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:
AA00008477:00208

Related Items

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

Full Text

CURRENT INDUSTRIAL REPORTS


Manufacturers' Shipments,
Inventories, and Orders


U.S. Department of Comrn
BUREAU OF THE CENSUS


JANUARY 1978
For Release March 3, 1978, 3:00 P.M.
M3-1(78)-1


New orders for manufactured products in January declined
3.6 percent or $4.3 billion to $117.2 billion the Department
of Commerce, Bureau of the Census reported today. Shipments
of manufactured products were $113.7 billion, 2.8 percent or
$3.3 billion below December; and total inventories were $177.5
billion, $0.7 billion or 0.4 percent above December. The ship-
ments and new orders declines were the largest since December
1974 when shipments declined by 5.0 percent and new orders
declined by 6.3 percent.

About two-thirds of the decrease in new orders for durable
goods may be traced to the $2.2 billion or 59 percent decline in
new orders for defense aircraft and parts. This decline follows
some of the largest increases ever recorded in this series, which
also includes export orders for military aircraft. During the
fourth quarter of 1977, new orders for defense aircraft and
parts were $8.0 billion compared to $2.6 billion in the third
quarter of 1977. The January decline in this series was also
reflected in the $2.8 billion or 16 percent decline in trans-
portation equipment and the $1.7 billion or 35 percent decline
in defense capital goods new orders.

New orders for primary metals rose $0.2 billion or 2.5 per-
cent due to a $0.6 billion or 14 percent rise in steel orders.
Orders for nonelectrical machinery fell by 7.3 percent or $0.9
billion, while orders for electrical machinery rose by $0.7
billion or 8.9 percent. New orders for nondefense capital goods
fell $0.7 billion or 4.3 percent to $16.6 billion following a $1.5
billion or 9.3 percent increase in December.

With the exception of electrical machinery, shipments de-
clined in every major industry group in January. In the durable
industries: shipments of nonelectrical machinery fell 5.7 percent
or $0.6 billion; shipments or motor vehicles and parts decreased
by 5.7 percent or $0.6 billion; and shipments of fabricated
metal products declined by 4.6 percent or $0.4 billion. In the
nondurable goods industries: shipments of foods declined by
$0.3 billion or 1.8 percent; shipments of petroleum products
fell by $0.2 billion or 2.3 percent; and shipments of chemicals
decreased by $0.2 billion or 1.6 percent.

The backlog of unfilled orders in all industries continued to
rise in January. The backlog of orders for steel products showed


the largest increase, with a $0.9 billion or 7.4 percent rise to
$12.8 billion at the end of January. The backlog or orders for
fabricated metal products rose $0.6 billion or 2.5 percent and
the backlog of orders for electrical machinery rose $0.8 billion
or 3.2 percent to $26.4 billion.

Inventories held by durable goods manufacturers rose $0.4
billion or 0.3 percent to $112.9 billion. Most of the durable
goods industries increase was in the nonelectrical machinery
industries where inventories rose $0.2 billion or 0.9 percent to
$26.3 billion. Inventories held by nondurable goods manu-
facturers rose $0.4 billion or 0.6 percent to $64.5 billion.
The largest increase in the nondurable goods sector was in the
chemicals industries where inventories rose $0.2 billion or 1.4
percent to $14.4 billion.


NOTICE

The next benchmark report in this series (M3-1.7) is ten-
tatively scheduled for release at the end of March. This report
will include revisions to the shipments and inventory series to
reflect adjustments to the 1974-1976 Annual Surveys of Manu-
factures and a recomputation of the factors used to seasonally
adjust the individual series. This report will be similar in format
and content to the M3-1.6 report issued in December 1976.
The Advance Report on Durable Goods for March 1978
(scheduled for release on April 21), will be based on the revised
series and seasonal factors contained in the forthcoming bench-
mark report.


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 February
is scheduled for release on March 21, 1978 and the full re-
port is scheduled for release on March 30, 1978.


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










Table l.--VALUE OF MANUFACTURERS' SHIPMENTS, rI ENRI, I E, AND OiDERi, BY INDUSTRY GROUP

IMillions of .'ilara' ..
_-,ri i ,TTct : '" jrlinv t'r e

h .a *~ netre
.-u 0 1 h-1s.o ..

Industry group ajjn ] ..I. J pent'

..... .... .. -., ,:, .:. *i .., ..


All \ -.,, I turl-. n,-,.-
tries:
Total................... 113,664
Total, excluding trans-
portation.............. 99,843
Total for industries
with unfilled orders... 58,904

Durable goods industries, total. 59,643

Durable goods with unfilled
orders......................... 46,947

Stone, clay, and glass products. 3, 131

Primary metals, total......... 8,350
Blast furnaces, steel mills. 4,100
Nonferrous and
other primary metals....... 3,324

Fabricated metal products
total........................ 7,210
Metal cans, barrels, and
drums...................... 644

Machinery, except electrical,
total........................ 10,434
Engines and turbines........ 1,010
Farm machinery and equipment. 764
Construction, mining, and
material handling equipment. 2,120
Metalworking machinery ...... 657
General industrial machinery 882

Electrical machinery, total... 7,641
Electrical transmission and
distribution equipment and
industrial apparatus....... 1,625
Household appliances........ 1,069
Radio and TV................ 562
Communication equipment..... 1,949

Transportation equipment, total 13,821
Motor vehicles and parts.... 9,199
Aircraft, missiles, and
parts...................... 2,849
Shipbuilding and military
tank vehicles.............. 639

Instruments and related
products, total.............. 2,413
Scientific and engineering.. 1,506
Photographic goods.......... 750

All other durable goods
industries.................... 6,643

Nondurable goods industries,
total .......................... 54,021

Nondurable goods with unfilled
orders......................... 11,957

Food and kindred products,
total........................ 15,762
Meat products............... 4,004
Fats and oils............... 1,555

Tobacco products.............. 749
Textile mill products......... 3,692

Paper and allied products,
total............. ........... 4,614
Pulp, paper, etc............. 1,953
Paperboard containers....... 1,046
All other paper containers.. 1,615

Chemicals and allied products,
total........................ 9,658
Industrial chemcials, except
pigments................... 3,017
Drugs, soap, and toiletries. 2,406

Petroleum and coal products... 8,186
Rubber and plastics products,
n.e.c........................ 3.171
All other nondurable goods
industries................... 8, 189
See footnotes at end of table.


116.929

102,574

61,043

61,675


48.713

3,221

8,598
4.319

3.310


7,556

588


11,061
891
904

2,169
649
988

7,411


1,362
1,015
591
1,862

14,355
9,760

2,789

669


2,449
1,452
842


7,024


55.254


12,330


16,051
4,110
1,571

803
3,827


4,769
2,107
997
1,665


9,820

3,247
2,382

8,382

3,273

8,329


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


105,630

92,782

54,368

54,542


43,091

2,706

7,960
4,088

3.021


6,554

555


9.701
914
721

2,050
615
787

6,924


1,462
876
489
1,853

12,848
8,984

2,491

574


2,205
1.436
624


5,644


51,088


11,277


15,107
4,000
1,560

712
3,329


4,418
1,899
982
1,537


9,116

3,081
2,283

8,040

2,918

7.448


110.685

97,511

58,137

57.715


46,278

2.763

7,956
4.047

3,065


7,071

495


10.921
1,012
711

1,924
682
995

7,267


1,351
929
616
1,938

13,174
8,778

2,867

671


1 I '2-',

684,650

692,286


544,024

35, 155

98,384
49,960

37 503


88,051

7,755


121, 638
10,885
10,446

22,510
7,089
10,839

82,223


16,003
11,075
6,016
21,663

163,397
113,022

32,484

7,390


2.450 27,898
1.426 16,602
879 9,146


6,113 75,540


52,970 635,055


11.859 140,626


16,050
4,143
1,549

800
3.592


4.450
1,959
938
1,553


9.042

3,081
2,251

8,377

2,994

7,665


186,880
47,014
18,281

8,633
42,411


54,375
23,830
12,367
18,178


112,475

37,901
27.251

96,562

37.192

96.527


1" '. 6



118,301

112,938


103,619

4,590

17,084
9,532

6,459


13,911

1,236


26,308
2,184
2,478

5,749
1,672
2,811

15,706


3,161
1,694
981
4,972

20,296
7,242

9,996

1,396


5,111
3,281
1,359


9,932


64,531


14,682


15,642
1,273
1,392

3,533
5,530


5,639
2,116
1,450
2,073


14,427

4,079
4.279

5,992

4. 301

9,467


-* .'.'177,162

466,'491 156,775

117,847 118,175

112,558 112,548


103,233

4.469

17,370
9,782

6,501


13.969

1,334


26,079
2,117
2,446

5,748
1,674
2,863

15,684


3.200
1,670
906
5,074

20,229
7,076

10.137

1.344


4.966
3.158
1.352


9,792


64.162


14,614


15,654
1,194
1,457

3,585
5,451


5,573
2.,112
1.428
2,033


14,223

4,116
4.163

6,023

4,200

9,453


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


179,302

158,590

119,048

113, 781


104,409

4,604

17,478
9,895

6,485


13,815

1,222


26,454
2,186
2,538

5,841
1,673
2,819

15,745


3,176
1,755
913
5,076

20,712
7,459

10,132

1,414


5,044
3,265
1,318


9,929


65,521


14,639


16,196
1,282
1,564

3,844
5.499


5,655
2,110
1,433
2,112


14,716

4,185
4,237

5,929

4,320

9, 362


177,363

157,005

117,.541

112,291


103,088

4,385

17.517
10.105

6.345


13.714

1.203


26.082
2,127
2.432

5,782
1,659
2,803

15,537


3,198
1,671
867
5,048

20,358
7.161

10,123

1,406


4,926
3.,199
1,284


9,772


65,072


14,453


16,385
1,178
1,669

3,829
5,306


5,619
2,120
1,425
2,074


14,448

4.182
4,150

6,017

4,248

9,220


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


64,933


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









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

(Millions of dollars)

New orders Unfilled orders

S Without seasonal Without seasonal
Industry group Seasonally adjusted adjustment Seasonally adjusted adjustment

Jan. Dec. Nov. Jan. Dec. Annual Jan. Dec. Nov. Jan. Dec. Nov.
1978p 1977r 1977 1978' 1977r 1977r 1978P 1977r 1977 1978P 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........................


117,223

102,829

62,463

63,023


50,327

9,170

4,981

3,205

7,814


10,795

898

2,296
734
863

8,459



1,679
1,141
653
2,429


14,394


3,304

483


12,391


54,200


12,136

42,064


121,566

104,337

65,680

66,162


53,200

8,948

4,356

3,605

7,609


11,650

957

2,304
767
1,142

7,768



1,402
1,038
559
2,186


17,229


5,489

466


12,958


55,404


12,480

42,924


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


14,413


3,284

934


12,140


54,084


11,944

42,140


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


109,943

95,839

58,681

58,480


47,029

8,765

4,686

3,166

7,083


10.002

705

2,239
647
774

7,671



1,545
937
553
2,332


14,104


3,320

641


114,312

98,781

61,764

61,298


49,861

8,552

4,273

3,413

7,037


11,352

1,362

1,991
747
1,077

7,458



1,362
955
594
2,116


15,531


5,040

366


1,346,031

1,175,176

703,525

710,307


562,230

101,014

51,836

37,987

88,573


125,008

11,132

22,939
7,747
11,137

84,701



16,108
11,140
5,981
23,291


170,855


39,339

6,436


10,855 11,368 140,156


51,463 53,014 635,724


11,652 11,903 141,295

39,811 41,111 494,429


197,611 194,056

136,839 133,854


188,614




19,480

12,754

5,369

24,368


47,560

16,665

7,004
3,652
6,678

26,449



6,053
436
601
12,664


60,772


42,026

9,081


9,985


185,239




18,660

11,873

5,488

23,765


47,199

16,777

6,827
3,575
6,697

25,632



5,999
364
511
12,184


60,202


41,573

9,237


9,781


189,416 197,210 192,902

132,089 135,509 132,457


180,750 188,


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


19,171

12,435

5,363

24,135


47,334

16,629

6,955
3,582
6,678

26,301



6,044
387
555
12,748


61,701


42,698

9,077


9,711


184,418




18,368

11,838

5,219

23,608


47,033

16,840

6,766
3,550
6,691

25,554



5,961
325
491
12,269


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


60,445 58,088


41.870

9,009


9,410


8,997 8,817 8,666 8.857 8,484


8,997


8,817


8,666


8,857


8,484


39,697

9,315


9,369


8,442


8,442


- Rprsets er. ~ r l~ay ~ vsd









Table 2.--VALUE OF MANUFACTURERS' SHIPMENTS. INVENTORIES, AND ORDERS, FOR MARKET CATEGORIES AND SUPPLEMENTARY SERIES
(Millions of dollars)
Without seasonal I Without seasonal
Seasonally adjusted adjusteasonal Seasonally adjusted adjustment
Industry group
Jan. Dec. Nov. Jan. Dec. Annual Jan. Dec. Nov. Jan. Dec. Nov.
1978p 1977r 1977 1978P 1977r total 1978P 1977r 1977 1978 1977r 1977
1977
Shipments Total inventories

All manufacturing industries, total.. 113,664 116,929 113,240 105.630 110,685 1,327.341 177,469 176,720 177,162 179.302 177,363 176,493

Durable goods industries, total............ 59,643 61,675 59,154 54,542 57,715 692.286 112,938 112,558 112,548 113.781 112,291 111,560
Nondurable goods industries, total......... 54,021 55,254 54,086 51,088 52,970 635.055 64,531 64,162 64,614 65.521 65,072 64,933

Industry groups arranged by market
categories:
Home goods and apparel................... 9.235 9,495 9,279 8.064 8,304 104,875 14,883 14.558 14,479 14,71h 14.306 14.109
Consumer staples......................... 19.763 20,072 19,902 18,771 19,960 232,770 24,133 24,085 24,700 24.7'-I 24,762 25,201
Equipment and defense products, except
automotive............................... 15,624 16,244 15,529 14,196 16,213 180,008 41,974 41,964 41,536 42,256 41,867 41,356
Automotive equipment....................... 11.168 11,851 11.290 10,566 10,456 135.414 9.616 9,392 9,523 9,817 9,450 9,583
Construction materials, supplies, and
intermediate products.................... 10,039 10,640 10,112 8,409 9,529 116.915 15,062 14,887 14,951 15,043 14,761 14,634
Other materials and supplies and
intermediate products.................... 47,835 48,627 47,128 45,624 46,223 557,359 71,801 71,834 71,973 72,626 72,217 71.610

Supplementary series:2
Household durable goods industries....... 3,924 4,080 3,952 3,398 3,770 43,572 7,599 7,403 7,445 7,587 7,330 7,283
Capital goods industries................... 18,367 18,610 17,870 16,706 18,637 205,914 46,673 46,670 46,092 46,998 46,588 46,030
Nondefense............................... 15,681 15,873 15,224 14,326 15,858 174,883 40,036 40,020 39,461 40,255 39,908 39,344
Defense ................................. 2,686 2,737 2,646 2,380 2,779 31,031 6,637 6,650 6,631 6,743 6,680 6,686

New orders Unfilled orders


All manufacturing industries, total.. 117.223 121,566 116,068 109,943 114,312 L,346,031 197,611 194,056 189,416 197,210 192,902 189,282

Durable goods industries, total............. 63,023 66,162 61,984 58,480 61,298 710,307 188,614 185,239 180,750 188 353 184,418 180,840
Nondurable goods industries, total......... 54,200 55,404 54,084 51,463 53,014 635,724 8,997 8,817 8,666 ,45-"' 8,484 8,442

Industry groups arranged by market
categories:
Home goods and apparel.................... 9,475 9,556 9,223 8,264 8,202 105, 380 4111 4,075 4136 3,882 4002
Consumer staples......................... 19,793 20,050 19,885 18,825 19,943 232,'1
Equipment and defense products, except
automotive............................... 17,202 18,738 17,309 16,239 18,129 188,450
Automotive equipment...................... 11.395 11,963 11,152 10,845 10,682 136,624 12,299110,494 107,889 13014110,690 08,55
Construction materials, supplies, and
intermediate products................... 10.451 10,774 10,732 8,839 9,587 117.815 19,340 18.929 18,794 19,193 18.763 18.706
Other materials and supplies and
intermediate products.................... 48.907 50,485 47,767 46,931 47,772 564,745 61,592 60,522 58,658 60,867 59,567 58,020

Supplementary series:2
Household durable goods industries....... 4,113 4,159 3,944 3.,551 3,708 44,359 3.608 3,421 3.344 3,348 3,195 3,257
Capital goods industries ................. 19,753 22,210 19,453 18,671 21,295 216.668 122.302 120,914 117,310 122,778 120,814 118,158
Nondefense.............................. 16,618 17,366 15,883 15,436 16,908 183,250 87.328 86,388 84,892 87,348 86,238 85,188
Defense ................................ 3,135 4,844 3,570 3,235 4,387 33,418 34,974 34,526 32,418 35,430 34,576 32,970

-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. 'Shipments and new orders adjusted for trading-day and calendar-month
variations; unfilled orders and inventories as of end of month. 2The supplementary series are regroupings of the separate industry
categories as follows:

Household durable goods industries Household furniture; kitchen articles and pottery; cutlery, handtools, and hardware; household
appliances: 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 Defense
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, 1973-1977


Item and industry group Dec.- Nov.- Oct.- 3 months 12 months
Jan. Dec. Nov. Average Average
1978 1977 1977 Oct.- July- April- Jan. 1977 rise decline
Jan. 1978 Oct. 1977 July 1977 Jan. 1978


Shipments:
All manufacturing industries.......... 2.8 +3.3 +0.1 +0.2 +1.2 -0.1 +0.8 +1.6 -1.1

Durable goods industries, total........ -3.3 +4.3 -0.2 +0.3 +1.4 +0.0 +1.0 +2.0 -1.6
Nondurable goods industries, total..... -2.2 +2.2 +0.4 +0.1 +0.9 -0.3 +0.6 +1.6 -1.2

Total inventories:
All manufacturing industries.......... +0.4 -0.2 40.2 +0.1 40.4 +0.7 +0.5 +1.0 -0.4
New orders:
All manufacturing industries......... -3.6 +4.7 -0.4 +0.2 +2.4 -0.9 +0.9 +2.0 -1.5
Durable goods industries, total........ -4.7 +6.7 -0.8 +0.4 +3.7 -1.5 +1.2. +3.2 -2.1
Nondurable goods industries, total..... -2.2 +2.4 +0.1 +0.1 +0.9 -0.2 +0.6 +1.8 -1.0
Unfilled orders:
Durable goods industries, total........ +1.8 +2.5 +1.6 +2.0 +0.8 +0.5 +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 W du sonal Seasonally adjusted use n
adjustment adjustment
Industry group
Jan. Dec. Nov. Jan. Dec. Nov. Jan. Dec. Nov. Jan. Dec. Nov.
1978p 1977r 1977 1978p 1977r 1977 1978P 1977r 1977 1978p 1977r 1977

Total Materials and supplies

All manufacturing industries, total.. 177,469 176,720 177,162 179,302 177,363 176,493 62,762 63,073 63,500 63,756 64,177 63,456
Durable goods industries, total............ 112,938 112,558 112,548 113,781 112,291 111,560 36,561 36,829 37,147 36,993 37,429 37,162
Stone, clay, and glass products........... 4,590 4,469 4,562 4,604 4,385 4,354 1,630 1,601 1,581 1,628 1.609 1,560
Primary metals............................ 17,084 17,370 17,581 17,478 17,517 17,394 7,529 8,010 8,035 7,715 8,222 8,179
Machinery (electrical and nonelectrical). 42,014 41,763 41,257 42,199 41,619 40,880 11,599 11,612 11,518 11,644 11,661 11,287
Transportation equipment................. 20,296 20,229 20,387 20,712 20,358 20,631 5,879 5,630 5,921 6,026 5,821 6,045
All other durable goods industries....... 28,954 28,727 28,761 28,788 28,412 28,301 9,924 9,976 10,092 9,980 10,116 10,091
Nondurable goods industries, total......... 64,531 64,162 64,614 65,521 65,072 64,933 26,201 26,244 26,353 26,763 26,748 26,294
Chemicals and allied products............ 14,427 14,223 14,265 14,716 14,448 14,129 5,773 5,671 5,551 5,880 5,664 5,498
Petroleum and coal products.............. 5,992 6,023 6,004 5,929 6,017 6,114 2,072 2,050 2,055 2,037 1,989 2,013
Rubber and plastics products, n.e.c...... 4,301 4,200 4,137 4,320 4,248 4,070 1,465 1,467 1,438 1,461 1,485 1,415
All other nondurable goods industries.... 39,811 39,716 40,208 40,556 40,359 40,620 16,891 17,056 17,309 17,385 17,610 17,368

Work in process Finished goods

All manufacturing industries, total.. 55,464 55,085 54,699 55,758 54,584 54,560 59,243 58,562 58,963 59,788 58,602 58,477
Durable goods industries, total............ 45,828 45,328 44,938 46,039 44,906 44,787 30,549 30,401 30,463 30,749 29,956 29,611
Stone, clay, and glass products........... 727 733 751 730 689 689 2,233 2,135 2,230 2,246 2,087 2,105
Primary metals........................... 5,743 5,701 5,846 5,845 5,612 5,630 3,812 3,659 3,700 3,918 3,683 3,585
Machinery (electrical and nonelectrical). 18,376 18,141 17,910 18,485 18,046 17,924 12,039 12,010 11,829 12,070 11,912 11,669
Transportation equipment................. 11,685 11,777 11,556 11,858 11,738 11,694 2,732 2,822 2,910 2,828 2,799 2,892
All other durable goods industries....... 9,297 8,976 8,875 9,121 8,821 8,850 9,733 9,775 9,794 9,687 9,475 9,360
Nondurable goods industries, total......... 9.636 9,757 9,761 9,719 9,678 9,773 28,694 28,161 28,500 29,039 28,646 28,866
Chemicals and allied products............ 2,373 2,443 2,460 2,388 2,433 2,424 6,281 6,109 6,254 6,448 6,351 6,207
Petroleum and coal products.............. 1,246 1,216 1,230 1,217 1,207 1,226 2.674 2,757 2,719 2,675 2,821 2,875
Rubber and plastics products, n.e.c...... 730 753 750 760 759 737 2,106 1,980 1,949 2,099 2,004 1,918
All other nondurable goods industries.... 5,287 5,345 5,321 5,354 5,279 5,386 17,633 17,315 17,578 17,817 17,470 17,866

PPreliminary.
rRevised.










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

(Bascd on seasonally adjusted data)


Industry group




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

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

Stone, clay, and glass products ..........................
Primary met s .. ................................ .......
Fabricated metals....................... ..................
Machinery, except electric al .............................
Electrical machinery......................................
Transportat on equipment .................................
Instruments and related products ........................

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

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


Inventories shipments ratio


Jan.
1978P


Dec.
1977r


Unfilled orders shipments ratio'
(months' backlog)


Jan.
1978p


: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.


Dec.
1977r


cans, barrels and drums;
petroleum and coal









APPENDIX


The following is a description of the survey and definitions
used. These are provided to clarify the meaning of the items
involved and do not represent any revisions from those defini-
tions previously employed.


DESCRIPTION OF SURVEY

The Manufacturers' Shipments, Inventories, and Orders survey
provides monthly figures that are comparable to the annual
totals published each year in the Annual Survey of Manufac-
tures (ASM). The ASM is based on a sample of approximately
60,000 manufacturing establishments drawn from the 5-year
census universe of about 310,000 establishments. In the ASM,
each manufacturing establishment provides data on employ-
ment, payrolls, shipments, cost of materials, capital expendi-
tures, and inventories as well as other selected items. The estab-
lishments do not provide information on unfilled orders or new
orders. Since the ASM is establishment based, it provides data
for each of the 425 manufacturing industries in the Standard
Industrial Classification System (SIC) and area data for industry
groups.
The monthly survey M3-1 does not provide information at
the complete SIC industry detail because of the smaller size of
the reporting panel and the fact that most companies cannot
provide shipments, inventories, and orders data monthly for
individual establishments.
The monthly reporting panel consists of approximately
5,000 reporting units and includes virtually all companies with
1,000 or more employees and a sample of the smaller ones. The
reporting unit typically comprises the entire operations of a
company although many of the larger diversified companies file
separate divisional type reports for their operations in different
industries.
Most of the reporting units include mixed industry activity
even within the broad industry categories of the monthly sur-
vey. The survey methodology assumes that the month-to-month
changes of the reporting units classified in each industry cate-
gory represent effectively the month-to-month movements of
the establishments in the SIC industries which make up the
category. Thus, the monthly reports are used to update the
ASM estimates by using a link relative of matched companies in
each industry.


EXPLANATION OF TERMS

Value of Shipments-Shipments in the monthly survey are
equivalent to value of shipments as reported in the ASM which
are received or receivable net selling values, f.o.b. plant, after
discounts and allowances and excluding freight charges and
excise taxes. Included in shipments are the value of all products
sold, transferred to other plants of the same company, or
shipped on consignment.
Shipments also include receipts of establishments in the
industry for contract work performed for others, resales, re-
ceipts for miscellaneous activities such as the sale of scrap and
refuse; value of installation and repair work performed by
employees of the plant; and value of research and development
performed at the plant. In the aircraft industry and ship-


building, the value of work done in a given year varies consider-
ably from the value of shipments because of the long lead time
between the input of the materials and labor and the shipments
of the completed aircraft or ship. In the annual survey, there-
fore, the value of work done during the year is requested rather
than the value of shipments.
The value of shipments figures developed from the ASM con-
tain duplication at the all manufacturing and industry group
levels since the products of some industries are used as materials
by other industries within the industry group. With the excep-
tion of motor vehicles, it is not significant at the 4-digit SIC
group level. Since the M3-1 industry categories typically are
groupings of industries, this duplication is significant for the all
manufacturing, durable goods and nondurable goods categories
and the various market groups. The significance of the duplica-
tion within the specific M3-1 industry groups varies depending
on the 4-digit industry composition of these groups. It is most
pronounced in a few highly integrated industry areas such as
primary metals and motor vehicles and parts.
Since most monthly reports are for the entire company or
major divisions rather than establishments, the companies are
requested to report net sales, i.e., total company billings after
discounts and allowances. Companies which file divisional
reports are requested to treat transfers from one division of the
company to another as if they were net sales to outside cus-
tomers. Although this definition of shipments in the monthly
reports differs from that used in the annual establishment re-
ports, it is assumed that the month-to-month changes in com-
pany sales in the industry are representative of the month-to-
month shipments of the establishments in the industry.


Inventories-End-of-month inventories in the monthly survey
are identical in definition to the end-of-year inventories in the
ASM. In the ASM, respondents are asked to report inventories
of individual establishments at approximate current cost if
feasible; otherwise, "at book values." Since different methods
of inventory valuation are used (LIFO, FIFO, etc.), the defini-
tion of the aggregate inventories for establishments in an indus-
try is not precise. The figures on the change in inventories from
one period to the next are of greater significance than the actual
aggregates.
Inventories are reported by stage of fabrication: (a) finished
goods; (b) work in process; and (c) materials, supplies, fuel, and
other inventories. In using inventories by stage of fabrication at
the all manufacturing and 2-digit industry levels as well as for
the durable and nondurable goods sectors, it should be noted
that a finished product of one industry may be a raw material
for another industry at the next stage of fabrication. Insofar as
the durable and nondurable goods sectors and also the 2-digit
industry groups contain industries with successive stages of
processing, the same type of commodity may be included under
different inventory categories in the aggregate statistics.


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






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


UNIVERSITY OF FLORIDA

3 1262 08589 5059
Ut %UMItt ICIVI "a
First Class Mail
U.M-202 MAIL
COM-202


change documents which increase or decrease the sales value of
the unfilled orders to which they relate. Orders include only
those supported by binding legal documents such as signed con-
tracts, or letter contracts. In case of letter contracts the full
amount of the sales value is included if the parties are in sub-
stantial agreement on the amount; otherwise, only the funds
specifically authorized to be expended are included. The re-
spondent is instructed to deduct the sales value of partial or
complete cancellation of existing orders.
Unfilled orders include orders as defined above that have not
yet passed through the sales account. Generally, unfilled orders
at the end of the reporting period are equal to unfilled orders at


the beginning of the period plus net new orders received less net
sales.
While both new orders and unfilled orders are used in review-
ing individual company reports for consistency, only unfilled
orders are estimated directly in the tabulated totals. New orders
are derived from the shipments plus net change in unfilled
orders for each industry category. This procedure is followed
for seasonally adjusted data as well as for the unadjusted data.
Shipments and unfilled orders are seasonally adjusted inde-
pendently. Seasonally adjusted new orders are derived from
seasonally adjusted shipments and seasonally adjusted unfilled
orders.