Sample Advance Report

FOR RELEASE AT 8:30 AM EDT, TUESDAY, JUNE 27, 2023

MONTHLY ADVANCE REPORT ON DURABLE GOODS MANUFACTURERS’ SHIPMENTS,
INVENTORIES AND ORDERS MAY 2023
Release Number: CB 23-99 M3-1 (23)-05
June 27, 2023 — The U.S. Census Bureau announces the May advance report on durable goods
manufacturers’ shipments, inventories and orders:

DURABLE GOODS – NEW ORDERS
MAY 2023
APRIL 2023
(revised)

$288.2 billion

+1.7%°
+1.2%°

4.5%

5.0%

3.3%

4.0%
3.0%
2.0%

$283.2 billion

DURABLE GOODS NEW ORDERS 2022-2023
Seasonally Adjusted, Month-To-Month Percentage Change

6.0%

1.7%

1.6%

1.2%

1.0%
0.3%

1.0%
0.0%
-0.1%

-1.0%
-2.0%

Next release: July 27, 2023

-1.3%

-3.0%
-4.0%

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, June 27,
2023.

-0.8%

-3.1%

-2.7%

-5.0%
-6.0%
Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Jan-23 Feb-23 Mar-23 Apr-23 May-23

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders, June 27, 2023.

New Orders
New orders for manufactured durable goods in May, up three consecutive months, increased $4.9 billion
or 1.7 percent to $288.2 billion, the U.S. Census Bureau announced today. This followed a 1.2 percent
April increase. Excluding transportation, new orders increased 0.6 percent. Excluding defense, new orders
increased 3.0 percent. Transportation equipment, also up three consecutive months, led the increase,
$3.9 billion or 3.9 percent to $102.6 billion.
Shipments
Shipments of manufactured durable goods in May, up two of the last three months, increased $4.8 billion
or 1.7 percent to $282.7 billion. This followed a 0.6 percent April decrease. Transportation equipment,
also up two of the last three months, led the increase, $4.0 billion or 4.6 percent to $91.8 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

Unfilled Orders
Unfilled orders for manufactured durable goods in May, up five of the last six months, increased $10.6
billion or 0.8 percent to $1,302.0 billion. This followed a 0.8 percent April increase. Transportation
equipment, also up five of the last six months, drove the increase, $10.8 billion or 1.4 percent to $803.9
billion.
Inventories
Inventories of manufactured durable goods in May, up five of the last six months, increased $1.2 billion or
0.2 percent to $522.9 billion. This followed a 1.0 percent April increase. Machinery, up thirty-one
consecutive months, led the increase, $0.5 billion or 0.5 percent to $94.4 billion.
Capital Goods
Nondefense new orders for capital goods in May increased $5.7 billion or 6.7 percent to $91.0 billion.
Shipments increased $2.7 billion or 3.4 percent to $82.9 billion. Unfilled orders increased $8.1 billion or
1.1 percent to $748.7 billion. Inventories increased $0.1 billion or 0.1 percent to $225.5 billion. Defense
new orders for capital goods in May decreased $2.7 billion or 14.7 percent to $15.9 billion. Shipments
decreased $0.2 billion or 1.2 percent to $13.2 billion. Unfilled orders increased $2.7 billion or 1.3 percent
to $213.6 billion. Inventories increased $0.1 billion or 0.2 percent to $24.2 billion.
Revised April Data
Revised seasonally adjusted April figures for all manufacturing industries were: new orders, $576.3 billion
(revised from $577.5 billion); shipments, $571.0 billion (revised from $572.3 billion); unfilled orders,
$1,291.4 billion (revised from $1,291.3 billion) and total inventories, $855.5 billion (revised from $856.7
billion).
Revised and more detailed estimates, plus nondurable goods data, will be published on July 5, 2023, at
10:00 a.m. EDT. The Advance Report on durable goods for June is scheduled for release on July 27, 2023,
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 .
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.
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

The Census Bureau has reviewed this data product to ensure appropriate access, use, and disclosure
avoidance protection of the confidential source data (Project No. P-6000307, Disclosure Review Board
(DRB) approval number: CBDRB-FY23-0265).
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 60 percent of the total value of shipments for manufacturing establishments in the 2017
Economic Census, and these companies include roughly 61 percent of the manufacturing companies with
$500 million or more in shipments in the 2017 Economic Census. The companies for which shipments data
are currently reported in the M3 survey represent approximately 51 percent of the total value of
shipments for manufacturing establishments in the 2017 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
survey documentation can be found on our web site:
.
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

Benchmark notice
Revised historical data from the Manufacturers’ Shipments, Inventories, and Orders (M3) were issued on
May 12, 2023. These revisions resulted from
• Benchmarking the M3 shipments and inventories data to the 2021 and 2020 Annual Survey of
Manufactures (ASM) data;
• Incorporating the unfilled orders to shipments ratios obtained for 2021, 2020, and 2019 from the
Manufacturers’ Unfilled Orders (M3UFO) Survey;
• Adjusting the new orders data to be consistent with the benchmarked shipments and unfilled
orders data;
• Correcting monthly data for late receipts, reclassifications of reported data, and revisions to
previously reported data;
• Updating the seasonally adjusted data based on the results of benchmarking and the recent annual
review of the seasonal adjustment models.
These revisions spanned the seasonally adjusted data for January 2012 through March 2023 and the data
not seasonally adjusted for January 2017 through March 2023. An updated Press Release contains revised
monthly tables for January 2023 through March 2023.
RESOURCES
API
The Census Bureau’s application programming interface (API) lets developers create custom apps to reach
new users and makes key demographic, socio-economic and housing statistics more accessible than ever
before.

FRED Mobile App
Receive the latest updates on the nation’s key economic indicators by downloading
the FRED App for both Apple and
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
Monthly

Percent Change

Year to Date

Item
May
2023

Apr
2

2023

r

Mar
2023

Apr -

Mar -

2

r

May

Apr

Feb Mar

May
2023

Apr
2

2023

r

May
2022

2023

2022

Percent
Change
2023/2022

DURABLE GOODS
Total:
Shipments…………………………..
New Orders4…………………………

282,665
288,180

277,892
283,233

279,659
279,837

1.7
1.7

-0.6
1.2

0.7
3.3

287,201
288,027

267,092
272,347

272,586
268,450

1,373,438
1,384,546

1,314,005
1,337,649

4.5
3.5

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

190,906
185,616

190,172
184,537

190,603
185,680

0.4
0.6

-0.2
-0.6

-0.1
0.3

195,375
190,457

184,466
181,468

191,868
188,429

936,865
923,996

920,984
919,882

1.7
0.4

New Orders4…………………………

267,192
269,930

262,277
262,193

264,569
263,507

1.9
3.0

-0.9
-0.5

0.8
3.2

272,140
273,357

252,307
251,940

258,691
256,591

1,299,507
1,301,177

1,245,762
1,273,146

4.3
2.2

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

195,542
206,161

192,447
202,920

194,075
199,496

1.6
1.6

-0.8
1.7

1.0
4.6

198,953
204,104

185,196
194,880

189,137
189,466

952,340
987,873

911,283
958,552

4.5
3.1

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

26,769
26,763

26,732
26,642

26,802
26,830

0.1
0.5

-0.3
-0.7

0.1
0.5

28,033
27,871

26,603
26,266

28,686
28,629

135,987
136,655

137,430
140,076

-1.0
-2.4

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

35,283
35,221

35,245
35,213

35,374
35,290

0.1
0.0

-0.4
-0.2

0.1
0.7

36,909
37,897

34,630
35,575

36,660
37,640

175,179
180,319

175,952
183,016

-0.4
-1.5

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

37,669
37,618

37,545
37,261

37,271
37,160

0.3
1.0

0.7
0.3

-0.4
-0.1

38,883
38,169

36,725
37,053

37,163
37,325

186,132
188,943

179,306
186,542

3.8
1.3

Computers and electronic products4:
Shipments…………………………..
New Orders…………………………

29,203
24,047

29,108
23,971

29,238
24,409

0.3
0.3

-0.4
-1.8

-0.6
1.8

27,373
22,249

26,418
22,093

26,972
22,056

138,130
114,278

134,041
111,985

3.1
2.0

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

2,038
2,003

2,057
2,051

1,997
2,014

-0.9
-2.3

3.0
1.8

3.6
4.8

1,840
1,805

1,805
1,799

1,537
1,531

9,046
9,037

7,376
7,352

22.6
22.9

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

2,980
2,863

3,040
2,910

3,087
2,980

-2.0
-1.6

-1.5
-2.3

-2.2
-3.8

2,709
2,403

2,658
2,504

2,837
2,794

14,064
13,571

14,009
14,351

0.4
-5.4

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

14,008
14,049

13,902
13,820

14,067
14,226

0.8
1.7

-1.2
-2.9

0.9
0.4

14,251
14,304

13,352
13,500

13,134
13,363

68,191
69,757

62,473
65,652

9.2
6.3

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

91,759
102,564

87,720
98,696

89,056
94,157

4.6
3.9

-1.5
4.8

2.6
9.8

91,826
97,570

82,626
90,879

80,718
80,021

436,573
460,550

393,021
417,767

11.1
10.2

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

62,738
62,668

61,283
61,337

61,254
61,349

2.4
2.2

0.0
0.0

0.2
-0.2

63,870
63,150

58,344
58,058

58,112
57,586

307,491
307,866

283,957
284,576

8.3
8.2

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

13,554
21,775

10,691
16,440

12,512
16,776

26.8
32.5

-14.6
-2.0

22.6
96.0

12,586
19,294

9,323
12,482

8,352
9,915

53,827
69,115

40,245
67,817

33.7
1.9

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

4,836
4,978

4,922
7,711

4,666
5,836

-1.7
-35.4

5.5
32.1

-0.3
26.9

4,721
3,886

4,473
7,415

4,348
3,468

22,619
26,508

21,244
17,970

6.5
47.5

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

47,974
47,918

47,640
47,630

47,851
47,765

0.7
0.6

-0.4
-0.3

-0.3
-0.5

49,926
49,967

46,738
46,981

49,253
49,416

233,246
234,044

231,782
232,611

0.6
0.6

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

96,078
106,929

93,520
103,992

94,479
99,006

2.7
2.8

-1.0
5.0

2.1
9.4

94,782
100,914

88,475
98,011

87,282
87,620

456,203
484,384

425,020
461,066

7.3
5.1

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

82,903
91,027

80,184
85,342

81,589
85,285

3.4
6.7

-1.7
0.1

2.6
9.8

81,920
87,972

75,726
79,609

75,364
77,359

392,658
412,266

366,122
404,916

7.2
1.8

Excluding aircraft:
Shipments………………………

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

r

73,920

73,795

73,479

0.2

0.4

-0.2

73,669

70,384

70,573

360,230

343,940

4.7

New Orders……………………..

73,959

73,462

73,034

0.7

0.6

-0.6

72,958

70,988

70,942

364,612

354,930

2.7

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

13,175
15,902

13,336
18,650

12,890
13,721

-1.2
-14.7

3.5
35.9

-0.7
6.9

12,862
12,942

12,749
18,402

11,918
10,261

63,545
72,118

58,898
56,150

7.9
28.4

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.
The Census Bureau has reviewed this data product to ensure appropriate access, use, and disclosure avoidance protection of the confidential source data (Project No. P-6000307, Disclosure Review Board (DRB) approval number: CBDRB-FY23-0265).
Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, May Advance Report, June 27, 2023. 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
Not Seasonally Adjusted
Monthly
Percent Change
Monthly
Item
May
Apr
Mar
Apr Mar Feb May
Apr
May
2023
Mar
2022
2023 2
2023 r
May 2
Apr r
2023 2
2023 2

Percent
Change
2023/
2022

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

1,302,035
522,946

1,291,416
521,720

1,280,943
516,694

0.8
0.2

0.8
1.0

0.4
-1.0

1,305,829
527,130

1,300,678
524,743

1,236,623
516,038

5.6
2.1

498,163
358,680

498,349
357,628

498,852
357,606

0.0
0.3

-0.1
0.0

0.1
0.0

503,940
362,086

504,533
360,149

504,647
352,670

-0.1
2.7

1,058,160
493,538

1,050,318
492,412

1,045,270
487,658

0.7
0.2

0.5
1.0

0.4
-1.0

1,061,663
497,586

1,056,121
495,361

1,012,620
487,850

4.8
2.0

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

1,302,035
422,572

1,291,416
421,786

1,280,943
416,897

0.8
0.2

0.8
1.2

0.4
-1.1

1,305,829
426,024

1,300,678
424,460

1,236,623
416,599

5.6
2.3

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

37,721
46,907

37,727
46,670

37,817
46,589

0.0
0.5

-0.2
0.2

0.1
-0.5

38,434
47,444

38,596
47,187

40,661
48,719

-5.5
-2.6

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

129,048
64,729

129,110
64,578

129,142
64,674

0.0
0.2

0.0
-0.1

-0.1
-0.1

131,564
65,517

130,576
65,154

133,529
65,703

-1.5
-0.3

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

140,014
94,389

140,065
93,925

140,349
93,761

0.0
0.5

-0.2
0.2

-0.1
0.2

141,168
95,176

141,882
94,326

138,897
87,658

1.6
8.6

134,518
55,046

134,570
55,061

134,575
55,215

0.0
0.0

0.0
-0.3

0.3
-0.3

134,963
55,568

135,762
55,327

134,227
54,693

0.5
1.6

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

1,274
3,614

1,309
3,701

1,315
3,667

-2.7
-2.4

-0.5
0.9

1.3
1.6

1,274
3,711

1,309
3,616

1,303
3,860

-2.2
-3.9

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

17,244
5,005

17,361
5,038

17,491
5,019

-0.7
-0.7

-0.7
0.4

-0.6
-0.4

17,300
5,073

17,606
5,129

18,187
5,004

-4.9
1.4

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

43,447
26,205

43,406
26,083

43,488
26,091

0.1
0.5

-0.2
0.0

0.4
0.8

43,981
26,710

43,928
26,488

42,656
25,276

3.1
5.7

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

803,872
164,266

793,067
164,092

782,091
159,088

1.4
0.1

1.4
3.1

0.7
-3.0

801,889
165,044

796,145
164,594

731,976
163,368

9.6
1.0

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

35,075
53,657

35,145
53,452

35,091
53,190

-0.2
0.4

0.2
0.5

0.3
-0.9

35,316
54,136

36,036
53,892

36,524
53,596

-3.3
1.0

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

548,379
77,548

540,158
77,758

534,409
73,226

1.5
-0.3

1.1
6.2

0.8
-5.8

546,003
77,782

539,295
77,804

494,134
78,504

10.5
-0.9

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

70,971
14,186

70,829
14,088

68,040
14,052

0.2
0.7

4.1
0.3

1.7
0.9

71,191
14,213

72,026
14,116

62,534
13,820

13.8
2.8

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

13,415
71,404

13,471
71,311

13,481
71,276

-0.4
0.1

-0.1
0.0

-0.6
-0.2

13,830
71,671

13,789
71,667

14,677
70,621

-5.8
1.5

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

962,242
249,698

951,391
249,499

940,919
244,528

1.1
0.1

1.1
2.0

0.5
-1.6

962,067
251,473

955,935
249,936

895,075
241,747

7.5
4.0

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

748,678
225,514

740,554
225,368

735,396
220,666

1.1
0.1

0.7
2.1

0.5
-1.8

748,252
227,180

742,200
225,759

694,499
218,624

7.7
3.9

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

273,096
161,724

273,057
161,312

273,390
161,191

0.0
0.3

-0.1
0.1

-0.2
0.3

275,062
163,419

275,773
161,818

273,668
153,717

0.5
6.3

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

213,564
24,184

210,837
24,131

205,523
23,862

1.3
0.2

2.6
1.1

0.4
0.1

213,815
24,293

213,735
24,177

200,576
23,123

6.6
5.1

Excluding transportation:
Unfilled Orders4…………………….
Total Inventories…………………..
Excluding defense:
4

Unfilled Orders ………………………
Total Inventories…………………..

4

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

3

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.
The Census Bureau has reviewed this data product to ensure appropriate access, use, and disclosure avoidance protection of the confidential source data (Project No. P-6000307, Disclosure Review Board (DRB)
approval number: CBDRB-FY23-0265).
Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, May Advance Report, June 27, 2023. Information on data sources and methodology can be found on our website at
.
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