|
 |
| UFDC Home | Search all Groups | World Studies | Federal Depository Libraries of Florida & the Caribbean | Vendor Digitized Files | Internet Archive | | Help |
|
|
|
| UFDC Home | Search all Groups | World Studies | Federal Depository Libraries of Florida & the Caribbean | Vendor Digitized Files | Internet Archive | | Help |
 Material Information
Subjects
Notes
Record Information
Related Items
|
| Full Text |
|
A UNITED STATES DEPARTMENT OF COMMERCE PUBLICATION SISCSI IM I J TRIAL ^<. we ~e* ~)i ~toq, A SW. is * ^ Ia nufacturers' inventories, REPORTS Shipments, and Orders April 1972 "PARTME MMMERCE Social and Economic Statistics Administration BUREAU OF THE CENSUS FOR RELEASE: May 31, 1972 SERIES: M3-1 (72)-4 SUMMARY :, New orders for manufactured prod increased $390 million or 0.6 perce million from $63.54 billion in March af adjustment. Shipments increased $7 1.2 percent to $63.63 billion from $62 March. Unfilled orders increased $3 0.4 percent to $81.46 billion at the Manufacturers' inventories decreased to $101.08 billion at the end of Ap UNFILLED ORDERS ucts in April .nt to $63.93 Peter seasonal 30 million or .90 billion in 10 million or end of April. $160 million ril. The in- ventories to shipments ratiodecreased from 1.61 to 1.59. For the 3 months ending in April, the average nonth-to-month change in new orders was an 0.5 percent increase compared with a 3.1 percent in- crease for the 3 months ending in January and an OA :percent decrease for the 3 months ending in October. Unfilled orders for durable goods increased $270 million or 0.3 percent to $77.84 billion at the end of April. Among the supplementary series, unfilled orders for producers' capital goods increased $230 million or 1.0 percent to $24.74 billion. INVENTORIES Inventories of both durable and nondurable goods decreased $80 million each in April. manufacturing level, creased $60 million, million, materials At the all and supplies in- work-in-process decreased and finished goods decreased $40 million. SCHEDULED RELEASE DATES The figures on the durable goods industries in this report supersede those issued earlier in the advance report N!W ORDERS report on durable goods. The advance is based on a tabulation of early reports and is limited to statistics on shipments, New orders for durable goods increased $410 irfllion or 1.2 percent to $35.50 billion in April. orders, and unfilled orders for a few broad industry categories complete The present report is based on more but the estimates reporting, are also orders for aircraft and parts and r vehicles and parts increased $290 million and $140 million respectively. Among the supplementary series, new orders for defense products increased $200 million. 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 May is scheduled for release on June 21, 1972 and the full June 30, 1972. report is scheduled for release on For an explanation of terms used in this report see appendix following table 5. SHIPMENTS Shipments of durable goods increased $650 million or 1.9 percent to $35.24 billion in April. This increase was spread over all industries. Shipments of nondurable goods increased $80 million or 0.3 percent to $28.39 billion. Inquiries concerning these figures should be addressed to the U.S. Department of Commerce, Social Economic Statistics Administration, Bureau of the Census, Industry Division, Washington D.C. 20233. Mew new OF MANUFACTURERS' (Millions of dollars) Industry All manufacturing group industries: Total....... ...................... . Total, Durable g Stone, I Primary excluding transportation..... total.....,....... oods industries, and glass products........... metals, Blast furnaces All other Fabricated Metal can Machinery, 4 Engines prim metal total... ................ . , steel mills............. lary metals................ products, s, barrels, except and drums.. ....... . electrical, total....... and turbines.............. ..... Farm machinery Construction, mining, handling and equipment............ and material equipment..................... Metalworking machinery.................. General industrial machinery............ Electrical machinery, Electrical equipment Household transmiss total.. ............ sion and distribution and industrial apparatus..... appliances, including radio and TV................................. Communication equipment................. Transportation equipment, total........... Motor vehicles and parts................ Aircraft, Instruments missiles, and relate All other durable Nondurable good goods industry Food and kindred and parts............ *d products.......... [s industries ........ ies, total.......... Lcts, total.......... produ Meat products........................... Tobacco Textile Paper a Pulp, products... ............. ... ... ... mill products..................... nd allie paper, Chemicals ani Industrial Petroleum am Rubber and p All other no products, d allied pr chemicals, oducts, except total..p.... pigments... d coal products............... lastics durable products, n.e.c....... goods industries..... All manufacturing industries: Total............... ............... Total, Durable excluding 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 Metalworking machinery.................. General in Electrical m Electrical equipment Household dustrial machinery, machinery............ total ............... transmission an and industrial td distribution apparatus..... appliances, including radio and TV..c .... ...... ........ ............ Communication equipment......*.......... Transportation Aircraft, mis All other durable Nondurable equipment, smiles, and total ...* ... .. . parts. .... ...... goods industries........ goods industries Industries with unfilled o, totalrr........ orders....*.... .. Seasonally adjusted Without seasonal adjustment' Mar. Feb. Apr. Mar. 1972" 1972 1972w 19721' Shipments 2.038 3,804 404 5,639 303 554 934 444 454 5,108 1,000 1,214 1,335 8,227 5,655 1,947 1,083 3,904 28,386 9,570 2,090 517 (2 ) 2,416 972 4,647 1,449 2,578 1,779 6,879 62,901 54,817 34,594 3,671 391 5,531 346 561 913 440 481 5,005 1,014 1,128 1,277 8,084 5,466 1,904 1,021 3,887 28,307 9,519 2,031 526 (2) 2,426 971 4,637 1,458 2,528 1,718 6,953 61,865 53,647 34,013 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 36,102 3,903 411 5,844 304 642 1,021 434 465 4,967 1,031 1,017 1,377 8,475 5,851 1,946 1,033 3,991 28,394 9,222 2,039 64,609 56,069 35,992 3,736 384 5,870 380 649 961 483 492 5,175 1,078 1,119 1,332 8,540 5,809 2,008 1,010 4,037 28,617 9,436 2,039 511 (2) 2,468 997 4,756 1,496 2,452 1,791 7,203 32,003 1,754 3,548 317 4,956 306 505 865 336 403 4,218 862 886 1,249 7,554 4,895 1,997 960 3,319 26,376 8,570 1,931 463 (2) 2,148 910 4,537 1,486 2,323 1,618 6,717 6,859 703 13,355 1,022 1,155 2,522 1,161 1,129 9,899 2,272 1,871 3,005 14,053 4,036 7,580 2,490 6,391 36,210 9,136 818 2,339 (2) 2,721 1,000 6,639 1,864 2,333 2,238 10,804 7,087 749 13,365 1,011 1,130 2,581 1,167 1,112 9,885 2,300 1,837 3,042 13,984 3,988 7,580 2,475 6,370 36,294 9,163 797 2,320 (2) 2,739 1,001 6,711 1,853 2,328 2,217 10,816 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 (2) 2,739 994 6,684 1,868 2,378 2,171 10,753 a _____________________ _____________________ _____________________ I _____________________ bhout seasonal .a justment Aprvttl ' 6,996 738 13,523 1,030 1,182 2,565 1,169 1,141 10,026 2,281 1,940 3,020 14,120 4,020 7,597 2,533 6,426 36,429 8,965 847 2,388 (2) 2,758 1,010 6,736 1,886 2,311 2,276 10,995 65,281 7,088 739 13,500 1,009 1,176 2,625 1,166 1,128 9,883 2,311 1,820 3,048 14,070 4,016 7,594 2,487 6,408 36,415 9,006 821 2,427 (2) 2,746 1,007 6,830 1,902 2,315 2,245 10,846 Apr. 1971 101,257 87,259 65,649 7,281 747 14,053 944 1,152 2,673 1,229 1,199 10,136 2,239 1,972 3,069 13,998 4,060 7,922 2,403 6,135 35,608 8,594 843 2,261 (2) 2,762 1,030 6,846 1,887 2,327 2,178 10,640 New orders Unfilled orders 63,927 55,588 35,500 5,468 2,511 3,716 5,772 412 930 437 465 5,094 1,079 1,236 1,213 8,339 2,110 7,111 28,427 7,613 63,541 55,660 35,095 5,515 2,523 3,780 5,733 427 984 488 448 5,034 1,032 1,191 1,265 7,881 1,818 7,152 28,446 7,850 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 64,978 56,411 36,512 5,881 2,748 3,914 6,054 388 1,034 448 493 4,917 1,091 1,043 1,222 8,567 2,083 7,179 28,466 7,644 65,202 56,918 36,454 5,846 2,777 3,858 6,097 427 1,054 516 481 5,156 1,103 1,155 1,284 8,284 1,962 7,213 28,748 7,949 57,433 50,210 31,032 5,184 2,506 3,613 4,837 233 890 311 425 4,140 849 859 1,244 7,223 1,820 6,035 26,401 6,952 81,462 55,625 77,839 6,274 3,329 10,556 15,386 5,265 2,509 1,061 1,467 14,306 3,949 780 5,952 25,837 17,794 5,480 3,623 3,623 81,153 55,429 77,573 6,243 3,341 10,644 15,252 5,155 2,514 1,067 1,456 14,319 3,870 757 6,073 25,724 17,631 5,391 3,580 3,580 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 81,897 56,225 78,267 6,817 3,791 10,647 15,450 5,239 2,612 1,067 1,460 14,202 4,013 737 5,809 25,672 17,818 5,479 3,630 3,630 81,420 55,841 77,859 6,756 3,769 10,636 15,242 5,156 2,599 1,053 1,432 14,252 3,953 711 5,964 25,579 17,681 5,394 3,561 3,561 81,713 56,194 78,612 8,342 5,242 11,152 14,378 4,828 2,396 1,068 1,249 14,067 3,856 637 5,720 25,519 18,585 5,154 3,101 3,101 I I t ed CATEGORIES AND SUPPLEMENTARY SERIES Table 2.--VALUE OF MANUFACTURERS' SHIPMENTS, INVENTORIES, AND ORDERS, FOR MARKET (Millions of dollars) 1sa adusWithout seasonal Without seasonal Seasonally adjusted adjustment1 Seasonally adjusted adjustment Industry group Apr. Mar. Feb. Apr. Mar. Apr. Apr. Mar. Feb. Apr. Mar. Apr. 1972p 1972r 1972 1972p 1972r 1971 1972p 1972r 1972 1972 1972r 1971 Shipments Total inventories All manufacturing industries, total.. 63,627 62,901 61,865 64,496 64,609 58,379 101,082 101,244 101,033 101,918 101,696 101,257 Durable goods industries, total............ 35,241 34,594 34,013 36,102 35,992 32,003 64,872 64,950 64,769 65,489 65,281 65,649 Nondurable goods industries, total......... 28,386 28,307 27,852 28,394 28,617 26,376 36,210 36,294 36,264 36,429 36,415 35,608 Industry groups arranged by market categories: Home goods and apparel................... 5,847 5,713 5,500 5,626 5,978 5,315 10,930 10,963 10,939 11,195 10,964 10,778 Consumer staples..-....................... 12,254 12,256 12,148 11,913 12,149 11,129 14,015 14,075 14,158 13,909 14,016 13,495 Equipment and defense products, except automotive................................ 9,214 9,103 8,804 9,499 9,601 8,461 25,550 25,619 25,576 25,796 25,787 26,120 Automotive equipment..................... 6,293 6,112 6,186 6,563 6,464 5,511 5,255 5,202 5,147 5,301 5,310 5,256 Construction materials, supplies, and intermediate products................... 5,718 5,746 5,610 5,866 5,662 5,147 7,915 8,006 8,036 8,084 8,160 8,105 Other materials and supplies and intermediate products................... 24,301 23,971 23,617 25,029 24,755 22,816 37,417 37,379 37,177 37,633 37,459 37,503 Supplementary series:2 Household durable goods industries....... 2,865 2,757 2,625 2,673 2,813 2,253 4,972 4,931 4,888 5,083 4,936 4,939 Producers' capital goods industries...... 7,047 7,112 6,940 7,221 7,449 6,123 17,349 17,350 17,370 17,546 17,447 17,634 Defense products industries (old series). 3,695 3,581 3,601 3,762 3,799 3,659 11,511 11,572 11,473 11,547 11,592 11,958 Defense products (new series)*........... 1,905 1,767 1,815 1,932 1,859 1,852 6,108 6,063 5,896 6,151 6,073 6,165 New orders Unfilled orders All manufacturing industries, total.. 63,927 63,541 62,514 64,978 65,202 57,433 81,462 81,153 80,519 81,897 81,420 81,713 Durable goods industries, total............ 35,500 35,095 34,505 36,512 36,454 31,032 77,839 77,573 77,078 78,267 77,859 78,612 Nondurable goods industries, total......... 28,427 28,446 28,009 28,466 28,748 26,401 3,623 3,580 3,441 3,630 3,561 3,101 Industry groups arranged by market categories: Home goods and apparel................... 5,874 5,854 5,489 5,670 6,070 5,335 2,444 2,414 2,269 2,367 2,334 1,988 Consumer staples............................. 12,253 12,262 12,146 11,903 12,141 11,130 Equipment and defense products, except 4,680 44,643 44,817 44,459 44,477 43,608 automotive.............................. 9,300 8,931 9,019 9,538 9,412 8,200 Automotive equipment..................... 6,240 6,113 6,415 6,506 6,388 5,453 Construction materials, supplies, and 10,212 10,326 10,130 10,345 10,299 10,705 intermediate products................... 5,605 5,941 5,596 5,912 5,879 5,243 Other materials and supplies and intermediate products................... 24,655 24,440 23,849 25,449 25,312 22,072 24,126 23,770 23,303 24,726 24,310 25,412 Supplementary series:2 Household durable goods industries....... 2,909 2,883 2,601 2,707 2,887 2,247 1,991 1,943 1,819 1,914 1,879 1,598 Producers' capital goods industries...... 7,280 7,238 7,242 7,521 7,586 5,894 24,737 24,503 24,378 24,678 24,377 23,139 Defense products industries (old series). 3,765 3,482 3,452 3,756 3,697 3,472 24,370 24,298 24,397 24,269 24,275 24,986 Defense products (new series)*........... 1,947 1,752 1,780 1,943 1,831 1,584 20,964 20,923 20,937 20,764 20,753 19,470 WDuring 1968 manufacturers figures on shipments, orders,- cluded in these new defense se the data have been seasonally in ordnanc and total ries. Sin adjusted u e, communica inventories ce there are sing adjusted for trading-day and calendar-month vari regroupings of the separate industry categories the factors , aircraft and aircr rk performed for the historic data availab of these industries. aft parts, Department le to devel op I ship bui] SDefense. separate PPreliminary. nations; unfilled orders and inventories as of as follows: Hiding industries began to provide aggregate The results of these reports are in- seasonal factors for these reporters, Revised. end of month. 1Shipments and new orders 2The supplementary series 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' capital goods (formerly machinery and equipment) industries Machinery, except electrical (excluding farm machinery and equipment and machine shops), electrical machinery (excluding household appliances, communication equipment and electronic components), shipbuilding and repairing, and railroad and street car equipment. Defense products industries (old series) - aircraft-parts, and ordnance industries. omits defense work performed in the ship Based on reports for companies classified in the (Thus, this series includes significant amounts building industry.) communication of nondefense equipment, complete aircraft, work in these industries and Defense products (new series) Based on separate industries: ordnance, communications, complete in that it includes defense activity in ship bui and aircraft parts. The data are comparable to the specified industries. reports on defense work filed by large defense contractors in the following aircraft, aircraft parts, and ship building. Thus, it differs from the old series hiding and excludes nondefense work in ordnance, communications, complete aircraft, those published annually in the MA-175, Shipments of Defense-Oriented Industries, for AND LONG TERM PERCENT Table 3,--MANUFACTURERS' (Based on seasonally adjusted Month-to-month Average monthly rates of change Average, 1966-1971 3 months 12 months Item and industry group Mar.- Feb.- Jan.- Average Average Apr. Mar. Feb.deln A97 197. 1e7 Jan. 1972- Oct. 1971- July 1971- Apr. 1971- rise decline 1972 1972 1972 Apr. 1972 Jan. 1972 Oct. 1971 Apr. 1972 Shipments: All manufacturing industries......... +1.2 +1.7 40.8 +1.2 +2.2 -0.6 40.8 +1.3 -1.1 Durable goods industries, total........ +1.9 +1.7 +1.3 +1.6 +2.5 -1.0 +1.0 +2.1 -1.7 Nondurable goods industries, total..... +0.3 +1.6 +0.3 +0.7 +1.9 0.0 +0.6 +1.0 -0.6 Total inventories: All manufacturing industries......... -0.2 +0.2 +0.2 +0.1 +0.1 +0.2 0.0 +0.5 -0.2 New orders: All manufacturing industries......... +-0.6 +1.6 -0.8 40.5 +3.1 -0.4 +1.0 +1.9 -1.3 Durable goods industries, total........ +1.2 +1.7 -1.7 +0.4 +4.2 -0,9 +1.4 +3.0 -2.3 Nondurable goods industries, total..... -0.1 +1.6 +0.4 +0.6 +1.9 +0.1 +0.6 +0.9 -0.5 Unfilled orders: Durable goods industries, total........ +0.3 +0.6 +0.6 40.5 +1.0 -0.1 0.0 +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 Wtut en Seasonally adjusted adjusent adjustment adjustment Industry group Apr. Mar. Feb. Apr. Mar. Apr. Apr. Mar. Feb. Apr. Mar. Apr. 1972 1972r 1972 1972P 1972r 1971 1972p 1972r 1972 1972p 1972r 1971 Total Materials and supplies All manufacturing industries, total.. 101,082 101,244 101,033 101,918 101,696 101,257 32,363 32,299 32,569 32,234 32,227 32,165 Durable goods industries, total............ 64,872 64,950 64,769 65,489 65,281 65,649 18,989 18,969 19,037 18,775 18,758 19,160 Stone, clay, and glass products.......... 2,244 2,220 2,235 2,328 2,304 2,352 758 754 711 754 759 747 Primary metals........................... 9,581 9,564 9,459 9,537 9,541 9,291 3,659 3,686 3,682 3,474 3,516 3,183 Machinery (electrical and nonelectrical). 23,254 23,250 23,248 23,549 23,338 24,189 6,397 6,322 6,357 6,403 6,298 6,510 Transportation equipment................. 14,053 13,984 13,850 14,120 14,070 13,998 2,702 2,711 2,678 2,702 2,740 3,162 All other durable goods industries....... 15,740 15,932 15,977 15,955 16,028 15,819 5,473 5,496 5,609 5,442 5,445 5,558 Nondurable goods industries, total......... 36,210 36,294 36,264 36,429 36,415 35,608 13,374 13,330 13,532 13,459 13,469 13,005 Chemicals and allied products............ 6,639 6,711 6,684 6,736 6,830 6,846 2,277 2,330 2,299 2,287 2,332 2,381 Petroleum and coal products.............. 2,333 2,328 2,378 2,311 2,315 2,327 552 547 566 561 557 550 Rubber and plastics products, n.e.c...... 2,238 2,217 2,171 2,276 2,245 2,178 674 685 648 657 646 701 All other nondurable goods industries.... 25,000 25,038 25,031 25,106 25,025 24,257 9,871 9,768 10,019 9,954 9,934 9,373 Work in process Finished goods All manufacturing industries, total.. 34,225 34,412 34,140 34,504 34,545 33,954 34,494 34,533 34,324 35,180 34,924 35,138 Durable goods industries, total............ 28,896 28,969 28,878 29,176 29,166 28,867 16,987 17,012 16,854 17,538 17,357 17,622 Stone, clay, and glass products.......... 289 269 290 311 294 318 1,197 1,197 1,234 1,263 1,251 1,287 Primary metals........................... 3,191 3,149 3,092 3,229 3,206 3,198 2,731 2,729 2,685 2,834 2,819 2,910 Machinery (electrical and nonelectrical). 10,312 10,368 10,335 10,419 10,437 10,818 6,545 6,560 6,556 6,727 6,648 6,861 Transportation equipment................. 9,920 9,869 9,810 9,960 9,898 9,375 1,431 1,404 1,362 1,458 1,432 1,461 All other durable goods industries....... 5,184 5,314 5,351 5,257 5,331 5,158 5,083 5,122 5,017 5,256 5,207 5,103 Nondurable goods industries, total......... 5,329 5,443 5,262 5,328 5,379 5,087 17,507 17,521 17,470 17,642 17,567 17,516 Chemicals and allied products............ 903 915 899 899 922 903 3,459 3,466 3,486 3,550 3,576 3,562 Petroleum and coal products.............. 445 452 452 442 453 443 1,336 1,329 1,360 1,308 1,305 1,334 Rubber and plastics products, n.e.c...... 354 365 348 351 349 326 1,210 1,167 1,175 1,268 1,250 1,151 All other nondurable goods industries.... 3,627 3,711 3,563 3,636 3,655 3,415 11,502 11,559 11,449 11,516 11,436 11,469 Preliminary. Revised. data) OF MANUFACTURERS' (Based on seasonally adjusted Inen e st r Unfilled orders shipments ratio1 Inventories shipments ratio n backlog) (months' backlog) Industry group Apr. Mar. Feb. Apr. Apr. Mar. Feb. Apr. 1972 1972r 1972 1971 1972 1972r 1972 1971 All manufacturing industries, total.................. 1.59 1.61 1.63 1.74 2.13 2.14 2.17 2.35 Durable goods industries, total............................. 1.84 1.88 1.90 2.08 2.53 2.57 2.61 2.83 Stone, clay, and glass products.......................... 1.10 1.06 1.09 1.31 (NA) (KA) (NA) (NA) Primary metals........................................... 1.76 1.81 1.84 1.73 1.15 1.18 1.17 1.41 Fabricated metals........................................ 1.80 1.93 2.01 2.06 3.10 3.25 3.32 3.51 Machinery, except electrical............, ...........*... 2.37 2.42 2.53 2.90 2.73 2.76 2.83 2.99 Electrical machinery ...... ................................ 1.94 1.98 1.99 2.30 2.80 2.86 2.89 3.26 Transportation equipment.............................. 1.71 1.73 1.69 1.90 5.99 5.98 6.03 6.24 Instruments and related products......................... 2.30 2.42 2.47 2.35 (NA) (NA) (NA) (NA) Nondurable goods industries, total.......................,.. 1.28 1.28 1.30 1.34 0.48 0.46 0.46 0.45 Food and kindred products................................ 0.95 0.96 0.98 0.99 (X) (X) (X) (X) Tobacco products......................................... 4.52 4.41 4.35 4.70 (X) (X) (X) (X) Textile mill products.................................... (2) (2) (2) (2) (NA) (NA) (NA) (NA) Paper and allied products................................ 1.13 1.13 1.13 1.28 (NA) (NA) (NA) (NA) Chemicals and allied products............................ 1.43 1.45 1.46 1.57 (x) (X) (X) (X) Petroleum and coal products............ ................ 0.90 0.92 0.96 0.99 (X) (X) (X) (X) Rubber and plastics products, n.e.c...................... 1.26 1.29 1.30 1.39 (x) (X) (X) (x) (NA) Not available. 1Excludes the following vehicle rubber a assembly nd plastic operations; cs products, Preliminary. industries with foods and related Revised. no unfilled products; (X) order: tobacco; Not applicable. Wooden containers; apparel and rela glass containers; ted products; che metal barrels micals; petroleum and drums; motor and coal products; ORDERS GROUP Appendix The following is a description of the survey and definitions us the meaning represent any EXPLANATION OF TERMS These are provided to clarify 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 DESCRIPTION OF THE SURVEY The Manufacturers' Shipments, Inventories, and Orders survey provides monthly figures that are comparable to the annual totals published each year in the annual survey of manufactures (ASM). The ASM is based on a sample of approximately 60,000 manufacturing establishments drawn from the 5-year census universe of about 310,000 estab- lishments. the ASM, manufacturing establishment provides data on employment, pay- rolls, shipments, penditures, an selected items. information onr cost of materials, inventories as wel] capital ex- l as other The establishments do not provide Unfilled orders or new orders. Since the ASM is establishment based, it provides data for each of the 425 manufacturing industries in the Standard Industrial Classification System (SIC) and area data for industry groups. ASM which are received receivable net selling values, f.o.b. plant, after discounts and allowances and excluding freight 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 establishments. 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 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. dustry cat industries, 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 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 bv using a link relative of matched 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 from one division of the company to another as if they were 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 the actual aggregates. Inven cation: and (c) inventor stories are reported by stage of fabri- (a) finished goods; (b) work in process; materials, supplies, fuel, and other ies. 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, finished it should be noted that a product of one industry may be a raw material for another industry at the next stage of fabrication. Insofar as the durable and nondurable goods sectors and also the 2-digit industry groups contain industries successive stages processing, the same type of commodity may be included under different inventory categories in the aggregate statistics. * *I 1 . 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. net 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. derived New orders are 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 sonally adjusted unfilled orders. sea- 'I U.S. DEPARTMENT OF COMMERCE Social and Economic Statistics Administration BUREAU OF THE CENSUS Washington, D.C. 20233 UNIVERSITY OF FLORIDA 3 1262 08589 4383 POSTAGE AND FEES PAID U.S. DEPARTMENT OF COMMERCE U.S.MAIL OFFICIAL BUSINESS |