Notice2023-15186
Agency Information Collection Activities; Submission to the Office of Management and Budget (OMB) for Review and Approval; Comment Request; Manufacturers' Shipments, Inventories, and Orders (M3) Survey
Primary source
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Published
July 18, 2023
Issuing agencies
Commerce DepartmentCensus Bureau
Abstract
The Department of Commerce, in accordance with the Paperwork Reduction Act (PRA) of 1995, invites the general public and other Federal agencies to comment on proposed, and continuing information collections, which helps us assess the impact of our information collection requirements and minimize the public's reporting burden. The purpose of this notice is to allow for 60 days of public comment on the proposed extension of the Manufacturers' Shipments, Inventories, and Orders (M3) Survey prior to the submission of the information collection request (ICR) to OMB for approval.
Full Text
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<title>Federal Register, Volume 88 Issue 136 (Tuesday, July 18, 2023)</title>
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[Federal Register Volume 88, Number 136 (Tuesday, July 18, 2023)]
[Notices]
[Pages 45885-45886]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-15186]
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DEPARTMENT OF COMMERCE
Census Bureau
Agency Information Collection Activities; Submission to the
Office of Management and Budget (OMB) for Review and Approval; Comment
Request; Manufacturers' Shipments, Inventories, and Orders (M3) Survey
AGENCY: U.S. Census Bureau, Commerce.
ACTION: Notice of information collection, request for comment.
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SUMMARY: The Department of Commerce, in accordance with the Paperwork
Reduction Act (PRA) of 1995, invites the general public and other
Federal agencies to comment on proposed, and continuing information
collections, which helps us assess the impact of our information
collection requirements and minimize the public's reporting burden. The
purpose of this notice is to allow for 60 days of public comment on the
proposed extension of the Manufacturers' Shipments, Inventories, and
Orders (M3) Survey prior to the submission of the information
collection request (ICR) to OMB for approval.
DATES: To ensure consideration, comments regarding this proposed
information collection must be received on or before September 18,
2023.
ADDRESSES: Interested persons are invited to submit written comments by
email to <a href="/cdn-cgi/l/email-protection#47132f282a2634690d69142a2e332f0724222934323469202831"><span class="__cf_email__" data-cfemail="3f6b5750525e4c1175116c52564b577f5c5a514c4a4c11585049">[email protected]</span></a>. Please reference Manufacturers'
Shipments, Inventories, and Orders (M3) Survey in the subject line of
your comments. You may also submit comments, identified by Docket
Number USBC-2023-0004 to the Federal e-Rulemaking Portal: <a href="http://www.regulations.gov">http://www.regulations.gov</a>. All comments received are part of the public
record. No comments will be posted to <a href="http://www.regulations.gov">http://www.regulations.gov</a> for
public viewing until after the comment period has closed. Comments will
generally be posted without change. All Personally Identifiable
Information (for example, name and address) voluntarily submitted by
the commenter may be publicly accessible. Do not submit Confidential
Business Information or otherwise sensitive or protected information.
You may submit attachments to electronic comments in Microsoft Word,
Excel, or Adobe PDF file formats.
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
specific questions related to collection activities should be directed
to Carol Aristone, U.S. Census Bureau, Economic
[[Page 45886]]
Indicators Division, (301) 763-7062, <a href="/cdn-cgi/l/email-protection#9dfefceff2f1b3fcf3f3b3fceff4eee9f2f3f8ddfef8f3eee8eeb3faf2eb"><span class="__cf_email__" data-cfemail="5c3f3d2e3330723d3232723d2e352f283332391c3f39322f292f723b332a">[email protected]</span></a>.
SUPPLEMENTARY INFORMATION:
I. Abstract
The U.S. Census Bureau plans to request an extension of the current
Office of Management and Budget (OMB) clearance of the Manufacturers'
Shipments, Inventories and Orders (M3) survey. The M3 survey requests
data monthly from domestic manufacturers on form M-3 (SD). Data
requested are shipments, new orders, unfilled orders, total inventory,
materials and supplies, work-in-process, and finished goods.
The M3 survey is designed to measure current industrial activity
and to provide an indication of future production commitments. The
value of shipments measures the value of goods delivered during the
month by domestic manufacturers. Estimates of new orders serve as an
indicator of future production commitments and represent the current
sales value of new orders received during the month, net of
cancellations. Substantial accumulation or depletion of unfilled orders
measures excess or deficient demand for manufactured products. The
level of inventories, especially in relation to shipments, is
frequently used to monitor the business cycle, by calculating the
inventories to sales ratio. In general, a low ratio indicates strong
shipments. A high ratio indicates weaker shipments or accumulation of
inventories in stock.
In October 2021, we accelerated total manufacturing and the
nondurable manufacturing aggregate estimates to the same time as the
Advance Report on Durable Goods Manufacturers' Shipments, Inventories
and Orders by creating an advance high-level report of total
manufacturing. This exception to the normal procedure was initially
approved by Office of Management and Budget (OMB) in September 2021 and
has been subsequently extended annually through means of a separately
submitted memo. This exception has permitted the public release of
preliminary monthly data on shipments and inventories of total
manufacturing under the provisions of the OMB's Statistical Policy
Directive No. 3 on the Compilation, Release and Evaluation of Principal
Federal Economic Indicators. The Census Bureau will request that
provisions for the early release of total manufacturing shipments and
inventories be included in the clearance, thereby eliminating the need
for a separate annual re-approval from OMB for the early release.
Currently, the Advance report on Durable goods is available
approximately 18 working days after each month, with the Full report
available approximately 23 working days after each month. Accelerating
the nondurable release provides data users with early access to total
manufacturing estimates ahead of the Full Report, giving them an early
snapshot of the direction of this critical indicator. Additionally, in
September 2024 we plan to include additional nondurable goods industry
level data, to provide more detail estimates at the advance time.
II. Method of Collection
Respondents may submit the form via mail, fax, or the internet. We
send emails and make telephone calls to respondents to remind them to
report on time.
OMB Control Number: 0607-0008.
Form Number(s): M-3 (SD).
Type of Review: Regular submission, Request for an Extension of a
Currently Approved Collection.
Affected Public: Business or other for-profit organizations.
Estimated Number of Respondents: 5,000 respondents filing a total
of 60,000 reports a year.
Estimated Time per Response: 20 minutes.
Estimated Total Annual Burden Hours: 20,000.
Estimated Total Annual Cost to Public: $0. (This is not the cost of
respondents' time, but the indirect costs respondents may incur for
such things as purchases of specialized software or hardware needed to
report, or expenditures for accounting or records maintenance services
required specifically by the collection.)
Respondent's Obligation: Voluntary.
Legal Authority: Title 13 U.S.C. 131, 182, and 193.
IV. Request for Comments
We are soliciting public comments to permit the Department/Bureau
to: (a) Evaluate whether the proposed information collection is
necessary for the proper functions of the Department, including whether
the information will have practical utility; (b) Evaluate the accuracy
of our estimate of the time and cost burden for this proposed
collection, including the validity of the methodology and assumptions
used; (c) Evaluate ways to enhance the quality, utility, and clarity of
the information to be collected; and (d) Minimize the reporting burden
on those who are to respond, including the use of automated collection
techniques or other forms of information technology.
Comments that you submit in response to this notice are a matter of
public record. We will include, or summarize, each comment in our
request to OMB to approve this ICR. Before including your address,
phone number, email address, or other personal identifying information
in your comment, you should be aware that your entire comment--
including your personal identifying information--may be made publicly
available at any time. While you may ask us in your comment to withhold
your personal identifying information from public review, we cannot
guarantee that we will be able to do so.
Sheleen Dumas,
Department PRA Clearance Officer, Office of the Chief Information
Officer, Commerce Department.
[FR Doc. 2023-15186 Filed 7-17-23; 8:45 am]
BILLING CODE 3510-07-P
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