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FOR RELEASE AT 8:30 AM EDT, WEDNESDAY, APRIL 26, 2023 

MONTHLY ADVANCE REPORT ON DURABLE GOODS MANUFACTURERS’ SHIPMENTS, 

INVENTORIES AND ORDERS MARCH 2023 

Release Number: CB 23-59 M3-1 (23)-03 

April 26, 2023 — The U.S. Census Bureau announces the March advance report on durable goods 

manufacturers’ shipments, inventories and orders:

New Orders

New orders for manufactured durable goods in March, up following two consecutive monthly decreases, 

increased $8.6 billion or 3.2 percent to $276.4 billion, the U.S. Census Bureau announced today. This

followed a 1.2 percent February decrease. Excluding transportation, new orders increased 0.3 percent. 

Excluding defense, new orders increased 3.5 percent. Transportation equipment, also up following two 

consecutive monthly decreases, led the increase, $8.1 billion or 9.1 percent to $97.4 billion.

Shipments

Shipments of manufactured durable goods in March, up following two consecutive monthly decreases, 

increased $2.9 billion or 1.1 percent to $277.0 billion. This followed a 0.8 percent February decrease. 

Transportation equipment, also up following two consecutive monthly decreases, drove the increase, $3.3

billion or 3.7 percent to $93.3 billion.

DURABLE GOODS – NEW ORDERS

MARCH 2023 $276.4 billion +3.2%°

 FEBRUARY 2023

(revised) $267.8 billion -1.2%°

Next release: May 26, 2023 

Data adjusted for seasonal variation but not for price changes.

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

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

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

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories and Orders, April 26, 

2023.

0.4% 0.8%

2.3%

-0.1%

0.2% 0.2%

0.7%

-1.8%

5.1%

-5.0%

-1.2%

3.2%

-6.0%

-5.0%

-4.0%

-3.0%

-2.0%

-1.0%

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%

Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Jan-23 Feb-23 Mar-23

DURABLE GOODS NEW ORDERS 2022-2023

Seasonally Adjusted, Month-To-Month Percentage Change

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders, April 26, 2023.
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Unfilled Orders

Unfilled orders for manufactured durable goods in March, up thirty of the last thirty-one months, 

increased $4.6 billion or 0.4 percent to $1,160.2 billion. This followed a 0.1 percent February decrease. 

Transportation equipment, up twenty-two of the last twenty-three months, led the increase, $4.1 billion or

0.6 percent to $688.0 billion.

Inventories

Inventories of manufactured durable goods in March, down two of the last three months, decreased $4.4

billion or 0.9 percent to $488.8 billion. This followed a 0.1 percent February increase. Transportation 

equipment, also down two of the last three months, drove the decrease, $4.4 billion or 2.8 percent to 

$154.1 billion. 

Capital Goods

Nondefense new orders for capital goods in March increased $8.4 billion or 10.4 percent to $89.6 billion. 

Shipments increased $3.0 billion or 3.6 percent to $85.8 billion. Unfilled orders increased $3.8 billion or 

0.6 percent to $666.1 billion. Inventories decreased $3.7 billion or 1.7 percent to $215.2 billion. Defense 

new orders for capital goods in March decreased $0.1 billion or 0.5 percent to $14.5 billion. Shipments

decreased $0.1 billion or 0.8 percent to $14.5 billion. Unfilled orders decreased less than $0.1 billion or 

virtually unchanged to $188.9 billion. Inventories decreased $0.1 billion or 0.4 percent to $23.1 billion.

Revised February Data

Revised seasonally adjusted February figures for all manufacturing industries were: new orders, $534.1

billion (revised from $536.4 billion); shipments, $540.3 billion (revised from $542.8 billion); unfilled orders, 

$1,155.6 billion (unchanged) and total inventories, $805.8 billion (revised from $806.3 billion).

Revised and more detailed estimates, plus nondurable goods data, will be published on May 2, 2023, at

10:00 a.m. EDT. The Advance Report on durable goods for April is scheduled for release on May 26, 2023, 

at 8:30 a.m. EDT. View the full schedule in the Economic Briefing Room: <www.census.gov/economicindicators/>. 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.
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Description of the survey 

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

revisions made later than two months will be reflected in the annual benchmark publication. Additional 

survey documentation can be found on our web site: 

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

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

issued on May 12, 2023. These revisions result from

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

Manufactures (ASM) data; 

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

Manufacturers’ Unfilled Orders (M3UFO) Survey;

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

orders data;

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

previously reported data;

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

review of the seasonal adjustment models. 

These revisions will span the seasonally adjusted data for January 2012 through March 2023 and the data 

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

revised monthly tables for January 2023 through March 2023.

RESOURCES

API

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

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

before.

<www.census.gov/developers/> 

FRED Mobile App

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

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

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

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

###
Table 1. Durable Goods Manufacturers' Shipments and New Orders 1

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

Seasonally Adjusted Not Seasonally Adjusted 

Monthly Percent Change Monthly Year to Date

Item Percent

Mar Feb Jan Feb - Jan - Dec - Mar Feb Mar Change

2023 2 2023 r 2023 Mar 2 Feb r Jan 2023 2 2023 r 2022 2023 2022 2023/2022

DURABLE GOODS

 Total:

 Shipments................................ 276,950 274,019 276,335 1.1 -0.8 -0.4 304,453 255,346 288,250 808,933 763,717 5.9

 New Orders4

.............................. 276,405 267,765 271,061 3.2 -1.2 -5.0 310,111 252,737 294,088 812,896 786,685 3.3

 Excluding transportation:

 Shipments................................ 183,658 184,067 184,838 -0.2 -0.4 0.6 196,638 170,631 194,152 536,254 522,711 2.6

 New Orders4.............................. 179,007 178,485 178,954 0.3 -0.3 0.4 195,657 168,382 194,009 531,653 524,031 1.5

 Excluding defense:

 Shipments................................ 260,219 257,166 259,236 1.2 -0.8 -0.4 285,745 239,129 270,693 759,747 717,713 5.9

 New Orders4.............................. 259,365 250,664 252,810 3.5 -0.8 -5.5 287,814 236,780 274,214 759,946 740,748 2.6

 Manufacturing with unfilled orders:

 Shipments................................ 191,782 188,946 189,905 1.5 -0.5 -0.5 211,234 176,329 198,734 558,993 529,299 5.6

 New Orders.............................. 196,363 187,871 189,939 4.5 -1.1 -6.8 221,278 178,569 208,916 578,007 566,361 2.1

 Primary metals:

 Shipments................................ 20,106 20,133 20,200 -0.1 -0.3 1.3 21,940 19,393 22,413 61,134 61,307 -0.3

 New Orders.............................. 20,103 20,085 20,140 0.1 -0.3 1.0 22,158 20,007 22,667 62,423 63,189 -1.2

 Fabricated metal products:

 Shipments................................ 36,445 36,379 36,281 0.2 0.3 -0.3 38,467 34,129 38,644 106,637 106,211 0.4

 New Orders.............................. 36,248 36,197 35,936 0.1 0.7 -0.6 39,997 34,746 40,571 109,558 110,550 -0.9

 Machinery:

 Shipments................................ 37,963 38,321 38,516 -0.9 -0.5 0.7 42,422 36,191 41,472 113,253 108,639 4.2

 New Orders.............................. 38,079 38,057 38,481 0.1 -1.1 0.8 42,258 36,960 41,594 116,373 113,820 2.2

 Computers and electronic products4:

 Shipments................................ 29,361 29,466 29,571 -0.4 -0.4 0.1 31,056 26,473 30,200 84,351 81,044 4.1

 New Orders.............................. 24,697 24,232 24,187 1.9 0.2 0.2 28,173 21,469 27,266 70,597 68,887 2.5

 Computers and related products:

 Shipments................................ 2,386 2,339 2,389 2.0 -2.1 5.1 2,611 1,818 2,028 6,560 5,013 30.9

 New Orders.............................. 2,370 2,329 2,409 1.8 -3.3 6.2 2,595 1,808 2,030 6,554 4,999 31.1

 

 Communications equipment:

 Shipments................................ 3,127 3,181 3,146 -1.7 1.1 -0.6 3,630 2,633 3,713 8,749 9,024 -3.0

 New Orders.............................. 3,043 3,048 3,137 -0.2 -2.8 -2.3 3,623 2,622 3,992 8,699 9,483 -8.3

 Electrical equipment, appliances, 

 and components: 

 Shipments................................ 14,205 14,071 14,217 1.0 -1.0 3.5 15,573 12,884 14,453 40,921 37,340 9.6

 New Orders.............................. 14,333 14,224 14,179 0.8 0.3 1.9 15,755 13,420 14,838 42,215 38,953 8.4

 Transportation equipment: 

 Shipments................................ 93,292 89,952 91,497 3.7 -1.7 -2.4 107,815 84,715 94,098 272,679 241,006 13.1

 New Orders.............................. 97,398 89,280 92,107 9.1 -3.1 -14.0 114,454 84,355 100,079 281,243 262,654 7.1

 Motor vehicles and parts:

 Shipments................................ 61,412 61,262 62,112 0.2 -1.4 -0.3 70,884 59,150 65,873 186,365 168,760 10.4

 New Orders.............................. 61,522 61,553 62,166 -0.1 -1.0 0.0 70,900 60,138 66,089 187,717 170,181 10.3 

 Nondefense aircraft and parts:

 Shipments................................ 15,563 12,205 12,586 27.5 -3.0 -13.6 18,723 9,663 11,416 38,220 28,003 36.5

 New Orders.............................. 19,668 11,024 12,037 78.4 -8.4 -56.3 22,996 8,500 15,367 42,658 47,888 -10.9

 Defense aircraft and parts:

 Shipments................................ 5,500 5,498 5,758 0.0 -4.5 1.1 6,184 5,058 6,039 15,969 15,288 4.5

 New Orders.............................. 6,161 5,580 6,048 10.4 -7.7 2.6 7,517 4,567 5,923 17,627 13,860 27.2

 All other durable goods: 

 Shipments................................ 45,578 45,697 46,053 -0.3 -0.8 0.4 47,180 41,561 46,970 129,958 128,170 1.4

 New Orders.............................. 45,547 45,690 46,031 -0.3 -0.7 0.3 47,316 41,780 47,073 130,487 128,632 1.4

 Capital goods3

:

 Shipments................................ 100,318 97,428 98,539 3.0 -1.1 -1.7 112,667 89,235 102,159 287,882 265,982 8.2

 New Orders.............................. 104,041 95,706 98,705 8.7 -3.0 -13.6 119,891 88,744 110,060 298,860 294,598 1.4

 Nondefense capital goods:

 Shipments................................ 85,791 82,788 83,685 3.6 -1.1 -1.7 96,453 74,995 86,898 244,994 225,676 8.6

 New Orders.............................. 89,554 81,153 83,093 10.4 -2.3 -16.2 100,530 75,200 92,344 253,503 253,854 -0.1

 Excluding aircraft:

 Shipments........................... 74,659 74,984 75,301 -0.4 -0.4 0.9 82,715 69,627 79,483 220,130 208,853 5.4

 New Orders.......................... 74,321 74,600 75,127 -0.4 -0.7 0.5 82,584 71,035 81,019 224,403 217,147 3.3

 Defense capital goods:

 Shipments................................ 14,527 14,640 14,854 -0.8 -1.4 -1.3 16,214 14,240 15,261 42,888 40,306 6.4

 New Orders.............................. 14,487 14,553 15,612 -0.5 -6.8 2.8 19,361 13,544 17,716 45,357 40,744 11.3

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

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

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

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

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

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

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

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

peripheral equipment; communications equipment; search and navigation equipment; electromedical, measuring, and control instruments; electrical equipment; other electrical equipment, appliances, and components; heavy duty trucks; aircraft; 

railroad rolling stock; ships and boats; office and institutional furniture; and medical equipment and supplies. Defense Capital Goods include : small arms and ordnance, communications equipment, aircraft; missiles, space vehicles, and parts, ships and 

boats, and search and navigation equipment. 

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

exclude semiconductor industry data. 

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, March Advance Report, April 26, 2023. Information on data sources and methodology can be found on our website at 

<www.census.gov/manufacturing/m3/how_the_data_are_collected/index.html>. 
Table 2. Durable Goods Manufacturers' Unfilled Orders and Total Inventories 1

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

Seasonally Adjusted Not Seasonally Adjusted 

Monthly Percent Change Monthly Percent

Item Change

Mar Feb Jan Feb - Jan - Dec - Mar Feb Mar 2023/

2023 2 2023 r 2023 Mar 2 Feb r Jan 2023 2 2023 2 2022 2022

DURABLE GOODS

 Total:

 Unfilled Orders4

......................... 1,160,180 1,155,599 1,156,674 0.4 -0.1 0.0 1,172,049 1,162,005 1,111,663 5.4

 Total Inventories....................... 488,755 493,108 492,777 -0.9 0.1 -0.2 488,671 495,277 476,565 2.5

 Excluding transportation:

 Unfilled Orders4

......................... 472,218 471,743 472,146 0.1 -0.1 -0.1 476,199 472,794 471,786 0.9

 Total Inventories....................... 334,627 334,617 334,553 0.0 0.0 -0.1 335,347 336,481 321,371 4.3

 Excluding defense:

 Unfilled Orders4........................... 942,486 938,214 939,537 0.5 -0.1 -0.1 950,715 944,260 899,942 5.6

 Total Inventories....................... 461,613 465,894 465,525 -0.9 0.1 -0.2 461,551 468,192 450,577 2.4

 Manufacturing with unfilled orders:

 Unfilled Orders......................... 1,160,180 1,155,599 1,156,674 0.4 -0.1 0.0 1,172,049 1,162,005 1,111,663 5.4

 Total Inventories....................... 391,561 395,699 395,580 -1.0 0.0 -0.2 391,540 396,282 382,060 2.5

 Primary metals:

 Unfilled Orders......................... 30,445 30,448 30,496 0.0 -0.2 -0.2 31,349 31,131 32,127 -2.4

 Total Inventories....................... 38,280 38,431 38,381 -0.4 0.1 -0.2 38,234 38,640 38,430 -0.5

 Fabricated metal products:

 Unfilled Orders......................... 116,516 116,713 116,895 -0.2 -0.2 -0.3 117,031 115,501 118,309 -1.1

 Total Inventories....................... 62,179 62,112 62,253 0.1 -0.2 -0.2 62,398 62,245 61,631 1.2

 Machinery: 

 Unfilled Orders......................... 133,108 132,992 133,256 0.1 -0.2 0.0 134,130 134,294 130,103 3.1

 Total Inventories....................... 89,062 88,895 88,663 0.2 0.3 0.3 89,957 89,487 81,484 10.4

 Computers and electronic products4:

 Unfilled Orders......................... 140,398 139,936 139,991 0.3 0.0 -0.1 141,546 140,043 140,939 0.4

 Total Inventories....................... 52,882 52,939 53,069 -0.1 -0.2 -0.3 52,148 52,976 50,844 2.6

 Computers and related products:

 Unfilled Orders......................... 1,171 1,187 1,197 -1.3 -0.8 1.7 1,171 1,187 1,205 -2.8

 Total Inventories....................... 3,791 3,728 3,754 1.7 -0.7 -2.4 3,613 3,662 3,628 -0.4 

 Communications equipment:

 Unfilled Orders......................... 20,719 20,803 20,936 -0.4 -0.6 0.0 21,037 21,044 21,801 -3.5

 Total Inventories....................... 5,456 5,465 5,523 -0.2 -1.1 -0.9 5,348 5,459 5,240 2.1

 Electrical equipment, appliances, 

 and components: 

 Unfilled Orders......................... 40,612 40,484 40,331 0.3 0.4 -0.1 40,954 40,772 38,414 6.6

 Total Inventories....................... 23,930 23,850 23,745 0.3 0.4 -0.7 24,110 24,162 22,415 7.6

 Transportation equipment: 

 Unfilled Orders......................... 687,962 683,856 684,528 0.6 -0.1 0.1 695,850 689,211 639,877 8.7

 Total Inventories....................... 154,128 158,491 158,224 -2.8 0.2 -0.3 153,324 158,796 155,194 -1.2

 Motor vehicles and parts:

 Unfilled Orders......................... 28,054 27,944 27,653 0.4 1.1 0.2 29,093 29,077 29,168 -0.3

 Total Inventories....................... 51,415 51,809 51,842 -0.8 -0.1 0.4 51,139 52,481 50,675 0.9 

 Nondefense Aircraft and parts:

 Unfilled Orders......................... 468,405 464,300 465,481 0.9 -0.3 -0.1 472,131 467,858 425,218 11.0

 Total Inventories....................... 71,770 75,841 75,559 -5.4 0.4 -1.2 71,301 75,629 75,570 -5.6

 Defense Aircraft and parts: 

 Unfilled Orders......................... 60,875 60,214 60,132 1.1 0.1 0.5 61,959 60,626 57,130 8.5

 Total Inventories....................... 12,909 12,890 12,943 0.1 -0.4 1.2 12,853 12,908 12,681 1.4

 All other durable goods: 

 Unfilled Orders......................... 11,139 11,170 11,177 -0.3 -0.1 -0.2 11,189 11,053 11,894 -5.9

 Total Inventories....................... 68,294 68,390 68,442 -0.1 -0.1 -0.2 68,500 68,971 66,567 2.9

 Capital goods3:

 Unfilled Orders......................... 854,980 851,257 852,979 0.4 -0.2 0.0 863,064 855,840 808,787 6.7

 Total Inventories....................... 238,273 242,065 241,565 -1.6 0.2 -0.2 237,755 242,031 230,664 3.1

 Nondefense capital goods:

 Unfilled Orders......................... 666,075 662,312 663,947 0.6 -0.2 -0.1 671,062 666,985 619,806 8.3

 Total Inventories....................... 215,196 218,897 218,350 -1.7 0.3 -0.3 214,644 219,010 208,572 2.9

 Excluding aircraft: 

 Unfilled Orders.................... 266,485 266,823 267,207 -0.1 -0.1 -0.1 268,391 268,522 264,588 1.4

 Total Inventories................... 154,258 153,883 153,576 0.2 0.2 0.2 154,172 154,204 143,548 7.4

 Defense capital goods:

 Unfilled Orders......................... 188,905 188,945 189,032 0.0 0.0 0.4 192,002 188,855 188,981 1.6

 Total Inventories....................... 23,077 23,168 23,215 -0.4 -0.2 0.9 23,111 23,021 22,092 4.6

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

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

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

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

2

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

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

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

3

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

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

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

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

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

4

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

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

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, March Advance Report, April 26, 2023. Information on data sources and methodology can be found on our website at 

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