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:
February 1973
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:
AA00008477:00064

Related Items

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

Full Text

A UNITED STATES
DEPARTMENT OF
COMMERCE
PUBLICATION


Manufacturers
Inventories,


CU RREN INDUSTRIAL


Shipments,
and Orders


February


U. S. DEPARTMENT OF COMMERCE Sc


*s*~
economic 4


1973


Administration BUREAU OF THE CENSUS


FOR RELEASE:


March 30, 1973


10 A.M.


SERIES:


M3-1(73)-2


_0


SUMMARY


New orders for manufactured products in
February increased $960 million or 1.4 percent
to $70.80 billion from $69.84 billion in January
after seasonal adjustment. Shipments in February
in eased $645 million or 0.9 percent to $68.94
billion from $68.30 billion in January. Unfilled
oa ers increased $1.86 billion or 2.1 percent to
$8&,63 billion at the end of February. Manufac-
tur ers' inventories increased $905 million or
0.8 percent to $108.45 billion at the end of
February. The inventories to shipments ratio
remained unchanged at 1.57.


atlgustry ( lion) was partially offset by a
I^nj the transportation equipment
aJ 0) million). Shipments of non-
duig ods industries increased $520 million
or 1.7 percent to $30.76 billion in February.
UNFILLED ORDERS
Unfilled orders of durable goods increased
$1.63 billion or 2.0 percent to $84.22 billion at
the end of February. The increase in unfilled
orders for February was led by primary metals


($525 million), nonelectrical machinery
million) and fabricated metal products
million).


($390
($230


For the 3 months ending in February, the
average month to month change in new orders
increased 1.6 percent, compared with a 1.6
percent increase from the 3 months ending in
November and a 1.3 percent increase for the 3
months ending in August.


NEW ORDERS


New orders for durable goods increased $395
million or 1.0 percent to $39.81 billion in Feb-
ruary. The increase in new orders was primarily
attributable to increases in primary metals
($515 million), electrical machinery ($205 mil-
lion), and durable goods other than transportation
equipment and nonelectrical machinery. Large
decreases were reported in transportation equip-
ment ($505 million) and nonelectrical machinery
($275 million). Among the supplementary series,
new orders for household durables increased
$290 million whereas the capital goods industries
decreased $335 million. Within the capital goods
industries, the nondefense sector decreased $415
million but the defense sector increased $75
million.

SHIPMENTS

Shipments of durable goods increased $125
million or 0.3 percent to $38.18 billion in Feb-


INVENTORIES

Inventories of durable goods and nondurable
goods increased $540 million and $365 million
respectively in February. At the all manufac-
turing level, materials and supplies increased
$475 million, work in process inventories in-
creased $320 million and finished goods inven-
tories increased $110 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 present


report is based on more
the estimates are also
Final figures will appear
report to be published fo
report on durable goods
for release on April


complete reporting, but
considered preliminary.
Sas historical data in the
r next month.The advance
Sfor March is scheduled
20, 1973 and the full


report is scheduled for release on May 1,


For
report


explanation of terms
appendix following table


used


1973.
in this


Inquires concerning these figures should be
addressed to the U.S. Department of Commerce,
Social and Economic Statistics Administration,
Bureau of the Census, Industry Division, Wash-
-_S- fi r/\~ M


REPORTS









OF MANUFACTURERS,


(Millions


of dollars)


Industry


group


All manufacturing
tries:
Total..-........
Total, excluding
portation......


Durable g

Stone, C

Primary


industries

and glass p


metals,


indus -

*..e.emc.
trans-
...* tee*

, total.

products.


t


Blast furnaces,
Nonferrous meta


All other primary


Fabricated


Metal


Machinery,


otal.........
steel mills.
ils...........


metals...


metal products


cans, barrels,


except


electrical,


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


Engines


and turbines........


Farm machinery and equipment.


Construction,


mining,


material handling equipment.
Metalworking machinery......


General industrial
Electrical machinery,


Electrical
distribute
industrial
Household a


machinery
total...


transmission and
on equipment and
Sapparatus.......
Lppliances........


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


Communication


equipment.....


Transportation equipment,


Motor vehicles


Aircraft,


total


and parts.m. .


missiles,


parts....* ... ....... ....... .
Shipbuilding and railroad
equipment..................

Instruments and related
products, total..............
Scientific and engineering..
All other instruments and


related


products..........


All other durable


goods


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

Nondurable goods industries,
total.................* *........

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


Tobacco
Textile

Paper a


Pulp,


products


. C 4 9**C~~~ S S


mill products..


nd allied


products,


paper


Paperboard


, etc......s...,
containers.......


All other paper


Chemicals


Industrial


Drugs,

Petroleum
Rubber an


soap,


and alit


containers..

ed products,


chescials,


except


and toiletries.


and coal products...


d plastics


products,


All other nondurbhle


Shipments


Total inventories


Without seasonal o a Without seasonal
Seasonally adjusted Seasonally adjusted aj s adjustment1
adjustments1 J adjustmentI


68,943

59.739


2.224


3,655

502


6,046
443
586

1,052
448
455
5.298


30.761


5.381


68, 209
*
C
8~855

~3SO56

2,203


2,283

570


1,085
577

508


4,281


30.243


00,00d

57,996

36,378

2,119

.5 997
3,036
2,169
10n


*V
69,818

60,000

38^948

2,049

.6,'297.

2,338.,
816


30,870


10,138
2,307
684

506
2,534


2,597
,1,033
785
779


5,461

1,695
1,568

2,597

1,641


,<.>13

54,559

35,218.

1,909


4.833


59,865

51,891

32,611

1.780


108,454

91,513

71,173

2,335


2,799
983
863
953


6,788

1,869
2,229

2,144

2,359


107,549

90,729

70,632

2,372


6.813


107,047

90,323

70,144

2.381


2,309
1,061
941
2,971

16,724
4,292

9,474

2,296


108,989

91,974

71,386

2,402

9,547
5,095
3,478
974


7,730

752


107,817

90,895

70,535

2,377

9,713
5,297
3.461


2.393


1,091


6,759


37,282


9,704
873
890


102,685


GROUP









OF MANUFACTURERS'


(Millions


of dollars)


Industry


group


All manufacturing
tries:


Total,


excluding


portation.......


Durable g

Primary


oods industries,


metals,


indus-


traxis-

...total.
total.


t


Blast furnaces,
Nonferrous meta

Fabricated metal

Machinery, except


:otal.........

steel mills.
Is...........

products.....


electrical,


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


Engines


and turbines........


Construction,


mining,


material handling equipment.


Metalworking


machinery......


General industrial machinery.


Electrical ma

Electrical
distribute
industrial
Household a


tchinery,

transmiss
on equipmi


total...

ion and
ent and


- apparatus.......
Lppliances........


Radio and TVI................


Commuwnicat ion

Transportation


* equipment.....

equipment,


total..............***..........


Aircraft, mi
parts......
Shipbuilding


ssiles,


and railroad


equiJment..................


All other durable


goods


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


Nondurable


goods industries,


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


Industries


with unfilled


orders............a..a.....as..


Industries


- Represents
*Adjusted fo


without


munfilled


zero. P
r trading-day


New orders


Unfilled


orders


S Without seasonal Without seasonal
Seasonally adjusted adjustment1 Seasonally adjusted adjustment'


70,800


3,882


6,709

633

1,098
550
488

5,262



1,093
736
353
1,149


9,837


2,337

724


7,518


30,424


8,163

22,261


preliminary.
and calendar-mon


Feb.
1973p


61,034

52,869

33,568

5,353

2,705
1,959

3,303


5,600

489

902
412
449

4,603



998
622
387
1,041


8,165


1,700

666


6,544


27,466


7,489

19,977


15,455



4,507
139
673
5,718


25,531


16,626

5,773


6,656


4,411


4,411


10.557


16.033


15,281



4,437
144
601
5,703


25,404


16,699

5,668


6,469


4,179


4.179


10,364


15,522

4,374

2,794
1,361
1,536

15,342


90,017


Revised.
th variations.






Table 2.--VALUE


OF MANUFACTURERS'


SHIPMENTS,


INVENTORIES,


(Millions


AND ORDERS,
of dollars)


FOR MARKET


CATEGORIES


AND SUPPLEMENTARY


SERIES


Without seasonal Without seasonal
Seasonally adjusted adjustment Seasonally adjusted adjustment
adjustment1J J adjustment
Industry group
Feb. Jan. Dec. Feb. Jan. Feb. Feb. Jan. Dec. Feb. Jan. Feb.
1973 1973r 1972 1973' 1973r 1972 1973p 1973r 1972 1973p 1973r 1972

Shipments Total inventories

All manufacturing industries, total., 68,943 68,299 66,387 69,818 63,513 59,865 108,454 107,549 107,047 108,989 107,817 102,685

Durable goods industries, total........... 38,182 38,056 36,378 38,948 35,218 32,6M1 71,173 70,632 70,144 71,386 70,535 66,645
Nondurable goods industries, total......... 30,761 30,243 30,009 30,870 28,295 27,254 37,281 36,917 36,903 37,603 37,282 36,040

Industry groups arranged by market
categories:
Home goods and apparel................... 6,911 6,909 6,811 7,005 6,058 6,028 12,141 11,841 11,793 12,088 11,685 10,852
Consumer staples......................... 12,943 12,816 12,732 12,781 12,067 11,522 14,464 14,332 14,357 14,622 14,653 14,137
Equipment and defense products, except
automotive.............................. 9,708 9,970 9,455 9,997 9,047 9,196 28,754 28,509 28,206 28,793 28,412 26,570
Automotive equipment..................... 6,844 7,039 6,246 7,375 6,896 6,044 5,797 5,725 5,742 5,963 5,892 5,509
Construction materials, supplies, and
intermediate products................... 6,025 5,880 5,719 5,657 5,030 4,931 8,704 8,680 8,661 8,796 8,642 8,296
Other materials and supplies and
intermediate products................... 26,512 25,685 25,424 27,003 24,415 22,835 38,594 38,462 38,288 38,727 38,533 37,321

Supplementary series:2
Household durable goods industries....... 3,250 3,184 3,216 3,242 2,816 2,670 5,645 5,534 5,471 5,625 5,431 4,948
Capital goods industries................. 11,488 11,733 11,008 11,817 10,612 10,192 32,216 31,990 31,598 32,197 .31,820 29,774
Nondefense............................. 9,598 9,721 9,256 9,996 8,885 8,490 25,907 25,807 25,549 25,997 25,749 24,388
Defense ............................... 1,890 2,012 1,752 1,821 1,727 1,702 6,309 6,183 6,049 6,200 6,071 5,386

New orders Unfilled orders


All manufacturing industries, total.. 70,800 69,838 67,668 72,548 66,194 61,034 88,631 86,768 85,226 90,017 87,288 75,235

Durable goods industries, total............ 39,810 39,414 37,562 41,388 37,737 33,568 84,220 82,589 81,231 85,619 83,181 71,880
Nondurable goods industries, total......... 30,990 30,424 30,106 31,160 28,457 27,466 4,411 4,179 3,995 4,398 4,107 3,355

Industry groups arranged by market
categories:
Home goods and apparel.................. 7,046 6,817 6,732 7,165 5,981 6,065 2577 2,441 2,529 2,528 2362 2234
Consumer staples........................ 12,942 12,821 12,738 12,785 12,068 11,530
Equipment and defense products, except
automotive.............................. 10,243 10,415 10,381 10,644 9,782 8,723 5014 44,383 43752 45,315 44615 39615
Automotive equipment..................... 6,939 7,224 6,288 7,430 7,108 6,204
Construction materials, supplies, and
intermediate products................... 6,166 6,048 6,083 5,796 5,294 4,998 10,365 10,226 10,056 10,291 10,153 9,257
Other materials and supplies and
intermediate products................... 27,293 26,513 25,446 28,728 25,961 23,514 30,675 29,718 28,889 31,883 30,158 24,129

Supplementary series:2
Household durable goods industries....... 3,378 3,087 3,140 3,396 2,732 2,701 2,094 1,964 2,064 2,058 1,902 1,812
Capital goods industries................. 12,006 12,342 11,767 12,521 11,568 10,353 51,081 50,559 49,948 51,410 50,707 44,402
Nondefense............................. 10,019 10,433 10,072 10,609 9,823 8,668 30,952 30,528 29,814 31,084 30,472 25,279
Defense-................................ 1,987 1,909 1,695 1,912 1,745 1,685 20,129 20,031 20,134 20,326 20,235 19,123


.During


1968 manufacturers


in ordnance,


communications,


aircraft


and aircraft


parts, and shipbuilding


industries


began to


provide


aggre-


gate figures
included in
variations;


on shipments,


the defense


unfilled


orders,


series.


orders


and total inventories
PPreliminary. rR


and inventories


of work performed for
vised. tShipments


as of end of month.


the Department
and new orders


"The supplementary


series


of Defense.
adjusted fc


The results
r trading-day


are regroupings


of these reports at
and calendar-month


of the separate


industry


categories


as follows:


Household


durable


appliances;


goods


ophthalmic


industries


goods,


- Household


watches,


furniture;


and clocks;


kitchen


articles


and miscellaneous


and pottery;


personal


cutlery,


handtools,


and hardware;


household


goods.


Capital goo
Products
Nondefense
(excludin


ds industries The capital


(old series)


goods


industries


series


is comparable


to the previous


Producers'


categories.


products Machinery, except


household


appliances


electrical


and electronic


(excluding
components ,


farm machinery and equipment
and the nondefense portions


and machine


of shipbuilding


Capital

shops), e


Goods and the Defense


electrical


and repairing


machinery
and railroad


equipment,


Defense


communication


products


communications,


- Based o
aircraft


equipment, a
n separate re
and aircraft


aircraft


and aircraft


parts,


ports on defense work filed


parts,


and shipbuilding.


and ordnance.
by large defense


The data


contractors


are comparable


in the following


industries:


to those published annually in the


ordnance
MA-175,


Industries, for the specified industries.








Table 3.--MANUFACTURERS'


(Based


on seasonally


adjusted


Month-to-month Average monthly rates of change Average,1967-1972

3 months 12 months
Item and industry group Jan.- Nov.- Aeaevrg___ _e__________
Dec. 1972- Average Average
S Jan. 1973 Dc. Nov. 1972- Aug. 1972- May 1972- Feb. 1972- rise decline
1973 Jan 97 1972 Feb. 1973 Nov. 1972 Aug. 1972 Feb. 1973


Shipments:
All manufacturing industries......... +0.9 +2.9 -0.2 +1.2 +1.7 +1.1 +1.3 +1.3 -1.2

Durable goods industries, total........ +0.3 +4.6 -1.0 +1.3 +1.9 +1.0 +1.5 +1.9 -1.9
Nondurable goods industries, total..... +1.7 +0.8 +0.7 +1.1 +1.4 +1.1 +1.1 +1.0 -0.5

Total inventories:
All manufacturing industries......... +0.8 +0.5 +0.6 +0.6 +0.4 +0.8 +0.5 +0.5 0.2
New orders:
All manufacturing industries......... +1.4 +3.2 +0.1 +1.6 +1.6 +1.3 +1.4 +1.9 -1.3
Durable goods industries, total........ +1.0 +4.9 -0.2 +1.9 +1.7 +1.4 +1.7 +2.8 -2.4
Nondurable goods industries, total..... +1.9 +1.1 +0.5 +1.2 +1.5 +1.2 +1.1 +1.0 -0.6

Unfilled orders:
Durable goods industries, total........ +2.0 +1.7 +1.5 +1.7 +1.5 +1.8 +1.5 +0.9 -1.2











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

(Millions of dollars)
Without seasonal Without seasonal
Seasonally adjusted t Seasonally adjusted
adjustment adjustment
Industry group
17Feb. Jan. Dec. Feb. Jan. Feb. Feb. Jan. Dec. Feb. Jan. Feb.
1973 1973 1972 1973p 1973r' 1972 1973w 1973r 1972 1973 1973r 1972

Total Materials and supplies

All manufacturing industries, total.. L8,454 107,549 107,047 108,989 107,817 102,685 34,596 34,122 33,679 34,553 34,290 32,704
Durable goods industries, total............ 71,173 70,632 70,144 71,386 70,535 66,645 20,452 20,196 19,870 20,239 20,121 18,883
Stone, clay, and glass products.......... 2,335 2,372 2,381 2,402 2,377 2,318 801 801 772 807 798 768
Primary metals........................... 9,461 9,567 9,619 9,547 9,713 9,482 3,502 3,520 3,465 3,407 3,561 3,510
Machinery (electrical and nonelectrical). 25,126 24,917 24,552 25,154 24,718 23,270 6,812 6,780 6,625 6,780 6,714 6,180
Transportation equipment.................. 16,941 16,820 16,724 17,015 16,922 15,492 2,718 2,739 2,734 2,744 2,775 2,825
All other durable goods industries....... 17,310 16,956 16,868 17,268 16,805 16,083 6,619 6,356 6,274 6,501 6,273 5,600
Nondurable.goods industries, total......... 37,281 36,917 36,903 37,603 37,282 36,040 14,144 13,926 13,809 14,314 14,169 13,821
Chemicals and allied products............ 6,788 6,813 6,846 6,905 6,859 6,776 2,375 2,342 2,315 2,372 2,358 2,285
Petroleum and coal products.............. 2,144 2,154 2,200 2,120 2,167 2,190 510 516 533 513 523 519
Rubber and plastics products, n.e.c...... 2,359 2,319 2,332 2,406 2,331 2,206 654 630 661 647 624 614
All other nondurable goods industries.... 25,990 25,631 25,525 26,172 25,925 24,868 10,605 10,438 10,300 10,782 10,664 10,403

Work in process Finished goods

All manufacturing industries, total.. 38,892 38,574 38,349 38,990 38,581 35,543 34,966 34,853 35,019 35,446 34,946 34,438
Durable goods industries, total............ 33,197 32,952 32,693 33,279 32,942 30,163 17,524 17,484 17,581 17,868 17,472 17,599
Stone, clay, and glass products.......... 293 319 307 307 319 293 1,241 1,252 1,302 1,288 1,260 1,257
Primary metals........................... 3,358 3,332 3,336 3,445 3,409 3,183 2,601 2,715 2,818 2,695 2,743 2,789
Machinery (electrical and nonelectrical). 11,222 11,143 10,985 11,224 11,099 10,239 7,092 6,994 6,942 7,150 6,905 6,851
Transportation equipment................. 13,023 12,900 12,786 13,018 12,927 11,218 1,200 1,181 1,204 1,253 1,220 1,449
All other durable goods industries....... 5,301 5,258 5,279 5,285 5,188 5,230 5,390 5,342 5,315 5,482 5,344 5,253
Nondurable goods industries, total......... 5,695 5,622 5,656 5,711 5,639 5,380 17,442 17,369 17,438 17,578 17,474 16,839
Chemicals and allied products............ 1,046 1,051 1,056 1,060 1,051 1,029 3,367 3,420 3,475 3,473 3,450 3,462
Petroleum and coal products............. 482 474 463 476 467 471 1,152 1,164 1,204 1,131 1,177 1,200
Rubber and plastics products, n.e.c...... 373 378 376 371 378 331 1,332 1,311 1,295 1,388 1,329 1,261
All other nondurable goods industries.... 3,794 3,719 3,761 3,804 3,743 3,549 11,591 11,474 11,464 11,586 11,518 10,916


PPreliminary.
rRevised.


data)







OF MANUFACTURERS'


(Based


on seasonally


adjusted


e shp t Unfilled orders shipments ratio1
Inventories shipments ratio
(months backlog)
Industry group
Feb. Jan. Dec. Feb. Feb. Jan. Dec. Feb.
1973 1973 1972 1972 1973p 1973 1972 1972


All manufacturing industries, total.................. 1.57 1.57 1.61 1.73 2.15 2.13 2.21 2.10
Durable goods industries, total............................ 1.86 1.86 1.93 2.07 2.55 2.52 2.65 2.54
Stone, clay, and glass products.......................... 1.05 1.08 1.12 1.17 (NA) (NA) (HA) (NA)
Primary metals...-............... ........ .... ..... ...... 1.53 1.64 1.60 1.96 1.51 1.52 1.41 1.27
Fabricated metals........................................ 2.14 2.07 2.17 2.27 3.42 3.23 3.39 3.40
Machinery, except electrical............................. 2.38 2.29 2.34 2.58 2.72 2.59 2.57 2.47
Electrical machinery........ ............-...-............ 2.03 2.01 2,08 2.13 2.92 2.87 3,07 3.02
Transportation equipment................................. 1.84 1.78 1.99 2.05 5.28 5.22 5.75 5.55
Instruments and related products......................... 2.41 2.37 2.39 2.62 (NA) (NA) (NA) (NA)
Nondurable goods industries, total......................... 1.21 1.22 1.23 1.32 0.55 0.52 0.51 0.46
Food and kindred products.............................**... 0.93 0.93 0.92 1.02 (X) (X) (X) (X)
Tobacco products.......................... -5..... ....*. 4.50 4.45 4.68 4.27 (X) (X) (x) (X)
Textile mill products.................................... 1.51 1.51 1.52 1.64 (NA) (NA) (NA) (KA)
Paper and allied products................................ 1.09 1.10 1.16 1.18 (NA) (NA) (NA) (NA)
Chemicals and allied products........................... 1.26 1.33 1.31 1.46 (X) (x) (x) (x)
Petroleum and coal products........................ ..... 0.84 0.86 0.87 1.00 (X) (X) (X) (S)
Rubber and plastics products, n.e.c............-......... 1.47 1.49 1.55 1.52 (X) (X) (X) (X)


Not available.


Excludes the


following


PPreliminary.
industries with


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


barrels


drums:


apparel and related products; chemicals; petroleum and coal products; and


motor


ORDERS









Appendix


The following is a description of the survey and


definitions us
the meaning


represent any


EXPLANATION OF TERMS


These are provided to clarify


of the items


involved and do not


revisions from those definitions


previously employed.


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


reported


in the


ASM


which


are received


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-


receivable net selling values, f.o.b.


discounts
charges ar


plant, after


and allowances and excluding freight
id excise taxes. Included in shipments


are the value of all products sold, transferred to
other plants of the same company, or shipped on
consignment.

Shipments also include receipts of establish-
ments in the industry for contract work performed


for others,


resales, receipts for miscellaneous


lishments.


In the ASM,


each


manufacturing


establishment provides data on employment, pay-


rolls, shipments,
penditures, and


selected items.


cost of materials,


inventories


as wel]


capital ex-
l as other


The establishments do not provide


information on unfilled orders or new orders.
Since the ASM is establishment based, it provides
data for each of the 425 manufacturing industries
in the Standard Industrial Classification System
(SIC) and area data for industry groups.


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


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 considerablyfromthevalue
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,.
during the year


therefore, the value of work done
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


Withtheex-


ception of motor vehicles, it is not significant at
the 4-digit SIC group level. Since the M3-1 in-


dustry cai
industries,


te


igories typically are groupings of
this duplication is significant for the


reporting
operations


unit typically


comprises


the entire


a company although many of the


larger diversified companies file separate divi-
sional type reports for their operations 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.


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 me 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, "atbook values." Since
different methods of inventory valuation are used
(LIFO, FIFO, etc.), the definition of the aggregate
inventories for establishments in an industry is


not precise.


ventories


from


The figures on the change in in-


one period


to the next are of


greater significance than the actual aggregates.


Inventories


cation:


are reported


by stage of fabri-


(a) finished goods; (b) work in process;
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 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.


-. a .1


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


for future delivery.


They also include the net


sales value of contract change documents which
increase or decrease the sales value of the un-
filled orders to which they relate. Orders include
only those supported by binding legal documents
such as signed contracts, or letter contracts. In


case


1A C
-
=
C
Io~I1
,-
-
V4) -
-
-
O -
-
W -
(ft
cc~


(ft
N) -


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


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.


derived


New orders are


from the shipments plus net change in


unfilled orders for each industry category. This
procedure is followed for seasonally adjusted data
as well as for the unadjusted data. Shipments and
unfilled orders are seasonally adjusted independ-


emily.


Seasonally adjusted new orders are derived


from seasonally adjusted shipments
sonally adjusted unfilled orders.


sea-


I