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FOR RELEASE AT 8:30 AM EDT, WEDNESDAY, AUGUST 24, 2022 

MONTHLY ADVANCE REPORT ON DURABLE GOODS MANUFACTURERS’ SHIPMENTS, 

INVENTORIES AND ORDERS JULY 2022 

Release Number: CB 22-134 M3-1 (22)-07 

August 24, 2022 — The U.S. Census Bureau announces the July advance report on durable goods 

manufacturers’ shipments, inventories and orders: 

New Orders 

New orders for manufactured durable goods in July decreased less than $0.1 billion or virtually unchanged 

to $273.5 billion, the U.S. Census Bureau announced today. This decrease, down following four 

consecutive monthly increases, followed a 2.2 percent June increase. Excluding transportation, new 

orders increased 0.3 percent. Excluding defense, new orders increased 1.2 percent. Transportation 

equipment, down following three consecutive monthly increases, drove the decrease, $0.6 billion or 0.7 

percent to $93.0 billion. 

Shipments

Shipments of manufactured durable goods in July, up fourteen of the last fifteen months, increased $1.0 

billion or 0.4 percent to $270.5 billion. This followed a 0.3 percent June increase. Transportation 

equipment, up nine of the last ten months, drove the increase, $1.0 billion or 1.1 percent to $86.3 billion. 

DURABLE GOODS – NEW ORDERS 

JULY 2022 $273.5 billion -0.0%° 

JUNE 2022 

(revised) $273.5 billion +2.2%° 

Next release: September 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, August 24, 

2022.

1.6%

-1.5%

1.5% 1.4%

0.9%

3.1%

-0.7%

0.7%

0.4%

0.8%

2.2%

0.0%

-4.0%

-3.0%

-2.0%

-1.0%

0.0%

1.0%

2.0%

3.0%

4.0%

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

DURABLE GOODS NEW ORDERS 2021-2022

Seasonally Adjusted, Month-To-Month Percentage Change

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders, August 24, 2022.
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Unfilled Orders 

Unfilled orders for manufactured durable goods in July, up twenty-three consecutive months, increased 

$7.9 billion or 0.7 percent to $1,126.5 billion. This followed a 0.8 percent June increase. Transportation 

equipment, up seventeen of the last eighteen months, led the increase, $6.7 billion or 1.0 percent to 

$655.2 billion. 

Inventories 

Inventories of manufactured durable goods in July, up eighteen consecutive months, increased $1.1 billion 

or 0.2 percent to $486.2 billion. This followed a 0.4 percent June increase. Machinery, up twenty-one 

consecutive months, led the increase, $0.7 billion or 0.8 percent to $84.0 billion. 

Capital Goods 

Nondefense new orders for capital goods in July increased $2.4 billion or 2.8 percent to $87.3 billion. 

Shipments increased $0.9 billion or 1.1 percent to $80.7 billion. Unfilled orders increased $6.6 billion or 

1.1 percent to $635.9 billion. Inventories increased $0.8 billion or 0.4 percent to $212.9 billion. Defense 

new orders for capital goods in July increased $1.2 billion or 8.7 percent to $14.6 billion. Shipments 

increased $0.6 billion or 4.4 percent to $14.2 billion. Unfilled orders increased $0.3 billion or 0.2 percent 

to $185.5 billion. Inventories increased $0.2 billion or 0.8 percent to $22.8 billion. 

Revised June Data

Revised seasonally adjusted June figures for all manufacturing industries were: new orders, $554.3 billion 

(revised from $555.2 billion); shipments, $550.3 billion (revised from $551.9 billion); unfilled orders, 

$1,118.7 billion (revised from $1,118.0 billion) and total inventories, $801.5 billion (unchanged from 

$801.5 billion). 

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

2022, at 10:00 a.m. EDT. The Advance Report on durable goods for August is scheduled for release on 

September 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>. 
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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. 

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 
Data Inquiries Media Inquiries 

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survey documentation can be found on our web site: 

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

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

Jul Jun May Jun - May - Apr - Jul Jun Jul Change

2022 2 2022 r 2022 Jul 2Jun r May 2022 2 2022 r 2021 2022 2021 2022/2021

DURABLE GOODS

 Total:

 Shipments................................ 270,511 269,537 268,814 0.4 0.3 1.5 249,685 292,776 231,481 1,835,773 1,652,166 11.1

 New Orders4.............................. 273,476 273,523 267,533 0.0 2.2 0.8 250,049 294,373 228,559 1,855,444 1,673,984 10.8

 Excluding transportation:

 Shipments................................ 184,235 184,240 183,702 0.0 0.3 1.0 176,353 198,795 164,533 1,262,162 1,139,810 10.7

 New Orders4.............................. 180,471 179,880 179,258 0.3 0.3 0.4 171,126 192,478 162,425 1,247,018 1,153,839 8.1

 Excluding defense:

 Shipments................................ 254,145 253,663 252,658 0.2 0.4 1.4 234,970 275,912 217,320 1,727,860 1,550,189 11.5

 New Orders4.............................. 256,760 253,640 251,752 1.2 0.7 0.7 237,147 272,378 216,553 1,747,845 1,572,199 11.2

 Manufacturing with unfilled orders:

 Shipments................................ 186,790 185,486 185,669 0.7 -0.1 1.5 172,677 203,049 159,025 1,270,424 1,133,309 12.1

 New Orders.............................. 194,649 194,428 189,296 0.1 2.7 0.5 177,975 209,440 160,986 1,322,512 1,186,837 11.4

 Primary metals:

 Shipments................................ 20,828 21,392 21,509 -2.6 -0.5 2.2 19,768 22,569 18,641 147,141 128,324 14.7

 New Orders.............................. 20,750 21,048 21,350 -1.4 -1.4 1.9 19,596 21,913 19,063 147,708 133,038 11.0

 Fabricated metal products:

 Shipments................................ 37,307 37,051 36,849 0.7 0.5 0.8 35,664 39,347 32,644 255,530 224,664 13.7

 New Orders.............................. 37,339 36,883 36,810 1.2 0.2 -0.2 35,605 38,806 33,287 261,411 244,453 6.9

 Machinery:

 Shipments................................ 38,092 37,773 37,587 0.8 0.5 1.4 35,933 41,454 32,652 260,899 228,260 14.3

 New Orders.............................. 38,585 38,424 38,242 0.4 0.5 1.3 36,354 41,298 34,568 267,719 240,267 11.4

 Computers and electronic products4:

 Shipments................................ 29,022 28,995 28,579 0.1 1.5 0.6 27,126 31,441 25,433 192,375 181,966 5.7

 New Orders.............................. 24,293 24,161 23,787 0.5 1.6 0.2 21,672 26,647 20,337 161,019 152,921 5.3

 Computers and related products:

 Shipments................................ 2,064 1,984 1,849 4.0 7.3 0.8 1,992 2,430 1,617 12,751 11,747 8.5

 New Orders.............................. 2,074 1,995 1,844 4.0 8.2 0.7 2,002 2,441 1,630 12,750 11,722 8.8

 

 Communications equipment:

 Shipments................................ 3,383 3,306 3,259 2.3 1.4 0.9 2,860 4,052 2,554 21,772 19,708 10.5

 New Orders.............................. 3,185 3,132 3,271 1.7 -4.2 -2.2 2,434 3,835 2,738 21,592 20,562 5.0

 Electrical equipment, appliances, 

 and components: 

 Shipments................................ 13,242 13,423 13,383 -1.3 0.3 2.2 12,555 14,831 11,883 90,945 81,656 11.4

 New Orders.............................. 13,683 13,741 13,353 -0.4 2.9 -0.8 12,704 14,795 11,673 93,441 85,784 8.9

 Transportation equipment: 

 Shipments................................ 86,276 85,297 85,112 1.1 0.2 2.5 73,332 93,981 66,948 573,611 512,356 12.0

 New Orders.............................. 93,005 93,643 88,275 -0.7 6.1 1.6 78,923 101,895 66,134 608,426 520,145 17.0

 Motor vehicles and parts:

 Shipments................................ 59,659 59,668 58,708 0.0 1.6 1.7 50,432 62,841 45,926 398,030 354,204 12.4

 New Orders.............................. 59,799 59,672 58,695 0.2 1.7 1.2 50,289 62,141 46,255 398,109 356,470 11.7

 

 Nondefense aircraft and parts5:

 Shipments................................ 10,460 10,085 10,850 3.7 -7.1 5.8 8,514 14,417 7,873 70,444 61,852 13.9

 New Orders.............................. 16,715 14,596 14,452 14.5 1.0 0.9 15,722 18,354 8,614 105,092 67,615 55.4

 Defense aircraft and parts:

 Shipments................................ 5,177 5,371 5,359 -3.6 0.2 0.6 4,625 5,964 4,907 35,851 35,762 0.2

 New Orders.............................. 4,839 9,633 5,410 -49.8 78.1 9.9 3,851 10,495 4,119 36,718 33,452 9.8

 All other durable goods: 

 Shipments................................ 45,744 45,606 45,795 0.3 -0.4 0.2 45,307 49,153 43,280 315,272 294,940 6.9

 New Orders.............................. 45,821 45,623 45,716 0.4 -0.2 0.2 45,195 49,019 43,497 315,720 297,376 6.2

 Capital goods3:

 Shipments................................ 94,899 93,410 93,833 1.6 -0.5 1.8 87,107 104,884 79,939 638,154 575,932 10.8

 New Orders.............................. 101,823 98,293 97,652 3.6 0.7 1.0 92,270 109,306 80,103 678,767 601,195 12.9

 Nondefense capital goods:

 Shipments................................ 80,653 79,761 79,921 1.1 -0.2 1.7 74,239 90,651 67,633 544,290 487,204 11.7

 New Orders.............................. 87,265 84,898 84,070 2.8 1.0 0.9 81,119 94,363 69,759 588,598 510,653 15.3

 Excluding aircraft:

 Shipments........................... 73,960 73,473 72,872 0.7 0.8 1.0 69,276 80,368 62,933 500,026 446,875 11.9

 New Orders.......................... 74,464 74,151 73,477 0.4 0.9 0.5 68,854 80,037 64,243 509,266 464,237 9.7

 Defense capital goods:

 Shipments................................ 14,246 13,649 13,912 4.4 -1.9 2.2 12,868 14,233 12,306 93,864 88,728 5.8

 New Orders.............................. 14,558 13,395 13,582 8.7 -1.4 1.5 11,151 14,943 10,344 90,169 90,542 -0.4

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, July Advance Report, August 24, 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

Jul Jun May Jun - May - Apr - Jul Jun Jul 2022/

2022 2 2022 r 2022 Jul 2Jun r May 2022 2 2022 r 2021 2021

DURABLE GOODS

 Total:

 Unfilled Orders4......................... 1,126,540 1,118,681 1,109,739 0.7 0.8 0.3 1,126,689 1,121,391 1,050,111 7.3

 Total Inventories....................... 486,213 485,106 482,970 0.2 0.4 0.6 489,340 484,481 449,605 8.8

 Excluding transportation:

 Unfilled Orders4......................... 471,380 470,250 469,654 0.2 0.1 0.1 473,645 473,938 446,987 6.0

 Total Inventories....................... 328,857 327,549 325,682 0.4 0.6 0.8 330,549 328,135 296,560 11.5

 Excluding defense:

 Unfilled Orders4........................... 914,335 906,826 901,893 0.8 0.5 0.4 915,215 908,104 837,255 9.3

 Total Inventories....................... 459,464 458,538 456,759 0.2 0.4 0.6 462,478 457,825 424,319 9.0

 Manufacturing with unfilled orders:

 Unfilled Orders......................... 1,126,540 1,118,681 1,109,739 0.7 0.8 0.3 1,126,689 1,121,391 1,050,111 7.3

 Total Inventories....................... 389,695 388,769 386,714 0.2 0.5 0.6 392,875 389,182 361,756 8.6

 Primary metals:

 Unfilled Orders......................... 30,682 30,760 31,104 -0.3 -1.1 -0.5 30,812 30,984 31,071 -0.8

 Total Inventories....................... 39,054 39,272 39,371 -0.6 -0.3 1.1 39,211 39,225 34,966 12.1

 Fabricated metal products:

 Unfilled Orders......................... 117,939 117,907 118,075 0.0 -0.1 0.0 119,851 119,910 114,238 4.9

 Total Inventories....................... 62,629 62,415 62,238 0.3 0.3 0.7 63,347 62,755 57,059 11.0

 Machinery: 

 Unfilled Orders......................... 131,422 130,929 130,278 0.4 0.5 0.5 131,742 131,321 120,524 9.3

 Total Inventories....................... 83,952 83,275 82,362 0.8 1.1 1.3 83,774 83,333 71,745 16.8

 Computers and electronic products4:

 Unfilled Orders......................... 140,304 140,139 140,017 0.1 0.1 0.1 140,063 140,583 134,553 4.1

 Total Inventories....................... 52,157 52,070 51,758 0.2 0.6 0.1 52,634 52,151 50,172 4.9

 Computers and related products:

 Unfilled Orders......................... 1,218 1,208 1,197 0.8 0.9 -0.4 1,218 1,208 1,352 -9.9

 Total Inventories....................... 3,885 3,874 3,889 0.3 -0.4 1.6 3,968 3,931 3,691 7.5

 

 Communications equipment:

 Unfilled Orders......................... 21,268 21,466 21,640 -0.9 -0.8 0.1 21,162 21,588 18,902 12.0

 Total Inventories....................... 5,377 5,381 5,338 -0.1 0.8 -0.9 5,463 5,377 5,255 4.0

 Electrical equipment, appliances, 

 and components: 

 Unfilled Orders......................... 39,212 38,771 38,453 1.1 0.8 -0.1 39,297 39,148 34,754 13.1

 Total Inventories....................... 23,035 22,884 22,813 0.7 0.3 1.3 23,540 23,084 20,392 15.4

 Transportation equipment: 

 Unfilled Orders......................... 655,160 648,431 640,085 1.0 1.3 0.5 653,044 647,453 603,124 8.3

 Total Inventories....................... 157,356 157,557 157,288 -0.1 0.2 0.3 158,791 156,346 153,045 3.8

 Motor vehicles and parts:

 Unfilled Orders......................... 28,617 28,477 28,473 0.5 0.0 0.0 27,826 27,969 25,967 7.2

 Total Inventories....................... 51,363 51,536 51,766 -0.3 -0.4 0.5 52,178 50,812 48,186 8.3

 

 Nondefense Aircraft and parts:

 Unfilled Orders......................... 440,524 434,269 429,758 1.4 1.0 0.8 439,981 432,773 390,109 12.8

 Total Inventories....................... 76,028 76,062 76,012 0.0 0.1 -0.2 76,340 75,642 76,554 -0.3

 Defense Aircraft and parts: 

 Unfilled Orders......................... 59,720 60,058 55,796 -0.6 7.6 0.1 59,425 60,199 57,753 2.9

 Total Inventories....................... 13,069 13,006 12,765 0.5 1.9 0.0 13,131 12,997 12,508 5.0

 All other durable goods: 

 Unfilled Orders......................... 11,821 11,744 11,727 0.7 0.1 -0.7 11,880 11,992 11,847 0.3

 Total Inventories....................... 68,030 67,633 67,140 0.6 0.7 0.4 68,043 67,587 62,226 9.3

 Capital goods3:

 Unfilled Orders......................... 821,403 814,479 809,596 0.9 0.6 0.5 820,784 815,621 761,007 7.9

 Total Inventories....................... 235,649 234,653 233,124 0.4 0.7 0.4 237,160 235,061 219,430 8.1

 Nondefense capital goods:

 Unfilled Orders......................... 635,868 629,256 624,119 1.1 0.8 0.7 635,936 629,056 570,288 11.5

 Total Inventories....................... 212,857 212,038 210,848 0.4 0.6 0.4 214,317 212,349 198,026 8.2

 Excluding aircraft: 

 Unfilled Orders.................... 265,224 264,720 264,042 0.2 0.3 0.2 265,534 265,956 248,213 7.0

 Total Inventories................... 147,501 146,639 145,364 0.6 0.9 0.7 148,569 147,155 131,957 12.6

 Defense capital goods:

 Unfilled Orders......................... 185,535 185,223 185,477 0.2 -0.1 -0.2 184,848 186,565 190,719 -3.1

 Total Inventories....................... 22,792 22,615 22,276 0.8 1.5 0.4 22,843 22,712 21,404 6.7

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, July Advance Report, August 24, 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>.