Table 4. VALUE OF MANUFACTURERS’ INVENTORIES FOR INDUSTRY GROUPS

(Millions of dollars)

‘Seasonally adjusted

‘Not seasonally adjusted

Industry Monthly Percent Change Monthly Percent
change
Aug. July June} July-} June-} May- Aug. July June Aug.| Aug
1995? 1995" 1995} Aug.} July June 195° 1995" 1995 1994} 95/94
All manufacturing industries... . 412,467) 412,423] 410,011 0.0] +06] +04] 416,188] 414,628] 408,950] 390,510] +66
Manufacturing industries
with unfilled orders. . 276,893 | 276,353) 274,190] +02] +08] +06) 280,943] 279,463] 274,612] 260,447) +79
without defense capital goods. 390,881) 390,646] 387,995] +0.1] +0.7] +04] 394,094] 392,480] 386,754] 366,009] —+7.7
Durable goods industries . 259,745 | 259,532] 257,442] +0.1] +08] +03) 262,516] 261,070] 256,720] 246,726] +64
With unfilled orders : 238,187 | 237,799] 236,120] +02) +07] +041 241,395} 239,993} 236,022] 226375] +66
Stone, clay, and glass products 8,493 8450] 8370) +05] +10] +11 8,456] 8,553 8,447 7,398] +143
Primary metals... . . : 21,962} 21,984] 21,900 O01} +04] 40.7] 22,097] 22,149] 21,726] 20,022) + +104
Blast furnaces, steel mills. 10,514] 10,473] 10,466] +04] 40.1) +08] 10,556] 10,606] 10,284] 9,587] +10.1
Iron and steel foundries 1,636 1,677 1,659 24) 411] +13 1,621 1,654 1,677 1531] +59
Nonferrous and other primary
metals... .... : 9812] 9,834] 9,775 02] +06] +05 9,920] 9,889} 9,765 8,904] +114
Fabricated metal products -- | 25,412] 25,612] 25,606 -08 0.0} +03] 25,471] 25,828} 25,912] 23,837] +69
Industrial machinery and equipment 52,656] 52,609] 52318] +01] +06 0.0] 53,313] 52,795] 51,820] 49,986] +67
Engines and turbines .......... 3,828 3,854] 3,871 -0.7 04] 423] 4033] 3.917 3,832] 3,905] +33
Farm and garden machinery 2685] 2,717] 2,766 “12 18] 05] 2,505] 2.483] = -2;568] = 2,448] +23
Construction, mining and
material handling equipment .. . . 6,465 6,453 6,455 +0.2 0.0 0.5 6,420 6,397 6,496 5,845 +9.8
Metalworking machinery ...... 6,266] 6,238} 6,126} +04] +18] +08} 6485) 6378] 6,113 5,879| +103
Computer and office equipment . . . 11,423 11,424 11,352 0.0 40.6 09 11,960 11,811 11,066 12,431 3.8
Electronic and other
electrical equipment ........... 45,329] 44,788} 43,796 +12 423 +12] 46,093} 45,390] 43,973] 38,462] +19.8
Electrical transmission and
distribution equipment and
industrial apparatus... . . vee 4844] 4,855] 4,824 02} +06} +04] 4,934] 4,926] 4,838] 4,598] +73
Household appliances... .. 2,837) 2,865] 2,846 10} +0.7 1S} 2,721 2.812} 2,932] 2590] +51
Electric lighting and
wiring equipment ............ 3,303 3,282] 3,247] +06 +11 1.0} 3,353 3,357 3,325 3,044] +10.2
Household audio and
video equipment .. . 1,614 1,567 1548] 43.0] +12] +05 1,769 1,692 1,653 1,265] +39.8
Communications equip 14,684] 14,420] 14,098] +18] +23] = +0.6] 14,880] 14,528] 14,062] 11,421] +303
Electronic components 14,291] 13,988] 13,534] +22) 43.4] 43.1] 14,534] 14.190] 13,405] 12,004] 421.1
Transportation equipment . 58,813] 59,069] 58,756 04) +05 8] 59,617] 59,109} 57,960] 60,723 -18
Motor vehicles and parts . 12,199} 12,500] 12,360 24) 411 12,350] 12,307] 11,873] 12,028] -+2.7
Aircraft, missiles,
space vehicles, and parts. . . . 41,883} 41,880] 41,862 0.0 0.0) -03] 42,561] 42,120] 41,644] 44,645 47
Shipbuilding and tanks . . 1,544 1,631 1,528 53| +67] +07 1,565 1,696 1,513 1,440] +87
Instruments and related products . . . 22,262} 22,244] 22,140] 40.1] 40.5) +13] 22,656] 22,487] + 22,342] 22,314] +15
Search and navigation equipment 5,347 5377] 5,435 06{ -L1] +10] 5,495, 5,481 5,492 5,871 ~64
Measuring and controlling devices . 7,288| 7,225 7102]; +09] +17] +17] 7368] 7,283 7,156 6,555] +124
Medical instruments and supplies 6192] 6,202] 6,133 02) +11} +06] 6,285 6,238] 6174] 6,320] -0.6
Photographic goods ........... 2,565 2,565 2,596 oo] -12) +36] 2,642] 2,603 2,635 2,731 33
All other durable goods ..... . 24,818] 24,776] 24,556] +02] +09 -O.1} 24,813] 24,759} 24,540] 23,984] —-+3.5
Nondurable goods industries . . . 152,722] 152,891] 152,569 O01} +02 153,672] 153,558] 152,230] 143,784] +6.9
With unfilled orders .. . . 38,706 | 38,554] 38,070 40.4 +13 39,548] 39,470] 38,590} 34,072] +161
Food and kindred Products . 30,623} 30,878] 31,010 08 04 30,674] 30,097] 29,574} 31,005 “ld
Meat products . . : 3,580] 3,554] 3,533] 40.7] 40.6 3,598] 3,617 3,600] 3,472] +36
Dairy products . 2,596] 2,658] 2,616 23] +16 2,658) 2,764] 2,712} 2,777 43
Beverages ..... $5,206] 5,300] 5,312 -18 0.2 5,102] 5,260] 5,281 5,206 -2.0
All other foods, except fats ‘and oils 17,568 17,744 18,004 -1.0 -14 17,832 16,914 16,503 18,081 14
Tobacco products : 5,467) 5,358 5308] +20] +09 5,281 5,041 5,029 5,520 43
Textile mill products . . 10,309] 10,260} 10,252 +05 40.1 10,374] 10,474] 10,392 9,728 +6.6
Broadwoven fabrics an‘
other textiles... 2... 5,836] 5,803 5,763] +06] +07) +13 5,836] 5,890] 5,776 $410] +79
Paper and allied products... . . . 15,947] 15,848] 15,551] +06] +19) +33) 15,994] 15,955] 15,679] 13,533] +182
Pulp, paper, and
paperboard mill products ...... 6,266} 6,149] 5,943] +19} 43.5] $3.0] 6,285 6,146] 5,955 5,577] +12.7
Paperboard containers and boxes 4,555 4,539 43359 40.4 +41 +4.0 4,573 4,602 4,392 3,285] +39.2
Miscellaneous converted
Paper products . 5,126] 5,160] 5,249 0.7 7] 43.1 5,136] 5,207 $332] 4,671] +10.0
Chemicals and allied products 35,996 | 36,116] 36,009 03 403 40.8} 35,872] 36,068] 35,781 33,957 45.6
Industrial chemicals ....... 17,969] 18,040] 17,750 04] +16] +01] 17.879] 18,079] 17,618] 15,984] +11.9
Drugs, soaps, and toiletries . 13,206] 13,188] 13,252] +0.1 05} +11] 13,497] 13,397] 13,439] 13,860 2.6
Petroleum and coal products . 10,755} 10,878] 11,167 “ll -26 12} 10,952} 15116} 11,423] 10.844] +1.0
Rubber and plastics products 14,309 14,328 14,299 0.1 +0.2 40.9 14,108 14,303 14,249 12,492] +12.9
All other nondurable goods ....... 29,316 29,225 28,973 40.3 +09 40.9 30,417 30,504 30,103 26,705} +13.9

? 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} - ------------- 22 - eee errr rere eed Shipments |-1 320
300 300
280 280
260 260
240 i i i 1 1 L i i L 1 L L L 240
Aug Oct Dec Feb Apr Jun Aug Oct Dec Feb Apr Jun Aug
Aug. 1993 - Aug. 1995
Total Manufacturing
Ratio of Unfilled Orders and
Inventories to Shipments

V/S Ratios UO/S Ratios
2.5 3.9
2.4 3.8
2.3 3.7
2.2 3.6
2.1 3.5

2 3.4
1.9 3.3
1.8 3.2
1.7 3.1
1.6 3
1.5 2.9
1.4 2.8
1.3 2.7
1.2 i L 4 1 1 1 L L i L i L 1 2.6

Aug Oct Dec Feb Apr Jun Aug Oct Dec Feb Apr Jun Aug
Aug. 1993 - Aug. 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
Aug. July June | July- | June- | May- Aug. July June Aug. | Aug.
1995" 1995" 1995 | Aug. July | June | 1995" 1995" 1995 1994 | 95/94
UNFILLED ORDERS
All manufacturing industries 459,657 | 460,368 | 459,979 0.2 +0.1 -0.4 | 459,307 | 461,863 | 460,551 | 448,024 42.5
Market categories :
Automotive equipment ...... 2,086 | 2,084 | 2,101 | +01 0.8 03 2,086 | 2,074 | 2,045 2,121 “17
Home goods and apparel 9,954 10,164 10,477 21 3.0 +13 10,777 11,041 10,931 11,336 49
Consumer staples 1,977 1,938 1785 | +20] +86] +438] 2,057 1,977 1,781 1,626 | +265
Machinery and equipment. 182,894 | 183,692 | 184,580 04] -05 -0.2 | 182,530 | 183,508 | 184,699 } 180,739 +10
Business supplies 6,431 6328 | 6218] +16] +18 06 | 6523 | 6355 | 6270 | 5,772 | +130
Construction materials”
and supplies... . . 16,033 | 15,816 | 15,662 | +14] +10 12 | 16,255 | 16,062 | 15,780 | 15,377 45.7
Defense products 102,553 | 102,384 | 103,448 | +02] -1.0 -1.1 | 101,447 | 101,905 | 103,419 | 104,040 25
Other materials, supplies and
and intermediate products 137,729 | 137,962 | 135,708 02] +17 -0.1 | 137,632 | 138,941 | 135,626 | 127,013 +84
Durable goods industries :
Nondefense capital goods * 202,611 | 203,575 | 204,371 04 0.0 | 202,217 | 203,076 | 204,139 | 198,887 +17
Excluding aircraft and parts. 97,325 | 98,187 | 98,612 04] +10 | 96931 | 97,688 | 98,380 | 85,880 | +129
Defense capital goods‘... .. 107,863 | 107,707 | 109,097 -13 -1.0 | 106,767 | 107,257 | 109,096 | 109,990 29
Durables excluding capital goods 123,799 | 122,941 | 120,544 42.0 -0.5 | 124,277 | 124,595 | 120,709 | 114,126 +89
Miscellaneous series :
Producers’ durable equipment . 217,729 | 218,526 | 219,454 04] 04 -0.3 | 218,099 | 218,797 | 219,160 | 213,642 42.1
Household durable goods . 6,072 | 6149 | 6,027 -A3] +20] +424] 6558 | 6,608 6,144 | 6381 42.8
Information technology industries 39,369 | 39,978 | 39,936 15] +01 | +08 | 39,535 | 40,142 | 40,248 | 34,970 | +13.1
Health care equipment
and products ........... 5,691 5,703 5,742 02) 07 0.1 5,691 5,705 5,742 6,823 | -16.6
TOTAL INVENTORIES
All manufacturing industries 412,467 | 412,423 | 410,011 00] +06 | +04 | 416,188 | 414,628 | 408,950 | 390,510 +66
Market categories :
Automotive equipment 6,665 | 6,742 | 6,609 “ll | +20 04 | 6674 | 6574 | 6379 | 6,184 +79
Home goods and apparel 33,922 | 33,869 | 33,885 | +02 0.0 | +02} 34571 | 34903 | 35,149 | 32,231 473
Consumer staples . . : 58,511 | 58,728 | 39,053 04] -06 | +02] 58,995 | 58223 | 57977 | 58,926 +01
Machinery and equipment 100,924 | 100,436 | 99317] +05] +11 -0.1 | 102,189 | 100,675 | 98,544 | 94,747 +79
Business supplies ......... 23,897 | 23,969 | 23,947 03 | +01 | +13 | 24327 | 24,333 | 24023 | 21,505 | +127
Construction materials
and supplies 26,435 | 26,453 | 26,224 01} +09 0.0 | 26,440 | 26,657 | 26,485 | 24,760 +68
Defense products . 21,040 | 21,197 | 21,389 07] 09} +03 | 21,507 | 21,549 | 21,562 | 23,593 88
Other materials, supplies and
and intermediate products .... .. 141,073 | 141,029 | 139,587 00) +10] +09 | 141,485 | 141,714 | 138,831 | 128,474 | +10.1
Durable goods industries :
Nondefense capital goods >... . 95,633 | 95,145 | 94,131 +11 -02 | 97,086 | 95,829 | 93,527 | 89,698 48.2
Excluding aircraft and parts. 68,952 | 68,539 | 67,797 +11 -0.2 | 70,092 | 69,217 | 67,560 | 62,793 | +116
Defense capital goods‘ ...... 21,586 | 21,777 | 22,016 “11 0.0 | 22094 | 22,148 | 22,196 | 24,501 -98
Durables excluding capital goods 142,526 | 142,610 | 141,295 +0.9 | +06 | 143,336 | 143,093 | 140,997 | 132,527 48.2
Miscellaneous series :
Producers’ durable equipment 161,865 | 161,781 | 160,296 40.1 40.9 +0.2 | 163,665 | 162,378 | 159,646 | 151,948 477
Household durable goods ...... 14,712 14,792 14,873 0.5 0.5 40.2 14,974 15,106 15,195 14,278 +49
Information technology industries 36,567 | 36,251 35,750 40.9 +14 +0.4 | 37,476 | 36,848 | 35,508 | 33,864 +10.7
Health care equipment
and products. settee 13,390 ] 13,391 | 13,356 oo] +03 | +09 | 13,636 | 13,539 | 13,495 | 13,847 1S

See footnotes at end of table 5.

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


Table 5. VALUE OF MANUFACTURERS’ SHIPMENTS AND NEW ORDERS
FOR TOPICAL SERIES'
(Millions of dollars)

Seasonally adjusted Not seasonally adjusted *
Monthly Percent Change Monthly Percent | Year to date
Industry change
Aug} July] June | July-| June-} May-| Aug. July | June | Aug. | Aug.
1995°| 1993'] 1995] Aug.} July| June] 1995"] 1995" i995] 1994] 95/94] 1995" ] 1994
SHIPMENTS
All manufacturing industries... . . | 302,337] 293,474] 298,712] +3.0| 1.8] +0.5] 303,218] 264,149] 321,334] 288,395] +5.1] 2,356,710 |2,188,873

Market categories :
Automotive equipment .........]  14,267| 12,392) 13,654] 415.1] -9.2| +02] 13,986] 8,382) 14,874] 14,264] -1.9] 112,258] 109,420
Home goods and apparel : 19.751] 19,502] 19,626] +13] -0.6 +0.8] 21,097] 18,069} 20,459] 20,643} +2.2] 152,942] 147,023
Consumer staples . 61.316] 60,849] 60,380] +08) +0.8] 0.1] 62,602) 58,571] 62,906] 61,043} +26) 476,784} 460,292
Machinery and equipment . . 54,486] 51,787| 54,646] +5.2| -5.2| +24) 51,571] 43,002] 62,173] 48,148) +7.1] 419,402] 381,471
Business supplies . . see 22,809] 22,639] 22,679] +0.8] -0.2) +1.8] 22,878) 21,382] 23,547) 21,681] +5.5]_ 177,177} 164,371
Construction materials

and supplies .........

18,840] 18,541] 18,369} +1.6] +0.9] +0.2} 19,833} 17,590} 19,883] 19,376} +2.4] 147,978) 141,649

Defense products .............| 6969| 6804] 69481 +24] -2.1| -1.6 6,842| 6.188] 7,415] 7,301] -6.3| 34,499} 56,824
Other materials, supplies and
and intermediate products ...... | 103,899] 100,960] 102,410] +2.9} -1.4] 0.0] 104,409] 90,965] 110,077] 95,939} +8.8] 815,670] 727,823

Durable goods industries

Nondefense capital goods *......] 42,353] 41,029) 43,034] +32] -4.7] +2.7| 39,620] 35,127] 50,067] 35,488] +11.6) 323,239) 284,404

Excluding aircraft and parts ....| 37,514] 36,263] 37,988] +34] 4.5] +2.4) 35,251] 31,088] 43,888) 31,145] +13.2] 284,300) 247,119
Defense capital goods‘ ........] 6,490] 6,371] 6.439] +1.9|  -1.1] 29) 6,328] 5,720] 6,916) 6,851] -7.6] 50,297) 53,292
Durables excluding capital goods . | 114,674 108,519] 111,355{  +5.7]  -2.5]  +0.2| 115,151] 91,576] 119,776] 110,252] +4.4] 892,650] 836,354

Miscellaneous series :

Producers’ durable equipment .... | 104,456] 97,960] 102,868] +66] -4.8] +1.4] 100,851] 79,153] 114,735] 96,331] +4.7| 805,565] 754,584
Household durable goods ... . .. 81691 8.431] 8430] 43.1] 0.0] +12] 8,962] 7,313 8,686] 8,459) +5.9) 65,027] 61,779
Information technology industries 20,763] 19,934] 20,964] +42] -49] +1.8] 19,226| 16,309] 25,160] 16,742] +14.8| 153,252] 132,977
Health care equipment
and products ............ ..} 8948} 8,753] 8,613) +22] +16 -1.2) 8,975] 8,052] 9,174] 8,614] +4.2] 68,391] 66,629
NEW ORDERS
All manufacturing industries... . | 301,626] 293,863] 296,754] +2.6] -1.0 0.1] 300,662] 265,461] 315,165} 285,567} +5.3] 2,364,249 }2,198,539

Market categories :
Automotive equipment . seeee] 14,269] 12,375] 13,647] +15.3 -9.3]  +0.3} 13,998) 8,412] 14,820] 14,310) -2.2] 112,198] 109,639
Home goods and apparel 19,541} 19,190] 19,490] +18 -1.5] -3.1] 20,833] 18,180] 20,284] 20,467 +1.8] 155,391} 149,696
Consumer staples ......... 61,355] 61,001} 60,446] +0.6] +0.9) -0.1} 62,682] 58,767] 63,030) 61,150) +2.5| 477,210] 460,441
Machinery and equipment . 53,688] 50,898} 54,243} +5.5] 6.2) -0.1} 50,593} 41,812] 61,202] 47,566) +64) 421,101] 381,986
Business supplies 22,912] 22,750) 22,642] +0.7] +0.5|  +1.6) 23,047] 21,466) 23,392) 21,720) +6.1| 177,892] 164,776
Construction materials

and supplies ......... ..| 19,056] 18,695] 18,174] +19] 42.91 -0.7] 20,026) 17,872] 19,505] 19,326] +36) 148,794] 143,151
Defense products .............{ 7,138] 5,740] 5,833] +24.41 -1.6 -3.9] 6,385] 4,673] 5,739] 4,829| +32.2] 48,709) 49,954
Other materials, supplies and

and intermediate products ...... | 103,667| 103,214] 102,279] +0.4} +09] +0.4] 103,098] 94,279] 107,193] 96,199] +7.2| 822,954) 738,896

Durable goods industries :
Nondefense capital goods ° 41,389] 40,233| 42,964] +29] -6.4| 0.4} 38,761] 34,064] 49,514] 35,366]  +9.6] 325,540] 285,954
Excluding aircraft and parts 36,652| 35,838] 38.9791 +23] -8.1] +3.0) 34,494] 30,396] 44,396] 32,345] +6.6] 290,224) 257,341
Defense capital goods‘ ........| 6,646] 4,981] 5,362) +33.4] -7.1] -3.4) 5,838] 3,881] 5,225] 4,564] +27.9] 43,959] 46,144
Durables excluding capital goods . | 115,532] 110.916] 110,705] +4.21 +0.2) -0.1| 114,833] 95,462) 116,036] 109,662] +4.7) 902,500) 847,328

Miscellaneous series :
Producers’ durable equipment .... | 103,659] 97,032| 102,288] +6.8] | -5.1) 0.3] 100,153] 78,790] 113,004] 96,578] | +3.7| 809,950] 762,083
Household durable goods .......] 8,614] 8,553] 8.571| +0.7] -0.2) -0.6 8,912) _7,777| 8,659] 8,516] +4.7) 66,388) 63,325
Information technology industries. | 20,154] 19,976] 21:292| +09] -6.2] +3.4| 18,619] 16,203] 25,312] 16,798] +10.8) 155,858] 135,861
Health care equipment
and products ......... 00.00. 8,935] 8,715] 8,609] +25] +121 +08] 8,962] 8,015] 9,170) 8,488] +56] 67,761] 65,965

» 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.

2 Nondefense capital goods industries include : ordnance and accessories; steam, gas and hydraulic turbines; internal combustion engines; construction, mining, and material
handling equipment; metalworking machinery; special industry machinery; general industrial machinery; computer and office equipment; refrigeration, heating and service

industry machinery; electrical transmission and distribution equipment; electrical industrial apparatus; communications equipment; aircraft, missiles, space vehicles, and engines
and parts; ships and tank components; railroad equipment; and search and navigation equipment.

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

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


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

Inventory / Shipments ratio Unfilled Orders / Shipments ratio’
Industry Aug, July June May Aug. July June May
1995" 1995" 1995 1995 1998 1995" 1995 1995
All manufacturing industries... . .. 1.36 141 137 137 275 2.84 2.78 2.82
Durable goods industries .......... 1.59 1.66 1.60 1.61 331 3.42 3.34 3.38
Stone, clay, and glass Products pees 1.16 1.17 1.18 119 LIS 1.14 1.14 1.15
Primary metals . 147 1.50 146 1.43 1.86 1.86 1.85 1.87
Fabricated metal products : 158 1.62 1.64 1.62 1.44 1.48 1.49 1.49
Industrial machinery and equipment 1.68 174 1.69 1.70 247 237 2.52 2.48
Electronic and other
electrical equipment . . . 1.67 174 1.66 1.69 2.01 213 1.98 2.05
Transportation equipment : 154 1.70 1.55 1.59 10.97 1130 10.80 11.10
Instruments and related products . . . . 1.90 2.00 1.94 1.88 3.93 414 4.05 4.01
Nondurable goods industries . 1.10 1 1 1.10 0.71 0.74 0.72 0.75
Food and kindred products . 0.84 0.85 0.86 0.87 (x) (x) & [e)
Tobacco products . . 1.89 181 1.92 1.79 &) &) (x) (&)
Textile mill products... . 1.65 1.67 164 1.62 (NA) (NA) (NA) (NA)
Paper and allied products bees 114 114 1.09 1.07 (NA) (NA) (NA) (NA)
Chemicals and allied products... . . 1.16 1.16 117 117 fe) (x) & fee)
Petroleum and coal products. . . 0.84 0.85 0.86 0.83 (X) (X) (X) (X)
Rubber and plastics products... ... 1.42 148 145 141 (e9) (x) ® &)

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

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

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

Shipments New orders Unfilled orders Inventories

Industry
Aug. Aug. Aug. Aug
Aug? }  1994- Aug? | 1994- Aug? | 1994- Aug? | 1994-
Aug.'| 1990-] July | Aug.' | 1990-] July | Aug.' | 1990-] July | Aug.'} 1990] July
1985 | 1994] i995} 1995 | 1994 | 1998 | “198s | 1994] i998] ‘1985 | 1994] i995
All manufacturing industries ......] (x) 02 oO. (es) 02 02 x) 0.1 01 ) 0.0 01
Durable goods industries ........ 02 03 0.2 0.1 03 03 0.2 0.1 01 (xX) 0.0 0.0
Stone, clay, and glass products . (Xx) 0.5 06 (x) 08 1.0 (x) 04 0.5 (X) 0.2 0.1
Primary metals 0.1 03 os) 0.1 09 Ll 0.0 04 04 (&) 01 02
Fabricated metal products . . . + @® 03 03 (%) 06 06 (%) 03 03 &) 02 02
Industrial machinery and equipment . 04 02 04 04 03 06 0.0 01 02 &) ol 0.1

Electronic and other

electrical equipment. . . 0.2 02 04] 04 06 07] 0.1 02 03 fea) 01 01
Transportation equipment .. . . . 06 10 os! 05 09 o9| 02 02 01 &) 01 02
Instruments and related products (x) 04 03 (x) 0.8 1.0 &) 02 02 () 0.1 0.1
Nondurable goods industries ........ ~ 01 02 (x) 01 02 a) 0.1 03 es) 0.0 01
Food and kindred products . . . (xX) 0.1 Ol (x) (x) (Xx) (xX) (X) (X) (X) 0.2 0.1
Tobacco products &) 0.0 Ol (x) X) X) (x) MO} (x) 0.0 0.0
Textile mill products (xX) 03 0.2 (x) | (NA) | (NA) (xX) | (NA) IA} (x) 0.1 0.1
Paper and allied products . . . (X) 02 0.2 (xX) (NA) (NA) (xX) (NA) (NA) (X) 0.0 02
Chemicals and allied products (X) 01 03 (x) (x) (xX) (Xx) (xX) (X) (X) 01 02
Petroleum and coal products (Xx) 03 02 (x) (x) (x) (x) (x) (X) (X) 03 02
Rubber and plastics products . . (X) 02 02 (x) (xX) (xX) (xX) (xX) (x) (xX) 0.0 01

Capital goods industries :
Nondefense 03 0.7 03 03 0.5 07 0.0 0.1 0.1 (X) 0.0 0.1
Defense .... 10 07 04] 39 35 22] 03 02 O1 & ol 03

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

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

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


CURRENT INDUSTRIAL REPORTS

ow Manufacturers’ Shipments,

Vay

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

Inventories, and Orders

August 1995
M3-1-(95)-8
For Wire Transmissions 10:00 a.m. E.D.T. October 4, 1995

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

Summary

New orders for manufactured goods in August, up for the first
month since May, increased $7.8 billion or 2.6 percent to $301.6 billion,
the Department of Commerce, Bureau of the Census reported today
This follows decreases of 1.0 percent in July and 0.1 percent in June
and is the third increase this year. Year to date, new orders are 7.7
percent above the same period a year ago.

Shipments, up three of the last four months, increased $8.9 billion
or 3.0 percent to $302.3 billion, following a 1.8 percent July decrease.
Year to date, shipments are 7.9 percent above the same period a year
ago

Unfilled orders, down four of the last five months, decreased $0.7
billion or 0.2 percent to $459.7 billion, following a 0.1 percent July
increase. The unfilled orders-to-shipments ratio was 2.75, down from
2.84 in July

Inventories increased slightly to $412. billion, the eleventh
consecutive monthly increase and the eighteenth in the last twenty
months. The inventories-to-shipments ratio was 1.36, down from 1.41
in July.

New Orders

New orders for manufactured durable goods in August, up for the
first month since May, increased $7.4 billion or 4.8 percent to $163.6
billion, revised from the previously published 4.9 percent increase. The
motor vehicle and parts industry, which was heavily affected by the
growing practice of shutting down for two weeks in July, contributed
to about half of this month’s durable goods increase and over three
quarters of last month’s decline. The August durable goods increase
follows decreases of 1.8 percent in July and 0.3 percent in June.

Transportation equipment had the largest increase, $5.1 billion or
15.2 percent to $38.3 billion, due to motor vehicles and parts and
aircraft and aircraft parts. This is the first increase since May and the
third this year. Industrial machinery and equipment, up three of the last
four months, increased $1.5 billion or 5.0 percent to $31.3 billion,
following a 6.6 percent July decrease. Primary metals, up for the first
month since December, increased $0.9 billion or 6.4 percent to $15.2
billion. Instruments and related products, up four of the last five
months, increased $0.8 billion or 7.4 percent to $11.7 billion.
Fabricated metal products, up three of the last four months, increased
$0.2 billion or 1.5 percent to $16.0 billion. Electronic and other
electrical equipment had the only decrease, $1.6 billion or 5.5 percent
to $26.7 billion, due to electronic components and accessories and
communication equipment. This follows a 7.6 percent July increase and
is the fourth decline this year.

New orders for nondurable goods, up fur the fifth consecutive
month, increased $0.3 billion or 0.2 percent to $138.1 billion.
Increases, led by rubber and plastic products and food and kindred
products, more than offset declines led by textile mill products.

Shipments

Shipments of durable goods in August increased $7.6 billion or
4.9 percent to $163.5 billion, revised from the previously published 4.7
percent increase. This follows a 3.1 percent July decrease and is the
third increase in the last four months and the eighth in the last ten
months. All major industries increased with transportation equipment

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

having the largest increase, $3.5 billion or 10.2 percent to $38.3 billion,
due to motor vehicles and parts. This follows an 8.1 percent July
decline. Electronic and other electrical equipment increased $1.3 billion
or 5.0 percent to $27.1 billion, the third increase in the last four months.
Industrial machinery and equipment, up three of the last four months,
increased $1.1 billion or 3.7 percent to $31.3 billion. This follows a 2.2
percent July decline. Following two consecutive monthly decreases,
instruments and related products increased $0.6 billion or 5.3 percent to
$117 billion, Fabricated metal products increased $0.3 billion or 2.1
percent to $16.1 billion, the second consecutive monthly increase.
Primary metals, up for the first month since May, increased $0.2 billion
or 1.4 percent to $14.9 billion. This follows decreases of 1.9 percent
and 1.2 percent in July and June respectively.

Shipments of nondurable goods, up four of the last five months,
increased $1.3 billion or 0.9 percent to $138.8 billion. Led by rubber
and plastic products, food and kindred products, and printing and
publishing, nearly every major industry group increased.

Unfilled Orders

Unfilled orders for durable goods in August increased slightly to
$434.3 billion, revised from the previously published 0.2 percent
increase. This follows a slight July increase and is the ninth increase
in the last twelve months. Primary metals, up for the first month since
February, increased $0.3 billion or 1.2 percent to $27.7 billion. Stone,
clay, and glass products, up for the third consecutive month, increased
$0.2 billion or 2.7 percent to $8.0 billion. This follows a 2.2 percent
July increase and is the eighth increase in the last twelve months.
Transportation equipment, up for the first month since February,
increased slightly to $195.9 billion. Electronic and cther electrical
equipment had the largest decrease, $0.4 billion or 0.6 percent to $54.5
billion, This follows a 4.8 percent July increase and is the second
decline in the last twelve months. Fabricated metal products, down for
the third consecutive month, declined $0.1 billion or 0.5 percent to
$21.3 billion.

Inventories

Inventories of durable in August increased $0.2 billion or
0.1 percent to $259.7 billion. This follows a 0.8 percent July increase
and is the eighteenth increase in the last twenty months. Electronic and
other electrical equipment had the largest increase, $0.5 billion or 1.2
percent to $45.3 billion. This follows a 2.3 percent July increase and
is the twentieth consecutive monthly increase. Transportation
equipment had the largest decline, $0.3 billion or 0.4 percent to $58.8
billion, following a 0.5 percent July increase. Fabricated metal
products, down for the first month since September 1994, decreased
$0.2 billion or 0.8 percent to $25.4 billion.

Inventories of nondurable goods, down for the first month since
September 1994, decreased $0.2 billion or 0.1 percent to $152.7 billion.
Food and kindred products had the largest decrease, $0.3 billion or 0.8
percent to $30.6 billion. Petroleum and coal products and chemical and
allied products also declined. Tobacco products, up for the second
consecutive month, had the largest increase, $0.1 billion or 2.0 percent
to $5.5 billion.

By stage of fabrication, finished goods decreased 0.1 percent in
durables and 0.2 percent in nondurables. Work in process decreased 0.3
percent in durables and 0.5 percent in nondurable. Materials and
supplies increased 0.8 percent in durables and 0.1 percent in
nondurables.

‘The advance report on durable goods for September is scheduled for October 26, 1995 at 8:30 a.m. and the full report on November 2, 1995 at 10:00 a.m. For sale by the Superintendent

of Documents, U.S. Government Printing Office, Washington, DC 20402.

s report is 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 1

New Orders and Shipments
Three Month Moving Averages
Billions of Dollars

New Orders

Shipments

L i L 1 L L i L i 1 L 1 L
Aug Oct Dec Feb Apr Jun Aug Oct Dec Feb Apr Jun Aug
Aug. 1993 - Aug. 1995

Defense Capital Goods
New Orders and Shipments

Three Month Moving Averages
Billions of Dollars

1 1
New Orders

0 {10
Shipments

g}-------------------------------------550= do

5 Lo L n L L L n L L L n L Lis

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

Note: All Charts based on seasonally
adjusted current dollars.

U.S. GOVERNMENT PRINTING OFFICE: 1995 404-450/20017


Table 7. VALUE OF MANUFACTURERS’

BY INDUSTRY GROUP
(Millions of dollars)

INVENTORIES, BY STAGE OF FABRICATION,

Seasonally adjusted

Not seasonally adjusted

Industry Monthly Percent Change Monthly Percent
change
Aug. July June | July- | June- | May- Aug. July June Aug. | Aug.
1995° 1995" 1995 | Aug. July | June 1998" 1995" 1995 1994 | 95/94
MATERIALS AND SUPPLIES
All manufacturing industries 136,713 | 136,023 | 135,168 | +05] +06] +0.8 | 137,458 } 136,249 | 134,463 | 124,930 | +100
Durable goods industries ...... 79,787 | 79,171 | 78,441 +08} +09 | +0.7 | 80,697 | 79,272 | 77,692 | 73,107 | +104
Stone, clay, and glass Products 2/890 2/842 2823 | +17] +07] +08 915 2/849 2/838 2,565 | +13.6
Primary metals -. . . : 6,849 6,772 6744] +11] +04] +03 6,900 6,783 6,670 6167 | +119
Fabricated metal products | : 8,880 9,005 9,000 14} 401 -09 8,882 9,007 8,998 8,076 | +10.0
Industrial machinery and equipment 17,859 | 17,686 | 17,477 | +10] +12 -15 | 18,160 | 17,683 | 17,294 | 16,657 +9.0
Electronic and other
electrical equipment . 16,106 | 15,579 | 15,237 | +34] +22 | 442 | 16,365 | 15,756 | 15,167 | 12,392 | +321
‘Transportation equipment - 10,041 | 10,219 | 10,336 “17 “11 +0.6 | 10135 | 10,153 | 10,172 | 10,962 “75
Instruments and related produc 7,062 7,032 6970 | +04] +09] +10 7156 7,079 7,013 6,798 +53
Lumber, furniture and
miscellaneous durable goods 10,100 | 10,036 9854] +06] +18] +08] 10,184 9,962 9,540 9,490 473
Nondurable goods industries 36,926 | 56,852 | 56,727} +01 | +02 | +09 | 56,761 | 56,977 | 56,771 | $1,823 +95
Food and Kindred products 10,224 | 10,257 | 10,163 03 | +09] +11 9,920 | 10,005 | 10,003 9,699 423
Tobacco products . 4,658 4,650 4614] +02] +08 0.7 4516 4418 4,413 4,705 40
Textile mill products . 2/988 2,982 3014 | +02 “Ll +06 2/999 3,075 3,063 2814 +66
Paper and allied products 81195 S17 8020 | +10] +12] 425 8179 8121 8,026 6.734 | +215
Chemicals and allied products 11,645 | 11,754 | 11,819 0.9 05 | +13 | 11,638 | 11,827 | 11839 | 11,270 433
Petroleum and coal products 274 3,278 347 “0.1 21 +05 3,363 3,376 3,475 3,075 +94
Rubber and plastics products... . : 5,407 5,407 3,426 0.0 04] +15 5321 5,428 5373 4618 | +152
Apparel, printing and publishing.
and leather goods . 10,535 | 10,407 | 10,324] +12] +08 -0.4 } 10,825 | 10,727 | 10,579 8,908 | +215
WORK IN PROCESS
All manufacturing industries 133,211 | 133,687 | 132,610 04] +08 -0.2 | 135,077 | 134,693 | 131,668 | 131,586 42.7
Durable goods industries ........ 108,533 | 108,897 | 107,902 03] +09 -0.5 | 110,362 | 109,795 | 107,351 | 107,740 +24
Stone, clay, and glass products 1331 1'360 336 21} +18} 432 3336 1398 1,368 1048 | +275
Primary metals -. . . 8.216 8217 8,160 00] +074 +07 8,352 8,338 8,095 7558 | +105
Fabricated metal products : 8,002 8,040 8,041 05 00 | +10 8,108 8,090 8,024 7782 +42
Industrial machinery and equipment 19,611 | 19,677 | 19,540 03 | +07] +02) 20,000 | 19,792 | 19,278 | 19331 435
Electronic and other
electrical equipment ... . . 16,463 | 16,708 | 16,446 “15 | +16 0.8 | 16,712 | 16,916 | 16,386 | 15,684 +6.6
Transportation equipment . . . . 40,636 0,537 | 40,074 | +02] +12 -14 | 41302 | 40,680 | 39,757 | 41,718 -1.0
Instruments and related products 9,267 9,305, 9,243 04) 40.7] +02 9,494 9,479 9,347 9,443 +0.5
Lumber, furniture and
miscellaneous durable goods ... . . 5,007 5,053 5,062 -0.9 02 5,058 5,102 5,096 5,176 23
Nondurable goods industries... . . 24,678 | 24,790 | 24,708 05 | +03 24,715 | 24,898 | 24,317 | 23,846 43.6
Food and Kindred products 4,036 4,101 atid -16 -02 3,682 3,861 3,833 3,747 17
Tobacco products ....... 291 224 184 | +4299 | 421.7 240 166 136 144 | +66.7
Textile mill products . . . 2,749 2,713 2679 | +13] +13 2,773 2,751 2,672 2,579 475
Paper and allied products . . - 1470 1,453 1413 +12] 428 1501 1,496 1,445 1,223 | +22.7
Chemicals and allied products 5/573 5,605 5,559 06] +08 5,636 5,668 5,502 5,548 +16
Petroleum and coal products 2159 2164 2277 02 5.0 2224 2207 2327 2,408 -76
Rubber and plastics products . . 21055 2,075 2,083 -10 0.4 21041 2044 2017 1854 } +101
Apparel printing and publishing ©
and leather goods .. . . 6,345 6,455 6,402 17] +08 6,618 6,705 6,385, 6,343 +43
FINISHED GOODS
All manufacturing industries 142,543 | 142,713 | 142,233 0.1 | +03 | +07 | 143,653 | 143,686 | 142,819 | 133,994 472
Durable goods industries ....... 71,425 | 71,464 | 71,099 -0.1 | +05 | +09 | 71,457 | 72,003 | 71,677 | 65,879 +85
Stone, clay, and glass products . 4272 4,248 4211 +06} +09 | +07 4205, 4306 42241 3,785 | +111
Primary metals -........ 6,897 6,995 6/996 “14 00] +12 6,845 7,028 6,961 6,297 48.7
Fabricated metal products : 8,530 8,567 8,565 0.4 00] +09 8,481 8,731 8,890 7,979 +63
Industrial machinery and equipment 15,186 | 15,246 | 15301 “0.4 04 | +15 | 15,153 | 15,320 | 15,248 | 13,998 +83
Electronic and other
electrical equipment ... . 12,760 12,501 12,113 42.1 43.2 +0.4 13,016 12,718 12,420 10,386 +253
Transportation equipment . 83136 3313 8346 21 04 | +05 3,180 8,276 8,031 8,043 +17
Instruments and related products - 5,933 5,907 $927 +04 03 | +36 6,006 5,929 5,982 6,073 ll
Lumber, furniture and
miscellaneous durable goods . . . 9711 9,687 9640 | +02] +05 9,571 9,695, 9,904 9,318 42.7
Nondurable goods industries . TA18 | 71,249 | 71,134 0.2] +02 72,196 | 71,683 | 71,142 | 68,115 +60
Food and Kindred products « 16363 | 16,520 | 16,736 -1.0 -13 17,072 | 16,231 | 15,738 | 17,559 2.8
Tobacco products . . . . 318 484 510 | +70 “5.1 $25 457 480 671 218
Textile mill products. : . : ! 4372 4,565 4559 | +02] +0.1 4,602 4,648 4,657 4,335, 46.2
Paper and allied products . . 6,282 6,278 618 | +01] +26 6314 6,338 6,208 5576 | +132
Chemicals and allied products 18,778 | 18,757 | 18,631 +01) +07 18,598 | 18,573 | 18,440 | 17,139 +85
Petroleum and coal products 5,322 5,436 5,543 21 -19 5/365 5,533 5,621 53361 +0.1
Rubber and plastics products |... : 6847 6,846 6,790 00} +08 6,746 6,831 6,859 6,020 | +12.1
Apparel, printing and publishing
and leather goods .......... 12,436 | 12,363 | 12,247 | +06] +09 12,974 | 13,072 | 13,139 | 11,454] +133

° 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
Aug. July June} July-| June-|_ May- Aug. July June Aug.| Aug.
195° 1995" 1995] Aug.] July] June | 1995? 1995" 1995 1994] 95/94
All manufacturing industries 459,657 | 460,368 | 459,979 02} +01 04] 459,307} 461,863] 460,551] 448,024] +25
Manufacturing industries
without defense capital goods . . . 351,794] 352,661 | 350,882 02] +05 -0.3| 352,540] 354,606} 351,455] 338,034] +43
Durable goods industries... . . 434,273 | 434,223 | 434,012 00 0.0 -0.4] 433,261} 434,928] 433,944] 423,003] +24
Stone, clay, and glass Products 7,995 7,185 7,620) +2.7 +10] 8,382 8,082 7,594| 7,763 +8.0
Primary metals ...... . 27,734} 27,403) 27,781) +12 -23| 27247) 27,544] 28,241] 25,817] +55
Blast furnaces, steel mills . 11,745| 11,436| 11,446] -+2.7 14] 11557} 11,429} 11,637] 10,892] -+6.1
Iron and steel foundries ........ 33596] 3,639] 3,737 “12 2.4) 3,582] 3,681 3,750 3,479| — +3.0
Nonferrous and other primary
metals ...........- 12,393| 12,328] 12,98] +0.5 21 3.1] 12,108} 12,434] 12,854] 11,446] $5.8
Fabricated metal products. . . - | 2n3n0] 21418] 21,424 05 0.0 0.1} 21,490] 21,589] 21,480] 20,962) +2.5
Industrial machinery and equipment 72,790| 72,817] 73,212 oo| -05| +14] 72,213) 72,214] 72,835} 62,900} +14.8
Engines and turbines ........ 10,146] 10,232 10,342] 08] = 1.1] +5.0] 10,206} 10,048 9,950] 10,753 “5.1
Construction, mining and
material handling equipment 7,969 7937| 7,898] +04] +05| +06| 7,746] 7,779] 7,883] 6,494) +193
Metalworking machinery ...... 10,917 11,126 11,081 19 +04 -0.7 10,917 11,126 11,081 9,358] +16.7
Computer and office equipment . . . 12,212] 12,267) 12,487 0.4 -18| +44] 12359] 12,411] 12,791] 10371) +19.2
Electronic and other
electrical equipment ....... 54,468] 54819] $2,304 06] +48 -03| 54,482] 55,327] 52,019] 45,465] +19.8
Electrical transmission and
distribution equipment and
industrial apparatus . . . . 6,001 6,030 5,991 05] +07 -16] 6,010} 6,034 5,973 5972} +06
Electric lighting and
wiring equipment . .. . . 3,979] 3,853 3,806] +33] +12 21 3,979] 3,853 3,806] 3,508] +13.4
Communications equipment | 16,117] 16,671] 16,629] 3.3] +03 10] 16,099] 16,700) 16,627) 13,988] +15.1
Electronic components . 23,058} 22,867) 20,485] +08] +116] +11] 23,058] 23,399] 20,375] 16,223) +42.1
Transportation equipment . 195,883 | 195,839} 197,321 0.0 0.8 -0.9| 195,257] 195,709] 197,465] 203,346 4.0
Aircraft, missiles,
space vehicles, and parts. 166,184 | 165,687| 166,528] +03 05 165,545 | 165,541} 166,793] 174,706
Shipbuilding and tanks . : 17,197| 17,623} 17,940 24 18 17,245] 17,681 18,016] 16,204
Instruments and related products . 46,030} 46,083} 46,350 -0.1 -0.6 45,600| 45,755} 46,077] 48,259
Search and navigation equipment 29,505} 29,623] 30,055 04) -14 29,066 | 29,290] 29,791 | 31,543
Measuring and controlling devices . 10,026 9,947 9,757 40.8 +19 10,026 9,947 9,757 9,138
Medical instruments and supplies. 5,660 5,672 5,710 0.2 0.7 5,660| 5,672 5.710] 6,791
All other durable goods .. - 8,063 8,059 8,000 0.0 +0.7 8,590 8,708 8,233 8,491
Nondurable goods industries 25,384] 26,145] 25,967 29) +07 -06| 26,046} 26,935] 26,607} 25,021} +4.1

* Preliminary. ‘ Revised.

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


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

Seasonally adjusted Not seasonally adjusted!
Monthly Percent Change Monthly Percent Year to date
Industry change

Aug.| July] June | July-} June-] May-] Aug.] July] June | Aug. | Aug.
1995?| 1995"] 1995] Aug.| July] June} 195°} 1995'] 1995] 1994] 95/94] 1995? | 1994

All manufacturing industries +++ | 301,626} 293,863] 296,754) +2.6) 1.0} -0.1] 300,662} 265,461) 315,165] 285,567] +5.3 | 2,364,249 }2,198,539

Manufacturing industries
with unfilled orders ........ -} 166,381] 162,682| 163,782] 42.3)  -0.7
without defense capital goods - | 294,980] 288,882] 291,392] +21]  -0.9)

163,235] 145,071] 173,820] 150,652 +8.4] 1,293,636 ]1,180,312
294,824] 261,580} 309,940] 281,003 +4.9 | 2,320,290 [2,152,395

ec

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............. sess] 7,453] 7,063] 7,043] 45.5] +03] +1.1] 7,032] 6,284] 7,139] 6,113] +15.0] 58,014] 48,459
Fabricated metal products --| 15,991] 15,756] 15,613] +15] +09} -2.5] 16,295] 14,112] 16,573] 15,974] +2.0] 126,852] 120,751
Industrial machinery and equipment. 31,313] 29,818] 31,934] +5.0] -6.6] +2.4] 29,159] 24,985] 36,142] 27,875] +4.6] 244,082] 221,338
Engines and turbines «| 733] 1,639] 2213] -+5.7] -25.9] +21.5] 1,788] 1,320] 2,585] 2,605] -31.4] 13,628] 14,298
Construction, mining an
material handling equipment . . 3,254] 3,271] 3,254] 0.5] +0.5] -0.1] 3,034] 2,826} 3,384] 2,723] +114] 26,281] 22,345
Metalworking machinery 3,347] 3,507] 3,374) -4.6] 43.9) -5.2] 3,144] 2,890] 3,691] 3,061 42.7} 27,203{ 23,713
Computer and office equipment . 8,684] 8,149] 9,245] +6.6] -11.9] +11.) 7,726) 6,017] 11,847] 6,963] +11.0] 64,348] $7,467
Electronic and other
electrical equipment
Electrical transmission
distribution equipment and
industrial apparatus ........... 2,955] 2,883] 2,842) +25] +14) +0. 2,923] 2,588} 3,122| 2,534] +15.4] 23,067] 20,889
Electric lighting and
wiring equipment .... . .
Communications equipment
Electronic components .
Transportation equipment .
Aircraft, missiles,
space vehicles, and parts.
Shipbuilding and tanks

163,567] 156,130] 159,031] +4.8] 1.8] -0.3} 159,432} 133,407] 170,775] 149,592|  +6.6| 1,271,999]1,179,426
131,330] 127,133] 128,068] +33] -0.7]_-0.4] 127,403] 111,096] 137,275] 116,786] — +9.1 1,015,841] 929,629
7,548] 7,381) 7,182) +23] +28) +51] 8,178] 7,502 7,572) 7,327] +11.6| $7,105] 53,367
15,232] 14,318] 14,329] +641 -0.1] | -0.9] 14,640] 12,486] 14,575] 13,059] +12.1] 120,162] 104,895
6,485] 6.035] 6,063] +7.5| -0.5]  -3.7] 6,353] 5,247] 6,131] 5,830} +9.0| 51,662] 46.575
1294] 1,220] 1,223) +6.) -0.2) +23) 1,255] 955] 1.305] 1,116] +12.5] 10,486] 9,861

26,737] 28,304) 26,310) -5.5] +7.6 -1.8) 25,910] 26,033] 27,241) 22,100} +17.2) 207,283) 173,914

2,058] 1,938} 1,783] +62} +87] -6.8] 2,033] 1,627] 1,875] 1,838] +106] 15,316] 14,143
5,634] 6,115] 6,337] -79]  -3.5] 4.1] 5,109] 5,181] 7,222| 4.4291 +15.4] 46,736] 35,983
10,697] 12,457] 10,231] -14.1] +21.8| +09} 10,249] 12,172| 9,708] 7,922] +29.4] _ 83,049] 63,249
38,339] 33,278] 36,082] +15.) -7.8] -1.1] 36,611] 23,265] 39,335} 35,970] +1.8] 296,804] 293,970

8,704 7,353} 6,840) +184) +7.5] -16.6) 7,654) 5,935} 7,563} 5,618] +36.2 59,890] 56,703
445 468) 765) 4.9] -38.8) +50.3] 426) 396) 839) 406} +49 4,979 4,824

Instruments and related products ....] 11,664] 10,856] 11,263] +7.4] 3.6] +0.9] 11,345] 9,550] 12,344] 10,244] +10.7] 87,416] 82,431
Search and navigation equipment .| 2,468| 1,974] 2,236 +250) -11.7 .2) 2,298] 1,583] 2,466] 1,958] +17.4) 17,096} 16,489
Measuring and controlling devices .{ 3,833] 3,664] 3,733] +4.6]  -1.8/  +2.6{ 3,807] 3,235] 4,002] 3,173] +20.0] 29,156] 25,362
Medical instruments and supplies 3,158] 3,027] 3,087] +43) -1.9) +35] 3,114] 2,750] 3,378] 2,855] 49.1] 23,852] 22,825

Alll other durable goods .......... 16,743] 16,419] 16,318] +2.0] +0. -1.5]. 17,294] 15,474] 16,993) 17,043] +1.5] 132,295] 128,760

Nondurable goods industries ....... 138,059] 137,733] 137,723] +0.2| 0.0 +0.1] 141,230] 132,054] 144,390] 135,975} _+3.9] 1,092,2501,019,113
With unfilled orders ........ -- | 35,051] 35,549] 35,714] -1.4] -0.5] +1.7] 35,832] 33,975] 36,545] 33,866] +5.8] 277,795] 250,683

” 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 FOR INDUSTRY GROUPS
(Millions of dollars)

Seasonally adjusted ‘Not seasonally adjusted’
Monthly Percent Change Monthly Percent] Year to date
Industry change

Aug.| July| June | July-} June-] May-] Aug.| July} June | Aug. | Aug.
1995"| 1995'| 1995] Aug.| July] June} 19957] 1995] 1995] 1994} 95/94 | 1995" | 194

All manufacturing industries ... . . | 302,337| 293,474] 298,712} 43.0] 1.8] +0.5] 303,218] 264,149) 321,334] 288,395] +5.1} 2,356,710 |2,188,873
Manufacturing Industries
with unfilled orders... . . .} 167,092] 162,293] 165,740] +3.0]  -2.1] +1.2} 165,791] 143,759] 179,989] 153,480} +8.0] 1,286,097 |1,170,646
without defense capital goods . . . | 295/847] 287,103] 292.273] +3.0| -1.8]  +0.6| 296,890) 258,429] 314,418] 281,544] —_+5.5] 2,306,413 |2,135,581
Durable goods industries .... | 163,517] 155,919] 160,828] +49] 3.1] +0.8] 161,099] 132,423] 176,759] 152,591] +5.6] 1,266,186 ]1,174,050

With unfilled orders ........ - | 131,280] 126,922} 129,865} +3.4] 2.3] +0.9] 129,070} 110,112] 143,259) 119,785) +7.8] 1,010,028] 924,253
Stone, clay, and glass Products sees 7,338) 7,216 7,104] +1.7] +1.6) +1.8) 7,878) 7,014) 7,783 7,310) +78 56,237| 52,423
Primary metals ..... 14,901] 14,696] 14,983] +14 -1.9]  -1.2] 14,937] 13,183] 15,848} 13,535} +10.4] 120,774] 100,626

Blast furnaces, steel mills . . 6,176] 6,045 6,220) +2.2 -2.8)  -2.4] 6,225) 5,455] 6,555) 6,029) 433 50,756] 45,395

Iron and steel foundries. .......-| 1,337] 1,318] 1314] +14] +03) -09} 1,354] 1,024) 1,405] 1,271] +65] 10,591] 9,425
Nonferrous and other primary
metals... 7,388] 7,333| 7,449] +0.8|  -1.6] -0.3) 7,358] 6,704] 7,888] 6,235] +18.0] 59,427] 45,806

Fabricated metal products | 16,099] 15,762) 15,642] +2.1] +0.8) -0.5) 16,394] 14,003] 16,632] 15,806] 43.7] 125,854} 119,835
Industrial machinery and equipment 31,340] 30,213} 30,894) +3.7) -2.2|  +0.31 29,160] 25,606] 35,694] 26,270) +11.0] 239,065) 211,416

Engines and turbines ...... a 1,819 1,749) 1,721] +4.0)  +1.6) -13.3 1,630 1,222 1,952 1,728 5.7 14,046] = 13,684
Farm and garden machinery .. . 1,884 1,853] 1,789] +1.7) +36) +3.7] 1,462 1,380 1,816) 1,504 2.8 15,631 14,904
Construction, mining and

material handling equipment ... . 3,222] 3,232] + 3,204] 0.3] +09] +1.6f 3,067] 2,930) 3,482) 2,737) +12.1 25,534) 21,642
Metalworking machinery ... 3,556] 3,462] 3,451] +2.7] +03) +45] 3,353] 2,845] 3,768] 2,895} +15.8 25,863} 21,690
Computer and office equipment ...| 8,739] 8,369} 8,719] +4.4] 4. -08| 7.778| 6397] 11,490] 6,548) +18.8} 63,189] 54,347

Electronic and other
electrical equipment .....
Electrical transmission and
distribution equipment and
industrial apparatus
Household appliances
Electric lighting and
wiring equipment .......
Household audio and
video equipment ........ . 1,114] 1,165) 1,133 44) -1.0) 1,204 1,057) 1,006 1,184 +17 8,118 7,353
Communications equipment ..... 6,188) 6,073! 6,513} +1.9) +8.1 5,710] 5,108) 7,384) 4,846) +17.8 45,641) 37,027
Electronic components . . . 10,506} 10,075} 10,002] +43) +0.7) +4. 10,590} 9,148] 10,865 8,368] +26.6 75,923| 62,130
Transportation equipment . . . 38,295] 34,760) 37,812) +10.2) 8.1] +1.3] 37,063} 25,021} 41,884] 38,786) -44} 304,721} 304,100
Motor vehicles and parts . 27,435) 23,865] 26,141] +15.0) 8.7, +0.6) 26,742) 15,367] 28,813) 27,939 4.3] 216,270) 216,514
Aircraft, missiles,
space vehicles, and parts. .....| 8,207] 8,194] 8,465] +0.2|

27,088] 25,789] 26,454) +5.0} -2.5| +3.2] 26,755] 22,725] 28,847] 22,891) +16.9) 198,933] 172,887

2,984) 2,844 2,937] +4.9}
2,009 1,873 1,875] +7.3

+481 2,947] 2,527 3,240] 2,601) +13.3 22,803] 20,687
0. 2,089 1,776 2,140) 1,974 45.8 15,188] 14,970

1,932 1,891 1,864) +2.2) +14) -18) 1,907) 1,580} 1,956) 1,841 43.6 14,980] 13,872

+2. 7,650} 7,187] 9,818) 8,105 5.6 65,237} 66,022

Shipbuilding and tanks . . 871 785) 856] +11.0 +11 862) 731 907) 913] 5.6 6,673 7,916
Instruments and related products . 11,717) 11,123) 11,437) +5.3! 1.5] 11,500} 9,872} 12,536} 10,912 +54 89,834] 85,566
Search and navigation equipment . 2,586} 2,406] 2,451] +7.5 -2.9) 2,522] 2,084! 2,679] 2,410) +46 19,737] 19,236
Measuring and controlling devices . 3,754 3,474) 3,678] +8.1 +0.5} 3,728] 3,045 3,947] 3,265) +14.2 28,379] 25,056
Medical instruments and supplies . 3,170} 3,065) 3,090} +3.4] 2.1] 3,126) 2,797] 3,381 2,981 +4.9 24,484) 23,490
Photographic goods ..... . 1,797 1,778 1,801) +11 3.1 1,709 1,560] 2,070 1,874 8.8 14,004] 14,874

All other durable goods 16,739} 16,360) 16,502] +2.3 +0.9} 17,412] 14,999) 17,535] 17,081 +19} 130,768} 127,197

Nondurable goods industries .
With unfilled orders
Food and kindred products.
Meat products . .

138,820] 137,555] 137,884) +0.9) 0.2) +0.3} 142,119] 131,726] 144,575] 135,804) +4.7] 1,090,524 }1,014,823
35,812) 35,371) 35,875} +1.2) -14] +2.4) 36,721) 33,647) 36,730) 33,695 +9.0] 276,069] 246,393
36,599] 36,207] 36,009} +1.1] +0.5] +0.7) 37,225] 34,544) 37,163) 36,372 42.3] 285,066} 279,829

8,426 8,422) 8,280) 0.0) +1.7) 43.7) 8,704) 8,322| 8,524) 8,300] +4.9 65,386] 63,795

Dairy products . fees 4640] 4,571] 4,588] +15] -0.4]  -0.5] 4,733) 4,475] 4,825] 4,718] +0.3] 37,297) 36,875
Beverages .................-{ 5,622 5,382) 5,339] +45] +0.8) +0.5] 6,167) 5,601] 6,163] 5,749) +7.3) 43,545) 42,134
Alll other foods, except fats and oils | 16,087] 16,137] 15,979] -0.3] +10) -0.4} 15,797] 14,451] 15,828] 15,770} +0.) 123,809} 122,554

Tobacco products viene ee 2886] 2,965] 2.758] -2.7| +7.5|  -7.4] 2,944] 2,849] 2,899] 2,802] +5.1] 22,849) 21,433

Textile mill products ............] 6230] 6,161] 6,267] +1.1|  -1.7] -0.5) 6,627] 5,455] 6,933] 6,678) -0.8] 49,822) 48,428
Broadwoven fabrics and

other textiles ...............] 3,848] 3,742) 3,849] +2.8] -2.81  -1.0f 4,037] 3,200) 4,199) 4,081] -1.1] 30,966} 30,097
Paper and allied products .........| 14,036] 13,900] 14,220] +1.0]  -2.3] +1.5} 14,298] 13,513] 14,878] 12,087] +18.3] 109,779] 88,962
Pulp, paper, and
paperboard mill products ......| 6,239 6,189] 6,235] +0.8] -0.7] +15] 6,264) 6,097) 6,482] 4,775] +31.2) 47,934) 35,134
Paperboard containers and boxes ..| 3,664] 3,636) 3,750] +0.8] -3.0) -0.1] 3,789] 3,504] 3,910] 3,242) +16.9) 29,296] 23,156
Miscellaneous converted
paper products ............ 4,133) 4,075] 4,235] +14] -3.8) +3.0, 4,245] 3,912] 4,486) 4,070] +4.3] 32,549) 30,672
Chemicals and allied products +. | 31,098] 31,058] 30,706] +0.1]  +1.1] +0.9) 30,963] 29,342] 32,794] 28,966] +6.9| 246,506] 224,365

Industrial chemicals .....
Drugs, soaps, and toiletries.

16,818] 16,673] 17,037) +0.9] 2.1) +1.2) 16,852] 16,072) 18,113] 15,525 +8.5| 135,738] 117,013
10,648] 10,496} 10,169] +1.4] +3.2| -0.6] 10,776] 9,708] 10,659) 10,372 +39 80,810] 79,424

Petroleum and coal products ..... : 12,803} 12,727] 13,016} +0.6 -2.2) . 13,528} 13,231] 14,086] 13,593) 0.5] 103,417) 94,139
Rubber and plastics products sees] 10,097 9,704) 9,870) +4.0 1.7] -2.1) 10,274) 8,843) 10,722) 9,872 +4.1 80,756} 75,103
All other nondurable goods .......| 25,071] 24,833} 25,038} +1.0) 0.8]  +2.8] 26,260) 23,949) 25,100] 25,434] 43.2] 192,329] 182,564

* 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.