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:
September 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:
AA00008477:00088

Related Items

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

Full Text
,vU(c


CURRENTT


NDUS


Manufacturers'
Inventories,


Sep


TRIAL REPORTS


Shipments,
and Orders


itember 1975


Ihle W. Gordon
7632502
For Wire Transmi
Monday, November


SERIES: M3-1 (75)-9


ssion


00 P.M.


New orders of durable goods industries declined in
Sqjgeber 0.8 percent or $362 million to $42,326
illie; after seasonal adjustment. This decline follows
I consecutive monthly increases in new orders which


iBegin A
treeve b~
d n of
e~pment
glit Mdul
meat imdus
iasbinlery.


was a comparable decline in the backlog of orders for
the steel industry. This decline was the major contrib-
utor to the $1,030 million decline in unfilled orders
reported by durable goods producers in September.


ril. A decline of $507 million in new orders


r steel mills,


orders


received


industries more


along with a


$426 million


by the communications
than offset increases of


fn by the shipbuilding and railroad equip-
stries and $210 million for nonelectrical


Inventories declined by less than $100 million in
September continuing the trend which began in March.
The September decline was considerably less than the
average decline of $902 million reported for the 6 prior
Inqxhs. The total inventories of durable goods indus-
tries decreased $486 million in September while the
e iteries of nondurable goods industries increased
3400 million. The entire increase in the nondurable
d&1Industries was accounted for by a $403 million
i-crease reported for the food industries.


report on durable goods. The pren eort 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


October is scheduled for release on November 21, 1975


and the full


report


is scheduled


for release


Shipments for all manufactured products increased
1. percent or $1,031 million in September. The
b~gest increase was reported by steel mills whose
Sqimmber shipments increased by $648 million from
their August level. Since steel mill product shipments
exceeded new orders received by $673 million, there


December 3,


1975.


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.











BY INDUSTRY GROUP


(Millions


of dollars)


Industry


group


All manufacturing
tries:


indus-


Total, excluding
portation......


Durable g

Stone, c

Primary


oods industries,


total.


:lay, and glass products.


metal


Blast furna
Nonferrous


is, total.........
ces, steel mills.
metals..........


All other primary


Fabricated


Metal


Mcnedrums*,
Machinery,


metals....


metal products


cans, barrels,


except


total......
Engines aDd


electrical


-p *
*mn~


mwa% f aling equipmefl\
M3Pa f. jl'g machinery....
Q N industrial machinery
Elec rieal machinery, total...
le Acal transmission and
distribution equipment and
indu trial apparatus.......
Household appliances........
alio nd .V........ ....*.
olmmuntvation equipment,....

Transport equipment, totV
ldotdr vehtoit sad pa (s^.-.%
Aircraft, missiles, ajd (
parts....,1. -*. *
Shipbuilding and rajfnsif"
equipment.................**.


Instruments
products, t
Scientific
All other
related p


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


All other durable


Nondurable


goods


goods industries,


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

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


Tobacco
Textile

Paper a


Pulp,


products,


* S 4~4tS*4*~ .


products


mill products


nd allied


paper,


products,


* .. a S 0 *
* ~54~St4~


Paperboard containers.......


All othe

Chemicals


r paper containers**.

and allied products,


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


Industrial


Drugs,

Petroleum
Rubber an


soap,


cheacials,


except


and toiletries.


and coal products...


d plastics


nmdrt,~ -


-


Shipments


Total inventories


S Without seasonal Without seasonal
Seasonally adjusted a ust1ent Seasonally adjusted adjustment
adjustment* adjustment1


42,933


14,051
3,222
1,320

558
3,026


3,524
1,599
808
1,117


7.601


85,258

75,221

42,492

2,203


5.890


i*- 1 -- _
524
760
5,368


1,017
795
479
1,285

9,513
6,422

1,994

598


1,412
731

681


4,295


41,675


13,893
3,086
1,162

607
2,884


3,382
1,501
801
1,080


7,232

2,271
2,088

5,477


89.984

79,660

45 ?99

2,412

6,921
3,616
2,160
1,145


5,691


2,021

546


1,595
851

744


4,853


44.685


83,692

74,944

40,798

2,355


88,949

78,750

46,329

2,501

8,251
4,216
2,853
1,182


5,652


146,497

125,131

96,713

3,615

13,790
7,498
4,674
1,618


11,042

791


4.205


146,583

125,467

97,199


2,928
1,098
952
4,201

21,116
5,915

11,807

2,717


-3947


1,988


8,075


49.384


10.821


189


3,121
4,243


4,489
1,731
1,157
1,601


10,683

2,952
3,598

4,144


Sept.
1975p


123,690

95,998

3,498


4,884
1,828
2,023
13,142


2,859
1,054
1,002
4.163

21,430
6,105

11,900

2,738


1,934


8,020


49,122


11,291
1,223
662


4,504
1,767
1,152
1,585


10,545

2,920
3,489

4,246


145,976

124,821

97,017

3,608

13,900
7,606
4,655
1,639


11,259

891


21,155
6,092

11,715

2,689


4,175


etc...











OF MANUFACTURERS'


(Millions


of dollars)


Industry


group


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


Total,


excluding


portation.......


Durable g

Primary


oods industries,


metals,


Blast furnaces,


Nonferrous

Fabricated m

Machinery, e


Engines


total..


indus-


trans-


total.

* S .* S S


steel mills.


metals....


etal products.....


except


electrical,


and turbines........


Construction,


mining,


material handling equipment.


Metalworking


machinery.....


General industrial machinery.


Electrical ma

Electrical
distribute
industrial
Household a


tchinery,


total...


transmission and
on equipment and
- apparatus.......
Lppliances........


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


Communication

Transportation


AixtraIt,


equipment.....

equipment,


missiles,


parts......................


Shipbuilding


and railroad


equipment.... ..o........ .


All other durable


goods


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


Nbndurable


Industries


Industries


goods industries


with unfilled


without


unfilled


New orders


Unfilled


orders


Without seasonal Without seasonal
Seasonally adjusted tUt sesnai Seasonally adjusted adjustment
adjustment1 adjustment1


85,501


42,961


33,155


83,594


89,802


21,157

88,757

16,378

12,106

6,991
2,708


121,945

89.708


12,892

7,664
2,679

18,206


26,485

6.939


121,548

89,034

117,206

12,455

7,182
2,714

18,253


26,855

6,932


120,188

87,566

115,514

10,927

5,991
2,567

18,128


25,964

6,834

6,297
1,823
3,524

19,441



5,751


32,622


20,801

8,613


8,432


4,674


4,674


121,141

88,683

116,635

11,746

6,584
2,652

18,213


26,439

6.932


138,614

103,687

133,935

17,607


22,344



6,910
150
629
7,241


34,927


20,704

8,827


9,113


4,679


4.679


Note: The seasonally


adjusted


data for motor vehicle


assembly


oDerations


shown


very


erratic


movements


during


the model changeover


period.


In order to


minimize


the effects


of these sharp


shifts


and a somewhat


different


monthly


seasonal


pattern


during this


period,


the original


seasonal


factors


trade forecasts
The original se
September, 108.


obtained


for production


asonal
3.


factors


for July through


Sthroug
were:


h


September


September.


1975 have been reallocated


Actual


July, 72.7; August,


data reported
56.6; September


to yield


for September
. 104.0. The


same seasonally


when available will be
se have been reallocate


adjusted results
substituted for
d to: July, 75.6


based on
the estimate,
; August, 77.8;


- Represents


~Preliminary.


1Adjusted for trading-day and calendar-month











Table 2.--VALUE


OF MANUFACTURERS'


SHIPMENTS,


INVENTORIES,


(Millions


AND ORDERS,
of dollars)


~OR MAThKfl~


CATU0RI~


AND SUPPLEMENTARY


SERIES


Without seasonal Without seasonal
Seasonally adjusted a en Seasonally adjustedadjusent
adjustment- adjustment
Industry group
Sept. Aug. July Sept. Aug. Sept. Sept. Aug. July Sept. Aug, Sept,
1975 1975r 1975 1975 1974 1975p 1975r 1975 1975p 1975r 1974

Shipments Total inventories


All manufacturing industries, total.. 86,289 85,258 82,902 89,984 83,692 88,949 146,497 146,583 147,189145,120 145,976 141,638

Durable goods industries, total............ 43,356 42,492 41,227 45,299 40,798 46,329 96,713 97,199 98,189 95,998 97,017 92,512
Nondurable goods industries, total......... 42,933 42,766 41,675 44,685 42,894 42,620 49,784 49,384 49,000 49,122 48,959 49,126

Industry groups arranged by market
categories:
Home goods and apparel................... 7,925 7,623 7,494 8,657 8,307 8,112 12,496 12,421 12,653 12,320 12,473 14,631
Consumer staples......................... 16,987 17,193 17,171 18,077 17,152 17,122 19,051 18,803 18,472 18,868 18,519 18,228
Equipment and defense products, except
automotive.............................. 11,081 11,175 11,064 11,411 10,646 11,307 38,739 38,739 38,844 38,350 38,426 35,870
Automotive equipment..................... 7,944 7,974 7,586 8,446 6,800 8,222 7,553 7,444 7,824 7,610 7,583 8,221
Construction materials, supplies, and
intermediate products................... 6,479 6,311 6,378 6,947 6,685 6,977 12,720 12,776 12,736 12,531 12,753 12,566
Other materials and supplies and
intermediate products.................. 35,873 34,982 33,20S 36,446 34,102 37,209 55,938 56,400 56,660 55,441 56,222 52,122

Supplementary series:2
Household durable goods industries....... 3,565 3,431 3,366 3,925 3,627 3,617 6,280 6,280 6,394 6,210 6,327 7,286
Capital goods industries................. 12,447 12,544 12,315 12,830 11,901 13,033 43,229 43,346 43,439 42,911 43,051 40,379
Nondefense............................ 10,765 10,812 10,748 11,091 10,183 11,337 35,541 35,771 35,984 35,242 35,539 34,018
Defense............................... .1,682 1,732 1,567 1,739 1,718 1,696 7,688 7,575 7,455 7,669 7,512 6,361

New orders Unfilled orders


All manufacturing industries, total.. 85,501 85,649 83,550 89,034 83,594 89,802 21,157 121,945 121,548 20,188 121,141 138,614

Durable goods industries, total........... 42,326 42,688 41,681 44,177 40,485 47,429 116,378 117,408 117,206115,514 116,635 133,935
Nondurable goods industries, total......... 43,175 42,961 41,869 44,857 43,009 42,373 4,779 4,537 4,342 4,674 4,506 4,679

Industry groups arranged by market
categories:
Home goods and apparel................... 7.997 7,648 7,582 8,705 8,329 7,906
Consumer staples......................... 16,998 17,220 17,176 18,095 17,175 17,140 39 31 2480 2415 2
Equipment and defense products, except
automotive...................................... ... 10,965 11,442 10,976 11,305 10,789 12,342 1,3 62,02 61,88 62,084 62,121 67,7
Automotive equipment..................... 8,018 7,845 7,589 8,512 6,690 8,142 '
Construction materials, supplies, and
intermediate products................... 6,233 6,316 6,233 6,796 6,578 7,526 16,198 16,444 16,439 16,284 16,436 18,190
Other materials and supplies and
intermediate products................... 35,290 35,178 33,994 35,621 34,033 36,746 40,579 41,163 40,964 39,340 40,169 49,851

Supplementary series:2
Household durable goods industries....... 3,611 3,466 3,440 3,957 3,684 3,430 1,715 1,670 1,635 1,821 1,788 2,226
Capital goods industries................. 12,251 12,440 12,546 12,638 11,752 13,887 70,597 70,791 70,891 70,747 70,934 75,411
Nondefense............................. 10,262 10,392 10,728 10,359 9,973 11,906 44,605 45,106 45,523 44,500 45,227 51,178
Defense1............................... 1,989 2,048 1,818 2,279 1,779 1,981 25,992 25,685 25,368 26,247 25,707 24,233


-During 1
gate figures
included in
variations;


968 manufacturers


on shipments,


the defense


unfilled


in ordnance,


orders,


series.


orders


communications,


and total inventories
PPreliminary. rR


and inventories


aircraft


and aircraft


of work performed


evised.


'Shipments


as of end of month.


parts,


and shiphuildin


for the Department


and new orders


supplanentary


series


of Defense
adjusted


g industries be]
e. The results
for trading-day


are regroupings


gan to


provide


aggre-


of these reports at
and calendar-month


of the separate


industry


categories


as follows:


Household


appliances;


Capital


goods


Products (
Nondefense p
(excluding
equipment,


Defense


durable


goods


ophthalmic
industries


old series)
products M
household


industries
goods, wa


- Household


tches,


- The capital
categories.


achinery,
appliances


communication


products


communications,


- Based o
aircraft


equipme
n separa
and air


except


furniture;


and clocks;


goods


industries


kitchen


articles


and miscellaneous


series


electrical (excluding


and electronic
nt, aircraft a
te reports on
craft parts, a


components),


nd aircraft
defense wor


and pottery;


personal


is comparable


cutlery,


handtools,


and hardware;


household


goods.


to the previous


farm machinery and equipment
and the nondefense portions


parts,


Producers'


Capital


Goods and the Defense


and machine shops), electrical
of shipbuilding and repairing


machinery
and railroad


and ordnance.


k filed by large


nd shipbuilding.


The data


defense


contractors


are comparable


in the following


to those published


industries:


annually


ordnance,


in the MA-175,


Industries, for the specified industries.












AND LONG TERM PERCENT


(Based


on seasonally


adjusted


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

3 months 12 months
Item and industry group Aug.- July- June- __________ months____12 moths
Sept. Aug. Jul Average Average
Sept.1975 1975 1975July June- Mar.- Dec. 1974- Sept. 1974- rise decline
Sept. 1975 June 1975 Mar. 1975 Sept. 1975


Shipments:
All manufacturing industries......... +1.2 +2.8 +2.7 +2.2 +1.4 -0.9 +0.1 +1.4 -1.4

Durable goods industries, total........ +2.0 +3.1 +1.9 +2.3 +1.2 -1.4 -0.2 +1.6 -2.0
Nondurable goods industries, total..... +0,4 +2.6 +3.5 +2.2 +1.7 -0.5 +0.5 +1.3 -1.0

Total inventories:
All manufacturing industries......... -0.1 -0.4 -0.6 -0.4 -0.7 +0.2 +0.2 +0.8 -0.1
New orders:
All manufacturing industries......... -0.2 +2.5 +4.1 +2.1 +2.6 -1.0 -0.1 +1.8 -2.0
Durable goods industries, total.......- -0.8 +2.4 +4.9 +2.2 +3.4 -1.8 -0.6 +2.5 -2.8
Nondurable goods industries, total..... +0.5 +2.6 +3.4 +2.2 +1.8 -0.2 +0.5 +1.3 -1.1
Unfilled orders:
Durable goods industries, total........ -0.9 +0.2 +0.4 -0.1 -0.9 -2.6 -1.3 +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 aut n Seasonally adjusted uten
adjustment adjustment
Industry group
Sept. Aug. July Sept. Aug. Sept. Sept. Aug. July Sept. Aug. Sept.
1975p9 7575r 1975 1975' 1975 1974 1975p 1975r 1975 1975p 1975r 1974

Total Materials and supplies

All manufacturing industries, total.. 146,497 146,583 147,189 145,120 145,976 141,638 50,581 50,756 51,294 50,515 50,914 51,210
Durable goods industries, total............ 96,713 97,199 98,189 95,998 97,017 92,512 31,452 31,626 32,159 31,791 32,076 31,414
Stone, clay, and glass products.......... 3,615 3,661 3,651 3,498 3,608 3,435 1,332 1,386 1,415 1,335 1,383 1,337
Primary metals........................... 13,790 14,090 14,282 13,624 13,900 10,811 6,243 6.277 6,462 6,383 6,336 5,008
Machinery (electrical and nonelectrical). 34,895 35,219 35,428 34,532 35,051 34,197 10,624 10,683 10,723 10,520 10,724 10,595
Transportation equipment.................. 21,366 21,116 21,481 21,430 21,155 20,253 4,694 4,629 4,789 4,813 4,717 4,669
All other durable goods industries....... 23,047 23,113 23,347 22,914 23,303 23,816 8,559 8,651 8,770 8,740 8,916 9,805
Nondurable goods industries, total......... 49,784 49,384 49,000 49,122 48,959 49,126 19,129 19,130 19,135 18,724 18,838 19,796
Chemicals and allied products............ 10,767 10,821 10,683 10,545 10,739 9,255 4,401 4,455 4,425 4,353 4,439 4,129
Petroleum and coal products.............. 4,205 4,158 4,144 4,246 4,175 3,962 1,050 985 999 1,030 981 981
Rubber and plastics products, n.e.c...... 2,936 2,956 3,022 2,880 2,908 3,080 997 989 1,016 1,005 1,006 1,245
All other nondurable goods industries.... 31,876 31,449 31,151 31,451 31,137 32,829 12,681 12,701 12,695 12,336 12,412 13,441

Work in process Finished goods

All manufacturing industries, total.. 49,028 49,232 49,488 48,832 49,063 48,038 46,888 46,595 46,407 45,773 45,999 42,390
Durable goods industries, total............ 41,376 41,692 42,031 41,204 41,520 40,314 23,885 23,881 23,999 23.003 23,421 20,784
Stone, clay, and glass products.......... 482 507 510 464 501 437 1,801 1,768 1,726 1,699 1,724 1,661
Primary metals........................... 4,287 4,471 4,491 4,170 4,362 3,565 3,260 3,342 3.329 3,071 3,202 2,238
Machinery (electrical and nonelectrical). 14,806 15,080 15,208 14,774 15,043 15,444 9,465 9,456 9,497 9,238 9,284 8,158
Transportation equipment.................. 14,724 14,535 14,756 14,727 14,489 13,986 1,948 1,952 1,936 1,890 1,949 1,598
All other durable goods industries....... 7,077 7,099 7,066 7,069 7,125 6,882 7,411 7,363 7,511 7,105 7,262 7,129
Nondurable goods industries, total......... 7,652 7,540 7,457 7,628 7,543 7,724 23,003 22,714 22,408 22,770 22,578 21,606
Chemicals and allied products............ 1,799 1,769 1,755 1,768 1,751 1,428 4,567 4,597 4,503 4,424 4,549 3,698
Petroleum and coal products.............. 1,094 1,080 1,056 1,105 1,073 1,034 2,061 2,093 2,089 2,111 2,121 1,947
Rubber and plastics products, n.e.c...... 488 494 497 487 495 527 1,451 1,473 1,509 1,388 1,407 1,308
All other nondurable goods industries.... 4,271 4,197 4,149 4,268 4,224 4,735 14,924 14,551 14,307 14,847 14,501 14,653


~PrelIminary.


data)












OF MANUFACTURERS '


(Based


on seasonally adjusted


rt Unfilled orders shipments ratio1
Inventories shipments ratio bclg
(months' backlog)
Industry group
Sept. Aug. July Sept. Sept. Aug. July Sept.
1975 1975r 1975 1974 1975p 1975r 1975 1974


All manufacturing industries, total.................. 1.70 1.72 1.78 1.67 2.54 2.62 2.69 2.88
Durable goods industries, total............................ 2.23 2.29 2.38 2.08 3.08 3.17 3.29 3.46
Stone, clay, and glass products.......................... 1.60 1.66 1.62 1.52 (NA) (NA) (NA) (NA)
Primary metals........................................... 1.95 2.18 2.41 1.30 1.71 1.99 2.10 2.33
Fabricated metals........................................ 2.08 2.10 2.18 2.03 3.84 3.94 3.99 4.33
Machinery, except electrical.............................. 2.93 3.00 3.02 2.75 3.54 3.63 3.69 4.07
Electrical machinery..................................... 2.41 2.44 2.50 2.53 3.49 3.55 3.56 3.90
Transportation equipment................................. 2.17 2.10 2.26 1.99 6.19 5.96 6.66 6.42
Instruments and related products......................... 2.66 2.74 2.78 3.12 (NA) (NA) (MA) (NA)
Nondurable goods industries, total......................... 1.16 1.15 1.18 1.22 0.49 0.47 0.45 0.50
Food and kindred products................................ 0.81 0.78 0.77 0.88 (X) (X) (X) (X)
Tobacco products......................................... 5.58 5.04 5.14 4.84 (X) (X) (X) (X)
Textile mill products.................................... 1.45 1.47 1.47 1.84 (NA) (NA) (NA) (NA)
Paper and allied products................................ 1.30 1.34 1.33 1.25 (NA) (NA) (NA) (NA)
Chemicals and allied products............................ 1.42 1.44 1.48 1.29 (X) (X) (X) () X)
Petroleum and coal products............................. 0.74 0.71 0.76 0.78 (X) (X) CX) (X)
Rubber and plastics products, n.e.c...................... 1.41 1.43 1.46 1.51 (X) (X) (X) (X)


Not available.


iExcludes the


following


PPreliminary.
industries with


rRevised.
no unfilled


(X)
order


Not applicable.
Wooden containers;


glass containers;


metal cans


barrels


and drums;


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


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


motor


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, 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
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
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 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.




UNIVERSITY OF FLORIDA

3 1262 08589 4649


feasible; otherwise, "at book values." Since differeftt
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 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.