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FOR RELEASE AT 8:30 AM EDT, THURSDAY, JULY 27, 2017 

MONTHLY ADVANCE REPORT ON MANUFACTURERS’ SHIPMENTS, 

INVENTORIES AND ORDERS JUNE 2017 

Release Number: CB 17-118 M3-1 (17)-06 

July 27, 2017 — The U.S. Census Bureau announces the June advance report on manufacturers’ shipments, 

inventories and orders: 

New Orders 

New orders for manufactured durable goods in June increased $14.9 billion or 6.5 percent to $245.6 billion, 

the U.S. Census Bureau announced today. This increase, up following two consecutive monthly decreases, 

followed a 0.1 percent May decrease. Excluding transportation, new orders increased 0.2 percent. 

Excluding defense, new orders increased 6.7 percent. Transportation equipment, also up following two 

consecutive monthly decreases, led the increase, $14.6 billion or 19.0 percent to $91.6 billion. 

Shipments 

Shipments of manufactured durable goods in June, down three of the last four months, decreased $0.1 

billion or virtually unchanged to $236.0 billion. This followed a 1.2 percent May increase. Transportation 

equipment, down five of the last six months, drove the decrease, $0.4 billion or 0.6 percent to $78.8 billion. 

Unfilled Orders 

Unfilled orders for manufactured durable goods in June, up three of the last four months, increased $14.2 

billion or 1.3 percent to $1,135.6 billion. This followed a 0.1 percent May decrease. Transportation 

equipment, also up three of the last four months, led the increase, $12.8 billion or 1.7 percent to $776.8 

billion. 

DURABLE GOODS – NEW ORDERS

JUNE 2017 $245.6 billion             +6.5%°   

MAY 2017  

(revised) $230.7 billion             ‐0.1%°

Next release: August 25, 2017

Data adjusted for seasonal variation but not for price changes. 

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

°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.

Jul-16 Aug-16 Sep-16 Oct-16 Nov-16 Dec-16 Jan-17 Feb-17 Mar-17 Apr-17 May-17 Jun-17

% Change 4.1% 0.6% -0.5% 6.1% -4.6% 0.3% 0.3% 1.4% 2.4% -0.8% -0.1% 6.5%

-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%

7.0%

DURABLE GOODS NEW ORDERS 2016-2017

Seasonally Adjusted, Month-To-Month Percentage Change

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

Inventories of manufactured durable goods in June, up eleven of the last twelve months, increased $1.6 

billion or 0.4 percent to $397.0 billion. This followed a 0.1 percent May increase. Machinery, up seven of 

the last eight months, led the increase, $0.8 billion or 1.2 percent to $68.3 billion. 

Capital Goods 

Nondefense new orders for capital goods in June increased $14.7 billion or 21.0 percent to $84.6 billion. 

Shipments increased $0.3 billion or 0.4 percent to $70.9 billion. Unfilled orders increased $13.8 billion or 

2.0 percent to $709.8 billion. Inventories increased $1.0 billion or 0.6 percent to $177.6 billion. Defense 

new orders for capital goods in June increased $0.4 billion or 3.8 percent to $9.7 billion. Shipments 

decreased $0.2 billion or 2.2 percent to $10.0 billion. Unfilled orders decreased $0.3 billion or 0.2 percent 

to $140.3 billion. Inventories increased less than $0.1 billion or 0.1 percent to $22.5 billion. 

Revised May Data

Revised seasonally adjusted May figures for all manufacturing industries were: new orders, $466.8 billion 

(revised from $464.9 billion); shipments, $472.3 billion (revised from $471.5 billion); unfilled orders, 

$1,121.4 billion (revised from $1,120.2 billion) and total inventories, $648.4 billion (revised from $648.9 

billion). 

Revised and more detailed estimates, plus nondurable goods data, will be published on August 3, 2017, at 

10:00 a.m. EDT. The Advance Report on durable goods for July is scheduled for release on August 25, 

2017 at 8:30 a.m. EDT. View the full schedule in the Economic Briefing 

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

<www.census.gov/m3>. 

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-in-process, 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 month-to-month change for 
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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-tomonth changes of the total operations of the reporting units in the M3 panel effectively represent the monthto-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 64 percent of the total 

value of shipments for manufacturing establishments in the 2012 Economic Census, and these companies 

include almost two-thirds of the manufacturing companies with $500 million or more in shipments in the 

2012 Economic Census. The companies for which shipments data are currently reported in the M3 survey 

represent approximately 57 percent of the total value of shipments for manufacturing establishments in the 

2012 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>. 

America’s Economy Mobile App

The America’s Economy app provides real-time updates for 19 key economic indicators released from the 

Census Bureau, Bureau of Labor Statistics, and Bureau of Economic Analysis. 

<www.census.gov/mobile/economy/> 

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/> 

‐X‐ 
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

Jun May Apr May - Apr - Mar - Jun May Jun Change

2017 2 2017 r 2017 Jun 2 May r Apr 2017 2 2017 r 2016 2017 2016 2017/2016

DURABLE GOODS

 Total: 

 Shipments................................ 236,029 236,144 233,336 0.0 1.2 -0.2 257,700 243,050 247,098 1,409,202 1,368,451 3.0

 New Orders4

.............................. 245,568 230,684 230,986 6.5 -0.1 -0.8 266,932 232,160 232,844 1,398,411 1,331,278 5.0

 Excluding transportation:

 Shipments................................ 157,241 156,914 155,935 0.2 0.6 -0.1 170,600 161,295 161,748 935,350 895,617 4.4

 New Orders4

.............................. 153,943 153,679 152,746 0.2 0.6 -0.4 165,192 158,132 155,793 926,836 883,298 4.9

 Excluding defense:

 Shipments................................ 223,939 223,861 221,265 0.0 1.2 -0.1 244,290 231,256 234,249 1,337,663 1,301,798 2.8

 New Orders4

.............................. 233,967 219,375 218,413 6.7 0.4 -0.8 252,255 223,340 219,971 1,328,546 1,264,344 5.1

 Manufacturing with unfilled orders:

 Shipments................................ 166,047 166,162 164,416 -0.1 1.1 -0.1 182,355 171,104 173,938 989,692 951,281 4.0

 New Orders.............................. 180,274 165,146 166,284 9.2 -0.7 -1.1 195,541 163,755 163,020 1,004,422 936,818 7.2

 Primary metals:

 Shipments................................ 19,293 19,393 19,172 -0.5 1.2 0.0 20,448 20,506 18,613 117,315 106,364 10.3

 New Orders.............................. 19,412 19,389 19,408 0.1 -0.1 0.2 20,275 20,104 18,177 118,472 107,567 10.1

 Fabricated metal products:

 Shipments................................ 31,909 31,707 31,176 0.6 1.7 0.0 34,157 33,140 31,377 188,188 176,030 6.9

 New Orders.............................. 32,369 32,152 31,859 0.7 0.9 -1.0 33,866 34,145 30,666 194,087 179,339 8.2

 Machinery:

 Shipments................................ 30,929 30,942 30,774 0.0 0.5 0.3 34,015 32,291 32,236 186,723 182,894 2.1

 New Orders.............................. 31,624 31,562 30,838 0.2 2.3 -0.3 33,693 32,322 30,652 190,860 180,704 5.6

 Computers and electronic products4

:

 Shipments................................ 26,549 26,387 26,310 0.6 0.3 -0.3 29,380 24,921 28,355 154,503 147,642 4.6

 New Orders.............................. 22,006 22,071 22,133 -0.3 -0.3 1.0 24,982 20,951 25,194 131,445 129,385 1.6

 Computers and related products:

 Shipments................................ 1,903 1,952 1,983 -2.5 -1.6 3.5 2,773 1,715 2,811 11,474 11,732 -2.2

 New Orders.............................. 1,947 1,951 1,999 -0.2 -2.4 4.2 2,817 1,714 2,806 11,601 11,703 -0.9

 Communications equipment:

 Shipments................................ 2,975 2,986 2,954 -0.4 1.1 -2.0 3,672 2,863 3,646 17,339 16,798 3.2

 New Orders.............................. 3,063 3,016 3,123 1.6 -3.4 3.6 3,613 2,594 3,745 18,792 18,425 2.0

 Electrical equipment, appliances, 

 and components: 

 Shipments................................ 10,081 10,068 10,045 0.1 0.2 -1.0 10,935 10,234 10,657 59,535 58,521 1.7

 New Orders.............................. 10,026 10,201 10,112 -1.7 0.9 -2.2 10,899 10,306 10,777 61,128 60,402 1.2

 Transportation equipment: 

 Shipments................................ 78,788 79,230 77,401 -0.6 2.4 -0.2 87,100 81,755 85,350 473,852 472,834 0.2

 New Orders.............................. 91,625 77,005 78,240 19.0 -1.6 -1.6 101,740 74,028 77,051 471,575 447,980 5.3

 Motor vehicles and parts:

 Shipments................................ 54,181 54,536 53,621 -0.7 1.7 0.6 58,594 57,064 56,782 330,218 327,630 0.8

 New Orders.............................. 54,324 54,678 53,840 -0.6 1.6 0.6 58,203 57,222 56,019 330,970 325,917 1.6

 Nondefense aircraft and parts:

 Shipments................................ 12,047 11,938 11,319 0.9 5.5 -2.4 14,485 11,801 14,863 68,542 72,393 -5.3

 New Orders.............................. 25,328 10,953 11,113 131.2 -1.4 -12.2 28,430 7,049 7,578 67,856 51,812 31.0

 Defense aircraft and parts:

 Shipments................................ 4,094 4,085 3,823 0.2 6.9 -3.8 4,854 3,947 4,510 23,072 22,856 0.9

 New Orders.............................. 3,517 3,528 5,372 -0.3 -34.3 7.5 4,632 2,917 5,113 25,024 25,187 -0.6

 All other durable goods: 

 Shipments................................ 38,480 38,417 38,458 0.2 -0.1 -0.3 41,665 40,203 40,510 229,086 224,166 2.2

 New Orders.............................. 38,506 38,304 38,396 0.5 -0.2 -0.4 41,477 40,304 40,327 230,844 225,901 2.2

 Capital goods3

:

 Shipments................................ 80,894 80,854 80,080 0.0 1.0 0.0 90,515 81,282 87,536 477,766 469,048 1.9

 New Orders.............................. 94,348 79,292 80,029 19.0 -0.9 -1.9 104,943 73,772 78,105 484,717 454,480 6.7

 Nondefense capital goods:

 Shipments................................ 70,850 70,587 69,868 0.4 1.0 -0.2 79,595 71,362 77,249 417,899 414,659 0.8

 New Orders.............................. 84,626 69,924 70,041 21.0 -0.2 -2.4 92,877 66,644 69,550 428,365 399,316 7.3

 Excluding aircraft:

 Shipments........................... 63,049 62,953 62,722 0.2 0.4 0.2 70,037 63,680 67,220 375,145 369,183 1.6

 New Orders.......................... 63,416 63,471 63,019 -0.1 0.7 0.3 68,877 63,488 65,918 383,364 372,771 2.8

 Defense capital goods:

 Shipments................................ 10,044 10,267 10,212 -2.2 0.5 1.5 10,920 9,920 10,287 59,867 54,389 10.1

 New Orders.............................. 9,722 9,368 9,988 3.8 -6.2 1.7 12,066 7,128 8,555 56,352 55,164 2.2

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, June Advance Report, July 27, 2017. 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

Jun May Apr May - Apr - Mar - Jun May Jun 2017/

2017 2 2017 r 2017 Jun2 May r Apr 2017 2 2017 r 2016 2016

DURABLE GOODS

 Total: 

 Unfilled Orders4......................... 1,135,639 1,121,412 1,122,428 1.3 -0.1 0.2 1,137,472 1,124,286 1,129,474 0.7

 Total Inventories....................... 396,988 395,379 394,856 0.4 0.1 0.2 394,108 398,868 385,298 2.3

 Excluding transportation:

 Unfilled Orders4

......................... 358,829 357,439 356,230 0.4 0.3 0.3 361,670 363,124 349,203 3.6

 Total Inventories....................... 267,910 266,159 265,309 0.7 0.3 0.3 266,894 268,459 256,534 4.0

 Excluding defense:

 Unfilled Orders4

........................... 959,491 944,775 944,817 1.6 0.0 0.1 959,258 947,339 952,929 0.7

 Total Inventories....................... 370,122 368,516 368,015 0.4 0.1 0.0 367,194 371,854 359,561 2.1

 Manufacturing with unfilled orders:

 Unfilled Orders......................... 1,135,639 1,121,412 1,122,428 1.3 -0.1 0.2 1,137,472 1,124,286 1,129,474 0.7

 Total Inventories....................... 322,923 321,680 321,217 0.4 0.1 0.2 320,928 324,807 314,069 2.2

 Primary metals:

 Unfilled Orders......................... 29,974 29,855 29,859 0.4 0.0 0.8 30,099 30,272 28,782 4.6

 Total Inventories....................... 33,064 32,983 32,802 0.2 0.6 1.3 32,795 32,931 30,389 7.9

 Fabricated metal products:

 Unfilled Orders......................... 77,918 77,458 77,013 0.6 0.6 0.9 79,158 79,449 77,201 2.5

 Total Inventories....................... 49,297 48,762 48,452 1.1 0.6 0.6 49,262 49,093 47,609 3.5

 Machinery: 

 Unfilled Orders......................... 99,837 99,142 98,522 0.7 0.6 0.1 99,786 100,108 96,735 3.2

 Total Inventories....................... 68,286 67,507 67,446 1.2 0.1 0.2 67,855 68,291 65,164 4.1

 Computers and electronic products4

:

 Unfilled Orders......................... 117,843 117,698 117,570 0.1 0.1 0.0 118,371 118,815 115,282 2.7

 Total Inventories....................... 44,388 44,310 44,167 0.2 0.3 0.1 44,160 45,058 43,209 2.2

 Computers and related products:

 Unfilled Orders......................... 1,816 1,772 1,773 2.5 -0.1 0.9 1,816 1,772 1,650 10.1

 Total Inventories....................... 4,313 4,341 4,394 -0.6 -1.2 -1.0 4,260 4,476 3,995 6.6

 Communications equipment:

 Unfilled Orders......................... 27,045 26,957 26,927 0.3 0.1 0.6 27,226 27,285 25,112 8.4

 Total Inventories....................... 4,635 4,655 4,636 -0.4 0.4 1.4 4,565 4,720 4,526 0.9

 Electrical equipment, appliances, 

 and components: 

 Unfilled Orders......................... 22,835 22,890 22,757 -0.2 0.6 0.3 23,230 23,266 20,723 12.1

 Total Inventories....................... 17,574 17,417 17,385 0.9 0.2 -0.4 17,652 17,723 16,966 4.0

 Transportation equipment: 

 Unfilled Orders......................... 776,810 763,973 766,198 1.7 -0.3 0.1 775,802 761,162 780,271 -0.6

 Total Inventories....................... 129,078 129,220 129,547 -0.1 -0.3 0.1 127,214 130,409 128,764 -1.2

 Motor vehicles and parts:

 Unfilled Orders......................... 23,880 23,737 23,595 0.6 0.6 0.9 23,652 24,043 22,598 4.7

 Total Inventories....................... 34,222 34,448 34,229 -0.7 0.6 0.9 33,338 34,366 34,512 -3.4

 Nondefense Aircraft and parts:

 Unfilled Orders......................... 585,587 572,306 573,291 2.3 -0.2 0.0 583,093 569,148 589,712 -1.1

 Total Inventories....................... 66,389 66,204 66,749 0.3 -0.8 -1.4 65,538 67,531 67,318 -2.6

 Defense Aircraft and parts: 

 Unfilled Orders......................... 72,459 73,036 73,593 -0.8 -0.8 2.2 73,352 73,574 69,415 5.7

 Total Inventories....................... 12,731 12,830 12,893 -0.8 -0.5 6.6 12,689 12,883 11,453 10.8

 All other durable goods: 

 Unfilled Orders......................... 10,422 10,396 10,509 0.3 -1.1 -0.6 11,026 11,214 10,480 5.2

 Total Inventories....................... 55,301 55,180 55,057 0.2 0.2 0.1 55,170 55,363 53,197 3.7

 Capital goods3

:

 Unfilled Orders......................... 850,114 836,660 838,222 1.6 -0.2 0.0 851,128 836,700 845,704 0.6

 Total Inventories....................... 200,069 199,013 199,246 0.5 -0.1 -0.2 199,103 201,645 195,030 2.1

 Nondefense capital goods:

 Unfilled Orders......................... 709,825 696,049 696,712 2.0 -0.1 0.0 709,155 695,873 703,593 0.8

 Total Inventories....................... 177,596 176,555 176,809 0.6 -0.1 -0.7 176,540 179,089 174,202 1.3

 Excluding aircraft: 

 Unfilled Orders.................... 226,381 226,014 225,496 0.2 0.2 0.1 227,784 228,944 220,252 3.4

 Total Inventories................... 122,623 121,777 121,713 0.7 0.1 -0.1 122,082 123,118 117,975 3.5

 Defense capital goods:

 Unfilled Orders......................... 140,289 140,611 141,510 -0.2 -0.6 -0.2 141,973 140,827 142,111 -0.1

 Total Inventories....................... 22,473 22,458 22,437 0.1 0.1 3.5 22,563 22,556 20,828 8.3

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, June Advance Report, July 27, 2017. 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>.