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:
March 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:
AA00008477:00065

Related Items

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

Full Text

CURRENT INDUSTRIAL


A UNITED STATES
DEPARTMENT OF
COMMERCE
PUBLICATION


Manufacturers'


Inventories,


REPORTS


Shipments,


and


Orders


March


. S. DEP IENT OF COM1ERCF.*z5


1973


kcial and Economic Statistics Administration BUREAU OF THE CENSUS


FOR RELEASE:


SERIES:


M3-1(73)-3


SUMMARY


New o
March inc
$73,04 bill
seasonal
creased $
billion fr
orders in
$91.95 bi:
turers' it


rders for
greased $2.
Lion from $7


manufactured
00 billion or


I products in
2.8 percent to


1.04 billion in February after


adjustment. Shipments in March in-
;655 million or 0.9 percent to $69.78
An $69.12 billion in February. Unfilled
creased $3.26 billion or 3.7 percent to
llion at the end of March. Manufac-
iventories increased $1.18 billion or


1.1 percent to $109.59 billion at the end of March.
The inventories to shipments ratio remained
Unchanged at 1.57.


responsible for the increase in nondurable goods
shipments.


UNFILLED ORDERS


Unfilled orders of durable goods increase
$3.12 billion or 3.7 percent to $87.46 billion at
the end of March. The March increase in unfilled


orders
($1.38
million
($450
million


was le
billion),


d by


primunary


nonelectrical


), shipbuilding and r
million) and electrical
0).


metals industries


machinery


railroad
machine


($620


equipment
ery ($305


INVENTORIES


For the 3 months ending in March, the average
month to month change in new orders increased
2.6 percent, compared with a 1.0percent increase
for the 3 months ending in September and a 1.1
percent increase for the 3 months ending in
December.


NEW ORDERS


New orders for durable goods increased $1.44
billion or 3.6 percent to $41.52 billion in March.
The increase inr new orders was primarily
attributable to increases in the primary metals
industries ($835million), nonelectricalmachinery
($385 million) and shipbuilding and railroad
equipment ($344 million).

SHIPMENTS


Shipments of durable goods increased $60
million or 0.2 percent to $38.39 billion in March.
The nonelectrical machinery industry increased
$185 million in shipments in March. This in-
crease was partially offset by small decreases


in several industries. Shipment
goods industries increased $595
percent to $31.38 billion in Ma
in shipments of food products ($
textile mill products ($140 million


:s of nondurable
million or 1.9
rch. Increases
345 million) and
) were primarily


Inventories


goods


increase


of durable goods and nondurable
d $825 million and $350 million


respectively in March.


At the all manufacturing


level, materials and supplies increased $140
million, work in process inventories increased
$560 million and finished goods inventories in-
creased $475 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 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 April is scheduled
for release on May 21, 1973 and the full report
is scheduled for release on May 31, 1973.

For an explanation of terms used in this report
see appendix following table 5.
Inquiries concerning these figures should be
addressed to the U.S. Department of Commerce,
Social and Economic Statistics Administration,
Bureau of the Census, Industry Division, Wash-
ington, D.C. 20233.


-N











OF MANUFACTURERS'


(Millions


of dollars)


Industry


group


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


Total,


excluding


portation......


Durable gi

Stone,

Primary


industries


indus-


trans-

....total.
Total.


and glass products.


metals,


t


Blast furnaces,
Nonferrous meta


All other primary


Fabricated


Metal cans,


otal........
steel mills
lis..........


metals...


metal products


barrels,


an...d.
and


drums...............


Machinery, except


Engines


electrical


and turbines.


Farm machinery and equipment.


Construction,


mining,


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


General i
Electrical
Electric


industriall machinery


machinery,


total...


transmission


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


Communication


equipment....


Transportation equipment, total


Motor vehicles


Aircraft,


Shipbuilding


and parts....


missiles, and


and railroad


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

Instruments and related
products, total..............


Scientific and


All other
related


engineering.,.


instruments and
products........


All other durable
industries,.......


Nondurable


goods


goods industries,


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

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


Tobacco
Textile

Paper a


Pulp,


products,


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


nd allied


paper,


products,


etc...


Paperboard containers......


All other

Chemicals a


paper


containers..


nd allied products,


total........


Industrial


chemcials,


except


pigments...


Drugs,;

Petroleum
Rubber an


soap,


and toiletries.


and coal products...


d plstic product


Shipments


Total inventories


SWithout seasonal .: Without seasonal
Seasonally adjusted adjustment Seasonally adjusted adjustment
adjustment1 adjustment1
_ _ _. '
I V .1
March Feb. Jan. March Feb. March March Feb. t Jan. March Feb. March
1973p 1973r 1973 1973P 1973r 1972 1973p 1973r 1973 1973p 1q97r IQ72


69.778


3.743


5.402


5.135


72,272


5.619


5.482


3.372


1,909

579


1,002
517

485


4,001


28,095


'i

109,591

92,488

71.941


2,436


108,414
S14,460


71,117

2,345


7.638


1,061


6,742


36,917


9,459
849
833


110,032

92.861


108,955

91,925

71,339

2.414


102,856

87,240

66,894


2.319


6.791










OF MANUFACTURERS'


(Millions


of dollars)


Industry


group


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


Durable

Primary


Total, excluding
portation...,.

goods industries,


metals,


y


Blast furnaces


met


etal


Nonferrous

Fabricated m

Machinery, e
total......

Engines an


Construction,


indus-


tranls-


total.....*..*

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

products.....


except electric


al,


. t i.. ..0 .... .

d turbines........


mining


material handling equipment.


Metalworking


machinery......


General industrial machinery.


Electrical machinery, total

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


Communication

Transportation


Aircraft,


Shipbuilding


l...

and
and
* a
.. .
....


equipment.....

equipment,


missiles,


and railroad


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


All other durable
industries......


Nondurable goods


Industries


goods


industries,


with unfilled


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


Industries


without


unfilled


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


New orders


Unfilled


orders


Without seasonal Without seasonal
Seasonally adjusted adjUStment Seasonally adjusted adjustment
adj ustment -- *adj ustment1


6.666


75,556


72,784


3,484


5,994

526

1,003
479
442

4,731



983
688
395
1,140


8,097


2,045

413


7,037


28,221


7,775

20,446


91,949

65,973

87,463

10,727

6,919
2,562

11,049


17,078

4,645

3,138


15,868



4,636
154
660
5,849


25,976


16,523

6,234


6,765


4,486


4,486


Feb.


88,691


8.845


93,359


15,851



4,645
167
637
5,852


26,116


16,750

6,095


6,844


4,483


4,483


- Represents


Preliminary.


Revised.


1Adjusted for trading-day and calendar-month







Table 2.--VALUE


OF MANUFACTURERS'


SRI RENTS,


INVEWmRIES,


(Millions


AND ORDERS,
of dollars)


FOR MARKET


CATEXIORIFS


AND SUPPLEMENTARY


SERIES


Without seasonal Without seasonal
Seasonally adjusted adjustment Seasonally adjusted adjustment
adjustment1 j adjustment
Industry group
Mar. Feb. Jan. Mar. Feb. Mar. Mar. Feb. Jan. Mar. Feb. Mar.
1973P 1973r 1973 1973P 1973r 1972 1973P 1973r 1973 1973p 1973r 1972

Shipments Total inventories

All manufacturing industries, total.. 69,778 69,123 68,299 72,272 69,995 62,380 109,591 L08,414 107,549 110,032 08,955 102,856

Durable goods industries, total............ 38,394 38,336 58,855 40,334 39,098 34,285 71,941 71,117 70,632 72,256 71,339 66,894
Nondurable goods industries, total......... 31,384 30,787 30,243 31,938 30,897 28,095 37,650 37,297 36,917 37,776 37,616 35,962

Industry groups arranged by market
categories:
Home goods and apparel................... 7,070 6,921 6,909 7,396 7,014 6,337 12,383 12,120 11,841 12,350 12,068 10,932
Consumer staples......................... 13,391 13,048 12,816 13,420 12,889 11,788 14,469 14,480 14,332 14,454 14,636 13,896
Equipment and defense products, except
automotive.............................. 9,859 9,693 9,970 10,507 9,979 9,058 28,939 28,692 28,509 29,105 28,734 26,715
Automotive equipment..................... 6,887 6,891 7,039 7,484 7,421 6,150 5,876 5,807 5,725 5,980 5,974 5,509
Construction materials, supplies, and
intermediate products................... 6,105 6,154 5,880 6,055 5,782 5,327 8,834 8,674 8,680 8,993 8,768 8,323
Other materials and supplies and
intermediate products.,.................. 26,466 26,416 25,685 27,410 26,910 23,582 39,090 38,641 38,462 39,150 38,775 37,481

Supplementary series:2
Household durable goods industries....... 3,307 3,271 3,184 3,428 3,262 2,858 5,674 5,636 5,534 5,662 5,617 4,998
Capital goods industries................. 11,577 11,460 11,733 12,233 11,788 10,692 32,524 32,200 31,990 32,629 32,182 29,957
Nondefense............................. 9,714 9,562 9,721 10,374 9,960 8,962 26,189 25,920 25,807 26,369 26,010 24,389
Defense............................... 1,863 1,898 2,012 1,859 1,828 1,730 6,335 6,280 6,183 6,260 6,172 5,568

New orders Unfilled orders


All manufacturing industries, total.. 73,043 71,042 69,838 75,556 72,784 63,059 91,949 88,691 86,768 93,359 90,076 75,914

Durable goods industries, total............ 41,522 40,087 39,414 43,469 41,663 34,838 87,463 84,345 82,589 88,876 85,744 72,433
Nondurable goods industries, total......... 31,521 30,955 30,424 32,087 31,121 28,221 4,486 4,346 4,179 4,483 4,332 3,481

Industry groups arranged by market
categories:
Home goods and apparel.................. 7,125 7,093 6,817 7,459 7,213 6,436 2,668 2,614 2,441 2,620 2,564 2,326
Consumer staples......................**... 13,392 13,047 12,821 13,413 12,893 11,781
Equipment and defense products, except
automotive.............................. 11,050 10,233 10,415 11,586 10,633 8,976 46,296 45,066 44,383 46,454 45,370 39,332
Automotive equipment..................... 6,930 7,032 7,224 7,490 7,522 6,087
Construction materials, supplies, and
intermediate products................... 6,346 6,302 6,048 6,390 5,928 5,531 10,615 10,374 10,226 10,635 10,300 9,461
Other materials and supplies and
intermediate products................... 28,200 27,335 26,513 29,218 28,595 24,248 32,370 30,637 29,718 33,650 31,842 24,795

Supplementary series:2
Household durable goods industries....... 3,359 3,439 3,087 3,480 3,456 2,937 2,182 2,132 1,964 2,146 2,095 1,891
Capital goods industries................. 12,773 11,998 12,342 13,318 12,516 10,797 52,297 51,104 50,559 52,517 51,435 44,507
Nondefense............................. 10,714 10,036 10,433 11,423 10,627 9,133 32,005 31,007 30,528 32,186 31,140 25,450
Defense ............................... 2,059 1,962 1,909 1,895 1,889 1,664 20,292 20,097 20,031 20,331 20,295 19,057


-During 1
gate figures
included in
variations;


968 manufacturers


on shipments,


the defense


unfilled


orders


in ordnance,


orders,


series.


communications,


and total inventories
PPreliminary. R


and inventories


aircraft


and aircraft


of work performed


evised.


as of end of month.


~Shipments


parts,


and shipbuildin


for the Department


new orders


2The supplementary


series


of Defense
adjusted


g industries be
e. The results
for trading-day


are regroupings


gan to


provide


aggre-


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
(excludin,


ophthalmic
industries


(old series)


goods,


watches,


- The capital
categories.


products Machinery, except


household


appliances


and clocks:;


goods


industries


electrical


and electronic


and miscellaneous


series


(excluding
components ,


personal


is comparable


goods.


to the previous Producers'


farm machinery and equipment
and the nondefense portions


Capital


and machine shops),
of shipbuilding and


Goods and the Defense


electrical
repairing


machinery
and railroad


equipment,


Defense


communication


products


equipment,


aircraft


and aircraft


- Based on separate reports on defense


communications, aircraft


and aircraft


parts,


parts,


work filed


and shipbuilding.


and ordnance.
by large defense


contractors


The data 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 Feb.- Jan,- _______ _______
Mar. Feb. Dec. 1972- Average Average
1973 1973 Jan. 1973 Dec. 1972- Sept.- June- Mar. 1972- rise decline
Mar. 1973 Dec. 1972 Sept. 1972 Mar. 1973

Shipments:
All manufacturing industries.......... +0.9 +1.2 +2.9 +1.7 +1.3 +1.5 +1.2 +1.3 -1.2

Durable goods industries, total........ +0.2 +0.7 +4.6 +1.8 +1.3 +1.9 +1.4 +1.9 -1.9
Nondurable goods industries, total..... +1,9 +1.8 +0.8 +1.5 +1.3 +0.9 +1.1 +1.0 -0.5

Total inventories:
All manufacturing industries......... +1.4 +0.8 +0.5 +0.9 +0.5 +0.6 +0.6 +0,5 -0.2

New orders:
All manufacturing industries......... +2.8 +1.7 +3.2 +2.6 +1.0 +1.1 +1.5 +1.9 -1.3
Durable goods industries, total........ +3.6 +1.7 +4.9 +3.4 +0.6 +1.2 +1.9 +2.8 -2.4
Nondurable goods industries, total..... +1.8 +1.7 +1.1 +1.5 +1.4 +0.9 +1.1 +1.0 -O.6
Unfilled orders:
Durable goods industries, total........ +3,7 +2.1 +1.7 +2.5 +1.2 +1.5 +1.7 +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 utmn Seasonally adjusted autm
adjustment adjustment
Industry group
Mar. Feb. Jan. Mar. Feb. Mar. Mar. Feb. Jan. Mar. Feb. Mar.
1973p 1973r 1973 1973p 1973r 1972 1973p 1973r 1973 1973p 1973r 1972

Total Materials and supplies

All manufacturing industries, total.. 109,591 108,414 107,549 110,032 108,955 102,856 34,702 34,561 34,122 34,643 34,521 32,372
Durable goods industries, total............ 71,941 71,117 70,632 72,256 71,339 66,894 20,455 20,337 20,196 20,227 20,127 18,754
Stone, clay, and glass products.......... 2,409 2,345 2,372 2,500 2,414 2,319 830 795 801 828 802 775
Primary metals............................. 9,388 9,483 9,567 9,403 9,569 9,518 3,468 3,527 3,520 3,325 3,432 3,447
Machinery (electrical and nonelectrical). 25,563 25,133 24,917 25,681 25,163 23,337 7,007 6,858 6,780 6,973 6,825 6,181
Transportation equipment.................. 17,103 16,954 16,820 17,171 17,030 15,616 2,698 2,719 2,739 2,722 2,746 2,828
All other durable goods industries....... 17,478 17,202 16,956 17,501 17,163 16,104 6,452 6,438 6,356 6,379 6,322 5,523
Nondurable goods industries, total......... 37,650 37,297 36,917 37,776 37,616 35,962 14,247 14,224 13,926 14,416 14,394 13,618
Chemicals and allied products............ 6,728 6,798 6,813 6,822 6,916 6,791 2,354 2,394 2,342 2,359 2,391 2,312
Petroleum and coal products.............. 2,163 2,162 2,154 2,142 2,137 2,165 520 513 516 520 516 521
Rubber and plastics products, n.e.c...... 2,352 2,324 2,319 2,398 2,371 2,239 645 638 630 624 631 625
All other nondurable goods industries.... 26,407 26,013 25,631 26,414 26,192 24,767 10,728 10,679 10,438 10,913 10,856 10,160

Work in process Finished goods

All manufacturing industries, total.. 39,497 38,936 38,574 39,612 39,038 35,882 35,392 34,917 34,853 35,777 35,396 34,602
Durable goods industries, total............ 33,688 33,262 32,952 33,878 33,349 30,396 17,798 17,518 17,484 18,151 17,863 17,744
Stone, clay, and glass products.......... 316 304 319 344 319 302 1,263 1,246 1,252 1,328 1,293 1,242
Primary metals........................... 3,294 3,338 3,332 3,356 3,425 3,242 2,626 2,618 2,715 2,722 2,712 2,829
Machinery (electrical and nonelectrical). 11,433 11,258 11,143 11,497 11,264 10,247 7,123 7,017 6,994 7,211 7,074 6,909
Transportation equipment................. 13,164 13,033 12,900 13;187 13,029 11,384 1,241 1,202 1,181 1,262 1,255 1,404
All other durable goods industries....... 5,4A1 5,329 5,258 5,494 5,312 5,221 5,545 5,435 5,342 5,628 5,529 5,360
Nondurable goods industries, total......... 5,809 5,674 5,622 5,734 5,689 5,486 17,594 17,399 17,369 17,626 17,533 16,858
Chemicals and allied products............ 1,077 1,059 1,051 1.074 1,073 1,046 3,297 3,345 3,420 3,389 3,452 3,433
Petroleum and coal products............... 484 476 474 486 470 473 1,159 1,173 1,164 1,136 1,151 1,171
Rubber and plastics products, n.e.c...... 375 376 378 372 374 335 1,332 1,310 1,311 1,402 1,366 1,279
All other nondurable goods industries.... 3,873 3,763 3,719 3,802 3,772 3,632 11,806 11,571 11,474 11,699 11,564 10,975


PPreliminary.
rRevised.


data)









OF MANUFACTURERS'


(Based


on seasonally


adjusted


ntoe sh t Unfilled orders shipments ratio'
Inventories shipments ratio
(months' backlog)
Industry group
Mar Feb. Jan. Mar. Mar. Feb. Jan. Mar.
1973 1973r 1973 1972 1973 1973r 1973 1972

All manufacturing industries, total.................. 1.57 1.57 1.57 1.70 2.21 2.14 2.13 2.08
Durable goods industries, total............................ 1.87 1.86 1.86 2.04 2.62 2.54 2.52 2.51
Stone, clay, and glass products.......................... 1.06 1.05 1.08 1.13 (NA) (NA) (NA) (NA)
Primary metals.... ....................................... 1.54 1.54 1.64 1.93 1.75 1.52 1.52 1.29
Fabricated metals........................................ 2.14 2.05 2.07 2.19 3.34 3.26 3.23 3.34
Machinery, except electrical............................. 2.32 2.36 2.29 2.51 2.72 2.71 2.59 2.45
Electrical machinery..................................... 2.08 2.04 2.01 2.10 3.00 2.95 2.87 2.97
Transportation equipment................................. 1.88 1.85 1.78 2.06 5.46 5.32 5.22 5.52
Instruments and related products......................... 2.37 2.33 2.37 2.52 (NA) (NA) (NA) (NA)
Nondurable goods industries, total......................... 1.20 1.21 1.22 1.30 0.54 0.54 0.52 0.46
Food and kindred products................................ 0.90 0.93 0.93 1.00 (x) (X) (X) (X)
Tobacco products.......... ........................... 4.55 4.50 4.45 4.32 (X) (X) (X) (X)
Textile mill products................................... 1.46 1.49 1.51 1.60 (NA) (NA) (NA) (NA)
Paper and allied products................................ 1.11 1.10 1.10 1.19 (NA) (NA) (NA) (NA)
Chemicals and allied products............................ 1.24 1.26 1.33 1.43 (X) (X) (X) (X)
Petroleum and coal products.............................. 0.84 0.86 0.86 0.94 (X) (X) (X) (X)
Rubber and plastics products, n.e.c...................... 1.51 1.49 1.49 1.49 (X) (X) (X) (X)


Not available.


1Excludes the


PPreliminary.


rRevised.


following industries with no unfilled


(x)
order:


Not applicable.
Wooden containers;


glass containers;


metal cans


barrels


and drums;


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


data)


motor


GROUP










Appendix


The following is a description of the survey and


EXPLANATION OF TERMS


definitions used.


These are provided to clarify


the meaning
represent ai


of the items


involved and do not


revisions from those definitions


previously employed.


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


reported


in the


ASM


which


are received


DESCRIPTION OF THE SURVEY


The Manufacturers'


receivable net selling values,


discounts and


f.o.b.


plant, after


allowances and excluding freight


charges and excise taxes.


Shipments,


Inventories,


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


lishments.


the ASM,


each


manufacturing


establishment provides data on employment, pay-
rolls, shipments, cost of materials, capital ex-


penditures, an
selected items.


inventories


as well


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.


Included in shipments


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

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


annual survey.


therefore, the value of work done


The monthly


survey


M3-1 does not provide


information at the complete SIC industry detail
because of the smaller size of the reporting panel
and the fact that most companies cannot provide
shipments, inventories, 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 bother


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,


te


Since the M3-1 in-


*gories 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
companies in each indus


link relative of matched


all manufacturing,


durable goods and nondurable


goods categories and the various market groups.
The significance of the duplication within the
specific M3-1 industry groups varies depending on
the 4-digit industry composition of these groups.
It is most pronounced in a few highly integrated
industry areas such as primary metals and motor
vehicles and parts.

Since most monthly reports are for the entire
company or major divisions rather than establish-
ments, the companies are requested to report net
sales, i.e., total company billings after discounts


and allowances.


Companies which file divisional


reports are requested to treat transfers 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 book 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


The figures on the change in in-


from


one period


to the next are of


greater significance than the actual aggregates.


Inven


cation:


stories are reported by stage of fabri-
(a) finished goods; (b) work in process;
materials, supplies, fuel, and other


New Orders Received


and Unfilled Orders--


Orders as reported in the monthly survey are net


of cancellations during the month.


They include


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


for future delivery.


They also include the net


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


to =
0') -
C -
i^^fi^^^^^^^^
CM". .. .
a ^^....^..*.^.




m^^^^^^^
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new orders


inventories.


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,


finished


it should be noted that a


product of one industry may be a raw


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


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 neworders arederived
from seasonally adjusted shipments and sea-
sonally adjusted unfilled orders.