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:
May 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:
AA00008477:00044

Related Items

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

Full Text

A UNITED STATES
DEPARTMENT OF
COMMERCE
PUBLICATION


Manufacturers'


Inventories,


9CUR NT INDUSTRIAL
-/7 URRNT INDUSTRIAL


Shipments,


and


Orders


May


197


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


FOR RELEASE: June 30, 1971


SERIES:


Chart 1 Manufacturers' New Ord


New orders for manufactured products in May


at $57.9 billion increased 1.1 percent or $600
million from $57.3 billion in April after seasonal
adjustment. Shipments increased $700 million or
1.2 percent to $59.1 billion from $58.4 billion in
April. Unfilled orders declined $1.2 billionto $81.4
billion at the end of May. Manufacturers' in-


ventories increased $100 million to $99.5 billion
at the end of May. The inventories to shipments
ratio declined to 1.68 from 1.70 in April.


For the three months ending in May, the average


change


new orders


represents a 0.2 percent


decrease compared with an increase of 2.4 percent
for the three months ending in February and a 1.0
percent decrease for the three months ending in
November.


NEW ORDERS
New orders for durable goods at $31.1 billion


increased $400 million or 1.4 percent


orders


for machinery


over


April.


(electrical and non-


electrical) increased $300 million to $9.5 billion.
Fabricated metal products increased $200 million


to $3.3 billion in May.


Among the supplementary


series, new orders for producers' capital goods
increased $400 million to $6.6 billion.


Chart 2 Manufacturers' Shipments (Seasonally Adjusted)


Billions of Dollars*


__ *


Durable


- -


Nondurable Goods


*Semilog


REPORTS







Chart 3


SHIPMENTS


Shipments of durable goods increased
million to $32a3 billion from $31.8 billion
end of April, Shipments of primary metal
creased $200 milin to$5.6 billion. Shipme


$500
at the
[s in-
nts of


transportation equipment \and fabricated metal
pr ucts increased $19 mglion each. Shipments
of nondurable goods increased $200millionto $26.8
b lion with apparel chenmicals, and textiles showing
t largest gains. .

U ILLED ORDERS

Unhied orders for durable goods declined $1.2


billion to $78bitlion at the end of May.


Unfilled


orders for primary metals declined $600 million
to $7.0 billion, influenced primarily by the drop in
the backlog for steel mills. Unfilled orders for
transportation equipment declined $500 million to
$27.0 billion.


- Manufacturers' Unfilled Orders (Seasonally Adjusted)


Billions of Dollars*


C


Durable Goods


*SeI
i ,ItI 11 I,


milog scale


.111 ft bill I ~ 111.111*11.


I


4 4 4


Chart 4


Inventories in the durable goods industries
remained virtually unchanged at $65.4 billion while
those in the nondurable goods industries increased
$100 million to $34.2 billion. At the all manu-


factoring


level,


materials


and supplies


stocks


increased $300 million, work in process decreased
$200 million and finished goods remained unchanged
from April.

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 da
published for next month.


Final figures will


in the


report


to be


The advance report on


durable goods for June is scheduled for release
on July 22, 1971 and the full report is scheduled
for release on August 2.
For an explanation of terms used in this report
see appendix following table 5.


Inquiries
addressed to


Bureau of
ington, D.C.


t-


.k


concerning these figures should De
the U.S. Department of Commerce,
ie Census. Industry Division. Wash-


20233.


S


Total Inventory (Seaconally Adjusted)


Billions of Dollars*


Total


Durable Goods


No--n- dabe-- -o
Nondurable Goods


-- -


mnilog scale


1 I ,,II 1,I ,,t IllII


- -


INVENTORIES


*


- 1


!











OF MANUFACTURERS' SHIPMENTS,


(Millions


of dollars)


Industry


All manufacturing


group


industries:


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


Total,


Durable g
Stone,
Primary


excluding


goods industries,


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


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


metals,


Blast furnaces


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


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


Fabricated


metal


products,


Metal cans, barrels,


Machinery,


Engines


except


and


total.........
drums.o.......

Llj total.......


electric


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


Farm machinery
Construction,


handling


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


,iifliflg,


and material


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


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


General in
Electrical m
Electrical
equipment


Household


dustrial
achinery,
transmiE


machinery............
Total ...............
ssion and distribution


and industrial


appliances,


apparatus,....


including


radio


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


Transportation


Motor


vehicle


Aircraft,
Instruments
All other di
Nondurable go'


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


missiles,
and relate


durable


good


ods industry


Food and kindred


produ


and parts...........
d products..........
[s industries........

ries, total..........
cts, total..........


Meat products...........................
Tobacco products.........................
Textile mill products........... .........
Paper and allied products, total..........


Pulp, paper,


Chemicals an'
Industrial
Petroleum an
Rubber and p


d allied products,
chemicals, except


total......
pigments..


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


lastics


product


All other nondurable


,s, n.e.c......
industries.....


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


Total,


Durable g
Primary


excluding


goods industries,


transportation.....


Seasonally


adjusted


Without seasonal
adjustment'


Shipments


50,610


total............. 31,062


metals,


Blast furnaces


Fabricated
Machinery,


metal
excep


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


electrical,


total......


Engines and turbines...................
Construction, mining, and material


handling


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


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


General i

Electrical
Electric
equipmer


Household


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


machinery,


transmission a:
and industrial


nd distribution
apparatus....,


appliances, including


radio


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


Transportation


Aircraft,
All other d

Nondurable go


mis


equipment,
siles, and


urable


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


goods industries........


ods industries,


total.......... 26,833


I a


I a~ nI'm


58,578
50,227
32,093
1,668
5,049
2,363
2,686
3,228
257
5,680
580
515

766
333
553
3,963

797

839
1,125
8,351
4,789
2,844
1,082
3,072
26,485
9,141
1,629
479
1,989
2,481
1,108
4,229
1,459
2,261
1,540
4,365


Seasonally


adjusted


Without


seasonal


adjustment


Total inventories


99,525
84,697
65,366
2,656
9,050
4,912
4,138
7,177
741
13,847
983
979

2,498
1,103
1,178
9,430

2,166

1,961
2,666
14,828
4,281
8,356
2,645
5,733
34,159
7,894
834
2,162
3,278
2,769
1,111
7,158
2,237
2,472
1,929
6,497


99,426
84,673
65,391
2,650
9,132
4,942
4,190
7,040
726
13,946
975
989

2,491
1,123
1,196

9,473

2,170

2,019
2,730
14,753
4,178
8,398
2,615
5,782
34,035
7,777
803
2,195
3,256
2,777
1,107
7,097
2,217
2,449
1,951
6,533


99,416
84,787
65,352
2,652
9,234
4,987
4,247
7,033
759
13,968
971
995

2,471
1,112
1,190
9,487

2,132

2,032
2,738
14,629
4,095
8,414
2,619
5,730
34,064
7,829
795
2,195
3,281
2,766
1,101
7,166
2,240
2,453
1,957
6,417


85,680
66,129
2,748
8,947
4,794
4,153
7,359
811
14,004
997
993

2,520
1,114
1,197
9,730

2,193

2,121
2,724
14,828
4,169
8,427
2,682
5,831

34,379
7,669


New orders Unfilled orders
n .a I


58,326
50,462

31,773
5,184
2,442
3,231
5,703
830

733
290
568

3,945

857

883
1,028
7,864
2,451
5,846

26,553
ar ocn~


1,923
6,084

26,712
, T1/n


54,909
47,920

29,825
4,800
2,143
3,368
5,466
446

734
272
545

3,783

760

728.
1,080
6,989
2,339
5,419

25,084
C 0


82,598
55,071

79,389
7,633
4,528
10,629
15,453
4,963

2,090
1,059
1,646

12,966

3,280

548
5,666
27,527
19,154
5,181

3,209
*) One


81,241
54,568

77,992
7,286
4,298
10,774
15,399
4,962

2,135
1,039
1,633

12,673

3,326

518
5,359
26,673
18,531
5,187

3,249
) OAQ


100,222
85,380
65,980
2,743
9,044
4,818
.4,226
7,188
776
14,100
989
1,008

2,528
1,128
1,205
9,605

2,179

2,088
2,752
14,842
4,145
8,464
2,641
5,817
34,242
7,620
828
2,245
3,346
2,810
1,118
7,207
2,244
2,426
1,986
6,602


13,776
975
1,004

2,388
1,154
1,175
9,766

2,020

2,199
2,877
15,319
3,935
9,418
2,719
5,652
33,403
7,368
870
2,133
3,564
2,745
1,055
6,813
2,243
2,397
1,935
6,448


84,653
56,351

81,612
7,323
3,667
10,679
16,605
4,787

2,289
1,464
1,640

13,314

3,469

570
5,370
28,302
21,760
5,389

3,041
., nil i


It













Table 2.--VALUE OF


MANUFACTURERS


SHIPMENTS,


INVENTORIES
(Millions


AND SUPPLEMENTARY


of dollars)


Sesn jse Without seasonal Without seasonal
Seasonally adjusted djtmet Seasonally adjusted adjustment
adjustment- adjustment
Industry group
May Apr. Mar. May Apr. May May Apr. Mar. May Apr. May
1971 1971r 1971 1971p 1971r 1970 1971 1971r 1971 1971 1971r 1970

Shipments Total inventories


All manufacturing industries, total.. 59,122 58,426 58,578 59,898 59,681 56,358 99,525 99,426 99,416 100,508 100,222 98,625

Durable goods industries, total............ 32,277 31,771 32,093 33,198 32,780 31,300 65,366 65,391 65,352 66,129 65,980 65,222
Nondurable goods industries, total......... 26,845 26,655 26,485 26,700 26,901 25,058 34,159 34,035 34,064 34,379 34,242 33,403

Industry groups arranged by market
categories:
Home goods and apparel.................. 5,025 4,941 4,885 4,636 4,791 4,225 10,060 10,109 10,077 10,609 10,353 10,391
Consumer staples......................... 11,527 11,647 11,586 11,377 11,461 10,740 13,067 12,967 12,952 12,885 12,869 12,379
Equipment and defense products, except
automotive.............................. 9,391 9,129 9,515 9,442 9,433 9,540 25,835 26,002 25,957 26,204 26,278 26,493
Automotive equipment..................... 4,976 5,026 5,350 5,456 5,348 4,959 5,388 5,284 5,195 5,296 5,310 5,075
Construction materials, supplies, and
intermediate products................... 5,097 5,033 4,947 5,314 5,213 4,636 8,455 8,392 8,398 8,631 8,573 8,185
Other materials and supplies and
intermediate products................... 23,106 22,650 22,295 23,673 23,435 22,258 36,720 36,672 36,837 36,883 36,839 36,102

Supplementary series:2
Household durable goods industries....... 2,272 2,320 2,252 2,115 2,184 2,001 5,056 5,105 5,095 5,290 5,215 5,291
Producers' capital goods industries...... 6,767 6,559 6,785 6,820 6,750 6,749 17,694 17,664 17,577 17,927 17,847 17,124
Defense products industries (old series). 4,078 3,912 4,224 4,098 3,965 4,284 11,729 11,855 11,879 11,881 11,948 13,037
Defense products (new series)*........... 1,975 1,825 1,887 1,977 1,852 2,006 6,072 6,108 6,008 6,158 6,165 7,284

New orders Unfilled orders

All manufacturing industries, total.. 57,895 57,279 58,326 57,663 58,711 54,909 81,370 82,598 83,748 81,241 83,467 84,653

Durable goods industries, total............ 31,062 30,636 31,773 30,951 31,787 29,825 78,173 79,389 80,526 77,992 80,235 81,612
Nondurable goods industries, total......... 26,833 26,643 26,553 26,712 26,924 25,084 3,197 3,209 3,222 3,249 3,232 3,041

Industry groups arranged by market
categories:
Home goods and apparel................... 5,063 4,966 4,936 4,698 4,817 4,228 2,002 1969 1,935 1,949 1,891 1903
Consumer staples......................... 11,523 11,656 11,597 11,371 11,460 10,735 )
Equipment and defense products, except
automotive.............................. 8,715 8,723 9,089 8,463 9,164 8,771 44,640 45239 45,669 44,065 45,014 45,259
Automotive equipment........................ 5,052 5,002 5,375 5,483 5,293 4,719
Construction materials, supplies, and
intermediate products................... 5,106 5,017 4,949 5,256 5,319 4,742 10,549 10,540 10,557 10,734 10,793 10,733
Other materials and supplies and
intermediate products................... 22,436 21,915 22,380 22,392 22,658 21,715 24,179 24,850 25,587 24,493 25,769 26,758

Supplementary series:2
Household durable goods industries....... 2,305 2,339 2,296 2,159 2,187 1,997 1,607 1,574 1,555 1,545 1,501 1,524
Producers' capital goods industries...... 6,578 6,225 6,767 6,666 6,505 6,359 24,552 24,742 25,075 24,468 24,622 24,176
Defense products industries (old series). 3,546 3,640 3,724 3,181 3,768 3,678 24,737 25,267 25,539 24,306 25,222 27,596
Defense products (new series)e........... 1,570 1,500 1,580 1,370 1,584 1,647 19,190 19,595 19,920 18,863 19,470 18,896


*During
figures on
included i
reporters,
new orders


mentary


1968 manufacturers in ordnance, communications,


shipment
n these


Lts, orders,
new defense


and total inventories


series.


the data have been seasonally


adjusted


series


for trading-day


are regroupings


of the


Since there are


adjusted


usi


and calendar-mont


separate


indust


aircraft and aircraft


f work performed
no historical d
ng the factors o
h variations; un
ry categories as


parts, and ship building industries began to provide aggregate


for the Departrent of Defense.


ata available
f these indust


filled


orders


The results


to develop separate sea
ries. PPreliminary.


and inventories


of these reports


sonal factors
rRevised,


as of end of month.


for these
'Shipments
The supple-


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'
equipment
ponents),


capital


goods


(former


and machine shops),


shipbuilding


ly machinery
electrical m


and repairing,


and equipment)


achlnerv


and railroad


(excluding
and street


industries


househo


- Machinery, e
Ild appliances,


exceptt


electrical


communication


(excluding
qulpment an


farm machinery and


d electronic


Coa-


car equipment.


fense products
aircraft, alrc
industries and


r


industries
aft parts,


omits defense


(old series)
and ordnance


- Based


industries.


work performed


on reports


(Thus,


for companies
this series


in the ship building


classifi
includes


in the communication


significant


amounts


equipment,


of nondefense


complete
work in these


industry.)


Defense


products


(new ser


industries: ordnance.
in that it includes oe


aircraft,


and aircraft


ies) Based on
communications,


fense


parts


activity
. The da


separate
complete


report
aircra


s o
ft,


in ship building and
ta are comparable to


n defense
aircraft
excludes


work filed by large


parts,


nondefense


those published


defense


and ship building.


work in ordnance,


annually


in the HA-175,


contractors


is, it differs
communications,
Shipments of


in the following


from the old
complete


series


Defense-Oriented


Industries, for the specified


De












Table 3.--MANUFACTURERS'


(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
Nondurab


Unfilled
Durable


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


industries.........


industries.........


goods industries, to
le goods industries,


orders:
goods industries


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


total.......


Month-to-month


+1.2


-0.3


-1.4


+1.3


-0.1


Average


monthly


3 months


Feb.-
av 1971


+0.7


.1.1


+2.2


-0.2


+0.8


rates of change


12 months


+0.5


+0.2


.0.4


+0.5


Average,


Average
rise


+0.7


+1.1


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


nenr h t Unfilled orders shipments ratiot
Inventories shipments ratio
(months' backlog)
Industry group
May Apr. Mar. May May Apr. Mar. May
1971 1971r 1971 1970 1971p 1971 1971 1970

All manufacturing industries, total.................. 1.68 1.70 1.70 1.75 2.17 2.31 2.34 2.47
Durable goods industries, total............................. 2.03 2.06 2.04 2.11 2.59 2.79 2.82 2.97
Stone, clay, and glass products.......................... 1.56 1.54 1.59 1.74 (NA) (NA) (MA) (NA)
Primary metals......................................... ........ 1.61 1.68 1.83 1.80 1.25 1.41 1.59 1.48
Fabricated metals........................................ 2.17 2.21 2.18 2.09 3.53 3.67 3.59 3.65
Machinery, except electrical............................. 2.52 2.54 2.46 2.43 2.80 2.82 2.75 2.96
Electrical machinery..................................... 2.31 2.36 2.39 2.37 3.17 3.24 3.30 3.40
Transportation equipment................................. 1.90 1.92 1.75 2.05 4.34 5.68 5.30 5.62
Instruments and related products......................... 2.33 2.31 2.42 2.36 (NA) (NA) (NA) (NA)
Nondurable goods industries, total......................... 1.27 1.28 1.29 1.32 0.43 0.44 0.44 0.44
Food and kindred products............................... .............. 0.86 0.85 0.86 0.89 (X) (X (X) (X
Tobacco products.................................... ...... ... ..... .... 4.59 4.61 4.58 4.82 (X) (X) (X) (X)
Textile mill products.................................... 1.66 1.69 1.65 1.97 (NA) (NA) (NA) (NA)
Paper and allied products................................ 1.11 1.13 1.11 1.16 (RA) (NA) (NA) (NA)
Chemicals and allied products............................ 1.63 1.64 1.69 1.62 (x) (X) (X) (X)
Petroleum and coal products............................. 1.10 1.07 1.08 1.12 (X) ) () (X) (X)
Rubber and plastics products, n.e.c...................... 1.21 1.24 1.27 1.29 (X) (X) (X) (X)


(NA) Not available.
tExcludes the following


liminary.


industries


with


no unfilled


(x)
orders:


Not applicable.


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


GROUP


motor












BY STAGE OF FABRICATION,


(Millions


of dollars)


Without seasonal Without seasonal
Seasonally adjusted adjustment Seasonally adjusted adjustment
adjustment -adjustment
Industry group M
May April March May April May May April March May April May
1971p 1971r 1971 1971p 1971 1970 1971p 1971r 1971 1971p 1971r 1970


All manufacturing


Durable goo
Stone, cl
Primary in
Machinery


ds industries


industries
, total...


ay, and glass products.


etals.........
(electrical a


Transportation
All other durab


Nondurable
Chemicals
Petroleum
Rubber an


, total..
*... ,....
.........


..........nd nonelectrical).,
tnd nonelectrical).


equipment...............
le goods industries.....


goods industries,


and allied


total.......


products.........


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


d plastics


All other nondurable



All manufacturing


Durable goo
Stone, cl
Primary m
Machinery


products,


goods industries.,...


industries,


total..


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


(electrical


Transportation eq
All other durable


Nondurable
Chemicals
Petroleum
Rubber an


and nonelectrical).


uipment....., .. .. ....
goods industries.......


goods industries,


and allied


total.........


products. ........


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


d plastics


All other nondurable


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


Total


99,416
65,352
2,652
9,234
23,455
14,629
15,382
34,064
7,166
2,453
1,957
22,488


100,222
65,980
2,743
9,044
23,705
14,842
15,646
34,242
7,207
2,4268


Materials


12,207
2,416
547
620
8,624


and supplies


Work in process Finished goods


34,427
29,491
371
3,014


34,707
29,783
404
3.028


10,669


34,789
17,844
1,416
2,973
7,058
1,460
4,937
16,945
3.848


35,468
18,267
1 471


10,986


Preliminary.
Revised.
Revised.


ds industries,


ay,


GROUP













Appendix


The following is a description of the survey and


definitions used.


These are provided to clarify


EXPLANATION OF


TERMS


the meaning
represent ar


of the


items


involved and do not


revisions from those definitions


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


previously employed.


reported


which


are received


DESCRIPTION OF THE SURVEY


receivable net selling values,


discounts


f.o.b.


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, an
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. In the


annual survey.


therefore, the value of work done


The monthly


survey


M3-1


does not provide


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


The monthly reporting panel consists of ap-
proximately 5,000 reporting units and includes
virtually all companies with 1,000 or more em-
ployees and a sample of the smaller ones. The


reporting
operations


typically


comprises


the entire


a company although many of the


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


industries.

Most of the reporting


units


include


mixed


industry activity even within the broad industry


categories


of the monthly survey.


The survey


methodology assumes that the month-to-month
changes of the reporting units classified in each
industry category represent effectively the month-
to-month movements of the establishments in the


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 bother
industries within the industry group. With the ex-
ception of motor vehicles, it is not significant at


the 4-digit SIC group


dustry cat
industries,


te


level.


Since the M3-1 in-


gories typically are groupings of
this duplication is significant for the


all manufacturing,


durable goods and nondurable


goods categories and the various market groups.
The significance of the duplication within the
specific M3-1 industry groups varies depending on
the 4-digit industry composition of these groups.
It is most pronounced in a few highly integrated
industry areas such as primary metals and motor
vehicles and parts.

Since most monthly reports are for the entire
company or major divisions rather than establish-
ments, the companies are requested to report net
sales, i.e., total company billings after discounts




UNIVERSITY OF FLORIDA

SII 1 11 IIII2 II II8 1li i
3 1262 08589 4565


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, "at book 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


cation:


are reported


by stage of fabri-


(a) finished goods; (b) work in process;


inventories.


materials, s
In using


applies, fue]
inventories


and other
by stage of


fabrication at the all manufacturing and 2-digit
industry levels as well as for the durable and non-


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


specific
cluded.


lly


authorized


to be expended are in-


The respondent is instructed to deduct


the sales valueof partial or complete cancellation
of existing orders.

Unfilled orders include orders as defined above
that have not yet passed through the sales account.
Generally, unfilled orders at the end of the re-
porting period are equal to unfilled orders at the


beginning


of the period


net new orders


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


durable goods sectors,


finished


it should be noted that a


product of one industry may be a raw


material for another industry at the next stage of


fabrication.


Insofar as the durable and nondurable


goods sectors and also the 2-digit industry groups
contain industries with successive stages of
processing, the same type of commodity may be
included under different inventory categories in
the aggregate statistics.


directly in the tabulated totals.


derived


New orders are


from the shipments plus net change in


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


from seasonally adjusted shipments
sonally adjusted unfilled orders.


sea-