3] 440,145} 429,631
Meat products . . . 8.965] 8.914] 8,694] +0.6| +25 -3.0| 8.813] 8,797] 9,077 8,317] — +6.0] 101,568] 97,060
Dairy products . 4943] 4.930] 4,833] +03] 42.0] +22) 4,854) 5,058] 4,787] 4,760] -+2.0] 56,898] 55,894
Beverages ........-..-..--.-| 5-483] 5-431] 5,542] +10] -2.0f +03] 5,165] 5,170] 5,414] 5,042] +24) 64,997] 62,686
All other foods, except fats and oils | 16,340] 16,247] 16,332] +0.6] -0.5] +1.2} 17,108] 16,969] 17,626) 17,422} 1.8} 193,494] 191,899
Tobacco products a 2/815} 3,008] 3,015] -6.4| -0.2] +16.5| 2,990] 3,162] 2,884) 2,937 +1.8] 34,693] 32,612
Textile mill products .. . .. 6.080] 6,104] 6,068] -0.4) +0. 2.7] 5,304] 6,177] 6,375] 5,879] 6.4] 74,773] 74,241
Broadwoven fabrics and
other textiles . 3,708] 3,754] 3,764] -1.2| -0.3) -2.7| 3,493) 3,711] 3,826/ 3,831] 8.8] 46,252) 46,097
Paper and allied products . 13,997] 13,922] 13.997] +0.5] -0.5|  -0.9| 13,491] 13,724] 14,175] 12,093] +11.6] 165,863] 137,969
Pulp, paper, and
paperboard mill products ......| 5,883] 5,831] 6,018] +09) 3.1] 2.7] 5,730) 5,791] 5,962} 5,005] +14.5] 71,736) 55,037
Paperboard containers and boxes ..| 3,838] 3,806] 3,808] +0.8] 0.1] -0.3] 3,558) 3,699] 3,922] 3,156] +12.7] 44,489] 36,096
Miscellaneous converted
paper products . ... 4276) 4,285| 4,171] -02) 42.7] +12} 4,203) 4,234) 4,291) 3,932] +6.9) 49,638] 46,836
Chemicals and allied products 30,799] 30,563] 30,850] +08] -0.9 +1.1] 29,596] 29,252] 30,149} 29,018) +2.0] 366,942) 341,522
Industrial chemicals . 16238] 16,157] 16213] +0.5] -0.3] -1.3] 15,069] 15,551] 16,007] 15,486] 2.7] 198,802} 179,846
Drugs, soaps, and toiletries. 10,955] 10.761] 10838} +18] -0.7] +44 11,514] 10,684) 10,934) 10,629] +8.3} 125,693] 122,262
Petroleum and coal products . 13326] 12,620] 12,198] +5.6] +3.5] -3.5] 12,871) 12,872] 12,896] 12,196) +5.5] 155,330} 144,380
Rubber and plastics products. 10,045| 9,963] 10,006] +08) | -0.4]  -1.0) 9,079] 9,513] 10,316] 9,064) +0.2) 120,132) 113,738
Ail other nondurable goods. 25,275] 24,862] 24,736] +1.7| +0.5| -0.9} 23,675] 26,018] 27,313] 22,624]  +4.6) 296,613) 283,211

T Preliminary. * Revised.

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

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