Current industrial reports

MISSING IMAGE

Material Information

Title:
Current industrial reports
Portion of title:
Manufacturers' shipments, inventories, and orders
Physical Description:
v. : ; 28-29 cm.
Language:
English
Creator:
United States -- Bureau of the Census. -- Manufacturers' Shipments, Inventories, and Orders Branch
United States -- Bureau of the Census
Publisher:
U.S. Dept. of Commerce, the Bureau of the Census :
For sale by the Subscriber Services Section (Publications), Bureau of the Census
Place of Publication:
Washington, D.C
Creation Date:
June 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:
AA00008477:00068

Related Items

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

Full Text

CURRENT


INDUSTRIAL


Manufacturers'


Inventories,


REPORTS


Shipments,


and


Orders


June


U. S. DEPARTMENT OF COMMERCE .ftSiC Statistics Administration BUREAU OF THE CENSUS
U.~~~~ ~ ( S. DEATMN OFU COMERC,; uA _" -


FOR RELEASE:


August 1, 1973


SERIES:


M3-1(73)-6


" "" '" w<
V ^ ($
New orders for manufactured products i ($
eased $250 million or 0.3 percent to $7..-- '
lion from $74.54 billion in May after seasonal "'M


adjustment.
0.4 percent .
in May. Un
or 3.3 perc
June. Man
$1.41 billion
tme end of Ji


Shipments increased $260 millionor
to $71.55 billion from $71.28 billion
filled orders increased $3.24 billion
ent to $101.84 billion at the end of


ufacturers'


or
mne.


inventories


increased


1.3 percent to $113.04 billion at
The inventories to shipments


ratio increased from 1.57 to 1.58.

For the 3 months ending in June the average
ninth to month change in new orders increased
0.9, percent compared with a 1.8 percent increase
for the 3 months ending in March and a 1.1
percent increase for the 3 months ending in
December.


NEW ORDERS
Few orders
uhia n or 0.1


The
andft
and


inmere
in f
Anto
good
$5
audi4


erce
240,


pune. An increase in the chemicals
on) led the overall increase in non-


LLED ORDERS


Unfilled


orders


$3.26 billion or
at the end of Jun


of durable


goods increased


3.5 percent to $97.14 billion
. This increase was general


and was led by the primary metals industries
($1.17 billion).

INVENTORIES
Inventories of durable and nondurable goods
increased $870 million and $545 million respec-
tively in June. At the all manufacturing level,
materials and supplies increased $630 million,


work in proc


ess


inventories


increased


million and finished goods inventories increased
$445 million.


SCHEDULED RELEASE DATES


for durable goods increased $55
percent to $42.50 billion in June.


June increase was led by increases in air-
and parts ($180 million) and shipbuilding
railroad equipment ($155 million). These


eases we
abricated


re


partially


metal


offset


products


by a decrease
($185 million).


hg the supplementary series, the capital
s industries increased $420 million of which
million was in the nondefense component


r


million was in the defense component.


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 July is
scheduled for release on August 21, 1973 and the
full report is scheduled for release on August 30,
1973.


SHIPMENTS

Shipments of durable goods decreased $45
million or 0.1 percent to $39.24 billion in June.
A decrease in motor vehicles and parts ($140
million ) was partially offset by a $95 million
increase in primary metals industries. Shipments
of nondurable goods increased $305 million or 1.0


For an explanation of terms
report see appendix following table


used


in this


Inquiries concerning these figures should be
addressed to the U.S. Department of Commerce,
Social and Economic Statistics Administration


Bureau of ti
ington, D.C.


he Census, Industry Division, Wash-
20233.


A UNITED SATES
DEPARTMENT OF
COMMERCE
PUBUCATION


1973


-"c^?


SUMMARY


inc
hI


~335


L.A3J


Ttx-


v ...... ---- v











Table 1.--VALUE


(Millions


of dollars)


Industry


group


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


tibtal,


excluding


indus-


trans-


portation......


Durable g

Stone, c

Primary


goods industries,


total.


;lay, and glass products.


metals,


t


Blast furnaces,
Nonferrous meta


All other primary


Fabricated


Metal


total *.........
steel mills.
ls........ ...


metals....


metal products


, barrels,


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


Machinery,


Engines


except


electrical,


and turbines........


Farm machinery and equipment.


Construction,


mining,


material handling equipment.


Metalworking


General ind
Electrical ma
Electrical
distribute
industrial
Household a


machinery......


ustrial
chinery,


machinery
total...


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


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


Communication


equipment.....


Transportation equipment, total


Motor vehicles


Aircraft,


and parts....


missiles


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


Instruments
products, t
Scientific


and related


and engineering..


All other instr-nents
related products....

All other durable good


5s***~p


s


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


Nondurable


goods


industries


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


Food and kindred


products,


total........................
Meat products ..............
Fats and oils...............


Tobacco
Textile


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


Paper and allied


Pulp,


paper


Paperboard
All other p


Chemicals


and


products,


, etc............
containers.......
aper containers..

allied products,


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


Industrial


Drugs,

Petroleum
Rubber an


chemcials


, except


soap, and toiletries.

Sand coal products...
d plstic product


Shipments


Total inventories


Sa na ajuWithout seasonal S a, Without seasonal
Seasonally adjusted a t 1 Seasonally adjusted" adjustment
adjustment adjustments


71,545

61,354


39,240

2,067

5,806
2,766
2,188


5.628


71.284


5.387


---
1,134

10,105
6,254

2,798

378


1,194
640

554


4,122


31,817


10,926
2,637
767.

499!
2,541


2,609
1,139
697
793


5,409

S e


76,232

65,024

42,644,

,2,264

C Ann


72;59)

61,440


559


4,196


31,884


10.740


2.781


6 5,260

56,112

35,798

t1,976


113,039

96,167

73,736

2,607


111,625

94,991

72,867

2,524

9,425
4,940
3,403
1,082


8,189


1,177


6,968


38,758


9,864
992
847

2,352


110,577

93,973

72,213

2.477


113,203

96,684

73,856

2.651


112,604

96,020

73,562


1,216


7,040


39,042


9,649
1,021
835


104,496


GROUP


I











OF MANUFACTURERS'


(Millions


of dollars)


Industry


b -


group


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


Total,


Durable g

Primary


excluding


portation......

goods industries


indus-


Strans-


total.


metals,


Blast furnaces


Nonferrous

Fabricated m

Machinery, e


Engines


total.........

. steel mills.


metals..........8.

etal products.....


except


electrical,


and turbines.......


Construction,


mining,


material handling equipment.
Metalworking machinery.....
General industrial machinery.


Electrical ma

Electrical
distribute
industrial
Household a


chinery,

transmiss
on equipmin


total...

ion and
ent and


* apparatus.......
ppliances........


Radio and TV.................
Communication equipment....

Transportation equipment,
total......* ........** ........


Aircraft,


missiles,


parts......................
shipbuildingg and railroad
equipment..................

other durable goods


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


Nondurable


total.......

Industries


goods industries


.with unfilled....
with unfilled


orders.........


Industries
orders...


with


* ....fi.....le
ut unfilled


New orders


Unfilled


orders


S Without seasonal Without seasonal
Seasonally adjusted adjUStment i Seasonally adjusted adjustment1
adjustment1 adjustment1


74,535

63,796

42,449

7,042

3,729
2,316

4,861


6,544

507

1,266
403
626

5,696



1,051
651
479
1,340


10,739


3,068

449


7,567


32,086


8,417

23,669


74,318


101,839


98,602

70,577

93,882

11,954

8,025
2,506

12,024


17,365

4,837


17,166



4,637
138
635
6,121


27,604


100,461

72,351

95,712

12,666

8,630
2,491

12,308


17,834

4.974


17,654



4,825
127
660
6,009


28,110


18,472

5,911


7,140


4,749


4,749


4,857

3,344
1,557
1,815

17,287


- Represents
ZAdjusted fo


Preliminary.


Revised.


calendar-month variations.


6.532


S


All











Table 2.--VALUE


OF MANUFACTURER


SHIWm4TS,


INVENThRI~,


(Millions


AND ORDflS,
of dollars)


FOR MARKET


CATB3ORI&S


AND SUPPLBaENTARY


SERIES


Seasonally adjusted Without seasonal Without seasonal
Seasonally adjusted adjustment Seasonally adjusted
adjustment* adjustment
Industry group -
June May Apr. June May June June May Apr. June May June
1973 1973r 1973 1973 1973r 1972 1973p 1973r 1973 1973p 1973r 1972

Shipments Total inventories
\
All manufacturing industries, total.. 71,545 71,284 70,468 76,232 72,591 65,260 113,039 111,625 110,577 113,203 112,604 104,496

Durable goods industries, total............ 39,240 39,284 38,651 42,644 40,707 35,798 73,736 72,867 72,213 73,856 73,562 67,733
nondurable goods industries, total......... 32,305 32,000 31,817 33,588 31,884 29,462 39,303 38,758 38,364 39,347 39,042 36,763

Industry groups arranged by market
categories:
Home goods and apparel................... 6,655 6,682 6,761 6,960 6,185 6,123 12,633 12,426 12,299 13,155 13,023 11,832
Consumer staples......................... 13,622 13,570 13,559 13,965 13,327 12,442 15,027 14,849 14,613 14,717 14,676 13,708
Equipment and defense products, except
automotive.............................. 10,325 10,192 10,025 10,963 10,403 9,115 28,688 28,338 28,237 28,732 28,577 26,091
Automotive equipment..................... 7,421 7,560 7,482 8,532 8,313 7,111 6,634 6,432 6,323 6,315 6,390 5,563
Construction materials, supplies, and
intermediate products................... 6,039 6,079 5,939 6,629 6,304 5,733 9,376 9,235 9,044 9,460 9,347 8,528
Other materials and supplies and
intermediate products................... 27,483 27,201 26,702 29,183 28,059 24,736 40,681 40,345 40,061 40,824 40,591 38,774

Supplementary series:2
Household durable goods industries....... 2,946 2,993 3,011 3,120 2,847 2,685 5,937 5,870 5,758 6,102 6,103 5,460
Capital goods industries................. 11,957 11,844 11,695 12,664 12,041 10,708 32,526 32,101 31,931 32,601 32,363 29,493
Nondefense............................. 10,359 10,098 10,055 10,968 10,317 9,164 27,066 26,717 26,547 27,151 26,977 24,665
Defense ............................... 1,598 1,746 1,640 1,696 1,724 1,544 5,460 5,384 5,384 5,450 5,386 4,828

New orders Unfilled orders


All manufacturing industries, total.. 74,786 74,535 73,325 77,926 74,318 66,839 101.839 98,602 95,354 100,461 98,772 77,883

Durable goods industries, total............ 42,503 42,449 41,341 44,411 42,341 37,377 97,143 93,882 90,719 95,712 93,950 74,268
Nondurable goods industries, total......... 32,283 32,086 31,984 33,515 31,977 29,462 4,696 4,720 4,635 4,749 4,822 3,615

Industry groups arranged by market
categories:
Home goods and apparel................... 6,706 6,695 6,858 7,051 6,250 6,238 2,715 2,668 2,663 2716 2,638 2,434
Consumer staples......................... 13,623 13,561 13,565 13,954 13,316 12,426
Equipment and defense products, except
automotive .. ....................... 11,194 11,097 10,903 11,540 10,685 10,39149,165 48,076 49,365 48,648 40,407
Automotive equipment..................... 7,736 7,746 7,523 8,673 8,420 7,030
Construction materials, supplies, and
intermediate products................... 6,249 6,423 6,017 6,852 6,610 5,830 11,467 11,258 10,915 11,568 11,345 9,726
Other materials and supplies and
intermediate products................... 29,278 29,013 28,459 29,856 29,037 24,924 37,306 35,511 33,700 36,812 36,141 25,316

Supplementary series:2
Household durable goods industries....... 3,003 3,007 3,077 3,222 2,895 2,804 2,181 2,127 2,112 2,172 2,072 1,939
Capital goods industries................. 13,186 12,768 12,571 13,508 12,252 12,076 55,911 54,679 53,755 55,035 54,192 45,821
Nondefense............................. 11,002 10,919 10,619 11,594 10,913 9,526 34,972 34,329 33,509 34,973 34,348 27,033
Defense ............................... 2,184 1,849 1,952 1,914 1,339 2,550 20,939 20,350 20,246 20,062 19,844 18,788


*During 1
gate figures
included in
variations;


968 manufacturers
on shipments, or


the defense


unfilled


in ordnance,


ders, a


series.


orders


communications,


nd total inventories
PPreliminary. rR


and inventories


aircraft


and aircraft


of work performed


evised.


as of end of month.


parts,


and shipbuilding


for the Department


1Shipments


2The


new orders


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
excludingn
equipment


Defense


ophthalmic
industries


(old series)
products M
g household


goods,


watches


- The capital


, and clocks; an
goods industries


d miscellaneous


series


personal


is comparable


goods.


to the previous


Producers


Capital


Goods and the Defense


categories.


achinery,
appliances


coufluflication


products


communications,


except


equipment,


- Based on separate


aircraft


and aircra


electrical


and electronic


aircraft
reports o
ft parts,


(excluding
components ,


and aircraft
n defense wor


farm machinery and equipment
and the nondefense portions


parts,


and machine shops),
of shipbuilding and


electrical
repairing


machinery
and railroad


and ordnance.


k filed by large


and shipbuilding.


The data


defense


contractors


are comparable


in the following


to those published


industries:


annually in the


ordnance,
MA-175,


Industries, for the specified industries.











Table 3.--MANUFACTURERS'R


(Based


on seasonally


adjusted


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

.,- BT.3 months 12 months
Item and industry group May- Apr.- Mar.- 3 months 12 months
u Ma A. ---Average Average
Une 1y3 1Ar3' Mar.-June Dec. 1972- Sept.-Dec. June 1972- rise decline
1973J 1973d 1973^ ._^ ^y j^
1973 Mar. 1973 1972 June 1973


Shipments:
All manufacturing industries......... +0.4 +1.2 +1.1 +0.9 +1.3 +1.4 +1.3 +1.3 -1.2

Durable goods industries, total........ -0.1 +1.6 +1.5 +1.0 +1.3 +1.3 +1.5 +1.9 -1.6
Nondurable goods industries, total..... +1.0 +0.6 +0.5 +0.7 +1.3 +1.4 +1.1 +0.9 -0.7

Total inventories:
All manufacturing industries......... +1.3 +0.9 +0.4 +0.9 +0.7 +0.5 +0.7 +0.5 -0.1
New orders:
All manufacturing industries......... +0.3 +1.7 +0.7 +0.9 +1.8 +1.1 +1.3 +1.8 -1.5
Durable goods industries, total........ +0.1 +2.7 +0.8 +1.2 +2.3 +0.9 +1.6 +2.8 -2.4
Nondurable goods industries, total..... +0.6 +0.3 +0.6 +0.5 +1.3 +1.4 +1.1 +1.0 -0.6
Unfilled orders:
Durable goods industries, total........ +3.5 +3.5 +3.1 +3.4 +2.4 +1.3 +2.2 +1.0 -1.1











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

Seasna adjWithout seasonal Without seasonal
Seasonally adjusted Seasonally adjusted
adjustment adjustment
Industry group
June May Apr. June May June June May Apr. June May June
1973 1973r 1973 1973p 1973r 1972 1973' 1973r 1973 1973p 1973 1972

Total Materials and supplies

All manufacturing industries, total.. 113,039 111,625 110,577 113,203 112,604 104,496 36,490 35,858 35,418 36,278 35S626 32,364

Durable goods industries, total............ 73,736 72,867 72,213 73,856 73,562 67,733 21,465 21,198 20,887 21,377 21,001 18,814
Stone, clay, and glass products.......... 2,607 2,524 2,477 2,651 2,606 2,419 870 853 831 869 852 791
Primary metals........................... 9,379 9,425 9,425 9,284 9,395 9,579 3,371 3,348 3,328 3,297 3,206 3,269
Machinery (electrical and nonelectrical). 26,739 26,383 26,005 26,977 26,800 23,878 7,239 7,157 7,017 7'293 7,196 6,114
Transportation equipment.................. 16,872 16,634 16,604 16,519 16,584 15,202 3,284 3,195 3,139 3,139 3,174 2,914
All other durable goods industries....... 18,139 17,901 17,702 18,425 18,177 16,655 6,701 6,645 6,572 6,779 6,573 5,726
Nondurable goods industries, total......... 39,303 38,758 38,364 39,347 39,042 36,763 15,025 14,660 14,531 14,901 14,625 13,550
Chemicals and allied products............ 7,028 7,036 6,998 7,049 7,078 6,885 2,574 2,507 2,456 2,573 2,499 2,371
Petroleum and coal products.............. 2,384 2,321 2,345 2,352 2,297 2,293 501 511 516 509 512 520
Rubber and plastics products, n.e.c...... 2,487 2,457 2,389 2,480 2,468 2,300 803 753 725 803 745 686
All other nondurable goods industries.... 27,404 26,944 26,632 27,466 27,199 25,285 11,147 10,889 10,834 11,016 10,869 9,973

Work in process Finished goods

All manufacturing industries, total.. 39,788 39,452 39,207 39,637 39,700 36,074 36,761 36,315 35,952 37,288 37,278 36,058
Durable goods industries, total............ 33,631 33,318 33,114 33,427 33,477 30,301 18,640 18,351 18,212 19,052 19,084 18,618
Stone, clay, and glass products.......... 357 347 332 365 361 331 1,380 1,324 1,314 1,417 1,393 1,297
Primary metals............................ 3,464 3,544 3,509 3,423 3,556 3,402 2,544 2,533 2,588 2,564 2,633 2,908
Machinery (electrical and nonelectrical). 12,146 11,964 11,801 12,133 12,061 10,633 7,354 7,262 7,187 7,551 7,543 7,131
Transportation equipment............... 12,130 11,999 12,064 11,930 11,966 10,732 1,458 1,440 1,401 1,450 1,444 1,556
All other durable goods industries....... 5,534 5,464 5,408 5,576 5,533 5,203 5,904 5,792 5,722 6,070 6,071 5,726
Nondurable goods industries, total......... 6,157 6,134 6,093 6,210 6,223 5,773 18,121 17,964 17,740 18,236 18,194 17,440
Chemicals and allied products............ 1,101 1,107 1,104 1,110 1,121 1,022 3,353 3,422 3,438 3,366 3,458 3,492
Petroleum and coal products.............. 541 530 542 553 537 510 1,342 1,280 1,287 1,290 1,248 1,263
Rubber and plastics products, n.e.c...... 388 391 381 385 387 363 1,296 1,313 1,283 1,292 1,336 1,251
All other nondurable goods industries.... 4,127 4,106 4,066 4,162 4,178 3,878 12,130 11,949 11,732 12,288 12,152 11,434


PPreliminary,
rRevised.


data)










OF MANUFACTURERS'


(Based


on seasonally adjusted data)


nen e raUnfilled orders shipments ratio'
Inventories shipments ratio
(months' backlog)
Industry group
June May Apr. June June May Apr. June
1973p 1973r 1973 1972 1973p 1973r 1973 1972

All manufacturing industries, total.................. 1.58 1.57 1.57 1.70 2.40 2.32 2.28 2.18
Durable goods industries, total........................... 1.88 1.85 1.87 2.05 2.84 2.75 2.70 2.62
Stone, clay, and glass products.......................... 1.26 1.20 1.22 1.32 (NA) (NA) (NA) (NA)
Primary metals........................................... 1.62 1.65 1.72 2.11 2.26 2.09 1.94 1.47
Fabricated metals........................................ 1.87 1.83 1.86 1.91 3.09 2.98 2.96 2.93
Machinery, except electrical............................. 2.51 2.51 2.51 2.74 2.91 2.87 2.82 2.60
Electrical machinery..................................... 2.14 2.12 2.05 2.19 3.39 3.32 3.18 3.25
Transportation equipment................................. 1.66 1.61 1.64 1.85 4.91 4.75 4.81 5.13
Instruments and related products......................... 2.36 2.34 2.27 2.42 (NA) (NA) (NA) (NA)
Nondurable goods industries, total......................... 1.22 1.21 1.21 1.30 0.58 0.57 0.57 0.4G
Food and kindred products................................ 0.91 0.91 0.89 0.98 (X) (X) (X) (X)
Tobacco products......................................... 4.65 4.52 4.68 4.51 (X) (X) (X) (X)
Textile mill products.................................... 1.68 1.64 1.67 1.73 (NA) (NA) (NA) (NA)
Paper and allied products................................ 1.11 1.09 1.12 1.21 (NA) (NA) (NA) (NA)
Chemicals and allied products............................. 1.25 1.31 1.29 1.45 (X) (X) (X) (X)
Petroleum and coal products.............................. 0.82 0.82 0.85 0.96 (X) (X) (X) (X)
Rubber and plastics products, n.e.c...................... 1.47 1.48 1.41 1.48 (X) (X) (X) (X)


Not available.


1Excludes the
vehicle assembly


following


PPreliminary.
industries with


rRevised.
no Unfilled


(X)
order:


Not applicable.
Wooden containers;


glass containers;


metal cans


barrels


and drums;


operations; foods and related products; tobacco; apparel and related products; chemicals; petroleum and coal products;


rubber and plastics products, n.e.c.


motor


and


GROUP











Appendix


The following is a description of the survey and


definitions used.


the meaning
represent ax


These are provided to clarify


involved and do not


of the items


revisions from those definitions


EXPLANATION OF TERMS


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


previously employed.


reported


DESCRIPTION OF THE SURVEY


The Manufacturers'


Shipments,


Inventories,


and Orders survey provides monthly figures that
are comparable to the annualtotalspublished 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,
penditures, and


selected items.


cost of materials,


inventories


as wel


capital ex-
l as other


The establishments do not provide


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


in the


ASM


which


are received


receivable net selling values, f.o.b.


discounts
charges an


plant, after


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


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

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


for others,


resales, receipts for miscellaneous


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 companies with 1,000 or more em-


ployees and a sample of the smaller ones.


reporting


unit typically


comprises


(


The
entire


operations of a company although many of the
larger diversified companies file separate divi-
sional type reports for their operations in different
industries.


Most of the reporting units include mixed
industry activity even within the broad industry


categories of the monthly survey. The survey
methodology assumes that the month-to-month
changes of the reporting units classified in each
industry category represent effectively the month-
to-month movements of the establishments in the
SIC industries which make up the category. Thus,
the monthly reports are used to update the ASM


estimates by using a
... _- .- i -


link relative of matched


With the ex-


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


dustry cai
industries,


te


'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


A -~l *




UNIVERSITY OF FLORIDA

IIll 1 26I IB )85Il 1 II li
3 1262 08589 4045


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, "atbook values." Since
different methods of inventory valuation are used
(LIFO, FIFO, etc.), the definition of the aggregate
inventories for establishments in an industry is
not precise. The figures on the change in inm-


ventories


from


one period


to the next are of


.
greater signxfxcance than the actual aggregates.

Inventories are reported by stage of fab


cation:
and (c)
inventor


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


m
ies.


materials, s
In using


applies, fuel
inventories


and other
by stage of


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


. ..


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 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.


net new orders


While both new orders and unfilled orders are
used in reviewing individual company reports for


consistency,


only unfilled orders are estimated


durable goods sectors,


it should be noted that a


directly in the tabulated totals.


New orders are


finished


product of one industry may be a raw


material for another industry at the next stage of


fabrication.


Insofar as the durable and nondurable


goods sectors and also the 2-digit industry groups
contain industries with successive stages of


derived from the shipments plus net change in
unfilled orders for each industry category. This
procedure is followed for seasonally adjusted data
as well as for the unadjusted data. Shipments and
unfilled orders are seasonally adjusted independ-


processing,


the same type of commodity may be


ently.


Seasonally adjusted new orders are derived


included under different inventory categories in
the aggregate statistics.


from seasonally adjusted shipments
sonally adjusted unfilled orders.


sea-


ri-