Current industrial reports

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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:
January 1970
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:
AA00008477:00029

Related Items

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

Full Text
C3~


A UNITED STATES
DEPARTMENT OF
COMMERCE
PUBUCATION


CURRENT INDUSTRIAL


Manufacturers


Inventories,


REPORTS


Shipments,


and


Orders


U.S. DEPARTMENT OF COM


E/ Bureau


FOR RELEASE:


March 4, 1970


New orders for manufactured products in January
declined $1.5 billion to $53.8 billion, after seasonal
adjustment, the Bureau of the Census, U.S. Depart-
ment of Commerce, announced today. This 2.8 per-
cent decline in new orders continued the declines
of the last two months. Shipments at $55.2 billion
declined $100 million from December. The backlog
of unfilled orders at $88.3 billion declined $1.4
billion from December. Manufacturers' inventories
continued to rise with an increase of $300 million
or 0.3 percent to a total of $96.2 billion from $95.9
billion at the end of December. The inventories
to shipments ratio increased slightly to 1.74 in
January from 1.73 in December since inventories
increased while shipments decreased slightly.

For the 3 months ending in January, the average
monthly change in new orders was a decrease of
1.9 percent compared with an increase of 0.7 per-


WIES: M3-1(70)-1


s New Orders


-. --,


- # a -


fable Goods


,-I
--odab oo
Nondurable Goods


Adjusted)
Billions of Dollars'
-.45


for the 3


months


ending


in October and an


increase of 0.7 percent for the 3 months ending in
July. The average monthly change in new orders
for the last 12 months has been an increase of 0.1
percent.

NEW ORDERS


New orders for durable goods declined $1.6
billion or 5.2 percent from the December total of
$30.3 billion (revised). In the transportation in-
dustry, new orders declined $800 million as both the
aerospace and automotive segments declined. New
orders in the electrical machinery industry declined
$500 million, reflecting a significant drop in the
communications industry. The fabricated metals
industry declined $300 million to $3.0 billion, but


the primary metals industry
unchanged at $4.8 billion.


Among
durables


the supplementary
(formerly titled con


remained


series,


summer


virtually


household


durables)


$1.9 billion and machinery and equipment (producers'
capital goods) at $6.4 billion each declined $100


million
=A J.1


from December.


New orders for defense
t .t ft ann *j -n *nI


Chart 2 Manufacturer's Shipments (Seasonally Adjusted)
Billions of Dollars*
_--------_---,-------- 85
80
75
70
65


January


1970


cent


^ I <


I









2
SHIPMENTS


A decrease of $200 million in the shipments of
durable goods to $30.0 billion in January was partially
offset by an increase in the shipments of nondurables


of $100 million to $25.2 billion.


Changes in ship-


ments of durable goods were mixed across industry
lines as increases of $200 million in primary metals
and $400 million in nonelectrical machinery were
offset by an $800 million decline in transportation.
Although all segments of the transportation industry


shared in the decline,


decline,
mixed


the aerospace sector led the


The pattern in nondurable goods was also


as decreases in foods and chemicals were


more than offset by increases in other nondurable


goods industries.


(SEE CHART 2)


UNFILLED ORDERS


Unfilled orders of durable goods at
were $1.3 billion or 1.5 percent belov


at the end of December.


$85.4 billion
& the backlog


Declines in backlog were


Chart 3


- Manufacturer's Unfilled Orders (Seasonally Adjusted)


,I .I. ,I .I 1,I t l I'I,


Durable Goods


kIlkIl~, I


Billions of Dollars*


*Semilog. scale
,,II I ,, Ii I I I ,


general.
declined


The backlog of orders in primary metals
$300 million to $7.4 billion at the end of


January, and the backlog of transportation equipment


declined
billion


I


million


to $31.0 billion from $31.6


at the end of December.


CHART


INVENTORIES


Inventories


the durable


increased $400 million to


goods


industries


$64.0 billion from $63.6


billion in December, but those in the nondurable goods
industries decreased $200 million to $32.2 billion at


the end of January.


The dollar gains in stocks of


durables were widespread whereas the pattern was
mixed among the nondurable goods industries. In-
creases occurred in all stages of fabricationalthough
work-in-process inventories accounted for almost
$200 million of the overall rise of $300million.

The figures on the durable goods industries in


report


supersede those issued earlier in the


advance report on durable g


is based


on a tabulation


oods. The advance report
of early reports and is


limited to statistics on shipments, new orders, and
unfilled orders for a few broad industry categories.


present


reporting,


report


but the


t is based
estimates


on more complete
are also considered


preliminary. Final figures will appear as his-
torical data in the report to be published for next
month.

For an explanation of terms used in this report
see appendix following table 5.


Chart 4


Total Inventory (Seasonally Adjusted)


Total


Durable Goods


-- '
-adm
SleNGoods


iii liii ii


Billions of Dollars*
- ,120


*Semilog. scale

,, I l, l I I i l t 1 .1tEI


*






SERIES:


M5-1(


Attachment


U.S. DEPARTMENT OF COMMERCE
Bureau of the Census
Washington, D.C. 20233


NOTICE


Manufacturers


' Shipments,


Inventories


and Orders


Survey


January


1970


1969

s 2


January


and in table


figures.


in the Februar


data

and 5


correct

y 1969


in table


for

data


report


all items

without

t Series


shipm

are th


season


M3-1(69)-2.


A

































Digitized by the


Internet Archive


in 2011 with funding from
University of Florida, George A. Smathers Libraries with support from LYRASIS and the Sloan Foundation












OF MANUFACTURERS'


(Millions


of dollars)


Without seasonal Without seasonal
Seasonally adjusted adjustment Seasonally adjusted adjustment
adjustment adjustment
Industry group Jan. Dec. Nov. Jan. Dec. Jan. Jan. Dec. Nov. Jan. Dec. Jan.
1970p 1969r 1969r 1970 1969r 1969 1970p 11969r 969r 1970p 1969r 1969


All manufacturing


Total,


Durable
Stone,


excluding


industries:


transportation.....
total.............


goods industries,


clay, and glass products..........


Primary metals,
Blast furnaces


All other


Fabricated metal


total ................... .
, steel mills.............
mary metals................


products,


Metal cans, barrels,


machinery,


Engines


except


electric


total..........
drums..........
l1, total......


and turbines....................


Farm machinery
Construction,


and equipment............


mining,


and material


handling


Metalworking machinery..................


General im
Electrical m
Electrical
equipment


Household


Cojmunicatlon
Transportation


vehicles


Aircraft,
Instruments


dustrial
achinery,


transmission a
and industrial


appliances,


nd distribution
apparatus.....


including


equ11~flent


equipment,


and parts...............


missiles,
and relate


All other durable


Nondurable


goods industry


Food and kindred


and parts...........
d products..........
Is industries........

ies, total.........
lets, total ...... .. .


Meat products.,,..... ........ ... ....* .


Tobacco
Textile
Paper an


products .... .... .. ... ,, ..... .
mill products..... .......,.....


allied


products,


Pulp, paper,


Chemicals an
Industrial
Petroleum an
Rubber and p


d allied products,
chemicals, except


totals......
pigments..


d coal products...............


lastics


All other nondurable



All manufacturing


Total,


Durable g
Primary


excluding


goods industries,


product
goods


s, n.e.c.......
industries..,..


industries:


transportation.....
total.............


metals,


Blast furnaces


Fabricated
Machinery,


Faigines


metal
excep


electrical,


and turbines.... ............ ..


Construction,


mining,


and material


handling equipment .............. .,,.
Metalworking machinery.............,...


General


Electrical
Electric
equipmer


Household


Transportation


Aircraft,


industrial


machinery .,.. ........


machinery, total
Ll transmission a
it and industrial


appliances,


equipment,
smiles, and


All other durable


nd distribution
apparatus.....


including


total..........
parts...........


goods industries........


Sbipnents


53,826
47,629
28,727
4,793
2,086
3,038
5.458
535

768
319
502

3,622

665

658
1,067
6,197
2,060
5,619


55,362
48,367
30,295
4,760
2,007
3,384
5,548
619

677
264
576

4,110

826

694
1,402
6,995
2,728

5,498


55,185
48,394
30,012
1,500
5,109
2,462
2,647
3,262
333
5,605
467
492

793
358
528
3,536

650

669
1,076
6,791
3,641
2,566
1,170
3,039
25,173
8,463
1,774
458
1,785
2,311
957
4,073
1,426
2,233
1,365
4,485


55,988
48,068

30,944
1,459
5,013
2,338
2,675
3,180
295
5,471
388
467

670
330
528
3,739

706

694
1,084
7,920
4,044
3,200
1,186
2,976
25,044
8,390
1,780
436
1,774
2,292
973
4,255
1,453
2,155
1,449
4,293


53,914
45,864
30,067
1,335
4,651
2.121
2,530
3,142
256
5,319
544
393

598
342
490
3,699

668

658
1,163
8,050
3,865
3,465
1,213
2,658
23,847
8,414
1,790
431
1,647
2,187
959


Total inventories


51,642
45,002
27,861
1,270
4,906
2,354
2,552
2,927
266
5,080
356
458

709
320
476
3,284

587

607
990
6,640
3,701
2,403
1,035
2,719
23,781
8,099
1,765
415
1,633
2,202
921
3,880
1,340
2,190
1,287
4,075


95,905
80,344
63,550
2,483
8,052
4,312
3,740
6,613
665
13,180
983
944

2,245
1,123
1,102
9,346

1,943

2,084
2,774
15,561
4,156
9,547
2,476
5,839
32,355
7,230
804
2,200
3,501


96,165
80,552
63,984
2,488
8,170
4,330
3,840
6,765
758
13,210
982
946

2,225
1,112
1,109
9,460

1,948

2,168
2,802
15,613
4,186
9,502
2,449
5,829
32,181
7,231
806
2,165
3,448
2,655
1,032
6,591
2,266
2,283
1,927
5,881


95,416
80,028
63,076
2,471
8,009
4,272
3,737
6,550
681
13,080
983
940

2,210
1,096
1,084
9,327

1,919

2,135
2,741
15,388
4,063
9,425
2,434
5,817
32,340
7,302
761
2,233
3,447


96,379
80,722
63,852
2,493
8,282
4,439
3,843
6,668
712
13,241
985
980

2,254
1,108
1,103
9,306

1,951

2,101
2,751
15,657
4,261
9,468
2,399
5,806
32,527
7,448
849
2,302
3,439
2,620
1,024
6,674
2,311
2,260
1,936
5,848


New orders Unfilled orders


56,242
47,813
31,188
4,751
2,190
3,276
5,453
389

692
341
510

3,619

688

622
1,111
8,429
3,279
5,660


51,235
45,148!
27,514
4,927
2,241
2,998
5,146
428

737
299
480

3,342

605

634
970
6,087
1,944
5,014


53,424
46,291
29,612
4,683
2,044
-3,153
5,506
651

619
287
541

4,045

820

658
1,346
7,133
2,774
5,092


53,119
45,632
29,684
4,675
2,124
2,755
5,350
494

696
340
472

3,581

627

745
1,020
7,487
2,690
5,836


88,349
57,339
85,377
7,408
3,544
10,631
17,096
4,886

2,178
1,758
1,663

13,597

3,523

582
5,555
31,010
23,706
5,635


89,714
58,109
86,668
7,726
3,921
10,854
17,243
4,820

2,204
1,797
1,689

13,512

3,508

593


- -


89,583
57,383
86,530
7,909
4,267
10,684
16,926
4,661

2,178
1,846
1,620

13,013

3,342

570
5,255
32,200
24,615
5,798


88,008
56,987
85,098
7,524
3,651
10,518
17,055
4,851

2,155
1,758
1,646

13,461

3,496

577
5,533
31,021
23,704
5,519


95,475
79,989
63,106
2,431
8,244
4,502
3,742
6,430
595
13,142
967
961

2,268
1,101
1,099
9,193

1,940

2,016
2,727


3


5,486
4,181
9,460
2,420
5,760
:2,369
7,506
775
2,279
3,417
2,613
1,024
6,635
2,300
2,262
1,882
5,775


88,412
56,839
85,445
7,501
3,764
10,446
16,993
4,781

2,127
1,779
1,643

13,401

3,477

550
5,553
31,573
24,163
5,531


89,179
75,052
57,789
2,293
7,633
4,120
3,513
6,204
609
11,561
859
963

1,990
1,012
971
8,422

1,791

1,808
2,530
14,127
4,385
8,110
2,193
5,356
31,390
7,490
721
2,359
3,500
2,370
934
6,060
2,059
2,047
1,818
5,746


87,126
53,232
84,150
6,596
3,229
9.799
14,885
4,099

1,715
1,747
1,482

13,035

3,249

573
5,492
33,894
26,954
5,941


priml


and


radio


Motor


good


produ


p


radio


mis


2,632
1,017
6,634
2,286
2,274
1,888
5,996


id


>t


1















Table 2.--VALUE


(Millions of


dollars)


Industry


All manufacturing


Durable


goods industries,


Nondurable goods industries,


Industry


groups


categories:
Home goods


group


industries,


total..


total.


total.


arranged by market


and apparel..


Consumer staples........


* ..........................* ..
. .


Equipment and defense products, except


automotive.............
Automotive equipment....


.. .


Construction materials, supplies,


intermediate


and


products..


Other materials and supplies and
intermediate products................

Supplementary series:
Household durable goods industries... .
machinery and equipment industries....


Defense
Defense


products
products


industries

knew series)>


All manufacturing


Durable


goods industries,


industries


* total..


total


Nondurable goods industries,


Industry


groups


arranged


categories:
Home goods and appare
Consumer staples.....
Equipment and defense
automotive..........
Automotive equipment,
Construction material
intermediate product


total,.

market


S. .. ...........


products


, except


... ... .. .


, supplies,


and


Other materials and supplies and
intermediate products..........


Supplementary series:2
Household durable goods industries.-.....
Machinery and equipment industries......


Defense


products


industries


Defense products

(old series


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


Seasonally


adjusted


Without seasonal
adjustment'


Seasonally


adjusted


Without


seasonal


adjustment


Jan. Dec. NJan. an. Dec. Jan. Jan. Dec. Nov. Jan. Dec. Jan.
1970 1969r 1969r 1970p 1969r 1969 1970P 1969r 1969r 1970p 1969r 1969

Shipments Total inventories

55,185 55,277 55,988 51,642 53,914 52,801 96,165 95,905 95,416 96,379 95,475 88,905

30,012 30,201 30,944 27,861 30,067 29,325 63,984 63,550 63,076 63,852 63,106 57,879
25,173 25,076 25,044 23,781 23,847 23,476 32,181 32,355 32,340 32,527 32,369 31,026



4,489 4,505 4,354 3,989 4,002 4,849 9,826 9,922 9,988 9,698 9,562 9,360
10,875 11,035 10,827 10,343 10,696 9,945 12,113 12,084 12,152 12,413 12,381 11,696

9,130 9,146 9,459 8,277 9,682 8,764 25,879 25,865 25,587 25,791 25,639 22,475
4,212 4,332 4,647 4,230 4,395 4,642 5,305 5,277 5,157 5,412 5,304 5,281

4,554 4,537 4,595 3,864 4,152 4,444 8,018 8,001 7,939 7,989 7,870 7,538

21,925 21,722 22,106 20,939 20,987 20,157 35,024 34,756 34,593 35,076 34,719 32,555


1,943 1,984 1,951 1,770 1,852 2,153 5,167 5,092 5,166 5,084 4,965 4,579
6,386 6,179 6,432 5,788 6,393 6,102 16,422 16,305 16,240 16,386 16,223 14,308
3,930 4,518 4,549 3,658 4,905 3,971 13,146 13,204 13,056 13,057 13,049 11,571
1,804 2,284 2,244 1,681 2,473 1,875 7,512 7,472 7,615 7,461 7,387 7,227


New orders Unfilled orders


53,826

28,727
25,099



4,442
10,867

8 855
4,095

4,154

21,413


1,897
6,379
3,413
1,867


55,362


56.242


4,708

21,631


51-235


53.424


53.119


88&349


20,419


88,008

85,098
2,910




1,939


47,961


10,325

27.783


88.412


* During


1968 manufacturers in ordnance, communications, aircraft


and aircraft parts,


and shipbuilding industries


began to provide aggregate


figures on shipments, orders, and total inventories of work performed for


the Department


of Defense.


The results


of these reports are


included


in these new defense series
data have been seasonally


s. Since there is no historical data available to develop separate seasonal factors
adjusted using the factors of these industries. Preliminary. Revised. 'Sh


for these reporters,


ipments and new


orders ad-


ousted for trading-day and calendar-month variations; unfilled orders and inventories as of
regroupings of the separate industry categories as follows:


end of month.


'The supplementary series are


Household durable goods industries


- Household


furniture; kitchen articles and pottery;


cutlery,


handtools


and hardware;


household


appliances; ophthalmic goods,


watches, and clocks; and miscellaneous personal goods.


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),
repairing, and railroad and street car equipment.


shipbuilding


Defense products industries


old series)


- Based on reports for companies classified in the communication


equipment,


complete


craft, aircraft parts, and ordnance industries.


(Thus, this series includes


significant


amounts


of nondefense work in these


industries and omits defense work performed in the shipbuilding industry.)


Defense products


new series)


- Based on separate reports on defense


work filed by large defense contractors in the following


industries:


ordnance, communications, complete aircraft, aircraft parts, and


shipbuilding.


Thus, it


differs


from the old


series


in that it includes defense activity in shipbuilding and excludes nondefense work in ordnance,


The data are comparable to those published annually in


communications, complete
pments of Defense-


air-


Shi














Table 3.--MANUFACTURERS'


snhiq~iEwrs,


INVENTORIES,


AND ORDERS


MONTh-T0-~flH


AND LONG TERM PERCENT


CHANGES


(Based


on seasonally


adjusted


Item and industry


Shipments:
All manufacturing


Durable
Nondurab


group


industries.......


goods industries, to
le goods industries,


Total inventories:
All manufacturing
New orders:
All manufacturing


Durable go
Nondurable


Unfilled
Durable


tal.......
total....


industries.


industries.


ods industries,


total


goods industries,


total.


orders:


goods


industries


Month-to-month


c ..1969
n. 1970


40.3


-1.3


+0.5


-1.8


0.5


Average


monthly


rates of change


3 months


-1.1


+0.4


41.3


40.8


12 months


40.4


40.6


40.1


Average,


+1.4


-0.7


+1.1


1964-1969


Average
decline


-0.6


Table 4.--RATIO


OF MANUFACTURERS '


INVENTORIES


TO SHINdENTS


AND UNFILLED


ORDERS


TO SHiRENTS


BY INDUSTRY


(Based


on seasonally


adjusted


nre st ri Unfilled orders shipments ratio'
Inventories shipments ratio o backlog1
(months' backlog)
Industry group
Jan. Dec. Nov. Jan. Jan. Dec. Nov. Jan.
1970 1969r 13969r 1969 1970p 1969r 1969r 1969

All manufacturing industries, total.................. 1.74 1.73 1.70 1 .68 2.58 2.62 2.57 2.68
Durable goods industries, total............................ 2.13 2.10 2.04 1.97 3.13 3.16 3.09 3.22
Stone, clay, and glass products.......................... 1.66 1.67 1.69 1.62 (NA) NA) (NA) (NA)
Primary metals.......................................... 1.60 1.63 1.60 1.67 1.45 1.56 1.58 1.44
Fabricated metals.......... ...... ............... ............ 2.07 2.03 2.06 2.12 3.63 3.33 3.70 3.73
Machinery, except electrical....................... ....... 2.36 2.52 2.39 2.21 3.05 3.30 3.09 2.86
Electrical machinery..................................... 2.68 2.59 2.49 2.36 3.85 3.74 3.48 3.64
Transportation equipment................................. 2.30 2.05 1.94 1.93 6.71 4.16 5.88 7.17
Instruments and related products......................... 2.09 2.17 2.05 2.06 (NA) (NA) (NA) (NA)
Nondurable goods industries, total......................... 1.28 1.29 1.29 1.32 0.42 0.45 0.45 0.47
Food and kindred products............................... 0.85 0.84 0.87 0.95 (X) (X) (X) (X)
Tobacco products......................................... 4.73 5.02 5.12 5.36 (X) (X) (X) (X)
Textile mill products................................... 1.93 2.01 1.94 1.96 (NA) (NA) (NA) (NA)
Paper and allied products................................ 1.15 1.15 1.14 1.11 (NA) (NA) (NA) (NA)
Chemicals and allied products............................ 1.62 1.61 1.54 1.52 (X) (X) X) (X (X)
Petroleum and coal products............................. 1.02 1.06 1.02 1.09 (X) (X) (X) (X)
Rubber and plastics products, n.e.c...................... 1.41 1.38 1.29 1.39 (X) (X) (X) (X)


(NA) Not
1 Excludes


available.
the following


PPreliminary


industries


with


rRevised.
no unfilled


(x)
orders:


Not applicable.


Wooden


containers;


glass containers;


metal


barrels


and drums;


motor


vehicle


assembly


operations;


foods and related


products;


tobacco;


apparel


and related


products;


chemicals; petroleum


and coal products;


and plastics


data)


data)


GROUP













BY STAGE OF FABRICATION


Millions


of dollars)


~Pre1iminary.


GROUP











Appendix


The following is a description of the survey and


definitions Used.


the meaning
represent ai


These are provided to


of the


items


clarify


involved and do not


revisions from those definitions


previously employed.


EXPLANATION OF TERMS

Value of Shipments--Shipments in the monthly
survey are equivalent to value of shipments as


reported


in the


which


are received


receivable net selling values, f.o.b, plant, after


DESCRIPTION OF THE SURVEY


discounts


and allowances and excluding freight


charges and excise taxes.


Included in shipments


The Manufacturers'


Shipments,


Inventories,


and Orders survey provides monthly figures that
are comparable to the annual totals published each
year in the annual survey of manufactures (ASM).
The ASM is based on a sample of approximately
60,000 manufacturing establishments drawn from
the 5-year census universe of about 310,000estab-
lishments. In the ASM, each manufacturing
establishment provides data on employment, pay-


rolls,


shipments,


expenditures,
selected items.
information oi


cost


of materials,


capital


and inventories as well as other
. The establishments do not provide


1 unfilled


orders or new orders.


Since the ASM is establishment based, it provides
data for each of the 425 manufacturing industries
in the Standard Industrial Classification System
(SIC) and area data for industry groups.


The monthly


survey


M3-1


does not provide


information at the complete SIC industry detail
because of the smaller size of the reporting panel
and the fact that most companies cannot provide
shipments, inventories, and orders data monthly
for individual establishments.

The monthly reporting panel consists of
approximately 5,000 reporting units and includes
virtually all companies with 1,000 or more em-


ployees and a sample of the smaller ones.


reporting
operations


unit typically


comprises





The
entire


a company although many of the


larger diversified companies file separate divi-
sional type reports for their operations in different
industries.

Most of the reporting units include mixed
industry activity even within the broad industry


categories of the monthly survey. The survey
methodology assumes that the month-to-month
changes of the reporting units classified in each
industry category represent effectively the month-
to-month movements of the establishments in the
SIC industries which make up the category. Thus,
the monthly reports are used to update the ASM


- .- ~. -


Slinin rnohnirio rvf m-n-horh


are the value of all products sold,


transferred


to other plants of the same company, or shipped
on consignment.

Shipments also include receipts of establish-
ments in the industry for contract work performed
for others, resales, receipts for miscellaneous
activities such as the sale of scrap and refuse;
value of installation and repair work performed by
employees of the plant; and value of research and
development performed at the plant. In the aircraft
industry and shipbuilding, the value of work done
in a given year varies considerably from the value
of shipments because of the long lead time between
the input of the materials and labor and the ship-


ments of the completed aircraft or ship.


In the


annual survey, therefore, the value of work done
during the year is requested rather than the value
of shipments.

The value of shipments figures developed from
the ASM contain duplication at the all manufac-
turing and industry group levels since the products
of some industries are used as materials by other
industries within the industry group. With the ex-
ception of motor vehicles, it is not significant at
the 4-digit SIC group level. Since the M3-1
industry categories typically are groupings of
industries, this duplication is significant for the
all manufacturing, durable goods and nondurable
goods categories and the various market groups.
The significance of the duplication within the
specific M3-1 industry groups varies depending on
the 4-digit industry composition of these groups.
It is most pronounced in a few highly integrated
industry areas such as primary metals and motor
vehicles and parts.

Since most monthly reports are for the entire
company or major divisions rather than establish-
ments, the companies are requested to report net
sales, i.e., total company billings after discounts
and allowances. Companies which file divisional
reports are requested to treat transfers from one
a ~iu'icMnn nVf rhc-i rr'n"TnTnT',m fr\ an ^Mh onr-Frhh~r if rhcv^


*





UNIVERSITY OF FLORIDA

3 1262 08589 4807


definition of shipments in the monthly reports
differs from that used in the annual establishment


reports,
changes


it is assumed that the month-to-month


inm company


sales


in the industry are


representative of the month-to-month shipments
of the establishments in the industry.


New Orders Received and Unfilled Orders--
Orders as reported in the monthly survey are net


of cancellations during the month.


They include


orders received during the period and also filled
during the period as wellas those orders received


for future delivery.


They also include the net


sales value of contract change documents which
increase or decrease the sales value of the unfilled


Inventories--End-of-month inventories in the
monthly survey are identical in definition to the
end-of-year inventories in the ASM. In the ASM,
respondents are asked to report inventories of
individual establishments at approximate current


if feasible; otherwise,


"atbook values." Since


different methods of inventory valuation are used
(LIFO, FIFO, etc.), the definition of the aggregate
inventories for establishments in an industry is


not precise.
inventories


The figures


on the change


from one period to the next are of


greater significance than the actual aggregates.


Inventories are reported by stage of fabri-
cation: (a) finished goods; (b) work in process;


orders to which they relate.


Orders include only


those supported by binding legal documents such as


signed contracts, or letter contracts.


In case of


letter contracts the full amount of the sales value
is included if the parties are in substantial agree-
ment on the amount; otherwise, only the funds


specific.
clouded.


lly


authorized


to be expended are in-


The respondent is instructed to deduct


the sales value of partial or complete cancellation
of existing orders.
Unfilled orders include orders as defined above
that have not yet passed through the sales account.
Generally, unfilled orders at the end of the
reporting period are equal to unfilled orders at
the beginning of the period plus net new orders
received less net sales.


materials,


supplies,


and other


inventories. In using inventories by stage of
fabrication at the all manufacturing and 2-digit
industry levels as well as for the durable and non-


durable goods sectors,


it should be noted that a


While both new orders and unfilled orders are
used in reviewing individual company reports for
consistency, only unfilled orders are estimated


directly in the tabulated totals.


New orders are


finished


product of one industry may be a raw


material for another industry at the next stage of


fabrication.


Insofar as the durable and nondurable


goods sectors and also the 2-digit industry groups


contain


industries


successive


stages


processing, the same type of commodity may be
included under different inventory categories in
the aggregate statistics.


derived from the shipments plus net change in
unfilled orders for each industry category. This
procedure is followed for seasonally adjusted data
as well as for the unadjusted data. Shipments and
unfilled orders are seasonally adjusted independ-


ently.


Seasonally adjusted new orders are derived


from seasonally adjusted shipments
sonally adjusted unfilled orders.


sea-


uscctiq-w


Current Industrial Reports Series M3-1


cost


.