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:
February 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:
AA00008477:00030

Related Items

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

Full Text
W-/CURRENT
CURRENT


A UNITED STATES
DEPARTMENT OF
COMMERCE
PUBLICATION


INDUSTRIAL


Manufacturers'


Inventories,


REPORTS


Shipments,
and Orders


U.S. DEPARTMENT OF COMMERCE / Bureau of the Census


FOR RELEASE:


April 1, 1970


SERIES:


M3-l(70)-2


Ch
pew orders for manufactured products in February
eased $900 million to $54.7 billion, after- .
a adjustment, the Bureau of the Census, U.S.
ent of Commerce, announced today. Ship-
Sincreased $400 million to $55.5 billion. The
Sg of unfilled orders at $87.7 billion declined
million from January as shipments during
Exceeded new orders received. The in-
reases in shipments and new orders were centered
chi>eIy in the civilian aircraft segment of the trans-
pration industry. Exclusive of transportation, new
ord ers at $47.5 billion remained virtually unchanged
fIm January, whereas shipments at $48.1 billion
S. thed j$200 million. Manufacturers' inventories
c ^Ipued to rise with an increase of $600 million to a
tlof $96.7 billion from $96.1 billion at the end of .
Jsary. The inventories to shipments ratio at 1.74
was unchanged from January. /" '
For the 3 months ending in February, the ave
xaylly change in new orders was a decrease
peient compared with an increase of 0.9 pe Cl
ate 3 months ending in November and a -
p of 0.4 percent for the 3 months end&

H ~ORDERS
New orders for durable goods increased $500
million or 1.8 percent from the January total of
$28.9 billion. In the transportation industry, new
orders increased $800 million, of which $600 million
was in the aerospace segment. New orders for
primary metals declined $300 million while the
machinery industries increased $200 million.
Among the supplementary series, household
durables remained unchanged at $1.9 billion, while
machinery and equipment (producers' capital goods)
increased $200 million to $6.6 billion. New orders
for defense products at 1.8 billion were virtually
unchanged from January. (SEE CHART 1)


art 1 Manufacturers' New Orders (Seasonally Adjusted)
Billions of Dollars'*
i i--,-.4s


I-. I I I


February


1970








2

SHIPMENTS


Manufacturers'


creased
billion


million


in January.


shipments of durable goods in-


to $30.2 billion from $30.0'


Shipments


of transportation


Equipment increased $600 million to $7.4 billion while
primary metals declined $300 million to $4.8 billion.
Shipments of nondurable goods increased $200 million


to $25.3 billion from $25.1 billion in January.


(SEE


CHART 2)

UNFILLED ORDERS

Unfilled orders of durable goods at $84.7 billion
were $800 million or 0.9 percent below the backlog


at the end of January.


general.


Declines in backlog were


The backlog in primary metals declined


$400 million to $7.0 billion at the end of February
and the backlog of transportation equipment declined
$200 million to $31.0 billion'frbom $31.2 billionat the


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


I I i I t I


II I I


Goods








*Semilog. scale
jI til Il l I I


end of January.

INVENTORIES


Inventories


creased


(SEE CHART 3)


Chart 4 Total Inventory (Seasonally Adjusted)


in the durable goods industries


million


to $64.1


billion from $63.8


billion in January and those in the nondurable goods
industries increased $400 million to $32.6 billion at


the end of February.


durables
industry.


occurred


The largest dollar gain in


in the nonelectrical machinery


- The largest. dollar gain in the nondurable


goods industries was in foods. Increases in finished
goods and materials and supplies inventories were
partially offset by. a decline in work-in-Drocess


inventories.


(SEE CHART 4)


The figures on the durable goods industries in


report


supersede those issued earlier in the


advance report on durable gg


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


report


is based


on more


complete


reporting, but the estimates are also considered
preliminary. Final figures will appear as historical
data in the report to be published for next month.


The advance
is scheduled


report on durable goods for March
for release on April 20 and the full


report is scheduled for release on April 30!

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


Inquiries
addressed


concerning


to the U.S.


these


figures


should


Department of Commerce,


Billions of Dollars*
--i -'im


1967 1968 1969 1970










OF MANUFACTURERS'


(Millions


of dollars)


-Without seasonal S a eWithout seasonal
Seasonally adjusted adjustment1 Seasonally adjustedadjustment

Industry group Feb. Jan. Dec. Feb. Jan. Feb. Feb. Jan. Dec. Feb. Jan. Feb.
1970P 1970r 1969 1970p 1970 1969 1970P 1970r 1969 1970 1970r 1969


All manufacturing


industries:


Total.........................* ......


Total,


Durable
Stone,


excluding


goods industries,


and glass


transportation.....
total..............
products ...........


Primary metals,
Blast furnaces


All other
Fabricated


products,


Metal cans, barrels,


Machinery,


Engines


except


total ..........
drums..........
al, total*.......


electric


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


Farm machinery
Construction,


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


and material


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


Metalworking


General


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


industrial


Electrical machinery,


Electrical
equipment
Household


Transportation


vehicle


Aircraft,


machinery...........
total.............


nd distribution
apparatus....


appliances, including


equipment, total..........
s and parts...............


missiles,


Instrumentsand


All other
Nondurable


durable


goods


Food and kindre


and parts.....,*...
d products.........
.s industries.......
ies, total .........
;cts, total ..........


industry
d produ


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


Tobacco
Textile
Paper a


products.....9......... ..........
mill products.....................


ad allied products,


Pulp, paper,


Chemicals an
Industrial


Petroleum
Rubber an


d allied products,
chemicals, except


total ......
pigments. .


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


All other nondurable


All manufacturing


Durable


Total,
goods


Primary metals,


Blast


Fabricated
Machinery,


excluding
industries,


except


products,
goods in


n.e.c.. .. S.
dustrles.....


industries:


transportation....,.
total.............


electrical,


Engines


Construct
handling


mining,


and material


Metalworking .machinery m ..... ..... ... .
General industrial machinery ............

lectrical machinery, total,...............


El


Electrical
equipment
Household
and TV..,
Qmunicat
Transportatil


Aircraft,


All other


transmission and distribution


and industrial


appliances,


including


ion equip ent . .. ..
:ion equipment.........


equipment
smiles, an


goods


, total ...........
d parts...........
industries..,,....


Shipments


55,512
48,071
30,245
1,522
4,809
2,146
2,663
3,106
288
5,612
462
472

735
345
568
3,671

706

664
1,086
7,441
3,776
3,029
1,177
2,907
25,267
8,505
1,749
422
1,740
S2,373
1,032
4,252
1,456
2,149
1,499
4,327


54,749
47,515
29,433

4,455
1,859
2,956
5,540
525

746
261
581

3,737.

710

641
1,173
7,234
2,833
5,511


55,099
48,274
30,042
1,475
5,138
2,474
2,664
3,310
332
5,536
474
488

772
353
556
3,574

661

666
1,072
6,825
3,608
2,610
1,171
3,013
25,057
8,452
1,761
456
1,779
2,351
1,018
3,986
1,412
2,206
1,474
4,353


53,868
47,454
28,909
4,787
2,0O79
3,024
5,390
540,

751
310
527

3,667

717

652
1,068
6,414
2,201
5,627


55,277
47,684
30,201
S1,485

4,945
2,354
2,591
3,259
303
5,228
460
453

651
312
507
3,609

659

671
1,092
7,593
3,735
3,133
1,142
2,940
25,076
8,624
1,772
438
1,745
2,283
1,001
4,110
1,432


56,186
48,473
30,633
1,358
4,971
2,204
2,767
3,088
261
5,776
447
521

745
360
583
3,717

713

664
1,102
7,713
3,938
3,132
1,144
2,866
25,553
8,538
1,733
405
1,759
2,396
1,048
4,269
1,484
2,156
1,521
4,509


51,555
44,887
27,886
1,250
4,931
2,365
2,566
2,969
266
5,017
362
455

690
316
501
3,319

596

604
986
6,668
3,666
2,444
1,035
2,697
23,669
8,088
1,752
414
1,626
2,239
978
3,797
1,327
2,167
1,390
3,948


53,933
46,192
30,287
1,295
4,741
2,153
2,588
3,009
262
5,513
416
498

694
344
489
3,728

718

761
1,057
7,741
4,393
2,729
1,056
3,204
23,646
7,644
1,649
399
1,752
2,219
933
3,995
1,347
1,949
1,344
4,344


Total


96,703
81,163.
64,104
2,540
8,159
4,306
3,853
6,667
791
13,402
974
958

2,252
1,139
1,139
9,486

1,986

2,135
2,835
15,540
4,168
9,450
2,528
5,782
32,599
7,467
848
2,143
3,469


96,062
80,426
63,835
2,506
8,104
4,260
3,844
6,660
767
13,241
950
948

2,238
1,129
1,115
9,407

1,935

2,118
2,807
15,636
4,231
9,484
2,484
5,797
32,227
7,200
793
2,165
3,455
2,661
1,027
6,551
2,171
2,320
1,914
5,961


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


inventories


97,284
81,644
64,379
2,591
8,215.
4,345
3,870
6,660
777
13,538
992
1,011

2,302
1,138
1,141
9,421

1,995

2,100
2,820
15,640
4,259
9,409
2,506
5,808
32,905
7,507
887
2,270
3,523
2,649
1,050
6,720
2,228
2,271
1,960
6,015


Ne oerni o
New orders Unfilled orders
I I I t .


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


55,775
48,561
30,133
4,945
2,168
3,060
5,800
539

789
281
614

3,763

758

633
1,098
7,214
2,718
5,351


51,285
44,986
27,695
4,920
2,233
2,977
5,083
433

722
291.
501

3,387

656

629
971
6,299
2,082
5,029


54,850
47,039
31,125
5,139
2,375
2,932
5,875
430

897
358
540

3,788

741

823
963
7,811
2,872
5,580


87,727
56,741
84,729
7,022
3,239
10,418
17,025
4,947

2,193
1,671
1,673

13,672

3,569

557
5,647
30,986
23,606
5,606


88,488
57,296
85,539
7,375
3,526
10,569
17,099
4,886

2,183
1,754
1,660

13,606

3,564


581
5,560
31,192
23,802
5,698


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


31,605
24,212
5,728


87,735
57,028
84,758
7,462
3,596
10,426
17,082
4,943

2,202
1,676
1, 674

13,518

3,582

546
' 5, 534

30,707
23,388
5,563


96,271
80,589
63,702
2,511
8,214
4,367
3,847
6,564
720
13,271
953
982

2,268
1,124
1,108
9,254

1,938

2,051
2,757
15,682
4,307
9,451
2,432
5,774
32,569
7,414
834
2,302
3,448
2,625
1,019
6,631
2,214,
2,297
1,922
5,930


88,146
56,942
85,258
7,491
3,632
10,454
17,060
4,851

2,159
1,754
1,643

13,471

3,537*

576
5,538
31,204
23,801


90,158
75,868
58,568
2,420
7,606
4,079
3,527
6,126
630
11,866
889
992

2,050
1,031
987,
8,539

1,780

1,925
2,502
14,290
4,319
8,276
2,255
5,466
31,590
7,291
722
2,333
3,579
2,411
957
6,220
, 2,102
2,048
1,856
5,852


88,041
54,079
84,988
6,994


3,451
9,722
15, 245
4,113

1,917
1,761
1,532

13,097

3,272

636
5,399
.33,962
27,096
5,968


prim
metal


and


mining,


transmission a
and industrial


and TV... ...........,,,,..........
Communication equipnent..,.............


radio


Motor


elate
good


d plastics


Total...............................


total.....................
., steel mills.............


furnaces


metal products.......... .....


'on,


total....,,.,


apparatus.....


radio


mis


durable


L


I


I


. .


I











Table 2.--VALUE


OF MANUFACTURERS'


SHIPMENTS,


INVENTORIES,


(Millions


AND ORDERS,

of dollars)


AND SUPPLEIENTARY SERIES


S n a Without seasonal Without seasonal
Seasonally adjusted adjustment Seasonally adjusted adjustment
adjustment- adjustment
Industry group 16 -- -- 1
Feb. Jan. Dec. Feb. Jan. Feb. Feb. Jan. Dec. Feb. Jan. Feb.
1970p 1970r 1969 1970p 1970r 1969 1970p 1970r 1969 1970P 1970r 1969

Shipments Total inventories

All manufacturing industries, total.. 55,512 55,099 55,277 56,186 51,555 53,933 96,703 96,062 95,905 97,284 96,271 90,158

Durable goods industries, total............ 30,245 30,042 30,201 30,633 27,886 30,287 64,104 63,835 63,550 64,379 63,702 58,568
Nondurable goods industries, total......... 25,267 25,057 25,076 25,553 23,669 23,646 32,599 32,227 32,355 32,905 32,569 31,590

Industry groups arranged by market
categories:
Home goods and apparel................... 4,394 4,484 4,505 4,592 3,981 4,911 9,936 9,903 9,922 9,895 9,776 9,456
Consumer staples......................... 10,970 10,854 11,035 10,942 10,321 9,812 12,379 12,087 12,084 12,509 12,386 11,944
Equipment and defense products, except
automotive.............................. 9,527 9,073 9,146 9,708 8,225 8,993 26,016 25,884 25,865 26,099 25,794 22,839
Automotive equipment..................... 4,344 4,185 4,332 4,491 4,202 4,930 5,304 5,356 5,277 5,458 5,464 5,386
Construction materials, supplies, and
intermediate products................... 4,384 4,537 4,537 4,051 3,851 4,293 8,006 7,990 8,001 8,086, 7,961 7,615
Other materials and supplies and
intermediate products................... 21,893 21,966 21,722 22,402 20,975 20,994 35,062 34,842 34,756 35,237 34,890 32,918

Supplementary series:2
Household durable goods industries....... 1,937 1,937 1,984 1,955 1,763 2,182 5,162 5,156 5,092 5,137 5,073 4,700
Machinery and equipment industries....... 6,552 6,380 6,179 6,670 5,782 6,376 16,611 16,425 16,305 16,698 16,391 14,573
Defense products industries (old series). 4,391 3,970 4,518 4,513 3,695 4,118 13,086 13,101 13,204 13,043 13,014 11,642
Defense products (new series)*........... 1,946 1,798 2,284 2,000 1,672 1,901 7,310 7,472 7,472 7,297 7,422 7,311

New orders Unfilled orders


All manufacturing industries, total.. 54,749 53,868 55,362 55,775 51,285 54,850 87,727 88,488 89,714 87,735 88,146 88,041

Durable goods industries, total............ 29,433 28,909 30,295 30,133 27,695 31,125 84,729 85,539 86,668 84,758 85,258 84,988
Nondurable goods industries, total......... 25,316 24,959 25,067 25,642 23,590 23,725 2,998 2,949 3,046 2,977 2,888 3,053

Industry groups arranged by market
categories:
Home goods and apparel................... 4,392 4,443 4,528 4,579 3,994 4,951 968 206
Consumer staples......................... 10,966 10,848 11,028 10,942 10,317 9,821 19 20 19 19
Equipment and defense products, except
automotive.............................. 9,560 8,880 9,570 9,449 8,166 9,358 183 48261 515 47727 4899 47836
Automotive equipment..................... 4,233 4,122 4,297 4,374 4,167 4,906
Construction materials, supplies, and
intermediate products................... 4,247 4,243 4,490 4,090 3,902 4,337 10,456 10,592 10,886 10,468 10,430 10,055
Other materials and supplies and
intermediate products................... 21,351 21,332 21,449 22,341 20,739 21,477 27,120 27,661 28,296 27,603 27,669 27,944

Supplementary series: 2
Household durable goods industries....... 1,932 1,899 2,001 1,946 1,786 2,248 1,602 1,607 1,642 1,579 1,586 1,806
Machinery and equipment industries....... 6,564 6,414 6,490 6,770 5,993 6,714 25,169 25,160 25,126 25,103 25,005 22,433
Defense products industries (old series). 4,273 3,549 4,400 4,082 3,316 4,158 29,734 29,852 30,273 29,395 29,824 33,176
Defense products (new series)*........... 1,848 1,812 2,108 1,709 1,723 2,157 20,335 20,433 20,419 20,122 20,413 22,016


*During


1968 manufacturers


in ordnance,


communications


aircraft


and aircraft


parts,


and shipbuilding


industries


began


to provide


aggregate figures on
reports are included


these reporters,


ments and


new orders


shipments,
in these n


orders, a
iew defense


nd total inventories


series.


the data have been seasonally


adjusted


for trading-day


Since there


adjusted


using


and calendar-mon


of work perform
are no historic
the factors of
ith variations;


for the Department
data available to


these industries
unfilled orders


of Defense.


develoD


The results


separate


Preliminary.


and inventories


o


seasonal
Revised.


f these
factors


as of end of month.


supplementary


series


are regroupings


of the separate


industry


categories


as follows:


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 an
electrical
repairing,


d equipment
machinery


and railroad


industries
(excluding


and street


- Machinery,
household app


except
liances,


electrical


communication


(excluding


equipine


farm machinery
nt and electron


and equipment
ic components)


and machine


shops),


ship building


car equipment.


Defense


products


aircraft,
industries


industries


aircraft


parts,


and omits defense


(old series)
and ordnance


- Based on
industries.


work performed


reports
(Thus,


for companies
this series


in the ship building


classifi
includes


in the communication


significant


amounts


equipment,


of nondefense


complete
work in these


industry.)


Defense


products


(new series)


industries: ordnance,
in that it includes de


aircraft, a
Industries,


nd aircraft


- Based


communication


fense a
: parts.


activity
The da


on separate
Ls, complete


reports o
aircraft,


in ship building and
ta are comparable to


n defense
aircraft


excludes


work filed
parts, and
nondefense


those published


by large defense
ship building.
work in ordnance


annually


in the MA-175


contractors in the following
us, it differs for the old series
communications, complete
, Shipments of Defense-Oriented


for the specified












Table 3.--MANUFACrURERS'


(Based


on seasonally


adjusted


Item and industry


Shipments:
All manufacturing


Durable


goods


Nondurable


industries*.


industries


to


goods industries,


Total inventories:
All manufacturing
New orders:
All manufacturing


Durable
Nondurab


Unfilled
Durable


tal...
total


industries.....,...


industries ....... ..


goods industries, to
le goods Industries,


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


orders:


goods industries,


total...-


Month-to-month


-0.7


-1.3


-1.3


+0.5


+0.2


Average


monthly


3 months


-0.3


-0.7


+0.5


'0.6


rates of change


12 months


+0.9


+0.6


Average,


Average
rise


+1.4


+1.1


1964-1969


Average
decline


-1.1


-0.1


-0.6


Table 4.--RATIO


OF MANUFACTURERS'


INVENTORIES


TO SHIPMENTS


AND UNFILLED


ORDERS


TO SHIPMENTS,


BY INDUSTRY


(Based


on seasonally


adjusted


Inete raUnfilled orders shipments ratio
Inventories shipments ratio 'month backlog)
(months backlog)
Industry group
Feb. Jan. Dec. Feb. Feb. Jan. Dec. Feb.
1970 1970r 1969 1969 1970 1970r 1969 1969


All manufacturing industries, total................. 1.74 1.74 1.73 1.68 2.55 2.58 2.62 2.65
Durable goods industries, total............................ 2.12 2.12 2.10 1.95 3.08 3.13 3.16 3,.18
Stone, clay, and glass products.......................... 1.67 1.70 1.67 1.63 (NA) (NA) (NA) (NA)
Primary metals......................................... 1.70 1.58 1.63 1.65 1.46 1.44 1.56 1.43
Fabricated metals..................................,... 2.15 2.01 2.03 2.02 3.70 3.55 3.33 3.54
Machinery, except electrical............................. 2.39 2.39 2.52 2.19 3.03 3.09 3.30 2.84
Electrical machinery..................................... 2.58 2.63 2.59 2.33 3.72 3.81 3.74 3.60
Transportation equipment................................. 2.09 2.29 2.05 1.90 5.93 6.60 4.16 7.15
Instruments and related products......................... 2.15 2.12 2.17 2.10 (NA) (NA) (NA) (NA)
Nondurable goods industries, total......................... 1.29 1.29 1.29 1.34 0.43 0.43 0.45 0.47
Food and kindred products................................ 0.88 0.85 0.84 0.95 (X) (x) (x) (x)
Tobacco products....................................... 5,08 4.75 5.02 5.31 (x) (X) (X) (x)
Textile mill products.................................... 1.99 1.94 2.01 2.03 (NA) (NA) (NA) (NA)
Paper and allied products............................... 1.12 1.13 1.15 1.10 (NA) (NA) (NA) (NA)
Chemicals and allied products........................... 1.55 1.64 1.61 1.53 (X) (X) (X) (X)
Ntroleum and coal products.............................. 1.07 1.05 1.06 1.07 (X) (X) (X) (x)
Rubber and plastics products, n.e.c...................... 1.29 1.30 1.38 1.38 (X) (X) (X) (x)


(NA) Not available.
'Excludes the following


assembly
and plastic


operations;
cs products,


"Preliminary.


industries


with


foods and related


Revised.
no unfilled


products;


(X) No
orders: w
tobacco;


t applicable.


'ooden


apparel


containers;


and related


glass containers;


products;


metal


chemicals;


barrels


petroleum


and drums;


and coal products;


n.e.c.


GROUP


vehicle
rubber


motor


-0.3











BY STAGE OF FABRICATION,


(Millions


of dollars)


Without seasonal Without seasonal
Seasonally adjusted adjustment Seasonally adjusted adjustment
adjustment adjustment
Industry group
Feb. Jan. Dec. Feb. Jan. Feb. Feb. Jan. Dec. Feb. Jan. Feb.
1970 1970r 1969 1970p 1970r 1969 1970p 1970r 1969 1970p 1970r 1969


All manufacturing


Durable


goods industries


Stone, cla
Primary me
Machinery


industries

, total...


y, and glass products.
tals..................


(electrical


Transportation


All other
Nondurable
Chemicals
Petroleum
Rubber an


durable


, total..

..*......

.ew...o..
*. .. .


and nonelectrical).


equipment.................


goods industries


and allied


industries
s, total.


products....


and coal products......


d plastics


All other nondurable



All manufacturing


Durable goo
Stone, cl
Primary m
Machinery


ds industries


product
goods


S.......

. .. .
S.. .. .
*. .. .. S


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


industries
Stotal...


s total..
.i.......


and glass products.


(electrical


and nonelectrical).


Transportation


All other
Nondurable
Chemicals
Ietroleum
Rubber an


durable


goods Industrie


and allied


industries......
s, total.........


products...........


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


d plastics


All other nondurable


products, n.e.c......
goods industries....


Total


96,703

64,104
2,540
8,159


32,599
6,587
2,302
1,932
21,778


96.062


2,506


15,636
14,941
32,227

6,551
2,320
1,914
21,442


15,561
14,928

32,355
6,634
2,274
1,888
21,559


22,525
15,682
14,770

32,569

6,631
2,297
1,922
21,719


90,158
58,568
2,420
7,606
20,405
14,290
13,847
31,590

6,220
2,048
1,856
21.466


Materials


and supplies


29,649

17,610

816
2,872
5,508
3,233
5,181
12,039


Work in process Finished goods


32,093
27,090


32.234


4,604
15,788


10,083


31,745
16,250


15.495


15.463


31,948
16.267


15.681


14.838


966
9,589


PPreliminary,
Revised.


goods


p


ay,


goods


GROUP










Appendix


The following is a description of the survey and
definitions used. These are provided to clarify


meaning


of the items


represent any revis
previously employed.


involved and do not


ions from those definitions


DESCRIPTION OF THE SURVEY


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 310,000 estab-
lishments. In the ASM, each manufacturing
establishment provides data on employment, pay-
rolls, shipments; cost of materials, capital


expenditures, and
selected items. Ti


information


inventories as well as other
ie establishments do notprovide


on 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 reportingpanel
and the fact that most companies caminnot 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-
ninvpees and a samniple of the smaller ones. The


reporting unit typically comprises the e
operations of a company although many c


entire
)f 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


estimates


USifl2


'-S


a link relative of matched


EXPLANATION OF TERMS

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


reported


in the


ASM


which


are received


receivable net selling values, f.o.b. plant, after
discounts and allowances and excluding freight
charges and excise taxes. Included in shipments
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-
mients in the industry for contract work performed
for others, resales, receipts for miscellaneous
activities such as the sale of scrap and refuge;
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 dbne
in a given year varies considerably from the value
of shipments because of the long leadtime 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 developedfromi
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 hot 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 dependingon
the 4-digit industry composition of these groups.
It is most pronounced in a few highly integrated
industry areas such as primary metals andmotor
vehicles and parts.

Since most monthly reports are for the entire
company or major divisions rather than establish-
ments, the companies are requested to reportnet
sales, i.e., total company billings after discounts
and allowances. Companies which file divisional
reports are requested to treat transfers from one
division of the company to another as if they were




UNIVERSITY OF FLORIDA

8 3 1262 08589 4292


definition of shipments in
differs from that used in the
reports, it is assumed that
changes in company sales
representative of the month
of the establishments in the


the monthly reports
Annual establishment
Sthe month-to-month
in the industry are
-to-month shipments
industry.


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
cost if feasible; otherwise, "at book 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. The figures on the change in
inventories 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;
and (c) materials, supplies, fuel, 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
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 with successive stages of
processing, the same type of commodity may be
included under different inventory categories in
the aggregate statistics.


USCCMM-DC


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
orders to which they relate. Orders include only
those supported by bindinglegal documents suchas
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
specifically authorized to be expended are in-
cluded. 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.


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
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 arederived
from seasonally adjusted shipments and sea-
sonally adjusted unfilled orders.


Current Industrial Reports Series M-1