Shipments drop, but overall still strong

Shipments in the overall manufacturing industry dropped 0.4% from April to May to $335.5 million, but still appear strong compared to year-earlier levels. During the 12-mo period from June 1997 to May 1998, shipments grew by 5.
By Staff August 1, 1998

Shipments in the overall manufacturing industry dropped 0.4% from April to May to $335.5 million, but still appear strong compared to year-earlier levels. During the 12-mo period from June 1997 to May 1998, shipments grew by 5.1% over the previous 12-mo period. Shipments of durable goods have endured positive growth since March 1992, and accomplished 7.5% growth over the last year. INDUSTRIAL SHIPMENTS

Actual value, million $ (seasonally adjusted)

Annual change, %

May 1998 1997 1998*

Total mfg shipments 335.5 5.7 3.1

Mfg shipments, nondurable 148.7 3.4 1.2

Mfg shipments, durable 186.8 7.7 5.4

Industrial machinery & equipment 36.7 7.4 4.6

Instruments & related products 13.3 7.9 6

* Forecasts by Cahners Economics