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:
June 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:
AA00008477:00033

Related Items

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

Full Text
C3


A UNITED STATES
DEPARTMENT OF
COMMERCE
PUBLICATION


A/ti


Manufacturers'


-/CURREN INDUSTRIAL
CURRENHqNDUSTRIAL


Shipments,


Inventories,


and


Orders


June


1970


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


FOR RELEASE:


July 31, 1970


SERIES:


M3-1 (70)-6


New orders for manufactured products in June
increased by 1.2 percent or $700 million to $55.3
billion from $54.6 billion in May, after seasonal
adjustment, the Bureau of the Census, U.S. Depart-
meni of Commerce announced today. Shipments
alsp increased $700 million to $56.2 billion. The
backlog of unfilled orders at $84.0 billion declined
$900 million from May. Manufacturers' in-
ventories declined slightly to $97.8 billion from
$97.9 billion at the end of May. The inventories


to shipments ratio declined to 1.74 from 1.76 in
May.


For the
teirage ch
Sinease of
of 0.9 perc
Mich and
December.


three months ending with June, the


iange


new orders


represents


0.9 percent compared with decreases
ent for the three months ending with


for the three


months


ending


Chart 1 Manufacturers' New Orders (Seasonally Adjusted)


Billions of Dollars*
I-45


Durable Goods


,-


Nondurable Goods


- --.. ---
-'A


*Semilog. scale
,, 1,,1 ,, h,11 h l,,11 1


~fl


NEW ORDERS


New orders for durable goods at $29.6 billion
increased $200 million from May. New orders in
the transportation industry increased $300 million
to $7.1 billion as increases of $300 million each
in the automotive and the shipbuilding and railroad
equipment groups were partially offset by a de-
crease of $400 million in the aerospace industry.
New orders in the machinery industries decreased
$400 million to $8.8 billion while primary metals
increased $200 million to $4.9 billion.


Among the supplementary series, new orders
for defense products decreased $100 million to
$1.7 billion. Orders for producers' capital goods


(formerly machinery and equipment) remained
virtually unchanged at $6.2 billion as an increase


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


I I I 'Ama lan onel a


REPORTS










Chart 3


Manufacturers' shipments of nondurables ac-
counted for $500 million of the overall increase in
shipments of $700 million. Durable goods ship-
ments increased $200 million to $30.5 billion in


June.


Shipments of the nonelectrical machinery


industry decreased $200million, while the primary


metals,


fabricated


metals,


and electrical ma-


chinery industries each increased $100 million.


transportation


industry


decreased


million as an increase in the automotive industry
was more than offset by declines in the aerospace
and shipbuilding and railroad equipment industry
groups. (SEE CHART 2)
UNFILLED ORDERS


Unfilled


billion


were


the end of


orders of durable goods at $81.1
$900 million below the backlog at
tay. The fabricated metals industry


group increased $200 million to $10.7 billion as
all other major groups declined. The machinery
industries declined $500 million to $29.6 billion
and the transportation sector declined $300million
to $28.5 billion as the aerospace industry declined
$400 million while the shipbuilding and railroad
eauinment ground increased $100 million. (SEE


CHART 3)


0*- -A


INVENTORIES


dec


Inventories in the d
:reased $200 million


end of June


while


urable


goods industries


to $64.4 billion at the


those in the nondurable inm-


dustries remained virtually unchanged at $33.3
billion. In both the durable and nondurable groups,
the pattern was mixed with the largest decline in
inventories in the transportation group. At the all
manufacturing level, work-in-process inventories
decreased $200 million and finished goods in-


creased slightly a,
re mained unchanged.


materials


and supplies


(SEE CHART 4)


The advance report on durable goods for July
is scheduled for release on August 21 and the full
report is scheduled for release on September 1.


an explanation


terms


in this


report see appendix following table


Inquiries concerning these figures should be
addressed to the U.S. Department of Commerce,
Bureau of the Census, Industry Division,


Washington, D.C.


20233.


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


Chart 4 Total Inventory (Seasonally Adjusted)


Billions of Dollars*
,- 120


I I


SHIPMENTS


~3oods


Durable (


*Semilog. scale
, I I I, I, I, I ,,III


t~IItli*I


\











OF MANUFACTURERS'


(Millions


of dollars)


Without seasonal Without seasonal
Seasonally adjusted adjustment1 Seasonally adjusted adjustment
adjustment adjustment
Industry group
June May April June May June June May April June May June
1970 111970r 1970 1970p 1970r 1969 1970 1970r 1970 1970 1970r 1969


All manufacturing


industries:


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


Total,


Durable
Stone,


excluding


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


goods industries,


Primary metal


and glass products...........

Ls, total................ ....
Lees, steel mills.............


All other primary metals................


Fabricated metal


products,


Metal cans, barrels,


Machinery,


Engines and
Farm machine
Construction


except electrics


total..........
drums..........
il, total....... .


turbines....................
ry and equipment............


mining,


and material


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


General in
Electrical m
Electrical
equipment
Household


and
Comnu


Transpo
Motor


dustrial


machinery............


achineryj total
transmission a
and industrial
appliances, inc


.mi.............
nd distribution
apparatus.....


luding


TV. .... ... ....... .... ...... .
mnication equipment.................
rotationn equipment, total...........
* vehicles and parts................


Aircraft,
Instruments


missiles,
and relate


All other durable


Nondurable


and parts...........
d products.........
Is industries ........
ries, total..........
icts, total,..........


goods industry


Food and kindred


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


Tobacco prod
Textile mill
Paper and al
Pulp, pape
chemicals anm
Industrial
Petroleum am
Rubber and p.


ucts..p u.... .., .. .,,.,..
products.,,,..,,............


products,


d allied products,
chemicals, except


total.....
pigments...


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


lastics


All other nondurable I



All manufacturing


Total,


Durable


excluding


product
goods


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


industries:


goods Industries,


Primary metals,


Fabricated metal


Machinery,


Engines


except


total...d.us..........
, steel mills.............
products.,...............


electrical,


total. ....


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


Construction, mining,


and material


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


General


Electrical
Electric
equipimei


Household


industrial machinery,............


machinery,


transmission an
and industrial


appliances,


Ld distribution
apparatus.....


including


and TV.................................
Communication equipment .................


Transportation


Aircraft,


All other


equipment,
siles, and


durable


total...........
parts...... .....
dustrles........


Shipments


56,207
48,795
30,524
1,489
4,970
2,308
2,662
3,273
298

5,345
415
463

711
333
561
3,966

771

852
1,100
7,412
4,089
2,649
1,190
2,879
25,683
8,833
1,715
411
1,737
2,352
1,008
4,140
1,348
2,141
1,524
4,545


55,305
48,208
29,649

4,903
2,250
3,454
5,059
327

765
260
559

3,749

752

865
870
7,097
2,227
5,387


55,545
48,036
30,368
1,478
4,822
2,134
2,688
3,174
289
5,526
460
434

679
346
552
3,865

788

720
1,130
7,509
3,940
2,862
1,137
2,857
25,177
8,476
1,748
457
1,742
2,338
986
4,173
1,404
2,151
1,486
4,354


54,634
47,789
29,476
4,705
2,133
3,370
5,371
404

707
289
545

3,832

707

714
1,131
6,845
2,620
5,353


54,231
46,678
29,496
1,452
4,424
1,782
2,642
3,047
295
5,317
417
438

680
330
532
3,734

706

707
1,147
7,553
3,785
3,132
1,129
2,840
24,735
8,495
1,757
447
1,729
2,315
995
3,944
1,340
2,137
1,433
4,235


58,921
50,820
32,697
1,651
5,244
2,411
2,833
3,510
335
5,830
506
508

786
362
604
4,102

828

860
1,157
8,101
4,593
2,763
1,251
3,008
26,224
9,043
1,724
450
1,814
2,441
1,040
4,316
1,435
2,193
1,612
4,355


56,308
48,365
31,250
1,529
5,071
2,292
2,779
3,239
297

5,695
482
487

731
343
560
3,782

804

651
1,118
7,943
4,300
2,905
1,119
2,872
25,058
8,428
1,740
456
1,709


57,484
49,530
32,317
1,532
4,991
2,312
2,679
3,318
337
5,918
584
510

740
330
556
4,076

770

841
1,173
7,954
4,615
2,695
1,217
3,311
25,167
8,278
1,835
462
1,854
2,343
986
4,274
1,460
2,155
1,485
4,316


Total


97,773
82,590
64,425
2,539
8,624
4,603
4,021
6,684
694
13,767
949
1,017

2,417
1,154
1,174
9,476

1,999

1,969
2,863
15,183
3,940
9,260
2,657
5,495
33,348
7,583
874
2,151
3,416
2,758
1,092
6,853
2,282
2,447
1,927
6,213


97,923
82,564
64,617
2,575
8,649
4,641
4,008
6,633
689
13,672
960
996

2,393
1,139
1,162
9,498


97,775
82,322
64,690
2,577
8,588
4,614
3,974
6,677
702
13,561
942
984

2,331
1,151
1,162
9,568

2,011

2,110
2,812
15,453
4,140
9,311
2,649
5,617
33,085
7,532
849
2,161
3,452
2,717
1,054


inventories


98,113
83,073
64,831
2,590
8,507
4,488
4,019
6,853
756
13,756
932
1,009

2,400
1,151
1,180
9,755

2,022

2,123
2,909
15,040
3,743
9,338
2,713
5,617
33,282
7,246
839
2,076
3,514
2,794
1,086
6,832
2,252
2,423
1,929
6,468


New orders Unfilled orders


53,365
46,900
28,612
4,844
2,172
2,957
5,323
478

694
277
485

3,677

672

675
1,171
6,465
2,167
5,346


58,160
50,248
31,971
5,006
2,265
3,664
5,475
426

815
290
581

4,089

849

896
1,076
7,912
2,509
5,825


54,860
47,871
29,776
4,800
2,143
3,368
5,466
446

734
272
545

3,734

760

679
1,080
6,989
2,339
5,419


56,743
49,538
31,544
4,921
2,323
3,353
6,059
617

765
330
581

4,000

802

876
1,005
7,205
2,106
6,006


84,016
55,489
81,077
7,051
3,464
10,702
16,259
4,737

2,287
1,405
1,605

13,339

3,443

610
5,365
28,527
21,789
5,199


84,908
56,065
81,945
7,116
3,522
10,520
16,544
4,825

2,233
1,477
1,607

13,555

3,462

597
5,594
28,843
22,212
5,367


85,822
56,314
82,840
7,234
3,523
10,324
16,701
4,881

2,205
1,534
1,614

13,589

3,544

604
5,592
29,508
22,454
5,484


83,894
55,781
80,890
7,082
3,520
10,832
16,254
4,707

2,319
1,392
1,617

13,302

3,490

615
5,289
28,113
21,507

5,307


98,625
83,306
65,222
2,662
8,512
4,479
4,033
6,816
754
13,776
975
1,004

2,388
1,154
1,175
9,766

2,020

2,199
2,877
15,319
3,935
9,418
2,719
5,652
33,403
7,368
870
2,133
3,564
2,745
1,055
6,813
2,243
2,397
1,935
6,448


84,653
56,351
81,612
7,323
3,667
10,679
16,605
4,787

2,289
1,464
1,640

13,314

3,469

578
5,370
28,302
21,760
5,389


92,509
77,954
60,863
2,480
7,692
4,088
3,603
6,521
756
12,282
908
935

2,080
1,048
1,021
9,184

1,859

2,165
2,660
14,555
3,967
8,768
2,438
5,711
31,646
7,069
693
2,134
3,641
2,479
964
6,301
2,108
2,059
1,810
6,153


88,847
55,859
85,631
7,105
3,594
10,186
16,297
4,276

2,069
1,924
1,563

13,094

3,407

658
5,095
32,988
25,694
5,961


Blast


furna


and


radio


good


produ


lie
J*


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


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


Blast


furnaces


radio


mis


goods


, j


d


p













OF MANUFACTURERS' SHIPMENTS, INVENTORIES, AND ORDERS, FOR MARKET


(Millions


ot dollars)


Seasonally adjusted Without seasonal Without seasonal
Seasonally adjusted adjustment Seasonally adjusted adjustment
adjustment -ad jus tment
Industry group
June May April June May June June May April June May June
1970P 1970r 1970r 1970 1970r 1969 1970p 1970r 1970 1970r 1970r 1969

Shipments Total inventories


All manufacturing industries, total.. 56,207 55,545 54,231 58,921 56,308 57,484 97,773 97,923 97,775 98,113 98,625 92,509

Durable goods industries, total............ 30,524 30,368 29,496 32,697 31,250 32,317 64,425 64,617 64,690 64,831 65,222 60,863
Nondurable goods industries, total......... 25,683 25,177 24,735 26,224 25,058 25,167 33,348 33,306 33,085 33,282 33,403 31,646

Industry groups arranged by market
categories:
Home goods and apparel.................. 4,874 4,593 4,354 4,673 4,175 4,861 9,741 9,867 9,958 10,277 10,391 10,234
Consumer staples........................ 11,183 10,802 10,819 11,434 10,740 10,558 12,571 12,612 12,538 12,229 12,379 11,715
Equipment and defense products, except
automotive.............................. 8,947 9,423 9,293 9,657 9,540 9,571 26,296 26,261 26,096 26,460 26,493 23,948
Automotive equipment..................... 4,733 4,542 4,391 5,300 4,959 5,247 5,054 5,142 5,281 4,843 5,075 5,064
Construction materials, supplies, and
intermediate products................... 4,499 4,441 4,336 4,985 4,636 4,932 8,025 8,016 8,053 8,160 8,185 7,889
Other materials and supplies and
intermediate products................... 21,971 21,744 21,038 22,872 22,258 22,315 36,086 36,025 35,849 36,144 36,102 33,659

Supplementary series:2
Household durable goods industries....... 2,183 2,058 1,985 2,169 1,951 2,234 4,940 5,039 5,158 5,184 5,291 5,119
Producers' capital goods industries...... 6,399 6,653 6,223 6,936 6,749 6,856 17,106 16,966 16,928 17,140 17,124 15,328
Defense products industries (old series). 4,026 4,254 4,539 4,214 4,284 4,213 12,808 12,961 12,856 12,963 13,037 12,318
Defense products (new series)*........... 2,089 1,999 2,016 2,191 2,006 2,087 7,123 7,235 7,324 7,194 7,284 7,567

New orders Unfilled orders

All manufacturing industries, total.. 55,305 54,634 53,365 58,160 54,860 56,743 84,016 84,908 85,822 83,894 84,653 88,847

Durable goods industries, total............ 29,649 29,476 28,612 31,971 29,776 31,544 81,077 81,945 82,840 80,890 81,612 85,631
Nondurable goods industries, total......... 25,656 25,158 24,753 26,189 25,084 25,199 2,939 2,963 2,982 3,004 3,041 3,216

Industry groups arranged by market
categories:
Home goods and apparel................... 4,828 4,512 4,327 4,666 4,178 4,8661,875 919 2,003 893 1,903 2191
Consumer staples......................... 11,181 10,799 10,816 11,430 10,735 10,559
Equipment and defense products, except
automotive.............................. 8,276 8,838 8,314 9,348 8,771 9,179 5,126 45,834 46,623 44,875 45,259 47,708
Automotive equipment..................... 4,696 4,340 4,385 5,222 4,719 5,095
Construction materials, supplies, and
intermediate products................... 4,606 4,602 4,239 5,069 4,742 4,954 10,593 10,484 10,322 10,817 10,733 10,461
Other materials and supplies and
intermediate products................... 21,718 21,543 21,284 22,425 21,715 22,090 26,422 26,671 26,874 26,309 26,758 28,487

Supplementary series:2
Household durable goods industries....... 2,148 1,995 1,950 2,176 1,947 2,255 1,534 1,566 1,629 1,533 1,524 1,777
Producers' capital goods industries...... 6,222 6,211 6,043 6,729 6,359 7,040 23,954 24,129 24,574 23,970 24,176 24,049
Defense products industries (old series). 3,358 4,003 3,570 3,884 3,678 3,431 27,611 28,279 28,529 27,267 27,596 31,375
Defense products (new series)w*........... 1,748 1,853 1,488 2,044 1,647 1,583 18,985 19,326 19,472 18,749 18,896 21,386


*During
figures on
included i
reporters,


1968 manufacturers


shipments,
n these new


orders,
defense


in ordnance,


communicate


and total inventories


series.


Since there


the data have been seasonally adjusted


new orders adjusted


aircraft


and aircraft


parts, and


for the Department


are no historical data available


using


the factors


of these industries


shipbuilding


of Defense.


deve1o~
P


industries


The results


began


to provide


of these reports


separate seasonal factors
preliminary. Revised.


for trading-day and calendar-month variations; unfilled orders and inventories as of


for these
*Shipments
The supple-


mentary series are regroupings


of the


separate


industry


categories


as follows:


Household


durable


goods


appliances; ophthalmic


industries
goods, wa


- Household


tches,


furniture;


kitchen


articles and pottery;


cutlery,


handtools,


and hardware;


household


and clocks; and miscellaneous personal goods.


Producers'


capital


goods (formerly machinery and equipment)


equipment and machine shops),


electrical


industries


- Machinery, except


electrical (excluding


machinery (excluding household appliances, communication


equipment


farm machinery


and electronic


components),


ship building and


repairing, and railroad and


street


car equipment.


Defense


products


industries


(old series)


- Based


on reports for


companies classified


in the communication equipment,


significant amounts of


nondefense


complete
work in these


industries and omits defense work performed


in the ship building


industry.)


products


industries:


(new series)


- Based on


separate


reports


ordnance, communications, complete aircraft,


in that it includes
and aircraft parts.


on defense


aircraft parts, and


defense


ship building.


contractors in the following
Thus, it differs from the old


work in ordnance, communications,


Shipments


of Defense-Oriented


series


complete aircraft,


Industries,


for the specified industries.


of work performed


aggregate


end of month.


aircraft, aircraft parts, and ordnance industries.


Defense


(Thus, this series includes


The data are comparable to


defense activity in ship building and excludes nondefense


work filed by large


those published annually in the MA-175,













Table 3.--MANUFACTURERS'


(Based


on seasonally


adjusted


Item and industry


Shipments:
All manufacturing
Durable goods indus
Nondurable goods im
Total inventories:
All manufacturing
New orders:
All manufacturing


t


group


industries..
ries. total.


dustries,


total.....


industries.....


industries.....


goods industries, t
le goods industries


otal...
. total.


orders:


goods


industries


total.


Month-to-month


+1.2


-0.2


April-


+2.4


-1.1


Average


March-


June


1970


+0.8


40.7


monthly


3 months

Dec. 1969-
March 1970


40.4


-1.2


rates of change


+0.6


+0.1


12 months


+0.6


Average


Average
rise


+1.4


+0.7


1964-1969


Average
decline


-0.6


Table 4.--RATIO


OF MANUFACTURERS'


INVENTORIES


TO SHIPMENTS


AND UNFILLED


ORDERS


TO SHIPMENTS


BY INDUSTRY


(Based


on seasonally


adjusted


Inen e raUnfilled orders shipments ratio
Inventories shipments ratio m backlog
(months backlog)
Industry group
June May April June June May April June
1970 1970r 1970r 1969 1970p 1970r 1970r 1969


All manufacturing industries, total.................. 1.74 1.76 1.80 1.68 2.44 2.48 2.56 2.64
Durable goods industries, total............................ 2.11 2.13 2.19 2.01 2.95 2.98 3.10 3.17
Stone, clay, and glass products.......................... 1.71 1.74 1.77 1.76 (NA) (NA) (NA) (NA)
Primary metals........................ ................. 1.74 1.79 1.94 1.65 1.42 1.48 1.64 1.50
Fabricated metals........................................ 2.04 2.09 2.19 2.05 3.60 3.65 3.76 3.60
Machinery, except electrical........................... 2.58 2.47 2.55 2.27 3.04 2.99 3.14 3.01
Electrical machinery..................................... 2.39 2.46 2.56 2.26 3.36 3.51 3.64 3.33
Transportation equipment................................. 2.05 2.05 2.05 2.03 5.82 5.64 5.61 7.14
Instruments and related products........ ..........*.* ... 2.23 2.35 2.35 2.06 (NA) (NA) (NA) (NA)
Nondurable goods industries, total............*............ 1.30 1.32 1.34 1.29 0.43 0.43 0.44 0.47
Food and kindred products.............................. 0.86 0.90 0.89 0.92 (x) (X) (X) (X)
Tobacco products......................................... 5.23 4.68 4.83 5.24 (X) (x) (x) (X)
Textile mill products....................................***.. 1.97 1.98 2.00 2.00 (NA) (NA) (NA) (NA)
Paper and allied products................................ 1.17 1.16 1.17 1.08 (NA) (NA) (NA) (NA)
Chemicals and allied products.......*.................... 1.66 1.64 1.70 1.55 (X) (X) (X) (X)
Petroleum and coal products............................. 1.14 1.12 1.10 0.99 (X) (x) (X) (X)
Rubber and plastics products, n.e.c*..................... 1.26 1.30 1.36 1.29 (X) (X) (X) (X)


(NA) Not available.
*Excludes the following


Preliminary.


industries


with


-Revised.
no unfilled


(X)
orders:


Not applicable.


Wooden


containers;


glass containers;


metal cans


barrels


and drums;


vehicle


assembly


operations;


foods and related


products;


tobacco;


apparel


and related


products;


chemicals:;


petroleum


and coal products; and


and plastics


Durable
Nondurab


Untfilled
Durable


GROUP


motor











BY STAGE OF FABRICATION


(Millions


of dollars)


Without seasonal Without seasonal
Seasonally adjusted d eSeasonally adjusted ds
adjustment adjustment
Industry group
Junep May April June May June June May April June May June
1970 1970r 1970 1970p 1970r 1969 19704 1970p 1970 1970p 1970? 1969

Total Materials and supplies

All manufacturing industries, total.. 97,773 97,923 97,775 98,113 98,625 92,509 29,388 29,417 29,475 29,129 29,198 28,468
Durable goods industries, total............ 64,425 64,617 64,690 64,831 65,222 60,863 17,477 17,480 17,558 17,364 17,304 16,931
Stone, clay, and glass products.......... 2,539 2,575 2,577 2,590 2,662 2,480 778 816 827 786 816 772
Primary metals........................... 8,624 8,649 8,588 8,507 8,512 7,692 3,073 3,055 3,029 2,977 2,895 2,719
Machinery (electrical and nonelectrical). 23,243 23,170 23,129 23,511 23,542 21,466 5,620 5,570 5,557 5,644 5,578 5,168
Transportation equipment................. 15,183 15,359 15,453 15,040 15,319 14,555 3,026 3,078 3,131 2,924 3,039 3,177
All other durable goods industries....... 14,836 14,864 14,943 15,183 15,187 14,670 4,980 4,961 5,014 5,033 4,976 5,095
Nondurable goods industries, total......... 33,348 33,306 33,085 33,282 33,403 31,646 11,911 11,937 11,917 11,765 11,894 11,537
Chemicals and allied products........... 6,853 6,826 6,723 6,832 6,813 6,301 2,263 2,266 2,262 2,267 2,260 2,171
Petroleum and coal products.............. 2,447 2,403 2,357 2,423 2,397 2,059 546 542 525 559 554 478
Rubber and plastics products, n.e.c...... 1,927 1,926 1,945 1,929 1,935 1,810 618 607 608 621 602 566
All other nondurable goods industries.... 22,121 22,151 22,060 22,098 22,258 21,476 8,484 8,522 8,522 8,318 8,478 8,322

Work in process Finished goods

All manufacturing industries, total.. 35,244 35,443 35,346 35,327 35,669 33,106 33,141 33,063 32,954 33,657 33,758 30,935
Durable goods industries, total............ 30,271 30,418 30,357 30,308 30,601 28,114 16,677 16,719 16,775 17,159 17,317 15,818
Stone, clay, and glass products.......... 376 382 384 389 407 400 1,385 1,377 1,366 1,415 1,439 1,308
Primary metals........................... 2,919 2,943 2,908 2,880 2,930 2,639 2,632 2,651 2,651 2,650 2,687 2,334
Machinery (electrical and nonelectrical). 11,034 10,979 10,974 11,036 11,076 10,145 6,589 6,621 6,598 6,831 6,888 6,153
Transportation equipment................. 10,647 10,773 10,779 10,598 10,755 9,875 1,510 1,508 1,543 1,518 1,525 1,503
All other durable goods industries....... 5,295 5,341 5,312 5,405 5,433 5,055 4,561 4,562 4,617 4,745 4,778 4,520
Nondurable goods industries, total......... 4,973 5,025 4,989 5,019 5,068 4,992 16,464 16,344 16,179 16,498 16,441 15,117
Chemicals and allied products............ 886 901 880 884 893 928 3,704 3,659 3,581 3,681 3,660 3,202
Petroleum and coal products.............. 537 530 548 546 540 484 1i364 1,331 1,284 1,318 1,303 1,097
Rubber and plastics products, n.e.c...... 306 306 3131 303 305 314 1,003 1,013 1,024 1,005 1,028 930
All other nondurable goods industries.... 3,244 3,288 3,248 3,286 3,330 3,266 10,393 10,341 10,290 10,494 10,450 9,888


Preliminary.
Revised.










Appendix


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


the meaning
represent ai


of the items


involved and do not


revisions from those definitions


previously employed.

DESCRIPTION OF THE SURVEY


The Manufacturers'


Shipments,


EXPLANATION OF TERMS

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


reported


ASM


which


are received


receivable net selling values, f.o.b.


discounts
charges ar


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.


the ASM,


each


manufacturing


establishment provides data on employment, pay-


rolls, shipme
expenditures,
selected items
information or


nts, cost of materials, capital
and inventories as well as other
. The establishments do not provide


i 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 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 unit
operations of


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


estimates by using a


link relative of matched


plant, after


and allowances and excluding freight
id 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 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


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




UNIVERSITY OF FLORIDA

1 I l I Il l ll illl 111111 II 11111 lll1 1 6 089 413
8 3 1262 08589 4136


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.


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


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,
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;


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 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
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.


and (c


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.


USC(1MM-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
sonally adjusted unfilled orders.


sea-


Current Industrial Reports Series M3-1


finished


I


I