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FOR RELEASE AT 10:00 AM EST, THURSDAY, FEBRUARY 2, 2023 

MONTHLY FULL REPORT ON MANUFACTURERS’ SHIPMENTS, INVENTORIES AND ORDERS 

DECEMBER 2022 

Release Number: CB 23-15 M3-2 (22)-12 

February 2, 2023 — The U.S. Census Bureau announces the December full report on manufacturers’ 

shipments, inventories and orders:

MANUFACTURED GOODS – NEW ORDERS

DECEMBER 2022 $552.5 billion +1.8%° 

NOVEMBER 2022 

(revised) $542.5 billion -1.9%° 

Next release: March 6, 2023

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 2, 

2023. 

Summary

New orders for manufactured goods in December, up four of the last five months, increased $10.0 billion 

or 1.8 percent to $552.5 billion, the U.S. Census Bureau reported today. This followed a 1.9 percent

November decrease. Shipments, down two consecutive months, decreased $4.0 billion or 0.7 percent to 

$543.3 billion. This followed a 0.9 percent November decrease. Unfilled orders, up twenty-eight 

consecutive months, increased $14.4 billion or 1.3 percent to $1,158.0 billion. This followed a virtually 

unchanged November increase. The unfilled orders-to-shipments ratio was 6.07, up from 6.01 in

November. Inventories, up four consecutive months, increased $3.0 billion or 0.4 percent to $807.8

billion. This followed a virtually unchanged November increase. The inventories-to-shipments ratio was 

1.49, up from 1.47 in November. 

New Orders

New orders for manufactured durable goods in December, up four of the last five months, increased $15.2

billion or 5.6 percent to $286.6 billion, unchanged from the previously published increase. This followed a

1.8 percent November decrease. Transportation equipment, also up four of the last five months, drove

2.3%

0.3%

1.8%

0.7%

1.8% 1.8%

-1.0%

0.2% 0.3% 0.4%

-1.9%

1.8%

-3.0%

-2.0%

-1.0%

0.0%

1.0%

2.0%

3.0%

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

MANUFACTURERS' NEW ORDERS 2022

Seasonally Adjusted, Month-To-Month Percentage Change

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders, February 2, 2023.
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the increase, $15.6 billion or 16.9 percent to $108.0 billion. New orders for manufactured nondurable 

goods decreased $5.2 billion or 1.9 percent to $265.9 billion.

Shipments

Shipments of manufactured durable goods in December, up nineteen of the last twenty months, increased

$1.2 billion or 0.4 percent to $277.4 billion, down from the previously published 0.5 percent increase. This 

followed a 0.4 percent November increase. Transportation equipment, up fourteen of the last fifteen 

months, drove the increase, $1.5 billion or 1.6 percent to $93.7 billion. Shipments of manufactured

nondurable goods, down two consecutive months, decreased $5.2 billion or 1.9 percent to $265.9 billion. 

This followed a 2.1 percent November decrease. Petroleum and coal products, also down two consecutive 

months, drove the decrease, $5.9 billion or 9.6 percent to $55.6 billion.

Unfilled Orders

Unfilled orders for manufactured durable goods in December, up twenty-eight consecutive months, 

increased $14.4 billion or 1.3 percent to $1,158.0 billion, unchanged from the previously published 

increase. This followed a virtually unchanged November increase. Transportation equipment, up twentytwo of the last twenty-three months, led the increase, $14.3 billion or 2.1 percent to $684.9 billion.

Inventories

Inventories of manufactured durable goods in December, up twenty-three consecutive months, increased 

$3.5 billion or 0.7 percent to $493.6 billion, unchanged from the previously published increase. This 

followed a 0.2 percent November increase. Transportation equipment, up two consecutive months, led

the increase, $1.6 billion or 1.0 percent to $158.5 billion. Inventories of manufactured nondurable goods,

down five of the last six months, decreased $0.5 billion or 0.2 percent to $314.2 billion. This followed a 0.2 

percent November decrease. Chemical products, down three consecutive months, led the decrease, $0.4 

billion or 0.4 percent to $103.8 billion. By stage of fabrication, December materials and supplies increased 

0.6 percent in durable goods and 0.1 percent in nondurable goods. Work in process increased 1.4 percent 

in durable goods and decreased 0.1 percent in nondurable goods. Finished goods were virtually 

unchanged in durable goods and decreased 0.3 percent in nondurable goods. 

The Advance Report on durable goods for January is scheduled for release on February 27, 2023, at 8:30

a.m. EST and the Full Report on March 6, 2023, at 10:00 a.m. EST. 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. 
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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>.

Benchmark notice

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

issued on May 12, 2023. These revisions result from

• Benchmarking the M3 shipments and inventories data to the 2021 and 2020 Annual Survey of 

Manufactures (ASM) data; 

• Incorporating the unfilled orders to shipments ratios obtained for 2021, 2020, and 2019 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 2023 and the data 

not seasonally adjusted for January 2017 through March 2023. An updated Press Release will contain

revised monthly tables for January 2023 through March 2023.

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/>. 
Data Inquiries Media Inquiries

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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. 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

Dec. Nov. Oct. Nov. - Oct. - Sep. - Dec. Nov. Oct. Dec. 2022/

2022p 2022r 2022 Dec. Nov. Oct. 2022p 2022r 2022 2021 2022p 2021 2021

 All manufacturing industries.................. 543,320 547,319 552,057 -0.7 -0.9 0.2 536,179 535,565 559,121 507,124 6,486,443 5,797,752 11.9

 Excluding transportation................... 449,589 455,081 460,963 -1.2 -1.3 0.2 437,853 443,529 468,264 424,408 5,441,709 4,889,907 11.3

 Excluding defense.............................. 526,138 530,721 535,587 -0.9 -0.9 0.2 517,070 517,923 542,872 490,138 6,291,305 5,615,420 12.0

 With unfilled orders............................ 190,727 190,194 189,542 0.3 0.3 0.5 194,303 183,868 188,294 180,204 2,231,469 2,012,565 10.9

 Durable goods industries......................... 277,418 276,262 275,285 0.4 0.4 0.3 279,117 268,364 276,871 258,935 3,235,204 2,923,246 10.7

 Wood products....................................... 12,722 12,803 12,703 -0.6 0.8 -0.8 11,057 11,865 13,086 11,306 154,387 147,654 4.6

 Nonmetallic mineral products.................... 12,522 12,443 12,557 0.6 -0.9 -0.1 10,917 12,070 13,301 11,002 149,776 140,172 6.9

 Primary metals....................................... 19,918 20,015 20,251 -0.5 -1.2 -0.4 18,101 18,664 19,988 18,745 246,282 225,207 9.4

 Iron and steel mills............................ 11,834 11,816 11,980 0.2 -1.4 -1.0 10,650 10,978 11,865 10,549 143,801 126,810 13.4

 Aluminum and nonferrous metals.......... 6,592 6,714 6,763 -1.8 -0.7 0.5 6,141 6,318 6,628 6,889 84,698 82,341 2.9

 Ferrous metal foundries....................... 1,492 1,485 1,508 0.5 -1.5 0.3 1,310 1,368 1,495 1,307 17,783 16,056 10.8

 Fabricated metal products....................... 36,498 36,441 36,544 0.2 -0.3 -0.4 33,791 34,911 37,540 33,671 439,058 399,765 9.8

 Machinery............................................. 38,222 38,631 38,825 -1.1 -0.5 1.4 39,015 35,562 38,376 37,487 452,155 403,850 12.0

 Farm machinery................................. 2,124 2,381 2,403 -10.8 -0.9 -4.3 1,856 1,829 2,331 2,554 30,798 31,082 -0.9

 Construction machinery..................... 3,946 3,987 3,966 -1.0 0.5 2.7 3,664 3,585 3,973 2,969 43,651 34,567 26.3

 Mining, oil field, and 

 gas field machinery.......................... 1,576 1,487 1,577 6.0 -5.7 3.2 1,787 1,477 1,609 1,519 17,780 15,445 15.1

 Industrial machinery.......................... 5,881 6,061 6,321 -3.0 -4.1 1.8 6,937 5,467 6,422 7,256 74,378 58,737 26.6

 Photographic equipment...................... 543 517 522 5.0 -1.0 3.8 612 522 469 566 6,258 6,254 0.1

 Ventilation, heating, air-conditioning,

 and refrigeration equipment............ 4,826 4,820 4,756 0.1 1.3 0.1 4,485 4,222 4,456 4,153 55,882 49,771 12.3

 Metalworking machinery..................... 2,668 2,769 2,624 -3.6 5.5 2.5 2,979 2,721 2,672 2,908 31,548 30,926 2.0

 Turbines, generators, and other

 power transmission equipment....... 3,516 3,419 3,511 2.8 -2.6 2.1 3,359 3,422 3,604 3,035 39,693 38,441 3.3

 Material handling equipment............... 3,565 3,606 3,595 -1.1 0.3 4.0 3,726 3,467 3,542 3,307 41,612 33,993 22.4

 Computers and electronic products2.......... 29,551 29,592 29,552 -0.1 0.1 0.6 32,769 29,830 29,715 30,791 347,148 325,376 6.7

 Computers........................................ 720 735 732 -2.0 0.4 -0.4 837 697 761 815 8,855 8,797 0.7

 Computer storage devices..................... 637 650 664 -2.0 -2.1 1.1 831 621 628 779 7,703 6,834 12.7

 Other peripheral equipment................ 892 901 874 -1.0 3.1 12.3 1,134 859 882 579 8,039 5,312 51.3

 Nondefense communications

 equipment.................................... 3,002 3,006 3,053 -0.1 -1.5 0.8 4,076 2,695 2,711 3,955 36,374 33,538 8.5

 Defense communications equipment.... 216 214 214 0.9 0.0 1.4 217 238 213 199 2,546 2,390 6.5

 Audio and video equipment.................... 340 366 357 -7.1 2.5 -3.8 393 539 447 489 4,567 3,967 15.1

 Electronic components......................... 4,579 4,651 4,602 -1.5 1.1 0.3 4,625 4,524 4,458 4,359 54,541 48,362 12.8

 Nondefense search and navigation

 equipment...................................... 1,671 1,679 1,666 -0.5 0.8 1.5 1,821 1,687 1,616 1,793 19,758 19,389 1.9

 Defense search and navigation

 equipment..................................... 3,341 3,286 3,277 1.7 0.3 0.3 3,646 3,475 3,318 3,492 38,853 38,312 1.4

 Electromedical, measuring,

 and control instruments................. 8,789 8,848 8,965 -0.7 -1.3 0.5 10,298 8,601 8,753 9,951 105,015 100,201 4.8

 Electrical equipment, appliances, 

 and components................................... 13,717 13,732 13,478 -0.1 1.9 0.1 13,551 13,211 13,494 12,769 159,692 144,985 10.1

 Electric lighting equipment..................... 1,067 1,061 1,046 0.6 1.4 -0.2 1,052 1,039 1,082 1,008 12,470 12,133 2.8

 Household appliances........................ 2,687 2,661 2,752 1.0 -3.3 -0.1 2,898 2,643 2,729 2,967 32,233 30,628 5.2

 Electrical equipment............................ 4,019 4,094 3,839 -1.8 6.6 -0.9 3,973 3,763 3,618 3,605 45,447 42,020 8.2

 Batteries........................................... 1,157 1,100 996 5.2 10.4 4.2 1,212 1,211 1,119 918 11,885 10,125 17.4

 Transportation equipment........................ 93,731 92,238 91,094 1.6 1.3 0.6 98,326 92,036 90,857 82,716 1,044,734 907,845 15.1

 Automobiles..................................... 7,530 7,667 7,850 -1.8 -2.3 -2.3 7,578 7,971 8,124 7,264 90,950 80,844 12.5

 Light trucks and utility vehicles.............. 24,680 24,030 23,970 2.7 0.3 0.8 25,704 23,825 24,549 21,604 271,382 229,317 18.3

 Heavy duty trucks ............................. 2,802 2,730 2,669 2.6 2.3 2.4 2,552 2,650 2,783 1,979 29,288 23,479 24.7

 Motor vehicle bodies, parts, 

 and trailers.................................... 27,353 27,393 27,332 -0.1 0.2 0.0 24,371 26,595 27,986 23,175 321,378 289,704 10.9

 Nondefense aircraft and parts................ 14,541 14,088 13,133 3.2 7.3 2.2 19,752 13,948 11,533 12,651 141,952 112,706 25.9

 Defense aircraft and parts.................. 5,666 5,425 5,384 4.4 0.8 -0.3 6,194 5,793 5,383 5,687 64,782 63,834 1.5

 Ships and boats................................. 3,684 3,597 3,572 2.4 0.7 6.2 3,649 3,661 3,568 3,556 42,256 42,232 0.1

 Furniture and related products.................. 6,258 6,243 6,257 0.2 -0.2 0.2 6,142 6,171 6,347 5,720 74,141 69,427 6.8

 Miscellaneous durable goods................. 14,279 14,124 14,024 1.1 0.7 0.3 15,448 14,044 14,167 14,728 167,831 158,965 5.6

 Nondurable goods industries..................... 265,902 271,057 276,772 -1.9 -2.1 0.1 257,062 267,201 282,250 248,189 3,251,239 2,874,506 13.1

 Food products....................................... 75,990 75,922 75,961 0.1 -0.1 0.1 75,221 77,574 78,743 72,289 907,139 866,392 4.7

 Grain and oilseed milling....................... 9,348 9,186 9,296 1.8 -1.2 0.2 9,044 9,289 9,513 8,247 109,187 97,972 11.4

 Dairy products.................................. 12,019 11,921 11,876 0.8 0.4 0.0 12,035 12,273 12,141 11,115 142,157 132,368 7.4

 Meat, poultry, and seafood products... 22,530 22,644 22,774 -0.5 -0.6 -0.2 21,914 22,592 23,015 21,533 272,960 261,017 4.6

 Beverage and tobacco products................ 17,349 16,864 16,753 2.9 0.7 -1.0 17,075 16,713 16,902 14,777 194,868 168,671 15.5

 Beverages......................................... 10,401 10,273 10,281 1.2 -0.1 1.6 10,127 10,122 10,430 9,471 120,039 113,349 5.9

 Tobacco............................................ 6,948 6,591 6,472 5.4 1.8 -4.8 6,948 6,591 6,472 5,306 74,829 55,322 35.3

 Textile mills........................................... 2,221 2,232 2,282 -0.5 -2.2 -1.6 1,972 2,104 2,340 2,071 27,545 26,983 2.1

 Textile products................................... 1,949 1,925 1,943 1.2 -0.9 -2.8 1,773 1,826 1,978 1,781 23,722 22,922 3.5

 Apparel................................................ 803 782 757 2.7 3.3 2.7 842 882 856 758 8,953 8,584 4.3

 Leather and allied products...................... 499 492 475 1.4 3.6 2.8 476 463 472 386 5,350 4,699 13.9

 Paper products...................................... 16,343 16,282 16,211 0.4 0.4 0.0 15,789 15,793 16,436 15,943 195,450 189,708 3.0

 Pulp, paper, and paperboard mills....... 6,046 6,006 5,862 0.7 2.5 1.1 5,914 5,853 5,925 5,777 70,918 68,329 3.8

 Paperboard containers........................ 5,888 5,908 5,989 -0.3 -1.4 -0.2 5,478 5,716 6,104 5,738 71,912 70,576 1.9

 Printing................................................. 7,057 7,005 7,042 0.7 -0.5 0.2 6,973 7,118 7,488 6,499 82,353 74,930 9.9

 Petroleum and coal products.................. 55,557 61,479 66,900 -9.6 -8.1 1.1 50,451 58,611 69,192 47,116 747,635 516,019 44.9

 Petroleum refineries.......................... 50,106 56,007 61,431 -10.5 -8.8 1.0 45,842 53,387 63,290 42,839 685,052 460,649 48.7

 Chemical products..................................... 65,898 65,866 66,255 0.0 -0.6 -0.4 65,964 64,969 65,300 66,061 791,475 746,836 6.0

 Pesticides, fertilizers, and other

 agricultural chemicals....................... 3,263 3,344 3,528 -2.4 -5.2 4.8 3,303 3,018 2,913 3,351 38,951 35,114 10.9

 Pharmaceuticals and medicines............. 23,240 22,762 22,521 2.1 1.1 0.2 23,898 23,457 22,537 21,627 262,569 238,850 9.9

 Paints, coatings, and adhesives.......... 3,828 3,798 3,822 0.8 -0.6 1.0 3,259 3,445 3,764 3,320 45,409 43,220 5.1

 Plastics and rubber products.................. 22,236 22,208 22,193 0.1 0.1 -0.1 20,526 21,148 22,543 20,508 266,749 248,762 7.2

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, December Full Report, February 2, 2023. 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

Dec. Nov. Oct. Nov. - Oct. - Sep. - Dec. Nov. Oct. Dec. 2022/

2022p 2022r 2022 Dec. Nov. Oct. 2022p 2022r 2022 2021 2022p 2021 2021

All manufacturing industries2........................ 552,484 542,460 553,138 1.8 -1.9 0.4 553,886 526,807 555,370 515,666 6,504,992 5,818,472 11.8

 Excluding transportation2...................... 444,455 450,031 455,686 -1.2 -1.2 0.1 432,085 436,253 460,219 422,913 5,391,199 4,887,733 10.3

 Excluding defense2

.............................. 535,238 524,602 536,370 2.0 -2.2 0.2 529,592 509,248 540,809 494,842 6,304,073 5,637,400 11.8

 With unfilled orders2............................. 205,173 190,510 195,690 7.7 -2.6 1.0 216,820 180,921 190,381 193,041 2,309,942 2,090,583 10.5

 Durable goods industries2......................... 286,582 271,403 276,366 5.6 -1.8 0.7 296,824 259,606 273,120 267,477 3,253,753 2,943,966 10.5

 Primary metals........................................ 19,964 20,059 20,125 -0.5 -0.3 -0.6 18,389 18,805 19,681 19,111 246,103 229,095 7.4

 Iron and steel mills.............................. 11,959 11,884 11,975 0.6 -0.8 -1.4 10,846 11,015 11,587 10,449 143,980 128,400 12.1

 Aluminum and nonferrous metals.......... 6,510 6,645 6,631 -2.0 0.2 1.2 6,190 6,367 6,642 7,179 83,950 83,830 0.1

 Ferrous metal foundries....................... 1,495 1,530 1,519 -2.3 0.7 -1.4 1,353 1,423 1,452 1,483 18,173 16,865 7.8

 Fabricated metal products........................ 36,343 36,319 36,382 0.1 -0.2 -0.2 32,715 33,793 35,874 33,908 439,215 419,286 4.8

 Machinery............................................. 38,320 38,978 39,199 -1.7 -0.6 1.5 38,120 35,794 38,353 37,523 458,277 420,255 9.0

 Construction machinery........................ 3,848 4,028 3,958 -4.5 1.8 8.4 3,666 3,721 3,902 3,081 43,834 37,521 16.8

 Mining, oil field, and

 gas field machinery.......................... 1,591 1,482 1,599 7.4 -7.3 4.3 1,802 1,472 1,631 1,641 17,905 15,970 12.1

 Industrial machinery............................ 5,989 6,234 6,305 -3.9 -1.1 2.1 6,677 5,499 6,548 7,099 75,913 60,926 24.6

 Photographic equipment....................... 522 559 532 -6.6 5.1 18.8 493 454 494 425 6,205 6,094 1.8

 Ventilation, heating, air-conditioning,

 and refrigeration equipment............... 4,962 5,036 4,965 -1.5 1.4 -0.8 4,612 4,303 4,435 4,528 58,589 52,251 12.1

 Metalworking machinery....................... 2,561 2,620 2,563 -2.3 2.2 -1.2 2,638 2,620 2,651 2,905 31,182 31,983 -2.5

 Turbines, generators, and other 

 power transmission equipment........... 3,535 3,376 3,561 4.7 -5.2 3.7 3,378 3,379 3,654 2,987 39,533 39,589 -0.1

 Material handling equipment.................. 3,667 3,716 3,755 -1.3 -1.0 -0.1 4,069 3,514 3,672 3,621 43,348 35,672 21.5

 Computers and electronic products2........... 24,186 24,315 24,188 -0.5 0.5 -0.2 29,160 23,472 23,591 28,556 288,473 275,192 4.8

 Computers........................................ 719 717 733 0.3 -2.2 1.4 836 679 762 775 8,816 8,639 2.0

 Nondefense communications

 equipment...................................... 3,016 2,888 2,843 4.4 1.6 -1.3 4,420 2,701 2,589 4,941 36,165 36,994 -2.2

 Defense communications equipment....... 199 206 216 -3.4 -4.6 3.3 219 229 205 233 2,500 2,228 12.2

 Electronic components......................... 4,530 4,524 4,454 0.1 1.6 -3.2 4,797 4,278 4,404 4,626 54,569 49,886 9.4

 Nondefense search and navigation

 equipment...................................... 1,882 1,789 1,689 5.2 5.9 1.6 1,854 1,787 1,746 1,791 21,191 21,544 -1.6

 Defense search and navigation

 equipment...................................... 3,072 3,288 3,258 -6.6 0.9 -2.4 4,109 3,103 3,092 4,222 38,236 37,957 0.7

 Electromedical, measuring,

 and control instruments..................... 8,817 8,905 9,019 -1.0 -1.3 0.9 10,486 8,593 8,746 10,036 105,714 100,855 4.8

 Electrical equipment, appliances, 

 and components................................... 13,956 13,809 13,678 1.1 1.0 -0.2 13,507 13,202 13,814 13,135 162,534 151,160 7.5

 Electric lighting equipment..................... 1,131 1,141 1,099 -0.9 3.8 5.9 1,094 1,137 1,158 1,010 12,776 12,419 2.9

 Household appliances.......................... 2,845 2,838 2,868 0.2 -1.0 3.9 3,107 2,817 2,873 2,974 32,136 31,565 1.8

 Electrical equipment............................ 3,867 3,869 3,823 -0.1 1.2 -3.5 3,552 3,573 3,792 3,600 47,231 42,252 11.8

 Transportation equipment........................ 108,029 92,429 97,452 16.9 -5.2 1.9 121,801 90,554 95,151 92,753 1,113,793 930,739 19.7

 Motor vehicle bodies, parts, 

 and trailers..................................... 27,180 27,369 27,327 -0.7 0.2 1.6 25,024 27,125 27,249 24,004 321,343 293,750 9.4

 Nondefense aircraft and parts3................ 28,875 13,401 19,334 115.5 -30.7 4.7 37,980 11,935 18,122 18,834 204,313 133,693 52.8

 Defense aircraft and parts.................... 5,652 4,908 5,267 15.2 -6.8 18.2 7,686 5,361 4,689 7,785 66,525 62,329 6.7

 Ships and boats.................................. 4,141 3,969 3,239 4.3 22.5 18.6 4,927 3,745 2,854 2,865 43,665 42,676 2.3

 Furniture and related products................... 6,252 6,112 6,084 2.3 0.5 -0.1 5,701 5,995 6,128 5,423 73,185 71,401 2.5

 Nondurable goods industries..................... 265,902 271,057 276,772 -1.9 -2.1 0.1 257,062 267,201 282,250 248,189 3,251,239 2,874,506 13.1

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

 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, December Full Report, February 2, 2023. 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 December

Dec. Nov. Oct. Nov. - Oct. - Sep. - Dec. Nov. Oct. Dec. 2022/

2022p 2022r 2022 Dec. Nov. Oct. 2022p 2022r 2022 2021 2021

All manufacturing industries2...................... 1,158,011 1,143,565 1,143,249 1.3 0.0 0.5 1,153,074 1,130,557 1,133,504 1,074,601 7.3

 Excluding transportation2...................... 473,070 472,922 472,797 0.0 0.0 0.0 465,786 466,744 468,209 456,372 2.1

 Excluding defense2............................. 942,357 927,975 928,919 1.5 -0.1 0.6 935,505 918,173 921,037 862,813 8.4

 Durable goods industries2

........................ 1,158,011 1,143,565 1,143,249 1.3 0.0 0.5 1,153,074 1,130,557 1,133,504 1,074,601 7.3

 Primary metals........................................ 30,599 30,553 30,509 0.2 0.1 -0.4 30,066 29,778 29,637 30,245 -0.6

 Iron and steel mills............................... 16,273 16,148 16,080 0.8 0.4 0.0 15,845 15,649 15,612 15,666 1.1

 Aluminum and nonferrous metals............. 10,104 10,186 10,255 -0.8 -0.7 -1.3 10,067 10,018 9,969 10,815 -6.9

 Ferrous metal foundries........................ 4,222 4,219 4,174 0.1 1.1 0.3 4,154 4,111 4,056 3,764 10.4

 Fabricated metal products......................... 117,335 117,490 117,612 -0.1 -0.1 -0.1 114,127 115,203 116,321 113,970 0.1

 Machinery.............................................. 133,472 133,374 133,027 0.1 0.3 0.3 131,044 131,939 131,707 124,922 4.9

 Construction machinery......................... 9,747 9,845 9,804 -1.0 0.4 -0.1 9,448 9,446 9,310 9,265 2.0

 Mining, oil field, and

 gas field machinery.......................... 5,192 5,177 5,182 0.3 -0.1 0.4 5,192 5,177 5,182 5,067 2.5

 Industrial machinery............................. 12,989 12,881 12,708 0.8 1.4 -0.1 12,452 12,712 12,680 10,917 14.1

 Photographic equipment........................ 3,134 3,155 3,113 -0.7 1.3 0.3 3,100 3,219 3,287 3,153 -1.7

 Ventilation, heating, air-conditioning,

 and refrigeration equipment................ 12,462 12,326 12,110 1.1 1.8 1.8 11,984 11,857 11,776 9,277 29.2

 Metalworking machinery........................ 8,265 8,372 8,521 -1.3 -1.7 -0.7 8,028 8,369 8,470 8,394 -4.4

 Turbines, generators, and other 

 power transmission equipment............ 33,259 33,240 33,283 0.1 -0.1 0.2 33,259 33,240 33,283 33,419 -0.5

 Material handling equipment................... 17,507 17,405 17,295 0.6 0.6 0.9 17,546 17,203 17,156 15,810 11.0

 Computers and electronic products2

............. 140,066 140,149 140,251 -0.1 -0.1 -0.2 140,251 139,050 139,597 139,002 0.9

 Computers......................................... 1,180 1,181 1,199 -0.1 -1.5 0.1 1,180 1,181 1,199 1,219 -3.2

 Nondefense communications

 equipment...................................... 20,607 20,593 20,711 0.1 -0.6 -1.0 20,793 20,449 20,443 21,002 -1.0

 Defense communications equipment........ 290 307 315 -5.5 -2.5 0.6 294 292 301 340 -13.5

 Electronic components.......................... 15,795 15,844 15,971 -0.3 -0.8 -0.9 15,800 15,628 15,874 15,772 0.2

 Nondefense search and navigation

 equipment....................................... 32,605 32,394 32,284 0.7 0.3 0.1 32,524 32,491 32,391 31,091 4.6

 Defense search and navigation

 equipment....................................... 38,194 38,463 38,461 -0.7 0.0 0.0 38,341 37,878 38,250 38,958 -1.6

 Electromedical, measuring,

 and control instruments...................... 31,395 31,367 31,310 0.1 0.2 0.2 31,319 31,131 31,139 30,620 2.3

 Electrical equipment, appliances, 

 and components.................................... 40,426 40,187 40,110 0.6 0.2 0.5 39,643 39,687 39,696 36,801 7.7

 Electric lighting equipment..................... 2,467 2,403 2,323 2.7 3.4 2.3 2,459 2,417 2,319 2,153 14.2

 Household appliances........................... 5,205 5,047 4,870 3.1 3.6 2.4 5,310 5,101 4,927 5,407 -1.8

 Electrical equipment............................. 16,484 16,636 16,861 -0.9 -1.3 -0.1 15,997 16,418 16,608 14,213 12.6

 Transportation equipment......................... 684,941 670,643 670,452 2.1 0.0 1.0 687,288 663,813 665,295 618,229 11.2

 Motor vehicle bodies, parts, 

 and trailers...................................... 27,571 27,744 27,768 -0.6 -0.1 0.0 27,712 27,059 26,529 27,747 -0.1

 Nondefense aircraft and parts................ 467,375 453,041 453,728 3.2 -0.2 1.4 467,694 449,466 451,479 405,333 15.4

 Defense aircraft and parts..................... 59,628 59,642 60,159 0.0 -0.9 -0.2 60,301 58,809 59,241 58,558 3.0

 Ships and boats.................................. 51,655 51,198 50,826 0.9 0.7 -0.7 51,016 49,738 49,654 49,607 2.8

 Furniture and related products................... 9,765 9,771 9,902 -0.1 -1.3 -1.7 9,248 9,689 9,865 10,204 -9.4

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, December Full Report, February 2, 2023. 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 December

Dec. Nov. Oct. Nov. - Oct. - Sep. - Dec. Nov. Oct. Dec. 2022/

2022p 2022r 2022 Dec. Nov. Oct. 2022p 2022r 2022 2021 2021

 All manufacturing industries...................... 807,785 804,816 804,577 0.4 0.0 0.4 786,726 803,036 806,697 741,248 6.1

 Excluding transportation........................ 649,264 647,875 647,801 0.2 0.0 0.6 634,008 645,243 648,171 592,513 7.0

 Excluding defense............................. 780,768 777,834 777,999 0.4 0.0 0.4 759,903 776,103 780,105 715,621 6.2

 With unfilled orders............................. 396,328 392,519 391,124 1.0 0.4 0.1 386,393 391,495 390,397 365,737 5.6

 Durable goods industries........................ 493,578 490,125 489,302 0.7 0.2 0.1 480,308 489,497 488,842 454,652 5.6

 Wood products........................................ 14,579 14,584 14,630 0.0 -0.3 -0.8 14,509 14,532 14,492 14,168 2.4

 Nonmetallic mineral products..................... 16,634 16,610 16,513 0.1 0.6 0.7 16,339 16,212 16,157 14,887 9.8

 Primary metals......................................... 38,419 38,256 38,464 0.4 -0.5 -0.9 38,024 37,841 38,107 37,243 2.1

 Iron and steel mills............................... 22,367 22,254 22,432 0.5 -0.8 -1.4 22,235 22,052 22,310 22,472 -1.1

 Aluminum and nonferrous metals............ 13,262 13,222 13,276 0.3 -0.4 -0.6 13,065 13,053 13,094 12,223 6.9

 Ferrous metal foundries........................ 2,790 2,780 2,756 0.4 0.9 1.9 2,724 2,736 2,703 2,548 6.9

 Fabricated metal products......................... 62,391 62,378 62,357 0.0 0.0 -0.4 61,213 61,474 61,644 59,377 3.1

 Machinery.............................................. 88,364 87,111 86,592 1.4 0.6 1.1 86,046 87,637 86,144 75,600 13.8

 Farm machinery.................................. 5,700 5,571 5,912 2.3 -5.8 -2.0 5,688 5,619 5,692 5,047 12.7

 Construction machinery......................... 7,796 7,655 7,457 1.8 2.7 3.2 7,576 7,668 7,408 6,195 22.3

 Mining, oil field, 

 and gas field machinery.................... 6,534 6,493 6,405 0.6 1.4 1.7 6,294 6,522 6,447 5,609 12.2

 Industrial machinery............................. 11,714 11,468 11,179 2.1 2.6 2.0 11,910 11,608 10,839 10,105 17.9

 Photographic equipment....................... 1,409 1,417 1,406 -0.6 0.8 0.8 1,354 1,447 1,424 1,300 4.2

 Ventilation, heating, air-conditioning,

 and refrigeration equipment............... 8,549 8,322 8,120 2.7 2.5 2.3 7,935 8,083 7,959 6,238 27.2

 Metalworking machinery........................ 6,866 6,761 6,811 1.6 -0.7 0.1 6,755 6,852 6,891 6,239 8.3

 Turbines, generators, and other

 power transmission equipment............ 10,839 10,677 10,699 1.5 -0.2 1.1 10,341 10,793 10,723 9,263 11.6

 Material handling equipment.................. 7,329 7,200 7,094 1.8 1.5 1.6 6,950 7,429 7,232 6,066 14.6

 Computers and electronic products2

............ 53,233 53,082 53,051 0.3 0.1 0.6 51,886 53,370 53,254 49,703 4.4

 Computers......................................... 2,136 2,140 2,129 -0.2 0.5 -0.2 2,022 2,152 2,101 1,958 3.3

 Computer storage devices.................... 793 831 857 -4.6 -3.0 -0.5 754 889 878 833 -9.5

 Other peripheral equipment................... 950 953 965 -0.3 -1.2 1.0 934 989 956 820 13.9

 Nondefense communications

 equipment...................................... 4,910 4,798 4,762 2.3 0.8 -0.3 4,575 4,881 4,885 4,271 7.1

 Defense communications equipment........ 659 655 655 0.6 0.0 0.3 659 655 655 664 -0.8

 Audio and video equipment.................... 1,060 1,071 1,110 -1.0 -3.5 -2.3 1,024 1,075 1,096 1,018 0.6

 Electronic components.......................... 10,108 10,174 10,210 -0.6 -0.4 1.8 9,879 9,909 9,966 9,791 0.9

 Nondefense search and navigation

 equipment...................................... 3,541 3,521 3,482 0.6 1.1 1.1 3,452 3,514 3,545 3,119 10.7

 Defense search and navigation

 equipment....................................... 2,839 2,841 2,832 -0.1 0.3 -0.1 2,756 2,817 2,807 2,794 -1.4

 Electromedical, measuring 

 and control instruments...................... 18,226 18,136 18,064 0.5 0.4 0.2 17,792 18,336 18,170 16,680 6.7

 Electrical equipment, appliances, 

 and components.................................... 23,930 23,713 23,419 0.9 1.3 0.7 22,969 23,185 22,955 20,490 12.1

 Electric lighting equipment..................... 2,128 2,120 2,111 0.4 0.4 0.2 2,078 2,117 2,116 2,048 1.5

 Household appliances........................... 3,309 3,209 3,190 3.1 0.6 -0.3 2,987 3,093 3,199 2,710 10.2

 Electrical equipment............................. 8,346 8,232 8,063 1.4 2.1 1.4 8,122 8,077 7,747 6,838 18.8

 Batteries............................................ 1,654 1,634 1,598 1.2 2.3 2.0 1,498 1,489 1,553 1,423 5.3

 Transportation equipment......................... 158,521 156,941 156,776 1.0 0.1 -0.2 152,718 157,793 158,526 148,735 2.7

 Automobiles....................................... 6,520 6,713 6,648 -2.9 1.0 6.6 6,032 6,787 6,962 6,169 -2.2

 Light trucks and utility vehicles.............. 9,602 9,782 9,990 -1.8 -2.1 -4.7 8,090 10,173 10,371 7,572 6.8

 Heavy duty trucks ............................... 2,809 2,938 2,953 -4.4 -0.5 1.5 2,569 2,886 2,907 2,492 3.1

 Motor vehicle bodies, parts, 

 and trailers...................................... 32,632 32,397 32,335 0.7 0.2 0.2 31,833 31,940 32,099 30,546 4.2

 Nondefense aircraft and parts................ 76,505 74,648 74,831 2.5 -0.2 -0.7 74,170 75,464 76,020 73,736 0.6

 Defense aircraft and parts..................... 12,781 12,831 12,772 -0.4 0.5 0.1 12,688 12,873 12,781 12,531 1.3

 Ships and boats.................................. 4,767 4,762 4,639 0.1 2.7 2.6 4,712 4,709 4,680 3,984 18.3

 Furniture and related products.................... 10,091 10,040 10,023 0.5 0.2 0.0 9,799 9,897 9,823 8,899 10.1

 Miscellaneous durable goods..................... 27,416 27,410 27,477 0.0 -0.2 0.4 26,805 27,556 27,740 25,550 4.9

 Nondurable goods industries...................... 314,207 314,691 315,275 -0.2 -0.2 0.9 306,418 313,539 317,855 286,596 6.9

 Food products........................................ 64,442 64,177 63,895 0.4 0.4 0.5 64,442 65,666 67,038 60,589 6.4

 Grain and oilseed milling........................ 7,818 7,848 7,812 -0.4 0.5 0.0 7,813 7,866 8,085 7,270 7.5

 Dairy products.................................... 9,678 9,567 9,462 1.2 1.1 0.9 9,240 9,145 9,254 8,256 11.9

 Meat, poultry, and seafood products....... 10,959 10,999 11,078 -0.4 -0.7 -0.2 10,667 11,062 11,329 10,046 6.2

 Beverage and tobacco products................ 28,448 28,415 28,466 0.1 -0.2 0.1 28,447 28,789 28,763 27,391 3.9

 Beverages......................................... 24,856 24,796 24,811 0.2 -0.1 0.1 24,719 24,997 25,041 23,631 4.6

 Tobacco............................................ 3,592 3,619 3,655 -0.7 -1.0 -0.1 3,728 3,792 3,722 3,760 -0.9

 Textile mills............................................ 3,614 3,673 3,637 -1.6 1.0 0.3 3,580 3,639 3,592 3,282 9.1

 Textile products...................................... 4,241 4,283 4,317 -1.0 -0.8 -0.4 4,196 4,296 4,318 4,104 2.2

 Apparel................................................. 2,497 2,459 2,403 1.5 2.3 0.3 2,307 2,388 2,469 1,841 25.3

 Leather and allied products....................... 1,240 1,250 1,258 -0.8 -0.6 3.0 1,200 1,231 1,238 865 38.7

 Paper products....................................... 16,661 16,698 16,739 -0.2 -0.2 -0.1 16,450 16,435 16,524 15,752 4.4

 Pulp, paper, and paperboard mills........... 5,066 5,062 5,064 0.1 0.0 -0.1 5,054 4,996 4,953 4,854 4.1

 Paperboard containers......................... 6,186 6,192 6,176 -0.1 0.3 0.5 6,162 6,083 6,121 5,720 7.7

 Printing.................................................. 6,478 6,481 6,472 0.0 0.1 -0.5 6,315 6,528 6,652 6,033 4.7

 Petroleum and coal products..................... 51,088 51,188 51,270 -0.2 -0.2 5.3 46,643 49,174 50,752 38,033 22.6

 Petroleum refineries............................. 44,107 44,144 44,308 -0.1 -0.4 5.9 39,801 42,308 43,991 32,119 23.9

 Chemical products..................................... 103,787 104,188 104,816 -0.4 -0.6 -0.2 101,782 103,691 104,697 99,024 2.8

 Pesticides, fertilizers, and other

 agricultural chemicals........................ 6,791 6,827 6,848 -0.5 -0.3 -0.4 6,808 6,756 6,574 5,868 16.0

 Pharmaceuticals and medicines.............. 42,750 42,890 43,095 -0.3 -0.5 0.2 41,963 42,897 43,291 42,539 -1.4

 Paints, coatings, and adhesives.............. 5,253 5,296 5,295 -0.8 0.0 0.9 5,045 5,153 5,158 4,238 19.0

 Plastics and rubber products..................... 31,711 31,879 32,002 -0.5 -0.4 -0.1 31,056 31,702 31,812 29,682 4.6

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, December Full Report, February 2, 2023. 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

Dec. Nov. Oct. Nov. - Oct. - Sep. - Dec. Nov. Oct. Dec. 2022/

2022p 2022r 2022 Dec. Nov. Oct. 2022p 2022r 2022 2021 2022p 2021 2021

SHIPMENTS

 All manufacturing industries......................... 543,320 547,319 552,057 -0.7 -0.9 0.2 536,179 535,565 559,121 507,124 6,486,443 5,797,752 11.9

 Construction materials and supplies....... 61,267 61,295 61,273 0.0 0.0 -0.1 54,241 57,972 63,475 54,284 735,271 678,285 8.4

 Information technology......................... 25,020 25,099 25,250 -0.3 -0.6 0.9 28,362 24,572 24,834 26,974 296,598 276,049 7.4

 Computers and related products........... 2,249 2,286 2,270 -1.6 0.7 4.6 2,802 2,177 2,271 2,173 24,597 20,943 17.4

 Motor vehicle and parts......................... 62,365 61,820 61,821 0.9 0.0 0.1 60,205 61,041 63,442 54,022 712,998 623,344 14.4

 Capital goods...................................... 100,170 99,394 98,448 0.8 1.0 1.3 111,775 96,454 95,831 98,702 1,143,292 1,025,396 11.5

 Nondefense capital goods3.................. 85,127 85,075 84,170 0.1 1.1 1.6 94,948 81,198 81,839 83,936 973,673 866,833 12.3

 Excluding aircraft............................. 74,626 75,073 75,159 -0.6 -0.1 1.5 79,376 71,290 74,478 75,012 878,671 793,194 10.8

 Defense capital goods4........................ 15,043 14,319 14,278 5.1 0.3 -0.7 16,827 15,256 13,992 14,766 169,619 158,563 7.0

 Consumer goods.................................. 229,894 234,054 239,134 -1.8 -2.1 0.2 226,073 233,211 245,325 210,423 2,776,452 2,391,626 16.1

 Consumer durable goods..................... 46,954 46,365 46,475 1.3 -0.2 -0.3 48,142 46,358 47,576 43,472 536,395 477,697 12.3

 Consumer nondurable goods................ 182,940 187,689 192,659 -2.5 -2.6 0.3 177,931 186,853 197,749 166,951 2,240,057 1,913,929 17.0

 All manufacturing industries5...................... 552,484 542,460 553,138 1.8 -1.9 0.4 553,886 526,807 555,370 515,666 6,504,992 5,818,472 11.8

 Construction materials and supplies....... 61,106 61,427 61,465 -0.5 -0.1 -0.2 53,486 57,252 62,268 55,161 737,257 699,068 5.5

 Information technology......................... 25,134 25,211 25,158 -0.3 0.2 0.4 29,398 24,112 24,553 28,988 298,615 286,199 4.3

 Computers and related products........... 2,248 2,268 2,271 -0.9 -0.1 5.2 2,801 2,159 2,272 2,133 24,558 20,785 18.2

 Motor vehicle and parts......................... 62,192 61,796 61,816 0.6 0.0 0.8 60,858 61,571 62,705 54,851 712,963 627,390 13.6

 Capital goods...................................... 115,512 99,694 104,458 15.9 -4.6 1.4 133,142 93,752 100,590 106,224 1,215,238 1,069,823 13.6

 Nondefense capital goods3.................. 100,562 84,311 90,241 19.3 -6.6 1.0 112,014 78,872 88,479 89,493 1,044,630 911,622 14.6

 Excluding aircraft............................. 74,852 74,921 75,055 -0.1 -0.2 0.3 78,371 70,998 74,305 75,952 886,527 818,637 8.3

 Defense capital goods4........................ 14,950 15,383 14,217 -2.8 8.2 4.2 21,128 14,880 12,111 16,731 170,608 158,201 7.8

 Consumer goods.................................. 230,093 234,166 239,143 -1.7 -2.1 0.2 226,067 233,325 245,351 210,193 2,775,921 2,393,551 16.0

 Consumer durable goods..................... 47,153 46,477 46,484 1.5 0.0 -0.3 48,136 46,472 47,602 43,242 535,864 479,622 11.7

 Consumer nondurable goods.............. 182,940 187,689 192,659 -2.5 -2.6 0.3 177,931 186,853 197,749 166,951 2,240,057 1,913,929 17.0

 All manufacturing industries5...................... 1,158,011 1,143,565 1,143,249 1.3 0.0 0.5 1,153,074 1,130,557 1,133,504 1,074,601 (X) (X) 7.3

 Construction materials and supplies....... 89,636 89,797 89,665 -0.2 0.1 0.2 86,847 87,602 88,322 84,861 (X) (X) 2.3

 Information technology......................... 143,675 143,561 143,449 0.1 0.1 -0.1 143,428 142,392 142,852 141,411 (X) (X) 1.4

 Computers and related products........... 1,180 1,181 1,199 -0.1 -1.5 0.1 1,180 1,181 1,199 1,219 (X) (X) -3.2

 Motor vehicle and parts......................... 27,571 27,744 27,768 -0.6 -0.1 0.0 27,712 27,059 26,529 27,747 (X) (X) -0.1

 Capital goods...................................... 854,072 838,730 838,430 1.8 0.0 0.7 852,117 830,750 833,452 780,171 (X) (X) 9.2

 Nondefense capital goods3.................. 666,023 650,588 651,352 2.4 -0.1 0.9 662,585 645,519 647,845 591,628 (X) (X) 12.0

 Excluding aircraft............................. 267,488 267,262 267,414 0.1 -0.1 0.0 264,150 265,155 265,447 256,294 (X) (X) 3.1

 Defense capital goods4........................ 188,049 188,142 187,078 0.0 0.6 0.0 189,532 185,231 185,607 188,543 (X) (X) 0.5

 Consumer goods.................................. 11,072 10,873 10,761 1.8 1.0 0.1 10,964 10,970 10,856 11,495 (X) (X) -4.6

 Consumer durable goods..................... 11,072 10,873 10,761 1.8 1.0 0.1 10,964 10,970 10,856 11,495 (X) (X) -4.6 

 All manufacturing industries....................... 807,785 804,816 804,577 0.4 0.0 0.4 786,726 803,036 806,697 741,248 (X) (X) 6.1

 Construction materials and supplies....... 87,436 87,274 87,105 0.2 0.2 0.0 85,582 85,776 85,829 81,231 (X) (X) 5.4

 Information technology......................... 45,133 44,997 44,833 0.3 0.4 0.2 43,728 45,289 44,970 41,040 (X) (X) 6.5

 Computers and related products........... 3,879 3,924 3,951 -1.1 -0.7 0.1 3,710 4,030 3,935 3,611 (X) (X) 2.7

 Motor vehicle and parts......................... 51,563 51,830 51,926 -0.5 -0.2 0.0 48,524 51,786 52,339 46,779 (X) (X) 3.7

 Capital goods...................................... 241,928 238,950 238,022 1.2 0.4 0.3 235,419 240,499 238,696 220,135 (X) (X) 6.9

 Nondefense capital goods3.................. 218,914 215,966 215,445 1.4 0.2 0.3 212,506 217,606 216,114 198,304 (X) (X) 7.2

 Excluding aircraft............................. 153,125 151,999 151,279 0.7 0.5 0.7 148,995 152,756 150,725 135,025 (X) (X) 10.3

 Defense capital goods4........................ 23,014 22,984 22,577 0.1 1.8 0.8 22,913 22,893 22,582 21,831 (X) (X) 5.0

 Consumer goods.................................. 245,275 245,495 245,823 -0.1 -0.1 1.2 236,838 245,760 249,839 220,858 (X) (X) 7.2

 Consumer durable goods..................... 43,274 43,499 43,716 -0.5 -0.5 -0.2 40,377 43,910 44,503 38,043 (X) (X) 6.1

 Consumer nondurable goods................ 202,001 201,996 202,107 0.0 -0.1 1.5 196,461 201,850 205,336 182,815 (X) (X) 7.5

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, December Full Report, February 2, 2023. 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 December

Dec. Nov. Oct. Nov. - Oct. - Sep. - Dec. Nov. Oct. Dec. 2022/

2022p 2022r 2022 Dec. Nov. Oct. 2022p 2022r 2022 2021 2021

MATERIALS AND SUPPLIES

 All manufacturing industries....................... 297,285 296,147 296,935 0.4 -0.3 0.3 293,263 294,103 296,519 272,014 7.8

 Durable goods industries.......................... 182,775 181,707 181,581 0.6 0.1 0.3 180,682 180,992 181,224 167,991 7.6

 Wood products................................... 6,434 6,372 6,432 1.0 -0.9 -1.1 6,533 6,471 6,474 6,200 5.4

 Nonmetallic mineral products................. 7,364 7,342 7,300 0.3 0.6 -0.1 7,310 7,270 7,243 6,374 14.7

 Primary metals.................................... 13,735 13,747 14,085 -0.1 -2.4 -0.7 13,846 13,792 14,249 13,526 2.4

 Fabricated metal products.......................... 24,796 24,875 25,036 -0.3 -0.6 -1.2 24,676 24,553 24,805 24,772 -0.4

 Machinery.......................................... 38,315 37,864 37,726 1.2 0.4 1.6 37,615 37,831 37,646 32,725 14.9

 Computers and electronic products........ 25,612 25,529 25,388 0.3 0.6 -0.1 25,207 25,613 25,477 22,921 10.0

 Electrical equipment, appliances,

 and components............................... 11,442 11,313 11,059 1.1 2.3 0.6 11,085 11,071 10,822 9,497 16.7

 Transportation equipment..................... 41,292 40,864 40,766 1.0 0.2 0.9 40,811 40,698 40,818 39,069 4.5

 Furniture and related products............... 4,883 4,875 4,798 0.2 1.6 -0.2 4,751 4,724 4,657 4,260 11.5

 Miscellaneous products......................... 8,902 8,926 8,991 -0.3 -0.7 1.2 8,848 8,969 9,033 8,647 2.3

 Nondurable goods industries...................... 114,510 114,440 115,354 0.1 -0.8 0.2 112,581 113,111 115,295 104,023 8.2

 Food products.................................... 24,360 24,437 24,500 -0.3 -0.3 0.0 24,526 24,753 25,173 23,646 3.7

 Beverage and tobacco products........................ 6,027 5,952 5,902 1.3 0.8 0.8 6,246 6,078 5,960 6,288 -0.7

 Textiles.............................................. 1,415 1,433 1,445 -1.3 -0.8 0.8 1,411 1,420 1,420 1,336 5.6

 Textile products................................... 1,539 1,552 1,564 -0.8 -0.8 -0.8 1,534 1,554 1,559 1,446 6.1

 Apparel............................................. 722 727 735 -0.7 -1.1 0.0 687 710 747 632 8.7

 Leather and allied products.................... 392 393 398 -0.3 -1.3 3.4 385 384 390 314 22.6

 Paper products.................................... 8,802 8,810 8,837 -0.1 -0.3 -0.2 8,768 8,736 8,750 8,157 7.5

 Printing ............................................. 3,437 3,446 3,440 -0.3 0.2 -0.1 3,395 3,464 3,498 3,165 7.3

 Petroleum and coal products................. 17,838 17,211 17,821 3.6 -3.4 1.8 16,012 15,964 17,441 12,316 30.0

 Chemical products................................ 36,093 36,423 36,610 -0.9 -0.5 -0.1 35,801 36,091 36,403 33,523 6.8

 Plastics and rubber products.................. 13,885 14,056 14,102 -1.2 -0.3 -0.7 13,816 13,957 13,954 13,200 4.7

WORK IN PROCESS

 All manufacturing industries....................... 228,630 226,257 224,783 1.0 0.7 0.2 221,839 227,164 226,643 211,293 5.0

 Durable goods industries.......................... 175,307 172,871 171,952 1.4 0.5 -0.2 169,558 173,123 172,518 163,580 3.7

 Wood products................................... 2,042 2,079 2,108 -1.8 -1.4 1.0 2,015 2,066 2,078 2,099 -4.0

 Nonmetallic mineral products................. 1,527 1,519 1,508 0.5 0.7 1.0 1,468 1,458 1,448 1,444 1.7

 Primary metals.................................... 12,933 12,688 12,592 1.9 0.8 -1.5 12,333 12,468 12,545 11,928 3.4

 Fabricated metal products.......................... 15,102 15,065 14,955 0.2 0.7 0.8 14,659 14,938 14,914 13,689 7.1

 Machinery.......................................... 24,623 24,045 23,765 2.4 1.2 -0.2 23,503 24,292 23,478 20,653 13.8

 Computers and electronic products........ 13,130 13,253 13,356 -0.9 -0.8 0.8 12,749 13,148 13,214 13,617 -6.4

 Electrical equipment, appliances,

 and components............................... 4,416 4,352 4,319 1.5 0.8 1.1 4,244 4,257 4,250 3,879 9.4

 Transportation equipment..................... 95,350 93,803 93,305 1.6 0.5 -0.6 92,618 94,405 94,492 90,893 1.9

 Furniture and related products............... 1,414 1,404 1,412 0.7 -0.6 2.1 1,395 1,431 1,403 1,279 9.1

 Miscellaneous products......................... 4,770 4,663 4,632 2.3 0.7 -0.3 4,574 4,660 4,696 4,099 11.6

 Nondurable goods industries...................... 53,323 53,386 52,831 -0.1 1.1 1.5 52,281 54,041 54,125 47,713 9.6

 Food products.................................... 5,853 5,862 5,967 -0.2 -1.8 2.2 6,290 6,548 6,860 6,111 2.9

 Beverage and tobacco products........................ 8,825 8,866 8,862 -0.5 0.0 0.3 9,180 9,177 9,060 8,997 2.0

 Textiles.............................................. 613 613 608 0.0 0.8 -1.3 592 610 608 580 2.1

 Textile products................................... 454 458 455 -0.9 0.7 -1.9 444 459 453 429 3.5

 Apparel............................................. 296 291 286 1.7 1.7 0.7 272 282 289 248 9.7

 Leather and allied products.................... 114 117 119 -2.6 -1.7 0.8 112 116 116 117 -4.3

 Paper products.................................... 1,426 1,435 1,427 -0.6 0.6 0.0 1,384 1,414 1,406 1,384 0.0

 Printing ............................................. 1,183 1,178 1,189 0.4 -0.9 -0.8 1,116 1,201 1,260 1,177 -5.2

 Petroleum and coal products................. 15,385 14,902 14,571 3.2 2.3 4.8 13,944 14,336 14,705 9,590 45.4

 Chemical products................................ 15,720 16,239 15,903 -3.2 2.1 -0.3 15,589 16,460 15,891 15,714 -0.8

 Plastics and rubber products.................. 3,454 3,425 3,444 0.8 -0.6 1.1 3,358 3,438 3,477 3,366 -0.2

FINISHED GOODS

 All manufacturing industries....................... 281,870 282,412 282,859 -0.2 -0.2 0.7 271,624 281,769 283,535 257,941 5.3

 Durable goods industries.......................... 135,496 135,547 135,769 0.0 -0.2 0.3 130,068 135,382 135,100 123,081 5.7

 Wood products................................... 6,103 6,133 6,090 -0.5 0.7 -1.0 5,961 5,995 5,940 5,869 1.6

 Nonmetallic mineral products................. 7,743 7,749 7,705 -0.1 0.6 1.4 7,561 7,484 7,466 7,069 7.0

 Primary metals.................................... 11,751 11,821 11,787 -0.6 0.3 -0.5 11,845 11,581 11,313 11,789 0.5

 Fabricated metal products.......................... 22,493 22,438 22,366 0.2 0.3 -0.3 21,878 21,983 21,925 20,916 4.6

 Machinery.......................................... 25,426 25,202 25,101 0.9 0.4 1.5 24,928 25,514 25,020 22,222 12.2

 Computers and electronic products........ 14,491 14,300 14,307 1.3 0.0 1.5 13,930 14,609 14,563 13,165 5.8

 Electrical equipment, appliances,

 and components............................... 8,072 8,048 8,041 0.3 0.1 0.6 7,640 7,857 7,883 7,114 7.4

 Transportation equipment..................... 21,879 22,274 22,705 -1.8 -1.9 -0.6 19,289 22,690 23,216 18,773 2.7

 Furniture and related products............... 3,794 3,761 3,813 0.9 -1.4 -0.5 3,653 3,742 3,763 3,360 8.7

 Miscellaneous products......................... 13,744 13,821 13,854 -0.6 -0.2 0.1 13,383 13,927 14,011 12,804 4.5

 Nondurable goods industries...................... 146,374 146,865 147,090 -0.3 -0.2 1.1 141,556 146,387 148,435 134,860 5.0

 Food products.................................... 34,229 33,878 33,428 1.0 1.3 0.6 33,626 34,365 35,005 30,832 9.1

 Beverage and tobacco products........................ 13,596 13,597 13,702 0.0 -0.8 -0.4 13,021 13,534 13,743 12,106 7.6

 Textiles.............................................. 1,586 1,627 1,584 -2.5 2.7 0.4 1,577 1,609 1,564 1,366 15.4

 Textile products................................... 2,248 2,273 2,298 -1.1 -1.1 0.3 2,218 2,283 2,306 2,229 -0.5

 Apparel............................................. 1,479 1,441 1,382 2.6 4.3 0.4 1,348 1,396 1,433 961 40.3

 Leather and allied products.................... 734 740 741 -0.8 -0.1 3.2 703 731 732 434 62.0

 Paper products.................................... 6,433 6,453 6,475 -0.3 -0.3 0.1 6,298 6,285 6,368 6,211 1.4

 Printing ............................................. 1,858 1,857 1,843 0.1 0.8 -1.0 1,804 1,863 1,894 1,691 6.7

 Petroleum and coal products................. 17,865 19,075 18,878 -6.3 1.0 9.3 16,687 18,874 18,606 16,127 3.5

 Chemical products................................ 51,974 51,526 52,303 0.9 -1.5 -0.3 50,392 51,140 52,403 49,787 1.2

 Plastics and rubber products.................. 14,372 14,398 14,456 -0.2 -0.4 0.1 13,882 14,307 14,381 13,116 5.8

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 

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. 

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, December Full Report, February 2, 2023. 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 Dec Nov Oct Sep Dec Nov Oct Sep

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

All manufacturing industries3

.................................... 1.49 1.47 1.46 1.45 (X) (X) (X) (X)

Durable goods industries3

........................................ 1.78 1.77 1.78 1.78 6.07 6.01 6.03 6.03

 Wood products........................................................... 1.15 1.14 1.15 1.15 (X) (X) (X) (X)

 Nonmetallic mineral products............................. 1.33 1.33 1.32 1.31 (X) (X) (X) (X)

 Primary metals............................................................ 1.93 1.91 1.90 1.91 1.54 1.53 1.51 1.51

 Fabricated metal products...................................... 1.71 1.71 1.71 1.71 3.29 3.30 3.30 3.29

 Machinery..................................................................... 2.31 2.25 2.23 2.24 3.81 3.78 3.75 3.82

 Computers and electronic products3

................... 1.80 1.79 1.80 1.80 6.28 6.25 6.23 6.28

 Electrical equipment, appliances,

 and components.................................................... 1.74 1.73 1.74 1.73 3.22 3.18 3.21 3.19

 Transportation equipment..................................... 1.69 1.70 1.72 1.73 11.66 11.60 11.84 11.82

 Furniture and related products............................ 1.61 1.61 1.60 1.61 1.77 1.78 1.79 1.82

 Miscellaneous products.......................................... 1.92 1.94 1.96 1.96 (X) (X) (X) (X)

Nondurable goods industries................................... 1.18 1.16 1.14 1.13 (X) (X) (X) (X)

 Food products............................................................. 0.85 0.85 0.84 0.84 (X) (X) (X) (X)

 Beverage and tobacco products........................... 1.64 1.68 1.70 1.68 (X) (X) (X) (X)

 Textiles.......................................................................... 1.63 1.65 1.59 1.56 (X) (X) (X) (X)

 Textile products......................................................... 2.18 2.22 2.22 2.17 (X) (X) (X) (X)

 Apparel........................................................................ 3.11 3.14 3.17 3.25 (X) (X) (X) (X)

 Leather and allied products................................ 2.48 2.54 2.65 2.64 (X) (X) (X) (X)

 Paper products.......................................................... 1.02 1.03 1.03 1.03 (X) (X) (X) (X)

 Printing........................................................................ 0.92 0.93 0.92 0.93 (X) (X) (X) (X)

 Petroleum and coal products............................... 0.92 0.83 0.77 0.74 (X) (X) (X) (X)

 Chemical products................................................... 1.57 1.58 1.58 1.58 (X) (X) (X) (X)

 Plastics and rubber products................................ 1.43 1.44 1.44 1.44 (X) (X) (X) (X)

Dec3 Dec3 Dec3 Dec3

Industry 2021- 2021- 2021- 2021-

Dec2 Nov Dec2 Nov Dec2 Nov Dec2 Nov

2022 2022 2022 2022 2022 2022 2022 2022

All manufacturing industries.................. (X) 0.2 (X) 0.3 (X) 0.1 (X) 0.1

Durable goods industries....................... -0.1 0.2 0.0 0.5 0.0 0.1 0.0 0.1

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

 Nonmetallic mineral products.............. (X) 0.5 (X) (NA) (X) (NA) (X) 0.2

 Primary metals............................................. 0.0 0.4 -0.2 0.6 -0.1 0.3 0.1 0.1

 Fabricated metal products.................... -0.2 0.2 -0.2 0.3 0.0 0.1 0.0 0.1

 Machinery...................................................... -0.2 0.3 0.0 0.5 0.1 0.1 0.0 0.2

 Computers and electronic products..... 0.1 0.2 0.1 0.4 0.0 0.1 -0.2 0.1

 Electrical equipment, appliances,

 and components..................................... -0.3 0.4 -0.8 0.7 -0.2 0.2 0.0 0.3

 Transportation equipment.................... -0.1 0.4 0.2 1.2 0.0 0.1 -0.1 0.1

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

 Miscellaneous products.......................... (X) 0.4 (X) 0.5 (X) 0.2 (X) 0.1

Nondurable goods industries................... (X) 0.4 (X) (NA) (X) (NA) (X) 0.1

 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) 0.5 (X) (NA) (X) (NA) (X) 0.4

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

 Apparel......................................................... (X) 0.6 (X) (NA) (X) (NA) (X) 0.7

 Leather and allied products.................. (X) 1.0 (X) (NA) (X) (NA) (X) 0.8

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

 Printing.......................................................... (X) 0.8 (X) (NA) (X) (NA) (X) 0.4

 Petroleum and coal products............... (X) 1.4 (X) (NA) (X) (NA) (X) 0.6

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

 Plastics and rubber products................ (X) 0.1 (X) (NA) (X) (NA) (X) 0.2

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, December Full Report, February 2, 2023. 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, December Full Report, February 2, 2023. 

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