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CURRENT AND BACKLOG OF DEMAND
FOR MANUFACTURED GOODS
RELATIVE TO SUPPLY -- FULFILLMENT
FROM EXISTING INVENTORIES AND
CURRENT PRODUCTION POTENTIAL
MARCH 2003
May 2, 2003, Washington, DC - March Demand/Supply Ratio has decreased to 1.1784 from the revised February estimate of 1.1851, shows the calculation by Joel Popkin and Company. This is a 7th consecutive decrease in the measure. Both available supply and demand increased, with the growth in demand being narrower. This was due to stagnant orders backlog in February.
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.