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:
AA00008477:00172

Related Items

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

Full Text

U.S. Department of Commerce .
BUREAU OF THE CENSUS .. **
--i"____ ., ******* *
All figures in ini iy rAe'

New orders for manufactured products in July declined by
$3.3 billion or 3 percent to $108.4 billion the Department of
Commerce, Bureau of the Census reported today. New orders
for durable goods fell $3.0 billion or 5 percent to $55.6 billion
with most of the decline occurring in the transportation equip-
ment industries ($2.5 billion or 17 percent). Excluding the
transportation industries, new orders for all manufactured
products declined $0.9 billion or 1 percent. New orders for
nondurable goods industries decreased by $0.3 billion or less
than 1 percent to $52.8 billion.
In the transportation industries, several factors contributed
to the decline. After a major increase in June, new orders for
commercial complete aircraft declined to more average levels.
New orders for military aircraft showed a major decline for the
third consecutive month (new orders as published in this report
represent all new orders received less cancellations of existing
orders). This decline, as well as declines in other industries,
may have been affected by the change in the Federal Govern-
ment's fiscal year.
Beginning in 1976, the fiscal year was changed from a July 1-
June 30 basis to an October 1-September 30 basis. This change
in the Government's fiscal year probably affected the awarding
of contracts and other financial arrangements. Although -the
impact of this change is not known, the use of the previously
established seasonal patterns would have substantially distorted
the current data since these seasonal factors reflect historical
Government purchasing patterns. Therefore, new composite fac-
tors were developed by combining existing end of fiscal year
information with data for the previous calendar quarter (i.e.,
one quarter preceding the end of the fiscal year). These com-
posite factors were applied to the unfilled orders data for each
of the separately tabulated defense industries. This adjustment
also modified the new orders data. Similar adjustments could
not be made for nondefense Government orders since such data
are not compiled separately. The use of these factors raised the
level of new orders received by the defense capital goods in-
dustries although the estimate is $0.2 billion or 11 percent
below June.
Another factor affecting the new orders level is the estimate
for the motor vehicle and assembly industry where new orders
are defined as being equal to shipments since unfilled order
backlogs are not maintained. The derivation of the shipments
data and consequently the new orders information is explained
in the footnote in Table 1.
Shipments of all manufacturing products declined by $1.4
billion or 1 percent to $109.5 billion. Durable goods fell by
$1.1 billion or 2 percent to $56.7 billion with declines in


manufacturers' Shipments,

inventories, and Orders


JULY 1977
r For Release 2:00 P.M. August 30, 1977
.1 .series: M3-1(77)-7

seasonally adjusted current dollars.


transportation industries ($0.6 billion), fabricated metals
products ($0.4 billion) and primary metals industries ($0.3
billion) accounting for virtually all of the decline. Shipments of
nondurable goods industries fell $0.3 billion to $52.8 billion
with a $0.6 billion decline in the chemical industries being
partially offset by increases in petroleum and coal products.
Reflecting the decreases in the transportation equipment
and machinery industries, new orders for the nondefense
capital goods industries decreased by $1.5 billion or 10 percent
to $14.2 billion. With the decline in new orders and a small
increase in shipments ($0.4 billion), the backlog of unfilled
orders for the nondefense capital goods industries declined by
$0.4 billion or 0.5 percent to $81.8 billion.
Unfilled orders for all manufacturing industries declined
$1.1 billion or 0.6 percent to $182.0 billion. Excluding trans-
portation, unfilled orders for all manufacturing industries
showed a slight decline of $0.1 billion or 0.1 percent. The
transportation equipment industries registered a $1.0 billion
or 2 percent decline to $55.3 billion. The majority of this
decline occurred in the aircraft and parts industries ($0.7
billion) and shipbuilding and military tank vehicles industries
($0.2 billion).
Inventories held by manufacturers rose $1.0 billion or less
than 1 percent to $174.8 billion in July with most of the rise
($0.8 billion) in the work in process portion of the inventories.
Over two-thirds of the total inventory increase was reflected
in the $0.6 billion rise in the inventories held by durable goods
producers. Inventories held by producers of fabricated metal
products increased 2 percent or $0.2 billion to $13.7 billion
and those held by producers of primary metal products in-
creased 1 percent or $0.1 billion to $17.8 billion. The shipments
for both these industries declined. Inventories held by pro-
ducers of nondurable goods increased by $0.3 billion or less
than 1 percent to $63.7 billion with increases reflected in the
chemical ($0.3 billion) and petroleum and coal products in-
dustries ($0.2 billion) being partially offset by decreases re-
ported by the foods industries ($0.3 billion).

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 August
is scheduled for release on September 22, 1977 and the full
report is scheduled for release on October 3, 1977.


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.


CURRENT INDUSTRIAL REPORTS









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

(Millions of dollars)


Seasc
Industry group

July
1977P


All manufacturing indus-
tries:
Total ................... 109,494
Total, excluding trans-
portation .............. 96,265
Total for industries
with unfilled orders... 56,666

Durable goods industries, total. 56,654

Durable goods with unfilled
orders......................... 44,889

Stone, clay, and glass products. 2,920

Primary metals, total......... 8,124
Blast furnaces, steel mills. 4,258
Nonferrous and
other primary metals....... 2,963

Fabricated metal products
total........................ 7,074
Metal cans, barrels, and
drums...................... 626

Machinery, except electrical,
total........................ 10,198
Engines and turbines......... 987
Farm machinery and equipment. 816
Construction, mining, and
material handling equipment. 1,840
Metalworking machinery...... 563
General industrial machinery 881

Electrical machinery, total... 6,854
Electrical transmission and
distribution equipment and
industrial apparatus....... 1,376
Household appliances........ 936
Radio and TV................ 489
Communication equipment..... 1,828

Transportation equipment, total' 13,229
Motor vehicles and parts2... 9,152
Aircraft, missiles, and
parts...................... 2,615
Shipbuilding and military
tank vehicles.............. 636

Instruments and related
products, total.............. 2,323
Scientific and engineering.. 1,399
Photographic goods.......... 744

All other durable goods
industries................... 5,932

Nondurable goods industries,
total .......................... 52,840

Nondurable goods with unfilled
orders......................... 11,777

Food and kindred products,
total........................ 15,802
Meat products............... 3,869
Fats and oils............... 1,749

Tobacco products.............. 671
Textile mill products......... 3,552

Paper and allied products,
total........................ 4,474
Pulp, paper, etc............ 1,997
Paperboard containers ....... 954
All other paper containers.. 1,523

Chemicals and allied products,
total........................ 8,938
Industrial chemcials, except
pigments................... 2,957
Drugs, soap, and toiletries. 2,277

Petroleum and coal products... 8,115
Rubber and plastics products,
n.e.c........................ 2,996
All other nondurable goods
industries................... 8,292
See footnotes at end of table.


Shipments Total inventories

Without seasonal seasonally adjusted Without seasonal
ally adjusted adjustment' Seasonally adjusted adjustment'

June May July June May July June May July June May
1977r 1977 1977 1977r 1977 1977P 1977r 1977 1977P 1977r 1977


110,884

97,022

57,012

57,774


45,261

3,010

8,428
4,471

3,050


109,458

96,133

56,431

56,717


44,723

2,860

8,296
4,244

3,169


102,898

90,615

52,025

52,636


41,108

2,869

7,438
3,892

2,735


7,461 7,253 6,693

688 659 712


9,920
810
842

1,821
598
836

6,753


1,316
964
511
1,804

13,862
9,712

2,732

608


2,324
1,352
764


6,016


10,060
829
880

1,877
543
886

6,555


1,306
827
495
1,691

13,325
9,074

2,866

580


2,321
1,395
749


6,047


9,291
772
693

1,776
490
827

6,195


1,189
931
392
1,688

12,283
8,379

2,463

608


116,861

101,706

60,790

62,574


48,733

3,249

9,070
4,735

3,337


7,924

766


10,911
911
934

1,994
667
918

7,166


1,430
1,053
521
1,899

15,155
10,606

2,937

659


2,139 2,452
1,276 1,437
718 809


5,728 6,647


110,762

96,576

57,072

58,405


45,531

2,991

8,661
4,384

3,334


174,772

154,354

116,708

111,058


102,034

4,343

17,756
10,557

6,195


173,818

153,448

115,954

110,421


101,444

4,251

17,645
10,500

6,150


7,397 13,694 13,472

669 1,293 1,249


10,096
855
933

1,902
559
906

6,493


1,335
848
404
1,722

14,186
9,711

2,915

617


2,295
1,388
742


6,286


24,998
2,132
2,442

5,368
1,642
2,646

15,328


3,090
1,657
874
4,833

20,418
7,065

10,455

1,391


24,871
2,182
2,361

5,364
1,612
2,649

15,343


3,066
1,725
854
4,746

20,370
7,191

10,317

1,357


4,845 4,735
3,079 3,009
1,308 1,280


9,676 9,734


53,110 52,741 50,262 54,287 52,357 63,714 63,397


11,751 11,708 10,917


15,822
3,985
1,666

695
3,464


4,586
2,008
1,039
1,539


9,554

3,451
2,276

7,921

3,120

7,948


15,261
3,986
1,553

709
3,558


4,593
2,060
1,027
1,506


9,364

3,039
2,273

8,159

3,116

7,981


14,974
3,788
1,610

684
3,101


4,260
1,936
915
1,409


8,457

2,978
1,997

8,160

2,798

7,828


12,057


15,817
3,933
1,615

738
3,725


4,822
2,086
1,074
1,662


9,807

3,344
2,315

8,131

3,294

7,953


11,541 14,674 14,510


15,028
3,942
1,517

723
3,571


4,570
2,069
1,035
1,466


9,783

3,227
2,104

8,055

3,142

7,485


16,036
1,390
1,825

3,635
5,481


4,375
2,138
1,472
2,012


13,595

4,032
4,021

5,712

4,154

9,479


16,360
1,366
2,013

3,596
5,473


5,568
2,101
1,477
1,990


13,306

3,905
3,995

5,546

4,104

9,444


172,629

152,894

114,571

109,154


100,109

4,258

17,584
10,444

6,159


13,396

1,264


24,566
2,110
2,356

5,346
1,642
2,583

15,088


3,038
1,760
805
4,660

19,735
6,624

10,318

1,349


4,785
3,002
1,314


9,742


63,475


14,462


16,819
1,406
2,185

3,582
5,473


5,534
2,091
1,470
1,973


173,117

153,395

116,002

110,199


101,148

4,389

17,633
10,389

6,251


173,022

153,279

115,972

110,229


101,188

4,318

17,645
10,395

6,230


173,087

153,578

119,244

109,925


104,543

4,355

17,615
10,381

6,209


13,804 13,624 13,613

1,349 1,339 1,363


24,794
2,110
2,413

5,293
1,632
2,651

15,278


3,047
1,674
906
4,732

19,722
6,592

10,281

1,363


24,910
2,150
2,380

5,364
1,599
2,676

15,439


3,044
1,770
888
4,685

19,743
6,853

10,105

1,314


24,852
2,108
2,410

5,415
1,646
2,637

15,333


3,060
1,804
863
4,655

19,509
6,485

10,236

1,330


4,879 4,811 4,846
3,073 3,033 3,023
1,344 1,315 1,343


9,700


62,918


9,739


62,793


9,802


63,162


14,834 14,784 14,701


15,391
1,358
1,661

3,257
5,541


4,485
2,131
1,489
2,021


13,152 13,521

3,892 3,975
3,937 4,122

5,467 5,730

4,087 4,117

9,361 9,720


15,629
1,389
1,860

3,380
5,590


5,606
2,125
1,487
1,994


13,228

3,874
4,067

5,529

4,115

9,716


16,224
1,425
2,128

3,485
5,616


5,584
2,120
1,471
1,993


13,115

3,865
4,019

5,444

4,111

9,583









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

(Millions of dollars)

New orders Unfilled orders

Without seasonal Without seasonal
Industry group Seasonally adjusted ditut eanal Seasonally adjusted Withadjust ment

July June May July June May July June May July June May
1977P 1977r 1977 1977p 1977r 1977 1977P 1977r 1977 1977p 1977r 1977


All manufacturing indus-
tries:
Total...................
Total, excluding trans-
portation ..............
Total for industries
with unfilled orders...

Durable goods industries, total.

Durable goods with unfilled
orders.........................

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,
total..........................

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


108,379

96,124

55,551

55,552


43,787

8,235

4,290

3,014

6,874


10,230

1,064

1,756
633
856

6,752



1,304
958
478
1,838


12,255


1,915

461


11,206


52,827


111,702

96,977

57,830

58,556


46,043

7,959

3,945

3,077

7,236


10,572

858

1,829
662
1,080

6,866



1,216
966
536
1,855


14,725


3,814

386


11,198


53,146


11,764 11,787

41,063 41.359


111,693

97,514

58,666

59,176


47,182

9,079

5,089

3,062

7,337


10,143

802

1,836
662
849

7,163



1,319
840
514
2,183


14,179


3,421

652


11,275


52,517


103,611

91,376

52,738

53,262


41,734

7,423

3,879.

2,690

6,701


9,463

849

1,753
576
776

6,499



1,211
968
412
1,847


12,235


2,528

422


10,941


50,349


117,795

101,740

61,724

63,571


49,730

8,417

4,212

3,201

7,982


11,454

918

2,034
721
1,027

7,349



1,311
1,063
573
1,977


16,055


3,795

648


12,314


54,224


11,484 11,004 11,994

41,033 39,345 42,230


111,066

97,064

57,376

58,899


46,025

8,706

4,498

3,241

7,439


10,129

688

1,943
669
836

6,931



1,331
857
437
2,011


182,006

126,746



173,727




17,315

11,202

4,885

23,151


44,898

16,210

6,247
3,222
6,792

24,398



5,869
363
412
11,577


14,002 55,260


2,777 37,322

390 8,905


11,692


52,167


11,351

40,816


8,705


8,279


8,279


183,125

126,891



174,834




17,205

11,171

4,834

23,353


44,869

16,135

6,332
3,152
6,816

24,497



5,941
341
422
11,566


56,234


38,022

9,080


8,676


8,291


8,291


182,301

126,930



174,047




17,673

11,696

4,807

23,577


44,215

16,086

6,324
3,088
6,572

24,383



6,041
339
397
11,514


55,371


36,941

9,301


8,828


8,254


8,254


182,207

127,670



173,644




17,198

11,101

4,880

23,400


45,042

16,275

6,366
3,222
6,649

24,460



5,912
379
454
11,385


54,537


36,608

8,956


9,007


8,563


8,563


181,495

126,909



173,019




17,215

11,115

4,926

23,391


44,869

16,197

6,389
3,136
6,700

24,154



5,890
342
434
11,226


54,586


36,542

9,142


8,804


8,476


8,476


180,563

126,877



172,024




17,868

11,638

5,062

23,334


44,326

16,189

6,349
3,082
6,592

23,969



6,010
332
381
11,147


53,686


35,686

9,152


8,841


8,539


8,539


4 __ I __ 2 __ 1 __ 1 i __- _


Represents zero. Preliminary. rRevised.
'Adjusted for trading-day and calendar-month variations.
'Motor vehicles and parts--During July, August, and September, motor vehicle assembly plants are closed down to allow for retooling for
the forthcoming model year. Year-to-year variations in both the timing and duration of the model changeover period are sufficiently great
that the normal seasonal adjustment procedures do not adequately identify the seasonality during the period and may introduce substantial
erratic movements. To compensate for this, the estimated seasonally adjusted quarterly average is used for the seasonally adjusted data in
each of the three months. The unadjusted data, however, are not subject to any special adjustments. This series accounts for about two-
thirds of the published motor vehicles and parts shipments and about 40 percent of the published transportation equipment shipments.










Tabl' 2.--VALUE OF MANUFACTURER S' SHIIENTS. INVENTORIES, AND ORDERS, FOR MARKET CATEGORIES AND SUPPLEMENTARY SERIES
FMillions of dollars


Indust rv group






All manufacturing industries, total..

Durable goods industry i t. total ..........
Slndurable g .,ds industrieS, total .........

Industry gr-ups arranged by market

5 m 1oods and appear l ......... ... ......
Co isiter s taples .........................
Equipment id defense products, except
t:ut m t e . ....... ..... .
Aut, mot le equipment....................
Construction itterials, supply ies, and
intermediate products......... .........
I01-tr materials and supplies and
intermediate prI ducts 3..................

Supplementary series :2
Household durable goods industries .......
Capital gods industries ................
Nondefense...................... .......
Defense................................




All manufacturing industries, total..

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

Industry groups arranged by market
categories
Home goods and apparel ...................
Consumer staples. .......... ... ..........
Equipment and defense products, except
automotive ..............................
Automotive equipment. ....................
Construction materials, supplies, and
intermediate products... ......... .......
Other materials and supplies and
intermediate products ..................

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


SIea-sonally adjust ed


Without seasonal
adjustment'


July June May July June May
977P 1977 1977 1977P 1977r 1977

Shipments


109,494

56,654
52,840



8,755
19,343

15,031
10,854

9,534

45,977


3,446
17,153
14,620
2,533




108,379

55,552
52,827



8,848
19,382

14,525
10,765

9,468

45,391


3,549
16,138
14,189
1,949


110,884

57,774
53,110



8,579
19,510

14,736
11,490

9,665

46,904


3,631
16,785
14,234
2,551




111,702

58,556
53,146



8,549
19,531

15,957
11,542

9,683

46,440


3,587
17,895
15,713
2,182


109,458

56,717
52,741



8,520
19,041

14,935
10,940

9,431

46,591


102,898

52,636
50,262



8,048
18,347

13,922
10,109

9,489

42,983


3,422 3,051
16,934 15,764
14,356 13,338
2,578 2,426

New orders


111,693 103,611

59,176 53,262
52,517 50,349


8,588
19,032

15,948
11,074

9,564

47,487


3,493
18,293
15,000
3,293


8,393
18,372

14,297
10,181

9,510

42,858


3,375
15,889
13,568
2,321


116,861 110,762 174,772

62,574 : 1It i0 i
54,287 .


8,953
19,637

16,145
12,659

10,671

48,796


3,818
18,264
15,556
2,708


8,056
18,693

15,094
11,690

9,984

47,245


3,354
17,044
14,440
2,604


S14,825
23,883

40,704
9,192

14,427

71,741


7,533
45,461
38,414
7,047


Seasonally adjusted


Without seasonal
adjustment


Ju 1y June May July June May
1977P 1977r 1977 1977P' 1977r 1977

Total inventories


173,818

110,421
63,397



14,888
23,943

40,267
9,363

14,290

71,067


7,565
45,206
38,332
6,874


172,629 173,117 173,022

109,154 110,199 110,229
63,475 62,918 62,793



14,747 15,080 15,246
24,137 23,151 23,256

39,855 40,309 40,137
8,777 8,709 9,018

14,536 14,488 14,385

70,577 71,380 70,980


7,494 7,612 7,691
44,671 44,989 44,990
38,034 38,050 38,242
6,637 6,939 6,748

Unfilled orders


173,087

109,925
63,162



15,159
23,619

40,160
8,657

14,637

70,855


7,693
44,961
38,367
6,594


117,795 111,066 182,006 183,125 182,301 82,207 181,495 180,563
63,571 58,899 173,727 174,834 174,047 173,644 173,019 172,024
54,224 52,167 8,279 8,291 8,254 8,563 8,476 8,539


9,004
19,644

17,616
12,731

10,770

48,030


3,857
19,533
16,866
2,667


8,202
18,672

15,068
11,790

10,112

47,222


3,495
17,066
14,685
2,381


104,713 105,309 104,032104,225 1103,7771 102,237


18,186 18,253 18,235 18,290 18,270

55,479 56,065 56,527 55,800 55,926


2,892
113,118
81,843
31,275


2,790
114,134
82,277
31,857


2,835
113,020
80,794
32,226


3,152
112,613
81,826
30,787


2,828
112,486
81,596
30,890


18,172

56,692


2,788
111,218
80,288
30,930


-During 1968 manufacturers in ordnance, communications, aircraft and aircraft parts, and shipbuilding industries began to provide aggre-
gate figures on shipments, orders, and total inventories of work performed for the Department of Defense. The results of these reports are
included in these new defense series. PPreliminary. rRevised. 'Shipments and new orders adjusted for trading-day and calendar-
month variations; unfilled orders and inventories as of end of month. 'The supplementary series are regroupings of the separate industry
categories as follows:

Household durable goods industries Household furniture; kitchen articles and pottery; cutlery, handtools, and hardware; household
appliances; opthalmic goods, watches, clocks, watchcases; and miscellaneous personal goods.
Capital goods industries The capital goods industries series is comparable to the previous Producers' Capital Goods and the Defense
Products (old series) categories.
Nondefense industries Machinery, except electrical (excluding farn machinery and equipment and machine shops), electrical machinery
(excluding household appliances and electronic components), railroad equipment and the nondefense portions of shipbuilding and
military tank vehicles, communication equipment, aircraft, aircraft parts and ordnance.
Defense products (new series) Based on separate reports on defense work filed by large defense contractors in the following
industries: ordnance, communications, complete aircraft, aircraft parts, and shipbuilding and military tank vehicles. The data
are comparable to those published annually in the MA-175, Shipments of Defense-Oriented Industries, for the specified industries.

'The following data reflect revised March 1977; Equipment and defense products except automotive shipments; unadjusted 15605: Other
materials and supplies, and intermediate products; shipments seasonally adjusted, 46847 and New orders seasonally adjusted 47602.










Table 3.--MANUFACTURERS' 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,1972-1976

3 months 12 months
Item and industry group June- May- .April-Average Average
July June May A- -- Average Average
19July Je May Apr.- Jan.- Oct. 1976- July 1976- rise decline
July 1977 Apr. 1977 Jan. 1977 July 1977


Shipments:
All manufacturing industries......... -1.3 +1.3 -0.2 -0.1 +2.0 +2.2 +0.9 +1.5 -1.1

Durable goods industries, total........ -1.9 +1.9 -0.1 -0.0 +2.2 +3.0 +1.0 +1.8 -1.5
Nondurable goods industries, total..... -0.5 +0.7 -0.3 -0.0 +1.7 +1.5 +0.8 +1.6 -1.1

Total inventories:
All manufacturing industries.......... +0.5 +0.7 +1.1 +0.8 +0.7 +0.2 +0.6 +1.0 -0.4
New orders:
All manufacturing industries......... -3.0 +0.0 +0.1 -1.0 +2.0 +2.1 +0.8 +1.9 -1.7
Durable goods industries, total........ -5.1 -1.0 +0.9 -1.7 +2.2 +2.9 +0.8 +3.1 -2.1
Nondurable goods industries, total..... -0.6 +1.2 -0.7 -0.0 +1.7 +1.4 +0.9 +1.8 -1.1
Unfilled orders:
Durable goods industries, total........ -0.6 +0.5 +1.4 +0.4 +0.5 +0.9 +0.5 +1.6 -0.9











Table 4.--VALUE OF MANUFACTURERS' INVENTORIES, BY STAGE OF FABRICATION, BY INDUSTRY GROUP
(Millions of dollars)
Without seasonal Without seasonal
Seasonally adjusted use nl Seasonally adjusted i se n
adjustment adjustment
Industry group
July June May July June May July June May July June May
1977P 1977r 1977 1977P 1977r 1977 1977P 1977r 1977 1977P 1977r 1977

Total Materials and supplies


All manufacturing industries, total.. 174,772 173,818 172,629 173,115 173,022 173,087 63,698 64,131 63,683 63,037 63,458 62,976
Durable goods industries, total........... 111,058 110,421 109,154 110,199 110,229 109,925 37,199 37,289 36,615 36,932 36,888 36,221
Stone, clay, and glass products........... 4,343 4,251 4,258 4,389 4,318 4,355 1,514 1,513 1,493 1,521 1,509 1,498
Primary metals............................ 17,756 17,645 17,584 17,633 17,645 17,615 8,338 8,287 8,267 8,280 8,309 8,157
Machinery (electrical and nonelectrical). 40,326 40,214 39,654 40,072 40,349 40,185 11,192 11,148 11,003 11,272 11,144 11,080
Transportation equipment.................. 20,418 20,370 19,735 19,722 19,743 19,509 5,644 5,885 5,448 5,241 5,624 5,273
All other durable goods industries....... 28,215 27,941 27,923 28,383 28,174 28,261 11,192 10,456 10,404 10,618 10,302 10,213
Nondurable goods industries, total......... 63,714 63,397 63,475 62,918 62,793 63,162 26,499 26,842 27,068 26,106 26,570 26,755
Chemicals and allied products............. 13,595 13,306 13,152 13,521 13,228 13,115 5,348 5,362 5,349 5,381 5,332 5,303
Petroleum and coal products.............. 5,712 5,546 5,467 5,730 5,529 5,444 1,907 1,900 1,921 1,934 1,973 1,972
Rubber and plastics products, n.e.c...... 4,154 4,104 4,087 4,117 4,115 4,111 1,498 1,484 1,483 1,493 1,494 1,493
All other nondurable goods industries... 40,253 40,441 40,769 39,550 39,921 40,492 17,746 18,096 18,315 17,298 17,771 17,987

Work in process Finished goods

All manufacturing industries, total.. 53,862 53,013 52,761 53,480 52,666 53,069 57,212 56,674 56,185 56,598 56,898 57,042
Durable goods industries, total............ 44,203 43,584 43,339 43,843 43,252 43,600 29,656 29,548 29,200 29,424 30,089 30,104
Stone, clay, and glass products........... 681 669 658 681 679 685 2,148 2,069 2,107 2,187 2,130 2,172
Primary metals ........................... 5,858 5,809 5,789 5,881 5,795 5,874 3,560 3,549 3,528 3,472 3,541 3,584
Machinery (electrical and nonelectrical). 17,240 17,231 17,079 17,046 17,163 17,184 11,894 11,835 11,572 11,754 12,042 11,921
Transportation equipment................. 12,043 11,692 11,758 11,842 11,417 11,687 2,731 2,793 2,529 2,639 2,702 2,549
All other durable goods industries....... 8,381 8,183 8,055 8,393 8,198 8,170 9,323 9,302 9,464 9,372 9,674 9,878
Nondurable goods industries, total......... 9,658 9,429 9,422 9,637 9,414 9,469 27,557 27,126 26,985 27,175 26,809 26,938
Chemicals and allied products............ 2,317 2,250 2,232 2,292 2,269 2,255 5,930 5,694 5,571 5,848 5,627 5,557
Petroleum and coal products............... 1,200 1,165 1,164 1,230 1,188 1,193 2,605 2,481 2,382 2,566 2,368 2,279
Rubber and plastics products, n.e.c...... 744 718 706 719 707 707 1,912 1,902 1,898 1,905 1,914 1,911
All other nondurable goods industries.... 5,397 5,296 5,320 5,396 5,250 5,314 17,110 17,049 17,134 16,856 16,900 17,191

PPreliminary.
rRevised.










I ble 5.--RATIO OF MANUFACIi TRERS' INVENTORIES TO SHIPMENTS AND UNFILLED ORDERS TO SHIPMENTS, BY INDUSTRY GROUP
RBascd on seasonally adjustedd data

Unfilled orders shipments ratio'
In ventories shipments rat it, backlotg


All m.uttur nd. es, total.................
Dt I bl. j4 it-0 n id t l to al .............. .. ......
S t, l l ty, ad glat s produ t ..... .................
Sinery met. l .......... ....... ................ .......
I 1brD I t.d m. .t.ls ............. ... .....
v, ,a c pt el ct~r... l........... ....................
Elet t ill l mact hIlnlr'......................
l n l ti n t qu m.nt .... ..................... ........
ins t rum.nt and relt atd pri p............... .. .......
Nondurablt* good andultries, tt;al ........ -....
FooI d nd kindred product- ...............................
Toba f- pr-duct ........................ ................
T- tlle mill products. ...... ....*............. .....
Paper Ind ,l 1 ed products ............ ........ .............
Che-iicala and allied products ........ ..... ..............
Petr tro .ra d coalI products ..............................
Rubber -,dn plasts products, n.e ....... ....


June
1977r


Apr. July
1977 1977P


1.60 1.57 1.58 1.56 3.21 3.21 3.23 3.20
1.96 1.91 1.92 1.91 3.87 3.86 3.89 3.86
1.49 1.41 1.49 1.48 0.92 0.90 0.96 0.95
2.19 2.09 2.12 2.13 2.13 2.04 2.13 2.08
1.94 1.81 1.85 1.81 3.59 3.45 3.58 3.49
2.45 2.51 2.44 2.44 4.79 4.94 4.82 4.80
2.24 2.27 2.30 2.23 3.56 3.63 3.72 3.56
1.54 1.47 1.48 1.47 8.40 8.65 8.50 8.71
2.09 2.04 2.06 2.03 1.63 1.64 1.67 1.68
1.21 1.19 1.20 1.18 0.70 0.71 0.70 0.72

1.01 1.03 1.10 1.05 (X) (X) (X) (X)
5.42 5.17 5.05 4.88 (X) (X) (X) (X)
1.54 1.58 1.54 1.51 (NA) (NA) (NA) (NA)
1.26 1.21 1.20 1.16 (NA) (NA) (NA) (NA)
1.52 1.39 1.40 1.38 (X) (X) (X) (X)
0.70 0.70 0.67 0.67 (X) (X) (X) (X)
1.39 1.32 1.31 1.34 (X) (X) (X) (X)


NA Not available. PPrelimincary. rRevised. X Not applicable.
lExcludes the following industries with no unfilled orders: Wood and lumber products; glass containers; metal cans, barrels and drums;
motor vehicles assembly operations; foods and 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 defini-
tions previously employed.


DESCRIPTION OF SURVEY

The Manufacturers' Shipments, Inventories, and Ordlers survey
provides monthly figures that are comparable to the annual
totals published each year in the Annual Survey of Manufac-
tures (ASM). The ASM is based on a sample of approximately
60,000 manufacturing establishments drawn from the 5-year
census universe of about 310,000 establishments. In the ASM,
each manufacturing establishment provides data on employ-
ment, payrolls, shipments, cost of materials, capital expendi-
tures, and inventories as well as other selected items. The estab-
lishments 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 information 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 approximately
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 sur-
vey. The survey methodology assumes that the month-to-month
changes of the reporting units classified in each industry cate-
gory 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 companies in
each industry.


EXPLANATION OF TERMS

Value of Shipments-Shipments in the monthly survey are
equivalent to value of shipments as reported 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, re-
ceipts 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 ship-


building, the value of work done in a given year varies consider-
ably 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, there-
fore, 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 con-
tain 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 excep-
tion 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 duplica-
tion 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 cus-
tomers. Although this definition of shipments in the monthly
reports differs from that used in the annual establishment re-
ports, it is assumed that the month-to-month changes in com-
pany sales in the industry are representative of the month-to-
month shipments of the establishments in the industry.


Inventories-End-of-month inventories in the monthly survey
are identical in definition to the end-of-year inventories in the
ASM. In the ASM, respondents are asked to report inventories
of individual establishments at approximate current cost if
feasible; otherwise, "at book values." Since different methods
of inventory valuation are used (LIFO, FIFO, etc.), the defini-
tion of the aggregate inventories for establishments in an indus-
try is not precise. The figures on the change in inventories from
one period to the next are of greater significance than the actual
aggregates.
Inventories are reported by stage of fabrication: (a) finished
goods; (b) work in process; and (c) materials, supplies, fuel, and
other inventories. In using inventories by stage of fabrication at
the all manufacturing 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 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
different inventory categories in the aggregate statistics.


New Orders Received and Unfilled Orders-Orders as re-
ported in the monthly survey are net of cancellations during the
month. They include orders received during the period andalso
filled during the period as well as those orders received for
future delivery. They also include the net sales value of contract





U.S. Department
of Commerce
BUREAU OF THE CENSUS
Washington, D.C. 20233
Official Business


UNIVERSITY OF FLORIDA

3 1262 08589 4821

First Class Mail
U.S.MAIL
COM-202


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 con-
tracts, or letter contracts. In case of letter contracts the full
amount of the sales value is included if the parties are in sub-
stantial agreement on the amount; otherwise, only the funds
specifically authorized to be expended are included. The re-
spondent is instructed to deduct the sales value of partial or
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.
While both new orders and unfilled orders are used in review-
ing individual company reports for consistency, only unfilled
orders are estimated directly in the tabulated totals. New orders
are derived from the 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.
Shipments and unfilled orders are seasonally adjusted inde-
pendently. Seasonally adjusted new orders are derived from
seasonally adjusted shipments and seasonally adjusted unfilled
orders.