Production and business activity
PRODUCTION AND BUSINESS ACTIVITY
INDUSTRIAL PRODUCTION AND CAPACITY UTILIZATION
Industrial production and capacity utilization rose in July.
[GRAPHIC OMITTED] [Monthly data seasonally adjusted]Total industrial production
Percent change (1)
From
preced- From
Period Index, ing year
1992 = 100 month earlier
1992 100.0 3.1
1993 103.4 3.4
1994 109.1 5.5
1995 114.4 4.8
1996 119.6 4.6
1997 127.9 6.9
1998 134.5 5.1
1999 139.4 3.7
2000 145.7 4.5
2001 140.1 -3.9
2001: July 140.4 0.1 -4.2
Aug 140.0 -.3 -4.6
Sept 138.5 -1.1 -5.7
Oct 137.7 -.6 -5.9
Nov 137.2 -.3 -5.9
Dec 136.7 -.4 -5.8
2002: Jan 137.6 .6 -4.4
Feb 138.1 .4 -3.8
Mar 138.6 .3 -3.0
Apr (r) 138.8 .1 -2.3
May (r) 139.5 .5 -1.5
June (r) 140.4 .7 .1
July (p) 140.7 .2 .2
Industry production indexes, 1992 = 100
Manufacturing
Period Non-
Total Durable durable
1992 100.0 100.0 100.0
1993 103.7 105.6 101.5
1994 110.0 114.8 104.8
1995 115.8 124.4 106.5
1996 121.5 135.0 107.4
1997 131.1 149.6 112.0
1998 138.8 164.1 113.4
1999 144.7 176.3 113.7
2000 151.6 190.0 114.8
2001 144.8 179.3 111.4
2001: July 145.2 180.0 111.5
Aug 144.5 178.9 111.1
Sept 142.9 176.1 110.5
Oct 142.1 173.9 110.8
Nov 142.0 174.3 110.2
Dec 141.6 174.1 109.7
2002: Jan 142.6 175.7 110.3
Feb 142.9 176.0 110.5
Mar 143.4 176.6 110.9
Apr (r) 143.4 177.2 110.5
May (r) 144.2 178.4 111.1
June (r) 145.1 179.7 111.6
July (p) 145.2 180.6 111.1
Industry production Capacity utilization
indexes, 1992 = 100 rate, percent (2)
Period Total Manufac-
Mining Utilities industry turing
1992 100.0 100.0 80.2 79.4
1993 100.0 104.0 81.2 80.4
1994 102.3 105.4 83.2 82.5
1995 102.0 109.1 83.3 82.6
1996 103.5 112.7 82.7 81.6
1997 105.3 112.7 83.5 82.7
1998 102.9 114.3 82.2 81.4
1999 98.2 117.3 81.4 80.6
2000 100.7 120.7 81.8 80.7
2001 101.3 119.8 76.8 75.1
2001: July 101.9 118.2 76.7 75.1
Aug 101.4 121.1 76.4 74.6
Sept 102.1 118.1 75.5 73.7
Oct 99.5 119.4 75.0 73.3
Nov 99.0 116.2 74.7 73.2
Dec 97.4 115.2 74.4 72.9
2002: Jan 97.0 115.7 74.8 73.4
Feb 96.6 120.3 75.0 73.5
Mar 95.4 121.8 75.2 73.7
Apr (r) 95.3 123.9 75.3 73.6
May (r) 96.5 122.7 75.6 74.0
June (r) 97.7 124.2 76.0 74.4
July (p) 96.5 127.0 76.1 74.4
(1) Percent changes based on unrounded indexes.
(2) Output as percent of capacity.
Source: Board of Governors of the Federal Reserve System.
INDUSTRIAL PRODUCTION–MAJOR MARKET GROUPS AND
SELECTED MANUFACTURES
[1992 = 100; monthly data seasonally adjusted]Products
Final products
Consumer goods
Dur- Nondur-
Period Total able able
Total goods goods
1992 100.0 100.0 100.0 100.0
1993 103.5 103.4 112.0 101.3
1994 108.0 107.8 124.2 103.8
1995 112.0 110.6 128.6 106.2
1996 116.4 112.6 131.8 107.9
1997 123.5 115.9 138.2 110.5
1998 128.9 118.3 146.4 111.6
1999 131.8 119.9 158.6 110.8
2000 135.8 121.9 161.2 112.7
2001 132.0 120.7 151.3 113.3
2001: July 133.2 122.2 157.0 113.9
Aug 132.0 121.4 154.1 113.6
Sept 130.0 119.9 151.8 112.3
Oct 129.2 119.6 146.2 113.1
Nov 129.4 120.0 152.1 112.3
Dec 129.1 120.6 156.2 112.2
2002: Jan 129.3 120.6 154.5 112.6
Feb 129.4 121.2 155.4 113.1
Mar 129.6 121.7 156.8 113.4
Apr (r) 129.2 121.4 157.9 112.8
May (r) 129.3 121.3 159.1 112.5
June (r) 130.2 122.3 161.3 113.3
July (p) 130.4 122.7 165.3 112.9
Products
Final products
Equipment
De-
fense
and
space
Period Total (1) Busi- equip-
ness ment
1992 100.0 100.0 100.0
1993 103.7 105.6 92.7
1994 108.3 113.2 86.1
1995 114.5 122.0 83.3
1996 122.9 133.4 80.1
1997 136.9 152.3 77.5
1998 148.1 167.1 80.8
1999 153.5 176.6 79.1
2000 161.8 188.9 74.4
2001 152.3 175.9 74.0
2001: July 152.7 176.1 73.6
Aug 150.5 173.3 73.5
Sept 147.1 168.4 73.8
Oct 145.4 166.9 74.2
Nov 145.0 167.2 74.3
Dec 142.7 164.3 74.7
2002: Jan 143.3 165.3 74.9
Feb 142.2 164.0 74.9
Mar 141.7 163.5 74.9
Apr (r) 141.3 162.9 75.3
May (r) 141.7 163.4 75.6
June (r) 142.1 163.7 75.7
July (p) 142.0 163.6 75.7
Products
Intermediate products
Con
struc- Busi-
tion ness
Period Total sup- sup-
plies plies
1992 100.0 100.0 100.0
1993 102.4 103.2 101.9
1994 106.1 110.5 103.5
1995 107.9 112.4 105.3
1996 110.7 117.7 106.6
1997 116.2 123.8 111.7
1998 120.2 131.3 113.7
1999 123.2 136.5 115.4
2000 126.4 141.5 117.5
2001 121.4 137.6 111.9
2001: July 121.4 137.3 112.0
Aug 121.6 138.8 111.3
Sept 120.7 138.1 110.4
Oct 119.6 134.6 110.7
Nov 118.9 134.0 109.8
Dec 118.6 135.6 108.6
2002: Jan 118.9 136.3 108.5
Feb 119.4 136.8 109.1
Mar 120.8 139.7 109.6
Apr (r) 120.3 138.3 109.6
May (r) 120.7 138.8 109.9
June (r) 121.3 139.1 110.7
July (p) 121.2 139.0 110.6
Materials
Period Total Energy
1992 100.0 100.0
1993 103.7 99.6
1994 111.6 101.3
1995 119.6 102.5
1996 127.0 103.7
1997 137.9 103.9
1998 146.9 103.9
1999 155.6 103.9
2000 166.4 104.6
2001 158.0 103.3
2001: July 157.2 102.3
Aug 157.6 103.0
Sept 156.5 103.1
Oct 155.9 102.6
Nov 154.8 102.6
Dec 153.6 101.6
2002: Jan 155.8 101.6
Feb 157.1 102.6
Mar 157.4 102.1
Apr (r) 158.8 103.0
May (r) 160.6 103.4
June (r) 161.9 104.5
July (p) 162.3 105.1
(1) Includes oil and gas well drilling and manufactured homes,
not shown separately.
[1992 = 100; monthly data seasonally adjusted]Durable manufactures
Indus-
Primary metals Fabri- trial
cated machin- Elec-
Iron metal ery and trical
Period Total and prod- equip- machin-
steel ucts ment ery
1992 100.0 100.0 100.0 100.0 100.0
1993 105.1 106.0 104.3 110.4 109.8
1994 113.8 114.4 112.1 126.0 131.3
1995 116.2 116.6 116.3 144.7 165.5
1996 119.7 119.1 120.1 161.1 206.3
1997 125.5 123.9 126.5 178.3 266.8
1998 127.7 124.0 131.3 195.2 334.5
1999 129.4 123.9 132.4 207.9 411.3
2000 131.9 127.3 137.2 227.1 536.6
2001 116.9 112.6 130.4 213.3 504.2
2001: July 119.5 118.8 131.1 210.2 485.9
Aug 117.5 115.7 131.0 211.0 485.5
Sept 116.4 112.7 128.7 205.1 484.6
Oct 113.6 110.4 127.5 202.8 484.8
Nov 110.2 107.1 127.2 203.4 485.1
Dec 103.6 94.6 129.1 200.4 487.3
2002: Jan 111.3 107.1 128.7 204.5 494.0
Feb 111.8 110.6 127.7 205.3 500.8
Mar 113.1 110.2 127.9 207.1 503.1
Apr (r) 112.1 110.7 128.2 206.8 507.9
May (r) 114.9 116.5 129.6 209.2 519.3
June (r) 118.4 121.4 130.0 209.8 518.7
July (p) 119.7 123.7 130.8 208.5 519.4
Durable manufactures
Transportation
equipment
Lum-
Motor ber
vehicles and
Period Total and prod-
parts ucts
1992 100.0 100.0 100.0
1993 104.0 114.4 100.8
1994 108.8 133.6 105.9
1995 108.5 137.6 107.9
1996 110.2 137.6 110.4
1997 120.2 148.4 113.1
1998 130.6 154.7 117.4
1999 137.8 174.3 122.0
2000 137.1 177.6 118.8
2001 128.5 162.9 113.0
2001: July 134.6 174.6 114.0
Aug 131.6 169.9 116.2
Sept 128.5 164.2 116.4
Oct 124.6 157.3 112.8
Nov 127.2 165.9 112.4
Dec 129.1 172.1 113.0
2002: Jan 128.2 171.8 112.9
Feb 128.9 174.5 111.0
Mar 128.2 174.9 112.9
Apr (r) 129.6 179.3 111.6
May (r) 128.8 178.8 112.0
June (r) 130.9 183.8 112.1
July (p) 133.8 191.6 111.9
Nondurable manufacturers
Print- Chemi-
Ap- ing cals
parel and and
Period prod- pub- prod-
ucts lishing ucts Foods
1992 100.0 100.0 100.0 100.0
1993 102.4 100.5 100.9 102.0
1994 106.5 100.5 103.7 103.6
1995 107.0 101.1 106.0 105.7
1996 105.1 101.1 108.8 105.4
1997 108.8 107.3 115.9 107.2
1998 105.5 106.3 118.3 110.6
1999 106.1 105.3 119.1 112.0
2000 101.9 106.9 122.0 113.8
2001 93.1 101.6 121.1 112.9
2001: July 95.1 101.1 121.2 113.1
Aug 91.2 100.7 121.2 113.0
Sept 89.4 99.7 121.0 111.7
Oct 87.8 99.8 123.2 112.2
Nov 87.3 98.9 122.4 113.0
Dec 88.8 97.3 121.4 114.0
2002: Jan 89.4 96.6 123.0 113.5
Feb 88.4 96.0 122.9 113.7
Mar 89.5 95.4 122.8 114.4
Apr (r) 88.3 94.9 122.2 114.0
May (r) 88.7 95.2 123.2 113.5
June (r) 89.2 96.4 123.1 114.6
July (p) 90.7 95.3 122.7 113.6
Source: Board of Governors of the Federal Reserve System.
NEW CONSTRUCTION
[Monthly data seasonally adjusted]Private
Residential
Total new
Period construction Total New housing
expenditures Total (1) units
Billions of dollars
1992 463.7 347.8 199.4 135.1
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
Annual rates
2001: July 843.6 651.0 385.8 281.0
Aug 838.6 650.6 391.7 282.3
Sept 836.0 648.5 393.5 281.6
Oct 836.6 643.4 392.3 281.6
Nov 836.5 639.7 394.7 282.2
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 856.4 656.7 411.4 295.2
May (r) 847.9 643.2 414.4 295.8
June (r) 833.8 636.9 411.4 295.1
July (p) 834.1 635.4 408.6 295.4
Private Federal
and
Commercial State
Period and indus- and
trial (2) Other local
1992 82.2 66.2 115.8
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
2001: July 158.3 106.9 192.6
Aug 150.9 108.0 188.1
Sept 148.2 106.9 187.4
Oct 144.4 106.7 193.1
Nov 139.9 105.0 196.9
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 131.4 113.9 199.7
May (r) 122.0 106.8 204.6
June (r) 117.9 107.6 197.0
July (p) 115.9 110.9 198.7
Construction contracts (3)
Total value Commercial
Period index and industrial
(1996=100) floor space
(millions of
square feet)
1992 76 556
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
2001: July 142
Aug
Sept
Oct
Nov
Dec
2002: Jan
Feb
Mar
Apr
May (r)
June (r)
July (p)
(1) Includes residential improvements, not shown separately.
(2) Includes hotels and motels.
(3) F.W. Dodge series.
Sources: 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 2-4 5 units or
Total 1 unit units (1) more
1992 1,199.7 1,029.9 30.9 139.0
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
Seasonally adjusted annual rates
2001: July 1,664 1,294 41 329
Aug 1,562 1,274 27 261
Sept 1,582 1,263 46 273
Oct 1,531 1,238 33 260
Nov 1,604 1,241 38 325
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 (r) 1,742 1,380 37 325
June (r) 1,695 1,351 46 298
July (p) 1,649 1,321 27 301
New private housing units New private houses
Houses for
Period Units Units Houses sale at end
authorized completed sold of period (2)
1992 1,094.9 1,157.5 610 265
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
Seasonally adjusted annual rates
2001: July 1,602 1,588 881 306
Aug 1,606 1,621 871 308
Sept 1,570 1,551 856 310
Oct 1,566 1,575 865 308
Nov 1,659 1,567 938 308
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 (r) 932 (r) 324
May (r) 1,676 1,702 978 328
June (r) 1,706 1,583 953 327
July (p) 1,712 1,582 1,017 330
Vacancy rate
for rental
Period housing units
(percent) (3)
1992 7.4
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
Seasonally adjusted annual rates
2001: July
Aug
Sept 8.4
Oct
Nov
Dec 8.8
2002: Jan
Feb
Mar 9.1
Apr
May (r)
June (r) 8.5
July (p)
(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 June, manufacturing and trade sales rose 0.3 percent and
inventories rose $2.4 billion. According to advance estimates,
retail sales rose 1.2 percent in July; retail and food services
sales also rose 1.2 percent.
[GRAPHIC OMITTED]|Millions of dollars, except ratios; seasonally adjusted, except
as noted|
Manufacturing and trade (1)
Inven-
tory-
Period Sales (2) Inven- sales
tories (3) ratio (4)
1992 537,899 837,873 1.53
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
2001: June (r) 812,935 1,174,448 1.44
July (r) 815,340 1,168,768 1.43
Aug 818,222 1,165,434 1.42
Sept 797,312 1,158,937 1.45
Oct 815,570 1,141,500 1.40
Nov 806,128 1,129,548 1.40
Dec 803,854 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 (r) 820,227 1,116,527 1.36
June (p) 822,725 1,118,949 1.36
July (p)
Wholesale
Inven-
tory
Period Sales (2) Inven- sales
tories (3) ratio (4)
1992 144,302 194,463 1.32
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
2001: June (r) 224,588 301,309 1.34
July (r) 225,958 297,972 1.32
Aug 227,530 297,130 1.31
Sept 225,481 295,863 1.31
Oct 221,161 292,811 1.32
Nov 222,704 289,487 1.30
Dec 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 (r) 228,052 281,080 1.23
June (p) 229,505 281,858 1.23
July (p)
Retail
Inven-
tory
Period Sales (2) Inven- sales
tories (3) ratio (4)
1992 154,268 267,808 1.68
1993 164,837 285,906 1.69
1994 178,932 312,019 1.67
1995 188,235 329,536 1.72
1996 200,190 340,335 1.68
1997 209,112 350,763 1.65
1998 219,507 364,288 1.62
1999 239,013 392,501 1.59
2000 254,928 416,475 1.59
2001 263,987 395,814 1.55
2001: June (r) 262,956 409,630 1.56
July (r) 263,562 410,408 1.56
Aug 264,038 412,220 1.56
Sept 258,609 411,033 1.59
Oct 276,275 399,642 1.45
Nov 268,345 396,256 1.48
Dec 267,283 395,814 1.48
2002: Jan 267,002 399,269 1.50
Feb 268,410 401,693 1.50
Mar 268,196 401,137 1.50
Apr 271,522 402,518 1.48
May (r) 268,439 406,855 1.52
June (p) (r) 272,410 408,861 1.50
July (p) 275,649
Retail and
Period food services
sales (2)
1992 171,219
1993 182,841
1994 197,735
1995 207,704
1996 220,431
1997 230,616
1998 242,228
1999 262,803
2000 280,427
2001 290,713
2001: June (r) 289,681
July (r) 290,367
Aug 291,073
Sept 285,006
Oct 302,770
Nov 295,036
Dec 295,232
2002: Jan 294,852
Feb 296,468
Mar 296,199
Apr 299,642
May (r) 296,567
June (p) (r) 300,748
July (p) 304,279
(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 July, manufacturers’ shipments, and new orders and
unfilled orders rose; inventories fell.
[GRAPHIC OMITTED]Manufactures’ shipments (1)
Total Durable Nondurable
Period goods goods
Millions of dollars, seasonally
adjusted, except as noted
1992 239,330 123,899 115,430
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
2001: July 325,820 176,191 149,629
Aug 326,654 175,700 150,954
Sept 313,222 166,480 146,742
Oct 318,134 170,284 147,850
Nov 315,079 170,355 144,724
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 (r) 320,810 173,205 147,605
July (p) 325,911 178,789 147,122
Manufactures’ inventories (2)
Total Durable Nondurable
Period goods goods
1992 375,602 234,905 140,697
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
2001: July 460,388 291,012 169,376
Aug 456,084 287,818 168,266
Sept 452,041 284,392 167,649
Oct 449,047 282,528 166,519
Nov 443,805 278,994 164,811
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 (r) 428,230 265,478 162,752
July (p) 427,813 264,449 163,364
Manufactures’ new orders (3)
Durable goods
Period Total
Capital
goods
Total industries,
nondefense
1992
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
2001: July 320,496 170,867 56,027
Aug 321,844 170,890 56,854
Sept 305,994 159,252 51,448
Oct 321,694 173,844 51,109
Nov 308,379 163,655 53,391
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 (r) 312,866 165,261 50,774
July (p) 327,577 180,455 58,037
Manufac- Manufac-
Period turers’ turers’
unfilled inven-
orders (2) tory–
shipments
ratio (3)
1992 450,631 1.57
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
2001: July 525,473 1.41
Aug 520,663 1.40
Sept 513,435 1.44
Oct 516,995 1.41
Nov 510,295 1.41
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 (r) 488,429 1.33
July (p) 490,095 1.31
(1) Annual data are averages of montly 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.–Manufactures’ 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 2002 Superintendent Of Documents
COPYRIGHT 2002 Gale Group
