Table 2.--VALUE OF MANUFACTURERS' INVENTORIES FOR INDUSTRY GROUPS AND SELECTED INDUSTRIES, END OF YEAR: (Value figures in thousands of dollars) 1953, 1952, AND 1947--Continued 113 Withheld because the estimate did not meet publication standards, either on the basis of the associated standard error of estimate or on the basis of consistency review. The estimates for end of year 1952 are the tabulated "Beginning of year 1953" inventory figures reported in the 1953 Annual Survey of Manufactures. Some 1952 figures shown in this table, therefore, may differ materially from those shown in the 1952 Annual Survey publication, (which were based on 1952 Annual Survey reports). Such changes appear because of (a) revisions reported by the manufacturers, (b) changes in the industry classification of some establishments, and (c) revisions in the design of the sample. 2In the 1947 Census of Manufactures, smaller establishments submitting "short" form reports were not asked to report inventory data. The understatement of value of inventories resulting from this is negligible. For a measure of the degree of understatement see Chapter V of Volume I, "General Summary," Census of Manufactures, 1947. The percentage standard errors shown in this column indicate the differences that can be expected between the estimates and comparable complete canvass totals, because of sampling fluctuations. The estimates will differ from the complete totals by less than: i) The percentage shown: approximately 2 times out of 3. (ii) Twice the percentage shown: approximately 19 times out of 20. (iii) Three times the percentage shown: almost always. The standard errors shown for the "Finished products" estimate may be used as an approximation of the errors for the "Work in process" and "Materials, etc." estimates. Includes data for Sausage casings (Industry 2014). Includes data for Liquid, dried, and frozen eggs (Industry 2090) and Vinegar and cider (Industry 2096). Includes data for Fuel briquets and packaged fuel (Industry 2991). Includes data for Graphite; ground or blended (Industry 3294). 10Includes data for Sand-lime products (Industry 3296). 11Includes data for Blast furnaces (former SIC Industry 3311) and Steel works and rolling mills (former SIC Industry 3312). Separate figures for each industry by type of inventory are as follows: 450,488 40,951 21,244 388,293 408,051 23,361 21,018 363,672 223,015 1 1,483,169 389,951 483,384 609,834 1,310,161 295,119 431,676 583,366 742,847 1 1 12 The 1953 and 1952 data for Industries 3811 (Scientific Instruments), 3821 (Mechanical Measuring Instruments), 3831 (Optical Instruments) and 3861 (Photographic Equipment) are not strictly comparable with data shown for 1947. This is due to an error made in 1947 in the Industry classification assigned to several establishments. The effect of this change is small for industries 3811, 3821, and 3861, but for Industry 3831 it would represent an addition of approximately 50 percent to the total inventories estimate for 1947. 13 Includes privately owned and/or operated establishments classified in Industry Group 19, "Ordnance and accessories." Government owned and CHAPTER IV: EXPENDITURES FOR PLANT AND EQUIPMENT 1953 Table 1.--MANUFACTURERS' EXPENDITURES FOR NEW PLANT AND NEW EQUIPMENT, BY MAJOR INDUSTRY GROUPS: (DOLLAR FIGURES IN THOUSANDS. Estimates for "Establishments Under Construction" (Columns G, H, and I) cover expenditures during 1953 for new manufacturing establishments, or renovation of idle establishments that were not in operation at any time in that year. Data for establishments under construction were obtained for the first time in the 1951 Annual Survey; statistics published in surveys and censuses prior to 1951 do not include such expenditures.) The percentage standard errors shown in this column indicate the differences that can be expected between the estimates and comparable complete canvass totals because of sampling fluctuations. The estimates will differ from the complete totals by less than: (1) The percentage shown: approximately 2 times out of 3. Standard errors are available only for the total expenditures for "All establishments" and "Establishments in operation" estimates, and, as shown in footnote 2, for establishments under construction. In past Annual Surveys the percentage standard errors for the new machinery and equipment estimates were generally the same or one or two percentage points higher than the errors of the corresponding total estimates. The percentage standard error for the new structures and additions to plant estimates were more variable and ranged between one and three times the errors of the corresponding totals. 2The estimates presented in Columns G, H, and I include (1) the total expenditures reported by the 900 "largest" companies; (2) expenditures by other companies in the Annual Survey sample which appeared on available lists of companies which had new plants under construction; and (3) an estimate of expenditures by all other companies, as determined from a subsample of respondents in the annual survey. The latter subsample yielded estimates of zero, except in six (6) major industry groups groups 20, 22, 23, 28, 34, and 35. These subsample estimates are included in the published figures shown for these groups, as well as in the "All industries" total. The sampling variations for the published totals that include the subsample estimates are as follows: Includes privately owned and/or operated establishments classified in Industry Group 19, "Ordinance and accessories." Government owned and Table 2.--MANUFACTURERS' EXPENDITURES FOR NEW PLANT AND NEW EQUIPMENT, FOR THE UNITED STATES, BY STATES: 1953 (DOLLAR FIGURES IN THOUSANDS. Totals for the United States and for divisions include the estimates for all States, whether or not separate data are shown for the individual States. Expenditure estimates are not shown for "Establishments under construction" for a State if the standard error of the "Total expenditures" figure exceeds 30 percent. The breakdown of a published total, by expenditures for plant and expenditures for equipment, is not shown when the standard error of either detail item exceeds 30 percent. Unpublished estimates, including those which can be derived by subtraction, are generally unreliable. Estimates for "Establishments under construction" (Columns G, H, and I) cover expenditures during 1953 for new manufacturing establishments, or renovation of idle establishments, that were not in operation at Data for establishments under construction were obtained for the first time in the 1951 Annual Survey; statistics censuses prior to 1951 do not include such expenditures.) year. any time in that published in surveys and ANNUAL SURVEY OF MANUFACTURES: 1953 Table 2.--MANUFACTURERS' EXPENDITURES FOR NEW PLANT AND NEW EQUIPMENT, FOR THE UNITED STATES, BY STATES: 1953--Continued withheld to avoid disclosure of data for individual companies. Where the symbol "d" appears for a State under the heading "Establishments under construction" (columns G, H, and I), the withheld data have been excluded from the "All Establishments" figures for that State (columns A, B, and C) but have been included in the corresponding goegraphic division totals for "Establishments under construction" and "All Establishments." SWithheld because the estimate did not meet publication standards, either on the basis of the associated standard error of estimate or on the basis of consistency review. Specific standard errors of the division and State estimates are not available except for establishments under construction as indicated in footnote 2 below. For estimates of $100 million or more, the standard errors tend to be 5 percent or less; for estimates of $20 million to $100 million, the standard errors tend to lie between 3 percent and 10 percent; for estimates of $10 million to $20 million, the standard errors tend to lie between 5 percent and 20 percent; while for estimates of less than $10 million, the standard errors are apt to range between 5 and 30 percent. These ranges are only general guides. For any particular estimate in the table, the actual standard error may vary considerably from the modal ranges. 2The estimates presented in columns G, H, and I include (1) the total expenditures reported by the 900 "largest" companies; (2) expenditures by other companies in the Annual Survey sample which appeared on available lists of companies which had new plants under construction; and (3) an estimate of expenditures by all other companies as determined from a subsample of respondents in the annual survey. The latter subsample yielded estimates of zero, except in five (5) States Ohio, Wisconsin, Mississippi, Washington, and California. These subsample estimates are included in the published figures shown, as well as in the "United States" total. The sampling variations for the published totals that include the subsample estimates are as follows: *The percentage standard errors shown in this column indicate the differences that can be expected between the estimates and comparable comcomplete canvass totals because of sampling fluctuations. The estimates will differ from the complete totals by less than: (1) The percentage shown: approximately 2 times out of 3. Table 3.--MANUFACTURERS' EXPENDITURES FOR NEW PLANT AND NEW EQUIPMENT FOR ESTABLISHMENTS IN OPERATION, BY INDUSTRY GROUPS: 1953, 1952, AND 1947 (DOLLAR FIGURES IN THOUSANDS. Major industry group (2-digit) totals and the "All industries" estimates include the estimates for all component industry groups, whether or not separate data are shown for the individual industry groups (3-digit). Expenditures estimates are not shown for an industry group if they are inconsistent with related data, or the standard error of the total expenditures figure exceeds 30 percent. The breakdown of a published total, by expenditures for plant and expenditures for equipment, is not shown if the standard error of either detail item exceeds 30 percent. Unpublished estimates, including those which can be derived by subtraction, are generally unreliable.) ALL INDUSTRIES, TOTAL.. 20 Food and kindred products. 25 Furniture and fixtures. 26 Paper and allied products.. 27 Printing and publishing industries. 28 Chemicals and allied products... 29 Petroleum and coal products.... 30 Rubber products..... 31 Leather and leather products... 37 Transportation equipment..... 7,541,606 2,321,377 5,220,229 *7,525,923 2,385,164 *5,140,759 6,003,873 2,122,143 3,881,730 1 1 2 1 833,410 506,967 326,443 1,170,976 526,658 154,193 22,338 6,544 22,726 15 2 1 2 322,668 79,072 54,657 9,947 44,710 83,945 22,114 61,831 5 7 10 8 135,792 171,574 |