Current industrial reports

Chart 1- Manufacturers' New Orders (Seasonally Adiusted)
~____~_____8___ ___Billions aof Dollarsr


NEW ORDERS

New orders for manufactured products of $53.1
billion in December equalled the November level, //
after seasonal adjustment, the Bureau of the Census, durable ods
U.S. Department of Commerce, announced today.
----- -%-- ------- -*'"
The durable goods new orders at $29.5 billion ...__--- NondurableGoods
indicated a slight increase from the November level -
of $29.3 billion. A $200 million increase in orders
for electrical machinery was accompanied by minor
movements in other durable goods groups. The
nondurable goods sector decreased $100 million to
$23.7 billion as most soft goods manufacturers
reported new orders near their November levels.
Among the supplemental series, the machinery and. i.
equipment industries increased $100 million to $6.2 1965 1966 1967
billion. The more complete reporting in the aero-
space sector was reflected in the new defense Chart2- Manufacturers' Shipments (Sews
products series which increased from $2.0 billion ___
in November to $2.4 billion in December (compared
with the $1.6 billion originally reported in the
Advance Report). Orders for consumer durable ---
goods increased $100 million to $2.1 billion. (SEE Total
CHART 1)


1

SHIPMENTS .. ..
DrOable Goods
Manufacturers' shipments in December of $51.5 ------
billion was $1 billion below the November total. _------" Nondurable Goods
Nearly all of the decline occurred in the durable
goods sector. Sales for the automotive segment of
the transportation industry declined more than $500
million and nonelectrical machinery sales decreased
$200 million. December shipments of nondurable
goods at $23.7 billion showed virtually no change
from November shipments of $23.8 billion. (SEE
CHART 2) 1 16 I I
1965 1966 1967


1968


nally Adjusted)
Billions of Dollars*











Chart 3- Manufacturers' Unfilled Orders (Seasonally Adjusted)
Billions of Dollars*


UNFILLED ORDERS

Unfilled orders of $84.1 billion held by durable


goods


manufacturers at the end of December in-


creased substantially for the fifth consecutive month.
All major industry groups participated in the $1.7
billion increase. The decrease in shipments of
durable goods coupled with the increase in backlog
resulted in a change oftheunfilledorders-shipments


ratio for durable goods from 3.
3.38 in December. (SEE CHART


in November to


1. : 1. 1


e Goods


*Semilog.scale
i i It i t]ii


Chart 4-


Total Inventory (Seasonally Adjusted)


Billions of Dollars*


INVENTORIES


Total


inventories held by all manufacturers at


the end of December


continued


to increase on a


seasonally adjusted basis to $88.4 billion compared
with $87.9 billion at the end of November. As a
result of the increase in inventories andthe decrease


shipments,


increased


inventories- shipments


ratio


for the first time since August 1968 to


1.72 in December compared with 1.67 in November.


The inventories of durable


goods


manufacturers


increased $400 million to $57.3 billion whereas the
nondurable goods sector increased $100 million to


$31.1 billion. Most major industry groups reported
minor stock increases. For all manufacturing
industries combined increases were reported for both


work
while


n process
materials


virtually unchanged


and finished


goods inventories


and supplies inventories
. (SEE CHART 4)


were


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


lOLL 10L7 104 C


<
*











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


(Millions


of dollars)


Seasoall adjued Without seasonal Without seasonal
Seasonally adjusted adjustnt Seasonally adjusted adjustrent
ad jusltment ad justnaent
Industry group
Dec. Nov. Oct. Dec. Nov. Dec. Dec. Nov. Oct. Dec. Nov. Dec.
1968 1968r 1968 1968 1968r 1967 1968 1968" 1968 1968p 1968r 1967


All manufacturing industries:
Total...............................
Total, excluding transportation.....
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....,......
Iachinery, except electrical, total.......
Engines and turbines....................
Farm machinery and equipment............
Construction, mining, and material
handling equipment....................
Metalworking 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 products..........
Textile mill products.....
Paper and allied products,
Pulp, paper, etc........


total ... .
total......


Chemicals and allied products, total......
Industrial chemicals, except pigments...
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 metals, total.....................
Blast furnaces, steel mills............
Fabricated metal products.................
Machinery, except electrical, total.......
Engines and turbines....................
Construction, mining, and material
handling equipment.....................
Ibtalworking machinery..................
General industrial machinery .............
Electrical machinery, total...............
Electrical transmission and distribution
equipment and industrial apparatus.....
Household appliances, including radio
and TV..I...............................
Communication equipment.................
Transportation equipment, total...........
Aircraft, missiles, and parts...........
All other durable goods industries........


Shipments


-,----
4,180
1,807
2,373
2,896
296
5,185
435
450

694
341
436
3,586

718

675
993
7,568
4,238
2,723


23,762


5
4
2


2


0,227
2,934
7,693
1,240
3,939
1,714
2,225
2,700
250
5,097
524
328

617
359
422
3,635

716

706
1,014
7,293
3,930
2,750
1,031
2,758
2,534
7,818
1,661
413
1,718
1,989
843
3,578
1,219
1,870
1,250
3,898


46,923
39,628
26,644
1,182


4,968
448
339

656
343
414
3.692


Total inventories


7,558
4,039
3,519
6,329
680
1,312
866
939

1,947
1,020
912
8,488

1,764

1,949
2,505
,3,947
4,248
8,119
2,168
5.327


56,497
2,071
7,572


________New orders Unfilled orders


53-ne


3,176
5,183
483

697
312
482
3,718

694


53,100
45,511
29,325


5,397


30,280


28,725


4,963


3,034
4,895
445

654
303
439
3,459

661

690
821
7,424
2,138
5,264


27,545


4,424


84,105


10,080


82429


9,711


81,894


82,984


81,951


5,982 5,995 5,970 5,778 5,841 5,556


8,639


I


New orders Unfilled orders












Table 2. --VAlVE OF 1ANtTACTLWLTh<~I sm P>~NPS, TINnUORIES, AND ORDERS, FOR MARF2T CATEGORIES AflD StTPPLEfrENTARY SERIES


(Millions


of dollars)


Without seasonal 3Without seasonal
Seasonally adjusted adut men1 Seasonally adjusted Wtu sen
adjustment i adjustment
hIndustry group
Dec. Nov. Oct, Dec. Nov. Dec. Dec Nov. Oct. Dec. Nov. Dec.
1968> 1968' 1968 1968p 1968r 1967 1968 1968r 1968 1968 1968r 1967

Shipments Total inventories

All manufacturing industries, total.. 51,514 52,548 52,560 50,227 52,495 46,923 88,438 87,947 87,566 88,092 87,382 82,561
Durable goods industries, total............ 27,787 28,786 28,960 27,693 2B,831 26,644 57,329 56,953 56,657 56,938 56,497 53,217
Nondurable goods industries, totil ....... 23,727 23,762 23,600 22,534 23,664 20,279 31,109 30,994 30,909 31,154 30,885 29,344
Industry groups arranged by market
categories:'
Home goods and a nparel................... 4,584 4,407 4,559 4,067 4,597 3,950 9,464 9,460 9,327 9,113 8,993 8,277
Consumer staples......................... 10,284 10,257 10,126 9,965 10,257 8,854 11,752 11,758 11,789 12,081 12,039 11,605
Equipment and defense produce w, except
automotive.............................. 8,108 8,609 8,485 ,5< 8,380 8,093 22,169 22,018 21,943 21,976 21,913 20,778
Automotive equipment.................... 4,298 4,821 4,919 4,447 5,204 4,556 5,178 5,134 5,195 5,206 5,240 4,664
Construction materials, suppl es, and
intermediate products ................ 4,194 4,221 4,30 3,819 4,129 3,514 7,444 7,236 7,129 7,321 7,046 6,342
Other materials and supplier and
intermediate proucts.............. ..... 20,046 20,233 20,169 19,375 19,928 17,956 32,431 32,341 32,183 32,395 32,151 30,895

Supplementary series:
Consumer durable goods Induntrle>........ 2,043 1,927 2,032 1,909 2,028 1,927 4,623 4,727 4,671 4,509 4,526 4,230
Machinery and equipment industries....... 5,970 6,140 5,926 6,181 6,040 5,780 14,014 13,881 13,851 13,943 13,834 13,620
Defense products industries (old series). 3,828 4,078 4,060 4,119 4,042 3,978 11,497 11,458 11,410 11,362 11,402 10,186
Defense products (new series) .......... 2,091 2,042 2,070 2,244 2,027 (NA) 7,164 7,251 7,233 7,082 7,218 (NA)

New orders Unfilled orders

All manufacturing industries, total.. 53,118 53,100 53,931 51,165 52,136 47,838 87,149 85,539 84,991 85,944 85,003 82,499
Durable goods industries, total............ 29,458 29,325 30,280 28,725 28,471 27,545 84,105 82,429 81,894 82,984 81,951 79,480
Nondurable goods industries, total....... 23,660 23,775 23,651 22,440 23,665 20,293 3,044 3,110 3,097 2,960 3,052 3,019
Industry groups arranged by market
categories:
Home goods and apparel.................. 4,624 4,425 4,575 4,037 4,542 3,883 2-,1 2 ,1503
Consumer staples........................ 10,276 10,256 10,126 9,963 10,261 8,850 ,2 2,9 ,' 2,143 27 2,
Equipment and defense products, except
automotive............................ 8,698 8,370 9,527 8,672 7,478 8,292
Autormtive equipment..................... 4,648 4,864 4,694 4,787 5,273 4,565 409 46,468 46,662 47,124 46,665 44,021
Construction materials, supplies, and
intermediate products................... 4,548 4,510 4,500 4,088 4,228 3,982 10,345 9,990 9,700 9,861 9,591 8,869
Other materials and supplies and
intermediate products.................. 20,324 20,675 20,509 19,618 20,354 18,266 27,164 26,882 26,447 26,816 26,572 27,574
Supplementary series:2
Consumer durable goods industries........ 2,120 1,973 2,033 1,924 1,985 1,868 1,815 1,738 1,693 1,728 1,713 1,614
Machinery and equipment industries....... 6,229 6,089 6,550 6,290 5,874 5,522 22,122 21,862 21,912 21,833 21,723 20,958
Defense products industries (old series). 4,254 3,895 4,407 4,084 3,271 4,229 33,166 32,740 32,925 33,088 33,123 31,819
Defense products (new series)*........... 2,421 1,953 2,384 2,271 1,576 (NA) 21,913 21,584 21,672 21,849 21,822 (NA)


uAring
figures on


1968 manufacturers in


oljnance,


shipments, orders, and total inv


in. these new defense series.
has been seasonally adjusted


Since there


comxTranicati


entories of we
s no historic


using the factors of these i


ons, aircraft and aircraft parts,


performed for Department of


and shipbuilding industries began to provide aggregate
Defense. The results of these reports are included


for trading-day and calendar month variation; unfilled orders and inventories as of end of
regrouping of the separate industry categories as follows:


month.


2The supplementary series are


Consumer

Machinery


durable goods industries Household furniture;


kitchen articles and pottery;


cutlery, handtools, and hardware;


watches, and clocks; and miscellaneous personal goods.


and equipment industries Machinery, except electrical (excluding farm machinery and


equipment and machine shops),


electrical machinery


(excluding household appliances, conmmunication equipment and


Defense produce ts


Defense


pnxiucts


Thdustries


(new series)


electronic components), shipbuilding and repairing, and railroad and street car equipment.
(old series) Based on reports for companies classified in the communication equipment, complete aircraft,


aircraft parts, and ordnance industries
of nondefense work in these industries
industry.)
- Based on separate reports on defense work filed by


(Thus, this series includes significant amounts


and omits defense work performed in the shipbuilding

large defense contractors in the following


industries: ordnance, communications, complete aircraft, aircraft parts, and shipbuilding. Thus, it
differs from the old series in that it includes defense activity in shipbuilding and excludes non-


defense work in ordnance, communications,


complete aircraft, and aircraft parts.


The data are


comparable to those published annually in the MA-175,
the specified industries.


Shipments of Defense-Oriented Industries, for


data available to develop separate seasonal factors for these reporters, the data
industries. PPreliminary, revised. 1Shipments and new orders adjusted


household appliances; ophthalmic goods,


*rk


*












CRAEES


Table 3.--MAWNUJFACTURERS' SHIPMENTS, INVENTORIES, AND ORDERS MONTH-TO-MONTH AND LONG TERM PERCENT


(Based on seasonally adjusted data)

Month-to-month- 1968 Average, 1962-1967 Average monthly rates of change

3 months 6 months 12 months
Item and industry group Nov.- Oct.- Sept.- Average Average
Dec. Nov. Oct. rise decline Sept.- Dec. June- Dec. Dec. 1967-
1968 1968 Dec. 1968

Shipments:
All manufacturing industries........... -2.0 0.0 +2.2 +1.3 -1.0 +0.1 +0.3 *0.6
Durable goods industries, total.......... -3.5 -0.6 +3.5 +2.1 -1.9 -0.2 +0.2 +0.4
Nondurable goods industries, total....... -0.1 +0.7 +0.6 +0.9 -0.5 +0.4 +0.5 *0.9
Total inventories:
All manufacturing industries........... +0.6 +0.4 +0.5 +0.7 -0.2 +0.5 +0.6 +0.6
New orders:
All manufacturing industries........... 0.0 -1.5 +4.0 +1.8 -1.5 +0.8 +1.1 +0.6
Durable goods industries, total.......... +0.5 -3.2 +6.7 +3.0 -2.5 1.3 +1.7 +1.2
Nondurable goods industries, total....... -0.5 +0.5 +0.7 +1.0 -0.6 +0.2 +0.3 +0.8
Unfilled orders:
Durable goods industries, total.......... +2.0 +0.7 +1.6 +1.3 -0.7 +1.4 +0.6 +0.4










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

(Based on seasonally adjusted date)

nvtie st Unfilled orders shipments ratio1
Inventories shipments ratio o backlog)
(months' backlog)
Industry group
Dec. Nov. Oct. Dec. Dec. Nov. Oct. Dec.
1968p 1968r 1968 1967 1968 196r 1968 1967

All manufacturing industries, total.................. 1.72 1.67 1.67 1.73 2.78 2.67 2.64 2.83
Durable goods industries, total............................ 2.06 1.98 1.96 2.01 3.38 3.22 3.19 3.39
Stone, clay, and glass products.......................... 1.60 1.61 1.48 1.48 (NA) (NA) (NA) (NA)
Primary metals...... ............ ....................... 1.81 1.80 1.76 1.90 1.52 1.47 1.38 1.74
Fabricated metals........................................ 2.25 2.15 2.07 1.96 4.01 3.74 3.51 3.64
Machinery, except electrical.............................. 2.27 2.16 2.15 2.32 2.96 2.81 2.82 3.10
Electrical marchinery ..................................... 2.39 2.38 2.42 2.25 3.72 3.64 3.73 3.65
Transportation equipment................................. 2.04 1.83 1.84 1.90 7.53 6.70 6.79 7.07
Instruments and related products........................ 2.23 2.06 2.13 2.47 (NA) (NA) (NA) (NA)
Nondurable goods industries, total........................ 1.31 1.30 1.31 1.37 0.47 0.48 0.48 0.53
Food and kindred products................................ 0.92 0.93 0.95 0.99 (X) (X) (X) (X)
Tobacco products......... ............................... 5.38 5.34 5.25 5.60 (X) (X) (X) (X)
Textile mill products.................................... 1.93 1.92 1.92 1.86 (NA) (NA) (NA) (NA)
Paper and allied products................................ 1.12 1.13 1.12 1.18 (NA) (NA) (NA) (NA)
Chemicals and allied products ................. ......... 1.48 1.42 1.45 1.56 (X) (X) (X) (X)
Petroleum and coal products.............................. 1.14 1.11 1.12 1.11 (X) X) (X) (X)
Rubber and plastics products, n.e.c....................... 1.38 1.43 1.36 1.53 (X) (X) (X) (X)


(NA) Not available. PPreliminary. rRevised. (X) Not applicable.
IExcludes the following industries with no unfilled orders: Wooden containers;


vehicle assembly operations;
rubber and plastics products,


foods and related products; tobacco;


glass containers; metal


apparel and related products; chemicals;


cans, barrels and drums; motor
petroleum and coal products; and











Table 5. --VALUE OF MANUFACTURERS' INVENTORIES, BY STAGE OF FABRICATION, BY INDUSTRY GROUP


(Millions


of dollars)


Without seasonal Without seasonal
Seasonally adjusted adjustment Seasonally adjusted adjustment
adjustment ajsmn
Industry group ---
Dec. Nov. Oct. Dec. Nov. Dec. Dec. Nov. Oct. Dec. Nov. Dec.
1968p 1968 r 1968 1968p 1968r 1967 1968p 1968r 1968 1968p 1968r 1967
Total Materials and supplies

All manufacturing industries, total.. 88,438 87,947 87,566 88,092 87,382 82,561 28,243 28,188 28,372 28,564 28,204 27,175
Durable goods industries, total............ 57,329 56,953 56,657 56,938 56,497 53,217 16,633 16,676 16,763 16,754 16,730 15,722
Stone, clay, and glass products.......... 2,200 2,153 2,064 2,154 2,071 1,914 683 699 689 693 698 639
Primary metals........................... 7,558 7,504 7,426 7,739 7,572 7,834 2,781 2,783 2,850 2,955 2,924 2,994
Machinery (electrical and nonelectrical). 19,800 19,750 19,671 19,631 19,541 18,904 4,837 4,830 4,816 4,825 4,773 4,779
Transportation equipment................. 13,947 13,844 13,891 13,889 13,955 12,624 3,385 3,366 3,403 3,381 3,419 2,964
All other durable goods industries....... 13,824 13,702 13,605 13,525 13,358 11,941 4,947 4,998 5,005 4,900 4,916 4,346
Nondurable goods industries, total......... 31,109 30,994 30,909 31,154 30,885 29,344 11,610 11,512 11,609 11,810 11,474 11,453
Chemicals and allied products............ 5,900 5,882 5,871 5,906 5,788 5,612 2,061 2,075 2,081 2,073 2,053 1,986
Petroleum and coal products.............. 2,129 2,136 2,114 2,117 2,146 1,961 461 458 455 455 450 385
Rubber and plastics products, n.e.c...... 1,793 1,833 1,731 1,787 1,830 1,596 566 589 548 556 584 531
All other nondurable goods industries.... 21,287 21,143 21,193 21,344 21,121 20,175 8,522 8,390 8,525 8,726 8,387 8,551

Work in process Finished goods

All manufacturing industries, total.. 31,225 30,837 30,549 30,836 30,764 28,800 28,970 28,922 28,645 28,692 28,414 26,586
Durable goods industries, total............ 26,357 26,085 25,825 26,069 25,999 24,409 14,339 14,192 14,069 14,115 13,768 13,086
Stone, clay, and glass products.......... 372 345 309 346 318 276 1,145 1,109 1,066 1,115 1,055 999
Primary metals........................... 2,559 2,536 2,451 2,569 2,514 2,683 2,218 2,185 2,125 2,215 2,134 2,157
Machinery (electrical and nonelectrical). 9,426 9,391 9,319 9,337 9,366 8,932 5,537 5,529 5,536 5,469 5,402 5,193
Transportation equipment................. 9,218 9,139 9,146 9,189 9,201 8,499 1,344 1,339 1,342 1,319 1,335 1,161
All other durable goods industries....... 4,782 4,674 4,600 4,628 4,600 4,019 4,095 4,030 4,000 3,997 3,842 3,576
Nondurable goods industries, total......... 4,868 4,752 4,724 4,767 4,765 4,391 14,631 14,730 14,576 14,577 14,646 13,500
Chemicals and allied products............ 914 879 884 912 876 843 2,925 2,928 2,906 2,921 2,859 2,783
Petroleum and coal products.............. 459 459 449 444 454 435 1,209 1,219 1,210 1,218 1,242 1,141
Rubber and plastics products, n.e.c...... 322 335 306 322 336 273 905 909 877 909 910 792
All other nondurable goods industries.... 3,173 3,079 3,085 3,089 3,099 2,840 9,592 9,674 9,583 9,529 9,635 8,784


~Pi-e1iminary.

































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U.S.


DEPARTMENT


BUREAU OF THE


UNIVERSITY OF FLORIDA

OF COMMERCE I I I 111111 112 59349
OF CO MERCE3 1282 08589 3849


CENSUS


U.S. DEPARTMENT OF COMMERCE


WASHINGTON. D.C.


20233


OFFICIAL BUSINESS