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 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:
AA00008477:00080

Related Items

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

Full Text
CURRENT


1 (1L


Manufacturers'


Inventories,


Cs
-:4


REPORTS


Shipments,
and Orders


October 1974


ember 3, 1974


2~OO


P.M.


SERIES:


M3-1(74)-10


SUMMARY


New orders for manufactured products in
Qctober decreased $765 million or 0.9 percent
tS $86,38 billion after seasonal adjustment. Ship-
ments increased $2.02 billion or 2.3 percent


These decreases were led by primary metals
($630 million) and nonelectrical machinery ($355
million).


INVENTORIES


r& $87,96 bill
decreased $1.
billion at the
iehtories inc
t $145.08 bi
inveiteries tc
1.66 to 1.65.


[ion


in October.


Unfilled orders


57 billion or 1.1 percent to $138.89


end of October.


S


creased $2.11 billion or 1.5percent
llion at the end of October. The
Shipments ratio decreased from


For the 3 months ending in October, the
range in new orders decreased 0.4


cc6mpared


average
percent


a 2.2 percent increase for the


3 months ending in July and a 1.7 ]
increase for the 3 months ending in April.

NEW ORDERS


percentt


Inventories of durable goods increased $1.45
billion and nondurable goods increased $655
million between the end of October and September.


At the all manufacturing


level,


materials and


supplies increased $855 million, work in process
increased $385 million, and finished goods in-
creased $870 million.

The final September figures (revised) for all
manufactured products (both durable goods and
nondurable goods), seasonally adjusted, show


shipments


Lt $85,937


million;


new orders


$87,147 million; unfilled orders at $140,467
million; and total inventories at $142,975 million.


New orders
$i06 billion or
m; October. I
attributed to d
dustry ($495 mi]
($360 million), a3


for
2.3
'his


durable goods
percent to $4
decrease was


creases


in the


decreased


billion


primarily


aerospace


llion), fabricated metal products
nrid primary metals ($235 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.


SHIPMENTS


Shipments of durable goods increased $1.66
billion or 3.7 percent to $46.68 billion in October
as primary metals increased $595 million and
nonelectrical machinery increased $490 million.
Shipments of nondurable goods increased $355
million or 0.9. percent to $41.28 billion with the
foods industry increasing $235 million.

UNFILLED ORDERS
Unfilled orders for durable goods decreased
$1.34 billionor 1.0 percent at the end of October.


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 20, 1974 and


the full


report


scheduled


for release


January 2, 1975.

This report contains data on an unadjusted and


seasonally


adjusted


are not adjusted


explanation


basis.


for price


terms


used


However, the data
changes. For an
in this report see


appendix following table


(o:M3


INDUSTRIAL










OF MANUFACTURERS '


(Millions


of dollars)


Industry


group


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


Total, excluding
portation......


Durable

Stone,

Primary


indus-


trans-


goods industries, total.

clay, and glass products.


y


metals,


tot


Blast furnaces, s
Nonferrous metals
All other primary


Fabricated


al... ..... .
teel mills.
.metals. ..
metals....


metal products


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


Machinery,


except


electrical,


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


Engines


and turbines........


Farm machinery and equipment.
Construction, mining, and
material handlingequipment.


Metalworking


General inc
Electrical ms
Electrical
distribute
industrial
Household a


machinery......


lustrial
clunery,


machinery
total...


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


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


Communication


equipment.....


Transportation equipment, total


Motor vehicles


Aircraft,


and parts....


missiles,


and


parts..................,.


Shipbuilding


and railroad


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


Instruments


and related


products, total
Scientific and


All other instru
related product

All other durable


engineering..


ments and
s....... ...


goods


industries.........


Nondurable


goods


total....,...,...

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


Tobacco
Textile

Paper a


Pulp,


industries


products,
. ... .S .. ...
*i .. .. a.


products.....
mill products


nd allied


Paperboard
All other

Chemicals an


Industrial


paper,


products,


etc............


containers.......
paper containers..


d allied


chemcials,


products,


except


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


Drugs,

Petroleum
Rubber an


soap, and toJetrnes,

Sand coal products...


Ld plastics


products,


........ *SS*.UU- U ~4 a ** I


Shipments


Ibtal inventories


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


87,956

77,354

46,679

2,422


85,937

75,613

45,016

2,338

8,415
4,448
2,808
1,159


5,277

601


7,356
591
734

1,475
527


88,949


76.404


145,083

124,637

94,638


20,614
1,829
1,789

4,099
1,777
1,783
14,519


3,172
1,339
1.272
4,173

20,446
6,300

10,941

2,310


4,201
2,084

2,117


9,201


50,445


11,854
1,177
950


142,975


93,184

3,552

10,940
5,073
4,211
1,656


10.705

915


20,237
1,827
1,773


2.132


9,085


49,791


11,812
1,225
978

2,726
5.131


*1


139,727

120,186

91,004

3.,458

10,.703
4,908


19.774
1,759
1,703

3,900
1,713
1,715
14,189


3,112
1,315
1,217
4.031

19,541
5,674

10,702

2,279


144,141

123,565

93,925

3,471

11,075
5,167
4,236
1,672


141.,638

121,385

92,512

3.435

10,811
5.002
4,182
1,627


10,690

903


10,728


49.126


9.255


3,137

3,962

3.080


116.496

98,627

76,399

2.599


GROUP


a "* -








OF MANUFACTURERS'


(Millions


of dollars)


Industry


group


All manufacturing
tries:
Total............
Total, excluding


indus-


trans-


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


Durable g

Primary


oods industries,


metals,


Blast furnaces,


Konferrous

Fabricated m

Machinery, e


total..


total.

.......


steel mills.


metals........... .

etal products.....


except


electrical,


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


Engines


and turbines........


Construction,


mining,


material handling equipment.


Metalworking


machinery......


General industrial machinery.


Electrical me

Electrical
distribute
industrial
Household a


ichinery,


total...


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


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


Communication

Transportation


Aircraft,


Sequipment...

equipment,


missiles,


parts*buildi*ng .,.,an**


Shipbuilding an
equipment*....

All other durable


d railroad


goods


industries.................-


Nondurable


Industries


goods


industries


with unfilled


orders.*...........o. ......*


Industries


without


unfilled


New orders


Unfilled


orders


Without seasonal Without seasonal
Seasonally adjusted adjustment Seasonally adjusted adjustment
adjustment- adjustment"


46,402


5,597


8,115

624

1,652
552
883

5,296



1,062
749
538
1,230


10,434


2,072

261


8,334


42,242


9,870

32,372


89,802


5,233


7,126

653

1,449
487
673

5,933



1,129
688
596
1,173


10,973


2,319

493


8,059


34,832


8,917

25,915


138,894

104,571

134,359


21.637


6,981


34,323


20,585

8,612


8,922


4,535


4,535


140,467

105,746

135,695

19,636

12,501
3,694

20,264


29,933

6,994


139,256

104,835

134,305

19,438

12,535
3,541

19,669


29,169

6.967


136,791

102,419

132,325

17,068

10,231
3,369

20,196


30,008

7,042

7,279
2,671
3.448


138,614

103,687

133,935

17,607

10,714
3,502

20,323


29,621

6,967


108,861

79,712

104,221

13,359

8,855
2,588

14,311


20,480

5.393


- Represents


Preliminary.


Revised.


'Adjusted for trading-day and calendar-month










Table 2.--VALUE


OF MANUFACTURERS'


SKI RIIENTS,


INVP41ORI~,


(Millions


AND ORDERS,
of dollars)


FOR MARKET


CATFL0RI~


AND SUPPLEnENTARY


SERIES


Seasonally adjusted Without seasonal eonl adjted Without seasonal
Seasonally adjusted adutet Seasonally adjusted ajsmn
adjustment' a adjustment
Industry group -.-
Oct. Sept. Aug. Oct. Sept. Oct. Oct. Sept. Aug. Oct. Sept. Oct.
1974 1974r 1974 1974 1974r 1973 1974p 1974r 1974 1974' 1974r 1973

Shipments Total inventories

All manufacturing industries, total.. 87,956 85,937 85,760 89,749 88,949 76,404 145,083 142,975 139,727 144,141 141,638 116,496

Durable goods industries, total............ 46,679 45,016 44,825 47,294 46,329 41,608 94,638 93,184 91,004 93,925 92,512 76,399
Nondurable goods industries, total......... 41,277 40,921 40,935 42,455 42,620 34,796 50,445 49,791 48,723 50,216 49,126 40,097

Industry groups arranged by market
categories:
Home goods and apparel................... 7,573 7,429 7,327 8,230 8,112 7,491 14,946 14,839 14,628 14,539 14,631 12,784
Consumer staples..................*..* .......* 16,503 16,072 16,105 17,229 17,122 15,128 18,671 18,380 18,098 18,902 18,228 15,867
Equipment and defense products, except
automotive.............................. 11,454 10,991 10,601 11,406 11,307 9,484 36,983 36,234 35,717 36,765 35,870 30,132
Automotive equipment..................... 8,660 8,299 8,406 9,099 8,222 8,706 8,192 8,171 7,549 8,197 8,221 7,024
Construction materials, supplies, and
intermediate products.................. 6,644 6,503 6,591 6,951 6,977 6,394 12,699 12,754 12,453 12,462 12,566 9,584
Other materials and supplies and
intermediate products.................... 37,122 36,643 36,730 36,834 37,209 29,201 53,592 52,597 51,282 53,276 52,122 41,105

Supplementary series:2
Household durable goods industries....... 3,354 3,287 3,200 3,616 3,617 3,415 7,536 7,368 7,217 7,367 7,286 6,069
Capital goods industries................. 12,961 12,648 12,205 12,845 13,033 11,346 41,415 40,675 40,189 41,321 40,379 34,123
Nondefense............................... 11,301 11,010 10,708 11,203 11,337 9,729 34,936 34,298 33,758 34,806 34,018 28,558
Defense1............................... 1,660 1,638 1,497 1,642 1,696 1,617 6,479 6,377 6,431 6,515 6,361 5,565

New orders Unfilled orders


All manufacturing industries, total.. 86,382 87,147 90,393 87,931 89,802 78,661 138,894 140,467 139,256 136,791 138,614 108,861

Durable goods industries, total........... 45,344 46,402 49,463 45,689 47,429 43,829 134,359 135,695 134,305 132,325 133,935 104,221
Nondurable goods industries, total......... 41,038 40,745 40,930 42,242 42,373 34,832 4,535 4,772 4,951 4,466 4,679 4,640

Industry groups arranged by market
categories:
Home goods and apparel................... 7,540 7,263 7,250 8,103 7,906 7,456
Consumer staples......................... 16,501 16,085 16,101 17,244 17,140 15,154 2,687 2,722 2,878 2,719 2,831 2,927
Equipment and defense products, except
automotive............................. 11,409 12,025 13,066 11,308 12,342 10,487 67,285 67,712 66,747 67325 67,742 52,778
Automotive equipment..................... 8,279 8,230 8,507 8,783 8,142 8,755
Construction materials, supplies, and
intermediate products................... 6,585 6,952 6,960 6,811 7,526 6,854 18,041 18,101 17,650 18,050 18,190 13,325
Other materials and supplies and
intermediate products................... 36,068 36,592 38,509 35,682 36,746 29,955 50,881 51,932 51,981 48,697 49,851 39,831

Supplementary series :2
Household durable goods industries....... 3,316 3,128 3,133 3,493 3,430 3,392 2,061 2,100 2,261 2,103 2,226 2,331
Capital goods industries................. 12,830 13,510 15,034 12,732 13,887 12,809 75,168 75,302 74,439 75,294 75,411 58,988
Nondefense............................. 11,479 11,832 11,805 11,294 11,906 10,893 51,498 51,323 50,498 51,265 51,178 38,578
Defense ............................... 1,351 1,678 3,229 1,438 1,981 1,916 23,670 23,979 23,941 24,029 24,233 20,410


~.During


1968 manufacturers


in ordnance,


conxnunications


aircraft


and aircraft


parts,


and shipbuilding


industries


began to provide


aeggre-


gate figures
included in
variations;


on shipments,


the defense


unfilled


orders,


series.


orders


and total


inventories


PPreliminary.


and inventories


of work performed


rEevised.


as of end of month.


tShipments


2The


for the Department


new orders


supplementary


series


of Defense.
adjusted fo


The result
r trading-da


are regroupings


of the


s of these reports a
y and calendar-month
separate industry


categories


as follows:


Household


durable


goods


industries


- Household


furniture;


kitchen


articles


and pottery;


cutlery,


handtools,


and hardware;:


household


appliances;


Capital


goods


Products
Nondefense
(excludin


ophthalmic
industries


(old series)


goods, watch
- The capital
categories.


s,


products Machinery, except


household


appliances


and clocks;


goods


industries


electrical


and electronic


and miscellaneous


series


'excluding
components) ,


personal


is comparable


farm machinery and
and the nondefense


goods.


to the previous


equipment
portions


Producers'


Capital


and machine shops),
of shipbuilding and


Goods and the Defense


electrical
repairing


machinery
and railroad


equipment,


communication


equipment,


aircraft


and aircraft


parts,


and ordnance.


Defense


products


communications,


- Based on separate


aircraft


and aircraft


reports on defense


parts,


work


and shipbuilding.


filed by large


defense


contractors


The data are comparable


in the following


industries:


to those published annually in the


ordnance
MA-175,


Industries, for the specified industries.










Table 3.--MANUFACTURERS'


(Based


on seasonally


adjusted


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

3 months 12 months
Item and industry group Sept.- Aug.- July-___ ___________
Oct. Sept. Aug. Average Average
1974 1974 1974 July- Apr.- Jan.- Oct. 1973- rise decline
Oct. 1974 July 1974 Apr. 1974 Oct. 1974


Shipments:
All manufacturing industries......... +2.3 +0.2 +2.1 +1.5 +2.1 +1.2 +1.4 +1.3 -1.0

Durable goods industries, total........ +3.7 +0.4 +1.6 +1.9 +2.3 +1.0 +1.1 +1.8 -1.5
Nondurable goods industries, total..... +0.9 +2.6 +1.2 +1.7 +1.3 +1.8 +1.1 -0.8

Total inventories:
All manufacturing industries......... +1.5 +2.3 +2.2 +2.0 +2.1 +1.5 +1.8 +0.6 -0.1
New orders:
All manufacturing industries......... -0.9 -3.6 +3.3 -0.4 +2.2 +1.7 +1.0 +1.7 -1.4
Durable goods industries, total........ -2.3 -6.2 +3.7 -1.6 +2.7 +2.1 +0.5 +2.5 -2.1
Nondurable goods industries, total..... +0.7 -0.5 +2.8 +1.0 +1,7 +1.2 +1.7 +1.1 -0.8
Unfilled orders:
Durable goods industries, total........ +1.0 +1.0 +3.6 +1.9 +3.2 +1.9 +2.2 +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 d Seasonally adjusted
adjustment adjustment
Industry group
Oct. Sept. Aug. Oct. Sept. Oct. Oct. Sept. Aug. Oct. Sept. Oct.
1974p 1974r 1974 19741' 1974r 1973 1974p 1974r 1974 1974p 1974r 1973

Total Materials and supplies

All manufacturing industries, total.. 145,083 142,975 139,727 144,141141,638 116,496 52,182 51,328 50,039 52,130 51,210 38,679
Durable goods industries, total............ 94,638 93,184 91,004 93,925 92,512 76,399 31,861 31,102 30,416 32,010 31,414 23,200
Stone, clay, and glass products.......... 3,635 3,552 3,458 3,471 3,435 2,599 1,369 1,336 1,355 1,359 1,337 932
Primary metals........................... 11,124 10,940 10,703 11,075 10,811 9,185 5,001 4,899 4,900 5,144 5,008 3,493
Machinery (electrical and nonelectrical). 35,133 34,536 33,963 34,840 34,197 28,037 11,063 10,691 10,376 10,939 10,595 7,844
Transportation equipment.................. 20,446 20,189 19,541 20,576 20,253 17,869 4,509 4,555 4,363 4,610 4,669 3,704
All other durable goods industries....... 24,300 23,967 23,339 23,963 23,816 18,709 9,919 9,621 9,422 9,958 9,805 7,227
Nondurable goods industries, total......... 50,445 49,791 48,723 50,216 49,126 40,097 20,321 20,226 19,623 20,120 19,796 15,479
Chemicals and allied products............ 9,869 9,444 9,011 9,650 9,255 7,027 4,276 4,176 3,886 4,216 4,129 2,646
Petroleum and coal products.............. 3,849 3,924 3,820 3,947 3,962 2,536 930 1,000 904 922 981 537
Rubber and plastics products, n.e.c...... 3,163 3,141 3,039 3,108 3,080 2,532 1,247 1,239 1,231 1,240 1,245 915
All other nondurable goods industries.... 33,564 33,282 32,853 33,511 32,829 28,002 13,868 13,811 13,602 13,742 13,441 11,381

Work in process Finished goods

All manufacturing industries, total.. 48,620 48,236 47,594 48,520 48,038 41,356 44,281 43,411 42,094 43,491 42,390 36,461
Durable goods industries, total............ 40,787 40,488 39,913 40,713 40,314 35,039 21,990 21,594 20,675 21,202 20,784 18,160
Stone, clay, and glass products......... 459 454 435 425 437 361 1,807 1,762 1,668 1,687 1,661 1,306
Primary metals........................... 3,645 3,665 3,614 3,569 3,565 3,401 2,478 2,376 2,189 2,362 2,238 2,291
Machinery (electrical and nonelectrical). 15,513 15,482 15,516 15,513 15,444 12,986 8,557 8,363 8,071 8,388 8,158 7,207
Transportation equipment................. 14,286 13,986 13,580 14,333 13,986 12,616 1,651 1,648 1,598 1,633 1,598 1,549
All other durable goods industries....... 6,884 6,901 6,768 6,873 6,882 5,675 7,497 7,445 7,149 7,132 7,129 5,807
Nondurable goods industries, total......... 7,833 7,748 7,681 7,807 7,724 6,317 22,291 21,817 21,419 22,289 21,606 18,301
Chemicals and allied products............ 1,516 1,452 1,427 1,488 1,428 1,107 4,077 3,816 3,698 3,946 3,698 3,274
Petroleum and coal products.............. 1,046 1,023 1,043 1,067 1,034 545 1,873 1,901 1,873 1,958 1,947 1,454
Rubber and plastics products, n.e.c...... 527 530 510 524 527 419 1,389 1,372 1,298 1,344 1,308 1,198
All other nondurable goods industries.... 4,744 4,743 4,701 4,728 4,735 4,246 14,952 14,728 14,550 15,041 14,653 12,375


~Pre1iminary.
rRCV~Sod


data)








Table 5.--RATIO OF MANUFACTURERS' INVENTORIES TO SHIPMENTS AND UNFILLED ORDERS TO SHIPMENTS, BY INDUSTRY


(Based


on seasonally adjusted data)


vtie sh t Unfilled orders shipments ratio'
Inventories shipments ratio
(months' backlog)
Industry group
Oct. Septr Aug. Oct. Oct. Sept. Aug. Oct.
1974 1974 1974 1973 1974 1974r 1974 1973

All manufacturing industries, total.................. 1.65 1.66 1.63 1.57 2.76 2.87 2.87 2.53
Durable goods industries, total............................ 2.03 2.07 2.03 1.88 3.31 3.45 3.44 3.00
Stone, clay, and glass products......................... 1.50 1.52 1.50 1.25 -(NA) (NA) (NA) (NA)
Primary metals............................................. 1.23 1.30 1.26 1.37 2.11 2.33 2.29 2.23
Fabricated metals........................................ 1.97 2.03 1.94 1.83 4.12 4.33 4.16 3.45
Machinery, except electrical...........................t* 2.63 2.75 2.70 2.54 3.85 4.07 3.98 3.25
Electrical machinery.....................................* 2.62 2.53 2.55 2.25 3.90 3.90 4.05 3.59
Transportation equipment................................* 1.93 1.96 1.93 1.76 6.35 6.38 6.58 5.51
Instruments and related products......................... 2.98 3.12 2.95 2.48 (NA) (NA) (NA) (NA)
Nondurable goods industries, total......................... 1.22 1.22 1,19 1.19 0.47 0.50 0.52 0.56
Food and kindred products.............................* 0.86 0.88 0.86 0.87 (X) (X) (X) (X)
Tobacco products.........................................* 4.35 4.84 4.49 4.52 (X) (X) (X) (X)
Textile mill products.................................... 1.89 1.84 1.81 1.74 (NA) (NA) (NA) (NA)
Paper and allied products................................ 1.29 1.25 1.19 1.10 (NA) (NA) (NA) (NA)
Chemicals and allied products............................ 1.35 1.29 1.25 1.26 (X) (X) (X) (X)
Petroleum and coal products.............................. 0.76 0.78 0.75 0.78 (X) (X) (X) (X)
Rubber and plastics products, n.e.c...................... 1.52 1.51 1.50 1.47 (X) (X) (X) (X)


iNA) Not available.


~Preliminary.


'Excludes the following industries with


rRevised. (X
no unfilled order:


Not applicable.
Wooden containers;


glass containers; metal


cans,


barrels


and drums: motor


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


GROUP









Appendix


The following is a description of the survey and


definitions used.


the meaning


represent


EXPLANATION OF


TERMS


These are provided to clarify


of the items


involved and do not


revisions from those definitions


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


previously employed.


reported


which


are received


receivable net selling values, f.o.b.


plant, after


DESCRIPTION OF THE SURVEY


discounts
charges an


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


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-


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


lishments.


the ASM,


each


manufacturing


establishment provides data on employment, pay-


rolls, shipments,
penditures, and


selected items.
information onr


cost of materials,


inventories


as wel]


capital ex-
I as other


The establishments do not provide


1 unfilled


orders or new orders.


Since the ASM is establishment based, itprovides
data for each of the 425 manufacturing industries
in the Standard Industrial Classification System
(SIC) and area data for industry groups.


activities such as the sale of scrap and refuse;
value of installation and repair workperformedby
employees of the plant; and value of research and
development performed at the plant. In the aircraft
industry and shipbuilding, the value of work done
in a given year varies considerably from the value
of shipments because of the long lead time between
the input of the materials and labor and the ship-
ments of the completed aircraft or ship. In the


annual survey.


therefore, the value of work done


The monthly


survey


M3-1


does not provide


information at the complete SIC industry detail
because of the smaller size of the reporting panel
and the fact that most companies cannot provide


shipments,


inventories,


and orders data monthly


for individual establishments.


during the year is requested rather than the value
of shipments.

The value of shipments figures developed from
the ASM contain duplication at the all manufac-
turing and industry group levels since the products
of some industries are used as materials by other


industries within the industry group.


The monthly reporting panel consists of ap-
proximately 5,000 .reporting units and includes
- virtually all companies with 1,000 or more em-
ployees and a sample of the smaller ones. The


reporting
operations


typically


comprises


the entire


a company although many of the


larger diversified companies file separate divi-
sional type reports for their operations in different
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
companies in each indus


link relative of matched


With the ex-


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


dustry cai
industries,


.gories typically are groupings of
this duplication is significant for the


all manufacturing,


durable goods and nondurable


goods categories and the various market groups.
The significance of the duplication within the
specific M3-1 industry groups varies depending on
the 4-digit industry composition of these groups.
It is most pronounced in a few highly integrated
industry areas such as primary metals and motor
vehicles and parts.

Since most monthly reports are for the entire
company or major divisions rather than establish-
ments, the companies are requested to report net
sales, i.e., total company billings after discounts


and allowances.


Companies which file divisional


reports are requested to treat transfers fromone
division of the company to another as if they were


net sales


to outside customers.


Although this


te




UNIVERSITY OF FLORIDA

8112 111111111111111llllll111111Iltull
8 3 1262 08589 4466


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.


Inventories--End-of-month inventories in the
monthly survey are identical in definition to the


end-of-year inventories in the ASM.


In the ASM,


respondents are asked to report inventories of
individual establishments at approximate current
cost if feasible; otherwise, "atbook values. Since
different methods of inventory valuation are used
(LIFO, FIFO, etc.), the definition of the aggregate
inventories for establishments in an industry xs
not precise. The figures on the change in in-


ventories


from


one period


to the next are of


greater significance than the actual aggregates.


Inven


cation:
and (c)


stories are reported by stage of fabri-
(a) finished goods; (b) work in process;


inventories.


materials, s5
In using


applies, fuel
inventories


and other
by stage of


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


New Orders Received


and Unfilled Orders--


Orders as reported in the monthly survey are net


of cancellations during the month.


They include


orders received during the period and also filled
during the period as well as thoseordersreceived


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 of partial or complete cancellation
of existing orders.

Unfilled orders include orders as defined above
that have not yet passed through the sales account.
Generally, unfilled orders at the end of the re-
porting period are equal to unfilled orders at the


beginning


of the period


new orders


received less net sales.
While both new orders and unfilled orders are
used in reviewing individual company reports for


consistency,


only unfilled orders are estimated


durable goods sectors,


finished


it should be noted that a


product of one industry may be a raw


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.


directly in the tabulated totals. New orders are
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.


*1\^'* J f