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:
AA00008477:00206

Related Items

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

Full Text
Cs, 15?m rn3-jir)


All figures in text below are in seasonally adjusted current dollars


New orders received during February for manufactured pro-
ducts rose 2 percent or $1.7 billion to $107.0 billion, the De-
partment of Commerce, Bureau of the Census reported today.
New orders for nondurable goods which are essentially equal to
shipments, rose $1.4 billion or 3 percent to $51.8 billion and
accounted for nearly all of the increase. New orders for durable
goods industries rose $0.3 billion or one-half of one percent
to $55.2 billion (revised from $55.0 billion reported earlier).
Most of the rise in the nondurable figures was due to increases
in the foods and chemicals industries. Shipments of food and
kindred products industries rose 3 percent or $0.4 billion to
$15.3 billion and shipments of chemicals rose 6 percent or $0.5
billion to $9.2 billion.
The small rise in new orders for durable goods was composed
of small increases in many industries and a $0.3 billion or 2 per-
cent decline in the machinery industries. New orders for non-
electrical machinery fell by 2 percent or $0.2 billion to $10.0
billion and new orders for electrical machinery fell by 2 percent
or $0.1 billion to $6.8 billion. The decreases in both groups
were based on decreases in most of the underlying industry
categories. The $0.3 billion decline in the machinery industries
was slightly more than offset by the other durable goods in-
dustries which, in aggregate, rose by $0.6 billion resulting in the
durable goods increase of $0.3 billion.
Manufacturing inventories rose in February by 0.6 percent
or $1.0 billion to $168.5 billion. Inventories held by durable
goods manufacturers rose 0.7 percent or $0.8 billion to $107.3
billion continuing an upward trend which began in March 1976.
Inventories held by nondurable goods manufacturers rose 0.5


percent or $0.3 billion *$A iI e upward trend in
nondurable invent s n in 5. With the ex-
ception of the fig December 197 ) december 1976,
the figures for i ries of all manufac ave risen con-
tinously since S ber 1975. For this d, the figures
have shown an A I rate of increase av g 5.6 percent.
When the bas in ustries are regroupe supplemental
categories, the fig ~ r nondefense c it oods industries
show a 3 percent o Ilion decl' in orders to $14.4
billion. Orders for de qS ent or $0.1 billion
to $1.8 billion. Inventorn defense capital goods
producers rose 2 percent or $0.5 billion to $37.2 billion account-
ing for over two-thirds of the overall durable goods increase.


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 March
is scheduled for release on April 21, 1977 and the full report is
scheduled for release on May 2, 1977.
This report contains data on an unadjusted and seasonally
adjusted basis. However, the data are not adjusted for price
changes. For an explanation of terms used in this report see
appendix following table 5.


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


CURRENT INDUSTRIAL REPORTS


Manufacturers' Shipments,

fit Inventories, and Orders

87 o FEBRUARY 1977
U.S. Department of Commerce For Release March 30, 1977 2:00 P.M.
BUREAU OF THE CENSUS Series: M3-1 (77)-2











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

(Millions of dollars)


Industry groul~





All manufacturing indus-
tries:
Total2 ..................
Total, excluding trans-
portation ..............

Durable goods industri,*s, total.

Stone, clay, and glasI products.

Primary metals, total......,...
Blast furnaces; steel mills.
Nonferrous 31ni
other pritpary, motals.......

Fabricated .** .1 A. ts
tot l ...... i ... .............
Metal .-.. I Ai Il, amo
"H')I .... .............

Machirnery, e*ept A left A al,
total...... k ...... ........
Engines and, turbitAns........
Fa2n machintAry and ,,qi U -tnit.
CoAnt ruc tion, leaningg, and
material handling a equpieAnt.
Met Al.working mAchAA riA .... :.
GeInral industIA'1 t i Ainr Ay

Elect ri al machint ry 1.. .
Ele ,t rcal t ransA
d i t ribution AAtAF FAA
indust rial appt i At ;- .......
HoIus hold applian .. .....A.
Radio and TV. ...............
Communication qfo pAni ....

Tran portation equipi j A l a .
Motor vehicles and ri ....
Air'raft, missiles,
p .aArtA .......
S hA pAA Ai A i ,T aI d A A A "


Inst nanentn a.nd rrlit(-<


PhA d A, aphI A 0 .


All ther durabAA


NonIduit A A IooAs inA d ? A j



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





S I I 11 p rod ..... .....


Shipments


Total inventories


Seasonally adjusted Without seasonal Seasonaly adjusted Witoutseasonal
Adjustment I WI t adjustment'


106,466

93,822

54,713

2,732

7,621
3,731

3,031


7,036

632


9,909
901
922

I ,719
555
908

6, 5 A9


103,637

91,285

53,247

2,644

7,334
3,467

3.020


),7764

562


9,746
920
940

1 (, 2
524
811

1, 546


1,3 3
S87
444
1 ,663

12, 5 -


2, 265

608


17A 1 ,


Dec. Feb.
1976r 1977P


105,189

90,920

55,520

2,703

7,298
3,583

2,910


6,961

569


9,666
830
956

1,726
576
850

6,700


107,228

94,290

54,881

2,515

7,804
3,854

3,100


6,912

571


10,198
887
943

1,812
574
913

6,651


1 ,2 1 1 ,348
902 887
4 6.5 467
1,820 1,682

14,26 12,938
10,03 B883

2,729 2,717

61 554


2,19t ,210
1.2B3 1 ,352
747 68-


96,853

85,050

49,189

2,286

6,980
3,457

2,745


6,162

484


Annual


1,182,497

1,046,975

604,663

30,435

88,826
45,137

34,110


79,659

7,15


9,116 109,845
827 9,662
887 10,087

1,607 19, 1 7
491 6,523
723 9,642

6,012 72,039


1,19 19 63
726 3.78
386 5,584
1,651 18,4 7

1.803 135 522
8,361 91.115

2,224 18, 36






1.294 | .1,5
5 /1 | 1


Feb.
1977P


168,515

148,927

107,315

4,257

17,292
10,152

6,173


13,222

1,139


24,266
1,969
2,239

5,574
1,592
2,441

14,278


2,900
1,554
763
4,317

19,588
6,54 3

10.289

1 ,260


Jan.
1977r


167,482

148,237

106,562

4,248

17,197
10,148

6,100


13, 344

1,119


24,281
1,951
2.341

5, 513
1,577
.2,526

14,054


.,901

803


19,245

10,4291


1 ,247


166,587

147,466

105,729

4,194

17,329
10,179

6,178


13, 173

1,109


23,987
1,917
2,323

5,623
1,555
2,472

14, 112



1 ,504



19,121


10, 12o

1 20(


170,463

150,572

108,534

4,328

17,619
10,396

6,228


13,289

1,186


24,614
2,001
2,358

5,702
1,598
2,477

14,334


2,917





19,891
6,654-

10,420

1,243


Jan.
1977r


169,300

149,672

107,378

4,262

17,612
101,534

6,125


I I IL -1P!
.u r . .







A A A i l


167,299

148,069

105,516

4,114

17.500
10.515

6,030


13,248 12,946

1,107 1,000


24,420
1,948
2,397

5,601
1,578
2,534

14,084


23,995
1 922
2,309


., 541
2,420

13, 977


I i, ) i 209 17 ,


,i 6:i ,6' 74 4') 07


I


,iin


I










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

(Millions of dollars)


Industry group


All manufacturing indus-
tries:
Total2..................
Total, excluding trans-
portation ..............

Durable goods industries, total2

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

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

Fabricated metal products.....

Machinery, except electrical,
total2.......................

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,
total2..........................

Industries with unfilled
orders2......................
Industries without unfilled
orders2......................o


- Represents zero.


New orders


Seasonally adjusted


Feb.
1977 p


Without seasonal
adjustment

p 9r total
' i.9.r7 1976


Unfilled orders


Seasonally adj used


1977p


+ 1 I I + I 4 F


107,049

94,633

55,213

8,054

4,122

3,055

6,973



10,032

739

1,830
499
898

6,757



1,291
900
630
1,693


12.416


2,355

349


10,981


51,836


11,271

40,565


105,356

93,016

54,943

7,987

4,054

3,040

6,924


10,219

953

1,663
606
1,077

6,871



1,418
956
299
1,837


12,340


2,311

357


10,602


50,413


11,019

39,394


Prelinary. rRevised
Preliminary. Revised.


107,314

91,734

57,265

7,252

3,808

2,629

7,072


9,629

557

1,762
677
873

7,139



1,300
938
487
2,143


108,516

96,025

55,895

8,875

4,686

3.336

6,858


10,340

807

1,825
510
936

6,829



1,330
886
634
1.670


15,580 12,491


3,924

822


2,347

406


10,593 10,502


50,049 52,621


11,289 12,249

38,760 40,372


99,276

86,995

51,379

7,641

3,809

3,004

6,334


9,520

764

1,621
536
996

6,314



1,311
786
231
1,851


12,281


2,463

532


9,289


47,897


10,604

37,293


1Adjusted for trading-day and calendar-month variations.
2The following data reflect revised December 1976 shipments and new orders


1,186,530

1,048,757


177,764

125.249


608,363 169,464


90,046

45,846

34,956

79,256


108,209

10,298

18,222
6,797
9,157

74,029



13,564
9,845
5,657
20,164


17,090

10,971

5,024

23,400


44,404

16,403

6,508
2,936
6,656

23,762



5,982
325
568
10,886


137,773 52,515


30,009 34,545

7,205 9,621


119,050


578,167


125,966

452,201


8,293


8,300


8,300


j .
1977r




177,179

124,435

168,962

16,658

10,580

5,000

23,464


44,279

16,565

6,397
2,992
6,666

23,575



5,985
361
400
10,848


52,744


34,793

9,855


8,242


8,217


8,217


1976r




175,453

122.700

167,261

16,004

9,993

4,980

23,302


43,808

16,533

6,396
2,910
6,400

23,251



5,890
292
546
10,674


52,753


34,746

10,134


8,143


Without seasonal
adj ustmont'


1977P 1977 197r
__L


177.933

124,903

169,610

17,470

11 ,147

5,230

23,208


44,205

16,446

6,365
2,872
6,689

23,551



5,957
320
536
10,831


53,.030


34,884

9.759


8,146


8,192 8,323


8,192


8,323


176,648

123,172

168,599

16,401

10,315

4,995

23,261


44,064

16,527

6,352
2,935
6,666

23,375



5,976
320
370
10,843


53,476


35,254

9,906


8,022


8,049


8,049


174,222

121,225

166,408

15,740

9,963

4,736

23,090


43,662

16,590

6,339
2,890
6,393

23,071



5,853
261
525
10,642


52,997


35,014

9,963


7,848


7,814


7,814


(without seasonal adjustment):


Item Shipments New orders


All manufacturing industries, total.................... 98,358 99,910

Durable goods industries, total..................... (X) 52,067
Machinery, except electrical, total.............. (X) 9,256

Nondurable goods industries, total................. 47,632 47,843
Food and kindred products......................... 14,599 (X)
Meat products............................. ..... 3,795 (X)
Chemical and allied products..................... 7,979 (X)
Drug, soap and toiletries....................... 2,049 (X)

Industries with unfilled orders ................... (X) 13,617
Industries without unfilled orders................ (X) 34,226










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


Industry group


All manufacturing industries, totalz.

Durable gs-ods industries, total ...........
Nondurable goods industries, total2 ........

Industry groups arranged by market
categories :
IHome goods and apparel...................
C nsu tiier staples' .......................
Equipment and defense products, except
automt ive ..............................
Automotive i i equipment .... .................
Construction materials, supplies, and
intermed iate product s............. .....
Other materials and supplies and
intermedia te products..................

Suppi cement ry s' rioes
Houseliold durable gods industry es .......
Capital gools inilustries .................
Nondefo*ns... ............................
Defense ................................




All manui t during indust ries, total2.

Durable goods industries, iotal2. .. .......
Ntturalbl goods industries- total .......

Industry groups arranged by market
categones
Hfis g ooids and apparell ............ ........
Consumer t iplt ................ ........
Equipment and Ir,,-nse products, except
auti otl .................. .... .....
Autontive .ilpment ..... ...... ... .....
(,ntruct ion matr riils supplies, and
int lrmediat pr lucts ........... ... ......
Other materials and supply ies and
winter etod to prodin ts ..................

Suppi I rin t i r ly s? er l, 2
IH lIl, d I d rabIle ood ilndustrles.......i
Ca I Ind. st d ... ... ..............
Sl *i. .l .. .................. ........
I)-f I. ..................................


Seasonally adjusted


Without seasonal
adjustment'


Feb. Jan. Dec. Feb. Jan. Annual
1977P 1977r 1976r 1977P 1977r total
_____ 1976
Shipments


106,466

54,713
51,753



8,600
18,990

14,478
10,413

9,183

44,802


3,404
16,490
13,928
2,562


107,049

55,213
51,836



8,708
19,028

14,433
10,594

9,230

45,056


3,527
16,239
14,413
1,826


103,637

53,247
50,390



8,378
18,516

14,203
10,267

8,611

43,662


3,333
16,123
13,727
2,396


105,356

54,943
50,413



8,411
18,546

13,900
10,482

8,733

45,284


3,351
16,476
14,778
1,698


105,189 105,189

55,520 54,881
49,669 52,347


8,462
18,317

14,888
11,711

8,898

42,913


8,556
19,066

14,688
10,544

8,577

45,797


3,319 3,331
16,671 16,898
14,208 14,320
2,463 2,578

New orders


107,314

57,265
50,049



8,470
18,310

16,154
11,800

9,075

43,505


3,314
18,110
14,112
3,998


108,516

55,875
52,621



8,722
19,104

14,342
10,581

8,561

47,206


1,517
16,552
14,776
1,776


96,853 1,182,497

49,189 604,663
47,664 577,834



7,321 97,374
17,579 217,380

13,312 162,407
9.756 109,437

7,218 100,297

41,667 495,603


2,892 38,579
15,060 181,816
12,713 155,510
2,347 26,306


Seaonll dstd Without seasonal
Seasonally adjusted Without seasonal
adjustment


Feb. Jan. Dec. Feb. Jan. Dec.
1977P 1977r 1976r 1977P 1977r 1976r

Total inventories


168,515 167,482 166,587

107,315 106,562 105,729
61,200 60,920 60,858


14,061
23,165

39,294
8,709

14,674

68,612


7,079
43,821
37,242
6,579


14,003
23,164

39,044
8,601

14,615

68,055


6,936
43,311
36,702
6,609


14,039
23,119

38,842
8,430

14,161

67,996


6,923
43,104
36,527
6,577


170,463 169,300

108,534 107.378
61,929 61,922



14,032 13,904
23,575 23,809
3979


39,797
8,889

14,755

69,415


7,115
44,277
37,611
6,666


39,307
8,775

14,593

68,912


6,927
43,610
36,900
6,710


167,299

105,516
61,783



13,797
23,774

38,753
8,482

14,038

68,455


6,855
43,027
36,425
6,602


Unfilled orders


99,276


1,186,530 177,764 177,179


51,379 608.3631169,464
47,897 578,1671 8,300


7,325
17,631

13,465
10,017

7,351

43,487


2,882
15,903
13,846
2,057


97,453


3,515


217,- .
101,115
163,587y
110,611
18,182
99,1 .

498,253 54,952


38,599
183,464
154,041
29,422


2,788
110,163
79,364
30,799


168,962


175,453 177,933 176,648

167,261 169,610 168,599
8,192 8,323 8,049


3,366 3,302 3,389

100,978 101,0631101,160


18,014


18,135


54,700


110,415 110,060
78,879 77,829
31,536 32,231


17,981


174,222

166,408
7,814


3,186 3,130

101,468 101,052



17,997 17,863


.074 55,403 53,997


2.652
110,330
79,232
31,098


2.465
110,676
78,776
31,900


52,177


2,477
109,32
77,644
32,188


*luring 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 defense series. PPreliminary. rRevised. 'Shipments and new orders adjusted for trading-day and calendar-month vart-
atlons; unfilled orders and inventories as of end of month. 2The following data reflect revised December 1976 shipments and new orders
(without seasonal adjustment):


Item Shipments New orders


All manufacturing industries, total...............

Durable ..................... ............... ........
Nondurable.................... ........................

Industry groups arranged by market categories:
Consumer staples...................................
Equipment and defense products, except automotive.,

Supplementary series:
Cnpital goods industries ............ .............
Nondefense........................................


98,358

(X)
47,632


18,210
(X)


99,910

52,067
47,843


18,209
15,761


(X) 17,541
(X) 13,503


1


I


I I


I


1 I r I 1 1 1


I ) I 1~










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 Jan.- Nov.- 3 months 12 months
Feb. Dec. 1976 Average Average
1977 Jan. 977 Dec.
1977 Jan. 1977 1976 Nov. 1976 Aug.- May- Feb. 1976 rise decline
Feb. 1977 Nov. 1976 Aug. 1976 Feb. 1977


Shipments:
All manufacturing industries ......... +2.7 -1.5 +4.6 +1.9 +0.4 +0.3 +0.9 +1.5 -1.1

Durable goods industries, total........ +2.8 -4.1 +8.0 +2.2 -0.1 +0.7 +1.1 +1.8 -1.5
Nondurable goods industries, total..... +2.7 +1.5 +1.0 +1.7 +1.0 -0.1 +0.8 +1.6 -1.1

Total inventories:
All manufacturing industries......... +0.6 +0.5 -0.3 +0.3 +0.8 +0.7 +0.6 +1.0 -0.4
New orders:
All manufacturing industries......... +1.6 -1.8 +5.8 +1.9 +1.2 -0.5 +1.0 +1.9 -1.7
Durable goods industries, total........ +0.5 -4.1 +9.2 +1.9 +1.3 -0.6 +1.2 +3.1 -2.1
Nondurable goods industries, total..... +2.8 +0.7 +2.1 +1.9 +1.0 -0.3 +0.8 +1.8 -1.0
Unfilled orders:
Durable goods industries, total........ +0.3 +1.0 +1.1 +0.6 +0.6 -0.1 +0.4 +1.2 -2.7











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

Without seasonal without seasonal
Seasonally adjusted u ssonal Seasonally adjusted W ut sesonal
adjustment adjustment
Industry group
Feb. Jan. Dec. Feb. Jan. Dec. Feb. Jan. Dec. Feb. Jan. Dec.
1977 1977r 1976r 1977 1977r 1976r 1977p 1976r 1976r 1977p 1977r 1976r

Total Materials and supplies

All manufacturing industries, total.. 168,515 167,482 166,587 170,463 169,300 167,299 60,908 60,819 60,634 61,387 61,849 61,774
Durable goods industries, total............ 107,315 06,562 105,729 108,534 107,378 105,516 35,230 35,141 34,621 35,278 35,560 35,188
Stone, clay, and glass products........... 4,257 4,248 4,194 4,328 4,262 4,114 1,447 1,441 1,402 1,447 1,440 1,409
Primary metals.......................... 17,292 17,197 17,329 17,619 17,612 17,500 8,169 8,044 8,059 8,155 8,253 8,286
Machinery (electrical and nonelectrical 38,544 38,335 38,099 38,948 38,504 37,972 10,848 10,876 10,794 10,905 10,919 10,840
Transportation equipment.................. 19,588 19,245 19,121 19,891 19,628 19,230 4,864 4,800 4,586 4,903 4,919 4,745
All other durable goods industries....... 27,634 27,537 26,986 27,748 27,372 26,700 9,902 9,980 9,780 9,868 10,029 9,908
Nondurable goods industries, total......... 61,200 60,920 60,858 61,929 61,922 61,783 25,678 25,678 26,013 26,109 26,289 26,586
Chemicals and allied products............ 13,053 13,009 13,032 13,321 13,256 13,231 5,246 5,090 5,375 5,281 5,179 5,367
Petroleum and coal products.............. 5,127 5,156 5,148 5,003 5,101 5,142 1,810 1,890 1,868 1,778 1,859 1,816
Rubber and plastics products, n.e.c...... 4,007 3,965 3,888 4,074 3,982 3,936 1,476 1,531 1,627 1,490 1,526 1,649
All other nondurable goods industries.... 39,013 38,790 38,790 39,531 39,583 39,474 17,146 17,167 17,143 17,560 17,725 17,754

Work in process Finished goods

All manufacturing industries, total.. 52,812 52,302 52,202 53,282 52,606 51,753 54,795 54,361 53,751 55,794 54,845 53,772
Durable goods industries, total............ 43,619 43,235 43,020 44,053 43,460 42,645 28,466 28,186 28,088 29,203 28,358 27,683
Stone, clay, and glass products.......... 662 658 646 680 661 607 2,148 2,149 2,146 2,201 2,161 2,098
Primary metals........................... 5,869 5,838 5,950 6,008 5,948 5,867 3,254 3,315 3,320 3,456 3,411 3,347
Machinery (electrical and nonelectrical). 16,447 16,455 16,277 16,599 16,551 16,191 11,249 11,004 11,028 11,444 11,034 10,941
Transportation equipment................. 12,274 11,972 12,059 12,435 12,149 12,028 2,450 2,473 2,476 2,553 2,560 2,457
All other durable goods industries....... 8,367 8,312 8,088 8,331 8,151 7,952 9,365 9,245 9,118 9,549 9,192 8,840
Nondurable goods industries, total......... 9,193 9,067 9,182 9,229 9,146 9,108 26,329 26,175 25,663 26,591 26,487 26,089
Chemicals and allied products............ 2,107 2,145 2,154 2,125 2,156 2,144 5,700 5,774 5,503 5,915 5,921 5,720
Petroleum and coal products.............. 1,143 1,108 1,142 1,106 1,083 1,135 2,174 2,158 2,138 2,119 2,159 2,191
Rubber and plastics products, n.e.c...... 708 697 692 743 725 698 1,823 1,737 1,569 1,841 1,731 1,589
All other nondurable goods industries.... 5,235 5,117 5,194 5,255 5,182 5,131 16,632 16,506 16,453 16,716 16,676 16,589

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 ................ ..

Durable goods industries, tota!...... ....................

Stonc lay, and glass products .........................
Prinary metals...........................................
i "brit t d Ietals ..... ....... .......................... ..
Ma. hilnery, except electrical.............................
Fl ct rcal machinery.....................................
spo t a tion equipment..................... ............
Sii, Irini s and related product s. ................ ......

No.liuraible goods Industries, total .............. ..........

d and kindred products...............................
Tob 'c( products. ..........................
.c tile mil l products.....................................
P ; l nd allied products............. ...................
Clh : ls and allied products ............................
P un a' nd coal products ..............................
Rubtb r and plastics products, n.e.c ......................


Inventories shipments ratio


Feb.
1977p


Dec.
1976r


Unfilled orders shipments ratio'
(months' backlog)


Feb.
1977p


Jan.
1977r


Dec.
1976r


N' NSot available. PPreliminary. rRevisd. XN Not applicable.
IExcludes 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.


~I I I I 1









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 ,ii-
separate divisional type reports for their operations in dttererr,
industries.
Most of the reporting units include mixed industry activity
even within the broad industry categories of the mnthi. 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.
Sripments also include receipts of establishments in the
industry for contract work performed for othet: 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 dtpninding
on the 4-digit industry composition of these iroup.-, 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 hiiiin, 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 r. 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 estalbi:,irn ,'; 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 e:.t: 'lisl.r-r' in an indus-
try is not precise. The figures on the change in inventories from
one period to the next are of greater ,ncrfiajnc, 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 :ta .-. 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 t inhed 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 int -/ce. Orders-Orders as re-
ported in the monthly survey are net of cancellations luring 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 4870

COM-202


change documents which increase or decrease the sales value of
the unfilled orders to which they relate. Orders include onmy
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.