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:
April 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:
AA00008477:00094

Related Items

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

Full Text
15?


(in)^


CURRENT


NDUS


Manufacturers'

Inventories.


4


TRIAL REPORTS


Shipments,

and Orders


April


1976


FOR RELEASE: June


P.M.


SERIES: M3-1(76)-4


William Menth


763-2502
All figures in text below ai

New orders received by manufacturing companies
during April rose 1.1 percent or $1,022 million over
March to $94,411 million, the Bureau of the Census,
Department of Commerce, reported today. Durable
goods industries were virtually unchanged at $48,119


million in April compared to $47


million in March.


Non-durable goods industries rose by 1.8 percent or
$798 million to $46,292 million with the largest in-
creases in paper and allied products and foods. Several
durable goods industries recorded increases: electrical
machinery rose 6.0 percent or $367 million to $6,463
million, shipbuilding and railroad equipment rose $631
million to $1,062 million, over a 100 percent increase,
and nonelectrical machinery rose 4.4 percent or $336


million


metals showed
to $10,695
little to no c
of fabrication
materials and
from March.

Shipments
percent or $1,


goods
million


ted current dollaf L.

ase to $7,9a mion and fabric
d a 2.3 perch $247 million decree
million. M er industries show |
change from ar h. Inventories by sta
(finished pr ftc work-in-process,
supplies) also d little or no cl/

of all manufacturing e 1.1
066 million to $94,116 million. Durable


industries


recorded


a 1.0


percent


or $477


increase to $48,023 million and nondurable


goods industries recorded a 1.3 percent or $589 million


increase


to $46,093


million.


Electrical


machinery


million to $7,986 million.


Offsetting decreases were


recorded by aircraft and parts, declining 34.7 percent
or $955 million to $1,800 million (last month this


manufacturers reported a 5.0 percent or $302 million
increase to $6,304 million and aircraft and parts manu-


facturers reported a


7.0 percent or $150 million in-


industry rose 62.5 percent or $1,060 million to


$2,755


million), and blast furnaces, declining 5.1 percent or
$195 million to $3,635 million. Non-defense capital
goods manufacturers reported a 4.4 percent or $485
million increase to $11,469 million.

Unfilled orders for all manufactured products are
$119,384 million in April, virtually unchanged from
the $119,093 million reported in March. Most in-
dustries reported little or no change with some excep-


tons:


shipbuilding


and railroad


equipment


manu-


facturers reported an increase of 6.1 percent or $472
million to $8,207 million and aircraft and parts manu-
facturers reported at 2.5 percent or $498 million de-
crease to $19,727 million.


crease to $2,298 million. All other durable goods in-
dustries showed smaller changes from the March levels.


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 May


is scheduled


for release on June 21,


1976 and the


full report is schedule for release on June 30, 1976.


Inventories at the end of April held by all manu-
facturing companies are $148,219 million, unchanged
from the $148,150 million reported at the end of
March. Blast furnaces showed a 1.9 percent or $147


This report contains data


seasonally


adjusted


on an unadjusted and


However, the data are not


adjusted for price changes. For an explanation of terms
used in this report see appendix following table 5.


e in seasonally adjus











Table 1.--VALUE


AND ORDERS, BY INDUSTRY GROUP


SHIPMENTS,

(Millions of


dollars)


Industry


group


All manufacturing


indus-


tries:
Total...................
Total, excluding trans-
portation..............


Durable


goods industries,


total.


Stone,-elay, and &lass products.


metals,


A ast


rrous metal


,





.3
A
44


All other primary


Fabricated metal produce t \
total---..........-.-..... ,
Metal cans, barrels, and
drums.................... .

Machinery, except electrical
total......... .. .. ....9....4.
Engines and turbines.......
4Farm machinery and equipment.
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................
Comnmunication equipment....


Transportation equipment,


total


Motor vehicles 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 goods industries,
total......................... .

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

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

Paper and allied products,
total......, ., 9.......
Pulp, paper, etc............
Paperboard containers.......
All other paper containers..

Chemicals and allied products,
total. .o....... .. .... ......
Industrial chemcials, except
pigments..................


Drugs,


soap, and toiletries.


Petroleum and coal products,,,


~tota % .....


Shipments


Total inventories


Without seasonal Without seasonal
Seasonally adjusted adjUStment Seasonally adjusted adjustment
~adjustments adj ustment *


1,568
499
849
5,878


1,222
920
469
1,284

10,946
7,597

2,221

576


1,531
781

750


4,715


45,212


14,362
3,097
1,151

635
3,295


3,911
1,813
886
1,212


8,057

2,645
2,111

5,972


96,180

84,207

49,439

2,467

7,602
3,999
2.370
1,233


6,020

566


8,725
804
1.037

1,714
596
907
6.175


1,272
953
476
1,342

11,973
8.511

2,232

582


1,572
848

724


4,905


46,741


14,596
3,065
1,201

659
3,521


3,933
1,849
898
1,186,


8,740

2,892
2,276

5,833


81,827

72,446

42,112

2,217

6,689
3,545
1,964
1,180


5,183

581


7,789
526
966

1,715
560
775
5,299


1,091
725
354
1,378

9,381
6,166

2,049

609


1,373
729

644


4,181


39,715


13,535
2,717
1,278

585
2,446


3.185
1,423
775
987


7,183

2,324
1,915

4,982


148,219

126.698

96,126

3,555

14,208
7,980
4,703
1.525


10,695

905


20,875
1,808
1,815

4.944
1,614
1,957
13,251


2.857
1,185
990
4,086

21,521
6,197

11.995

2,648


3,720
1,944

1,776


8,301


52,093


11,858
1,333
983

3.326
4,677


4,7 i8
1,769
1.276
1,693


11.145

3,080
3,667

4,284


148,150

126,658

96,193

3.535

14,035
7,833
4,664
1,538


10,942

936


20,901
1.759
1,825

4,966
1,620
1,986
13,222


2,844
1, L76
1,045
4,053

21,492
6,149

12,008

2,650


3,744
1,965

1,779


8,322


51,957


11,846
1,316
939

3,360
4,658


4,738
1,808
1,246
1,684


11,138

3,088
3,709

4,388


114,328

125,986

95,696

3,576

13,924
7,764
4,653
1,507


10,958

896


20,821
1,753
1,846

4,919
1,656
1,971
13,136


2,836
1,088
1,020
4,091

21.342
6,083

12,072

2,537


3,790
1,948

1,842


8,149


51,632


11,774
1,296
923


4,686
1,788
1,234
1,664


11,039

3,001
3,692

4,378


149,360

127.727

96,984

3.694

14,221
7,932
4,736
1,553


10,799

919


21,083
1,805
1,855

4,993
1,622
2,000
13.396


2,886
1,211
1.025
4,115

21.633
6,203

12,075

2,648


3,795
1,969

1,826


8.363


52,376


11.655
1.384
1.014

3,415
4,803


4.786
1,785
1.281
1.720


11,256

3.086
3,700

4.191


148,928

127,270

96,785

3,650

14,123
7,848
4,725
1,550


10,934

929


21,082
1,761
1,907

5,025
1,622
2,014
13,213


2,862
1,169
985
4,110

21,658
6,247

12,119

2,574


3,755
1,967

1,788


8,370


52,143


11.697
1,340
992

3,532
4, 763


4,724
1,810
1,242
1,672


11,298

3,103
3,716

4,292


151,351

129,901

100,729

3,922

13,794
7,191
4,798
1,805


12,002

1,204


22,700
1,984
2,174

4,968
1,903
2,032
14,240


3,157
1,251
1,067
4,252

21.450
6,303

11,597

2,776


4,128
2,066

2,062


8,493


50,622


11,265
1,224
836

3,119
4,382


4,785
1,792
1,304
1,689


11,034

3.023
3,789

4,065


g


I


fonie











OF MANUFACTURERS'


:Millions


of dollars)


Industry


group


All manufacturing
tries:


indus-


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


Durable


goods industries,


Primary metals, total..


total.

*......


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


Fabricated


metal products.....


Machinery, except electrical,


total....

Engines


...and turbines........
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, and


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


orders


Without seasonal Without seasonal
Seasonally adjusted adjustment Seasonally dusted tment,
~adjustment' adjustment


94,411


6.463


1976


47,895


12,405


2, 755

431


8,828


45,494


10,648

34,846


95,871

83,815

49,202

7,835


79,126

70,237

39,260

5,248

2,430
1,843

4,900


7,347

478

1,555
470
848

5,070



1,047
726
378
1,240


8,889


1,796

530


7,806


39,866


8,945

30,921


119,384

87,784

113,817

14,210


19,031


119,093

87,596

113,722

14,074

9,455
2,768

16,927


24,049


6,684


118,757

88,008

113,374

13,817


120,625

88,942

114,943

15.012


31,683


19,685

8.298


120.251

88,590

114, 782

14,672

9,796
2,981

17,004


24,265

6,701

5,295
1,558
1,395

18,797



5,416
133
443
7,179


31,661


20,094

7,954


8,383


5,469


5,469


- Represents zero.


~Prel"aminary.


Revised.


1Adjusted for trading-day and calendar-month variations.


2The aircraft, missiles,


unadjusted,


1,553; adjusted


and parts reflect revised unfilled and new orders


1,512, unfilled orders,


unadjusted,


20,195;


data reported by


aircraft


companies:


adjusted 20,145, February new orders,


January


unadjusted, 1,


new orders,
701, unfilled


orders unadjusted,


19,656.


All Manufacturing, new orders:


January unadjusted,


82,929;


adjusted 88,083. February unadjusted, 91,998.


adjusted 119,468; February unadjusted, 119,487.


126,643

93,823

122,734

15,929


19,406











AND ORDERS. FOR MARKET CATEGORIES AND SUPPLEMENTARY


Mi llions


of dollars


Industry group


A11l manufacturing


industries


total..


94,116


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


lndust~ gro
cat egol los


arranged


by market


Home goods and apparel .. .. .
Consumer staples............ ... ..........
EqlJipmFent and deflen products, exc-pt
auto iM lt ive... ..., .... ..... .. ...... ..
Automotive e u i pment .............. ,.
Cons truck t ionp materials, suppies C nd
intermediate products...................
Other materials and supplins and
intermediate products...................

Supplementary series -
Household durable goods industries......
Capital goods indust tries. ................
Nondefense. ... ..... ... .................
Defense. ...............................


38,113


93,050


7,298


37,910


Without seasonal
adjustment 1


Shipments


90,912


95,505


7.052 7,568


37,233


39,182


96,180 81,827

49,439 42,1121
46,741 39,715



8, 790 6,819
18,093 16,406

12,672 11,644
9,923 7,394

7,255 6,150

39,447 33,414


3,871 3,051
14,077 12,822
12,205 11,090|
1,872 1,732|


148,2191148,150


12,457

57,295


12,603

57,160


6,456


hout seasonal
adjus tmtmnt


Tota l inventories


147,328

95,696
51.632


149,3601148,928


96,984;
52,376,
1


12,840 13,
19,527 19,

37,695 38,
7,582 7,

12,605 12,

57,079 57,


6,253 6,
42,350 42,
34,505 34,
7,845 8,


704,
462

113
769

687.

625


12,827

57,344


151,351

100,729
50,622


13,161

57,999


6.938
44,284


Ne* orders


AllI manufact during industries,


total .


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

Industry groups arranged by market
categories
Homie goods und apparel....... ............
Consumer staples........ .................
Equipment and defense products, except
automotive .. ... .... ............. .
Automotive equipment, ..... ....... ..... .,


Cons truction


94,411


93,389

47,895
45,494


18,222

12,381
9,655


materials, supplies, and


intermediate products...................
Other materials and supplies and
intermediate produ ts...................

Supplementary series --'
Household durable goods indust r es.......
Capital goods industries .. .... .. ........
N'idefenfse .. .... .. ....... ...........
Defense. ...............................


SDu r 1 ng
gate figure
included in
v-aii t ons ;


38,363


6,719

38,907


90,201


95,871


6,938 ?,392


37,086


39,665


196B manufacturers in ordnance, connunir't ionns, aircraft and ai
> on shipments, orders, and total inenit

the
U 0 1


defense series.


killed


PPrel Imin ary.


svders and ~ n~


"'Rev is td.
cad of nonth.


96,943


6,883

40.733


79,126


119,384

113,817
5,567


119,0

113,7
5,3


2,426 2,4


59,508


5,948 15,049


31,603


rcraft parts. and s
for the Department


42,401


Unfi lled orders


93 118,757 120,625

22 113,374 114,943
71 5,383 5,682




.17 2,347 2,368


59,199


15,322

42,155


hipbuilding
of Defense.


59,348


15,901

41,161


59,650


15,201

43,406


24,827


industriies


The rsul Is


began t ~?'


'Shipments and new orders adjusted for trading-day and
T2 rho Supplon entry series are retgroupings oI the shpe r


120,251

114,782
S5,469


2,373


59,579


15,377

42,922


25.5911

pn~v ide


126,643

122,734
3,909


2,076


62,866


17,121


aggre-


of thes-e repoi ts arc


i ndus i ry


cate+gries ais follows


Hi u behold durable goods industries Hiousehold furn ture; k i tchen article es and pottery:


appliances: ophthalmic goods, "atehes, and clocks ; an
Capital goods industries The capital goods industries


cutlery,


d miscellaneous personal goods.
series is comparablee to the previous


hnndtools *


Producers


and ba1nl'~ ire.


Capital


Goods antd


h us eh old

the Defense


Products


'old series


categories,


Nondefensse products MNachinery, ex cepT elt ctric' l


excludi ng farm machinery and equipment


and machine shops clectritnl machinery


ec lluding household appliances and electronic components and t he noindefense port ions of shipbuild ing and r>pairing and rai lroiad


comtrunicat inn equipment ,


aircraft and aircraft parts, and *rdnalnce.


Defense product< Based


on seplrate reports on defense work led


communications, aircraft and aircraft parts, and shipbuilding.


by large defense contractors in the following industries


The data are comparable to


those publihod ,annually in the


ordnance,
tA-175.


Shipments of Delfense-Oriented


Industries, !or the specified indus tries.


3The market categories and supplementary series data reflect revised unfilled and new orders data


and Defense


Products, except automotive:


unfilled orders, unadjusted 60,065,


11,265,
67, 112.
25,192,


adjusted
Defense:


11,741, February, u


January new orders,


adjusted 24,942, February,


January new orders,


adjusted, 59,723,
adjustedd 12,965.


unadjusted 1,336,
adjusted 25,070.


unadjusted 10,188, adjusted 10,581,


February unadjusted


January


59,788.


unfilled orders,


Capital


unadjusted


Goods I


67,609,


adjusted 1,390, February unadjusted, 1,712.


reported by aircraft companies:
February unadjusted, 11,719, Ja
ndustraes: January new orders,


adjusted 67,357,


February,


Equipment
nuary
unadjusted


unadjusted


January unfilled orders, unadjusted












Table 3.---MANUFACTURERS* SHIPMENTS, INVENTORIES, AND ORDERS MONTH-TO-MONTH AND LONG TERM PERCENT CHANGES

(Based on seasonally adjusted data)


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

3 months 12 months
Itm and industry group
Mar.- Feb.- Jan.- Average Average
Apr. 1976 Mar. 1976 Feb. 1976 Jan.- Oct. 1975- July- Apr. 1975- rise decline
Apr. 1976 Jan. 1976 Oct. 1975 Apr. 1976


Shipments:
All manufacturing industry ies.,


Durable goods industries,


total.


Nondurable goods 2ndust res, tot


Total inventories:
All malnu tacturin


New orders:
All manufacturing industries..


Durable goods industries,


total.


Nondurable goods industries, total.

Unfilled orders:
Durable goods industries, total....


+1.1I


+0.0


+O~5
~1.8


*0. I


*0.2


+1.8


+0.3


Table 4---VAIUE


OF MANUFACTURERS'


INVEN2TOR1 ES,


BY STAGE OF FABRICATION, BY INDUSTRY GROUP


(M111 ions


of dollars


All other nondurable goods industries.


PPreliminary,
rTRevised.


-0.3


-1.2













T;ble 5.--RATIO OF MANUFACT-RERS INVENTORIES TO SHIPIIENTS AND UNFILLED ORDERS TO SHIPMENTS, BY INDUSTRY GROUP

(Bascd on seasonally adjusted data


Indus try group


All manufant urging i

Durable pgo^'s Jduvtir tl


tN al


ami gl~s
*
a Is..
e1\ci2t h in ci* V
I 0Th eq 1)1 JAb
,ind reI~I


NondurabI e geoc1~ inclust vies


Inveni ores sin


. tot l


and kin
co prod
I mill
and >l1


them ica
Petr1 ~um


and allied


and al prod~icts


{ubIv~r anti p1 a'~ tics pro~1uc I S


pments


Unfilled


orders


month


- shipments ratio*
s backlog


NA N t iavai I
iE>< lud(I( th


abic. Iminary. VNe~1aed
following iiidtistvies with rio unfilled


pl cable.
C cont ai ners


order


glass count ii ners ; metal cans,


barrels


and drums;


as t nil plast


rota t iOflS
1<5 T>T~C1V~C I


foods and related product s; tobacco
n. n 0.4<-


n; apparel and rela ted products; chemicals: petrol cum


and coal products; and










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,


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


each manufacturing establishment


provides


employment, payrolls, shipments, cost of materials,
capital expenditures, and inventories as well as other


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


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.


annual


survey,


therefore,


the value


of work


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


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.


industries are


within


used as


the industry


materials by


group.


other industries


the exception


motor vehicles, it is not significant at the 4-digit SIC


group


Since


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


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


change


each industry


the month-to-month


s of the
category
movement


reporting
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 bv usinn a link relative of matched


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-
lishmentc in the induitrvy.




UNIVERSITY OF FLORIDA

IIIIIIIIIIIII 1262 f51 470h III
3 1262 08589 4708


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-


gates.


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


Inventories are reported by stage of fabrication: (a)
finished goods; (b) work in process; and (c) materials,


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


instructed


to deduct


the sales


of partial


supplies,


and other


inventories.


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


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.


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.


orders are


derived


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


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. SI
adjusted


shipments


and unfilled


independently.


orders are seasonally


Seasonally


adjusted


new


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.