Manufacturers' Shipments,

 Inventories, and Orders: May 2003 Issued July 2003

 M3-1(03)-05

 For Wire Transmission 10:00 a.m. E.D.T., July 2, 2003 Current 

 Industrial

 Reports

For data, call 301-763-4673. For inquiries, contact Dan Sansbury or Derrick Roy, Manufacturers' Shipments, Inventories and Orders Branch, Manufacturing and 

Construction Divison (MCD), Washington, DC 20233-6900 or call 301-763-4832.

The advance report on durable goods for June is scheduled for July 25, 2003 at 8:30 a.m. and the full report on August 4, 2003 at 10:00 a.m. 

For sale by the Superintendent of Documents, U.S. Government Printing Office, Washington DC, 20402 

Total Manufacturing Shipments

and Three Month Moving Average

300

320

340

360

380

May-01

Jul-01

Sep-01

Nov-01

Jan-02

Mar-02

May-02

Jul-02

Sep-02

Nov-02

Jan-03

Mar-03

May-03

300

320

340

360

380

 Shipments Average

Billions Of Dollars

Total Manufacturing Inventories

and Three Month Moving Average

420

440

460

480

500

May-01

Jul-01

Sep-01

Nov-01

Jan-02

Mar-02

May-02

Jul-02

Sep-02

Nov-02

Jan-03

Mar-03

May-03

420

440

460

480

500

 Inventories Average

Billions Of Dollars
2

Figures in text, other than year to date, are in seasonally adjusted current dollars and exclude data for semiconductor manufacturing.

Summary

New orders for manufactured goods in May increased

$1.2 billion or 0.4 percent to $320.6 billion, the

Department of Commerce, Census Bureau reported

today. This followed a 3.0 percent April decrease. Year

to date, new orders for 2003 were 2.1 percent above the

same period a year ago.

Shipments increased $1.3 billion or 0.4 percent to

$321.4 billion. This followed a 2.3 percent April

decrease. Year to date, shipments for 2003 were 1.4

percent above the same period a year ago. 

Unfilled orders decreased $0.8 billion or 0.2 percent

to $476.6 billion, following a 0.1 percent April decrease. 

The unfilled orders-to-shipments ratio was 4.04,

unchanged from April.

Inventories decreased $0.5 billion or 0.1 percent to

$431.7 billion, following a 0.1 percent April decrease. 

The inventories-to-shipments ratio was 1.34, down from

1.35 in April.

New Orders

New orders for manufactured durable goods in May

decreased $0.6 billion or 0.4 percent to $168.3 billion,

revised from the previously published 0.3 percent

decrease.

Transportation equipment had the largest decrease,

$1.0 billion or 1.9 percent to $49.0 billion.

New orders for manufactured nondurable goods

increased $1.8 billion or 1.2 percent to $152.3 billion.

Shipments

Shipments of manufactured durable goods in May

decreased $0.4 billion or 0.3 percent to $169.1 billion,

revised from the previously published level of $169.0

billion. This was the fifth decrease over the past seven

months. 

Computers and electronic products had the largest

decrease, $0.5 billion or 1.9 percent to $26.4 billion, due

to computers which decreased $0.5 billion.

Shipments of manufactured nondurable goods

increased $1.8 billion or 1.2 percent to $152.3 billion. 

Petroleum and coal products had the largest increase,

$1.8 billion or 9.3 percent to $20.8 billion.

Unfilled Orders

Unfilled orders of manufactured durable goods in

May decreased $0.8 billion or 0.2 percent to $476.6

billion, revised from the previously published 0.1

percent decrease. This was the seventh decrease over

the past nine months.

Machinery, down thirty of the past thirty-two

months, had the largest decrease, $0.9 billion or 2.0

percent to $43.5 billion. This was the lowest level

since February 1994.

Inventories

Inventories of manufactured durable goods in May

decreased $0.6 billion or 0.2 percent to $262.7 billion,

unrevised from the previously published decrease. 

This was the twenty-seventh decrease over the past

twenty-eight months.

Computers and electronic products had the largest

decrease, $0.4 billion or 1.0 percent to $39.8 billion.

This was the sixth consecutive decrease and the lowest

level since the current series began in 1992. 

Inventories of manufactured nondurable goods, at

the highest level since July 2001, increased slightly to

$169.1 billion. Food products had the largest increase,

$0.2 billion or 0.7 percent to $32.7 billion.

By stage of fabrication, May materials and supplies

decreased 0.2 percent in durable goods and 0.4 percent

in nondurable goods. Work in process increased 0.1

percent in durable goods and 0.7 percent in nondurable

goods. Finished goods decreased 0.5 percent in

durable goods and had a slight increase in nondurable

goods.

SEE BACK PAGE FOR SURVEY DESCRIPTION

Our internet address is: http://www.census.gov/m3

For data, call 301-763-4673. For inquiries, contact Dan Sansbury or Derrick Roy, Manufacturers’ Shipments, Inventories, and Orders Branch,

Manufacturing and Construction Division (MCD), Washington, DC 20233-6900, or call 301-763-4832.

The advance report on durable goods for June is scheduled for July 25, 2003 at 8:30 A.M. EDT and the full report on August 4, 2003 at 10:00

A.M. EDT. For sale by the Superintendent of Documents, U.S. Government Printing Office, Washington, DC 20402. 
 3 

Table 1. Value of Manufacturers' Shipments for Industry Groups

[Millions of Dollars]

Seasonally Adjusted Not Seasonally Adjusted 1

Monthly Percent Change Monthly

Industry Percent

May Apr Mar Apr - Mar - Feb - May Apr Mar May Change

2003p 2003r 2003 May Apr Mar 2003p 2003r 2003 2002 2003p 2002 03/02

 All manufacturing industries 2.................. 321,409 320,061 327,745 0.4 -2.3 1.6 328,276 317,067 344,566 333,386 1,599,124 1,577,102 1.4

 Excluding transportation 2

................... 271,952 270,555 276,589 0.5 -2.2 2.2 275,408 267,709 288,093 276,252 1,341,518 1,311,706 2.3

 Excluding defense 2

............................. 312,724 311,184 319,241 0.5 -2.5 1.7 319,660 308,870 335,065 325,935 1,557,767 1,540,986 1.1

 With unfilled orders 2

.......................... 118,000 118,165 119,189 -0.1 -0.9 0.2 119,988 115,796 129,455 126,180 586,784 600,970 -2.4

 Durable goods industries 2

........................169,082 169,509 171,385 -0.3 -1.1 0.4 173,657 167,115 185,515 182,576 845,878 859,411 -1.6

 Wood products................................. ...... 7,248 7,283 7,409 -0.5 -1.7 3.9 7,659 7,503 7,249 7,908 35,197 36,019 -2.3

 Nonmetallic mineral products................... 8,261 8,322 8,312 -0.7 0.1 1.4 8,717 8,460 8,086 9,073 40,451 38,571 4.9

 Primary metals............................ .......... 10,707 10,725 10,957 -0.2 -2.1 -0.3 11,216 11,080 11,393 12,062 55,477 56,344 -1.5

 Iron and steel mills............................ 5,027 5,082 5,168 -1.1 -1.7 0.5 5,239 5,245 5,388 5,477 25,970 25,368 2.4

 Aluminum and nonferrous metals......... 4,430 4,386 4,500 1.0 -2.5 -0.9 4,633 4,522 4,671 5,087 22,993 24,102 -4.6

 Ferrous metal foundries...................... 1,250 1,257 1,289 -0.6 -2.5 -1.0 1,344 1,313 1,334 1,498 6,514 6,874 -5.2

 Fabricated metal products...................... 20,206 20,159 20,552 0.2 -1.9 -0.3 20,692 20,198 20,943 22,005 100,968 103,689 -2.6

 Machinery............................................. 22,226 22,044 22,246 0.8 -0.9 1.6 23,139 22,830 24,809 24,373 111,384 113,928 -2.2

 Farm machinery................................. 1,477 1,558 1,574 -5.2 -1.0 0.5 1,601 1,895 1,986 1,596 8,600 8,127 5.8

 Construction machinery..................... 1,681 1,704 1,536 -1.3 10.9 -1.3 1,933 1,915 1,870 2,000 8,708 8,982 -3.1

 Mining, oil field, and 

 gas field machinery......................... 809 801 806 1.0 -0.6 6.6 778 772 886 690 3,859 3,627 6.4

 Industrial machinery.......................... 3,367 3,103 3,301 8.5 -6.0 1.5 3,242 3,152 3,747 2,951 16,003 14,714 8.8

 Photographic equipment...................... 1,394 1,330 1,397 4.8 -4.8 6.3 1,359 1,257 1,417 1,393 6,386 6,401 -0.2

 Ventilation, heating, air-conditioning,

 and refrigeration equipment............ 2,483 2,434 2,498 2.0 -2.6 0.2 2,720 2,413 2,686 2,912 12,194 13,097 -6.9

 Metalworking machinery..................... 1,721 1,774 1,798 -3.0 -1.3 -6.1 1,681 1,648 1,880 2,066 8,402 9,642 -12.9

 Turbines, generators, and other

 power transmission equipment....... 2,655 2,654 2,558 0.0 3.8 3.3 2,728 2,595 2,784 3,523 12,792 14,974 -14.6

 Material handling equipment............... 1,322 1,327 1,321 -0.4 0.5 -0.1 1,347 1,347 1,494 1,392 6,843 7,118 -3.9

 Computers and electronic products 2...... 26,435 26,948 26,052 -1.9 3.4 2.2 24,887 23,796 30,427 24,884 124,399 124,942 -0.4

 Computers........................................ 4,277 4,815 3,737 -11.2 28.8 -6.6 3,736 4,251 4,446 3,225 20,019 17,539 14.1

 Computer storage devices................... 1,155 1,176 1,153 -1.8 2.0 11.0 992 862 1,721 998 5,153 5,677 -9.2

 Other peripheral equipment................ 1,585 1,633 1,337 -2.9 22.1 -14.8 1,336 1,245 1,704 1,310 6,880 6,802 1.1

 Nondefense communications

 equipment.................................... 4,927 4,938 5,244 -0.2 -5.8 1.2 4,666 4,285 6,249 5,082 23,747 25,737 -7.7

 Defense communications equipment... 375 366 337 2.5 8.6 6.6 412 357 373 346 1,742 1,583 10.0

 Audio and video equipment.................. 679 675 646 0.6 4.5 -2.1 597 543 659 688 3,052 3,404 -10.3

 Semiconductors 3

................................ (NA) (NA) (NA) (NA) (NA) (NA) (NA) (NA) (NA) (NA) (NA) (NA) (NA)

 Electronic components........................ 3,746 3,599 3,654 4.1 -1.5 -2.1 3,747 3,413 3,896 4,268 17,946 20,424 -12.1

 Nondefense search and navigation

 equipment..................................... 783 836 724 -6.3 15.5 -3.6 776 768 765 736 3,662 3,632 0.8

 Defense search and navigation

 equipment..................................... 2,245 2,310 2,193 -2.8 5.3 5.3 2,154 2,238 2,463 1,865 10,644 9,360 13.7

 Electromedical, measuring,

 and control instruments................. 6,090 6,027 6,470 1.0 -6.8 15.0 5,961 5,354 7,548 5,728 29,024 27,602 5.2

 Electrical equipment, appliances, 

 and components................................... 8,543 8,600 8,644 -0.7 -0.5 0.9 8,673 8,396 9,324 9,345 42,261 44,324 -4.7

 Electric lighting equipment................... 1,084 1,074 1,086 0.9 -1.1 1.4 1,071 990 1,168 1,078 5,297 5,268 0.6

 Household appliances........................ 2,020 2,046 2,045 -1.3 0.0 2.9 2,112 2,052 2,179 2,185 9,909 10,018 -1.1

 Electrical equipment............................ 2,475 2,501 2,496 -1.0 0.2 1.7 2,444 2,326 2,838 2,642 12,079 12,602 -4.2

 Batteries........................................... 444 471 483 -5.7 -2.5 3.4 422 427 477 546 2,105 2,467 -14.7

 Transportation equipment...................... 49,457 49,506 51,156 -0.1 -3.2 -1.6 52,868 49,358 56,473 57,134 257,606 265,396 -2.9

 Automobiles..................................... 7,495 7,466 7,790 0.4 -4.2 -0.6 8,325 7,572 8,600 9,136 40,410 41,990 -3.8

 Light trucks and utility vehicles............ 9,528 9,509 10,126 0.2 -6.1 -2.2 10,618 9,558 11,380 11,637 52,107 52,309 -0.4

 Heavy duty trucks ............................. 1,108 1,085 1,094 2.1 -0.8 7.3 1,174 1,111 1,107 1,252 5,342 5,290 1.0

 Motor vehicle bodies, parts, 

 and trailers.................................... 17,025 17,229 17,631 -1.2 -2.3 -1.0 18,526 18,169 18,663 20,931 91,046 95,150 -4.3

 Nondefense aircraft and parts.............. 5,424 5,301 5,980 2.3 -11.4 -1.5 5,224 4,838 7,099 6,417 26,708 33,389 -20.0

 Defense aircraft and parts.................. 3,218 3,360 3,299 -4.2 1.8 1.5 3,140 2,899 3,671 2,818 15,109 12,995 16.3

 Ships and boats................................. 2,170 2,022 1,975 7.3 2.4 -8.8 2,391 2,031 2,278 1,859 10,535 8,827 19.3

 Furniture and related products................. 5,517 5,369 5,342 2.8 0.5 -0.8 5,409 5,278 5,504 5,537 26,938 27,807 -3.1

 Miscellaneous durable goods................. 10,482 10,553 10,715 -0.7 -1.5 2.8 10,397 10,216 11,307 10,255 51,197 48,391 5.8

 Nondurable goods industries................... 152,327 150,552 156,360 1.2 -3.7 2.9 154,619 149,952 159,051 150,810 753,246 717,691 5.0

 Food products....................................... 37,771 38,024 37,618 -0.7 1.1 0.5 37,468 37,028 38,347 37,539 185,348 185,522 -0.1

 Grain and oilseed milling..................... 4,223 4,160 4,142 1.5 0.4 0.8 4,283 4,019 4,129 4,157 20,696 20,286 2.0

 Dairy products.................................. 5,379 5,387 5,267 -0.1 2.3 2.1 5,527 5,288 5,448 5,370 26,248 26,350 -0.4

 Meat, poultry, and seafood products... 10,510 10,753 10,788 -2.3 -0.3 -3.7 10,832 10,790 10,806 11,457 53,962 55,642 -3.0

 Beverage and tobacco products............... 8,842 8,778 9,083 0.7 -3.4 7.4 9,401 8,775 9,060 9,986 42,949 45,465 -5.5

 Beverages......................................... 5,827 5,851 5,855 -0.4 -0.1 0.7 6,386 5,848 5,832 6,337 28,365 27,568 2.9

 Tobacco............................................ 3,015 2,927 3,228 3.0 -9.3 22.3 3,015 2,927 3,228 3,649 14,584 17,897 -18.5

 Textile mills........................................... 3,170 3,238 3,310 -2.1 -2.2 -2.8 3,155 3,143 3,556 3,689 16,290 17,565 -7.3

 Textile products................................... 3,025 3,046 3,070 -0.7 -0.8 1.7 3,116 3,119 3,205 3,184 14,934 14,976 -0.3

 Apparel................................................ 4,476 4,398 4,581 1.8 -4.0 0.0 4,084 4,153 4,696 4,362 21,966 22,672 -3.1

 Leather and allied products..................... 767 773 760 -0.8 1.7 -0.3 690 694 756 639 3,548 3,022 17.4

 Paper products...................................... 13,335 13,272 13,501 0.5 -1.7 5.0 13,326 13,017 13,472 12,673 65,144 60,690 7.3

 Pulp, paper, and paperboard mills....... 5,778 5,716 5,938 1.1 -3.7 9.5 5,652 5,617 5,912 5,822 28,317 28,087 0.8

 Paperboard containers........................ 3,672 3,748 3,777 -2.0 -0.8 0.7 3,741 3,748 3,759 3,811 18,459 17,938 2.9

 Printing................................................. 7,980 8,037 7,971 -0.7 0.8 1.2 7,680 7,797 8,103 7,649 38,428 38,268 0.4

 Petroleum and coal products.................. 20,766 18,995 23,575 9.3 -19.4 7.2 21,976 19,301 22,036 18,850 102,913 82,313 25.0

 Petroleum refineries.......................... 19,183 17,375 21,962 10.4 -20.9 7.3 20,275 17,703 20,547 17,125 95,783 75,507 26.9

 Basic chemicals...................................... 37,064 37,053 37,619 0.0 -1.5 2.7 37,792 37,424 39,932 36,314 185,626 172,840 7.4

 Pesticides, fertilizers, and other

 agricultural chemicals..................... 1,443 1,440 1,508 0.2 -4.5 -3.6 2,198 2,434 2,140 2,509 9,697 10,708 -9.4

 Pharmaceuticals and medicines............ 8,838 8,873 9,239 -0.4 -4.0 4.9 8,508 8,614 9,619 8,642 43,877 43,334 1.3

 Paints, coatings, and adhesives.......... 2,358 2,384 2,363 -1.1 0.9 1.5 2,594 2,490 2,396 2,639 11,855 11,782 0.6

 Plastics and rubber products.................. 15,131 14,938 15,272 1.3 -2.2 2.5 15,931 15,501 15,888 15,925 76,100 74,358 2.3

p Preliminary r

 Revised NA Not available.

1

 Shipments and new orders are the totals for the period and are adjusted for trading-day and calendar-month variations. 2 See footnote at end of Table 2.

3 See footnote at end of Table 2.

See note at end of Table 2 relating to survey error and revision.

Year to date
 4

Table 2. Value of Manufacturers' New Orders for Industry Groups

[Millions of Dollars]

Seasonally Adjusted Not Seasonally Adjusted 1

Monthly Percent Change Monthly

Industry Percent

May Apr Mar Apr - Mar - Feb - May Apr Mar May Change

2003p 2003r 2003 May Apr Mar 2003p 2003r 2003 2002 2003p 2002 03/02

All manufacturing industries 2................... 320,579 319,428 329,426 0.4 -3.0 2.1 326,567 317,876 347,367 328,861 1,609,820 1,576,629 2.1

 Excluding transportation 2

................... 271,572 269,460 277,001 0.8 -2.7 2.1 274,855 267,637 288,468 275,279 1,348,011 1,309,932 2.9

 Excluding defense 2

............................. 311,479 309,109 317,632 0.8 -2.7 1.7 318,433 307,695 333,354 323,960 1,559,153 1,535,598 1.5

 With unfilled orders 2

.......................... 117,170 117,532 120,870 -0.3 -2.8 1.5 118,279 116,605 132,256 121,655 597,480 600,497 -0.5

 Durable goods industries 2........................ 168,252 168,876 173,066 -0.4 -2.4 1.3 171,948 167,924 188,316 178,051 856,574 858,938 -0.3

 Primary metals............................ ............ 10,502 10,571 10,364 -0.7 2.0 -4.7 10,901 10,860 10,868 12,034 55,192 56,847 -2.9

 Iron and steel mills.............................. 4,964 4,954 4,656 0.2 6.4 -8.9 5,192 5,077 4,957 5,744 25,689 26,677 -3.7

 Aluminum and nonferrous metals......... 4,298 4,362 4,444 -1.5 -1.8 0.2 4,427 4,479 4,613 4,895 22,948 23,412 -2.0

 Ferrous metal foundries...................... 1,240 1,255 1,264 -1.2 -0.7 -4.7 1,282 1,304 1,298 1,395 6,555 6,758 -3.0

 Fabricated metal products...................... 20,132 19,603 20,390 2.7 -3.9 0.7 21,095 19,780 20,880 22,656 100,948 104,394 -3.3

 Machinery............................................. 21,328 21,488 22,739 -0.7 -5.5 4.1 22,010 22,853 25,222 23,413 112,064 111,297 0.7

 Construction machinery....................... 1,699 1,737 1,547 -2.2 12.3 3.5 1,885 2,024 1,847 1,887 8,820 9,176 -3.9

 Mining, oil field, and

 gas field machinery......................... 772 788 802 -2.0 -1.7 17.3 741 759 882 677 3,726 3,706 0.5

 Industrial machinery............................ 3,191 2,750 3,900 16.0 -29.5 38.2 3,115 3,120 4,128 3,237 16,960 15,691 8.1

 Photographic equipment...................... 1,382 1,333 1,476 3.7 -9.7 0.0 1,343 1,282 1,514 1,460 6,674 6,594 1.2

 Ventilation, heating, air-conditioning,

 and refrigeration equipment............ 2,482 2,485 2,515 -0.1 -1.2 -0.8 2,761 2,605 2,728 2,960 12,658 13,622 -7.1

 Metalworking machinery....................... 1,672 1,695 1,750 -1.4 -3.1 -7.7 1,643 1,590 1,845 2,044 8,353 9,573 -12.7

 Turbines, generators, and other 

 power transmission equipment.......... 2,215 2,380 2,056 -6.9 15.8 -18.2 2,287 2,298 2,177 2,402 11,183 10,708 4.4

 Material handling equipment............... 1,275 1,383 1,454 -7.8 -4.9 2.5 1,145 1,358 1,771 1,217 6,855 6,713 2.1

 Computers and electronic products 2...... 27,240 27,053 26,802 0.7 0.9 2.4 25,369 24,149 31,172 24,231 129,473 124,722 3.8

 Computers........................................ 4,762 4,790 3,907 -0.6 22.6 1.7 4,697 4,038 4,611 3,601 20,679 17,798 16.2

 Nondefense communications

 equipment...................................... 5,424 5,768 6,021 -6.0 -4.2 1.1 4,988 5,359 7,173 5,113 28,527 26,393 8.1

 Defense communications equipment... 366 337 370 8.6 -8.9 -11.1 403 328 406 273 1,879 1,439 30.6

 Semiconductors 3................................ (NA) (NA) (NA) (NA) (NA) (NA) (NA) (NA) (NA) (NA) (NA) (NA) (NA)

 Electronic components........................ 3,821 2,716 3,033 40.7 -10.5 -13.7 3,656 2,482 3,021 3,761 16,021 20,107 -20.3

 Nondefense search and navigation

 equipment..................................... 848 835 745 1.6 12.1 25.0 894 711 872 690 3,856 3,539 9.0

 Defense search and navigation

 equipment...................................... 1,949 2,684 2,295 -27.4 16.9 3.8 1,361 2,746 2,809 1,383 11,281 8,323 35.5

 Electromedical, measuring,

 and control instruments.................... 6,078 5,866 6,738 3.6 -12.9 15.4 5,935 5,355 7,593 5,776 29,615 28,058 5.5

 Electrical equipment, appliances, 

 and components................................... 8,449 8,631 8,841 -2.1 -2.4 3.1 8,489 8,385 9,402 9,421 42,398 44,277 -4.2

 Electric lighting equipment................... 1,040 970 1,077 7.2 -9.9 0.6 1,065 900 1,165 1,167 5,282 5,380 -1.8

 Household appliances.......................... 1,979 2,400 2,096 -17.5 14.5 3.3 1,990 2,332 2,133 2,104 10,136 9,793 3.5

 Electrical equipment............................ 2,511 2,541 2,682 -1.2 -5.3 9.8 2,504 2,393 2,972 2,728 12,406 12,562 -1.2

 Transportation equipment........................ 49,007 49,968 52,410 -1.9 -4.7 2.1 51,712 50,239 58,899 53,582 261,809 266,697 -1.8

 Motor vehicle bodies, parts, 

 and trailers..................................... 16,899 17,138 17,501 -1.4 -2.1 -2.3 18,100 17,941 18,439 20,801 90,932 95,685 -5.0

 Nondefense aircraft and parts.............. 4,455 4,507 2,980 -1.2 51.2 -16.9 4,249 4,192 4,387 5,411 21,383 27,042 -20.9

 Defense aircraft and parts................... 4,311 4,601 5,823 -6.3 -21.0 137.8 4,502 4,707 6,386 1,780 21,365 18,437 15.9

 Ships and boats.................................. 2,011 1,675 1,748 20.1 -4.2 -15.2 1,997 1,752 2,108 1,445 9,328 10,181 -8.4

 Furniture and related products................. 5,546 5,501 5,340 0.8 3.0 -1.3 5,542 5,576 5,487 5,552 27,392 27,884 -1.8

 Nondurable goods industries.................. 152,327 150,552 156,360 1.2 -3.7 2.9 154,619 149,952 159,051 150,810 753,246 717,691 5.0

p

 Preliminary r Revised NA Not available.

1 Shipments and new orders are the totals for the period and are adjusted for trading-day and calendar-month variations. 2 Aggregate estimates and percent changes exclude semiconductor industry data. Due to the number of large semiconductor manufacturers choosing not to participate in this 

voluntary monthly survey, the Census Bureau cannot currently produce monthly estimates of semiconductor shipments, orders, or inventories. 3 Due to the number of large semiconductor manufacturers choosing not to participate in this voluntary monthly survey, the Census Bureau cannot currently produce monthly 

estimates of semiconductor shipments, orders, or 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. Further details on survey design, methodology, and data limitations are contained in our most recent annual benchmark publication,

Current Industrial Reports: M3-1(01), "Manufacturers' Shipments, Inventories, and Orders: 1992-2001."

Year to date
 5 

Table 3. Value of Manufacturers' Unfilled Orders for Industry Groups

[Millions of Dollars]

Seasonally Adjusted Not Seasonally Adjusted

Monthly Percent Change Monthly Percent

Industry Change

May Apr Mar Apr - Mar - Feb - May Apr Mar May May

2003p 2003r 2003 May Apr Mar 2003p 2003r 2003 2002 03/02

All manufacturing industries 1................... 476,572 477,402 478,035 -0.2 -0.1 0.4 483,101 484,810 484,001 501,485 -3.7

 Excluding transportation 1

................... 229,053 229,433 230,528 -0.2 -0.5 0.2 232,434 232,987 233,059 246,553 -5.7

 Excluding defense 1

............................. 326,583 327,828 329,903 -0.4 -0.6 -0.5 330,010 331,237 332,412 355,872 -7.3

 Durable goods industries 1........................ 476,572 477,402 478,035 -0.2 -0.1 0.4 483,101 484,810 484,001 501,485 -3.7

 Primary metals........................................ 13,697 13,902 14,056 -1.5 -1.1 -4.0 14,020 14,335 14,555 16,606 -15.6

 Iron and steel mills.............................. 7,246 7,309 7,437 -0.9 -1.7 -6.4 7,509 7,556 7,724 9,214 -18.5

 Aluminum and nonferrous metals......... 4,261 4,393 4,417 -3.0 -0.5 -1.3 4,305 4,511 4,554 5,092 -15.5

 Ferrous metal foundries...................... 2,190 2,200 2,202 -0.5 -0.1 -1.1 2,206 2,268 2,277 2,300 -4.1

 Fabricated metal products...................... 36,374 36,448 37,004 -0.2 -1.5 -0.4 36,922 36,519 36,937 40,514 -8.9

 Machinery.............................................. 43,546 44,444 45,000 -2.0 -1.2 1.1 44,294 45,423 45,400 50,783 -12.8

 Construction machinery....................... 2,003 1,985 1,952 0.9 1.7 0.6 2,136 2,184 2,075 2,337 -8.6

 Mining, oil field, and

 gas field machinery......................... 886 923 936 -4.0 -1.4 -0.4 886 923 936 1,278 -30.7

 Industrial machinery............................ 9,357 9,533 9,886 -1.8 -3.6 6.4 9,578 9,705 9,737 9,536 0.4

 Photographic equipment...................... 1,224 1,236 1,233 -1.0 0.2 6.8 1,265 1,281 1,256 1,009 25.4

 Ventilation, heating, air-conditioning,

 and refrigeration equipment............ 4,331 4,332 4,281 0.0 1.2 0.4 4,548 4,507 4,315 4,882 -6.8

 Metalworking machinery....................... 3,565 3,614 3,693 -1.4 -2.1 -1.3 3,629 3,667 3,725 3,780 -4.0

 Turbines, generators, and other 

 power transmission equipment.......... 7,938 8,378 8,652 -5.3 -3.2 -5.5 7,898 8,339 8,636 13,959 -43.4

 Material handling equipment............... 5,054 5,101 5,045 -0.9 1.1 2.7 5,051 5,253 5,242 4,959 1.9

 Computers and electronic products 1...... 110,841 110,036 109,931 0.7 0.1 0.7 112,471 111,989 111,636 113,731 -1.1

 Computers......................................... 8,019 7,534 7,559 6.4 -0.3 2.3 8,363 7,402 7,615 7,063 18.4

 Nondefense communications

 equipment...................................... 39,096 38,599 37,769 1.3 2.2 2.1 39,977 39,655 38,581 40,344 -0.9

 Defense communications equipment... 2,610 2,619 2,648 -0.3 -1.1 1.3 2,610 2,619 2,648 2,421 7.8

 Semiconductors 2

................................ (NA) (NA) (NA) (NA) (NA) (NA) (NA) (NA) (NA) (NA) (NA)

 Electronic components.......................... 12,399 12,324 13,207 0.6 -6.7 -4.5 12,197 12,288 13,219 15,999 -23.8

 Nondefense search and navigation

 equipment..................................... 4,173 4,108 4,109 1.6 0.0 0.5 4,269 4,151 4,208 4,332 -1.5

 Defense search and navigation

 equipment...................................... 30,926 31,222 30,848 -0.9 1.2 0.3 31,294 32,087 31,579 30,643 2.1

 Electromedical, measuring,

 and control instruments.................... 13,618 13,630 13,791 -0.1 -1.2 2.0 13,761 13,787 13,786 12,929 6.4

 Electrical equipment, appliances, 

 and components................................... 14,326 14,420 14,389 -0.7 0.2 1.4 14,336 14,520 14,531 14,829 -3.3

 Electric lighting equipment................... 1,483 1,527 1,631 -2.9 -6.4 -0.5 1,504 1,510 1,600 1,498 0.4

 Household appliances.......................... 1,264 1,305 951 -3.1 37.2 5.7 1,197 1,319 1,039 1,054 13.6

 Electrical equipment............................ 8,443 8,407 8,367 0.4 0.5 2.3 8,518 8,458 8,391 8,897 -4.3

 Transportation equipment........................ 247,519 247,969 247,507 -0.2 0.2 0.5 250,667 251,823 250,942 254,932 -1.7

 Motor vehicle bodies, parts, 

 and trailers..................................... 12,046 12,172 12,263 -1.0 -0.7 -1.0 12,129 12,555 12,783 12,728 -4.7

 Nondefense aircraft and parts.............. 106,334 107,303 108,097 -0.9 -0.7 -2.7 106,665 107,640 108,286 116,996 -8.8

 Defense aircraft and parts................... 60,473 59,380 58,139 1.8 2.1 4.5 62,555 61,193 59,385 56,725 10.3

 Ships and boats.................................. 19,662 19,821 20,168 -0.8 -1.7 -1.1 19,790 20,184 20,463 21,926 -9.7

 Furniture and related products................. 5,347 5,318 5,186 0.5 2.5 0.0 5,469 5,336 5,038 6,085 -10.1

p

 Preliminary r Revised NA Not available.

1 Aggregate estimates and percent changes exclude semiconductor industry data. Due to the number of large semiconductor manufacturers choosing not to participate in this

voluntary monthly survey, the Census Bureau cannot currently produce monthly estimates of semiconductor shipments, orders, or inventories.

2 Due to the number of large semiconductor manufacturers choosing not to participate in this voluntary monthly survey, the Census Bureau cannot currently produce monthly

estimates of semiconductor shipments, orders, or inventories.

See note at end of Table 2 relating to survey error and revision.
 6

Table 4. Value of Manufacturers' Inventories for Industry Groups

[Millions of Dollars]

Seasonally Adjusted Not Seasonally Adjusted

Monthly Percent Change Monthly Percent

Industry Change

May Apr Mar Apr - Mar - Feb - May Apr Mar May May

2003p 2003r 2003 May Apr Mar 2003p 2003r 2003 2002 03/02

 All manufacturing industries 1.................. 431,723 432,257 432,500 -0.1 -0.1 -0.2 433,985 433,299 429,849 430,844 0.7

 Excluding transportation 1

................... 358,016 358,703 359,392 -0.2 -0.2 -0.2 360,207 360,052 357,987 358,887 0.4

 Excluding defense 1

............................. 408,150 408,309 408,888 0.0 -0.1 -0.3 410,360 409,448 406,717 408,851 0.4

 With unfilled orders 1

.......................... 212,985 213,565 213,932 -0.3 -0.2 -0.5 214,377 214,033 212,155 218,766 -2.0

 Durable goods industries 1........................ 262,653 263,209 263,501 -0.2 -0.1 -0.4 264,464 263,896 261,623 268,295 -1.4

 Wood products................................. ...... 9,170 9,309 9,335 -1.5 -0.3 -0.2 8,997 9,258 9,449 9,386 -4.1

 Nonmetallic mineral products................... 9,425 9,282 9,236 1.5 0.5 1.3 9,586 9,465 9,447 8,926 7.4

 Primary metals............................ ............ 18,756 18,931 19,039 -0.9 -0.6 -0.3 18,557 18,775 18,850 17,991 3.1

 Iron and steel mills.............................. 11,000 11,083 11,179 -0.7 -0.9 0.1 10,787 10,876 10,960 9,930 8.6

 Aluminum and nonferrous metals......... 6,000 6,057 6,056 -0.9 0.0 -1.1 5,971 6,040 6,052 6,271 -4.8

 Ferrous metal foundries...................... 1,756 1,791 1,804 -2.0 -0.7 0.3 1,799 1,859 1,838 1,790 0.5

 Fabricated metal products...................... 30,502 30,490 30,736 0.0 -0.8 -0.1 30,717 30,772 31,020 30,965 -0.8

 Machinery.............................................. 43,537 43,658 43,629 -0.3 0.1 -1.1 43,859 44,005 43,793 45,853 -4.3

 Farm machinery.................................. 2,090 2,089 2,117 0.0 -1.3 0.0 2,091 2,115 2,220 1,981 5.6

 Construction machinery........................ 3,649 3,683 3,699 -0.9 -0.4 0.6 3,639 3,736 3,791 3,977 -8.5

 Mining, oil field, 

 and gas field machinery.................. 2,193 2,185 2,173 0.4 0.6 -1.5 2,228 2,196 2,167 2,291 -2.7

 Industrial machinery............................ 7,257 7,292 7,349 -0.5 -0.8 0.9 7,392 7,269 7,304 7,875 -6.1

 Photographic equipment...................... 1,979 1,992 1,981 -0.7 0.6 0.7 2,028 2,025 1,963 2,019 0.4

 Ventilation, heating, air-conditioning,

 and refrigeration equipment............ 4,228 4,241 4,242 -0.3 0.0 -0.4 4,373 4,416 4,304 4,231 3.4

 Metalworking machinery....................... 4,838 4,891 4,865 -1.1 0.5 -8.1 4,914 4,928 4,827 5,323 -7.7

 Turbines, generators, and other

 power transmission equipment.......... 4,406 4,428 4,505 -0.5 -1.7 -2.2 4,398 4,405 4,428 5,252 -16.3

 Material handling equipment............... 2,497 2,444 2,453 2.2 -0.4 -0.2 2,531 2,471 2,511 2,629 -3.7

 Computers and electronic products 1...... 39,752 40,162 40,524 -1.0 -0.9 -1.9 40,520 40,200 39,499 44,809 -9.6

 Computers......................................... 3,066 2,973 3,115 3.1 -4.6 -0.8 3,271 2,967 3,001 3,354 -2.5

 Computer storage devices................... 1,169 1,172 1,162 -0.3 0.9 1.4 1,314 1,229 1,083 1,491 -11.9

 Other peripheral equipment................ 2,492 2,529 2,611 -1.5 -3.1 1.4 2,567 2,538 2,520 2,713 -5.4

 Nondefense communications

 equipment..................................... 7,066 7,100 7,255 -0.5 -2.1 -3.3 7,199 7,079 7,086 9,795 -26.5

 Defense communications equipment... 858 891 875 -3.7 1.8 6.1 858 891 875 776 10.6

 Audio and video equipment.................. 1,125 1,124 1,109 0.1 1.4 -1.2 1,078 1,027 932 1,072 0.6

 Semiconductors 2................................ (NA) (NA) (NA) (NA) (NA) (NA) (NA) (NA) (NA) (NA) (NA)

 Electronic components.......................... 8,365 8,497 8,518 -1.6 -0.2 -4.1 8,495 8,524 8,394 9,282 -8.5

 Nondefense search and navigation

 equipment..................................... 2,883 2,885 2,989 -0.1 -3.5 0.0 2,909 2,941 2,950 3,082 -5.6

 Defense search and navigation

 equipment...................................... 3,229 3,560 3,260 -9.3 9.2 -1.6 3,251 3,580 3,176 3,328 -2.3

 Electromedical, measuring 

 and control instruments.................... 9,084 9,015 9,203 0.8 -2.0 -2.1 9,164 9,024 9,081 9,516 -3.7

 Electrical equipment, appliances, 

 and components................................... 12,345 12,356 12,382 -0.1 -0.2 0.0 12,687 12,665 12,464 13,444 -5.6

 Electric lighting equipment................... 1,457 1,457 1,482 0.0 -1.7 0.1 1,484 1,463 1,465 1,520 -2.4

 Household appliances.......................... 2,094 2,106 2,089 -0.6 0.8 0.4 2,221 2,238 2,122 2,270 -2.2

 Electrical equipment............................ 4,289 4,254 4,259 0.8 -0.1 0.4 4,333 4,322 4,262 4,480 -3.3

 Batteries............................................ 642 633 628 1.4 0.8 0.8 666 631 609 741 -10.1

 Transportation equipment...................... 73,707 73,554 73,108 0.2 0.6 -0.2 73,778 73,247 71,862 71,957 2.5

 Automobiles....................................... 1,707 1,681 1,602 1.5 4.9 -13.3 1,751 1,725 1,595 1,752 -0.1

 Light trucks and utility vehicles............ 1,933 1,961 2,005 -1.4 -2.2 -7.3 1,984 1,990 1,906 2,043 -2.9

 Heavy duty trucks .............................. 788 801 776 -1.6 3.2 -7.6 781 774 765 896 -12.8

 Motor vehicle bodies, parts, 

 and trailers..................................... 16,192 16,242 16,295 -0.3 -0.3 -0.1 16,062 16,203 16,158 15,493 3.7

 Nondefense aircraft and parts.............. 30,037 29,700 29,315 1.1 1.3 -0.8 30,056 29,436 28,784 30,067 0.0

 Defense aircraft and parts..................... 11,729 11,784 11,626 -0.5 1.4 2.9 11,689 11,642 11,351 10,561 10.7

 Ships and boats.................................. 2,859 2,871 2,995 -0.4 -4.1 2.2 2,875 2,880 2,979 2,514 14.4

 Furniture and related products................. 7,087 7,106 7,083 -0.3 0.3 1.1 7,175 7,079 6,969 7,077 1.4

 Miscellaneous durable goods.................... 18,372 18,361 18,429 0.1 -0.4 0.6 18,588 18,430 18,270 17,887 3.9

 Nondurable goods industries................... 169,070 169,048 168,999 0.0 0.0 0.3 169,521 169,403 168,226 162,549 4.3

 Food products........................................ 32,693 32,464 32,744 0.7 -0.9 0.8 31,802 31,623 32,181 30,726 3.5

 Grain and oilseed milling..................... 3,559 3,510 3,516 1.4 -0.2 -0.1 3,326 3,437 3,556 2,952 12.7

 Dairy products.................................... 3,511 3,482 3,519 0.8 -1.1 0.4 3,637 3,591 3,557 3,579 1.6

 Meat, poultry, and seafood products...... 6,331 6,298 6,284 0.5 0.2 1.1 6,351 6,338 6,344 6,080 4.5

 Beverage and tobacco products............... 14,240 14,329 14,134 -0.6 1.4 -0.2 14,014 14,289 14,192 14,050 -0.3

 Beverages......................................... 9,291 9,356 9,167 -0.7 2.1 -1.0 9,277 9,387 9,185 9,047 2.5

 Tobacco............................................ 4,949 4,973 4,967 -0.5 0.1 1.3 4,737 4,902 5,007 5,003 -5.3

 Textile mills........................................... 5,047 5,057 5,024 -0.2 0.7 1.1 5,210 5,179 5,025 5,240 -0.6

 Textile products...................................... 4,617 4,617 4,597 0.0 0.4 0.0 4,744 4,705 4,591 4,577 3.6

 Apparel................................................. 7,707 7,715 7,683 -0.1 0.4 0.8 7,818 7,673 7,531 7,539 3.7

 Leather and allied products..................... 1,625 1,597 1,604 1.8 -0.4 0.1 1,635 1,568 1,558 1,409 16.0

 Paper products....................................... 14,752 14,751 14,699 0.0 0.4 0.9 14,849 14,909 14,823 14,462 2.7

 Pulp, paper, and paperboard mills....... 6,311 6,276 6,247 0.6 0.5 0.5 6,403 6,352 6,356 6,470 -1.0

 Paperboard containers........................ 4,213 4,220 4,196 -0.2 0.6 0.5 4,189 4,222 4,177 3,944 6.2

 Printing.................................................. 5,976 5,853 5,889 2.1 -0.6 -1.1 5,869 5,746 5,791 5,668 3.5

 Petroleum and coal products..................... 13,731 13,979 14,120 -1.8 -1.0 -0.8 14,265 14,331 13,789 13,190 8.2

 Petroleum refineries............................. 12,203 12,466 12,628 -2.1 -1.3 -1.0 12,657 12,777 12,313 11,741 7.8

 Basic chemicals...................................... 50,072 50,217 50,319 -0.3 -0.2 -0.1 50,479 50,579 50,262 48,928 3.2

 Pesticides, fertilizers, and other

 agricultural chemicals....................... 2,261 2,266 2,251 -0.2 0.7 -0.2 2,251 2,452 2,615 2,388 -5.7

 Pharmaceuticals and medicines............ 17,987 18,178 18,329 -1.1 -0.8 -1.5 18,129 18,206 18,015 17,482 3.7

 Paints, coatings, and adhesives............. 2,995 2,997 2,976 -0.1 0.7 -0.1 3,043 3,061 3,058 2,910 4.6

 Plastics and rubber products..................... 18,610 18,469 18,186 0.8 1.6 1.1 18,836 18,801 18,483 16,760 12.4

p

 Preliminary r Revised NA Not available. 1 See footnote at end of Table 3.

2 See footnote at end of Table 3.

See note at end of Table 2 relating to survey error and revision.
 7 

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

 Topical Series 1

[Millions of Dollars]

Seasonally Adjusted Not Seasonally Adjusted2

Monthly Percent Change Monthly Year to date Percent

Industry Change6

May Apr Mar Apr - Mar - Feb - May Apr Mar May 2003/

2003p 2003r 2003 May Apr Mar 2003p 2003r 2003 2002 2003p 2002 2002

SHIPMENTS

 All manufacturing industries 5................. 321,409 320,061 327,745 0.4 -2.3 1.6 328,276 317,067 344,566 333,386 1,599,124 1,577,102 1.4

 Construction materials and supplies...... 35,111 35,273 35,709 -0.5 -1.2 1.0 36,731 35,581 35,566 38,430 172,842 172,526 0.2

 Information technology......................... 26,603 27,187 26,329 -2.1 3.3 2.6 25,123 24,241 30,610 24,903 125,710 124,888 0.7

 Computers and related products .......... 7,017 7,624 6,227 -8.0 22.4 -5.8 6,064 6,358 7,871 5,533 32,052 30,018 6.8

 Motor vehicle and parts........................ 35,156 35,289 36,641 -0.4 -3.7 -1.0 38,643 36,410 39,750 42,956 188,905 194,739 -3.0

 Capital goods...................................... 62,896 63,300 62,903 -0.6 0.6 0.9 62,245 59,930 71,263 63,056 305,548 306,712 -0.4

 Nondefense capital goods 3.................. 55,552 55,847 55,723 -0.5 0.2 1.3 54,932 52,917 63,246 56,765 270,344 276,071 -2.1

 Excluding aircraft............................. 53,233 53,772 53,061 -1.0 1.3 1.7 52,484 51,105 59,844 53,324 258,758 258,463 0.1

 Defense capital goods 4....................... 7,344 7,453 7,180 -1.5 3.8 -1.5 7,313 7,013 8,017 6,291 35,204 30,641 14.9

 Consumer goods.................................. 125,421 123,358 129,535 1.7 -4.8 2.7 128,217 122,185 132,864 127,324 625,340 605,466 3.3

 Consumer durable goods..................... 32,372 32,068 32,981 0.9 -2.8 -0.2 34,585 32,314 36,425 36,517 167,793 170,159 -1.4

 Consumer nondurable goods............... 93,049 91,290 96,554 1.9 -5.5 3.7 93,632 89,871 96,439 90,807 457,547 435,307 5.1

 All manufacturing industries 5

................. 320,579 319,428 329,426 0.4 -3.0 2.1 326,567 317,876 347,367 328,861 1,609,820 1,576,629 2.1

 Construction materials and supplies...... 34,952 34,729 35,586 0.6 -2.4 1.3 37,125 35,345 35,546 39,094 173,058 174,408 -0.8

 Information technology......................... 27,276 27,919 27,748 -2.3 0.6 3.9 25,564 25,282 32,320 24,806 132,595 125,284 5.8

 Computers and related products .......... 7,502 7,599 6,397 -1.3 18.8 -0.8 7,025 6,145 8,036 5,909 32,712 30,277 8.0

 Motor vehicle and parts........................ 35,030 35,198 36,511 -0.5 -3.6 -1.6 38,217 36,182 39,526 42,826 188,791 195,274 -3.3

 Capital goods...................................... 62,980 64,806 66,705 -2.8 -2.8 5.2 61,750 62,448 75,707 59,439 318,101 300,315 5.9

 Nondefense capital goods 3.................. 55,341 55,793 55,842 -0.8 -0.1 3.2 54,885 53,617 63,342 55,269 274,259 266,581 2.9

 Excluding aircraft............................. 53,790 54,027 55,557 -0.4 -2.8 4.8 53,205 52,114 62,317 52,634 267,031 256,874 4.0

 Defense capital goods 4....................... 7,639 9,013 10,863 -15.2 -17.0 16.4 6,865 8,831 12,365 4,170 43,842 33,734 30.0

 Consumer goods.................................. 125,335 123,682 129,121 1.3 -4.2 1.9 128,036 122,521 132,325 127,073 625,709 604,962 3.4

 Consumer durable goods..................... 32,286 32,392 32,567 -0.3 -0.5 -2.9 34,404 32,650 35,886 36,266 168,162 169,655 -0.9

 Consumer nondurable goods.............. 93,049 91,290 96,554 1.9 -5.5 3.7 93,632 89,871 96,439 90,807 457,547 435,307 5.1

 All manufacturing industries 5

................. 476,572 477,402 478,035 -0.2 -0.1 0.4 483,101 484,810 484,001 501,485 (X) (X) -3.7

 Construction materials and supplies...... 30,595 30,754 31,298 -0.5 -1.7 -0.4 31,240 30,846 31,082 33,625 (X) (X) -7.1

 Information technology......................... 102,802 102,129 101,397 0.7 0.7 1.4 104,656 104,215 103,174 102,121 (X) (X) 2.5

 Computers and related products .......... 8,019 7,534 7,559 6.4 -0.3 2.3 8,363 7,402 7,615 7,063 (X) (X) 18.4

 Motor vehicle and parts........................ 12,046 12,172 12,263 -1.0 -0.7 -1.0 12,129 12,555 12,783 12,728 (X) (X) -4.7

 Capital goods...................................... 339,646 339,562 338,056 0.0 0.4 1.1 344,210 344,705 342,187 349,041 (X) (X) -1.4

 Nondefense capital goods 3..................209,075 209,286 209,340 -0.1 0.0 0.1 211,327 211,374 210,674 221,298 (X) (X) -4.5

 Excluding aircraft............................. 128,218 127,661 127,406 0.4 0.2 2.0 130,470 129,749 128,740 135,318 (X) (X) -3.6

 Defense capital goods 4....................... 130,571 130,276 128,716 0.2 1.2 2.9 132,883 133,331 131,513 127,743 (X) (X) 4.0

 Consumer goods.................................. 12,139 12,225 11,901 -0.7 2.7 -3.4 12,121 12,302 11,966 12,653 (X) (X) -4.2

 Consumer durable goods..................... 12,139 12,225 11,901 -0.7 2.7 -3.4 12,121 12,302 11,966 12,653 (X) (X) -4.2 

 All manufacturing industries 5................. 431,723 432,257 432,500 -0.1 -0.1 -0.2 433,985 433,299 429,849 430,844 (X) (X) 0.7

 Construction materials and supplies...... 45,964 46,051 46,239 -0.2 -0.4 0.2 46,252 46,551 46,848 45,342 (X) (X) 2.0

 Information technology......................... 37,229 37,563 37,911 -0.9 -0.9 -1.1 38,036 37,712 37,074 41,979 (X) (X) -9.4

 Computers and related products .......... 6,727 6,674 6,888 0.8 -3.1 0.4 7,152 6,734 6,604 7,558 (X) (X) -5.4

 Motor vehicle and parts........................ 20,620 20,685 20,678 -0.3 0.0 -2.3 20,578 20,692 20,424 20,184 (X) (X) 2.0

 Capital goods...................................... 128,483 128,625 129,299 -0.1 -0.5 -0.4 129,746 128,966 127,820 136,363 (X) (X) -4.9

 Nondefense capital goods 3

..................109,351 109,328 110,223 0.0 -0.8 -0.7 110,424 109,594 109,075 117,574 (X) (X) -6.1

 Excluding aircraft............................. 86,723 86,798 87,724 -0.1 -1.1 -0.8 88,043 87,355 87,036 94,298 (X) (X) -6.6

 Defense capital goods 4....................... 19,132 19,297 19,076 -0.9 1.2 0.9 19,322 19,372 18,745 18,789 (X) (X) 2.8

 Consumer goods.................................. 128,992 129,347 129,376 -0.3 0.0 -0.3 129,155 129,054 127,793 125,192 (X) (X) 3.2

 Consumer durable goods..................... 26,641 26,734 26,428 -0.3 1.2 -1.6 26,955 26,830 26,068 26,536 (X) (X) 1.6

 Consumer nondurable goods............... 102,351 102,613 102,948 -0.3 -0.3 0.0 102,200 102,224 101,725 98,656 (X) (X) 3.6

p

 Preliminary r Revised X Not Applicable.

1

 Topical series are regroupings of the separate industry categories. 2

 Shipments and new orders are the totals for the period and are adjusted for trading-day and calendar-month variations. 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 Aggregate estimates and percent changes exclude semiconductor industry data. Due to the number of large semiconductor manufacturers choosing not to participate in 

this voluntary monthly survey, the Census Bureau cannot currently produce monthly estimates of semiconductor shipments, orders, or inventories.

See note at end of Table 2 relating to survey error and revision. 6

 Based on year-to-date for shipments and new orders, but on same month prior year for unfilled orders and inventories.

NEW ORDERS

UNFILLED ORDERS

TOTAL INVENTORIES
 8

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

 

[Millions of Dollars]

Seasonally Adjusted Not Seasonally Adjusted

Monthly Percent Change Monthly Percent

Industry Change

May Apr Mar Apr - Mar - Feb - May Apr Mar May May

2003p 2003r 2003 May Apr Mar 2003p 2003r 2003 2002 03/02

MATERIALS AND SUPPLIES

 All manufacturing industries 1................. 137,760 138,167 138,346 -0.3 -0.1 -0.8 137,256 137,317 137,391 141,317 -2.9

 Durable goods industries 1

..................... 81,414 81,605 82,137 -0.2 -0.6 -0.8 80,798 80,628 81,151 85,918 -6.0

 Wood products................................... 3,499 3,559 3,507 -1.7 1.5 1.6 3,172 3,245 3,371 3,306 -4.1

 Nonmetallic mineral products............... 3,294 3,225 3,269 2.1 -1.3 1.3 3,269 3,183 3,236 3,260 0.3

 Primary metals.................................... 6,172 6,195 6,321 -0.4 -2.0 -0.9 5,945 5,970 6,086 5,745 3.5

 Fabricated metal products..................... 10,617 10,597 10,697 0.2 -0.9 0.1 10,552 10,571 10,666 10,469 0.8

 Machinery.......................................... 13,979 13,927 14,011 0.4 -0.6 -1.2 13,926 13,948 13,979 15,538 -10.4

 Computers and electronic products 1

... 14,155 14,200 14,338 -0.3 -1.0 -3.8 14,362 13,923 14,181 16,551 -13.2

 Electrical equipment, appliances,

 and components.............................. 4,364 4,371 4,385 -0.2 -0.3 -0.5 4,397 4,403 4,357 4,704 -6.5

 Transportation equipment.................. 16,371 16,561 16,649 -1.1 -0.5 1.0 16,108 16,405 16,357 16,949 -5.0

 Furniture and related products............ 2,991 2,919 2,924 2.5 -0.2 1.5 3,022 2,920 2,931 3,086 -2.1

 Miscellaneous products........................ 5,972 6,051 6,036 -1.3 0.2 -2.0 6,045 6,060 5,987 6,310 -4.2

 Nondurable goods industries.................... 56,346 56,562 56,209 -0.4 0.6 -0.8 56,458 56,689 56,240 55,399 1.9

 Food products.................................... 10,079 10,115 10,167 -0.4 -0.5 0.6 10,047 10,075 10,168 10,087 -0.4

 Beverage and tobacco products............ 5,584 5,609 5,611 -0.4 0.0 -1.0 5,540 5,644 5,702 5,763 -3.9

 Textiles.............................................. 1,412 1,486 1,434 -5.0 3.6 2.8 1,420 1,511 1,427 1,438 -1.3

 Textile products.................................. 1,566 1,594 1,523 -1.8 4.7 -0.5 1,594 1,605 1,503 1,500 6.3

 Apparel............................................. 1,641 1,636 1,631 0.3 0.3 -0.9 1,679 1,684 1,639 1,744 -3.7

 Leather and allied products................... 351 350 348 0.3 0.6 -0.6 354 348 338 322 9.9

 Paper products................................... 7,048 7,086 7,083 -0.5 0.0 -0.2 7,001 7,107 7,141 6,885 1.7

 Printing ............................................. 2,464 2,370 2,304 4.0 2.9 -3.4 2,383 2,268 2,313 2,298 3.7

 Petroleum and coal products............... 3,657 3,622 3,311 1.0 9.4 -9.2 3,841 3,740 3,289 3,353 14.6

 Basic chemicals................................... 15,411 15,568 15,759 -1.0 -1.2 -0.3 15,450 15,568 15,699 15,315 0.9

 Plastics and rubber products............... 7,133 7,126 7,038 0.1 1.3 0.1 7,149 7,139 7,021 6,694 6.8

WORK IN PROCESS

 All manufacturing industries 1................. 130,517 130,262 129,931 0.2 0.3 0.2 131,236 130,448 128,663 128,345 2.3

 Durable goods industries 1

..................... 100,968 100,915 100,090 0.1 0.8 -0.1 101,875 101,245 99,169 100,536 1.3

 Wood products................................... 1,952 1,952 1,984 0.0 -1.6 -1.1 1,954 1,962 1,984 2,066 -5.4

 Nonmetallic mineral products............... 1,145 1,152 1,181 -0.6 -2.5 0.9 1,176 1,198 1,246 1,171 0.4

 Primary metals.................................... 6,358 6,427 6,391 -1.1 0.6 -1.0 6,345 6,401 6,357 6,166 2.9

 Fabricated metal products..................... 9,651 9,669 9,644 -0.2 0.3 -0.3 9,692 9,651 9,564 9,920 -2.3

 Machinery.......................................... 13,812 13,946 13,855 -1.0 0.7 0.0 14,197 14,084 13,625 14,831 -4.3

 Computers and electronic products 1... 16,712 16,840 16,684 -0.8 0.9 -2.1 16,976 17,121 16,313 18,028 -5.8

 Electrical equipment, appliances,

 and components.............................. 2,720 2,749 2,773 -1.1 -0.9 -1.0 2,801 2,819 2,782 3,109 -9.9

 Transportation equipment.................. 43,641 43,254 42,537 0.9 1.7 0.3 43,682 43,060 42,271 40,642 7.5

 Furniture and related products............ 1,396 1,454 1,464 -4.0 -0.7 2.8 1,410 1,455 1,468 1,525 -7.5

 Miscellaneous products........................ 3,581 3,472 3,577 3.1 -2.9 6.0 3,642 3,494 3,559 3,078 18.3

 Nondurable goods industries.................... 29,549 29,347 29,841 0.7 -1.7 1.4 29,361 29,203 29,494 27,809 5.6

 Food products.................................... 3,046 3,017 2,942 1.0 2.5 2.5 2,777 2,867 2,899 2,301 20.7

 Beverage and tobacco products............ 3,991 3,987 3,965 0.1 0.6 0.1 3,812 3,859 3,992 3,717 2.6

 Textiles.............................................. 1,184 1,163 1,143 1.8 1.7 -1.6 1,203 1,179 1,153 1,230 -2.2

 Textile products.................................. 755 752 776 0.4 -3.1 1.0 773 769 773 829 -6.8

 Apparel............................................. 1,167 1,290 1,301 -9.5 -0.8 -2.0 1,235 1,306 1,267 1,524 -19.0

 Leather and allied products................... 122 123 130 -0.8 -5.4 0.8 124 124 130 164 -24.4

 Paper products................................... 1,173 1,176 1,181 -0.3 -0.4 2.0 1,164 1,168 1,161 1,261 -7.7

 Printing ............................................. 1,752 1,719 1,811 1.9 -5.1 0.2 1,672 1,705 1,749 1,720 -2.8

 Petroleum and coal products............... 3,906 3,913 4,366 -0.2 -10.4 4.4 4,028 4,044 4,355 3,800 6.0

 Basic chemicals................................... 10,006 9,785 9,813 2.3 -0.3 1.0 10,138 9,726 9,558 9,047 12.1

 Plastics and rubber products............... 2,447 2,422 2,413 1.0 0.4 2.1 2,435 2,456 2,457 2,216 9.9

FINISHED GOODS

 All manufacturing industries 1................. 163,446 163,828 164,223 -0.2 -0.2 0.1 165,493 165,534 163,795 161,182 2.7

 Durable goods industries 1

..................... 80,271 80,689 81,274 -0.5 -0.7 -0.5 81,791 82,023 81,303 81,841 -0.1

 Wood products................................... 3,719 3,798 3,844 -2.1 -1.2 -1.3 3,871 4,051 4,094 4,014 -3.6

 Nonmetallic mineral products............... 4,986 4,905 4,786 1.7 2.5 1.5 5,141 5,084 4,965 4,495 14.4

 Primary metals.................................... 6,226 6,309 6,327 -1.3 -0.3 1.1 6,267 6,404 6,407 6,080 3.1

 Fabricated metal products..................... 10,234 10,224 10,395 0.1 -1.6 -0.2 10,473 10,550 10,790 10,576 -1.0

 Machinery.......................................... 15,746 15,785 15,763 -0.2 0.1 -1.8 15,736 15,973 16,189 15,484 1.6

 Computers and electronic products 1

... 8,885 9,122 9,502 -2.6 -4.0 1.6 9,182 9,156 9,005 10,230 -10.2

 Electrical equipment, appliances,

 and components.............................. 5,261 5,236 5,224 0.5 0.2 1.0 5,489 5,443 5,325 5,631 -2.5

 Transportation equipment.................. 13,695 13,739 13,922 -0.3 -1.3 -3.0 13,988 13,782 13,234 14,366 -2.6

 Furniture and related products............ 2,700 2,733 2,695 -1.2 1.4 -0.1 2,743 2,704 2,570 2,466 11.2

 Miscellaneous products........................ 8,819 8,838 8,816 -0.2 0.2 0.5 8,901 8,876 8,724 8,499 4.7

 Nondurable goods industries.................... 83,175 83,139 82,949 0.0 0.2 0.6 83,702 83,511 82,492 79,341 5.5

 Food products.................................... 19,568 19,332 19,635 1.2 -1.5 0.7 18,978 18,681 19,114 18,338 3.5

 Beverage and tobacco products............ 4,665 4,733 4,558 -1.4 3.8 0.7 4,662 4,786 4,498 4,570 2.0

 Textiles.............................................. 2,451 2,408 2,447 1.8 -1.6 1.4 2,587 2,489 2,445 2,572 0.6

 Textile products.................................. 2,296 2,271 2,298 1.1 -1.2 0.1 2,377 2,331 2,315 2,248 5.7

 Apparel............................................. 4,899 4,789 4,751 2.3 0.8 2.2 4,904 4,683 4,625 4,271 14.8

 Leather and allied products................... 1,152 1,124 1,126 2.5 -0.2 0.2 1,157 1,096 1,090 923 25.4

 Paper products................................... 6,531 6,489 6,435 0.6 0.8 2.0 6,684 6,634 6,521 6,316 5.8

 Printing ............................................. 1,760 1,764 1,774 -0.2 -0.6 0.6 1,814 1,773 1,729 1,650 9.9

 Petroleum and coal products............... 6,168 6,444 6,443 -4.3 0.0 0.6 6,396 6,547 6,145 6,037 5.9

 Basic chemicals................................... 24,655 24,864 24,747 -0.8 0.5 -0.4 24,891 25,285 25,005 24,566 1.3

 Plastics and rubber products............... 9,030 8,921 8,735 1.2 2.1 1.6 9,252 9,206 9,005 7,850 17.9

p

 Preliminary r Revised 1 See footnote at end of Table 3.

See note at end of Table 2 relating to survey error and revisions.
 9

Table 7. Ratios of Manufacturers' Inventories to Shipments and Unfilled Orders 

 to Shipments, by Industry Group

[Based on Seasonally Adjusted data]

Inventory/Shipments ratio Unfilled Orders/Shipments ratio 1

Industry May Apr Mar Feb May Apr Mar Feb

2003p 2003r 2003 2003 2003p 2003r 2003 2003

 All manufacturing industries 2

...... 1.34 1.35 1.32 1.34 (X) (X) (X) (X)

Durable goods industries 2................... 1.55 1.55 1.54 1.55 4.04 4.04 4.01 4.01

 Wood products................................ 1.27 1.28 1.26 1.31 (X) (X) (X) (X)

 Nonmetallic mineral products........... 1.14 1.12 1.11 1.11 (X) (X) (X) (X)

 Primary metals................................. 1.75 1.77 1.74 1.74 1.28 1.30 1.28 1.33

 Fabricated metal products............... 1.51 1.51 1.50 1.49 1.89 1.90 1.89 1.89

 Machinery....................................... 1.96 1.98 1.96 2.01 2.15 2.23 2.24 2.24

 Computers and electronic products 2

.. 1.50 1.49 1.56 1.62 4.94 4.81 4.92 5.03

 Electrical equipment, appliances,

 and components............................. 1.45 1.44 1.43 1.44 1.77 1.77 1.76 1.75

 Transportation equipment................. 1.49 1.49 1.43 1.41 7.90 7.89 7.70 7.51

 Furniture and related products........... 1.28 1.32 1.33 1.30 1.10 1.13 1.11 1.10

 Miscellaneous products.................... 1.75 1.74 1.72 1.76 (X) (X) (X) (X)

Nondurable goods industries.............. 1.11 1.12 1.08 1.11 (X) (X) (X) (X)

 Food products................................... 0.87 0.85 0.87 0.87 (X) (X) (X) (X)

 Beverage and tobacco products......... 1.61 1.63 1.56 1.67 (X) (X) (X) (X)

 Textiles.......................................... 1.59 1.56 1.52 1.46 (X) (X) (X) (X)

 Textile products............................... 1.53 1.52 1.50 1.52 (X) (X) (X) (X)

 Apparel.......................................... 1.72 1.75 1.68 1.66 (X) (X) (X) (X)

 Leather and allied products............... 2.12 2.07 2.11 2.10 (X) (X) (X) (X)

 Paper products................................ 1.11 1.11 1.09 1.13 (X) (X) (X) (X)

 Printing.......................................... 0.75 0.73 0.74 0.76 (X) (X) (X) (X)

 Petroleum and coal products............ 0.66 0.74 0.60 0.65 (X) (X) (X) (X)

 Basic chemicals............................... 1.35 1.36 1.34 1.38 (X) (X) (X) (X)

 Plastics and rubber products.............. 1.23 1.24 1.19 1.21 (X) (X) (X) (X)

p

 Preliminary r Revised X Not Applicable 1

 Excludes the following industries with no unfilled orders: Wood products; nonmetallic mineral products;

medical equipment and supplies; office supplies; other miscellaneous manufacturing; cutlery and handtools;

farm and garden machinery; computer storage and peripheral devices; audio and video equipment; manufacturing

and reproducing magnetic and optical media; batteries; automobiles; light trucks and utility vehicles; heavy duty

trucks; and miscellaneous furniture.

2 See footnote at end of Table 2.

May May May May

Industry May2 2002- May2 2002- May2 2002- May2 2002-

May1 1998- Apr May1 1998- Apr May1 1998- Apr May1 1998- Apr

2003 2002 2003 2003 2002 2003 2003 2002 2003 2003 2002 2003

 All manufacturing industries 3

......... (X) (NA) 0.1 (X) (NA) 0.2 (X) (NA) 0.1 (X) (NA) 0.1

Durable goods industries 3...................... 0.0 (NA) 0.2 -0.1 (NA) 0.5 -0.1 (NA) 0.1 0.0 (NA) 0.1

 Wood products................................... (X) (NA) 0.7 (X) (NA) (NA) (X) (NA) (NA) (X) (NA) 0.4

 Nonmetallic mineral products.............. (X) (NA) 0.7 (X) (NA) (NA) (X) (NA) (NA) (X) (NA) 0.4

 Primary metals.................................... 0.0 (NA) 0.4 -0.2 (NA) 0.6 -0.3 (NA) 0.4 0.0 (NA) 0.1

 Fabricated metal products................... 0.0 (NA) 0.3 0.2 (NA) 1.0 0.1 (NA) 0.4 -0.1 (NA) 0.3

 Machinery.......................................... -0.3 (NA) 0.4 0.2 (NA) 1.0 0.2 (NA) 0.4 -0.2 (NA) 0.2

 Computers and electronic products 3

... 0.0 (NA) 0.4 -0.5 (NA) 1.0 -0.1 (NA) 0.2 0.0 (NA) 0.2

 Electrical equipment, appliances,

 and components............................. 0.0 (NA) 0.2 0.1 (NA) 0.9 -0.1 (NA) 0.6 -0.1 (NA) 0.1

 Transportation equipment................... 0.0 (NA) 0.5 -0.3 (NA) 1.2 -0.1 (NA) 0.2 0.0 (NA) 0.2

 Furniture and related products............. (X) (NA) 0.4 (X) (NA) 1.0 (X) (NA) 0.9 (X) (NA) 0.1

 Miscellaneous products...................... (X) (NA) 0.6 (X) (NA) 1.0 (X) (NA) 1.5 (X) (NA) 0.4

Nondurable goods industries.................. (X) (NA) 0.2 (X) (NA) (NA) (X) (NA) (NA) (X) (NA) 0.2

 Food products................................... (X) (NA) 0.6 (X) (NA) (NA) (X) (NA) (NA) (X) (NA) 0.3

 Beverage and tobacco products............ (X) (NA) 0.4 (X) (NA) (NA) (X) (NA) (NA) (X) (NA) 0.2

 Textiles............................................. (X) (NA) 1.2 (X) (NA) (NA) (X) (NA) (NA) (X) (NA) 0.4

 Textile products.................................. (X) (NA) 0.7 (X) (NA) (NA) (X) (NA) (NA) (X) (NA) 0.2

 Apparel.............................................. (X) (NA) 1.1 (X) (NA) (NA) (X) (NA) (NA) (X) (NA) 0.5

 Leather and allied products.................. (X) (NA) 2.8 (X) (NA) (NA) (X) (NA) (NA) (X) (NA) 1.1

 Paper products.................................... (X) (NA) 1.0 (X) (NA) (NA) (X) (NA) (NA) (X) (NA) 0.3

 Printing.............................................. (X) (NA) 0.3 (X) (NA) (NA) (X) (NA) (NA) (X) (NA) 0.4

 Petroleum and coal products................ (X) (NA) 0.5 (X) (NA) (NA) (X) (NA) (NA) (X) (NA) 0.5

 Basic chemicals.................................. (X) (NA) 0.7 (X) (NA) (NA) (X) (NA) (NA) (X) (NA) 0.2

 Plastics and rubber products................ (X) (NA) 0.3 (X) (NA) (NA) (X) (NA) (NA) (X) (NA) 0.3

X Not Applicable NA Not Available

1

 The current month revisions are the difference between the advance percent change and the percent change as shown in this publication. 2

 Average revisions of the current month for the past five years. 3

 See footnote at end of Table 7

See note at end of Table 2 relating to survey error and revision. In Table 8, the second column for each item represents the average revisions

of the current month for the past five years.

NOTE: The five year and the twelve month revisions are the differences between the month-to-month percent changes of the preliminary and

final estimates. The monthly averages are the simple averages of the absolute values of the differences for the months specified. The

advance to final percent change revisions for the durable goods industries are shown in the advance report for the month.

[Based on Seasonally Adjusted data]

Table 8. Revisions to Previously Published Monthly Percent Changes

Shipments New Orders Unfilled Orders Inventories
10

Survey Description 

This report is compiled from results of the U.S.

Census Bureau’s Manufacturers’ Shipments,

Inventories, and Orders (M3) survey. This survey

provides statistics on manufacturers' value of

shipments, new orders (net of cancellations), end-ofmonth 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). The

M3 includes approximately 3,500 reporting units. 

Units may be divisions of diversified large

companies, large homogenous companies, or singleunit manufacturers in 89 industry categories. Due to

the small monthly sample, these 89 categories have

been combined into 59 publication levels. The

survey methodology assumes that the month-to-month

changes of the total operations of those companies in

the monthly survey effectively represent the monthto-month movements of all establishments that make

up the category. The current coverage levels in the

survey show that reported data in the monthly survey

represent approximately 60 percent of the shipments

estimates at the total manufacturing level. Data

published represent manufacturing in a calendar

month. The data collection is based on a voluntary

survey authorized by Title 13 of the United States

Code.

The data presented in this release are based on data

obtained from a panel of 3,500 reporting units and

provide an indication of the activity within the

manufacturing sector. The results differ from what

would be obtained from a complete enumeration of

all manufacturing companies. In addition, a different

panel of 3,500 companies would yield different

results. The M3 panel is comprised of companies

with $500 million or more in shipments and a limited

number of smaller companies. From a statistical

perspective, the panel is not 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.

Additional survey documentation can be found on our

web site: http://www.census.gov/m3.