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FOR RELEASE AT 8:30 AM EDT, THURSDAY, OCTOBER 27, 2022 

MONTHLY ADVANCE REPORT ON DURABLE GOODS MANUFACTURERS’ SHIPMENTS, 

INVENTORIES AND ORDERS SEPTEMBER 2022

Release Number: CB 22-172 M3-1 (22)-09 

October 27, 2022 — The U.S. Census Bureau announces the September advance report on durable goods 

manufacturers’ shipments, inventories and orders:

New Orders

New orders for manufactured durable goods in September, up six of the last seven months, increased $1.0

billion or 0.4 percent to $274.7 billion, the U.S. Census Bureau announced today. This followed a 0.2 

percent August increase. Excluding transportation, new orders decreased 0.5 percent. Excluding defense, 

new orders increased 1.4 percent. Transportation equipment, up five of the last six months, drove the 

increase, $1.9 billion or 2.1 percent to $95.4 billion.

Shipments

Shipments of manufactured durable goods in September, up sixteen of the last seventeen months, 

increased $0.7 billion or 0.3 percent to $274.2 billion. This followed a 1.3 percent August increase. 

Transportation equipment, up eleven of the last twelve months, drove the increase, $1.0 billion or 1.1 

percent to $90.5 billion.

DURABLE GOODS – NEW ORDERS

SEPTEMBER 2022 $274.7 billion +0.4%°

AUGUST 2022

(revised) $273.7 billion +0.2%°

Next release: November 23, 2022 

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, October 27, 

2022.

1.5% 1.4%

0.9%

3.1%

-0.7%

0.7% 0.4%

0.8%

2.3%

-0.1%

0.2% 0.4%

-4.0%

-3.0%

-2.0%

-1.0%

0.0%

1.0%

2.0%

3.0%

4.0%

Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22

DURABLE GOODS NEW ORDERS 2021-2022

Seasonally Adjusted, Month-To-Month Percentage Change

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders, October 27, 2022.
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Unfilled Orders

Unfilled orders for manufactured durable goods in September, up twenty-five consecutive months, 

increased $5.6 billion or 0.5 percent to $1,137.5 billion. This followed a 0.5 percent August increase. 

Transportation equipment, up nineteen of the last twenty months, led the increase, $4.9 billion or 0.7 

percent to $664.0 billion.

Inventories

Inventories of manufactured durable goods in September, up twenty consecutive months, increased $1.2 

billion or 0.2 percent to $488.7 billion. This followed a 0.3 percent August increase. Machinery, up 

twenty-three consecutive months, led the increase, $0.8 billion or 1.0 percent to $85.3 billion. 

Capital Goods

Nondefense new orders for capital goods in September increased $3.0 billion or 3.5 percent to $89.1

billion. Shipments decreased $0.5 billion or 0.6 percent to $82.6 billion. Unfilled orders increased $6.5

billion or 1.0 percent to $645.2 billion. Inventories increased $1.0 billion or 0.5 percent to $214.7 billion. 

Defense new orders for capital goods in September decreased $2.6 billion or 15.8 percent to $13.8 billion. 

Shipments decreased $0.1 billion or 0.5 percent to $14.4 billion. Unfilled orders decreased $0.7 billion or 

0.3 percent to $187.2 billion. Inventories decreased $0.2 billion or 1.0 percent to $22.5 billion.

Revised August Data

Revised seasonally adjusted August figures for all manufacturing industries were: new orders, $549.2

billion (revised from $548.4 billion); shipments, $549.0 billion (revised from $547.9 billion); unfilled orders, 

$1,131.9 billion (revised from $1,132.1 billion) and total inventories, $800.3 billion (revised from $800.2

billion).

Revised and more detailed estimates, plus nondurable goods data, will be published on November 3, 2022, 

at 10:00 a.m. EDT. The Advance Report on durable goods for October is scheduled for release on

November 23, 2022, 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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2023 Release Dates for the M3 Survey

Survey month Advance Report on Durable 

Goods and Advance Total 

Manufacturing 

(8:30 a.m. release time)

Full Report 

(10:00 a.m. release time)

Nov-22 Fri 12/23/2022 Fri 1/6/2023

Dec-22 Thu 1/26/2023 Thu 2/2/2023

Jan-23 Mon 2/27/2023 Mon 3/6/2023

Feb-23 Fri 3/24/2023 Tue 4/4/2023

Mar-23 Wed 4/26/2023 Tue 5/2/2023

Apr-23 Fri 5/26/2023 Mon 6/5/2023

May-23 Tue 6/27/2023 Wed 7/5/2023

Jun-23 Thu 7/27/2023 Thu 8/3/2023

Jul-23 Thu 8/24/2023 Tue 9/5/2023

Aug-23 Wed 9/27/2023 Wed 10/4/2023

Sep-23 Thu 10/26/2023 Thu 11/2/2023

Oct-23 Wed 11/22/2023 Mon 12/4/2023

Nov-23 Fri 12/22/2023 Not available at this time

OMB: Schedule of Release Dates 2023 (whitehouse.gov)

Special Notice - New Advance Estimates Of Total Manufacturing

Beginning with September 2021 data released on October 27, 2021, advance estimates of total 

manufacturing, including M3 durable and nondurable industries, for shipments and inventories, are

available at the same time as the Advance Report on Durable Goods Manufacturers’ Shipments, 

Inventories and Orders. Monthly advance total manufacturing estimates are available on a seasonally 

adjusted basis as well as a not seasonally adjusted basis on the M3 website under the “Advance Report 

Highlights”. 

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/> 
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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

Sep Aug Jul Aug - Jul - Jun - Sep Aug Sep Change

2022 2 2022 r 2022 Sep 2 Aug r

Jul 2022 2 2022 r 2021 2022 2021 2022/2021

DURABLE GOODS

 Total: 

 Shipments................................ 274,207 273,510 270,036 0.3 1.3 0.2 290,531 285,002 261,078 2,410,642 2,165,227 11.3

 New Orders4.............................. 274,717 273,735 273,203 0.4 0.2 -0.1 289,982 279,237 260,121 2,424,167 2,185,076 10.9

 Excluding transportation:

 Shipments................................ 183,668 183,988 183,682 -0.2 0.2 -0.3 193,113 192,506 180,990 1,647,281 1,496,094 10.1

 New Orders4.............................. 179,271 180,221 180,216 -0.5 0.0 0.2 186,125 185,010 177,890 1,617,840 1,503,486 7.6

 Excluding defense:

 Shipments................................ 257,699 256,900 253,622 0.3 1.3 0.0 272,476 268,798 244,323 2,268,440 2,031,604 11.7

 New Orders4.............................. 258,817 255,158 255,946 1.4 -0.3 0.9 269,462 262,823 240,401 2,279,594 2,052,084 11.1

 Manufacturing with unfilled orders:

 Shipments................................ 188,625 189,355 186,298 -0.4 1.6 0.4 199,643 195,354 183,095 1,664,930 1,489,493 11.8

 New Orders.............................. 194,227 194,462 194,332 -0.1 0.1 -0.1 204,944 194,792 187,526 1,721,917 1,551,632 11.0

 Primary metals:

 Shipments................................ 20,420 20,768 20,670 -1.7 0.5 -3.4 20,629 21,890 19,956 189,604 168,167 12.7

 New Orders.............................. 20,314 20,660 20,649 -1.7 0.1 -1.9 20,111 21,403 19,446 189,154 171,947 10.0

 Fabricated metal products:

 Shipments................................ 36,774 36,831 37,116 -0.2 -0.8 0.1 38,041 39,439 35,867 332,912 296,218 12.4

 New Orders.............................. 36,705 36,854 37,195 -0.4 -0.9 0.7 36,882 38,760 36,160 336,991 317,370 6.2

 Machinery:

 Shipments................................ 38,224 38,154 38,009 0.2 0.4 0.7 39,569 38,881 36,116 339,216 298,857 13.5

 New Orders.............................. 38,701 38,848 38,622 -0.4 0.6 0.5 39,407 38,857 36,869 345,975 312,623 10.7

 Computers and electronic products4:

 Shipments................................ 29,396 29,190 29,189 0.7 0.0 0.5 32,875 29,475 30,400 254,825 239,804 6.3

 New Orders.............................. 24,430 24,522 24,547 -0.4 -0.1 1.4 27,748 23,357 26,156 212,255 201,083 5.6

 Computers and related products:

 Shipments................................ 2,173 2,167 2,164 0.3 0.1 9.1 2,470 2,126 1,901 17,347 15,399 12.7

 New Orders.............................. 2,161 2,159 2,174 0.1 -0.7 9.0 2,458 2,118 1,883 17,326 15,342 12.9

 

 Communications equipment:

 Shipments................................ 3,250 3,278 3,369 -0.9 -2.7 1.9 4,022 2,976 3,764 28,770 26,196 9.8

 New Orders.............................. 3,186 3,292 3,275 -3.2 0.5 4.6 3,876 2,834 3,873 28,302 27,316 3.6

 Electrical equipment, appliances, 

 and components: 

 Shipments................................ 13,370 13,447 13,152 -0.6 2.2 -1.9 14,418 14,119 13,263 119,339 107,579 10.9

 New Orders.............................. 13,661 13,841 13,661 -1.3 1.3 -0.4 14,318 14,257 13,591 121,922 112,426 8.4

 Transportation equipment: 

 Shipments................................ 90,539 89,522 86,354 1.1 3.7 1.3 97,418 92,496 80,088 763,361 669,133 14.1

 New Orders.............................. 95,446 93,514 92,987 2.1 0.6 -0.7 103,857 94,227 82,231 806,327 681,590 18.3

 Motor vehicles and parts:

 Shipments................................ 61,553 60,246 59,659 2.2 1.0 0.0 64,932 65,299 52,100 528,104 461,015 14.6

 New Orders.............................. 61,375 60,059 59,623 2.2 0.7 0.0 64,787 65,223 52,283 527,936 463,955 13.8

 

 Nondefense aircraft and parts5:

 Shipments................................ 12,955 13,137 10,534 -1.4 24.7 4.5 15,058 11,223 12,393 96,719 82,104 17.8

 New Orders.............................. 18,228 14,954 16,366 21.9 -8.6 12.1 19,141 12,049 11,942 136,276 92,592 47.2

 Defense aircraft and parts:

 Shipments................................ 5,393 5,505 5,192 -2.0 6.0 -3.4 6,043 5,502 5,875 47,414 46,960 1.0

 New Orders.............................. 4,479 6,611 5,244 -32.2 26.1 -45.6 5,508 6,541 7,059 48,793 44,362 10.0

 All other durable goods: 

 Shipments................................ 45,484 45,598 45,546 -0.3 0.1 -0.1 47,581 48,702 45,388 411,385 385,469 6.7

 New Orders.............................. 45,460 45,496 45,542 -0.1 -0.1 -0.2 47,659 48,376 45,668 411,543 388,037 6.1

 Capital goods3:

 Shipments................................ 97,086 97,639 94,963 -0.6 2.8 1.7 104,977 96,152 95,091 839,127 755,373 11.1

 New Orders.............................. 102,930 102,471 102,190 0.4 0.3 3.9 111,212 97,513 97,918 887,561 787,218 12.7

 Nondefense capital goods:

 Shipments................................ 82,648 83,130 80,660 -0.6 3.1 1.1 89,276 82,123 80,624 715,521 639,260 11.9

 New Orders.............................. 89,145 86,108 87,100 3.5 -1.1 2.5 93,522 82,833 81,063 765,008 669,568 14.3

 Excluding aircraft:

 Shipments........................... 73,778 74,117 73,946 -0.5 0.2 0.6 78,581 74,921 71,872 653,360 585,598 11.6

 New Orders.......................... 74,770 75,325 74,709 -0.7 0.8 0.7 78,663 74,612 73,094 662,596 605,278 9.5

 Defense capital goods:

 Shipments................................ 14,438 14,509 14,303 -0.5 1.4 4.8 15,701 14,029 14,467 123,606 116,113 6.5

 New Orders.............................. 13,785 16,363 15,090 -15.8 8.4 12.7 17,690 14,680 16,855 122,553 117,650 4.2

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, September Advance Report, October 27, 2022. 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

Sep Aug Jul Aug - Jul - Jun - Sep Aug Sep 2022/

2022 2 2022 r 2022 Sep 2 Aug r

Jul 2022 2 2022 r 2021 2021

DURABLE GOODS

 Total: 

 Unfilled Orders4......................... 1,137,464 1,131,862 1,126,755 0.5 0.5 0.7 1,131,588 1,126,287 1,058,722 6.9

 Total Inventories....................... 488,738 487,569 486,343 0.2 0.3 0.2 487,847 490,341 455,138 7.2

 Excluding transportation:

 Unfilled Orders4......................... 473,501 472,806 471,691 0.1 0.2 0.3 470,393 471,531 450,930 4.3

 Total Inventories....................... 331,662 330,195 328,829 0.4 0.4 0.4 329,674 331,033 300,079 9.9

 Excluding defense:

 Unfilled Orders4........................... 923,402 917,192 914,052 0.7 0.3 0.8 917,429 914,593 846,305 8.4

 Total Inventories....................... 462,302 460,918 459,543 0.3 0.3 0.2 461,392 463,579 429,637 7.4

 Manufacturing with unfilled orders:

 Unfilled Orders......................... 1,137,464 1,131,862 1,126,755 0.5 0.5 0.7 1,131,588 1,126,287 1,058,722 6.9

 Total Inventories....................... 390,705 390,196 389,669 0.1 0.1 0.2 390,266 392,508 365,348 6.8

 Primary metals:

 Unfilled Orders......................... 30,525 30,631 30,739 -0.3 -0.4 -0.1 29,795 30,313 30,137 -1.1

 Total Inventories....................... 38,908 39,009 39,084 -0.3 -0.2 -0.5 38,503 38,904 35,378 8.8

 Fabricated metal products:

 Unfilled Orders......................... 117,951 118,020 117,997 -0.1 0.0 0.1 118,049 119,208 115,601 2.1

 Total Inventories....................... 62,850 62,773 62,608 0.1 0.3 0.3 62,488 62,826 57,853 8.0

 Machinery: 

 Unfilled Orders......................... 132,736 132,259 131,565 0.4 0.5 0.5 131,681 131,843 122,283 7.7

 Total Inventories....................... 85,277 84,445 83,911 1.0 0.6 0.8 85,326 84,762 74,274 14.9

 Computers and electronic products4:

 Unfilled Orders......................... 140,719 140,593 140,379 0.1 0.2 0.2 139,894 139,171 135,457 3.3

 Total Inventories....................... 52,725 52,470 52,278 0.5 0.4 0.3 52,543 52,812 50,036 5.0

 Computers and related products:

 Unfilled Orders......................... 1,198 1,210 1,218 -1.0 -0.7 0.8 1,198 1,210 1,320 -9.2

 Total Inventories....................... 3,967 3,966 3,903 0.0 1.6 0.7 4,054 4,134 3,765 7.7

 

 Communications equipment:

 Unfilled Orders......................... 21,322 21,386 21,372 -0.3 0.1 -0.4 20,874 21,020 19,168 8.9

 Total Inventories....................... 5,427 5,391 5,392 0.7 0.0 0.2 5,428 5,535 5,191 4.6

 Electrical equipment, appliances, 

 and components: 

 Unfilled Orders......................... 39,959 39,668 39,274 0.7 1.0 1.3 39,384 39,484 35,473 11.0

 Total Inventories....................... 23,231 23,177 22,949 0.2 1.0 0.4 22,791 23,418 20,045 13.7

 Transportation equipment: 

 Unfilled Orders......................... 663,963 659,056 655,064 0.7 0.6 1.0 661,195 654,756 607,792 8.8

 Total Inventories....................... 157,076 157,374 157,514 -0.2 -0.1 0.0 158,173 159,308 155,059 2.0

 Motor vehicles and parts:

 Unfilled Orders......................... 28,071 28,249 28,436 -0.6 -0.7 -0.1 27,579 27,724 26,641 3.5

 Total Inventories....................... 51,851 51,670 51,497 0.4 0.3 -0.1 52,270 52,518 49,751 5.1

 

 Nondefense Aircraft and parts:

 Unfilled Orders......................... 447,191 441,918 440,101 1.2 0.4 1.3 444,890 440,807 394,834 12.7

 Total Inventories....................... 75,400 75,725 76,006 -0.4 -0.4 -0.1 75,946 76,515 76,910 -1.3

 Defense Aircraft and parts: 

 Unfilled Orders......................... 60,307 61,221 60,115 -1.5 1.8 0.1 59,937 60,472 57,465 4.3

 Total Inventories....................... 12,757 12,873 13,076 -0.9 -1.6 0.5 12,744 12,897 12,620 1.0

 All other durable goods: 

 Unfilled Orders......................... 11,611 11,635 11,737 -0.2 -0.9 0.0 11,590 11,512 11,979 -3.2

 Total Inventories....................... 68,671 68,321 67,999 0.5 0.5 0.6 68,023 68,311 62,493 8.8

 Capital goods3:

 Unfilled Orders......................... 832,420 826,576 821,744 0.7 0.6 0.9 828,605 822,370 767,589 7.9

 Total Inventories....................... 237,180 236,426 235,687 0.3 0.3 0.4 237,530 238,568 221,888 7.0

 Nondefense capital goods:

 Unfilled Orders......................... 645,209 638,712 635,734 1.0 0.5 1.0 641,115 636,869 577,147 11.1

 Total Inventories....................... 214,725 213,748 212,851 0.5 0.4 0.4 215,043 215,803 200,231 7.4

 Excluding aircraft: 

 Unfilled Orders.................... 267,721 266,729 265,521 0.4 0.5 0.3 265,530 265,448 250,531 6.0

 Total Inventories................... 149,979 148,701 147,514 0.9 0.8 0.6 149,702 149,983 133,849 11.8

 Defense capital goods:

 Unfilled Orders......................... 187,211 187,864 186,010 -0.3 1.0 0.4 187,490 185,501 190,442 -1.6

 Total Inventories....................... 22,455 22,678 22,836 -1.0 -0.7 1.0 22,487 22,765 21,657 3.8

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, September Advance Report, October 27, 2022. 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>.