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:
February 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:
AA00008477:00053

Related Items

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

Full Text

oki 10


A UNITED STATES
DEPARTMENT OF
COMMERCE
PUBLICATION


--


facturers'
yentories,


CURRENT INDUSTRIAL


Shipments,


and


Orders


February


Ii Si!


1972


ICE Social and Economic Statistics Administration BUREAU OF THE CENSUS


FOR RELEASE:


March 3


SERIES:


M3-1 (72)-2


SUMMARY


UNFILLED ORDERS


orders


manufactured


products


amounted to $62.33 billion in February, compared
to $63.00 billion in January and $59.41 billion in
December 1971. The February figure was down
1.1 percent from January but up 4.9 percent


compared
$350 mill


to December.


ion


or 0.6


Shipments increased


percent


to $61.69


billion


from $61.35 billion in January. Unfilled orders
increased $650 million or 0.8 percent to $80.51
billion at the end of February. Manufacturers'


inventories


decreased


billion. The inventories
decreased from 1.64 to 1.63.


million


to $100.80


to shipments


ratio


the end of February.


Unfilled orders for trans-


Unfilled orders for durable goods increased
$450 million or 0.6 percent to $77.05 billion at


portation equipment and nonelectrical machinery
increased $200 million each.

INVENTORIES

Inventories of durable goods decreased $100
million while nondurable goods showed no change
in February. At the all manufacturing level,
materials and supplies decreased $100 million,


goods


process


decreased


$150 million, and


For the


months


ending


in February, the


average change in new orders represents a 1.5
percent increase compared with a 0.9 percent
jucrease for the 3 months ending in November
ida 0.6 percent increase for the 3 months ending
B iAgust.
I W ORDERS
New orders for durable goods decreased $650
million or 1.9 percent in February to $34.43
jifion. Transportation equipment decreased
$650 million as decreases in shipbuilding and
railroad equipment and aircraft and parts were
partially offset by an increase in motor vehicles
and parts.


SHIPMENTS


Shipments


of durable


goods


increased $400


million or 1.2 percent to $33.97 billion in February.
Increases in shipments of motor vehicles and parts
($550 million) and primary metals ($200 million)
were partially offsetby decreasesin nonelectrical
machinery ($250 million) and electrical machinery
($100 million). Shipments of nondurable goods de-
creased$50million to $27.73 billion.


finished goods increased $200 million.

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.


Final figures will


appear as historical data in the report to be
published for next month. The advance report on
durable goods for March is scheduled for release
on April 21, 1972 and the full report is scheduled
for release on May 2, 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


ington D.C.


, Industry Division, Wash-


20233.


REPORTS









OF MANUFACTURERS' SHIPMENTS,


(Millions


of dollars)


Without seasonal Without seasonal
Seasonally adjusted a ment1 Seasonally adjusted adjustment
adjustment1 adjustment

Industry group j ^ ^ ^ ^ ^ ^ ^ ^ ^
Industry group Feb. Jan. Dec. Feb. Jan. Feb. Feb. Jan. ec. Feb. Jan. Feb.
1972' 1972r 1971 1972p 1972r 1971 1972p 19727 1971 1972P 1972r 1971


All manufacturing


Total,


Durable g
Stone,
Primary


excluding


industries:


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


oods industries,


metals,


Blast furnaces
All other prim
Fabricated metal


Metal ca
Machinery,
Engines


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


total .......... ....... ....
, steel mills.............
ary metals. ................


nus, bar


except


products,
rels, and


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


electric


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


Farm machinery


Construction, mining,


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


and material


handling equipment ..................
Metalworking machinery..................


General


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


Electrical machinery,


Electrical
equipment


transmiss


total...............
;ion and distribution


and industrial


apparatus.....


Household appliances, including


Communication
Transportation e
Motor vehicles


Aircraft,
Instruments


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


equipment,


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


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


All other durable


Nondurable


goods industries........


goods industries,


Food and kindred


products,


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


Meat products.................... --.. ....


Tobacco
Textile
Paper a


products ....... ..,.... ............
mill products..... ............


nd allied


Pulp, paper,


Chemicals an'
Industrial
Petroleum an
Rubber and p
All other no


products,


etc.........................


d allied pr
chemicals,


oducts,
except


total......
pigments...


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


lastics
ndurable


All manufacturing


Total,


Durable g
Primary


excluding


products,


n.e.c......


goods industries.....



industries:


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


oods industries,


metals,


Blast furnaces
Fabricated metal


Machinery,


Engines


except


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


electrical,


total.......


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


Construction,


mining,


and material


handling


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


General

Electrical
Electric
equipme
Househol


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

machinery, total...............


transmission a
and industrial


appliances,


nd distribution
apparatus.....


including


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


Transportation
Aircraft, mi


All other

Nondurable g
Industries


durable


equipment,
siles, and


oods industries,
with unfilled o


total...........
parts...........
dustries........

total..........
rders...........


61,694
53,469
33,966
2,003
5,207
2,363
2,844
3,567
389
5,317
374
498

909
406
447
4,924

1,016

1,053
1,218
8,225
5,597
1,970
1,014
3,709
27,728
9,385
2,009
525
( 2)
2,418
950
4,623
1,475
2,452
1,672
6,653


61,350
53,775
33,573
2,040
5,003
2,233
2,770
3,587
381
5,573
377
531

937
404
463
5,044

966

1,039
1,364
7,595
5,052
1,815
1,032
3,699
27,777

9,339
2,079
553
(2)
2,451
1,007
4,572
1,588
2,405
1,700
6,757


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


57,129
49,750
31,079
1,732
4,837
2,231
2,606
3,269
331
5,001
297
472

876
380
394
4,615

862

926
1,241
7,379
5,086
1,639
910
3,336
26,050
8,767
2,089
494
(2)
2,287
940
4,330
1,464
2,367
1,571
6,234


57,410
49,383
31,280
1,464
4,918
2,385
2,533
3,492
356
4,944
278
452

890
339
412
4,416

909

933
1,247
8,027
5,186
2,154
957
3,062
26,130
8,497
1,875
450
(2)
2,141
907
4,305
1,404
2,373
1,501
6,863


Total inventories


100,796
86,922
64,625
2,221
9,374
5,071
4,303
7,117
715
13,409
1,000
1,125

2,586
1,160
1,132
9,869

2,341

1,816
2,997
13,874
3,953
7,567
2-,494
6,267
36,171
9,225
788
2,319
(2)
2,689
976
6,678
1,876
2,366
2,177
10,717


100,876
87,089
64,722
2,234
9,407
5,026
4,381

7,194
796
13,474
1,002
1,125

2,662
1,178
1,125
9,799

2,170

1,895
3,030
13,787
3,872
7,581
2,482
6,345
36,154
9,124
776
2,334
(2)
2,752
1,017
6,690
1,879
2,406
2,186
10,662


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


101,304
87,325
64,892
2,286
9,416
5,106
4,310
7,061
698
13,534
1,016
1,178

2,628
1,168
1,139
9,821

2,345

1,804
2,985
13,979
4,052
7,538


2,485
6,310
36,412
9,230
814
2,437
(2)
2,682
981
6,811
1,921
2,330
2,216
10,706


100,980
87,138

64,537
2,250
9,493
5,111
4,382
7,064
739
13,472
998
1,149

2,670
1,176
1,121
9,660

2,164

1,852
2,985
13,842
3,988
7,521
2,432
6,324

36,443


9,314
800

2,472
(2)
2,718
1,001
6,760
1,911
2,407
2,193
10,579


101,112
87,136
65,352
2,331
9,530
5,153
4,377
7,015
716
14,101
974
1,190

2,649
1,179
1.171
9,915

2181

1,865
3,021
13,976
4,081
7,951
2,378
6,106
35,760
8,889
831
2,381
(2)
2,729
1,024
6,885
1,968
2,345
2,161
10,370


New orders Unfilled orders


62,328
53,928

34,425
5,280
2,465
3,593

5,498
429

836
415
482

4,892

968

1,043
1,265
8,400
1,707
6,762

27,903
7,646


62,996
53,964
35,099
5,221
2,370
3,613
5,732
357

781
345
597

4,743

798

1,023
1,384
9,032
2,146
6,758

27,897
7,630


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


I-


58,681
50,213
32,553
5,177
2,499

3,344
5,200
285

886
360
439

4,281

764

922
1,129
8,468
1,857
6,083

26,128
7,078


I


58,318
50,103
32,167

5,758
3,069

3,377
4,935
280


902

957
1,225
8,215
1,715
5,503

26,151
6,891


I.-


80,508
54,590

77,047
5,999
3,250
10,515
15,037
5,078

2,427
1,017
1,483

14,299

3,855

691
6,060

25,918
17,681
5,279

3,461
3,461


79,868
54,126
76,583
5,927
3,148
10,488
14,853
5,021

2,499
1,008
1,448

14,329

3,902

701
6,013
25,742
17,944
5,244

3,285
3,285


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


1~


80,809
54,985
77,365

6,465
3,601
10,495
14,998
5,112

2,490
1,018
1,438

14,280

3,931

671
5,988

25,824
17,691
5,303

3,444
3,444


79,586
53,992
76,379
6,050
3,268

10,458


82,745
56s470
79,720
8,639
5,414
11,030
14,427
4,659

2,367
1,132
1,195

14,236

3,833

655
5,836
26,275
19,120
5,113

3,025
3,025


clay,


Shipments


radio


radio


S


goods


8,443
5,796
1,984
961
3,689
27,668
9,196
2,001
494
(2)
2,409
948
4,617
1,474
2,431
1,692
6,829


*'









Table 2.-VALUE


OF MANUFACTURERS'


SHIPMENTS,


INVENTORIES
(Millions


, AND ORDERS,
of dollars)


AND SUPPLEMENTARY


Without seasonal Seasonally adjusted Without seasonal
Seasonally adjusted Hxnu- ea Seasonally adjusted .,.,t^i
S s adjustment adjustment
Industry group
Feb. Jan. Dec. Feb. Jan. Feb. Feb. Jan. Dec. Feb. Jan. Feb.
1972 1972r 1971 1972p 1972r 1971 1972p 1972r 1971 1972p 1972r 1971

Shipments Total inventories


All manufacturing industries, total.. 61,694 61,350 59,074 61,998 57,129 57,410 100,796 100,876 L00,549 t01,304 100,980 101,112

Durable goods industries, total............ 33,966 33,573 31,858 34,330 31,079 31,280 64,625 64,722 64,242 64,892 64,537 65,352
Nondurable goods industries, total......... 27,728 27,777 27,216 27,668 26,050 26,130 36,171 36,154 36,307 36,412 36,443 35,760

Industry groups arranged by market
categories:
Home goods and apparel................... 5,418 5,540 5,779 5,610 4,983 5,567 10,903 10,870 10,892 10,868 10,749 10,439
Consumer staples......................... 12,103 11,975 11,926 11,880 11,318 10,982 14,169 14,082 14,094 14,274 14,358 13,779
Equipment and defense products, except
automotive.............................. 8,802 9,121 8,555 8,988 8,177 8,453 25,569 25,525 25,434 25,633 25,390 26,026
Automotive equipment..................... 6,213 5,614 4,985 6,390 5,612 5,777 5,155 5,089 5,059 5,318 5,233 5,286
Construction materials, supplies, and
intermediate products................... 5,547 5,624 5,298 5,184 4,710 4,463 8,009 8,069 8,013 8,108 8,040 7,988
Other materials and supplies and
intermediate products................... 23,611 23,476 22,531 23,936 22,329 22,168 36,991 37,241 37,057 37,103 37,210 37,594

Supplementary series:2
Household durable goods industries....... 2,590 2,581 2,689 2,600 2,322 2,245 4,898 4,950 4,914 4,908 4,892 4,795
Producers' capital goods industries...... 6,958 7,189 6,741 7,188 6,480 6,261 17,393 17,245 17,336 17,444 17,167 17,465
Defense products industries (old series). 3,594 3,567 3,585 3,651 3,258 3,796 11,475 11,555 11,430 11,435 11,446 11,980
Defense products (new series)*........... 1,802 1,785 1,712 1,824 1,612 1,942 5,897 5,816 5,743 5,876 5,759 6,009

New orders Unfilled orders

All manufacturing industries, total.. 62,328 62,996 59,408 63,227 58,681 58,318 80,508 79,868 78,222 80,809 79,586 82,745

Durable goods industries, total............ 34,425 35,099 32,138 35,321 32,553 32,167 77,047 76,583 75,057 77,365 76,379 79,720
Nondurable goods industries, total......... 27,903 27,897 27,270 27,906 26,128 26,151 3,461 3,285 3,165 3,444 3,207 3,025

Industry groups arranged by market
categories:
Home goods and apparel................... 5,394 5,571 5,689 5,639 5,017 5,589 2,258 2,282 2236 2234 2,199 1,959
Consumer staples......................... 12,100 11,989 11,937 11,888 11,322 10,983 2258 2282 236 2234 2199 95
Equipment and defense products, except
automotive............................. 9,017 10,223 8,685 9,244 9 001 8,762 4
Automotive equipment..................... 6,449 5,689 5,104 6,584 5,714 5,769 4,829 44,375 43,201 44,753 44,312 44,262
Construction materials, supplies, and
intermediate products................. 5,517 5,669 5,283 5,239 4,816 4,383 10,114 10,144 10,098 10,067 10,012 10,509
Other materials and supplies and
intermediate products................... 23,851 23,855 22,710 24,633 22,811 22,832 23,307 23,067 22,687 23,755 23,063 26,015

Supplementary series:2
Household durable goods industries....... 2,552 2,615 2,589 2,622 2,362 2,263 1,806 1,842 1,806 1,789 1,769 1,602
Producers' capital goods industries...... 7,262 8,110 6,835 7,560 7,310 6,871 24,384 24,075 23,156 24,245 23,876 23,328
Defense products industries (old series). 3,392 3,790 3,687 3,453 3,343 3,324 24,345 24,547 24,325 24,327 24,525 25,667
Defense products (new series)*........... 1,741 3,124 2,010 1,771 2,643 2,281 20,911 20,972 19,634 20,755 20,808 20,025


*During


1968 manufacturers in ordnance,


communications, aircraft and


aircraft parts, and


shipbuilding industries


began to provide


aggregate


figures on shipments, orders, and total inventories of work


performed for


the Department of


Defense.


The results


of these


reports are included in these new defense series.
for these reporters, the data have been seasonally


Since there are no historic data available to develop separate seasonal factors


adjusted using the factors of these industries.


'Shipments and new orders adjusted for trading-day and calendar-month variations; unfilled


orders and


PPreliminary.
inventories as


rRevised.
of end of month.


supplementary


series are regroupings


of the separate industry


categories as follows:


Hoi.~eho1d


durable goods industries Household


furniture; kitchen articles and pottery;


cutlery,


handtools, and


hardware;


house-


hold appliance; ophthalmic goods,


watches, and clocks; and miscellaneous personal goods.


Producers' capital


goods


(formerly


and equipment and machine shops),


machinery and equipment) industries Machinery,


electrical


machinery


except electrical (excluding


(excluding household appliances, communication equipment


farm machinery
and electronic


components),


shipbuilding


and repairing, and railroad and street car equipment.


Defense products industries (old series)


aircraft, aircraft parts, and ordnance industries.


- Based on reports for companies classified in the communication equipment,


(Thus,


this series includes significant amounts of


nondefense


w


complete
,ork in


these industries and omits defense work performed in the shipbuilding industry.)


Defense products


(new series)


- Based on separate reports on defense work filed by


large defense contractors in the following


industries:


ordnance, communications, complete aircraft, aircraft parts, and shipbuilding.


Thus, it differs


from the old


series in that it includes defense activity in shipbuilding and


aircraft, and aircraft parts.


excludes nondefense work in ordnance, communications,


The data are comparable to those published annually in the MA-175,


Shipments of


complete


Defense-


Oriented Industries, for the specified industries.


2The


SERIES








AND ORDERS MONTH-TO-MONTH


AND LONG TERN PERCENT


(Based


on seasonally


adjusted


Item and industry


Shipments:
All manufacturing


Durable


group


industries...


goods industries,


Nondurable goods


Total inventories:
All manufacturing

New orders:
All manufacturing


Durable goods


Nondurable


total..


industries


industries.....


industries.


industries,


goods


industries


total ....
s, total.


Unfilled orders:


Durable


goods industries,


total


Month-to-month


+0.6


-0.1


+0.6


+3.9


0.3


-0.2


Average


monthly


rates of change


3 months


12 months


I ~ ~J. AU'-


+1.5


+0.7


40.3


-0.1


-0.3


-0.2


-0.8


-0.2


I


Average,


Average
rise


0.5


1966-1971


Average
decline


-1.1


Table 4.-VALUE


OF MANUFACTURERS'


INVENTORIES


, BY STAGE OF FABRICATION,


BY INDUSTRY


(Millions


of dollars)


Without seasonal Without seasonal
Seasonally adjusted Wihu senSeasonally adjusted adjustment
adjustment adjustment
Industry group
Feb. Jan. Dec. Feb. Jan. Feb. Feb. Jan. Dec. Feb. Jan. Feb.
1972 1972 1971 197 2p 1972r 1971 1972k 1972r 1971 1972p 1972rj 1971

Total Materials and supplies


All manufacturing industries, total., 100,796 100,876 100,549 101,304 100,980 101,112 32,503 32,619 32,591 32,437 32,744 32,004

Durable goods industries, total............ 64,625 64,722 64,242 64,892 64,537 65,352 19,094 19,149 19,133 18,900 19,071 18,866
Stone, clay, and glass products.......... 2,221 2,234 2,263 2,286 2,250 2,331 731 756 735 733 756 729
Primary metals........................... 9,374 9,407 9,195 9,416 9,493 9,530 3,663 3,660 3,575 3,559 3,680 3,294
Machinery (electrical and nonelectrical). 23,278 23,273 23,400 23,355 23,132 24,016 6,380 6,388 6,330 6,322 6,317 6,386
Transportation equipment................. 13,874 13,787 13,639 13,979 13,842 13,976 2,701 2,651 2,858 2,741 2,682 3,129
All other durable goods industries....... 15,878 16,021 15,745 15,856 15,820 15,499 5,619 5,694 5,635 5,545 5,636 5,328
Nondurable goods industries, total......... 36,171 36,154 36,307 36,412 36,443 35,760 13,409 13,470 13,458 13,537 13,673 13,138
Chemicals and allied products............ 6,678 6,690 6,758 6,811 6,760 6,885 2,288 2,310 2,309 2,294 2,326 2,351
Petroleum and coal products.............. 2,366 2,406 2,433 2,330 2,407 2,345 567 580 587 556 568 569
Rubber and plastics products, n.e.c...... 2,177 2,186 2,170 2,216 2,193 2,161 651 648 659 637 641 707
All other nondurable goods industries.... 24,950 24,872 24,946 25,055 25,083 24,369 9,903 9,932 9,903 10,050 10,138 9,511

Work in process Finished goods

All manufacturing industries, total.. 33,943 34,097 33,658 34,113 33,952 34,203 34,350 34,160 34,300 34,754 34,284 34,905
Durable goods industries, total............ 28,713 28,831 28,484 28,876 28,704 29,103 16,818 16,742 16,625 17,116 16,762 17,383
Stone, clay, and glass products.......... 269 272 287 290 269 321 1,221 1,206 1,241 1,263 1,225 1,281
Primary metals................................... 3,058 3,087 2,986 3,112 3,110 3,329 2,653 2,660 2,634 2,745 2,703 2,907
Machinery (electrical and nonelectrical), 10,324 10,322 10,503 10,418 10,319 10,932 6,574 6,563 6,567 6,615 6,496 6,698
Transportation equipment................. 9,795 9,776 9,435 9,801 9,755 9,327 1,378 1,360 1,346 1,437 1,405 1,520
All other durable goods industries....... 5,267 5,374 5,273 5,255 5,251 5,194 4,992 4,953 4,837 5,056 4,933 4,977
Nondurable goods industries, total.......... 5,230 5,266 5,174 5,237 5,248 5,100 17,532 17,418 17,675 17,638 17,522 17,522
Chemicals and allied products............ 898 891 887 906 898 927 3,492 3,489 3,562 3,611 3,536 3,607
Petroleum and coal products............. 454 460 456 452 452 431 1,345 1,366 1,390 1,322 1,387 1,345
Rubber and plastics products, n.e.c...... 346 346 341 343 346 327 1,180 1,192 1,170 1,236 1,206 1,127
All other nondurable goods industries.... 3,532 3,569 3,490 3,536 3,552 3,415 11,515 11,371 11,553 11,469 11,393 11,443

Preliminary.
Revised.


GROUP


,1.3









Table 5.--RATIO


(Based


on seasonally


adjusted


n or shp t Unfilled orders shipments ratio'
Inventories shipments ratio o backlog)
(months' backlog)
Industry group
Feb. Jan. Dec. Feb. Feb. Jan. Dec. Feb.
1972p 1972r 1971 1971 1972' 1972r 1971 1971


All manufacturing industries, total.................. 1.63 1.64 1.70 1.77 2.18 2.15 2.20 2.45
Durable goods industries, total............................ 1.90 1.93 2.02 2.11 2.62 2.59 2.65 2.97
Stone, clay, and glass products.......................... 1.11 1.10 1.22 1.43 (NA) (NA) (NA) (NA)
Primary metals........................................... 1.80 1.88 1.91 1.98 1.15 1.18 1.19 1.67
Fabricated metals........................................ 2.00 2.01 1.97 2.05 3.31 3.27 3.25 3.60
Machinery, except electrical............................. 2.52 2.42 2.64 2.94 2.83 2.67 2.86 3.05
Electrical machinery..................................... 2.00 1.94 2.01 2.28 2.90 2.84 2.98 3.26
Transportation equipment................................. 1.69 1.82 1.98 1.77 6.06 6.10 6.22 6.18
Instruments and related products......................... 2.46 2.41 2.56 2.36 (NA) (RA) (NA) (NA)
Nondurable goods industries, total......................... 1.30 1.30 1.33 1.36 0.46 0.44 0.44 0.44
Food and kindred products................................ 0.98 0.98 1.00 1.02 (X) (X) (X) (X)
Tobacco products......................................... 4.42 4.22 4.78 4.74 (X) (X) (X) (X)
Textile mill products...................................... (2) (2) (2) (2) (NA) (NA) (NA) (NA)
Paper and allied products................................ 1.11 1.12 1.26 1.28 (NA) (NA) (NA) (NA)
Chemicals and allied products............................ 1.44 1.46 1.53 1.57 (X) ) ( (X) (X)
Petroleum and coal products.............................. 0.96 1.00 1.05 0.99 (X) (X) (X) (X)
Rubber and plastics products, n.e.c...................... 1.30 1.29 1.33 1.43 (X) (X) (X) (X)


(NA) Not avai
tExcludes the


able.


Preliminary.


Revised.


following industries with no unfilled order:


Not applicable,
Wooden containers;


glass containers;


metal


cans. barrels


and drums;


motor


vehicle assembly


operations;


foods and related products;


rubber and plastics products, n.e.c.
'Beginning with July 1971, the shipments level
All data for this industry group are, therefore, w


tobacco;


apparel and


related


products;


chemicals;


petroleum


and coal products;


for this series appears to be high compared with information shown in other textile series
withheld pending investigation and revision.


GROUP










Appendix


The following is a description of the surveyand


definitions used.


the meaning
represent ax


These are provided to clarify


of the


items


involved and do not


revisions from those definitions


previously employed.


EXPLANATION OF TERMS

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


reported


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 on


cost of materials,


inventories


as wel


capital ex-
1 as other


The establishments do not provide


Unfilled


orders or new orders.


Since the ASM is establishment based, it provides
data for each of the 425 manufacturing industries
in the Standard Industrial Classification System
(SIC) and area data for industry groups.


charges and excise taxes.


Included in shipments


are the value of all products sold, transferred to
other plants of the same company, or shipped on
consignment.

Shipments also include receipts of establish-
ments in the industry for contract work performed


for others, resales,


receipts for miscellaneous


activities such as the sale of scrap and refuse;
value of installation and repair workperformedby
employees of the plant; and value of research and
development performed at the plant. In the aircraft
industry and shipbuilding, the value of work done
in a given year varies considerably from the value
of shipments because of the long lead time between
the input of the materials and labor and the ship-
ments of the completed aircraft or ship. In the


annual survey.


therefore, the value of work done


The monthly


survey


M3-1


does not provide


information at the complete SIC industry detail
because of the smaller size of the 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 thevalue
of shipments.

The value of shipments figures developed from
the ASM contain duplication at the all manufac-
turing and industry group levels since the products
of some industries are used as materials bother


industries within the industry group.


With the ex-


ception of motor vehicles, it is not significant at


the 4-digit SIC group


dustry ca
industries.


level.


Since the M3-1 in-


gories typically are groupings of
this duplication is significant for the


reporting
operations


typically


comprises


entire


a company although many of the


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


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


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


SIC industries which make up the category.


Thus,


and allowances.


Companies which file divisional


the monthly reports are used to update the ASM


estimates


using


a link relative of matched


reports are requested to treat transfers from one
division of the company to another as if they were


companies in each industry.


net sales


to outside customers.


Although this


te







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


reports,


it is assumed that the month-to-month


changes in company sales in the industry are
representative of the month-to-month shipments
of the establishments in the industry.


Inventories--End-of-month inventories in the
monthly survey are identical in definition to the


end-of-year inventories in the ASM.


In the ASM,


respondents are asked to report inventories of
individual establishments at approximate current
cost if feasible; otherwise, "atbookvalues. Since
different methods of inventory valuation are used
(LIFO, FIFO, etc.), the definition of the aggregate
inventories for establishments in an industry is
not precise. The figures on the change in in-


ventories


from


one period


to the next are of


greater significance than the actual aggregates.


Inventories


cation:
and (c)
inventor


are reported


by stage of fabri-


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


m
ies.


materials, St
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-


New Orders Received


and Unfilled Orders--


Orders as reported in the monthly survey are net


of cancellations during the month.


They include


orders received during the period and also filled
during the period as well as those orders received


for future delivery.


They also include the net


sales value of contract change documents which
increase or decrease the sales value of the un-
filled orders to which they relate. Orders include
only those supported by binding legal documents
such as signed contracts, or letter contracts. In
case of letter contracts the full amount of the sales
value is included if the parties are in substantial
agreement on the amount; otherwise, only the funds


specific.
cluded.


lly


authorized


to be expended are in-


The respondent is instructed to deduct


the sales 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


new orders


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


consistency,


only unfilled orders are estimated


durable goods sectors,


finished


it should be noted that a


product of one industry may be a raw


material for another industry at the next stage of


fabrication.


Insofar as the durable and nondurable


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


directly in the tabulated totals.


derived
unfilled 4


New orders are


from the shipments plus net change in
rders for each industry category. This


oS
procedure is followed for seasonally adjusted data
as well as for the unadjusted data. Shipments and
unfilled orders are seasonally adjusted independ-
ently. Seasonally adjusted new orders are derived
from seasonally adjusted shipments and sea-
sonally adjusted unfilled orders.






U.S. DEPARTMENT OF COMMERCE
Bureau of the Census
Washington. D.C. 20233


UNIVERSITY OF FLORIDA

1131 1 262 0858I III9 4( 01111111161U
3 1262 08589 4086


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