Current industrial reports

MISSING IMAGE

Material Information

Title:
Current industrial reports
Portion of title:
Manufacturers' shipments, inventories, and orders
Physical Description:
v. : ; 28-29 cm.
Language:
English
Creator:
United States -- Bureau of the Census. -- Manufacturers' Shipments, Inventories, and Orders Branch
United States -- Bureau of the Census
Publisher:
U.S. Dept. of Commerce, the Bureau of the Census :
For sale by the Subscriber Services Section (Publications), Bureau of the Census
Place of Publication:
Washington, D.C
Creation Date:
August 1968
Publication Date:
Frequency:
monthly, with annual summary[1976-]
monthly[ former 1963-1975]
monthly
normalized irregular

Subjects

Subjects / Keywords:
Manufacturing industries -- Statistics -- Periodicals -- United States   ( lcsh )
Inventories -- Statistics -- Periodicals -- United States   ( lcsh )
Genre:
serial   ( sobekcm )
federal government publication   ( marcgt )
statistics   ( marcgt )

Notes

Additional Physical Form:
Also distributed to depository libraries in microfiche.
Additional Physical Form:
Some monthly issues also available via Internet from the Census Bureau website as: Highlights from the preliminary report on manufacturers' shipments, inventories, and orders. Address as of 12/17/03: http://www.census.gov/indicator/www/m3/prel/priorrel.htm; current access available via PURL.
Additional Physical Form:
Some annual summaries also available via Internet from the Census Bureau website. Address as of 12/8/2005: http://www.census.gov/prod/www/abs/m3-1.html; current access available via PURL.
Dates or Sequential Designation:
Oct. 1963-
Numbering Peculiarities:
Some annual summaries issued in revised editions.
Numbering Peculiarities:
Each annual summary cumulates previous issues for a period of prior years, i.e., annual summaries for <1976>-197 cumulate from 1958.
Issuing Body:
Prepared by: Bureau of the Census, Industry Division, Manufactures' Shipments, Inventories, and Orders Branch, 1963-1964; issued by: U.S. Department of Commerce, Economics and Statistics Administration, Bureau of the Census, <2000->
General Note:
Title from cover.
General Note:
Some issues not distributed to depository libraries in a tangible format.
General Note:
Paper copy no longer sold by Supt. of Docs., U.S.G.P.O.
General Note:
Latest issue consulted: July 2002.

Record Information

Source Institution:
University of Florida
Rights Management:
All applicable rights reserved by the source institution and holding location.
Resource Identifier:
aleph - 001320832
notis - AGH1708
oclc - 02548418
lccn - 74614399
issn - 0364-1880
Classification:
lcc - HD9724 .U52a
ddc - 380.1/0973
System ID:
AA00008477:00013

Related Items

Preceded by:
Industry survey
Preceded by:
Manufacturers' shipments, inventories, and orders

Full Text
I".

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* 4;*-j. ~*4 w


Induus


trial


rt


manufacturers


' Shipments,

and OrdersA


August 1961

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kijjICjl i *% %** -^1..:44hd ...^ f
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FOR RELEASE: October 2, 1968


NEW ORDERS
New orders of $49.7 billion for manufactured
products in August showed virtually no change from
July new orders of $49.8 billion, after seasonal
adjustment, the Bureau of the Census, U.S. Depart-
ment of Commerce, announced today. The durable
goods sector registered a $200 million increase to
$26.8 billion from $26.6 billion in July which was
offset by a decrease in new orders for nondurable
goods to $23.0 billion from $23.3 billion in July.
(For most nondurable goods industries, new orders
equal shipments.) In the durable goods sector,
significant increases in new orders for the trans-
portation industries more than offset declines in the
primary metals and machinery industries. New
orders for the supplementary series on the machinery
and equipment industries rose to $5.9 billion from
$5.7 billion in July due to increases in orders for
the transportation component of that series. (SEE
CHART 1.)


SHIPMENTS


Manufacturers' shipments in August decreased to
$49.4 billion compared with $51.1 billion in July.
The largest part of the decrease in shipments
occurred in the durable goods sector and resulted
primarily from the sharp drop in shipments of iron
and steel products. August shipments of nondurable
goods decreased slightly to $23.0 billion from $23.2
billion in July. (SEE CHART 2.)


Chart 1- Manufacturers' New Orders (Seasonally Adjusted)
,____________________Billions of Dollars*


Chart 2- Manufacturers' Shipments (Seasonally Adjusted)
_______B__ ___ ______Billions ol Dollars*


The data for August and prior months in this --/
report are based on a revision of the monthly M3 //V Durable Goods
series on shipments, inventories, and orders. ..--'
This is the same basis that was used for the N-'-r-G
-^ ^ ii ^n,/--- -"Nonduirable Goods
advance August report for durable goods. The -
monthly series has now been benchmarked to the
Annual Survey of Manufactures for the years
1961 to 1966andnewseasonal factors calculated.
The revised figures for 1961 to June 1968, the
new seasonal factors, and other analytic
materials were published in a report entitled,
M3-1.1, Manufacturers' Shipments, Inventories,
and yfl ro.. 1Q QA IAR 1--h I I







Chart 3- Manufacturers' Unfilled Orders (Seasonally Adjusted)
Billions of Dollars*


UNFILLED ORDERS

Unfilled orders of'$80.1 billion held by durable
goods manufacturers at the end of August showed a
moderate increase from the end ofJulytotalof $79.7
billion. The substantial decline in shipments of


durable


goods


coupled


with the slight increase in


backlog resulted in an increase of the unfilled
orders-shipments ratio for'durable goods from 3.17
in July to 3.40 in August. (SEE CHART 3.)


INVENTORIES

Total inventories held by all manufacturers at the
end of August increased on a seasonally adjusted
basis by $1 billion from the July 31 total to $86.9


billion.


As a result of the increase in inventories


and the decline in shipments, the inventory-sales
ratio increased to 1.76 in August compared with 1.68


in July.


The inventories of durable goods manu-


facturers increased approximately $700 million to
$56.1 billion at the end of August compared with $55.5
billion at the end of July withtheprincipal increases


in primary
portation.


metals, fabricated metals, and trans-
Inventories of nondurable goods manu-


facturers increased $300 million to $30.7 billion from
$30.4 billion in July with the food and textile sectors
recording the largest monthly increases. Increases
occurred in all stages of fabrication for both durable
and nondurable stocks. (SEE CHART 4.)


iltI


Chart 4-


' Durable Goods


*Semi log.scale
,. l II ,i


Total Inventory


lIltI


1967

(Seasonally Adjusted)


Billions of Dollars*


NEW DEFENSE PRODUCTS SERIES


This


report


includes


for the first time a new


defense products series based on separate reports
filed by large defense contractors. It differs from
the old series in that it includes defense activity in


shipbuildin1
ordnance,


aircraft


and excludes


nondefense work in the


communications, complete aircraft, and


parts


industries.


A footnote


in table


describes the composition of both the new and old


series,


and the appendix


table


provides data for


January through August 1968. The defense products
data in this new series cover work for the Depart-


ment


of Defense


and exclude


contracts


for the


National Aeronautics and Space Administration and


the Atomic Energy Commission.


new series


revision


as reporting


are preliminary


coverage


The statistics in


and subject


improves.


g








, INVENTORIES, AND ORDERS, BY INDUSTRY GROUP


(Millions of dollars)
Without seasonal Without seasonal
Seasonally adjusted adjust ent1 Seasonally adjusted adjustment
adjustment ajsmn
Industry group
Aug. July June Aug. July Aug. Aug. July June Aug. July Aug.
1968 1968r 1968 1968 1968 1967 1968 1968 1968 1968 1968 1967


All manufacturing industries:
Total.................c.........
Total, excluding transportation.


Durable


industries


Stone, clay, and


total ....


glass products..


Primary metals, total............
Blast furnaces, steel mills....
All other primary metals.......
Fabricated metal products, total.
Metal cans, barrels, and drums.


tehinery,


except


electrical, total..


Engines and turbines....................
Farm machinery and equipment............


Construction


, mining, and material


handling equipment.....................


Metalworking


General industrial machinery............
Electrical machinery, total..............
Electrical transmission and distribution
equipment and industrial apparatus.....
Household appliances, including radio
and T.v...... ...... ........ .... .
Communication equipment.................
Transportation equipment, total..........
Motor vehicles and parts.............


Aircraft,


missiles,


and parts .....


Instruments and related products.....


All other durab


Nondurable


le goods i

industries


Food and kindred products,
Meat products...........


ndustries...


* *4~~*&*~
* 4 & *


Tobacco products..........................
Textile mill products.....................
Paper and allied products, total..........


Pulp, paper,


etc.......


Chemicals and allied products, total.


Industrial chemicals,


except


pigmen


Petroleum and coal products...........


Rubber and plastles products,


All other nondurable


All manufacturing


Durable


n.e.c...
dustries.


industries:


Total .... ......................
Total, excluding transportation.
goods industries, total.........


Primary metals,


Blast furnaces, steel millst..........
Fabricated metal products...............


Machinery,


except


electrical


total.....


Engines and turbines.......... ..........
Construction, mining, and material
handling equipment......................
Metalworking machinery ..... ............ .
General industrial machinery............
Electrical machinery, total..............
Electrical transmission and distribution


equipment


and industrial apparatus.....


Household appliances, including radio
and Tv.,.,.........,..
Communication equipment...............
Transportation equipment, total.........


Aircraft,


missiles,


All other durable good


Nondurable


and parts........
s industries......


goods industries, total........


Industries with unfilled


orders.........


Industries without unfilled orders......


Shipments


49,385
42,871
26,337
1,312


49,7291


5,04

22,951
6,092
16.859


51,073
44,277
27,859
1,280
4,741
2,720
2,021
2,898
289
4,740
3g2


49,829
43,432
26,573
3,859
1,791'
2,755
4,923
439

666
374
431
3,476

684

731
946


6,801
3,879
2,468
944
2,861

23,096
7,499
1,735


42,972


47,378
41,292
25,612
1,297


828
2,684

20.980


Total inventories


30,715
7,494
712


85,829
72,335
55,461
1,997


6,077
665
11,132
819
930

1,910
1,017
902
8,463

1,820

1,887
2.481


85,582
71,979
55,442
1.957


140 30,420


New orders Unfilled orders


49,850
43,591
26,701


48,341
42,679
25,102


5,277

23,239
6,207
17,032


45,094
40,310
24,082


80,125


8.752


12,803


84,048
51,281


80,970 80,615


,>'pf
8,895
14,225
3,891

1,604
1,889
1,371
12,829

3,281

652
5.123


9,078


8,893
14,379
3,904

1,618
1,911
1,381
12,939

3,342

683
5,076
32,349
26,876
5,838

3,176
3,176
-I


I I


goods


goods


goods


in


S I


I








Table 2.--VALUE OF MANUFACTURERS' SHIPMENTS, INVENTORIES, AND ORDERS, FOR MARKET CATEGORIES AND SUPPLEMENTARY SERIES
(Millions of dollars)


Industry group


All manufacturing industries, total.


Durable goods industries, total....
Nondurable goods industries, total.


Industry groups arranged by
categories:
Home goods and apparel...
Consumer staples.........
Equipment and defense pro
automotive..............
Automotive equipment.....
Construction materials, s
intermediate products...
Other materials and supply
intermediate products...

Supplementary series:2
Consumer durable goods irn
Machinery and equipment i
Defense products industry
Defense products (new ser


. .... .
*. .


market


ducts,


supplies,


except


* .
and


ies and
* 4*... **. .. .... .


dustrje{
ndustrle
es (old
ies)*...


All manufacturing industries,


Durable goods industries
Nondurable goods industry
Industry groups arranged
categories:
Home goods and apparel
Consumer staples......


* .
S.......
series).




total..


, total...
ies, total


by market

. .. ..*. *4 .4.* *


Equipment and defense produce
automotive-.................
Automotive equipment.......
Construction materials, supp
intermediate products......
Other materials and supplies
intermediate products......


except


and


***and
and
*. .. .. .


Supplementary series:2
Consumer durable goods industries........
Machinery and equipment industries.......
Defense product industries (old series)..
Defense products (new series)*t..........


Seasonally


adjusted


Without seasonal
adjustment1


Shipments


49,385


51,073


50,729


47,898


44,823


Seasonally


adjusted


Without seasonal
adjustment


Total inventories


86,857


4,662 9
8.900 11


3,885

17,681


New orders


49,729
26,773
22,951


4,682
9,740

8,083
4,280

4,109

18,835


49,829


49,850


4,080


48,341


19,126


45,094


6,966

31,965


4,499
13,846
11,141
7,060


26,351


8,853
11,532

21,769
5,042

6,754

31,632


4,344
14,000
10,945
7,105

Unfilled

84,048
80,970
3,078



2,170


45,538

9,230

27,110

1,720
20,823
33,151
21,095
1.i


6,932

31,883


4,489
13,766
11,116
7,042

orders

83,665


85,314
55,128
30,186


9,211
11,332

21,516
4,758

6,919

31,578


4,537
13,763
10,972
7,001
V-


83,220
80,044
3,176



2,271


45,301

9,341

26,307


81,395


8,515
10,969

20,157
4,709

6,388

30,657


4,245
13,431
9,807
(NA)


Preliminary.
ventories as of end


"Shipments


rRevised.
of month.


and new


2The supplementary


orders
series


adjusted


trading-day


and calendar month variation; unfilled orders and in-


are regroupings of the separate industry


categories as


follows:


Consumer durable goods industries Household furniture; kitchen articles and pottery; cutlery, handtools, and hardware;
household appliances; ophthalmic goods, watches, and clocks; and miscellaneous personal goo
Machinery and equipment industries Machinery, except electrical (excluding farm machinery and equipment and machine shops),
electrical machinery (excluding household appliances, communication equipment and
electronic components), shipbuilding and repairing, and railroad and street car equipment.
Defense products industries (old series) Communication equipment, complete aircraft, aircraft parts, and ordnance. (Thus the
Defense industries series includes significant amounts of nondefense work in these


Defense products


(new series


industries and omits defen
) Based on separate reports on defense w
industries: ordnance, communications
Thus, it differs from the old series
excludes nondefense work in ordnance,
data are comparable to those published
for the specified industries. The la
scheduled for publication by the end


se
or:
,
in
c
Hd
ite
of


work performed in other
k filed by large defense
complete aircraft, aircr
that it includes defense
communications, complete
annually in the MA-175,
st report in the MA-175
1968. The data for the


industries.)
contractors in
aft parts, and
e activity in s
aircraft, arna a
Shipments of De
series covers 1
new series hav


the following
shipbuilding.
hipbuilding and
aircraft parts. The
fense-Oriented Industries,
966 with 1967 data
e been compiled beginning


with Jan
on page


*During 1968 manufactures
figures on shipments, orders
in these new defense series.
has been seasonally adjusted


1968, and the information for the months prior to July 1968 are shown in the special table


in ordnance, communications, aircraft and aircraft parts, and shipbuilding industries began to provide aggregate
, and total inventories of work performed for Department of Defense. The results of these reports are included
Since there is no historic data available to develop separate seasonal factors for these reporters, the data
using the factors of these industries.


ds.








Table 3.--MANUFACTURERS' SHIPMENTS, INVENTORIES, AND ORDERS MONTH-TO-MONTH AND LONG


Item and industry group


Shipments all manufacturing industries.....
Durable goods industries......,.,........
Nondurable goods industries.....,,......
Total inventories all manufacturing
industries...*-. ..... *. **..... .... .--* ..
New orders, all manufacturing industries....
Durable goods industries................
Nondurable goods industries.............


Unfilled orders durable


goods


industries.


(Based on seasonally adjusted data)


Month-to-n~onth-l96S


-1.6


Average,


Average
rise


+0.7


+1.3


1962-1967


Average
decline


-0.2


-0.7


Average monthly rates


3 months

May-
AuE. 1968


-0.7


6 months


of change


12 months


Table 4,--RATIO OF MANUFACTURERS' INVENTORIES TO SHIPMENTS AND UNFILLED ORDERS TO SHIPMENTS, BY INDUSTRY GROUP
(Based on seasonally adjusted data)


ventors sp t ratio _Unfilled orders shipments ratio
Inventories shipments ratio ,
(months' backlog)
Industry group
Aug. July June Aug. Aug. July June Aug.
1968p 1968r 1968 1967 1968 1968 1968 1967


All manufacturing industries, total................. 1.76 1.68 1.69 1.76 2.79 2.64 2.72 2.84

Durable goods industries, total........................... 2.13 1.99 2.01 2.05 3.40 3.17 3.28 3.40
Stone, clay, and glass products......................... 1.53 1.56 1.55 1.60 (NA) (NA) (NA) (NA)
Priiary metals.............*......................... .... 2.02 1.53 1.63 2.01 1.51 1.20 1.43 1.70
Fabricated metals....................................... 2.22 2.10 2.12 2.06 3.60 3.35 3.53 3.41
Machinery, except electrical............................ 2.30 2.35 2.34 2,42 2.95 3.04 3.00 3.30
Electrical machinery-.................................. 2.41 2.42 2.32 2.33 3.63 3.65 3.56 3.76
Transportation equipment................................ 2.11 1.99 2.00 1.82 7.71 7.11 7.48 6.79
Instruments and related products........................ 2.14 2.22 2.16 2,33 (NA) (NA) (NA) (NA)

Nondurable goods industries, total........................ 1.33 1.31 1.30 1.40 0.49 0.50 0.50 0.53
Food and kindred products............................... 0.99 0.95 0.97 1.02 (X) (X) (X) (X)
Tobacco products............................................ .... 5.39 5.58 5.71 5.60 (X) ) () (X) (X)
Textile mill products............ .................. .. 1.91 1.82 1.91 2.00 (NA) (NA) (NA) (NA)
Paper and allied products............................... 1.15 1.14 1.14 1.26 (NA) (NA) (NA) (NA)
Chemicals and allied products........................... 1.44 1.47 1.43 1.54 (X) (X) (X) (X)
Petroleum and coal products............................. 1.11 1.12 1.06 1.09 CX) (X) X) (X) (X)
Rubber and plastics products, n.e.c..................... 1.49 1.41 1.43 1.46 (X) (X) (X) (X)


PPreliminary. (NA) Not available.
rRevised. (X) Not applicable.
Excludes the following industries vith no unfilled order
motor vehicle assembly operations; foods and related products
ucts; and rubber and plastics products, n.e.c.


backlogs:
; tobacco;


Wooden containers; glass containers; metal cans, barrels and drums;
apparel and related products; chemicals; petroleum and coal prod-








Table 5.--VALUE OF MANUFACTURERS' INVENTORIES, BY STAGE OF FABRICATION, BY INDUSTRY GROUP
(Millions of dollars)

Without seasonal eaoly. Without seasonal
Seasonally adjusted adjustment Seasonally adjustedadjustment
Indus try group
Aug. July June Aug July Aug. Aug. July June Aug. July Aug.
1968 1968 1968 1968 1968r 1967 1968 1968 1968 19681 1968 1967

Total materials and supplies


All namwvacturing indu.tr ies, total.. 86,857 85,829 85,582 86,388 85,314 81,395 28,466 28,119 27,831 28,441 27,823 26,904

Durable geous Industries, total............ 56,142 55,461 55,442 55,968 55,128 52,630 16,926 16,753 16,498 17,128 16,581 15,705
Stone, clay, and glass produU;........... 2,007 1,997 1,957 1,979 2,001 1,944 667 658 636 666 657 623
Primary metals............................ 7,427 7,255 7,506 7,395 7,191 7,556 2,856 2,833 2,832 2,915 2,821 2,908
Machinery (electrical and nonelectrical).. 19,623 19,595 19,459 19,501 19,523 18,838 4,993 4,907 4,876 5,036 4,978 4,813
Transportston equipment.................. 13,758 13,494 13,603 13,740 13,121 12,313 3,461 3,450 3,379 3,493 3,134 3,084
All other durable goodis industries........ 13,327 13,120 12,917 13,353 13,292 11,979 4,949 4,905 4,775 5,018 4,991 4,277

Nondurable goods industries, total.......... 30,715 30,368 30,140 30,420 30,186 28,765 11,540 11,366 11,333 11,313 11,242 11,199
Chemicals ana allied proucts............. 5,740 5,708 5,664 5,706 5,690 5,466 2,013 1,993 1,975 2,009 2,003 1,969
Petroleum Rubber and plastics products, n.e.c....... 1,757 1,704 1,693 1,731 1,682 1,570 547 542 546 566 556 588
All other nondurable goods industries.... 21,152 20,909 20,762 20,903 20,757 19,793 8,555 8.419 8,407 8,311 8,263 8,230

Work in process Finished goods


All manufacturing industries, total... 30,192 29,919 30,109 30,172 29,851 28,269 28,199 27,791 27,642 27,775 27,640 26,222

Durable goods industries, total............. 25,478 25,237 25,490 25,416 25,139 23,837 13,738 13,471 13,454 13,424 13,408 13,088
Stone, clay, and glass products ........... 301 300 291 293 304 289 1,039 1,039 1,030 1,020 1,040 1,032
Primary metals .............................. 2,450 2,387 2,505 2,420 2,368 2,557 2,121 2,035 2,169 2,060 2,002 2,091
Machinery (electrical and nonelectrical).. 9,186 9,273 9,260 9,159 9,183 8,909 5,444 5,415 5,323 5,306 5,362 5,116
Transportation equipment.................. 9,018 8,845 9,044 9,002 8,805 8,031 1,279 1,199 1,180 1,245 1,182 1,198
All other curable goods industries........ 4,523 4,432 4,390 4,542 4,479 4,051 3,855 3,783 3,752 3,793 3,822 3,651

Nondurable Coods industries, total.......... 4,714 4,682 4,619 4,756 4,712 4,432 14,461 14,320 14,188 14,351 14,232 13,134
Chemicals and allied products............. 862 869 852 863 867 800 2,865 2,846 2,837 2,834 2,820 2,697
Petroleum and coal products............... 449 450 453 457 461 430 1,192 1,185 1,163 1,196 1,176 1,094
Rubber and plastics products, n.e.c....... 316 302 303 318 299 288 894 860 844 847 827 694
All other nondurable goods industries..... 3,087 3,061 3,011 3,118 3,085 2,914 9,510 9,429 9,344 9,474 9,409 8,649


PPreliminary .
rRevised.


Appendix.--VALUE OF MANUFACTURERS' SHIPMENTS, INVTENTORIES, AND ORDERS OF DEFENSE PRODUCTS (NEW SERIES):


1968


Industry group January Februay March April May June July August

Seasonally adjusted:

Shipments................................. 1,930 2,003 2,050 1,928 1,948 1,905 2,217 1,820

Inventories.............................. 6,686 6,696 6,677 6,862 7,025 7,105 6,987 7,060

New Orders................................ (NA) 1,595 1,311 1,466 2,268 2,059 1,914 2,337

Unfilled orders........................... 22,289 21,822 21,083 20,622 20,941 21,095 20,792 21,309

Viithout seasonal adjustment:

Shipments................................. 1,795 2,120 2,134 1,951 1,957 1,997 2,028 1,753

Inventories...........................".... 6,642 6,685 6,728 6,963 7,078 7,186 7,001 7,042

New Orders................................ (NA) 1,438 1,430 1,472 2,036 2,360 1,964 2,348

Unfilled ord rs........................... 22,266 21,584 20,879 20,400 20,480 20,843 20,779 21,374


Note: A description of this


shovn i~n


footnote 2


table 2


available.








Current


U.S.


Data


etense


on

Icti


and its impact on the natimd economy


The principal time


series


on defense activity which


influence short-term changes in the national economy are now
available in a new monthly report from the Bureau of the
Census.
Defense Indicators includes data on the following meas-
ures of defense activity:


* Obligations
* Contracts


Orders
* Expenditures


* Shipments
SInventories


* Employment
Earnings


Recommended by an interagency committee established
by the Bureau of the Budget, the new report presents data
compiled by the Department of Defense, the Bureau of Labor
Statistics, the Bureau of the Census, the Treasury Department,
and the Office of Business Economics. With the exception of a


few quarterly


series,


the measures


are updated monthly.


The approximately 30 time series included


are grouped


in accordance with the time at which the activities they meas-
ure occur in the defense order-production-delivery process.
The measures are presented graphically in three charts to
facilitate interpretation:
*Comparison of National Defense Purchases with
Total Gross National Product
Advance Indicators of Defense Activity


SIntermediate


and Final


Indicators


of Defense


Activity
Analytical tables provide the original and seasonally adjusted
basic data in monthly, quarterly, and annual form. Descrip-
tions and definitions of the time series are also included.
Defense Indicators is available from the Superintendent
of Documents, Government Printing Office, Washington, D.C.,
or any Department of Commerce field office, at $4.50 per year.
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