These Two Series Were Initiated By The Bureau Of The Census In 1963, In Connection With A Major Revision Of The Former Monthly "Industry Survey" Of The Office Of Business Economics. Data On Six Market Categories, Which Cut Across Major Industry Groupings Were Introduced In The New Series. The Market Category "Construction Materials, Supplies, And Intermediate Products" Includes Lumber And Wood Products, Excluding Wooden Containers; Building Paper; Paints And Related Products; Paving And Roofing Materials; All Stone, Clay, And Glass Products, Excluding Glass Containers And Kitchen Articles; And Fabricated Metal Building Materials And Wire Products. Data Are Collected From A Sample Panel Of Manufacturing Companies. They Are Reported Separately For Units Within A Company Which Are Reasonably Homogeneous As To Type Of Activity. These Units May Be Subsidiaries, Divisions, Departments, Or Plants, Depending Upon The Structure And Activities Of The Particular Firm. Monthly Shipment Estimates Are Based On The Sample, And Data From The "Annual Survey Of Manufactures" Are Used As Annual Benchmarks. The Latter Are Establishment-Based Data, In Contrast To The Company-Based Data From "Statistics Of Income" Which Were Used As Benchmarks In The Former "Industry Survey". As An Interim Procedure, Pending Further Study Of The Proper Level For August 1962 Was Established By Relating The Ratio Of Unfilled Orders To Shipments (From The Sample) To The August 1962 Shipments Estimates For Each Detailed Category. The Estimates For New Orders Are Net Of Cancellations. They Are Derived By Adding The Change In Unfilled Orders Between The Current And Previous Month To The Shipments Estimate. Tabulation Of The Series On The New Benchmark Basis Was Begun With January 1960 Data. Approximately Comparable Monthly Data Were Developed For 1953-1959. Seasonal Adjustment Is By The Source. Data Shown Without Seasonal Adjustment Have Been Adjusted For Trading-Day And Calendar-Month Variation. The Source Includes A Detailed Description Of The Series And A Comparison Of The Shipment Data With The Federal Reserve Board Indexes Of Industrial Production. Source: January 1953-July 1963:"Manufacturers' Shipments, Inventories And Orders: 1947-1963 Revised", Series M3-1, Bureau Of The Census, 1963. August-December 1963:"Current Industrial Reports, Manufacturers' Shipments, Inventories And Orders", Series M3-1, Monthly Issues, October 1963 To January 1964. See Lipsey And Preston, P. 282
This NBER data series m02237 appears on the NBER website in Chapter 2 at http://www.nber.org/databases/macrohistory/contents/chapter02.html.
NBER Indicator: m02237
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2005-08-01
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2005-08-01
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