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:
March 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:
AA00008477:00031

Related Items

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

Full Text
/cE
RREN


A UNITED STATES
DEPARTMENT OF
COMMERCE
PUBLICATION


INDUSTRIAL


acturers'
entries,


REPORTS


Shipments,


and


Orders


March


1970


NT OF COMMERCE / Bureau of the Census


FOR RELEASE:


April 30, 1970


SERIES:


M3-1 (70)-3


Chart 1


New orders for manufactured products in March
d qreased $1.1 billion to $53.8 billion, after seasonal
^attustment, the Bureau of the Census, U.S. Depart-
n leq of Commerce, announced today. Shipments
*I I'- -- T -r Jth 4 4^-**-"


d 700 million to 54 9 bill n


I-np n~rie-..


seJ.l $ mU t $JJ ptv .' JJA.*4.Jfl. .* *, .Ajl..f
Ig of unfilled orders at $86.7 billion declined $1.1
jfatufromi February as shipments during March
exceeded new orders received. Manufacturers'
ifitories rose $100 million to a total of $96.7
lion from $96.6 billion at the end of February.


The inventories to shipments
Sfrm 1.74 in February.


ratio


rose


to 1.76


S%

@ For the 3 months ending in March, the average
monthly change in new orders was a decrease of
0 Percent compared with a decrease of 0.9 per-
tfor the 3 months ending in December and an
**Wy~s^^.-.^f *L


E 1.8 percent for the


months ending in


- Manufacturers' New Orders (Seasonally Adjusted)
Billions of Dollars*
-- 45


1966 1967 1968 1969 1970


Chart 2


- Manufacturers' Shipments (Seasonally Adjusted)
Billions of Dollars*


ncrease of
Sep~tember.


NEW ORDE

New *or<
decreased
$29.7 billic
the prelim
dcelished
at $25.2 bi
February.
decreasedo


RS


ders for


durable goods at $28.6 billion


$1.1 billion from the February total of


This


3.5 percent decline


revises


mary estimate of a decline of 1.8 percent


earlier.


New orders in nondurable goods


llion remained virtually unchanged from
In the transportation industry, new orders


$700 million


as all segments declined.


New orders for the machinery industries decreased
$500 million to $8.8 billion while primary metals


increased $100 million to $4.


billion and fabricated


metals remained unchanged at $3.1 billion.


Among the supplementary


series,


new orders for


machinery and equipment (producers' capital goods)


decreased $600 million to $6.0 billion.


New orders


for defense products at $1.6 billion were $300 million


below


February


but household durables increased


$100 million to $2.1 billion.


(SEE CHART 1)


1966 1967 1968 1969







SHIPMENTS


Chart 3


- Manufacturers' Unfilled Orders (Seasonally Adjusted)


Manufacturers


creased
billion


$700 mill
in February


shipments of durable goods de-
ion to $29.7 billion from $30.4
y. Shipments of transportation


equipment decreased $300 million to $7.1 billion
with the decrease primarily in the automotive area.
Shipments of the machinery industries declined $200
million to $9.1 billion and shipments of primary
metals at $4.7 billion and fabricated metals at $3.2
billion declined $100 million each. Shipments of


nondurable


$25.1


billion


was offset


goods remained virtually unchanged at
n. An increase in the foods industry
by a decline in the chemical industry.


(SEE CHART 2)

UNFILLED ORDERS


Unfilled orders of durable goods at $83.


billion


were $1.1 billion or 1.3 percent below the backlog
at the end of February. Although declines in backlog
were general, the transportation industry recorded
the largest decline as its backlog fell $500 million
to $30.5 billion at the end of March. The aircraft


,II1 11 1


,I1lt ,I,1


Durable


Goods


Billions of Dollars*


*Semilog. scale


iii itlit


backlog declined by $300 million with declines of
$100 million each in the automotive and the ship- Chart 4 Total inventory (Seasonally Adjusted)
nidliub g and railroad equipment groups. The -


machinery
decline to


industries


$30.4


billic


$200 million to $6.8
(SEE CHART 3)


e. a
experienced


a $300 million


)n and primary metals fell
billion at the end of March.


INVENTORIES


Inventories
creased $200


in the durable goods industries in-
million to $64.2 billion from $64.0


billion in February while those in the nondurable
goods industries decreased $100 million to $32.5
billion at the end of March. The largest dollar gain
in durables occurred in the primary metals industry


as other industries showed mixed patterns.


In the


nondurable goods industries, the pattern was also
mixed. -Small increases in materials and supplies
were partially offset by a small decline in finished
goods as work in process remained virtually un-
changed. (SEE CHART 4)

The figures on the durable goods industries in


report


supersede those issued earlier in the


advance report on durable goods. The advance report
is based on a tabulation 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 report on durable goods for April is
scheduled for release on May 21 and the full report
is scheduled for release on June 2.


Billions of Dollars*
--120


Total


Durable Goods


, ----


---- I
-
-


--
- -


Nondurable Goods


*Semilog. scale

,, II, I ,, II,, f I ,I


Ii, I ,I 1,1 1 ,,,1 I I..1 1 lI It i i


For an explanation of terms uned in this rennrr


- .- -








OF MANUFACTURERS'


(Millions


of dollars)


Without seasonal Without seasonal
Seasonally adjusted adjustment1 Seasonally adjusted adjustment
adjustment- adjustment
Industry group Mar. Feb. Jan. Mar. Feb. Mar. Mar. Feb. Jan. Mar. Feb. Mar.
1970' 1970r 1970 1970P 1970r 1969 1970P 1970r 1970 1970p 1970r 1969


All manufacturing


Total,


excluding


industries:


transportation..


cods industries,


clay, ar
metals,


Blast furnaces, s
All other primary


id glass products....


al... ai ..........
teel mills......
metals.........


metal products,


Metal cans, barrels,


except


. ... ...
.......
... ....


total...


and drUms..


electrical,


total


. ... .. .
S. 4 -


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


and equipment.......


mining,


and material


pment..... ...........
achinery.............


inery .......
al


and distribution
l apparatus.....


radio


dustrial mach
machinery, tot
transmission


equipment and indust
Hdusehold appliances,


equipment,


ria


including


total....


and parts.........


missiles, a
and related


goods


goods industries,


products,


nd parts....
products...
industries.


.......


total...
total...


Meat products..........


products..........
mill products.....


nd allied


products,


total..........
e............* .


total....
pigments.


Pulp, paper, etc........


Chemicals an
Industrial
Petroleum an
Rubber and p
All other no


d allied products,
chemicals, except


d coal


lastics
ndurable


All manufacturing


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


products,


n.e.c..


goods industries.



industries:


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


Total,


excluding


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


goods industries,


metals,


Construct
handling
Metalworki


General in

Electrical m
Electrical
equipment
Household


on,


steel mills........
products...........


electrical,


total..


and material


mining,


equipment..................
ng machinery...............


dustrial machine

achinery, total
transmission a
and industrial
appliances, inc


cry........


nd distribution
apparatus.....


luding


radio


and TV...............................


oods


equipment,


siles,


and parts.........


goods industries.......


industries


th unfilled or


totale.........
ders.........


Shipments


5,622

25,176


I-. nl


25,186


flAfl I *a -nfl


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


25,057


57,012
49,421
31.189


25,823


25,469


Total Inventories


81,071


969


2.542


New orders Unfilled orders


28,909


30.337


3.287


777

643
1,108
7,206
2,695

5,395

25,'521
6,993
.n ra frn


64 31,192
81 23,802
09 5,698

62 2,949
62 2,949


i


83.973


13,491

3,570

578
5,463
30,239
23,209
5,595

2,979
2,979


2,498
5,773
32,937
7,464
868
2,270
3,498
2,669
1,048


30 783


23,461
5,568

2,938
2,938


Durable &
Stone,
Primary


Fabricated


Machinery,
Engines


Farm machinery
Construction,
handling equi
Metalworking m


General in
Electrical m
SElectrical


Cbmunication
Transportation e
SMotor vehicles


Aircraft,
Instruments


All other durable


Nondurable


Food and kindred


Tobacco
Textile
Paper a


Durable g
Primary


Blast furnaces,


Fabricated
Machinery,
Engines


Communication
Transportation
Aircraft, mis


9.861


All other durable


Nondurable g
Industries


GROUP


M


I









Table 2.--VALUE


OF MANUFACTURERS


SHIPMENTS,


INVENTORIES
(Millions


, AND ORDERS,
of dollars)


FOR MARKET


CATEGORIES


AND SUPPLEMENTARY


SERIES


Seasonally adjusted Without seasonal Without seasonal
Seasonally adjusted adjustment Seasonally adjusted adjustment
adjustment1 adjustment
Industry group
Mar. Feb. Jan. Mar. Feb. Mar. Mar. Feb. Jan. Mar. Feb. Mar.
1970P 1970r 1970 1970P 1970r 1969 1970p 1970r 1970 1970 1970r 1969

Shipments Total inventories


All manufacturing industries, total.. 54,860 55,588 55,099 57,012 56,249 55,254 96,682 96,603 96,062 97,272 97,181 90,885

Durable goods industries, total............ 29,715 30,402 30,042 31,189 30,780 31,054 64,194 63,969 63,835 64,530 64,244 59,293
Nondurable goods industries, total......... 25,145 25,186 25,057 25,823 25,469 24,200 32,488 32,634 32,227 32,742 32,937 31,592

Industry groups arranged by market
categories:
Home goods and apparel.................. 4,329 4,368 4,484 4,626 4,559 5,025 9,784 9,893 9,903 9,765 9,852 9,648
Consumer staples................ .......... 11,002 10,904 10,854 11,117 10,881 10,029 12,303 12,358 12,087 12,318 12,489 11,849
Equipment and defense products, except
automotive.............................. 9,254 9,505 9,073 9,782 9,685 9,247 25,907 25,921 25,884 26,147 26,006 23,195
Automotive equipment..................... 4,126 4,370 4,185 4,494 4,515 5,005 5,292 5,298 5,356 5,340 5,451 5,373
Construction materials, supplies, and
intermediate products................... 4,422 4,539 4,537 4,370 4,199 4,476 7,967 8,016 7,990 8,108 8,095 7,773
Other materials and supplies and
intermediate products................... 21,727 21,902 21,966 22,623 22,410 21,472 35,429 35,117 34,842 35,594 35,288 33,047

Supplementary series:2
Household durable goods industries....... 1,973 1,970 1,937 2,060 1,987 2,216 5,121 5,158 5,156 5,110 5,133 4,810
Machinery and equipment industries....... 6,424 6,604 6,380 6,804 6,721 6,579 16,724 16,570 16,425 16,826 16,657 14,792
Defense products industries (old series). 4,301 4,308 3,970 4,470 4,426 4,159 12,934 13,050 13,101 13,036 13,008 11,837
Defense products (new series)*........... 1,977 1,915 1,798 2,059 1,968 1,954 7,298 7,293 7,472 7,350 7,280 7,383

New orders Unfilled orders

All manufacturing industries, total.. 53,796 54,854 53,868 56,198 55,869 55,696 86,691 87,757 88,488 86,952 87,765 88,480

Durable goods industries, total............ 28,620 29,657 28,909 30,337 30,348 31,449 83,702 84,795 85,539 83,973 84,827 85,380
Nondurable goods industries, total......... 25,176 25,197 24,959 25,861 25,521 24,247 2,989 2,962 2,949 2,979 2,938 3,100

Industry groups arranged by market
categories:
Home goods and apparel................... 4,419 4,357 4,443 4,650 4,538 5,046 2 050 1966 1974 1948 1933 2213
Consumer staples......................... 10,999 10,904 10,848 11,108 10,885 10,014 2050 1966 974 1 8 933 21
Equipment and defense products, except
automotive.............................. 8,635 9,669 8,880 9,248 9,554 9,296 47,586 48,316 48,261 47,156 47,858 47,834
Automotive equipment..................... 4,016 4,262 4,122 4,325 4,403 4,955 '
Construction materials, supplies, and
intermediate products................... 4,341 4,420 4,243 4,431 4,256 4,588 10,393 10,473 10,592 10,546 10,487 10,166
Other materials and supplies and
intermediate products................... 21,386 21,242 21,332 22,436 22,233 21,797 26,662 27,002 27,661 27,302 27,487 28,267

Supplementary series:2
Household durable goods industries....... 2,051 1,954 1,899 2,074 1,969 2,220 1,670 1,593 1,607 1,583 1,570 1,811
Machinery and equipment industries....... 6,039 6,603 6,414 6,469 6,810 6,818 24,775 25,161 25,160 24,759 25,094 22,671
Defense products industries (old series). 3,947 4,282 3,549 4,159 4,086 4,009 29,472 29,826 29,852 29,175 29,485 33,025
Defense products (new series)*........... 1,585 1,872 1,812 1,701 1,731 2,262 19,997 20,389 20,433 19,817 20,175 22,323


"Diring


1968 manufacturers in ordnance,


coflhtunications,


aircraft and aircraft


parts, and ship building industries


began to provide aggregate


figures on
included i
reporters,
new orders
mentary se


shipments,
n these new


orders,
Defense


the data have been seasonally


adjusted


ries


for trading-day


adjusted


re no historical


using


and calendar-month


industry


the factors
variations;
categories


data available


to develop


of these industries.


unfilled


orders


separate


The results
seasonal f


PPreliminary.


and inventories


rR


actors
revised.


for chese
'Shipments
2 The supple-


as follows:


Household


appliances;


Machinery an
electrical
repairing,


goods


ophthalmic


d equipment


industries
goods, wa

industries


machinery (excluding


and railroad


and street


- Household


tches,


furniture;


and clocks;


- Machinery,
household app


except
'liances,


kitchen


articles


and pottery;


personal


electrical (excluding


communication


equipme


cutlery,


handtools,


and hardware;


household


goods.


and equipment
ic components)


and machine


shops),


ship building


car equipment.


products


parts,


and omits defense


(old series)
and ordnance


- Based


on reports


industries.


work performed


for companies
this series


in the ship building


classifi
includes


in the communication


significant


amounts


equipment,


of nondefense


complete
work in these


fense products (new
industries: ordnan
in that it includes


aircraft, a
Industries,


series)


cee,


nd aircraft


- Based


communication


defense


parts


activity
. The da


on separate
s, complete


reports o
aircraft,


in ship building
ta are comparable


n defense
aircraft


and excludes


work filed by large


defense


parts, and ship building.


nondefense


annually


in the MA-175


contractors


us, it differs
communications,
, Shipments of


for the specified


and total inventories
series. Since there a


are regroupings


of work performed for


durable


of the separate


the Department of Defense.


Defense


of these reports


and miscellaneous


aircraft,
industries


industries


as of end of month.


aircraft


De


farm machinery
nt and electron


industry.)


to those published


work in ordnance,


in the following


from the old series
complete
Defense-Oriented


m









Table 3. -MANUFACTURERS'


(Based


on seasonally


adjusted


Item and industry


Shipments:
All manufacturing


Durable go
Nondurable


group


industries..


total.


goods industries,


Total inventories:
All manufacturing
New orders:
All manufacturing


Durable
Nondurab


Unfilled
Durable


total.....


industries.....


industries.....


goods industries, tc
ile goods industries,


tal....
total.


total.


Month-to-month


-1.3


+0.1


-1.3


+0.6


-0.9


-0.3


+0.2


-1.3


Average


monthly


3 months


-0.2


+0.3


-1.2


-0.7


+0.6


+0.1


rates of change


12 months


40.3


+0.6


-0.1


+1.0


+0.7


+0.2


Average,


Average
rise


+1.4


+0.7


+1.1


1964-1969


Average
decline


-1.1


-0.1


-0.6


Table 4.--RATIO


OF MANUFACTURERS'


INVENTORIES


TO SHIPMENTS


AND UNFILLED


ORDERS


TO SHIMENTS


BY INDUSTRY


(Based


on seasonally


adjusted


enore st Unfilled orders shipments ratiot
Inventories shipments ratio o backlog)
(months' backlog)
Industry group
Mar. Feb. Jan. Mar. Mar. Feb. Jan. Mar.
1970 1970r 1970 1969 1970P 1970r 1970 1969


All manufacturing industries, total.................. 1.76 1.74 1.74 1.70 2.55 2.54 2.58 2.67
Durable goods industries, total............................ 2.16 2.10 2.12 2.00 3.09 3.06 3.13 3.21
Stone, clay, and glass products .......................... 1.65 1.67 1.70 1.64 (NA) (NA) (NA) (NA)
Primary metals.,................. ....,,..............* 1.78 1.69 1.58 1.67 1.45 1.46 1.44 1.44
Fabricated metals........................................ 2.10 2.06 2.01 2.12 3.60 3.53 3.55 3.68
Machinery, except electrical............................. 2.45 2.37 2.39 2.23 3.05 3.02 3.09 2.90
Electrical machinery..........,.................... 2.61 2.55 2.63 2.34 3.76 3.68 3.81 3.56
Transportation equipment................................. 2.18 2.11 2.29 1.97 6.10 6.04 6.60 7.19
Instruments and related products......................... 2.14 2.11 2.12 2.15 (NA) (NA) (NA) (NA)
Nondurable goods industries, total......................... 1.29 1.30 1.29 1.33 0.43 0.43 0.43 0.48
Food and kindred products..... ........................ 0.86 0.88 0.85 0.93 (x () (X) (x)) ()
Tobacco products........................................ 4.94 5.05 4.75 5.42 (X) (X) (X) (X)
Textile mill products.................................... 1.93 1.98 1.94 1.99 (NA) (NA) (NA) (NA)
Paper and allied products................................ 1.14 1.13 1.13 1.11 (NA) (NA) (NA) (NA)
Chemicals and allied products.............,,............ 1.63 1.57 1.64 1.59 (X) (X) (x) (x)
Petroleum and coal products............................ 1.10 1.07 1.05 1.05 (X) (X) (X) (x)
Rubber and plastics products, n.e.c................. .... 1.28 1.26 1.30 1.36 (X) (X) (x) (X)


assembly
and plastic


operations;


Preliminary.


industries


with


foods and related


rRevised.
no unfilled


products;


(X) No
orders: W
tobacco;


t applicable.


wooden


apparel


containers;


and related


glass containers;


products;


metal


chemicals;


barrels


petroleum


and drums;


motor


and coal products;


products, n.e.c.


ods industries,


orders:
goods industries,


GROUP


(NA) Not
tExcludes


vehicle
rubber


available.
the following









OF MANUFACTURERS' INVENTORIES,


(Millions


of dollars)


Without seasonal Without seasonal
Seasonally adjusted Seasonally adjusted d
adjustment adjustment
Industry group 17 17 10 1-10--109
Mar. Feb. Jan. Mar. Feb. Mar., Mar. Feb. Jan. Mar. Feb. Mar.
1970D 1970r 1970 19701 1970r 1969 1970p 1970r 1970 1970p 1970r 1969

Total Materials and supplies

All manufacturing industries, total.. 96,682 96,603 96,062 97,272 97,181 90,885 29,527 29,411 29,227 29,496 29,486 28,496
Durable goods industries, total............ 64,194 63,969 63,835 64,530 64,244 59,293 17,694 17,615 17,598 17,456 17,512 16,763
Stone, clay, and glass products.......... 2,526 2,542 2,506 2,610 2,593 2,440 814 819 804 813 816 742
Primary metals........................... 8,342 8,126 8,104 8,300 8,182 7,588 2,999 2,916 2,888 2,845 2,852 2,681
Machinery (electrical and nonelectrical). 22,925 22,826 22,648 23,070 22,897 20,705 5,532 5,530 5,484 5,495 5,470 4,972
Transportation equipment...... .......... 15,504 15,532 15,636 15,580 15,632 14,417 3,164 3,182 3,244 3,168 3,241 3,392
All other durable goods industries....... 14,897 14,943 14,941 14,970 14,940 14,143 5,185 5,168 5,178 5,135 5,133 4,976
Nondurable goods industries, total......... 32,488 32,634 32,227 32,742 32,937 31,592 11,833 11,796 11,629 12,040 11,974 11,733
aiemicals and allied products............ 6,639 6,613 6,551 6,761 6,745 6,295 2,264 2,252 2,235 2,277 2,258 2,138
Petroleum and coal products.............. 2,307 2,318 2,320 2,304 2,286 2,066 514 542 535 522 525 476
Rubber and plastics products, n.e.c...... 1,985 1,951 1,914 2,023 1,978 1,833 613 597 592 600 588 548
All other nondurable goods industries.... 21,557 21,752 21,442 21,654 21,928 21,398 8,442 8,405 8,267 8,641 8,603 8,571

Work in process Finished goods

All manufacturing industries, total.. 35,028 35,032 35,090 35,205 35,146 32,373 32,127 32,160 31,745 32,571 32,549 30,016
Durable goods industries, total............ 30,163 30,005 29,987 30,367 30,134 27,456 16,337 16,349 16,250 16,707 16,598 15,074
Stone, clay, and glass products.......... 404 411 387 438 424 399 1,308 1,312 1,315 1,359 1,353 1,299
Primary metals........................... 2,824 2,737 2,818 2,866 2,795 2,613 2,519 2,473 2,398 2,589 2,535 2,294
Machinery (electrical and nonelectrical). 10,924 10,849 10,805 10,982 10,919 9,933 6,469 6,447 6,359 6,593 6,508 5,800
Transportation equipment................. 10,817 10,797 10,845 10,863 10,805 9,600 1,523 1,553 1,547 1,549 1,586 1,425
All other durable goods industries ....... 5,194 5,211 5,132 5,218 5,191 4,911 4,518 4,564 4,631 4,617 4,616 4,256
Nondurable goods industries, total......... 4,865 5,027 5,103 4,838 5,012 4,917 15,790 15,811 15,495 15,864 15,951 14,942
aiemicals and allied products............ 891 886 962 892 893 947 3,484 3,475 3,354 3,592 3,594 3,210
Ietroleum and coal products.............. 542 537 534 535 526 481 1,251 1,239 1,251 1,247 1,235 1,109
Rubber and plastics products, n.e.c...... 318 327 319 318 326 313 1,054 1,027 1,003 1,105 1,064 972
All other nondurable goods industries.... 3,114 3,277 3,288 3,093 3,267 3,176 10,001 10,070 9,887 9,920 10,058 9,651

Preliminary.
Revised.









Appendix


The following is a description of the survey and
definitions used. These are provided to clarify
the meaning of the items involved and do not
represent any revisions from those definitions
previously employed,.


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-


lishmenits.


the ASM,


manufacturing


establishment provides data on employment, pay-


rolls,


shipments,


cost


of materials,


capital


expenditures, and inventories as well as other
selected items. The establishments do not provide
information on unfilled orders or new orders.
Since the ASM is establishment based, it provides
data for each of the 425 manufacturing industries
int: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 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. The


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 indifferent
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 by using a


link relative of matched


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
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-
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 workperformedby
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


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
division of the company to another as if they were







definition of shipments in the monthly reports
differs from that used in the annual establishment
reports, it is assumed that the month-to-month
changes in company sales in the industry are
representative of the month-to-month shipments
of the establishments in the 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, "atbookvalues." 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


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;


UNIVERSITY OF FLORIDA

l3 ill22 0589 4441
3 1262 08589 4441


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 well as 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 binding legaldocuments 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


specific
cluded.


Ily


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


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.


USJ(M-DC


derived from the shipments plus net change min
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 and sea-
sonally adjusted unfilled orders.


Current Industrial Reports Series M3-1


finished


.