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:
March 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:
AA00008477:00054

Related Items

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

Full Text
e5'~


~2I~: /143


A UNITED STATES
DEPARTMENT OF
COMMERCE
PUBUCATION


U.S.'


C RRENT INDUSTRIAL


facturers'
ventories,


REPORTS


Shipments,


and


Orders


March 1972


SMMERCE Social and Economic Statistics Administration BUREAU OF THE CENSUS


FOR RELEASE:


May 2, 1972


SERIES:


M3-1(72)-3


SUMMARY


UNFILLED ORDERS


New


orders


for manufactured


March increased $710 million or
$63.23 billion from $62.51 billion
after seasonal adjustment. Shipm


products


1.1 percent to
>n in February
tents increased


$670 million or 1.1 percent to $62.54 billion
from $61.87 billion in February. Unfilled orders
increased $690 million or 0.9 percent to $81.21
billion at the end of March. Manufacturers'


inventories


increased


$90 n


nill


ion to $101.12


billion at the end of March. The inventories to
shipments ratio decreased from 1.63 to 1.62.

For. the 3 months ending in March, the average
change in new orders represents a 2.1 percent
increase compared with a 1.2 percent increase
for the 3 months ending in December and a 0.2
percent increase for the 3 months ending in


September.


1-,


Unfilled


orders for durabel goods increased


$600 million or 0.8 percent to $77.68 billion at


the end of March.


($260
million
million


Increases in primary metals


million), fabricated metal products ($260
1) and nonelectrical machinery ($140


1)


more than offset a decrease in trans-


portation equipment ($230 million).
INVENTORIES


Inventories of durable goods increased $90
million while nondurable goods showed no change
in March. At the all manufacturing level, materials


supplies


decreased


million,


work


process increased $280 millionandfinishedgoods
decreased $110 million.


SCHEDULED RELEASE DATES


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


NEW ORDERS


advance report on durable goods.


New orders for durable goods increased $560


million or 1.6 percent in March to $35.06 billion.
Increases min new orders for primary metals
($300 million), fabricated metal products ($290
million), electrical machinery ($160 million)


were partially offset by decreases
station equipment ($510 million).


in transpor-


SHIPMENTS


Shipments of durable goods increased $450
million or 1.3 percent to $34.46 billion in March.
Shipments of primary metals and nonelectrical
machinery each increased $140 and $130 million
respectively. Shipments of nondurable goods
increased $220 million or 0.8 percent to $28,08
billion,


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


in the report to be


published for next month. The advance report on
durable goods for April is scheduled for release
on May 19, 1972 and the full report is scheduled
for release on May 31, 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
Bureau


and Economic Statistics Administration,


Washington D.C.


Census,
20233.


Industry


Division,


l









Table


Industry


All manufacturing


Total,


Durable g
Stone,
Primary


1.--VALUE


group


i


excluding


oods industries,


clay,


metals,


and glass


total..


Blast furnaces, steel
All other primary met


Fabricated metal


Metal ca
Machinery,
Engines


Farm machi
Construct
handling


produce


ns, barrels,


industries:
........... ....... 62,535
transportation..... 54,415
total............. 34,460
products........... 2,059
................... 5,290
mills.............. 2,449
als.... ............ 2,841
ts, total.......... 3,642
and drums.......... 390


except electrical, total.......
and turbines....................


nery and equijpment............
on, mining, and material
equipment.....................


Metalworking machine


General


industrial


Electrical machinery,


Electrical
equipment
Household


transmis
and indu


appliance


,ery.....,,,...,,.....
machinery............
total...............
sion and distribution
strial apparatus.....
s, including radio


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


Aircraft, miss:
Instruments and
All other durabl
Nondurable goods i
Food and kindred


lies,
relate


e


nd


p


and parts...........
d products..........


goods industries.......
ustries, total.........
products, total..........


Meat products...........................
Tobacco products..........................
Textile mill products.....................
Paper and allied products, total..........


Pulp, pa


Chemicals
Industry
Petroleum
Rubber and


,per, etc .......................
and allied products, total..,...
al chemicals, except pigments...
and coal products..............


plastics


All other nondurable



All manufacturing


Total,


Durable


excluding


products, n.e.co......
goods industries.....



industries:


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


goods industries,


Primary metals,
Blast furnaces


Fabricated
Machinery,
Engines


metal


except electrical, total.......
and turbines....................


Construction,


mining,


and material


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


General

Electrical
Electric
equipme


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

Machinery, total...............


tl transmission a
it and industrial


appliances,


nd distribution
apparatus.....


including


radio


'a
n


Household


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


Transportation


Aircraft,


All other

Nondurable g
Industries


mis


equipment,
smiles, and


durable


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


goods industries........


goods industries,
with unfilled o


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


5,446
348
534

894
445
469
5,000

1,011

1,125
1,283
8,120
5,522
1,900
1,014
3,889
28,075
9,458
2,031


63,228
55,337
35,061
5,545
2,541


3,901

5,583
429

950
460
420

5,060

1,023

1,187
1,284
7,891
1,806
7,081

28,167
7,725


OF MANUFACTURERS' SHIPMENTS, INVENTORIES, AND OR P

(Millions of dollars) /


Seasonally


adjusted


Without seasonal,
adjustment'


Shipments


61,865
53,647
34,013
2,048
5,154
2,344
2,810
3,566
391
5,314
370
494

911
408
455
4,937

996

1,069
1,232
8,218
5,559
1,972
1,009
3,767
27, 852
9,421
2,011
532
(2)
2,431
964
4,582
1,474
2,470
1,666
6,750


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


64,234
55,653
35,864
2,006
5,573
2,627
2,946
3,707
383
5,783
380
617

941
489
481
5,171

1,075

1,116
1,338
8,581
5,869
2,005
1,004
4,039
28,370
9,374
2,039
510
(2)
2,481
993
4,756
1,493
2,443
1,750
7,056


62, 174
53,740
34,374
1,890
5,223
2,403
2,820
3,606
357
5,529
360
521

954
439
453
4,990

1,021

1,052
1,248
8,434
5,756
1,986
955
3,747
27,800
9,231
2,003
500
(2)
2,426
967
4,580
1,473
2,445
1,687
6,931


____________________ _____________________ I-
New orders


62,514
54,110
34,505


5,248
2,454
3,611
5,512
423

855
419
496

4,898

945

1,062
1,305
8,404
1,744
6,691

28,009
7,702


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


64,888
56,587
36,427
5,877
2,797
3,981

5,946
428

1,017
489
453

5,180

1,093

1,152
1,302
8,301
1,951
7,142

28,461
7,824


63,414
54,738
35,398
5,661
2,745
3,662
5,706
405

946
444
490

5,002

1,107

1,078
1,175
8,676
1,907
7,134

28,016
7,766


59,297
51,247
32,761
5,483
2,778
3,653
5,300
649

882
329
445

4,388

954

1,013
1,115


8,050
1,997
5,887

26,536
7,138


59,383 1
50,908
32,898
1,616
5,270
2,576
2,694

3,596
279
5,230
407
513

878
368
413
4,479

918

1,004
1,226
8,475
5,455
2,355
959
3,273
26,485
8,672
1,853
465
(2)
2,211
935
4,291
1,415
2,275
1,563
7,008


e s5>8 p
2,220
9,554
5,153
4,401
7,123
741
13,343
1,022
1,133

2,571
1,166
1,107
9,882

2,304

1,822
3,036
13,947
3,984
7,554
2,477
6,312
36,261
9,268
797
2,323
(2)
2,740
1,000
6,698
1,865
2,331
2,193
10,708


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


Wf but seasonal
Sd3ustment

^ I1eb. Mar.
-r

2 1972 1971
^ ^ _e______


7,123
732
13,477
1,020
1,180

2,615
1,165
1,122
9,880

2,314

1,806
3,042
14,031
4,012
7,568
2,488
6,350
36,377

9,107
821
2,430
(2)
2,746
1,006
6,817
1,913
2,319
2,222
10,736


101,530
87,575
65,024
2,303
9,502
5,106
4,396
7,123
743
13,550
1,014
1,171

2,652
1,175
1,145
9,766

2,296

1,791
3,000
13,955
4,036
7,521
2,484
6,341
36,506
9,232
812
2,430
(2)

2,734
1,000
6,818
1,913
2,342
2,211
10,739


100,956
87,061
65,412
2,354
9,472
5,071
4,401
7,124
713
14,070
932
1,188

2,668
1,204
1,194
10,020

2,196

1,906
3,069
13,895
4,024
7,913
2,385
6,092
35,544
8,709
836
2,317
(2)

2,724
1,018
6,868
1,927
2,335
2,174
10,417


Unfilled orders


81,213
55,514
77,678
6,279
3,351
10,793

15,190
5,156

2,498
1,034
1,440

14,349

3,863

758
6,085
25,699
17,622
5,368

3,535
3,535


80,519
54,591
77,078
6,022
3,258
10,534
15,052
5,075

2,442
1,019
1,489

14,291

3,852

695
6,085
25,928
17,717
5,251

3,441
3,441


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


81,479
55,924
77,965
6,792
3,780
10,789

15,178
5,157

2,583
1,020
1,417

14,284

3,947

712
5,976
25,555
17,673

5,367

3,514
3,514


80,825
54,990

77,399
6,488
3,610
10,513
15,016
5,110

2,506
1,020
1,444

14,275

3,929

676
6,012
25,835
17,727
5,265

3,426
3,426


82,659
56,809

79,583
8,852
5,616
11,087
14,497
4,901

2,371
1,093
1,227

14,145

3,869

664
5,725
25,850
18,762
5,152

3,076
3,076


7,183
762
13,425
997
1,119

2,610
1,167
1,138
9,823

2,292

1,811
3,012
13,850
3,938
7,550
2,494
6,300
36,264
9,227
786
2,312
(a)

2,739
994
6,684
1,868
2,378
2,171
10,753


Umii lled orders


I


9


L


dr


I










Table 2.--VALUE


OF MANUFACTURERS


SHIPMENTS


INVENTORIES
(Millions


, AND ORDERS,
od dollars)


FOR MARKET


CATEGORIES


AND SUPPLEMENTARY


Without seasonal Without seasonal
Seasonally adjusted adjust1 Seasonally adjusted adjustment
adjustment- adjustment
Industry group
Mar. Feb. Jan. Mar. Feb. Mar. Mar. Feb. Jan. Mar. Feb. Mar.
1972P 1972r 1972 1972P 1972r 1971 1972P 1972r 1972 1972P 1972r 1971

Shipments Total inventories

All manufacturing industries, total.. 62,535 61,865 61,350 64,234 62,174 59,383 101,119 101,033 100,876 101,559 101,530 100,956

Durable goods industries, total............ 34,460 34,013 33,573 35,864 34,374 32,898 64,858 64,769 64,722 65,182 65,024 65,412
Nondurable goods industries, total......... 28,075 27,852 27,777 28,370 27,800 26,485 36,261 36,264 36,154 36,377 36,506 35,544

Industry groups arranged by market
categories:
Home goods and apparel.................. 5,648 5,500 5,540 5,905 5,694 5,763 10,927 10,939 10,870 10,929 10,893 10,502
Consumer staples..................---.***. 12,189 12,148 11,975 12,079 11,924 11,189 14,146 14,158 14,082 14,084 14,263 13,580
Equipment and defense products, except
automotive.............................. 8,982 8,804 9,121 9,480 8,999 8,945 25,554 25,576 25,525 25,718 25,641 26,036
Automotive equipment.................... 6,169 6,186 5,614 6,525 6,361 6,031 5,183 5,147 5,089 5,289 5,310 5,229
Construction materials, supplies, and
intermediate products................... 5,681 5,610 5,624 5,598 5,242 4,864 8,005 8,036 8,069 8,159 8,135 8,090
Other materials and supplies and
intermediate products........--..........--- 23,866 23,617 23,476 24,647 23,954 22,591 37,304 37,177 37,241 37,380 37,288 37,519

Supplementary series:2
Household durable goods industries....... 2,743 2,625 2,581 2,797 2,634 2,415 4,904 4,888 4,950 4,911 4,888 4,832
Producers' capital goods industries...... 7,027 6,940 7,189 7,368 7,171 6,476 17,343 17,370 17,245 17,437 17,421 17,477
Defense products industries (old series). 3,590 3,601 3,567 3,811 3,658 4,002 11,503 11,473 11,555 11,523 11,433 11,958
Defense products (new series)*........... 1,768 1,815 1,785 1,861 1,837 1,970 6,039 5,896 5,816 6,049 5,876 6,041

New orders Unfilled orders

All manufacturing industries, total.. 63,228 62,514 62,996 64,888 63,414 59,297 81,213 80,519 79,868 81,479 80,825 82,659

Durable goods industries, total............ 35,061 34,505 35,099 36,427 35,398 32,761 77,678 77,078 76,583 77,965 77,399 79,583
Nondurable goods industries, total......... 28,167 28,009 27,897 28,461 28,016 26,536 3,535 3,441 3,285 3,514 3,426 3,076

Industry groups arranged by market
categories:
Home goods and apparel................... 5,802 5,489 5,571 6,017 5,736 5,768 2246 1967
Consumer staples......................... 12,195 12,146 11,989 12,073 11,932 11,192 2,429 2,269 2,282 2352 2246 1,967
Equipment and defense products, except
automotive.............................. 8,761 9,019 10,223 9,239 9,244 8,609
Automotive equipment..................... 6,158 6,415 5,689 6,438 6,549 6,032 44,584 44817 44,375 44,416 44,743 43,927
Construction materials, supplies, and
intermediate products................... 6,005 5,596 5,669 5,941 5,313 4,964 10,454 10,130 10,144 10,426 10,082 10,609
Other materials and supplies and
intermediate products................... 24,307 23,849 23,855 25,180 24,640 22,732 23,746 23,303 23,067 24,285 23,754 26,156

Supplementary series:2
Household durable goods industries....... 2,883 2,601 2,615 2,892 2,671 2,417 1,960 1,819 1,842 1,899 1,802 1,604
Producers' capital goods industries...... 7,039 7,242 8,110 7,389 7,540 6,516 24,390 24,378 24,075 24,265 24,244 23,368
Defense products industries (old series). 3,486 3,452 3,790 3,701 3,511 3,508 24,291 24,397 24,547 24,269 24,378 25,173
Defense products (new series)*........... 1,768 1,780 3,124 1,847 1,810 1,682 20,937 20,937 20,972 20,767 20,780 19,738


Thuring


1968 manufacturers in ordnance, communications,


aircraft and aircraft


parts,


and ship building 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


included in these


reporters,
new orders


new defense


series.


Since there are no historical


the data have been seasonally adjusted


adjusted


for trading-day


and calendar-month


Sthe factors
variations;


data available
of these indust


unfilled


orders


to develop separate sea
ries. PPreliminary.


and inventories


sonal


factors
Revised.


as of end of month.


for these
'Shipments
The supple-


mentary


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;


ophthalmic


goods,


watches,


and clocks;


and miscellaneous


personal


goods.


Producers' c
equipment
components


capital


goods


and machine


(formerly machinery


shops),


shipbuilding


electrical


and repairing,


and equipment)


machinery (e
and railroad


industries


excluding ho
and street


useho


- Machinery,
Id appliances,


~xcept


electrical excludei


communication


equipment


ng farm machinery
and electronic


car equipment.


Defense


products


aircraft,
industries


industries


aircraft


parts,


and omits defense


(old series)
and ordnance


- Based


industries.


work performed


on reports


(Thus,


for co
this


in the shipbuilding


mpanies classified
series includes si
industry.)


in the communication


gnificant


amounts


equipment,


of nondefense


complete
work in these


Defense


products


industries:


(new series)


ordnance,


in that it includes


and aircraft


parts.


- Based on separate


communications,


defense
The dat


activity


report


complete airce
in shipbuilding


are comparable


r


ts on defen
aft, aircra
and exclude


to those published


se


work filed by large


ft parts, and s
s nondefense wo
annually in the


defense


hipbuilding.
rk in ordnance


MA-175,


e contractors in
Thus, it differs
. communications


Shipments


the following
from the old series


complete


of Defense-Oriented


aircraft,
industries,


for the specified industries.









Table 3. -MANUFACTURERS'


CHANGES


(Based


on seasonally


adjusted


Item and industry


Shipments:
All manufacturing


Durable go
Nondurable


group


industries.


ods industries,


total


goods industries,


Total inventories:
All manufacturing
New orders:
All manufacturing


Durable go
Nondurable


Unfilled
Durable


total.


industries


industries


ods industries,


goods industries


orders:
goods industries


total.


total...


total.


Month-to-month


+1.1


+0.1


+0.8


+0.8


+0.2


+3.9


+0.3


+2.0


Average


monthly


3 months


+1.9


+0.2


+1.1


+0.7


+0.1


+0.3


rates of change


12 months


-0.2


-0.6


-0.1


I t


Average,


Average
rise


+1.3


+0.5


+0.8


1966-1967


Average
decline


-0.8


Table 4.--VALUE


OF MANUFACTURERS'


INVENTORIES,


BY STAGE OF FABRICATION,


BY INDUSTRY


(Millions


of dollars)


Without seasonal Without seasonal
Seasonally adjusted Wt ut en Seasonally adjusted Wt ut ean
adjustment adjustment
Industry group
Mar. Feb. Jan. Mar. Feb. Mar. Mar. Feb. Jan. Mar. Feb. Mar.
1972 1972r 1972 1972 1972r 1971 1972 1972r 1972 1972p 1972r 1971

Total Materials and supplies

All manufacturing industries, total.. 101,119 101,033 100,876 101,559 101,530 100,956 32,482 32,569 32,619 32,410 32,537 31,822
Durable goods industries, total............ 64,858 64,769 64,722 65,182 65,024 65,412 18,978 19,037 19,149 18,757 18,877 18,786
Stone, clay, and glass products.......... 2,220 2,235 2,234 2,304 2,303 2,354 736 711 756 741 752 733
Primary metals........................... 9,544 9,459 9,407 9,529 9,502 9,472 3,690 3,682 3,660 3,519 3,577 3,209
Machinery (electrical and nonelectrical). 23,225 23,248 23,273 23,357 23,316 24,090 6,316 6,357 6,388 6,281 6,296 6,396
Transportation equipment................. 13,947 13,850 13,787 14,031 13,955 13,895 2,694 2,678 2,651 2,723 2,718 3,068
All other durable goods industries....... 15,912 15,977 16,021 15,961 15,948 15,601 5,542 5,609 5,694 5,493 5,534 5,380
Nondurable goods industries, total........ 36,261 36,264 36,154 36,377 36,506 35,544 13,504 13,532 13,470 13,653 13,660 13,036
Chemicals and allied products............ 6,698 6,684 6,690 6,817 6,818 6,868 2,320 2,299 2,310 2,323 2,305 2,388
Petroleum and coal products.............. 2,331 2,378 2,406 2,319 2,342 2,335 559 566 580 569 555 550
Rubber and plastics products, n.e.c...... 2,193 2,171 2,186 2,222 2,211 2,174 661 648 648 636 635 692
All other nondurable goods industries.... 25,039 25,031 24,872 25,019 25,135 24,167 9,964 10,019 9,932 10,125 10,165 9,406

Work in process Finished goods

All manufacturing industries, total.. 34,426 34,140 34,097 34,578 34,280 34,059 34,211 34,324 34,160 34,571 34,713 35,075
Durable goods industries, total............ 29,019 28,878 28,831 29,227 29,011 29,018 16,861 16,854 16,742 17,198 17,136 17,608
Stone, clay, and glass products.......... 267 290 272 291 285 335 1,217 1,234 1,206 1,272 1,266 1,286
Primary metals.................. ......... 3,165 3,092 3,087 3,222 3,147 3,263 2,699 2,685 2,660 2,788 2,778 3,000
Machinery (electrical and nonelectrical). 10,338 10,335 10,322 10,426 10,426 10,846 6,571 6,556 6,563 6,650 6,594 6,848
Transportation equipment................. 9,898 9,810 9,776 9,926 9,817 9,361 1,355 1,362 1,360 1,382 1,420 1,466
All other durable goods industries....... 5,351 5,351 5,374 5,362 5,336 5,213 5,019 5,017 4,953 5,106 5,078 5,008
Nondurable goods industries, total......... 5,407 5,262 5,266 5,351 5,269 5,041 17,350 17,470 17,418 17,373 17,577 17,467
Chemicals and allied products............ 928 899 891 935 907 887 3,450 3,486 3,489 3,559 3,606 3,593
1Petroleum and coal products.............. 451 452 460 453 450 417 1,321 1,360 1,366 1,297 1,337 1,368
Rubber and plastics products, n.e.c...... 355 348 346 346 345 329 1,177 1,175 1,192 1,240 1,231 1,153
All other nondurable goods industries.... 3,673 3,563 3,569 3,617 3,567 3,408 11,402 11,449 11,371 11,277 11,403 11,353

Preliminary.
Revised.
Revised.


data)


GROUP









OF MANUFACTURERS'


(Based


on seasonally


adjusted


Unfilled orders shipments ratio1
Inventories shipments ratio o .onh- bako
(months' backlog)
Industry group
Mar. Feb. Jan. Mar. Mar. Feb. Jan. Mar.
1972w 1972r 1972 1971 1972p 1972r 1972 1971


All manufacturing industries, total.................. 1.62 1.63 1.64 1.74 2.16 2.17 2.15 2.38
Durable goods industries, total............................ 1.88 1.90 1.93 2.06 2.59 2.61 2.59 2.87
Stone, clay, and glass products.......................... 1.08 1.09 1.10 1.37 (NA) (NA) (NA) (NA)
Primary metals........................................... 1.81 1.84 1.88 1.89 1.19 1.17 1.18 1.62
Fabricated metals........................................ 1.96 2.01 2.01 2.02 3.32 3.32 3.27 3.41
Machinery, except electrical............................. 2.45 2.53 2.42 2.82 2.79 2.83 2.67 2.94
Electrical machinery..................................... 1.98 1.99 1.94 2.31 2.87 2.89 2.84 3.27
Transportation equipment................................. 1.72 1.69 1.82 1.72 6.00 6.03 6.10 5.83
Instruments and related products......................... 2.44 2.47 2.41 2.46 (NA) (NA) (NA) (NA)
Nondurable goods industries, total......................... 1.29 1.30 1.30 1.35 0.46 0.46 0.44 0.44
Food and kindred products................................ 0.98 0.98 0.98 1.01 (X) (X) (x) (x)
Tobacco products......................................... 4.42 4.35 4.22 4.62 (x) (X) (X) (X)
Textile mill products................................... (2) (2) (2) (2) (NA) (NA) (NA) (NA)
Paper and allied products................................ 1.12 1,13 1.12 1.25 (NA) (NA) (NA) (NA)
OChemicals and allied products............................ 1.45 1.46 1.46 1.61 (X) (X) (X) (x)
Petroleum and coal products.............................. 0.93 0.96 1.00 1.00 (X) (X) (X) (X)
Rubber and plastics products, n.e.c...................... 1.31 1.30 1.29 1.43 (X) (X) (X) (X)


Not available.


1Excludes
vehicle assem


~Preliminar3'.


the following industries with no unfilled


bly


operations;


rubber and plastics products,
2Beginning with July 1971,
series. All data for this in


foods and related


the shipments level


products;


Not applicable.


irder: Wo
tobacco;


hoden containers;


apparel


and related


for this series appears to be high


glass containers;


products;


compared


metal


chemicals;


barrels


petroleum


and drums;


motor


and coal products;


with information 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


the meaning
represent ai


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


receivable net selling values,


discounts


f.o.b.


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.


cost of materials,


inventories


as well


capital ex-
l as other


The establishments do not provide


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


charges and excise taxes.


Included in shipments


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

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


annual survey.


therefore, the value of work done


The monthly


survey


M3-1 does not provide


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


shipments, inventories,
for individual establish


and orders data monthly


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


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 bother


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 cai
industries,


.gories typically are groupings of
this duplication is significant for the


reporting
operations


typically


comprises


the entire


a company although many of the


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


industries.

Most of the reporting


units


include


mixed


industry activity even within the broad industry


categories


of the monthly survey.


The survey


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


estimates


using


a link relative of matched


companies in each industry.


all manufacturing, durable goods and nondurable
goods categories and the various market groups.
The significance of the duplication within the
specific M3-1 industry groups varies depending on
the 4-digit industry composition of these groups.
It is most pronounced in a few highly integrated
industry areas such as primary metals and motor
vehicles and parts.

Since most monthly reports are for the entire
company or major divisions rather than establish-
ments, the companies are requested to report net
sales, i.e., total company billings after discounts


and allowances.


Companies which file divisional


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


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, 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. The figures on the change in in-
ventories from one period to the next are of
greater significance than the actual aggregates.

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


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 plus net new orders
received less net sales.
While both new orders and unfilled orders are
used in reviewing individual company reports for
consistency, only unfilled orders are estimated
directly in the tabulated totals. New orders are
derived from the shipments plus net change in
unfilled orders for each industry category. This
procedure is followed for seasonally adjusted data
as well as for the unadjusted data. Shipments and
unfilled orders are seasonally adjusted independ-
ently. Seasonally adjusted new orders are derived
from seasonally adjusted shipments and sea-
sonally adjusted unfilled orders.






U.S.


UNIVERSITY OF FLORIDA

IIIIIIBI 1 0858911 1 143111 1 fli I
3 1262 08589 4235


DEPARTMENT OF COMMERCE


Bureau of the Census
Washington, D.C. 20233


POSTAGE AND


FEES PAID


U.S. DEPARTMENT OF COMMERCE


U.S.MAIL


OFFICIAL BUSINESS