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.] Dee.

1998} 1998" 1998] Dec.| Nov.] Oct.] 19987] 1998" 1998 1997] 98/97

All manufacturing industries ..... | 466,900] 471,000] 471,031] — -0.9 0.0} +05] 456,189] 471,705] 471,645] 446,131] +23
Manufacturing industries

with unfilled orders... . . +» | 312,728] 315,446] 316459] 0.9] 0.3] +0.5| 303,308] 315,357] 316,425] 294,632] 42.9

without defense capital goods... | 446.985] 4si758] 451'954) “1.1 0.0] +05] 437,167) 452,640] 452,403} 429,438] +18

Durable goods industries . . 295,308 | 297,981 | 298,561 09]  -0.2] +06) 287,205] 298,755] 298,510] 278,766] +3.0

With unfilled orders : 271,139] 273,905] 274,859] -1.0} 0.3} 40.6] 263,222] 274,436] 275,050] 255;517] +3.0

Stone, clay, and glass Products 9,296] 9320} 9235} 03] = +09 0.0] 9082) 9,004] 8,894] 8,832] «+28

Primary metals 24,765] 24817] 24825] -02 0.0] 03] 24834] 24,722) 24,694] 24,785] +02

Blast furnaces, stee! mills. 12,101] 12,175] 12,312] -06] = Ll] 0.7] 12,342] 12,271] 12,350] 12017] 42.7

Iron and steel foundries

1574] 1,579] 1,576] 03] +02] «+04] = 1538] 1539] 1539] 1,523] +10
Nonferrous and other primary

metals... 2.0... ssse+] 11,090] 11,063) 10,937] 40.2] = +1.2] 40.1] 10,954] 10,912] 10,805] 11,245] 2.6
Fabricated metal products : 30,872| 31,134] 31,093 0.8] 40.1 +0.1] 30,287] 30,786] 30,767] 29,046) +43
Industrial machinery and equip: 60,495] 60,974] 60,811 08] +03 0.2] 58,380] 61,563] 60,710] 58,164] +04

Engines and turbines 3,808} 4,045] 3,959] -59] 42.2] -16] 3,541 4263} 4,067] 3,872] -8.5

Farm and garden machinery"

3,908 3,889 3,847 40.5 +L +16 4,077 3,948 3,620 3,735 49.2
Construction, mining and

material handling equipment . . 9,062 9,017 8,901 +0.5 +13 +11 8,859 9,005 8,832 7,970 +112
Metalworking machinery 7,844 7,812 7,829 +04 02 -16 7,345 7,729 7,920 6,901 +64
Computer and office equip 9,048 9,090 9,148 0.5 0.6 18 8,327 9,388 9,230 9,869 15.6

Electronic and other
electrical equipment ........... 39,977] 40,315} 40,589 08 07] +10] 38,575] 40,296] + 40,656] 39,102 -13
Electrical transmission and

distribution equipment and
industrial apparatus . . .
Household appliances . .
Electric lighting and
wiring equipment ............ 3,455 3,509] 3,538 “15 08} +11 3,269] 3,528] 3,570] 3,204] 42.0
Household audio and
video equipment ... .
Communications equipment
Electronic components . .

Transportation equipment .
Motor vehicles and parts
Aircraft, missiles,

space vehicles, and parts. .
Shipbuilding and tanks .

5,530 5,386 5,331 42.7 +10
2,416 2,437 2,440 09 0.1

5,406 5,424 5,353 5,495 1.6
2,177 2,369 2,375 2,044 +65

1,024 1,084 1,077 5.5
9,825 10,121 10,388 29
14,087 14,123 14,169 03
75,401 76,452 76,999 “14
17,464 17,240 16,755 +13

421 952 1,047 1,085 917 +38
+03 9,419 10,272 10,469 10,304 8.6
+13 13,887 14,098 14,177 13,778 +08
+17 72,715 77,276 77,643 66,877 +8.7
+03 16,897 17,299 16,765 15,568 +8.5

52,374 53,582 54,591
1,896 1,768 1,811

18 42.2 50,385 54,357 55,267 46,126 +9.2
24 18 1,869 1,755 1,786 1,644 +13.7

Instruments and related products .... | 26490] 26,679] 26,667 0.0] +03) 25,643] 26,829] 26,759] 25,143] +2.0
Search and navigation equipment 6,593] 6,701] 6,772 10] +10] = 6398] 6677] 6,708] 6391] 40.1
Measuring and controlling devices . 8,026] 7,993] 8,007 02{ 0.1 7,796| 7,997] 7,982] 7,791} +0.1
Medical instruments and supplies . 8,452| 8,583] 8,502 +10] 0.3) 8,257] 8.725] 98585] 97:97] 43.5
Photographic goods ........... 2,678| 2,661] 2,654 403) 0 +11 2455} 2683] 2,751] 2322] +5.7

Alll other durable goods ........ : 28,012] 28,290] 28,342 +0.6] 27,689] 28,279] 28,387] 26,817 43.3

Nondurable goods industries . .
With unfilled orders .. .

Food and kindred products.
Meat products ....

171,592] 173,019] 172,470
41,589] 41,541] 41,600
37,207] 37,264] 37,459

4,074] 4,044] 4,042

+04] 168,984] 172,950] 173,135] 167,365 +10
0.3 40,086 40,921 41,375 39,115 42.5
+0.9 37,417 38,812 39,453 37,301 +03
+03 3,842 4,002 4,038 3,736 42.8

Dairy products... . : 3,732] 3,804] 3,797 +06] 3,535] 3,696] 3,803] 3,303] +7.0
Beverages ............ 8346] 8,330] 8,206 +08] 8,264] 8528] 8.450) 7.871] + +5.0
All other foods, except fats and oils 19,175] 19,174] 19,371 +06] 19,861] 20,551] 21,052} 20,477] -3.0

Tobacco products . . sees 5,904 5,939 6,020 +41 6,298 6,144 6,154 6,149 424

Textile mill products 10,197} 10,194] 10,286 02] 9,746} 9,961] 10,095} 9,743 0.0
Broadwoven fabrics and

other textiles .......... ee 6358] 6,363] 6410] -0.1 0.7 0.0| 6130] 6,283] 6307] 6135] -0.1

Paper and allied products | 16470] 16,483] 16,511 0.1 02} 0.1] 16,330] 16,251] 16,260] 16,108] +14
Pulp, paper, and

paperboard mill products

6,759 6,746 6,766 +0.2 03 +0.5 6,704 6,686 6,667 6,493 +32

Paperboard containers and boxes . . 4121] 4,179] 4210] 14] 0.7] 0.6] 9 4n8] 4.077 4108] = 4,082} = +09
Miscellaneous converted
Paper products .............. 5,590) 5,558] 5,535 +04] 04] 5,508] 5,488] 5,485] 5,533 0.5
Chemicals and allied products 46,132] 46,875] 46,356 +11 40.1 45,602] 46,543] 45,792] 43,880 43.9
Industrial chemicals. 19,676] 19,872] 19,910 02] -15] 19,732] 19,649] 19632] 20,335 3.0

Drugs, soaps, and toiletries .
Petroleum and coal products
Rubber and plastics products . x
All other nondurable goods ....... 28,522 28,442 28,328

42.9 +13 20,079 21,255 20,566 18,195 +104
+12 +0.6 10,000 11,109 10,939 11,806 153
+11 +0.4 16,626 16,567 16,278 16,300 +2.0
+0.4 0.2 26,965 27,563 28,164 26,078 +34

* 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

380 380
New Orders
360 F- - - ~~ rr rrr rrr res Shipments |—1 360
340 340
320 320
300 F------------ 7-2-2 eee eee ee eee errr ee eee 300
280 1 L 1 il L 1 i 1 1 L L L 1 280
Dec Feb Apr Jun Aug Oct Dec Feb Apr Jun Aug Oct Dec
Dec. 1996 - Dec. 1998
Total Manufacturing
Ratio of Unfilled Orders and
Inventories to Shipments
1/S Ratios UO/S Ratios
2.5 3.7
2.4 +4 3.6
2.3 43.5
22-77 co tt tr tt rr rr rte 3.4
21 --- 7 ct rr rr rr rr tr rr rr rr rr rg 3.3

3.2
3.1
3

2.9
2.8
2.7
4 2.6
2.5
2.4

ee oan awn aan

Dec Feb Apr Jun Aug Oct Dec Feb Apr Jun Aug Oct Dec
Dec. 1996 - Dec. 1998

Note: Ail Charts based on seasonally
adjusted current dollars.


|

7
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. | Dee.
1998" | 198" 1998 | Dec. | Nov. | Oct. | 19987 | 1998" 1998 1997 | 98/97
UNFILLED ORDERS
All manufacturing industries... . 518,336 | 519,303 | 524,796 02] -10 | -1.0 | 513,129 | 514,816 | 522,765 | 531,558 35
Market categories :
Automotive equipment ...... 2,461 2418 | 2,382] +18] +15] +01 | 2411 2,348 | 2,358 | 2,487 3.1
Home goods and apparel 9,029 8,941 8,646 +10 43.4 43.5 8,309 8,591 8,643 8,559 2.9
Consumer staples ....... 23391 2,328 | 2,146 | 427] +85] -55 | 2354] 2260] 2100] 2050] +148
Machinery and equipment . 241,766 | 243,910 | 246,919 09 | 12 | -13 | 240,827 | 243;744 | 246,688 | 242,743 -0.8
Business supplies ............. 6810 | 6,891 | 6,733 AZ! +23 22 | 6585 | 6,718 | 6,584 | 6,432 42.4
Construction materials
and supplies 17,546 | 17,486 | 17,618 | +03] -0.7} -0.4 | 17,303 | 17,166 | 17,408 | 17,626 -18
Defense products . 90,218 | 90,167 | 91,620] +01] -1.6 | -0.7 | 90,323 | 98,298 | 89571 | 97'saa -14
Other materials, supplies and
and intermediate products ..... . 148,115 | 147,162 | 148,732 | +06} -1.1 -1.0 | 145,017 | 145,691 | 149,413 | 154,117 39
Durable goods industries :
Nondefense capital goods ° . . . 257,890 | 259,447 | 262,972 0.6 257,644 | 259,785 | 262,941 } 261,216 -14
Excluding aircraft and parts . 106,614 | 105,125 | 106,066 | +14 106,368 } 105,463 } 106,035 | 103,172 43.1
Defense capital goods ‘ . . . 95,129 | 95,040 | 96,337 | +0.1 95,019 | 92,961 | 94,174 | 102,216 -10
Durables excluding capital goods 141,368 | 140,642 | 141,450] +0.5 137,350 | 138,652 | 142,405 } 142,902 39
Miscellaneous series :
Producers’ durable equipment 281,150 | 283,823 | 286,440 09] 09] -11 | 279,518 | 283,446 | 286,521 | 283,114 “13
Household durable goods - | 5,522 | 5,479 | 5,430 | +08] +09] 427] 51143] si4io} 5,628 | 5,783 | -111
Information technology industries | 391525 | 30102 | 301837] +11 | ia] 06 39,284 | 39,289 | 39,967 | 37,970 43.5
Health care equipment
and products ........ 9,685 | 9,737 | 9,881 05} -15 | +04] 9,627} 9,888 | 10,089 | 8,467 | +13.7
TOTAL INVENTORIES
All manufacturing industries 466,900 | 471,000 | 471,031 09 0.0 +0.5 | 456,189 | 471,705 | 471,645 | 446,131 42.3
Market categories :
Automotive equipment... . 8,660 | 8577 | 8364 | +10] 425] +09] 8259] 8558] 8319 | 7,755 +65
Home goods and apparel 32,330 | 32,512 | 32345 06] +05 | +0.7 | 30846 | 31307 | 31,774 | 29226 45.5
Consumer staples ....... 72,888 | 73,913 | 73,416 14] 40.7] +11 | 72,437 | 73,477 | 75,293 | 71.473 +13
Machinery and equipment . . . 117,673 | 120,435 } 121,725 23] -L1 | +09 | 113,332 | 122,048 | 122,161 | 111,413 417
Business supplies ....... 28,248 | 28,310 | 28,315 02 0.0] -06 | 27,260] 28,205 | 28.445 | 26,644 423
Construction materials
and supplies : 28,701 | 28,946 | 28,973 08 | 0.1 | +05 | 28,135 | 28,658 | 28,663 | 27,689 +16
Defense products ............ 19,370 | 18,839 | 18,764 | +28] +04] +14} 18,603 | 18,662 | 18898} 16442] +131
Other materials, supplies and
and intermediate products ..... . 159,030 | 159,468 | 159,129 03] +02 0.0 | 157,317 | 158,790 | 158,092 | 155,489 +12
Durable goods industries :
Nondefense capital goods * 109,732 | 112,381 | 113,708 24] -12 | +08 | 105,531 | 113,974 | 114,349 | 104,787 +0.7
Excluding aircraft and parts 70,837 | 71,713 | 71,729 “2 0.0 0.0 | 67,858 | 72,398 | 71,880 | 69,237 -2.0
Defense capital goods * : 19,915 | 19,242 | 19,077 43.5 +09 +1.6 | 19,022 | 19,065 | 19,242 | 16,693 +14.0
Durables excluding capital goods 165,661 | 166,358 | 165,776 04] +04 | +04 | 162,652 | 165,716 | 164,919 | 157,286 43.4
Miscellaneous series :
Producers’ durable equipment . . 190,336 | 193,333 | 194,481 -0.6 | +06 | 184,221 | 194,503 | 194,599 | 179,571 426
Household durable goods ... .. . 16,440 | 16,633 | 16,556 40.5 +1.0 | 15,727 | 16,286 | 16,429 | 14,549 +8.1
Information technology industries 31,916 | 32,324 | 32,672 “ll -0.3 | 30,247 | 32,777 | 32,841 | 32)528 -1.0
Health care equipment
and products... 2.0... .. 00, 19,658 | 20,093 | 19,692 22] +20] 40.7 | 19,139 | 20,234 | 19,723 | 17,853, 472

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’
FO)

IR 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. | Dee.
198°} 1998] 1998] Dec.} Nov.] Oct.] 1998°} 1998] 1998] 1997] 98/97] 998°] 1997
SHIPMENTS
All manufacturing industries 344,496] 341,423] 340,133] +09} +0.4) 0.1] 342,652] 341,167] 350,525] 332,383] — +3.1] 4,052,605 |3,929,419
Market categories :
Automotive equipment ........ 15,609] 15,221] 15,238] +25] 0.1] +0.5] 13,813] 15,723) 17,281] 12,886) +7.2} 174,914] 169,145,
Home goods and apparel 19,253] 18,692] 18,496] 43.0] +1.1]  -0.9] 17,327] 19,421] 20,595] 17,016] +1.8] 226,999] 220,994
Consumer staples 70,647] 69,370} 68,901] +1.8} +0.7} 1.4) 71,372] 70,000] 71,153] 68,737] +3.8] 831,099] 809,598
Machinery and equipment 67,394] 66,847{ 66,717] +0.8} +02} +0.3| 74,685] 65,851] 66,124] 69,124] +8.0] 776,560] 711,993
Business supplies 25,778] 25,506] 25,444] +1.1] +02] +0.1] 25,489] 26,017] 26,308) 25,523] -0.1] 306,075] 302,490
Construction materials
and supplies 22,295] 21,914] 21,719] +1.7} +09} +0.1] 20,601] 21,480) 22,944] 19,325] +6.6] 260,188] 252,549
Defense products .. . - 6,827] 7,250} 7,269] -5.8)  -0.3] +5.7} 7,700] 7,364) 7,184] 7,388] +4.2) 83,226] 79,523
Other materials, supplies and
and intermediate products... .. . 116,693] 116,623] 116,349} +0.1] +0.2] +0.1) 111,665} 115,311] 118,936] 112,384] —-0.6] 1,393,544 ]1,383,127
Durable goods industries :
Nondefense capital goods ° 54,070] 54,200] 53,870] -0.2| +0.6,  +0.8] 63,396) 52,882] 51,412] 58,116] +9.1] 624,499] 563,933
Excluding aircraft and parts 45,512] 44,716] 44,985] +1.8] -0.6] 0.1] 52,923] 43,142) 43,008] 48,786] +8.5] 528,989] 483,149
Defense capital goods‘ ........] 6517] 6,954] 7,068] -6.3) 1.6] +7.0) 7,544] 7,152) 7,003) 7,100] +6.3) 79,630) 75,194
Durables excluding capital goods . | 135,166] 133,669] 132,880] +1.1] +0. 0.0] 127,418] 134,638] 140,710] 121,931] +4.5] 1,571,936 1,519,572
Miscellaneous series :
Producers’ durable equipment .. . . | 128,597] 127,091] 126,474] 41.2} +0.5]  +0.4) 131,953] 127,037] 129,912] 122,721] +7.51 1,477,159 11,383,145
Household durable goods .......] 9,788] 9,416) 9,244} +4.0] +19} +0.1! 9,597] 9,886] 10,080] 9,096] +5.5) 112,418] 106,074
Information technology industries . | 25,254] 25,696] 25,285} -1.7] +1.6] 0.5] 32,322] 25,047] 23,285] 30,192] +7.1) 297,917] 270,844
Health care equipment
and products ............... 12,896] 12,320] 11,879] +4.7] 43.7] -4.1] 14,017) 12,081] 11,836] 12,456] +12.5] 144,291] 132,540
NEW ORDERS
All manufacturing industries 343,529] 335,930] 334,663] +23] +0.4) 1.7] 340,965] 333,218] 347,900] 330,612) — +3.1 1 4,034,176 3,952,025,
Market categories :
Automotive equipment . . 15,652} 15,257] 15,241] 42.6} +0. +0.1) 13,877] 15,713] 17,276] 12,917 +74} 174,840] 169,310
Home goods and apparel 19,341] 18,988] 18,786] +19} +1.1] 0.0] 17,045] 19,368) 20,725] 16,609) +2.6 226,750) 222,405
Consumer staples 70,710} 69,552] 68,776] +1.7} +1.1]  -1.6| 71,467] 70,159] 70,795] 68,743] +4.0 831,404] 809,563
Machinery and equipment 65,250] 63,839] 63,403] +2.2) +07} -6.5| 71,768] 62,907] 63,425] 66,086] +8.6) 774,645] 729,607
Business supplies . 25,697] 25,664) 25,291] +0.1] +1.5] -0.6] 25,356] 26,152) 25,897] 25,306] +0.2] 306,228] 302,437
Construction materials
and supplies ..... 22,355] 21,783) 21,655] +26) +06] +1.2| 20,737] 21,239] 22,690] 19,470] +6.5} 259,864] 253,766
Defense products ......... 6,878| 5,797] 6,662] +18.6] -13.0] -10.8) 9,726] 6,091] 6,119] 9,957] -2.3] 76,005] 72,066
Other materials, supplies and
and intermediate products 117,646] 115,050] 114,849} +23] +0.2|  +0.4| 110,989] 111,589] 120,973] 111,524] -0.5] 1,384,440 ]1,392,871
Durable goods industries :
Nondefense capital goods’ ......] 52,513] $0,675] 50,138] +3.6] +1.1] -6.4) 61,255] 49,726] 48,453] 55,048) +11.3} 620,927] 577,978
Excluding aircraft and parts. 47,001] 43,775] 43,030] +7.4) +1.7}  -9.7) $3,828] 42,570] 41,826] 47,948] +123] 532,185] 490,101
Defense capital goods * ..... 6,606] 5,657] 6,353 +168) -11.0] -9.8} 9,602 5,939] 5,735] 9,797] -2.0) 72,433] 67,706
Durables excluding capital goods . | 135,892] 132,861] 132,032 +2.3| +0.6| — -0.1] 126,116] 130,885] 143,345] 120,759] +4.4] 1,566,384 1,535,024
Miscellaneous series :
Producers’ durable equipment . 125,924] 124,474] 123,187] +12] +1.0) — -4.1) 128,025] 123,962] 127,504] 119,866] —_+6.8] 1,473,563 |1,405,864
Household durable goods . --| 9,831] 9,465] 9,387] +3.9] +0.8/ +1.1) 9,330] 9,668] 10,266) 8,680} -+7.5] 111,778} 107,403
Information technology industries . | 25,677] 24,961] 25,062| +29] -0.4]_ -2.3] 32,317] 24,369} 23,198] 29,379] +10.0] 299,231] 272,605,
Health care equipment
and products ............ 12,843] 12,176] 11,922] +5.5] 42.1) -5.2} 13,756] 11,880] 12,228] 12,441] +106} 145,454] 133,451

” Preliminary. * Revised.

' Topical series are regroupings of the separate industry categories.

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

) Nondefense capital goods industries include : ordnance and accessories; steam, gas and hydraulic turbines; internal combustion engines; construction, mining, and material
handling equipment; metalworking machinery; special industry machinery; general industrial machinery; computer and office equipment, refrigeration, heating and service
industry machinery; electrical transmission and distribution equipment; electrical industrial apparatus; communications equipment; aircraft, missiles, space vehicles, and engines

and parts; ships and tank components; railroad equipment; and search and navigation equipment.

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

See note at end of table 2 relating to survey 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 Dec. Nov. Oct. Sept. Dec. Nov. Oct. Sept.
1998" 198° 1998 1998 1998” 1998" 1998 1998
All manufacturing industries... . 136 138 138 1.38 2.61 261 2.66 2.70
Durable goods industries ...... 151 1.53 1.34 1.34 3.06 3.06 3.12 3.17
Stone, clay, and glass products 112 13 13 114 0.79 0.79 0.81 0.83
Primary metals . : 1.73 1.74 1:70 1.67 2.09 2.08 2.01 2.05
Fabricated metal pr . 150 153 134 1:53 133 135 137 1:38
Industrial machinery and equipment . 1.63 1.66 164 1.66 2.10 2.09 2.10 217

Electronic and other

electrical equipment. 121 126 1.24 1.80 1.83 1.87 1.83
Transportation equipment... ... 1.58 1.60 1.62 914 8.81 9.09 9.68
Instruments and related product a 1.83 1.90 1.86 3.27 3.27 3.42 3.39

Nondurable goods industries... . . . LAS 1.18 1.16 0.65 0.65 0.65 0.66
Food and kindred products . . . : 0.89 091 0.90 (x) (x) (x) &)
Tobacco products 157 1.74 1.64 (Xx) (X) (x) (X)
Textile mill products .. . . 1.56 1.57 159 (NA) (NA) (NA) (NA)
Paper and allied products... . . 121 1.23 1.22 (NA) (NA) (NA) (NA)
Chemicals and allied products 138 1.45 1.42 (xX) &) &) &
Petroleum and coal products : 0.93 0.94 091 (x) () & &)
Rubber and plastics products .....- 1.25 1.26 1.25 &) & &® &

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

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

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

Shipments New orders Unfilled orders Inventories
Industry
Dec. Dec. Dec, Dec,
Dec? | 1997- Dec? | 1997- Dec? | 1997- Dec? | 1997-
Dec! | 1993-] Nov. | Dec.' | 1993-] Nov. | Dec.!] 1993-] Nov. | Dec.! | 1993- ] Nov.
1998 | 1997] 1998] 1998} 1997] 1998] 1998] 1997] 1998] i998 | 1997] 1998
All manufacturing industries ...... (x) 02 02 (xX) 03 02 (X) 0.1 0.1 (xX) 01 0.0
Durable goods industries .......... 0.1 02 03 12 04 03 0.5 0.1 0.1 (x) 0.2 0.1
Stone, clay, and glass products . (X) 03 03 (x) Ll 0.5 (X) 08 05 (X) 0.2 0.1
Primary metals ........ 0.2 07 03 07 07 07 05 03 02 &) 02 0.
Fabricated metal products ........ (xX) 0.7 03 (x) 0.6 0.4 (xX) 0.5 0.2 (X) 03 0.1
Industrial machinery and equipment . 0.2 04 03 0.5 04 03 03 01 01 (xX) 0.1 0.1
Electronic and other

clectrical equipment ......... : 0.6 05 05 03 05 1d 03 02 0.5 &) 0.2 02
Transportation equipment .........] 9.5 06 07 29 17 09 0.7 03 0.0 (xX) 06 02
Instruments and related products : (xX) 0.4 0.5 (x) 14 12 (xX) 02 02 (X) 03 0.1
Nondurable goods industries ... . : (X) 02 0.1 (xX) 03 0.1 (X) 03 0.1 (xX) 0.1 0.0
Food and kindred products... .. . &) 03 01 &) e) Oa) & & (9) (x) Ol 01
Tobacco products ....... seT XY 0.0 0.0 (&) (x) (x) &) (x) x) (X) 0.0 0.0
Textile mill products (xX) 0.7 04 (X) (NA) (NA) (X) (NA) (NA) (X) 04 0.2
Paper and allied products &) 02 02 (X) | (NA) | (NA) (%) | Na) | (NA) (xX) 02 O14
Chemicals and allied products (x) 02 03 (x (xX) (xX) (xX) (X) (X) (X) 0.1 01
Petroleum and coal products (X) 0.6 0.2 (X) (x) (x) (Xx) (X) (X) (Xx) 07 04
Rubber and plastics products. (x) 03 01 &) &) (x) (x) &) (x) &) 02 0.0

Capital goods industries :
Nondefense oa 0.2 03 03 2.6 07 04 0.5 02 0.1 (xX) 0.5 0.1
Defense . 3.1 1.0 0.6 8.1 8.2 22 1.0 04 01 (xX) 0.6 0.2

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

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

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


CURRENT INDUSTRIAL REPORTS

Manufacturers’ Shipments,
Inventories, and Orders

Sarg F

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

December 1998
M3-1-(98)-12
For Wire Transmissions 10:00 a.m. E.S.T. February 4, 1999

For Questions - Kathy Menth or Lee Wentela
(301) 457-4804 or (301) 457-4852

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

Summary

New orders for manufactured goods in December increased
$7.6 billion or 2.3 percent to $343.5 billion, the Department of
Commerce, Bureau of the Census reported today. This follows a 0.4
percent November increase and is the sixth increase in the last seven
months. Excluding transportation, new orders increased 2.3 percent,
the third increase in the last four months. New orders for 1998 are
2.0 percent above 1997.

Shipments increased $3.1 billion or 0.9 percent to $344.5
billion, following a 0.4 percent November increase. This is the sixth
increase in the last seven months. Shipments for 1998 are 3.1
percent above 1997.

Unfilled orders, down seven of the last eight months,
decreased $1.0 billion or 0.2 percent to $518.3 billion, following a
1.0 percent November decrease. The unfilled orders-to-shipments
ratio was 2.61, unchanged from November.

Inventories decreased $4.1 billion or 0.9 percent to $466.9
billion. This is the second consecutive monthly decline following 10
consecutive monthly increases. The inventories-to-shipments ratio
was 1.36, down from 1.38 in November.

New Orders

New orders for manufactured durable goods in December
increased $5.8 billion or 3.1 percent to $195.0 billion, revised from
the previously published 1.9 percent increase. This follows a 0.4
percent November increase and is the sixth increase in the last seven
months.

Industrial machinery and equipment, up three of the last four
months, had the largest increase, $2.6 billion or 7.4 percent to $38.2
billion. This follows a 0.3 percent November increase. Electronic
and other electrical equipment, up three of the last four months,
increased $1.1 billion or 3.6 percent to $33.1 billion. This follows
a 4.2 percent November decrease. Transportation equipment, up for
the second consecutive month, increased $0.8 billion or 1.8 percent
to $45.8 billion; all categories increased except aircraft and parts.
This follows a 0.3 percent November increase. Primary metals,
down three of the last four months, decreased $0.2 billion or 1.3
percent to $14.4 billion, following a 9.3 percent November increase.

New orders for nondurable goods, up three of the last four
months, increased $1.8 billion or 1.2 percent to $148.5 billion. This
follows a 0.4 percent November increase. Chemicals and allied
products had the largest increase.

Shipments

Shipments of durable goods in December increased $0.9 billion

or 0.5 percent to $195.8 billion, revised from the previously

ublished 0.4 percent increase. This follows a 0.5 percent November
Increase and is the seventh consecutive monthly increase.

Electronic and other electrical equipment, up six of the last
seven months, had the largest increase, $0.4 billion or 1.3 percent to
$33.1 billion, following a 1.3 percent November increase. Industrial
machinery and equipment, up three of the last four months, increased
$0.4 billion or 1.2 percent to $37.0 billion. This follows a 1.0
percent November decrease. Transportation equipment, down for
the first month since July, decreased $0.6 billion or 1.1 percent to
$47.8 billion. This follows a 0.6 percent November increase.

Shipments of nondurable goods, up for the second consecutive
month, increased $2.1 billion or 1.5 percent to $148.7 billion,
following a 0.2 percent November increase. Chemicals and allied

oducts, up three of the last four months, had the largest increase,
$1.0 billion or 3.0 percent to $33.5 billion, following a 1.8 percent
November increase, Food and kindred products and tobacco products
each increased $0.4 billion.

Unfilled Orders

Unfilled orders for durable goods in December decreased $0.7
billion or 0.1 percent to $494.4 billion, revised from the previously
published 0.6 percent decrease. This follows a 1.1 percent November
decrease and is the seventh decline in the last eight months.
Transportation equipment, down seven of the last eight months, had
the largest decrease, $1.9 billion or 0.8 percent to $243.0 billion.
This follows a 1.3 percent November decrease. Industrial machinery
and equipment, up for the first month since September, increased
$1.2 billion or 1.6 percent to $74.3 billion, following a 1.4 percent
November decrease.

Inventories

Inventories of durable goods in December decreased $2.7
billion or 0.9 percent to $295.3 billion, following a 0.2 percent
November decrease. This is the second consecutive decrease.
Transportation equipment, down three of the last four months,
decreased $1.1 billion or 1.4 percent to $75.4 billion, following a 0.7
percent November decrease. Industrial machinery ‘and equipment,
down three of the last four months, decreased $0.5 billion or 0.8
percent to $60.5 billion. This follows a 0.3 percent November
increase. Electronic and other electrical equipment, down three of
the last four months, decreased $0.3 billion or 0.8 percent to $40.0
billion, following a 0.7 percent November decline.

Inventories of nondurable goods, down for the first month since
August, decreased $1.4 billion or 0.8 percent to $171.6 billion,
following a 0.3 percent November increase. Chemicals and allied

oducts, down for the first month since September, decreased $0.7
illion or 1.6 percent to $46.1 billion, following a I.1 percent
November increase.

By stage of fabrication, December finished goods decreased 0.1
percent in durables and 0.5 percent in nondurables. Work in process
decreased 1.0 percent in durables and 1.8 percent in nondurables.
Materials and supplies decreased 1.5 percent in durables and 0.8
percent in nondurables.

Our internet address is: http://www.census.gov/indicator/www/m3

‘The advance report on durable goods for January is scheduled for February 25, 1999 at 8:30 a.m. and the full report on March 4, 1999 at 10:00 a.m. For sale by the Superintendent of
Documents, U.S. Government Printing Office, Washington, DC 20402. See back page for 1999 Release Dates. This report is available on the day of issue through the Department of

Commerce's online Economic Bulletin Board (N-8-1) (202-482-3870).


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

New Orders ~
B2F) ef N\--- eee = - 452
Shipments
47D --- ++ eer - eee 447
a
42P--- +2 eee eee eee eee eee eee eee eee eee +442
87 P- ~~~ eee eee eee eee ee eee eee ee -| 37
L 1 1 L 1 L L 1 1 i L il 1.

Dec Feb Apr Jun Aug Oct Dec Feb Apr Jun Aug Oct Dec
Dec. 1996 - Dec. 1998

Defense Capital Goods
New Orders and Shipments

Three Month Moving Averages

Billions of Dollars
10 10

New Orders

Dec Feb Apr Jun Aug Oct Dec Feb Apr Jun Aug Oct Dec
Dec. 1996 - Dec. 1998

Note: All Charts based on seasonally
adjusted current dollars.


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

BY INDUSTRY GROUP
(Millions of dollars)

Seasonally adjusted

Not seasonally adjusted

Industry Monthly Percent Change Monthly Percent
change
Dec. Nov. Oct. | Nov.- | Oct- | Sept.- Dec. Nov. Oct. Dec. | Dec.
199g? | 1998" 1998 | Dec. | Nov. | Oct. | 1998" | 1998" 1998 1997 | 98/97
MATERIALS AND SUPPLIES
All manufacturing industries 153,949 | 155,862 | 156,036 AQ} -O1 -0.1 | 153,613 | 155,775 | 156,447 | 150,949 | +1.8
Durable goods industries ......... | 91,686 | 93,115 | 93,345 02 | +01 | 91,377 | 93,671 | 93,872 | 89,683 +19
Stone, clay, and glass products « 3134] 3148 | 311i +12 | 08 | 3146] 3.150 | 3.113 | 3,020] +42
Primary metals ........ 7845 | 7'917 | 7:93 02 | -18 | 8133 | 8089 | 8102 | 8,177 05
Fabricated metal products : | 10390 | 10,661 | 10,746 08 | -09 | 10523 | 1o61t | 10,711 | 10,404} +11
Industrial machinery and equipment | 19,899 | 19,795 | 19,581 +11 | 08 | 19,453 | 19/909 | 19,621 | 18,876 | 43.1
Electronic and other
electrical equipment . . 15,481 | 15,709 | 15,921 13 | 420] 15,206 | 15,708 | 16,039 | 15,267 -04
‘Transportation equipment 14995 | 15,604 | 15,603 0.0 00 | 147859 | 15;598 | 15,482 | 14378 | +33
Instruments and related products - 91042 | 9,228 | 9,281 06} +03 | 8874] 91179 | 91257 | 8,605 43.1
Lumber, furniture and
miscellaneous durable goods . .. . . 11,053 | 11,169 -1o | +12] iss | 11,427 | 11,547 | 10,956 | +21
Nondurable goods industries . 62,747 | 62,691 40.1] 02 | 62,236 | 62,104 | 62,575 | 61266 | +16
Food and Kindred products « 11215 | 11,406 17} 08 | 11368 | 11348 | 11:713 | 11,083 +26
Tobacco products... 53136 | 5,228 18 | +42 | 409 | 5,053 | 5.18: 5.283 | +24
Textile mill products’) * |: 2896 | 2/957 21] -11 | 2847] 2795 | 2/863 | 2/915 23
Paper and allied products... : 7968 | 7/992 03 | -08 | 8024] 7896 | 7970] 7899] +16
Chemicals and allied products 15,521 | 15,535 01 | -03 | 15328 | 15390 | 15,481 | 14,606 +49
Petroleum and coal products 31613 | 3,243 +14 | 07 7094 | 3583 | 3.241 | 3,698 | -163
Rubber and plastics products 6989 | 6,903 +12] +10] 7,000 | 6905 | 6798 | 6,620} +57
Apparel printing, and publish
and leather goods . : 9,409 | 9,427 02] -18 | 9,166] 9,134 | 9,325 | 9,162 0.0
WORK IN PROCESS
All manufacturing industries 150,606 } 152,304 | 152,848 Ll] 04] +14 | 145,846 | 153,935 | 154,277 | 142,289 | +2.5
Durable goods industries ......... 121,345 | 122,509 | 123,446 08 | +11 | 117,194 | 123,475 | 123,982 | 113,381
Stone, lay, and glass products . 1383 | 1365 | "1.356 40.7 | +13 | 128 1260 | “1,282 | 1,190
Primary metals... 81626 | 8,672 | 8,604 +08 | +03] gsit} 8540] 8514 | 8,713
Fabricated metal products | 9153 | 9222 | 91135 +10 | +14] (8950 | 9,251 | 91159 | 8,464
Industrial machinery and equipment | 22,486 | 22,758 | 22,828 03 | +01 | 21494 | 23,103 | 22946 | 21,853
Electronic and other
electrical equipment . . . 13,730 | 13,914 | 14,112 “14 0.0 | 13,265 | 13,939 | 14,093 } 13,824
Transportation equipment . 50,650 | 51,254 | 52,225 -19 | +22 | 48951 | 52,094 | 52,895 | 44,724
Instruments and related products - 10,019 | 10,012 | 9.93 407] +10] 91592 | 10,055 | 9,867 | 9,535
Lumber, furniture and
miscellaneous durable goods ... . . 5,298 | 5,312 | 5,247 +12] 09] 5142] 5,233 | 5,226 | 5,078
Nondurable goods industries . . 29,261 | 29,795 | 29,402 +13 | +08 | 28,652 | 30,460 | 30,295 | 28,908
Food and kindred products 5,761 724 588 424] 43.0 | 6,194 377 | 6,352 | 6,316
Tobacco products... 94 92 92 oo] 98 88 105 106 91
Textile mill product 2,611 | 2,621 | 2,644 09} 02] 2,519] 2,613 | 2,650 | 2,639
Paper and allied produc 1658 | 1579 | 1551 +18] -10 | 1665 | 1500 | 1485 1,672
Chemicals and allied products 8571 | 9,164 | 8,773 445 | 418] 8362] 9190] 8.719 | 8117
Petroleum and coal products 2349 | 2,451 | 2,627 67) 02} 2204] 2479} 2681 | 2,530
Rubber and plastics products. 2212 | 2/237 | 21195 +19 | 07] 2174 | 2.275 | 2216 | 2194
Apparel, printing and publishing
and leather goods .......... 600s | 5927] 5932] +13] 01] 05] 5,446] 5,921 | 6,086 | 5,349
FINISHED GOODS
All manufacturing industries 162,345 | 162,834 | 162,147 | -03 | +04] +06 | 156,730 | 161,995 | 160,921 } 152,893
Durable goods industries ......... 82,277 | 82,357 | 81,770 | -01 | +07} +05 | 78,634 | 81,609 | 80,656 | 75,702
Stone, clay, and glass products’. 43779 ;807 | 4,768 0.6 | +08] +01 647 | 4,594 | 4,499 | 4,622
Primary metals... . 8204 | 8228 | 8288 | +08} -07] +05] 8190] 8,093 | 8078 | 7,895
Fabricated metal products 2} 1329 | 11251 | 11212 | 407] 403 | +01 | 10814 | 10924 | 10,897 | 10,178
Industrial machinery and equipment | 18,110 | 18421 | 18402 | -17| 40.1 0.0 | 17,433 | 18,551 | 18,143 | 17,435
Electronic and other
electrical equipment . 10,766 | 10,692 | 10,556 | +07] +13] +09] 10,106 | 10,649 | 10,524 | 10,011
Transportation equipment ........ | 9,756 | 9594] 9171 | +17] +46] 420] 8905 | 9,584] 9,266 | 7,775
Instruments and related products |:: | 7,429 | 7,439 | 7,447) -0.1] 01] -O5} 7,177 | 7,595 | 7,635 | 7,003
Lumber, furniture and
miscellaneous durable goods 11814 | 11,925 | 11,926 | -09 oo | +06] 11,362 | 11,619 | 11,614 | 10,783
Nondurable goods industries 80,068 | 80,477 | 80,377 05} +01 | +07 | 78,096 | 80,386 | 80,265 | 77,191
Food and kindred products 20,173 | 20,325 | 20,465 0.7] -07| +14] 19855 | 21,087 | 21388 | 19902
Tobacco products. . 715 7 700 | +06) +16] +57 801 986 364 775
Textile mill products 4683 | 4,677 | 4685 | +01] -02] +04] 4380] 4,553 | 4,582 | 4,189
Paper and allied products - 6835 | 6936 | 6968} -15] -05] +10} 6641 | 6,855 | 6.805 | 6,537
Chemicals and allied products 22062 | 22,190 | 22048] -06 | +06] -03 | 21,912 | 21963 | 21,592 | 21,157
Petroleum and coal products 86 4901 | 4962 | -07]| -12 | +18 | 4,702 | 5,047 | “5,017 57
Rubber and plastics products: 7635 | 7,631 | 7580] +01 | +07] +02} 7,452 | 71387 | 7,264 | 7,486
Apparel, printing and publishing
and leather goods ......... 0... 13,098 | 13,106 | 12,969 | -o.1 | +11 | +12] 12,353 | 12,508 | 12,753 } 11,567

° 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

(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.
198” 198° 1998] Dec.} Nov.] Oct. 1998” 1998" 1998 1997] 98/97
All manufacturing industries... . . 518,336] $19,303] 524,796] 02] -1.0] 1.0] 513,129] 514,816] 522,765] 531,558] 3.5
Manufacturing industries
without defense capital goods ..... 423,207] 424,263 | 428,459 0.2 1.0 1.1} 418,110] 421,855] 428,591] 429,342 2.6
Durable goods industries ......... 494,387| 495,129] 500,759) -0.1 “ll -1.0} 490,013] 491,398] 499,520] 506,334) = -3.2
Stone, clay, and glass products . 6239] 6249] 6290] -02] -07) -17] 6118] 6,068] 6,178] 6,176] -0.9
Primary metals ............ 29816| 29,689] 29388] +04] +10) 4.1] 29,041] 28,076] 27,850] 34,338] -15.4
Blast furnaces, steel mills 11,529] 11,458] 11,437] +06] = 40.2] = 6.7] 11,124] 10,667] 10,633] 14,358] -22.5
Iron and steel foundries 3563] 5,594] 5,541 -06{ +10] +03] 5436] 5,382] 5,340] 5,476} -0.7
Nonferrous and other primary
metals... 0... 0... 12,724] — 12,637| 12,410 . 35] 12,481] 12,027] 11,877] 14,504] -13.9
Fabricated metal products -» | 25,849] 25,957] 26,137 ; 03} 25,447] 25,507] 25,944] 26,350] -3.4
Industrial machinery and equipment . | 74/259] 73,092] 74,122 : -2.0| 74302] 73,622] 74.156} 73,425) 41.2
Engines and turbines .......... 18,078] 16,658] 16,763} +8.5 423) 18,723] 17,423] 17,325] 12,534] +49.4
Construction, mining and
material handling equipment 9771] 9,750] 9,968 34] 9,611 9.410] 9,689] 10,366] 73
Metalworking machinery 6388] 6,758] 6,894 5 341 6,388] 6,758] 6,894] 7,149] -10.6
Computer and office equipment 8,146] 7,626} 7,745] 46.8 32] 7.929] 7,850) 7,885] 7,632) +3.9
Electronic and other
electrical equipment ........... 59,678} 59,677] 60,378 oo| -12| +19] 57,434] 59,822] 62,795] 53,306] -+7.7
Electrical transmission and
distribution equipment and
industrial apparatus .......... 6343] 6366] 6435] 04] -1.1] +06] 6,165] 6,249] 6,374] 6,518] 5.4
Electric lighting and
wiring equipment ............ 5,039] 4,919} 5,006 +04] 5,039] 4,919] 5,006] 4,927] 42.3
Communications equipment 17,034] 17,290} 17,510 +23] 17,058] 17,293] 17,500] 14,331] +19.0
Electronic components 25,020) 24,982} 25,526 42.1] 23,288} 25,422] 27,937| 21,540] +81
Transportation equipment . 242,998 | 244,947] 248,247 -13| 242/509] 243,188] 246,459] 254517] 4.7
Aircraft, missiles,
space vehicles, and parts. . 204,911] 208,629] 211,882 -1.5| 204,547] 207,056] 210,264] 218,120) -6.2
Shipbuilding and tanks . 18,689 17,936} 18,465 42.7 18,624 17,992 18,511 18,430 +11
Instruments and related products .... | 47,354] 47,407] 48,004 -08| 47,482] 46,979] 47,651] 50,129] -5.3
Search and navigation equipment . | 26,314] 26,588] 26,982 -16] 26,544] 26,079] 26,447] 29,243 9.2
Measuring and controlling devices . 10,364] 10,095} 10,214 0.0] 10,364] 10,095] 10,214] 10,853 4.5
Medical instruments and supplies 9,644] 9,697] 9,841 +04] 9588] 9847] 10,047] 8,424] +13.8
All other durable goods . . . . : 8194) 8111 8,193 +0.8| 7,680) 8136] 8,487] 8,093 “51
Nondurable goods industries ....... 23,949} 24,174] 24,037} 0.9] = 40.6] = 0.7] 23,116] 23,418] 23,245] 25,224} 8.4

? 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

Dec. Nov. Oct. | Nov.- | Oct | Sept.- Dec. Nov. Oct. Dec, Dec,
1998" 1998" 1998] Dec.} Nov.] Oct.| 1998? 1998" 1998 1997 | 98/97 1998" 1997

All manufacturing industries .. . . . 343,529] 335,930] 334,663] +23] +0.4| — -1.7] 340,965] 333,218] 347,900] 330,612] — +3.1| 4,034,176 |3,952,025

Manufacturing industries
with unfilled orders... .

i . tee 197,855] 193,166] 191,874) +2.4) +0.7 -2.3] 202,896] 191,627] 198,008} 194,159 +4.5] 2,316,275 [2,238,092
without defense capital goods . .

336,923} 330,273) 328,310) +2.0) +0. 1,5) 331,363] 327,279} 342,165] 320,815: +3.3 | 3,961,743 [3,884,319

Durable goods industries...
With unfilled orders

Stone, clay, and glass products . .

Primary metals .......
Blast furnaces, steel mills .
Iron and steel foundries :
Nonferrous and other primary
metals... 2.0... eee eee eee 7,417 7,447] 6,927

Fabricated metal products ........| 20,496] 20,235] 20,095

Industrial machinery and equipment .| 38-216] 35.593] 35,503

195,011] 189,193] 188,523,
161,024] 156,038] 155,276
8,298) 8,195] 8,038}
14,402} 14,587) 13,343
5,444) 5,572] 4,912;
1,541 1,568) 1,504)

196,973] 186,550] 197,533] 185,604) +6,1} 2,259,744 |2,180,708
166,633) 153,555} 160,816] 156,755 +6.3| 1,869,004 |1,798,753
7,405 7,934 8,520] 6,697] +10.6} 96,088] 89,893
14,003] 14,140} 13,123] 15,307] 8.5] 175,717] 193,987
5,362) 5,353 4,798 6,603} 18.8 69,538} 79,481
1,373} 1,515! 1,570 1,486} -1.6 18,051 17,993

7,268) 7,272) 6,755] 7,218) +0.7 88,128] 96,513
19,117] 19,790] 21,088] 17,889} +69] 238,789] 228,567
40,946] 33,930] 34,785) 37,061) +10.5) 443,296] 409,215

Engines and turbines .......... 3,766| 2,308] 2,769) 4,224] 2,457) 2:994] 2,263] +86.7] 33,375] 23,687
Construction, mining and
material handling equipment ....] 4,004] 3,817] 3,748] +4.9] +1.8) -4.01 4,007] 3,486] 3,839] 4,317] -7.2| 49,640] 47,512
Metalworking machinery .......] 3,359] 3,567] 3,379] -5.8| +5. +19) 3,588] 4,010) 3,641] 3,184] +127] 41,549] 40,194
Computer and office equipment ... | 11,573] 10,944] 10,948] +5.7} 0.0, +0.7}, 14,742] 10,135) 9,522] 12,412] +18.8] 130,165] 108,986
Electronic and other
electrical equipment ......... -{ 33,071] 31,933] 33,348) 43.6) -4.2) +1.5] 34,672] 31,022] 37,676] 31,579] +9.8] 380,196] 356,557

Electrical transmission and
distribution equipment and
industrial apparatus ........... 3,783] 3,536] 3,647) +7.0] -3.0, -5.9) 3,711] 3,342] 3,641] 3,579} = +3.7] 43,786] 41,251
Electric lighting and
wiring equipment .......
Communications equipment
Electronic components
Transportation equipment . . .
Aircraft, missiles,
space vehicles, and parts. .....] 8,131] 9,962] 9,637] -18.4] +3.4] +5.81 11,952] 10,449] 8,842] 12,388] -3.5] 124,426} 124,151
Shipbuilding and tanks... . 1,724] 754) 1,936] 128.6] -61.1] -8.11 —1,799| 803] 1,939] 2,044) -12.0| 12,560} 9,635
Instruments and related products . 14,423] 13,920] 13,642] +3.6] +2.0]  -5.3| 16,038] 13,844] 13,397) 16,063] -0.2] 166,417] 165,453

2,571 2,171 2,270) +18.4} 44) 49.0) 2,747) = 2,265) 2,245 2,417) +13.7 27,206] 26,638
7,245] 7,313} 7,752) -0.9} -2.4) 10,406] 7,423 7,388} 9,105) +14.3 88,858) 79,273
13,627) 13,137] 14,157) +3.7) -7.2{ +3.7) 12,198] 11,702] 18,111) 11,378) +7.2| 156,266] 145,674
45,822} 45,024) 44,870) +1.8) +0.3) -0.5) 45,833] 46,476] 48,013) 43,301 +5.8] 524,740] 507,667

Search and navigation equipment .| 3,007] 2,902] 2,743) +36] +5.8]  -9.9] 3,990] 2,918] 2,412] 3,843] +3.8] 34,324] 33,763
Measuring and controlling devices .] 4,188] 4,111] 3,930] +19] +46 -0.3] 4,415| 4,134] 3,841] 4,725] -6.6) | 48,187] 50,629
Medical instruments and supplies .| 4,837] 4,410] 4,564] +9.7] -3.4] -6.2| 5,190] 4,206] 4,701] 4,939] +5.1] 55,500] 51,833
All other durable goods .......... 20,283} 19,706} 19,684] +29} +0.1] 40.7) 18,959] 19,414] 20,931] 17,707] +7.1] 234,501] 229,369
Nondurable goods industries . . . . 148,518] 146,737} 146,140] +1.2| +0.4) — -1.0} 143,992] 146,668] 150,367] 145,008} -0.7] 1,774,432 1,771,317
With unfilled orders . . 36,831] 37,128] 36,598] -0.8| +14] -0.7] 36,263] 38,072] 37,192] 37,404] -3.1] 447,271] "439,339,

? 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(96),
"Manufacturers’ Shipments, Inventories, and Orders: 1987-1996."


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

Dec. Nov. Oct. | Nov.- | Oct.- | Sept. Dec. Nov. Oct. Dec. Dec.
1998" 1998" 1998] Dec.} Nov.} Oct. 1998 1998" 1998 1997 | 98/97 1998 1997

All manufacturing industries ..... 344,496} 341,423] 340,133] +0.9} +0.4] — -0.1] 342,652] 341,167] 350,525] 332,383] +3.1| 4,052,605 |3,929,419

Manufacturing Industries
with unfilled orders. .......

198,822] 198,659] 197,344] +0.1]  +0.7| +0.5] 204,583] 199,576] 200,633] 195,930] +4.4] 2,334,704 [2,215,486
without defense capital goods .

1
337,979] 334,469] 333,065] +1.0] +0.4)  -0.2) 335,108} 334,015] 343,522) 325,283 +3.0] 3,972,975 [3,854,225

Durable goods industries 195,753} 194,823] 193,818] +0.5| +0.5]_+0.5} 198,358} 194,672] 199,125} 187,147] +6.0} 2,276,065 [2,158,699
With unfilled orders : 161,766] 161,668] 160,571] +0.1] +0.7|  +0.7| 168,018] 161,677] 162,408] 158,298] +6.1 | 1,885,325 ]1,776,744
Stone, clay, and glass products .....] 8,308] 8236] 8,149] +09| +1.) +09] 7,355] 8,044] 8.7571 6,694] +9.9] ' 96,146] | 90,221
Primary metals .......... ....| 14,275] 14,286] 14,590) -0.1] -2.1]  -2.4) 13,038] 13,914] 14,935) 14,414] -9.5] 181,014) 188,916
Blast furnaces, steel mills .......| 5.373] 5.551] 5.7291 -32] -3.1) -3.0 4908] 5,319] 5,851] 5.987] -18.1| 72,772) 77,023
Iron and steel foundries . 1,572) 1,515] 1,490] +3.8| 41.7] 1.1] 1,319] 1,473) 1,603] 1,250} +4.8] 18,091] 16,819
Nonferrous and other primary
metals......... 7,330] 7,220] 7,371) +1.5]-2.0] -2.2] 6,814) 7,122) 7,481] 7,168] 4.9] 90,151} 95,074
Fabricated metal products. 20,604] 20,415] 20,176] +09} +1.2)  -0.3] 19,177] 20,227] 21,391] 17,878] +7.3] 239,692) 226,120
Industrial machinery and equipment 37,049] 36,623] 37,011] +1.2] 1.0] +0.6] 40,266} 34,464] 35,476] 38,637] +4.2) 442,419] 408,860
Engines and turbines .......... 2,346] 2,413) 2,391] -2.8] +0.9] $8.3] 2,924] 2,359] 2,250) 2,580) +13.3] 27,186] 24,127
Farm and garden machinery ..... 1,711) 1,678} 1,762] +2.0] 4.8) -6.8} 1,254] 1,237] 1,624) 1,511] -17.0] 23,776] 22,928
Construction, mining and
material handling equipment
Metalworking machinery ..
Computer and office equipment |
Electronic and other
electrical equipment . . . +. | 33,070] 32,634) 32,219] 41.3] +13) -0.6] 37,060] 33,995] 32,427] 33,869] +9.4] 376,068] 351,554
Electrical transmission and |
distribution equipment and
industrial apparatus ........... 3,806] 3,605] 3,608) +5.6]  -0.1]  -8.0| 3,795] 3,467] 3,522] 3,461] +97] 44,139] 41,344
Household appliances ......... 2,245| 2,149] 2,051] 44.5] 44.8) -2.41 2,210) 2,084] 2,067) 2,052) -+7.7] 25,190] 23,442
Electric lighting and

3,983) 4,035} 4,096} -1.3) 1.5] -3.8) 3,806) 3,765) 4,044 3,918) 2.9 50,395} 45,765
3,729] 3,703 3,620] +0.7] 42.3) +3.0) 3,958] 4,146) 3,882 3,616) +95 42,310] 41,260
11,053) 11,063) 11,204) -0.1 -1.3] +3.) 14,663] 10,170} 9,633) 13,131] +11.7] 129,868] 111,334

wiring equipment ......... ..| 2,451] 2,258] 2,250] +85] +04) -1.4} 2,627] 2,352] 2,225] 2,372] +10.8] 27,094] 26,221
Household audio and
video equipment .... . . 1,118] 1,017] 1,007] 1,123] 1,270] 1,340] 1,085] +3.5] 12,386] 12,030

Communications equipment
Electronic components. .
Transportation equipment .
Motor vehicles and parts
Aircraft, missiles,
space vehicles, and parts.
Shipbuilding and tanks .....
Instruments and related products

7,501] 7,533] 7,362
13,589] 13,681] 13,638
47,771] 48,324] 48,017]
32,168| 31,581] 31,586]

10,641 7,630] 6,995) 9,566} +112 86,131] 77,368
14,332) 14,217] 13,649] 13,239 +8.3} 154,518} 143,750
46,512} 49,747] 51,680) 42,401 +9.7| 536,748] 502,301
28,319} 32,539] 35,596) 26,010) +8.9} 359,550] 346,606

11,849] 13,215} 12,797)
971 1,283 1,456)
14,476] 14,517] 14,040)

14,461} 13,657) 12,335] 13,436 +7.6| 137,999] 121,393
1,167) 1,322) 1,475 1,038) +12.4 12,366} 10,669
15,535} 14,516] 13,698] 15,018 +3.4] 169,064) 162,981

Search and navigation equipment .| 3,281] 3,296] 3,182 3/525] 3,286] 3,074] 2.977] +184] 37,023) 33,238
Measuring and controlling devices .| 3,919 4.230] 3,927} -7.4| +77] -2.2] 4,146] 4.253] 3,838] 4,490] -7.7] 48,676] 50,204

Medical instruments and supplies] 4,890] 4.554) 4.521) +74) 40.7) 3.1) 5.449] 4.406] 4.309) 4.951] +10.1] 54,336] $0,935
Photographic goods -| 1,890] 1,956} 1,952] -3.4] +02] -7.81 1,920] 2,096] 2,032] 2,155] -10.9] 23,493] 23,520
All other durable goods 20,200] 19,788] 19,616] +2.1] +09] +0.6 19,415] 19,765] 20,761] 18,236] +6.5| 234,914] 227,746

Nondurable goods industries .......| 148,743] 146,600| 146,315] +1.5|
With unfilled orders ...........] 37,056] 36,991] 36,773] +0.
Food and kindred products . 41,788] 41,387| 41,351] +1.0
Meat products 8,629] 8,691] 8,692] -0.7
Dairy products 7,009] 6,755] 6,466] +3.8
Beverages ... 6,144] 6,028] 6,138] | +1.9)
All other foods, except fats and oils | 17,840] 17,784] 17968] +0.3
Tobacco products ...... -| 3,760] 3,398] 3,466] +10.7
Textile mill products . 6,538] 6,498] 6,551] +0.6
Broadwoven fabrics and
other textiles...
Paper and allied products .
Pulp, paper, and

0.9] 144,294] 146,495] 151,400] 145,236] 0.6} 1,776,540 |1,770,720
0.3] 36,565] 37,899} 38,225] 37,632] -2.8] 449,379) 438,742
+0.2) 41,246] 42,172) 42,783] 39,633) +4.1] 490,659} 470,447
-1.1 8,439) 8,802) 8,773] 8,486) 0.6] 104,420} 102,930
+17] 6,935) 6,909] 6,339) 5,233) +32.5 75,115} 59,452
<1] 5,758} 5,724) 6,114 5,717 +0.7 73,101} 70,768
+1.6] 17,948] 18,608] 19,470] 17,844) +0.6) 213,061] 212,856
-1.6{ 3,912] 3,346} 93,659) 3,147] +24.3 41,625} 38,693
+09) 5,943) 6,533 6,836] 6,370) 6.7 80,742] 83,871

3,817 3,852) 3,899] -0.9} “12 -0.7} 3,592) 3,741 3,948] 4,036] -11.0 48,568) 51,107
13,559] 13,489] 13,421] 40.5] +0.5]  -0.7} 13,189] 13,265] 13,735] 13,927 5.3] 165,331] 161,992

paperboard mill products ...... 4,972 5,051 5,113) -1.6] 12) 0.0] 4,915 5,026 5,235] 5,583] 12.0 63,599] 64,761
Paperboard containers and boxes . . 3,542 3,504) 3,434) +11) +2.0) -0.8) 3,298 3,430] 3,545) 3,578 78 42,837) 40,704
Miscellaneous converted

paper products.......... ..{ 5,045] 4,934} 4,874 42.21 +12) -1.4} 4,976| 4,809] 4,955] 4,766] +4.4] 58,895] 56,527
Chemicals and allied products - | 33,522) 32/533] 31/960] +3.0] +1.8]  -2.0] 33,277] 31,044] 31,536] 32,280} 43.1] 391,686] 389,189

Industrial chemicals... . . 14,783] 14,439] 14.585] +24! -1.0] -0.6] 14,148] 13,884] 14,397] 15,280] -7.4] 179,757] 193,265

Drugs, soaps, and toiletries. 14;756| 14,309] 13,546] +3.1] +5.6 4.7] 15,843] 14,146] 13,850] 13,848] +14.4] 165,654] 150,016
Petroleum and coal products . 11,095] 11,043] 11,500] +05] -4.0]  -3.2} 10,705] 11,080] 12,267] 13,598] -21.3] 145,705] 177,314
Rubber and plastics products 13,384] 13,209] 13,249] +13] -0.31  -0.2] 11/952} 12,688] 13,796] 12,074] —-1.0| 158,101] 156,599
All other nondurable goods 25,097] 25,043] 24,817] +02) +0.9] -0.9_ 24,070] 26,367] 26,788] 24,207 -0.6| 302,691} 292,615

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 error and revision.