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Correlations > Industry Statistics > Beverage & tobacco product manufacturing > Total value of shipments

DEFINITION: Includes the received or receivable net selling values, “Free on Board� (FOB) plant (exclusive of freight and taxes), of all products shipped, both primary and secondary, as well as all miscellaneous receipts, such as receipts for contract work performed for others, installation and repair, sales of scrap, and sales of products bought and sold without further processing. Included are all items made by or for the establishments from material owned by it, whether sold, transferred to other plants of the same company, or shipped on consignment. The net selling value of products made in one plant on a contract basis from materials owned by another is reported by the plant providing the materials.
VIEW DATA:   Totals   Per $ GDP  
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Showing latest available data.

Correlations between Industry > Beverage & tobacco product manufacturing > Total value of shipments ...

Variable Strength
...and  Industry > Beverage & tobacco product manufacturing > Value added 95% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Food product manufacturing 86% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Food product manufacturing 86% [plot | correlate | graph]
...and  Industry > Beverage & tobacco product manufacturing > Production workers wages 78% [plot | correlate | graph]
...and  Labor > Furniture & related product manufacturing > Production workers hours 72% [plot | correlate | graph]
...and  Labor > Textile product mills > Production workers hours 72% [plot | correlate | graph]
...and  Industry > Textile product mills > Total capital expenditures 71% [plot | correlate | graph]
...and  Labor > Furniture & related product manufacturing > Production workers (average per year) 71% [plot | correlate | graph]
...and  Industry > Textile mills > Production workers wages 70% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Textile and textile product mills 69% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Textile and textile product mills 69% [plot | correlate | graph]
...and  Industry > Furniture & related product manufacturing > Production workers wages 67% [plot | correlate | graph]
...and  Industry > Beverage & tobacco product manufacturing > Total cost of materials 67% [plot | correlate | graph]
...and  Labor > Textile product mills > Number of employees 66% [plot | correlate | graph]
...and  Industry > Textile product mills > Production workers wages 66% [plot | correlate | graph]
...and  Industry > Textile product mills > Total value of shipments 65% [plot | correlate | graph]
...and  Labor > Furniture & related product manufacturing > Number of employees 64% [plot | correlate | graph]
...and  Labor > Beverage & tobacco product manufacturing > Production workers hours (per capita) 63% [plot | correlate | graph]
...and  Labor > Beverage & tobacco product manufacturing > Production workers hours 63% [plot | correlate | graph]
...and  Industry > Textile product mills > Value added 62% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Food product manufacturing 61% [plot | correlate | graph]
...and  Labor > Beverage & tobacco product manufacturing > Number of employees 60% [plot | correlate | graph]
...and  Labor > Textile mills > Production workers hours 59% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > Furniture and related product manufacturing 58% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Federal Reserve banks, credit intermediation and related services (per capita) 58% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Federal Reserve banks, credit intermediation and related services (per $ GDP) 58% [plot | correlate | graph]
...and  Industry > Textile product mills > Total cost of materials 58% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Federal military 57% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Federal military 57% [plot | correlate | graph]
...and  Labor > Textile product mills > Production workers hours (per capita) 57% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > Federal military 57% [plot | correlate | graph]
...and  Military > DOD Active Military > Salaries & Wages 57% [plot | correlate | graph]
...and  Industry > Textile mills > Annual payroll 56% [plot | correlate | graph]
...and  Labor > Apparel manufacturing > Number of employees (per capita) 55% [plot | correlate | graph]
...and  Industry > Beverage & tobacco product manufacturing > Total capital expenditures 54% [plot | correlate | graph]
...and  Labor > Textile mills > Number of employees 54% [plot | correlate | graph]
...and  Industry > Furniture & related product manufacturing > Total cost of materials 54% [plot | correlate | graph]
...and  Labor > Textile mills > Production workers (average per year) 53% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Furniture and related product manufacturing 53% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Furniture and related product manufacturing 53% [plot | correlate | graph]
...and  Labor > Apparel manufacturing > Production workers (average per year) (per capita) 52% [plot | correlate | graph]
...and  Industry > Beverage & tobacco product manufacturing > Production workers wages (per $ GDP) 52% [plot | correlate | graph]
...and  Labor > Beverage & tobacco product manufacturing > Number of employees (per capita) 51% [plot | correlate | graph]
...and  Industry > Beverage & tobacco product manufacturing > Annual payroll 50% [plot | correlate | graph]
...and  Industry > Beverage & tobacco product manufacturing > Total cost of materials (per $ GDP) 50% [plot | correlate | graph]
...and  Industry > Textile mills > Total value of shipments 50% [plot | correlate | graph]
...and  Industry > Textile mills > Total cost of materials 50% [plot | correlate | graph]
...and  Industry > Furniture & related product manufacturing > Annual payroll 49% [plot | correlate | graph]
...and  Industry > Textile mills > Value added 49% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Federal military 49% [plot | correlate | graph]
Average: 61%

About Correlations:

A correlation is a statistical measure of similarity between at least two given sets of data. StateMaster's correlations compare two variables from our database and reveal statistical relationships between them. The percentages you see represent the strength (or likelihood) that a change in the topic variable is matched by a change in the listed variables below it. But remember: These correlations do not imply causation, that is, one does not necessarily cause the other. Also, not all variables contain all states, rather subsets of states matched together.

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NOTES:

  • Outliers have been removed only where they are outside 3 standard deviations of the mean.
  • Only variable pairs where at least 15 states match for each have been considered.
  • Strength is given by the correlation coefficient (R squared). It is the fraction of variation in Y that can be attributed to the variation in X. 100% signifies a perfect fit (R squared of 1). The top 50 such stats are displayed
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