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:
March 1976
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:
AA00008477:00093

Related Items

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

Full Text
63


15%


Vh~


- I V


-' CURRENT I



Manufactur
Inventor


INDUSTRIAL REPORTS



ers' Shipments,
ies, and Orders


March 1976


FOR RELEASE: April 30,1976 2: 0 0 P.. RIES: M3-3 3
William Menth __________________


67 3-2502


* S


New orders for durable goods rose


6.7 percent
Department


in March,


the Bureau


of Commerce, reported today.


$3,015 million or $1,746
of the Census, halanre


This in-


crease from $45,017 million in February to $48,032
million is the largest percentage increase since the 7.3
percent increase reported in April, 1975. Most of the
increase was reported in the aircraft and parts industry


where new orders rose from $1,737


million in Febru-


ary to $2,800 million in March-an increase of $1,063
million or 61.2 percent. Nearly all other durable goods
industries also reported increases with Primary Metals
showing the second largest increase this month-9.8


percent or $655 million to $7,333


non-durable


goods


industries


million. Since most


do not have


unfilled


orders, the new orders for non-durable goods prelim-
inary reflect the small increase in sales. The new orders
for all manufactured products increased 3.5 percent or
$3,123 million to $93,366 million.

Since the new orders received exceeded shipments
unfilled orders increased 0.5 percent or $586 million in
March to $119,493 million. With the exception of an


$80 million increase in July


, 1975, this is the first


increase in the unfilled orders backlog since this series
began to decline 17' months ago. Since September,
1974, when unfilled orders were reported at $143,124
million unfilled orders have declined $24,217 million


or 16.9 percent with an average


decline exceeding


$1,400 million or 1.0 percent each month. The March
increase in unfilled orders is shown predominantly in
the aircraft and parts industry (increasing $670 million
or 3.4 percent to $20,439 million) the motor vehicle


and parts industry (increasing 9.6 percent to


$3,553


million) and the primary metals industries (increasing
$205 million or 1.5 percent to $14,022 million). Un-
filled orders for non-durable goods remained virtually
unchanged at $5,384 million.


d


durable


million to $47,446 mi
by a small increase in


goods


$45,336 million.


of 0.3


percent


C


shipiieft's 6f n
)r $124 million


The increase in durable goods was


largely due to a 10.7 percent or $815 million increase
in motor vehicle and parts and a 4.8 percent or $170
million increase in primary metals. Most non-durable
goods industries showed little change from February
with a 2.9 percent or $237 million increase in chemi-


cals being offset


by a 3.1


percent or $184 million


decrease in petroleum and coal products.
Inventories held by manufacturers increased 0.5 per-
cent or $762 million to $148,090 million. The increase


was evenly


which i
$96,038
which i
$52,052


divided between durable goods industries


increased
million
increased
million.


U.4 percent or
and non-durable


).8 percent
Approximately


$342
goods


or $420 m
yv one-third


million


industries


million


of the


durable goods increase was the shipbuilding and rail-
road industries with most other durable goods manu-
facturers showing smaller increases. Inventories held by
apparel manufacturers and petroleum and coal prod-
ucts manufacturers accounted for over half the non-
durable goods increase.
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 durable goods for April is
scheduled for release on May 21, 1976 and the full
report is scheduled for release on June 2, 1976.


Shipments of all manufactured products increased
2.1 percent or $1,870 million to $92,782 million. The
n na n f A-Af .*j ai-r bLi a a f~-.4, nI n ~.*w. bA hn 4 a at 1 0 a a 4 a ,--


This report


contains


on an


unadjusted and


seasonally adjusted basis. However, the data are not
adjusted for price changes. For an explanation of terms
I .5 -- -- -. -


ion-


1











OF MANUFACTURERS' SHIPMENTS, INVENTORIES,


Millions of dollars)


Shipments


Indust ri


group


All manufacturing
tries:


indus-


Total w .... ..... .....
Total, xc luding trans-
port at ion...,.....,...


Durable


SI 0110,


goods


industries,


total.


clay, and glass products.


Primary metals, total ....... .
Blast fuimaces, steel mills.
Xn ferrous metals...........


All other


primary metals...


Fabricated metal produ. ts
tot l ..................... .
Metal cans, barrels, and
drums . .. ... .

Machinery, except electrical,
total............ .... .......
Engines and turbines........
Farm machinery and equipment.
Cost ruction, minling, and
material handling equipment.
Metalworking machinery ......
General industrial machinery
Electrical machinery, total...
Electrical transmission and
distribution equipment and
industrial apparatus.......
IHousehold appliances........
Radio and TV................


Communication


Transportation equipment,


Motor vehicles


total


and parts....


Aircraft, missiles, and
parts .................... ..
Shipbuilding and railroad
equipment..................

Instruments and related
products, total..............
Scientific and engineering.,.
All other instruments and
related products...........

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


Nondurable
total...-- -


goods industries,


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


Industrial chemcials,
pigments............


Drugs,


soap, and toil


Petroleum and coal prod
Rubber and plastics pro


except

etrles.

ucts...
ducts,


5'


92,782

81,049

47 ,446


90,912

79,966

45,700


2 ,392


5,941


4,751


45,336


8,294


7 2 1


5,735


S ,22 I


4,715


45.212


5A72

:-~ 17~


89,276

79,008

44.570

2.329


5.621


2,005


4,525


44,706


7,931


5,818

2 n


Without


seasonal


adjustment'


95,892

83,840

49,325


2,483


6,060


2,212


46,567


5,757

S? o


91,827

80,591

46.129

2,209


5.n63


2,241


45,698


8,239


6,132

2 10i


80.283

71.221

40.901


1.997


4.783


2,280


3,911


39,382


7.011


4.875

1 QlA


Total inventories


148,090

126,604

96,038


3,588


10,955


12,025


8,325


52,052


11,067


147.328

125,986

95.696


3.576


10,958


12,072

2.537


8.149


51,632


11,039


4,378

t nl A


147,030

125,917

95.664


3,632


11.011


11,938

2,547


1.888


8,011


51,366


11,037


4,321

A n


Without seasonal
adjustment'


148,857 148,093 151,930


127,208

96,629


10,947


21,649
6,236

12,136


52,228


11,222


4 I ,.


126,624

96,039


3.660


10.842


12,080

2,494


1.824


8,236


52.054


11,232


4.302

A C70


130,649

100,482

3.906

13,472
6.934
4.722
1.816


12,077

1,234


22,592
1,958
2.232

4,880
1,899
1,996
14,337


3,207
1,259
1.071
4,265

21,281
6,366

11,370

2.705


4.145
2.099

2,046


8,672


51,448


11.,020


4.112

a I /r


< r i s u










, INVENTORIES, AND ORDERS, BY INDUSTRY GROUP--Continued


Millions


of dollars


Industry group


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


Total, excluding
portation......


Durable g

Primary


oods


industries


trans-


, total.


netals,


Blast furnaces


Nonferrous


total.........

. steel mills.


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


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

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

Aircraft, missiles, and
parts....**....a... e ... *
Shipbuilding and railroad
equipment..................

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

ondurable goods industries,
total..........................

Industries with unfilled
Inorders....................... ithut filed
Industries without unfilled
orders..............*.........


New orders


Unfilled


orders


Without seasonal Without seasonal
Seasonally adjusted adjustment Seasonally adjusted adjUStment
adjustment3 adjustment1


7.333


6.068


10.711

34,515


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


119,493

87,757

114,109

14,022

9,406
2,763

16.952


24,064

6,676

5,242
1,588
3,287

18,922



5,395
124
474
7,225


31,736


118,907

88.008

113.524

13,817


88,375

114.209

13,920


120,651

88,751

115,168

14,618

9,745
2,976

17,029


24.281

6,693

5,279
1,566
3,388

18,847.



5,413
134
452
7,206


31,900


20,307

7,946


8,493


5,483,


5,483


119.636

88.472

114,212

14,178

9.512
2,734

17,234


24,587

6.700

5,458
1,571
3,420

18,710



5.378


31,164


19,805

8,008


8.339


5.424


5.424


129.349

96,037

125.590

17,362


- Represents


~Preliminary.


Revised.


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









AND ORDERS, FOR MARKET CATEGORIES AND SIPPLfEENTARY SERIES


'Mill ions


uf did lars


Without se~isona1
adwsfltent


Without seasonal
adjustment


I 2du5 t rv g r>up


Total


1 flV OP I r 1 e S


All manufacturing


)DurabIle goods indiius t es ,


indus trri ,


total. ,


' 92,782


t tal .......... .


gioods industries tot al........ .


UIUA I'. r
cat egol' ins


arranged by mark 't


H {m1 goKds and apparel ....................
ronrurnr staple's...........................
Equ ip nt and defense products. R<1cept
automot ive .u -.p t . .
Automor. ive qui pmenit., .. ....... ..
(onstruct ion materials, suppi ns, and
intermtdlate prodiucts...... ........ ..
Other mater ials ,iand supply cs and
int 'rmned ate products....... .. ... ...


37,771


Supplrmentarv snrlet 2
Household durable goods industries....... 3,577
Capital goods industries ........... .... 13,322
Nondefense. ......... .................... 11,457
DI)efense........................ .. ..... 1 ,865




All manufacturing industries, total,. 93,366

Durable goods industries total .... ........ 48,032
Nordurable gods industries, total......... 45,334

Industry groups arranged by market

Homie goods and apparel. .................. 8,254
Consumer staples......................... 17,933
Equipment and defense products, exropt
automot ive......................... ...... 11,486
Automot ive equipment ..................... 10.066
Construction materials, supplies. ,iand
intermediate products................... 6,.780
Other materials and supplies and
intermediate products.................... 38,847

Supplementary series 2
HousoholId durable goods industries....... 3,616
Capital goods industrxes................. 13,663
N ndetense............................ 11,003
Defense .......................... ..... 2,660


90,912


8.345
17.717

11.716
8.849

7.052

37.233


89,276


95,892


91.827

46, 129
45.698


80.283


148,090

96,038
52,052


,147,328


12,840
19.527


S11.513
, 8.262


6.595

38.069


36.570


37,706


5,507 12,673


32,907


57,273


3,723 3,649 3,049 6,449
14,015 13,466 13,147 42,351
12,163 11.630 11.443 34,293
1,852 1,836 1,704 8,058


Ne" orders


90,243


6.938


37,086


88,190

4 3.,284
44.906


6,755

36.152


- During 196 manufacturers in ordnance, omnun cat ions lS a r ricraft


96,909


12,605

57,079


147,030


148,857

96,629
S52,229


151,930

100,482
51.448


13,138
19.583


12,704

56.944


12.899

57.446


6,212
42,310


8,062


ill


92,040

46,L81
45,859


8,666 8.467
18,162 17,616

12,150 11.761
10.306 9.062

6.946 6.489


40,679


38,645


77.343


119,493


114,109
5,384


2,49


59,482


5,530 15.345


30,945


and aircraft parts, and


42,237


25,772


118,907

113.524
5,383


59.498


15,901

41,161


1,668
66,879
41,902
24,977


119,576

114,209
5,367


2,421


59.831


16,016

41.308


1.720
67.465
42,415
25,050


shipbuild ing industries


12.711

57,166


13,229

58,023


ed orders


120,651

115,168
5,483




: 2,385


59,862

15,400

43,004|


119.636

114,212
S5.424


59,937


15.749

41,633


685 1,643
546 67,261
759 42,042
787 25,219


began to


provide


129,349

125,590
3,759


2,016


63,615


17.322

46.396


1.462
72,679
47,683
24,996

aggre-


e f igur> on


jments


orders, and total inventories of aork


p,?rf rmred fo r the


DIpartrmnt of Defrnse.


The results of these reports are


IThe defense series.


var i ,~ t i OTiS


PPrcl 'n0nary.


unf killed orders and inventors avs of


Lfovisend.
end >f nonth.


'Shipments and nex orders


adjusted for trading-day and calendar-month


2The supplementary series are regroup ngs of the


separate industry


C> 1 &gflr 105 aS


0 11 ows


Household durable goods industries Household furniture: kitchen art c iles and


pot tery: cutlery,


handtools,


and hardware;:


household


,ippl i ainc.s ; ophthalmic g"ood^


*a-h^sa, and clock's: and miscellaneous peraonial go

Cap tal goods industries The capital goads industry es series is omip;rbloe to the prevl~ous


Producers


Capit at


Goods and the Defense


old series


cat zorus.


Nonde ens e products Machinery, except electicil 1


ex cluding


Iarm machinery and equipment and machine shops electrical machinery


n'ecl uding household appi ijnces and electronic components and the nondefense p rtions of shipbuilding and repa i ring and railroad


equipment communicnat ion equipment alrcrarfl and ai re raft parts,


and ordnance.


Defense product s


- Based on separate reports on defense work tiled by large defense contractors in the following industries.


ordnance,


crrnnunicati"ns ~ ~~~,*craft and aircraft iarts and shipbulfltng.


The data are comparable to those published annually in the MA-175,


Shipments of Defense-Orlented Industries, for The specifiled Industries.


7.020











Table 3.--MANUFACTURERS SHIPMENTS, INVENTORIES, AND ORDERS MONTH-TO-MONTH AND


(Based on seasonally adjusted data)


Table 4.--VALUE OF


MANUFACTURERS'


INVEN7ORIES,


BY STAGE OF FABRICATION, BY INDUSTRY GROUP


p
)lillions


of dollars)


Without seasonal Without seasonal
Seasonally adjusted Seasonally adjusted
adjustment adjustment
Industry group ---
Mar. Feb. Jan. Mar. Feb. Mar. Mar. Feb. Jan. Mar. Feb. Mar.
1976 1976r 1976 1976 1976r 1975 1976p 1976r 1976 1976p 1976r 1975

Total Materials and supplies

All manufacturing industries, total. 148,090 147,328 147,030 148,857 148,093 151,930 51,629 51,170 51,068 51,434 51,144 54,256
Durable goods industries, total........... 96,038 95,696 95,664 96,629 96,039 100,482 31,402 31,148 31,176 30,987 30,850 33,883
Stone, clay, and glass products,......... 3,588 3,576 3,632 3,705 3,660 3,906 1,389 1,354 1,333 1,397 1,358 1,465
Primary metals........................... 14,016 13,924 13,903 14,104 14,081 13,472 6,524 6,438 6,384 6,328 6,368 6,054
Machinery electrical and nonelectrical:. 33,915 33,957 34,144 34,087 33,993 36,929 10,105 10,081 10,200 10,089 10,051 11,53S
Transportation equipment................. 21,486 21,342 21,113 21,649 21,469 21,281 4,593 4,565 4,484 4,623 4,551 4,830
All other durable goods industries....... 23,033 22,897 22,872 23,084 22,836 24,894 8,791 8,710 8,775 8,550 8,522 9,99E
Nondurable goods industries, total......... 52,052 51,632 51,366 52,228 52,054 51,448 20,227 20,022 19,892 20,447 20,294 20,373
Chemicals and allied products............ 11,067 11,039 11,037 11,222 11,232 11,020 4,295 4,285 4,327 4,339 4,303 4,485
Petroleum and coal products............ 4,492 4,378 4,321 4,394 4,302 4,112 1,218 1,159 1,148 1,196 1,156 1,031
Rubber and plastics products, n.e.c...... 3,059 3,036 3,053 3,124 3,079 3,240 1,080 1,047 1,064 1,064 1,032 1,126
All other nondurable goods industries.... 33,434 33,179 32,955 33,488 33,441 33,076 13,634 13,531 13,353 13,848 13,803 13,731

Work in process Finished goods

All manufacturing industries, total.. 48,653 48,710 48,609 49,058 48,930 49,393 47,808 47,448 47,353 48,365 48,019 48,281
Durable goods industries, total............ 40,751 40,805 40,779 41,148 41,029 41,921 23,885 23,743 23,709 24,494 24,160 24,678
Stone, clay, and glass products......... 495 510 504 535 522 537 1,704 1,712 1,795 1,773 1,780 1,904
Primary metals........................... 4.281 4,278 4,278 4,395 4,386 4,152 3,211 3,208 3,241 3,381 3,327 3,266
Machinery ?electrical and nonelectrical). 14,338 14,438 14,572 14,403 14,473 15,598 9,472 9,438 9,372 9,595 9,469 9,793
Transportation equipment................ 14,958 14,875 14,695 15,076 14,936 14,532 1,935 1,902 1,934 1,950 1,982 1,919
All other durable goods industries....... 6,679 6,704 6,730 6,739 6,712 7,102 7,563 7,483 7,367 7,795 7,602 7,796
Nondurable goods industries, total......... 7,902 7,905 7,830 7,910 7,901 7,472 23,923 23,705 23,644 23,871 23,859 23,603
Chemicals and allied products............ 1,787 1,760 1,782 1,808 1,783 1,715 4,985 4,994 4,928 5,075 5,146 4,820
Petroleum and coal products.............. 1,204 1,174 1,151 1,198 1,147 1,088 2,070 2,045 2,022 2,000 1,999 1,993
Rubber and plastics products, n.e.c...... 493 506 502 495 506 521 1,486 1,483 1,487 1,565 1,541 1,593
All other nondurable goods industries.... 4,418 4,465 4,395 4,409 4,465 4,148 15,382 15,183 15,207 15,231 15,173 15,197


~PreIiininary.











Table 5.--RATIO OF MANUFACTURERS INVENTORIES TO SHIPMENTS AND UNFILLED ORDERS TO SHIPMENTS, BY INDUSTRY GROUP


(Based


on seasonally adjusted data


shipmnts atioUnfilled orders shipments ratiot
Inventories shipments ratio
(months backlog'
Industry group
Mar. Feb. Jan. Mar. Mar. Feb. Jan. Mar.
1976 1976r 1976 1975 1976p 1976r 1976 1975


All manufacturing industries,

Durable goods industries, total....


total.


clay, and glass products.


* 4~* *4* 4*****~

* 4*~**#** 4

* 4~**~~~~ .


Primary metals .... .. .. ...... ............ ...
Fabr elated metals..................... ...................
Machinery, except electric l1.............................
Electrical machinery........ ............................
Transport nation equipment.... .... .. .. .0.. ........
Instruments and related products..... ....................


Nondurpble goods industries, total


Food and kindred products.....
Tobacco products..............
Textile mill products.........
Paper and allied products.....
Chemicals and allied products.
Petroleum and coal products...
Rubber and plastics products,


* .* 4 ** .- .*~ *' 4,4"
* *I* 4 *<* *~ 444* I ** <

* ................................. I*
* .4* *.......... **.................
.. . .
n.e.c.......................


'NA Not available.


~Prcliminory.


Iftevised.


'Fxcludes 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; petroleum and coal products; and
rubber and plastics products, n.e.c.


St ore,


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,


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.


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


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


the aircraft industry


and shipbuilding, the value of


work done in a given year varies considerably from the


of shipments


because


of the long lead


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


annual


survey,


therefore,


the value


of work done


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

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


industry


group


levels


the products


of some


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


units classified in each industry


effectively


the month-to-month


of the reporting


category
movement


represent
s 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.


industries are


wiThin


used as


the industry


materials by other industries


group.


the exception


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


Since


most


monthly


reports


are for the entire


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





UNIVERSITY OF FLORIDA
i3 1II III1 II 20llt 94 3 1262 08589 4698


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 above that
have not yet passed through the sales account.
Generally, unfilled orders at the end of the reporting
period are equal to unfilled orders at the beginning of
the period plus net new orders received less net sales.

While both new orders and unfilled orders are used
in reviewing individual company reports for consis-
tency, only unfilled orders are estimated directly in the
tabulated totals. New orders are derived from the
shipments plus net change in unfilled orders for each
industry category. This procedure is followed for
seasonally adjusted data as well as for the unadjusted
data. Shipments and unfilled orders are seasonally
adjusted independently. Seasonally adjusted new
orders are derived from seasonally adjusted shipments
and seasonally adjusted unfilled orders.