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:
September 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:
AA00008477:00099

Related Items

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

Full Text
Q3.I5?


INDUS


Manufacturers'
Inventories,


CURRENT


Orders


Sept;


FORRELEASE:November3,1976 10:00 A.M.
William Menth
763-2502

All figures in text below are in

New orders received in September by all manu-


facturers


declined


August


percent


$683 million to $93,460 million, the Department of
Commerce, Bureau of the Census reported today.
Orders for durable goods fell 2.5 percent or $1,202
million (revised from the 3.1 percent decline reported


earlier) and nondurables rose


1.1 percent or


million. September shipments by all manufacturing in-
dustries fell 0.9 percent or $883 million from August


as shipments of


durable


goods fell


percent


$683 million (revised from the 2.6 percent decline re-


ported


earlier) and shipments for nondurable goods


rose 0.7 percent or $320 million. A major decline in
transportation equipment industries, primarily in the
motor vehicle and parts industries, accounted for most
of the decline in shipments and new orders for durable


SERIES: M3-l(76)-9


averaging


percent, are about the same magnitude as


the 0.6 percent average of all monthly changes
measured since January 1958. During 1975 and 1974,
the average monthly percent changes were-0.2 percent
and 1.8 percent, respectively. At the end of September,
inventories held by durable goods manufacturers rose


0.7 percent


to $98,804


million


August


inventories held by nondurable goods manufacturers
rose 1.2 percent to $55,325 million. Fabricated metals
rose 2.8 percent to $10,900 million, chemicals rose


1.5 percent
coal product


to $11,949 million, and petroleum and


s


rose 2.8


percent


to $4,687


million.


Transportation equipment showed no change from the
August figure of $21,612 million. With the exception of
the stone, clay and glass products industry, which de-
clined $15 million, all other industries also recorded


goods


in September.


Excluding


transportation


increases.


equipment decline, durable shipments declined by 0.1
percent or $45 million and new orders declined by 0.1
percent or $43 million.


The decrease in new orders for durable goods is the
third consecutive decline since June. In addition to the
transportation decline of 10.3 percent or $1,159 mil-
lion, a decline was also recorded in the electrical ma-
chinery industry where new orders declined by 6.7
percent or $420 million to $5,891 million. New orders
for primary metals rose by 2.9 percent or $211 million
to $7,475 million. The nondefense capital goods in-
dustries showed an increase of 3.0 percent or $351
million to $12,130 million while the defense capital
goods industries showed a decline of 26.3 percent or
$516 million to $1,447 million.


SCHEDULED RELEASE DATES


The figures on the durable goods industries


report supersede


in this


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


October is scheduled


report on
for release


durable


goods


on November


1976 and the full report is scheduled for release on
December 1, 1976.


Inventories held by manufacturers rose in September
by 0.9 percent or $1,356 million to $154,129 million,
continuing the upward trend which began in January
1976. These monthly percent changes since January,


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


used in this report


see appendix following table


and


TRIAL REPORTS



Shipments,









OF MANUFACTURERS' SHIPMENTS, INVENTORIES, AND ORDERS, BY INDUSTRY GROUP


(Millions


of dollars)


Industry


group


All manufacturing
tries:


indus-


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


Durable


goods industries,


Stone, clay,


total. I


and glass products.


Primary metals, total.........


Blast furnaces, steel


mills.


Nonferrous metals..........


All other


primary metals...


Fabricated metal products
total.......... ............
Metal cans, barrels, and
drums. ,..... 4................

Machinery, except electrical,
total ........................
Engines and turbines........
Farm 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................
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...................
Drugs, soap, and toiletries.

Petroleum and coal products...


Rubber and plastics


products,


n.e.c... ........ ... .......


Shipments


Total inventories


Without seasonal Without seasonal
Seasonally adjusted adustmentI Seasonally adjusted adjustment
adj ustment1 ad^ justents


93,641

83,627

47,135

2,482

7,659
3,941
2,579
1,139


5,725

629


8,310
273
879

1,688
561
934
6,181


1,239
968
502
1,358

10,014
6,796

2,074

628


1,615
860

755


5,149


46,506


14,663
3,076
1,395

624
3,183


4,064
1,870
861
1,333


8,112

2,670
2,363

6,431

2,178


94,524

83,352

48,338

2,455

7,680
3,831
2.635
1,214


5,914

636


8,314
710
824

1,720
508
892
6.239


1,309
908
512
1,420

11,172
7,987

2,025

582


1,640
870

770


4,924


46,186


14,626
3,038
1,408

598
3,092


3,996
1,920
867
1,209


7.935

2,687
2,075

6,465

2,198


93,912

82,819

47,779

2,399

7,660
3,985
"2,585
1,090


5,986

636


8.310
667
818

1,739
554
910
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

6,406

2,204


98,761

87,425

50,302

2,655

7,724
3.941
2,620
1,163


6,123

712


8,593
309
934

1,752
588
961
6,581


1,290
1,014
627
1,379

11,336
8,066

2,072

642


1,758
911

847


5.532


48,459


15,513
3,110
1,396

646
3,343


4,174
1,878
892
1,404


8,425

2,710
2,658

6,436

2,222


93,483

83,260

47,084

2,625

7,457
3,812
2,493
1,152


6,000

134


7,796
651
750

1,665
448
885
6,090


1,239
936
553
1,343

10,222
7,170

1,922

564


1,646
862

784


5,248


46,399


14.520
3,068
1,417

620
3,133


4.042
1.947
872
1,223


7,767

2,660
2,171

6,438

2,200


90,068

79,817

45,285

2,424

7,025
3,707
2,173
1,145


5,677

693


7,660
654
790

1,606
568
850
5,807


1,143
890
570
1,231

10,251
7,181

2,001

549


1,611
846

765


4,830


44,783


14.872
3,257
1,298

582
3,209


3,609
1,608
835
1,166


7,878

2,478
2,320

5,742

2,153


154,129

132,517

98,804

3,779

15,085
8,783
4,607
1,695


10,900

798


21,089
1,941
1,842

4,898
1,554
1,991
13,724


3,049
1,219
1,023
4,138

21,612
6,089

11,869

2,773


3,895
2,025

1,870


8.720


55,325


12,728
1,443
1,130

3.556
4,953


152,773

131,161

98,109

3.794

14,936
8,712
4,601
1,623


10,606

841


20,997
1,896
1,823

4,886
1,556
2,021
13.720


3,020
1,238
1,034
4.185

21.612
6,021

11,929

2,819


3,867
2,001

1,866


8,577


54,664


12,628
1.484
1,088

3,511
4,912


4,989
1,896
1,339
1,754


11,768

3,370
3,741

4,560

2,954


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

4,582

2,975


152,607

130,935

98,062

3,657

14,900
8,660
4,575
1,665


10,889

788


20,787
1,897
1,779

4,795
1,550
1,960
13,666


3,023
1,189
1,031
4,134

21,672
6,205

11,845

2,782


3,863
2,007

1,856


8,628


54,545


12,577
1,369
946

3,403
4,855


4,921
1,896
1,304
1,721


11,704
3,348
3,737

4,735

2,944


Aug.
1976




152,061

130.413

97,896


145,037

123,616

95,927

3,495

13,622
7,393
4.636
1,593


11,014

786


21.409
1,832
1,893

4,884
1.821
2,026
13.158


2,858
1,053
997
4.159

21,421
6,104

11,892

2,738


3.803
1.934

1,869


8.005


49,110


11,256
1.221
683

2,979
4,298


4,508
1,768
1.149
1,591


10,561

2,920
3,515

4,253

2,886












OF MANUFACTURERS'


EMillions


of dollars)


Industry


group


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


Total,


Durable g

Primary


excluding
2


portation ......

goods industries,


indus-


trans-
* ..,,


tota


metals,


Blast furnaces


Nonferrous

Fabricated m

Machinery, e


total.........

- steel mills.


metals...,


etal products.....


xcept


electrical


total........................

Engines and turbines........
Construction, mining, and
material handling equipment.


Metalworking


machinery. .....


General industrial machinery.


Electrical

Electric


machinery,


total...


transmission


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


Communication

Transportation


equipment.....

equipment,


total..... ............


Aircraft,


missiles,


parts2....... ......


Shipbuilding


and railroad


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


All other durable
industries......


goods


goods industries,


with unfilled
..without unfilled.....
without unfilled


Nondurable


Industries
orders..
Industries


orders......

- Represents
'Adjusted for


trading-day


New orders


Unfilled


Orders


Without seasonal Without seasonal
Seasonally adjusted adjustment Seasonally adjusted adjUStment
adjustment' adjustment"

Sept. Aug. Jul Sept. Aug. Sept. Sept. Aug. July Sept. Aug. Sept.
1976 1976r 1976 1976p 1976r 1975 1976p 1976r 1976r 1976p 1976r 1975


93,460


5,826


8,232

609

1,534
570
996

5,891



1,276
968
347
1,169


10,146


2,514

340.


9,279


46,611


11,159

35,452


iminary.


6,311



1,290
906
558
1,343


11,305


2,072

595


9,107


46,092


10,711

35,381


6,250


8,639

897

1,725
539
1,013

5,936



1,290
861
614
1,089


10,884


1,443

989


8,751


46,082


10,698


5,622


7.171

559

1,451
471
825

5,691



1,023
884
568
1,271


10,413


1,786

863


9,049


44,928


10,449

34,479


121,700

90,288

116,233

15,186

10,029
3,315

17,002


24.000


90,605

116,522

15,372

10,327
3,205

16,901


24,078

7,037


20,098


122,271

91,124

116,811

15,787

10,647
3,319

16,906


24,237

7,011


121,376

89,786

116,022

14.687


90,683


24,025

7,029

4,998
1,597
3,331

20,231



c At


31,442


19,282

8,413


8,828


5,337


5,337


122,519

89,899

117,868

13,289

8,374
2,564

18,158


25,954

6,838


rR~d


and calendar-month


variations.


2See footnote3 at











fabl" 2.--VALUE OF MANUFACTURERS SHIPMENTS, INVENTORIES,
nlll ions


AND ORDERS, FOR MARKET CATEGORIES AND SUPPLEIENTARY SERIES
of dollars


XV, thout


seas rnil I


ad ustment


In dustry group


Shtprntn~ts


Total


Without seasonal
adjus tment


inventories


411 nanufac Ut ing


f),jirble gftds


indust r iOs ,


t otal ,


indu'Atrics. tOtal ~


soods


Indus trY groups


industries s, total........


arr anged


93,641

47,135
46,506


94,524


93,912


98,761

50,302
48,459


93,482


90,068

45.285
44,783


154,129

98,804
55,325


152,773

98,109
54.664


by ~arhet


HPT:e goods and apparel. ............ .
Con urrier taples.......... ................
Equipmentlt iand defense products. exce pt
automotive.. ,,. ..... .............................
,\ut>rTiot ive equipment ....................
Construct ion materials, supply les, and
i nternediate products..................
Other materials and supplies and
Intermediate products ...................


Supplementary series:2
Household durable goods


Indust ri es.......


Capital &zoods industries............. ...
Nondefense.......................... .
Defense............. ................... .


8,685
18,185 1i

12,242 1:
7,927 1

7,387

39,215 3


3,907
13,722 1.
11,885 1:
1,837 1


7,461

9,244


I 8,303
18,154

12,212
9,138

7,358

38,747


3,542
13,632
11,918
1,714


9,
17,


7,9131


40,092


38,


232 8,608 14,065 12
848 18,169 20,766 2(

680 11,444 38,214 3!
353 8,403 7,616

904 6,962 12,948 1.

466 36,482 60,520 5


907 3,879 6,755
102 12,791 42.958 4:
308 11,068 34,397 3.
794 1,723 8,561


2,692

9,966


t594


151,824


152,607


152,061


145.037


13,859
20,566


37,870 37,
7,966 7,(

12,570 12,7

59,420 59,


6,693 6,(
42.583 42,(
34,029 34,1
8,554 8,4


'50

928


12,661

59,7231


55,447


6,176
42,921


Ne' orders


Unfilled


orders


All manufacturing industries,. totaI?. 93,460

Durable goods industries, total.4........ 46,849
Nondurable goods industries, total......... 46,611

Industry groups arranged by market
cat egories:
Home goods and apparel.............. ..... 8,533
Conrsumer staple es. ........................ 18,204
Eluipmenlt aind defense pro duct except
automoat ive ...................... .. .. 12,255
Automotive equipment... .... ... ........ 7,907
r nstruct ion materials, supplies, and
inter edilate products................... 7,333
Other rmaterinls and supplies and


inter edlate products...................

Supplementary series
Household durable goods industries.......
Capital goods industries ................3
Nondefense. ...... ...................... .
Defense............ .. ....... .. ...... .


39,28


94,143


38,784


94,204


38,738


98,017


93,126

46,909
46,217



9,264
17.869


12,711 11,493
9,242 8,444


39.419


38,260


88,835

43,907
44,928



8,635
18,187

11,303
8,466


35,370


121,700

116,233
5,467


2,495


60,702


15,035

43,468


4,1151 3,961
14,107 12,967
12.288 11,299
1,819 1,668


121,885

116,522
5,363


2,630


60,708


15,090

43,457


26,043


122,271


116,811
5,460


60,680|


15,095

43,917


121,376


122,125


,022!116,788
,354i 5,337
*.


2,749


60,773;


15,1141

42,911


60,707


15,083

43,586


122,519

117,868
4,651


2,461


62,048


16,348

41,662


-During 196G


rn~i,,ofacturers in ordnance c')nrnLlIir~at I~fl5, iN raft


and aircraft parts,


and shipbuilding industries began


to provide


aggre-


gate figures on shipments, orders, and total inv'ento r irs of w'rk pertf ~ned ftr the Department


of Defense.


The results


0 t ~QS C t'vp<~r t Silt K


included in the
v,i at ions; : unf


defense series.


killed orders


PPrel iningry.


rind n~'cbt

Shipnents and ne> orders


,is of ,nd of month,


lb S UPP I IAIOAI t ti t V


series


ad }nus ted for tradi ing-day and c alendar-mnt h


are regroupings of


the separat e


industry


categories as follows


14

- Household tuirni ture; k itchen articles and pot terry


cutlery.


handtools, and hard are,


ho "S K old


3ppl iances ophthalmic goods, 'watit hes, and


cli cks ; and miscel laneous personal goods-


Capital goods indus Trios Thet capital L

the prevrius Producers


Capital


Goods and the Defense


Products


old series


catc~4OtiO<


Nondefense products Machinery, except electrical


e>, cluding


farm machinery and equipment and machine shop> oloctrict I machinery


excluding


household appli AInces iand electronic co mponents and the nonde fense port inns of shipbuildin andd rnpat in lt and ilt 1 road


equipment comnunicat ion equipment


a' reraf t


Defense products Based on separate reptr


and aircraft parts, and ordnance.


Is on dot ~n~e ~ark f ild


by large defense contractors in the following


indos trios


ordnance,


cofiunWficait ions, aircraft and aircraft parts, and


Thiphuilding.


The tt a Ar ('(linparable to I hove


pubi i~hd anr.uallv ~n t he ~tA-l75


Shipments of Defense-Oriented Industries, for the spec


These data reflect revised unfilled and


i fled indus tr e.s.


new orders data reported by aircraft companies for July:


New orders
unad)justed


I'nfilled orders


All rfgrs........
Total, excluding
transport atioan.,
Durable..........
transportation...
Capital goods....
Non-defense......


89,703


122,480

91,127
116,961


N i~ Jut a b I e


7,456 7,546


Item |













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

(Based on seasonally adjusted data)


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

3 months 12 months
lte- and industry group Aug.- July- June-
Sept. Aug July Average Average
7Sept. Aug. July June- Mar.- Dec. 1975- Sept. 1975- rise decline
197 1976 Sept. 1976 June 1976 Mar. 1976 Sept. 1976


Shipr~ent:
Al] ran fa&Mt~rtng industries....


Durable goods industries,


Nondurable goods Industries,


total.


total.


Total inventories:
All manufacturing industries.

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


Nondurable goods industries,


Unfilled orders:
Durable goods industries,


total.


total


,0.6


-0.0


'0.6


+0.8


-0.5


Table 4.--VALUE


OF MANUFACTURERS' INVENTORIES, BY


STAGE OF FABRICATION, BY INDUSTRY GROUP


'Millions of dollars


PPrel imnary.
T^evised-


-1.6


-1.2













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

(Based on seasonally adjusted data


Industry group


Al1 manufacturing industries,

Durable 4ood$ industries, total.....

St i -lay, and glass products,..
Primary metal ....... ...........
Fabricated metals. .. ..... ..


total


. .* *. .


1.65


Machinery,


Electrical machiner v...*........
Transp oration equvtemnt .... ..
tn4?uuetnts and relat d products.

Nondurable goods industries, total.


4~


1.19


1.18


1.62
2.05


Foo and klidred products ..........
Tobact* products....,.. ..............
Textile mill products........ .......
Paper and a11ied products......... .
Chemicals and allied products........
Petroleum and coal products... ......
Rubber and plastics products, n.e.c..


Unfilled orders shipments ratio'
(months' backlog


0.49


2.32


0.50


2.58


0.51


NA Not available.


V ~ ised.


IEeludes the following industries xitt no unfilled order


X Not applicable.


ixooden containers


glass containers;


metal cans, barrels and drums; motor


vehicle assembly operations; foods and relted 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-


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.


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,


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


value


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 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


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


effectively


changes of


each 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
the ASM estimates by using a link relative of matched


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


. I


group level. amce me ivM-1 maustry 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.


, -






8 A


UNIVERSITY OF FLORIDA

ii iii11111126 111! l4 5lI
3 1262 08589 4755


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


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


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 from


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. SI
adjusted


shipments


and unfilled


independently.


orders are seasonally


Seasonally


adjusted


new


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