Current industrial reports

manufacturers


' Shipments,

and Orders /


April 1969


FOR RELEASE:


June 3, 1969


NEW ORDERS

New orders for manufactured products in April
increased $1.2 billion to $54.5 billion from $53.3
billion in March, after seasonal adjustment, the
Bureau of the Census, U.S. Department of Com-
merce, announced today. All of the increase
was in the durable goods sector which rose to a
total of $31.0 billion as nondurable orders were
relatively unchanged from the March total of $23.6
billion. Gains occurred in virtuallyall major durable
industry groups with railroad equipment, iron and
steel, and machinery recording significant increases.

New orders in April for the supplementary series
on machinery and equipment reached $7.1 billion
compared with a March total of $6.4 billion re-
flecting primarily the unusually large increase in
orders for railroad equipment. Orders for defense
products at $2.1 billion were $100 million below
their March total of $2.2 billion while orders for
consumer durables also remained stationary at
$2.2 billion for the third consecutive month. (SEE
CHART 1)





SHIPMENTS

Manufacturers' shipments in April increased to
$53.3 billion compared with $53.1 billion in March.
This relatively slight increase was accounted for
by the durable goods industries with transportation
equipment and fabricated metals reporting the larger
gains. April shipments of nondurable goods were
$23.5 billion virtually unchanged from March. (SEE
CHART 2)


Chart 1- Manufacturers' New Orders (Seasonally Adjusted)
Billions of Dollars*
S-...-,45


- ~we -.





liii, I..


1965

Chart 2-


-- --.~ -- -


Durable Goods


I. -~
--------


Nondurable Goods


*Semilog. scale
ll, II l I ,I ,,I ,,!i iII


Manufacturers' Shipments (Seasonally Adjusted)
Billions of Dollars8
85
8t0
75
70
65
60
Total 5


F W I I F


Re


.4
I
pot















UNFILLED ORDERS


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


Unfilled


orders


durable


goods


manu-


facturers at the end of April increased $1.2 billion
from the end of March level of $85.2 billion. The
small increase in shipments of durable goods cornm-


bined with the


an increase


ratio
3.21


for durable
in March.


particularly s
comprise the
and equipment.


larger increase in backlog resulted


f the unfilled
goods to 3.
The increase


significant


in the


supplemental series
(SEE CHART 3)


orders-shipments


in April


from


in backlog was


industries


which


on machinery


Durable Go


Ii limit ii,


ods






*Semilog. scale
i i l 1 I I ,.1 iii jII1 IIii


INVENTORIES


Total


inventories


held by all manufacturers at


the end of April increased on a seasonally adjusted
basis to $91.0 billion compared with $90.3 billion
at the end of March. As a result of the $700 mil-
lion increase in total inventories, compared withthe


smaller


million


inventories-shipments


increase in
ratio edged


shipments, the
uD to 1.71 in


April from 1.70 in March. The inventories of
durable goods manufacturers increased $400 million
to $59.4 billion whereas nondurable goods manu-


facturers
to $31.6


increase
billion.


sed their stocks by $300 million


At the all manufacturing level,


increases occurred in inventories for all stages
of fabrication (finished goods, work-in-process, and
materials and supplies.)


The figures on the durable goods industries in
this report supersede those issued earlier in the
advance report on durable goods. The advance report
is based on a tabulation of early reports and is
limited to statistics on shipments, new orders, and
unfilled orders for a few broad industry categories.
The present report is based on more complete


reporting,
preliminary
torical dat
next month.


but the e
r. Final
a in the


estimates
figures
report


are also considered


appear


as his-


to be published


Chart 4- Total Inventory


(Seasonally Adjusted)


Billions of Dollars*


- -









I I I


-










I,,Il,., f. ,t.,


Total


Durable Goods


NnrlGo
Nondable" G od
Nondurable Goods


ItiIl lItl


*Semilog. scale
,,l l l lilflilll&flllli












Table 1.--VALUE OF MANUFACTURERS' SHIPMENTS


(Millions


of dollars)


Without seasonal Without seasonal
Seasonally adjusted adjustment1 Seasonally adjusted adjustment
ad justnent'ajsmn
Industry group ---
April March Feb. April March April April March Feb. April March April
1969 1969r 1969 1969p 1969r 1968 1969p 1969 1969 1969 1969r 1968


All manufacturing


industries:


Total................ ..........e
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....,.....
Machinery, except electrical, total......
Engines and turbines....................
Farm machinery and equipment............
Construction, mining, and material
handling equipment-.....................


M)talworking


General industrial machinery............
Electrical machinery, total...............
Electrical transmission and distribution
equipment and industrial apparatus.....


Household appliances, including


and TV. .................. ........
Communication equipment.................
Transportation equipment, total...........
Motor vehicles and parts................


Aircraft,


missiles,


and parts...........


Instruments and related products..........
All other durable goods industries........


Nordurable goods industries,
Food and kindred products,
Meat products...........
tobacco products..........
Pextile mill products.....
Paper and allied products,


Pulp, paper,


total .....


etc......


Chemicals and allied products, total....
Industrial chemicals, except pigments.
Petroleum and coal products.............
Rubber and plastics products, n.e.c.....


All other nondurable


industries...


All manufacturing industries:
Total................................
Total, excluding transportation.....


r'*1rable


goods industries, total............


Primary metals,


Blast furnaces


Fabricated metal products................


Machinery,


except


electrical, total.......


Engines and turbines.. ................
Construction, mining, and material
handling equipment...... ..... .....
Mbtalworking machinery...... ...........
General industrial machinery............
Electrical machinery, total...............


Electrical


transmission


Shipments


53,257


23,548
7,778
1,721


53,283
46,176
29,697
4,614
2,110
2,980
5,538
477

676
350
504


equipment and industrial apparatus..... 852 7
Household appliances, including radio
and TV................................. 737 7!
Communication equipment................. 1,164 1,0
Transportation equipment, total........... 7,720 7,11
Aircraft, missiles, and parts........... 2,575 2,4
All other durable goods industries....... 5,690 5,7

N.*raiirshTo ancrvia inrlu.raa.e +rn+a. P3-572 ons 4


23.388


54,647
46,945
30,718
1,423
4,887
2,305
2,582
3,105
300
5,590
434
568

738
306
506
3,690

736

660
1.094


23,929


Total inventories


91,014
76,566
59,401

2,412
7,676
4,117
3,559
6,274
706
11,926
892
938

2,046
1,044
986
8,764

1,828


1,UJ
985
8,592

1,773

1,951
2,515
.4,186
4,226
8,311
2,275
5.436


91,759
77,247
59,946
2,495


59,293


New orders Unfilled orders


5,740

i1n


55,913
47,859
31,928
4,992
2,372
3,299
5,935
516

781
413
508
3,846

840

647
1,116


-* .1 "fl 3


55,696
48,063
31,449
4,997
2,374


84,994


9,716


3,481 13,272 13,2

3,402 3,273 3,2

682 707 E
5,594 5,492 5,5
,,414 34,086 34,2
7,005 27,173 27,3
5,072 6,024 6,0

L.124 i ri a r


10,055


,1. t 1


I 1


8,967


un
-
u a en


and distribution


radio


goods











SHIPMENTS, INVENTORIES, AND ORDERS, FOR MARKET CATEGORIES AND SUPPLEMENTARY SERIES


(Millions


of dollars)


Without seasonal a n ajse Without seasonal
Seasonally adjusted adjustment1 Seasonally adjustedadjustment
Industry group
April Marce Feb. April March April April March Feb. April March April
1969 1969 1969 1969p 1969 1968 1969 1969r 1969 1969p 1969 1968

Shipments Total inventories

All manufacturing industries, total.. 53,257 53,078 53,302 54,647 55,254 50,068 91,014 90,317 89,556 91,759 90,885 85,069
Durable goods industries, total............ 29,702 29,530 29,914 30,718 31,054 27,834 59,401 58,978 58,282 59,946 59,293 55,208
Nondurable goods industries, total......... 23,555 23,548 23,388 23,929 24,200 22,234 31,613 31,339 31,274 31,813 31,592 29,861
Industry groups arranged by market
categories:
Home goods and apparel................... 4,730 4,703 4,715 4,624 5,025 4,447 9,735 9,667 9,490 9,944 9,648 9,034
Consumer staples......................... 9,956 9,927 9,841 9,883 10,029 9,085 11,872 11,830 11,807 11,789 11,849 11,290
Equipment and defense products, except
automotive.............................. 8,927 8,738 8,828 9,198 9,247 7,996 23,068 22,970 22,753 23,396 23,195 21,560
Automotive equipment..................... 4,574 4,572 4,764 4,924 5,005 4,546 5,303 5,332 5,235 5,288 5,373 4,979
Construction materials, supplies, and
intermediate products................... 4,472 4,517 4,637 4,621 4,476 4,119 7,735 7,640 7,540 7,880 7,773 6,736
Other materials and supplies and
intermediate products................... 20,598 20,621 20,517 21,397 21,472 19,875 33,301 32,878 32,731 33,462 33,047 31,470
Supplementary series:
Consumer durable goods industries........ 2,170 2,126 2,165 2,074 2,216 1,891 4,868 4,821 4,717 4,984 4,810 4,468
Machinery and equipment industries........ 6,207 6,212 6,263 6,414 6,579 5,822 14,837 14,702 14,494 14,975 14,792 13,894
Defense products industries (old series). 4,119 4,001 4,009 4,156 4,159 3,762 11,810 11,741 11,675 11,982 11,837 10,770
Defense products (new series)s........... 2,017 1,875 1,851 2,041 1,954 1,951 7,376 7,327 7,324 7,482 7,383 6,963

New orders Unfilled orders

All manufacturing industries, total.. 54,539 53,283 53,901 55,913 55,696 50,453 89,550 88,267 88,064 89,742 88,480 85,640
Durable goods industries, total........... 30,967 29,697 30,482 31,928 31,449 28,172 86,426 85,159 84,994 86,587 85,380 82,550
Nondurable goods industries, total......... 23,572 23,586 23,419 23,985 24,247 22,281 3,124 3,108 3,070 3,155 3,100 3,090
Industry groups arranged by market
categories:
Home goods and apparel.................... 4,744 4,801 4,764 4,641 5,046 4,417
........... .... .... 9 2,329 2,328 2,238 2,210 2,213 1,969
Consumer staples......................... 9,944 9,920 9,845 9,865 10,014 9,082 2 2,2 2, *21 2,1 1
Equipment and defense products, except
automotive.............................. 9,331 8,719 9,520 9,735 9,296 8,639 96 48310 48317 48398 47834 45306
Automotive equipment.................... 4,654 4,581 4,743 4,954 4,955 4,535 8,796 48,310 48,317 48,398 47,83 45,306
Construction materials, supplies, and
intermediate products................... 4,571 4,493 4,507 4,870 4,588 4,246 10,113 10,013 10,038 10,416 10,166 9,263
Other materials and supplies and
intermediate products................... 21,295 20,769 20,522 21,848 21,797 19,534 28,312 27,616 27,471 28,718 28,267 29,102
Supplementary series:2
Consumer durable goods industries........ 2,167 2,204 2,235 2,053 2,220 1,823 1,908 1,911 1,834 1,788 1,811 1,515
Machinery and equipment industries....... 7,126 6,414 6,511 7,334 6,818 5,683 23,608 22,691 22,489 23,590 22,671 20,658
Defense products industries (old series). 4,034 3,806 4,392 4,040 4,009 4,429 33,266 33,350 33,546 32,909 33,025 33,373
Defense products (new series)*........... 2,071 2,152 2,313 2,058 2,262 1,472 22,579 22,526 22,249 22,340 22,323 20,400


*During 1968 manufacturers in
figures on shipments, orders, a
in these new defense series. S


ordnance, c


communication


aircraft and


nd total inventories of work performed


aircraft parts, and
for Department of Def


since there is no historic data available to develop


separate


shipbuilding industries
ense. The results of t
seasonal factors for t


began to provide aggregate
hese reports are included
hese reporters, the data


has been seasonally
for trading-day and
regroupings of the


adjusted
calendar
separate i


using


the factors of


month variation; u
industry categories


these industries.


filled


orders


as follows:


~Preliminary.


and inventories as


Revised,.


of end of month.


1Shipments and new orders adjusted


2The supplementary


Consumer


Machinery


durable


goods


industries


- Household
household


- Machinery,


furniture;
appliances;


except


kitchen


electrical


goods,


(excluding


and pottery; cutlery, handtools, and hardware;


watches,


and clocks;


and miscellaneous personal goods.


farm machinery and equipment and machine shops),


Defense


products


industries


(old series)


electrical
electronic


of nondefense
industry.)


machinery
components


(excluding household appliances, communication equipment and


),


shipbuilding and


repairing,


and railroad and


street


car equipment.


in the communication equipment, complete aircraft,


(Thus,
nd omits


this series includes
defense work performed


significant amounts
d in the shipbuilding


work in


these industries


a


Defense


products


(new series)


- Based


on separate


reports


on defense work filed


by large


defense


d


contractors


aircraft, aircraft parts, and shipbuilding.


excludes


industries: ordnance, communications, complete


es


k in ordnance, communications, complete aircraft, an
to those published annually in the MA-175, Shipments


aircraft


parts.


hus, it
non-


The data


of Defense-Oriented Industries


and equipment industries


articles


ophthalmic


series


- Baxed on reports for companies classified


aircraft parts, and ordnance industries.


differs fro
defense wor
comparable
the specific


m the old seri


industries.


in that it includes defense activity in shipbuilding and


in the following


ed











Table 3.--MANFACTURERS' SHIPMENTS, INVENTORIES, AND ORDERS NONTH-TO-ME3NTH AND LONG TERM PERCENT


(Based on


seasonally


adjusted


Month-to-month-1969 Average, 1963-1968 Average monthly rates of change

3 months 6 months 12 months
Item and industry group ^ ,j _^ ^------------
Item and industry group March- Feb.- Jan.- Average Average
April March Feb. Rise Decline Jan.-April Oct. 1968- April 1968-
1969 April 1969 April 1969
Shipments:
All manufacturing industries........... +.3 -0.4 +0.9 +1.4 -1.1 +0.3 +0.2 +0.8
Durable goods industries, total.......... +.6 -1.3 +2.0 +2.1 -2.0 +0.4 +0.5 +0.9
Nondurable goods industries, total....... 0.0 +0.7 -0.4 +1.0 -0.5 +0.1 0.0 +0.6
Total inventories:
All manufacturing industries........... +.8 +0.8 +0.7 +0.7 -0.2 +0.8 +0.6 +0.6
New orders:
All manufacturing industries........... +2.4 -1.1 +1.5 +1.8 -1.6 +0.9 +0.2 +0.
Durable goods industries, total.......... +4.3 -2.6 +2.7 +3.2 -2.4 +1.5 +0.4 +1.1
Nondurable goods industries, total....... -0.1 +0.7 -0.1 +1.1 -0.6 +0.2 0.0 +0.6
Unfilled orders:
Durable goods industries, total.......... +1.5 +0.2 +0.7 +1.2 -0.7 +0.8 +0.9 +0.4










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

(Based on seasonally adjusted data)
ine e st Unfilled orders shipments ratio1
Inventories shipments ratio
(months' backlog)
Industry group
April March Feb. April April March Feb. April
1969 1969r 1969 1968 1969' 1969r 1969 1968

All manufacturing industries, total.................. 1.71 1.70 1.68 1.73 2.69 2.67 2.65 2.83
Durable goods industries, total............................ 2.00 2.00 1.95 2.04 3.24 3.21 3.18 3.41
Stone, clay, and glass products........................ 1.71 1.64 1.63 1.45 (NA) (NA) (NA) (NA)
Primary metals................................*........... 1.68 1.67 1.65 1.81 1.51 1.44 1.43 1.84
Fabricated metals........................................ 2.05 2.12 2.02 2.02 3.57 3.68 3.54 3.44
Machinery, except electrical............................ 2.25 2.23 2.19 2.34 2.97 2.90 2.84 3.02
Electrical machinery..................................... 2.34 2.34 2.33 2.39 3.60 3.56 3.60 3.70
Transportation equipment................................. 1.95 1.97 1.90 1.98 6.98 7.19 7.15 7.55
Instruments and related products......................... 2.17 2.15 2.10 2.28 (NA) (NA) (NA) (NA)
Nondurable goods industries, total......................... 1.34 1.33 1.34 1.36 0.48 0.48 0.47 0.50
Food and kindred products............................... .95 0.93 0.95 1.00 () (X) (X) (X)
Tobacco products......................................... 5.23 5.42 5.31 5.71 (X) (X) (X) (X)
Textile mill products.................................... 2.05 1.99 2.03 1.95 (NA) (NA) (NA) (NA)
paper and allied products............................... 1.11 1.11 1.10 1.16 (NA) (NA) (NA) (NA)
Chemicals and allied products............................ 1.59 1.59 1.53 1.53 (X) (X) (X) ((X)
Petroleum and coal products.............................. 1.04 1.05 1.07 1.08 (X) (X) (X) (X)
Rubber and plastics products, n.e.c...................... 1.33 1.36 1.38 1.44 (X) (X) (X) (X)


(NA) Not available.


~Pre1iminary.


Revised.


1Excludes the following industries with no unfilled


vehicle assembly operations; foods a
rubber and plastics products, n.e.e.


nd related products


(X) Nc
orders: Wo
; tobacco;


4t applicable.
loden containers;


glass containers;


apparel and related products; chemicals;


petroleum and coal


metal cans, barrels and drums;


motor


products;









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


(Millions of dollars)
n a t Without seasonal Without seasonal
Seasonally adjusted adjustment Seasonally adjusted adjus-nt
Industry group
April March Feb. April March April April March Feb. April March April
1969P 1969r 1969 1969P 1969r 1968 1969P 1969r 1969 1969P 1969' 1968

Total Materials and supplies

All manufacturing industries, total.. 91,014 90,317 89,556 91,759 90,885 85,069 28,570 28,499 28,167 28,513 28,496 27,270
Durable goods industries, total............. 59,401 58,978 58,282 59,946 59,293 55,208 16,873 16,980 16,613 16,693 16,763 15,913
Stone, clay, and glass products.......... 2,412 2,361 2,372 2,495 2,440 1,992 767 743 752 761 742 637
Primary metals........................... 7,676 7,627 7,554 7,565 7,588 7,605 2,790 2,824 2,765 2,626 2,681 2,654
Machinery (electrical and nonelectrical). 20,690 20,572 20,330 20,979 20,705 19,524 5,000 5,003 4,935 5,007 4,972 4,808
Transportation equipment................. 14,448 14,350 14,186 14,512 14,417 13,322 3,313 3,388 3,301 3,293 3,392 3,242
All other durable goods industries....... 14,175 14,068 13,840 14,395 14,143 12,765 5,003 5,022 4,860 5,006 4,976 4,572
Nondurable goods industries, total......... 31,613 31,339 31,274 31,813 31,592 29,861 11,697 11,519 11,554 11,820 11,733 11,357
Chemicals and allied products............ 6,276 d,177 6,088 6,356 6,295 5,729 2,153 2,123 2,091 2,170 2,138 1,998
Petroleum and coal products.............. 2,065 2,069 2,076 2,060 2,066 1,950 471 469 474 485 476 403
Rubber and plastics products, n.e.c...... 1,796 1,799 1,831 1,832 1,833 1,699 572 559 575 562 548 527
All other nondurable goods industries.... 21,476 21,294 21,279 21,565 21,398 20,483 8,501 8,368 8,414 8,603 8,571 8,429

Work in process Finished goods

All manufacturing industries, total.. 32,490 32,207 31,975 32,734 32,373 29,974 29,954 29,611 29,414 30,512 30,016 27,825
Durable goods industries, total........... 27,495 27,264 26,961 27,741 27,456 25,449 15,033 14,734 14,708 15,512 15,074 13,846
Stone, clay, and glass products.......... 371 368 384 404 399 318 1,274 1,250 1,236 1,330 1,299 1,037
Primary metals........................... 2,619 2,573 2,535 2,621 2,613 2,620 2,267 2,230 2,254 2,318 2,294 2,331
Machinery (electrical and nonelectrical). 9,969 9,879 9,769 10,049 9,933 9,294 5,721 5,690 5,626 5,923 5,800 5,422
Transportation equipment................. 9,660 9,561 9,436 9,726 9,600 8,860 1,475 1,401 1,449 1,493 1,425 1,220
All other durable goods industries....... 4,876 4,883 4,837 4,941 4,911 4,357 4,296 4,163 4,143 4,448 4,256 3,836
Nondurable goods industries, total......... 4,995 4,943 5,014 4,993 4,917 4,525 14,921 14,877 14,706 15,000 14,942 13,979
Chemicals and allied products............ 996 945 952 994 947 848 3,127 3,109 3,045 3,192 3,210 2,883
Petroleum and coal products.............. 470 488 474 464 481 434 1,124 1,112 1,128 1,111 1,109 1,113
Rubber and plastics products, n.e.c...... 309 313 324 308 313 296 915 927 932 962 972 876
All other nondurable goods industries.... 3,220 3,197 3,264 3,227 3,176 2,947 9,755 9,729 9,601 9,735 9,651 9,107


~Pre1imiflaTy.
TRid

























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