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C.4.- W~ktt:i< ..-;. ~47 rOB manufacturers' A.'* I. * n dus tri Shipments, and June Orders 1968 .V.' *' '~ L4~ .~ n,~7~t4. ~. -. .5. f.'k,. . C \ A..'r^* FOR RELEASE: July 30, 1968 RIA New orders of $49.4 billion for manufactured products in June remained virtually unchanged from the May level, after seasonal adjustment, the Bureau of the Census, U.S. Department of Commerce, announced today. New orders for durable goods registered a decline to $24.8 billion from $25.5 billion in May reflecting the decreases in the transportation and primary metals industries which were only partially off- set by the increase in electrical machinery. A rise in new orders for nondurable goods to $24.6 billion from $23.9 billion in May decline in orders for durable goods. nondurable shipments.) goods industries, offset (For most orders equal billion in May was primarily ruutable to in- creases in sales of food, apparel, chemicals, and petroleum products. June shipments of durable goods at $25.4 billion were virtually unchanged from May shipments of $25.5 billion. The increase in shipments of iron and steel products was more than offset by the decrease in trans- portation. Other durable goods industries re- ported minor changes from their May levels. Unfilled orders of $80.3 billion held by durable goods manufacturers at the end of June showed a $600 million decrease from the end of May total. The decrease reflected the reduced backlog as a result of the decline in new orders in primary metals and transportation. A small decline in New orders for the machinery and equipment industries rose to $5.2 billion in June, continuing the mo nthly increases which began in March. Defense product industries decreased to $3.1 billion from $3.7 billion in May while consumer durable goods industries increased to $2.1 billion from the May level of $1.9 billion. Manufacturers' shipments in June increased for the second consecutive month to $50.0 billion compared to $49.4 billion in May. Total inven- stories held by all manufacturers remained at the May 31 no appreciable on June total of $84.5 billion. change in manufacturers' inventories and an increase in shipments of $500 million, the inventory-shipments ratio fell for the second consecutive month from 1.71 in May to shipments coupled with the decrease in backlog resulted in a decrease of the unfilled orders- shipments ratio for durable goods from 3.58 in May to 3.54 in June. Inventories of durable goods increased slightly from $55.0 billion in May to $55.2 billion in June reflecting a rise in stocks in the transportation sector which was only partially offset by a decline in inventories in the primary metals sector. Total inventories of nondurable goods manufac- turers decreased generally to $29.3 billion from the end of May total of $29.5 billion with signifi- cant decreases in the food and apparel sectors, Increases in durable stocks occurred in work- in-process and materials and supplies as finished 1.69 in June. goods decreased. Nondurable stocks decreased for materials The increase in shipments ofnondurable goods to a record high of $24.5 billion from $23.9 while and supplies work-in-process and finished goods stocks were essentially unchanged. rt ores Inquiries concerning these figures should be addressed to the U.S. Department of Commerce, Bureau of the Census, Industry Division, Washington, D.C. 20233. I 2 Table 1.--VALUE OF MANUFACTURERS' SHIPMENTS, INVENTORIES, AND ORDERS, BY INDUSTRY GROUP (Millions of dollars) Without seasonal Without seasonal Seasonally adjusted adjustment1 Seasonally adjusted adjustment Sesnal ajstdad justment a u mn Industry group -u-- June May April June May June June May Apr i l June May June 1968 1968r 1968 1968 1968r 1967 1968p 1968r 1968 1968 1968r 1967 All manufacturing industries: Total ..................... . Total, excluding transportat Durable goods industries, total.......;... Stone, clay, and glass products...&....... Primary metals, total.......,.......... Blast furnaces, steel mills............. All other primary metals................ Fabricated metal products, total.......... Metal cans, barrels, and drums,......... Machinery, except electrical, total....... Engines and turbines.................... Farm machinery and equipment........... Construction, mining, and material handling equipment............*...... Ietalworking machinery.................. General industrial machinery............ Electrical machinery, total.............. Electrical transmission and distribution equipment and industrial apparatus..... Household appliances, including radio and TV........ .... Communication equipment.......... Transportation equipment, total.... Motor vehicles and parts......... Aircraft, missiles, and parts.... Instruments and related products... All other durable goods industries. Nondurable goods industries, Food and kindred products, Meat products........... Tobacco Textile products.......... mill products..... Paper and allied products, Pulp, paper, etc...'..... total. total. * C * * 4***~~ ge, ,... * C S ** * ....... .* C C Chemicals and allied products, total. Industrial chemicals, except pigmen Petroleum and coal products........... Rubber and plastics products, n.e.c... All other nondurable goods industries. All manufacturing industries: Total ........................... Total, excluding transportation. Durable goods industries, total......... Primary Blast metals, total ........ furnaces, steel mills. Fabricated metal products..... Machinery, except electrical, Engines and turbines........ Construction, mining, and material handling equipment............... Metalworking machinery.............. General industrial machinery........ Electrical machinery, total........... Electrical transmission and distribn equipment and industrial apparatus..... Household appliances, including radio and TV ................................. Communication equipment................. Transportation equipment, total........... Aircraft, missiles, and parts........... Aill n^th~r- mlr-,tla anrrb^ Snct-:t."rScs' Shipments 24,538 49,420 42,507 25,483 1,030 23,937 8,358 2,002 439 1.798 23,114 8,076 1,839 427 1,735 2,074 963 24,900 23,462 Total inventories 55,218 10,475 741. 917 5,865 673 10,540 732 929 1,811 998 731 8,199 1,903 2,143 1,819 14,317 3,779 8,874 2,484 5,313 29,260 6,446 620 New orders Unfilled orders 24,774 25,541 83,473 46,416 80,292 6,958 80,936 12,113 3,438 83,067 46,689 79,765 12,159 3,473 616 4,541 36,378 31,241 C -t / 0 J.flflfll )Thl'1 I Vlit~ 2'' I J.cfl I 80,581 11,869 3,507 446 4,409 36,873 31,955 5-536 2,098 1,697 12,231 3,196 7,578 2,337 4,870 28,262 6,293 588 78,703 45,386 75,732 I J flOd * , * * * r r.. g . ... ... C total. *. * . . C * - *.... I I1f X. I A. * D Table 2.-VALUE OF MANUFACTURERS' SHIPMENTS, INVENTORIES, (Millions of dollars) Industry group All manufacturing industries Durable goods industries, total... Nondurable goods industries, total Industry groups arranged , total.. .. ****t market categories: Home goods and apparel.......... Consumer staples......... ....... Equipment and defense products, except automotive.......................... Automotive equipment................. Construction materials, supplies, and intermediate products............... Other materials and supplies and intermediate products................ Supplementary seri Consumer durable Defense product es:2 goods industries..... industries ....,..... Machinery and equipment industries..... All manufacturing industries, total.. Durable goods industries, total...,....... Nondurable goods industries, total......... Industry groups arranged by market categories: Home goods and apparel.................. Consumer staples........*............... . Equipment and defense products, except automotive............................... Automotive equipment..................... . Construction materials, supplies, and intermediate products................... Other materials and supplies and intermediate products................... Supplementary seri Consumer durable Defense product es:2 goods industries..... industries............ Machinery and equipment industries.... ~Pre1iminary. ventories as of end rRevised. of month. Seasonally adjusted Without seasonal adjustment1 Shipments 49.954 19,444 3,843 20.704 49,665 46,666 3400 A 18.236 Seasonally adjusted Without seasonal adjustment Total inventories 84.525 84,505 54,977 29,528 85,184 55,812 29,372 9,170 10,964 21,643 4,688 6,827 31.892 4,876 4,8>_ 4,898 5,299 4,988 5,064 13,407 13,265 13,238 13,505 13,574 13,112 New orders Unfilled orders 49,396 24,774 24,622 5,185 10,738 6,808 4,398 3,449 18,818 2,091 3,123 5,188 1Shipments and new 2The composition of orders 48,266 adjusted these supplementary 51.600 48,596 25,109 23,487 4,208 10,356 4,630 3,404 18,235 1,874 4,367 5,132 83,473 80,292 3,181 2,068 }145,348' 7,248 28,809 1,569 37,197 18,591 84,052 80,876 3,176 1,889 45,057 7,136 29,970 83,067 18,676 for trading-day and calendar month variation; unfilled series 83,813 80,581 3,232 1,833 44,915 7,294 29,771 1,314 37-153 orders 78,703 and in- is as follows: Consumer durable goods industries - Household furniture; kitchen appliances; ophthalmic Defense product industries goods, watches, a - Communication equipment, complete series form Machinery and equipment industries includes significant articles nd clocks; aircraft, and pottery; cutlery, and miscellaneous aircraft parts, a amounts of nondefense handtools, personal and hardware; goods. no ordnance. (Thus the work in these industries and omits Defense defense household industries ed in other industries.) - Machinery, electrical electronic except electrical (excluding machinery components) (excluding farm machinery household appliances, ship building and repairing, and equipment and machine communication and railroad a shops), equipment and nd street car equipment. Table 3.--MANUFACTURERS' SHIPMENTS , INVENTORIES, AND ORDERS MONTH-TO-MONTH AND LONG TERM PERCENT CHANGES (Based on seasonally adjusted data) Item and industry group Shipments: All manufacturing industries.. Durable go Nondurable ods industries, total. goods industries, Total inventories: All manufacturing New orders: All manufacturing Durable goods ind total industries...... industries........ ustries, tc ~ta1 Month-to-month-1968 +0.9 Average, Average rise 1962-1967 Average decline -0.2 Average 3 Months monthly rates 6 Months +0.1 of change 12 Months . .>& -, .-- c. d I ,~.. I tt.C *1., work per- e --* ., -L* -_/.\J UNIVERSITY OF FLORIDA II m It I I I3o I II111111111 I 3 1262 08589 3971 T{b eo 4.--RATIO OF MANUFACTURER' INVENTORIES TO SHIPMENTS AND UNFILLED ORDERS TO SHIPMENTS, BY INDUSTRY GROUP (Based seasonally adjusted data) Inven s spet rat-io ~ Unfilled orders shipments ratio Inventories shipments ratio ( b.aclog) monthss' backlog) Industry group June May April June June May April June 1968 1968 1968 1967 1968p 1968 1968 1967 All mantfactmrntg in Ltr iv-, total .............. .1.69 1.71 1.76 1.80 2.86 2.88 2.95 3.03 Durable goods industries, total.......................... 2.17 2.16 2.22 2.25 3.54 3.58 3.66 3.74 Stone, clay, and 1azs products......................... 1.79 1.75 1.67 2.00 (NA) (NA) (NA) (NA) Primary tal ... ..................................... 1.73 1.82 1.90 2.16 1.49 1.69 1.76 1.70 Fabricated metals....................................... 2.44 2.44 2.39 2.47 3.43 3.45 3.36 3.37 Machinery, except electrical............................ 2.75 2.76 2.73 2.92 3.19 3.19 3.16 3.54 Electrical iachinvry.................................... 2.23 2.31 2.31 2.29 3.41 3.45 3.54 3.64 Transportation equipment................................ 2.14 2.03 2.24 1.89 8.34 8.37 8.87 8.10 Instruments and related products........................ 2.30 2.32 2.40 2.62 (HA) (NA) (NA) (NA) Nondu-rable ,oo ndustries., toLal........................ 1.19 1.23 1.26 1.31 0.49 0.47 0.50 0.50 Food ind kinvird, products............................... 0.79 0.83 0.85 0.87 (X) (X) (X) (X) Tobacco proc uct ....................................... 5.50 5.48 5.61 5.40 (X) (X) (X) (X) Textile mill products.................................. 1.87 1.86 1.92 1.98 (NA) (NA) (NA) (NA) Paper anm allied products... ................... ......... ...1.09 1.09 1.11 1.28 (NA) (NA) (NA) (NA) Chemicals ,rind allied products ........... .. .. ............. 1.50 1.57 1.56 1.63 (X) (X) (X) (X) Petroleum and coal products ............................ 1.04 1.07 1.09 1.06 (X) (X) (X) (X) Rubber and plastics products, n.e.c..................... 1.19 1.13 1.19 1.30 (X) (X) (X) (X) PProliminary. (NA) Not available. tRevised. (X) Not applicable. Excludes the following industries with no unfilled order backlogs: Wooden containers; glass containers; metal cans, barrels and drums; motor vehicle assembly operations; foods and related products; tobacco; apparel and related products; chemicals; petroleum and coal prod- uct.s; and rubber and plastics products, n.e.c. Table 5.--VALUE OF MANUFACTURERS' INVENTORIES, BY STAGE OF FABRICATION, BY INDUSTRY GROUP (Millions of dollars) Without seasonal Without seasonal Seasonally adjusted itut. en Seasonally adjusted adjust adjustment adjustment InIdustry group 1 June May, April June Mayr June June Mayr April June May June 1968 1968 1968 1968 1968 1967 1968p 1968 1968 1968p 1968 1967 Total Materials and supplies All mtmufacturing industries, total... 84,515 84,505 83,956 85,059 85,184 80,608 26,281 26,138 25,856 26,057 25,977 25,031 Durable gous Inaustriks, total............. 55,218 54,977 54,754 55,799 55,812 52,346 15,629 15,454 15,282 15,608 15,428 14,454 Stone, clay, and glass products........... 1,821 1,806 1,775 1,834 1,848 1,860 583 581 582 577 574 569 Primadry metatls............................ 7,354 7,528 7,572 7,247 7,398 7,368 2,641 2,687 2,666 2,550 2,517 2,598 Machinery (electrical and nunelectrical).. 18,375 18,436 18,319 18,739 18,931 18,311 4,778 4,755 4,681 4,849 4,845 4,734 Trsnsportrtitn equipnt.......................... 14,322 14,025 14,071 14,317 14,158 12,231 2,906 2,775 2,762 2,838 2,811 2,276 All other durable goons industries ........ 13,346 13,182 13,017 13,662 13,477 12,576 4,721 4,656 4,591 4,794 4,681 4,277 N P~>trul"um and coal products............... 2,030 2,010 1,996 2,025 1,992 1,913 399 387 379 402 399 379 Ru! tr and plastics products, n.e.c....... 1,471 1,472 1,481 1,481 1,487 1,424 406 400 389 403 395 420 All otter nondurable goods industry ies..... 20,224 20,412 20,175 20,220 20,345 19,580 7,869 7,888 7,829 7,682 7,788 7,834 Work in process Finished goods All manufacturing industries, total... 30,273 29,869 30,039 30,506 30,524 28,293 27,961 28,498 28,061 28,496 28,683 27,284 D[>u le goo.s industries, toil............. 25,629 25,232 25,512 25,800 25,833 23,850 13,960 14,291 13,960 14,391 14,551 14,042 Stone, clay, and glass products........... 252 247 252 262 266 271 986 978 941 995 1,008 1,020 Primary met ,Is............................ 2,602 2,629 2,624 2,563 2,628 2,607 2,111 2,212 2,282 2,134 2,253 2,163 Macnin.ry ( lTctrical and nonelectrical).. 8,214 8,280 8,297 8,263 8,439 8,110 5,383 5,401 5,341 5,627 5,647 5,467 Transpr 'itat jn equipment................... 9,899 9,496 9,825 9,984 9,850 8,559 1,517 1,754 1,484 1,495 1,497 1,396 All other durab'le goods industries........ 4,662 4,580 4,514 4,728 4,650 4,303 3,963 3,946 3,912 4,140 4,146 3,996 Nondurabl" -ods industries, total......... 4,644 4,b37 4,527 4,706 4,691 4,443 14,001 14,207 14,101 14,105 14,132 13,242 P nnflrii- e ^At ,nt.i 4!,.c.o aA ,flrfIAt 0L. ZAL 7R '3 9 77 $Y77 W?..737 9-'72S 2.737 2.616 |