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CURRENT AND BACKLOG OF DEMAND
FOR MANUFACTURED GOODS
RELATIVE TO SUPPLY -- FULFILLMENT
FROM EXISTING INVENTORIES AND
CURRENT PRODUCTION POTENTIAL
JUNE 2003
August 18, 2003, Washington, DC - The June Demand/Supply Ratio, calculated by Joel Popkin and Company, decreased to 1.1796 from the revised May estimate of 1.1814. While both available supply and demand increased in June, the ratio declined because the supply measure rose more steeply than demand. Production increases in June increased the supply measure while a decrease in the overhang of unfilled orders from May helped dampen the demand measure.
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.