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:
October 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:
AA00008477:00037

Related Items

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

Full Text
CSA,


A UNIT STATES
DEPARTMENT OF
COMMERCE
PUBUCATION


DEC


,,r,0 -"C


t..J~/ -f ca~


CURRENT


INDUSTRIAL REPORTS


manufacturers'
Inventories,


Shipments,
and Orders


October


1970


TMENT OF COMMERCE / Bureau of the Census


JOR RELEASE:


December 3, 1970


SERIES:


M3-1(70)-10


|New orders for manufactured products in October
at $54.4 billion declined 2.1 percent or $1.2 billion
toin September, after seasonal adjustment. Ship-
%ieits declined 2.7 percent or $1.5 billion to $55.0
Mikon from $56.5 billion in September. For both
shipments and new orders, the decline was
.. --*.
.ttfibutable largely to the automotive industry?
TIe backlog of unfilled orders declined $600
ilttion to $82.0 billion at the end of October.
Manufacturers' inventories increased $600 million
to $99.2 billion. The inventories to shipments
fhtiaincreased to 1.81 from 1.75 in September.

For the three months ending with October, the
average change in new orders represents a decrease
of I 6 percent compared with an increase of 2.3
percentt for the three months ending with July
nata a decrease of 0.5 percent for the three months
eptiang with April.

EW ORDERS
iew orders for durable goods at $28.7 billion
deceased 4.0 percent or $1.2 billion from $29.9
JHion in September. New orders in the trans-
portation industry declined $900 million as the
sharp drop in.the automotive industry was accom-
panied by small declines in the aerospace and
shipbuilding groups. New orders for primary
metals declined $400 million to $4.3 billion and
fabricated metals declined $200 million to $3.3
billion. New orders for the electrical machinery
industry increased $400 million to $4.0 billion
while the nonelectrical machinery industry
remained virtually unchanged at $5.3 billion.


Ilt should be noted that new orders for the
Motor vehicles industry are not reported as such
but are estimated as equal to shipments. Hence a
decline in shipments is necessarily accompanied
by a decline in new orders. This procedure is
described in greater detail in the Census publi-
cation Manufacturers' Shipments, Inventories, and
Orders: 1961-1970, Series M3-1.2.


Chart 1 Manufacturers' New Orders(Seasonally Adjusted)
Billions of Dollars*


1966 1967 1968 1969


Chart 2 Manufacturers' Shipments (Seasonally Adjusted)
Billions of Dollars*


I I








Among the supplementary series, new orders
for defense products increased $200 million to
$2.2 billion. New orders for household durables
and producers' capital goods each declined $100
million to $2.0 billion and $6.7 billion respectively.

SHIPMENTS

Shipments of durable goods decreased $1.5 billion
to $29.4 billion. Shipments of transportation equip-
ment declined $600 million as the decline in the


automotive
increase i


industry


n the


was partially


aerospace sector.


offset


by an


Shipments of


primary metals declined $500millionto $4.6 billion.


Shipments
fabricated


of the
metals


machinery
industry


industries


each


decline


and the
id $200


million, to $9.4 billion and $3.2 billion respectively.
Shipments of nondurable goods remained virtually
unchanged at $25.6 billion.

UNFILLED ORDERS


Chart 3


- Manufacturers' Unfilled Orders (Seasonally Adjusted)


.1.1 III 11111


Durable Goods


Billions of Dollars*


.4


*Semilog scale
I ,,, ,. I ,, I ,i ,t


I 1 lILA


Unfilled orders for durable goods at $78.8
billion were $700 million below the backlog at the


September.


Transportation


equipment


declined $500 million as a decline in the aerospace
industry was partially offset by an increase in the
shipbuilding and railroad equipment group. The
primary metals backlog decreased $300 million to
$6.5 billion while the fabricated metals industry
increased $200 million to $11.1 billion.

INVENTORIES


Inventories
increased $300


the durable


million


goods


$65.6


industries


billion


while


those in the nondurable goods industries increased
$300 million to $33.6 billion. At the all manu-
facturing level, materials and supplies inventories
increased $300 million, finished goods increased
$200 million, and work in process increased $100
million.
The figures on the durable goods industries in
this 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. The present report is based
on more complete reporting, but the estimates are
also considered preliminary. Final figures will


appear as historical da
published for next month.


ta in the report to be
The advance report on


durable goods for November is scheduled
release on December 22 and the full repo]
scheduled for release on January 4, 1971.


rt is


Chart 4


-- --






LIII IiLI.ttL


Inventory


-


Seasonally Adjusted)


Durable Goods


--Nondura
Nondura


le G- -

ble Goods


Billions of Dollars*


----a


*Semi log scale
I ,,,l,,I 11 1


For an explanation of terms used in this report


I









OF MANUFACTURERS'


(Millions


of dollars)


Without seasonal Without seasonal
Seasonally adjusted adjustment1 Seasonally adjusted adjustment
adjustment adjustment
Industry group Oct. Sept. Aug. Oct. Sept. Oct. Oct. Sept. Aug. Oct. Sept. Oct.
1970P 1970r 1970 1970p 1970r 1969 1970p 1970r 1970 1970' 1970 1969


All manufacturing


industries:


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


Total,


Durable
Stone,


excluding


goods industries,


and glass


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


Primary metals, tot,
Blast furnaces, s
All other primary


Fabricated
Metal ca
Machinery,


Engines


metal
ns, bar


except


products,
rels, and


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


electrics


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


Farm machinery


Construction,


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


mining,


and material


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


General


industrial


Electrical machinery,


Electrical


equipment
Household


transmis
and indu


machinery............
total...............
sion and distribution
strial apparatus.....


appliances, including


radio


and TV.... ...................*,. ...
Communication equipment.................


Transportation


Motor


vehicle


Aircraft,
Instruments


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


missiles, and parts...........
and related products..........


All other durable


Nondurable


goods industries........


goods industries,


Food and kindred


Tobacco
Textile
Paper a


products,


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


ad allied


products,


Pulp, paper,


Chemicals an
Industrial
Petroleum an
Rubber and p
All other no]


d allied pr
chemicals,


oducts,
except


total......
pigments...


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


lastics
durable


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


All manufacturing industries:
Total...............................


Total,


Durable


excluding


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


goods industries,


Primary metals,
Blast furnaces


Fabricated
Machinery,


Engines


Construct
handling


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


electrical,


total.......


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


on,


mining,


and material


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


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


Electrical machinery,


Electrical
equipment
Household


L transmission and dis
Sand industrial appar.
appliances, including


tribution
atus....,
radio


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


Transportation


Aircraft,


All other

Nondurable g
Industries


mis


durable


equipment,
siles, and


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


goods industries........


goods industries,
with unfilled o


t~nf Ii lad


total. ........
rders..,,...,,,


rrdcra


Shipments


54,957
48,419
29,384
1,468
4,586
2,064
2,522
3,177
292
5,413
436
509

686
287
582
4,019

787

752
1,256
6,538
2,850
3,026
1,151
3,032
25,573
8,637
1,683
482
1,807
2,401
1,052
4,052
1,402
2,199
1,471
4,524


54,369
48,290
28,662
4.327


3,330
5,344
464

700
260
574

4,001

768

730
1,414
6,079
2,309
5,581

25,707
7,187
18.-20


3,055
25,612
8,750
1,743
471
1,752
2,351
1,029
4,122
1,385
2,131
1,527
4,508


56,696
48,715
31,270
1,470

4,935
2,287
2,648
3,231
290
5,570
513
499

759
.307
554
3,993

794

743
1,184
7,981
4,489
2,831
1,140
2,950
25,426
8,547
1,750
445
1,691
2,366
1,018
4,184
1,402
2,165
1,541
4,487


56, 644
49,948
30,045
1,608
4,502
1,955
2,547
3,301
289
5,356
418
505

681
290
594
4,217

790

853
1,268
6,696
3,136
2,922
1,193
3,172
26,599
8,989
1,773
470
1,978
2,467
1,058
4,136
1,393
2,204
1,538
4,817


58,436
51,216
31,664
1,627

4,955
2,311
2,644
3,464
357
5,622
475
526

771
343
592
4,295

816

918
1,207
7,220
3,747
2,752
1,233
3,248
26,772
9,294
1,781
480
1,879
2,424
1,037
4,276
1,403
2,166
1,521
4,732


58,586
50,056
32,564
1,604
5,026
2,316
2,710
3,371
297
5,469
413
578

657
339
541
4,175

738

979
1,114
8,530
4,973
2,863
1,176
3,213
26,022
8,677
1,920
414
1,990
2,350
1,011
4,230
1,403
2,082
1,594
4,685


Total inventories


99,229
84,045
65,643
2,698
8,868
4,757
4,111
6,867
821
13,962
998
1,009

2,390
1,129
1,146
9,784

2,123

2,180
2,820
15,184
4,033
8,916
2,663
5,617
33,586
7,432
750
2,185
3,399
2,755
1,077
7,077
2,314
2,440
1,938
6,360


98,658
83,473
65,323
2,658

8,734
4,669
4,065
6,877
801
13,850
982
1,007

2,402
1,127
1,156
9,720

2,073

2,139
2,860
15,185
3,901
9,124
2,690
5,609
33,335
7,376
778
2,168
3,338
2,762
1,090
7,015
2,302
2,417
1,935
6,324


98,488
83,226
65,290
2,626

8,738
4,726
4,012
6,801
727
13,861
955
1,024

2,449
1,141
1,160
9,676

2,047

2,129
2,851
15,262
3,993
9,158
2,680
5,646
33,198
7,336
790
2,171
3,381
2,758
1,094
6,943
2,291
2,422
1,908
6,279


98,308
83,045
65,052
2,555
8,876
4,809
4,067
6,742
789
13,782
995
959

2,340
1,135
1,123
9,663

2,101

2,105
2,817
15,263
4,141
8,919
2,654
5,517
33,256
7,650
732
2,159
3,243
2,716
1,073
6,919
2,275
2,489
1,910
6,170


SI New orders UnfIlled orders
New orders jUnfilled orders


55,523
48,497
29,856
4,709
2,253
3,524
5,346
386

781
307
550

3,606

770

780
821
7,026
2,409
5,645

25,667
6,952
la 71S


55,968
48,409
30,537
4,842
2,310
3,304
5,367
434

727
255
542

3,921

787

764
1,126
7,559
2,677
5,544

25,431
6,861
in 7n


55,798
49,418
29,085
4,295
1,898
3,414
5,204
384

683
251
563

3,968

751

826
1,256
6,380
2,345
5,824

26,713


57,977
50,565
31,166
4,518
2,074
3,574
5,389
452

780
308
548

4,280

795

915
1,286
7,412
2,629
5,993

26,811
7,228
i1 CooQ


58,049
49,904
32,056
5,122
2,397
3,374
5,454
459

678
284
510

4,131

691

981
1,162
8,145
2,674
5,830

25,993
7,210
'0o TO


81,953
54,397
78,834
6,468
3,406
11,083
15,695
4,660

2,289
1,230
1,522

12,939

3,322

510
5,470
27,556
20,587
5,093

3,119
3,119


82,544
54,531
79,559
6,726
3,509
10,931
15,763
4,632

2,275
1,257
1,530

12,960

3,341

534
5,313
28,013
21,302
5,166

2,985
2,985


83,492
55,338
80,561
7,066
3,678
10,773
15,972
4,705

2,250
1,281
1,561

13,394

3,347

544
5,684
28,154
21,696
5,202

2,931
2,931


81,897
53,899
78,812
5,926
2,947
10,971
15,655
4,681

2,250
1,238
1,502

13,192

3,329

554
5,694
27, 998
20,891


97,807
82,561
64,827
2,555

8,685
4,651
4,034
6,809
785
13,712
968
970

2,359
1,127
1,146
9,603

2,053

2,067
2,842
15,246
4,084
9,061
2,670
5,547
32,980
7,389
733
2,086
3,273
2,727
1,076
6,901
2,270
2,457
1,901
6,246


82,747
54,435
79,776
6,134
3,004
10,857
15,809
4,716

2,247
1,277
1,533

13,442

3,368

582
5,706
28,312
21,467
5,222

2,971
2,971


94,118
78,657
62,173
2,343

7,986
4,323
3,663
6,332
633
12,790
949
893

2,152
1,106
1,044
9,168

1,913

2,028
2,716
15,461
4,181
9,390
2,427
5,666
31,945

7,493
748
2,222
3,383
2,541
1,001
6,379
2,207
2,183
1,855
5,889


89,415
56,947
86,410
7,610
3,943
10,453
16,849
4,651

2,112
1,844
1,615

13,326

3,319

692
5,437
32,468
25,201
5,704

3,005
3,005


t


I


1











Table 2.--VALUE OF MANUFACTURERS' SHIPMENTS, IVENTORIES,
(Millions


AND ORDflS, FOR MARKET CATEGORIES AND SUPPLEUMENTARY SERIES
of dollars)


Without seasonal Without seasonal
Seasonally adjusted adjustmenta Seasonally adjusted uten
adjustment- adjustment
Industry group ------ i -- -- -- ,-- -- --.-- -- --i--
Oct. Sept-. Aug. Oct. Sept. Oct.,, Oct. Sept. Aug. Oct. Sept. Oct.
1970O 1970r 1970 1970p 1970 1969 1970p 1970r' 1970 1970p 1970 1969

Shipments Total inventories


All manufacturing industries, total.. 54,957 56,475 56,696 56,644 58,436 58,586 99,229 98,658 98,488 98,308 97,807 94,118

Durable goods industries, total............ 29,384 30,863 31,270 30,045 31,664 32,564 65,643 65,323 65,290 65,052 64,827 62,173
Nondurable goods industries, total......... 25,573 25,612 25,426 26,599 26,772 26,022 33,586 33,335 33,198 33,256 32,980 31,945

Industry groups arranged by market
categories:
Home goods and apparel................... 4,717 4,759 4,608 5,190 5,226 5,283 10,103 10,040 10,037 9,712 9,823 9,571
Consumer staples....................... 11,074 11,143 10,922 11,577 11,844 11,257 12,593 12,497 12,415 12,734 12,423 12,266
Equipment and defense products, except
automotive.............................. 9,488 9,393 9,481 9,358 9,493 9,242 26,443 26,472 26,456 26,239 26,178 25,196
Automotive equipment..................... 3,401 4,247 5,084 3,728 4,377 5,688 5,196 5,045 5,136 5,243 5,174 5,238
Construction materials, supplies, and
intermediate products.................. 4,579 4,716 4,627 4,822 4,989 4,814 8,320 8,246 8,173 8,069 8,080 7,673
Other materials and supplies and
intermediate products................... 21,698 22,217 21,974 21,969 22,507 22,302 36,574 36,358 36,271 36,311 36,129 34,174

Supplementary series:2
Household durable goods industries....... 2,045 2,104 2,005 2,278 2,361 2,482 5,179 5,159 5,159 5,023 5,050 4,955
Producers' capital goods industries...... 6,481 6,630 6,687 6,451 6,770 6,386 17,625 17,418 17,337 17,473 17,258 16,017
Defense products industries (old series). 4,561 4,269 4,291 4,464 4,302 4,251 12,450 12,710 12,761 12,433 12,607 12,951
Defense products (new series)*........... 2,186 2,121 2,112 2,136 2,103 2,035 6,805 6,986 7,056 6,795 6,916 7,717

New orders Unfilled orders

All manufacturing industries, total.. 54,369 55,523 55,968 55,798 57,977 58,049 81,953 82,544 83,492 81,897 82,747 89,415

Durable goods industries, total............ 28,662 29,856 30,537 29,085 31,166 32,056 78,834 79,559 80,561 78,812 79,776 86,410
Nondurable goods industries, total......... 25,707 25,667 25,431 26,713 26,811 25,993 3,119 2,985 2,931 3,085 2,971 3,005

Industry groups arranged by market
categories:
Home goods and apparel................... 4,696 4,751 4,635 5,145 5,211 5,214 1,861 1,864 1,869 1 922 1 942 2,131
Consumer staples........................ 11,093 11,146 10,936 11,602 11,853 11,265 1861 864 869 1922 1 2 23
Equipment and defense products, except
automotive.............................. 9,379 8,983 8,966 9,133 9,680 8,735 44,370 44,516 44,987 44,955 45,257 48,204
Automotive equipment..................... 3,365 4,184 4,981 3,651 4,329 5,563 '
Construction materials, supplies, and
intermediate products................... 4,681 4,941 4,743 4,823 5,122 4,767 10,947 10,845 10,621 10,771 10,772 10,549
Other materials and supplies and
intermediate products.................. 21,155 21,518 21,707 21,444 21,782 22,505 24,775 25,319 26,015 24,249 24,776 28,531

Supplementary series :
Household durable goods industries....... 2,018 2,107 2,030 2,227 2,356 2,418 1,494 1,525 1,521 1,556 1,608 1,757
Producers' capital goods industries...*.. 6,673 6,759 6,299 6,587 6,896 6,239 23,673 23,480 23,351 23,837 23,702 24,514
Defense products industries (old series). 4,042 3,482 4,056 3,917 4,186 4,091 26,509 27,028 27,814 27,052 27,598 31,198
Defense products (new series)*........... 2,160 2,005 1,846 2,126 2,483 1,854 19,528 19,554 19,670 19,958 19,967 20,981


*During 1968 manufacturers in ordnance, conunicatlons, aircraft and aircraft
aggregate figures on shipments, orders, and total inventories of work performed
reports are Included in these new defense series. Since there are no historic d


parts,
for the


and shipbuilding industries


Department


ata available


of Defense.


to develop


separate


these reporters, the data have been seasonally adjusted using the factors of these industries. PPreliminary.
and new orders adjusted for trading-day and calendar-month variations; unfilled orders and inventories as of end
mentary series are regroupings of the separate industry categories as follows:


Household durable goods industries Household furniture; kitchen
household appliances; ophthalmic goods, watches, and clocks; and


began to provide
results of these
seasonal factors for
rRevised, 'Shlpments
month. The supple-


articles and pottery; cutlery, handtools, and hardware;
miscellaneous personal goods.


Producers' capital goods (formerly machinery and equipment) industries Machinery, except electrical (excluding
machinery and equipment and machine shops), electrical machinery (excluding household appliances, communication
ment and electronic components), shipbuilding and repairing, and railroad and street car equipment.


Defense products industries (old series) Based on reports for companies
complete aircraft, aircraft parts, and ordnance industries. (Thus, this
defense work in these industries and omits defense work performed in the


classified in the communication equipment,
series includes significant amounts of non-
shipbuilding industry.)


Defense products (new series) Based on separate reports on defense work filed by large defense contractors in the
following industries: ordnance, communications, complete aircraft, aircraft parts, and shipbuilding. Thus, it differs
from the old series in that it includes defense activity in shipbuilding and excludes nondefense work in ordnance,
communications, complete aircraft, and aircraft parts. The data are comparable to those published annually in the
MA-175, Shipments of Defense- Oriented Industries, for the specified industries.











AND LONG TERM PERCENT


(Based


on seasonally


adjusted


Item and industry


Shipments:
All manufacturing


Durable go
Nondurable


group


ifldustries....,....


ods industries,


goods


Total inventories:
All manufacturing
New orders:
All manufacturing


Durable goods
Nondurable go


Unfilled
Durable


otal,....
. total.....


industries.........


ndustries...,.....


industries,
ods industrie


orders:
goods industries,


total......
s. total.....


total.


Month-to-month,


-2.7


+0.6


-0.9


1970


-0.6


Average


monthly


3 months


+0.3


+1.5


40.2


rates of change


12 months


-0.2


+0.4


-0.8


-1.2


Average,


Average
rise


+1.3


+0.7


1964-69


Average
decline


-0.5


Table 4.--RATIO


OF MANUFACTURERS'


INVENTORIES


TO SHIflIENTS


AND UNFILLED


ORDERS


TO SHIMSNrTS,


BY INDUSTRY


(Based


on seasonally


adjusted


I toie sietsUnfilled orders shipments ratio'
Inventories shipments ratio o backlog)
(months backlog)
Industry group
Oct. Sept. Aug. Oct. Oct. Sept. Aug. Oct.
1970 1970r 1970 1969 1970 1970r 1970 1969


All manufacturing industries, total.................. 1.81 1.75 1.74 1.68 2.37 2.34 2.39 2.54
Durable goods industries, total............................ 2.23 2.12 2.09 1.98 2.87 2.81 2.88 3.05
Stone, clay, and glass products.......................... 1.84 1.79 1.79 1.69 (NA) (NA) (NA) (NA)
Primary metals .......................................... 1.93 1.73 1.77 1.55 1.41 1.33 1.43 1.62
Fabricated metals........................................ 2.16 2.04 2.10 1.98 3.84 3.59 3.66 3.58
Machinery, except electrical.............................. 2.58 2.49 2.49 2.34 2.90 2.84 2.87 3.06
Electrical machinery,.............................. 2.43 2.40 2.42 2.34 3.22 3.21 3.35 3.30
Transportation equipment................................. 2.32 2.12 1.91 1.89 5.30 5.37 5.35 5.97
Instruments and related products........................ 2.31 2.35 2.35 2,15 (NA) (NA) (NA) (NA)
Nondurable goods industries, total................... ...... 1.31 1.30 1.31 1.29 0.44 0.43 0.43 0.42
Foodand kindred products................................ 0.86 0.84 0.86 0.87 (x) (X) (X) (X)
Tobacco products........ ..........*..... ***. .***..... 4.53 4.60 4.88 5.30 (x) (x) (X) (x)
Textile mill products................................... 1.88 1.91 2.00 1.95 (NA) (NA) (NA) (NA)
Paper and allied products................................ 1.15 1.17 1.17 1.13 (NA) (NA) (NA) (NA)
aiemlcals and allied products............................ 1.75 1.70 1.66 1.57 (x) (X) (X) (X)
Itetroleum and coal products.............................. 1.11 1.13 1.12 1.03 (X) (X) (X) (x)
Rubber and plastics products, n.e.c.....,..............* 1.32 1.27 1.24 1.24 (X) (X) (X) (x)


(NA) Not available.
Excludes the following


~Preliminary.


industries


Not applicable.


with no unfilled


orders:


Wooden


containers;


glass containers;


metal


barrels


and drums;


vehicle


assembly


operations;


foods and related


products;


tobacco;


apparel


and related


products;


chemicals;


petroleum


and coal products;


products, n.e.c,


industries


GROUP


motor








BY STAGE OF FABRICATION,


(Millions


of dollars)


Without seasonal Without seasonal
Seasonally adjusted adjustment Seasonally adjusted adjustment
adjustment 'adjustment
Industry group
Oct. Sept. Aug. Oct. Sept. Oct. Oct. Sept. Aug. Oct. Sept. Oct.
1970p 1970r 1970 1970p 1970r 1969 1970p 1970r 1970 1970 1970r 1969

Total Materials and supplies


All manufacturing industries, total.. 99,229 98,658 98,488 98,308 97,807 94,118 29,824 29,529 29,477 29,920 29,627 29,167
Durable goods industries, total........... 65,643 65,323 65,290 65,052 64,827 62,173 17,759 17,652 17,621 17,969 17,940 17,296
Stone, clay, and glass products.......... 2,698 2,658 2,626 2,555 2,555 2,343 861 854 832 855 849 775
Primary metals............................. 8,868 8,734 8,738 8,876 8,685 7,986 3,167 3,108 3,091 3,302 3,214 2,917
Machinery (electrical and nonelectrical). 23,746 23,570 23,537 23,445 23,315 21,958 5,589 5,600 5,603 5,585 5,608 5,381
Transportation equipment................. 15,184 15,185 15,262 15,263 15,246 15,461 3,109 3,056 3,096 3,195 3,202 3,162
All other durable goods industries....... 15,147 15,176 15,127 14,913 15,026 14,425 5,033 5,034 4,999 5,032 5,067 5,061
Nondurable goods industries, total......... 33,586 33,335 33,198 33,256 32,980 31,945 12,065 11,877 11,856 11,951 11,687 11,871
Chemicals and allied products............ 7,077 7,015 6,943 6,919 6,901 6,379 2,326 2,300 2,293 2,309 2,282 2,236
Petroleum and coal products.............. 2,440 2,417 2,422 2,489 2,457 2,183 553 546 549 554 547 495
Rubber and plastics products, n.e.c...... 1,938 1,935 1,908 1,910 1,901 1,855 601 594 584 606 610 603
All other nondurable goods industries.... 22,131 21,968 21,925 21,938 21,721 21,528 8,585 8,437 8,430 8,482 8,248 8,537

Work in process Finished goods

All manufacturing industries, total.. 35,513 35,426 35,451 35,330 35,201 34,475 33,892 33,703 33,560 33,058 32,979 30,476
Durable goods industries, total............ 30,558 30,539 30,555 30,410 30,312 29,428 17,326 17,132 17,114 16,673 16,575 15,449
Stone, clay, and glass products.......... 408 406 401 377 383 373 1,429 1,398 1,393 1,323 1,323 1,195
Primary metals........................... 2,976 2,955 2,940 2,951 2,903 2,713 2,725 2,671 2,707 2,623 2,568 2,356
Machinery (electrical and nonelectrical). 11,132 11,042 11,055 11,061 10,964 10,522 7,025 6,928 6,879 6,799 6,743 6,055
Transportation equipment................. 10,589 10,669 10,649 10,595 10,618 10,753 1,486 1,460 1,517 1,473 1,426 1,546
All other durable goods industries....... 5,453 5,467 5,510 5,426 5,444 5,067 4,661 4,675 4,618 4,455 4,515 4,297
Nondurable goods industries, total......... 4,955 4,887 4,896 4,920 4,889 5,047 16,566 16,571 16,446 16,385 16,404 15,027
Chemicals and allied products......... 860 862 866 858 863 949 3,891 3,853 3,784 3,752 3,756 3,194
Petroleum and coal products............. 525 518 521 530 526 502 1,362 1,353 1,352 1,405 1,384 1,186
Rubber and plastics products, n.e.c...... 311 307 309 317 315 325 1,026 1,034 1,015 987 976 927
All other nondurable goods industries.... 3,259 3,200 3,200 3,215 3,185 3,271 10,287 10,331 10,395 10,241 10,288 9,720

Preliminary.
rRevised.


GROUP








Appendix


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


ne meaning
represent ai


of the


items


involved and do not


revisions from those definitions


previously employed.


EXPLANATION OF TERMS

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


reported


ASM


which


are received


DESCRIPTION OF THE SURVEY


receivable net selling values, f.o.b.


discounts


plant, after


and allowances and excluding freight


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-


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


lishments.


the ASM,


each


manufacturing


establishment provides data on employment, pay-


rolls,


shipments,


penditures, an
selected items.
information on


cost of materials,


inventories


as well


capital ex-
l as other


The establishments do not provide


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.


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


The monthly


survey


M3-1 does not provide


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


The monthly reporting panel consists of ap-
proximately 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 typically comprises the entire
operations of 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
companies in each indus


link relative of matched


during the year is requested rather than the value
of shipments.

The value of shipments figures developed from
the ASM contain duplication at the all manufac-
turing and industry group levels since the products
of some industries are used as materials by other
industries within the industry group. With the ex-
ception of motor vehicles, it is not significant at
the 4-digit SIC grouD level. Since the M3-1 in-


0
dustry cate
industries,


0 A.
gories typically are groupings of
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


net sales


to outside customers.


Although this




UNIVERSITY OF FLORIDA

1 1 I I 1 l I II II I I II III
3 1262 08589 4128


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 min an industry is
not precise. The figures on the change in inm-


ventories


from


one period


to the next are of


greater significance than the actual aggregates.


Inven


cation:


stories are reported by stage of fabri-
(a) finished goods; (b) work in process;
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,


finished


it should be noted that a


product of one industry may be a raw


material for another industry at the next stage of
fabrication. Insofar as the durable andnondurable
goods sectors and also the 2-digit industry groups


contain inc
processing,


dustries


successive


stages


the same type of commodity may be


included under different inventory categories in
the aggregate statistics.


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 un-
filled 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
agreement 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 paritial 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 re-
porting period are equal to unfilled orders at the


beginning


of the period


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.


derived


New orders are


from the shipments plus net change in
-


unfilled orders for each industry category. 1This
procedure is followed for seasonallyadjusteddata
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.