Sample Advance Report

FOR RELEASE AT 8:30 AM EDT, MONDAY, JULY 27, 2020

MONTHLY ADVANCE REPORT ON DURABLE GOODS MANUFACTURERS’ SHIPMENTS,
INVENTORIES AND ORDERS JUNE 2020
Release Number: CB 20-112 M3-1 (20)-06
Statement Regarding COVID-19 Impact: Due to recent events surrounding COVID-19, many businesses are
operating on a limited capacity or have ceased operations completely. The Census Bureau has monitored
response and data quality and determined estimates in this release meet publication standards. For more
information on the compilation of this month's reports, see < M3 COVID-19 FAQs>.
July 27, 2020 — The U.S. Census Bureau announces the June advance report on durable goods
manufacturers’ shipments, inventories and orders:

DURABLE GOODS NEW ORDERS 2019-2020
Seasonally Adjusted, Month-To-Month Percentage Change

DURABLE GOODS – NEW ORDERS
JUNE 2020

$206.9 billion

+7.3%°

MAY 2020
(revised)

$192.9 billion

+15.1%°

Next release: August 26, 2020
Data adjusted for seasonal variation but not for price changes.
°Statistical significance is not measurable for this survey. The Manufacturers' Shipments,
Inventories, and Orders estimates are not based on a probability sample, so the sampling
error of these estimates cannot be measured nor can the confidence intervals be computed.
Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories and Orders, July 27,
2020.

16.0%
15.0%
14.0%
13.0%
12.0%
11.0%
10.0%
9.0%
8.0%
7.0%
6.0%
5.0%
4.0%
3.0%
2.0%
1.0%
0.0%
-1.0%
-2.0%
-3.0%
-4.0%
-5.0%
-6.0%
-7.0%
-8.0%
-9.0%
-10.0%
-11.0%
-12.0%
-13.0%
-14.0%
-15.0%
-16.0%
-17.0%
-18.0%
-19.0%
% Change

Jun-19

Jul-19

Aug-19

Sep-19

Oct-19

Nov-19

Dec-19

Jan-20

Feb-20

Mar-20

Apr-20

May-20

Jun-20

0.1%

2.5%

0.5%

-0.9%

-0.1%

-2.6%

2.8%

-0.2%

2.0%

-16.7%

-18.3%

15.1%

7.3%

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders,
July 27, 2020.

New Orders
New orders for manufactured durable goods in June increased $14.0 billion or 7.3 percent to $206.9
billion, the U.S. Census Bureau announced today. This increase, up two consecutive months, followed a
15.1 percent May increase. Excluding transportation, new orders increased 3.3 percent. Excluding
defense, new orders increased 9.2 percent. Transportation equipment, also up two consecutive months,
led the increase, $9.2 billion or 20.0 percent to $55.3 billion.

Data Inquiries
Economic Indicators Division, Shipments, Inventories, and Orders Branch (M3)
301-763-4832
eid.m3.qs@census.gov

Media Inquiries
Public Information Office
301-763-3030
pio@census.gov

Shipments
Shipments of manufactured durable goods in June, up two consecutive months, increased $29.4 billion or
14.9 percent to $227.1 billion. This followed a 4.2 percent May increase. Transportation equipment, also
up two consecutive months, led the increase, $24.2 billion or 51.9 percent to $70.9 billion.
Unfilled Orders
Unfilled orders for manufactured durable goods in June, down three of the last four months, decreased
$15.4 billion or 1.4 percent to $1,092.4 billion. This followed a virtually unchanged May increase.
Transportation equipment, down four consecutive months, drove the decrease, $15.6 billion or 2.1
percent to $743.5 billion.
Inventories
Inventories of manufactured durable goods in June, up four consecutive months, increased $0.4 billion or
0.1 percent to $425.3 billion. This followed a virtually unchanged May increase. Transportation
equipment, up twenty-three of the last twenty-four months, drove the increase, $2.2 billion or 1.5 percent
to $146.5 billion.
Capital Goods
Nondefense new orders for capital goods in June decreased $10.3 billion or 16.4 percent to $52.2 billion.
Shipments increased $2.8 billion or 4.4 percent to $66.1 billion. Unfilled orders decreased $13.9 billion or
2.2 percent to $610.0 billion. Inventories increased $1.4 billion or 0.7 percent to $193.0 billion. Defense
new orders for capital goods in June decreased $2.2 billion or 16.8 percent to $10.8 billion. Shipments
decreased $0.1 billion or 0.8 percent to $12.3 billion. Unfilled orders decreased $1.5 billion or 0.8 percent
to $178.2 billion. Inventories increased $0.2 billion or 1.1 percent to $21.3 billion.
Revised May Data
Revised seasonally adjusted May figures for all manufacturing industries were: new orders, $411.9 billion
(revised from $412.8 billion); shipments, $416.8 billion (revised from $417.0 billion); unfilled orders,
$1,107.8 billion (revised from $1,108.5 billion) and total inventories, $687.1 billion (revised from $687.0
billion).
Revised and more detailed estimates, plus nondurable goods data, will be published on August 4, 2020, at
10:00 a.m. EDT. The Advance Report on durable goods for July is scheduled for release on August 26, 2020
at 8:30 a.m. EDT. View the full schedule in the Economic Briefing Room:
. The full text and tables of this release can be found at
.
Data Inquiries
Economic Indicators Division, Shipments, Inventories, and Orders Branch (M3)
301-763-4832
eid.m3.qs@census.gov

Media Inquiries
Public Information Office
301-763-3030
pio@census.gov

EXPLANATORY NOTES
Figures in text are adjusted for seasonality, but not for inflation. Figures on new and unfilled orders
exclude data for semiconductor manufacturing.
“Virtually unchanged” indicates that the change is less than 0.05 percent for a percent increase or
decrease.
Description of the survey
This report is compiled from results of the U.S. Census Bureau’s Manufacturers’ Shipments, Inventories,
and Orders (M3) survey, which is a voluntary survey authorized by Title 13 of the United States Code. This
survey provides statistics on a calendar-month basis for manufacturers' value of shipments, new orders
(net of cancellations), end-of-month order backlog (unfilled orders), end-of-month total inventory (at
current cost or market value), and inventories by stage of fabrication (materials and supplies, work-inprocess, and finished goods). Data published from the M3 survey are based on a panel of approximately
5,000 reporting units that represent approximately 3,100 companies and provide an indication of monthto-month change for the Manufacturing Sector. These reporting units may be divisions of diversified large
companies, large homogenous companies, or single-unit manufacturers in 92 industry categories, which
are combined into 65 publication levels due to the small monthly panel size. The survey methodology
assumes that the month-to-month changes of the total operations of the reporting units in the M3 panel
effectively represent the month-to-month movements of all establishments that make up the category.
The companies for which shipments data are currently reported or imputed in the M3 survey represent
approximately 64 percent of the total value of shipments for manufacturing establishments in the 2012
Economic Census, and these companies include almost two-thirds of the manufacturing companies with
$500 million or more in shipments in the 2012 Economic Census. The companies for which shipments data
are currently reported in the M3 survey represent approximately 57 percent of the total value of
shipments for manufacturing establishments in the 2012 Economic Census. Statistics based on the M3
panel differ from the results that would be obtained from a complete enumeration of all manufacturing
companies. The M3 panel is not based on a probability sample; therefore, the sampling errors that are
normally provided with sample surveys cannot be measured. Nonsampling errors are attributable to many
sources. The use of company or divisional reports to estimate the monthly change for establishments is
one source of nonsampling error. The use of primarily large companies to represent the month-to-month
movement of all companies is another potential source. Any corrections will be published in the full
report. Corrections received after the full report will be released in the next month’s advance report. Any
revisions made later than two months will be reflected in the annual benchmark publication. Additional
Data Inquiries
Economic Indicators Division, Shipments, Inventories, and Orders Branch (M3)
301-763-4832
eid.m3.qs@census.gov

Media Inquiries
Public Information Office
301-763-3030
pio@census.gov

survey documentation can be found on our web site:
.
RESOURCES
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before.

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Android devices. FRED, the signature database of the Federal Reserve Bank of St.
Louis, now incorporates the Census Bureau’s 13 economic indicators.

###

Data Inquiries
Economic Indicators Division, Shipments, Inventories, and Orders Branch (M3)
301-763-4832
eid.m3.qs@census.gov

Media Inquiries
Public Information Office
301-763-3030
pio@census.gov

Table 1. Durable Goods Manufacturers' Shipments and New Orders 1
[Estimates are shown in millions of dollars and are based on data from the Manufacturers' Shipments, Inventories, and Orders Survey.]
Seasonally Adjusted
Monthly

Not Seasonally Adjusted
Percent Change

Year to Date

Monthly

Item
Jun
2
2020

May
2020 r

Apr
2020

May Jun 2

Apr May r

Mar Apr

Jun
2020 2

May
2020 r

Jun
2019

2020

Percent
Change
2020/2019

2019

DURABLE GOODS
Total:
Shipments…………………………..
New Orders …………………………

227,119
206,873

197,721
192,862

189,742
167,502

14.9
7.3

4.2
15.1

-18.8
-18.3

245,416
224,972

197,014
186,373

264,794
252,295

1,341,528
1,266,820

1,501,981
1,460,416

-10.7
-13.3

Excluding transportation:
Shipments…………………………..
New Orders4…………………………

156,264
151,584

151,071
146,779

148,321
141,740

3.4
3.3

1.9
3.6

-7.4
-8.3

169,328
163,165

150,310
145,946

171,827
165,988

938,846
917,577

972,333
953,477

-3.4
-3.8

213,193
195,092

183,661
178,686

175,473
155,165

16.1
9.2

4.7
15.2

-20.2
-17.3

230,829
209,861

183,290
174,762

249,488
237,719

1,258,867
1,179,168

1,419,084
1,377,315

-11.3
-14.4

155,677
140,258

146,691
146,719

143,820
126,453

6.1
-4.4

2.0
16.0

-14.4
-12.3

168,920
153,229

146,347
139,911

185,228
177,297

959,464
912,119

1,046,720
1,032,732

-8.3
-11.7

Primary metals:
Shipments…………………………..
New Orders…………………………

17,704
17,817

16,886
17,202

16,653
15,782

4.8
3.6

1.4
9.0

-12.2
-14.5

18,621
18,604

17,182
17,095

20,279
20,242

112,315
111,710

124,729
125,148

-10.0
-10.7

Fabricated metal products:
Shipments…………………………..
New Orders…………………………

29,105
29,075

27,739
27,825

27,397
26,211

4.9
4.5

1.2
6.2

-11.2
-13.6

31,226
31,119

28,163
28,449

32,940
32,776

179,298
180,301

189,882
192,795

-5.6
-6.5

Machinery:
Shipments…………………………..
New Orders…………………………

29,667
29,573

28,769
28,797

28,211
28,503

3.1
2.7

2.0
1.0

-8.5
-8.0

32,684
31,851

28,943
28,576

34,577
33,429

182,808
185,101

195,371
196,297

-6.4
-5.7

4
Computers and electronic products :
Shipments…………………………..
New Orders…………………………

28,472
23,921

28,692
23,904

28,610
23,771

-0.8
0.1

0.3
0.6

0.5
-0.1

31,354
26,542

26,877
22,290

30,579
26,091

166,499
140,549

164,634
139,450

1.1
0.8

Computers and related products:
Shipments…………………………..
New Orders…………………………

1,690
1,649

1,839
1,807

1,768
1,734

-8.1
-8.7

4.0
4.2

0.3
0.0

2,151
2,110

1,645
1,613

2,070
2,039

10,193
10,049

9,540
9,497

6.8
5.8

Communications equipment:
Shipments…………………………..
New Orders…………………………

3,767
3,773

3,767
3,748

3,749
3,708

0.0
0.7

0.5
1.1

0.1
1.9

4,688
4,501

3,425
3,243

4,346
4,260

21,859
21,815

20,702
20,992

5.6
3.9

Electrical equipment, appliances,
and components:
Shipments…………………………..
New Orders…………………………

10,342
10,305

10,140
10,182

10,013
10,128

2.0
1.2

1.3
0.5

-10.3
-9.0

11,324
11,064

9,959
10,110

11,803
11,768

63,023
64,109

64,533
65,593

-2.3
-2.3

Transportation equipment:
Shipments…………………………..
New Orders…………………………

70,855
55,289

46,650
46,083

41,421
25,762

51.9
20.0

12.6
78.9

-43.6
-48.9

76,088
61,807

46,704
40,427

92,967
86,307

402,682
349,243

529,648
506,939

-24.0
-31.1

Motor vehicles and parts:
Shipments…………………………..
New Orders…………………………

52,008
52,783

28,400
28,420

22,310
22,057

83.1
85.7

27.3
28.8

-53.5
-53.9

55,531
55,583

28,516
28,391

62,649
61,833

273,776
273,789

368,318
367,283

-25.7
-25.5

Nondefense aircraft and parts :
Shipments…………………………..
New Orders…………………………

4,190
-10,354

3,523
2,858

4,350
-8,601

18.9
-462.3

-19.0
(NA)

-59.5
(NA)

5,091
-9,905

3,418
-855

14,037
9,407

39,331
-19,440

72,871
53,381

-46.0
-136.4

Defense aircraft and parts:
Shipments…………………………..
New Orders…………………………

3,939
2,579

3,966
3,717

4,213
3,923

-0.7
-30.6

-5.9
-5.3

9.9
-34.9

4,443
3,700

3,867
2,431

5,363
5,533

24,031
22,821

28,083
27,947

-14.4
-18.3

All other durable goods:
Shipments…………………………..
New Orders…………………………

40,974
40,893

38,845
38,869

37,437
37,345

5.5
5.2

3.8
4.1

-6.1
-6.4

44,119
43,985

39,186
39,426

41,649
41,682

234,903
235,807

233,184
234,194

0.7
0.7

Capital goods3:
Shipments…………………………..
New Orders…………………………

78,393
62,975

75,694
75,405

75,518
60,509

3.6
-16.5

0.2
24.6

-11.1
-2.4

86,018
71,350

73,956
68,343

94,348
86,708

477,550
429,580

515,934
501,575

-7.4
-14.4

Nondefense capital goods:
Shipments…………………………..

66,088

63,287

63,081

4.4

0.3

-13.5

73,254

61,718

81,117

405,007

443,760

-8.7

New Orders…………………………

52,156

62,409

49,398

-16.4

26.3

7.0

58,056

57,312

75,165

349,841

429,078

-18.5

Shipments………………………

64,186

62,086

61,110

3.4

1.6

-6.4

70,732

60,484

71,316

383,090

395,058

-3.0

New Orders……………………..

64,339

62,301

61,299

3.3

1.6

-6.6

69,740

60,560

70,211

388,671

397,889

-2.3

Defense capital goods:
Shipments…………………………..
New Orders…………………………

12,305
10,819

12,407
12,996

12,437
11,111

-0.8
-16.8

-0.2
17.0

3.7
-30.0

12,764
13,294

12,238
11,031

13,231
11,543

72,543
79,739

72,174
72,497

0.5
10.0

4

Excluding defense:
Shipments…………………………..
4

New Orders …………………………
Manufacturing with unfilled orders:
Shipments…………………………..
New Orders…………………………

5

Excluding aircraft:

r

Revised data due to late receipts and concurrent seasonal adjustment.

1
Estimates of shipments and new orders are for the duration of the period, while estimates of unfilled orders and total inventories are for the end of the period. Not seasonally adjusted estimates of
shipments and new orders include adjusted data for non-calendar reporters. Seasonally adjusted estimates include concurrent adjustments for holiday and trading-day differences, where appropriate,
as well as seasonal variation, based on the results of the latest annual review of the model parameters. Estimates are not adjusted for price changes.
2
Based on advance sample. Estimates of manufacturers' shipments, inventories, and orders are subject to survey error and revision. One major component of survey error is nonsampling error, which includes errors of coverage, response and
nonreporting. Since the survey panel is not a probability sample, estimates of sampling error cannot be calculated. For further details on survey design, methodology, and data limitations, see http://www.census.gov/manufacturing/m3.
3
The Capital Goods Industries include Nondefense : small arms and ordnance; farm machinery and equipment; construction machinery; mining, oil, and gas field machinery; industrial machinery; vending, laundry, and other machinery; photographic
equipment; metalworking machinery; turbines and generators; other power transmission equipment; pumps and compressors; material handling equipment; all other machinery; electronic computers; computer storage devices; other computer
peripheral equipment; communications equipment; search and navigation equipment; electromedical, measuring, and control instruments; electrical equipment; other electrical equipment, appliances, and components; heavy duty trucks; aircraft;
railroad rolling stock; ships and boats; office and institutional furniture; and medical equipment and supplies. Defense Capital Goods include : small arms and ordnance, communications equipment, aircraft; missiles, space vehicles, and parts, ships and
boats, and search and navigation equipment.
4
Estimates and percent changes of shipments and inventories for the semiconductor industry are included in computers and electronic products, and all other applicable aggregate totals. Estimates and percent changes for new orders and unfilled
orders exclude semiconductor industry data.
5
(NA) - New Orders month-to-month percent change is not provided for Nondefense aircraft and parts because the denominator has a negative value.

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, June Advance Report, July 27, 2020. Information on data sources and methodology can be found on our website at
.

Table 2. Durable Goods Manufacturers' Unfilled Orders and Total Inventories 1
[Estimates are shown in millions of dollars and are based on data from the Manufacturers' Shipments, Inventories, and Orders Survey.]
Seasonally Adjusted
Monthly
Percent Change
Item
Jun
May
Apr
May Apr Mar Jun
2020
Apr
2020 r
May r
Jun2
2020 2
2020 2

Not Seasonally Adjusted
Monthly
May
2020 r

Jun
2019

Percent
Change
2020/
2019

DURABLE GOODS
Total:
Unfilled Orders4…………………….
Total Inventories…………………..

1,092,421
425,284

1,107,840
424,899

1,107,812
424,744

-1.4
0.1

0.0
0.0

-1.5
0.0

1,094,797
423,367

1,110,488
427,049

1,150,272
412,969

-4.8
2.5

348,925
278,804

348,778
280,583

348,183
282,007

0.0
-0.6

0.2
-0.5

-0.5
0.0

351,219
278,246

352,629
282,453

352,735
283,324

-0.4
-1.8

873,273
399,743

886,547
399,683

886,635
399,424

-1.5
0.0

0.0
0.1

-1.7
0.0

872,958
397,713

889,173
401,701

943,561
388,124

-7.5
2.5

Manufacturing with unfilled orders:
Unfilled Orders…………………….
Total Inventories…………………..

1,092,421
347,227

1,107,840
346,939

1,107,812
346,626

-1.4
0.1

0.0
0.1

-1.5
0.1

1,094,797
346,328

1,110,488
349,089

1,150,272
335,275

-4.8
3.3

Primary metals:
Unfilled Orders…………………….
Total Inventories…………………..

30,689
34,125

30,576
34,737

30,260
35,430

0.4
-1.8

1.0
-2.0

-2.8
-1.3

30,854
33,984

30,871
34,872

31,355
36,405

-1.6
-6.7

Fabricated metal products:
Unfilled Orders…………………….
Total Inventories…………………..

72,457
52,758

72,487
53,405

72,401
53,382

0.0
-1.2

0.1
0.0

-1.6
0.2

73,453
52,866

73,560
53,699

75,829
53,996

-3.1
-2.1

Machinery:
Unfilled Orders…………………….
Total Inventories…………………..

96,848
70,528

96,942
70,932

96,914
71,200

-0.1
-0.6

0.0
-0.4

0.3
-0.4

97,021
70,181

97,854
71,327

97,988
71,770

-1.0
-2.2

118,905
44,290

118,629
44,256

118,530
44,212

0.2
0.1

0.1
0.1

0.0
0.5

119,155
44,191

119,214
44,830

118,016
43,757

1.0
1.0

Computers and related products:
Unfilled Orders…………………….
Total Inventories…………………..

1,864
3,894

1,905
3,937

1,937
3,882

-2.2
-1.1

-1.7
1.4

-1.7
2.7

1,864
3,906

1,905
3,993

1,948
3,787

-4.3
3.1

Communications equipment:
Unfilled Orders…………………….
Total Inventories…………………..

25,624
5,203

25,618
5,224

25,637
5,249

0.0
-0.4

-0.1
-0.5

-0.2
0.5

25,545
5,222

25,732
5,363

25,728
5,178

-0.7
0.8

Electrical equipment, appliances,
and components:
Unfilled Orders…………………….
Total Inventories…………………..

21,594
19,793

21,631
19,837

21,589
19,906

-0.2
-0.2

0.2
-0.3

0.5
1.0

21,869
19,945

22,129
20,112

20,866
19,943

4.8
0.0

Transportation equipment:
Unfilled Orders…………………….
Total Inventories…………………..

743,496
146,480

759,062
144,316

759,629
142,737

-2.1
1.5

-0.1
1.1

-2.0
0.1

743,578
145,121

757,859
144,596

797,537
129,645

-6.8
11.9

Motor vehicles and parts:
Unfilled Orders…………………….
Total Inventories…………………..

21,165
40,190

20,390
40,166

20,370
39,937

3.8
0.1

0.1
0.6

-1.2
0.5

20,761
39,270

20,709
40,018

20,868
38,598

-0.5
1.7

Nondefense Aircraft and parts:
Unfilled Orders…………………….
Total Inventories…………………..

503,060
76,913

517,604
75,136

518,269
73,668

-2.8
2.4

-0.1
2.0

-2.4
-0.4

501,203
76,664

516,199
75,612

570,814
63,570

-12.2
20.6

Defense Aircraft and parts:
Unfilled Orders…………………….
Total Inventories…………………..

83,701
12,481

85,061
12,317

85,310
12,284

-1.6
1.3

-0.3
0.3

-0.3
0.7

83,827
12,431

84,570
12,411

80,042
11,913

4.7
4.3

All other durable goods:
Unfilled Orders…………………….
Total Inventories…………………..

8,432
57,310

8,513
57,416

8,489
57,877

-1.0
-0.2

0.3
-0.8

-1.1
0.3

8,867
57,079

9,001
57,613

8,681
57,453

2.1
-0.7

Capital goods3:
Unfilled Orders…………………….
Total Inventories…………………..

788,153
214,223

803,571
212,607

803,860
211,312

-1.9
0.8

0.0
0.6

-1.8
0.2

790,303
214,033

804,971
214,074

851,659
200,807

-7.2
6.6

Nondefense capital goods:
Unfilled Orders…………………….
Total Inventories…………………..

609,963
192,950

623,895
191,559

624,773
190,199

-2.2
0.7

-0.1
0.7

-2.1
0.1

609,498
192,597

624,696
192,988

685,616
179,986

-11.1
7.0

Excluding aircraft:
Unfilled Orders………………..
Total Inventories……………….

216,744
128,697

216,591
128,979

216,376
128,972

0.1
-0.2

0.1
0.0

0.1
0.5

217,715
128,486

218,707
130,009

216,246
127,694

0.7
0.6

Defense capital goods:
Unfilled Orders…………………….
Total Inventories…………………..

178,190
21,273

179,676
21,048

179,087
21,113

-0.8
1.1

0.3
-0.3

-0.7
1.3

180,805
21,436

180,275
21,086

166,043
20,821

8.9
3.0

Excluding transportation:
Unfilled Orders4…………………….
Total Inventories…………………..
Excluding defense:
Unfilled Orders4………………………
Total Inventories…………………..

4

Computers and electronic products :
Unfilled Orders…………………….
Total Inventories…………………..

r

Revised data due to late receipts and concurrent seasonal adjustment.
Estimates of shipments and new orders are for the duration of the period, while estimates of unfilled orders and total inventories are for the end of the period. Not seasonally adjusted estimates of shipments and
new orders include adjusted data for non-calendar reporters. Seasonally adjusted estimates include concurrent adjustments for holiday and trading-day differences, where appropriate, as well as seasonal variation,
based on the results of the latest annual review of the model parameters. Estimates are not adjusted for price changes.
2
Based on advance sample. Estimates of manufacturers' shipments, inventories, and orders are subject to survey error and revision. One major component of survey error is nonsampling error, which includes errors
of coverage, response and nonreporting. Since the survey panel is not a probability sample, estimates of sampling error cannot be calculated. For further details on survey design, methodology, and data limitations,
see http://www.census.gov/manufacturing/m3.
3
The Capital Goods Industries include Nondefense : small arms and ordnance; farm machinery and equipment; construction machinery; mining, oil, and gas field machinery; industrial machinery; vending, laundry,
and other machinery; photographic equipment; metalworking machinery; turbines and generators; other power transmission equipment; pumps and compressors; material handling equipment; all other machinery;
electronic computers; computer storage devices; other computer peripheral equipment; communications equipment; search and navigation equipment; electromedical, measuring, and control instruments;
electrical equipment; other electrical equipment, appliances, and components; heavy duty trucks; aircraft; railroad rolling stock; ships and boats; office and institutional furniture; and medical equipment and
supplies. Defense Capital Goods include : small arms and ordnance, communications equipment, aircraft; missiles, space vehicles, and parts, ships and boats, and search and navigation equipment.
4
Estimates and percent changes of shipments and inventories for the semiconductor industry are included in computers and electronic products, and all other applicable aggregate totals. Estimates and percent
changes for new orders and unfilled orders exclude semiconductor industry data.
1

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, June Advance Report, July 27, 2020. Information on data sources and methodology can be found on our website at
.