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:
March 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:
AA00008477:00042

Related Items

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

Full Text
~~6


a-


k's


CURRENT


A UNITED STATES
DEPARTMENT OF
COMMERCE
PUBLICATION


INDUSTRIAL


Manufacturers'


Inventories,


REPORTS


Shipments,


Orders


March 1971


U.S. DEPARTMENT OF COM


e Census


FOR RELEASE:


April 30, 1971t


SERIES:


M3-1(71)-3


New orders for manufactured products in l
at $57.9 billion decreased 0.7 percent or $
million from $58.3 billion in February (revise
upward from $57.7 billion), after seasonal adjust-
ment. New Orders excluding transportationequip-
ment increased $400 million to $50.1 billion. Ship-
ments increased $500millionor 0.9percentto $58.3
billion from $57.8 billion (revised) in February.
Unfilled orders declined $400millionto $83.6 billion
at the end of March. Manufacturers' inventories
declined $300 million to $99.2 billion from $99.5
billion at the end of February. The inventories to
shipments ratio decreased to 1.70 from 1.72 in
February.
For the three months ending with March, the
average change in new orders represents an in-
crease of 0.9 percent compared with an increase of
0.6 percent for the three months ending with De-
cember and a decrease of 0.1 percent for the three
months ending with September.


cturers' New Orders (Seasonally Adjusted)
Billions of Dollars*


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


NEW ORDERS


New orders for durable goods at $31.5 billion
decreased 1.1 percent or $400 million from $31.9


billion


in February


(revised upward from $31.4


billion). New orders for transportation equipment
declined $800 million to $7.8 billion as a large
decline in the shipbuilding and railroad equipment
group was partially offset by an increase in the
aerospace industry. New orders for the machinery
industries increased $200 million to $9.6 billion and
for primary metals increased $100 million to $5.2
billion.


Among the supplementary series, new orders for
defense products decreased $700 million and for
producers' capital goods decreased $900 million,


4 -4 a I -1 ~1 '~ I


and


c~


Durable Goods


-.r-'


Nondurable Goods


- -


*Semilog scale








2

SHIPMENTS


Shipments of durable goods increased $600
million or 1.9 percent to $32.0 billion in March
from the February total of $31.4 billion (revised
upward from $31.0 billion). Shipments of trans-
portation equipment increased $300 milliontpo$8.4
billion, with the rise being primarily inthe aero-
space industry. Shipments of the primary metals
industries increased $200 million to $5.0 billion.
Shipments of nondurable goods declined $100 million
to $26.4 billion as increases intlefoodand textiles
industries were more than offset by declines in the
chemicals, petroleum, and othernondurable goods
industries.


K


UNFILLED ORDERS


Unfilled orders for durable goods declined $500


million to $80.4 billion at the end of March.


Unfilled


orders for transportation equipment declined $600
million to $27.9 billion, primarily in the aerospace
group. Unfilled orders for the primary metals
industries increased $100millionto $8.0billion.


4 *


Chart 3


- Manufacturers' Unfilled Orders (Seasonally Adjusted)


-4------



j






ThThffl


Durable


Billions of Dollars*


*Semi log scale
. I ItI I,, l I, I I, i


Chart 4


INVENTORIES


Inventories in the nondurable goods industries
declined $300 million to $33.9 billion while those
in the durable goods industries remained virtually
unchanged at $65.3 billion. At the all manufacturing
level, work in process inventories declined $200
million and materials and supplies declined $100
million while finished goods remained unchanged
from February.

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


advance
report
and is
orders,


report


on durable goods.


The advance


is based on a tabulation of early reports


limited


to statistics


and unfilled


industries categories.


orders


on shipments,


new


for a few broad


The present report is based


on more complete reporting, but the estimates are


also considered preliminary.


appear as historical dat
published for next month.


Final figures will


in the


report


to be


The advance report on


durable goods for March is scheduled for release


on May


1971 and the full report is scheduled


for release on June 2.

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


Inquiries
addressed to
Bureau of th


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


te Census,


Industry Division,


Total inventory (Seaconally Adjusted)


-----*"~







. I II I I s I
-


r


Total


Durable Goods






- G--o --
Nondurable Goods


. 1


I~LLLl~LLL~k


Billions of Dollars*


*Semi log scale
aI i I I I II i ta i tI kI


Wash-


-












Table 1.-VALUE


(Millions


of dollars)


Industry


All manufacturing


Total,


Durable g
Stone,
Primary


excluding


group


industries:


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


goods industries,


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


metals,


Blast furnaces
All other prim
Fabricated metal


Metal cans, barrels,


Machinery,


Engines


except


total... ................
, steel mills .............
ary metals................


products,


and


i total.... ....


electric~


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


Farm machinery


Construct
handling


,on,


Sand equipment............
mining, and material


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


General


industrial


machinery...........
total...............


Electrical machinery,


Electrical
equipment


Household


transmission a]
and industrial


nd distribution
apparatus.....


appliances, including


radio


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


Transportation
Motor vehicle


Aircraft,
Instruments


mis
and


All other durab


Nondurable


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


goods industries,


Food and kindred


Tobacco
Textile
Paper an


products,


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


allied


products,


Pulp, paper,


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


oducts,
except


d allied pr
chemicals,


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


lastics
durable


All manufacturing


Total,


Durable


excluding


total......
pigments...


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



industries:


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


goods industries,


Primary metals)
Blast furnaces
Fabricated metal


Machinery,


Engines


escep


total.............. .......
, steel mills.............
products................
it electrical, total.......


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


Construction,


handling


mining,


and material


equipment.......,,,..........


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


General


industrial


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

total...............


Electrical machinery,


Electrical
equipment


Household


Transportation


Aircraft,


All other


transmission a
and industrial


appliances,


nd distribution
apparatus.....


including


radio


equipment,


missiles,


durable


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


goods industries........


Seasonally


adjusted


Without seasonal
adjustment'


Shipments


58,317
49,930

31,958

1,649
5,042
2,352
2,690
3,188
255
5,577
564
491

759
331
494
3,993

797

853
1,118


8,387
4,812
2,874
1,073
3,049
26,359


57,803
49,695

31,352
1,614
4,805
2,308
2,497
3,189
356
5,507
430
504

791
320
533
4,017

813

792
1,181
8,108
4,762
2,615
1,115
2,997
26,451
8,960
1,669
471
1,919
2,453
1,098
4,372
1,486
2,317
1,531
4,428


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


58,523
50,109
31,946
1,471
5,022
2,394
2,628
3,182
321
5,717
424
557

802
336
552
4,072

828

792
1,203
8,414
4,991
2,685
1,087
2,981
26,577
8,926
1,627
448
1,890


60,472
51,472

33,649
1,605
5,375
2,573
2,802
3,247
250
6,020
648
602

784
362
524
4,153

837

868
1,175
9,000
5,276
2,979
1,090
3,159
26,823

9,063
1,609
463
2,013
2,532
1,146
4,351
1,505

2,222
1,599
4,580


Seasonally


adjusted


Without


seasonal


adjustment


Total inventories


57,173
49,543
31,248
1,464
4,994
2,229
2,765
3,246
289
5,844
549
552

749
357
555
3,870

772

779
1,100
7,630
3,898
3,055
1,223
2,977

25,925
8,717
1,785
430
1,862
2,430
1,066
4,392
1,472
2,085
1,618
4,391


99,210
84,588

65,311
2,648
9,200
4,987
4,213
7,021
758
13,963
980
997

2,488
1,091
1,170
9,518

2,133

2,064
2,730
14,622
4,087
8,374
2,628
5,711
33,899

7,738
789
2,179
3,275

2,766
1,099
7,167
2,242

2,444
1,953
6,377


99,520
84,828
65,347
2,653
9,210
4,958
4,252
6,969
768
14,011
1,005
989

2,456
1,079
1,172
9,431

2,118

1,980
2,730
14,692
4,080
8,512
2,621
5,760
34,173

7,857
787
2,239
3,262
2,791
1,108
7,173
2,284
2,490
1,940
6,421


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


99,740
85,024

65,664
2,743
9,186
4,942
4,244
7,026
741
14,104
983
1,042

2,541
1,085
1,180
9,507

2,138

2,039
2,744
14,716
4,099
8,413
2,628
5,754
34,076
7,631
816
2,284
3,344
2,772
1,104
7,284
2,294
2,425
1,979
6,357


100,075
85,272
- 65,643
2,720
9,277
5,022
4,255

6,929
744
14,147
1,018
1,042

2,505
1,082
1,177
9,373

2,123

1,961
2,708
14,803
4,166
8,495
2,610
5,784
34,432
7,868
817
2,364
3,318
2,778
1,112
7,310
2,341


I I
_______________________ __________________________ New orders _________________________ ___________________________ j __________________________ __________________________ Unfilled orders __________________________ _____________________________


57,892
50,121
31,504
5,178
2,431
3,113
5,671
827

751
280
527

3,927

794

878
1,027
7,771
2,398
5,844


58,288
49,689
31,867
5,100
2,543
3,075
5,462
438

757
281
564

3,958

753

802
1,233
8,599
2,138
5,673


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


60,191
51,780
33,347
5,614
2,780
3,199
6,139
898

810
311
553

4,038

811

859
1,085
8,411
2,530
5,946


808
301
597

4,042

826

811
1,181
8,747
2,249
5,568


56,352
49,203
30,412
4,874
2,200
3,322
5,601
445

799
259
536

3,822

762

806
1,029
7,149
2,834
5,644


83,994
55,523
80,843
7,894
4,739
10,661
15,610
4,770

2,120
1,131
1,590

13,084

3,259

527
5,723
28,471
19,859
5,123


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


84,540
56,295
81,394
8,742
5,431
10,726
15,629
4,753

2,137
1,122
1,602

12,953

3,246

521
5,626
28,245
19,818
5,099


97,504
81,890
64,599
2,627
8,244
4,319
3,925
6,747
791
13,580
952
1,016

2,336
1,159
1,155
9,528

1,988

2,089
2,843
15,614
4,140
9,489
2,582
5,677
32,905
7,382
864
2,263
3,496
2,691
1,053
6,756
2,221
2,327
1,987
6,003


nd


I


GROUP












OF MANUFACTURERS R


AND SUPPLEMENTARY


SERIES


(Millions ot


dollars)


Seasonally adjusted Without seasonal Seasonally adjusted without seasonal
Sl a t adjustment adjustment
Industry group -_ ____
Mar. Febh Jan. Mar.p Feb. Mar. Mar FebY Jan. Mar Feb. Mar.
1971 1971 1971 1971 1971r 1970 1971 1971 1971 1971 1971r 1970
Shipments Total inventories

All manufacturing industries, total.. 58,317 57,803 56,504 60,472 58,523 57,173 99,210 99,520 99,801 99,740 100,075 97,504

Durable goods industries, total........... 31,958 31,352 30,545 33,649 31,946 31,248 65,311 65,347 65,.610 65,664 65,643 64,599
Nondurable goods industries, total......... 26,359 26,451 25,959 26,823 26,577 25,925 33,899 34,173 34,191 34,076 34,432 32,905

Industry groups arranged by market
categories:
Home goods and apparel................... 4,887 4,805 4,809 5,176 4,997 4,725 10,042 10,044 10,065 10,043 10,013 9,836
Consumer staples......................... 11,526 11,432 11,162 11,498 11,342 11,113 12,841 12,994 12 947 12,827 13,018 12,429
Equipment and defense products, except
automotive............................... 9,411 9,218 9,148 9,983 9,422 9,727 25,967 26,086 26,268 26,187 26,171 26,213
Automotive equipment..................... 5,382 5,331 4,764 5,857 5,536 4,548 5,188 5,188 5,224 5,274 5,337 5,343
Construction materials, supplies, and
intermediate products................... 4,878 4,818 4,762 4,855 4,523 4,417 8,373 8,355 8,328 8,532 8,447 8,159
Other materials and supplies and 85
intermediate products.............. ..... 22,233 22,199 21,859 23,103 22,703 22,643 36,799 36,853 36,969 36,877 36,999 35,519

Supplementary series:2
Household durable goods industries....... 2,246 2,124 2,104 2,319 2,160 2,116 5,094 5,052 5,061 5,091 5,049 5,152
Producers' capital goods industries...... 6,672 6,700 6,672 7,085 6,868 6,762 17,614 17,598 17,652 17,717 17,673 16,811
Defense products industries (old series). 4,240 4,048 3,961 4,417 4,141 4,471 11,837 11,998 12,129 11,902 11,966 13,086
Defense products (new series)*........... 1,903 1,898 1,913 1,987 1,942 2,027 6,017 6,020 6,189 6,050 6,009 7,366

New orders Unfilled orders
All manufacturing industries, total.. 57,892 58,288 57,377 60,191 59,630 56,352 83,568 83,994 83,511 84,259 84 540 86,944

Durable goods industries, total........... 31,504 31,867 31,405 33,347 33,027 30,412 80,386 80,843 80,330 81,090 81 394 83 991
Nondurable goods industries, total......... 26,388 26,421 25,972 26,844 26,603 25,940 3,182 3,151 3,181 3,169 3,146 2,953

Industry groups arranged by market
categories:
Home goods and apparel.................... 4,914 4,799 4,804 5,159 5,011 4,732
Consumer staples........................ 11,538 11,436 11,159 11,500 11,353 11,105 1,909 1,870 1,874 1,840 1,854 1,932
Equipment and defense products, except
automotive.............................. 8,937 9,850 9,742 9,591 9,899 9,174 5,584 46069 45,418 45,256 45,692 47173
Automotive equipment..................... 5,372 5,353 4,782 5,813 5,537 4,416 5584 46,069 45,418 45,256 45,692 47173
Construction materials, supplies, and
intermediate products.................... 4,833 4,685 4,420 4,884 4,464 4,504 10,508 10,555 10,687 10,637 10,609 10,574
Other materials and supplies and
intermediate products................... 22,298 22,165 22,472 23,244 23,366 22,421 25,567 25,500 25,532 26,526 26,385 27,265

Supplementary series:2
Household durable goods industries....... 2,268 2,113 2,107 2,296 2,174 2,124 1,531 1,509 1,522 1,474 1,496 1,578
Producers capital goods industries...... 6,644 7,518 6,990 7,085 7,630 6,406 25,065 25,093 24,277 24,858 24,858 24,738
Defense products industries (old series). 3,669 3,618 3,988 3,868 3,674 4,186 25,466 26,039 26,469 25,349 25,899 29,200
Defense products (new series)*......**....-. 1,653 2,357 2,170 1,756 2,281 1,670 19,977 20,227 19,769 19,795 20,025 19,819


fliuflng


figures


1968 manufacturers in ordnance,


on shipments,


included in these


reporters,
new orders


mentary


orders


new defense


communications,


and total inventories


series.


the data have been seasonally
adjusted for trading-day and


series


are regroupings


Since there are


adjusted


usln


aircraft and aircraft


of work performed for


no historical
g the factors


calendar-month variations;


of the separate


industry


categories


parts, and


the Department


data available


shipbuilding
of Defense.


to develop


of these industries.


unfilled


orders


Pre 1 iminary.


industries began to provide aggregate


The results
seasonal f


and inventories


as follows:


of these reports


actors
revised.


as of end of month.


for these
'Shipments
The supple-


Household


durable


goods industries


ophthalmic


goods,


- Household


watches,


furniture;


and clocks;


kitchen


articles


and miscellaneous


personal


pottery;
goods.


cutlery,


handtools,


and hardware;


household


capital


equipment and
components),


goods (former


machine


shops),


shipbuilding


ly machinuer
electrical


and repairing,


y


and equipment)


machinery (e
and railroad


industries


excluding ho
and street


useho


- Machinery, e
ld appliances,


xcept


electrical
coifliuflication


I (excluding farm
equipment and el1


car equipment.


machinery


etronic


products


parts,


and omits defense


(old series)
and ordnance


- Based


on reports


industries.


work performed


(Thus,


for companies
this series


classified
includes si


in the communication


gnificant


amounts


equipment,


of nondefense


complete
work in these


products


(new series)


ordnance,


and aircraft


- Based


communication


defense


parts


on separate
s, complete


activity In
. The data


Industries, for the specified industries.


reports o
aircraft,


shipbuilding s
are comparable


n defense
aircraft
excludes


work filed by large defense


parts,


and shipbuilding.


nondefense


annually


contractors


Thus,


in ordnance, c
in the MA-175,


ommunicati
Shipments


in the following
Lfs front the old series
ons, complete
of Defense-Oriented


appliances;


Defense


aircraft,
industries


industries


aircraft


Defense


industries:


in that it includes


aircraft,


in the shipbuilding


industry.)


to those published


rR













Table 3 .--MANUPACTURERS'


(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


tal...
total.


industries.........


industries.........


goods industries, to
Ile goods industries,


orders:
goods


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


industries


Month-to-month


+0.9


-0.3


-0.6


+2.3


Dec. 1970-
Jan. 1971


Average


+1.5


monthly


3 months

Sept.-
Dec. 1970


-0.1


rates of change


June-
Sept. 1970


+0.3


12 months


+0.2


Average,


+1.3


+1.1


1965-1970


Average
decline


-0.7


Table 4.--RATIO


OF MANUFACTURERS'


INVENTORIES


TO SHIPMENTS


AND UNFILLED


ORDERS


TO SHIPMENTS


BY INDUSTRY


(Based


on seasonally


adjusted


oie st ri Unfilled orders shipments ratiot
Inventories shipments ratio o backlog
(months backlog)
Industry group
Mar. Feb. Jan. Mar, Mar. Feb. Jan. Mar.
1971 1971r 1971 1970 1971 1971r 1971 1970


All manufacturing Industries, total.................. 1.70 1.72 1.77 1.76 2.35 2.47 2.43 2.55
Durable goods industries, total............................. 2.04 2.08 2.15 2.16 2.83 3.02 2.95 3.08
Stone, clay, and glass products.......................... 1.61 1.64 1.65 1.69 (NA) (NA) (NA) (NA)
Primary metals............................. .... ......... 1.82 1.92 1.93 1.76 1.59 1.64 1.60 1.42
Fabricated metals............................................ 2.20 2.19 2.16 2.12 3.61 3.76 3.78 3.61
Machinery, except electrical............................. 2.50 2.54 2.50 2.48 2.82 2.83 2.79 3.09
Electrical machinery.......................,............. 2.38 2.35 2.37 2.57 3.26 3.26 3.30 3.67
Transportation equipment................................. 1.75 1.81 2.04 2.17 5.26 5.73 5.99 6.06
Instruments and related products........................... 2.45 2.35 2.37 2.14 (NA) (NA) (NA) (NA)
Nondurable goods industries, total......................... 1.29 1.29 1.32 1.28 0.44 0.44 0.45 0.43
Food and kindred products............................... 0.85 0.88 0.89 0.85 (X () (X) (X) (X)
Tobacco products......................................... 4.55 4.75 4.53 4.86 (X) (X) (X) (X)
Textile mill products.................................... 1.66 1.70 1.70 1.88 (NA) (NA) (NA) (NA)
Paper and allied products................................ 1.13 1.14 1.16 1.14 (NA) (NA) (NA) (NA)
Chemicals and allied products............................ 1.70 1.64 1.73 1.56 (X) (X) (X) (X)
Petroleum and coal products................,,,.... 1.08 1.07 1.09 1.10 (X) (X) (X) (X)
Rubber and plastics products, n.e.c...................... 1.27 1.27 1.32 1.26 (X) (X) (X) (X)


(NA) Not
1Excludes


available.
the following


PPreliminary.


industries


Not applicable.


with no unfilled


orders:


Wooden


containers;


glass containers;


metal


barrels


and drums;


vehicle


assembly


operations;


foods and related


products;


tobacco;


apparel


and related


products;


chemicals;


petroleum


and coal products;


rubber and plastics products,


data)


Durable
Nondurab


Unfilled
Durable


GROUP


motor


and


+0.5


n.e.c.













BY STAGE OF FABRICATION,B


(Millions


of dollars)


Without seasonal Without seasonal
Seasonally adjusted Wtut eon Seasonally adjusted adjustment
adjustment adjustment
Industry group
Mar. Feb. Jan. Mar. Feb. Mar. Mar. Feb. Jan. Mar. Feb. Mar.
1971 1971r 1971 1971p 1971r 1970 1971 1971r 1971 1971p 1971r 1970

Total Materials and supplies

All manufacturing industries, total.. 99,210 99,520 99,801 99,740 100,075 97,504 30,085 30,188 30,262 29,991 30,151 29,551
Durable goods industries, total............ 65,311 65,347 65,610 65,664 65,643 64,599 17,921 17,877 17,954 17,670 17,682 17,457
Stone, clay, and glass products.......... 2,648 2,653 2,663 2,743 2,720 2,627 844 844 854 847 843 821
Primary metals........................... 9,200 9,210 9,159 9,186 9,277 8,244 3,213 3,230 3,219 3,035 3,131 2,851
Machinery (electrical and nonelectrical). 23,481 23,442 23,481 23,611 23,520 23,108 5,802 5,774 5,744 5,766 5,706 5,499
Transportation equipment................. 14,622 14,692 14,913 14,716 14,803 15,614 3,015 3,045 3,121 3,036 3,082 3,170
All other durable goods industries....... 15,360 15,350 15,394 15,408 15,323 15,006 5,047 4,984 5,016 4,986 4,920 5,116
Nondurable goods industries, total......... 33,899 34,173 34,191 34,076 34,432 32,905 12,164 12,311 12,308 12,321 12,469 12,094
Chemicals and allied products............ 7,167 7,173 7,147 7,284 7,310 6,756 2,394 2,378 2,364 2,393 2,381 2,289
Petroleum and coal products.............. 2,444 2,490 2,529 2,425 2,445 2,327 547 593 609 555 574 529
Rubber and plastics products, n.e.c...... 1,953 1,940 1,940 1,979 1,971 1,987 629 622 620 606 610 587
All other nondurable goods industries.... 22,335 22,570 22,575 22,388 22,706 26,489 8,594 8,718 8,715 8,767 8,904 8,689

Work in process Finished goods

All manufacturing industries, total.. 34,473 34,696 35,038 34,705 34,866 35,255 34,652 34,636 34,501 35,044 35,058 32,698
Durable goods industries, total........... 29,546 29,747 30,076 29,808 29,924 30,325 17,844 17,723 17,580 18,186 18,037 16,817
Stone, clay, and glass products.......... 381 392 400 414 408 422 1,423 1,417 1,409 1,482 1,469 1,384
Primary metals........................... 3,025 3,094 3,128 3,078 3,154 2,816 2,962 2,886 2,812 3,073 2,992 2,577
Machinery (electrical and nonelectrical). 10,628 10,655 10,732 10,723 10,754 10,965 7,051 7,013 7,005 7,122 7,060 6,644
Transportation equipment................. 10,155 10,163 10,310 10,205 10,183 10,878 1,452 1,484 1,482 1,475 1,538 1,566
All other durable goods industries....... 5,357 5,443 5,506 5,388 5,425 5,244 4,956 4,923 4,872 5,034 4,978 4,646
Nondurable goods industries, total......... 4,927 4,949 4,962 4,897 4,942 4,930 16,808 16,913 16,921 16,858 17,021 15,881
Chemicals and allied products............ 952 938 881 955 947 884 3,821 3,857 3,902 3,936 3,982 3,583
Petroleum and coal products............... 491 514 529 488 509 541 1,406 1,383 1,391 1,382 1,362 1,257
Rubber and plastics products, n.e.c...... 326 311 306 321 309 318 998 1,007 1,014 1,052 1,052 1,082
All other nondurable goods industries.... 3,158 3,186 3,246 3,133 3,177 3,187 10,583 10,666 10,614 10,488 10,625 9,959


rp~1imina~
rfieid


GROUP









Appendix


The following is a description of the survey and


definitions us<
the meaning
represent an\


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


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.
information onr


cost of materials,


inventories


as well


capital ex-
l as other


The establishments do not provide


Unfilled


orders or new orders.


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


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 workperformedby
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,
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. The


reporting


unit typically


comprises


the entire


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 ca
industries,


te


Since the M3-1 in-


gories typically are groupings of
this duplication is significant for the


all manufacturing,


durable goods and nondurable


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


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 niajor 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


sales


to outside customers.


Although this


-




7-


UNIVERSITY OF FLORIDA

3 1262 08589 4268


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 thedurable 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 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 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.