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:
April 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:
AA00008477:00066

Related Items

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

Full Text

A UNITED STATES
DEPARTMENT OF
COMMERCE
PUBLICATION


I
~M3
S


CURRENT


INDUSTRIAL


Inventories,


REPORTS


-Lf


Shipments,
and Orders


1973


hldministration BUREAU OF THE CENSUS


Dn" c
IwtrabmiS


U. S. DEPARTMENT OF COMMERCE Social


May 31, 1973


SUMMARY


New orders for manufactured products in
April decreased $395 million or 0.5 percent to
$73.60 billion from $73.99 billion in March after
seasonal adjustment. Shipments in April in-
creased $1,03 billion or 1.5 percent to $71.11
billion from $70.08 billion in March. Unfilled
orders increased $2.49 billion or 2.7 percent to
$95.08 billion at the end of April. Manufacturers'
inventories remained unchanged at $109.59 billion
at the end of April. The inventories to shipments
ratio decreased from 1.56 to 1.54.


bt.e
-:
S
os. a
4*" .4
%4f *.J~

I


SERIES:


M3-1 (73)-4


creased $265 million or 0.8
lion in April.


For the 3 months ending in April, the average
month to month change in new orders increased
1.8 percent compared with a 2.2 percent increase
for the 3 months ending in January and a 1.7
percent increase for the 3 months ending in
October.


NEW ORDERS


New orders for durable goods decreased $615
million or 1.5 percent to $41.73 billion in April.
The decrease was primarily attributable to de-
creases in primary metals industries ($585
million), electrical machinery ($177 million) and
fabricated metal products ($165 million). These
decreases were partially offset by an increase in
the aerospace industries ($300 million). Among
the supplementary series, new orders for house-
hold durables increased $180 million to $3.59
billion in April.


SHIPMENTS


Shipments of durable goods increased $765
million or 2.0 percent to $39.38 billion in April.
The April increases were due primarily to in-
creases inthe aerospace industries ($305 million),
nonelectrical machinery ($235 million) and elec-
trical machinery ($210 million). Shipments of


Inventories


of durable goods increased $170


million in April while inventories of nondurable
goods decreased $170 million. At the all manu-
facturing level, materials and supplies increased
$140 million, work in process inventories in-
creased $25 million and finished goods inventories
decreased $160 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 nextmonth. The advance
report on durable goods for May is scheduled
for release on June 21, 1973 and the full report
is scheduled for release on July 2, 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.


Manufacturers'


FOR RELEASE:


UNFILLED ORDERS
Unfilled orders of durable goods increased
$2.35 billion or 2.7 percent to $90.42 billion at
the end of April. This increase was led by
increases in the primary metals industries ($790
million), nonelectrical machinery ($470 million)
and shipbuilding and railroad equipment ($400
million).


INVENTORIES











OF MANUFACTURERS'


(Millions


of dollars)


Industry


group


All manufacturing
tries:


excluding


indus-


trans-


portation..............


Durable g

Stone, c

Primary


oods industries,


total.


and glass products.


metals,


tot


Blast furnaces, s
Nonferrous metals
-All other primary


Fabricated


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

metals....


metal products


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


Metal


Machinery,


cans, barrels,


except


electrical


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


Engines


and turbines.......


Farm machinery andequipment.


Construction,


mining,


material handling equipment.


Metalworking


machinery......


General industrial


Electrical
Electric


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, t
Scientific
All other
related p


and related


and engineering..
instruments and
roducts...........


All other durable


goods


industries..........


Nondurable


goods


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

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


Tobacco
Textile


industries


products,


products.....
mill products


Paper and allied


Pulp, paper,
Paperboard c
All other pa

Chemicals and


Industrial


Drugs,

Petroleum
Rubber an


soap,


products,


etc.i..e.......
:ontalners.......


per

alli


containers..

ed products,


chemcials


, except


and toiletries.


and coal products...


d plastics


products,


- I


Shipments


Total inventories


Without seasonal Without seasonal
Seasonally adjusted adjiutmenta Seasonally adjusted Without seasn
adjustment adjus^ ^tment -


ii. hi

61~792

39, 37~
.- -


5.431


70,081

60, 996

38,614

2.294


5.430


2,22.
2,229


5.402


5.806


2.245


4,668


32,016


10,818
2,488
669

516
2.826


5.598


489
2,277


2,349
941
723
685


4,938

1,518
1,396

2,321


109,590

92,415

72,112


2.388


1,106


6,949


37,478


9,588
928
902


109,588

92,402

71,940

2.392


108,414

91,460

S71,117

2,345


2.431


93,237

72,786

2,479

9,404
J "^ nf


6.868


110,029

92,777

72,255

2.484


7.945


6.858


103,251

87,626

67,181


2.359


6.728


GROUP










OF MANUFACTURERS'


(Millions


of dollars)


Industry


group


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


Total,


excluding


indus-


trans-


portation......


Durable g

Primary


oods industries,


metals


Blast furnaces


Nonferrous

Fabricated m

Machinery, e
total......

Engines an


Construction


total.


total.......,

, steel mills.


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

etal products....


except


electrical


d turbines..............
Id turbines,,.......


, mining,


material handling equipment.


Metalworking


machinery., ....


General industrial machinery.


Electrical ma

Electrical
distributi
industrial
Household a


achinery,


total...


transmission and
on equipment and
Sapparatus.......
.ppliances........


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


Communication

Transportation


Aircraft,


equipment.

equipment,


missiles,


parts.................S


Shipbuilding


and railroad


equipment..........,....


All other durable
industries......


Nondurable


goods


goods industries,


total,.........


Industries
orders...
Industries
orders...


with unfilled


without


unfilled


New orders


Unfilled


orders


Without seasonal Without seasonal
Seasonally adjusted adjustment Seasonally adjusted adjustment
w adjustment1* adjustment1


3,880


7,018

505

1,244
592
542

5,667



1,085
779
624
1,153


9,975


2,500

984


8,261


31,871


8,512

23.359


73,993


4,044


7,046

559

1,261
689
522

5,844



1,130
738
519
1,394


9,785


2,200

1,096


8,113


31,651


8,463

23,188


71,042

61,712

40,087

6,666


4,045


6,509

476

1,152
562
516

5,563



1,093
733
611
1,253


9,330


2,017

736


7,974


30,955


8,289

22,666


42,836

7,673

4,099
2,624


10,104


2,345

1,018


8,317


31,993


8,509

23,484


76,468


5,466

2,661
2,104

3,494


5,940

458

977
424
444

4,606



981
652
334
1,137


8,226


1,946

559


7,048


27,718


7,525

20.193


16.204


5,794


26,906


16,915

6,651


96,737


- Represents


~Preliminary.


Revised.


'Adjusted for trading-day and calendar-month










Table 2.--VALUE


OF MAJIUFAC'flIRERS SnWEN'rS, INVENTORIF~,


(Millions


AND ORDERS,
of dollars )


FOR MARKET


CATH0RI~


AND SUPPLEMENTARY


SERIES


Without seasonal Without seasonal
Seasonally adjusted adjustment Seasonally adjusted
adjustment adjustment
Industry group
Apr. Mar. Feb. Apr. Mar. Apr. Apr. Mar. Feb. Apr. Mar. Apr.
1973p 1973r 1973 1973P 1973r 1972 1973p 1973r 1973 1973p 1973r 1972

Shipments Total inventories


All manufacturing industries, total.. 71,111 70,081 69,123 72,090 72,550 62,016 109,590 109,588 108,414 10,510 10,029 103,251

Durable goods industries, total............ 39,378 38,614 38,336 40,287 40,534 34,376 72,112 71,940 71,117 72,786 72,255 67,181
Nondurable goods industries, total........ 31,733 31,467 30,787 31,803 32,016 27,640 37,478 37,648 37,297 37,724 37,774 36,070

Industry groups arranged by market
categories:
Home-goods and apparel................... 7,483 7,062 6,921 7,120 7,380 5,964 12,160 12,312 12,120 12,444 12,283 11,213
Consumer staples......................... 13,396 13,473 13,048 13,158 13,504 11,459 14,468 14,515 14,480 14,381 14,497 13,811
Equipment and defense products, except
automotive.............................. 10,346 9,849 9,693 10,606 10,478 9,116 29,057 28,928 28,692 29,292 29,094 26,736
Automotive equipment..................... 6,873 6,906 6,891 7,217 7,504 6,247 6,102 5,961 5,807 6,165 6,065 5,470
Construction materials, supplies, and
intermediate products....................... 6,213 6,182 6,154 6,394 6,131 5,547 8,709 8,796 8,674 8,884 8,956 8,282
Other materials and supplies and
intermediate products................... 26,800 26,609 26,416 27,595 27,553 23,741 39,094 39,076 38,641 39,344 39,134 37,739

Supplementary series:2
Household durable goods industries....... 3,526 3,346 3,271 3,312 3,463 2,738 5,646 5,660 5,636 5,773 5,651 5,140
Capital goods industries................. 11,987 11,607 11,460 12,108 12,242 10,421 32,663 32,523 32,200 32,909 32,627 30,048
Nondefense............................ 10,078 9,703 9,562 10,201 10,342 8,677 26,318 26,165 25,920 26,548 26,343 24,415
Defense ............................... 1,909 1,904 1,898 1,907 1,900 1,744 6,345 6,358 6,280 6,361 6,284 5,633

New orders Unfilled orders


All manufacturing industries, total.. 73,597 73,993 71,042 74,829 76,468 62,498 95,084 92,595 88,691 96,737 94,001 76,396

Durable goods industries, total............ 41,726 40,342 40,087 42,836 44,257 34,780 90,415 88,065 84.345 92,019 89,474 72,837
Nondurable goods industries, total......... 31,871 31,651 30,955 31,993 32,211 27,718 4,669 4,530 4,346 4,718 4,527 3,559

Industry groups arranged by market
categories:
Home goods and apparel................... 7,568 7,137 7,093 7,193 7,463 6,020 2,777 2,690 2,614 2,704 2,641 2,372
Consumer staples......................... 13,398 13,475 13,047 13,147 13,499 11,449 -
Equipment and defense products, except
automotive.............................. 11,275 11,394 10,233 11,452 11,906 9,128 47,698 46,675 45,066 47,722 46,832 39,360
Automotive equipment..................... 6,968 6,974 7,032 7,264 7,536 6,204 -
Construction materials, supplies, and
intermediate products.................. 6,292 6,480 6,302 6,570 6,522 5,597 10,750 10,671 10.374 10,867 10,692 9,511
Other materials and supplies and
intermediate products................... 28,096 28,533 27,335 29,203 29,542 24,100 33,859 32,559 30,637 35,444 33,836 25,153

Supplementary series:2
Household durable goods industries....... 3,592 3,412 3,439 3,328 3,528 2,762 2,263 2,197 2,132 2,178 2,161 1,915
Capital goods industries................. 13,071 13,176 11,998 13,085 13,694 10,717 53,751 52,667 51,104 53,864 52,891 44,803
Nondefense............................. 10,797 10,923 10,036 11,035 11,607 8,973 32,942 32,222 31,007 33,240 32,408 25,746
Defense ............................... 2,274 2,253 1,962 2,050 2,087 1,744 20,809 20,445 20,097 20,624 20,483 19,057


4During


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


evised.


1Shipments


as of end of month.


for the Department


and


new orders


supplementary


of Defense.
adjusted fo


are regroupings


The results of
'r trading-day an


of the separate


these reports a
d calendar-month


industry


categories


as follows:


Household


durable


goods


industries


- Household


furniture;


kitchen


articles


and pottery;


cutlery,


handtools,


and hardware;


household


appliances;


Capital


goods


ophthalmic
industries


goods,


watches,


- The capital


and clocks;


goods


industries


and miscellaneous


series


personal


is comparable


goods.


to the previous


Pi-oducei-s


Capital


Goods and the Defense


Products
Nondefense
(excludin
equipment


Defense


(old series)


categories.


products Machinery,


household


appliances


communication


products


ctnunicatiolis,


- Based o
aircraft


except


electrical


(excluding


and electronic components),


equipment, aircraft
n separate reports o
and aircraft parts,


and aircraft


n defense


work


and shipbuilding.


farm machinery and equipment
and the nondefense portions


parts,


and machine shops electrical machinery


of shipbuilding


and repairing


and railroad


and ordnance.


filed by large defense


The data


contractors


are comparable


to tho


in the following
se published ann


industries:
ually in the


ordnance
MA-175,


for the specified industries.










Table 3.--MANUFACTURERS'


(Based


on seasonally


adjusted


Month-to-month Average monthly rates of change Average, 1967-72

3 months 12 months
Item and industry group Mar.- Feb.- Jan.-___ ___________
Apr. Mar. Feb. Average Average
17 1973 17 Jan.-Apr. Oct. 1972- July-Oct. Apr. 1972- rise decline
97 17 1 J1973 Jan. 1973 1972 Apr. 1973


Shipments:
All manufacturing industries......... +1.5 +1.4 +1.2 +1.4 +1.8 +1.7 +1.3 +1.3 -1.2

Durable goods industries, total........ +2.0 +0.7 +0,7 +1.1 +1.8 +2,2 +1.3 +1.9 -1,9
Nondurable goods industries, total..... +0.8 +2.2 +1,8 +1.6 +1.9 +1.0 +1.2 +1.0 -0.5

Total inventories:
All manufacturing industries......... 0.0 +1.1 +0.8 +0.6 +0.5 +0.7 +0.6 +0.5 -0.2
New orders:
All manufacturing industries......... -0.5 +4.2 +1.7 +1.8 +2.2 +1.7 +1.5 +1.9 -1.3
Durable goods industries, total........ -1.5 +5.6 +1.7 +1.9 +2.3 +2.2 +1.7 +2.8 -2.4
Nondurable goods industries, total..... +0.7 +2.2 +1.7 +1.5 +2.0 +1.0 +1.2 +1.0 -0.6
Unfilled orders:
Durable goods industries, total ........ +2.7 +4.4 +2.1 +3.1 +1.4 +1.5 +1.9 +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 au t Seasonally adjusted aute
adjustment adjustment
Industry group
Apr. Mar. Feb. Apr. Mar. Apr. Apr. Mar. Feb. Apr. Mar. Apr.
1973p 1973r 1973 1973 1973r 1972 1973p 1973r 1973 1973 1973r 1972

Total Materials and supplies

All manufacturing industries, total.. 109,590 109,588 108,414 110,510 110,029 103,251 34,965 34,825 34,561 34,907 34,769 32,321
Durable goods industries, total............ 72,112 71,940 71,117 72,786 72,255 67,181 20,643 20,486 20,337 20,447 20,260 18,729
Stone, clay, and glass products.......... 2,388 2,392 2,345 2,479 2,484 2,359 818 827 820 826 777
795
Primary metals........................... 9,415 9,398 9,483 9,404 9,412 9,534 3,490 3,468 3,527 3,318 3,325 3,363
Machinery (electrical and nonelectrical). 25,764 25,506 25,133 26,053 25,624 23,535 7,080 6,984 6,.858 7,098 6,950 6,251
Transportation equipment.................. 17,175 17,186 16,954 17,273 17,252 15,625 2,816 2,795 2,719 2,819 2,819 2,813
All other durable goods industries....... 17,370 17,458 17,202 17,577 17,483 16,128 6,439 6,412 6,438 6,392 6,340 5,525
Nondurable goods industries, total......... 37,478 37,648 37,297 37,724 37,774 36,070 14,322 14,339 14,224 14,460 14,509 13,592
Chemicals and allied products............ 6,787 6,765 6,798 6,868 6,858 6,728 2,382 2,354 2,394 2,396 2,358 2,277
Petroleum and coal products.............. 2,154 2,139 2,162 2,124 2,119 2,168 510 510 513 512 510 525
Rubber and plastics products, n.e.c...... 2,354 2,346 2,324 2,402 2,391 2,273 671 654 638 662 633 638
All other nondurable goods industries.... 26,183 26,398 26,013 26,330 26,406 24,901 10,759 10,821 10,679 10,890 11,008 10,152

Work in process Finished goods

All manufacturing industries, total.. 39,548 39,525 38,936 39,796 39,640 35,923 35,077 35,238 34,917 35,807 35,620 35,007
Durable goods industries, total............ 33,785 33,729 33,262 34,045 33,919 30,464 17,684 17,725 17,518 18,294 18,076 17,988
Stone, clay, and glass products.......... 304 317 304 327 345 319 1,266 1,248 1,246 1,332 1,313 1,263
Primary metals........................... 3,400 3,339 3,338 3,444 3,401 3,294 2,525 2,591 2,618 2,642 2,686 2,877
Machinery (electrical and nonelectrical). 11,572 11,422 11,258 11,645 11,485 10,269 7,112 7,100 7,017 7,310 7,189 7,015
Transportation equipment................ 13,104 13,157 13,033 13,174 13,179 11,404 1,255 1,234 1,202 1,280 1,254 1,408
All other durable goods industries....... 5,405 5,494 5,329 5,455 5,509 5,178 5,526 5,552 5,435 5,730 5,634 5,425
Nondurable goods industries, total......... 5,763 5,796 5,674 5,751 5,721 5,459 17,393 17,513 17,399 17,513 17,544 17,019
Chemicals and allied products............ 1,104 1,098 1,059 1,104 1,095 1,035 3,301 3,313 3,345 3,368 3,405 3,416
Petroleum and coal products.............. 510 479 476 508 481 469 1,134 1,150 1,173 1,104 1,128 1,174
Rubber and plastics products, n.e.c...... 380 376 376 376 373 337 1,303 1,316 1,310 1,364 1,385 1,298
All other nondurable goods industries.... 3,769 3,843 3,763 3,763 3,772 3,618 11,655 11,734 11,571 11,677 11,626 11,131


~Preliwinary.


data)









OF MANUFACTURERS'


(Based


on seasonally


adjusted


nenr st Unfilled orders shipments ratio1
Inventories shipments ratio
(months' backlog)
Industry group
Apr. Mar. Feb. Apr. Apr. Mar. Feb. Apr.
1973 1973r 1973 1972 1973p 1973r 1973 1972


All manufacturing industries, total.................. 1.54 1.56 1.57 1.67 2.23 2.21 2.14 2.06
Durable goods industries, total............................ 1.83 1.86 1.86 1.98 2.63 2.62 2.54 2.46
Stone, clay, and glass products.......................... 1.09 1.04 1.05 1.18 (NA) (NA) (NA) (NA)
Primary metals................................... -........... 1.53 1.52 1.54 1.90 1.87 1.73 1.52 1.26
Fabricated metals....................................... 2.05 2.11 2.05 2.07 3.29 3.31 3.26 3.22
Machinery, except electrical............................. 2.24 2.30 2.36 2.41 2.70 2.72 2.71 2.37
Electrical machinery..................................... 2.00 2.06 2.04 2.07 2.92 3.02 2.95 2.93
Transportation equipment................................. 1.84 1.89 1.85 1.97 5.45 5.54 5.32 5.42
Instruments and related products......................... 2.28 2.36 2.33 2.40 (NA) (NA) (NA) (NA)
Nondurable goods industries, total......................... 1.18 1.20 1.21 1.30 0.56 0.55 0.54 0.47
Food and kindred products................................ 0.90 0.90 0.93 1.01 (X) (X) (X) (X)
Tobacco products......................................... 4.50 4.50 4.50 4.51 (X) (X) (X) (X)
Textile mill products.................................... 1.48 1.47 1.49 1.62 (NA) (NA) (NA) (NA)
Paper and allied products............................... 1.05 1.10 1.10 1.17 (NA) (NA) (NA) (NA)
Chemicals and allied products............................ 1.25 1.25 1.26 1.42 (X) (X) (X) (X)
Petroleum and coal products.............................. 0.82 0.83 0.86 0.93 (X) (X) (X) (X)
Rubber and plastics products, n.e.c...................... 1.48 1.49 1.49 1.52 (X) (X) (X) (X)


Not available.


'Excludes the


~Prelin2inary.


rR~ised.


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;
rubber and plastics products, n.e.c.


petroleum and coal products; and


motor


GROUP










Appendix


The following is a description of the survey and


definitions usE
the meaning
represent an


EXPLANATION OF TERMS


These are provided to clarify


of the items


involved and do not


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.


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.


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


reported


ASM


which


are received


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


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 by other


industries within the industry group.


The monthly reporting panel consists of ap-
proximately 5,000 reporting units and includes
Virtually all companiies with 1,000 or more em-
ployees and a sample of the smaller ones. The


reporting
operations


typically comprises the entire
a company although many of the


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


Most


of the reporting


units


include


mixed


industry activity even within the broad industry


categories of the monthly survey. The survey
methodology assumes that the month-to-month
changes of the reporting units classified in each
industry category represent effectively the month-


to-month movements of the establishments in the
SIC industries which make up the category. Thus,
the monthly reports are used to update the ASM


estimates by using a
companies in each indus


link relative of matched


With the ex-


ception of motor vehicles, it is not significant at


the 4-digit SIC group level.


dustry cate
industries,


Since the M3-1 in-


.gories typically are groupings of
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




UNIVERSITY OF FLORIDA
1 II I IIIIII 1 l ll 1 1 II l 1 | I
8 3 1262 08589 4359


definition of shipments in the monthly reports
differs from that used in the annual establishment


reports,


it is assumed that the month-to-month


* ^1 _- ^ _1 -^


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


Inventories--End-of-month inventories in the
monthly survey are identical in definition to the
end-of-year inventories in the ASM. In the ASM,
respondents are asked to report inventories of
individual establishments at approximate current
cost if feasible; otherwise, "atbookvalues. Since
different methods of inventory valuation are used
(LIFO, FIFO, etc.), the definition of the aggregate
inventories for establishments in an industry is


not precise.


ventories


from


The figures on the change in in-


one period


to the next are of


greater significance than the actual aggregates.


Inventories
cation: (a) fir
and (c) mate
inventories.


are reported


by stage of fabri-


wished goods; (b) work in process;


rialss, s
In using


applies, mel]
inventories


and other
by stage of


fabrication at the all manufacturing and 2-digit
industry levels as well as for the durable and non-
durable goods sectors, it should be noted that a
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


successive


stages


processing, the same type of commodity may be
included under different inventory categories in
the aggregate statistics.


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 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 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


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-
ently. Seasonally adjusted new orders are derived
from seasonally adjusted shipments and sea-
sonally adjusted unfilled orders.


1