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Correlations > Industry Statistics > Fabricated metal 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 > Fabricated metal product manufacturing > Total value of shipments ...

Variable Strength
...and  Industry > Fabricated metal product manufacturing > Value added 99% [plot | correlate | graph]
...and  Industry > Fabricated metal product manufacturing > Total cost of materials 99% [plot | correlate | graph]
...and  Industry > Fabricated metal product manufacturing > Annual payroll 97% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Fabricated metal product manufacturing 97% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Fabricated metal product manufacturing 97% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > Fabricated metal product manufacturing 96% [plot | correlate | graph]
...and  Labor > Fabricated metal product manufacturing > Number of employees 96% [plot | correlate | graph]
...and  Industry > Fabricated metal product manufacturing > Production workers wages 96% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Fabricated metal product manufacturing 96% [plot | correlate | graph]
...and  Labor > Fabricated metal product manufacturing > Production workers (average per year) 94% [plot | correlate | graph]
...and  Industry > Fabricated metal product manufacturing > Total capital expenditures 94% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > Plastics and rubber products manufacturing 93% [plot | correlate | graph]
...and  Industry > Total Manufacturing > Production workers wages 92% [plot | correlate | graph]
...and  Industry > Total Manufacturing > Annual payroll 90% [plot | correlate | graph]
...and  Industry > Plastics & rubber products manufacturing > Total value of shipments 90% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > Machinery manufacturing 90% [plot | correlate | graph]
...and  Industry > Plastics & rubber products manufacturing > Annual payroll 89% [plot | correlate | graph]
...and  Industry > Plastics & rubber products manufacturing > Value added 89% [plot | correlate | graph]
...and  Industry > Plastics & rubber products manufacturing > Total cost of materials 89% [plot | correlate | graph]
...and  Labor > Plastics & rubber products manufacturing > Production workers (average per year) 88% [plot | correlate | graph]
...and  Industry > Plastics & rubber products manufacturing > Production workers wages 88% [plot | correlate | graph]
...and  Labor > Fabricated metal product manufacturing > Production workers hours 88% [plot | correlate | graph]
...and  Labor > Total Manufacturing > Number of employees 87% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Plastics and rubber products manufacturing 87% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Plastics and rubber products manufacturing 87% [plot | correlate | graph]
...and  Industry > Machinery manufacturing > Annual payroll 87% [plot | correlate | graph]
...and  Labor > Machinery manufacturing > Production workers hours 86% [plot | correlate | graph]
...and  Industry > Total Manufacturing > Value added 86% [plot | correlate | graph]
...and  Labor > Total Manufacturing > Production workers hours 86% [plot | correlate | graph]
...and  Industry > Total Manufacturing > Total value of shipments 84% [plot | correlate | graph]
...and  Industry > Machinery manufacturing > Production workers wages 84% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Machinery manufacturing 84% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Machinery manufacturing 84% [plot | correlate | graph]
...and  Industry > Plastics & rubber products manufacturing > Total capital expenditures 84% [plot | correlate | graph]
...and  Industry > Total Manufacturing > Total capital expenditures 83% [plot | correlate | graph]
...and  Industry > Machinery manufacturing > Total capital expenditures 83% [plot | correlate | graph]
...and  Education > Public Libraries > Public Service Hours 82% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > Electrical equipment and appliance manufacturing 82% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > Nonmetallic mineral product manufacturing 82% [plot | correlate | graph]
...and  Labor > Machinery manufacturing > Production workers (average per year) 81% [plot | correlate | graph]
...and  Industry > Machinery manufacturing > Value added 81% [plot | correlate | graph]
...and  Labor > Total Manufacturing > Production workers (average per year) 81% [plot | correlate | graph]
...and  Industry > Nonmetallic mineral product manufacturing > Annual payroll 80% [plot | correlate | graph]
...and  Health > Number of Nursing Homes 80% [plot | correlate | graph]
...and  Labor > Printing & related support activities > Number of employees 80% [plot | correlate | graph]
...and  Industry > Printing & related support activities > Total cost of materials 79% [plot | correlate | graph]
...and  Industry > Total Manufacturing > Total cost of materials 79% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Truck transportation 78% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Truck transportation 78% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > Truck transportation 78% [plot | correlate | graph]
Average: 87%

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.

VIEW FOR THIS VARIABLE:

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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