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FOR RELEASE AT 10:00 AM EDT, THURSDAY, APRIL 2, 2020 

MONTHLY FULL REPORT ON MANUFACTURERS’ SHIPMENTS, INVENTORIES AND ORDERS 

FEBRUARY 2020 

Release Number: CB 20-50 M3-2 (20)-02 

April 2, 2020 — The U.S. Census Bureau announces the February full report on manufacturers’ shipments, 

inventories and orders: 

 MANUFACTURED GOODS – NEW ORDERS 

FEBRUARY 2020 $497.4 billion 0.0%° 

JANUARY 2020 

(revised) $497.5 billion -0.5%° 

Next release: May 4, 2020 

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, April 2, 2020. 

Summary 

New orders for manufactured goods in February, down three of the last four months, decreased $0.1 

billion or virtually unchanged to $497.4 billion, the U.S. Census Bureau reported today. This followed a 0.5 

percent January decrease. Shipments, down two consecutive months, decreased $0.8 billion or 0.2 

percent to $500.3 billion. This followed a 0.6 percent January decrease. Unfilled orders, up four of the last 

five months, increased $1.4 billion or 0.1 percent to $1,158.6 billion. This followed a virtually unchanged 

January increase. The unfilled orders-to-shipments ratio was 6.61, down from 6.62 in January. 

Inventories, down two consecutive months, decreased $2.6 billion or 0.4 percent to $699.4 billion. This 

followed a 0.3 percent January decrease. The inventories-to-shipments ratio was 1.40, unchanged from 

January. 

New Orders 

New orders for manufactured durable goods in February, up four of the last five months, increased $3.0 

billion or 1.2 percent to $249.5 billion, unchanged from the previously published increase. This followed a 

0.1 percent January increase. Transportation equipment, up two of the last three months, drove the 

Mar-19 Apr-19 May-19 Jun-19 Jul-19 Aug-19 Sep-19 Oct-19 Nov-19 Dec-19 Jan-20 Feb-20

% Change 1.3% -1.2% -1.3% 0.5% 1.4% -0.1% -0.8% 0.2% -1.2% 1.9% -0.5% 0.0%

-4.0%

-3.0%

-2.0%

-1.0%

0.0%

1.0%

2.0%

3.0%

4.0%

MANUFACTURERS' NEW ORDERS 2019-2020

Seasonally Adjusted, Month-To-Month Percentage Change

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders, 

April 2, 2020. 
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increase, $3.9 billion or 4.6 percent to $86.9 billion. New orders for manufactured nondurable goods 

decreased $3.0 billion or 1.2 percent to $247.9 billion.

Shipments 

Shipments of manufactured durable goods in February, up following seven consecutive monthly 

decreases, increased $2.2 billion or 0.9 percent to $252.4 billion, up from the previously published 0.8 

percent increase. This followed a virtually unchanged January decrease. Transportation equipment, also 

up following seven consecutive monthly decreases, drove the increase, $2.4 billion or 2.9 percent to $84.9 

billion. Shipments of manufactured nondurable goods, down two consecutive months, decreased $3.0 

billion or 1.2 percent to $247.9 billion. This followed a 1.1 percent January decrease. Petroleum and coal 

products, also down two consecutive months, led the decrease, $2.1 billion or 3.9 percent to $51.1 billion. 

Unfilled Orders 

Unfilled orders for manufactured durable goods in February, up four of the last five months, increased 

$1.4 billion or 0.1 percent to $1,158.6 billion, unchanged from the previously published increase. This 

followed a virtually unchanged January increase. Transportation equipment, up seven of the last eight 

months, drove the increase, $1.9 billion or 0.2 percent to $791.2 billion. 

Inventories

Inventories of manufactured durable goods in February, down two consecutive months, decreased $0.1 

billion or virtually unchanged to $434.5 billion, down from the previously published increase. This 

followed a 0.2 percent January decrease. Computers and electronic products, also down two consecutive 

months, drove the decrease, $0.3 billion or 0.8 percent to $43.3 billion. Inventories of manufactured 

nondurable goods, down two consecutive months, decreased $2.5 billion or 0.9 percent to $264.9 billion. 

This followed a 0.5 percent January decrease. Petroleum and coal products, also down two consecutive 

months, led the decrease, $2.1 billion or 5.2 percent to $38.3 billion. By stage of fabrication, February 

materials and supplies increased 0.3 percent in durable goods and decreased 0.4 percent in nondurable 

goods. Work in process increased 0.1 percent in durable goods and decreased 2.9 percent in nondurable 

goods. Finished goods decreased 0.6 percent in durable goods and 0.5 percent in nondurable goods. 

The Advance Report on durable goods for March is scheduled for release on April 24, 2020 at 8:30 a.m. 

EDT and the Full Report on May 4, 2020 at 10:00 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 64 percent of the total value of shipments for manufacturing establishments in the 2012 

Economic Census, and these companies include almost two-thirds of the manufacturing companies with 

$500 million or more in shipments in the 2012 Economic Census. The companies for which shipments data 

are currently reported in the M3 survey represent approximately 57 percent of the total value of 

shipments for manufacturing establishments in the 2012 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 
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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>. 

BENCHMARK NOTICE 

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

issued on May 15, 2020. These revisions result from 

• benchmarking the M3 shipments and inventories data to the 2017 Economic Census data on a 

2017 NAICS basis; 

• incorporating the unfilled orders to shipments ratios obtained for 2017 and 2016 from the 

Manufacturers’ Unfilled Orders (M3UFO) Survey by applying these ratios to the respective 2017 

Economic Census data and 2016 ASM shipments data; 

• 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 2007 through March 2020 and the data 

not seasonally adjusted for January 2012 through March 2020. An updated Press Release will contain 

revised monthly tables for January 2020 through March 2020. Please call M3 staff on (301) 763-4832 with 

any questions. 

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/>. 
Data Inquiries Media Inquiries 

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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. Value of Manufacturers' Shipments for Industry Groups1

[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

Industry % Change

Feb. Jan. Dec. Jan. - Dec. - Nov. - Feb. Jan. Dec. Feb. 2020/

2020p 2020r 2019 Feb. Jan. Dec. 2020p 2020r 2019 2019 2020p 2019 2019

 All manufacturing industries.................. 500,349 501,166 504,166 -0.2 -0.6 0.5 475,716 467,457 493,310 469,660 943,173 936,630 0.7

 Excluding transportation................... 415,401 418,586 420,667 -0.8 -0.5 0.6 392,246 393,128 411,952 383,897 785,374 771,359 1.8

 Excluding defense.............................. 485,257 485,795 489,930 -0.1 -0.8 0.6 460,895 454,619 477,547 455,935 915,514 910,504 0.6

 With unfilled orders............................ 175,343 174,680 173,980 0.4 0.4 0.2 167,363 158,993 173,801 167,096 326,356 328,823 -0.8

 Durable goods industries......................... 252,429 250,236 250,345 0.9 0.0 -0.2 241,864 228,169 245,835 241,918 470,033 475,297 -1.1

 Wood products....................................... 9,395 9,434 9,356 -0.4 0.8 -0.4 8,720 8,186 8,225 8,260 16,906 16,065 5.2

 Nonmetallic mineral products.................... 11,375 11,410 11,322 -0.3 0.8 1.0 9,876 10,131 9,737 9,543 20,007 19,346 3.4

 Primary metals....................................... 20,196 20,198 19,866 0.0 1.7 0.0 19,927 19,945 17,835 20,466 39,872 41,440 -3.8

 Iron and steel mills............................ 9,978 10,151 9,815 -1.7 3.4 0.6 9,799 10,064 8,690 10,480 19,863 21,251 -6.5

 Aluminum and nonferrous metals.......... 8,771 8,575 8,669 2.3 -1.1 0.2 8,720 8,492 7,925 8,556 17,212 17,367 -0.9

 Ferrous metal foundries....................... 1,447 1,472 1,382 -1.7 6.5 -4.7 1,408 1,389 1,220 1,430 2,797 2,822 -0.9

 Fabricated metal products....................... 33,807 33,687 33,530 0.4 0.5 -1.0 32,318 31,656 31,151 31,704 63,974 63,303 1.1

 Machinery............................................. 32,287 32,712 32,528 -1.3 0.6 -0.1 31,200 29,455 33,089 31,767 60,655 61,641 -1.6

 Farm machinery................................. 2,324 2,477 2,449 -6.2 1.1 -1.5 2,677 2,218 2,140 3,028 4,895 5,359 -8.7

 Construction machinery..................... 2,747 2,920 2,630 -5.9 11.0 -2.4 2,704 2,577 2,496 3,020 5,281 5,678 -7.0

 Mining, oil field, and 

 gas field machinery.......................... 1,399 1,441 1,413 -2.9 2.0 4.4 1,329 1,360 1,626 1,314 2,689 2,668 0.8

 Industrial machinery.......................... 3,156 3,249 3,138 -2.9 3.5 -1.8 2,734 2,668 3,655 2,262 5,402 4,394 22.9

 Photographic equipment...................... 549 554 546 -0.9 1.5 -5.4 521 474 595 559 995 1,032 -3.6

 Ventilation, heating, air-conditioning,

 and refrigeration equipment............ 3,948 3,809 3,986 3.6 -4.4 -0.9 3,266 3,122 3,789 3,358 6,388 6,650 -3.9

 Metalworking machinery..................... 2,541 2,477 2,558 2.6 -3.2 2.0 2,342 2,260 2,868 2,389 4,602 4,833 -4.8

 Turbines, generators, and other

 power transmission equipment....... 4,171 4,263 4,256 -2.2 0.2 1.2 4,241 4,023 4,029 4,392 8,264 8,524 -3.1

 Material handling equipment............... 2,791 2,828 2,826 -1.3 0.1 1.6 2,704 2,667 2,934 2,740 5,371 5,417 -0.8

 Computers and electronic products2

.......... 27,897 27,817 27,855 0.3 -0.1 -0.1 25,362 24,768 31,575 24,733 50,130 49,386 1.5

 Computers........................................ 576 572 551 0.7 3.8 0.2 433 474 665 494 907 1,042 -13.0

 Computer storage devices..................... 426 436 400 -2.3 9.0 -17.0 300 316 610 237 616 449 37.2

 Other peripheral equipment................ 823 838 815 -1.8 2.8 -5.3 666 720 1,083 633 1,386 1,280 8.3

 Nondefense communications

 equipment.................................... 3,614 3,620 3,672 -0.2 -1.4 2.9 3,017 2,862 5,022 2,885 5,879 5,612 4.8

 Defense communications equipment.... 270 260 314 3.8 -17.2 27.1 278 222 306 276 500 555 -9.9

 Audio and video equipment.................... 236 242 269 -2.5 -10.0 3.5 198 177 384 282 375 522 -28.2

 Electronic components......................... 3,860 3,868 3,803 -0.2 1.7 0.8 3,607 3,461 3,871 3,220 7,068 6,383 10.7

 Nondefense search and navigation

 equipment...................................... 1,486 1,556 1,549 -4.5 0.5 0.3 1,420 1,336 1,725 1,481 2,756 2,871 -4.0

 Defense search and navigation

 equipment..................................... 2,883 2,881 2,895 0.1 -0.5 -2.0 2,778 2,349 3,240 2,606 5,127 4,890 4.8

 Electromedical, measuring,

 and control instruments................. 8,862 8,990 8,909 -1.4 0.9 -0.2 8,059 7,656 10,429 8,190 15,715 16,184 -2.9

 Electrical equipment, appliances, 

 and components................................... 11,857 11,674 11,802 1.6 -1.1 0.2 11,087 10,420 11,625 10,549 21,507 20,867 3.1

 Electric lighting equipment..................... 1,065 1,075 1,045 -0.9 2.9 0.7 982 968 1,048 945 1,950 1,864 4.6

 Household appliances........................ 1,783 1,713 1,818 4.1 -5.8 2.5 1,623 1,414 1,931 1,519 3,037 3,044 -0.2

 Electrical equipment............................ 3,111 3,073 3,046 1.2 0.9 -1.8 2,954 2,690 2,955 2,853 5,644 5,582 1.1

 Batteries........................................... 917 877 913 4.6 -3.9 -0.3 786 762 966 748 1,548 1,494 3.6

 Transportation equipment........................ 84,948 82,580 83,499 2.9 -1.1 -0.1 83,470 74,329 81,358 85,763 157,799 165,271 -4.5

 Automobiles..................................... 8,530 7,962 7,512 7.1 6.0 -5.8 8,595 7,645 6,871 8,827 16,240 17,340 -6.3

 Light trucks and utility vehicles.............. 20,100 19,309 20,735 4.1 -6.9 0.0 20,247 17,095 19,654 21,440 37,342 40,687 -8.2

 Heavy duty trucks ............................. 2,748 2,781 2,695 -1.2 3.2 -2.6 2,561 2,536 2,300 2,781 5,097 5,635 -9.5

 Motor vehicle bodies, parts, 

 and trailers.................................... 28,636 28,905 28,304 -0.9 2.1 1.8 29,153 27,619 24,549 28,197 56,772 54,479 4.2

 Nondefense aircraft and parts................ 9,188 7,819 9,849 17.5 -20.6 5.0 7,628 6,179 12,603 11,136 13,807 21,401 -35.5

 Defense aircraft and parts.................. 4,319 4,718 3,781 -8.5 24.8 -8.4 3,818 3,607 4,520 4,021 7,425 8,008 -7.3

 Ships and boats................................. 2,853 3,031 2,661 -5.9 13.9 -4.7 2,872 2,419 2,720 2,831 5,291 5,064 4.5

 Furniture and related products.................. 6,923 6,988 6,842 -0.9 2.1 -1.0 6,816 6,557 6,698 6,443 13,373 12,650 5.7

 Miscellaneous durable goods................. 13,744 13,736 13,745 0.1 -0.1 -0.3 13,088 12,722 14,542 12,690 25,810 25,328 1.9

 Nondurable goods industries..................... 247,920 250,930 253,821 -1.2 -1.1 1.1 233,852 239,288 247,475 227,742 473,140 461,333 2.6

 Food products....................................... 68,172 68,196 68,163 0.0 0.0 -0.1 67,676 65,653 67,897 64,656 133,329 129,494 3.0

 Grain and oilseed milling....................... 7,169 7,191 7,135 -0.3 0.8 1.9 7,180 7,107 7,171 7,299 14,287 14,736 -3.0

 Dairy products.................................. 9,554 9,662 9,662 -1.1 0.0 1.0 9,179 9,466 9,665 8,800 18,645 17,803 4.7

 Meat, poultry, and seafood products... 19,273 19,268 19,362 0.0 -0.5 -1.0 18,965 18,171 18,789 18,579 37,136 37,012 0.3

 Beverage and tobacco products................ 11,894 12,418 12,480 -4.2 -0.5 2.8 11,114 11,421 12,130 11,331 22,535 22,952 -1.8

 Beverages......................................... 8,689 8,825 8,937 -1.5 -1.3 0.9 7,909 7,828 8,587 7,676 15,737 15,359 2.5

 Tobacco............................................ 3,205 3,593 3,543 -10.8 1.4 7.8 3,205 3,593 3,543 3,655 6,798 7,593 -10.5

 Textile mills........................................... 2,389 2,400 2,408 -0.5 -0.3 0.0 2,377 2,233 2,116 2,395 4,610 4,697 -1.9

 Textile products................................... 2,158 2,128 2,203 1.4 -3.4 -1.7 2,155 1,924 1,983 2,242 4,079 4,329 -5.8

 Apparel................................................ 946 969 973 -2.4 -0.4 3.0 904 909 945 897 1,813 1,791 1.2

 Leather and allied products...................... 412 409 421 0.7 -2.9 4.0 419 385 410 438 804 840 -4.3

 Paper products...................................... 16,407 16,318 16,271 0.5 0.3 0.9 15,768 16,179 15,777 15,133 31,947 31,117 2.7

 Pulp, paper, and paperboard mills....... 6,625 6,594 6,567 0.5 0.4 0.9 6,308 6,590 6,467 5,981 12,898 12,472 3.4

 Paperboard containers........................ 5,677 5,708 5,759 -0.5 -0.9 1.4 5,363 5,746 5,329 5,326 11,109 10,986 1.1

 Printing................................................. 7,042 7,112 7,072 -1.0 0.6 1.5 6,475 6,926 6,957 6,079 13,401 12,558 6.7

 Petroleum and coal products.................. 51,122 53,219 56,039 -3.9 -5.0 4.1 43,510 49,937 53,715 44,077 93,447 90,649 3.1

 Petroleum refineries.......................... 46,538 48,506 51,558 -4.1 -5.9 4.4 39,702 46,133 50,018 40,710 85,835 83,835 2.4

 Chemical products..................................... 67,673 67,959 67,956 -0.4 0.0 0.2 64,697 64,902 67,373 61,984 129,599 125,632 3.2

 Pesticides, fertilizers, and other

 agricultural chemicals....................... 2,518 2,606 2,652 -3.4 -1.7 0.9 2,578 2,252 2,461 2,731 4,830 5,105 -5.4

 Pharmaceuticals and medicines............. 23,930 23,791 23,695 0.6 0.4 -0.9 22,501 23,076 24,557 20,499 45,577 42,121 8.2

 Paints, coatings, and adhesives.......... 3,824 3,886 3,991 -1.6 -2.6 2.6 3,514 3,507 3,296 3,534 7,021 7,033 -0.2

 Plastics and rubber products.................. 19,705 19,802 19,835 -0.5 -0.2 -0.1 18,757 18,819 18,172 18,510 37,576 37,274 0.8

Year to date

p

 Preliminary 

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

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

Note: 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/>. 

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, February Full Report, April 2, 2020. 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. Value of Manufacturers' New Orders for Industry Groups1

[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

Industry % Change

Feb. Jan. Dec. Jan. - Dec. - Nov. - Feb. Jan. Dec. Feb. 2020/

2020p 2020r 2019 Feb. Jan. Dec. 2020p 2020r 2019 2019 2020p 2019 2019

All manufacturing industries2........................ 497,428 497,488 500,196 0.0 -0.5 1.9 476,165 465,556 495,544 462,788 941,721 927,826 1.5

 Excluding transportation2...................... 410,535 414,447 416,278 -0.9 -0.4 0.6 390,787 392,704 406,540 382,805 783,491 769,940 1.8

 Excluding defense2.............................. 480,145 482,957 477,695 -0.6 1.1 -0.4 458,603 455,002 469,151 450,778 913,605 905,437 0.9

 With unfilled orders2

............................. 176,710 175,002 174,167 1.0 0.5 4.4 171,835 161,721 179,779 164,269 333,556 328,859 1.4

 Durable goods industries2......................... 249,508 246,558 246,375 1.2 0.1 2.8 242,313 226,268 248,069 235,046 468,581 466,493 0.4

 Primary metals........................................ 20,116 20,314 19,760 -1.0 2.8 -0.1 20,596 20,332 18,153 21,275 40,928 42,532 -3.8

 Iron and steel mills.............................. 10,004 10,150 9,726 -1.4 4.4 0.2 10,357 10,176 8,937 11,007 20,533 21,667 -5.2

 Aluminum and nonferrous metals.......... 8,773 8,720 8,663 0.6 0.7 0.2 8,921 8,680 7,988 8,829 17,601 17,847 -1.4

 Ferrous metal foundries....................... 1,339 1,444 1,371 -7.3 5.3 -4.1 1,318 1,476 1,228 1,439 2,794 3,018 -7.4

 Fabricated metal products........................ 33,301 33,679 33,499 -1.1 0.5 0.3 32,582 32,795 30,416 32,565 65,377 65,730 -0.5

 Machinery............................................. 32,369 32,580 31,954 -0.6 2.0 -1.7 32,121 31,037 31,877 32,264 63,158 63,850 -1.1

 Construction machinery........................ 2,566 2,888 2,629 -11.1 9.9 4.8 2,607 2,872 2,506 3,161 5,479 6,016 -8.9

 Mining, oil field, and

 gas field machinery.......................... 1,417 1,354 1,312 4.7 3.2 -3.2 1,347 1,273 1,525 1,451 2,620 2,719 -3.6

 Industrial machinery............................ 3,142 3,318 3,193 -5.3 3.9 0.9 2,695 3,104 3,475 2,176 5,799 4,669 24.2

 Photographic equipment....................... 564 560 514 0.7 8.9 2.4 520 473 598 390 993 844 17.7

 Ventilation, heating, air-conditioning,

 and refrigeration equipment............... 4,001 3,859 3,838 3.7 0.5 -5.0 3,471 3,400 3,688 3,528 6,871 7,674 -10.5

 Metalworking machinery....................... 2,680 2,378 2,423 12.7 -1.9 -1.7 2,658 2,320 2,557 2,365 4,978 4,886 1.9

 Turbines, generators, and other 

 power transmission equipment........... 4,123 4,186 3,891 -1.5 7.6 -6.0 4,193 3,946 3,664 4,341 8,139 8,381 -2.9

 Material handling equipment.................. 2,684 2,816 2,978 -4.7 -5.4 2.7 2,661 2,739 3,377 2,800 5,400 5,490 -1.6

 Computers and electronic products2........... 23,513 23,670 23,844 -0.7 -0.7 1.1 21,644 20,625 28,276 21,097 42,269 41,337 2.3

 Computers........................................ 571 569 552 0.4 3.1 -6.0 428 471 666 486 899 1,074 -16.3

 Nondefense communications

 equipment...................................... 3,426 3,505 3,682 -2.3 -4.8 2.1 3,095 2,902 4,992 3,036 5,997 5,736 4.6

 Defense communications equipment....... 239 293 426 -18.4 -31.2 108.8 251 234 414 272 485 485 0.0

 Electronic components......................... 3,854 3,835 3,749 0.5 2.3 -3.8 3,632 3,724 3,943 3,294 7,356 6,763 8.8

 Nondefense search and navigation

 equipment...................................... 1,561 1,570 1,745 -0.6 -10.0 8.7 1,518 1,481 1,550 1,549 2,999 3,092 -3.0

 Defense search and navigation

 equipment...................................... 2,841 2,822 2,821 0.7 0.0 4.2 2,748 2,156 3,694 2,641 4,904 4,798 2.2

 Electromedical, measuring,

 and control instruments..................... 8,963 9,006 8,864 -0.5 1.6 0.0 8,225 7,878 10,444 8,283 16,103 16,380 -1.7

 Electrical equipment, appliances, 

 and components................................... 11,902 11,744 11,879 1.3 -1.1 -0.3 11,272 10,924 11,451 10,767 22,196 21,442 3.5

 Electric lighting equipment..................... 1,050 1,014 1,115 3.6 -9.1 2.7 967 957 1,051 959 1,924 1,919 0.3

 Household appliances.......................... 1,819 1,735 1,848 4.8 -6.1 0.2 1,496 1,492 1,913 1,407 2,988 2,903 2.9

 Electrical equipment............................ 3,111 3,108 3,045 0.1 2.1 -1.8 3,019 2,894 2,927 2,976 5,913 5,948 -0.6

 Transportation equipment........................ 86,893 83,041 83,918 4.6 -1.0 8.8 85,378 72,852 89,004 79,983 158,230 157,886 0.2

 Motor vehicle bodies, parts, 

 and trailers..................................... 28,743 29,048 28,557 -1.0 1.7 2.0 30,116 27,920 25,720 29,090 58,036 55,637 4.3

 Nondefense aircraft and parts................ 8,696 8,720 1,909 -0.3 356.8 -66.7 5,660 6,312 9,045 6,336 11,972 17,013 -29.6

 Defense aircraft and parts.................... 3,900 4,498 5,854 -13.3 -23.2 166.8 2,589 2,739 8,483 3,218 5,328 7,122 -25.2

 Ships and boats.................................. 5,078 2,260 7,512 124.7 -69.9 321.3 7,721 2,016 5,944 2,995 9,737 4,751 104.9

 Furniture and related products................... 6,898 6,935 7,104 -0.5 -2.4 0.9 7,034 6,649 6,394 6,603 13,683 12,975 5.5

 Nondurable goods industries..................... 247,920 250,930 253,821 -1.2 -1.1 1.1 233,852 239,288 247,475 227,742 473,140 461,333 2.6

Year to date

p

 Preliminary 

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

 Data on new orders are not available for the semiconductor industry. Estimates and percent changes for new orders exclude semiconductor industry data. 

Note: 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/>. 

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, February Full Report, April 2, 2020. 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 3. Value of Manufacturers' Unfilled Orders for Industry Groups1

[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 % Change

Industry February

Feb. Jan. Dec. Jan. - Dec. - Nov. - Feb. Jan. Dec. Feb. 2020/

2020p 2020r 2019 Feb. Jan. Dec. 2020p 2020r 2019 2019 2019

All manufacturing industries2...................... 1,158,604 1,157,237 1,156,915 0.1 0.0 0.0 1,161,374 1,156,902 1,154,174 1,179,670 -1.6

 Excluding transportation2

...................... 367,362 367,940 368,079 -0.2 0.0 -0.1 368,439 365,875 361,670 370,478 -0.6

 Excluding defense2............................. 948,195 949,019 947,857 -0.1 0.1 -0.8 950,542 948,811 943,799 983,092 -3.3

 Durable goods industries2........................ 1,158,604 1,157,237 1,156,915 0.1 0.0 0.0 1,161,374 1,156,902 1,154,174 1,179,670 -1.6

 Primary metals........................................ 31,900 31,980 31,864 -0.3 0.4 -0.3 32,497 31,828 31,441 32,195 0.9

 Iron and steel mills............................... 16,822 16,796 16,797 0.2 0.0 -0.5 17,072 16,514 16,402 16,685 2.3

 Aluminum and nonferrous metals............. 11,847 11,845 11,700 0.0 1.2 -0.1 12,104 11,903 11,715 11,876 1.9

 Ferrous metal foundries........................ 3,231 3,339 3,367 -3.2 -0.8 -0.3 3,321 3,411 3,324 3,634 -8.6

 Fabricated metal products......................... 85,361 85,867 85,875 -0.6 0.0 0.0 84,924 84,660 83,521 85,991 -1.2

 Machinery.............................................. 101,425 101,343 101,475 0.1 -0.1 -0.6 102,246 101,325 99,743 106,009 -3.5

 Construction machinery......................... 4,019 4,200 4,232 -4.3 -0.8 0.0 4,305 4,402 4,107 6,699 -35.7

 Mining, oil field, and

 gas field machinery.......................... 3,468 3,450 3,537 0.5 -2.5 -2.8 3,468 3,450 3,537 4,257 -18.5

 Industrial machinery............................. 7,884 7,898 7,829 -0.2 0.9 0.7 7,911 7,950 7,514 8,381 -5.6

 Photographic equipment........................ 1,199 1,184 1,178 1.3 0.5 -2.6 1,253 1,254 1,255 1,402 -10.6

 Ventilation, heating, air-conditioning,

 and refrigeration equipment................ 7,951 7,898 7,848 0.7 0.6 -1.9 8,038 7,833 7,555 8,133 -1.2

 Metalworking machinery........................ 6,582 6,443 6,542 2.2 -1.5 -2.0 6,697 6,381 6,321 7,391 -9.4

 Turbines, generators, and other 

 power transmission equipment............ 28,071 28,119 28,196 -0.2 -0.3 -1.3 28,071 28,119 28,196 28,610 -1.9

 Material handling equipment................... 13,308 13,415 13,427 -0.8 -0.1 1.1 13,402 13,445 13,373 13,142 2.0

 Computers and electronic products2............. 118,413 118,509 118,656 -0.1 -0.1 0.1 118,741 118,436 117,950 117,834 0.8

 Computers......................................... 2,205 2,210 2,213 -0.2 -0.1 0.0 2,205 2,210 2,213 2,227 -1.0

 Nondefense communications

 equipment...................................... 23,887 24,075 24,190 -0.8 -0.5 0.0 24,084 24,006 23,966 24,882 -3.2

 Defense communications equipment........ 1,034 1,065 1,032 -2.9 3.2 12.2 1,004 1,031 1,019 1,265 -20.6

 Electronic components.......................... 13,311 13,317 13,350 0.0 -0.2 -0.4 13,597 13,572 13,309 13,176 3.2

 Nondefense search and navigation

 equipment....................................... 21,104 21,029 21,015 0.4 0.1 0.9 21,046 20,948 20,803 20,082 4.8

 Defense search and navigation

 equipment....................................... 28,941 28,983 29,042 -0.1 -0.2 -0.3 28,792 28,822 29,015 27,974 2.9

 Electromedical, measuring,

 and control instruments...................... 27,931 27,830 27,814 0.4 0.1 -0.2 28,013 27,847 27,625 28,228 -0.8

 Electrical equipment, appliances, 

 and components.................................... 20,669 20,624 20,554 0.2 0.3 0.4 20,702 20,517 20,013 19,530 6.0

 Electric lighting equipment..................... 1,884 1,899 1,960 -0.8 -3.1 3.7 1,869 1,884 1,895 1,406 32.9

 Household appliances........................... 1,487 1,451 1,429 2.5 1.5 2.1 1,356 1,483 1,405 1,074 26.3

 Electrical equipment............................. 7,907 7,907 7,872 0.0 0.4 0.0 8,001 7,936 7,732 8,020 -0.2

 Transportation equipment......................... 791,242 789,297 788,836 0.2 0.1 0.1 792,935 791,027 792,504 809,192 -2.0

 Motor vehicle bodies, parts, 

 and trailers...................................... 26,454 26,347 26,204 0.4 0.5 1.0 27,433 26,470 26,169 28,350 -3.2

 Nondefense aircraft and parts................ 566,065 566,557 565,656 -0.1 0.2 -1.4 566,071 568,039 567,906 593,800 -4.7

 Defense aircraft and parts..................... 85,118 85,537 85,757 -0.5 -0.3 2.5 85,103 86,332 87,200 81,303 4.7

 Ships and boats.................................. 34,168 31,943 32,714 7.0 -2.4 17.4 35,403 30,554 30,957 29,191 21.3

 Furniture and related products................... 9,010 9,035 9,088 -0.3 -0.6 3.0 8,745 8,527 8,435 8,394 4.2

p

 Preliminary 

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

 Data on unfilled orders are not available for the semiconductor industry. Estimates and percent changes for unfilled orders exclude semiconductor industry data. 

Note: 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/>. 

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, February Full Report, April 2, 2020. 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 4. Value of Manufacturers' Inventories for Industry Groups1

[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 % Change

Industry February

Feb. Jan. Dec. Jan. - Dec. - Nov. - Feb. Jan. Dec. Feb. 2020/

2020p 2020r 2019 Feb. Jan. Dec. 2020p 2020r 2019 2019 2019

 All manufacturing industries...................... 699,405 702,008 703,937 -0.4 -0.3 0.4 702,567 699,980 685,833 691,949 1.5

 Excluding transportation........................ 547,789 550,963 553,002 -0.6 -0.4 0.2 550,185 549,087 539,598 556,525 -1.1

 Excluding defense............................. 670,834 673,415 675,547 -0.4 -0.3 0.4 674,084 671,555 657,614 664,592 1.4

 With unfilled orders............................. 356,272 355,981 356,363 0.1 -0.1 0.5 357,428 354,770 346,653 343,301 4.1

 Durable goods industries........................ 434,498 434,608 435,295 0.0 -0.2 0.3 436,995 433,833 423,528 422,636 3.4

 Wood products........................................ 11,992 11,948 12,074 0.4 -1.0 0.2 12,403 12,318 12,112 12,711 -2.4

 Nonmetallic mineral products..................... 14,872 15,011 15,061 -0.9 -0.3 -0.1 15,156 15,022 14,747 15,201 -0.3

 Primary metals......................................... 34,991 34,904 35,139 0.2 -0.7 0.4 35,138 34,940 34,926 36,724 -4.3

 Iron and steel mills............................... 18,738 18,632 18,991 0.6 -1.9 0.7 18,868 18,749 19,052 20,951 -9.9

 Aluminum and nonferrous metals............ 14,129 14,137 13,995 -0.1 1.0 0.3 14,071 14,057 13,781 13,571 3.7

 Ferrous metal foundries........................ 2,124 2,135 2,153 -0.5 -0.8 -1.0 2,199 2,134 2,093 2,202 -0.1

 Fabricated metal products......................... 53,937 54,050 53,680 -0.2 0.7 -0.2 54,148 54,060 52,613 55,094 -1.7

 Machinery.............................................. 70,765 70,934 71,464 -0.2 -0.7 -0.2 71,078 70,350 69,078 71,498 -0.6

 Farm machinery.................................. 3,927 3,983 4,035 -1.4 -1.3 -2.2 4,187 4,112 4,135 4,238 -1.2

 Construction machinery......................... 5,586 5,593 5,590 -0.1 0.1 -1.1 5,636 5,548 5,427 5,830 -3.3

 Mining, oil field, 

 and gas field machinery.................... 5,051 5,112 5,100 -1.2 0.2 -2.9 5,071 5,109 4,960 5,528 -8.3

 Industrial machinery............................. 8,629 8,638 8,818 -0.1 -2.0 2.4 8,645 8,375 8,655 8,421 2.7

 Photographic equipment....................... 1,774 1,773 1,778 0.1 -0.3 0.2 1,799 1,783 1,711 1,731 3.9

 Ventilation, heating, air-conditioning,

 and refrigeration equipment............... 5,557 5,496 5,458 1.1 0.7 -0.5 5,652 5,329 4,925 5,567 1.5

 Metalworking machinery........................ 5,920 5,999 6,109 -1.3 -1.8 -2.3 5,864 5,894 5,983 5,992 -2.1

 Turbines, generators, and other

 power transmission equipment............ 9,388 9,382 9,412 0.1 -0.3 -0.7 9,432 9,280 8,819 9,710 -2.9

 Material handling equipment.................. 5,768 5,815 5,964 -0.8 -2.5 0.8 5,587 5,657 5,555 5,764 -3.1

 Computers and electronic products2

............ 43,333 43,677 43,909 -0.8 -0.5 0.3 43,621 43,334 42,388 43,626 0.0

 Computers......................................... 1,469 1,489 1,565 -1.3 -4.9 -3.0 1,514 1,468 1,466 1,626 -6.9

 Computer storage devices.................... 1,066 1,120 1,167 -4.8 -4.0 3.4 1,116 1,093 1,116 1,156 -3.5

 Other peripheral equipment................... 1,169 1,164 1,212 0.4 -4.0 7.3 1,188 1,171 1,157 1,196 -0.7

 Nondefense communications

 equipment...................................... 4,751 4,752 4,779 0.0 -0.6 0.4 4,798 4,653 4,501 4,851 -1.1

 Defense communications equipment........ 704 702 711 0.3 -1.3 0.9 704 702 711 696 1.1

 Audio and video equipment.................... 572 583 592 -1.9 -1.5 -2.8 556 578 575 622 -10.6

 Electronic components.......................... 7,567 7,612 7,593 -0.6 0.3 1.6 7,640 7,678 7,332 7,314 4.5

 Nondefense search and navigation

 equipment...................................... 2,815 2,806 2,801 0.3 0.2 -0.4 2,808 2,812 2,736 2,644 6.2

 Defense search and navigation

 equipment....................................... 2,528 2,534 2,528 -0.2 0.2 0.3 2,549 2,520 2,432 2,535 0.6

 Electromedical, measuring 

 and control instruments...................... 15,651 15,735 15,789 -0.5 -0.3 0.7 15,598 15,513 15,351 15,485 0.7

 Electrical equipment, appliances, 

 and components.................................... 20,291 20,323 20,346 -0.2 -0.1 -0.2 20,440 20,267 19,429 20,261 0.9

 Electric lighting equipment..................... 2,261 2,254 2,291 0.3 -1.6 0.7 2,261 2,281 2,198 2,278 -0.7

 Household appliances........................... 2,782 2,817 2,846 -1.2 -1.0 -2.1 2,830 2,761 2,541 2,937 -3.6

 Electrical equipment............................. 5,735 5,769 5,792 -0.6 -0.4 -0.1 5,835 5,845 5,643 5,817 0.3

 Batteries............................................ 1,844 1,824 1,807 1.1 0.9 0.7 1,781 1,714 1,642 1,818 -2.0

 Transportation equipment......................... 151,616 151,045 150,935 0.4 0.1 1.0 152,382 150,893 146,235 135,424 12.5

 Automobiles....................................... 4,747 4,882 4,810 -2.8 1.5 0.1 4,815 4,890 4,484 4,711 2.2

 Light trucks and utility vehicles.............. 5,081 5,028 5,144 1.1 -2.3 -3.7 5,221 5,054 4,546 4,926 6.0

 Heavy duty trucks ............................... 2,257 2,267 2,234 -0.4 1.5 0.2 2,305 2,287 2,069 2,288 0.7

 Motor vehicle bodies, parts, 

 and trailers...................................... 26,783 26,682 26,659 0.4 0.1 0.1 26,985 26,950 26,262 26,503 1.8

 Nondefense aircraft and parts................ 82,440 81,940 82,138 0.6 -0.2 2.6 82,840 81,658 79,216 68,686 20.6

 Defense aircraft and parts..................... 13,642 13,585 13,473 0.4 0.8 0.2 13,646 13,554 13,396 13,362 2.1

 Ships and boats.................................. 3,200 3,242 3,194 -1.3 1.5 -7.0 3,103 3,132 3,175 2,974 4.3

 Furniture and related products.................... 7,938 7,977 7,988 -0.5 -0.1 0.0 7,878 7,999 7,792 7,996 -1.5

 Miscellaneous durable goods..................... 24,763 24,739 24,699 0.1 0.2 0.2 24,751 24,650 24,208 24,101 2.7

 Nondurable goods industries...................... 264,907 267,400 268,642 -0.9 -0.5 0.4 265,572 266,147 262,305 269,313 -1.4

 Food products........................................ 54,480 54,391 54,647 0.2 -0.5 0.9 54,223 54,050 54,093 53,623 1.1

 Grain and oilseed milling........................ 5,431 5,441 5,388 -0.2 1.0 1.5 5,626 5,628 5,477 5,313 5.9

 Dairy products.................................... 8,108 8,064 8,042 0.5 0.3 0.6 8,027 7,835 7,603 7,500 7.0

 Meat, poultry, and seafood products....... 9,688 9,684 9,846 0.0 -1.6 1.9 9,641 9,523 9,551 9,209 4.7

 Beverage and tobacco products................ 25,073 25,076 24,942 0.0 0.5 -0.4 25,529 25,386 24,996 25,234 1.2

 Beverages......................................... 20,731 20,699 20,605 0.2 0.5 -0.2 20,998 20,778 20,489 20,521 2.3

 Tobacco............................................ 4,342 4,377 4,337 -0.8 0.9 -1.5 4,531 4,608 4,507 4,713 -3.9

 Textile mills............................................ 3,266 3,280 3,299 -0.4 -0.6 -0.2 3,281 3,303 3,264 3,470 -5.4

 Textile products...................................... 3,384 3,403 3,438 -0.6 -1.0 -0.7 3,417 3,430 3,368 3,596 -5.0

 Apparel................................................. 1,868 1,879 1,894 -0.6 -0.8 -1.3 1,851 1,863 1,764 1,934 -4.3

 Leather and allied products....................... 777 774 776 0.4 -0.3 -0.6 765 783 782 782 -2.2

 Paper products....................................... 16,095 16,188 16,245 -0.6 -0.4 0.1 16,287 16,303 16,164 16,476 -1.1

 Pulp, paper, and paperboard mills........... 6,708 6,779 6,763 -1.0 0.2 -0.3 6,807 6,809 6,756 6,863 -0.8

 Paperboard containers......................... 5,030 5,052 5,059 -0.4 -0.1 0.3 5,099 5,110 5,056 5,097 0.0

 Printing.................................................. 5,532 5,537 5,523 -0.1 0.3 -0.2 5,523 5,455 5,430 5,578 -1.0

 Petroleum and coal products..................... 38,302 40,406 40,662 -5.2 -0.6 2.0 37,682 38,921 38,384 39,422 -4.4

 Petroleum refineries............................. 32,695 34,821 35,066 -6.1 -0.7 2.5 31,965 33,279 32,865 33,277 -3.9

 Chemical products..................................... 89,522 89,774 90,443 -0.3 -0.7 -0.1 90,055 89,972 88,014 91,531 -1.6

 Pesticides, fertilizers, and other

 agricultural chemicals........................ 4,872 4,876 4,955 -0.1 -1.6 -2.0 5,337 5,274 5,052 5,334 0.1

 Pharmaceuticals and medicines.............. 36,536 36,900 37,363 -1.0 -1.2 0.6 36,385 36,766 36,004 36,964 -1.6

 Paints, coatings, and adhesives.............. 3,834 3,823 3,818 0.3 0.1 -1.1 3,919 3,846 3,677 4,015 -2.4

 Plastics and rubber products..................... 26,608 26,692 26,773 -0.3 -0.3 -0.1 26,959 26,681 26,046 27,667 -2.6

p Preliminary 

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

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

Note: 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/>. 

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, February Full Report, April 2, 2020. 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 5. Value of Manufacturers' Shipments, New Orders, Unfilled Orders, and Total Inventories for 

 Topical Series1, 2

[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

Industry % Change6

Feb. Jan. Dec. Jan. - Dec. - Nov. - Feb. Jan. Dec. Feb. 2020/

2020p 2020r 2019 Feb. Jan. Dec. 2020p 2020r 2019 2019 2020p 2019 2019

SHIPMENTS

 All manufacturing industries......................... 500,349 501,166 504,166 -0.2 -0.6 0.5 475,716 467,457 493,310 469,660 943,173 936,630 0.7

 Construction materials and supplies....... 52,562 52,642 52,357 -0.2 0.5 0.0 47,514 46,915 46,197 46,210 94,429 92,367 2.2

 Information technology......................... 25,279 25,439 25,421 -0.6 0.1 0.0 22,995 21,738 29,280 22,511 44,733 44,078 1.5

 Computers and related products........... 1,825 1,846 1,766 -1.1 4.5 -6.7 1,399 1,510 2,358 1,364 2,909 2,771 5.0

 Motor vehicle and parts......................... 60,014 58,957 59,246 1.8 -0.5 -0.1 60,556 54,895 53,374 61,245 115,451 118,141 -2.3

 Capital goods...................................... 87,367 86,624 87,090 0.9 -0.5 0.0 82,048 75,635 95,767 83,351 157,683 162,036 -2.7

 Nondefense capital goods3

.................. 74,249 73,330 74,613 1.3 -1.7 0.4 68,999 64,546 82,141 71,362 133,545 139,408 -4.2

 Excluding aircraft............................. 68,897 69,440 68,693 -0.8 1.1 -0.4 64,994 62,176 73,627 64,401 127,170 126,496 0.5

 Defense capital goods4

........................ 13,118 13,294 12,477 -1.3 6.5 -2.2 13,049 11,089 13,626 11,989 24,138 22,628 6.7

 Consumer goods.................................. 209,368 210,178 214,111 -0.4 -1.8 0.8 199,505 199,242 210,749 195,768 398,747 392,790 1.5

 Consumer durable goods..................... 42,448 41,028 42,035 3.5 -2.4 -1.4 42,566 37,147 40,377 43,441 79,713 83,637 -4.7

 Consumer nondurable goods................ 166,920 169,150 172,076 -1.3 -1.7 1.4 156,939 162,095 170,372 152,327 319,034 309,153 3.2

 All manufacturing industries5

...................... 497,428 497,488 500,196 0.0 -0.5 1.9 476,165 465,556 495,544 462,788 941,721 927,826 1.5

 Construction materials and supplies....... 52,025 52,613 52,325 -1.1 0.6 0.5 47,472 47,765 45,586 46,844 95,237 94,218 1.1

 Information technology......................... 25,228 25,405 25,567 -0.7 -0.6 1.7 23,536 22,193 29,525 22,870 45,729 44,596 2.5

 Computers and related products........... 1,820 1,843 1,767 -1.2 4.3 -8.4 1,394 1,507 2,359 1,356 2,901 2,803 3.5

 Motor vehicle and parts......................... 60,121 59,100 59,499 1.7 -0.7 0.0 61,519 55,196 54,545 62,138 116,715 119,299 -2.2

 Capital goods...................................... 88,349 84,840 83,383 4.1 1.7 5.6 84,474 73,962 95,976 77,744 158,436 157,715 0.5

 Nondefense capital goods3

.................. 73,085 72,744 64,484 0.5 12.8 -6.4 68,220 64,943 74,085 67,519 133,163 137,507 -3.2

 Excluding aircraft............................. 68,753 69,346 68,664 -0.9 1.0 -0.8 66,515 64,568 72,091 65,556 131,083 129,191 1.5

 Defense capital goods4

........................ 15,264 12,096 18,899 26.2 -36.0 87.4 16,254 9,019 21,891 10,225 25,273 20,208 25.1

 Consumer goods.................................. 209,386 210,151 214,193 -0.4 -1.9 0.8 199,499 199,409 210,583 195,731 398,908 392,871 1.5

 Consumer durable goods..................... 42,466 41,001 42,117 3.6 -2.6 -1.5 42,560 37,314 40,211 43,404 79,874 83,718 -4.6

 Consumer nondurable goods.............. 166,920 169,150 172,076 -1.3 -1.7 1.4 156,939 162,095 170,372 152,327 319,034 309,153 3.2

 All manufacturing industries5

...................... 1,158,604 1,157,237 1,156,915 0.1 0.0 0.0 1,161,374 1,156,902 1,154,174 1,179,670 (X) (X) -1.6

 Construction materials and supplies....... 58,801 59,338 59,367 -0.9 0.0 -0.1 58,188 58,230 57,380 59,656 (X) (X) -2.5

 Information technology......................... 115,692 115,743 115,777 0.0 0.0 0.1 115,873 115,332 114,877 115,090 (X) (X) 0.7

 Computers and related products........... 2,205 2,210 2,213 -0.2 -0.1 0.0 2,205 2,210 2,213 2,227 (X) (X) -1.0

 Motor vehicle and parts......................... 26,454 26,347 26,204 0.4 0.5 1.0 27,433 26,470 26,169 28,350 (X) (X) -3.2

 Capital goods...................................... 835,652 834,670 836,454 0.1 -0.2 -0.4 836,267 833,841 835,514 862,876 (X) (X) -3.1

 Nondefense capital goods3

.................. 670,034 671,198 671,784 -0.2 -0.1 -1.5 669,882 670,661 670,264 707,519 (X) (X) -5.3

 Excluding aircraft............................. 217,743 217,887 217,981 -0.1 0.0 0.0 218,587 217,066 214,674 222,040 (X) (X) -1.6

 Defense capital goods4

........................ 165,618 163,472 164,670 1.3 -0.7 4.1 166,385 163,180 165,250 155,357 (X) (X) 7.1

 Consumer goods.................................. 5,116 5,098 5,125 0.4 -0.5 1.6 5,129 5,135 4,968 4,567 (X) (X) 12.3

 Consumer durable goods..................... 5,116 5,098 5,125 0.4 -0.5 1.6 5,129 5,135 4,968 4,567 (X) (X) 12.3

 All manufacturing industries....................... 699,405 702,008 703,937 -0.4 -0.3 0.4 702,567 699,980 685,833 691,949 (X) (X) 1.5

 Construction materials and supplies....... 72,657 72,808 72,603 -0.2 0.3 -0.1 73,734 73,135 70,872 75,433 (X) (X) -2.3

 Information technology......................... 40,413 40,558 40,772 -0.4 -0.5 0.5 40,611 40,199 39,405 40,206 (X) (X) 1.0

 Computers and related products........... 3,704 3,773 3,944 -1.8 -4.3 1.9 3,818 3,732 3,739 3,978 (X) (X) -4.0

 Motor vehicle and parts......................... 38,868 38,859 38,847 0.0 0.0 -0.4 39,326 39,181 37,361 38,428 (X) (X) 2.3

 Capital goods...................................... 222,307 222,196 222,701 0.0 -0.2 0.7 222,700 220,628 215,636 207,696 (X) (X) 7.2

 Nondefense capital goods3

.................. 198,229 198,093 198,801 0.1 -0.4 1.0 198,714 196,662 191,830 184,726 (X) (X) 7.6

 Excluding aircraft............................. 128,888 129,274 129,866 -0.3 -0.5 0.2 129,202 128,115 125,820 128,694 (X) (X) 0.4

 Defense capital goods4

........................ 24,078 24,103 23,900 -0.1 0.8 -1.7 23,986 23,966 23,806 22,970 (X) (X) 4.4

 Consumer goods.................................. 200,463 203,104 204,187 -1.3 -0.5 0.5 200,236 201,799 198,390 201,786 (X) (X) -0.8

 Consumer durable goods..................... 31,695 31,823 31,957 -0.4 -0.4 -1.4 32,051 32,123 30,425 31,873 (X) (X) 0.6

 Consumer nondurable goods................ 168,768 171,281 172,230 -1.5 -0.6 0.8 168,185 169,676 167,965 169,913 (X) (X) -1.0

NEW ORDERS 

UNFILLED ORDERS 

TOTAL INVENTORIES 

X

 Not Applicable 

p

 Preliminary 

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 noncalendar 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 Topical series are regroupings of the separate industry categories. 

3

 Nondefense capital goods industries include: 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. 

4

 Defense capital goods industries include: small arms and ordnance; communications equipment; aircraft; missiles, space vehicles, and parts; ships and boats; and search and navigation equipment. 

5 Estimates and percent changes exclude semiconductor industry data. 

6

 Based on year-to-date for shipments and new orders, but on same month prior year for unfilled orders and inventories. 

Note: 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/>. 

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, February Full Report, April 2, 2020. 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 6. Value of Manufacturers' Inventories, by Stage of Fabrication, by Industry Group1 

[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 % Change

Industry February

Feb. Jan. Dec. Jan. - Dec. - Nov. - Feb. Jan. Dec. Feb. 2020/

2020p 2020r 2019 Feb. Jan. Dec. 2020p 2020r 2019 2019 2019

MATERIALS AND SUPPLIES

 All manufacturing industries....................... 237,132 237,087 237,126 0.0 0.0 0.0 237,098 237,667 234,590 239,047 -0.8

 Durable goods industries.......................... 145,324 144,893 145,173 0.3 -0.2 -0.3 145,082 145,421 143,725 146,176 -0.7

 Wood products................................... 5,160 5,119 5,144 0.8 -0.5 -1.2 5,313 5,375 5,314 5,343 -0.6

 Nonmetallic mineral products................. 6,138 6,157 6,123 -0.3 0.6 0.0 6,157 6,148 6,068 6,198 -0.7

 Primary metals.................................... 12,401 12,212 12,541 1.5 -2.6 0.1 12,343 12,312 12,712 13,496 -8.5

 Fabricated metal products.......................... 19,856 19,755 19,562 0.5 1.0 -1.9 19,689 19,684 19,526 20,579 -4.3

 Machinery.......................................... 28,337 28,628 28,805 -1.0 -0.6 -0.5 28,234 28,623 28,129 28,917 -2.4

 Computers and electronic products........ 19,624 19,472 19,657 0.8 -0.9 -0.4 19,585 19,400 19,294 18,910 3.6

 Electrical equipment, appliances,

 and components............................... 8,621 8,609 8,514 0.1 1.1 0.4 8,622 8,604 8,314 8,504 1.4

 Transportation equipment..................... 33,369 33,127 32,949 0.7 0.5 0.7 33,413 33,382 32,561 32,388 3.2

 Furniture and related products............... 3,704 3,692 3,739 0.3 -1.3 -0.1 3,697 3,758 3,722 3,940 -6.2

 Miscellaneous products......................... 8,114 8,122 8,139 -0.1 -0.2 -0.1 8,029 8,135 8,085 7,901 1.6

 Nondurable goods industries...................... 91,808 92,194 91,953 -0.4 0.3 0.6 92,016 92,246 90,865 92,871 -0.9

 Food products.................................... 18,544 18,377 18,529 0.9 -0.8 1.2 18,401 18,355 18,560 17,738 3.7

 Beverage and tobacco products........................ 5,924 5,946 5,891 -0.4 0.9 0.8 6,120 6,172 6,031 6,167 -0.8

 Textiles.............................................. 1,104 1,110 1,120 -0.5 -0.9 -0.3 1,107 1,114 1,118 1,192 -7.1

 Textile products................................... 1,316 1,328 1,320 -0.9 0.6 -1.0 1,322 1,328 1,307 1,363 -3.0

 Apparel............................................. 434 440 443 -1.4 -0.7 -1.6 438 444 430 516 -15.1

 Leather and allied products.................... 267 271 262 -1.5 3.4 -1.9 263 270 267 273 -3.7

 Paper products.................................... 8,005 8,043 8,093 -0.5 -0.6 0.2 8,093 8,117 8,131 8,287 -2.3

 Printing ............................................. 2,727 2,750 2,748 -0.8 0.1 -0.4 2,717 2,725 2,727 2,827 -3.9

 Petroleum and coal products................. 11,109 11,350 10,798 -2.1 5.1 5.4 10,897 10,858 10,069 10,970 -0.7

 Chemical products................................ 31,102 31,321 31,487 -0.7 -0.5 -1.0 31,332 31,496 31,116 31,931 -1.9

 Plastics and rubber products.................. 11,276 11,258 11,262 0.2 0.0 0.2 11,326 11,367 11,109 11,607 -2.4

WORK IN PROCESS

 All manufacturing industries....................... 219,634 221,019 221,710 -0.6 -0.3 0.7 220,920 219,703 214,727 211,913 4.3

 Durable goods industries.......................... 169,183 169,060 168,860 0.1 0.1 1.2 170,193 167,967 162,901 156,064 9.1

 Wood products................................... 2,151 2,149 2,199 0.1 -2.3 1.6 2,196 2,163 2,147 2,264 -3.0

 Nonmetallic mineral products................. 1,545 1,564 1,601 -1.2 -2.3 1.1 1,601 1,576 1,528 1,624 -1.4

 Primary metals.................................... 9,983 9,901 9,843 0.8 0.6 1.0 9,928 9,765 9,464 10,643 -6.7

 Fabricated metal products.......................... 14,046 14,023 13,998 0.2 0.2 -0.2 14,083 13,964 13,655 14,162 -0.6

 Machinery.......................................... 18,687 18,523 18,641 0.9 -0.6 0.6 18,819 18,139 17,634 18,505 1.7

 Computers and electronic products........ 12,495 12,619 12,474 -1.0 1.2 2.3 12,685 12,420 11,773 12,653 0.3

 Electrical equipment, appliances,

 and components............................... 4,317 4,294 4,357 0.5 -1.4 0.2 4,356 4,270 4,160 4,292 1.5

 Transportation equipment..................... 100,677 100,668 100,406 0.0 0.3 1.4 101,201 100,385 97,386 86,662 16.8

 Furniture and related products............... 1,357 1,383 1,397 -1.9 -1.0 0.2 1,363 1,384 1,368 1,371 -0.6

 Miscellaneous products......................... 3,925 3,936 3,944 -0.3 -0.2 1.2 3,961 3,901 3,786 3,888 1.9

 Nondurable goods industries...................... 50,451 51,959 52,850 -2.9 -1.7 -0.9 50,727 51,736 51,826 55,849 -9.2

 Food products.................................... 5,035 4,959 4,883 1.5 1.6 -1.0 5,217 5,255 5,381 6,153 -15.2

 Beverage and tobacco products........................ 9,652 9,669 9,604 -0.2 0.7 -0.9 9,913 9,915 9,884 9,886 0.3

 Textiles.............................................. 705 703 705 0.3 -0.3 -0.7 708 698 684 737 -3.9

 Textile products................................... 399 394 414 1.3 -4.8 -1.4 403 396 398 437 -7.8

 Apparel............................................. 330 340 346 -2.9 -1.7 0.9 330 331 316 345 -4.3

 Leather and allied products.................... 73 72 78 1.4 -7.7 0.0 72 73 78 77 -6.5

 Paper products.................................... 1,323 1,325 1,330 -0.2 -0.4 -1.3 1,322 1,318 1,297 1,356 -2.5

 Printing ............................................. 1,249 1,230 1,229 1.5 0.1 0.7 1,257 1,197 1,186 1,210 3.9

 Petroleum and coal products................. 10,321 11,744 12,366 -12.1 -5.0 -2.0 10,276 11,053 11,126 12,566 -18.2

 Chemical products................................ 18,300 18,434 18,807 -0.7 -2.0 -0.3 18,122 18,410 18,493 19,849 -8.7

 Plastics and rubber products.................. 3,064 3,089 3,088 -0.8 0.0 -0.5 3,107 3,090 2,983 3,233 -3.9

FINISHED GOODS

 All manufacturing industries....................... 242,639 243,902 245,101 -0.5 -0.5 0.4 244,549 242,610 236,516 240,989 1.5

 Durable goods industries.......................... 119,991 120,655 121,262 -0.6 -0.5 -0.1 121,720 120,445 116,902 120,396 1.1

 Wood products................................... 4,681 4,680 4,731 0.0 -1.1 1.1 4,894 4,780 4,651 5,104 -4.1

 Nonmetallic mineral products................. 7,189 7,290 7,337 -1.4 -0.6 -0.5 7,398 7,298 7,151 7,379 0.3

 Primary metals.................................... 12,607 12,791 12,755 -1.4 0.3 0.3 12,867 12,863 12,750 12,585 2.2

 Fabricated metal products.......................... 20,035 20,272 20,120 -1.2 0.8 1.4 20,376 20,412 19,432 20,353 0.1

 Machinery.......................................... 23,741 23,783 24,018 -0.2 -1.0 -0.5 24,025 23,588 23,315 24,076 -0.2

 Computers and electronic products........ 11,214 11,586 11,778 -3.2 -1.6 -0.5 11,351 11,514 11,321 12,063 -5.9

 Electrical equipment, appliances,

 and components............................... 7,353 7,420 7,475 -0.9 -0.7 -1.0 7,462 7,393 6,955 7,465 0.0

 Transportation equipment..................... 17,570 17,250 17,580 1.9 -1.9 -0.9 17,768 17,126 16,288 16,374 8.5

 Furniture and related products............... 2,877 2,902 2,852 -0.9 1.8 0.0 2,818 2,857 2,702 2,685 5.0

 Miscellaneous products......................... 12,724 12,681 12,616 0.3 0.5 0.1 12,761 12,614 12,337 12,312 3.6

 Nondurable goods industries...................... 122,648 123,247 123,839 -0.5 -0.5 0.8 122,829 122,165 119,614 120,593 1.9

 Food products.................................... 30,901 31,055 31,235 -0.5 -0.6 1.0 30,605 30,440 30,152 29,732 2.9

 Beverage and tobacco products........................ 9,497 9,461 9,447 0.4 0.1 -0.7 9,496 9,299 9,081 9,181 3.4

 Textiles.............................................. 1,457 1,467 1,474 -0.7 -0.5 0.1 1,466 1,491 1,462 1,541 -4.9

 Textile products................................... 1,669 1,681 1,704 -0.7 -1.3 -0.3 1,692 1,706 1,663 1,796 -5.8

 Apparel............................................. 1,104 1,099 1,105 0.5 -0.5 -1.9 1,083 1,088 1,018 1,073 0.9

 Leather and allied products.................... 437 431 436 1.4 -1.1 0.0 430 440 437 432 -0.5

 Paper products.................................... 6,767 6,820 6,822 -0.8 0.0 0.2 6,872 6,868 6,736 6,833 0.6

 Printing ............................................. 1,556 1,557 1,546 -0.1 0.7 -0.8 1,549 1,533 1,517 1,541 0.5

 Petroleum and coal products................. 16,872 17,312 17,498 -2.5 -1.1 3.0 16,509 17,010 17,189 15,886 3.9

 Chemical products................................ 40,120 40,019 40,149 0.3 -0.3 0.8 40,601 40,066 38,405 39,751 2.1

 Plastics and rubber products.................. 12,268 12,345 12,423 -0.6 -0.6 -0.3 12,526 12,224 11,954 12,827 -2.3

p

 Preliminary 

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. 

Note: 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/>. 

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, February Full Report, April 2, 2020. 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 7. Ratios of Manufacturers' Inventories to Shipments and Unfilled Orders 

 to Shipments, by Industry Group 1

[Based on Seasonally Adjusted data from the Manufacturers' Shipments, Inventories, and Orders Survey.] 

Inventory/Shipments ratio Unfilled Orders/Shipments ratio2

Industry Feb Jan Dec Nov Feb Jan Dec Nov

2020p 2020r 2019 2019 2020p 2020r 2019 2019

All manufacturing industries3.................................... 1.40 1.40 1.40 1.40 (X) (X) (X) (X)

Durable goods industries3

........................................ 1.72 1.74 1.74 1.73 6.61 6.62 6.65 6.66

 Wood products........................................................... 1.28 1.27 1.29 1.28 (X) (X) (X) (X)

 Nonmetallic mineral products............................. 1.31 1.32 1.33 1.34 (X) (X) (X) (X)

 Primary metals............................................................ 1.73 1.73 1.77 1.76 1.58 1.58 1.60 1.61

 Fabricated metal products...................................... 1.60 1.60 1.60 1.59 2.59 2.61 2.63 2.61

 Machinery..................................................................... 2.19 2.17 2.20 2.20 3.47 3.44 3.46 3.48

 Computers and electronic products3

................... 1.55 1.57 1.58 1.57 5.49 5.45 5.47 5.50

 Electrical equipment, appliances,

 and components.................................................... 1.71 1.74 1.72 1.73 1.89 1.91 1.89 1.89

 Transportation equipment..................................... 1.78 1.83 1.81 1.79 14.77 15.03 15.01 15.13

 Furniture and related products............................ 1.15 1.14 1.17 1.16 1.44 1.43 1.47 1.42

 Miscellaneous products.......................................... 1.80 1.80 1.80 1.79 (X) (X) (X) (X)

Nondurable goods industries................................... 1.07 1.07 1.06 1.07 (X) (X) (X) (X)

 Food products............................................................. 0.80 0.80 0.80 0.79 (X) (X) (X) (X)

 Beverage and tobacco products........................... 2.11 2.02 2.00 2.06 (X) (X) (X) (X)

 Textiles.......................................................................... 1.37 1.37 1.37 1.37 (X) (X) (X) (X)

 Textile products......................................................... 1.57 1.60 1.56 1.55 (X) (X) (X) (X)

 Apparel........................................................................ 1.97 1.94 1.95 2.03 (X) (X) (X) (X)

 Leather and allied products................................ 1.89 1.89 1.84 1.93 (X) (X) (X) (X)

 Paper products.......................................................... 0.98 0.99 1.00 1.01 (X) (X) (X) (X)

 Printing........................................................................ 0.79 0.78 0.78 0.79 (X) (X) (X) (X)

 Petroleum and coal products............................... 0.75 0.76 0.73 0.74 (X) (X) (X) (X)

 Chemical products................................................... 1.32 1.32 1.33 1.33 (X) (X) (X) (X)

 Plastics and rubber products................................ 1.35 1.35 1.35 1.35 (X) (X) (X) (X)

Feb3 Feb3 Feb3 Feb3

Industry 2019- 2019- 2019- 2019-

Feb2 Jan Feb2 Jan Feb2 Jan Feb2 Jan

2020 2020 2020 2020 2020 2020 2020 2020

 

All manufacturing industries.................. (X) 0.1 (X) 0.3 (X) 0.1 (X) 0.1

Durable goods industries....................... 0.1 0.2 0.0 0.5 0.0 0.1 0.0 0.1

 Wood products............................................ (X) 0.2 (X) (NA) (X) (NA) (X) 0.2

 Nonmetallic mineral products.............. (X) 0.3 (X) (NA) (X) (NA) (X) 0.1

 Primary metals............................................. 0.0 0.5 -0.1 0.7 0.0 0.2 -0.2 0.3

 Fabricated metal products.................... 0.2 0.4 0.1 0.6 0.0 0.2 0.0 0.2

 Machinery...................................................... -0.1 0.3 -0.1 0.6 0.0 0.1 0.0 0.1

 Computers and electronic products..... 0.2 0.3 0.1 0.4 0.0 0.0 -0.1 0.1

 Electrical equipment, appliances,

 and components..................................... 0.1 0.2 0.0 0.3 0.0 0.2 0.0 0.2

 Transportation equipment.................... 0.0 0.4 0.0 1.2 0.0 0.1 0.0 0.1

 Furniture and related products............. (X) 0.4 (X) 0.5 (X) 0.7 (X) 0.2

 Miscellaneous products.......................... (X) 0.2 (X) 0.2 (X) 0.1 (X) 0.1

Nondurable goods industries................... (X) 0.2 (X) (NA) (X) (NA) (X) 0.1

 Food products.............................................. (X) 0.1 (X) (NA) (X) (NA) (X) 0.2

 Beverage and tobacco products............ (X) 0.3 (X) (NA) (X) (NA) (X) 0.2

 Textiles.......................................................... (X) 0.4 (X) (NA) (X) (NA) (X) 0.2

 Textile products......................................... (X) 0.4 (X) (NA) (X) (NA) (X) 0.3

 Apparel......................................................... (X) 0.4 (X) (NA) (X) (NA) (X) 0.5

 Leather and allied products.................. (X) 0.7 (X) (NA) (X) (NA) (X) 0.2

 Paper products............................................ (X) 0.3 (X) (NA) (X) (NA) (X) 0.1

 Printing.......................................................... (X) 0.3 (X) (NA) (X) (NA) (X) 0.2

 Petroleum and coal products............... (X) 0.5 (X) (NA) (X) (NA) (X) 0.5

 Chemical products................................... (X) 0.1 (X) (NA) (X) (NA) (X) 0.1

 Plastics and rubber products................ (X) 0.3 (X) (NA) (X) (NA) (X) 0.2

X

 Not Applicable 

p

 Preliminary 

r

 Revised data due to late receipts and concurrent seasonal adjustment. 

2

 Excludes the following industries with no unfilled orders: Wood products; nonmetallic mineral products; medical equipment and supplies; office supplies; 

other miscellaneous manufacturing; cutlery and handtools; farm and garden machinery; computer storage and peripheral devices; audio and video 

equipment; manufacturing and reproducing magnetic and optical media; batteries; automobiles; light trucks and utility vehicles; heavy duty trucks; and 

miscellaneous furniture. 

3

 Unfilled orders to shipments ratio excludes semiconductor manufacturing. 

Note: 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/>. 

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, February Full Report, April 2, 2020. 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>.

X Not Applicable 

NA Not Available 

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

 The current month revisions are the difference between the advance percent change and the percent change as shown in this publication. 3

 The twelve month revisions are the differences between the month-to-month percent changes of the preliminary and final estimates. The 

monthly averages are the simple averages of the absolute values of the differences for the months specified. The advance to final percent 

change revisions for the durable goods industries are shown in the advance report for the month. 

Note: 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/>.

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, February Full Report, April 2, 2020. 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 8. Revisions to Previously Published Monthly Percent Changes 1

[Based on Seasonally Adjusted data from the Manufacturers' Shipments, Inventories, and Orders Survey.] 

Shipments New Orders Unfilled Orders Inventories