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MANUFACTURERS' SHIPMENTS INVENTORIES AND ORDERS
AUGUST 1997
New orders for manufactured goods in August increased $4.3 billion or 1.3 percent to $335.5 billion, the Department of Commerce, Bureau of the Census reported today. This follows a 0.5 percent July increase and is the third consecutive monthly increase. Excluding transportation, new orders increased 0.8 percent, following a 1.0 percent July increase. Year to date, new orders are 5.2 percent above the same period a year ago.
Shipments decreased $2.5 billion or 0.8 percent to $330.4 billion, following a 1.4 percent July increase. This is the first decline since May and the third this year. Year to date, shipments are 5.8 percent above the same period a year ago.
Unfilled orders, up three of the last four months, increased $5.1 billion or 1.0 percent to $527.2 billion, following a 0.3 percent July decrease. The unfilled orders-to-shipments ratio was 2.86, up from 2.80 in July.
Inventories, up thirteen of the last fourteen months, increased $1.9 billion or 0.4 percent to $448.5 billion, following a 0.4 percent July increase. The inventories-to-shipments ratio was 1.36, up from 1.34 in July.
(seasonally adjusted millions of dollars)
Aug Jul Jun 1997(p) 1997(r) 1997 Shipments All manufacturing industries 330,389 332,895 328,315 New Orders All manufacturing industries 335,457 331,138 329,554 w/o defense capital goods 329,416 325,161 323,283 Durable goods industries 186,548 181,679 181,584 Nondurable goods industries 148,909 149,459 147,970 Unfilled Orders All manufacturing industries 527,239 522,171 523,928 Inventories All manufacturing industries 448,542 446,602 444,823 Jul- Jun- May- Aug(p) Jul(r) Jun Shipments All manufacturing industries —0.8 +1.4 +1.5 New Orders All manufacturing industries +1.3 +0.5 +1.7 w/o defense capital goods +1.3 +0.6 +1.5 Durable goods industries +2.7 +0.1 +2.9 Nondurable goods industries —0.4 +1.0 +0.3 Unfilled Orders All manufacturing industries +1.0 —0.3 +0.2 Inventories All manufacturing industries +0.4 +0.4 +0.3
(p)–Prelimary.
(r)–Revised.
October 2, 1997U.S. Department of Commerce
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