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:
December 1971
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:
AA00008477:00040

Related Items

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

Full Text
1A


A UNITED STATES
DEPARTMENT OF
COMMERCE
PUBUCATION


CURRENT


7 INDUSTRIAL/
INDUSTRIAL


Manufacturers'


Inventories,


REPORTS


Shipments,


and


Orders


January


1971


U.S. DEPARTMENT OF COMMERCE / Bur


FOR RELEASE:


March 4, 1971


S: M3-1(71)-1


New Orders for manufactured products in
January at $57.9 billion increased 2.5 percent or
$1.4 billion from December, after seasonal adjust-
ment. Shipments increased $1.1 billion or 2.0


percent to $56.9 billion from $55.8 billion in
December. The backlog of unfilled orders in-
creased $900 million to $83.6 billion at the end of
January. Manufacturers' inventories declined $400


million to $99.3 billion from $99.7 billion at the
end of December. The inventories to shipments
ratio declined to 1.74 from 1.79 in December.


For the three months ending with January, the
average change in new orders represents an in-
crease of 2.2 percent compared with a decrease of
1.7 percent for the three months ending with October


and an increase of
ending with July.


percent for the three months


manufacturers' New Orders


Illy Adjusted)
Billions of Dollars*


1967


Chart 2 Manufacturers' Shipments (Seasonally Adjusted)


NEW ORDERS


New Orders for durable goods at $31.8 billion
increased 3.9 percent or $1.2 billion from $30.6


billion


in December.


The December new orders


figure of $30.6 billion is an upward change of $600
million from the previously published total of $30.0
billion, reflecting revised data from respondents.
New orders for transportation equipment increased
$1.0 billion as both the automotive and the ship-
building and railroad equipment groups increased
while the aerospace industry remained virtually
unchanged. New orders for primary metals in-
creased $500 million to $5.4 billion while new
orders for the machinery industries declined $300
million to $9.5 billion.

Among the supplementary series, new orders for
defense products increased $200 million to $2.2
billion and for producers' capital goods $500 million
to $7.0 billion, both influenced primarily by the
shipbuilding and railroad equipment group. New
orders for household durables decreased $100


1967


Billions ot Dollars*


*700 no, I,,tj


"- UBflJde Goods



S..-- Nondurable Goods



*Semilog scale


A h A


J d


IIIII
1967








2

SHIPMENTS


Shipments of durable goods increased $800
million or 2.8 percent to $30.9 billion in January.
Shipments of transportation equipment increased
$200 million to $7.4 billion as an increase in the
automotive sector was partially offseby a decrease
in aerospace. Shiprents' it the mnachinery in-
dustries increased 200 -million to $!4 billion.
Shipments of moft other major sept s also
registered increases. (See Chart 2) ^

UNFILLED ORDERS -
UNFILLED ORES 1 i~i


Unfilled


order


durable


$900 million to $8W
the end of December.


metals


increased


l increased
9. billion at
.for primary
$7.6 billion.


Unfilled orders for transportation equipment in-
creased $600 million, primarily in the shipbuilding
and railroad equipment group. Unfilled orders for
fabricated metal products declined $300 million to
$10.8 billion. (See Chart 3)


INVENTORIES


Chart 3


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


hit, liii ~ i-I.


Chart 4


C


Durable Goods


*Semi log scale
l l ll, IIlI 111111


Total Inventory (Seaconally Adjusted)


Inventories in both the durable and nondurable


goods sectors declined,
billion respectively. At


to $65.3 billion and $34.0
the all manufacturing level,


materials and supplies and work-in-process in-
ventories declined while finished goods remained


virtually unchanged.


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


industries categories.


orders


on shipments,


new


for a few broad


The present report is based


on more complete reporting, but the estimates are


considered preliminary.


appear as historical dai
published for next month.


Final figures will


in the


report


to be


The advance report on


durable goods for February is scheduled for release
on March 19, 1971 and the full report is scheduled
for release on March 30.

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


Inquiries


concerning


addressed to the U.S.
Bureau of the Censu


ington, D.C.


s.


20233.


these


figures


should be


Department of Commerce,
, Industry Division, Wash-


- -


-
-
* -


DTotal




Durable Goods


-- -- -


-
- -


Nondurable Goods


Billions of Dollars*


Semi log scale
S I I I I I I I I I, I 4 I *l I


1967 1968


1969 1970 1971










4.






ii





K


OF MANUFACTURERS'


SHINdENTS,


(Millions


Industry


All manufacturing


Total,


Durable
Stone,


excluding


group


industries:


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


goods industries,


clay, and glass products...........


Primary metals,
Blast furnaces


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


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


Fabricated metal


Metal ca
Machinery,


Engines


ns, bar


except


products,
rels, and


electric


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


Farm machinery
Construction,


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


mining,


and material


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


General ii
Electrical m
Electrical
equipment
Household


idustrial machinery............


achinery, total
transmission a
and industrial


appliances,


nd distribution
apparatus.....


including


radio


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


Oommunication
Transportation


vehicle


Aircraft,
Instruments
All other d
Nondurable go


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


missiles,
and relate
durable good
ods industry


Food and kindred


Tobacco
Textile


Paper and


allied


and parts...........
d products..........
s industries.......
ties, total.........
|cts, total..........


products,


Pulp, paper,


Chemicals and
Industrial
Petroleum and


Rubber and


allied pr
chemicals,


oducts,
except


total......
pigments...


coal products..............


plastics


All other nondurable


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


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


Total,


Durable


excluding


goods industries,


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


Primary metals, total.....................
Blast furnaces, steel mills.............
Fabricated metal products.................


Machinery,


Engines


except


electrical,


total.......


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


~nstruction,


mining,


and material


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


General


industrial machinery............


Electrical machinery,


Electrical
equipment


transmission a
and industrial


Household appliances,


nd distribution
apparatus.....


including radio


and TV... .... . ..... .. .. .
Oommunication equipment.................


Transportation
Aircraft, mil


All other durable


Nondurable


equipment,
smiles, and


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


goods industries........


goods Industries,


Industries with


unfilled


0


total..........
rders ....... ...


Seasonally


adjusted


INVENTORIES,


AND ORDERS,


BY INDUSTRY


GROUP


of dollars)


Without seasonal
adjustment1


Shipments


57,858
49,886
31,800
5,420
2,919
3,103
5,483
540

763
297
475

4,017

744

769
1,262
7,972
2,471
5,805

26,058
7 2tf


56,922
49,546
30,858
1,650
4,737
2,259
2,478
3,382
382
5,683
517
481

859
316
573
3,945

718

788
1,258
7,376
4,270
2,421
1,126
2,959
26,064
8,705
1,687
475
1,846
2,485
1,115
4,197
1,470
2,355
1,464
4,537


55,820
48,652
30,024
1,590
4,621
2,200
2,421
3,263
315
5,275
484
453

675
317
566
4,110

823

813
1,187
7,168
3,879
2,599
1,039
2,958
25,796
8,774
1,661
495
1,818
2,388
1,092
4,146
1,387
2,315
1,358
4,502


54,068
47,804
28,815
1,454
4,452
2,009
2,443
3,294
301
5,291
509
387

682
292
545
4,047

783

751
1,249
6,264
2,853
2,720
1,078
2,935
25,253
8,653
1,689
454
1,718
2,363
1,030
4,070
1,372


53,314
46,025
28,812
1,408
4,598
2,214
2,384
3,031
314
5,163
401
450

766
284
516
3,654

651

715
1,156
7,289
4,386
2,279
994
2,675
24,502
8,265
1,651
429
1,672
2,380
1,073
3,972
1,384


54,154
46,728
29,485
1,421
4,269
1,958
2,311
3,157
279
5,297
548
398

617
340
526
4,167

814

797
1,267
7,426
3,816
2,897
1,084
2,664
24,669
8,673
1,663
492
1,724
2,294
1,056
3,696
1,278
2,292
1,306
4,192


I I


Seasonally


adjusted


Without


seasonal


adjustment


SI -, I I I


Total inventories


51,622
44,954
27,953
1,250
4,931
2,365
2,566
2,969
266
5,017
362
455

690
316
501
3,386

596

671
986
6,668
3,666
2,444
1,035
2,697
23,669
8,088
1,752
414
1,626
2,239
978

3,797
1,327
2,167
1,390
3,948


99,708
84,679

65,642
2,648
8,862
4,717
4,145
6,928
842
14,127
1,031
1,010

2,459
1,116
1,159
9,744

2,128

2,137
2,786
15,029
4,212
8,568
2,633
5,671
34,066
7,708
748
2,179
3,284


99,260
84,387
65,273
2,641
9,117
4,924
4,193
6,922
840
14,013
989
992

2,456
1,086
1,164
9,366

2,096

1,978
2,694
14,873
4,105
8,588
2,636
5,705
33,987
7,857
783
2,197
3,244
2,839
1,113
7,172
2,316
2,530
1,944
6,204


100,032
84,841
65, 920
2,688
8,983
4,823
4,160
7,011
827
14,043
995
1,020

2,416
1,125
1,155
9,734

2,141

2,160
2,789
15,191
4,097
8,858
2,626
5,644
34,112
7,743
760
2,223
3,330
2,784
1,093
7,154
2,332
2,555
1,959
6,364


99,365
84,474
65,086
2,660
9,233
5,043
4,190
6,785
769
14,011
988
1,022

2,473
1,082
1,159
9,235

2,097

1,937
2,645
14,891
4,199
8,513
2,589
5,682
34,279
8,047
818
2,331
3,237
2,789
1,094
7,248
2,357


99,211
84,288
65,176
2,604
9,096
4,944
4,152
6,740
753
14,039
1,021
1,020

2,471
1,099
1,155
9,566

2,115

2,067
2,739
14,923
4,216
8,494
2,588
5,620
34,035
7,982
769
2,259
3,183
2,793
1,091
7,193
2,346
2,546
1,962
6,117


New orders Unfilled orders


56,431
49,414
30,602
4,962
2,586
3,291
5,412
498

631
299
670

4,354

819

854
1,464
7,017
2,449
5,566

25,829
7 129


54,291
47,981
29,009
4,544
2,057
3,333
5,351
549

672
262
581

4,051

803

771
1,208
6,310
2,610
5,420

25,282
& qnf


54,938
47,126
30,455
5,731
3,248
3,058
5,107
401

725
272
453

3,564

646

729
1,047
7,812
2,368
5,183

24,483
a V7R


54,679
47,499
30,003
4,909
2,580
3,097
5,376
555

566
304
626

4,345

799

824
1,478
7,180
2,678
5,096

24,676
SRA 9


51,356
45,057
27,766
4,921
2,233
2,977
5,084
432

722
291
501

3,456

656

697
971
6,299
2,082
5,029

23,590
S 171


83,564
55,534
80,408
7,597
4,511
10,808
15,640
4,750

2,142
1,168
1,552

13,221

'3,357

548
5,677
28,030
20,357
5,112

3,156
3 1SA


82,014
54,431
78,883
6,573
3,465
11,060
15,702
4,714

2,280
1,205
1,546

12,904

3,335

526
5,396
27,583
20,456
5,061

3,131
2 -1i


81,871
54,431

78,755
6,765
3,720
10,836
15,661
4,749

2,159
1,166
1,614

13,149

3,289

519
5,763
27,440
20,185
4,904

3,116
1 11R


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

2,159
1,754
1,643

13,471

3,537

576
5,538
31,204
23,801
5,578

2,888
9 ARR


Table 1.-VALUE


Motor


produ


mill


products...o........ ..... ...


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

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

1,938

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


f


s


:












OF MANUFACTURERS '


INVENTORIES
(Millions


, AND ORDERS
of dollars)


FOR MARKET


CATEGORIES


AND SUPPLEMENTARY


SERIES


goods


roups


automotive.........


Automotive equi
Construction ma
intermediate p
Other materials
intermediate p

Supplementary ser
Household durab
Producers' capi
Defense product
Defense product


roups


le
ta
s
s


All manufactu


goods


arranged


categories:


Shipments,
n these


adjusted


group


industries


total..


by market


products,


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

>v market


except
-I *. I *


S* I U *
;cept


and
* I U


products,


automotive... ..................


Automotive equ
Construction m
intermediate
Other materials
intermediate p

Supplementary se
Household dura
Producers capi
Defense product
Defense


durable


products
products


goods industries


capital goods


industries....


industries (old series).
(new series )...........


for trading-day


of the


except


SI* **. .. .. ... ...

s, supplies. and


products. ...............
and supplies and


ies:2


1


industries (old
(new series)*..



ring industries


industries....


goods industries...


series


total


Seasonally


adjusted


Without


seasonal


Without


seasonal


adjustment


I I 1 I I I I I


-----Tota-. inventories


99,260

65,273
33,987



9,813
12,952

26,165
5,230

8,242

36.858


65,642
34,066



10,123
12,740

26,321
5,344

8,273

36,907


5,179
17,808
12,088
6,493


00,032


34,112


99,365

65,086
34,279



9,713
13,219

26,003
5,354

8,222


__ New orders Unfilled orders
I I I I ___


1 I I I
---------------* -- -- I -- ------ I -- I __I9
t--- __****** *1111 III^ ^ I


'vunng


mentary


series


communication,


and total inventories


Since there are


adjusted


using


and calendar-mont


separate


industry


aircraft and aircraft


f work perforue
no historical
the factors
h variations;
y categories


parts, and shipbuilding


for the Department


data available


of these industries.


unfilled


of Defense.


PPreliminary.


83,494

80,397
3,097




1,823


45,242

10,721

25,708


1,481
24,118
26,390
19,696


81,871

78,755
3,116




1,816


44,768

10,639

24,647


1,453
23,802
26,411
19,513


- ---- -1 _- --- A------


industries began to provide aggregate


88,146

85,258
2,888



1,948


48,099

10,430

27,669


1,586
25,005
29,824
20,413


20,413


The results
seasonal f


and inventories


of these reports


factors
Revised.


as of end of month.


as follows:


for these
1Shipments
The supple-


Household


durable


appliances;


goods industries


ophthalmic


goods,


- Household


watches,


furniture;


and clocks;


kitchen


articles


and miscellaneous


and pottery;


cutlery,


handtools,


and hardware;


goods.


household


Producers
electrical
repairing,


capital


goods industries Machinery,


machinery (e
and railroad


excluding ho
and street


household


except


appliances ,


electrical


communication


(excluding


equipment


farm machinery
and electron


and equipment
ic components),


and machine


shops),


shipbuilding


tense products
aircraft, airc
industries and


industries
parts,


and omits defense


(old series)
and ordnance


- Based


on reports


industries.


work performed


(Thus,


for companies
this series


in the shipbuilding


classify
includes


in the coRusnication


significant


amounts


industry.)


equipment,


of nondefense


complete
work in these


products


industries:


aircraft,


(new series)


ordnance.


- Based


coanunication


defense


on separate
9s, complete


reports
aircraft


in shipbuilding
ta are comparable


on defense
* aircraft


and excludes


work filed by large defense


parts,


and shipbuilding .


work in ordnance,


in the MA-175,


nondefense


to those published annually


cOntractors


ommrunications,
Shipments of


in the following


from the old series
complete


of Defense-Oriented


Industry


All manufacturing


Durable


adjustment'


industries


Nondurable

Industry g


Shipments


goods industries,


arranged


tal....
total.


categories:
Home goods
Consumer s
Equipment


and apparel.........


taples.....
and defense


pment.
trial,


98.271


Durable go
Nondurable

Industry g


ods industries,
goods industries


Home good
Consumer
Equipment


.s and apparel..........
staples................


and defense


equipment..............
n materials, supplies,
te products. ...........


and supplies and
roducts............


series:2


figures on
included i
reporters,
new orders


19&B annufacturersinordnance,


orders,


new defense


the data have been seasonally


series.


are regroupings


to develop


orders


Dc


aircraft


car equipment.


personal


Defense


in that it includes


and aircraft


parts.


Industries, for the specified


activity in
The data


to


J


" *












Table 3. --MANUFACTURERS'


(Based


on seasonally


adjusted


Item and industry


Shipments:
All manufacturing


Durable
Nondurab


group


industries...


goods industries, tc
ile goods industries,


Total inventories:
All manufacturing
New orders:
All manufacturing


Durable
Nondurab


Unf iled
Durable


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


industries.........


industries.........


goods industries, to
le goods industries,


orders:
goods


industries


tal..,. ....
total.....


total.......


Month-to-month


+2.0


+1.2


43.2


+0.7


-1.6


+0.6


+0.2


Average


+1.2


+0.7


monthly


3 months

uly-Oct.
1970


+0.4


-1.1


rates of change


April-July
1970


months


+0.3


Average,


+1.3


+0.7


+1.1


1965-70


Average
decline


-1.1


.0.3


-0.7


Table 4.--RATIO


OF MANUFACTURERS'


INVENTORIES


TO SHIPMENTS


AND UNFILLED


ORDERS


TO SHIPMENTS


BY INDUSTRY


(Based


on seasonally


adjusted


tr st Unfilled orders shipments ratiot
Inventories shipments ratio o backlog)
(months' backlog)
Industry group
Jan. Dec. Nov. Jan. Jan. Dec. Nov. Jan.
1971 1970r 1970 1970 1971 1970r 1970 1970


All manufacturing industries, total.................. 1.74 1.79 1.85 1.75 2.40 2.41 2.42 2.58
Durable goods industries, total............................ 2.12 2.19 2.29 2.14 2.92 2.92 2.92 3.13
Stone, clay, and glass products.......................... 1.60 1.67 1.85 1,70 (NA) (NA) (NA) (NA)
Primary metals........................................... 1.92 1.92 2.02 1.60 1.60 1.50 1.05 1.42
Fabricated metals.......................................... 2.05 2.12 2.13 2.03 3.60 3.76 3.70 3.50
Machinery, except electrical............................. 2.47 2.68 2.65 2.41 2,75 3.00 2.97 3.11
Electrical machinery..................................... 2.37 2.37 2.41 2.57 3.35 3.20 3.19 3.73
Transportation equipment................................. 2.02 2.10 2.43 2.31 5.98 5.57 5.54 6.66
Instruments and related products......................... 2.34 2.53 2.44 2.12 (NA) (NA) (NA) (NA)
Nondurable goods industries, total......................... 1,30 1.32 1.35 1.28 0.44 0.45 0.46 0.43
Food and kindred products................................ 0.90 0.88 0.89 0.85 (X) (X) (X) (X)
Tobacco products......................................... 4.63 4.40 4.90 4.73 (X) (X) (X) (X)
Textile mill products.................................... 1.76 1.81 1.94 1.94 (NA) (NA) (NA) (NA)
Paper and allied products................................ 1.14 1.19 1.18 1.14 (NA) (NA) (NA) (NA)
Chemicals and allied products............................ 1.71 1.73 1.76 1.64 (X) (X) (X) (X)
Petroleum and coal products............................. 1.07 1.10 1.18 1.03 (X) (X) (X) (X)
Rubber and plastics products, n.e.c....................... 1.33 1.45 1.37 1.28 (X) (X) (X) (X)


(NA) Not
1Excludes


vehicle


available.
the following


assembly


operations;


Preliminary.
industries wi


Revised.
th no unfilled


foods and related


products;


(X) Nc
orders: W
tobacco;


t applicable.


wooden


apparel


containers;


and related


glass containers;


metal


products; chemicals;


barrels


petroleum


and drums;


motor


and coal products;


rubber and plastics products, n.e.c.


GROUP












OF MANUFACTURERS' INVENTORIES, BY STAGE OF FABRICATION, BY INDUSTRY GROUP


(Millions


of dollars)


easna adustWithout seasonal Without seasonal
Seasonally adjusted au eSeasonally adjusted ause
adjustment -adJnstjment
Industry group
Jan. Dec. Nov. Jan. Dec. Jan. Jan. Dec. Nov. Jan. Dec. Jan.
1971 1970r 1970 1971p 1970r 1970 1971 1970r 1970 1971p 1970r 1970

Total Materials and supplies

All manufacturing industries, total.. 99,260 99,708 100,032 99,365 99,211 96,271 30,143 30,323 30,127 30,239 30,602 29,388
Durable goods industries, total............ 65,273 65,642 65,920 65,086 65,176 63,702 17,849 17,921 17,867 17,750 18,040 17,551
Stone, clay, and glass products.......... 2,641 2,648 2,688 2,660 2,604 2,511 854 859 862 858 871 801
Primary metals........................... .. 9,117 8,862 8,983 9,233 9,096 8,214 3,220 3,108 3,190 3,243 3,302 2,922
Machinery (electrical and nonelectrical). 23,379 23,871 23,777 23,246 23,605 22,525 5,767 5,719 5,640 5,696 5,701 5,430
Transportation equipment................ 14,873 15,029 15,191 14,891 14,923 15,682 3,147 3,199 3,208 3,161 3,190 3,276
All other durable goods industries....... 15,263 15,232 15,281 15,056 14,948 14,770 4,861 5,036 4,967 4,792 4,976 5,122
Nondurable goods industries, total......... 33,987 34,066 34,112 34,279 34,035 32,569 12,294 12,402 12,260 12,489 12,562 11,837
Chemicals and allied products............ 7,172 7,188 7,154 7,248 7,193 6,631 2,383 2,413 2,355 2,407 2,426 2,242
Petroleum and coal products.............. 2,530 2,539 2,555 2,511 2,546 2,297 614 595 574 596 583 518
Rubber and plastics products, n.e.c...... 1,944 1,968 1,959 1,594 1,962 1,922 621 628 635 616 618 588
All other nondurable goods industries.... 22,341 22,371 22,444 22,566 22,334 21,719 8,676 8,766 8,696 8,870 8,935 8,489

Work in process Finished goods

All manufacturing industries, total.. 34,807 35,066 35,524 34,668 34,643 34,935 34,310 34,319 34,381 34,458 33,966 31,948
Durable goods industries, total............ 29,917 30,149 30,551 29,804 29,810 29,884 17,507 17,572 17,502 17,532 17,326 16,267
Stone, clay, and glass products.......... 399 397 401 399 374 381 1,388 1,392 1,425 1,403 1,359 1,329
Primary metals.......................... 3,083 3,003 3,036 3,120 3,043 2,858 2,814 2,751 2,757 2,870 2,751 2,434
Machinery (electrical and nonelectrical). 10,669 11,019 11,107 10,660 10,874 16,786 6,943 7,133 7,030 6,890 7,030 6,309
Transportation equipment................. 10,230 10,337 10,492 10,195 10,257 10,821 1,496 1,493 1,491 1,535 1,476 1,585
All other durable goods industries....... 5,536 5,393 5,515 5,430 5,262 5,038 4,866 4,803 4,799 4,834 4,710 4,610
Nondurable goods industries, total......... 4,890 4,917 4,973 4,864 4,833 5,051 16,803 16,747 16,879 16,926 16,640 15,681
Chemicals and allied products.......... 885 873 889 887 879 961 3,904 3,902 3,910 3,954 3,888 3,428
Petroleum and coal products.............. 523 546 547 510 532 521 1,393 1,398 1,434 1,405 1,431 1,258
Rubber and plastics products, n.e.c...... 297 315 311 298 314 318 1,026 1,025 1,013 1,040 1,030 1,016
All other nondurable goods industries.... 3,185 3,183 3,226 3,169 3,108 3,251 10,480 10,422 10,522 10,527 10,291 9,979

PPre liminary.
revised.
Revised.









Appendix


The following is a description of the survey and


definitions used.
the meaning of


represent


These are provided to clarify


involved and do not


the items


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


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-


receivable net selling values, f.o.b.


discounts
charges an


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


lishments.


In the ASM,


each


manufacturing


establishment provides data on employment, pay-


rolls,


shipments,


penditures, an
selected items.


cost of materials,


inventories


as wel


capital ex-
l as other


The establishments do not provide


information on unfilled orders or new orders.
Since the ASM is establishment based, itprovides
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 performedby
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,
for individual establish


and orders data monthly


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.


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 group level.


dustry cal
industries,


Since the M3-1 in-


igories 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


te




UNIVERSITY OF FLORIDA

IIIIIII III II 0IIII III I
a 3 1262 08589 4573


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


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


Inventories--End-of-month inventories in the
monthly survey are identical in definition to the
end-of-year inventories in the ASM. In the ASM,
respondents are asked to report inventories of
individual establishments at approximate current
cost if feasible; otherwise, "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.

Inventories are reported by stage of fabri-
cation: (a) finished goods; (b) work in process;
and (c) materials, supplies, fuel, and other
inventories. In using inventories by stage of
fabrication at the all manufacturing and 2-digit
industry levels as well as for the durable and non-
durable goods sectors, it should be noted that a
finished product of one industry may be a raw
material for another industry at the next stage of
fabrication. Insofar as the durable and nondurable
goods sectors and also the 2-digit industry groups
contain industries with successive stages of
processing, the same type of commodity may be
included under different inventory categories in
the aggregate statistics.


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 lettercontracts thefullamountofthe 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 valueofparitialor 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 plus net new orders
received less net sales.
While both new orders and unfilled orders are
used in reviewing individual company reports for
consistency, only unfilled orders are estimated
directly in the tabulated totals. New orders are
derived from the shipments plus net change in
unfilled orders for each industry category. This
procedure is followed for seasonally adjusted data
as well as for the unadjusted data. Shipments and
unfilled orders are seasonally adjusted independ-
ently. Seasonally adjusted new orders arederived
from seasonally adjusted shipments and sea-
sonally adjusted unfilled orders.