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:
October 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:
AA00008477:00049

Related Items

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

Full Text

A UNITED STATES
DEPARTMENT OF
COMMERCE
PUBLICATION


Manufacturers'


Inventories,


Shipments,


and


Orders


October


1971


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


FOR RELEASE:


December 1, 1971


SERIES:


M3-1(71)-10


Chart 1 Manufacturers' New Orders (Seasonally Adjusted)
Billions of Dollars*


SUMMARY


New


orders


manufactured


products


October at $57.2 billion decreased $100 million,
virtually no change from $57.3 billion in September
(revised from $56.9 billion) after seasonal adjust-
ment. Shipments decreased $500 million or 0.8


percent


to $57.4


billion


from


$57.9


billion in


September. Unfilled orders decreased $200
million or 0.2 percent to $77.2 billion at the end
of October. Manufacturers' inventories increased
$300 million to $100.6 billion at the end of


1968 1969 1970 1971


October. The inventories
increased from 1.73 to 1.75.


to shipments


ratio


Chart 2


- Manufacturers' Shipments (Seasonally Adjusted)
Billions of Dollars*


For the 3 months ending inOctober, the average
change in new orders represents a 0.6 percent
decrease compared with a 1.0 percent increase


for the


decrease


months ending in July and a 0.4 percent
for the 3 months ending in April.


NEW ORDERS


New orders for durable goods at $31.2 billion
increased $200 million or 0.6 percent over
September. New orders for the machinery in-
dustries (electrical and nonelectrical) increased
$400 million to $10.1 billion and transportation
equipment decreased $200 million to $7.0 billion.
Among the supplementary series, new orders for
defense products increased $500Q to $2.0
billion and producers' cap <- j sed
$400 million to $6.9 billion 2 A


-*i.. S a *~


~~-~-1


Total


Durable Goods Industries


~rXC
-
-'S
-. -


Nondurabli


- -


Goods Industries


TRIAL


REPORTS






2

SHIPMENTS


Shipments


of durable


goods decreased $200


Chart 3


- Manufacturers'


Unfilled Orders (Seasonally Adjusted)


million or 0.6 percent to $31.3 billion inOctober.
Shipments of transportation equipment decreased
$300 million while primary metals increased $200


million.


Shipments of nondurable goods decreased


$300 million to $26.1 billion.

UNFILLED ORDERS

Unfilled orders for durable goods decreased
$100 million or 0.2 percent to $74.2 billion at the


end of October.


Decreases in unfilled orders of


$300 million in transportation equipment and $200
million in fabricated metal products were partially
offset by a $400 million increase in the machinery
industries (electrical and nonelectrical).

INVENTORIES

Inventories of durable goods decreased $100
million as nondurable goods increased $400


million.


Billions


Durable Goods Industries


I1,,1 II,,


III iAIIhlIIIIhIlIlIh


*Semilog Scale
1 II I E, 1, 1I IIIIII,,1 ,I ,


of Dollars*


At the all manufacturing level, materials


and supplies


decreased


million,


work in


process increased $100 million, and finished goods
increased $400 million.


Chart 4


- Total Inventory (Seasonally Adjusted)


Billions of Dollars*


SCHEDULED RELEASE DATES

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


advance report on durable goods.


The advance


report is based on a tabulation of early reports


and is limited


orders,


to statistics on shipments, new


unfilled


industry categories.


orders


for a few broad


The present report is based


on more complete reporting, but the estimates are


also considered preliminary.
appear as historical data i:
published for next month. Th


durable


goods


for Novembe:


Final figures will
n the report to be
e advance report on
r is scheduled for


release on December 22, 1971 and the full report
is scheduled for release on January 4, 1972.

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.


F,~ *ra~t I it I it I I It I I









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


(Millions


of dollars)


Without seasonal Without seasonal
Seasonally adjusted adjustment Seasonally adjusted adjustment
adjustment- adjustment
Industry group Oct. Sept. Aug. Oct. Sept. Oct. Oct. Sept. Aug. Oct. Sept. Oct.
1971 1971r 1971 1971 1971r 1970 1971P 1971r 1971 1971p 1971r 1970


All manufacturing


industries:


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


Total,


Durable g
Stone, I
Primary
Blast


excluding
industries,
and glass


transportation.. .
total.............
products............


metals, total....................
furnaces, steel mills............


All other
Fabricated
Metal can
Machinery,
Engines ai


primary metals................


netal
s, bar


except


products,
Trels, and


electrical,


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


total


ad turbines....................


Farm machinery
Construction,


handling
Metalworki


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


mining,


and material


equipment...... .............
ng machinery ....... .........


General industrial machinery...........


Electrical
Electric
equipmer
Household
and TV..
CommunicE
Transportal


Motor


machinery,


transmission a
and industrial


appliances,


nd distribution
apparatus.....


including


radio


tion equipment..............


equipment,


vehicles


Aircraft,
Instruments
All other d
Nondurable go'


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


missiles,
and relate


durable


ods


Food and kindre


Tobacco prodi
Textile mill
Paper and al
Pulp, pape:
Chemicals an4
Industrial
Petroleum an
Rubber and p
All other no]


good


and parts..........
d products.........
:s industries........


industries,
d products,


total


ucts. ... .. .. . .
products.....................


lie
rF,


d


products,


d allied products,
chemicals, except


total......
pigments..


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


lastics
durable


All manufacturing


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


industries:


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


Total, excluding


Durable g
Primary


oods


industries,


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


metals,


Blast furnaces


Fabricated
Machinery,


Engines


metal
excep


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


electrical,


total......


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


Construction, mining,


handling


and material


equipment .a....... ...........


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


General


ind


Electrical ma
Electrical
equipment
Household a
and TV....
Communicati
Transportation
Aircraft, m


ustrial

chinery,


machinery .. .'. ...

total*...............


transmission a
and industrial


nd distribution
apparatus ....


appliances, including


radio


fon equipment................


n equipment
missiles, an


d, total.......,
nd parts.,,........


Shipments


57,402
50,127

31,348
1,785
4,459
1,896
2,563
3,583
352
5,122
318
464

835
378
436
4,550

969

916
1,204
7,275
4,759
1,839
1,018
3,556


2


!6,054
8,679
1,907
512
(2)
2,179
906
4,265
1,374
2,384
1,575
6,460


57,237
50,282
31,208
4,518
1,958
3,338


5,342
432

866
378
453

4,748

1,085

953
1,205
6,955
1,590


57,892
50,272
31,543
1,758
4,270
1,706
2,564
3,680
364
5,186
327
484

858
392
416
4,523

925

937
1,245
7,620
5,153
1,782
989
3,517
26,349
8,667
1,927
503
(2)
2,211
925
4,459
1,451
2,308
1,637
6,564


57,322
50,192
31,026
4,517
2,020
3,520
5,105
332

848
406
387

4,628

915

920
1,338
7,130
1,348


57 804
49,889
31,464
1,831
3,991
1,457
2,534
3,679
351
4,983
305
497

839
370
416
4,513

892

962
1,231
7,915
5,303
1,930
969
3,583
26,340
8,683
1,910
488
(2)
2,270
965

4,305
1,404
2,293
1,682
6,619


60,093
52,178

32,807
1,958
4,469
1,792
2,677
3,725
341
5,172
298
552

805
372
457

4,743

955

1,023
1,231
7,915
5,416
1,854
1,078
3,747
27,286
9,158
2,001
501
(2)
2,279
934
4,367
1,386
2,391
1,660
6,930


60,282
52,656
32,627
1,925
4,237
1,629
2,608
3,802
406
5,334
354
515

878
413
439
4,845

963

1,108
1,265
7,626
5,188
1,762
1,088
3,770
27,655
9,251
1,952
520
(2)
2,299
934
4,673
1,486
2,347
1,649
6,916


29,133
1,600
4,409
1,951
2,458

3,599
321

4,539
253
416

763
299
414
4,572

851

1,015
1,312
6, 104
3,177
2,293
1,020
3,290
26,282
8,814
2,125
469
(2 )
2,167
910
4,072
1,290
2,242
1,484
7,034


Total inventories


100,579
87,032

64,490
2,305
9,257
4,875
4,382
7,346
723
13,595
967
1,030

2,651
1,184
1,146
9,820

2,186

1,940
2,929
13, 547
3,878
7,424
2,400
S6,220
36,089
9,091
818
2,207
(2)
2,772
1,022
6,697
1,889
2,465
2,113
10,744


64,563
2,293
9,230
4,875
4,355
7,403
755
13,686
932
1,084

2,686
1,200
1,147
9,902

2,203

1,961
2,956
13,493
3,854
7,427
2,369
6,187
35,703
8,909
849
2,185
(2)
2,740
1,013
6,691
1,878
2,459
2,064
10,655


100,063
86,493
64,523
2,302
8,953
4,635
4,318
7,519
800
13,745
937
1,103

2,713
1,190
1,146
9,885

2,209

1,953
2,921
13,570
4,015
7,365
2,356
6,193
35,540
8,818
853
2,129
(2)
2,711
1,014
6,729
1,882
2,471
2,095
10,587


99,791
86,151

63,963
2,177
9,263
4,933
4,330
7,220
696
13,434
972
979

2,593
1,188
1,121
9,718

2,169

1,881
2,924
13,640
3,960
7,451
2,381
6,130
35,828
9,389
817
2,187
(2)
2,734
1,022
6,536
1,854
2,506
2,084
10,392


99,381
85,798
64,090
2,198
9,168
4,846
4,322
7,340
743
13,522
925
1,045

2,635
1,191
1,132
9,802

2,184

1,902
2,944
13,583
4,012
7,413
2,347
6,130
35,291
8,900
798
2,107
(2)
2,701
998
6,572
1,854
2,479
2,035
10,497


99,501
85,136
64,696
2,176
9,122
4,924
4,198
6,821
759
13,804
959
1,096

2,486
1,238
1,134
10,193

2,157

1,991
3,140
14,365
4,045
8,343
2,403
5,812
34,805
8,876
782
2,175
(2)

2,666
990
6,496
1,908
2,408
2,106
10,078


I I I a
New orders ____________________________________ _____________________________________ I ____________________________________ ____________________________________ Unfilled orders
I _______________


58,085
50,162
31,758
4,184
1,701
3,577
5,072
368

910
380
437

4,584

943

1,008
1,212
7,923
1,985


59,916
52,175
32,638
4,594
1,910
3,496

5,374
404

817
364
458

4,800

1,007

1,028
1,262
7,741
1,687


60,019
52,671
32,432
4,361
1,847
3,694
5,223
359


5,198

901

1,099
1,677
7,348
1,500


54,151
48,600
27,769
4,215
1,906
3,635
4,383
231

775
266
383

4,210

770

974
1,260
5,551
1,525


77,161
53,353
74,219
5,672
2,945


10,453
14,497
5,093

2,486
1,075
1,246

14,695

4,087

673
6,031
23,808
17,212


77,325
53,197
74,362
5,612
2,883
10,698
14,279
4,979

2,456
1,075
1,229

14,500

3,972

638
6,029
24,128
17,461


77,898
53,280
74,879


10,859
14,360
4,974

2,466
1,061
1,258

14,393

3,982

654
5,936
24,618
17,895


77,331
53,149
74,397
5,297
2,632

10,494
14,508
5,104

2,412
1,073
1,260

14,850

3,984

704
6,326


24,182
17,445


77,513
53,158
74,568
5,173
2,514
10,724
14,308
4,999

2,400
1,082
1,259

14,793

3,932

699
6,295
24,355
17,611


79,754
53,684
76,791
5,857
2,946
10, 903
14,430
4,591

2,503
1,262
1,114

14,443

3,910

693
5,865
26,070
20,002


t


I


I











SHIPMENTS, INVENTORIES,


(Millions of


dollars)


Without seasonal Without seasonal
Seasonally adjusted ithoutseasnal Seasonally adjusted Without sen
adjustment- adjustment
Industry group ---
Oct. Sept. Aug. Oct. Sept. Oct. Oct. Sept. Aug. Oct. Sept. Oct.
1971p 1971r 1971 1971j 1971r 1970 1971P 1971r 1971 1971p 1971r 1970

Shipments Total inventories


All manufacturing industries, total.. 57,402 57,892 57,804 60,093 60,282 55,415 100,579 100,266 100,063 99,791 99,381 99,501

Durable goods industries, total............ 31,348 31,543 31,464 32,807 32,627 29,133 64,490 64,563 64,523 63,963 64,090 64,696
Nondurable goods industries, total......... 26,054 26,349 26,340 27,286 27,655 26,282 36,089 35,703 35,540 35,828 35,291 34,805

Industry groups arranged by market
categories:
Home goods and apparel................... 5,220 5,299 5,322 5,707 5,833 5,785 10,949 10,839 10,726 10,560 10,621 10,129
Consumer staples......................... 11,310 11,332 11,279 11,966 12,090 11,412 13,813 13,842 13,659 14,038 13,756 13,524
Equipment and defense products, except
automotive...................*...... ... 8,581 8,509 8,484 8,626 8,691 8,244 25,239 25,398 25,372 25,091 25,133 26,069
Automotive equipment..................... 5,280 5,733 5,889 5,975 5,788 3,861 5,087 5,028 5,198 5,108 5,137 5,184
Construction materials, supplies, and
intermediate products........ ......... 5,177 5,188 5,334 5,528 5,582 4,733 8,283 8,169 8,200 8,055 8,003 7,620
Other materials and supplies and
intermediate products................... 21,834 21,831 21,496 22,291 22,298 21,380 37,208 36,990 36,908 36,939 36,731 36,975

Supplementary series:2
Household durable goods industries....... 2,356 2,397 2,419 2,621 2,719 2,427 4,964 4,938 4,917 4,823 4,852 4,765
Producers' capital goods industries...... 6,664 6,652 6,435 6,618 6,853 5,787 17,392 17,461 17,501 17,280 17,285 17,321
Defense products industries (old series). 3,475 3,431 3,584 3,492 3,424 4,033 11,256 11,295 11,191 11,265 11,251 12,389
Defense products (new series)*........... 1,795 1,765 2,077 1,798 1,752 2,133 5,469 5,412 5,282 5,486 5,378 6,793

New orders Unfilled orders

All manufacturing industries, total.. 57,237 57,322 58,085 59,916 60,019 54,151 77,161 77,325 77,898 77,331 77,513 79,754

Durable goods industries, total........... 31,208 31,026 31,758 32,638 32,432 27,769 74,219 74,362 74,879 74,397 74,568 76,791
Nondurable goods industries, total......... 26,029 26,296 26,327 27,278 27,587 26,382 2,942 2,963 3,019 2,934 2,945 2,963

Industry groups arranged by market
categories:
Home goods and apparel................... 5,260 5,275 5,361 5,673 5,798 5,686 2188 2129 2163 2224 2228 1991
Consumer staples......................... 11,331 11,321 11,282 11,998 12,091 11,431 ,
Equipment and defense products, except
8,509 7,974 8,509 8,602 8,601 7 903
automotive.............................. 8,509 7,974 8,509 8,602 8601 7,903 2610 42 594 43 091 43 107 43,089 43 716
Automotive equipment..................... 5,369 5,774 5,863 6,019 5,842 3,799 2610 42594 43091 43107 43089 43716
Construction materials, supplies, and
intermediate products................... 5,005 5,006 5,209 5,313 5,438 4,768 10,102 10,274 10,456 10,126 10,341 10,438
Other materials and supplies and
intermediate products................... 21,763 21,972 21,861 22,311 22,249 20,564 22,261 22,328 22,188 21,874 21,855 23,609

Supplementary series:2
Household durable goods industries....... 2,390 2,379 2,457 2,579 2,688 2,320 1,800 1,769 1,786 1,827 1,868 1,627
Producers' capital goods industries...... 6,864 6,425 6,551 6,829 6,565 5,811 22,958 22,759 22,986 23,055 22,845 22,483
Defense products industries (old series). 3,197 3,018 3,634 3,335 3,525 3,277 23,845 24,122 24,535 24,371 24,527 26,595
Defense products (new series)w........... 1,950 1,467 2,154 2,141 1,786 2,091 19,035 18,880 19,177 19,534 19,192 19,925


4fluriiig


figures
eluded


1968 manufacturers


on shipments,
in these new d


orders,


let ense


s


the data have been seasonally


adjusted


for trading-day


in ordnance, communications,
and total inventories of wo:


series. S
adjusted


since t
using


and calendar-month


here


aircraft


rk performed


are no historic


: the factors
variations;


unfilled


and aircraft


orders


parts, and shipbuilding


for the Department


data available


of Defense.


g industries
The results


to develop separate seasonal
Preliminary. Revised.


and inventories


as of end of month.


factors


began to provide


of these


reports


aggregate
are in-


for these reporters,


'Shipments
3The supply


and new
ementary


orders
series


are regroupings


of the separate


industry


categories


as follows:


Household


durable


goods industries


- Household furniture;


kitchen


articles


and pottery;


cutlery,


handtoo Is,


and hardware;


household


appliances;


ophthalmic


goods,


watches,


and clocks;


and miscellaneous


personal


goods.


Producers'
equipment
ponents),


capital


goods (formerly


and machine
shipbuilding


shops),


machinery


electrical


and repairing,


and equipment)


machinery


and railroad


industries


(excluding
and street


househo


- Machinery, e
Id appliances,


xcept


electrical


communication


(excluding
equipment an'


farm machinery


d electronic


COm-


car equipment.


Defense prod
craft, air
industries


u
c


cts industries (o
raft parts, and o
and omits defense


ld series)


r


- Based


ordnance industries.
work performed in


on reports
(Thus, t


for companies


his series


the shipbuilding


classified


includes


in the communication


significant


amounts


equipment,


of nondefense


complete


air-


work in these


industry.)


Defense prodi
industries:


series i
complete


lcts


(new series)


ordnance,


n that it includes


aircraft,


- Based


communicatior


defense


and aircraft


on separate
Ls, complete


activity


parts.


reports o
aircraft,


in shipbuilding


The data are compare


n defense
aircraft


work filed by large defense


parts,


and excludes
ble to those


and shipbuilding.


nondefense
published


contractors


Thus,


work in ordnance,


annually


in the


it diffe


in the following
rs from the old


comunicatiwis,


MA-175,


Shipments of


,i for the specified industries.


of these industries.


;]










LONG TERM PERCENT CHANGES


(Based


on seasonally


adjusted


Item and industry


Shipments:
All manufacturing


Durable go
Nondurable


group


industries..


ods industries,


goods industries,


Total inventories:
All manufacturing

New orders:
All manufacturing


Durable go
Nondurable


Unfilled
Durable


total.


total.


industries..


industries..


ods industries,


total.


goods industries,


orders:
goods industries,


S......
.".....


total...


total.


Month-to-month


Sept.-
Oct.
1971


-0.8


+0.3


-0.2


40.2


-0.7


-1.1


-0.1


Average


monthly


3 months


+0.1


-0.2


40.4


-0.1


-1.5


rates of change


12 months


+0.6


Jan.-
r. 1971


+1.2


-0.2


Average,


Average
rise


+1.1


+0.7


+1.1


1965-1970


Average
decline


-1.2


-0.3


-0.7


Table 4.--VALUE


OF MANUFACTURERS


INVENTORIES,


BY STAGE OF FABRICATION,


BY INDUSTRY


(Millions


of dollars)


Without seasonal Without seasonal
Seasonally adjusted adjustment Seasonally adjusted adjustment
adjustment adjustment
Industry group
Oct. Sept. Aug. Oct. Sept. Oct. Oct. Sept. Aug. Oct. Sept. Oct.
1971 1971r 1971 1971P 1971r 1970 1971P 1971r 1971 1971' 1971r 1970

Total Materials and supplies


All manufacturing industries, total.. 100,579 100,266 100,063 99,791 99,381 99,501 32,249 32,354 32,736 32,382 32,409 31,717

Durable goods industries, total............. 64,49( 64,563 64,523 63,963 64,090 64,696 18,900 19,306 19,709 19,098 19,573 19,067
Stone, clay, and glass products.......... 2,305 2,293 2,302 2,177 2,198 2,176 743 755 758 738 754 735
Primary metals............................ 9,257 9,230 8,953 9,263 9,168 9,122 3,470 3,519 3,436 3,610 3,627 3,464
Machinery (electrical and nonelectrical). 23,415 23,588 23,630 23,152 23,324 23,997 6,188 6,376 6,496 6,174 6,367 6,252
Transportation equipment................. 13,547 13,493 13,570 13,640 13,583 14,365 2,811 2,814 3,012 2,879 2,931 3,224
All other durable goods industries....... 15,966 15,959 16,068 15,731 15,817 15,036 5,688 5,842 6,007 5,697 5,894 5,392
Nondurable goods industries, total......... 36,089 35,703 35,540 35,828 35,291 34,805 13,349 13,048 13,027 13,284 12,836 12,650
Chemicals and allied products............ 6,697 6,691 6,729 6,536 6,572 6,496 2,328 2,343 2,357 2,308 2,322 2,255
Petroleum and coal products.............. 2,465 2,459 2,471 2,506 2,479 2,408 560 567 588 563 563 555
Rubber and plastics products, n.e.c...... 2,113 2,064 2,095 2,084 2,035 2,106 647 622 639 654 636 701
All other nondurable goods industries.... 24,814 24,489 24,245 24,702 24,205 23,795 9,814 9,516 9,443 9,759 9,315 9,139

Work in process Finished goods

All manufacturing industries, total.. 33,761 33,699 33,322 33,606 33,522 34,602 34,569 34,213 34,005 33,803 33,450 33,182

Durable goods industries, total............ 28 673 28,532 28,214 28,557 28,369 29,515 16,917 16,725 16,600 16,308 16,148 16,114
Stone, clay, and glass products.......... 297 304 309 273 285 294 1,265 1,234 1,235 1,166 1,159 1,147
Primary metals........................... 3,101 3,112 3,024 3,061 3,052 3,109 2,686 2,599 2,493 2,592 2,489 2,549
Machinery (electrical and nonelectrical). 10,589 10,602 10,555 10,530 10,520 11,277 6,638 6,610 6,579 6,448 6,437 6,468
Transportation equipment................. 9,348 9,290 9,158 9,388 9,311 9,708 1,388 1,389 1,400 1,373 1,341 1,433
All other durable goods industries....... 5,338 5,224 5,168 5,305 5,201 5,127 4,940 4,893 4,893 4,729 4,722 4,517
Nondurable goods industries, total......... 5,088 5,167 5,108 5,049 5,153 5,087 17,652 17,488 17,405 17,495 17,302 17,068
Chemicals and allied products............ 867 879 862 865 878 844 3,502 3,469 3,510 3,363 3,372 3,397
Petroleum and coal products.............. 469 466 457 469 469 450 1,436 1,426 1,426 1,474 1,447 1,403
Rubber and plastics products, n.e.c...... 327 320 320 332 328 330 1.139 1,122 1,136 1.098 1,071 1,075


GROUP








OF MANUFACTURERS' INVENTORIES TO SHIPMENTS AND UNFILLED


(Based


on seasonally


adjusted


n toie shi nsrUnfilled orders shipments ratio'
Inventories shipments ratio
(months' backlog)
Industry group
Oct. Sept. Aug. Oct. Oct. Sept. Aug. Oct.
1971 1971r 1971 1970 1971p 1971r 1971 1970

All manufacturing industries, total.................. 1.75 1.73 1.73 1.88 2.23 2.24 2.26 2.43
Durable goods industries, total............................ 2.06 2.05 2.05 2.32 2.68 2.71 2.74 2.93
Stone, clay, and glass products.......................... 1.29 1.30 1.26 1.58 (NA) (NA) (NA) (NA)
Primary metals................................*.......... 2.08 2.16 2.24 2.05 1.27 1.31 1.34 1.41
Fabricated metals....................................... 2.05 2.01 2.04 2.00 3.24 3.23 3.26 3.47
Machinery, except electrical............................. 2.65 2.64 2.76 3.10 2.83 2.75 2.88 3.20
Electrical machinery..................................... 2.16 2.19 2.19 2.35 3.23 3.21 3.19 3.27
Transportation equipment.................................... 1.86 1.77 1.71 2.46 5.74 5.97 5.68 5,90
Instruments and related products......................... 2.36 2.40 2.43 2.51 (NA) (NA) (NA) (NA)
Nondurable goods industries, total......................... 1.39 1.36 1.35 1.40 0.43 0.42 0.42 0.45
Food and kindred products................................ 1.05 1.03 1.02 1.03 (X) (X) (X) (X)
Tobacco products......................................... 4.31 4.34 4.36 4.58 (X) (X) (X) (X)
Textile mill products................................... ( 2) (2) (2) (2) iNA) (NA) (NA) (NA)
Paper and allied products................................ 1.27 1.24 1.19 1.31 (NA) (MA) (NA) (NA)
Chemicals and allied products............................ 1.57 1.50 1.56 1.67 (X) (X) (X) (X)
Petroleum and coal products.............................. 1.03 1.07 1.08 1.06 (X) (X) (X) (X)
Rubber and plastics products, n.e.c...................... 1,34 1.26 1.25 1.52 (X) (X) (X (X)


'Excludes the
vehicle assembly


following


liminary.


industries


with no unfilled


operations; foods and related products;


(X)
order:


tobacco;


Not applicable.


Wooden


metal


chemicals;


cans,


barrels


petroleum


and drums;


and coal


products;


rubber and plastics products,


Beginning


with July 1971,


the shipments


level for this series appears to be high compared with information


shown in other textile


series.


All data


for this industry


group are, therefore,


withheld


pending


investigation


and revision.


Chart 5


-Ra


o of Manufacturers'


nventorie


ed Orders to Shipments,


(Seasonally Adjusted)


s to Shipments
Durable Goods


industries


Ratio Scale


3.60
3.50
3.40
3.30
3.20
3.10
3.00
2.90
2.80
2.70
2.60
2.50
2.40

2.30
2.20

2.10

2.00

1.90


Not available.


containers;


apparel and related


glass containers;


products;


motor


and Unfill


S


GROUP












Appendix


The following is a description of the survey and


definitions usi
the meaning
represent any


EXPLANATION OF TERMS


These are provided to clarify


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


ASM


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, an
selected items.
information onr


cost of materials,


inventories


as wel


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 workperformed 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, and orders data monthly
for individual establishments.


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.


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


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,


With the ex-


ception of motor vehicles, it is not significant at


the 4-digit SIC group level.


dustry cal
industries,


all manufac


Since the M3-1 in-


igories typically are groupings of
this duplication is significant for the
turning, 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


te




UNIVERSITY OF FLORIDA

8 1II I II l 5 1 l l4IIIII
3 1262 08589 4094


definition of shipments in the monthly reports
differs from that used in the annual establishment


reports,
changes


it is assumed that the month-to-month


min 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 theaggregate
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-


finished goods; (b) work in process;


materials,


inventories.


In using


supplies,


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 .Receivi, 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 value of 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
received less net sales.


net new orders


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


successive


stages


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 adjusteddata
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.