Production and business activity
PRODUCTION AND BUSINESS ACTIVITY
INDUSTRIAL PRODUCTION AND CAPACITY UTILIZATION
Industrial production and capacity utilization fell in December.
[GRAPHIC OMITTED] [Monthly data seasonally adjusted]Total industrial production (1)
Percent change (2)
From
preced- From
Index ing year
Period 1992=100 month earlier
1993 80.9 3.3
1994 85.2 5.3
1995 89.3 4.8
1996 93.2 4.4
1997 100.0 7.3
1998 105.6 5.6
1999 110.1 4.3
2000 115.3 4.7
2001 111.2 -3.5
2002 (p) 110.5 -.6
2001: Dec 108.3 -0.5 -5.9
2002: Jan 109.0 .6 -4.6
Feb 109.2 .2 -3.9
Mar 109.6 .4 -3.0
Apr 110.1 .4 -2.2
May 110.4 .3 -1.3
June 110.8 .3 -.3
July 111.6 .7 .5
Aug 111.3 -.2 .6
Sept (r) 111.2 -.1 1.2
Oct (r) 110.7 -.5 1.1
Nov (r) 110.8 .1 1.8
Dec (p) 110.6 -.2 2.1
Industry production indexes, 1997=100
Manufacturing
Other
Total (1) Durable Non- (non-
durable NAICS) (1)
1993 78.9 69.5 91.3 93.8
1994 83.7 75.6 94.5 93.1
1995 88.1 82.1 96.2 93.2
1996 92.2 89.1 96.5 92.5
1997 100.0 100.0 100.0 100.0
1998 106.5 110.3 101.4 106.5
1999 111.8 119.3 102.2 109.9
2000 117.4 129.4 102.9 112.4
2001 112.6 122.9 99.8 109.1
2002 (p) 111.5 121.2 99.6 105.7
2001: Dec 109.6 118.9 98.0 107.1
2002: Jan 110.3 119.6 98.8 105.8
Feb 110.4 119.8 99.0 104.9
Mar 110.7 119.8 99.5 105.0
Apr 111.0 120.5 99.5 104.1
May 111.4 121.2 99.7 104.2
June 111.9 121.8 99.9 105.5
July 112.3 122.2 100.4 105.0
Aug 112.4 122.7 100.0 105.8
Sept (r) 112.1 122.0 100.0 107.1
Oct (r) 111.6 121.6 99.4 106.7
Nov (r) 111.7 122.3 99.1 106.0
Dec (p) 111.5 121.6 99.2 106.9
Capacity utilization
rate
(output as percent
Industry production of capacity) (1)
indexes, 1997=100
Total
Mining Utilities Total manufac-
industry turing
1993 94.4 91.5 81.1 80.0
1994 96.6 92.8 83.3 82.4
1995 96.4 96.4 83.6 82.8
1996 98.1 99.7 82.5 81.2
1997 100.0 100.0 83.7 82.7
1998 98.2 101.5 82.9 81.9
1999 94.0 103.9 82.4 81.4
2000 96.0 106.4 82.7 81.4
2001 96.6 105.6 77.3 75.6
2002 (p) 93.7 110.0 75.6 73.8
2001: Dec 95.1 102.2 74.6 73.0
2002: Jan 94.4 103.7 75.0 73.3
Feb 94.2 105.2 75.1 73.4
Mar 93.6 108.0 75.3 73.5
Apr 93.4 110.6 75.6 73.6
May 93.4 110.1 75.7 73.9
June 93.5 110.1 75.9 74.1
July 94.4 113.7 76.4 74.3
Aug 93.9 110.4 76.1 74.3
Sept (r) 92.2 113.3 76.0 74.1
Oct (r) 92.4 111.3 75.6 73.8
Nov (r) 93.0 111.3 75.6 73.8
Dec (p) 94.6 110.0 75.4 73.6
(1) Total industry and total manufacturing series include
manufacturing as defined in the North American Industry Classification
System (NAICS) plus those industries–logging and newspaper,
periodical, book and directory-publishing–that have traditionally
been included in manufacturing.
(2) Percent changes based on unrounded indexes.
Note.–Data based on the North American Industry Classification
System (NAICS) except series as defined in footnote 1.
Source: Board of Governors of the Federal Reserve System.
INDUSTRIAL PRODUCTION–MAJOR MARKET GROUPS AND
SELECTED MANUFACTURERS
[1997=100; monthly data seasonally adjusted]Products and nonindustrial supplies
Final products
Period Consumer goods
Total Dur- Nondur-
Total able able
goods goods
1993 83.2 87.3 75.3 91.8
1994 86.9 91.5 84.5 94.1
1995 90.5 94.4 89.2 96.3
1996 93.9 96.4 93.0 97.7
1997 100.0 100.0 100.0 100.0
1998 105.6 103.6 107.2 102.3
1999 108.2 105.4 114.6 102.2
2000 112.1 107.8 119.0 103.9
2001 109.0 106.5 112.2 104.3
2002 (p) 107.2 107.6 117.3 104.2
2001: Dec 106.3 105.7 114.0 102.7
2002: Jan 106.6 106.2 114.2 103.3
Feb 106.8 106.7 115.3 103.6
Mar 107.2 107.4 115.7 104.4
Apr 107.2 107.5 116.5 104.4
May 107.1 107.3 117.2 103.9
June 107.5 107.8 118.6 104.1
July 107.9 108.5 120.0 104.6
Aug 107.6 107.8 119.3 103.8
Sept (r) 107.4 107.9 118.7 104.2
Oct (r) 106.7 107.1 116.9 103.7
Nov (r) 107.1 107.7 120.7 103.4
Dec (p) 106.6 107.1 118.1 103.3
Products and nonindustrial supplies
Final products Nonin-
dustrial
Period Equipment supplies
De-
Busi- fense
Total (1) ness and Total
equip- space
ment equip-
ment
1993 75.8 70.1 106.2 79.4
1994 78.3 73.7 102.3 84.0
1995 83.2 79.6 101.4 88.1
1996 89.1 87.1 99.6 92.8
1997 100.0 100.0 100.0 100.0
1998 109.7 111.1 104.2 106.7
1999 113.8 116.9 103.4 112.2
2000 120.8 126.5 99.3 118.8
2001 113.8 117.3 100.1 115.3
2002 (p) 105.3 107.4 101.3 114.7
2001: Dec 106.5 108.6 100.3 112.3
2002: Jan 106.5 108.8 99.6 112.4
Feb 105.8 108.1 99.7 112.8
Mar 105.4 107.8 99.8 113.3
Apr 105.3 107.7 99.9 113.9
May 105.6 108.0 100.6 114.6
June 105.7 108.0 101.2 114.8
July 105.2 107.3 101.2 115.5
Aug 106.0 108.1 101.9 115.4
Sept (r) 105.0 106.9 102.0 115.8
Oct (r) 104.7 106.2 102.6 115.4
Nov (r) 104.3 106.0 102.1 114.9
Dec (p) 104.3 105.5 103.3 114.7
Products and
nonindustrial
supplies
Nonidustrial
supplies Materials
Con- Busi-
Period struc- ness Total (1) Energy
tion sup-
sup- plies
plies
1993 83.4 77.1 79.2 94.7
1994 89.2 81.0 84.0 95.6
1995 91.5 86.1 88.7 97.4
1996 95.6 91.1 92.6 99.4
1997 100.0 100.0 100.0 100.0
1998 105.0 107.8 105.2 99.2
1999 107.3 115.5 111.2 98.9
2000 110.2 124.7 117.0 99.3
2001 105.5 121.9 111.8 97.5
2002 (p) 104.0 122.0 112.3 98.6
2001: Dec 102.5 119.0 108.8 96.2
2002: Jan 102.6 119.2 110.0 97.1
Feb 103.1 119.4 110.2 97.1
Mar 104.0 119.7 110.7 97.9
Apr 104.0 120.7 111.6 98.6
May 104.6 121.5 112.2 98.5
June 104.5 121.8 112.6 98.6
July 104.4 123.2 113.8 101.0
Aug 104.8 122.6 113.6 99.3
Sept (r) 104.5 123.6 113.4 99.1
Oct (r) 104.2 123.2 112.9 98.2
Nov (r) 103.5 122.8 113.0 98.6
Dec (p) 102.9 122.9 113.2 99.1
(1) Includes other items, not shown separately.
[1997=100; monthly data seasonally adjusted]Durable manufacturers
Primary metal
Period Iron Fabri-
and cated
steel metal
prod- prod- Ma-
Total ucts ucts chinery
1993 86.2 86.5 79.9 78.9
1994 92.6 93.3 87.0 86.3
1995 93.7 94.8 92.2 92.3
1996 95.9 97.1 95.6 95.3
1997 100.0 100.0 100.0 100.0
1998 102.3 100.4 103.0 101.9
1999 101.7 100.0 103.8 99.6
2000 98.8 100.3 108.2 106.6
2001 88.2 86.7 100.5 95.1
2002 (p) 86.0 89.3 99.1 88.0
2001: Dec 78.2 70.9 97.6 85.9
2002: Jan 84.3 85.0 97.7 87.2
Feb 85.3 86.9 98.2 87.3
Mar 85.1 85.5 98.2 88.0
Apr 84.6 85.1 98.4 88.3
May 85.9 90.0 99.7 88.5
June 86.2 89.0 99.3 88.9
July 85.0 88.1 99.7 88.4
Aug 87.6 93.0 99.3 89.4
Sept (r) 85.0 88.8 99.4 88.2
Oct (r) 87.9 94.5 100.0 86.8
Nov (r) 87.4 92.6 99.3 86.9
Dec (p) 88.7 95.5 98.9 87.3
Durable manufacturers
Computer and elec- Transportation
tronic products equipment
Selected Motor
Period Total high- Total vehicles
tech- and
nology (1) parts
1993 37.5 26.0 85.8 77.7
1994 44.4 33.5 89.8 89.3
1995 57.9 47.7 90.0 92.0
1996 74.1 67.1 91.7 92.7
1997 100.0 100.0 100.0 100.0
1998 128.2 138.9 108.7 105.1
1999 166.4 197.2 114.4 116.4
2000 221.1 281.4 110.5 116.3
2001 223.7 290.4 104.1 107.6
2002 (p) 220.2 291.1 106.1 117.2
2001: Dec 215.8 280.8 105.0 112.0
2002: Jan 216.3 281.4 104.4 111.8
Feb 215.5 281.3 104.9 113.4
Mar 216.9 284.0 104.3 113.3
Apr 217.9 286.9 105.5 115.9
May 220.0 290.8 105.2 115.8
June 220.8 293.1 106.7 118.6
July 221.5 293.6 108.4 122.1
Aug 223.0 296.8 108.5 122.0
Sept (r) 223.2 296.3 107.7 121.1
Oct (r) 223.3 297.7 106.1 118.3
Nov (r) 223.3 298.2 109.1 123.4
Dec (p) 224.3 299.8 105.6 117.6
Nondurable manufacturers
Print-
Period ing
and
Ap- sup- Chem-
parel port ical Food
1993 101.7 94.8 89.0 96.3
1994 103.9 95.9 91.3 96.8
1995 103.9 97.3 92.7 99.2
1996 101.1 98.0 94.6 97.3
1997 100.0 100.0 100.0 100.0
1998 94.4 100.9 101.3 104.2
1999 90.6 101.9 103.8 105.1
2000 87.2 102.5 105.9 106.3
2001 78.1 98.0 105.3 105.0
2002 (p) 72.3 98.0 105.4 105.7
2001: Dec 73.2 95.6 103.7 105.2
2002: Jan 72.7 97.8 104.9 105.2
Feb 72.3 96.9 104.6 105.7
Mar 74.0 95.2 105.2 106.0
Apr 72.4 95.5 105.1 105.9
May 72.9 96.2 105.0 105.6
June 72.7 95.5 105.7 105.5
July 72.9 98.4 106.9 105.5
Aug 71.4 98.6 106.2 105.3
Sept (r) 72.2 99.9 106.1 105.8
Oct (r) 70.2 100.1 105.1 106.0
Nov (r) 71.0 99.7 104.8 105.1
Dec (p) 70.2 100.0 105.3 105.3
(1) Computers and office equipment, communications equipment, and
semiconductors and related electronic components.
Source: Board of Governors of the Federal Reserve System.
NEW CONSTRUCTION
[Monthly data seasonally adjusted]Private
Total new Residential
Period construction
expenditures Total New housing
Total (1) units
Billions of dollars
1993 491.0 375.1 225.1 150.9
1994 539.2 419.0 258.6 176.4
1995 557.8 427.9 247.4 171.4
1996 615.9 476.6 281.1 191.1
1997 653.4 502.7 289.0 198.1
1998 705.7 551.4 314.6 224.0
1999 765.9 596.3 350.6 251.3
2000 820.3 641.8 374.5 265.0
2001 842.5 650.0 388.7 279.8
2002 (p) 846.2 641.8 414.8 297.0
Annual rates
2001: Dec 841.8 640.8 395.2 283.1
2002: Jan 860.2 651.5 403.3 286.9
Feb 874.3 659.4 413.5 293.8
Mar 855.2 655.3 413.8 295.4
Apr 856.9 656.7 411.8 295.6
May 847.1 642.2 413.5 294.9
June 833.7 634.6 410.8 292.8
July 837.8 635.7 414.0 295.2
Aug 829.8 627.1 409.3 292.7
Sept (r) 832.2 626.5 412.2 296.7
Oct (r) 840.0 636.8 418.0 299.7
Nov 847.9 639.3 422.4 304.7
Dec (p) 858.3 647.8 434.6 314.4
Private Federal
and
Period Commercial State
and indus- Other and
trial (2) local
Billion of dollars
1993 81.5 68.5 116.0
1994 93.3 67.1 120.2
1995 110.9 69.7 129.9
1996 125.2 70.4 139.3
1997 136.6 77.1 150.7
1998 151.1 85.7 154.3
1999 153.1 92.7 169.5
2000 164.1 103.2 178.6
2001 155.8 105.5 192.5
2002 (p) 120.4 106.6 204.1
Annual rates
2001: Dec 137.7 107.9 201.0
2002: Jan 138.6 109.6 208.7
Feb 134.9 111.0 214.9
Mar 131.7 109.8 199.9
Apr 131.0 113.8 200.2
May 121.9 106.8 204.9
June 119.1 104.7 199.1
July 116.8 104.9 202.1
Aug 113.4 104.4 202.8
Sept (r) 110.1 104.2 205.7
Oct (r) 111.3 107.5 203.2
Nov 112.1 104.9 208.5
Dec (p) 110.2 103.1 210.5
Construction contracts (3)
Commercial
Period Total value and industrial
index floor space
(1996 = 100) (millions of
square feet)
1993 82 589
1994 89 744
1995 92 862
1996 100 875
1997 109 1,027
1998 122 1,223
1999 135 1,255
2000 142 1,240
2001
2002 (p)
2001: Dec
2002: Jan
Feb
Mar
Apr
May
June
July
Aug
Sept (r)
Oct (r)
Nov
Dec (p)
(1) Includes residential improvements, not shown separately.
(2) Includes hotels and motels.
(3) F.W. Dodge series.
Source: Department of Commerce (Bureau of the Census) and The
McGraw-Hill Companies, Inc., F.W. Dodge Division.
NEW PRIVATE HOUSING AND VACANCY RATES
[Thousands of units or houses, except as noted]New private housing units
Units started, by type of structure
Period 5 units or
Total 1 unit 2-4 units (1) more
1993 1,287.6 1,125.7 29.4 132.6
1994 1,457.0 1,198.4 35.2 223.5
1995 1,354.1 1,076.2 33.8 244.1
1996 1,476.8 1,160.9 45.3 270.8
1997 1,474.0 1,133.7 44.5 295.8
1998 1,616.9 1,271.4 42.6 302.9
1999 1,640.9 1,302.4 31.9 306.6
2000 1,568.7 1,230.9 38.7 299.1
2001 1,602.7 1,273.3 36.6 292.8
2002 (p) 1,704.9 1,359.7 38.8 306.3
Seasonally adjusted annual rates
2001: Dec 1,583 1,294 17 272
2002: Jan 1,713 1,344 67 302
Feb 1,788 1,472 43 273
Mar 1,675 1,298 49 328
Apr 1,566 1,261 27 278
May 1,742 1,380 37 325
June 1,692 1,344 46 302
July 1,652 1,319 31 302
Aug 1,631 1,249 31 351
Sept 1,808 1,452 36 320
Oct (r) 1,660 1,375 32 253
Nov (r) 1,747 1,404 34 309
Dec (p) 1,835 1,473 41 321
New private housing units New private houses
Period Houses for
Units Units Houses sale at end
authorized completed sold of period (2)
1993 1,199.1 1,192.7 666 293
1994 1,371.6 1,346.9 670 336
1995 1,332.5 1,312.6 667 370
1996 1,425.6 1,412.9 757 322
1997 1,441.1 1,400.5 804 281
1998 1,612.3 1,474.2 886 294
1999 1,663.5 1,604.9 880 308
2000 1,592.3 1,573.7 877 298
2001 1,636.7 1,570.8 908 308
2002 (p) 1,726.3 1,650.7 976 338
Seasonally adjusted annual rates
2001: Dec 1,702 1,705 979 308
2002: Jan 1,686 1,607 870 310
Feb 1,766 1,669 937 314
Mar 1,629 1,576 915 316
Apr 1,631 1,650 932 324
May 1,676 1,702 974 329
June 1,706 1,587 947 329
July 1,712 1,614 958 331
Aug 1,666 1,710 1,047 331
Sept 1,733 1,652 (r) 1,056 (r) 332
Oct (r) 1,772 1,579 1,006 334
Nov (r) 1,738 1,728 1,045 336
Dec (r) 1,887 1,683 1,082 338
Vacancy rate
Period for rental
housing units
(percent) (3)
1993 (3) 7.3
1994 7.4
1995 7.6
1996 7.8
1997 7.7
1998 7.9
1999 8.1
2000 8.0
2001 8.4
2002 (p) 9.0
2001: Dec 8.8
2002: Jan
Feb
Mar 9.1
Apr
May
June 8.5
July
Aug
Sept 9.1
Oct (r)
Nov (r)
Dec (r) 9.4
(1) Derived; seasonally adjusted monthly data for 2-4 housing
units started are no longer published.
(2) Seasonally adjusted.
(3) Revised series beginning 1994; data for 1993 reflect the
revision. Quarterly data entered in last month of quarter.
NOTE.–Beginning 1994, units authorized are for 19,000 places.
For other data shown, units authorized are for 17,000 places.
Beginning 1999, housing starts, completions, and sales are not
directly comparable with earlier data due to new estimation methods.
Source: Department of Commerce, Bureau of the Census.
BUSINESS SALES AND INVENTORIES–Manufacturing and Trade
In November, manufacturing and trade sales rose 0.2 percent and
inventories rose $3.2 billion. According to advance estimates,
retail sales rose 1.3 percent in December; retail and food services
sales rose 1.2 percent.
[GRAPHIC OMITTED] [Millions of dollars, except ratios; seasonally adjusted, exceptas noted]
Manufacturing and trade (1)
Inven-
Period tory-
Inven- sales
Sales (2) tories (3) ratio (4)
1993 564,458 864,841 1.51
1994 605,983 927,859 1.47
1995 648,961 986,329 1.49
1996 680,673 1,005,021 1.47
1997 716,672 1,044,981 1.43
1998 736,556 1,076,471 1.45
1999 779,798 1,134,734 1.41
2000 827,951 1,198,395 1.42
2001 815,111 1,122,990 1.43
2002 (p)
2001: Nov (r) 806,589 1,129,014 1.40
Dec (r) 803,005 1,122,990 1.40
2002: Jan 811,196 1,122,911 1.38
Feb 804,624 1,120,288 1.39
Mar 808,644 1,116,303 1.38
Apr 822,615 1,113,864 1.35
May 820,227 1,116,527 1.36
June 822,795 1,119,454 1.36
July 833,564 1,124,317 1.35
Aug 834,562 1,125,024 1.35
Sept 828,454 1,132,074 1.37
Oct (r) 832,466 1,133,221 1.36
Nov (p) 834,100 1,136,442 1.36
Dec (p)
Wholesale
Inven-
Period tory
Inven- sales
Sales (2) tories (3) ratio (4)
1993 150,833 202,730 1.31
1994 161,133 219,766 1.30
1995 176,227 236,145 1.31
1996 186,649 238,782 1.28
1997 194,541 256,417 1.27
1998 198,319 269,412 1.33
1999 211,756 285,686 1.31
2000 229,313 304,678 1.30
2001 226,313 288,014 1.32
2002 (p)
2001: Nov (r) 221,978 289,458 1.30
Dec (r) 220,380 288,014 1.31
2002: Jan 223,023 286,994 1.29
Feb 224,738 284,508 1.27
Mar 224,855 283,732 1.26
Apr 228,131 281,193 1.23
May 228,052 281,080 1.23
June 229,638 282,340 1.23
July 231,353 284,083 1.23
Aug 233,314 284,348 1.22
Sept 232,798 285,386 1.23
Oct (r) 232,891 283,971 1.22
Nov (p) 235,672 284,491 1.21
Dec (p)
Retail
Inven-
Period tory Retail and
Inven- sales food services
Sales (2) tories (3) ratio (4) sales (2)
1993 164,837 285,906 1.69 182,841
1994 178,932 312,019 1.67 197,735
1995 188,235 329,536 1.72 207,704
1996 200,190 340,335 1.68 220,431
1997 209,112 350,763 1.65 230,616
1998 219,507 364,288 1.62 242,228
1999 239,013 392,501 1.59 262,803
2000 254,928 416,475 1.59 280,427
2001 263,987 395,814 1.55 290,713
2002 (p) 272,288 300,492
2001: Nov (r) 269,532 395,751 1.47 296,278
Dec (r) 266,434 395,814 1.49 294,328
2002: Jan 267,002 399,269 1.50 294,852
Feb 268,410 401,693 1.50 296,468
Mar 268,196 401,137 1.50 296,199
Apr 271,522 402,518 1.48 299,642
May 268,439 406,855 1.52 296,567
June 272,347 408,884 1.50 300,634
July 276,110 412,238 1.49 304,218
Aug 277,519 412,102 1.48 305,616
Sept 273,048 417,303 1.53 301,181
Oct (r) 273,236 420,176 1.54 301,551
Nov (p) (r) 275,565 423,731 1.54 (r) 304,198
Dec (p) 279,015 307,970
(1) See page 21 for manufacturing.
(2) Annual data are averages of monthly not seasonally adjusted
figures; monthly data are seasonally adjusted totals for month.
(3) Seasonally adjusted, end of period.
(4) Annual data are averages of seasonally adjusted monthly ratios.
Source: Department of Commerce, Bureau of the Census.
MANUFACTURERS’ SHIPMENTS, INVENTORIES, AND ORDERS
In December, manufacturers’ shipments, and unfilled orders
fell; new orders and inventories rose
[GRAPHIC OMITTED]Manufacturers’ shipments (1)
Total Durable Nondurable
Period goods goods
Millions of dollars, seasonally
adjusted, except as noted
1993 248,789 130,793 117,996
1994 265,918 143,081 122,838
1995 284,499 153,094 131,405
1996 293,835 158,952 134,883
1997 313,018 172,409 140,610
1998 318,730 179,712 139,019
1999 329,029 186,933 142,096
2000 343,710 190,502 153,207
2001 324,811 175,012 149,799
2002 (p) 321,313 173,739 147,574
2001: Dec 316,191 171,075 145,116
2002: Jan 321,171 174,828 146,343
Feb 311,476 170,367 141,109
Mar 315,593 170,376 145,217
Apr 322,962 176,426 146,536
May 323,736 175,927 147,809
June 320,810 173,205 147,605
July 326,101 178,739 147,362
Aug 323,729 175,561 148,168
Sept 322,608 174,008 148,600
Oct (r) 326,339 176,241 150,098
Nov (r) 322,863 173,331 149,532
Dec (p) 320,957 169,853 151,104
Manufacturers’ inventories (2)
Total Durable Nondurable
Period goods goods
Millions of dollars, seasonally
adjusted, except as noted
1993 376,205 235,218 140,987
1994 396,074 249,272 146,802
1995 420,648 263,223 157,425
1996 425,904 267,980 157,924
1997 437,801 275,348 162,453
1998 442,771 284,484 158,287
1999 456,547 289,641 166,906
2000 477,242 304,151 173,091
2001 439,162 275,311 163,851
2002 (p) 430,241 265,030 165,211
2001: Dec 439,162 275,311 163,851
2002: Jan 436,648 273,770 162,878
Feb 434,087 271,870 162,217
Mar 431,434 269,094 162,340
Apr 430,153 267,811 162,342
May 428,592 266,417 162,175
June 428,230 265,478 162,752
July 427,996 264,398 163,598
Aug 428,574 264,070 164,504
Sept 429,385 263,516 165,869
Oct (r) 427,074 263,040 166,034
Nov (r) 428,220 262,487 165,733
Dec (p) 430,241 265,030 165,211
Manufacturers’ new orders (1)
Durable goods
Period Total Capital
goods
Total industries
nondefense
Millions of dollars, seasonally
adjusted, except as noted
1993 246,668 128,672 40,681
1994 266,641 143,803 45,175
1995 285,542 154,137 51,011
1996 297,282 162,399 54,066
1997 314,986 174,377 60,697
1998 317,345 178,327 62,133
1999 329,770 187,674 64,392
2000 347,225 194,017 69,476
2001 321,397 171,598 57,886
2002 (p) 318,835 171,261 54,691
2001: Dec 312,308 167,192 55,491
2002: Jan 315,360 169,017 54,680
Feb 313,068 171,959 55,500
Mar 316,737 171,520 53,642
Apr 318,861 172,325 54,220
May 320,873 173,064 56,174
June 312,866 165,261 50,774
July 326,636 179,274 56,933
Aug 325,464 177,296 59,214
Sept 317,660 169,060 52,901
Oct (r) 321,993 171,895 55,213
Nov (r) 319,427 169,895 54,558
Dec (p) 320,614 169,510 55,956
Manufac-
Manufac- turers’
Period turers’ inven-
unfilled tory–
orders (2) shipments
ratio (3)
Millions of dollars, seasonally
adjusted, except as noted
1993 425,314 1.51
1994 434,236 1.45
1995 446,913 1.45
1996 488,392 1.44
1997 512,718 1.38
1998 495,947 1.39
1999 505,376 1.36
2000 547,826 1.37
2001 506,412 1.42
2002 (p) 477,626 1.34
2001: Dec 506,412 1.39
2002: Jan 500,601 1.36
Feb 502,193 1.39
Mar 503,337 1.37
Apr 499,236 1.33
May 496,373 1.32
June 488,429 1.33
July 488,964 1.31
Aug 490,699 1.32
Sept 485,751 1.33
Oct 481,405 1.31
Nov 477,969 1.33
Dec 477,626 1.34
(1) Annual data are averages of monthly not seasonally adjusted
figures; monthly data are seasonally adjusted totals for month.
Shipments are the same as sales.
(2) Seasonally adjusted, end of period.
(3) Annual data are averages of seasonally adjusted monthly ratios.
NOTE.–Manufacturers’ nondurable new orders (not shown) are the same as
nondurable shipments. Also, there are no unfilled nondurable orders;
data shown for total unfilled orders are durable unfilled orders.
Data exclude semiconductors.
Source: Department of Commerce, Bureau of the Census.
COPYRIGHT 2003 Superintendent Of Documents
COPYRIGHT 2003 Gale Group