Current industrial reports

MISSING IMAGE

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:
AA00008477:00211

Related Items

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

Full Text
C r r /v [ Z)


' ( ft / -


CURRENT INDUSTRIAL REPORTS


U.S. Department of Commerce
BUREAU OF THE CENSUS ___

(All figures in text below are irFi

New orders of manufactured products increased slightly in
May to $129.3 billion or 0.7 percent over the $128.4 billion
recorded in April, the Department of Commerce, Bureau of
the Census reported today. This rate of increase has been
steadily declining since the 4.1 percent surge reported in Feb-
ruary of this year. Shipments of manufactured products showed
a decline of $0.7 billion or 0.5 percent to $124.1 billion in
May. New orders exceeded shipments resulting in a rise in the
order backlog of $5.2 billion or 2.5 percent to $2143 billion.
This is the largest relative increase in the order backlog since
August 1974. Over the last 12 months the order backlog has
shown an average monthly increase of 1.1 percent.
Although new orders for durable goods in May held to the
April level of $70.0 billion, significant increases were reported
by the blast furnaces and steel mills industries ($05 billion or
9.3 percent to $5.8 billion) and by the nonelectrical machinery
industry ($0.4 billion or 3.5 percent to $11.9 billion). The off-
setting decreases occurred in fabricated metal products ($0.8
billion or 8.7 percent decline to $8.0 billion) and in electrical
machinery ($0.3 billion or 2.9 percent to $8.4 billion). The
decrease in fabricated metal products followed a $1.0 billion
or 12 percent increase in April which was mostly attributable
to building and wire products. The increase in new orders in
the steel industry was probably in anticipation of the announced
steel price increase which will become effective in July. In both
1977 and 1976 steel price increases were announced in May
effective in June of each year. New orders increased $0.3
billion or 6.7 percent in May 1977 and $0.7 billion or 17.5
percent in May 1976.
In the supplementary series, the new orders for nondefense
capital goods industries increased by $0.8 billion or 4.3 percent
to $182 billion. The nonelectrical machinery and railroad
equipment industries accounted for two-thirds of the increase.
Decreases in new orders in the household durable goods indus-
tries of $0.4 billion or 7.9 percent to $42 billion were caused
by the radio and television and miscellaneous personal goods
industries.
Shipments of durable goods in May declined in most major
industry groups by $12 billion or 1 8 percent to $65.3 billion.
Exceptions were the lumber and wood products groups and
instruments and related products.


lll rtd current dollars)

In contrast the nondurable goods shipments increased by
$0.5 billion or 0.9 percent to $58.8 billion. This was shared by
all nondurable major industry groups except textile mill prod-
ucts, printing and publishing, and rubber and plastics products.
The unfilled orders level of durable goods increased to $204.6
billion, up $4.7 billion or 2.3 percent from the $200.0 billion
April figure. Again, all major durable goods industries showed
increases, most significant being the blast furnaces and steel mill
products rise of $09 billion or 6.4 percent to $15.0 billion.
This increase reflects the sizable new orders reported for the
industry.
Inventories of manufactured products for May repeated the
1.0 percent increase recorded in April, rising by $1 8 billion to
$187.5 billion. The durable goods industries accounted for
$1.5 billion of that increase in climbing to a $121.4 billion
level. This increase was also reflected in the supplementary
series on nondefense capital goods which increased by $0.8
billion or 18 percent to $43.5 billion.
Nondurable goods industries increased at a lesser rate of
0.4 percent to $66.1 billion. Increases in the food and paper
industries were substantially offset by a decrease of $0.3
billion or 4.8 percent in the petroleum and coal industry.
With the exception of a slight decline in December 1977,
inventories of manufactured products have been increasing
steadily since October 1975, at an average monthly rate of
0.6 percent. However, shipments have been increasing for
that same period of time at an average monthly rate of 1.0
percent, resulting in a long term decline of the inventory
to shipments ratio. In April the ratio reached an all time low
of 1.49 and increased to 1.51 in May.
SCHEDULE 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 June
is scheduled for release on July 25, 1978 and the full report
is scheduled for release on August 2, 1978.


The results of the 1977 Inventory Valuation Survey were published in the April Manufacturers' Shipments, Inventories, and
Orders report released on May 31 and are also included in the appendix of this report. This supplemental survey provides infor-
mation on the percent distribution of the various inventory valuation methods used by reporting companies from 1975 1977.


Address inquiries concerning these figures to U.S. Department of Commerce, Bureau of the Census, Industry Division, Washington, D.C. 20233, or call
Ruth Runyan or Kathleen Swindell, (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.


manufacturers' Shipments,

N-nventories, and Orders



:g= MAY 1978
M3-1(78)-5
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Table 6.--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

3 months 12 months
Item and industry group April- March- Feb.- Average Average
May- April- March- Feb.- January- Dec. 1977- May 1977- rise decline
1978 1978 1978 May 1978 April 1978 March 1978 May 1978



Shipments:
All manufacturing industries.......... -0.5 +2.9 +1.8 +1.4 +3.0 +1.0 +1.0 +1.5 -1.2

Durable goods industries, total......... -1.8 +3.2 +2.2 +1.2 +3.5 +1.3 +1.1 +1.8 -1.9
Nondurable goods industries, total...... +0.9 +2.5 +1.4 +1.6 +2.3 +0.6 +1.0 +1.7 -0.7

Total inventories:
All manufacturing industries........... +1.0 +1.0 +0.8 +0.9 +0.9 +0.8 +0.5 +1.0 -0.3

New orders:
All manufacturing industries........... +0.7 +1.9 +2.7 +1.8 +2.9 +1.1 +1.3 +2.0 -1.4
Durable goods industries, total......... -0.1 +1.5 +3.5 41.6 +3.4 +1.5 +1.5 +2.9 -2.1
Nondurable goods industries, total...... +1.6 +2.5 +1.7 41.9 +2.3 +0.6 +1.1 +1.8 -0.8

Unfilled orders:
Durable goods industries, total......... +2.3 +1.8 +2.4 +2.2 +2.0 +2.0 +1.4 +1.6 -0.9












Table 7.--RATIO OF MANUFACTURERS' INVENTORIES TO SHIPMENTS AND UNFILLED ORDERS TO SHIPMENTS, BY INDUSTRY GROUP

(Based on seasonally adjusted data)

Unfilled orders--shipments ratio1
Inventories--shipments ratio bcog
(months' backlog)
Industry group
May April March Feb. May April March Feb.
1978P 1978r 1978 1978 1978P 1978r 1978 1978


All manufacturing industries, total ..................... 1.51 1.49 1.52 1.53 3.33 3.18 3.23 3.22

Durable goods industries, total .............................. 1.86 1.80 1.84 1.86 3.95 3.77 3.83 3.82

Stone, clay, and glass products................. .......... 1.27 1.24 1.34 1.35 0.91 0.89 0.92 0.91
Primary metals........................................... 1.77 1.72 1.81 1.79 2.34 2.17 2.24 2.08
Fabricated metals.......................................... 2.04 1.98 1.98 2.01 3.58 3.47 3.43 3.57
Machinery, except electrical.............................. 2.52 2.44 2.50 2.50 4.89 4.70 4.86 4.92
Electrical machinery ...................................... 2.07 1.99 2.01 2.04 3.59 3.45 3.45 3.52
Transportation equipment................................. 1.43 1.37 1.41 1.44 8.50 8.05 8.26 8.23
Instruments and related products.......................... 2.38 2.38 2.31 2.44 1.72 1.70 1.63 1.69


Nondurable goods industries, total ........................... 1.12 1.13 1.15 1.16 0.77 0.72 0.74 0.74

Food and kindred products................................. 0.90 0.90 0.90 0.90 (X) (X) (X) (X)
Tobacco products......................................... 3.73 3.73 3.79 4.07 (X) (X) (X) (X)
Textile mill products ...................................... 1.46 1.36 1.56 1.52 (NA) (NA) (NA) (NA)
Paper and allied products................................. 1.21 1.20 1.20 1.23 (NA) (NA) (NA) (NA)
Chemicals and allied products............................. 1.35 1.38 1.39 1.40 (X) (X) (X) (X)
Petroleum and coal products............................... 0.63 0.68 0.69 0.75 (X) (X) (X) (X)
Rubber and plastics products, n.e.c....................... 1.39 1.34 1.36 1.37 (X) (X) (X) (X)

(NA) Not available. PPreliminary. rRevised. (X) Not applicable.
'Excludes the following industries with no unfilled orders: Wood and lumber products; glass containers; metal cans, barrels and drums;
farm machinery and equipment; motor vehicle assembly operation; other transportation equipment; foods and related products; tobacco;
apparel and related products; building paper; die-cut paper and board; chemicals; petroleum and coal products; and rubber plastics
products, n.e.c.







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
definitions previously employed.


DESCRIPTION OF SURVEY

The Manufacturers' Shipments, Inventories, and Orders Survey
(M3-1) provides monthly figures that are comparable to the
annual totals published each year in the Annual Survey of
Manufactures (ASM). The ASM is a probability sample of
approximately 70,000 manufacturing establishments drawn
from the most recent 5-year census universe of about 312,000
establishments. In the ASM, each manufacturing establishment
provides data on employment, payrolls, shipments, cost of
materials, capital expenditures, and inventories as well as other
selected items. Until 1976, the ASM did not compile inform-
ation 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 Classifi-
cation (SIC) system and area data for industry groups.
The estimates presented in the M3 report are based on a
sample panel of approximately 5,000 reporting units, consisting
of virtually all manufacturing companies with 1,000 or more
employees and additional medium-sized companies that
strengthen the sample coverage in individual industry cells. The
reporting unit for many medium- or single-line companies
comprises all operations of the company. Many of the larger
diversified companies file separate divisional reports for their
operations in different industries, although this divisional
reporting is not followed by all large companies.
Each reporting unit in the monthly panel is classified into
one of 79 industry classifications for tabulation. Many of the
reporting units included mixed industry activity even within the
broad industry categories of the monthly survey. However, the
survey estimating procedure assumes that the month-to-month
changes of the reporting units classified in each industry
category effectively represent the month-to-month movements
of the establishments in the SIC industries which make up the
category. This ratio estimating procedure is used for all items
compiled in the survey except for new orders which is discussed
separately below.
The M3 series is periodically benchmarked to the ASM for
shipments and inventories. The most recent benchmark was for
1974 through 1976 and issued in the report M3-1.7 released in
March 1978. In the absence of benchmark data for unfilled
orders, levels were set in August 1962 based upon the ratio of
unfilled orders to sales for companies reporting in the M3. These
levels were reset as of December 1973 in the M3-1.6 benchmark
publication released in December 1976.
The M3 data are subject to some limitations primarily
resulting from the relatively small sample used to develop the
estimates and the use of divisional and company reports to
extrapolate establishment based data. Precise measurement of
these limitations based on estimates of the sampling errors is
not available. In addition to the general limitations of M3 survey
data, the estimated levels of unfilled orders are subject to
further limitations due to the assumptions made in developing
these levels, the definition of unfilled orders, and response
difficulties. These limitations are discussed in greater detail on


pages i-iv in the introductory chapter of the latest benchmark
publication mentioned above. Generally, the limitations to the
unfilled orders data primarily apply to the absolute level of
unfilled orders and, to a much lesser extent, to the month-to-
month change in unfilled orders. Since this month-to-month
change in unfilled orders is used to develop the monthly
estimates of new orders, the estimates of new orders are subject
to fewer limitations than the unfilled orders estimates.
To remedy the deficiencies of the presently published levels
of unfilled orders, an independent benchmark survey of unfilled
orders was initiated in 1977. Results from this survey should be
available in the latter part of 1978.


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 other, resales, receipts
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 ship building industry the value of work done
in a given year varies considerably 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 ship. In the
annual survey, therefore, the value of work done during the year
is requested rather than the value of shipments. Value of work
done is also reported by aircraft and missile producers working
on cost-plus contracts.
The value of shipments figures developed from the ASM
contain 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
exception 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 all the
manufacturing, durable goods and nondurable goods categories
and the various market groups. The significance of the dupli-
cation 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 the division of the
company to another as if they were net sales to outside
customers. Although this definition of shipments in the
monthly reports differs from that used in the annual establish-
ment reports, it is assumed that the month-to-month changes in
company sales in the industry are representative of the
month-to-month shipments of the establishments in the indus-
try.







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
definition of the aggregate inventories for establishments in an
industry 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 and Unfilled Orders-The unfilled orders shown
in this publication represent the net sales value of goods on
order which have not been shipped. They are net of cancell-
ations and include all adjustments resulting from contract


13
change documents. Only those orders supported by binding
legal documents such as signed contracts or letter contracts are
included. Some large defense contracts are authorized and
funded in several stages. Only the funded portion of such
contracts are included in these figures.
New orders are not calculated according to the standard ratio
estimate procedure, even though they are collected as a separate
item. The reason for this is that not all companies report new
orders, and some that do limit their reporting to specific
products for which long lead times are required in the
production cycle. These companies, in effect, exclude new
orders received for products that are shipped from inventory.
To take advantage of the higher response rate for shipments
data and to include orders filled from inventory, new orders are
computed by adding the change in the backlog of unfilled
orders to the current month's shipments. Thus, the estimate of
new orders includes orders that are received and filled in the
same month as well as orders that have not yet been filled. The
estimate also includes the effects of cancellations and modifica-
tions of previously existing contracts.
Seasonally adjusted new orders are similarly derived from the
monthly change in the seasonally adjusted backlog of unfilled
orders and seasonally adjusted shipments. Many nondurable
goods industries and some durable goods industries have no
backlog of unfilled orders. Shipments are used as the estimate of
new orders in these industries.










Appendix



1977 INVENTORY VALUATION SURVEY


The Bureau of the Census has completed the 1977 Inventory
Valuation Survey. This survey provides information on the
percent distribution of the various inventory valuation methods
used by responding companies for their 1975-1977 end-of-year
inventories reported in this survey. The Inventory Valuation
Survey was first conducted in 1975, covering valuation methods
used in 1974 and 1973; however, the results of the first col-
lection effort were poor and consequently have not been pub-
lished. The survey has subsequently been conducted on an
annual basis and the results of the 1975-1977 surveys are shown
in Table A. The percentages for 1975 and 1976 are revised
from those previously ptuiished in the February 1978 report to
reflect revisions receive 3m respondent companies. In ad-
dition, figures are shown separately for several industries that
were not previously published.

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

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


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

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


These percentage distribution estimates may differ from the
distribution of valuation methods used for public financial re-
porting or income tax purposes. This is because the reported
monthly inventory values are generally based on internal
accounting records. For example, a company may use LIFO
for external reporting purposes and FIFO for internal account-
ing purposes and for reporting in this survey. In such instances,,
respondents were specifically instructed to report the valuation
method used for the figure, reported to the Bureau of the
Census, in this example, FIFO. In addition, these percentages
are believed to differ from the distribution of accounting
methods used for inventories as reported in the Annual Survey
of Manufactures (ASM), which is the benchmark on which
these inventory aggregates are based. A similar inquiry was
included as part of the ASM for 1975 and 1976 and the 1977
Census of Manufactures. A similar set of tables for those surveys
are forthcoming.






15
Table A. PERCENTAGE DISTRIBUTION OF INVENTORY VALUATION METHODS USED IN THE MANUFACTURERS' SHIPMENTS, INVENTORIES, AND ORDERS SURVEY, BY INDUSTRY GROUP:
1977, 1976, AND 1975

Method of inventory valuation

SIC Industry FIFO LIFO Average cost Actual cost Standard cost Market and other

1977 1976 1975 1977 1976 1975 1977 1976 1975 1977 1976 1975 1977 1976 1975 1977 1976 1975

All manufacturing industries, total...... 26 27 30 30 32 30 16 17 17 5 5 6 18 16 14 5 3 3

Durable goods industries, total.............. 27 26 30 30 30 30 15 16 17 6 7 7 18 18 14 4 3 3

Nondurable goods industries, total........... 24 28 31 32 34 32 18 19 17 4 3 4 18 12 13 4 4 3

Durable goods industries:
32 Stone, clay, and glass products............ 21 21 24 27 32 35 16 18 19 3 1 (Z) 31 27 22 1 2 (Z)
322 Glass containers......................... 18 13 15 50 54 49 16 17 19 1 (Z) (Z) 15 16 17 (Z) (Z) (Z)

33 Primary metals, total...................... 11 10 11 35 41 44 13 9 13 1 1 1 (D) (D) (D) (D) (D) (D)
331 Blast furnaces, steel mills.............. 5 3 4 28 34 29 9 9 15 1 2 (Z) (D) (D) (D) (D) (D) (D)
333-6,9 Nonferrous and other primary metals...... 19 18 18 47 56 69 15 6 8 (Z) (Z) 18 20 5 (Z) I (Z)

34 Fabricated metal prod., total............. 32 32 35 33 34 38 7 7 6 6 7 8 20 19 13 2 1 1
341 Metal cans,'-barrels, and drums........... 14 20 23 60 62 62 7 3 1 (Z) 19 15 14 -

35 Machinery, except electrical, total........ 27 28 30 35 33 34 15 17 19 4 3 3 16 19 14 3 (Z) 1
351 Engines and turbines..................... 12 17 19 76 67 69 5 5 3 (Z) (Z) (Z) 6 10 8 (Z) 1
352 Farm machinery and equipment............. 34 22 19 33 30 33 21 33 36 (2) (Z) (Z) 12 14 12 (Z)
353 Construction, mining, and material
handling equipment......... ............. 36 40 35 38 32 36 16 13 18 1 1 1 9 14 9 (Z) (Z) 1
354 Metalworking machinery................... 25 27 34 39 28 27 10 9 4 7 9 11 17 26 21 2 (Z) 2
356 General industrial machinery............. 31 38 30 25 25 29 6 6 4 21 6 6 17 25 32 (Z) (Z)

36 Electrical machinery, total................ 35 34 41 30 33 34 6 7 5 8 7 8 18 18 11 3 1 1
361,2 Electrical transmission and distribution
equipment and industrial apparatus...... 18 17 27 48 52 55 (Z) (Z) (Z) 2 2 3 29 29 15 3 (Z) (Z)
363 Household appliances..................... 24 25 29 57 55 60 5 5 (Z) (Z) 2 (Z) 13 12 10 1 1
365 Radio and TV............................. 57 45 40 32 43 44 3 (Z) (Z) (Z) 2 5 9 6 7 6
366 Communication equipment.................. 49 48 53 12 14 15 12 14 10 20 18 16 3 5 5 4 1 (Z)
367 Electronic components.................... 27 25 46 31 29 16 12 12 8 5 4 9 25 29 19 (Z) 1 2

37 Transportation equipment, total............ 26 25 29 20 17 6 24 28 36 13 18 20 (D) (D) (D) (D) (D) (D)
371 Motor vehicles and parts................. (D) (D) 70 (D) (D) 2 7 10 20 4 5 5 3 3 2 (Z) (Z) (Z)
372,6 Aircraft, missiles, and parts............ (D) (D) 4 (D) (D) 6 48 43 50 25 28 29 (D) (D) (D) (D) (D) (D)
373195 Shipbuilding and military tank vehicles.. 5 8 7 6 8 12 62 54 33 17 26 41 (D) (D) (D) (D) (D) (D)

38 Instruments and related products, total.... 28 29 39 22 21 24 23 22 6 2 2 5 24 26 24 1 (Z) 1
381-4 Scientific and engineering............... 25 23 33 27 26 26 14 14 1 3 2 7 30 35 32 1 (Z) 1
386 Photographic goods....................... 34 38 45 11 12 22 52 49 18 1 (Z) 2 2 1 12 (Z) (Z) 1
24
25 All other durable goods industries....... 32 36 37 29 28 28 22 21 21 5 3 3 11 8 9 1 3 2
39

Nondurable goods industries:

20 Food and kindred products, total........... 30 34 31 16 20 31 27 26 17 6 4 4 9 5 13 '12 'll 3
201 Meat products............................ 50 55 65 11 9 5 5 2 2 10 4 11 10 7 6 114 '23 '12
208 Beverages................................ 36 41 24 23 31 25 21 12 16 12 10 28 6 4 7 2 2 1
207 Fats and oils............................ 12 12 15 5 18 13 29 24 22 5 1 1 2 2 2 '48 143 148
203-6,9 All other foods.......................... 27 32 39 18 22 21 31 32 28 3 2 2 12 5 4 9 7 6

21 Tobacco products........................... 1 1 5 37 40 44 54 53 44 5 2 6 1 3 2 2 1

22 Textile mill products...................... 21 29 31 31 29 29 12 16 13 9 2 3 24 21 24 3 2 2

26 Paper and allied products, total........... 19 29 34 41 36 26 16 15 22 3 4 3 20 15 15 1 1 1
261-3 Pulp, paper, etc......................... 13 13 19 34 33 27 26 26 31 3 6 4 23 20 18 (Z) I (Z)
265 Paperboard containers.................... 31 20 33 44 51 28 12 13 26 4 4 3 9 12 10 (Z) (Z) (Z)
264 All other paper containers............... 17 58 52 46 23 22 8 4 8 2 1 2 27 13 15 (Z) 1 1

28 Chemicals and allied products, total....... 20 26 28 38 43 40 9 13 8 3 1 (Z) 30 16 23 (Z) 1 1
281,6 Industrial chemicals, except pigments.... 6 10 5 57 66 73 10 13 6 1 (Z) (Z) 25 9 14 1 2 1
283,4 Drugs, soap, and toiletries.............. 39 51 52 12 19 20 8 9 11 3 3 (Z) 38 18 17 (Z) (Z) (Z)

29 Petroleum and coal products................ 12 8 8 64 64 61 20 24 27 (Z) 1 1 2 2 3 2 1 (Z)

30 Rubber and plastics products, n.e.c........ 28 34 29 38 42 49 11 10 10 5 3 5 18 12 7 (Z) (Z)

23
27 All other nondurable goods industries...... 38 42 51 17 21 17 12 9 6 6 4 4 21 21 20 6 2 2
31

Represents zero. (D) These figures are withheld to avoid disclosing figures for individual companies. N.e.c. Not elsewhere classified. (Z) Less
than 0.5 percent.
IThese percentages entirely reflect usage of market valuation methods rather than other cost methods.




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


UNIVERSITY OF FLORIDA

3 1262 08589 5026

PERMIT No. G-58


Official Business