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:
August 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:
AA00008477:00070

Related Items

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

Full Text
C5~


A NITED STATES
DEPARTMENT OF
COMMERCE
PUBUCATION


CURRENT


'-A
f"afttI


INDUSTRIAL


acturers'
Stories,


I:
0
t.0*


REPORTS


Shipments,


and


Orders


August


1973


,ENT QF.C


* Social and Economic Statistics Administration BUREAU OF THE CENSUS


--. ,


FOR RELEASE:


October 3, 1973


SERIES:


M3-1(73)-8


SUMMARY


New orders for manufactured products in
August increased $410 million or 0.5 percent
to $75.56 billion from $75.15 billion in July
after seasonal adjustment. A decline of $380


million in new orders for durable goods was
more than offset by a $790 million increase in


new orders for nondurable goods. Shipments in
August decreased $735 million or 1.0 percent to
$72.51 billion. Unfilled orders increased $3.05
billion or 2.9 percent to $107.3 billion at the
end of August. Manufacturers' inventories in-
creased $960 million or 0.8 percent to $114.9
billion at the end of August. The inventories to
shipments ratio increased from 1.56 to 1.58.


craft and parts ($345 million), fabricated metal
products ($290 million) and nonelectrical
machinery ($175 million). Shipments of non-


durable


goods


increased


765 million or 2.4


percent to $33.24 billion in August. An increase
in the foods industries ($410 million) led the
overall increase in nondurables,

UNFILLED ORDERS

Unfilled orders of durable goods increased


$3.05 billion or 3.1 percent to $102.6


the end of August.


was


billion at


This increase was general


primary


metals


industries


($985 million).
INVENTORIES


Inventories of durable goods and nondurable


For the 3 months ending in August the average
month to month change in new orders increased
0.4 percent compared with a 1.6 percent increase
for the 3 months ending in May and a 1.6 percent


increase for the


months ending in February.


NEW ORDERS


goods increased
respectively in Au


level,


materials


$955


million


and $5 million


gust. At the all manufacturing
and supplies increased $520


million, work in process increased $610 million
and finished goods inventories decreased $165
million.


SCHEDULED RELEASE DATES


orders


for durable


goods


decreased


$380 million or 0.9 percent to $42.32 billion in


August.


The decrease was primarily attributable


to decreases in motor vehicles and parts ($450
million), nonelectrical machinery ($325 million),
and fabricated metalt products ($185 million).


These
increase
Among


d
ie


ecreases
in prir


were


mary


partially


metals


the supplementary


($5


offset by an
15 million).


series, the capital


goods industries increased $220 million with
the defense component increasing $680 million.
New orders for household durables decreased
$175 million t9 $2.98 billion in August.


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 September
is scheduled for release on October 23, 1973 and


report


is scheduled


November 1, 1973.
For an explanation


terms


for release


used in this


report see appendix following table 5.


SHIPMENTS


Shipments of durable goods decreased $1.50


I.. *1W 4% .-~ A'flC. nfl *q.


Inquiries concerning these figures should be
addressed to the U.S. Department of Commerce,


* 11 -










Table 1.--VALUE


OF MANUFACTURERS' SHIPMENTS, INVENTORIES,

(Millions of dollars)


Industry


tries:
Total..
Total,


0O


metals,


paper


group


indus-


trans-
"O*t, .. a


total.


t


Blast furnaces,
Nonferrous meta
All other prima

Fabricated metal


otal.........
steel mills.
Ll5........* .


0ry


metals....


products


total....,.. ...... ...... .
Metal cans, barrels, and
drums.....................


Machinery,


except


electrical


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


Engines


Farm machinery
Construction,


and equipment.
mining, and


material handling equipment.


Metalworking


General


indus


Electrical mach


Electrical
distribute
industrial
Household a


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


Communication


equipment.....


Transportation equipment,


Motor


vehicles


total


and parts....


Aircraft,


Shipbuilding


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


Instruments
products, t
Scientific
All other
related p

All other d


urable


industries,......


goods
.*a.,.t..t,.


goods industries


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


Food and kindred


products,


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


Pulp,


Paperboard
All other

Chemicals an


U.S....,.


ntainers,.

products,


total.....U...............*..


Industrial


except


U iREltents a a t a S ....


Shipments


Seasonally


72,512

62,437

39,276

2.063


4.317


4,072


33.236


5.719


73,248

62,075

40,779

2,075


Without season
adjustment


70.729


2,498

368


1,154
551

603


4,330


33,404


11,559
2,959
938

559
2.572


67,354

58,203

36,640

2.045


2,623

371


1,119
576

543


3,880


30,714


10,806
2,750
838

517
2.200


I


61,578

54,492

32,367

2,072


2,232

357


1,119
557

562


3,904


29.211


4,798

1 373


71,616

61,387

39,257

2,072


1. n^ /


14,8731

97,568

75,234

2.741


96,881

74,278

2.669


1,278


6,993


39,632


10,135
1,067
802

2,331
4,349


3,006
1,038
894
1,074


7,136


96,048

73,801

2.593


1,236


7,032


39,224


10,042
1,047
906

2,343
4,317


2,992
1,039
886
1,067


7.046


Without seasonal
adjustment'

Aug. July Aug.
1973 1973 1972


114,432

97,088

75,140

2.700


1,362


7,076


39.292


113,367

96,712

74,051

2,691

9,307
4,752
3,444
1,111


8,412

782


1,305


7,035


39,316


3,053
1,045
913
1,,095


7,168

1 947


105,552

89,419

68,639

2,382

9,671
5,307
3,423
941


7,654

782


13,695
1,188
1,176

2,532
1,094
1,190
10,117


2,135
1,003
969
2,882

16,133
4,942

9,037

1.440


1,126


6,310


36,913


9,377
858
672

2,085
3,984


2,844
1,065
843
936


6,881

I CSR


adjusted


GROUP


All manufacturing


excluding


portation......

oods industries


Durable g

Stone, c

Primary


lay, and glass products.
a


and turbines........


machinery,.,.,,
trial machinery
inery, total...


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


missiles,


and railroad


and related


and engineering..
instruments and
roducts..*,....,.


Nondurable


Tobacco
Textil

Paper


products.....


e mill products.....

and allied products,


, etci,,n.......
containers*******


paper co

d allied


chemcials,


. .










-VALUE OF MANUFACTURERS' SHIPMENTS


(Millions of dollars)


Industry


portation.....


Durable g

Primary


All other durable


Industries
orders...


group


indus-


*... ....
trans-


, total.


goods industries


metals,


Blast furnaces


Nonferrous


total. .mil...

. steel mills,


metals....


Fabricated metal


Machinery,
total....

Engines


products.....

electrical,


and turbines........


mining,


material handling equipment.


machinery......


General industrial machinery.


Electrical

.Electrica


machinery,


total...


transmission


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


Transportation


Aircraft,


equipment,


missiles,


without unfilled
S..*9*955 S*t*w4*S*t**


goods


industries.,..........


Nondurable


Industries


New orders


Seasonally


75,556

64,824

42,319

7,173


451
1,311


10,732


2,851

528


7,303


33,237


8,324

24,913


adjusted


5,008


6,902

681

1,433
408
634

5,676



1,138
673
661
888


10,980


2,698

504


7,473


32,448


8,242

24.206


75,361

64,032

43,016

7,015


508
1,251


11,329


3,269

867


7,599


32,345


8,186

24.159


Without


seasonal


adjustment


4,884


6,253

469

1,300
368
536

5,659



1,069
747
486
1,295


9,029


2,761

374


7,661


33,327


8,357

24,970


70,068

60,091

39,411

5,670


4,681


6,267

548

1,333
387
562

5,558



1,053
677
564
1,129


9,977


3,247

467


7,258


30,657



7,525

23.132


62,329

54,996

33,143

4.987


603
644
517
1,091


7,333


2,491

288


7,058


29,186


7,535

21.651


Unfilled


Seasonally


77,704

102,607

14,799

10.530
2,546

13,191


19,100

5,174


adjusted


104,246

75,314

99.560


UZJo3

73,229

97,647

13,181

9,089
2,560

12,285


17,926

4.978


17,984



4,791
136
629
6,403


29,126


19,009

6,214


7,145


4,708


4,708

>-


orders


Without


adjustment


106,055

76,332

101,427

13,263

9,045
2,521

13,195


19,048


5.160


19,377

6,268


103,699

74,529

98,995

12,852

8,731
2,506

12,696


18,484

5,120


18,360



4,967
145
729
6,114


29,170


19,115

6,262


7,433


4,704


4,704


10,387


13,338

3,923

2,576
911
1,265

14,846



3,729
129
653
5,978


24,809


17,401

4,729


6,165


3,597


3.597


- Represents


~Pre1iuinary.


Revised.


'Adjusted for trading-day and calendar-month


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


Total,


excluding


except


Construction,


Metalworking


parts.bui.. **di 4 ******* a
Shipbuilding and railroad
equipment....,*..,.,.,.......


goods industries,


with unfilled


orders...*.................









OF MANUFACTURERS' SHIPMENTS, INVENTORIES, AND ORDERS, FOR MARKET


(Millions


of dollars)


Industry


All manufacturing


Nondurable goods industry


groups


group


industries,

, total....
ies, total.


total..


* *. .


market


categories:
Home goods and apparel.......
Consumer staples............,.
Equipment and defense products
automotive...................


except


supplies,


intermediate products..........
Other materials and supplies and


Household durable goods industries..
Capital goods industries..........


Nondefense.
Defenses...


** 9 4 S 4 9 9. 9* *( 9 9 5 9 (* 9 9 9
.....*... ..... .... ..... ***


All manufacturing


goods


industries


industries


to


Nondurable goods industries,


groups


arranged


total.


* ~9~*~~*
* a,..,..


and apparel*..........


Consumer staples.............,....


products, except


automotive........ .............
Automotive equipment...........


Construction materials,


supplies


intermediate products..........
Other materials and supplies and
intermediate products..........

Supplementary series:2


Household durable


goods


,,...i...

and
4.....*9*t


industries......


Capital goods industries
Nondefense............


easonally adjusted


Without


seasonal


adjustment


Shipments


72,512

39,276
33,236



6,701
14,286

9,932
7,590

5,848

28,155


3,071
11,652
10,091
1,561


73,248

40,779
32,469



6,541
13,837

10,480
8,344

6,098

27,948


3,095
12,138
10,465
1,673


70,729

37,325
33,404



7,311
14,263


67,354

36,640
30,714


61,578

32,367
29,211



6,554
12,372


New orders


75,556

42,319.
33,237,



6,571
14,291

10,910
7,861

6,326

29,597


2,981
12,823
10,943
1,880


communicate


75,145

42,697
32,448



6,642
13,846


75,361

43,016
32,345



6,778
13,738

11,520
7,708


29,377


3,078
13,590
11,415
2,175


70,068

39,411
30,657


6,292

26,551


2,950
12,591


ions, aircraft and aircraft


ders, and total inventories of work
s. PPreliminary. rRevised.


performed for
'Shipments


62.329


Seasonally


adjusted


Without


seasonal


adjustment


Total inventories


114,873

75,234
39,639



12,833
15,296

29,412
6,764

9,667

40,901


5.999


107.294


33,143 10
29.186


parts,


2.754


12,264

40,092


2,200
57,945
37,157
20,788


113.910 113


74,278
39,632



12,707
15,254

28,912
6,708

9.446

40,883


5,936
32,740
27,306
5,434


104.246


2,877


50,932


11,785

38,652


2,288
56,773
36,303
20.470


73,801
39,224



12,586
14,976

28,680
6,753

9,378

40,652


5,904
32,490
27,013
5,477

Unfilled


102,355

97,647
4,708




2,770


50,683


11,477

37,425


2,230
56,308
35,364
20.944


and shipbuilding industries


the Department
and new orders


of Defense.
adjusted fo


The results
ir trading-day


432


Durable


13,367

74,051
39,316


71,616

39,257
32,359



6,681
13,734

10,279
7,436

6,021

27,465


2.975


32,701


goods industries


of these


105,552

68,639
36,913



11.568
14,101

26,135
6,395

8,500

38,853


5,418


75,140
39,292



12,885
15,053

29,172
6,876

9,649

40,797


6,047
33,048
27,535
5,513

orders


106,055

101,427
4,628




2,897


52,225


12,261

38,672


2,352
58,053
37,243
20,810

began to


80,005

76,408
3,597




2,473


41,502


9,766

26,264


2,000
46,949
27,632
19,317

aggre-


reports are


and calendar-month


variations; unfilled orders


and inventories as of


end of month.


2The


supplementary


series


are regroupings of


the separate industry


categories


as follows:


Household


durable


appliances;


goods


ophthalmic


industries


goods,


- Household


watches,


furniture;


kitchen


articles


and pottery;


cutlery,


goods.


Capital goods industries


Products
Nondefense
(excludin


(old series)


household


appliances


- The capital goods industries series is comparable
categories.


(excluding


and electronic components),


and the


to the previous Producers'


Capital


Goods and the Defense


farm machinery and equipment and machine shops), electrical machinery


nondefense


portions


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 parts, and shipbuilding.


The data are comparable to those published annually in


the MA-175,


51,123

11,866

37,688


2,420
56,966
36,296
20,670

provide


4,876


Industry


arranged


Automotive
Construction


equipment...
n materials,


intermediate

Supplementary s


40,895


products..


eries:2


Durable


Industry


tal.....
total.

market


categories:
Home goods


Equipment and


defense


During
gate figure
included in


1968 manufacturers
s on shipments, or
the defense series


in ordnance


and clocks;


products Machinery, except electrical


and miscellaneous personal


handtools,


and hardware;


household


of shipbuilding and


Table


I












AND ORDERS MONTH-TO-MONTH AND IONG


CHANGES


(Based


on seasonally


adjusted


Item and


Shipments:
All manufacturing


Durable


goods


Nondurable


industry


group


industries..


industries,


total-


goods industries,


Total inventories:
All manufacturing

New orders:
All manufacturing


Durable go
Nondurable


Unfilled


*. ,

.*. ,.*. .


total


industries


industries


ods industries,


total


goods industries,


total.


orders:


Durable goods industries, total........


Month-to-month


July-
Aug.
1973


'1.3
+0.8


+4.0


Ave rage


May-
R. 1973


+3.0


monthly


3 months

Feb.-
dav 1973


IU. +

+3.4


rates of change


+1.1


*0.6


months


+1.1

+1.1
+1.1


40.7


+1.3
+1.4
+1.1


+2.5


rage,


Average
rise


+1.0


1967-72


Average
decline


-1.2


-0.1


-1.1


Table 4.--VALUE


OF MANUFACTURERS


INVENTORIES


BY STAGE


OF FABRICATION


BY INDUSTRY GROUP


(Millions


of dollars)


Without seasonal Without seasonal
Seasonally adjusted aut Seasonally adjusted aute
adjustment adjustment
Industry group
Aug. July June Aug. July I Aug. Aug, July June Aug. July Aug.
1973' 19731 1973 1973p 1973 1972 1973 1973 1973 1973 1973 1972

Total Materials and supplies


All manufacturing industries, total.. 114,873 113,910 113,025 114,432 113,367 105,552 37,591 37,071 36,434 37,664 36,936 33,477
Durable goods industries, total............ 75,234 74,278 73,801 75,140 74,051 68,639 22,002 21,721 21,424 22,353 21,792 19,966

Stone, clay, and glass products......... 2,741 2,669 2,593 2,700 2,691 2,382 837 886 865 838 886 797
Primary metals........................... 9.336 9,452 9,391 9,214 9,307 9,671 3,363 3,389 3,326 3,408 3,343 3,355
Machinery (electrical and nonelectrical). 27,386 27,018 26,755 27,274 27,032 23,812 7,607 7,411 7,245 7,646 7,534 6,196
Transportation equipment.................. 17,305 17,029 16,977 17,344 16,655 16.133 3,413 3,413 3,433 3,480 3,175 3,340
All other durable goods industries....... 18,466 18,110 18,085 18,608 18,366 16,641 6,782 6,622 6,555 6,981 6,854 6,278

Nondurable goods industries, total........ 39,639 39,632 39,224 39,292 39,316 36,913 15,589 15,350 15,010 15,311 15,144 13,511
Chemicals and allied products............ 7,152 7,136 7,046 7,111 7,168 6,881 2,618 2,623 2,559 2,614 2,643 2,395
Petroleum and coal products.............. 2,394 2,412 2,335 2,404 2,398 2,360 566 520 490 564 524 496
Rubber and plastics products, n.e.c...... 2,546 2,532 2,484 2,504 2,491 2,300 867 840 799 881 850 714
All other nondurable goods industries.... 27,547 27,552 27,359 27,273 27,259 25,372 11,538 11,367 11,162 11,252 11,127 9,906

Work in process Finished goods

All manufacturing industries, total.. 40,730 40,121 39,886 40,634 39,933 36,399 36,552 36,718 36,705 36,134 36,498 35,676
Durable goods industries, total........... 34,504 33.944 33,735 34,398 33,717 30,571 18,728 18,613 18,642 18,389 18,542 18,102

Stone, clay, and glass products......... 371 355 355 366 357 323 1,533 1,428 1,373 1,496 1,448 1,262
Primary metals.......................... 3,475 3,514 3,493 3,404 3,468 3,457 2,498 2,549 2,572 2,402 2,496 2,859
Machinery (electrical and nonelectrical). 12,574 12,358 12,237 12,547 12,267 10,759 7,205 7,249 7.273 7,081 7,231 6,857
Transportation equipment................. 12,356 12,133 12,100 12,328 12,034 10,956 1,536 1,483 1,444 1,536 1,446 1,837
All other durable goods industries....... 5,728 5,584 5,550 5,753 5,591 5,076 5,956 5,904 5,980 5,874 5,921 5,287

Nondurable goods industries, total......... 6,226 6,177 6,151 6,236 6,216 5,828 17,824 18,105 18,063 17,745 17,956 17,574

Chemicals and allied products............ 1,152 1,117 1,103 1,143 1,114 1,018 3,382 3,396 3,384 3,354 3.411 3,468
Petroleum and coal products............. 530 533 530 526 538 519 1,298 1,359 1,315 1,314 1,336 1,345
Rubber and plastics products, n.e.c...... 400 399 389 401 398 378 1,279 1,293 1,296 1,222 1,243 1,208
All other nondurable goods industries.... 4,144 4,128 4,129 4,166 4,166 3,913 11,865 12,057 12,068 11,855 11,966 11.553


PPreliminary.
rRevised.


data)


+1.3









OF MANUFACTURERS' INVENTORIES TO SHIPMENTS AND UNFILLED ORDERS TO SHIPMENTS, BY INDUSTRY GROUP


(Based


on seasonally adjusted data)


oe sht ri Unfilled orders shipments ratio
Inventories shipments ratio \
(months' backlog)
Industry group
Aug. July June Aug. Aug. July June Aug.
1973P 1973r 1973 1972 1973P 1973r 1973 1972


industries


total.


Durable goods industries, total....


* .......... .... ... ....t**w *


Machinery, except electrical.......
Electrical machinery..............
Transportation equipment...........
Instruments and related products...


Food and kindred products....
Tobacco products............
Textile mill products........
Paper and allied products....
Chemicals and allied products
Petroleum and coal products..
Rubber and plastics products,


total..


... ~ *~*~ *4 *P~~ *


(NA) Not available.


~Prelimin


ary.


rilevised,


Excludes the following industries with no unfilled


(X)
order:


Not applicable,
Wooden containers;


glass containers;


metal


barrels and


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


products; and


All manufacturing


Stone,


clay, and glass products..


Primary metals........
Fabricated metals...,.


Nondurable


goods industries,


1.92


1.19


1.22


drums:


motor


Table










Appendix


The following is a description of the survey and


definitions used.


These are provided to clarify


EXPLANATION OF TERMS


me meaning
represent ai


of the items


involved and do not


revisions from those definitions


previously employed.

DESCRIPTION OF THE SURVEY


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


reported


ASM


which


receivable net selling values,
discounts and allowances anc


are received


f.o.b.


plant, after


d excluding freight


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,


penditures, an
selected items.
information onr


cost of materials,
inventories as we


l 1


capital ex-
I as other


The establishments do not provide


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.


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.


annual survey.


In the


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 materials by other


industries within the industry group.


The monthly reporting panel consists of ap-
proximately 5,000 reporting units and includes


With the ex-


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


virtually all


companies with 1,000 or more em-


ployees and a sample of the smaller ones.


dustry ca
industries,


te


igories 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-
siona 1 type reports for their operations in different
industries.

Most of the renortinf units include mixed


I I0


industry activity even within the broad industry


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


estimates by using a


link relative of matched


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




UplIV "Iri tW hr- FL.K1Ut
I 1 I lII I In III I III I i
8 3 1262 08589 4342


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


reports,
changes


it is assumed that the month-to-month


company


sales


in the industry are


representative of the month-to-month shipments
of the establishments in the industry.


New Orders Received


and Unfilled Orders--


Orders as reported in the monthly survey are ner
of cancellations during the month They include
orders received during the period and also filled
during the period as well asthose 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, "atbook values."Since
different methods of inventory valuation are used
(LIFO, FIFO, etc.), the definition oftheaggregate
inventories for establishments inm 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;


inventories.


materials, s
In using


applies, fue]
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,


finished


it should be noted that a


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


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


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 onthe amount; otherwise, only the funds


specific
cluded.


lly


authorized


to be expended are


The respondent is instructed to deduct


the sales value of paritialor complete cancellation
of existing orders.

Unfilled orders include orders as defined above
that have not yet passedthroughthe 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 estiWat0d
directly in the tabulated totals. New orders
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-
ently. Seasonally adjusted new orders are derived
from seasonally adjusted shipments and sea-
sonally adjusted unfilled orders.