Although inflation has come down in 2023 compared to 2021 – 2022, prices are at least as high as if not well above historical levels this year in many industries, making 2023 another great year to elect LIFO in select sectors. Here are our key takeaways:
- High inflation has persisted in 2023 for many finished goods & products in the more advanced stages of production
- The most meaningful 2023 LIFO tax benefits and overall tax savings opportunities will occur for wholesalers/distributors and retailers
- LIFO tax savings opportunities exist for selected manufacturers in 2023, but it’s dependent on the proportion of inventory values by stage of production, and the type of raw materials carried
- CPA firms should create a client list of wholesalers/distributors and retailers that aren’t already on LIFO and use LIFOPro’s 2023 Top LIFO Election Candidates List to identify the most meaningful 2023 year end LIFO tax savings opportunities: LIFOPro’s 2023 Top LIFO Election Candidates List
- CPA firms should perform outreach to applicable clients regarding a LIFO tax savings opportunity and recommend they attend a free LIFO discovery call or obtain a complimentary LIFO election benefit analysis from LIFOPro. Learn more here: LIFO Election Benefit Analysis
- CPA firms should help their clients already on LIFO to get a free best practices review from LIFOPro to explore LIFO submethod alternatives such as the IPIC method to preserve their clients LIFO reserve or avoid material recapture. Learn more here: Best LIFO Practices Review
Top 2023 LIFO Election Locks
- Processed foods & feeds, including:
- Meats & poultry
- Processed fruits & veggies
- Sugar & confectionary
- Beverages & beverage materials
- Frozen foods
- Canned goods
- Petroleum products, including Crude/refined petroleum products & Gasoline
- Chemical products, including:
- Soaps, detergents, polishing & other sanitation goods
- Cosmetics & other toilet preparations
- Chemical products, including:
- Machinery & equipment
- Construction machinery & equipment
- Power-driven handtools, including parts and attachments
- General purpose machinery & equipment, including:
- Heating, ventilation & air-conditioning (HVAC) machinery & equipment
- Pumps, compressors & equipment
- Industrial material equipment & handling equipment
- Fluid power equipment (hydraulics)
- Metal valves
- Electrical machinery & equipment
- Nonmetallic mineral products
- Glass
- Concrete ingredients & related products
- Concrete goods
- Clay construction products & refractories
- Transportation equipment
- New cars/trucks
- Aircraft
- Boats
- Vehicle trailers
- All-terrain & utility vehicles
- Toys, sporting goods & small arms
- Medical, surgical & personal aid devices
LIFOPro’s 2023 Good LIFO Election Candidates List & Client ID Tool
LIFOPro annually publishes our Top LIFO Election Candidates list to identify the best opportunities for obtaining tax benefits from adopting LIFO for the upcoming year end. LIFOPro has also designed proprietary inflation metrics to accurately forecast and model the potential short & long term benefits of LIFO, and to simplify the LIFO adoption due diligence process. The list uses price indexes published by the Bureau of Labor Statistics which are used to calculate a series of current and historical inflation metrics. These externally-sourced inflation metrics are plugged into LIFOPro’s proprietary grading system and scoring criteria in order to develop and publish our top LIFO candidates list each year.
Another goal of LIFOPro’s top election candidates list is to enable CPA firms to quickly identify the best LIFO election opportunities and to easily calculate the estimated tax benefit that could occur from electing LIFO. This list is also often used as a prerequisite to obtaining a free LIFO Election Benefit Analysis from LIFOPro (for example, if a company or CPA firm identifies that their company or client is on this list, LIFOPro would recommend obtaining a complimentary LIFO election benefit analysis from us). This list offers the most comprehensive, objective and reliable means of quickly identifying the best LIFO candidates, the top 2023 LIFO election candidates and the information required to quickly estimate the election year taxable income reduction & savings from LIFO.
Top 2023 LIFO Election Candidates List and Identification Tool 2023 Top LIFO Opportunities & Strategies GuideWho’s in the 2023 Top LIFO Election Candidates List?
LIFOPro offers two separate lists of top LIFO candidates, which are as follows:
- Commodity-based list (Bureau of Labor Statistics Producer Price Index, Table 9) – This list uses the same groupings utilized by some companies to calculate inflation for LIFO purposes (aka as the IPIC method; see our blog to learn more about the IPIC method: How the IPIC Method Could Maximize Your LIFO Reserve). This means the same BLS PPIs included in this list could be used for an actual LIFO calculation. The PPIs are developed by the BLS and are sourced from thousands of survey respondents (all domestic producers). The classification system is organized as a hierarchical structure by 15 major groupings, and the following subgroups in descending order of aggregation:
- Major commodity groupings (at the 2-digit level of aggregation)
- Subgroups (at the 3-digit level)
- Product classes (4-digit level)
- Subproduct classes (5- and 6-digit level)
- Item groupings (7-digit level)
- Individual items (8-, 9-, and 10-digit levels)
- Industry-based list (PPI Table 11) – This list is included because the Table 11 PPIs are North American Industry Classification System (NAICS) codes that directly translate into IRS Primary Business Activity (PBA) codes. This list is a catch-all in terms of connecting a company our best LIFO candidates list since all taxpayers are required to report their PBA code on their tax return. Furthermore, this list may provide a simpler means of identifying good LIFO candidates since a company could have multiple commodity-based PPIs applicable to their product mix. Although the BLS also has a hierarchy for their Table 11 industries that’s similar to their commodity-based Table 9 list, LIFOPro’s Industry based list only includes the 6-digit NAICS codes since the IRS PBA codes are all 6 digits.
What is a Good LIFO Candidate?
LIFOPro’s proprietary grading system and scoring criteria was designed for purposes of developing the most comprehensive LIFO case study and providing the most reliable and understandable findings and recommendations. Since the benefits of LIFO are primarily driven by inflation but is also an accounting method that’s intended to be used in perpetuity, LIFOPro developed various inflation measurement metrics that sought to answering the following questions:
- How often has there been inflation (inflation frequency)? If there’s been inflation in each of the past 20 years in a given industry, then it’d be a great LIFO candidate because the historical results suggest that LIFO will almost always create a tax benefit in the future. In contrast, if there’s been inflation in 9 of the past 20 years in a different industry, then it would likely not be a good LIFO candidate because it’d suggest that LIFO will increase taxable income more often than it’ll create a tax benefit. Some of the best LIFO candidates are those with high inflation frequency since the intended purpose of being on LIFO will most often be achieved. Furthermore, companies that are highly risk averse with the lowest risk appetites can be confident that LIFO is a great long-term tax savings strategy if they have high historical inflation frequency since there’s mostly upside and negligible downside from LIFO.
- How much inflation has there been historically? Also important in a consideration to elect LIFO is the amount of inflation historically experienced since there needs to be at least a certain amount for LIFO to yield a long-term tax benefit. In the auto dealer & supermarket industries, LIFO has historically yielded an average annual inflation rate of between 1% – 2%. Although these figures may not appear meaningful, the benefits of LIFO will become material over time since those industries also have high inflation frequency. Industries such as raw materials commodities (oil/gas, chemicals, metal) have the highest long-term average annual inflation rates, which means they offer the most reward from using LIFO. With that being said, raw materials commodities also often have lower inflation frequency than industries with lower historical inflation rates such as auto dealers and supermarkets, so there is higher risk from using LIFO within these industries.
How is a Good LIFO Candidate & Good LIFO Election Candidate Determined?
- LIFOPro’s Good LIFO Candidate Scoring Criteria
- High inflation frequency: Must have inflation in more than half of the last 20 years (11 or more). Best LIFO candidates have high inflation frequency because the more often inflation is expected to occur, the higher the likelihood that LIFO acts as annuity & the lower the likelihood of deflation/LIFO recapture
- Historical Average Annual Inflation Rate of 1% or greater: Using 20 year average annual inflation rate (or 3/5/10 year)
- At least $2M – $5M of inventory: A much smaller company could benefit from electing LIFO, but LIFOPro set a $2M – $5M range for prospective clients because our experience has been the tax benefits of LIFO are far greater than the cost most often when these three criteria are met. With that being said, LIFOPro has many clients with as little as $500K of inventory (LIFOPro software licenses begin at $250 and outsourcing solutions begin at $400).
- LIFOPro’s Good LIFO Election Candidate Recommendation Criteria: Must meet the good LIFO candidate criteria listed above & have a 2023 year end (or election year) inflation rate that’s greater than or equal to the historical average annual inflation rate (for example, if all good LIFO candidate criteria listed above are met, the 2023 year end inflation is projected to be 5% and the 20-year average annual inflation rate was 2%, then a 2023 LIFO election would be recommended)
Can I Quickly Estimate the Tax Benefits from Electing LIFO This Year?
Ignoring the complexities of a LIFO calculation and other factors that could affect the final result, a heavily-relied upon approach for estimating the LIFO reserve change in any given year is provided below (LIFO reserve = difference between inventory at cost i.e, FIFO or average cost and the LIFO inventory value; the year over year change in the LIFO reserve is known as LIFO expense when it increases & LIFO income when it decreases. The LIFO expense and reserve is always the same amount in the election year since the prior year LIFO reserve balance is always zero in the year of election). The formula shown below can be put to immediate use by obtaining the prior year end’s inventory balance and the inflation rates provided in this blog.
Quick Election Year LIFO Tax Benefit Formula
- Current year taxable income reduction from LIFO formula (also known as LIFO expense): Prior year inventory balance * Current year inflation rate
- Current year tax liability reduction from LIFO (aka tax deferral or after-tax cash savings from LIFO): Current year LIFO expense * Current year combined federal and state tax rate
Election Year LIFO Tax Benefit Example
- Inputs
- Prior year end inventory balance: $10M
- Current year inflation rate: 5%
- Current year tax rate: 30%
- Outputs
- Current year LIFO expense: $10M * 5% = $500K
- Current year after-tax cash savings from LIFO: $500K * 30% = $150K
Top 2023 Year End LIFO Candidates by BLS PPI Table 9 Major Commodity Groupings (2-digit) and Subgroups (3-digit)
* Indicates a BLS Consumer Price Index category (CPI). All other BLS Codes are BLS Producer Price Indexes (PPI). Retailers can use CPI or PPI for LIFO purposes; Manufacturers/producers and wholesalers must use PPI.
Top 2023 Year End LIFO Candidates by Commodity: All Groupings
| BLS Code | BLS Commodity Category Description | 11M Ended Nov. '23 (YTD) | 12M Ended Nov. '23 | 12M Ended Dec. '22 | 3Y Annual Avg. | 5Y Annual Avg. | 10Y Annual Avg. | 20Y Annual Avg. | Inflation Frequency '04 - '23 | Inflation Frequency Rate | 2023 vs. 20Y Average Inflation Multiplier |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 0211 | Bakery products | 3.3% | 3.4% | 14.2% | 6.9% | 4.6% | 2.9% | 3.1% | 19 of 20 | 95% | 1.1 |
| 021107 | Other sweet goods, excluding frozen | 6.6% | 6.4% | 20.5% | 9.8% | 7.4% | 4.3% | 3.8% | 18 of 20 | 90% | 1.7 |
| 021108 | Soft cakes, excluding frozen | 6.0% | 4.7% | 12.9% | 9.9% | 6.7% | 3.4% | 3.9% | 15 of 20 | 75% | 1.5 |
| 021121 | Cookies, crackers, and related products | 2.7% | 2.7% | 7.5% | 3.9% | 2.8% | 1.4% | 1.8% | 16 of 20 | 80% | 1.5 |
| 0214 | Cereal and pasta products | 3.5% | 3.7% | 15.6% | 10.5% | 6.7% | 2.7% | 3.4% | 15 of 20 | 75% | 1.0 |
| 021409 | Cereal and mill products, other than flour | 4.2% | 4.5% | 13.0% | 10.4% | 6.6% | 2.6% | 3.3% | 15 of 20 | 75% | 1.3 |
| 0221 | Meats | 8.6% | 8.6% | -0.8% | 11.1% | 6.4% | 3.0% | 3.1% | 15 of 20 | 75% | 2.8 |
| 022101 | Beef and veal products, fresh or frozen | 23.1% | 25.5% | -6.1% | 15.0% | 7.8% | 4.3% | 3.8% | 12 of 20 | 60% | 6.1 |
| 022105 | Other meats, fresh, frozen, or canned | 3.1% | 2.0% | 6.0% | 9.3% | 6.5% | 3.4% | 3.2% | 15 of 20 | 75% | 1.0 |
| 023105 | Other milk products | 2.9% | 2.9% | 10.9% | 5.4% | 3.9% | 1.9% | 2.3% | 14 of 20 | 70% | 1.3 |
| 024 | Processed fruits and vegetables | 9.1% | 9.6% | 18.2% | 11.1% | 6.9% | 4.2% | 4.0% | 17 of 20 | 85% | 2.3 |
| 0241 | Canned fruits and juices | 10.1% | 10.3% | 14.9% | 10.0% | 5.6% | 3.9% | 3.9% | 16 of 20 | 80% | 2.6 |
| 024101 | Canned fruits, excluding baby foods | 4.7% | 5.0% | 18.0% | 9.3% | 6.8% | 4.2% | 4.0% | 15 of 20 | 75% | 1.2 |
| 024102 | Canned and fresh fruit juices, nectars, and concentrates | 13.7% | 13.7% | 13.3% | 10.6% | 5.2% | 3.7% | 3.8% | 16 of 20 | 80% | 3.6 |
| 0242 | Frozen fruits, juices and ades | 19.1% | 21.8% | -0.1% | 12.6% | 3.5% | 3.9% | 4.0% | 13 of 20 | 65% | 4.7 |
| 0244 | Canned vegetables and juices | 5.1% | 5.8% | 24.0% | 10.8% | 8.4% | 3.8% | 3.4% | 16 of 20 | 80% | 1.5 |
| 0245 | Frozen vegetables | 12.2% | 12.4% | 24.5% | 14.0% | 8.8% | 5.2% | 4.5% | 18 of 20 | 90% | 2.7 |
| 024502 | Frozen potato products (French-fried, patties, puffs, etc.) | 22.4% | 23.5% | 32.4% | 19.2% | 11.2% | 6.3% | 5.7% | 18 of 20 | 90% | 3.9 |
| 0248 | Dried and dehydrated food | 6.6% | 7.1% | 12.0% | 8.3% | 5.3% | 3.7% | 17 of 20 | 85% | 1.8 | |
| 025 | Sugar and confectionery | 6.1% | 5.9% | 8.8% | 6.4% | 4.2% | 2.2% | 3.0% | 16 of 20 | 80% | 2.0 |
| 0252 | Raw cane sugar and sugar cane mill products and byproducts | 12.9% | 14.3% | 14.3% | 11.1% | 9.2% | 4.6% | 3.8% | 13 of 20 | 65% | 3.4 |
| 0253 | Refined sugar products and byproducts | 9.2% | 10.1% | 8.8% | 8.2% | 6.5% | 3.2% | 3.3% | 14 of 20 | 70% | 2.8 |
| 0254 | Confectionery materials | 17.3% | 16.4% | 17.0% | 14.5% | 8.9% | 3.1% | 3.8% | 16 of 20 | 80% | 4.6 |
| 02550302 | Nonchocolate-type confectionery products | 4.5% | 4.5% | 11.6% | 6.7% | 5.1% | 3.0% | 2.8% | 19 of 20 | 95% | 1.6 |
| 02550305 | Other confectionery-type products | 4.8% | 4.6% | 10.1% | 5.9% | 4.0% | 3.4% | 2.5% | 13 of 18 | 72% | 1.9 |
| 026 | Beverages and beverage materials | 4.0% | 3.2% | 10.2% | 6.3% | 4.4% | 2.7% | 2.7% | 20 of 20 | 100% | 1.5 |
| 026104 | Wines, brandy, and brandy spirits | 2.3% | 1.7% | 8.7% | 4.6% | 3.4% | 2.1% | 1.9% | 18 of 20 | 90% | 1.2 |
| 0262 | Soft drinks | 6.0% | 4.2% | 12.3% | 9.3% | 6.8% | 4.0% | 3.1% | 20 of 20 | 100% | 1.9 |
| 02620609 | Soft drinks, non-carbonated | 9.2% | 2.1% | 7.0% | 8.2% | 5.8% | 2.7% | 3.2% | 16 of 20 | 80% | 2.9 |
| 0263 | Packaged beverage materials | 6.6% | 6.3% | 18.8% | 9.5% | 5.7% | 2.8% | 3.4% | 14 of 20 | 70% | 1.9 |
| 026301 | Coffee (whole bean, ground, & instant) | 6.0% | 5.6% | 20.5% | 9.8% | 5.9% | 2.9% | 3.6% | 14 of 20 | 70% | 1.7 |
| 026303 | Tea in consumer packages, exc. canned ice tea | 13.0% | 13.0% | 7.0% | 7.5% | 4.2% | 2.4% | 2.4% | 17 of 20 | 85% | 5.4 |
| 0264 | Other beverage materials | 5.2% | 5.6% | 14.1% | 10.8% | 8.0% | 4.6% | 3.8% | 18 of 20 | 90% | 1.4 |
| 0284 | Specialty canning | 8.2% | 8.6% | 23.2% | 10.8% | 7.1% | 3.7% | 3.2% | 17 of 20 | 85% | 2.6 |
| 0285 | Frozen specialty food | 3.1% | 2.8% | 16.7% | 7.5% | 4.3% | 2.2% | 2.2% | 14 of 20 | 70% | 1.4 |
| 02850109 | Frozen cakes, pies, and other pastries | 5.7% | 5.8% | 13.0% | 6.8% | 5.0% | 2.9% | 3.4% | 18 of 20 | 90% | 1.7 |
| 02850111 | Frozen dinners (beef, pork, and poultry pies) and nationality foods, incl. frozen pizza | 2.3% | 1.6% | 14.1% | 6.7% | 3.2% | 1.4% | 1.4% | 12 of 20 | 60% | 1.6 |
| 028601 | Prepared sauces, excluding tomato-based sauces and sauces comprised of 20 percent or more meat | 12.2% | 12.4% | 12.8% | 8.8% | 5.7% | 3.1% | 2.7% | 17 of 20 | 85% | 4.5 |
| 02890148 | Dry mix food preparations | 2.5% | 4.4% | 7.3% | 3.9% | 2.8% | 1.9% | 1.7% | 15 of 20 | 75% | 1.5 |
| 02890172 | Chips (potato, corn, etc.) | 10.1% | 10.1% | 15.7% | 10.9% | 7.4% | 3.5% | 3.9% | 18 of 20 | 90% | 2.6 |
| 029402 | Pet food | 6.4% | 6.5% | 14.1% | 9.5% | 6.5% | 3.6% | 4.2% | 19 of 20 | 95% | 1.5 |
| 0337 | Greige broadwoven fabrics | 3.6% | 3.3% | 8.4% | 7.1% | 4.4% | 2.3% | 2.4% | 14 of 20 | 70% | 1.5 |
| 038 | Apparel & other fabricated textile prods | 2.6% | 2.9% | 5.2% | 4.9% | 3.1% | 2.2% | 1.8% | 18 of 20 | 90% | 1.4 |
| 038104 | Miscellaneous apparel and accessories | 3.7% | 3.7% | 7.3% | 5.8% | 4.3% | 3.0% | 2.6% | 19 of 20 | 95% | 1.4 |
| 0383 | Industrial and other fabricated products | 4.9% | 5.2% | 6.4% | 7.5% | 5.2% | 3.0% | 2.6% | 18 of 20 | 90% | 1.9 |
| 03830351 | All other fabricated textile products, excluding trimming and findings | 6.5% | 6.8% | 5.7% | 7.3% | 4.9% | 2.7% | 2.1% | 16 of 20 | 80% | 3.0 |
| 04 | Hides, skins, leather, and related products | 1.3% | 0.6% | 3.2% | 7.1% | 0.2% | -1.9% | 0.5% | 12 of 20 | 60% | 2.6 |
| 044 | Other leather and related products | 5.3% | 5.2% | 4.2% | 4.1% | 2.9% | 2.4% | 2.0% | 20 of 20 | 100% | 2.6 |
| 0441 | Luggage and small leather goods | 7.4% | 7.4% | 2.5% | 3.4% | 2.4% | 2.1% | 1.9% | 18 of 20 | 90% | 3.8 |
| 0445 | Leather and leather-like goods, n.e.c. | 2.9% | 2.7% | 6.3% | 4.9% | 3.4% | 3.0% | 2.3% | 20 of 20 | 100% | 1.3 |
| 056 | Crude petroleum (domestic production) | 5.2% | -10.7% | 9.1% | 37.8% | 3.2% | -2.1% | 6.0% | 13 of 20 | 65% | 0.9 |
| 0571 | Gasoline | 7.5% | -13.3% | -5.5% | 32.3% | 6.1% | 0.0% | 5.1% | 12 of 20 | 60% | 1.5 |
| 0572 | Kerosene and jet fuels | 5.1% | -14.0% | 37.2% | 43.1% | 8.3% | 1.2% | 7.9% | 14 of 20 | 70% | 0.7 |
| 058 | Asphalt and other petroleum and coal products, n.e.c. | 11.9% | -2.5% | -4.6% | 16.8% | 2.4% | 0.7% | 7.9% | 11 of 20 | 55% | 1.5 |
| 0637 | Biological products, including diagnostics | 5.2% | 5.1% | 0.5% | 5.1% | 4.3% | 2.8% | 3.0% | 19 of 20 | 95% | 1.7 |
| 063807 | Vitamin, nutrient, and hematinic preparations | 4.7% | 4.6% | 5.3% | 3.3% | 2.2% | 2.5% | 2.1% | 19 of 20 | 95% | 2.2 |
| 067 | Other chemicals and allied products | 2.5% | 2.8% | 10.7% | 7.5% | 4.6% | 3.0% | 3.0% | 19 of 20 | 95% | 0.9 |
| 0671 | Soaps and detergents | 8.0% | 8.1% | 11.7% | 8.7% | 5.4% | 2.9% | 3.0% | 17 of 20 | 85% | 2.7 |
| 0672 | Polish and other sanitation goods | 2.2% | 2.2% | 6.3% | 4.5% | 3.7% | 3.1% | 2.5% | 18 of 20 | 90% | 0.9 |
| 0675 | Cosmetics and other toilet preparations | 4.8% | 4.8% | 6.4% | 4.1% | 2.8% | 2.0% | 1.5% | 17 of 20 | 85% | 3.2 |
| 067503 | Perfumes, toilet waters, and colognes | 3.0% | 3.0% | 3.9% | 4.1% | 2.1% | 1.6% | 1.0% | 14 of 18 | 78% | 2.9 |
| 067505 | Dentifrices | 9.8% | 9.7% | 6.4% | 4.7% | 4.8% | 2.8% | 2.4% | 11 of 15 | 73% | 4.0 |
| 067514 | Creams, lotions and oils, excluding shaving, hair, and deodorant | 5.4% | 5.4% | 7.5% | 4.4% | 3.0% | 1.5% | 1.4% | 17 of 20 | 85% | 3.8 |
| 067515 | Other cosmetics and toilet preparations | 4.7% | 4.7% | 4.8% | 4.0% | 2.5% | 1.9% | 1.0% | 14 of 20 | 70% | 4.9 |
| 0723 | Laminated plastic sheets, rods, and tubes | 4.1% | 4.3% | 12.9% | 8.2% | 5.4% | 3.3% | 2.9% | 17 of 19 | 89% | 1.4 |
| 07290197 | All other reinforced and fiberglass plastics products | 7.4% | 9.6% | 15.7% | 12.0% | 7.6% | 4.1% | 4.4% | 18 of 20 | 90% | 1.7 |
| 0812 | Hardwood lumber | 4.8% | 1.6% | -21.0% | 6.5% | 1.2% | 1.5% | 1.3% | 11 of 20 | 55% | 3.8 |
| 08210112 | Wood window units | 4.5% | 4.5% | 17.6% | 10.5% | 8.1% | 5.6% | 4.0% | 19 of 20 | 95% | 1.1 |
| 0849 | Miscellaneous wood products | 6.4% | 6.1% | 6.8% | 5.6% | 3.5% | 2.7% | 2.0% | 17 of 20 | 85% | 3.2 |
| 1012 | Iron and steel scrap | 5.3% | 13.9% | -27.6% | 9.2% | 0.2% | 0.7% | 5.3% | 12 of 20 | 60% | 1.0 |
| 104103 | Transportation equipment hardware | 4.2% | 4.2% | 2.4% | 11.0% | 6.9% | 3.6% | 2.5% | 12 of 20 | 60% | 1.7 |
| 1042 | Hand and edge tools | 2.6% | 2.9% | 7.7% | 5.2% | 4.3% | 2.5% | 2.6% | 19 of 20 | 95% | 1.0 |
| 10540218 | Lavatory and sink fittings | 3.7% | 3.7% | 11.0% | 6.1% | 5.8% | 3.8% | 3.4% | 18 of 19 | 95% | 1.1 |
| 1061 | Steam and hot water equipment | 8.9% | 8.9% | 12.7% | 12.2% | 7.9% | 4.8% | 4.9% | 19 of 20 | 95% | 1.8 |
| 1063 | Other heating equipment, non-electric, including parts | 3.7% | 5.1% | 15.6% | 12.0% | 8.8% | 5.1% | 4.1% | 20 of 20 | 100% | 1.2 |
| 1079 | Prefabricated metal buildings | 6.9% | 5.4% | -4.0% | 15.6% | 8.7% | 6.7% | 6.7% | 15 of 20 | 75% | 1.0 |
| 1081 | Bolts, nuts, screws, rivets, and washers | 5.7% | 5.8% | 15.1% | 11.9% | 9.6% | 5.1% | 4.4% | 18 of 20 | 90% | 1.3 |
| 108102 | Externally threaded fasteners, except aircraft types | 6.4% | 6.1% | 11.7% | 10.6% | 8.9% | 4.9% | 4.3% | 17 of 20 | 85% | 1.5 |
| 1083 | Lighting fixtures | 2.9% | 3.2% | 7.0% | 6.0% | 5.0% | 3.1% | 2.5% | 20 of 20 | 100% | 1.2 |
| 1089 | Other miscellaneous metal products | 2.6% | 2.6% | 6.8% | 7.3% | 4.7% | 2.5% | 2.4% | 16 of 20 | 80% | 1.1 |
| 108905 | Other metal products | 2.5% | 2.5% | 5.5% | 5.9% | 4.0% | 1.9% | 1.9% | 16 of 20 | 80% | 1.3 |
| 11 | Machinery and equipment | 3.6% | 3.8% | 9.1% | 6.4% | 4.5% | 2.6% | 1.8% | 17 of 20 | 85% | 2.0 |
| 111409 | Parts for farm machinery, for sale separately | 4.1% | 3.5% | 8.1% | 11.2% | 7.0% | 3.9% | 3.2% | 17 of 20 | 85% | 1.3 |
| 112 | Construction machinery and equipment | 6.9% | 6.9% | 8.7% | 8.2% | 6.4% | 3.6% | 3.4% | 20 of 20 | 100% | 2.0 |
| 112A | Tractors and attachments, ex. parts | 7.5% | 7.5% | 5.1% | 7.4% | 6.4% | 3.3% | 3.2% | 19 of 20 | 95% | 2.4 |
| 112A03 | Construction machinery for mounting (excluding parts, winches, snow clearing attachments) | 10.2% | 10.2% | 7.9% | 9.0% | 6.3% | 3.6% | 3.2% | 18 of 20 | 90% | 3.2 |
| 112A04 | Tractor shovel loaders (skid steer, wheel, crawler, and integral design backhoes) | 5.6% | 5.6% | 10.0% | 7.6% | 6.8% | 3.4% | 3.3% | 19 of 20 | 95% | 1.7 |
| 112B | Power cranes, draglines, & shovels (excavators) (incl. surface mining equipment) (excl. parts) | 8.3% | 8.3% | 11.1% | 9.3% | 7.5% | 3.6% | 3.0% | 19 of 20 | 95% | 2.8 |
| 112B05 | Power cranes, draglines, & shovels (excavators) (incl. surface mining equip.) (excluding parts) | 8.3% | 8.3% | 11.1% | 9.3% | 7.5% | 3.6% | 3.0% | 19 of 20 | 95% | 2.8 |
| 112C | Mixers, pavers, and related equipment (excluding parts) | 9.8% | 9.8% | 15.6% | 13.4% | 9.8% | 5.6% | 4.0% | 18 of 20 | 90% | 2.4 |
| 112D | Off-highway, equipment, ex. parts | 6.5% | 6.5% | 10.3% | 8.0% | 6.8% | 3.3% | 3.6% | 20 of 20 | 100% | 1.8 |
| 113 | Metalworking machinery and equipment | 5.1% | 5.6% | 8.1% | 6.7% | 4.5% | 2.8% | 2.4% | 19 of 20 | 95% | 2.1 |
| 1132 | Power-driven handtools, including parts and attachments | 11.6% | 11.6% | 6.1% | 9.6% | 6.2% | 4.0% | 2.5% | 18 of 20 | 90% | 4.6 |
| 113302 | Resistance welders, components, accessories, and electrodes | 3.5% | 3.5% | 9.2% | 6.8% | 4.6% | 2.3% | 3.2% | 16 of 20 | 80% | 1.1 |
| 113304 | Gas welding and cutting equipment, parts, attachments, and accessories | 4.5% | 4.5% | 8.2% | 5.9% | 3.9% | 2.1% | 2.4% | 17 of 20 | 85% | 1.9 |
| 113306 | Other welding equipment, components, and accessories (excluding arc, resistance, and gas) | 2.4% | 2.4% | 9.6% | 5.9% | 4.2% | 2.9% | 2.3% | 19 of 20 | 95% | 1.0 |
| 1134 | Industrial process furnaces and ovens | 5.3% | 5.5% | 11.3% | 8.4% | 6.1% | 3.7% | 2.8% | 19 of 20 | 95% | 1.8 |
| 1135 | Cutting tools and accessories | 4.7% | 5.8% | 6.2% | 4.4% | 3.4% | 2.3% | 2.2% | 20 of 20 | 100% | 2.1 |
| 113501 | Small cutting tools | 3.3% | 4.9% | 5.5% | 3.7% | 2.9% | 2.1% | 2.2% | 18 of 19 | 95% | 1.5 |
| 113505 | Other machine tool attachments and accessories | 8.2% | 8.2% | 10.5% | 9.3% | 6.7% | 4.1% | 2.9% | 17 of 19 | 89% | 2.8 |
| 1136 | Abrasive products | 2.4% | 2.6% | 9.6% | 8.0% | 5.6% | 3.6% | 3.3% | 20 of 20 | 100% | 0.8 |
| 1137 | Metal cutting machine tools | 2.9% | 2.9% | 3.3% | 3.8% | 3.0% | 1.8% | 2.2% | 19 of 20 | 95% | 1.3 |
| 1138 | Metal forming machine tools | 12.4% | 12.4% | 5.3% | 7.0% | 5.6% | 3.2% | 2.9% | 18 of 20 | 90% | 4.3 |
| 1139 | Tools, dies, jigs, fixtures & ind. molds | 5.4% | 5.6% | 7.9% | 6.0% | 3.7% | 2.0% | 1.4% | 15 of 20 | 75% | 3.9 |
| 113901 | Special tools, dies, jigs, and fixtures | 2.9% | 3.2% | 5.5% | 4.9% | 3.5% | 2.0% | 1.4% | 16 of 20 | 80% | 2.1 |
| 113903 | Industrial molds and mold boxes | 9.6% | 9.7% | 11.2% | 7.8% | 4.0% | 2.0% | 1.4% | 14 of 20 | 70% | 6.9 |
| 113A | Metalworking machinery n. e. c. | 8.5% | 8.4% | 8.1% | 6.6% | 4.2% | 2.9% | 2.2% | 17 of 18 | 94% | 3.8 |
| 114 | General purpose machinery and equipment | 5.5% | 5.8% | 13.4% | 9.6% | 6.7% | 4.2% | 3.8% | 20 of 20 | 100% | 1.4 |
| 1141 | Pumps, compressors, and equipment | 6.1% | 6.0% | 16.0% | 9.8% | 6.5% | 4.2% | 4.0% | 20 of 20 | 100% | 1.5 |
| 1142 | Elevators, escalators, and other lifts | 5.1% | 5.1% | 5.0% | 8.9% | 6.5% | 4.2% | 2.9% | 17 of 20 | 85% | 1.7 |
| 1143 | Fluid power equipment | 11.2% | 11.3% | 11.4% | 10.1% | 7.1% | 4.1% | 4.0% | 20 of 20 | 100% | 2.8 |
| 114301 | Fluid power pumps and parts | 4.0% | 4.6% | 7.9% | 5.7% | 4.1% | 2.5% | 2.9% | 20 of 20 | 100% | 1.3 |
| 114304 | Fluid power hose and tube fittings | 35.1% | 35.1% | 15.9% | 19.3% | 12.4% | 6.4% | 5.4% | 19 of 20 | 95% | 6.5 |
| 1144 | Industrial material handling equipment | 3.3% | 3.5% | 9.6% | 9.0% | 6.2% | 4.1% | 3.9% | 19 of 20 | 95% | 0.9 |
| 11440216 | Bulk material handling conveyors and conveying systems | 9.1% | 9.3% | 13.6% | 13.7% | 9.6% | 5.6% | 4.2% | 19 of 20 | 95% | 2.2 |
| 11440357 | Work trucks not fitted with lifting & handling equipment, electric or non-electric | 4.1% | 4.2% | 10.4% | 10.2% | 6.5% | 4.1% | 3.8% | 10 of 12 | 83% | 1.1 |
| 1145 | Mechanical power transmission equipment | 3.4% | 4.0% | 15.2% | 8.6% | 6.2% | 3.6% | 3.9% | 18 of 20 | 90% | 1.0 |
| 1146 | Scales and balances | 3.8% | 4.5% | 10.1% | 8.9% | 6.4% | 4.8% | 3.5% | 20 of 20 | 100% | 1.1 |
| 1147 | Air purification equipment and industrial and commercial fans and blowers | 2.1% | 2.1% | 10.3% | 7.6% | 5.5% | 3.8% | 3.3% | 19 of 20 | 95% | 1.0 |
| 1148 | Air conditioning and refrigeration equip | 4.5% | 5.4% | 19.3% | 12.6% | 8.7% | 5.2% | 3.9% | 19 of 20 | 95% | 1.2 |
| 1149 | Miscellaneous general purpose equipment | 5.2% | 5.4% | 10.9% | 7.8% | 5.6% | 3.6% | 3.9% | 20 of 20 | 100% | 1.3 |
| 114902 | Metal valves, except fluid power | 4.3% | 4.3% | 14.9% | 7.9% | 6.0% | 4.3% | 4.9% | 20 of 20 | 100% | 0.9 |
| 114908 | Filters and strainers | 16.3% | 16.9% | 5.8% | 10.9% | 7.0% | 3.9% | 3.8% | 19 of 20 | 95% | 4.3 |
| 114911 | Other miscellaneous general purpose equipment | 5.0% | 6.2% | 7.4% | 5.2% | 4.0% | 2.5% | 2.5% | 19 of 20 | 95% | 2.0 |
| 116 | Special industry machinery and equipment | 3.4% | 3.9% | 11.1% | 9.0% | 6.0% | 3.6% | 2.5% | 19 of 20 | 95% | 1.4 |
| 1161 | Food products machinery | 4.3% | 4.8% | 10.5% | 7.4% | 5.4% | 3.7% | 3.6% | 20 of 20 | 100% | 1.2 |
| 116104 | Commercial food products machinery (except packaging and cooking equipment) | 4.2% | 5.1% | 10.3% | 7.1% | 5.0% | 3.4% | 3.1% | 19 of 20 | 95% | 1.3 |
| 1163 | Sawmill and woodworking machinery | 6.7% | 6.9% | 10.6% | 9.0% | 6.3% | 5.5% | 3.8% | 19 of 20 | 95% | 1.8 |
| 1164 | Paper industries machinery | 4.4% | 5.4% | 9.8% | 6.6% | 4.6% | 2.8% | 2.5% | 20 of 20 | 100% | 1.8 |
| 1165 | Printing trades machinery and equipment | 3.7% | 3.7% | 1.4% | 3.0% | 1.8% | 1.1% | 1.2% | 15 of 20 | 75% | 3.1 |
| 1166 | Other special industry machinery | 2.8% | 3.1% | 11.5% | 11.0% | 7.4% | 4.0% | 2.1% | 16 of 20 | 80% | 1.3 |
| 116606 | Miscellaneous special industry machinery | 3.2% | 3.4% | 12.4% | 12.5% | 8.3% | 4.5% | 2.0% | 14 of 20 | 70% | 1.6 |
| 1167 | Packing, packaging, and bottling machinery and parts | 8.0% | 8.1% | 9.8% | 9.4% | 5.2% | 4.0% | 3.3% | 19 of 20 | 95% | 2.4 |
| 117 | Electrical machinery and equipment | 1.7% | 1.9% | 7.1% | 4.4% | 3.1% | 1.7% | 0.8% | 12 of 20 | 60% | 2.1 |
| 1171 | Wiring devices | 5.0% | 5.1% | 11.2% | 14.7% | 9.5% | 4.9% | 4.5% | 18 of 20 | 90% | 1.1 |
| 117101 | Current-carrying wiring devices | 24.6% | 24.6% | 6.9% | 13.7% | 8.4% | 4.2% | 3.7% | 18 of 20 | 90% | 6.6 |
| 11710143 | Current-carrying switches for electrical circuitry (including vehicular switches) | 4.7% | 4.7% | 6.1% | 6.1% | 4.0% | 4.2% | 3.3% | 16 of 20 | 80% | 1.4 |
| 11710144 | Current-carrying wire connectors for electrical circuitry | 5.9% | 5.9% | 9.2% | 8.2% | 5.4% | 2.5% | 2.9% | 17 of 20 | 85% | 2.0 |
| 1172 | Integrating and measuring instruments | 5.0% | 5.5% | 4.4% | 2.6% | 1.8% | 0.8% | 1.1% | 14 of 20 | 70% | 4.7 |
| 1173 | Motors, generators, motor generator sets | 5.0% | 5.2% | 10.9% | 9.5% | 6.2% | 3.4% | 3.5% | 18 of 20 | 90% | 1.4 |
| 1175 | Switchgear, switchboard, industrial controls equipment | 5.0% | 7.7% | 20.4% | 11.2% | 7.5% | 4.1% | 3.6% | 18 of 20 | 90% | 1.4 |
| 1176 | Communications and related equipment and miscellaneous electronic systems & equipment | 2.0% | 1.7% | 4.3% | 3.2% | 3.3% | 2.0% | 1.1% | 16 of 20 | 80% | 1.7 |
| 117822 | Switches, mechanical (electronic applications) | 3.5% | 3.5% | 14.3% | 8.2% | 6.3% | 3.5% | 2.4% | 18 of 20 | 90% | 1.4 |
| 117824 | Connectors for electronic circuitry | 6.1% | 6.5% | 15.5% | 7.7% | 5.8% | 3.3% | 2.6% | 19 of 20 | 95% | 2.3 |
| 118 | Miscellaneous instruments | 4.7% | 5.0% | 9.6% | 5.9% | 4.2% | 2.9% | 2.3% | 20 of 20 | 100% | 2.0 |
| 1181 | Automatic environmental controls for monitoring residential, commercial, and appliance use | 5.4% | 5.3% | 4.8% | 6.0% | 4.1% | 2.7% | 2.1% | 18 of 20 | 90% | 2.6 |
| 1182 | Industrial process control instruments | 3.8% | 4.6% | 13.7% | 6.5% | 4.5% | 3.0% | 2.8% | 20 of 20 | 100% | 1.4 |
| 1184 | Fluid meters and counting devices | 9.4% | 7.2% | 10.3% | 8.4% | 5.6% | 4.2% | 3.4% | 20 of 20 | 100% | 2.7 |
| 1185 | Engineering and scientific instruments | 3.2% | 6.0% | 7.7% | 5.4% | 4.3% | 3.3% | 2.7% | 20 of 20 | 100% | 1.2 |
| 1186 | Measuring instruments and lenses | 4.3% | 4.5% | 6.6% | 4.3% | 3.2% | 2.2% | 1.7% | 19 of 20 | 95% | 2.6 |
| 1189 | Measuring & controlling devices, n.e.c. | 5.0% | 4.7% | 12.7% | 6.6% | 4.5% | 2.9% | 1.8% | 16 of 20 | 80% | 2.8 |
| 119 | Miscellaneous machinery | 4.4% | 4.4% | 6.5% | 4.9% | 3.6% | 2.0% | 2.3% | 17 of 20 | 85% | 1.9 |
| 1192 | Mining machinery and equipment | 9.9% | 10.0% | 11.5% | 11.0% | 8.9% | 5.1% | 5.1% | 20 of 20 | 100% | 1.9 |
| 1194 | Internal combustion engines | 6.3% | 6.4% | 7.0% | 5.0% | 3.4% | 1.8% | 1.6% | 17 of 20 | 85% | 4.0 |
| 1195 | Machine shop products | 3.2% | 3.2% | 4.9% | 4.4% | 3.3% | 2.0% | 2.3% | 19 of 20 | 95% | 1.4 |
| 1197 | Turbines and turbine generator sets | 6.7% | 6.7% | 2.2% | 3.9% | 3.9% | 1.7% | 2.5% | 14 of 19 | 74% | 2.7 |
| 1212 | Wood household furniture | 3.1% | 3.8% | 7.2% | 8.6% | 5.7% | 3.6% | 3.0% | 20 of 20 | 100% | 1.0 |
| 1221 | Wood office furniture and store fixtures | 2.7% | 2.8% | 11.8% | 8.4% | 5.7% | 3.6% | 2.7% | 20 of 20 | 100% | 1.1 |
| 1223 | Public building furniture | 4.2% | 4.4% | 17.6% | 10.7% | 8.2% | 4.8% | 4.0% | 19 of 20 | 95% | 1.0 |
| 1224 | Commercial furniture and fixtures, n.e.c. | 2.2% | 4.4% | 13.6% | 10.4% | 7.8% | 4.7% | 3.4% | 18 of 20 | 90% | 1.3 |
| 124 | Household appliances | 2.3% | 4.1% | 8.3% | 5.8% | 4.8% | 2.6% | 2.0% | 14 of 20 | 70% | 1.2 |
| 1241 | Major appliances | 2.2% | 4.5% | 8.1% | 5.8% | 4.8% | 2.7% | 2.0% | 15 of 20 | 75% | 1.1 |
| 124101 | Household cooking appliances | 3.9% | 6.8% | 13.2% | 10.7% | 7.5% | 3.7% | 2.7% | 16 of 20 | 80% | 1.4 |
| 1245 | Portable residential lighting fixtures, including parts and accessories | 5.5% | 5.6% | 8.3% | 7.8% | 7.1% | 4.5% | 3.5% | 17 of 20 | 85% | 1.6 |
| 1257 | Speakers and commercial sound equipment | 2.5% | 2.5% | 7.1% | 6.4% | 4.3% | 2.2% | 15 of 20 | 75% | 1.1 | |
| 126 | Other household durable goods | 2.0% | 3.8% | 6.9% | 6.6% | 4.4% | 2.8% | 2.2% | 20 of 20 | 100% | 1.7 |
| 1265 | Mirrors (decorated and undecorated) | 8.8% | 8.8% | 6.9% | 5.5% | 3.3% | 2.8% | 2.1% | 14 of 18 | 78% | 4.3 |
| 13 | Nonmetallic mineral products | 5.2% | 5.4% | 13.2% | 8.7% | 6.0% | 4.2% | 4.1% | 19 of 20 | 95% | 1.3 |
| 1313 | Other finished glassware | 3.9% | 3.8% | 4.9% | 4.7% | 3.5% | 3.0% | 1.7% | 16 of 20 | 80% | 2.2 |
| 132 | Concrete ingredients and related products | 8.3% | 8.3% | 12.2% | 8.3% | 6.4% | 5.1% | 4.6% | 19 of 20 | 95% | 1.8 |
| 132101 | Construction sand, gravel and crushed stone | 8.2% | 8.2% | 11.9% | 8.1% | 6.6% | 5.1% | 4.9% | 20 of 20 | 100% | 1.7 |
| 1322 | Cement, hydraulic | 8.4% | 8.6% | 13.0% | 8.7% | 5.9% | 5.4% | 4.1% | 18 of 20 | 90% | 2.1 |
| 133 | Concrete products | 7.4% | 8.4% | 14.9% | 9.8% | 7.1% | 5.3% | 4.5% | 18 of 20 | 90% | 1.6 |
| 1331 | Concrete block and brick | 8.6% | 8.1% | 13.7% | 8.8% | 6.8% | 4.6% | 3.8% | 18 of 20 | 90% | 2.2 |
| 133111 | Structural concrete block | 10.7% | 9.9% | 14.6% | 9.4% | 7.5% | 4.8% | 4.0% | 18 of 20 | 90% | 2.7 |
| 133121 | Decorative concrete block | 9.7% | 8.5% | 11.5% | 7.8% | 6.2% | 4.1% | 4.0% | 19 of 20 | 95% | 2.5 |
| 133131 | Concrete brick | 7.8% | 7.8% | 11.2% | 8.2% | 6.3% | 5.1% | 4.0% | 18 of 20 | 90% | 2.0 |
| 133141 | Concrete pavers | 6.6% | 6.7% | 14.4% | 9.3% | 6.5% | 4.6% | 3.6% | 17 of 20 | 85% | 1.8 |
| 1332 | Concrete pipe | 7.4% | 9.2% | 19.9% | 15.2% | 10.5% | 6.2% | 4.6% | 16 of 20 | 80% | 1.6 |
| 1333 | Ready-mix concrete | 7.8% | 9.5% | 13.2% | 8.5% | 6.3% | 5.2% | 4.6% | 18 of 20 | 90% | 1.7 |
| 1334 | Precast concrete products | 5.8% | 6.7% | 13.3% | 10.7% | 7.9% | 5.5% | 4.6% | 19 of 20 | 95% | 1.3 |
| 134 | Clay construction products ex. refractories | 4.5% | 4.1% | 9.0% | 6.3% | 4.2% | 2.8% | 2.1% | 16 of 20 | 80% | 2.2 |
| 1344 | Clay floor and wall tile, glazed and unglazed | 9.5% | 8.3% | 3.4% | 5.4% | 3.3% | 2.0% | 1.5% | 16 of 20 | 80% | 6.5 |
| 1345 | Structural clay products, n.e.c. | 5.9% | 6.4% | 8.4% | 6.6% | 4.2% | 4.3% | 3.7% | 19 of 20 | 95% | 1.6 |
| 1353 | Nonclay refractories | 2.6% | 3.3% | 17.4% | 7.6% | 6.2% | 4.0% | 3.8% | 18 of 20 | 90% | 0.9 |
| 138 | Glass containers | 7.0% | 7.0% | 12.8% | 9.0% | 6.3% | 3.8% | 3.4% | 20 of 20 | 100% | 2.1 |
| 139 | Other nonmetallic minerals | 4.1% | 3.5% | 12.4% | 8.1% | 4.9% | 2.8% | 3.9% | 16 of 20 | 80% | 1.0 |
| 139202 | Mineral wool for industrial, equipment, and appliance insulation | 4.7% | 4.8% | 11.4% | 8.7% | 6.1% | 3.0% | 3.0% | 16 of 20 | 80% | 1.6 |
| 1395 | Cut stone and stone products | 2.2% | 2.2% | 13.7% | 9.1% | 7.3% | 4.7% | 2.5% | 16 of 20 | 80% | 0.9 |
| 1398 | Gaskets, packing, and sealing devices | 2.8% | 4.2% | 9.1% | 6.3% | 4.1% | 2.6% | 2.6% | 19 of 20 | 95% | 1.1 |
| 13980212 | Molded packing and sealing devices | 2.7% | 4.0% | 11.9% | 6.2% | 4.1% | 2.6% | 2.3% | 16 of 19 | 84% | 1.2 |
| 1399 | Nonmetallic minerals and products, n.e.c. | 8.4% | 8.3% | 9.7% | 6.9% | 4.0% | 3.0% | 3.7% | 18 of 20 | 90% | 2.3 |
| 13990209 | Ground or treated minerals and earths | 5.0% | 4.6% | 9.7% | 5.9% | 3.7% | 2.8% | 4.1% | 19 of 20 | 95% | 1.2 |
| 13990211 | Dimension stone mining and quarrying | 28.5% | 28.5% | 8.2% | 10.5% | 6.8% | 3.9% | 3.4% | 15 of 18 | 83% | 8.4 |
| 14 | Transportation equipment | 1.8% | 2.0% | 4.6% | 3.5% | 2.4% | 1.8% | 1.8% | 20 of 20 | 100% | 1.0 |
| 141104 | Motorcycles, including three-wheel motorbikes, motorscooters, mopeds, and parts | 2.9% | 3.3% | 2.8% | 1.9% | 1.3% | 1.7% | 0.9% | 11 of 15 | 73% | 3.4 |
| 1412 | Motor vehicles parts | 1.5% | 1.7% | 3.7% | 3.4% | 2.1% | 1.2% | 1.2% | 16 of 20 | 80% | 1.3 |
| 1413 | Truck and bus bodies | 3.0% | 3.1% | 16.0% | 8.9% | 6.6% | 4.1% | 3.5% | 19 of 20 | 95% | 0.9 |
| 142 | Aircraft and aircraft equipment | 3.3% | 3.6% | 4.4% | 3.1% | 2.4% | 1.8% | 2.4% | 19 of 20 | 95% | 1.4 |
| 1421 | Aircraft | 3.1% | 3.6% | 5.2% | 3.3% | 2.6% | 1.9% | 2.6% | 19 of 20 | 95% | 1.2 |
| 142102 | Civilian aircraft | 4.3% | 5.0% | 6.4% | 4.5% | 3.7% | 2.6% | 3.0% | 19 of 20 | 95% | 1.4 |
| 1423 | Aircraft engine and engine parts | 2.7% | 3.1% | 4.3% | 2.7% | 2.2% | 1.6% | 2.5% | 20 of 20 | 100% | 1.1 |
| 1425 | Other aircraft parts and equipment | 4.2% | 4.1% | 2.7% | 2.7% | 2.2% | 1.6% | 1.7% | 18 of 20 | 90% | 2.5 |
| 143 | Ships and boats | 2.7% | 3.0% | 5.3% | 4.3% | 3.5% | 2.2% | 2.7% | 20 of 20 | 100% | 1.0 |
| 1431 | Ships | 2.3% | 2.7% | 2.4% | 2.8% | 2.3% | 1.2% | 2.3% | 17 of 20 | 85% | 1.0 |
| 1432 | Boats | 3.1% | 3.4% | 11.4% | 7.4% | 5.9% | 4.1% | 3.4% | 20 of 20 | 100% | 1.0 |
| 143202 | Inboard motorboats, including commercial and military (except sailboats and lifeboats) | 3.9% | 4.6% | 11.4% | 7.1% | 5.4% | 3.9% | 3.2% | 19 of 20 | 95% | 1.2 |
| 143203 | Inboard-outdrive boats, including commercial and military (except sailboats and lifeboats) | 4.0% | 4.0% | 7.7% | 5.2% | 4.8% | 3.5% | 2.7% | 18 of 20 | 90% | 1.5 |
| 143204 | All other boats (excluding military and commercial) | 8.3% | 8.3% | 5.1% | 7.4% | 5.0% | 3.3% | 2.5% | 15 of 18 | 83% | 3.3 |
| 149 | Transportation equipment, n.e.c. | 2.2% | 2.0% | 5.0% | 6.0% | 4.1% | 2.6% | 2.0% | 17 of 20 | 85% | 1.1 |
| 149111 | Other transportation equipment, incl. golf carts, vehicle trailers, and all-terrain vehicles | 2.2% | 2.0% | 5.0% | 6.0% | 4.1% | 2.6% | 2.0% | 17 of 20 | 85% | 1.1 |
| 15 | Miscellaneous products | 4.7% | 5.0% | 8.9% | 6.6% | 5.3% | 3.6% | 3.3% | 20 of 20 | 100% | 1.4 |
| 151 | Toys, sporting goods, small arms, etc. | 5.0% | 6.9% | 11.5% | 8.3% | 5.7% | 3.3% | 2.4% | 17 of 20 | 85% | 2.1 |
| 1512 | Sporting and athletic goods | 8.1% | 11.5% | 18.6% | 13.1% | 8.8% | 4.7% | 2.7% | 15 of 20 | 75% | 3.0 |
| 152 | Tobacco products, incl. stemmed & redried | 10.6% | 10.6% | 11.2% | 9.9% | 8.5% | 6.9% | 5.6% | 19 of 20 | 95% | 1.9 |
| 1521 | Cigarettes, excluding electronic | 11.7% | 11.7% | 11.9% | 10.7% | 9.2% | 7.3% | 5.9% | 20 of 20 | 100% | 2.0 |
| 153 | Notions | 3.1% | 3.4% | 6.7% | 7.5% | 4.6% | 3.2% | 3.7% | 19 of 20 | 95% | 1.0 |
| 156 | Medical, surgical & personal aid devices | 2.4% | 2.7% | 4.3% | 2.4% | 2.0% | 1.4% | 1.3% | 20 of 20 | 100% | 1.9 |
| 156201 | Surgical and medical instruments | 1.8% | 1.9% | 3.7% | 1.4% | 1.2% | 0.9% | 0.6% | 14 of 20 | 70% | 2.9 |
| 1563 | Medical and surgical appliances and supplies | 2.3% | 2.4% | 4.6% | 3.2% | 2.4% | 1.4% | 1.3% | 18 of 20 | 90% | 1.8 |
| 1564 | Ophthalmic goods | 5.7% | 6.4% | 5.5% | 4.5% | 3.5% | 2.1% | 1.9% | 17 of 20 | 85% | 3.0 |
| 157 | Other industrial safety equipment | 3.0% | 3.0% | 11.4% | 7.2% | 5.4% | 2.9% | 2.3% | 18 of 20 | 90% | 1.3 |
| 1571 | Personal safety equipment and clothing | 3.0% | 3.0% | 11.4% | 7.2% | 5.4% | 2.9% | 2.3% | 18 of 20 | 90% | 1.3 |
| 1593 | Musical instruments | 2.6% | 1.5% | 6.4% | 5.3% | 3.7% | 3.0% | 2.5% | 18 of 20 | 90% | 1.0 |
| 159404 | Costume jewelry and novelties | 7.1% | 7.1% | 5.7% | 5.6% | 5.1% | 3.4% | 2.6% | 19 of 20 | 95% | 2.8 |
| 1595 | Pens, pencils, and marking devices | 3.4% | 3.4% | 7.0% | 5.2% | 3.6% | 2.6% | 1.9% | 20 of 20 | 100% | 1.8 |
| 1597 | Brooms and brushes | 2.7% | 2.7% | 6.2% | 4.0% | 3.1% | 1.9% | 2.0% | 19 of 20 | 95% | 1.4 |
| 159A | Miscellaneous products, n.e.c. | 2.8% | 2.7% | 16.0% | 10.6% | 8.0% | 4.5% | 3.1% | 17 of 20 | 85% | 0.9 |
| 159A04 | Signs and advertising displays | 3.9% | 4.4% | 16.4% | 9.1% | 5.9% | 3.7% | 2.5% | 18 of 20 | 90% | 1.5 |
| SS45011* | New cars | 0.8% | 1.0% | 6.2% | 6.7% | 4.3% | 2.0% | 1.4% | 12 of 20 | 60% | 0.7 |
| SS45021* | New trucks | 1.4% | 1.4% | 6.0% | 7.0% | 4.3% | 2.4% | 1.4% | 14 of 20 | 70% | 1.0 |
| SAF* | Food & beverages | 2.6% | 2.9% | 10.1% | 6.3% | 4.8% | 3.1% | 2.9% | 18 of 20 | 90% | 1.0 |
* Indicates a BLS Consumer Price Index category (CPI). All other BLS Codes are BLS Producer Price Indexes (PPI). Retailers can use CPI or PPI for LIFO purposes; Manufacturers/producers and wholesalers must use PPI.
Top 2023 Year End LIFO Candidates by Industry (NAICS or IRS PBA codes)
| NAICS/IRS PBA Code | NAICS PBA Industry Description | 11M Ended Nov. '23 (YTD) | 12M Ended Nov. '23 | 12M Ended Dec. '22 | 3Y Annual Avg. | 5Y Annual Avg. | 10Y Annual Avg. | 20Y Annual Avg. | 20Y Annual Avg. | Inflation Frequency '04 - '23 | 2023 vs. 20Y Average Inflation Multiplier |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 311110 | Animal food mfg. | 6.4% | 6.5% | 14.1% | 9.5% | 6.5% | 3.6% | 4.2% | 19 of 20 | 95% | 1.5 |
| 311111 | Dog and cat food manufacturing | 7.1% | 7.2% | 14.3% | 9.4% | 6.5% | 3.8% | 4.2% | 19 of 20 | 95% | 1.7 |
| 311230 | Breakfast cereal manufacturing | 4.2% | 4.5% | 13.0% | 10.4% | 6.6% | 2.6% | 3.3% | 15 of 20 | 75% | 1.3 |
| 311300 | Sugar & confectionery product mfg. | 6.1% | 5.9% | 8.8% | 6.4% | 4.2% | 2.2% | 3.0% | 16 of 20 | 80% | 2.0 |
| 311313 | Beet sugar manufacturing | 12.9% | 14.3% | 14.3% | 11.1% | 9.2% | 4.6% | 3.8% | 13 of 20 | 65% | 3.4 |
| 311314 | Cane sugar manufacturing | 9.2% | 10.1% | 8.8% | 8.2% | 6.5% | 3.2% | 3.3% | 14 of 20 | 70% | 2.8 |
| 311340 | Nonchocolate confectionery manufacturing | 4.5% | 4.5% | 11.6% | 6.7% | 5.1% | 3.0% | 2.8% | 19 of 20 | 95% | 1.6 |
| 311351 | Chocolate and confectionery mfg. from cacao | 3.5% | 2.7% | 8.7% | 2.7% | 2.5% | 1.8% | 2.8% | 19 of 20 | 95% | 1.3 |
| 311352 | Confectionery mfg. from purchased chocolate | 3.5% | 2.7% | 8.7% | 2.7% | 2.5% | 1.8% | 2.8% | 19 of 20 | 95% | 1.3 |
| 311400 | Fruit & vegetable preserving & speciality food mfg. | 9.1% | 9.6% | 18.2% | 11.1% | 6.9% | 4.2% | 4.0% | 17 of 20 | 85% | 2.3 |
| 311411 | Frozen fruit and vegetable manufacturing | 9.1% | 9.6% | 18.2% | 11.1% | 6.9% | 4.2% | 4.0% | 17 of 20 | 85% | 2.3 |
| 311412 | Frozen specialty food manufacturing | 3.1% | 2.8% | 16.7% | 7.5% | 4.3% | 2.2% | 2.2% | 14 of 20 | 70% | 1.4 |
| 311421 | Fruit and vegetable canning | 10.1% | 10.3% | 14.9% | 10.0% | 5.6% | 3.9% | 3.9% | 16 of 20 | 80% | 2.6 |
| 311422 | Specialty canning | 8.2% | 8.6% | 23.2% | 10.8% | 7.1% | 3.7% | 3.2% | 17 of 20 | 85% | 2.6 |
| 311423 | Dried and dehydrated food manufacturing | 6.6% | 7.1% | 12.0% | 8.3% | 5.3% | 3.7% | 17 of 20 | 85% | 1.8 | |
| 311811 | Retail bakeries | 3.3% | 3.4% | 14.2% | 6.9% | 4.6% | 2.9% | 3.1% | 19 of 20 | 95% | 1.1 |
| 311812 | Commercial bakeries | 3.3% | 3.4% | 14.2% | 6.9% | 4.6% | 2.9% | 3.1% | 19 of 20 | 95% | 1.1 |
| 311813 | Frozen cakes and other pastries manufacturing | 5.7% | 5.8% | 13.0% | 6.8% | 5.0% | 2.9% | 3.4% | 18 of 20 | 90% | 1.7 |
| 311821 | Cookie and cracker manufacturing | 2.7% | 2.7% | 7.5% | 3.9% | 2.8% | 1.4% | 1.8% | 16 of 20 | 80% | 1.5 |
| 311919 | Other snack food manufacturing | 10.1% | 10.1% | 15.7% | 10.9% | 7.4% | 3.5% | 3.9% | 18 of 20 | 90% | 2.6 |
| 311920 | Coffee and tea manufacturing | 6.6% | 6.3% | 18.8% | 9.5% | 5.7% | 2.8% | 3.4% | 14 of 20 | 70% | 1.9 |
| 311930 | Flavoring syrup and concentrate manufacturing | 2.9% | 1.6% | 17.9% | 6.7% | 6.1% | 3.7% | 2.4% | 17 of 20 | 85% | 1.2 |
| 312000 | Beverage & tobacco product mfg. | 10.6% | 10.6% | 11.2% | 9.9% | 8.5% | 6.9% | 5.6% | 19 of 20 | 95% | 1.9 |
| 312111 | Soft drink manufacturing | 6.0% | 4.2% | 12.3% | 9.3% | 6.8% | 4.0% | 3.1% | 20 of 20 | 100% | 1.9 |
| 312112 | Bottled water manufacturing | 4.1% | 5.1% | 18.2% | 9.8% | 6.8% | 2.4% | 11 of 20 | 55% | 1.7 | |
| 312113 | Ice manufacturing | 5.3% | 10.8% | 29.8% | 11.7% | 7.7% | 4.5% | 3.8% | 17 of 20 | 85% | 1.4 |
| 312130 | Wineries | 2.3% | 1.7% | 8.7% | 4.6% | 3.4% | 2.1% | 1.9% | 18 of 20 | 90% | 1.2 |
| 312230 | Tobacco manufacturing | 11.7% | 11.7% | 11.9% | 10.7% | 9.2% | 7.3% | 5.9% | 20 of 20 | 100% | 2.0 |
| 314910 | Textile bag and canvas mills | 4.9% | 5.2% | 6.4% | 7.5% | 5.2% | 3.0% | 2.6% | 18 of 20 | 90% | 1.9 |
| 314994 | Rope, twine, tire cord, and tire fabric mills | 7.9% | 7.2% | 2.8% | 10.5% | 6.1% | 3.0% | 8 of 11 | 73% | 2.6 | |
| 314999 | All other miscellaneous textile product mills | 6.5% | 6.8% | 5.7% | 7.3% | 4.9% | 2.7% | 2.1% | 16 of 20 | 80% | 3.0 |
| 315110 | Hosiery and sock mills | 1.5% | 1.5% | 4.6% | 2.6% | 1.7% | 1.4% | 16 of 20 | 80% | 1.1 | |
| 315190 | Other apparel knitting mills | 1.5% | 1.5% | 4.6% | 2.6% | 1.7% | 1.4% | 16 of 20 | 80% | 1.1 | |
| 315220 | Men's and boys' cut and sew apparel manufacturing | 1.7% | 2.3% | 11.9% | 5.3% | 3.7% | 2.0% | 15 of 20 | 75% | 1.2 | |
| 315990 | Accessories and other apparel manufacturing | 3.7% | 3.7% | 7.3% | 5.8% | 4.3% | 3.0% | 2.6% | 19 of 20 | 95% | 1.4 |
| 316110 | Leather & hide tanning & finishing | 1.3% | 0.6% | 3.2% | 7.1% | 0.2% | -1.9% | 0.5% | 12 of 20 | 60% | 2.6 |
| 316990 | Other leather & allied product mfg. | 2.9% | 2.7% | 6.3% | 4.9% | 3.4% | 3.0% | 2.3% | 20 of 20 | 100% | 1.3 |
| 316998 | All other leather and allied good mfg. | 2.9% | 2.7% | 6.3% | 4.9% | 3.4% | 3.0% | 2.3% | 20 of 20 | 100% | 1.3 |
| 321219 | Reconstituted wood product manufacturing | 6.7% | 6.2% | 3.0% | 4.0% | 2.5% | 1.9% | 14 of 16 | 88% | 3.5 | |
| 321999 | Miscellaneous wood product manufacturing | 6.7% | 6.2% | 3.0% | 4.0% | 2.5% | 1.9% | 14 of 16 | 88% | 3.5 | |
| 323100 | Printing & related support activities | 2.9% | 3.6% | 14.3% | 9.1% | 6.2% | 3.4% | 13 of 14 | 93% | 1.1 | |
| 323113 | Commercial screen printing | 3.0% | 5.4% | 16.2% | 9.1% | 5.2% | 1.8% | 9 of 15 | 60% | 1.7 | |
| 323117 | Books printing | 6.2% | 6.7% | 23.9% | 13.2% | 8.9% | 4.9% | 12 of 16 | 75% | 1.4 | |
| 323120 | Support activities for printing | 2.9% | 3.6% | 14.3% | 9.1% | 6.2% | 3.4% | 13 of 14 | 93% | 1.1 | |
| 324199 | All other petroleum and coal products mfg. | 12.2% | 9.7% | 6.5% | 22.5% | 6.5% | 2.1% | 7 of 13 | 54% | 5.8 | |
| 325130 | Synthetic dye and pigment manufacturing | 5.9% | 11.6% | 16.1% | 9.4% | 5.4% | 3.4% | 2.4% | 11 of 20 | 55% | 2.4 |
| 325413 | In-vitro diagnostic substance manufacturing | 5.2% | 5.1% | 0.5% | 5.1% | 4.3% | 2.8% | 3.0% | 19 of 20 | 95% | 1.7 |
| 325414 | Other biological product manufacturing | 5.2% | 5.1% | 0.5% | 5.1% | 4.3% | 2.8% | 3.0% | 19 of 20 | 95% | 1.7 |
| 325600 | Soap, cleaning compound & toilet preparation mfg. | 2.5% | 2.8% | 10.7% | 7.5% | 4.6% | 3.0% | 3.0% | 19 of 20 | 95% | 0.9 |
| 325611 | Soap and other detergent manufacturing | 8.0% | 8.1% | 11.7% | 8.7% | 5.4% | 2.9% | 3.0% | 17 of 20 | 85% | 2.7 |
| 325612 | Polish and other sanitation good mfg. | 2.2% | 2.2% | 6.3% | 4.5% | 3.7% | 3.1% | 2.5% | 18 of 20 | 90% | 0.9 |
| 325620 | Toilet preparation manufacturing | 4.8% | 4.8% | 6.4% | 4.1% | 2.8% | 2.0% | 1.5% | 17 of 20 | 85% | 3.2 |
| 326122 | Plastics pipe and pipe fitting manufacturing | 2.6% | 2.7% | 12.6% | 8.6% | 5.2% | 2.7% | 2.8% | 17 of 20 | 85% | 1.0 |
| 326130 | Laminated plastics plate, sheet (except packaging), and shape manufacturing | 4.1% | 4.3% | 12.9% | 8.2% | 5.4% | 3.3% | 2.9% | 17 of 19 | 89% | 1.4 |
| 326291 | Rubber product mfg. for mechanical use | 9.5% | 9.7% | 10.3% | 7.7% | 4.7% | 2.2% | 15 of 19 | 79% | 4.2 | |
| 326299 | All other rubber product manufacturing | 2.6% | 2.7% | 12.6% | 8.6% | 5.2% | 2.7% | 2.8% | 17 of 20 | 85% | 1.0 |
| 327100 | Clay product & refractory mfg. | 5.2% | 5.4% | 13.2% | 8.7% | 6.0% | 4.2% | 4.1% | 19 of 20 | 95% | 1.3 |
| 327120 | Clay building material and refractories mfg. | 5.2% | 5.4% | 13.2% | 8.7% | 6.0% | 4.2% | 4.1% | 19 of 20 | 95% | 1.3 |
| 327212 | Other pressed and blown glass and glassware | 3.9% | 3.8% | 4.9% | 4.7% | 3.5% | 3.0% | 1.7% | 16 of 20 | 80% | 2.2 |
| 327213 | Glass container manufacturing | 7.0% | 7.0% | 12.8% | 9.0% | 6.3% | 3.8% | 3.4% | 20 of 20 | 100% | 2.1 |
| 327215 | Glass product mfg. made of purchased glass | 3.9% | 3.8% | 4.9% | 4.7% | 3.5% | 3.0% | 1.7% | 16 of 20 | 80% | 2.2 |
| 327300 | Cement & concrete product mfg. | 8.3% | 8.3% | 12.2% | 8.3% | 6.4% | 5.1% | 4.6% | 19 of 20 | 95% | 1.8 |
| 327310 | Cement manufacturing | 8.4% | 8.6% | 13.0% | 8.7% | 5.9% | 5.4% | 4.1% | 18 of 20 | 90% | 2.1 |
| 327320 | Ready-mix concrete manufacturing | 4.3% | 4.4% | 10.7% | 6.3% | 4.3% | 3.0% | 3.1% | 19 of 20 | 95% | 1.4 |
| 327331 | Concrete block and brick manufacturing | 8.6% | 8.1% | 13.7% | 8.8% | 6.8% | 4.6% | 3.8% | 18 of 20 | 90% | 2.2 |
| 327332 | Concrete pipe manufacturing | 7.4% | 9.2% | 19.9% | 15.2% | 10.5% | 6.2% | 4.6% | 16 of 20 | 80% | 1.6 |
| 327390 | Other concrete product manufacturing | 7.4% | 8.4% | 14.9% | 9.8% | 7.1% | 5.3% | 4.5% | 18 of 20 | 90% | 1.6 |
| 327400 | Lime & gypsum product mfg. | 8.3% | 8.3% | 12.2% | 8.3% | 6.4% | 5.1% | 4.6% | 19 of 20 | 95% | 1.8 |
| 327410 | Lime manufacturing | 4.1% | 3.5% | 12.4% | 8.1% | 4.9% | 2.8% | 3.9% | 16 of 20 | 80% | 1.0 |
| 327900 | Other nonmetallic mineral product mfg. | 4.3% | 4.4% | 10.7% | 6.3% | 4.3% | 3.0% | 3.1% | 19 of 20 | 95% | 1.4 |
| 327910 | Abrasive product manufacturing | 2.4% | 2.6% | 9.6% | 8.0% | 5.6% | 3.6% | 3.3% | 20 of 20 | 100% | 0.8 |
| 327991 | Cut stone and stone product manufacturing | 2.2% | 2.2% | 13.7% | 9.1% | 7.3% | 4.7% | 2.5% | 16 of 20 | 80% | 0.9 |
| 327992 | Ground or treated minerals and earths mfg. | 5.0% | 4.6% | 9.7% | 5.9% | 3.7% | 2.8% | 4.1% | 19 of 20 | 95% | 1.2 |
| 327999 | All other miscellaneous nonmetallic mineral product manufacturing | 8.4% | 8.3% | 9.7% | 6.9% | 4.0% | 3.0% | 3.7% | 18 of 20 | 90% | 2.3 |
| 331491 | Nonferrous metal (except copper and aluminum) rolling, drawing, and extruding | 6.3% | 6.4% | 0.0% | 8.8% | 3.0% | 2.8% | 4.4% | 12 of 20 | 60% | 1.4 |
| 331513 | Steel foundries, except investment | 4.8% | 8.1% | 14.4% | 4.5% | 3.6% | 2.2% | 3.6% | 18 of 20 | 90% | 1.3 |
| 332112 | Nonferrous forging | 6.7% | 6.7% | 7.9% | 6.2% | 4.8% | 2.4% | 1.7% | 10 of 19 | 53% | 4.0 |
| 332117 | Powder metallurgy part mfg | 2.5% | 2.5% | 5.5% | 5.9% | 4.0% | 1.9% | 1.9% | 16 of 20 | 80% | 1.3 |
| 332216 | Saw blade, handsaw, and hand and edge tool mfg | 2.6% | 2.9% | 7.7% | 5.2% | 4.3% | 2.5% | 2.6% | 19 of 20 | 95% | 1.0 |
| 332311 | Prefabricated metal buildings and components mfg | 6.9% | 5.4% | -4.0% | 15.6% | 8.7% | 6.7% | 6.7% | 15 of 20 | 75% | 1.0 |
| 332410 | Power boiler and heat exchanger mfg | 8.9% | 8.9% | 12.7% | 12.2% | 7.9% | 4.8% | 4.9% | 19 of 20 | 95% | 1.8 |
| 332613 | Spring mfg | 8.3% | 7.6% | 27.0% | 19.5% | 11.8% | 6.9% | 5.3% | 15 of 20 | 75% | 1.6 |
| 332710 | Machine shops | 3.2% | 3.2% | 4.9% | 4.4% | 3.3% | 2.0% | 2.3% | 19 of 20 | 95% | 1.4 |
| 332721 | Precision turned product mfg | 2.5% | 2.5% | 5.5% | 5.9% | 4.0% | 1.9% | 1.9% | 16 of 20 | 80% | 1.3 |
| 332722 | Bolt, nut, screw, rivet, and washer mfg | 5.7% | 5.8% | 15.1% | 11.9% | 9.6% | 5.1% | 4.4% | 18 of 20 | 90% | 1.3 |
| 332811 | Metal heat treating | 2.5% | 2.5% | 5.5% | 5.9% | 4.0% | 1.9% | 1.9% | 16 of 20 | 80% | 1.3 |
| 332812 | Metal coating and nonprecious engraving | 2.5% | 2.5% | 5.5% | 5.9% | 4.0% | 1.9% | 1.9% | 16 of 20 | 80% | 1.3 |
| 332813 | Electroplating, anodizing and coloring metal | 2.5% | 2.5% | 5.5% | 5.9% | 4.0% | 1.9% | 1.9% | 16 of 20 | 80% | 1.3 |
| 332911 | Industrial valve mfg | 4.3% | 4.3% | 14.9% | 7.9% | 6.0% | 4.3% | 4.9% | 20 of 20 | 100% | 0.9 |
| 332912 | Fluid power valve and hose fitting mfg | 11.2% | 11.3% | 11.4% | 10.1% | 7.1% | 4.1% | 4.0% | 20 of 20 | 100% | 2.8 |
| 332996 | Fabricated pipe and pipe fitting mfg | 8.0% | 6.3% | -0.4% | 11.0% | 6.4% | 3.6% | 7 of 12 | 58% | 2.2 | |
| 332999 | Miscellaneous fabricated metal product mfg | 2.5% | 2.5% | 5.5% | 5.9% | 4.0% | 1.9% | 1.9% | 16 of 20 | 80% | 1.3 |
| 333000 | Machinery mfg. | 3.6% | 3.8% | 9.1% | 6.4% | 4.5% | 2.6% | 1.8% | 17 of 20 | 85% | 2.0 |
| 333120 | Construction machinery mfg | 6.9% | 6.9% | 8.7% | 8.2% | 6.4% | 3.6% | 3.4% | 20 of 20 | 100% | 2.0 |
| 333131 | Mining machinery and equipment mfg | 9.9% | 10.0% | 11.5% | 11.0% | 8.9% | 5.1% | 5.1% | 20 of 20 | 100% | 1.9 |
| 333241 | Food product machinery mfg | 4.3% | 4.8% | 10.5% | 7.4% | 5.4% | 3.7% | 3.6% | 20 of 20 | 100% | 1.2 |
| 333242 | Semiconductor machinery mfg | 3.2% | 3.4% | 12.4% | 12.5% | 8.3% | 4.5% | 2.0% | 14 of 20 | 70% | 1.6 |
| 333243 | Sawmill, woodworking and paper machinery mfg | 6.7% | 6.9% | 10.6% | 9.0% | 6.3% | 5.5% | 18 of 19 | 95% | 1.2 | |
| 333244 | Printing machinery and equipment mfg | 3.7% | 3.7% | 1.4% | 3.0% | 1.8% | 1.1% | 1.2% | 15 of 20 | 75% | 3.1 |
| 333249 | Other industrial machinery mfg | 2.8% | 3.1% | 11.5% | 11.0% | 7.4% | 4.0% | 2.1% | 16 of 20 | 80% | 1.3 |
| 333314 | Optical instrument and lens mfg | 5.7% | 6.4% | 5.5% | 4.5% | 3.5% | 2.1% | 1.9% | 17 of 20 | 85% | 3.0 |
| 333318 | Other commercial and service industry machinery mfg | 1.7% | 2.5% | 12.4% | 7.6% | 5.4% | 3.5% | 3.0% | 20 of 20 | 100% | 0.8 |
| 333415 | Air-conditioning, refrigeration, and forced air heating equipment mfg | 4.5% | 5.4% | 19.3% | 12.6% | 8.7% | 5.2% | 3.9% | 19 of 20 | 95% | 1.2 |
| 333511 | Industrial mold mfg | 9.6% | 9.7% | 11.2% | 7.8% | 4.0% | 2.0% | 1.4% | 14 of 20 | 70% | 6.9 |
| 333514 | Special tool, die, jig, and fixture mfg | 2.9% | 3.2% | 5.5% | 4.8% | 3.5% | 2.0% | 10 of 13 | 77% | 1.4 | |
| 333515 | Cutting tool and machine tool accessory mfg | 4.7% | 5.8% | 6.2% | 4.4% | 3.4% | 2.3% | 2.2% | 20 of 20 | 100% | 2.1 |
| 333517 | Machine tool mfg | 5.1% | 5.6% | 8.1% | 6.7% | 4.5% | 2.8% | 2.4% | 19 of 20 | 95% | 2.1 |
| 333519 | Rolling mill and other metalworking machinery mfg | 5.1% | 5.6% | 8.1% | 6.7% | 4.5% | 2.8% | 2.4% | 19 of 20 | 95% | 2.1 |
| 333611 | Turbine and turbine generator set units mfg | 6.7% | 6.7% | 2.2% | 3.9% | 3.9% | 1.7% | 2.5% | 14 of 19 | 74% | 2.7 |
| 333613 | Mechanical power transmission equipment mfg | 4.8% | 4.9% | 14.3% | 8.9% | 6.8% | 3.7% | 4.0% | 19 of 20 | 95% | 1.2 |
| 333618 | Other engine equipment mfg | 6.3% | 6.4% | 7.0% | 5.0% | 3.4% | 1.8% | 1.6% | 17 of 20 | 85% | 4.0 |
| 333912 | Air and gas compressor mfg | 4.0% | 3.9% | 21.2% | 11.2% | 8.1% | 5.1% | 4.0% | 19 of 20 | 95% | 1.0 |
| 333914 | Measuring, dispensing, and other pumping equipment mfg | 6.1% | 6.0% | 16.0% | 9.8% | 6.5% | 4.2% | 4.0% | 20 of 20 | 100% | 1.5 |
| 333921 | Elevator and moving stairway mfg | 5.1% | 5.1% | 5.0% | 8.9% | 6.5% | 4.2% | 2.9% | 17 of 20 | 85% | 1.7 |
| 333922 | Conveyor and conveying equipment mfg | 4.0% | 4.4% | 9.2% | 9.0% | 6.4% | 4.1% | 3.7% | 18 of 20 | 90% | 1.1 |
| 333991 | Power-driven handtool mfg | 11.6% | 11.6% | 6.1% | 9.6% | 6.2% | 4.0% | 2.5% | 18 of 20 | 90% | 4.6 |
| 333993 | Packaging machinery mfg | 8.0% | 8.1% | 9.8% | 9.4% | 5.2% | 4.0% | 3.3% | 19 of 20 | 95% | 2.4 |
| 333994 | Industrial process furnace and oven mfg | 5.3% | 5.5% | 11.3% | 8.4% | 6.1% | 3.7% | 2.8% | 19 of 20 | 95% | 1.8 |
| 333995 | Fluid power cylinder and actuator mfg | 5.0% | 5.0% | 12.4% | 9.3% | 6.7% | 3.9% | 3.6% | 20 of 20 | 100% | 1.4 |
| 333996 | Fluid power pump and motor mfg | 4.0% | 4.6% | 7.9% | 5.7% | 4.1% | 2.5% | 2.9% | 20 of 20 | 100% | 1.3 |
| 333997 | Scale and balance mfg | 3.8% | 4.5% | 10.1% | 8.9% | 6.4% | 4.8% | 3.5% | 20 of 20 | 100% | 1.1 |
| 333999 | All other miscellaneous general purpose machinery mfg | 5.0% | 6.2% | 7.4% | 5.2% | 4.0% | 2.5% | 2.5% | 19 of 20 | 95% | 2.0 |
| 334220 | Broadcast and wireless communications equipment mfg | 1.5% | 0.7% | 4.8% | 2.7% | 2.0% | 0.9% | 6 of 10 | 60% | 1.7 | |
| 334290 | Other communications equipment mfg | 1.5% | 0.7% | 4.8% | 2.7% | 2.0% | 0.9% | 6 of 10 | 60% | 1.7 | |
| 334412 | Bare printed circuit board mfg | 6.1% | 3.9% | 4.7% | 5.3% | 3.3% | 1.9% | 1.3% | 10 of 17 | 59% | 4.8 |
| 334417 | Electronic connector mfg | 6.1% | 6.5% | 15.5% | 7.8% | 5.8% | 3.3% | 11 of 12 | 92% | 1.8 | |
| 334419 | Other electronic component mfg | 6.6% | 5.7% | 5.4% | 5.1% | 5.7% | 3.4% | 2.8% | 15 of 20 | 75% | 2.3 |
| 334511 | Search, detection, and navigation instruments | 2.0% | 1.7% | 4.3% | 3.2% | 3.3% | 2.0% | 1.1% | 16 of 20 | 80% | 1.7 |
| 334512 | Automatic environmental control mfg | 5.4% | 5.3% | 4.8% | 6.0% | 4.1% | 2.7% | 2.1% | 18 of 20 | 90% | 2.6 |
| 334513 | Industrial process variable instruments | 3.8% | 4.6% | 13.7% | 6.5% | 4.5% | 3.0% | 2.8% | 20 of 20 | 100% | 1.4 |
| 334514 | Totalizing fluid meters and counting devices | 9.4% | 7.2% | 10.3% | 8.4% | 5.6% | 4.2% | 3.4% | 20 of 20 | 100% | 2.7 |
| 334515 | Electricity and signal testing instruments mfg | 5.0% | 5.5% | 4.4% | 2.6% | 1.8% | 0.8% | 1.1% | 14 of 20 | 70% | 4.7 |
| 334516 | Analytical laboratory instrument mfg | 3.2% | 6.0% | 7.7% | 5.4% | 4.3% | 3.3% | 2.7% | 20 of 20 | 100% | 1.2 |
| 334517 | Irradiation apparatus mfg | 0.8% | 0.8% | 8.1% | 2.1% | 1.1% | 0.5% | 0.5% | 11 of 19 | 58% | 1.8 |
| 334519 | Other measuring and controlling device mfg | 5.0% | 4.7% | 12.7% | 6.6% | 4.5% | 2.9% | 1.8% | 16 of 20 | 80% | 2.8 |
| 334610 | Manufacturing and reproducing magnetic and optical media | 2.7% | 2.7% | 13.2% | 8.3% | 6.5% | 3.6% | 3.0% | 18 of 20 | 90% | 0.9 |
| 335000 | Electrical equipment, appliance & component mfg. | 1.7% | 1.9% | 7.1% | 4.4% | 3.1% | 1.7% | 0.8% | 12 of 20 | 60% | 2.1 |
| 335122 | Nonresidential electric lighting fixture mfg | 2.7% | 3.1% | 7.4% | 6.6% | 5.7% | 3.4% | 2.8% | 16 of 20 | 80% | 1.1 |
| 335129 | Other lighting equipment mfg | 3.8% | 3.8% | 7.6% | 5.2% | 4.0% | 2.5% | 2.1% | 19 of 20 | 95% | 1.9 |
| 335220 | Major household appliance mfg | 2.2% | 4.5% | 8.1% | 5.8% | 4.8% | 2.7% | 2.0% | 15 of 20 | 75% | 1.1 |
| 335312 | Motor and generator mfg | 5.0% | 5.2% | 10.9% | 9.5% | 6.2% | 3.4% | 3.5% | 18 of 20 | 90% | 1.4 |
| 335313 | Switchgear and switchboard apparatus mfg | 5.0% | 7.7% | 20.4% | 11.2% | 7.5% | 4.1% | 3.6% | 18 of 20 | 90% | 1.4 |
| 335314 | Relay and industrial control mfg | 2.0% | 7.6% | 18.8% | 9.3% | 6.1% | 3.7% | 3.5% | 20 of 20 | 100% | 2.2 |
| 335929 | Other communication and energy wire mfg | 6.0% | 7.0% | 7.7% | 11.6% | 7.9% | 3.9% | 9 of 12 | 75% | 1.5 | |
| 335931 | Current-carrying wiring device mfg | 24.6% | 24.6% | 6.9% | 13.7% | 8.4% | 4.2% | 3.7% | 18 of 20 | 90% | 6.6 |
| 335999 | Miscellaneous electrical equipment mfg | 0.8% | 1.2% | 7.2% | 3.4% | 1.8% | 1.6% | 1.1% | 14 of 20 | 70% | 1.1 |
| 336000 | Transportation equipment mfg. | 1.8% | 2.0% | 4.6% | 3.5% | 2.4% | 1.8% | 1.8% | 20 of 20 | 100% | 1.0 |
| 336110 | Automobile, light truck and utility vehicle mfg | 1.8% | 2.0% | 4.6% | 3.5% | 2.4% | 1.8% | 1.8% | 20 of 20 | 100% | 1.0 |
| 336120 | Heavy duty truck mfg | 1.8% | 1.8% | 1.9% | 1.7% | 1.5% | 1.7% | 17 of 17 | 100% | 1.0 | |
| 336211 | Motor vehicle body mfg | 3.0% | 3.1% | 16.0% | 8.9% | 6.6% | 4.1% | 3.5% | 19 of 20 | 95% | 0.9 |
| 336213 | Motor home mfg | 1.2% | 1.2% | 2.8% | 3.6% | 2.7% | 2.1% | 1.5% | 18 of 20 | 90% | 0.8 |
| 336320 | Motor vehicle electrical and electronic equipment mfg | 1.5% | 1.7% | 3.7% | 3.4% | 2.1% | 1.2% | 15 of 19 | 79% | 1.3 | |
| 336340 | Motor vehicle brake system mfg | 2.8% | 2.9% | 9.7% | 8.8% | 5.5% | 2.9% | 1.2% | 16 of 20 | 80% | 2.3 |
| 336350 | Motor vehicle transmission and power train parts manufacturing | 1.9% | 1.8% | 4.3% | 2.7% | 1.9% | 1.0% | 15 of 20 | 75% | 1.8 | |
| 336390 | Other motor vehicle parts mfg | 1.5% | 1.7% | 3.7% | 3.4% | 2.1% | 1.2% | 15 of 19 | 79% | 1.3 | |
| 336411 | Aircraft mfg | 3.1% | 3.6% | 5.2% | 3.3% | 2.6% | 1.9% | 2.6% | 19 of 20 | 95% | 1.2 |
| 336412 | Aircraft engine and engine parts mfg | 2.7% | 3.1% | 4.3% | 2.7% | 2.2% | 1.6% | 2.5% | 20 of 20 | 100% | 1.1 |
| 336413 | Other aircraft parts and equipment mfg | 4.2% | 4.1% | 2.7% | 2.7% | 2.2% | 1.6% | 1.7% | 18 of 20 | 90% | 2.5 |
| 336611 | Ship building and repairing | 2.3% | 2.7% | 2.4% | 2.8% | 2.3% | 1.2% | 2.3% | 17 of 20 | 85% | 1.0 |
| 336612 | Boat building | 3.1% | 3.4% | 11.4% | 7.4% | 5.9% | 4.1% | 3.4% | 20 of 20 | 100% | 1.0 |
| 336991 | Motorcycle, bicycle, and parts mfg | 2.9% | 3.3% | 2.8% | 1.9% | 1.3% | 1.7% | 0.9% | 11 of 15 | 73% | 3.4 |
| 336999 | All other transportation equipment mfg | 2.2% | 2.0% | 5.0% | 6.0% | 4.1% | 2.6% | 2.0% | 17 of 20 | 85% | 1.1 |
| 337000 | Furniture & related product mfg. | 1.1% | 2.1% | 8.4% | 6.9% | 5.0% | 3.1% | 2.5% | 20 of 20 | 100% | 0.8 |
| 337122 | Nonupholstered wood household furniture mfg | 3.1% | 3.8% | 7.2% | 8.6% | 5.7% | 3.6% | 3.0% | 19 of 20 | 95% | 1.0 |
| 337127 | Institutional furniture mfg | 2.7% | 6.3% | 12.6% | 9.0% | 6.8% | 4.3% | 13 of 13 | 100% | 1.5 | |
| 337211 | Wood office furniture mfg | 2.7% | 2.8% | 11.8% | 8.4% | 5.7% | 3.6% | 2.7% | 20 of 20 | 100% | 1.1 |
| 337212 | Custom architectural woodwork and millwork | 6.1% | 6.0% | 10.7% | 8.9% | 5.9% | 3.7% | 10 of 11 | 91% | 1.6 | |
| 339110 | Medical equipment & supplies mfg. | 4.7% | 5.0% | 8.9% | 6.6% | 5.3% | 3.6% | 3.3% | 20 of 20 | 100% | 1.4 |
| 339112 | Surgical and medical instrument mfg | 1.8% | 1.9% | 3.7% | 1.4% | 1.2% | 0.9% | 0.6% | 14 of 20 | 70% | 2.9 |
| 339113 | Surgical appliance and supplies mfg | 2.3% | 2.4% | 4.6% | 3.2% | 2.4% | 1.4% | 1.3% | 18 of 20 | 90% | 1.8 |
| 339114 | Dental equipment and supplies mfg | 3.2% | 5.0% | 5.1% | 2.5% | 4.6% | 3.7% | 4.2% | 20 of 20 | 100% | 1.2 |
| 339115 | Ophthalmic goods mfg | 5.7% | 6.4% | 5.5% | 4.5% | 3.5% | 2.1% | 1.9% | 17 of 20 | 85% | 3.0 |
| 339900 | Other miscellaneous mfg. | 2.7% | 2.7% | 13.2% | 8.3% | 6.5% | 3.6% | 3.0% | 18 of 20 | 90% | 0.9 |
| 339920 | Sporting and athletic goods mfg | 8.1% | 11.5% | 18.6% | 13.1% | 8.8% | 4.7% | 2.7% | 15 of 20 | 75% | 3.0 |
| 339940 | Office supplies, except paper, mfg | 2.5% | 2.4% | 11.7% | 6.8% | 4.5% | 3.4% | 2.0% | 17 of 19 | 89% | 1.2 |
| 339950 | Sign mfg | 3.9% | 4.4% | 16.4% | 9.1% | 5.9% | 3.7% | 2.5% | 18 of 20 | 90% | 1.5 |
| 339991 | Gasket, packing, and sealing device mfg | 2.8% | 4.2% | 9.1% | 6.3% | 4.1% | 2.6% | 2.6% | 19 of 20 | 95% | 1.1 |
| 339992 | Musical instrument mfg | 2.6% | 1.5% | 6.4% | 5.3% | 3.7% | 3.0% | 2.5% | 18 of 20 | 90% | 1.0 |
| 339993 | Fastener, button, needle, and pin mfg | 3.1% | 3.4% | 6.7% | 7.5% | 4.6% | 3.2% | 3.7% | 19 of 20 | 95% | 0.9 |
| 339994 | Broom, brush, and mop mfg | 2.7% | 2.7% | 6.2% | 4.0% | 3.1% | 1.9% | 2.0% | 19 of 20 | 95% | 1.4 |
| 423200 | Furniture & home furnishing | 1.1% | 2.1% | 8.4% | 6.9% | 5.0% | 3.1% | 2.5% | 20 of 20 | 100% | 0.8 |
| 423400 | Professional & commercial equipment & supplies | 3.6% | 3.8% | 9.1% | 6.4% | 4.5% | 2.6% | 1.8% | 17 of 20 | 85% | 2.0 |
| 423600 | Household appliances and electrical and electronic goods merchant wholesalers | 2.3% | 4.1% | 8.3% | 5.8% | 4.8% | 2.6% | 2.0% | 14 of 20 | 70% | 2.1 |
| 423800 | Machinery and supply merchant wholesalers | 3.6% | 3.8% | 9.1% | 6.4% | 4.5% | 2.6% | 1.8% | 17 of 20 | 85% | 2.0 |
| 423900 | Miscellaneous durable goods, except recyclable material, merchant wholesalers | 4.7% | 5.0% | 8.9% | 6.6% | 5.3% | 3.6% | 3.3% | 20 of 20 | 100% | 1.4 |
| 423910 | Sporting & recreational goods & supplies | 5.0% | 6.9% | 11.5% | 8.3% | 5.7% | 3.3% | 2.4% | 17 of 20 | 85% | 2.1 |
| 423920 | Toy & hobby goods & supplies | 5.0% | 6.9% | 11.5% | 8.3% | 5.7% | 3.3% | 2.4% | 17 of 20 | 85% | 2.1 |
| 423930 | Recyclable materials | 5.3% | 13.9% | -27.6% | 9.2% | 0.2% | 0.7% | 5.3% | 11 of 20 | 55% | 1.0 |
| 424920 | Books, periodicals & newspapers | 2.9% | 3.6% | 14.3% | 9.1% | 6.2% | 3.4% | 13 of 14 | 93% | 1.1 | |
| 424940 | Tobacco & tobacco products | 10.6% | 10.6% | 11.2% | 9.9% | 8.5% | 6.9% | 5.6% | 19 of 20 | 95% | 1.9 |
| 424990 | Other miscellaneous nondurable goods | 18.1% | 12.8% | 22.7% | 8.1% | 6.1% | 5.3% | 9 of 10 | 90% | 3.4 | |
| 441222 | Boat dealers | 3.1% | 3.4% | 11.4% | 7.4% | 5.9% | 4.1% | 3.4% | 20 of 20 | 100% | 1.0 |
| 441300 | Automotive parts, accessories & tire stores | 1.5% | 1.7% | 3.7% | 3.4% | 2.1% | 1.2% | 1.2% | 16 of 20 | 80% | 1.3 |
| 441310 | Automotive parts and accessories stores | 1.5% | 1.7% | 3.7% | 3.4% | 2.1% | 1.2% | 1.2% | 16 of 20 | 80% | 1.3 |
| 442110 | Furniture stores | 1.1% | 2.1% | 8.4% | 6.9% | 5.0% | 3.1% | 2.5% | 20 of 20 | 100% | 0.8 |
| 442200 | Home furnishings stores | 1.1% | 2.1% | 8.4% | 6.9% | 5.0% | 3.1% | 2.5% | 20 of 20 | 100% | 0.8 |
| 443141 | Household appliance stores | 2.3% | 4.1% | 8.3% | 5.8% | 4.8% | 2.6% | 2.0% | 14 of 20 | 70% | 2.1 |
| 444100 | Building materials and supplies dealers | 5.8% | 2.6% | 0.1% | 9.3% | 6.5% | 4.1% | 10 of 10 | 100% | 1.4 | |
| 444220 | Nursery, garden, and farm supply stores | 5.4% | 5.0% | 9.6% | 10.3% | 8.1% | 4.2% | 9 of 10 | 90% | 1.3 | |
| 446120 | Cosmetics, beauty supplies & perfume stores | 4.8% | 4.8% | 6.4% | 4.1% | 2.8% | 2.0% | 1.5% | 17 of 20 | 85% | 3.2 |
| 446130 | Optical goods stores | 5.7% | 6.4% | 5.5% | 4.5% | 3.5% | 2.1% | 1.9% | 17 of 20 | 85% | 3.0 |
| 446190 | Other health & personal care stores | 2.5% | 2.8% | 10.7% | 7.5% | 4.6% | 3.0% | 3.0% | 19 of 20 | 95% | 0.9 |
| 447100 | Gasoline stations (including convenience stores with gas) | 7.5% | -13.3% | -5.5% | 32.3% | 6.1% | 0.0% | 5.1% | 12 of 20 | 60% | 1.5 |
| 448100 | Clothing stores | 2.6% | 2.9% | 5.2% | 4.9% | 3.1% | 2.2% | 1.8% | 18 of 20 | 90% | 1.4 |
| 448110 | Men's clothing stores | 1.7% | 2.3% | 11.9% | 5.3% | 3.7% | 2.0% | 1.1% | 15 of 20 | 75% | 1.6 |
| 448320 | Luggage & leather goods stores | 7.4% | 7.4% | 2.5% | 3.4% | 2.4% | 2.1% | 1.9% | 18 of 20 | 90% | 3.8 |
| 451110 | Sporting goods stores | 8.1% | 11.5% | 18.6% | 13.1% | 8.8% | 4.7% | 2.7% | 15 of 20 | 75% | 3.0 |
| 451130 | Sewing, needlework & piece goods stores | 3.1% | 3.4% | 6.7% | 7.5% | 4.6% | 3.2% | 3.7% | 19 of 20 | 95% | 0.9 |
| 451140 | Musical instrument & supplies stores | 2.6% | 1.5% | 6.4% | 5.3% | 3.7% | 3.0% | 2.5% | 18 of 20 | 90% | 1.0 |
| 451211 | Book stores | 2.9% | 3.6% | 14.3% | 9.1% | 6.2% | 3.4% | 13 of 14 | 93% | 1.1 | |
| 451212 | News dealers & newsstands | 2.9% | 3.6% | 14.3% | 9.1% | 6.2% | 3.4% | 13 of 14 | 93% | 1.1 | |
| 453200 | Office supplies, stationery, and gift stores | 2.5% | 2.4% | 11.7% | 6.8% | 4.5% | 3.4% | 2.0% | 17 of 19 | 89% | 1.2 |
| 453210 | Office supplies & stationery stores | 3.4% | 3.4% | 7.0% | 5.2% | 3.6% | 2.6% | 1.9% | 20 of 20 | 100% | 1.8 |
| 453910 | Pet & pet supplies stores | 6.4% | 6.5% | 14.1% | 9.5% | 6.5% | 3.6% | 4.2% | 19 of 20 | 95% | 1.5 |
| 454110 | Electronic shopping and mail-order houses | 2.7% | 2.7% | 13.2% | 8.3% | 6.5% | 3.6% | 3.0% | 18 of 20 | 90% | 0.9 |
| 454310 | Fuel dealers | 7.5% | -13.3% | -5.5% | 32.3% | 6.1% | 0.0% | 5.1% | 12 of 20 | 60% | 1.5 |
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