83 FR 6837 - Submission for OMB Review; Comment Request

DEPARTMENT OF COMMERCE

Federal Register Volume 83, Issue 32 (February 15, 2018)

Page Range		6837-6838
FR Document		2018-03131
Federal Register, Volume 83 Issue 32 (Thursday, February 15, 2018)
[Federal Register Volume 83, Number 32 (Thursday, February 15, 2018)]
[Notices]
[Pages 6837-6838]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-03131]


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DEPARTMENT OF COMMERCE


Submission for OMB Review; Comment Request

    The Department of Commerce will submit to the Office of Management 
and Budget (OMB) for clearance the following proposal for collection of 
information under the provisions of the Paperwork Reduction Act (44 
U.S.C. Chapter 35).
    Agency: U.S. Census Bureau.
    Title: Manufacturers' Shipments, Inventories, and Orders (M3) 
Survey.
    OMB Control Number: 0607-0008.
    Form Number(s): M-3(SD).
    Type of Request: Extension of a currently approved collection.
    Number of Respondents: 5,000.
    Average Hours per Response: 20 minutes.
    Burden Hours: 20,000.
    Needs and Uses: The U.S. Census Bureau is requesting an extension 
of the currently approved collection for the Manufacturers' Shipments, 
Inventories, and Orders (M3) survey. This survey collects monthly data 
from domestic manufacturers on Form M-3 (SD), which is mailed at the 
end of each month. Data requested are shipments, new orders, unfilled 
orders, and inventories by stage of fabrication. It is currently the 
only survey that provides broad-based monthly statistical data on the 
economic conditions in the domestic manufacturing sector. The 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 backlogs 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.
    The M3 survey has been conducted monthly by the U.S. Census Bureau 
since 1957. The Advance Report on Durable Goods, Manufacturers' 
Shipments, Inventories and Orders is an advance snapshot of the current 
value of manufacturing in the U.S. It is available about 18 working 
days after each month. The M3 survey also produces the Full Report on 
Manufacturers' Shipments, Inventories and Orders. This report details 
information on the durable goods industries, and also includes the non-
durable goods industries. In addition, the Full Report captures late 
receipts, and is available about 23 working days after each month.
    This survey provides an essential component of the current economic 
indicators needed for assessing the evolving status of the economy and 
formulating economic policy. The Office of Information and Regulatory 
Affairs (OIRA), Office of Management and Budget (OMB) has designated 
this survey as a principal federal economic indicator. The shipments 
and inventories data are essential inputs to the gross domestic product 
(GDP), while the orders data are direct inputs to The Conference Board 
Leading Economic Index (LEI), which is a composite index of ten key 
elements designed to monitor the business cycle (https://www.conference-board.org/data/bcicountry.cfm?cid=1). The GDP and the 
LEI would be incomplete without these data. Orders for durable goods 
are an important leading economic indicator. Businesses and consumers 
generally place orders for durable goods when they are confident the 
economy is improving. A durable goods report showing an increase in 
orders is a sign that the economy is trending upwards. Durable goods 
orders tell investors what to expect from the manufacturing sector, a 
major component of the economy. The M3 survey also provides valuable 
and timely domestic manufacturing data for economic planning and 
analysis to business firms, trade associations, research and consulting 
agencies, and academia.

[[Page 6838]]

    The data are used for analyzing short- and long-term trends, both 
in the manufacturing sector and as related to other sectors of the 
economy. The data on value of shipments, especially when adjusted for 
change in inventories, measure current levels of production. New orders 
figures serve as an indicator of future production commitments. Changes 
in the level of unfilled orders, because of excess or shortfall of new 
orders compared with shipments, are used to measure the excess (or 
deficiency) in the demand for manufactured products. Changes in the 
level of inventories and the relation of these to shipments are used to 
project future movements in manufacturing activity. These statistics 
are valuable for analysts of business cycle conditions, including 
members of the Council of Economic Advisers (CEA), the Bureau of 
Economic Analysis (BEA), the Federal Reserve Board (FRB), the 
Department of the Treasury, The Conference Board, business firms, trade 
associations, private research and consulting agencies, and the 
academic community.
    Affected Public: Business or other for-profit.
    Frequency: Monthly.
    Respondent's Obligation: Voluntary.
    Legal Authority: Title 13, United States Code, Sections 131, 182, 
and 193.
    This information collection request may be viewed at 
www.reginfo.gov. Follow the instructions to view Department of Commerce 
collections currently under review by OMB.
    Written comments and recommendations for the proposed information 
collection should be sent within 30 days of publication of this notice 
to OIRA_Submission@omb.eop.gov or fax to (202) 395-5806.

Sheleen Dumas,
Departmental Lead PRA Officer, Office of the Chief Information Officer.
[FR Doc. 2018-03131 Filed 2-14-18; 8:45 am]
 BILLING CODE 3510-07-P
6838 Federal Register / Vol. 83, No. 32 / Thursday, February 15, 2018 / Notices

The data are used for analyzing short- Wednesday, March 14, 2018. During Washington, DC 20230; email: nacie@
and long-term trends, both in the this time, members will discuss, doc.gov; telephone: +1 202 482 8001;
manufacturing sector and as related to consider, and vote on an innovation and facsimile: +1 202 273 4781. Please
other sectors of the economy. The data entrepreneurship policy framework and reference ‘‘NACIE March 14, 2018’’ in
on value of shipments, especially when related principles. the subject line of your correspondence.
adjusted for change in inventories, DATES: Dated: February 9, 2018.
measure current levels of production. Craig Buerstatte,
New orders figures serve as an indicator Wednesday, March 14, 2018
Acting Director, Office of Innovation and
of future production commitments. Time: 2:00 p.m.–2:45 p.m. Eastern Time Entrepreneurship.
Changes in the level of unfilled orders, (ET) [FR Doc. 2018–03141 Filed 2–14–18; 8:45 am]
because of excess or shortfall of new ADDRESSES: This meeting will be held
BILLING CODE 3510–WH–P
orders compared with shipments, are by teleconference; a physical address is
used to measure the excess (or therefore not applicable. In order to
deficiency) in the demand for make a statement during the public DEPARTMENT OF COMMERCE
manufactured products. Changes in the comment portion of the meeting, please
level of inventories and the relation of submit a brief statement summarizing International Trade Administration
these to shipments are used to project your comments to Craig Buerstatte (see [A–201–837]
future movements in manufacturing contact information below) no later than
activity. These statistics are valuable for 11:59 p.m. ET on Friday, March 9, 2018, Certain Magnesia Carbon Bricks From
analysts of business cycle conditions, and please limit comments to five Mexico: Rescission of Antidumping
including members of the Council of minutes or less. Duty Administrative Review; 2016–
Economic Advisers (CEA), the Bureau of 2017
Economic Analysis (BEA), the Federal Teleconference Information
Reserve Board (FRB), the Department of Toll-Free: +1 877 950 4778 AGENCY: Enforcement and Compliance,
the Treasury, The Conference Board, Passcode: 4423486 International Trade Administration,
business firms, trade associations, SUPPLEMENTARY INFORMATION: The Department of Commerce.
private research and consulting Council was first chartered on SUMMARY: The Department of Commerce
agencies, and the academic community. November 10, 2009, to advise the (Commerce) is rescinding its
Affected Public: Business or other for- Secretary of Commerce on matters administrative review of the
profit. related to innovation and antidumping duty order on certain
Frequency: Monthly. entrepreneurship in the United States. magnesia carbon bricks from Mexico for
Respondent’s Obligation: Voluntary. NACIE’s overarching focus is the period of review (POR) September 1,
Legal Authority: Title 13, United recommending transformational policies 2016, through August 31, 2017.
States Code, Sections 131, 182, and 193. to the Secretary that will help U.S. DATES: Applicable February 15, 2018.
This information collection request communities, businesses, and the FOR FURTHER INFORMATION CONTACT:
may be viewed at www.reginfo.gov. workforce become more globally Terre Keaton Stefanova, AD/CVD
Follow the instructions to view competitive. The Council operates as an Operations, Office II, Enforcement and
Department of Commerce collections independent entity within the Office of Compliance, International Trade
currently under review by OMB. Innovation and Entrepreneurship (OIE), Administration, U.S. Department of
Written comments and which is housed within the U.S. Commerce, 1401 Constitution Avenue
recommendations for the proposed Commerce Department’s Economic NW, Washington, DC 20230; telephone:
information collection should be sent Development Administration. NACIE (202) 482–1280.
within 30 days of publication of this members are a diverse and dynamic SUPPLEMENTARY INFORMATION:
notice to OIRA_Submission@ group of successful entrepreneurs,
omb.eop.gov or fax to (202) 395–5806. innovators, and investors, as well as Background
Sheleen Dumas, leaders from nonprofit organizations On September 1, 2016, Commerce
Departmental Lead PRA Officer, Office of the and academia. published in the Federal Register a
Chief Information Officer. The purpose of this meeting is to notice of opportunity to request an
[FR Doc. 2018–03131 Filed 2–14–18; 8:45 am]
discuss and consider an innovation and administrative review of the
entrepreneurship policy framework and antidumping duty order on certain
BILLING CODE 3510–07–P
related principles. The final agenda will magnesia carbon bricks from Mexico for
be posted on the NACIE website at the POR.1 Commerce received a timely
DEPARTMENT OF COMMERCE http://www.eda.gov/oie/nacie/ prior to request from the Magnesia Carbon
the meeting. Any member of the public Bricks Fair Trade Committee (the
Economic Development Administration may submit pertinent questions and petitioner), in accordance with section
comments concerning the Council’s 751(a) of the Tariff Act of 1930, as
Notice of National Advisory Council on affairs at any time before or after the amended (the Act), and 19 CFR
Innovation and Entrepreneurship meeting. Comments may be submitted 351.213(b), to conduct an administrative
Meeting to the Office of Innovation and review of this antidumping duty order.2
Entrepreneurship at the contact On November 13, 2017, Commerce
AGENCY: Economic Development published in the Federal Register a
information below. Copies of the
sradovich on DSK3GMQ082PROD with NOTICES

Administration, Department of
meeting minutes will be available by
Commerce. 1 See Antidumping or Countervailing Duty Order,
request within 90 days of the meeting
ACTION: Notice of an open meeting. date.
Finding, or Suspended Investigation; Opportunity
To Request Administrative Review, 82 FR 41595
SUMMARY: The National Advisory FOR FURTHER INFORMATION CONTACT: (September 1, 2017).
2 See Letter from the petitioner, regarding
Council on Innovation and Craig Buerstatte, Office of Innovation ‘‘Certain Magnesia Carbon Bricks from Mexico:
Entrepreneurship (NACIE) will hold a and Entrepreneurship, Room 78018, Request For Administrative Review,’’ dated October
public meeting via teleconference on 1401 Constitution Ave. NW, 2, 2017.

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Document Created: 2018-02-15 00:20:53
Document Modified: 2018-02-15 00:20:53
Category		Regulatory Information
Collection		Federal Register
sudoc Class		AE 2.7: GS 4.107: AE 2.106:
Publisher		Office of the Federal Register, National Archives and Records Administration
Section		Notices
FR Citation		83 FR 6837