Current industrial reports

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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.

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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:
AA00008477:00176

Related Items

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

Full Text
t./- /? /:1 -I /


Manufacturers' Shipments,

SOP. Inventories, and Orders



*,4ro, ofDECEMBER 1977
U.S. Department of Commerce For Release February 1, 1978 3:00 P.M.
BUREAU OF THE CENSUS M3-1(77)-12


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


New orders for manufactured products rose $4.7 billion or
4.0 percent in December to $120.8 billion the Department
of Commerce, Bureau of the Census reported today. Ship-
ments of manufactured products rose $2.9 billion or 2.6 percent
to $116.2 billion, while inventories remained virtually un-
changed from November at $177.4 billion. Both the new orders
and shipments increases are the largest recorded since March
when new orders rose by 4.9 percent and shipments by 4.8
percent New orders exceeded shipments by $4.6 billion, re-
sulting in a 2.4 percent increase in the backlog of unfilled orders.
This increase in the backlog of orders is the largest month-to-
month increase recorded since the 2.9 percent increase in
August 1974.

New orders for durable goods rose by $4.0 billion or 6.5
percent Although many industries showed significant increases,
about two-thirds of the increase was recorded in the capital
goods industries. New orders in the defense industries rose 37
percent or $1.3 billion and new orders for nondefense capita-
goods rose 9.1 percent or $1.4 billion. A significant po a g
these increases in both defense and nondefense capi "
orders was due to increases in the aircraft and parts 4 iles.
In total, new orders in the aircraft and parts indust se 68
percent or $2.2 billion. The only significant dec as re-
corded in the steel industry, where new orders fel percent
or $0.6 billion in December following a 15 per t r $0.6
billion increase in November.

Shipments of durable goods rose $2.5 billion or 4. &e
to $61.6 billion. Shipments in nearly all industries show ~OS
creases, with major contributions to the overall increase being
recorded in primary metals ($0.3 billion or 3.7 percent), non-
electrical machinery ($0.5 billion or 4.9 percent), and motor
vehicles and parts ($0.4 billion or 4.8 percent).

Shipments of nondurable goods rose $0.4 billion or 0.8
percent. Shipments of food products rose $0.3 billion or 2.0
percent and shipments of paper and allied products rose $0.3
billion or 6.0 percent. Shipments of chemicals declined $0.3
billion or 3.0 percent.

The November to December change in the seasonally ad-
justed shipments estimate for the automotive assembly industry


was computed using revised seasonal factors based on data
through December 1977. This procedure provides the best
estimate of month-to-month change although it introduces
some noncomparability between the seasonally adjusted Dec-
ember 1977 data and the December 1976 estimates. Revised
data for earlier months will be issued at a later date.

Based on this report, shipments of manufactured products
during 1977 (without seasonal adjustment), rose 13 percent, or
$148.7 billion, from $1178.0 billion in 1976 to $1326.7 billion
in 1977. Shipments of durable goods industries during 1977
rose $87.8 billion or 15 percent, from $604.5 billion in 1976
to $692.3 billion in 1977; shipments of nondurable goods dur-
ing 1977 rose $60.9 billion or 11 percent, from $573.5 billion
in 1976 to $634.4 billion in 1977. New orders for durable
goods during 1977 rose 17 percent, or $102.1 billion, from
$608.2 billion in 1976 to $710.2 billion in 1977. While this
percentage increase is smaller than the 1976 increase of 20
percent, it was significantly larger than the 1959-1976 average
percent. The year-to-year increase was composed of in-
all industry groups, ranging from a 12 percent in-
crea bricated metals to a 24 percent increase in trans-
portati ipment. The annual figures for 1977 are shown in
Table 1 s report.

NOTICE

A p mental table is included at the end of this report
s the distribution of inventory accounting methods
r reporting in this survey. A description of the survey
ed to collect this information is provided in the text preceed-
ing the table.

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 January
is scheduled for release on February 22, 1978 and the full re-
port is scheduled for release on March 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.


CURRENT INDUSTRIAL REPORTS








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

(Millions of dollars)

Shipments Total inventories

Without seasonal Without seasonal
Industry group Seasonally adjusted adithout meant l Seasonally adjusted adj seasonal

Dec. Nov. Oct. Dec. Nov. Dec. Nov. Oct. Dec. Nov. Oct.
1977 1977r 197) 1977 1977r 197 1977r 1977 1977 1977r 1977


All manufacturing indus-
tries:
Total................... 116,184
Total, excluding trans-
portation............... 101,990
Total for industries
with unfilled orders... 61,135

Durable goods industries, total. 61,650

Durable goods with unfilled
orders......................... 48,911

Stone, clay, and glass products. 3,166

Primary metals, total......... 8,630
Blast furnaces, steel mills. 4.310
Nonferrous and
other primary metals....... 3,316

Fabricated metal products
total........................ 7,666
Metal cans, barrels, and
drums ..................... 544

Machinery, except electrical,
total ........................ 11,091
Engines and turbines ........ 923
Farm machinery and equipment. 914
Construction, mining, and
material handling equipment. 2,191
Metalworking machinery...... 645
General industrial machinery 1,018

Electrical machinery, total... 7.376
Electrical transmission and
distribution equipment and
industrial apparatus....... 1,375
Household appliances........ 1,018
Radio and TV................ 575
Communication equipment ..... 1,832

Transportation equipment, total 14,194
Motor vehicles and parts.... 9,739
Aircraft, missiles, and
parts...................... 2,728
Shipbuilding and military
tank vehicles.............. 664

Instruments and related
products, total.............. 2,526
Scientific and engineering.. 1,451
Photographic goods.......... 890

All other durable goods
industries................... 7,001

Nondurable goods industries,
total.......................... 54,534

Nondurable goods with unfilled
orders......................... 12.224

Food and kindred products,
total........................ 16,137
Meat products............... 4,068
Fats and oils............... 1,628

Tobacco products.............. 727
Textile mill products......... 3,794

Paper and allied products,
total........................ 4,763
Pulp, paper, etc............ 2,113
Paperboard containers....... 991
All other paper containers.. 1,659

Chemicals and allied products,
total.......................... 9,356
Industrial chemcials, except
pigments................... 3,244
Drugs, soap, and toiletries. 2,181

Petroleum and coal products... 8,370
Rubber and plastics products,
n.e.c........................ 3,192
All other nondurable goods
industries................... 8,195
See footnotes at end of table.


113,240

99,724

58,874

59,154


46,928

2,975

8,323
4.296

3,052


7,491

571


10,571
989
819

2,103
646
955

7,228


1,392
987
568
1,934

13,516
9,292

2,609

675


2,351
1,441
750


6,699


54,086


11,946


15,827
3,991
1,490

746
3,701


4,495
1,956
1,008
1,531


9,648

3,351
2,327

8,175

3,188

8,306


113,119

99,295

58,576

59.262


46,721

2,882

8,246
4,243

3,049


7,601

715


10,608
1,014
837

1,996
602
911

7,055


1,398
974
533
1,840

13 824

..< '


638-


2,356
1,445
742


6,690


53,857


11,855


15,804
3,990
1,581

697
3,607


4,453
1,903
1,020
1,530


9,297

3,184
2,217

8,397

3,162

8,440


110,060

97,030

58,237

57,743


46,489

2,716

7,984
4,039

3,070


7,185

458


10,979
1,071
720

1,943
677
1,026

7,232


1,366
931
599
1,907

13,q30
8,756

2,806

666


2,527
1.,425
929


6,090


.i


11,748


16,144
4.101
1,605

725
3,566


4,443
1,964
932
1,547


8,625

3,079
2,061

8,365

2,918

7,531


113,484

99,229

59,073

59,266


46,802

2,982

8,094
4,102

3,043


7,416

497


10,201
931
676

1,967
604
919

7,364


1,392
938
671
1,912

14,255
10,079

2,703

628


2,442
1,439
829


6,512


54,218


12,271


16,097
4,023
1,545

757
3,769


4,481
1,957
1,008
1,516


9,009

3,043
2,313

8,172

3,135

8.798


1,326,715

1,163,462

684,41C

692.313


543,895

35,108

98,412
49,952

37.508


177,352

156,851

118,327

112,845


103,574

4,479

17,531
9,933

6.497


88,165 14,051

7,718 1,265


121.696
10,944
10,455

22.529
7,084
10,870

82,188


16,018
11,077
5,999
21.632

163,253


32,423

7,385


27,975


,< l o

'.. : b 1


634,402


140,515


186,974
46 972
18.337

8.558
42.385


54,368
23,835
12.361
18,172


112,058

37 .899
27,061

96,550

37,116

96,393


25,877
2,126
2,453

5,770
1,656
2,851

15,597


3.199
1,692
829
5,078

20,501
7,230

10,201

1,402


4,947
3,148
1,334


9,862


64,507


14,753


15,855
1,228
1,445

3,574
5,494


5,554
2,117
1,412
2.025


14,305

4,155
4,227

6,095

4.186

9,444


177,162

156,775

118,175

112,548


103,457

4,562

17,581
10,100

6,392


13,966

1,251


25,734
2,094
2,486

5,571
1,651
2,795

15,523


3,125
1,646
867
4,988

20,387
7,339

10,096

1,367


5,008
3,178
1,357


9,787


64,614


14,718


16,114
1,289
1,422

3,666
5,400


5,699
2,170
1,443
2,086


14,265

4.129
4.221

6,004

4,137

9,329


176,789

156,663

117,453

111,904


102,844

4,415

17,784
10,355

6,336


13,893

1,226


25,457
2,093
2,440

5,538
1,630
2,764

15,472


3,061
1,686
868
4,958

20,126
7,083

10,025

1,394


5,001
3,183
1,349


9,756


64,885


14,609


16,667
1,304
1,704

3,646
5,410


5,675
2,178
1,474
2,023


14,177

4,082
4,209

5,855

4,171

9,284


178,025

157,388

118,035

112,602


103,447

4,395

17,682
10,260

6,341


13,803

1,141


25,879
2,136
2,438

5,805
1,641
2,791

15,456


3,197
1,693
794
5,052

20,637
7,317

10,189

1,466


4,909
3,189
1,267


9,841


65.423


14,588


16,597
1,212
1,656

3,817
5,349


5,600
2,126
1,409
2,065


14,527

4.221
4,214

6,089

4,235

9,209


176,493

155,862

117,110

111,560


102,738

4,354

17,394
10.100

6,258


13,681

1,132


25,504
2,126
2,377

5,460
1,.663
2,745

15,376


3,116
1,600
844
4,983

20,631
7,456

10,162

1,426


4,955
3,159
1,329


9,665


175,392

155.016

116,279

110,736


101,952

4,238

17,405
10,158

6,210


13,605

1,112


25,087
2,115
2,269

5,389
1,638
2,704

15,369


3,058
1,630
875
4,953

20,376
7,288

10,083

1,411


4,962
3,152
1.344


9,694


64,933 64,656


14,372


17,031
1,328
1,673

3,674
5,250


5,645
2,139
1,446
2,060


14,129

4.105
4,129

6,114

4,070

9,020


14,327


17,086
1,279
1,568

3,602
5,248


5,606
2,142
1,465
1,999


13,894

4,033
4,108

5,996

4,097

9,127







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 Withot sme nal Seasonally adjusted Witadustmental

Dec. Nov. Oct. Dec. Nov. Annual Dec. Nov. Oct. Dec. Nov. Oct.
1977P 1977r 1977 1977p 1977r total 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...................* ...


120,765

103,528

65,716

66,028


53,289

8,837

4,175

3,648

7,743


11,560

987

2,344
733
1,168

7,690



1,391
1,031
536
2,181


116,068

101,655

61,702

61,984


49,758

8,901

4,747

3,155

8,051


10,717

812

2,239
731
858

7,762



1,452
1,014
557
2,277


17,237 I14,413


3,284

934


12,961 12,140


54,737 54,084


12,427

A4 310


11,944

A49 1 n40


116,543

100,402

62,000

62,503


49,962

8,094

4,140

3,010

7,759


11,162

1,281

2,110
673
838

7,112



1,421
962
587
1,822


16,141


4,251

1,485


113,633

98,075

61,810

61,216


49,962

8,435

4,093

3,454

7,177


11,288

1,418

2,028
713
1,103

7,379



1,352
948
570
2,110


15,558


5,081

403


12,235 11,379


54,040 52,417


12-,038

L29 009


p Ir
- Represents zero. Preliminary. Revised.
2Adjusted for trading-day and calendar-month variations.


11,848

0O 5AQ


115,378

100,498

60,967

61,156


48,692

8,688

4,603

3,104

7,657


10,429

801

2,102
666
874

7,546



1,409
906
586
2,145


14,880


3,070

922


1,345,352

1,174,470


193,997

133,628


710,225 1185,128


100,897

51,656

38,028

88,713


124,944

3,452

22,976
7,713
11,163

84,622



6,095
11,133
5,957
23,285


18,518

11,702

5,525

23,792


47,076

16,775

6,845
3,545
6,693

25,588



5,974
354
504
12,209


17,0882 60,369


39,380 41,672

6,473 9,279


11,956 140,167


54,222 635,127


12,275 141,240

41.947 493.887


9,785


8,869


8,869


189,416

132,089



180,750




18,312

11,837

5,193

23,711


46,605

16,710

6,692
3,457
6,543

25,276



5,959
341
543
11,861


57,327


38,872

9,440


9,519


8,666


8,666


186,590

130,159



177,923




17,733

11,385

5,090

23,152


46,462

16,888

6,557
3,372
6,640

24,740



5,899
314
554
11,516


56,431


38,199

9,179


192,850

132,234



184,311




18,224

11,667

5,254

23,635


46,910

16,836

6,784
3,520
6,686

25,514



5,937
317
484
12,295


60,616


41,972

9,051


9,405 9,412


8,667 8,539


8,667 8,539


189,282

131,194



180,840




17,772

11,612

4,871

23,643


46,602

16,490

6,699
3,485
6,608

25,366



5,950
300
513
12,093


58,088


39,697

9,315


187,386

129,923



178,950




17,179

11,112

4,810

23,403


46,373

16,620

6,563
3,423
6,653

25,183



5,932
332
598
11,860


57,463


39,331

9,019


9,369 9,349


8,442 8,436


8,442 8,436


-
s


- 310 42 140 r 2ev 2sed6








Table 2.--VALUE OF MANUFACT REERS' SHIPMENTS, INVENTORIES, AND ORDERS, FOR MARKET CATEGORIES AND SUPPLEMENTARY SERIES
MMillions of dollars
SWithout seasnal Without seasonal
Seasonally adjusted Without seasonal Seasonally adjusted Withou seasonal
adjustment I adjustment
Industry group -- -- -- -- --t--Annual
Dec. Nov. Oct. Dec. Nov. Dec. Nov. Oct. Dec. Nov. Oct.
1977P 1977r 1977 1977P 1977r total 1977p 1977r 1977 1977P 1977r 1977

Shipments Total inventories

All manufacturing industries, total.. 116,184 113,240 113,119 110,060 113,484 1,326,715 177,352 177,162 176,789 178,025 176,493 175,392

Durable goods industries, total.. ........... 61,650 59,154 59,262 57,743 59,266 692,313 112,845 112,548 111,904 112,602 111,560 110,736
Nondurable goods industries, total......... 54,534 54,086 53,857 52,317 54,218 634,402 64,507 64,614 64,885 65,423 64,933 64,656

Industry g oups arranged by market

Home oods and apparel .................... 9,386 9,279 9,232 8,207 9,576 104,778 14,452 14,479 14,566 14,207 14,109 14,299
Consumer staples ........................ 19,765 19,902 19,555 19,673 20,299 232,483 24,395 24,700 24,914 25,081 25,201 25,292
Equ ipment and defense products, except
autmotive.............................. 16,258 15,529 15,731 16,252 15,136 180,046 41,761 41,536 41,139 41,667 41,356 40,746
Automotive equipment.................... 11,788 11,290 11,305 10,404 11,928 135,362 9,520 9,523 9,315 9,581 9,583 9,472
Construct ion materials suppi is, .and
intermediate products.................. 10,667 10,112 10,193 9,564 9,914 116,950 14,952 14,951 14,861 14,825 14,634 14,592
Other materials and supplies and
intermediate products.................. 48,320 47,128 47,103 45,960 46,631 557,096 72,272 71,973 71,994 72,664 71,610 70,991

Supplementary s.rlps:2
Household durable goods industries...... 4,024 3,952 3,850 3,718 4,037 43,520 7,416 7,445 7,488 7,347 7,283 7,357
Capital good, industries ................ 18,616 17,870 17,975 18,673 17,711 206,387 46,589 46,092 45,730 46,514 46,030 45,514
Nondefense............................. 15,907 15,224 15,432 15,923 15,104 175,385 39,942 39,461 39,134 39,837 39,344 38,900
Defense................................ 2,709 2,646 2,543 2,750 2,607 31,002 6,647 6,631 6,596 6,677 6,686 6,614

New orders Unfilled orders


All manufacturing industries, total.. 120,765 116,068 116,543 113,633 115,378 1,345,352 193,997 189,416 186,590 192,850 189,282 187,386

Durable goods industries, total........ 66,028 61,984 62,503 61,216 61,156 710,225 185,128 180,750 177,923 184,311 180,840 178,950
Nondurable goods industries, total........ 54,737 54,084 54,040 52,417 54,222 635,127 8,869 8,666 8,667 8,539 8,442 8,436

Industry groups arranged by market
categories:
Home goods and apparel.................. 9,407 9,223 9,481 8,071 9,366 105,475 4,080 4,075 4,147 3,855 4,002 4,211
Consumer staples........................ 19,750 19,885 19,536 19,665 20,299 232,513
Equipment and defense products, except
automotive............................ 18,700 17,309 17,899 18,117 16,314 188,441 110,468 107,889 106,247 110,669 108,554 107,479
Automotive equipment ................... 11,926 11,152 11,433 10,657 11,827 136,599
Construction materials, supplies, and
intermediate products................... 10,858 10,732 10,300 9,677 10,304 117,905 18,986 18,794 18,175 18,818 18,706 18,315
Other materials and supplies and
intermediate products................... 50,124 47,767 47,894 47,446 47,268 564,419 60,463 58,658 58,021 59,508 58,020 57,381

Supplementary series-2
Household durable goods industries...... 4,085 3,944 4,066 3,641 3,864 44,222 3,404 3,344 3,352 3,179 3,257 3,430
Capital goods industries................ 22,208 19,453 20,770 21,322 18,824 217,297 120,903 117,310 115,730 120,807 118,158 117,045
Nondefense............................ 17,329 15,883 16,502 16,898 15,679 183,842 86,314 84,892 84,236 86,165 85,188 84,612
Defense............................... 4,879 3,570 4,268 4,424 3,145 33,455 34,589 32,418 31,494 34,642 32,970 32,433

.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 the defense series. PPreliminary. rRevised. IShipments and new orders adjusted for trading-day and calendar-mon th
variations; unfilled orders and inventories as of end of month. 2The supplementary series are regrouping of the separate industry
categories as follows:

Household durable goods industries Household furniture; kitchen articles and pottery; cutlery, handtools, and hardware; household
appliances; ophthalmic goods, watches, and clocks. watchcases; and miscellaneous personal goods.
Capital goods industries The capital goods industries series is comparable to the previous Producers Capital Goods and the D tfense
Products (old series categories.
Nondefense industries Machinery, except electrical (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 (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.







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 Nov.- Oct.- Sept.- 3 month12 months
Dec. Nov. Oct. Average Average
1977 1977 1977 Sept.- June- March- Dec. 1976- rise decline
Dec. 1977 Sept. 1977 June 1977 Dec. 1977


Shipments:
All manufacturing industries......... +2.6 +0.1 +1.1 +1.3 +0.4 -0.2 +0.9 +1.5 -1.1

Durable goods industries, total........ +4.2 -0.2 +1.1 +1.7 +0.6 -0.7 +1.0 +1.8 -1.5
Nondurable goods industries, total .... +0.8 +0.4 +1.0 +0.7 +0.1 +0.4 +0.9 +1.6 -1.1

Total inventories:
All manufacturing industries......... +0.1 +0.2 +0.4 +0.2 +0.4 +0.9 +0.5 +1.0 -0.4
New orders:
All manufacturing industries......... +4.0 -0.4 +3.6 +2.4 +0.3 -0.1 +1.1 +1.9 -1.7
Durable goods industries, total........ +6.5 -0.8 +5.9 +3.9 +0.4 -0.4 +1.3 +3.1 -2.1
Nondurable goods industries, total .... +1.2 +0.1 +1.2 +0.8 +0.1 +0.3 +0.8 +1.8 -1.1
Unfilled orders:
Durable goods industries, total........ +2.4 +1.6 +1.9 +2.0 -0.0 +1.0 +0.9 +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 Withu seonal Seasonally adjusted itut sesonal
adjustment adjustment
Industry group
Dec. Nov. Oct. Dec. Nov. Oct. Dec. Nov. Oct. Dec. Nov. Oct.
1977P 1977r 1977 1977P 1977r 1977 1977P 1977r 1977 1977P 1977r 1977

Total Materials and supplies

All manufacturing industries, total.. 177,352 177,162 176,789 178,025 176,493 175,392 63,279 63,500 64,090 64,397 63,456 64,011
Durable goods industries, total............ 112,845 112,548 111,904 112,602 111,560 110,736 36,910 37,147 37,394 37,524 37,162 37,468
Stone, clay, andglass products........... 4,479 4,562 4,415 4,395 4,354 4,238 1,579 1,581 1,575 1,587 1,560 1,554
Primary metals........................... 17,531 17,581 17,784 17,682 17,394 17,405 8,083 8,035 8,250 8,299 8,179 8,228
Machinery (electrical and nonelectrical). 41,474 41,257 40,929 41,335 40,880 40,456 11,458 11,518 11,479 11,507 11,287 11,343
Transportation equipment.................. 20,501 20,387 20,126 20,637 20,631 20,376 5,890 5,921 6,001 6,089 6,045 6,171
All other durable goods industries....... 28,860 28,761 28,650 28,553 28,301 28,261 9,900 10,092 10,089 10,042 10,091 10,172
Nondurable goods industries, total......... 64,507 64,614 64,885 65,423 64,933 64,656 26,369 26,353 26,696 26,873 26,294 26,543
Chemicals and allied products............ 14,305 14,265 14,177 14,527 14,129 13,894 5,772 5,551 5,529 5,764 5,498 5,510
Petroleum and coal products.............. 6,095 6,004 5,855 6,089 6,114 5,996 2,082 2,055 2,048 2,021 2,013 2,034
Rubber and plastics products, n.e.c...... 4,186 4,137 4,171 4,235 4,070 4,097 1,489 1,438 1,478 1,507 1,415 1,454
All other nondurable goods industries.... 39,921 40,208 40,682 40,572 40,620 40,669 17,026 17,309 17,641 17,581 17,368 17,545

Work in process Finished goods

All manufacturing industries, total.. 55,247 54,699 54,171 54,747 54,560 54,025 58,826 58,963 58,528 58,881 58,477 57,356
Durable goods industries, total............ 45,352 44,938 44,430 44,935 44,787 44,280 30,583 30,463 30,080 30,143 29,611 28,988
Stone, clay, and glass products.......... 753 751 725 708 689 671 2,147 2,230 2,115 2,100 2,105 2,013
Primary metals........................... 5,782 5,846 5,842 5,693 5,630 5,664 3,666 3,700 3,692 3,690 3,585 3,513
Machinery (electrical and nonelectrical). 18,073 17,910 17,664 17,980 17,924 17,657 11,943 11,829 11,786 11,848 11,669 11,456
Transportation equipment ................. 11,653 11,556 11,383 11,615 11,694 11,501 2,958 2,910 2,742 2,933 2,892 2,704
All other durable goods industries....... 9,091 8,875 8,816 8,939 8,850 8,787 9,869 9,794 9,745 9,572 9,360 9,302
Nondurable goods industries, total......... 9,895 9,761 9,741 9,812 9,773 9,745 28,243 28,500 28,448 28,738 28,866 28,368
Chemicals and allied products............ 2,425 2,460 2,470 2,414 2,424 2,412 6,108 6,254 6,178 6,349 6,207 5,972
Petroleum and coal products.............. 1,273 1,230 1,181 1,264 1,226 1,204 2,740 2,719 2,626 2,804 2,875 2,758
Rubber and plastics products, n.e.c...... 758 750 755 764 737 737 1,939 1,949 1,938 1,964 1,918 1,906
All other nondurable goods industries.... 5,439 5,321 5,335 5,370 5,386 5,392 17,456 17,578 17,706 17,621 17,866 17,732

PPreliminary.
rRevised.




Table 5.--RATIO OF MANUFACTURERS' INVENTORIES TO SHIPMENTS AND UNFILLED ORDERS TO SHIPMENTS, BY INDUSTRY GROUP
(Based on seasonally adjusted data)


Industry group


All manufacturing industries, total l...................
tiurable g '-,1 lofdustries. total .... ... ... ..............
Stone, ljy,, frd l ass- products ....... ...
Primary metals ....... ................ ...................
abr c t (io a l 't op t .. ....... ......... ..................
Machinery, lxrept electrical ...... ..... .........
Ele trict.l machinery. ....... .. ................
I ranspo t ji ion equipment.. ...............................
In trtnial ts .tttnd related prtit..... ....... .......
Nondurable koods industries, total... ..................
Food and kindred products. ................................
Tobacco product s .........................................
Textile 0,il1 products .... ......... ......
Paper iand all ed products.. ........ ..................
Chemicals and allied products ............................
Petroleium and coal products ....... ....................
Rubber and plastics products, n.e.c ..................


Unfilled orders shpments
Inventories shipments ratio U l onths Shipmen
I (months' backlog)


Dec.
1977p


Nov.
1977r'


Sept.
1977


Dec
1977p


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


Nov.
1977r


ratio'


Sept.
1977

3.15
3.78
0.92
2.12
3.41
4.82
3.55
8.07
1.71
0.71
(X)
(X)
(NA)
(NA)
(X)


The Bureau of the Census has completed the 1976 Inventory
Valuation survey. The purpose of this supplemental survey is to
determine the percentage distribution of accounting methods
used to value the inventories reported in the monthly Manu-
facturers' Shipments, Inventories, and Orders Survey. The 1976
survey was identical to the survey conducted at the end of 1975
and published in the May 1977 release; however, in the tables
below, two changes have been introduced. First, the industry
detail has been expanded from the 2-digit Standard Industrial
Classification (SIC) presentation used for the 1975 tables.
Second, the 1972 SIC was used as a basis for tabulating the
1976 results and for retabulating the 1975 survey results. When
the 1975 data were initially tabulated, the 1967 SIC was used.
These 1967 SIC data are again presented in the tables below,
revised to reflect corrected reports received from individual
respondents.

In the survey supplement, companies were asked to report
the percentage of the reported December 1976 inventories
valued by the following accounting methods:

1. first-in, first-out (FIFO)
2. last-in, first-out (LIFO)
3. average cost
4. specific or actual cost
5. standard cost
6. other cost methods
7. market valuation methods always used
8. market valuation used because market value was lower
than cost
9. other market methods


The last four categories were collected separately but com-
bined for publication purposes. Where individual categories
in this group were reported by significant numbers of respond-
ents, the figures are shown in the footnotes to the table.


The percentage distribution estimates in the tables below
were developed by allocating the reported December 1976 total
inventory figure for individual respondents to the nine categories
according to the percentage distribution reported in the supple-
mental survey. The allocated values were then aggregated to the
79 industry categories and the percentage distribution of the
aggregates computed. These industry totals were similarly aggre-
gated to the totals shown in the tables below.


These percentage distribution estimates may differ from the
distribution of valuation methods used for public financial re-
porting or income tax purposes. This is because the reported
monthly inventory values are generally based on internal
accounting records. For example, a company may use LIFO
for external reporting purposes and FIFO for internal account-
ing purposes and for reporting in this survey. In such instances,
respondents were specifically instructed to report the valuation
method used for the reported figure, in this example, FIFO.
In addition, these percentages are believed to differ from the
distribution of accounting methods used for inventories as re-
ported in the Annual Survey of Manufactures (ASM), which is
the benchmark on which these inventory aggregates are based.
A similar inquiry was included as part of the ASM for 1975
and 1976, and a similar set of tables for that survey are
forthcoming.


cans, barrels and drums;
petroleum and coal


1976 INVENTORY VALUATION SUPPLEMENT






Table A-I.--PERCENTAGE DISTRIBUTION OF INVENTORY VALUATION METHOD USED IN THE MANUFACTURERS' SHIPMENTS, INVENTORIES,
AND ORDERS SURVEY, BY INDUSTRY GROUP (1972 SIC): 1976 AND 1975

Method of inventory valuation

Industry group FIFO LIFO Average Actual Standard Market and
(1972 SIC) cost cost cost other


1976 1975 1976 1975 1976 1975 1976 1975 1976 1975 1976 1975


All manufacturing industries, total............ 29 30 33 32 17 17 6 6 13 12 2 3

Durable goods industries, total........................ 29 30 33 32 15 17 7 7 13 11 3 3

Stone, clay, and glass products.................... 25 25 34 34 17 19 1 (X) 21 22 2 (X)

Primary metals, total............................... 11 11 60 59 9 13 1 1 7 6 12 10
Blast furnaces, steel mills...................... 3 4 61 57 9 15 1 (X) 7 7 19 17
Nonferrous and other primary metals.............. 21 18 65 69 7 8 (X) 6 5 1 (X)

Fabricated metal products, total................... 34 34 35 38 7 6 7 8 16 13 1 1
Metal cans, barrels, and drums................... 20 23 62 62 3 1 (X) 15 14 -

Machinery, except electrical, total................ 27 30 36 34 16 19 3 3 19 14 (X) (X)
Engines and turbines.............................. 16 19 72 69 3 3 (X) (X) 9 8 (X) 1
Farm machinery and equipment ...................... 22 19 30 33 33 36 (X) (X) 14 12 (X) (X)
Construction, mining, and material handling
equipment........................................ 39 35 36 36 10 18 1 1 14 9 (X) 1
Metalworking machinery ............................ 27 34 29 27 8 4 9 11 26 21 1 3
General industrial machinery..................... 35 30 27 28 6 4 6 6 26 32 (X)

Electrical machinery, total......................... 35 41 34 34 6 5 6 8 17 11 1 1
Electrical transmission and distribution
equipment and industrial apparatus.............. 22 27 53 55 1 (X) 2 3 22 15 (X) (X)
Household appliances.............................. 25 29 55 61 5 (X) 2 (X) 13 10 (X) (X)
Radio and TV...................................... 45 40 42 44 (X) X) 6 9 7 7
Communication equipment .......................... 55 53 16 15 11 11 13 16 5 5 2 (X)

Transportation equipment, total.................... 32 30 6 6 32 36 22 20 7 7 1 1
Motor vehicles and parts.......................... 66 70 3 3 20 20 7 5 3 2 (X) (X)
Aircraft, missiles, and parts .................... 4 4 7 6 45 50 33 29 10 10 1 1
Shipbuilding and military tank vehicles.......... 10 7 11 12 39 33 35 41 (X) 3 5 4

Instruments and related products, total............ 40 39 24 24 6 6 3 5 25 25 (X) 1
Scientific and engineering....................... 34 33 27 26 5 1 1 7 33 32 (X) 1
Photographic goods............................... 44 45 22 22 15 18 6 2 13 12 (X) 1

All other durable goods industries................. 35 37 30 28 21 21 3 3 8 9 3 2

Nondurable goods industries, total................... 30 31 33 32 19 17 3 4 12 13 3 3

Food and kindred products, total................... 34 36 21 19 26 24 4 8 5 5 10 10
Meat products..................................... 55 65 10 5 2 2 4 11 9 6 20 12
Fats and oils.................................... 12 15 18 13 23 22 1 1 2 2 44 48

Tobacco products.................................... 3 5 43 44 47 44 2 6 3 2 2
Textile mill products............................... 31 30 30 29 15 13 2 3 20 24 2 2

Paper and allied products, total................... 33 34 32 26 16 22 4 3 15 15 (X) (X)
Pulp, paper, etc.................................. 14 19 33 27 26 31 6 4 20 18 1 (X)
Paperboard containers............................. 34 33 38 28 15 26 2 3 11 10 (X) (X)
All other paper products.......................... 54 52 26 22 4 8 3 2 12 15 1 1

Chemicals and allied products, total............... 30 28 43 40 12 8 1 (X) 13 23 1 1
Industrial chemicals, except pigments ............ 9 5 68 73 13 6 (X) (X) 9 14 1 1
Drugs, soap, and toiletries...................... 51 52 19 20 9 11 3 (X) 18 17 (X) (X)

Petroleum and coal products........................ 8 8 62 61 24 27 2 1 3 3 1 (X)
Rubber and plastics products........................ 28 29 45 49 11 10 2 5 14 7 (X) (X)
All other nondurable goods industries............... 54 51 26 17 4 6 3 4 12 20 1 2

Represents zero.
(X) Represents less than one half of one percent.




UNIVERSITY OF FLORIDA
Il1 1 1HI1I1I I I N 11111 I 11
Table A-2.--PERCENTAGE DISTRIBUTION OF INVENTORY VALUATION METHODS USED IN THE MANUFACTURE 3 1262 08589 4789
AND ORDERS SURVEY, BY INDUSTRY GROUP (1967 SIC): 1975

Method of inventory valuation
Industry group
(1967 SIC) FIFO LIFO Average Actual Standard Market and
cost cost cost other

All manufacturing industries, total............ 30 32 17 6 12 3

Durable goods industries, total ...................... 30 32 17 7 12 2

Stone, clay, and glass products..................... 25 33 20 22

Primary metals, total .............................. 10 60 13 1 6 10
Blast furnaces, steel mills...................... 4 57 15 ? 17
Nonferrous metals................................. 18 69 8 5
All other primary metals.......................... 20 43 23 5 8 1

Fabricated metal products, total................... 36 37 4 8 14 1
Metal cans, barrels, and drums................... 23 62 1 -

Machinery, except electrical, total................ 30 34 18 3 14 1
Engines and turbines............................. 19 69 3 8 1
Farm machinery and equipment..................... 26 30 33 11 -
Construction, mining, and material handling
equipment........................................ 33 37 19 1 9 1
Metalworking machinery............................ 34 27 4 11 21 3
General industrial machinery..................... 30 28 4 6 32 -

Electrical machinery, total......................... 39 34 4 8 14 1
Electrical transmission and distribution
equipment and industrial apparatus.............. 18 51 3 28 -
Household appliances.............................. 29 60 (X) (X) 10 -
Radio and TV..................................... 40 45 9 6
Communication equipment........................... 53 15 11 16 5 -

Transportation equipment, total..................... 30 7 36 19 7 1
Motor vehicles and parts......................... 72 3 21 2 2
Aircraft, missiles, and parts .................... 4 6 50 29 10 1
Shipbuilding and railroad equipment .............. 29 10 19 29 6 7

Instruments and related products, total............ 44 23 7 6 19 1
Scientific and engineering....................... 40 25 1 8 25 1
All other instruments and related products ....... 45 22 18 2 12 1

All other durable goods industries................. 35 29 22 3 9 2

Nondurable goods industries, total................... 31 32 17 4 13 3

Food and kindred products, total................... 36 18 24 8 5 9
Meat products..................................... 64 5 2 11 6 12
Fats and oils..................................... 14 13 22 1 2 48

Tobacco products .................................... 5 44 44 6 1 -
Textile mill products............................... 30 29 13 3 23 2

Paper and allied products, total................... 34 29 22 3 12
Pulp, paper, etc.................................. 19 35 31 4 11
Paperboard containers............................. 33 28 26 3 10 -
All other paper products.......................... 52 22 8 2 15 1

Chemicals and allied products, total............... 28 41 8 1 22 -
Industrial chemicals, except pigments ............ 5 72 7 1 14 1
Drugs, soap, and toiletries...................... 52 20 11 17 -

Petroleum and coal products......................... 8 61 27 1 3 -
Rubber and plastics products, n.e.c................ 28 50 10 5 7 -
All other nondurable goods industries .............. 51 17 6 4 20 2


N.e.c. Not elsewhere classified. (X) Less than one


- Represents zero.


half of one percent.