Current industrial reports

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Material Information

Title:
Current industrial reports
Portion of title:
Manufacturers' shipments, inventories, and orders
Physical Description:
v. : ; 28-29 cm.
Language:
English
Creator:
United States -- Bureau of the Census. -- Manufacturers' Shipments, Inventories, and Orders Branch
United States -- Bureau of the Census
Publisher:
U.S. Dept. of Commerce, the Bureau of the Census :
For sale by the Subscriber Services Section (Publications), Bureau of the Census
Place of Publication:
Washington, D.C
Creation Date:
September 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:
AA00008477:00060

Related Items

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

Full Text
C5~


M3-


CURRENT


A UNITED STATES
DEPARTMENT OF
COMMERCE
PUBLICATION


facturers'
ventories,


REPORTS


Shipments,


and


Orders


September


1972


MERCE Social and Economic Statistics Administration BUREAU OF THE CENSUS


FOR RELEASE:


November 2, 1972


SERIES:


M3-1(72)-9


SUMMARY


UNFILLED ORDERS


New


orders


for manufactured


September increased $1
to $65.50 billion from
Aigust after seasonal
September increased $2
td $63.60 billion from
Aigust. Unfilled ordei
or 2.4 percent to $82.21
tembet. Manufacturer


products


L.09 billion or 1.7 percent
$64.41 billion (revised) in
adjustment. Shipments in
245 million or 0.4 percent
$63.35 billion (revised) in
:s increased $1.91 billion


-I
. I


billion at the end of Sep-
s' inventories increased


$145 million or 0. 1 percent to $105.
the end of September. The invent


29 billion at
)ries to ship-


meats ratio remained unchanged at 1.66.


For the 3 months ending in Sept
average month-to-month change in n
wgs a 0.9 percent increase compared
percent increase for the 3 months endi
axd a 1.8 percent increase for the 3 mor
in March.


ember, the
ew orders
with a 1.4
ing in June
iths ending


Unfilled orders for durable goods increased
$1.86 billion or 2.4 percent to $78.55 billion at


the end of September
increases.


as all sectors reported


INVENTORIES


Inventories


of durable goods and nondurable


goods manufacturers increased
$70 million respectively in Se


$80 million and


ptember.


At the


all manufacturing level, materials and supplies
decreased $230 million, work inprocess increased
$205 million, and finished goods increased $170
million.
SCHEDULED RELEASE DATES

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


advance report on durable goods.


The advance


report is based on a tabulation of early reports


and is l1
orders,


limited to statistics on shipments, new
and unfilled orders for a few broad


NEW ORDERS
New orders for durable goods increased $1.06
billion or 3.0 percent to $36.79 billion. New
orders for the defense portion of capital goods
industries increased $765 million or 50.7 per-


cent over the unusually
$2.27 billion in September.


low August


figure


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 next month. The advance report
on durable goods for October is scheduled for
release on November 21, 1972 and the full report
is scheduled for release on December 1, 1972.


SHIPMENTS


Shipments of durable goods, primarily influ-
enced by primary metals, increased $215 million
or 0.6 percent to $34.92 billion. Shipments of
nondurable goods increased $30 million or 0.1
percent to $28.67 billion in September.


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 Economic Statistics Administration,


Bureau of the
Washington, D.C.


Census,
20233.


Industry


Division,


INDUSTRIAL











Table 1.--VALUE OF MANUFACTURERS' SHIPMENTS, INVENTORIES, AND ORDERS,

(Millions of dollars)


BY INDUSTRY GROUP


Industry group


All manufacturing indus-
tries:
Total.................


Total,


excluding


trans-


portation


Durable g

Stone, c

Primary


industries


total.


and glass products.


metals,


Blast furnaces,
Nonferrous meta
All other prima

Fabricated metal


Metal


Machinery,


Engines


:otal.........
steel mills.
ls...........


ry


metals....


products


cans, barrels,


except


electrical


and turbines........


Farm machinery and equipment.


Construction,


mining,


material handling equipment.


Metalworking


General


machinery......


industrial


machinery


Electrical machinery, total...


Electrical


transmission


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


Communication


equipment~...


Transportation equipment,


Motor vehicles


Aircraft,


total


and parts..


missiles,


Shipbuilding and


railroad


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


Instruments
products,


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


Scientific and


All other
related


engineering..


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


All other durable


goods


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


Nondurable


goods industries


Food and kindred


products,


total...............
Meat products......
Fats and oils......

Tobacco products.....
Textile mill products


* S S 5*~ S
**~ *S**SS
. S ~ S ~ S ~ ~


Paper and allied products,
total........................
Pulp, paper, etc............
Paperboard containers.......
All other paper containers..

Chemicals and allied products,
total......****............*.....


Industrial


chemcials,


except


pigments ............**.......


Drugs,


soap,


and toiletries.


Petroleum and coal products,..


tL .- .-


Drthham and nincti s.


Shipments


Total inventories


Without seasonal Without seasonal
Seasonally adjusted adjustment Seasonally adjusted a
adjustment adjust ment1


3.525


63,352
!~ *


/


877
682
459
1,157

8,159
5,336

1,978

533


1,042
530

512


4,114


28,642


61,635

53,498

33,825

1,988

5,103
2,370
2,047
686


3,323

424


5,564
388
531

909
423
450
4,679


880
631
468
1,169

8,137
5,326

1,979

565


1,079
541

538


3,952



27,810


9.210


1,894

524


1,047
523

524


4,340



28,895


9,450
2,193
550

540
2,434


2,420
987
699
734


4,808

1,444
1,544

2,408


58,199

50,951

31,029

1.813


1,536

557


1,073
513

560


3,737


27,170


8.920


105,285

89,174

68,620

2.364


7,394

672


13,696
1,307
1,196

2,541
1,185
1,163
10,250


2,201
1.,054
934
2.998

16.111
4, 215

9.,151

2.073


2,587
1.518

1,069


6,476


36,665


9,341
898
651

2,294
3,773


2,793
1,035


6.785


105.138

88,661

68.542

2,337

9,759
SIK


1,052


6,390


36,596


9,429
906


901


6,728

1,888
2,127

2,254


103,888

87,889

67,645

2,285


2,181
1,057
885
2,910

15 999
4,213

9,060

2,066


2,541
1,487

1.054


6,466


oc was


104.305

88,117

68,137

2,273


2,077


104.682z

88.178


2.294


2,468
1,161
1,152


6.682


1,873
2,148

2,251


100,485

85,402

65,656

2,212

9,143
4,914
3,391
838


7,526

752


13,485
1,124
1,013

2,585
1,170
1,160
9.786


t


I











Table 1.--VALUE


(Millions


of dollars)


Industry


group


All manufacturing
tries:
Total2.........


Total,


excluding


indus-


trans-


portation......


Durable g

Primary


oods industries,


total2


metals,


Blast furnaces


Nonferrous

Fabricated m

Machinery, e


Engines


total.........

, steel mills.


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

etal products.....


except


electrical,


and turbines ........


mining,


Construction,


material handling equipment.
Metalworking machinery.*......
General industrial machinery.


Electrical ma

Electrical
distribute
industrial
Household a


chinery,


total...


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


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


Communication


equipment.....


Transportation equipment,
total2...... ...... .. ..*..


Aircraft,


missiles,


parts..........*.*.******.


Shipbuilding


and railroad


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


All other durable


goods


industries................**


Nondurable


goods


industries


total.ndsr...es .t ....h.l.....

Industries with unfilled
orders.-.....................


Industries


without


- Represents
1Adjusted fo


unfilled


New orders


Unfilled


orders


Without seasonal Without seasonal
Seasonally adjusted adjustment' Seasonally adjusted adjustment
adjustment adjustmen


3,671


6,001

555

886
471
556

4,971



1,041
670
511
1,097


8,759


2,277

831


7,471


28,716


7,760

20.956


~Preliminary.


r trading-day


62,270

54,089

34,430

5.426


3,501


5,728

352

941
483
447

4,621



1,004
623
420
1,040


8,181


1,901

609


6,973


27,840


7,616

20,224


68,476

59,315

38,369

5,729


3,921


6,105

583

920
501
549

5,520



1,047
703
660
1,334


9,161


2,065

819


7,933


30,107


8,067

22.040


3,606


5,491

457

900
403
490

4,621



818
711
511
918


6,543


2,131

448


7,581


28,874


7,772

21,102


82,211

57,533

78,550

8,405

5,295
2,106

10.085


14,536



4,140
149
677
5,629


24,678


16,535

5,517


6,662


3,661


3.661


9,939


13,936

3,797

2,580
1,129
1,250

14,310



3,995
129
602
5.718


81,554

56,860

77,949

7.580


10,115


14,117

3,878


14,829



4,122
148
738
5,840


24,694


16,517

5,570


6,614


3,605


3.605


Revised.


and calendar-month


variations,


2Revised


through
sonally
seasonal


to reflect


September,


adjusted da
ly adjusted


corrections


the seasonal


to the seasonally


factors


ta for each of these


data compiled.


and shipments


months.


The revised


adjusted


motor vehicle


are projected


As the actual


figures


assembly


data.


During


on the basis of trade estimates


sales data


are received,


for the motor vehicles


the estimates


and parts industry


will


the model changeover period
of production to yield the


are replaced


appear


of July
same sea-


a new average


in the regular


report,


due to be released early in November.











Table 2.--VALUE OF MANUFACTURERS' SHIPMENTS, INVENTORIES,
(Millions


AND ORDERS, FOR MARKET CATEGORIES AND SUPPLERMNTARY SERIES
of dollars)


Without seasonal Without seasonal
Seasonally adjusted adjustment1 Seasonally adjusted adjustment
~adjus tment1 adj ustment
Industry group -
Sept. Aug. July Sept. Aug. Sept. Sept. Aug. July Sept. Aug. Sept.
1972P 1972r 1972 1972P 1972r 1971r 1972P 1972r 1972 1972P 1972r 1971r


________________________________________ _______ _______ _______ _______ _______I_______ _______ _______j 1972 1972P 1972T
Thtal inventories


All manufacturing


industries


total..,


Durable goods industries, total....
Nondurable goods industries, total.


Industry groups arranged by mar
categories:
Home goods and apparel.......
Consumer staples.............
Equipment and defense product
automotive..................
Automotive equipmentd........
Construction materials, supply
intermediate products.......
Other materials and supplies
intermediate products.......


ket

*....... .p... *
s, except


ies, and

and
....pa*..... S


Supplementary series:s
Household durable goods industries......
Capital goods industries................
Nondefense.......................* ....
Defense*. ....... .........* ......... .


All manufacturing industries,


total..


Durable goods industries, total............
Nondurable goods industries, total.........

Industry groups arranged by market
categories:
Home goods and apparel...................
Consumer staples.....................
Equipment and defense products, except
automotive..............................
Automotive equipment ....................
Construction materials, supplies, and
intermediate products.......... ........
Other materials and supplies and
intermediate products...................

Supplementary series:2
Household durable goods industries.......
Capital goods industries.................
Nondefense.............................
Defensee...............................


Shipments


58,199

31,029
27,170



6,159
11,718


105,285


105.138

68,542
36,596


103,888

67,645
36,243


8,174

37,838


104,305


100,485

65,656
34,829



10,577
13,631


8,161

36,764


4,906
29,420
24,509
4,911


New orders Unfilled orders


5,799

25,028


3,090
11,713
9,443
2,270


*During 1968 manufacturers in ordnance, communicate
gate figures on shipments, orders, and total inventor
included in the defense series. Preliminary.
variations; unfilled orders and inventories as of end
categories as follows:


62,270

34,430
27,840



6,036
11,805

8,819
6,098

5,534

23,978


ions, aircraft
les of work pe
rRevised.
of month.


68.476


and aircraft parts,


formed


2.604


28,098


and shipbuilding


for the Department


'Shipments and new
2The supplementary


of Defense.


industries


began


The results


to provide


aggre-


of these reports


usted for trading-day and calendar-month
regroupings of the separate industry


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.
Capital goods industries The capital goods industries series is comparable to the previous Producers' Capital Goods and the Defense
Products (old series) categories.
Nondefense products Machinery, except electrical (excluding farm machinery and equipment and machine shops), electrical machinery
(excluding household appliances and electronic components), and the nondefense portions of shipbuilding and repairing and railroad
equipment, communication equipment, aircraft and aircraft parts, and ordnance.
Defense products Based on separate reports on defense work filed by large defense contractors in the following industries: ordnance,
communications, aircraft and aircraft parts, and shipbuilding. The data are comparable to those published annually in the MA-175,
Shipments of Defense-Oriented Industries, for the specified industries.
'Revised to reflect corrections to the seasonally adjusted Lotor vehicle assembly data. During the model changeover period of July
through September, the seasonal factors and shipments are projected on the basis of trade estimates of production to yield the same sea-
sonally adjusted data for each of these months. As the actual sales data are received, the estimates are replaced and a new average of
seasonally adjusted data compiled. The revised figures for the motor vehicles and parts industry will appear in the regular report, M3-1,
due to be released early in November,












MONTH-TO-MONTH


3. -MANUFACTURERS'


(Based


on seasonally


adjusted


Item and industry


Shipments:
All manufacturing


Durable go
Nondurable


group


industries..


ods industries,


goods industries,


Total inventories:
All manufacturing
New orders:
All manufacturing


Durable
Nondurab


Unfilled
Durable


total.


total.


industries.....


industries.....


goods industries, to
le goods industries,


orders:
goods


industries,


tal........
total....


total.


.---I I


Month-to-month


Aug.-
Sept.
S1972


Average


monthly


rates of change


12 months


-- .4 -----I-


3 months


I __I I I t I I --


+0.1


42.4


+2.8


+1.2


+1.3


+0.4


+0.8


+1.5


+0.4


+1.6


+1.5


+0.3


+0.8


4.1.1


+0.3


Average


Average
rise


+1.3


+0.5


+0.8


__________ _________ _________ I i I


1966-1971


Average
decline


-1.2


-0.2


-1.1


Table 4.-VALUE


OP MAMJPACIIWE RB'


INVENTORIES


, BY STAGE OF FABRICATION,


BY INDUSTRY


(Millions


of dollars)


a s 1Without seasonal Without seasonal
Seasonally adjusted autnSeasonally adjusted adjustment
adjustment adjustment
Industry group
Sept. Aug. July Sept. Aug. Sept. Sept. Aug. July Sept. Aug. Sept.
1972 1972r 1972 1972p 1972r 1971r 1972p 1972r 1972 1972 1972r 1971r

Total Materials and supplies

All manufacturing industries, total.. 105,285 105,138 103,888104,305 104,682 100,485 32,959 33,190 32,852 33,114 33,242 32,581
Durable goods industries, total............ 68,620 68,542 67,645 68,137 68,444 65,656 19,221 19,519 19,256 19,663 19,823 19,614
Stone, clay, and glass products.......... 2,364 2,337 2,285 2,273 2,294 2,212 788 787 766 789 785 768
Primary metals.......................... 9,742 9,759 9,709 9,646 9,658 9,143 3,313 3,468 3,499 3,433 3,542 3,560
Machinery (electrical and nonelectrical). 23,946 23,688 23,488 23,689 23,604 23,271 6,397 6,262 6,208 6,367 6,311 6,256
Transportation equipment................. 16,111I 16,477 15,999 16,188 16,504 15,083 2,831 2,969 2,789 2,907 3,015 3,054
All other durable goods industries....... 16,457 16,281 16,164 16,341 16,384 15,947 5,892 6,033 5,994 6,167 6,170 5,976
Nondurable goods industries, total......... 36,665 36,596 36,243 36,168 36,238 34,829 13,738 13,671 13,596 13,451 13,419 12,967
Chemicals and allied products............ 6,785 6,728 6,717 6,660 6,682 6,528 2,334 2,306 2,300 2,309 2,300 2,299
Petroleum and coal products.............. 2,277 2,254 2,228 2,288 2,251 2,319 545 518 527 534 518 527
Rubber and plastics products, n.e.c...... 2,266 2,276 2,252 2,228 2,241 2,030 641 645 632 650 659 616
All other nondurable goods industries.... 25,337 25,338 25,046 24,992 25,064 23,952 10,218 10,202 10,137 9,958 9,942 9,525

Work in process Finished goods

All manufacturing industries, total.. 36,852 36,645 36,219 36,684 36,618 34,732 35,474 35,303 34,817 34,507 34,8ZZ 33,172
Durable goods industries, total............ 31,304 31,153 30,786 31,147 31,098 29,458 18,095 17,870 17,603 17,327 17,523 16,584
Stone, clay, and glass products.......... 303 303 298 288 295 294 1,273 1,247 1,221 1,196 1,214 1,150
Primary metals........................... 3,285 3,400 3,354 3,218 3,327 3,084 3,144 2,891 2,856 2,995 2,789 2,499
Machinery (electrical and nonelectrical). 10,596 10,521 10,384 10,553 10,510 10,332 6,953 6,905 6,896 6,769 6,783 6,683
Transportation equipment................ 11,803 11,832 11,779 11,860 11,837 10,657 1,477 1,676 1,431 1,421 1,652 1,372
All other durable goods industries....... 5,317 5,097 4,971 5,228 5,129 5,091 5,248 5,151 5,199 4,946 5,085 4,880
Nondurable goods industries, total......... 5,548 5,492 5,433 5,537 5,520 5,274 17,379 17,433 17,214 17,180 17,299 16,588
Chemicals and allied products............ 1,030 1,026 1,011 1,024 1,019 994 3,421 3,396 3,406 3,327 3,363 3,235
Petroleum and coal products.............. 499 511 489 500 502 491 1,233 1,225 1,212 1,254 1,231 1,301
Rubber and plastics products, n.e.c...... 345 348 344 350 354 317 1,280 1,283 1,276 1,228 1,228 1,097
All other nondurable goods industries.... 3,674 3,607 3,589 3,663 3,645 3,472 11,445 11,529 11,320 11,371 11,477 10,955

1Preliminary.
Revised.


data)


GROUP










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


(Based


on seasonally adjusted data)


S. Unfilled orders shipments ratios
Inventories shipments ratio -
(months' backlog)
Industry group
Sept. Aug. July Sept Sept. Aug. July Sept.
1972p 1972 1972 1971 1972r 1972 1972 1971r


All manufacturing industries, total.................. 1.66 1.66 1.69 1.82 2.15 2.12 2.14 2.20
Durable goods industries, total............................ 1.96 1.97 2.00 2.22 2.58 2.54 2.58 2.68
Stone, clay, and glass products.......................... 1.13 1.10 1.15 1.38 (NA) (NA) (NA) (NA)
Primary metals........................................... 1.73 1.81 1.90 2.30 1.49 1.51 1.48 1.46
Fabricated metals........................................ 2.10 2.12 2.15 2.32 3.24 3.31 3.40 3.39
Machinery, except electrical.......!.... ............... 2.38 2.39 2.42 2.65 2.47 2.46 2.47 2.39
Electrical machinery..................................... 2.16 2.14 2.15 2.36 3.06 3.01 3.05 3.40
Transportation equipment... .............................. 1.99 2.02 1.97 2.12 5.74 5.52 5.51 5.71
Instruments and related products......................... 2.52 2.45 2.35 2.42 (NA) (NA) (NA) (NA)
Nondurable goods industries, total......................... 1.28 1.28 1.30 1.36 0.47 0.47 0.47 0.43
Food and kindred products................................ 0.98 0.99 1.01 1.06 (X) (X) (X) (X)
Tobacco products............................. ............ 4.43 4.39 4.35 4.31 (X) (X) (X) (X)
Textile mill products.................................... 1.58 1.61 1.64 1.77 (NA) (NA) (NA) (NA)
Paper and allied products............................... 1.17 1.15 1.15 1.28 (NA) (NA) (NA) (NA)
Chemicals and allied products.................................. 1.43 1.39 1.43 1.48 (X X) (X) (X) (X)
Petroleum and coal products.............................. 0.94 0.94 0.94 1.08 (X) (X) (X) (X)
Rubber and plastics products, n.e.c...................... 1.41 1.47 1.58 1.47 (X) (X) (X) (X)


Not available.
ludes the following


Prelimina
industries


rRevised.
no unfilled


(x)
order:


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


Not applicable.
Wooden containers


; glass containers; metal cans,


apparel and related products; chemicals;


barrels


drums; motor


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 ani


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


ASM


which


are received


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 theannualtotalspublishedeach
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 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 workperformedby
employees of the plant; and value of research and
development performed at the plant. In the aircraft
industry and shipbuilding, the value of work done
in a given year varies considerablyfromthe value
of shipments because of the long lead time between
the input of the materials and labor and the ship-
ments of the completed aircraft or ship. In the


annual survey.


therefore, the value of work done


The monthly


survey


M3-1


does not provide


information at the complete SIC industry detail
because of the smaller size of the reportingpanel
and the fact that most companies cannot provide
shipments, inventories, and orders data monthly
for individual establishments.


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.


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


With the ex-


ception of motor vehicles, it is not significant at


the 4-digit SIC group level.


dustry cai
industries,


Since the M3-1 in-


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


reporting


typically


comprises


the entire


all manufacturing,


durable goods and nondurable


operations of 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 by using a
rnrnnonuci' in Qarnl-h 4nA.,ic,


link relative of matched


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


nnt i~~-nx nrvcti4~Ao l clnd-nn^ ro lrh^ia i-c


te




UNIVERSITY OF FLORIDA

81111 0III 111111111 1111111151111111211111l fi
8 3 1262 O8589 4524


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


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 ofthe 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.


Inven


cation:
and (c)
inventor


stories are reported by stage of fabri-
(a) finished goods; (b) work in process;


m
ies.


materials, s
In using


applies, fue]
inventories


and other
by stage of


fabrication at the all manufacturing and 2-digit
industry levels as well as for the durable and non-


New Orders Received


and Unfilled Orders--


Orders as reported in the monthly survey are net
of cancellations during the month. They include
orders received during the period and also filled
during the period as well as those orders received


for future delivery.


U 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


new orders


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


consistency,


only unfilled orders are estimated


durable goods sectors,


finished


it should be noted that a


product of one industry may be a raw


directly in the tabulated totals.


derived


New orders are


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 industries with successive stages of
processing,, 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.