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:
September 1974
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:
AA00008477:00079

Related Items

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

Full Text

rn-B


CURRENT


INDUS


Manufacturers'
Inventories,


September 1974


FOR RELEASE:


November I, 1974


2:00 P.M.


SERIES: M3-1(74)-9


SUMMARY
New orders for manufactured products in
September decreased $3.03 billion or 3.3percent
to $87.37 billion after seasonal adjustment. Ship-
ments increased $345 million or 0.4 percent to
$86.11 billion in September. Unfilled orders
increased $1.26 billion or 0.9 percent to $140.52
billion at the end of September. Manufacturers'
inventories increased $2.66 billion or 1.9 percent
to $142.39 billion at the end of September. The
inventories to shipments ratio increased from
1.63 to 1.65.
For the 3 months ending in September the
average change in new orders increased 0.9
percent compared with a 2.3 percent increase for
the 3 months ending in June and a 1.4 percent
increase for the 3 months ending in March.


NEW ORDERS
SNew orders for durable goods decreased $2.92
billion or 5.9 percent to $46.55 billion in Septem-
ber. This decrease was primarily attributable to
decreases in the primary metals industries ($1.54
billion), the aerospace industries ($730 million)
and electrical machinery ($415 million). Among
the supplementary series, capital goods industries
decreased $1.37 billion with the defense sector
decreasing $1.45 billion and the nondefense sector
increasing $75 million.


SHIPMENTS
Shipments of durable goods increased $345
million or 0.8 percent to $45.17 billion inSeptem-
ber with the aerospace industries increasing
$295 million. Shipments of nondurable goods
remained unchanged at $40.94 billion.


UNFILLED ORDERS
Unfilled orders of durable goods increased
$1.38 billion or 1.0 percent at the end of Septem-
ber. These increases were led primarily by
fabricated metal products ($755 million) and
nonelectrical machinery ($745 million).
INVENTORIES
Inventories of durable goods increased $1.52
billion and nondurable goods increased $1.14
billion between the end of September and August.
At the all manufacturing level, materials and
supplies increased $770 million, work in process
increased $575 million, and finished goods in-
creased $1.32 billion.
SCHEDULED RELEASE DATES


The figures
this report s
advance re
report is
the estim
Final figu:
report to
advance r
scheduled
the full re
December 3.


This report contaiinsFla on an unadjusted and
seasonally adjusted basis. However, the data are
not adjusted for price changes. For an explanation
of terms used in this report see appendix following
table 5.
Inquiries concerning these figures should be
addressed to the U.S. Department of Commerce,
Social and Economic Statistics Administration,
Bureau of the Census, Industry Division, Wash-
ington, D.C. 20233.


TRIAL REPORTS


Shipments,
and Orders









OF MANUFACTURERS'


(Millions


of dollars)


Indiut z~


group


All manufacturing
tries:


Total.*..........


Total,


excluding


portation.......


Durable

Stone,

Primary


indus-


S......
t raiis-
*Ste*94


goods industries, total.

clay, and glass products.


y


metals,


t


Blast furnaces,
Nonferrous meta


All other primary


Fabricated


otal.ml...,s.
steel mills.
tls...........


metals....


metal products


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


Metal


Machinery,


cans, barrels,


except


electrical


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


Engines


and turbines........


Farm machinery and equipment*.


Construction,


mining,


material handling equipment.


General


industrial


Metalworking


Electrical aa
Electrical
distribute
industrial
Household a


machinery


machinery......


chinery,


total...


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


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


Communication


equipment.....


Transportation equipment,


Motor vehicles


Aircraft, mis
parts.......
Shipbuilding
equipment...

Instruments and
products, tot
Scientific
All other
related p

All other d
industries..


Nondurable


total


and parts....


siles,
.....


good


total-...........1,: *ite .......

Food and kind red st
total.............
Meat products....... *
Fats and oils..........,

Tobacco products..............
Textile mill products..,...9,.


Paper and allied


products,


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


Pulp,


paper


Paperboard


,
containers.....,.


All othtr paper containers..


Chemicals


Industrial


and allied


chemicals,


products


except


........... .9 ...........


Drugs,

Petroleum
Rubber an


soap,


and toiletries.


and coal products...


d plastics


All other nondurable


products~


goods


Shipments


Total inventories


Without seasonal Without seasonal
Seasonally adjusted adjustment Seasonally adjustedadjusts n
Adjustment adjustments


86,106


Sind t i .- ------------------... .. I


85,760


84,019


7.163


89,129


2,132

492


1,436
708

728


4,654


42.628


83,347

75,267

42,282

2,470


4.609


41.065


7,026


1,977

406


1,299
630

669


4,391


34,336


11,982
2,755
945

516
2.631


142,389

122,771

92,524

3,574

10,973
5,098
4,236
1,639


10,656

912


20,252
1,808
1,782

4,006
1,745
1,730
14.269


2,133


9,071


49,865


9,459


139,727

120,186

91,004

3,458

10,703
4,908
4,178
1,617


10,409

927


19,774
1.759
1,703

3,900
1,715
1,713
14.189


3,112
1,315
1,217
4,031

19,541
5,674

10,702

2,279


2,019


8,909


48,723


11,738
1,304
957


July
1974


136,731

117,382


2,053


8,715


47,445


11,428
1,217
914


141,035

121,364

91,836

3,455


2,116


8,970


49,199


11,771
1,164
804

2,614


9,269

2,504
3,164

3,921

3,088

a qina .


139,223

119,640


48,323


11,506
1,203
860


115,045

97,304

75,707

2,614


690


15,734
1,346
1,267

3,037
1,329
1,362
11,781


2,563
1,119
1,051
3,320

17,741
5,539

9,561

1.853


GROUP










GROUP--Continued


(Millions


of dollars)


Industry


All manufactu
tries:
Total......


Total,


group


indus-


trans-
.to...a.

total.

ft......


excluding


portation.......


Durable g

Primary


goods industries,


metals,


Blast furnaces
Nonferrous met

Fabricated metal

Machinery, excep


Engines


total..


, steel mills,.

als..products.....
products,,....


t


electrical


and turbines........


Construction,


mining,


material handling equipment.


Metalworking


machinery......


General industrial machinery.


Electrical ma

Electrical
distribute
industrial
Household a


chinery,


total..


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


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


Communication

Transportation


* equipment.....

equipment,


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


Aircraft


, missiles,


parts............. .


Shipbuilding


and railroad


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


All other durable


Nondurable


goods


goods industries,


total..........W..............


Industries


Industries


with unfilled


without


untfilled


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


New orders


Unfilled


orders


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


8.473


87,517

76,788

47,709

8,724

4,655
2,780

6,119


8,612

810

1,985
554
922

5,615



1,342
792
490
924


10,729


1,758


91,035


8,498


40,974


9,624

31,350


76,207

66,715

41,932

6,095


5,334


6,987

667

1,372
393
711

6,071



1,138
716
690
1,301


9,492


1,923

407


7,953


34,275


8,534

25,741


140,519

105,747

135,686

19,450


21,993



6,953
152
576
7,027


34,772


20,503

8,767


9,130


4,833


4,833

-


139,256

104,835

134,305

19,438

12,535
3,541

19,669


29,169

6,967


134,623

101,859

129,667

17,904

11,178
3,515

19,244


28,261

6.782


22,497



6,755
136
619
7,121


32,764


18,220


138,672

103,695

133,936

17,429

10,703
3,348

20,486


137,762

103,180

132,837

17,586

10,767
3,506

19.679


29,094


22,677



6,937
145
691
7,202


34,582


20,215

8,891


9,219


4,925


4,925


106,596

77,941

101,994

13,200


Note: The seasonally


In order to minimize


adjusted


the effects


data for motor vehicle


of these sharp


shifts


assembly


operations


a somewhat


show


different


very


monthly


erratic m
seasonal


movements
pattern


during the


during


model changeover


this period,


period.


the original


seasonal
forecasts
original


factors


obtained


for production


seasonal


h


factors


for July through
rough September.


were:;


September
Actural


July, 69.7; August


1974 have been reallocated


data reported
655; September


for September


to yield the s
when available


ame seasonally


adjusted


will be substituted


These have been reallocated


results


based


for the estimate.


July, 70.9; August,


on trade
The


69.1;


September,


-Represents
Adjusted f


zero. PPr
or trading-day


elisinary.


and calendar-maonth


92.5.













Table 2.--VALUE


OF MAMJFACnJRERS' INVW4TORIES,


SHIM-n,


(Millions


AND ORDERS,
of dollars)


FOR MAEKW~


CATEA3ORIES


AND SUPPLEMENTARY SERIES


Without seasonal esoly dueWithout seasonal
Seasonally adjusted adjustment, Seasonally adjustedadjustment
adjustment- adjustment
Industry group ---
Sept. Aug. July Sept. Aug. Sept. Sept. Aug.r July Sept. Aug. Sept.
1974 1974 1974 1974p 1974r 1973 1974p 1974 1974 1974 1974 1973

Shipments Total inventories

All manufacturing industries, total.. 86,106 85,760 84,019 89,129 83,347 74,499 142,389 139,727 136,731 141,035 139,223 115,045

Durable goods industries, total............ 45,170 44,825 44,122 46,501 42,282 40.163 92,524 91,004 89,286 91,836 90,900 .75,707
Nondurable goods industries, total......... 40,936 40,935 39,897 42,628 41,065 34,336 49,865 48,723 47,445 49,199 48,323 39,338

Industry groups arranged by market
categories:
Home goods and apparel.............,...... 7,459 7,327 7.,121 8,142 7,997 7,329 14,803 14,628 14,260 14,592 14,692 12,741
Consumer staples........................ 15,999 16,105 15,628 17,039 16,045 14,800 18,520 18,098 17,602 18,369 17,834 15,302
Equipment and defense products, except
automotive...............,.........,...... 11,026 10,601 10,533 11,351 10,090 9,787 36,145 35,717 34,801 35.783 35,431 29,527
Automotive equipment............,....... 8,273 8,406 8,342 8,199 6,477 7,515 7,683 7,549 7,739 7,722 7,672 7,126
Construction materials, supplies, and
intermediate products......,.......... 6,577 6,591 6,492 7,056 6,979 6,354 12,772 12,453 12,055 12,583 12,430 9,615
Other materials and supplies and
intermediate products................... 36,772 36.730 35,903 37,342 35,759 28.714 52,466 51,282 50,274 51,986 51,164 40,734

Supplementary series:'
Household durable goods industries....... 3,271 3,200 3.192 3,597 3,389 3,378 7,367 7,217 6,967 7,282 7,278 5,992
Capital goods industries.....,............ 12,738 12,205 12,106 13,132 11,564 11,458 40,604 40,189 39,154 40,309 39.916 33,451
Nondefense............................. 11,088 10,708 10,675 11,426 10,084 9,871 34.232 33,758 32,851 33,953 33.536 27,937
Defenses............,.................. 1,650 1,497 1,431 1,706 1,480 1,587 6,372 6,431 6,303 6,356 6,380 5,514

New orders Unfilled orders


All manufacturing industries, total.. 87.366 90,393 87,517 91,035 87,306 76,207 140,519 139,256 134,623 138,672 137,762 106,596

Durable goods industries, total............ 46,547 49,463 47,709 48.595 46,332 41,932 135,686 134,305 129,667 L33,936 132,837 101,994
Nondurable goods industries, total......... 40,819 40.930 39,808 42,440 40,974 34,275 4,833 4,951 4,956 4,736 4,925 4,602

Industry groups arranged by market
categories:
Home goods and apparel................... 7,292 7,250 7,120 7,933 7,918 7,359 2,76 2878 2,958 2,833 3,021 2,93
Consumer staples......................... 16,014 16,101 15,620 17.059 16,040 14,803
Equipment and defense products, except
automotive............................. 12,078 13,066 12.126 12,402 12.543 10,316
Automotive equipment....*.,.............. 8,198 8.507 8,297 9.113 6,604 7,708 7,722 66,747 64,179 67.753 66,787 51,725
Construction materials, supplies, and
intermediate products.................. 7,135 6,960 7,077 7,713 7,228 6.948 18,208 17,650 17,282 18,299 17,642 12,864
Other materials and supplies and
intermediate products.................. 36,649 38,509 37,277 36,815 36,973 29,073 51,863 51,981 50,204 49,787 50,312 39,074

Supplementary series:2
Household durable goods industries....... 3,114 3,133 3,184 3,410 3,345 3,379 2.104 2,261 2,328 2,229 2,415 2,353
Capital goods industries................. 13,666 15,034 14,177 14,050 14,472 12,114 75.365 74.439 71,607 75.474 74,557 57.521
Nondefense............................ 11,882 11,805 12,800 11.963 11,424 10,559 51,291 50,498 49,399 51,145 50,608 37,430
Defenses............................... 1,784 3,229 1,377 2,087 3,048 1,555 24.074 23,941 22,208 24,329 23,949 20,111


*During 1
gate figures
included in
variations:


968 manufacturers


on shipments,


the defense


unfilled


orders


in ordnance,


orders,


series.


communications,


and total inventories
PPrellminary. rR


and inventories


aircraft


and aircraft


of work performed


evised,


as of end of month.


parts,


and shipbuildin


for the Department


1Shipments


new orders


supplementary


series


of Defense
adjusted


g industries be
e. The results
for trading-day


are regrouping


gan to


provide


aggre-


of these reports are
and calendar-month


of the separate


industry


categories


as follows:


Household


durable


appliances;


Capital


goods


Products
Nondefense
excludingn
equipment


Defense


goods


ophthalmic
industries


(old series)
products M
g household


industries


goods,


- Household


watches,


- The capital
categories,


achinery,
appliances


coitnunication


products


communications,


- Based o
aircraft


equipme
n separa
and air


except


furniture;


and clocks;


goods


industries


electrical


and electronic
nt, aircraft a
te reports on
craft parts, a


kitchen


articles


and miscellaneous


series


(excluding
components ,


nd aircraft
defense wor


and pottery;


personal


cutlery,


handtools,


and hardware;:


household


goods.


is comparable to the previous

farm machinery and equipment a
and the nondefense portions of


parts,


Producers'


nd machine sho
shipbuilding


Capital


Goods and the Defense


ps electrical
and repairing a


machinery
nd railroad


and ordnance.


k filed by large


nd shipbuilding.


The data


defense contr
are comparable


actors


in the following


to those published


industries:


annually


ordnance


in the IMA-175,


Industries, for the specified industries.











AND LONG TERM PERCENT


(Based


on seasonally


adjusted


Month-to-month Average monthly rates of change Average, 1968-73

3 months 12 months
Item and industry group Aug.- July- June- Average Average
--------------------------Average Average
Sept. Aug. July June- Mar.- Dec. 1973- Sept. 1973 rise decline
1974 1974 1974
Sept. 1974 June 1974 Mar. 1974 Sept. 1974


Shipments:
All manufacturing industries......... +0.4 +2.1 +3.5 +2.0 +1.3 +1.6 +1.5 +1.3 -1,0

Durable goods industries, total........ +0.8 +1.6 +3.1 +1.8 +1.8 +1.0 +1.2 +1.8 -1.5
Nondurable goods industries, total..... 0.0 +2.6 +3.9 +2.2 +0.7 +2.2 +1.8 +1.1 -0.8

Total inventories:
All manufacturing industries........ +1.9 +2.2 +2.4 +2.2 +1.8 +1.5 +1.7 +0.6 -0.1
New orders:
All manufacturing industries......... -3.3 +3.3 +2.7 +0.9 +2.3 +1.4 +1.4 +1.7 -1.4
Durable goods industries, total........ -5.9 +3.7 +1.8 -0.1 +3.8 +0.8 +1.1 +2.5 -2.1
Nondurable goods industries, total..... -0.3 +2.8 +3,9 +2.1 +0,7 +2.1 +1.8 +1.1 -0.8
Unfilled orders:
Durable goods Industries, total........ +1.0 +3.6 +2.8 +2.5 +3.1 +1.5 +2.3 +1.3 -1.0











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

Without seasonal Without seasonal
Seasonally adjusted a Seasonally adjusted
adjustment adjustment
Industry group
Sept. Aug. July Sept. Aug. Sept. Sept. Aug. July Sept. Aug. Sept.
1974P 1974r 1974 1974 1974 1973 1974p 1974r 1974 1974P 1974r 1973

Total Materials and supplies

All manufacturing industries, total.. 142,389 139,727 136,731 141,035 139,223 115,045 50,807 50,039 48,550 50,670 49,910 37,935
Durable goods industries, total..........., 92,524 91,004 89,286 91,836 90,900 75,707 30,588 30,416 29,439 30,881 30,495 22,889
Stone, clay, and glass products.......... 3,574 3,458 3,317 3,455 3,405 2,614 1,351 1,355 1,263 1,352 1,324 918
Primary metals........................... 10,973 10,703 10,550 10,844 10,573 9,212 4,911 4,900 4,696 5,020 4,845 3,450
Machinery (electrical and nonelectrical). 34,521 33,963 33,160 34,180 33,819 27,515 10,722 10,376 10,123 10,625 10,488 7,706
Transportation equipment.................. 19,618 19,541 19,349 19.671 19,583 17,741 4,012 4,363 4,168 4,113 4,164 3,761
All other durable goods industries....... 23,838 23,339 22,910 23,686 23,520 18,625 9,592 9,422 9,189 9,771 9,674 7,054
Nondurable goods industries, total......... 49,865 48,723 47,445 49,199 48,323 39,338 20,219 19,623 19,111 19,789 19,415 15,046
Chemicals and allied products............. 9,459 9,011 8,789 9,269 8,954 7,043 4,192 3,886 3,804 4,146 3,872 2,619
Petroleum and coal products........... 3,883 3,820 3,676 3,921 3,836 2,412 990 904 902 972 917 544
Rubber and plastics products, n.e.c...... 3,150 3,039 3,020 3,088 2,988 2,501 1,252 1,231 1,192 1,257 1,239 895
All other nondurable goods industries.... 33,373 32,853 31,960 32,921 32,545 27,382 13,785 13,602 13,213 13,414 13,387 10,988

Work in process Finished goods

All manufacturing industries, total.. 48,171 47,594 46.844 47,973 47,557 40,917 43,411 42,094 41,337 42,392 41,756 36,193
Durable goods industries, total............ 40,437 39,913 39,341 40,261 39,870 34,617 21,499 20,675 20,506 20,694 20,535 18,201
Stone, clay, and glass products.......... 460 435 420 442 428 363 1,763 1,668 1,634 1,661 1,653 1,333
Primary metals........................... 3,684 3,614 3,646 3,583 3,578 3,420 2,378 2,189 2,208 2,241 2,150 2,342
Machinery (electrical and nonelectrical). 15,439 15,516 15,111 15,400 15,322 12,646 8,360 8,071 7,926 8,155 8,009 7,163
Transportation equipment................. 13,964 13,580 13,579 13,965 13,820 12,443 1,642 1,598 1,602 1,593 1,599 1,537
All other durable goods industries....... 6,890 6,768 6,585 6,871 6,722 5,745 7,356 7,149 7,136 7,044 7,124 5,826
Nondurable goods industries, total......... 7,734 7,681 7,503 7,712 7,687 6,300 21,912 21,419 20,831 21,698 21,221 17,992
Chemicals and allied products............ 1,459 1,427 1,397 1,434 1,408 1,111 3,808 3,698 3,588 3,689 3,674 3,313
Petroleum and coal products.............. 1,010 1,043 1,053 1,020 1,061 528 1,883 1,873 1,721 1,929 1,858 1,340
Rubber and plastics products, n.e.c...... 522 510 479 520 507 408 1,376 1,298 1,349 1,311 1,242 1,198
All other nondurable goods industries.... 4,743 4,701 4,574 4,738 4,711 4,253 14,845 14,550 14,173 14,769 14,447 12,141


~Prel iminary.
rRCViS~


data)








OF MANUFACTURERS '


(Based


on seasonally


adjusted


e rie shimetUnfilled orders shipments ratio1
Inventories shipments ratio o backlog)
~(months' backlog)
Industry group
Sept. Aug. July Sept. Sept. Aug. July Sept.
1974p 1974r 1974 1973 1974p 1974r 1974r 1973

All manufacturing industries, total.................. 1.65 1.63 1.63 1.61 2.86 2.87 2.81 2.57
Durable goods industries, total........................... 2.05 2.03 2.02 1.94 3.44 3.44 3.38 3.06
Stone, clay, and glass products......................... 1.52 1.50 1.48 1.32 (NA) (NA) (NA) (NA)
Primary metals......................... .................. 1.30 1.26 1.30 1.49 2.30 2.29 2.20 2.37
Fabricated metals........................................ 1.99 1.94 1.92 1.96 4.30 4.16 4.12 3.56
Machinery, except electrical.........,............... 2.72 2.70 2.66 2.56 4.02 3.98 3.91 3.17
Electrical machinery..................................... 2.54 2.55 2.49 2.24 3.91 4.05 4.04 3.57
Transportation equipment................................. 1.91 1.93 1.93 1.81 6.42 6.58 6.34 5.68
Instruments and related products................. ........ 3.12 2.95 3.06 2.54 (NA) (NA) (NA) (NA)
Nondurable goods industries, total....................... 1.22 1.19 1.19 1.21 0.50 0.52 0.52 0.60
Food and kindred products................................ 0.88 0.86 0.89 0.88 (X) (10 (X) (0
Tobacco products................... ......... .................. 5.01 4.49 4.46 4.82 (X) (X) (X) (X)
Textile mill products.................................... 1.85 1.81 1.77 1.78 (NA) (NA) (NA) (NA)
Paper and allied products............................... 1.25 1.19 1.15 1.12 (NA) (NA) (NA) (NA)
Chemicals and allied products........................... 1.31 1.25 1.23 1.29 (X) (X) (X)
Petroleum and coal products.............................- 0.76 0.75 0.72 0.77 (X) (X) (X) (X)
Rubber and plastics products, n.e.e...................... 1.53 1.50 1.49 1.50 (X) ) () (G (X)


(NA) Not available.


-Excludes


vehicle


the following


assembly


operations;


Preliminary.


industries


with


foods and related


revised.
no unfilled


products;


(X) Not applicable.


order:


Wooden


tobacco;


containers;


apparel


and related


glass containers;


products;


metal cans


barrels


chemicals; petroleum


and drums;


motor


and coal products;


rubber and plastics products, n.e.c.


GROUP








Appendix


The following is a description of the surveyand
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 universeofabout310,000estab-
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 notprovide
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 reportingpanel
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 performedby
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
during the year is requested rather than the value
of shipments.

The value of shipments figures developed from
the ASM contain duplication at the all manufac-
turing and industry group levels since the products
of some industries are used as materialsbyother
industries within the industry group. 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 entiA
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 transfersfromone
division of the company to another as if they were
net sales to outside customers. Although this




UNIVERSITY OF FLORIDA
IE lII II III III III I IIII
8 3 1262 08580 402f


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, "at book 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 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 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 thoseorders received
for future delivery. They also include the net
sales value of contract change documents which
increase or decrease the sales value of the 0n-
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 finds
specifically authorized to be expended are in-
cluded. The respondent is instructed to deduct
the sales value ofparitial or complete cancellation
of existing orders.

-4
Unfilled orders includeordersasdefined above
that have not yet passed through the sales account.
Generally, unfilled orders at the end of tfi re-
porting period are equal to unfilled orders at the
beginning of the period plus net new orders


receive
'Whil
used in
consisted
directly
derived
unfilled
procedu
as well
unfilled


d less
e both


net sales.
new orders and unfilled orders are


reviewing individual compa
ncy, only unfilled orders
Sin the tabulated totals. N
from the shipments plus
orders for each industry c
re is followed for seasonal
as for the unadjusted data.
orders are seasonally adju


ny reports for
are estimated
ew orders are
net change in
ategory. This
y adjusted data
Shipments and
sted independ-


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


*t 11 WX-A *