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:
AA00008477:00207

Related Items

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

Full Text
C 3.15?:n3-1(77)-3

CURRENT INDUSTRIAL REPORTS

Manufacturers' Shipments,

V/ \ Inventories, and Orders


gO" ~MARCH 1977
U.S. Department of Commerce For Release May 2, 1977 2:00 P.M.
BUREAU OF THE CENSUS Series: M3-1(77)-3


All figures in text below are in seasonally adjusted current dollars


New orders for manufactured products amounted to $112.1
billion, a $5.6 billion or 5 percent rise from February, the
Department of Commerce, Bureau of the Census reported to-
day. New orders for durable goods rose 8 percent or $4.4 billion
to $59.6 billion led by a 20 percent or $2.5 billion rise in
transportation equipment. New orders for nondurable goods
rose $1.2 billion or 2 percent to $52.6 billion. The figure for
new orders for durable goods has been revised upwards by $0.6
billion or 1 percent from the earlier estimate. Virtually all of
the revision came in the machinery industries where new orders
were revised upwards $0.6 billion or 4 percent. Since the data
for most of the machinery industries are encompassed in non-
defense capital goods, new orders for nondefense capital goods
were revised from $14.1 billion to $14.7 billion, now showing
a $0.4 billion or 3 percent rise from February. Defense capital
goods were revised from $2.5 billion to $2.3 billion and are
now $0.4 billion or 24 percent above February.
New orders for motor vehicles and parts rose $1.6 billion or
18 percent to $10.5 billion. About three-fourths of the increase
was in motor vehicle assembly where new orders are estimated
as equal to shipments since there is no backlog of unfilled orders.
The balance of the rise in transportation equipment was due to
a $0.8 billion or 35 percent increase in new orders for aircraft
and parts. New orders for fabricated metals rose $1.0 billion or
15 percent and new orders for primary metals rose $0.6 billion
or 8 percent. All other industries showed an increase except
the electrical and nonelectrical machinery categories. Non-
electrical machinery declined $0.2 billion or 2 percent to $9.8
billion. Electrical machinery declined $0.5 billion or 7 percent
due to a decline in the radio and television industry.
Shipments of manufactured products rose $5.3 billion or 5
percent to $111.4 billion. Shipments of durable goods rose
$4.4 billion or 8 percent to $59.1 billion while shipments of
nondurable goods rose $0.9 billion or 1.8 percent to $52.3
billion. In the transportation industries, shipments rose $1.8
billion or 14 percent, mostly due to motor vehicles and parts.
Shipments of primary metals rose $0.9 billion or 12 percent
and shipments of fabricated metals rose $0.7 billion or 10
percent. Shipments of nondefense capital goods rose $0.4
billion or 3 percent and shipments of defense capital goods
rose $0.1 billion or 5 percent.


Inventories held by manufacturers rose $0.7 billion or less
than 1 percent to $169.2 billion in March. Inventories held
by durable goods producers r billion or $107.6 billion
and inventories held by l producers rose $0.3
billion to $61.5 billion crease was in the
electrical machinery s where inven se $0.3 billion
or 2 percent to $1 Ilion. The nondur oods increase
resulted from small ases in many industry
During the first er of 1977, shipmen manufactured
products were $329 million, $18.8 billion percent above
the fourth quarter ~ ipments of $302. n. The fourth
quarter of 1976 ha sn 5.7 billion o ent from third
quarter 1976. First q a rg m of able goods rose
$10.9 billion or 7 perce on and nondurable
goods rose $7.9 billion or 5 perc 153.8 billion.
At the end of the first quarter, inventories held by all manu-
facturers rose $2.6 billion or 2 percent to $169.2 billion from
fourth quarter inventories. Inventories held by durable goods
manufacturers rose $1.9 billion or 2 percent to $107.6 billion
and inventories held by nondurable goods producers rose
$0.6 billion or 1 percent to $61.5 billion.
The estimates for shipments and orders of nondurable
goods have been revised from December 1975 through February
1977 as explained on page 7.



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 April
is scheduled for release on May 20, 1977 and the full report is
scheduled for release on June 1, 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,
William Menth, (301) 763-2502.


Bureau of the Census, Industry Division, Washington, D.C. 20233, or call


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











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

(Millions of dollars)

Shipments Total inventories

Without seasonal Without seasonal
Industry group Seasonally adjusted Withoadjust mental Seasonally adjusted adjustment

Mar. Feb. Jan. Mar. Feb. Mar. Feb. Jan. Mar. Feb. Dec.
19771' 1977r 1977r 1977P 197r t1ota 1977P 1977r 1977 1977P 1977r 1976

All manufacturing indus-
tries:
Total..................... 111,02 106,092 103,397 114,236 106,867 1,178,205 169,164 168,449 167,482 170,606 170,396 167,299
Total, excluding trans-
portation.............. ..823 93,342 91,045 99,317 93,818 1,042,983 149,715 148,937 148,237 150,954 150,581 148,069

Durable goods industries, total. 59, 096 54,729 53,247 60,719 54,908 604,706 107,621 107,222 106,562 108,663 108,439 105,516

Stone, clay, and glass products. 3.,16 2,765 2,644 2,969 2,546 30,435 4,150 4,234 4,248 4,268 4,305 4,114

Primary metals, total......... 8,500 7,590 7,334 8,813 7,774 88,826 17,325 17,276 17,197 17,417 17,603 17,500
Blast furnaces, steel mills. 4,'65 3,708 3,467 4,538 3,831 45,137 10,241 10,154 10,148 10,200 10,398 10,515
Nonferrous and
other primary metals....... ., 173 3,019 3,020 3,377 3,089 34,110 6,089 6,154 6,100 6,180 6,209 6,030

F ,r.r1 ,g ,T,. r s l ; r1 .. I -
t ........... .. ......... 7,7 7,048 6,764 7742 6,926 79,659 13,237 13,249 13,344 13,431 13,313 12,946
SI -l -r.-, P' l- r -, "in '
drums.......... ........... 7. 1 \628 562 665 568 7,157 1,283 1,147 1,119 1,362 1,194 1,000

Machinery, -. -r-L, I 1 r rI .1.
S ....... .. ............ 10 ) r '9 9,746 10,824 10,146 109,845 24,420 24,253 24,281 24.747 24,602 23,995
i.r.. r,. .,,.i r. t,r... .. .... .... 915 1 6 920 1,063 891 9,662 2,004 1,966 1,951 2.012 1,998 1,922
: .-.. rr i n. -.ipment. 852 4 940 1,034 956 10,087 2.310 2.240 2,341 2,437 2,359 2,309
( r.-rr,, r r.. ,1 orl.n :, and ,
material handling equipment. 1.801) 1,27 1,62 1,889 1,820 19,617 5,440 5.575 5.513 5.587 5,703 5,657
Metalworking machinery...... 48' 581 524 629 601 6,523 1,603 1,588 1,577 1.598 1,594 1,541
General in.-i.-t i i j..,, hi,. ry 955 896 811 994 901 9,642 2.489 2.445 2,526 2,531 2,481 2,420

Electrical r.. .i..s, total... 6.5 6,549 6,546 6,714 6,634 72,039 14.589 14,317 14,054 14,665 14,373 13,977
Electrical t nr.-. si tn and_
distribution equipment ids-
industrial apparatus....... 1 266 1,311 1,323 1.329 1,367 13,663 2,947 2,899 2,901 2,968 2,916 2,882
Household appliances........ 851 924 887 918 876 9,783 1,597 1,543 1,466 1,623 1,573 1,505
Radio and TV................. 464 461 444 444 467 5,584 830 773 803 786 736 781
Communication equipment..... 1,64 1,658 1,663 1,845 1,686 18,467 4,424 4,330 4,161 4,508 4,425 4,217

Transportation equipment, total 14.549 12,750 12,352 14,919 13,049 135,222 19,449 19,512 19,245 19,652 19,815 19,230
Motor vehicles and parts.... 10.'28 8,665 8,556 10.474 9,001 91,115 6.512 6,540 6,429 6,551 6,651 6,376
Aircraft, missiles, and
parts...................... 7. 3 2,587 2,265 2,815 2,700 28,363 10,233 10,206 10,081 10.355 10,336 10.107
Shipbuilding and military
tank vehicles.............. .40 590 638 638 562 6,981 1,194 1,239 1,247 1,194 1,241 1.255

Instruments and related
products, total.............. 1 2,258 2,228 2,369 2,193 24,905 4,740 4,687 4,657 4,733 4,665 4,535
Scientific and engineering.. 1 1,325 1,356 1,424 1,334 14,563 2,959 2,918 2,896 2.974 2,918 2,853
Photographic goods.......... '. 758 687 757 685 8,314 1,292 1,278 1,296 1,281 1,265 1,206

All other durable goods
industries.......... ....... .... >. 1 5,911 5,633 6,369 5,640 63.775 9,711 9,694 9,536 9.75) 9,763 9,219

Nondurable goods industries,
total........................... ..' 76 51,363 50,150 53,517 51,959 573,499 61,543 61,227 60,920 61.941 b1,957 61, 83

Food and kindred products,
total.......................... 1), .1 15,210 14,842 15,684 15,406 176,150 16.107 15,973 15,775 16.06 Io,278 16,411
Meat products ............... ..h. 1, 743 3,749 3,776 3,713 45,078 1.305 1,300 1,228 1. 0 1.1333 1.245
Fats and oils................ ... 1 ,343 1,347 1.448 1,453 15,832 1,995 1,907 1817 .1 2,O 2.084 2,096

Tobacco products.............. 70) 704 717 671 8,087 1 3,485 518 1,41 801 ,74
Textile mill products......... 346 3,21,9 3.660 3,270 37,583 5 417 5,30 52 .118

Paper and allied products,
total ....................... .....l 4,4.1-5 4,358 4.68 4,492 5 ,27 5,68 5,273 5.2 .7 5 52
Pulp, paper. otc ........... 1 ,95 191 .052 1,958 21,95 .064 2 ,0.. 2,04( ,01
Paperboard containers ....... 1,0 1,045 1.097 1,017 12,.83 1.410 1, 1, t 1. 137 1.3
All other paper containers.. ti 1,41,400 1,519 1,517 1979 1,894 1,9. 1155 l 11.87

Chemicals and allied product*, ,
total I ... ..... .... ............. 8 *. l .' l 1 1 9 99 101 o5 1 '954 1.9 1 11, ? .2 1
Industrial chem-tals, except
pigm nts................... 89 2 3 4,48 1,754 1. 849,.9
Drugs, soap, and tol trl. s. *, 8 4,8 78 ).1 ,,r41 1 17,

Petroleum and roal products... ; ) 7.78 7,591 7.94. 82,640 5,119 15,01 0 il .51
Rubber and plastic products,

All other nondurable g.oms
Indu t ri es ..... ... .. ... ...... '.857 9,0 8 0,u24 s '55
See footnotes at end of tabl.











Table 1.--V I1TE OF MANUFACTURERS' SHIPMENTS, INVENO'I)IIES AND ORDERS, BY I NDIUSTY GlOp1'p--onl in ud

Mt Lions of dollars


Industry group


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

Durable goods industries, total.

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

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

Fabricated metal products.....

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

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

Electrical machinery, total...

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

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

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

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

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

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


New orders


Seasonally adjusted


1977' 1977' 1977' 1977'


112,121

97,130

59,552

8,574

4,300

3,419

7,989


9,800

733

1,804
504
843

6,235




1,283
836
267
1,632


14,991


3.140

495


11,963


52,569


11,915

40,654


106,534

93,994

55,159

7,974

4,068

3,031

6,960


9,998

744

1,798
532
867

6,713



1,302
890
600
1,696


12,540


2,329

349


10,974


51,375


11,240

40,135


105,116

92,776

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


50,173


11,019

39,154


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


Without seasonal
adjusted nt'


1977r'




108,003

95, 382

55,844

8.,792

4,630

3,311

6,846


10.303

810

1,793
534
906

b,791



1,342
877
605
1,674


115,110

100.231

61,209

9,169

4,793

3,475

7,981


10,726

922

2,022
627
875

6,445



1,331
915
252
1,696


14,879


2.866

517


12,009


53,901


12,144

41,757


Stasonally ij ,ustlcd


Annual I
total 17P I I


1,182,158

1,044,385

608,362

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


12,621 137,773


30,009

7,205


10,491 119,049


52,159 573,796


11,461

40,698


125,930

447,866


178.372

125.395

169,.848

17,114

10,974

5.057

23,603


44.,187

16,221

6.472
2,899
6.525

23,.420



5,992
313
342
10,693


52,977


34,924

9,468


8.547


8,524


8,524


177, 21

125,S089

169,394

1 7, 41

10. 19

5.01 1

23.374


44,419

16,403

,), 4t)8
2,943
6,637

23, 741



5,976
327
539
10,885


52,534


14,537

9,613


8,285


8,229


8,229


177,179

124.435

1 6K, 902

108,90.:

10,580(

5, 000

23,464


44,279

16,565

6,397
2,992
6, 66

23,575



5,985
361
400
10,848


52,744


34.793

9,855


8,242


8,217


8,217


Without ,asonal
adj us-tmntI

Mar. F b. ,
I 7 p 1977r I


178,657

125.649

170,025

17,775

11,369

5,315

23,419


44,124

16,306

6,459
2.876
6,552

23,263



5,953
318
316
10.682


53,008


34,927

9,629


8,436


8,632


8,632


177. 780

124,735



1 7.419)

11, 114

', 217

21,130 1


5.952
121
508
10,831


53,045


34,875

9, 749


8.134


8,248


174.222

1 1 225

1 16,408

15. 740

9, 963

4, 73(,

23,090


43,662

16,590

6,339
2,890
6. 393

23,071



5,353
261
525
10,642


52,997


35.014

9.963


7.848


7,814


7,814


Unfilled ord,,rs











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

Without seasonal j Without seasonal
Seasonally adjusted Witadjusmeonal Seasonally adjusted adjustment
Industry group
Mar. Feb. Jan. Mar. Feb. Annual Mar. Feb. Jan. Mar. Feb. Dec.
1977P 1977r 1977r 1977P 1977r total 1977P 1977r 1977 1977P 1977r 1976
1 1976r1


All manufacturing industries, total..

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

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

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




All manufacturing industries, total..

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

Industry groups arranged by market
ca tegories:
Home gods and apparel...................
Consumer staples .........................
Equipment and defense products, except
aut om t vlye. ..............................
Automot ive equipment.....................
Construction materials, supplies, and
intermediate products ...................
Other materials and supplies and
intermediate products ...................

Supplementary series-2
Household durable goods induistries.......
Capital goods industries.................
Nondefense ............ .................
Defense ................................


Shipments


Total inventories


___ I _


111,372 106,092 103,397

59,096 54,729 53,247
52,276 51,363 50,150


8,408
19,253

14,898
12,230

9,887

46,696


3,550
16,959
14,286
2,673




112,121

59,552
52,569



8,253
19,279

14,512
12,469

9,893

47,715


3,402
17,025
14,749
2,276


8,285
18,934

14,413
10,524

9,233

44,703


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




L06,534

55,159
51,375



8,413
18,941

14,352
10,717

9,227

44,884


3,510
16,165
14,335
1,830


8,138
18,516

14,203
10,267

8,611

43,662


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


114,236

60,719
53,517



8,763
19,534

15,652
12,469

9,754

48,064


3,659
17,724
15,077
2,647


106,867

54,908
51,959



8,240
19,023

14,625
10,662

8,624

45,693


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


New orders


105,116 115,110 108,003


54,943
50,173



8,171
18,546

13,900
10,482

8,733

45,284


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


61,209 55,844
53,901 52,159


8,639
19,542

15,189
12,577

9,909

49,254


3,529
17,529
15,406
2,123


L,172,805 169,164 168,449 167,482 170,606 170,396

504,706 107,621 107,222 106,562 108,663 108,439
573,499 61,543 61,227 60,920 61,943 61,957


93,039
217,379

162,407
109,437

100,342

'95,602


38,579
181,815
155,510
26,305




1,182,158

608,362
573,796


14,182
23,498

39,369
8,713

14,555

68,847


7,241
43,979
37,468
6,511


14,056
23,327

39,231
8,718

14,663

68,454


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


14,003
23,164

39,044
8,601

14,615

68,055


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


14,198
23,521

39,901
8,833

14,753

69,400


7,253
44,415
37,833
6,582


Unfilled orders


178,372 177,623 177,179

169,848 169,394 168,962
8,524 8,229 8,217


8,422 93, .- :}
19,025 217,-; 3,372


14,261
10,711

8,554

47,030


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


163,587
110,631

99,180

498,255


38,599
183,463
154,041
29,422


3.501


o00,964 101,108


18,135

55,901


2,659
110,228
79,817
30,411


18,129

54,885


2,807
110,163
79,354
30,809


3,366


178,657

170,025
8,632




3,253


14,027
23,736

39,732
8,900

14,743

69,258


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




177,780

169,532
8,248




3,368


100,978 100,800 101,152


18,135

54,700


18,082 17,927

56,522 55,333


2,663 2,539 2,668
110,415 110,136 110.328
78,879 79,553 79,221
31,536 30,583 31,107


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




174,222

166,408
7,814




3,130


101,052


17,863

52,177


2,477
109,832
77,644
32,188


.)ur ing 196l manufacturers in ordnance, communications, aircraft and aircraft parts, and shipbuilding industries began to provide iggro-
gate figur is on shipments, orders, and total inventories of work performed for the Department of Defense. The results of these, reports ar,
in vari-tions; unt 11i d orders and inventiories is of lnd of month. 2The supplementary s.ri(.es are, regrouping of the separate indulstryv
a tegor es as follows-

Household durable g ods indlustri-.s Household furniture; kitchen articles and pottery; cut lry, handtools, and iirdiro: hlius .hold
appli ianc-,s; ophthalmic go..ds, watches, and clocks, watchcases; and miscellaneous personal goods.
Capital go..ods industries i'h1- capital goods industries series is comparable to the previous Producers Capltl I oods and t t It .-nn.
Products (old series categorii's.
Nondefense industries Machinery, except electrical (excluding tarm 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.
IDefense products (new series) Based on separate reports on defense work filed by large defense contractors in the following
industries: ordnance, communicate ions, complete aircraft, aircraft parts, and shipbuilding and military tank vehicles. Theb
data are comparable to those published annually in the MA-175, Shipments of Defense-Oriented Industries, for the specified
industries.


I










Table 3.--MANUFACTURERS' SHIPMENTS, INVENTORIES, AND ORDERS MONTH-TO-MONTH AND LONG TE.RM PERCENT CHANGES

(Based on seasonally adjusted data)


Item and industry group


Shipments:
All manufacturing industries.........

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

Total inventories:
All manufacturing industries.........

New orders:
All manufacturing industries .........
Durable goods industries, total........
Nondurable goods industries, total.....

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


Month-to-month


Feb. -
Mair.
1977


+5.0

+8.0
+1.8


+0.4


+5.2
+8.0
+2.3


+0.3


Jan. -
Feb.
1977


Dec.
1976-
Jan.
1977


Average monthly rat-e of change


Dec. 1976-
Mar. 1977


3 months

Sept.-
Dec. 1976


June-


12 months

Mar. 1976-


Sept. 1976 Mar. 1977


Table 4.--VALUE OF MANUFACTURERS' INVENTORIES, BY STAGE OF FABRICATION, BY INDUSTRY GROUP

(Millions of dollars)

S Without seasonal Iithout seasonal
Seasonally adjusted Seasonally adjusted
adjustment adjustment

Industry group
Mar. Feb. Jan. Mar. Feb. Dec. Mar. Feb. Jan. Mar. Feb. Dec.
1977p 1977r 1977 1977p 1977r 1976 1977p 1977r 1977 19771 1977r 1976

Total Materials and supplies


All manufacturing industries, total.. 169,164 168,449 167,482 170,606170,396 167,299 62,285 61,217 60,819 62,341 61,707 61,774
Durable goods industries, total............ 107,621 107,222 106,562 108,663 108,439 105,516 35,752 35,229 35,141 35,491 35,279 35,188

Stone, clay, and glass products........... 4,150 4,234 4,248 4,268 4,305 4,114 1,463 1,435 1,441 1,475 1,436 1,409
Primary metals .......................... 17,325 17,276 17,197 17,417 17,603 17,500 8,333 8,174 8,044 8,111 8,161 8,286
Machinery (electrical and nonelectrical 39,009 38,570 38,335 39,412 38,975 37,972 11,104 10,842 10,876 11,133 10,899 10,840
Transportation equipment .................. 19,449 19,512 19,245 19,652 19,815 19,230 4,774 4,845 4,800 4,814 4,884 4,745
All other durable goods industries....... 27,688 27,630 27,537 27,914 27,741 26,700 10,078 9,933 9,980 9,958 9,899 9,908

Nondurable goods industries, total......... 61,543 61,227 60,920 61,943 61,957 61,783 26,533 25,988 25,678 26,850 26,428 26,586

Chemicals and allied products............. 12,954 12,991 13,009 13,191 13,261 13,231 5,270 5,260 5,090 5,306 5,297 5,367
Petroleum and coal products............... 5,119 5,083 5,156 4,976 4,960 5,142 1,958 1,785 1,890 1,909 1,754 1,816
Rubber and plastics products, n.e.c...... 4,055 4,000 3,965 4,103 4,068 3,936 1,466 1,464 1,531 1,479 1,479 1,649
All other nondurable goods industries.... 39,415 39,153 38,790 39,673 39,668 39,474 17,839 17,479 17,167 18,156 17,898 17,754

Work in process Finished goods

All manufacturing industries, total.. 52,540 52,752 52,302 53,034 53,222 51,753 54,339 54,480 54,361 55,231 55,467 53,772
Durable goods industries, total............ 43,249 43,611 43,235 43,780 44,044 42,645 28,620 28,382 28,186 29,392 29,116 27,683

Stone, clay, and glass products.......... 671 661 658 725 679 607 2,016 2,138 2,149 2,068 2,190 2,098
Primary metals............................ 5,760 5,846 5,838 5,890 5,984 5,867 3,232 3,256 3,315 3,416 3,458 3,347
Machinery (electrical and nonelectrical 16,538 16,564 16,455 16,669 16,718 16,191 11,367 11,164 11,004 11,610 11,358 10,941
Transportation equipment.................. 12,180 12,206 11,972 12,305 12,366 12,028 2,495 2,461 2,473 2,533 2,565 2,457
All other durable goods industries....... 8,100 8,334 8,312 8,191 8,297 7,952 9,510 9,363 9,245 9,765 9,545 8,840

Nondurable goods industries, total......... 9,291 9,141 9,067 9,254 9,178 9,108 25,719 26,098 26,175 25,839 26,351 26,089

Chemicals and allied products............ 2,192 2,100 2,145 2,245 2,119 2,144 5,492 5,631 5,774 5,640 5,845 5,720
Petroleum and coal products.............. 1,110 1,121 1,108 1,073 1,085 1,135 2,051 2,177 2,158 1,994 2,121 2,191
Rubber and plastics products, n.e.c ...... 712 715 697 730 750 698 1,877 1,821 1,737 1,894 1,839 1,589
All other nondurable goods industries.... 5,277 5,205 5,117 5,206 5,224 5,131 16,299 16,469 16,506 16,311 16,546 16,589

PPreliminary.
rRevised.


Av-rage, 1971-1976


Ave ,gr A- rage
1r d. I in












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

Duri able gofids industries, total .................... ..

St nic, clay. and glass products ..........................
Pri mary metals... ................... ...................
Fabr i ated metals ........................................
Machinery, except electrical... ........................
Electrical machinery... ...........
Transpoltat ion equipment ... .. ................
Instruments and related products .............. ....

Nondurable goods industries, t(ital.............

Food and kindred products ... ..... .......
Tobacco products ..... ... ... ..... .........
Textile mill products ...... ......... ...
Paper and allied products ... ..................
Chemicals and allied products.. .................
Petroleum and coal products..........
Rubber and plastics products, n.e.c.... ..............


Inventories shipments ratio


Mar.
1977p


Feb.
1977r


Unfilled orders shipments ratioi
(months' backlog)


Feb.
1977r


Mar.
1977p


1 1 -I- I T 1- 4 *


NA Not available.


PPreliminary. rRevised. 'X Not applicable.


'Excludes 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










MANUFACTURERS' SHIPMENTS AND ORDERS



The shipments data, both seasonally adjusted and without seasonal adjustment, have been revised for the all other nondurable
goods industries. The new orders data, both seasonally adjusted and without seasonal adjustment, have been revised for the industries
without unfilled orders as follows:



















TABLE A. MANUFACTURERS' SHIPMENT, BY INDUSTRY GROUP AND MONTH


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


ALL MANUFACTURING INDUSTRIES, TOTAL

WITHOUT SEASONAL ADJUSTMENT--MILLIONS OF DOLLARS

1975 ....... (X) (X) (X) (X) (X) (X) (X) (X) (X) (X) (X) 86,952
1976....... 87,264 95,687 100,101 99,537 99,273 103,803 91,832 97,940 103,245 101,383 100,191 97,951
1977 ....... 96,644 106,867 (X) (X) (X) (X) (X) (X) (X) (X) (X) (X)

SEASONALLY ADJUSTED--MILLIONS OF DOLLARS

1975 ....... (X) (X) (x) (x) (X) (X) (X) (X) (x) (X) (X) 92,348
1976....... 93,884 95,262 97,502 98,178 98,191 98,597 98,932 99,078 98,387 97,281 100,108 104,700
1977....... 103,397 106,092 (X) (X) (X) (X) (X) (X) (X) (X) (X) (X)


NONDURABLE INDUSTRIES, TOTAL

WITHOUT SEASONAL ADJUSTMENT--MILLIONS OF DOLLARS

1975 ....... (X) (X) (X) (x) (X) (x) (X) (x) (X) (X) (X) 43,739
1976....... 44,054 47,328 48,237 48,224 47,285 49,025 45,473 48,129 50,221 49,514 48,783 47,225
1977....... 47,455 51,959 (X) (X) (X) (X) (X) (X) (X) (X) (X) (X)

SEASONALLY ADJUSTED--MILLIONS OF DOLLARS

1975 ....... (X) (X) (X) (X) (X) (X) (x) (X) (X) (X) (X) 45,576
1976....... 46,595 46,832 47,120 48.033 47,634 47,990 47,842 47,430 48,328 48,014 48,681 49,180
1977 ....... 50,150 51,363 (X) (X) (X) (x) (X) (X) (X) (X) (X) (X)


ALL OTHERS NONDURABLE INDUSTRIES, TOTAL

WITHOUT SEASONAL ADJUSTMENT--MILLIONS OF DOLLARS

1975....... (X) (X) (X) (X) (X) (X) (X) (X) (X) (X) (X) 6,317
1976 ....... 6,243 6,924 7,037 6,976 6,634 6,969 6,786 7,517 7,661 7,769 7,616 6,722
1977 ....... 6,806 7,719 (X) (X) (X) (X) (X) (X) (X) (X) (X) (X)

SEASONALLY ADJUSTED--MILLIONS OF DOLLARS

1975....... (X) (X) (X) (X) (X) (X) (X) (x) (X) (X) (X) 6,878
1976 ....... 6,872 6,879 6,902 7,020 7,082 6,964 7,190 7,214 7,158 7,133 7,185 7,290
1977 ....... 7,488 7,673 (X) (X) (X) (X) (X) (X) (X) (X) (X) (X)

(X) NOT APPLICABLE.











TABLE B. MANUFACTURERS' NEW ORDERS, BY INDUSTRY GROUP AND MONTH


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


ALL MANUFACTURING INDUSTRIES, TOTAL

WITHOUT SEASONAL ADJUSTMENT--MILLIONS OF DOLLARS

1975 ....... (x) (x) () (X) (X) (X) (X) (X) (X) (X) (X) 85,685
1976....... 86,681 95,716 101,070 99,816 98,440 104,530 93,995 97,174 102,455 102,676 100,102 99,503
1977 ....... 99,067 108,003 (X) (X) (X) (X) (X) (X) (X) (X) (X) (X)

SEASONALLY ADJUSTED--MILLIONS OF DOLLARS

1975 ....... (X) (X) (X) (X) (W) (X) (X) IX) (X) (X) (X) 91,611
1976 ....... 92,639 94,755 98,267 98,415 99,025 99,135 98,811 97,554 98,476 99,244 100,973 106,825
1977....... 105,116 106,534 (X) (X) (X) (X) (X) (X) (X) (X) (X) (X)


NONDURABLE INDUSTRIES, TOTAL

WITHOUT SEASONAL ADJUSTMENT--MILLIONS OF DOLLARS

1975 ....... (X) (X) 1976....... 44,374 47,486 48,369 48,521 47,365 48,803 45,244 47,738 50,148 49,659 48,653 47,436
1977....... 47,688 52,159 (X) (X) (X) (X) (X) (X) (X) (X) (X) (X)

SEASONALLY ADJUSTED--MILLIONS OF DOLLARS

1975 ....... (X) (X) (X) (X) (X) (X) (X) (X) (X) (X) (X) 45,626
1976....... 46,735 46,825 47,155 48,170 47,670 47,886 47,631 47,174 48,409 48,252 48,549 49,560
1977 ....... 50,173 51,375 (X) (X) (X) (X) (X) (X) (X) (X) (X) (X)

INDUSTRIES WITHOUT UNFILLED ORDERS

WITHOUT SEASONAL ADJUSTMENT--MILLIONS OF DOLLARS

1975 ....... (X) ( ) ( ) ( ) ( ) ( ) X) (X) (x) (X) (X) 34,071
1976....... 34,483 36,912 37,629 37,759 36,891 38,234 35,875 37,593 39,060 37,595 37,088 36,620
1977 ....... 37,084 40,698 (X) (X) (X) (X) (X) (X) (X) (X) (X) (X)

SEASONALLY ADJUSTED--MILLIONS OF DOLLARS

1975....... (X) (X) (X) (X) (X) (X) (X) (X) (X) (X) (X) 35,529
1976 ....... 36,444 36,449 36,646 37,486 37,083 37,475 37,499 37,031 37,671 36,799 37,306 38,271
1977....... 39,154 40,135 (X) (X) (X) (X) (X) (X) (X) (X) (N) (X)

(X) NOT APPLICABLE.




TABLE C. MANUFACTURES' SHIPMENTS AND ORDERS, BY MARKET CATEGORY AND MONTH


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


HOME GOODS AND APPAREL

SHIPMENTS

WITHOUT SEASONAL ADJUSTMENT--MILLIONS OF DOLLARS

1975 ....... (X) (X) (X) (X) (X) (X) (X) (X) (N) ( ) (X) 6,726
1976 ....... 6,763 7,730 8,030 7,528 7,433 7,867 7,053 8,335 8,650 8.496 8.195 6,959
1977 ....... 7,112 8,240 (X) (x) (< ) (X) (X) ( ) (X) (X) (X) (X)

SEASONALLY ADJUSTED --MI IONS OF DOLLARS

1975 ....... (X) (X) (X) (X) (X) (X) (X) (X) (X) (N) (X) 7,711
197 ....... 7,746 7,778 7,708 7,636 7,867 7,541 7,698 7,695 7,876 7,710 7,943 7,973
1977 ....... 8,138 8,285 (X) (X) (X) WX) (X) (X) (X) (XI (X) (X)


NEW ORDERiS


XIIT1HOu SEASO)NAL AD UST XENT--MILLIONS F IX)OLARS


1975 ....... x ) (X) (X) (X) (X) (X) (X) (X) (X) (X) IX) t,, l
1976....... 6,79 77,765 8,051 7,532 7,476 7,890 7,398 8,362 8,387 8,51. 8,062 6,849
1977 ....... 7 11 2 ( ) (X) (X) (X) (X) (X) (X) (X) IX) (X)

S ASONA,, AA I II ST I -MII, I)N OF UIOI AIRS


1975 ...... (X ) (NX)
1976. .... 71,811 7,7 8
1977 ...... 171 8,.13

(X) NOT1 APPLICABLE.


X) ())
16 7 ,583
X) (X)


(X) (X )NI (X) (X> (X) )I > 7,745
7,832 7,492 7,807 7,731 7,680 7,888 7,945 7,981
(ix) (X) (X) (N) (










TABLE D. RATIO OF MANUFACTURERS' INVENTORIES TO SHIPMENTS, BY INDUSTRY GROUP

(BASED ON SEASONALLY ADJUSTED DATA)


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


ALL MANUFACTURING, TOTAL

1975 ....... (X) (X) (X) (X) (X) IX) (X) (X) (X) (X) IX) 1.69
1976 ....... 1.66 1.64 1.62 1.61 1.62 1.63 1.64 1.65 1.68 1.71 1.67 1.59
1977....... 1.62 1.59 (X) (X) (X) (X) (X) (X) (X) W) IX) (X)


NONDURABLE GOODS INDUSTRIES, TOTAL

1975....... (X) (X) (X) (X) X) ( ) (X) X) x) (X) X) (X) 1.21
1976 ....... 1.20 1.20 1.20 1.18 1.21 1.21 1.23 1.25 1.25 1.26 1.24 1.23
1977....... 1.21 1.19 (X) (X) (X) (X) (X) (X) (X) (X) (X) (X)


(X) NOT APPLICABLE.


9






1
3
)


.v









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








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.






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


UNIVERSITY OF FLORIDA


3 1262 08589 4862
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