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:
August 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:
AA00008477:00098

Related Items

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

Full Text
:m3-f(1Lj


CURRENT


NDUS


Manufacturers'
Inventories,


TRIAL REPORTS



Shipments,
and Orders


August


1976


FOR RELEASE: October 1, 1976 2:00 P.M.
William Menth


SERIES: M3-l(76>8


763-2502


All figures in text below are i


New orders for all manufactured products declined
in August by 0.8 percent or $804 million to $93,999
million, the Bureau of the Census, Department of Com-
merce reported today. A 1.5 percent decline in new
orders for durable goods (revised from a 2.2 percent


decline
smaller


reported earlier) was dampened by a much


decline


in nondurable goods.


The 11.0 per-


cent or $435 million decline to $3,509 million in the


in March 1976. Most of t h lin
industry where the backlo o rd
or $324 million to $10,323 ill n.

Inventories held by man
August continuing the upwarC
months ago. The August increase
$921 million to $152,745 million


ae was in the sted
ers fell 3.0 percent


ers rose again


blast furnaces and steel mill industry


accounted for


about half the durable goods decline. New orders for
nonelectrical machinery declined by 5.5 percent or
$472 million to $8,167 million following a July in-


above the previous high of $151,993 million set in
February 1975. Nondurable goods rose by 1.4 per-
cent or $731 million to $54,729 million while durable


goods,


$98,016


million


August


compared


of 8.1 percent or $647 million.


New orders for nondefense capital goods declined
by 11.1 percent (reported earlier as an 11.7 percent
decline) or $1,474 million to $11,769 million follow-
ing the July increase of 11.9 percent or $1,408 million.
The average for the months of July and August is


$97,826 million in July, are virtually unchanged. A
rise of 2.9 percent or $351 million in foods to $12,664
million and 1.6 percent or $190 million in chemicals
to $11,789 million accounted for most of the non-
durable goods rise. A 1.4 percent or $700 million in-


crease


in finished product inventories accounted for


most of the change in inventories.


$12,506


million,


percent


above


the $11,179


million monthly average for the first half of 1976.
New orders for defense capital goods rose by 92.7
percent (reported earlier as an 83.7 percent rise) or
$917 million to $1,906 million after the July decline


of 60.7
$1,448


percent.
million


The average of July and August is


or 29.7 percent below


the $2,061


million monthly average for the first half of 1976.

Shipments for all manufacturing industries rose in
August by 0.6 percent or $571 million to $94,483
million. Shipments of durable goods rose by 1.2 per-
cent or $550 million to $48,329 million and shipments


of nondurable


goods,


$46,154


million


in August


compared to $46,133 in July, are virtually unchanged.

Unfilled orders for all manufactured products fell
by 0.4 percent or $482 million to $122,388 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 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


September is scheduled for release on October 22,
1976 and the full report is scheduled for release on
November 3, 1976.


This report contains data


on an unadjusted and


seasonally adjusted basis. However, the data are not
adjusted for price changes. For an explanation of terms
i .3t i. r> 1 i I /


crease











INVENTORIES,


(Millions


of dollars)


Industry


group


All manufacturing


indus-


tries:
Total.......... .........


Total,


excluding


trans-


portation. C S C S S 59e~*


Durable


goods industries,


total.


Stopf clay; andglass products.

Pr4i4ry metals, totaj........
B 1 fnfurmsaces stcl ti111.
N onferrous metals..../.......


' All other

Fabricated


primary


met ale. ..


metal produt-ts


Metal cans, barrels, and
drmns.......e..... ........*


Machinery,


* Engines


except


r1oc~ neal,


and turbines.........


4Farm machinery a.fdd equipment.
&natructtonz mining, and
a material handling equipment.
' Metal working machinery......


General industrial


Electrical ma
Electrical
distribute
industrial
Household a


machinery


chinery, total..
transmission and
on equipment and
apparatus......
pplian ces... .....


Radio and TV................


Communilcation


equipment.....


Transportation equipment,


Motor vehicles


Aircraft,


Shipbuilding


total


and parts....


missiles,


and railroad


equipment..................


Instruments
products,
Sclentifi
All other
related

All other


and related
total..............
c and engineering,
Instruments and
products..........


d


urabic


Koods


industries...... ...., *,..,..


Nondurable


goods industries,


total....... g.eS*** .* *


Food and kindred


products,


total,***********************
Meat products*.....*,....,..
Fats and oils**..............

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

Paper and allied products,
total. ...p **r... ........ ...
Pulp, paper, etc.........*...


Poperboard


All other paper


Chemicals


contalnors......**


utntainrs ..

ed products,


and alli


total ....... ... *.. ... .. ..


Industrial


chemical ', except


pigments..................


Drugs, s


oap,


nnd toiletries.


Shipments


Total inventories


SWithout seasonal Without seasonal
Seasonally adjusted Wt u sen Seasonally adjusted adjustment
adjustment adjustment


94,483

83,332

48,329

2,474

7,673
3,833
2,643
1,197


5,952

637


8,329
717
823

1,707
511
884

6,201


1,275
907
516
1,421

11,151
7,981

2,012

585


1,628
868

760


4,921


46,154


14,719
3,029
1,408

600
3,041


3,988
1,920
870
1,198


7,885

2,689
2,093


6,040


1,214
861
526
1,320

11,093
7,859

2,042

602


1,641
856

785


4,650


46,133


14, 776
3,112
1,444

604
3,134


3,928
1,847
844
1,237


7,896

2,713
2,228


94,244

82,382

48,475

2,389

7, 713
4,093
2,441
1, 179


6.021

599


8,028
617
814

1,685
520
911

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


7,893

2,674
2,241


93,541

83,248

47,165

2,645

7,450
3,814
2,500
1,136


6,039

735


7,807
657
749

1,653
451
878

6,052


1,206
935
557
1,343

10,293
7,260

1,906

566


1,634
860

774


5,245


46,376


14,614
3,059
1,417

622
3,082


4,035
1,947
875
1,213


, 7,731

2,662
2,189


87,504

77,794

43,746

2,362

6,997
3,702
2,293
1,002


5,577

705


7,590
526
702

1,649
485
852

5,516


1,122
857
450
1,204
9,710
6,640

1,946

539


1,530
795

735


4,464


43,758


14,184
3,078
1,362

617
2,684


3,699
1,761
798
1,140


7,272

2,558
2,007


83,775

75,027

40,881

2,355

6,222
3,094
2,089
1,039


5,307

702


6,848
521
636


5,339


1.071
835
512
1, 171

8,748
5,613

2,046

530


1,443
743

700


4,619


42,894


14,059
3,150
1,208

647
2,986


3,471
1,571
802
1,098


7,296

2,351
2,072


152,745

131,128

98,016

3,803

14,910
8,709
4,629
1,572


10,567

841


20,983
1,895
1,822

4.885
1,553
2,027

13,704


3,003
1,247
1,034
4,193

21,617
6,005

11,942

2,829


3,871
1,996

1,875


8,561


54,729


12,664
1,490
1,088

3.498
4,916


4,982
1,889
1,339
1,754


11,789

3,370
3,742


151,824

129,964

97,826

3,711

14.847
8,570
4,697
1,580


10,618

877


20,870
1,852
1,805

4,888
1,545
1,991

13,597


2.982
1,249
1,010
4, 154

21,860
6,503

11,768

2,787


3.825
1,987

1,838


8,498


53,998


12,313
1,409
1,122

3,445
4,814


4,882
1,874
1,287
1,721


11,599

3,297
3,727


150,911

128,881

97,616

3.654

14,674
8,410
4,697
1,567


10,564

914


20,955
1,891
1,809

4,884
1,585
1,981

13.493


2,919
1,251
1,022
4,150

22,030
6,622

11,848

2,758


3,786
1,983

1,803


8,460


53,295


11,968
1,376
1,082

3,419
4, 750


4,866
1,869
1,302
1,695


11,365

3,213
3,627


152,041

130,389

97,810

3,747

14,702
8,535
4,602
1,565


10,731

873


20,795
1,871
1,793

4,827
1,552
2,002

13,732


2,991
1,221
1,092
4,176

21,652
6,185

11,847

2,800


3,895
1,998

1,897


8.556


54,231


12,408
1,375
978

3,274
4,912


4,979
1,887
1,351
1,741


11.697

3,333
3,776


151,014

129,618

97,459

3,741

14,603
8,364
4,654
1,585


10,838

954


20,767
1,837
1,785

4,859
1,541
1,993

13,698


2,991
1,256
1,061
4,133

21,396
6,067

11,710

2,834


3,881
2,003

1,878


8,535


53,555


11,901
1,377
1,035

3,156
4,875


4,958
L,887
1,316
1,755


11,608

3,280
3,806


145,976

124,821

97,017

3,608

13.900
7,606
4,655
1,639


11,259

891


21, 702
1,849
1,954

4,908
1,867
2,048

13,349


2,915
1,075
1,005
4,184
21,155
6,092

11,715

2,689


3,973
1,961

2,012


8,071


48,959


10,782
1,162
693

2,947
4,312


4,578
1,789
1, 156
1,633


10, 739

2,932
3,692


/
I,,
; ~

I
~
t










OF MANUFACTURERS'


Millions of


dollars)


Industry


group


All manufacturing
tries:


Total..
Total,


excluding


indus-


tranls-


portation.


Durable g

Primary


goods industries,


metals,


Blast furnaces,


Nonferrous

Fabricated m

Machinery, e


Engines


total..


total*

S......


steel mills.


metals.........

'etal products.....


except


electrical,


and turbines........


Construction,


mining,


material handling equipment.


Metalworking


machinery......


General industrial machinery.


Electrical ma

Electrical
distribute
industrial
Household a


chinery,


total...


transmission and
on equipment and
apparatus.......
ppliances........


Radio and TV........*.......


Communication

Transportation


Aircraft,


equipment.....

equipment,


missiles,


parts.*....................


Shipbuilding


and railroad


equipment,...,.... ..


All other durable


goods


indtintries


Nondurable


Industries


Industries
orders...


goods industries


with unfilled


without


unfilled


New orders


Unfilled


orders


Without seasonal Without seasonal
Seasonally adjusted adjustment Seasonally adjusted adjustment
adjustmentadjustIen


6,287



1,253
905
568
1,351


11,248


2.011

610


9,100


46,033


10,641

35,392


7,662


614
1,089


11,483


2,042

989


8,751


46,082


10,698

35,384


93.090


122,388

90,544

117,050

15.304


122,870

91,124

117,410

15,787

10,647
3,319

16,906


24,237

7,011

5,022
1,515
3,499

20,028



5,492
136
r'^


31,746


19,521

8,483


8,706


5,460


5,460


121,974

90,620

116,465

15,785

10,687
3,283

16,642


23,908

6,781


122,633

90,620

117,321

15,288

10,364
3,114

16,933


24,021

7,028


20,247



5,489
138
594
8,042


32,013


19,841

8,425


8,819


5,312


5,312


123,083

91,127

117,564

15,645


20,099



5,517
136
540
8,067


31,956


19,900

8.399


8,833


5,519


5.519


123,749

91,291

119,243

14.354

9.192
2,652

18,213


26,439

6,932


- Represents
1Adjusted fo


~Prelisinary.


r trading-day and











Table 2.--VALUE OF


MANUFACTURERS '


~Millions


AND ORDERS,
of dollars)


FOR MARKET CATEGORIES


AND SUPPLEMENTARY


SERIES


automotive..............................


Capital goods industries.................
Nondefense... ......... ................
Defense............ ... .. ... ...........


automotive .... ........ .... .. ... ..


intermediate products............. ......


Capital goods industries......t.........
Nondefense. .. .............. .. .........
Defense................................


*During
gate figure
included in


1968 manufacturers
s on shipments, or
these new defense


d


the data have been seasonally


adjusted


for trading-day


in ordnance, communication
lers, and total inventories


series.
adjusted


s,.


aircraft


and aircraft


of work performed


Since there are no historic


using


and calendar-month


the factors
variations;


parts,


and shipbuilding


for the Department


data available


of these industries.


unfilled


orders


of Defense.


to develop separate
PPreliminary, r


and inventories


industries


began to


The results of


seasonal
Revised.


as of end of month.


factors


provide


aggre-


these reports


for these reporters,


1Shipments and
he supplemental


new orders
y series


are regrouping


of the separate


industry


categories


follows:


Household


durable


goods


industries


- Household furniture;


kitchen


articles


and pottery;


cutlery,


handtools,


and hardware;


household


appliances;


Capital


goods


Products (
Nondefense 1
(excluding
equipment,


Defense


ophthalmic
industries


old series)
industries -
household


communication


products


industries:


goods,


watches,


S- The capital
categories.


Machinery,
appliances


equipment,
s) Based


commCnicatiOtl


(new serie


ordnance,


and clocks;


goods


except


industry


electrical


and electronic


aircraft,
on separate
5s, complete


and miscellaneous


es series

excludingn


components),


aircraft p
e reports
e aircraft


~arts,


personal


is comparable to

g farm machinery a
and the nondefense


goods.


the previous

nd equipment
portions of


Producers

and machine


shipbuilding


Capital

shops),


Goods and the Defense


electrical


and repairing


machinery


and railroad


and ordnance.


on defense
, aircraft


filed by large defe
, and shipbuilding.


nsee


contractors


The data


in the following


are comparable to those


in the MA-175, Shipments of Defense-Oriented Industries, for the specified











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
Item and industry group July- June- May- Aea Aea
Aug. July June Average Average
1976 1976 1976 May- Feb.- Nov. 1975- Aug. 1975- rise decline
Aug. 1976 May 1976 Feb. 1976 Aug. 1976


Shipments:
All manufacturing industries......... +0.6 -0.4 +0.2 +0.1 +1.2 +1.7 +0.9 +1.4 -1.6

Durable goods industries, total........ +1.2 -1.4 +0.3 +0.0 +1.9 +2.5 +1.1 +1.5 -2.2
Nondurable goods industries, total..... +0.0 +0.8 +0.0 +0.3 +0.4 +0.8 +0.6 +1.5 -1.2

Total inventories:
All manufacturing industries......... +0.6 +0.6 +1.3 +0.8 +0.4 +0.1 +0.4 +0.9 -0.3
New orders:
All manufacturing industries......... -0.8 -0.8 +0.2 -0.5 +1.9 +1.5 +0.8 +1.8 -1.9
Durable goods industries, total........ -1.5 -2.4 +0.7 -1.1 +3.3 +2.3 +1.1 +2.4 -2.7
Nondurable goods industries, total..... -0.1 +0.9 -0.3 +0.2 +0.4 +0.7 +0.6 +1.5 -1.3
Unfilled orders:
Durable goods industries, total........ -0.3 +0.8 +1.3 +0.6 +0.5 -0.8 -0.1 +1.7 -1.2











Table 4.--VALUE OF MANUFACTURERS' INVENTORIES, BY STAGE OF FABRICATION, BY INDUSTRY GROUP

(Millions of dollars)
Without seasonal Without seasonal
Seasonally adjusted ajsmnSeasonally adjusted
adjustment adjustment
Industry group
Aug. July June Aug. July A Aug. Aug. July June Aug. July Aug.
1976 1976r 1976 1976p 1976r 1975 1976 1976 1976 19768 1976 1975

Total Materials and supplies

All manufacturing industries, total.. 152,745151,824 150,911 152,041 151,014 145,976 52,598 52,769 52,474 52,698 52,537 50,914
Durable goods Industries, total............ 98,016 97,826 97,616 97,810 97,459 97,017 31,091 31,512 31,539 31,538 31,528 32,076
Stone, clay, and glass products.......... 3,803 3,711 3,654 3,747 3,741 3,608 1,324 1,326 1,314 1,322 1,327 1,383
Primary metals........................... 14,910 14,847 14,674 14,702 14,603 13,900 6,486 6,608 6,675 6,546 6,508 6,336
Machinery (electrical and nonelectrical). 34,687 34,467 34,448 34,527 34,465 35,051 10,165 10,061 10,019 10,210 10,211 10,724
Transportation equipment............... 21,617 21,860 22,030 21,652 21,396 21,155 4,455 4,907" 4,983 4,539 4,575 4,717
All other durable goods industries....... 22,999 22,941 22,810 23,182 23,254 23,303 8,661 8,610 8,548 8,921 8,907 8,916
Nondurable goods industries, total......... 54,729 53,998 53,295 54,231 53,555 48,959 21,507 21,257 20,935 21,160 21,009 18,838
Chemicals and allied products............ 11,789 11,599 11,365 11,697 11,608 10,739 4,459 4,408 4,339 4,444 4,425 4,439
Petroleum and coal products.............. 4,559 4,582 4,558 4,578 4,553 4,175 1,246 1,293 1,284 1,242 1,297 981
Rubber and plastics products, n.e.c...... 2,954 2,975 3,009 2,908 2,929 2,908 1,290 1,249 1,217 1,304 1,258 1,006
All other nondurable goods industries.... 35,427 34,842 34,363 35,048 34,465 31,137 14,512 14,307 14,095 14,170 14,029 12,412

Work in process Finished goods

All manufacturing industries, total.. 50,287 49,895 49,760 50,110 49,654 49,063 49,860 49,160 48,677 49,233 48,823 45,999
Durable goods industries, total............ 41,895 41,601 41,524 41,718 41,330 41,520 25,030 24,713 24,553 24,554 24,601 23,421
Stone, clay, and glass products.......... 552 556 542 545 559 501 1,927 1,829 1,798 1,880 1,855 1,724
Primary metals........................... 4,887 4,773 4,682 4,768 4,706 4,362 3,537 3,466 3,317 3,388 3,389 3,202
Machinery (electrical and nonelectrical). 14,626 14,644 14,670 14,596 14,530 15,043 9.896 9,762 9,759 9,721 9,724 9,284
Transportation equipment................. 15,127 14,913 14,994 15,080 14,827 14,489 2,035 2,040 2,053 2,033 1,994 1,949
All other durable goods industries....... 6,703 6,715 6,636 6,729 6,708 7,125 7,635 7,616 .7,626 7,532 7,639 7,262
Nondurable goods industries, total......... 8,392 8,294 8,236 8,392 8,324 7,543 24,830 24,447 24,124 24,679 24,222 22,578
Chemicals and allied products............ 1,940 1,888 1,857 1,920 1,876 1,751 5,390 5,303 5,169 5,333 5,307 4,549
Petroleum and coal products.............. 1,194 1,211 1,216 1,187 1,218 1,073 2,119 2,078 2,058 2,149 2,038 2,121
Rubber and plastics products, n.e.c...... 500 494 494 498 491 495 1,164 1,232 1,298 1,106 1,180 1,407
All other nondurable goods industries.... 4,758 4,701 4,669 4,787 4,739 4,224 16,157 15,834 15,599 16,091 15,697 14,501


PPreliminary.
rRevised.












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


(Based


on seasonally adjusted data)


Unfilled orders shipments ratio1
Inventories shipments ratio
(months backlog)
Industry group ---
Aug. July June Aug. Aug. July June Aug.
1976 1976 1976 1975 1976' 1976r 1976 1975


All manufacturing industries,
Durable goods industries, total....


Stone, clay,
Primary metal
Fabricated me
Machinery, e,
Electrical ma
Transportation
Instruments a


total.


and glass product
as. *.. .,.................
tals .............
cept electrical..
chlnery....... .
n equipment.....,
nd related produce


Nondurable goods industries,
Food and kindred products..
Tobacco products,..........
Textile mill products......
Paper and allied products.,
Chemicals and allied produce
Petroleum and coal products
Rubber and plastics product


total


1.62


'NM
Rx ci
V chi C I e


assembly


able.
following
operations


PPrellm na
Industries


foods and


with


rRevised.
no unfilled


pllcable.
containers


order


; glass containers; metal cons, barrels


and drums;


motor


related products; tobacco; apparel and related products; chemicals; petroleum and coal products; and


rubber and plastics products, n.e.c.









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.


DESCRIPTFFION OF SURVEY


The Manufacturers' Shipments, Inventories, and
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.

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 of the reporting
units classified in each industry category represent
effectively the month-to-month movements 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


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 of some
industries are used as materials by other industries
within the industry group. With the exception of
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
I I 1iiiiiiii lIII 1 11 091 f111 7II Ii iii
3 1262 08589 4748


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.


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


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 value


of partial


supplies,


and other


inventories.


using


ventories by stage of fabrication at the all manu-
facturing and 2-digit industry levels as well as for the


complete cancellation of existing orders.

Unfilled orders include orders as defined above that


durable


and nondurable goods sectors, it should be


not yet passed


through


the sales


account.


noted that a finished product of one industry may be a
raw material for another industry at the next stage of
fabrication. Insofar as the durable and nondurable


Generally, unfilled orders at the end of the reporting
period are equal to unfilled orders at the beginning of
the period plus net new orders received less net sales.


goods


sectors and


also the 2-digit industry


groups


contain industries with successive stages of processing,
the same type of commodity may be included under


While both new orders and unfilled orders are used


in reviewing


individual company


reports for consis-


different


inventory


categories in


aggregate


tency, only unfilled orders are estimated directly in the


tistics.


tabulated


totals.


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


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


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. S!
adjusted


ipments


and unfilled


independently.


orders are


Seasonally


seasonally


adjusted


new


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