Business Services Industry
Production and business activity
Economic Indicators, Dec, 2004
PRODUCTION AND BUSINESS ACTIVITY
INDUSTRIAL PRODUCTION AND CAPACITY UTILIZATION
Industrial production and capacity utilization
rose in November. (Series revised.)
[GRAPHIC OMITTED]
[Monthly data seasonally adjusted]
Total industrial production (1)
Percent change (2)
From
preced- From
Index ing year
Period 1997 = 100 month earlier
1994 (r) 85.3 ... 5.4
1995 (r) 89.4 ... 4.8
1996 (r) 93.2 ... 4.3
1997 (r) 100.0 ... 7.3
1998 (r) 105.8 ... 5.8
1999 (r) 110.6 ... 4.5
2000 (r) 115.4 ... 4.3
2001 (r) 111.3 ... -3.6
2002 (r) 111.0 ... -.3
2003 (r) 110.9 ... .0
2003: Nov (r) 112.7 1.0 1.3
Dec (r) 112.9 .2 2.0
2004: Jan (r) 113.2 .3 2.1
Feb (r) 114.4 1.1 3.1
Mar (r) 114.1 -.3 3.2
Apr (r) 114.7 .5 4.7
May (r) 115.5 .7 5.4
June (r) 115.1 -.4 4.7
July (r) 115.9 .7 4.8
Aug (r) 116.0 .1 5.0
Sept (r) 115.9 -.1 4.1
Oct (r) 116.7 .7 4.6
Nov (p) 117.0 .2 3.8
Industry production indexes,
1997 = 100
Manufacturing
Non-
Period Total (1) Durable Durable
1994 (r) 83.7 75.7 94.5
1995 (r) 88.1 82.1 96.2
1996 (r) 92.2 89.1 96.4
1997 (r) 100.0 100.0 100.0
1998 (r) 106.6 11.0 101.5
1999 (r) 112.2 120.1 102.2
2000 (r) 117.3 129.4 102.8
2001 (r) 112.3 123.1 99.4
2002 (r) 111.9 122.8 99.6
2003 (r) 111.9 124.4 98.1
2003: Nov (r) 113.9 128.2 98.6
Dec (r) 113.9 128.1 98.3
2004: Jan (r) 114.1 139.0 98.1
Feb (r) 115.5 130.7 98.9
Mar (r) 115.6 130.8 99.1
Apr (r) 116.4 131.6 99.8
May (r) 117.1 132.4 100.3
June (r) 116.9 132.3 100.2
July (r) 117.8 133.7 100.7
Aug (r) 118.3 134.4 100.7
Sept (r) 117.8 134.2 100.3
Oct (r) 118.6 135.5 100.8
Nov (p) 118.9 135.5 101.0
Industry production indexes,
1997 = 100
Manufacturing
Other
(non-
NAICS)
Period (1) Mining Utilities
1994 (r) 13.1 96.8 93.9
1995 (r) 93.0 96.7 97.2
1996 (r) 92.3 98.3 100.0
1997 (r) 100.0 100.0 100.0
1998 (r) 106.5 98.5 102.6
1999 (r) 10.9 93.6 105.5
2000 (r) 112.2 95.8 108.6
2001 (r) 105.7 96.7 108.1
2002 (r) 100.5 92.6 111.4
2003 (r) 99.5 92.2 111.9
2003: Nov (r) 100.1 92.4 112.2
Dec (r) 99.8 92.2 114.9
2004: Jan (r) 99.8 92.9 115.8
Feb (r) 102.9 92.1 117.7
Mar (r) 102.6 92.1 113.1
Apr (r) 103.4 92.2 113.3
May (r) 104.5 91.6 116.2
June (r) 103.5 91.2 113.8
July (r) 104.0 92.3 113.3
Aug (r) 105.9 91.9 111.1
Sept (r) 103.4 89.4 115.8
Oct (r) 103.0 90.5 116.8
Nov (p) 101.8 92.3 115.2
Capacity utilization
rate
(output as percent
of capacity) (1)
Total
Total manufac-
Period industry turing
1994 (r) 83.5 82.6
1995 (r) 83.7 82.8
1996 (r) 82.7 81.4
1997 (r) 83.7 82.8
1998 (r) 82.9 81.8
1999 (r) 82.2 81.1
2000 (r) 82.0 80.6
2001 (r) 76.6 74.5
2002 (r) 75.3 73.5
2003 (r) 75.5 73.7
2003: Nov (r) 76.7 75.0
Dec (r) 76.8 75.0
2004: Jan (r) 76.9 75.1
Feb (r) 77.7 75.9
Mar (r) 77.4 75.9
Apr (r) 77.7 76.3
May (r) 78.2 76.7
June (r) 77.8 76.5
July (r) 78.3 77.0
Aug (r) 78.3 77.2
Sept (r) 78.1 76.9
Oct (r) 78.6 77.3
Nov (p) 78.7 77.4
(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 footnot 1.
Data havwe been revised beginning in 1972. See
Federal Reserve release on the annual revisions
to these series released on December 22, 2004.
Source: Board of Governors of the Federal Reserve System.
INDUSTRIAL PRODUCTION--MAJOR MARKET GROUPS AND
SELECTED MANUFACTURES
[1997=100; monthly data seasonally adjusted]
Products and nonindustrial supplies
Final products
Consumer goods
Period
Total Dur- Nondur-
Total able able-
goods goods
1994 (r) 87.1 91.8 86.1 94.2
1995 (r) 90.6 94.6 90.0 96.5
1996 (r) 94.0 96.6 93.7 97.7
1997 (r) 100.0 100.0 100.0 100.0
1998 (r) 105.6 103.5 106.9 102.2
1999 (r) 108.4 105.5 114.1 102.2
2000 (r) 111.7 107.7 117.8 103.8
2001 (r) 109.1 106.5 112.7 103.9
2002 (r) 107.7 108.0 118.8 103.9
2003 (r) 108.6 108.3 121.4 103.3
2003: Nov (r) 110.5 109.6 124.5 104.0
Dec (r) 110.5 109.7 124.6 104.1
2002: Jan (r) 110.8 109.9 126.0 103.9
Feb (r) 112.3 111.3 126.8 105.6
Mar (r) 111.7 110.4 125.5 104.8
Apr (r) 112.3 110.7 125.6 105.1
May (r) 113.1 111.3 124.8 106.2
June (r) 112.4 110.2 123.1 105.3
July (r) 113.7 110.8 123.0 106.1
Aug (r) 113.8 111.4 125.4 106.1
Sept (r) 113.8 111.2 123.6 106.5
Oct (r) 114.8 112.0 125.8 106.9
Nov (p) 114.9 112.0 125.6 106.9
Products and nonindustrial supplies
Final products Nonindustrial supplies
Equipment
Period
De- Con- Busi-
Busi- fense struc- ness
Total ness and Total tion sup-
(1) equip- space sup- plies
ment equip- plies
ment
1994 (r) 78.4 7.3 108.8 87.0 89.5 86.2
1995 (r) 83.2 79.9 105.8 90.3 91.4 89.9
1996 (r) 89.2 87.3 101.8 93.8 95.5 93.2
1997 (r) 100.0 100.0 100.0 100.0 100.0 100.0
1998 (r) 109.6 110.9 103.7 105.7 105.2 105.8
1999 (r) 114.2 117.4 100.7 109.9 107.9 110.6
2000 (r) 119.7 125.8 90.1 114.3 110.2 115.8
2001 (r) 113.9 116.8 98.1 109.5 105.1 111.1
2002 (r) 105.6 107.6 99.2 108.6 104.2 110.3
2003 (r) 107.9 108.5 106.4 107.6 101.8 109.9
2003: Nov (r) 111.2 112.5 108.4 109.2 104.3 111.1
Dec (r) 111.1 112.6 107.0 104.4 104.3 111.4
2002: Jan (r) 111.8 113.7 106.0 110.1 104.6 112.3
Feb (r) 113.2 115.2 107.1 111.5 104.9 114.1
Mar (r) 113.5 115.3 108.2 111.3 105.8 113.5
Apr (r) 115.0 116.7 109.9 112.1 106.5 114.3
May (r) 116.3 118.2 111.1 112.8 107.3 114.9
June (r) 116.6 118.7 110.7 112.6 107.0 114.7
July (r) 119.6 121.9 112.8 113.0 107.9 114.9
Aug (r) 118.6 120.7 112.7 113.0 108.3 114.8
Sept (r) 119.1 121.0 113.5 112.8 107.4 114.9
Oct (r) 120.3 122.4 113.6 113.3 108.1 115.3
Nov (p) 120.9 122.7 115.0 113.5 108.6 115.4
Materials
Period
Total (1) Energy
1994 (r) 83.1 97.2
1995 (r) 88.0 98.6
1996 (r) 92.3 100.1
1997 (r) 100.0 100.0
1998 (r) 106.1 100.5
1999 (r) 113.1 100.2
2000 (r) 119.6 101.6
2001 (r) 114.1 100.4
2002 (r) 115.2 100.4
2003 (r) 114.6 99.8
2003: Nov (r) 116.1 99.5
Dec (r) 116.6 100.3
2002: Jan (r) 116.8 100.9
Feb (r) 117.6 100.5
Mar (r) 117.6 99.3
Apr (r) 118.1 99.8
May (r) 118.9 100.8
June (r) 118.8 99.6
July (r) 119.2 99.6
Aug (r) 119.3 98.6
Sept (r) 119.0 98.0
Oct (r) 119.9 99.1
Nov (p) 120.2 99.8
(1) Includes other items, not shown separately.
[1997=100; monthly data seasonally adjusted]
Durable manufactures
Primary metal
Fabri-
Iron cated
Period and metal Ma-
Total steel prod- chinery
prod- ucts
ucts
1994 (r) 92.7 93.3 87.1 85.5
1995 (r) 93.8 94.8 92.3 91.5
1996 (r) 96.0 97.1 95.8 94.8
1997 (r) 100.0 100.0 100.0 100.0
1998 (r) 101.6 99.8 103.1 102.5
1999 (r) 101.4 100.5 104.0 100.3
2000 (r) 98.1 99.5 108.1 105.4
2001 (r) 88.7 90.0 100.0 93.1
2002 (r) 90.3 92.0 97.6 88.3
2003 (r) 87.4 93.3 93.5 86.4
2003: Nov (r) 91.2 98.3 94.2 89.2
Dec (r) 92.9 104.4 94.5 90.0
2004: Jan (r) 87.9 96.3 95.0 91.5
Feb (r) 90.7 99.9 95.3 94.3
Mar (r) 91.5 100.6 95.1 94.1
Apr (r) 90.0 96.4 96.2 95.2
May (r) 90.8 97.5 96.6 96.5
June (r) 92.1 98.9 96.9 96.4
July (r) 93.4 100.7 97.1 99.1
Aug (r) 93.2 100.7 97.6 96.6
Sept (r) 94.7 104.9 96.9 97.3
Oct (r) 95.1 105.4 97.3 98.3
Nov (p) 95.7 106.7 97.3 98.1
Durable manufactures
Computer and elec- Transportation
tronic products equipment
Period Selected Motor
Total high- Total vehicles
tech- and
nology (1) parts
1994 (r) 44.8 33.9 89.9 89.4
1995 (r) 58.1 48.0 90.0 92.0
1996 (r) 74.3 67.3 91.7 92.7
1997 (r) 100.0 100.0 100.0 100.0
1998 (r) 128.5 139.2 108.9 105.2
1999 (r) 169.7 202.2 114.7 116.7
2000 (r) 224.9 288.4 109.4 115.9
2001 (r) 227.3 293.6 105.2 105.7
2002 (r) 222.2 289.9 109.3 115.7
2003 (r) 251.5 340.8 111.1 119.9
2003: Nov (r) 264.7 362.3 114.4 123.8
Dec (r) 263.5 362.3 114.7 124.5
2002: Jan (r) 266.9 370.7 115.0 125.2
Feb (r) 272.4 381.1 116.4 127.0
Mar (r) 276.0 385.9 115.4 125.3
Apr (r) 278.5 392.6 115.6 125.0
May (r) 285.1 401.9 114.5 123.1
June (r) 288.7 406.8 113.0 121.0
July (r) 292.9 411.5 113.2 120.5
Aug (r) 295.4 415.7 115.8 124.5
Sept (r) 298.1 418.5 114.7 123.1
Oct (r) 300.0 420.6 117.6 127.1
Nov (p) 300.8 425.0 117.6 126.2
Nondurable manufactures
Print-
Period Ap- ing Che- Food
parel and ical
sup-
port
1994 (r) 104.0 95.9 91.1 96.9
1995 (r) 104.2 97.3 92.5 99.3
1996 (r) 101.3 98.0 94.4 97.3
1997 (r) 100.0 100.0 100.0 100.0
1998 (r) 94.6 101.2 101.7 104.4
1999 (r) 90.6 102.0 103.7 105.5
2000 (r) 86.2 102.7 105.3 107.3
2001 (r) 73.9 96.4 103.4 107.4
2002 (r) 62.1 91.1 107.9 109.4
2003 (r) 52.4 87.3 107.2 109.6
2003: Nov (r) 50.3 87.2 108.2 110.0
Dec (r) 50.0 87.2 107.5 110.3
2002: Jan (r) 49.8 87.7 106.8 110.0
Feb (r) 50.2 87.9 107.5 110.4
Mar (r) 50.5 88.2 108.6 110.8
Apr (r) 50.9 87.8 110.0 110.8
May (r) 50.0 87.1 110.3 112.1
June (r) 49.3 87.9 110.3 111.3
July (r) 47.9 87.0 110.9 111.9
Aug (r) 47.5 86.9 111.8 111.9
Sept (r) 47.7 88.5 110.8 111.8
Oct (r) 47.3 87.2 111.8 111.6
Nov (p) 47.1 87.9 112.3 111.1
(1) Computers and office equipment, communications equipment, and
semiconductors and related electronic components.
Note.--See Note, p. 17.
Source: Board of Governors of the Federal Reserve System.
NEW CONSTRUCTION
[Billion of dollars; montly data at seasonally adjusted annual rates]
Private
Period Total new Residential
construc-
tion ex- Total (1) New
penditures Total housing
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 766.1 596.3 350.6 251.3
2000 828.2 642.6 374.5 265.0
2001 858.3 652.5 388.3 279.4
2002 871.3 651.7 421.9 298.8
2003 915.7 690.0 476.1 345.9
2003: Oct 942.2 714.1 495.6 366.4
Nov 947.7 721.1 504.2 375.6
Dec 948.9 727.0 511.3 381.7
2004: Jan 946.5 724.0 513.9 383.5
Feb 952.2 732.1 516.4 384.9
Mar 973.9 738.7 522.2 391.1
Apr 986.4 747.5 525.9 397.8
May 992.8 756.4 535.5 407.5
June 996.4 758.9 538.5 409.8
July 1,005.1 767.1 543.3 411.7
Aug 1,007.9 777.0 552.7 419.5
Sept 1,009.0 776.0 551.1 417.2
Oct (p) 1,009.4 773.4 549.4 416.7
Private
Period Nonresidential
Commercial
Total Lodging Office (including
farm)
1994 160.4 4.7 20.4 39.6
1995 180.5 7.1 23.0 44.1
1996 195.5 10.9 26.5 49.4
1997 213.7 12.9 32.8 53.1
1998 236.8 14.8 40.4 55.7
1999 245.8 16.0 45.1 59.4
2000 268.2 16.3 52.4 64.1
2001 264.2 14.5 49.7 63.6
2002 229.8 10.5 35.3 59.2
2003 213.9 9.9 30.4 57.7
2003: Oct 218.6 10.0 32.5 58.1
Nov 216.9 9.4 32.1 57.0
Dec 215.7 9.3 31.5 56.7
2004: Jan 210.1 8.7 29.2 56.9
Feb 215.7 10.1 32.0 56.8
Mar 216.5 11.1 32.2 56.4
Apr 221.6 11.4 33.1 58.9
May 220.9 11.2 32.4 60.0
June 220.4 11.9 33.1 61.3
July 223.8 12.3 32.8 63.0
Aug 224.3 12.7 32.3 63.6
Sept 224.8 12.9 32.0 62.8
Oct (p) 224.0 13.3 31.5 61.8
Private
Period
Nonresidential Federal
and
Manufac- State
turing Other (2) and
local
1994 28.8 66.9 120.2
1995 35.4 70.9 129.9
1996 38.1 70.6 139.3
1997 37.6 77.3 150.7
1998 40.5 85.4 154.3
1999 32.6 92.8 169.7
2000 31.8 103.6 185.5
2001 29.5 106.8 205.8
2002 16.4 108.4 219.6
2003 14.2 101.6 225.7
2003: Oct 14.9 103.0 228.0
Nov 14.4 104.0 226.6
Dec 13.6 104.6 222.0
2004: Jan 13.8 101.6 222.6
Feb 13.8 102.9 220.1
Mar 13.9 103.0 235.2
Apr 13.4 104.8 238.9
May 14.3 103.1 236.3
June 13.0 101.1 237.4
July 14.3 100.9 238.0
Aug 14.4 101.2 231.0
Sept 15.2 102.0 233.1
Oct (p) 15.4 102.1 236.0
(1) Includes residential improvements, not shown separately.
(2) Includes health care, educational, communication, and power,
among other categories not shown separately.
Source: Department of Commerce, Bureau of the Census.
NEW PRIVATE HOUSING AND VACANCY RATES
[Thousands of units or houses, except as noted]
New private housing units
Period Units started, by type of structure
2-4 units 5 units
Total 1 unit (1) or more
1994 1,457.0 1,198.4 35.2 223.5
1995 1,354.1 1,076.3 33.8 244.1
1996 1,476.8 1,160.0 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 1,704.9 1,358.6 38.5 307.9
2003 1,847.7 1,499.0 33.5 315.2
Seasonally adjusted annual rates
2003: Oct 2,054 1,670 37 347
Nov 2,067 1,657 29 381
2004: Jan 1,934 1,565 30 339
Feb 1,895 1,521 30 344
Mar 2,000 1,624 33 343
Apr 1,963 1,615 36 312
May 1,979 1,654 56 269
June 1,817 1,520 25 272
July 1,985 1,661 64 260
Aug 2,018 1,685 67 266
Sept (r) 1,905 1,549 31 325
Oct (r) 2,039 1,640 42 357
Nov (p) 1,771 1,448 35 288
New private New private houses Vacancy
housing units rate for
Period Houses rental
Units Units Houses for sale housing
authorized completed sold at end units
of period (percent)
(2) (3)
1994 1,371.6 1,346.9 670 336 7.4
1995 1,332.5 1,312.6 667 370 7.6
1996 1,425.6 1,412.9 757 322 7.8
1997 1,441.1 1,400.5 804 281 7.7
1998 1,612.3 1,474.2 886 294 7.9
1999 1,663.5 1,604.9 880 308 8.1
2000 1,592.3 1,573.7 877 298 8.0
2001 1,636.7 1,570.8 973 308 8.4
2002 1,747.7 1,648.4 973 339 8.9
2003 1,889.2 1,678.7 1,086 370 9.8
Seasonally adjusted annual rates
2003: Oct 1,920 1,709 1,086 365 ...
Nov 1,979 1,736 1,120 370 10.2
2004: Jan 1,913 1,714 1,155 374 ...
Feb 1,913 1,729 1,165 373 ...
Mar 1,975 1,782 1,270 379 10.4
Apr 2,006 1,944 1,176 384 ...
May 2,097 1,928 1,244 385 ...
June 1,945 1,865 1,198 383 10.2
July 2,066 1,876 1,095 399 ...
Aug 1,969 1,914 1,158 405 ...
Sept (r) 1,998 1,777 1,227 409 10.1
Oct (r) 2,018 1,813 1,278 409 ...
Nov (p) 2,028 1,705 1,125 418 ...
(1) Derived; seasonally adjusted monthly data for 2-4 housing units
started are no longer published.
(2) Seasonally adjusted.
(3) Revised series. Quarterly data entered in last month of quarter.
NOTE.--Units authorized are for 19,000 places.
Beginning 1999, housing starts, completiions, 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 October, according to preliminary estimates, manufacturing and trade
sales rose 1.2 percent and inventories rose $3.7 billion. According to
advance estimates, retail sales rose 0.1 percent in November. Retail
and food services sales rose 0.1 percent.
Manufacturing and trade (1)
Inven-
Period Inven- tory-
Sales (2) tories (3) sales
ratio (4)
1994 610,669 930,681 1.47
1995 655,227 989,067 1.48
1996 687,472 1,008,623 1.46
1997 724,126 1,049,527 1.42
1998 743,702 1,081,988 1.44
1999 787,531 1,142,277 1.41
2000 835,194 1,200,666 1.41
2001 819,061 1,146,151 1.44
2002 822,013 1,163,690 1.40
2003 856,998 1,185,477 1.37
2003: Oct (r) 872,916 1,176,942 1.35
Nov (r) 879,362 1,181,735 1.34
Dec 891,329 1,185,477 1.33
2004: Jan 894,394 1,187,402 1.33
Feb 902,285 1,197,124 1.33
Mar 931,224 1,205,977 1.30
Apr 930,732 1,214,579 1.30
May 938,211 1,222,744 1.30
June 940,345 1,236,066 1.31
July 948,939 1,248,260 1.32
Aug 954,299 1,257,121 1.32
Sept (r) 957,635 1,257,095 1.31
Oct (p) 968,985 1,260,749 1.30
Nov (p) ... ... ...
Wholesale
Inven-
Inven- tory-
Sales (2) tories (3) sales
ratio (4)
1994 161,133 218,119 1.29
1995 176,227 234,268 1.30
1996 186,649 237,186 1.38
1997 194,541 254,763 1.27
1998 198,319 267,689 1.32
1999 211,631 284,396 1.30
2000 228,630 301,618 1.29
2001 225,123 287,913 1.32
2002 228,524 288,990 1.25
2003 240,442 295,435 1.21
2003: Oct (r) 246,703 292,068 1.18
Nov (r) 247,737 293,534 1.18
Dec 251,526 295,435 1.17
2004: Jan 253,664 296,016 1.17
Feb 259,109 299,712 1.16
Mar 266,509 301,311 1.13
Apr 269,017 301,989 1.12
May 269,823 306,229 1.13
June 270,235 309,744 1.15
July 272,479 314,354 1.15
Aug 275,213 317,681 1.15
Sept (r) 277,498 319,510 1.15
Oct (p) 281,971 323,085 1.15
Nov (p) ... ... ...
Retail
Retail
Inven- food
Inven- tory- services
Sales (2) tories (3) sales sales
ratio (4) (2)
1994 179,693 312,227 1.66 198,496
1995 189,028 329,582 1.72 208,496
1996 201,058 340,621 1.67 221,299
1997 210,027 350,960 1.64 231,530
1998 220,399 365,068 1.62 243,119
1999 239,910 394,235 1.59 263,733
2000 255,849 417,652 1.59 281,385
2001 263,063 406,002 1.58 289,667
2002 269,177 430,512 1.56 296,965
2003 283,295 451,458 1.56 313,057
2003: Oct (r) 286,388 446,194 1.56 317,127
Nov (r) 290,171 450,075 1.55 321,202
Dec 291,318 451,458 1.55 322,342
2004: Jan 292,253 451,357 1.54 323,918
Feb 295,019 454,614 1.54 326,996
Mar 301,790 460,087 1.52 333,818
Apr 299,146 465,891 1.56 331,131
May 303,683 466,569 1.54 335,920
June (c) 301,306 (c) 472,012 (c) 1.57 333,543
July 304,355 475,225 1.56 336,944
Aug 303,549 477,465 1.57 336,059
Sept (r) 308,658 475,208 1.54 341,461
Oct (p) (r) 310,775 472,429 1.52 344,040
Nov (p) 311,050 ... ... 344,375
(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 November, according to advance estimates for durable goods,
manufacturers' shipments fell; inventories and new and unfilled
orders rose.
Manufacturers' shipments (1)
Period Total Durable Nondurable
goods goods
1994 269,543 147,005 122,838
1995 289,973 158,568 131,405
1996 299,766 164,883 134,883
1997 319,558 178,949 140,610
1998 324,984 185,966 139,019
1999 335,991 193,895 142,096
2000 350,715 197,807 152,908
2001 330,875 181,201 149,674
2002 324,313 177,617 146,696
2003 333,260 179,220 154,041
2003: Oct 339,825 183,740 156,085
Nov 341,454 184,074 157,380
Dec 348,485 187,978 160,507
2004: Jan 348,477 186,115 162,362
Feb 348,157 188,798 159,359
Mar 362,925 197,139 165,786
Apr 362,569 195,512 167,057
May 364,705 194,389 170,316
June 368,804 196,708 172,096
July 372,105 197,698 174,407
Aug 375,537 201,398 174,139
Sept 371,479 199,341 172,138
[Oct.sup.r] 376,239 199,911 176,328
[Nov.sup.p] ... 199,433 ...
Manufacturers' inventories (2)
Period Total Durable Nondurable
goods goods
1994 400,335 253,444 146,591
1995 425,317 267,696 157,521
1996 430,816 272,787 158,029
1997 443,804 281,249 162,555
1998 449,231 290,874 158,357
1999 463,646 296,645 167,001
2000 481,396 306,682 174,714
2001 452,236 283,722 168,514
2002 444,188 271,789 172,399
2003 438,584 262,947 175,637
2003: Oct 438,680 262,351 176,329
Nov 438,126 261,414 176,172
Dec 438,584 262,947 175,637
2004: Jan 440,029 263,276 176,753
Feb 442,798 264,550 178,248
Mar 444,579 265,607 178,972
Apr 446,699 267,206 179,493
May 449,946 269,308 180,638
June 454,310 271,849 182,461
July 458,681 274,834 183,847
Aug 461,975 277,119 184,856
Sept 462,377 278,013 184,364
[Oct.sup.r] 465,235 280,381 184,854
[Nov.sup.p] ... 283,076 ...
Manufacturers' new orders (1)
Durable goods
Period Total Capital
Total goods
industries
nondefense
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 346,789 193,881 69,278
2001 322,944 173,270 58,336
2002 316,744 170,048 53,991
2003 329,167 175,126 57,445
2003: Oct 341,856 185,771 61,672
Nov 338,726 181,346 57,862
Dec 344,868 184,361 60,219
2004: Jan 341,868 179,506 58,564
Feb 345,775 186,419 60,967
Mar 363,146 197,360 64,726
Apr 359,124 192,267 63,908
May 360,561 190,245 62,996
June 364,818 192,722 63,934
July 370,838 196,431 69,879
Aug 369,574 195,435 65,015
Sept 369,578 197,440 67,076
[Oct.sup.r] 372,047 195,719 64,823
[Nov.sup.p] ... 198,455 70,104
Manufac-
Manufac- turers'
Period turers' inven-
unfilled tory--
orders (2) shipments
ratio (3)
1994 434,594 1.44
1995 447,338 1.44
1996 488,815 1.43
1997 513,166 1.37
1998 496,471 1.39
1999 505,941 1.35
2000 550,005 1.35
2001 517,590 1.42
2002 485,816 1.37
2003 506,298 1.33
2003: Oct 500,307 1.29
Nov 503,869 1.28
Dec 506,298 1.26
2004: Jan 506,184 1.26
Feb 510,535 1.27
Mar 517,585 1.22
Apr 521,211 1.23
May 524,365 1.23
June 527,537 1.23
July 533,792 1.23
Aug 535,310 1.23
Sept 540,244 1.24
[Oct.sup.r] 543,309 1.24
[Nov.sup.p] 550,085 ...
(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.--Manufactures' nondurable new order (not shown) are the same as
nondurable shipments.
Also, there are no unfilled nondurable order; data shown for total
unfilled orders are durable unfilled orders.
Total and durable shipments and inventories include data on
semiconductors; new and unfilled orders do not.
Totals for November 2004 reflect revisions to durable goods released on
December 23, 2001.
Nondurable goods are as published on December 2, 2004.
Source: Department of Commerce, Bureau of the Census.
COPYRIGHT 2004 Superintendent Of Documents
COPYRIGHT 2005 Gale Group
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