Table 6. Value of Manufacturers' Inventories, by Stage of Fabrication, by Industry Group1 

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 Percent

Industry Change

Mar. Feb. Jan. Feb. - Jan. - Dec. - Mar. Feb. Jan. Mar. Mar.

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

2022

MATERIALS AND SUPPLIES

 All manufacturing industries....................... 316,788 317,245 318,076 -0.1 -0.3 -0.1 316,297 317,212 318,553 305,716 3.5

 Durable goods industries.......................... 196,750 196,519 196,709 0.1 -0.1 0.4 196,210 196,194 196,896 186,796 5.0

 Wood products................................... 7,813 7,756 7,789 0.7 -0.4 0.7 7,844 7,950 7,985 7,748 1.2

 Nonmetallic mineral products............... 7,707 7,715 7,655 -0.1 0.8 1.2 7,746 7,750 7,640 6,851 13.1

 Primary metals.............................. 19,257 18,925 18,828 1.8 0.5 0.4 18,986 18,851 18,792 18,893 0.5

 Fabricated metal products.................. 24,578 24,592 24,783 -0.1 -0.8 -1.0 24,505 24,519 24,864 25,718 -4.7

 Machinery.......................................... 40,229 40,374 40,389 -0.4 0.0 1.0 40,277 40,159 40,222 36,185 11.3

 Computers and electronic products........ 26,416 26,392 26,351 0.1 0.2 0.8 25,993 26,206 26,296 23,911 8.7

 Electrical equipment, appliances,

 and components........................... 12,660 12,553 12,491 0.9 0.5 0.0 12,706 12,689 12,596 11,322 12.2

 Transportation equipment................. 42,824 43,025 43,306 -0.5 -0.6 0.1 43,033 42,983 43,316 41,765 3.0

 Furniture and related products........... 5,435 5,396 5,372 0.7 0.4 0.4 5,446 5,438 5,461 5,170 5.3

 Miscellaneous products....................... 9,831 9,791 9,745 0.4 0.5 1.7 9,674 9,649 9,724 9,233 4.8

 Nondurable goods industries..................... 120,038 120,726 121,367 -0.6 -0.5 -0.8 120,087 121,018 121,657 118,920 1.0

 Food products.................................... 26,627 26,605 26,633 0.1 -0.1 0.5 26,375 26,645 26,843 25,530 3.3

 Beverage and tobacco products................ 6,391 6,285 6,392 1.7 -1.7 -1.2 6,513 6,469 6,690 6,436 1.2

 Textiles.............................................. 1,454 1,456 1,454 -0.1 0.1 -0.2 1,450 1,449 1,451 1,398 3.7

 Textile products................................... 1,732 1,717 1,717 0.9 0.0 -0.3 1,722 1,723 1,736 1,666 3.4

 Apparel............................................. 616 618 631 -0.3 -2.1 -0.5 597 602 627 600 -0.5

 Leather and allied products................ 406 408 421 -0.5 -3.1 -0.9 399 401 419 357 11.8

 Paper products.................................... 9,725 9,736 9,722 -0.1 0.1 0.0 9,671 9,797 9,804 9,292 4.1

 Printing ............................................. 3,607 3,695 3,706 -2.4 -0.3 -2.1 3,589 3,701 3,712 3,659 -1.9

 Petroleum and coal products............... 14,138 14,659 15,222 -3.6 -3.7 -3.0 14,120 14,323 14,621 15,266 -7.5

 Chemical products.......................... 39,685 39,776 39,756 -0.2 0.1 -1.2 40,019 40,046 39,939 39,295 1.8

 Plastics and rubber products............ 15,657 15,771 15,713 -0.7 0.4 0.0 15,632 15,862 15,815 15,421 1.4

WORK IN PROCESS

 All manufacturing industries....................... 237,974 243,029 242,946 -2.1 0.0 -0.1 237,754 242,729 240,402 236,408 0.6

 Durable goods industries.......................... 174,134 178,575 178,632 -2.5 0.0 -0.7 174,002 178,411 176,860 177,176 -1.8

 Wood products................................... 1,843 1,855 1,860 -0.6 -0.3 -11.5 1,891 1,902 1,897 2,211 -14.5

 Nonmetallic mineral products............... 1,643 1,634 1,621 0.6 0.8 -0.9 1,699 1,679 1,628 1,632 4.1

 Primary metals.............................. 12,482 12,917 13,044 -3.4 -1.0 -1.6 12,509 12,957 12,933 13,210 -5.3

 Fabricated metal products.................. 16,777 16,728 16,791 0.3 -0.4 1.3 16,879 16,759 16,723 15,749 7.2

 Machinery.......................................... 24,816 24,250 24,068 2.3 0.8 -2.3 25,186 24,521 23,629 23,374 7.8

 Computers and electronic products........ 13,928 14,093 14,231 -1.2 -1.0 -1.4 13,934 14,304 14,449 15,188 -8.3

 Electrical equipment, appliances,

 and components.............................. 4,528 4,530 4,507 0.0 0.5 -3.8 4,538 4,566 4,483 4,457 1.8

 Transportation equipment.................. 91,868 96,337 96,223 -4.6 0.1 -0.1 91,193 95,502 94,875 95,528 -4.5

 Furniture and related products............ 1,464 1,472 1,518 -0.5 -3.0 -0.6 1,445 1,482 1,536 1,432 0.9

 Miscellaneous products..................... 4,785 4,759 4,769 0.5 -0.2 -1.2 4,728 4,739 4,707 4,395 7.6

 Nondurable goods industries..................... 63,840 64,454 64,314 -1.0 0.2 1.7 63,752 64,318 63,542 59,232 7.6

 Food products.................................... 7,951 7,950 7,811 0.0 1.8 0.4 7,793 8,164 8,136 7,841 -0.6

 Beverage and tobacco products................ 11,024 10,863 10,742 1.5 1.1 -0.3 11,026 11,085 11,093 10,529 4.7

 Textiles.............................................. 587 583 588 0.7 -0.9 -3.9 582 582 587 620 -6.1

 Textile products................................... 473 470 479 0.6 -1.9 -1.2 473 479 488 481 -1.7

 Apparel............................................. 275 274 278 0.4 -1.4 -2.5 269 267 271 261 3.1

 Leather and allied products................ 133 132 127 0.8 3.9 -1.6 137 134 128 139 -1.4

 Paper products.................................... 1,655 1,653 1,644 0.1 0.5 0.4 1,652 1,639 1,635 1,668 -1.0

 Printing ............................................. 1,153 1,177 1,197 -2.0 -1.7 -2.4 1,132 1,181 1,184 1,325 -14.6

 Petroleum and coal products................ 16,707 17,469 17,995 -4.4 -2.9 1.9 16,942 17,090 16,705 13,883 22.0

 Chemical products............................ 20,028 20,003 19,592 0.1 2.1 4.6 19,863 19,771 19,451 18,488 7.4

 Plastics and rubber products............... 3,854 3,880 3,861 -0.7 0.5 -1.2 3,883 3,926 3,864 3,997 -2.9

FINISHED GOODS

 All manufacturing industries....................... 298,970 299,569 299,337 -0.2 0.1 0.5 299,704 301,759 298,496 294,284 1.8

 Durable goods industries.......................... 146,098 146,607 145,938 -0.3 0.5 1.0 146,862 149,032 145,800 141,122 4.1

 Wood products................................... 6,522 6,636 6,677 -1.7 -0.6 1.2 6,842 6,914 6,803 6,976 -1.9

 Nonmetallic mineral products............... 7,515 7,546 7,589 -0.4 -0.6 -0.4 7,676 7,726 7,627 7,326 4.8

 Primary metals................................. 14,858 14,975 14,987 -0.8 -0.1 -0.2 15,138 15,355 15,403 15,102 0.2

 Fabricated metal products.................. 23,455 23,400 23,355 0.2 0.2 -0.2 23,680 23,630 23,269 22,752 4.1

 Machinery.......................................... 28,854 28,961 28,752 -0.4 0.7 2.0 29,393 29,610 28,587 26,214 12.1

 Computers and electronic products........ 14,924 14,869 14,876 0.4 0.0 -1.1 14,553 14,904 14,705 14,057 3.5

 Electrical equipment, appliances,

 and components.............................. 8,860 8,792 8,762 0.8 0.3 0.4 8,984 9,024 8,815 8,579 4.7

 Transportation equipment.................. 24,376 24,586 24,097 -0.9 2.0 4.7 24,031 25,050 23,832 23,515 2.2

 Furniture and related products............ 3,618 3,641 3,664 -0.6 -0.6 -1.8 3,499 3,592 3,661 3,505 -0.2

 Miscellaneous products..................... 13,116 13,201 13,179 -0.6 0.2 -0.3 13,066 13,227 13,098 13,096 -0.2

 Nondurable goods industries.................... 152,872 152,962 153,399 -0.1 -0.3 0.0 152,842 152,727 152,696 153,162 -0.2

 Food products.................................... 38,010 37,875 37,967 0.4 -0.2 0.4 37,617 37,975 37,723 35,119 7.1

 Beverage and tobacco products................ 13,991 13,924 13,849 0.5 0.5 0.3 13,974 13,966 13,667 13,474 3.7

 Textiles.............................................. 1,583 1,580 1,583 0.2 -0.2 -1.6 1,570 1,585 1,604 1,483 5.9

 Textile products................................... 1,599 1,618 1,635 -1.2 -1.0 -2.2 1,594 1,638 1,656 1,685 -5.4

 Apparel............................................. 1,401 1,393 1,393 0.6 0.0 -1.2 1,306 1,329 1,347 1,029 26.9

 Leather and allied products................ 782 785 784 -0.4 0.1 -3.6 763 767 786 603 26.5

 Paper products.................................... 7,051 7,050 7,006 0.0 0.6 -0.3 7,039 7,105 7,038 7,004 0.5

 Printing ............................................. 2,226 2,229 2,228 -0.1 0.0 4.7 2,214 2,219 2,209 2,048 8.1

 Petroleum and coal products................ 16,803 17,895 18,492 -6.1 -3.2 3.6 16,572 16,993 18,171 21,380 -22.5

 Chemical products.......................... 54,091 53,623 53,486 0.9 0.3 -1.2 54,647 53,969 53,508 54,666 0.0

 Plastics and rubber products............... 15,335 14,990 14,976 2.3 0.1 -1.1 15,546 15,181 14,987 14,671 6.0

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. 

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).