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:
June 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:
AA00008477:00045

Related Items

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

Full Text

A UNITED STATES
DEPARTMENT OF
COMMERCE
PUBUCATION


CURRENT


INDUSTRIAL


facturers'
yentories,


REPORTS


Shipments,


and


Orders


F' J 1

APARTMENT


June 1971


OMMERCE / Bureau of the Census


lii


FOR RELEASE:


August


'yr


SERIES:


M3-1(71)-6


SUMMARY


New orders for manufactured products in June


at $57.8


billion


decreased


million


or 0.3


percent from $58.0 billion in May after seasonal
adjustment. Shipments increased $800 million or
1.4 percent to $60.1 billion from $59.3 billion in
May. Unfilled orders declined $2.3 billion to
$79.0 billion at the end of June. Manufacturers'
inventories decreased $100 million to $99.5 billion


at the end of June.


ments


increase


About $400 million of the ship-
resulted from the completion


of billings on contracts in the aerospace industry,
and there were corresponding downward changes


in inventories and unfilled orders.


The inventories


to shipments ratio declined to 1.65 from 1.68.

For the 3 months ending in June, the average


Chart 1- Manufacturers' New Orders (Seasonally Adjusted)


.. I. I.. ~


Durable Goods



Nondurable Goods


It *11*11k I


liii


Billions of Dollars*


/'~-


*Semilog scale
I, i 11 s1Ial


change


new orders


represents a 0.3 percent


decrease compared with an increase of 1.1 percent


for the 3


percent


months


increase


ending


for the


Sin March


months


and a 0.6


ending


December.


NEW ORDERS


New orders for durable goods at $31.0 billion
decreased $200 million or 0.6 percent over May.
Decreases in new orders for primary metals and


machinery


(electrical


and nonelectrical) of $300


million and $100 millionrespectivelywere partially
offset by a $200 million increase in transportation
equipment. Among the supplementary series, new
orders for defense products decreased $100 million
to $1.5 billion.

SHIPMENTS


Shipments of durable goods increased $900
million to $33.3 billion at the end of June. Ship-
ments of the aerospace industries increased $500


million
Snr^vrnn cirn


while motor vw
A clnn r^nll;nr


icle industry shipments
C7 -t1 4*" nn^ anS^ r. "+ ** a 4 .it nl,- 4^^ n a..,


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


'C


I









Chart 3


- Manufacturers Unfilled Orders (Seasonally Adjusted)


UNFILLED ORDERS


Unfilled orders for durable goods declined $2.3
billion to $75.8 billion at the end of June influenced


primarily
equipment
million).


Inventories


by large decreases in transportation
($1 billion) and primary metals ($900


in the durable


goods


industries


decreased $300 million to $65.1 billion but, with
the exclusion of the aerospace industries, showed


a rise of $200 million.


Stocks in the nondurable


goods industries increased $200 million to $34.4
billion. At the all manufacturing level, materials
and supplies stocks increased $300 million, work
in process decreased $300 million, and finished
goods decreased $100 million from May.



SCHEDULED RELEASE DATES


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


advance
report


report


on durable


goods.


The advance


is based on a tabulation of early reports


and is limited


orders,


to statistics


unfilled


industry categories.


orders


on shipments,


new


for a few broad


The present report is based


on more complete reporting, but the estimates are


considered


preliminary.


appear as historical dat
published for next month.


durable


goods


Final


in the


figures will
report to be


The advance report on


for July is scheduled for release


on August 20, 1971 and the full report is scheduled
for release on August 31.



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-'


ington, D.C. 20233.


-


I
A>


Chart 4


- -


1.11 liii


Sn


Zil~f-


Billions of Dollars*


milog scale


Total Inventory (Seasonally Adjusted)


-
-- -- *


ii I I


Total


Durable Goods


- -----I


4..
4~


Nondurable Goods


Billions of Dollars*


- --


i
*Semi log scale
.1 I 1 11 11 11 1 11 11


1967 1968


1969 1970 1971


INVENTORIES


.1 j~l 11111


I,


A











OF MANUFACTURERS' SHIPMENTS, INVENTORIES, AND ORDERS, BY INDUSTRY GROUP


(Millions


of dollars)


Without seasonal Without seasonal
Seasonally adjusted adjustment1 Seasonally adjusted adjustment
adjustment" adjustment
Industry group June May April June May June June May April June May June
1971 1971r 1971 1971 1971 1970 1971p 1971 1971 1971 1971r 1970


All manufacturing


Total,


Durable g
Stone,
Primary


excluding


industries:


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


goods industries,


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


metals,


Blast furnaces


total...i..... ........ .
i steel mills............


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


Fabricated metal


products,


Metal cans, barrels,


Machinery,


Engines


except


and


electric


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


Farm machinery
Construction,


handling


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


mining,


and material


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


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


General in
Electrical m
Electrical
equipment


Household


dustrial machinery............
achinery, total..............
transmission and distribution
and industrial apparatus.....


appliances,


including


radio


and TV...,,.........................,...
Communication equipment.................
Transportation equipment, total...........
Motor vehicles and parts................


Aircraft,
Instruments


missiles, and parts...........
and related products..........


All other durable


Nondurable


goods industries........


goods industries,


Food and kindred


products,


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


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


Tobacco
Textile
Paper a:


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


nd allied


products,


Pulp, paper,


Chemicals an
Industrial
Petroleum an'
Rubber and p
All other nor


d allied pr
chemicals,


oducts,
except


total......
pigments...


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


lastics
durable


All manufacturing


Total,


Durable g
Primary


excluding


products,


n.e.c......


goods industries.....



industries:


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


oods industries,


metals,


Blast furnaces


Fabricated
Machinery,


Engines


metal
excep


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


It


electrical,


total,......


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


Construction, mining,


and material


handling equipment..................,.


Metalworking


General indus

Electrical mach
Electrical tr
equipment an
Household app
and TV......
Communication
Transportation 4


Aircraft,


All other

Nondurable e


mis,


durable


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


trial machinery.............


inery,
ansmiss
d indus


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


liances, including radio


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


equipment,
siles, and


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


goods industries........


goods industries.


total..........


Shipments


60,149
51,740
33,313
1,763
5,525
2,777
2,748
3,240
319
5,701
465
587

736
366
538
4,163

823

879
1,244
8,409
4,535
3,104
1,115
3,397
26,836
9,091
1,644
480
1,974
2,566
1,142
4,386
1,521
2,209
1,637
4,493


58,426
50,751

31,771
1,721
5,425
2,625
2,800
3,181
284
5,484
463
508

717
342
510
4,006

766

904
1,175
7,675
4,472
2,485
1,134
3,145
26,655
9,153
1,736
476
1,921


60,081
51,817
33,348
1,773
5,947
2,870
3,077
3,321
295
5,706
465
547

765
342
534

3,977

826

734
1,235
8,264
4,803
2,668
1,121
3,239
26,733
8,997
1,682
482
1,931


59,309
51,531
32,430
1,709
5,603
2,628
2,975
3,258
287
5,594
466
507

715
345
522
4,157

807

874
1,267
7,778
4,359
2,622
1,139
3,195
26,879
9,131
1,672
469
1,963
2,485
1,087
4,398
1,473
2,242
1,633
4,558


Total inventories


59,340
51,179
32,845
1,643
5,205
2,386
2,819
3,511
335
5,877
507
515

787
375
602
4,171

831

913
1,159
8,161
4,624
2,761
1,247
3,030
26,495
9,062
1,734
454
1,834
2,422
1,025
4,383
1,466
2,215
1,623
4,502


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


99,602
84,776
65,379
2,656
9,034
4,892
4,142
7,162
744
13,910
982
982

2,503
1,099
1,179
9,400

2,162

2,009
2,666
14,826
4,281
8,363
2,630
5,761
34,223
7,916
823
2,169
3,269
2,777
1,106
7,173
2,241
2,482
1,935
6,502


99,807
85,518
65,436
2,717
8,794
4,555
4,239
7,480
855
14,019
974
992

2,563
1,095
1,183
9,627

2,178

2,128
2,686
14,289
4,140
7,867
2,643
5,867
34,371
7,690
826
2,095
3,411
2,821
1,113
7,130
2,235
2,479
1,939
6,806


100,584
85,757
66,148
2,747
8,931
4,775
4,156
7,345
815

14,070
997
996

2,526
1,110
1,198
9,700

2,189

2,172
2,724
14,827
4,169
8,434
2,665
5,863
34,436
7,690
836
2,160
3,394
2,825
1,114


98,073
83,054
64,779
2,607
8,491
4,492
3,999
6,815
759
13,743
932
1,009

2,397
1,139
1,170
9,773

2,021

2,136
2,909
15,019
3,743
9,301
2,723
5,608
33,294
7,254
834
2,074
3,496
2,791
1,086
6,872
2,243
2,413
1,916
6,478


New orders Unfilled orders


57,823
50,452
30,978
4,658
1,947
3,216
5,701
369

844
367
528

3,838

718

831
1,048
7,371
2,248
6,194

26.845


58,013
50,819
31,177
4,955
2,137
3,273
5,588
546

689
331
542

4,067

831

883
1,183
7,194
2,125
6,100

26.836


57,279
50,061
30,636
5,030
2,335
3,145
5,302
404

719
312
520

3,907

728

881
1,215
7,218
2,172
6,034

26.643


60,885
52,792
33,282
4,727
1,901
3,386
6,174
510

887
387
557

4,234

805

916
1,225
8,093
2,352
6,668

27.603


57,779
50,332
31,061
4,794
1,941
3,246
5,605
516

733
321
546

3,788

888

754
1,042
7,447
1,906
6,181

26.718


58,582
50,637
32,147
4,968
2,251
3,677
5,607
442

805
297
574

4,123

844

947
1,073
7,945
2,486
5,827

26.435


78,973
53,069
75,800
6,114
3,206
10,620
15,448
4,947

2,172
1,047
1,656

12,551

3,199

508
5,386
25,904
17,801
5,163

3.173


81,298
54,356
78,132
6,983
4,073
10,644
15,447
5,043

2,064
1,045
1,666

12,875

3,304

556
5,582
26,942
18,657
5,241

3.166


78,740
53,100
75,512
6,055
3,209


10,629 10,666


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


15,440
4,905

2,201
1,044
1,656

12,465

3,250

515
5,251
25,640
17,712
5,246

3.228


81,167
54,548
77,949
7,282
4,319
10,767
15,456
4,968

2,126
1,037
1,686

12,611

3,326

529
5,331
26,619
18,499
5,214

3.218


83,902
55,816
80,921
7,085
3,531
10,845
16,328
4,722

2,307
1,386
1,613

13,269

3,483

613
5,284
28,086
21,485
5,298

2.981


34,035


I










OF MANUFACTURERS'


SHIPMENTS,


INVENTORIES

(Millions


, AND ORDERS,
of dollars)


FOR MARKET


CATEGORIES


AND SUPPLEMENTARY


SERIES


Seasonally adjusted Without seasonal Weasonally adjusted without seasonal
r gu Sl adjustment Seasonally adjustment
Industry group
pr r r I
Junep May Apr. June Mayr June Junep Mayr Apr. Junep Mayr June
1971 1971 1971 1971 1971 1970 1971 1971 1971 1971 1971 1970

Shipments Total inventories

All manufacturing industries, total.. 60,149 59,309 58,436 63,319 60,081 59,340 99,456 99,602 99,426 99,807 100,584 98,073

Durable goods industries, total............ 33,313 32,430 31,771 35,726 33,348 32,845 65,066 65,379 65,391 65,436 66,148 64,779
Nondurable goods industries, total........ 26,836 26,879 26,655 27,593 26,733 26,495 34,390 34,223 34,035 34,371 34,436 33,294

Industry groups arranged by market
categories:
Home goods and apparel................... 5,062 5,053 4,941 5,010 4,663 4,732 10,184 10,134 10,109 10,689 10,685 10,303
Consumer staples......................... 11,546 11,529 11,647 11,797 11,375 11,464 13,166 13,081 12,967 12,839 12,897 12, 273
Equipment and defense products, except
automotive.............................. 9,971 9,524 9,129 10,615 9,578 9,673 25,512 25,904 26,002 25,713 26 277 26 445
Automotive equipment.................... 5,116 4,920 5,026 5,723 5,395 5,346 5,524 5,385 5,284 5,250 5,293 4,848
Construction materials, supplies, and
intermediate products.................. 5,215 5,124 5,033 5,732 5,341 5,011 8,471 8,421 8,392 8,606 8,596 8,152
Other materials and supplies and
intermediate products................... 23,239 23,159 22,650 24,442 23,729 23,029 36,599 36,677 36,672 36,710 36,836 36,052

Supplementary series:2
Household durable goods industries....... 2,364 2,307 2,320 2,393 2,149 2,227 5,117 5,111 5,105 5,307 5,348 5,209
Producers capital goods industries...... 6,887 6,845 6,559 7,485 6,900 6,995 17,792 17,648 17,664 17,906 17,882 17,135
Defense products industries (old series). 4,596 4,132 3,912 4,709 4,153 4,204 11,182 11,744 11,855 11,297 11,897 12,943
Defense products (new series)*........... 2,561 1,992 1,825 2,623 1,993 2,192 5,501 6,024 6,108 5,558 6,109 7,170


New orders Unfilled orders
All manufacturing industries, total.. 57,823 58,013 57,279 60,885 57,779 58,582 78,973 81,298 82,598 78,740 81,167 83,902

Durable goods industries, total............ 30,978 31,177 30,636 33,282 31,061 32,147 75,800 78,132 79,389 75,512 77 949 80,921
Nondurable goods industries, total......... 26,845 26,836 26,643 27,603 26,718 26,435 3,173 3,166 3,209 3,228 3,218 2,981

Industry groups arranged by market
categories:
Home goods and apparel................... 5,030 5,125 4,966 5,037 4,757 4,828
Consumer staples......................... 11,524 11,524 11,656 11,780 11,369 11,460 f1,980 2,034 1,969 1,990 1,980 1,913
Equipment and defense products, except
automotive.............................. 8,793 8,876 8,723 9,794 8,624 9,398
Automotive equipment..................... 5,028 4,975 5,002 5,596 5,401 5,262 43,381 44,645 45,239 43,127 44,069 44,901
Construction materials, supplies, and
intermediate products................... 5,165 5,119 5,017 5,640 5,269 5,073 10,486 10,536 10,540 10,628 10,720 10,795
Other materials and supplies and
intermediate products................... 22,283 22,394 21,915 23,038 22,359 22,561 23,126 24,083 24,850 22,995 24,398 26,293

Supplementary series:
Household durable goods industries....... 2,339 2,372 2,339 2,425 2,222 2,253 1,612 1,637 1,574 1,607 1,574 1 552
Producers' capital goods industries...... 6,707 6,695 6,225 7,345 6,783 6,861 24,411 24,591 24,742 24,372 24,507 24*044
Defense products industries (old series), 3,521 3,557 3,640 3,856 3,193 3,843 23,618 24,692 25,267 23,410 24,262 27,235
Defense products (new series) ........... 1,462 1,518 1,500 1,671 1,318 2,034 18,022 19,121 19,595 17,843 18,795 18,738


1968 manufacturers in ordnance,


figures


included in these


reporters,
new orders


mentary


orders,


new defense


communication,


and total inventories


series.


the data have been seasonal


adjusted


for trading-day


are regroupings


of the


Since there are
y adjusted usin


aircraft and aircraft


of work performed for


no historical
a the factors


and calendar-month variations:;


separate


industry


categories


parts, and ship


the Department of Defense.


data available


to develop


of these industries.


unfilled


orders


Preliminary.


building industries began to provide aggregate


The results
seasonal f


of these reports


actors


and inventories


as of end of month.


as follows:


for these
'Shipments
The supple-


Household du
appliances

Producers c
equipment
ponents ~,


rable


goods industries


ophthalmic


apltal


goods,


goods (former


and machine
shipbuilding


shops),


- Household furniture;


watches,


ly machi
electric


and repairing,


and clocks;


flery


kitchen


articles


and miscellaneous


and equipment)


al machinery
and railroad


excluding
and street


and pottery;


personal


cutlery,


handtools,


and hardware;


household


goods.


industries Machinery.


household


appliances,


except


electrical


communication


car equipment.


texcludlng
equipment an


farm machinery and
d electronic cam-


products


aircraft,
industries


industries


aircraft


(old series)


and


and omits defense


- Based


on reports


I ordnance industries.
work performed in the


(Thus,


for companies
this series


ship building


classify
includes


in the cotmrunication


significant


amounts


equipment,


of nondefense


complete
work in these


industry.)


fense products
industries: o
in that it inc
aircraft, and


(new series)


rdnance.


ludes


aircraft


- Based


coOmmunication


defense


parts


activity
. The da


Industries, for the specified


on separate
s, complete


reports o
aircraft,


in ship building
ta are comparable


tn defense
aircraft


and excludes


work filed by large


parts,


defense


and ship building.


nondefense


to those published


work in ordnance,


annually


in the MA-175,


contractors


Es, it differs
communications,
Shipments of


in the following


from the old series
complete
Defense-Oriented


on shipments,


series


Defense


parts,


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 goods indus
Nondurable goods in


Unfilled
Durable


tal.....
total..


industries.


industries.


tries, to
dustries,


tal....
total.


orders:


goods


industries


total.


Month-to-month


+1.4


-0.1


-3.0


+1.5


+0.2


-1.6


-0.3


-1.4


Average


monthly


3 months


Mar.
June 19


-2.0


+1.6


+0.4


rates of change


12 months


+0.5


-0.6


Sept. -
Dec. 1970


+0.3


-0.1


Average,


Average
rise


+1.3


+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


r st r Unfilled orders shipments ratio1
Inventories shipments ratio months backlog)
(months' backlog)
Industry group p
p r p r
June May Apr. June June May Apr. June
1971 1971 1971 1970 1971 1971 1971 1970


All manufacturing industries, total.................. 1.65 1.68 1.70 1.73 2.12 2.23 2.31 2.44
Durable goods industries, total........................... 1.95 2.02 2.06 2.10 2.54 2.68 2.79 2.95
Stone, clay, and glass products.......................... 1.51 1.55 1.54 1.68 (NA) (NA) (NA) (NA)
Primary metals.................................*......... 1.61 1.61 1.68 1.78 1.11 1.25 1.41 1.48
Fabricated metals........................................ 2.25 2.20 2.21 2.03 3.64 3.58 3.67 3.64
Machinery, except electrical............................. 2.45 2.49 2.54 2.53 2.71 2.76 2.82 3.02
Electrical machinery..................................... 2.25 2.26 2.36 2.40 3.01 3.10 3.24 3.37
Transportation equipment................................. 1.72 1.91 1.92 2.01 4.71 5.39 5.68 5.65
Instruments and related products.........'................. 2.33 2.31 2.31 2.28 (NA) (NA) (NA) (NA)
Nondurable goods industries, total......................... 1.28 1.27 1.28 1.29 0.43 0.43 0.44 0.42
Food and kindred products................................ 0.88 0.87 0.85 0.86 (X) (X) (X) (X)
Tobacco products......................................... 4.51 4.62 4.61 5.14 (X) (X) (X) (X)
Textile mill products................................... 1.67 1.67 1.69 1.93 (NA) (NA) (NA) (NA)
Paper and allied products................................ 1.08 1.12 1.13 1.18 (NA) (NA) (NA) (NA)
Chemicals and allied products.............................. 1.63 1.63 1.64 1.65 (X) (x) (X) (X)
Petroleum and coal products.............................. 1.14 1.11 1.07 1.15 (X) (X) (X) (X)
Rubber and plastics products, n.e.c...................... 1.18 1.18 1.24 1.25 (X) (X) (Xi (X)


Not available.


tExcludes


the following


liminary.


industries


with


rRevised.
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 products, n.e.c.


GROUP


motor












BY STAGE OF FABRICATION,


(Millions


of dollars)


Without seasonal Without seasonal
Seasonally adjusted adjustment Seasonally adjusted adjustment
Industry group
June May Apr. June May June June Mayr Apr. June May June
1971 1971 1971 1971 1971 1970 1971 1971 1971 1971 1971 1970

Total Materials and supplies

All manufacturing industries, total.. 99,456 99,602 99,426 99,807 100,584 98,073 30,868 30,603 30,416 30,640 30,411 29,136
Durable goods industries, total............ 65,066 65,379 65,391 65,436 66,148 64,779 18,508 18,383 18,192 18,431 18,227 17,364
Stone, clay, and glass products........... 2,666 2,656 2,650 2,717 2,747 2,607 876 876 866 874 874 815
Primary metals.......................... 8,903 9,034 9,132 8,794 8,931 8,491 3,236 3,185 3,213 3,157 3,037 2,968
Machinery (electrical and nonelectrical). 23,358 23,310 23,419 23,646 23,770 23,516 5,830 5,818 5,838 5,862 5,854 5,645
Transportation equipment................ 14,493 14,826 14,753 14,289 14,827 15,019 3,108 3,245 3,119 3,005 3,193 2,936
All other durable goods industries....... 15,646 15,553 15,437 15,990 15,873 15,146 5,458 5,259 5,156 5,533 5,269 5,000
Nondurable goods industries, total......... 34,390 34,223 34,035 34,371 34,436 33,294 12,360 12,220 12,224 12,209 12,184 11,772
Chemicals and allied products............ 7,147 7,173 7,097 7,130 7,191 6,872 2,370 2,384 2,376 2,362 2,381 2,282
Petroleum and coal products......,........ 2,514 2,482 2,449 2,479 2,463 2,413 567 546 541 572 555 559
Rubber and plastics products, n.e.c...... 1,939 1,935 1,951 1,939 1,950 1,916 597 600 618 604 596 610
All other nondurable goods industries.... 22,790 22,633 22,538 22,823 22,832 22,093 8,826 8,690 8,689 8,671 8,652 8,321

Work in process Finished goods

All manufacturing industries, total.. 34,155 34,425 34,427 34,203 34,754 35,332 34,433 34,574 34,583 34,964 35,419 33,605
Durable goods industries, total............ 29,199 29,428 29,491 29,192 29,702 30,281 17,359 17,568 17,708 17,813 18,219 17,134
Stone, clay, and glass products.......... 380 381 371 391 401 387 1,410 1,399 1,413 1,452 1,472 1,405
Primary metals........................... 2,899 2,975 3,014 2,858 2,964 2,881 2,768 2,874 2,905 2,779 2,930 2,642
Machinery (electrical and nonelectrical). 10,597 10,588 10,599 10,617 10,713 11,008 6,931 6,904 6,982 7,167 7,203 6,863
Transportation equipment................. 9,965 10,149 10,174 9,875 10,191 10,572 1,420 1,432 1,460 1,409 1,443 1,511
All other durable goods industries....... 5,358 5,335 5,333 5,451 5,433 5,433 4,830 4,959 4,948 5,006 5,171 4,713
Nondurable goods industries, total......... 4,956 4,997 4,936 5,011 5,052 5,051 17,074 17,006 16,875 17,151 17,200 16,471
Chemicals and allied products............ 940 938 916 936 933 890 3,837 3,851 3,805 3,832 3,877 3,700
Petroleum and coal products.......,...... 536 534 529 546 544 546 1,411 1,402 1,379 1,361 1,364 1,308
Rubber and plastics products, n.e.c...... 315 309 311 312 307 311 1,027 1,026 1,022 1,023 1,047 995
All other nondurable goods industries.... 3,165 3,216 3,180 3,217 3,268 3,304 10,799 10,727 10,669 10,935 10,912 10,468

Preliminary.
Revised


GROUP












Appendix


The following is a descriptionofthe survey and


definitions us4
the meaning
represent anm


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


DESCRIPTION OF THE SURVEY


in the


ASM


which


are received


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 universeofabout 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 well


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. In the


annual survey.


therefore, the value of work done


The monthly


survey


M3-1


does not provide


information at the complete SIC industry detail
because of the smaller size of the reporting panel
and the fact that most companies cannot provide


shipments, inventories,
for individual establish


and orders data monthly


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


reporting
operations


typically


comprises


the entire


a company although many of the


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


Most


of the reporting


units


include


mixed


industry activity even within the broad industry


categories of the monthly survey. The survey
methodology assumes that the month-to-month
changes of the reporting units classified in each
industry category represent effectively the month-
to-month movements of the establishments in the
SIC industries which make up the category. Thus,
the monthly reports are used to update the ASM


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. Since the M3-1 in-


dustry cal
industries,


.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
and allowances. Companies which file divisional
reports are requested to treat transfers from one


te









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, "atbookvalues. Since
different methods of inventory valuation are used
(LIFO, FIFO, etc.), the definition of the aggregate
inventories for establishments in an industry is
not precise. The figures on the change in in-
ventories from one period to the next are of
greater significance than the actual aggregates.

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


UNIVERSITY OF FLORIDA

8 3 1262 08589 4102


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 ofparitialor complete cancellation
of existing orders.

Unfilled orders include orders as defined above
that have not yet passed through the sales account.
Generally, unfilled orders at the end of the re-
porting period are equal to unfilled orders at the
beginning of the period plus net new orders
received less net sales.
While both new orders and unfilled orders are
used in reviewing individual company reports for
consistency, only unfilled orders are estimated
directly in the tabulated totals. New orders are
derived from the shipments plus net change in
unfilled orders for each industry category. This
procedure is followed for seasonally adjusted data
as well as for the unadjusted data. Shipments and
unfilled orders are seasonally adjusted independ-
ently. Seasonally adjusted new orders are derived
from seasonally adjusted shipments and sea-
sonally adjusted unfilled orders.