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.
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
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