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:
June 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:
AA00008477:00096

Related Items

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

Full Text


CURRENT


NDUS


Manufacturers'
Inventories,


TRIAL REPORTS



Shipments,
and Orders


June


1976


FOR RELEASE: August
William Menth
763-2502


2 IVtD&A
~~~A*kfl.


-1(76)-6


Manufactures reported significant increases in their ship
inventories and backlog ofunfilled orders as of the end S 14,
of June, while June shipments and new orders received
TI
were virtually unchanged from their May levels, the
from
Bureau of the Census, Department of Commerce, re- fum
ported today. June shipments were S94,028 million or s


compared to May shipments of $94,087 million, while


new orders


for these months were $95,501


in June and $95,494 million in May.


million


The 1.2 percent


or $1,472 million increase in backlog of unfilled orders
continues the upward trend which began in March.


nents declined $1
229 million.
\*
he pattern of chan
the advance rep
ace and steel mill in


million


million or 2.1 pe


urable goods is


increase


percent or $689 million decline in new order


decline in new orders followed a $1,351


ged
blast
Percent
a 13.8
s. This


million or


37.2 percent increase in new orders in May. Motor


vehicle and parts producers reported a $765


million or


9.6 percent increase in shipments to $8,774 million in


S8,009


million


in May.


Defense capital


The rise in total


inventories


of 1.2


percent


goods producers (which includes the defense related


$1,738 million to $150,777 million is the largest in-
crease since December 1974. The June increase follows
a limited rise in May (0.6 percent or 5918 million)
and results in a $2,627 million or 1.8 percent change


for the second


quarter.


The changes in inventories


reflect the trend of nearly all industries, both durable


and nondurable. Some


of the largest


inventory in-


portions of
and aircraft


dustries)


the communication


parts,


reported


shipbuilding


a $199


million


equipment, aircraft
and ordnance in-


or 10.3


percent


decline in shipments accompanied by a $680 million
or 32.9 percent increase in new orders. Nondefense-
capital goods producers reported an increase of $141
million or 1.2 percent in shipments to $11,807 million


creases include those in motor vehicles and parts ($221


and a S172 million or


1.5 percent increase in new


million


or 3.5


percent), blast furnaces and steel mills


orders to


1,836 million.


2.7 percent), petroleum and coal


products ($200 million or 4.6 percent) and chemicals
($159 million or 1.4 percent). All components of in-
ventories increased with the leading increase in finished
goods (1.5 percent or $701 million), followed by ma-


trials


and supplies


percent


and work-in-process (1.0 percent


or 5568


million)


or $469 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


considered


preliminary.


the estimates are also
figures will appear as


Changes in shipments and new orders varied con-
siderably among the industry groups. Durable goods
shipments rose $412 million or 0.9 percent to $48,733
million and new orders rose $623 million or 1.3 per-
cent to $50304 million. Nondurable goods shipments
declined by $471 million or 1.0 percent to $45,295
million and new orders declined by $616 million or


1.3 percent to $45,197 million.


The major decline in


historical data in the report to be published for next
month. The advance report on durable goods for July
is scheduled for release on August 20, 1976 and the
full report is scheduled for release on August 31, 1976.


report


contains


data on an unadjusted and


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


($220 million or


t












Table 1.--VALUE OF MANUFACTURERSS' SHIPMENTS, INVENTORIES, AND ORDERS

Millions of dollars


BY INDUSTRY GROUP


Indust ry grmup


All manutacturing
t nrs -


indus-


Totl ei ,.xc ud~ing trans-
pei^' -t ion .r^ ........-


i>urnjfle


S
g(iotls


industrts


tota1~


tonilay,' and glass products.


rn jars mit,,
-t,',t tun~


Il-, total...... ...
tic-s stee mills1 r 1 .


ntfl ri uls mretal>.o.........,
\ All theirr |ifnary metals-....


F, 'r 1 .ite.


t 1...... ........ .. .. *
* "J l f-lns, Ibaitr a t ': i
\tchlines ry, .'\ept lectr ic al,
Eotafl .. .... -. t .r.b. .. .
Eigin<< and turbine'-..... .
Si nm ma, hinery a nd equipment.
"n',t IruT( t ion, mining, and
mat rial handling equipment,
'4 Thal. rking mach inory ......
(-nrvrali ndn l r t Ial machinery'.


El,> Iv I(


mat Sint'ry, total...


Fit> I iii ,tl t rar~smisnou~ and
di t ii H itt t on t~ m pruent and
~ Iii >p~4$u1'>tU'm .


~difl At~4


IImmimor at ion quiprent> -. .

Transport t ion equipment, total


Mrtor tihi it-


and Farts...,


At nra3t rn i*sl 'es, and
p;3rt ^......... >>> > ,. ... .
Shlpbuil eq
I nstumemnts and related


products, total...


Sc ient llfi and engineering..
\11l other inst ruments and
teliated prorhicts....,...... .

All th r dtIrabl' go"d-
industr c ... .. .. ..... ...

S'nd rl bl[t' 8oods indtust tries,
tot Al ............. .... ........

Fo-d 2Ind kindred products,
Meat l1 ...... .... ......
w<'af pr'duc ts1.............. .
Faits -nd e t1-'. ... .. .. .. ... ^


Io>bat < prOduh ts .
T \tilc mill pflducts


P p4'r and all ied products,

Pulp, pvpE'r, t< ............
PI,; hC bia rd ontainers..... .
All t her paper vontan# rs..


Hf ~Td( al.
et ~1 .


Iih~sZ iaI


nd .al lied products,


' hinm< uals, Ixnept


piements... -,. .. ....-.... .
Erugs, soap, ard toilet rins

Prt EYl'tm and 1al productss. .


Shipments


Without seasonal
adjustment'


94 028

81 928

48 733

* 2,380

7? 743
4,089
2,472
1.182


b6,037

-97


8,024
-'84
755


1 665 .
i42
02
6,009


1,220~

8o2
47
1 264

12.100
8774


94.087

82.700

48.321


2 352


6,228


1 2~


2.191


770o


4,880


4; 2451



14, 29|
I-.229


3 121
1 287'

609W
3.293:


3.919
1.852
859
1 2283


7 84b

2.247
2,232

n, 186.


4,851


7.367


93.848

82.234

47. 741

2 374


8.077


>287


4.82b


4b. 107


b.084


99,294

8b.317

>2,316b


0,462


1.812 |
609
999
6,374


],320
9*0
540
1,.349

12,9821
9,431

2,273

61


6 38
849

80


1,104



40.978


14. 27
3,1^*3
1;313


b57
3,49b


-"..11lo
1,9tl
903
1,297


8, ,2p


798
2.239

b, 307


94,8b64

82.903

49, 363

2,448


8.331


2.252


-4-,, 501


8,


85,580

75.4)

43,785


2,321


5.248


2, m5


41 795


Total inventories


150.777

123,817

97.1476


10,556


1.814


2.903


11.795


8.458


53.301


11,373


149,039

127,391


14.442
8,186


10.638


21,a48
6,388

11.855

2,682


8,347


11.214


4,361


148.121

126.623

96,133


3,568


10,692


11.956

2,b619


1.780


8.307


51,988


11,088


4.290


Without seasonal
adjustment1


150,816

129,321

97,525


3,716


10.785


1,832


11.765

2,730


8.489


53.291


150,159

128,592

97,401


10.810


11.903

2,623


1,885


8.414


52,758


11 60 11,.248


4,313


148.160

127,116

98.910


3.753












Table l.--<.'ALVE OF MANTFACTVRERS' SRI PMENTS, INX'ENTOR!F, A\P ORDERS ny I NDVSTRY CfK)UP--Cnnt inued


Millions


of dollars


p.. r
zero Prelirnn~ry. Revised.


and calcndar-nonth variations.


- Represents













>ThI~ 2. --XXI IA. "V "LA NI KA~'1VRE~$ I \'N4NTUJ~ t ES, AN ~, ORDERS, ~ ~ MAPK Pt (A] IX&IR1 ES SI PI1F~IFTNTARY SFHIES


I I i


>I dul lrs


Pt P4


1 mh^ IE nt I


fl~ > I


t t a 1


<1


9L,028

~.8, 733
(~5, 2%


94,087


8,477~
I 6531

11,892


>~~r


% -Ilt a> ; t. i l ,
- i 1 ^ m ^ < -i f I ;u p p S i .' I it( 1~


t


I ~
I


3




I
I


8,756 38,392



3,6q50 $,<#4
.3.531 13.589
1,807 11,666
1, 724 1,9231


93,848

47,741
4&,107g


8,617
18,230

12,169
9,457

7,335

38,040'


3,77b
13,56J3I


11,701
1.862f


99,294

52,316
46,978


8,009

40,669


3,901 3
14.549 13
12 ,784 11
1,815 1


94864


49,363
45,501



8.198
17,Sbbt

12,423
9,795

7,708 !

39,174


V -Wi M~A


43,785
41,795

~it

',468
1 .200

12,215
7,942

6,551

34,204


,708 ,3
,802 13,5
.890 11,;
,912 1,:


150,777 149,039


19,688

37,777
8.1271

12,438

58,905


6,680
42,529
34,054
8,475


13,509
19,532

37,555
7,905

12,509

58,029


6,496


148,121

96,133
51,988


6,439
42,426
34,261
8.165


150,816150,159

97,525 97,401
53,291 52,758



14,410 14,147


19,343

37,825
7,715

12,543'

58,982


6,858
42,610
34,163
8,447


19,345

37,856


12,660

58,310


6,739
42,707


148,160

98,910
49.250


Ne <*i dt'i->


r P4


ttdtr. 1 ft


I I ~1,.
4 ~


'tat


~5,501


50,3041
A5,197


94, 141 100,150 94,

47,841 53,3.27 49,
b6,300 46,823 45,


83,716

41,737
41,979


122,262 l2

116,749111
5,5131


0,790 1

5,181 1
5.609


19,390

13,828
C C .-


121,185


120,335


115,604114,596
5,581 5,739


122,274

118,065
4.209


Lv n


I In I | ''l > v. ...................


S i .. ,, t .... ....... ......


lii n i'i tl r > I ......... .....


8.472
1j,666~

13,130
lG.01%IV


8,863
17,922


18,26


I 8,867
! 18,071

13,947
10.687


7,074 7,981


t~I\p1 '<'S




* i tIii t- ..................



S f tf ... .. ,
.N un-.....................................
t.................................. .


V P


38,983 39,633


3,711 3,889
14,582 13,730
11,836 11,664
2,746 2,066


,~fluP a 4< 44*~


40,597


3,950
15,334
12,722
2,612




I

I


3


3,725
13,082
11,584
S1.498


>nti <:rcrnf!


purL nt~Y


I

PPrnl xv~ ,t 4EV.


"41


7,526 2,397
17,203 *

11,741 .
1, i7 61,11
7,647^61*l2

6,423 14,877

I3,176 43,87o


3,420 1,707
2,?38 68,269
0,926 '1,249
1,812i 27,020


PA Vt>


f V hepa nnr V


r~flPt~


And *'4


4 I-,<> ,
~d up- I sd


2,389


59,822[


14,928


67.218
41.221
25,997


2,407


59,506


15,063

42,414


1,698
67,080
41,225
25,855


p2w- I i~ ~
ftp~ '~uI s
(cr rj~ rt; a y


2,392


60,084


14,998

43,711


2,374


59,145


15,027

43,789


66,576


41,226
26,085


16,720

42,375


1,553
69,754
45,517
24,237

A 4 Vt--


Ar> V 4r>u)) tfl~Z


at t h' s'garrt C


1> ~ 12


l~ I




- H*vruhnId


furniora; -


k h n i < '


in'l p 1T V :


I cry


,nd to> p.


trd tn{It~ Art.


V


- In < .it 1 1


And p '-v II a> -"~'. pcr~na I


go<>.> nidust t r


<

~tL~>1 r thi p


I


C. it




>14 'i~I <


at ~ >1~ I


N p
\~
<~l 1


- \at Hi


N 4. t4)t >1i~


I rn~a


*<101Uc lP40


O I tr4~"n,'nt S
air

I#Tt ri ni-Hi n'rrv Hp fl~ ncIt~ft.n,


-. H'


nacM tt'rv
III VA '1 ~u~j(t


par t '


- k ~*~d )fl *>~ar.it 0


1, 4 (1<4


"El rotc


a~~ a lycyat I prt'%


<>1 pr'>t .. ci hul t~ 4tl~ hthistrir spec tied ,:tdustrips,


I ndtp, I


Cr> PI[


'4 ~(PV


I IPP


4l. ?'.- i Ts *


II


>Vr~


I


I


ha 1#t t


p4w-',


p


4 t '-~ '- I.
and v.1 ,tn-n<'p I,


, I




i I1 t i.


.


I

1














hi 3 .--tXN~ I \W fl >411 PM~ \ Y> I NXLNitW II S Nb O~F~S \~O\TiI- ~>-tVr~ U i4 hCI~\T ~tANGIs


t d ~it y ad )t~sttd d4 tj


x


Mar.-


Mar. -
June 1976


A ~fl~flt


Dcc. 19Th-I


-r
12


Sept.-


Mar. 1976 Dec. 1975


Avcra~zv 1970-1975


June 1975-
June 1976



*1.3!


Xi flrin~ *~h**t


Th~rA[P 4~p~4v :ndtstrir-~,
tAB ~ ndti.t rt~


-0.4


4


<1 ~ >"


~rI.
I n~>~ t~W~4


U~1 ~
~~IN


-0.0


I ~I >1


-0.6


4.5
~2.1
0,9


rZLL


'3.9


i>til I. --VAT U> Or NIANUFACWIWR INIEN fOR! F~. fly


SI AGE 01 AI~ I (A] I ON flY TN fitS TRY (dEU[


Mdl inn~

Pr!l m^intry.
rft-vi s These reflect revised adjusted April figures for &achtncry (electrical and nonelectrical) materials and supplies, work-in-process,
and finished goods. The unadjusted figures for April are: materials and supplies, 10.145U work-in-process, 14,663, and finished goods,
9,757.


V


May-
J une
19 76


41


-0-.


-1.7|


-l.2


msoiSnts















Aid K --lu~i lu vi ~xMmACi1Ifl>liS I N\UNI 'ft I ES 0 sIll IAWN1S ANI' UN ~ II.!. El) OltIlEPS T~) Sill i~I XIS BY INDUSTRY GROI'!'


K~~flSflflA II Y


id just rd


1"I .l


i 4l 1


,,,~



ri.I.iI


niB ~te1I!il p,&.Btitt~..

I ~ t~........


I '.41 pVrMIUCtS.
~!1 ~s S S



II1~*~fl~<


.........


*. *


..
t


1 ii


rI IL V
list


1.60 | 1.58

2.00 2.00
1.54 1.53
1.89 1.90
1.75 1.71
2.61 2.56
2.25 2.15
1.81 1.90
2.42 2.40

1.18 1.15

0.84 0.81
5.61 5.71
1.45 1.41
1.24 1.20
1.45 1.43
0.74 0.72
1,39 1.36


1.58
2.01

1.50
2.00
I .78
2.58
2.14
1.85
2.38

1.13

0.80
5.17
1.44
1.22
1.36
0.71
1.37


Pi f111 1l' (rder, ss bJiTlcnls r,'in
monfl hi bn eklo I


0.5
iX
CX
(NA
(NA
(X
(X
(X


Sri a;~;,1 ~~h1
I i

2.36
2.86

(NA)
2.00
3.10
2.98
3.08
5.42
(NA)

0.52

(K)
(X)
(NA)
(NA)
(X)
(x)
(X)


.mnd drum* ii-Tr


nii*.r1 rind ytl Lied jriiim S &hC4nfla I ~ pet Viloufli and coal pv"dtwl S nnd


s J~rt ~Jii t


($fl


*a n"


(NA)
2.44
4.23
3.63
3.61
6.14
(NA)

0.45

(X)
(X)
(NA)
(NA)
(X)
(x)
(X)








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 data


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


selected


items.


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.


value


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,


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


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 the ii


used as materials by


industry


group.


other industries


the exception


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


group


level.


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


i


changes
industry


the month-to-month


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 by using a link relative of matched
companies in each industry.


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.


The establishments


therefore,




UNIVERSITY OF FLORIDA

II Ill 111111111 1 II I 1111 1 11111 1 i l
3 1262 08589 4722


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 the


amount; otherwise, only the funds specifically author-


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


ized to be expended are included.


instructed


to deduct


the sales value


The respondent is


of partial


supplies,
ventories


and other


inventories.


of fabrication


complete cancellation of existing orders.


at the all


manu-


facturing and 2-digit industry leve


as well as for the


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.


goods


Insofar


sectors and


as the durable
also the 2-digit


and nondurable


industry


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.


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 sta-


tency, only unfilled orders are estimated directly in the


tistics.


tabulated


totals.


orders are


derived


shipments plus net change in unfilled orders for each


industry


category.


This procedure


is followed


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


seasonally adjusted data as well as for the unadjusted


data. SI
adjusted


~ipments


and unfilled


independently.


orders are seasonally


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