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pdfFOR RELEASE AT 10:00 AM EDT, WEDNESDAY, JULY 5, 2023
MONTHLY FULL REPORT ON MANUFACTURERS’ SHIPMENTS, INVENTORIES AND ORDERS
MAY 2023
Release Number: CB 23-100 M3-2 (23)-05
July 5, 2023 — The U.S. Census Bureau announces the May full report on manufacturers’ shipments,
inventories and orders:
MANUFACTURED GOODS – NEW ORDERS
MANUFACTURERS' NEW ORDERS 2022-2023
Seasonally Adjusted, Month-To-Month Percentage Change
3.0%
2.0%
1.6%
MAY 2023
$578.0 billion
+0.3%°
1.0%
0.9%
1.0%
0.6%
0.1%
0.0%
0.3%
0.3%
0.0%
-0.1%
April 2023
(revised)
-1.0%
$576.4 billion
+0.3%°
Next release: August 3, 2023
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 5, 2023.
-2.0%
-3.0%
-1.6%
-1.7%
-2.4%
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, July 5, 2023.
Summary
New orders for manufactured goods in May, up five of the last six months, increased $1.6 billion or 0.3
percent to $578.0 billion, the U.S. Census Bureau reported today. This followed a 0.3 percent April
increase. Shipments, up following three consecutive monthly decreases, increased $1.6 billion or 0.3
percent to $572.6 billion. This followed a 0.6 percent April decrease. Unfilled orders, up five of the last six
months, increased $10.5 billion or 0.8 percent to $1,301.9 billion. This followed a 0.8 percent April
increase. The unfilled orders-to-shipments ratio was 6.65, down from 6.71 in April. Inventories, down
three of the last four months, decreased $1.7 billion or 0.2 percent to $853.8 billion. This followed a 0.3
percent April increase. The inventories-to-shipments ratio was 1.49, down from 1.50 in April.
New Orders
New orders for manufactured durable goods in May, up three consecutive months, increased $5.0 billion
or 1.8 percent to $288.4 billion, up from the previously published 1.7 percent increase. This followed a 1.2
percent April increase. Transportation equipment, also up three consecutive months, led the increase,
$3.8 billion or 3.8 percent to $102.5 billion. New orders for manufactured nondurable goods decreased
$3.5 billion or 1.2 percent to $289.6 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 May, up two of the last three months, increased $5.1 billion
or 1.8 percent to $283.0 billion, up from the previously published 1.7 percent increase. This followed a 0.6
percent April decrease. Transportation equipment, also up two of the last three months, led the increase,
$4.2 billion or 4.8 percent to $91.8 billion. Shipments of manufactured nondurable goods, down six of the
last seven months, decreased $3.5 billion or 1.2 percent to $289.6 billion. This followed a 0.7 percent April
decrease. Petroleum and coal products, also down six of the last seven months, led the decrease, $3.2
billion or 5.0 percent to $61.4 billion.
Unfilled Orders
Unfilled orders for manufactured durable goods in May, up five of the last six months, increased $10.5
billion or 0.8 percent to $1,301.9 billion, unchanged from the previously published increase. This followed
a 0.8 percent April increase. Transportation equipment, also up five of the last six months, drove the
increase, $10.6 billion or 1.3 percent to $803.8 billion.
Inventories
Inventories of manufactured durable goods in May, up five of the last six months, increased $1.3 billion or
0.2 percent to $523.0 billion, unchanged from the previously published increase. This followed a 1.0
percent April increase. Machinery, up thirty-one consecutive months, led the increase, $0.6 billion or 0.6
percent to $94.5 billion. Inventories of manufactured nondurable goods, down six of the last seven
months, decreased $3.0 billion or 0.9 percent to $330.8 billion. This followed a 0.6 percent April decrease.
Petroleum and coal products, also down six of the last seven months, led the decrease, $2.0 billion or 4.4
percent to $44.3 billion. By stage of fabrication, May materials and supplies increased 0.3 percent in
durable goods and decreased 0.9 percent in nondurable goods. Work in process decreased 0.4 percent in
durable goods and 1.9 percent in nondurable goods. Finished goods increased 0.9 percent in durable
goods and decreased 0.5 percent in nondurable goods.
The Advance Report on durable goods for June is scheduled for release on July 27, 2023, at 8:30 a.m. EDT
and the Full Report on August 3, 2023, at 10:00 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.
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
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
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:
.
Benchmark notice
Revised historical data from the Manufacturers’ Shipments, Inventories, and Orders (M3) Survey were
issued on May 12, 2023. These revisions result 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.
.
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
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. Value of Manufacturers' Shipments for Industry Groups1
[Estimates are shown in millions of dollars and are based on data from the Manufacturers' Shipments, Inventories, and Orders Survey.]
Seasonally Adjusted
Monthly
Industry
p
r
1
May
2023p
Not Seasonally Adjusted
Percent Change
Apr.
r
2023
Mar.
2023
Apr. May
Mar. Apr.
Year to date
Monthly
Feb. Mar.
May
p
2023
Apr.
r
2023
Mar.
2023
May
2022
% Change
p
2023
2022
All manufacturing industries......…………
Excluding transportation……….………
Excluding defense…………...…..……….
With unfilled orders…………...…..……..
572,592
480,775
557,119
195,721
571,029
483,376
555,414
192,445
574,737
485,681
559,647
194,075
0.3
-0.5
0.3
1.7
-0.6
-0.5
-0.8
-0.8
-0.6
-1.1
-0.6
1.0
587,932
496,071
572,871
199,136
557,840
475,310
543,055
185,156
613,157
510,404
596,399
213,275
593,579
512,861
579,684
189,137
2,834,764
2,398,252
2,760,833
952,483
2,791,244
2,398,223
2,723,001
911,283
Durable goods industries………….…..…….
2023/
2022
1.6
0.0
1.4
4.5
282,974
277,924
279,659
1.8
-0.6
0.7
287,561
267,057
306,705
272,586
1,373,763
1,314,005
4.5
Wood products…………..……...….…………
Nonmetallic mineral products…….………….
Primary metals…………………….…………..
Iron and steel mills…………..……….….
Aluminum and nonferrous metals……….
Ferrous metal foundries………..…..…….
Fabricated metal products…….…………….
Machinery………………………………………
Farm machinery…..………….……………
Construction machinery…..………….…
Mining, oil field, and
gas field machinery………...…………..
Industrial machinery……….…………….
Photographic equipment….………………
Ventilation, heating, air-conditioning,
and refrigeration equipment…………
Metalworking machinery......……..…….
Turbines, generators, and other
power transmission equipment….…
Material handling equipment……………
Computers and electronic products2……….
Computers…………...…………………….
Computer storage devices……….………..
Other peripheral equipment……….……
Nondefense communications
equipment……………………….……..
Defense communications equipment….
Audio and video equipment……...………..
Electronic components…………..………..
Nondefense search and navigation
equipment……………….……...……….
Defense search and navigation
equipment…………..…………....…….
Electromedical, measuring,
and control instruments……..…...…
Electrical equipment, appliances,
and components………….….………………
Electric lighting equipment…..…..………..
Household appliances…………..……….
Electrical equipment………….……………
Batteries………………...…….……....…..
Transportation equipment………….………..
Automobiles……………………...……….
Light trucks and utility vehicles…………..
Heavy duty trucks ………...……………..
Motor vehicle bodies, parts,
and trailers………….…….....…………
Nondefense aircraft and parts…..………..
Defense aircraft and parts……...…...…
Ships and boats……..………….…….…..
Furniture and related products…….….…….
Miscellaneous durable goods……..………
13,315
13,266
26,811
14,917
10,238
1,656
35,289
37,800
2,537
4,348
13,285
13,136
26,772
14,926
10,190
1,656
35,246
37,579
2,465
4,181
13,423
13,097
26,802
14,955
10,155
1,692
35,374
37,271
2,395
4,217
0.2
1.0
0.1
-0.1
0.5
0.0
0.1
0.6
2.9
4.0
-1.0
0.3
-0.1
-0.2
0.3
-2.1
-0.4
0.8
2.9
-0.9
0.0
-0.9
0.1
0.7
-0.5
-2.5
0.1
-0.4
0.9
2.7
14,524
14,087
28,078
15,852
10,452
1,774
36,915
39,066
2,690
4,600
13,843
12,728
26,647
14,817
10,165
1,665
34,629
36,722
2,883
4,281
13,814
13,315
29,219
16,265
11,047
1,907
37,437
41,317
2,780
4,769
14,952
13,469
28,686
15,654
11,335
1,697
36,660
37,163
3,526
3,800
66,037
63,427
136,076
75,507
51,970
8,599
175,184
186,312
13,109
21,434
68,168
61,675
137,430
73,629
55,893
7,908
175,952
179,306
17,636
17,678
-3.1
2.8
-1.0
2.6
-7.0
8.7
-0.4
3.9
-25.7
21.2
1,817
3,347
660
1,767
3,593
636
1,671
3,761
624
2.8
-6.8
3.8
5.7
-4.5
1.9
-12.2
-1.9
2.1
1,807
3,195
678
1,661
3,324
539
1,774
4,214
732
1,455
3,601
589
8,518
17,258
3,022
6,868
17,683
2,937
24.0
-2.4
2.9
4,878
2,783
4,740
2,854
4,672
2,715
2.9
-2.5
1.5
5.1
-1.3
-5.1
5,416
2,760
4,527
2,615
5,126
2,966
4,822
2,764
23,016
13,529
21,486
13,597
7.1
-0.5
4,148
4,043
29,199
843
435
760
4,096
3,927
29,107
811
420
826
4,081
3,823
29,238
792
378
827
1.3
3.0
0.3
3.9
3.6
-8.0
0.4
2.7
-0.4
2.4
11.1
-0.1
6.4
1.7
-0.6
-1.6
5.6
8.1
4,249
4,204
27,368
836
371
633
4,021
3,751
26,418
770
384
651
4,152
4,364
30,932
760
481
910
3,564
3,616
26,972
755
307
475
19,847
19,597
138,125
3,699
1,833
3,514
17,592
18,054
134,041
3,381
1,618
2,377
12.8
8.5
3.0
9.4
13.3
47.8
2,768
208
480
4,651
2,833
206
378
4,554
2,884
203
377
4,700
-2.3
1.0
27.0
2.1
-1.8
1.5
0.3
-3.1
-2.3
-1.0
2.4
-3.3
2,509
195
471
4,745
2,458
200
312
4,288
3,388
209
325
5,111
2,652
185
419
4,756
13,084
975
1,834
23,009
13,078
931
2,107
22,505
0.0
4.7
-13.0
2.2
1,652
1,645
1,622
0.4
1.4
0.1
1,622
1,479
1,824
1,561
7,890
7,713
2.3
3,293
3,250
3,197
1.3
1.7
-0.3
3,237
3,151
3,415
3,081
15,533
15,089
2.9
8,852
8,900
8,862
-0.5
0.4
1.4
8,282
8,157
9,782
8,172
41,591
40,888
1.7
14,043
1,290
2,346
4,577
1,294
91,817
9,145
21,653
2,987
13,907
1,275
2,311
4,549
1,331
87,653
8,887
20,564
2,884
14,067
1,275
2,330
4,578
1,413
89,056
8,885
20,698
2,661
1.0
1.2
1.5
0.6
-2.8
4.8
2.9
5.3
3.6
-1.1
0.0
-0.8
-0.6
-5.8
-1.6
0.0
-0.6
8.4
0.9
0.5
-1.3
1.6
8.2
2.6
2.3
0.5
-5.8
14,296
1,353
2,413
4,634
1,267
91,861
9,430
21,024
3,127
13,352
1,230
2,156
4,300
1,237
82,530
8,457
18,810
2,731
15,464
1,351
2,625
5,254
1,488
102,753
10,826
24,355
3,051
13,134
1,229
2,383
4,058
901
80,718
7,659
19,185
2,368
68,236
6,226
11,255
22,403
6,243
436,512
43,883
102,353
14,282
62,473
5,829
11,246
19,072
4,497
393,021
38,972
93,228
11,533
9.2
6.8
0.1
17.5
38.8
11.1
12.6
9.8
23.8
28,871
13,675
4,836
3,769
6,849
14,585
28,868
10,694
4,922
3,821
6,812
14,427
29,010
12,512
4,666
3,854
6,880
14,451
0.0
27.9
-1.7
-1.4
0.5
1.1
-0.5
-14.5
5.5
-0.9
-1.0
-0.2
-0.1
22.6
-0.3
0.1
-0.2
0.0
30,189
12,694
4,721
3,992
6,883
14,483
28,239
9,323
4,473
3,802
6,592
13,596
32,274
15,274
5,177
4,252
7,012
15,442
28,900
8,352
4,348
3,739
6,864
13,968
146,766
53,935
22,619
19,159
33,539
70,315
140,224
40,245
21,244
17,210
33,040
68,899
4.7
34.0
6.5
11.3
1.5
2.1
Nondurable goods industries…….…………..
289,618
293,105
295,078
-1.2
-0.7
-1.8
300,371
290,783
306,452
320,993
1,461,001
1,477,239
-1.1
Food products……….…………..……….…..
Grain and oilseed milling…….....….……..
Dairy products……………...……...…….
Meat, poultry, and seafood products…
Beverage and tobacco products…………….
Beverages………………..….…..…………
Tobacco……...……..…….………………..
Textile mills………………….…………………
Textile products………..……………………
Apparel……………………..……..…………..
Leather and allied products………………….
Paper products…………………….……..…..
Pulp, paper, and paperboard mills....…
Paperboard containers……..…………….
Printing…………………...………….…….…..
Petroleum and coal products………………
Petroleum refineries………...……..……
Chemical products……..……………..…………
Pesticides, fertilizers, and other
agricultural chemicals….…...………....
Pharmaceuticals and medicines………….
Paints, coatings, and adhesives…....…
Plastics and rubber products…...…………
79,414
9,781
11,572
24,056
17,441
10,675
6,766
2,126
1,987
872
478
17,469
6,953
6,370
7,196
61,437
56,567
76,780
79,675
9,919
11,656
24,071
17,243
10,690
6,553
2,119
1,996
884
484
17,444
7,033
6,234
7,251
64,647
59,873
76,967
80,121
10,062
11,782
24,209
17,205
10,698
6,507
2,116
2,010
840
493
17,568
7,036
6,327
7,305
65,424
60,674
77,455
-0.3
-1.4
-0.7
-0.1
1.1
-0.1
3.3
0.3
-0.5
-1.4
-1.2
0.1
-1.1
2.2
-0.8
-5.0
-5.5
-0.2
-0.6
-1.4
-1.1
-0.6
0.2
-0.1
0.7
0.1
-0.7
5.2
-1.8
-0.7
0.0
-1.5
-0.7
-1.2
-1.3
-0.6
-0.2
-1.5
-0.3
0.2
2.7
-1.2
9.8
-1.5
-1.6
-2.1
-2.4
0.2
0.0
0.2
-1.4
-6.8
-7.3
-0.6
79,587
9,821
11,740
24,780
18,027
11,261
6,766
2,183
2,073
822
501
18,001
7,152
6,461
7,257
66,523
61,277
79,736
77,878
9,496
11,415
23,883
17,294
10,741
6,553
2,130
2,049
766
507
16,802
6,841
5,916
6,993
66,235
61,737
76,064
81,715
10,384
11,944
24,599
17,165
10,658
6,507
2,218
2,079
798
503
18,303
7,219
6,693
7,544
65,545
61,089
84,395
79,963
10,003
11,989
25,892
16,195
10,566
5,629
2,315
2,215
768
502
17,620
6,907
6,281
7,246
89,752
84,797
78,312
393,507
49,624
57,773
119,282
83,764
51,987
31,777
10,637
10,050
4,026
2,463
86,875
34,842
31,116
35,618
325,339
303,422
386,305
390,546
48,746
57,089
122,836
73,750
48,488
25,262
11,355
10,400
3,842
2,174
85,445
33,201
31,261
34,459
362,381
341,831
378,217
0.8
1.8
1.2
-2.9
13.6
7.2
25.8
-6.3
-3.4
4.8
13.3
1.7
4.9
-0.5
3.4
-10.2
-11.2
2.1
3,714
24,434
4,103
24,418
3,743
24,387
4,048
24,395
3,949
24,476
4,114
24,541
-0.8
0.2
1.4
0.1
-5.2
-0.4
-1.6
-0.6
0.5
-0.7
-2.7
-1.0
4,120
24,993
4,609
25,661
4,368
23,150
4,230
24,065
5,422
25,624
4,531
26,187
4,444
22,771
4,546
26,105
21,843
119,210
20,915
122,417
22,643
108,355
20,983
124,670
-3.5
10.0
-0.3
-1.8
Preliminary
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
Estimates and percent changes of shipments for the semiconductor industry are included in computers and electronic products, and all other applicable aggregate totals.
Note: 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 .
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 Full Report, July 5, 2023. Information on data sources and methodology can be found on our website at
.
Table 2. Value of Manufacturers' New Orders for Industry Groups1
[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
Industry
May
p
2023
Apr.
r
2023
Percent Change
Mar.
2023
Apr. May
All manufacturing industries2......……….……..
Excluding transportation2……….…………
Excluding defense2…………...…..……….
With unfilled orders2………...…..…………
577,971
475,510
559,721
206,204
576,416
477,747
555,376
202,964
574,915
480,758
558,585
199,496
0.3
-0.5
0.8
1.6
Durable goods industries2………….…..…….
288,353
283,311
279,837
26,803
14,942
10,200
1,661
35,238
37,764
4,377
26,683
14,931
10,057
1,695
35,219
37,299
4,365
26,830
15,026
10,103
1,701
35,290
37,160
4,263
1,726
3,663
657
1,793
3,339
673
4,825
2,600
Primary metals…………………….……………
Iron and steel mills…………..……….……
Aluminum and nonferrous metals……….
Ferrous metal foundries………..…..…….
Fabricated metal products…….……………..
Machinery………………………………………
Construction machinery…..……………….
Mining, oil field, and
gas field machinery………...…………..
Industrial machinery……….………………
Photographic equipment….……………….
Ventilation, heating, air-conditioning,
and refrigeration equipment……………
Metalworking machinery......……..………
Turbines, generators, and other
power transmission equipment….…….
Material handling equipment………………
Computers and electronic products2………..
Computers…………...…………………….
Nondefense communications
equipment……………………….…….…
Defense communications equipment…….
Electronic components…………..………..
Nondefense search and navigation
equipment……………….……...……….
Defense search and navigation
equipment…………..…………....…..…
Electromedical, measuring,
and control instruments……..…...…….
Electrical equipment, appliances,
and components………….….………………
Electric lighting equipment…..…..………..
Household appliances…………..…………
Electrical equipment………….……………
Transportation equipment……………………
Motor vehicle bodies, parts,
and trailers………….…….....………….
Nondefense aircraft and parts…..………..
Defense aircraft and parts……...….…….
Ships and boats……..………….………….
Furniture and related products…….….……..
Nondurable goods industries......……………
p
r
Mar. Apr.
Year to date
Monthly
Feb. Mar.
May
p
2023
Apr.
r
2023
% Change
Mar.
2023
May
2022
2023
2022
p
2023/
2022
0.3
-0.6
-0.6
1.7
0.6
-1.0
0.5
4.6
588,600
491,189
573,930
204,129
563,158
472,311
542,751
194,903
618,987
508,950
598,440
223,668
589,443
509,422
577,584
189,466
2,845,777
2,385,418
2,762,408
987,921
2,814,888
2,397,121
2,750,385
958,552
1.1
-0.5
0.4
3.1
1.8
1.2
3.3
288,229
272,375
312,535
268,450
1,384,776
1,337,649
3.5
0.4
0.1
1.4
-2.0
0.1
1.2
0.3
-0.5
-0.6
-0.5
-0.4
-0.2
0.4
2.4
0.5
1.1
-0.1
-1.8
0.7
-0.1
16.3
27,914
15,899
10,281
1,734
37,918
38,369
4,348
26,312
14,678
9,903
1,731
35,576
37,055
4,510
29,408
16,505
11,035
1,868
39,112
40,955
4,684
28,629
15,695
11,220
1,714
37,640
37,325
3,605
136,744
76,157
51,934
8,653
180,341
189,145
21,323
140,076
75,149
56,515
8,412
183,016
186,542
18,783
-2.4
1.3
-8.1
2.9
-1.5
1.4
13.5
1,610
3,584
727
-3.7
9.7
-2.4
11.4
-6.8
-7.4
-16.7
-7.8
1.0
1,716
3,416
622
1,687
3,248
523
1,713
4,057
765
1,455
3,671
576
8,435
18,321
3,233
6,723
19,003
2,808
25.5
-3.6
15.1
4,698
2,742
4,940
2,650
2.7
-5.2
-4.9
3.5
4.8
-8.5
5,313
2,537
4,627
2,622
5,633
2,730
5,191
2,643
24,098
13,521
23,530
13,939
2.4
-3.0
4,131
4,051
24,043
808
4,037
4,011
23,970
805
3,998
3,838
24,409
809
2.3
1.0
0.3
0.4
1.0
4.5
-1.8
-0.5
3.4
0.8
1.8
1.3
4,232
3,975
22,244
801
3,962
3,643
22,093
764
4,069
4,237
27,777
777
3,479
3,548
22,056
749
19,539
19,529
114,273
3,690
17,471
18,904
111,985
3,357
11.8
3.3
2.0
9.9
2,649
210
4,625
2,702
207
4,451
2,778
202
4,612
-2.0
1.4
3.9
-2.7
2.5
-3.5
-4.1
0.5
-2.7
2,207
191
4,597
2,310
194
4,262
3,376
201
4,894
2,617
177
4,538
12,606
960
22,463
13,445
906
22,856
-6.2
6.0
-1.7
1,776
1,776
1,767
0.0
0.5
3.4
1,709
1,658
2,034
1,623
8,588
8,498
1.1
3,305
3,336
3,616
-0.9
-7.7
12.7
2,909
3,250
4,520
2,739
16,078
14,552
10.5
8,842
8,917
8,890
-0.8
0.3
1.3
8,213
8,169
10,095
8,268
41,969
41,540
1.0
14,089
1,356
2,343
4,648
102,461
13,830
1,331
2,231
4,605
98,669
14,226
1,323
2,355
4,680
94,157
1.9
1.9
5.0
0.9
3.8
-2.8
0.6
-5.3
-1.6
4.8
0.4
2.1
-7.5
3.5
9.8
14,358
1,333
2,419
4,765
97,411
13,500
1,240
2,066
4,556
90,847
15,573
1,435
2,785
5,099
110,037
13,363
1,150
2,152
4,473
80,021
69,811
6,315
11,340
23,532
460,359
65,652
5,844
10,815
22,076
417,767
6.3
8.1
4.9
6.6
10.2
28,750
21,825
4,978
6,130
6,806
28,909
16,432
7,711
3,889
6,768
29,105
16,776
5,836
2,824
6,829
-0.6
32.8
-35.4
57.6
0.6
-0.7
-2.1
32.1
37.7
-0.9
-0.9
96.0
26.9
-18.7
-1.8
29,399
19,317
3,886
4,844
6,938
27,953
12,482
7,415
3,486
6,800
32,045
20,211
6,681
4,460
7,137
28,374
9,915
3,468
3,468
7,031
147,071
69,138
26,508
21,730
34,479
140,843
67,817
17,970
17,484
33,612
4.4
1.9
47.5
24.3
2.6
289,618
293,105
295,078
-1.2
-0.7
-1.8
300,371
290,783
306,452
320,993
1,461,001
1,477,239
-1.1
Preliminary
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.
1
2
Data on new orders are not available for the semiconductor industry. Estimates and percent changes for new orders exclude semiconductor industry data.
Note: 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 .
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: CBDRBFY23-0265).
Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, May Full Report, July 5, 2023. Information on data sources and methodology can be found on our website at
.
Table 3. Value of Manufacturers' Unfilled Orders for Industry Groups1
[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
Industry
Percent Change
May
2023p
Apr.
2023r
Mar.
2023
All manufacturing industries2......……….……
2
Excluding transportation ……….…………
Excluding defense2…………...…..………
1,301,945
498,194
1,058,070
1,291,462
498,355
1,050,364
1,280,943
498,852
1,045,270
0.8
0.0
0.7
Durable goods industries2………….…..……
1,301,945
1,291,462
1,280,943
37,720
22,633
10,488
4,599
129,064
140,033
11,025
37,728
22,608
10,526
4,594
129,115
140,069
10,996
37,817
22,603
10,659
4,555
129,142
140,349
10,812
5,229
12,534
4,133
5,320
12,218
4,136
13,618
9,686
Primary metals…………………….……………
Iron and steel mills…………..……….…….
Aluminum and nonferrous metals………….
Ferrous metal foundries………..…..……..
Fabricated metal products…….………………
Machinery……………………………………….
Construction machinery…..………………..
Mining, oil field, and
gas field machinery………...…………..
Industrial machinery……….……………….
Photographic equipment….………………..
Ventilation, heating, air-conditioning,
and refrigeration equipment…………….
Metalworking machinery......……..……….
Turbines, generators, and other
power transmission equipment….……..
Material handling equipment……………….
2
Computers and electronic products ………….
Computers…………...……………………..
Nondefense communications
equipment……………………….…….…
Defense communications equipment……..
Electronic components…………..…………
Nondefense search and navigation
equipment……………….……...………..
Defense search and navigation
equipment…………..…………....…..….
Electromedical, measuring,
and control instruments……..…...……..
Electrical equipment, appliances,
and components………….….……………….
Electric lighting equipment…..…..………..
Household appliances…………..………….
Electrical equipment………….…………….
Transportation equipment…………………….
Motor vehicle bodies, parts,
and trailers………….…….....…………..
Nondefense aircraft and parts…..………..
Defense aircraft and parts……...….……..
Ships and boats……..………….………….
Furniture and related products…….….……..
p
r
Apr. May
Mar. Apr.
Monthly
Feb. Mar.
% Change
May
2023p
Apr.
2023r
Mar.
2023
May
2022
May
2023/
2022
0.8
-0.1
0.5
0.4
0.1
0.4
1,305,734
503,975
1,061,568
1,300,741
504,532
1,056,184
1,290,994
503,102
1,052,059
1,236,623
504,647
1,012,620
0.8
0.8
0.4
1,305,734
1,300,741
1,290,994
1,236,623
5.6
0.0
0.1
-0.4
0.1
0.0
0.0
0.3
-0.2
0.0
-1.2
0.9
0.0
-0.2
1.7
0.1
0.3
-0.5
0.2
-0.1
-0.1
0.4
38,434
23,111
10,673
4,650
131,581
141,190
11,276
38,598
23,064
10,844
4,690
130,578
141,887
11,528
38,933
23,203
11,106
4,624
129,631
141,554
11,299
40,661
23,579
12,456
4,626
133,529
138,897
12,449
-5.5
-2.0
-14.3
0.5
-1.5
1.7
-9.4
5,294
12,472
4,099
-1.7
2.6
-0.1
0.5
-2.0
0.9
-1.1
-1.4
2.6
5,229
12,746
4,054
5,320
12,525
4,110
5,294
12,601
4,126
5,091
11,343
3,495
2.7
12.4
16.0
13,671
9,869
13,713
9,981
-0.4
-1.9
-0.3
-1.1
2.0
-0.6
14,034
9,776
14,137
9,999
14,037
9,992
12,107
10,563
15.9
-7.5
31,820
19,449
134,518
1,274
31,837
19,441
134,570
1,309
31,896
19,357
134,575
1,315
-0.1
0.0
0.0
-2.7
-0.2
0.4
0.0
-0.5
-0.3
0.1
0.3
1.3
31,820
19,172
134,963
1,274
31,837
19,401
135,762
1,309
31,896
19,509
135,658
1,315
32,204
17,888
134,227
1,303
-1.2
7.2
0.5
-2.2
17,008
236
16,911
17,127
234
16,937
17,258
233
17,040
-0.7
0.9
-0.2
-0.8
0.4
-0.6
-0.6
-0.4
-0.5
17,069
231
16,965
17,371
235
17,113
17,519
241
17,139
17,928
259
17,839
-4.8
-10.8
-4.9
31,069
30,945
30,814
0.4
0.4
0.5
31,077
30,990
30,811
29,591
5.0
35,958
35,946
35,860
0.0
0.2
1.2
36,068
36,396
36,297
35,557
1.4
32,062
32,072
32,055
0.0
0.1
0.1
32,279
32,348
32,336
31,750
1.7
43,457
3,870
4,629
22,553
803,751
43,411
3,804
4,632
22,482
793,107
43,488
3,748
4,712
22,426
782,091
0.1
1.7
-0.1
0.3
1.3
-0.2
1.5
-1.7
0.2
1.4
0.4
1.3
0.5
0.5
0.7
43,990
3,792
4,665
22,873
801,759
43,928
3,812
4,659
22,742
796,209
43,780
3,802
4,749
22,486
787,892
42,656
3,261
4,230
22,827
731,976
3.1
16.3
10.3
0.2
9.5
35,011
548,297
70,971
57,417
11,267
35,132
540,147
70,829
55,056
11,310
35,091
534,409
68,040
54,988
11,354
-0.3
1.5
0.2
4.3
-0.4
0.1
1.1
4.1
0.1
-0.4
0.3
0.8
1.7
-1.8
-0.4
35,246
545,918
71,191
57,757
11,682
36,036
539,295
72,026
56,905
11,627
36,322
536,136
69,084
57,221
11,419
36,524
494,134
62,534
52,909
12,419
-3.5
10.5
13.8
9.2
-5.9
5.6
-0.1
4.8
Preliminary
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.
1
2
Data on unfilled orders are not available for the semiconductor industry. Estimates and percent changes for unfilled orders exclude semiconductor industry data.
Note: 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
.
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 Full Report, July 5, 2023. Information on data sources and methodology can be found on our website at
.
Table 4. Value of Manufacturers' Inventories for Industry Groups1
[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
Industry
May
2023p
Apr.
2023r
Percent Change
Mar.
2023
Apr. May
Mar. Apr.
Monthly
Feb. Mar.
May
2023p
Apr.
2023r
% Change
Mar.
2023
May
2022
May
2023/
2022
All manufacturing industries......…………….
Excluding transportation……….…………..
Excluding defense…………...…..………
With unfilled orders…………...…..………
853,770
689,600
824,362
422,660
855,448
691,361
826,140
421,777
852,572
693,484
823,536
416,897
-0.2
-0.3
-0.2
0.2
0.3
-0.3
0.3
1.2
-0.8
-0.3
-0.9
-1.1
859,517
694,578
829,973
426,127
861,345
696,723
831,963
424,394
853,605
695,309
824,588
417,259
856,905
693,537
828,717
416,599
Durable goods industries………….…..……
522,995
521,711
516,694
0.2
1.0
-1.0
527,178
524,688
517,086
516,038
2.2
16,170
17,109
46,851
27,427
16,277
3,147
64,713
94,535
5,657
9,406
16,156
17,021
46,622
27,284
16,226
3,112
64,566
93,969
5,670
9,354
16,164
16,885
46,589
27,195
16,291
3,103
64,674
93,761
5,841
9,319
0.1
0.5
0.5
0.5
0.3
1.1
0.2
0.6
-0.2
0.6
0.0
0.8
0.1
0.3
-0.4
0.3
-0.2
0.2
-2.9
0.4
-0.5
-0.1
-0.5
-0.5
-0.6
0.4
-0.1
0.2
-0.9
-0.7
15,935
17,461
47,383
27,560
16,616
3,207
65,500
95,326
5,710
9,493
16,183
17,316
47,134
27,475
16,471
3,188
65,143
94,322
5,724
9,583
16,577
17,143
46,639
27,211
16,261
3,167
64,946
94,822
6,104
9,571
16,503
16,369
48,719
28,789
16,878
3,052
65,703
87,658
6,066
8,467
-3.4
6.7
-2.7
-4.3
-1.6
5.1
-0.3
8.7
-5.9
12.1
5,868
11,291
1,477
5,796
11,147
1,474
5,806
11,098
1,470
1.2
1.3
0.2
-0.2
0.4
0.3
-0.3
-0.1
1.7
5,937
11,327
1,488
5,792
10,709
1,499
5,747
11,447
1,429
5,149
10,282
1,429
15.3
10.2
4.1
9,533
7,373
9,412
7,396
9,260
7,420
1.3
-0.3
1.6
-0.3
0.8
0.3
9,959
7,405
9,892
7,395
9,700
7,365
8,266
7,089
20.5
4.5
11,841
8,212
55,059
1,954
618
1,042
11,829
8,049
55,065
2,019
643
1,039
11,825
7,917
55,215
1,993
646
1,028
0.1
2.0
0.0
-3.2
-3.9
0.3
0.0
1.7
-0.3
1.3
-0.5
1.1
0.5
0.5
-0.3
1.8
3.5
0.0
11,971
8,198
55,583
1,995
626
1,090
11,941
8,005
55,327
1,956
623
1,037
11,868
7,835
54,512
1,897
589
995
10,977
7,025
54,693
2,159
686
1,015
9.1
16.7
1.6
-7.6
-8.7
7.4
4,394
624
839
10,686
4,401
641
859
10,697
4,409
610
862
10,874
-0.2
-2.7
-2.3
-0.1
-0.2
5.1
-0.3
-1.6
-0.4
-0.5
0.5
-2.0
4,464
624
853
10,625
4,488
641
895
11,029
4,302
610
867
10,914
4,399
605
857
11,280
1.5
3.1
-0.5
-5.8
4,185
4,182
4,167
0.1
0.4
-0.3
4,178
4,182
4,106
3,919
6.6
3,336
3,344
3,351
-0.2
-0.2
0.4
3,408
3,391
3,347
3,442
-1.0
19,082
19,011
19,049
0.4
-0.2
0.3
19,436
19,049
18,875
18,372
5.8
26,211
2,533
3,620
9,629
1,886
164,170
5,888
9,620
2,889
26,086
2,504
3,586
9,602
1,883
164,087
5,794
9,462
2,940
26,091
2,545
3,599
9,589
1,862
159,088
5,667
9,404
2,963
0.5
1.2
0.9
0.3
0.2
0.1
1.6
1.7
-1.7
0.0
-1.6
-0.4
0.1
1.1
3.1
2.2
0.6
-0.8
0.8
-0.5
0.9
1.0
1.7
-3.0
-0.9
-3.2
1.9
26,717
2,533
3,680
9,959
1,996
164,939
5,759
9,992
2,971
26,488
2,498
3,636
9,825
1,960
164,622
5,644
9,612
2,979
26,292
2,511
3,617
9,607
1,968
158,296
5,444
9,150
2,977
25,276
2,514
3,809
9,039
1,958
163,368
5,639
10,053
2,829
5.7
0.8
-3.4
10.2
1.9
1.0
2.1
-0.6
5.0
35,139
77,569
14,186
4,594
10,448
27,729
35,233
77,766
14,088
4,564
10,433
27,706
35,156
73,226
14,052
4,553
10,504
27,723
-0.3
-0.3
0.7
0.7
0.1
0.1
0.2
6.2
0.3
0.2
-0.7
-0.1
-0.5
-5.8
0.9
-3.3
0.0
-0.1
35,282
77,805
14,213
4,637
10,522
27,812
35,671
77,804
14,116
4,565
10,387
27,766
35,311
72,793
13,986
4,596
10,390
27,469
35,075
78,504
13,820
4,521
10,471
27,278
0.6
-0.9
2.8
2.6
0.5
2.0
Nondurable goods industries…….……………
330,775
333,737
335,878
-0.9
-0.6
-0.7
332,339
336,657
336,519
340,867
-2.5
Food products……….…………..……….……
Grain and oilseed milling…….....….………
Dairy products……………...……...………
Meat, poultry, and seafood products…….
Beverage and tobacco products…………….
Beverages………………..….…..…………
Tobacco……...……..…….………………..
Textile mills………………….………………….
Textile products………..………………………
Apparel……………………..……..……………
Leather and allied products…………………..
Paper products…………………….……..……
Pulp, paper, and paperboard mills....…….
Paperboard containers……..……………..
Printing…………………...………….…….……
Petroleum and coal products…………………
Petroleum refineries………...……..………
Chemical products……..……………..…………
Pesticides, fertilizers, and other
agricultural chemicals….…...……….….
Pharmaceuticals and medicines…………..
Paints, coatings, and adhesives…....…….
Plastics and rubber products…...……………
71,739
7,669
10,941
13,240
31,010
27,298
3,712
3,615
3,714
2,196
1,285
18,354
5,723
6,987
7,011
44,282
37,338
113,139
72,140
7,874
10,944
13,348
31,046
27,335
3,711
3,600
3,756
2,222
1,283
18,392
5,713
7,010
7,019
46,298
39,246
113,379
72,466
7,961
10,862
13,386
31,299
27,588
3,711
3,612
3,784
2,267
1,310
18,429
5,696
6,992
6,987
47,456
40,314
113,501
-0.6
-2.6
0.0
-0.8
-0.1
-0.1
0.0
0.4
-1.1
-1.2
0.2
-0.2
0.2
-0.3
-0.1
-4.4
-4.9
-0.2
-0.4
-1.1
0.8
-0.3
-0.8
-0.9
0.0
-0.3
-0.7
-2.0
-2.1
-0.2
0.3
0.3
0.5
-2.4
-2.6
-0.1
0.0
-0.7
1.0
0.0
0.7
0.8
-0.1
-0.2
-0.6
-0.8
-1.1
-0.1
0.2
0.1
-1.6
-5.1
-6.0
0.1
69,728
7,379
11,255
13,044
31,029
27,392
3,637
3,627
3,692
2,198
1,296
18,373
5,753
6,953
6,859
46,743
39,676
114,251
71,099
7,943
11,223
13,246
31,479
27,750
3,729
3,590
3,734
2,161
1,279
18,406
5,737
6,948
6,987
48,689
41,546
114,382
71,802
8,113
10,968
13,322
31,513
27,711
3,802
3,594
3,789
2,172
1,297
18,362
5,744
6,913
6,932
47,559
40,332
114,452
68,134
7,726
10,579
13,032
30,935
27,191
3,744
3,635
3,895
2,115
1,191
18,281
5,540
6,766
6,895
57,777
50,877
113,377
2.3
-4.5
6.4
0.1
0.3
0.7
-2.9
-0.2
-5.2
3.9
8.8
0.5
3.8
2.8
-0.5
-19.1
-22.0
0.8
6,084
47,243
5,881
34,430
6,003
47,512
5,913
34,602
5,942
47,825
5,912
34,767
1.3
-0.6
-0.5
-0.5
1.0
-0.7
0.0
-0.5
-0.1
0.5
-0.8
0.4
6,066
47,912
5,942
34,543
6,126
47,978
6,099
34,851
6,278
48,199
6,064
35,047
6,044
47,028
5,699
34,632
0.4
1.9
4.3
-0.3
Wood products…………..……...….………….
Nonmetallic mineral products…….…………..
Primary metals…………………….…………….
Iron and steel mills…………..……….…….
Aluminum and nonferrous metals…………
Ferrous metal foundries………..…..……..
Fabricated metal products…….………………
Machinery……………………………………….
Farm machinery…..………….…………….
Construction machinery…..………….…….
Mining, oil field,
and gas field machinery………...……..
Industrial machinery……….……………….
Photographic equipment….……………….
Ventilation, heating, air-conditioning,
and refrigeration equipment……………
Metalworking machinery......……..……….
Turbines, generators, and other
power transmission equipment….……..
Material handling equipment………………
Computers and electronic products2…………
Computers…………...……………………..
Computer storage devices……….……….
Other peripheral equipment……….………
Nondefense communications
equipment……………………….……….
Defense communications equipment……..
Audio and video equipment……...………..
Electronic components…………..…………
Nondefense search and navigation
equipment……………….……...……….
Defense search and navigation
equipment…………..…………....…..….
Electromedical, measuring
and control instruments……..…......…..
Electrical equipment, appliances,
and components………….….……………….
Electric lighting equipment…..…..………..
Household appliances…………..………….
Electrical equipment………….…………….
Batteries………………...…….……....……
Transportation equipment………….…………
Automobiles……………………...…………
Light trucks and utility vehicles…………..
Heavy duty trucks ………...……………….
Motor vehicle bodies, parts,
and trailers………….…….....……….….
Nondefense aircraft and parts…..………..
Defense aircraft and parts……...…...……
Ships and boats……..………….…….……
Furniture and related products…….….………
Miscellaneous durable goods……..………….
0.3
0.2
0.2
2.3
p
Preliminary
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
Estimates of inventories for the semiconductor industry data are included in computers and electronic products, and all other applicable aggregate totals.
Note: 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 .
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 Full Report, July 5, 2023. Information on data sources and methodology can be found on our website at
.
Table 5. Value of Manufacturers' Shipments, New Orders, Unfilled Orders, and Total Inventories for
Topical Series1, 2
[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
Monthly
Year to date
% Change6
Industry
May
p
2023
Apr.
r
2023
Mar.
2023
Apr. May
Mar. Apr.
Feb. Mar.
May
Apr.
2023p
2023r
Mar.
2023
May
2022
2023p
2022
2023/
2022
SHIPMENTS
All manufacturing industries…………..………..
572,592
571,029
574,737
0.3
-0.6
-0.6
587,932
557,840
613,157
593,579
2,834,764
2,791,244
1.6
Construction materials and supplies…….
Information technology………….…………
Computers and related products………..
Motor vehicle and parts…………………….
62,102
24,640
2,038
62,656
61,605
24,498
2,057
61,203
61,789
24,390
1,997
61,254
0.8
0.6
-0.9
2.4
-0.3
0.4
3.0
-0.1
-0.3
0.4
3.6
0.2
66,712
23,605
1,840
63,770
61,200
22,669
1,805
58,237
64,021
26,736
2,151
70,506
65,770
22,903
1,537
58,112
302,566
115,822
9,046
307,284
302,978
112,677
7,376
283,957
-0.1
2.8
22.6
8.2
Capital goods……….……………...…..…..
Nondefense capital goods3………………
Excluding aircraft…….………………….
Defense capital goods4……….…….…….
96,361
83,186
74,082
13,175
93,565
80,229
73,837
13,336
94,479
81,589
73,479
12,890
3.0
3.7
0.3
-1.2
-1.0
-1.7
0.5
3.5
2.1
2.6
-0.2
-0.7
95,100
82,238
73,879
12,862
88,483
75,734
70,392
12,749
105,757
91,437
81,044
14,320
87,282
75,364
70,573
11,918
456,529
392,984
360,448
63,545
425,020
366,122
343,940
58,898
7.4
7.3
4.8
7.9
Consumer goods………………..…………..
Consumer durable goods……...…………
Consumer nondurable goods…………….
240,998
46,402
194,596
242,800
44,768
198,032
244,229
44,932
199,297
-0.7
3.6
-1.7
-0.6
-0.4
-0.6
-1.8
0.6
-2.3
247,639
46,440
201,199
238,571
42,082
196,489
254,404
51,489
202,915
262,969
42,347
220,622
1,205,451
221,984
983,467
1,201,977
207,114
994,863
0.3
7.2
-1.1
All manufacturing industries5…………..……..
577,971
576,416
574,915
0.3
0.3
0.6
588,600
563,158
618,987
589,443
2,845,777
2,814,888
1.1
Construction materials and supplies…….
Information technology………….…………
Computers and related products………..
Motor vehicle and parts…………………….
61,924
24,523
2,003
62,535
61,353
24,524
2,051
61,244
61,929
24,979
2,014
61,349
0.9
0.0
-2.3
2.1
-0.9
-1.8
1.8
-0.2
0.1
2.2
4.8
-0.2
67,460
22,843
1,805
62,980
61,980
22,755
1,799
57,951
65,976
28,414
2,168
70,277
66,926
22,781
1,531
57,586
307,461
117,424
9,037
307,589
310,112
114,357
7,352
284,576
-0.9
2.7
22.9
8.1
Capital goods……….……………...…..…..
Nondefense capital goods3………………
Excluding aircraft…….………………….
Defense capital goods4……….…….…….
107,122
91,220
74,102
15,902
104,100
85,450
73,577
18,650
99,006
85,285
73,034
13,721
2.9
6.8
0.7
-14.7
5.1
0.2
0.7
35.9
9.4
9.8
-0.6
6.9
101,135
88,193
73,155
12,942
98,088
79,686
71,065
18,402
113,508
95,869
80,632
17,639
87,620
77,359
70,942
10,261
484,682
412,564
364,886
72,118
461,066
404,916
354,930
56,150
5.1
1.9
2.8
28.4
Consumer goods………………..…………..
Consumer durable goods……...…………
Consumer nondurable goods…………..
241,009
46,413
194,596
242,771
44,739
198,032
244,182
44,885
199,297
-0.7
3.7
-1.7
-0.6
-0.3
-0.6
-1.9
0.2
-2.3
247,571
46,372
201,199
238,522
42,033
196,489
254,494
51,579
202,915
262,656
42,034
220,622
1,205,698
222,231
983,467
1,201,663
206,800
994,863
0.3
7.5
-1.1
NEW ORDERS
UNFILLED ORDERS
5
1,301,945
1,291,462
1,280,943
0.8
0.8
0.4
1,305,734
1,300,741
1,290,994
1,236,623
(X)
(X)
5.6
Construction materials and supplies…….
Information technology………….…………
Computers and related products………..
Motor vehicle and parts…………………….
100,118
134,145
1,274
35,011
100,296
134,262
1,309
35,132
100,548
134,236
1,315
35,091
-0.2
-0.1
-2.7
-0.3
-0.3
0.0
-0.5
0.1
0.1
0.4
1.3
0.3
102,642
134,712
1,274
35,246
101,894
135,474
1,309
36,036
101,114
135,388
1,315
36,322
102,386
132,221
1,303
36,524
(X)
(X)
(X)
(X)
(X)
(X)
(X)
(X)
0.3
1.9
-2.2
-3.5
Capital goods……….……………...…..…..
Nondefense capital goods3………………
Excluding aircraft…….………………….
Defense capital goods4……….…….…….
962,215
748,651
273,150
213,564
951,454
740,617
273,130
210,837
940,919
735,396
273,390
205,523
1.1
1.1
0.0
1.3
1.1
0.7
-0.1
2.6
0.5
0.5
-0.2
0.4
962,039
748,224
275,118
213,815
956,004
742,269
275,842
213,735
946,399
738,317
275,169
208,082
895,075
694,499
273,668
200,576
(X)
(X)
(X)
(X)
(X)
(X)
(X)
(X)
7.5
7.7
0.5
6.6
Consumer goods………………..…………..
Consumer durable goods……...…………
12,044
12,044
12,033
12,033
12,062
12,062
0.1
0.1
-0.2
-0.2
-0.4
-0.4
12,125
12,125
12,193
12,193
12,242
12,242
12,081
12,081
(X)
(X)
(X)
(X)
0.4
0.4
All manufacturing industries…………..………
853,770
855,448
852,572
-0.2
0.3
-0.8
859,517
861,345
853,605
856,905
(X)
(X)
0.3
Construction materials and supplies…….
Information technology………….…………
Computers and related products………..
Motor vehicle and parts…………………….
93,180
46,263
3,614
53,536
92,946
46,292
3,701
53,429
92,855
46,248
3,667
53,190
0.3
-0.1
-2.4
0.2
0.1
0.1
0.9
0.4
0.0
0.4
1.6
-0.9
94,308
46,879
3,711
54,004
94,313
46,497
3,616
53,906
94,216
45,771
3,481
52,882
92,386
44,999
3,860
53,596
(X)
(X)
(X)
(X)
(X)
(X)
(X)
(X)
2.1
4.2
-3.9
0.8
Capital goods……….……………...…..…..
Nondefense capital goods3………………
Excluding aircraft…….………………….
Defense capital goods4……….…….…….
249,847
225,663
161,852
24,184
249,558
225,427
161,363
24,131
244,528
220,666
161,191
23,862
0.1
0.1
0.3
0.2
2.1
2.2
0.1
1.1
-1.6
-1.8
0.3
0.1
251,622
227,329
163,545
24,293
249,946
225,769
161,828
24,177
244,223
220,314
161,301
23,909
241,747
218,624
153,717
23,123
(X)
(X)
(X)
(X)
(X)
(X)
(X)
(X)
4.1
4.0
6.4
5.1
Consumer goods………………..…………..
Consumer durable goods……...…………
Consumer nondurable goods…………….
252,360
42,854
209,506
254,905
42,615
212,290
257,063
42,639
214,424
-1.0
0.6
-1.3
-0.8
-0.1
-1.0
-1.0
-1.1
-1.0
253,572
43,079
210,493
256,907
42,565
214,342
256,136
41,933
214,203
262,570
43,271
219,299
(X)
(X)
(X)
(X)
(X)
(X)
-3.4
-0.4
-4.0
All manufacturing industries …………..……..
TOTAL INVENTORIES
X
Not Applicable
Preliminary
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 noncalendar 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
Topical series are regroupings of the separate industry categories.
3
Nondefense capital goods industries include: 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.
4
Defense capital goods industries include: small arms and ordnance; communications equipment; aircraft; missiles, space vehicles, and parts; ships and boats; and search and navigation equipment.
5
Estimates and percent changes exclude semiconductor industry data.
6
Based on year-to-date for shipments and new orders, but on same month prior year for unfilled orders and inventories.
Note: 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 .
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 Full Report, July 5, 2023. Information on data sources and methodology can be found on our website at
.
p
r
Table 6. Value of Manufacturers' Inventories, by Stage of Fabrication, by Industry Group1
[Estimates are shown in millions of dollars and are based on data from the Manufacturers' Shipments, Inventories, and Orders Survey.]
Seasonally Adjusted
Industry
Not Seasonally Adjusted
Monthly
May
p
2023
Apr.
r
2023
Percent Change
Mar.
2023
Apr. May
Mar. Apr.
Monthly
Feb. Mar.
May
p
2023
Apr.
r
2023
% Change
Mar.
2023
May
2022
May
2023/
2022
MATERIALS AND SUPPLIES
315,330
315,748
316,441
-0.1
-0.2
-0.3
315,821
316,501
316,227
314,310
0.5
Durable goods industries.....................…..
Wood products…………..…………………
Nonmetallic mineral products……………..
Primary metals……………….…..…………
Fabricated metal products……………………..
Machinery……………………………………
Computers and electronic products……..
Electrical equipment, appliances,
and components………………………….
Transportation equipment…………………
Furniture and related products……………
Miscellaneous products………...………….
197,789
7,774
7,738
19,014
24,596
40,523
26,622
197,139
7,798
7,688
19,098
24,447
40,643
26,524
196,706
7,806
7,704
19,243
24,559
40,247
26,419
0.3
-0.3
0.7
-0.4
0.6
-0.3
0.4
0.2
-0.1
-0.2
-0.8
-0.5
1.0
0.4
0.1
0.6
-0.1
1.7
-0.1
-0.3
0.1
197,947
7,454
7,797
19,073
24,599
40,743
26,826
197,285
7,589
7,735
19,112
24,327
40,814
26,505
196,205
7,844
7,752
18,988
24,488
40,264
26,013
191,355
7,661
7,111
19,676
25,948
37,682
24,905
3.4
-2.7
9.6
-3.1
-5.2
8.1
7.7
12,696
43,640
5,382
9,804
12,643
43,110
5,362
9,826
12,621
42,878
5,407
9,822
0.4
1.2
0.4
-0.2
0.2
0.5
-0.8
0.0
0.5
-0.3
0.2
0.3
12,874
43,342
5,450
9,789
12,793
43,222
5,396
9,792
12,694
43,042
5,446
9,674
11,891
41,783
5,305
9,393
8.3
3.7
2.7
4.2
Nondurable goods industries..............……..
Food products...…...........………..……..
Beverage and tobacco products.....................…
Textiles.............….....…...…….......……
Textile products……..………..…………….
Apparel……………….……………………..
Leather and allied products…….………….
Paper products..…………..….….....……..
Printing ………….………………...………..
Petroleum and coal products……………..
Chemical products…………………..………
Plastics and rubber products……..….……
117,541
26,176
6,389
1,457
1,724
569
387
9,684
3,562
12,739
39,467
15,387
118,609
26,285
6,376
1,450
1,726
566
395
9,720
3,604
13,292
39,731
15,464
119,735
26,539
6,391
1,447
1,726
612
403
9,733
3,596
14,013
39,646
15,629
-0.9
-0.4
0.2
0.5
-0.1
0.5
-2.0
-0.4
-1.2
-4.2
-0.7
-0.5
-0.9
-1.0
-0.2
0.2
0.0
-7.5
-2.0
-0.1
0.2
-5.1
0.2
-1.1
-0.8
-0.2
1.7
-0.6
0.5
-1.0
-1.2
0.0
-2.7
-4.4
-0.3
-0.9
117,874
25,705
6,366
1,467
1,717
569
393
9,626
3,493
13,381
39,840
15,317
119,216
25,901
6,453
1,451
1,712
556
395
9,631
3,590
14,032
40,081
15,414
120,022
26,382
6,513
1,446
1,723
597
398
9,671
3,575
14,098
39,992
15,627
122,955
25,558
6,237
1,428
1,685
632
393
9,483
3,549
18,559
39,822
15,609
-4.1
0.6
2.1
2.7
1.9
-10.0
0.0
1.5
-1.6
-27.9
0.0
-1.9
239,332
241,269
237,636
-0.8
1.5
-2.2
241,082
243,113
237,749
240,368
0.3
177,333
1,855
1,683
12,665
16,689
24,656
13,527
178,073
1,866
1,661
12,571
16,681
24,376
13,696
174,000
1,848
1,644
12,477
16,738
24,802
13,874
-0.4
-0.6
1.3
0.7
0.0
1.1
-1.2
2.3
1.0
1.0
0.8
-0.3
-1.7
-1.3
-2.6
-0.4
0.6
-3.4
0.1
2.3
-1.6
178,689
1,837
1,745
12,853
16,959
24,973
13,743
178,822
1,872
1,720
12,754
16,905
24,226
14,047
174,033
1,890
1,698
12,511
16,890
25,177
13,936
179,750
2,150
1,630
13,607
16,306
23,655
15,103
-0.6
-14.6
7.1
-5.5
4.0
5.6
-9.0
4,583
95,434
1,484
4,757
4,555
96,448
1,466
4,753
4,544
91,828
1,467
4,778
0.6
-1.1
1.2
0.1
0.2
5.0
-0.1
-0.5
0.3
-4.7
-0.3
0.4
4,706
95,602
1,473
4,798
4,629
96,455
1,425
4,789
4,544
91,215
1,445
4,727
4,665
96,511
1,458
4,665
0.9
-0.9
1.0
2.9
61,999
7,640
11,068
576
468
281
132
1,611
1,219
15,595
19,466
3,943
63,196
7,733
11,042
580
474
277
130
1,632
1,193
16,460
19,771
3,904
63,636
7,869
11,008
584
470
271
134
1,651
1,164
16,681
19,956
3,848
-1.9
-1.2
0.2
-0.7
-1.3
1.4
1.5
-1.3
2.2
-5.3
-1.5
1.0
-0.7
-1.7
0.3
-0.7
0.9
2.2
-3.0
-1.2
2.5
-1.3
-0.9
1.5
-1.3
-1.0
1.3
0.2
0.0
-1.1
1.5
-0.1
-1.1
-4.5
-0.2
-0.8
62,393
7,139
10,956
578
459
286
134
1,624
1,141
16,551
19,594
3,931
64,291
7,445
11,073
581
471
273
131
1,642
1,166
17,644
19,960
3,905
63,716
7,796
11,025
580
472
267
138
1,652
1,140
16,915
19,850
3,881
60,618
7,327
10,541
628
484
277
132
1,695
1,266
15,442
18,840
3,986
2.9
-2.6
3.9
-8.0
-5.2
3.2
1.5
-4.2
-9.9
7.2
4.0
-1.4
All manufacturing industries..........……..…..
WORK IN PROCESS
All manufacturing industries..........……..…..
Durable goods industries.....................…..
Wood products…………..…………………
Nonmetallic mineral products……………..
Primary metals……………….…..…………
Fabricated metal products……………………..
Machinery……………………………………
Computers and electronic products……..
Electrical equipment, appliances,
and components………………………….
Transportation equipment…………………
Furniture and related products……………
Miscellaneous products………...………….
Nondurable goods industries..............……..
Food products...…...........………..……..
Beverage and tobacco products.....................…
Textiles.............….....…...…….......……
Textile products……..………..…………….
Apparel……………….……………………..
Leather and allied products…….………….
Paper products..…………..….….....……..
Printing ………….………………...………..
Petroleum and coal products……………..
Chemical products…………………..………
Plastics and rubber products……..….……
FINISHED GOODS
All manufacturing industries..........……..…..
p
299,108
298,431
298,495
0.2
0.0
-0.4
302,614
301,731
299,629
302,227
0.1
Durable goods industries.....................…..
Wood products…………..…………………
Nonmetallic mineral products……………..
Primary metals……………….…..…………
Fabricated metal products……………………..
Machinery……………………………………
Computers and electronic products……..
Electrical equipment, appliances,
and components………………………….
Transportation equipment…………………
Furniture and related products……………
Miscellaneous products………...………….
147,873
6,541
7,688
15,172
23,428
29,356
14,910
146,499
6,492
7,672
14,953
23,438
28,950
14,845
145,988
6,510
7,537
14,869
23,377
28,712
14,922
0.9
0.8
0.2
1.5
0.0
1.4
0.4
0.4
-0.3
1.8
0.6
0.3
0.8
-0.5
-0.4
-1.9
-0.1
-0.7
-0.1
-0.9
0.4
150,542
6,644
7,919
15,457
23,942
29,610
15,014
148,581
6,722
7,861
15,268
23,911
29,282
14,775
146,848
6,843
7,693
15,140
23,568
29,381
14,563
144,933
6,692
7,628
15,436
23,449
26,321
14,685
3.9
-0.7
3.8
0.1
2.1
12.5
2.2
8,932
25,096
3,582
13,168
8,888
24,529
3,605
13,127
8,926
24,382
3,630
13,123
0.5
2.3
-0.6
0.3
-0.4
0.6
-0.7
0.0
1.5
-0.8
-0.3
-0.6
9,137
25,995
3,599
13,225
9,066
24,945
3,566
13,185
9,054
24,039
3,499
13,068
8,720
25,074
3,708
13,220
4.8
3.7
-2.9
0.0
Nondurable goods industries..............……..
Food products...…...........………..……..
Beverage and tobacco products.....................…
Textiles.............….....…...…….......……
Textile products……..………..…………….
Apparel……………….……………………..
Leather and allied products…….………….
Paper products..…………..….….....……..
Printing ………….………………...………..
Petroleum and coal products……………..
Chemical products…………………..………
Plastics and rubber products……..….……
151,235
37,923
13,553
1,582
1,522
1,346
766
7,059
2,230
15,948
54,206
15,100
151,932
38,122
13,628
1,570
1,556
1,379
758
7,040
2,222
16,546
53,877
15,234
152,507
38,058
13,900
1,581
1,588
1,384
773
7,045
2,227
16,762
53,899
15,290
-0.5
-0.5
-0.6
0.8
-2.2
-2.4
1.1
0.3
0.4
-3.6
0.6
-0.9
-0.4
0.2
-2.0
-0.7
-2.0
-0.4
-1.9
-0.1
-0.2
-1.3
0.0
-0.4
-0.3
0.5
-0.2
0.1
-1.9
-0.6
-1.5
-0.1
-0.1
-6.3
0.5
2.0
152,072
36,884
13,707
1,582
1,516
1,343
769
7,123
2,225
16,811
54,817
15,295
153,150
37,753
13,953
1,558
1,551
1,332
753
7,133
2,231
17,013
54,341
15,532
152,781
37,624
13,975
1,568
1,594
1,308
761
7,039
2,217
16,546
54,610
15,539
157,294
35,249
14,157
1,579
1,726
1,206
666
7,103
2,080
23,776
54,715
15,037
-3.3
4.6
-3.2
0.2
-12.2
11.4
15.5
0.3
7.0
-29.3
0.2
1.7
Preliminary
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.
Note: 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 .
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-FY230265).
Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, May Full Report, July 5, 2023. Information on data sources and methodology can be found on our website at
.
r
1
Table 7. Ratios of Manufacturers' Inventories to Shipments and Unfilled Orders
to Shipments, by Industry Group 1
[Based on Seasonally Adjusted data from the Manufacturers' Shipments, Inventories, and Orders Survey.]
Inventory/Shipments ratio
Industry
May
Apr
2023p
2023r
Mar
2023
Unfilled Orders/Shipments ratio2
Feb
2023
May
Apr
2023p
2023r
Mar
2023
Feb
2023
All manufacturing industries3.……………………………..
1.49
1.50
1.48
1.49
(X)
(X)
(X)
(X)
Durable goods industries3.....…........……………………
Wood products………………..…………………………………
Nonmetallic mineral products………………………..
Primary metals……………….…………………………………..
Fabricated metal products………………………………..
Machinery……………….…..……….……………………………..
1.85
1.21
1.29
1.75
1.83
2.50
1.89
1.88
1.22
1.30
1.74
1.83
2.50
1.89
1.85
1.20
1.29
1.74
1.83
2.52
1.89
1.88
1.21
1.28
1.75
1.83
2.50
1.88
6.65
(X)
(X)
1.41
3.75
4.07
6.04
6.71
(X)
(X)
1.41
3.76
4.09
6.06
6.60
(X)
(X)
1.41
3.75
4.13
6.05
6.64
(X)
(X)
1.41
3.75
4.12
5.99
1.87
1.79
1.53
1.90
1.88
1.87
1.53
1.92
1.85
1.79
1.53
1.92
1.86
1.89
1.52
1.92
3.41
13.85
1.91
(X)
3.45
14.34
1.92
(X)
3.44
13.77
1.91
(X)
3.43
14.21
1.91
(X)
1.14
0.90
1.78
1.70
1.87
2.52
2.69
1.05
0.97
0.72
1.47
1.41
1.14
0.91
1.80
1.70
1.88
2.51
2.65
1.05
0.97
0.72
1.47
1.42
1.14
0.90
1.82
1.71
1.88
2.70
2.66
1.05
0.96
0.73
1.47
1.42
1.13
0.90
1.85
1.68
1.86
2.66
2.62
1.05
0.96
0.71
1.46
1.40
(X)
(X)
(X)
(X)
(X)
(X)
(X)
(X)
(X)
(X)
(X)
(X)
(X)
(X)
(X)
(X)
(X)
(X)
(X)
(X)
(X)
(X)
(X)
(X)
(X)
(X)
(X)
(X)
(X)
(X)
(X)
(X)
(X)
(X)
(X)
(X)
(X)
(X)
(X)
(X)
(X)
(X)
(X)
(X)
(X)
(X)
(X)
(X)
Computers and electronic products3……………….
Electrical equipment, appliances,
and components………………....…………………………
Transportation equipment……………………………….
Furniture and related products……………………….
Miscellaneous products……………………………………
Nondurable goods industries……………………………..
Food products…………………………………………………….
Beverage and tobacco products………………………
Textiles……………….…….……….………………………………..
Textile products……………….….…………………………….
Apparel………….…………..…..….………………………………
Leather and allied products…………………………..
Paper products…………………..……………………………..
Printing………………...….………………………………………..
Petroleum and coal products………………………….
Chemical products………………..………………………….
Plastics and rubber products…………………………..
X Not Applicable
p
Preliminary
r
Revised data due to late receipts and concurrent seasonal adjustment.
2
Excludes the following industries with no unfilled orders: Wood products; nonmetallic mineral products; medical equipment and supplies; office
supplies; other miscellaneous manufacturing; cutlery and handtools; farm and garden machinery; computer storage and peripheral devices; audio and
video equipment; manufacturing and reproducing magnetic and optical media; batteries; automobiles; light trucks and utility vehicles; heavy duty trucks;
and miscellaneous furniture.
3
Unfilled orders to shipments ratio excludes semiconductor manufacturing.
Note: 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
.
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 Full Report, July 5, 2023. Information on data sources
and methodology can be found on our website at .
Table 8. Revisions to Previously Published Monthly Percent Changes 1
[Based on Seasonally Adjusted data from the Manufacturers' Shipments, Inventories, and Orders Survey.]
Shipments
New Orders
Unfilled Orders
Industry
May2
2023
May3
2022Apr
2023
May2
2023
May3
2022Apr
2023
May2
2023
May3
2022Apr
2023
Inventories
May2
2023
May3
2022Apr
2023
All manufacturing industries.…..…..…….
(X)
0.3
(X)
0.3
(X)
0.0
(X)
0.1
Durable goods industries.....…........…….
Wood products………………..……………………
Nonmetallic mineral products…………..
Primary metals……………….……………………..
Fabricated metal products………………..
Machinery……………….…..……….………………..
Computers and electronic products…..
Electrical equipment, appliances,
and components………………....……………
Transportation equipment………………..
Furniture and related products………….
Miscellaneous products……………………..
0.1
(X)
(X)
0.0
0.0
0.3
0.0
0.2
0.2
0.4
0.3
0.2
0.2
0.2
0.1
(X)
(X)
-0.1
0.1
0.2
0.0
0.4
(NA)
(NA)
0.4
0.4
0.4
0.4
0.0
(X)
(X)
0.0
0.0
0.0
0.0
0.0
(NA)
(NA)
0.2
0.1
0.1
0.1
0.0
(X)
(X)
0.0
0.0
0.1
0.0
0.1
0.2
0.2
0.1
0.1
0.1
0.1
0.2
0.2
(X)
(X)
0.4
0.5
0.2
0.3
0.2
-0.1
(X)
(X)
0.5
1.2
0.6
0.3
0.0
-0.1
(X)
(X)
0.2
0.1
0.4
0.1
0.0
0.0
(X)
(X)
0.2
0.1
0.4
0.1
Nondurable goods industries……………….
Food products……………………………………….
Beverage and tobacco products…………
Textiles……………….…….……….………………….
Textile products……………….….………………
Apparel………….…………..…..….…………………
Leather and allied products………………
Paper products…………………..…………………
Printing………………...….……………………………
Petroleum and coal products……………
Chemical products………………..……………
Plastics and rubber products…………….
(X)
(X)
(X)
(X)
(X)
(X)
(X)
(X)
(X)
(X)
(X)
(X)
0.4
0.1
0.3
0.5
0.3
0.6
1.0
0.1
0.5
1.3
0.3
0.2
(X)
(X)
(X)
(X)
(X)
(X)
(X)
(X)
(X)
(X)
(X)
(X)
(NA)
(NA)
(NA)
(NA)
(NA)
(NA)
(NA)
(NA)
(NA)
(NA)
(NA)
(NA)
(X)
(X)
(X)
(X)
(X)
(X)
(X)
(X)
(X)
(X)
(X)
(X)
(NA)
(NA)
(NA)
(NA)
(NA)
(NA)
(NA)
(NA)
(NA)
(NA)
(NA)
(NA)
(X)
(X)
(X)
(X)
(X)
(X)
(X)
(X)
(X)
(X)
(X)
(X)
0.1
0.1
0.1
0.4
0.2
0.7
0.8
0.1
0.3
0.5
0.2
0.2
X Not Applicable
NA Not Available
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
The current month revisions are the difference between the advance percent change and the percent change as shown in this publication.
3
The twelve month revisions are the differences between the month-to-month percent changes of the preliminary and final estimates. The
monthly averages are the simple averages of the absolute values of the differences for the months specified. The advance to final percent
change revisions for the durable goods industries are shown in the advance report for the month.
Note: 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
.
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 Full Report, July 5, 2023. Information on
data sources and methodology can be found on our website at
.
| File Type | application/pdf |
| Author | Nathan R Scarlett (CENSUS/EID FED) |
| File Modified | 2023-07-03 |
| File Created | 2023-07-03 |