Current industrial reports

MISSING IMAGE

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:
January 1972
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:
AA00008477:00052

Related Items

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

Full Text

C6RE INDUSTRIAL


A UNITED STATES
DEPARTMENT OF
COMMERCE
PUBLICATION


facturers'
ventories,


REPORTS


Shipments,


and


Orders


January


1972


COMMERCE Social and Economic Statistics Administration BUREAU OF THE CENSUS


FOR RELEASE:


March 2, 1972


SERIES:


M3-1 (72)-1


SUMMARY


UNFILLED ORDERS


for manufactured products in


January increased $3.7 billion or
$63:I billion from $59.4 billion
adjustment. This increase, the la
years, was primarily attributable
portation equipment group. Shipm
$2.4 billion or 4.0 percent to $61
$59,1 billion in December. U


6.2 percent to
after seasonal
rgest in recent
to the trans-
ents increased
.5 billion from
filled orders


Unfilled orders for durable goods increased
$1.5 billion or 2.0 percent to $76.6 billion at the


end of January as transportation e
creased $1.4 billion to $25.7 billion.


equipment in-


INVENTORIES


increased $1.6 billion or 2.1 percent to $79.9
billion at the end of January. Manufacturers'
inventories increased $200 million or 0.2 percent
to $100.8 billion at the end of January. The


Inventories of durable goods increased $300
million to $64.6 billion and inventories of non-
durable goods decreased $100 million to $36.2


inventories to shipments ratio decreased from 1.70
to 1.64.

For the months ending in January, the average
change in new orders represents a 3.2 percent
increase compared with a 0.4 percent decrease
for the 3 months ending in October and a 1.0
percent increase for the 3 months ending in July.


NEW ORDERS


billion at the end of January.


At the all manu-


factoring level, materials and supplies increased
$200 million, work-in-process increased $300
million and finished goods decreased $300 million.


SCHEDULED RELEASE DATES


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


New orders for' durable goods increased $3.1
billion or 9.7 percent to $35.3 billion in January.
New orders for transportation equipment in-


creased


the.. :shipbuildi
showed increa


billion as all components, led by
ng and railroad equipment group,
ses in January. The nonelectrical


machinery industries a
creased $600 million


nd primary metals in-
and $400 million res-


pectively. Among the supplementary series,
defense products increased $1.1 billion in January.

SHIPMENTS
Shipments of durable goods increased $1.9
billion or 5.9 percent to $33.7 billion in January.
Shipments of motor vehicles and parts increased
$700 million to $5.1 billion and shipments of non-
electrical machinery increased $500 million to
$5,6 billion. Shipments of nondurable goods in-
creased $500 million to $27.7 billion.


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. Final figures will


appear as historical da
published for next month.


a in the report to be
The advance report on


durable goods for February is scheduled for
release on March 21, 1972 and the full report
is scheduled for release on March 30, 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,
Social and Economic Statistics Administration,
Bureau of the Census, Industry Division, Wash-


ington D.C. 20233.


New


orders










OF MANUFACTURERS'


(Millions


of dollars)


Without seasonal Without seasonal
Seasonally adjusted adtm t1 Seasonally adjusted adjustment
-" "adjustment adjustment

Industry group
Jan. Dec. Nov. Jan. Dec. Jan. Jan. Dec. Nov. Jan. Dec. Jan.
1972P 1971r 1971 1972p 1971r 1971 1972p 1971r 1971 1972P 1971r 1971


All manufacturing


industries:


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


Total,


Durable g
Stone,
Primary


excluding


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


oods industries,


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


metals,


Blast furnaces


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


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


Fabricated
Metal ca:
Machinery,
Engines


metal
ns, bar


except


products,
rels, and


total..........
drums..........
al, total-.......


electric


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


Farm machinery
Construction,
handling equi]


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


mining,


and material


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


General


industrial


Electrical machinery,


Electrical
equipment
Household


transmnis
and indu
appliance


Communication
Transportation e


Motor


vehicles


Aircraft,
Instruments
All other d
Nondurable go


machinery............
total...............
sion and distribution
strial apparatus.....


s,


including


radio


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


equipment,


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


missiles,
and relate
durable good
ods industry


Food and kindred


Tobacco
Textile
Paper a
Pulp,


produ


and parts...........
d products..........
Is industries........
*ies, total..........
lets, total..........


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


ad allie
paper,


Chemicals anf
Industrial
Petroleum ant
Rubber and p


products,


d allied pr
chemicals,


lastics


All other nondurable



All manufacturing


Total,


Durable


excluding


oducts,
except


product
goods


total......
pigments...


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


industries:


transportation.....


goods industries,


Primary metals, total........ ...........
Blast furnaces, steel mills...........,.
Fabricated metal products.................


Machinery,
Engines


except


electrical,


total.......


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


Construction,


mining,


and material


handling equipment...................


D~talworking


General i

Electrical
Electric
equipmer
Household


machinery.,.. .............


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


machinery,


transmission a
and industrial


appliances,


Communication
Transportation


Aircraft,


All other

Nondurable g
Tani+w^ ac


mis


durable


nd distribution
apparatus.....


including


radio


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


equipment,
siles, and


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


goods industries........


oods industries
mAnr +iirflla A


,, rAt. ,c


Shipments


61,454
53,732
33,725

2,082
4,922
2,196
2,726

3,569
378
5,618
378
517

966
402
434
5,060

940

1,058
1,409
7,722
5,082
1,882
1,030
3,722
27,729
9,319
2,073


59,074
52,202
31,858
1,849
4,804
2,205
2,599
3,589
371
5,137
350
433

880
393
450
4,912

1,046

1,112
1,290
6,872
4,397
1,847
945
3,750
27,216
9,227
2,098
486
(2)
2,202
888
4,406
1,408
2,327
1,637
6,931


59,061
51,594
32,106
1,892
4,825
2,212
2,613
3,683
375
4,981
289
492

813
377
443
4,607

931

1,026
1,177
7,467
4,853
1,958
962
3,689
26,955
9,122
2,104
502
(2)
2,194
918
4,360
1,378
2,328
1,583
6,866


57,217
49,718
31,216
1,768
4,760
2,194
2,566

3,253
329
5,046
298
459

903
378
370
4,628

838

943
1,282
7,499
5,116
1,702
907
3,355

26,001
8,743
2,083
492
(2)
2,257
935
4,354
1,462
2,376
1,531
6,248


57,364
50,191
31,223
1,647
4,478
2,026
2,452
3,429
319
5,172
422
390

765
413
448
4,917

1,022

1,071
1,347
7,173
4,406
2,087
1,004
3,403

26,141
9,206
2,022
487
(2)


51,947
45,034
27,981
1,373
4,511
2,200
2,311
3,185
348
4,400
260
359

801
303
364
4,004

766

842
1,193
6,913
4,474
1,848
870
2,725
23,966

7,975
1,896
437
(2)
2,007
860
3,850
1,280


New orders


I OUf I


59,408
52,175
32,138
4,848
2,246
3,585
5,154
361

971
393
437

4,757

1,051

1,073
1,190
7,233
2,039
6,561

27,270
7-267


59,576
52,001
32,564
4,809
2,246
3,644
5,154
235

876
370
517

4,725

916

1,112
1,257
7,575
2,142
6,657

27,012
7 177


58,769
50,191
32,693
5,200
2,488
3,297
5,254
286

925
358
420

4,293

721

936
1,177
8,578
1,942
6,071

26,076
7.058


57,739
50,335
31,586
4,755
2,246
3,424
5,194
441

838
403
471

4,824

1,030

1,042
1,293
7,404
2,261
5,985

26,153
7_101


53,516
46,174

29,551
5,632
3,225
3,201
4,392
270

774
293
322

3,850

733

822
1,081
7,342
1,932
5,134

23,965
6.335


Total inventories


00,752
87,025
64,591
2,230
9,456
5,056
4,400

7,166
783
13,432
1,003
1,115

2,657
1,174
1,117
9,754

2,175

1,891
3,021
13,727
3,853
7,541
2,485
6,341


3


6,161
9,094
773
2,332
(2)


100,549
86,910
64,242
2,263
9,195
4,800
4,395
7,084
740
13,539
1,018
1,083

2,673
1,190
1,103
9,861

2,176

1,883
3,036
13,639
3,845
7,456

2,417
6,244
36,307
9,192
832
2,321
(2)

2,780
1,025
6,758
1,913
2,433
2,170
10,653


100,793 LOO,862
87,278 87,080
64,399 64,411
2,272 2,247
9,201 9,544
4,784 5,142
4,417 4,402
7,191 7,035
735 726
13,698 13,433
1,005 999
1,075 1,140

2,736 2,665
1,184 1,173
1,145 1,114
9,870 9,614

2,190 2,169


1,927
2,941
13,515
3,861
7,425
2,426
6,226

36,394
9,169
808
2,262
(2)

2,817
1,046
6,697
1,912
2,484
2,129
10,836


1,848
2,976
13,782
3,969
7,482
2,436
6,320
36,451
9,285


797
2,469
(2)

2,720
1,011
6,757
1,913
2,417
2,207
L0,596


100,214
86,635
63,878
2,213
9,400
5,016
4,384
6,940
666
13,483
1,017
1,091

2,695
1,173
1,098
9,687

2,165

1,816
2,997
13,579
3,864
7,416
2,360
6,216
36,336
9,496
841
2,411
2)

2,757
1,020
6,763
1,928
2,459
2,160
10,290


100,977
86,886
65,133
2,299
9,530
5,189
4,341
6,933
737
13,968
951
1,171

2,615
1,184
1,151
9,882

2,170

1,862
3,015
14,091
4,114
7,997
2,373
6,057
35,844
9,115
832
2,337
(2)

2,722
1,010
6,796
1,970
2,408
2,138
10,328


Unfilled orders


79,864
54,132
76,584
6,028
3,173
10,456
14,865
5,021

2,511
1,008
1,454

14,327

3,882

699
6,019
25,732
17,967
5,176

3,280
3.280


78,222
53,917
75,057

5,708
3,011


10,461
14,696
5,043

2,655
1,067
1,314

14,629

4,070

716
5,993
24,305
17,613
5,258

3,165
3.165


77,888
53,943
74,776
5,664
2,970
10,465
14,676
5,030

2,564
1,067
1,326

14,784

4,065

755
6,092
23,945
17,422
5,242

3,112
3.112


79,579
53,996

76,376
6,151
3,293
10,425
14,849
5,064

2,526
1,015
1,413

14,260

3,824

647
6,091
25,583
17,829
5,108

3,203
3,203


78,027
53,523
74,900
5,709
2,999
10,383
14,639
5,077

2,504
1,035
1,362

14,596

3,941

654
6,196
24,504
17,588
5,069

3,127

3.127


-,


I


ed


p


.


I


.











OF MANUFACTURERS '


(Millions of


dollars)


Ssa addWithout seasonal Without seasonal
Seasonally adjusted adjustment Seasonally adjusted adjustment
*-adjustment adjustment
Industry group
Jan. Dec. Nov. Jan. Dec. Jan. Jan. Dec. Nov. Jan. Dec. Jan.
1972 1971r 1971 1972' 1971r 1971 1972 1971r 1971 1972 1971r 1971

Shipments Total inventories


All manufacturing industries, total.. 61,454 59,074 59,061 57,217 57,364 51,947 00,752 100,549 00,793 00,862 100,214 L00,977

Durable goods industries, total............ 33,725 31,858 32,106 31,216 31,223 27,981 64,591 64,242 64,399 64,411 63,878 65,133
Nondurable goods industries, total......... 27,729 27,216 26,955 26,001 26,141 23,966 36,161 36,307 36,394 36,451 36,336 35,844

Industry groups arranged by market
categories:
Home goods and apparel................... 5,572 5,779 5,692 5,013 5,087 4,789 10,915 10,892 11,028 10,792 10,517 10,394
Consumer staples...................-.... 11,996 11,926 11,787 11,336 11,794 10,259 14,042 14,094 13,932 14,318 14,400 13,926
Equipment and defense products, except
automotive............................. 9,164 8,555 8,422 8,218 8,847 7,491 25,454 25,434 25,372 25,324 25,297 25,950
Automotive equipment..................... 5,656 4,985 5,438 5,653 4,918 5,036 5,064 5,059 5,044 5,207 5,061 5,296
Construction materials, supplies, and
intermediate products.................. 5,678 5,298 5,355 4,754 4,901 4,008 8,065 8,013 8,098 8,037 7,911 7,857
Other materials and supplies and
intermediate products................... 23,388 22,531 22,367 22,243 21,817 20,364 37,212 37,057 37,319 37,184 37,028 37,554

Supplementary series:2
Household durable goods industries....... 2,610 2,689 2,562 2,347 2,520 2,018 4,933 4,914 4,958 4,873 4,788 4,763
Producers' capital goods industries...... 7,171 6,741 6,477 6,466 6,867 5 509 17,216 17,336 17,450 17,140 17,198 17,370
Defense products industries (old series). 3,679 3,585 3,587 3,362 3,828 3,427 11,506 11,430 11,302 11,398 11,375 12,009
Defense products (new series)*........... 1,794 1,712 1,839 1,620 1,882 1,785 5,822 5,743 5,565 5,764 5,703 6,126

New orders Unfilled orders

All manufacturing industries, total.. 63,099 59,408 59,576 58,769 57,739 53,516 79,864 78,222 77,888 79,579 78,027 81,837

Durable goods industries, total............ 35,256 32,138 32,564 32,693 31,586 29,551 76,584 75,057 74,776 76,376 74,900 78,833
Nondurable goods industries, total......... 27,843 27,270 27,012 26,076 26,153 23,965 3,280 3,165 3,112 3,203 3,127 3,044

Industry groups arranged by market
categories:
Home goods and apparel................... 5,573 5,689 5,817 5,018 4,971 4,799
Consumer staples....................... 12,008 11,937 11,797 11,339 11,801 10,266 2,250 2,236 2,318 2,165 2,159 1,936
Equipment and defense products, except
automotive.............................. 10,237 8,685 8,689 9,014 8,880 7,869
Automotive equipment..................... 5,723 5,104 5,488 5,747 5,080 5,082 84338 43201 42,947 44,273 43,383 43,961
Construction materials, supplies, and
intermediate products................... 5,673 5,283 5,337 4,811 4,820 4,057 10,093 10,098 10,114 9,961 9,905 10,589
Other materials and supplies and
intermediate products................... 23,885 22,710 22,448 22,840 22,187 21,443 23,183 22,687 22,509 23,180 22,580 25,351

Supplementary series:2
Household durable goods industries....... 2,629 2,589 2,672 2,372 2,408 2,039 1,825 1,806 1,907 1,751 1,728 1,584
Producers' capital goods industries...... 8,055 6,835 6,565 7,256 6,803 5,771 24,036 23,156 23,058 23,837 23,046 22,718
Defense products industries (old series). 3,931 3,687 3,947 3,476 3,939 3,397 24,576 24,325 24,223 24,554 24,439 26,139
Defense products (new series)w........... 3,132 2,010 2,110 2,651 2,066 1,962 20,972 19,634 19,336 20,808 19,777 19,686


*During
aggregate
reports ar
for these
1Shipments


1968 manufacturers


figures
e include
reporter


on shipments
ed in these


in ordnance
j orders,
new defense


e, communications, ai
and total inventories


e


series.


the data have been seasonally


new orders


supplementary


series


adjusted


for trading-day


are regroupings


rcraft a
of work


nd aircra
perfonnrme


Since there are no historic
adjusted using the factors


and calendar-mon


of the separate


industry


th variations;
categories as


ft


parts, and shipbuilding


d for the Depart
data available
of these industry


unfilled
follows:


ord


ment


industries


of Defense.


to develop separate
ies. Preliminar
ers and inventories


began


The result


seasonal
r


to provide
s of these
factors
Revised.


as of end of month.


Household


durable


hold appliances;


goods


industries


ophthalmic


goods


- Household
, watches,


furniture;
and clocks;


kitchen


articles


and miscellaneous


and pottery;


personal


cutlery,


handtools,


and hardware;


house-


goods.


Producers'


capital


and equipment
components),


goods (formerly


and machine
shipbuilding


shops),


machine
electric


and repairing,


y and equipment)
cal machinery (e
and railroad and


industries
excluding ho
street car


- Machinery,


usehold


except


appliances,


electrical (excluding


communication


equipment


farm machinery
and electronic


equipment.


Defense


products


aircraft,


industries


aircraft


these industries


parts,


(old series)
and ordnance


and omits defense


- Based


on reports


industries.


work performed


for companies
this series


in the shipbuilding


s classifi
includes
industry.)


in the communication


significant


amounts


equipment,


of nondefense


complete
work in


Defense


products


industries:


(new series)


ordnance,


- Based


communication


on separate
s, complete


reports o
aircraft,


n defense
aircraft


work filed by large defense


parts,


and shipbuilding.


contractors


Thus,


it diffe


in the following
rs from the old


series in
aircraft,


That it includes


and aircraft


defense


parts.


activity


The data


in shipbuilding


are comparable


and excludes


to those published


nondefense


work in ordnance,


annually in the


MA-175,


communications,


Shipments


complete


of Defense-


Oriented Industries,










Table 3.--MANUFACTURERS'


(Based


on seasonally


adjusted


Month-to-month Average monthly rates of change Average, 1966-1971

Dec. 3 months 12 months
Item and industry group 1971- Nov.- Oct.- Aea
1- fec. Nov. Average Average
Jan.1971 1971 Oct. 1971- July 1971- Apr. 1971- Jan. 1971 rise decline
1972 Jan. 1972 Oct. 1971 July 1971 Jan. 1972


Shipments:
All manufacturing industries.......... +4.0 0.0 +2.8 +2.3 -0.6 +0.4 +0.8 +1.3 -1.1
Durable goods industries, total.......... +5.9 -0.8 +3.0 +2.7 -1.0 +0.9 4+1.0 +2.1 -1.7
Nondurable goods industries, total....... -+1.9 +1.0 +2.6 +1.8 0.0 -0.1 +0.7 +1.0 -0.6
Total inventories:
All manufacturing industries.......... +0.2 -0.2 +0.1 0.0 +0.2 -0.I 0.0 +0.5 -0.2

New orders:
All manufacturing industries........... -6.2 -0.3 +3.6 +3.2 -0.4 +1.0 +0.8 +1.9 -1.3
Durable goods industries, total.......... +9.7 -1.3 +4.6 +4.3 -0.9 +1.9 +1.0 +3.0 -2.3
Nondurable goods industries, total...... +2.1 +1.0 +2.5 +1.9 +0.1 -0.1 40.7 +0.9 -0.5

Unfilled orders:
Durable goods industries, total.......... +2.0 +0.4 +0.6 +1.0 -0.1 -1.5 -0.3 +0.8 -0.8









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

(Millions of dollars)

Without seasonal Without seasonal
Seasonally adjusted dus t Seasonally adjusted adjustment
adjustment "adjustment
Industry group
Jan. Dec. Nov. Jan. Dec. Jan. Jan; Dec. Nov. Jan. Dec. Jan.
1972 1971r 1971 1972p 1971r 1971 1972 1971r 1971 1971p 1971r 1971

Total Materials and supplies


All manufacturing industries, total.. 100,752 100,549 00,793 100,862 100,214 LOO,977 32,787 32,591 32,452 32,912 33,004 32,252
Durable goods industries, total............ 64,591 64,242 64,399 64,411 63,878 65,133 19,237 19,133 19,070 19,159 19,287 19,035
Stone, clay, and glass products.......... 2,230 2,263 2,272 2,247 2,213 2,299 755 735 748 755 744 740
Primary metals........................... 9,456 9,195 9,201 9,544 9,400 9,530 3,659 3,575 3,453 3,679 3,741 3,407
Machinery (electrical and nonelectrical). 23,186 23,400 23,568 23,047 23,170 23,850 6,522 6,330 6,344 6,452 6,366 6,352
Transportation equipment................. 13,727 13,639 13,515 13,782 13,579 14,091 2,608 2,858 2,864 2,639 2,846 3,181
All other durable goods industries....... 15,992 15,745 15,843 15,791 15,516 15,363 5,693 5,635 5,661 5,634 5,590 5,355
Nondurable goods industries, total......... 36,161 36,307 36,394 36,451 36,336 35,844 13,550 13,458 13,382 13,753 13,717 13,217
Chemicals and allied products............ 6,688 6,758 6,697 6,757 6,763 6,796 2,321 2,309 2,286 2,336 2,333 2,355
Petroleum and coal products............. 2,416 2,433 2,484 2,417 2,459 2,408 595 587 567 582 576 585
Rubber and plastics products, n.e.c...... 2,200 2,170 2,129 2,207 2,160 2,138 660 659 666 653 654 713
All other nondurable goods industries.... 24,857 24,946 25,084 25,070 24,954 24,502 9,974 9,903 9,863 10,182 10,154 9,564

Work in process Finished goods

All manufacturing industries, total.. 33,947 33,658 33,841 33,805 33,299 34,231 34,018 34,300 34,500 34,145 33,911 34,494
Durable goods industries, total........... 28,827 28,484 28,626 28,700 28,205 29,131 16,527 16,625 16,703 16,552 16,386 16,967
Stone, clay, and glass products.......... 277 287 289 274 272 315 1,198 1,241 1,235 1,218 1,197 1,244
Primary metals.......................... 3,090 2,986 3,084 3,113 3,021 3,339 2,707 2,634 2,664 2,752 2,638 2,784
Machinery (electrical and nonelectrical). 10,324 10,503 10,631 10,321 10,345 10,903 6,340 6,567 6,593 6,274 6,459 6,595
Transportation equipment................. 9,768 9,435 9,260 9,747 9,405 9,406 1,351 1,346 1,391 1,396 1,328 1,504
All other durable goods industries....... 5,368 5,273 5,362 5,245 5,162 5,168 4,931 4,837 4,820 4,912 4,764 4,840
Nondurable goods industries, total.......... 5,120 5,174 5,215 5,105 5,094 5,100 17,491 17,675 17,797 17,593 17,525 17,527
Chemicals and allied products............ 894 887 888 900 904 863 3,473 3,562 3,523 3,521 3,526 3,578
Petroleum and coal products.............. 451 456 477 443 451 437 1,370 1,390 1,440 1,392 1,432 1,386
Rubber and plastics products, n.e.c...... 349 341 342 349 344 324 1,191 1,170 1,121 1,205 1,162 1,101
All other nondurable goods industries.... 3,426 3,490 3,508 3,413 3,395 3,476 11,457 11,553 11,713 11,475 11,405 11,462

Preliminary.
Revised.


data)












Table 5.--RATIO


(Based


on seasonally


adjusted


Ine st Unfilled orders shipments ratiot
Inventories shipments ratio m ba-klog
(months' backlog)
Industry group
Jan. Dec. Nov. Jan. Jan. Dec. Nov. Jan.
1972p 1971r 1971 1971 1972p 1971r 1971 1971


All manufacturing industries, total.................. 1.64 1.70 1.71 1.81 2.14 2.26 2.20 2.46
Durable goods industries, total............................. 1.92 2.02 2.01 2.16 2.57 2.73 2.64 2.98
Stone, clay, and glass products.......................... 1.07 1.22 1.20 1.41 (NA) (NA) (NA) (NA)
Primary metals........................................... 1.92 1.91 1.91 2.04 1.22 1.19 1.17 1.65
Fabricated metals............................ .............. 2.01 1.97 1.95 2.01 3.28 3.25 3.16 3.60
Machinery, except electrical............................. 2.39 2.64 2.75 2.85 2.65 2.86 2.95 2.94
Electrical machinery..................................... 1.93 2.01 2.14 2.29 2.83 2.98 3.21 3.27
Transportation equipment........... ....................... 1.78 1.98 1.81 1.96 5.95 6.22 5.70 6.39
Instruments and related products......................... 2.41 2,56 2.52 2.46 (NA) (NA) (NA) (NA)
Nondurable goods industries, total...........,............. 1.30 1.33 1.35 1.39 0.44 0.44 0.44 0,45
Food and kindred products................................ 0.98 1.00 1.01 1.05 (X) (X) (X) (x)
Tobacco products......................................... 4.24 4.78 4.51 4.51 (X) ) () (X) (X)
Textile mill products.................................... (2) () (2) (2) (NA) (NA) (NA) (NA)
Paper and allied products................................ 1.14 1.26 1.28 1.28 (NA) (NA) (NA) (NA)
Chemicals and allied products............................ 1.46 1.53 1.54 1.65 (X) (x) (x) (x)
Petroleum and coal products.............................. 1.00 1.05 1.07 1.04 (X) (X) (x) (X)
Rubber and plastics products, n.e.c...................... 1.33 1.33 1.34 1.47 (x) (X) (X) (X)


(NA) Not available.
Excludes the following


liminary.


industries


with


Revised.
no unfilled


()order
order:


Not applicable.


Wooden


containers;


glass containers;


metal cans


barrels


and drums;


motor


vehicle
rubber


assembly
and plastic


tfleginning


operations;
cs products,


with July 1971,


foods and related


n.e.e.
the shipments


products;


tobacco;


level for this series


apparel

appears


and related


products;


to be high compared


chemicals;


petroleum


with information


and coal products;


shown in other textile


group are, therefore, withheld pending investigation and revision.


ORDERS


GROUP












Appendix


The following is a description of the survey and


definitions used.


These are provided to clarify


EXPLANATION OF TERMS


mtne meaning
represent al


of the items


involved and do not


revisions from those definitions


previously employed.


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


reported


ASM


which


are received


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 universeofabout310,000estab-


lishments.


the ASM,


each


manufacturing


establishment provides data on employment, pay-


rolls, shipments,
penditures, and


selected items.
information on


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.


receivable net selling values, f.o.b.


discounts
charges an


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


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 leadtime 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


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,


the monthly reports are used to update the ASM


~. -


during the year is requested rather thanthe 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-


dusty cal
industries,


all manufac


'gories 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
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, "at book values." Since
different methods of inventory valuation are used
(LIFO, FIFO, etc.), the definition of the aggregate
inventories for establishments in an industry is


not precise.


ventories


The figures on the change in in-


from


one period


to the next are of


.
greater significance than theactualaggregates,

Inventories are reported by sta
ge of fab


cation:
and (c)
inventor


( finishd g-od; bwor pro
(a) finished goods; (b) work in process;


me
ies.


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,


it should be noted that a


New Orders Received


and Unfilled Orders--


Orders as reported in the monthly survey are net
of cancellations during the month. They include
orders received during the period and also filled
during the period as well as those orders received


for future delivery.


They also include the net


sales value of contract change documents which
increase or decrease the sales value of the un-
filled orders to which they relate. Orders include
only those supported by binding legal documents
such as signed contracts, or letter contracts. In
case of letter contracts the full amount of the sales
value is included if the parties are in substantial
agreement on the amount; otherwise, only the funds
specifically authorized to be expended are in-
cluded. The respondent is instructed to deduct
the sales value ofparitial or complete cancellation
of existing orders.

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


beginning of the period
received less net sales.


new orders


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


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


successive


stages


processing, the same type of commodity may be
included under different inventory categories in
the aggregate statistics.


derived


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
sonally adjusted unfilled orders.


sea-


ri-





U.S.


DEPARTMENT OF COMMERCE


Bureau of the Census


Washington, D.C.


20233


UNIVERSITY OF FLORIDA

i IIIIl1 111 11162 1 011111 Ill011 1111 1
3 1262 08589 4540


U.S. DEPARTMENT


AND FEES


OF COMMERCE


OFFICIAL BUSINESS


U.S.MAIL


PAID