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:
October 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:
AA00008477:00061

Related Items

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

Full Text

A UNITED STATES
DEPARTMENT OF
COMMERCE
PUBLICATION


cturers'
Intories,


CURRENT


Shipments,
and Orders


October


U. S. DEPI


1972


IERCE Social and Economic Statistics Administration BUREAU OF THE CENSUS


FOR RELEASE:


December 1, 1972


SERIES:


M3-1(72)-10


UNFILLED ORDERS


New orders for manufactured products in
October decreased $135 million or 0.2 percent to
$65.64 billion from $65.78 billion in September,
after seasonal adjustment. Shipments in October
increased $870 million or 1.4 percent to $64.77
billion. Unfilled orders increased $870 million
or 1,i percent to $83.05 billion at the end of
october. Manufacturers' inventories increased
$560 million or 0.5 percent to $106.00 billion at
the end of October. The inventories to ship-
ments ratio decreased from 1.65 to 1.64.


For the 3 months ending in October, the
average month-to-month change in new orders
was a 1.8 percent increase compared with a 0.3
pegent increase for the 3 months ending in July
:and a 1.0 percent increase for the 3 months ending
in: april.
NEW ORDERS
N.w orders for durable goods increased $195
million or 0.5 percent to $37.04 billion. In-
creases in new orders for motor vehicles and
pans ($560 million), electrical machinery ($135
million), and nonelectrical machinery ($137
nmpllion) were partially offset by decreases in
fabricated metal products ($170 million), primary
mntals ($112 million), and other durable goods
($410 million). The capital goods industries
supplementary series decreased $220 million as
a decrease in the defense portion ($545 million)
wds partially offset by an increase in the non-
defense portion ($325 million).

SHIPMENTS
Shipments of durable goods increased $1.18
billion or 3.4 percent to $36.22 billion inOctober.
Shipments of nondurable goods decreased $315
million or 1.1 percent to $28.55 billion inOctober.


Unfilled orders for durable goods increased
$825 million or 1.0 percent to $79.33 billion at
the end of October.

INVENTORIES
Inventories of durable goods and nondurable
goods manufacturers increased $450 million and
$115 million respectively in October. At the all
manufacturing level, materials and supplies in-
creased $195 million, work in process increased
$405 million and finished goods decreased $40
million.

SCHEDULED RELEASE DATES
The figures on the durable goods industries in
this report supersede those issued earlier in the
advance report 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 next month. The advance report
on durable goods for November is scheduled for
release on December 21, 1972 andthefull report
is scheduled for release on January 3, 1973.


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 Census, Industry Division,
Washington, D.C. 20233.


SUMMARY


INDUSTRIAL


REPORTS











OF MANUFACTURERS'


(Millions


of dollars)


Industry


group


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


Total,


Durable


excluding


goods industries,


Stone, clay,


Primary


indus-


trans-


total.


and glass products.


metals,


tot


Blast furnaces, s
Nonferrous metals
All other primary


Fabricated


al.........
teel mills.

metals....


metal products


Metal cans, barrels, and
drums ....... *.*....***


Machinery,


Engines


except


electrical


and turbines........


Farm machinery and equipment.


Construction,


minfrg,


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,


Shipbuilding


total


and parts....


missiles,


and railroad


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


Instruments
products,


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


Scientific and


All other
related


engineering..


instruments
products....


All other durable


and
.......


goods


industries...h......


Nondurable


goods industries


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

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


Tobacco
Textile

Paper a


products.


.......,.... .

products,


... ~ .....
.. .. a


mill products.........


nd allied


paper,


Paperboard
All other

Chemicals an


Industrial


products,


etc............


containers......
paper containers..


d allied


chemcials,


products,


except


pigments........... .....o


Drugs,

Petroleum
Rubber an


soap,


and toiletries.


and coal products...


d plastics


Shipments


Total inventories


S Without seasonal Without seasonal
Seasonally adjusted ustmenti Seasonally adjusted adjtment
_adj us tent1 ad ustment1


64,773

55,858

36,222

2.134


1,978

533


1,042
530

512


4,114


28.642


517
2,372


2,407
976
692
739


4,852


37,323

2,285

r m A


4,995


67,074

58,376


27.048


106,003

89,640

69,283

2,378


7.649


105,441

89,115

68,834


1,063


6,447


36,607


9,306
887
651


105,138

88,661

68,542

2,337


6,728


105,302

88,799

68,790


9,323


1.093


104,470

88,062

68,359

2,276

9,667
5,363
3,448
856


7,379

663


1,j4s

1,062


6,391


36,111


9,244
829
588


101,062

86,040

65,544

2.182


GEDUP


.











OF MANUFACTURERS'


(Millions


of dollars)


Industry


group


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


Total,


excluding


indus-


trans-


portationo...


Durable g

Primary


goods


industries


total.


metals,


Blast furnaces


Nonferrous

Fabricated m

Machinery, e


Engines


total.........

, steel mills.
als...........


met


etal products.....


xcept


electrical,


and turbines........


mining,


Construction,


material hdidling equipment.
Metalworking machinery.....
General industrial machinery.


Electrical me

Electrical
distributi
industrial
Household a


~cbinezy,


total..


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


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


Communication

Transportation


Sequipment.....

equipment,


total.......*.......E.......


Aircraft,


missiles,


parts...get.......,E......


Shipbuilding


and railroad


equipment.. S..S.......o....


All other durable


goods


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


Nondurable


Industries


goods- industries


with unfilled


orders......................


Industries
orders...


without


imfilled


New orders


Unfilled


orders


Without seasonal Without seasonal
Seasonally adjusted a Seasonally adjusted adjustment
Sel a e adjustment adj ustment


65,776

57,018

36,851

5.859


68,032

58,323

38.185


5.646


3.626


983
661
525
1,227


9,709


2,262

714


7,864


29,847


8,246

21.601


68,778

59,609

38,447

5.677


3,941


6,110

577

928
479
541

5,569



1,072
705
643
1,361


9,169


2,062

836


7,981


30,331


8,094

22,237


1,441

14,901



4,224
152
705
5,768


24,939


16,602

5,543


6,511


3,719


3.719


10,094


14,526

3.967


1,400

14,984



4,191
148
731
5,898


24,954


16,556

5,666


6,503


3,705


3,705


10,133


14,113

3,878

2,570
1,181
1,336

14,861



4,146
150
734
5,848


24,654


16,465

5,584


6,603


3,617


3.617


- Represents
Adjusted fo


zero. P
r trading-day


preliminary. Re
and calendar-month


variations.


2.995











Table 2.-VAIDEU


tip w~cqu'


SHIpumfIs,


I N VENTORI ~,


(Millions


AND ORDERS,
of dollars)


FOR RUflI


CATU3ORIS


AND SUPPLEMENTARY


SKEIn


Without seasonal Without seasonal
Seasonally adjusted itut ean1 Seasonally adjusted au e
adjustment1 adjustment
Industry group
Oct Sept Aug. Oct Sept Oct. Oct Sept. Aug. Oct Sept, Oct
1972 1972 197272 1972 1972 1971r 1972 1972r 1972 1972 1972 1971

Shipments Total inventories


All manufacturing industries, total.. 64,773 63,903 63,352 67,082 67,074 58,031 106,003 105,441 105,138 105,302 104,470 101,062

Durable goods industries, total............ 36,222 35,037 34,710 37,323 36,778 30,983 69,283 68,834 68,542 68,790 68,359 65,544
Nondurable goods industries, total......... 28,551 28,866 28,642 29,759 30,296 27,048 36,720 36,607 36,596 36,512 36,111 35,518

Industry groups arranged by market
categories:
Home goods and apparel................... 6,331 6,419 6,358 6,975 7,085 6,174 11,612 11,524 11,465 11,244 11,325 10,480
Consumer staples......................... 12,091 12,233 12,205 12,707 13,040 11,588 14,327 14,315 14,262 14,542 14,181 14,059
fqulpment and defense products, except
automotive......... .................... 9,326 9,032 8,968 9,294 9,210 8,085 27,444 27s282 27,026 27,354 27,059 26,059
Automotive equipment.................... 6,478 6,060 6,117 7,076 6,687 5,749 5,738 5,753 5,974 5,747 5,805 5,227
Construction materials, supplies, and
intermediate products................... 5,677 5,612 5,632 5,958 6,007 5,154 8,697 8,433 8,287 8,458 8,282 8,132
Other materials and supplies and
intermediate products................... 24,870 24,547 24,072 25,072 25,045 21,281 38,185 38,134 38,134 37,957 37,818 37,105

Supplementary series:'
Household durable goods industries....... 2,980 3,000 3,034 3,292 3,362 2,666 5,382 5,319 5,294 5,240 5,248 4,870
Capital goods industries................. 10,994 10,632 10,564 10,944 10,883 9,421 30,801 30,642 30,396 30,788 .30,463 29,505
Nondefense............................. 9,121 8,815 8,872 9,112 9,064 7,769 25,039 24,906 24,661 24,922 24,687 24,447
Defense.............................. 1,873 1,817 1,692 1,832 1,819 1,652 5,762 5,736 5,735 5,866 5,776 5,058

New orders Unfilled orders


All manufacturing industries, total.. 65,642 65,776 64,409 68,032 68,778 58,317 83,048 82,180 80,299 82,366 81,518 71,903

Durable goods industries, total............ 37,045 36,851 35,727 38,185 38,447 31,176 79,329 78,506 76,686 78,661 77,901 68,908
Nondurable goods Industries, total......... 28,597 28,925 28,682 29,847 30,331 27,141 3,719 3,674 3,613 3,705 3,617 2,995

Industry groups arranged by market
categories:
Home goods and apparel................... 6,403 6,523 6,350 6,943 7,169 6,136 2,672 2,604 2,510 2,690 2,713 2,216
Consumer staples......................... 12,087 12,225 12,204 12,717 13,040 11,609
Equipment and defense products, except
automotive.............................. 9,751 10,050 8,856 9,900 10,189 8,339 2 322 41s728 40,671 42,505 41873 38,004
Automotive equipment..................... 6,651 6,094 6,149 7,204 6,750 5,1777 4
Construction materials, supplies, and
intermediate products................... 5,631 5,790 5,666 5,866 6,232 4,986 9,733 9,778 9,601 9,724 9,815 9,322
Other materials and supplies and
intermediate products.................. 25,119 25,094 25,184 25,402 25,398 21,470 28,321 28,070 27,517 27,447 27,117 22,361

Supplementary series:2
Household durable goods industries....... 3,053 3,113 3,019 3,264 3,457 2,619 2,234 2,161 2,049 2,255 2,284 1,841
Capital goods industries................. 11,541 11,762 10,717 11,610 11,957 9,739 48,612 48,065 46,929 48,796 4i _12 43,163
Nondefense..................... 9,845 9,519 9,211 9,746 9,735 7,776 28,518 27,792 37,084 28,398 27,764 25,251
Defense .............. ...............* 1,696 2,243 1,506 1,864 2,222 1,963 20,094 20,273 19,845 20,398 20,368 17,912


*During 1
gate figures
included in
variations;


968 manufacturers


on shipments,


the defense


unfilled


in ordnance,


orders,


communications,


and total inventories of
Preliminary. rRevis


aircraft


and aircraft


work performed


series.


orders


and inventories


as of end of month.


parts,


and shipbuilding


for the Department


*Shipments


new orders


supplementary


series


industries


of Defense. Th
adjusted for tr
are regroupings


began


e results
ading ilay


to provide


ag~e-


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
excludingn


ophthalmic
industries


(old series)
products M
g household


goods,


watches,


- The capital
categories.


machinery,
appliances


except


and clocks;


goods


industries


and miscellaneous


series


electrical (excluding


and electronic


components),


personal


is comparable


goods.


to the previous


farm machinery and equipment
and the nondefense portions


Producers'


and machine


of shipbuilding


Capital

shops),


Goods and the Defense

electrical machinery


and repairing


and railroad


equipment,


Defense


communication


products


communications,


- Based o
aircraft


equipment,
n separate


and aircraft


aircraft


reports


parts,


and aircraft


on defense


parts,


and ordnance.


work filed by large


and shipbuilding.


The data


defense


contractors


are comparable


in the following


to those published


industries:


annually


ordnance,


in the MA-175,


Shipments of Defense-Oriented Industrich,











MONTH-TO-MONTH AND


(Based


on seasonally


adjusted


Month.to-month Average monthly rates of change Average, 1966.1971

Item and industry group Sept.- Aug.- July- 3 months 12 months
nrt-qpn- Aio -----I------I------ ------Average Average
Oct. Sept. Aug. uly 1972- Apr. 1972- Jan.-Apr. Oct. 1971. rise decline
1972 1972 1972 uyrs eln
Oct. 1972 July 1972 1972 Oct. 1972

Shipments:
All manufacturing industries.......... +1.4 +0.9 +2.8 +1.7 +0.2 +1.1 +1.2 +1.3 .1.2

Durable goods industries, total........ +3.4 +0.9 +2.6 +2.3 +0.3 +1.6 +1.6 +2.1 .1.8
Nondurable goods industries, total...... -1.1 +0.8 +3.0 +0.9 +0.2 +0.5 +0.8 +0.8 -0.5

Total inventories:
All manufacturing industries....... +0.5 +0.3 +1.2 +0.7 +0.5 +0.2 +0.4 +0.5 .0.2
New orders:
All manufacturing industries......... -0.2 +2.1 +3.4 +1.8 +o,0.3 +1.0 +1.3 +1.9 -1.2
Durable goods industries, total......... +0.5 +3.1 +3.8 +2.5 +0.5 +1.5 +1.7 +2.9 .2.6
Nondurable goods industries, total.... -1.1 +0.8 +3.0 +0.9 +0.2 +0.4 +0.8 +0.9 -0.5
Unfilled orders:
Durable goods industries, total........ +1.0 +2.4 +1.3 +1.6 +1.7 +0.7 +1.1 +0.8 -1.1






Table 4.--VALUE OF MANUFACTURERS' INVENTORIES, BY STAGE OF FABRICATION, BY INDUSTRY GROUP
(Millions of dollars)

Seasonally adjusted Without seasonal Without seasonal
Seasonally adjusted adjustment Seasonally adjusted adjustment
adjustment -adjustment
Industry group
Oct. Sept. Aug. Oct. Sept. Oct. Oct. Sept. Aug. Oct. Sept. Oct.
1972p 1972r 1972 1972p 1972r 1971r 1972 1972r 1972 1972 1972r 1971r

Total Materials and supplies

All manufacturing industries, total.; 100,003 105,441 105,138 105,302 104,470 101,062 33,373 33,179 33,190 33,437 33,138 32,691
Durable goods industries, total........... 69,283 68,834 68,542 68,790 68,359 65,544 19,621 19,468 19,519 19,754 19,713 19,355
Stone, clay, and glass products......... 2,378 2,367 2,337 2,252 2,276 2,182 792 791 787 787 792 754
Primary metals.......................... 9,656 9,761 9,759 9,657 9,667 9,265 3,432 3,457 3,468 3,575 3,578 3,544
Machinery (electrical and nonelectrical) 24,046 23,937 23,688 23,832 23,682 23,234 6,393 6,346 6,262 6,355 6,315 6,164
Transportation equipment................ 16,363 16,326 16,477 16,503 16,408 15,022 2,802 2,822 2,969 2,850 2,899 3,058
All other durable goods industries...... 16,840 16,443 16,281 16,546 16,326 15,841 6,202 6,052 6,033 6,187 6,129 5,835
Nondurable goods industries, total........ 36,720 36,607 36,596 36,512 36,111 35,518 13,752 13,711 13,671 13,683 13,425 13,336
Chemicals and allied products........... 6,804 6,751 6,728 6,656 6,626 6,524 2,313 2,331 2,306 2,292 2,306 2,289
Petroleum and coal products............. 2,254 2,272 2,254 2,290 2,284 2,354. 519 539 518 516 529 524
Rubber and plastics products, n.e.c..... 2,256 2,256 2,276 2,226 2,218 2,088 643 641 645 644 650 630
All other nondurable goods industries... 25,406 25,328 25,338 25,340 24,983 24,552 10,277 10,200 10,202 10,231 9,940 9,893

Work in process Finished goods
All manufacturing industries, total. 37,487 37,081 36,645 37,428 36,997 34,796 35,143 35,181 35,303 34,437 34,335 33,575
Durable goods industries, total........... 31,865 31,529 31,153 31,839 31,458 29,518 17,797 17.837 19,870 17,197 17,188 16,671
Stone, clay, and glass products......... 300 304 303 277 289 275 1,286 1,272 1,247 1,188 1,195 1,153
Primary metals.......................... 3,350 3,394 3,400 3,308 3,320 3,116 2,874 2,910 2,891 2,774 2,769 2,605
Machinery (electrical and nonelectrical) 10,697 10,635 10,521 10,680 10,594 10,376 6,956 6,956 6,905 6,797 6,773 6,694
Transportation equipment................ 12,105 11,998 11,832 12,207 12,060 10,571 1,456 1,506 1,676 1,446 1,449 1,393
All other durable goods industries...... 5,413 5,198 5,097 5,367 5,195 5,180 5,225 5,193 5,151 4,992 5,002 4,826
Nondurable goods industries, total........ 5,622 5,552 5,492 5,589 5,539 5,278 17,346 17,344 17,433 17,240 17,147 16,904
Chemicals and allied products........... 1,039 1,027 1,026 1,032 1,021 988 3,452 3,393 3,396 3,332 3,299 3,247
Petroleum and coal products............. 504 499 511 507 500 498 1,231 1,234 1,225 1,267 1,255 1,332
Rubber and plastics products, n.e.c..... 362 344 348 364 349 318 1,251 1,271 1,283 1,218 1,219 1,140
All other nondurable goods industries... 3,717 3,682 3,607 3,686 3,669 3,474 11,412 11,446 11,529 11,423 11,374 11,185

PPreliminary.
Revised.











OF MANUFACTURERS'


(Based


on seasonally


adjusted


Inventories shients ratio Unfilled orders shipments ratio1
Inventories shipments ratio
(months' backlog)
Industry group
Oct. Sept. Aug. Oct. Oct. Sept. Aug. Oct.
1972 1972r 1972 1971r 1972 1972r 1972 1971r

All manufacturing industries, total.................. 1,64 1.65 1.66 1.82 2.12 2.14 2.12 2.18
Durable goods industries, total............................ 1.91 1.96 1.97 2.20 2.52 2.57 2.54 2.65
Stone, clay, and glass products.......................... 1.11 1.14 1.10 1.35 (NA) (NA) (NA) (NA)
Primary metals........................................... 1.67 1.73 1.8. 2.17 1.44 1.48 1.51 1.40
Fabricated metals........................................ 2.16 2.11 2.12 2.36 3.24 3.25 3.31 3.39
Machinery, except electrical............................. 2.39 2.38 2.39 2.67 2.53 2.46 2.46 2.44
Electrical machinery..................................... 2.13 2.15 2.14 2.34 3.09 3.06 3.01 3.45
Transportation equipment................................. 1.84 2.00 2.02 2.11 5.13 5.68 5.52 5.57
Instruments and related products......................... 2.46 2.41 2.45 2.42 (NA) (NA) (NA) (NA)
Nondurable goods industries, total......................... 1.29 1.27 1.28 1.38 0.48 0.48 0.47 0.43
Food and kindred products................................ 1.00 0.97 0.99 1.08 (X) (X) (X) (X)
Tobacco products......................................... 4.44 4.53 4.39 4.29 (X) (X) (X) (X)
Textile mill products.................................... 1.75 1.56 1.61 1.72 (NA) (NA) (NA) (KA)
Paper and allied products................................ 1.14 1.17 1.15 1.30 (NA) (NA) (NA) (HA)
Chemicals and allied products............................ 1.38 1.39 1.39 1.53 (X) () (X) ((x)
Petroleum and coal products.............................. 0,95 0.93 0.94 1.06 (X) (X) (X) (x)
Rubber and plastics products, n.e.c...................... 1.47 1.42 1.47 1.52 (X) (X) (X) (x)


(NA) Not available.
tExcludes the following


Preliminary.


industries


with


Not applicable.


no unfilled


order:


Wooden


containers;


glass containers;


metal


barrels


and drums;


vehicle


assembly


operations;


foods and related


products;


tobacco;


apparel


and related


products;


chemicals;


petroleum


and coal


products;


rubber and plastics products,


motor


GROUP










Appendix


The following is a description of the survey and
definitions used. These are provided to clarify
the meaning of the items involved and do not
represent any revisions from those definitions
previously employed.

DESCRIPTION OF THE SURVEY

The Manufacturers' Shipments, Inventories,
and Orders survey provides monthly figures that
are comparable to the annual totals published each
year in the annual survey of manufactures (ASM).
The ASM is based on a sample of approximately
60,000 manufacturing establishments drawn from
the 5-year census universe of about 310,000 estab-
lishments. In the ASM, each manufacturing
establishment provides data on employment, pay-
rolls, shipments, cost of materials, capital ex-
penditures, and inventories as well as other
selected items. 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.

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.

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 unit typically comprises the entire
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 link relative of matched
companies in each industry.


EXPLANATION OF TERMS

Value of Shipments--Shipments in the monthly
survey are equivalent to value of shipments as
reported in the ASM which are received or
receivable net selling values, f.o.b. plant, after
discounts and allowances and excluding freight
charges and excise taxes. Included in shipments
are the value of all products sold, transferred to
other plants of the same company, or shipped on
consignment.

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

The value of shipments figures developed from
the ASM contain duplication at the all manufac-
turing and industry group levels since the products
of some industries are used as materials by other
industries within the industry group. With the ex-
ception of motor vehicles, it is not significant at
the 4-digit SIC group level. Since the M3-1 in-
dustry categories typically are groupings of
industries, 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
net sales to outside customers. Although this








definition of shipments in the monthly reports
differs from that used in the annual establishment
reports, it is assumed that the month-to-month
changes in company sales in the industry are
representative of the month-to-month shipments
of the establishments in the industry.


Inventories--End-of-month inventories in the
monthly survey are identical in definition to the
end-of-year inventories in the ASM. In the ASM,
respondents are asked to report inventories of
individual establishments at approximate current
cost if feasible; otherwise, "at bookvalues. 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 min in-
ventories from one period to the next are of
greater significance than the actual aggregates.

Inventories are reported by stage of fabri-
cation: (a) finished goods; (b) work in process;
and (c) materials, supplies, fuel, and other
inventories. In using inventories by stage of
fabrication at the all manufacturing and 2-digit
industry levels as well as for the durable and non-
durable goods sectors, it should be noted that a
finished product of one industry may be a raw
material for another industry at the next stage of
fabrication. Insofar as the durable andnondurable
goods sectors and also the2-digitindustry groups
contain industries with successive stages of
processing, the same type of commodity may be
included under different inventory categories in
the aggregate statistics.


UNIVERSITY OF FLORIDA

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8 3 1262 08589 4060


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