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:
June 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:
AA00008477:00057

Related Items

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

Full Text


A UNITED STATES
DEPARTMENT OF
COMMERCE
PUBLICATION


0256


S


CURRENT


INDUSTRIAL


REPORTS


tA3-i(q~)


Manufacturers'


Inventories,


Shipments,


and


Orders


1972


4475$


U. S. DEPARTMENT OF COMMERCE Social and Economic Statistics Administration B jRiE CENSUS


FOR RELEASE:


August


M3-1 (72)-


SUMMARY


INVENTORIES


New orders for manufactured products in June
increased $1.60 billion or 2.6 percent to $63.07
billion after seasonal adjustment. Shipments
decreased $245 million or 0.4 percent to $60.71
billion from $60.96 billion in May. Unfilled orders
increased $2.36 billion or 3.0 percent to $80.40
billion at the end of June. Manufacturers' in-


ventorie
billion


s increased $695
at the end of June.


million


$103.52


The inventories to


Inventories of durable |K
increased $320 million and


manufacturers


ianufactureoa
ceablle.ot~dja


increased


all manufacturing level, materials-
showed no change, work-in-process increased
$470 million, and finished goods increased $225
million.

SCHEDULED RELEASE DATES


shipments ratio increased from 1.69 to 1.71.

For the 3 months ending in June, the average
month to month change in new orders was 1.3


percent increase con
increase for the 3 m<
a 1.5 percent increase
December.


pared


with a 1.7 percent


months ending in March and


for the


months ending in


NEW ORDERS


The figures on the durable goods industries in
this report supersede those issued earlier in the
advance report on durable goods. The advance
report is based on a tabulation of early reports


and is limited


to statistics on shipments, new


orders, and unfilled orders for a few broad industry
categories. 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


New orders for durable goods increased $1.29
billion or 3.8 percent to $35.06 billion. An
increase in the aerospace industry of $1.10 billion
was primarily responsible for this increase.


next month.


The advance report on durable goods


for July is scheduled for release on August 21,
1972 and the full report is scheduled for release
on August 30, 1972.


The data for May and prior months in this


re-


SHIPMENTS


Shipm
million


cents of durable goods decreased $530
or 1.6 percent to $32.72 billion led by


declines in motor vehicles ($175 million) and
shipbuilding and railroad equipment ($150 million).
Shipments of nondurable goods increased $285
million or 1.0 percent.


port are based on a revision of the monthly M3
series on shipments and orders. The monthly
series has been benchmarked to the Annual Survey
of Manufactures for the years 1966 to 1970and new


seasonal factors calculated.


The revised figures


for 1966 through March 1972, were published on
June 28 ina report entitled M3-1.4, Manufacturers'


Shipments, Inventories, and Orders:


1966-1972.


UNFILLED ORDERS


Unfilled orders for durable goods increased
$2.33 billion or 3.1 percent to $76.86 billion at
the end of June as increases in all segments were
-1 t. < -i -_ t S __ /P ~ti fi' _


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
Tif _rY -


Census,


Industry


Division,


on nfl r)


June










OF MANUFACTURERS'


(~ah1ons


of dollars)


Pulp,


Industry


group


All manufacturing
tries:


Total..
Tota4,


excluding


indus-


trans-


portatfotn. .............


Durable goods


Stone,

Primary


industries, total.


clay, and glass products.


y


metals,


Blast furnaces


1 Nonferrous
All other

Fabricated m


Machinery,


total...
, steel


~-.4*~ 1


primary metals. ..

etal products

SJ..r els..nd
** *._t** ***S


except


electrical,


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


Engines


and trubines........


Farm machinery and equipment
Construction, mining, and
material handling equipment


Metalworking


General
Electrical
Electric


machinery......


industrial
machinery,


machinery
total...


transmission


distribution equipment and
industrial apparatus.......
Household appliances........
Radio and TV................


Communication


equipment.....


Transportation equipment,


Motor vehicles


Aircraft, mi
parts....
Shipbuilding


total


and parts....


ssiles,


and railroad


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


Instruments
products,


and related
total..............


Scientific and


All other
related


engineering..


instruments
products....


All other durable


goods


industries..........


Nondurable


goods industries


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

Food and kindred
total...........
Meat products..
Fats and oils..


Tobacco
Textile

Paper a


products,


products.....
mill products


nd allied


products,


total........ .... ...a.......


Paperboa
All othe

Chemicals


Industrial


pape


r, etc............
containers......-
paper containers..


and allied


chemcials,


products,


except


pigments...


Drugs,

Petroleum
Rubber an


soap,


and toiletries.


and coal products...


d plastics


products~


Shipments


Total inventories


Without seasonal Without seasonal
Seasonally adjusted Wtu sen j Seasonally adjusted Wtu sen
adjustment' adjustment1


60,714

53,641

32,720

1,980


732


3,409

456


5,570
454
521

868
459
451
4,611


900
612
394
1.171


1,857

470


986
502

484


4,109


27.994


504
2,444


2,365
937
718
710


4.811


3,442

458


5,564
428
587

866
421
457
4,670


896
661
433
1,171

7,484
4,620

1,942

617


1,028
520

508


4,114


7,708


60,741

53,345

33,103

1,929

5,032
2,397
1,957
678


3,442

459


5,549
379
542

906
413
430
4,783


923
675
444
1.217


4,720

1,839


501
2,338


2,342
930
706
706


4,680


2,359

1,464


64,464

56,794

35,428

2,162

5,515
2,653
2,083


475


53.639


2,079


2,190

1,455


103,519

87,556

67,355

2,278


2,232

2,315


102,822

87,100

67,035

2,260


6.663


102,428

86,892

66,575

2,272


103,674


2,192

2,281


101,775

86,891

66,562

2.341











OF MANUFACTURERS'


(Millions


of dollars)


Industry


group


All manufacturing
tries:
Total...........


Total,


excluding


indus-


trans-


portation......


Durable g

Primary


oods industries,


metals,


Blast furnaces,


Nonferrous

Fabricated m

Machinery, e


Engines


total..


total.

a ** a a


steel mills.


metals...........

etal products.....


xcept


electrical


and turbines.,.....


Construction,


mining,


material handlingequipment.


Metalworking


machinery,....


General industrial machinery,.


Electrical ma

Electrical
distributi
industrial
Household a


Lchinery,


total...


transmission and
on equipment and
Sapparatus.......
appliances........


Radio and TV................


Communication

Transportation


Aircraft,


Sequipment.....

equipment,


missiles,


parts......................


Shipbuilding an
equipment.....

All other durable
industries......


Nondurable


Industries


d railroad


goods


goods industries,


with unfilled


orders......


Industries


without


- Represents


unfilled


~Preliminary.


New orders


Unfilled


orders


Without seasonal Without seasonal
Seasonally adjusted adjustment Seasonally adjusted adjustment1
adj ustment- adj ustment


61,209

53,568

33,529

4,999

2,343
1,994

3s395


5,654

431

904
427
434

4,833



981
678
483
1,148


7,641


2,081

530


7,007


27,680


7,533

20.147


56,977

50,447

30,317

4,314

1,853
1,862

3,337


5,372

522

899
365
404

4,349



842
574
434
1,202


6,530


1,321

573


6,415


26.660


6,759


9,556


13,258

3,572


1,271

14,171



3,869


24,483


14,689

5,346


6,294


3,524


3,524


9,626


13,156

3,572

2,446
1,008
1,296

13,999



3,892
130
553
5,877


24,635


14,553

5,500


6,239


3,523


3,523


79,322


9,937


12,282

3,318

2,287
975
1,152

13,517



3,796
128
455
5,471


22,097


13,358

5,164


6,122


3,038


3.038


XRid


1Adjusted for trading-day and calendar-month










Table 2.--VALUE


OF MANUFACTURERS'


SHIPMENTS,


INVENTORIES
(Millions


, AND ORDERS,
ot dollars)


FOR MARKET


CATEGORIES


AND SUPPLEMENTARY


SERIES


Seasonally adjusted Without seasonal Without seasonal
Seasonally adjusted adjustment1 Seasonally adjusted adjustment
adjustment' adjustment
Industry group
June May Apr. June May June June May Apr. June May June
1972p 1972r 1972 1972p 1972r 1971 1972 1972 19197 2972P 1972r 1971

Shipments Total inventories


All manufacturing industries, total.. 60,714 60,957 60,741 64,464 61,475 59,207 103,519 102,822 102,428 103,674 103,777 101,775

Durable goods industries, total............ 32,720 33,249 33,103 35,428 34,038 32,550 67,355 67,035 66,575 67,488 67,682 66,562
Nondurable goods industries, total......... 27,994 27,708 27,638 29,036 27,437 26,657 36,164 35,787 35,853 36,186 36,095 35,213

Industry groups arranged by market
categories:
Home goods and apparel................... 6,198 6,242 6,231 6,453 5,800 5,895 11,289 11,113 10,960 11,759 11,686 11,034
Consumer staples......................... 11,929 11,918 11,662 12,214 11,671 11,198 13,930 13,780 13,901 13,647 13,635 13,321
Equipment and defense products, except
automotive.............................. 8,776 9,017 8,836 9,412 9,116 8,882 26,766 26,597 26,523 26,834 26,823 26,344
Automotive equipment..................... 5 176 5,381 5,473 5,790 5,726 5,191 5,560 5,499 5,413 5,286 5,439 5,327
Construction materials, supplies, and
intermediate products................... 5,466 5,496 5,389 5,992 5,692 5,275 8,164 8,164 8,118 8,266 8,300 8,292
Other materials and supplies and
intermediate products................... 23,169 22,903 23,150 24,603 23,470 22,766 37,810 37,669 37,513 37,882 37,894 37,457

Supplementary series:
Household durable goods industries....... 2,849 2,913 2,883 3,015 2,770 2,526 5,192 5,171 5,029 5,338 5,380 5,082
Capital goods industries................. 10,324 10,448 10,320 11,013 10,542 10,403 30,185 29,939 29,824 30,273 30,188 29,775
Nondefense............................. 8,690 8,694 8,574 9,260 8,800 8,040 24,537 24,326 24,208 24,584 24,548 24,700
Defensew.....................,......... 1,634 1,754 1,746 1,753 1,742 2,363 5,648 5,613 5,616 5,689 5,640 5,075

New orders Unfilled orders

All manufacturing industries, total.. 63,074 61,475 61,209 65,793 61,063 56,977 80,402 78,045 77,528 79,322 77,993 72,785

Durable goods industries, total............ 35,058 33,765 33,529 36,758 33,590 30,317 76,855 74,521 74,005 75,728 74,398 69,747
Nondurable goods industries, total......... 28,016 27,710 27,680 29,035 27,473 26,660 3,547 3,524 3.523 3,594 3,595 3,038

Industry groups arranged by market
categories:
Home goods and apparel................... 6,301 6,359 6,290 6,585 5,946 5,904 262 2539 2,421 2,632 2513 2,079
Consumer staples......................... 11,913 11,919 11.666 12,199 11,668 11,185
Equipment and defense products, except
automotive.............................. 10,272 8,895 9,012 10,544 8,622 8,288 6 4,1 4,9 4,6 3,
*. .--- c- o c o A, c /,-n =/-,- c i-> c n-, 42,636 41,142 41,398 41,697 40,677 38,436
Automotive equipment..................... 5,178 5,247 5,470 5,676 5,522 5,087 3
Construction materials, supplies, and
intermediate products................... 5,508 5,470 5,355 6,029 5,646 5,211 9,420 9,379 9,406 9,502 9,465 9,685
Other materials and supplies and
intermediate products................... 23,902 23,585 23,416 24,760 23.659 21,302 25,720 24,985 24,303 25,491 25,338 22,585

Supplementary series:2
Household durable goods industries....... 2,950 3,012 2,945 3,152 2,888 2,544 2,179 2,077 1,977 2,169 2,031 1,707
Capital goods industries................. 11,967 10,569 10,744 12,215 10,207 9,534 46,494 44,853 44,733 45,670 44,466 41,951
Nondefense............................ 9,173 9,036 8,785 9,611 8,974 7,923 26,323 25,842 25,502 26,270 25,917 25,516
Defensew............................... 2,794 1,533 1,959 2,604 1,233 1,611 20,171 19,011 19,231 19,400 18,549 16,435


tuning


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


mentary


new defense


series.


Since there are no historical


the data have been seasonally adjusted using


adjusted


series


for trading-day


are regroupings


of the


and calendar-month


separate


industry


the factors
variations;
categories


data available to


of these
unfilled


develop


industries.


orders


separate


seasonal


PPreliminary.


and inventories


factors
rRevised.


as of end of month.


for these
'Shipments
The supple-


as follows:


Household


durable


appliances;


Capital


goods


goods


ophthalmic
industries


industries
goods, wa


- Household furniture;


tches,


- The capital


and clocks; and


goods


industries


kitchen


articles


and pottery;


miscellaneous personal


series


is comparable


cutlery,


handtools,


and hardware;


household


goods.


to the previous


Producers'


Capital


Goods and the Defense


Products (
Nondefense i
nondefense
ordnance.


old series)
industries -
portions o


categories.
Machinery,


except


f shipbuilding


electrical


and repairing


machinery
and railroad


(excluding
d equipment


household


appliances


commwiication


and electronic


equipment,


aircraft,


components),


aircraft


and the


parts,


Defense


products


industries:


(new ser


ordnance,


ies) Based onr
communications,


separate
complete


reports o
aircraft,


n defense
aircraft


work filed by large defense


parts,


and shipbuilding.


contractors


Thus,


it diffe


in the following
rs from the old series


in that it includes


and aircraft


parts.


defense
The dat


activity


in shipbuilding


are comparable


and excludes


to those published


nondefense work in


annually


in the MA-17


ordnance, co
5, Shipments


fl2XilUfliCatiOflS,


complete


of Defense-Oriented


aircraft,
industries,


for the specified industries.


)










MONTH AND LONG TERM PERCENT


(Based


on seasonal


ly adjusted


Item and industry


group


Shipments:


All manufacturing


Durable go
Nonduarble


industries.


ods industries,


total


goods industries,


Total inventories:
All manufacturing

New orders:
All manufacturing


Durable go'
Nonduarble


Unfilled
Durable


*. .. ...f .

.....* ft .


total.


industries.........


industries.....


ods industries,


goods


orders:
goods


total


industries,


industries


total.


total


Month-to-month


-0.4


+0.7


+3.1


+0.7


+1.4


+0.6


Average


monthly


rates of change


3 months


+0.5


+0.4


+1.5


+1.4


+0.3


+0.8


+1.3


+0.1


+0.5


12 months


+0.7


+0.2


40.7


Average,


Average
rise


41.2


+0.5


+0.7


1966-1971


Average
decline


-1.1


-0.2


-1.1


Table 4.--VALUE


OF MANUFACTURERS'


INVENTORIES,


BY STAGE OF FABRICATION,


BY INDUSTRY


(Millions


of dollars)


Without seasonal Without seasonal
Seasonally adjusted au eSeasonally adjusted djt
adjustment adjustment
Industry group
June May Apr. June May June June May Apr. June May June
1972P! 1972r 1972 1972p 1972r 1971 19723 1972 1972 1972p 1972r 1971

Total Materials and supplies


All manufacturing industries, total.. 103,519 102,822 102,428103,674 103,777 101,755 30,934 30,933 30,937 30,657 30,755 31,112
Durable goods industries, total............ 67,355 67,035 66,575 67,488 67,682 66,562 17,940 18,152 18,101 17,859 17,979 18,734
Stone, clay, and glass products.......... 2,278 2,260 2,272 2,325 2,345 2,341 770 761 757 771 762 756
Primary metals.............. ............. 9,689 9,600 9,553 9,559 9,547 9,045 3,517 3,516 3,530 3,428 3,369 3,254
Machinery (electrical and nonelectrical). 23,431 23,364 23,278 23,656 23,775 24,003 5,774 5,808 5,803 5,814 5,839 5,961
Transportation equipment................. 15,963 15,722 15,536 15,656 15,657 14,884 2,703 2,781 2,778 2,602 2,744 3,136
All other durable goods industries....... 15,994 16,089 15,936 16,292 16,358 16,289 5,176 5,286 5,233 5,244 5,265 5,627
Nondurable goods industries., total......... 36,164 35,787 35,853 36,186 36,095 35,213 12,994 12,781 12,836 12,798 12,776 12,378
Chemicals and allied products........... 6,701 6,663 6,648 6,698 6,692 6,747 2,213 2,141 2,165 2,205 2,138 2,249
Petroleum and coal products............... 2,232 2,208 2,199 2,207 2,192 2,220 514 505 503 516 512 508
Rubber and plastics products, n.e.c...... 2,315 2,274 2,230 2,304 2,281 2,117 668 670 667 670 663 "652
All other nondurable goods industries.... 24,916 24,642 24,776 24,977 24,930 24,129 9,599 9,465 9,501 9,407 9,463 8,969

Work in process Finished goods

All manufacturing industries, total.. 36,762 36,293 36,068 36,623 36,544 34,985 35,823 35,596 35,423 36,394 36,478 35,678
Durable goods industries, total............ 31,496 31,103 30,794 31,288 31,251 29,854 17,919 17,780 17,680 18,341 18,452 17,974

Stone, clay, and glass products.......... 314 310 317 319 321 337 1,194 1,189 1,198 1,235 1,262 1,248
Primary metals........................... 3,210 3,156 3,133 3,158 3,156 2,947 2,962 2,928 2,890 2,973 3,022 2,844
Machinery (electrical and nonelectrical). 10,580 10,537 10,461 10,539 10,638 10,811 7,077 7,019 7,014 7,303 7,298 7,231
Transportation equipment................. 11,799 11,476 11,328 11,606 11,442 10,270 1,461 1,465 1,430 1,448 1,471 1,478
All other durable goods industries....... 5,593 5,624 5,555 5,666 5,694 5,489 5,225 5,179 5,148 5,382 5,399 5,173

Nondurable goods industries, total......... 5,266 5,190 5,274 5,335 5,293 5,131 17,904 17,816 17,743 18,053 18,026 17,704
Chemicals and allied products............ 879 857 871 878 862 872 3,609 3,665 3,612 3,615 3,692 3,626
Petroleum and coal products.............. 490 484 478 501 491 497 1,228 1,219 1,218 1,190 1,189 1,215
Rubber and plastics products, n.e.c...... 371 364 353 368 359 336 1,276 1,240 1,210 1,266 1,259 1,129
All other nondurable goods industries.... 3,526 3,485 3,572 3,588 3,581 3,426 11,791 11,692 11,703 11,982 11,886 11,734

-Preliminary.
Revised.


GROUP











Table 5.--RATIO OF MANUFACTURERS' INVENTORIES TO SHIPMENTS AND UNFILLED ORDERS TO SHIPMENTS, BY INDUSTRY GROUP


(Based


on seasonally adjusted data)


I o nt ri. Unfilled orders shipments ratio'
Inventories shipments ratio -
(months' backlog)
Industry group
June May Apr. June June May Apr. June
1972P 1972r 1972 1971 1972p 1972r 1972 1971

All manufacturing industries, total................. 1.71 1.69 1.69 1.82 2.13 2.05 2.05 2.13
Durable goods industries, total............................ 2.06 2.02 2.01 2.21 2.55 2.44 2.43 2.55
Stone, clay, and glass products......................... 1.15 1.12 1.18 1.39 (NA) (NA) (NA) (NA)
Primary metals........................................... 1.94 1.95 1.90 1.85 1.45 1.37 1.26 1.20
Fabricated metals........................................ 2.09 2.09 2.07 2.37 3.27 3.20 3.23 3.52
Machinery, except electrical............................. 2.42 2.41 2.41 2.82 2.44 2.38 2.37 2.51
Electrical machinery...................................... 2.16 2.13 2.07 2.43 3.11 3.03 2.93 3.35
Transportation equipment................................ 2.26 2.10 2.10 2.20 4.94 4.45 4.59 4.35
Instruments and related products......................... 2.52 2.47 2.40 2.49 (NA) (NA) (NA) (NA)
Nondurable goods industries, total......................... 1.29 1.29 1.30 1.37 0.47 0.47 0.47 0.44
Food and kindred products................................. 0.99 0.98 1.01 1.06 (X) (X) (X) (X)
Tobacco products............................................ 4.40 4.37 4.51 4.37 (X) (X) (X) (X)
Textile mill products................................... 1.57 1.66 1.62 1.74 (NA) (NA) (NA) (NA)
Paper and allied products................................ 1.16 1.17 1.17 1.29 (NA) (NA) (NA) (NA)
Chemicals and allied products............................ 1.39 1.44 1.42 1.55 (x) ) () (X) (X)
Petroleum and coal products.............................. 0.97 0.98 0.93 1.06 (X) (X) (X) (X)
Rubber and plastics products, n.e.c...................... 1.62 1.56 1.52 1.57 (x) (X) (X) (X)


(NA) Not available.
tExcludes the following


Prelimina
industries


rRevi
no unfi


Not app
Wooden


licable.
containers


; glass containers;


metal cans,


barrels


and drums; motor


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


apparel and related products; chemicals;


petroleum and coal products; and











Appendix


The following is a description of the survey and


definitions used.


EXPLANATION OF TERMS


These are provided to clarify


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


which


are received


DESCRIPTION OF THE SURVEY


Manufacturers'


Shipments,


Inventories,


and Orders survey provides monthly figures that
are comparable to the annual totals published each
year in the annual survey of manufactures (ASM).
The ASM is based on a sample of approximately
60,000 manufacturing establishments drawn from
the 5-year census universeofabout310,000estab-


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


lishments.


the ASM,


each


manufacturing


establishment provides data on employment, pay-


rolls,


shipments,


penditures, an
selected items.


cost of materials,


d inventories


as wel


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.


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, and orders data monthly
for individual establishments.


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


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


reporting
operations


unit typically


comprises


the 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
SIC industries which make up the category. Thus,
the monthly reports are used to update the ASM


estimates


using


a link relative of matched


industries within the industry group.


Withtheex-


ception of motor vehicles, it is not significant at


the 4-digit
dustry cate
industries,


SIC group


level.


Since the M3-1 in-


gories typically are groupings of
this duplication is significant for 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
and allowances. Companies which file divisional
reports are requested to treat transfers from one
division of the company to another as if they were


The




UNIVERSITY OF FLORIDA
i 11 i il 1 I I IllI
8 3 1262 08589 4078


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


reports,
changes


it is assumed that the month-to-month


in company


sales


in the industry are


representative of the month-to-month shipments
of the establishments in the industry.


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


end-of-year inventories in the ASM.


In the ASM,


respondents are asked to report inventories of
individual establishments at approximate current


cost if feasible; otherwise,


atbookvalues. Since


different methods of inventory valuation are used
(LIFO, FIFO, etc.), the definition of the aggregate
inventories for establishments in an industry is
not precise. The figures on the change in in-


ventories


from


one period


to the next are of


-
greater significance than the actual aggregates,

Inventories are reported by sta
ge of fab


cation:


and (c)
inventories


(a) finis-h-ed good; (b wk -.p-o-c
(a) finished goods; (b) work in process;


materials,


In using


supplies,


inventories


and other
by stage of


fabrication at the all manufacturing and 2-digit
industry levels as well as for the durable and non-
durable goods sectors, it should be noted that a


New Orders Received


and Unfilled Orders--


Orders as reported in the monthly survey are net


of cancellations during the month.


They include


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


for future delivery.


They also include the net


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


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


finished


product of one industry may be a raw


derived


from the shipments plus net change in


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 inc
processing,


lustries


successive


stages


the same type of commodity may be


included under different inventory categories in
the aggregate statistics.


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.


ri-