Current industrial reports

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Material Information

Title:
Current industrial reports
Portion of title:
Manufacturers' shipments, inventories, and orders
Physical Description:
v. : ; 28-29 cm.
Language:
English
Creator:
United States -- Bureau of the Census. -- Manufacturers' Shipments, Inventories, and Orders Branch
United States -- Bureau of the Census
Publisher:
U.S. Dept. of Commerce, the Bureau of the Census :
For sale by the Subscriber Services Section (Publications), Bureau of the Census
Place of Publication:
Washington, D.C
Creation Date:
April 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:
AA00008477:00085

Related Items

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

Full Text

NDUS


Manufacturers'
inventories,


CURRENT


April


1975


Dale W. Gordon


763-2502
For Release: Monday, June


10:00


CB75-119
M3-1(75)-4


A.M.


New orders for manufactured products in April increased $4,708 million or 6.4 percent to $78,590 million after


seasonal adjustment,


which represents the largest increase in manufacturing new orders since December


1954.


Shipments increased $3,112-million or 4.0 percent to $80,140 million. Although new orders rose in April, they
continued to lag behind shipments so that the backlog of unfilled orders declined $1,555 million or 1.3 percent to
$122,243 million at the end of April. Total inventories decreased $1,151 million or 0.8 percent to $150,043 million


at the end of April. The inventories to shipments ratio decreased from 1.96 to 1.87
decrease in the inventories to shipments ratio since October 1974.


which represents the first


For the 3 months ending in April the average increase in new orders was 1.7 percent compared with a 4.6 percent
decrease for the 3 months ending in January and a 0.4 percent decrease for the 3 months ending in October.


New orders


for durable goods increased $3,438 million or 9.7 percent to $38,930 million. The increase in new


orders of durable goods was widespread among all industrial sectors with large increases being concentrated in the
electrical machinery industries ($642 million), the motor vehicles and parts industries ($622 million) and the


primary metals industries ($452 million). Among the supplementary series
million and the capital goods industries increased $812 million with the
and the defense sector decreasing $46 million.
Shipments of dur-able goods increased $1,966 million or 5.1 per$4


durable


goods


shipments was generally widespread with the m


fabricated metal products ($416 million) registering the largest i
goods increased S1,146 million or 3.0 percent to $39,531 million.
for by virtually all sectors with the foods industry ($324 million) re
Unfilled orders for durable goods continued to decline in April a
Unfilled orders decreased $1,683 million or 1.4 percent to $118,416
recorded declines in unfilled orders with the largest decreases record
nonelectrical machinery ($465 million).


d durables increased $418
increasing $858 million

)nl I. The increase in
adust52 million) and
. Shi js of nondruable
irably g s was accounted
rea 4
tpace new orders.
april. Most industries
Sals ($561 million) and


Inventories of durable goods decreased $105 million and nondurable goods decreased $1,046 million between the
end of April and March. At the all manufacturing level, materials and supplies decreased $1,240 million, work in
process increased $375 million and finished goods decreased $286 million.

The figures on the durable goods industries in this report supersede those issued earlier in the advance report on
durable goods. The present report is based on more complete reporting, but the estimates are also considered
preliminary. Final figures will appear as historical data in the report to be published for next month. The advance
report on durable goods for March is scheduled for release on June 20, 1975 and the full report is scheduled for
release on July 1, 1975.
This renort cnntaint data on an unadiisted and seasnnsllv ndimted hai Honwever the daat are not adijuted for


>TRIAL REPORTS


Shipments,
and Orders


i










BY INDUSTRY


OF L.ANU FACTURERS'


(Millions


of dollars)


Pulp,


Industry


group


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


Total,


excluding


indus--

tr....ana
traits-


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


Durable


goods-


Stone, clay,


Primary


metals,


industries


total.


and glass products.


t


Blast furnaces,
Nonferrous meta
All other prima

Fabricated metal


otal.........
steel mills.
Is... <......


ry


metals....


products


total.....-e...............
Metal cans, barrels, and
d ims .- -.. .* ***em...


Machinery,


Engines


except


electrical


a~ t~nbbies


Farm machine-y- and equipment.


Construct oyz


dining,


maten-l handling equipment.
Metalwor ,achinery.... -


General


Electrical


zflct4strial


~cnz:ery,


machinery


total...


r-ansmssion


distrtbnzmn
indusr, el a
_ Housebold ap


equipment and
pparatus.......
ianices........


Radio a. 2-^.. .V..... a .
Cor-carcci equipment....

Tr-see p z-isTLc= equipm i^^al
Yr-or a-le5 icsa e.


ml
parts 0 5 -
~n:~&z~.


Instruments art rated
products, T I ...........
Scientific d engineering..
All other i r-m% nts and
related p_ s; ........


All othe
industry

Nondurable


urable


goodes..... t r.S
goods industries^


-A---.


Food and kindred


products,


total...............
Meat products......
Fats and oils......


Tobacco
Textile

Paper a


products.....
mill products


nd allied


m.a.a ..a.* 0
.* ..a.. m
e.g......


a-a... *e S


products,


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


Paperboard
All other

Chemicals an


paper


, etc............
containers.......


paper

d alit


containers,.

."d products,


total...... .. in.. -
Industrial chumcials
pigments..........


Drugs,


soap,


except


and toiletries.


Shipments


Seasonally


80,140

71,195

40,609

2.189


5.106


adjusted


77,028

68.733

38,643

2,000

6,143
3,252
1,813
1,078


4,690

505

.
7,291
563
732

1,591
514
75


5,066


1,045
679
376
1,252

8,295
,5;119

2,184


38.385


6.711


3,903


39,222


13,656
2,702
1,315


6.863


Without


seasonal


adjustment


39.775


7.264


80,184


2.280


7.011


80,823

71,628

42.699


4,948

486


S7,172
519
802

1,407
478
641


5,552


1,093
801
375
1.237


c0

583


4,602


38,124


12,171
2,727
1,085

531
2,806


3,258
1,479
826
953


7,094

2,226
1,577


Total Inventories


Seasonally


150,043

128,715

99,774

3,774

13,735
7,220
4,750
1,765


11,941

1,183


22.440


14.093


21,328
6,328

11,507

2,748


10.941


151,194

130,074

99.879


12,090

1,244


14.347


2.786


4,856
1,783
1,325
1,748


10,887

3,035
3,789


adjusted


151,993

130,801

100,082

3,741

13,015
6,620
4,588
1,807


12,045

1.203


14.758


Without


151,212

129,769

100,700

3,923

13,757
7,177
4,783
1,797


12,058

1,201


22,662
1,980.
2,170


14,247


seasonal


151,930

130.,649

100,482

3,906

A13 A70


1


6,934
4,722
1,816


2,077

1,234


22,592
1 nOfl


21,281
6,366

11t370


2,046


8,672


51,448


11.594


3,797


129,464

110,870

84,911

3.147


955


18,275
1,578
1,598


1,854


-"8,203


44,551


10,962
1,278
859


GROUP


I


J




S a


Table l.--VALUE


OF bLtNwACri REPS'


SHIPMENTS,


INVENTORIES,


AND ORDERS,


BY INDUSTRY


GROUP--Continued


( 111ions


of dollars)


Industry


group


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


TotAl,


excluding


indus-


trans-


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


Durable g

Primary


goods industries


metals,


Blast furnaces


Nonferrous

Fabricated m

' Machinery, e


Engines


total.


total.......

. steel mills.


metals....


metal products....


xcept


electrical,


and turbines.........


Cobstruction,


mining,


material handling equipment.
MetalWorking machinery.. ....
General industrial achblery,



Electrical
distribute
industrial
Household a
Radio and T
Communicate

Trarn-portatio


Aircraft,


tchiner,


total,..


transmission and
on eqipaeut and
Sappa-ra15s5-.......
ppliances.......
V.. .-... ........
on eqa.ipment,..

>n eq --pment.


mis sties,


:i *parts~a.b *... ....... .
Shipbuilding and railroad
equipnent...... ........... .


All other


durable


goods


industries,............. .....


flondtxrshle


goods industries,


^.total. .....,......-........,,

Zn zstries with 'nmtilled
.ofBexs .>; ..........em .........W
Indtftries without unfilled
oiders.................a ....


- Represents
tAdjusted fo


New orders


Unfilled


orders


Seasonally adjusted Without Seasonally adjusted Without seasonal
adjustment2 S adjustaUnt1


5.414


4,812


6,981

455

1,444
473
845

5,304



1,067
728
514
1.268


8,5890


1,769

701


7,830


39,660


8.954

30.706


38,390


8,484

29,906


76,139

68,109

37,023


5.378


4,784


6,805

523

1,283
450
724

4,931



898
693
369
1,400


8,030


2,650

279


7,095


39,116


8,641

30.475


79,585


4,900


7,382

477

1,605
:473
838

5,061



1,053
734
378
1,230


8,973


1,828

548


7,863


39,919


8,991

30.928


4,695


7,439

620

1,700
474
833

4,809



984
740
292
1,162


8,444


1,748

655


7,124


39,431


8,778

30.653


122,243

89,449

118,416

11,818

6.249
2,677

18,720


19,596



6,073
115
394
7,076


32,794


20,783

8,507


8,048


3.827


3,827


123,798

90,645

120,099

12,379

6,574
2,752


19,709



6,096
110
367
7,138


33,153


21,109

8,407


7,940


3,699


3.699


93,197

123,246

13,560

7,481
2.882

19,253


28,438

7,023


20,113



6,245
113
435
7,175


33,742


21,446

8,556


8,140


3,693


3.693


I I I I ________________ I ~


Preliminary.


123,942

91,088

120,040

13,061

7,280
2.857

18,825


rRevised.


126,151

92.839


14,164

8,073
2,964

19,101


28.137


33,312


20,954

8,644


8,043


3,759


3,759


124,875

93,393

119,632

15,696

9,453
3.519

17,165


25,324

* 6,461

5.422
2,334
2-.,642

21,430



6.243
123
561
6,772


31,482


18,493

8,012


8,535


5,243


5.243


and calendar-month








Table 2.--VALUE


OF MANUFACTURERS'


SHIRMENTS,


AND SUPPLEMENTARY


(Millions


ASD ORDERS,
of dollars)


FOR MARKET


CATmORYFS


Industry


All manufacturing


Durable


goods


Nondurable

Industry g


industries


group


industries

, total...


goods industries,


roups


arranged


total. -


total


by market


categories:


Home good
Consumer
Equipment


Is


and apparel ..........


staples,..............
Sand defense products


automotive... .............,.


Automotive equ
Construction m
intermediate
Other material
Intermediate

Supplementary se


iipment............


materials,


supplies


- #-. *
except


. and


products..... ........ ....


s and supplies
products.......


and


~ries :2


Household durable


Capital


goods


goods industries


Nondefense... ......
Defense .............




All manufacturing:


Durable


goods


Nondurable

Industry g


indzstries


goods ndt~stries,


groups


categories:
Home goods
Consumer a
Equipment


arrar-ged


and apparel
adies......
cld defense


idustries ......







istriesj total..

tal........ ....
total....... .


by market


* ..* .. S *. .* ** .
*. .... ... ...*.. a


products,


autoaot_,e. .---....... .. .....


Autorot:ve


........... p -9


Cons truck rin =azar= ials,


inten~ed:ate
Oti~er atert.
inte~ec:a:e


Suppleratary
Hc~zse~'rC~


except
* a a a a


supplies,


pr-ducts......
s and supplies


*.a.P5 St P~bw.
and
* a. a. .. o


senes


*rable


goods .industries......


.&stries...


Nodefe sse. ..-.. ....- .....
Defense-. .-. -.........


.Durirg 1
gate figures
included in
variations:


9568 m manufacturers
on shipments, or


the defense


unfilled


series.


orders


.* ..a ... a
*.V.** U -* I -S U
...........a a a

in ordnance.


Seasonally adjusted


Without


seasonal


adjustment


Shipments


80,140

40,609
39,531



7.130


77,028

38,643
38,385



6,554
16,211


78,875

39,653
39,222



6,5456
16,400

11,363
5,801

5,769

32,996


2,898
12,729


81,786'

42,011
39,775



6,S74
16,303

11,617
7,465

6,158

33,364


3.054


80,823

42,699
38,124



7,202
14,760

10,692
7,337

6,627

34,205


3,160
12,241
10,664
1,577


Season


ally adjus


Without se


adjausten


Total inventories


150,043

99,774
50,269



13,018
19,197

39,294
7,970

12,973

57,591


6,797
43,873
36,912
6.961


151,194

99,879
51,315



13,582
19,538

39,226
7,967

12,996

57,885


7,070
43,713
36,846
6,867


151,993

100,082
51,911



14,085
19,657

39,093
8,178

12,990

57,990


7,318
43,816
37,102
6.714


51,212 I

00D,700*1
50,512



13,282
19,102 1
1
39,636
8,043

13,220

57,929
I

6,928 !
44,213
37,211
7.0021


New orders Unfilled orders


3,248
12,036
10,380
1,656


communications


and total inventories
PPrelininary. rR


and inventories


* 76,139

S37,023
S39,116



6,501
S16,389

S10,504
* 2 5.653

- 5,561

S31,501


S2,842
12,117
9,970
2 2,147

aircraft


and aircraft


of work performed


evised.


as of end of month.


parts,


83,152

44,904
38,248



7,254
14,736

11,584
7,506

7.289


122.243


123,798

120,099
3,699




2,053


63,206


17,255


and shipbuilding


for the Department


ashiP~,CfltS


new orders


supplenentary


series


of Defense
adjusted


.26,939

23,246
3,693




2,143


64,176


17,461

43,159


1,580
73,598


g industries be
e. The results
for trading-day


are regrouping


of the


120,040
3,902




2,080


62,945


17,134

41,782


1,508
71,934
47,195
24,739


gan to


51,930

00,482
51,448



13,523
19,515

39,492
8,148

13,229

58,023


7,020
43,891
37,017
6.874


126,151

122,392
3,759

-.


2,016


S63,615


17,322

43.198


1,462
72,679
47,683
24,996


129,464

84,911'
44,553


124,875


2,870


59,741


15,898

46,366


2,200
66,851
45,360
21,491


provide


of these reports


are


and calendar-month


separate


industry


categories


as Thl1o~s:


Household


durable


appliances;


Capital


goods


goods


ophthalmic
industries


industries


goods,


- Household


watches,


- The capital


furniture;


and clocks;


goods


industries


kitchen


articles


and miscellaneous


series


and pottery;


personal


is comparable


cutlery,


goods.
the previous


handtools,


Producers'


and hardware;


Capital


household


Goods and the


Defense


Products (old s
Nondefense produce
(excluding house
equipment, co=m
Defense products
communications,


eri
ts
eho


es)


categories.


- Machinery,
Id appliances


LunicatiOn


except electric
and electronic


equipment,


- Based on separate


aircraft


and aircra


aircraft
reports o
ft parts,


a


al


(excluding


components)
nd aircraft


n defense


farm machinery and equipment
and the nondefense portions


parts,


work filed


and shipbuilding.


and machine shops),
of shipbuilding and


electrical
repairing


machinery
and railroad


and ordnance.


by large
The data


defense


contractors


are comparable


in the


following


industries:


to those published annually


ordnance,


in the IA-175,


Industries, for the specified industries,


,











Table 3.--MANUFACTURERS'


(Based


on seasonally


adjusted


Item and Industry


Shipments:
All manufacturing


Durable
Nondurab


group


industries...


goods industries, tc
le goods industries,


Total inventories:
All manufacturing
New orders:
All manufacturing


Durable go
Nondurable


;Unfilled
Durable


tal..


total..


industries......


Industries.,.......


ods industries,


goods


orders:
goods


industries,


industries


)tal........
total.....


>tal.........


Month-to-month


-1.4


-2.1


Average


blonthly


3 months


Jan.-
Apr. 1975


-2.1


July-


Oct.


1974


rates of change


12 months


+0.2


+1.3


+0.1


+1.6


+1.2


Average,


+0.8


+1.7


1959-1974


Average
decline


-1,4


-0.1


-1.1


Table 4.--VALUE


OF MANUFACTURERS'


INVENTORI~


, BY STAGE OF FABRICATION,


BY INDUSTRY


(Millions


of dollars)


Without seasonal Without seasonal
Seasonally adjusted Seasonally adjusted
adjustment adjustment
Industry gro-up
Apr. Mar. Feb. Apr. Mar. Apr. Apr. Mar. Feb. Apr." Mar. Apr.
1975P 1975r 1975 1975p 1975r 1974 1975p 1975r 1975 1975p 1975r 1974

Total Materials and supplies


All manufacturi-g tmdustries, total.. 150,043 151,194 151,993 151,212 151,930 129,464 53,245 54,485 54,997 53,061 54,256 44,377
Durable goods ind-s:tes, total............ 99,774 99,879 100,082 100,700 100,482 84,911 33,640 34,304 34,561 33,339 33,883 26,703
Stone, clay, ard glass products.......... 3,774 3,781 3,741 3,923 3,906 3,147 1,455 1,457 1,473 1,462 1,465 1,162
Primary netals........................ 13,735 13,381 13,015 13,757 13,472 9,749 6,323 6,238 6,193 6,059 6,054 3,965
Machinery {electrical and nonelectrical). 36,533 36,747 36,926 36,909 36,929 31,764 11,299 11,553 11,561 11,374 11,538 9,341
Transportation equipment................. 21,328 21,120 21,392 21,443 21,281 18,594 4,701 4,797 4,918 4,708 4,830 3,838
All other durable goods Industries....... 24,404 24,850 25,008 24,668 24,894 21,657 9,862 10,259 10,416 9,736 9,996 8,397
Nondurable goods industries, total......... 50,269 51,315 51,911 50,512 51,448 44,553 19,605 20,181 20,436 19,722 20,373 17,674
Chemicals and allied producrs............ 10,941 10,887 10,875 11,045 11,020 7,908 4,469 4,448 4,523 4,481 4,485 3,308
petroleum and coal products.............. 4,120 4,203 4,210 4,030 4,112 3,239 1,016 1,050 1,108 1,009 1,031 777
Rubber and plastics products, n.e.c...... 3,089 3,173 3,227 3,159 3,240 2,825 1,080 1,143 1,157 1,076 1,126 1,071
All other nondurable goods industries.... 32,119 33,052 33,599 32,278 33,076 30,581 13,040 13,540 13,648 13,156 13,731 12,518

Work in process Finished goods

All manufacturing industries, total.. 49,351 48,976 49,296 49,716 49,393 44,960 47,447 47,733 47,700 48,435 48,281 40,127
Durable goods industries, total............ 41,896 41,513 41,632 42,257 41,921 38,037 24,238 24,062 23,889 25,104 24,678 20,171
Stone, clay, and glass products.......... 492 495 498 532 537 435 1,827 1,829 1,770 1,929 1,904 1,550
Primary metals.......................... 4,200 4,043 3,794 4,300 4,152 3,551 3,212 3,100 3,028 3,398 3,266 2,233
Machinery (electrical and nonelectrical). 15,530 15,523 15,761 15,608 15,598 14,494 9,704 9,671 9,604 9,927 9,793 7,929
Transportation equipment................. 14,691 14,420 14,594 14,776 14,532 13,119 1,936 1,903 1,880 1,959 1,919 1,637
All other durable goods industries....... 6,983 7,032 6,985 7,041 7,102 6,438 7,559 7,559 7,607 7,891 7,796 6,822
Nondurable goods industries, total......... 7,455 7,463 7,664 7,459 7,472 6,923 23,209 23,671 23,811 23,331 23,603 19, 956
Chemicals and allied products........... 1,756 1,698 1,677 1,767 1,715 1,267 4,716 4,741 4,675 4,797 4,820 3,333
Petroleum and coal products.............. 1,084 1,092 1,075 1,070 1,088 880 2,020 2,061 2,027 1,951 1,993 1,582
Rubber and plastics products, n.e.c...... 511 518 543 509 521 428 1,498 1,512 1,527 1,574 1,593 1,326
All other nondurable goods industries.... 4,104 4,155 4,369 4,113 4,148 4,348 14,975 15,357 15,582 15,009 15,197 13,715


9Prellmtnary.


data)


GROUP








Table 5.--RATIO


OF MANUFACTURERS'


INVIafTORIES


(Based


TO SHIPM -%TS

n seasonsally


AND UNFILLED


ORDERS


TO SHIPIIENTS,


BY INDUSTRY


adjusted


Industry


nan,,facturing


Durable

Stone,


group


industries


total.......


goods industries, total....


clay,


and glass products..


a.. .. ,, .


Primary metals..................


Fabricated


Machinery, except


electrical....


Electrical machinery............
Transportation equipment........


Instruments

Nondurable go

Food and ki


*. a. .- a. ............* a* *. P*
4 5 a* a .. C S & P P a
*Ct** S *- *P C* P P P P *


and related products...............


ods industries,


ndred


total


products....


Tobacco products.............


ill products........
allied products....


Chemicals and allied products
Petroleum and coal products..
Rubber and plastics products,


*....*.Pa..P.P....* P. a* .* p *..
..* p5* P.. S P *

n.e.c. .. .- .. .. .. ...S a *a*


Inventories


- shipments


1.34


1.32


ratio


1.17


Unfilled


1975


orders
(month


- shipments ra
s' backlog)


2.68
3.21


Not available.


'Excludes the


~Prelintnary.


rRevisecf.


following industries with no unfilled


vehicle assembly operations;


foods and related


pz~aducts;


(x)
order:


tobacco ;.


Not applicable.
Wood b containers;


apf4yel


and tielated


glass containers;


metal


cans,


barrels


and drums;


products; chemicals; petroleum and coal


products;


rubber and plastics products, n.e.c.


GROUP


Textile m
Paper and


motor









Appendix


e following is a description of the survey and
fnitions used. These are provided to clarify the
r meaning of the items involved and do not represent
any revisions from those definitions previously employ-
ed.

DESCRIPTION OF SURVEY

The. Manufacturers' Shipments, Inventories, and
Orders survey provides monthly figures that are com-
parable to the annual totals published each year in the
Annual Survey of Manufactures (ASM). The ASM is
bag on a sample of approximately 60,000 manu-
factiring establishments drawn from the 5-year census
universe of about 310,000 establishments. In the ASM,
each manufacturing establishment provides data on
employment, payrolls, shipments, cost of materials,
capital expenditures, and inventories as well as other
selected items. The establishments do not provide
information on unfilled orders or new orders. Since the
ASM is establishment based, it provides data for each
of the 425 manufacturing industries in the Standard


Industrial Classificationa
indus groups.


System


(SIC) and area data for


The monthly survey M3-1 does not provide infor-
mation at the complete SIC industry detail because of
th smaller size of the reporting panel and the fact that
most companies cannot provide shipments, inventories,
and orders data monthly for individual establishments.

Theimtonthly reporting panel consists of approxi-
>nately 5,000 reporting units and includes virtually all
companies with 1,000 or more employees and a sample
of the smaller ones. The reporting unit typically
comprises the entire operations of a company although
many of the larger diversified companies file separate
divisional type reports for their operations in different
industries.

Most of the reporting units include mixed industry
activity even within the broad industry categories of
the monthly survey. The survey methodology assumes
that the month-to-month changes of the reporting
units classified in each industry category represent
effectively the month-to-month movements of the
establishments in the SIC industries which make up the
category. Thus, the monthly reports are used to update
the ASM estimates by using a link relative of matched


in the ASM which are received or receivable net selling
values, f.o.b. plant, after discounts and allowances and
excluding freight charges and excise taxes. Included in
shipments are the value of all products sold, transferred
to other plants of the same company, or shipped on
consignment.

Shipments also include receipts of establishments in
the industry for contract work performed for others,
resales, receipts for miscellaneous activities such as the
sale of scrap and refuse; value of installation and repair
work performed by employees of the plant; and value
of research and development performed at the plant. In
the. aircraft industry and shipbuilding, the value of
work done in a given year varies considerably from the
value of shipments because of the long lead time
between the input of the materials and labor and the
shipments of the completed aircraft or ship. In the
annual survey, therefore, the value of work done
during the year is requested rather than the value of
shipments.

The value of shipments figures developed from the
ASM contain duplication at the all manufacturing and
industry group levels since the products of some
industries are used as materials by other industries
within the industry group. With the exception of
motor vehicles, it is not significant at the 4-digit SIC
group level. Since the M3-1 industry categories
typically are groupings of industries, this duplication is
significant for the all manufacturing, durable goods and
nondurable goods categories and the various market
groups. The significance of the duplication within the
specific M3-1 industry groups varies depending on the
4-digit industry composition of these groups. It is most
pronounced in a few highly integrated industry areas
such as primary metals and motor vehicles and parts.
Since most monthly reports are for the entire
company or major divisions rather than establishments,
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 definition of shipments in the monthly
reports differs from that used in the annual establish-
ment reports, it is assumed that the month-to-month
changes in company sales in the industry are represen-
tative of the month-to-month shipments of the estab-
lishments in the industry.






8


UNIVERSITY OF FLORIDA
I iff l IlII lll l ll f 1 1 1 lIII I I I I
3 1262 08589 4615


feasible; otherwise,
methods of inventor
etc.), the definition
establishments in an
on the change in in
next are of greater
gates.


Inventories are rej
finished goods; (b) v


supplies,
ventories
facturing
durable a
noted thai
raw matei
fabrication


goods


sec


contain in
the same
different
tistics.


fue
by


;1, and
stage


"at book values."


Since different


Evaluation are used (LIFO, FIFO,
of the aggregate inventories for
industry is not precise. The figures
entries from one period to the
[gnificance than the actual aggre-


ported by stage of
york in process; an
other inventories
of fabrication at


fabrication: (a)
d (c) materials,
. In using in-
the all manu-


and 2-digit industry levels as well as for the
nd nondurable goods sectors, it should be
t a finished product of one industry may be a
ial for another industry at the next stage of
n. Insofar as the durable and nondurable
tors and also the 2-digit industry groups
dustries with successive stages of processing,
type of commodity may be included under
inventory categories in the aggregate sta-


New Orders Received and Unfilled Orders-Orders
as reported in the monthly survey are net of cancella-
tions during mthe 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 unfilled 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 author-
ized to be expended are included. 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 reporting
period are equal to unfilled orders at the beginning of
the period plus net new orders received less net sales.,

While both new orders and unfilled orders are used
in reviewing individual company reports for consis-
tency, only unfilled orders are estimated 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 independently. Seasonally adjusted new
orders are derived from seasonally adjusted shipments
and seasonally adjusted unfilled orders.