Current industrial reports

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Material Information

Title:
Current industrial reports
Portion of title:
Manufacturers' shipments, inventories, and orders
Physical Description:
v. : ; 28-29 cm.
Language:
English
Creator:
United States -- Bureau of the Census. -- Manufacturers' Shipments, Inventories, and Orders Branch
United States -- Bureau of the Census
Publisher:
U.S. Dept. of Commerce, the Bureau of the Census :
For sale by the Subscriber Services Section (Publications), Bureau of the Census
Place of Publication:
Washington, D.C
Creation Date:
March 1968
Publication Date:
Frequency:
monthly, with annual summary[1976-]
monthly[ former 1963-1975]
monthly
normalized irregular

Subjects

Subjects / Keywords:
Manufacturing industries -- Statistics -- Periodicals -- United States   ( lcsh )
Inventories -- Statistics -- Periodicals -- United States   ( lcsh )
Genre:
serial   ( sobekcm )
federal government publication   ( marcgt )
statistics   ( marcgt )

Notes

Additional Physical Form:
Also distributed to depository libraries in microfiche.
Additional Physical Form:
Some monthly issues also available via Internet from the Census Bureau website as: Highlights from the preliminary report on manufacturers' shipments, inventories, and orders. Address as of 12/17/03: http://www.census.gov/indicator/www/m3/prel/priorrel.htm; current access available via PURL.
Additional Physical Form:
Some annual summaries also available via Internet from the Census Bureau website. Address as of 12/8/2005: http://www.census.gov/prod/www/abs/m3-1.html; current access available via PURL.
Dates or Sequential Designation:
Oct. 1963-
Numbering Peculiarities:
Some annual summaries issued in revised editions.
Numbering Peculiarities:
Each annual summary cumulates previous issues for a period of prior years, i.e., annual summaries for <1976>-197 cumulate from 1958.
Issuing Body:
Prepared by: Bureau of the Census, Industry Division, Manufactures' Shipments, Inventories, and Orders Branch, 1963-1964; issued by: U.S. Department of Commerce, Economics and Statistics Administration, Bureau of the Census, <2000->
General Note:
Title from cover.
General Note:
Some issues not distributed to depository libraries in a tangible format.
General Note:
Paper copy no longer sold by Supt. of Docs., U.S.G.P.O.
General Note:
Latest issue consulted: July 2002.

Record Information

Source Institution:
University of Florida
Rights Management:
All applicable rights reserved by the source institution and holding location.
Resource Identifier:
aleph - 001320832
notis - AGH1708
oclc - 02548418
lccn - 74614399
issn - 0364-1880
Classification:
lcc - HD9724 .U52a
ddc - 380.1/0973
System ID:
AA00008477:00118

Related Items

Preceded by:
Industry survey
Preceded by:
Manufacturers' shipments, inventories, and orders

Full Text

CURRENT INDU,\ 3-STRIAL REPORTS-
CURRENT INDUSTRIAL REPORTS


ow (W C
Oe C
qt^ f

<4TS O


it of Commerce
&E CENSUS


Manufacturers' Shipments,

Inventories, and Orders

December 1986
M3-1(86)-12


For Wire Transmission 10:00 a.m. E. S. T. Tuesday, February 3, 1987


(All Figures in text are in seasonally adjusted current dollars)


NOTICE Impending changes in the M3 survey, effective with the February 1987
advance report on durable goods, are outlined on page 8.


Sum iers for manufactured goods in December
increase---.5 Dillion or 1.2 percent to $201.9 billion,
following a 3.6 percent increase in November. Both months
were strongly influenced by wide swings in orders for
defense capital goods. Excluding defense, orders in
December increased 4.4 percent and in November 0.9 percent.
Shipments of manufactured goods in December increased $6.4
billion or 3.2 percent to $203.6 billion. Increases were
widespread in both durable and nondurable goods industries,
the largest occurring in motor vehicles and parts.
Unfilled orders in December decreased $1.7 billion or 0.5
percent to $365.4 billion. A large decline in the defense
orders backlog more than offset increases in other
industries. Excluding defense, unfilled orders increased
1.4 percent.
Manufacturers' inventories in December decreased $0.6
billion or 0.2 percent to $275.8 billion. Inventories have
shown a slow downward trend since the March 1985 level of
$286.2 billion. The inventory to shipments ratio in
December was 1.35 down from 1.40 in November.
New orders for all of 1986 totaled $2350.4 billion,
unchanged from 1985. Shipments for 1986 were $2348.8
billion, up 0.3 percent from 1985. Unfilled orders at
$365.4 billion were 0.4 percent above the end of 1985.
Inventories at $275.8 billion were 2.1 percent below the end
of 1985.
NEW ORDERS. New orders in both the durable and nondurable
goods sectors were up in December. Durables increased $1.0
billion or 0.9 percent to $109.8 billion. A decline of $5.9
billion in defense orders nearly offset several other large
increases. New orders for primary metals increased $1.2
billion or 12.6 percent to $10.6 billion, following three
months of declines. Electrical machinery increased $1.7
billion or 10.3 percent to $18.5 billion, following declines
in October and November.
Transportation equipment showed a slight decline in
December, down $0.1 billion or 0.2 percent to $30.2 billion;
a large decline in defense aircraft and parts more than
offset large increases in nondefense aircraft and parts and
motor vehicles and parts. Nonelectrical machinery declined
$1.4 billion or 8.5 percent to $15.5 billion, following a
11.3 percent increase in November.


New orders for nondurable goods in December increased $1.4
billion or 1.6 percent to $92.1 billion; the largest
increases were in paper, printing and publishing and
tobacco.
SHIPMENTS. Shipments in the durable goods sector increased
$5.0 billion or 4.7 percent to $111.6 billion. Nearly all
the increase was in the transportation equipment industry,
up $4.5 billion or 16.3 percent to $32.1 billion; motor
vehicles and parts increased $3.4 billion or 19.8 percent
and aircraft and parts $1.1 billion or 12.4 percent.

Shipments of nondurable goods increased $1.4 billion or 1.6
percent to $92.0 billion; the largest increases were in
paper, publishing and printing, and tobacco.

UNFILLED ORDERS. Virtually all unfilled orders are held by
durable goods manufacturers. In December the durable goods
orders backlog declined $1.8 billion or 0.5 percent to
$354.0 billion. Decreases in transportation equipment and
nonelectrical machinery more than offset a large increase in
primary metals. Transportation was down $1.9 billion or 1.2
percent to $159.8 billion, defense aircraft and parts and
shipbuilding had large declines while nondefense aircraft
and parts were up. Nonelectrical machinery declined $1.7
billion or 3.1 percent to $53.3 billion with the decreases
concentrated in the engines and turbines and office and
computing equipment categories.

INVENTORIES. Inventories of durable goods manufacturers in
December were down $1.7 billion or 0.9 percent to $183.8
billion, while nondurable goods manufacturers' increased
inventories $1.1 billion or 1.2 percent to $92.0 billion.
By stage of fabrication, the decline in durable goods
inventories was in both work in process and finished goods,
while the increase in nondurable goods was reflected in all
three stages of fabrication.

SCHEDULED RELEASE DATES. The advance report on durable
goods for January is scheduled for release on February 24,
1987 at 8:30 a.m. and the full report on March 4, 1987 at
10:00 a.m.


Address inquiries concerning these figures to U.S. Department of Commerce, Bureau of the Census, Industry Division, Washington, D.C. 20233,
or call Ruth Runyan or Kathleen Menth, (301) 763-2502 or (301) 763-2512.
For sale by the Superintendent of Documents, U.S. Government Printing Office, Washington, D.C. 20402. This press release is also
available on the date of issue through the Census Bureau's online information service-CENDATAm. The online version of the report can
be read from a terminal screen, printed on- or off-line, or copied to a computer file for future use. CENDATA is available from Dialog
Information Services, Inc. (800/334-2564). Further information about accessing CENDATA can be obtained from Dialog. The CENDATA
Staff at the Bureau of the Census (3011763-2074) can provide content information and general guidance, or write for a brochure to CENDATA,
DUSD, Bureau of the Census, Washington, DC 20233.










Table 1. VALUE OF MANUFACTURERS' SHIPMENTS FOR INDUSTRY GROUPS, MARKET CATEGORIES AND SUPPLEMENTARY SERIES

(Millions of dollars)

Seasonally adjusted Not seasonally adjusted

Industry Monthly Percent change Monthly Year to date
SIC Dec. Nov. Oct. Sept. Nov.- Oct.- Sept.- Dec. Nov. Oct. Sept.
Code 1986P 1986r 1986 1986 Dec.P Nov.r Oct. 1986P 1986r 1986 1986 1986P 1985

All manufacturing industries 203,605 197,222 196,202 196,281 +3.2 +0.5 0.0 195,949 194,462 201.296 207,008 2,347,621 2,341,220


Manufacturing industries with
unfilled orders................. 113,464 110,697 110,360 109,570 +2.5 +0.3 +0.7 111,541 109,701 113.145 115,565 1,302,437 1,272,229

Durable goods industries......... 111,631 106,669 107,443 106,027 +4.7 -0.7 +1.3 106,753 104,768 110,545 111,768 1,268,935 1,243,793
With unfilled orders............ 89,580 87,680 87,215 86,218 +2.2 +0.5 +1.2 88,337 86,547 89,049 91,180 1,031,738 1,019,749
Stone, clay, and glass products. 4,744 4,968 4,978 4,941 -4.5 -0.2 +0.7 4,134 4,872 5,277 5,396 59,024 57,255
Glass containers ............. 451 450 450 415 +0.2 0.0 +8.4 383 416 459 430 5,173 4,806
Primary metals................ 9,510 9,500 9,770 9,644 +0.1 -2.8 +1.3 8,504 8,984 9,772 9,734 117,024 125,777
Blast furnaces, steel mills... 3,770 3,678 3,890 3,833 +2.5 -5.4 +1.5* 3,438 3,476 3,828 3,756 47,381 52,519
Nonferrous and other primary
metals..................... 4,576 4,608 4,673 4,683 -0.7 -1.4 -0.2 4,109 4,341 4,706 4,856 55,434 58,589
Fabricated metal products....... 14,157 14,036 14,397 14,266 +0.9 -2.5 +0.9 13,136 13,697 15,037 15,046 170,104 168,953
Metal cans, barrels, and drums 911 902 904 837 +1.0 -0.2 +8.0 756 766 859 947 10,973 11,318
Machinery, except electrical.... 17,207 16,800 16,750 16,597 +2.4 +0.3 +0.9 18,622 16,494 16,619 17,639 204,719 212,620
Engines and turbines......... 1,645 1,277 1,264 1,249 +28.8 +1.0 +1.2 1,666 1,173 1,176 1,313 15,130 15,087
Farm machinery and equipment.. 712 708 647 730 +0.6 +9.4 -11.4 626 622 736 754 9,469 10,391
Construction, mining, and
material handling equipment.. 2,457 2,592 2,434 2,319 -5.2 +6.5 +5.0 2,469 2,579 2,478 2,472 32,915 33,602
Metalworking machinery ........ 870 950 961 918 -8.4 -1.1 +4.7 888 907 1,031 1,003 10,505 10,494
General industrial machinery.. 1,195 1,446 1,510 1,463 -17.4 -4.2 +3.2 1,250 1,394 1,575 1,491 17,369 16,945
Office and computing machines. 4,563 4,003 4,001 4,256 +14.0 0.0 -6.0 6,325 4,291 3,753 4,775 49,214 55,517
Electrical machinery ........... 17,926 17,607 16,909 17,258 +1.8 +4.1 -2.0 17,811 17,614 17,240 18,362 197,160 185,514
Electrical transmission and
distribution equipment and
industrial apparatus......... 2,223 2,137 2,135 2,129 +4.0 +0.1 +0.3 2,277 2,071 2,068 2,298 25,475 24,923
Household appliances......... 1,564 1,635 1,667 1,598 -4.3 -1.9 +4.3 1,361 1,493 1,712 1,750 18,013 17,117
Radio and TV................. 1,195 1,196 1,213 1,203 -0.1 -1.4 +0.8 1,142 1,234 1,363 1,421 13,190 11,166
Communication equipment...... 6,178 6,084 5,467 5,973 +1.5 +11.3 -8.5 6,530 6,057 5,434 6,076 66,003 62,474
Electronic components......... 3,331 3,383 3,299 3,280 -1.5 +2.5 +0.6 3,121 3,390 3,279 3,487 39,490 38,865
Transportation equipment........ 32,117 27,607 28,334 27,082 +16.3 -2.6 +4.6 29,478 27,231 29,316 28,114 329,694 313,427
Motor vehicles and parts...... 20,626 17,216 17,720 17,777 +19.8 -2.8 -0.3 16,785 16,841 18,919 18,404 211,698 203,371
Aircraft, missiles, and parts. 9,755 8,680 8,878 7,720 +12.4 -2.2 +15.0 10,976 8,828 8,740 8,202 98,945 90,601
Shipbuilding and military
tank vehicles............... 759 732 684 648 +3.7 +7.0 +5.6 855 727 681 656 8,495 9,818
Instruments and related products 4.723 4,725 4,823 4,568 0.0 -2.0 +5.6 4,871 4,747 4,959 4,942 56,341 56,743
Scientific and engineering
instruments................. 3,009 3,042 3,094 2,919 -1.1 -1.7 +6.0 3,169 2,954 3,094 3,147 36,685 37,310
Photographic goods......... 1,523 1,504 1,555 1,492 +1.3 -3.3 +4.2 1,549 1,618 1,675 1,622 17,558 17.,186

All other durable goods........ 11,247 11,426 11,482 11,671 -1.6 -0.5 -1.6 10,197 11,129 12,325 12,535 134,869 123,504


32
322
33
331
333-9

34
341
35
351
352
353

354
356
357
36
361,2


363
365
366
367
37
371
372,6
3731,95

38
381-4

386
24,25,
39



20
201
208
207
203-6,9
21
22
26
261-3,6
265
264
28
281,6

283,4
29
30
23,27,
31


90,751 95,240
24,096 24,385
27,172 28,307
6,398 6,262
3,982 4,025
1,090 1,088
12,340 13,571
1,508 2,013
5,002 5,067
9,479 9,704
4,050 4,115
1,896 1,914
3,533 3,675
17,161 18,767

5,684 5,982
5,155 6,162
10.306 11,006
4,257 4,250


All other nondurable goods...... 15,395 14,704 1,513 15,028 +4.7 +1.3 -3.4 14,351 15,619 15,866 16,126


Market categories:
Home goods and apparel.......... 14,127 13,865 13,461 14,107 +1.9 +3.0 -4.6 11.943 14,194
Consumer staples................ 18,47, 17,989 37,419 38,088 +1. 1 +1.5 -1.8 38,709 38,7053
Equipment and defense product ,
except automotive............. 12,013 30,870 30,486 29,731 +3.7 +1.3 +2.5 35,352 30.6809
Automotive equipment............ ..,641 19,266 19,861 19,696 +17.5 -3.0 +0.8 18,435 18.626
Construction materials, supplies
and Intermediate products ..... I1,72s I,o2. 18,623 187.40 -2.6 -2.1 +1. 16,1I10 1,h# 79
Other materials, supplies, uid
intermediate products........... 7,t '7,<)' 76,12 76, 19 +2.1 +).9 +0.1 75,180 7'5,20

Supplementary serIes:2
Capital goods Industries ........ s. h.)20 7 ,710 .,?78 +05. +1.7 +2.8 41,693 16,413
Nondefense ................. .^., 27.,28 7,722 27.,181 +5. -0.3 +2.4 31,791 27,'74
Defense*....................... 9,.17 ,1 92 8,0 0 7,687 7 -. 5 8. S +4.2 ,902 8,73


14,452 15,8R1
)8,379 40,439

o0,317 131,611
21,084 20, 111

19,401 19,h09

77.0'7 78,56 5


17.551 3.860
27., 0 S.8, '
8.045? 8,1O5


1,078,686 1,097,427
270,699 252,480
310,977 296,142
69,486 67,646
47,622 45,246
12,803 13,673
141,253 130,891
21,953 20,606
54,479 52,627
109,378 97,565
46,553 41,811
21,935 21,407
40,890 34,347
214,045 214,145

70,400 71,038
61,753 56,1 61
143,026 194,3 1
47,694 48,246

177,134 17 3,86


160,063
444,5113

164,609
271,289


217,55809
922.Q~Q


S8,790
it',521

64.,1 1
22h,162

20.,t04
2t 0,0I


70 ,77197


Household durable goods
Lndustries................ .. .209 7,113 ?,89 -i. +1.1 -4.. 6, 1.. 7.2.. ?1 ,*85.. 8,52 1. 1 78,046

See footnotes at end of table 2.


Nondurable goods industries....... 91,974 90,553 88,759 90,254 +1.6 +2.0 -1.7 89,196 89,694
With unfilled orders........... 23,884 23,017 23,145 23,352 +3.8 -0.6 -0.9 23,204 23,154
Food and kindred products....... 26,571 26,703 26,469 26,552 -0.5 +0.9 -0.3 26,386 26,506
Meat products................ 5,819 6,181 6,164 6,127 -5.9 +0.3 +0.6 5,930 6,138
Beverages.................... 4,052 3,856 3,931 3,997 +5.1 -1.9 -1.7 3,525 3,617
Fats and oils................ 1,0)97 1,110 1,092 1,073 -1.2 +1.6 +1.8 1,106 1.150
All other foods.............. 12,106 12,084 11,900 12,095 +0.2 +1.5 -1.6 12,457 12,132
Tobacco products.............. 2,403 2,038 1,486 1,815 +17.9 +37.1 -18.1 2,581 2,052
Textile mill products.......... 4,693 4,692 4,793 4,693 0.0 -2.1 +2.1 4,389 4,565
Paper and allied products ....... 9,826 9,489 9,397 9,515 +3.6 +1.0 -1.2 9,197 9,138
Pulp, paper etc.............. 4,355 3,998 4,086 4,077 +8.9 -2.2 +0.2 4,093 3,945
Paperboard containers ...... 1,961 1,837 1,790 1,855 +6.8 +2.6 -3.5 1,763 1,786
All other paper products...... 3,510 3,654 3,521 3,583 -3.9 +3.8 -1.7 3,341 3,407
Chemicals and allied products... 18,070 17,854 17,903 17,949 +1.2 -0.3 -0.3 17,587 16,842
Industrial chemicals, except
pigments..................... 5,917 6,050 5,952 5,958 -2.2 +1.6 -0.1 5,775 5,778
Drugs, soaps, and toiletries.. 5,239 5,152 5,239 5,249 +1.7 -1.7 -0.2 5,370 4,961
Petroleum and coal products..... 10.963 10,986 10,203 10,718 -0.2 +7.7 -4.8 11,099 10,997
Rubber and plastics produots.... 4,053 4,087 3,995 3,98. -0.8 +2.3 +0.3 3,606 3,975









Table 2. VALUE OF MANUFACTURERS' NEW ORDERS FOR INDUSTRY GROUPS, MARKET CATEGORIES, AND SUPPLEMENTARY SERIES
(Millions of dollars)

Seasonally adjusted Not seasonally adjusted

Monthly Percent change Monthly Year to date
Industry
SIC Dec. Nov. Oct. Sept. Nov.- Oct.- Sept.- Dec. Nov. Oct. Sept.
Code 1986P 19861 1986 1986 Dec.P Nov.r Oct. 1986P 1986r 1986 1986 1986P 1985

All manufacturing industries 201,913 199,454 192,502 199,399 +1.2 +3.6 -3.5 198,481 194,988 199,388 208,321 2,349,320 2,349,640

Manufacturing Industries with
unfilled orders ................. 111,772 112,929 106,660 112,688 -1.0 +5.9 -5.3 114,073 110,227 111.,237 116,878 1,304,136 1,280,648

Durable goods industries......... 109,838 108.826 103,569 108,723 +0.9 +5.1 -4.7 109.153 105,407 108,623 112.745 1,269,999 1,251,657
With unfilled orders............ 87,787 89,837 83,341 88,914 -2.3 +7.8 -6.3 90,737 87,186 87,127 92,157 1,032,802 1,027,613
32 Stone, clay, and glass products. 4,680 4,960 4,958 4,960 -5.6 0.0 0.0 4,049 4,844 5,200 5,359 58,863 57,491
33 Primary metals................. 10,628 9,441 9,713 9,842 +12.6 -2.8 -1.3 9,883 9,011 9,516 9,588 117,705 126,403
331 Blast furnaces, steel mills... 4,451 3,738 3,677 4,212 +19.1 +1.7 -12.7 4,314 3,599 3,561 3,903 48,259 53,023
333-9 Nonferrous and other primary
metals..................... 4,999 4,669 4,651 4,504 +7.1 +0.4 03.3 4,567 4,399 4,499 4,589 54,837 58,219
34 Fabricated metal products ..... 14,471 14,300 14,217 14,051 +1.2 +0.6 +1.2 13,501 13,687 14,524 14,759 169,070 167,729
35 Machinery, except electrical.... 15,506 16,951 15,231 16,523 -8.5 +11.3 -7.8 16,924 16,596 15,819 17,091 198,657 210,701
351 Engines and turbines ........ .. 640 1,193 727 1,541 -46.4 +64.1 -52.8 500 970 1,128 1,510 13,401 14,952
353 Construction, mining, and
material handling equipment.. 2,589 2,680 2,375 2,170 -3.4 +12.8 +9.4 2,585 2,680 2,415 2,320 31,526 34,027
354 Metalworking machinery........ 715 881 796 980 -18.8 +10.7 -18.8 671 834 882 967 9,927 10,729
356 General industrial machinery.. 1,235 1,476 1,473 1,416 -16.3 +0.2 +4.0 1,243 1,416 1,567 1,386 17,247 16.527
357 Office and computing machines. 3,848 4,159 3,537 3,868 -7.5 +17.6 -8.6 5,902 4,479 3,338 4,267 47,406 54,137
36 Electrical machinery........... 18,469 16.739 17.083 17,672 +10.3 -2.0 -3.3 18,845 16,050 17,301 18,612 199,234 189,040
361,2 Electrical transmission and
distribution equipment and
industrial apparatus........ 2,134 2,017 2,198 2,228 +5.8 -8.2 -1.3 2,168 1,937 2,129 2,363 25,084 24,482
363 Household appliances.......... 1,511 1,607 1,667 1,653 -6.0 -3.6 +0.8 1,326 1,460 1,652 1,778 17,935 17,111
365 Radio and TV .................. 1,043 1,205 1,410 1,280 -13.4 -14.5 +10.2 1,062 1,185 1,351 1,496 13,118 11,169
366 Communication equipment...... 6,048 5,540 5,709 6,341 +9.2 -3.0 -10.0 6,968 5,122 5,801 6,706 69,188 69,438
367 Electronic components........ 4,371 3,164 3,006 3,059 +38.1 +5.3 -1.7 4,042 2,967 3,020 2,944 38,788 35,939
37 Transportation equipment....... 30,176 30,247 26,115 28,964 -0.2 +15.8 -9.8 31,254 29,625 29,317 29,772 335,392 320,041
372,6 Aircraft, missiles, and parts. 8,574 12,518 6,783 9,530 -31.5 +84.5 -28.8 13,197 11,742 8,724 9,872 IC5,621 101,596
3731,95 Shipbuilding arfi military
tank vehicles............... 301 -348 317 774 (n) -209.8 -59.0 487 362 347 739 7,939 6,549
38 Instruments and related products 4,597 4,601 4,843 4,843 -0.1 -5.0 0.0 4,729 4,573 4,901 5,159 55,987 57,033
24.25,
39 All other durable goods........ 11,311 11,587 11,409 11,868 -2.4 +1.6 -3.9 9,968 11,021 12,045 12,405 135,091 123,219

Nondurable goods industries....... 92,075 90,628 88,933 90,676 +1.6 +1.9 -1.9 89,328 89,581 90,765 95,576 1,079,321 1,097,983
With unfilled orders........... 23,985 23,092 23,319 23,774 +3.9 -1.0 -1.9 23,336 23,041 24,110 24,721 271,334 253,035

Market categories:
Home goods and apparel......... 13,815 13,915 13,624 14,332 -0.7 +2.1 -4.9 11,577 13,953 14,648 15,798 163,709 158,586
Consumer staples............... 38,518 38,033 37,420 38,044 +1.3 +1.6 -1.6 38,750 38,061 38,363 40,924 444,552 416,623
Equipment and defense products,
except automotive ............ 30,308 32,480 26,930 30,473 -6.7 +20.6 -11.6 36,648 32.,007 29,552 32,106 365,946 372,472
Automotive equipment ........... 22,399 19,209 20,091 19,681 +16.6 -4.4 +2.1 18,434 18,521 21,428 20,285 234,076 225,227
Construction materials, supplies
and intermediate products...... 17,832 18,189 18,476 18,250 -2.0 -1.6 +1.2 16,237 17,545 19,148 19,478 216,831 206,385
Other materials, supplies, and
intermediate products......... 79,041 77,628 75.961 78,619 +1.8 +2.2 -3.4 76,835 74,901 76,249 79,730 924,206 970,347

Supplementary series:2
Capital goods industries....... 34,586 38,798 31,913 37,060 -10.9 +21.6 -13.9 42,136 38,029 34,680 38,715 423,682 423,075
Nondefense................... 30,116 28,442 26,912 28.222 +5.9 +5.7 -4.6 32,105 28,029 28,120 29,027 326,145 326,577
Defense...................... 4,470 10,356 5,001 8,838 -56.8 +107.1 -43.4 10,031 10,000 6,560 9,688 97,537 96,498

Household durable goods
industries.................... 6,952 7,330 7,333 7,707 -5.2 0.0 -4.9 6,158 7,024 7,603 8,443 84,321 77,795

PPreliminary. rRevised. (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. Using absolute values the percent increase
in new orders for shipbuilding and military tank vehicles in December was 186.0 percent.

IShipments and new orders are the totals for the period and are adjusted for trading-day and calendar-month variations; unfilled orders and inventories
areas of the end of the period and are not adjusted for trading-day or calendar-month variations.
The supplementary series are regroupings of the separate industry categories: Household durable goods Industries includes household furniture; kitchen
articles and pottery; cutlery, hand tools, and hardware; household appliances, radio and TV, ophthalmic goods, watches, and clocks; and miscellaneous per-
sonal goods.
Nondefense capital goods include machinery, except electrical (excluding farm machinery and equipment and machine shops); electrical machinery (excluding
household appliances, radio and TV, and electronic components); railroad equipment; and the nondefense portions of ordnance; communication equipment; air-
craft and aircraft parts; and shipbuilding, converting and repairing.
Defense capital goods include ordnance, communication equipment, aircraft and aircraft parts, and shipbuilding converting and repairing. The defense
data are comparable to those published annually in the MA-175, Shipments to Federal Government Agencies.









Table 3. VALUE OF MANUFACTURERS' UNFILLED ORDERS FOR INDUSTRY GROUPS, MARKET CATEGORIES, AND SUPPLEMENTARY SERIES

(Millions of dollars)

Seasonally adjusted Not seasonally adjustedl

Industry End of month Percent change End of month
SIC Dec. Nov. Oct. Sept. Nov.- Oct.- Sept.- Dec. Nov. Oct. Sept. Dec.
Code 1986P 1986r 1986 1986 Dec.P Nov.r Oct. 1986P 1986r 1986 1986 1985

All manufacturing industries.. 365,437 367,129 364,897 368,597 -0.5 +0.6 -1.0 363,059 360,527 360,001 361,909 361,360

Durable goods Industries ............ 353.989 355,782 353,625 357,499 -0.5 +0.6 -1.1 351,955 349,555 348,916 350,838 350,891
32 Stone, clay, and glass products... 2,602 2,666 2,674 2,694 -2.4 -0.3 -0.7 2,472 2,557 2,585 2,662 2,633
33 Primary metals .................... 20,430 19,312 19,371 19,428 +5.8 -0.3 -0.3 19,811 18.432 18.405 18,661 19,130
331 Blast furnaces, steel mills..... 10,097 9,416 9,356 9,569 +7.2 +0.6 -2.2 9,784 8,908 8,785 9.052 8,906
333-9 Nonferrous and other primary
metals........................ 6,439 6,016 5,955 5,977 +7.0 +1.0 -0.4 6,149 5,691 5,633 5,840 6,746
34 Fabricated metal products......... 19,358 19,044 18,780 18,960 +1.6 +1.4 -0.9 18,923 18,558 18,568 19,081 19,957
35 Machinery, except electrical...... 53,315 55,016 54,865 56,384 -3.1 +0.3 -2.7 52,991 54,689 54,587 55,387 59,053
351 Engines and turbines ............ 13,192 14,197 14,281 14,818 -7.1 -0.6 -3.6 13,298 14,464 14,667 14,715 15,027
353 Construction, mining, and
material handling equipment.... 4,993 4,861 4,773 4,832 +2.7 +1.8 -1.2 4,928 4,812 4,711 4,774 6,317
354 Metalworking machinery.......... 3,320 3,475 3,544 3,709 -4.5 -1.9 -4.4 3,300 3,517 3,590 3,739 3,878
356 General industrial machinery.... 4,201 4,161 4,131 4,168 +1.0 +0.7 -0.9 4,121 4,128 4,106 4,114 4,243
357 Office and computing machines... 17,220 17,935 17,779 18,243 -4.0 +0.9 -2.5 17,082 17,505 17,317 17,732 18,890
36 Electrical machinery.............. 84,376 83,833 84,701 84,527 +0.6 -1.0 +0.2 83,515 82,481 84,045 83,984 81,441
361,2 Electrical transmission and
distribution equipment and
industrial apparatus........... 5,410 5,499 5,619 5,556 -1.6 -2.1 +1.1 5,350 5,459 5,593 5,532 5,741
363 Household appliances............ 322 375 403 403 -14.1 -6.9 0.0 279 314 347 407 357
365 Radio and TV.................... 418 570 561 364 -26.7 +1.6 +54.1 366 446 495 507 438
366 Communlcation equipment......... 60,911 61,041 61,585 61,343 -0.2 -0.9 +0.4 60,718 60,280 61,215 60,848 57,533
367 Electronic components........... 15,740 14,700 14,919 15,212 +7.1 -1.5 -1.9 15,268 14,347 14,770 15,029 15,970
37 Transportation equipment.......... 159,786 161,727 159,087 161,306 -1.2 +1.7 -1.4 160,873 159,097 156,703 156,702 155,175
372,6 Aircraft, missiles, and parts... 137,439 138,620 134,782 136,877 -0.9 +2.8 -1.5 138,208 135,987 133,073 133,089 131,532
3731,95 Shipbuilding and military
tank vehicles.................. 16,864 17,322 18,403 18,770 -2.6 -5.9 -2.0 17,031 17,399 17,764 18.098 17,588
38 Instruments and related products.. 8,381 8,507 8,631 8,611 -1.5 -1.4 +0.2 8,250 8,392 8,566 8,624 8,604
24,25,
39 All other durable goods .......... 5,741 5,677 5,516 5,589 +1.1 +2.9 -1.3 5,120 5,349 5,457 5,737 4,898

Nondurable goods Industries ..... 11,448 11,347 11,272 11,098 +0.9 +0.7 +1.6 11,104 10,972 11,085 11,071 10,469

Market categories:
Home goods and apparel........... 4,283 4,595 4,545 4,382 -6.8 +1.1 +3.7 3,694 4,060 4,301 4,605 3,618
Consumer staples................. 770 728 684 683 +5.8 +6.4 +0.1 752 711 703 719 733
Equipment and defense products,
except automotive................ 229,489 231,194 229,584 233,140 -0.7 +0.7 -1.5 229,597 228,301 226,974 227,755 228.260
Automotive equipment............. 5,170 5,412 5,469 5,239 -4.5 -1.0 +4.4 5,341 5,342 5,447 5,103 5,554
Construction materials, supplies
and intermediate products ....... 11,664 11,577 11,616 11,763 +0.8 -0.3 -1.2 11,249 11,342 11,476 11,829 11,976
Other materials, supplies, and
intermediate products............ 114,061 113,623 112,999 113,390 +0.4 +0.6 -0.3 112,426 110,771 111,100 111,898 tl,219

Supplementary series:2
Capital goods industries.......... 277,903 281,557 279,079 282,896 -1.3 +0.9 -1.3 278,186 277,743 276,127 276,998 275,540
Nondefense...................... 132,834 131,786 130,972 131,782 +0.8 +0.6 -0.6 131,714 131,400 131,045 130,431 132,702
Defense......................... 145,069 149,771 148,107 151,114 -3.1 +1.1 -2.0 146,472 146,343 145,082 146,567 142,838

Household durable goods
industries....................... 3,944 4,149 4,028 3,828 -4.9 +3.0 +5.2 3,370 3,626 3,805 4,056 3,180

See footnotes at end of table 2.











Table 4. VALUE OF MANUFACTURERS' INVENTORIES FOR INDUSTRY GROUPS, MARKET CATEGORIES, AND SUPPiLEMENTARY SERIES

(Millions of dollars)

Seasonally adjusted Not seasonally adjusted

Industry End of month Percent change End of month

SIC Dec. Nov. Oct. Sept. Nov.- Oct.- Sept.- Dec. Nov. Oct. Sept. Dec.
Code 198bP 1986r 198 6 Dec.P Nov.r Oct. 1986P 1986r 1986 1986 1985

All manufacturing industries.. 275,846 276,416 276,007 276,574 -0.2 +0.1 -0.2 271,904 275,187 275,619 275,097 277,885


Manufacturing industries with
unfilled orders................... 192,113 193,402 193,858 194,469 -0.7

Durable goods industries........... 183,822 185,496 185,358 186,102 -0.9
With unfilled orders.... .......... 168198 169,764 17110,325 170,885 -0.9
32 Stone, clay, and glass products... 5.553 5.581 5,480 5,529 -0.5
322 Glass containers .............. 692 672 652 644 +3.0
33 Primary metals.......... .. .. 15,673 15,510 15,514 15,855 +1.1
331 Blast furnaces, steel mills..... 6,356 6.349 6,272 6,515 +0.1:
333-9 Nonferrous and other primary
metals...................... 8,139 8,021 8,079 8,140 +1.5
34 Fabricated metal products...... 18,662 18,616 18,533 18,734 +0.2
341 Metal cans, barrels, and drums.. 2,369 2,500 2,393 2,460 -5.2
35 Machinery, except electrical...... 36,116 36,697 36,690 36.784 -1.6
351 Engines and turbines............ 1,861 1,964 1,945 1,963 -5.2
352 Farm machinery and equipment.... 1,779 1,717 1,704 1,610 +3.6
353 Construction, mining, and
material handling equipment.... 5,756 5,746 5,846 5,904 +0.2
354 Metalworking machinery......... 2,774 2,784 2,745 2,753 -0.4
356 General industrial machinery.... 3,114 3,195 3,202 3,181 -2.5
357 Office and computing machines... 9.832 10,195 10,300 10,294 -3.6
36 Electrical machinery........ 33,837 34,173 34,361 34,529 -1.0
361,2 Electrical transmission and
distribution equipment and
industrial apparatus.......... 3,979 4,104 4,075 4,137 -3.0
363 Household appliances............ 2,383 2,395 2,397 2,401 -0.5
365 Radio and TV................... 1,628 1,600 1,621 1,585 +1.8
366 Com nnnlcation equipment......... 14,996 15,061 15,084 15,248 -0.4
367 Electronic components.......... 5,957 5,935 6,041 6,021 +0.4
37 Transportation equipment.......... 49,422 50,645 50,702 50,804 -2.4
371 Motor vehicles and parts........ 11,006 11,008 10,645 10,642 0.0
372,6 Aircraft, missiles, and parts... 35,237 36,249 36,657 36,662 -2.8
3731,95 Shipbuilding and military
tank vehicles................. 1,684 1,825 1,781 1,746 -7.7
38 Instruments and related products.. 9,534 9,702 9,704 9,608 -1.7
381-4 Scientific and engineering
instruments................... 6,748 6,877 6,843 6,784 -1.9
386 Photographic goods............. 2,179 2,204 2,239 2,195 -1.1
24,25,
39 All other durable goods.......... 15,025 14,572 14,374 14,259 +3.1

Nondurable goods industries ..... 92,024 90,920 90,649 90,472 +1.2
With unfilled orders............. 23,915 23,638 23,533 23,584 +1.2
20 Food and kindred products........ 21,221 21,122 21,205 21,054 +0.5
201 Meat products.................. 2,197 2,220 2,254 2,318 -1.0
208 Beverages...................... 3,408 3,433 3,385 3,469 -0.7
207 Fats and oils................. 973 957 1,060 1,047 +1.7
203-6,9 All other foods................ 12,750 12,621 12,667 12,423 +1.0
21 Tobacco products................. 3,108 3,053 3,034 2,974 +1.8
22 Textile mill products............ 6,300 6,252 6,310 6,397 +0.8
26 Paper and allied products ..... 10,221 10,040 9,962 10,065 +1.8
261-3,6 Pulp, paper etc................ 4,061 3,993 3,917 3,906 +1.7
265 Paperboard containers........... 2,469 2,375 2,392 2,411 +4.0
264 All other paper products .... 3,691 3,672 3,653 3,748 +0.5
28 Chemicals and allied products..... 23,058 22,398 22,297 22,141 +2.9
281,6 Industrial chemicals, except
pigments...................... 7,153 6,778 6,727 6,658 +5.5
283,4 Drugs, soaps, and toiletries.... 7,470 7,351 7,368 7,223 +1.6
29 Petroleum and coal products ..... 5,444 5,493 5,512 5,478 -0.9
30 Rubber and plastics products...... 6,368 6,281 6,150 6,285 +1.4
23,27,
31 All other nondurable goods ...... 16,304 16,281 16,179 16,078 +0.1

Market categories:
Home goods and apparel........... 22,639 22,524 22,359 22,228 +0.5
Consumer staples................. 34,568 34,386 34,317 33,946 +0.5
Equipment and defense products,
except automotive............... 80,543 82,464 82,723 83,062 -2.3
Automotive equipment............. 13,041 13,114 12,762 12,937 -0.6
Construction materials, supplies
and intermediate products....... 18,791 18,482 18,178 18,278 +1.7
Other materials, supplies, and
intermediate products............ 106,264 105,446 105,668 106,123 +0.8

Supplementary series:2
Capital goods industries.......... 94,351 96,585 97,135 97,465 -2.3
Nondefense..................... 66,174 67,560 67,914 68,429 -2.1
Defense....................... 28,177 29,025 29,221 29,036 -2.9

Household durable goods
industries...................... 11,868 11,695 11,591 11,446 +1.5


-0.2 -0.3 188,656 191,827 193,175 193,677

+0.1 -0.4 180,707 183,994 184,747 185,275
-0.3 -0.3 165,376 168,640 170,028 170,364
+1.8 -0.9 5,461 5,400 5,3106 5,385
+3.1 +1.2 671 665 645 629
0.0 -2.2 15,441 15,477 15,465 15,790
+1.2 -3.7 6,381 6,444 6,341 6,561

-0.7 -0.7 7,911 7,909 7,974 8,042
+0.4 -1.1 18,190 18,034 18,181 18,375
+4.5 -2.7 2,149 2,115 2,027 2,108
0.0 -0.3 35,606 36,518 36,595 36,618
+1.0 -0.9 1,861 1,964 1,950 1,925
+0.8 +5.8 1,726 1,641 1,622 1,623

-1.7 -1.0 5,664 5,717 5,805 5,839
+1.4 -0.3 2,730 2,792 2,756 2,736
-0.2 +0.7 3,092 3,166 3,160 3,149
-1.0 +0.1 9,694 10,164 10,391 10,356
-0.5 -0.5 313,22 1.851 34,274 34,378


+0.7 -1.5 3,922 4,108 4.118 4,118
-0.1 -0.2 2,257 2,232 2,282 2,262
-1.3 +2.3 1,579 1,584 1,602 1,645
-0.2 -1.1 14,791 15,005 15,142 15,210
-1.8 +0.3 5,963 5,905 6,023 5,985
-0.1 -0.2 48,725 50,777 51,004 50,832
+3.4 0.0 10,898 11,118 10,877 10,784
-1.1 0.0 34,544 36,212 36,725 36,578

+2.5 +2.0 1,692 1,818 1,791 1,754
0.0 +1.0 9,317 9,609 9,620 9,600

+0.5 +0.9 6,620 6,843 6,781 6,750
-1.6 +2.0 2,092 2,169 2,237 2,224

+1.4 +0.8 14,742 14,328 14,302 14,297

+0.3 +0.2 91,197 91,193 90,872 89,822
+0.4 -0.2 23,280 23.,187 23,147 23,313
-0.4 +0.7 21,653 22,333 22,314 21,332
-1.5 -2.8 2,111 2,280 2,227 2,170
+1.4 -2.4 3,408 3,361 3,344 3,382
-9.7 +1.2 1,132 1,163 1,083 822
-0.4 +2.0 13,183 13,706 13,832 13,181
+0.6 +2.0 3,270 3,105 3,083 2,956
-0.9 -1.4 6.149 6,098 6,100 6,276
+0.8 -1.0 10,088 10,010 9,841 9,842
+1.9 +0.3 4,050 3,993 3,897 3,832
-0.7 -0.8 2,449 2,354 2,347 2,372
+0.5 -2.5 3,589 3,663 3,597 3,638
+0.5 +0.7 22,916 22,346 22,063 21,675

+0.8 +1.0 7,053 6,758 6,680 6,558
-0.2 +2.0 7,321 7,366 7,280 7,100
-0.3 +0.6 5,338 5,721 5,652 5,567
+2.1 -2.1 6,262 6,107 6,028 6,128

+0.6 +0.6 15,521 15,473 15,791 16,046


+0.7 +0.6 21,792 21,491 21,749 22,041
+0.2 +1.1 34,723 35,296 35,300 34,340

-0.3 -0.4 79,536 82,091 82,668 82,478
+2.8 -1.4 13,002 13,222 12,918 12,992

+1.7 -0.5 18,490 18,125 18,005 18,104

-0.2 -0.4 104,361 104,962 104,979 105,142


-0.6 -0.3 92,700 96,275 97,203 97,095
-0.5 -0.8 64,993 67,724 68,266 68,237
-0.7 +0.6 27,707 28,551 28,937 28,858


+0.9 +1.3 11,502 11,272 11,353 11,376


See footnotes at end of table 2.


193,407

186,014
170,489
5,574
630
17,591
7,861

8,490
18,915
2,043
38,890
1,807
1.870

6,282
2,708
3,311
11,953
32,876


4,162
2,172
1,278
14,558
5,919
48,396
11,365
33,844

1,448
9,376

6,720
2,064

14,396

91,871
22,918
21,524
2,248
3,382
1,152
13,052
3,440
6,586
9,600
3,790
2,344
3,466
21,293

6,344
6,715
7,766
6.205

15,457


21,223
33,999

82.777
13,755

18,941

107.190


95,041
69,212
25,829


10,633












Table 5. VALUE OF MANUFACTURERS' INVENTORIES, BY STAGE OF FABRICATION, BY INDUSTRY GROUP

(Millions of dollars)

Seasonally adjusted Not seasonally adlustedl


Industry End of month Percent change End of month

SIC Dec. Nov. Oct. Sept. Nov.- Oct.- Sept. Dec. Nov. Oct. Sept. Dec.
Code 1986P 19868 1986 1986 Dec.P Nov.r Oct. 1986P 19NAr 1986 1986 1985

MATERIALS AND SUPPLIES


32
3)
34
35
36
37
18
24,25,
39


20
21
22

28

30

31
Il


32
33
34
35
36
37
38
24,25,
39


20
21
22
26
28
29

23 ,27,
11


All manufacturing industries.. 86,b95 85.904 86,141 86,419 +0.9

Durable goods industries............ 50.973 S 0,06 50,561 51,052 +0.7
Stone, clay, and glass products... 1.669 1,694 1,710 1,697 -1.5
Primary metals.................... 4545 4,537 4,557 4,564 +0.2
Fabricated metal products......... 6,790 6,802 6,744 ,881) -0.2
Machinery, except electrical ...... 10.122 10,346 1013,45 10,524 -0.2
Electrical Machinery............. 7,679 7,700 7,697 7,871 -0.3
Transportation equipment.......... 11,744 11,591 11,536 11,625 +1.3
Instruments and related products.. 2,599 2,646 2,627 2,625 -1.8


All other durable goods.......... 5,625 5,290


,345 5,260 +6.3


Nondurable goods industries...... 15,722 15,298 35,580 35,367 +1.2
Food and kindred products......... 7,967 7,87o) 7,986 7,845 +1.2
Tobacco products................. 2,575 2,426 2,408 2,419 +6.1
Textile mill products............ 1,918 1,858 1,918 1,885 +3.2
Paper and allied products......... 5,O15 4,984 4.921 4,976 +0.6
Chemicals and allied products..... 8,412 8,154 8,519 8,148 +0.9
Petroleum and coal products....... 1,660 1,621 1,652 1,623 +2.4
Rubber and plastics products.... 2,239 2,229 2,215 2,261 +0.4

All other nondurable goods........ 5,91b 5, 56 5,91l 6,o006 -0.7

WORK IN PROCESS

All manufacturing industries.. 102,1582 103,772 104,412 104,635 -1.1

Durable goods Industries............ 88,401 81,778 90,507 90,898 -1.5
Stone, clay, and glass products... 752 755 713 746 -d1.4
Primary metals.................... 6,786 6,610 6,593 6,746 +2.4
Fabricated metal products......... 678 6,920 6,826 6,942 -0.6
Machinery, except electrical...... 14,199 14,496 14,639 14,831 -2.0
Electrical Machinery.............. 19,992 20,254 20,456 20,353 -1.3
Transportation equipment....3... 32,55 33,404 33,963 34,022 -2.5
Instruments and related products.. 3,905 4,022 4,045 4,032 -2.9

All other durable goods........... 3,124 3,297 3,272 1,224 +0.8

Nondurable goods industries........ 14,1l8 13,994 13,905 11,737 +1.3
Food and kindred products......... 1,553 1,645 1,670 1,664 -5,6
Tobacco products.................. 127 304 297 259 +7.6
Textile mill products............. 1,886 1,925 1,892 1,902 -2.0
Paper and allied products....... 1,218 1,209 1,18h 1,157 +1.7
Chemicals and allied products..... 3,428 3,445 1,479 3,483 -0.5
Petroleum and coal products,...... 737 746 769 733 -1.2
Rubber and plastics product ...... 1,331 1,264 1,194 1,233 +5.3

All other nondurable goods...... 3,701 ,45,456 18 3,306 +7.1

FINISHED GOODS

All manufacturing Industries.. 86,569 86,740 85,454 85,5210 -0.2

Durable goods Industries............ 44,448 45,112 44290 44,152 -1.5
Stone, clay, and glass prodlu ts... 1,112 1,132 3, 5f ),086 0.0
Primary metals ......... 4,142 4, 43 4, 164 :4,55 I.
Fabricated metal products....... 4,994 4,894 4,961 4,912 +2.
Machinery, except electrical...... 11.95 11,855 11,70 11,27 -2.2
Electrical Machin.ry.............. 6,l1b 6,219 ,.208 ,3105 -1.90
Transport atin equipmen.......... 5 113 51,501 5,203 ,17 -9.
Instruments and related pr I 3ts.. 1,10 1,1 2 2,951 -o.

All other 1ur ,le R, od ......... .. 1,6 5, 85 5 757 5 76 9 1.5


Nond orabh! d I: ustl .' ......... 1. 2 t I I 1.h2 8 ,I 4 1 3 H *:I.:
211 Food and kindred p|odr I pt h 11.ttd .................. 2 296 h.,
I7 1fexti l mi1ll products .............. 2 .4 2,469 f.,S ., I 71.1
2 6 Pa1 ,r a d tl .ed pro.d- t ......... 1,98 1,84 ,9 1.4' )1.7
- Chem-ial 1id allied oprd ..... 11,18 l1,1 99 I, 1 *,.
29 Pe~t rrilt"(im l a 1nd ri /l pr dw es....... 4,1t47 ,t126 t,02l i.12. -2.*
S Robb e r ta1 plastl- prs d- ts ...... .7, 2 ., .: 1

S All fthtr vniu rbhtl id-l .. ....... 1., 7 h,869 t,,00 h, -2.,

Pre II ml nary. R,-v ,d.


-0. -0.3 86,920 85,528 85,656 85,694

+0.1 -1.0 50,848 50,541 50,615 51,051
-0.9 +0.8 1,681 1,679 1,70, 1,700
-0.4 -0.2 4,678 4,655 4,631 4,584
+0.0 -2.0 6,718 6,638 6,652 6,828
0.0 -1.7 10,259 10,318 10,311 10,421
1.0 -2.2 7,610 7,573 7,3616 7,873
+(0.5 -0.8 11,613 ll,621 11,522 11,607
+0.7 +0.1 2,582 2,610 2,635 2,656

-1.0 +1.5 5,687 5,427 5,522 5,382

-0.8 +0.6 36,072 34,987 35,041 14.643
-1.5 +1.8 8,221 8,134 8,019 7,401
+0.7 -0.5 2,781 2,157 2,281 2.310
-3.1 +1.8 1,892 1,793 1,801 1,832
+1.3 -1.1 5,067 4,961 4,902 4,936
-1.9 +2. 8,402 8 1190 8,349 8,319
-1.9 +1.8 1,590 1,607 1,646 1,583
+0.6 -2.2 ', 115 2, 19t 2,210 2,230

-0.1 -0.7 5,804 5,749 5,829 h,012



-0.6 -0.2 1001,345 103,455 104,801 l0.,602

-0.8 -0.4 86,599 89,442 90,769 9,768
+5.9 -4.4 725 714 681 '.7
+0.6 -2.3 ,548 ,58 ,5162 6,561 6.755
+1.4 -1.7 6,516 6.664 6,1751 ,856
-1.0 -1.3 11,997 14,543 14,768 14,778
-1.0 +0.5 19,634 20,205 2,498 20,275
-1.6 -0.2 12,071 t3,491 34,260 i4,1 8
-0.6 +0.1 1,8109 3,991 4,013 4,0I3

f0.8 +1.5 1,279 3,264 1,231 3,2137

+0. b +1.2 13,746 14,013 1, n14 1 1.834
-1.5 +s0.4 1,602 1.661 1,652 1.25
+2.4 +14.7 304 421 76 35
+1.7 -0.5 I,R68 1,910 1,884 1,004
+I1. +2.5 1,1 3 1,20I 1,188 1,1
-1.0 .1 1,123 3,446 6 1,47 ,
-1.0 +4.: 1 "7 744 251
+5 9 -1.2 1, 03 1.270 1,2 1,251


+1.1 +1.4 1,4865 i,


53,418
1,767
5,264
7,350
10,972
7,902
11,929





15,927
7,h656
2,969
2,050
4,710
7,935
2,107
2,322


88,084
621


1,451

"11 38
3,489

3,256

14.118
1,619


1.978


3,148


I,1 I. 1, ? ,228


1, O

.0

.133


-o. 1 4,16 of o', 4 85,1 I 4 ,{ S


-0.q 3, 2,939 2,'15


-+.. 11 to ,0
-1. o,931 .,7t .,7 t n.21

*2.9 S, ,95 1 2.0S

- .2 2 ,l ,1 0


- I 41,3'1 0 ; .,1
13I 13. Is I to ,3 0
, 1.1 71 3


- ., I R I 1 ,
-. i 1,o9 t 1 .1 I 251 S ,aS
-i. 4 ? 7 ,,









Table 6. RATIO OF MANUFACTURERS' INVENTORIES TO SHIPMENTS AND UNFILLED ORDERS TO SHIPMENTS, BY INDUSTRY GROUP

(Based on seasonally adjusted data)

Inventory/shipments ratio Unfilled orders/shipments ratiol

Indost ry
SIC Dec. Nov. Oct. Sept. Dec. Nov. Oct. Sept.
Code 1986P 198br 1986 1986 19806P 196r 1986 1986

All manufacturing industries............. 1.35 1.40 1.41 1.41 1.22 3.32 3.31 3.36

Durable goods industries. ....,*........ ... 1.65 1.74 1.73 1.76 3.95 4.06 4.05 4.15
32 Stone, clay, and glass products.............. 1.17 1.12 1.10 1.12 0.61 0.59 0.59 0.60
33 Primary metals.......................... ... 1.65 1.63 1.59 1.64 2.15 2.03 1.98 2.01
34 Fabricated metal products.............. 1.32 1.33 1.29 1.31 1.46 1.45 1.39 1.41
35 Machinery, except electrical......... ..... 2.10 2.18 2.19 2.22 1.23 3.42 3.41 3.55
lb Electrical machinery..........**........ ... 1.89 1.94 2.03 2.00 4.71 476 5.01 4.90
37 Transportation equipment... ....... 1.54 1.83 1.79 1.88 9.08 9.93 10.O8 10.96
)8 Instruments and related products............. 2.02 2.05 2.01 2.10 1.77 1.80 1.79 1.89

Nondurable goods industries....... .......... 1.00 1.00 .02 1.00 0.48 0.49 0.49 0.48
20 Food and kindred products................ 0.80 0.79 0.80 1.79 (X) (X) (X) iX)
21 tobacco products....................... ....... 1.29 1.50 2.04 1.64 (X) (X) (X) (X)
22 Textile mill products......*............. .... 1.34 1.33 1.32 1.36 (NA) (NA) (NA) (NA)
26 Paper and allied products................. 1.04 1.06 1.06 1.06 (NA) (NA) (NA) (NA)
28 Chemicals and allied products.......... 1.28 1.25 1.25 1.23 (X) (X) (X) (X)
29 Petroleum and coal products................. 0.50 0.50 0.54 0.51 (X) (K) (X) (X)
30 Rubber and plastics products ................ 1.57 1.54 1.54 1.58 (X) (X) (X) (X)

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

IExcludes the following industries with no unfilled orders: Wood and lumber products; glass containers; metal cans, barrels, and drums; farm machin-
ery and equipment; motor vehicle assembly operations; other transportation equipment; foods and related products; tobacco; apparel and related products;
building paper; die-cut paper and board; chemicals; petroleum and coal products; and rubber and plastics products, n.,.e.




Table 7. AVERAGE REVISIONS TO PREVIOUSLY PUBLISHED MONTHLY PERCENT CHANGES

(Based on seasonally adjusted data)

Shipments New orders Unfilled orders Inventories

Year All Dec. Year All Dec. Year All Dec. Year All Dec.
Industry ago Decs. 1985- ago Decs. 1985- ago Decs. 1985- ago Decs. 1985-
SIC Dec. 1981- Nov. Dec. 1981- Nov. Dec. 1981- Nov. Dec. 1981- Oct.
Code 1985 1985 1986 1985 1985 1986 1985 1985 1986 1985 1985 1986



All manufacturing industries. 0.5 0.6 0.3 0.5 0.6 0.3 0.1 0.4 0.1 0.5 0.3 0.1

Durable goods industries.......... 0.8 0.8 0.4 0.7 1.3 0.6 0.1 0.4 0.1 0.2 0.3 0.1
32 Stone, clay, and glass products.. 0.7 0.7 0.9 0. 1.3 1.0 1.5 2.1 0.9 0.3 0.5 0.3
33 Primary metals........... ..... 2.5 1.3 0.7 3.3 2.6 0.7 0.4 0.6 0.3 0.2 0.5 0.2
14 Fabricated metal products........ 0.5 1.0 1.0 0.6 0.8 1.1 0.8 0.2 0.4 2.1 1.0 0.4
35 Machinery, except electrical..... 1.6 1.3 0.6 2.5 3.8 1.2 0.3 0.8 0.2 0.4 0.1 0.2
36 Electrical machinery ............. 5.1 3.5 0.7 6.7 2.5 1.3 0.2 0.5 0.1 0.4 0.9 0.2
37 Transportation equipment......... 0.6 1.3 0.3 3.0 2.1 1.3 0.4 0.4 0.2 0.5 0.7 0.2
38 Instruments and related products. 1.2 1.2 1.2 0.0 0.5 1.4 0.7 0.5 0.4 0.5 0.6 0.3

Nondurable goods industries........ 0.2 0.4 0.3 0.2 0.4 0.4 0.4 0.6 0.5 1.0 0.5 0.2
20 Food and kindred products........ 0.4 0.7 0.4 (X) (X) (X) (X) (X) (X) 0.8 0.7 0.3
21 Tobacco products.............. 0.4 0.7 0.5 (X) (X) (X) (X) (X) (X) 0.0 0.1 0.1
22 Textile mill products............ 0.0 1.8 1.5 (NA) (NA) (NA) (NA) (NA) (NA) 1.3 0.7 0.9
2b Paper and allied products ........ 1.9 0.8 0.6 (NA) (NA) (NA) (NA) (NA) (NA) 0.9 0.5 0.3
28 Chemicals and allied product..... 0.4 1.2 0.9 (X) (X) (X) (X) (X) (X) 0.1 0.3 0.4
29 Petroleum and coal products...... 2.2 1.0 1.0 (X) (X) (X) (X) (X) (X) 1.7 1.1 0.7
30 Rubber and plastics products..... 0.4 1.6 0.9 (X) (X) (X) (X) (X) (X) 3.2 1.2 0.6

Capital goods industries:
Nondefense...................... 1.1 2.1 0.4 0.1 1.7 0.6 0.2 0.4 0.1 0.7 0.8 0.2
Defense .............................. 1.2 1.2 0.9 8.9 11.9 3.9 0.3 0.7 0.2 1.1 1.1 0.3

(X) Not Applicable (NA) Not available.

Note: The 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 differences, without regard to sign, for the months specified. The advance to final percent change differences for the
durable goods industries are shown in the advance report for the month.






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NOTICE


Effective with the February 1987 Advance Report on Durable Goods to be issued on March 24, and the
regular Manufacturers' Shipments, Inventories and Orders (M3) report to be issued on March 31, the
following changes in the M3 survey will be implemented:

o Concurrent seasonal adjustment of the M3 data series will begin. Concurrent seasonal
adjustment uses all available unadjusted estimates, including the current month, to
calculate seasonal factors for generating the seasonally adjusted data series. Several
industry categories will no longer be adjusted, due to lack of seasonal variation in the
series. For these series, unadjusted data will be included in both the seasonally adjusted
and unadjusted aggregates.

o Inventory data will be valued on a current cost (or pre-LIFO) basis. Currently, the
inventory data are reported at book value using any generally accepted method of accounting
(FIFO, LIFO, etc.).

o The household durable goods series will be eliminated from the advance report and several
series will be eliminated from the regular report because they do not meet publication
standards.

o Data for 3 months ago will be replaced by data for the current month I year ago.

o An annual report including data for 1982-1986 will be issued prior to the February advance
report on durable goods. This report will contain revisions to the monthly data to reflect
benchmarking to the 1982 Census of Manufactures and 1983-1985 Annual Surveys of Manufactures,
corrections to monthly data for reports received too late for inclusion in the monthly
publications, and updating of seasonal factors.


Any questions regarding


Report
Covering


January
February
March
April
May
June
July
August
September
October
November
December


this announcement can be answered by calling (301) 763-2502.


PUBLICATION DATES FOR THE 1987 MONTHLY M3 SURVEY
MANUFACTURERS' SHIPMENTS, INVENTORIES, AND ORDERS


Advance Report
Release Dates
(8:30 a.m. release time)


Tues., Feb. 24
Tues., Mar. 24
Wed., Apr. 22
Fri., May 22
Tues., June 23
Thurs., Jul. 23
Tues., Aug. 25
Wed., Sept. 23
Fri., Oct. 23
Tues., Nov. 24
Tues., Dec. 22
Tues., Jan. 26,


Regular Report
Release Dates
(10:00 a.m. release time)


Wed., Mar. 4
Tues., Mar. 31
Thurs., Apr. 30
Tues., June 2
Tues., June 30
Fri., Jul. 31
Tues., Sept. 1
Thurs., Oct. 1
Mon., Nov. 2
Thurs., Dec. 3
Thurs., Dec. 31
Wed., Feb. 3, 1988