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:
November 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:
AA00008477:00050

Related Items

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

Full Text

A UNITED STATES
DEPARTMENT OF
COMMERCE
PUBUCATION


yU'RRENT I


Manufacturers'


Inventories,


N U-/
r INDUSTRIAL


Shipments,


Orders


November


1971


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


FOR RELEASE:


January 3, 1972


SERIES:


M3-1(71)-11


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


SUMMARY


New orders for manufactured
Noember at $59.8 billion increased
S4,1- percent from $57.5 billion in (
seasonal adjustment. Shipments in
lion or 3.3 percent to $59.3 billion
billion in October. Unfilled ordej
: Omi50 lion or 0.6 percent to $77.9
enld of November. Manufacturers'
ifeamained unchanged at $100.7 billic
of November. The inventories to shi
decreased to 1.70 from 1.75.
4I


For the


3 months


products in
i $2.3 billion
October after
creased $1.9
n from $57.4
:s increased
billion at the
inventories
n at the end
pments ratio


ending in November,


average change in new orders represents a 1.0
percent increase compared with an 0.6 percent
increase for the 3 months ending in August and
an 0.1 percent' decrease for the 3 months ending
in May.
NEW ORDERS

New orders for durable goods at $32.5 billion
increased $1.3 billion or 4.3 percentover October.
New orders for transportation equipment in-
creased $600 million or 8.8 percent to $7.6 billion.
New orders for primary metals and fabricated
metal products each increased $300 million in
November. Among the supplementary series,
household durables increased $300millionto $2.7
billion.


40
-35
Durable Goods Industries

-25
-.---Nondurable Goods Industries 20


15
*Semilog Scale
1967 1968 1969 1970 1971

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


I I I I I I S I a I I


and


REPORTS







Chart 3


Shipments of durable goods increased $900
million or 2.8 percent to $32.0 billion in November.


Shipments of primary
million to $4.8 billion.
goods increased $1.0
$27.3 billion.


metals


increased


Shipments of nondurable
billion or 3.9 percent to


UNFILLED ORDERS


Unfilled


million


orders for durable goods increased


billion


the end of


November. Unfilled orders for nonelectrical
machinery increased $200 million to $14.7 billion.

INVENTORIES


Inventories


of durable goods and nondurable


goods showed no change in November. At the
all manufacturing level, materials and supplies
remained unchanged, work-in-process increased
$200 million and finished goods decreased $200
million.


- Manufacturers' Unfilled Orders (Seasonally Adjusted)


Billions of Dollars*


liii, Ii ~i~i


Chart 4


wA.


r


Durable Goods Industries







TIh 1, Il Inil i IiI ilI


*Semilog Scale


1-I


ItlIjhtIlt


Total Inventory (Seasonally Adjusted)


SCHEDULED RELEASE DATES


Billions of Dollars*


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 to statistics on shipments, new


orders,


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 in
published for next month. The
durable goods for December


release on January 21,


1972


Final figures will
the report to be
advance report on
is scheduled for
and the full report


is scheduled for release on February 1,197


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.


Total


Durable Goods







Nondurable Good


i i 1 i


f.

Industries


~-


Industries


*Semilog Scale
S i III It 1, 1 I I I I


SHIPMENTS


$74.7






OF MANUFACTURERS'


(Millions


of dollars)


Industry


All manufacturing


group


industries:


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


Total,


Durable
Stone,


excluding


goods industries,


and glass


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


Primary metals,


Blast


furnaces


All other
Fabricated
Metal can
Machinery,


Engines


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


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


netal
s, bar
except


products, to
rels, and dr
Electrical,


tal..........
uns..........
total.......


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


Farm machinery


Construction, mining,


handling


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


and material


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


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


General


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


Electrical machinery,


Electrical
equipment


Household


Communication
Transportation


Motor


vehicle


transmission a
and industrial


appliances,


nd distribution
apparatus.....


including


radio


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


missiles,


Instruments and r
All other durable
Nondurable goods in'
Food and kindred


Tobacco


elate
good
dustr
produ


and parts...........
d products..........
Is industries........
'ies, total..........
lcts, total..........


products..........................


Textile mill pro<
Paper and allied
Pulp, paper, e


products,


Chemicals and allied
Industrial chemical
Petroleum and coal p
Rubber and plastics
All other nondurable


1


products,
s, except


total......
pigments...


roducts...............


product
goods


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


All manufacturing industries:
Total..*............. ,*..............


Total,


Durable


excluding


goods industries,


Primary metals,
Blast furnaces


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


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


Fabricated metal products..................


Machinery,


Engines


except


electrical,


total.......


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


Construction,


mining,


and material


handling equipment......................
Metalworking machinery..................
General industrial machinery...........


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


Aircraft,


inery, total
ansmission
d industrial


ll...... .
and distribution
l apparatus.....


llances, including


radio


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


equipment,


missiles,


All other durable

Nondurable goods indi
Industries with un:
Industries without


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


goods industries........


ustrles
filled


unfilled


, totalr..........
orders...........


orders.,,,,,,..


Seasonally


adjusted


Without seasonal
adjustment1


Shipments


59,340
51,828
32,037
1,895
4,811
2,220
2,591
3,697
375
4,913
288
460

803
373
436
4,605

941

1,018
1,168
7,512
4,887
1,984
961
3,643
27,303
9,190
2,093
501
(2)
2,210
924
4,355
1,378
2,380
1,639
7,028


59,835
52,255
32,455
4,834
2,265
3,664

5,129
229


926

1,102
1,235
7,580
2,158
6,619

27,380
7,348
20,032


57,439
50,177
31,166
1,772
4,421
1,901
2,520
3,547
354
5,064
296
459

835
403
413

4,568

959

922
1,235
7,262
4,732
1,864
992
3,540
26,273
8,690
1,905
511
(2)
2,166
902
4,266
1,358
2,373
1,592
6,675


57,490
50,520
31,126
4,488
1,953
3,353
5,292
401

880
400
437

4,737

1,068

956
1,218
6,970
1,639
6,286

26,364
7,192
19,172


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


59,665
51,567
32,232
1,856
4,603
2,033
2,570
3,618
323
4,801
308
358

743
370
417
4,725

937

1,054
1,198
8,098
5,391
2,058
1,014
3,517
27,433
9,311
1,988
504
(2)
2,229
920
4,267
1,365
2,394
1,619
7,109


60,146
52,245
32,617
1,942
4,430
1,796
2,634
3,686
343
5,114
277
546

805
396
433

4,761

944

1,030
1,262

7,901
5,385
1,880
1,050
3,733
27,529
9,169
1,998
501
(2)

2,267
930
4,368
1,370
2,381
1,679
7,164


Seasonally


52,699 100,723
46,774 87,168
27,723 64,497
1,414 2,272
4,169 9,189
1,836 4,769
2,333 4,420
3,435 7,156
296 751S


4,336
310
244

728
304
377

4,516

863

951
1,312

5,925
3,048
2,217
976
2,952
24, 976
8,352
1,898
461
(2)

2,068
871
3,889
1,240
2,232
1,367
6,607


13,752
999
1,081

2,759
1,194
1,148
9,879

2,186

1,918
2,956
13,555
3,881
7,440
2,435
6,259
36,226
9,144
825
2,264
(2)

2,802
1,032
6,706
1,912
2,475
2,098
10,737


adjusted


Without seasonal
adjustment


Total inventories


100,740
87,315
64,494
2,296
9,283
4,875
4,408
7,372
723
13,690
975
1,046

2,684
1,190
1,161

9,851

2,182

1,944
2,944

13,425
3,831
7,415
2,388
6,189
36,246
9,201
842
2,221
(2)
2,772
1,019
6,730
1,903
2,474
2,124
10,724


100,266
86,773
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


100,036
86,401
63,990
2,167
9,262
4,884
4,378
6,991
678
13,642
996
1,059

2,743
1,194
1,131
9,729

2,153

1,848
2,947
13,635
3,939
7,466
2,385
6,179
36,046
9,571
858
2,241
(2)
2,751
1,022
6,572
1,880
2,496
2,093
10,322


New orders Unfilled orders


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
6,126

26,296
7,006
19,290


59,750
51,633
32,229
4,767
2,199
3,464

4,950
266

753
359
495

4,502

895

1,034
1,129
8,117
1,990
6,429

27,521
7 557
19,964


60,177
52,420
32,544
4,561
1,907
3,508
5,321
374

831
385
441

4,789

990

1,031
1,275
7,757
1,738
6,608

27,633
7,668
19,965


52,144
46,466
27,138
4,357
1,974
3,264
4,301
351

678
261
394

4,295

827

875
1,194
5,678
1,830
5,243

25,006
6,761
18,245


77,870
53,966
74,740
5,702
2,981
10,472

14,723
5,027

2,569
1,082
1,331

14,692

4,065

754
6,080
23,904
17,411
5,247

3,130
3,130


77,375
53,537
74,323
5,680
2,936
10,505
14,504
5,084

2,501
1,073
1,252

14,669

4,081

671
6,013
23,838,
17,237
5,127

3,052
3,052


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
5,145

2,963
2,963


77,639
53,408
74,506
5,470
2,790
10,395

14,668
5,055

2,436
1,060
1,345

14,598

3,933

682
6,238
24,231
17,402
5,144

3,133
3,133


19,957
16,442
i3,962
2,170
9,289
4,933
4,356


13,528
980
995

2,625
1,194
1,136

9,747

2,165

1,884
2,938

13,515
3,911
7,441
2,369
6,097
35,995
9,505
842
2,201
(2)
2,735
1,020
6,566
1,866
2,516
2,096
10,376


77,546
53,334
74,499
5,306
2,625
10,546
14,513
5,096

2,426
1,071
1,266

S14,821

3,976

701
6,307
24,212
17,470
5,101

3,047
3,046


100,264
85,886
65,013
2,205
9,311
5,067
4,244
6,900
739
13,918
956
1,135

2,543
1,228
1,141

10,101

2,164

1,960
3,102

14,378
4,102
8,268
2,363
5,837
35,251
9,194
816
2,199
(2)

2,685
994
6,597
1,933
2,476
2,149
9,951


79,199
53,376
76,206

6,045
3,084
10,732
14,395
4,632

2,453
1,219
1,131

14,222

3,874

617
5,747
25,823
19,615
4,98

2,993
2,993


Aircraft,


A______________*-a.


'


***--*;********-








OF MANUFACTURERS '


(Millions of


dollars)


Seasonally adjusted Without seasonal Without seasonal
Seasonally adjusted adjustment Seasonally adjusted adjustment
adjustment adjustment
Industry group
Nov. Oct. -Sept. Nov. Oct. Nov. Nov. Oct. Sept. Nov. Oct. Nov.
1971 1971 11971 971 1971r 1970 1971p 1971r 1971 1971P 1971r 1970

Shipments Total inventories


All manufacturing industries, total.. 59,340 57,439 57,892 59,665 60,146 52,699 100,723 100,740 100,266 100,036 99,957 100,264

Durable goods industries, total........... 32,037 31,166 31,543 32,232 32,617 27,723 64,497 64,494 64,563 63,990 63,962 65,013
Nondurable goods industries, total......... 27,303 26,273 26,349 27,433 27,529 24,976 36,226 36,246 35,703 36,046 35,995 35,251

Industry groups arranged by market
categories:
Home goods and apparel................... 5,775 5,326 5,299 5,703 5,824 5,241 10,969 10,911 10,839 10,500 10,522 10,038
Consumer staples.......................... 11,856 11,302 11,332 12,009 11,958 10,815 13,918 13,953 13,842 14,201 14,184 13,768
Equipment and defense products, except
automotive.............................. 8,300 8,531 8,509 8,252 8,576 8,020 25,459 25,296 25,398 25,369 25,145 26,084
Automotive equipment..................... 5,450 5,279 5,733 5,905 5,973 3,630 5,062 5,022 5,028 5,081 5,042 5,250
Construction materials, supplies, and
intermediate products................... 5,375 5,146 5,188 5,301 5,493 4,374 8,098 8,201 8,169 7,897 7,975 7,770
Other materials and supplies and
intermediate products................... 22,584 21,855 21,831 22,495 22,322 20,619 37,217 37,357 36,990 36,988 37,089 37,354

Supplementary series:2
Household durable goods industries....... 2,567 2,367 2,397 2,580 2,633 2,205 4,974 4,959 4,938 4,815 4,816 4,741
Producers' capital goods industries...... 6,455 6,592 6,652 6,484 6,548 5,840 17,490 17,435 17,461 17,374 17,321 17,411
Defense products industries (old series). 3,578 3,511 3,431 3,640 3,530 3,926 11,332 11,277 11,295 11,354 11,284 12,278
Defense products (new series)*........... 1,840 1,768 1,765 1,888 1,771 2,062 5,558 5,514 5,412 5,577 5,530 6,661

New orders Unfilled orders

All manufacturing industries, total.. 59,835 57,490 57,322 59,750 60,177 52,144 77,870 77,375 77,325 77,639 77,546 79,199

Durable goods industries, total............ 32,455 31,126 31,026 32,229 32,544 27,138 74,740 74,323 74,362 74,506 74,499 76,206
Nondurable goods industries, total......... 27,380 26,364 26,296 27,521 27,6331 25,006 3,130 3,052 2,963 3,133 3,047 2,993

Industry groups arranged by market
categories:
Home goods and apparel................... 5,889 5,369 5,275 5,719 5,791 5,161
Consumer staples....................-... 11,870 11,315 11,321 12,031 11,982 10,826 2,312 2,184 2,129 2,260 2,220 1,922
Equipment and defense products, except
automotive.............................. 8,683 8,493 7,974 8,258 8,583 7,587 3024 42633 42594 43266 43,126 43273
Automotive equipment.................... 5,459 5,355 5,774 6,035 6,005 3,620
Construction materials, supplies, and
intermediate products.................. 5,351 5,004 5,006 5,125 5,309 4,175 10,108 10,132 10,274 9,982 10,157 10,239
Other materials and supplies and
intermediate products................... 22,583 21,954 21,972 22,582 22,507 20,775 22,426 22,426 22,328 22,131 22,043 23,765

Supplementary series:2
Household durable goods industries....... 2,657 2,398 2,379 2,573 2,588 2,124 1,889 1,800 1,769 1,821 1,826 1,546
Producers' capital goods industries...... 6,536 6,806 6,425 6,525 6,771 5,861 23,055 22,972 22,759 23,112 23,066 22,504
Defense products industries (old series). 3,931 3,249 3,018 3,572 3,389 3,404 24,215 23,862 24,122 24,319 24,387 26,073
Defense products (new series)*........... 1,993 1,953 1,467 1,799 2,143 1,731 19,219 19,065 18,880 19,476 19,564 19,595


*During


figures
cluded
the dat
adjusted


1968 manufacturers in ordnance, communications, aircraft and aircraft


on shipments, orders, and total inventories of work performed


in these


new defense


have been seasonally


series.


Since there


adjusted using the


parts,


and shipbuilding


for the Department of


are no historic data available
factors of these industries.


Defense.


to develop separate
Preliminary.


for trading-day and calendar-month variations; unfilled orders and inventories as of


industries
The results


seasonal
rRevised.


end of month.


factors


began to provide


aggregate


of these reports are in-


for these reporters,


1Shipments and
be supplemental


new orders
v series


are regroupings


of the separate


industry


categories


as follows:


Household durable goods industries Household


furniture; kitchen articles and pottery;


cutlery,


handtools,


and hardware;


household


appliances;
Producers' c


ophthalmic
capital goods


goods, watches,


and clocks;


and miscellaneous


personal


goods.


(formerly machinery and equipment) industries Machinery, except electrical (excluding


equipment and machine shops), electrical machinery


(excluding


household appliances, communication equipment and


farm machinery
electronic


components),


shipbuilding and repairing, and railroad and street car equipment.


Defense products industries (old series)


- Based on reports


for companies classified in the communication equipment,


complete


craft,


aircraft


parts, and ordnance


industries.


(Thus, this series includes


significant amounts of


nondefense


work in these


industries and omits defense


Defense
tries:


products


(new series)


work performed in the shipbuilding industry.)
- Based on separate reports on defense work filed by


ordnance, communications, complete aircraft, aircraft


large defense


parts, and shipbuilding.


contractors


Thus, it differs


in the following


indus-


from the old series


that it includes defense activity


in shipbuilding


and excludes nondefense work in ordnance, communications, complete


aircraft,


aircraft parts.


The data are comparable to those


pub1.~hed


annually


in the MA-175,


Shipments of


Defense-Oriented Industries,


the specified industries.


air-







Table 3.--MANUFACTURERS'


(Based


on seasonally


adjusted


Month-to-month 1971 Average monthly rates of change. Average, 1965-70

3 months 12 months
Item and industry group /
Item and industry group Oct.- Sept.- Aug.- Average Average
Nov. Oct. Sept. Aug.-Nov. May-Aug. Feb.-May Nov. 1970- rise decline
1971 1971 1971 Nov. 1971

Shipments:
All manufacturing industries........... +3.3 -0.8 40.2 +0.9 -0.3 +0.8 +1.0 +1.1 -1.2
Durable goods industries, total.......... +2.8 -1.2 +0.3 +0.6 -0.4 +1.1 +1.3 +1.8 -1.8
Nondurable goods industries, total....... +3.9 -0.3 0.0 +1.2 -0.2 +0.5 +0.8 +1.0 -0.6
Total inventories:
All manufacturing industries........... 0.0 +0.5 40.2 +0.2 -0.2 0.0 0.0 +0.7 -0.3
New Orders:
All manufacturing industries........... +4.1 +0.3 -1.3 +1.0 +0.6 -0.1 +1.1 +1.9 -1.4
Durable goods industries, total.......... +4.3 +0.3 -2.3 +0.8 +1.3 -0.5 +1.4 +3.2 -2.3
Nondurable goods industries, total....... +3.9 +0.3 -0.1 +1.4 -0.1 +0.3 +0.8 +1.0 -0.6
Unfilled orders:
Durable goods industries, total....... +0.6 -0.1 -0.7 -0.1 -0.8 -1.1 -0.2 +1.1 -0.7









Table 4.--VALUE OF MANUFACTURERS' INVENTORIES, BY STAGE OF FABRICATION, BY INDUSTRY GROUP

(Millions of dollars)

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

Total Materials and supplies

All manufacturing industries, total.. 100,723 100,740 100,266 100,036 99,957 100,264 32,358 32,377 32,354 32,412 32,515 31,950
Durable goods industries, total............ 64,497 64,494 64,563 63,990 63,962 65,013 19,083 19,106 19,306 19,121 19,304 19,047
Stone, clay, and glass products.......... 2,272 2,296 2,293 2,167 2,170 2,205 745 744 755 739 740 741
Primary metals........................... 9,189 9,283 9,230 9,262 9,289 9,311 3,435 3,471 3,519 3,580 3,611 3,499
Machinery (electrical and nonelectrical). 23,631 23,541 23,588 23,371 23,275 24,019 6,407 6,284 6,376 6,346 6,270 6,241
Transportation equipment.................. 13,555 13,425 13,493 13,635 13,515 14,378 2,844 2,862 2,814 2,864 2,930 3,269
All other durable goods industries....... 15,850 15,949 15,959 15,555 15,713 15,100 5,652 5,745 5,842 5,592 5,753 5,297
Nondurable goods industries, total......... 36,226 36,246 35,703 36,046 35,995 35,251 13,275 13,271 13,048 13,291 13,211 12,903
Chemicals and allied products............ 6,706 6,730 6,691 6,572 6,566 6,597 2,289 2,331 2,343 2,277 2,311 2,297
Petroleum and coal products.............. 2,475 2,474 2,459 2,496 2,516 2,476 538 558 567 534 561 564
Rubber and plastics products, n.e.c...... 2,098 2,124 2,064 2,093 2,096 2,149 662 645 622 664 652 734
All other nondurable goods industries.... 24,947 24,918 24,489 24,885 24,817 24,029 9,786 9,737 9,516 9,816 9,687 9,308

Work in process Finished goods

All manufacturing industries, total.. 33,955 33,729 33,699 33,794 33,572 34,658 34,410 34,634 34,213 33,830 33,870 33,656
Durable goods industries, total............. 28,724 28,541 28,532 28,621 28,422 29,565 16,690 16,847 16,725 16,248 16,236 16,401
Stone, clay, and glass products.......... 293 290 304 270 267 291 1,234 1,262 1,234 1,158 1,163 1,173
Primary metals.......................... 3,082 3,123 3,112 3,076 3,083 3,202 2,672 2,689 2,599 2,606 2,595 2,610
Machinery (electrical and nonelectrical). 10,658 10,619 10,602 10,597 10,558 11,240 6,566 6,638 6,610 6,428 6,447 6,538
Transportation equipment................. 9,318 9,187 9,290 9,391 9,224 9,651 1,393 1,376 1,389 1,380 1,361 1,458
All other durable goods industries....... 5,373 5,322 5,224 5,287 5,290 5,181 4,825 4,882 4,893 4,676 4,670 4,622
Nondurable goods industries, total......... 5,231 5,188 5,167 5,173 5,150 5,093 '7,720 17,787 17,488 17,582 17,634 17,255
Chemicals and allied products............ 887 875 879 875 872 857 3,530 3,524 3,469 3,420 3,383 3,443
Petroleum and coal products............. 484 475 466 475 475 455 1,453 1,441 1,426 1,487 1,480 1,457
Rubber and plastics products, n.e.c...... 339 325 320 339 330 330 1,097 1,154 1,122 1,090 1,114 1,085
All other nondurable goods industries.... 3,521 3,513 3,502 3,484 3,473 3,451 11,640 11,668 11,471 11,585 11,657 11,270

Preliminary,
Revised,







Chart 5 Ratio of Manufacturers'


Inventories to Shipments


Industries


Ratio Scale


t3.60
-3.50
-3.40
-3.30
-3.20
-3.10
-3.00
-2.90
2.80
-- -2.70
V-2.60
-2.50
-2.40
-2.30

-2.20

-2.10
v- 2.00

-1.90


1967


1968 1969 1970


Table 5.--RATIO


OF MANUFACTURERS


INVENTORIES TO SHIPMENTS


AND UNFILLED


ORDERS


TO SHIPMENTS,


BY INDUSTRY


(Based


on seasonally


adjusted


Ine e st Unfilled orders shipments ratio1
Inventories shipments ratio monthst baiklog)
(months' backlog)
Industry group
Nov. Oct. Sept. Nov. Nov. Oct. Sept. Nov.
1971p 1971r 1971 1970 1971 1971r 1971 1970

All manufacturing industries, total.................. 1.70 1.75 1.73 1.92 2.20 2.24 2.24 2.46
Durable goods industries, total............................ 2.01 2.07 2.05 2.37 2.65 2.70 2.71 2.97
Stone, clay, and glass products.......................... 1.20 1.30 1.30 1.60 (NA) (NA) (NA) (NA)
Primary metals.............................. ...... 1.91 2.10 2.16 2.14 1.19 1.28 1.31 1.46
Fabricated metals........................................ 1.94 2.08 2.01 2.01 3.15 3.29 3.23 3.42
Machinery, except electrical............................ 2.80 2.70 2.64 3.18 3.00 2.86 2.75 3.28
Electrical machinery.......................................... 2.15 2.16 2.19 2.33 3.19 3.21 3.21 3.25
Transportation equipment................................. 1.80 1.85 1.77 2.55 5.65 5.74 5.97 6.08
Instruments and related products......................... 2.53 2.41 2.40 2.60 (NA) (NA) (NA) (NA)
Nondurable goods industries, total......................... 1.33 1.38 1.36 1.42 0.43 0.43 0.42 0.46
Food and kindred productso.............................. 0.99 1.06 1.03 1.06 (X) (x) (X) (X)
Tobacco products......................................... 4.52 4.35 4.34 4.85 (X) (X) (X) (X)
Textile mill products.................................... (2) (2) (2) (2) (NA) (NA) (NA) (NA)
Paper and allied products.............d.................. 1.27 1.28 1.24 1.33 (NA) (NA) (NA) (NA)
Chemicals and allied products............................ 1.54 1.58 1.50 1.69 (X) (X) (X) (x)
Petroleum and coal products.............................. 1.04 1.04 1.07 1.11 (X) (X) (X) (X)
Rubber and plastics products, n.e.c...................... 1.28 1.33 1.26 1.56 (X) (X) (x) (X)


(NA) Not available.


Preliminary.


'Excludes the following industries with no unfilled order:


Not applicable.
Wooden containers;


glass containers;


metal


vehicle assembly operations; foods and related products; tobacco; apparel and related products; chemicals;
rubber and plastics products, n.e.c.


cans,


barrels


and drums; motor


petroleum and coal products; and


2Beginning with July 1971, the shipments level for this series appears to be high compared with information shown in other textile


and Unfilled Orders to Shipments, Durable Goods
(Seasonally Adjusted)


GROUP











Appendix


The following is a description of the survey and


definitions us4
the meaning
represent anm


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


DESCRIPTION OF THE SURVEY


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-


in the


ASM


which


are received


receivable net selling values, f.o.b.


discounts
charges ar


plant, after


and allowances and excluding freight
id 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


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.


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 reportingpanel
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


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,


igories typically are groupings of
this duplication is significant for the


reporting


typically


comprises


the entire


operations of a company although many of the
larger diversified companies file separate divi-
sional type reports for their operations in different
industries;

Most of the reporting units include mixed
industry activity even within the broad industry
categories of the monthly survey. The survey
methodology assumes that the month-to-month
changes of the reporting units classified in each
industry category represent effectively the month-
to-month movements of the establishments in the
SIC industries which make up the category. Thus,
a--/ rn an t 1.. aw .v.. a-w i.A .a -^. ,-- .- .3 a. J -3 2 *- a. a1_ -. A flk Atf


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


-. ~ -. -, a -- a j- a A a nsa n 4. n a .-~ n C.., .. r. C... a a n a


te






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


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.


New Orders Received


and Unfilled Orders--


Orders as reported in the monthly survey are net


IO
*___
MW


of cancellations during the month. They include o
orders received during the period and also filled -i
during the period as well as those orders received m_
for future delivery. They also include the net b
sales value of contract change documents which -
increase or decrease the sales value of the un- *I
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 contractsthefullamountofthe sales
value is included if the parties are in substantial
agreement on the amount; otherwise, only the funds
specifically authorized to be expended are in-
cluded. The respondent is instructed to deduct
the sales value of partial or complete cancellation
of existing orders.

Unfilled orders include orders as defined above
that have not yet passed through the sales account.


Generally,


Inventories are reported by stage of fabri-
cation: (a) finished goods; (b) work in process;


inventories.


materials, s
In using


applies, fuel
inventories


and other
by stage of


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


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.


unfilled orders at the end of the re-


porting period are equal to unfilled orders at the


beginning


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


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 seasonallyadjusteddata
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.


V
mm


*** *--------I------I----L:-