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FOR RELEASE AT 10:00 AM EDT, MONDAY, APRIL 4, 2022 

MONTHLY FULL REPORT ON MANUFACTURERS’ SHIPMENTS, INVENTORIES AND ORDERS 

FEBRUARY 2022 

Release Number: CB 22-55 M3-2 (22)-02 

April 4, 2022 — The U.S. Census Bureau announces the February full report on manufacturers’ shipments, 

inventories and orders:

MANUFACTURED GOODS – NEW ORDERS

FEBRUARY 2022 $542.0 billion -0.5%° 

JANUARY 2022 

(revised) $544.7 billion +1.5%° 

Next release: May 3, 2022 

Data adjusted for seasonal variation but not for price changes.

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

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

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

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories and Orders, April 4, 2022. 

Summary

New orders for manufactured goods in February, down following nine consecutive monthly increases, 

decreased $2.7 billion or 0.5 percent to $542.0 billion, the U.S. Census Bureau reported today. This 

followed a 1.5 percent January increase. Shipments, up twenty-one of the last twenty-two months, 

increased $3.1 billion or 0.6 percent to $541.0 billion. This followed a 1.4 percent January increase. 

Unfilled orders, up thirteen consecutive months, increased $5.4 billion or 0.4 percent to $1,288.5 billion. 

This followed a 0.9 percent January increase. The unfilled orders-to-shipments ratio was 6.74, up from 

6.72 in January. Inventories, up twenty of the last twenty-one months, increased $5.0 billion or 0.6 

percent to $785.2 billion. This followed a 0.8 percent January increase. The inventories-to-shipments ratio 

was 1.45, unchanged from January. 

New Orders

New orders for manufactured durable goods in February, down following four consecutive monthly 

increases, decreased $5.8 billion or 2.1 percent to $271.7 billion, up from the previously published 2.2 

percent decrease. This followed a 1.5 percent January increase. Transportation equipment, down 

following three consecutive monthly increases, led the decrease, $4.6 billion or 5.3 percent to $82.8

-1.0%

0.0%

1.0%

2.0%

3.0%

4.0%

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

MANUFACTURERS' NEW ORDERS 2021-2022

Seasonally Adjusted, Month-To-Month Percentage Change

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders, April 4, 2022.
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billion. New orders for manufactured nondurable goods increased $3.1 billion or 1.2 percent to $270.3

billion.

Shipments

Shipments of manufactured durable goods in February, up nine of the last ten months, increased less than 

$0.1 billion or virtually unchanged to $270.7 billion, up from the previously published virtually unchanged

decrease. This followed a 1.2 percent January increase. Computers and electronic products, up seven of 

the last eight months, drove the increase, $0.4 billion or 1.2 percent to $30.3 billion. Shipments of 

manufactured nondurable goods, up twenty-one of the last twenty-two months, increased $3.1 billion or 

1.2 percent to $270.3 billion. This followed a 1.5 percent January increase. Petroleum and coal products, 

up nine of the last ten months, led the increase, $2.4 billion or 4.1 percent to $61.5 billion.

Unfilled Orders

Unfilled orders for manufactured durable goods in February, up thirteen consecutive months, increased

$5.4 billion or 0.4 percent to $1,288.5 billion, unchanged from the previously published increase. This 

followed a 0.9 percent January increase. Transportation equipment, up twelve of the last thirteen months, 

led the increase, $5.0 billion or 0.6 percent to $853.4 billion.

Inventories

Inventories of manufactured durable goods in February, up thirteen consecutive months, increased $2.3 

billion or 0.5 percent to $479.1 billion, up from the previously published 0.4 percent increase. This 

followed a 0.5 percent January increase. Machinery, up sixteen consecutive months, led the increase, $0.8 

billion or 1.0 percent to $80.5 billion. Inventories of manufactured nondurable goods, up sixteen of the 

last seventeen months, increased $2.8 billion or 0.9 percent to $306.2 billion. This followed a 1.2 percent

January increase. Petroleum and coal products, up nine of the last ten months, led the increase, $1.7 

billion or 3.7 percent to $48.1 billion. By stage of fabrication, February materials and supplies increased 

1.0 percent in durable goods and 0.1 percent in nondurable goods. Work in process increased 0.3 percent 

in durable goods and 2.1 percent in nondurable goods. Finished goods increased 0.1 percent in durable 

goods and 1.0 percent in nondurable goods. 

The Advance Report on durable goods for March is scheduled for release on April 26, 2022, at 8:30 a.m. 

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

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

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

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

exclude data for semiconductor manufacturing. 

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

decrease. 

Description of the survey 

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

shipments for manufacturing establishments in the 2017 Economic Census. Statistics based on the M3 

panel differ from the results that would be obtained from a complete enumeration of all manufacturing 

companies. The M3 panel is not based on a probability sample; therefore, the sampling errors that are 

normally provided with sample surveys cannot be measured. Nonsampling errors are attributable to many 

sources. The use of company or divisional reports to estimate the monthly change for establishments is 

one source of nonsampling error. The use of primarily large companies to represent the month-to-month 

movement of all companies is another potential source. Any corrections will be published in the full 

report. Corrections received after the full report will be released in the next month’s advance report. Any 

revisions made later than two months will be reflected in the annual benchmark publication. Additional 
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survey documentation can be found on our web site: 

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

Special Notice - New Advance Estimates Of Total Manufacturing

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

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

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

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

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

Highlights”. 

Benchmark notice

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

issued on May 13, 2022. These revisions result from

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

Manufactures (ASM) data; 

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

Manufacturers’ Unfilled Orders (M3UFO) Survey;

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

orders data;

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

previously reported data;

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

review of the seasonal adjustment models. 

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

not seasonally adjusted for January 2017 through March 2022. An updated Press Release will contain

revised monthly tables for January 2022 through March 2022.
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RESOURCES

API

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

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

before. 

<www.census.gov/developers/>. 

FRED Mobile App

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

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

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

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

###
Table 1. Value of Manufacturers' Shipments for Industry Groups1

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

Seasonally Adjusted Not Seasonally Adjusted 

Monthly Percent Change Monthly

Industry % Change

Feb. Jan. Dec. Jan. - Dec. - Nov. - Feb. Jan. Dec. Feb. 2022/

2022p 2022r 2021 Feb. Jan. Dec. 2022p 2022r 2021 2021 2022p 2021 2021

 All manufacturing industries.................. 541,019 537,895 530,726 0.6 1.4 0.7 504,921 495,157 528,638 444,179 1,000,078 887,498 12.7

 Excluding transportation................... 463,177 459,699 452,891 0.8 1.5 0.6 428,728 425,891 448,303 375,496 854,619 752,290 13.6

 Excluding defense.............................. 526,225 523,055 516,496 0.6 1.3 0.8 490,722 482,849 512,787 431,347 973,571 863,276 12.8

 With unfilled orders............................ 191,178 190,981 187,020 0.1 2.1 0.7 180,546 172,234 190,282 156,697 352,780 308,589 14.3

 Durable goods industries......................... 270,713 270,668 267,347 0.0 1.2 1.3 255,438 242,813 269,405 226,827 498,251 448,337 11.1

 Wood products....................................... 12,285 11,998 11,808 2.4 1.6 1.2 11,178 10,131 10,469 9,669 21,309 18,788 13.4

 Nonmetallic mineral products.................... 12,569 12,691 12,402 -1.0 2.3 1.9 10,792 10,666 11,055 9,671 21,458 19,726 8.8

 Primary metals....................................... 24,792 24,708 24,849 0.3 -0.6 1.0 24,100 24,043 23,055 19,814 48,143 39,880 20.7

 Iron and steel mills............................ 12,326 12,353 12,313 -0.2 0.3 -1.1 12,017 12,212 11,350 9,953 24,229 20,121 20.4

 Aluminum and nonferrous metals.......... 11,122 10,935 11,104 1.7 -1.5 3.2 10,824 10,530 10,424 8,773 21,354 17,578 21.5

 Ferrous metal foundries....................... 1,344 1,420 1,432 -5.4 -0.8 2.7 1,259 1,301 1,281 1,088 2,560 2,181 17.4

 Fabricated metal products....................... 37,363 37,341 36,883 0.1 1.2 1.2 35,054 34,577 34,604 30,079 69,631 59,737 16.6

 Machinery............................................. 38,345 39,014 37,863 -1.7 3.0 2.0 36,420 34,297 39,298 31,896 70,717 61,807 14.4

 Farm machinery................................. 2,239 2,552 2,693 -12.3 -5.2 10.6 2,453 2,320 2,384 2,974 4,773 5,497 -13.2

 Construction machinery..................... 3,541 3,479 3,377 1.8 3.0 1.7 3,527 3,035 3,301 3,042 6,562 5,674 15.7

 Mining, oil field, and 

 gas field machinery.......................... 1,469 1,377 1,382 6.7 -0.4 -0.2 1,375 1,293 1,592 1,182 2,668 2,378 12.2

 Industrial machinery.......................... 6,021 6,489 5,872 -7.2 10.5 3.2 5,221 5,381 6,998 2,812 10,602 5,607 89.1

 Photographic equipment...................... 520 508 501 2.4 1.4 -7.1 470 424 566 460 894 903 -1.0

 Ventilation, heating, air-conditioning,

 and refrigeration equipment............ 4,727 4,695 4,443 0.7 5.7 1.7 3,969 3,704 4,217 3,387 7,673 6,660 15.2

 Metalworking machinery..................... 2,862 2,849 2,762 0.5 3.1 0.4 2,630 2,561 3,132 2,498 5,191 4,864 6.7

 Turbines, generators, and other

 power transmission equipment....... 3,852 3,982 3,962 -3.3 0.5 4.2 3,875 3,777 3,708 3,870 7,652 7,532 1.6

 Material handling equipment............... 3,557 3,394 3,163 4.8 7.3 2.9 3,500 3,061 3,418 2,558 6,561 5,043 30.1

 Computers and electronic products2.......... 30,338 29,986 29,425 1.2 1.9 1.2 27,304 26,998 33,223 25,522 54,302 51,299 5.9

 Computers........................................ 737 710 693 3.8 2.5 -2.1 565 623 799 566 1,188 1,199 -0.9

 Computer storage devices..................... 752 737 690 2.0 6.8 1.9 593 627 954 526 1,220 1,101 10.8

 Other peripheral equipment................ 560 526 546 6.5 -3.7 7.1 459 472 715 453 931 966 -3.6

 Nondefense communications

 equipment.................................... 3,574 3,541 3,279 0.9 8.0 -0.3 2,935 2,851 4,535 2,560 5,786 5,064 14.3

 Defense communications equipment.... 243 247 233 -1.6 6.0 1.3 239 196 231 222 435 401 8.5

 Audio and video equipment.................... 315 343 255 -8.2 34.5 -7.3 274 276 350 185 550 366 50.3

 Electronic components......................... 5,169 5,050 4,911 2.4 2.8 0.9 4,717 4,650 5,029 4,076 9,367 8,205 14.2

 Nondefense search and navigation

 equipment...................................... 1,534 1,549 1,534 -1.0 1.0 0.3 1,451 1,342 1,680 1,420 2,793 2,745 1.7

 Defense search and navigation

 equipment..................................... 3,082 3,046 3,022 1.2 0.8 -0.1 2,933 2,570 3,309 2,847 5,503 5,414 1.6

 Electromedical, measuring,

 and control instruments................. 9,787 9,708 9,737 0.8 -0.3 1.9 8,834 8,495 11,533 8,509 17,329 16,857 2.8

 Electrical equipment, appliances, 

 and components................................... 13,462 13,238 13,062 1.7 1.3 0.9 12,288 11,411 13,168 10,877 23,699 21,212 11.7

 Electric lighting equipment..................... 1,166 1,178 1,156 -1.0 1.9 0.4 1,060 1,060 1,150 1,047 2,120 2,049 3.5

 Household appliances........................ 2,783 2,702 2,752 3.0 -1.8 0.9 2,430 2,159 3,055 2,275 4,589 4,420 3.8

 Electrical equipment............................ 3,387 3,383 3,431 0.1 -1.4 2.0 3,152 2,892 3,403 2,976 6,044 5,664 6.7

 Batteries........................................... 1,028 980 929 4.9 5.5 3.5 903 802 979 740 1,705 1,500 13.7

 Transportation equipment........................ 77,842 78,196 77,835 -0.5 0.5 1.6 76,193 69,266 80,335 68,683 145,459 135,208 7.6

 Automobiles..................................... 5,477 5,385 6,078 1.7 -11.4 8.3 5,388 4,767 6,042 5,730 10,155 11,356 -10.6

 Light trucks and utility vehicles.............. 17,986 18,279 18,636 -1.6 -1.9 3.2 17,902 15,891 19,781 17,024 33,793 33,926 -0.4

 Heavy duty trucks ............................. 3,210 3,031 3,046 5.9 -0.5 3.8 3,013 2,675 2,801 2,412 5,688 4,912 15.8

 Motor vehicle bodies, parts, 

 and trailers.................................... 27,669 27,997 27,432 -1.2 2.1 -0.3 28,103 26,310 25,173 25,423 54,413 50,006 8.8

 Nondefense aircraft and parts................ 8,447 8,456 8,114 -0.1 4.2 1.7 7,184 7,032 10,478 5,313 14,216 10,944 29.9

 Defense aircraft and parts.................. 4,731 4,500 4,328 5.1 4.0 -7.7 4,327 3,519 4,850 4,081 7,846 7,921 -0.9

 Ships and boats................................. 3,098 3,198 3,209 -3.1 -0.3 3.3 3,147 2,598 3,247 2,874 5,745 5,239 9.7

 Furniture and related products.................. 6,294 6,152 5,985 2.3 2.8 -0.1 6,052 5,725 5,921 5,760 11,777 11,203 5.1

 Miscellaneous durable goods................. 17,423 17,344 17,235 0.5 0.6 0.4 16,057 15,699 18,277 14,856 31,756 29,477 7.7

 Nondurable goods industries..................... 270,306 267,227 263,379 1.2 1.5 0.1 249,483 252,344 259,233 217,352 501,827 439,161 14.3

 Food products....................................... 72,255 71,708 70,671 0.8 1.5 0.0 69,131 68,828 69,916 65,231 137,959 130,376 5.8

 Grain and oilseed milling....................... 8,208 8,188 7,937 0.2 3.2 1.4 7,950 8,049 7,823 7,251 15,999 14,444 10.8

 Dairy products.................................. 11,410 11,258 10,943 1.4 2.9 1.5 10,605 10,987 10,910 9,916 21,592 20,246 6.6

 Meat, poultry, and seafood products... 20,471 20,196 20,070 1.4 0.6 0.0 19,531 18,895 19,367 18,039 38,426 35,465 8.3

 Beverage and tobacco products................ 14,559 14,577 14,508 -0.1 0.5 3.2 13,257 13,343 14,223 11,623 26,600 23,238 14.5

 Beverages......................................... 10,245 10,239 9,983 0.1 2.6 -0.3 8,943 9,005 9,698 8,072 17,948 16,286 10.2

 Tobacco............................................ 4,314 4,338 4,525 -0.6 -4.1 11.9 4,314 4,338 4,525 3,551 8,652 6,952 24.5

 Textile mills........................................... 2,376 2,367 2,394 0.4 -1.1 2.1 2,301 2,176 2,107 2,129 4,477 4,208 6.4

 Textile products................................... 1,949 1,925 1,898 1.2 1.4 0.7 1,901 1,752 1,744 1,767 3,653 3,455 5.7

 Apparel................................................ 884 877 888 0.8 -1.2 0.8 822 816 915 789 1,638 1,577 3.9

 Leather and allied products...................... 430 417 439 3.1 -5.0 2.8 422 368 427 404 790 776 1.8

 Paper products...................................... 17,953 17,800 17,675 0.9 0.7 1.0 16,821 17,221 17,409 15,770 34,042 32,043 6.2

 Pulp, paper, and paperboard mills....... 6,838 6,786 6,712 0.8 1.1 1.3 6,333 6,685 6,646 5,927 13,018 12,225 6.5

 Paperboard containers........................ 6,163 6,075 6,061 1.4 0.2 1.1 5,714 5,834 5,785 5,419 11,548 11,113 3.9

 Printing................................................. 7,240 7,092 6,993 2.1 1.4 1.5 6,527 6,613 7,026 5,908 13,140 12,029 9.2

 Petroleum and coal products.................. 61,478 59,065 56,973 4.1 3.7 -1.5 53,446 55,660 55,104 36,607 109,106 76,222 43.1

 Petroleum refineries.......................... 56,973 54,485 52,434 4.6 3.9 -1.7 49,732 51,896 51,043 33,330 101,628 69,423 46.4

 Chemical products..................................... 68,388 68,647 68,374 -0.4 0.4 0.4 63,755 64,377 69,209 58,213 128,132 117,109 9.4

 Pesticides, fertilizers, and other

 agricultural chemicals....................... 3,111 3,243 3,158 -4.1 2.7 3.8 3,224 2,982 3,240 2,820 6,206 5,291 17.3

 Pharmaceuticals and medicines............. 22,416 22,272 22,001 0.6 1.2 0.2 20,270 20,628 23,017 18,262 40,898 36,932 10.7

 Paints, coatings, and adhesives.......... 4,082 4,153 4,173 -1.7 -0.5 0.1 3,694 3,610 3,611 3,417 7,304 6,789 7.6

 Plastics and rubber products.................. 22,794 22,752 22,566 0.2 0.8 0.4 21,100 21,190 21,153 18,911 42,290 38,128 10.9

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, February Full Report, April 4, 2022. Information on data sources and methodology can be found on our website at 

<www.census.gov/manufacturing/m3/how_the_data_are_collected/index.html>. 
Table 2. Value of Manufacturers' New Orders for Industry Groups1

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

Seasonally Adjusted Not Seasonally Adjusted 

Monthly Percent Change Monthly

Industry % Change

Feb. Jan. Dec. Jan. - Dec. - Nov. - Feb. Jan. Dec. Feb. 2022/

2022p 2022r 2021 Feb. Jan. Dec. 2022p 2022r 2021 2021 2022p 2021 2021

All manufacturing industries2........................ 541,993 544,717 536,660 -0.5 1.5 0.7 514,779 512,431 540,574 454,328 1,027,210 899,010 14.3

 Excluding transportation2...................... 459,183 457,271 451,902 0.4 1.2 0.5 428,670 428,284 447,341 379,476 856,954 759,224 12.9

 Excluding defense2

.............................. 528,092 531,944 524,628 -0.7 1.4 1.4 501,076 502,488 520,952 440,606 1,003,564 872,451 15.0

 With unfilled orders2............................. 196,596 202,191 197,337 -2.8 2.5 0.6 194,576 194,267 206,158 170,868 388,843 328,803 18.3

 Durable goods industries2......................... 271,687 277,490 273,281 -2.1 1.5 1.2 265,296 260,087 281,341 236,976 525,383 459,849 14.3

 Primary metals........................................ 24,939 25,161 25,225 -0.9 -0.3 3.3 24,856 25,339 23,737 21,151 50,195 42,161 19.1

 Iron and steel mills.............................. 12,377 12,504 12,167 -1.0 2.8 -0.3 12,384 12,593 11,286 10,462 24,977 20,954 19.2

 Aluminum and nonferrous metals.......... 11,089 11,175 11,349 -0.8 -1.5 5.9 11,053 11,164 10,795 9,463 22,217 18,617 19.3

 Ferrous metal foundries....................... 1,473 1,482 1,709 -0.6 -13.3 13.9 1,419 1,582 1,656 1,226 3,001 2,590 15.9

 Fabricated metal products........................ 37,493 37,470 37,482 0.1 0.0 1.3 36,108 35,897 34,768 32,753 72,005 65,057 10.7

 Machinery............................................. 38,726 39,889 38,717 -2.9 3.0 1.3 38,243 37,421 39,536 34,223 75,664 66,619 13.6

 Construction machinery........................ 3,566 3,385 3,308 5.3 2.3 -2.4 3,849 3,559 3,495 3,704 7,408 7,167 3.4

 Mining, oil field, and

 gas field machinery.......................... 1,341 1,419 1,508 -5.5 -5.9 12.0 1,247 1,335 1,718 1,308 2,582 2,423 6.6

 Industrial machinery............................ 6,312 6,585 5,970 -4.1 10.3 3.0 5,493 5,839 6,849 2,571 11,332 5,704 98.7

 Photographic equipment....................... 498 502 452 -0.8 11.1 -2.4 503 419 482 606 922 994 -7.2

 Ventilation, heating, air-conditioning,

 and refrigeration equipment............... 4,673 5,161 4,932 -9.5 4.6 4.8 4,183 4,520 4,633 3,806 8,703 7,259 19.9

 Metalworking machinery....................... 2,671 2,833 2,983 -5.7 -5.0 0.1 2,700 2,825 3,139 2,775 5,525 5,394 2.4

 Turbines, generators, and other 

 power transmission equipment........... 4,013 3,901 3,943 2.9 -1.1 -0.4 4,036 3,696 3,689 3,922 7,732 7,686 0.6

 Material handling equipment.................. 3,604 3,775 3,149 -4.5 19.9 -3.5 3,701 3,446 3,706 2,777 7,147 5,301 34.8

 Computers and electronic products2........... 25,601 25,896 25,788 -1.1 0.4 -2.7 23,032 22,858 31,060 21,908 45,890 43,338 5.9

 Computers........................................ 733 696 648 5.3 7.4 -3.9 561 609 754 568 1,170 1,190 -1.7

 Nondefense communications

 equipment...................................... 3,436 3,641 3,968 -5.6 -8.2 -7.3 2,930 3,026 5,432 2,667 5,956 5,285 12.7

 Defense communications equipment....... 237 240 231 -1.3 3.9 7.9 233 198 265 208 431 379 13.7

 Electronic components......................... 5,236 5,146 4,961 1.7 3.7 -0.3 4,785 4,946 5,275 4,101 9,731 8,410 15.7

 Nondefense search and navigation

 equipment...................................... 1,695 1,697 1,703 -0.1 -0.4 -0.7 1,593 1,533 1,625 1,512 3,126 3,005 4.0

 Defense search and navigation

 equipment...................................... 2,690 2,940 2,978 -8.5 -1.3 -12.6 2,575 2,321 3,936 2,987 4,896 5,339 -8.3

 Electromedical, measuring,

 and control instruments..................... 9,806 9,789 9,666 0.2 1.3 0.3 8,897 8,713 11,606 8,565 17,610 17,018 3.5

 Electrical equipment, appliances, 

 and components................................... 13,517 13,443 13,480 0.6 -0.3 0.3 12,831 12,023 13,528 11,853 24,854 23,044 7.9

 Electric lighting equipment..................... 1,184 1,161 1,186 2.0 -2.1 -1.7 1,094 1,055 1,152 1,100 2,149 2,124 1.2

 Household appliances.......................... 2,834 2,736 2,743 3.6 -0.3 1.1 2,380 2,104 3,059 2,263 4,484 4,487 -0.1

 Electrical equipment............................ 3,572 3,690 3,477 -3.2 6.1 0.4 3,598 3,439 3,399 3,267 7,037 6,241 12.8

 Transportation equipment........................ 82,810 87,446 84,758 -5.3 3.2 1.7 86,109 84,147 93,233 74,852 170,256 139,786 21.8

 Motor vehicle bodies, parts, 

 and trailers..................................... 27,909 28,087 27,350 -0.6 2.7 -0.6 28,948 26,801 25,965 26,402 55,749 51,825 7.6

 Nondefense aircraft and parts3................ 13,481 19,360 17,458 -30.4 10.9 23.9 16,213 23,376 19,564 9,612 39,589 11,490 244.6

 Defense aircraft and parts.................... 4,668 2,916 4,140 60.1 -29.6 -21.9 4,079 1,852 7,289 4,059 5,931 9,334 -36.5

 Ships and boats.................................. 2,325 1,824 1,300 27.5 40.3 -61.4 3,738 2,169 2,608 4,178 5,907 8,670 -31.9

 Furniture and related products................... 6,293 6,130 6,372 2.7 -3.8 4.1 6,059 5,884 5,664 6,030 11,943 11,842 0.9

 Nondurable goods industries..................... 270,306 267,227 263,379 1.2 1.5 0.1 249,483 252,344 259,233 217,352 501,827 439,161 14.3

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, February Full Report, April 4, 2022. Information on data sources and methodology can be found on our website at 

<www.census.gov/manufacturing/m3/how_the_data_are_collected/index.html>. 
Table 3. Value of Manufacturers' Unfilled Orders for Industry Groups1

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

Seasonally Adjusted Not Seasonally Adjusted

Monthly Percent Change Monthly % Change

Industry February

Feb. Jan. Dec. Jan. - Dec. - Nov. - Feb. Jan. Dec. Feb. 2022/

2022p 2022r 2021 Feb. Jan. Dec. 2022p 2022r 2021 2021 2021

All manufacturing industries2...................... 1,288,453 1,283,035 1,271,825 0.4 0.9 0.8 1,297,336 1,283,306 1,261,273 1,194,825 8.6

 Excluding transportation2...................... 435,035 434,585 432,625 0.1 0.5 0.8 436,978 432,864 425,712 386,361 13.1

 Excluding defense2

............................. 1,078,185 1,071,874 1,058,597 0.6 1.3 1.2 1,087,159 1,072,633 1,048,235 975,937 11.4

 Durable goods industries2........................ 1,288,453 1,283,035 1,271,825 0.4 0.9 0.8 1,297,336 1,283,306 1,261,273 1,194,825 8.6

 Primary metals........................................ 41,609 41,462 41,009 0.4 1.1 0.9 42,460 41,704 40,408 36,988 14.8

 Iron and steel mills............................... 18,636 18,585 18,434 0.3 0.8 -0.8 18,942 18,575 18,194 17,083 10.9

 Aluminum and nonferrous metals............. 15,199 15,232 14,992 -0.2 1.6 1.7 15,540 15,311 14,677 13,571 14.5

 Ferrous metal foundries........................ 7,774 7,645 7,583 1.7 0.8 3.8 7,978 7,818 7,537 6,334 26.0

 Fabricated metal products......................... 105,562 105,432 105,303 0.1 0.1 0.6 104,778 103,724 102,404 89,681 16.8

 Machinery.............................................. 117,173 116,792 115,917 0.3 0.8 0.7 118,941 117,118 113,994 102,248 16.3

 Construction machinery......................... 10,955 10,930 11,024 0.2 -0.9 -0.6 11,700 11,378 10,854 8,828 32.5

 Mining, oil field, and

 gas field machinery.......................... 4,643 4,771 4,729 -2.7 0.9 2.7 4,643 4,771 4,729 4,261 9.0

 Industrial machinery............................. 10,766 10,475 10,379 2.8 0.9 1.0 10,764 10,492 10,034 8,509 26.5

 Photographic equipment........................ 1,798 1,820 1,826 -1.2 -0.3 -2.6 1,858 1,825 1,830 2,025 -8.2

 Ventilation, heating, air-conditioning,

 and refrigeration equipment................ 10,483 10,537 10,071 -0.5 4.6 5.1 10,671 10,457 9,641 7,422 43.8

 Metalworking machinery........................ 10,707 10,898 10,914 -1.8 -0.1 2.1 11,001 10,931 10,667 9,912 11.0

 Turbines, generators, and other 

 power transmission equipment............ 22,645 22,484 22,565 0.7 -0.4 -0.1 22,645 22,484 22,565 21,316 6.2

 Material handling equipment................... 14,827 14,780 14,399 0.3 2.6 -0.1 15,044 14,843 14,458 13,005 15.7

 Computers and electronic products2

............. 124,651 124,944 124,646 -0.2 0.2 0.6 124,958 125,058 124,439 118,480 5.5

 Computers......................................... 1,348 1,352 1,366 -0.3 -1.0 -3.2 1,348 1,352 1,366 1,536 -12.2

 Nondefense communications

 equipment...................................... 21,736 21,874 21,774 -0.6 0.5 3.3 21,914 21,919 21,744 18,189 20.5

 Defense communications equipment........ 319 325 332 -1.8 -2.1 -0.6 343 349 347 492 -30.3

 Electronic components.......................... 14,625 14,558 14,462 0.5 0.7 0.3 14,836 14,768 14,472 13,315 11.4

 Nondefense search and navigation

 equipment....................................... 26,916 26,755 26,607 0.6 0.6 0.6 26,830 26,688 26,497 25,120 6.8

 Defense search and navigation

 equipment....................................... 32,960 33,352 33,458 -1.2 -0.3 -0.1 32,862 33,220 33,469 33,700 -2.5

 Electromedical, measuring,

 and control instruments...................... 26,747 26,728 26,647 0.1 0.3 -0.3 26,825 26,762 26,544 26,128 2.7

 Electrical equipment, appliances, 

 and components.................................... 33,149 33,094 32,889 0.2 0.6 1.3 33,455 32,912 32,300 28,436 17.7

 Electric lighting equipment..................... 2,104 2,086 2,103 0.9 -0.8 1.4 2,106 2,072 2,077 1,864 13.0

 Household appliances........................... 3,023 2,972 2,938 1.7 1.2 -0.3 2,914 2,964 3,019 2,564 13.7

 Electrical equipment............................. 13,011 12,826 12,519 1.4 2.5 0.4 13,272 12,826 12,279 12,655 4.9

 Transportation equipment......................... 853,418 848,450 839,200 0.6 1.1 0.8 860,358 850,442 835,561 808,464 6.4

 Motor vehicle bodies, parts, 

 and trailers...................................... 28,699 28,459 28,369 0.8 0.3 -0.3 29,966 29,121 28,630 26,666 12.4

 Nondefense aircraft and parts................ 631,112 626,078 615,174 0.8 1.8 1.5 636,740 627,711 611,367 579,306 9.9

 Defense aircraft and parts..................... 80,231 80,294 81,878 -0.1 -1.9 -0.2 80,106 80,354 82,021 85,394 -6.2

 Ships and boats.................................. 45,401 46,174 47,548 -1.7 -2.9 -3.9 46,206 45,615 46,044 51,152 -9.7

 Furniture and related products................... 12,271 12,272 12,294 0.0 -0.2 3.3 11,766 11,759 11,600 9,966 18.1

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, February Full Report, April 4, 2022. Information on data sources and methodology can be found on our website at 

<www.census.gov/manufacturing/m3/how_the_data_are_collected/index.html>.
Table 4. Value of Manufacturers' Inventories for Industry Groups1

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

Seasonally Adjusted Not Seasonally Adjusted

Monthly Percent Change Monthly % Change

Industry February

Feb. Jan. Dec. Jan. - Dec. - Nov. - Feb. Jan. Dec. Feb. 2022/

2022p 2022r 2021 Feb. Jan. Dec. 2022p 2022r 2021 2021 2021

 All manufacturing industries...................... 785,246 780,198 774,004 0.6 0.8 0.4 790,951 779,487 756,345 720,726 9.7

 Excluding transportation........................ 631,030 626,116 619,705 0.8 1.0 0.5 636,030 626,090 607,169 573,390 10.9

 Excluding defense............................. 760,142 754,990 748,875 0.7 0.8 0.4 765,822 754,373 731,407 696,264 10.0

 With unfilled orders............................. 386,100 384,144 382,420 0.5 0.5 0.8 387,593 382,766 373,150 353,603 9.6

 Durable goods industries........................ 479,078 476,790 474,225 0.5 0.5 0.8 482,395 475,873 462,231 437,994 10.1

 Wood products........................................ 14,258 14,158 14,083 0.7 0.5 0.5 14,821 14,534 14,130 13,569 9.2

 Nonmetallic mineral products..................... 15,558 15,426 15,335 0.9 0.6 0.9 15,782 15,466 15,060 14,403 9.6

 Primary metals......................................... 43,459 42,971 42,706 1.1 0.6 1.0 43,746 43,355 42,229 36,552 19.7

 Iron and steel mills............................... 24,654 24,695 24,437 -0.2 1.1 1.0 24,823 25,112 24,146 20,264 22.5

 Aluminum and nonferrous metals............ 16,304 15,782 15,752 3.3 0.2 1.0 16,347 15,736 15,620 13,956 17.1

 Ferrous metal foundries........................ 2,501 2,494 2,517 0.3 -0.9 1.9 2,576 2,507 2,463 2,332 10.5

 Fabricated metal products......................... 63,355 63,177 62,726 0.3 0.7 1.2 63,630 63,205 61,516 54,685 16.4

 Machinery.............................................. 80,530 79,696 78,691 1.0 1.3 1.4 81,382 78,796 76,732 71,116 14.4

 Farm machinery.................................. 5,383 5,336 5,111 0.9 4.4 5.4 5,871 5,526 5,203 4,234 38.7

 Construction machinery......................... 7,204 7,128 6,999 1.1 1.8 1.4 7,274 7,045 6,779 5,985 21.5

 Mining, oil field, 

 and gas field machinery.................... 6,268 6,186 6,139 1.3 0.8 0.6 6,336 6,106 5,942 6,073 4.3

 Industrial machinery............................. 9,931 9,780 9,721 1.5 0.6 2.2 9,938 9,322 9,780 8,832 12.5

 Photographic equipment....................... 1,366 1,346 1,330 1.5 1.2 0.2 1,396 1,351 1,279 1,314 6.2

 Ventilation, heating, air-conditioning,

 and refrigeration equipment............... 6,230 6,279 6,182 -0.8 1.6 3.3 6,472 6,234 5,744 5,660 14.3

 Metalworking machinery........................ 6,253 6,122 6,180 2.1 -0.9 1.2 6,195 5,993 6,080 5,590 10.8

 Turbines, generators, and other

 power transmission equipment............ 10,374 10,279 10,147 0.9 1.3 -1.0 10,416 10,160 9,671 9,123 14.2

 Material handling equipment.................. 6,590 6,465 6,380 1.9 1.3 2.5 6,425 6,252 6,003 5,193 23.7

 Computers and electronic products2

............ 48,111 48,201 48,147 -0.2 0.1 0.8 48,188 48,047 46,819 46,581 3.4

 Computers......................................... 2,127 2,113 2,136 0.7 -1.1 0.6 2,049 1,993 2,037 1,863 10.0

 Computer storage devices.................... 821 835 832 -1.7 0.4 -1.5 842 836 824 854 -1.4

 Other peripheral equipment................... 834 839 863 -0.6 -2.8 1.9 853 828 842 851 0.2

 Nondefense communications

 equipment...................................... 4,476 4,475 4,483 0.0 -0.2 0.4 4,500 4,381 4,183 4,454 1.0

 Defense communications equipment........ 677 664 656 2.0 1.2 0.3 677 664 656 656 3.2

 Audio and video equipment.................... 772 795 818 -2.9 -2.8 3.8 771 800 804 682 13.0

 Electronic components.......................... 8,134 8,259 8,178 -1.5 1.0 1.1 8,248 8,491 7,968 8,398 -1.8

 Nondefense search and navigation

 equipment...................................... 3,408 3,394 3,375 0.4 0.6 0.2 3,394 3,404 3,291 3,224 5.3

 Defense search and navigation

 equipment....................................... 2,985 3,001 3,040 -0.5 -1.3 -0.1 3,028 3,000 2,936 3,054 -0.9

 Electromedical, measuring 

 and control instruments...................... 17,161 17,088 17,024 0.4 0.4 0.6 17,015 16,842 16,565 16,086 5.8

 Electrical equipment, appliances, 

 and components.................................... 22,884 22,632 22,234 1.1 1.8 2.7 23,211 22,612 21,279 20,201 14.9

 Electric lighting equipment..................... 2,494 2,496 2,490 -0.1 0.2 0.7 2,502 2,526 2,405 2,340 6.9

 Household appliances........................... 3,432 3,408 3,336 0.7 2.2 2.0 3,557 3,414 3,055 2,829 25.7

 Electrical equipment............................. 6,909 6,797 6,689 1.6 1.6 3.1 7,075 6,814 6,454 6,293 12.4

 Batteries............................................ 1,798 1,792 1,775 0.3 1.0 1.1 1,743 1,669 1,601 1,702 2.4

 Transportation equipment......................... 154,216 154,082 154,299 0.1 -0.1 0.2 154,921 153,397 149,176 147,336 5.1

 Automobiles....................................... 7,445 7,677 7,630 -3.0 0.6 0.6 7,521 7,684 7,079 5,889 27.7

 Light trucks and utility vehicles.............. 8,131 7,935 7,845 2.5 1.1 0.6 8,320 7,787 6,699 6,311 31.8

 Heavy duty trucks ............................... 2,916 2,890 2,817 0.9 2.6 0.5 3,024 2,891 2,587 2,393 26.4

 Motor vehicle bodies, parts, 

 and trailers...................................... 32,196 31,995 31,864 0.6 0.4 1.4 32,463 32,260 31,275 28,843 12.6

 Nondefense aircraft and parts................ 75,317 75,256 75,933 0.1 -0.9 -0.4 75,362 74,575 73,691 76,658 -1.7

 Defense aircraft and parts..................... 12,573 12,728 12,526 -1.2 1.6 -0.8 12,604 12,671 12,447 12,409 1.6

 Ships and boats.................................. 3,994 3,979 3,962 0.4 0.4 3.1 3,966 3,964 3,931 3,326 19.2

 Furniture and related products.................... 8,961 8,821 8,617 1.6 2.4 2.2 8,987 8,894 8,437 7,456 20.5

 Miscellaneous durable goods..................... 27,746 27,626 27,387 0.4 0.9 0.0 27,727 27,567 26,853 26,095 6.3

 Nondurable goods industries...................... 306,168 303,408 299,779 0.9 1.2 -0.2 308,556 303,614 294,114 282,732 9.1

 Food products........................................ 64,523 64,040 63,573 0.8 0.7 0.9 64,637 64,083 63,568 61,934 4.4

 Grain and oilseed milling........................ 7,081 6,870 6,806 3.1 0.9 0.1 7,328 7,166 6,969 6,558 11.7

 Dairy products.................................... 9,569 9,461 9,258 1.1 2.2 2.3 9,544 9,279 8,853 8,931 6.9

 Meat, poultry, and seafood products....... 9,779 9,671 9,636 1.1 0.4 0.0 9,926 9,551 9,417 9,854 0.7

 Beverage and tobacco products................ 27,454 27,326 27,123 0.5 0.7 1.1 27,928 27,713 27,152 26,291 6.2

 Beverages......................................... 23,694 23,606 23,445 0.4 0.7 1.3 23,977 23,780 23,316 22,461 6.7

 Tobacco............................................ 3,760 3,720 3,678 1.1 1.1 -0.1 3,951 3,933 3,836 3,830 3.2

 Textile mills............................................ 3,452 3,415 3,351 1.1 1.9 2.0 3,477 3,446 3,333 3,015 15.3

 Textile products...................................... 4,274 4,248 4,201 0.6 1.1 1.2 4,328 4,311 4,184 3,855 12.3

 Apparel................................................. 1,962 1,922 1,913 2.1 0.5 2.0 1,929 1,890 1,780 1,744 10.6

 Leather and allied products....................... 975 942 893 3.5 5.5 2.8 971 951 876 884 9.8

 Paper products....................................... 16,501 16,314 16,111 1.1 1.3 0.4 16,544 16,447 15,965 15,323 8.0

 Pulp, paper, and paperboard mills........... 4,976 4,962 4,949 0.3 0.3 -0.1 5,031 4,982 4,935 4,917 2.3

 Paperboard containers......................... 5,924 5,823 5,723 1.7 1.7 0.0 5,915 5,921 5,721 5,450 8.5

 Printing.................................................. 6,186 6,151 6,094 0.6 0.9 0.7 6,152 6,084 5,956 5,804 6.0

 Petroleum and coal products..................... 48,068 46,361 43,446 3.7 6.7 -5.7 48,213 45,270 40,885 37,070 30.1

 Petroleum refineries............................. 41,754 40,197 37,474 3.9 7.3 -6.7 41,805 39,069 35,013 31,981 30.7

 Chemical products..................................... 102,672 102,483 102,914 0.2 -0.4 0.5 103,649 102,815 100,790 99,162 4.5

 Pesticides, fertilizers, and other

 agricultural chemicals........................ 5,449 5,416 5,312 0.6 2.0 1.1 5,910 5,795 5,360 5,406 9.3

 Pharmaceuticals and medicines.............. 44,219 44,527 45,181 -0.7 -1.4 0.3 43,929 44,483 43,880 45,774 -4.0

 Paints, coatings, and adhesives.............. 4,862 4,814 4,723 1.0 1.9 2.6 5,040 4,879 4,576 4,164 21.0

 Plastics and rubber products..................... 30,101 30,206 30,160 -0.3 0.2 0.8 30,728 30,604 29,625 27,650 11.1

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

 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, February Full Report, April 4, 2022. Information on data sources and methodology can be found on our website at 

<www.census.gov/manufacturing/m3/how_the_data_are_collected/index.html>. 
Table 5. Value of Manufacturers' Shipments, New Orders, Unfilled Orders, and Total Inventories for 

 Topical Series1, 2

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

Seasonally Adjusted Not Seasonally Adjusted

Monthly Percent Change Monthly Year to date

Industry % Change6

Feb. Jan. Dec. Jan. - Dec. - Nov. - Feb. Jan. Dec. Feb. 2022/

2022p 2022r 2021 Feb. Jan. Dec. 2022p 2022r 2021 2021 2022p 2021 2021

SHIPMENTS

 All manufacturing industries......................... 541,019 537,895 530,726 0.6 1.4 0.7 504,921 495,157 528,638 444,179 1,000,078 887,498 12.7

 Construction materials and supplies....... 61,595 61,585 60,408 0.0 1.9 1.3 55,117 53,493 54,583 47,561 108,610 94,885 14.5

 Information technology......................... 26,343 26,051 25,426 1.1 2.5 0.6 23,628 22,511 29,401 21,723 46,139 42,874 7.6

 Computers and related products........... 2,049 1,973 1,929 3.9 2.3 1.8 1,617 1,722 2,468 1,545 3,339 3,266 2.2

 Motor vehicle and parts......................... 54,342 54,692 55,192 -0.6 -0.9 2.0 54,406 49,643 53,797 50,589 104,049 100,200 3.8

 Capital goods...................................... 97,193 97,255 94,697 -0.1 2.7 1.1 90,119 84,745 104,362 79,641 174,864 155,771 12.3

 Nondefense capital goods3.................. 84,364 84,287 82,345 0.1 2.4 1.6 77,720 73,959 90,678 68,515 151,679 134,868 12.5

 Excluding aircraft............................. 79,601 79,330 77,632 0.3 2.2 1.7 74,115 70,348 83,833 65,860 144,463 129,142 11.9

 Defense capital goods4........................ 12,829 12,968 12,352 -1.1 5.0 -1.7 12,399 10,786 13,684 11,126 23,185 20,903 10.9

 Consumer goods.................................. 221,571 218,575 216,116 1.4 1.1 0.3 205,967 204,748 216,001 179,575 410,715 361,383 13.7

 Consumer durable goods..................... 37,875 38,192 39,242 -0.8 -2.7 2.5 37,055 33,406 40,602 35,970 70,461 70,917 -0.6

 Consumer nondurable goods................ 183,696 180,383 176,874 1.8 2.0 -0.1 168,912 171,342 175,399 143,605 340,254 290,466 17.1

 All manufacturing industries5...................... 541,993 544,717 536,660 -0.5 1.5 0.7 514,779 512,431 540,574 454,328 1,027,210 899,010 14.3

 Construction materials and supplies....... 61,627 62,085 61,503 -0.7 0.9 1.7 55,832 54,983 55,421 50,137 110,815 99,511 11.4

 Information technology......................... 25,762 26,128 26,424 -1.4 -1.1 -2.7 23,606 22,954 31,206 22,896 46,560 44,614 4.4

 Computers and related products........... 2,045 1,959 1,884 4.4 4.0 1.2 1,613 1,708 2,423 1,547 3,321 3,257 2.0

 Motor vehicle and parts......................... 54,582 54,782 55,110 -0.4 -0.6 1.8 55,251 50,134 54,589 51,568 105,385 102,019 3.3

 Capital goods...................................... 102,125 107,047 102,090 -4.6 4.9 -1.0 101,423 102,913 114,317 88,194 204,336 165,866 23.2

 Nondefense capital goods3.................. 89,948 96,367 93,085 -6.7 3.5 4.0 89,441 94,160 98,943 76,208 183,601 142,169 29.1

 Excluding aircraft............................. 80,108 80,294 79,314 -0.2 1.2 0.4 76,729 74,237 84,752 69,288 150,966 136,312 10.8

 Defense capital goods4........................ 12,177 10,680 9,005 14.0 18.6 -34.0 11,982 8,753 15,374 11,986 20,735 23,697 -12.5

 Consumer goods.................................. 221,659 218,607 216,259 1.4 1.1 0.5 205,972 204,795 215,797 179,778 410,767 361,935 13.5

 Consumer durable goods..................... 37,963 38,224 39,385 -0.7 -2.9 3.1 37,060 33,453 40,398 36,173 70,513 71,469 -1.3

 Consumer nondurable goods.............. 183,696 180,383 176,874 1.8 2.0 -0.1 168,912 171,342 175,399 143,605 340,254 290,466 17.1

 All manufacturing industries5...................... 1,288,453 1,283,035 1,271,825 0.4 0.9 0.8 1,297,336 1,283,306 1,261,273 1,194,825 (X) (X) 8.6

 Construction materials and supplies....... 79,953 79,921 79,421 0.0 0.6 1.4 79,160 78,445 76,955 62,423 (X) (X) 26.8

 Information technology......................... 126,835 127,416 127,339 -0.5 0.1 0.8 127,143 127,165 126,722 118,543 (X) (X) 7.3

 Computers and related products........... 1,348 1,352 1,366 -0.3 -1.0 -3.2 1,348 1,352 1,366 1,536 (X) (X) -12.2

 Motor vehicle and parts......................... 28,699 28,459 28,369 0.8 0.3 -0.3 29,966 29,121 28,630 26,666 (X) (X) 12.4

 Capital goods...................................... 983,527 978,595 968,803 0.5 1.0 0.8 990,051 978,747 960,579 916,548 (X) (X) 8.0

 Nondefense capital goods3.................. 798,621 793,037 780,957 0.7 1.5 1.4 805,288 793,567 773,366 724,026 (X) (X) 11.2

 Excluding aircraft............................. 244,438 243,931 242,967 0.2 0.4 0.7 246,270 243,656 239,767 221,080 (X) (X) 11.4

 Defense capital goods4........................ 184,906 185,558 187,846 -0.4 -1.2 -1.8 184,763 185,180 187,213 192,522 (X) (X) -4.0

 Consumer goods.................................. 7,876 7,788 7,756 1.1 0.4 1.9 7,650 7,645 7,598 6,765 (X) (X) 13.1

 Consumer durable goods..................... 7,876 7,788 7,756 1.1 0.4 1.9 7,650 7,645 7,598 6,765 (X) (X) 13.1 

 All manufacturing industries....................... 785,246 780,198 774,004 0.6 0.8 0.4 790,951 779,487 756,345 720,726 (X) (X) 9.7

 Construction materials and supplies....... 86,092 85,760 85,347 0.4 0.5 1.2 87,451 86,295 83,694 75,962 (X) (X) 15.1

 Information technology......................... 43,038 42,847 42,655 0.4 0.5 1.1 43,031 42,452 41,338 40,238 (X) (X) 6.9

 Computers and related products........... 3,782 3,787 3,831 -0.1 -1.1 0.4 3,744 3,657 3,703 3,568 (X) (X) 4.9

 Motor vehicle and parts......................... 50,688 50,497 50,156 0.4 0.7 1.1 51,328 50,622 47,640 43,436 (X) (X) 18.2

 Capital goods...................................... 231,393 230,049 229,128 0.6 0.4 0.7 232,001 227,795 223,021 216,927 (X) (X) 6.9

 Nondefense capital goods3.................. 210,063 208,596 207,744 0.7 0.4 0.7 210,677 206,379 201,749 196,188 (X) (X) 7.4

 Excluding aircraft............................. 144,795 143,483 141,963 0.9 1.1 1.2 145,468 141,958 138,153 130,498 (X) (X) 11.5

 Defense capital goods4........................ 21,330 21,453 21,384 -0.6 0.3 0.2 21,324 21,416 21,272 20,739 (X) (X) 2.8

 Consumer goods.................................. 239,793 237,460 233,831 1.0 1.6 -0.5 240,770 236,933 227,480 219,030 (X) (X) 9.9

 Consumer durable goods..................... 40,720 40,524 39,988 0.5 1.3 0.8 41,294 40,634 37,637 34,321 (X) (X) 20.3

 Consumer nondurable goods................ 199,073 196,936 193,843 1.1 1.6 -0.8 199,476 196,299 189,843 184,709 (X) (X) 8.0

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, February Full Report, April 4, 2022. Information on data sources and methodology can be found on our website at 

<www.census.gov/manufacturing/m3/how_the_data_are_collected/index.html>. 
Table 6. Value of Manufacturers' Inventories, by Stage of Fabrication, by Industry Group1 

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

Seasonally Adjusted Not Seasonally Adjusted

Monthly Percent Change Monthly % Change

Industry February

Feb. Jan. Dec. Jan. - Dec. - Nov. - Feb. Jan. Dec. Feb. 2022/

2022p 2022r 2021 Feb. Jan. Dec. 2022p 2022r 2021 2021 2021

MATERIALS AND SUPPLIES

 All manufacturing industries....................... 282,685 280,863 279,374 0.6 0.5 0.3 283,882 281,125 276,566 248,833 14.1

 Durable goods industries.......................... 177,838 176,132 175,358 1.0 0.4 1.1 177,935 176,058 173,574 152,242 16.9

 Wood products................................... 6,305 6,193 6,060 1.8 2.2 -0.3 6,539 6,391 6,266 5,901 10.8

 Nonmetallic mineral products................. 6,659 6,539 6,414 1.8 1.9 0.7 6,670 6,521 6,370 5,880 13.4

 Primary metals.................................... 16,318 15,718 15,832 3.8 -0.7 -0.6 16,302 15,752 16,082 13,356 22.1

 Fabricated metal products.......................... 26,785 26,632 26,164 0.6 1.8 1.9 26,682 26,727 25,994 21,024 26.9

 Machinery.......................................... 33,114 32,850 32,503 0.8 1.1 -0.9 33,015 32,506 31,914 27,854 18.5

 Computers and electronic products........ 23,657 23,337 23,136 1.4 0.9 2.1 23,499 23,203 22,765 21,100 11.4

 Electrical equipment, appliances,

 and components............................... 10,703 10,570 10,281 1.3 2.8 3.2 10,780 10,567 9,934 8,995 19.8

 Transportation equipment..................... 40,803 40,969 41,733 -0.4 -1.8 2.0 41,040 41,008 41,104 36,157 13.5

 Furniture and related products............... 4,522 4,398 4,234 2.8 3.9 1.8 4,547 4,481 4,182 3,703 22.8

 Miscellaneous products......................... 8,972 8,926 9,001 0.5 -0.8 0.6 8,861 8,902 8,963 8,272 7.1

 Nondurable goods industries...................... 104,847 104,731 104,016 0.1 0.7 -1.1 105,947 105,067 102,992 96,591 9.7

 Food products.................................... 23,268 23,234 23,169 0.1 0.3 0.1 23,421 23,351 23,398 22,546 3.9

 Beverage and tobacco products........................ 5,589 5,599 5,573 -0.2 0.5 -0.3 5,759 5,819 5,686 5,421 6.2

 Textiles.............................................. 1,347 1,339 1,340 0.6 -0.1 2.0 1,347 1,336 1,338 1,171 15.0

 Textile products................................... 1,522 1,507 1,464 1.0 2.9 1.0 1,533 1,519 1,470 1,375 11.5

 Apparel............................................. 666 653 639 2.0 2.2 0.8 658 649 615 574 14.6

 Leather and allied products.................... 343 332 327 3.3 1.5 1.6 340 332 323 291 16.8

 Paper products.................................... 8,563 8,459 8,289 1.2 2.1 -0.2 8,609 8,536 8,285 7,738 11.3

 Printing ............................................. 3,227 3,191 3,166 1.1 0.8 2.1 3,183 3,151 3,117 2,797 13.8

 Petroleum and coal products................. 13,066 13,411 13,548 -2.6 -1.0 -10.6 13,323 13,016 12,605 12,265 8.6

 Chemical products................................ 33,866 33,540 33,193 1.0 1.0 0.8 34,247 33,682 32,877 30,926 10.7

 Plastics and rubber products.................. 13,390 13,466 13,308 -0.6 1.2 0.7 13,527 13,676 13,278 11,487 17.8

WORK IN PROCESS

 All manufacturing industries....................... 225,860 224,224 223,142 0.7 0.5 0.6 227,052 222,914 216,893 213,923 6.1

 Durable goods industries.......................... 170,891 170,404 170,418 0.3 0.0 0.9 171,610 169,094 164,783 163,138 5.2

 Wood products................................... 2,452 2,484 2,518 -1.3 -1.4 5.4 2,529 2,544 2,490 2,281 10.9

 Nonmetallic mineral products................. 1,506 1,508 1,520 -0.1 -0.8 -1.3 1,546 1,516 1,459 1,516 2.0

 Primary metals.................................... 12,460 12,408 12,199 0.4 1.7 1.8 12,380 12,213 11,612 10,312 20.1

 Fabricated metal products.......................... 14,765 14,743 14,535 0.1 1.4 0.5 14,836 14,682 14,096 13,631 8.8

 Machinery.......................................... 24,753 24,220 23,666 2.2 2.3 6.1 25,057 23,781 22,581 20,082 24.8

 Computers and electronic products........ 12,684 12,993 13,131 -2.4 -1.1 0.0 12,840 13,069 12,634 13,479 -4.7

 Electrical equipment, appliances,

 and components............................... 4,196 4,182 4,208 0.3 -0.6 1.9 4,236 4,137 4,024 3,941 7.5

 Transportation equipment..................... 92,327 92,145 92,969 0.2 -0.9 -0.3 92,429 91,470 90,405 92,686 -0.3

 Furniture and related products............... 1,340 1,346 1,334 -0.4 0.9 -3.3 1,338 1,336 1,321 1,183 13.1

 Miscellaneous products......................... 4,408 4,375 4,338 0.8 0.9 0.6 4,419 4,346 4,161 4,027 9.7

 Nondurable goods industries...................... 54,969 53,820 52,724 2.1 2.1 -0.6 55,442 53,820 52,110 50,785 9.2

 Food products.................................... 7,727 7,668 7,501 0.8 2.2 2.8 7,874 8,019 7,945 7,699 2.3

 Beverage and tobacco products........................ 9,323 9,276 9,291 0.5 -0.2 0.6 9,490 9,474 9,558 9,245 2.7

 Textiles.............................................. 618 615 604 0.5 1.8 1.0 621 618 586 559 11.1

 Textile products................................... 437 438 428 -0.2 2.3 3.1 449 446 415 400 12.3

 Apparel............................................. 234 238 243 -1.7 -2.1 0.8 231 233 221 239 -3.3

 Leather and allied products.................... 90 89 91 1.1 -2.2 1.1 89 91 89 88 1.1

 Paper products.................................... 1,540 1,529 1,525 0.7 0.3 1.7 1,526 1,523 1,490 1,408 8.4

 Printing ............................................. 1,198 1,200 1,203 -0.2 -0.2 -0.9 1,214 1,184 1,164 1,141 6.4

 Petroleum and coal products................. 14,446 13,625 12,357 6.0 10.3 -2.6 14,760 13,238 11,293 10,227 44.3

 Chemical products................................ 15,739 15,520 15,870 1.4 -2.2 -1.7 15,525 15,350 15,835 16,208 -4.2

 Plastics and rubber products.................. 3,617 3,622 3,611 -0.1 0.3 -0.2 3,663 3,644 3,514 3,571 2.6

FINISHED GOODS

 All manufacturing industries....................... 276,701 275,111 271,488 0.6 1.3 0.4 280,017 275,448 262,886 257,970 8.5

 Durable goods industries.......................... 130,349 130,254 128,449 0.1 1.4 0.3 132,850 130,721 123,874 122,614 8.3

 Wood products................................... 5,501 5,481 5,505 0.4 -0.4 -0.6 5,753 5,599 5,374 5,387 6.8

 Nonmetallic mineral products................. 7,393 7,379 7,401 0.2 -0.3 1.4 7,566 7,429 7,231 7,007 8.0

 Primary metals.................................... 14,681 14,845 14,675 -1.1 1.2 2.2 15,064 15,390 14,535 12,884 16.9

 Fabricated metal products.......................... 21,805 21,802 22,027 0.0 -1.0 0.8 22,112 21,796 21,426 20,030 10.4

 Machinery.......................................... 22,663 22,626 22,522 0.2 0.5 0.0 23,310 22,509 22,237 23,180 0.6

 Computers and electronic products........ 11,770 11,871 11,880 -0.9 -0.1 -0.9 11,849 11,775 11,420 12,002 -1.3

 Electrical equipment, appliances,

 and components............................... 7,985 7,880 7,745 1.3 1.7 2.4 8,195 7,908 7,321 7,265 12.8

 Transportation equipment..................... 21,086 20,968 19,597 0.6 7.0 -1.5 21,452 20,919 17,667 18,493 16.0

 Furniture and related products............... 3,099 3,077 3,049 0.7 0.9 5.5 3,102 3,077 2,934 2,570 20.7

 Miscellaneous products......................... 14,366 14,325 14,048 0.3 2.0 -0.5 14,447 14,319 13,729 13,796 4.7

 Nondurable goods industries...................... 146,352 144,857 143,039 1.0 1.3 0.5 147,167 144,727 139,012 135,356 8.7

 Food products.................................... 33,528 33,138 32,903 1.2 0.7 1.1 33,342 32,713 32,225 31,689 5.2

 Beverage and tobacco products........................ 12,542 12,451 12,259 0.7 1.6 2.1 12,679 12,420 11,908 11,625 9.1

 Textiles.............................................. 1,487 1,461 1,407 1.8 3.8 2.4 1,509 1,492 1,409 1,285 17.4

 Textile products................................... 2,315 2,303 2,309 0.5 -0.3 0.9 2,346 2,346 2,299 2,080 12.8

 Apparel............................................. 1,062 1,031 1,031 3.0 0.0 3.1 1,040 1,008 944 931 11.7

 Leather and allied products.................... 542 521 475 4.0 9.7 3.9 542 528 464 505 7.3

 Paper products.................................... 6,398 6,326 6,297 1.1 0.5 0.7 6,409 6,388 6,190 6,177 3.8

 Printing ............................................. 1,761 1,760 1,725 0.1 2.0 -0.7 1,755 1,749 1,675 1,866 -5.9

 Petroleum and coal products................. 20,556 19,325 17,541 6.4 10.2 -3.6 20,130 19,016 16,987 14,578 38.1

 Chemical products................................ 53,067 53,423 53,851 -0.7 -0.8 0.9 53,877 53,783 52,078 52,028 3.6

 Plastics and rubber products.................. 13,094 13,118 13,241 -0.2 -0.9 1.2 13,538 13,284 12,833 12,592 7.5

p

 Preliminary 

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

1

 Estimates of shipments and new orders are for the duration of the period, while estimates of unfilled orders and total inventories are for the end of the period. Not seasonally adjusted estimates of shipments and new orders include adjusted data for noncalendar reporters. Seasonally adjusted estimates include concurrent adjustments for holiday and trading-day differences, where appropriate, as well as seasonal variation, based on the results of the latest annual review of the model parameters. Estimates 

are not adjusted for price changes. 

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

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

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, February Full Report, April 4, 2022. Information on data sources and methodology can be found on our website at 

<www.census.gov/manufacturing/m3/how_the_data_are_collected/index.html>.
Table 7. Ratios of Manufacturers' Inventories to Shipments and Unfilled Orders 

 to Shipments, by Industry Group 1

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

Inventory/Shipments ratio Unfilled Orders/Shipments ratio2

Industry Feb Jan Dec Nov Feb Jan Dec Nov

2022p 2022r 2021 2021 2022p 2022r 2021 2021

All manufacturing industries3

.................................... 1.45 1.45 1.46 1.46 (X) (X) (X) (X)

Durable goods industries3

........................................ 1.77 1.76 1.77 1.78 6.74 6.72 6.80 6.79

 Wood products........................................................... 1.16 1.18 1.19 1.20 (X) (X) (X) (X)

 Nonmetallic mineral products............................. 1.24 1.22 1.24 1.25 (X) (X) (X) (X)

 Primary metals............................................................ 1.75 1.74 1.72 1.72 1.68 1.68 1.65 1.65

 Fabricated metal products...................................... 1.70 1.69 1.70 1.70 2.90 2.90 2.93 2.95

 Machinery..................................................................... 2.10 2.04 2.08 2.09 3.30 3.27 3.39 3.41

 Computers and electronic products3

................... 1.59 1.61 1.64 1.64 5.17 5.24 5.32 5.34

 Electrical equipment, appliances,

 and components.................................................... 1.70 1.71 1.70 1.67 2.67 2.70 2.71 2.70

 Transportation equipment..................................... 1.98 1.97 1.98 2.01 16.68 16.47 16.76 16.64

 Furniture and related products............................ 1.42 1.43 1.44 1.41 2.18 2.24 2.30 2.23

 Miscellaneous products.......................................... 1.59 1.59 1.59 1.60 (X) (X) (X) (X)

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

 Food products............................................................. 0.89 0.89 0.90 0.89 (X) (X) (X) (X)

 Beverage and tobacco products........................... 1.89 1.87 1.87 1.91 (X) (X) (X) (X)

 Textiles.......................................................................... 1.45 1.44 1.40 1.40 (X) (X) (X) (X)

 Textile products......................................................... 2.19 2.21 2.21 2.20 (X) (X) (X) (X)

 Apparel........................................................................ 2.22 2.19 2.15 2.13 (X) (X) (X) (X)

 Leather and allied products................................ 2.27 2.26 2.03 2.04 (X) (X) (X) (X)

 Paper products.......................................................... 0.92 0.92 0.91 0.92 (X) (X) (X) (X)

 Printing........................................................................ 0.85 0.87 0.87 0.88 (X) (X) (X) (X)

 Petroleum and coal products............................... 0.78 0.78 0.76 0.80 (X) (X) (X) (X)

 Chemical products................................................... 1.50 1.49 1.51 1.50 (X) (X) (X) (X)

 Plastics and rubber products................................ 1.32 1.33 1.34 1.33 (X) (X) (X) (X)

Feb3 Feb3 Feb3 Feb3

Industry 2021- 2021- 2021- 2021-

Feb2 Jan Feb2 Jan Feb2 Jan Feb2 Jan

2022 2022 2022 2022 2022 2022 2022 2022

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

Durable goods industries....................... 0.0 0.2 0.1 0.7 0.0 0.1 0.1 0.1

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

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

 Primary metals............................................. -0.1 0.5 0.0 1.0 0.1 0.3 0.0 0.2

 Fabricated metal products.................... 0.2 0.2 0.2 0.8 0.0 0.2 0.1 0.1

 Machinery...................................................... -0.3 0.3 -0.3 0.7 -0.1 0.1 0.0 0.2

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

 Electrical equipment, appliances,

 and components..................................... 0.2 0.3 0.4 0.8 0.1 0.3 0.3 0.4

 Transportation equipment.................... 0.1 0.8 0.3 2.1 0.0 0.2 0.1 0.1

 Furniture and related products............. (X) 0.5 (X) 0.7 (X) 0.4 (X) 0.3

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

Nondurable goods industries................... (X) 0.2 (X) (NA) (X) (NA) (X) 0.1

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

 Beverage and tobacco products............ (X) 0.3 (X) (NA) (X) (NA) (X) 0.2

 Textiles.......................................................... (X) 0.5 (X) (NA) (X) (NA) (X) 0.3

 Textile products......................................... (X) 0.6 (X) (NA) (X) (NA) (X) 0.3

 Apparel......................................................... (X) 0.5 (X) (NA) (X) (NA) (X) 0.6

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

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

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

 Petroleum and coal products............... (X) 0.7 (X) (NA) (X) (NA) (X) 0.5

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

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

X

 Not Applicable 

p

 Preliminary 

r

 Revised data due to late receipts and concurrent seasonal adjustment. 

2

 Excludes the following industries with no unfilled orders: Wood products; nonmetallic mineral products; medical equipment and supplies; office supplies; 

other miscellaneous manufacturing; cutlery and handtools; farm and garden machinery; computer storage and peripheral devices; audio and video 

equipment; manufacturing and reproducing magnetic and optical media; batteries; automobiles; light trucks and utility vehicles; heavy duty trucks; and 

miscellaneous furniture. 

3

 Unfilled orders to shipments ratio excludes semiconductor manufacturing. 

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

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

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

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, February Full Report, April 4, 2022. Information on data 

sources and methodology can be found on our website at <www.census.gov/manufacturing/m3/how_the_data_are_collected/index.html>. 

X Not Applicable 

NA Not Available 

1

 Estimates of shipments and new orders are for the duration of the period, while estimates of unfilled orders and total inventories are for the 

end of the period. Not seasonally adjusted estimates of shipments and new orders include adjusted data for non-calendar reporters. Seasonally 

adjusted estimates include concurrent adjustments for holiday and trading-day differences, where appropriate, as well as seasonal variation, 

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

2

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

3

 The twelve month revisions are the differences between the month-to-month percent changes of the preliminary and final estimates. The 

monthly averages are the simple averages of the absolute values of the differences for the months specified. The advance to final percent 

change revisions for the durable goods industries are shown in the advance report for the month. 

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

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

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

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

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, February Full Report, April 4, 2022. Information on 

data sources and methodology can be found on our website at 

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

Table 8. Revisions to Previously Published Monthly Percent Changes 1

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

Shipments New Orders Unfilled Orders Inventories