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FOR RELEASE AT 8:30 AM EDT, FRIDAY, AUGUST 24, 2018 

MONTHLY ADVANCE REPORT ON MANUFACTURERS’ SHIPMENTS, 

INVENTORIES AND ORDERS JULY 2018 

Release Number: CB 18-118 M3-1 (18)-07 

August 24, 2018 — The U.S. Census Bureau announces the July advance report on manufacturers’ 

shipments, inventories and orders: 

New Orders 

New orders for manufactured durable goods in July decreased $4.3 billion or 1.7 percent to $246.9 billion, 

the U.S. Census Bureau announced today. This decrease, down three of the last four months, followed a 0.7 

percent June increase. Excluding transportation, new orders increased 0.2 percent. Excluding defense, new 

orders decreased 1.0 percent. Transportation equipment, also down three of the last four months, drove the 

decrease, $4.6 billion or 5.3 percent to $82.8 billion. 

Shipments 

Shipments of manufactured durable goods in July, down following two consecutive monthly increases, 

decreased $0.5 billion or 0.2 percent to $250.8 billion. This followed a 1.6 percent June increase. 

Transportation equipment, down three of the last four months, drove the decrease, $1.6 billion or 1.9 percent 

to $83.9 billion. 

Unfilled Orders 

Unfilled orders for manufactured durable goods in July, up eight of the last nine months, increased $0.1 

billion or virtually unchanged to $1,164.7 billion. This followed a 0.3 percent June increase. Computers 

DURABLE GOODS – NEW ORDERS

JULY 2018 $246.9 billion             ‐1.7%°   

JUNE 2018  

(revised) $251.1 billion             +0.7%°

Next release: September 27, 2018

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, 

August 24, 2018.

Aug-17 Sep-17 Oct-17 Nov-17 Dec-17 Jan-18 Feb-18 Mar-18 Apr-18 May-18 Jun-18 Jul-18

% Change 2.7% 4.7% -4.1% 2.2% 3.2% -4.2% 4.5% 2.7% -1.0% -0.3% 0.7% -1.7%

-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 2017-2018

Seasonally Adjusted, Month-To-Month Percentage Change

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

August 24, 2018.
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and electronic products, up five consecutive months, drove the increase, $0.3 billion or 0.3 percent to $115.3 

billion. 

Inventories 

Inventories of manufactured durable goods in July, up eighteen of the last nineteen months, increased $5.0 

billion or 1.3 percent to $408.3 billion. This followed a virtually unchanged June decrease. Transportation 

equipment, up three of the last four months, led the increase, $4.4 billion or 3.5 percent to $131.3 billion. 

Capital Goods 

Nondefense new orders for capital goods in July decreased $3.6 billion or 4.6 percent to $74.7 billion. 

Shipments decreased $3.3 billion or 4.2 percent to $74.9 billion. Unfilled orders decreased $0.2 billion or 

virtually unchanged to $714.0 billion. Inventories increased $3.8 billion or 2.2 percent to $178.6 billion. 

Defense new orders for capital goods in July decreased $0.9 billion or 8.0 percent to $10.8 billion. 

Shipments decreased $0.1 billion or 0.7 percent to $11.4 billion. Unfilled orders decreased $0.5 billion or 

0.4 percent to $147.0 billion. Inventories increased less than $0.1 billion or virtually unchanged to $22.9 

billion. 

Revised June Data

Revised seasonally adjusted June figures for all manufacturing industries were: new orders, $501.4 billion 

(revised from $501.7 billion); shipments, $501.6 billion (revised from $501.4 billion); unfilled orders, 

$1,164.7 billion (revised from $1,165.2 billion) and total inventories, $669.6 billion (revised from $669.3 

billion). 

Revised and more detailed estimates, plus nondurable goods data, will be published on September 6, 2018, 

at 10:00 a.m. EDT. The Advance Report on durable goods for August is scheduled for release on 

September 27, 2018 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>. 

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. 
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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-tomonth changes of the total operations of the reporting units in the M3 panel effectively represent the monthto-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 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>. 

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/>. Also, monthly data 

for the Advance report are available in the Census Application Programming Interface (API). 

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

Jul Jun May Jun - May - Apr - Jul Jun Jul Change

2018 2 2018 r 2018 Jul 2 Jun r May 2018 2 2018 r 2017 2018 2017 2018/2017

DURABLE GOODS

 Total: 

 Shipments................................ 250,786 251,314 247,423 -0.2 1.6 0.2 231,745 269,297 212,315 1,715,809 1,602,399 7.1

 New Orders4

.............................. 246,852 251,105 249,374 -1.7 0.7 -0.3 226,193 271,700 205,133 1,721,712 1,585,588 8.6

 Excluding transportation:

 Shipments................................ 166,879 165,815 165,192 0.6 0.4 0.5 161,404 177,161 146,613 1,141,062 1,056,726 8.0

 New Orders

4

.............................. 164,026 163,675 163,506 0.2 0.1 0.3 157,590 173,331 144,134 1,134,200 1,047,910 8.2

 Excluding defense:

 Shipments................................ 237,316 237,964 233,883 -0.3 1.7 0.3 219,945 254,838 201,617 1,626,218 1,520,661 6.9

 New Orders4

.............................. 233,879 236,217 233,318 -1.0 1.2 -1.4 216,205 251,692 194,504 1,628,480 1,506,462 8.1

 Manufacturing with unfilled orders:

 Shipments................................ 172,993 175,285 173,946 -1.3 0.8 1.4 161,207 189,590 149,180 1,195,496 1,112,209 7.5

 New Orders.............................. 173,059 179,202 180,025 -3.4 -0.5 0.9 159,676 195,657 145,951 1,227,828 1,122,006 9.4

 Primary metals:

 Shipments................................ 21,575 21,393 21,290 0.9 0.5 -0.1 20,907 22,340 17,385 148,793 129,116 15.2

 New Orders.............................. 21,859 21,796 21,935 0.3 -0.6 0.0 21,248 22,616 17,548 152,478 130,575 16.8

 Fabricated metal products:

 Shipments................................ 33,069 32,901 32,742 0.5 0.5 0.3 32,298 34,675 28,767 226,803 205,192 10.5

 New Orders.............................. 33,201 33,200 33,446 0.0 -0.7 -1.3 32,418 34,392 29,745 234,595 211,419 11.0

 Machinery:

 Shipments................................ 32,884 32,734 32,586 0.5 0.5 1.2 31,040 35,446 28,438 227,791 211,056 7.9

 New Orders.............................. 33,196 32,993 32,984 0.6 0.0 1.6 31,491 34,828 29,415 231,239 217,147 6.5

 Computers and electronic products4

:

 Shipments................................ 27,217 26,789 26,646 1.6 0.5 0.6 25,553 29,253 23,716 179,090 168,986 6.0

 New Orders.............................. 23,531 23,267 23,089 1.1 0.8 0.6 21,251 25,851 19,679 155,504 144,452 7.7

 Computers and related products:

 Shipments................................ 1,970 1,760 1,807 11.9 -2.6 -0.7 1,829 2,257 1,869 11,912 13,802 -13.7

 New Orders.............................. 1,985 1,763 1,816 12.6 -2.9 -0.8 1,844 2,260 1,907 12,067 13,958 -13.5

 Communications equipment:

 Shipments................................ 3,550 3,541 3,433 0.3 3.1 -1.5 3,103 4,318 2,720 23,075 20,604 12.0

 New Orders.............................. 3,612 3,733 3,725 -3.2 0.2 6.7 3,040 4,356 2,807 24,107 22,293 8.1

 Electrical equipment, appliances, 

 and components: 

 Shipments................................ 11,341 11,264 11,230 0.7 0.3 -0.3 10,941 12,080 10,017 77,299 73,309 5.4

 New Orders.............................. 11,475 11,495 11,333 -0.2 1.4 -0.4 10,703 12,164 9,520 78,005 73,727 5.8

 Transportation equipment: 

 Shipments................................ 83,907 85,499 82,231 -1.9 4.0 -0.5 70,341 92,136 65,702 574,747 545,673 5.3

 New Orders.............................. 82,826 87,430 85,868 -5.3 1.8 -1.3 68,603 98,369 60,999 587,512 537,678 9.3

 Motor vehicles and parts:

 Shipments................................ 59,981 58,117 55,468 3.2 4.8 -4.4 49,765 60,736 42,996 398,641 374,133 6.6

 New Orders.............................. 60,117 58,085 55,453 3.5 4.7 -4.4 49,536 60,054 42,809 398,319 374,781 6.3

 Nondefense aircraft and parts:

 Shipments................................ 10,566 14,168 13,405 -25.4 5.7 23.2 9,152 16,825 12,280 86,485 87,680 -1.4

 New Orders.............................. 9,213 14,259 14,076 -35.4 1.3 -11.6 8,664 18,025 8,248 94,929 83,167 14.1

 Defense aircraft and parts:

 Shipments................................ 4,655 4,328 4,560 7.6 -5.1 3.4 3,933 5,025 3,614 29,552 28,734 2.8

 New Orders.............................. 4,289 6,557 5,467 -34.6 19.9 36.1 3,563 8,715 4,663 30,175 31,733 -4.9

 All other durable goods: 

 Shipments................................ 40,793 40,734 40,698 0.1 0.1 0.6 40,665 43,367 38,290 281,286 269,067 4.5

 New Orders.............................. 40,764 40,924 40,719 -0.4 0.5 0.6 40,479 43,480 38,227 282,379 270,590 4.4

 Capital goods3

:

 Shipments................................ 86,291 89,677 88,093 -3.8 1.8 2.3 79,972 98,572 76,377 599,978 557,544 7.6

 New Orders.............................. 85,572 90,116 90,317 -5.0 -0.2 0.2 78,363 102,047 73,739 614,666 561,079 9.6

 Nondefense capital goods:

 Shipments................................ 74,909 78,218 76,548 -4.2 2.2 3.4 69,915 86,359 67,395 523,473 489,669 6.9

 New Orders.............................. 74,737 78,336 76,796 -4.6 2.0 -2.3 69,943 86,448 64,215 536,196 497,045 7.9

 Excluding aircraft:

 Shipments........................... 68,580 67,949 67,337 0.9 0.9 0.1 64,677 73,865 59,119 465,973 432,712 7.7

 New Orders.......................... 69,683 68,695 68,306 1.4 0.6 0.7 64,937 73,460 59,115 472,659 441,001 7.2

 Defense capital goods:

 Shipments................................ 11,382 11,459 11,545 -0.7 -0.7 -4.3 10,057 12,213 8,982 76,505 67,875 12.7

 New Orders.............................. 10,835 11,780 13,521 -8.0 -12.9 16.7 8,420 15,599 9,524 78,470 64,034 22.5

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, July Advance Report, August 24, 2018. 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

Jul Jun May Jun - May - Apr - Jul Jun Jul 2018/

2018 2 2018 r 2018 Jul 2 Jun r May 2018 2 2018 r 2017 2017

DURABLE GOODS

 Total: 

 Unfilled Orders4......................... 1,164,726 1,164,660 1,160,743 0.0 0.3 0.5 1,168,744 1,170,275 1,124,464 3.9

 Total Inventories....................... 408,262 403,216 403,402 1.3 0.0 0.3 411,505 400,361 390,189 5.5

 Excluding transportation:

 Unfilled Orders4

......................... 363,951 362,804 360,818 0.3 0.6 0.7 366,140 365,933 347,476 5.4

 Total Inventories....................... 276,919 276,295 274,694 0.2 0.6 0.4 279,273 275,382 264,813 5.5

 Excluding defense:

 Unfilled Orders4

........................... 982,648 982,085 979,706 0.1 0.2 0.4 984,922 984,641 944,113 4.3

 Total Inventories....................... 381,039 376,020 376,623 1.3 -0.2 0.3 384,034 373,061 363,008 5.8

 Manufacturing with unfilled orders:

 Unfilled Orders......................... 1,164,726 1,164,660 1,160,743 0.0 0.3 0.5 1,168,744 1,170,275 1,124,464 3.9

 Total Inventories....................... 332,336 327,446 328,000 1.5 -0.2 0.3 335,495 325,476 317,178 5.8

 Primary metals:

 Unfilled Orders......................... 31,121 30,837 30,434 0.9 1.3 2.2 31,563 31,222 27,334 15.5

 Total Inventories....................... 35,492 35,135 34,758 1.0 1.1 1.1 35,826 34,957 32,663 9.7

 Fabricated metal products:

 Unfilled Orders......................... 83,767 83,635 83,336 0.2 0.4 0.9 85,166 85,046 77,924 9.3

 Total Inventories....................... 53,369 52,997 52,450 0.7 1.0 0.7 53,971 53,030 49,675 8.6

 Machinery: 

 Unfilled Orders......................... 104,692 104,380 104,121 0.3 0.2 0.4 104,785 104,334 101,998 2.7

 Total Inventories....................... 68,192 68,340 67,980 -0.2 0.5 0.1 68,594 67,742 65,884 4.1

 Computers and electronic products4

:

 Unfilled Orders......................... 115,321 115,007 114,403 0.3 0.5 0.5 115,313 115,594 111,558 3.4

 Total Inventories....................... 43,217 43,372 43,314 -0.4 0.1 0.0 43,788 43,184 42,703 2.5

 Computers and related products:

 Unfilled Orders......................... 2,033 2,018 2,015 0.7 0.1 0.4 2,033 2,018 1,735 17.2

 Total Inventories....................... 3,667 3,723 3,697 -1.5 0.7 1.2 3,778 3,719 3,846 -1.8

 Communications equipment:

 Unfilled Orders......................... 26,080 26,018 25,826 0.2 0.7 1.1 26,091 26,154 24,089 8.3

 Total Inventories....................... 5,414 5,413 5,449 0.0 -0.7 0.9 5,419 5,377 5,311 2.0

 Electrical equipment, appliances, 

 and components: 

 Unfilled Orders......................... 19,821 19,687 19,456 0.7 1.2 0.5 19,738 19,976 19,066 3.5

 Total Inventories....................... 18,749 18,698 18,539 0.3 0.9 0.6 19,095 18,852 17,884 6.8

 Transportation equipment: 

 Unfilled Orders......................... 800,775 801,856 799,925 -0.1 0.2 0.5 802,604 804,342 776,988 3.3

 Total Inventories....................... 131,343 126,921 128,708 3.5 -1.4 0.2 132,232 124,979 125,376 5.5

 Motor vehicles and parts:

 Unfilled Orders......................... 26,743 26,607 26,639 0.5 -0.1 -0.1 26,185 26,414 25,130 4.2

 Total Inventories....................... 36,438 36,407 36,124 0.1 0.8 1.3 36,958 35,453 34,297 7.8

 Nondefense Aircraft and parts:

 Unfilled Orders......................... 600,810 602,163 602,072 -0.2 0.0 0.1 601,554 602,042 583,199 3.1

 Total Inventories....................... 67,061 62,838 65,193 6.7 -3.6 -0.5 67,065 61,898 63,139 6.2

 Defense Aircraft and parts: 

 Unfilled Orders......................... 72,025 72,391 70,162 -0.5 3.2 1.3 73,117 73,487 74,795 -2.2

 Total Inventories....................... 12,900 12,844 12,772 0.4 0.6 0.4 12,941 12,840 12,918 0.2

 All other durable goods: 

 Unfilled Orders......................... 9,229 9,258 9,068 -0.3 2.1 0.2 9,575 9,761 9,596 -0.2

 Total Inventories....................... 57,900 57,753 57,653 0.3 0.2 0.2 57,999 57,617 56,004 3.6

 Capital goods3

:

 Unfilled Orders......................... 861,003 861,722 861,283 -0.1 0.1 0.3 863,781 865,390 842,249 2.6

 Total Inventories....................... 201,493 197,722 199,065 1.9 -0.7 0.3 202,986 196,855 193,949 4.7

 Nondefense capital goods:

 Unfilled Orders......................... 714,021 714,193 714,075 0.0 0.0 0.0 715,535 715,507 697,648 2.6

 Total Inventories....................... 178,605 174,841 176,606 2.2 -1.0 0.2 179,891 173,866 171,331 5.0

 Excluding aircraft: 

 Unfilled Orders.................... 220,694 219,591 218,845 0.5 0.3 0.4 221,176 220,916 215,873 2.5

 Total Inventories................... 123,494 123,637 123,178 -0.1 0.4 0.4 124,763 123,193 120,287 3.7

 Defense capital goods:

 Unfilled Orders......................... 146,982 147,529 147,208 -0.4 0.2 1.4 148,246 149,883 144,601 2.5

 Total Inventories....................... 22,888 22,881 22,459 0.0 1.9 0.9 23,095 22,989 22,618 2.1

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, July Advance Report, August 24, 2018. 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>.