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:
October 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:
AA00008477:00089

Related Items

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

Full Text

Manufactur
Inventor


October


1975


Dale W. Gordon SERIES: M3-1(75)-10
763-2502


FOR WIRE TRANSMISSION 2:00,


Wednesday,


December


1975


Manufacturers' inventories declined in October by
less than $100 million after seasonal adjustment, the
Bureau of the Census, Department of Commerce
reported today. The October decline to $146.3 billion
was the smallest decrease since the inventory decline
began in March from the February high of $152.0
billion. Inventories of durable goods declined in
October while inventories of nondurable goods in-
creased for the third consecutive month, primarily
because of large increases reported by the foods ($240
million) and tobacco ($149 million) industries.
Shipments of all manufactured products increased
1.5 percent or $1,333 million in October. Shipments of
durable goods increased $610 million led by the
machinery industries ($516 million) and fabricated
metals industries ($231 million). These increases were
partially offset by decreases in primary metals ($259
million). Shipments of nondurable goods increased
$723 million led by the chemical industries and the
petroleum industry.
The increase in shipments together with the decline
min inventories resulted in a decline in the inventories
to shipments ratio to 1.67.
New orders for durable goods industries increased
0.3 percent or $137 million to $42,364 million after
seasonal adjustment. Increases in orders received by the
primary metals industries ($594 million), the ma-
chinery industries ($548 million) and the fabricated
metals industries ($135 million) more than offset
declines in the transportation equipment industries
($801 million) and the other durable goods industries,
primarily ordnance ($494 million).


New orders for nondefense capital goods increased
by $426 million while the shipments of such capital
goods increased by $410 million. Since the shipments
exceeded new orders received, the order backlog de-
clined by $513 million. This pattern was similar to the
movement for all durable goods where shipments
exceeded new orders received resulting in a decline in
the order backlog of $1,523 million. This decline
continued the patte ed in October 1974
and which was all increases in
July and Augl tober.rders level for
durable goo 14.8 billion is recent below
the Septem 4 high of $135.7 b



S D EDRELEAS S


The figures on ainB- industries in this
report supersede those 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 min the report to be published for next
month. The advance report on durable goods for
November is scheduled for release on December 19,
1975 and the full report is scheduled for release on
December 31, 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.


CURRENT


INDUSTRIAL REPORTS


ers' Shipments,
ies, and Orders










Table 1.--VALUE OF MANUFACTURERS' SHIPMENTS, INVENTORIES,


(Millions


AND ORDERS, BY INDUSTRY GWOUP


of dollars)


Industry


group


All manufacturing indus-
tries:
Total...............


Total,


excluding


tranis-
=,..,..It.


portation,. *


goods industries


total.


.lay, and glass products.


metals,


t


Blast furnaces,
Konferrous meta
All other prima

Fabricated metal


otal....=....
steel mills.
ls...........


metals....


products


total,,.....,.......
Metal cans, barrels,
drums.... ........ .


except


and.....
and


electrical,


and turbines


Farm machinery and equal
Construction, mining
material handling
Metalworking
General indu
Electrical mac
Electrical 5si
distribute o qpmer
industrial atus
Household a inces,
Radio andi T ......
Communica n euipmel
mapjn &Sent
Transportation qumet
Motor vehic >nchpa
Aircraft, mi ml ep
parts. .. .. .
Shipbuilding and
equipment........t %


Instruments
products, t
Scientific
All other
related p


and related
otal..............
and engineering..
instruments and
roducts.... ,.. *


All other durable


goods


goods


industries


total,..*.....**...*....*.

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


products


products..


products,


and allied


total.... ........ .... ****4***
Pulp, paper, etc......*********...
Paperboard containers......-


All other paper


containerss.


Chemicals and allied products,
total.. .............. ........


Industrial chemcials,


except


pigments...,......w.,w...
Drugs, soap, and toiletries.
- .


Shipments


Total inventories


o e s j Without seasonal Withut seasonal
Seasonally adjusted tua Seasonally adjusted adjustment
adjustment1 adjustment


2,534


5,727

593


7,628
542
867

1,666
545
864
5,874


1,100
852
586
1,308

10,807
7,548

2,087

647


1,553
795

758.


4,835


44,988


14,649
3,352
1,196


89,968

79,717


89,892

79,021

47,165


2.581


146,317

125,068


21,249
5,954

11,999

2.593


1,865


8,034


50,123


11,602
a 1,267
893

3,262
4,417


4,576
1,747
1,178
1,651


10,754


146,413

125,056

96,640

3.613


..B .

21,357
5,991

11,915

2.730


146,583

125,467

97,199

3,661

14,090
7,761
4,683
1,646


11,091

858


4,968
1,869
2,073
13,325


2,928
1,098
952
4,201

21,116
5,915

11,807

2,717


3,149
4,314


4,582
1,791
1,146
1,645


10,821

2,964
3,659
_.a S :m


145,447

124,052

95,521

3,451

13.723


1,845


7,889


49,926


11,971
1,264
886


4,528
1,748
1,171
1,609


10.519


145,037

123,616

95,927

3,495


4,884
1,821
2,026
13,158


2,858
1,053
997
4,159

21,421
6,104

11,892

2,738


3,803


4,508
1,768
1,149
1,591


10,561

2,920
3,515
*Hna


144,120

123,565


3,485

11,092


1,670


10,809

953


20,427
1,860
1,694

4,005
1,787


3,139


2,093


50,152


I' ---JIA


I


Durable g

Stone, c

Primary


Machinery,


Engines


Nondurable


Tobacco


Textile mill


Paper


.ry










OF MANUFACTURERS'


(Millions


of dollars)


Industry


group


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


Totals


excluding


indus-


trans-


portation


Durable g

Primary


oods


industries


metals,


Blast furnaces,


Nonferrous

Fabricated m

Machinery, e


total..


total.

S......


steel mills.


metals..........

metal products.....


except


electrical


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


Engines


and turbines........


Construction,


mining,


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


equipment.....

equipment,


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


Aircraft,


Shipbuilding


missiles,


and railroad


eqitipmeiit. 64S ~ ~ .


All other


durable


goods


industries...........*........

Nondurable goods industries,
total....,.....................


Industries


with unfilled


orders... ... ..... .. ....... .


Industries


without


unfilled


orders.......................


New orders


Unfilled


orders


S Without seasonal Without seasonal
Seasonally adjusted adjustment Seasonally adjusted adjustmentt


Sept.


85,453


5.196


7.120

513

1.430
428
880

5,144



1,038
847
441
1,011


9,982


1,885

758


8,520


43,226


10,166

33,060


5,179


6,929

573

1,470
519
666

5,809



1,219
805
498
1,441


9,758


2,016

535


8,104


42,961


9,806

33,155


88,753


5.430


7.351


1,472
476
850

5,545



959
829
574
1.289


10,097


1,671

431


8,663


45,200


10,833

34,367


88,967

78,554

44,039

6,093


7.171

559

1,451
471
825

5,691



1,023
884
568
1,271


10,413


1,786

863


9,049


44,928


10,449

34.479


87,914

77,684

45,418

7.918


5,639


7,980

620

1,679
542
852

5,301



1,053
752
531
1,232


10,230


2,119

278


8,350


42,496


9,837

32,659


119,773

87,926

114,833

12,145

7,150
2,694

17,892


25,885

6,817

6,113
1,714
3,629

18,881



5,612
116
422
n*j


Sept.


121,113

88,717

116,356

12,092

6,999
2,705

18,097


26,209

6.853


121 ,945

89,708

117,408

12,892

7,664
2,679

18,206


26,485


6,939


19,422


118,511

86,599

113,648

10,948

6,142
2,554

17.861


25,672

6.806


120,143

87,523

115,492

10,913

5,998
2,564

18,158


25,954

6.838


19,432



5,754
141
460
7,382


32,620


20,801

8,613


8,415


4,651


4,651


136,636

102,349

132,191

17,058

10,211
3,376

20,241


29,928

7.038


21,842



6,809
133
599
7,207


34,287


20,743

8,599


8,835


4,445


4,445


- Represents


9Preliminary.


Revised.


'Adjusted for trading-day and calendar-month








Table 2.--VALUE OF MANUFACTURERS' SHIPMENTS, INVENTORIES,
(Millions


AND ORDERS, FOR MARKET CATEGORIES AND SUPPLLENTARY SERIES
of dollars)


Without seasonal w rinou ':or.,ei
Seasonally adjusted Wihutsteasn Seasonally adjusted i.C ie
adjustment1 ieajtr 'n
Industry group ---
Oct Sept. Aug. Oct. Sept. Oct. Oct. Sept. Aug. xct Sept. Oct.
1975 1975r 1975 1975p 1975r 1974 1975p 1975r 1975 1975 1975r 1974

Shipments Total inventrr==

All manufacturing industries, total.. 87,621 86,288 85,258 90,378 89,968 89,892 146,317 146,413 146,583 14s,417 14,.037 144,120

Durable goods industries, total............ 43,890 43,280 42,492 45,390 45,185 47,165 96,194 96,640 97,199 9,.321 95,927 93,968
Nondurable goods industries, total......... 43,731 43,008 42,766 44,988 44,783 42,727 50,123 49,773 49.384 49,926 49.110 50.152

Industry groups arranged by market
categories:
Home goods and apparel................... 8,085 7,883 7,623 8,782 8,608 8,249 12,531 12,456 12,421 12.167 12,280 14,523
Consumer staples....................... 17,310 17,067 17,193 18,092 18,169 17,374 19,361 19,010 18,803 19,568 18,828 18,826
Equipment and defense products, except
automotive.............................. 11,737 11,109 11,175 11,676 11,444 11,400 38,500 38,723 38,739 38,275 38,338 36,703
Automotive equipment..................... 7,641 7,933 7,974 8,776 8,403 9,006 7,510 7,556 7,444 7, 22 7.613 8,253
Construction materials, supplies, and
intermediate products................... 6,719 6,492 6,311 7,025 6,962 6,981 12,565 12,721 12,776 12,333 12.531 12,524
Other materials and supplies and
intermediate products................... 36,129 35,804 34,982 36,027 36,382 36,882 55,850 55,947 56,400 55,562 5,447 53,291

Supplementary series:2
Household durable goods industries....... 3,599 3,526 3,431 3,876 3,879 3,606 6,305 6,247 6,280 6,162 6,176 7,345
Capital goods industries................ 13,005 12,409 12,544 12,878 12,791 12,841 43,056 43,232 43,346 42.960 I?,921 41,274
Nondefense............................ 11,154 10,744 10,812 11,049 11,068 11,196 35,275 35,545 35,771 35,128 3L,253 34,775
Defenses............................... 1,851 1,665 1,732 1,829 1,723 1,645 7,781 7,687 7,575 7,832 7.668 6,499

New orders Unfilled Orders


All manufacturing industries, total.. 86,278 85,453 85,649 88,753 88,967 87,914 119,773 121,113 121,945 118,511 120,143 136,636
I
Durable goods industries, total............ 42,364 42,227 42,688 43,553 44,039 45,418 114,833 116,356 117,408 113,648 115,192 132,191
Nondurable goods industries, total......... 43,914 43,226 42,961 45,200 44,928 42,496 4,940 4,757 4,537 4,863 4.651 4,445

Industry groups arranged by market
categories:
Home goods and apparel.................. 8,068 7,934 7,648 8,687 8,635 8,099
Consumer staples......................... 17,298 17,078 17,220 18,101 18,187 17,388 3 2,8 2'1 ',7 ,6 ,6
Equipment and defense products, except
automotive........................... 10,889 10,961 11,442 10,809 11,303 11,323
Automotive equipment.,.................. 7,526 8,004 7,845 8,698 8,466 8,554 0,983 61,94 62,02 1,0 6,4 67216
Construction materials, supplies, and
intermediate products.................. 6,488 6,309 6,316 6,726 6,874 6,853 16,030 16,262 16,444 16,048 16,348 18.061
Other materials and supplies and
intermediate products................... 36,009 35,167 35,178 35,732 35,502 35,697 40,409 40,524 41,163 38,992 39,286 48,663

Supplementary series:2
Household durable goods industries....... 3,603 3,555 3,466 3,808 3,895 3,470 1,703 1,701 1,670 1,735 1,804 2,091
Capital goods industries................ 11,824 12,205 12,440 11,734 12,590 12,684 69,409 70,589 70,791 69,587 70,737 75,256
Nondefense.......................,... .10,640 10,214 10,392 10,438 10,309 11,197 44,065 44,578 45,106 43,83 44,471 51,181
Defense ............................... 1,184 1,991 2,048 1,296 2,281 1,487 25,344 26,011 25,685 25,734 26,256 24,075


*During 1968
gate figures on
included in the


manufacturers in ordnance, c
shipments, orders, and total
defense series. PPrelimi


communications, a
inventories of
nary. rRevis


aircraft and aircra
work performed for
ed. tShipments


hipbuilding i
: of Defense.,
adjusted for


industries be
The results
trading-day


ae aggre-
.ports are
ar-month


variations; unfilled orders and
categories as follows:


inventories as of


end of month.


"The supplementary


are regroupings of the


S.~pArate indu.srr~


Household durable goods industries Household furniture; kitchen articles and pottery; eutitlery, handtools, and hbrn-arec
appliances; ophthalmic goods, watches, and clocks; and miscellaneous personal goods.
Capital goods industries The capital goods industries series is comparable to the previous Producers' Capital G~.;-32 an
Products (old series) categories.
Nondefense products Machinery, except electrical (excluding farm machinery and equipment and machine shops), electrical
(excluding household appliances and electronic components), and the nondefense portions of shipbuilding and repirin3
equipment, communication equipment, aircraft and aircraft parts, and ordnance.
Defense products Based on separate reports on defense work filed by large defense contractors in the following inrautr
communications, aircraft and aircraft parts, and shipbuilding. The data are comparable to those published annually in
Shipments of Defense-Oriented Industries, for the specified industries.


h'.uchold

o tic D-fnre


ordnance,
RMA-173,









Table 3.--MANUFACTURERS'


(Based


on seasonally


adjusted


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

3 months 12 months
Item and industry group Sept.- Aug.- July- _____3 months Ae12 goAthsv
Oct. Sept. Aug. July- Apr.- Jan.- Oct 14- Average Average
1975 1975 1975 Oct. July Apr. Ot 7 rise decline
__________1975 1975 1975 O*t. 1975

Shipments;
All manufacturing industries......... +1.5 +1.2 +2.8 +1.8 +1.1 +0.5 +0.1 +1.4 -1.4

Durable goods industries, total........ +1.4 +1.9 +3.1 +2.1 +0.3 +0.5 -0,3 +1.6 -2.0
Nondurable goods industries, total..... +1.7 +0.6 .2.6 +1.6 +1.9 +0.5 +0.5 +1.3 -1.0

Total inventories:
All manufacturing industries........ -0.1 -0.1 -0.4 -0.2 -0.7 -0.3 +0.1 +0.8 -0.1
New orders:
All manufacturing industries......... +1.0 -0.2 +2.5 +1.1 +2.1 +1.6 +0.1 +1.8 -2.0
Durable goods industries, total........ +0.3 -1.1 +2.4 +0.5 +2.3 +2.7 -0.3 +2.5 -2.8
Nondurable goods industries, total..... +1.6 +0.6 +2.6 +1.6 +1.9 +0.6 +0.6 +1.3 -1.1
Unfilled orders:
Durable goods industries, total........ -1.3 -0.9 +0.2 -0.7 -0.3 -2.1 -1.3 +1.7 -1.1











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

Without seasonal Without seasonal
Seasonally adjusted au t Seasonally adjusted utmn
adjustment adjustment
Industry group
Oct. Sept. Aug. Oct. Sept. Oct. Oct. Sept. Aug. Oct. Sept. Oct.
1975p 1975r 1975 1975 1975r 1974 1975P 1975r 11975 975 1975r 1974

Total Materials and supplies

All manufacturing industries, total.. 146,317 146,413 146,583145,447 145,037 144,120 50,563 50,573 50,756 50,591 50,512 52,065
Durable goods industries, total............ 96,194 96,640 97,199 95,521 95,927 93,968 31,018 31,370 31,626 31,230 31,713 31,994
Stone, clay, and glass products.......... 3,613 3,613 3,661 3,451 3,495 3,485 1,339 1,340 1,386 1,331 1,342 1,371
Primary metals............................ 13,770 13,789 14,090 13,723 13,622 11,092 6,236 6,244 6,277 6,424 6,383 5,162
Machinery (electrical and nonelectrical). 34,791 34,925 35,219 34,479 34,567 34,862 10,383 10,551 10,683 10,264 10,451 10,921
Transportation equipment................ 21,249 21,357 21,116 21,395 21,421 20,555 4,555 4,696 4,629 4,660 4,814 4,579
All other durable goods industries....... 22,771 22,956 23,113 22,473 22,822 23,974 8,505 8,539 8,651 8,551 8,723 9,961
Nondurable goods industries, total......... 50,123 49,773 49,384 49,926 49,110 50,152 19,545 19,203 19,130 19,361 18,799 20,071
Chemicals and allied products............ 10,754 10,783 10,821 10,519 10,561 9,675 4,425 '4,420 4,455 4,365 4,371 4,252
Petroleum and coal products............. 4,223 4,212 4,158 4,331 4,253 3,968 1,090 1,056 985 1,082 1,036 959
Rubber and plastics products, n.e.c...... 2,952 2,941 2,956 2,901 2,886 3,132 1,005 999 989 1,001 1,007 1,245
All other nondurable goods industries.... 32,194 31,837 31,449 32,175 31,410 33,377 13,025 12,728 12,701 12,913 12,385 13,615

Work in process Finished goods

All manufacturing industries, total.. 48,788 48,816 49,232 48,705 48,622 48,573 46,966 47,024 46,595 46,151 45,903 43,482
Durable goods industries, total............ 41,192 41,177 41,692 41,135 41,008 40,774 23,984 24,093 23,881 23,156 23,206 21,200
Stone, clay, and glass products......... 485 485 507 449 467 424 1,789 1,788 1,768 1,671 1,686 1,690
Primary metals.......................... 4,261 4,288 4,471 4,176 .4,171 3,571 3,273 3,257 3,342 3,123 3,068 2,359
Machinery (electrical and nonelectrical). 14,913 14,878 15,080 14,908 14,847 15,604 9,495 9,496 9,456 9,307 9,269 8,337
Transportation equipment....r............. 14,802 14,713 14,535 14,862 14,717 14,292 1,892 1,948 1,952 1,873 1,890 1,684
All other durable goods industries...... 6,731 6,813 7,099 6,740 6,806 6,883 7,535 7,604 7,363 7,182 7,293 7,130
Nondurable goods industries, total......... 7,596 7,639 7,540 7,570 7,614 7,799 22,982 22,931 22,714 22,995 22,697 22,282
Chemicals and allied products............ 1,765 1,803 1,769 1,734 1,772 1,497 4,564 4,560 4,597 4,420 4,418 3,926
Petroleum and coal products.............. 1,102 1,097 1,080 1,125 1,108 1,071 2,031 2,059 2,093 2,124 2,109 1,938
Rubber and plastics products, n.e.c...... 486 491 494 484 491 530 1,461 1,451 1,473 1,416 1,388 1,357
All other nondurable goods industries.... 4,243 4,248 4,197 4,227 4,243 4,701 14,926 14,861 14,551 15,035 14,782 15,061


PPrel iminary.


data)









OF MANUFACTURERS' INVENTORIES TO SHIPMaENTS AND UNFILLED ORDERS TO SHIPMENTS,


(Based


on seasonally adjusted


n shpet raUnfilled orders shipments ratio'
Inventories shipments ratio o backlog)
(months backlog)
Industry group
Oct. Sept. Aug. Oct. Oct Sept. Aug. Ocet.
1975 1975r 1975 1974 1975p 1975 1975 1974


All manufacturing industries, total.................. 1.67 1.70 1.72 1.66 2.46 2.54 2.62 2.77
Durable goods industries, total............................ 2.19 2.23 2,29 2.06 2.98 3.08 3.17 3.32
Stone, clay, and glass products.......................... 1.51 1.60 1.66 1.50 (NA) (NA) (NA) (NA)
Primary metals......... .........*......... ....... **.*...... 2,02 1.95 2.18 1.23 1.78 1.71 1.99 2.11
Fabricated metals................................... .. .. 1.98 2.08 2.10 1.98 3.63 3.86 3.94 4.13
Machinery, except electrical............................. 2.78 2.93 3.00 2.65 3.34 3.64 3.63 3.87
Electrical machinery..................................... 2.36 2.42 2.44 2.62 3.36 3.50 3.55 3.90
Transportation equipment................................ 2.18 2.17 2.10 2.08 6.02 6.24 5.96 6.49
Instruments and related products......................... 2.55 2.59 2.74 2.95 (NA) (NA) (HA) (RA)
Nondurable goods industries, total...................,..... 1.15 1,16 1.15 1.21 0.49 0.48 0.47 0.47
Food and kindred products................................ 0.82 0.81 0.78 0.84 (X) (X) (X) (X)
Tobacco products......................................... 5.15 5.54 5.04 4.34 (X) (X) (X) (CX)
Textile mill products.................................... 1.44 1,44 1.47 1.90 (NA) (NA) (NA) Q U)
Paper and allied products................................. 1.28 1.30 1.34 1.29 (NA) (NA) (NA) (NA)
Chemicals and allied products............................. 1.37 1.42 1.44 1.36 X) ) (( (X) (X)
Petroleum and coal products.............................. 0.72 0.73 0.71 0.76 (X) (X) (X) 00)
Rubber and plastics products, n.e.c...................... 1.40 1.40 1.43 1.50 (X) (X) (X) (x)


(NA) Not available.


~Preliminary.


rRevised.


'Excludes the following industries with no unfilled order:


Not applicable.
Wooden containers;


glass containers; metal cans,


barrels


and drums;


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


petroleum and coal products; and


motor









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
tnfmnanife in anrch induqtrir


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

1II IIIIII2II2 01 9 BIB
3 1262 08589 4656


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
contacts 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
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.