There is a substantial body of evidence to the effect that output is more volatile than sales among manufacturing industries. Numerous explanations have been advanced to account for this excess output volatility. Some examples are pro-cyclical inventory movements induced by a stockout-avoidance...

The durables manufacturing sector is modeled as a production chain consisting of firms that produce to order and firms that produce to stock. Output movements are driven solely by shocks to final demand. Separate demand models are estimated over four separate sub-samples spanning the 1967-2011...

This paper estimates models of output, price and total inventory in various manufacturing sectors that allow inventories at different stages of fabrication to exert independent influences. The hypothesis tests generally reject the hypotheses that inventories are irrelevant or can be aggregated...

The growth rate of GDP stabilized around 1984, and improvements in production management have been cited as a possible cause. This article examines this rationale with two-digit SIC manufacturing data. The empirical questions are whether there is evidence of structural change in industry output...