Table 5. Value of Manufacturers' Shipments, New Orders, Unfilled Orders, and Total Inventories for 

 Topical Series1, 2

January 2023 - March 2023

[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 Percent

Industry Change6

Mar. Feb. Jan. Feb. - Jan. - Dec. - Mar. Feb. Jan. Mar. 2023/

2023 2023 2023 Mar. Feb. Jan. 2023 2023 2023 2022 2023 2022 2022

SHIPMENTS

 All manufacturing industries................... 574,998 578,124 581,720 -0.5 -0.6 0.7 612,862 535,019 540,816 607,719 1,688,697 1,627,643 3.8

 Construction materials and supplies....... 61,886 62,000 62,225 -0.2 -0.4 -0.1 64,006 55,545 55,088 64,443 174,639 173,938 0.4

 Information technology......................... 24,388 24,285 24,358 0.4 -0.3 0.9 26,747 21,716 21,096 25,941 69,559 67,618 2.9

 Computers and related products........... 1,965 1,928 1,945 1.9 -0.9 4.0 2,099 1,511 1,739 1,723 5,349 4,395 21.7

 Motor vehicle and parts......................... 61,047 61,127 61,443 -0.1 -0.5 0.4 70,491 58,888 55,883 65,552 185,262 168,174 10.2

 Capital goods..................................... 94,298 92,516 93,289 1.9 -0.8 -0.8 105,563 85,275 81,914 96,750 272,752 253,094 7.8

 Nondefense capital goods3.................. 81,460 79,537 80,110 2.4 -0.7 -0.9 91,281 72,637 70,938 83,326 234,856 217,565 7.9

 Excluding aircraft............................. 73,321 73,623 73,850 -0.4 -0.3 1.1 80,887 68,564 66,569 77,658 216,020 204,705 5.5

 Defense capital goods4........................ 12,838 12,979 13,179 -1.1 -1.5 -0.7 14,282 12,638 10,976 13,424 37,896 35,529 6.7

 Consumer goods................................ 243,700 248,675 251,714 -2.0 -1.2 1.3 254,363 228,178 236,659 259,541 719,200 690,465 4.2

 Consumer durable goods................. 44,738 44,647 45,332 0.2 -1.5 0.2 51,487 42,056 39,917 48,630 133,460 122,709 8.8

 Consumer nondurable goods............. 198,962 204,028 206,382 -2.5 -1.1 1.6 202,876 186,122 196,742 210,911 585,740 567,756 3.2

 All manufacturing industries5................... 573,809 571,265 581,049 0.4 -1.7 0.0 618,458 532,423 542,609 614,653 1,693,490 1,655,878 2.3

 Construction materials and supplies....... 62,037 61,886 62,019 0.2 -0.2 -0.3 65,862 56,080 55,965 66,249 177,907 178,330 -0.2

 Information technology......................... 25,076 24,447 24,393 2.6 0.2 0.0 28,451 22,218 21,194 27,274 71,863 69,307 3.7

 Computers and related products5........... 1,981 1,922 1,966 3.1 -2.2 5.4 2,115 1,505 1,760 1,725 5,380 4,380 22.8

 Motor vehicle and parts......................... 61,102 61,461 61,465 -0.6 0.0 0.6 70,263 59,953 56,428 65,633 186,644 169,675 10.0

 Capital goods...................................... 97,755 90,496 98,883 8.0 -8.5 -4.9 113,243 84,690 87,261 105,571 285,194 285,896 -0.2

 Nondefense capital goods3.................. 84,793 77,659 84,527 9.2 -8.1 -6.3 95,628 72,745 76,071 89,415 244,444 249,806 -2.1

 Excluding aircraft............................. 72,653 73,468 73,619 -1.1 -0.2 0.9 80,391 70,055 69,979 79,164 220,425 213,641 3.2

 Defense capital goods4........................ 12,962 12,837 14,356 1.0 -10.6 4.2 17,615 11,945 11,190 16,156 40,750 36,090 12.9

 Consumer goods................................. 243,669 248,837 251,634 -2.1 -1.1 1.2 254,437 228,351 236,760 259,496 719,548 690,645 4.2

 Consumer durable goods.................. 44,707 44,809 45,252 -0.2 -1.0 -0.3 51,561 42,229 40,018 48,585 133,808 122,889 8.9

 Consumer nondurable goods.............. 198,962 204,028 206,382 -2.5 -1.1 1.6 202,876 186,122 196,742 210,911 585,740 567,756 3.2

 All manufacturing industries5................... 1,279,679 1,275,522 1,276,988 0.3 -0.1 0.4 1,290,767 1,280,601 1,278,146 1,232,263 (X) (X) 4.7

 Construction materials and supplies....... 100,559 100,408 100,522 0.2 -0.1 -0.2 101,015 99,159 98,624 99,644 (X) (X) 1.4

 Information technology......................... 134,335 133,647 133,485 0.5 0.1 0.0 135,414 133,710 133,208 132,230 (X) (X) 2.4

 Computers and related products5........... 1,314 1,298 1,304 1.2 -0.5 1.6 1,314 1,298 1,304 1,312 (X) (X) 0.2

 Motor vehicle and parts......................... 35,051 34,996 34,662 0.2 1.0 0.1 36,323 36,551 35,486 37,406 (X) (X) -2.9

 Capital goods...................................... 939,849 936,392 938,412 0.4 -0.2 0.6 946,328 938,648 939,233 891,831 (X) (X) 6.1

 Nondefense capital goods3.................. 735,033 731,700 733,578 0.5 -0.3 0.6 738,232 733,885 733,777 687,946 (X) (X) 7.3

 Excluding aircraft............................. 273,167 273,835 273,990 -0.2 -0.1 -0.1 275,085 275,581 274,090 271,614 (X) (X) 1.3

 Defense capital goods4........................ 204,816 204,692 204,834 0.1 -0.1 0.6 208,096 204,763 205,456 203,885 (X) (X) 2.1

 Consumer goods................................ 12,078 12,109 11,947 -0.3 1.4 -0.7 12,226 12,152 11,979 12,575 (X) (X) -2.8

 Consumer durable goods................. 12,078 12,109 11,947 -0.3 1.4 -0.7 12,226 12,152 11,979 12,575 (X) (X) -2.8

 

 All manufacturing industries................... 853,732 859,843 860,359 -0.7 -0.1 0.1 853,755 861,700 857,451 836,408 (X) (X) 2.1

 Construction materials and supplies....... 92,902 92,835 93,031 0.1 -0.2 -0.1 94,260 94,155 93,549 91,119 (X) (X) 3.4

 Information technology......................... 46,236 46,055 45,963 0.4 0.2 0.0 45,711 45,995 45,535 43,568 (X) (X) 4.9

 Computers and related products........... 3,665 3,609 3,657 1.6 -1.3 -1.8 3,487 3,564 3,517 3,491 (X) (X) -0.1

 Motor vehicle and parts......................... 53,125 53,694 53,508 -1.1 0.3 0.3 52,893 54,170 53,450 52,225 (X) (X) 1.3

 Capital goods...................................... 244,657 248,587 248,145 -1.6 0.2 0.5 244,124 248,219 245,387 237,194 (X) (X) 2.9

 Nondefense capital goods3.................. 220,846 224,752 224,288 -1.7 0.2 0.2 220,272 224,505 221,680 214,340 (X) (X) 2.8

 Excluding aircraft............................. 161,342 160,766 160,361 0.4 0.3 0.3 161,259 161,263 159,097 149,869 (X) (X) 7.6

 Defense capital goods4........................ 23,811 23,835 23,857 -0.1 -0.1 2.8 23,852 23,714 23,707 22,854 (X) (X) 4.4

 Consumer goods................................. 257,819 259,687 260,582 -0.7 -0.3 0.4 256,269 258,564 258,779 253,138 (X) (X) 1.2

 Consumer durable goods.................. 42,642 43,092 42,763 -1.0 0.8 -0.6 41,944 43,355 42,445 41,330 (X) (X) 1.5

 Consumer nondurable goods............. 215,177 216,595 217,819 -0.7 -0.6 0.6 214,325 215,209 216,334 211,808 (X) (X) 1.2

NEW ORDERS 

UNFILLED ORDERS 

TOTAL INVENTORIES 

X Not Applicable 

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 <https://www.census.gov/manufacturing/m3/>. 

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, Benchmark Report, May 12, 2023. Information on data sources and methodology can be found on our website at 

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

The Census Bureau has reviewed this data product to ensure appropriate access, use, and disclosure avoidance protection of the confidential source data (Project No. P-6000307, Disclosure Review Board (DRB) approval number: CBDRB-FY23-0294).