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FOR RELEASE AT 8:30 AM EST, TUESDAY, FEBRUARY 27, 2024 

MONTHLY ADVANCE REPORT ON DURABLE GOODS MANUFACTURERS’ SHIPMENTS, 

INVENTORIES AND ORDERS JANUARY 2024 

Release Number: CB 24-25 M3-1 (24)-01

February 27, 2024 — The U.S. Census Bureau announces the January advance report on durable goods 

manufacturers’ shipments, inventories and orders:

New Orders

New orders for manufactured durable goods in January, down three of the last four months, decreased

$18.0 billion or 6.1 percent to $276.7 billion, the U.S. Census Bureau announced today. This followed a 0.3

percent December decrease. Excluding transportation, new orders decreased 0.3 percent. Excluding 

defense, new orders decreased 7.3 percent. Transportation equipment, also down three of the last four 

months, led the decrease, $17.4 billion or 16.2 percent to $89.8 billion.

Shipments

Shipments of manufactured durable goods in January, down four of the last five months, decreased $2.4

billion or 0.9 percent to $279.0 billion. This followed a 0.6 percent December decrease. Transportation 

equipment, also down four of the last five months, drove the decrease, $2.9 billion or 3.3 percent to $86.3

billion.

DURABLE GOODS – NEW ORDERS

JANUARY 2024 $276.7 billion -6.1%°

DECEMBER 2023

(revised) $294.7 billion -0.3%°

Next release: March 26, 2024 

Data adjusted for seasonal variation but not for price changes.

°Statistical significance is not measurable for this survey. The Manufacturers' Shipments, 

Inventories, and Orders estimates are not based on a probability sample, so the sampling 

error of these estimates cannot be measured nor can the confidence intervals be computed.

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

27, 2024.

-2.7%

3.3%

1.2%

2.0%

4.3%

-5.6%

-0.1%

4.0%

-5.1%

5.4%

-0.3%

-7.0% -6.1%

-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%

Feb-23 Mar-23 Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 Oct-23 Nov-23 Dec-23 Jan-24

DURABLE GOODS NEW ORDERS 2023-2024

Seasonally Adjusted, Month-To-Month Percentage Change

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders, February 27, 2024.
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Unfilled Orders

Unfilled orders for manufactured durable goods in January, up thirteen of the last fourteen months, 

increased $2.4 billion or 0.2 percent to $1,395.5 billion. This followed a 1.3 percent December increase. 

Transportation equipment, also up thirteen of the last fourteen months, drove the increase, $3.5 billion or

0.4 percent to $899.8 billion.

Inventories

Inventories of manufactured durable goods in January, up six consecutive months, increased $1.2 billion or 

0.2 percent to $527.6 billion. This followed a 0.3 percent December increase. Transportation equipment, 

also up six consecutive months, drove the increase, $1.3 billion or 0.8 percent to $169.0 billion. 

Capital Goods

Nondefense new orders for capital goods in January decreased $19.8 billion or 19.4 percent to $82.7

billion. Shipments decreased $2.5 billion or 3.0 percent to $79.8 billion. Unfilled orders increased $2.9

billion or 0.3 percent to $844.6 billion. Inventories increased $0.6 billion or 0.3 percent to $229.9 billion. 

Defense new orders for capital goods in January increased $2.7 billion or 24.2 percent to $14.0 billion. 

Shipments increased $0.2 billion or 1.5 percent to $14.0 billion. Unfilled orders decreased less than $0.1

billion or virtually unchanged to $208.3 billion. Inventories increased $0.2 billion or 0.7 percent to $24.8 

billion.

Revised December Data

Revised seasonally adjusted December figures for all manufacturing industries were: new orders, $591.7

billion (revised from $594.3 billion); shipments, $578.5 billion (revised from $581.0 billion); unfilled orders, 

$1,393.1 billion (revised from $1,393.2 billion) and total inventories, $856.9 billion (revised from $857.7

billion).

Revised and more detailed estimates, plus nondurable goods data, will be published on March 5, 2024, at

10:00 a.m. EST. The Advance Report on durable goods for February is scheduled for release on March 26, 

2024, at 8:30 a.m. EDT. View the full schedule in the Economic Briefing Room:

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

<www.census.gov/m3>.
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EXPLANATORY NOTES

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

exclude data for semiconductor manufacturing. 

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

decrease.

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-FY23-0265).

Description of the survey

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

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

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

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

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

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

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

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

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

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

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

approximately 60 percent of the total value of shipments for manufacturing establishments in the 2017

Economic Census, and these companies include roughly 61 percent of the manufacturing companies with 

$500 million or more in shipments in the 2017 Economic Census. The companies for which shipments data 

are currently reported in the M3 survey represent approximately 51 percent of the total value of 

shipments for manufacturing establishments in the 2017 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 
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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>.

Notice of Revisions and Changes Due to Updated Seasonal Adjustment Models

On May 14, 2024, monthly seasonally adjusted data for Manufacturers’ Shipments, Inventories, and Orders will be 

revised for January 2012 through March 2024. There will be no accompanying press release containing revised 

seasonally adjusted data for January through March of 2024, and historical data not seasonally adjusted will be 

unchanged. These revisions to the historical seasonally adjusted data will be based on the results of the recent 

annual review of the seasonal adjustment models. These results of the annual seasonal review will be used to 

produce seasonally adjusted data from the Manufacturers’ Shipments, Inventories, and Orders Survey, beginning 

with the April 2024 Advance Report on Durable Goods scheduled for release on May 24, 2024, and the Full Report 

scheduled for release on June 4, 2024. Please call M3 staff on (301) 763-4832 with any questions.

RESOURCES

API

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

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

before. 

<www.census.gov/developers/> 

FRED Mobile App

Receive the latest updates on the nation’s key economic indicators by downloading 

the FRED App <https://fred.stlouisfed.org/fred-mobile/> for both Apple and 

Android devices. FRED, the signature database of the Federal Reserve Bank of St. 

Louis, now incorporates the Census Bureau’s 13 economic indicators.

###
Table 1. Durable Goods Manufacturers' Shipments and New Orders 1

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

Seasonally Adjusted Not Seasonally Adjusted 

Monthly Percent Change Monthly Year to Date

Item Percent

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

2024 22023 r

2023 Jan 2

Dec r Nov 2024 22023 r

2023 2024 2023 2024/2023

DURABLE GOODS

 Total:

Shipments................................ 279,019 281,461 283,029 -0.9 -0.6 1.0 257,079 275,734 253,017 257,079 253,017 1.6

 New Orders4.............................. 276,652 294,654 295,403 -6.1 -0.3 5.4 252,857 300,192 254,810 252,857 254,810 -0.8

 Excluding transportation:

Shipments................................ 192,739 192,252 192,775 0.3 -0.3 0.4 179,352 185,402 175,740 179,352 175,740 2.1

 New Orders4.............................. 186,878 187,462 187,574 -0.3 -0.1 0.5 177,585 181,246 174,395 177,585 174,395 1.8

 Excluding defense:

Shipments................................ 262,633 265,433 266,586 -1.1 -0.4 1.0 243,225 258,248 240,258 243,225 240,258 1.2

 New Orders4.............................. 260,151 280,636 280,429 -7.3 0.1 6.8 240,093 281,194 241,399 240,093 241,399 -0.5

 Manufacturing with unfilled orders:

Shipments................................ 194,387 196,392 197,650 -1.0 -0.6 0.6 179,737 194,149 174,986 179,737 174,986 2.7

New Orders.............................. 196,787 214,407 214,959 -8.2 -0.3 6.8 180,798 223,108 182,836 180,798 182,836 -1.1

 Primary metals:

Shipments................................ 26,363 26,620 26,701 -1.0 -0.3 1.3 26,412 23,754 26,333 26,412 26,333 0.3

New Orders.............................. 26,373 26,823 26,695 -1.7 0.5 0.9 26,853 24,761 26,580 26,853 26,580 1.0

 Fabricated metal products:

Shipments................................ 36,337 36,416 36,334 -0.2 0.2 0.9 34,674 33,357 33,071 34,674 33,071 4.8

New Orders.............................. 36,114 36,447 36,377 -0.9 0.2 0.0 35,481 32,470 33,915 35,481 33,915 4.6

 Machinery:

Shipments................................ 38,130 37,650 37,870 1.3 -0.6 -0.6 34,981 37,019 33,761 34,981 33,761 3.6

New Orders.............................. 37,232 37,242 37,370 0.0 -0.3 -0.2 36,493 36,168 36,487 36,493 36,487 0.0

 Computers and electronic products4:

Shipments................................ 29,738 29,645 29,774 0.3 -0.4 0.5 27,029 32,774 26,893 27,029 26,893 0.5

New Orders.............................. 25,219 24,877 24,854 1.4 0.1 0.4 21,952 29,640 20,820 21,952 20,820 5.4

 Computers and related products:

Shipments................................ 2,201 2,083 2,098 5.7 -0.7 2.2 1,954 2,435 1,739 1,954 1,739 12.4

New Orders.............................. 2,207 2,086 2,092 5.8 -0.3 2.3 1,960 2,438 1,760 1,960 1,760 11.4

 Communications equipment:

Shipments................................ 3,015 3,013 3,032 0.1 -0.6 0.0 2,421 3,987 2,494 2,421 2,494 -2.9

New Orders.............................. 2,997 3,271 3,225 -8.4 1.4 4.6 2,271 4,754 2,470 2,271 2,470 -8.1

 Electrical equipment, appliances, 

 and components: 

Shipments................................ 14,410 14,113 14,140 2.1 -0.2 -0.2 12,839 13,621 12,359 12,839 12,359 3.9

New Orders.............................. 14,310 14,187 14,180 0.9 0.0 1.9 13,234 13,649 13,081 13,234 13,081 1.2

 Transportation equipment: 

Shipments................................ 86,280 89,209 90,254 -3.3 -1.2 2.3 77,727 90,332 77,277 77,727 77,277 0.6

New Orders.............................. 89,774 107,192 107,829 -16.2 -0.6 15.3 75,272 118,946 80,415 75,272 80,415 -6.4

 Motor vehicles and parts:

Shipments................................ 60,777 61,141 61,130 -0.6 0.0 3.4 56,491 57,078 55,883 56,491 55,883 1.1

New Orders.............................. 60,742 60,998 60,897 -0.4 0.2 3.0 56,938 57,778 56,428 56,938 56,428 0.9

 Nondefense aircraft and parts:

Shipments................................ 9,953 12,926 13,906 -23.0 -7.0 3.7 7,984 17,014 8,362 7,984 8,362 -4.5

New Orders.............................. 13,732 33,411 33,066 -58.9 1.0 84.1 6,383 44,137 10,186 6,383 10,186 -37.3

 Defense aircraft and parts:

Shipments................................ 4,906 4,839 4,899 1.4 -1.2 -0.5 4,128 5,087 3,982 4,128 3,982 3.7

New Orders.............................. 4,351 4,242 4,296 2.6 -1.3 -13.5 3,718 5,874 4,888 3,718 4,888 -23.9

 All other durable goods: 

Shipments................................ 47,761 47,808 47,956 -0.1 -0.3 0.4 43,417 44,877 43,323 43,417 43,323 0.2

New Orders.............................. 47,630 47,886 48,098 -0.5 -0.4 0.7 43,572 44,558 43,512 43,572 43,512 0.1

 Capital goods3:

Shipments................................ 93,770 96,035 97,231 -2.4 -1.2 0.4 83,186 104,471 81,914 83,186 81,914 1.6

New Orders.............................. 96,651 113,770 115,358 -15.0 -1.4 12.9 81,801 130,687 87,261 81,801 87,261 -6.3

 Nondefense capital goods:

Shipments................................ 79,770 82,243 83,055 -3.0 -1.0 0.2 71,431 89,151 70,938 71,431 70,938 0.7

New Orders.............................. 82,678 102,524 102,380 -19.4 0.1 18.2 71,394 115,198 76,071 71,394 76,071 -6.1

 Excluding aircraft:

Shipments........................... 74,772 74,158 74,067 0.8 0.1 -0.3 68,196 76,921 66,569 68,196 66,569 2.4

New Orders.......................... 73,720 73,622 74,031 0.1 -0.6 0.9 69,864 76,186 69,979 69,864 69,979 -0.2

 Defense capital goods:

Shipments................................ 14,000 13,792 14,176 1.5 -2.7 1.4 11,755 15,320 10,976 11,755 10,976 7.1

New Orders.............................. 13,973 11,246 12,978 24.2 -13.3 -16.3 10,407 15,489 11,190 10,407 11,190 -7.0

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

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

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

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

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

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

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

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

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

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

boats, and search and navigation equipment. 

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

orders exclude semiconductor industry data. 

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-FY23-0265). 

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, January Advance Report, February 27, 2024. Information on data sources and methodology can be found on our website at 

<www.census.gov/manufacturing/m3/how_the_data_are_collected/index.html>. 
Table 2. Durable Goods Manufacturers' Unfilled Orders and Total Inventories 1

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

Seasonally Adjusted Not Seasonally Adjusted 

Monthly Percent Change Monthly Percent

Item Change

Jan Dec Nov Dec - Nov - Oct - Jan Dec Jan 2024/

2024 22023 r 2023 Jan 2Dec r Nov 2024 22023

 r

2023 2023

DURABLE GOODS

 Total:

Unfilled Orders4......................... 1,395,454 1,393,054 1,375,039 0.2 1.3 1.3 1,394,343 1,393,282 1,278,146 9.1

Total Inventories....................... 527,642 526,485 525,004 0.2 0.3 0.1 525,680 514,173 519,556 1.2

 Excluding transportation:

Unfilled Orders4......................... 495,606 496,700 496,668 -0.2 0.0 -0.1 493,413 489,897 497,096 -0.7

Total Inventories....................... 358,595 358,717 358,688 0.0 0.0 0.0 357,899 351,896 357,533 0.1

 Excluding defense:

Unfilled Orders4........................... 1,154,450 1,152,165 1,132,140 0.2 1.8 1.7 1,153,819 1,151,668 1,042,766 10.6

Total Inventories....................... 497,529 496,601 495,254 0.2 0.3 0.1 495,791 484,560 490,751 1.0

 Manufacturing with unfilled orders:

Unfilled Orders......................... 1,395,454 1,393,054 1,375,039 0.2 1.3 1.3 1,394,343 1,393,282 1,278,146 9.1

Total Inventories....................... 427,088 426,187 425,036 0.2 0.3 0.2 425,137 417,159 419,601 1.3

 Primary metals:

Unfilled Orders......................... 38,652 38,642 38,439 0.0 0.5 0.0 38,754 38,313 38,013 1.9

Total Inventories....................... 45,591 45,631 45,744 -0.1 -0.2 -0.7 45,525 44,987 47,128 -3.4

 Fabricated metal products:

Unfilled Orders......................... 129,658 129,881 129,850 -0.2 0.0 0.0 127,491 126,684 127,268 0.2

Total Inventories....................... 64,754 64,696 64,768 0.1 -0.1 0.1 64,662 63,594 64,856 -0.3

 Machinery: 

Unfilled Orders......................... 135,679 136,577 136,985 -0.7 -0.3 -0.4 135,836 134,324 141,083 -3.7

Total Inventories....................... 95,413 95,414 95,060 0.0 0.4 0.2 94,473 93,333 92,438 2.2

 Computers and electronic products4:

Unfilled Orders......................... 135,256 135,008 134,954 0.2 0.0 0.0 135,385 135,179 134,374 0.8

Total Inventories....................... 55,442 55,568 55,427 -0.2 0.3 0.2 55,494 54,421 55,450 0.1

 Computers and related products:

Unfilled Orders......................... 1,278 1,272 1,269 0.5 0.2 -0.5 1,278 1,272 1,304 -2.0

Total Inventories....................... 3,524 3,566 3,478 -1.2 2.5 0.8 3,387 3,457 3,517 -3.7

 Communications equipment:

Unfilled Orders......................... 17,796 17,814 17,556 -0.1 1.5 1.1 17,977 18,127 17,769 1.2

Total Inventories....................... 4,963 4,983 5,016 -0.4 -0.7 -0.4 4,877 4,764 4,987 -2.2

 Electrical equipment, appliances, 

 and components: 

Unfilled Orders......................... 43,717 43,817 43,743 -0.2 0.2 0.1 43,590 43,195 43,137 1.1

Total Inventories....................... 26,097 26,291 26,487 -0.7 -0.7 0.3 26,158 25,486 25,894 1.0

 Transportation equipment: 

Unfilled Orders......................... 899,848 896,354 878,371 0.4 2.0 2.0 900,930 903,385 781,050 15.3

Total Inventories....................... 169,047 167,768 166,316 0.8 0.9 0.3 167,781 162,277 162,023 3.6

 Motor vehicles and parts:

Unfilled Orders......................... 34,941 34,976 35,119 -0.1 -0.4 -0.7 35,627 35,180 35,486 0.4

Total Inventories....................... 54,613 54,357 54,256 0.5 0.2 -0.6 54,635 51,372 53,450 2.2

 Nondefense Aircraft and parts:

Unfilled Orders......................... 648,916 645,137 624,652 0.6 3.3 3.2 649,508 651,109 532,539 22.0

Total Inventories....................... 80,855 79,977 78,947 1.1 1.3 0.8 79,859 78,007 76,368 4.6

 Defense Aircraft and parts: 

Unfilled Orders......................... 71,672 72,227 72,824 -0.8 -0.8 -0.8 72,308 72,718 68,208 6.0

Total Inventories....................... 14,043 14,007 13,925 0.3 0.6 -1.0 13,970 13,892 13,928 0.3

 All other durable goods: 

Unfilled Orders......................... 12,644 12,775 12,697 -1.0 0.6 1.1 12,357 12,202 13,221 -6.5

Total Inventories....................... 71,298 71,117 71,202 0.3 -0.1 -0.1 71,587 70,075 71,767 -0.3

Capital goods3:

Unfilled Orders......................... 1,052,883 1,050,002 1,032,267 0.3 1.7 1.8 1,051,761 1,053,146 939,233 12.0

Total Inventories....................... 254,651 253,856 252,417 0.3 0.6 0.5 252,068 248,093 245,387 2.7

 Nondefense capital goods:

Unfilled Orders......................... 844,618 841,710 821,429 0.3 2.5 2.4 844,479 844,516 733,777 15.1

Total Inventories....................... 229,857 229,244 227,883 0.3 0.6 0.4 227,425 223,637 221,680 2.6

Excluding aircraft:

Unfilled Orders.................... 268,495 269,547 270,083 -0.4 -0.2 0.0 268,325 266,657 274,090 -2.1

Total Inventories................... 163,341 163,463 162,884 -0.1 0.4 0.1 162,036 159,832 159,097 1.8

 Defense capital goods:

Unfilled Orders......................... 208,265 208,292 210,838 0.0 -1.2 -0.6 207,282 208,630 205,456 0.9

Total Inventories....................... 24,794 24,612 24,534 0.7 0.3 1.3 24,643 24,456 23,707 3.9

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. 

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-FY23-0265). 

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, January Advance Report, February 27, 2024. 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>.