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FOR RELEASE AT 10:00 AM EST, TUESDAY, JANUARY 7, 2020

MONTHLY FULL REPORT ON MANUFACTURERS’ SHIPMENTS, INVENTORIES AND ORDERS

NOVEMBER 2019

Release Number: CB 20‐04 M3‐2 (19)‐11

January 7, 2020 — The U.S. Census Bureau announces the November full report on manufacturers’

shipments, inventories and orders:

MANUFACTURED GOODS – NEW ORDERS

NOVEMBER 2019 $493.0 billion            ‐0.7%°

OCTOBER 2019  

(revised) $496.6 billion            +0.2%°

Next release: February 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, January 7, 2020.

Summary

New orders for manufactured goods in November, down three of the last four months, decreased $3.6

billion or 0.7 percent to $493.0 billion, the U.S. Census Bureau reported today.  This followed a 0.2 percent

October increase.  Shipments, up two consecutive months, increased $1.7 billion or 0.3 percent to $502.2

billion.  This followed a 0.1 percent October increase.  Unfilled orders, down two of the last three months,

decreased $4.9 billion or 0.4 percent to $1,158.7 billion.  This followed a virtually unchanged October

increase.  The unfilled orders‐to‐shipments ratio was 6.67, down from 6.68 in October.  Inventories, up

eleven of the last twelve months, increased $2.0 billion or 0.3 percent to $701.0 billion.  This followed a

0.2 percent October increase.  The inventories‐to‐shipments ratio was 1.40, unchanged from October.

New Orders

New orders for manufactured durable goods in November, down two of the last three months, decreased

$5.2 billion or 2.1 percent to $242.2 billion, down from the previously published 2.0 percent decrease.  

This followed a 0.2 percent October increase.  Transportation equipment, down three consecutive months,

led the decrease, $5.0 billion or 5.9 percent to $79.0 billion.  New orders for manufactured nondurable

goods increased $1.6 billion or 0.6 percent to $250.8 billion.

Dec‐18 Jan‐19 Feb‐19 Mar‐19 Apr‐19 May‐19 Jun‐19 Jul‐19 Aug‐19 Sep‐19 Oct‐19 Nov‐19

% Change 0.2% 0.1% ‐1.0% 1.3% ‐1.2% ‐1.3% 0.5% 1.4% ‐0.1% ‐0.8% 0.2% ‐0.7%

‐4.0%

‐3.0%

‐2.0%

‐1.0%

0.0%

1.0%

2.0%

3.0%

4.0%

MANUFACTURERS' NEW ORDERS 2018‐2019

Seasonally Adjusted,   Month‐To‐Month Percentage Change

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

January 7, 2020.
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Shipments

Shipments of manufactured durable goods in November, up following four consecutive monthly

decreases, increased $0.1 billion or virtually unchanged to $251.4 billion, down from the previously

published 0.1 percent increase.  This followed a 0.1 percent October decrease.  Electrical equipment, up

two of the last three months, drove the increase, $0.3 billion or 2.2 percent to $11.8 billion.  Shipments of

manufactured nondurable goods, up two consecutive months, increased $1.6 billion or 0.6 percent to

$250.8 billion.  This followed a 0.3 percent October increase.  Petroleum and coal products, up four of the

last five months, led the increase, $1.4 billion or 2.7 percent to $53.5 billion.

Unfilled Orders

Unfilled orders for manufactured durable goods in November, down two of the last three months,

decreased $4.9 billion or 0.4 percent to $1,158.7 billion, unchanged from the previously published

decrease.  This followed a virtually unchanged October increase.  Transportation equipment, down

following four consecutive monthly increases, led the decrease, $4.8 billion or 0.6 percent to $790.1

billion.

Inventories

Inventories of manufactured durable goods in November, up sixteen of the last seventeen months,

increased $1.6 billion or 0.4 percent to $433.7 billion, unchanged from the previously published increase.  

This followed a 0.3 percent October increase.  Transportation equipment, also up sixteen of the last

seventeen months, drove the increase, $1.8 billion or 1.2 percent to $149.2 billion.  Inventories of

manufactured nondurable goods, up following seven consecutive monthly decreases, increased $0.3

billion or 0.1 percent to $267.3 billion.  This followed a 0.1 percent October decrease.  Petroleum and coal

products, up two consecutive months, drove the increase, $0.7 billion or 1.7 percent to $39.6 billion.  By

stage of fabrication, November materials and supplies increased 0.1 percent in durable goods and 0.2

percent in nondurable goods.  Work in process increased 0.7 percent in both durable and nondurable

goods.  Finished goods increased 0.3 percent in durable goods and decreased 0.2 percent in nondurable

goods.  

The Advance Report on durable goods for December is scheduled for release on January 28, 2020 at 8:30

a.m. EST and the Full Report on February 4, 2020 at 10:00 a.m. EST.  View the full schedule in the Economic

Briefing Room: <www.census.gov/economic‐indicators/>.  The full text and tables of this release can be

found at <www.census.gov/m3>.
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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‐in‐

process, 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 month‐

to‐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>.

2020 RELEASE DATES FOR THE M3 SURVEY

Survey month Advance Report

(8:30 a.m. release time)

Full Report                         

(10:00 a.m. release time)

Nov-19 Mon 12/23/2019* Tue 1/7/2020 

Dec-19 Tue 1/28/2020 Tue 2/4/2020 

Jan-20 Thu 2/27/2020 Thu 3/5/2020 

Feb-20 Wed 3/25/2020 Thu 4/2/2020 

Mar-20 Fri 4/24/2020 Mon 5/4/2020 

Apr-20 Thu 5/28/2020 Wed 6/3/2020 

May-20 Thu 6/25/2020 Thu 7/2/2020 

Jun-20 Mon 7/27/2020 Tue 8/4/2020 

Jul-20 Wed 8/26/2020 Wed 9/2/2020 

Aug-20 Fri 9/25/2020 Fri 10/2/2020 

Sep-20 Tue 10/27/2020 Tue 11/3/2020 

Oct-20 Wed 11/25/2020 Fri 12/4/2020 

Nov-20 Thu 12/24/2020 Not available at this time 

*Due to the executive order issued by President Trump closing the federal government on December 24,

2019, the U.S. Census Bureau released the Monthly Advance Report on Manufacturers' Shipments,

Inventories and Orders on Monday, December 23, 2019 at 8:30 a.m. The original release date was

scheduled for Tuesday, December 24 at 8:30 a.m.

Source: https://www.whitehouse.gov/wp‐content/uploads/2019/09/pfei_schedule_release_dates_2020.pdf

RESOURCES

API

The Census Bureau’s application programming interface (API) lets developers create custom apps to reach

new users and makes key demographic, socio‐economic and housing statistics more accessible than ever

before.  

<www.census.gov/developers/>.
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NEW TIME SERIES

Beginning with the release of June 2018 data on July 26, 2018, historical estimates of the Monthly Advance

Report on Manufacturers’ Shipments, Inventories and Orders are available on a seasonally adjusted basis

as well as a not seasonally adjusted basis at: <https://www.census.gov/econ/currentdata/>.   

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 Groups

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

Industry % Change

Nov. Oct. Sep. Oct. ‐ Sep. ‐ Aug. ‐ Nov. Oct. Sep. Nov. 2019/

2019p 2019r 2019 Nov. Oct. Sep. 2019p 2019r 2019 2018 2019p 2018 2018

  All manufacturing industries.................. 502,166 500,488 500,121 0.3 0.1 ‐0.4 486,035 518,466 514,074 495,901 5,541,808 5,509,494 0.6

      Excluding transportation................... 418,346 416,743 416,110 0.4 0.2 ‐0.1 404,398 430,587 425,792 406,249 4,590,872 4,566,557 0.5

      Excluding defense.............................. 487,500 485,723 485,306 0.4 0.1 ‐0.4 470,553 503,912 497,909 481,028 5,381,493 5,362,336 0.4

      With unfilled orders............................ 173,765 174,216 173,690 ‐0.3 0.3 ‐0.3 166,410 177,885 181,849 174,678 1,933,538 1,921,486 0.6

  Durable goods industries......................... 251,384 251,286 251,606 0.0 ‐0.1 ‐0.7 241,097 260,840 262,426 251,463 2,798,002 2,764,253 1.2

  Wood products....................................... 9,413 9,270 9,179 1.5 1.0 ‐0.2 8,697 9,788 9,501 8,460 101,873 104,005 ‐2.0

  Nonmetallic mineral products.................... 11,194 11,277 11,459 ‐0.7 ‐1.6 0.1 10,662 12,567 11,981 10,710 125,714 121,541 3.4

  Primary metals....................................... 19,943 20,042 20,240 ‐0.5 ‐1.0 0.3 18,419 20,486 20,213 20,543 227,599 236,060 ‐3.6

      Iron and steel mills............................ 9,832 9,845 10,016 ‐0.1 ‐1.7 ‐0.9 9,001 10,071 9,900 10,419 114,822 118,237 ‐2.9

      Aluminum and nonferrous metals.......... 8,645 8,715 8,753 ‐0.8 ‐0.4 1.8 8,109 8,925 8,808 8,810 96,221 102,477 ‐6.1

      Ferrous metal foundries....................... 1,466 1,482 1,471 ‐1.1 0.7 0.1 1,309 1,490 1,505 1,314 16,556 15,346 7.9

  Fabricated metal products....................... 34,060 33,809 33,861 0.7 ‐0.2 0.5 32,266 35,526 34,862 32,057 373,214 362,354 3.0

  Machinery............................................. 32,530 33,014 32,737 ‐1.5 0.8 ‐1.6 29,904 33,432 32,939 30,940 363,057 358,410 1.3

      Farm machinery................................. 2,495 2,467 2,506 1.1 ‐1.6 ‐1.6 1,885 2,345 2,267 2,038 28,512 28,373 0.5

      Construction machinery..................... 2,655 2,821 2,903 ‐5.9 ‐2.8 ‐7.4 2,418 3,054 2,830 2,825 32,823 32,599 0.7

      Mining, oil field, and

          gas field machinery.......................... 1,350 1,452 1,325 ‐7.0 9.6 ‐7.3 1,370 1,467 1,373 1,493 15,680 16,596 ‐5.5

      Industrial machinery.......................... 3,199 3,029 3,007 5.6 0.7 0.8 2,918 3,024 3,465 2,335 30,899 28,706 7.6

      Photographic equipment...................... 586 549 564 6.7 ‐2.7 2.2 552 553 624 508 6,070 5,953 2.0

      Ventilation, heating, air‐conditioning,

          and refrigeration equipment............ 4,026 4,092 4,080 ‐1.6 0.3 ‐1.2 3,517 3,818 4,105 3,519 45,076 42,632 5.7

      Metalworking machinery..................... 2,518 2,530 2,567 ‐0.5 ‐1.4 ‐2.2 2,446 2,701 2,660 2,632 28,385 29,598 ‐4.1

      Turbines, generators, and other

          power transmission equipment....... 4,188 4,523 4,431 ‐7.4 2.1 2.4 4,175 4,712 4,307 4,484 48,410 46,776 3.5

      Material handling equipment............... 2,782 2,799 2,724 ‐0.6 2.8 ‐2.9 2,603 2,944 2,699 2,695 31,014 29,708 4.4

  Computers and electronic products

2

.......... 27,924 27,803 27,709 0.4 0.3 ‐0.3 27,901 27,714 30,908 27,927 302,045 291,904 3.5

      Computers........................................ 542 543 537 ‐0.2 1.1 ‐7.1 515 524 661 759 6,524 8,612 ‐24.2

      Computer storage devices..................... 474 395 307 20.0 28.7 ‐11.3 438 315 407 281 3,679 2,984 23.3

      Other peripheral equipment................ 889 815 810 9.1 0.6 2.4 803 750 1,006 702 8,476 7,996 6.0

      Nondefense communications

          equipment.................................... 3,571 3,585 3,615 ‐0.4 ‐0.8 0.2 3,256 3,090 4,504 3,127 37,780 34,246 10.3

      Defense communications equipment.... 247 238 260 3.8 ‐8.5 ‐0.4 267 254 290 369 3,038 3,227 ‐5.9

      Audio and video equipment.................... 261 305 298 ‐14.4 2.3 ‐3.9 336 407 273 403 3,260 2,680 21.6

      Electronic components......................... 3,763 3,629 3,637 3.7 ‐0.2 ‐1.5 3,541 3,594 3,788 3,345 39,839 38,180 4.3

      Nondefense search and navigation

          equipment...................................... 1,539 1,549 1,478 ‐0.6 4.8 ‐5.7 1,487 1,512 1,665 1,529 17,005 16,668 2.0

      Defense search and navigation

          equipment..................................... 2,946 2,881 2,865 2.3 0.6 1.4 3,118 2,834 3,167 2,975 31,005 29,979 3.4

      Electromedical, measuring,

          and control instruments................. 8,938 9,162 9,110 ‐2.4 0.6 0.3 8,785 8,889 10,247 9,372 99,347 99,679 ‐0.3

  Electrical equipment, appliances,        

    and components................................... 11,765 11,509 11,751 2.2 ‐2.1 0.6 11,327 11,948 12,576 11,163 128,449 124,616 3.1

      Electric lighting equipment..................... 1,038 1,056 1,063 ‐1.7 ‐0.7 1.3 1,038 1,124 1,086 1,036 11,531 11,560 ‐0.3

      Household appliances........................ 1,756 1,689 1,754 4.0 ‐3.7 ‐2.0 1,793 1,793 1,930 1,767 19,114 18,928 1.0

      Electrical equipment............................ 3,117 3,138 3,153 ‐0.7 ‐0.5 1.8 2,844 3,060 3,467 2,845 34,460 34,022 1.3

      Batteries........................................... 915 883 941 3.6 ‐6.2 2.2 1,007 1,070 1,019 1,029 9,942 10,279 ‐3.3

  Transportation equipment........................ 83,820 83,745 84,011 0.1 ‐0.3 ‐1.8 81,637 87,879 88,282 89,652 950,936 942,937 0.8

      Automobiles..................................... 8,136 8,083 8,173 0.7 ‐1.1 ‐4.1 8,148 8,788 8,305 9,548 95,773 101,262 ‐5.4

      Light trucks and utility vehicles.............. 20,871 20,532 21,247 1.7 ‐3.4 ‐3.8 20,035 22,641 22,346 21,166 235,008 219,823 6.9

      Heavy duty trucks ............................. 2,813 2,825 2,881 ‐0.4 ‐1.9 ‐0.4 2,565 2,982 2,933 2,693 33,154 30,147 10.0

      Motor vehicle bodies, parts,       

          and trailers.................................... 27,688 27,400 27,741 1.1 ‐1.2 ‐1.5 26,353 29,325 27,995 26,995 311,477 300,701 3.6

      Nondefense aircraft and parts................ 9,422 10,023 9,331 ‐6.0 7.4 1.8 9,323 9,143 10,789 14,845 115,718 143,575 ‐19.4

      Defense aircraft and parts.................. 4,165 4,358 4,225 ‐4.4 3.1 ‐3.1 4,252 4,304 4,815 4,758 48,661 49,068 ‐0.8

      Ships and boats................................. 2,806 2,835 2,692 ‐1.0 5.3 0.6 2,935 2,879 2,745 2,939 30,846 30,655 0.6

  Furniture and related products.................. 6,928 6,865 6,777 0.9 1.3 1.4 6,787 7,024 6,734 6,465 74,777 71,751 4.2

  Miscellaneous durable goods................. 13,807 13,952 13,882 ‐1.0 0.5 0.3 13,497 14,476 14,430 13,546 150,338 150,675 ‐0.2

  Nondurable goods industries..................... 250,782 249,202 248,515 0.6 0.3 ‐0.1 244,938 257,626 251,648 244,438 2,743,806 2,745,241 ‐0.1

  Food products....................................... 68,292 67,957 68,024 0.5 ‐0.1 ‐0.1 69,706 71,540 69,275 68,832 744,130 740,637 0.5

      Grain and oilseed milling....................... 7,076 7,184 7,371 ‐1.5 ‐2.5 ‐1.1 7,315 7,714 7,251 8,005 81,403 86,169 ‐5.5

      Dairy products.................................. 9,573 9,577 9,473 0.0 1.1 ‐0.1 9,946 9,980 9,448 9,697 103,851 103,831 0.0

      Meat, poultry, and seafood products... 19,553 19,379 19,372 0.9 0.0 0.2 19,540 19,725 19,399 19,588 213,565 213,730 ‐0.1

  Beverage and tobacco products................ 12,152 12,619 12,916 ‐3.7 ‐2.3 ‐2.0 12,020 12,657 13,249 12,579 138,824 138,563 0.2

      Beverages......................................... 8,865 8,865 8,815 0.0 0.6 1.7 8,733 8,903 9,148 8,712 96,212 96,178 0.0

      Tobacco............................................ 3,287 3,754 4,101 ‐12.4 ‐8.5 ‐8.9 3,287 3,754 4,101 3,867 42,612 42,385 0.5

  Textile mills........................................... 2,412 2,434 2,432 ‐0.9 0.1 0.0 2,287 2,530 2,446 2,399 27,302 27,797 ‐1.8

  Textile products................................... 2,247 2,257 2,258 ‐0.4 0.0 ‐0.4 2,190 2,302 2,235 2,296 25,240 25,291 ‐0.2

  Apparel................................................ 940 956 949 ‐1.7 0.7 0.3 1,057 1,113 992 1,118 10,540 10,709 ‐1.6

  Leather and allied products...................... 400 410 409 ‐2.4 0.2 0.0 376 421 388 394 4,584 4,543 0.9

  Paper products...................................... 16,142 16,117 16,134 0.2 ‐0.1 ‐0.8 15,567 16,942 16,309 15,661 178,218 177,605 0.3

      Pulp, paper, and paperboard mills....... 6,518 6,538 6,547 ‐0.3 ‐0.1 ‐0.3 6,276 6,778 6,689 6,358 71,684 72,588 ‐1.2

      Paperboard containers........................ 5,678 5,669 5,636 0.2 0.6 ‐1.8 5,435 6,098 5,690 5,452 62,940 61,756 1.9

  Printing................................................. 6,939 6,955 6,917 ‐0.2 0.5 0.0 7,032 7,655 7,138 6,914 75,221 72,736 3.4

  Petroleum and coal products.................. 53,501 52,117 51,316 2.7 1.6 0.5 51,621 53,497 52,266 51,702 583,368 608,909 ‐4.2

      Petroleum refineries.......................... 49,088 47,824 46,934 2.6 1.9 0.4 47,583 48,660 47,338 47,809 534,875 563,514 ‐5.1

  Chemical products..................................... 67,812 67,615 67,413 0.3 0.3 0.0 64,428 68,336 67,456 63,659 736,995 718,859 2.5

      Pesticides, fertilizers, and other

          agricultural chemicals....................... 2,606 2,559 2,615 1.8 ‐2.1 2.2 2,073 2,052 2,502 2,211 29,032 29,574 ‐1.8

      Pharmaceuticals and medicines............. 23,997 23,861 23,633 0.6 1.0 0.8 23,453 24,679 23,988 21,701 252,451 233,545 8.1

      Paints, coatings, and adhesives.......... 3,875 3,848 3,843 0.7 0.1 ‐0.9 3,333 3,966 3,745 3,415 43,190 42,544 1.5

  Plastics and rubber products.................. 19,945 19,765 19,747 0.9 0.1 ‐0.4 18,654 20,633 19,894 18,884 219,384 219,592 ‐0.1

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, November Full Report, January 7, 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

Nov. Oct. Sep. Oct. ‐ Sep. ‐ Aug. ‐ Nov. Oct. Sep. Nov. 2019/

2019p 2019r 2019 Nov. Oct. Sep. 2019p 2019r 2019 2018 2019p 2018 2018

All manufacturing industries2........................ 493,029 496,644 495,574 ‐0.7 0.2 ‐0.8 475,382 510,411 507,103 489,476 5,463,564 5,500,315 ‐0.7

      Excluding transportation2...................... 413,987 412,609 411,537 0.3 0.3 ‐0.3 398,379 424,530 419,329 400,740 4,544,310 4,539,384 0.1

      Excluding defense2.............................. 482,118 478,963 478,368 0.7 0.1 ‐1.0 463,939 493,686 486,553 471,933 5,303,791 5,336,182 ‐0.6

      With unfilled orders2

............................. 168,879 174,593 173,464 ‐3.3 0.7 ‐1.4 160,588 174,834 179,282 172,955 1,902,456 1,956,931 ‐2.8

  Durable goods industries2......................... 242,247 247,442 247,059 ‐2.1 0.2 ‐1.5 230,444 252,785 255,455 245,038 2,719,758 2,755,074 ‐1.3

  Primary metals........................................ 20,014 20,129 20,483 ‐0.6 ‐1.7 ‐0.5 18,949 20,104 19,602 20,721 227,600 238,699 ‐4.6

      Iron and steel mills.............................. 9,905 10,034 10,292 ‐1.3 ‐2.5 ‐1.4 9,337 9,673 9,494 10,398 114,691 119,774 ‐4.2

      Aluminum and nonferrous metals.......... 8,678 8,643 8,781 0.4 ‐1.6 1.8 8,335 8,978 8,716 8,979 96,498 103,341 ‐6.6

      Ferrous metal foundries....................... 1,431 1,452 1,410 ‐1.4 3.0 ‐7.2 1,277 1,453 1,392 1,344 16,411 15,584 5.3

  Fabricated metal products........................ 33,753 33,698 33,316 0.2 1.1 ‐2.3 31,462 34,449 33,467 31,909 374,146 368,786 1.5

  Machinery............................................. 32,496 32,904 32,651 ‐1.2 0.8 ‐0.1 29,534 33,370 32,343 30,514 360,252 362,214 ‐0.5

      Construction machinery........................ 2,467 2,726 2,698 ‐9.5 1.0 ‐2.1 2,299 2,994 2,670 2,982 30,559 33,039 ‐7.5

      Mining, oil field, and

          gas field machinery.......................... 1,352 1,433 1,305 ‐5.7 9.8 ‐7.0 1,372 1,448 1,353 1,479 15,112 16,479 ‐8.3

      Industrial machinery............................ 3,208 3,027 3,016 6.0 0.4 2.8 2,813 3,130 3,408 2,185 30,523 28,769 6.1

      Photographic equipment....................... 523 509 626 2.8 ‐18.7 16.8 475 588 743 504 5,732 5,648 1.5

      Ventilation, heating, air‐conditioning,

          and refrigeration equipment............... 4,020 4,083 4,087 ‐1.5 ‐0.1 ‐0.1 3,414 3,851 4,031 3,517 45,611 43,709 4.4

      Metalworking machinery....................... 2,477 2,492 2,545 ‐0.6 ‐2.1 1.3 2,417 2,698 2,523 2,434 27,663 29,386 ‐5.9

      Turbines, generators, and other        

          power transmission equipment........... 4,122 4,503 4,398 ‐8.5 2.4 2.2 4,109 4,692 4,274 4,328 48,218 46,099 4.6

      Material handling equipment.................. 2,871 2,915 2,742 ‐1.5 6.3 ‐0.8 2,589 2,844 2,644 2,599 30,887 31,012 ‐0.4

  Computers and electronic products2........... 23,639 23,595 23,510 0.2 0.4 ‐0.5 22,504 22,858 27,227 23,187 255,419 250,841 1.8

      Computers........................................ 579 573 578 1.0 ‐0.9 6.1 552 554 702 818 6,541 8,925 ‐26.7

      Nondefense communications

          equipment...................................... 3,609 3,520 3,470 2.5 1.4 1.2 3,258 3,119 4,381 3,278 37,060 35,610 4.1

      Defense communications equipment....... 205 185 240 10.8 ‐22.9 6.7 206 171 306 314 2,614 3,176 ‐17.7

      Electronic components......................... 3,934 3,833 3,818 2.6 0.4 0.7 3,642 3,805 3,930 3,341 40,280 38,964 3.4

      Nondefense search and navigation

          equipment...................................... 1,557 1,577 1,630 ‐1.3 ‐3.3 ‐5.0 1,566 1,722 1,830 1,558 18,126 17,577 3.1

      Defense search and navigation

          equipment...................................... 2,730 2,773 2,906 ‐1.6 ‐4.6 ‐0.8 2,498 2,595 3,452 2,852 31,528 29,834 5.7

      Electromedical, measuring,

          and control instruments..................... 8,898 9,139 8,982 ‐2.6 1.7 ‐1.0 8,681 8,879 10,444 9,277 98,925 100,066 ‐1.1

  Electrical equipment, appliances,        

    and components................................... 11,900 11,669 11,841 2.0 ‐1.5 0.9 11,303 12,199 12,356 10,946 129,661 124,819 3.9

      Electric lighting equipment..................... 1,076 1,135 1,134 ‐5.2 0.1 1.6 1,068 1,214 1,137 1,034 12,070 11,613 3.9

      Household appliances.......................... 1,806 1,725 1,760 4.7 ‐2.0 ‐3.1 1,802 1,859 1,962 1,702 19,303 19,073 1.2

      Electrical equipment............................ 3,117 3,046 3,103 2.3 ‐1.8 0.6 2,816 3,059 3,257 2,808 34,567 33,786 2.3

  Transportation equipment........................ 79,042 84,035 84,037 ‐5.9 0.0 ‐3.2 77,003 85,881 87,774 88,736 919,254 960,931 ‐4.3

      Motor vehicle bodies, parts,       

          and trailers..................................... 27,821 27,075 27,304 2.8 ‐0.8 ‐2.2 26,860 27,817 27,498 27,378 309,223 300,463 2.9

      Nondefense aircraft and parts................ 7,839 8,016 7,340 ‐2.2 9.2 ‐19.0 7,300 6,573 6,646 10,721 88,994 143,466 ‐38.0

      Defense aircraft and parts.................... 1,924 7,110 6,197 ‐72.9 14.7 14.7 2,342 7,054 7,202 7,197 49,709 57,810 ‐14.0

      Ships and boats.................................. 1,907 2,756 2,222 ‐30.8 24.0 ‐35.9 2,151 2,756 2,251 3,790 29,172 33,822 ‐13.7

  Furniture and related products................... 6,998 6,931 6,676 1.0 3.8 ‐1.2 6,842 7,111 6,749 6,312 75,451 72,630 3.9

  Nondurable goods industries..................... 250,782 249,202 248,515 0.6 0.3 ‐0.1 244,938 257,626 251,648 244,438 2,743,806 2,745,241 ‐0.1

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, November Full Report, January 7, 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 November

Nov. Oct. Sep. Oct. ‐ Sep. ‐ Aug. ‐ Nov. Oct. Sep. Nov. 2019/

2019p 2019r 2019 Nov. Oct. Sep. 2019p 2019r 2019 2018 2018

All manufacturing industries2...................... 1,158,736 1,163,622 1,163,245 ‐0.4 0.0 0.0 1,148,552 1,154,374 1,157,425 1,171,857 ‐2.0

      Excluding transportation2

...................... 368,609 368,717 368,630 0.0 0.0 ‐0.1 363,657 364,845 365,898 364,024 ‐0.1

      Excluding defense2............................. 958,336 959,467 962,006 ‐0.1 ‐0.3 ‐0.3 948,779 950,562 955,784 974,701 ‐2.7

  Durable goods industries2........................ 1,158,736 1,163,622 1,163,245 ‐0.4 0.0 0.0 1,148,552 1,154,374 1,157,425 1,171,857 ‐2.0

  Primary metals........................................ 32,113 32,042 31,955 0.2 0.3 0.8 31,104 30,574 30,956 30,517 1.9

      Iron and steel mills............................... 17,007 16,934 16,745 0.4 1.1 1.7 16,138 15,802 16,200 15,755 2.4

      Aluminum and nonferrous metals............. 11,742 11,709 11,781 0.3 ‐0.6 0.2 11,673 11,447 11,394 11,370 2.7

      Ferrous metal foundries........................ 3,364 3,399 3,429 ‐1.0 ‐0.9 ‐1.7 3,293 3,325 3,362 3,392 ‐2.9

  Fabricated metal products......................... 86,059 86,366 86,477 ‐0.4 ‐0.1 ‐0.6 84,496 85,300 86,377 83,806 0.8

  Machinery.............................................. 102,058 102,092 102,202 0.0 ‐0.1 ‐0.1 100,995 101,365 101,427 105,141 ‐3.9

      Construction machinery......................... 4,231 4,419 4,514 ‐4.3 ‐2.1 ‐4.3 4,097 4,216 4,276 6,438 ‐36.4

      Mining, oil field, and

          gas field machinery.......................... 3,638 3,636 3,655 0.1 ‐0.5 ‐0.5 3,638 3,636 3,655 4,422 ‐17.7

      Industrial machinery............................. 7,812 7,803 7,805 0.1 0.0 0.1 7,730 7,835 7,729 8,529 ‐9.4

      Photographic equipment........................ 1,222 1,285 1,325 ‐4.9 ‐3.0 4.9 1,252 1,329 1,294 1,525 ‐17.9

      Ventilation, heating, air‐conditioning,

          and refrigeration equipment................ 7,976 7,982 7,991 ‐0.1 ‐0.1 0.1 7,644 7,747 7,714 7,188 6.3

      Metalworking machinery........................ 6,681 6,722 6,760 ‐0.6 ‐0.6 ‐0.3 6,616 6,645 6,648 7,553 ‐12.4

      Turbines, generators, and other        

          power transmission equipment............ 28,561 28,627 28,647 ‐0.2 ‐0.1 ‐0.1 28,561 28,627 28,647 29,143 ‐2.0

      Material handling equipment................... 13,245 13,156 13,040 0.7 0.9 0.1 12,942 12,956 13,056 12,729 1.7

  Computers and electronic products2............. 118,566 118,600 118,587 0.0 0.0 0.1 117,579 118,145 117,997 116,031 1.3

      Computers......................................... 2,212 2,175 2,145 1.7 1.4 1.9 2,212 2,175 2,145 2,191 1.0

      Nondefense communications

          equipment...................................... 24,179 24,141 24,206 0.2 ‐0.3 ‐0.6 24,038 24,036 24,007 24,993 ‐3.8

      Defense communications equipment........ 921 963 1,016 ‐4.4 ‐5.2 ‐1.9 911 972 1,055 1,379 ‐33.9

      Electronic components.......................... 13,449 13,278 13,074 1.3 1.6 1.4 13,237 13,136 12,925 12,606 5.0

      Nondefense search and navigation

          equipment....................................... 20,777 20,759 20,731 0.1 0.1 0.7 20,982 20,903 20,693 19,982 5.0

      Defense search and navigation

          equipment....................................... 29,148 29,364 29,472 ‐0.7 ‐0.4 0.1 28,589 29,209 29,448 27,060 5.7

      Electromedical, measuring,

          and control instruments...................... 27,880 27,920 27,943 ‐0.1 ‐0.1 ‐0.5 27,610 27,714 27,724 27,820 ‐0.8

  Electrical equipment, appliances,        

    and components.................................... 20,476 20,341 20,181 0.7 0.8 0.4 20,167 20,191 19,940 19,235 4.8

      Electric lighting equipment..................... 1,880 1,842 1,763 2.1 4.5 4.2 1,890 1,860 1,770 1,398 35.2

      Household appliances........................... 1,377 1,327 1,291 3.8 2.8 0.5 1,404 1,395 1,329 1,329 5.6

      Electrical equipment............................. 7,875 7,875 7,967 0.0 ‐1.2 ‐0.6 7,761 7,789 7,790 7,599 2.1

  Transportation equipment......................... 790,127 794,905 794,615 ‐0.6 0.0 0.0 784,895 789,529 791,527 807,833 ‐2.8

      Motor vehicle bodies, parts,       

          and trailers...................................... 25,898 25,765 26,090 0.5 ‐1.2 ‐1.6 24,938 24,431 25,939 26,269 ‐5.1

      Nondefense aircraft and parts................ 575,656 577,239 579,246 ‐0.3 ‐0.3 ‐0.3 571,464 573,487 576,057 593,001 ‐3.6

      Defense aircraft and parts..................... 83,375 85,616 82,864 ‐2.6 3.3 2.4 83,237 85,147 82,397 81,236 2.5

      Ships and boats.................................. 27,973 28,872 28,951 ‐3.1 ‐0.3 ‐1.6 27,830 28,614 28,737 30,221 ‐7.9

  Furniture and related products................... 8,764 8,694 8,628 0.8 0.8 ‐1.2 8,743 8,688 8,601 8,758 ‐0.2

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, November Full Report, January 7, 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 November

Nov. Oct. Sep. Oct. ‐ Sep. ‐ Aug. ‐ Nov. Oct. Sep. Nov. 2019/

2019p 2019r 2019 Nov. Oct. Sep. 2019p 2019r 2019 2018 2018

  All manufacturing industries...................... 700,989 699,024 697,912 0.3 0.2 0.3 700,211 701,680 698,215 682,239 2.6

      Excluding transportation........................ 551,750 551,538 552,364 0.0 ‐0.1 0.0 550,473 553,003 552,273 550,381 0.0

      Excluding defense............................. 672,213 670,286 669,568 0.3 0.1 0.3 671,456 672,982 669,896 655,085 2.5

      With unfilled orders............................. 354,407 352,943 351,382 0.4 0.4 0.6 354,363 353,508 351,496 337,394 5.0

  Durable goods industries........................ 433,734 432,095 430,595 0.4 0.3 0.5 433,535 432,450 430,331 414,315 4.6

  Wood products........................................ 12,025 12,067 12,094 ‐0.3 ‐0.2 ‐0.3 12,030 11,978 11,865 12,403 ‐3.0

  Nonmetallic mineral products..................... 15,083 15,112 15,077 ‐0.2 0.2 0.2 14,678 14,736 14,886 14,465 1.5

  Primary metals......................................... 34,947 34,798 34,910 0.4 ‐0.3 ‐0.2 34,759 34,509 34,987 36,062 ‐3.6

      Iron and steel mills............................... 18,791 18,809 18,919 ‐0.1 ‐0.6 ‐1.1 18,725 18,697 19,023 20,598 ‐9.1

      Aluminum and nonferrous metals............ 13,984 13,848 13,857 1.0 ‐0.1 1.1 13,866 13,687 13,891 13,386 3.6

      Ferrous metal foundries........................ 2,172 2,141 2,134 1.4 0.3 0.0 2,168 2,125 2,073 2,078 4.3

  Fabricated metal products......................... 54,043 54,246 54,370 ‐0.4 ‐0.2 0.1 53,530 53,926 54,320 54,136 ‐1.1

  Machinery.............................................. 71,641 71,952 72,225 ‐0.4 ‐0.4 0.0 72,120 72,000 72,355 70,936 1.7

      Farm machinery.................................. 4,133 4,266 4,285 ‐3.1 ‐0.4 2.3 4,148 4,043 4,064 3,849 7.8

      Construction machinery......................... 5,652 5,826 5,895 ‐3.0 ‐1.2 ‐1.4 5,635 5,856 5,943 5,581 1.0

      Mining, oil field,   

          and gas field machinery.................... 5,283 5,379 5,454 ‐1.8 ‐1.4 0.1 5,284 5,391 5,404 5,509 ‐4.1

      Industrial machinery............................. 8,589 8,524 8,495 0.8 0.3 0.1 8,665 8,437 8,809 8,341 3.9

      Photographic equipment....................... 1,774 1,783 1,767 ‐0.5 0.9 1.1 1,800 1,804 1,764 1,723 4.5

      Ventilation, heating, air‐conditioning,

          and refrigeration equipment............... 5,498 5,480 5,495 0.3 ‐0.3 ‐0.8 5,323 5,368 5,331 5,082 4.7

      Metalworking machinery........................ 6,243 6,176 6,144 1.1 0.5 ‐0.2 6,309 6,246 6,239 6,070 3.9

      Turbines, generators, and other

          power transmission equipment............ 9,471 9,505 9,543 ‐0.4 ‐0.4 ‐0.4 9,705 9,621 9,492 10,154 ‐4.4

      Material handling equipment.................. 5,919 5,870 5,905 0.8 ‐0.6 ‐0.5 6,008 6,064 6,087 6,145 ‐2.2

  Computers and electronic products2

............ 43,749 43,489 43,559 0.6 ‐0.2 0.4 43,861 43,595 43,395 43,492 0.8

      Computers......................................... 1,622 1,591 1,618 1.9 ‐1.7 1.6 1,596 1,544 1,686 1,463 9.1

      Computer storage devices.................... 1,119 1,122 1,159 ‐0.3 ‐3.2 0.3 1,172 1,151 1,115 1,125 4.2

      Other peripheral equipment................... 1,125 1,123 1,102 0.2 1.9 1.7 1,170 1,109 1,073 1,216 ‐3.8

      Nondefense communications

          equipment...................................... 4,770 4,837 4,874 ‐1.4 ‐0.8 0.2 4,890 4,903 4,782 4,932 ‐0.9

      Defense communications equipment........ 705 709 700 ‐0.6 1.3 ‐3.2 705 709 700 649 8.6

      Audio and video equipment.................... 613 605 650 1.3 ‐6.9 ‐1.1 623 656 710 603 3.3

      Electronic components.......................... 7,440 7,316 7,256 1.7 0.8 0.3 7,285 7,240 7,257 7,076 3.0

      Nondefense search and navigation

          equipment...................................... 2,804 2,784 2,752 0.7 1.2 1.3 2,780 2,832 2,760 2,568 8.3

      Defense search and navigation

          equipment....................................... 2,517 2,525 2,538 ‐0.3 ‐0.5 ‐0.4 2,477 2,507 2,469 2,566 ‐3.5

      Electromedical, measuring        

          and control instruments...................... 15,685 15,673 15,682 0.1 ‐0.1 0.6 15,821 15,758 15,565 15,586 1.5

  Electrical equipment, appliances,        

    and components.................................... 20,370 20,414 20,271 ‐0.2 0.7 ‐0.1 20,012 20,293 19,956 19,152 4.5

      Electric lighting equipment..................... 2,270 2,270 2,276 0.0 ‐0.3 0.0 2,235 2,257 2,271 2,214 0.9

      Household appliances........................... 2,930 2,934 2,898 ‐0.1 1.2 ‐0.5 2,814 2,947 2,863 2,715 3.6

      Electrical equipment............................. 5,775 5,756 5,724 0.3 0.6 ‐0.2 5,749 5,683 5,411 5,445 5.6

      Batteries............................................ 1,797 1,859 1,828 ‐3.3 1.7 ‐3.6 1,682 1,841 1,894 1,694 ‐0.7

  Transportation equipment......................... 149,239 147,486 145,548 1.2 1.3 1.6 149,738 148,677 145,942 131,858 13.6

      Automobiles....................................... 4,845 5,043 5,103 ‐3.9 ‐1.2 2.5 4,783 5,172 5,272 4,248 12.6

      Light trucks and utility vehicles.............. 5,354 5,027 4,977 6.5 1.0 ‐1.7 5,553 5,266 5,043 4,726 17.5

      Heavy duty trucks ............................... 2,235 2,242 2,230 ‐0.3 0.5 1.4 2,156 2,188 2,148 2,184 ‐1.3

      Motor vehicle bodies, parts,       

          and trailers...................................... 26,658 26,669 26,697 0.0 ‐0.1 0.5 26,555 26,671 26,671 25,803 2.9

      Nondefense aircraft and parts................ 79,873 78,348 76,819 1.9 2.0 2.2 80,347 79,117 76,974 66,875 20.1

      Defense aircraft and parts..................... 13,428 13,528 13,502 ‐0.7 0.2 0.7 13,523 13,571 13,487 13,273 1.9

      Ships and boats.................................. 3,453 3,474 3,331 ‐0.6 4.3 0.8 3,396 3,419 3,395 2,900 17.1

  Furniture and related products.................... 8,004 8,043 8,017 ‐0.5 0.3 ‐0.4 7,980 7,968 7,951 7,939 0.5

  Miscellaneous durable goods..................... 24,633 24,488 24,524 0.6 ‐0.1 0.1 24,827 24,768 24,674 23,872 4.0

  Nondurable goods industries...................... 267,255 266,929 267,317 0.1 ‐0.1 0.0 266,676 269,230 267,884 267,924 ‐0.5

  Food products........................................ 53,996 54,025 54,377 ‐0.1 ‐0.6 0.1 55,597 56,833 55,289 55,272 0.6

      Grain and oilseed milling........................ 5,288 5,268 5,372 0.4 ‐1.9 ‐0.5 5,493 5,522 5,235 5,176 6.1

      Dairy products.................................... 7,966 7,874 7,861 1.2 0.2 0.5 7,635 7,769 7,920 7,292 4.7

      Meat, poultry, and seafood products....... 9,599 9,621 9,604 ‐0.2 0.2 0.5 9,731 9,812 9,698 9,204 5.7

  Beverage and tobacco products................ 25,051 24,980 24,951 0.3 0.1 ‐0.7 25,287 25,530 24,815 24,812 1.9

      Beverages......................................... 20,634 20,547 20,530 0.4 0.1 ‐0.8 20,670 20,987 20,559 20,079 2.9

      Tobacco............................................ 4,417 4,433 4,421 ‐0.4 0.3 ‐0.5 4,617 4,543 4,256 4,733 ‐2.5

  Textile mills............................................ 3,302 3,298 3,334 0.1 ‐1.1 ‐0.9 3,276 3,290 3,330 3,336 ‐1.8

  Textile products...................................... 3,469 3,484 3,505 ‐0.4 ‐0.6 0.5 3,445 3,473 3,522 3,512 ‐1.9

  Apparel................................................. 1,937 1,932 1,919 0.3 0.7 0.0 1,867 1,981 1,987 1,887 ‐1.1

  Leather and allied products....................... 781 782 778 ‐0.1 0.5 0.4 783 777 781 806 ‐2.9

  Paper products....................................... 16,226 16,250 16,259 ‐0.1 ‐0.1 ‐0.5 16,025 15,979 16,284 15,897 0.8

      Pulp, paper, and paperboard mills........... 6,783 6,808 6,822 ‐0.4 ‐0.2 ‐0.3 6,696 6,646 6,761 6,508 2.9

      Paperboard containers......................... 5,045 5,037 5,037 0.2 0.0 ‐0.8 4,964 4,966 5,078 4,937 0.5

  Printing.................................................. 5,534 5,537 5,548 ‐0.1 ‐0.2 0.4 5,564 5,678 5,615 5,587 ‐0.4

  Petroleum and coal products..................... 39,606 38,927 38,650 1.7 0.7 ‐0.7 38,762 38,988 39,405 39,417 ‐1.7

      Petroleum refineries............................. 33,941 33,198 32,918 2.2 0.9 ‐0.7 33,259 33,403 33,733 33,672 ‐1.2

  Chemical products..................................... 90,535 90,921 91,137 ‐0.4 ‐0.2 0.5 89,562 90,171 90,082 90,392 ‐0.9

      Pesticides, fertilizers, and other

          agricultural chemicals........................ 5,079 5,087 5,128 ‐0.2 ‐0.8 0.3 4,976 4,777 4,745 4,505 10.5

      Pharmaceuticals and medicines.............. 37,160 37,296 37,753 ‐0.4 ‐1.2 1.4 36,837 37,223 37,337 37,251 ‐1.1

      Paints, coatings, and adhesives.............. 3,870 3,855 3,867 0.4 ‐0.3 0.0 3,745 3,746 3,801 3,816 ‐1.9

  Plastics and rubber products..................... 26,818 26,793 26,859 0.1 ‐0.2 ‐0.3 26,508 26,530 26,774 27,006 ‐1.8

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, November Full Report, January 7, 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

Nov. Oct. Sep. Oct. ‐ Sep. ‐ Aug. ‐ Nov. Oct. Sep. Nov. 2019/

2019p 2019r 2019 Nov. Oct. Sep. 2019p 2019r 2019 2018 2019p 2018 2018

SHIPMENTS

  All manufacturing industries......................... 502,166 500,488 500,121 0.3 0.1 ‐0.4 486,035 518,466 514,074 495,901 5,541,808 5,509,494 0.6

    Construction materials and supplies....... 52,430 52,303 52,425 0.2 ‐0.2 0.0 48,837 55,981 54,051 48,893 580,398 570,025 1.8

    Information technology......................... 25,435 25,245 25,155 0.8 0.4 ‐0.2 24,726 24,570 28,414 24,874 274,516 264,880 3.6

    Computers and related products........... 1,905 1,753 1,654 8.7 6.0 ‐3.6 1,756 1,589 2,074 1,742 18,679 19,592 ‐4.7

    Motor vehicle and parts......................... 59,508 58,840 60,042 1.1 ‐2.0 ‐2.6 57,101 63,736 61,579 60,402 675,412 651,933 3.6

    Capital goods......................................      87,162 87,896 86,938 ‐0.8 1.1 0.0 84,137 87,382 93,489 89,642 965,718 966,789 ‐0.1

      Nondefense capital goods3

.................. 74,374 75,045 74,092 ‐0.9 1.3 ‐0.3 70,492 74,670 79,592 76,718 826,899 841,001 ‐1.7

        Excluding aircraft............................. 69,050 69,285 68,786 ‐0.3 0.7 ‐0.8 65,206 69,691 72,845 66,215 757,825 742,968 2.0

      Defense capital goods4

........................ 12,788 12,851 12,846 ‐0.5 0.0 1.6 13,645 12,712 13,897 12,924 138,819 125,788 10.4

    Consumer goods.................................. 212,547 210,862 210,848 0.8 0.0 ‐0.6 210,244 220,244 214,754 210,872 2,329,435 2,324,193 0.2

      Consumer durable goods..................... 42,949 42,555 43,241 0.9 ‐1.6 ‐2.8 41,847 45,954 44,729 44,166 482,169 471,009 2.4

      Consumer nondurable goods................ 169,598 168,307 167,607 0.8 0.4 0.0 168,397 174,290 170,025 166,706 1,847,266 1,853,184 ‐0.3

  All manufacturing industries5

...................... 493,029 496,644 495,574 ‐0.7 0.2 ‐0.8 475,382 510,411 507,103 489,476 5,463,564 5,500,315 ‐0.7

    Construction materials and supplies....... 52,034 51,838 52,050 0.4 ‐0.4 ‐1.1 48,036 54,807 53,045 48,886 580,561 575,503 0.9

    Information technology......................... 25,214 25,151 25,221 0.3 ‐0.3 0.2 23,947 24,638 29,021 24,723 274,650 267,593 2.6

    Computers and related products........... 1,942 1,783 1,695 8.9 5.2 0.8 1,793 1,619 2,115 1,801 18,696 19,905 ‐6.1

    Motor vehicle and parts......................... 59,641 58,515 59,605 1.9 ‐1.8 ‐2.9 57,608 62,228 61,082 60,785 673,158 651,695 3.3

    Capital goods......................................      81,231 88,043 84,952 ‐7.7 3.6 ‐2.8 76,229 86,985 89,713 87,418 934,050 978,745 ‐4.6

      Nondefense capital goods3.................. 71,191 72,456 71,028 ‐1.7 2.0 ‐3.5 65,848 72,661 72,894 72,659 795,995 844,517 ‐5.7

        Excluding aircraft............................. 69,331 69,215 68,533 0.2 1.0 ‐0.5 64,843 69,870 72,131 65,658 754,886 749,867 0.7

      Defense capital goods4........................ 10,040 15,587 13,924 ‐35.6 11.9 0.8 10,381 14,324 16,819 14,759 138,055 134,228 2.9

    Consumer goods.................................. 212,644 210,916 210,840 0.8 0.0 ‐0.6 210,424 220,318 214,872 210,815 2,330,076 2,324,259 0.3

      Consumer durable goods..................... 43,046 42,609 43,233 1.0 ‐1.4 ‐3.0 42,027 46,028 44,847 44,109 482,810 471,075 2.5

      Consumer nondurable goods.............. 169,598 168,307 167,607 0.8 0.4 0.0 168,397 174,290 170,025 166,706 1,847,266 1,853,184 ‐0.3

  All manufacturing industries5

...................... 1,158,736 1,163,622 1,163,245 ‐0.4 0.0 0.0 1,148,552 1,154,374 1,157,425 1,171,857 (X) (X) ‐2.0

    Construction materials and supplies....... 59,299 59,695 60,160 ‐0.7 ‐0.8 ‐0.6 57,968 58,769 59,943 58,049 (X) (X) ‐0.1

    Information technology......................... 115,683 115,904 115,998 ‐0.2 ‐0.1 0.1 114,706 115,485 115,417 113,859 (X) (X) 0.7

    Computers and related products........... 2,212 2,175 2,145 1.7 1.4 1.9 2,212 2,175 2,145 2,191 (X) (X) 1.0

    Motor vehicle and parts......................... 25,898 25,765 26,090 0.5 ‐1.2 ‐1.6 24,938 24,431 25,939 26,269 (X) (X) ‐5.1

    Capital goods......................................      842,340 848,271 848,124 ‐0.7 0.0 ‐0.2 835,529 843,437 843,834 861,049 (X) (X) ‐3.0

      Nondefense capital goods3.................. 684,172 687,355 689,944 ‐0.5 ‐0.4 ‐0.4 678,516 683,160 685,169 706,328 (X) (X) ‐3.9

        Excluding aircraft............................. 218,094 217,813 217,883 0.1 0.0 ‐0.1 216,406 216,769 216,590 221,389 (X) (X) ‐2.3

      Defense capital goods4........................ 158,168 160,916 158,180 ‐1.7 1.7 0.7 157,013 160,277 158,665 154,721 (X) (X) 1.5

    Consumer goods.................................. 5,021 4,924 4,870 2.0 1.1 ‐0.2 5,127 4,947 4,873 4,877 (X) (X) 5.1

      Consumer durable goods..................... 5,021 4,924 4,870 2.0 1.1 ‐0.2 5,127 4,947 4,873 4,877 (X) (X) 5.1

  All manufacturing industries....................... 700,989 699,024 697,912 0.3 0.2 0.3 700,211 701,680 698,215 682,239 (X) (X) 2.6

    Construction materials and supplies....... 72,867 73,010 73,110 ‐0.2 ‐0.1 ‐0.2 71,691 72,044 72,585 72,780 (X) (X) ‐1.5

    Information technology......................... 40,567 40,583 40,626 0.0 ‐0.1 0.6 40,817 40,778 40,382 39,772 (X) (X) 2.6

    Computers and related products........... 3,866 3,836 3,879 0.8 ‐1.1 1.2 3,938 3,804 3,874 3,804 (X) (X) 3.5

    Motor vehicle and parts......................... 39,092 38,981 39,007 0.3 ‐0.1 0.5 39,047 39,297 39,134 36,961 (X) (X) 5.6

    Capital goods......................................      221,093 219,990 218,351 0.5 0.8 0.9 222,213 220,985 218,174 205,496 (X) (X) 8.1

      Nondefense capital goods3.................. 196,756 195,701 194,441 0.5 0.6 0.9 197,992 196,779 194,274 182,725 (X) (X) 8.4

        Excluding aircraft............................. 129,501 129,814 130,110 ‐0.2 ‐0.2 0.2 130,413 130,214 129,927 127,846 (X) (X) 2.0

      Defense capital goods4........................ 24,337 24,289 23,910 0.2 1.6 0.8 24,221 24,206 23,900 22,771 (X) (X) 6.4

    Consumer goods.................................. 202,975 202,232 202,736 0.4 ‐0.2 0.1 203,790 206,142 204,310 202,194 (X) (X) 0.8

      Consumer durable goods..................... 32,516 32,318 32,314 0.6 0.0 0.1 32,665 32,834 32,572 30,810 (X) (X) 6.0

      Consumer nondurable goods................ 170,459 169,914 170,422 0.3 ‐0.3 0.1 171,125 173,308 171,738 171,384 (X) (X) ‐0.2

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 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 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, November Full Report, January 7, 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 November

Nov. Oct. Sep. Oct. ‐ Sep. ‐ Aug. ‐ Nov. Oct. Sep. Nov. 2019/

2019p 2019r 2019 Nov. Oct. Sep. 2019p 2019r 2019 2018 2018

MATERIALS AND SUPPLIES

  All manufacturing industries....................... 237,480 237,240 237,043 0.1 0.1 ‐0.1 236,590 238,004 237,609 237,052 ‐0.2

    Durable goods industries.......................... 145,982 145,897 145,685 0.1 0.1 0.2 145,863 146,374 146,451 145,182 0.5

      Wood products................................... 5,216 5,209 5,213 0.1 ‐0.1 0.7 5,326 5,306 5,233 5,301 0.5

      Nonmetallic mineral products................. 6,120 6,176 6,186 ‐0.9 ‐0.2 ‐0.4 6,059 6,143 6,177 5,928 2.2

      Primary metals.................................... 12,506 12,635 12,408 ‐1.0 1.8 ‐1.1 12,626 12,758 12,525 13,243 ‐4.7

      Fabricated metal products..........................       20,100 20,187 20,291 ‐0.4 ‐0.5 ‐0.2 19,909 20,215 20,540 20,655 ‐3.6

      Machinery.......................................... 29,025 29,062 29,215 ‐0.1 ‐0.5 ‐0.2 28,949 29,187 29,382 28,603 1.2

      Computers and electronic products........ 19,780 19,443 19,411 1.7 0.2 0.3 19,824 19,527 19,354 19,157 3.5

      Electrical equipment, appliances,

         and components............................... 8,482 8,466 8,499 0.2 ‐0.4 ‐0.3 8,374 8,453 8,379 8,178 2.4

      Transportation equipment..................... 32,856 32,835 32,581 0.1 0.8 1.2 32,916 32,932 32,961 32,250 2.1

      Furniture and related products............... 3,756 3,774 3,800 ‐0.5 ‐0.7 ‐0.6 3,717 3,741 3,770 3,892 ‐4.5

      Miscellaneous products......................... 8,141 8,110 8,081 0.4 0.4 0.9 8,163 8,112 8,130 7,975 2.4

   Nondurable goods industries...................... 91,498 91,343 91,358 0.2 0.0 ‐0.6 90,727 91,630 91,158 91,870 ‐1.2

      Food  products.................................... 18,307 18,283 18,374 0.1 ‐0.5 0.4 18,537 19,051 18,428 17,992 3.0

      Beverage and tobacco products........................ 5,805 5,885 5,901 ‐1.4 ‐0.3 ‐0.6 5,949 6,019 5,788 6,131 ‐3.0

      Textiles.............................................. 1,121 1,123 1,127 ‐0.2 ‐0.4 ‐0.9 1,110 1,108 1,117 1,171 ‐5.2

      Textile products................................... 1,342 1,350 1,353 ‐0.6 ‐0.2 ‐0.1 1,329 1,334 1,357 1,318 0.8

      Apparel............................................. 453 458 461 ‐1.1 ‐0.7 ‐2.5 443 461 461 504 ‐12.1

      Leather and allied products.................... 269 268 272 0.4 ‐1.5 ‐1.8 266 267 274 274 ‐2.9

      Paper products.................................... 8,081 8,017 8,024 0.8 ‐0.1 ‐0.8 7,993 7,916 8,065 8,031 ‐0.5

      Printing ............................................. 2,757 2,770 2,784 ‐0.5 ‐0.5 ‐0.5 2,779 2,803 2,807 2,900 ‐4.2

      Petroleum and coal products................. 10,188 10,070 10,179 1.2 ‐1.1 ‐3.2 9,823 9,995 10,254 11,333 ‐13.3

      Chemical products................................ 31,910 31,878 31,621 0.1 0.8 ‐0.2 31,382 31,492 31,279 30,758 2.0

      Plastics and rubber products.................. 11,265 11,241 11,262 0.2 ‐0.2 ‐0.7 11,116 11,184 11,328 11,458 ‐3.0

WORK IN PROCESS

  All manufacturing industries....................... 219,930 218,371 217,544 0.7 0.4 1.0 220,059 219,639 216,490 208,164 5.7

    Durable goods industries.......................... 166,613 165,432 164,115 0.7 0.8 1.3 166,450 165,565 163,706 152,363 9.2

      Wood products................................... 2,157 2,147 2,135 0.5 0.6 ‐4.0 2,128 2,119 2,105 2,227 ‐4.4

      Nonmetallic mineral products................. 1,580 1,565 1,568 1.0 ‐0.2 0.5 1,502 1,494 1,537 1,518 ‐1.1

      Primary metals.................................... 9,740 10,000 10,125 ‐2.6 ‐1.2 0.5 9,671 9,960 10,143 10,696 ‐9.6

      Fabricated metal products..........................       14,137 14,169 14,050 ‐0.2 0.8 1.9 14,119 14,157 14,059 13,915 1.5

      Machinery.......................................... 18,494 18,552 18,774 ‐0.3 ‐1.2 0.6 18,903 18,672 18,881 18,751 0.8

      Computers and electronic products........ 12,114 12,026 12,045 0.7 ‐0.2 0.0 11,938 11,832 11,841 12,399 ‐3.7

      Electrical equipment, appliances,

         and components............................... 4,327 4,306 4,288 0.5 0.4 0.3 4,250 4,240 4,200 4,078 4.2

      Transportation equipment..................... 98,781 97,381 95,870 1.4 1.6 1.9 98,643 97,787 95,680 83,581 18.0

      Furniture and related products............... 1,394 1,395 1,382 ‐0.1 0.9 2.1 1,382 1,357 1,368 1,355 2.0

      Miscellaneous products......................... 3,889 3,891 3,878 ‐0.1 0.3 ‐1.6 3,914 3,947 3,892 3,843 1.8

   Nondurable goods industries...................... 53,317 52,939 53,429 0.7 ‐0.9 0.3 53,609 54,074 52,784 55,801 ‐3.9

      Food  products.................................... 4,938 4,968 5,758 ‐0.6 ‐13.7 ‐0.8 5,790 5,845 5,203 6,807 ‐14.9

      Beverage and tobacco products........................ 9,704 9,603 9,658 1.1 ‐0.6 ‐1.5 9,895 9,921 9,642 9,657 2.5

      Textiles.............................................. 710 704 717 0.9 ‐1.8 ‐0.7 707 706 725 723 ‐2.2

      Textile products................................... 421 421 422 0.0 ‐0.2 0.5 422 426 430 425 ‐0.7

      Apparel............................................. 343 341 331 0.6 3.0 1.2 332 343 342 324 2.5

      Leather and allied products.................... 78 82 80 ‐4.9 2.5 ‐1.2 78 80 81 79 ‐1.3

      Paper products.................................... 1,345 1,365 1,381 ‐1.5 ‐1.2 ‐1.5 1,323 1,348 1,385 1,293 2.3

      Printing ............................................. 1,218 1,200 1,190 1.5 0.8 4.2 1,227 1,279 1,248 1,179 4.1

      Petroleum and coal products................. 12,654 12,241 11,984 3.4 2.1 1.7 12,144 12,302 12,084 11,771 3.2

      Chemical products................................ 18,808 18,926 18,831 ‐0.6 0.5 0.8 18,591 18,747 18,583 20,306 ‐8.4

      Plastics and rubber products.................. 3,098 3,088 3,077 0.3 0.4 ‐1.3 3,100 3,077 3,061 3,237 ‐4.2

FINISHED GOODS

  All manufacturing industries....................... 243,579 243,413 243,325 0.1 0.0 0.1 243,562 244,037 244,116 237,023 2.8

    Durable goods industries.......................... 121,139 120,766 120,795 0.3 0.0 ‐0.1 121,222 120,511 120,174 116,770 3.8

      Wood products................................... 4,652 4,711 4,746 ‐1.3 ‐0.7 0.2 4,576 4,553 4,527 4,875 ‐6.1

      Nonmetallic mineral products................. 7,383 7,371 7,323 0.2 0.7 0.5 7,117 7,099 7,172 7,019 1.4

      Primary metals.................................... 12,701 12,163 12,377 4.4 ‐1.7 0.2 12,462 11,791 12,319 12,123 2.8

      Fabricated metal products..........................       19,806 19,890 20,029 ‐0.4 ‐0.7 ‐0.9 19,502 19,554 19,721 19,566 ‐0.3

      Machinery.......................................... 24,122 24,338 24,236 ‐0.9 0.4 ‐0.4 24,268 24,141 24,092 23,582 2.9

      Computers and electronic products........ 11,855 12,020 12,103 ‐1.4 ‐0.7 0.8 12,099 12,236 12,200 11,936 1.4

      Electrical equipment, appliances,

         and components............................... 7,561 7,642 7,484 ‐1.1 2.1 0.0 7,388 7,600 7,377 6,896 7.1

      Transportation equipment..................... 17,602 17,270 17,097 1.9 1.0 0.2 18,179 17,958 17,301 16,027 13.4

      Furniture and related products............... 2,854 2,874 2,835 ‐0.7 1.4 ‐1.2 2,881 2,870 2,813 2,692 7.0

      Miscellaneous products......................... 12,603 12,487 12,565 0.9 ‐0.6 0.1 12,750 12,709 12,652 12,054 5.8

   Nondurable goods industries...................... 122,440 122,647 122,530 ‐0.2 0.1 0.3 122,340 123,526 123,942 120,253 1.7

      Food  products.................................... 30,751 30,774 30,245 ‐0.1 1.7 0.0 31,270 31,937 31,658 30,473 2.6

      Beverage and tobacco products........................ 9,542 9,492 9,392 0.5 1.1 ‐0.1 9,443 9,590 9,385 9,024 4.6

      Textiles.............................................. 1,471 1,471 1,490 0.0 ‐1.3 ‐1.1 1,459 1,476 1,488 1,442 1.2

      Textile products................................... 1,706 1,713 1,730 ‐0.4 ‐1.0 0.9 1,694 1,713 1,735 1,769 ‐4.2

      Apparel............................................. 1,141 1,133 1,127 0.7 0.5 0.7 1,092 1,177 1,184 1,059 3.1

      Leather and allied products.................... 434 432 426 0.5 1.4 2.2 439 430 426 453 ‐3.1

      Paper products.................................... 6,800 6,868 6,854 ‐1.0 0.2 0.2 6,709 6,715 6,834 6,573 2.1

      Printing ............................................. 1,559 1,567 1,574 ‐0.5 ‐0.4 ‐0.7 1,558 1,596 1,560 1,508 3.3

      Petroleum and coal products................. 16,764 16,616 16,487 0.9 0.8 ‐0.7 16,795 16,691 17,067 16,313 3.0

      Chemical products................................ 39,817 40,117 40,685 ‐0.7 ‐1.4 1.0 39,589 39,932 40,220 39,328 0.7

      Plastics and rubber products.................. 12,455 12,464 12,520 ‐0.1 ‐0.4 0.3 12,292 12,269 12,385 12,311 ‐0.2

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.     

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, November Full Report, January 7, 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 Nov Oct Sep Aug Nov Oct Sep Aug

2019p 2019r 2019 2019 2019p 2019r 2019 2019

All manufacturing industries3

.................................... 1.40 1.40 1.40 1.39 (X) (X) (X) (X)

Durable goods industries3

........................................ 1.73 1.72 1.71 1.69 6.67 6.68 6.70 6.68

  Wood products........................................................... 1.28 1.30 1.32 1.32 (X) (X) (X) (X)

  Nonmetallic mineral products............................. 1.35 1.34 1.32 1.32 (X) (X) (X) (X)

  Primary metals............................................................ 1.75 1.74 1.72 1.73 1.61 1.60 1.58 1.57

  Fabricated metal products...................................... 1.59 1.60 1.61 1.61 2.60 2.63 2.63 2.66

  Machinery..................................................................... 2.20 2.18 2.21 2.17 3.48 3.42 3.46 3.41

  Computers and electronic products3

................... 1.57 1.56 1.57 1.56 5.50 5.49 5.52 5.48

  Electrical equipment, appliances,

      and components.................................................... 1.73 1.77 1.73 1.74 1.89 1.91 1.87 1.87

  Transportation equipment..................................... 1.78 1.76 1.73 1.68 15.19 15.20 15.37 15.26

  Furniture and related products............................ 1.16 1.17 1.18 1.20 1.40 1.41 1.41 1.45

  Miscellaneous products.......................................... 1.78 1.76 1.77 1.77 (X) (X) (X) (X)

Nondurable goods industries................................... 1.07 1.07 1.08 1.07 (X) (X) (X) (X)

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

  Beverage and tobacco products........................... 2.06 1.98 1.93 1.91 (X) (X) (X) (X)

  Textiles.......................................................................... 1.37 1.35 1.37 1.38 (X) (X) (X) (X)

  Textile products......................................................... 1.54 1.54 1.55 1.54 (X) (X) (X) (X)

  Apparel........................................................................ 2.06 2.02 2.02 2.03 (X) (X) (X) (X)

  Leather and allied products................................ 1.95 1.91 1.90 1.89 (X) (X) (X) (X)

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

  Printing........................................................................ 0.80 0.80 0.80 0.80 (X) (X) (X) (X)

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

  Chemical products................................................... 1.34 1.34 1.35 1.34 (X) (X) (X) (X)

  Plastics and rubber products................................ 1.34 1.36 1.36 1.36 (X) (X) (X) (X)

Nov3 Nov3 Nov3 Nov3

Industry 2018‐ 2018‐ 2018‐ 2018‐

Nov2 Oct Nov2 Oct Nov2 Oct Nov2 Oct

2019 2019 2019 2019 2019 2019 2019 2019

          

All manufacturing industries.................. (X) 0.2 (X) 0.2 (X) 0.1 (X) 0.1

Durable goods industries....................... ‐0.1 0.2 ‐0.1 0.4 0.0 0.1 0.0 0.0

  Wood products............................................ (X) 0.3 (X) (NA) (X) (NA) (X) 0.2

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

  Primary metals............................................. ‐0.3 0.4 ‐0.3 0.6 0.0 0.2 ‐0.1 0.2

  Fabricated metal products.................... ‐0.3 0.4 ‐0.2 0.6 0.0 0.2 ‐0.1 0.1

  Machinery...................................................... 0.0 0.4 0.4 0.7 0.1 0.1 0.0 0.1

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

  Electrical equipment, appliances,

      and components..................................... 0.3 0.2 0.0 0.4 ‐0.2 0.2 0.0 0.1

  Transportation equipment.................... 0.1 0.4 0.0 0.9 0.0 0.1 0.0 0.1

  Furniture and related products............. (X) 0.5 (X) 0.5 (X) 0.6 (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) 0.5 (X) (NA) (X) (NA) (X) 0.2

  Textiles.......................................................... (X) 0.3 (X) (NA) (X) (NA) (X) 0.3

  Textile products......................................... (X) 0.4 (X) (NA) (X) (NA) (X) 0.2

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

  Leather and allied products.................. (X) 0.8 (X) (NA) (X) (NA) (X) 0.4

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

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

  Petroleum and coal products............... (X) 0.5 (X) (NA) (X) (NA) (X) 0.3

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

  Plastics and rubber products................ (X) 0.3 (X) (NA) (X) (NA) (X) 0.1

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, November Full Report, January 7, 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, November Full Report, January 7, 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