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:
January 1975
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:
AA00008477:00082

Related Items

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

Full Text

''V
a


NV)- K


I
'~&U4ENT


Manufacturers'


REPORTS


Shipments,


Inventories, and


Orders


January


FOR RELEASE:


March 5, 1975


2:00 P.M.


SERIES:


M3-1(75)-1


*


for manufactured


The nondur
million or


products


January decreased $1,527 million or 2.0 percent
to $74,927 million after seasonal adjustment.
Shipments decreased $485 million or 0.6 percent
to $79;002 million in January. Unfilled orders
decreased $4,072 million or 3.0 percent to
$129,760 million at the end of January. Inven-
tories increased $1,073 million or 0.7 percent to
4151,477 million at the end of January. The


to shipments


ratio increased from


January.


Unfilled
decreased $
million at t


able goods industry@ b .re'ade
0.6 percent to 33 millic


UNFILLED O RqPR

orders for durableftds. indus
3,964million or3.1pkC i
he end of January. T5-i


Di


in.-
a
cn\
.*^

-'A it
34$ i

tlI,1


unfilled orders was primarily attribute '1Wde-
creases in primary metals ($2,155 million), non-
electrical machinery ($568 million), the aerospace
industry ($374 million) and fabricated metal
products ($372 million).


For the


months ending in January the average


decrease in new orders was 4.6 percent compared


INVENTORIES


with


a 0.4


ending in October and a 2.2
the 3 months ending in July.


percent increase for


Inventories


creased


NEW ORDERS

New orders for durable goods industries de-
creased $1,530 million or 4.0 percent to $36,312
million in January: The decrease in new orders
was chiefly attributable to the primary metals
industries ($1,228 million), the aerospace indus-
tries ($959 million) and the nonelectrical ma-
chinery industries ($499 million). These decreases
were partially offset by increases in electrical


$1,16~


of durable
! million


goods
and non


industries in-
durable goods


industries decreased $89 million between the end
of January and December. At the all manufacturing
level, materials and supplies increased $257


million,


work in process increased $194 million


and finished goods increased $622 million.


SCHEDULED RELEASE DATES


The figures on the durable goods industries in
this report supersede those issued earlier in the


advance report on durable goods.


The present


machinery ($473 million), shipbuilding and rail-
road equipment ($454 million) and fabricated
metal products ($359 million). Among the sup-


elementary series, capital goods industries de-
creased $476 million with the nondefense sector
decreasing $446 million and the defense sector
decreasing $30 million.


SHIPMENTS


Shipments of durable goods industries de-
creased $270 million or 0.7 percent to $40,279
million in January. This decrease was led by the
nonelectrical machinery industry ($245 million).


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 February is
scheduled for release on March 21, 1975 and the
full report is scheduled for release on April 1,
1975.


This report contains data on an unadjusted and


seasonally


adjusted


are not adjusted


explanation


terms


basis.
price
used


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


appendix following table


1975


SUMMARY


orders


inventories
.89 to 1.92.


percent decrease for the 3 months


INDUSTRIAL


)n











OF MANUFACTURERS'


(Millions


of dollars)


Industry


group


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


Total,


excluding


portation......


Durable g

Stone, c

Primary


oods industries,


indus-


tranls-


total.


:lay, and glass products.


metals,


t


Blast furnaces,
Nonferrous meta


All other primary


Fabricated


otall........
steel mills.
LlS..........*.


metals....


metal products


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


Metal


cans, barrels,


drums......................


Machinery,


Engines


except


electrical,


and turbines........


Farm machinery


and equipment.


Construction, mining, and
material handling equipment.


Metalworking


machinery. ......-


General industrial


Electrical ma
Electrical
distribute
industrial
Household a


chinery,


machinery
total...


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


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


Communication


equipment-....


Transportation equipment,


Motor vehicles


Aircraft,


total


and parts....


missiles,


parts......... ..
Shipbuilding and railroad
equipment.............. ....


Instruments
products, t
Scientific
All other
related p


and related
otal..............
and engineering..
instruments and
roducts...........


All other durable
industries.......


Nondurable


goods


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


Tobacco
Textile

Paper a


goods


industries


products


products.....
mill products


nd allied


Pulp, paper,


products


etc..


Paperboard containers.......


All othe

Chemicals


Industrial
pigments..


Drugs,


paper containers..


and allied


chemcials,


products,


except


..and toiletries*.
and toiletries.


Shipments


Total inventories


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


6,800


6.866


7.153


73,832

66,315

37,393

1,848

6,954
3,909
1,945
1,100


4,629

552


7,024
503
801

1,454
532
710
4,639


990
546
345
1.156


6.313


75,406


6.118


5.685


Jan.
* 1975p


151,477

130,115

99,129

3,688


10.917


150,404

129,404

97.967


10.605


147,135

126,717

95,787

3,695

11,290
5,233
4,308
1,749


11,347

1.072


20,418
6,278

10,809

2,464


4,209
2,098

2,111


9,057


51.348


151,786

130,279

99,006

3,687

12,629
6,378
4,452
1,799


11,688

1.112


10.981


149,762

128,829

97,198

3,642


10.666


122,837

104,365

80,460

2.865


7.309


GROUP


soap,













OF MANUFACTURERS'


(Millions


of dollars)


Industry


group


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


Total,


excluding


indus-


tranis-


portation......


Durable g

Primary


oods industries,


total.


metals,


Blast furnaces


Nonferrous

Fabricated m

Machinery, e


Engines


Construction, mining, and
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


Aircraft, mi
parts......
Shipbuilding


Sequipment.....

equipment,


ssiles,


and railroad


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


All other durable


goods


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


Nondurable


goods industries,


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


Industries


without


unfilled


total.........

, steel mills.


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

etal products.....


xcept


electrical,


New orders


Unfilled


orders


Without seasonal Without seasonal
Seasonally adjusted adjUStment Seasonally adjusted adjustment
adj ustment-' adj ustment1


74,927

67,626

36,312

5,069


4,746


6,927

388

1,403
559
769

4,912



1,188
652
309
1,302


7,301


1,503

759


7,357


38.615


30.245


76,454


72,032


4,347


765


aua


6,671


36,351


7,886

28,465


74,948

65,658

40,566

6.957


4,752


6,925

591

1,407
375
626

5,654



1,122
610
486
1,302


9,290


2,277

811


6,988


34,382


8,479

25,903


129,760

95,969


125,980

15.047


7,070


33,791


21,113

8,809


8,372


3,780


3,780


133,832

99,457

129,944

17,202

10,255
3,411

19,710


29,592

7.192


136,869

102,668

132,656

18,286

11,227
3,520

20,262


29,907

7.041


130,545

96,547

126,850

15,752

9,085
3,299

19,300


29,113

7,052

7,244
2,468
3,368

20,434



6,434
91
391
7,199


33,998


21,162

8,866


8,253


3,695


3,695


132,345

98,282

128,563


29,371


117,149

85,952

112,191

14,743

9,345
3,152

15,457


22,571

5.889


- Represents


~Preliminary.


Revised.


Adjusted for trading-day and calendar-month


and turbines........












OF MlANUFACTURERS '


(Millions


AND ORDERS,
of dollars)


FOR MARKET


AND SUPPLEMENTARY SERIES


Without seasonal Without seasonal
Seasonally adjusted adjustment1 Seasonally adjusted adjustment
adjustment-* adjustment
Industry group
Jan. Dec. Nov. Jan. Dec. Jan. Jan. Dec. Nov. Jan. Dec. Jan.
1975p 1974r 1974 1975p 1974r 1974 1975p 1974r 1974 1975 1974r 1974


All manufacturing


Durable


Nondurable

Industry g


categories:
Home goods
Consumer s
Equipment


industries


industries

- total...


total..


goods industries,


arranged


and apparel
staples ......
and defense


products,


automotive...................


Automotive


equipment..........


Construction materials,


intermediate
Other material
intermediate

Supplementary se
Household dura


except
*... .... .
. .. ..... .


supplies, and


products..........
s and supplies and
products.........


rie5:~


industries....


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


All manufacturing


Durable


Nondurable

Industry g


categories:
Home goods


industries


industries

- total...


goods industries,


arranged


by market


and apparel.......


Consumer staples....-..........


Equipment and defense


- *. .
-* ..* .


products, except


automotive...................


Automotive


equipment.......* .


Construction materials.


intermediate p
Other materials
intermediate p

Supplementary ser
Household durab
Capital goods i


supplies,


roducts................
and supplies and
roducts,........ ...........


ies :t


industries.......
i.**** ** **-******.


industries


Nondefense.
Defense-- ..


Shipments


40.279


6,020


33,345


2,949
12,322
10,708
1,614


79.487


16,185


86,152

44,752
41,400



7,327
16,650

11,364
7,873

6,301

36,637


3,185
12,749
11,213
1,536


71,925

37,765
34,160



6,262
14,395

9,210
6,626

5,259

29,496


2,777
10,745
9,377
1,368


New orders


74,927

36,312
38,615



6,270
16,295

10,660
5,637

5,758

30,307


2,787
11,651
10,013
1,638


76,454

37,842
38,612



6,338
16,185

10,921
5,853

5,623

31,534


2,810
12,127
10,459
1,668


84,282

43,182
41,100


7,163
16,651

11,308
7,348

6,350

35,462


3,057
12,974
10,623
2,351


72,894

36,024
36,870



5,614
15,977

10,776
5,076

4,995

30,456


2,628
11,995
10,229
1,766


75,674

41,292
34,382



6,303
14,410

10,930
6,732

5.693


Total inventories


129,760


65,198


880 44,724


97,967
52,437



14,900
19,530

37,967
8,475

13,195

56,337


7,522
42,482
35,939
6,543


47,761


50,318


147,135

95,787
51,348



14,904
18,979

37,472
8,167

12,906

54,707


7,528
42,031
35,554
6,477

Unfilled


51,786 149

99,006 97
52,780 52



14,340' 14
19,937 19

38,676 37
8,532 8

12,850 12

57,451 56


,762

,198
,564



,397
,904

,809
,491

,989

,172


7,307
42,271
35,765
6,506


122,837

80,460
42,377



13,212
16,488

31,547
7,564

10,242

43,784


6,250
35,433
29,774
5,659


orders


869 130


132,656
4,213




2,502


66,590


18,105

49,672


1,922
75,352
50,822
24,530


132,345

128,563
3,782




2,239


65,706


17,493

46,907


1,702
74,472
49,789
24,683


117,149

112.191
4,958




2,835


56,966


14,364

42,984


2,191
63,251
41,722
21,529


4During 1
gate figures
included in
variations:


968 manufacturers


on shipments,
the defense se


unfilled


orders


in ordnance,


orders,
ries.


communications,


and total inventories
PPreliminary. FR


and inventories


aircraft


and aircraft


of work performed


evised.


as of end of month.


parts,


and shipbuilding


for the Department


'Shipments


new orders


mThe supplementary


of Defense.
adjusted fo


industries


began to provide


The results of these


>r trading-day


are regroupings


aggre-


reports


and calendar-month


of the separate


industry


categories


as follows:


Household


durable


goods


industries


- Household


furniture;


kitchen


articles


and pottery;:


cutlery,


handtools.


and hardware:;


household


appliance
Capital goo
Products


s: ophthalmic
ds industries
(old series


goods,


watches,


- The capital
categories.


and clocks:;


goods


and miscellaneous


industries


personal


is comparable


goods.


to the previous


Producers


Capital


Goods and the Defense


Nondefense
'excludin


products -
e household


Machinery,
appliances


except


electrical


(excluding


and electronic components,,


farm machinery and equipment
and the nondefense portions


and machine


shops


of shipbuilding and


electrical
repairing


machinery
and railroad


equipment, communication


Defense


products


communications,


- Based o
aircraft


equipment, aircraft and aircraft


n separate


and aircraft


reports


parts


parts,


on defense work filed
, and shipbuilding.


and ordnance.
by large defense


The data


contractors


are comparable


in the following


to those published


industries:


annually in the


ordnance,
MA-175,


Industries, for the specified industries.


goods


roups


ble


goods


goods


total.


roups


total


le


goods












Table 3.--MANUFACTURERS'


(Based


on seasonally


adjusted


Month-to-month Average monthly rates of change Average, 1969-74

Dec. 3 months 12 months
Item and industry group 1974- Nov.- Oct. -7- JlAp.9 Average Average
9Jan.4- Dec Nov Averagise Average
Jan1 1974 1974 Oct. 1974- July- Apr.- Jan- 1974- rise decline
1975 Jan. 1975 Oct. 1974 July 1974 Jan. 1975


Shipments:
All manufacturing industries......... -0.6 -7.7 -2.2 -3.5 +1.6 +2.1 +0.3 +1.5 -1.4

Durable goods industries, total........ -0.7 -9.4 -3.9 -4.7 +1.8 +2.3 +0.1 +1.9 -2.0
Nondurable goods industries, total..... -0,6 -5.9 -0.3 -2.3 +1.4 +1.8 +0.6 +1.3 -1.0

Total inventories:
All manufacturing industries......... +0.7 +2.2 +1.4 +1.4 +2.0 +2.1 +1.8 +0.8 -0.1
New orders:
All manufacturing industries......... -2.0 -9.3 -2.4 -4.6 -0.4 +2.2 -0.3 +1.9 -1.8
Durable goods industries, total........ -4.0 -12.4 -4.2 -6.9 -1.8 +2.7 -1.0 +2.5 -2.7
Nondurable goods industries, total..... 0,0 -6.1 -0,4 -2.2 +1.2 +1.7 +0.5 +1.3 -1.1
Unfilled orders:
Durable goods industries, total........ -3.1 -2.0 -1.2 -2.1 +1.2 +3.2 +1.1 +1.7 -1.1












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

Without seasonal Without seasonal
Seasonally adjusted ajtnSeasonally adjusted
adjustment adjustment
Industry group
Jan. Dec. Nov. Jan, Dec. Jan. Jan. Dec. Nov. Jan. Dec. Jan.
1975p 1974r 1974 1975p 1974r 1974 1975P 1974r 1974 1975p 1974r 1974

Total Materials and supplies


All manufacturing industries, total.. 151,477 150,404 147,135 151,786 149,762 122,837 54,377 54,120 52,517 54,637 54,649 41,483
Durable goods industries, total............ 99,129 97,967 95,787 99,006 97,198 80,460 33,710 33,393 32,164 33,661 33,576 24,877
Stone, clay, and glass products.......... 3,688 3,721 3,695 3,687 3,642 2,865 1,519 1,432 1,394 1,514 1,437 1,029
Primary metals............................. 12,435 11,861 11,290 12,629 12,038 9,617 5,770 5,408 5,127 5,874 5,647 3,733
Machinery (electrical and nonelectrical). 36,625 36,236 35,771 36,397 35,965 29,578 11,418 11,277 11,038 11,368 11,284 8,479
Transportation equipment................. 21,362 21,000 20,418 21,507 20,933 18,472 4,656 4,866 4,423 4,687 4,933 3,914
All other durable goods industries....... 25,019 25,149 24,613 24,786 24,620 19,928 10,347 10,410 10,182 10,218 10,275 7,722
Nondurable goods industries, total......... 52,348 52,437 51,348 52,780 52,564. 42,377 20,667 20,727 20,353 20,976 21,073 16,606
Chemicals and allied products............ 10,917 10,605 10,205 10,981 10,666 7,309 4,500 4,411 4,345 4,525 4,450 2,864
Petroleum and coal products.............. 4,064 3,925 3,892 4,083 3,994 2,744 991 922 958 1,006 939 601
Rubber and plastics products, n.e.c...... 3,325 3,267 3,265 3,337 3,287 2,714 1,225 1,247 1,222 1,210 1,251 997
All other nondurable goods industries.... 34,042 34,640 33,986 34,379 34,617 29,610 13,951 14,147 13,828 14,235 14,433 12,144

Work in process Finished goods

All manufacturing industries, total.. 49,744 49,550 49,038 49,756 48,912 42,876 47,356 46,734 45,580 47,393 46,201 38,478
Durable goods industries, total............ 41,964 41,506 41,121 41,970 41,023 36,307 23,455 23,068 22,502 23,375 22,599 19,276
Stone, clay, and glass products.......... 479 483 464 480 455 390 1,690 1,806 1,837 1,693 1,750 1,446
Primary metals........................... 3,774 3,728 3,654 3,846 3,700 3,545 2,891 2,725 2,509 2,909 2,691 2,339
Machinery (electrical and nonelectrical). 15,878 15,887 15,794 15,824 15,738 13,576 9,329 9,072 8,939 9,205 8,943 7,523
Transportation equipment................. 14,848 14,247 14,243 14,921 14,157 12,886 1,858 1,887 1,752 1,899 1,843 1,672
All other durable goods industries....... 6,985 7,161 6,966 6,899 6,973 5,910 7,687 7,578 7,465 7,669 7,372 6,296
Nondurable goods industries, total......... 7,780 8,044 7,917 7,786 7,889 6,569 23,901 23,666 23,078 24,018 23,602 19,202
Chemicals and allied products............ 1,674 1,613 1,570 1,664 1,630 1,112 4,743 4,581 4,290 4,792 4,586 3,333
Petroleum and coal products.............. 1,043 1,090 1,062 1,028 1,077 686 2,030 1,913 1,872 2,049 1,978 1,457
RPbber and plastics products, n.e.c...... 567 557 558 569 566 435 1,533 1,463 1,485 1,558 1,470 1,282
All other nondurable goods industries.... 4,496 4,784 4,727 4,525 4,616 4,336 15,595 15,709 15,431 15,619 15,568 13,130


PPreliminary.
rRevised.


data)












INVENTORIES TO SHIPMENTS AND UNFILLED ORDERS TO SHIPMENTS,


(Based


on seasonally adjusted data)


Inventories shipments ratio Unfilled orders shipments ratio'
Inventories shipments ratio
(months' backlog)
Industry group ----
Jan. Dec. Nov. Jan. Jan. Dec. Nov. Jan.
1975p 1974r 1974 1974 1975p 1974r 1974 1974

All manufacturing industries, total.................. 1.92 1.89 1.71> 1.61 2.92 2.97 2.81 2.63
Durable goods industries, total............................ 2.46 2.42 2.14 2.01 3.50 3.57 3.38 3.13
Stone, clay, and glass products.......................... 1.73 1.80 1.65 1.35 (NA) (NA) (NA) (NA)
Primary metals........................................... 1.72 1.61 1.1.40 2.08 2.33 2.13 2.07
Fabricated metals...................................... .. 2.32 2.39 2.16 1.89 4.31 4.52 4.34 3.63
Machinery, except electrical............................. 2.91 2.78 2.71 2.56 3.87 3.82 3.84 3.37
Electrical machinery..................................... 2.91 2.89 2.74 2.31 4.02 4.05 3.96 3.70
Transportation equipment................................. 2.71 2.67 2.08 2.12 7.52 7.58 6,65 6.25
Instruments and related products........................ 3.10 3.19 2.88 2.70 (NA) (NA) (NA) (NA)
Nondurable goods industries, total......................... 1.35 1.35 1.24 1.15 0.45 0.45 0.44 0.57
Food and kindred products................................ 0.88 0.92 0.86 0.83 (X) (X) (X) (X)
Tobacco products........................................... 4.99 4.80 4.92 4.41 (X) (X) (X) (X)
Textile mill products.................................... 2.13 2.05 1.90 1.69 (NA) (NA) (NA) (NA)
Paper and allied products................................ 1.53 1.44 1.32 1.11 (NA) (NA) (NA) (NA)
Chemicals and allied products............................ 1.61 1.54 1.43 1.19 (X) (X) (X) (X)
Petroleum and coal products.............................. 0.85 0.80 0.75 0.73 (X) (X) (X) (X)
Rubber and plastics products, n.e.c...................... 1.71 1.72 1,58 1.48 (X) (X) (X) (X)


(NA) Not available.


PPreliminary.


'Excludes the following industries with


rRevised. (X
no unfilled order:


Not applicable.
Wooden containers;


glass containers;


metal


cans. barrels


and drums;


vehicle assembly operations; foods and related products
rubber and plastics products, n.e.c.


; tobacco; apparel and related products; chemicals; petroleum and coal products; and


motor







Appendix


The following is a description of the survey and


definitions usi
the meaning
represent any


EXPLANATION OF TERMS


These are provided to clarify


of the items


involved and do not


revisions from those definitions


previously employed.

DESCRIPTION OF THE SURVEY


The Manufacturers


Shipments,


Inventories,


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


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


reported


ASM


which


receivable net selling values,


are received


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


lishments.


the ASM,


each


manufacturing


establishment provides data on employment, pay-


rolls,


shipments,


penditures, an
selected items.
information or


cost of materials,


inventories


as wel


capital ex-
l 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


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


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


- C 0~~ -r


dustry cat
industries,


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


Reporting
operations


typically


comprises


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


companies in each industry.


all manufacturing,


durable goods and nondurable


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

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


and allowances.


Companies which file divisional


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


net sales


to outside customers.


Although this


te




UNIVERSITY OF FLORIDA
SlII IIIll 1211 1 8111 1 6111 Jlll lii I
8 3 1262 08589 4169


definition of shipments in the monthly reports
differs from that used in the annualestablishment


reports,
changes


it is assumed that the month-to-month


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.


respondents


In the ASM,


are asked to report inventories of


individual establishments at approximate current
cost if feasible; otherwise, "atbookvalues." Since
different methods of inventory valuation are used
(I IFO, FIFO, etc.), the definition oftheaggregate
inventories for establishments in an industry is


not precise.


ventories


The figures on the change in in-


from


one period


to the next are of


greater significance than the actual aggregates.


Inventories


cation:


inventories.


are reported


by stage of fabri-


finished goods; (b) work in process;


materials, st
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 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


specific
cluded.


lly


authorized


to be expended- are in-


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


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


directly in the tabulated totals.


derived


New orders are


from the shipments plus net change in


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


successive


stages


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


unfilled orders for each industry category. This
procedure is followed for seasonallyadjusteddata
as well as for the unadjusted data. Shipments and
unfilled orders are seasonally adjusted independ-
ently. Seasonally adjusted new orders arederived
from seasonally adjusted shipments and sea-
sonally adjusted unfilled orders.