Current industrial reports

MISSING IMAGE

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:
February 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:
AA00008477:00092

Related Items

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

Full Text

2'
CA


/913


CURRENT


Manufacturers'

Inventories, am


Fe


REPORTS


Shipments,
d Orders


Ibruary 1976


FOR RELEASE: March 30, 1976


SERIES: M3-1 (76)-2


William Menth
763-2502


Manufacturers new orders increased


2.5 percent in


percentage increase in this series since October,


1973.


February to an all time high of $90,371 million in sea-


sonally
Census,


adjusted current dollars, t
Department of Commerce


ie Bureau of the


reported


today.


The dollar increase was divided between defense (in-
creasing $353 million or 2 non-defense
(increasing $451 milli i2 eAan e figures


This increase of $2,181 million was largely due to an
increase of $1,144 million reported by the transpor-
tation industries with motor vehicles industries and the
shipbuilding and railroad equipment industries report-
ing the largest part of the advance. New orders for
durable goods increased in February by 4.2 percent
or $1,811 million. This is an upward revision from the
$1,032 million increase shown in the advance report
for February which was issued earlier this month based
on lower survey response.


for capital


goods


affected by revisio


mruary.


reporting


These


as we


companies to the
for the advance re


manufactu


increase of $174 million
million. The increase is en


the non-durable


goods manufacturers which in-


Shipments by all manufacturers increased by $1,683
million (1.9 percent) to a total of $90,959 million.
Durable goods increased by $1,117 million (2.5 per-


cent) with


about


two-thirds of


increase


being


creased by $171


million.
facturers
million.


Inventories


were


million or 0.3 percent to $51,537


held by


essentially


durable


goods


unchanged


manu-


$95,66


shown by the motor vehicles and aircraft industries.
The non-durable goods industries reported a shipments
increase of $566 million (1.3 percent) with moderate
increases in most areas being partially offset by a $248
million decline in shipments by the food industries.

Total sales for February continue to exceed all pre-
vious figures for sales in a single month on a current
dollar basis. Since sales also continue to exceed new
orders received, the backlog of unfilled orders declined
by $590 million, continuing the basic pattern of the


last 17 months. Tt
ing and railroad e
the few industries
order backlog.


he electrical machinery, shipbuild-


equipmentt


industries


that showed


were


increases


among


in their


SCHEDULED RELEASE DATES


The figures on the durable goods industries


report supersede those issued earlier in


in this


the advance


report on durable goods. The present report is based on
more complete reporting, but the estimates are also


considered


preliminary.


figures will appear


historical data in the report to be published for next
month. The advance report on durable goods for March


is scheduled for release on April 21,


1976 and the


full report is schedule for release on April 20, 1976.


This report


contains


data on an unadjusted and


New orders of capital goods industries increased
i percent to $12,652 million. This is the largest


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.


INDUSTRIAL










AND ORDERS, BY INDUSTRY GROUP


(Millions


of dollars)


Industry


grotip


All manufacturing
tries:


indus-


Total, excluding trans-
portation..............


Durable


goods industries,


Stone, clay,


total.


and glass products.


Primary metals, total.........
Blast furnaces, steel mills.
Nonferrous metals..........
All other primary metals....

Fabricated metal products
total..... .. ... ..........
Metal cans, barrels, and
drums.." .... ..............

Machinery, except electrical,
total... ..................
Engines and turbines........
Fann machinery and equipment.


Construction,


mining, and


material handling equipment.
Metalworking machinery......
General industrial machinery
Electricalimachinery, total...
Electrical transmission and
distribution equipment 4ld
industrial apparatus.......
Household applianges........
Radio and TV...............
Communication equipment .....

Transportation equipment, total
Motor vehicles and parts....
Airc raft, missiles, and
parts....... ...............
Shipbuilding and railroad
equipment..................

Inst runents and related
products, total.............
Scientific and engineering..
All other instruments and
related products...........

All other durable goods
industries...................

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

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

Tobacco products..............
Textile mill products.........

Paper and allied products,
total...... ....... ...... ...
Pulp, paper, etc............
Paperboard containers.......
All other paper containers..

Chemicals and allied products,
total.. *B *.****B 4i. ...u.4
Industrial chemeials, except
pigments ...................
Drugs, soap, and toiletries.

Petroleum and coal products...
n-i i .J 1 ,


Shipments


Total inventories


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


5,735


[,239
926
457
1,291

11,076
7,692

2,248

586


1,529
790

739


4,687


45,272


14,349
3,035
1,165

634
3,266


3,892
1,803
887
1,202


8,040

2,642
2,136

6,024


89,276

79,008

44,570

2,329

6,775
3,590
2,058
1,127


5,621

568


7 654
S 621
854

1 546
516
865
5,813


1,231
887
488
1,197

10,268
7,071

2,005

653


1,585
825

760


4,525


44,706


14,597
3,196
1,215

652
3,228


3,729
1,758
843
1,128


7,931

2,664
2,068

5,818


87,616

77,320

43,681

2,223

6,409
3,343
2,068
998


5,396

549


7,730
635
792

1,725
545
793
5,434


1,088
858
460
1,089

10,296
7,262

1,955

576


1,580
847

733


4,613


43,935


14,007
3,196
1,269

667
3,122


3,686
1,760
810
1,116


8,016

2,636
2,066

5,784


91,874

80,503

46,111

2,191

6,877
3,578
2,111
1,188


5,663

607


7,994
665
845

1,683
526
884
5,924


1,279
902
437
1,261

11,371
7,974

2,268

622


1,484
799

685


4,607


45,763


14,292
2,969
1,233

603
3,239


3,969
1,825
881
1,263


8,223

2,735
2,219

6,187


83,362

73,667

41,265

2,016

6,554
3,529
1,957
1,068


5,106

498


7,162
542
788

1,522
482
772
5,298


1,071
743
447
1,130

9,695
6,957

1,758

578


1,425
779

646


4,009


42,097


13,726
3,145
1,164

615
2,971


3,602
1,713
800
1,089


7,385

2,542
2,010

5,839


80,210

71,650

40,574

1,913

7,133
3,902
2,056
1,175


4,830

513


7,758
527
859

1,729
565
756
5,241


1,175
661
360
1,259

8,560
5,344

2,289

540


1,290
721

569


3,849


39,636


13,629
2,643
1,391

586
2,287


3,293
1,443
809
1,041


7,019

2,245
1,948

4,985


147,204

125,865

95,667

3,580

13,926
7,738
4,673
1,515


10,924

903


20,865
1,764
1,845

4,912
1,661
1,968
13,106


2,835
1,085
1,013
4,087
21,339
6,071

12,096

2,535


3,787
1,949

1,838


8,140


51,537


11,693
1,237
924

3,373
4,712


4,684
1,789
1,237
1,658


10,984

3,011
3,633

4,445


147,030

125,917

95,664

3,632

13,903
7,718
4,636
1,549


11,011

872


20,976
1,778
1,845

4,912
1,717
2,014
13,168


2,837
1,088
1,088
4,071
21,113
5,987

11,938

2,547


3,850
1,962

1,888


8,011


51,366


11,858
1,224
972

3,244
4,681


4,684
1,807
1,229
1,648


11,037

3,038
3,741

4,321


146,574

125,403

95,754

3,630

13,924
7,627
4,696
1,601


10,979

772


20,988
1,753
1,859

4,868
1,739
1,983
13,196


2,835
1,108
1,057
4,116

21,171
5,917

11,934

2,649


3,830
1,941

1,889


8,036


50,820


11,738
1,228
997

3,255
4,589


4,552
1,754
1,201
1,597


10,861

3,033
3,621

4,313


147,969

126,505

96,011

3,664

14,082
7,855
4,710
1,517


10,809

886


21,057
1,793
1,919

4,961
1,666
1,984
12,953


2,836
1,096
937
4,067

21,464
6,198

12,103

2,492


3,755
1,935

1,820


8,227


51,958


11,832
1,269
988

3,569
4,737


4,662
1,790
1,226
1,646


11,176

3,062
3,637

4,368


147,458

126,215

95,625

3,631

14,145
7,934
4,678
1,533


10,840

862


20,990
1,766
1,874

4,951
1,705
1,998
12,949


2,825
1,092
995
4,030

21,243
6,119

11,941

2,519


3,779
1,945

1,834


8,048


51,833


12,152
1,232
1,047

3,455
4,605


4,657
1,794
1,210
1,653


11,125

3,087
3,703

4,341


152,692

131,164

100,403

3,829

13,157
6,719
4,625
1,813


11,915

1,180


22,381
1,983
2,155

4,734
1,891
1,988
14,581


3,259
1,323
1,126
4,252

21,528
6,563

11,360

2,741


4,187
2,095

2,092


8,825


52,289


12,071
1,211
1,005

3,275
4,567


4,855
1,777
1,315
1,763


11,040
3,041
3,808

4,138












OF MANUFACTURERS'


Millions


of tiollars


Industry


group


manufacturing


Total, exc


indus-


luding trans-


portation.


Durable g

Primary


oods industries,

metals, total..


total,


Blast furnaces, steel mills.
Nonferrous metals...........

Fabricated metal products.....

Machinery, except electrical,
total ... *. ...................


Engines


and turbines.


Construction, mining, and
material handling equipment.
Metalworking machinery......
General industrial machinery.


Electrical machinery,


total...


Electrical transmission and
distribution equipment and
industrial apparatus.......
Household appliances........
Radio and TV................
Communication equipment.....

Transportation equipment,
total.........................


Aircraft,


missiles,


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

All other durable goods
industries .................. .

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


Industries with


unfilled


orders....................,
Industries without unfilled
orders,....................


New orders


Unfilled


o rd rs


Without seasonal Without seasnnal
Seasonally adjusted Wihu s 1 Seasonally adjusted adjustment
adjustment Idjustment


90,371

79,606

45,095

6,604

3,389
2,097

5,517


7,444

7L8

1,341
490
775

6,101



1,186
916
447


10,765


1,778

731


8,664


45,276


10,678

34,598


88,190

78,569

43,284

6,615

3,770
1,949

5,405


7,363

633

1,435
504
728

5,860



1,166
916
494


5,163


7,118

548

1,549
495
730

4,941



978
859
424
821


10,477


2,105

477


8,481


43,917


10,138

33,779


92,177

81,016

46,259

7,275


4,969


7,128

597

1,447
461
672

5,209



960
771
437
1,237


9,518


1,661

265


7,547


42,313


9,999

32,314


4,685


7,219

478

1,453
464
810

4,875



981
682
362
1,278


8,587


2,672

296


7,007


39,633


8,793

30,840


118,986

88,098

113,614


17,251


6,743


18,839



5,408
132
471
7,142


30,888


L9,782

7,830


8,325


5,416


5-416


1976


119,576

88,375

114,209

13,920


120,659

88,811

115,494

14.084


18.564


31,848


20,639

8,165


8,268


5,165


5,165


1976


88,568

114,308

14,135


18,769



5,401
134
444
7,180


31,156


19,821

7,966


8,380


5,372


5,372


1976


119,417

88,051

114,158

13,737


132.289

98,358

128,581

18,640


- Represents zero.


PPrelitinary.


Revised,


'Adjusted for trading-day and calendar-month variations.













FOR MARKET CATEGORIES


'Nh llitns


AND ORDERS,
of dollars


AND SUPPLEMENTARY


SERIES


industries.


C-, I' a -l


totll ..... ..... ..


N~~ndurab[e gfl')(Is industry es, total ~,.,,.


fld U~. V 'V ri
424 t 4g"ri Cs


AprrAngod


H'me goods 4 and


ma rk*. t


appar l. ........ .... .....


C nsu, ir staples .... ..... . ..
EquI pmtnt and def en-e products, except
autiomot ve. .. ...... .. ---,---. -... .. *
Autrom tive equipmentt ..... ... .. ... .
Consiit ruction materials, suppli -s. ,ind
int Irmediatn product ............... ... .
Other materials and supplies and
i t crned a E products........... ,... .. .

Supply men t a ry s'r i e
Household durable goods industries .......
Cpip tal goods industries ...............-- .
Nondefense. ...........................
De-fense ................................


All manut ac during


indus tries ,


flflal.


Durable goods industries, total.... ,
Nondurable go)dk industries, total-


Industry


groups arranged by market


categories
Rome- goods and apparel........... ..... .
Consumer staples......... ...... ..... .
Equipment and defense products, except
aut'omOt ive.... .... ......... ... .
Automiotive eiuipment.............. .. ...


(SOnS t mac t in


materials, supplies, and


intermediate products......... .... .....
OTher miateri ls and supplies and
int er ediatc iprodlucts...... .... ....... ..

Supplenment ptry ,ser Is *


HousehIold durable oolds


tid 1St t i CS .,.., .


Capital foods industries......... .. ...
N>ndefense.. .... .................... ...*
Dnfense.......,..... ..................... .


89,276

44,570
44,706|


8,379 8,251 8
17,742 17,831 17

11,693 11,513 11
8,940 8,262 8

7,028 6,849 6

37,177 36,570 35


3,636 3,602 3
13,143 12,811 12
11,255 10,959 10
1,888 1,852 1




"0,371 88,190 86

45,095 43.284 42
45,276 44,906 43



8,303 8,249 8
17,727 17,866 17


Wit
Seasonall 1v id duste.d

I industry iT' r ip
Feb. Jan. Dec. Feb.
1976p 1976r1 1975 1976

Shipments


87,616

43,681
43,935


ew orders


,754 92,

,837 46,
,917 45,


hout seasonal Without seasonal
S, Seasonally adjusted adjustment
iidjustment '"adjustment

Jan Feb. Feb. Jan. Dec. Feb. Jan. Feb.
1976r 1975 1976p 1976r 1975 1976 1976r 1975

Total inventories


83,362 80,210 147,204 147,030 146,574147,969 147,458 152,692

41,265 40,574 95,667 95,664 95,754 96,011 95,625 100,403
42,097 39,636 51,537 51,366 50,820 51,958 51,833 52,289




7,296 6,649 12,780 12,710 12,835 12,714 12,524 14,005
16,809 16,323 19,387 19,466 19,264 19,670 19,868 19,927

10,584 11,671 37,783 37,711 37,861 37,944 37,684 39,259
7,948 6,291 7,571 7,495 7,436 7,765 7,660 8,391

5,814 5,393 12,585 12,704 12,639 12,692 12,647 13,096

34,911 33,883 57,098 56,944 56,539 57,184 57,075 58,014


3,195 2,895 6.194 6,212 6,430 6,157 6,110 7,269
11,739 13,085 42,411 42,310 42,462 42,442 42,171 43,847
10,103 11,392 34,496 34,668 34,656 34,545 34,546 37,153
1,636 1,693 7,915 7,642 7,806 7,897 7,625 6,694

SUnf killed rders


177


-During 1968 manufacturers i
gate figures on shipments, orde
included in these new defense s
the data have been seasonally a


n ordnance, communications, aircraft and


airc


rs, and total inventories of work performed f


ries.
adjusted


raft parts, and s
or the Department


hipbuilding industries


of Defense.


began to provide


aggre-


The results of these reports are


Since there are no historic data available to develop separate seasonal factors for these reporters,


using the factors of these industries.


adjusted for trading-day and calendar-month variations; unfilled
are regroupings of the separate industry categories as follows:


PPreliminary.


orders and inventories as


rRevtsed.


of end of month.


{Shipments and new orders
2The supplementary series


Household durable goods industries Household furniture; kitchen articles and pottery;


cutlery,


handtools,


and hardware;


household


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


Goods and the Defense


Products old series' categories.
Nondefense industries Machinery, except electrical .excluding farm machinery and equipment and machine shops), electrical


machinery


'excluding household appliances and electronic components), and the nondefense portions of shipbuilding and repairing and railroad


equipment, communication equipment,


aircraft,


aircraft parts, and ordnance.


Defense products Based on separate reports on defense work filed by large defense
industries: ordnance, communications, complete aircraft, aircraft parts, and shi


p


contractors in the following
building. The data are comparable to those


Shipments of Defense-Oriented Industries, for the specified industries.


A11 mnanuifactur ing I

Durablye toods indus tri -s












SHIPMENTS, INVENTORIES,


(Based


on seasonally


adjusted


Month-to-month Average monthly rates of change Average, 1970-1975

Dec. 3 months 12 months
Item and industry\ group Jan.- Nov.-
Feb 1975- Dec Average Average
p Jan. Dec. Nov. 1975- Aug.- May- Feb. 1975- ris decline
1976 975 Feb. 1976 Nov. 1975 Aug. 1976 Feb. 1976


Shipments:
All manufacturing industries......... +1.9 +1.9 +1.3 +1.7 +0.5 +2.2 +1.2 +1.4 -1.6

Durable goods industries, total........ +2.5 +2.0 +3.1 +2.5 -0.0 +1.6 +1.1 +1.5 -2.2
Nondurable goods industries, total ..... +1.3 +1.8 -0.5 +0.9 +1.1 +2.9 +1.2 +1.5 -1.2

Total inventories:
All manufacturing industries......... +0.1 +0.3 -0.1 +0.1 -0.0 -0.5 -0.3 +0.9 -0.3
New orders:
All manufacturing industries......... +2.5 +1.7 +0.5 +1.6 +0.5 +2.6 +1.4 +1.8 -1.9
Durable goods industries, total........ +4.2 +1.0 +2.0 +2.4 -0.2 +2.2 +1.6 +2.4 -2.7
Nonduradhle goods industries, total..... +0.8 +2.3 -1.0 +0.7 +1.1 +3.0 +1.3 +1.5 -1.3
Unfilled orders:
Durable goods industries, total........ -0.5 -1.1 -0.7 -0.8 -0.7 -0.4 -1.0 +1.7 -1.2











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

Without seasonal Without seasonal
Seasonally adjusted Seasonally adjusted
ad justment ad jus tent
Industry group
Feb, Jan. Dec. Feb. Jan. Feb. Feb. Jan. Dec. Feb. Jan. Feb.
1976 1976 1975 1976" 1976r 1975 1976 1976r 1975 1976 1976r 1975

Total Materials and supplies

All manufacturing industries, total.. 147,204 147,030 146,574 147,969 147,458 152,692 51,147 51,068 50,467 51,127 51,404 54,914
Durable goods industries, total............ 95,667 95,664 95,754 96,011 95,625 100,403 31,159 31,176 30,796 30,863 31,181 34,229
Stone, clay, and glass products.......... 3,580 3,632 3,630 3,664 3,631 3,829 1,368 1,333 1,337 1,372 1,330 1,477
Primary metals............................ 13,926 13,903 13,924 14,082 14,145 13,157 6,443 6,384 6,237 6,373 6,510 6,126
Machinery (electrical and nonelectrical). 33,971 34,144 34,184 34,010 33,939 36,962 10,089 10,200 10,161 10,059 10,157 11,527
Transportation equipment.................. 21,339 21,113 21,171 21,464 21,243 21,528 4,567 4,484 4,490 4,554 4,512 4,907
All other durable goods industries....... 22,851 22,872 22,845 22,791 22,667 24,927 8,692 8,775 8,571 8,505 8,672 10,192
Nondurable goods industries, total......... 51,537 51,366 50,820 51,958 51,833 52,289 19,988 19,892 19,671 20,264 20,223 20,685
Chemicals and allied products............ 10,984 11,037 10,861 11,176 11,125 11,040 4,282 4,327 4,323 4,301 4,360 4,534
Petroleum and coal products.............. 4,445 4,321 4,313 4,368 4,341 4,138 1,186 1,148 1,099 1,183 1,166 1,105
Rubber and plastics products, n.e.c...... 3,042 3,053 2,989 3,086 3,065 3,274 1,051 1,064 1,056 1,037 1,051 1,142
All other nondurable goods industries.... 33,066 32,955 32,657 33,328 33,302 33,837 13,469 13,353 13,193 13,743 13,646 13,904

Work in process Finished goods

All manufacturing industries, total.. 48,617 48,609 48,782 48,835 48,618 49,529 47,440 47,353 47,325 48,007 47,436 48,249
Durable goods industries, total............ 40,698 40,779 41,031 40,921 40,792 41,867 23,810 23,709 23,927 24,227 23,652 24,307
Stone, clay, and glass products.......... 509 504 487 521 505 511 1,703 1,795 1,806 1,771 1,796 1,841
Primary metals........................... 4,273 4,278 4,330 4,380 4,368 3,890 3,210 3,241 3,357 3,329 3,267 3,141
Machinery "electrical and nonelectriealA. 14,416 14,572 14,657 14,454 14,518 15,807 9,466 9,372 9,366 9,497 9,264 9,628
Transportation equipment................. 14,863 14,695 14,742 14,921 14,756 14,661 1,909 1,934 1,939 1,989 1,975 1,960
All other durable goods industries....... 6,637 6,730 6,815 6,645 6,645 6,998 7,522 7,367 7,459 7,641 7,350 7,737
Nondurable goods industries, total......... 7,919 7,830 7,751 7,914 7,826 7,662 23,630 23,644 23,398 23,780 23,784 23,942
Chemicals and allied products............ 1,736 1,782 1,742 1,759 1,775 1,697 4,966 4,928 4,796 5,116 4,990 4,809
Petroleum and coal products.............. 1,199 1,151 1,165 1,172 1,134 1,051 2,060 2,022 2,049 2,013 2,041 1,982
Rubber and plastics products, n.e.c...... 511 502 476 511 503 544 1,480 1,487 1,457 1,538 1,511 1,588
All other nondurable goods industries.... 4,473 4,395 4,368 4,472 4,414 4,370 15,124 15,207 15,096 15,113 15,242 15,563


PPreliminary.
rRevised.


data)













Table 5.--RATIO OF MANUFACTURERS INVENFTORIES TO SHIPMENTS AND UNFI.LED ORDERS TO SHIPMENTS, BY INDUSTRY GROUP


Based oni


seasonally


adjusted


I ncins trY ~ Y


All manuf ncturinz induist r es,

Durable go

total


Unfilled orders shipments ratio'
months' backlog


1.62

2.09


2.19


Stmnc, Primary metals ..........
Fabricated m tals .......
Machinery, evxcepTj eleclr
Electrical machinery ....
Transport at ion equipment
Ins trumen!ts andt relate ed


Nondurable goods indust rs, t totld..

Food and kindred products ..........
Tobacco products ......... .......
Textile mill products..............
Paper and allied products..........
Chemical and allied product ......
Petroleum and c<"al p'olducts........
Rubber and plast ics products, n. e.c


1.92
2.49


2.38
2.89


2.95


2.52
3.07


2.94
3.55


NA Nt available. PPreliminary. rRevised. X Not applicable.
'Ejwludes the following industrrs with no unfilled order Wooden (ontainers; glass containers; metal cans, barrels and drums: motor
vTh cit assembly operations ; f oods aind rel ted products; tobacco; apparel and related products; chemicals; petroleum and coal products; and
rubbe anind pl ast ls products, nie .c.


data










Appendix


The following is a description of the survey and


definitions used.


These


are provided


to clarify the


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


DESCRIPTION OF SURVEY


The Manufacturers'


Shipments,


Inventories,


Orders survey provides monthly figures that are com-
parable to the annual totals published each year in the


Annual Survey of Manufactures (ASM).


The ASM is


based on a sample of approximately 60,000 manu-
facturing establishments drawn from the 5-year census
universe of about 310,000 establishments. In the ASM,


each manufacturing establishment
employment, payrolls, shipments,


provides data on
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.


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


consignment.


Shipments also include receipts of establishments in
the industry for contract work performed for others,
resales, receipts for miscellaneous activities such as the
sale of scrap and refuse; value of installation and repair
work performed by employees of the plant; and value
of research and development performed at the plant. In


the aircraft industry


and shipbuilding, the value of


work done in a given year varies considerably from the


of shipments


because


of the long lead


between the input of the materials and labor and the
shipments of the completed aircraft or ship. In the


annual


survey,


therefore,


the value


of work done


during the year is requested rather than the value of
shipments.

The value of shipments figures developed from the
ASM contain duplication at the all manufacturing and


industry


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

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

Most of the reporting units include mixed industry
activity even within the broad industry categories of
the monthly survey. The survey methodology assumes


that the month-to-month


units classified in


effectively


changes of


each industry


the month-to-month


reporting


category represent


movements


of the


establishments in the SIC industries which make up the
category. Thus, the monthly reports are used to update
the ASM estimates bv usin2 a link relative of matched


group


industries are


within


the products


as materials by


the industry


group.


of some


other industries


the exception


motor vehicles, it is not significant at the 4-digit SIC
group level. Since the M3-1 industry categories
typically are groupings of industries, this duplication is
significant for the all manufacturing, durable goods and
nondurable goods categories and the various market
groups. The significance of the duplication within the
specific M3-1 industry groups varies depending on the
4-digit industry composition of these groups. It is most
pronounced in a few highly integrated industry areas
such as primary metals and motor vehicles and parts.


Since


most


monthly


reports


are for the entire


company or major divisions rather than establishments,
the companies are requested to report net sales, i.e.,
total company billings after discounts and allowances.
Companies which file divisional reports are requested
to treat transfers from one division of the company to
another as if they were net sales to outside customers.
Although this definition of shipments in the monthly
reports differs from that used in the annual establish-
ment reports, it is assumed that the month-to-month
changes in company sales in the industry are represen-
tative of the month-to-month shipments of the estab-
libhments in the industry.






UNIVERSITY OF FLORIDA

I 3IllIIlIIIf 1262 08589 ii f0IIIIIilIII
ffI I3 1262 08589 4660


feasible; otherwise,


"at book values.


" Since different


also include


the net sales value of contract change


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-


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


gates.


if the


parties are in


substantial


agreement


on the


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


amount; otherwise, only the funds specifically author-
ized to be expended are included. The respondent is


instructed


to deduct


the sales value


of partial


complete cancellation of existing orders.

Unfilled orders include orders as defined above that


durable


and nondurable goods sectors, it should be


not yet passed


through


the sales


account.


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


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.


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


While both new orders and unfilled orders are used


in reviewing


individual company


reports for consis-


different


inventory


categories in


aggregate


tency, only unfilled orders are estimated directly in the


tistics.


tabulated


totals.


New orders are


derived


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


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


Shipments


and unfilled


orders


are seasonally


tions during the month.


They include orders received


adjusted


independently.


Seasonally


adjusted


during the period and also filled during the period as
well as those orders received for future delivery. They


orders are derived from seasonally adjusted shipments
and seasonally adjusted unfilled orders.


new