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FOR RELEASE AT 8:30 AM EST, THURSDAY, FEBRUARY 27, 2020

MONTHLY ADVANCE REPORT ON DURABLE GOODS MANUFACTURERS’ SHIPMENTS, 

INVENTORIES AND ORDERS JANUARY 2020

Release Number: CB 20-31 M3-1 (20)-01

February 27, 2020 — The U.S. Census Bureau announces the January advance report on durable goods 

manufacturers’ shipments, inventories and orders:

New Orders

New orders for manufactured durable goods in January decreased $0.4 billion or 0.2 percent to $246.2

billion, the U.S. Census Bureau announced today. This decrease, down two of the last three months, 

followed a 2.9 percent December increase. Excluding transportation, new orders increased 0.9 percent. 

Excluding defense, new orders increased 3.6 percent. Transportation equipment, down four of the last 

five months, drove the decrease, $1.8 billion or 2.2 percent to $82.0 billion.

Shipments

Shipments of manufactured durable goods in January, down seven consecutive months, decreased $0.5

billion or 0.2 percent to $250.1 billion. This followed a 0.1 percent December decrease. Transportation 

equipment, also down seven consecutive months, drove the decrease, $1.3 billion or 1.6 percent to $82.1

billion.

DURABLE GOODS – NEW ORDERS

JANUARY 2020 $246.2 billion -0.2%°

DECEMBER 2019 

(revised) $246.6 billion +2.9%°

Next release: March 25, 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, February 

27, 2020.

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

% Change -2.6% 1.7% -2.8% -2.3% 1.8% 2.1% 0.2% -1.5% 0.2% -3.1% 2.9% -0.2%

-8.0%

-7.0%

-6.0%

-5.0%

-4.0%

-3.0%

-2.0%

-1.0%

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%

7.0%

8.0%

DURABLE GOODS NEW ORDERS 2019-2020

Seasonally Adjusted, Month-To-Month Percentage Change

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

February 27, 2020.
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Unfilled Orders

Unfilled orders for manufactured durable goods in January, up three of the last four months, increased

$0.1 billion or virtually unchanged to $1,157.0 billion. This followed a virtually unchanged December

increase. Fabricated metal products, up two consecutive months, drove the increase, $0.3 billion or 0.3

percent to $86.2 billion.

Inventories

Inventories of manufactured durable goods in January, up eighteen of the last nineteen months, increased 

less than $0.1 billion or virtually unchanged to $435.4 billion. This followed a 0.4 percent December

increase. Fabricated metal products, up following three consecutive monthly decreases, drove the 

increase, $0.5 billion or 0.9 percent to $54.1 billion. 

Capital Goods

Nondefense new orders for capital goods in January increased $8.0 billion or 12.4 percent to $72.7 billion. 

Shipments decreased $1.3 billion or 1.7 percent to $73.5 billion. Unfilled orders decreased $0.9 billion or 

0.1 percent to $670.9 billion. Inventories decreased $0.4 billion or 0.2 percent to $198.5 billion. Defense 

new orders for capital goods in January decreased $7.5 billion or 39.8 percent to $11.4 billion. Shipments

increased $0.6 billion or 4.8 percent to $13.1 billion. Unfilled orders decreased $1.7 billion or 1.0 percent 

to $163.0 billion. Inventories increased $0.2 billion or 0.9 percent to $24.1 billion.

Revised December Data

Revised seasonally adjusted December figures for all manufacturing industries were: new orders, $500.4

billion (revised from $499.3 billion); shipments, $504.4 billion (revised from $504.1 billion); unfilled orders, 

$1,156.9 billion (revised from $1,156.2 billion) and total inventories, $704.3 billion (revised from $704.9

billion).

Revised and more detailed estimates, plus nondurable goods data, will be published on March 5, 2020, at

10:00 a.m. EST. The Advance Report on durable goods for February is scheduled for release on March 25,

2020 at 8:30 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-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 
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report. Corrections received after the full report will be released in the next month’s advance report. Any 

revisions made later than two months will be reflected in the annual benchmark publication. Additional 

survey documentation can be found on our web site: 

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

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/>
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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. Durable Goods Manufacturers' Shipments and New Orders 1

[Estimates are shown in millions of dollars and are based on data from the Manufacturers' Shipments, Inventories, and Orders Survey.]

Seasonally Adjusted Not Seasonally Adjusted 

Monthly Percent Change Monthly Year to Date

Item Percent

Jan Dec Nov Dec - Nov - Oct - Jan Dec Jan Change

2020 2 2019 r 2019 Jan 2 Dec r Nov 2020 2 2019 r 2019 2020 2019 2020/2019

DURABLE GOODS

 Total:

 Shipments................................ 250,098 250,621 250,832 -0.2 -0.1 -0.2 228,151 246,112 233,379 228,151 233,379 -2.2

 New Orders4

.............................. 246,199 246,634 239,718 -0.2 2.9 -3.1 226,091 248,372 231,447 226,091 231,447 -2.3

 Excluding transportation:

 Shipments................................ 167,991 167,167 167,238 0.5 0.0 -0.2 154,005 164,782 153,871 154,005 153,871 0.1

 New Orders4

.............................. 164,170 162,762 162,612 0.9 0.1 -0.5 153,480 159,391 153,544 153,480 153,544 0.0

 Excluding defense:

 Shipments................................ 234,940 236,385 236,213 -0.6 0.1 -0.1 215,468 230,349 220,978 215,468 220,978 -2.5

 New Orders4

.............................. 232,301 224,133 228,461 3.6 -1.9 -0.6 215,717 221,979 221,068 215,717 221,068 -2.4

 Manufacturing with unfilled orders:

 Shipments................................ 174,618 174,228 173,649 0.2 0.3 -0.3 159,030 174,054 161,727 159,030 161,727 -1.7

 New Orders.............................. 174,732 174,398 166,755 0.2 4.6 -4.5 161,595 180,058 164,590 161,595 164,590 -1.8

 Primary metals:

 Shipments................................ 20,065 19,849 19,858 1.1 0.0 -0.9 19,796 17,817 20,974 19,796 20,974 -5.6

 New Orders.............................. 20,169 19,736 19,786 2.2 -0.3 -1.7 20,113 18,135 21,257 20,113 21,257 -5.4

 Fabricated metal products:

 Shipments................................ 33,798 33,654 33,859 0.4 -0.6 0.1 31,782 31,254 31,599 31,782 31,599 0.6

 New Orders.............................. 34,065 33,657 33,399 1.2 0.8 -0.9 32,940 30,519 33,165 32,940 33,165 -0.7

 Machinery:

 Shipments................................ 32,893 32,641 32,563 0.8 0.2 -1.4 29,620 33,207 29,874 29,620 29,874 -0.9

 New Orders.............................. 32,684 32,023 32,520 2.1 -1.5 -1.2 31,093 31,988 31,586 31,093 31,586 -1.6

 Computers and electronic products4:

 Shipments................................ 28,052 27,875 27,887 0.6 0.0 0.3 24,910 31,585 24,653 24,910 24,653 1.0

 New Orders.............................. 23,953 23,875 23,577 0.3 1.3 -0.1 20,808 28,291 20,240 20,808 20,240 2.8

 Computers and related products:

 Shipments................................ 1,914 1,769 1,893 8.2 -6.6 8.0 1,566 2,358 1,407 1,566 1,407 11.3

 New Orders.............................. 1,911 1,770 1,930 8.0 -8.3 8.2 1,563 2,359 1,447 1,563 1,447 8.0

 

 Communications equipment:

 Shipments................................ 3,956 4,000 3,816 -1.1 4.8 -0.2 3,160 5,338 3,006 3,160 3,006 5.1

 New Orders.............................. 3,923 4,126 3,812 -4.9 8.2 2.9 3,215 5,421 2,913 3,215 2,913 10.4

 Electrical equipment, appliances, 

 and components: 

 Shipments................................ 11,701 11,874 11,776 -1.5 0.8 2.3 10,469 11,693 10,318 10,469 10,318 1.5

 New Orders.............................. 11,772 11,934 11,912 -1.4 0.2 2.1 10,921 11,542 10,675 10,921 10,675 2.3

 Transportation equipment: 

 Shipments................................ 82,107 83,454 83,594 -1.6 -0.2 -0.2 74,146 81,330 79,508 74,146 79,508 -6.7

 New Orders.............................. 82,029 83,872 77,106 -2.2 8.8 -8.2 72,611 88,981 77,903 72,611 77,903 -6.8

 Motor vehicles and parts:

 Shipments................................ 58,758 59,193 59,286 -0.7 -0.2 0.8 54,789 53,346 56,896 54,789 56,896 -3.7

 New Orders.............................. 58,946 59,445 59,472 -0.8 0.0 1.6 55,130 54,522 57,161 55,130 57,161 -3.6 

 Nondefense aircraft and parts:

 Shipments................................ 7,805 9,849 9,379 -20.8 5.0 -6.4 6,173 12,603 10,265 6,173 10,265 -39.9

 New Orders.............................. 8,518 1,909 5,736 346.2 -66.7 -28.4 6,210 9,045 10,677 6,210 10,677 -41.8

 Defense aircraft and parts:

 Shipments................................ 4,722 3,781 4,126 24.9 -8.4 -5.3 3,605 4,520 3,987 3,605 3,987 -9.6

 New Orders.............................. 4,705 5,854 2,194 -19.6 166.8 -69.1 2,712 8,483 3,904 2,712 3,904 -30.5

 All other durable goods: 

 Shipments................................ 41,482 41,274 41,295 0.5 -0.1 -0.2 37,428 39,226 36,453 37,428 36,453 2.7

 New Orders.............................. 41,527 41,537 41,418 0.0 0.3 0.0 37,605 38,916 36,621 37,605 36,621 2.7

 Capital goods3:

 Shipments................................ 86,621 87,295 87,095 -0.8 0.2 -0.9 75,677 95,965 78,685 75,677 78,685 -3.8

 New Orders.............................. 84,027 83,548 78,985 0.6 5.8 -10.3 73,693 96,203 79,971 73,693 79,971 -7.9

 Nondefense capital goods:

 Shipments................................ 73,547 74,818 74,340 -1.7 0.6 -0.9 64,741 82,339 68,046 64,741 68,046 -4.9

 New Orders.............................. 72,653 64,649 68,898 12.4 -6.2 -4.9 64,827 74,312 69,988 64,827 69,988 -7.4

 Excluding aircraft:

 Shipments........................... 69,680 68,898 68,996 1.1 -0.1 -0.4 62,375 73,825 62,095 62,375 62,095 0.5

 New Orders.......................... 69,564 68,829 69,193 1.1 -0.5 0.0 64,543 72,318 63,635 64,543 63,635 1.4

 Defense capital goods:

 Shipments................................ 13,074 12,477 12,755 4.8 -2.2 -0.7 10,936 13,626 10,639 10,936 10,639 2.8

 New Orders.............................. 11,374 18,899 10,087 -39.8 87.4 -35.3 8,866 21,891 9,983 8,866 9,983 -11.2

r Revised data due to late receipts and concurrent seasonal adjustment. 

1 Estimates of shipments and new orders are for the duration of the period, while estimates of unfilled orders and total inventories are for the end of the period. Not seasonally adjusted estimates of 

shipments and new orders include adjusted data for non-calendar reporters. Seasonally adjusted estimates include concurrent adjustments for holiday and trading-day differences, where appropriate, 

as well as seasonal variation, based on the results of the latest annual review of the model parameters. Estimates are not adjusted for price changes. 

2 Based on advance sample. Estimates of manufacturers' shipments, inventories, and orders are subject to survey error and revision. One major component of survey error is nonsampling error, which includes errors of coverage, response and 

nonreporting. Since the survey panel is not a probability sample, estimates of sampling error cannot be calculated. For further details on survey design, methodology, and data limitations, see http://www.census.gov/manufacturing/m3. 

3

 The Capital Goods Industries include Nondefense : small arms and ordnance; farm machinery and equipment; construction machinery; mining, oil, and gas field machinery; industrial machinery; vending, laundry, and other machinery; photographic 

equipment; metalworking machinery; turbines and generators; other power transmission equipment; pumps and compressors; material handling equipment; all other machinery; electronic computers; computer storage devices; other computer 

peripheral equipment; communications equipment; search and navigation equipment; electromedical, measuring, and control instruments; electrical equipment; other electrical equipment, appliances, and components; heavy duty trucks; aircraft; 

railroad rolling stock; ships and boats; office and institutional furniture; and medical equipment and supplies. Defense Capital Goods include : small arms and ordnance, communications equipment, aircraft; missiles, space vehicles, and parts, ships and 

boats, and search and navigation equipment. 

4

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

orders exclude semiconductor industry data. 

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, January Advance Report, February 27, 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. Durable Goods Manufacturers' Unfilled Orders and Total Inventories 1

[Estimates are shown in millions of dollars and are based on data from the Manufacturers' Shipments, Inventories, and Orders Survey.]

Seasonally Adjusted Not Seasonally Adjusted 

Monthly Percent Change Monthly Percent

Item Change

Jan Dec Nov Dec - Nov - Oct - Jan Dec Jan 2020/

2020 2 2019 r 2019 Jan 2 Dec r Nov 2020 2 2019 r 2019 2019

DURABLE GOODS

 Total:

 Unfilled Orders4

......................... 1,157,012 1,156,898 1,156,728 0.0 0.0 -0.6 1,156,765 1,154,200 1,182,497 -2.2

 Total Inventories....................... 435,379 435,339 433,799 0.0 0.4 0.4 434,207 423,540 417,311 4.0

 Excluding transportation:

 Unfilled Orders4

......................... 368,255 368,063 368,311 0.1 -0.1 -0.1 365,791 361,691 367,525 -0.5

 Total Inventories....................... 284,159 284,413 284,326 -0.1 0.0 -0.1 283,395 277,304 284,695 -0.5

 Excluding defense:

 Unfilled Orders4

........................... 949,214 947,840 955,935 0.1 -0.8 -0.4 948,699 943,825 984,204 -3.6

 Total Inventories....................... 406,772 406,965 405,020 0.0 0.5 0.4 405,740 395,337 390,140 4.0

 Manufacturing with unfilled orders:

 Unfilled Orders......................... 1,157,012 1,156,898 1,156,728 0.0 0.0 -0.6 1,156,765 1,154,200 1,182,497 -2.2

 Total Inventories....................... 356,628 356,422 354,516 0.1 0.5 0.4 355,215 346,672 339,242 4.7

 Primary metals:

 Unfilled Orders......................... 31,961 31,857 31,970 0.3 -0.4 -0.2 31,758 31,441 31,386 1.2

 Total Inventories....................... 34,887 35,164 34,986 -0.8 0.5 0.5 35,026 34,946 36,790 -4.8

 Fabricated metal products:

 Unfilled Orders......................... 86,176 85,909 85,906 0.3 0.0 -0.5 84,679 83,521 85,130 -0.5

 Total Inventories....................... 54,082 53,618 53,793 0.9 -0.3 -0.8 54,055 52,571 54,787 -1.3

 Machinery: 

 Unfilled Orders......................... 101,222 101,431 102,049 -0.2 -0.6 0.0 101,209 99,736 105,512 -4.1

 Total Inventories....................... 71,050 71,510 71,621 -0.6 -0.2 -0.5 70,446 69,111 70,707 -0.4

 Computers and electronic products4

:

 Unfilled Orders......................... 118,581 118,667 118,510 -0.1 0.1 -0.1 118,478 117,955 117,425 0.9

 Total Inventories....................... 43,918 43,935 43,782 0.0 0.3 0.7 43,475 42,399 42,868 1.4

 Computers and related products:

 Unfilled Orders......................... 2,210 2,213 2,212 -0.1 0.0 1.7 2,210 2,213 2,235 -1.1

 Total Inventories....................... 3,881 3,962 3,872 -2.0 2.3 0.9 3,833 3,739 3,660 4.7 

 Communications equipment:

 Unfilled Orders......................... 25,193 25,226 25,100 -0.1 0.5 0.0 25,045 24,990 26,000 -3.7

 Total Inventories....................... 5,485 5,498 5,465 -0.2 0.6 -1.5 5,397 5,223 5,385 0.2

 Electrical equipment, appliances, 

 and components: 

 Unfilled Orders......................... 20,608 20,537 20,477 0.3 0.3 0.7 20,488 20,036 19,312 6.1

 Total Inventories....................... 20,464 20,373 20,377 0.4 0.0 -0.2 20,413 19,425 19,809 3.0

 Transportation equipment: 

 Unfilled Orders......................... 788,757 788,835 788,417 0.0 0.1 -0.8 790,974 792,509 814,972 -2.9

 Total Inventories....................... 151,220 150,926 149,473 0.2 1.0 1.3 150,812 146,236 132,616 13.7

 Motor vehicles and parts:

 Unfilled Orders......................... 26,391 26,203 25,951 0.7 1.0 0.7 26,515 26,174 27,457 -3.4

 Total Inventories....................... 38,818 38,839 39,013 -0.1 -0.4 0.1 39,050 37,362 37,924 3.0 

 Nondefense Aircraft and parts:

 Unfilled Orders......................... 566,369 565,656 573,596 0.1 -1.4 -0.6 567,943 567,906 598,600 -5.1

 Total Inventories....................... 82,154 82,138 80,073 0.0 2.6 2.2 81,644 79,216 66,613 22.6

 Defense Aircraft and parts: 

 Unfilled Orders......................... 85,740 85,757 83,684 0.0 2.5 -2.3 86,307 87,200 82,106 5.1

 Total Inventories....................... 13,601 13,473 13,445 1.0 0.2 -0.6 13,567 13,396 13,278 2.2

 All other durable goods: 

 Unfilled Orders......................... 9,707 9,662 9,399 0.5 2.8 1.3 9,179 9,002 8,760 4.8

 Total Inventories....................... 59,758 59,813 59,767 -0.1 0.1 0.1 59,980 58,852 59,734 0.4

 Capital goods3:

 Unfilled Orders......................... 833,820 836,414 840,161 -0.3 -0.4 -1.0 833,559 835,543 868,483 -4.0

 Total Inventories....................... 222,640 222,795 221,248 -0.1 0.7 0.6 220,909 215,673 204,597 8.0

 Nondefense capital goods:

 Unfilled Orders......................... 670,850 671,744 681,913 -0.1 -1.5 -0.8 670,379 670,293 711,362 -5.8

 Total Inventories....................... 198,539 198,911 196,925 -0.2 1.0 0.6 196,914 191,883 181,744 8.3

 Excluding aircraft: 

 Unfilled Orders.................... 217,825 217,941 218,010 -0.1 0.0 0.1 216,871 214,703 220,885 -1.8

 Total Inventories................... 129,607 129,976 129,575 -0.3 0.3 -0.2 128,379 125,873 127,120 1.0

 Defense capital goods:

 Unfilled Orders......................... 162,970 164,670 158,248 -1.0 4.1 -1.7 163,180 165,250 157,121 3.9

 Total Inventories....................... 24,101 23,884 24,323 0.9 -1.8 0.1 23,995 23,790 22,853 5.0

r Revised data due to late receipts and concurrent seasonal adjustment. 

1 Estimates of shipments and new orders are for the duration of the period, while estimates of unfilled orders and total inventories are for the end of the period. Not seasonally adjusted estimates of shipments and 

new orders include adjusted data for non-calendar reporters. Seasonally adjusted estimates include concurrent adjustments for holiday and trading-day differences, where appropriate, as well as seasonal variation, 

based on the results of the latest annual review of the model parameters. Estimates are not adjusted for price changes. 

2

 Based on advance sample. Estimates of manufacturers' shipments, inventories, and orders are subject to survey error and revision. One major component of survey error is nonsampling error, which includes errors 

of coverage, response and nonreporting. Since the survey panel is not a probability sample, estimates of sampling error cannot be calculated. For further details on survey design, methodology, and data limitations, 

see http://www.census.gov/manufacturing/m3. 

3

 The Capital Goods Industries include Nondefense : small arms and ordnance; farm machinery and equipment; construction machinery; mining, oil, and gas field machinery; industrial machinery; vending, laundry, 

and other machinery; photographic equipment; metalworking machinery; turbines and generators; other power transmission equipment; pumps and compressors; material handling equipment; all other machinery; 

electronic computers; computer storage devices; other computer peripheral equipment; communications equipment; search and navigation equipment; electromedical, measuring, and control instruments; 

electrical equipment; other electrical equipment, appliances, and components; heavy duty trucks; aircraft; railroad rolling stock; ships and boats; office and institutional furniture; and medical equipment and 

supplies. Defense Capital Goods include : small arms and ordnance, communications equipment, aircraft; missiles, space vehicles, and parts, ships and boats, and search and navigation equipment. 

4

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

changes for new orders and unfilled orders exclude semiconductor industry data. 

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, January Advance Report, February 27, 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>.