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:
July 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:
AA00008477:00097

Related Items

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

Full Text
1 5 9


CURRENT


INDUS


Manufacturers'
Inventories,


TRIAL REPORTS


Shipments,
and Orders


July


1976


FOR RELEASE: August 31, 1976 2:00 P.M.
William Menth


SERIES: M3-l(76)-7


763-2502


All figures in text below are in seasonally adjusted current dollars


New order for all manufactured products declined


to $95,146 million in July, a 0.5


percent or $450


million decline, the Bureau of the Census, Department
of Commerce, reported today. New orders for durable
goods declined by 2.1 percent or $1,063 million to
$48,863 million. The $825 million downward revision
in the July figure which was issued earlier this month
was one of the largest revisions in recent months. It


resulted


from additional


reports by companies that


were unable to provide figures for the advance report.

This revision did not significantly affect the record
increase in the nondefense capital goods new orders,
originally reported at $13,509 million and revised to
$13,398 million, a 13.2 percent or $1,563 million in-
crease from June, or the record decrease in the defense
capital goods industries new orders, originally reported
as $1,075 million and revised to $983 million, a 60.9


percent or


$1,534 million


decrease


dustries reporting increases in nondefense capital goods


new orders included


nondefense


complete


aircraft,


nondefense shipbuilding and railroad equipment, steam


textile mill industries, which
all of the nondurable goods
ate amounts. /


Inventories held


July to $151,778 million $867 million or 0.6
cent increase. Since the d f 1975, when invento
were reported as $146,5 Ilion, this series has
3.5 percent or $5,204 m d is now only s.
below the high in FebruarSof $151,993
Most of the July increase w le ds
industries which increased $64 recent
to $53,939 million. In both durab e nondurable
goods, increases in materials and supplies inventory
and finished goods inventory accounted for the bulk
of the change.

Unfilled orders for all manufactured products rose
again in July to $122,857 million, a 0.7 percent or
$883 million increase. Most of the increase was in the
fabricated metals, nonelectrical machinery and trans-
portation equipment industries.


engines
(which


and turbines,


includes


office


computerss,


store


and special


equipment
industrial


SCHEDULED RELEASE DATES


machinery.


The figures on the durable goods industries in this


Shipments o
$94,265 million,


F all manufactured


products


were


virtually unchanged from the June


figure of $94,244 million. Shipments of durable goods


declined by


million (previously reported as increasing 0.2 percent).
This decrease, the first in eight months, is attributable


to the


motor


vehicles


declined by $742 million or 8.7


industries


which


percent to $7


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 August
is scheduled for release on September 22, 1976 and the
full report is scheduled for release on October 1, 1976.


million. It was partially offset by an increase of $363
million or 4.5 percent to $8,391 million reported in


This report


contains


data on an unadusted


nonelectrical


machinery


industry.


Shipments


of nondurable industries rose by 1.4 percent or $625
million to $46.394 million. With the exception of the


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.


from June. In-


1.2 percent or $604 million to $47,871


report supersede


q





Industry group


All manufacturing


indus-


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


goods industries, total.


Stone, clay, and glass products.


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....................... *
SEngines and turbines........
Fanrm machinery and equipment.
Construction, mining, and
a material handling equipment.
Metalworking machinery --.....
General industrial machinery
Electrical machinery, total...
ElCctItal transmission and
distrbuflon equipment and
industrial apparatus.......
Household appliances.......
Radio and TV...............
Communication 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.......,........ ........
Pulp, paper, etc......,.....
Paperboard containers.......
All other paper containers.

Chemicals and allied products,
total........................
Industrial chemcials, except
pigments...................
Driues. soan. and toiletries.


Shipments


Total inventories


Without seasonal Without seasonal
Seasonally adjusted adjustment Seasonally adjusted adjustment
adjustment1 adjustment1


8:391
,666
833

1,772
546
923
6,090


1,225
858
542
1,333

11,046
7,827

2,059

591


1,661
866

795


4,680


46,394


14,801
3,066
1,443

609
3.179


3,964
1,871
843
1,250


8,050

2,732
2.264


2,389


'- a
6.011


1.231
864
457
1.270

11,862
8,569

2.168

604


1,592
825

767


4,859


45,769


14,724
3,130
1,293

610
3.293


3.938
1.851
857
1.230


Durable


94.087

82,700

48.321

2,352

7.595
3,927
2.485
1.183


6.228

634


8,129
634
863

1.713
548
912
6,208


1.241
863
690
1,318

11.387
8.009

2, 191

618


1,571
841

730


4,851


45,766


14.532
3.169
1,254

595
3,362


3,995
1.883
868
1.244


7.867

2.686
2.191


15.137
3.152
1.319

657
3,496


4,116
1.916
901
1.299


8.376

2.826
2.2489


76,991

69.064

37.487

2.216

5.520
2,780
1,824
916


4,844

682


6.650
441
616

1.539
459
712
4,902


936
791
411
1.172


39,504


13.346
3,053
1,096

621
2.482


3.185
1.432
757
996


6.630

2. 141
1.882


151,778

129,908

97,839

3,729

14,854
8,573
4,710
1,571


10,631


150,911

128.881

97.616

3.654

14.674
8.410
4.697
1,567


10.564


149,039

127.391

96,579

3.610

14,442
8,186
4.704
1,552


10.638

874


20.797
1.803
1.810

4.893
1.583
1.949
13.330


2.887
1.233
969
4.099

21, 648
6,388

11,855

2,682


3.767
1.943


11.214

3.153
3.635


150,974


150.953


129,568 129.391


14,610
8,367
4,667
1,576


10,851

953


20,744
1,840
1.793

4,854
1.540
1,982
13.713


2,994
1,255
1,073
4,135

21,406
6,058

11,712

2,847


3,842
2,009

1,833


8,547


53,502


11,796
1,336
1,012

3,158
4,822


4,956j
1,880
1,315
1,761


11,644

3,273
3.831


146.494

125,456

97,869

3.680

14,057
7.644
4.731
1.682


11,516

994


21.877
1,885
1,972

4,918
1,820
2.058
13.541


2.953
1,121
1.037
4.184

21.038
5,836

11,720

2,787


3,980
1,981

1.999


8.180


48.625


10,335
1,185
647

2.858
4.296


4.557
1,743
1,182
1,632


10.697

2,938
3.674


477
864
5,5b3


1,133
854
464
1.216

9,744
6, t85

1,965

530


1,549
805

744


4,492


43,982


14,203
3,032
1,361


Primary


Table 1.--VALUE OF MANUFACTURERS' SHIPMENTS, INVENTORIES, AND ORDERS, BY INDUSTRY GROUP

Millions of dollars)












OF MANUFACTURERS'


Millions


of dollars


Industry


group


All manufacturing
tries:
Total2........


indus-


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


Durable g

Primary


oods industries,

metals, total..


Blast furnaces, steel


Nonferrous


total2


mills.


metals...


Fabricated metal products.....


Machinery,
total....


except electrical,
............. ...... *


Engines and turbines.......


Construction,
material hanm


mining, and
dling 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,
total2 .......................

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

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

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

Industries with unfilled
orders.......................
Industries without unfilled
orders. ......................>


New orders


Unfilled


orders


Without seasonal Without seasonal
Seasonally adjusted Seasonally adjusted .
Adjustment adjustment"


5,989


95,596

83,678

49,926

8,075

4,305
2.597

6,075


7,992

641


100,246

87.760

52.935

8,446


122,857

90,986

117,459

15,745

10,654
3,276


20,029


121,974

90.620

116,465

15.785


16,642


23,908

6.781


120.624

89.324

115,015


15.424


123,068

90,991

117,609

15,604


20,100


32,077


19,858

8,518


8,818


5,459


5,459


120.907

90,282

115,329

15,666

10,634
3,205

16.683


23.925

6.770


19,678


123.807

91,031

119,417

14,295

9,065
2,684

18,270


26,745

6,902


19,154


- Represents zero.


~Prelimi


nary.


Re


'Adjusted for trading-day and calendar-month
2See footnote" at end of table 2.


vised.
variations.













Tall e 2 --VALUE


012 MANIIEAU [lItERS Sill PvIENTS, INVENTOR TES,


tMillion


AND ORDERS,
of dollars


FOR MARKET


CATEGORIES


AND SUPPLEMENTARY


SERIES


IndiS try group


All m nanufacturing


indus tries,.


total..


Durable 1'

Nnduralfl e gods ~ndus trios.


Indus try


t ttal.........


Without seasonal
adjustment


Shipments


94,265

47,871
46,394


frUJiS i r r aug 4 by ma 4


Ibme goods and apparel
C>rsun~er staples


Equ ipmlOnt


and 41 tins c p rj idur I escapl


Construct ion materials,


supply ios, and


i ntermed ate products ...................
O her mater ials and suppi es and
i tet il dci at e pr'>duct .. .. ..................

Supplementary series,"
Household durable goods indusr ies.......
Capital gonds intud stories ... ..............
N undnfense... ............ ... ... ......
Defense ......... .. ...... ... .........


7,364

38,922


94.244


7.327

38,770


94.087


7.433

38,392


3,894
13.589
11,666
1,923


87,895


36,102


99,510


8,048

40,690


76,991


Without


Seasonal


adjustment


Total inventories


151,778


6.295 12,575


30,924


New orders


All manufacturing industries,


D~ir;,bl e go>rls inrlttstr ic's,


total4.


95,146


total' ...........


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

Industry groups arranged by market
categories:
Ilme goods and apparel. ... ..... .
Consufner staples.........................
Equipment and defense products, except
automotive ...... .. ................. .
Automotive equipment.. ..... ....... ......


Construct ion


materials


suppi ies, and


intermodiiate products...................
Other materials and supplies and
intermedilate produ< ts..................

Supplement ary series-
Houslehold durable goods industries .......
Capital goods industries' ................
Nondefense...... .. ........ . .
Defense4 ........................... .


7,543

38,814


95.596


39.047


95,378

49,565
45.813


7,298

39.633


90,054


36,036


100,246


8,050

40,661


78,524


59,355


50,911


12,448

58.902


49,039


12,509

58,029


8.272


Unfilled


122,857

117,459
5,398


2,572


61,378


6,117 15,087


31.356


43,820


21,974


2,407


60,734


14,908

43,925


26.620


120,624

115,015
5,609


2,389


59,656


14,928

43,651


150,974


50,953


14,416
19,324


37,810


12,631

59,281


12,554

58,973


146,494

97,869
48,625


12,802

56,639


orders


123,068

117,609
5,459


61,503


15,182

43,696


26,061


20,907


59,717


15,029

43,759


123,807

119,417
4,390


62,091


16,542

42,804


.During 1968


manufacturers in ordnance, common icat ions, aircraft


and aircraft parts, anmd


shipbuilding industries


began to


provide


aggre-


gate f iguris on sh tpments.


tncludIed in


the defense series.


orders, and total I nventorics of


PProllminary.


work per formed


rp,.~ ised.


for th Departmont


of Defense.


'Shipments and new "rders adjusted for


The results of these reports are
trading-day and calendar-month


variations; unf killed orders and inventories as ol end of month.
categorites as follows-


"'The supplementary


series


are regroupings of the


separate industry


Household


durable, goods industry ties Household furni ture;


kitchen


articles and pottery;


cutlery,


handtools,


and hardware;


l~(,us c4io~ d


appliances; ophthalmic goods, catches, 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


Pr' 4 tic t S


(old series


categories.


Nundefenso products Machinery, except electrical


excluding farm machinery and equipment and machine shops electrical machinery


excluding household appliances and electronic components and the nondefense


purt ions of


shipbuilding and


r'parit ng and railroad


equipment, c Jomniuncat ion equipment


aircraft and aircraft parts,


and ordnance.


Defense products Based on separate reports on defense work filed by
communications, aircraft and aircraft parts, and shipbuilding. The
Shipments of Defense-Oriented Industries, for the specified industry
3This reflects a revision to the inventory figure for July 1975 for (Oth


large defense contractors in the following industries


data are comparable to those published


annually


er materials and supplies and intermediate


ordnance,


in the MA-175,


products).


unadjusted figure for July 1975 is:
4These data reflect revised unfi


Inventories,


lled and new


56,639.


orders data reported


by aircraft companies.


New orders Unfilled orders New orders Unfilled orders
Item and month Item and month
Adjusted Unadjusted Adjusted Unadjusted AdJusted Unadjusted Adjusted Unadjusted


ALL MANUFACTURING CAPITAL GOODS
INDUSTIRES, TOTAL April............... 13,623 13,646 67,030 67,243
April................ 94,090 95,623 119,340 120,578 May................. 13,614 12,971 67,052 66,416
May.................. 95.378 94.457 120.624 120.175














SHIPMENTS, INVENTOHIES, AND ORDERS MONTH-TO-tONTH AND LONG TFRM PERCENT CHANGES


(Bascd on seasonally


adjusted data)


Item anid industry


group


Shipments:
All manufacturing industries....

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

Total inventories:
All manufacturing industries ...

New orders:
All manufacturing industries-..,.
Durable goods industries, total...
Nondurable goods industries, total

Infilled orders:
Durable goods industries, total..


Month-to-month


3 mont hs


+0.0


+0.9


*0.211 443.3

*0.3 ~l2
-0.7


~1.3 +0.6


~1.4
-*43,7 *37
-0.3 -Li


*1.3 +14


#1,7


rO.3


I


12 maon t hs

. 1975- July 1975-
. 1976 July 1976


Ave rage
r ie


l~7O- 1975


Ave r~gc


+0.7


1.1 +1.4 -1,6

+.2 +1.5 -2 2
+0.9 +1.5 -1.2


-0.3 +- .9 -0.3


*1.1 +1.8 -1.-9
-1.4 +2.4 -2.7
.0,9 +.5 -I 3


-0.1 +1-7 -1.2


Table 4.--VALUE OF MANUFACTURERS INVENTORIES


, IY STAGE OF FABRICATION,


BY INDUSTRY


Millions of


dollars


PPrel minary.
rRevised.


GROUP














INVENTORIES TO SHIPMENTS AND UNFILLED ORDERS TO SHIPMENTS, BY INDUSTRY GROUP


(Based


on seasonally adjusted data


Industry


group


All manual tu rTing Industries,

Durable goods tndutltries, totil ...

Stone, clay. mand glass products..
Primary metals ...................
Fabricated mrtals................
Machinery. except ,lectrical .....
Electrical machinery........ ....
TB ansporta ( Io equipment ...... ..
Ins trwnents land rcljt ed prod(ucl .

Nondurable goods industries, totnl.

Food and hi ndred products........
Tobacco prOducts... ..... ......
Textile mill products,............
Paper and all ied products........
Chemicals and allied products....
Pet roleum ind coal products ......
Rubber and plastics products, nI.


total


*. *. .

*... .


* ,. ..


* *4* 4 *** .



*.c . *
C.. .. *


Invent


1.16


shipments ratio


Unfilled


orders shipments


months


backlog


NA Not avai liable.


~ll mary.


rijevi sod.


X Not applicable.


'ENcludes the following industries with no unfilled order


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.ece.


rat it'


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).


based


The ASM is


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


employment, payrolls, shipments, cost of materials,
capital expenditures, and inventories as well as other
selected items. The establishments do not provide


As- -


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


value


of shipments


because


of the long


lead time


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


annual


survey,


therefore,


the value


of work done


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

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


industry


group


levels


since


the products


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
units classified in each i


effectively


changes of


industry


the month-to-month


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


industries are


within


used as materials by


the industry


group.


other industries


the exception


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


group


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-





UNIVERSITY OF FLORIDA

8 3iii 12209H5 IIIIIHIIIIII473I
8 3 1262 08589 4730


feasible; otherwise,
methods of inventor
etc.), the definition
establishments in an
on the change in in
next are of greater
gates.


"at book values.
y valuation are u
of the aggregat
industry is not pi
ventories from o
significance than


" Since different
sed (LIFO, FIFO,
e inventories for
precise. The figures
ne period to the
the actual aggre-


Inventories are reported by stage of fabrication: (a)


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


finished goods
supplies, fuel,
ventories by
facturing and
durable and n
noted that a fi
raw material fi
fabrication. In


;(b
an
stag
2-di
iond
nish
or a
isof


) work in process; and (c)
td other inventories. In
,e of fabrication at the
git industry levels as well
durable goods sectors, it
ed product of one industry
another industry at the ne
ar as the durable and n


goods sectors and also the
contain industries with success
the same type of commodity


materials,
using in-
all manu-
as for the
should be
/ may be a
xt stage of
ondurable


2-digit industry groups
ive stages of processing,
may be included under


instructed to deduct the sales value
complete cancellation of existing orders.


of partial


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-


different


inventory


categories in


aggregate sta-


tency


, only unfilled orders are estimated directly in the


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


tabulated
shipments
industry
seasonally
data. Shi
adjusted
orders arn


totals. New orders are derived from the
Plus net change in unfilled orders for each
category. This procedure is followed for
adjusted data as well as for the unadjusted
pments and unfilled orders are seasonally
independently. Seasonally adjusted new
Derived from seasonally adjusted shipments


and seasonally adjusted unfilled orders.