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FOR RELEASE AT 8:30 AM EST, FRIDAY, FEBRUARY 25, 2022 

MONTHLY ADVANCE REPORT ON DURABLE GOODS MANUFACTURERS’ SHIPMENTS, 

INVENTORIES AND ORDERS JANUARY 2022

Release Number: CB 22-27 M3-1 (22)-01

February 25, 2022 — 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 increased $4.3 billion or 1.6 percent to $277.5 

billion, the U.S. Census Bureau announced today. This increase, up eight of the last nine months, followed 

a 1.2 percent December increase. Excluding transportation, new orders increased 0.7 percent. Excluding 

defense, new orders increased 1.6 percent. Transportation equipment, up three consecutive months, led

the increase, $2.9 billion or 3.4 percent to $87.6 billion.

Shipments

Shipments of manufactured durable goods in January, up eight of the last nine months, increased $3.1

billion or 1.2 percent to $270.4 billion. This followed a 1.3 percent December increase. Machinery, up ten 

of the last eleven months, led the increase, $1.0 billion or 2.7 percent to $38.9 billion.

DURABLE GOODS – NEW ORDERS

JANUARY 2022 $277.5 billion +1.6%°

DECEMBER 2021

(revised) $273.2 billion +1.2%°

Next release: March 24, 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, February 

25, 2022.

-2.0%

-1.0%

0.0%

1.0%

2.0%

3.0%

4.0%

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

DURABLE GOODS NEW ORDERS 2021-2022

Seasonally Adjusted, Month-To-Month Percentage Change

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders, February 25, 2022.
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Unfilled Orders

Unfilled orders for manufactured durable goods in January, up twelve consecutive months, increased

$11.4 billion or 0.9 percent to $1,283.2 billion. This followed a 0.8 percent December increase.

Transportation equipment, up eleven of the last twelve months, led the increase, $9.6 billion or 1.1

percent to $848.8 billion.

Inventories

Inventories of manufactured durable goods in January, up twelve consecutive months, increased $1.9

billion or 0.4 percent to $476.0 billion. This followed a 0.8 percent December increase. Machinery, up 

fifteen consecutive months, led the increase, $0.7 billion or 0.9 percent to $79.4 billion. 

Capital Goods

Nondefense new orders for capital goods in January increased $3.9 billion or 4.2 percent to $96.9 billion. 

Shipments increased $1.7 billion or 2.1 percent to $84.0 billion. Unfilled orders increased $12.9 billion or 

1.7 percent to $793.9 billion. Inventories increased $0.3 billion or 0.1 percent to $208.0 billion. Defense 

new orders for capital goods in January increased $1.4 billion or 15.7 percent to $10.4 billion. Shipments

increased $0.5 billion or 4.2 percent to $12.9 billion. Unfilled orders decreased $2.5 billion or 1.3 percent 

to $185.4 billion. Inventories increased $0.1 billion or 0.5 percent to $21.5 billion.

Revised December Data

Revised seasonally adjusted December figures for all manufacturing industries were: new orders, $536.8

billion (revised from $530.7 billion); shipments, $530.9 billion (revised from $528.9 billion); unfilled orders, 

$1,271.8 billion (revised from $1,267.7 billion) and total inventories, $773.8 billion (revised from $773.0

billion).

Revised and more detailed estimates, plus nondurable goods data, will be published on March 3, 2022, at

10:00 a.m. EST. The Advance Report on durable goods for February is scheduled for release on March 24,

2022, at 8:30 a.m. EDT. View the full schedule in the Economic Briefing Room:

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

<www.census.gov/m3>.

EXPLANATORY NOTES

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

exclude data for semiconductor manufacturing. 
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“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 

survey documentation can be found on our web site: 

<www.census.gov/manufacturing/m3/how_the_data_are_collected/index.html>.
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Special Notice - New Advance Estimates Of Total Manufacturing

Beginning with September 2021 data 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 will be

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 will span 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 will contain

revised monthly tables for January 2022 through March 2022.

RESOURCES

API

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

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

before.

<www.census.gov/developers/>
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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

2022 2 2021 r 2021 Jan 2 Dec r Nov 2022 2 2021 r 2021 2022 2021 2022/2021

DURABLE GOODS

   Total:               

               Shipments................................ 270,389 267,285 263,799 1.2 1.3 0.8 242,795 269,290 221,510 242,795 221,510 9.6

               New Orders

4

.............................. 277,455 273,200 270,039 1.6 1.2 3.2 259,579 281,219 222,873 259,579 222,873 16.5

         Excluding transportation:

               Shipments................................ 192,336 189,446 187,165 1.5 1.2 0.5 173,628 188,955 154,985 173,628 154,985 12.0

               New Orders

4

.............................. 189,818 188,449 186,682 0.7 0.9 1.1 175,569 187,986 157,939 175,569 157,939 11.2

         Excluding defense:

               Shipments................................ 255,662 253,056 249,256 1.0 1.5 0.8 230,550 253,439 210,120 230,550 210,120 9.7

               New Orders

4

.............................. 265,346 261,170 254,341 1.6 2.7 2.7 249,764 261,597 210,036 249,764 210,036 18.9

    Manufacturing with unfilled orders:

               Shipments................................ 190,646 186,995 185,688 2.0 0.7 0.4 172,309 190,223 151,892 172,309 151,892 13.4

               New Orders.............................. 202,069 197,293 196,196 2.4 0.6 3.7 193,846 206,092 157,935 193,846 157,935 22.7

    Primary metals:

               Shipments................................ 24,789 24,865 24,606 ‐0.3 1.1 ‐0.3 24,229 23,056 20,066 24,229 20,066 20.7

               New Orders.............................. 25,292 25,234 24,424 0.2 3.3 ‐0.1 25,474 23,736 21,010 25,474 21,010 21.2

    Fabricated metal products:

               Shipments................................ 37,459 36,880 36,435 1.6 1.2 0.7 34,668 34,605 29,658 34,668 29,658 16.9

               New Orders.............................. 37,524 37,475 36,998 0.1 1.3 1.3 35,840 34,772 32,304 35,840 32,304 10.9

    Machinery:

               Shipments................................ 38,878 37,854 37,110 2.7 2.0 0.1 34,287 39,270 29,911 34,287 29,911 14.6

               New Orders.............................. 39,614 38,718 38,231 2.3 1.3 ‐0.9 37,332 39,507 32,396 37,332 32,396 15.2

    Computers and electronic products

4

:

               Shipments................................ 29,802 29,423 29,077 1.3 1.2 0.3 26,927 33,223 25,777 26,927 25,777 4.5

               New Orders.............................. 25,791 25,789 26,508 0.0 ‐2.7 4.2 22,757 31,060 21,430 22,757 21,430 6.2

         Computers and related products:

               Shipments................................ 1,939 1,929 1,895 0.5 1.8 ‐2.1 1,722 2,468 1,721 1,722 1,721 0.1

               New Orders.............................. 1,925 1,884 1,861 2.2 1.2 ‐2.1 1,708 2,423 1,710 1,708 1,710 ‐0.1

         Communications equipment:

               Shipments................................ 3,784 3,512 3,519 7.7 ‐0.2 0.6 3,047 4,766 2,683 3,047 2,683 13.6

               New Orders.............................. 3,921 4,199 4,493 ‐6.6 ‐6.5 10.6 3,224 5,697 2,789 3,224 2,789 15.6

    Electrical equipment, appliances,    

       and components:                   

               Shipments................................ 13,204 13,030 12,946 1.3 0.6 0.5 11,431 13,135 10,335 11,431 10,335 10.6

               New Orders.............................. 13,338 13,438 13,433 ‐0.7 0.0 ‐0.2 11,922 13,488 11,191 11,922 11,191 6.5

    Transportation equipment:    

               Shipments................................ 78,053 77,839 76,634 0.3 1.6 1.4 69,167 80,335 66,525 69,167 66,525 4.0

               New Orders.............................. 87,637 84,751 83,357 3.4 1.7 8.2 84,010 93,233 64,934 84,010 64,934 29.4

         Motor vehicles and parts:

               Shipments................................ 54,791 55,196 54,134 ‐0.7 2.0 2.3 49,651 53,797 49,611 49,651 49,611 0.1

               New Orders.............................. 54,861 55,105 54,120 ‐0.4 1.8 1.6 50,123 54,589 50,451 50,123 50,451 ‐0.7

         Nondefense aircraft and parts5:

               Shipments................................ 8,367 8,114 7,978 3.1 1.7 ‐2.2 7,029 10,478 5,631 7,029 5,631 24.8

               New Orders.............................. 20,182 17,457 14,095 15.6 23.9 42.0 23,364 19,564 1,878 23,364 1,878 1144.1

         Defense aircraft and parts:

               Shipments................................ 4,455 4,328 4,691 2.9 ‐7.7 0.4 3,520 4,850 3,840 3,520 3,840 ‐8.3

               New Orders.............................. 2,439 4,139 5,299 ‐41.1 ‐21.9 7.6 1,846 7,289 5,275 1,846 5,275 ‐65.0

    All other durable goods:           

               Shipments................................ 48,204 47,394 46,991 1.7 0.9 1.5 42,086 45,666 39,238 42,086 39,238 7.3

               New Orders.............................. 48,259 47,795 47,088 1.0 1.5 1.8 42,244 45,423 39,608 42,244 39,608 6.7

    Capital goods3

:

               Shipments................................ 96,870 94,655 93,634 2.3 1.1 0.4 84,491 104,301 76,130 84,491 76,130 11.0

               New Orders.............................. 107,358 102,048 103,112 5.2 ‐1.0 6.1 102,439 114,248 77,672 102,439 77,672 31.9

           Nondefense capital goods:

               Shipments................................ 84,001 82,304 81,064 2.1 1.5 0.4 73,769 90,617 66,353 73,769 66,353 11.2

               New Orders.............................. 96,944 93,044 89,478 4.2 4.0 5.1 93,808 98,874 65,961 93,808 65,961 42.2

               Excluding aircraft:

                    Shipments........................... 79,070 77,591 76,343 1.9 1.6 0.4 70,158 83,772 63,282 70,158 63,282 10.9

                    New Orders.......................... 79,986 79,273 78,973 0.9 0.4 0.2 73,885 84,683 67,024 73,885 67,024 10.2

           Defense capital goods:

               Shipments................................ 12,869 12,351 12,570 4.2 ‐1.7 0.4 10,722 13,684 9,777 10,722 9,777 9.7

               New Orders.............................. 10,414 9,004 13,634 15.7 ‐34.0 13.2 8,631 15,374 11,711 8,631 11,711 ‐26.3

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

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

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

as well as seasonal variation, based on the results of the latest annual review of the model parameters. Estimates are not adjusted for price changes.         2 Based on advance sample. Estimates of manufacturers' shipments, inventories, and orders are subject to survey error and revision. One major component of survey error is nonsampling error, which includes errors of coverage, response and

nonreporting. Since the survey panel is not a probability sample, estimates of sampling error cannot be calculated. For further details on survey design, methodology, and data limitations, see http://www.census.gov/manufacturing/m3.      3 The Capital Goods Industries include Nondefense : small arms and ordnance; farm machinery and equipment; construction machinery; mining, oil, and gas field machinery; industrial machinery; vending, laundry, and other machinery;

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

other computer peripheral equipment; communications equipment; search and navigation equipment; electromedical, measuring, and  control instruments; electrical equipment; other electrical equipment, appliances, and components;

heavy duty trucks; aircraft; railroad rolling stock; ships and boats; office and institutional furniture; and medical equipment and supplies. Defense Capital Goods include : small arms and ordnance, communications equipment, aircraft;

missiles, space vehicles, and parts, ships and boats, and search and navigation equipment.    4 Estimates and percent changes of shipments and inventories for the semiconductor industry are included in computers and electronic products, and all other applicable aggregate totals.  Estimates and percent changes for new orders and

unfilled orders exclude semiconductor industry data.   

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, January Advance Report, February 25, 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.  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 2022/

20222 2021r 2021 Jan 2 Dec r Nov 20222 2021r 2021 2021

DURABLE GOODS

   Total:                   

               Unfilled Orders4......................... 1,283,229 1,271,806 1,261,508 0.9 0.8 0.8 1,282,803 1,261,266 1,180,654 8.7

               Total Inventories....................... 475,982 474,068 470,370 0.4 0.8 0.8 474,961 462,096 430,631 10.3

         Excluding transportation:

               Unfilled Orders4

......................... 434,456 432,617 429,231 0.4 0.8 0.9 432,399 425,705 378,359 14.3

               Total Inventories....................... 321,850 319,770 316,312 0.7 1.1 1.1 321,613 312,920 285,976 12.5

         Excluding defense:

               Unfilled Orders4

........................... 1,072,620 1,058,579 1,046,082 1.3 1.2 0.9 1,072,195 1,048,228 962,656 11.4

               Total Inventories....................... 450,757 448,938 445,289 0.4 0.8 0.8 449,840 437,158 406,540 10.7

    Manufacturing with unfilled orders:

               Unfilled Orders......................... 1,283,229 1,271,806 1,261,508 0.9 0.8 0.8 1,282,803 1,261,266 1,180,654 8.7

               Total Inventories....................... 383,302 382,299 379,278 0.3 0.8 0.8 381,916 373,049 348,802 9.5

    Primary metals:

               Unfilled Orders......................... 41,505 41,002 40,633 1.2 0.9 ‐0.4 41,651 40,406 35,651 16.8

               Total Inventories....................... 42,861 42,688 42,264 0.4 1.0 0.8 43,161 42,225 35,899 20.2

    Fabricated metal products:

               Unfilled Orders......................... 105,364 105,299 104,704 0.1 0.6 0.5 103,579 102,407 87,007 19.0

               Total Inventories....................... 63,166 62,708 62,004 0.7 1.1 1.4 63,131 61,498 53,779 17.4

    Machinery:     

               Unfilled Orders......................... 116,663 115,927 115,063 0.6 0.8 1.0 117,038 113,993 99,921 17.1

               Total Inventories....................... 79,352 78,663 77,604 0.9 1.4 1.5 78,602 76,706 69,379 13.3

    Computers and electronic products4

:

               Unfilled Orders......................... 124,995 124,649 123,900 0.3 0.6 1.4 125,022 124,439 118,072 5.9

               Total Inventories....................... 48,239 48,146 47,762 0.2 0.8 0.7 48,030 46,819 46,234 3.9

         Computers and related products:

               Unfilled Orders......................... 1,352 1,366 1,411 ‐1.0 ‐3.2 ‐2.4 1,352 1,366 1,534 ‐11.9

               Total Inventories....................... 3,783 3,831 3,815 ‐1.3 0.4 0.8 3,649 3,703 3,442 6.0

         Communications equipment:

               Unfilled Orders......................... 22,243 22,106 21,419 0.6 3.2 4.8 22,268 22,091 18,588 19.8

               Total Inventories....................... 5,147 5,139 5,120 0.2 0.4 ‐0.4 5,045 4,839 5,005 0.8

    Electrical equipment, appliances,    

        and components:                   

               Unfilled Orders......................... 33,013 32,879 32,471 0.4 1.3 1.5 32,784 32,293 27,460 19.4

               Total Inventories....................... 22,303 22,176 21,656 0.6 2.4 1.3 22,291 21,226 19,934 11.8

    Transportation equipment:    

               Unfilled Orders......................... 848,773 839,189 832,277 1.1 0.8 0.8 850,404 835,561 802,295 6.0

               Total Inventories....................... 154,132 154,298 154,058 ‐0.1 0.2 0.1 153,348 149,176 144,655 6.0

         Motor vehicles and parts:

               Unfilled Orders......................... 28,430 28,360 28,451 0.2 ‐0.3 0.0 29,102 28,630 25,687 13.3

               Total Inventories....................... 50,541 50,155 49,617 0.8 1.1 ‐0.4 50,580 47,640 41,790 21.0

         Nondefense Aircraft and parts:

               Unfilled Orders......................... 626,988 615,173 605,830 1.9 1.5 1.0 627,702 611,367 575,007 9.2

               Total Inventories....................... 75,257 75,932 76,206 ‐0.9 ‐0.4 0.2 74,571 73,691 76,022 ‐1.9

         Defense Aircraft and parts:       

               Unfilled Orders......................... 79,861 81,877 82,066 ‐2.5 ‐0.2 0.7 80,347 82,021 85,416 ‐5.9

               Total Inventories....................... 12,715 12,527 12,631 1.5 ‐0.8 0.6 12,662 12,447 12,376 2.3

    All other durable goods:           

               Unfilled Orders......................... 12,916 12,861 12,460 0.4 3.2 0.8 12,325 12,167 10,248 20.3

               Total Inventories....................... 65,929 65,389 65,022 0.8 0.6 0.9 66,398 64,446 60,751 9.3

    Capital goods3

:

               Unfilled Orders......................... 979,291 968,803 961,410 1.1 0.8 1.0 978,519 960,571 907,995 7.8

               Total Inventories....................... 229,435 229,042 227,631 0.2 0.6 0.9 227,295 222,942 213,754 6.3

           Nondefense capital goods:

               Unfilled Orders......................... 793,900 780,957 770,217 1.7 1.4 1.1 793,397 773,358 716,333 10.8

               Total Inventories....................... 207,952 207,658 206,291 0.1 0.7 0.9 205,863 201,670 193,333 6.5

                Excluding aircraft:               

                    Unfilled Orders.................... 243,883 242,967 241,285 0.4 0.7 1.1 243,486 239,759 217,652 11.9

                    Total Inventories................... 142,865 141,877 140,258 0.7 1.2 1.3 141,442 138,074 128,171 10.4

           Defense capital goods:

               Unfilled Orders......................... 185,391 187,846 191,193 ‐1.3 ‐1.8 0.6 185,122 187,213 191,662 ‐3.4

               Total Inventories....................... 21,483 21,384 21,340 0.5 0.2 0.4 21,432 21,272 20,421 5.0

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.   

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, January Advance Report, February 25, 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>.