Current industrial reports

r..
* vn.4.;u djs 1 r
~ '!~. ,.


rt


manufacturers


' Shipments,

and Orders


stories


June


"~'%rN~ :%~ ~:4~*
is L'"h.'%. .. '4.-


*1~..
I%%~g A


1969


SERIES:


M3-1(69)-6


New orders for manufactured products at $53.6
billion in June decreased $500 million after seasonal
adjustment, the Bureau of the Census, U.S. Depart-
ment of Commerce, announced today.

Orders in the durable goods sector declined
approximately $1 billion to a total of $28.9 billion
following a significant decline in May. However,
the decline in durable goods was partially offset
by an increase of $500 million in new orders for
nondurable goods which increased to $24.7 billion.
For most nondurable industry groups, new orders
are equal to shipments. The drop in durable goods
new orders was largely attributable to the sizeable
decrease in orders in the aerospace industries,
although smaller declines occurred in the automotive,
electrical machinery, and fabricated metal indus-
tries. In the nondurable sector, orders increases
were widespread with the food industry registering
the largest monthly increase. Among the supple-
mental series, orders for defense products declined
$500 million reflecting the decreases in the aero-
space industry. Orders for consumer durables in-
creased $200 million to $2.2 billion for June and
orders for machinery and equipment increased $100
million to a June total of $6.5 billion. (SEE CHART 1)

4

SHIPMENTS

Manufacturers' shipments in June of $54.7 billion
were $900 million higher than the May total. The
overall increase in shipments was about equally
divided between durable goods which rose to $30.0
billion and nondurables which rose to $24.7 billion
In June. Nearly all durable industry groups recorded
moderate increases with a $200 million decline in
shipments of aerospace products, as the notable
exception. In the nondurable goods sector, the food
industries registered the most significant increases.
(SEE CHART 2)


Chart 1- Manufacturers' New Orders (Seasonally Adjusted)
,,,,....... ~Billions of Dolars*
._I 45


1965 1966 1967 1968 1969


Chart 2- Manufacturers Shipments (Seasonally Adjusted)
Billions of Dollars*
S85
75
70
65
60
55
Total
I 45


1966 1967 1968








UNFILLED ORDERS


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


Unfilled orders held by durable goods manufac-
turers at the end of June decreased $1.1 billion to
$85.8 billion as shipments exceeded new orders for
the first time in eleven months. The pattern of
change in unfilled orders by industry was mixed
with significant decreases in the transportation and
electrical machinery backlogs. The increase in
shipments of durable goods combined with the
decrease in backlog resulted in a decrease of the
unfilled orders-shipments ratio for durable goods
to 3.18 in June from 3.26 in May. (SEE CHART 3)


Durable Goods


*Semilog. scale
.,l,,I. 1 I ., 1 1 ,l,,1 1I, I i


ill,', 1111


INVENTORIES


Total invent


billion as of
from May
result of unc
increase i
shipments
1.71 in Ma
manufacture
billion whe


th
on
cha
tn
rati
y.
rs
rea


decreased their
billion. At t
million decre<
offset by incre
goods inventory


:ories of all manufacturers ,atL$2.1
e end of June were virtually unchanged
a seasonally adjusted basis. As a
nged inventories and the $900 million
total shipments, "the inventories-
Lo decreased to 1.69 in June from
The inventories of durable goods
increased $100 million to $60.3
s nondurable goods manufacturers
lr stocks by $100 million to $31.8
he all manufacturing level, a $200
ase in materials and supplies was
ases in work-in-process and finished
[es. (SEE CHART 4)


The figures on the durable goods industries in
this report supersede those issued earlier in the


advance report
is based on a
limited to stat
unfilled orders
The present
reporting, but
preliminary.
torical data
next month.


on durable goods


Stabu
istics
;for a
report
the
Final
in the


lation of
on shipme
few broad
is based
estimates
figures
Report


s. The advance report
early reports and is
ents, new orders, and
industry categories.
on more complete
are also considered
will appear as his-
to be published for


Chart 4- Total Inventory


(Seasonally Adjusted)


Billions of Dollars*


--


-- -


Total




Durable Goods




-----

Nondurable Goods


*Semilog. scale
,l, I ,,. I,, I,,I ,I,,I I J


a Alma I,. 1


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


III










Table I.--VALUE OF MANUFACTURERS' SHIPMENTS, INVENTORIES, AND CRDESS, BY INDUStRY GROUP
(Millions of dollars)

Without seasonal Without seasonal
Seasonally adjusted adjustment1 Seasonally adjusted adjustment
Industry group -- J- -- Ar Jn M
June May April Jun Mayr June Jun May April June May June
1969- 1969r 1969 1969 1969 1968 1969 1969 1969 1969p 1969r 1968


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.........
NMetal cans, barrels, and drums.........
Machinery, 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
andQ TV... ........4 ,....R.. *l.. ,
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....


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....e ......... .................
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. ............. .....
SAtalworking machinery........ ..........
General industrial machinery. ..........
Electrieal machinery, total...............
Electrical transmission and distribution
equipment and industrial apparatus.....
Household appliances, including radio
and TV... ...... ..... ..... ..... ....
Communication equipment*................
Transportation equipment, total..........
Aircraft, missiles, and parts...........
All other durable goods industries. .....*


Shipments


24,639


23,655


25,142


24,015


Total inventories


60,222
2,390


91,018
76,536
59,426
2,391


32,003


New orders Unfilled orders


30,944


56,483
49,309
31,306


30,175


3,113
5,667
447

764
340
500
3,616

744

670
915
7,232
2,211
5,670
.%s nn-\'r\


3,003
5,173
466

688
323
494
4,029

697

1,002
1,137
7,102


86,878


10,002


13,408


9,854


13,461

3,398

682
5.589


10,149


3,044
3,398

658
5,080
35,046
5,737
.- f, s ,-4


86~407


10,153


80,706


12,798


Nnndtrahln onfltls inAmtr1o~. tnttfl -,, mr *~s C ,cJ I ~ 'floE ~ 1J~~ *2 ~ 11001 icc


29,998


^ e









OF MANUFACTPRRS 1FS'


(Millions


of dollars)


Without seasonal Without seasonal
Seasonally adjusted Wihut1 Seasonally adjusted au
adjustment adjustment
Industry group
June May April June May June June May April June May June
1969p 1969r 1969 1969p 1969 1968 1969 1969r 1969 1969p 1969 1968


All manufacturing


Durable
Nondurab
Industry


categories
Home good
Consumer
Equipment


indo


goods industries, to
le goods industries,


groups


arranged


tries,
ttal .
total.


total..

* ** *4.. i
* .. .


market


:
s and apparel.........
staples.................


and defense


automotive....
Automotive equi]
Construction ma
intermediate p
Other materials
intermediate n


Supplementary seri
Consumer durable
Machinery and eq


products
products


terials,


* .
*. .. .


products, except


supplies,


products ... .
and supplies and
products ....... .


es:2
goods
uipment


industries.
industries


industries


. **. .. .
. *.,. .
and
. .

A A A A *


A *A*


(old series).


(new series)*..



ring industries
tries, total...


goods industries,


groups


arranged


, total..
. A A


total-.
market


apparel..........
es. ... .. ... ....


defense


products,


e
e


automotive...... ................
Automotive equipment.............


materials,


* A ** **A*
*. AA.. A
except
..* .* A A


supplies, and


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


Other materials and supplies and
intermediate products...........


es:2
goods


Machinery and equipment


products


industries.
industries


industries


Defense products (new


(old series


series )*...........


Shipments


53,741
29,573
24,168


4,820
10,116


53,298
29,643
23,655


57.350


25,142


54,406
30,391
24,015


4,377
10,060

9,005
4,837

4,695


New orders


53,630
28,945
24,685


5,057
10.373

7,979
4,537


54.133


4,561

21,337

2,026
6,428
3,811
1,787


4.642


56,483
31,306
25,177


4,888
10,602


52,469
28,866
23,603


Total inventories


92,142
60,338
31,804


9,645
12,158

23,784
5,288

7,762

33,505

4.868


92,139
60,222
31,917


9,850
12,039

23,582
5,323

7,714

33.631


91,018
59,426
31,592


9,738
11,903

23,066
5,330
7,723

33,258

4,867
14,852
11,824


92,426
60,721
31,705


10,183
11,786

23,942
5,066

7,891

33,558

5,115


92,808


10,380
11,796

23,798
5,253

7,871

33,710

5.178


Unfilled orders


88,938
85,784
3,154



}2,161


48,007

10,172

28,598

1,766
24,010
31,805
21.791


89,986
86,878
-% ^^


2,208


48,913

10,190

28,675

'1,805
23,836
32,931
22,383


603 88


85,502
3,222



2,177


47,708

10,393

28,446

1,761
24,012
31,410
21,515


86,461
3,142



2,328


48,863

10,124

28,288

1,909
23,627
33,237
22,567


89,595
86,407
3,188



2,187


48,252

10,439

28,717

1,757
23,865
32,158
21,890


*During 1968 manufacturers in ordnance,


communications, aircraft and aircraft parts, and shipbuilding


industries


began to provide aggregate


figures on shipments,
in these new defense


orders,
series.


and total


inventories


of work performed for Department of Defense.


Since there is no historic data available to develop separate seasonal


The results of these reports are included


factors


for these reporters, the data


has been seasonally adjusted using the factors of these


industries.


~Pmli~y.


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


rRevised.


as of end of month.


1Shiprents and new orders adjusted


2The supplementary


series


Consumer durable goods industries

Machinery and equipment industries


Defense products industries (old


- Household furniture; kitchen


articles


household appliances; ophthalmic goods, watches, and


locks;


and miscellaneous personal goods.


- Machinery, except electrical (excluding farm machinery and equipment and machine shops),
electrical machinery (excluding household appliances, comnunication equipment and


series


aircraft parts, and ordnance industries.


(Thus, this


series


includes significant amounts


Defense products (new


series)


of nadefense work in these industries and omits defense work performed in the shipbuilding
industry.)
- Based ncm separate reports an defense work filed by large defense contractors in the following
industries: ordnance, camamicatians, 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, communicatians, complete aircraft, and aircraft parts.


The data are


comparable to those published annually in the MA-175, Shipments of Defense-Oriented Industries, for


the specified


Defense
Defense


All manufactu
Durable goods indus


Nondurable
Industry g


categories:
Home goods and
Consumer staple


Equipment and


Construction
intermediate


Supplementary seri
Consumer durable


Defense


and pottery; cutlery, handtools, and hardware;


electronic components), shipbuilding and repairing, and railroad and street car equipment.
s) Based on reports for capanies classified in the c

I


* .


*g









Table 3.--iMNUFACTURERS' SIPME S, INVETCRIES, AND ORDERS IMtH-TO-NTHO AND


(Based cam seasonally


adjusted


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

3 months 6 months 12 months
Item and industry group May- April- March- Average Average --- ----
June May April rise decline March- Dec. 1968- June 1968-
June 1969 June 1969 June 1969

Shipments:
All manufacturing industries........... +1.7 40.8 +0.4 +1.4 -1.1 +1.0 l.0O +0.6
aDurable goods industries, total.......... +1.6 -0.2 +0.4 +2.1 -2.0 +0.6 +1.4 40.8
Mcndurable goods industries, total....... +1.9 +2.2 +0.5 +1.0 -0.5 +1.5 40.6 +0.5
Total inventories:
All manufacturing industries........... 0.0 +1.2 +0.8 +0.7 -0.2 +0.7 40.7 40.6
New orders:
All manufacturing industries........... -0.9 -0.9 +2.5 +1.8 -1.6 +0.2 +0.2 +0.6
Durable goods industries, total.......... -3.5 -3.1 44.2 +3.2 -2.4 -0.8 -0.2 -0.7
SNadurable goods industries, total....... +2.3 +1.9 +0.4 +1.1 -0.6 +1.5 +0.7 +0.5
Uitilled orders:
Durable goods industries, total.......... -1.3 +0.5 +1.5 +1.2 -0.7 +0.2 *0.3 *0.5










Table 4.--RATIO OF kMNUFACTrUS' INVE ftIES TO SIMBNTS AND UNFTJh)LED CDERS TO S HPMENmS, BY INDUSTRY GROUP

(Based an seasonally adjusted data)

I te s rt Unfilled orders shipments ratio1
Inventories shipments ratio (n.ths' backlog)
(nnnths' backlog)
Industry groy-
June May April June June May April June
1969p 1969 1969 1968 1969p 1969 1969 1968

All annufactariug industries, total.................. 1.69 1.71 1.71 1.69 2.65 2.70 2.69 2.72
Durable goods industries, total............................ 2.01 2.04 2.00 2.01 3.18 3.26 3.24 3.28
Stone, elay, and glass products........................ 1.77 1.70 1.68 1.55 (NA) (NA) (NA) (NA)
Primary eintals......................................... 1.63 1.67 1.68 1.63 1.48 1.50 1.50 1.43
Fabricated metals...................... ........... 2.09 2.12 2.05 2.12 3.66 3.75 3.57 3.53
Machinery, except electrical............................ 2.25 2.31 2.26 2.34 3.01 3.07 2.99 3.00
Electrical mchiner~ry ................................... 2.26 2.38 2.34 2.32 3.32 3.56 3.60 3.56
Transportation equipment. .*..,................... 2.06 2.02 1.97 2.00 7.29 7.06 7.05 7.48
Instruments and related products......................... 2.01 2.12 2.16 2.16 (NA) (NA) (NA) (NA)
Ncndurable goods industries, total......,................. 1.29 1.32 1.34 1.30 0.47 0.47 0.48 0.50
Food and kindred products................................. 0.93 0.94 0.94 0.97 (X) (X) (X) (X)
Tobacco products......................................... 5.27 5.03 5.23 5.71 (X) () (X) (X)
Textile mill products........ .......................... 2.02 2.04 2.04 1.91 (NA) (NA) (A) (NA)
Paper and allied products.... .................. ........ 1.08 1.10 1.10 1.14 (NA) (NA) (NA) (NA)
Chemicals and allied products............................ 1.57 1.56 1.60 1.43 (X) (X) (X) (X)
Petroleum and coal products............................. 1.00 1.00 1.04 1.06 (X) (X) (X) (X)
Rubber and plastics products, n.e.e..................... 1.24 1.38 1.36 1.43 (X) (X) (X) (X)


(Ml) Hot available. PPreliziay. rRevised. (X) Not applicable.
lExcludes the following industries with no unfilled orders: Wooden containers; glass containers; metal cans, barrels and drums; mntor


vehicle assembly operations; foods and related products; tobacco; apparel and related products; chemicals; petroleum and
rubber and plastics products, n.e.c.


coal products; and










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

(Millions of dollars)
n a s Without seasonal ajseWithout seasonal
Seasonally adjusted adjusmentSeasonally adjusted adutm.
-v vad justment "adjustment
Industry group
June May April June May June June May April June May June
1969p 1969r 1969 1969 1969 1968 1969 1969r 1969 1969 1969r 1968

Total Materials and supplies

All manufacturing industries, total., 92,142 92,139 91,018 92,426 92,808 85,775 28,665 28,838 28,607 28,379 28,629 27,549
Durable goods industries, total............ 60,338 60,222 59,426 60,721 60,805 55,756 16,989 17,055 16,935 16,875 16,895 16,380
Stone, clay, and glass products........,.. 2,430 2,390 2,391 2,479 2,472 1,996 759 759 761 767 758 642
Primary metals........................... 7,798 7,764 7,682 7,691 7,641 7,401 2,815 2,843 2,814 2,727 2,696 2,744
Machinery (electrical and nonelectrical). 21,087 21,106 20,708 21,347 21,460 19,696 5,111 5,117 5,024 5,136 5,128 4,901
Transportation equipment................... 14,717 14,689 14,482 14,559 14,646 13,439 3,266 3,332 3,348 3,153 3,289 3,261
All other durable goods industries....... 14,306 14,273 14,163 14,645 14,586 13,224 5,038 5,004 4,988 5,092 5,024 4,832
Nondurable goods industries, total......... 31,804 31,917 31,592 31,705 32,003 30,019 11,676 11,783 11,672 11,504 11,734 11,169
Chemicals and allied products............ 6,344 6,336 6,255 6,314 6,314 5,623 2,174 2,194 2,163 2,174 2,185 1,969
Petroleum and coal products.............. 2,081 2,077 2,061 2,061 2,071 2,002 460 471 470 471 482 416
Rubber and plastics products, n.e.c...... 1,808 1,837 1,811 1,810 1,846 1,695 551 581 578 554 577 549
All other nondurable goods industries.... 21,571 21,667 21,465 21,520 21,772 20,699 8,491 8,537 8,461 8,305 8,490 8,235

Work in process Finished goods

All manufacturing industries, total.. 33,031 32,888 32,433 33,115 33,107 30,174 30,446 30,413 29,978 30,932 31,072 28,052
Durable goods industries, total............ 28,076 27,872 27,463 28,116 28,050 25,522 15,273 15,295 15,028 15,730 15,860 13,854
Stone, clay, and glass products.......... 383 371 371 396 396 301 1,288 1,260 1,259 1,316 1,318 1,053
Pr mnry metals.......................... 2,668 2,612 2,609 2,632 2,603 2,473 2,315 2,309 2,259 2,332 2,342 2,184
Machinery (electrical and nonelectrical). 10,134 10,102 9.948 10,145 10,196 9,271 5,842 5,887 5,736 6,066 6,136 5,524
Transportation equipment................. 9,954 9,854 9,657 9,901 9,837 8,993 1,497 1,503 1,477 1,505 1,520 1,185
All other durable goods industries....... 4,937 4,933 4,878 5,042 5,018 4,484 4,331 4,336 4,297 4,511 4,544 3,908
Nondurable goods industries, total......... 4,955 5,016 4,970 4,999 5,057 4,652 15,173 15,118 14,950 15,202 15,212 14,198
Chemicals and allied products........... 934 943 955 930 934 847 3,236 3,199 3,137 3,210 3,195 2,807
Petroleum and coal products.............. 479 476 468 486 484 461 1,142 1,130 1,123 1,104 1,105 1,125
Rubber and plastics products, n.e.c...... 321 315 319 317 314 300 936 941 914 939 955 846
All other nondurable goods industries.... 3,221 3,282 3,228 3,266 3,325 3,044 9,859 9,848 9,776 9,949 9,957 9,420


~Pre1iminary.
rRId
























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