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CURRENT AND BACKLOG OF DEMAND
FOR MANUFACTURED GOODS
RELATIVE TO SUPPLY -- FULFILLMENT
FROM EXISTING INVENTORIES AND
CURRENT PRODUCTION POTENTIAL
APRIL 2003
June 5, 2003, Washington, DC - After seven consecutive monthly decreases, the April Demand/Supply Ratio increased slightly to 1.1811 from the revised March level of 1.1809. However, this increase is not an indicator of stronger economic activity since it was due to a decline in both available supply and demand. The decline in supply was largely due to a decrease in available capacity in April.
Demand/Supply Ratio is produced monthly by Joel Popkin and Company. The calculation is based on Bureau of CensusŐs Manufacturing Shipments, Inventories, and Orders (M3) and Federal Reserve's Industrial Production (IP) releases. Data on manufacturing shipments, new and unfilled orders, inventories, as well as capacity, is factored in to develop a indicator depicting current domestic manufacturing situation. For more information on JPC's D/S Ratio (and historical data going back to 1972) please contact djovanovic@jpcecon.com.