ADVANCE REPORT ON DURABLE GOODS MANUFACTURERS' SHIPMENTS AND ORDERS
March 2000
(All figures in text below are in seasonally adjusted current dollars)
NEW ORDERS New orders for manufactured durable goods in March
increased $5.5 billion or 2.6 percent to $215.2 billion, the
Department of Commerce, Bureau of the Census reported today.
This follows a 2.0 percent February decrease. Excluding
transportation, new orders increased 2.8 percent. Year-to-date,
new orders are 7.4 percent above the same period a year ago; new
orders for the first quarter are 2.2 percent above fourth
quarter 1999.
Electronic and other electrical equipment, led by electronic
components, had the largest increase, $4.0 billion or 9.7
percent to $44.8 billion. This is the eighth increase in the
last ten months. Transportation equipment increased $0.8
billion or 1.8 percent to $47.3 billion; an increase in
motor vehicles and parts more than offset a decrease in
shipbuilding and tanks. Primary metals increased $0.1 billion or
0.5 percent to $15.9 billion. Industrial machinery and
equipment, down four of the last five months, decreased $0.9
billion or 2.1 percent to $40.4 billion.
SHIPMENTS Shipments of durable goods in March increased $3.2
billion or 1.5 percent to $209.7 billion, following a 1.4
percent February decrease. This is the ninth increase in the
last eleven months. Year-to-date, shipments are 6.6 percent
above the same period a year ago; shipments for the first
quarter are 2.0 percent above fourth quarter 1999.
Transportation equipment had the largest increase, $0.9 billion
or 2.0 percent to $47.8 billion; an increase in motor vehicles
and parts more than offset a decrease in aircraft and parts.
Electronic and other electrical equipment increased $0.7 billion
or 1.8 percent to $38.6 billion. This is the fourth increase in
the last five months. Industrial machinery and equipment
increased $0.7 billion or 1.7 percent to $40.9 billion. Primary
metals, up nine of the last eleven months, increased $0.1
billion or 0.6 percent to $16.1 billion.
UNFILLED ORDERS Unfilled orders for durable goods in March
increased $5.6 billion or 1.1 percent to $526.0 billion,
following a 0.6 percent February increase. This is the ninth
consecutive increase. Electronic and other electrical equipment
had the largest increase, $6.2 billion or 7.1 percent to $94.0
billion, mostly due to electronic components. This is the
fifteenth increase in the last sixteen months and the largest
since August 1997. Industrial machinery and equipment, down for
the first time since June 1999, decreased $0.5 billion or 0.6
percent to $83.5 billion. Transportation equipment, down
nineteen of the last twenty-three months, decreased $0.5 billion
or 0.2 percent to $229.3 billion, mostly due to railroad
equipment. Primary metals, down five consecutive months,
decreased $0.2 billion or 0.5 percent to $31.6 billion.
CAPITAL GOODS INDUSTRIES, DEFENSE New orders in March decreased
$2.0 billion or 30.6 percent to $4.5 billion. Shipments, down
four consecutive months, decreased $0.1 billion or 1.2 percent
to $5.9 billion. Unfilled orders, down for the first time since
November 1999, decreased $1.4 billion or 1.5 percent to $93.5
billion.
CAPITAL GOODS INDUSTRIES, NONDEFENSE New orders in March
increased $1.2 billion or 2.0 percent to $58.6 billion.
Shipments increased $0.3 billion or 0.4 percent to $57.5
billion. Unfilled orders, up four consecutive months, increased
$1.1 billion or 0.4 percent to $262.7 billion. Excluding
aircraft and parts, new orders increased $0.5 billion or
1.0 percent to $51.2 billion; shipments increased $1.5 billion
or 2.9 percent to $51.5 billion; and unfilled orders, down for
the first time since August 1999, decreased $0.3 billion or 0.3
percent to $119.1 billion.
REVISED FEBRUARY DATA Revised seasonally adjusted February
figures for all manufacturing industries are: shipments, $370.6
billion (revised from $368.9 billion); new orders, $374.3
billion (revised from $372.0 billion); unfilled orders, $546.3
billion (revised from $545.7 billion); and total inventories,
$476.3 billion (revised from $476.1 billion).
TABLE 1, PART 1: DURABLE GOODS MANUFACTURERS' SHIPMENTS AND ORDERS
------Seasonally Adjusted ---
Monthly
(Millions of dollars)
ITEM
Mar. Feb. Jan.
2000(2) 2000(r) 2000
DURABLE GOODS
Total:
Shipments........................ 209,677 206,480 209,442
New orders....................... 215,243 209,791 213,982
Unfilled orders.................. 525,952 520,386 517,075
Durable goods excluding defense:
Shipments............................. 203,744 200,474 203,189
New orders............................ 210,706 203,257 207,170
Unfilled orders....................... 432,475 425,513 422,730
Durable goods with unfilled orders:
Shipments............................. 172,306 170,486 172,674
New orders............................ 177,872 173,797 177,214
Primary metals:
Shipments............................. 16,058 15,962 16,091
New orders............................ 15,889 15,810 16,065
Unfilled orders....................... 31,565 31,734 31,886
Industrial machinery and equipment:
Shipments............................. 40,923 40,257 41,311
New orders............................ 40,416 41,300 42,937
Unfilled orders....................... 83,460 83,967 82,924
Electronic and other
electrical equipment
Shipments............................. 38,580 37,892 38,035
New orders............................ 44,830 40,850 37,364
Unfilled orders....................... 94,003 87,753 84,795
Transportation equipment:
Shipments............................. 47,764 46,823 48,663
New orders............................ 47,261 46,435 51,438
Unfilled orders....................... 229,345 229,848 230,236
CAPITAL GOODS INDUSTRIES
Shipments............................. 63,444 63,265 65,120
New orders............................ 63,117 63,955 70,162
Unfilled orders....................... 356,216 356,543 355,853
Nondefense:
Shipments......................... 57,511 57,259 58,867
New orders........................ 58,580 57,421 63,350
Unfilled orders................... 262,739 261,670 261,508
Excluding Aircraft and Parts:
Shipments......................... 51,495 50,039 51,134
New orders........................ 51,176 50,693 54,272
Unfilled orders................... 119,121 119,440 118,786
Defense:
Shipments......................... 5,933 6,006 6,253
New orders........................ 4,537 6,534 6,812
Unfilled orders................... 93,477 94,873 94,345
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TABLE 1, PART 2: DURABLE GOODS MANUFACTURERS' SHIPMENTS AND ORDERS
------Seasonally Adjusted ---
Percent Change
ITEM
Feb.- Jan.- Dec.-
Mar.(2) Feb.(r) Jan.
DURABLE GOODS
Total:
Shipments........................ +1.5 -1.4 +1.4
New orders....................... +2.6 -2.0 -1.9
Unfilled orders.................. +1.1 +0.6 +0.9
Durable goods excluding defense:
Shipments............................. +1.6 -1.3 +1.6
New orders............................ +3.7 -1.9 -1.0
Unfilled orders....................... +1.6 +0.7 +1.0
Durable goods with unfilled orders:
Shipments............................. +1.1 -1.3 +1.4
New orders............................ +2.3 -1.9 -2.6
Primary metals:
Shipments............................. +0.6 -0.8 +2.1
New orders............................ +0.5 -1.6 +4.7
Unfilled orders....................... -0.5 -0.5 -0.1
Industrial machinery and equipment:
Shipments............................. +1.7 -2.6 +6.8
New orders............................ -2.1 -3.8 +10.9
Unfilled orders....................... -0.6 +1.3 +2.0
Electronic and other
electrical equipment
Shipments............................. +1.8 -0.4 +4.8
New orders............................ +9.7 +9.3 -10.0
Unfilled orders....................... +7.1 +3.5 -0.8
Transportation equipment:
Shipments............................. +2.0 -3.8 -2.9
New orders............................ +1.8 -9.7 -7.6
Unfilled orders....................... -0.2 -0.2 +1.2
CAPITAL GOODS INDUSTRIES
Shipments............................. +0.3 -2.8 +3.2
New orders............................ -1.3 -8.8 -1.9
Unfilled orders....................... -0.1 +0.2 +1.4
Nondefense:
Shipments......................... +0.4 -2.7 +4.0
New orders........................ +2.0 -9.4 +1.1
Unfilled orders................... +0.4 +0.1 +1.7
Excluding Aircraft and Parts:
Shipments......................... +2.9 -2.1 +5.9
New orders........................ +1.0 -6.6 +5.8
Unfilled orders................... -0.3 +0.6 +2.7
Defense:
Shipments......................... -1.2 -4.0 -4.1
New orders........................ -30.6 -4.1 -23.1
Unfilled orders................... -1.5 +0.6 +0.6
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TABLE 1, PART 3: DURABLE GOODS MANUFACTURERS' SHIPMENTS AND ORDERS
---Not Seasonally Adjusted ---
Monthly
(Millions of dollars)
ITEM
Mar. Feb. Mar. Mar.
2000(2) 2000(r) 1999 00/99
DURABLE GOODS
Total:
Shipments........................ 228,192 205,315 215,480 +5.9
New orders....................... 230,385 208,317 214,181 +7.6
Unfilled orders.................. 527,545 525,352 504,906 +4.5
Durable goods excluding defense:
Shipments............................. 221,882 199,366 208,307 +6.5
New orders............................ 225,225 201,842 204,822 +10.0
Unfilled orders....................... 432,151 428,808 406,056 +6.4
Durable goods with unfilled orders:
Shipments............................. 187,377 167,675 176,528 +6.1
New orders............................ 189,570 170,677 175,229 +8.2
Primary metals:
Shipments............................. 16,911 16,424 15,242 +11.0
New orders............................ 16,889 17,262 15,406 +9.6
Unfilled orders....................... 32,989 33,011 30,755 +7.3
Industrial machinery and equipment:
Shipments............................. 48,372 38,808 43,579 +11.0
New orders............................ 46,878 40,166 44,134 +6.2
Unfilled orders....................... 83,707 85,201 77,018 +8.7
Electronic and other
electrical equipment
Shipments............................. 41,599 36,629 35,501 +17.2
New orders............................ 45,321 37,885 34,282 +32.2
Unfilled orders....................... 92,383 88,661 62,668 +47.4
Transportation equipment:
Shipments............................. 52,003 49,059 53,786 -3.3
New orders............................ 51,800 48,578 53,049 -2.4
Unfilled orders....................... 230,859 231,062 246,335 -6.3
CAPITAL GOODS INDUSTRIES
Shipments............................. 72,428 60,009 69,310 +4.5
New orders............................ 71,459 61,185 69,816 +2.4
Unfilled orders....................... 358,476 359,445 360,009 -0.4
Nondefense:
Shipments......................... 66,118 54,060 62,137 +6.4
New orders........................ 66,299 54,710 60,457 +9.7
Unfilled orders................... 263,082 262,901 261,159 +0.7
Excluding Aircraft and Parts:
Shipments......................... 59,683 47,134 52,867 +12.9
New orders........................ 58,476 48,276 53,753 +8.8
Unfilled orders................... 119,464 120,671 111,051 +7.6
Defense:
Shipments......................... 6,310 5,949 7,173 -12.0
New orders........................ 5,160 6,475 9,359 -44.9
Unfilled orders................... 95,394 96,544 98,850 -3.5
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(r)Revised
(1)Shipments and new orders are the totals for the period and are
adjusted for trading-day and calendar-month variations; unfilled orders
are as of the end of the period and are not adjusted for trading-
day or calendar-month variations
(2)Based on advance sample.
(3)The Capital Goods industries include Nondefense capital goods:
ordnance and accesories, steam engines and turbines, internal combustion
engines construction, mining, and material handling equipment,
metalworking machinery, special industry machinery, general industrial
machinery, computer and office equipment, refrigeration, heating and
service industry machinery, electrical transmission and distribution
equipment, electrical industrial apparatus, communications equipment,
aircraft, missiles, space vehicles, and space vehicles engines and parts,
ships and tank components, railroad equipment, and search and
navigation equipment.
Defense capital goods industries include, ordnance and accessories,
communications equipment, aircraft, missiles, space vehicles, and engines
and parts, ships, tanks and tank components, and search and navigation
equipment.
SOURCE: Current Industrial Reports: Manufacturers' Shipments,
Inventories, and Orders, 1995.
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TABLE 2, PART 1: AVERAGE REVISIONS TO PREVIOUSLY PUBLISHED MONTHLY
PERCENT CHANGES
Shipments
Year ago Mar. Mar. 1999-
Mar. 1999 1995-1999 Feb. 2000
Industry
Durable goods................... 2.5 0.7 1.2
Primary metals........................ 4.1 1.4 1.2
Industrial machinery and equipment.... 0.5 0.3 2.7
Electronic and other
electrical equipment................ 1.5 0.5 1.6
Transportation equipment.............. 6.1 1.7 5.6
Nondefense capital goods.............. 1.9 0.6 3.0
Defense capital goods................. 0.2 0.4 4.3
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TABLE 2, PART 2: AVERAGE REVISIONS TO PREVIOUSLY PUBLISHED MONTHLY
PERCENT CHANGES
New Orders
Year ago Mar. Mar. 1999-
Mar. 1991 1995-1999 Feb. 2000
Industry
Durable goods................... 0.7 0.7 1.5
Primary metals........................ 0.8 0.8 1.4
Industrial machinery and equipment.... 0.6 0.7 2.0
Electronic and other
electrical equipment................. 1.4 0.7 3.9
Transportation equipment.............. 1.1 1.9 5.7
Nondefense capital goods.............. 0.2 1.8 3.5
Defense capital goods................. 5.0 4.8 8.4
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TABLE 2, PART 3: AVERAGE REVISIONS TO PREVIOUSLY PUBLISHED MONTHLY
PERCENT CHANGES
Unfilled Orders
Year ago Mar. Mar. 1999-
Mar. 1999 1995-1999 Feb. 2000
Industry
Durable goods................... 0.7 0.3 0.5
Primary metals........................ 1.8 0.7 1.0
Industrial machinery and equipment.... 1.2 0.5 0.9
Electronic and other
electrical equipment................. 0.7 0.4 1.2
Transportation equipment............. 1.9 0.6 0.9
Nondefense capital goods.............. 0.5 0.5 0.7
Defense capital goods................. 2.8 0.8 1.5
Note: The revisions are the differences between the month-to-month percent
changes of the advance and final estimates. The monthly averages are the
simple averages of the differences, without regard to sign, for the months
specified.
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