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FOR RELEASE AT 10:00 AM EST, THURSDAY, FEBRUARY 3, 2022

MONTHLY FULL REPORT ON MANUFACTURERS’ SHIPMENTS, INVENTORIES AND ORDERS 

DECEMBER 2021

Release Number: CB 22-18 M3-2 (21)-12

Statement Regarding COVID-19 Impact: The Census Bureau continues to monitor response and data quality 

and has determined that estimates in this release meet publication standards. For more information, see < M3 

COVID-19 FAQs>.

February 3, 2022 — The U.S. Census Bureau announces the December full report on manufacturers’ 

shipments, inventories and orders:

MANUFACTURED GOODS – NEW ORDERS

DECEMBER 2021 $530.7 billion -0.4%°

NOVEMBER 2021

(revised) $533.1 billion +1.8%°

Next release: March 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, February 3, 

2022.

Summary

New orders for manufactured goods in December, down following seven consecutive monthly increases,

decreased $2.4 billion or 0.4 percent to $530.7 billion, the U.S. Census Bureau reported today. This 

followed a 1.8 percent November increase. Shipments, up nineteen of the last twenty months, increased 

$2.1 billion or 0.4 percent to $528.9 billion. This followed a 0.7 percent November increase. Unfilled 

orders, up eleven consecutive months, increased $6.2 billion or 0.5 percent to $1,267.7 billion. This 

followed a 0.8 percent November increase. The unfilled orders-to-shipments ratio was 6.81, up from 6.79

in November. Inventories, up eighteen of the last nineteen months, increased $2.2 billion or 0.3 percent 

to $773.0 billion. This followed a 0.8 percent November increase. The inventories-to-shipments ratio was 

1.46, unchanged from November.

-1.0%

0.0%

1.0%

2.0%

3.0%

4.0%

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

MANUFACTURERS' NEW ORDERS 2021

Seasonally Adjusted, Month-To-Month Percentage Change

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders, February 3, 2022.
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New Orders

New orders for manufactured durable goods in December, down following two consecutive monthly 

increases, decreased $1.9 billion or 0.7 percent to $268.2 billion, up from the previously published 0.9

percent decrease. This followed a 3.2 percent November increase. Transportation equipment, down 

three of the last four months, drove the decrease, $3.1 billion or 3.7 percent to $80.3 billion. New orders 

for manufactured nondurable goods decreased $0.5 billion or 0.2 percent to $262.5 billion.

Shipments

Shipments of manufactured durable goods in December, up seven of the last eight months, increased $2.6

billion or 1.0 percent to $266.4 billion, up from the previously published 0.8 percent increase. This 

followed a 0.8 percent November increase. Transportation equipment, up three consecutive months, led

the increase, $1.0 billion or 1.2 percent to $77.6 billion. Shipments of manufactured nondurable goods, 

down following nine consecutive monthly increases, decreased $0.5 billion or 0.2 percent to $262.5 billion. 

This followed a 0.5 percent November increase. Petroleum and coal products, down following seven 

consecutive monthly increases, drove the decrease, $1.2 billion or 2.1 percent to $56.6 billion.

Unfilled Orders

Unfilled orders for manufactured durable goods in December, up eleven consecutive months, increased

$6.2 billion or 0.5 percent to $1,267.7 billion, unchanged from the previously published increase. This 

followed a 0.8 percent November increase. Transportation equipment, up ten of the last eleven months, 

led the increase, $2.7 billion or 0.3 percent to $835.0 billion.

Inventories

Inventories of manufactured durable goods in December, up eleven consecutive months, increased $3.5

billion or 0.8 percent to $473.9 billion, up from the previously published 0.7 percent increase. This 

followed a 0.8 percent November increase. Machinery, up fourteen consecutive months, led the increase, 

$0.9 billion or 1.1 percent to $78.5 billion. Inventories of manufactured nondurable goods, down following 

fourteen consecutive monthly increases, decreased $1.3 billion or 0.4 percent to $299.1 billion. This 

followed a 0.8 percent November increase. Petroleum and coal products, down following seven 

consecutive monthly increases, drove the decrease, $2.9 billion or 6.3 percent to $43.2 billion. By stage of 

fabrication, December materials and supplies increased 1.0 percent in durable goods and decreased 1.4

percent in nondurable goods. Work in process increased 0.8 percent in durable goods and decreased 1.2

percent in nondurable goods. Finished goods increased 0.3 percent in durable goods and 0.6 percent in 

nondurable goods.
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The Advance Report on durable goods for January is scheduled for release on February 25, 2022 at 8:30

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

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

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

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 
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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>.

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”. 

2022 Release Dates for the M3 Survey

Survey month Advance Report 

(8:30 a.m. release time)

Full Report 

(10:00 a.m. release time)

Nov-21 Thu 12/23/2021 Thu 1/6/2022

Dec-21 Thu 1/27/2022 Thu 2/3/2022

Jan-22 Fri 2/25/2022 Thu 3/3/2022

Feb-22 Thu 3/24/2022 Mon 4/4/2022

Mar-22 Tue 4/26/2022 Tue 5/3/2022

Apr-22 Wed 5/25/2022 Thu 6/2/2022

May-22 Mon 6/27/2022 Tue 7/5/2022

Jun-22 Wed 7/27/2022 Wed 8/3/2022

Jul-22 Wed 8/24/2022 Fri 9/2/2022

Aug-22 Tue 9/27/2022 Tue 10/4/2022

Sep-22 Thu 10/27/2022 Thu 11/3/2022

Oct-22 Wed 11/23/2022 Mon 12/5/2022

Nov-22 Fri 12/23/2022 Not available at this time

OMB: Schedule of Release Dates 2022 (whitehouse.gov)
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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

Dec. Nov. Oct. Nov. - Oct. - Sep. - Dec. Nov. Oct. Dec. 2021/

2021p 2021r 2021 Dec. Nov. Oct. 2021p 2021r 2021 2020 2021p 2020 2020

 All manufacturing industries.................. 528,924 526,864 523,458 0.4 0.7 2.0 528,280 515,961 529,691 472,075 6,041,475 5,356,798 12.8

 Excluding transportation................... 451,339 450,230 447,848 0.2 0.5 1.7 448,038 440,064 452,526 395,485 5,151,349 4,546,676 13.3

 Excluding defense.............................. 514,684 512,321 508,901 0.5 0.7 2.0 512,408 500,789 515,379 457,427 5,872,744 5,199,873 12.9

 With unfilled orders............................ 186,204 185,688 184,877 0.3 0.4 1.2 190,125 179,645 185,019 167,663 2,135,443 1,886,479 13.2

 Durable goods industries......................... 266,389 263,799 261,753 1.0 0.8 1.7 269,101 256,068 264,974 243,873 3,050,636 2,708,974 12.6

 Wood products....................................... 11,773 11,669 11,465 0.9 1.8 1.0 10,469 10,871 11,939 9,002 136,771 110,437 23.8

 Nonmetallic mineral products.................... 12,264 12,172 11,896 0.8 2.3 1.0 10,941 11,834 12,669 10,250 140,925 132,742 6.2

 Primary metals....................................... 24,775 24,606 24,692 0.7 -0.3 2.6 22,975 23,146 24,466 18,207 275,430 219,482 25.5

 Iron and steel mills............................ 12,292 12,447 12,483 -1.2 -0.3 1.4 11,318 11,644 12,225 8,899 137,766 105,882 30.1

 Aluminum and nonferrous metals.......... 11,063 10,764 10,809 2.8 -0.4 3.9 10,386 10,223 10,870 8,252 121,924 98,957 23.2

 Ferrous metal foundries....................... 1,420 1,395 1,400 1.8 -0.4 3.6 1,271 1,279 1,371 1,056 15,740 14,643 7.5

 Fabricated metal products....................... 36,878 36,435 36,177 1.2 0.7 1.5 34,658 35,026 37,104 29,505 412,727 356,661 15.7

 Machinery............................................. 37,537 37,110 37,079 1.2 0.1 -0.3 39,315 34,558 36,811 33,773 429,708 374,988 14.6

 Farm machinery................................. 2,702 2,436 2,615 10.9 -6.8 -11.8 2,384 1,962 2,486 2,499 31,940 30,493 4.7

 Construction machinery..................... 3,374 3,322 3,189 1.6 4.2 -3.2 3,301 3,029 3,217 2,855 38,508 32,081 20.0

 Mining, oil field, and 

 gas field machinery.......................... 1,382 1,385 1,386 -0.2 -0.1 0.7 1,588 1,398 1,382 1,393 16,117 15,790 2.1

 Industrial machinery.......................... 5,782 5,689 5,624 1.6 1.2 2.9 6,974 5,184 5,699 3,741 57,607 36,586 57.5

 Photographic equipment...................... 503 539 508 -6.7 6.1 -4.3 566 541 452 603 6,214 6,009 3.4

 Ventilation, heating, air-conditioning,

 and refrigeration equipment............ 4,336 4,370 4,324 -0.8 1.1 2.8 4,220 3,867 4,120 3,680 50,110 45,313 10.6

 Metalworking machinery..................... 2,738 2,751 2,755 -0.5 -0.1 0.8 3,123 2,727 2,819 2,880 33,223 29,959 10.9

 Turbines, generators, and other

 power transmission equipment....... 3,915 3,802 3,850 3.0 -1.2 -3.8 3,708 3,828 3,991 3,820 46,724 42,767 9.3

 Material handling equipment............... 3,112 3,075 2,999 1.2 2.5 1.7 3,461 2,947 3,029 3,003 35,200 31,399 12.1

 Computers and electronic products2.......... 29,308 29,077 29,001 0.8 0.3 -0.6 33,161 29,321 28,903 31,938 346,990 328,957 5.5

 Computers........................................ 690 708 707 -2.5 0.1 1.4 799 699 704 813 8,639 8,548 1.1

 Computer storage devices..................... 672 677 696 -0.7 -2.7 -3.5 954 700 672 855 8,391 6,625 26.7

 Other peripheral equipment................ 553 510 532 8.4 -4.1 -2.0 715 481 503 669 6,495 6,261 3.7

 Nondefense communications

 equipment.................................... 3,243 3,289 3,258 -1.4 1.0 0.7 4,535 3,103 2,832 4,520 38,771 36,474 6.3

 Defense communications equipment.... 230 230 239 0.0 -3.8 1.7 231 255 245 230 2,774 2,689 3.2

 Audio and video equipment.................... 251 275 241 -8.7 14.1 -0.4 350 382 321 307 2,830 2,759 2.6

 Electronic components......................... 4,836 4,867 4,843 -0.6 0.5 1.4 4,969 4,745 4,685 4,652 55,769 52,310 6.6

 Nondefense search and navigation

 equipment...................................... 1,530 1,529 1,537 0.1 -0.5 0.7 1,680 1,534 1,462 1,645 18,275 17,814 2.6

 Defense search and navigation

 equipment..................................... 3,028 3,025 3,021 0.1 0.1 0.1 3,307 3,199 2,967 3,270 36,279 35,530 2.1

 Electromedical, measuring,

 and control instruments................. 9,749 9,559 9,451 2.0 1.1 -1.1 11,533 9,344 9,268 10,987 114,506 108,361 5.7

 Electrical equipment, appliances, 

 and components................................... 13,042 12,946 12,876 0.7 0.5 1.9 13,127 12,597 12,949 11,421 149,817 130,942 14.4

 Electric lighting equipment..................... 1,147 1,151 1,146 -0.3 0.4 -1.4 1,142 1,142 1,179 1,127 13,783 13,518 2.0

 Household appliances........................ 2,790 2,727 2,670 2.3 2.1 -0.3 3,055 2,754 2,604 2,532 31,677 25,671 23.4

 Electrical equipment............................ 3,407 3,365 3,407 1.2 -1.2 2.4 3,370 3,141 3,247 3,123 39,673 38,576 2.8

 Batteries........................................... 920 898 915 2.4 -1.9 5.8 979 996 1,036 867 10,792 9,415 14.6

 Transportation equipment........................ 77,585 76,634 75,610 1.2 1.4 3.6 80,242 75,897 77,165 76,590 890,126 810,122 9.9

 Automobiles..................................... 6,113 5,612 5,430 8.9 3.4 13.2 6,019 5,573 5,728 6,695 67,023 76,750 -12.7

 Light trucks and utility vehicles.............. 18,649 18,062 17,514 3.2 3.1 8.7 19,781 18,118 18,609 20,241 210,280 177,570 18.4

 Heavy duty trucks ............................. 3,044 2,934 2,869 3.7 2.3 2.0 2,801 2,878 2,921 2,448 33,265 28,538 16.6

 Motor vehicle bodies, parts, 

 and trailers.................................... 27,257 27,526 27,102 -1.0 1.6 1.9 25,107 26,852 28,058 23,753 316,578 291,388 8.6

 Nondefense aircraft and parts................ 7,990 7,978 8,156 0.2 -2.2 -4.7 10,474 7,751 7,452 9,315 94,574 81,148 16.5

 Defense aircraft and parts.................. 4,354 4,691 4,672 -7.2 0.4 6.3 4,854 4,850 4,626 4,733 54,214 55,358 -2.1

 Ships and boats................................. 3,211 3,106 3,210 3.4 -3.2 -2.3 3,254 3,215 3,189 2,786 37,847 32,960 14.8

 Furniture and related products.................. 5,995 5,989 6,112 0.1 -2.0 0.8 5,940 5,889 6,236 5,918 71,766 71,402 0.5

 Miscellaneous durable goods................. 17,232 17,161 16,845 0.4 1.9 1.2 18,273 16,929 16,732 17,269 196,376 173,241 13.4

 Nondurable goods industries..................... 262,535 263,065 261,705 -0.2 0.5 2.3 259,179 259,893 264,717 228,202 2,990,839 2,647,824 13.0

 Food products....................................... 70,487 70,647 70,583 -0.2 0.1 0.1 69,864 72,752 73,135 67,608 836,728 801,638 4.4

 Grain and oilseed milling....................... 7,871 7,825 7,927 0.6 -1.3 0.1 7,823 8,172 8,083 7,426 92,871 84,636 9.7

 Dairy products.................................. 10,828 10,776 10,747 0.5 0.3 -0.2 10,855 11,179 11,004 10,629 129,476 125,481 3.2

 Meat, poultry, and seafood products... 20,065 20,066 20,069 0.0 0.0 -0.2 19,362 20,163 20,205 17,783 234,973 221,339 6.2

 Beverage and tobacco products................ 14,550 14,058 14,008 3.5 0.4 -1.4 14,304 13,982 14,011 12,895 163,336 151,747 7.6

 Beverages......................................... 10,019 10,013 10,191 0.1 -1.7 4.2 9,773 9,937 10,194 9,008 116,116 107,904 7.6

 Tobacco............................................ 4,531 4,045 3,817 12.0 6.0 -13.7 4,531 4,045 3,817 3,887 47,220 43,843 7.7

 Textile mills........................................... 2,387 2,345 2,316 1.8 1.3 1.6 2,100 2,231 2,375 1,934 27,419 24,968 9.8

 Textile products................................... 1,906 1,884 1,867 1.2 0.9 -0.5 1,752 1,811 1,924 1,676 22,413 20,986 6.8

 Apparel................................................ 891 881 872 1.1 1.0 0.6 914 990 974 872 10,372 9,789 6.0

 Leather and allied products...................... 438 427 430 2.6 -0.7 -5.1 423 399 437 385 5,192 4,316 20.3

 Paper products...................................... 17,530 17,508 17,445 0.1 0.4 0.2 17,271 17,065 17,836 16,267 206,781 192,851 7.2

 Pulp, paper, and paperboard mills....... 6,620 6,623 6,617 0.0 0.1 0.4 6,553 6,470 6,723 6,339 78,518 76,356 2.8

 Paperboard containers........................ 6,015 5,998 5,937 0.3 1.0 -0.3 5,735 5,815 6,110 5,516 71,146 67,506 5.4

 Printing................................................. 6,949 6,887 6,838 0.9 0.7 3.3 7,000 7,075 7,252 6,672 80,580 77,743 3.6

 Petroleum and coal products.................. 56,594 57,831 57,336 -2.1 0.9 7.9 55,162 55,325 57,619 37,847 598,243 410,150 45.9

 Petroleum refineries.......................... 52,024 53,315 53,000 -2.4 0.6 8.2 51,093 51,073 53,026 34,373 547,815 363,301 50.8

 Chemical products..................................... 68,276 68,116 67,882 0.2 0.3 1.8 69,256 66,697 66,515 62,979 783,272 713,308 9.8

 Pesticides, fertilizers, and other

 agricultural chemicals....................... 3,064 3,042 3,153 0.7 -3.5 10.6 3,240 2,667 2,523 2,900 33,910 30,788 10.1

 Pharmaceuticals and medicines............. 21,976 21,967 21,903 0.0 0.3 0.6 23,012 22,252 21,848 21,311 252,561 232,706 8.5

 Paints, coatings, and adhesives.......... 4,165 4,170 4,044 -0.1 3.1 1.7 3,609 3,718 3,963 3,256 46,995 41,945 12.0

 Plastics and rubber products.................. 22,527 22,481 22,128 0.2 1.6 2.1 21,133 21,566 22,639 19,067 256,503 240,328 6.7

Year to date

p

 Preliminary 

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

1

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

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

model parameters. Estimates are not adjusted for price changes. 

2

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

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

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

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, December Full Report, February 3, 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

Dec. Nov. Oct. Nov. - Oct. - Sep. - Dec. Nov. Oct. Dec. 2021/

2021p 2021r 2021 Dec. Nov. Oct. 2021p 2021r 2021 2020 2021p 2020 2020

All manufacturing industries2........................ 530,723 533,104 523,433 -0.4 1.8 1.2 540,256 517,494 524,174 470,775 6,075,637 5,198,635 16.9

 Excluding transportation2...................... 450,417 449,747 446,391 0.1 0.8 1.5 446,996 437,043 448,671 395,501 5,153,716 4,510,303 14.3

 Excluding defense2

.............................. 517,676 517,406 509,467 0.1 1.6 1.8 520,612 504,272 512,170 453,730 5,910,418 5,041,665 17.2

 With unfilled orders2............................. 192,388 196,196 189,188 -1.9 3.7 -1.0 206,041 185,913 184,585 170,209 2,222,145 1,778,224 25.0

 Durable goods industries2......................... 268,188 270,039 261,728 -0.7 3.2 0.1 281,077 257,601 259,457 242,573 3,084,798 2,550,811 20.9

 Primary metals........................................ 24,937 24,424 24,438 2.1 -0.1 1.0 23,704 23,193 24,170 19,405 281,178 222,353 26.5

 Iron and steel mills.............................. 11,986 12,206 12,372 -1.8 -1.3 1.3 11,273 11,697 11,959 9,596 139,729 107,696 29.7

 Aluminum and nonferrous metals.......... 11,252 10,717 10,665 5.0 0.5 2.2 10,785 10,092 10,909 8,678 124,097 99,774 24.4

 Ferrous metal foundries....................... 1,699 1,501 1,401 13.2 7.1 -10.1 1,646 1,404 1,302 1,131 17,352 14,883 16.6

 Fabricated metal products........................ 37,689 36,998 36,511 1.9 1.3 -0.6 34,850 34,195 36,319 30,354 430,798 359,419 19.9

 Machinery............................................. 38,309 38,231 38,569 0.2 -0.9 -0.5 39,465 35,618 38,061 34,834 446,178 378,681 17.8

 Construction machinery........................ 3,354 3,390 3,410 -1.1 -0.6 -8.2 3,495 3,208 3,343 3,435 42,027 32,847 27.9

 Mining, oil field, and

 gas field machinery.......................... 1,494 1,347 1,466 10.9 -8.1 4.2 1,700 1,360 1,462 1,602 16,616 15,842 4.9

 Industrial machinery............................ 5,942 5,796 5,968 2.5 -2.9 5.7 6,802 5,195 6,277 3,493 59,206 35,854 65.1

 Photographic equipment....................... 448 463 461 -3.2 0.4 -22.0 482 450 468 561 6,110 5,306 15.2

 Ventilation, heating, air-conditioning,

 and refrigeration equipment............... 4,732 4,705 4,474 0.6 5.2 1.9 4,591 4,055 4,160 3,769 52,883 46,132 14.6

 Metalworking machinery....................... 2,958 2,981 2,896 -0.8 2.9 -1.0 3,114 2,949 2,990 3,195 34,492 31,161 10.7

 Turbines, generators, and other 

 power transmission equipment........... 3,896 3,959 4,106 -1.6 -3.6 1.8 3,689 3,985 4,247 3,643 48,127 42,385 13.5

 Material handling equipment.................. 3,000 3,263 3,182 -8.1 2.5 0.6 3,749 3,099 3,027 3,317 36,911 31,713 16.4

 Computers and electronic products2........... 25,784 26,508 25,449 -2.7 4.2 0.9 30,984 25,623 24,498 29,339 301,136 281,278 7.1

 Computers........................................ 645 674 672 -4.3 0.3 -0.7 754 665 669 855 8,460 8,506 -0.5

 Nondefense communications

 equipment...................................... 3,998 4,279 3,842 -6.6 11.4 12.4 5,432 4,018 3,406 4,635 42,547 37,198 14.4

 Defense communications equipment....... 230 214 220 7.5 -2.7 -9.5 265 237 219 280 2,607 2,533 2.9

 Electronic components......................... 4,894 4,977 4,891 -1.7 1.8 0.5 5,201 4,769 4,824 4,966 57,117 52,423 9.0

 Nondefense search and navigation

 equipment...................................... 1,722 1,715 1,663 0.4 3.1 -1.0 1,625 1,682 1,718 1,546 19,912 19,059 4.5

 Defense search and navigation

 equipment...................................... 3,005 3,408 2,886 -11.8 18.1 -5.7 3,934 3,162 2,569 3,876 35,973 35,322 1.8

 Electromedical, measuring,

 and control instruments..................... 9,673 9,639 9,666 0.4 -0.3 0.5 11,606 9,383 9,436 11,206 115,083 108,914 5.7

 Electrical equipment, appliances, 

 and components................................... 13,454 13,433 13,454 0.2 -0.2 1.6 13,435 12,949 13,494 11,791 155,461 132,897 17.0

 Electric lighting equipment..................... 1,170 1,206 1,194 -3.0 1.0 3.1 1,126 1,198 1,236 1,136 14,053 13,438 4.6

 Household appliances.......................... 2,789 2,712 2,725 2.8 -0.5 0.5 3,059 2,737 2,645 2,735 32,199 26,684 20.7

 Electrical equipment............................ 3,430 3,463 3,451 -1.0 0.3 2.2 3,374 3,242 3,376 3,081 39,882 38,674 3.1

 Transportation equipment........................ 80,306 83,357 77,042 -3.7 8.2 -0.3 93,260 80,451 75,503 75,274 921,921 688,332 33.9

 Motor vehicle bodies, parts, 

 and trailers..................................... 27,196 27,512 27,464 -1.1 0.2 3.2 25,930 27,377 27,764 24,785 320,392 292,687 9.5

 Nondefense aircraft and parts3................ 12,065 14,095 9,929 -14.4 42.0 -4.1 19,560 13,782 8,185 5,406 127,181 -41,584 (NA)

 Defense aircraft and parts.................... 4,707 5,299 4,923 -11.2 7.6 -18.6 7,291 4,227 3,939 5,802 52,252 50,927 2.6

 Ships and boats.................................. 1,782 3,368 2,882 -47.1 16.9 -22.1 2,660 2,918 2,808 2,365 36,215 35,898 0.9

 Furniture and related products................... 6,427 6,122 6,107 5.0 0.2 -0.9 5,683 5,974 6,120 5,062 74,039 71,536 3.5

 Nondurable goods industries..................... 262,535 263,065 261,705 -0.2 0.5 2.3 259,179 259,893 264,717 228,202 2,990,839 2,647,824 13.0

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. 

3

 (NA) - New Orders year-to-date percent change is not provided for Nondefense aircraft and parts because the denominator has a negative value. 

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

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

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, December Full Report, February 3, 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 December

Dec. Nov. Oct. Nov. - Oct. - Sep. - Dec. Nov. Oct. Dec. 2021/

2021p 2021r 2021 Dec. Nov. Oct. 2021p 2021r 2021 2020 2020

All manufacturing industries2...................... 1,267,692 1,261,508 1,251,000 0.5 0.8 0.3 1,261,313 1,245,397 1,239,129 1,174,611 7.4

 Excluding transportation2...................... 432,694 429,231 425,446 0.8 0.9 0.7 425,632 422,734 421,020 370,725 14.8

 Excluding defense2

............................. 1,053,459 1,046,082 1,036,729 0.7 0.9 0.5 1,048,274 1,036,130 1,027,912 958,060 9.4

 Durable goods industries2........................ 1,267,692 1,261,508 1,251,000 0.5 0.8 0.3 1,261,313 1,245,397 1,239,129 1,174,611 7.4

 Primary metals........................................ 40,795 40,633 40,815 0.4 -0.4 -0.6 40,455 39,726 39,679 34,707 16.6

 Iron and steel mills............................... 18,274 18,580 18,821 -1.6 -1.3 -0.6 18,213 18,258 18,205 16,250 12.1

 Aluminum and nonferrous metals............. 14,936 14,747 14,794 1.3 -0.3 -1.0 14,705 14,306 14,437 12,532 17.3

 Ferrous metal foundries........................ 7,585 7,306 7,200 3.8 1.5 0.0 7,537 7,162 7,037 5,925 27.2

 Fabricated metal products......................... 105,515 104,704 104,141 0.8 0.5 0.3 102,432 102,240 103,071 84,361 21.4

 Machinery.............................................. 115,835 115,063 113,942 0.7 1.0 1.3 113,906 113,756 112,696 97,436 16.9

 Construction machinery......................... 11,073 11,093 11,025 -0.2 0.6 2.0 10,854 10,660 10,481 7,335 48.0

 Mining, oil field, and

 gas field machinery.......................... 4,715 4,603 4,641 2.4 -0.8 1.8 4,715 4,603 4,641 4,216 11.8

 Industrial machinery............................. 10,441 10,281 10,174 1.6 1.1 3.5 10,011 10,183 10,172 8,412 19.0

 Photographic equipment........................ 1,820 1,875 1,951 -2.9 -3.9 -2.4 1,830 1,914 2,005 1,934 -5.4

 Ventilation, heating, air-conditioning,

 and refrigeration equipment................ 9,978 9,582 9,247 4.1 3.6 1.6 9,596 9,225 9,037 6,823 40.6

 Metalworking machinery........................ 10,913 10,693 10,463 2.1 2.2 1.4 10,651 10,660 10,438 9,382 13.5

 Turbines, generators, and other 

 power transmission equipment............ 22,565 22,584 22,427 -0.1 0.7 1.2 22,565 22,584 22,427 21,162 6.6

 Material handling equipment................... 14,301 14,413 14,225 -0.8 1.3 1.3 14,458 14,170 14,018 12,747 13.4

 Computers and electronic products2

............. 124,761 123,900 122,201 0.7 1.4 0.6 124,425 122,662 121,625 117,739 5.7

 Computers......................................... 1,366 1,411 1,445 -3.2 -2.4 -2.4 1,366 1,411 1,445 1,545 -11.6

 Nondefense communications

 equipment...................................... 21,840 21,085 20,095 3.6 4.9 3.0 21,744 20,847 19,932 17,968 21.0

 Defense communications equipment........ 334 334 350 0.0 -4.6 -5.1 347 313 331 514 -32.5

 Electronic components.......................... 14,470 14,412 14,302 0.4 0.8 0.3 14,458 14,226 14,202 13,110 10.3

 Nondefense search and navigation

 equipment....................................... 26,630 26,438 26,252 0.7 0.7 0.5 26,497 26,552 26,404 24,860 6.6

 Defense search and navigation

 equipment....................................... 33,479 33,502 33,119 -0.1 1.2 -0.4 33,469 32,842 32,879 33,775 -0.9

 Electromedical, measuring,

 and control instruments...................... 26,642 26,718 26,638 -0.3 0.3 0.8 26,544 26,471 26,432 25,967 2.2

 Electrical equipment, appliances, 

 and components.................................... 32,883 32,471 31,984 1.3 1.5 1.8 32,248 31,940 31,588 26,604 21.2

 Electric lighting equipment..................... 2,096 2,073 2,018 1.1 2.7 2.4 2,059 2,075 2,019 1,789 15.1

 Household appliances........................... 2,946 2,947 2,962 0.0 -0.5 1.9 3,019 3,015 3,032 2,497 20.9

 Electrical equipment............................. 12,496 12,473 12,375 0.2 0.8 0.4 12,287 12,283 12,182 12,078 1.7

 Transportation equipment......................... 834,998 832,277 825,554 0.3 0.8 0.2 835,681 822,663 818,109 803,886 4.0

 Motor vehicle bodies, parts, 

 and trailers...................................... 28,390 28,451 28,465 -0.2 0.0 1.3 28,661 27,838 27,313 24,847 15.3

 Nondefense aircraft and parts................ 609,905 605,830 599,713 0.7 1.0 0.3 611,367 602,281 596,250 578,760 5.6

 Defense aircraft and parts..................... 82,419 82,066 81,458 0.4 0.7 0.3 82,019 79,582 80,205 83,981 -2.3

 Ships and boats.................................. 48,028 49,457 49,195 -2.9 0.5 -0.7 46,089 46,683 46,980 47,721 -3.4

 Furniture and related products................... 12,339 11,907 11,774 3.6 1.1 0.0 11,600 11,857 11,772 9,327 24.4

p

 Preliminary 

r

 Revised data due to late receipts and concurrent seasonal adjustment. 

1

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

include adjusted data for non-calendar reporters. Seasonally adjusted estimates include concurrent adjustments for holiday and trading-day differences, where appropriate, as well as seasonal variation, based on the results of the 

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

2

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

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

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

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

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, December Full Report, February 3, 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 December

Dec. Nov. Oct. Nov. - Oct. - Sep. - Dec. Nov. Oct. Dec. 2021/

2021p 2021r 2021 Dec. Nov. Oct. 2021p 2021r 2021 2020 2020

 All manufacturing industries...................... 773,046 770,850 764,728 0.3 0.8 0.9 755,398 770,838 767,376 692,792 9.0

 Excluding transportation........................ 618,487 616,792 610,793 0.3 1.0 1.2 606,208 615,619 611,787 549,773 10.3

 Excluding defense............................. 747,927 745,769 739,732 0.3 0.8 0.9 730,472 745,835 742,393 668,934 9.2

 With unfilled orders............................. 382,358 379,278 376,313 0.8 0.8 0.8 372,832 379,230 376,178 342,715 8.8

 Durable goods industries........................ 473,914 470,370 466,755 0.8 0.8 0.7 461,810 470,771 466,679 421,661 9.5

 Wood products........................................ 14,093 14,006 13,904 0.6 0.7 1.0 14,109 14,013 13,819 12,793 10.3

 Nonmetallic mineral products..................... 15,313 15,204 15,064 0.7 0.9 1.1 15,008 14,835 14,708 13,983 7.3

 Primary metals......................................... 42,649 42,264 41,912 0.9 0.8 1.9 42,211 41,892 41,476 34,781 21.4

 Iron and steel mills............................... 24,373 24,195 23,974 0.7 0.9 2.4 24,163 24,014 23,751 19,343 24.9

 Aluminum and nonferrous metals............ 15,788 15,598 15,495 1.2 0.7 1.3 15,618 15,443 15,321 13,278 17.6

 Ferrous metal foundries........................ 2,488 2,471 2,443 0.7 1.1 1.6 2,430 2,435 2,404 2,160 12.5

 Fabricated metal products......................... 62,723 62,004 61,159 1.2 1.4 1.6 61,434 61,137 60,507 52,203 17.7

 Machinery.............................................. 78,477 77,604 76,453 1.1 1.5 1.6 76,668 78,422 76,103 68,142 12.5

 Farm machinery.................................. 5,015 4,847 4,668 3.5 3.8 2.8 5,203 5,064 4,460 3,836 35.6

 Construction machinery......................... 6,975 6,903 6,654 1.0 3.7 3.9 6,782 6,929 6,628 5,560 22.0

 Mining, oil field, 

 and gas field machinery.................... 6,135 6,104 6,159 0.5 -0.9 0.2 5,943 6,144 6,260 5,871 1.2

 Industrial machinery............................. 9,699 9,516 9,326 1.9 2.0 0.6 9,728 9,584 9,069 8,752 11.2

 Photographic equipment....................... 1,328 1,327 1,315 0.1 0.9 1.7 1,279 1,354 1,338 1,227 4.2

 Ventilation, heating, air-conditioning,

 and refrigeration equipment............... 6,142 5,986 5,974 2.6 0.2 1.9 5,740 5,819 5,846 5,137 11.7

 Metalworking machinery........................ 6,165 6,104 6,018 1.0 1.4 1.3 6,059 6,191 6,088 5,503 10.1

 Turbines, generators, and other

 power transmission equipment............ 10,136 10,248 10,050 -1.1 2.0 2.1 9,671 10,435 9,955 8,629 12.1

 Material handling equipment.................. 6,392 6,223 6,071 2.7 2.5 2.7 6,003 6,424 6,224 4,899 22.5

 Computers and electronic products2

............ 48,077 47,762 47,451 0.7 0.7 0.1 46,788 48,031 47,596 45,143 3.6

 Computers......................................... 2,152 2,123 2,111 1.4 0.6 0.1 2,037 2,129 2,094 1,790 13.8

 Computer storage devices.................... 829 845 860 -1.9 -1.7 1.8 824 905 883 791 4.2

 Other peripheral equipment................... 864 847 815 2.0 3.9 0.0 842 879 799 813 3.6

 Nondefense communications

 equipment...................................... 4,475 4,466 4,486 0.2 -0.4 0.3 4,183 4,614 4,606 4,142 1.0

 Defense communications equipment........ 656 654 656 0.3 -0.3 0.5 656 654 656 648 1.2

 Audio and video equipment.................... 820 788 714 4.1 10.4 4.1 804 774 715 652 23.3

 Electronic components.......................... 8,119 8,090 8,122 0.4 -0.4 -1.8 7,940 7,835 7,874 8,152 -2.6

 Nondefense search and navigation

 equipment...................................... 3,372 3,369 3,342 0.1 0.8 0.1 3,291 3,362 3,403 3,177 3.6

 Defense search and navigation

 equipment....................................... 3,050 3,042 3,028 0.3 0.5 0.0 2,935 3,002 2,999 2,868 2.3

 Electromedical, measuring 

 and control instruments...................... 17,003 16,919 16,785 0.5 0.8 0.6 16,563 17,085 16,858 15,743 5.2

 Electrical equipment, appliances, 

 and components.................................... 22,092 21,656 21,375 2.0 1.3 0.9 21,149 21,274 21,265 19,081 10.8

 Electric lighting equipment..................... 2,489 2,473 2,449 0.6 1.0 1.4 2,405 2,455 2,450 2,249 6.9

 Household appliances........................... 3,334 3,271 3,213 1.9 1.8 2.4 3,055 3,218 3,267 2,566 19.1

 Electrical equipment............................. 6,624 6,485 6,399 2.1 1.3 -0.1 6,393 6,404 6,251 5,954 7.4

 Batteries............................................ 1,767 1,756 1,749 0.6 0.4 0.0 1,601 1,588 1,741 1,572 1.8

 Transportation equipment......................... 154,559 154,058 153,935 0.3 0.1 -0.3 149,190 155,219 155,589 143,019 4.3

 Automobiles....................................... 7,617 7,586 7,687 0.4 -1.3 0.7 7,080 7,572 7,925 5,114 38.4

 Light trucks and utility vehicles.............. 7,795 7,799 7,823 -0.1 -0.3 -4.3 6,699 8,177 8,074 4,755 40.9

 Heavy duty trucks ............................... 2,798 2,803 2,774 -0.2 1.0 -1.0 2,587 2,722 2,737 1,970 31.3

 Motor vehicle bodies, parts, 

 and trailers...................................... 31,892 31,429 31,543 1.5 -0.4 0.2 31,286 31,184 31,452 27,306 14.6

 Nondefense aircraft and parts................ 76,256 76,206 76,035 0.1 0.2 -0.3 73,693 77,346 77,228 77,355 -4.7

 Defense aircraft and parts..................... 12,522 12,631 12,556 -0.9 0.6 0.1 12,442 12,655 12,589 12,138 2.5

 Ships and boats.................................. 3,951 3,844 3,877 2.8 -0.9 3.2 3,930 3,792 3,871 3,317 18.5

 Furniture and related products.................... 8,567 8,431 8,278 1.6 1.8 1.0 8,427 8,427 8,200 7,238 16.4

 Miscellaneous durable goods..................... 27,364 27,381 27,224 -0.1 0.6 0.7 26,826 27,521 27,416 25,278 6.1

 Nondurable goods industries...................... 299,132 300,480 297,973 -0.4 0.8 1.2 293,588 300,067 300,697 271,131 8.3

 Food products........................................ 63,393 62,981 62,788 0.7 0.3 0.2 63,477 64,755 66,114 61,849 2.6

 Grain and oilseed milling........................ 6,805 6,800 6,812 0.1 -0.2 -1.4 6,969 6,944 7,104 6,045 15.3

 Dairy products.................................... 9,166 9,046 9,011 1.3 0.4 0.0 8,790 8,714 8,899 8,963 -1.9

 Meat, poultry, and seafood products....... 9,642 9,640 9,673 0.0 -0.3 -1.0 9,425 9,698 9,862 9,485 -0.6

 Beverage and tobacco products................ 26,873 26,834 26,592 0.1 0.9 0.2 26,973 27,136 26,919 26,548 1.6

 Beverages......................................... 23,219 23,151 22,983 0.3 0.7 0.3 23,132 23,270 23,248 22,637 2.2

 Tobacco............................................ 3,654 3,683 3,609 -0.8 2.1 -0.1 3,841 3,866 3,671 3,911 -1.8

 Textile mills............................................ 3,311 3,286 3,220 0.8 2.0 1.3 3,295 3,263 3,202 2,995 10.0

 Textile products...................................... 4,204 4,153 4,100 1.2 1.3 1.8 4,165 4,159 4,098 3,908 6.6

 Apparel................................................. 1,921 1,875 1,836 2.5 2.1 1.9 1,780 1,842 1,908 1,637 8.7

 Leather and allied products....................... 885 869 868 1.8 0.1 -0.6 878 861 854 879 -0.1

 Paper products....................................... 16,076 16,054 15,971 0.1 0.5 0.8 15,979 15,867 15,751 15,081 6.0

 Pulp, paper, and paperboard mills........... 4,936 4,954 4,935 -0.4 0.4 0.7 4,922 4,888 4,822 4,851 1.5

 Paperboard containers......................... 5,725 5,721 5,711 0.1 0.2 0.3 5,753 5,645 5,646 5,419 6.2

 Printing.................................................. 6,088 6,053 6,020 0.6 0.5 0.1 5,960 6,106 6,217 5,713 4.3

 Petroleum and coal products..................... 43,157 46,048 45,828 -6.3 0.5 5.1 40,842 44,751 45,468 31,309 30.4

 Petroleum refineries............................. 37,210 40,157 40,119 -7.3 0.1 5.5 34,970 39,026 39,914 26,433 32.3

 Chemical products..................................... 103,100 102,418 101,112 0.7 1.3 0.4 100,650 101,623 100,734 94,834 6.1

 Pesticides, fertilizers, and other

 agricultural chemicals........................ 5,289 5,252 5,238 0.7 0.3 -0.4 5,360 5,210 5,022 5,146 4.2

 Pharmaceuticals and medicines.............. 45,252 45,055 44,645 0.4 0.9 0.3 43,782 44,705 44,698 43,969 -0.4

 Paints, coatings, and adhesives.............. 4,707 4,602 4,506 2.3 2.1 1.7 4,576 4,464 4,405 3,802 20.4

 Plastics and rubber products..................... 30,124 29,909 29,638 0.7 0.9 1.4 29,589 29,704 29,432 26,378 12.2

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, December Full Report, February 3, 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

Dec. Nov. Oct. Nov. - Oct. - Sep. - Dec. Nov. Oct. Dec. 2021/

2021p 2021r 2021 Dec. Nov. Oct. 2021p 2021r 2021 2020 2021p 2020 2020

SHIPMENTS

 All manufacturing industries......................... 528,924 526,864 523,458 0.4 0.7 2.0 528,280 515,961 529,691 472,075 6,041,475 5,356,798 12.8

 Construction materials and supplies....... 60,131 59,635 58,476 0.8 2.0 1.6 54,516 56,517 60,605 47,460 679,312 595,369 14.1

 Information technology......................... 25,368 25,286 25,068 0.3 0.9 0.1 29,399 24,946 24,470 27,815 298,787 276,510 8.1

 Computers and related products........... 1,915 1,895 1,935 1.1 -2.1 -1.3 2,468 1,880 1,879 2,337 23,525 21,434 9.8

 Motor vehicle and parts......................... 55,063 54,134 52,915 1.7 2.3 5.2 53,708 53,421 55,316 53,137 627,146 574,246 9.2

 Capital goods...................................... 94,327 93,634 93,295 0.7 0.4 0.2 104,387 90,860 91,388 94,182 1,090,736 965,746 12.9

 Nondefense capital goods3.................. 81,989 81,064 80,777 1.1 0.4 -0.2 90,686 77,646 79,061 81,718 945,207 832,650 13.5

 Excluding aircraft............................. 77,355 76,343 76,020 1.3 0.4 0.3 83,841 73,059 75,168 75,249 888,709 787,577 12.8

 Defense capital goods4........................ 12,338 12,570 12,518 -1.8 0.4 2.4 13,701 13,214 12,327 12,464 145,529 133,096 9.3

 Consumer goods.................................. 215,559 215,369 213,919 0.1 0.7 3.0 215,976 215,051 218,409 192,657 2,447,735 2,144,407 14.1

 Consumer durable goods..................... 39,306 38,272 37,385 2.7 2.4 5.8 40,579 38,304 38,968 40,904 447,365 412,826 8.4

 Consumer nondurable goods................ 176,253 177,097 176,534 -0.5 0.3 2.4 175,397 176,747 179,441 151,753 2,000,370 1,731,581 15.5

 All manufacturing industries5...................... 530,723 533,104 523,433 -0.4 1.8 1.2 540,256 517,494 524,174 470,775 6,075,637 5,198,635 16.9

 Construction materials and supplies....... 61,293 60,490 58,937 1.3 2.6 0.3 55,308 56,116 60,155 48,296 698,424 595,737 17.2

 Information technology......................... 26,483 27,148 26,188 -2.4 3.7 0.4 31,162 26,080 25,343 28,906 308,664 278,847 10.7

 Computers and related products........... 1,870 1,861 1,900 0.5 -2.1 -2.1 2,423 1,846 1,844 2,379 23,346 21,392 9.1

 Motor vehicle and parts......................... 55,002 54,120 53,277 1.6 1.6 5.8 54,531 53,946 55,022 54,169 630,960 575,545 9.6

 Capital goods...................................... 97,328 103,112 97,173 -5.6 6.1 -2.5 114,282 97,117 92,783 91,947 1,144,802 854,949 33.9

 Nondefense capital goods3.................. 87,507 89,478 85,132 -2.2 5.1 0.4 98,888 85,587 82,360 77,157 1,001,785 717,976 39.5

 Excluding aircraft............................. 79,183 78,973 78,819 0.3 0.2 0.8 84,697 75,197 77,745 75,978 914,503 795,405 15.0

 Defense capital goods4........................ 9,821 13,634 12,041 -28.0 13.2 -18.7 15,394 11,530 10,423 14,790 143,017 136,973 4.4

 Consumer goods.................................. 215,772 215,285 213,790 0.2 0.7 2.9 215,794 215,064 218,143 192,309 2,449,142 2,145,442 14.2

 Consumer durable goods..................... 39,519 38,188 37,256 3.5 2.5 5.4 40,397 38,317 38,702 40,556 448,772 413,861 8.4

 Consumer nondurable goods.............. 176,253 177,097 176,534 -0.5 0.3 2.4 175,397 176,747 179,441 151,753 2,000,370 1,731,581 15.5

 All manufacturing industries5...................... 1,267,692 1,261,508 1,251,000 0.5 0.8 0.3 1,261,313 1,245,397 1,239,129 1,174,611 (X) (X) 7.4

 Construction materials and supplies....... 79,488 78,326 77,471 1.5 1.1 0.6 76,909 76,117 76,518 57,797 (X) (X) 33.1

 Information technology......................... 127,456 126,341 124,479 0.9 1.5 0.9 126,680 124,917 123,783 116,803 (X) (X) 8.5

 Computers and related products........... 1,366 1,411 1,445 -3.2 -2.4 -2.4 1,366 1,411 1,445 1,545 (X) (X) -11.6

 Motor vehicle and parts......................... 28,390 28,451 28,465 -0.2 0.0 1.3 28,661 27,838 27,313 24,847 (X) (X) 15.3

 Capital goods...................................... 964,411 961,410 951,932 0.3 1.0 0.4 960,519 950,624 944,367 906,453 (X) (X) 6.0

 Nondefense capital goods3.................. 775,735 770,217 761,803 0.7 1.1 0.6 773,303 765,101 757,160 716,725 (X) (X) 7.9

 Excluding aircraft............................. 243,113 241,285 238,655 0.8 1.1 1.2 239,704 238,848 236,710 213,910 (X) (X) 12.1

 Defense capital goods4........................ 188,676 191,193 190,129 -1.3 0.6 -0.3 187,216 185,523 187,207 189,728 (X) (X) -1.3

 Consumer goods.................................. 7,826 7,613 7,697 2.8 -1.1 -1.6 7,620 7,802 7,789 6,213 (X) (X) 22.6

 Consumer durable goods..................... 7,826 7,613 7,697 2.8 -1.1 -1.6 7,620 7,802 7,789 6,213 (X) (X) 22.6 

 All manufacturing industries....................... 773,046 770,850 764,728 0.3 0.8 0.9 755,398 770,838 767,376 692,792 (X) (X) 9.0

 Construction materials and supplies....... 85,337 84,351 83,283 1.2 1.3 1.6 83,562 82,908 82,053 71,958 (X) (X) 16.1

 Information technology......................... 42,580 42,201 41,817 0.9 0.9 0.7 41,266 42,527 42,050 38,738 (X) (X) 6.5

 Computers and related products........... 3,845 3,815 3,786 0.8 0.8 0.5 3,703 3,913 3,776 3,394 (X) (X) 9.1

 Motor vehicle and parts......................... 50,102 49,617 49,827 1.0 -0.4 -0.5 47,652 49,655 50,188 39,145 (X) (X) 21.7

 Capital goods...................................... 229,063 227,631 225,635 0.6 0.9 0.6 222,814 229,728 226,604 212,123 (X) (X) 5.0

 Nondefense capital goods3.................. 207,685 206,291 204,370 0.7 0.9 0.6 201,549 208,490 205,385 191,866 (X) (X) 5.0

 Excluding aircraft............................. 141,572 140,258 138,524 0.9 1.3 1.1 137,953 141,338 138,322 125,492 (X) (X) 9.9

 Defense capital goods4........................ 21,378 21,340 21,265 0.2 0.4 0.5 21,265 21,238 21,219 20,257 (X) (X) 5.0

 Consumer goods.................................. 233,046 234,997 233,616 -0.8 0.6 1.2 226,994 236,013 237,771 208,122 (X) (X) 9.1

 Consumer durable goods..................... 39,877 39,675 39,455 0.5 0.6 -0.2 37,599 40,186 40,161 30,882 (X) (X) 21.8

 Consumer nondurable goods................ 193,169 195,322 194,161 -1.1 0.6 1.4 189,395 195,827 197,610 177,240 (X) (X) 6.9

NEW ORDERS 

UNFILLED ORDERS 

TOTAL INVENTORIES 

X

 Not Applicable 

p

 Preliminary 

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

1

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

are not adjusted for price changes. 

2 Topical series are regroupings of the separate industry categories. 

3

 Nondefense capital goods industries include: small arms and ordnance; farm machinery and equipment; construction machinery; mining, oil, and gas field machinery; industrial machinery; vending, laundry, and other machinery; photographic equipment; 

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

communications equipment; search and navigation equipment; electromedical, measuring, and control instruments; electrical equipment; other electrical equipment, appliances, and components; heavy duty trucks; aircraft; railroad rolling stock; ships and 

boats; office and institutional furniture; and medical equipment and supplies. 

4

 Defense capital goods industries include: small arms and ordnance; communications equipment; aircraft; missiles, space vehicles, and parts; ships and boats; and search and navigation equipment. 

5 Estimates and percent changes exclude semiconductor industry data. 

6

 Based on year-to-date for shipments and new orders, but on same month prior year for unfilled orders and inventories. 

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

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

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, December Full Report, February 3, 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 December

Dec. Nov. Oct. Nov. - Oct. - Sep. - Dec. Nov. Oct. Dec. 2021/

2021p 2021r 2021 Dec. Nov. Oct. 2021p 2021r 2021 2020 2020

MATERIALS AND SUPPLIES

 All manufacturing industries....................... 278,931 278,625 275,316 0.1 1.2 1.8 276,114 277,147 275,155 240,237 14.9

 Durable goods industries.......................... 175,269 173,480 171,142 1.0 1.4 2.0 173,385 173,191 171,152 147,906 17.2

 Wood products................................... 6,068 6,080 6,036 -0.2 0.7 1.3 6,272 6,231 6,152 5,791 8.3

 Nonmetallic mineral products................. 6,392 6,368 6,269 0.4 1.6 0.9 6,340 6,312 6,217 5,748 10.3

 Primary metals.................................... 15,909 15,929 15,812 -0.1 0.7 2.8 16,086 16,084 15,968 13,097 22.8

 Fabricated metal products.......................... 26,165 25,687 24,953 1.9 2.9 1.9 26,018 25,451 24,751 20,303 28.1

 Machinery.......................................... 32,447 32,786 32,066 -1.0 2.2 5.8 31,865 32,823 31,930 26,919 18.4

 Computers and electronic products........ 23,060 22,650 22,438 1.8 0.9 0.6 22,710 22,803 22,618 20,772 9.3

 Electrical equipment, appliances,

 and components............................... 10,194 9,961 9,753 2.3 2.1 0.8 9,868 9,790 9,692 8,608 14.6

 Transportation equipment..................... 41,810 40,913 40,810 2.2 0.3 0.8 41,097 40,650 40,858 34,496 19.1

 Furniture and related products............... 4,204 4,161 4,069 1.0 2.3 0.9 4,173 4,110 4,023 3,600 15.9

 Miscellaneous products......................... 9,020 8,945 8,936 0.8 0.1 -0.2 8,956 8,937 8,943 8,572 4.5

 Nondurable goods industries...................... 103,662 105,145 104,174 -1.4 0.9 1.5 102,729 103,956 104,003 92,331 11.3

 Food products.................................... 23,268 23,137 22,949 0.6 0.8 -0.1 23,558 23,350 23,583 22,435 5.0

 Beverage and tobacco products........................ 5,540 5,591 5,474 -0.9 2.1 1.2 5,679 5,672 5,515 5,554 2.3

 Textiles.............................................. 1,326 1,314 1,295 0.9 1.5 1.1 1,324 1,300 1,278 1,151 15.0

 Textile products................................... 1,463 1,449 1,440 1.0 0.6 1.1 1,465 1,451 1,438 1,378 6.3

 Apparel............................................. 640 634 628 0.9 1.0 2.8 614 629 645 556 10.4

 Leather and allied products.................... 323 322 315 0.3 2.2 1.6 323 318 311 289 11.8

 Paper products.................................... 8,258 8,303 8,275 -0.5 0.3 1.3 8,282 8,268 8,187 7,640 8.4

 Printing ............................................. 3,157 3,102 3,085 1.8 0.6 0.4 3,109 3,106 3,128 2,795 11.2

 Petroleum and coal products................. 13,577 15,154 14,992 -10.4 1.1 7.6 12,604 14,039 14,449 9,552 32.0

 Chemical products................................ 32,858 32,929 32,562 -0.2 1.1 0.0 32,534 32,742 32,425 29,754 9.3

 Plastics and rubber products.................. 13,252 13,210 13,159 0.3 0.4 2.2 13,237 13,081 13,044 11,227 17.9

WORK IN PROCESS

 All manufacturing industries....................... 222,687 221,910 220,873 0.4 0.5 0.1 216,471 223,844 223,454 209,175 3.5

 Durable goods industries.......................... 170,303 168,871 168,109 0.8 0.5 -0.2 164,660 169,647 169,089 159,603 3.2

 Wood products................................... 2,483 2,390 2,332 3.9 2.5 1.0 2,462 2,354 2,307 2,187 12.6

 Nonmetallic mineral products................. 1,523 1,540 1,533 -1.1 0.5 1.5 1,461 1,473 1,462 1,441 1.4

 Primary metals.................................... 12,147 11,981 11,870 1.4 0.9 0.4 11,597 11,874 11,925 9,684 19.8

 Fabricated metal products.......................... 14,453 14,466 14,441 -0.1 0.2 0.7 14,041 14,393 14,384 12,996 8.0

 Machinery.......................................... 23,594 22,297 21,785 5.8 2.4 -2.3 22,584 22,730 21,790 18,906 19.5

 Computers and electronic products........ 13,127 13,125 13,214 0.0 -0.7 -0.9 12,636 12,945 12,959 12,878 -1.9

 Electrical equipment, appliances,

 and components............................... 4,197 4,130 4,139 1.6 -0.2 1.6 3,993 4,052 4,106 3,732 7.0

 Transportation equipment..................... 93,108 93,250 93,161 -0.2 0.1 -0.1 90,400 94,088 94,481 92,817 -2.6

 Furniture and related products............... 1,339 1,380 1,368 -3.0 0.9 1.6 1,324 1,413 1,360 1,175 12.7

 Miscellaneous products......................... 4,332 4,312 4,266 0.5 1.1 0.4 4,162 4,325 4,315 3,787 9.9

 Nondurable goods industries...................... 52,384 53,039 52,764 -1.2 0.5 1.3 51,811 54,197 54,365 49,572 4.5

 Food products.................................... 7,267 7,294 7,353 -0.4 -0.8 1.7 7,704 8,285 8,372 8,149 -5.5

 Beverage and tobacco products........................ 9,300 9,237 9,207 0.7 0.3 -0.7 9,552 9,490 9,464 9,801 -2.5

 Textiles.............................................. 608 598 591 1.7 1.2 1.9 590 596 595 550 7.3

 Textile products................................... 431 415 403 3.9 3.0 1.3 415 417 403 395 5.1

 Apparel............................................. 243 241 241 0.8 0.0 -0.4 221 235 248 216 2.3

 Leather and allied products.................... 90 90 91 0.0 -1.1 2.2 90 90 89 87 3.4

 Paper products.................................... 1,522 1,499 1,479 1.5 1.4 1.5 1,490 1,481 1,466 1,377 8.2

 Printing ............................................. 1,209 1,214 1,188 -0.4 2.2 0.2 1,172 1,256 1,292 1,078 8.7

 Petroleum and coal products................. 12,135 12,691 12,538 -4.4 1.2 3.2 11,267 12,446 12,697 8,113 38.9

 Chemical products................................ 15,987 16,142 16,031 -1.0 0.7 0.9 15,814 16,251 16,074 16,389 -3.5

 Plastics and rubber products.................. 3,592 3,618 3,642 -0.7 -0.7 0.9 3,496 3,650 3,665 3,417 2.3

FINISHED GOODS

 All manufacturing industries....................... 271,428 270,315 268,539 0.4 0.7 0.7 262,813 269,847 268,767 243,380 8.0

 Durable goods industries.......................... 128,342 128,019 127,504 0.3 0.4 0.4 123,765 127,933 126,438 114,152 8.4

 Wood products................................... 5,542 5,536 5,536 0.1 0.0 0.7 5,375 5,428 5,360 4,815 11.6

 Nonmetallic mineral products................. 7,398 7,296 7,262 1.4 0.5 1.2 7,207 7,050 7,029 6,794 6.1

 Primary metals.................................... 14,593 14,354 14,230 1.7 0.9 2.3 14,528 13,934 13,583 12,000 21.1

 Fabricated metal products.......................... 22,105 21,851 21,765 1.2 0.4 1.8 21,375 21,293 21,372 18,904 13.1

 Machinery.......................................... 22,436 22,521 22,602 -0.4 -0.4 -0.1 22,219 22,869 22,383 22,317 -0.4

 Computers and electronic products........ 11,890 11,987 11,799 -0.8 1.6 0.6 11,442 12,283 12,019 11,493 -0.4

 Electrical equipment, appliances,

 and components............................... 7,701 7,565 7,483 1.8 1.1 0.6 7,288 7,432 7,467 6,741 8.1

 Transportation equipment..................... 19,641 19,895 19,964 -1.3 -0.3 -3.1 17,693 20,481 20,250 15,706 12.7

 Furniture and related products............... 3,024 2,890 2,841 4.6 1.7 0.9 2,930 2,904 2,817 2,463 19.0

 Miscellaneous products......................... 14,012 14,124 14,022 -0.8 0.7 1.4 13,708 14,259 14,158 12,919 6.1

 Nondurable goods industries...................... 143,086 142,296 141,035 0.6 0.9 0.9 139,048 141,914 142,329 129,228 7.6

 Food products.................................... 32,858 32,550 32,486 0.9 0.2 0.1 32,215 33,120 34,159 31,265 3.0

 Beverage and tobacco products........................ 12,033 12,006 11,911 0.2 0.8 0.5 11,742 11,974 11,940 11,193 4.9

 Textiles.............................................. 1,377 1,374 1,334 0.2 3.0 1.3 1,381 1,367 1,329 1,294 6.7

 Textile products................................... 2,310 2,289 2,257 0.9 1.4 2.4 2,285 2,291 2,257 2,135 7.0

 Apparel............................................. 1,038 1,000 967 3.8 3.4 1.9 945 978 1,015 865 9.2

 Leather and allied products.................... 472 457 462 3.3 -1.1 -2.5 465 453 454 503 -7.6

 Paper products.................................... 6,296 6,252 6,217 0.7 0.6 -0.1 6,207 6,118 6,098 6,064 2.4

 Printing ............................................. 1,722 1,737 1,747 -0.9 -0.6 -0.4 1,679 1,744 1,797 1,840 -8.8

 Petroleum and coal products................. 17,445 18,203 18,298 -4.2 -0.5 4.5 16,971 18,266 18,322 13,644 24.4

 Chemical products................................ 54,255 53,347 52,519 1.7 1.6 0.4 52,302 52,630 52,235 48,691 7.4

 Plastics and rubber products.................. 13,280 13,081 12,837 1.5 1.9 0.7 12,856 12,973 12,723 11,734 9.6

p

 Preliminary 

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

1

 Estimates of shipments and new orders are for the duration of the period, while estimates of unfilled orders and total inventories are for the end of the period. Not seasonally adjusted estimates of shipments and new orders include adjusted data for 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, December Full Report, February 3, 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 Dec Nov Oct Sep Dec Nov Oct Sep

2021p 2021r 2021 2021 2021p 2021r 2021 2021

All manufacturing industries3

.................................... 1.46 1.46 1.46 1.48 (X) (X) (X) (X)

Durable goods industries3

........................................ 1.78 1.78 1.78 1.80 6.81 6.79 6.77 6.82

 Wood products........................................................... 1.20 1.20 1.21 1.21 (X) (X) (X) (X)

 Nonmetallic mineral products............................. 1.25 1.25 1.27 1.27 (X) (X) (X) (X)

 Primary metals............................................................ 1.72 1.72 1.70 1.71 1.65 1.65 1.65 1.71

 Fabricated metal products...................................... 1.70 1.70 1.69 1.69 2.94 2.95 2.95 2.99

 Machinery..................................................................... 2.09 2.09 2.06 2.02 3.42 3.41 3.40 3.38

 Computers and electronic products3

................... 1.64 1.64 1.64 1.62 5.35 5.34 5.30 5.27

 Electrical equipment, appliances,

 and components.................................................... 1.69 1.67 1.66 1.68 2.71 2.70 2.67 2.67

 Transportation equipment..................................... 1.99 2.01 2.04 2.12 16.77 16.64 16.58 16.73

 Furniture and related products............................ 1.43 1.41 1.35 1.35 2.30 2.23 2.16 2.20

 Miscellaneous products.......................................... 1.59 1.60 1.62 1.62 (X) (X) (X) (X)

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

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

 Beverage and tobacco products........................... 1.85 1.91 1.90 1.87 (X) (X) (X) (X)

 Textiles.......................................................................... 1.39 1.40 1.39 1.39 (X) (X) (X) (X)

 Textile products......................................................... 2.21 2.20 2.20 2.15 (X) (X) (X) (X)

 Apparel........................................................................ 2.16 2.13 2.11 2.08 (X) (X) (X) (X)

 Leather and allied products................................ 2.02 2.04 2.02 1.93 (X) (X) (X) (X)

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

 Printing........................................................................ 0.88 0.88 0.88 0.91 (X) (X) (X) (X)

 Petroleum and coal products............................... 0.76 0.80 0.80 0.82 (X) (X) (X) (X)

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

 Plastics and rubber products................................ 1.34 1.33 1.34 1.35 (X) (X) (X) (X)

Dec3 Dec3 Dec3 Dec3

Industry 2020- 2020- 2020- 2020-

Dec2 Nov Dec2 Nov Dec2 Nov Dec2 Nov

2021 2021 2021 2021 2021 2021 2021 2021

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

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

 Primary metals............................................. 0.1 0.7 0.1 1.0 0.0 0.3 0.0 0.2

 Fabricated metal products.................... 0.2 0.3 0.4 0.9 0.1 0.3 0.1 0.1

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

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

 Electrical equipment, appliances,

 and components..................................... 0.2 0.3 0.6 1.0 0.1 0.3 0.1 0.2

 Transportation equipment.................... 0.3 0.8 0.2 1.7 0.0 0.1 0.0 0.1

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

 Miscellaneous products.......................... (X) 0.4 (X) 0.4 (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) 0.2 (X) (NA) (X) (NA) (X) 0.2

 Textiles.......................................................... (X) 0.5 (X) (NA) (X) (NA) (X) 0.1

 Textile products......................................... (X) 0.5 (X) (NA) (X) (NA) (X) 0.3

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

 Leather and allied products.................. (X) 1.0 (X) (NA) (X) (NA) (X) 0.3

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

 Printing.......................................................... (X) 0.3 (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, December Full Report, February 3, 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, December Full Report, February 3, 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