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:
October 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:
AA00008477:00072

Related Items

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

Full Text
YABo~ ~1 ~


A UNITED ATES
DEPARTMENT OF
P CATION


*


Iv' J


I'URE
CURRENT


INDUSTRIAL


Manufacturers'
Inven j"

tt .L4j


REPORTS


Shipments,
and Orders


ctober


1973


U. S. DEPARTMENT OF COI


,jE Social and Eco.ri
&fl & SLJ


Statistics Administration BUREAU OF THE CENSUS


FOR RELEASE:


December 3, 1973


*t~4 ..*'


SERIES:


M3-1(73)-10


SUMMARY


New orders for manufactured products
in October increased $2.30 billion or 3.1
percent to $77.43 billion from $75.13 billion in
September after seasonal adjustment. Shipments
increased $1.99 billion or 2.7 percent to $75.05
billion from $73.06 billion in September. Un-
filled orders increased 2.38 billion or 2.2percent
to $111.79 billion at the end of October. Manu-
facturers inventories increased $950 million or
0.8 percent to $117.07 billion at the end of October.
The inventories to shipments ratio decreased from
1.59 to 1.56.
For the 3 months ending in October, the
average month to month change in new orders
increased 1.0 percent compared with an 0.8
percent increase for the 3 months ending in July
and a 1.5 percent increase for the 3 months
ending in April.

NEW ORDERS
New orders for durable goods in October
increased $1.69 billion or 4.0 percent to $43.95
billion. The October increase was widespread
but was led by increases in primary metals
($450 million), nonelectrical machinery ($345
million), and electrical machinery ($285million).

SHIPMENTS
Shipments of durable goods increased $1.41
billion or 3.5 percent to $41.57 billion in October.
The October increase was led by primary metals
($440 million), fabricated metal products ($330
million) and motor vehicles and parts ($290
million). Shipments of nondurable goods increased
$585 million or 1.8 percent to $33.49 billion. The
nondurable goods increase was led by food
products ($230 million) and chemicals ($115
million).


UNFILLED ORDERS


Unfilled orders of durable goods increased
$2.38 billion or 2.3 percent to $107.10 billion at
the end of October. This increase was influenced
primarily by large increases in nonelectrical
machinery ($885 million), aircraft and parts
($525 million), fabricated metal products ($440
million) and electrical machinery ($425 million).

INVENTORIES
Inventories of durable goods and nondurable
goods increased $580 million and $370 million
respectively at the end of October. At the all
manufacturing level, materials and supplies in-
creased $505 million, work in process increased
$375 million and finished goods inventories in-
creased $65 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 November is
scheduled for release on December 21, 1973 and
the full report is scheduled for release on
January 3, 1974.


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 the Census, Industry Division, WASH-
ington, D.C. 20233.









Table 1.--VALU E.OF MANUFACTURERS' SHIPMDENTS, INVENTORIES, AND ORDERS, BY INDUSTRY GROUP


(Millions


of dollars)


Industry


group


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


Total,


excluding


indus-


trans-


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


Durable g

Stone, e

Primary


goods industries,


total.


clay, and glass products.


metals,


Blast furnaces, s
Nonferrous metals
All other primary


Fabricated


teel mills.

metals....*


metal products


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


Machinery,


except


electrical,


total....,..... **............


Engines


and turbines........


Farm machinery and equipment.


Construction,


mining,


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


General indc
Electrical ma
Electrical
distribute
industrial
Household a


lustrial
chinery,


machinery
total...


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


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

Transportation equipment, total


Motor vehicles


Aircraft,


Shipbuilding


and parts....


missiles,


and railroad


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

Instruments and related
products, total.............**
Scientific and engineering..
All other instruments and


related


products......... .


All other durable


goods


industries...***................**


Nondurable


goods


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


Tobacc
Textil

Paper


industries


products


o products.......
e mill products..

and allied oroduc


ts,


total.........*.............


nulp, pape
Paperboard
All other


ry etc f.....*.....
containers.......
paper containers..


Chemicals and allied
total.............


Industrial


checilals,


products,


except


pigments...


oap,


and toiletries.


and coal products...


plastics


All other nondurable


products,


goods


75,054

64,228


5.691


... I


73,060

62.363


2,918

398


1,192
595

597


4,085


32.898


5.575


5.694


40mi1


34,336


11,982
I =7C


2.092


2,500

392.


1,209
614

595


3,994


30,164


10,012
2,378
627

495
2.323


Total inventories


o ,.- TI. ....*-t without seasonal
Seasonally adjusted Without seasonal
adjustments

SOct. Sept. Aug. Oct. Sept. Oct.
1973p 1973r 1973 1973p 1973t 1972


99,269

76,828


* ww


40,237


10,145
1,068
622


116,114

98,424


114,907

97,579


116,331

98,434

76.271


2.597


115,045

97,304

75,707

2,614

9,212
4,724
3,334
1,154


8,507

690


7,113


39.338


9,944
1,024
545


106,105

89 923

68,958


9,187

1.577


Drugs, s

Petroleum
Rubber and





J 2e


I









OF MANUFACTURERS'


(Millions


of dollars)


Industry


group


11 manufacturing
tries:


Total.....


Total,


exc


indus-


ludn.......g trans-
luding trans-


portation


Durable g

Primary


oods industries,


metals,


Blast furnaces


Nonferrous

Fabricated m

Machinery, e


met


total.


total....... *

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


metal products.....


except


electrical,


total.*,... ..9 .....** ..*...a


Engines


and turbines........


Construction,


mining,


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


Electrical ma

Electrical
distribute
industrial
Household a


~hinery,


total...


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


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

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


Aircraft,


S


All


missiles,


parts..*****...*...........*
shipbuilding and railroad
equipment.. .................

other durable goods


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

Nondurable goods industries,
totaldui....**.*w,,**..ihu,.,n.

Industries with unfilled
orders.......................


without


unfilled


............................


New orders


Unfilled


orders


Without seasonal Without seasonal
Seasonally adjusted adjustment' Seasonally adjusted adjustmentt


Oct. Sept. Aug. Oct Sept. Oct. Oct. Sept. Aug. Oct. Sept. Oct.
1973 1973r 1973 1973 1973r 1972 1973 1973r 1973 1973p 1973r 1972


66,039


75,129


7,150


79.,047

67,359

44,442

6,415

2,911
2,457

5,217


7,220

653

1,508
483
661

5,936



1,123
679
590O
1,173


11,688


3,026

472


7,966


34,605


8,953

25,652


6,095


67,957

57,553

37,690

5,207

2,554
1,849

4,220


5,555

465

922
314
535

5,126



957
622
535
1,127


10,404


2,573

458


7,178


30,267


7,963

22,304


111,787

81,344

107,098

14,923

10,246
2,722

14,281


20,685

5.392


109,410

79,532

104,716

14,857

10,459
2,582

13,842


19,798

5,255


107,344

77,746

102,621

14,798

10,540
2,528

13,206


19,118

5,200


109,970

79,601

105,354

13,295

8,802
2,580

14,262


20,542


5.392


107,800

77,941

103,198

13,200

8,963
2,448

13,889


19,590


5,231


- Represents
'Adjusted fo


r trading-day


and calendar-mon


Revised.
th variations.


Industries


Preliminary.









Table 2.-VALUE


OF MANUFACTURERS' INVENTORIES, CATIrORIES


AND ORDERS,
of dollars)


SKI flAENTS,


(Millions


FOR MARKET


AND SUPPLPIENTARY


SERIES


Without seasonal Without seasonal
Seasonally adjusted adjustmenta Seasonally adjusted adjustment
adjiustisent' adjustment
Industry group
Oct. Sept. Aug. Oct. Sept. Oct. Oct. Sept. Aug. Oct. Sept, Oct.
1973 1973r 1973 1973p 1973r 1972 1973p 1973r 1973 1973p 1973r 1972

Shipments Total inventories


All manufacturing industries, total.. 75,054 73,060 73,021 76,877 75,281 67,222 117,065 116,114 114,907 116,331 115,045 106.105

Durable goods industries, total........... 41,569 40.162 39,633 42,285 40.945 37,058 76,828 76,249 75.213 76,271 75,707 68,958
Nondurable goods industries, total......... 33.485 32,898 33.388 34.592 34,336 30.164 40,237 39,865 39,694 40.060 39,338 37,147

Industry groups arranged by market
categories:
Home goods and apparel.. ,.............. 6.796 6.683 6.616 7.398 7,329 6,692 13.151 12.929 12,842 12.789 12.741 11.301
Consumer staples.....................,. 14.397 13,929 14,472 15,048 14,800 12,901 15,612 15,417 15,345 15,842 15.302 14.514
Equipment and defense products, except
automotive............................ 10.219 10,433 9.954 10,161 10.569 8,966 30.239 29.820 29,464 30.068 29.527 26.563
Automotive equipment................... 8,313 7,898 7,807 8.715 7,515 7.799 7,038 7.084 6,749 7,040 7.126 6,157
Construction materials, supplies, and
intermediate products................... 6,125 5,928 5,928 6,407 6,354 5.740 9.679 9,760 9,590 9,499 9,615 8.666
Other materials and supplies and
intermediate products................... 29,204 28,189 28.244 29.148 28.714 25,124 41.346 41.104 40,917 41,093 40.734 38,904

Supplementary series:2
Household durable goods industries....... 3.110 3,042 3,084 3,368 3,378 2,968 6,198 6,065 5.998 6,057 5.992 5,320
Capital goods industries............... 12,112 12,032 11.687 12,043 12,240 10,505 34,804 33,691 33.351 34.073 33,451 29,919
Nondefense........................... 10,398 10.425 10,135 10.352 10,585 8,954 29,280 28,163 27.796 28.514 27,937 24,937
Defense ............................... 1,714 1,607 1.552 1,691 1,655 1,551 5,524 5,528 5,555 5,559 5,514 4.982

New orders Unfilled orders


All manufacturing industries, total.. 77,429 75,129 76,113 79,047 76,978 67,957 111,787 109,410 107,344 109,970 107,800 82,667

Durable goods industries, total............ 43,952 42.259 42,689 44,442 42.703 37,690 107,098 104,716 102.621 105.354 103.198 78.927
Nondurable goods industries, total......... 33.477 32,870 33.424 34.605 34.275 30,267 4,689 4,694 4.723 4,616 4,602 3,740

Industry groups arranged by market
categories:
Home goods and apparel................... 6,865 6.732 6.491 7,365 7,359 6.679
Consumer staples..................... 14,396 13,926 14,480 15,064 14.803 12,911 2.877 2.806 2.761 2.917 2933 2.557
Equipment and defense products, except
automotive..,........................... 11,271 11,107 10,939 11,245 11.087 9,369 54099 53,052 521 54056 52929 43040
Automotive equipment................... 8,310 8,105 8.060 8,760 7,708 7,909 1 53,052 52173 54056 52.929 43,040
Construction materials, supplies, and
intermediate products................... 6,606 6,458 6,417 6,831 6,948 5,657 13,286 12,805 12,274 13,288 12,864 9,921
Other materials and supplies and
intermediate products................... 29.981 28,801 29,726 29,782 29,073 25,432 41.525 40.747 40,136 39,709 39.074 27.149

Supplementary series:2
Household durable goods industries....... 3.175 3.055 2.996 3.344 3,379 2,954 2,280 2.213 2.201 2.329 2,353 2,085
Capital goods industries................. 13,566 12,832 12,887 13,577 12,885 11.087 60.223 58,771 57.974 60,260 58.725 48,796
Nondefense.......... ................... 11,632 11,267 11,032 11,537 11,272 9,538 39,273 38,042 37,202 39,162 37,976 29.116
Defense ............................... 1,934 1.565 1.855 2,040 1,613 1.549 20,950 20,729 20,772 21,098 20.749 19,680


#During 1
gate figures
included in
variations;


968 manufacturers


on shipments,


the defense


unfilled


orders


in ordnance,


orders,


series.


communications,


and total inventories
PPreliminary. rR


and inventories


aircraft


and aircraft


of work performed


evised.


parts,


and shipbuilding


for the Department


'Shipments


as of end of month.


and new orders


supplementary


series


industries


of Defense.
adjusted fo


are regroupings


began to


The results of


ir trading-day


provide


aggre-


these reports


and calendar-month


of the separate


industry


categories


as follows:


Household dur
appliances;


Capital


a


goods


Products
Nondefense
(excludin
equipment


Defense


ble goods
ophthalmic
industries


(old series)
products M
g household


industries
goods, wa


- Household


tches,


- The capital
categories.


achinery,


appliances


colTnuflitation


products


communications,


except


equipment,


- Based on separate


aircraft


and alrcra


furniture;


and clocks;


goods


industries


electrical


and electronic


aircraft
reports
ft parts


kitchen


articles


and miscellaneous


series


(excluding
components ,


t and aircraft part
on defense work fll
, and shipbuilding.


and pottery;


personal


cutlery,


handtools,


and hardware;


household


goods.


is comparable to the previous

farm machinery and equipment a
and the nondefense portions of


,s,


Producers'


Capital


nd machine shops),
shipbuilding and


Goods and the Defense


electrical
repairing


machinery
and railroad


and ordnance.


ed by large
The data


defense


contractors


are comparable


in the following


industries:


to those published annually in the


ordnance,
MA-175,


specified industries.










AND LONG TERM PERCENT


(Based


on seasonally


adjusted


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

3 months 12 months
Item and industry group Sept.- Aug.- July-
O--- --- A- Average Average
Ot3 193 9Aug. July- Apr.- Jan.- Oct. 1972 rise decline
11 jOct. 1973 July 1973 Apr. 1973 Oct. 1973


Shipments:
All manufacturing industries......... +2.7 +0.1 -0.3 +0.8 +1.3 +1.0 +1.2 +1.3 -1.2

Durable goods industries, total........ +3.5 +1.3 -2.8 +0.7 +1.8 +0.7 +1.1 +1.9 -1.6
Nondurable goods industries, total..... +1.8 -1.5 +2.8 +1.0 +0.7 +1.3 +1.2 +0.9 -0.7

Total inventories:
All manufacturing industries......... +0.8 +1.1 +0.9 +0.9 +1.0 +0.7 +o0.8 +0.5 -0.1
New orders:
All manufacturing industries,......... +3.1 -1.3 +1.3 +1.0 +0.8 +1.5 +1.3 +1.8 -1.5
Durable goods industries, total......... +4.0 -1.0 0.0 +1.0 +1.1 +1.8 +1.4 +2.8 -2.4
Nondurable goods industries, total..... +1.8 -1.7 +3.0 +1.0 +05 +1.3 +1.1 +1.0 -0.6
Unfilled orders:
Durable goods industries, total........ +2.3 +2.0 +3.1 +2.5 +3.2 '2.9 +2.5 +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 du eSeasonally adjusted
adjustment adjustment
Industry group
Oct. Sept. Aug. Oct. Sept. Oct. Oct. Sept. Aug. Oct. Sept. Oct.
1973 19731' 1973 1973p 1973r 1972 1973 1973 1973 1973 1973r 1972

Total Materials and supplies

All manufacturing industries, total.. 117,065 116,114 114,907 16,331 115,045 106,105 38,682 38,175 37,594 38,676 38,090 33,657
Durable goods industries, total............ 76,828 76,249 75,213 76,271 75,707 68,95E 22,961 22,621 22,080 23,098 22,889 19,970
Stone, clay, and glass products........,.. 2,719 2,702 2,67E 2,597 2,614 2,344 935 914 910 930 918 801
Primary metals............. .............. 9,233 9,323 9,346 9,197 9,212 9,681 3,380 3,355 3,377 3,496 3,450 3,396
Machinery (electrical and nonelectrical). 28,213 27,786 27,423 27.982 27,515 23,99( 7,914 7,769 7,602 7,827 7,706 6,233
Transportation equipment.................. 17,796 17,690 17,32E 17,897 17,741 16,182 3,626 3,667 3,407 3,706 3,761 3,272
All other durable goods industries....... 18,867 18,748 18,437 18,598 18,625 16,753 7,106 6,916 6,784 7,139 7,054 6,268
Nondurable goods industries, total......... 40,237 39,865 39,0694 40,060 39,338 37,143 15,721 15,554 15,514 15,578 15,201 13,687
Chemicals and allied products............ 7,160 7,175 7,140 7,000 7,043 6,84 2,666 2,640 2,627 2,630 2,619 2,383
Petroleum and coal products.............. 2,503 2,391 2,388 2,566 2,412 2,40{ 544 556 559 538 544 496
Rubber and plastics products, n.e.c...... 2,583 2,551 2,539 2,538 2,501 2,286 923 890 866 919 895 697
All other nondurable goods industries.... 27,991 27,748 27,627 27,956 27,382 25,60E 11,588 11,468 11,462 11,491 11,143 10,111

Work in process Finished goods

All manufacturing industries, total.. 41,417 41,040 40,711 41,339 40,896 37,387 36,966 36,899 36,602 36,316 36,059 35,061
Durable goods industries, total........... 35,079 34,742 34,461 35,030 34,617 31,485 18,788 18,886 18,672 18,143 18,201 17,499
Stone, clay, and glass products.......... 393 377 373 365 363 30, 1,391 1,411 1,398 1,302 1,333 1,239
Primary metals........................... 3,455 3,496 3,477 3,402 3,420 3,44( 2,398 2,472 2,492 2,299 2,342 2,845
Machinery (electrical and nonelectrical). 12,969 12,675 12,539 12,969 12,646 10,931 7,330 7,342 7,282 7,186 7,163 6,834
Transportation equipment........,......... 12,609 12,439 12,38, 12,647 12,443 11,53! 1,561 1,5h4 1,537 1,544 1,537 1,371
All other durable goods industries....... 5,653 5,755 5,69 5,647 5,745 5,275 6,108 6,077 5,963 5,812 5,826 5,210
Nondurable goods industries, total..,...... 6,338 6,298 6,25{ 6,309 6,27E 5,891 18,178 18,013 17,930 18,173 17,858 17,562
Chemicals and allied products ........... 1,127 1,127 1,136 1,108 1,111 1,023 3,367 3,408 3,377 3,262 3,313 3,439
Petroleum and coal products.....,......... 541 524 52S 550 528 522 1,418 1,311 1,300 1,478 1,340 1,392
Rubber and plastics products, n.e.c...... 426 408 40, 424 40E 38E 1,234 1,253 1,269 1,195 1,198 1,202
All other nondurable goods industries.... 4,244 4,239 4,181 4,227 4,232 3,96 12,159 12,041 11,984 12,238 12,007 11,529


PPrel iminary.


data)








OF MANUFACTURERS'


on seasonally


adjusted


to ipents rUnfilled orders shipments ratio'
Inventories shipments ratio t backlog
(months' backlog)
Industry group
Oct. Sept. Aug. Oct. Oct. Sept. Aug. Oct.
1973 1973r 1973 1972 1973p 1973r 1973 1972


All manufacturing industries, total.................. 1.56 1.59 1.57 1.63 2.51 2.57 2.51 2.15
Durable goods industries, total........................... 1.85 1.90 1.90 1.91 2.97 3.02 2.98 2.55
Stone, clay, and glass products........................... 1.25 1,32 1.29 1.25 (NA) (HA) (NA) ( Primary metals............................ ............... 1.38 1,49 1.52 1,79 2.22 2.37 2.40 1.45
Fabricated metals........................................ 1.81 1.96 1.91 1,90 3.41 3.56 3.37 2.90
Machinery, except electrical...............,............... 2.53 2.56 2,56 2.64 3.24 3.17 3.13 2.63
Electrical machinery.................................... 2.24 2.24 2.19 2.14 3.58 3.57 3.48 3.24
Transportation equipment.................... .......... ... 1.64 1,65 1.69 1.62 5.10 5.02 5.09 4.66
Instruments and related products......................... 2.52 2.54 2.56 2.34 (NA) (NA) (NA) (HA)
Nondurable goods industries, total......................... 1.20 1.21 1.19 1.28 0.55 0,60 0.57 0.50
Food and kindred products................................ 0.88 0.88 0.85 0.98 (X) (X) (X) (X)
Tobacco products......................................... 4.53 4.82 4.44 4.59 (X) (X) (X) (X)
Textile mill products.................................... 1.71 1.78 1.72 1,89 (NA) (NA) (NA) (SA)
Paper and allied products................................ 1.10 1.12 1,10 1.18 (NA) (NA) (NA) (NA)
Chemicals and allied products........................... 1.26 1.29 1.25 1.40 (X) (X) (X) (X)
Petroleum and coal products.............................. 0.80 0.77 0.79 0.92 (X) (X) (X) (X)
Rubber and plastics products, n.e.c...................... 1.52 1.50 1.49 1.40 (X) (X) (X) (X)


Not available.


Excludes the


vehicle


assembly


following
operations


PPreliminary.
industries wi


rRevised.
th no unfilled


foods and related


products;


(X)
order:


Not applicable.


Wooden


tobacco;


containers;


apparel


and related


glass containers;


products;


metal


chemicals;


barrels


petrolem


and drums;


motor


and coal products;


rubber and plastics products, n.e.c.


(Based


*


GROUP








Appendix


The following is a description of the survey and
definitions used. These are provided to clarify
the meaning of the items involved and do not
represent any revisions from those definitions
previously employed.

DESCRIPTION OF THE SURVEY

The Manufacturers' Shipments, Inventories,
and Orders survey provides monthly figures that
are comparable to the annual totals published each
year in the annual survey of manufactures (ASM).
The ASM is based on a sample of approximately
60,000 manufacturing establishments drawn from
the 5-year census universe of about 310,000 estab-
lishments. In the ASM, each manufacturing
establishment provides data on employment, pay-
rolls, shipments, cost of materials, capital ex-
penditures, and inventories as well as other
selected items. 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.

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.

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
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 link relative of matched
companies in each industry.


EXPLANATION OF TERMS

Value of Shipments--Shipments in the monthly
survey are equivalent to value of shipments as
reported in the ASM which are received or
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 considerablyfromthe 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"
during the year is requested rather than thevalue
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. With the ex-
ception of motor vehicles, it is not significant at
the 4-digit SIC group level. Since the M3-1 in-
dustry categories typically are groupings of
industries, this duplication is significant for the
all manufacturing, durable goods and nondurable
goods categories and the various market groups.
The significance of the duplication within the
specific M3-1 industry groups varies depending on
the 4-digit industry composition of these groups.
It is most pronounced in a few highly integrated
industry areas such as primary metals and motor
vehicles and parts.

Since most monthly reports are for the entire
company or major divisions rather than establish-
ments, the companies are requested to report net
sales, i.e., total company billings after discounts
and allowances. Companies which file divisional
reports are requested to treat transfers from one
division of the company to another as if they were
net sales to outside customers. Although this
7




UNIVERSITY OF FLORIDA

11111 llillllllillt ilm 11 lllllll
3 1262 08589 4037


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, "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 are reported by stage of fabri-
cation: (a) finished goods; (b) work in process;
and (c) materials, supplies, fuel, and other
inventories. In using inventories by stage of
fabrication at the all manufacturing and 2-digit
industry levels as well as for the durable and non-
durable goods sectors, it should be noted that a
finished product of one industry may be a raw
material for another industry at the next stage of
fabrication. Insofar as the durable and nondurable
goods sectors and also the 2-digit industry groups
contain industries with successive stages of
processing, the same type of commodity may be
included under different inventory categories in
the aggregate statistics.


New Orders Received amd 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 fullamount 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 includeordersasdefined 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 plus net new orders
received less net sales.
While both new orders and unfilled orders are
used in reviewing individual company reports tr
consistency, only unfilled orders are estimated
directly in the tabulated totals. New orders ae
derived from the shipments plus net change in
unfilled orders for each industry category. This
procedure is followed for seasonally adjusteddata
as well as for the unadjusted data. Shipments and
unfilled orders are seasonally adjusted independ-
ently. Seasonally adjusted neworders are derived
from seasonally adjusted shipments and sea-
sonally adjusted unfilled orders.


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