Current industrial reports

FOR RE


*LEASE:


May 3,


1968


SERIES: M3-1


The changes she
>t tah 2., "Value o
stories, and Orders,
and allied products,


own in this
f Manufactu
by Industry
total."


report should be made
rers' Shipments, Inven-
Group," for "Chemicals


These
ucts" a
ments
unfilled
facturin
"Other
ucts,"
groups
as part
facture]
to the 1I


;e net revisions to "Chemicals and allied prod-
ffect the following higher level totals for ship-
and new orders: nondurable goods without
orders; total nondurable goods; all manu-
ig industries in table 1, and the market category,
materials and supplies and intermediate prod-
in table 2. Revised figures for all industry
for the period 1961 to 1968 will appear later
of the rebenchmarking of the monthly Manu-
rs' Shipments, Inventories, and Orders Survey
966 Annual Survey of Manufactures.


-' *E- ~- -r ;~. *s











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UNIVERSITY OF FLORIDA

3 21 20111111158 3 II III7llii 41tl
3 1262 08589 3674


I


I _

























New orders for manufactured products of $49.3
billion in May increased $1 billion from the April
level and equalled the record high established in
December 1967, after seasonal adjustment, the
Bureau of the Census, U.S. Department of Com-
merce, announced today.

New orders for durable goods at $25.6 billion
increased from $25.2 billion in April. Substantial
increases in new orders for the automotive in-
dustry (orders are equal to shipments in the
automotive assembly industry), machinery and
equipment, and the primary metals industries
were accompanied by smaller increases in most
of the other major durable goods industries. The
notable exception was the decrease in commercial
arcraft orders following their unusually high
letels of the prior two months,

Manuitucmrers' shipments in May Increased to
a record $49.3 billion compared to $47,7 billion
yApril. Total inventories held by manufactures
on May 31 also increased to $84.3 billion from
$84,0 billion at the end of April. With shipments
increasing $1.6 billion and inventories increasing
oly $300 million, the inventories-shipments ratio
showed a decline from 1,76 in April to 1.71 in
May.


The increase in shipments of durable goods
to $25,5 billion from the April level of $24.6
billion was primarily attributable to the large
increases in the automotive and steel industries.
Nondurable goods producers reported their third
consecutive increase in shipments for May at
$23.8 billion compared with $23.1 billion in April.


Inventories of durable goods increased slightly
from $54.8 billion in April to $54.9 billion in
May with major industry groups showing a
mixed pattern of minor increases or decreases.
Total inventories of nondurable manufacturers
also showed a fractional increase to $29.3 billion
from the end of April total of $29.2billion,.


Unfilled orders for all manufacturing at $84.0
billion showed virtually no change from the April
backlog of $84.1 billion. However, exclusive of
transportation equipment, unfilled orders declined
$300 million. The unfilled orders-shipment.
ratio for durable goods decreased from 3,66 in
April to 3.58 in May as a result of the sizeable
increase in shipments and relatively unchanged
backlog.


4
~Th


Inquiries concerning these figures should be addressed to
the U.S. Department of Commerce, Bureau of the Census,
Industry Division, Washington, D.C. 20233.









- Table


1.--VALUE OF MANUFACTURERS' SHIPMENTS
(Millions


, INVENTORIES, AND ORDERS,


Br INDUSTRY GROUP


of dollars)


Without seasonal Witbout seasonal
/W seaonaSeasonally adjusted ltu1 Seasonally adjusted adjustment
S o l d adjustment adjustment

/ s"Industry group
SMay April March May April May May April March May April May
1968 1968r 1968 19686 1968 1967 1968p 1968 1968 19 1968 I 1967


All manufacturing
Total..... ....


Total,


flurdl~le


excluding


goods, industries


Stone% I qJJ


and 375


industrieS:

transppr ion.


PrBimary fnats ste ......
Blast furnaces

All other primary


Fabricated


metal products,


Metal cans, barrels,


Machinery,


except


electrical,


total..


total.


Engines and turbines...............
Farm machinery and equipment.......


Construction,
handling equ
Uta+o lrknbin,


General i
Electrical
Electric
equipmer
Household


mining,


and material


lPflEflti. ft. ft ft .,..
~no ,, hi r, am,


industrial mac hinery............


machinery, total
Al transmission a
vt and industrial


nd distribution
apparatus.....


appliances, including


and TV.................................


Communication
Transportation


equipment..............


eqlflpfl2nt,


ibtec hbicles and


Aircraft,
Instruments


missiles,
and relat


All other durab


Nondurable


Food and kindre


le goo

indust
d prod


parts-...- -.-,.,.....
and parts..........

ed products..........
ds industries........

ries, total.........
ucts, total..........


Meat products..........


Tobacco
Textile
Paper a


products.........
mill products....


nd allied


Pulp, paper,


Chemicals and
Industrial
Petroleum and


Rubber


products,


etc......


allied pr
chemicals,


oducts,
except


total......
pigments...


coal products*.....* ....


and plastics


All other nondurable


All manufacturing


Total,


Durable


excluding


product
goods


s, n.e.c......
industries.....


industries:


transportation.....


goods industries,


fmary metals,
Blast furnaces


Fabricated


, steel mills.............


metal products....


except


Engines an
Constructi
handling
MItalworki


General
Electrical


electrical,


total... ....


urbines... ................ ...


mining,


industrial
machinery,


Electrical transmissi
equipment and indust
Household appliances,


and material


ehiunery.f......ft
otal...............
on and distribution
rial apparatus.....
including radio


Coammdtion equimTV...............nt...........
ConEnmiention eaxiiisent...........


Transportation
Aircraft, mid


equipn*nt,


safles,


All other durable


Nondurable g
Industries
TIndustriea


goods industa
with unfill


without


and parts....
Is industries..

'ies, total....
ed orders....


lm iT LV


*tt *t*
.4....
.* ,...

* ft C ft f
0*CC eft


Sbipnents


prtotal s...
pro a^ *


49,348
42,404
25,532
1,023
4,158
2,282
1,876
2,271
265
3,789
280
317

644
258
322
3,440

720

800
843
6,944
4,055
2,486
1,027
2,880

23,816
8,322
1,969
437
1,762
2,154
997
3,577
1,227
1,855
1,293
4,416


48,186
41,647
25,260
1,077
3,876
2,136


49,586


47,742
41,452
24,628
1,066
3,992
2,165
1,827
2,292
246
3,807
343
309

631
248
329
3,422

719

805
805
6,290
3,568
2,309
1,004
2,755

23,114
8,076
1,839
427
1,735
2,074
963


3,747
1,317
1,803
1,307
3,952


49,065
42,308
25,733
1,102
4,278
2,351
1,927
2,334
244
4,089
331
408

704
259
340
3,369

739

700
827


3,647
246
381

674
260
281
3,196

701

672
755


Total inventories


70,214
54.925


New orders Unfilled orders


49,335
42,084
25,583
4,070O
2,373
2,326

3,841


73AA
254

733
239
340
3,274.

739

800
703.
7,251
2,688
4,821

23,752
6,491
37.9fil


1~U uL.uer~...... .5


as,as ~
2,297
3,779
297
631
272
319
3,278

664

755
833
7,186
3,176
4,842

23,101


1 u L


4,070
4,907

22,885
6,210
16.675


48,526
41,421
25,147
3,654
1,911
2,341

3,933
263

745
246
358
3,147

712

722
668
7,105
2,477
4,967

23,379
6,420
16.l959


648
786
7,467
3,169
4,924

23,387
6,464
16,923


22~297
5698
15.599


456
4,503
3 S
37,485
32,453
4,520


12,113


-I.


36,281.

5,614

3,190
3,190
i-


I I


-


80,965
68,664
52,558
1,884
7,323
4,107
3,216
5,424
568
10,434
717
985

1,796
1,043
758
8,032

1,869

2,157
1,702
12,301
3,357
7,485
2,327
4,833
28,407
6,382
616
2,346
3,205
2,354
891
5,332
1,680
1,941
5,4042
5,405


S,405


I


23,339


U......

ft......* *


*


..* .. ftf tf t
* & ft t f *f f


and drums..


radio


goods


p


d t
fon,


totaX


*.


good


"r-- wb4 _j_ *'>_'>&


JJ


till
-


L


-----


-










OF MANUFACTURERS' SHIPMENTS, INVENTORIES,


(Millions


of dollars)


Industry


All manufacturing


uirable


goods


Nondurable
Industry g


industries


deco-s


group


industries,


goods industries,


groups


categories:
Ham goods


0cc mm r


arranged


total..


tota3~,...


total.


by market


and apparel. ........o.


staples...... ..........
Gffiffif cQ


Equipumat sad


defense


products,


except


automotive.. *..,*,, .*........ .......


Mt a tot iy~


equipment.... ... .....o..... .


Construction materials,


Intoned late


Other materisl and
intermediate produ


supplies,


products....o,.............


supplies and
*t .. ....


SuppleSentsa series:
Casuer durable goods


one


product


industries. ,......


industries....** .


~nti.s


totaL.


Machinery and equipment


All nnufaatnribg ii


hnzable goods industries, total............
flodturfble goods inastries, total. ..*..*.


groups


0ategoriSB


alu 1p ant alt


arranged


isket


products, except


fl4*4*444 A 4~* 444*44*4*4
Aatw~0se flqupaunt.~.4 4, 4 4 4 St *4 44*44 4 4


Oonflftt*tiw~ atertalo,


aupplien, and


gt~ man at s~~pUs 01


IntmtSditt


products...................


3n.wp~j~=4~~y at. 2
a~~u~r dtwaM* g~ods ~nd~sttn....i.4.
~0VM0 induct. ~


Seasonally


adjusted


Without


seasonal


adjustnent1


Sbipinnts


49,335.
25,583
23,752


4,648
10010


19,119

1,896
1,WM
4,905


18,922

1,875
3,504
4,898


48,186
25,260
22,926


3,672
19.040


49,586
26,247
23,339


4,186
10,380
6,826
4,850

3,673

19,671


6,946
4,444
3,659

19.622


44,828


17.717


Seasonally


adjusted


Without seasonal
adjustment


Total inventories


84,254
54,925
29,329


8,7T
11,244
21,179
4,750

6,622

31.720


4,442
11,188
13,244


83,956
54,754
29,202


8,639
11,264
21,192
4,703

6,641
31,517

4,361
11,198
13,238


83,219
'41 nI


13,550


84,42?
55,280
29,147


8,811
10,990

21,408
4,738

6,739

31,741


I I I I N
Nov orders ______I______ _______ Unfilled orders
I


48,266
25,165
23,10 i


4,351
10,197



3,582


49,163


4,344
10,186


18,68, I 10,866


43,526
25,14?
n,379

4,191
10,400
6,051
4,743

3,01

10,et

1,193
3,519
4,903


49,510
264123
23,387


44,897
23,600
2lW
21,297


3,718
9,582
6,473


3,210

17,358

1,654
S3,626
S4,594


84,041
80,921
3,113


1816

L 5,376

7,144

29,705

1,336
7,51 *3
18 ,9


84,052
80,876
3,176


1,889




7,136
29,910

1,384
"0M



37,130
18,265


83,529
80,339
3,190


1,944




7,094


1,436
361818


45,017


,718 30.78


1,306
39,155
18,481


>uentm~ap C ~f end


at


a4 ~S1W*S. at at
*te cw~oeitta S


anes


aspd teatd for tn a ag-ay and sender meth vart ati; muniled orders and


aries


it as f4flwst


Ios.e -S-ine


Beries


Machinery and equipment. industries


rise RaStcw rtttn; Utcba at ti flea at potter~; cntler*r baitto ale, ad haflnn; inn eheld
a~tpnaes~ tMt~ g~s, stains, at ticab; aS taelluwoe perseal goods,
Cssiaifla q~ls~)s~ eato alsuft; draft pafla 4d aflneos. (Thus the ~toue irttntr~es


included significant amounts of" ncndefense work in these industries
Sn QSWh 1M flt0i ')


- machinery, except electrical excluding


and ami is defense work per-


farm mahiLner) andi eqtuipent ara macreite snopaj,


electrical machinery (excludLng household appliances, cmuunication equipment and


electronic components ship Duilding and repairung, and ritlrcad axd street


ear equipment.


a earn m Ia.n AND IS tEE mcw CuMin


\Based an seasonally adjusted data)
Month-to-mionLh-1968 Average, 1962-1967 Average monthly rates of change
3 months 6 aoatLs 12 monLhs
[tem an uidue tIry group April- thrch- Feb.- Average Average --- ----
Jay April areh ruse declae Feb.-May Nov. 1967- Iay 1%7-
1968 hMy 1968 hay 1968

Shipments:
All manufacturing induaflries........... .3.4 -0.9 .2.0 +1.6 -1.2 *1.5 *1.3 *0.9
Ltreble good Lndustries, total.......... *3.7 -2.5 +2.5 .2.3 -1.7 *1.2 -1.5 *1.0
Nondurable goods industries, totel....... .3.0 *0.8 +1.5 .1.3 -0.8 *1.8 .1.2 *0.9
Total inventortea:
All giauuracturing industries........... *0.& +0.9 +0.4 *0.6 -0.2 *0.6 *0.5 *0..
leu orders:
AU manufacturir.g industries,*.. 6..... *2.2 -L.8 +3.6 .1.7 -1.4 *1.3 *1.3 -0.8
DuraebLe rnds industries, total......... *1.7 -4.2 +5.8 +3.4 -2.5 *1.1 *1.6 *0.7
Nlondurable good industries, total....... *2.8 *0.9 +1.2 +1.4 -0.9 *1.6 +1.1 *0.9
I]ftlled orders:
rb,'ahl n erardlns In nh rwiu n tnrt.sl ...._... .. J.t 1 ij 1 .1 *a .*' a o jl '7 L f Al O '.


'*


a azd apparel*.........
Saaples......t,*.........




UNIVERSITY OF FLORIDA


I3 n22 085u 3963
3 1262 08589 3963


Table 4.--RATIO OF MANUFACTURERS' INVENTORIES TO SHIPMENTS AND UNFILLED ORDERS TO SHIPMENTS, BY INDUSISTR GROUP


(Based


on seasonally adjusted data)


Inventories shipments ratio iled Cdes shipments ratio
s goo (maths' backlog)
""* Industry group
May April March May May April March May
1968 1968 1968 1%967 1968 1968 1968 1967


All manufacturing industries, total................. 1.71 1.76 1.73 1.80 2.88 2.95 2.90 2.99

Durable goods industries, total...................... 2.15 2.22 2.15 2.26 3.58 3.66 3,54 3.69
Stone, clay, and glass products......................... 1.75 1.67 1.65 2.02 (NA) (NA) (NA) (NA)
Primary metals........................................... 1.81 1.90 1.95 2.17 1.67 1.76 1,87 1.i
Fabricated metals.................... .................. 2.44 2.39 2.21 2.50 3.45 3.36 3.19 3.34
Machinery, except electrical............................ 2.76 2.73 2.65 2.96 3.19 3.16 3.10 3.
Electrical machinery..................................... 2.32 2.31 2.21 2.33 3.47 3.54 3.42 3.65
Transportation equipment................................ 2.02 2.24 2.11 1.91 8.31 8.87 8.18 7.90
Instruments and related products....................... 2.35 2.40 2.33 2.63 (NA) (A) () (El

Nondurable goods industries, total....................... 1.23 1.26 1.26 1.31 0.47 0.50 0.52 0
Food and kindred products............................... 0.82 0.85 0.84 0.87 (X) (Cx (,
Tobacco products........................................ 5.48 5.61 5.27 5.94 (1 (X) (( <
Textile mill products................................... 1.90 1.92 1.95 1.97 (NA) (A) (a (
Paper and allied products.......................,,........ 1.08 1.11 1.11 1.25 () () ( ()
Chemicals and allied products.......................... 1-58 1.56 1.55 1.66 (X) (( 1)
Petroleum and coal products............................ 1.04 1.09 1.08 1.09 (2) (2) 0
Rubber and plastics products, n.e.e..................... 1.14 1.19 1.23 1.27 (X) (0 (X

PPreliminary. (NA) Not available.
"Revised. (X) Not applicable.
LExcludes the following industries with no unfilled order backlogs: Wooden containers; glass containers; metal cans, barrels and ur--s;
motor vehicle assembly operations; foods and related products; tobacco; apparel and related products; chemicals; petroleum and coal prod-
ucts; and rubber and plastics products, n.e.c.




Table 5.--VALUE OF MANUFACTURERS' IVEITORIES, B! STAGE OF FABRICATION, B! INDWIHR GROUP
(Millions of dollars)


Industry


All maJnufacturing


Durable


group


industries


total


goods industries, total...


Stone, clay, and glass products ..........
Primary metals ............................
Machinery electricall and nonelectrical)..
Transportation equipment..................
All other durable goods industries........

Nondurable goods industries, total.........
Chemicals and allied products............
Petroleum and coal products...............
Rubber and plastics products, n.e.c.......
All other nondurable goods industries.....


All nmufacturihng


Durable
Stone,
Primar


Industries,


total..,.


goods industries, total....
elty, and glass products..
%y metals ....................


Machinery (electrical and nonelectrieal)..
Transportation equipwment..................
All other durable goods industries.......

Nondurable gooc: ,r'u*. tr-es LL'tli*.... .......
Chemicals aei tl.- a 'ri.uc:u .. ...
fetroleim aix L i pr:~.c ,"-..... .. .
Rubber and pl. : pr'.J.icLc:, r,..:.. ... .
A. s -* .. .l. _


Seasonally


adjusted


Without seasonal
adjustnant


Total


83,956

54,754
1,775
7,572
18,319
14,071
13,017

29,202
5,550
1,996
1,481
20,175


83,219184,928


54,274
1,773
7,565
18,234
13,813
12,889

28,945
5,492
2,023
1,434
19,996


1,835
7,412
18,914
14,173
13,421

29,173
5,573
1,919
1,417
20,194


84,427

55,280
1,833
7,475
18,683
14,080
13,209

29,147
5,620
1,965
1,503
20,059


80,965

52,558
1,884
7,323
18,466
12,301
12,584

28,407
5,332
1,941
1,442
19,692


Seasonally adjusted


Without seasonal
adjateant


i tern ials and supplies


26,052

15,438
573
2,685
4,664
2,858
4,658

10,614
2,021
347
402
7,844


25,856


15,282 15,012


25,375


25,811

15,402
566

~,03
2,835
4,683

10,479




7>74%~


4554

10,88



.7. 78


II I 9
Work in process ______ ______j
_____________________ .mmmmmm~m.mm..* a


30,091

25,456


30,039

25,512
252
2,624
8,297
9,825
4,514

".,5??
"-36

25t?
-. *.s 5


25,306125,826


30*3021 ~"'~
25,7241 23,960


28,111

14,031
973
2,220
5,403
1,493
3,962

1 ,060
2,787
1,178
812
n '.-b2


28,061

13,980
El
2,282
5,341
1,84
3,912
1,101
2,737
1,195
836
0 'lfl


27,992


93,4
2,303
5,329
1,2673
3,923


28,530


1,002
2,261
5,627
1,498
4,1359


Syxxxxxxx x xxx.' x
28,370


982
2,337
5,530
1,512
4,078


14,X0033i 13,931


EZ II
"
M 1 FI shEBA 1 5


2,323


4,244


~;-~


~1~~~


1,039
2,179
5,4%
1,404
4,005
13,338
2,636
1,.13
1i'


I