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FOR RELEASE AT 8:30 AM EDT, FRIDAY, MARCH 24, 2023 

MONTHLY ADVANCE REPORT ON DURABLE GOODS MANUFACTURERS’ SHIPMENTS, 

INVENTORIES AND ORDERS FEBRUARY 2023 

Release Number: CB 23-41 M3-1 (23)-02 

March 24, 2023 — The U.S. Census Bureau announces the February advance report on durable goods 

manufacturers’ shipments, inventories and orders:

New Orders

New orders for manufactured durable goods in February, down three of the last four months, decreased

$2.6 billion or 1.0 percent to $268.4 billion, the U.S. Census Bureau announced today. This followed a 5.0 

percent January decrease. Excluding transportation, new orders were virtually unchanged. Excluding 

defense, new orders decreased 0.5 percent. Transportation equipment, also down three of the last four

months, drove the decrease, $2.6 billion or 2.8 percent to $89.4 billion.

Shipments

Shipments of manufactured durable goods in February, down two consecutive months, decreased $1.5

billion or 0.6 percent to $274.8 billion. This followed a 0.4 percent January decrease. Transportation 

equipment, also down two consecutive months, led the decrease, $1.3 billion or 1.4 percent to $90.1

billion.

DURABLE GOODS – NEW ORDERS

FEBRUARY 2023 $268.4 billion -1.0%°

 JANUARY 2023

(revised) $271.0 billion -5.0%°

Next release: April 26, 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, March 24, 

2023.

0.7% 0.4% 0.8%

2.3%

-0.1%

0.2% 0.2%

0.7%

-1.8%

5.1%

-5.0%

-1.0%

-6.0%

-5.0%

-4.0%

-3.0%

-2.0%

-1.0%

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%

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

DURABLE GOODS NEW ORDERS 2022-2023

Seasonally Adjusted, Month-To-Month Percentage Change

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders, March 24, 2023.
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Unfilled Orders

Unfilled orders for manufactured durable goods in February, down two consecutive months, decreased

$1.2 billion or 0.1 percent to $1,155.4 billion. This followed a virtually unchanged January decrease. 

Transportation equipment, down following twenty-one consecutive monthly increases, led the decrease, 

$0.7 billion or 0.1 percent to $683.8 billion.

Inventories

Inventories of manufactured durable goods in February, up twenty-four of the last twenty-five months, 

increased $0.9 billion or 0.2 percent to $493.6 billion. This followed a 0.2 percent January decrease. 

Transportation equipment, up three of the last four months, led the increase, $0.6 billion or 0.4 percent to 

$158.8 billion. 

Capital Goods

Nondefense new orders for capital goods in February decreased $1.0 billion or 1.2 percent to $82.0 billion. 

Shipments decreased $0.5 billion or 0.6 percent to $83.2 billion. Unfilled orders decreased $1.2 billion or 

0.2 percent to $662.6 billion. Inventories increased $0.5 billion or 0.2 percent to $218.8 billion. Defense 

new orders for capital goods in February decreased $1.2 billion or 7.4 percent to $14.5 billion. Shipments

decreased $0.2 billion or 1.6 percent to $14.6 billion. Unfilled orders decreased $0.2 billion or 0.1 percent

to $188.9 billion. Inventories increased $0.1 billion or 0.3 percent to $23.3 billion.

Revised January Data

Revised seasonally adjusted January figures for all manufacturing industries were: new orders, $540.2

billion (revised from $542.8 billion); shipments, $545.6 billion (revised from $547.8 billion); unfilled orders, 

$1,156.6 billion (revised from $1,157.0 billion) and total inventories, $806.9 billion (revised from $808.3

billion).

Revised and more detailed estimates, plus nondurable goods data, will be published on April 4, 2023, at

10:00 a.m. EDT. The Advance Report on durable goods for March is scheduled for release on April 26, 

2023, at 8:30 a.m. EDT. 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

Feb Jan Dec Jan - Dec- Nov - Feb Jan Feb Change

2023 2 2023 r 2022 Feb 2 Jan r Dec 2023 2 2023 r 2022 2023 2022 2023/2022

DURABLE GOODS

 Total:

 Shipments................................ 274,778 276,322 277,490 -0.6 -0.4 0.4 255,553 249,122 244,095 504,675 475,467 6.1

 New Orders4.............................. 268,387 270,963 285,249 -1.0 -5.0 5.1 252,707 249,969 250,105 502,676 492,597 2.0

 Excluding transportation:

 Shipments................................ 184,630 184,890 183,721 -0.1 0.6 -0.2 170,965 169,051 167,098 340,016 328,559 3.5

 New Orders4

.............................. 178,957 178,954 178,205 0.0 0.4 -0.4 168,653 167,642 166,701 336,295 330,022 1.9

 Excluding defense:

 Shipments................................ 257,935 259,223 260,289 -0.5 -0.4 0.2 239,424 234,861 228,753 474,285 447,020 6.1

 New Orders4.............................. 251,472 252,712 267,653 -0.5 -5.6 5.6 236,852 235,273 235,234 472,125 466,534 1.2

 Manufacturing with unfilled orders:

 Shipments................................ 189,541 189,972 190,801 -0.2 -0.4 0.3 176,550 171,488 169,425 348,038 330,565 5.3

 New Orders.............................. 188,385 189,921 203,876 -0.8 -6.8 7.0 178,552 178,152 179,991 356,704 357,445 -0.2

 Primary metals:

 Shipments................................ 20,270 20,210 19,940 0.3 1.4 -0.4 19,517 19,801 19,444 39,318 38,894 1.1

 New Orders.............................. 20,220 20,150 19,943 0.3 1.0 -0.6 20,097 20,258 20,094 40,355 40,522 -0.4

 Fabricated metal products:

 Shipments................................ 36,432 36,364 36,407 0.2 -0.1 -0.1 34,202 34,124 34,080 68,326 67,567 1.1

 New Orders.............................. 36,168 36,039 36,157 0.4 -0.3 -0.4 34,802 34,905 35,126 69,707 69,979 -0.4

 Machinery:

 Shipments................................ 38,437 38,540 38,246 -0.3 0.8 -1.0 36,214 34,663 34,639 70,877 67,167 5.5

 New Orders.............................. 38,261 38,436 38,163 -0.5 0.7 -2.1 37,045 37,088 36,502 74,133 72,226 2.6

 Computers and electronic products4:

 Shipments................................ 29,534 29,554 29,539 -0.1 0.1 -0.2 26,437 26,819 25,527 53,256 50,844 4.7

 New Orders.............................. 24,174 24,192 24,141 -0.1 0.2 -0.7 21,443 20,977 20,845 42,420 41,621 1.9

 Computers and related products:

 Shipments................................ 2,352 2,390 2,272 -1.6 5.2 -0.6 1,826 2,131 1,445 3,957 2,985 32.6

 New Orders.............................. 2,344 2,410 2,268 -2.7 6.3 0.0 1,818 2,151 1,441 3,969 2,969 33.7

 

 Communications equipment:

 Shipments................................ 3,198 3,146 3,166 1.7 -0.6 -1.7 2,633 2,486 2,700 5,119 5,311 -3.6

 New Orders.............................. 3,126 3,142 3,211 -0.5 -2.1 3.8 2,640 2,454 2,729 5,094 5,491 -7.2

 Electrical equipment, appliances, 

 and components: 

 Shipments................................ 14,183 14,253 13,738 -0.5 3.7 0.0 13,017 12,500 11,909 25,517 22,887 11.5

 New Orders.............................. 14,347 14,210 13,920 1.0 2.1 0.8 13,504 13,087 12,480 26,591 24,115 10.3

 Transportation equipment: 

 Shipments................................ 90,148 91,432 93,769 -1.4 -2.5 1.7 84,588 80,071 76,997 164,659 146,908 12.1

 New Orders.............................. 89,430 92,009 107,044 -2.8 -14.0 15.8 84,054 82,327 83,404 166,381 162,575 2.3

 Motor vehicles and parts:

 Shipments................................ 61,442 62,093 62,306 -1.0 -0.3 0.8 59,130 56,310 53,795 115,440 102,887 12.2

 New Orders.............................. 61,609 62,143 62,161 -0.9 0.0 0.6 59,994 56,658 54,525 116,652 104,092 12.1 

 Nondefense aircraft and parts:

 Shipments................................ 12,217 12,586 14,570 -2.9 -13.6 3.4 9,664 9,834 8,371 19,498 16,587 17.5

 New Orders.............................. 11,238 12,037 27,559 -6.6 -56.3 105.6 8,501 11,162 14,025 19,663 32,521 -39.5

 Defense aircraft and parts:

 Shipments................................ 5,532 5,758 5,696 -3.9 1.1 5.0 5,061 4,727 5,109 9,788 9,249 5.8

 New Orders.............................. 5,376 6,048 5,896 -11.1 2.6 20.1 4,556 5,543 4,935 10,099 7,937 27.2

 All other durable goods: 

 Shipments................................ 45,774 45,969 45,851 -0.4 0.3 0.5 41,578 41,144 41,499 82,722 81,200 1.9

 New Orders.............................. 45,787 45,927 45,881 -0.3 0.1 0.9 41,762 41,327 41,654 83,089 81,559 1.9

 Capital goods3:

 Shipments................................ 97,821 98,550 100,220 -0.7 -1.7 0.8 89,341 85,982 84,690 175,323 163,823 7.0

 New Orders.............................. 96,434 98,605 114,303 -2.2 -13.7 14.7 88,888 90,119 92,605 179,007 184,538 -3.0

 Nondefense capital goods:

 Shipments................................ 83,198 83,696 85,164 -0.6 -1.7 0.1 75,192 73,548 71,191 148,740 138,778 7.2

 New Orders.............................. 81,984 82,993 99,115 -1.2 -16.3 17.6 75,435 77,667 79,509 153,102 161,510 -5.2

 Excluding aircraft:

 Shipments........................... 75,336 75,312 74,649 0.0 0.9 -0.6 69,824 67,790 66,491 137,614 129,370 6.4

 New Orders.......................... 75,162 75,027 74,768 0.2 0.3 -0.2 71,270 70,678 69,086 141,948 136,128 4.3

 Defense capital goods:

 Shipments................................ 14,623 14,854 15,056 -1.6 -1.3 5.1 14,149 12,434 13,499 26,583 25,045 6.1

 New Orders.............................. 14,450 15,612 15,188 -7.4 2.8 -1.3 13,453 12,452 13,096 25,905 23,028 12.5

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, February Advance Report, March 24, 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

Feb Jan Dec Jan - Dec - Nov - Feb Jan Feb 2023/

2023 2 2023 r 2022 Feb 2 Jan r Dec 2023 2 2023 r 2022 2022

DURABLE GOODS

 Total:

 Unfilled Orders4......................... 1,155,433 1,156,589 1,156,640 -0.1 0.0 1.1 1,161,701 1,159,699 1,101,481 5.5

 Total Inventories....................... 493,554 492,636 493,533 0.2 -0.2 0.7 495,350 490,949 474,388 4.4

 Excluding transportation:

 Unfilled Orders4

......................... 471,656 472,094 472,722 -0.1 -0.1 0.0 472,693 470,157 467,585 1.1

 Total Inventories....................... 334,797 334,464 334,903 0.1 -0.1 0.5 336,434 333,771 319,820 5.2

 Excluding defense:

 Unfilled Orders4

........................... 938,224 939,452 940,655 -0.1 -0.1 1.4 943,970 941,694 892,077 5.8

 Total Inventories....................... 466,232 465,384 466,511 0.2 -0.2 0.7 468,155 463,921 448,623 4.4

 Manufacturing with unfilled orders:

 Unfilled Orders......................... 1,155,433 1,156,589 1,156,640 -0.1 0.0 1.1 1,161,701 1,159,699 1,101,481 5.5

 Total Inventories....................... 396,204 395,528 396,372 0.2 -0.2 1.0 396,511 393,786 379,611 4.5

 Primary metals:

 Unfilled Orders......................... 30,446 30,496 30,556 -0.2 -0.2 0.0 31,097 30,517 31,873 -2.4

 Total Inventories....................... 38,521 38,386 38,464 0.4 -0.2 0.5 38,673 38,556 38,515 0.4

 Fabricated metal products:

 Unfilled Orders......................... 116,651 116,915 117,240 -0.2 -0.3 -0.2 115,491 114,891 116,382 -0.8

 Total Inventories....................... 62,123 62,225 62,373 -0.2 -0.2 0.0 62,294 62,166 61,389 1.5

 Machinery: 

 Unfilled Orders......................... 133,011 133,187 133,291 -0.1 -0.1 -0.1 134,266 133,435 129,981 3.3

 Total Inventories....................... 88,923 88,662 88,379 0.3 0.3 1.5 89,378 87,714 79,903 11.9

 Computers and electronic products4:

 Unfilled Orders......................... 139,888 140,013 140,067 -0.1 0.0 -0.1 140,078 140,224 139,529 0.4

 Total Inventories....................... 53,084 53,083 53,211 0.0 -0.2 0.2 53,077 52,936 51,242 3.6

 Computers and related products:

 Unfilled Orders......................... 1,189 1,197 1,177 -0.7 1.7 -0.3 1,189 1,197 1,203 -1.2

 Total Inventories....................... 3,707 3,754 3,845 -1.3 -2.4 -2.0 3,663 3,615 3,686 -0.6 

 Communications equipment:

 Unfilled Orders......................... 20,869 20,941 20,945 -0.3 0.0 0.2 21,062 21,055 21,522 -2.1

 Total Inventories....................... 5,478 5,523 5,571 -0.8 -0.9 2.2 5,459 5,425 5,281 3.4

 Electrical equipment, appliances, 

 and components: 

 Unfilled Orders......................... 40,490 40,326 40,369 0.4 -0.1 0.5 40,734 40,247 38,029 7.1

 Total Inventories....................... 23,820 23,740 23,904 0.3 -0.7 0.8 24,115 23,807 22,352 7.9

 Transportation equipment: 

 Unfilled Orders......................... 683,777 684,495 683,918 -0.1 0.1 2.0 689,008 689,542 633,896 8.7

 Total Inventories....................... 158,757 158,172 158,630 0.4 -0.3 1.1 158,916 157,178 154,568 2.8

 Motor vehicles and parts:

 Unfilled Orders......................... 27,816 27,649 27,599 0.6 0.2 -0.5 28,953 28,089 28,952 0.0

 Total Inventories....................... 51,999 51,814 51,659 0.4 0.3 -0.3 52,500 51,699 50,599 3.8 

 Nondefense Aircraft and parts:

 Unfilled Orders......................... 464,502 465,481 466,030 -0.2 -0.1 2.9 467,858 469,021 421,267 11.1

 Total Inventories....................... 75,833 75,559 76,484 0.4 -1.2 2.5 75,628 74,965 75,401 0.3

 Defense Aircraft and parts: 

 Unfilled Orders......................... 59,976 60,132 59,842 -0.3 0.5 0.3 60,612 61,117 57,246 5.9

 Total Inventories....................... 12,878 12,943 12,784 -0.5 1.2 -0.4 12,904 12,910 12,684 1.7

 All other durable goods: 

 Unfilled Orders......................... 11,170 11,157 11,199 0.1 -0.4 0.3 11,027 10,843 11,791 -6.5

 Total Inventories....................... 68,326 68,368 68,572 -0.1 -0.3 -0.1 68,897 68,592 66,419 3.7

 Capital goods3:

 Unfilled Orders......................... 851,481 852,868 852,813 -0.2 0.0 1.7 855,770 856,223 800,886 6.9

 Total Inventories....................... 242,129 241,537 241,980 0.2 -0.2 1.3 242,014 239,221 228,812 5.8

 Nondefense capital goods:

 Unfilled Orders......................... 662,622 663,836 664,539 -0.2 -0.1 2.1 666,915 666,672 614,360 8.6

 Total Inventories....................... 218,841 218,322 218,964 0.2 -0.3 1.4 218,879 216,197 206,977 5.8

 Excluding aircraft: 

 Unfilled Orders.................... 266,922 267,096 267,381 -0.1 -0.1 0.0 268,452 267,006 263,052 2.1

 Total Inventories................... 153,835 153,548 153,211 0.2 0.2 0.8 154,073 152,066 142,093 8.4

 Defense capital goods:

 Unfilled Orders......................... 188,859 189,032 188,274 -0.1 0.4 0.1 188,855 189,551 186,526 1.2

 Total Inventories....................... 23,288 23,215 23,016 0.3 0.9 0.1 23,135 23,024 21,835 6.0

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, February Advance Report, March 24, 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>.