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Correlations > Industry Statistics > Machinery manufacturing > Total value of shipments

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Correlations between Industry > Machinery manufacturing > Total value of shipments ...

Variable Strength
...and  Industry > Machinery manufacturing > Value added 99% [plot | correlate | graph]
...and  Industry > Machinery manufacturing > Total cost of materials 99% [plot | correlate | graph]
...and  Labor > Machinery manufacturing > Production workers hours 94% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Machinery manufacturing 92% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Machinery manufacturing 92% [plot | correlate | graph]
...and  Industry > Machinery manufacturing > Production workers wages 92% [plot | correlate | graph]
...and  Industry > Machinery manufacturing > Annual payroll 89% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > Machinery manufacturing 88% [plot | correlate | graph]
...and  Labor > Machinery manufacturing > Production workers (average per year) 87% [plot | correlate | graph]
...and  Industry > Machinery manufacturing > Total capital expenditures 83% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Fabricated metal product manufacturing 81% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Fabricated metal product manufacturing 81% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > Fabricated metal product manufacturing 80% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Plastics and rubber products manufacturing 80% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Plastics and rubber products manufacturing 80% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Fabricated metal product manufacturing 80% [plot | correlate | graph]
...and  Industry > Fabricated metal product manufacturing > Value added 79% [plot | correlate | graph]
...and  Industry > Total Manufacturing > Annual payroll 79% [plot | correlate | graph]
...and  Industry > Fabricated metal product manufacturing > Total value of shipments 78% [plot | correlate | graph]
...and  Labor > Fabricated metal product manufacturing > Number of employees 78% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > Plastics and rubber products manufacturing 78% [plot | correlate | graph]
...and  Industry > Plastics & rubber products manufacturing > Total value of shipments 77% [plot | correlate | graph]
...and  Labor > Total Manufacturing > Number of employees 77% [plot | correlate | graph]
...and  Industry > Plastics & rubber products manufacturing > Total cost of materials 77% [plot | correlate | graph]
...and  Industry > Fabricated metal product manufacturing > Annual payroll 76% [plot | correlate | graph]
...and  Industry > Fabricated metal product manufacturing > Total cost of materials 76% [plot | correlate | graph]
...and  Industry > Plastics & rubber products manufacturing > Value added 76% [plot | correlate | graph]
...and  Labor > Fabricated metal product manufacturing > Production workers (average per year) 76% [plot | correlate | graph]
...and  Industry > Total Manufacturing > Production workers wages 76% [plot | correlate | graph]
...and  Industry > Total Manufacturing > Total capital expenditures 75% [plot | correlate | graph]
...and  Industry > Fabricated metal product manufacturing > Total capital expenditures 75% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Plastics and rubber products manufacturing 74% [plot | correlate | graph]
...and  Industry > Total Manufacturing > Total value of shipments 74% [plot | correlate | graph]
...and  Industry > Plastics & rubber products manufacturing > Total capital expenditures 74% [plot | correlate | graph]
...and  Industry > Plastics & rubber products manufacturing > Annual payroll 73% [plot | correlate | graph]
...and  Industry > Total Manufacturing > Total cost of materials 73% [plot | correlate | graph]
...and  Industry > Fabricated metal product manufacturing > Production workers wages 72% [plot | correlate | graph]
...and  Industry > Total Manufacturing > Value added 72% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > Electrical equipment and appliance manufacturing 72% [plot | correlate | graph]
...and  Industry > Food manufacturing > Annual payroll 72% [plot | correlate | graph]
...and  Labor > Total Manufacturing > Production workers hours 72% [plot | correlate | graph]
...and  Labor > Plastics & rubber products manufacturing > Production workers (average per year) 71% [plot | correlate | graph]
...and  Industry > Food manufacturing > Value added 70% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > Truck transportation 70% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Truck transportation 70% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > Food product manufacturing 69% [plot | correlate | graph]
...and  Education > Public Libraries > Public Service Hours 69% [plot | correlate | graph]
...and  Industry > Food manufacturing > Total value of shipments 69% [plot | correlate | graph]
...and  Industry > Plastics & rubber products manufacturing > Production workers wages 68% [plot | correlate | graph]
...and  Labor > Fabricated metal product manufacturing > Production workers hours 67% [plot | correlate | graph]
Average: 78%

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


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.

SOURCE: Annual Survey of Manufactures, 2004

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