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FOR RELEASE AT 8:30 AM EDT, WEDNESDAY, MARCH 25, 2020

MONTHLY ADVANCE REPORT ON DURABLE GOODS MANUFACTURERS’ SHIPMENTS, 

INVENTORIES AND ORDERS FEBRUARY 2020

Release Number: CB 20-47 M3-1 (20)-02

March 25, 2020 — The U.S. Census Bureau announces the February advance report on durable goods 

manufacturers’ shipments, inventories and orders:

New Orders

New orders for manufactured durable goods in February increased $2.9 billion or 1.2 percent to $249.4

billion, the U.S. Census Bureau announced today. This increase, up four of the last five months, followed a 

0.1 percent January increase. Excluding transportation, new orders decreased 0.6 percent. Excluding 

defense, new orders increased 0.1 percent. Transportation equipment, up two of the last three months,

drove the increase, $3.8 billion or 4.6 percent to $87.0 billion.

Shipments

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

decreases, increased $2.1 billion or 0.8 percent to $252.3 billion. This followed a 0.1 percent January

decrease. Transportation equipment, also up following seven consecutive monthly decreases, drove the 

increase, $2.4 billion or 2.9 percent to $85.0 billion.

DURABLE GOODS – NEW ORDERS

FEBRUARY 2020 $249.4 billion +1.2%°

JANUARY 2020

(revised) $246.5 billion +0.1%°

Next release: April 24, 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, March 25, 

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 Feb-20

% Change -2.6% 1.7% -2.8% -2.3% 1.8% 2.1% 0.2% -1.5% 0.2% -3.1% 2.8% 0.1% 1.2%

-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, 

March 25, 2020.
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Unfilled Orders

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

$1.4 billion or 0.1 percent to $1,158.6 billion. This followed a virtually unchanged January increase. 

Transportation equipment, up seven of the last eight months, drove the increase, $1.9 billion or 0.2

percent to $791.3 billion.

Inventories

Inventories of manufactured durable goods in February, up seventeen of the last eighteen months, 

increased $0.1 billion or virtually unchanged to $434.9 billion. This followed a 0.1 percent January

decrease. Transportation equipment, up nineteen of the last twenty months, drove the increase, $0.6

billion or 0.4 percent to $151.7 billion. 

Capital Goods

Nondefense new orders for capital goods in February increased $0.4 billion or 0.5 percent to $73.1 billion. 

Shipments increased $1.0 billion or 1.3 percent to $74.3 billion. Unfilled orders decreased $1.2 billion or 

0.2 percent to $670.0 billion. Inventories increased $0.2 billion or 0.1 percent to $198.3 billion. Defense 

new orders for capital goods in February increased $3.1 billion or 25.7 percent to $15.2 billion. Shipments

decreased $0.2 billion or 1.5 percent to $13.1 billion. Unfilled orders increased $2.1 billion or 1.3 percent 

to $165.6 billion. Inventories decreased less than $0.1 billion or virtually unchanged to $24.1 billion.

Revised January Data

Revised seasonally adjusted January figures for all manufacturing industries were: new orders, $498.5

billion (revised from $497.9 billion); shipments, $502.1 billion (revised from $501.8 billion); unfilled orders, 

$1,157.3 billion (revised from $1,157.0 billion) and total inventories, $702.9 billion (revised from $703.4

billion).

Revised and more detailed estimates, plus nondurable goods data, will be published on April 2, 2020, at

10:00 a.m. EDT. The Advance Report on durable goods for March is scheduled for release on April 24,

2020 at 8:30 a.m. EDT. View the full schedule in the Economic Briefing Room:

<www.census.gov/economic-indicators/> The full text and tables of this release can be found at

www.census.gov/m3>.
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EXPLANATORY NOTES

Figures in text are adjusted for seasonality, but not for inflation. Figures on new and unfilled orders 

exclude data for semiconductor manufacturing. 

“Virtually unchanged” indicates that the change is less than 0.05 percent for a percent increase or 

decrease.

Description of the survey

This report is compiled from results of the U.S. Census Bureau’s Manufacturers’ Shipments, Inventories, 

and Orders (M3) survey, which is a voluntary survey authorized by Title 13 of the United States Code. This 

survey provides statistics on a calendar-month basis for manufacturers' value of shipments, new orders 

(net of cancellations), end-of-month order backlog (unfilled orders), end-of-month total inventory (at 

current cost or market value), and inventories by stage of fabrication (materials and supplies, work-inprocess, and finished goods). Data published from the M3 survey are based on a panel of approximately 

5,000 reporting units that represent approximately 3,100 companies and provide an indication of monthto-month change for the Manufacturing Sector. These reporting units may be divisions of diversified large 

companies, large homogenous companies, or single-unit manufacturers in 92 industry categories, which 

are combined into 65 publication levels due to the small monthly panel size. The survey methodology 

assumes that the month-to-month changes of the total operations of the reporting units in the M3 panel 

effectively represent the month-to-month movements of all establishments that make up the category. 

The companies for which shipments data are currently reported or imputed in the M3 survey represent 

approximately 64 percent of the total value of shipments for manufacturing establishments in the 2012 

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

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

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

shipments for manufacturing establishments in the 2012 Economic Census. Statistics based on the M3 

panel differ from the results that would be obtained from a complete enumeration of all manufacturing 

companies. The M3 panel is not based on a probability sample; therefore, the sampling errors that are 

normally provided with sample surveys cannot be measured. Nonsampling errors are attributable to many 

sources. The use of company or divisional reports to estimate the monthly change for establishments is 

one source of nonsampling error. The use of primarily large companies to represent the month-to-month 

movement of all companies is another potential source. Any corrections will be published in the full 

report. Corrections received after the full report will be released in the next month’s advance report. Any 
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revisions made later than two months will be reflected in the annual benchmark publication. Additional 

survey documentation can be found on our web site: 

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

BENCHMARK NOTICE

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

issued on May 15, 2020. These revisions result from

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

2017 NAICS basis;

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

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

Economic Census data and 2016 ASM shipments data;

• adjusting the new orders data to be consistent with the benchmarked shipments and unfilled 

orders data;

• correcting monthly data for late receipts, reclassifications of reported data, and revisions to 

previously reported data;

• updating the seasonally adjusted data based on the results of benchmarking and the recent 

annual review of the seasonal adjustment models. 

These revisions will span the seasonally adjusted data for January 2007 through March 2020 and the data 

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

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

any questions.

RESOURCES

API

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

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

before.

<www.census.gov/developers/>
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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

Feb Jan Dec Jan - Dec- Nov - Feb Jan Feb Change

2020 22020 r 2019 Feb 2 Jan r Dec 2020 22020 r 2019 2020 2019 2020/2019

DURABLE GOODS

 Total:

 Shipments................................ 252,329 250,214 250,345 0.8 -0.1 -0.2 241,740 228,116 241,918 469,856 475,297 -1.1

 New Orders4.............................. 249,409 246,541 246,375 1.2 0.1 2.8 242,197 226,252 235,046 468,449 466,493 0.4

 Excluding transportation:

 Shipments................................ 167,306 167,591 166,846 -0.2 0.4 -0.2 158,178 153,747 156,155 311,925 310,026 0.6

 New Orders4.............................. 162,455 163,407 162,457 -0.6 0.6 -0.1 156,747 153,300 155,063 310,047 308,607 0.5

 Excluding defense:

 Shipments................................ 237,268 234,851 236,109 1.0 -0.5 0.0 226,955 215,277 228,193 442,232 449,171 -1.5

 New Orders4.............................. 232,214 232,029 223,874 0.1 3.6 -2.0 224,752 215,697 223,036 440,449 444,104 -0.8

 Manufacturing with unfilled orders:

 Shipments................................ 175,382 174,692 173,980 0.4 0.4 0.2 167,416 159,004 167,096 326,420 328,823 -0.7

 New Orders.............................. 176,743 175,057 174,167 1.0 0.5 4.4 171,885 161,769 164,269 333,654 328,859 1.5

 Primary metals:

 Shipments................................ 20,137 20,136 19,866 0.0 1.4 0.0 19,864 19,889 20,466 39,753 41,440 -4.1

 New Orders.............................. 20,045 20,235 19,760 -0.9 2.4 -0.1 20,503 20,273 21,275 40,776 42,532 -4.1

 Fabricated metal products:

 Shipments................................ 33,753 33,692 33,530 0.2 0.5 -1.0 32,240 31,671 31,704 63,911 63,303 1.0

 New Orders.............................. 33,276 33,690 33,499 -1.2 0.6 0.3 32,559 32,791 32,565 65,350 65,730 -0.6

 Machinery:

 Shipments................................ 32,293 32,686 32,528 -1.2 0.5 -0.1 31,202 29,419 31,767 60,621 61,641 -1.7

 New Orders.............................. 32,382 32,556 31,954 -0.5 1.9 -1.7 32,140 30,989 32,264 63,129 63,850 -1.1

 Computers and electronic products4:

 Shipments................................ 27,868 27,852 27,855 0.1 0.0 -0.1 25,325 24,769 24,733 50,094 49,386 1.4

 New Orders.............................. 23,475 23,663 23,844 -0.8 -0.8 1.1 21,596 20,626 21,097 42,222 41,337 2.1

 Computers and related products:

 Shipments................................ 1,839 1,848 1,766 -0.5 4.6 -6.7 1,412 1,510 1,364 2,922 2,771 5.4

 New Orders.............................. 1,834 1,845 1,767 -0.6 4.4 -8.4 1,407 1,507 1,356 2,914 2,803 4.0

 

 Communications equipment:

 Shipments................................ 3,884 3,880 3,986 0.1 -2.7 4.5 3,295 3,084 3,161 6,379 6,167 3.4

 New Orders.............................. 3,665 3,798 4,108 -3.5 -7.5 7.8 3,346 3,136 3,308 6,482 6,221 4.2

 Electrical equipment, appliances, 

 and components: 

 Shipments................................ 11,858 11,679 11,802 1.5 -1.0 0.2 11,087 10,425 10,549 21,512 20,867 3.1

 New Orders.............................. 11,903 11,755 11,879 1.3 -1.0 -0.3 11,269 10,940 10,767 22,209 21,442 3.6

 Transportation equipment: 

 Shipments................................ 85,023 82,623 83,499 2.9 -1.0 -0.1 83,562 74,369 85,763 157,931 165,271 -4.4

 New Orders.............................. 86,954 83,134 83,918 4.6 -0.9 8.8 85,450 72,952 79,983 158,402 157,886 0.3

 Motor vehicles and parts:

 Shipments................................ 60,106 58,985 59,246 1.9 -0.4 -0.1 60,667 54,909 61,245 115,576 118,141 -2.2

 New Orders.............................. 60,256 59,189 59,499 1.8 -0.5 0.0 61,691 55,270 62,138 116,961 119,299 -2.0

 

 Nondefense aircraft and parts:

 Shipments................................ 9,187 7,818 9,849 17.5 -20.6 5.0 7,627 6,178 11,136 13,805 21,401 -35.5

 New Orders.............................. 8,695 8,719 1,909 -0.3 356.7 -66.7 5,659 6,311 6,336 11,970 17,013 -29.6

 Defense aircraft and parts:

 Shipments................................ 4,288 4,710 3,781 -9.0 24.6 -8.4 3,780 3,607 4,021 7,387 8,008 -7.8

 New Orders.............................. 3,812 4,479 5,854 -14.9 -23.5 166.8 2,470 2,739 3,218 5,209 7,122 -26.9

 All other durable goods: 

 Shipments................................ 41,397 41,546 41,265 -0.4 0.7 -0.1 38,460 37,574 36,936 76,034 73,389 3.6

 New Orders.............................. 41,374 41,508 41,521 -0.3 0.0 0.2 38,680 37,681 37,095 76,361 73,716 3.6

 Capital goods3:

 Shipments................................ 87,361 86,601 87,090 0.9 -0.6 0.0 82,033 75,609 83,351 157,642 162,036 -2.7

 New Orders.............................. 88,283 84,803 83,383 4.1 1.7 5.6 84,383 73,921 77,744 158,304 157,715 0.4

 Nondefense capital goods:

 Shipments................................ 74,274 73,315 74,613 1.3 -1.7 0.4 69,020 64,519 71,362 133,539 139,408 -4.2

 New Orders.............................. 73,107 72,726 64,484 0.5 12.8 -6.4 68,246 64,901 67,519 133,147 137,507 -3.2

 Excluding aircraft:

 Shipments........................... 68,922 69,425 68,693 -0.7 1.1 -0.4 65,015 62,149 64,401 127,164 126,496 0.5

 New Orders.......................... 68,775 69,328 68,664 -0.8 1.0 -0.8 66,541 64,526 65,556 131,067 129,191 1.5

 Defense capital goods:

 Shipments................................ 13,087 13,286 12,477 -1.5 6.5 -2.2 13,013 11,090 11,989 24,103 22,628 6.5

 New Orders.............................. 15,176 12,077 18,899 25.7 -36.1 87.4 16,137 9,020 10,225 25,157 20,208 24.5

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, February Advance Report, March 25, 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

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

2020 2 2020 r 2019 Feb 2Jan r Dec 2020 2 2020 r 2019 2019

DURABLE GOODS

 Total:

 Unfilled Orders4......................... 1,158,641 1,157,280 1,156,915 0.1 0.0 0.0 1,161,408 1,156,939 1,179,670 -1.5

 Total Inventories....................... 434,881 434,768 435,295 0.0 -0.1 0.3 437,400 433,952 422,636 3.5

 Excluding transportation:

 Unfilled Orders4......................... 367,363 367,933 368,079 -0.2 0.0 -0.1 368,433 365,852 370,478 -0.6

 Total Inventories....................... 283,164 283,652 284,360 -0.2 -0.2 0.0 284,909 282,982 287,212 -0.8

 Excluding defense:

 Unfilled Orders4........................... 948,300 949,073 947,857 -0.1 0.1 -0.8 950,657 948,848 983,092 -3.3

 Total Inventories....................... 406,285 406,174 406,905 0.0 -0.2 0.5 408,892 405,526 395,279 3.4

 Manufacturing with unfilled orders:

 Unfilled Orders......................... 1,158,641 1,157,280 1,156,915 0.1 0.0 0.0 1,161,408 1,156,939 1,179,670 -1.5

 Total Inventories....................... 356,652 356,192 356,363 0.1 0.0 0.5 357,831 354,960 343,301 4.2

 Primary metals:

 Unfilled Orders......................... 31,871 31,963 31,864 -0.3 0.3 -0.3 32,464 31,825 32,195 0.8

 Total Inventories....................... 35,127 34,976 35,139 0.4 -0.5 0.4 35,271 34,989 36,724 -4.0

 Fabricated metal products:

 Unfilled Orders......................... 85,396 85,873 85,875 -0.6 0.0 0.0 84,960 84,641 85,991 -1.2

 Total Inventories....................... 53,941 54,028 53,680 -0.2 0.6 -0.2 54,161 54,042 55,094 -1.7

 Machinery: 

 Unfilled Orders......................... 101,434 101,345 101,475 0.1 -0.1 -0.6 102,251 101,313 106,009 -3.5

 Total Inventories....................... 70,848 70,969 71,464 -0.2 -0.7 -0.2 71,164 70,375 71,498 -0.5

 Computers and electronic products4:

 Unfilled Orders......................... 118,393 118,505 118,656 -0.1 -0.1 0.1 118,719 118,436 117,834 0.8

 Total Inventories....................... 43,381 43,692 43,909 -0.7 -0.5 0.3 43,675 43,335 43,626 0.1

 Computers and related products:

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

 Total Inventories....................... 3,714 3,775 3,944 -1.6 -4.3 1.9 3,829 3,732 3,978 -3.7

 

 Communications equipment:

 Unfilled Orders......................... 24,921 25,140 25,222 -0.9 -0.3 0.5 25,088 25,037 26,147 -4.1

 Total Inventories....................... 5,455 5,454 5,490 0.0 -0.7 0.5 5,502 5,355 5,547 -0.8

 Electrical equipment, appliances, 

 and components: 

 Unfilled Orders......................... 20,675 20,630 20,554 0.2 0.4 0.4 20,710 20,528 19,530 6.0

 Total Inventories....................... 20,279 20,314 20,346 -0.2 -0.2 -0.2 20,425 20,259 20,261 0.8

 Transportation equipment: 

 Unfilled Orders......................... 791,278 789,347 788,836 0.2 0.1 0.1 792,975 791,087 809,192 -2.0

 Total Inventories....................... 151,717 151,116 150,935 0.4 0.1 1.0 152,491 150,970 135,424 12.6

 Motor vehicles and parts:

 Unfilled Orders......................... 26,558 26,408 26,204 0.6 0.8 1.0 27,554 26,530 28,350 -2.8

 Total Inventories....................... 38,894 38,882 38,847 0.0 0.1 -0.4 39,354 39,205 38,428 2.4

 

 Nondefense Aircraft and parts:

 Unfilled Orders......................... 566,065 566,557 565,656 -0.1 0.2 -1.4 566,071 568,039 593,800 -4.7

 Total Inventories....................... 82,440 81,939 82,138 0.6 -0.2 2.6 82,840 81,657 68,686 20.6

 Defense Aircraft and parts: 

 Unfilled Orders......................... 85,050 85,526 85,757 -0.6 -0.3 2.5 85,022 86,332 81,303 4.6

 Total Inventories....................... 13,666 13,585 13,473 0.6 0.8 0.2 13,670 13,554 13,362 2.3

 All other durable goods: 

 Unfilled Orders......................... 9,594 9,617 9,655 -0.2 -0.4 2.7 9,329 9,109 8,919 4.6

 Total Inventories....................... 59,588 59,673 59,822 -0.1 -0.2 0.1 60,213 59,982 60,009 0.3

 Capital goods3:

 Unfilled Orders......................... 835,578 834,656 836,454 0.1 -0.2 -0.4 836,176 833,826 862,876 -3.1

 Total Inventories....................... 222,446 222,223 222,701 0.1 -0.2 0.7 222,849 220,641 207,696 7.3

 Nondefense capital goods:

 Unfilled Orders......................... 670,028 671,195 671,784 -0.2 -0.1 -1.5 669,872 670,646 707,519 -5.3

 Total Inventories....................... 198,343 198,119 198,801 0.1 -0.3 1.0 198,838 196,674 184,726 7.6

 Excluding aircraft: 

 Unfilled Orders.................... 217,737 217,884 217,981 -0.1 0.0 0.0 218,577 217,051 222,040 -1.6

 Total Inventories................... 129,002 129,300 129,866 -0.2 -0.4 0.2 129,326 128,127 128,694 0.5

 Defense capital goods:

 Unfilled Orders......................... 165,550 163,461 164,670 1.3 -0.7 4.1 166,304 163,180 155,357 7.0

 Total Inventories....................... 24,103 24,104 23,900 0.0 0.9 -1.7 24,011 23,967 22,970 4.5

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, February Advance Report, March 25, 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>.