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:
March 1968
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:
AA00008477:00169

Related Items

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

Full Text
C3.C? : m-l 1n (- 0
CURRENT INDUSTRIAL REPORTS

Manufacturers' Shipments,

/ Inventories, and Orders

*** APRIL 1977
U.S. Department of Commerce For Release June 1, 1977 2:00 P.M.
BUREAU OF THE CENSUS Series: M3-1(77)-4


All figures in text below are in seasonally adjusted current dollars


Shipments of manufactured products declined by $1.5 billion
or 1 percent to $109.9 billion while new orders were virtually
unchanged at $111.9 billion, the Department of Commerce,
Bureau of the Census reported today. The shipments decline
resulted from a $2.2 billion or 4 percent decrease in shipments
of durable goods. Last month shipments of durable goods in-
creased by 8 percent or $4.3 billion. The durable goods decline
was partially offset by a $0.7 billion or 1 percent increase in
nondurable goods. Inventories held by manufacturers rose 1 per-
cent or $1.6 billion to $171.0 billion.
Several industries contributed to the $2.2 billion decline in
durable goods shipments. Motor vehicles and parts showed the
largest decline with a $0.8 billion or 8 percent drop from
March. Blast furnaces and steel mills, and fabricated metal
products, declined $0.3 billion each, while aircraft and parts
declined $0.2 billion. The $0.7 billion increase in nondurable
goods was primarily the result of a $0.4 billion or 3 percent
increase in foods which accounted for over half the increase.
Textiles increased $0.2 billion or 6 percent, petroleum increased
by $0.2 billion or 3 percent
New orders for primary metals declined by 10 percent or
$0.9 billion, fabricated metals $0.4 billion or 6 percent, and
motor vehicles and parts declined $0.7 billion or 7 percent.
These decreases more than offset increases in aircraft and parts
($1.3 billion or 47 percent) and electrical machinery ($0.6
billion or 9 percent).
Since some of the electrical machinery categories are included
in the capital goods categories, the electrical machinery rise was
also reflected in the 2 percent increase in nondefense capital
goods. New orders for defense capital goods rose 58 percent


or $1.3 billion to $3.6 billion. The volatility of the series can
be seen in the changes during the past 12 months. During
this period new orders for defense capital goods averaged $2.4
billion per month and ranged from $1.2 billion in July 1976 to
$4.0 billion in December 197
The industry gro for some of the larger
increases in inven -bl e most part, not the
industries accou rf r the ship line. The foods in-
dustries showe largest increase in ories ($0.4 billion
or 2 percent) 1.i_ shipments also inc Inventories held
by machinery ti ucers showed an inc f $0.3 billion or
1 percent whi ~pments were virtually icpanged. The rest
of the increase w the result of sm t increases in many
industries. 4 ,


The figures on the durable goods industries in this report
supersede those issued earlier in the advance report on durable
goods. The present report is based on more complete reporting,
but the estimates are also considered preliminary. Final figures
will appear as historical data in the report to be published for
next month. The advance report on durable goods for May is
scheduled for release on June 21, 1977 and the full report is
scheduled for release on June 30, 1977.
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 5.


Address inquiries concerning these figures to U.S. Department of Commerce, Bureau of the Census, Industry Division, Washington, D.C. 20233, or call
William Menth, (301) 763-2502.
For sale by the Subscriber Services Section (Publications), Bureau of the Census, Washington, D.C. 20233, or any U.S. Department of Commerce district
office. Postage stamps not acceptable; currency submitted at sender's risk. Remittances from foreign countries must be by international money order or
by a draft on a U.S. bank. Price 30 cents per copy, $3.60 per year.











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

(Millions of dollars)


Industry group





All manufacturing indus-
tries: 3
Total...................
Total, excluding trans-
portation........ .....

Durable goods industries, total.

Stone, clay, and glass products.

Primary metals, total .........
Blast furnaces, steel mills.
Nonferrous and other
primary metals .............

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

Machinery, ex .r.r r... a-,- I,
total............... ........
Engines and turbines........
Farm machinery and equipment.
Constructi -.1. ,in'i i, i
material I..n. I nc.-i i -....r.
Metalworking mach1ncry......
General industrial machinery

Electrical machinery, total...
Electrical transmission andI
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 military
tank vehicles ..............

Instruments and related
products, tolI ............
Scientific. and engineering..
Photocriaphic goods..........

All other durable good
industries ...................

Nondurable goods indus t r-,
total3 .......................

Food ail kindred products ,
total. ........................
Meat produa ts........ ...
Fats .nd oil s...............

Tobacco p ducts ...............
Textile mill products .........

Paper and allied prodwfts,
total ........................
Pulp, paper, etc .............
Paperholard contain rs......
All othl r pape r cont aine r..

Chemical and al lied prtlducts,
total ............... .... .... ..
Inltut r1il chem cials, except
pigmK, t ....................
Dri"g, 'o-p, Imn toilet ries.

Petroltum andu oeal prldll'ts.. .
Rubber nrd plasticsl pr ,ducti,
n. ................ .......
All ot hr nondurable goods
indu tri,.st ...................
Se, footnotes at end of table.


Shipments


Total inventories


Seasonal a Without seasonal I Without seasonal
Seasonally adjusted Seasonally adjusted adjustment


Apr.
1977P


109,894

96,627

56,832

2,826

8,024
3,955

3,201


7,433

631


10,086
933
867

1,765
557
808

b,651


1,277
834
435
1,774

13,267
9,3 26

2,483

602


:,359
1,375
797


6,186


53,062


l5, 8)1
1,925
1,588

736
3,705


4,663
2,023
1,0 9
1,345


9,457

3,244
2,290

7,901

3,010

7,739


Mar.
1977r


111,443

97,036

59,051

2,989

8,534
4,266

3,387


7,707

707


1I, 110
913
856

1,794
559
942

6,643


1,282
850
467
1,826

14,407
10,126

2,731

641


2,344
1,367
785


6,317


52,392


15,451
3,809
1,463

738
3,503


4,579
2,020
1,097
1,462




1,217
2,315



1,118

7,661


106,159

93,409

54,729

2,765

7,590
3,708

3,019


7,048

628


9,858
906
934

1,727
581
896

6,549


1,311
924
461
1,658

12,750
8,665

2,587

590


2,258
1,325
758


5,911


51,430


15,.;7
3,743
1,343

703
3, 346


4,415
1,957
1,026
1,452


9,126

3,160
2,178

7,831

1,037

7,673


Apr.
1977P


111,760

97,949

58,520

2,887

8,590
4,279

3,384


7,500

627


10,452
912
1,004

1,880
552
819

6,618


1,302
848
373
1,827

13,811
9,669

2,519

616


2,306
1,383
748


6,296


53,240


15,499
3,827
1,583

704
3,1654


4,643
2,042
1,098
1,50 3


10,035

3,338


7,855

3,155

7,695


114,339

99,566

60,688

2,943

8,847
4,539

3,390


7,689

671


10,910
1,060
1,087

1,882
642
981

6,813


1,346
917
447
1,856

14,773
10,360

2,792

639


2,372
1,402
769


6,341


53,651


15,797
3,798
1,460

714
3,659


4,647
1,973
1,090
1 5>1 7


1,5174



2,176

7,597

3,215

7,804


Feb.
1977 r




106,936

93,887

54,908

2,546

7,774
3,831

3,089


6,926

568


10,146
891
956

1,820
601
901

6,634


1,367
876
467
1,686

13,049
9,001

2,700

562


2,193
1,334
685


5,640


52,028


15,475
3,713
1,451

7l1
1,270


4,492
1,958
1,017
1, 1


9,399




3,948


71 19
,719


Apr.
1977p


170,969

151,347

108,450

4,185

17,330
10,270

6,084


13,318

1,302


24,563
2,068
2,322

5,436
1,608
2,577

14,835


3,001
1,712
801
4,499

19,622
6,484

10,356

1,281


4,805
2,993
1,316


9,792


62,519


16,48'7
1,375
2,084

3,5.8
,,1'


5,410
1',1,
1,4,3
1,904



3,(

3,90

5,-t

.,i>,


Mar.
1977r


169,379

149,951

107,685

4,142

17,323
10,232

6,101


13,265

1,275


24,417
2,005
2,299

5,455
1,609
2,490

14,647


2,978
1,597
826
4,414

19,428
6,548

10,174

1,218


4,728
2,958
1,273


9, 735


61,694


168,449

148,937

107,222

4,234

17,276
10,154

6,154


13,249

1,147


24,253
1,966
2,240

5,575
1,588
2,445

14,317


2,899
1,543
773
4,330

19,512
6,,540

10,206

1,239


4,687
2,918
1,278


9,694


61,227


10,130 15.91.
1,308 ..,
1,995 I,-
3,484 3,518




5,352 5,271
2,047 2,026
1,407 1,3;
l,t1TO] ,


I.752


't,869.


5, 51;
4,oi 3


Apr.
1977P


172,115

152,487

109,484

4,333

17,452
10,218

6,205


13,516

1,380


24,907
2,060
2,411

5,534
1,616
2,632

14,976


3,034
1,717
801
4,530

19,628


10,408

1,276


4,842
3,014
1,334


9,830


02,631


16,233
1 .1.


3,037







1, 7


991 13,149

3.t l 3,822
37;8 3,954

5 5,19b

4,I0101 4,142


Mar.
1977r


170,818

151,188

108,726

4,260

17,414
10,191

6,192


13,458

1,353


24,744
2,012
2,426

5,602
1,604
2,533

14,726


3,000
1,623
782
4,498

19,630
6,587

10,295

1,218


4,721
2,973
1,262


9,773


62,092


16,085
1,343
2,161

3,721
5,<53


170,396

150,581

108,439

4,305

17,603
10,398

6,209


13,313

1,194


24,602
1,998
2,359

5,703
1,594
2,481

14,373


2,916
1,573
736
4,425

19,815
6,651

10,336

1,241





1,265


9,763


10,278
1,333
2,084

3,803
5,395


5,30 5,268
2,071 2,046 |
1,.03 1,375
1,87u 1,847
1 is 1


1,20. 1 ,26t3

3,798 3,938 9
3,85, 3,741

5.012 4,900

4,12> 4,0 68

9,141 8 ,924











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

(Millions of dollars)


Industry group


All manufacturing indus-
tries:3
Total....................
Total, excluding trans-
portation ..............

Durable goods industries, total.

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

Blast furnaces, steel mills.
Nonferrous and other
primary metal products.....

Fabricated metal products.....

Machinery, except electrical,
total........................

Engines and turbines........
Construction, mining, and
material handling equipment.
Metalworking machinery ......
General industrial machinery.

Electrical machinery, total...

Electrical transmission and
distribution equipment and
industrial apparatus .......
Household appliances........
Radio and TV ................
Communication equipment.....

Transportation equipment,
total.........................

Aircraft, missiles, and
parts......................
Shipbuilding and military
tank vehicles ..............

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

Nondurable goods industries,
total3 .........................

Industries with unfilled
orders........................
Industries without unfilled
orders3......................


New orders


Seasonally adjusted


Apr.
1977P




111,857

96,739

58,853

7,754

3,813

3,054

7,388


10,004

825

1,636
591
881

6,910



1,280
846
468
2,083


15,118


4,232

406


11,679


53,004


11,791

41,213


r r I-


111,927

97,323

59,299

8,615

4,304

3,438

7,832


9,991

737

1,820
547
837

6,338



1,321
836
272
1,634


14,604


3,014

459


11,919


52,628


11,772

40,856


Feb.
1977r


106,601

94,061

55,159

7,974

4,068

3,031

6,960


9,998

744

1,798
532
867

6,713



1,302
890
600
1,646


12,540


2,329

349


10,974


51,442


11,240

40,856


Without seasonal
adjustment'


Apr.
1977 p


113,536

98,552

60,211

8,593

4,414

3,220

7,498


10,499

870

1,707
612
918

6,792



1,330
852
403
1,984


14,984


3,696

408


11,845


53,325


11,844

41,481


Mar. Feb.
1977r 1977r


114,951

100,456

60,978

9,211

4,797

3,494

7,827


10,925

925

2,038
672
869

6,557



1,370
914
256
1,706


14,495


2,743

482


11,963


53,973


11,999

41,974


108,072

95,451

55,844

8,792

4,630

3,311

6,846


10,303

810

1,793
534
906

6,791



1,342
877
605
1,674


12,621


2,321

406


10,491


52,228


11,461

40,767


180,069

125,489

171,662

16,852

10,835

4,916

23,454


64,215

16,119

6,365
2,965
b,604

23,697



6,018
324
377
11,003


178,105

125,376

169,642

17,122

10,977

5,063

23,501


44,299

16,227

6,494
2,931
6,532

23,437



6,015
313
344
10.693


54,5801 52,729


36,441

9,234


8,864


8,407


8,407


34,801

9,430


8,554


8,463


8,463


Unfilled rd-rr

u Wit hout - i,dt us t m nti

Feb. Apr. Mar.
1977 1977p 19 r


177,623

125,089

169,394

17,041

10,939

5,012

23,374


44,419

16,403

6,468
2,943
6,637

23,741



5,976
327
539
10,885


52,534


34,537

9,613


8,285


8,229


8,229


180,247

126,315

171,591

17,783

11,506

5,157

23,254


44,372

16,361

6,308
2,968
6,657

23,454



6,004
322
348
10,839


53,932


35,877

9,385


8,796


8,656


S8,656


178,392

125,624

169,823

17,782

11,372

5,321

23,318


44,234

1 313

6,481
2,908
6,558

23,280



5,975
318
318
10,682


52,768


34,808

9,592


8,441


Seasonally adj


8,569 8,248


8,569


Represents zero. PPreliminary. rRevised.
'Adjusted for trading-day and calendar-month variations.
2Historic data for the all manufacturing industries with unfilled orders and the durable goods indusi
available in table A. Beginning in May, 1977 the data will be incorporated into the appropriate tables.
3The following data reflect revised January 1977 shipments and new orders:


tries with unfilled orders are


All manufacturing
industries........

Nondurable.........
Food and kindred
products........
Industries without
unfil led orders.


Shipments

Unadjusted Adjusted


96,718

47,529

14,283


103,475

50,228

14,920


(X) (X) 37,158 39,2 '


8,248


New orders


Unadjusted



99,141

47,762

(X)


Adjusted



105,194

50,251

(X)


Feb.
1977



177,780

124,735

169,532

17,419

11,114

5,217

23,180


44,220

16,446

6,326
2,878
6,670

23,534



5,952
321
508
10,831


53,045


34,875

9,749


8,134











Table 2.--VALUE OF MANUFACTURERS' SHIPMENTS, INVENTORIES, AND ORDERS, FOR MARKET CATEGORIES AND SUPPLEMENTARY SERIES
(Millions of dollars)


I ndust ry group






All manufacturing industries, total'.

Durable goods industries, total............
N',ndurable goods industries, total 3 ........

Industry groups arranged by market
cat ego to
Home- gods and apparel...................
Consumer s taples ........ ..... ......... ..
Equipment and defense products, except
aut omot ive...................... .......
Automot i ve equ ipment ............... .....
Cons traction mIaterials, supplies, and
intermed late products .............
Other materials and supplies and
int ,,ned i ate products .. .............. .

Supplemen tary ser is :2
Household durable goods indus t es .......
Capital goods industries..................
Nondo e nse...................... ........
Defense, ....................... ......




All manutacluring industries, total'.

Diirable goods industries, total ..... .......
Nondurabl- goods industries, total ........

Industry groups arranged by market
categories :
Home goods and apparel...................
Cons umer s t aples3 .............. ........
Equipment and defense products, except
autot in ive ....................... .......
Automotivu tqu ip Pent. ................
Construction materials, supp i es., and
intermn i lal products ...................
Other matter ils and supplies atil
I nt rrnmedi t product ts...................

Sllppl i eent ary s-ri es : 2
Houseohold durable goods indus ri es.......
api t a g od industries.. .......... ......
N done ...........................
Di ftense.......... .....................


Seasonally adjus ted


Without seasonal
adjustment'


Apr. Mar. Feb. Apr. Mar. Feb.
1977p 1977r 1977r 1977p 1977r 197 r

Shipments


Seasonally adjusted


Without seasonal
adjustment


Apr. Mar. Feb. Apr. Mar.r Feb.
1977p 1977r 1977 1977P 1977 1977

Total inventories


----_ ----_ ---_---- ----_---- ---- ---- ---- ----_---_---


109,894

56,832
53,062



8,415
19,610

14.788
11, 307

9,509

46.265


3,413
16,770
14,303
2,467


111,443

59,051
52,392



8,398
19.323

14,970
12.142

9,795

46,815


3,542
17,049
14.373
2,676


106,159

54,729
51,430



8,285
19,001

14,413
10,524

9,233

44,703


3,366
16,417
13,859
2,558


111,760

58,520
53.240



8,309
19,250

15.215
11,777

9,816

47,393


3,366
17,051
14,567
2,484


114,339

60,688
53,651



8,752
19,615

15,743
12,378

9,662

48,189


3,650
17,825
15,174
2,651


106,936 170.9691169,3791168,449 172,115


54,908 108,450 107,685
52,028 62,519 61,694


8.240
19,092

14,625
10,662

8,624

45,693


3,297
16,825
14,251
2,574


14,664
23,880

39,818
8,645

14,517

69,445


7,457
44,488
37,873
6,615


14,296
23,531

39,393
8,728

14,560

68,871


7,275
43,992
37,475
6.517


107,222
61,227



14,056
23,327

39,231
8,718

14,663

68,454


7,117
43,737
37,112
6,625


109,484
62,631



14.735
23,686

40,277
8,639

14.723

70,055


7,519
44,903
38,260
6,643


170,818

108,726
62,092



14,309
23.551

39,925
8,848

14,760

69,425


7,285
44,428
37,840
6,588


170,396

108,439
61,957



14,027
23.736

39,732
8,900

14,743

69,258


7,153
44,193
37,480
6,713


New orders Unfilled orders


111,857 111.927

58.853 59.299
53.004 52,628


8,599
19,604

16.380
11.634

9.542

46.098


3,574
18,514
14,914
3,600


8,273
19,316

14,649
12,413

9,706

47,570


3.425
16,946
14.667
2,279


106,601

55,159
51,442



8,413
19.008

14,352
10,.717

9,227

44,884


3,510
16.165
14,335
1,830


113,536

60,211
53,325



8,534
19.215

16,.396
11,955

9,844

47,592


3,532
18,318
15,230
3,088


114.951

60,978
53,973



8,656
19,586

15.,350
12,517

9,722

49,120


3,549
17,470
15.344
2,126


108,072 180,069 178,105 177,623 180,247 178,392

55,844 171,662 169,642 169,394 171,591 169,823
52.228 8,407 8.463 8,229 8,656 8,569


8, -1-
19, .'-

14, -
10, :

8,554

47,030


3,500
16,477
14,695
1,782


, 3,549


177,780

169,532
8,248




3.368


i", 174 101.057 101,1081149.0111100,8961 101.152


18,073 18,040

55,473 55,638


2,853
111,80 3
80,258
31,545


2,692
110.058
79,647
30,411


18,129 18,014

54,885 56,551


110.163
79.354
30,809


2,734
111.330
80,144
31,186


17,987

56,262


2,569
109,971
79.389
30,582


17,927

55.333


2,668
110,328
79,221
31,107


During 196R manuf aturers in ordnance, comirinu llions airt 1 raiti and aircraft parts, and shipbuilding industries began to provide aggre-
iitr figlurs oin shipmentss, orders, atnd total inventories of work performed for the Department of Defense. The results of the se reports are
in cludd,-o in Ih defense series. PProliminary. rReviseid. 'Shipments and noew orders adjusted for trading-day and calendar -month
vri at i ns; un I lled orders and iinventoies a if tond f month. ?The supplementary series are regrouping of the separate Induti ry
it tg rie is a follows:

H'*u-sehold durable .otds indus tri-s Hlous-hold furniture; kitchi-n articles and pottery; cutlery, handtools, and hardware; household
.appl i antcs ; ophi haltI* goods wa; t'is, and clocks watchcases ; and miscel laneous personal goods.
Cipi tal goods industries The apat tal goods industries series is comparable ito the prev ous Prodtucers' Capital Goods and the De prtductls t(old series' categori,,s.
Nondefense industries Machinery, except electricall (excluding farm machinery and equipment and machine shops), electrical
machinery (excluding household appliances and electronic components), railroad equipment and the nondefense portions of ship-
building and military tank vehicles, communication equipment, aircraft, aircraft parts and ordnance.
Defense products (now series) Based on separate reports on di.lnse work filed by larKg detensi e contractors in the following
industries ordnance, communications, complete aircraft, aircraft part.;, and shipbuilding and military tank vehicles. The-
data are comparable to these published annually in the MA-175, Shipment, of Defense-Ortented Industries, for the specified
Indus t r is -.

foIe Iollowing daila ret'lrt revised January 1977 silipments iand new orders:


Al I manufacturing. ....

Nondurable.i .. ....

Indust ry groups arranged
by market clategor es :
Consumer staples. ......


Sh I pment t

Unadu used Ad just ed


96,718 11103.41

47,529 S0,228



17.653 18.594


New Orders

(nad usedd Ad lusted


99.141 105.194

-47.7'62 50.251


17,/ 75


I











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


(Based on seasonally adjusted data)


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


Month-to-month


Mar.- Feb.- Jan.-
Apr. Mar. Feb.
1977 1977 1977


Average monthly rates of change


A


3 months

Jan.- Oct. 1976-
pr 1977 Jan 1977


July-
Oct. 1977


12 months

Apr. 1976
Apr. 1977


Average, 1971-1976


Average Average
rise decl ine.




.1.5 -1.1

+1.8 -1.5
+1.6 -1.1


+1.0; -0.4


'1.91 -1.7
+3.1 -2.1
+1.8 -1.1


+1.2 -2.7


Table 4.--VALUE OF MANUFACTURERS' INVENTORIES, BY STAGE OF FABRICATION, BY INDUSTRY GROUP
(Millions of dollars)

Without seasonal Without seasonal
Seasonally adjusted Wit saonal Seasonally adjusted ssonal
adjustment adjustment
Industry group
Apr. Mar. Feb. Apr. Mar. Feb. Apr. Mar. Feb. Apr. Mar. Feb.
1977p' 1977r 1977 1977P 1977r 1977 1977P 1977r 1977 1977 1977r 1977

Total Materials and supplies


All manufacturing industries, total.. 170,969 169,379 168,449 172,115 170,818 170,396 62,530 62,203 61,217 62,438 62,259 61,707
Durable goods industries, total............ 108,450 107,685 107,222 109,484 108,726 108,439 35,735 35,798 35,229 35,549 35,534 35,279
Stone, clay, and glass products.......... 4,185 4,142 4,234 4,333 4,260 4,305 1,487 1,471 1,435 1,500 1,483 1,436
Primary metals............ ......... 17,330 17,323 17,276 17,452 17,414 17,603 8,286 8,354 8,174 8,126 8,131 8,161
Machinery (electrical and nonelectrical). 39,398 39,064 38,570 39,883 39,470 38,975 10,946 10,985 10,842 11,054 11,014 10,899
Tansportation equipment................... 19,622 19,428 19,512 19,628 19,630 19,815 4,790 4,815 4,845 4,746 4,855 4,884
All other durable goods industries....... 27,915 27,728 27,630 28,188 27,952 27,741 10,226 10,173 9,933 10,123 10,051 9,899
Nondurable goods industries, total......... 62,519 61,694 61,227 62,631 62,092 61,957 26,795 26,405 25,988 26,889 26,725 26,428
Chemicals and allied products............ 13,049 12,962 12,991 13,149 13,204 13,261 5,336 5,261 5,260 5,320 5,299 5,297
Petroleum and coal products................ 5,249 5,156 5,083 5,196 5,012 4,960 1,895 1,947 1,785 1,930 1,899 1,754
Rubber and plastics products, n.e.c ...... 4,057 4,079 4,000 4,142 4,126 4,068 1,484 1,503 1,464 1,512 1,516 1,479
All other nondurable goods industries.... 40,164 39,497 39,153 40,144 39,750 39,668 18,080 17,694 17,479 18,127 18,011 17,898

Work in process Finished goods

All manufacturing industries, total.. 53,183 52,699 52,752 53,539 53,189 53,222 55,256 54,477 54,480 56,138 55,370 55,467
Durable goods industries, total............ 43,381 43,343 43,611 44,207 43,875 44,044 28,884 28,544 28,382 29,728 29,317 29,116
Stone, clay, and glass products.......... 647 645 661 704 697 679 2,051 2,026 2,138 2,129 2,080 2,190
Primary metals............................ 5,641 5,743 5,846 5,821 5,873 5,984 3,403 3,226 3,256 3,505 3,410 3,458
Machinery (electrical and nonelectrical). 17,001 16,660 16,564 17,066 16,792 16,718 11,451 11,419 11,164 11,763 11,664 11,358
Transportation equipment.................. 12,385 12,188 12,206 12,408 12,313 12,366 2,447 2,425 2,461 2,474 2,462 2,565
All other durable goods industries ....... 8,157 8,107 8,334 8,208 8,200 8,297 9,532 9,448 9,363 9,857 9,701 9,545
Nondurable goods industries, total......... 9,352 9,356 9,141 9,332 9,314 9,178 26,372 25,933 26,098 26,410 26,053 26,351

Chemicals and allied products............ 2,185 2,195 2,100 2,222 2,248 2,119 5,528 5,506 5,631 5,607 5,657 5,845
Petroleum and coal products................ 1,124 1,120 1,121 1,118 1,082 1,085 2,230 2,089 2,177 2,148 2,031 2,121
Rubber and plastics products, n.e.c ...... 687 700 715 708 718 750 1,886 1,876 1,821 1,922 1,892 1,839
All other nondurable goods industries.... 5,356 5,341 5,205 5,284 5,266 5,224 16,728 16,462 16,469 16,733 16,473 16,546

PPreliminary.
rRevised.


A


. _










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

(Based on seasonally adjusted data)


Industry group




All maInufacturing industries, total.................
Durable ocI indus tries, total ............. ............
St one. l vy. and glass products..........................
if ip' ry meta s ....................... ............ ........
Fabric.r tcd m talks .................... .......... .........
Machin ery. ecept electrical.............................
El ec 11 ii machinery ......... ............................
Transpor t t ion equipment............... .... ..............
Ins u.,>nts and related products ................. ........
Nondiu able g ds industries, ttnlI2 ............... ........
Food ,-d k ndor d proijucts................................
Sob, cco pir ducts .......... ........................... .
Texl ile rill ploi ducts.............................. ... ...
Papor and ;i ed products ................................
Chemical, and allied products ............ ...............
Petroleum and coal products ............................ .
,ubber and plastics products, n.e.c.............. ........


SInent ories shipments ratio


______n____ e -______ shipment_ ra io


Apr.
1977p


Mar.
1977r


1.56 I 1.52
1.91 1.82
1.48 1.39
2.16 2.03
1.79 1.72
2.44 2.42
2.23 2.20
1.48 1.35
2.04 2.02
1.18 1.18
1.04 1.04
4. 82 4.72
1. rt 1.53
1.16 1.17
1.38 1.34
D.35 0.673
. 35 1.31


Feb.
1977 r


Jan.
1977r


A
1


Unfilled orders shipments ratio'
months' backlog)


pr.
977P

3.19
3.85
0.95
2.10
3.45
4.80
3.56
8.83
1.65
0.71
(X)
(X)
(NA)
(NA)
(X)
(X)
(X)


Mar.
1977r'


Feb.
1977r


;NA' Ns. available. PPreliminary. rRevised. 'X) Not applicable.
'Excludes the following Industries with no unfilled orders: Wood and lumber products; glass containers; metal cans, barrels and drums;
motor v hicles assembly operations; foods and related products; tobacco; apparel and related products: chemicals petroleum and coal
products: and rubber and plastics products, n.e.c.
2The following data reflect revised January through December 197r, for inventories-shipments ratio:



Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec,


Nonlirable......... 1.21 1.21 1.21 1.19 1.22 1.22 1.24 1.26 1.26 1.27 1.25 1.24


~


-- I










MANUFACTURERS' SHIPMENTS, INVENTORIES AND ORDERS

For many industries, mostly in the nondurable goods area, a backlog of unfilled orders is not estimated. For the most part, goods aie produced for ani .' from inventories in
these industries and new orders are estimated as equal to shipments. New orders estimated in this way are definitionally different* fron, rnew orders in s. t es which have a
backlog of unfilled orders; wherein new orders are estimated by adding the change in backlog of unfilled orders to shipments. Essentially, the difference between the two esti-
mation methods is that new orders based on shipments alone reflect current activity while new orders based on shipments and backlog of unfilled order; 'I include some in-
dication of future activity. The new orders calculations are explained more fully in the text accompanying the recent benchmark publication.
The following aggregates are based on industries with a backlog of unfilled orders:












TABLE A. VALUE OF MANUFACTURER'S SHIPMENTS, INVENTORIES, AND ORDERS FOR INDUSTRIES WITH UNFILLED ORDERS


YEAR JANUARY FEBRUARY MARCH APRIL MAY


JUNE JULY AUGUST SEPTEMBER OCTOBER iV EME ; DECEMBER


ALL MANUFACTURING INDUSTRIES WITH


UNFILLED ORDERS


SHI PMENTS


WITHOUT SEASONAL ADJUSTMENT


38,919
41,416
44,443
49,325


42,901
45,068
49,088
54,388


SEASONALLY ADJUSTED


42,164
44,842
48,221
52,956


42,643
44,880
48,989
54,034


44,706
44,985
51,815
58,859



43,505
43,825
50,534
57,477


WITHOUT SEASONAL ADJUSTMENT


43,779
38,981
43,860
51,748


47,303
42,864
49,117
55,524


SEASONALLY ADJUSTED


46,111
41,665
46,976
54.675


46,308
42,040
48,481
54.476


47,797
41,502
52,783
59,577



46,447
40,226
51,298
58,070


WITHOUT SEASONAL ADJUSTMENT


86,467
107,876
104,979
112,090


88,370
109,106
105,419
113,248


SEASONALLY ADJUSTED


86,299
107,579
104,590
111,367


87,891
108,403
104,695
112,294


89,965
108,904
106,122
113,598



89,384
108,138
105,352
112,751


1974......
1975 ......
1976......
1977 ......


1974......
1975......
1976 .....
1977 ......


44,504
45,180
50,919
57,361



43,839
44,595
50,359
56,380


45,765
44,482
51,727
(X)



45,197
43,988
51,169
(X)


48,695
47,008
54,213
(X)



45,686
44,097
50,864
(X)


42,283
41,141
46,771
(X)



46,125
44,799
50,943
(X)


45,949
44 864
50,620
(X)



46,648
45,510
51 433
I;()


49,l7
48,4~2
53,46,




,./,069
46,389
51,169
(X)


49,450
48,593
52.351
(X)



47,519
46,548
50,288
(X)


47,330
46,418
51,362
(X)



47,187
46,249
51,295
(X)


43,097
45,183
51,050
(X)



44,975
47,251
53,694
(X)


1974......
1975 ......
1976......
1977 ......



1974 ......
1975......
1976 ......
1977......


NEW ORDERS


47,601
42,540
51,198
59,137



46,861
42,052
50,595
58,343


49,233
41,527
50,893
(X)



50,395
42,720
52,003
(X)


52,145
44,871
54,940
(X)



49,303
41,796
51,402
(X)


48,224
43,489
48,933
(X)



49,813
44,695
50,822
(X)


52,232
44,767
49,854
(X)



52,027
44,653
49,909
(X)


50,319
46,929
32,675
(X)



49,370
45,695
51,257
(X)


1974......
1975......
1976......
1977......


47,322
47,077
53,643
(X)



46,088
45,762
52,251
(X)


45,096
45,555
51,273




45,833
16,319
52,160
(X)


40,194
43,916
52,602
(X)



42,506
46,514
55,819
(X)


INVENTORIES


1974......
1975......
1976 ......
1977......


91,747
109,226
106,802
114,639



90,892
108,214
105,830
113,624


93,707
108,946
107,359
(X)



92,790
107,951
106,410
(X)


94,884
107,713
107,591
(X)



94,564
107,447
107,284
(X)


96,476
106,644
107,420
(X)



96,791
107,094
107,871
(X)


98,462
105,854
107,905
(X)



98,736
106,275
108,327
(X)


100,170
104,890
108,378
(X)



100,876
105,715
109,198
(X)


101,766
104,590
109,617
(X)



102,724
105,667
110,722
(X)


103,198
104,752
110.396
(X)



104,205
105,792
111,i)0
(X)


105,888
104,451
110,608
(X)



106,437
104,949
110,868
(X)





UNIVERSITY OF FLORIDA



8 3 1262 08589 4854

TABLE A. VALUE OF MANUFACTURER'S SHIPMENTS, INVENTORIES, AND ORDERS FOR INDUSTRIES WITH UNFILLED ORDERS--Continued


YEAR JANUARY FEBRUARY MARCH APRIL MAY JUNE JULY AUGUST SEPTEMBER OCTOBER NOVEMBER DECEMBER


DURABLE GOODS INDUSTRIES WITH UNFILLED ORDERS

SHIPMENTS

WITHOUT SEASONAL ADJUSTMENT


31,119 34,370
33,139 36,075
34,872 38,673
38,954 43,127

SEASONALLY ADJUSTED

33,876 34,141
36,060 35,905
38,070 38,606
41,960 42,806


36,032 35,798 36,943 39,618 33,850 36,630
36,251 36,353 35,639 37,779 32,584 35,428
41,207 40,453 41,332 43,421 37,172 40,084
47,182 45,602 (X) (X) (X) (X)



34,959 35,077 36,231 36,836 37,006 37,473
35,195 35,700 34,999 35,086 35,573 36,215
40,060 39,812 40,618 40,348 40,600 41,035
45,941 44,531 (X) (X) (X) (X)


NEW ORDERS


WITHOUT SEASONAL ADJUSTMENT


35,712 38,626
30,850 33,916
33,969 38,543
41,144 44,063

SEASONALLY ADJUSTED

37,673 37,784
33,159 33,206
36,685 38,105
43,656 43,236


39,043 38,707 40,518 43,309 39,941 43,125
32,658 33,467 32,506 35,406 34,615 35,112
42,044 40,436 40,419 44,371 39,564 39,709
47,578 47,293 (X) (X) (X) (X)



37,910 38,058 41,564 40,605 40,833 42,928
31,543 33,017 33,587 32,496 35,144 35,031
40,789 39,911 41,415 40,991 40,691 39,767
46,298 46,552 (X) (X) (X) (X)


INVENTORIES


v 1VfrOUT SEASONAL ADJUSTMENT


1974 ...... 76,165 77,757
1975...... 94,981 96,274
1976....... 92,436 92,735
1977 ...... 98,381 99,274


1974 ......
1975 ......
197( ......
1977 ......


SEASONALLY ADJUSTED

75,941 77,251
94,630 95,535
92,007 91,982
97,615 98,291


79,207 80,621 82,287 83,239 84,580 86,318
96,073 96,577 96,357 95,196 94,273 93,471
93,362 93,832 94,141 94,166 93,928 94,326
99,398 100,245 (X) (X) (X) (X)




78,649 79,863 81,569 83,149 85,053 86,702
95,331 95,667 95,565 95,160 94,875 94,003
92,625 92,963 93,410 94,108 94,539 94,863
98,588 99,345 (X) (X) (X) (X)


NONDURABLE GOODS INDUSTRIES WITH UNFILLED ORDERS

SHIPMENTS


WITHOUT SEASONAL ADJUSTMENT


7,800 8,530
8,277 8,993
9,571 10,416
10,371 11,261

SEASONALLY ADJUSTED

8,288 8,502
8,782 8,975
10,151 10,383
10,996 11,228


8,673 8,706 8,821
8.,734 8,827 8,843
10,608 10,466 10,395
11,677 11,759 (X)



8,546 8,761 8,966
8,630 8,895 8,989
10,474 10,547 10,551
11,536 11,849 (X)


9,077 8,433 9,319
9,229 8,556 9,436
10,792 9,599 10,536
(X) (X) (X)



8,850 9,118 9,175
9,011 9,226 9,295
10,516 10,343 10,398
(X) (X) (X)


INVENTORIES


WITHOUT SEASONAL ADJUSTMENT


10,614
12,832
12,684
13.974


10.758 11,126 11,419
12,830 12,649 12,589
12,760 12,970 13,218
14,200 14,394 (X)


S EONALLY ADJUSTED


10,640 10,735 11.029 11,221
12,868 1I2,807 12,548 12 ,38
12,713 12,727 12,867 13,000
14,003 14.163 14,279 (X)


11,644 11,895 12,144
12,516 12,372 12,382
1,425 13,493 13.580
(X) (X) (X)



II. .14 11.738 12.06 1
1 2 2B7 1 .219 12,272
1.,17b 13.332 13,464


1974 ......
1975 ......
1976 ......
1977 ......



1974 ......
1975 ......
1976 ......
1977 ......


39,499
38,490
42,305
(X)



37,880
36,857
40,511
(X)


39,687
38,325
41,430
(X)



38,305
36,851
39,958
(X)


37,847
36,240
40,683
(X)



37,948
36,329
40,895
(X)


34,695
35,514
40,552
(X)



36,262
37,204
42,785
(X)


1974 ......
1975 ......
1976......
1977 ......



1974 .....
1975 ......
1976 ......
1977 ......


41,149
36,655
41,588
(X)



40,518
35,745
40,519
(X)


37,955
36,271
42,577
(X)



37,218
35,448
41,683
(X)


36,059
35,055
40,724
(X)



37,049
36,064
41,892
(X)


32,277
34,328
41,893
(X)



34,189
36,418
44,530
(X)


87,982
92,670
94,936
(X)




88,588
93,391
95,635
(X)


89,569
92,444
96,204
(X)




90,306
93,287
97,046
(X)


90,821
92,609
96,910
(X)




91,534
93,356
97,602
(X)


93,164
92,182
96,924
(X)




93,556
92,535
97,035
(X)


1974 ......
1975 ......
1976 ......
1977 ......



1974. .....
1975 ......
1976 ......
1977 ......


9,628
9.992
11,160
(X)



9.189
9,533
10.657
(X)


9,763
10,268
10,921
(X)



9,214
9,696
10,330
(X)


10,302
12,895
12,543
13,709


9,482
10,178
10,679
(X)



9,238
9,919
10.400
(X)


1974 ......
1975 ......
1976......
1977.....




1975 .....
1971 .. ..
1977 .....


8,402
9,668
10,498
(X)



8,713
10,047
10. 909
(X)


10, )5H
12, l I
l2,5B7'
13,75>2


12,188
12.220
13,442
(X)




12,325
13. 63
(X)


12,1947
12,146>
13,413





12,380
1 ,h76


12,377
12.143
13,486




12,~ 71
12,435
13.,808


12,724
12,269
13.684
(X)



12,881
12.414
13.833
(X)