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:
June 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:
AA00008477:00086

Related Items

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

Full Text
CURRENT


INDUSTRIAL


Manufacturers'
Inventories,


REPORTS


Shipments,


and


Orders


June


1975


SERIES: M3-1(75)-6


Dale W. Gordon
763-2502


For Release: July 31


1975


SUMMARY

Total inventories declined in June for the fourth


cqspcutive month, dropping 0.6 percent or
nmilin to $148,051 million and represents the sm
d4iinsince March. New orders in June for
fatruod products increased 1.7 percent or $
3|bt(fiter seasonal adjustment. Shipments incr
44ercent or $1,101 million to $80,281 milli
t~44tbough new orders rose in June, they
tp lag behind shipments so that unfilled
at te end of June decreased 0.4 percent or
nlBi4. The inventories to shipments ratio decr
td.gt88to 1.84.


$900
allest
nanu-
1,317
:eased
on in


con-


orders
$449
eased


For the 3 months ending in June new orders
registered an average monthly increase of 2.7 percent
cgjpared with a 1.1 percent decrease for the 3 months
ending in March and a 4.2 percent decrease for the 3
monthsending in December.


NEW ORDERS


UNFILLED ORDERS

Unfilled orders of durable goods decreased 0.6
percent or $651 million to $116,825 million at the end


of June,


which


represents


the smallest


decline in


unfilled orders of durable goods since September of
1974. In June, industries recording decreases in un-
filled orders were the nonelectrical machinery indus-


tries ($381


million),


million) and fabri
lion). These


increase


lion).



In


the end


level, matepri
work in proof


the aerospace industries ($241
E metals industries ($197 mil-
gg -,artially offset by an
k dustries ($251 mil-


ased $592 million
8 million between


St/ce all manufacturing
Ercreased $823 million,
102 million and finished


&ew orders for durable goods increased 0.4 percent
*-*: ^


dr $138


indusrie
s$s, ea
$95 mill


million


to $39,323


million.


Among


goods industries, the largest increase was
n the shipbuilding and railroad equipment
s, ($225 million). Among the supplementary
pital goods industries decreased 0.8 percent or
ion with the nondefense industries decreasing


2 5 percent or $257 million and the defense industries
increasing 9.8 percent or $162 million.


SHIPMENTS


Shipments


of durable


goods


remained


virtually


goods decreased $179 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 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 July
is scheduled for release on August 21, 1975 and the
full report is scheduled for release on September 2,
1975.


unchanged at $39,976 million. Shipments of nondur-
able goods increased 2.7 percent or $1,065 million, led
byincreases in chemicals ($320 million), food products
($243 million) and the petroleum industry ($199
million).


This report contains


data on an unadjusted and


seasonally adjusted basis. However, the data are not
adjusted for price changes. For an explanation of terms
used in this report see appendix following table 5.


-^/It


~4t~









OF MANUFACTURERS'


(Millions


of dollars)


Industry


group


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


Total,


excluding


...............


Durable g

Stone, c

Primary


goods industries,


indus-


trans-


total.


lay, and glass products.


metals,


t


Blast furnaces,
Nonferrous meta


All other primary


Fabricated


:otal.........
steel mills.
lis...........


metals....


metal products


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


Machinery,


Engines


except


electrical


and turbines........


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


Metalworking


General indus
Electrical mach
Electrical tr
distribution
industrial a
Household app


machinery......
trial machine
inery, tot. a
ansmissi
equip
ppara ..
lian / ...


Radio and TV.....I
Communication eqf

Transportationequip
Motor vehicles ant


Aircraft, mi
parts......
Shipbuilding


ssiles, and
and ralro...........a
and railroaS


equipment.........


Instruments
products,


..,... k


and related


total


Scientific and
All other inst
related produ


All other durable
industries.......


Nondurable


........... ^..T
engineering..
ruments and
cts...........


goods


goods industries,


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

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


Tobacco
Textile


products,


products.....
mill products


Paper and allied


Pulp, paper,


products,


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


Paperboard containers......


All othe

Chemicals


Industrial


Drugs,

Petroleum
Rubber an'


soap,


r paper containers..

and allied products,


chemcials,


except


and toiletries.


and coal products...


d plastics


products,


ft II nthnr nnn.I'irohla nnade I


Shipments


Total inventories


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


4.899


1.608


4,214


40,305


13,678
3,152


79,180


5.033


1,612
540
o960
, 14


5.064


5.113


1' 089
f*


607


675


4,136


39,482


6,637


85,393

75,349


2,182

630


1,494
802

692


4,463


41,803


14,058
3,174
1,158

629
2.909


80,273


39,012


86,527


7.158


148,051

126,569

98,786

3.694


1,985


8,264


49.265


10.843


148,951

127,615

99,378


3.728


10.888


150,184

128,849

99,803

3,7738

13,770
7,234
4,764
1,772


10.931


148,147

127,116

98,896

3,756

14,129
7,628


10.852


4,082


128,857

100,276

3,849


10.932


133,794

115,091

87,556

3,264

10,109
4,605
3,992
1,512


10,097

991


8.483


GROUP


I


a













OF MANUFACTURERS'


(Millions


of dollars)


Industry


group


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


Total,


Durable g

Primary


excluding


portation.......

oods industries,


indus-


trans-

.total....
total.


metals,


Blast furnaces


Nonferrous

Fabricated m

Machinery, e


Engines


total.........

. steel mills.


metals.....,...,.

etal products....


except


electrical,


and turbines........


mining,


Construction,


material handling equipment.


Metalworking


machinery.a,..-


General industrial machinery.


Electrical ma

Electrical
distribute
industrial
Household a


Lchinery,


total...


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


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


Communication

Transportation


Aircraft,


Sequipment.....

equipment,


missiles,


parts...**.......*...C...*C


Shipbuilding


and railroad


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


All other durable
industries......


Nondurable


Industries
orders...
Industries


goods


goods


industries


with unfilled
....m e,...,,.


without


orders......

- Represents


unfilled


New orders


Unfilled


orders


Without seasonal Without seasonal
Seasonally adjusted adjustment Seasonally adjusted adjU1tment
adj ustment' adj ustment'


79,827


4,702


7,001

478

1,442
457
845

5,092



830
785
384
1,420


8,779


1,841

654


7,837


40,504


9,324

31,180


~Preliminary.


4,844


7,117

528

1,526
447
823

5,183



913
763
496
1,384


8,526


1,974

429


7,652


39,325


9,010

30.315


78,368


7,746


39,116


8,897

30,219


88,834

78,818

49,061

8.916


88.668


121,396

88,901

117,476

11,960

6,451
2,749

18,523


27,169

6,872


89.307


11,807

6,244
2,664

18,712


27,381

6,879

6,800
2,174
3,457

19,577



6,070
115
394
7,090


32,759


20,755

8,482


7,995


3,835


3,835


119,689

88,165

115,507

11,847

6,632
2,641

18,374


26,820


6,827


18,765



5,749
130
376
6,919


31,524


20,008

8,238


8,177


4,182


4,182


89,394

117,397

12,416

6,845
2,774

18,590


27,328

6,900


129,656

98,374

124,536

16,767

10,146
3,636

18,446


26,885

6,531


22,115



6,533
129
608
6,961


31,282


17,959

8,110


9,041


5,120


5,120


Revised.


1Adjusted for trading-day and calendar-month












Table 2.--VALUE


OF MANUFACTURERS


SHIPMENTS,.


INV~CWRI ~,


(Millions


AND ORDERS,
of dollars)


FOR MARKET


CATFS0RIF~ AMI


SUPPLflAENTARY


SERIES


Without seasonal Without seasonal
Seasonally adjusted adjustment Seasonally adjusteddjusment
adjustment1 dus adjustment
Industry group
June May Apr. June May June, June May Apr. June May June
1975P 1975r 1975 1975p 1975r 1974 1975p 1975j 1975 19751 1975r 1974

Shipments Total inventories

All manufacturing industries, total.. 80,281 79,180 80,101 85,393 80,273 86,527 148,051 148,951 150,184 148,147 150,109 133,794

Durable goods industries, total............ 39,976 39,940 40,619 43,590 41,261 46,661 98,786 99,378 99,803 98,896 100,276 87,556
Nondurable goods industries, total......... 40,305 39,240 39,482 41,803 39,012 39,866 49,265 49,573 50,381 49,251 49,833 46,238

Industry groups arranged by market
categories:
Home goods and apparel................... 7,252 7,128 7,075 7,573 6,606 7,852 12,623 12,805 13,071 13,125 13,401 14,479
Consumer staples......................... 16,834 16,300 16,717 17,239 15,980 15,264 18,666 18,969 19,232 18,358 18,794 16,833
Equipment and defense products, except
automotive.............................. 11,164 11,145 11,349 12,101 11,358 11,838 38,913 39,200 39,369 38,965 39,520 34,298
Automotive equipment.................... 6,940 6,786 6,813 7,948 7,440 7,960 7,959 7,821 7,934 7,559 7,760 7,303
Construction materials, supplies, and
intermediate products................... 5,970 6,104 5,972 6,565 6,329 7,186 12,816 12,890 12,915 12,938 13,061 11,788
Other materials and supplies and
intermediate products.................. 32,121 31,717 32,175 33,967 32,560 36,427 57,074 57,266 57,663 57,202 57,573 49,093

Supplementary series:-
Household durable goods industries....... 3,256 3,228 3,169 3,436 3,085 3,460 6,524 6,684 6,807 6,698 6,936 7,017
Capital goods industries................. 12,457 12,372 12,698 13,440 12,573 13,616 43,528 43,774 43,945 43,610 44,118 38,655
Nondefense............................ 10,872 10,704 10,956 11,767 10,915 11,935 36,145 36,664 36,967 36.244 37,002 32,466
Defense................................ 1,585 1,668 1,742 1,673 1,658 1,681 7,383 7,110 6,978 7,366 7,116 6,189

New orders Unfilled orders


All manufacturing industries, total.. 79,827 78,510 78,368 83,662 77,916 88,834 120,947'121,396 L22,066 119,689 L21,411 129,656

Durable goods industries, total............ 39,323 39,185 38,751 41,703 38,800 49,061 116,825 117,476 118,231 115,507 117,397 124,536
Nondurable goods industries, total......... 40,504 39,325 39,617 41,959 39,116 39,773 4,122 3,920 3,835 4,182 4,014 5,120

Industry groups arranged by market
categories:
Home goods and apparel................... 7,299 7,129 7,148 7,646 6,643 7,856 2125 2175 2107 2962
2 173 2,120 2 125 2,175 2,107 2,962
Consumer staples......................... 16,840 16,293 16,716 17,233 15,971 15,258
Equipment and defense products, except
automotive.............................. 10,691 10,910 10,967 11,466 10,382 12,612 61,952
Automotive equipment..................... 6,930 6,745 6,698 7,791 7,322 8,077 62432 62711 60,981 61776 61603
Construction materials, supplies, and
intermediate products................... 5,818 5,894 5,664 6,439 6,057 7,724 16,584 16,736 16,947 16,721 16,848 16,841
Other materials and supplies and
intermediate products .................. 32,249 31,539 31,175 33,087 31,541 37,307 40,238 40,108 40,283 39,812 40,680 48,250

Supplementary series:2
Household durable goods industries....... 3,284 3,218 3,228 3,493 3,093 3,476 1,573 1,546 1,554 1,568 1,510 2,320
Capital goods industries................. 11,866 11,961 11,948 12,554 11,306 14,454 70,589 71,179 71,592 69,678 70,566 68,685
Nondefense............................. 10,045 10,302 10,309 10,834 10,184 12,789 45,479 46,304 46,709 45,448 46,384 47,215
Defense................................ 1,821 1,659 1,639 1,720 1,122 1,665 25,110 24,875 24,883 24,230 24,182 21,470


-During 1968
gate figures on


manufacturers in ordnance,


shipments,


included in the defense series.


communications. aircraft


orders, and total inventories of work performed for


PPreliminary.


rRevised.


'Shipments


and aircraft parts, and shipbuilding industries


the Department


of Defense.


The results


began to


provide


aggre-


of these reports are


and new orders adjusted for trading-day and calendar-month


variations; unfilled orders and inventories as of end of month.
categories as follows:


supplementary series are regroupings of


the separate industry


Household durable goods industries Household
appliances; ophthalmic goods, watches, and c


furniture;


locks ;


kitchen articles and pottery:


and miscellaneous personal


cutlery,


handtools


and hardware;


household


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
equipment, communication equipment, aircraft and aircraft parts, and ordnance.
Defense products Based on separate reports on defense work filed by large defe
communications, aircraft and aircraft parts, and shipbuilding. The data are c


portions of


shipbuilding and


repairing and railroad


nse contractors in the following industries: ordnan
comparable to those published annually in the MA-175,


Ce


of Defense-Oriented Industries, for the specified industries.













Table 3 .--MANUFACTURERS'


(Based


on seasonal


ly adjusted


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

3 months 12 months
Item and industry group May- Apr.- Mar.-___ ___________
June May Apr. Average Average
1975 1975 1975 Mar.- Dec. 1974- Sept.- June 1974- rise decline
June 1975 Mar. 1975 Dec. 1974 June 1975


Shipments:
All manufacturing industries......... +1.4 -1.1 +4.0 +1.4 -1.0 -2.5 -0.3 +1.5 -1.4

Durable goods industries, total........ +0.1 -1.7 +5.1 +1.2 -1.6 -3.3 -0.5 +1.9 -2.0
Nondurable goods industries, total..... +2.7 -0.6 +2.9 +1.7 -0.5 -1.6 +0.5 +1.3 -1.0

Total inventories:
All manufacturing industries......... -0.6 -0.8 -0.7 -0.7 +0.2 +1.7 +0.9 +0.8 -0.1

New orders:
All manufacturing industries......... +1.7 +0.2 +6.1 +2.7 -1.1 -4.2 -0.5 +1.9 -1.8
Durable goods industries, total........ +0.4 +1.1 +9.2 +3.6 -2.0 -6.5 -1.3 +2.5 -2.7
Nondurable goods industries, total..... +3.0 -0.7 +3.2 +1.8 -0.2 -1.7 +0.5 +1.3 -1.1

Unfilled orders:
Durable goods industries, total....... -0.6 -0.6 -1.6 -0.9 -2.6 -1.4 -0.6 +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 ajsenSeasonally adjusted
adjustment adjustment
Industry group
June May Apr. June May June June May Apr. June May June
1975p 1975r 1975 1975p 1975r 1974 1975u 1975r 1975 1975 1975r 1974

Total Materials and supplies

All manufacturing industries, total.. 148,051 148,951 150,184 148,147 150,109 133,794 51,770 52,593 53,472 51,451 52,210 46,801
Durable goods industries, total............ 98,786 99,378 99,803 98,896 100,276 87,556 32,623 33,090 33,738 32,454 32,780 28,389
Stone, clay, and glass products......... 3,694 3,728 3,773 3,756 3,849 3,264 1,425 1,438 1,451 1,425 1,440 1,215
Primary metals........................... 14,282 14,114 13,770 14,129 14,070 10,109 6,448 6,411 6,357 6,313 6,175 4,401
Machinery (electrical and nonelectrical). 35,710 36,149 36,566 35,979 36,672 32,872 10,923 11,125 11,323 10,991 11,176 9,883
Transportation equipment................ 21,482 21,336 21,335 21,031 21,252 18,703 4,785 4,636 4,714 4,576 4,601 3,879
All other durable goods industries....... 23,619 24,051 24,359 24,001 24,433 22,608 9,042 9,480 9,893 9,149 9,388 9,011
Nondurable goods industries, total......... 49,265 49,573 50,381 49,251 49,833 46,238 19,147 19,503 19,734 18,997 19,430 18,412
Chemicals and allied products............ 10,843 10,888 10,931 10,852 10,932 8,483 4,374 4,438 4,448 4,364 4,418 3,620
Petroleum and coal products.............. 4,141 4,066 4,157 4,082 4,022 3,657 1,082 1,098 1,088 1,093 1,098 904
Rubber and plastics products, n.e.c...... 3,050 3,055 3,069 3,043 3,068 2,933 1,039 1,058 1,073 1,039 1,047 1,164
All other nondurable goods industries.... 31,231 31,564 32,224 31,274 31,811 31,165 12,652 12,909 13,125 12,501 12,867 12,724

Work in process Finished goods

All manufacturing industries, total.. 49,447 49,345 49,420 49,260 49,665 46,041 46,834 47,013 47,292 47,436 48,234 40,952
Durable goods industries, total............ 41,954 42,022 41,939 41,713 42,249 38,670 24,209 24,266 24,126 24,729 25,247 20,497
Stone, clay, and glass products.......... 498 513 497 510 535 416 1,771 1,777 1,825 1,821 1,874 1,633
Primary metals........................... 4,458 4,410 4,206 4,409 4,452 3,534 3,376 3,293 3,207 3,407 3,443 2,174
Machinery (electrical and nonelectrical). 15,240 15,349 15,556 15,178 15,470 14,917 9,583 9,675 9,687 9,810 10,026 8,072
Transportation equipment................. 14,795 14,753 14,697 14,562 14,699 13,277 1,902 1,947 1,924 1,893 1,952 1,547
All other durable goods industries....... 6,999 6,997 6,983 7,054 7,093 6,526 7,577 7,574 7,483 7,798 7,952 7,071
Nondurable goods industries, total......... 7,493 7,323 7,481 7,547 7,416 7,371 22,625 22,747 23,166 22,707 22,987 20,455
Chemicals and allied products............ 1,805 1,754 1,752 1,816 1,774 1,359 4,664 4,696 4,731 4,672 4,740 3,504
Petroleum and coal products.............. 1,009 982 1,068 1,027 993 1,070 2,050 1,986 2,001 1,962 1,931 1,683
Rubber and plastics products, n.e.c...... 503 506 515 500 502 457 1,508 1,491 1,481 1,504 1,519 1,312
All other nondurable goods industries.... 4,176 4,081 4,146 4,204 4,147 4,485 14,403 14,574 14,953 14,569 14,797 13,956


PPreliminary.
rRevised.


data)












INVENTORIES TO SHIPMENTS AND UNFILLED ORDERS TO SHIPMENTS, BY INDUSTRY


(Based


on seasonally


adjusted


Unfilled orders shipments ratiot
Inventories shipments ratio
(months' backlog)
Industry group
June May Apr. June June May Apr. June
1975p 1975r 1975 >1974 1975 1975r 1975 1974


All manufacturing industries, total.................. 1.84 1.88 1.87 1.65 2.72 2.82 2.73 2.76
Durable goods industries, total............................ 2.47 2.49 2.46 2.04 3.31 3.44 3.29 3.30
Stone, clay, and glass products.......................... 1.73 1.74 1.73 1.46 (NA) (NA) (NA) (NA)
Primary metals........................................... 2.52 2.47 2.31 1.33 2.16 2.09 1.98 2.26
Fabricated metals........................................ 2.33 2.32 2.32 1.95 4.23 4.15 4.13 4.08
Machinery, except electrical............................. 2.99 3.05 3.01 2.60 3.63 3.71 3.66 3.69
Electrical machinery....................................- 2.57 2.56 2.59 2.40 3.62 3.57 3.59 3.95
Transportation equipment................................. 2.39 2.43 2.40 2.13 6.29 e.58 6.49 6.12
Instruments and related products........................ 2.83 2.94 2.89 2.94 (NA) (NA) (NA) (NA)
Nondurable goods industries, total......................... 1.22 1.26 1.28 1.20 0.45 0.44 0.44 0.54
Food and kindred products................................ 0.79 0.82 0.83 0.91 (X) (X) (X) (X)
Tobacco products......................................... 5.31 5.12 5.02 4.63 (X) (X) (X) (X)
Textile mill products.................................... 1.54 1.63 1.72 1.68 (NA) (NA) (NA) (NA)
Paper and allied products................................ 1.41 1.46 1.50 1.16 (NA) (NA) (1NA) (NA)
Chemicals and allied products............................ 1.56 1.65 1.65 1.26 (X) (X) (X) (X)
Petroleum and coal products.............................. 0.79 0.80 0.83 0.76 (X) (X) (X) (X)
Rubber and plastics products, n.e.c...................... 1.54 1.61 1.62 1.51 (X) (X) (X) (X)


(NA) Not available.


~I'reliminar


rRevised.


'Excludes the following industries with no unfilled


(X)
order:


Not applicable.
Wooden containers;


glass containers;


metal cans,


barrels


and drums: motor


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


data)


GROUP








Appendix


The following is a description of the survey and


definitions used.


These are


provided


to clarify the


meaning of the items involved and do not represent
any revisions from those definitions previously employ-
ed.


DESCRIPTION OF SURVEY


The Manufacturers'


Shipments,


Inventories,


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


based on a sample of approximately 60,000 manu-
facturing 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


17-v .--w-


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

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

The monthly reporting panel consists of approxi-
mately 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


units classified in


effectively


changes


each industry


the month-to-month


Sof the reporting
category represent


movements


of the


establishments in the SIC industries which make up the
category. Thus, the monthly reports are used to update
the ASM estimates by using a link relative of matched
companies in each industry.


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


of shipments


because


of the


long lead


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.


the exception


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.


--w Fw w




UNIVERSITY OF FLORIDA

8 11 112111 llll1 1llllllllllllllllllll11 111111
3 1262 08589 4623


feasible; otherwise, "at book values." Since different
methods of inventory valuation are used (LIFO, FIFO,
etc.), the definition of the aggregate inventories for
establishments in an industry is not precise. The figures
on the change in inventories from one period to the
next are of greater significance than the actual aggre-
gates.


Inventories are reported by stage of fabrication: (a)
finished goods; (b) work in process; and (c) materials,
supplies, fuel, and other inventories. In using in-
ventories by stage of fabrication at the all manu-
facturing and 2-digit industry levels as well as for the
durable and nondurable goods sectors, it should be
noted that a finished product of one industry may be a
raw material for another industry at the next stage of
fabrication. Insofar as the durable and nondurable
goods sectors and also the 2-digit industry groups
contain industries with successive stages of processing,
the same type of commodity may be included under
different inventory categories in the aggregate sta-
tistics.


New Orders Received and Unfilled Orders-Orders
as reported in the monthly survey are net of cancella-
tions 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 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 'ialue 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.