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FOR RELEASE AT 8:30 AM EST, WEDNESDAY, NOVEMBER 23, 2022

MONTHLY ADVANCE REPORT ON DURABLE GOODS MANUFACTURERS’ SHIPMENTS, 

INVENTORIES AND ORDERS OCTOBER 2022

Release Number: CB 22-189 M3-1 (22)-10

November 23, 2022 — The U.S. Census Bureau announces the October advance report on durable goods 

manufacturers’ shipments, inventories and orders:

New Orders

New orders for manufactured durable goods in October, up seven of the last eight months, increased $2.8

billion or 1.0 percent to $277.4 billion, the U.S. Census Bureau announced today. This followed a 0.3

percent September increase. Excluding transportation, new orders increased 0.5 percent. Excluding 

defense, new orders increased 0.8 percent. Transportation equipment, up six of the last seven months, 

led the increase, $2.0 billion or 2.1 percent to $97.8 billion.

Shipments

Shipments of manufactured durable goods in October, up seventeen of the last eighteen months,

increased $1.1 billion or 0.4 percent to $275.4 billion. This followed a 0.3 percent September increase. 

Machinery, up nineteen of the last twenty months, led the increase, $0.5 billion or 1.3 percent to $38.9

billion.

DURABLE GOODS – NEW ORDERS

OCTOBER 2022 $277.4 billion +1.0%°

SEPTEMBER 2022

(revised) $274.6 billion +0.3%°

Next release: December 23, 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, November 

23, 2022.

1.4%

0.9%

3.1%

-0.7%

0.7% 0.4%

0.8%

2.3%

-0.1%

0.2% 0.3%

1.0%

-4.0%

-3.0%

-2.0%

-1.0%

0.0%

1.0%

2.0%

3.0%

4.0%

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

DURABLE GOODS NEW ORDERS 2021-2022

Seasonally Adjusted, Month-To-Month Percentage Change

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders, November 23, 2022.
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Unfilled Orders

Unfilled orders for manufactured durable goods in October, up twenty-six consecutive months, increased

$7.0 billion or 0.6 percent to $1,144.3 billion. This followed a 0.5 percent September increase.

Transportation equipment, up twenty of the last twenty-one months, led the increase, $6.9 billion or 1.0

percent to $671.1 billion.

Inventories

Inventories of manufactured durable goods in October, up twenty-one consecutive months, increased $0.9

billion or 0.2 percent to $489.5 billion. This followed a 0.2 percent September increase. Machinery, up

twenty-four consecutive months, drove the increase, $0.9 billion or 1.1 percent to $86.6 billion. 

Capital Goods

Nondefense new orders for capital goods in October increased $1.7 billion or 1.9 percent to $91.0 billion. 

Shipments increased $1.1 billion or 1.3 percent to $83.9 billion. Unfilled orders increased $7.1 billion or 

1.1 percent to $652.4 billion. Inventories increased $0.8 billion or 0.4 percent to $215.6 billion. Defense 

new orders for capital goods in October increased $0.5 billion or 3.3 percent to $14.1 billion. Shipments

decreased $0.1 billion or 0.5 percent to $14.3 billion. Unfilled orders decreased $0.2 billion or 0.1 percent 

to $186.9 billion. Inventories increased $0.2 billion or 0.7 percent to $22.6 billion.

Revised September Data

Revised seasonally adjusted September figures for all manufacturing industries were: new orders, $551.0

billion (unchanged from $551.0 billion); shipments, $550.8 billion (revised from $550.3 billion); unfilled 

orders, $1,137.3 billion (revised from $1,137.8 billion) and total inventories, $801.2 billion (revised from 

$801.6 billion).

Revised and more detailed estimates, plus nondurable goods data, will be published on December 5, 2022,

at 10:00 a.m. EST. The Advance Report on durable goods for November is scheduled for release on

December 23, 2022, at 8:30 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>.

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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2023 Release Dates for the M3 Survey

Survey month Advance Report on Durable 

Goods and Advance Total 

Manufacturing 

(8:30 a.m. release time)

Full Report 

(10:00 a.m. release time)

Nov-22 Fri 12/23/2022 Fri 1/6/2023

Dec-22 Thu 1/26/2023 Thu 2/2/2023

Jan-23 Mon 2/27/2023 Mon 3/6/2023

Feb-23 Fri 3/24/2023 Tue 4/4/2023

Mar-23 Wed 4/26/2023 Tue 5/2/2023

Apr-23 Fri 5/26/2023 Mon 6/5/2023

May-23 Tue 6/27/2023 Wed 7/5/2023

Jun-23 Thu 7/27/2023 Thu 8/3/2023

Jul-23 Thu 8/24/2023 Tue 9/5/2023

Aug-23 Wed 9/27/2023 Wed 10/4/2023

Sep-23 Thu 10/26/2023 Thu 11/2/2023

Oct-23 Wed 11/22/2023 Mon 12/4/2023

Nov-23 Fri 12/22/2023 Not available at this time

OMB: Schedule of Release Dates 2023 (whitehouse.gov)

Special Notice - New Advance Estimates Of Total Manufacturing

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

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

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

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

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

Highlights”. 

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

Oct Sep Aug Sep - Aug - Jul - Oct Sep Oct Change

2022 2 2022 r 2022 Oct 2 Sep r Aug 2022 2 2022 r 2021 2022 2021 2022/2021

DURABLE GOODS

 Total:

 Shipments................................ 275,396 274,331 273,530 0.4 0.3 1.3 277,027 290,687 253,454 2,687,859 2,418,681 11.1

 New Orders4.............................. 277,375 274,557 273,841 1.0 0.3 0.2 273,451 290,113 247,086 2,697,835 2,432,162 10.9

 Excluding transportation:

 Shipments................................ 184,525 183,760 183,996 0.4 -0.1 0.2 186,213 193,118 174,952 1,833,537 1,671,046 9.7

 New Orders4.............................. 179,613 178,773 180,358 0.5 -0.9 0.1 178,275 186,148 170,515 1,796,228 1,674,001 7.3

 Excluding defense:

 Shipments................................ 258,929 257,863 256,920 0.4 0.4 1.3 260,781 272,686 238,051 2,529,465 2,269,655 11.4

 New Orders4.............................. 260,810 258,726 255,264 0.8 1.4 -0.3 258,883 269,652 234,177 2,538,753 2,286,261 11.0

 Manufacturing with unfilled orders:

 Shipments................................ 189,456 188,503 189,347 0.5 -0.4 1.6 188,235 199,667 173,699 1,853,198 1,663,192 11.4

 New Orders.............................. 196,453 193,829 194,542 1.4 -0.4 0.1 190,495 204,944 172,878 1,912,475 1,724,510 10.9

 Primary metals:

 Shipments................................ 20,367 20,329 20,754 0.2 -2.0 0.4 20,061 20,539 19,664 209,579 187,831 11.6

 New Orders.............................. 20,264 20,280 20,738 -0.1 -2.2 0.4 19,726 20,174 19,439 208,991 191,386 9.2

 Fabricated metal products:

 Shipments................................ 36,618 36,690 36,836 -0.2 -0.4 -0.8 37,610 37,953 35,927 370,436 332,145 11.5

 New Orders.............................. 36,471 36,432 36,860 0.1 -1.2 -0.9 35,947 36,711 35,011 372,774 352,381 5.8

 Machinery:

 Shipments................................ 38,864 38,362 38,151 1.3 0.6 0.4 38,320 39,632 34,650 377,600 333,507 13.2

 New Orders.............................. 39,319 38,734 38,888 1.5 -0.4 0.7 38,469 39,525 36,052 384,569 348,675 10.3

 Computers and electronic products4:

 Shipments................................ 29,489 29,380 29,193 0.4 0.6 0.0 29,704 32,882 27,206 284,538 267,010 6.6

 New Orders.............................. 24,324 24,229 24,519 0.4 -1.2 -0.1 23,567 27,743 22,214 235,817 223,297 5.6

 Computers and related products:

 Shipments................................ 2,269 2,170 2,167 4.6 0.1 0.1 2,271 2,470 1,679 19,618 17,078 14.9

 New Orders.............................. 2,260 2,158 2,159 4.7 0.0 -0.7 2,262 2,458 1,648 19,588 16,990 15.3 

 Communications equipment:

 Shipments................................ 3,270 3,240 3,278 0.9 -1.2 -2.7 2,924 4,022 2,672 31,694 28,868 9.8

 New Orders.............................. 3,197 3,088 3,292 3.5 -6.2 0.5 2,794 3,876 3,082 31,096 30,398 2.3

 Electrical equipment, appliances, 

 and components: 

 Shipments................................ 13,413 13,381 13,451 0.2 -0.5 2.3 13,395 14,425 12,481 132,747 120,060 10.6

 New Orders.............................. 13,670 13,622 13,851 0.4 -1.7 1.4 13,716 14,324 13,082 135,649 125,508 8.1

 Transportation equipment: 

 Shipments................................ 90,871 90,571 89,534 0.3 1.2 3.7 90,814 97,569 78,502 854,322 747,635 14.3

 New Orders.............................. 97,762 95,784 93,483 2.1 2.5 0.5 95,176 103,965 76,571 901,607 758,161 18.9

 Motor vehicles and parts:

 Shipments................................ 61,848 61,741 60,263 0.2 2.5 1.0 63,484 65,130 55,083 591,786 516,098 14.7

 New Orders.............................. 61,796 61,446 60,033 0.6 2.4 0.7 62,686 64,830 54,835 590,665 518,790 13.9 

 Nondefense aircraft and parts5:

 Shipments................................ 12,976 12,845 13,137 1.0 -2.2 24.7 11,516 15,058 8,726 108,235 90,830 19.2

 New Orders.............................. 19,816 18,454 14,954 7.4 23.4 -8.6 18,096 19,141 9,190 154,372 101,782 51.7

 Defense aircraft and parts:

 Shipments................................ 5,374 5,401 5,505 -0.5 -1.9 6.0 5,382 6,041 5,445 52,794 52,405 0.7

 New Orders.............................. 5,424 4,457 6,611 21.7 -32.6 26.1 4,693 5,504 4,904 53,482 49,266 8.6

 All other durable goods: 

 Shipments................................ 45,774 45,618 45,611 0.3 0.0 0.1 47,123 47,687 45,024 458,637 430,493 6.5

 New Orders.............................. 45,565 45,476 45,502 0.2 -0.1 -0.1 46,850 47,671 44,717 458,428 432,754 5.9

 Capital goods3:

 Shipments................................ 98,185 97,158 97,643 1.1 -0.5 2.8 95,551 105,059 85,595 934,763 840,968 11.2

 New Orders.............................. 105,094 102,967 102,525 2.1 0.4 0.3 100,587 111,382 86,620 988,331 873,838 13.1

 Nondefense capital goods:

 Shipments................................ 83,876 82,779 83,134 1.3 -0.4 3.1 81,561 89,410 72,225 797,219 711,485 12.1

 New Orders.............................. 90,983 89,313 86,162 1.9 3.7 -1.1 88,473 93,747 75,380 853,719 744,948 14.6

 Excluding aircraft:

 Shipments........................... 75,019 74,036 74,121 1.3 -0.1 0.2 74,221 78,715 67,151 727,718 652,749 11.5

 New Orders.......................... 75,323 74,793 75,379 0.7 -0.8 0.9 74,342 78,888 69,852 737,176 675,130 9.2

 Defense capital goods:

 Shipments................................ 14,309 14,379 14,509 -0.5 -0.9 1.4 13,990 15,649 13,370 137,544 129,483 6.2

 New Orders.............................. 14,111 13,654 16,363 3.3 -16.6 8.4 12,114 17,635 11,240 134,612 128,890 4.4

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, October Advance Report, November 23, 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

Oct Sep Aug Sep - Aug - Jul - Oct Sep Oct 2022/

2022 2 2022 r 2022 Oct 2 Sep r Aug 2022 2 2022 r 2021 2021

DURABLE GOODS

 Total:

 Unfilled Orders4......................... 1,144,273 1,137,276 1,131,950 0.6 0.5 0.5 1,133,878 1,131,618 1,057,901 7.2

 Total Inventories....................... 489,525 488,640 487,486 0.2 0.2 0.2 488,620 487,718 458,533 6.6

 Excluding transportation:

 Unfilled Orders4

......................... 473,156 473,050 472,937 0.0 0.0 0.3 468,364 470,466 452,040 3.6

 Total Inventories....................... 332,726 331,571 330,086 0.3 0.4 0.4 330,209 329,542 303,351 8.9

 Excluding defense:

 Unfilled Orders4

........................... 930,142 923,243 917,280 0.7 0.7 0.4 921,402 917,464 847,978 8.7

 Total Inventories....................... 462,951 462,246 460,835 0.2 0.3 0.3 462,021 461,319 432,882 6.7

 Manufacturing with unfilled orders:

 Unfilled Orders......................... 1,144,273 1,137,276 1,131,950 0.6 0.5 0.5 1,133,878 1,131,618 1,057,901 7.2

 Total Inventories....................... 391,116 390,504 390,121 0.2 0.1 0.1 390,225 390,129 368,114 6.0

 Primary metals:

 Unfilled Orders......................... 30,571 30,674 30,723 -0.3 -0.2 -0.1 29,657 29,992 29,912 -0.9

 Total Inventories....................... 38,489 38,818 38,991 -0.8 -0.4 -0.2 38,139 38,466 36,130 5.6

 Fabricated metal products:

 Unfilled Orders......................... 117,616 117,763 118,021 -0.1 -0.2 0.0 116,308 117,971 114,685 1.4

 Total Inventories....................... 62,520 62,610 62,752 -0.1 -0.2 0.2 61,808 62,285 58,417 5.8

 Machinery: 

 Unfilled Orders......................... 133,129 132,674 132,302 0.3 0.3 0.6 131,891 131,742 123,685 6.6

 Total Inventories....................... 86,565 85,632 84,401 1.1 1.5 0.6 85,931 85,524 74,732 15.0

 Computers and electronic products4

:

 Unfilled Orders......................... 140,391 140,538 140,589 -0.1 0.0 0.1 139,582 139,883 136,012 2.6

 Total Inventories....................... 53,084 52,753 52,468 0.6 0.5 0.4 53,239 52,533 50,459 5.5

 Computers and related products:

 Unfilled Orders......................... 1,189 1,198 1,210 -0.8 -1.0 -0.7 1,189 1,198 1,289 -7.8

 Total Inventories....................... 3,959 3,949 3,961 0.3 -0.3 1.5 3,935 4,031 3,699 6.4 

 Communications equipment:

 Unfilled Orders......................... 21,161 21,234 21,386 -0.3 -0.7 0.1 20,744 20,874 19,578 6.0

 Total Inventories....................... 5,419 5,427 5,391 -0.1 0.7 0.0 5,540 5,428 5,365 3.3

 Electrical equipment, appliances, 

 and components: 

 Unfilled Orders......................... 40,172 39,915 39,674 0.6 0.6 1.0 39,703 39,382 36,074 10.1

 Total Inventories....................... 23,373 23,217 23,170 0.7 0.2 1.0 22,968 22,772 20,435 12.4

 Transportation equipment: 

 Unfilled Orders......................... 671,117 664,226 659,013 1.0 0.8 0.6 665,514 661,152 605,861 9.8

 Total Inventories....................... 156,799 157,069 157,400 -0.2 -0.2 -0.1 158,411 158,176 155,182 2.1

 Motor vehicles and parts:

 Unfilled Orders......................... 27,859 27,911 28,206 -0.2 -1.0 -0.8 26,626 27,424 26,393 0.9

 Total Inventories....................... 51,802 51,882 51,696 -0.2 0.4 0.4 52,180 52,257 49,387 5.7 

 Nondefense Aircraft and parts:

 Unfilled Orders......................... 454,367 447,527 441,918 1.5 1.3 0.4 451,470 444,890 395,298 14.2

 Total Inventories....................... 74,971 75,335 75,725 -0.5 -0.5 -0.4 76,040 75,946 77,259 -1.6

 Defense Aircraft and parts: 

 Unfilled Orders......................... 60,327 60,277 61,221 0.1 -1.5 1.8 59,246 59,935 56,924 4.1

 Total Inventories....................... 12,773 12,763 12,873 0.1 -0.9 -1.6 12,777 12,747 12,675 0.8

 All other durable goods: 

 Unfilled Orders......................... 11,277 11,486 11,628 -1.8 -1.2 -0.9 11,223 11,496 11,672 -3.8

 Total Inventories....................... 68,695 68,541 68,304 0.2 0.3 0.4 68,124 67,962 63,178 7.8

 Capital goods3

:

 Unfilled Orders......................... 839,344 832,435 826,626 0.8 0.7 0.6 833,739 828,703 768,614 8.5

 Total Inventories....................... 238,173 237,217 236,338 0.4 0.4 0.3 238,531 237,531 223,461 6.7

 Nondefense capital goods:

 Unfilled Orders......................... 652,403 645,296 638,762 1.1 1.0 0.5 648,128 641,216 580,302 11.7

 Total Inventories....................... 215,601 214,810 213,660 0.4 0.5 0.4 215,938 215,103 201,707 7.1

 Excluding aircraft: 

 Unfilled Orders.................... 267,840 267,536 266,779 0.1 0.3 0.5 265,752 265,631 253,232 4.9

 Total Inventories................... 151,292 150,133 148,613 0.8 1.0 0.7 150,527 149,762 134,978 11.5

 Defense capital goods:

 Unfilled Orders......................... 186,941 187,139 187,864 -0.1 -0.4 1.0 185,611 187,487 188,312 -1.4

 Total Inventories....................... 22,572 22,407 22,678 0.7 -1.2 -0.7 22,593 22,428 21,754 3.9

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

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

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

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

2

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

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

limitations, see http://www.census.gov/manufacturing/m3. 

3

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

laundry, and other machinery; photographic equipment; metalworking machinery; turbines and generators; other power transmission equipment; pumps and compressors; material handling equipment; all 

other machinery; electronic computers; computer storage devices; other computer peripheral equipment; communications equipment; search and navigation equipment; electromedical, measuring, and 

control instruments; electrical equipment; other electrical equipment, appliances, and components; heavy duty trucks; aircraft; railroad rolling stock; ships and boats; office and institutional furniture; and 

medical equipment and supplies. Defense Capital Goods include : small arms and ordnance, communications equipment, aircraft; missiles, space vehicles, and parts, ships and boats, and search and navigation 

equipment. 

4

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

percent changes for new orders and unfilled orders exclude semiconductor industry data. 

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, October Advance Report, November 23, 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>.