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FOR RELEASE AT 8:30 AM EDT, TUESDAY, SEPTEMBER 27, 2022 

MONTHLY ADVANCE REPORT ON DURABLE GOODS MANUFACTURERS’ SHIPMENTS, 

INVENTORIES AND ORDERS AUGUST 2022 

Release Number: CB 22-157 M3-1 (22)-08 

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

manufacturers’ shipments, inventories and orders: 

New Orders 

New orders for manufactured durable goods in August, down two consecutive months, decreased $0.6 

billion or 0.2 percent to $272.7 billion, the U.S. Census Bureau announced today. This decrease followed a 

0.1 percent July decrease. Excluding transportation, new orders increased 0.2 percent. Excluding defense, 

new orders decreased 0.9 percent. Transportation equipment, also down two consecutive months, drove 

the decrease, $1.0 billion or 1.1 percent to $92.0 billion. 

Shipments

Shipments of manufactured durable goods in August, up fifteen of the last sixteen months, increased $2.0 

billion or 0.7 percent to $272.1 billion. This followed a 0.2 percent July increase. Transportation 

equipment, up ten of the last eleven months, led the increase, $1.7 billion or 1.9 percent to $88.0 billion. 

DURABLE GOODS – NEW ORDERS 

AUGUST 2022 $272.7 billion -0.2%° 

JULY 2022 

(revised) $273.3 billion -0.1%° 

Next release: October 27, 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, September 

27, 2022.

-1.5%

1.5% 1.4%

0.9%

3.1%

-0.7%

0.7%

0.4%

0.8%

2.3%

-0.1% -0.2%

-4.0%

-3.0%

-2.0%

-1.0%

0.0%

1.0%

2.0%

3.0%

4.0%

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

DURABLE GOODS NEW ORDERS 2021-2022

Seasonally Adjusted, Month-To-Month Percentage Change

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

Unfilled orders for manufactured durable goods in August, up twenty-four consecutive months, increased 

$5.4 billion or 0.5 percent to $1,132.2 billion. This followed a 0.7 percent July increase. Transportation 

equipment, up eighteen of the last nineteen months, led the increase, $4.0 billion or 0.6 percent to $659.1 

billion. 

Inventories 

Inventories of manufactured durable goods in August, up nineteen consecutive months, increased $1.0 

billion or 0.2 percent to $487.2 billion. This followed a 0.2 percent July increase. Machinery, up twentytwo consecutive months, led the increase, $0.4 billion or 0.5 percent to $84.3 billion. 

Capital Goods 

Nondefense new orders for capital goods in August decreased $2.4 billion or 2.7 percent to $84.7 billion. 

Shipments increased $1.4 billion or 1.8 percent to $82.1 billion. Unfilled orders increased $2.6 billion or 

0.4 percent to $638.4 billion. Inventories increased $0.7 billion or 0.3 percent to $213.5 billion. Defense 

new orders for capital goods in August increased $1.5 billion or 10.1 percent to $16.6 billion. Shipments 

increased $0.2 billion or 1.4 percent to $14.5 billion. Unfilled orders increased $2.1 billion or 1.1 percent 

to $188.1 billion. Inventories decreased $0.1 billion or 0.6 percent to $22.7 billion. 

Revised July Data

Revised seasonally adjusted July figures for all manufacturing industries were: new orders, $548.5 billion 

(unchanged); shipments, $545.3 billion (revised from $545.5 billion); unfilled orders, $1,126.8 billion 

(revised from $1,126.7 billion) and total inventories, $801.3 billion (revised from $802.0 billion). 

Revised and more detailed estimates, plus nondurable goods data, will be published on October 4, 2022, at 

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

27, 2022, 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. 

“Virtually unchanged” indicates that the change is less than 0.05 percent for a percent increase or 

decrease. 
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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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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/> 

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

Aug Jul Jun Jul - Jun - May - Aug Jul Aug Change

2022 2 2022 r 2022 Aug 2Jul r

Jun 2022 2 2022 r 2021 2022 2021 2022/2021

DURABLE GOODS

 Total:

 Shipments................................ 272,092 270,082 269,545 0.7 0.2 0.3 284,611 248,966 251,983 2,119,757 1,904,149 11.3

 New Orders4.............................. 272,659 273,294 273,571 -0.2 -0.1 2.3 279,113 249,478 250,971 2,134,083 1,924,955 10.9

 Excluding transportation:

 Shipments................................ 184,115 183,758 184,265 0.2 -0.3 0.3 192,423 175,803 175,294 1,454,122 1,315,104 10.6

 New Orders4.............................. 180,693 180,300 179,945 0.2 0.2 0.4 184,998 170,747 171,757 1,431,725 1,325,596 8.0

 Excluding defense:

 Shipments................................ 255,460 253,668 253,665 0.7 0.0 0.4 268,368 234,229 237,092 1,995,571 1,787,281 11.7

 New Orders4.............................. 253,841 256,037 253,677 -0.9 0.9 0.8 262,691 236,548 239,484 2,010,022 1,811,683 10.9

 Manufacturing with unfilled orders:

 Shipments................................ 188,080 186,341 185,506 0.9 0.5 -0.1 194,929 172,153 173,089 1,464,894 1,306,398 12.1

 New Orders.............................. 193,520 194,425 194,488 -0.5 0.0 2.7 194,671 177,591 177,269 1,516,869 1,364,106 11.2

 Primary metals:

 Shipments................................ 20,766 20,758 21,394 0.0 -3.0 -0.5 21,872 19,726 19,887 168,974 148,211 14.0

 New Orders.............................. 20,825 20,743 21,050 0.4 -1.5 -1.4 21,444 19,542 19,463 169,104 152,501 10.9

 Fabricated metal products:

 Shipments................................ 36,880 37,116 37,079 -0.6 0.1 0.6 39,431 35,518 35,687 294,859 260,351 13.3

 New Orders.............................. 36,921 37,173 36,922 -0.7 0.7 0.3 38,740 35,468 36,757 300,064 281,210 6.7

 Machinery:

 Shipments................................ 38,063 38,021 37,760 0.1 0.7 0.5 38,772 35,802 34,481 299,549 262,741 14.0

 New Orders.............................. 38,768 38,639 38,434 0.3 0.5 0.5 38,754 36,360 35,487 306,480 275,754 11.1

 Computers and electronic products4:

 Shipments................................ 29,305 29,188 29,030 0.4 0.5 1.6 29,634 27,226 27,438 222,109 209,404 6.1

 New Orders.............................. 24,765 24,568 24,211 0.8 1.5 1.8 23,551 21,802 22,006 184,700 174,927 5.6

 Computers and related products:

 Shipments................................ 2,186 2,163 1,984 1.1 9.0 7.3 2,121 1,992 1,751 14,872 13,498 10.2

 New Orders.............................. 2,178 2,173 1,995 0.2 8.9 8.2 2,113 2,002 1,737 14,863 13,459 10.4

 

 Communications equipment:

 Shipments................................ 3,298 3,369 3,306 -2.1 1.9 1.4 2,979 2,860 2,724 24,751 22,432 10.3

 New Orders.............................. 3,378 3,275 3,132 3.1 4.6 -4.2 2,836 2,434 2,881 24,428 23,443 4.2

 Electrical equipment, appliances, 

 and components: 

 Shipments................................ 13,384 13,122 13,405 2.0 -2.1 0.2 13,998 12,413 12,660 104,800 94,316 11.1

 New Orders.............................. 13,765 13,628 13,717 1.0 -0.6 2.7 14,118 12,611 13,051 107,465 98,835 8.7

 Transportation equipment: 

 Shipments................................ 87,977 86,324 85,280 1.9 1.2 0.2 92,188 73,163 76,689 665,635 589,045 13.0

 New Orders.............................. 91,966 92,994 93,626 -1.1 -0.7 6.1 94,115 78,731 79,214 702,358 599,359 17.2

 Motor vehicles and parts:

 Shipments................................ 59,809 59,629 59,651 0.3 0.0 1.6 64,976 50,275 54,711 462,849 408,915 13.2

 New Orders.............................. 59,793 59,630 59,650 0.3 0.0 1.6 65,049 50,106 55,202 462,975 411,672 12.5

 

 Nondefense aircraft and parts5:

 Shipments................................ 12,006 10,534 10,085 14.0 4.5 -7.1 11,215 8,508 7,859 81,653 69,711 17.1

 New Orders.............................. 13,338 16,366 14,596 -18.5 12.1 1.0 12,043 15,716 13,035 117,129 80,650 45.2

 Defense aircraft and parts:

 Shipments................................ 5,519 5,192 5,377 6.3 -3.4 0.3 5,493 4,635 5,323 41,362 41,085 0.7

 New Orders.............................. 6,878 5,244 9,644 31.2 -45.6 78.3 6,541 3,865 3,851 43,285 37,303 16.0

 All other durable goods: 

 Shipments................................ 45,717 45,553 45,597 0.4 -0.1 -0.4 48,716 45,118 45,141 363,831 340,081 7.0

 New Orders.............................. 45,649 45,549 45,611 0.2 -0.1 -0.2 48,391 44,964 44,993 363,912 342,369 6.3

 Capital goods3:

 Shipments................................ 96,568 94,946 93,411 1.7 1.6 -0.4 96,109 86,958 84,350 734,118 660,282 11.2

 New Orders.............................. 101,324 102,180 98,332 -0.8 3.9 0.7 97,504 92,358 88,105 776,355 689,300 12.6

 Nondefense capital goods:

 Shipments................................ 82,060 80,643 79,762 1.8 1.1 -0.2 82,032 74,078 71,432 626,165 558,636 12.1

 New Orders.............................. 84,709 87,090 84,937 -2.7 2.5 1.0 82,816 81,193 77,852 671,484 588,505 14.1

 Excluding aircraft:

 Shipments........................... 74,180 73,929 73,474 0.3 0.6 0.8 74,830 69,115 66,851 574,699 513,726 11.9

 New Orders.......................... 75,647 74,699 74,190 1.3 0.7 1.0 74,595 68,928 67,947 583,931 532,184 9.7

 Defense capital goods:

 Shipments................................ 14,508 14,303 13,649 1.4 4.8 -1.9 14,077 12,880 12,918 107,953 101,646 6.2

 New Orders.............................. 16,615 15,090 13,395 10.1 12.7 -1.4 14,688 11,165 10,253 104,871 100,795 4.0

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, August Advance Report, September 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

Aug Jul Jun Jul - Jun - May - Aug Jul Aug 2022/

2022 2 2022 r 2022 Aug 2Jul r

Jun 2022 2 2022 r 2021 2021

DURABLE GOODS

 Total:

 Unfilled Orders4......................... 1,132,245 1,126,805 1,118,721 0.5 0.7 0.8 1,126,576 1,126,834 1,054,291 6.9

 Total Inventories....................... 487,237 486,257 485,143 0.2 0.2 0.4 489,972 489,552 453,745 8.0

 Excluding transportation:

 Unfilled Orders4......................... 473,155 471,704 470,290 0.3 0.3 0.1 471,624 473,809 448,642 5.1

 Total Inventories....................... 329,735 328,742 327,567 0.3 0.4 0.6 330,633 330,646 298,962 10.6

 Excluding defense:

 Unfilled Orders4........................... 917,356 914,102 906,861 0.4 0.8 0.6 914,913 915,350 844,839 8.3

 Total Inventories....................... 460,577 459,457 458,572 0.2 0.2 0.4 463,205 462,653 428,206 8.2

 Manufacturing with unfilled orders:

 Unfilled Orders......................... 1,132,245 1,126,805 1,118,721 0.5 0.7 0.8 1,126,576 1,126,834 1,054,291 6.9

 Total Inventories....................... 389,963 389,597 388,805 0.1 0.2 0.5 392,210 392,984 364,213 7.7

 Primary metals:

 Unfilled Orders......................... 30,804 30,745 30,760 0.2 0.0 -1.1 30,375 30,803 30,647 -0.9

 Total Inventories....................... 38,977 39,089 39,284 -0.3 -0.5 -0.2 38,865 39,248 35,306 10.1

 Fabricated metal products:

 Unfilled Orders......................... 118,016 117,975 117,918 0.0 0.0 -0.1 119,175 119,866 115,308 3.4

 Total Inventories....................... 62,705 62,584 62,429 0.2 0.2 0.3 62,733 63,337 57,203 9.7

 Machinery: 

 Unfilled Orders......................... 132,275 131,570 130,952 0.5 0.5 0.5 131,853 131,871 121,530 8.5

 Total Inventories....................... 84,253 83,862 83,269 0.5 0.7 1.1 84,576 83,809 73,276 15.4

 Computers and electronic products4:

 Unfilled Orders......................... 140,739 140,406 140,154 0.2 0.2 0.1 139,242 140,085 134,313 3.7

 Total Inventories....................... 52,443 52,278 52,097 0.3 0.3 0.7 52,817 52,757 50,240 5.1

 Computers and related products:

 Unfilled Orders......................... 1,210 1,218 1,208 -0.7 0.8 0.9 1,210 1,218 1,338 -9.6

 Total Inventories....................... 3,965 3,903 3,874 1.6 0.7 -0.4 4,132 3,967 3,808 8.5

 

 Communications equipment:

 Unfilled Orders......................... 21,452 21,372 21,466 0.4 -0.4 -0.8 21,019 21,162 19,059 10.3

 Total Inventories....................... 5,387 5,392 5,381 -0.1 0.2 0.8 5,535 5,463 5,348 3.5

 Electrical equipment, appliances, 

 and components: 

 Unfilled Orders......................... 39,652 39,271 38,765 1.0 1.3 0.8 39,466 39,346 35,145 12.3

 Total Inventories....................... 23,146 22,948 22,862 0.9 0.4 0.2 23,394 23,400 20,348 15.0

 Transportation equipment: 

 Unfilled Orders......................... 659,090 655,101 648,431 0.6 1.0 1.3 654,952 653,025 605,649 8.1

 Total Inventories....................... 157,502 157,515 157,576 0.0 0.0 0.2 159,339 158,906 154,783 2.9

 Motor vehicles and parts:

 Unfilled Orders......................... 28,457 28,473 28,472 -0.1 0.0 0.0 27,873 27,800 26,458 5.3

 Total Inventories....................... 51,761 51,501 51,552 0.5 -0.1 -0.4 52,580 52,283 49,187 6.9

 

 Nondefense Aircraft and parts:

 Unfilled Orders......................... 441,433 440,101 434,269 0.3 1.3 1.0 440,809 439,981 395,285 11.5

 Total Inventories....................... 75,804 76,006 76,062 -0.3 -0.1 0.1 76,514 76,341 77,162 -0.8

 Defense Aircraft and parts: 

 Unfilled Orders......................... 61,474 60,115 60,063 2.3 0.1 7.6 60,481 59,433 56,281 7.5

 Total Inventories....................... 12,868 13,076 13,009 -1.6 0.5 1.9 12,893 13,137 12,592 2.4

 All other durable goods: 

 Unfilled Orders......................... 11,669 11,737 11,741 -0.6 0.0 0.1 11,513 11,838 11,699 -1.6

 Total Inventories....................... 68,211 67,981 67,626 0.3 0.5 0.7 68,248 68,095 62,589 9.0

 Capital goods3:

 Unfilled Orders......................... 826,507 821,751 814,517 0.6 0.9 0.6 822,408 821,013 764,762 7.5

 Total Inventories....................... 236,170 235,640 234,656 0.2 0.4 0.7 238,352 237,194 221,924 7.4

 Nondefense capital goods:

 Unfilled Orders......................... 638,390 635,741 629,294 0.4 1.0 0.8 636,947 636,163 576,708 10.4

 Total Inventories....................... 213,478 212,804 212,041 0.3 0.4 0.6 215,578 214,320 200,274 7.6

 Excluding aircraft: 

 Unfilled Orders.................... 266,995 265,528 264,758 0.6 0.3 0.3 265,526 265,761 249,309 6.5

 Total Inventories................... 148,362 147,467 146,642 0.6 0.6 0.9 149,758 148,572 133,654 12.0

 Defense capital goods:

 Unfilled Orders......................... 188,117 186,010 185,223 1.1 0.4 -0.1 185,461 184,850 188,054 -1.4

 Total Inventories....................... 22,692 22,836 22,615 -0.6 1.0 1.5 22,774 22,874 21,650 5.2

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, August Advance Report, September 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>.