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FOR RELEASE AT 8:30 AM EST, THURSDAY, JANUARY 26, 2023 

MONTHLY ADVANCE REPORT ON DURABLE GOODS MANUFACTURERS’ SHIPMENTS, 

INVENTORIES AND ORDERS DECEMBER 2022

Release Number: CB 23-14 M3-1 (22)-12 

January 26, 2023 — The U.S. Census Bureau announces the December advance report on durable goods 

manufacturers’ shipments, inventories and orders:

New Orders

New orders for manufactured durable goods in December, up four of the last five months, increased $15.3

billion or 5.6 percent to $286.9 billion, the U.S. Census Bureau announced today. This followed a 1.7 

percent November decrease. Excluding transportation, new orders decreased 0.1 percent. Excluding 

defense, new orders increased 6.3 percent. Transportation equipment, also up four of the last five

months, drove the increase, $15.5 billion or 16.7 percent to $108.1 billion.

Shipments

Shipments of manufactured durable goods in December, up nineteen of the last twenty months, increased

$1.4 billion or 0.5 percent to $277.7 billion. This followed a 0.4 percent November increase. 

Transportation equipment, up fourteen of the last fifteen months, drove the increase, $1.5 billion or 1.7

percent to $93.8 billion.

DURABLE GOODS – NEW ORDERS

DECEMBER 2022 $286.9 billion +5.6%°

NOVEMBER 2022

(revised) $271.6 billion -1.7%°

Next release: February 27, 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, January 26, 

2023.

3.1%

-0.7%

0.7% 0.4% 0.8%

2.3%

-0.1%

0.2% 0.2%

0.7%

-1.7%

5.6%

-6.0%

-5.0%

-4.0%

-3.0%

-2.0%

-1.0%

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%

Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22

DURABLE GOODS NEW ORDERS 2022

Seasonally Adjusted, Month-To-Month Percentage Change

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders, January 26, 2023.
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Unfilled Orders

Unfilled orders for manufactured durable goods in December, up twenty-eight consecutive months, 

increased $14.5 billion or 1.3 percent to $1,158.2 billion. This followed a virtually unchanged November

increase. Transportation equipment, up twenty-two of the last twenty-three months, led the increase, 

$14.3 billion or 2.1 percent to $685.0 billion.

Inventories

Inventories of manufactured durable goods in December, up twenty-three consecutive months, increased

$3.5 billion or 0.7 percent to $493.6 billion. This followed a 0.2 percent November increase. 

Transportation equipment, up two consecutive months, led the increase, $1.7 billion or 1.1 percent to 

$158.6 billion. 

Capital Goods

Nondefense new orders for capital goods in December increased $16.2 billion or 19.2 percent to $100.6

billion. Shipments increased $0.2 billion or 0.2 percent to $85.2 billion. Unfilled orders increased $15.4

billion or 2.4 percent to $666.1 billion. Inventories increased $3.0 billion or 1.4 percent to $218.9 billion. 

Defense new orders for capital goods in December decreased $0.4 billion or 2.8 percent to $15.0 billion. 

Shipments increased $0.7 billion or 5.1 percent to $15.0 billion. Unfilled orders decreased $0.1 billion or 

virtually unchanged to $188.0 billion. Inventories increased $0.1 billion or 0.3 percent to $23.0 billion.

Revised November Data

Revised seasonally adjusted November figures for all manufacturing industries were: new orders, $542.7

billion (revised from $543.3 billion); shipments, $547.4 billion (revised from $548.6 billion); unfilled orders, 

$1,143.7 billion (revised from $1,143.1 billion) and total inventories, $804.8 billion (revised from $804.7

billion).

Revised and more detailed estimates, plus nondurable goods data, will be published on February 2, 2023, 

at 10:00 a.m. EST. The Advance Report on durable goods for January is scheduled for release on February

27, 2023, at 8:30 a.m. EST. View the full schedule in the Economic Briefing Room:

<www.census.gov/economic-indicators/>. The full text and tables of this release can be found at

<www.census.gov/m3>.

EXPLANATORY NOTES

Figures in text are adjusted for seasonality, but not for inflation. Figures on new and unfilled orders 

exclude data for semiconductor manufacturing. 
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“Virtually unchanged” indicates that the change is less than 0.05 percent for a percent increase or 

decrease.

Description of the survey 

This report is compiled from results of the U.S. Census Bureau’s Manufacturers’ Shipments, Inventories, 

and Orders (M3) survey, which is a voluntary survey authorized by Title 13 of the United States Code. This 

survey provides statistics on a calendar-month basis for manufacturers' value of shipments, new orders 

(net of cancellations), end-of-month order backlog (unfilled orders), end-of-month total inventory (at 

current cost or market value), and inventories by stage of fabrication (materials and supplies, work-inprocess, and finished goods). Data published from the M3 survey are based on a panel of approximately 

5,000 reporting units that represent approximately 3,100 companies and provide an indication of monthto-month change for the Manufacturing Sector. These reporting units may be divisions of diversified large 

companies, large homogenous companies, or single-unit manufacturers in 92 industry categories, which 

are combined into 65 publication levels due to the small monthly panel size. The survey methodology 

assumes that the month-to-month changes of the total operations of the reporting units in the M3 panel 

effectively represent the month-to-month movements of all establishments that make up the category. 

The companies for which shipments data are currently reported or imputed in the M3 survey represent 

approximately 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: 

<www.census.gov/manufacturing/m3/how_the_data_are_collected/index.html>.
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Benchmark notice

Revised historical data from the Manufacturers’ Shipments, Inventories, and Orders (M3) Survey will be

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 will span 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 will contain

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.

<www.census.gov/developers/> 

FRED Mobile App

Receive the latest updates on the nation’s key economic indicators by downloading 

the FRED App <https://fred.stlouisfed.org/fred-mobile/> 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.

###
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 Not Seasonally Adjusted 

Monthly Percent Change Monthly Year to Date

Item Percent

Dec Nov Oct Nov - Oct - Sep - Dec Nov Dec Change

2022 2 2022 r 2022 Dec 2 Nov r Oct 2022 2 2022 r 2021 2022 2021 2022/2021

DURABLE GOODS

 Total:

 Shipments................................ 277,660 276,278 275,285 0.5 0.4 0.3 279,412 268,375 258,935 3,235,510 2,923,246 10.7

 New Orders4.............................. 286,885 271,588 276,366 5.6 -1.7 0.7 297,240 259,730 267,477 3,254,293 2,943,966 10.5

 Excluding transportation:

 Shipments................................ 183,867 184,024 184,191 -0.1 -0.1 0.2 181,005 176,334 176,219 2,190,690 2,015,401 8.7

 New Orders4.............................. 178,825 179,028 178,914 -0.1 0.1 0.1 175,380 169,071 174,724 2,140,336 2,013,227 6.3

 Excluding defense:

 Shipments................................ 260,478 259,680 258,815 0.3 0.3 0.4 260,303 250,733 241,949 3,040,372 2,740,914 10.9

 New Orders4.............................. 269,639 253,730 259,598 6.3 -2.3 0.4 272,946 242,171 246,653 3,053,374 2,762,894 10.5

 Manufacturing with unfilled orders:

 Shipments................................ 190,975 190,191 189,542 0.4 0.3 0.5 194,611 183,839 180,204 2,231,748 2,012,565 10.9

 New Orders.............................. 205,482 190,676 195,690 7.8 -2.6 1.0 217,249 181,005 193,041 2,310,455 2,090,583 10.5

 Primary metals:

 Shipments................................ 19,913 20,016 20,251 -0.5 -1.2 -0.4 18,095 18,666 18,745 246,278 225,207 9.4

 New Orders.............................. 20,013 20,080 20,125 -0.3 -0.2 -0.6 18,470 18,805 19,111 246,184 229,095 7.5

 Fabricated metal products:

 Shipments................................ 36,588 36,446 36,544 0.4 -0.3 -0.4 33,883 34,906 33,671 439,145 399,765 9.9

 New Orders.............................. 36,451 36,339 36,382 0.3 -0.1 -0.2 32,823 33,803 33,908 439,333 419,286 4.8

 Machinery:

 Shipments................................ 38,339 38,671 38,825 -0.9 -0.4 1.4 39,176 35,587 37,487 452,341 403,850 12.0

 New Orders.............................. 38,335 39,011 39,199 -1.7 -0.5 1.5 38,161 35,828 37,523 458,352 420,255 9.1

 Computers and electronic products4:

 Shipments................................ 29,549 29,599 29,552 -0.2 0.2 0.6 32,764 29,838 30,791 347,151 325,376 6.7

 New Orders.............................. 24,175 24,312 24,188 -0.6 0.5 -0.2 29,145 23,471 28,556 288,457 275,192 4.8

 Computers and related products:

 Shipments................................ 2,246 2,286 2,270 -1.7 0.7 4.6 2,797 2,177 2,173 24,592 20,943 17.4

 New Orders.............................. 2,245 2,268 2,271 -1.0 -0.1 5.2 2,796 2,159 2,133 24,553 20,785 18.1

 

 Communications equipment:

 Shipments................................ 3,218 3,220 3,267 -0.1 -1.4 0.8 4,293 2,933 4,154 38,920 35,928 8.3

 New Orders.............................. 3,215 3,094 3,059 3.9 1.1 -0.9 4,639 2,930 5,174 38,665 39,222 -1.4

 Electrical equipment, appliances, 

 and components: 

 Shipments................................ 13,683 13,656 13,478 0.2 1.3 0.1 13,515 13,147 12,769 159,592 144,985 10.1

 New Orders.............................. 14,021 13,760 13,678 1.9 0.6 -0.2 13,598 13,138 13,135 162,561 151,160 7.5

 Transportation equipment: 

 Shipments................................ 93,793 92,254 91,094 1.7 1.3 0.6 98,407 92,041 82,716 1,044,820 907,845 15.1

 New Orders.............................. 108,060 92,560 97,452 16.7 -5.0 1.9 121,860 90,659 92,753 1,113,957 930,739 19.7

 Motor vehicles and parts:

 Shipments................................ 62,394 61,827 61,821 0.9 0.0 0.1 60,248 61,039 54,022 713,039 623,344 14.4

 New Orders.............................. 62,273 61,818 61,816 0.7 0.0 0.8 60,962 61,569 54,851 713,065 627,390 13.7

 

 Nondefense aircraft and parts5:

 Shipments................................ 14,545 14,091 13,133 3.2 7.3 2.2 19,757 13,951 12,651 141,960 112,706 26.0

 New Orders.............................. 28,879 13,404 19,334 115.5 -30.7 4.7 37,985 11,938 18,834 204,321 133,693 52.8

 Defense aircraft and parts:

 Shipments................................ 5,666 5,425 5,384 4.4 0.8 -0.3 6,194 5,793 5,687 64,782 63,834 1.5

 New Orders.............................. 5,652 4,908 5,267 15.2 -6.8 18.2 7,686 5,361 7,785 66,525 62,329 6.7

 All other durable goods: 

 Shipments................................ 45,795 45,636 45,541 0.3 0.2 -0.1 43,572 44,190 42,756 546,183 516,218 5.8

 New Orders.............................. 45,830 45,526 45,342 0.7 0.4 -0.3 43,183 44,026 42,491 545,449 518,239 5.3

 Capital goods3:

 Shipments................................ 100,273 99,365 98,448 0.9 0.9 1.3 111,932 96,421 98,702 1,143,416 1,025,396 11.5

 New Orders.............................. 115,540 99,798 104,458 15.8 -4.5 1.4 133,252 93,828 106,224 1,215,424 1,069,823 13.6

 Nondefense capital goods:

 Shipments................................ 85,230 85,046 84,170 0.2 1.0 1.6 95,105 81,165 83,936 973,797 866,833 12.3

 New Orders.............................. 100,590 84,415 90,241 19.2 -6.5 1.0 112,124 78,948 89,493 1,044,816 911,622 14.6

 Excluding aircraft:

 Shipments........................... 74,729 75,044 75,159 -0.4 -0.2 1.5 79,533 71,257 75,012 878,795 793,194 10.8

 New Orders.......................... 74,880 75,025 75,055 -0.2 0.0 0.3 78,481 71,074 75,952 886,713 818,637 8.3

 Defense capital goods:

 Shipments................................ 15,043 14,319 14,278 5.1 0.3 -0.7 16,827 15,256 14,766 169,619 158,563 7.0

 New Orders.............................. 14,950 15,383 14,217 -2.8 8.2 4.2 21,128 14,880 16,731 170,608 158,201 7.8

r Revised data due to late receipts and concurrent seasonal adjustment. 

1 Estimates of shipments and new orders are for the duration of the period, while estimates of unfilled orders and total inventories are for the end of the period. Not seasonally adjusted estimates of 

shipments and new orders include adjusted data for non-calendar reporters. Seasonally adjusted estimates include concurrent adjustments for holiday and trading-day differences, where appropriate, 

as well as seasonal variation, based on the results of the latest annual review of the model parameters. Estimates are not adjusted for price changes. 

2 Based on advance sample. Estimates of manufacturers' shipments, inventories, and orders are subject to survey error and revision. One major component of survey error is nonsampling error, which includes errors of coverage, response and 

nonreporting. Since the survey panel is not a probability sample, estimates of sampling error cannot be calculated. For further details on survey design, methodology, and data limitations, see http://www.census.gov/manufacturing/m3. 

3

 The Capital Goods Industries include Nondefense : small arms and ordnance; farm machinery and equipment; construction machinery; mining, oil, and gas field machinery; industrial machinery; vending, laundry, and other machinery; 

photographic equipment; metalworking machinery; turbines and generators; other power transmission equipment; pumps and compressors; material handling equipment; all other machinery; electronic computers; computer storage devices; 

other computer peripheral equipment; communications equipment; search and navigation equipment; electromedical, measuring, and control instruments; electrical equipment; other electrical equipment, appliances, and components; heavy 

duty trucks; aircraft; railroad rolling stock; ships and boats; office and institutional furniture; and medical equipment and supplies. Defense Capital Goods include : small arms and ordnance, communications equipment, aircraft; missiles, space 

vehicles, and parts, ships and boats, and search and navigation equipment. 

4

 Estimates and percent changes of shipments and inventories for the semiconductor industry are included in computers and electronic products, and all other applicable aggregate totals. Estimates and percent changes for new orders and unfilled 

orders exclude semiconductor industry data. 

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, December Advance Report, January 26, 2023. Information on data sources and methodology can be found on our website at 

<www.census.gov/manufacturing/m3/how_the_data_are_collected/index.html>. 
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 Percent

Item Change

Dec Nov Oct Nov - Oct - Sep - Dec Nov Dec 2022/

2022 2 2022 r 2022 Dec 2 Nov r Oct 2022 2 2022 r 2021 2021

DURABLE GOODS

 Total:

 Unfilled Orders4......................... 1,158,241 1,143,734 1,143,249 1.3 0.0 0.5 1,153,308 1,130,670 1,074,601 7.3

 Total Inventories....................... 493,580 490,072 489,302 0.7 0.2 0.1 480,320 489,456 454,652 5.6

 Excluding transportation:

 Unfilled Orders4......................... 473,216 472,976 472,797 0.1 0.0 0.0 465,942 466,757 456,372 2.1

 Total Inventories....................... 334,958 333,121 332,526 0.6 0.2 0.3 327,503 331,663 305,917 7.1

 Excluding defense:

 Unfilled Orders4........................... 942,587 928,144 928,919 1.6 -0.1 0.6 935,739 918,286 862,813 8.5

 Total Inventories....................... 466,533 463,090 462,724 0.7 0.1 0.1 453,467 462,523 429,025 5.7

 Manufacturing with unfilled orders:

 Unfilled Orders......................... 1,158,241 1,143,734 1,143,249 1.3 0.0 0.5 1,153,308 1,130,670 1,074,601 7.3

 Total Inventories....................... 396,165 392,407 391,124 1.0 0.3 0.1 386,221 391,421 365,737 5.6

 Primary metals:

 Unfilled Orders......................... 30,673 30,573 30,509 0.3 0.2 -0.4 30,151 29,776 30,245 -0.3

 Total Inventories....................... 38,367 38,242 38,464 0.3 -0.6 -0.9 37,976 37,840 37,243 2.0

 Fabricated metal products:

 Unfilled Orders......................... 117,368 117,505 117,612 -0.1 -0.1 -0.1 114,158 115,218 113,970 0.2

 Total Inventories....................... 62,406 62,377 62,357 0.0 0.0 -0.4 61,228 61,471 59,377 3.1

 Machinery: 

 Unfilled Orders......................... 133,363 133,367 133,027 0.0 0.3 0.3 130,933 131,948 124,922 4.8

 Total Inventories....................... 88,232 87,035 86,592 1.4 0.5 1.1 85,899 87,582 75,600 13.6

 Computers and electronic products4:

 Unfilled Orders......................... 140,047 140,139 140,251 -0.1 -0.1 -0.2 140,232 139,041 139,002 0.9

 Total Inventories....................... 53,357 53,115 53,051 0.5 0.1 0.6 52,034 53,370 49,703 4.7

 Computers and related products:

 Unfilled Orders......................... 1,180 1,181 1,199 -0.1 -1.5 0.1 1,180 1,181 1,219 -3.2

 Total Inventories....................... 3,996 3,955 3,951 1.0 0.1 0.1 3,850 4,030 3,611 6.6

 

 Communications equipment:

 Unfilled Orders......................... 20,897 20,900 21,026 0.0 -0.6 -1.0 21,087 20,741 21,342 -1.2

 Total Inventories....................... 5,569 5,453 5,417 2.1 0.7 -0.2 5,234 5,536 4,935 6.1

 Electrical equipment, appliances, 

 and components: 

 Unfilled Orders......................... 40,552 40,214 40,110 0.8 0.3 0.5 39,770 39,687 36,801 8.1

 Total Inventories....................... 23,901 23,696 23,419 0.9 1.2 0.7 22,939 23,170 20,490 12.0

 Transportation equipment: 

 Unfilled Orders......................... 685,025 670,758 670,452 2.1 0.0 1.0 687,366 663,913 618,229 11.2

 Total Inventories....................... 158,622 156,951 156,776 1.1 0.1 -0.2 152,817 157,793 148,735 2.7

 Motor vehicles and parts:

 Unfilled Orders......................... 27,638 27,759 27,768 -0.4 0.0 0.0 27,773 27,059 27,747 0.1

 Total Inventories....................... 51,626 51,837 51,926 -0.4 -0.2 0.0 48,585 51,783 46,779 3.9

 

 Nondefense Aircraft and parts:

 Unfilled Orders......................... 467,375 453,041 453,728 3.2 -0.2 1.4 467,694 449,466 405,333 15.4

 Total Inventories....................... 76,503 74,647 74,831 2.5 -0.2 -0.7 74,168 75,463 73,736 0.6

 Defense Aircraft and parts: 

 Unfilled Orders......................... 59,628 59,642 60,159 0.0 -0.9 -0.2 60,301 58,809 58,558 3.0

 Total Inventories....................... 12,811 12,831 12,772 -0.2 0.5 0.1 12,718 12,873 12,531 1.5

 All other durable goods: 

 Unfilled Orders......................... 11,213 11,178 11,288 0.3 -1.0 -1.7 10,698 11,087 11,432 -6.4

 Total Inventories....................... 68,695 68,656 68,643 0.1 0.0 0.1 67,427 68,230 63,504 6.2

 Capital goods3:

 Unfilled Orders......................... 854,130 838,863 838,430 1.8 0.1 0.7 852,179 830,859 780,171 9.2

 Total Inventories....................... 241,991 238,900 238,022 1.3 0.4 0.3 235,485 240,433 220,135 7.0

 Nondefense capital goods:

 Unfilled Orders......................... 666,081 650,721 651,352 2.4 -0.1 0.9 662,647 645,628 591,628 12.0

 Total Inventories....................... 218,947 215,916 215,445 1.4 0.2 0.3 212,542 217,540 198,304 7.2

 Excluding aircraft: 

 Unfilled Orders.................... 267,546 267,395 267,414 0.1 0.0 0.0 264,212 265,264 256,294 3.1

 Total Inventories................... 153,158 151,949 151,279 0.8 0.4 0.7 149,031 152,690 135,025 10.4

 Defense capital goods:

 Unfilled Orders......................... 188,049 188,142 187,078 0.0 0.6 0.0 189,532 185,231 188,543 0.5

 Total Inventories....................... 23,044 22,984 22,577 0.3 1.8 0.8 22,943 22,893 21,831 5.1

r Revised data due to late receipts and concurrent seasonal adjustment. 

1 Estimates of shipments and new orders are for the duration of the period, while estimates of unfilled orders and total inventories are for the end of the period. Not seasonally adjusted estimates of shipments and 

new orders include adjusted data for non-calendar reporters. Seasonally adjusted estimates include concurrent adjustments for holiday and trading-day differences, where appropriate, as well as seasonal 

variation, based on the results of the latest annual review of the model parameters. Estimates are not adjusted for price changes. 

2

 Based on advance sample. Estimates of manufacturers' shipments, inventories, and orders are subject to survey error and revision. One major component of survey error is nonsampling error, which includes 

errors of coverage, response and nonreporting. Since the survey panel is not a probability sample, estimates of sampling error cannot be calculated. For further details on survey design, methodology, and data 

limitations, see http://www.census.gov/manufacturing/m3. 

3

 The Capital Goods Industries include Nondefense : small arms and ordnance; farm machinery and equipment; construction machinery; mining, oil, and gas field machinery; industrial machinery; vending, laundry, 

and other machinery; photographic equipment; metalworking machinery; turbines and generators; other power transmission equipment; pumps and compressors; material handling equipment; all other 

machinery; electronic computers; computer storage devices; other computer peripheral equipment; communications equipment; search and navigation equipment; electromedical, measuring, and control 

instruments; electrical equipment; other electrical equipment, appliances, and components; heavy duty trucks; aircraft; railroad rolling stock; ships and boats; office and institutional furniture; and medical 

equipment and supplies. Defense Capital Goods include : small arms and ordnance, communications equipment, aircraft; missiles, space vehicles, and parts, ships and boats, and search and navigation equipment. 

4

 Estimates and percent changes of shipments and inventories for the semiconductor industry are included in computers and electronic products, and all other applicable aggregate totals. Estimates and percent 

changes for new orders and unfilled orders exclude semiconductor industry data. 

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, December Advance Report, January 26, 2023. Information on data sources and methodology can be found on our 

website at <www.census.gov/manufacturing/m3/how_the_data_are_collected/index.html>.