FOR IMMEDIATE RELEASETUESDAY, JUNE 25, 2013, AT 8:30 A.M. EDT
Chris Savage or Adriana StoicaManufacturing and Construction Division(301) 763-4832M3-1 (13)-05CB13-115
Advance Report on Durable Goods Manufacturers’ Shipments, Inventories and OrdersMay 2013
New Orders
New orders for manufactured durable goods in Mayincreased $8.0 billion or 3.6 percent to $231.0 billion,the U.S. Census Bureau announced today. This increase,up three of the last four months, followed a 3.6 percentApril increase. Excluding transportation, new ordersincreased 0.7 percent. Excluding defense, new ordersincreased 3.5 percent.Transportation equipment, also up three of the last four months, led the increase, $6.9 billion or 10.2 percent to$74.3 billion. This was led by nondefense aircraft and parts, which increased $6.3 billion.
Shipments
Shipments of manufactured durable goods in May, upthree of the last four months, increased $2.8 billion or 1.2 percent to $229.7 billion. This followed a 0.6 percent April decrease.Transportation equipment, also up three of the last four months, led the increase, $2.4 billion or 3.6 percent to$69.3 billion. This followed a 0.9 percent Aprildecrease.
Unfilled Orders
Unfilled orders
for manufactured durable goods inMay, up three of the last four months, increased $8.1 billion or 0.8 percent to $1,004.7 billion. This increasefollowed a 0.3 percent April increase.Transportation equipment, also up three of the last four months, led the increase, $5.0 billion or 0.8 percent to$616.6 billion.
Inventories
Inventories
of manufactured durable goods in May, upfour of the last five months, increased $0.5 billion or 0.1 percent to $378.0 billion. This was at the highest levelsince the series was first published on a NAICS basis in1992, and followed a 0.3 percent April increase.Computers and electronic products, up twoconsecutive months, led the increase, $0.4 billion or 0.8 percent to $46.5 billion.
Capital Goods
Nondefense new orders for capital goods in Mayincreased $7.1 billion or 9.3 percent to $83.5 billion.Shipments increased $4.3 billion or 6.0 percent to $75.8 billion. Unfilled orders increased $7.8 billion or 1.3 percent to $585.6 billion. Inventories increased $0.4 billion or 0.2 percent to $171.5 billion.Defense new orders for capital goods in May increased $0.9 billion or 12.0 percent to $8.3 billion. Shipmentsincreased slightly to $9.6 billion. Unfilled ordersdecreased $1.2 billion or 0.7 percent to $167.3 billion.Inventories increased $0.3 billion or 1.3 percent to $22.7 billion.
Revised April Data
Revised seasonally adjusted April figures for allmanufacturing industries were: new orders, $474.1 billion (revised from $474.0 billion); shipments, $478.0 billion (revised from $478.7 billion); unfilled orders,$996.6 billion (revised from $995.9 billion); and totalinventories, $627.6 billion (revised from $627.9 billion).
Figures in text are adjusted for seasonality, but not for inflation. Figures on new and unfilled orders exclude data forsemiconductor manufacturing. For data, call (301) 763-4673 or go to <http://www.census.gov/m3>. Revised and more detailed estimates, plus nondurable goods data, will be published on July 2, 2013, at 10:00 a.m. EDT. Theadvance report on durable goods for June is scheduled for release on July 25, 2013, at 8:30 a.m. EDT. See back page for surveydescription. To receive the latest updates on the Nation's key economic indicators, download the America's Economy app forApple and Android smartphones and tablets.
2
Table 1. Durable Goods Manufacturers' Shipments and New Orders
1
[Estimates are shown in millions of dollars and are based on data from the Manufacturers' Shipments, Inventories, and Orders Survey.]
Seasonally AdjustedNot Seasonally AdjustedMonthlyPercent ChangeMonthlyYear to Date
Item
Percent
MayAprMarApr -Mar -Feb -MayAprMay
Change
2013
2
2013
r
2013May
2
Apr
r
Mar2013
2
2013
r
2012201320122013/2012
DURABLE GOODSTotal:
Shipments…………………………..229,739226,909228,3421.2-0.60.9236,591227,744229,8891,123,2471,094,8862.6New Orders
4
…………………………231,030222,988215,2673.63.6-5.9234,438218,395217,7601,111,3051,088,2502.1
Excluding transportation:
Shipments…………………………..160,489160,096160,9320.2-0.50.1164,376161,702163,437790,707784,8410.7New Orders
4
…………………………156,761155,617153,0330.71.7-1.6160,642157,242155,794781,715772,1131.2
Excluding defense:
Shipments…………………………..217,758215,090215,7241.2-0.30.7224,704216,830217,5551,065,3831,036,6382.8New Orders
4
…………………………220,586213,084207,7903.52.5-4.5226,841210,886208,7781,065,2321,030,9633.3
Manufacturing with unfilled orders:
Shipments…………………………..161,815158,683160,0522.0-0.90.9166,708156,979164,137787,003781,4810.7New Orders…………………………169,891161,941154,4644.94.8-8.0170,225156,052158,158808,487807,7030.1
Primary metals:
Shipments…………………………..24,49124,70824,561-0.90.6-1.226,01825,98627,135127,364131,048-2.8New Orders…………………………25,53025,31224,7310.92.3-5.526,17026,34224,414130,296129,4860.6
Fabricated metal products:
Shipments…………………………..28,98929,11128,451-0.42.3-1.830,27329,56029,736142,811141,8450.7New Orders…………………………29,46129,73829,364-0.91.3-0.830,53930,61230,208154,153149,3173.2
Machinery:
Shipments…………………………..34,61134,22035,0781.1-2.40.735,43434,77133,516170,533162,3885.0New Orders…………………………34,73234,33133,9821.21.0-1.535,80235,61033,798175,181168,4674.0
Computers and electronic products
4
:
Shipments…………………………..27,53327,58328,438-0.2-3.03.325,72526,70527,816131,396137,377-4.4New Orders…………………………22,13021,55720,5952.74.7-0.620,87719,65621,603101,505110,235-7.9
Computers and related products:
Shipments…………………………..2,3622,3372,4821.1-5.811.91,9391,6912,26310,04010,970-8.5New Orders…………………………2,3872,3632,4541.0-3.7-0.41,9641,7172,27010,29610,975-6.2
Communications equipment:
Shipments…………………………..4,1063,9613,9363.70.60.63,9563,4893,82818,63617,7515.0New Orders…………………………5,1164,5444,06112.611.92.24,8904,0133,81021,24419,7677.5
Electrical equipment, appliances,and components:
Shipments…………………………..10,42310,19710,2732.2-0.7-1.110,77110,11110,72850,65351,050-0.8New Orders…………………………10,49610,34910,3511.40.0-0.210,97110,08711,13251,75152,396-1.2
Transportation equipment:
Shipments…………………………..69,25066,81367,4103.6-0.93.072,21566,04266,452332,540310,0457.3New Orders…………………………74,26967,37162,23410.28.3-15.073,79661,15361,966329,590316,1374.3
Motor vehicles and parts:
Shipments…………………………..44,46645,16744,162-1.62.30.647,70846,23343,996224,086204,2049.7New Orders…………………………44,62245,16844,109-1.22.40.147,67745,98843,576224,247203,67210.1
Nondefense aircraft and parts:
Shipments…………………………..12,6509,70210,78330.4-10.013.912,2838,51910,23750,13647,7385.0New Orders…………………………18,63012,33910,43151.018.3-43.317,1817,1499,02960,15057,5174.6
Defense aircraft and parts:
Shipments…………………………..4,7634,6245,1023.0-9.49.24,6394,0694,71122,35022,831-2.1New Orders…………………………4,2634,1122,8753.743.0-7.52,8782,8803,31115,61823,730-34.2
All other durable goods:
Shipments…………………………..34,44234,27734,1310.50.4-0.436,15534,56934,506167,950161,1334.2New Orders…………………………34,41234,33034,0100.20.9-0.636,28334,93534,639168,829162,2124.1
Capital goods
3
:
Shipments…………………………..85,32681,02184,1435.3-3.72.785,44677,97582,283402,348396,1601.6New Orders…………………………91,86583,84979,5179.65.4-12.088,95977,34778,546419,473418,3110.3
Nondefense capital goods:
Shipments…………………………..75,75871,45774,0056.0-3.42.575,84968,99572,313355,216349,3491.7New Orders…………………………83,51976,39773,7959.33.5-8.982,58071,73771,472382,378372,5472.6
Excluding aircraft:
Shipments………………………66,35865,22766,5921.7-2.00.666,50863,62165,307321,497317,5691.2New Orders……………………..68,29367,55466,7341.11.21.168,36267,32466,337338,995332,3182.0
Defense capital goods:
Shipments…………………………..9,5689,56410,1380.0-5.73.89,5978,9809,97047,13246,8110.7New Orders…………………………8,3467,4525,72212.030.2-39.16,3795,6107,07437,09545,764-18.9
r
Revised data due to late receipts and concurrent seasonal adjustment.
1
Estimates of shipments and new orders are for the duration of the period, while estimates of unfilled orders and total inventories are for the end of the period. Not seasonally adjusted estimates of shipments and new orders include adjusted data for non-calendar reporters. Seasonally adjusted estimates include concurrent adjustments for holiday and trading-day differences, where appropriate,as well as seasonal variation, based on the results of the latest annual review of the model parameters. Estimates are not adjusted for price changes.
2
Based on advance sample. Estimates of manufacturers' shipments, inventories, and orders are subject to survey error and revision. One major component of survey error is nonsampling error, whichincludes errors of coverage, response and nonreporting. Since the survey panel is not a probability sample, estimates of sampling error cannot be calculated. For further details on survey design,methodology, and data limitations, see http://www.census.gov/manufacturing/m3.
3
The Capital Goods Industries include Nondefense : small arms and ordnance; farm machinery and equipment; construction machinery; mining, oil, and gas field machinery; industrial machinery; vending,laundry, and other machinery; photographic equipment; metalworking machinery; turbines and generators; other power transmission equipment; pumps and compressors; material handling equipment; allother machinery; electronic computers; computer storage devices; other computer peripheral equipment; communications equipment; search and navigation equipment; electromedical, measuring, andcontrol instruments; electrical equipment; other electrical equipment, appliances, and components; heavy duty trucks; aircraft; railroad rolling stock; ships and boats; office and institutional furniture; andmedical equipment and supplies.Defense Capital Goods include : small arms and ordnance, communications equipment, aircraft; missiles, space vehicles, and parts, ships and boats, and search and navigation equipment.
4
Estimates of shipments for the semiconductor industry are no longer shown separately. Estimates and percent changes of shipments and inventories for the semiconductor industry are includedin computers and electronic products, and all other applicable aggregate totals. Estimates and percent changes for new orders and unfilled orders exclude semiconductor industry data.
3
Table 2. Durable Goods Manufacturers' Unfilled Orders and Total Inventories
1
[Estimates are shown in millions of dollars and are based on data from the Manufacturers' Shipments, Inventories, and Orders Survey.]Seasonally AdjustedNot Seasonally AdjustedMonthlyPercent ChangeMonthlyPercentItem
Change
MayAprMarApr -Mar -Feb -MayAprMay2013/2013
2
2013
r
2013May
2
Apr
r
Mar2013
2
2013
r
20122012
DURABLE GOODSTotal:
Unfilled Orders
4
…………………….1,004,706996,630993,3720.80.3-0.61,012,3481,008,831981,1963.2Total Inventories…………………..377,952377,489376,5340.10.3-0.1381,295379,846370,4282.9
Excluding transportation:
Unfilled Orders
4
…………………….388,098385,041382,3410.80.7-0.1395,769393,833397,299-0.4Total Inventories…………………..261,543261,362261,7700.1-0.2-0.2263,997262,973263,6230.1
Excluding defense:
Unfilled Orders
4
………………………806,499796,886791,7131.20.7-0.1813,785805,978783,0023.9Total Inventories…………………..349,789349,589348,9510.10.20.0353,046351,803344,1632.6
Manufacturing with unfilled orders:
Unfilled Orders…………………….1,004,706996,630993,3720.80.3-0.61,012,3481,008,831981,1963.2Total Inventories…………………..309,071308,413307,4730.20.3-0.1312,174310,688301,8893.4
Primary metals:
Unfilled Orders…………………….34,49333,45432,8503.11.80.535,05934,90736,395-3.7Total Inventories…………………..34,71035,00035,560-0.8-1.6-2.135,12635,41537,002-5.1
Fabricated metal products:
Unfilled Orders…………………….86,64286,17085,5430.50.71.190,29490,02881,07511.4Total Inventories…………………..47,15747,22747,309-0.1-0.20.747,62347,60547,4900.3
Machinery:
Unfilled Orders…………………….104,634104,513104,4020.10.1-1.0106,438106,070120,525-11.7Total Inventories…………………..66,58066,34566,1250.40.30.067,39866,91366,8790.8
Computers and electronic products
4
:
Unfilled Orders…………………….133,356131,974130,8211.00.9-0.3134,197133,375129,1313.9Total Inventories…………………..46,46546,10245,9000.80.4-0.246,79546,01746,5530.5
Computers and related products:
Unfilled Orders…………………….3,4833,4583,4320.70.8-0.83,4833,4582,74826.7Total Inventories…………………..4,4964,3654,1613.04.9-4.84,6664,3154,6370.6
Communications equipment:
Unfilled Orders…………………….32,89631,88631,3033.21.90.433,03832,10428,55515.7Total Inventories…………………..7,4757,4777,6600.0-2.40.57,4457,3467,533-1.2
Electrical equipment, appliances,and components:
Unfilled Orders…………………….21,76921,69621,5440.30.70.422,07221,87222,379-1.4Total Inventories…………………..16,59816,64516,890-0.3-1.50.016,86416,89716,5941.6
Transportation equipment:
Unfilled Orders…………………….616,608611,589611,0310.80.1-0.8616,579614,998583,8975.6Total Inventories…………………..116,409116,127114,7640.21.20.1117,298116,873106,8059.8
Motor vehicles and parts:
Unfilled Orders…………………….16,80416,64816,6470.90.0-0.316,94616,97717,345-2.3Total Inventories…………………..25,15225,21525,178-0.20.1-1.525,13025,08125,240-0.4
Nondefense
Aircraft and parts:
Unfilled Orders…………………….441,358435,378432,7411.40.6-0.1441,370436,472407,0878.4Total Inventories…………………..62,51362,43661,2250.12.01.163,45963,30654,68916.0
Defense Aircraft and parts:
Unfilled Orders…………………….65,86066,36066,872-0.8-0.8-3.265,62767,38866,421-1.2Total Inventories…………………..13,92413,70513,7891.6-0.6-1.613,91913,67812,8118.6
All other durable goods:
Unfilled Orders…………………….7,2047,2347,181-0.40.7-1.77,7097,5817,794-1.1Total Inventories…………………..50,03350,04349,9860.00.10.250,19150,12649,1052.2
Capital goods
3
:
Unfilled Orders…………………….752,978746,439743,6110.90.4-0.6758,339754,826728,0944.2Total Inventories…………………..194,189193,529192,2610.30.70.0196,312194,763185,7905.7
Nondefense capital goods:
Unfilled Orders…………………….585,642577,881572,9411.30.90.0590,433583,702560,6845.3Total Inventories…………………..171,469171,101170,1380.20.60.1173,501172,165164,7455.3
Excluding aircraft:
Unfilled Orders………………..220,323218,388216,0610.91.10.1225,337223,483224,8040.2Total Inventories……………….120,237119,897120,1180.3-0.2-0.3121,361120,097120,4680.7
Defense capital goods:
Unfilled Orders…………………….167,336168,558170,670-0.7-1.2-2.5167,906171,124167,4100.3Total Inventories…………………..22,72022,42822,1231.31.4-1.322,81122,59821,0458.4
See footnotes at end of Table 1
|