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Production and business activity.

Industrial Production and Capacity Utilization

Industrial production and capacity utilization rose in July.

[Monthly data seasonally adjusted]

Period        Total industrial production (1)  Industry production
                                                indexes, 2012=100

              Index,    Percent change (2)        Manufacturing
             2012=100
                           From       From    Total (1)    Durable
                        preceding    year
                          month     earlier

2006            102.4         ...       2.2       106.3       98.2
2007            105.0         ...       2.5       109.2      103.0
2008            101.2         ...      -3.6       103.9       99.4
2009             89.6         ...     -11.5        89.6       80.7
2010             94.5         ...       5.5        94.8       89.3
2011             97.3         ...       2.9        97.5       94.8
2012            100.0         ...       2.8       100.0      100.0
2013            101.9         ...       1.9       100.9      102.1
2014            104.9         ...       2.9       102.2      105.2
2015            105.2         ...        .3       103.0      105.8

2015: July      105.5         0.6        .3       103.5      106.5
      Aug       105.6          .1        .4       103.4      106.3
      Sept      105.3         -.3       -.3       103.1      106.0
      Oct       105.2         -.1       -.5       103.4      106.2
      Nov       104.5         -.6      -2.1       103.1      105.5
      Dec       104.0         -.4      -2.3       103.0      105.8

2016: Jan       104.5          .5      -1.4       103.4      106.0
      Feb       104.4         -.1      -1.4       103.3      106.1
      Mar       103.4        -1.0      -2.0       102.9      105.4
      Apr       103.9          .5      -1.3       103.0      106.0
      May       103.7         -.2      -1.3       102.8      105.5
      June      104.1          .4       -.7       103.1      106.4
      July      104.9          .7       -.5       103.6      107.1

Period               Industry production indexes, 2012=100

                     Manufacturing          Mining   Utilities

             Nondurable        Other
                          (non-NAICS) (1)

2006              111.1             168.2     86.9        99.1
2007              112.5             158.5     87.6       102.2
2008              105.8             144.5     88.5       101.9
2009               97.7             120.8     83.9        99.0
2010               99.8             111.6     88.2       102.7
2011               99.9             106.3     93.1       102.4
2012              100.0             100.0    100.0       100.0
2013              100.0              95.0    106.5       102.3
2014               99.4              94.4    118.2       103.7
2015              101.1              88.4    116.1       102.9

2015: July        101.2              89.8    116.0       102.6
      Aug         101.4              88.4    116.5       103.8
      Sept        101.3              87.0    115.2       104.3
      Oct         101.4              87.5    114.1       102.3
      Nov         101.6              87.1    112.6        99.6
      Dec         101.3              86.2    110.1        97.9

2016: Jan         102.0              84.7    108.2       101.5
      Feb         101.6              85.4    108.6       100.4
      Mar         101.7              83.9    106.1        96.3
      Apr         101.2              83.9    103.0       102.3
      May         101.3              83.4    103.8       101.9
      June        100.9              82.3    103.4       104.0
      July        101.4              82.7    104.2       106.2

Period          Capacity utilization
               rate (output as percent
                   of capacity) (1)

               Total        Total
             industry   manufacturing

2006             80.4            78.6
2007             80.7            78.8
2008             77.7            74.7
2009             68.5            65.6
2010             73.6            70.8
2011             76.1            73.7
2012             76.7            74.6
2013             76.9            74.5
2014             78.2            75.4
2015             76.7            75.5

2015: July       76.7            75.8
      Aug        76.7            75.7
      Sept       76.4            75.5
      Oct        76.3            75.6
      Nov        75.7            75.3
      Dec        75.4            75.2

2016: Jan        75.7            75.5
      Feb        75.6            75.4
      Mar        74.9            75.0
      Apr        75.2            75.0
      May        75.1            74.8
      June       75.4            75.0
      July       75.9            75.4

(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 NAICS except series as defined in footnote 1.

Source: Board of Governors of the Federal Reserve System.

Industrial Production--
Major Market Groups and Selected Manufactures

[2012=100; monthly data seasonally adjusted]

                      Products and nonindustrial supplies

                                  Final products

Period                       Consumer goods          Equipment

             Total   Total   Durable    Nondurable   Total (1)
                               goods       goods

2006         105.8   112.9      119.4        110.7        92.4
2007         108.2   113.3      120.7        110.8        98.5
2008         104.1   107.0      105.5        107.3        98.4
2009          93.1    99.3       86.4        102.9        81.5
2010          96.3   100.1       93.7        101.9        88.8
2011          98.4   101.4       98.0        102.3        92.6
2012         100.0   100.0      100.0        100.0       100.0
2013         100.1   100.7      105.7         99.4        99.0
2014         101.1   101.4      110.5         99.1       100.6
2015         101.0   102.9      114.8         99.8        97.5
2015: July   101.5   103.6      117.3        100.1        97.4
      Aug    101.8   104.0      116.2        100.8        97.8
      Sept   101.2   103.4      116.5        100.0        97.2
      Oct    100.9   103.2      117.2         99.6        96.6
      Nov    100.1   102.5      116.4         98.9        95.7
      Dec     99.9   102.3      117.3         98.4        95.5
2016: Jan    100.7   103.6      118.3         99.8        95.4
      Feb    100.6   103.4      118.6         99.5        95.3
      Mar     99.6   102.2      117.4         98.3        94.7
      Apr    100.8   103.7      118.7         99.8        95.5
      May    100.5   103.2      115.9         99.9        95.5
      June   101.0   103.8      119.5         99.7        95.9
      July   101.6   104.4      120.3        100.2        96.4

                      Products and nonindustrial supplies

                Final products         Nonindustrial supplies

Period            Equipment

             Business   Defense   Total   Construction   Business
                          and
                         space

2006             94.9      76.5   117.2          130.6      111.2
2007             99.6      91.2   117.7          129.5      112.5
2008             97.6      98.4   110.5          117.5      107.4
2009             79.9      94.0    93.5           90.4       94.9
2010             86.4     101.1    96.6           93.6       97.9
2011             91.0      98.2    97.9           95.9       98.9
2012            100.0     100.0   100.0          100.0      100.0
2013             99.8      97.1   102.1          103.0      101.8
2014            102.2      94.3   104.4          106.8      103.3
2015            102.9      89.0   105.2          108.3      103.6
2015: July      103.5      88.2   104.8          108.0      103.2
      Aug       103.9      88.7   105.0          108.4      103.4
      Sept      103.4      88.0   105.0          107.6      103.7
      Oct       102.8      87.8   106.0          109.7      104.2
      Nov       101.6      88.2   106.1          109.7      104.3
      Dec       101.3      89.1   105.8          110.0      103.7
2016: Jan       101.5      88.2   106.2          110.1      104.3
      Feb       101.8      88.2   106.6          111.2      104.2
      Mar       101.2      87.6   105.4          110.3      102.9
      Apr       102.5      87.6   105.6          110.4      103.1
      May       102.3      88.8   105.2          109.5      103.0
      June      102.9      88.4   105.1          109.1      103.0
      July      103.5      88.1   105.5          109.6      103.4

                  Materials

Period       Total (1)   Energy

2006              95.3     87.8
2007              98.6     89.7
2008              96.1     90.3
2009              85.5     88.1
2010              92.5     91.8
2011              96.2     94.6
2012             100.0    100.0
2013             103.3    105.4
2014             108.1    114.1
2015             108.7    114.8
2015: July       109.0    114.7
      Aug        108.8    115.6
      Sept       108.8    115.5
      Oct        108.4    113.5
      Nov        107.6    111.5
      Dec        106.9    109.6
2016: Jan        107.1    110.3
      Feb        106.8    109.2
      Mar        105.8    107.1
      Apr        105.7    107.5
      May        105.7    107.6
      June       106.2    109.2
      July       107.3    111.1

(1) Includes other items, not shown separately.

[2012=100; monthly data seasonally adjusted]

Period                  Durable manufactures

               Primary metals   Fabricated   Machinery
                                   metal
                                  products

             Total   Iron and
                      steel
                     products

2006         101.9      101.0        110.2        93.1
2007         104.0      102.6        114.9        97.1
2008         104.2      109.2        110.8        94.5
2009          77.5       70.4         85.2        73.5
2010          95.1       91.8         90.8        82.1
2011         102.1      100.1         97.1        92.5
2012         100.0      100.0        100.0       100.0
2013         103.3      102.1        101.8        95.4
2014         103.4      100.2        104.2        95.9
2015          96.7       88.5        102.7        94.3

2015: July    98.4       92.3        102.8        94.5
      Aug     96.6       89.3        101.8        95.7
      Sept    94.9       88.0        101.8        95.1
      Oct     96.1       87.7        101.2        94.5
      Nov     95.3       82.5        100.9        92.2
      Dec     93.6       82.9        101.7        90.9

2016: Jan     93.7       84.2        101.6        90.2
      Feb     95.2       88.3        101.2        89.9
      Mar     95.4       89.8         99.8        88.9
      Apr     94.8       89.2        100.1        91.9
      May     96.0       91.1        100.0        91.2
      June    95.7       92.2         99.7        93.0
      July    94.6       88.3        100.2        93.7

Period                   Durable manufactures

                   Computer and          Transportation
                electronic products        equipment

             Total   Selected high-   Total     Motor
                     technology (1)            vehicles
                                              and parts

2006          69.3             56.5    95.8       107.1
2007          79.6             67.0   101.7       106.3
2008          85.7             76.9    91.0        85.1
2009          76.2             67.5    74.6        62.3
2010          86.0             81.5    86.5        82.7
2011          92.8             91.5    90.5        90.4
2012         100.0            100.0   100.0       100.0
2013         103.1            110.6   105.1       107.2
2014         108.6            122.8   111.2       115.7
2015         111.6            125.4   114.8       122.7

2015: July   111.3            124.4   117.5       128.6
      Aug    111.8            124.2   115.8       124.5
      Sept   112.0            125.1   115.7       124.9
      Oct    112.0            126.9   116.1       126.1
      Nov    111.9            124.8   115.1       124.1
      Dec    113.2            127.0   115.5       124.1

2016: Jan    113.4            129.1   116.2       126.6
      Feb    113.1            127.4   117.0       127.7
      Mar    113.5            127.7   115.7       126.2
      Apr    113.7            128.7   116.4       127.7
      May    114.5            130.0   114.2       122.0
      June   114.1            130.3   117.0       128.4
      July   114.6            131.6   118.2       130.9

Period                  Nondurable manufactures

             Apparel   Printing and   Chemicals    Food
                          related
                         support
                        activities

2006           252.3          128.5       111.9   101.3
2007           202.3          131.1       117.5   101.9
2008           157.2          122.7       108.6   100.6
2009           112.8          102.8        98.1   100.0
2010           109.5          102.7       101.3   100.4
2011           103.0          101.0       101.3   100.2
2012           100.0          100.0       100.0   100.0
2013            92.6          100.2        96.6   102.0
2014            90.9          100.3        95.8   102.2
2015            91.0          102.2        98.0   103.1

2015: July      91.2          102.1        98.1   102.9
      Aug       91.4          102.9        97.3   103.6
      Sept      90.9          102.7        97.7   103.8
      Oct       89.0          103.2        98.3   102.8
      Nov       90.0          103.5        98.9   103.6
      Dec       89.5          103.3        98.2   103.1

2016: Jan       84.0          103.5        99.2   104.9
      Feb       85.6          103.2        98.6   104.1
      Mar       85.4          101.5        99.5   104.2
      Apr       82.1          100.7        98.5   103.8
      May       81.8           99.1        98.9   105.1
      June      81.7          100.1        97.9   105.2
      July      80.7           98.8        98.7   105.2

(1) Computers and peripheral equipment, communications equipment, and
semiconductors and related electronic components.

Source: Board of Governors of the Federal Reserve System.

New Construction

[Billions of dollars; monthly data at seasonally adjusted annual
rates]

Period             Total new                  Private
                 construction
                 expenditures   Total       Residential

                                        Total (1)   New housing

2006                  1,161.3   905.9       607.8         468.8
2007                  1,148.0   858.9       488.8         354.1
2008                  1,077.4   768.6       359.2         230.1
2009                    906.5   591.6       247.5         133.9
2010                    809.3   505.3       242.0         127.3
2011                    788.3   501.9       244.1         123.2
2012                    850.5   571.1       269.8         154.5
2013                    906.4   635.7       323.4         202.3
2014                  1,005.6   729.5       369.8         235.2
2015                  1,112.4   823.5       433.7         285.2

2015: July            1,135.9   838.3       437.3         284.0
      Aug             1,145.2   848.6       443.0         293.7
      Sept            1,152.1   858.9       449.7         300.6
      Oct             1,134.4   845.7       445.4         304.6
      Nov             1,135.5   853.7       449.5         305.7
      Dec             1,133.7   844.1       450.1         306.8

2016: Jan             1,144.9   849.7       450.0         306.4
      Feb             1,157.7   858.1       455.7         307.2
      Mar             1,176.4   879.0       468.4         308.3
      Apr             1,142.5   854.6       445.5         302.2
      May (r)         1,143.8   860.3       444.4         300.4
      June (r)        1,153.5   866.5       444.0         298.6
      July (p)        1,153.2   875.0       445.5         297.9

Period                         Private

                            Nonresidential

                 Total   Lodging   Office   Commercial
                                            (including
                                               farm)

2006             298.1      17.6     45.7         73.4
2007             370.0      27.5     53.8         85.9
2008             409.4      35.4     55.5         82.7
2009             344.1      25.4     37.3         51.1
2010             263.3      11.2     24.4         37.2
2011             257.8       8.4     23.7         39.2
2012             301.4      10.2     27.4         44.3
2013             312.3      13.0     30.1         50.9
2014             359.7      16.3     38.9         60.9
2015             389.9      21.2     47.2         64.3

2015: July       401.0      21.7     49.2         63.5
      Aug        405.5      23.0     49.5         64.6
      Sept       409.2      23.1     49.6         64.9
      Oct        400.4      22.1     48.8         66.6
      Nov        404.2      22.1     52.0         65.0
      Dec        393.9      22.3     50.2         67.3

2016: Jan        399.7      23.1     50.7         68.9
      Feb        402.4      24.3     54.6         68.3
      Mar        410.6      25.8     55.8         68.8
      Apr        409.1      25.9     56.4         68.0
      May (r)    415.9      27.5     56.6         69.4
      June (r)   422.5      28.1     61.2         71.2
      July (p)   429.5      27.8     64.0         72.1

Period           Private                      Federal
                                             and State
                 Nonresidential              and local

                 Manufacturing   Other (2)

2006                      32.3       129.2       255.4
2007                      40.2       162.7       289.1
2008                      53.6       182.3       308.7
2009                      57.4       173.0       314.9
2010                      40.6       149.9       304.0
2011                      39.8       146.7       286.4
2012                      46.8       172.6       279.3
2013                      49.9       168.3       270.7
2014                      58.1       185.5       276.1
2015                      77.5       179.7       288.9

2015: July                79.3       187.3       297.6
      Aug                 80.4       188.0       296.7
      Sept                82.1       189.5       293.2
      Oct                 80.0       182.9       288.7
      Nov                 79.0       186.0       281.8
      Dec                 72.4       181.7       289.6

2016: Jan                 74.5       182.4       295.2
      Feb                 74.0       181.3       299.6
      Mar                 76.4       183.8       297.4
      Apr                 74.1       184.7       287.9
      May (r)             74.9       187.5       283.5
      June (r)            72.4       189.5       287.0
      July (p)            75.2       190.4       278.2

(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]

Period                     New housing units started

                           Type of structure

                  Total     1 unit   2-4 units   5 units
                                        (1)      or more

2006             1,800.9   1,465.4        42.7     292.8
2007             1,355.0   1,046.0        31.7     277.3
2008               905.5     622.0        17.5     266.0
2009               554.0     445.1        11.6      97.3
2010               586.9     471.2        11.4     104.3
2011               608.8     430.6        10.9     167.3
2012               780.6     535.3        11.4     233.9
2013               924.9     617.6        13.6     293.7
2014 (r)         1,003.3     647.9        13.7     341.7
2015             1,111.8     714.5        11.5     385.8

                   Seasonally adjusted annual rates

2015: July         1,147       760         ...       376
      Aug          1,132       731         ...       394
      Sept         1,189       743         ...       435
      Oct          1,073       714         ...       347
      Nov          1,171       786         ...       379
      Dec          1,160       765         ...       378

2016: Jan          1,128       775         ...       335
      Feb          1,213       845         ...       356
      Mar          1,113       751         ...       353
      Apr (r)      1,155       764         ...       378
      May (r)      1,128       737         ...       386
      June (r)     1,186       766         ...       400
      July (p)     1,211       770         ...       433

Period                     New housing units authorized (2)

                           Type of structure

                  Total     1 unit   2-4 units   5 units or
                                                    more

2006             1,838.9   1,378.2        76.6        384.1
2007             1,398.4     979.9        59.6        359.0
2008               905.4     575.6        34.4        295.4
2009               583.0     441.1        20.7        121.1
2010               604.6     447.3        22.0        135.3
2011               624.1     418.5        21.6        184.0
2012               829.7     518.7        25.9        285.1
2013               990.8     620.8        29.0        341.1
2014 (r)         1,052.1     640.3        29.9        382.0
2015             1,182.6     696.0        32.1        454.5

                   Seasonally adjusted annual rates

2015: July         1,142       694          30          418
      Aug          1,166       710          30          426
      Sept         1,129       708          38          383
      Oct          1,175       725          35          415
      Nov          1,286       735          29          522
      Dec          1,201       738          35          428

2016: Jan          1,188       727          35          426
      Feb          1,162       733          33          396
      Mar          1,077       725          34          318
      Apr (r)      1,130       741          32          357
      May (r)      1,136       731          28          377
      June (r)     1,153       738          29          386
      July (p)     1,144       711          29          404

Period              New        New       New       Vacancy
                  housing    houses     houses     rate for
                   units      sold     for sale     rental
                 completed              at end     housing
                                      of period     units
                                         (3)      (percent)
                                                     (4)

2006               1,979.4    1,051         536         9.7
2007               1,502.8      776         497         9.8
2008               1,119.7      485         353        10.0
2009                 794.4      375         234        10.6
2010                 651.7      323         190        10.2
2011                 584.9      306         151         9.5
2012                 649.2      368         150         8.7
2013                 764.4      429         187         8.3
2014 (r)             883.8      437         211         7.6
2015                 968.2      501         235         7.1

                   Seasonally adjusted annual rates

2015: July             994      498         215         ...
      Aug              963      505         217         ...
      Sept           1,010      457         221         7.3
      Oct              984      478         225         ...
      Nov              973      508         230         ...
      Dec            1,033      538         235         7.0

2016: Jan            1,056      526         239         ...
      Feb            1,025      525         242         ...
      Mar            1,063      537         244         7.0
      Apr (r)          952      570         241         ...
      May (r)        1,015      572         239         ...
      June (r)       1,119      582         240         6.7
      July (p)       1,026      654         233         ...

(1) Monthly data do not meet publication standards because tests for
identifiable and stable seasonality do not meet reliability
standards.

(2) Based on approximately 20,100 permit-issuing places beginning
with 2014 and 19,300 beginning with 2004. Using the 2004 universe,
the total for 2014 is 1,046.4.

(3) Seasonally adjusted.

(4) Quarterly data are three-month averages. Annual data are averages
of quarterly data.

Source: Department of Commerce (Bureau of the Census).

Business Sales and Inventories-Manufacturing and Trade

In June, according to preliminary estimates, manufacturing and
trade sales rose 1.1 percent. In July, according to advance
estimates, manufacturing and trade inventories fell $1.6 billion,
both retail sales and retail and food services sales fell slightly,
and retail inventories fell $2.3 billion.

[Millions of dollars, except ratios; seasonally adjusted, except as
noted]

Period                       Manufacturing and trade (1)

                   Sales     Inventories   Inventory/
                    (2)          (3)          sales
                                            ratio (4)

2006             1,069,032     1,407,550         1.28
2007             1,128,176     1,486,039         1.28
2008             1,160,786     1,464,379         1.31
2009               988,963     1,329,577         1.38
2010             1,089,143     1,447,968         1.27
2011             1,206,723     1,561,441         1.26
2012             1,267,248     1,649,980         1.27
2013             1,302,966     1,714,804         1.29
2014             1,339,701     1,777,829         1.31
2015             1,303,996     1,801,193         1.38

2015: May        1,310,766     1,792,015         1.37
      June (r)   1,316,192     1,804,400         1.37
      July (r)   1,315,361     1,803,591         1.37
      Aug        1,304,133     1,802,092         1.38
      Sept       1,304,345     1,807,638         1.39
      Oct        1 301 006     1 803 740         1 39
      Nov        1,296,965     1,800,901         1.39
      Dec        1,289,639     1,801,193         1.40

2016: Jan        1,279,099     1,800,048         1.41
      Feb        1,275,814     1,798,344         1.41
      Mar        1,278,267     1,804,490         1.41
      Apr        1,288,674     1,807,046         1.40
      May (r)    1,292,865     1,809,950         1.40
      June (r)   1,307,506     1,812,617         1.39
      July (p)                 1,811,039

Period                     Wholesale

                  Sales    Inventories   Inventory/
                   (2)         (3)          sales
                                          ratio (4)

2006             328,438       399,056         1.17
2007             351,956       424,640         1.17
2008             377,078       445,208         1.20
2009             319,236       397,020         1.28
2010             361,634       441,058         1.14
2011             407,217       485,328         1.15
2012             434,002       520,341         1.17
2013             447,237       541,205         1.18
2014             463,265       576,240         1.21
2015             443,332       587,178         1.32

2015: May        446,464       586,181         1.31
      June (r)   446,586       589,442         1.32
      July (r)   446,811       588,483         1.32
      Aug        441,825       588,696         1.33
      Sept       443,480       590,904         1.33
      Oct        443 578       589 595         1 33
      Nov        438,064       588,101         1.34
      Dec        436,605       587,178         1.34

2016: Jan        428,448       586,160         1.37
      Feb        427,568       582,888         1.36
      Mar        429,952       584,254         1.36
      Apr        433,212       588,382         1.36
      May (r)    436,388       589,318         1.35
      June (r)   444,596       590,286         1.33
      July (p)                 590,159

Period                      Retail                       Retail
                                                          and
                   Sales    Inventories   Inventory/      food
                    (2)         (3)          sales      services
                                           ratio (4)   sales (2)

2006              322,631       486,253         1.49     357,863
2007              332,932       500,341         1.49     369,978
2008              327,959       476,899         1.52     365,982
2009              301,079       428,900         1.47     338,747
2010              318,237       454,246         1.39     357,149
2011              341,849       470,144         1.35     383,131
2012              358,519       504,651         1.37     402,199
2013              371,584       542,192         1.41     416,770
2014              386,362       558,626         1.43     434,295
2015              392,359       587,971         1.46     444,170

2015: May         392,927       566,968         1.44     444,400
      June (r)    393,079       572,071         1.46     444,747
      July (r)    395,624       576,122         1.46     447,619
      Aug         394,781       577,448         1.46     446,970
      Sept        394,883       583,605         1.48     447,207
      Oct         394 545       583 697         1 48     447 066
      Nov         395,480       585,290         1.48     448,454
      Dec         396,723       587,971         1.48     450,448

2016: Jan         394,878       589,791         1.49     448,041
      Feb         395,126       593,701         1.50     449,294
      Mar         393,775       598,925         1.52     447,907
      Apr         399,134       598,209         1.50     453,397
      May (r)     399,588       600,965         1.50     454,135
      June (r)   r403,186       602,859         1.50    r457,901
      July (p)    403,115       600,551         1.49     457,727

(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 July, manufacturers' shipments and unfilled orders fell,
while inventories and new orders rose.

Period           Manufacturers' shipments 1

                  Total    Durable   Nondurable
                            goods       goods

                   Millions of dollars, seasonally
                      adjusted, except as noted

2006             417,963   213,516      204,447
2007             443,288   223,919      219,369
2008             455,750   218,056      237,694
2009             368,648   171,402      197,246
2010             409,273   190,059      219,214
2011             457,658   206,591      251,067
2012             474,727   218,965      255,762
2013             484,145   224,651      259,495
2014             490,074   232,628      257,447
2015             468,306   235,052      233,254

2015: July       472,926   238,164      234,762
      Aug        467,527   236,896      230,631
      Sept       465,982   237,050      228,932
      Oct        462,883   234,118      228,765
      Nov        463,421   236,149      227,272
      Dec        456,311   231,003      225,308

2016: Jan        455,773   234,743      221,030
      Feb        453,120   232,924      220,196
      Mar        454,540   231,225      223,315
      Apr        456,328   232,208      224,120
      May        456,889   231,421      225,468
      June (r)   459,724   232,448      227,276
      July (p)   458,864   232,726      226,138

Period           Manufacturers' inventories 2

                  Total    Durable   Nondurable
                            goods       goods

                   Millions of dollars, seasonally
                      adjusted, except as noted

2006             522,241   317,357      204,884
2007             561,058   334,520      226,538
2008             542,272   329,751      212,521
2009             503,657   294,639      209,018
2010             552,664   321,356      231,308
2011             605,969   352,642      253,327
2012             624,988   367,396      257,592
2013             631,407   370,943      260,464
2014             642,963   390,237      252,726
2015             626,044   388,040      238,004

2015: July       638,986   393,152      245,834
      Aug        635,948   392,183      243,765
      Sept       633,129   390,375      242,754
      Oct        630,448   388,396      242,052
      Nov        627,510   386,932      240,578
      Dec        626,044   388,040      238,004

2016: Jan        624,097   386,984      237,113
      Feb        621,755   385,682      236,073
      Mar        621,311   385,062      236,249
      Apr        620,455   383,677      236,778
      May        619,667   382,258      237,409
      June (r)   619,472   381,715      237,757
      July (p)   620,329   383,116      237,213

Period           Manufacturers' new orders (1)       Manufacturers'
                                                      unfilled
                                                     orders (2)
                  Total    Durable goods

                            Total      Capital
                                        goods
                                     industries,
                                      nondefense

                   Millions of dollars, seasonally
                      adjusted, except as noted

2006             424,137   219,691        74,114          798,188
2007             449,752   230,383        79,790          946,680
2008             454,344   216,650        73,286          995,368
2009             350,478   153,232        48,926          826,011
2010             407,992   188,778        62,309          871,124
2011             459,305   208,238        71,753          954,457
2012             475,809   220,047        77,674        1,014,065
2013             485,281   225,786        80,831        1,071,455
2014             494,123   236,676        81,975        1,163,928
2015             462,797   229,543        73,726        1,135,712

2015: July       471,392   236,630        78,314        1,151,082
      Aug        460,477   229,846        75,189        1,147,266
      Sept       452,625   223,693        68,289        1,137,078
      Oct        463,278   234,513        78,254        1,140,503
      Nov        459,779   232,507        72,930        1,140,188
      Dec        448,710   223,402        61,792        1,135,712

2016: Jan        452,786   231,756        74,141        1,135,979
      Feb        444,277   224,081        68,288        1,130,286
      Mar        451,814   228,499        68,490        1,130,702
      Apr        459,849   235,729        74,184        1,137,162
      May        454,295   228,827        72,920        1,137,551
      June (r)   446,331   219,055        64,987        1,127,237
      July (p)   454,759   228,621        71,557        1,126,260

Period           Manufacturers'
                   inventory/
                    shipments
                    ratio (3)

                   Millions of dollars, seasonally
                      adjusted, except as noted

2006                       1.20
2007                       1.22
2008                       1.27
2009                       1.39
2010                       1.28
2011                       1.29
2012                       1.30
2013                       1.30
2014                       1.31
2015                       1.36

2015: July                 1.35
      Aug                  1.36
      Sept                 1.36
      Oct                  1.36
      Nov                  1.35
      Dec                  1.37

2016: Jan                  1.37
      Feb                  1.37
      Mar                  1.37
      Apr                  1.36
      May                  1.36
      June (r)             1.35
      July (p)             1.35

(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: Manufacturers' nondurable new orders (not shown) are the same
as nondurable shipments. Also, there are no unfilled nondurable
orders; 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.

Source: Department of Commerce (Bureau of the Census).
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Publication:Economic Indicators
Article Type:Statistical table
Date:Aug 1, 2016
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