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:
AA00008477:00212

Related Items

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

Full Text
C- -i^ 7y 15V


# 4 1.. o,




U.S. Department of Commerce
BUREAU OF THE CENSUS


|(AII figures in text below are in seasonally adjusted currentIMTars)I
New orders fo; manufactured products in July declined by
$4.9 billion or 3.8 percent to $122.7 billion, the Department
of Commerce, Bureau of the Census reported today. New Orders
for durable goods fell $4.4 billion or 6.4 percent to $64.4 bil-
lion, with most of the decline occurring in the transportation
equipment industries ($3.1 billion or 17.4 percent to $14.8
billion). Excluding the transportation industries, new orders
for all manufactured industries declined by $1.8 billion or 1.6
percent. New orders for nondurable goods industries decreased
$0.5 billion or 0.8 percent to $58.2 billion.
Although this was the second month in a row new orders for
all manufactured products declined, there has been a deceler-
ation since early this year. Since February the month-to-month
changes were February +3.9 percent; March +2.7 percent; April
+1.9 percent; May +0.2 percent; and June -0.7 percent.
In the transportation industries the main contributor to the
$3.1 billion decline in new orders was a $2.4 billion or 43 per-
cent drop in the aircraft and parts industries, with both the
defense and nondefense portions of that industry declining
approximately the same amount. The aircraft decline followed
an $0.8 billion new order increase in June. The defense portion
of this and other series included in this report were subject to
special seasonal adjustment procedures starting in July 1977.
Modified seasonal adjustment factors were used to account
for the change in the Federal Government's fiscal year from a
July 1 through June 30 basis to an October 1 through Septem-
ber 30 basis. These factors were introduced in the July 1977
data and will continue to be used until a sufficient amount of
data are available to assess the impact of the change in fiscal
year. In addition, during July, August, and September motor
vehicle assembly plants are closed down to allow for retooling
for the forthcoming model year. Year-to-year variations in
both the timing and duration of the model changeover period
are sufficiently great that the normal seasonal adjustment pro-
cedures do not adequately identify the seasonality during the
period and may introduce substantial erratic movements. To
compensate for this, the estimated seasonally adjusted quarter-
ly average is used for the seasonally adjusted data in each of the
three months. The unadjusted data are not subject to any special
adjustments.
Excluding transportation, durable goods new orders declined
$1.3 billion or 2.5 percent to $49.6 billion. Electrical machin-
ery decreased $0.4 billion or 4.9 percent to $7.8 billion, with
the household appliances including radio and TV and communi-
cation equipment categories causing the drop. Other major con-
tributors to the new order decline were primary metals, $0.3


Inventories, and Orders



JULY 1978
M3-1 (78)-7
For Release 2:30 P.M., Wednesday, August 30, 1978


billion or 3.1 percent to $10.1 billion; and fabricated metal
products, $0.3 billion or 3.8 percent to $7.4 billion.
Reflecting the decreases in the transportation equipment and
machinery industries, new orders for the nondefense capital
goods industries decreased by $1.5 billion or 8.0 percent to
$16.7 billion. New orders for the defense capital goods were
$2.3 billion, $1.1 billion or 32 percent below the June level.
Shipments of all manufactured products declined by $1.8
billion or 1.4 percent to $123.0 billion. Durable goods fell by
$1.4 billion or 2.2 percent to $64.8 billion. The transportation
industries declined by $0.7 billion or 4.1 percent to $15.2
billion; the fabricated metals products by $0.4 billion or 4.7
percent to $7.5 billion; and electrical machinery by $0.2 billion
or 2.9 percent to $7.9 billion. Shipments of nondurable goods
industries fell $0.4 billion to $58.2 billion with decreases in the
chemical industries of $0.3 billion or 2.7 percent to $10.4
billion, the food and kindred products industries, $0.1 billion
or 0.7 percent to $17.7 billion, and the tobacco manufacturers,
$0.1 billion or 13.8 percent to $0.8 billion.
Unfilled orders for durable goods also showed a decline for
July, $0.4 billion or 0.2 percent to $206.7 billion. The trans-
portation equipment industries registered a $0.4 billion or 0.6
percent decline to $69.6 billion with a majority of this in the
shipbuilding and military tank vehicle industries which reported
a $0.4 billion or 3.6 percent decrease to $9.6 billion. The July
decline in durable goods unfilled orders was the first decline in
this series since July 1977.
Inventories held by manufacturers rose $1.4 billion or 0.7
percent to $190.9 billion, slightly !ess than the 0.9 percent
average rate of increase since January of this year. Over three-
fourths of the total inventory increase was reflected in the $1.1
billion or 0.9 percent increase in the inventories held by durable
goods producers. Increases were evidenced in most major in-
dustry categories with the largest increases in inventories held
by producers of transportation equipment increasing $0.3 bil-
lion or 1.4 percent to $23.1 billion and those held by producers
of fabricated metal products increasing $0.2 billion or 1.2 per-
cent to $16.3 billion. Inventories held by producers of nondur-
able goods increased $0.2 billion or 0.3 percent to $67.1 billion.
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 August is
scheduled for release on September 22, 1978 and the full report
is scheduled for release on October 3, 1978.


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


CURRENT INDUSTRIAL REPORTS



















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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 June- May- April- Averae Avera
July June May April- March- February- Juy 17 re decline
1978 1978 1978 July June May July rise decline
1978 1978 1978 July 1978


Shipments:
All manufacturing industries........... -1.4 +1.0 -0.8 -0.4 +1.0 +1.3 +1.0 +1.5 -1.2

Durable goods industries, total......... -2.2 +1.3 -1.6 -0.8 +1.0 +1.3 +1.1 +1.8 -1.9
Nondurable goods industries, total...... -0.6 +0.7 +0.2 +0.1 +1.1 +1.3 +0.9 +1.7 -0.7

Total inventories:
All manufacturing industries......... +0.7 +1.0 +1.1 +0.9 +1.0 +1.0 +0.6 +1.0 -0.3

New orders:
All manufacturing industries.......... -3.8 -0.7 +0.2 -1.4 +0.5 +1.6 +1.0 +2.0 -1.4
Durable goods industries, total......... -6.4 -1.7 +0.0 -2.7 -0.1 +1.7 +1.2 +2.9 -2.1
Nondurable goods industries, total...... -0.8 +0.6 +0.5 +0.1 +1.2 +1.5 +0.9 +1.8 -0.8

Unfilled orders:
Durable goods industries, total......... -0.2 +1.2 +2.3 +1.1 +1.8 +2.2 +1.5 +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 ratio'
Inventories--shipments ratio (months' backlog)
(months' backlog)
Industry group
July June May April July June May April
1978P 1978r 1978r 1978r 1978P 1978r 1978r 1978r

All manufacturing industries, total3.................... 1.55 1.52 1.52 1.49 3.33 3.29 3.28 3.18

Durable goods industries, total............................. 1.91 1.85 1.86 1.80 3.97 3.90 3.94 3.77

Stone, clay, and glass products........................... 1.26 1.23 1.23 1.24 0.84 0.85 0.86 0.89
Primary metals ............................................ 1.74 1.75 1.77 1.72 2.34 2.34 2.33 2.17
Fabricated metals ........................................ 2.17 2.04 2.03 1.98 3.67 3.52 3.55 3.47
Machinery, except electrical............................. 2.51 2.52 2.55 2.44 4.72 4.78 4.91 4.70
Electrical machinery..................................... 2.12 2.04 2.07 1.99 3.59 3.49 3.59 3.45
Transportation equipment................................... 1.52 1.43 1.42 1.37 9.03 8.60 8.54 8.05
Instruments and related products.......................... 2.40 2.32 2.36 2.38 1.80 1.68 1.72 1.70


Nondurable goods industries, total ......................... 1.15 1.14 1.14 1.13 0.75 0.76 0.72 0.72

Food and kindred products................................. 0.92 0.93 0.91 0.91 (X) (X) (X) (X)
Tobacco products......................................... 4.09 3.65 4.24 3.73 (X) (X) (X) (X)
Textile mill products ..................................... 1.49 1.52 1.47 1.36 (NA) (NA) (NA) (NA)
Paper and allied products................................. 1.22 1.22 1.21 1.20 (NA) (NA) (NA) (NA)
Chemicals and allied products3............................ 1.44 1.39 1.42 1.40 (X) (X) (X) (X)
Petroleum and coal products........... ................................. 0.64 0.63 0.63 0.68 (X) (X) (X) (X)
Rubber and plastics products, n.e.c....................... 1.36 1.38 1.39 1.34 (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 and plastics
products, n.e.c. 3See footnote 3 on Table 2.





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


UNIVERSITY OF FLORIDA

3 1262 08589 5208
ru~ aut & I-tibS PAID
CENSUS
PERMIT No. G-58


Official Business