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:
May 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:
AA00008477:00067

Related Items

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

Full Text
CURRENT
f~!!13) r&


A UNITED STATES
DEPARTMENT OF
COMMERCE
PUBLICATION


INDUSTRIAL


Manufacturers'


Inventories,


REPO


Shipments,


and


Orders


May


1973


U. S. DEPARTMENT OF COMMERCE Social and Economic Statistics Administration BUREAU OF THE CENSUS


F POR RELEASE: July 2, 1973


SERIES:


M3-1(73)-5


5" i15M*ARY
New orders f
ucrtased $735
hi1%fli from $73
~ a~fi~nexit. S
ion or 0.7
billion ir
In1
Stl billion or
4 -rd of M
reased $890
bD ion at the
p eents ratio
tpr the 3m
month to month
I I4pfceiet cdm
f.... tfr l3 mont
Sr tinqrea1
Novetiber
IiN si ^.K^~B/plr Il V f
il ( 4tiTN *"-''- .I^ LC l


for manufactured products in May
million or 1.0 percent to $74.06
1.32 billion in April after seasonal
hipments in May increased $475
percent to $70.94 billion from


SApril.


Unfilled orders increased


* 3.3 percent to $98.47 billion at
ay. Manufacturers' inventories
million or 0.8 percent to $111.47
end of May. The inventories to
remained unchanged at 1.57.
months ending in May, the average
change in new orders increased
pared with a 1.9 percent increase
hs ending in February and a 1.2
se for the 3 months ending in


($125
($120


million)
million).


decreased $45 mi ,'.:
billion in May. ,

UNFILLED ORD *W
Unfilled orde i ural
$3.06 billion or V'r.cent
the end of May. i eq
was led by primary'
electrical machinery ($fa
metal products ($435 million


products
'le goods
t $31.77


ased


ion at


ral and


fon), non-
fabricated


INVENTORIES


Inventories


goods incre
respectively
level, mate


ase


of durable goods and nondurable
d $680 million and. $210 million


in M
rials


ay. At the all manufacturing
and supplies increased $560


durable goods increased $900
:ent to $42.24 billion in May.
led by increases in fabricated
30 million), aircraft and parts
primary metals ($300million).


I ihige increases were partially offset by a $395
decrease in the shipbuilding and railroad
j ent industry. Among the supplementary
seri, new orders for household durables de-
craased $110 million to $2.97 billion in May and
KKKKjKKKKKK ^K ^^KKK. ?--S < .. ..^*'
th capital goods industries increased $175 million
*as a increase in the nondefense sector ($285
million) was partially offset by a decrease ($110
million) in the defense sector.


SHIPMENTS
S hipments


million or
Ma~y
rf lnya m
d -*parts


of durable


1.4 pe


goods


increased $525


trcent to $39.17 billion in May.


increase was led by increases in
etals ($170 million), motor vehicles
($135 million), aircraft and parts


million, work in process inventories increased
$200 million and finished goods inventories in-
creased $130 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 June is
scheduled for release on July 23, 1973 and the full
report is scheduled for release on August 1, 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.


The data


for May and prior months in this report are based on a revision of the monthly


MS series on shipments and orders. The monthly series has been benchmarked to the Annual
Survey of Manufactures for the years 1970 and 1971 and new seasonal factors calculated. The


ranie'aA G4 nnran.. lOAi7 ~nt.n4. bA~4-~i, .tO'70 .afl t.-. .~Lfl-L.J A. a. L. i*--1-- d


NE W ORDERS
Newordes for
m oor 2.2 2perc
The increase was
7i.4 Vroducts ($4/
($380 million) and p









Table 1.--VALUE OF MANUFACTURERS'


(Millions


of dollars)


Industry


group


All manufacturing


Total,


excluding


indus-


trans-


portation......


Durable


goods


industries


total.


Stone, clay, and glass products.


Primary, metals,


Blast furnaces,


Nonferrobs
All other

Fabricated m


primary


etir


steel mills


metals....


products


tot 1al..... ..,........


Metal cns,


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


Machine ,
total...
Engines


barrels


Farm machinetyand equipment.
Construction, mining, and
material handling equipment.


Metalworking


General ind
Electrical ma
Electrical
distribute
industrial
Household a


machinery......


justrial
chinery,


machinery
total...


transmission and
on equipment and
apparatus.......
ppliances.,.......


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


Communication


equipment.....


Transportation equipment,


Motor vehicles


Aircraft


total


and parts....


, missiles,


and


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


Instruments


and related


products, total
Scientific and


All other
related

All other


engineering..


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


durable


goods


industries..........


Nondurable


goods industries


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


Tobacco
Textile

Paper a


products


products.....
mill products


nd allied


products,


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


Pulp,


paper,


Paperboard containers.......


All other

Chemicals a


Industrial


paper


containers..


nd allied products,


chemcials


pigments...........


Drugs, s


oap,


, except
..S.e..o


and toiletries.


Shipments


Total inventories


Without seasonal Without seasonal
Seasonally adjusted adjustment1 Seasonally adjusted adjustment
Adjustment1 adjustment1


70,938

60,588

39,168

2,083

,5;640
2, 70.4
2, Q68
868


4,483

449


5.327


5.409


5.488


72,268

61,080


4,498

450


6,169
522
608

1,174
332
529
5,106


1,015
680
352
1.165


3,024

382


1,15"
600

559


4,196


31.662


5.725


72,014

61,351

39,942

2,064!


2,763

380


1,170
642

528


4,183



32.072


5.910


534


3,722


27.808


111,469

94,836

72,893


2,525


9,246

1,766


2,733
1,564

1,169


6,970


38,576


9,820
994
796


6.983


110,577

93,973

72,213

2,477


110,175

93,683

71,873

2.495


112,445

95,864

73,587

2.607


111,469

94,767

72,884

2,573

9,441
4,895


ebcippe electric
.,n tu.b. a. ,
and turbinM.,A


104,632

89,353

67,872

2.435


13,803


2.900


6.887


I










OF MANUFACTURERS'


(Millions


of dollars)


Industry


group


All manufacturing
tries:


Total..
Total,


excluding


portation......*


Durable g

Primary


goods


industries


metals,


Blast furnaces


Nonferrous

Fabricated m

Machinery, e


Engines


indus-


trans-


total.


total.........

, steel mills.


metals....


metal products.....


xcept


electrical,


and turbines0.......


Construction, mining, and
material handling equipment.


Metalworking


machinery.,....


General industrial machinery.


Electrical ma

Electrical
distribute
industrial
Household a
Radio and T
Communicati

Transportation


Aircraft


Shipbuilding and


ChiflerY,


total...


railroad


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


other


~&i~burab1e

<>2?
Z~i4ustries
ord&s...
Industries


durable


goods


goods industries,


with unfilled .

without unfilled


orders.........


New orders


Unfilled


orders


Without seasonal Without seasonal
Seasonally adjusted adjustment Seasonally adjusted adjustment
adj ustment- ad^j ustment1


74,055

63,333

42,235

6.955


6.656


4,488


6,405

566

1,173
411
591

5,710



1,093
680
564
1,088


10,503


2,678

855


7,573


31,984


8,301

23,683


72,802


4,556


6,439

523

1,251
469
526

5,727



1,069
667
513
1,285


10,281


2,674

570


7,514


31,785


8,081

23,704


6.643


4,905


6,563

499

1,281
393
598

5,302



1,079
665
316
1,126


11,067


2,842

362


7,661


31,721


8,204

23,517


74,476

63,524

42,241

6.997


61,917


3,904


5,147

419

936
301
430

4,413



903
595
350
927


8,994


2,229

368


6,734


27,848


7,207

20.641


12,084


17,360

4,837

3,311
1,562
1,780

17,481



4,698
126
568
6,286


27,976


18,630

5,741


6,944


4,685


4,685


95,354


17,166



4,637
138
635
6,121


27,604


18,497

5,660


6,810


4.635


4.635


92,499

65,293

88,031

9.438


98,634

70,998

93,850

12,468

8,506
2,516

12,117


17,433


4.857


76,304


- Represents


zero. p


Preliminary.


Revised.


'Adjusted for trading-day and calendar-month


transmission and
on equipment and
apparatus.......
ppliances........
V................
on equipment.....

n equipment,


Missiles,









OF MANUFACTURERS H


tMillions


AND ORDERS,
of dollars'


FOR MARKET


CATEGORIES


AND SUPPLEiENTARY


SERIES


-During


1968 manufacturers in


ordnance, communications, aircraft and aircraft parts, and shipbuilding industries began to


provide


aggre-


gate figures on


shipments,


orders,


included in the defense series.


and total


inventories


PPre7timinary.


variations; unfilled orders and inventories as of
categories as follows:


of work performed for


rRevised.
end of month.


the Department


'Shipments and new


orders


of Defense
adjusted


supplementary series are regroupings


e.


The results


of these reports are


for trading-day and calendar-month


of the separate


industry


Household durable goods industries Household furniture; kitchen articles and pottery; cutlery, handtools,


and hardware;:


household


appliances; ophthalmic goods, watches,


and clocks; and miscellaneous personal


goods.


Capital


goods


industries


- The capital goods industries series is comparable to the previous Producers'


Capital


Goods and the


Defense


Products


(old series) categories.


Nondefense products Machinery, except electrical


(excluding


excluding


farm machinery


and


household appliances and electronic components, and the nondefense


equipment
portions


machine shops\


electrical


machinery


of shipbuilding and repairing and railroad


equipment, communication equipment, aircraft and aircraft parts, and ordnance.


Defense products Based on separate reports on defense work filed


by large defense contractors in the following


industries:


ordnance,


communications, aircraft and aircraft
Shipments of Defense-Oriented Industr


parts, and shipbuilding.


The data are comparable to those


published annually in the MA-175,


ies, for the specified industries.








AND LONG TERM PERCENT


(Based


on seasonally


adjusted


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

3 months 12 months
Item and industry group Apr.- Mar.- Feb.-___ ___________
May Apr. Mar. Feb.- Average Average
1ay Apr. Ma Fe ov. 1972- Aug.- May 1972- rise decline
1973 1973 1973 May
S______________________________________________ __________ ______ Feb. 1973 Nov. 1972 May 1973
1973

Shipments:
All manufacturing industries......... +0.7 +1.1 +0.7 +0,8 +1.4 +1.4 +1.3 +1.2 -1.2

Durable goods industries, total........ +1.4 +1.5 -0.2 +0.9 +1.6 +1.6 +1.4 +1.9 -1.6
Nondurable goods industries, total..... -0.1 +0.5 +1.7 +0.7 +1.1 +1.3 +1.1 +0.9 -0.7

Total inventories:
All manufacturing industries......... +0,8 +0,4 +1.0 +0.7 +0.6 +0.3 +0.6 +0.5 -0.1

New orders:
All manufacturing industries......... +1.0 +0.7 +2.5 +1.4 +1.9 +1.2 +1.5 +1.8 -1.4
Durable goods industries, total....... +2.2 +0.8 +3.1 +2.0 +2.5 +1.1 +1.9 +2.9 -2.4
Nondurable goods industries, total..... -0.5 +0.6 +1.7 +0.6 +1.1 +1.4 +1.1 +1.0 -0.6

Unfilled orders:
Durable goods industries, total........ +3.4 +3.1 +3.5 +3,3 +2.0 +1.5 +2.1 +1.0 -1.1












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

(Millions of dollars)

Without seasonal Without seasonal
Seasonally adjusted au eSeasonally adjusted
adjustment adjustment
Industry group
May Apr. Mar. May Apr. May May Apr. Mar. May Apr. May
1973p 1973r 1973 1973P 1973r 1972 1973p 1973r 1973 1973p 1973r 1972


All manufacturing


Durable


Stone, clay,


industries


industries
. total...


total,


and glass products..


Primary metals........


Machinery (electr
Transportation equ
All other durable


Nondurable
Chemicals
Petroleum
Rubber an


and nonelectrical).


ipment............


goods industries,


and allied


industries.


total..,


products......


and coal products.,...


d plastics


All other nondurable



All manufacturing


Durable goo0
Stone, cli
Primary m
Machinery


industries


products,


goods industries...


industries
, total...


, total..
..if .....


and glass products.


etals.......
(electrical


Transportation eq
All other durable


Nondurable
Chemicals
Petroleum
Rubber an


and nonelectrical)...............
and nonelectrical).


uipment.... .......
goods industries.


goods industries,


and allied


total...


products......


and coal products........


d plastics


All other nondurable


product
goods


s, n.e.c......
industries....


Total


111,469
72,893
2,525
9,398
26,450
16,633
17,887
38,576

6,983
2,307


39,409


110,577

72,213
2,477
9,425
26,005
16,604
17,702
38.364


2,389
26,632


110,175

71,873
2,495
9,365
25,797
16,492
17,724
38.302


2,397
26,682


112,445
73,587
2,607
9,369
26,869
16,581
18,161
38,858

7,023
2,284
2,477
27,074


111,469

72,884
2,573
9,441
26,280
16,702
17,888
38.585


36.760


Materials


and supplies


35,065

20.659


10,952


Work in process Finished goods


39,207
33.114


39,053
33,005
348
3,466
11,741


36,083
18,334
1,328
2,519
7,252
1,440
5,795
17,749
3,388
1,275
1,316
11,770


17,740
3,438
1,287
1,283
11,732


37,043
19,066
1,396
2,619
7,534
1,444
6,073
17,977
3,423
1,242
1,340
11,972


35,326

20,680
833
3,162
7,060
3,146
6,479
14,646
2,462
514
721
10,949


36,680
18,839
1,382


36,199
18,733
1,315
2,950
7,182
1,580
5,706

17,466

3,534
1,286
1,270
11,376


PPreliminary.
rRevised.


data)


goods


ical


goods


n.


e.c......








TO SHIRIENTS AND UNFILLED ORDERS TO SHIPMENTS,


(Based


on seasonally adjusted data)


e s r Unfilled orders shipments ratio'
Inventories shipments ratio
(months' backlog)
Industry group
May Apr. Mar. May May Apr. Mar. May
1973 1973r 1973 1972 1973p 1973r 1973 1972


All manufacturing industries, total.................. 1.57 1.57 1.58 1.69 2.33 2.28 2.26 2.11
Durable goods industries, total........................... 1.86 1.87 1.89 2.02 2.75 2.70 2.67 2.52
Stone, clay, and glass products.......................... 1.21 1.22 1.21 1.29 (NA) (NA) (NA) (NA)
Primary metals........................................... 1.67 1.72 1.66 2.12 2.12 1.94 1.68 1.39
Fabricated metals........................................ 1.83 1.86 1.89 1.88 3.00 2.96 2.95 2.85
Machinery, except electrical............................. 2,54 2.51 2.55 2.74 2.89 2.83 2.83 2.56
Electrical machinery..................................... 2.12 2.05 2.10 2.18 3.31 3.18 3.23 3.20
Transportation equipment................................. 1.61 1.64 1.69 1.77 4.71 4.81 5.05 4.75
Instruments and related products......................... 2.35 2.27 2.28 2.41 (NA) (NA) (NA) (NA)
Nondurable goods industries, total......................... 1.21 1.21 1.21 1.30 0.57 0.57 0.55 0.48
Food and kindred products................................ 0.91 0.89 0.90 0.98 (X) (X) (X) (X)
Tobacco products......................................... 4.55 4.68 4.67 4.50 (x) (X) (X) (X)
Textile mill products.................................... 1.64 1.67 1.66 1.82 (NA) (NA) (NA) (NA)
Paper and allied products.....................~.......... 1.08 1.12 1.14 1.22 (NA) (NA) (NA) (NA)
Chemicals and allied products............................ 1.31 1.29 1.27 1.48 (X) (X) (X) (X)
Petroleum and coal products.............................. 0.82 085 0.84 0.97 (X) (X) (X) (X)
Rubber and plastics products, n.e.c...................... 1.50 1.41 1.43 1.49 (x) (X) (X) (X)


(NA) Not available.


PPreliminary.


1Excludes the following industries with no unfilled 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; and
rubber and plastics products, n.e.c.


motor









Appendix


The following is a description of the survey and


definitions used.


EXPLANATION OF TERMS


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


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-


lishments.


the ASM,


manufacturing


establishment provides data on employment, pay-


rolls,


shipments,


.penditures, an
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.


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,
for individual establish


and orders data monthly


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 materialsbyother


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 cat
industries,


te


Since the M3-1 in-


.gories typically are groupings of
this duplication is significant for 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


[,


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


industries.

Most of the






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


reports,


it is assumed that the month-to-month


New Orders Received


and Unfilled Orders--


Orders as reported in the monthly survey are net


of cancellations during the month.


They include


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


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


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. The figures on the change in in-


ventories


from


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,


inventories.


using


supplies,


inventories


and other
by stage of


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


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


specific
cluded.


lly


authorized


to be expended are in-


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


durable goods sectors,


finished


it should be noted that a


product of one industry may be a raw


directly in the tabulated totals.


derived


New orders are


from the shipments plus net change in


material for another industry at the next stage of


fabrication.


Insofar as the durable and nondurable


goods sectors and also the 2-digit industry groups
contain industries with successive stages of
processing, the same type of commodity may be
included under different inventory categories in
the aggregate statistics.


unfilled orders for each industry category. This
procedure is followed for seasonally adjusted data
as well as for the unadjusted data. Shipments and
unfilled orders are seasonally adjusted independ-
ently. Seasonally adjusted new orders are derived
from seasonally adjusted shipments and sea-
sonally adjusted unfilled orders.







































------ ---m --m-


This ma
ponded,


ability


, recently


nual


is the


information


revised


orgest volume of machin-


ever


compiled.


find starting recommendations for o


You'll
types


of material removal operations and mate-
rials. There are machining recommenda-
tions in tabular form which include many
new materials as well as ten new opero-


1


~ions.


implementation


information is also


provided.


If you're a production planner,
actor, machine shop supervisor
manufacturer, designer, rese


tool oper-
engineer,
archer, or


Moil to: Notional Technical Information Service.
Department of Commerce,
Springfield, Virginia 22151


GENTLEMEN:


O Please send me
HANDBOOK, orat $35 each


copies of the MACHINING DATA


$37.50 foreign)


(AD-742058)


Check One


D Charge to my NTIS account no.
O Bill me (applicable to foreign orders). Add 50%.
D Here is my check for ______
Name__
Title .
Organization


Address


purchasing agent, you'll find this handbook


in~rIman l Crt^r7^ Mna'- ,*/e.^ 1 i :-fn a


I
4
1






NTIS


Best


Sellers


Recent reports of wide


National


Technical


interest
Information Service


U.S. Department of Commerce


Springfield,


22151


A Guide for Developing Questionnaire Items. Human


Resources


Research


Organization,


Jan. 1970. 29 p. AD-738 157.


Alexandria


PC$3.00/MF$0.95.


Models


of Industrial


Pollution


Control


Planning. RAND Corp., Santa Monica, Calif. Jan.


48 p. AD-742 382.


PC$3.00/MF$0.95.


Urban


1972.


Regiona


Housing


Planning:


Technical


Guide.


American Ir
1972. 128 D.


ist. Of Plann
PB-209 961.


ers, Washington, D.C. March
PC$5.45/MF$0.95.


Skills Conversion Project. Chapter


Society of Professiona


Engineers,


March 1972. 11 p. PB-209 281-01.


Precis. National


Washington,


PC$3.00/MF$0.95.


Court Procedures


for Identifying Problem


Drinkers.


Michigan Univ., Ann Arbor. Highway Safety Research
Inst. July 1971. 177 p. PB-209 957. PC$6.00/MF$0.95.


Spectrum Allocation:


A Survey of Alternative Metho-


dologies. Office of Telecommunications Policy, Wash-


ington, I
MF$0.95.


.C. Apri


1972. 39 p.


PB-208 666.


PC$6.


Cost Effective Priority Assignment in Network Com-


puters.


Illinois


puter Science.
MF$0.95.


Univ.,


Urbana.


Department of Cornm-


March 1972. 26 p. PB-208 665. PC$3.00/


Interface of Technical Libraries with Other Informa-


tion Systems.


Library


A Synthesis. Alan M. Rees Schoo


nce, Cleveland, Ohio. March 1971. 137 p.


AD-741 372. PC$5.45/MF$0.95.






IMPORTANT NOTE


Effective with the May report for the


"Manufacturers'


Shipments, Inventories, and Orders,"


the data for


previous periods have been revised to reflect the benchmarking of the


annual totals derived from the monthly survey


to the Annual Survey of Manufactures (ASM) totals for 1970 and 1971.

Subsequent deviation of seasonal factors from these revised data have generated revised seasonally adjusted data
for 1967-1973.


If you wish a copy of the summary report, which contains the revised monthly shipments, inventories,


for 1967-1973, please complete the order blank below and send your


and orders


remittance to the Publications Distribution


Section, Social and Economic Statistics Administration, Washington, D.C. 20233.


(please detach along this dotted line)


(please type


or print)


ORDER FORM

Please send me


copies of


M3-1.5 MANUFACTURERS' SHIPMENTS,


INVENTORIES. AND ORDERS:


1967-1973


($1.25 per copy


Name

SStreet Address

City, State, and ZIP Code


MAIL ORDER FORM WITH PAYMENT TO

Publications Distribution Section
Social and Economic Statistics Administration
Washington, D.C. 20233


MAKE CHECK OR MONEY ORDER PAYABLE
TO SUPERINTENDENT OF DOCUMENTS


TOTAL AMOUNT
Payment enclosed
(Mark one)
O Check
D Money order
o GPO coupons


Charge to:
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Documents Deposit
Account Number




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fI 1 1 1 1 1 18 11
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GOVERNMENT PRINTING OFFICE
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