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:
November 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:
AA00008477:00038

Related Items

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

Full Text
. D


A UNITED STATES
DEPARTMENT OF
COMMERCE
PUBLICATION


CURRENT 1 /
CURRENT


-I


INDUSTRIAL


ufacturers'

inventories,


REPORTS


and


Orders


November


1970


MENT OF COMMERCE / Bureau of the Census


FOR RELEASE:


January 4, 1971


SERIES:


M3-1(70)


New orders for manufactured products in No-
ember at $54.6 billion increased 0.7 percent or
400 million from $54.2 billion in October, after
seasonal adjustment. Shipments declined 1.2 per-


cent


or $600 million to $54.3 billion from $54.9


billion in October.


The backlog of unfilled orders


increased 0.3 percent to $82.1 billion at the end


November.


creased
ventories


Manufacturers'


million


to shipments


inventories


to $100.0 billion.


ratio


increased


from 1.81 in October.


The in-
to 1.84


For the three months ending with November,


the average


change


in new orders represents a


decirease of 0.8 percent compared with an increase
o0 5 percent for the three months ending with


uiitst and an
dn1ths ending

,ORDERS
orders
cased 1.9
I/ itn in Oct
iAiustries inc


ftom $9.


increase of 0.3
with May.


percent for the three


Chart 1


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


1967 1968 1969


Chart 2 Manufacturers'


s for durable goods at $29.0 billion
percent or $500 million from $28.5


ober.


New orders in the machinery


treased $300 million to $9.5 billion


billion in October.


New orders in the


transportation industry increased $200 million to


billion


as an increase in the aerospace group


was partially offset by a decline in the automotive


industry.


orders


for primary


creased $200 million to $4.6 billion.


durable
creases.


goods


industries


Among the supplementary


registered


series,.


metals


Most other
slight de-


new orders


for producers' capital goods increased $400 million


to $6.9 billion.


New orders for defense products


declined $100 million to $2.0 billion and those for


household durables increased $100 million to $2.1


billion.


Chart 1)


Shipments (Seasonally Adjusted)
Billions of Dollars*


Shipments,


Th






SHIPMENTS


Shipments


Chart 3


of durable


goods


decreased


million or 1.9 percent to $28.8billion inNovembe'r.


Shipments
billion de


of transportation


lined


million,


equipment
primarily


at $6.2
in the


aerospace group. Shipments of primary metals
declined $200 million to $4.4 billion. Shipments of


nondurable goods declined slightly to $25
(See Chart 2)


billion.


UNFILLED ORDERS


Unfilled


billion


orders


increased


at the end of October.


primary


metals


for durable


goods


at $78.9


million from the backlog
Unfilled orders for the


and machinery


increased $100 million,


billion


respectively.


industries


each


to $6.6 billion and $28.7


backlog


tran-


sportation equipment remained virtually unchanged


declines


industries
shipbuilding
Chart 3)


the automotive


were


offset


and aerospace
increase in the


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


hull 11111


Durable Goods


,,1i,,1


ilog scale


''III'


and railroad equipment group.


INVENTORIES


Chart 4


- Total Inventory (Seasona


lly Adjusted)


Billions of Dollars*


Inventories


in the durable


goods


industries


increased $400 million to $66.0 billion while those
in the nondurable goods industries increased $200
million to $34.0 billion. At the all manufacturing


level, f
million,
million,
million.


finishedd
mater


goods inventories increased $300


als


work


and supplies


process


increased
increased


(See Chart 4)


The figures on the durable goods industries in
this report supersede those issued earlier in the


advance
report


report


on durable


goods.


The advance


is based on a tabulation of early reports


and is limited


orders,


to statistics


unfilled


industry categories.


orders


on shipments,


new


a few broad


The present report is based


on more complete reporting, but the estimates are


considered


preliminary.


appear as historical da
published for next month.


durable


goods


Final


in the


figures will


report


to be


The advance report on


December


is scheduled


release on January 25, 1971 and the full report is
scheduled for release on February 2.

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


Inquiries
addressed to


concerning these figures should be
the U.S. Department of Commerce,


Bureau of the Censu1
ington, D.C. 20233.


s,


Industry Division,


Wash-


,,I 1i, ,1


Total


Durable Goods


N-od
Nondura


ible Goods


*Semilog scale
i i 111111,1,111








OF MANUFACTURERS'


(Millions


of dollars)


Industry


All manufacturing


group


industries:


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


Total,


Durable g
Stone,
Primary


excluding


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


oods industries,


clay,


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


metals,


Blast furnaces


All other


prim


Fabricated metal


Metal ca
Machinery,


Engines


ns, bar


except


products,
rels, and


total..........
drums.........
alj total.......


electric


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


Farm machinery


Construction, mining,


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


and material


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


dustrial
machinery,


General in,
Electrical mi
Electrical
equipment


Household


Communication
Transportation
Motor vehicle


Aircraft,
Instruments
All other d
Nondurable go.


mis
and
urab


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


transmission a
and industrial


nd distribution
apparatus.....


appliances, including


radio


n equipment.................
equipment, total...........
s and parts................
siles, and parts...........
related products..........
le goods industries........


ods industries,


Food and kindred


products,


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


Tobacco
Textile
Paper a:
Pulp,


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


nd allie
paper,


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


products,


d allied products,
chemicals, except


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


lastics
ndurable


All manufacturing


Total,


Durable


excluding


goods industries,


total......
pigments...


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



industries:


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


Primary metals,
Blast furnaces


Fabricated
Machinery,


Engines


metal
excep


total..,..................
;, steel mills.............
products...... ......,,,.


gt


electrical,


total.......


and turbines.....,............ .


Construction, mining,


and material


handling


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


General in'

Electrical m
Electrical
equipment
Household


dustrlal machinery............


achinery,
transmiss
and indus
appliances


Communication
Transportation


Aircraft,


All other

Nondurable g
Industries


mis,


durable


total ..... .. .,.....,
ion and distribution
trial apparatus.....


, inc


equipment,
siles, and


goods


goods industries,
with unfilled o


Industries without


unfilled


luding


radio


%otal..,.........
parts...... ....
dustries........

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


orders____ .


Seasonally


adjusted


Without seasonal
adjustment'


Shipments


54,573
48,343
39,043
4,554
2,060
3,348
5,408
575

690
267
580

4,056

821

760
1,204
6,230
2,599
5,447

25,530
6,901
18.629


1,111
3,061
25,567
C COO


54,190
48,128
28,504
4,348
1,977
3,302
5,253
464

708
270
523

3,954

744

730
1,380
6,062
2,255
5,585

25,686
7,053
TR fia


56,475
49,306
30,863
1,482
5,049
2,422
2,627
3,365
321
5,555
458
528

756
332
582
4,042

776

790
1,192
7,169
3,630
2,804
1,146
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


54,227
47,790
28,658
1,437
4,245
1,838
2,407
3,240
268
5,132
543
294

646
301
485
4,166

798

793
1,263
6,437
3,005
2,746
1,125
2,876
25,569
8,868
1,725
458
1,777
2,354
1,015
3,934
1,332
2,191
1,448
4,539


56,638
49,936
30,041
1,610
4,509
1,960
2,549
3,340
290
5,315
405
514

687
295
554
4,209

773

857
1,267
6,702
3,167
2,888
1,152
3,204
26,597
9,181
1,847
467
1,910
2,447
1,053
4,128
1,385
2,186
1,523
4,755


55,928
47,692
30,986
1,450
4,849
2,198
2,651
3,133
259
5,237
400
352

634
331
501
3,942

702

855
1,097
8,236
4,439
3,145
1,204
2,935
24,942
8,383
1,755
438
1,847
2,278
969
4,036
1,380
2,142
1,405
4,413


Seasonally


adjusted


Without


seasonal


adjustment


Total inventories


00,043
84,919
66,002
2,688
9,027
4,846
4,181
7,070
836
14,068
998
1,019

2,427
1,124
1,158

9,733

2,142

2 164
2,791
15,124
4 n4R


99,466
84,304
65,628
2,684
8,866
4,747
4,119
6,866
821
14,004
1,006
1,010

2,402
1,131
1,163
9,780

2,121

2,187
2,817
15,162
4,021
8,910
2,650
5,616
33,838
7,632
788
2,185
3,397
2,756
1,082
7,069
2,309
2,461
1,949
6,389


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


99,264
84,080
65,442
2,574
9,105
4,963
4,142
6,883
776
13,964
1,001
993

2,418
1,126
1,150
9,574

2,107

2,083
2,783
15,184
4,137
8,821
2,622
5,536
33,822
8,031
787
2,183
3,162
2,727
1,080
7,042
2,297
2,581
1,957
6,139


New orders Unfilled 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
1R 71i


53,889
47,771
28,277
4,465
1,989
3,222
5,162
586

631
264
528

3,989

789

732
1,155
6,118
2,280
5,321

25,612
7,069
1R 54q


55,632
49,262
28,936
4,314
1,912
3,388
5,116
385

692
262
511

3,919

726

826
1,221
6,370
2,292
5,829

26,696
7,400
1Q lac


55,372
47,114
30,430
4,708
2,095
3,068
5,195
423

628
321
478

3,671

707

714
1,030
8,258
2,798
5,530

24,942
6,981
t7 Qcl1


82,061
54,505
78,925
6,605
3,475
11,050
15,759
4,731

2,308
1,209
1,566

12,906

3,341

525
5,396
27,556
20,456
5,049

3,136
3,136


81,797
54,260
78,693
6,481
3,417
11,019
15,646
4,674

2,291
1,235
1,510

12,900

3,314

508
5,437
27,537
20,567
5,110

3,104
3,104


- I -


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


81,392
53,731
78,281
6,157
3,106
10,887
15,636
4,758

2,237
1,206
1,533

12,974

3,311

490
5,552
27,661
20,404
4,966

3,111
3,111


98,542
83,302
65,036
2,541
8,875
4,800
4,075
6,741
789
13,823
1,003
960

2,352
1,136
1,140
9,659

2,099

2,112
2,814
15,240
4,129
8,913
2,642
5,515
33,506
7,851
768
2,159
3,241
2,718
1,078
6,911
2,270
2,511
1,919
6,196


81,735
53,757
78,664
5,938
2,956
10,905
15,609
4,696

2,252
1,244
1,490

13,152

3,321

551
5,660
27,978
20,870
5,082

3,071
3,071


- I


94,755
79,259
62,570
2,376
8,081
4,388
3,693
6,345
619
13,015
982
918

2,206
1,099
1,077
9,164

1,903

2,023
2,732
15,496
4,177
9,414
2,420
5,673
32,185
7,649
806
2,200
3,343
2,572
1,022
6,459
2,224
2,207
1,866
5,889


88,859
56,369
85,854
7,469
3,840
10,388
16,807
4,674

2,106
1,834
1,592

13,055

3,324

551
5,370
32,490
24,854
5,645

3,005
3,005


*d


r









AND ORDERS, FOR MARKET


(Millions


o dollars)


Seasonally adjusted Without seasonal Without seasonal
Seasonally adjusted adjustment Seasonally adjusted adjustment
adjustment -adjustment
Industry group
Nov. Oct. Sept. Nov. Oct. Nov. N ov. Oct. Oct. Nov.
1970 970 1970 1970p 1970 1969 1970p 1970r 1970 1970p 1970r 1969

Shipments Total inventories


All manufacturing industries, total.. 54,301 54,936 56,475 54,227 56,638 55,928 100,043 99,466 98,658 99,264 98,542 94,755

Durable goods industries, total............ 28,806 29,369 30,863 28,658 30,041 30,986 66,002 65,628 65,323 65,442 65,036 62,570
Nondurable goods industries, total......... 25,495 25,567 25,612 25,569 26,597 24,942 34,041 33,838 33,335 33,822 33,506 32,185

Industry groups arranged by market
categories:
Home goods and apparel................... 4,674 4,716 4,759 4,740 5,190 4,636 10,145 10,158 10,040 9,684 9,764 9,498
Consumer staples.......................... 11,168 11,220 11,143 11,281 11,730 10,835 12,758 12,679 12,497 12,996 12,823 12,403
Equipment and defense products, except
automotive............................. 9,107 9,373 9,393 8,998 9,241 9,202 26,450 26,439 26,472 26,302 26,236 25,477
Automotive equipment..................... 3,415 3,453 4,247 3,572 3,788 4,994 5,202 5,194 5,045 5,262 5,239 5,255
Construction materials, supplies, and
intermediate products................... 4,663 4,595 4,716 4,542 4,843 4,495 8,457 8,306 8,246 8,221 8,054 7,731
Other materials and supplies and
intermediate products................... 21,274 21,579 22,217 21,094 21,846 21,766 37,031 36,690 36,358 36,799 36,426 34,391

Supplementary series:2
Household durable goods industries-....... 2,049 2,085 2,104 2,104 2,322 2,148 5,199 5,195 5,159 5,025 5,039 4,944
Producers' capital goods industries...... 6,575 6,423 6,630 6,522 6,389 6,317 17,740 17,659 17,418 17,630 17,506 16,189
Defense products industries (old series). 4,220 4,524 4,269 4,267 4,429 4,503 12,336 12,429 12,710 12,297 12,413 12,998
Defense products (new series)*........... 2,042 2,184 2,121 2,067 2,133 2,221 6,671 6,803 6,986 6,657 6,793 7,586

New orders Unfilled orders

All manufacturing industries, total.. 54,573 54,190 55,523 53,889 55,632 55,372 82,061 81,797 82,544 81,392 81,735 88,859

Durable goods industries, total............ 29,043 28,504 29,856 28,277 28,936 30,430 78,925 78,693 79,559 78,281 78,664 85,854
Nondurable goods industries, total......... 25,530 25,686 25,667 25,612 26,696 24,942 3,136 3,104 2,985 3,111 3,071 3,005

Industry groups arranged by market
categories:
Home goods and apparel................... 4,696 4,651 4,751 4,681 5,102 4,482 1851 1818 1864 1833 1875
Consumer staples......................... 11,180 11,238 11,146 11,296 11,754 10,837 979
Equipment and defense products, except
automotive................................. 9,359 9,180 8,983 8,662 8,934 9,133 44398 44291 44 516 44511 44,876 48293
Automotive equipment..................... 3,273 3,422 4,184 3,544 3,717 5,152
Construction materials, supplies, and
intermediate products................... 4,694 4,753 4,941 4,483 4,897 4,405 11,032 11,003 10,845 10,765 10,825 10,459
Other materials and supplies and
intermediate products................... 21,371 20,946 21,518 21,223 21,228 21,363 24,780 24,685 25,319 24,283 24,159 28,128

Supplementary series:2
Household durable goods industries....... 2,074 2,015 2,107 2,042 2,228 1,991 1,480 1,455 1,525 1,453 1,513 1,600
Producers' capital goods industries...... 6,934 6,552 6,759 6,650 6,468 6,454 23,968 23,611 23,480 23,904 23,779 24,651
Defense products industries (old series). 4,068 3,954 3,482 3,683 3,829 4,053 26,303 26,456 27,028 26,412 26,997 30,748
Defense products (new series)*........... 2,018 2,125 2,005 1,733 2,091 2,057 19,472 19,496 19,554 19,591 19,925 20,817


aircraft and aircraft


parts, and ship building industries began to provide aggregate


on shipments,


included in these new


reporters,
new orders


orders,
defense


series.


the data have been seasonally


adjusted


for trading-day


of work performed for the


Since there are no historical


ad ousted


using


the factors


and calendar-month variations;


Department of


Defense.


The results of these reports are


data available to develop separate seasonal factors for
of these industries. Preliminary. Revised.


unfilled


orders


and inventories as of


end of month.


these
1Shipments
The supple-


mentary


are regroupings


of the separate


industry


categories


as follows:


Household durable


goods


industries Household


furniture;


kitchen


articles and pottery;


cutlery,


handtools,


and hardware;


household


appliances;


ophthalmic


goods, watches, and clocks; and miscellaneous


personal


goods.


Producers


capital


goods (formerly machinery


and equipment)


industries Machinery,


except electrical


(excluding


farm machinery


equipment and machine shops),


components),


shipbuilding


electrical


and repairing,


machinery (excluding household appliances, communication equipment and electronic
and railroad and street car equipment.


Defense


products


industries


(old series)


- Based on reports for companies classified


in the communication equipment, complete


aircraft, aircraft parts,


and ordnance industries.


(Thus, this series includes significant


amounts


of nondefense


work in these


industries


and omits defense work performed


in the ship building


industry.)


fense product
industries:


s


(new series)


- Based on separate reports on defense


ordnance, communications, complete


in that it includes


aircraft, a
Industries,


defense


parts.


for the specified


activity in


aircraft,


aircraft


ship building and excludes


The data are comparable to
industries.


work filed by large defense


parts, and
nondefense


those published annually


ship building.


contractors in t


Thus,


it differs


he following
from the old


work in ordnance, communications, complete


in the MA-175,


Shipments


of Defense-Oriented


SDuring


figures


1968 manufacturers in ordnance,


communications


and total inventories


De


nd aircraft


series









Table 3.--MANUFACTURERS,


(Based


on seasonally


adjusted


Item and industry


Shipments:
All manufacturing


Durable go
Nondurable


group


industries..


ods industries,


goods industries,


Total inventories:
All manufacturing
New orders:
All manufacturing


Durable go
Nondurable


Unfilled
Durable


total.


total.


industries.....


industries.....


ods industries,


goods


industries


total....


total.


orders:


goods


industries


total.......


Month-to-month


-2.8


+0.8


-1.1


1970


-0.4


40.2


-1.2


Average


monthly


3 months


-0.7


-0.5


rates of change


12 months


-0.2


-0.8


+0.1


40.3


-1.0


Average, 1964-69


Average
rise


+1.3


+1.2


Average
decline


-1.2


-0.0


-0.5


Table 4.--RATIO


OF MANUFACTURERS'


INVENTORIES


TO SHIPMENTS


AND UNFILLED


ORDERS


TO SHIPMENTS


BY INDUSTRY


(Based


on seasonally


adjusted


nn e st ri Unfilled orders shipments ratio1
Inventories shipments ratio
(months' backlog)
Industry group
Nov. Oct. Sept. Nov. Nov. Oct. Sept. Nov.
1970 1970r 1970 1969 1970 1970 1970 1969


All manufacturing industries, total.................. 1.84 1.81 1.75 1.71 2.48 2.38 2,34 2.57
Durable goods industries, total.............................. 2.29 2.23 2.12 2.03 3.01 2.87 2.81 3.09
Stone, clay, and glass products.......................... 1.83 1.83 1.79 1.67 (NA) (NA) (NA) (NA)
Primary metals...................................... .... 2.04 1.93 1.73 1.58 1.49 1.41 1.33 1.58
Fabricated metals....................................... 2.13 2.14 2.04 2.03 3.67 3.77 3.59 3.62
Machinery, except electrical...... ..................... 2.66 2.61 2.49 2.42 2.98 2.91 2.84 3.12
Electrical machinery.................................... 2.40 2.44 2.40 2.44 3.19 3.22 3.21 3.40
Transportation equipment................................. 2.44. 2.32 2.12 1.97 5.55 5.31 5.37 6.03
Instruments and related products......................... 2.42 2.39 2.35 2.08 (NA) (NA) (NA) (NA)
Nondurable goods industries, total......................... 1.34 1.32 1.30 1.30 0.46 0.45 0.43 0.42
Food and kindred products................................ 0.87 0.87 0.84 0.88 (X) (X) (X) (X)
Tobacco products......................................... 4.92 4.57 4.60 5.17 (X) (X) (X) (X)
Textile mill products..................................... 1.95 1.95 1.91 1.98 (NA) (NA) (NA) (NA)
Paper and allied products............. ............. 1.17 1.16 1.17 1.14 (NA) (NA) (NA) (NA)
Chemicals and allied products............................ 1.77 1.75 1.70 1.58 (X) (X) (X) (X)
Petroleum and coal products* ***.......................... 1.17 1.13 1.13 1.02 (X) (X) (X) (X)
Rubber and plastics products, n.e.c...................... 1.33 1.34 1.27 1.30 (X) (X) (X) (X)


(NA) Not available.
1Excludes the following


vehicle


assembly


operations;


Pre liminary.


industries


with


foods and related


rRevised.
no unfilled


products;


(X) No
>rders: W
tobacco;


>t applicable.


wooden


apparel


containers;


and related


glass containers;


products;


metal


chemicals;


barrels


petroleum


and drums;


motor


and coal products;


rubber and plastics products, n.e.c.


data)


GROUP










BY STAGE OF FABRICATION,


(Millions


of dollars)


Without seasonal Without seasonal
Seasonally adjusted adjustment Seasonally adjusted adjustment
adjustment "adjustment
Industry group
Nov. Oct. Sept. Nov. Oct. Nov. Nov. Oct. Sept. Nov. Oct. Nov.
1970Q 1970r 1970 1970p 1970r 1969 1970' 1970r 1970 1970 1970r 1969


All manufacturing


Durable goo
Stone, cl
Primary m
Machinery


ds industries


industries,
, total....


ay, and glass products..
etals ...................


(electrical


Transportation


All other
Nondurable
Chemicals
Petroleum
Rubber an'


durable


total..
........
*. .. .. .
*...... ~


and nonelectrical


equipment..


goods industries,


and allied


I...........i....
idustries .......

total.........


products.........


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


d plastics


All other nondurable



All manufacturing


Durable goo
Stone, cl
Primary mi
Machinery


products,


goods industries...


industries,


total.


ds industries,


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


(electrical


and nonelectrical).


Transportation equipment................
All other durable goods industries.......


Nondurable
Chemicals
Petroleum
Rubber an


goods industries,


and allied


total........


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


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


d plastics


All other nondurable


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


Total


100.043


34.041


98,542

65,036

2,541
8,875
23,482


33.506


14,438


Materials


29,825

17,708


17.652


and supplies


Work in process Finished goods


4,674

16,743

3,820
1,471


10,418


15.224


9,799


PPreliminary.
Revised.


f- ~ I -- f i


goods


ay,


GROUP


n -j_ -







Appendix


The following is a description of the survey and


definitions used.


These are provided to clarify


EXPLANATION OF TERMS


the meaning
represent ax


of the items


involved and do not


revisions from those definitions


previously employed.


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 annualtotalspublished each
year in the annual survey of manufactures (ASM).
The ASM is based on a sample of approximately
60,000 manufacturing establishments drawn from
the 5-year census universe of about 310,000 estab-


lishments.


the ASM,


each


manufacturing


establishment provides data on employment, pay-
rolls, shipments, cost of materials, capital ex-


penditures, an
selected items.


inventories


as well


as other


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
in the Standard Industrial Classification System
(SIC) and areadata for industrygroups.


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.


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 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


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
operations


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
companies in each indus


link relative of matched


industries within the industry group.


With the ex-


ception of motor vehicles, it is not significant at


the 4-digit SIC group level.


dustry ca
industries,


te


Since the M3-1 in-


egories 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

8 3 128l2 05llI 9 427 i
8 3 1262 08589 4276


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


New Orders Received


and Unfilled Orders--


Orders as reported in the monthly survey are net


* -1 ".


it is assumed that the month-to-month


changes in company sales in me 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. The figures on the change in in-


ventories


from


one period


to the next are of


greater significance than the actual aggregates.


Inven
cation:
and (c)
inventor


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


ie


materials, s
*s. In using


applies, fuel
inventories


and other
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 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.


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 ofparitial 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


net new orders


received less net sales.
While both new orders and unfilled orders are
used in reviewing individual company reports for


consistency,


only unfilled orders are estimated


directly in the tabulated totals.


derived


New orders are


from the shipments plus net change in


unfilled orders for each industry category. This
procedure is followed for seasonally adjusted data
as well as for the unadjusted data. Shipments and
unfilled orders are seasonally adjusted independ-
ently. Seasonally adjusted new orders are derived
from seasonally adjusted shipments and sea-
sonally adjusted unfilled orders.


reports,