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:
AA00008477:00175

Related Items

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

Full Text

CURRENT INDUSTRIAL REPORTS

Manufacturers' Shipments,

./ w Inventories, and Orders


,,, / OCTOBER 1977
U.S. Department of Commerce FOR RELEASE 3:00 P.M., December 1, 1977
BUREAU OF THE CENSUS Series M3-1(77)-10


All figures in text below are in seasonally adjusted current dollars.


New orders for manufactured products in October rose 3.4
percent or $3.9 billion from September primarily as a result of
a $2.7 billion increase in new orders for defense capital goods,
the Department of Commerce, Bureau of the Census reported
today. The increase in the defense capital goods series, which
resulted from a substantial increase in aircraft, aircraft parts and
shipbuilding, is the largest ever recorded in the series. New
orders for manufacturing industries other than defense capital
goods rose $1.2 billion or 1.1 percent. The increase in new
orders for all manufacturing industries is the largest since the
4.9 percent increase in March 1977.

The sharp rise in defense capital goods orders resulted from
the substantial number of Department of Defense contracts
awarded during the last few days of fiscal 1977 which ended
on September 30. Since there are delays between DOD an-
nouncements of contract awards and the recording of contracts
on manufacturers' books, most of these end of September
orders were reflected in manufacturers' October reports. The
October increase in defense capital goods new orders exceeds
the previous record increase set in August 1974 when new
orders increased $2.4 billion.

Among the industries other than defense, producers of non-
defense capital goods reported a $0.2 billion or 1.1 percent
increase in new orders to $16.4 billion and a $0.4 billion or 2.5
percent increase in shipments. The primary metals industries
recorded declines in both new orders and shipments, largely due
to decreases in the steel industry where new orders fell 8.3 per-
cent. The machinery industries recorded shipments of $17.5
billion representing an increase of $0.3 billion or 1.5 percent
and new orders of $18.2 billion, 1.6 percent or $0.3 billion
above the September figure. New orders for transportation
equipment were greatly affected by the defense capital goods
increase and rose 22 percent or $2.9 billion to $16.1 billion.


Among nondurable industries, chemical producers reported
a $0.3 billion or 2.8 percent decline in shipments, primarily in
industrial chemicals and in drugs, soaps and toiletries. Petroleum
producers showed a $0.3 billion or 3.3 percent increase in ship-
ments and food producers recorded a $0.4 billion or 2.4 per-
cent increase in October after showing a $0.4 billion or 2.4
percent decline in September.

Inventories held by all manufacturers in October were
$176.9 billion, $0.7 billion or 0.4 percent above the September
figure of $176.2 billion. While stocks of most industries showed
moderate i s the stocks of the aircraft and parts in-
dustri billion or 4 percent decline to $10.0
bil~l rded in the nonelectrical machinery
i r s ($0.3 billion percent) and in the primary metals
Sd ,ries ($0.2 billion 1 percent). Stocks held by non-
le goods producers $0.4 billion or 0.6 percent and
ed the largest rise i mical industries where end of
ct ber inventories were billion, $0.3 billion or 2 per-
n ove September. y






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 Novem-
ber is scheduled for release on December 21, 1977 and the
full report is scheduled for release on January 3, 1978.


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

(Millions of dollars)


Seas,
Industry group

Oct.
1977p


All manufacturing indus-
tries:
Total................... 112,745
Total, excluding trans-
portation...,.......... 98,946
Total for industries
with unfilled orders... 58,519

Durable goods industries, total. 59,065

Durable goods with unfilled
orders......... ............. 46,567

Stone, clay, and glass products. 2,851

Primary metals, total ......... 8,220
Blast furnaces, steel mills. 4,245
Nonferrous and
other primary metals ....... 3,020

Fabricated metal products
total.......................... 7,615
Metal cans, barrels, and
drums...................... 715

Machinery, except electrical,
total........................ 10,514
Engines and turbines........ 1,011
Farm machinery and equipment. 858
Construction, mining, and
material handling equipment. 1,981
Metalworking machinery...... 613
General industrial machinery 895

Electrical machinery, total... 4624
Electrical transmission and .
distribution equipment and /
industrial apparatus....... ..,-
Household appliances........ 8R
Radio and TV................ I
Communication equipment ..... 1 3

Transportation equipment, total2 13 '1
Motor vehicles and parts.... q 'f,
Aircraft, missiles, and
parts........................ 2,88
Shipbuilding and military
tank vehicles.............. E -

Instruments and related
products, total.............. 2,377
Scientific and engineering.. 1,450
Photographic goods.......... 759

All other durable goods
industries ................... 6,665

Nondurable goods industries,
total.......................... 53,680

Nondurable goods with unfilled
orders.......................... 11,952

Food and kindred products,
total................ ........ 15,746
Meat products............... 3,989
Fats and oils............... 1,560

Tobacco products.............. 697
Textile mill products......... 3,643

Paper and allied products,
total......................... 4,482
Pulp, paper, etc............ 1,931
Paperboard containers ....... 1,024
All other paper containers.. 1,527

Chemicals and allied products,
total......................... 9,306
Industrial chemcials, except
pigments................... 3,178
Drugs, soap, and toiletries. 2,188

Petroleum and coal products... 8,336
Rubber and plastics products,
n.e.c......................... 3,084
All other nondurable goods
industries................... 8,386
See footnotes at end of table.


Shipments


onally adjusted


Without seasonal
adjustment


Total inventories


Seasonally adjusted


With
a<


Sept. Aug. Oct. Sept. Aug. Oct. Sept. Aug. Oct.
1977r 1977 1977 1977 1977 1977 1977 1 r 1977 1977P


I t I t 1 V


111,921

98,318

58,159

58,608


46,254

2,955

8,440
4,372

3,119


111,376

98,183

57,680

58,087


45,693

3,080

8,281
4,273

3,073


117,861

102,329

61,045

62,491


48,403

3,129

8,326
4,198

3,108


116,853

102,672

60,932

61,415


48,458

3,189

8,544
4,350

3,216


109,894

98,616

56,787

55,768


44,632

3,281

7,991
4,154

2,932


7,432 7,303 8,086 7,866 7,438

686 656 710 773 784


10,333
912
806





< 6,946


1,317
953
489
1,906

13,603
9,367



5.71


10,465
930
904

21,866
612
991




1,370
924
483
1,817

13,193
9,195

2,680

565


10,434 10,622
913 981
952 835

1,953 1,954
599 642
1933 971

',2V. 7,401


,416 1,394
1,31' 1,027
-.3.. 584
L"r'.. 1,897

15,532 14,181
'10,972 9,805

2,919 2,853

695 580


9,716
814
798

1,827
539
939

6,780


1,315
968
504
1,727

11,278
7,455

2,487

548


176,829

156,682

117,505

112,075


102,886

4,399

17,830
10,394

6,346


13,888

1,223


25,532
2,097
2,515

5,640
1,619
2,759

15,473


3,060
1,683
878
4,980

20,147
7,080

9,997

1,398


2,319 2,339 2,501 2,497 2,313 4,998
1,391 1,364 1,485 1,472 1,329 3,179
755 788 816 826 797 1,345


6,580 6,514


53,313 53,289


11,905 11,987


15,383
3,930
1,495

731
3,589


4,441
1,948
1,014
1,479


9,578

3,295
2,400

8,067

3,155

8,369


15,768
3,958
1,494

708
3,537


4,548
1,964
1,045
1,539


9,206

3,058
2,172

8,073

3,070

8,379


7,059


55,370


12,642


16,256
4,121
1,549

701
3,908


4,605
2,005
1,077
1,523


9,244

3,051
2,348

8,274

3,245

9,137


7,115 6,971 9,808


176,164

155,627

117,220

111,787


102,723

4,348

17,640
10,323

6,242


175,104

154,549

117,019

111,452


102,461

4,314

17,759
10,519

6,213


175,395

155,001

116,317

110,889


101,982

4,222

17,449
10,197

6,219


dout seasonal
djustment

Sept. An
1977r 19


174,161

153,489

116,224

110,740


101,856

4,241

17,357
10,178

6,155


g.
177


173,730

153,335

116,402

110,656


101,719

4,286

17,486
10,288

6,195


13,897 13,763 13,600 13,78 13,828

1,272 1,286 1,110 1,202 1,282


25,242
2,106
2,454

5,508
1,617
2,708

15,488


3,065
1,687
856
4,949

20,537
7,066

10,399

1,425


4,933
3,161
1,317


9,702


25,148
2,092
2,452

5,429
1,617
2,662

15,379


3,038
1,701
869
4,844

20,555
7,112

10,445

1,410


25,152
2,119
2,339

5,487
1,627
2,698

15,371


3,057
1,627
886
4,975

20,394
7,285

10,054

1,414


24, 82C
2,075
2,351

5,37C
1,614
2,64E

15,298E


3,043
1,609
874
4,87C

20,672
7,292

10,358

1,402


24,795
2,075
2,386

5,326
1,619
2,641

15,315


3,018
1,652
921
4,781

20,395
7,098

10,371

1,364


4,878 4,957 4,914 4,906
3,088 3,147 3,120 3,078
1,346 1,339 1,335 1,370


9,656 9,744 9,650 9,645


55,438 54,126 64,754 64,377 63,652 64,506 63,421 63,074


12,474 12,155 14,619


16,110
3,977
1,532

726
3,833


4,587
1,948
1,057
1,582


9,851

3,256
2,712

8,117

3,256

8,958


15,774
4,029
1,510

749
3,640


4,675
2,018
1,082
1,575


9,319

3,159
2,279

8,122

3,109

8,738


16,463
1,314
1,703

3,646
5,449


5,660
2,170
1,467
2,023


14,226

4,082
4,238

5,830

4,095

9,385


14,497


16,390
1,361
1,426

3,712
5,413


5,628
2,167
1,451
2,010


13,949

3,995
4,180

5,846

4,185

9,254


14,558 14,335 14,368 14,683


16,120
1,348
1,539

3,561
5,461


5,649
2,173
1,467
2,009


13,746

4,053
4,064

5,686

4,137

9,292


16,870
1,289
1,567

3,602
5,285


5,591
2,134
1,458
1,999


13.941

4,033
4,136

5,969

4,169

9,079


16,124
1,297
1,106

3,501
5,336


5,550
2,124
1,449
1,977


13,620

3,915
4,125

5,941

4,087

9,262


15,751
1,280
1,294

3,309
5,473


5,648
2,159
1,486
2,003


13,543

3,976
4,081

5,780

4,092

9,478


I -








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

(Millions of dollars)

New orders Unfilled orders


Industry group Seasonally adjusted Witadjustmentonal Seasonally adjusted adjustmenal

Oct. Sept. Aug. Oct. SepOct. g. Oct. Sept. AOct Oct.eptpt. Aug.
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.......................o


116,303

100, 216

62,077

62,520


50,022

8,062

4, 137

2,986

7,921


11,000

1,273

2,122
724
739

7,172



1,420
974
576
1,871


16,087


4,281

1,534


12,278


53,783


12,055

41,728


112,441

99,296

58,679

59,048


46,694

8,692

4,513

3,208

7,204


10,823

1,255

1,978
668
911

7,070



1,369
950
345
1,985


13,145


2,682

335


12,114


53,393


11,985

41,408


111,494

99,077

57,798

58,270


45,876

8,576

4,382

3,234

7,346


10,897

1,003

2,035
661
934

6,973



1,327
871
715
1,605


12,417


2,183

243


12,601


53,224


11,922

41,302


121,412

102,890

64,596

66,044


51,956

8,194

4,161

3,019

8,042


10,899

1,105

2,081
709
756

7,655



1,409
987
676
2,141


18,522


5,216

1,495


12,732


55,368


12,640

42,728


117,055

102,865

61,134

61,713


48, 756

8,194

4,102

3,094

8,016


10,765

1,106

1,935
669
981

7,567



1,420
1,016
430
2,116


14,190


3,200

348


12,981


55,342


12,378

42,964


111,036

99,956

57,929

57,107


45,971

8,423

4,409

3,082

7,461


10,287

845

1,948
659
1,012

7,094



1,306
943
758
1,681


11,080


2,491

95


12,762


53,929


11,958

41.971


186,722

130,322



178,138




17,728

11,381

5,094

23,301


46,397

16,884

6,583
3,412
6,557

24,827



5,890
315
552
11,580


56,400


38,231

9,217


9,485


8,584


8,584


183,166 182,646

129,052 128,071


174,682




17,887

11,489

5,129

22,995


45,909

16,622

6,442
3,301
6,713

24,679



5,876
325
499
11,533


54,114


36,839

8,333


9,098


8,484


8,484


174,245




17,634

11,347

5,040

23,222


45,420

16,278

6,410
3,256
6,750

24,556



5,825
328
643
11,455


54,575


36,928

8,570


187,528

130,094



179,172




17,173

11,107

4,814

23,554


46,309

16,616

6,590
3,463
6,570

25,273



5,922
333
596
11,927


183,974

129,531



175,617




17,306

11,144

4,903

23,599


45,843

16,423

6,461
3,354
6,746

25,041



5,928
362
554
11,649


57,434 54,443


39,364 37,067

9,057 8,257


8,838 9,429


8,401


8,401


8,356


8,356


9,385


8,357


8,357


183,774

129,339



175,322




17,657

11,393

5,025

23,448


45,701

16,299

6,480
3,327
6,736

24,875



5,903
372
708
11,430


54,435


36,719

8,490


9,206


8,452


8,452


Represents zero. Preliminary. rRevised.
'Adjusted for trading-day and calendar-month variations.
2Motor 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.






%i '-, 2.--VAlliU: OF MANUIFACTII ERS SHII'MENTIS. INVENIUXRIES, AND ORDERS 11 MARKET CATEGORIES AND SUPPI1EMENTARY SERIES
M1lltions t dollars


Se n;lIy adusthtut usasontal
Xe, iti~ly ii iiustisi ad 1ustmtent


tI'Il y pgrou
Ot .
1977P




All i nl acltilurl n inn lustruf total. 112. 745


Sept. AU. Oct. Sept Aug
197 r 1977 19771 1977r 1977

Shipments
-- T ---. --T -


111,921 111,376


117,861


116,853


Dur'hl,. ..ils id n mlu ltr-,. .tI.n .. .... .. 59,065 58,608 58,087 62,491 61,415
N .ndur.l i>.' d i du t i al .... 53,680 53,313 53,289 55.370 55,438


Ilrdutty -ru tp o arranged by uri I :t

int e i n lo e ii rii 1...................
S:,0 Im............. ...........
El !l on n* id defns pJiiicts, s-c-pt
l l t t........... ......... ...........








durable good, tic r usilie o...........
Capita l giid iindustn s ...................
onorfdat. prod.. cts..................
tense t.. prodt..................




Du olld drable g ood s I sti tndustrl .......
Cnduapital goods Indu.sti t t ...............






Industry groups arranged by market
categories
IIimo goods and apparel ...................
Consumer staplets..........................
Equipment and defense products, ex c ep t
aut omi t I e ..................... ........
Automot ive equipment ...................
C instruct ion materials. supply ies, and
in termedia te produce ts...................
Olher materials and supplies and
int ermedi t products. .................

Supply mentary s,, tes
Household durable goods industries......
Capit al goods indu tri_ s .. .......
Nondef (nset .................
Defense ....... ..... ... ...........


9, 127
19,505

15,664
11,222

10,201

47,026


3,820
17,827
15,319
2,508




116,303

62,520
53,783



9,443
19,487

17,850
11,243

10,437

47,843


4,094
20,695
16,374
4,321


8,994
19,453

15,234
11,179

10,149

46,912


3,754
17,511
14,943
2,568




112,441

59,048
53,393



9,025
19,432

15,242
11,016

9,883

47,843


3,773
17,819
16,189
1,630


8,898 10,058
19,638 20,339

15,244 15,780
10,959 12,970

9,985 10,715

46,652 47,999


3,688 4,207
17,436 17,966
14,935 15,349
2,501 2,617

New orders


111,494 121,412

58,270 66,044
53,224 55,368


9,161
19,660

14,332
11,076

10,129

47,136


3,931
16,676
14,678
1,998


10,155
20,350

18,687
12,864

10, 734

48,622


4,293
21,742
16,384
5,358


9,870
20,487

15,715
11,811

10,808

48,162


4,171
18,134
15,405
2,729


117,055

61,713
55,342



9,842
20,474

15,982
11,698

10,809

48,250


4,136
18,709
16,467
2,242


109,894

55,768
54,126


9,645
19,694

14,381
9,315

10,574

46,285


3,913
16,441
14,020
2,421


Scasonially adjusted


Without seasonal
ad ,us tent


Oct Sept. Aug. Oct. Sept Aug.
1977P 1i977r 1977 1977P 19771 1977


i fertal inuintO, 10


+ _____.


176,829 176,164 175,104


112,075
64,754



14,652
24,740

41,245
9,365

14,836

71,991


7,524
45,713
39,117
6,596


111,036 186,722

57,107 178,138
53,929 8,584


9,940
19,729

1. nPr


10,707

46,946


4,222
16,323
14,359
1,964


4,212


111,787 111,452
64,377 63,652


14,614
24,911

41,250
9,278

14,677

71,434


7,517
45,897
39,043
6,854


183,166

174,682
8,484




3,916


14,708
24,217

40,901
9,298

14,462

71,518


7,559
45,641
38,715
6,926


175,395 174,161

110,889 110,740
64,506 63,421


14,382
25,105

40,839
9,521

14,567

70,981


7,392
45,489
38,876
6,613


Unfilled orders


14,453
24,705

40,681
9,457

14,562

70,303


7,384
45,358
38,573
6,785


182,646 187,528 1183,974

174,245 179,172 175,617
8,401 8,356 8,357


3,903


4,278


4,171


173,730

110,656
63,074



14,774
23,895

40,435
9,260

14,507

70,859


7,539
45,173
38,331
6,842




183,774

175,322
8,452




4,211


I, 1., 103,950 104,1111107,394 104,5911 104,438


18,305 18,068 18,335 18,446 18,427

58,047 57,232 56,297 57,410 56,785


3,408
115,804
84,222
31,582


3,135
112,935
83,167
29,768


3,115
112,630
81,923
30,707


3,488
117,124
84,600
32,524


3,403
113,345
83,562
29,783


18,426

56,699


3,438
112,772
82,502
30,270


*During 196R manufacturers in ordnance, communications, airrailft and aircraft parts, and shipbuilding industries began to provide aggre-
gate flg ures on shipments, orders, and total inventories of aork performed for the Department of Def-,nso. The results of these reports arc
included in the defense series. PProltimnary. TRevised. 'Shipments and new riders adjusted for trading-day and calendar-month
variations; unfilled orders and inventories as Il and of month. 'The supplementary sr, es are regrouping, t of the separate industry
catngotries as follows

iHousehold durable goods industries Houstehold furni ture; kitchlien articles and pottery: cutlery, handtools, andi hardware; household
:pplU inches; oplhthalmic goods, watches, and clocks, watchcases; and miscellaneous personal goods.
Capital oods industries The Iapital goods industries series is comparable to the pre:Ivinus Producers Capital Goods and the Defense
Products (old series categories.
Nondefense industries Machine- ,t r, i i.., ,. i .... h, ir. i ,.,. ....i i ..., i.. t i I .tT
machinery (excluding household i i i ,. .... r., .i .. ... ,.r.- ,.r,.. n r -
building and military tank vc i ..... i ,, i i .. .
Defense products (new series) 1 ., .. i .. i t i i .. i ... t .- .r rii, i il i. r.,i
industries: ordnance, commur, i i iI ii i i i i ., i t,. i 1,.., .. i. .- i i i i i
data are comparable to those i i, i ,.r i i.,,' i. '. -1 i ,, .... .- i'. i.-.. ,i .. i i .. ,r :f,. ,1 ..i
industries.
iBeginning in 1976, the fiscal ye .r i r i -. r .i r, ,, .. r i. i ., i. i l ii., y. I .r. i r i t- :i ,i ..c=r r ).
basis. This change in the Governmen,' i .1 i r ,- .... ri.r, ... i i I,,..i .r, .:' |.i.- *ii,- i -
though the impact of this change is ,, r i,, .i r.. i I i i i r i. h ..i .i.t,. r ir 1 i.
current data since these seasonal fa ii r r.- i I.. .. i.. i -,,r. i i...- ,i. r r 1.,,... .. ii I .
composite seasonal factors were deve, r i i. ii 1 .. r. I .1 .i ,r. i....r r. i.. i i,.. t r ,*- 1l.ri-- rr
quarter (i.e., one quarter preceding i r. r I .1. i r i., ri i .r .r 1 I .r
each of the separately tabulated def ..- .,i- i II. ,.. ,t i. ir.. ...- r -r ..r-. .l .= ,, u11 r,. r
be made for nondefense Government or ..i .. r. i .. I, i i .,. j ii,. .-. t, .-., i .. ...I 1 i r.
will be used until a sufficient amou.., i 1 .i ,. i -. rr.- i ,i,. i, r., i. i i .- .1 -i r. I ,. -. i :..i .-'i
of the defense industries.


1 I


I


--


I








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


Item and industry group Sept.- Aug.- July- 3 months 12 months
Oct. Sept. Aug. Average Average
1977 1977 1977 July- April- Jan.- Oct. 1976 rise decline
Oct. 1977 July 1977 April 1977 Oct. 1977


Shipments:
All manufacturing industries......... +0.7 1 0.5 +2.0 +1.1 -0.1 +2.0 +1.3 1.5 -1.1

Durable goods industries, total........ +0.8 :0.9 :2.2 +1.3 +0.0 +2.2 +1.6 +1.8 -1.5
Nondurable goods industries, total..... +0.7 '0.0 F1.7 +0.8 -0.3 +1.7 +0.9 +1.6 -1.1

Total inventories:
All manufacturing industries......... +0.4 +0.6 +0.3 +0.4 +0.7 .0.7 +0.5 +1.0 -0.4
New orders:
All manufacturing industries.......... +3.4 +0.8 +2.7 +2.3 -0.9 :2.0 +1.4 11.9 -1.7
Durable goods industries, total........ +5.9 +1.3 .4.0 +3.7 -1.5 .2.2 +1.8 +3.1 -2.1
Nondurable goods industries, total..... +0.7 +0.3 41.2 +0.7 -0.2 +1.7 +0.9 +1.8 -1.1
Unfilled orders:
Durable goods industries, total......... +2.0 +0.3 '0.1 +0.8 +0.5 -0.5 +0.7 +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 seon Seasonally adjusted us on
adjustment adjustment
Industry group
Oct. Sept. Aug. Oct. Sept. Aug. Oct. Sept. Aug. Oct. Sept. Aug.
1977P 1977r 1977 1977p 1 19r 1977 1977P 1977r 1977 1977P 1977r 1977

Total Materials and supplies


All manufacturing industries, total.. 176,829 176,164 175,104 175,395 174,161 173,730 64,126 64,303 63,891 64,036 63,691 63,647
Durable goods industries, total............ 112,075 111,787 111,452 110,889 110,740 110,656 37,475 37,538 37,312 37,542 37,540 37,371
Stone, clay, and glass products........... 4,399 4,348 4,314 4,222 4,241 4,286 1,566 1,556 1,547 1,545 1,568 1,554
Primary metals............................ 17,830 17,640 17,759 17,449 17,357 17,486 8,245 8,131 8,274 8,223 8,231 8,238
Machinery (electrical and nonelectricall. 41,005 40,730 40,527 40,523 40,118 40,110 11,404 11,571 11,227 11,268 11,273 11,243
Transportation equipment................... 20,147 20,537 20,555 20,394 20,672 20,395 5,960 6,012 6,026 6,129 6,104 5,953
All other durable goods industries....... 28,694 28,532 28,297 28,301 28,352 28,379 10,300 10,268 10,238 10,377 10,364 10,383
Nondurable goods industries, total......... 64,754 64,377 63,652 64,506 63,421 63,074 26,651 26,765 26,579 26,494 26,151 26,276
Chemicals and allied products............ 14,226 13,949 13,746 13,941 13,620 13,543 5,548 5,643 5,442 5,529 5,510 5,439
Petroleum and coal products.............. 5,830 5,846 5,686 5,969 5,941 5,780 2,004 1,963 2,018 1,989 1,919 2,017
Rubber and plastics products, n.e.c...... 4,169 4,185 4,137 4,095 4,087 4,092 1,486 1,514 1,509 1,461 1,479 1,499
All other nondurable goods industries.... 40,529 40,397 40,083 40,501 39,773 39,659 17,613 17,645 17,610 17,515 17,243 17,321

Work in process Finished goods

All manufacturing industries, total.. 54,031 54,379 54,076 53,871 54,107 53,842 58,672 57,482 57,137 57,488 56,363 56,241
Durable goods industries, total............ 44,410 44,750 44,529 44,252 44,500 44,306 30,190 29,499 29,611 29,095 28,700 28,979
Stone, clay, and glass products........... 719 723 687 666 678 682 2,114 2,069 2,080 2,011 1,995 2,050
Primary metals............................ 5,888 5,954 5,977 5,708 5,701 5,891 3,697 3,555 3,508 3,518 3,425 3,357
Machinery (electrical and nonelectrical). 17,637 17,594 17,412 17,627 17,506 17,318 11,964 11,565 11,888 11,628 11,339 11,549
Transportation equipment................ 11,339 11,738 11,826 11,456 11,813 11,742 2,848 2,787 2,703 2,809 2,755 2,700
All other durable goods industries........ 8,827 8,741 8,627 8,795 8,802 8,673 9,567 9,523 9,432 9,129 9,186 9,323
Nondurable goods industries, total......... 9,621 9,629 9,547 9,619 9,607 9,536 28,482 27,983 27,526 28,393 27,663 27,262
Chemicals and allied products............ 2,461 2,378 2,289 2,403 2,310 2,260 6,217 5,928 6,015 6,009 5,800 5,844
Petroleum and coal products............... 1,211 1,257 1,172 1,234 1,250 1,194 2,615 2,626 2,496 2,746 2,772 2,569
Rubber and plastics products, n.e.c...... 755 752 738 737 734 715 1,928 1,919 1,890 1,897 1,874 1,878
All other nondurable goods industries.... 5,194 5,242 5,348 5,245 5,313 5,367 17,722 17,510 17,125 17,741 17,217 16,971

PPreliminary.
rRevised.








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

(Based on seasonally adjusted data


Industry -roup




All T ufacturing indust ri' s, total ...............

Durable oots industries ol .. 1.. .. ..... .

St i, aniid lass product s ................. .........
Pr i ary met ls .........................................
fabr a tod i- tals ..... ............. ............... .......
M1.ihmnery. exc- pt electri< i .............................
El c't rilcal machinery........ ............................
,)an spo trtat ion ilquipment.... ................ ... ..
In)trum nts a1 nd relate d prd (uicl ................ .......

Nond ur-ble good, industries, tal .... .. .....

Fo'd and kindred products.......... ................ .....
T',bacc products................................ ........
Textile mill products ....................................
Paper and ;all ed products .......................... ......
Chem Ic.l- and allied products........... ................
Petroleum .ind coal products.. .............. ....... ........
Rubber and plastics products, n.e.c.....................


Inventories shipments ratio


At. Sept. Aug. Ju
77P 1977r 1977 19


1.57

1.91

1.47
2.09
1.87
2.44
2.23
1.51
2.13

1.21

1.07
5.08
1.51
1.27
1.46
0.72
1.33


Unfilled orders shipments ratio
months' backlog)

Oct. Sept. Aug. Juli
1977P 1977r 1977 197


NA Not available. PProliminary. iRevised. (X) Not applicable.
IExcludes the following industries with no unfilled orders: Wood and lumber products; glass containers; metal
motor vehicles assembly operations; foods and related products; tobacco; apparel and related products; chemicals;
products; and rubber and plastics products, n.e.c.


cans, barrels and drums;
petroleum and coal


I 1 ) I I


_I (







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 Orders 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
III I III1II11II I 1111111II1 H II
3 1262 08589 4797
First Class Mail
COM-2U.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.