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:
August 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:
AA00008477:00059

Related Items

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

Full Text

A UNITED STATES
DEPARTMENT OF
COMMERCE
PUBLICATION


CURRENT


C5C


INDUSTRIAL


Shipments,


4 3.- 1 72
Manufacturers'
we ries,


August 1972


U.S. DEPARTM


F COMMERCE *'i


d Economic Statistics Administration BUREAU OF THE CENSUS


SERIES:


FOR RELEASE: October 3, 1971i


SUMMARY


M3-1(72)-8


UNFILLED ORDERS


New o
Sustk incr
$'4. 30 b
*pasonal
billion or


rders
eased


for manufactured products in Au-
$1.80 billion or 2.9 percent to


llion from $62.50 billion in July after
adjustment. Shipments increased $1.32
2.1 percent to $63.19 billion in July.


Unfilled orders increased $1.10 billion or 1.4
percent to $80.34 billion at the end of August.
manufacturers' inventories increased $680 mil-
lion or 0.7 percent to $104.57 billion at the end
of August, The inventories to shipments ratio
decreased from 1.68 to 1.65.


For the 3 months ending in August, the average
nmorith-to-month change in new orders was a 1.3
pegent increase compared with a 1.2.percent in-
crease for the 3 months ending in May and a


1.0 percent increase for the
February.


months ending in


Unfilled orders for durable goods increased
$1.06 billion or 1.4 percent to $76.72 billion at
the end of August led by a $635 billion increase in
primary metals.
INVENTORIES


Inventories of durable goods and nondurable
goods manufacturers increased $480 million and
$200 million respectively. At the all manu-
facturing level, materials and supplies decreased
$115 million, work in process increased $525
million, and finished goods increased $275million.

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


advance report on durable goods.


The advance


report is based on a tabulation of early reports


and is limited


to statistics on shipments, new


orders,


and unfilled


industry categories.


NEW ORDERS


New orders for durable goods increased $1.24
billion or 3.6 percent to $35.90 billion. New orders
for primary metals and electrical machinery in-
creased $530 million and $245 million respec-
tively.


SHIPMENTS


. Shipments of durable goods increased $775
tiillion or 2.3 percent to $34.84 billion. Ship-
ments of nondurable goods increased $540 mil-
lion or 1.9 percent to $28.35 billion.


orders


for a few broad


The present report is based


on more complete reporting, but the estimates
are also considered preliminary. Final figures
will appear as historical data in the report to be
published for next month. The advance report
on durable goods for September is schedule for
release on October 24, 1972 and the full report
is scheduled for release on November 2, 1972.


For an explanation of terms used in this re-
port see appendix following table 5.
Inquiries concerning these figures should be
addressed to the U.S. Department of Commerce,


Social and
Bureau of
Washington,


Economic Statistics Administration,
the Census, Industry Division,


D.C.


20233.


REPORTS


Orders


and












OF MANUFACTURERS'


(Millions


of dollars)


Industry


group


All manufacturing
tries:


indus-


Total.....


Total,


Durable g

Stones

Primary


excluding


portation.......

oods industries,


trans-


total.


clay, and glass products.


metals,


t


Blast furnaces,
Nonferrous meta


All other primary


Fabricated


Metal


Machinery,


Engines


otal..... ....
steel mills.
Lls...........


metals....


metal products


cans, barrels,


except


electrical,


and turbines........


Farm machinery and equipment.


Construction,


mining,


material handlingequipment.


Metalworking


General


machinery......


industrial


Electrical machinery,


Electrical
distribute
industrial
Household a


machinery
total...


transmission and
on equipment and
apparatus.......
ppliances........


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


Communication


equipment.....


Transportation equipment,


Motor vehicles


Aircraft,


total


and parts....


missiles,


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


Shipbuilding


Instruments
products,


and railroad


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


Scientific and engineering..


All other
related


instruments and
products..........


All other durable


goods


industries...................


Nondurable


goods industries


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


Tobacco
Textile


products,


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


Paper and allied


Pulp,


paper


Paperboard
All other

Chemicals an


products,


con etc.aieS.......
containers.......


paper

d alli


containers..

ed products,


total.......- ..... ..........*


Industrial


chemetals,


except


pigments..................


Drugs,


soap,


Petroleum and


and toiletries.

coal products...


. -


Shipments


Total inventories


S Without seasonal .Without seasonal
Seasonally adjusted d Seasonally adjusted ajsm
adjustment adjustments


28.351


61,869

53,498

34,059

1.988


J '. .,-
541

538.


3,952


27,810


9,210


61,231

53,744

33,129

1.971


504

488


4,121


28.102


61,231


56,358

50,381

29,895

1,973

4,700
9 QQRi


1,802

494


989
490

499


3,761


26,463


54,253

48,277

28,129

1.833


1.525


971
479

492


3,701


26.124


104,569

88,492

68,127

2,338

9,726
5,396


103,505

87,586

67,427

2,282


7-220


9,087

2,053


2,486
1,484

1,002


6,393


36,078


9,156
844
727


104,106

88,012

68,018

2,295


16,094
4,283

9,138

2,013


1


03,446

87,719

67,485

2,307


9.064


100


GROUP












OF MANUFACTURERS'


(Millions


of dollars)


Industry


group


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


Ibtal,


excluding


portation.....


Durable g

Primary


oods industries,


metals,


t


Blast furnaces,
Nonferrous meta

Fabricated metal

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

Engines and tur


indus-


trans-

.total..
total.


otal.........

steel mills.
LiSs...........

products.....


electrical,


hines9......


Construction mining, and
material handling equipment.


Metalworking


machinery......


General industrial machinery.


Electrical

Electric


machinery,


total...


transmission


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


Communication

Transportation


Aircraft,


Shipbuilding


* equipment...*.

equipment,


missiles,


and railroad


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


All other durable


goods


industries.................


Nondurable


Industries


Industries


goods


industries


with unfilled


without unfilled


New orders


Unfilled


orders


Without seasonal Without seasonal
Seasonally adjusted adjustment Seasonally adjusted adjustment1
adjustment- adjustment-


3,501


5,728

352

941
483
447

4,621



1,004
623
420
1,040


8,415


1,901

609


6,973


27,840


7,616

20,224


3,569


5,452

439

906
416
489

4,706



848
696
526
918


6,638


2,059

449


7,557


28,591


7,716

20,875


57,930

51,154

31,457

4.793


6,981

19,492


3,275


4,746

448

791
326
427

4,129



788
568
404
1,106


6,026


1,555

568


6,529


26,046


6,845

19,201


9,886


13,954

3,793

2,588
1,143
1,250

14,387



4,010
127
611


79,241

55,361

75,667

7.563


78,608

54,775

75,064

7,242

d Iff


79,189

55.219


9,790


13,719

3,723

2,567
1,111
1,240

14,489



4,048
131
629
5,907


23,970


16,152

5,331


6,473


3,604


3,604


71,939

50,672

68,970

5,177


- Represents


~Preliminary.


Revised.


'Adjusted for trading-day and calendar-month











Table 2.--VALUE


OF MANUFACTURERS'


(Millions


AND ORDERS,
of dollars)


FOR MARKET


CATEGORIES


AND SUPPLEMENTARY


SERILS


Without seasonal Without seasonal
Seasonally adjusted adutet Seasonally adjusted adjustment
adjustment-* adjustment
Industry group -,.
Aug. July June Aug. July Aug. Aug. July June Aug. July Aug.
1972P 1972r 1972 1972p 1972r 1971 1972p 1972r 1972 1972p 1972r 1971

Shipments Total inventories


All manufacturing industries, total.. 63,186 61,869 61,231 61,231 56,358 54,253 104,569 103,888 103,505 104,106 103,446 100,872

Durable goods industries, total............ 34,835 34,059 33,129 32,627 29,895 28,129 68,127 67,645 67,427 68,018 67,485 65,997
Nondurable goods industries, total......... 28,351 27,810 28,102 28,604 26,463 26,124 36,442 36,243 36,078 36,088 35,961 34,875

Industry groups arranged by market
categories:
Home goods and apparel................... 6,314 6,123 6,235 6,878 5,769 6,094 11,432 11,372 11,288 11,460 11,597 10,694
Consumer staples......................... 12,036 11,802 11,994 12,047 11,348 11,003 14,194 14,071 13,931 13,974 13,689 13,408
Equipment and defense products, except
automotive.............................. 8,901 8,934 8,890 8,519 8,193 7,567 26,969 26,800 26,744 26,818 26,785 26,114
Automotive equipment...................... 6,381 6,254 5,526 4,531 4,081 4,308 5,631 5,633 5,533 5,688 5,307 5,451
Construction materials, supplies, and
intermediate products................... 5,597 5,442 5,447 5,913 5,403 5,251 8,327 8,174 8,181 8,293 8,226 8,301
Other materials and supplies and
intermediate products................... 23,957 23,314 23,139 23,343 21,564 20,030 38,016 37,838 37,828 37,873 37,842 36,904

Supplementary series:2
Household durable goods industries....... 3,060 2,902 2,841 3,236 2,599 2,588 5,286 5,277 5,220 5,318 5,362 4,982
Capital goods industries................ 10,493 10,480 10,389 9,997 9,604 8,839 30,303 30,138 30,116 30,159 30,157 29,449
Nondefense............................. 8,787 8,677 8,750 8,291 7,904 6,982 24,636 24,453 24,476 24,449 24,390 24,662
Defense*............................... 1,706 1,803 1,639 1,706 1,700 1,857 5,667 5,685 5,640 5,710 5,767 4,787

New orders Unfilled orders


All manufacturing industries, total.. 64,300 62,504 63,734 61,900 57,930 54,417 80,344 79,241 78,608 79,855 79,189 71,939

Durable goods industries, total............ 35,900 34,664 35,613 33,309 31,457 28,371 76,723 75,667 75,064 76,265 75,585 68,970
Nondurable goods industries, total......... 28,400 27,840 28,121 28,591 26,473 26,046 3,621 3,574 3,544 3,590 3,604 2,969

Industry groups arranged by market
categories:
Home goods and apparel................... 6,300 6,036 6,318 6,847 5,818 6,115 2,504 2519 2,607 2,624 2,660 2,270
Consumer staples......................... 12,035 11,805 11,978 12,043 11,346 11,004
Equipment and defense products, except
automotive.............................. 8,824 8,819 10,501 8,348 9,132 7,63440,707 4051 40,785 40,863 40980 37,874
Automotive equipment..................... 6,419 6,332 5,499 4,588 4,196 4,313
Construction materials, supplies, and
intermediate products................... 5,621 5,534 5,544 5,918 5,421 5,153 9,590 9,567 9,474 9,580 9,575 9,624
Other materials and supplies and
intermediate products................... 25,101 23,978 23,894 24,156 22,017 20,198 27,543 26,404 25,742 26,788 25,974 22,171

Supplementary series: 2
Household durable goods industries....... 3,036 2,807 2,925 3,216 2,648 2,626 2,041 2,064 2,162 2,180 2,200 1,923
Capital goods industries................. 10,621 10,617 12,172 10,053 10,761 9,023 46,901 46,779 46,637 47,024 46,972 43,114
Nondefense............................. 9,130 9,100 9,228 8,655 8,362 7,101 27,086 26,747 26,322 27,091 26,730 25,563
Defense*............................... 1,491 1,517 2,944 1,398 2,399 1,922 19,815 20,032 20,315 19,933 20,242 17,551


*During


1968 manufacturers


in ordnance,


communications,


aircraft


and aircraft


parts,


and shipbuilding


industries


began to


provide


aggre-


gate figures
included in
variations;


on shipment
the defense


unfilled


s, orders,
series.


orders


and total inve
Preliminary.


and inventories


ntories
r


of work performed


Revised.


as of end of month.


for the Department


-Shipments


new orders


supplementary


series


of Defense.
adjusted fo


The results
ir trading-day


are regroupings


of these reports a
and calendar-month


of the separate


industry


categories


as follows:


Household


durable


goods industries


- Household


furniture;


kitchen


articles


and pottery;


cutlery,


handtools,


and hardware;


household


appliances;


Capital


goods


Products
Nondefense


ophthalmic
industries


(old seri
products


es)


goods,


watches,


- The capital


and clocks;


goods


industries


and miscellaneous


series


personal


is comparable


goods.


to the previous


Producers


categories.


- Machinery, except electrical (excluding


farm machinery


and equipment


and machine


Capital

shops),


Goods and the Defense


electrical


machinery


(excluding
equipment,


Defense


household appliances and electronic components),


communication


products


communications,


- Based
aircraft


* equipment,
on separate


t


and aircraft


aircraft and aircraft parts,


reports


parts,


on defense


and the nondefense


portions


of shipbuilding


and repairing


and railroad


and ordnance.


filed by large


and shipbuilding.


defense


contractors


The data are comparable


in the following


to those published


industries:


annually in


ordnance,


the MA-175,


Industries, for the specified industries.











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 July- June- May- Avere Ar
Average Average
Aug. July June May 1972- Feb. 1972- Nov. 1971- Aug. 1971- rise decline
rise decli ne
1972 1972 1972 Aug. 1972 May 1972 Feb. 1972 Aug. 1972


Shipments:
All manufacturing industries.......... +2.1 +1.0 -0.3 +0.9 +1.2 +1.0 +1.1 +1.3 -1.2

Durable goods industries, total......... +2.3 +2.8 -1.7 +1.1 +1.7 +1.3 +1.3 +2.1 -1.8
Nondurable goods industries, total...... +1.9 -1.0 +1.4 +0.8 +0.7 +0.7 +0.8 +0.8 -0.5

Total inventories:
All manufacturing industries.......... +0.7 +0.4 +0.7 +0.6 +0.2 +0.2 +0.3 +0.5 -0.2

New orders:
All manufacturing industries.......... +2.9 -1.9 +2.8 +1.3 +1.2 +1.0 +1.3 +1.9 -1.2
Durable goods industries, total......... +3.6 -2.7 +3.8 +1.6 +1.9 +1.3 +1.7 +2.9 -2.6
Nondurable goods industries, total...... +2.0 -1.0 +1.5 +0.8 +0.5 +0.8 +0.8 +0.9 -0.5

Unfilled orders:
Durable goods industries, total......... +1.4 +0.8 +3.4 +1.9 +0.8 +0.5 40.9 +0.8 -1.1












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

(Millions of dollars)

Without seasonal Without seasonal
Seasonally adjusted adjustment Seasonally adjusted adjustment
adjustment adjustment
Industry group -,,
Aug. July June Aug. July Aug. Aug. July June Aug. July Aug.
19729P 1972r 1972 1972P 1972r 1971r 1972P 1972r 1972 1972P 1972r 1971r

Total Materials and supplies

All manufacturing industries, total.. 104,569 103,888 103,505104,106 103,446 100,872 32,736 32,852 32,439 32,783 32,687 32,998
Durable goods industries, total............ 68,127 67,645 67,427 68,018 67,485 65,997 19,161 19,256 18,804 19,460 19,290 20,035
Stone, clay, and glass products.......... 2,338 2,285 2,282 2,295 2,307 2,267 777 766 780 776 768 770
Primary metals........................... 9,726 9,709 9,696 9,625 9,557 8,884 3,481 3,499 3,543 3,555 3,460 3,456
Machinery (electrical and nonelectrical). 23,667 23,488 23,431 23,584 23,509 23,478 6,226 6,208 6,180 6,276 6,322 6,424
Transportation equipment..... ..... ..... 16,077 15,999 15,919 16,094 15,727 15,109 2,607 2,789 2,728 2,646 2,593 3,208
All other durable goods industries....... 16,319 16,164 16,099 16,420 16,385 16,259 6,070 5,994 5,573 6,207 6,147 6,177
Nondurable goods industries, total......... 36,442 36,243 36,078 36,088 35,961 34,875 13,575 13,596 13,635 13,323 13,397 12,963
Chemicals and allied products............ 6,712 6,717 6,690 6,666 6,733 6,637 2,294 2,300 2,285 2,288 2,311 2,334
Petroleum and coal products.............. 2,261 2,228 2,213 2,258 2,217 2,310 514 527 540 515 528 547
Rubber and plastics products, n.e.c...... 2,207 2,252 2,252 2,172 2,214 2,070 628 632 630 641 642 639
All other nondurable goods industries.... 25,262 25,046 24,923 24,992 24,797 23,858 10,139 10,137 10,180 9,879 9,916 9,443

Work in process Finished goods

All manufacturing industries, total.. 36,743 36,219 36,394 36,709 36,207 34,519 35,090 34,817 34,672 34,614 34,552 33,355
Durable goods industries, total............ 31,255 30,786 30,982 31,193 30,726 29,229 17,711 17,603 17,641 17,365 17,469 16,733
Stone, clay, and glass products.......... 303 298 297 295 299 306 1,258 1,221 1,205 1,224 1,240 1,191
Primary metals............................. *..* 3,390 3,354 3,329 3,317 3,302 3,013 2,855 2,856 2,824 2,753 2,795 2,415
Machinery (electrical and nonelectrical). 10,475 10,384 10,402 10,464 10,324 10,345 6,966 6,896 6,849 6,844 6,863 6,709
Transportation equipment i r..... s........ 11,988 11,779 11,779 11,988 11,763 10,490 1,482 1,431 1,412 1,460 1,371 1,411
All other durable goods industries....... 5,099 4,971 5,175 5,129 5,038 5,075 5,150 5,199 5,351 5,084 5,200 5,007
Nondurable goods industries, total......... 5,488 5,433 5,412 5,516 5,481 5,290 17,379 17,214 17,031 17,249 17,083 16,622
Chemicals and allied products............ 1,024 1,011 1,023 1,016 1,011 974 3,394 3,406 3,382 3,362 3,411 3,329
Petroleum and coal products.............. 512 489 480 503 494 477 1,235 1,212 1,193 1,240 1,195 1,286
Rubber and plastics products, n.e.c...... 337 344 343 342 343 319 1,242 1,276 1,279 1,189 1,229 1,112
All other nondurable goods industries.... 3,615 3,589 3,566 3,655 3,633 3,520 11,508 11,320 11,177 11,458 11,248 10,895

PPreliminary.
Revised.


data)












INVENTORIES TO SHIPMENTS


(Based


on seasonally adjusted data)


Ie s. rUnfilled orders shipments ratiot
Inventories shipments ratio
(months' backlog)
Industry group
Aug. July June Aug. Aug. July June Aug.
1972P 1972r 1972 1971r 1972P 1972r 1972 1971r


All manufacturing industries, total.................. 1.65 1.68 1.69 1.79 2.13 2.14 2.14 2.22

Durable goods industries, total............................ 1.96 1.99 2.04 2.14 2.55 2.58 2.58 2.71

Stone, clay, and glass products......................... 1.10 1.15 1.16 1.34 (NA) (NA) (NA) (NA)
Primary metals........................................... 1.83 1.90 1.95 2.38 1.54 1.48 1.46 1.48
Fabricated metals....................................... 2.13 2.15 2.13 2.32 3.29 3.40 3.28 3.37
Machinery, except electrical............................. 2.41 2.42 2.40 2.78 2.49 2.47 2.43 2.50
Electrical machinery...................................... 2.13 2.15 2.17 2.37 3.02 3.05 3.11 3.37
Transportation equipment................................. 1.91 1.91 2.13 1.79 5.47 5.51 5.76 5.62
Instruments and related products......................... 2.45 2.35 2.51 2.46 (NA) (NA) (NA) (NA)

Nondurable goods industries, total......................... 1.29 1.30 1.28 1.36 0.47 0.47 0.46 0.43

Food and kindred products................................ 1.01 1.01 0.99 1.05 (X) (X) (X) (X)
Tobacco products......................................... 4.32 4.35 4.37 4.26 (X) (X) (x) (X)
Textile mill products.................................... 1.62 1.64 1.56 1.75 (NA) (NA) (NA) (NA)
Paper and allied products............................... 1.15 1.15 1.16 1.23 (NA) (NA) (NA) (NA)
Chemicals and allied products............................ 1.37 1.43 1.40 1.53 (X) (X) (X) (X)
Petroleum and coal products.............................. 0.95 0.94 0.97 1.08 (X) (X) (X) (x)
Rubber and plastics products, n.e.c...................... 1.44 1.58 1.56 1.48 (X () (X) (x)) ()


(NA) Not available


~Pre1iminary.


'Excludes the following industries with


Revised. (XJ
no unfilled orders:


Not applicable.
Wooden containers;


glass containers;


metal cans


barrels


and drums;


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


coal products; and


motor


GROUP










Appendix


The following is a description of the survey and


definitions used.


EXPLANATION OF TERMS


These are provided to clarify


the meaning
represent ax


of the items


involved and do not


revisions from those definitions


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


previously employed.


reported


in the


ASM


which


are received


DESCRIPTION OF THE SURVEY


receivable net selling values, f.o.b.


discounts


plant, after


and allowances and excluding freight


The Manufacturers'


Shipments,


Inventories,


and Orders survey provides monthly figures that
are comparable to the annual totals published each
year in the annual survey of manufactures (ASM).
The ASM is based on a sample of approximately
60,000 manufacturing establishments drawn from
the 5-year census universe of about 310,000 estab-


lishments.


the ASM,


each


manufacturing


establishment provides data on employment, pay-


rolls,


shipments,


penditures, an
selected items.
information on


cost of materials,


inventories


as wel


capital ex-
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.


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 by other


industries within the industry group.


With the ex-


ception of motor vehicles, it is not significant at


the 4-digit SIC group


dustry cat
industries,


level.


Since the M3-1 in-


*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


companies in each industry.


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 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,
i


it is assumed that the month-to-month


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


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


end-of-year inventories in the ASM.


In the ASM,


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


ventories


from


one period


to the next are of


greater significance than the actual aggregates.

Inventories are reported by staw ffh


cation:


and (c)
inventories


. ..


New Orders Received


UNIVERSITY OF FLORIDA
IIII I I IllIIIII lI Ill Ill
3 1262 08589 4375

and Unfilled Orders--


Orders as reported in the monthly survey are net


of cancellations during the month.


They include


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


for future delivery.


They also include the net


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


specific
cluded.


lly


authorized


to be expended are in-


The respondent is instructed to deduct


the sales value of partial 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


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


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


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


derived from the shipments plus net change in
unfilled orders for each industry category. This
procedure is followed for seasonallyadjusteddata
as well as for the unadjusted data. Shipments and
unfilled orders are seasonally adjusted independ-


processing,


the same type of commodity may be


included under different inventory categories in
the aggregate statistics.


ently.


Seasonally adjusted new orders are derived


from seasonally adjusted shipments
sonally adjusted unfilled orders.


sea-


^


ri-