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:
November 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:
AA00008477:00081

Related Items

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

Full Text
5(o.'Z


Ic M ,1J -,I CURRENT


INDUS


Manufacturers'

Inventories.


4
I


TRIAL REPORTS


Shipments,

and Orders


November


1974


FOR RELEASE: January 2, 1975




SUMMARY


New orders for manufactured products in
November decreased $1.74 billion or 2.0 percent
to $4.63 billion after seasonal adjustment. Ship-
ments decreased $1.87 billion or 2.1 percent to


$86.23 billion in Novembe
decreased $1.60 billion or 1
Million at the end of Noven
i ventoies increased $1.96
to $147.03 billion at the e
ilnventories to shipments
1.65 to 1.71.


~r.


Unfilled


.2 percent


aber.


orders


to $137.14


Manufacturers'


billion or 1.4percent
nd of November. The
ratio increased from


UN


Unfilled ordei
$1.29 billion or


November.
tributable


This


IFILLEDIRODERS
rs of duraNle
1.0 percent t6-$


decrease


decreases


was


primary


*
*
S -- .1


ily at-
metals


industries ($645 million), motor vehicles and parts
($500 million) and electrical machinery ($370
million).


INVENTORIES


Inventories of durable goods increased $1.01


billion


nondurable


goods


increased


For
average


the 3


change


months
in nea


ending in
w orders


SNovember the


decreased


percent compared with a 2.0 percent increase for
the 3 months ending in August and a 2.5 percent
tindcease for the 3 months ending in May.

NEW ORDERS

Ney orders for .durable goods decreased $1.70
billon or 3.8percent to $43.39 billioninNovember.
This decrease was primarily attributable to de-
creases in motor vehicles and parts ($820 million),
primary metals industries ($425 million) and non-
electrical machinery ($400 million).

SHIPMENTS

Shipments of durable goods decreased $1.87
billion or 4.0 percent to $44.68 billion in November.
This decrease was primarily attributable to de-


million between the end of November and October.


At the all manufacturing


level,


materials and


supplies increased $405 million, work in process


increased


million


finished


goods


increased $1.17 billion.


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 inthe
report to be published for next month. The
advance report on durable goods for December is
scheduled for release on January 22. 1975 and


the full


r


eDort scheduled for release
report is scheduled for release


January 31, 1975.
January 31, 1975.


creases
primary


in motor vehicles and parts ($830 million),


metals


industries


($420


million)


fabricated metal products ($235 million).


merits of
at $41.55


This report contains data on an unadjusted and


seasonally


Ship-


nondurable goods remained unchanged
billion in November.


adjusted


are not adjusted


explanation


terms


basis.


price
used


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


appendix following table











OF MANUFACTURERS'


(Millions


of dollars)


Industry


group


All manufacturing
tries:
' Totals.. ......
*


Total,


Durable

Stone,

Primary


excluding


indus-


trans-


portation. *

goods industries, -total.

clay, and glass products.


y


metals,


t


Blast furnaces,
Nonferrous meta


All other primary


Fabricated
total....
Metal ca
drums..

Machinery,


Th~gines


;otal.........
steel mills.
lis..........


metals....


metal products

ns, barrels, an


except


electrical


and turbines........


Farm machinery andequipment.
Construction, mining, and
material handling equipment.


Metalworking


General ind

Electrical ma
Electrical
distribute
industrial
Household a


machinery......


lustrlal

chinery,


machinery

total...


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


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


Communication


equipment.....


Transportation equipment, total


Motor vehicles


Aircraft,


and parts....


missiles,


parts....*..............*.-


Shipbuilding


and railroad


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

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


related


products....


All other durable


goods


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


Nondurable


goods industries,


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

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


Tobacco
Textile

Paper a


Pulp,


products,
*.0tS S S .. 9
..o ........ g..


products.....
mill products


nd allied


products,


paper


Paperboa
All other

Chemicals


Industrial


soap,


, etc.n........
containers...*...


r paper containers..

and allied products,


chemcials,


except


and toiletries.


Shipments


Total inventories


S Without seasonal Without seasonal
Seasonally adjusted ustment Seasonally adjusted adjustment1
'' '-adjustment1 adjustments


86,227

76,600

44,676

2,237


7,110


88,093


2,338


85,224

75,329

43,812

2,208

8,060
4,209
2,608
1,243


5,232

509


7,211
584
644

1,506
504
743

5,557


1,158
694
517
1.239


89,892


2,136


1,997

433


1,258
593

665


4,255


35,031


147.026

126,672

95,690

3,692

11,318
5,249
4,308
1,761


11,352


1,072


2,103


9,095


51.336


10.288


124,637

94,680

3,649

11,141
5,172
4,266
1,703


10,934

1.002


14.526


2,115


9,186


50,382


11,745
1,181
914


9.896


142.975


122


786


10,705

915


14.299


146,273

125,768

95,046

3,542

11,341
5,327
4,300
1,714


11,100

998


14.439


20,505
6,324

10,803

2,518


a ian


144,120

123,565

93,968


3.485


14,435


20.555


ond env.1 nrnd.ictst S hA 2Q22 SASS


117,842

99,958


7.092


Drugs,

Dat1 alotrn


GROUP


. s











GROUP--Continued


OF MANUFACTURERS'


(Millions


of dollars)


Industry


All manufact
tries:
Total.....


Total,


group


during


excluding


portation.......


Durable g

Primary


oods industries,


metals,


Blast furnaces,


Nonferrous

Fabricated m

Machinery, e


Engines


total..


indus-


trans-

..total....
total.

'S.....


steel mills.


metals..........

metal products.....


except


electrical


and turbines......


Construction,


mining,


material handling equipment.


Metalworking


machinery.....


General industrial machinery,


Electrical

Electric
distribu
industry
Household


machinery,


total...


transmission and
on equipment and
L apparatus.......
appliances........


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


Communicate ion

Transportation


Aircraft,


Shipbuilding


* equipment.....

equipment,


missiles,


and railroad


equipment..****...****.....


All other


durable


goods


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


Nondurable


Industries


goods industries,


with unfilled


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


Industries


without


unfilled


orderso... o.. ...*.. o....


New orders


Unfilled


orders


S Without seasonal Without seasonal
Seasonally adjusted adjustment Seasonally adjusted adjustment


5,226


7,602

623

1,688
523
728

5,026



956
701
454
1,392


9,668


2,543

624


7,911


41,244


9,246

31.998


86,369

76,357

45,084

8,378


31,308


83,716

73,838


87,914

77,684

45,418

7.918


6.795


4,849


6,889

676

1,397
423
555

5,748



1,150
637
629
1,110


11,015


1,982

1,228


7,684


35,072


8,840

26.232


137,142

102,867

132,935

18,347

11,278
3,545

20,225


29,976

7,053


138,738

104,504

134,224

18,993

11,887
3,561

20,292


30,142

7.041


140,467

105,746

135,695

19,636

12,501
3,694

20,264


29,933

6.994


135,127

100,855

130,972

16.999


21,260



6,579
105
518
7,288


34,272


20,938

8,709


8,633


4,155


4.155


136,636

102,349

132,191

17,058

10,211
3,376

20,241


21,842



6,809
133
599
7,207


34,287


20,743

8,599


8,835


4,445


4.445


111,401

81,266

106,722

13,770

9,086
2,647

14,491


21,191

5.572


- Represents


~Preliminary.


Revised.


and calendar-month variations.










Table 2.--VALUE OF MANUFACTURERS' SHIPMENTS, INVENTORIES, AND ORDERS, FOR MARKET CATEGORIES AND SUPPLEMENTARY SERIES
(Millions of dollars)

Without seasonal Without seasonal
Seasonally adjusted adjustment1 Seasonally adjusted adjustment
adjustment- adjustment
Industry group
Nov. Oct. Sept. Nov. Oct. Nov. Nov. Oct. Sept. Nov. Oct. Nov.
1974p 1974r 1974 1974 1974r 1973 1974 1974r 1974 1974 1974r 1973

Shipments Total inventories


All manufacturing industries, total.. 86,227 88,093 85,937 85,224 89,892 75,505 147,026 145,062 142,975 146,273 144,120 117,842

Durable goods industries, total............ 44,676 46,548 45,016 43,812 47,165 40,474 95,690 94,680 93,184 95,046 93,968 77,154
Nondurable goods industries, total......... 41,551 41,545 40,921 41,412 42,727 35,031 51,336 50,382 49,791 51,227 50,152 40,688

Industry groups arranged by market
categories:
Home goods and apparel................... 7,461 7,591 7,429 7,486 8,249 7,225 14,884 14,929 14,839 14,344 14,523 12,580
Consumer staples........................ 16,805 16,644 16,072 17,025 17,374 15,104 18,959 18,598 18,380 19,267 18,826 16,110
Equipment and defense products, except
automotive.............................. 11,447 11,445 10,991 10,984 11,400 9,510 37,394 36,919 36,234 37,306 36,703 30,507
Automotive equipment....................... 7,606 8,573 8,299 7,756 9,006 8,120 8,155 8,247 8,171 8,184 8,253 7,062
Construction materials, supplies, and
intermediate products................... 6,350 6,672 6,503 6,245 6,981 6,194 12,897 12,762 12,754 12,648 12,524 9,828
Other materials and supplies and
intermediate products................... 36,558 37,168 36,643 35,728 36,882 29,352 54,737 53,607 52,597 54,524 53,291 41,755

Supplementary series :
Household durable goods industries...... 3,216 3,345 3,287 3,226 3,606 3,292 7,554 7,514 7,368 7,361 7,345 5,955
Capital goods industries................. 12,864 12,950 12,648 12,672 12,841 11,373 41,950 41,368 40,675 41,915 41,274 34,502
Nondefense............................. 11,292 11,287 11,010 11,059 11,196 9,787 35,469 34,905 34,298 35,400 34,775 28,962
Defense#............................... 1,572 1,663 1,638 1,613 1,645 1,586 6,481 6,463 6,377 6,515 6,499 5,540

New orders Unfilled orders


All manufacturing industries, total.. 84,631 86,369 87,147 83,716 87,914 78,052 37,142 138,738 140,467.1 35,127 136,636 111,401

Durable goods industries, total............ 43,387 45,084 46,402 42,592 45,418 42,980 132,935 134,224 135,695 130,972 132,191 106,722
Nondurable goods industries, total......... 41,244 41,285 40,745 41,124 42,496 35,072 4,207 4,514 4,772 4,155 4,445 4,679

Industry groups arranged by market
categories:
Home goods and apparel................... 7,336 7,534 7,263 7,283 8,099 7,220 2,548 2,667 2,722 2,512 2,696 2,928
Consumer staples......................... 16,813 16,641 16,085 17,046 17,388 15,113
Equipment and defense products, except
automotive.............................. 11,523 11,425 12,025 10,596 11,323 10,742 6,748 67,170 67,712 66508 67,216 54,215
Automotive equipment..................... 7,109 8:058 8,230 7,435 8,554 8:326
Construction materials, supplies, and
intermediate products.................. 6,374 6,625 6,952 6,092 6,853 6,315 18,078 18,054 18,101 17,908 18,061 13,445
Other materials and supplies and
intermediate products.................. 35,476 36,086 36,592 35,264 35,697 30,336 49,768 50,847 51,932 48,199 48,663 40,813

Supplementary series:2
Household durable goods industries....... 3,142 3,294 3,128 3,063 3,470 3,280 1,976 2,052 2,100 1,927 2,091 2,318
Capital goods industries................. 13,204 12,784 13,510 12,608 12,684 12,891 75,466 75,128 75,302 75,191 75,256 60,506
Nondefense.............................. 10,835 11,383 11,832 10,469 11,197 10,942 50,954 51,413 51,323 50,590 51,181 39,730
Defenses............................... 2,369 1,401 1,678 2,139 1,487 1,949 24,512 23,715 23,979 24,601 24,075 20,776


wDuring 1968
gate figures on
included in the
variations; unf


manufacturers in ordnance
shipments, orders, and to
defense series. PPrel


iled orders and


communicate
1 inventor


iminary.


inventories as of


ions, aircra
ies of work


rRevised.
end of month.


ft and aircraft parts,
performed for the Depa
'Shipments and new
2The supplementary


and shipbuilding
rtment of Defense.
orders adjusted fo


series


industries began
The results of
r trading-day and


provide


aggre-


hese reports are
calendar-month


are regroupings of the separate industry


categories as follows:


Household durable goods industries Household furniture; kitchen articles and pottery; cutlery, handtools, and hardware; household
appliances; ophthalmic goods, watches, and clocks; and miscellaneous personal goods.
Capital goods industries The capital goods industries series is comparable to the previous Producers' Capital Goods and the Defense
Products (old series) categories.
Nondefense products Machinery, except electrical (excluding farm machinery and equipment and machine shops\ electrical machinery
(excluding household appliances and electronic components), and the nondefense portions of shipbuilding and repairing and railroad
equipment, communication equipment, aircraft and aircraft parts, and ordnance.
Defense products Based on separate reports on defense work filed by large defense contractors in the following industries: ordnance,
communications, aircraft and aircraft parts, and shipbuilding. The data are comparable to those published annually in the MA-175,
Shipments of Defense-Oriented 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 Oct.- Sept,- Aug.- Averages1Average
Nov. Oct. Sept. Ag-MyFe- Average Average
1974 1974 1974 Aug.- May- Feb.- Nov. 1973- rise decline
Nov. 1974 Aug. 1974 May 1974 Nov. 1974


Shipments:
All manufacturing industries......... -2.1 +2.5 +0.2 +0.2 +1.9 +1.8 +1.1 +1.3 -1.0

Durable goods industries, total........ -4.0 +3.4 +0.4 -0.1 +1.8 +2.0 +0.7 .+1.8 -1.5
Nondurable goods industries, total..... 0.0 +1.5 0.0 +0.5 +2.0 +1.5 +1.4 +1.1 -0.8

Total inventories:
All manufacturing hindustries......... +1.4 +1.5 +2.3 +1.7 +2.2 +1.6 +1.8 +0.6 -0.1
New orders:
All manufacturing industries......... -2.0 -0.9 -3.6 -2.2 +2.0 +2.5 +0.7 +1.7 -1.4
Durable goods industries, total........ -3.8 -2.8 -6.2 -4.3 +1.9 +3.4 +0.1 +2.5 -2.1
Nondurable goods industries, total..... -0.1 +1.3 -0.5 +c.2 +2.1 +1.5 +1.4v +1.1 -0.8
Unfilled orders:
Durable goods industries, total........ -1.0 -1.1 +1.0 -0.4 +3.2 +2.4 +1,7 +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 ajtnSeasonally adjusted ajt
adjustment adjustment
Industry group
Nov. Oct. Sept. Nov. Oct. Nov. Nov. Oct. Sept. Nov. Oct. Nov.
1974p 1974r 1974 1974P 1974r 1973 1974 1974r 1974 1974p 1974r 1973

Total Materials and supplies

All manufacturing industries, total.. 147,026 145,062 142,975 146,273 144,120 117,842 52,523 52,119 51,328 52,471 52,065 39,131
Durable goods, industries, total............ 95,690 94,680 93,184 95,046 93,968 77,154 32,148 31,846 31,102 32,118 31,994 23,441
Stone, clay, and glass products.......... 3,692 3,649 3,552 3,542 3,485 2,626 1,388 1,382 1,336 1,376 1,371 962
Primary metals........................... 11,318 11,141 10,940 11,341 11,092 9,255 5,115 5,018 4,899 5,238 5,162 3,593
Machinery (electrical and nonelectrical). 35,690 35,153 34,536 35,481 34,862 28,492 11,013 11,045 10,691 10,881 10,921 7,975
Transportation equipment.................. 20,354 20,425 20,189 20,505 20,555 17,884 4,401 4,479 4,555 4,490 4,579 3,665
All other durable goods industries....... 24,636 24,312 23,967 24,177 23,974 18,897 10,231 9,922 9,621 10,133 9,961 7,246
Nondurable goods industries, total......... 51,336 50,382 49,791 51,227 50,152 40,688 20,375 20,273 20,226 20,353 20,071 15,690
Chemicals and allied products............ 10,288 9,896 9,444 10,131 9,675 7,092 4,346 4,314 4,176 4,308 4,252 2,682
Petroleum and coal products.............. 3,923 3,869 3,924 4,032 3,968 2,617 960 966 1,000 965 959 567
Rubber and plastics products, n.e.c...... 3,245 3,187 3,141 3,226 3,132 2,559 1,207 1,252 1,239 1,229 1,245 956
All other nondurable goods industries.... 33,880 33,430 33,282 33,838 33,377 28,420 13,862 13,741 13,811 13,851 13,615 11,485

Work In process Finished goods

All manufacturing industries, total.. 49,062 48,671 48,236 49,018 48,573 '41,920 45,441 44,272 43,411 44,784 43,482 36,791
Durable goods Industries, total............ 41,162 40,848 40,488 41,171 40,774 35,529 22,380 21,986 21,594 21,757 21,200 18,184
Stone, clay, and glass products.......... 463 458 454 427 424 363 1,841 1,809 1,762 1,739 1,690 1,301
Primary metals........................... 3,672 3,648 3,665 3,647 3,571 3,395 2,531 2,475 2,376 2,456 2,359 2,267
Machinery (electrical and nonelectrical). 15,822 15,603 15,482 15,880 15,604 13,245 8,855 8,505 8,363 8,720 8,337 7,272
Transportation equipment.................. 14,226 14,244 13,986 14,288 14,292 12,639 1,727 1,702 1,648 1,727 1,684 1,580
All other durable goods industries....... 6,979 6,895 6,901 6,929 6,883 5,887 7,426 7,495 7,445 7,115 7,130 5,764
Nondurable goods industries, total......... 7,900 7,823 7,748 7,847 7,799 6,391 23,061 22,286 21,817 23,027 22,282 18,607
Chemicals and allied products............ 1,569 1,525 1,452 1,553 1,497 1,107 4,373 4,057 3,816 4,270 3,926 3,303
Petroleum and coal products.............. 1,053 1,049 1,023 1,058 1,071 593 1,910 1,854 1,901 2,009 1,938 1,457
Rubber and plastics products, n.e.c...... 562 533 530 560 530 415 1,476 1,402 1,372 1,437 1,357 1,188
All other nondurable goods industries.... 4,716 4,716 4,743 4,676 4,701 4,276 15,302 14,973 14,728 15,311 15,061 12,659


~Preliminary.


data)










INVENTORIES TO SHIPMENTS AND UNFILLED ORDERS TO SHIPMENTS, BY INDUSTRY GROUP


(Based


on seasonally adjusted data)


neoe st Unfilled orders shipments ratio'
Inventories shipments ratio
(months' backlog)
Industry group
Nov. Oct. Sept. Nov. Nov. Oct. Sept. Nov.
1974p 1974r 1974 1973 1974p' 1974r 1974 1973


All manufacturing industries, total.................. 1.71 1.65 1.66 1.56 2.80 2.76 2.87 2.55
Durable goods industries, total............................ 2.14 2.03 2.07 1.89 3.37 3.30 3.45 3.04
Stone, clay, and glass products.......................... 1.65 1.50 1.52 1.27 (NA) (NA) (NA) (NA)
Primary metals................................* **........ 1.32 1.23 1.30 1.36 2.13 2.11 2.33 2.20
Fabricated metals........................................ 2.15 1.98 2.03 1.87 4.29 4.13 4.33 3.46
Machinery, except electrical..................e.......... 2.72 2.65 2.75 2.47 3.86 3.87 4.07 3.22
Electrical machinery..................................... 2.71 2.62 2.53 2.29 3.94 3.90 3.90 3.66
Transportation equipment................................. 2.11 1.95 1.96 1.82 6.58 6.31 6.38 5.89
Instruments and related products......................... 2.85 2.95 3.12 2.57 (NA) (NA) (NA) (NA)
Nondurable goods industries, total......................... 1.24 1.21 1.22 1.16 0.44 0.47 0.50 0.54
Food and kindred products................................ 0.85 0.84 0.88 0.86 (X) (X) (X) ()
Tobacco products....,................................... 4.79 4.34 4.84 4.63 (X) (X) (X) (X)
Textile mill products.................................... 1.91 1.90 1.84 1.71 (NA) (NA) (NA) (NA)
Paper and allied products................................ 1.32 1.29 1.25 1.09 (NA) (NA) (NA) (NA)
Chemicals and allied products............................ 1.45 1.36 1.29 1.22 (X) (X) (X) (X)
Petroleum and coal products.............................. 0.76 0.76 0.78 0.74 (X) (X) (X) (X)
Rubber and plastics products, n.e.c...................... 1.61 1.50 1.51 1.43 (X) (X) (X) (X)


(NA) Not available.


~Preliminary.


rHevised


'Excludes the following industries with no unfilled order:


Not applicable.
Wooden containers;


glass containers; metal


cans,


barrels


and drums;


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.


motor










Appendix


The following is a description of the survey and


definitions used.


These are provided to clarify


the meaning
represent ai


of the items


involved and do not


revisions from those definitions


previously employed.


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


reported


DESCRIPTION OF THE SURVEY


ASM


which


receivable net selling values,


discounts


are received


f.o.b.


plant, after


and allowances and excluding freight


The Manufacturers


Shipments,


Inventories,


and Orders survey provides monthly figures that
are comparable to the annual totals published each
year in the annual survey of manufactures (ASM).
The ASM is based on a sample of approximately
60,000 manufacturing establishments drawn from
the 5-year census universe of about 310,000 estab-


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


lishments.


the ASM,


each


manufacturing


establishment provides data on employment, pay-


rolls,


shipments,


penditures, an
selected items.
information on


cost of materials,


inventories


as wel


capital ex-
1 as other


The establishments do not provide


Unfilled


orders or new orders.


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


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


annual survey.


therefore, the value of work done


The monthly


survey


M3-1


does not provide


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


shipments, inventories,
for individual establish


and orders data monthly


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

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


industries within the industry group.


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


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,


igories typically are groupings of
this duplication is significant for the


reporting
operations


typically


comprises


the entire


a company although many of the


larger diversified companies file separate divi-
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


using


a link relative of matched


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

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


cnmnsai'es. in ^nr-,h inditrv-iyrn


EXPLANATION OF TERMS


te




UNIVERSITY OF FLORIDA

8 DII III I IllII I III I IIII IIII I II IIII I I I
3 1262 08589 4318


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 xs
not precise. The figures on the change in in-


ventories


from


one period


to the next are of


-
greater significance than theactualaggregates.

Inventories are reported b
y stage of fab


cation:


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


materials,


inventories.


In using


supplies,


inventories


and other
by stage of


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


durable goods sectors,


finished


it should be noted that a


product of one industry may be a raw


material for another industry at the next stage of


fabrication.


Insofar as the durable and nondurable


goods sectors and also the 2-digit industry groups


contain


industries


with


successive


stages


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


New Orders Received


and Unfilled Orders--


Orders as reported in the monthly survey are net


of cancellations during the month.


They include


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


for future delivery.


They also include the net


sales value of contract change documents which
increase or decrease the sales value of the un-
filled orders to which they relate. Orders include
only those supported by binding legal documents
such as signed contracts, or letter contracts. In


case


of letter contracts the full amount of the sales


value is included if the parties are in substantial
agreement on the amount; otherwise, only the funds
specifically authorized to be expended are in-


cluded.


The respondent is instructed to deduct


the sales value 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


received less net sales.


new orders


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


consistency,


only unfilled orders are estimated


directly in the tabulated totals.


derived


New orders are


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 adjustedindepend-


ently.


Seasonally adjusted new orders are derived


from seasonally adjusted shipments
sonally adjusted unfilled orders.


sea-


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