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:
December 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:
AA00008477:00090

Related Items

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

Full Text
3,1 59:m3-ibs)-Ia


CURRENT


Manufactur
Inventor


INDUSTRIAL REPORTS


ers' Shipments,
ries, and Orders


December


1975


Dale W. Gordon SERIES: M3-1(75)-12
763-2502


FOR


RELEASE


2:00


P.M.


MONDAY,


FEBRUARY


1976


New orders for durable goods in December in-
creased by 0.7 percent or $273 million to $41,853
million after seasonal adjustment, the Bureau of the
Census, Department of Commerce, announced today.
The earlier release of this information based upon a
smaller sample of respondents had indicated a 0.5 per-
cent decline.
All the transportation industries reported increases
but the automotive industry dominated with an in-
crease of $1,260 million. These increases were largely
offset by declines in machinery, both electrical ($578
million) and nonelectrical ($491 million) and fabri-
cated metals ($409 million). New orders for capital
goods, which are heavily influenced by the machinery
and transportation industries, declined $429 million to
$11,799 million in December. Both the defense and
ncidefense components declined.

Inventories in manufacturing showed a small in-
crease of 0.1 percent or $115 million to $146,786
million at the end of December. This increase con-
tinues the small monthly gains that have been reported
since October. The December pattern was similar to
November as durable goods inventories declined but
did not offset the rise in nondurable goods inventories.


1 It should be noted that new orders for the motor
vehicles industry are not reported as such but are esti-
mated as equal to shipments. Hence, a sizeable decrease
in shipments is necessarily accompanied by a similar
decrease in new orders.


Shipments
December to
as durable go
million, but
$443 million
large increa
million), bt
million) an d


s rose 0.3 percent in
ttern was mixed
recent or $679
c^ 0 percent or
g g dustries, a
trans ion ($862
in rery ($337


Since the sf ~of durab o continued to
exceed orders r unfilled orders
continued to be re $g1,325 million or
1.1 percent to $112,595 milon at the end of Decem-
ber. Large declines were recorded in the machinery
industries, both nonelectrical ($482 million) and
electric ($383 million), and fabricated metals industries
($443 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 Jan-
uary is scheduled for release on February 23, 1976 and
the full report is scheduled for release on March 3,
1976.


This report contains data on an unadjusted and sea-
sonally 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)


Total,


Durable


Stone, clay,


Primary


Fabricated me
total....,.
Metal cans,
drums. *

Machinery,
total..
Engine 4
Farm


Aircraft,


S


Ins
pr
S


parts..............*.....
shipbuilding and railroad
equipment........,.......,

truments and related
oducts, total... ..........
scientificc and engineering,..


All other instruments


related


All other durable


Nondurable


Tobacco
Textile

Paper a


group


indus-


t.......
trans-


, total,.


excluding


and glass products.


metals,


t


otal.........
steel mills,
lIB........*...


metals....


tal products


total


and parts....


products.....,......*
mill products........,


products,


Pulp, paper,
Paperboard c
All other pa

Chemicals and


Industrial


goods


etc..........
ontaineras...-****.
per containers..


allied


oheuciala,


products,


except


p t~nts........... ... ...,


Drugs,

Petroleum
Rubber an


soap,


and toiletries.


and coal products...


products,


goods


indwustries...,...*..,,.....,


Shipments


Total inventories


I Without seasonal Without seasonal
Seasonally adjusted atjustmet1 Seasonally adjusted adjustment
Adjustment adjustment


7.957


86,666

77,563


2,056

525


1,520
781

739


4,443


44.163


7.814


1.989


7.097


7.427


146,786

125,710

95,720

3,611

13,914
7,627
4,692
1,595


10,972


1,905


7.979


51,066


146,671

125,303

95,953

3,585


1,880


7,973


50,718


146.510

125,210

96,215

3,605

13,776
7,536
4,655
1,585


10,914

759


21,503
1,788
1,955


50.295


146,378

125,380

95,115

3,534

14,155
7,879
4,687
1,589


10,702

704


146,101

124,570

95,429

3.439


10,742

659


21,531
6,056

12,035

2,790


10.682


149,762

128,829

97,198

3,648

12.038


14, 413


20,933
6,718


2,055


8,958


52,564


Industry


All manufacturing
tries:
Totel.....* ....


portation..,...

goods industries


Blast furnaces,
Konferrous meta


All other primary


Const S mini
mate dilng
Metal machi
Gener j4strial
Electric inery
Electr smi


Household
Radio and
Communic action


Transportation equipment,


Motor vehicles


missiles,


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


goods industries,


total.....,.....,.,,...........

Food and kindred products,
total.......................
Meat products..a.......,.,
Pats and oils...............


nd allied


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


d plastics


All other nondurable









OF MANUFACTURERS'


(Millions


of dollars)


Industry


group


All manufacturing
tries:
Total...-...,.-


Ibtal,


excluding


indus-


*trans-
t ranS -


portation, ..


Durable g

Primary


oods industries


metals,


t


Blast furnaces,
Nonferrous meta

Fabricated metal

Machinery, except


total.


otal....,...

steel mills.
ls......... ..

products.....


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


Aircraft,


equipment.....

equipment,


missiles,


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


All other durable


Nondurable


Industries


goods


goods industries


with unfilled


orders...........*...... .......


Industries


~dtbout


unfilled


orders*.. .....a. *..........


New orders


Unfilled


orders


Without seasonal Without seasonal
Seasonally adjusted adjustment' Seasonally adjusted adjustment'
adutetajsmn


5,282


7,425

601

1,545
486
857

5,510



931
826
513
1,309


9,159


1,829

487


8,140


44,029


10,295

33,734


85,304

76.,138

41,101

6,214

3,116
2.097

5,108


7,058

520

1,507
435
805

5.550


117,838

86,562

112,595

11,724

6,920
2,640

17,476


25,174

6.766


7,008


31,276


20,075

8,172


8,271


5.243


5,243


119,108

87,864

113,920

11,838

6,937
2,700

17,919


25,656

6.794


119,832

88,012

114,845

12,126

7,143
2.684

17,867


25,859

6,819

C ifl"


116,640

85,666

111,525

11,306

6,616
2,558

17,352


24,995

6.737


18,845



5,555
106
453
7,205


30,974


19,840

8,036


8,053


5,115


5,115


117,649

86,452

112,518

10,977

6,271
2,538

17,751


25,451


6.762


19,077



5,612
105
468
7.313


31,197


20,005

8,192


8,065


5,131


5.131


132,345

98,282

128,563

16,593

9,804
3,305

19,582


29,371

7,167


- Represents


Preliminary.


tAdjusted for trading-day and calendar-month


I











OF MANUFACTURERS'


SHIfPMENTS,


INVENTORIES,


(Millions


AND ORDERS,
of dollars)


FOR MARKET


CATFS2RIES


AND SUPPLVAENTARY


SERIES


Without seasonal auseWithout seasonal
Seasonally adjusted adjustment, Seasonally adjustedadjtment
adjustment' adjustment
Industry group
Dec. Nov. Oct. Dec Nov. Dec. Dec Nov. Oct. Dec Nov. Dec.
1975p 1975 1975 1975p 1975 1974 1975' 1975 1975 1975 1975r 1974

Shipments Total inventories


All manufacturing industries, total.. 86,902 86,666 87,704 81,918 86,228 75,406 146,786 146,671 146,510 146,378 146,101 149,762

Durable goods Industries, total............ 43,182 42,503 43,908 40,208 42,245 38,158 95,720 95,953 96,215 95,115 95,429 97,198
Nondurable goods industries, total......... 43,720 44,163 43,796 41,710 43,983 37,248 51,066 50,718 50.295 51,263 50.672 52,564

Industry groups arranged by market
categories:
Home goods and apparel........ ......... 8,150 8,127 8,138 7,267 8,150 5,841 12,912 12,691 12,565 12,476 12,232 14,397
Consumer staples......................... 17,166 17,296 17,390 16,925 17,516 15,976 19,413 19,525 19,463 19,787 19,824 19,904
Equipment and defense products, except
automotive.............................. 11,367 11,401 11,712 11,213 10,915 11,170 37,743 38,238 38,466 37,601 38,171 37,809
Automotive equipment..................... 8,082 7,173 7,626 6.783 7,809 5,324 7,439 7,498 7,549 7,451 7,534 8,491
Construction materials, supplies, and
intermediate products................... 6,758 6.581 6,708 6,137 6,464 5,434 12,572 12,560 12,558 12,375 12,317 12,989
Other materials and supplies and
intermediate products................... 35,379 36,088 36,130 33,593 35,374 31,661 56,707 56,159 55,909 56,688 56,023 56,172

Supplementary series:2
Household durable goods industries....... 3,469 3,564 3,618 3,277 3,571 2,801 6,526 6.361 6,325 6,340 6,201 7,307
Capital goods industries................. 12,597 12,713 13,044 12,623 12,500 12,607 42,334 42,869 43,022 42,129 42,848 42,271
Nondefense............................. 11,000 10,977 11,178 10,907 10,719 10,906 34,519 35,045 35,292 34,356 34,976 35,765
Defenses............................... 1,597 1,736 1,866 1,716 1,781 1,701 7,815 7,824 7,730 7,773 7,872 6,506

New orders Unfilled orders


All manufacturing industries, total.. 85,628 85,943 86,422 80,910 85,304 72,894 117,838 119.108 119,832 116,640 117,649 132,344

Durable goods industries, total........... 41,853 41,580 42,393 39,215 41,101 36,024 112,595 113,920 114,845 111,525 112,518 128,563
Nondurable goods industries, total......... 43,775 44,363 44,029 41,695 44,203 36,870 5,243 5,188 4,987 5,115 5,131 3,782

Industry groups arranged by market
categories:
Home goods and apparel.................. 8,145 8,164 8,138 7,206 8,114 5,614
Consumer staples...................,... 17,176 17,295 17,378 16,937 17,529 15,977 248 4 236 218 3 39
Equipment and defense products, except
automotive.............................. 10,770 11,197 10,870 10,658 10,253 10,776
Automotive equipment..................... 8,196 6,951 7,491 6,880 7,700 6,103 6
Construction materials, supplies, and
intermediate products................... 6,606 6,642 6,452 5,885 6,368 4,995 15,915 16,066 16,006 15,676 15,928 17,493
Other materials and supplies and
intermediate products.................. 34,735 35,694 36,093 33,344 35,340 30,456 39,455 40,095 40,489 38,790 39,039 46,907

Supplementary series:2
Household durable goods industries....... 3,452 3,619 3,629 3,232 3,545 2,628 1,748 1,765 1,710 1,671 1,716 1,702
Capital goods industries................. 11,799 12,228 11,885 11,713 11,609 11,995 68,146 68,943 69,429 67,807 68,719 74,472
Nondefense............................. 10,417 10,690 10,689 10,220 10,311 10,229 43,220 43,801 44,090 42,786 43,474 49,789
Defenses............................... 1.382 1,5S8 1,196 1,493 1,298 1,766 24,926 25,142 25,339 25,021 25,245 24,683


4During I
gate figures
included in
variations;


968 manufacturers


on shipment
the defense


unfilled


in ordnance,


s, orders,
series.


orders


communications,


and total inventories
PPreliminary. rR


and inventories


aircraft


and aircraft


of work performed


revised.


as of end of month.


parts,


and shipbuilding


for the Department


'Shipments


new orders


supplementary


series


of Defense
adjusted


g industries be
e. The results
for trading-day


are regroupings


gan to provide


aggre-


of these reports ar
and calendar-month'


of the separate


industry


categories


as follows:


Household dur
appliances;


Capital


goods


Products (
Nondefense p
(excluding
equipment,


Defense


a


ble goods
ophthalmic
industries


old series)
products M
household


industries
goods, wa


- Household


tches,


- The capital
categories.


achlnery,
appliances


communication


products


communications,


- Based o
aircraft


equipme
n separa
and air


Shipments of Defense-Oriented


except


furniture;


and clocks;


goods


industries


electrical


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


Industries,


for


kitchen


articles


and miscellaneous


series


(excluding
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


and machine shops),
of shipbuilding and


Goods and the Defense


electrical
repairing


machinery
and railroad


and ordnance.


k filed by large


nd shipbuilding.
the specified in


The data
dustries.


defense


contractors


are comparable


in the following


to those published


industries:


annually


ordnance,


in the MA-175,












Table 3.--MANUFACTURERS'


(Based


on seasonally


adjusted


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

and industry group Nov.- Oct.- Sept,- 3 months 12 months
Item and industry group
Dec. Nov. Oct. Average Average
1975 1975 1975 Sept.- June- Mar.- Dec. 1974 rise decline
Dec. 1975 Sept. 1975 June 1975 Dec. 1975


Shipments:
All manufacturing industries......... +0.3 -1.2 t1.6 +0.2 +2.2 +1.4 +0.7 +1.5 -1,4

Durable goods industries, total......... +1.6 -3.2 +1.5 0.0 +2.3 +1.2 +0.5 +1.9 -2.0
Nondurable goods industries, total..... -1.0 +0.8 +1.8 +0.5 +2.2 +1.7 +1.0 +1.3 -1.0

Total inventories:
All manufacturing industries......... +0.1 +0.1 +0.1 +0.1 -0.4 -0,7 -0.2 +0.8 -0.1
New orders;
All manufacturing industries......... -0.4 -0.6 +1.1 0.0 +2.1 +2.6 +0.9 +1.9 -1.8
Durable goods Industries, total........ +0.7 -1.9 +0.4 -0.3 +2.1 +3.4 +0.9 +2.5 -2.7
Nondurable goods industries, total..... -1.3 +0,8 +1.9 +0.5 +2.2 +1.8 +1.1 +1.3 -1.1
Unfilled orders:
Durable goods industries, total........ -1.2 +0.8 -1.3 -1.1 -0.1 -0.9 -1.2 +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 au t Seasonally adjusted aute
adjustment adjustment
Industry group
Dec. Nov. Oct. Dec. Nov. Dec. Dec. Nov. Oct. Dec. Nov. Dec.
1975P 1975r 1975 1975P 1975r 1974 1975 1975r 1975 1975P 1975r 1974

Total Materials and supplies

All manufacturing industries, total.. 146,786 146,671146,510 146,378 M46,101 149,762 50,326 50,506 50,729 50,955 50,559 54,649
Durable goods industries, total............ 95,720 95,953 96,215 95,115 95,429 97,198 30,624 30,980 31,072 30,900 31,046 33,576
Stone, clay, and glass products.......... 3,611 3,585 3,605 3,534 3,439 3,642 1,319 1,329 1,339 1,324 1,319 1,437
Primary metals.......................... 13,914 13,898 13,776 14,155 13,960 12,038 6,192 6,333 6,238 6,485 6,502 5,647
Machinery (electrical and nonelectrical), 34,288 34,342 34,748 34,049 34,144 35,965 10,129 10,228 10,393 10,141 10,108 11,284
Transportation equipment................. 21,076 21,368 21,300 20,998 21,531 20,933 4,419 4,640 4,600 4,479 4,735 4,933
All other durable goods industries....... 22,831 22,760 22,786 22,379 22,355 24,620 8,565 8,450 8,502 8,471 8,382 10,275
Nondurable goods industries, total......... 51,066 50,718 50,295 51,263 50,672 52,564 19,702 19,526 19,657 20,055 19,513 21,073
Chemicals and allied products............. 10,787 10,836 10,750 10,863 10,682 10,666 4,305 4,313 4,401 4,349 4,282 4,450
Petroleum and coal products............. 4,443 4,301 4,242 4,522 4,419 3,994 1,112 1,088 1,083 1,132 1,092 939
Rubber and plastics products, n.e.c...... 2,935 2,925 2,964 2,952 2,911 3,287 1,031 973 1,006 1,034 993 1,251
All other nondurable goods industries.... 32,901 32,656 32,339 32,926 32,660 34,617 13,254 13,152 13,167 13,540 13,146 14,433

Work in process Finished goods

All manufacturing industries, total.. 48,909 48,862 48,810 48,320 48,847 48,912 47,551 47,303 46,971 47,103 46,695 46,201
Durable goods industries, total............ 41,167 41,140 41,175 40,724 41,174 41,023 23,929 23,833 23,968 23,491 23,209 22,599
Stone, clay, and glass products...t...... 471 481 478 444 443 455 1,821 1,775 1,788 1,766 1,677 1,750
PrLmary metals............................. 4,365 4,279 4,267 4,345 4,261 3,700 3,357 3,286 3,271 3,325 3,197 2,691
Machinery (electrical and nonelectrical). 14,783 14,706 14,913 14,649 14,763 15,738 9,376 9,408 9,442 9,259 9,273 8,943
Transportation equipment................. 14,716 14,851 14,784 14,623 14,918 14,157 1,941 1,877 1,916 1,896 1,878 1,843
All other durable goods industries....... 6,832 6,823 6,733 6,663 6,789 6,973 7,434 7,487 7,551 7,245 7,184 7,372
Nondurable goods industries, total......... 7,742 7,722 7,635 7,596 7,673 7,889 23,622 23,470 23,003 23,612 23,486 23,602
Chemicals and allied products............ 1,706 1,789 1,783 1,726 1,772 1,630 4,776 4,734 4,566 4,788 4,628 4,586
Petroleum and coal products.............. 1,180 1,117 1,097 1,166 1,123 1,077 2,151 2,096 2,062 2,224 2,204 1,978
Rubber and plastics products, n.e.c...... 456 487 494 464 487 566 1,448 1,465 1,464 1,454 1,431 1,470
All other nondurable goods industries.... 4,400 4,329 4,261 4,240 4,291 4,616 15,247 15,175 14,911 15,146 15,223 15,568


~Prel1minary.


data)









Table 5.--RATIO OF MANUFACTURERS' INVUiTORIES TO SHIPMENTS AND UNFILLED ORDERS TO SHIPMENTS, BY INDUSTRY GROUP
(Based on seasonally adjusted data)


Sshipe rUnfilled orders shipments ratioz
Inventories shipments ratio
(months backlog!
Industry group
Dec. Nov. Oct. Dec. Dec. Nov. Oct. Dee.
1975 1975 1975 1974 1975 1975r 1975 1974

All manufacturing industries, total................ 1.69 1.69 1.67 1.89 2.48 2.49 2.46 2.96
Durable goods industries, total............................. 2.22 2.26 2.19 2.40 3.00 3.03 2.97 3.56
Stone, clay, and glass products.......................... 1.61 1.58 1.51 1.80 (NA) (NA) (NA) (sA)
Primary metals............................................ 2.18 2.12 2.01 1.61 1.84 1.80 1.77 2.33
Fabricated metals...........:......,..................- 2.06 2.09 1.98 2.39 3.65 3.81 3.64 4.,2
Machinery, except electrical............................. 2.75 2.69 2.77 2.78 3.30 3.28 3.33 3.82
Electrical machinery.................................... 2.47 2.40 2.35 2.89 3.46 3.45 3.37 4.05
Transportation equipment................................ 2.12 2.35 2.19 2.58 6.13 6.28 6.00 7.45
Instruments and related products........................ 2.51 2.51 2.50 3.19 (NA) (NA) (SA) (A)
Nondurable goods industries, total......................... 1.17 1.15 1.15 1.35 0.53 0.50 0.50 0.45
Food.and kindred products................................ 0.85 0.85 0.82 0.92 (X) (X) (X) (E)
Tobacco products........................................ 4.88 4.52 5.10 4.80 (X) (X) (X) (X)
Textile mill products.................................. 1.49 1.47 1.49 2.05 (NA) (NA) (HA) (ft)
Paper and allied products................................ 1.26 1.23 1.28 1.44 (A) (NA) (NA) (hA)
Chemicals and allied products............................ 1.36 1.39 1.38 1.54 (X) (X) (X) (X)
Petroleum and coal products..............................; 0.78 0.72 0.72 0.80 (X) (X) (X) (X)
Rubber and plastics products, n.e.c............... ....... 1.44 1.38 1.41 1.72 (X) (X) (x) (X)


(NA) Not available.


the following


PPreliminary.
industries wi


rRevised.


th no unfilled order:


(X) Not applicable.


Wooden


containers; glass containers;


metal cans,


barrels


and drums;


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.


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
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
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.

Inventories-End-of-month inventories in the




UNIVERSITY OF FLORIDA

3II 1262 III III II B 461l 41 1
3 1262 08589 4664


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 value of partial or
complete cancellation of existing orders.

Unfilled orders include orders as defined abx 4
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

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 fCr
seasonally adjusted data as well as for the unadjusted
data. Shipments and unfilled orders are seasonally
adjusted independently. Seasonally adjusted
orders are derived from seasonally adjusted shipmes
and seasonally adjusted unfilled orders.





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