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FOR RELEASE AT 10:00 AM EST, FRIDAY, JANUARY 5, 2024 

MONTHLY FULL REPORT ON MANUFACTURERS’ SHIPMENTS, INVENTORIES AND ORDERS 

NOVEMBER 2023

Release Number: CB 24-02 M3-2 (23)-11 

January 5, 2024 — The U.S. Census Bureau announces the November full report on manufacturers’ 

shipments, inventories and orders:

MANUFACTURED GOODS – NEW ORDERS

NOVEMBER 2023 $592.9 billion +2.6%°

OCTOBER 2023 

(revised) $577.9 billion -3.4%°

Next release: February 2, 2024

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, January 5, 2024. 

Summary

New orders for manufactured goods in November, up three of the last four months, increased $14.9 billion 

or 2.6 percent to $592.9 billion, the U.S. Census Bureau reported today. This followed a 3.4 percent

October decrease. Shipments, up following two consecutive monthly decreases, increased $2.7 billion or 

0.5 percent to $580.7 billion. This followed a 1.3 percent October decrease. Unfilled orders, up eleven of 

the last twelve months, increased $17.1 billion or 1.3 percent to $1,374.8 billion. This followed a 0.4

percent October increase. The unfilled orders-to-shipments ratio was 6.95, up from 6.91 in October. 

Inventories, up five consecutive months, increased $0.6 billion or 0.1 percent to $857.1 billion. This 

followed a virtually unchanged October increase. The inventories-to-shipments ratio was 1.48, unchanged 

from October. 

New Orders

New orders for manufactured durable goods in November, up two of the last three months, increased

$15.0 billion or 5.4 percent to $295.2 billion, unchanged from the previously published increase. This 

followed a 5.1 percent October decrease. Transportation equipment, also up two of the last three

1.0%

0.0%

-1.7%

0.6% 0.3% 0.4%

2.3%

-2.1%

1.0%

2.3%

-3.4%

2.6%

-5.0%

-4.0%

-3.0%

-2.0%

-1.0%

0.0%

1.0%

2.0%

3.0%

4.0%

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

MANUFACTURERS' NEW ORDERS 2022-2023

Seasonally Adjusted, Month-To-Month Percentage Change

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders, January 5, 2024.
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months, led the increase, $14.3 billion or 15.3 percent to $107.8 billion. New orders for manufactured

nondurable goods decreased $0.1 billion or virtually unchanged to $297.6 billion. 

Shipments

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

increased $2.8 billion or 1.0 percent to $283.1 billion, unchanged from the previously published increase. 

This followed a 0.8 percent October decrease. Transportation equipment, also up following two 

consecutive monthly decreases, led the increase, $2.0 billion or 2.2 percent to $90.2 billion. Shipments of 

manufactured nondurable goods, down two consecutive months, decreased $0.1 billion or virtually 

unchanged to $297.6 billion. This followed a 1.8 percent October decrease. Petroleum and coal products, 

also down two consecutive months, drove the decrease, $0.6 billion or 0.8 percent to $66.7 billion.

Unfilled Orders

Unfilled orders for manufactured durable goods in November, up eleven of the last twelve months, 

increased $17.1 billion or 1.3 percent to $1,374.8 billion, unchanged from the previously published 

increase. This followed a 0.4 percent October increase. Transportation equipment, also up eleven of the 

last twelve months, drove the increase, $17.5 billion or 2.0 percent to $878.3 billion.

Inventories

Inventories of manufactured durable goods in November, up four consecutive months, increased $0.4

billion or 0.1 percent to $524.8 billion, unchanged from the previously published increase. This followed a 

0.2 percent October increase. Transportation equipment, also up four consecutive months, led the 

increase, $0.2 billion or 0.1 percent to $166.0 billion. Inventories of manufactured nondurable goods, up

four of the last five months, increased $0.2 billion or 0.1 percent to $332.3 billion. This followed a 0.3 

percent October decrease. Petroleum and coal products, also up four of the last five months, drove the 

increase, $0.4 billion or 0.7 percent to $50.0 billion. By stage of fabrication, November materials and 

supplies were virtually unchanged in durable goods and increased 0.1 percent in nondurable goods. Work 

in process increased 0.4 percent in durable goods and decreased 0.4 percent in nondurable goods. 

Finished goods decreased 0.2 percent in durable goods and increased 0.3 percent in nondurable goods. 

The Advance Report on durable goods for December is scheduled for release on January 25, 2024, at 8:30

a.m. EST and the Full Report on February 2, 2024, 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>.
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EXPLANATORY NOTES

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

exclude data for semiconductor manufacturing. 

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

decrease.

The Census Bureau has reviewed this data product to ensure appropriate access, use, and disclosure 

avoidance protection of the confidential source data (Project No. P-6000307, Disclosure Review Board 

(DRB) approval number: CBDRB-FY23-0265).

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>.

2024 Release Dates for the M3 Survey

Survey month Advance Report on Durable 

Goods and Advance Total 

Manufacturing 

(8:30 a.m. release time)

Full Report 

(10:00 a.m. release time)

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

Nov-23 Fri 12/22/2023 Fri 1/5/2024

Dec-23 Thu 1/25/2024 Fri 2/2/2024

Jan-24 Tue 2/27/2024 Tue 3/5/2024

Feb-24 Tue 3/26/2024 Tue 4/2/2024

Mar-24 Wed 4/24/2024 Thu 5/2/2024

Apr-24 Fri 5/24/2024 Tue 6/4/2024

May-24 Thu 6/27/2024 Wed 7/3/2024

Jun-24 Thu 7/25/2024 Fri 8/2/2024

Jul-24 Mon 8/26/2024 Wed 9/4/2024

Aug-24 Thu 9/26/2024 Thu 10/3/2024

Sep-24 Fri 10/25/2024 Mon 11/4/2024

Oct-24 Wed 11/27/2024 Wed 12/4/2024

Nov-24 Tue 12/24/2024 Not available at this time

Schedule of Release Dates 2024 (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

Nov. Oct. Sep. Oct. - Sep. - Aug. - Nov. Oct. Sep. Nov. 2023/

2023p 2023r 2023 Nov. Oct. Sep. 2023p 2023r 2023 2022 2023p 2022 2022

 All manufacturing industries.................. 580,718 578,039 585,918 0.5 -1.3 0.0 568,332 591,450 601,021 570,498 6,369,700 6,354,622 0.2

 Excluding transportation................... 490,484 489,784 495,574 0.1 -1.2 0.4 478,315 502,331 504,574 482,639 5,382,968 5,443,286 -1.1

 Excluding defense.............................. 564,308 561,675 569,987 0.5 -1.5 0.0 550,654 575,333 583,817 554,712 6,198,469 6,197,262 0.0

 With unfilled orders............................ 197,703 196,479 196,663 0.6 -0.1 -0.1 191,579 198,000 205,481 185,576 2,147,781 2,067,069 3.9

 Durable goods industries......................... 283,083 280,310 282,688 1.0 -0.8 -0.6 275,565 285,369 295,639 270,353 3,096,945 2,993,375 3.5

 Wood products....................................... 13,312 13,293 13,341 0.1 -0.4 -0.2 12,362 13,832 13,755 12,568 148,560 151,869 -2.2

 Nonmetallic mineral products.................... 13,386 13,315 13,293 0.5 0.2 -0.2 12,858 14,342 13,844 12,632 147,862 145,043 1.9

 Primary metals....................................... 26,570 26,370 26,451 0.8 -0.3 -0.2 24,838 26,443 26,367 24,663 295,808 299,820 -1.3

 Iron and steel mills............................ 14,716 14,543 14,478 1.2 0.4 -0.4 13,677 14,516 14,524 13,602 163,465 164,333 -0.5

 Aluminum and nonferrous metals.......... 10,180 10,143 10,340 0.4 -1.9 -0.3 9,638 10,220 10,279 9,605 113,927 118,026 -3.5

 Ferrous metal foundries....................... 1,674 1,684 1,633 -0.6 3.1 1.6 1,523 1,707 1,564 1,456 18,416 17,461 5.5

 Fabricated metal products....................... 36,329 36,026 36,146 0.8 -0.3 0.9 34,987 37,389 37,014 33,900 394,963 394,087 0.2

 Machinery............................................. 37,978 38,105 38,105 -0.3 0.0 -0.6 35,232 38,374 38,579 34,701 415,272 402,501 3.2

 Farm machinery................................. 2,419 2,688 2,764 -10.0 -2.7 1.8 1,950 2,712 2,687 2,307 28,441 35,962 -20.9

 Construction machinery..................... 4,473 4,516 4,427 -1.0 2.0 1.1 4,084 4,664 4,257 3,685 47,770 41,064 16.3

 Mining, oil field, and 

 gas field machinery.......................... 1,768 1,734 1,697 2.0 2.2 -2.1 1,761 1,760 1,708 1,477 18,855 15,985 18.0

 Industrial machinery.......................... 3,883 3,682 3,578 5.5 2.9 -0.9 3,483 3,694 4,081 3,298 39,836 40,538 -1.7

 Photographic equipment...................... 611 635 610 -3.8 4.1 -3.0 606 580 669 617 6,861 6,662 3.0

 Ventilation, heating, air-conditioning,

 and refrigeration equipment............ 5,181 5,181 5,039 0.0 2.8 -1.9 4,635 4,982 5,202 4,143 54,711 50,382 8.6

 Metalworking machinery..................... 2,738 2,756 2,672 -0.7 3.1 -2.1 2,731 2,891 2,699 2,898 29,859 30,510 -2.1

 Turbines, generators, and other

 power transmission equipment....... 3,898 3,867 3,875 0.8 -0.2 -0.5 3,798 4,023 3,863 3,718 43,374 39,787 9.0

 Material handling equipment............... 4,087 4,146 4,243 -1.4 -2.3 -0.5 3,889 4,226 4,149 3,636 44,431 39,717 11.9

 Computers and electronic products2.......... 29,833 29,632 29,599 0.7 0.1 0.7 30,462 29,992 32,821 29,733 319,869 313,775 1.9

 Computers........................................ 938 895 852 4.8 5.0 -2.9 934 893 908 710 9,233 8,163 13.1

 Computer storage devices..................... 413 417 413 -1.0 1.0 -2.1 392 396 415 341 4,314 3,807 13.3

 Other peripheral equipment................ 760 741 782 2.6 -5.2 3.4 702 732 948 716 8,247 6,711 22.9

 Nondefense communications

 equipment.................................... 2,839 2,825 2,853 0.5 -1.0 1.5 2,623 2,514 3,531 2,628 30,231 30,789 -1.8

 Defense communications equipment.... 201 206 198 -2.4 4.0 -1.5 219 211 226 223 2,238 2,177 2.8

 Audio and video equipment.................... 506 505 548 0.2 -7.8 -12.7 726 645 541 599 5,419 4,657 16.4

 Electronic components......................... 4,952 4,868 4,994 1.7 -2.5 2.8 4,884 4,733 5,179 4,648 52,545 51,306 2.4

 Nondefense search and navigation

 equipment...................................... 1,635 1,625 1,625 0.6 0.0 1.2 1,644 1,612 1,751 1,645 17,720 17,503 1.2

 Defense search and navigation

 equipment..................................... 3,413 3,360 3,322 1.6 1.1 0.2 3,728 3,350 3,521 3,394 35,922 34,386 4.5

 Electromedical, measuring,

 and control instruments................. 9,060 9,076 8,874 -0.2 2.3 0.0 8,848 9,064 9,931 8,621 96,367 95,215 1.2

 Electrical equipment, appliances, 

 and components................................... 14,143 14,167 14,288 -0.2 -0.8 0.7 13,590 14,314 15,146 13,055 155,094 143,770 7.9

 Electric lighting equipment..................... 1,349 1,327 1,324 1.7 0.2 -0.7 1,327 1,359 1,380 1,209 14,366 13,313 7.9

 Household appliances........................ 2,315 2,343 2,389 -1.2 -1.9 1.1 2,285 2,357 2,673 2,324 25,709 26,015 -1.2

 Electrical equipment............................ 4,756 4,756 4,710 0.0 1.0 0.6 4,461 4,586 5,039 4,064 51,193 44,227 15.8

 Batteries........................................... 1,297 1,333 1,350 -2.7 -1.3 1.7 1,349 1,513 1,381 1,230 14,493 10,848 33.6

 Transportation equipment........................ 90,234 88,255 90,344 2.2 -2.3 -2.2 90,017 89,119 96,447 87,859 986,732 911,336 8.3

 Automobiles..................................... 9,547 9,599 9,497 -0.5 1.1 -1.5 9,526 10,050 10,002 8,574 100,885 89,688 12.5

 Light trucks and utility vehicles.............. 19,558 17,893 19,970 9.3 -10.4 -6.6 19,741 18,236 21,564 21,297 225,596 219,615 2.7

 Heavy duty trucks ............................. 2,975 2,988 3,031 -0.4 -1.4 -0.9 2,880 3,161 3,206 2,710 32,665 27,514 18.7

 Motor vehicle bodies, parts, 

 and trailers.................................... 28,860 28,654 29,086 0.7 -1.5 -0.4 28,048 29,808 29,280 27,867 321,700 312,586 2.9

 Nondefense aircraft and parts................ 14,070 13,409 13,519 4.9 -0.8 -0.3 13,885 12,251 16,166 11,534 137,232 102,571 33.8

 Defense aircraft and parts.................. 4,894 4,922 4,545 -0.6 8.3 -3.1 5,259 5,101 4,841 4,911 52,161 49,492 5.4

 Ships and boats................................. 3,597 3,433 3,324 4.8 3.3 -9.3 3,612 3,399 3,295 3,710 40,148 38,466 4.4

 Furniture and related products.................. 6,742 6,734 6,772 0.1 -0.6 1.2 6,664 6,896 6,795 6,813 74,970 75,199 -0.3

 Miscellaneous durable goods................. 14,556 14,413 14,349 1.0 0.4 -0.9 14,555 14,668 14,871 14,429 157,815 155,975 1.2

 Nondurable goods industries..................... 297,635 297,729 303,230 0.0 -1.8 0.6 292,767 306,081 305,382 300,145 3,272,755 3,361,247 -2.6

 Food products....................................... 79,895 79,902 79,936 0.0 0.0 0.2 81,372 83,164 81,324 81,353 877,582 874,743 0.3

 Grain and oilseed milling....................... 9,740 9,806 9,821 -0.7 -0.2 1.3 9,743 10,214 9,654 10,089 108,603 109,547 -0.9

 Dairy products.................................. 11,444 11,548 11,488 -0.9 0.5 0.6 11,769 11,880 11,351 12,162 127,301 128,892 -1.2

 Meat, poultry, and seafood products... 24,046 24,019 24,038 0.1 -0.1 0.4 24,189 24,350 24,205 24,484 264,980 272,487 -2.8

 Beverage and tobacco products................ 18,084 18,081 18,172 0.0 -0.5 1.6 17,929 18,353 18,451 16,294 193,574 173,573 11.5

 Beverages......................................... 10,865 10,917 10,991 -0.5 -0.7 -0.1 10,710 11,189 11,270 10,339 119,445 112,234 6.4

 Tobacco............................................ 7,219 7,164 7,181 0.8 -0.2 4.1 7,219 7,164 7,181 5,955 74,129 61,339 20.9

 Textile mills........................................... 2,078 2,093 2,110 -0.7 -0.8 0.6 1,966 2,168 2,161 2,060 23,435 25,098 -6.6

 Textile products................................... 1,947 1,982 1,975 -1.8 0.4 -0.9 1,845 2,019 1,971 1,910 22,096 22,956 -3.7

 Apparel................................................ 808 819 830 -1.3 -1.3 -2.5 912 931 847 993 9,250 9,134 1.3

 Leather and allied products...................... 520 522 470 -0.4 11.1 -0.8 494 546 458 480 5,407 5,016 7.8

 Paper products...................................... 17,260 17,245 17,178 0.1 0.4 -0.1 16,648 17,672 17,207 16,695 191,393 189,663 0.9

 Pulp, paper, and paperboard mills....... 6,884 6,818 6,841 1.0 -0.3 0.6 6,641 6,886 6,886 6,646 76,189 73,764 3.3

 Paperboard containers........................ 6,307 6,373 6,292 -1.0 1.3 -0.7 6,082 6,683 6,330 6,015 69,890 69,880 0.0

 Printing................................................. 7,149 7,160 7,270 -0.2 -1.5 0.0 7,239 7,772 7,376 7,498 79,825 79,467 0.5

 Petroleum and coal products.................. 66,749 67,316 73,069 -0.8 -7.9 2.4 64,183 70,189 73,669 74,161 744,535 864,994 -13.9

 Petroleum refineries.......................... 61,693 62,297 68,098 -1.0 -8.5 2.4 59,287 64,604 68,293 69,476 690,244 812,734 -15.1

 Chemical products..................................... 78,258 77,875 77,497 0.5 0.5 -0.5 76,382 77,620 76,899 74,844 852,586 839,168 1.6

 Pesticides, fertilizers, and other

 agricultural chemicals....................... 4,197 4,117 3,981 1.9 3.4 -0.1 3,976 3,582 3,540 3,760 43,312 44,160 -1.9

 Pharmaceuticals and medicines............. 25,177 25,026 24,782 0.6 1.0 -0.6 25,480 25,459 25,403 24,580 270,602 251,641 7.5

 Paints, coatings, and adhesives.......... 4,211 4,220 4,243 -0.2 -0.5 1.0 3,838 4,267 4,182 3,805 46,500 46,422 0.2

 Plastics and rubber products.................. 24,887 24,734 24,723 0.6 0.0 0.0 23,797 25,647 25,019 23,857 273,072 277,435 -1.6

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/>. 

The Census Bureau has reviewed this data product to ensure appropriate access, use, and disclosure avoidance protection of the confidential source data (Project No. P-6000307, Disclosure Review Board (DRB) approval number: CBDRB-FY23-

0265). 

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, November Full Report, January 5, 2024. 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

Nov. Oct. Sep. Oct. - Sep. - Aug. - Nov. Oct. Sep. Nov. 2023/

2023p 2023r 2023 Nov. Oct. Sep. 2023p 2023r 2023 2022 2023p 2022 2022

All manufacturing industries2........................ 592,870 577,946 598,595 2.6 -3.4 2.3 579,283 584,976 613,485 560,589 6,407,884 6,361,051 0.7

 Excluding transportation2...................... 485,110 484,449 490,590 0.1 -1.3 0.4 470,580 493,954 497,178 474,406 5,324,339 5,397,397 -1.4

 Excluding defense2.............................. 577,118 560,254 583,597 3.0 -4.0 2.7 563,159 569,339 594,982 544,734 6,231,283 6,202,607 0.5

 With unfilled orders2

............................. 214,820 201,349 214,326 6.7 -6.1 6.5 208,133 197,205 223,653 181,719 2,241,925 2,130,892 5.2

 Durable goods industries2......................... 295,235 280,217 295,365 5.4 -5.1 4.0 286,516 278,895 308,103 260,444 3,135,129 2,999,804 4.5

 Primary metals........................................ 26,590 26,463 26,616 0.5 -0.6 0.0 25,177 26,319 25,705 24,855 295,422 298,955 -1.2

 Iron and steel mills.............................. 14,790 14,728 14,825 0.4 -0.7 0.7 13,865 14,379 14,201 13,628 163,888 164,261 -0.2

 Aluminum and nonferrous metals.......... 10,118 10,008 10,103 1.1 -0.9 -1.9 9,710 10,205 9,939 9,705 113,080 116,832 -3.2

 Ferrous metal foundries....................... 1,682 1,727 1,688 -2.6 2.3 6.0 1,602 1,735 1,565 1,522 18,454 17,862 3.3

 Fabricated metal products........................ 36,388 36,386 36,365 0.0 0.1 0.9 33,933 36,399 36,088 32,603 396,139 395,231 0.2

 Machinery............................................. 37,511 37,430 37,761 0.2 -0.9 0.0 34,423 37,149 37,909 34,875 412,156 410,102 0.5

 Construction machinery........................ 4,438 4,339 4,286 2.3 1.2 3.4 4,208 4,293 4,169 3,798 46,305 41,113 12.6

 Mining, oil field, and

 gas field machinery.......................... 1,539 1,734 1,624 -11.2 6.8 -5.1 1,532 1,760 1,635 1,470 18,180 16,053 13.2

 Industrial machinery............................ 3,777 3,384 3,350 11.6 1.0 -7.6 3,239 3,529 3,630 3,416 39,200 42,476 -7.7

 Photographic equipment....................... 608 581 457 4.6 27.1 -10.9 473 553 775 536 6,746 6,989 -3.5

 Ventilation, heating, air-conditioning,

 and refrigeration equipment............... 5,099 5,270 5,301 -3.2 -0.6 4.7 4,371 4,908 5,398 4,199 54,927 53,025 3.6

 Metalworking machinery....................... 2,597 2,610 2,633 -0.5 -0.9 0.6 2,705 2,610 2,667 2,777 29,231 30,489 -4.1

 Turbines, generators, and other 

 power transmission equipment........... 4,070 4,060 4,099 0.2 -1.0 2.3 3,970 4,216 4,087 3,653 44,283 39,575 11.9

 Material handling equipment.................. 4,027 3,947 4,211 2.0 -6.3 0.7 3,675 4,013 4,241 3,706 44,009 41,544 5.9

 Computers and electronic products2........... 24,819 24,759 24,728 0.2 0.1 0.8 24,397 24,238 27,944 23,155 263,336 256,983 2.5

 Computers........................................ 932 887 851 5.1 4.2 -1.5 928 885 907 691 9,219 8,123 13.5

 Nondefense communications

 equipment...................................... 2,916 2,875 2,964 1.4 -3.0 1.6 2,901 2,531 3,757 2,649 29,812 30,546 -2.4

 Defense communications equipment....... 201 209 198 -3.8 5.6 1.0 217 210 228 215 2,224 2,137 4.1

 Electronic components......................... 4,914 4,811 4,953 2.1 -2.9 4.1 4,738 4,729 5,224 4,375 51,340 51,138 0.4

 Nondefense search and navigation

 equipment...................................... 1,750 1,711 1,756 2.3 -2.6 1.6 1,713 1,753 1,871 1,756 19,084 19,008 0.4

 Defense search and navigation

 equipment...................................... 3,160 3,285 3,197 -3.8 2.8 0.6 3,060 3,090 3,701 3,049 35,461 33,385 6.2

 Electromedical, measuring,

 and control instruments..................... 9,116 9,167 8,914 -0.6 2.8 -0.1 8,861 9,104 10,190 8,608 96,543 95,804 0.8

 Electrical equipment, appliances, 

 and components................................... 14,070 13,909 14,238 1.2 -2.3 -0.8 13,216 14,178 14,919 12,492 155,835 147,106 5.9

 Electric lighting equipment..................... 1,291 1,249 1,331 3.4 -6.2 2.1 1,300 1,341 1,360 1,356 14,421 13,707 5.2

 Household appliances.......................... 2,376 2,422 2,393 -1.9 1.2 -8.9 2,374 2,473 2,845 2,475 26,543 25,753 3.1

 Electrical equipment............................ 4,631 4,470 4,706 3.6 -5.0 1.8 4,055 4,428 4,753 3,276 51,045 46,863 8.9

 Transportation equipment........................ 107,760 93,497 108,005 15.3 -13.4 11.5 108,703 91,022 116,307 86,183 1,083,545 963,654 12.4

 Motor vehicle bodies, parts, 

 and trailers..................................... 28,664 28,668 29,217 0.0 -1.9 -0.1 28,391 29,369 29,522 28,537 321,222 310,824 3.3

 Nondefense aircraft and parts................ 32,347 17,960 32,033 80.1 -43.9 90.6 33,209 15,610 34,796 9,172 230,466 154,399 49.3

 Defense aircraft and parts.................... 4,584 4,968 4,910 -7.7 1.2 -15.3 5,106 4,125 5,965 4,403 56,790 49,346 15.1

 Ships and boats.................................. 3,348 3,557 3,093 -5.9 15.0 -21.2 3,543 3,210 2,805 3,937 39,663 39,352 0.8

 Furniture and related products................... 6,833 6,760 6,679 1.1 1.2 1.2 6,882 6,756 6,771 6,632 74,742 74,609 0.2

 Nondurable goods industries..................... 297,635 297,729 303,230 0.0 -1.8 0.6 292,767 306,081 305,382 300,145 3,272,755 3,361,247 -2.6

Year to date

p

 Preliminary 

r

 Revised data due to late receipts and concurrent seasonal adjustment. 

1

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

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

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

2

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

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

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

The Census Bureau has reviewed this data product to ensure appropriate access, use, and disclosure avoidance protection of the confidential source data (Project No. P-6000307, Disclosure Review Board (DRB) approval number: CBDRBFY23-0265). 

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, November Full Report, January 5, 2024. 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 November

Nov. Oct. Sep. Oct. - Sep. - Aug. - Nov. Oct. Sep. Nov. 2023/

2023p 2023r 2023 Nov. Oct. Sep. 2023p 2023r 2023 2022 2022

All manufacturing industries2

...................... 1,374,847 1,357,730 1,352,860 1.3 0.4 1.3 1,364,440 1,347,886 1,348,681 1,253,177 8.9

 Excluding transportation2...................... 496,525 496,934 497,306 -0.1 -0.1 0.0 489,715 491,847 494,545 493,629 -0.8

 Excluding defense2............................. 1,131,137 1,113,362 1,109,820 1.6 0.3 1.7 1,124,342 1,106,234 1,106,549 1,024,350 9.8

 Durable goods industries2

........................ 1,374,847 1,357,730 1,352,860 1.3 0.4 1.3 1,364,440 1,347,886 1,348,681 1,253,177 8.9

 Primary metals........................................ 38,465 38,445 38,352 0.1 0.2 0.4 37,380 37,041 37,165 37,150 0.6

 Iron and steel mills............................... 23,690 23,616 23,431 0.3 0.8 1.5 22,884 22,696 22,833 21,987 4.1

 Aluminum and nonferrous metals............. 10,093 10,155 10,290 -0.6 -1.3 -2.3 9,862 9,790 9,805 10,640 -7.3

 Ferrous metal foundries........................ 4,682 4,674 4,631 0.2 0.9 1.2 4,634 4,555 4,527 4,523 2.5

 Fabricated metal products......................... 129,866 129,807 129,447 0.0 0.3 0.2 127,600 128,654 129,644 127,609 0.0

 Machinery.............................................. 137,018 137,485 138,160 -0.3 -0.5 -0.2 135,241 136,050 137,275 139,262 -2.9

 Construction machinery......................... 10,302 10,337 10,514 -0.3 -1.7 -1.3 9,922 9,798 10,169 11,393 -12.9

 Mining, oil field, and

 gas field machinery.......................... 4,637 4,866 4,866 -4.7 0.0 -1.5 4,637 4,866 4,866 5,304 -12.6

 Industrial machinery............................. 11,300 11,406 11,704 -0.9 -2.5 -1.9 11,047 11,291 11,456 11,961 -7.6

 Photographic equipment........................ 3,702 3,705 3,759 -0.1 -1.4 -3.9 3,728 3,861 3,888 3,951 -5.6

 Ventilation, heating, air-conditioning,

 and refrigeration equipment................ 13,712 13,794 13,705 -0.6 0.6 1.9 13,168 13,432 13,506 12,706 3.6

 Metalworking machinery........................ 9,180 9,321 9,467 -1.5 -1.5 -0.4 9,156 9,182 9,463 10,200 -10.2

 Turbines, generators, and other 

 power transmission equipment............ 33,037 32,865 32,672 0.5 0.6 0.7 33,037 32,865 32,672 32,113 2.9

 Material handling equipment................... 19,057 19,117 19,316 -0.3 -1.0 -0.2 18,818 19,032 19,245 18,865 -0.2

 Computers and electronic products2............. 134,890 134,939 134,849 0.0 0.1 0.1 133,817 134,279 134,354 133,260 0.4

 Computers......................................... 1,269 1,275 1,283 -0.5 -0.6 -0.1 1,269 1,275 1,283 1,287 -1.4

 Nondefense communications

 equipment...................................... 17,204 17,127 17,077 0.4 0.3 0.7 17,128 16,850 16,833 17,318 -1.1

 Defense communications equipment........ 236 236 233 0.0 1.3 0.0 232 234 235 244 -4.9

 Electronic components.......................... 16,494 16,532 16,589 -0.2 -0.3 -0.2 16,306 16,452 16,456 17,320 -5.9

 Nondefense search and navigation

 equipment....................................... 31,717 31,602 31,516 0.4 0.3 0.4 31,743 31,674 31,533 30,311 4.7

 Defense search and navigation

 equipment....................................... 35,636 35,889 35,964 -0.7 -0.2 -0.3 35,062 35,730 35,990 35,093 -0.1

 Electromedical, measuring,

 and control instruments...................... 32,334 32,278 32,187 0.2 0.3 0.1 32,077 32,064 32,024 31,687 1.2

 Electrical equipment, appliances, 

 and components.................................... 43,630 43,703 43,961 -0.2 -0.6 -0.1 43,156 43,530 43,666 42,813 0.8

 Electric lighting equipment..................... 3,731 3,789 3,867 -1.5 -2.0 0.2 3,758 3,785 3,803 3,640 3.2

 Household appliances........................... 5,328 5,267 5,188 1.2 1.5 0.1 5,414 5,325 5,209 4,399 23.1

 Electrical equipment............................. 21,913 22,038 22,324 -0.6 -1.3 0.0 21,596 22,002 22,160 22,459 -3.8

 Transportation equipment......................... 878,322 860,796 855,554 2.0 0.6 2.1 874,725 856,039 854,136 759,548 15.2

 Motor vehicle bodies, parts, 

 and trailers...................................... 35,156 35,352 35,338 -0.6 0.0 0.4 34,463 34,120 34,559 34,143 0.9

 Nondefense aircraft and parts................ 623,769 605,492 600,941 3.0 0.8 3.2 623,949 604,625 601,266 518,390 20.4

 Defense aircraft and parts..................... 73,117 73,427 73,381 -0.4 0.1 0.5 71,931 72,084 73,060 65,662 9.5

 Ships and boats.................................. 56,114 56,363 56,239 -0.4 0.2 -0.4 54,701 54,770 54,959 53,521 2.2

 Furniture and related products................... 10,649 10,558 10,532 0.9 0.2 -0.9 10,514 10,296 10,436 11,257 -6.6

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 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/>. 

The Census Bureau has reviewed this data product to ensure appropriate access, use, and disclosure avoidance protection of the confidential source data (Project No. P-6000307, Disclosure Review Board (DRB) approval number: 

CBDRB-FY23-0265). 

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, November Full Report, January 5, 2024. 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 November

Nov. Oct. Sep. Oct. - Sep. - Aug. - Nov. Oct. Sep. Nov. 2023/

2023p 2023r 2023 Nov. Oct. Sep. 2023p 2023r 2023 2022 2022

 All manufacturing industries...................... 857,083 856,465 856,463 0.1 0.0 0.1 854,743 858,484 854,384 857,238 -0.3

 Excluding transportation........................ 691,048 690,633 691,654 0.1 -0.1 0.1 688,262 690,954 688,599 693,746 -0.8

 Excluding defense............................. 827,392 827,032 827,020 0.0 0.0 0.1 825,004 829,000 824,935 828,399 -0.4

 With unfilled orders............................. 424,793 424,206 423,249 0.1 0.2 0.0 423,302 423,130 422,504 417,924 1.3

 Durable goods industries........................ 524,776 524,397 523,496 0.1 0.2 0.1 523,417 523,795 522,396 518,490 1.0

 Wood products........................................ 15,825 15,900 15,931 -0.5 -0.2 0.4 15,819 15,818 15,569 16,493 -4.1

 Nonmetallic mineral products..................... 17,270 17,253 17,256 0.1 0.0 -0.1 16,853 16,875 17,052 16,400 2.8

 Primary metals......................................... 45,883 46,048 46,263 -0.4 -0.5 -0.4 45,151 45,573 46,044 46,366 -2.6

 Iron and steel mills............................... 26,789 26,815 27,129 -0.1 -1.2 -0.9 26,296 26,561 27,152 27,007 -2.6

 Aluminum and nonferrous metals............ 15,876 16,013 15,906 -0.9 0.7 -0.1 15,670 15,834 15,768 16,334 -4.1

 Ferrous metal foundries........................ 3,218 3,220 3,228 -0.1 -0.2 2.1 3,185 3,178 3,124 3,025 5.3

 Fabricated metal products......................... 64,800 64,695 64,683 0.2 0.0 -0.1 63,944 63,960 64,412 64,074 -0.2

 Machinery.............................................. 94,920 94,877 94,925 0.0 -0.1 0.2 95,199 94,308 94,707 92,308 3.1

 Farm machinery.................................. 5,564 5,522 5,605 0.8 -1.5 -0.8 5,532 5,243 5,357 5,815 -4.9

 Construction machinery......................... 9,817 9,807 9,714 0.1 1.0 1.1 9,829 9,717 9,602 9,086 8.2

 Mining, oil field, 

 and gas field machinery.................... 5,879 5,953 5,939 -1.2 0.2 1.2 5,877 6,019 5,937 5,555 5.8

 Industrial machinery............................. 11,149 11,127 11,260 0.2 -1.2 -0.3 11,303 10,683 11,673 11,317 -0.1

 Photographic equipment....................... 1,440 1,446 1,460 -0.4 -1.0 -0.1 1,460 1,462 1,433 1,471 -0.7

 Ventilation, heating, air-conditioning,

 and refrigeration equipment............... 9,821 9,733 9,660 0.9 0.8 0.4 9,586 9,555 9,247 8,777 9.2

 Metalworking machinery........................ 7,464 7,434 7,423 0.4 0.1 0.0 7,492 7,477 7,423 7,278 2.9

 Turbines, generators, and other

 power transmission equipment............ 12,064 12,137 12,127 -0.6 0.1 0.8 12,141 12,167 12,104 11,439 6.1

 Material handling equipment.................. 7,924 7,925 7,955 0.0 -0.4 -0.3 8,123 8,104 8,062 7,842 3.6

 Computers and electronic products2............ 55,440 55,295 55,150 0.3 0.3 0.0 55,796 55,626 54,802 55,790 0.0

 Computers......................................... 1,837 1,822 1,861 0.8 -2.1 -0.9 1,859 1,793 1,976 2,144 -13.3

 Computer storage devices.................... 587 598 609 -1.8 -1.8 0.3 619 616 608 696 -11.1

 Other peripheral equipment................... 1,032 1,029 1,051 0.3 -2.1 0.3 1,049 1,041 1,041 1,046 0.3

 Nondefense communications

 equipment...................................... 4,411 4,399 4,401 0.3 0.0 0.5 4,490 4,498 4,386 4,482 0.2

 Defense communications equipment........ 638 635 635 0.5 0.0 -0.8 638 635 635 602 6.0

 Audio and video equipment.................... 673 707 727 -4.8 -2.8 -1.9 642 695 738 818 -21.5

 Electronic components.......................... 10,745 10,714 10,568 0.3 1.4 -1.1 10,613 10,591 10,332 11,343 -6.4

 Nondefense search and navigation

 equipment...................................... 4,311 4,295 4,283 0.4 0.3 0.7 4,319 4,382 4,312 4,147 4.1

 Defense search and navigation

 equipment....................................... 3,405 3,377 3,359 0.8 0.5 0.4 3,393 3,342 3,277 3,334 1.8

 Electromedical, measuring 

 and control instruments...................... 19,157 19,143 19,143 0.1 0.0 0.6 19,354 19,242 19,025 18,940 2.2

 Electrical equipment, appliances, 

 and components.................................... 26,472 26,396 26,341 0.3 0.2 -0.2 25,966 25,850 25,811 25,212 3.0

 Electric lighting equipment..................... 2,488 2,492 2,537 -0.2 -1.8 0.6 2,489 2,488 2,536 2,554 -2.5

 Household appliances........................... 3,655 3,584 3,555 2.0 0.8 -0.5 3,542 3,559 3,516 3,468 2.1

 Electrical equipment............................. 9,978 10,023 10,081 -0.4 -0.6 0.9 9,829 9,732 9,595 9,256 6.2

 Batteries............................................ 1,994 1,960 1,889 1.7 3.8 0.1 1,859 1,907 1,916 1,705 9.0

 Transportation equipment......................... 166,035 165,832 164,809 0.1 0.6 0.2 166,481 167,530 165,785 163,492 1.8

 Automobiles....................................... 5,492 5,624 5,833 -2.3 -3.6 -0.4 5,518 5,927 5,986 5,957 -7.4

 Light trucks and utility vehicles.............. 9,483 9,624 9,401 -1.5 2.4 2.0 9,799 10,064 9,687 10,008 -2.1

 Heavy duty trucks ............................... 2,917 2,934 2,957 -0.6 -0.8 1.1 2,838 2,939 2,949 2,950 -3.8

 Motor vehicle bodies, parts, 

 and trailers...................................... 36,446 36,410 35,915 0.1 1.4 0.6 35,986 36,253 35,751 34,472 4.4

 Nondefense aircraft and parts................ 78,659 78,327 77,802 0.4 0.7 0.3 79,200 79,281 78,432 77,804 1.8

 Defense aircraft and parts..................... 13,919 14,068 14,106 -1.1 -0.3 0.2 13,957 14,099 14,109 13,904 0.4

 Ships and boats.................................. 4,930 4,710 4,641 4.7 1.5 -1.3 4,964 4,776 4,738 4,848 2.4

 Furniture and related products.................... 10,166 10,201 10,206 -0.3 0.0 0.2 10,055 10,034 10,114 10,509 -4.3

 Miscellaneous durable goods..................... 27,965 27,900 27,932 0.2 -0.1 0.2 28,153 28,221 28,100 27,846 1.1

 Nondurable goods industries...................... 332,307 332,068 332,967 0.1 -0.3 0.2 331,326 334,689 331,988 338,748 -2.2

 Food products........................................ 70,642 70,774 70,893 -0.2 -0.2 -0.2 72,206 74,038 71,394 73,500 -1.8

 Grain and oilseed milling........................ 7,413 7,378 7,443 0.5 -0.9 -2.0 7,452 7,494 7,302 7,955 -6.3

 Dairy products.................................... 10,651 10,692 10,718 -0.4 -0.2 -0.6 10,160 10,427 10,611 10,148 0.1

 Meat, poultry, and seafood products....... 12,993 13,069 13,205 -0.6 -1.0 0.2 13,042 13,404 13,455 13,597 -4.1

 Beverage and tobacco products................ 30,649 30,540 30,816 0.4 -0.9 -0.6 30,857 30,657 30,361 31,359 -1.6

 Beverages......................................... 27,030 26,898 27,097 0.5 -0.7 -0.9 27,066 26,932 26,781 27,422 -1.3

 Tobacco............................................ 3,619 3,642 3,719 -0.6 -2.1 1.9 3,791 3,725 3,580 3,937 -3.7

 Textile mills............................................ 3,549 3,543 3,556 0.2 -0.4 -0.8 3,506 3,504 3,561 3,725 -5.9

 Textile products...................................... 3,643 3,628 3,637 0.4 -0.2 -0.2 3,656 3,637 3,653 3,941 -7.2

 Apparel................................................. 2,161 2,155 2,155 0.3 0.0 -0.8 2,129 2,211 2,230 2,252 -5.5

 Leather and allied products....................... 1,273 1,258 1,265 1.2 -0.6 0.0 1,264 1,246 1,273 1,363 -7.3

 Paper products....................................... 17,886 17,878 17,913 0.0 -0.2 0.0 17,610 17,617 17,912 18,185 -3.2

 Pulp, paper, and paperboard mills........... 5,581 5,569 5,594 0.2 -0.4 0.3 5,502 5,440 5,533 5,590 -1.6

 Paperboard containers......................... 6,737 6,734 6,747 0.0 -0.2 -0.4 6,628 6,634 6,766 6,848 -3.2

 Printing.................................................. 6,449 6,457 6,595 -0.1 -2.1 -1.9 6,484 6,568 6,733 7,212 -10.1

 Petroleum and coal products..................... 49,982 49,611 50,181 0.7 -1.1 3.1 48,493 49,668 49,945 49,610 -2.3

 Petroleum refineries............................. 43,515 43,050 43,585 1.1 -1.2 3.9 42,241 43,321 43,484 42,724 -1.1

 Chemical products..................................... 112,815 112,824 112,483 0.0 0.3 -0.1 112,109 112,326 111,582 112,866 -0.7

 Pesticides, fertilizers, and other

 agricultural chemicals........................ 6,083 6,147 6,136 -1.0 0.2 -0.2 6,032 5,979 5,874 6,083 -0.8

 Pharmaceuticals and medicines.............. 48,260 47,950 47,950 0.6 0.0 0.3 48,057 47,987 47,611 46,311 3.8

 Paints, coatings, and adhesives.............. 5,531 5,545 5,589 -0.3 -0.8 -1.4 5,385 5,413 5,486 5,907 -8.8

 Plastics and rubber products..................... 33,258 33,400 33,473 -0.4 -0.2 -0.4 33,012 33,217 33,344 34,735 -5.0

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 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/>. 

The Census Bureau has reviewed this data product to ensure appropriate access, use, and disclosure avoidance protection of the confidential source data (Project No. P-6000307, Disclosure Review Board (DRB) approval number: CBDRB-FY23-0265). 

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, November Full Report, January 5, 2024. 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

Nov. Oct. Sep. Oct. - Sep. - Aug. - Nov. Oct. Sep. Nov. 2023/

2023p 2023r 2023 Nov. Oct. Sep. 2023p 2023r 2023 2022 2023p 2022 2022

SHIPMENTS

 All manufacturing industries......................... 580,718 578,039 585,918 0.5 -1.3 0.0 568,332 591,450 601,021 570,498 6,369,700 6,354,622 0.2

 Construction materials and supplies....... 62,892 62,815 62,713 0.1 0.2 0.1 59,646 65,962 64,442 58,899 693,085 691,738 0.2

 Information technology......................... 24,953 24,844 24,744 0.4 0.4 0.0 24,749 24,659 27,276 23,878 267,558 261,104 2.5

 Computers and related products........... 2,111 2,053 2,047 2.8 0.3 -0.4 2,028 2,021 2,271 1,767 21,794 18,681 16.7

 Motor vehicle and parts......................... 60,940 59,134 61,584 3.1 -4.0 -2.7 60,195 61,255 64,052 60,448 680,846 649,403 4.8

 Capital goods...................................... 97,390 96,867 96,681 0.5 0.2 -0.2 94,922 95,692 103,636 90,952 1,043,255 978,270 6.6

 Nondefense capital goods3.................. 83,265 82,881 83,054 0.5 -0.2 -0.3 79,631 82,150 88,869 77,493 896,735 843,594 6.3

 Excluding aircraft............................. 74,152 74,282 74,287 -0.2 0.0 -0.1 70,653 74,842 77,729 69,918 809,549 782,872 3.4

 Defense capital goods4........................ 14,125 13,986 13,627 1.0 2.6 0.0 15,291 13,542 14,767 13,459 146,520 134,676 8.8

 Consumer goods.................................. 245,844 244,612 252,405 0.5 -3.1 0.1 244,818 252,435 257,456 253,301 2,711,633 2,771,117 -2.1

 Consumer durable goods..................... 44,338 42,703 44,845 3.8 -4.8 -3.6 44,584 43,833 47,464 45,395 495,591 478,635 3.5

 Consumer nondurable goods................ 201,506 201,909 207,560 -0.2 -2.7 0.9 200,234 208,602 209,992 207,906 2,216,042 2,292,482 -3.3

 All manufacturing industries5...................... 592,870 577,946 598,595 2.6 -3.4 2.3 579,283 584,976 613,485 560,589 6,407,884 6,361,051 0.7

 Construction materials and supplies....... 62,781 62,809 62,955 0.0 -0.2 0.5 58,495 64,634 63,834 58,103 692,784 694,942 -0.3

 Information technology......................... 24,988 24,964 24,690 0.1 1.1 -0.2 24,270 24,485 28,075 23,471 268,075 262,769 2.0

 Computers and related products........... 2,105 2,045 2,046 2.9 0.0 0.2 2,022 2,013 2,270 1,748 21,780 18,641 16.8

 Motor vehicle and parts......................... 60,744 59,148 61,715 2.7 -4.2 -2.5 60,538 60,816 64,294 61,118 680,368 647,641 5.1

 Capital goods...................................... 115,077 102,133 113,563 12.7 -10.1 13.4 112,162 98,120 121,724 87,382 1,136,343 1,037,615 9.5

 Nondefense capital goods3.................. 101,434 86,621 101,003 17.1 -14.2 17.7 98,435 84,429 106,274 74,195 986,608 905,995 8.9

 Excluding aircraft............................. 73,997 73,396 73,812 0.8 -0.6 -0.2 70,047 73,467 76,763 69,005 806,346 792,497 1.7

 Defense capital goods4........................ 13,643 15,512 12,560 -12.0 23.5 -12.2 13,727 13,691 15,450 13,187 149,735 131,620 13.8

 Consumer goods.................................. 245,980 244,652 252,436 0.5 -3.1 0.0 245,115 252,392 257,809 253,388 2,712,426 2,770,671 -2.1

 Consumer durable goods..................... 44,474 42,743 44,876 4.0 -4.8 -4.1 44,881 43,790 47,817 45,482 496,384 478,189 3.8

 Consumer nondurable goods.............. 201,506 201,909 207,560 -0.2 -2.7 0.9 200,234 208,602 209,992 207,906 2,216,042 2,292,482 -3.3

 All manufacturing industries5...................... 1,374,847 1,357,730 1,352,860 1.3 0.4 1.3 1,364,440 1,347,886 1,348,681 1,253,177 (X) (X) 8.9

 Construction materials and supplies....... 99,819 99,930 99,936 -0.1 0.0 0.2 97,446 98,597 99,925 98,456 (X) (X) -1.0

 Information technology......................... 134,756 134,721 134,601 0.0 0.1 0.0 133,627 134,106 134,280 132,206 (X) (X) 1.1

 Computers and related products........... 1,269 1,275 1,283 -0.5 -0.6 -0.1 1,269 1,275 1,283 1,287 (X) (X) -1.4

 Motor vehicle and parts......................... 35,156 35,352 35,338 -0.6 0.0 0.4 34,463 34,120 34,559 34,143 (X) (X) 0.9

 Capital goods...................................... 1,031,827 1,014,140 1,008,874 1.7 0.5 1.7 1,026,974 1,009,734 1,007,306 918,374 (X) (X) 11.8

 Nondefense capital goods3.................. 820,273 802,104 798,364 2.3 0.5 2.3 818,517 799,713 797,434 718,106 (X) (X) 14.0

 Excluding aircraft............................. 269,964 270,119 271,005 -0.1 -0.3 -0.2 267,477 268,083 269,458 272,303 (X) (X) -1.8

 Defense capital goods4........................ 211,554 212,036 210,510 -0.2 0.7 -0.5 208,457 210,021 209,872 200,268 (X) (X) 4.1

 Consumer goods.................................. 12,525 12,389 12,349 1.1 0.3 0.3 12,671 12,374 12,417 11,949 (X) (X) 6.0

 Consumer durable goods..................... 12,525 12,389 12,349 1.1 0.3 0.3 12,671 12,374 12,417 11,949 (X) (X) 6.0 

 All manufacturing industries....................... 857,083 856,465 856,463 0.1 0.0 0.1 854,743 858,484 854,384 857,238 (X) (X) -0.3

 Construction materials and supplies....... 92,980 92,885 92,883 0.1 0.0 0.0 91,539 91,594 91,779 91,688 (X) (X) -0.2

 Information technology......................... 46,010 45,949 45,967 0.1 0.0 0.0 46,244 46,026 45,825 46,089 (X) (X) 0.3

 Computers and related products........... 3,456 3,449 3,521 0.2 -2.0 -0.3 3,527 3,450 3,625 3,886 (X) (X) -9.2

 Motor vehicle and parts......................... 54,338 54,592 54,106 -0.5 0.9 0.7 54,141 55,183 54,373 53,387 (X) (X) 1.4

 Capital goods...................................... 251,876 251,182 250,843 0.3 0.1 0.2 253,132 251,557 251,040 247,593 (X) (X) 2.2

 Nondefense capital goods3.................. 227,395 226,966 226,619 0.2 0.2 0.2 228,641 227,321 226,813 223,900 (X) (X) 2.1

 Excluding aircraft............................. 162,679 162,666 162,813 0.0 -0.1 0.2 163,178 162,087 162,414 159,601 (X) (X) 2.2

 Defense capital goods4........................ 24,481 24,216 24,224 1.1 0.0 -0.4 24,491 24,236 24,227 23,693 (X) (X) 3.4

 Consumer goods.................................. 255,989 255,565 256,668 0.2 -0.4 0.6 256,395 260,019 256,877 260,179 (X) (X) -1.5

 Consumer durable goods..................... 41,584 41,849 41,942 -0.6 -0.2 0.2 41,872 42,693 42,433 43,646 (X) (X) -4.1

 Consumer nondurable goods................ 214,405 213,716 214,726 0.3 -0.5 0.6 214,523 217,326 214,444 216,533 (X) (X) -0.9

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/>. 

The Census Bureau has reviewed this data product to ensure appropriate access, use, and disclosure avoidance protection of the confidential source data (Project No. P-6000307, Disclosure Review Board (DRB) approval number: CBDRB-FY23-0265). 

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, November Full Report, January 5, 2024. 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 November

Nov. Oct. Sep. Oct. - Sep. - Aug. - Nov. Oct. Sep. Nov. 2023/

2023p 2023r 2023 Nov. Oct. Sep. 2023p 2023r 2023 2022 2022

MATERIALS AND SUPPLIES

 All manufacturing industries....................... 315,751 315,671 315,488 0.0 0.1 0.1 314,029 315,951 314,608 316,306 -0.7

 Durable goods industries.......................... 197,236 197,252 197,185 0.0 0.0 0.0 196,124 196,780 197,323 194,632 0.8

 Wood products................................... 7,560 7,598 7,593 -0.5 0.1 0.4 7,677 7,679 7,537 7,828 -1.9

 Nonmetallic mineral products................. 7,650 7,666 7,708 -0.2 -0.5 -0.5 7,584 7,604 7,678 7,436 2.0

 Primary metals.................................... 18,558 18,540 18,724 0.1 -1.0 -0.2 18,446 18,567 18,782 18,808 -1.9

 Fabricated metal products.......................... 24,248 24,251 24,266 0.0 -0.1 -0.1 24,007 24,052 24,459 24,847 -3.4

 Machinery.......................................... 40,441 40,446 40,431 0.0 0.0 -0.7 40,273 40,392 40,411 39,682 1.5

 Computers and electronic products........ 27,410 27,083 26,992 1.2 0.3 0.8 27,430 27,146 27,038 26,104 5.1

 Electrical equipment, appliances,

 and components............................... 12,846 12,844 12,899 0.0 -0.4 1.0 12,596 12,557 12,640 12,087 4.2

 Transportation equipment..................... 43,415 43,744 43,471 -0.8 0.6 -0.1 43,151 43,829 43,679 42,972 0.4

 Furniture and related products............... 5,259 5,271 5,301 -0.2 -0.6 1.0 5,084 5,078 5,212 5,200 -2.2

 Miscellaneous products......................... 9,849 9,809 9,800 0.4 0.1 0.4 9,876 9,876 9,887 9,668 2.2

 Nondurable goods industries...................... 118,515 118,419 118,303 0.1 0.1 0.3 117,905 119,171 117,285 121,674 -3.1

 Food products.................................... 26,534 26,486 25,985 0.2 1.9 -0.1 26,864 27,364 25,776 26,925 -0.2

 Beverage and tobacco products........................ 6,312 6,243 6,405 1.1 -2.5 -1.1 6,430 6,279 6,262 6,509 -1.2

 Textiles.............................................. 1,491 1,476 1,477 1.0 -0.1 0.7 1,472 1,452 1,476 1,465 0.5

 Textile products................................... 1,694 1,691 1,691 0.2 0.0 -0.4 1,693 1,691 1,696 1,743 -2.9

 Apparel............................................. 568 567 566 0.2 0.2 0.0 558 576 575 626 -10.9

 Leather and allied products.................... 386 377 377 2.4 0.0 -2.1 378 369 379 418 -9.6

 Paper products.................................... 9,242 9,249 9,265 -0.1 -0.2 -0.3 9,165 9,145 9,301 9,675 -5.3

 Printing ............................................. 3,360 3,316 3,392 1.3 -2.2 -2.5 3,375 3,342 3,470 3,794 -11.0

 Petroleum and coal products................. 15,542 15,152 15,169 2.6 -0.1 7.7 14,947 15,258 14,763 14,493 3.1

 Chemical products................................ 39,157 39,371 39,410 -0.5 -0.1 -1.1 38,884 39,278 39,014 40,273 -3.4

 Plastics and rubber products.................. 14,229 14,491 14,566 -1.8 -0.5 -0.2 14,139 14,417 14,573 15,753 -10.2

WORK IN PROCESS

 All manufacturing industries....................... 242,725 242,264 242,427 0.2 -0.1 0.1 243,301 243,560 241,221 242,754 0.2

 Durable goods industries.......................... 179,896 179,176 178,193 0.4 0.6 0.4 180,325 179,643 178,305 178,986 0.7

 Wood products................................... 1,793 1,807 1,806 -0.8 0.1 1.1 1,790 1,799 1,775 2,132 -16.0

 Nonmetallic mineral products................. 1,789 1,786 1,772 0.2 0.8 0.5 1,719 1,718 1,731 1,561 10.1

 Primary metals.................................... 12,246 12,300 12,319 -0.4 -0.2 0.3 12,071 12,306 12,305 12,805 -5.7

 Fabricated metal products.......................... 17,429 17,335 17,286 0.5 0.3 0.7 17,310 17,250 17,227 16,313 6.1

 Machinery.......................................... 24,414 24,437 24,312 -0.1 0.5 1.0 24,679 24,093 24,438 24,307 1.5

 Computers and electronic products........ 13,944 13,923 13,775 0.2 1.1 -0.8 13,971 13,919 13,451 14,566 -4.1

 Electrical equipment, appliances,

 and components............................... 4,538 4,513 4,619 0.6 -2.3 -1.5 4,454 4,444 4,536 4,576 -2.7

 Transportation equipment..................... 97,516 96,855 96,111 0.7 0.8 0.5 98,056 97,831 96,617 96,454 1.7

 Furniture and related products............... 1,402 1,422 1,406 -1.4 1.1 -2.0 1,439 1,434 1,402 1,569 -8.3

 Miscellaneous products......................... 4,825 4,798 4,787 0.6 0.2 0.1 4,836 4,849 4,823 4,703 2.8

 Nondurable goods industries...................... 62,829 63,088 64,234 -0.4 -1.8 -0.8 62,976 63,917 62,916 63,768 -1.2

 Food products.................................... 6,406 6,235 7,189 2.7 -13.3 -3.6 7,028 7,025 6,715 8,533 -17.6

 Beverage and tobacco products........................ 11,195 11,228 11,291 -0.3 -0.6 0.1 11,403 11,433 11,090 11,042 3.3

 Textiles.............................................. 560 559 558 0.2 0.2 -2.1 558 558 563 615 -9.3

 Textile products................................... 469 470 466 -0.2 0.9 2.0 473 471 475 493 -4.1

 Apparel............................................. 328 314 300 4.5 4.7 2.0 329 323 311 278 18.3

 Leather and allied products.................... 149 149 140 0.0 6.4 3.7 147 147 138 128 14.8

 Paper products.................................... 1,789 1,766 1,774 1.3 -0.5 0.7 1,768 1,736 1,759 1,634 8.2

 Printing ............................................. 1,122 1,140 1,155 -1.6 -1.3 -0.9 1,147 1,202 1,216 1,275 -10.0

 Petroleum and coal products................. 17,635 17,913 18,076 -1.6 -0.9 1.1 16,903 17,826 17,996 16,545 2.2

 Chemical products................................ 19,271 19,407 19,431 -0.7 -0.1 -1.0 19,284 19,240 18,793 19,352 -0.4

 Plastics and rubber products.................. 3,905 3,907 3,854 -0.1 1.4 -5.6 3,936 3,956 3,860 3,873 1.6

FINISHED GOODS

 All manufacturing industries....................... 298,607 298,530 298,548 0.0 0.0 0.2 297,413 298,973 298,555 298,178 -0.3

 Durable goods industries.......................... 147,644 147,969 148,118 -0.2 -0.1 -0.2 146,968 147,372 146,768 144,872 1.4

 Wood products................................... 6,472 6,495 6,532 -0.4 -0.6 0.1 6,352 6,340 6,257 6,533 -2.8

 Nonmetallic mineral products................. 7,831 7,801 7,776 0.4 0.3 0.2 7,550 7,553 7,643 7,403 2.0

 Primary metals.................................... 15,079 15,208 15,220 -0.8 -0.1 -1.3 14,634 14,700 14,957 14,753 -0.8

 Fabricated metal products.......................... 23,123 23,109 23,131 0.1 -0.1 -0.8 22,627 22,658 22,726 22,914 -1.3

 Machinery.......................................... 30,065 29,994 30,182 0.2 -0.6 0.7 30,247 29,823 29,858 28,319 6.8

 Computers and electronic products........ 14,086 14,289 14,383 -1.4 -0.7 -0.5 14,395 14,561 14,313 15,120 -4.8

 Electrical equipment, appliances,

 and components............................... 9,088 9,039 8,823 0.5 2.4 -1.2 8,916 8,849 8,635 8,549 4.3

 Transportation equipment..................... 25,104 25,233 25,227 -0.5 0.0 -0.1 25,274 25,870 25,489 24,066 5.0

 Furniture and related products............... 3,505 3,508 3,499 -0.1 0.3 -0.1 3,532 3,522 3,500 3,740 -5.6

 Miscellaneous products......................... 13,291 13,293 13,345 0.0 -0.4 0.2 13,441 13,496 13,390 13,475 -0.3

 Nondurable goods industries...................... 150,963 150,561 150,430 0.3 0.1 0.6 150,445 151,601 151,787 153,306 -1.9

 Food products.................................... 37,702 38,053 37,719 -0.9 0.9 0.4 38,314 39,649 38,903 38,042 0.7

 Beverage and tobacco products........................ 13,142 13,069 13,120 0.6 -0.4 -0.9 13,024 12,945 13,009 13,808 -5.7

 Textiles.............................................. 1,498 1,508 1,521 -0.7 -0.9 -1.8 1,476 1,494 1,522 1,645 -10.3

 Textile products................................... 1,480 1,467 1,480 0.9 -0.9 -0.6 1,490 1,475 1,482 1,705 -12.6

 Apparel............................................. 1,265 1,274 1,289 -0.7 -1.2 -1.8 1,242 1,312 1,344 1,348 -7.9

 Leather and allied products.................... 738 732 748 0.8 -2.1 0.4 739 730 756 817 -9.5

 Paper products.................................... 6,855 6,863 6,874 -0.1 -0.2 0.3 6,677 6,736 6,852 6,876 -2.9

 Printing ............................................. 1,967 2,001 2,048 -1.7 -2.3 -1.3 1,962 2,024 2,047 2,143 -8.4

 Petroleum and coal products................. 16,805 16,546 16,936 1.6 -2.3 1.5 16,643 16,584 17,186 18,572 -10.4

 Chemical products................................ 54,387 54,046 53,642 0.6 0.8 0.9 53,941 53,808 53,775 53,241 1.3

 Plastics and rubber products.................. 15,124 15,002 15,053 0.8 -0.3 0.9 14,937 14,844 14,911 15,109 -1.1

p

 Preliminary 

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

1

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

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

model parameters. Estimates are not adjusted for price changes. 

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/>. 

The Census Bureau has reviewed this data product to ensure appropriate access, use, and disclosure avoidance protection of the confidential source data (Project No. P-6000307, Disclosure Review Board (DRB) approval number: CBDRB-FY23-

0265). 

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, November Full Report, January 5, 2024. 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 Nov Oct Sep Aug Nov Oct Sep Aug

2023p 2023r 2023 2023 2023p 2023r 2023 2023

All manufacturing industries3.................................... 1.48 1.48 1.46 1.46 (X) (X) (X) (X)

Durable goods industries3........................................ 1.85 1.87 1.85 1.84 6.95 6.91 6.88 6.78

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

 Nonmetallic mineral products............................. 1.29 1.30 1.30 1.30 (X) (X) (X) (X)

 Primary metals............................................................ 1.73 1.75 1.75 1.75 1.45 1.46 1.45 1.44

 Fabricated metal products...................................... 1.78 1.80 1.79 1.81 3.67 3.70 3.67 3.70

 Machinery..................................................................... 2.50 2.49 2.49 2.47 3.95 3.98 4.01 3.99

 Computers and electronic products3................... 1.86 1.87 1.86 1.88 5.86 5.90 5.94 5.98

 Electrical equipment, appliances,

 and components.................................................... 1.87 1.86 1.84 1.86 3.40 3.41 3.40 3.42

 Transportation equipment..................................... 1.84 1.88 1.82 1.78 15.10 14.90 14.79 14.37

 Furniture and related products............................ 1.51 1.51 1.51 1.52 1.80 1.78 1.78 1.81

 Miscellaneous products.......................................... 1.92 1.94 1.95 1.92 (X) (X) (X) (X)

Nondurable goods industries................................... 1.12 1.12 1.10 1.10 (X) (X) (X) (X)

 Food products............................................................. 0.88 0.89 0.89 0.89 (X) (X) (X) (X)

 Beverage and tobacco products........................... 1.69 1.69 1.70 1.73 (X) (X) (X) (X)

 Textiles.......................................................................... 1.71 1.69 1.69 1.71 (X) (X) (X) (X)

 Textile products......................................................... 1.87 1.83 1.84 1.83 (X) (X) (X) (X)

 Apparel........................................................................ 2.67 2.63 2.60 2.55 (X) (X) (X) (X)

 Leather and allied products................................ 2.45 2.41 2.69 2.67 (X) (X) (X) (X)

 Paper products.......................................................... 1.04 1.04 1.04 1.04 (X) (X) (X) (X)

 Printing........................................................................ 0.90 0.90 0.91 0.92 (X) (X) (X) (X)

 Petroleum and coal products............................... 0.75 0.74 0.69 0.68 (X) (X) (X) (X)

 Chemical products................................................... 1.44 1.45 1.45 1.45 (X) (X) (X) (X)

 Plastics and rubber products................................ 1.34 1.35 1.35 1.36 (X) (X) (X) (X)

Nov3 Nov3 Nov3 Nov3

Industry 2022- 2022- 2022- 2022-

Nov2 Oct Nov2 Oct Nov2 Oct Nov2 Oct

2023 2023 2023 2023 2023 2023 2023 2023

All manufacturing industries.................. (X) 0.2 (X) 0.3 (X) 0.0 (X) 0.1

Durable goods industries....................... 0.0 0.2 0.0 0.4 0.0 0.0 0.0 0.1

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

 Nonmetallic mineral products.............. (X) 0.3 (X) (NA) (X) (NA) (X) 0.2

 Primary metals............................................. -0.1 0.2 -0.1 0.3 0.1 0.1 -0.1 0.2

 Fabricated metal products.................... -0.1 0.2 0.0 0.3 -0.1 0.1 0.1 0.1

 Machinery...................................................... 0.0 0.3 -0.1 0.5 0.0 0.1 -0.1 0.1

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

 Electrical equipment, appliances,

 and components..................................... -0.2 0.2 -0.1 0.9 0.0 0.3 -0.1 0.2

 Transportation equipment.................... -0.1 0.4 0.0 1.2 0.0 0.1 0.0 0.1

 Furniture and related products............. (X) 0.3 (X) 0.8 (X) 0.3 (X) 0.3

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

Nondurable goods industries................... (X) 0.3 (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) 0.4 (X) (NA) (X) (NA) (X) 0.3

 Textile products......................................... (X) 0.2 (X) (NA) (X) (NA) (X) 0.2

 Apparel......................................................... (X) 0.4 (X) (NA) (X) (NA) (X) 0.5

 Leather and allied products.................. (X) 0.8 (X) (NA) (X) (NA) (X) 0.5

 Paper products............................................ (X) 0.1 (X) (NA) (X) (NA) (X) 0.2

 Printing.......................................................... (X) 0.5 (X) (NA) (X) (NA) (X) 0.5

 Petroleum and coal products............... (X) 1.1 (X) (NA) (X) (NA) (X) 0.4

 Chemical products................................... (X) 0.3 (X) (NA) (X) (NA) (X) 0.1

 Plastics and rubber products................ (X) 0.2 (X) (NA) (X) (NA) (X) 0.2

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/>. 

The Census Bureau has reviewed this data product to ensure appropriate access, use, and disclosure avoidance protection of the confidential source data 

(Project No. P-6000307, Disclosure Review Board (DRB) approval number: CBDRB-FY23-0265). 

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, November Full Report, January 5, 2024. 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/>.

The Census Bureau has reviewed this data product to ensure appropriate access, use, and disclosure avoidance protection of the confidential 

source data (Project No. P-6000307, Disclosure Review Board (DRB) approval number: CBDRB-FY23-0265). 

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, November Full Report, January 5, 2024. 

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