FOR IMMEDIATE RELEASEFRIDAY, MAY 1, 2009, AT 10:00 A.M. EDT
Chris Savage or Jessica YoungManufacturing and Construction Division(301) 763-4832M3-2 (09)-03CB09-72
Full Report on Manufacturers’ Shipments, Inventories and OrdersMarch 2009
Summary
New orders for manufactured goods in March, downseven of the last eight months, decreased $3.2 billion or0.9 percent to $345.3 billion, the U.S. Census Bureaureported today. This followed a 0.7 percent Februaryincrease. Excluding transportation, new orders alsodecreased 0.9 percent.Shipments, down eight consecutive months, decreased$4.5 billion or 1.2 percent to $360.0 billion. This wasthe longest streak of consecutive monthly decreasessince the series was first published on a NAICS basis in1992 and followed a 0.5 percent February decrease.Unfilled orders, down six consecutive months,decreased $11.9 billion or 1.5 percent to $759.0 billion.This was the longest streak of consecutive monthlydecreases since November 2001-July 2002. Thisfollowed a 1.7 percent February decrease. The unfilledorders-to-shipments ratio was 5.96, down from 5.98 inFebruary.Inventories, down seven consecutive months,decreased $4.1 billion or 0.8 percent to $524.8 billion.This also was the longest streak of consecutive monthlydecreases since March 2003-January 2004 and followeda 1.3 percent February decrease. The inventories-to-shipments ratio was 1.46, up from 1.45 in February.
New Orders
New orders for manufactured durable goods in March,down seven of the last eight months, decreased $1.3billion or 0.8 percent to $160.5 billion, unchanged fromthe previously published decrease. This followed a 1.6percent February increase.Machinery, down five of the last six months, had thelargest decrease, $0.8 billion or 3.4 percent to $21.6billion.New orders for manufactured nondurable goodsdecreased $1.8 billion or 1.0 percent to $184.8 billion.
Shipments
Shipments of manufactured durable goods in March,down eight consecutive months, decreased $2.7 billionor 1.5 percent to $175.1 billion, revised from thepreviously published 1.7 percent decrease. This alsowas the longest streak of consecutive monthly decreasessince the series was first published on a NAICS basis in1992 and followed a 0.9 percent February decrease.Primary metals, down eight consecutive months, hadthe largest decrease, $0.9 billion or 6.2 percent to $13.3billion.Shipments of manufactured nondurable goods, downseven of the last eight months, decreased $1.8 billion or1.0 percent to $184.8 billion. This followed a 0.2percent February decrease. This decrease was led bychemical products, which decreased $1.0 billion or 2.0percent to $50.2 billion.
Unfilled Orders
Unfilled orders for manufactured durable goods inMarch, down six consecutive months, decreased $11.9billion or 1.5 percent to $759.0 billion, revised from thepreviously published 1.4 percent decrease. Thisfollowed a 1.7 percent February decrease.Transportation equipment, down six consecutivemonths, had the largest decrease, $7.0 billion or 1.6percent to $443.3 billion.
Inventories
Inventories of manufactured durable goods in March,down three consecutive months, decreased $4.5 billionor 1.3 percent to $330.7 billion, revised from thepreviously published 1.1 percent decrease. Thisfollowed a 1.3 percent February decrease.Primary metals, down six consecutive months, had thelargest decrease, $1.0 billion or 3.5 percent to $29.1billion.Inventories of manufactured nondurable goods, upfollowing six consecutive monthly decreases, increased$0.4 billion or 0.2 percent to $194.2 billion. Thisfollowed a 1.2 percent February decrease. Petroleumand coal products drove the increase, up $0.7 billion or3.0 percent to $24.9 billion.By stage of fabrication, March materials and suppliesdecreased 1.6 percent in durable goods and 0.7 percentin nondurable goods. Work in process decreased 1.2percent in durable goods and increased 1.6 percent innondurable goods. Finished goods decreased 1.2 percentin durable goods and increased 0.3 percent in nondurablegoods.
Figures in text are in seasonally adjusted current dollars. Figures on new and unfilled orders exclude data for semiconductormanufacturing. For data, call (301) 763-4673 or go to <http://www.census.gov/m3>
.
The advance report on durable goods for April is scheduled for release on May 28, 2009, at 8:30 a.m. EDT and the full report onJune 3, 2009, at 10:00 a.m. EDT. See back page for survey description.
2
Table 1. Value of Manufacturers' Shipments for Industry Groups
[Millions of Dollars]
Seasonally AdjustedNot Seasonally Adjusted
1
MonthlyPercent ChangeMonthlyIndustryPercent
Mar.Feb.Jan.Feb. -Jan. -Dec. -Mar.Feb.Jan.Mar.2009/2009
p
2009
r
2009Mar.Feb.Jan.2009
p
2009
r
200920082009
p
20082008
All manufacturing industries......…………359,958364,479366,366-1.2-0.5-2.6371,881336,200332,396447,0251,040,4771,269,390-18.0Excluding transportation……….………314,991319,932321,827-1.5-0.6-2.4321,984293,533294,910389,673910,4271,105,148-17.6Excluding defense…………...…..……….346,742351,335354,912-1.3-1.0-2.7357,490323,511322,949434,5071,003,9501,237,269-18.9With unfilled orders…………...…..…….127,257128,949129,253-1.3-0.2-5.5136,754119,217113,163160,637369,134443,370-16.7Durable goods industries………….…..…175,132177,831179,433-1.5-0.9-5.5187,112164,265158,380222,176509,757624,345-18.4Wood products…………..……...….……
…
7,4997,5067,467-0.10.5-0.97,5086,8016,2337,95820,54222,553-8.9Nonmetallic mineral products…….………7,4507,7187,857-3.5-1.8-2.47,3786,6836,6729,00920,73325,652-19.2Primary metals…………………….…
……….
13,29714,16914,594-6.2-2.9-10.113,74713,15113,56322,11340,46163,891-36.7Iron and steel mills…………..……….….5,4596,1136,513-10.7-6.1-11.85,6055,5725,91710,90517,09431,406-45.6Aluminum and nonferrous metals……6,4966,6906,773-2.9-1.2-6.66,7286,3006,4039,38519,43127,313-28.9Ferrous metal foundries………..…..……1,3421,3661,308-1.84.4-18.31,4141,2791,2431,8233,9365,172-23.9Fabricated metal products…….……………24,87924,97525,208-0.4-0.9-3.125,55522,77222,92227,40471,24978,741-9.5Machinery………………………………………23,79924,56324,896-3.1-1.3-12.925,73922,82322,47531,85671,03786,061-17.5Farm machinery…..………….……………2,5402,5492,679-0.4-4.95.82,9552,6442,3842,6837,9836,85516.5Construction machinery…..………….…1,6311,8152,007-10.1-9.6-9.81,7101,6271,6992,4585,0366,912-27.1Mining, oil field, andgas field machinery………...…………1,4561,5651,673-7.0-6.5-8.51,5481,4641,5371,5574,5494,3913.6Industrial machinery……….…………….2,0972,2332,478-6.1-9.9-6.12,2861,8802,5783,3896,7449,173-26.5Photographic equipment….……………494640520-22.823.19.05205494185771,4871,524-2.4Ventilation, heating, air-conditioning,and refrigeration equipment…………3,2223,2803,149-1.84.2-8.63,3952,8112,5554,5618,76111,989-26.9Metalworking machinery......……..…….1,8431,9851,937-7.22.5-11.01,9391,7851,7372,5185,4617,150-23.6Turbines, generators, and otherpower transmission equipment….…3,2623,1363,0884.01.6-37.33,4122,9922,8823,8169,28610,513-11.7Material handling equipment……………1,5361,6261,688-5.5-3.7-22.51,7141,6011,5643,3854,8798,215-40.6Computers and electronic products……27,36427,88528,509-1.9-2.2-4.630,30324,70025,31935,51480,32295,201-15.6Computers…………...…………………….2,5462,7182,747-6.3-1.110.12,6572,4382,6343,7627,7299,869-21.7Computer storage devices……….……5505324923.48.1-23.68373492891,0671,4751,990-25.9Other peripheral equipment……….……1,3441,2731,2165.64.7-13.51,6441,0338481,7393,5253,904-9.7Nondefense communicationsequipment……………………….……..3,9904,0004,152-0.3-3.7-10.44,6333,3003,0446,04610,97714,449-24.0Defense communications equipment…670787849-14.9-7.335.27337607727582,2651,94216.6Audio and video equipment……...……5204974764.64.4-10.05024254196411,3461,940-30.6Semiconductors………….……...….…….2,7473,0033,841-8.5-21.8-17.42,3882,6114,7464,2729,74515,813-38.4Electronic components…………..………3,3303,3463,430-0.5-2.4-1.43,6503,0342,9564,5109,64011,925-19.2Nondefense search and navigationequipment……………….……...………887932858-4.88.6-9.11,0038917231,0632,6172,983-12.3Defense search and navigationequipment…………..…………....…….2,7212,7232,470-0.110.2-6.82,9192,7452,0292,9277,6937,915-2.8Electromedical, measuring,and control instruments……..…...…7,5787,6187,510-0.51.42.68,8666,7026,4368,17222,00420,9555.0Electrical equipment, appliances,and components………….….……………8,5198,7388,739-2.50.0-7.98,9378,0397,73610,97624,71230,680-19.5Electric lighting equipment…..…..……9829829850.0-0.31.81,0469458561,0582,8472,986-4.7Household appliances…………..……….1,7371,7201,7451.0-1.46.91,8131,4801,3871,9934,6805,344-12.4Electrical equipment………….…………2,6652,7812,640-4.25.3-21.52,9392,6742,5163,7128,12910,515-22.7Batteries………………...…….……....…..675710712-4.9-0.3-3.06585906307661,8782,167-13.3Transportation equipment………….………44,96744,54744,5390.90.0-3.849,89742,66737,48657,352130,050164,242-20.8Automobiles……………………...……….4,4104,6274,653-4.7-0.6-16.14,7954,4764,2547,24813,52522,981-41.1Light trucks and utility vehicles………5,8135,7636,0620.9-4.9-8.06,5265,5075,2619,54717,29430,099-42.5Heavy duty trucks ………...……………..1,1081,1571,135-4.21.9-18.71,1721,1171,1211,5443,4104,316-21.0Motor vehicle bodies, parts,and trailers………….…….....…………12,96013,20813,280-1.9-0.5-3.614,13313,20112,19317,45039,52751,924-23.9Nondefense aircraft and parts…..……8,0537,9309,3791.6-15.416.09,5477,2356,5119,31023,29324,299-4.1Defense aircraft and parts……...…...…5,5185,1624,5076.914.5-7.16,0424,7853,5985,11114,42512,10919.1Ships and boats……..………….…….…..1,8052,1192,021-14.84.8-2.01,9302,1001,6972,4935,7276,967-17.8Furniture and related products…….….…5,3025,4335,381-2.41.0-4.65,2175,2104,9376,39115,36419,120-19.6Miscellaneous durable goods……..………12,05612,29712,243-2.00.40.712,83111,41911,03713,60335,28738,204-7.6Nondurable goods industries…….………184,826186,648186,933-1.0-0.20.5184,769171,935174,016224,849530,720645,045-17.7Food products……….…………..……….…..50,24450,21850,1880.10.10.449,92447,49547,98650,131145,405147,005-1.1Grain and oilseed milling…….....….…5,8575,7695,7931.5-0.4-2.95,9555,4345,4895,89216,87817,033-0.9Dairy products……………...……...…….6,2366,2256,3660.2-2.2-2.96,1935,6006,2157,22718,00821,907-17.8Meat, poultry, and seafood products…14,80714,93515,001-0.9-0.41.914,20214,28714,18214,61142,67143,093-1.0Beverage and tobacco products……………10,90411,53411,533-5.50.0-0.910,67610,66310,50511,14431,84431,3741.5Beverages………………..….…..…………7,8267,8988,068-0.9-2.12.77,5987,0277,0407,62321,66521,2222.1Tobacco……...……..…….………………..3,0783,6363,465-15.34.9-8.53,0783,6363,4653,52110,17910,1520.3Textile mills………………….…………………2,1892,2182,272-1.3-2.4-3.92,2442,1642,1212,9746,5298,659-24.6Textile products………..……………………1,7931,8551,904-3.3-2.6-1.31,8291,7791,6852,3925,2936,865-22.9Apparel……………………..……..…………..2,1952,3442,359-6.4-0.6-4.02,1732,2982,0252,5746,4967,495-13.3Leather and allied products………………419421426-0.5-1.2-2.14434423525101,2371,462-15.4Paper products…………………….……..…..12,98813,23113,234-1.80.0-1.713,10112,40812,92714,31038,43642,579-9.7Pulp, paper, and paperboard mills....…6,1546,2786,368-2.0-1.4-1.36,2145,9446,2776,90118,43520,726-11.1Paperboard containers……..…………….3,5683,6263,600-1.60.7-1.83,5603,2973,4884,05710,34511,916-13.2Printing…………………...………….…….…..7,5697,6447,758-1.0-1.50.77,6706,9617,2348,42621,86523,932-8.6Petroleum and coal products………………31,18730,44431,9992.4-4.99.528,85626,21828,56955,61083,643155,243-46.1Petroleum refineries………...……..……28,27427,06629,1534.5-7.210.026,18423,59626,26053,38776,040148,808-48.9Chemical products……..……………..……50,24551,27550,288-2.02.0-0.852,51747,37646,77459,180146,667169,141-13.3Pesticides, fertilizers, and otheragricultural chemicals….…...………..3,0923,1643,033-2.34.32.23,9542,9432,4394,2499,33610,139-7.9Pharmaceuticals and medicines………14,52914,93414,381-2.73.8-1.915,02413,97113,66314,41142,65842,5780.2Paints, coatings, and adhesives…....…2,4672,4992,505-1.3-0.211.22,5392,2792,2002,8197,0187,990-12.2Plastics and rubber products…...…………15,09315,46414,972-2.43.3-7.315,33614,13113,83817,59843,30551,290-15.6
p
Preliminary
r
Revised
NA Not available.
1
Shipments are the totals for the period and are adjusted for trading-day and calendar-month variations.See note at end of Table 2 relating to survey error and revision.
Year to date
3
Table 2. Value of Manufacturers' New Orders for Industry Groups
[Millions of Dollars]
Seasonally AdjustedNot Seasonally Adjusted
1
MonthlyPercent ChangeMonthlyIndustryPercent
Mar.Feb.Jan.Feb. -Jan. -Dec. -Mar.Feb.Jan.Mar.2009/2009
p
2009
r
2009Mar.Feb.Jan.2009
p
2009
r
200920082009
p
20082008
All manufacturing industries
2
......……….…345,304348,460346,120-0.90.7-3.5360,788321,011319,884456,2311,001,6831,292,776-22.5Excluding transportation
2
……….……307,380310,064308,610-0.90.5-2.4317,041286,698285,156390,280888,8951,106,083-19.6Excluding defense
2
…………...…..……333,337336,310336,726-0.9-0.1-1.9345,376309,429310,028440,689964,8331,253,796-23.0With unfilled orders
2
………...…..………115,350115,933112,848-0.52.7-9.2128,049106,639105,397174,115340,085482,569-29.5Durable goods industries
2
………….…..…160,478161,812159,187-0.81.6-7.8176,019149,076145,868231,382470,963647,731-27.3Primary metals…………………….…
………
12,36512,81813,129-3.5-2.4-6.912,99812,07512,71322,92837,78666,694-43.3Iron and steel mills…………..……….…4,8285,3695,581-10.1-3.8-4.55,1345,0255,39811,65515,55733,607-53.7Aluminum and nonferrous metals……6,2906,3666,379-1.2-0.2-6.66,5716,0376,1109,47618,71827,785-32.6Ferrous metal foundries………..…..……1,2471,0831,16915.1-7.4-17.71,2931,0131,2051,7973,5115,302-33.8Fabricated metal products…….……………23,02722,93923,2980.4-1.5-6.124,99221,55221,46430,04068,00882,705-17.8Machinery………………………………………21,60922,36421,019-3.46.4-12.223,80320,82220,37933,38265,00491,977-29.3Construction machinery…..……………9881,198771-17.555.4-31.41,3381,0139934,2163,3449,386-64.4Mining, oil field, andgas field machinery………...…………1,1841,2941,243-8.54.1-23.71,2331,2421,0061,5303,4814,657-25.3Industrial machinery……….……………1,1771,9061,307-38.245.8-31.91,1861,7072,0063,2574,89910,387-52.8Photographic equipment….……………463601538-23.011.77.44965035495441,5481,715-9.7Ventilation, heating, air-conditioning,and refrigeration equipment………3,5703,8903,156-8.223.322.63,8292,9472,7413,8229,51711,083-14.1Metalworking machinery......……..……1,6821,6021,5965.00.4-16.31,7271,5241,6082,5164,8597,488-35.1Turbines, generators, and otherpower transmission equipment….…3,0882,7492,90212.3-5.3-30.43,2972,7242,6444,4928,66511,525-24.8Material handling equipment…………1,3731,1991,28114.5-6.4-25.71,5561,3491,2363,2964,1418,785-52.9Computers and electronic products
2
……24,83824,68723,0130.67.3-7.328,72022,75119,77132,46571,24282,514-13.7Computers…………...…………………….2,4712,7212,343-9.216.1-4.32,5822,4412,2303,9917,2539,676-25.0Nondefense communicationsequipment……………………….…….3,9613,8033,5554.27.0-20.34,5943,7692,7485,88711,11115,221-27.0Defense communications equipment…5349581,275-44.3-24.961.01,0028081,1171,2152,9272,20832.6Semiconductors
2
………….……...….……(NA)(NA)(NA)(NA)(NA)(NA)(NA)(NA)(NA)(NA)(NA)(NA)(NA)Electronic components…………..………3,3173,1903,2164.0-0.8-0.73,5393,0262,9124,6159,47712,540-24.4Nondefense search and navigationequipment……………….……...………1,02570159746.217.4-36.81,1625887698602,5193,117-19.2Defense search and navigationequipment…………..…………....…..2,8073,0002,433-6.423.37.43,4223,3681,9813,4588,7719,001-2.6Electromedical, measuring,and control instruments……..…...…7,8287,5566,9423.68.8-8.48,9656,5326,0358,43521,53221,4010.6Electrical equipment, appliances,and components………….….……………8,2958,1748,3491.5-2.1-9.88,4687,9368,0139,39024,41731,780-23.2Electric lighting equipment…..…..……1,0059629274.53.83.11,1009728651,0692,9373,154-6.9Household appliances…………..………1,7551,7191,7402.1-1.26.61,7631,5431,4911,9864,7975,522-13.1Electrical equipment………….…………2,3562,3682,174-0.58.9-32.22,4672,5012,3042,4837,27211,201-35.1Transportation equipment…………………37,92438,39637,510-1.22.4-11.943,74734,31334,72865,951112,788186,693-39.6Motor vehicle bodies, parts,and trailers………….…….....…………12,88613,08912,878-1.61.6-2.613,73513,20712,16317,10439,10551,320-23.8Nondefense aircraft and parts…..……3,9733,7515,4735.9-31.5165.95,4181,0844,04117,08410,54342,053-74.9Defense aircraft and parts……...….……5,3515,0243,8486.530.6-33.26,5544,6783,9956,07115,22714,2297.0Ships and boats……..………….…………1,1351,444712-21.4102.8-85.41,2081,4121,5092,7974,1298,608-52.0Furniture and related products…….….…5,4665,3795,4251.6-0.8-1.55,6255,1904,9816,76715,79619,476-18.9Nondurable goods industries......…………184,826186,648186,933-1.0-0.20.5184,769171,935174,016224,849530,720645,045-17.7
p
Preliminary
r
Revised
NA Not available.
1
New orders are the totals for the period and are adjusted for trading-day and calendar-month variations.
2
Data on new orders are not available for the semiconductor industry. Estimates and percent changes for new orders exclude semiconductor industry data.Note: Estimates of manufacturers' shipments, inventories and orders are subject to survey error and revision. One major component of survey error is nonsamplingerror, which includes errors of coverage, response, and nonreporting. Since the survey panel is not a probability sample, estimates of sampling error cannot becalculated. Further details on survey design, methodology, and data limitations are contained in our most recent annual benchmark publication,Current Industrial Reports: M3-3(07), "Manufacturers' Shipments, Inventories, and Orders: 2004-2007."
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