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:
February 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:
AA00008477:00041

Related Items

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

Full Text


TRIAL REPORTS


Shipments,

and Orders


February


1971


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


FOR RELEASE:


March 30, 1971


SERIES:


M3-1(71)-2


New orders for manufactured products in Feb-


ruary
$300


at $57.
million


7 billion
from t


increased 0.5 percent or


ie January


level


of $57.4


billion (revised downward from $57.9 billion), after


seasonal
million or


adjustment. Shipments increased $700
1.3 percent to $57.2 billion from $56.5


billion (revised) in January. The backlog of unfilled
orders increased $400 million to $83.9 billion at


the end of February.
decreased slightly 1
billion (revised) at
ventories to shipme


Manufacturers'


to $99.6


billion


the end of Janua:


ratio


decrea,


inventories
from $99.8
ry. The in-
sed to 1.74


from 1.77 in January.


For the three


months


ending with February,


the average change in new orders represents an
increase of 2.0 percent compared with a decrease
of 1.0 percent for the three months ending with
November and an increase of 0.5 percent for the
three months ending with August.


NEW ORDERS


New orders for durable goods at $31.4 billion
remained virtually unchanged from January. New
orders for transportation equipment increased $600
million as both the automotive and the shipbuilding
and railroad equipment groups increased while the


aerospa
primary
billion


ce
p ]


industry
metals de


c


decreased.
reased $400


New orders for
million to $5.0


following increases in the three previous


months. New orders for the machinery industries
declined $200 million to $9.2 billion.


Among the supplementary series, new orders for
defense products increased $200 million to $2.4
billion and for producers' capital goods $400 million
to $7.4 billion, both influenced primarily by the
shipbuilding and railroad equipment group. New
orders for household durables remained virtually


Chart 1 -Manufacturers' New Orders


(Seasonal


ly Adjusted)
Billions of Dollars*


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


I -


I


n


I










SHIPMENTS


Chart 3


- Manufacturers' Unfilled Orders (Seasonally Adjusted)


Shipments of durable goods increased $500
million or 1.5 percent to $31.0 billion in February.
Shipments of transportation equipment increased
$700 million, primarily in the automotive industry.
Shipments of the machinery industries decreased
$200 million. Shipments of nondurable goods in-
creased $300 million as both the foods and chemicals
industries reported increases.

UNFILLED ORDERS


Unfilled


orders


for durable


goods


increased


$400 million to $80.8 billion at the end of February.


Unfilled
creased


orders for transportation equipment in-
$500 million to $28.4 billion as a large


increase in the shipbuilding and railroad equipment


group


was partially


offset


a decline


in the


aerospace industry. Unfilled orders in the primary
metals industries increased $200 million to $7.8
billion while the machinery industries decreased
$200 million to $28.7 billion.

INVENTORIES

Inventories in tke durabep goods dhdustries de-
creased $200 million to $65.4 billion while those


in the nondurable goods industres
virtually unchanged at $34.2 billion. I


remained
[he decline


in inventories was primarily in the transportation
industries. At the al manufacturing level, ma-
terials and supplies declined $300 million, work
in process declined $100 million, and finished goods
increased $200 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


orders,


to statistics on shipments, new


and unfilled


orders


for a few broad


industries categories. The present report is based
on more complete reporting, but the estimates are


also considered preliminary.


appear as historical da
published for next month.


Final figures will


a in the report to be
The advance report on


durable goods for March is scheduled for release
on April 21, 1971 and the full report is scheduled
for release on April 30.

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

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


, I, ,It1 ,


Chart 4


- -







.1...


,IIIII1, I


Durable Goods










,,1,, I, 1 ,1Ih


Billions of Dollars*


*Semi log scale
l ,Ii.. I..111 1 .1 ..i1,


Total Inventory (Seaconally Adjusted)


-
- -


Total


I
.- -
- -


Goods


- jV


Nondurable Goods


Billions of Dollars*


*Semi log scale
11 ,111 'li1i it I 1 1 h












OF MANUFACTURERS'


(Millions


of dollars)


Industry


All manufacturing


group


industries:


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


Total,


Durable
Stone,


excluding


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


goods industries,


Primary metal
Blast furna


All other


Fabricated metal


and glass products...........
Is, total.....................
ces, steel mills.,.........
primary metals................


products,


Metal cans, barrels,


Machinery,


Engines


except


and


total..........
drums..........
Ll, total.......


electric


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


Farm machinery


Construct
handling


on,


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


mining,


and material


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


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


General


industrial


machinery......9.....
total...............


Electrical machinery,


Electrical
equipment


Household


transmission a
and industrial


appliances,


nd distribution
apparatus.....


including


radio


and TV...............ication equipent.................
Communication equipment,.................


Transportation equipment,


Motor


vehicles


Aircraft,
Instruments
All other d
Nondurable go


and parts................


missiles,
and relate
urable good
ods Industr


Food and kindred


produ


and parts...........
d products..........
Is industries........
ies, total........ .
acts, total,...... ...


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


Tobacco
textile
Paper al


products......-. ,- .. .. .. .......
mill products...............,.....


nd allied


Pulp, paper,


Chemicals an
Industrial
Petroleum an'
Rubber and p


products,


etc....................... .


d allied products,
chemicals, except


total......
pigments...


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


lastics


All other nondurable



All manufacturing


products,


n.e.c......


goods industries.....



industries:


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


Total,


Durable


excluding


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


goods industries,


Primary metals,
Blast furnaces


Fabricated
Machinery,


Engines


metal
exce;


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


electrical,


total.......


pt


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


Construction,


mining,


and material


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


General

Electrical
Electric
equipme
Househol


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

Machinery, total...............


transmission an
and industrial


appliances,


Ld distribution
apparatus.....


including


radio


and TV...... **~. *. ...................
Communication equipment.................


Transportation


Aircraft,


mis


All other durable


equipment,
siles, and


total...,.. ... .
parts..,..,......


goods industries.......


Seasonally


adjusted


Without seasonal
adjustments


Shipments


57,225
49,195
31,010
1,589
4,781
2,304
2,477
3,183
351
5,412
421
473

754
317
504
3,969

808

782
1,163
8,030
4,766
2,537
1,106
2,940
26,215
8,976
1,692
482
1,880
2,452
1,098
4,273
1,475
2,319
1,494
4,339


57,653
49,165
31,440
4,999
2,498
3,067

5,352
431

683
290
530

3,88C

725

789
1,209
8,488
1,989
5,654


56,504
49,180
30,545
1,613
4,746
2,253
2,493
3,230
383
5,603
520
473

809
333
541
3,989

777

781
1,253
7,324
4,203
2,436
1,115
2,925
25,959
8,787
1,683
483
1,910
2,433
1,101
4,128
1,461
2,320
1,474
4,424


57,377
49,505
31,405
5,428
2,906
2,916
5,419
555

726
316
450

3,985

766

732
1,251
7,872
2,466
5,785


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


57,940
49,604
31,597
1,448
4,997
2,389
2,608
3,175
317
5,612
415
523

763
333
521
4,024

823

782
1,185
8,336
4,996
2,606
1,080
2,925
26,343
8,944
1,650
458
1,850
2,477
1,118
4,275
1,497
2,320
1,507
4,512


52,943
45,707
28,530
1,377
4,606
2,208
2,398
2,900
314
5,090
403
443

721
300
487
3,693

705

708
1,151
7,236
4,318
2,294
985
2,643
24,413
8,350
1,648
436
1,730
2,328
1,058
3,907
1,375
2,237
1,373
4,052


56,322
48,695
30,853
1,356
4,957
2,213
2,744
3,222
261
5,805
443
532

775
365
570
3,835

732

746
1,111
7,627
3,924
3,036
1,159
2,892
25,469
8,506
1,724
407
1,761
2,386
1,045
4,243
1,480
2,167
1,571
4,428


Seasonally


adjusted


Without


seasonal


adjustment


Total inventories


99,555
84,833
65,377
2,659
9,210
4,958
4,252
6,982
764
14,047
970
998

2,481
1,089
1,161
9,388

2,082

2,008
2,706
14,722
4,121
8,528
2,637
5,732

34,178
7,882
792
2,243
3,252
2,815
1,106


99,801
84,888
65,610
2,663
9,159
4,939
4,220
6,990
838
14,013
996
995

2,456
1,090
1,162
9,468

2,110

1,994
2,753
14,913
4,105
8,619
2,648
5,756
34,191
7,863
783
2,187
3,245
2,821
1,116
7,147
2,302
2,529
1,940
6,459


r99,614
84,585
65,548
2,648
8,862
4,717
4,145
6,928
842
14,127
1,031
1,010

2,459
1,116
1,159
r9,650

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
2,831
1,104
7,188
2,329
2,539
1,968
6,369


100,109
85,277
65,672
2,727
9,278
5,022
4,256
6,943
740
14,183
982
1,051

2,530
1,092
1,165
9,327

2,087

1,988
2,684
14,832
4,208
8,509
2,626
5,756
34,437
7,893
822

2,369
3,308
2,802
1,109
7,300
2,343
2,425
1,990
6,350


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


58,990
50,352
32,586

5,754
3,025
3,073
5,609
409

734
310
562

3,962

798

798
1,156

8,638
2,100
5,550


30,422
4,904
2,162
3,217
5,813
536

814
291
605

3,885

776

717
1,107
7,206
2,696
5,397


83,939
55,502
80,753
7,815
4,697
10,658
15,596
4,772

2,084
1,143
1,585

13,054

3,237

524
5,717
28,437
19,788
5,193


83,511
55,530
80,330

7,597
4,504
10,774
15,656
4,762

2,155
1,170
1,559

13,144

3,320

518
5,671
27,981
20,336
5,178


84,481
56,268
81,300
8,655
5,383
10,725
15,617
4,755

2,101
1,134
1,598

12,923

3,224

519
5,620
28,213
19,747
5,167


99,902
84,971
65,423
2,682
9/275
5,057
4,218
6,852
767
14,013
995
1,025

2,473
1,087
1,157
9,336

2,111

1,953
2,703
14,931
4,199
8,544
2,602
5,732
34,479
8,052
818
2,320
3,238
2,771
1,097
7,223
2,343
2,510
1,948
6,417


83,437
55,525
80,316
7,899
4,747
10,828
15,621
4,760

2,131
1,157
1,557

12,984

3,248

503
5,648
27,912
20,253
5,072


97,181
81,549

64,244
2,593
8,182
4,306
3,876
6,669
777
13,481
995
1,012

2,299
1,146
1,131
9,416

1,965

2,091
2,809
15,632
4,255
9,405
2,498
5,773

32,937
7,464
868
2,270
3,498
2,669
1,048
6,745
2,234
2,286
1,978
6,027


87,765
56,982
84,827
7,438
3,581
10,449
17,068
4,944

2,198
1,680
1,678

13,521

3,581

547
5,534

30,783
23,461
5,568


p


P














AND ORDERS, FOR MARKET


(Millions of


dollars)


Seasonally adjusted Without seasonal Witeasonally adjuhout seasonal
adjustment' Wih adjustment
Industry group
Feb. Jan. Dec. Feb. Jan. Feb. Feb. Jan. Dec. Feb. Jan. Feb.
1971 1971r 1970 1971r 1971 1970 1971p 1971r 1970r 1971 1971rI 1970

Shipments Total inventories


All manufacturing industries, total.. 57,225 56,504 55,820 57,940 52,943 56,322 99,555 99,801 r99,614 100,109 99,902 97,181

Durable goods industries, total............ 31,010 30,545 30,024 31,597 28,530 30,853 65,371 65,610 r65,548 65,672 65,423 64,244
Nondurable goods industries, total......... 26,215 25,959 25,796 26,343 24,413 25,469 34,178 34,191 34,066 34,437 34,479 32,937

Industry groups arranged by market
categories:
Home goods and apparel................... 4,711 4,809 4,871 4,898 4,308 4,632 10,014 10,065 10,123 9,983 9,964 9,852
Consumer staples......................... 11,342 11,162 11,271 11,253 10,584 10,881 12,992 12,947 12,740 13,105 13,214 12,489
Equipment and defense products, except
automotive.............................. 9,025 9,148 8,864 9,223 8,322 9,685 26,122 26,268 26,321 26,207 26,107 26,006
Automotive equipment..................... 5,320 4,764 4,443 5,526 4,832 4,515 5,219 5,224 5,344 5,368 5,347 5,451
Construction materials, supplies, and
intermediate products................... 4,775 4,762 4,792 4,486 4,057 4,199 8,424 8,328 8,273 8,514 8,309 8,095
Other materials and supplies and
intermediate products................... 22,052 21,859 21,579 22,554 20,840 22,410 36,784 36,969 r36,813 36,932 36,961 35,288

Supplementary series:2
Household durable goods industries....... 2,088 2,104 2,183 2,123 1,931 2,060 5,066 5,061 5,179 5,062 5,009 5,133
Producers' capital goods industries...... 6,645 6,672 6,512 6,808 6,064 6,721 17,569 17,652 17,808 17,643 17,584 16,657
Defense products industries (old series). 3,946 3,961 4,040 4,038 3,693 4,426 11,978 12,129 12,088 11,944 12,001 13,008
Defense products (new series).........,.. 1,844 1,913 2,021 1,887 1,785 1,967 6,061 6,189 6,493 6,051 6,126 7,280

New orders Unfilled orders

All manufacturing industries, total.. 57,653 57,377 56,431 58,990 54,508 55,941 83,939 83,511 82,626 84,481 83,437 87,765

Durable goods industries, total............ 31,440 31,405 30,602 32,586 30,090 30,422 80,753 80,330 79,462 81,300 80,316 84,827
Nondurable goods industries, total......... 26,213 25,972 25,829 26,404 24,418 25,519 3,186 3,181 3,164 3,181 3,121 2,938

Industry groups arranged by market
categories:
Home goods and apparel................... 4,723 4,804 4,908 4,931 4,328 4,613 1,886 1,874 1,879 1,872 1,834 1,933
Consumer staples......................... 11,345 11,159 11,270 11,262 10,582 10,885 )
Equipment and defense products, except
automotive.............................. 9,578 9,742 9,226 9,625 8,725 9,557 46,031 45,418 44,804 45,658 45,213 47,858
Automotive equipment..................... 5,383 4,782 4,497 5,568 4,872 4,402
Construction materials, supplies, and
intermediate products................... 4,630 4,420 4,779 4,413 4,085 4,256 10,541 10,687 11,028 10,596 10,669 10,487
Other materials and supplies and
intermediate products................... 21,994 22,472 21,751 23,191 21,916 22,228 25,481 25,532 24,915 26,355 25,721 27,487

Supplementary series:2
Household durable goods industries....... 2,102 2,107 2,222 2,162 1,964 2,044 1,533 1,522 1,516 1,521 1,486 1,570
Producers' capital goods industries...... 7,429 6,990 6,554 7,542 6,358 6,810 25,061 24,277 23,958 24,828 24,094 25,094
Defense products industries told series). 3,444 3,988 4,181 3,500 3,646 4,087 25,968 26,469 26,442 25,828 26,365 29,485
Defense products (new series)*........... 2,406 2,170 2,051 2,329 1,962 1,730 20,331 19,769 19,506 20,129 19,686 20,176


*During
figures on
included i
reporters,
new orders


mentary


1968 manufacturers in ordnance,


its, orders,
new defense


connunications,


and total inventories


series.


the data have been seasonally


adjusted


series


for trading-day


are regroupings


of the


Since there are n


ad lusted


using


and calendar-month


separate


industry


aircraft and


aircraft


of work performed for


,o historical
the factors
variations;
Categories


parts,


the Departznnt


data available


and ship building industries began to provide aggregate


of Defense.


to develop


of these industries.


unfilled


orders


separate


The results
seasonal f


PPrel iminary.


and inventories


of these reports


actors
evised,.


as of end of month.


for these
'Shipments
The supple-


as follows:


Household


durable


appliances;


goods


ophthalmic


industries
goods, wa


- Household


tches,


furniture;


and clocks;


kitchen


articles


and miscellaneous


and pottery;


personal


cutlery,


handtools,


and hardware;


household


goods.


Producers c
equipment
components


capital


goods ,former


and machine


ships j,


shipbuilding


ly machinery
electrical m


and repairing,


a


and equipment)


achinery (e
nd railroad


industries


excluding ho
and street


useho


- Machinery, e
ld appliances,


except


electrical


communication


excluding
equipment an


farm machinery
d electronic


car equipment.


fense products
aircraft, airc
industries and


r


industries
aft parts,


omits defense


(old series)
and ordnance


- Based


industries.


work performed


on reports


(Thus,


in the ship bui


for companies


classified


this series includes
Ilding industry.)


in the communication


significant


amounts


equipment,


of nondefense


complete
work in these


Defense


products


(new series)


ordnance -


in that it includes


aircraft,


and aircraft


- Based


connunication


activity in
. The data


on separate
s, complete


report
aircra


ship building
are comparable


s on defense
ft, aircraft
and excludes


work filed by large


parts,


nondefense


to those published


defense


and ship building.


in the MA-175,


contractors


us it differs
:omnun tecat ions,
Shipments of


in the following


from the old series
complete
Defense-Oriented


Industries, for the specified


shipmen
n these


De


industries:


defense


parts


and


work in ordnance,


annually


rR













Table 3.--MANUFACTURERSA


(Based


on seasonally


adjusted


Item and industry


Shipments:
All manufacturing


Durable
Nondurab


group


industries.


goods industries, to
le goods industries,


Total Inventories:
All manufacturing
New orders:
All manufacturing


Durable go
Nondurable


Unfilled
Durable


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


industries.,,.,,..


industries.........


ods industries,


goods


industries


orders:
goods industries


otal........
. total.....


total........


Month-to-month


+1.3


-0.2


+0.5


Dec. 1970-
Jan. 1971


+0.2


+1.1


-0.4


+0.7


Average


monthly


3 months


+1.9


-0.1


+0.8


i ug1.-
Nov. 1970


-0.7


May-


Aug.


1970


rates of change


12 months


+0.3


-0.4


+0.6


+0.3


-0.5


Average,


+1.3


+0.7


1965-1970


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


ne e st ri Unfilled orders shipments ratio
Inventories shipments ratio
(months' backlog)
Industry group
Feb. Jan. Dec. Feb. Feb. Jan. Dec. Feb.
1971 1971r 1970 1970 1971p 1971 1970 1970


All manufacturing industries, total.................. 1.74 1.77 rl.78 1.74 2.44 2.43 2.41 2.54
Durable goods industries, total......... .................. 2.11 2.15 r218 2.11 2.96 2.95 2.92 3.07
Stone, clay, and glass products.......................... 1.67 1.65 1.67 1.70 (NA) (NA) (NA) (NA)
Primary metals........................................... 1.93 1.93 1.92 1.71 1.63 1.60 1.50 1.44
Fabricated metals........................................ 2.19 2.16 2.12 2.08 3.76 3.78 3.76 3.54
Machinery, except electrical........................... 2.50 2.50 2.68 2.39 2.88 2.79 3.00 3.05
Electrical machinery..................................... 2.37 2.37 2.35 2.51 3.29 3.30 3.20 3.61
Transportation equipment................................. 1.83 2.04 2.10 2.11 5.82 5.99 5.57 6.01
Instruments and related products........................ 2.38 2.37 2.53 2.12 (NA) (NA) (NA) (NA)
Nondurable goods industries, total..,.......,............ 1.30 1.32 1.32 1.29 0.45 0.45 0.45 0.43
Food and kindred products................................ 0.88 0.89 0.88 0.87 (X) (X) (X) (X)
Tobacco products........................................ 4.65 4.53 4.40 5.02 (X) (X) (X) (X)
Textile mill products................................... 1.73 1.70 1.81 1.93 (NA) (NA) (NA) (NA)
Paper and allied products................................ 1.15 1.16 1.19 1.14 (NA) (NA) (NA) (NA)
aChemicals and allied products.i......................... 1.68 1.73 1.73 1.56 (X) (X) (X) (X)
Petroleum and coal products.......................... 1.07 1.09 1.10 1.08 (X) (X) (x) (X)
Rubber and plastics products, n.e.c...................... 1.31 1.32 1.45 1.25 (X) (X) (X) (X)


(NA) Not
'Excludes


vehicle


available.
the following


assembly


operations;


Preliminary.


industries


with


foods and related


Revised.
no unfilled


products;


(X) No
orders: Wt
tobacco;


't applicable.


woodenn


apparel


containers;


and related


glass containers;


products;


metal


chemicals;


barrels


petroleum


and drums;


motor


and coal products;


and


and plastics


GROUP


+0.3












BY STAGE OF FABRICATION,


(Millions


of dollars)


Without seasonal Without seasonal
Seasonally adjusted thoat seasonal Seasonally adjusted adjustment
adjustment 'adjustment
Industry group --.
Feb. Jan. Dec. Feb. Jan. Feb. Feb. Jan. Dec. Feb. Jan. Feb.
1971 1971r 1970 1971 1971r 1970 1971 1971r 19719 7971 1971r 1970

Total Materials and supplies

All manufacturing industries, total.. 99,555 99,801 99,614 100,109 99,902 97,181 29,963 30,262 r30,302 29,934 30,356 29,486
Durable goods industries, total............ 65,377 65,610 r65,548 65,672 65,423 64,244 17,685 17,954 r17,900 17,493 17,851 17,512
Stone, clay, and glass products.......... 2,659 2,663 2,648 2,727 2,682 2,593 837 854 859 836 857 816
Primary metals........................... 9,210 9,159 8,862 9,278 9,275 8,182 3,021 3,219 3,108 2,926 3,241 2,852
Machinery (electrical and nonelectrical). 23,435 23,481 r23,777 23,510 23,349 22,897 5,747 5,744 r5,698 5,677 5,674 5,470
Transportation equipment................. 14,722 14,913 15,029 14,832 14,931 15,632 3,118 3,121 3,199 3,156 3,135 3,241
All other durable goods industries....... 15,351 15,394 15,232 15,325 15,186 14,940 4,962 5,016 5,036 4,898 4,944 5,133
Nondurable goods industries, total......... 34,178 34,191 34,066 34,437 34,479 32,937 12,278 12,308 12,402 12,441 12,505 11,974
iChemicals and allied products........... 7,163 7,147 7,188 7,300 7,223 6,745 2,364 2,364 2s413 2,367 2,388 2,258
Petroleum and coal products.............. 2,471 2,529 2,539 2,425 2,510 2,286 583 609 595 565 591 525
Rubber and plastics products, n.e.c...... 1,959 1,940 1,968 1,990 1,948 1,978 643 620 628 631 615 588
All other nondurable goods industries.... 22,585 22,575 22,371 22,722 22s798 21,928 8,688 8,715 8,766 8,878 8,911 8,603

Work in process Finished goods

All manufacturing industries, total.. 34,915 35,038 35,042 35,083 34,897 35,146 34,677 34,501 r34,270 35,092 34,649 32,549
Durable goods industries, total............ 29,988 30,076 30,125 30,164 29,965 30,134 17,704 17,580 r17,523 18,015 17,607 16,598
Stone, clay, and glass products.......... 388 400 397 404 400 424 1,434 1,409 1,392 1,487 1,425 1,353
Primary metals........................... 3,305 3,128 3,003 3,366 3,166 2,795 2,884 2,812 2,751 2,986 2,868 2,535
Machinery (electrical and nonelectrical). 10,662 10,732 10,995 10,761 10,723 10,919 7,026 7,005 r7,084 7,072 6,952 6,508
Transportation equipment................. 10,125 10,310 10,337 10,143 10,275 10,805 1,479 1,482 1,493 1,533 1,521 1,586
All other durable goods industries....... 5,508 5,506 5,393 5,490 5,401 5,191 4,881 4,872 4,803 4,937 4,841 4,616
Nondurable goods industries, total......... 4,927 4,962 4,917 4,919 4,932 5,012 16,973 16,921 16,747 17,077 17,042 15,951
Chemicals and allied products............ 950 881 873 959 883 893 3,849 3,902 3,902 3,974 3,952 3,594
Petroleum and coal products.............. 508 529 546 503 516 526 1,380 1,391 1,398 1,357 1,403 1,235
Rubber and plastics products, n.e.c...... 306 306 315 304 306 326 1,010 1,014 1,025 1,055 1,027 1,064
All other nondurable goods industries.... 3,163 3,246 3,183 3,153 3,227 3,267 10,734 10,614 10,422 10,691 10,660 10,058

Preliminary.
Revised.


GROUP









Appendix


The following is a description of the survey and


definitions used.


the meaning
represent ai


These are provided to clarify


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


in the


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-


lishments.


the ASM,


each


manufacturing


establishment provides data on employment, pay-


rolls, shipments,
penditures, and


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, it provides
data for each of the 425 manufacturing industries
in the Standard Industrial Classification System
(SIC) and area data for industry groups.


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.


annual survey.


In the


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
operations


unit typically


comprises


the entire


a company although many of the


larger diversified companies file separate divi-
sional type reports for their operations indifferent


industries.

Most of the


reporting


units


include


mixed


industry activity even within the broad industry


categories of the monthly survey. The survey
methodology assumes that the month-to-month
changes of the reporting units classified in each


industry category represent effectively the month-
to-month movements of the establishments in the
SIC industries which make up the category. Thus,
the monthly reports are used to update the ASM


estimates


using


companies in each industry.


a 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 cai
industries,


te


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 fromone
division of the company to another asif they were
net sales to outside customers. Although this


*







8
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, "atbook values." Since
different methods of inventory valuation are used
(LIFO, FIFO, etc.), the definition of the aggregate
inventories for establishments in an industry is
not precise. 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.


UNIVERSITY OF FLORIDA

3 1262 08589 4110


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 paritialor 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 neworders are derived
from seasonally adjusted shipments and sea-
sonally adjusted unfilled orders.