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Correlations > Industry Statistics > Food 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 > Food manufacturing > Total value of shipments ...

Variable Strength
...and  Industry > Food manufacturing > Total cost of materials 97% [plot | correlate | graph]
...and  Industry > Food manufacturing > Value added 95% [plot | correlate | graph]
...and  Industry > Food manufacturing > Annual payroll 93% [plot | correlate | graph]
...and  Industry > Food manufacturing > Production workers wages 88% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > Food product manufacturing 85% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Truck transportation 81% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Truck transportation 81% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > Truck transportation 80% [plot | correlate | graph]
...and  Health > Number of Nursing Homes 75% [plot | correlate | graph]
...and  Industry > Food manufacturing > Total capital expenditures 74% [plot | correlate | graph]
...and  Industry > Total Manufacturing > Value added 73% [plot | correlate | graph]
...and  Labor > Printing & related support activities > Number of employees 72% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Truck transportation 72% [plot | correlate | graph]
...and  Health > Total Hospitals 72% [plot | correlate | graph]
...and  Industry > Total Manufacturing > Total value of shipments 71% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > Machinery manufacturing 70% [plot | correlate | graph]
...and  Industry > Printing & related support activities > Total cost of materials 70% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > Printing and related support activities 70% [plot | correlate | graph]
...and  Industry > Machinery manufacturing > Value added 69% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Printing and related support activities 69% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Printing and related support activities 69% [plot | correlate | graph]
...and  Labor > Food manufacturing > Number of employees 69% [plot | correlate | graph]
...and  Labor > Fabricated metal product manufacturing > Number of employees 69% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Machinery manufacturing 69% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Machinery manufacturing 69% [plot | correlate | graph]
...and  Industry > Machinery manufacturing > Total value of shipments 69% [plot | correlate | graph]
...and  Industry > Printing & related support activities > Total value of shipments 69% [plot | correlate | graph]
...and  Labor > Printing & related support activities > Production workers hours 68% [plot | correlate | graph]
...and  Labor > Printing & related support activities > Production workers (average per year) 68% [plot | correlate | graph]
...and  Labor > Total Manufacturing > Production workers hours 68% [plot | correlate | graph]
...and  Industry > Printing & related support activities > Value added 67% [plot | correlate | graph]
...and  Industry > Nonmetallic mineral product manufacturing > Value added 67% [plot | correlate | graph]
...and  Industry > Total Manufacturing > Production workers wages 67% [plot | correlate | graph]
...and  Industry > Machinery manufacturing > Total cost of materials 67% [plot | correlate | graph]
...and  Industry > Machinery manufacturing > Total capital expenditures 66% [plot | correlate | graph]
...and  Industry > Electrical equipment, appliance, & component manufacturing > Total capital expenditures 66% [plot | correlate | graph]
...and  Industry > Nonmetallic mineral product manufacturing > Total value of shipments 65% [plot | correlate | graph]
...and  Industry > Total Manufacturing > Total cost of materials 65% [plot | correlate | graph]
...and  Industry > Fabricated metal product manufacturing > Annual payroll 65% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Fabricated metal product manufacturing 65% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Fabricated metal product manufacturing 65% [plot | correlate | graph]
...and  Industry > Nonmetallic mineral product manufacturing > Total cost of materials 65% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > Fabricated metal product manufacturing 65% [plot | correlate | graph]
...and  Labor > Total Manufacturing > Production workers (average per year) 65% [plot | correlate | graph]
...and  Education > Postsecondary > Total Fall Enrollment > White 65% [plot | correlate | graph]
...and  Industry > Nonmetallic mineral product manufacturing > Annual payroll 64% [plot | correlate | graph]
...and  Industry > Fabricated metal product manufacturing > Value added 63% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Fabricated metal product manufacturing 63% [plot | correlate | graph]
...and  Industry > Printing & related support activities > Annual payroll 63% [plot | correlate | graph]
...and  Industry > Machinery manufacturing > Annual payroll 63% [plot | correlate | graph]
Average: 71%

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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