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FOR RELEASE AT 10:00 AM EDT, TUESDAY, JULY 5, 2022 

MONTHLY FULL REPORT ON MANUFACTURERS’ SHIPMENTS, INVENTORIES AND ORDERS 

MAY 2022 

Release Number: CB 22-102 M3-2 (22)-05 

July 5, 2022 — The U.S. Census Bureau announces the May full report on manufacturers’ shipments, 

inventories and orders:

MANUFACTURED GOODS – NEW ORDERS

MAY 2022 $543.4 billion +1.6%° 

APRIL 2022 

(revised) $535.0 billion +0.7%° 

Next release: August 3, 2022 

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, July 5, 2022. 

Summary

New orders for manufactured goods in May, up twelve of the last thirteen months, increased $8.4 billion 

or 1.6 percent to $543.4 billion, the U.S. Census Bureau reported today. This followed a 0.7 percent April

increase. Shipments, up twenty-four of the last twenty-five months, increased $9.9 billion or 1.8 percent 

to $544.4 billion. This followed a 0.6 percent April increase. Unfilled orders, up twenty-one consecutive 

months, increased $3.9 billion or 0.4 percent to $1,110.0 billion. This followed a 0.5 percent April increase. 

The unfilled orders-to-shipments ratio was 5.98, down from 6.05 in April. Inventories, up twenty-one of 

the last twenty-two months, increased $10.0 billion or 1.3 percent to $797.9 billion. This followed a 0.8

percent April increase. The inventories-to-shipments ratio was 1.47, unchanged from April. 

New Orders

New orders for manufactured durable goods in May, up seven of the last eight months, increased $2.1

billion or 0.8 percent to $267.5 billion, up from the previously published 0.7 percent increase. This 

followed a 0.4 percent April increase. Transportation equipment, up two consecutive months, led the 

increase, $0.9 billion or 1.0 percent to $87.8 billion. New orders for manufactured nondurable goods 

increased $6.3 billion or 2.3 percent to $275.9 billion.

-1.0%

0.0%

1.0%

2.0%

3.0%

4.0%

Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22

MANUFACTURERS' NEW ORDERS 2021-2022

Seasonally Adjusted, Month-To-Month Percentage Change

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders, July 5, 2022.
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Shipments

Shipments of manufactured durable goods in May, up twelve of the last thirteen months, increased $3.6

billion or 1.4 percent to $268.5 billion, up from the previously published 1.3 percent increase. This 

followed a 0.3 percent April increase. Transportation equipment, up seven of the last eight months, led

the increase, $1.8 billion or 2.1 percent to $84.8 billion. Shipments of manufactured nondurable goods, up 

twenty-four of the last twenty-five months, increased $6.3 billion or 2.3 percent to $275.9 billion. This 

followed a 0.9 percent April increase. Petroleum and coal products, up nine of the last ten months, led the 

increase, $5.5 billion or 8.9 percent to $66.8 billion.

Unfilled Orders

Unfilled orders for manufactured durable goods in May, up twenty-one consecutive months, increased

$3.9 billion or 0.4 percent to $1,110.0 billion, up from the previously published 0.3 percent increase. This 

followed a 0.5 percent April increase. Transportation equipment, up fifteen of the last sixteen months, led

the increase, $3.0 billion or 0.5 percent to $639.9 billion.

Inventories

Inventories of manufactured durable goods in May, up sixteen consecutive months, increased $2.8 billion 

or 0.6 percent to $482.8 billion, unchanged from the previously published increase. This followed a 0.9 

percent April increase. Machinery, up nineteen consecutive months, led the increase, $1.0 billion or 1.2

percent to $82.3 billion. Inventories of manufactured nondurable goods, up nineteen of the last twenty 

months, increased $7.2 billion or 2.3 percent to $315.1 billion. This followed a 0.6 percent April increase. 

Petroleum and coal products, up twelve of the last thirteen months, led the increase, $6.1 billion or 12.3

percent to $56.0 billion. By stage of fabrication, May materials and supplies increased 0.9 percent in 

durable goods and 2.6 percent in nondurable goods. Work in process increased 0.2 percent in durable 

goods and 2.9 percent in nondurable goods. Finished goods increased 0.6 percent in durable goods and 

1.9 percent in nondurable goods. 

The Advance Report on durable goods for June is scheduled for release on July 27, 2022, at 8:30 a.m. EDT 

and the Full Report on August 3, 2022, at 10:00 a.m. EDT. View the full schedule in the Economic Briefing

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

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

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

exclude data for semiconductor manufacturing. 

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

decrease. 

Description of the survey 

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

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

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

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

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

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

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

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

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

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

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

approximately 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 

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 
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survey documentation can be found on our web site: 

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

Special Notice - New Advance Estimates Of Total Manufacturing

Beginning with September 2021 data released on October 27, 2021, advance estimates of total 

manufacturing, including M3 durable and nondurable industries, for shipments and inventories, are

available at the same time as the Advance Report on Durable Goods Manufacturers’ Shipments, 

Inventories and Orders. Monthly advance total manufacturing estimates are available on a seasonally 

adjusted basis as well as a not seasonally adjusted basis on the M3 website under the “Advance Report 

Highlights”. 

Benchmark notice

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

issued on May 13, 2022. These revisions result from

• Benchmarking the M3 shipments and inventories data to the 2020 and 2019 Annual Survey of 

Manufactures (ASM) data; 

• Incorporating the unfilled orders-to-shipments ratios obtained for 2020, 2019, and 2018 from the 

Manufacturers’ Unfilled Orders (M3UFO) Survey;

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

orders data;

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

previously reported data;

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

review of the seasonal adjustment models. 

These revisions spanned the seasonally adjusted data for January 2012 through March 2022 and the data 

not seasonally adjusted for January 2017 through March 2022. An updated Press Release contains revised 

monthly tables for January 2022 through March 2022.
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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. Value of Manufacturers' Shipments for Industry Groups1

[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

Industry % Change

May Apr. Mar. Apr. - Mar. - Feb. - May Apr. Mar. May 2022/

2022p 2022r 2022 May Apr. Mar. 2022p 2022r 2022 2021 2022p 2021 2021

 All manufacturing industries.................. 544,388 534,507 531,180 1.8 0.6 2.2 553,223 530,561 568,556 474,006 2,607,862 2,298,760 13.4

 Excluding transportation................... 459,613 451,482 448,642 1.8 0.6 2.1 469,709 448,733 474,458 403,852 2,201,514 1,933,674 13.9

 Excluding defense.............................. 528,207 518,827 515,402 1.8 0.7 2.3 537,670 515,787 550,999 459,563 2,531,531 2,226,500 13.7

 With unfilled orders............................ 185,685 182,951 181,751 1.5 0.7 0.7 185,891 179,547 198,734 161,727 894,737 793,390 12.8

 Durable goods industries......................... 268,532 264,912 264,026 1.4 0.3 1.4 268,460 261,220 288,250 234,483 1,293,397 1,161,055 11.4

 Wood products....................................... 13,128 13,153 13,186 -0.2 -0.3 0.5 14,132 13,865 13,379 13,573 64,334 59,326 8.4

 Nonmetallic mineral products.................... 12,402 12,393 12,479 0.1 -0.7 0.0 12,835 12,404 12,517 11,658 59,081 54,497 8.4

 Primary metals....................................... 21,620 21,047 20,709 2.7 1.6 3.5 22,061 21,502 22,413 17,899 104,870 90,338 16.1

 Iron and steel mills............................ 12,466 12,052 11,614 3.4 3.8 1.7 12,736 12,316 12,482 10,294 59,967 49,601 20.9

 Aluminum and nonferrous metals.......... 7,609 7,467 7,633 1.9 -2.2 6.8 7,709 7,610 8,317 6,263 37,440 34,430 8.7

 Ferrous metal foundries....................... 1,545 1,528 1,462 1.1 4.5 1.9 1,616 1,576 1,614 1,342 7,463 6,307 18.3

 Fabricated metal products....................... 36,830 36,563 36,672 0.7 -0.3 1.0 37,751 36,587 38,644 32,812 180,549 157,171 14.9

 Machinery............................................. 37,628 37,068 36,945 1.5 0.3 0.9 38,055 36,811 41,472 32,877 183,505 159,030 15.4

 Farm machinery................................. 2,781 2,537 2,546 9.6 -0.4 5.1 2,881 3,072 3,122 2,613 14,200 14,150 0.4

 Construction machinery..................... 3,567 3,573 3,419 -0.2 4.5 4.4 3,700 3,770 3,774 2,903 17,208 14,058 22.4

 Mining, oil field, and 

 gas field machinery.......................... 1,517 1,420 1,426 6.8 -0.4 1.9 1,462 1,328 1,551 1,197 6,877 6,034 14.0

 Industrial machinery.......................... 6,230 6,211 6,181 0.3 0.5 -0.3 5,948 5,515 7,110 4,294 29,429 17,893 64.5

 Photographic equipment...................... 524 512 531 2.3 -3.6 -0.6 505 450 624 509 2,489 2,491 -0.1

 Ventilation, heating, air-conditioning,

 and refrigeration equipment............ 4,563 4,522 4,547 0.9 -0.5 -0.9 4,919 4,526 4,952 4,367 21,925 19,656 11.5

 Metalworking machinery..................... 2,642 2,630 2,623 0.5 0.3 -0.6 2,558 2,461 2,858 2,494 12,683 12,364 2.6

 Turbines, generators, and other

 power transmission equipment....... 3,181 3,118 3,194 2.0 -2.4 0.5 3,265 3,169 3,301 3,257 16,068 15,966 0.6

 Material handling equipment............... 3,455 3,514 3,493 -1.7 0.6 0.7 3,449 3,440 3,986 2,794 17,219 13,403 28.5

 Computers and electronic products2

.......... 28,496 28,408 28,245 0.3 0.6 -0.3 26,916 25,838 30,200 25,504 133,798 127,652 4.8

 Computers........................................ 731 735 727 -0.5 1.1 -2.9 742 686 680 787 3,321 3,413 -2.7

 Computer storage devices..................... 653 650 610 0.5 6.6 -0.7 548 574 774 469 2,893 2,571 12.5

 Other peripheral equipment................ 440 449 508 -2.0 -11.6 7.2 405 361 574 404 2,115 2,060 2.7

 Nondefense communications

 equipment.................................... 3,039 3,015 2,971 0.8 1.5 -3.1 2,802 2,630 3,496 2,515 13,863 12,642 9.7

 Defense communications equipment.... 205 214 202 -4.2 5.9 -3.3 198 206 217 179 997 910 9.6

 Audio and video equipment.................... 416 455 464 -8.6 -1.9 5.0 375 359 383 311 1,884 1,341 40.5

 Electronic components......................... 4,624 4,509 4,485 2.6 0.5 -0.1 4,625 4,263 4,893 3,901 21,894 19,072 14.8

 Nondefense search and navigation

 equipment...................................... 1,621 1,663 1,605 -2.5 3.6 -1.8 1,598 1,455 1,878 1,558 7,901 7,785 1.5

 Defense search and navigation

 equipment..................................... 3,236 3,208 3,194 0.9 0.4 -1.7 3,152 3,047 3,441 3,133 15,447 15,404 0.3

 Electromedical, measuring,

 and control instruments................. 8,548 8,574 8,475 -0.3 1.2 0.3 8,107 7,875 9,437 7,940 40,406 39,855 1.4

 Electrical equipment, appliances, 

 and components................................... 13,323 13,092 13,266 1.8 -1.3 1.9 13,314 12,854 14,453 11,767 63,508 56,718 12.0

 Electric lighting equipment..................... 1,020 1,020 1,034 0.0 -1.4 0.8 1,048 1,006 1,077 1,055 4,991 4,934 1.2

 Household appliances........................ 2,728 2,637 2,680 3.5 -1.6 2.5 2,701 2,584 3,003 2,477 12,676 12,036 5.3

 Electrical equipment............................ 3,759 3,664 3,654 2.6 0.3 0.7 3,810 3,485 4,208 3,397 17,924 16,622 7.8

 Batteries........................................... 966 933 1,041 3.5 -10.4 6.4 926 876 1,061 772 4,462 3,828 16.6

 Transportation equipment........................ 84,775 83,025 82,538 2.1 0.6 2.6 83,514 81,828 94,098 70,154 406,348 365,086 11.3

 Automobiles..................................... 7,336 7,742 7,946 -5.2 -2.6 14.3 7,120 7,601 9,293 6,445 36,226 34,282 5.7

 Light trucks and utility vehicles.............. 22,095 21,185 21,090 4.3 0.5 5.0 21,462 20,924 24,999 16,289 104,292 93,248 11.8

 Heavy duty trucks ............................. 2,259 2,288 2,245 -1.3 1.9 -0.4 2,294 2,312 2,554 2,017 11,178 9,585 16.6

 Motor vehicle bodies, parts, 

 and trailers.................................... 26,649 26,493 26,184 0.6 1.2 1.9 27,334 26,928 29,027 23,496 133,039 119,230 11.6

 Nondefense aircraft and parts................ 10,840 10,254 9,989 5.7 2.7 -0.7 9,914 9,596 11,416 8,086 47,513 40,445 17.5

 Defense aircraft and parts.................. 5,349 5,325 5,364 0.5 -0.7 -3.1 5,150 4,823 6,039 5,010 25,261 25,307 -0.2

 Ships and boats................................. 3,552 3,436 3,505 3.4 -2.0 -0.8 3,764 3,459 3,820 3,650 17,406 17,392 0.1

 Furniture and related products.................. 6,243 6,157 6,117 1.4 0.7 0.5 6,217 6,054 6,248 5,717 29,909 28,099 6.4

 Miscellaneous durable goods................. 14,087 14,006 13,869 0.6 1.0 0.0 13,665 13,477 14,826 12,522 67,495 63,138 6.9

 Nondurable goods industries..................... 275,856 269,595 267,154 2.3 0.9 2.9 284,763 269,341 280,306 239,523 1,314,465 1,137,705 15.5

 Food products....................................... 75,907 76,067 75,316 -0.2 1.0 0.9 76,096 74,726 77,079 72,147 370,619 351,055 5.6

 Grain and oilseed milling....................... 9,204 9,156 9,006 0.5 1.7 3.5 9,219 8,922 9,376 7,951 44,380 39,298 12.9

 Dairy products.................................. 11,944 11,951 11,615 -0.1 2.9 0.4 12,101 11,748 11,828 11,263 57,676 54,402 6.0

 Meat, poultry, and seafood products... 23,151 23,047 22,949 0.5 0.4 1.3 23,828 22,986 23,365 22,408 112,903 104,862 7.7

 Beverage and tobacco products................ 15,978 15,558 15,535 2.7 0.1 3.9 16,569 15,727 15,530 14,234 75,483 65,886 14.6

 Beverages......................................... 9,748 9,869 9,648 -1.2 2.3 -2.5 10,339 10,038 9,643 9,838 47,533 44,450 6.9

 Tobacco............................................ 6,230 5,689 5,887 9.5 -3.4 16.4 6,230 5,689 5,887 4,396 27,950 21,436 30.4

 Textile mills........................................... 2,315 2,323 2,306 -0.3 0.7 -0.8 2,355 2,375 2,425 2,284 11,556 11,058 4.5

 Textile products................................... 2,027 1,988 1,985 2.0 0.2 0.1 2,116 2,041 2,061 1,986 9,943 9,452 5.2

 Apparel................................................ 730 758 748 -3.7 1.3 2.3 685 661 713 671 3,414 3,270 4.4

 Leather and allied products...................... 452 449 428 0.7 4.9 7.3 486 482 442 418 2,125 1,921 10.6

 Paper products...................................... 16,484 16,415 16,428 0.4 -0.1 0.0 16,690 15,978 17,097 15,673 80,970 76,651 5.6

 Pulp, paper, and paperboard mills....... 6,030 5,955 5,922 1.3 0.6 -0.6 6,071 5,778 6,090 5,652 29,258 27,572 6.1

 Paperboard containers........................ 6,000 6,040 6,103 -0.7 -1.0 0.0 5,968 5,884 6,418 5,675 29,726 28,610 3.9

 Printing................................................. 6,719 6,687 6,677 0.5 0.1 1.4 6,771 6,657 6,988 6,110 32,588 30,284 7.6

 Petroleum and coal products.................. 66,841 61,375 59,864 8.9 2.5 11.0 72,461 62,619 62,631 43,501 290,559 188,100 54.5

 Petroleum refineries.......................... 61,794 56,418 54,947 9.5 2.7 12.0 67,146 57,800 57,938 38,952 267,880 166,924 60.5

 Chemical products..................................... 66,004 65,498 65,548 0.8 -0.1 0.1 67,375 65,292 71,568 61,771 326,510 300,359 8.7

 Pesticides, fertilizers, and other

 agricultural chemicals....................... 3,156 3,136 3,174 0.6 -1.2 -0.7 3,679 3,791 4,266 3,215 18,156 16,023 13.3

 Pharmaceuticals and medicines............. 21,298 20,933 20,883 1.7 0.2 -0.6 21,428 20,172 22,199 19,224 102,134 94,324 8.3

 Paints, coatings, and adhesives.......... 3,770 3,724 3,812 1.2 -2.3 0.6 4,124 3,985 4,227 3,675 19,062 17,743 7.4

 Plastics and rubber products.................. 22,399 22,477 22,319 -0.3 0.7 0.7 23,159 22,783 23,772 20,728 110,698 99,669 11.1

Year to date

p

 Preliminary 

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

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

Note: Estimates of manufacturers' shipments, inventories and orders are subject to survey error and revision. One major component of survey error is nonsampling error, which includes errors of coverage, response, and nonreporting. Since the 

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

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, May Full Report, July 5, 2022. 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. Value of Manufacturers' New Orders for Industry Groups1

[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

Industry % Change

May Apr. Mar. Apr. - Mar. - Feb. - May Apr. Mar. May 2022/

2022p 2022r 2022 May Apr. Mar. 2022p 2022r 2022 2021 2022p 2021 2021

All manufacturing industries2

........................ 543,373 534,971 531,412 1.6 0.7 1.8 548,799 529,707 574,394 474,847 2,625,552 2,319,904 13.2

 Excluding transportation2...................... 455,580 448,062 445,192 1.7 0.6 2.2 465,982 447,521 474,315 405,644 2,197,895 1,950,450 12.7

 Excluding defense2.............................. 527,485 519,548 516,540 1.5 0.6 2.1 535,226 516,511 554,520 463,073 2,552,846 2,246,034 13.7

 With unfilled orders2............................. 189,570 188,269 186,907 0.7 0.7 -0.4 185,754 183,001 208,916 166,798 935,116 836,742 11.8

 Durable goods industries2......................... 267,517 265,376 264,258 0.8 0.4 0.7 264,036 260,366 294,088 235,324 1,311,087 1,182,199 10.9

 Primary metals........................................ 21,621 20,962 20,783 3.1 0.9 3.3 21,851 21,239 22,667 19,013 106,279 94,315 12.7

 Iron and steel mills.............................. 12,389 11,838 11,655 4.7 1.6 1.1 12,643 12,010 12,774 10,805 60,629 51,823 17.0

 Aluminum and nonferrous metals.......... 7,619 7,482 7,521 1.8 -0.5 6.4 7,570 7,504 8,180 6,783 37,690 35,774 5.4

 Ferrous metal foundries....................... 1,613 1,642 1,607 -1.8 2.2 5.3 1,638 1,725 1,713 1,425 7,960 6,718 18.5

 Fabricated metal products........................ 36,949 36,891 36,986 0.2 -0.3 1.2 38,570 37,892 40,571 35,138 187,012 174,540 7.1

 Machinery............................................. 38,214 37,763 37,379 1.2 1.0 0.6 38,185 38,014 41,594 34,222 190,019 168,469 12.8

 Construction machinery........................ 3,676 3,576 3,549 2.8 0.8 7.5 3,531 3,688 3,886 2,909 18,009 16,057 12.2

 Mining, oil field, and

 gas field machinery.......................... 1,517 1,487 1,322 2.0 12.5 2.2 1,462 1,395 1,447 1,226 6,775 6,105 11.0

 Industrial machinery............................ 6,307 6,348 6,264 -0.6 1.3 -4.6 5,935 5,911 7,226 4,597 30,777 19,146 60.7

 Photographic equipment....................... 466 474 518 -1.7 -8.5 5.5 407 422 552 505 2,329 2,537 -8.2

 Ventilation, heating, air-conditioning,

 and refrigeration equipment............... 4,907 4,975 4,469 -1.4 11.3 -1.7 5,320 5,179 4,910 4,545 23,846 21,038 13.3

 Metalworking machinery....................... 2,755 2,693 2,767 2.3 -2.7 13.4 2,512 2,574 2,823 2,592 12,966 12,711 2.0

 Turbines, generators, and other 

 power transmission equipment........... 3,114 2,994 3,154 4.0 -5.1 -4.8 3,198 3,045 3,261 3,259 15,943 16,515 -3.5

 Material handling equipment.................. 3,425 3,570 3,701 -4.1 -3.5 2.6 3,360 3,347 4,119 2,846 17,831 13,522 31.9

 Computers and electronic products2

........... 23,858 23,741 23,742 0.5 0.0 1.8 22,163 21,647 27,266 21,141 112,697 107,768 4.6

 Computers........................................ 726 732 729 -0.8 0.4 -2.1 737 683 682 762 3,299 3,380 -2.4

 Nondefense communications

 equipment...................................... 3,213 3,138 3,161 2.4 -0.7 6.2 2,761 2,700 3,775 2,580 14,357 13,174 9.0

 Defense communications equipment....... 199 208 194 -4.3 7.2 -4.4 188 191 217 161 966 846 14.2

 Electronic components......................... 4,526 4,449 4,615 1.7 -3.6 0.6 4,426 4,346 4,925 4,088 22,208 19,814 12.1

 Nondefense search and navigation

 equipment...................................... 1,744 1,781 1,735 -2.1 2.7 -6.0 1,650 1,600 2,027 1,702 8,655 8,673 -0.2

 Defense search and navigation

 equipment...................................... 3,206 3,112 3,137 3.0 -0.8 9.3 2,796 2,918 4,065 2,567 14,880 15,178 -2.0

 Electromedical, measuring,

 and control instruments..................... 8,652 8,685 8,509 -0.4 2.1 0.2 8,200 7,841 9,761 8,020 41,052 40,340 1.8

 Electrical equipment, appliances, 

 and components................................... 13,328 13,464 13,593 -1.0 -0.9 2.6 13,434 13,516 14,838 12,544 65,903 60,424 9.1

 Electric lighting equipment..................... 1,011 1,025 1,058 -1.4 -3.1 1.0 995 1,000 1,116 1,011 5,001 5,046 -0.9

 Household appliances.......................... 2,421 2,496 2,557 -3.0 -2.4 -9.8 2,433 2,535 3,010 2,645 12,175 12,562 -3.1

 Electrical equipment............................ 4,025 4,142 3,892 -2.8 6.4 1.9 4,059 4,033 4,366 3,387 20,028 17,028 17.6

 Transportation equipment........................ 87,793 86,909 86,220 1.0 0.8 -0.3 82,817 82,186 100,079 69,203 427,657 369,454 15.8

 Motor vehicle bodies, parts, 

 and trailers..................................... 26,631 26,791 26,591 -0.6 0.8 2.7 27,012 26,746 29,243 23,552 133,956 121,157 10.6

 Nondefense aircraft and parts3................ 14,192 14,329 13,933 -1.0 2.8 -8.1 11,238 11,886 15,367 9,271 71,012 41,326 71.8

 Defense aircraft and parts.................... 5,321 4,923 4,806 8.1 2.4 -14.7 4,357 4,148 5,923 3,698 22,365 24,436 -8.5

 Ships and boats.................................. 3,688 3,364 2,951 9.6 14.0 -18.0 3,435 2,517 4,907 2,543 17,469 23,431 -25.4

 Furniture and related products................... 6,139 6,085 6,019 0.9 1.1 -0.6 6,386 6,117 6,349 6,226 30,453 30,056 1.3

 Nondurable goods industries..................... 275,856 269,595 267,154 2.3 0.9 2.9 284,763 269,341 280,306 239,523 1,314,465 1,137,705 15.5

Year to date

p

 Preliminary 

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

 Data on new orders are not available for the semiconductor industry. Estimates and percent changes for new orders exclude semiconductor industry data. 

Note: Estimates of manufacturers' shipments, inventories and orders are subject to survey error and revision. One major component of survey error is nonsampling error, which includes errors of coverage, response, and nonreporting. 

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

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, May Full Report, July 5, 2022. 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 3. Value of Manufacturers' Unfilled Orders for Industry Groups1

[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 % Change

Industry May

May Apr. Mar. Apr. - Mar. - Feb. - May Apr. Mar. May 2022/

2022p 2022r 2022 May Apr. Mar. 2022p 2022r 2022 2021 2021

All manufacturing industries2...................... 1,109,997 1,106,112 1,100,794 0.4 0.5 0.5 1,114,980 1,115,117 1,111,663 1,039,935 7.2

 Excluding transportation2...................... 470,057 469,190 467,756 0.2 0.3 0.3 475,442 474,882 471,786 440,232 8.0

 Excluding defense2

............................. 902,069 897,891 892,316 0.5 0.6 0.7 906,817 904,974 899,942 825,277 9.9

 Durable goods industries2........................ 1,109,997 1,106,112 1,100,794 0.4 0.5 0.5 1,114,980 1,115,117 1,111,663 1,039,935 7.2

 Primary metals........................................ 31,264 31,263 31,348 0.0 -0.3 0.2 31,654 31,864 32,127 30,334 4.4

 Iron and steel mills............................... 16,044 16,121 16,335 -0.5 -1.3 0.3 16,328 16,421 16,727 16,298 0.2

 Aluminum and nonferrous metals............. 10,957 10,947 10,932 0.1 0.1 -1.0 11,065 11,204 11,310 10,670 3.7

 Ferrous metal foundries........................ 4,263 4,195 4,081 1.6 2.8 3.7 4,261 4,239 4,090 3,366 26.6

 Fabricated metal products......................... 118,233 118,114 117,786 0.1 0.3 0.3 120,433 119,614 118,309 111,818 7.7

 Machinery.............................................. 130,209 129,623 128,928 0.5 0.5 0.3 131,436 131,306 130,103 117,956 11.4

 Construction machinery......................... 9,809 9,700 9,697 1.1 0.0 1.4 10,066 10,235 10,317 8,310 21.1

 Mining, oil field, and

 gas field machinery.......................... 4,965 4,965 4,898 0.0 1.4 -2.1 4,965 4,965 4,898 4,613 7.6

 Industrial machinery............................. 12,009 11,932 11,795 0.6 1.2 0.7 12,265 12,278 11,882 9,981 22.9

 Photographic equipment........................ 3,037 3,095 3,133 -1.9 -1.2 -0.4 2,993 3,091 3,119 3,359 -10.9

 Ventilation, heating, air-conditioning,

 and refrigeration equipment................ 10,744 10,400 9,947 3.3 4.6 -0.8 11,198 10,797 10,144 8,179 36.9

 Metalworking machinery........................ 8,735 8,622 8,559 1.3 0.7 1.7 8,677 8,723 8,610 7,684 12.9

 Turbines, generators, and other 

 power transmission equipment............ 33,294 33,361 33,485 -0.2 -0.4 -0.1 33,294 33,361 33,485 32,820 1.4

 Material handling equipment................... 16,566 16,596 16,540 -0.2 0.3 1.3 16,422 16,511 16,604 14,250 15.2

 Computers and electronic products2............. 140,163 139,901 139,714 0.2 0.1 0.3 140,590 141,056 140,939 134,212 4.8

 Computers......................................... 1,197 1,202 1,205 -0.4 -0.2 0.2 1,197 1,202 1,205 1,344 -10.9

 Nondefense communications

 equipment...................................... 21,499 21,325 21,202 0.8 0.6 0.9 21,496 21,537 21,467 18,078 18.9

 Defense communications equipment........ 297 303 309 -2.0 -1.9 -2.5 309 319 334 438 -29.5

 Electronic components.......................... 15,931 16,029 16,089 -0.6 -0.4 0.8 16,086 16,285 16,202 14,990 7.3

 Nondefense search and navigation

 equipment....................................... 31,919 31,796 31,678 0.4 0.4 0.4 31,845 31,793 31,648 29,824 6.8

 Defense search and navigation

 equipment....................................... 38,255 38,285 38,381 -0.1 -0.3 -0.1 38,391 38,747 38,876 39,087 -1.8

 Electromedical, measuring,

 and control instruments...................... 31,065 30,961 30,850 0.3 0.4 0.1 31,266 31,173 31,207 30,451 2.7

 Electrical equipment, appliances, 

 and components.................................... 38,488 38,483 38,111 0.0 1.0 0.9 39,196 39,076 38,414 34,332 14.2

 Electric lighting equipment..................... 2,200 2,209 2,204 -0.4 0.2 1.1 2,163 2,216 2,222 1,979 9.3

 Household appliances........................... 4,869 5,176 5,317 -5.9 -2.7 -2.3 4,906 5,174 5,223 4,996 -1.8

 Electrical equipment............................. 16,015 15,749 15,271 1.7 3.1 1.6 16,317 16,068 15,520 14,387 13.4

 Transportation equipment......................... 639,940 636,922 633,038 0.5 0.6 0.6 639,538 640,235 639,877 599,703 6.6

 Motor vehicle bodies, parts, 

 and trailers...................................... 28,468 28,486 28,188 -0.1 1.1 1.5 28,664 28,986 29,168 25,628 11.8

 Nondefense aircraft and parts................ 429,508 426,156 422,081 0.8 1.0 0.9 428,832 427,508 425,218 385,227 11.3

 Defense aircraft and parts..................... 55,717 55,745 56,147 -0.1 -0.7 -1.0 55,662 56,455 57,130 59,192 -6.0

 Ships and boats.................................. 48,814 48,678 48,750 0.3 -0.1 -1.1 49,670 49,999 50,941 55,202 -10.0

 Furniture and related products................... 10,315 10,419 10,491 -1.0 -0.7 -0.9 10,748 10,579 10,516 10,187 5.5

p

 Preliminary 

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

 Data on unfilled orders are not available for the semiconductor industry. Estimates and percent changes for unfilled orders exclude semiconductor industry data. 

Note: Estimates of manufacturers' shipments, inventories and orders are subject to survey error and revision. One major component of survey error is nonsampling error, which includes errors of coverage, response, and 

nonreporting. Since the survey panel is not a probability sample, estimates of sampling error cannot be calculated. For further details on survey design, methodology, and data limitations see 

<http://www.census.gov/manufacturing/m3/>. 

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, May Full Report, July 5, 2022. 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 4. Value of Manufacturers' Inventories for Industry Groups1

[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 % Change

Industry May

May Apr. Mar. Apr. - Mar. - Feb. - May Apr. Mar. May 2022/

2022p 2022r 2022 May Apr. Mar. 2022p 2022r 2022 2021 2021

 All manufacturing industries...................... 797,925 787,969 781,702 1.3 0.8 1.4 804,273 791,559 784,560 722,736 11.3

 Excluding transportation........................ 640,997 631,077 625,885 1.6 0.8 1.5 646,633 634,578 629,366 572,040 13.0

 Excluding defense............................. 771,738 761,841 755,739 1.3 0.8 1.4 777,891 765,277 758,572 697,370 11.5

 With unfilled orders............................. 386,410 384,336 381,720 0.5 0.7 0.8 390,078 386,872 382,060 355,751 9.6

 Durable goods industries........................ 482,812 480,051 475,761 0.6 0.9 0.9 487,182 482,883 476,565 442,600 10.1

 Wood products........................................ 14,751 14,726 14,526 0.2 1.4 1.2 14,567 14,806 14,927 13,402 8.7

 Nonmetallic mineral products..................... 15,852 15,683 15,347 1.1 2.2 0.0 16,201 15,969 15,648 14,529 11.5

 Primary metals......................................... 39,473 38,929 38,415 1.4 1.3 0.7 39,793 39,278 38,430 33,539 18.6

 Iron and steel mills............................... 23,313 23,039 22,768 1.2 1.2 -0.3 23,373 23,053 22,681 19,353 20.8

 Aluminum and nonferrous metals............ 13,464 13,229 13,024 1.8 1.6 2.4 13,658 13,484 13,060 11,739 16.3

 Ferrous metal foundries........................ 2,696 2,661 2,623 1.3 1.4 0.8 2,762 2,741 2,689 2,447 12.9

 Fabricated metal products......................... 62,259 61,795 61,305 0.8 0.8 0.3 63,062 62,418 61,631 55,661 13.3

 Machinery.............................................. 82,299 81,336 80,479 1.2 1.1 1.5 83,347 81,906 81,484 71,416 16.7

 Farm machinery.................................. 5,814 5,732 5,507 1.4 4.1 5.4 5,909 5,819 5,761 3,982 48.4

 Construction machinery......................... 7,083 6,935 6,843 2.1 1.3 2.6 7,149 7,086 7,044 5,582 28.1

 Mining, oil field, 

 and gas field machinery.................... 6,037 6,009 5,948 0.5 1.0 0.5 6,092 6,020 5,872 5,915 3.0

 Industrial machinery............................. 10,483 10,319 10,262 1.6 0.6 1.8 10,566 10,004 10,615 9,117 15.9

 Photographic equipment....................... 1,401 1,394 1,379 0.5 1.1 -0.3 1,406 1,407 1,333 1,312 7.2

 Ventilation, heating, air-conditioning,

 and refrigeration equipment............... 7,220 7,083 6,951 1.9 1.9 2.5 7,622 7,494 7,376 6,207 22.8

 Metalworking machinery........................ 6,588 6,487 6,460 1.6 0.4 0.5 6,652 6,492 6,414 5,987 11.1

 Turbines, generators, and other

 power transmission equipment............ 10,189 10,087 10,064 1.0 0.2 0.6 10,338 10,213 10,054 9,124 13.3

 Material handling equipment.................. 6,636 6,601 6,573 0.5 0.4 -0.3 6,655 6,635 6,536 5,551 19.9

 Computers and electronic products2............ 51,727 51,686 51,426 0.1 0.5 0.5 52,312 52,042 50,844 49,860 4.9

 Computers......................................... 2,119 2,087 2,062 1.5 1.2 1.9 2,168 2,023 1,991 1,981 9.4

 Computer storage devices.................... 898 902 896 -0.4 0.7 4.7 886 856 819 935 -5.2

 Other peripheral equipment................... 894 838 816 6.7 2.7 -0.9 946 850 818 804 17.7

 Nondefense communications

 equipment...................................... 4,669 4,725 4,688 -1.2 0.8 1.8 4,789 4,752 4,582 4,575 4.7

 Defense communications equipment........ 659 663 658 -0.6 0.8 -3.9 659 663 658 668 -1.3

 Audio and video equipment.................... 1,102 1,051 1,011 4.9 4.0 1.9 1,129 1,090 1,052 862 31.0

 Electronic components.......................... 9,828 9,976 9,979 -1.5 0.0 -0.5 9,877 10,425 10,044 10,006 -1.3

 Nondefense search and navigation

 equipment...................................... 3,305 3,292 3,277 0.4 0.5 1.0 3,316 3,302 3,236 3,114 6.5

 Defense search and navigation

 equipment....................................... 2,833 2,843 2,837 -0.4 0.2 0.0 2,910 2,889 2,842 2,953 -1.5

 Electromedical, measuring 

 and control instruments...................... 17,525 17,470 17,443 0.3 0.2 0.7 17,751 17,509 17,289 16,621 6.8

 Electrical equipment, appliances, 

 and components.................................... 22,821 22,527 22,212 1.3 1.4 0.9 23,245 22,915 22,415 19,917 16.7

 Electric lighting equipment..................... 2,069 2,035 2,051 1.7 -0.8 -2.7 2,074 2,034 2,032 1,991 4.2

 Household appliances........................... 3,395 3,280 3,132 3.5 4.7 1.9 3,408 3,324 3,165 2,561 33.1

 Electrical equipment............................. 7,596 7,522 7,351 1.0 2.3 0.6 7,902 7,707 7,408 6,850 15.4

 Batteries............................................ 1,643 1,628 1,645 0.9 -1.0 2.5 1,716 1,655 1,712 1,617 6.1

 Transportation equipment......................... 156,928 156,892 155,817 0.0 0.7 1.2 157,640 156,981 155,194 150,696 4.6

 Automobiles....................................... 6,589 6,538 6,467 0.8 1.1 -0.8 6,424 6,416 6,320 5,381 19.4

 Light trucks and utility vehicles.............. 10,058 10,028 9,464 0.3 6.0 5.5 10,218 9,910 9,392 9,065 12.7

 Heavy duty trucks ............................... 2,708 2,737 2,792 -1.1 -2.0 -0.5 2,812 2,782 2,826 2,530 11.1

 Motor vehicle bodies, parts, 

 and trailers...................................... 32,405 32,219 31,934 0.6 0.9 1.2 32,598 32,635 32,137 29,409 10.8

 Nondefense aircraft and parts................ 75,817 76,156 76,194 -0.4 0.0 0.9 76,151 75,947 75,570 76,418 -0.3

 Defense aircraft and parts..................... 12,753 12,764 12,736 -0.1 0.2 0.5 12,811 12,839 12,681 12,464 2.8

 Ships and boats.................................. 4,401 4,329 4,241 1.7 2.1 2.9 4,461 4,360 4,308 3,783 17.9

 Furniture and related products.................... 9,770 9,696 9,596 0.8 1.0 1.6 9,901 9,726 9,537 8,278 19.6

 Miscellaneous durable goods..................... 26,932 26,781 26,638 0.6 0.5 0.7 27,114 26,842 26,455 25,302 7.2

 Nondurable goods industries...................... 315,113 307,918 305,941 2.3 0.6 2.1 317,091 308,676 307,995 280,136 13.2

 Food products........................................ 62,732 62,495 62,367 0.4 0.2 1.2 61,193 61,576 61,649 57,930 5.6

 Grain and oilseed milling........................ 7,988 7,865 7,772 1.6 1.2 4.4 7,659 7,804 7,823 6,666 14.9

 Dairy products.................................... 9,268 9,182 9,046 0.9 1.5 1.3 9,532 9,399 9,138 8,682 9.8

 Meat, poultry, and seafood products....... 10,632 10,607 10,566 0.2 0.4 1.2 10,570 10,598 10,636 10,389 1.7

 Beverage and tobacco products................ 28,231 28,069 27,870 0.6 0.7 0.2 28,447 28,354 28,034 26,754 6.3

 Beverages......................................... 24,546 24,364 24,192 0.7 0.7 0.3 24,840 24,628 24,257 23,299 6.6

 Tobacco............................................ 3,685 3,705 3,678 -0.5 0.7 -0.3 3,607 3,726 3,777 3,455 4.4

 Textile mills............................................ 3,509 3,455 3,409 1.6 1.3 0.4 3,541 3,477 3,418 3,040 16.5

 Textile products...................................... 4,270 4,235 4,169 0.8 1.6 -0.3 4,240 4,214 4,175 3,774 12.3

 Apparel................................................. 2,198 2,141 2,073 2.7 3.3 1.6 2,244 2,126 2,004 1,874 19.7

 Leather and allied products....................... 1,029 1,031 1,008 -0.2 2.3 3.8 1,075 1,053 1,006 905 18.8

 Paper products....................................... 16,406 16,342 16,256 0.4 0.5 0.2 16,522 16,365 16,244 15,446 7.0

 Pulp, paper, and paperboard mills........... 4,904 4,896 4,895 0.2 0.0 0.0 4,949 4,929 4,948 4,825 2.6

 Paperboard containers......................... 6,002 5,952 5,892 0.8 1.0 0.1 6,003 5,869 5,855 5,498 9.2

 Printing.................................................. 6,305 6,316 6,355 -0.2 -0.6 1.5 6,234 6,352 6,355 5,861 6.4

 Petroleum and coal products..................... 55,985 49,851 49,410 12.3 0.9 8.6 58,297 50,213 50,735 38,726 50.5

 Petroleum refineries............................. 49,262 43,560 42,897 13.1 1.5 9.6 51,413 43,844 44,153 33,402 53.9

 Chemical products..................................... 103,065 102,809 102,231 0.2 0.6 0.9 103,778 103,526 103,294 97,932 6.0

 Pesticides, fertilizers, and other

 agricultural chemicals........................ 6,309 6,212 6,001 1.6 3.5 0.8 6,295 6,382 6,401 5,502 14.4

 Pharmaceuticals and medicines.............. 42,993 43,286 43,458 -0.7 -0.4 0.9 43,563 43,536 43,802 44,427 -1.9

 Paints, coatings, and adhesives.............. 4,910 4,798 4,626 2.3 3.7 2.5 4,975 4,957 4,788 3,827 30.0

 Plastics and rubber products..................... 31,383 31,174 30,793 0.7 1.2 1.7 31,520 31,420 31,081 27,894 13.0

p Preliminary 

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

 Estimates of inventories for the semiconductor industry data are included in computers and electronic products, and all other applicable aggregate totals. 

Note: Estimates of manufacturers' shipments, inventories and orders are subject to survey error and revision. One major component of survey error is nonsampling error, which includes errors of coverage, response, and nonreporting. Since the 

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

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, May Full Report, July 5, 2022. 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 5. Value of Manufacturers' Shipments, New Orders, Unfilled Orders, and Total Inventories for 

 Topical Series1, 2

[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

Industry % Change6

May Apr. Mar. Apr. - Mar. - Feb. - May Apr. Mar. May 2022/

2022p 2022r 2022 May Apr. Mar. 2022p 2022r 2022 2021 2022p 2021 2021

SHIPMENTS

 All manufacturing industries......................... 544,388 534,507 531,180 1.8 0.6 2.2 553,223 530,561 568,556 474,006 2,607,862 2,298,760 13.4

 Construction materials and supplies....... 61,437 61,166 61,598 0.4 -0.7 0.5 64,547 62,150 63,352 57,713 297,974 266,897 11.6

 Information technology......................... 24,346 24,395 24,224 -0.2 0.7 -0.2 23,338 22,620 26,691 21,948 115,159 108,161 6.5

 Computers and related products........... 1,824 1,834 1,845 -0.5 -0.6 0.4 1,695 1,621 2,028 1,660 8,329 8,044 3.5

 Motor vehicle and parts......................... 58,339 57,708 57,465 1.1 0.4 4.5 58,210 57,765 65,873 48,247 284,735 256,345 11.1

 Capital goods...................................... 93,730 92,164 91,745 1.7 0.5 0.2 91,553 88,525 102,159 81,332 446,060 400,934 11.3

 Nondefense capital goods3.................. 79,773 78,552 77,948 1.6 0.8 0.4 78,024 75,599 86,898 68,659 379,299 337,931 12.2

 Excluding aircraft............................. 72,721 72,144 71,569 0.8 0.8 0.3 71,756 69,672 79,483 63,514 350,281 312,286 12.2

 Defense capital goods4........................ 13,957 13,612 13,797 2.5 -1.3 -1.0 13,529 12,926 15,261 12,673 66,761 63,003 6.0

 Consumer goods.................................. 235,153 228,219 225,830 3.0 1.1 4.3 240,819 226,879 238,690 195,942 1,105,080 944,936 16.9

 Consumer durable goods..................... 44,119 43,368 43,422 1.7 -0.1 5.4 43,200 42,854 49,668 36,408 211,015 194,900 8.3

 Consumer nondurable goods................ 191,034 184,851 182,408 3.3 1.3 4.1 197,619 184,025 189,022 159,534 894,065 750,036 19.2

 All manufacturing industries5...................... 543,373 534,971 531,412 1.6 0.7 1.8 548,799 529,707 574,394 474,847 2,625,552 2,319,904 13.2

 Construction materials and supplies....... 61,664 61,575 61,754 0.1 -0.3 0.5 65,619 63,712 64,888 61,236 304,398 283,324 7.4

 Information technology......................... 24,703 24,634 24,690 0.3 -0.2 3.8 23,165 22,795 28,178 22,287 117,055 112,451 4.1

 Computers and related products........... 1,819 1,831 1,847 -0.7 -0.9 0.8 1,690 1,618 2,030 1,635 8,307 8,011 3.7

 Motor vehicle and parts......................... 58,321 58,006 57,872 0.5 0.2 4.9 57,888 57,583 66,089 48,303 285,652 258,272 10.6

 Capital goods...................................... 97,539 96,671 96,113 0.9 0.6 -1.6 91,554 90,924 110,060 81,643 477,076 419,641 13.7

 Nondefense capital goods3.................. 83,817 83,294 83,064 0.6 0.3 -0.4 79,639 79,497 92,344 71,186 412,990 353,608 16.8

 Excluding aircraft............................. 73,547 73,115 72,857 0.6 0.4 1.1 71,983 71,119 81,019 64,871 360,249 326,833 10.2

 Defense capital goods4........................ 13,722 13,377 13,049 2.6 2.5 -8.7 11,915 11,427 17,716 10,457 64,086 66,033 -2.9

 Consumer goods.................................. 234,777 228,053 225,614 2.9 1.1 4.1 240,483 226,708 238,653 196,328 1,104,618 946,738 16.7

 Consumer durable goods..................... 43,743 43,202 43,206 1.3 0.0 4.1 42,864 42,683 49,631 36,794 210,553 196,702 7.0

 Consumer nondurable goods.............. 191,034 184,851 182,408 3.3 1.3 4.1 197,619 184,025 189,022 159,534 894,065 750,036 19.2

 All manufacturing industries5...................... 1,109,997 1,106,112 1,100,794 0.4 0.5 0.5 1,114,980 1,115,117 1,111,663 1,039,935 (X) (X) 7.2

 Construction materials and supplies....... 88,970 88,743 88,334 0.3 0.5 0.2 91,285 90,213 88,651 80,505 (X) (X) 13.4

 Information technology......................... 142,673 142,316 142,077 0.3 0.2 0.3 143,307 143,480 143,305 135,551 (X) (X) 5.7

 Computers and related products........... 1,197 1,202 1,205 -0.4 -0.2 0.2 1,197 1,202 1,205 1,344 (X) (X) -10.9

 Motor vehicle and parts......................... 28,468 28,486 28,188 -0.1 1.1 1.5 28,664 28,986 29,168 25,628 (X) (X) 11.8

 Capital goods...................................... 809,586 805,777 801,270 0.5 0.6 0.5 811,187 811,186 808,787 754,451 (X) (X) 7.5

 Nondefense capital goods3.................. 624,014 619,970 615,228 0.7 0.8 0.8 625,319 623,704 619,806 562,516 (X) (X) 11.2

 Excluding aircraft............................. 264,263 263,437 262,466 0.3 0.4 0.5 266,262 266,035 264,588 245,398 (X) (X) 8.5

 Defense capital goods4........................ 185,572 185,807 186,042 -0.1 -0.1 -0.4 185,868 187,482 188,981 191,935 (X) (X) -3.2

 Consumer goods.................................. 10,970 11,346 11,512 -3.3 -1.4 -1.8 11,033 11,369 11,540 11,372 (X) (X) -3.0

 Consumer durable goods..................... 10,970 11,346 11,512 -3.3 -1.4 -1.8 11,033 11,369 11,540 11,372 (X) (X) -3.0 

 All manufacturing industries....................... 797,925 787,969 781,702 1.3 0.8 1.4 804,273 791,559 784,560 722,736 (X) (X) 11.3

 Construction materials and supplies....... 85,332 84,761 83,913 0.7 1.0 0.4 86,517 86,111 85,309 76,372 (X) (X) 13.3

 Information technology......................... 43,633 43,437 43,210 0.5 0.5 1.0 44,216 43,646 42,826 40,824 (X) (X) 8.3

 Computers and related products........... 3,911 3,827 3,774 2.2 1.4 1.9 4,000 3,729 3,628 3,720 (X) (X) 7.5

 Motor vehicle and parts......................... 51,760 51,522 50,657 0.5 1.7 1.6 52,052 51,743 50,675 46,385 (X) (X) 12.2

 Capital goods...................................... 233,035 232,305 231,107 0.3 0.5 1.1 235,311 232,677 230,664 217,476 (X) (X) 8.2

 Nondefense capital goods3.................. 210,771 210,109 209,095 0.3 0.5 1.2 212,910 210,402 208,572 195,968 (X) (X) 8.6

 Excluding aircraft............................. 145,404 144,396 143,355 0.7 0.7 1.2 147,446 145,114 143,548 130,812 (X) (X) 12.7

 Defense capital goods4........................ 22,264 22,196 22,012 0.3 0.8 0.4 22,401 22,275 22,092 21,508 (X) (X) 4.2

 Consumer goods.................................. 248,471 241,574 239,736 2.9 0.8 2.5 250,001 241,287 240,446 219,128 (X) (X) 14.1

 Consumer durable goods..................... 43,515 42,939 41,832 1.3 2.6 1.8 43,513 42,747 41,595 37,425 (X) (X) 16.3

 Consumer nondurable goods................ 204,956 198,635 197,904 3.2 0.4 2.7 206,488 198,540 198,851 181,703 (X) (X) 13.6

NEW ORDERS 

UNFILLED ORDERS 

TOTAL INVENTORIES 

X

 Not Applicable 

p

 Preliminary 

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 noncalendar reporters. Seasonally adjusted estimates include concurrent adjustments for holiday and trading-day differences, where appropriate, as well as seasonal variation, based on the results of the latest annual review of the model parameters. Estimates 

are not adjusted for price changes. 

2 Topical series are regroupings of the separate industry categories. 

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 Estimates and percent changes exclude semiconductor industry data. 

6

 Based on year-to-date for shipments and new orders, but on same month prior year for unfilled orders and 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. For further details on survey design, methodology, and data limitations see <http://www.census.gov/manufacturing/m3/>. 

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, May Full Report, July 5, 2022. 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 6. Value of Manufacturers' Inventories, by Stage of Fabrication, by Industry Group1 

[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 % Change

Industry May

May Apr. Mar. Apr. - Mar. - Feb. - May Apr. Mar. May 2022/

2022p 2022r 2022 May Apr. Mar. 2022p 2022r 2022 2021 2021

MATERIALS AND SUPPLIES

 All manufacturing industries....................... 292,523 287,986 284,036 1.6 1.4 2.3 293,688 288,580 285,074 251,909 16.6

 Durable goods industries.......................... 177,550 175,900 173,626 0.9 1.3 1.0 177,764 176,087 173,463 152,573 16.5

 Wood products................................... 6,607 6,496 6,364 1.7 2.1 1.7 6,340 6,333 6,396 5,600 13.2

 Nonmetallic mineral products................. 6,912 6,844 6,667 1.0 2.7 0.2 6,966 6,892 6,709 6,124 13.7

 Primary metals.................................... 14,580 14,366 14,092 1.5 1.9 2.9 14,453 14,230 13,794 11,738 23.1

 Fabricated metal products.......................... 25,702 25,562 25,487 0.5 0.3 0.1 25,691 25,481 25,393 21,431 19.9

 Machinery.......................................... 35,735 35,155 34,346 1.6 2.4 1.5 35,932 35,276 34,518 29,461 22.0

 Computers and electronic products........ 24,202 23,837 23,707 1.5 0.5 -0.3 24,450 23,917 23,510 21,718 12.6

 Electrical equipment, appliances,

 and components............................... 10,757 10,567 10,337 1.8 2.2 0.8 10,913 10,691 10,383 8,811 23.9

 Transportation equipment..................... 39,553 39,576 39,238 -0.1 0.9 1.7 39,420 39,752 39,495 35,415 11.3

 Furniture and related products............... 4,764 4,737 4,705 0.6 0.7 1.3 4,849 4,787 4,708 3,995 21.4

 Miscellaneous products......................... 8,738 8,760 8,683 -0.3 0.9 0.3 8,750 8,728 8,557 8,280 5.7

 Nondurable goods industries...................... 114,973 112,086 110,410 2.6 1.5 4.4 115,924 112,493 111,611 99,336 16.7

 Food products.................................... 23,908 23,939 23,747 -0.1 0.8 1.0 23,774 23,677 23,718 22,851 4.0

 Beverage and tobacco products........................ 5,808 5,832 5,925 -0.4 -1.6 3.3 5,812 5,901 6,009 5,990 -3.0

 Textiles.............................................. 1,361 1,352 1,346 0.7 0.4 0.2 1,380 1,365 1,354 1,231 12.1

 Textile products................................... 1,496 1,495 1,483 0.1 0.8 -0.5 1,493 1,485 1,485 1,353 10.3

 Apparel............................................. 709 703 692 0.9 1.6 0.4 717 700 678 622 15.3

 Leather and allied products.................... 351 348 341 0.9 2.1 1.8 364 352 338 291 25.1

 Paper products.................................... 8,573 8,475 8,397 1.2 0.9 0.0 8,560 8,411 8,392 7,732 10.7

 Printing ............................................. 3,237 3,311 3,344 -2.2 -1.0 2.3 3,223 3,314 3,317 2,904 11.0

 Petroleum and coal products................. 19,716 16,939 16,006 16.4 5.8 23.9 20,687 17,249 16,944 12,706 62.8

 Chemical products................................ 35,972 35,784 35,378 0.5 1.1 1.9 36,131 36,118 35,722 31,886 13.3

 Plastics and rubber products.................. 13,842 13,908 13,751 -0.5 1.1 2.8 13,783 13,921 13,654 11,770 17.1

WORK IN PROCESS

 All manufacturing industries....................... 225,972 224,124 223,425 0.8 0.3 1.2 227,353 224,373 223,554 212,185 7.1

 Durable goods industries.......................... 172,103 171,794 171,311 0.2 0.3 0.8 173,731 172,370 171,361 164,828 5.4

 Wood products................................... 2,104 2,108 2,078 -0.2 1.4 0.8 2,087 2,116 2,142 1,885 10.7

 Nonmetallic mineral products................. 1,476 1,477 1,475 -0.1 0.1 -0.7 1,526 1,540 1,524 1,512 0.9

 Primary metals.................................... 12,897 12,836 12,848 0.5 -0.1 0.9 13,033 13,101 12,893 11,345 14.9

 Fabricated metal products.......................... 14,669 14,550 14,346 0.8 1.4 0.2 14,900 14,734 14,418 13,746 8.4

 Machinery.......................................... 23,300 22,950 23,072 1.5 -0.5 1.7 23,761 22,917 23,320 19,285 23.2

 Computers and electronic products........ 13,360 13,763 13,733 -2.9 0.2 0.1 13,666 14,144 13,737 14,409 -5.2

 Electrical equipment, appliances,

 and components............................... 4,221 4,175 4,132 1.1 1.0 1.6 4,330 4,257 4,152 3,903 10.9

 Transportation equipment..................... 94,194 94,083 93,904 0.1 0.2 0.8 94,511 93,709 93,506 93,420 1.2

 Furniture and related products............... 1,326 1,339 1,319 -1.0 1.5 1.2 1,335 1,330 1,313 1,239 7.7

 Miscellaneous products......................... 4,556 4,513 4,404 1.0 2.5 1.2 4,582 4,522 4,356 4,084 12.2

 Nondurable goods industries...................... 53,869 52,330 52,114 2.9 0.4 2.4 53,622 52,003 52,193 47,357 13.2

 Food products.................................... 6,059 6,082 6,212 -0.4 -2.1 3.2 5,623 5,821 6,030 5,255 7.0

 Beverage and tobacco products........................ 8,842 8,801 8,751 0.5 0.6 -2.3 8,749 8,781 8,768 8,646 1.2

 Textiles.............................................. 615 612 615 0.5 -0.5 0.7 621 619 615 568 9.3

 Textile products................................... 456 450 444 1.3 1.4 -2.0 448 449 444 404 10.9

 Apparel............................................. 276 274 269 0.7 1.9 0.7 281 275 265 274 2.6

 Leather and allied products.................... 113 114 116 -0.9 -1.7 -1.7 116 116 118 125 -7.2

 Paper products.................................... 1,456 1,451 1,446 0.3 0.3 1.1 1,471 1,453 1,445 1,369 7.5

 Printing ............................................. 1,265 1,217 1,212 3.9 0.4 0.0 1,184 1,236 1,244 1,132 4.6

 Petroleum and coal products................. 15,233 13,803 13,586 10.4 1.6 7.3 15,498 13,726 13,883 9,680 60.1

 Chemical products................................ 16,015 16,009 15,949 0.0 0.4 1.7 16,104 15,989 15,834 16,490 -2.3

 Plastics and rubber products.................. 3,539 3,517 3,514 0.6 0.1 0.6 3,527 3,538 3,547 3,414 3.3

FINISHED GOODS

 All manufacturing industries....................... 279,430 275,859 274,241 1.3 0.6 0.7 283,232 278,606 275,932 258,642 9.5

 Durable goods industries.......................... 133,159 132,357 130,824 0.6 1.2 1.0 135,687 134,426 131,741 125,199 8.4

 Wood products................................... 6,040 6,122 6,084 -1.3 0.6 0.7 6,140 6,357 6,389 5,917 3.8

 Nonmetallic mineral products................. 7,464 7,362 7,205 1.4 2.2 -0.1 7,709 7,537 7,415 6,893 11.8

 Primary metals.................................... 11,996 11,727 11,475 2.3 2.2 -2.1 12,307 11,947 11,743 10,456 17.7

 Fabricated metal products.......................... 21,888 21,683 21,472 0.9 1.0 0.6 22,471 22,203 21,820 20,484 9.7

 Machinery.......................................... 23,264 23,231 23,061 0.1 0.7 1.3 23,654 23,713 23,646 22,670 4.3

 Computers and electronic products........ 14,165 14,086 13,986 0.6 0.7 2.5 14,196 13,981 13,597 13,733 3.4

 Electrical equipment, appliances,

 and components............................... 7,843 7,785 7,743 0.7 0.5 0.7 8,002 7,967 7,880 7,203 11.1

 Transportation equipment..................... 23,181 23,233 22,675 -0.2 2.5 2.0 23,709 23,520 22,193 21,861 8.5

 Furniture and related products............... 3,680 3,620 3,572 1.7 1.3 2.3 3,717 3,609 3,516 3,044 22.1

 Miscellaneous products......................... 13,638 13,508 13,551 1.0 -0.3 0.8 13,782 13,592 13,542 12,938 6.5

 Nondurable goods industries...................... 146,271 143,502 143,417 1.9 0.1 0.4 147,545 144,180 144,191 133,443 10.6

 Food products.................................... 32,765 32,474 32,408 0.9 0.2 1.0 31,796 32,078 31,901 29,824 6.6

 Beverage and tobacco products........................ 13,581 13,436 13,194 1.1 1.8 0.7 13,886 13,672 13,257 12,118 14.6

 Textiles.............................................. 1,533 1,491 1,448 2.8 3.0 0.4 1,540 1,493 1,449 1,241 24.1

 Textile products................................... 2,318 2,290 2,242 1.2 2.1 0.2 2,299 2,280 2,246 2,017 14.0

 Apparel............................................. 1,213 1,164 1,112 4.2 4.7 2.6 1,246 1,151 1,061 978 27.4

 Leather and allied products.................... 565 569 551 -0.7 3.3 6.4 595 585 550 489 21.7

 Paper products.................................... 6,377 6,416 6,413 -0.6 0.0 0.2 6,491 6,501 6,407 6,345 2.3

 Printing ............................................. 1,803 1,788 1,799 0.8 -0.6 1.1 1,827 1,802 1,794 1,825 0.1

 Petroleum and coal products................. 21,036 19,109 19,818 10.1 -3.6 -0.6 22,112 19,238 19,908 16,340 35.3

 Chemical products................................ 51,078 51,016 50,904 0.1 0.2 0.0 51,543 51,419 51,738 49,556 4.0

 Plastics and rubber products.................. 14,002 13,749 13,528 1.8 1.6 1.0 14,210 13,961 13,880 12,710 11.8

p

 Preliminary 

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 noncalendar reporters. Seasonally adjusted estimates include concurrent adjustments for holiday and trading-day differences, where appropriate, as well as seasonal variation, based on the results of the latest annual review of the model parameters. 

Estimates are not adjusted for price changes. 

Note: Estimates of manufacturers' shipments, inventories and orders are subject to survey error and revision. One major component of survey error is nonsampling error, which includes errors of coverage, response, and nonreporting. Since the survey 

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

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, May Full Report, July 5, 2022. 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 7. Ratios of Manufacturers' Inventories to Shipments and Unfilled Orders 

 to Shipments, by Industry Group 1

[Based on Seasonally Adjusted data from the Manufacturers' Shipments, Inventories, and Orders Survey.] 

Inventory/Shipments ratio Unfilled Orders/Shipments ratio2

Industry May Apr Mar Feb May Apr Mar Feb

2022p 2022r 2022 2022 2022p 2022r 2022 2022

All manufacturing industries3

.................................... 1.47 1.47 1.47 1.48 (X) (X) (X) (X)

Durable goods industries3

........................................ 1.80 1.81 1.80 1.81 5.98 6.05 6.06 6.07

 Wood products........................................................... 1.12 1.12 1.10 1.09 (X) (X) (X) (X)

 Nonmetallic mineral products............................. 1.28 1.27 1.23 1.23 (X) (X) (X) (X)

 Primary metals............................................................ 1.83 1.85 1.85 1.91 1.45 1.49 1.51 1.56

 Fabricated metal products...................................... 1.69 1.69 1.67 1.68 3.29 3.31 3.29 3.31

 Machinery..................................................................... 2.19 2.19 2.18 2.17 3.83 3.83 3.83 3.82

 Computers and electronic products3

................... 1.82 1.82 1.82 1.81 6.37 6.38 6.45 6.38

 Electrical equipment, appliances,

 and components.................................................... 1.71 1.72 1.67 1.69 3.11 3.16 3.12 3.14

 Transportation equipment..................................... 1.85 1.89 1.89 1.91 12.06 12.29 12.35 12.31

 Furniture and related products............................ 1.56 1.57 1.57 1.55 1.87 1.92 1.95 1.97

 Miscellaneous products.......................................... 1.91 1.91 1.92 1.91 (X) (X) (X) (X)

Nondurable goods industries................................... 1.14 1.14 1.15 1.15 (X) (X) (X) (X)

 Food products............................................................. 0.83 0.82 0.83 0.83 (X) (X) (X) (X)

 Beverage and tobacco products........................... 1.77 1.80 1.79 1.86 (X) (X) (X) (X)

 Textiles.......................................................................... 1.52 1.49 1.48 1.46 (X) (X) (X) (X)

 Textile products......................................................... 2.11 2.13 2.10 2.11 (X) (X) (X) (X)

 Apparel........................................................................ 3.01 2.82 2.77 2.79 (X) (X) (X) (X)

 Leather and allied products................................ 2.28 2.30 2.36 2.43 (X) (X) (X) (X)

 Paper products.......................................................... 1.00 1.00 0.99 0.99 (X) (X) (X) (X)

 Printing........................................................................ 0.94 0.94 0.95 0.95 (X) (X) (X) (X)

 Petroleum and coal products............................... 0.84 0.81 0.83 0.84 (X) (X) (X) (X)

 Chemical products................................................... 1.56 1.57 1.56 1.55 (X) (X) (X) (X)

 Plastics and rubber products................................ 1.40 1.39 1.38 1.37 (X) (X) (X) (X)

May3 May3 May3 May3

Industry 2021- 2021- 2021- 2021-

May2 Apr May2 Apr May2 Apr May2 Apr

2022 2022 2022 2022 2022 2022 2022 2022

All manufacturing industries.................. (X) 0.2 (X) 0.4 (X) 0.1 (X) 0.1

Durable goods industries....................... 0.1 0.2 0.1 0.6 0.1 0.1 0.0 0.1

 Wood products............................................ (X) 0.2 (X) (NA) (X) (NA) (X) 0.2

 Nonmetallic mineral products.............. (X) 0.4 (X) (NA) (X) (NA) (X) 0.2

 Primary metals............................................. 0.0 0.4 0.0 0.7 0.0 0.2 0.0 0.2

 Fabricated metal products.................... 0.1 0.2 0.2 0.5 0.0 0.2 0.1 0.1

 Machinery...................................................... -0.1 0.3 0.1 0.5 0.1 0.1 0.0 0.3

 Computers and electronic products..... 0.0 0.2 0.0 0.3 0.0 0.1 0.0 0.1

 Electrical equipment, appliances,

 and components..................................... -0.1 0.3 -0.1 0.9 0.0 0.3 0.1 0.4

 Transportation equipment.................... 0.0 0.4 0.2 1.7 0.0 0.2 0.0 0.1

 Furniture and related products............. (X) 0.4 (X) 0.6 (X) 0.4 (X) 0.3

 Miscellaneous products.......................... (X) 0.4 (X) 0.4 (X) 0.4 (X) 0.1

Nondurable goods industries................... (X) 0.3 (X) (NA) (X) (NA) (X) 0.2

 Food products.............................................. (X) 0.1 (X) (NA) (X) (NA) (X) 0.1

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

 Textiles.......................................................... (X) 0.3 (X) (NA) (X) (NA) (X) 0.3

 Textile products......................................... (X) 0.5 (X) (NA) (X) (NA) (X) 0.2

 Apparel......................................................... (X) 0.4 (X) (NA) (X) (NA) (X) 0.7

 Leather and allied products.................. (X) 1.1 (X) (NA) (X) (NA) (X) 0.4

 Paper products............................................ (X) 0.2 (X) (NA) (X) (NA) (X) 0.1

 Printing.......................................................... (X) 0.6 (X) (NA) (X) (NA) (X) 0.4

 Petroleum and coal products............... (X) 0.9 (X) (NA) (X) (NA) (X) 0.6

 Chemical products................................... (X) 0.3 (X) (NA) (X) (NA) (X) 0.2

 Plastics and rubber products................ (X) 0.2 (X) (NA) (X) (NA) (X) 0.3

X

 Not Applicable 

p

 Preliminary 

r

 Revised data due to late receipts and concurrent seasonal adjustment. 

2

 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. 

3

 Unfilled orders to shipments ratio excludes semiconductor manufacturing. 

Note: Estimates of manufacturers' shipments, inventories and orders are subject to survey error and revision. One major component of survey error is 

nonsampling error, which includes errors of coverage, response, and nonreporting. Since the survey panel is not a probability sample, estimates of sampling 

error cannot be calculated. For further details on survey design, methodology, and data limitations see <http://www.census.gov/manufacturing/m3/>. 

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, May Full Report, July 5, 2022. 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>. 

X Not Applicable 

NA Not Available 

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

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

3

 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. 

Note: Estimates of manufacturers' shipments, inventories and orders are subject to survey error and revision. One major component of survey 

error is nonsampling error, which includes errors of coverage, response, and nonreporting. Since the survey panel is not a probability sample, 

estimates of sampling error cannot be calculated. For further details on survey design, methodology, and data limitations see 

<http://www.census.gov/manufacturing/m3/>.

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, May Full Report, July 5, 2022. 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 8. Revisions to Previously Published Monthly Percent Changes 1

[Based on Seasonally Adjusted data from the Manufacturers' Shipments, Inventories, and Orders Survey.] 

Shipments New Orders Unfilled Orders Inventories