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FOR RELEASE AT 10:00 AM EDT, THURSDAY, JULY 2, 2020

MONTHLY FULL REPORT ON MANUFACTURERS’ SHIPMENTS, INVENTORIES AND ORDERS 

MAY 2020

Release Number: CB 20-97 M3-2 (20)-05

Statement Regarding COVID-19 Impact: Due to recent events surrounding COVID-19, many businesses are 

operating on a limited capacity or have ceased operations completely. The Census Bureau has monitored 

response and data quality and determined estimates in this release meet publication standards. For more 

information on the compilation of this month's reports, see < M3 COVID-19 FAQs>.

July 2, 2020 — The U.S. Census Bureau announces the May full report on manufacturers’ shipments, 

inventories and orders:

MANUFACTURED GOODS – NEW ORDERS

MAY 2020 $412.8 billion +8.0%°

APRIL 2020

(revised) $382.3 billion -13.5%°

Next release: August 4, 2020

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, July 2, 2020.

Summary

New orders for manufactured goods in May, up following two consecutive monthly decreases, increased

$30.5 billion or 8.0 percent to $412.8 billion, the U.S. Census Bureau reported today. This followed a 13.5

percent April decrease. Shipments, up following four consecutive monthly decreases, increased $12.5

billion or 3.1 percent to $417.0 billion. This followed a 14.0 percent April decrease. Unfilled orders, up

following two consecutive monthly decreases, increased $0.7 billion or 0.1 percent to $1,108.5 billion. 

This followed a 1.5 percent April decrease. The unfilled orders-to-shipments ratio was 7.53, down from 

7.70 in April. Inventories, up following four consecutive monthly decreases, increased $1.1 billion or 0.2 

percent to $687.0 billion. This followed a 0.5 percent April decrease. The inventories-to-shipments ratio 

was 1.65, down from 1.70 in April.

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

July 2, 2020.
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New Orders

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

increased $26.3 billion or 15.7 percent to $193.8 billion, down from the previously published 15.8 percent 

increase. This followed an 18.3 percent April decrease. Transportation equipment, also up following two 

consecutive monthly decreases, led the increase, $21.1 billion or 82.0 percent to $46.9 billion. New orders 

for manufactured nondurable goods increased $4.2 billion or 2.0 percent to $219.0 billion.

Shipments

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

increased $8.3 billion or 4.4 percent to $198.0 billion, unchanged from the previously published increase. 

This followed an 18.8 percent April decrease. Transportation equipment, also up following two 

consecutive monthly decreases, led the increase, $5.1 billion or 12.4 percent to $46.6 billion. Shipments of 

manufactured nondurable goods, up following four consecutive monthly decreases, increased $4.2 billion 

or 2.0 percent to $219.0 billion. This followed a 9.3 percent April decrease. Petroleum and coal products,

also up following four consecutive monthly decreases, led the increase, $3.1 billion or 12.1 percent to 

$28.2 billion.

Unfilled Orders

Unfilled orders for manufactured durable goods in May, up following two consecutive monthly decreases,

increased $0.7 billion or 0.1 percent to $1,108.5 billion, unchanged from the previously published increase. 

This followed a 1.5 percent April decrease. Transportation equipment, also up following two consecutive 

monthly decreases, led the increase, $0.3 billion or virtually unchanged to $760.0 billion.

Inventories

Inventories of manufactured durable goods in May, up three consecutive months, increased $0.3 billion or 

0.1 percent to $425.0 billion, unchanged from the previously published increase. This followed a virtually 

unchanged April increase. Transportation equipment, up twenty-two of the last twenty-three months, 

drove the increase, $1.3 billion or 0.9 percent to $144.0 billion. Inventories of manufactured nondurable 

goods, up following four consecutive monthly decreases, increased $0.8 billion or 0.3 percent to $262.0

billion. This followed a 1.2 percent April decrease. Petroleum and coal products, also up following four

consecutive monthly decreases, drove the increase, $1.8 billion or 6.5 percent to $28.8 billion. By stage of 

fabrication, May materials and supplies were virtually unchanged in durable goods and decreased 0.2

percent in nondurable goods. Work in process increased 0.2 percent in durable goods and 2.5 percent in

nondurable goods. Finished goods were virtually unchanged in durable goods and decreased 0.1 percent

in nondurable goods.
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The Advance Report on durable goods for June is scheduled for release on July 27, 2020 at 8:30 a.m. EDT

and the Full Report on August 4, 2020 at 10:00 a.m. EDT. View the full schedule in the Economic Briefing

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

<www.census.gov/m3>.

EXPLANATORY NOTES

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

exclude data for semiconductor manufacturing. 

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

decrease. 

Description of the survey 

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

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

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

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

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

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

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

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

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

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

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

approximately 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 
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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>.

BENCHMARK NOTICE

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

issued on May 15, 2020. These revisions result from

• benchmarking the M3 shipments and inventories data to the 2017 Economic Census data on a 

2017 NAICS basis;

• incorporating the unfilled orders to shipments ratios obtained for 2017 and 2016 from the 

Manufacturers’ Unfilled Orders (M3UFO) Survey by applying these ratios to the respective 2017 

Economic Census data and 2016 ASM shipments data;

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

orders data;

• correcting the seasonal adjusted new order data derived from the monthly estimate of 

shipments plus the change in unfilled orders between the current and prior period for January 

2002;

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

previously reported data;

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

annual review of the seasonal adjustment models. 

These revisions spanned the seasonally adjusted data for January 2007 through March 2020 and the data 

not seasonally adjusted for January 2012 through March 2020. An updated Press Release contains revised 

monthly tables for January 2020 through March 2020. Please call M3 staff on (301) 763-4832 with any 

questions.
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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

May Apr. Mar. Apr. - Mar. - Feb. - May Apr. Mar. May 2020/

2020p 2020r 2020 May Apr. Mar. 2020p 2020r 2020 2019 2020p 2019 2019

 All manufacturing industries.................. 417,020 404,544 470,383 3.1 -14.0 -5.5 419,715 404,341 493,599 521,475 2,256,717 2,484,588 -9.2

 Excluding transportation................... 370,467 363,123 396,919 2.0 -8.5 -3.8 373,095 363,032 412,146 432,786 1,930,207 2,047,907 -5.7

 Excluding defense.............................. 402,915 390,275 456,685 3.2 -14.5 -5.5 405,972 390,947 478,586 507,292 2,188,624 2,416,997 -9.4

 With unfilled orders............................ 147,191 143,820 168,051 2.3 -14.4 -2.5 146,928 142,282 181,330 179,069 791,125 861,492 -8.2

 Durable goods industries......................... 198,001 189,742 233,588 4.4 -18.8 -5.5 197,480 188,568 250,002 256,822 1,096,578 1,237,187 -11.4

 Wood products....................................... 8,582 8,255 9,111 4.0 -9.4 -0.6 9,204 8,830 9,075 9,852 43,596 43,792 -0.4

 Nonmetallic mineral products.................... 11,283 10,952 11,427 3.0 -4.2 -0.5 11,561 11,186 11,290 12,167 54,240 54,257 0.0

 Primary metals....................................... 16,895 16,653 18,963 1.5 -12.2 -2.8 17,224 17,379 20,235 21,280 93,736 104,450 -10.3

 Iron and steel mills............................ 8,472 8,489 9,788 -0.2 -13.3 -1.8 8,708 8,988 10,380 11,386 48,133 55,740 -13.6

 Aluminum and nonferrous metals.......... 7,245 7,083 7,828 2.3 -9.5 -4.1 7,326 7,259 8,401 8,289 39,136 40,854 -4.2

 Ferrous metal foundries....................... 1,178 1,081 1,347 9.0 -19.7 -2.1 1,190 1,132 1,454 1,605 6,467 7,856 -17.7

 Fabricated metal products....................... 28,212 27,397 30,848 3.0 -11.2 -3.2 28,644 27,681 31,797 33,242 148,553 156,942 -5.3

 Machinery............................................. 28,688 28,211 30,824 1.7 -8.5 -1.7 28,870 28,275 33,874 33,913 150,051 160,794 -6.7

 Farm machinery................................. 1,570 1,567 1,693 0.2 -7.4 -5.2 1,623 1,913 2,201 2,080 9,464 11,090 -14.7

 Construction machinery..................... 2,228 2,292 2,651 -2.8 -13.5 -6.3 2,261 2,396 2,928 3,397 12,993 15,653 -17.0

 Mining, oil field, and 

 gas field machinery.......................... 1,145 1,247 1,379 -8.2 -9.6 -3.0 1,079 1,170 1,454 1,591 6,442 7,196 -10.5

 Industrial machinery.......................... 3,148 3,060 3,254 2.9 -6.0 1.2 3,028 2,809 3,706 2,880 15,065 13,498 11.6

 Photographic equipment...................... 539 505 541 6.7 -6.7 -3.0 489 456 606 504 2,517 2,542 -1.0

 Ventilation, heating, air-conditioning,

 and refrigeration equipment............ 3,451 3,323 3,810 3.9 -12.8 1.1 3,718 3,340 4,042 4,425 17,181 18,618 -7.7

 Metalworking machinery..................... 2,357 2,307 2,476 2.2 -6.8 -4.3 2,237 2,187 2,620 2,720 11,759 13,211 -11.0

 Turbines, generators, and other

 power transmission equipment....... 3,590 3,455 3,936 3.9 -12.2 0.6 3,688 3,459 3,995 4,232 19,000 20,521 -7.4

 Material handling equipment............... 2,551 2,574 2,737 -0.9 -6.0 -1.2 2,508 2,578 2,926 2,974 13,395 14,368 -6.8

 Computers and electronic products2.......... 28,745 28,610 28,465 0.5 0.5 -0.7 26,984 26,135 30,516 27,142 135,252 134,055 0.9

 Computers........................................ 563 559 560 0.7 -0.2 -4.1 558 524 568 636 2,584 2,957 -12.6

 Computer storage devices..................... 483 484 498 -0.2 -2.8 0.2 359 354 686 253 2,141 1,360 57.4

 Other peripheral equipment................ 793 725 705 9.4 2.8 -3.2 728 572 787 643 3,317 3,153 5.2

 Nondefense communications

 equipment.................................... 3,515 3,485 3,492 0.9 -0.2 2.9 3,180 3,133 4,133 3,071 15,929 15,058 5.8

 Defense communications equipment.... 273 264 255 3.4 3.5 0.4 253 269 270 252 1,250 1,298 -3.7

 Audio and video equipment.................... 281 277 263 1.4 5.3 -8.4 269 232 240 340 1,227 1,514 -19.0

 Electronic components......................... 4,228 4,193 4,113 0.8 1.9 -0.9 4,241 4,085 4,328 3,930 20,304 18,659 8.8

 Nondefense search and navigation

 equipment...................................... 1,488 1,501 1,520 -0.9 -1.3 -1.3 1,442 1,364 1,774 1,624 7,426 7,944 -6.5

 Defense search and navigation

 equipment..................................... 3,016 3,011 3,003 0.2 0.3 0.0 2,902 2,900 3,267 2,852 14,437 13,944 3.5

 Electromedical, measuring,

 and control instruments................. 8,771 8,775 8,876 0.0 -1.1 -0.9 8,390 7,985 9,831 8,886 41,795 43,593 -4.1

 Electrical equipment, appliances, 

 and components................................... 10,141 10,013 11,158 1.3 -10.3 0.4 9,987 9,828 11,864 11,172 51,727 52,730 -1.9

 Electric lighting equipment..................... 922 933 1,018 -1.2 -8.3 -0.7 932 922 1,050 1,076 4,775 4,902 -2.6

 Household appliances........................ 1,813 1,610 1,922 12.6 -16.2 -0.5 1,741 1,592 2,020 1,946 8,639 9,054 -4.6

 Electrical equipment............................ 2,941 3,079 3,494 -4.5 -11.9 3.3 2,919 2,962 3,922 3,470 15,913 16,384 -2.9

 Batteries........................................... 749 639 769 17.2 -16.9 0.4 679 616 738 717 3,322 3,406 -2.5

 Transportation equipment........................ 46,553 41,421 73,464 12.4 -43.6 -13.4 46,620 41,309 81,453 88,689 326,510 436,681 -25.2

 Automobiles..................................... 1,692 473 6,021 257.7 -92.1 -31.3 1,693 479 6,535 9,690 25,374 46,605 -45.6

 Light trucks and utility vehicles.............. 3,997 2,190 13,457 82.5 -83.7 -30.9 3,915 2,243 14,894 19,869 57,127 101,400 -43.7

 Heavy duty trucks ............................. 1,581 1,279 2,031 23.6 -37.0 -15.5 1,602 1,325 2,245 2,898 9,638 13,624 -29.3

 Motor vehicle bodies, parts, 

 and trailers.................................... 21,080 18,368 26,446 14.8 -30.5 -7.7 21,282 19,213 28,506 29,968 126,082 144,040 -12.5

 Nondefense aircraft and parts................ 3,451 4,350 10,733 -20.7 -59.5 12.2 3,350 3,807 13,042 10,684 34,172 58,834 -41.9

 Defense aircraft and parts.................. 3,986 4,213 3,833 -5.4 9.9 -12.8 3,884 3,704 4,347 4,835 19,605 22,720 -13.7

 Ships and boats................................. 2,618 2,363 2,662 10.8 -11.2 -9.8 2,644 2,367 2,903 3,293 13,385 15,429 -13.2

 Furniture and related products.................. 6,108 5,855 6,564 4.3 -10.8 -2.3 6,043 5,825 6,556 6,732 31,479 32,316 -2.6

 Miscellaneous durable goods................. 12,794 12,375 12,764 3.4 -3.0 1.6 12,343 12,120 13,342 12,633 61,434 61,170 0.4

 Nondurable goods industries..................... 219,019 214,802 236,795 2.0 -9.3 -5.4 222,235 215,773 243,597 264,653 1,160,139 1,247,401 -7.0

 Food products....................................... 66,739 66,810 68,695 -0.1 -2.7 2.0 66,218 65,486 70,205 66,623 333,519 329,140 1.3

 Grain and oilseed milling....................... 7,330 7,044 6,871 4.1 2.5 2.2 6,999 6,875 7,083 6,741 34,279 34,313 -0.1

 Dairy products.................................. 10,238 10,235 10,630 0.0 -3.7 1.2 10,291 10,044 10,862 10,505 51,584 50,449 2.2

 Meat, poultry, and seafood products... 17,662 18,173 19,625 -2.8 -7.4 1.8 18,154 18,209 19,870 19,960 93,445 97,659 -4.3

 Beverage and tobacco products................ 12,840 12,398 13,620 3.6 -9.0 7.4 13,337 12,416 13,745 14,361 63,430 64,517 -1.7

 Beverages......................................... 8,986 9,077 9,318 -1.0 -2.6 0.3 9,483 9,095 9,443 10,027 44,749 44,750 0.0

 Tobacco............................................ 3,854 3,321 4,302 16.0 -22.8 26.8 3,854 3,321 4,302 4,334 18,681 19,767 -5.5

 Textile mills........................................... 1,922 1,856 2,232 3.6 -16.8 -1.1 1,990 1,900 2,333 2,435 10,585 11,714 -9.6

 Textile products................................... 1,705 1,651 1,871 3.3 -11.8 -2.0 1,759 1,696 1,908 2,104 8,984 10,116 -11.2

 Apparel................................................ 853 831 885 2.6 -6.1 -1.3 789 719 822 881 4,056 4,217 -3.8

 Leather and allied products...................... 340 303 357 12.2 -15.1 -7.3 334 298 366 390 1,773 2,033 -12.8

 Paper products...................................... 16,114 16,140 16,311 -0.2 -1.0 1.0 16,105 15,811 16,669 16,603 80,224 79,835 0.5

 Pulp, paper, and paperboard mills....... 6,556 6,561 6,606 -0.1 -0.7 3.0 6,458 6,396 6,722 6,579 32,283 32,052 0.7

 Paperboard containers........................ 5,758 5,645 5,753 2.0 -1.9 -1.0 5,713 5,621 5,898 5,984 28,551 28,706 -0.5

 Printing................................................. 6,397 6,425 7,164 -0.4 -10.3 -2.2 6,416 6,510 7,233 7,310 34,181 34,448 -0.8

 Petroleum and coal products.................. 28,219 25,163 37,278 12.1 -32.5 -29.6 30,527 25,744 36,671 62,065 190,578 273,518 -30.3

 Petroleum refineries.......................... 24,354 21,607 32,706 12.7 -33.9 -32.4 26,504 22,286 32,487 57,485 171,383 254,072 -32.5

 Chemical products..................................... 65,208 64,969 68,156 0.4 -4.7 0.2 65,664 66,435 72,723 70,247 335,496 335,350 0.0

 Pesticides, fertilizers, and other

 agricultural chemicals....................... 2,689 2,719 2,700 -1.1 0.7 -2.3 3,165 3,529 3,516 3,646 15,538 16,809 -7.6

 Pharmaceuticals and medicines............. 24,370 24,306 24,057 0.3 1.0 3.5 24,090 24,313 25,186 22,338 117,655 108,255 8.7

 Paints, coatings, and adhesives.......... 4,123 4,045 4,449 1.9 -9.1 1.1 4,542 4,524 4,728 5,154 21,893 20,972 4.4

 Plastics and rubber products.................. 18,682 18,256 20,226 2.3 -9.7 -0.6 19,096 18,758 20,922 21,634 97,313 102,513 -5.1

Year to date

p

 Preliminary 

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

1

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

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

model parameters. Estimates are not adjusted for price changes. 

2

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

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

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

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, May Full Report, July 2, 2020. 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

May Apr. Mar. Apr. - Mar. - Feb. - May Apr. Mar. May 2020/

2020p 2020r 2020 May Apr. Mar. 2020p 2020r 2020 2019 2020p 2019 2019

All manufacturing industries2........................ 412,838 382,304 441,815 8.0 -13.5 -11.0 409,105 381,868 472,892 503,312 2,202,484 2,455,522 -10.3

 Excluding transportation2...................... 365,943 356,542 391,413 2.6 -8.9 -4.0 368,682 358,154 409,146 427,164 1,915,052 2,034,890 -5.9

 Excluding defense2

.............................. 397,994 369,967 424,425 7.6 -12.8 -11.2 397,507 371,111 451,062 490,889 2,129,956 2,386,997 -10.8

 With unfilled orders2............................. 147,881 126,453 144,175 16.9 -12.3 -18.1 140,540 124,104 164,757 165,216 759,519 855,435 -11.2

 Durable goods industries2......................... 193,819 167,502 205,020 15.7 -18.3 -16.7 186,870 166,095 229,295 238,659 1,042,345 1,208,121 -13.7

 Primary metals........................................ 17,182 15,782 18,451 8.9 -14.5 -4.8 17,139 16,402 19,836 20,726 93,150 104,906 -11.2

 Iron and steel mills.............................. 8,884 7,800 9,072 13.9 -14.0 -8.5 8,871 8,253 9,871 10,879 47,528 55,837 -14.9

 Aluminum and nonferrous metals.......... 7,117 6,860 8,037 3.7 -14.6 -2.3 7,082 6,991 8,617 8,316 39,229 41,189 -4.8

 Ferrous metal foundries....................... 1,181 1,122 1,342 5.3 -16.4 8.8 1,186 1,158 1,348 1,531 6,393 7,880 -18.9

 Fabricated metal products........................ 28,145 26,211 30,341 7.4 -13.6 -3.5 28,991 26,804 32,196 33,498 149,724 160,019 -6.4

 Machinery............................................. 28,647 28,503 30,991 0.5 -8.0 -1.7 28,511 28,892 33,869 32,737 153,185 162,868 -5.9

 Construction machinery........................ 2,288 2,204 2,422 3.8 -9.0 -8.5 2,148 2,199 2,688 2,578 12,791 14,729 -13.2

 Mining, oil field, and

 gas field machinery.......................... 1,025 1,263 1,309 -18.8 -3.5 -9.2 959 1,186 1,384 1,461 6,207 6,917 -10.3

 Industrial machinery............................ 3,150 3,033 3,107 3.9 -2.4 -3.9 2,905 2,876 3,572 2,671 15,430 13,925 10.8

 Photographic equipment....................... 557 533 533 4.5 0.0 -5.8 474 472 563 425 2,472 2,226 11.1

 Ventilation, heating, air-conditioning,

 and refrigeration equipment............... 3,448 3,314 3,907 4.0 -15.2 3.1 3,712 3,407 4,200 4,405 17,837 19,571 -8.9

 Metalworking machinery....................... 2,346 2,380 2,494 -1.4 -4.6 -8.4 2,267 2,481 2,456 2,740 12,366 13,228 -6.5

 Turbines, generators, and other 

 power transmission equipment........... 3,592 3,518 4,040 2.1 -12.9 5.1 3,690 3,522 4,099 4,147 18,990 20,362 -6.7

 Material handling equipment.................. 2,455 2,582 2,800 -4.9 -7.8 4.4 2,386 2,564 2,948 2,957 13,355 14,114 -5.4

 Computers and electronic products2........... 23,938 23,771 23,792 0.7 -0.1 -0.5 22,389 22,079 27,045 22,611 114,106 113,359 0.7

 Computers........................................ 531 525 531 1.1 -1.1 -8.3 526 490 539 606 2,481 2,945 -15.8

 Nondefense communications

 equipment...................................... 3,537 3,496 3,475 1.2 0.6 2.6 3,051 3,234 4,187 3,047 16,254 15,583 4.3

 Defense communications equipment....... 236 212 164 11.3 29.3 -29.0 201 209 215 179 1,069 1,149 -7.0

 Electronic components......................... 4,206 4,230 4,207 -0.6 0.5 1.9 4,112 4,205 4,216 3,876 20,500 18,832 8.9

 Nondefense search and navigation

 equipment...................................... 1,609 1,549 1,536 3.9 0.8 -4.8 1,544 1,492 1,760 1,619 7,869 8,384 -6.1

 Defense search and navigation

 equipment...................................... 3,023 3,013 2,981 0.3 1.1 0.2 2,691 2,915 3,836 2,805 14,575 15,094 -3.4

 Electromedical, measuring,

 and control instruments..................... 8,777 8,797 8,944 -0.2 -1.6 -1.2 8,468 7,954 10,081 8,898 42,458 43,779 -3.0

 Electrical equipment, appliances, 

 and components................................... 10,230 10,128 11,128 1.0 -9.0 -0.7 10,109 10,150 11,960 11,309 53,044 53,825 -1.5

 Electric lighting equipment..................... 880 919 989 -4.2 -7.1 -1.4 873 909 1,023 1,074 4,652 4,956 -6.1

 Household appliances.......................... 1,891 1,625 1,919 16.4 -15.3 -2.4 1,875 1,687 2,076 2,044 8,869 9,083 -2.4

 Electrical equipment............................ 2,937 3,054 3,505 -3.8 -12.9 3.4 2,879 2,995 3,960 3,430 16,237 16,871 -3.8

 Transportation equipment........................ 46,895 25,762 50,402 82.0 -48.9 -43.2 40,423 23,714 63,746 76,148 287,432 420,632 -31.7

 Motor vehicle bodies, parts, 

 and trailers..................................... 21,026 18,115 26,287 16.1 -31.1 -8.5 21,164 18,527 28,286 29,757 126,050 143,821 -12.4

 Nondefense aircraft and parts3................ 3,072 -8,601 -16,052 (NA) (NA) -284.2 -851 -9,938 -10,797 1,288 -9,531 43,974 -121.7

 Defense aircraft and parts.................... 4,157 3,923 6,026 6.0 -34.9 35.8 2,416 3,516 7,633 2,995 19,106 22,414 -14.8

 Ships and boats.................................. 2,779 2,272 642 22.3 253.9 -91.1 1,676 1,687 2,090 3,072 17,522 18,744 -6.5

 Furniture and related products................... 6,107 5,799 6,621 5.3 -12.4 -1.8 6,184 5,954 6,944 6,973 32,445 33,266 -2.5

 Nondurable goods industries..................... 219,019 214,802 236,795 2.0 -9.3 -5.4 222,235 215,773 243,597 264,653 1,160,139 1,247,401 -7.0

Year to date

p

 Preliminary 

r

 Revised data due to late receipts and concurrent seasonal adjustment. 

1

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

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

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

2

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

3

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

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

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

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, May Full Report, July 2, 2020. 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 May

May Apr. Mar. Apr. - Mar. - Feb. - May Apr. Mar. May 2020/

2020p 2020r 2020 May Apr. Mar. 2020p 2020r 2020 2019 2019

All manufacturing industries2

...................... 1,108,502 1,107,812 1,125,179 0.1 -1.5 -2.1 1,110,536 1,116,924 1,135,102 1,158,203 -4.1

 Excluding transportation2...................... 348,531 348,183 349,891 0.1 -0.5 -0.2 352,597 352,788 353,371 354,006 -0.4

 Excluding defense2............................. 886,586 886,635 902,070 0.0 -1.7 -3.0 889,253 893,496 909,037 950,762 -6.5

 Durable goods industries2........................ 1,108,502 1,107,812 1,125,179 0.1 -1.5 -2.1 1,110,536 1,116,924 1,135,102 1,158,203 -4.1

 Primary metals........................................ 30,547 30,260 31,131 0.9 -2.8 -1.6 30,873 30,958 31,935 31,392 -1.7

 Iron and steel mills............................... 12,864 12,452 13,141 3.3 -5.2 -5.2 13,062 12,899 13,634 13,729 -4.9

 Aluminum and nonferrous metals............. 12,528 12,656 12,879 -1.0 -1.7 1.6 12,627 12,871 13,139 12,581 0.4

 Ferrous metal foundries........................ 5,155 5,152 5,111 0.1 0.8 -0.1 5,184 5,188 5,162 5,082 2.0

 Fabricated metal products......................... 72,334 72,401 73,587 -0.1 -1.6 -0.7 73,621 73,274 74,151 75,993 -3.1

 Machinery.............................................. 96,873 96,914 96,622 0.0 0.3 0.2 97,862 98,221 97,604 99,136 -1.3

 Construction machinery......................... 5,064 5,004 5,092 1.2 -1.7 -4.3 5,175 5,288 5,485 7,351 -29.6

 Mining, oil field, and

 gas field machinery.......................... 3,787 3,907 3,891 -3.1 0.4 -1.8 3,787 3,907 3,891 4,387 -13.7

 Industrial machinery............................. 8,706 8,704 8,731 0.0 -0.3 -1.7 8,856 8,979 8,912 9,111 -2.8

 Photographic equipment........................ 1,057 1,039 1,011 1.7 2.8 -0.8 1,025 1,040 1,024 1,049 -2.3

 Ventilation, heating, air-conditioning,

 and refrigeration equipment................ 6,895 6,898 6,907 0.0 -0.1 1.4 7,152 7,158 7,091 7,096 0.8

 Metalworking machinery........................ 8,020 8,031 7,958 -0.1 0.9 0.2 8,221 8,191 7,897 8,464 -2.9

 Turbines, generators, and other 

 power transmission equipment............ 23,596 23,594 23,531 0.0 0.3 0.4 23,596 23,594 23,531 23,828 -1.0

 Material handling equipment................... 11,028 11,124 11,116 -0.9 0.1 0.6 10,996 11,118 11,132 10,498 4.7

 Computers and electronic products2............. 118,595 118,530 118,496 0.1 0.0 0.0 119,223 119,596 119,357 117,936 1.1

 Computers......................................... 1,905 1,937 1,971 -1.7 -1.7 -1.5 1,905 1,937 1,971 1,979 -3.7

 Nondefense communications

 equipment...................................... 24,844 24,822 24,811 0.1 0.0 -0.1 24,957 25,086 24,985 24,699 1.0

 Defense communications equipment........ 778 815 867 -4.5 -6.0 -9.5 776 828 888 1,115 -30.4

 Electronic components.......................... 14,797 14,819 14,782 -0.1 0.3 0.6 14,861 14,990 14,870 14,253 4.3

 Nondefense search and navigation

 equipment....................................... 21,795 21,674 21,626 0.6 0.2 0.1 21,791 21,689 21,561 21,195 2.8

 Defense search and navigation

 equipment....................................... 30,675 30,668 30,666 0.0 0.0 -0.1 30,859 31,070 31,055 30,889 -0.1

 Electromedical, measuring,

 and control instruments...................... 23,801 23,795 23,773 0.0 0.1 0.3 24,074 23,996 24,027 23,806 1.1

 Electrical equipment, appliances, 

 and components.................................... 21,678 21,589 21,474 0.4 0.5 -0.1 22,100 21,978 21,656 20,901 5.7

 Electric lighting equipment..................... 1,639 1,681 1,695 -2.5 -0.8 -1.7 1,624 1,683 1,696 1,387 17.1

 Household appliances........................... 1,720 1,642 1,627 4.8 0.9 -0.2 1,786 1,652 1,557 1,375 29.9

 Electrical equipment............................. 8,604 8,608 8,633 0.0 -0.3 0.1 8,741 8,781 8,748 8,819 -0.9

 Transportation equipment......................... 759,971 759,629 775,288 0.0 -2.0 -2.9 757,939 764,136 781,731 804,197 -5.8

 Motor vehicle bodies, parts, 

 and trailers...................................... 20,316 20,370 20,623 -0.3 -1.2 -0.8 20,716 20,834 21,520 21,684 -4.5

 Nondefense aircraft and parts................ 517,890 518,269 531,220 -0.1 -2.4 -4.8 516,271 520,472 534,217 575,444 -10.3

 Defense aircraft and parts..................... 85,481 85,310 85,600 0.2 -0.3 2.6 84,538 86,006 86,194 79,872 5.8

 Ships and boats.................................. 48,884 48,723 48,814 0.3 -0.2 -4.0 49,286 50,254 50,934 45,608 8.1

 Furniture and related products................... 7,948 7,949 8,005 0.0 -0.7 0.7 8,362 8,221 8,092 8,097 3.3

p

 Preliminary 

r

 Revised data due to late receipts and concurrent seasonal adjustment. 

1

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

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

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

2

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

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

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

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

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, May Full Report, July 2, 2020. 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 May

May Apr. Mar. Apr. - Mar. - Feb. - May Apr. Mar. May 2020/

2020p 2020r 2020 May Apr. Mar. 2020p 2020r 2020 2019 2019

 All manufacturing industries...................... 687,016 685,869 689,026 0.2 -0.5 -1.1 690,502 688,560 688,034 695,910 -0.8

 Excluding transportation........................ 542,984 543,132 546,430 0.0 -0.6 -1.5 545,849 545,422 546,165 565,118 -3.4

 Excluding defense............................. 661,807 660,549 663,975 0.2 -0.5 -1.1 665,145 663,230 662,956 671,085 -0.9

 With unfilled orders............................. 346,897 346,626 346,421 0.1 0.1 0.6 349,329 348,231 345,463 337,942 3.4

 Durable goods industries........................ 425,043 424,744 424,651 0.1 0.0 0.5 427,414 426,439 423,705 416,222 2.7

 Wood products........................................ 11,649 11,824 11,860 -1.5 -0.3 0.0 11,481 11,814 12,159 12,025 -4.5

 Nonmetallic mineral products..................... 14,467 14,606 14,487 -1.0 0.8 1.0 14,738 14,833 14,736 14,675 0.4

 Primary metals......................................... 34,785 35,430 35,896 -1.8 -1.3 1.1 34,887 35,488 35,768 36,710 -5.0

 Iron and steel mills............................... 19,523 19,824 19,945 -1.5 -0.6 1.0 19,452 19,700 19,841 21,037 -7.5

 Aluminum and nonferrous metals............ 13,063 13,408 13,735 -2.6 -2.4 1.6 13,204 13,551 13,691 13,387 -1.4

 Ferrous metal foundries........................ 2,199 2,198 2,216 0.0 -0.8 -1.0 2,231 2,237 2,236 2,286 -2.4

 Fabricated metal products......................... 53,468 53,382 53,273 0.2 0.2 0.1 53,729 53,601 53,316 54,008 -0.5

 Machinery.............................................. 71,105 71,200 71,479 -0.1 -0.4 0.5 71,373 71,481 71,589 72,416 -1.4

 Farm machinery.................................. 3,884 3,906 3,808 -0.6 2.6 3.3 3,775 3,846 3,951 3,634 3.9

 Construction machinery......................... 6,196 6,094 6,082 1.7 0.2 -0.2 6,162 6,150 6,166 6,345 -2.9

 Mining, oil field, 

 and gas field machinery.................... 4,897 4,938 5,001 -0.8 -1.3 -2.5 4,873 4,953 4,988 5,614 -13.2

 Industrial machinery............................. 9,777 9,636 9,613 1.5 0.2 1.7 9,740 9,423 9,878 8,969 8.6

 Photographic equipment....................... 1,452 1,475 1,487 -1.6 -0.8 1.3 1,448 1,462 1,425 1,458 -0.7

 Ventilation, heating, air-conditioning,

 and refrigeration equipment............... 5,504 5,588 5,783 -1.5 -3.4 0.3 5,873 5,960 5,920 6,180 -5.0

 Metalworking machinery........................ 6,057 6,068 6,100 -0.2 -0.5 1.8 6,051 6,043 6,023 6,142 -1.5

 Turbines, generators, and other

 power transmission equipment............ 9,521 9,574 9,674 -0.6 -1.0 0.3 9,671 9,703 9,493 10,021 -3.5

 Material handling equipment.................. 4,877 4,964 5,035 -1.8 -1.4 -0.8 4,860 4,976 4,973 5,355 -9.2

 Computers and electronic products2

............ 44,226 44,212 43,995 0.0 0.5 0.6 44,863 44,502 43,498 44,387 1.1

 Computers......................................... 1,910 1,846 1,759 3.5 4.9 3.5 1,964 1,735 1,711 1,769 11.0

 Computer storage devices.................... 951 960 950 -0.9 1.1 1.6 923 885 849 875 5.5

 Other peripheral equipment................... 1,067 1,076 1,070 -0.8 0.6 -1.8 1,106 1,098 1,035 1,087 1.7

 Nondefense communications

 equipment...................................... 4,553 4,582 4,563 -0.6 0.4 2.1 4,690 4,596 4,541 4,616 1.6

 Defense communications equipment........ 672 667 659 0.7 1.2 -0.2 672 667 659 672 0.0

 Audio and video equipment.................... 686 685 624 0.1 9.8 1.8 654 660 580 618 5.8

 Electronic components.......................... 8,021 8,041 8,086 -0.2 -0.6 0.4 8,033 8,363 8,095 7,925 1.4

 Nondefense search and navigation

 equipment...................................... 2,951 2,932 2,901 0.6 1.1 0.2 2,952 2,938 2,856 2,779 6.2

 Defense search and navigation

 equipment....................................... 2,659 2,666 2,684 -0.3 -0.7 -0.4 2,751 2,714 2,694 2,810 -2.1

 Electromedical, measuring 

 and control instruments...................... 15,232 15,218 15,161 0.1 0.4 0.8 15,553 15,317 15,038 15,332 1.4

 Electrical equipment, appliances, 

 and components.................................... 19,863 19,906 19,718 -0.2 1.0 -0.3 20,156 20,164 19,807 20,109 0.2

 Electric lighting equipment..................... 2,029 2,030 2,052 0.0 -1.1 -0.7 2,039 2,042 2,035 2,084 -2.2

 Household appliances........................... 2,373 2,498 2,542 -5.0 -1.7 -1.8 2,422 2,544 2,575 2,799 -13.5

 Electrical equipment............................. 6,498 6,443 6,309 0.9 2.1 -0.1 6,620 6,559 6,336 6,420 3.1

 Batteries............................................ 1,885 1,865 1,866 1.1 -0.1 2.1 1,962 1,914 1,865 2,027 -3.2

 Transportation equipment......................... 144,032 142,737 142,596 0.9 0.1 0.6 144,653 143,138 141,869 130,792 10.6

 Automobiles....................................... 5,891 5,688 5,672 3.6 0.3 1.6 5,769 5,633 5,628 5,373 7.4

 Light trucks and utility vehicles.............. 4,699 4,534 5,148 3.6 -11.9 -6.1 4,609 4,484 4,993 5,307 -13.2

 Heavy duty trucks ............................... 1,959 1,967 1,906 -0.4 3.2 -1.7 2,019 1,996 1,884 1,982 1.9

 Motor vehicle bodies, parts, 

 and trailers...................................... 27,654 27,748 27,024 -0.3 2.7 0.5 27,654 27,767 27,139 26,561 4.1

 Nondefense aircraft and parts................ 74,812 73,668 73,993 1.6 -0.4 1.2 75,609 74,210 73,479 63,999 18.1

 Defense aircraft and parts..................... 12,325 12,284 12,195 0.3 0.7 -0.2 12,420 12,327 12,125 11,969 3.8

 Ships and boats.................................. 4,185 4,262 4,231 -1.8 0.7 7.6 4,139 4,158 4,302 4,199 -1.4

 Furniture and related products.................... 7,300 7,337 7,418 -0.5 -1.1 0.4 7,346 7,276 7,285 7,557 -2.8

 Miscellaneous durable goods..................... 24,148 24,110 23,929 0.2 0.8 0.6 24,188 24,142 23,678 23,543 2.7

 Nondurable goods industries...................... 261,973 261,125 264,375 0.3 -1.2 -3.5 263,088 262,121 264,329 279,688 -5.9

 Food products........................................ 54,439 55,144 55,265 -1.3 -0.2 -0.6 53,006 54,109 54,296 53,602 -1.1

 Grain and oilseed milling........................ 5,246 5,285 5,345 -0.7 -1.1 -0.5 4,980 5,189 5,353 4,926 1.1

 Dairy products.................................... 8,235 8,381 8,492 -1.7 -1.3 -1.4 8,451 8,586 8,582 8,491 -0.5

 Meat, poultry, and seafood products....... 9,343 9,776 9,797 -4.4 -0.2 -1.6 9,225 9,624 9,797 9,630 -4.2

 Beverage and tobacco products................ 25,653 25,674 25,351 -0.1 1.3 -1.4 25,700 25,950 25,628 25,665 0.1

 Beverages......................................... 21,759 21,775 21,399 -0.1 1.8 -1.5 21,882 22,043 21,566 21,589 1.4

 Tobacco............................................ 3,894 3,899 3,952 -0.1 -1.3 -0.9 3,818 3,907 4,062 4,076 -6.3

 Textile mills............................................ 3,177 3,170 3,190 0.2 -0.6 -0.2 3,188 3,176 3,177 3,259 -2.2

 Textile products...................................... 3,785 3,805 3,853 -0.5 -1.2 0.0 3,780 3,806 3,881 4,033 -6.3

 Apparel................................................. 1,846 1,858 1,806 -0.6 2.9 -0.4 1,829 1,808 1,766 1,878 -2.6

 Leather and allied products....................... 855 860 861 -0.6 -0.1 0.5 861 854 841 868 -0.8

 Paper products....................................... 15,252 15,122 14,927 0.9 1.3 -0.7 15,239 15,075 14,993 15,438 -1.3

 Pulp, paper, and paperboard mills........... 5,671 5,630 5,587 0.7 0.8 -0.4 5,694 5,658 5,662 5,855 -2.7

 Paperboard containers......................... 5,465 5,437 5,320 0.5 2.2 0.0 5,450 5,371 5,328 5,439 0.2

 Printing.................................................. 5,671 5,703 5,696 -0.6 0.1 0.5 5,621 5,781 5,702 5,630 -0.2

 Petroleum and coal products..................... 28,788 27,035 30,789 6.5 -12.2 -20.3 29,754 27,829 30,500 42,206 -29.5

 Petroleum refineries............................. 23,085 21,112 24,888 9.3 -15.2 -24.3 23,957 21,885 24,633 36,255 -33.9

 Chemical products..................................... 95,875 96,079 95,834 -0.2 0.3 -0.7 97,254 96,759 96,408 99,156 -1.9

 Pesticides, fertilizers, and other

 agricultural chemicals........................ 5,496 5,387 5,425 2.0 -0.7 0.8 5,461 5,545 5,872 5,460 0.0

 Pharmaceuticals and medicines.............. 45,046 44,896 44,330 0.3 1.3 0.2 45,820 45,061 44,333 45,583 0.5

 Paints, coatings, and adhesives.............. 3,921 4,036 4,021 -2.8 0.4 -0.2 4,001 4,164 4,135 4,152 -3.6

 Plastics and rubber products..................... 26,632 26,675 26,803 -0.2 -0.5 -0.7 26,856 26,974 27,137 27,953 -3.9

p Preliminary 

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

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

Estimates are not adjusted for price changes. 

2

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

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

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

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, May Full Report, July 2, 2020. 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

May Apr. Mar. Apr. - Mar. - Feb. - May Apr. Mar. May 2020/

2020p 2020r 2020 May Apr. Mar. 2020p 2020r 2020 2019 2020p 2019 2019

SHIPMENTS

 All manufacturing industries......................... 417,020 404,544 470,383 3.1 -14.0 -5.5 419,715 404,341 493,599 521,475 2,256,717 2,484,588 -9.2

 Construction materials and supplies....... 48,041 46,380 51,648 3.6 -10.2 -1.5 50,126 47,912 51,933 56,154 244,279 250,690 -2.6

 Information technology......................... 23,900 23,801 24,156 0.4 -1.5 -0.4 22,726 21,947 26,794 23,369 113,916 113,913 0.0

 Computers and related products........... 1,839 1,768 1,763 4.0 0.3 -2.5 1,645 1,450 2,041 1,532 8,042 7,470 7.7

 Motor vehicle and parts......................... 28,350 22,310 47,955 27.1 -53.5 -19.1 28,492 23,260 52,180 62,425 218,221 305,669 -28.6

 Capital goods...................................... 75,555 75,518 84,915 0.0 -11.1 0.3 73,789 72,118 93,997 86,273 391,365 421,586 -7.2

 Nondefense capital goods3.................. 63,127 63,081 72,923 0.1 -13.5 0.8 61,549 60,318 80,937 73,852 331,584 362,643 -8.6

 Excluding aircraft............................. 61,998 61,110 65,298 1.5 -6.4 -1.3 60,388 58,755 71,532 67,120 312,262 323,742 -3.5

 Defense capital goods4........................ 12,428 12,437 11,992 -0.1 3.7 -3.1 12,240 11,800 13,060 12,421 59,781 58,943 1.4

 Consumer goods.................................. 161,354 154,240 187,386 4.6 -17.7 -10.3 163,081 153,668 192,748 220,384 908,229 1,047,884 -13.3

 Consumer durable goods..................... 18,127 14,381 32,556 26.0 -55.8 -21.9 17,996 14,728 35,173 43,594 146,284 215,062 -32.0

 Consumer nondurable goods................ 143,227 139,859 154,830 2.4 -9.7 -7.5 145,085 138,940 157,575 176,790 761,945 832,822 -8.5

 All manufacturing industries5...................... 412,838 382,304 441,815 8.0 -13.5 -11.0 409,105 381,868 472,892 503,312 2,202,484 2,455,522 -10.3

 Construction materials and supplies....... 47,719 45,306 50,863 5.3 -10.9 -2.0 50,255 47,181 52,033 56,463 244,512 253,605 -3.6

 Information technology......................... 24,062 23,965 24,064 0.4 -0.4 -1.5 22,554 22,289 27,555 23,204 116,042 116,262 -0.2

 Computers and related products........... 1,807 1,734 1,734 4.2 0.0 -3.9 1,613 1,416 2,012 1,502 7,939 7,458 6.4

 Motor vehicle and parts......................... 28,296 22,057 47,796 28.3 -53.9 -19.5 28,374 22,574 51,960 62,214 218,189 305,450 -28.6

 Capital goods...................................... 75,701 60,509 62,023 25.1 -2.4 -29.8 68,234 57,253 77,529 75,220 358,121 414,867 -13.7

 Nondefense capital goods3.................. 62,381 49,398 46,151 26.3 7.0 -35.4 57,201 47,465 57,703 63,544 291,674 353,913 -17.6

 Excluding aircraft............................. 62,269 61,299 65,608 1.6 -6.6 -1.3 60,453 59,690 72,303 65,239 318,824 327,678 -2.7

 Defense capital goods4........................ 13,320 11,111 15,872 19.9 -30.0 -5.7 11,033 9,788 19,826 11,676 66,447 60,954 9.0

 Consumer goods.................................. 161,493 154,232 187,396 4.7 -17.7 -10.4 163,193 153,658 192,837 220,457 908,547 1,048,062 -13.3

 Consumer durable goods..................... 18,266 14,373 32,566 27.1 -55.9 -21.9 18,108 14,718 35,262 43,667 146,602 215,240 -31.9

 Consumer nondurable goods.............. 143,227 139,859 154,830 2.4 -9.7 -7.5 145,085 138,940 157,575 176,790 761,945 832,822 -8.5

 All manufacturing industries5...................... 1,108,502 1,107,812 1,125,179 0.1 -1.5 -2.1 1,110,536 1,116,924 1,135,102 1,158,203 (X) (X) -4.1

 Construction materials and supplies....... 50,116 50,438 51,512 -0.6 -2.1 -1.5 51,350 51,221 51,952 54,610 (X) (X) -6.0

 Information technology......................... 114,570 114,408 114,244 0.1 0.1 -0.1 115,336 115,508 115,166 114,052 (X) (X) 1.1

 Computers and related products........... 1,905 1,937 1,971 -1.7 -1.7 -1.5 1,905 1,937 1,971 1,979 (X) (X) -3.7

 Motor vehicle and parts......................... 20,316 20,370 20,623 -0.3 -1.2 -0.8 20,716 20,834 21,520 21,684 (X) (X) -4.5

 Capital goods...................................... 804,006 803,860 818,869 0.0 -1.8 -2.7 805,029 810,584 825,449 859,299 (X) (X) -6.3

 Nondefense capital goods3.................. 624,027 624,773 638,456 -0.1 -2.1 -4.0 624,754 629,102 641,955 691,568 (X) (X) -9.7

 Excluding aircraft............................. 216,647 216,376 216,187 0.1 0.1 0.1 218,696 218,631 217,696 217,351 (X) (X) 0.6

 Defense capital goods4........................ 179,979 179,087 180,413 0.5 -0.7 2.2 180,275 181,482 183,494 167,731 (X) (X) 7.5

 Consumer goods.................................. 4,965 4,826 4,834 2.9 -0.2 0.2 5,008 4,896 4,906 4,397 (X) (X) 13.9

 Consumer durable goods..................... 4,965 4,826 4,834 2.9 -0.2 0.2 5,008 4,896 4,906 4,397 (X) (X) 13.9 

 All manufacturing industries....................... 687,016 685,869 689,026 0.2 -0.5 -1.1 690,502 688,560 688,034 695,910 (X) (X) -0.8

 Construction materials and supplies....... 71,487 71,989 72,034 -0.7 -0.1 0.3 72,260 72,878 72,729 73,558 (X) (X) -1.8

 Information technology......................... 39,373 39,339 38,970 0.1 0.9 0.7 39,985 39,337 38,539 38,954 (X) (X) 2.6

 Computers and related products........... 3,928 3,882 3,779 1.2 2.7 1.5 3,993 3,718 3,595 3,731 (X) (X) 7.0

 Motor vehicle and parts......................... 40,203 39,937 39,750 0.7 0.5 -0.4 40,051 39,880 39,644 39,223 (X) (X) 2.1

 Capital goods...................................... 212,374 211,312 210,813 0.5 0.2 0.6 214,105 211,917 209,797 202,051 (X) (X) 6.0

 Nondefense capital goods3.................. 191,341 190,199 189,971 0.6 0.1 0.7 193,019 190,837 188,858 181,364 (X) (X) 6.4

 Excluding aircraft............................. 129,087 128,972 128,366 0.1 0.5 0.6 130,043 129,115 127,784 128,771 (X) (X) 1.0

 Defense capital goods4........................ 21,033 21,113 20,842 -0.4 1.3 -0.2 21,086 21,080 20,939 20,687 (X) (X) 1.9

 Consumer goods.................................. 198,612 197,175 200,760 0.7 -1.8 -4.3 198,441 196,970 199,310 212,833 (X) (X) -6.8

 Consumer durable goods..................... 31,153 30,969 31,700 0.6 -2.3 -0.8 30,809 30,752 31,271 31,907 (X) (X) -3.4

 Consumer nondurable goods................ 167,459 166,206 169,060 0.8 -1.7 -4.9 167,632 166,218 168,039 180,926 (X) (X) -7.3

NEW ORDERS 

UNFILLED ORDERS 

TOTAL INVENTORIES 

X

 Not Applicable 

p

 Preliminary 

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

1

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

are not adjusted for price changes. 

2 Topical series are regroupings of the separate industry categories. 

3

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

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

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

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

4

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

5 Estimates and percent changes exclude semiconductor industry data. 

6

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

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

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

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, May Full Report, July 2, 2020. 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 May

May Apr. Mar. Apr. - Mar. - Feb. - May Apr. Mar. May 2020/

2020p 2020r 2020 May Apr. Mar. 2020p 2020r 2020 2019 2019

MATERIALS AND SUPPLIES

 All manufacturing industries....................... 238,576 238,756 236,618 -0.1 0.9 -0.5 238,792 238,848 236,190 238,860 0.0

 Durable goods industries.......................... 149,299 149,309 145,776 0.0 2.4 0.7 149,030 148,876 144,864 144,232 3.3

 Wood products................................... 5,391 5,468 5,393 -1.4 1.4 1.5 5,127 5,238 5,341 5,120 0.1

 Nonmetallic mineral products................. 5,870 5,911 5,803 -0.7 1.9 2.7 5,905 5,943 5,814 5,771 2.3

 Primary metals.................................... 13,091 13,105 12,948 -0.1 1.2 0.3 12,858 12,861 12,544 13,301 -3.3

 Fabricated metal products.......................... 19,826 19,715 19,646 0.6 0.4 -0.4 19,760 19,576 19,455 20,338 -2.8

 Machinery.......................................... 28,262 28,531 27,706 -0.9 3.0 0.0 28,287 28,469 27,691 28,596 -1.1

 Computers and electronic products........ 19,976 19,861 19,777 0.6 0.4 0.4 20,273 19,998 19,528 19,258 5.3

 Electrical equipment, appliances,

 and components............................... 8,916 8,808 8,615 1.2 2.2 0.2 9,034 8,874 8,651 8,554 5.6

 Transportation equipment..................... 36,471 36,418 34,492 0.1 5.6 1.8 36,285 36,503 34,625 31,967 13.5

 Furniture and related products............... 3,568 3,538 3,523 0.8 0.4 0.9 3,560 3,501 3,469 3,681 -3.3

 Miscellaneous products......................... 7,928 7,954 7,873 -0.3 1.0 1.3 7,941 7,913 7,746 7,646 3.9

 Nondurable goods industries...................... 89,277 89,447 90,842 -0.2 -1.5 -2.3 89,762 89,972 91,326 94,628 -5.1

 Food products.................................... 19,532 19,513 19,724 0.1 -1.1 -0.9 19,168 19,259 19,691 19,289 -0.6

 Beverage and tobacco products........................ 5,798 5,764 5,914 0.6 -2.5 1.2 5,769 5,829 6,048 5,843 -1.3

 Textiles.............................................. 1,183 1,187 1,175 -0.3 1.0 0.9 1,193 1,196 1,168 1,207 -1.2

 Textile products................................... 1,202 1,213 1,206 -0.9 0.6 -0.5 1,208 1,213 1,214 1,255 -3.7

 Apparel............................................. 547 544 529 0.6 2.8 -1.1 547 539 529 606 -9.7

 Leather and allied products.................... 285 283 281 0.7 0.7 1.4 289 279 272 287 0.7

 Paper products.................................... 7,734 7,639 7,488 1.2 2.0 -0.5 7,650 7,603 7,525 7,695 -0.6

 Printing ............................................. 2,692 2,705 2,693 -0.5 0.4 1.6 2,685 2,721 2,680 2,721 -1.3

 Petroleum and coal products................. 8,520 8,643 9,762 -1.4 -11.5 -18.7 9,157 9,131 10,060 12,932 -29.2

 Chemical products................................ 30,758 30,980 31,213 -0.7 -0.7 0.5 31,113 31,178 31,327 31,876 -2.4

 Plastics and rubber products.................. 11,026 10,976 10,857 0.5 1.1 0.6 10,983 11,024 10,812 10,917 0.6

WORK IN PROCESS

 All manufacturing industries....................... 203,300 201,922 203,702 0.7 -0.9 -0.7 204,827 203,221 203,442 202,138 1.3

 Durable goods industries.......................... 157,472 157,206 158,392 0.2 -0.7 1.2 159,381 158,490 158,253 150,012 6.2

 Wood products................................... 1,647 1,642 1,695 0.3 -3.1 -1.5 1,661 1,665 1,759 1,817 -8.6

 Nonmetallic mineral products................. 1,410 1,402 1,406 0.6 -0.3 -1.9 1,441 1,452 1,455 1,487 -3.1

 Primary metals.................................... 9,407 9,841 10,304 -4.4 -4.5 1.0 9,544 9,923 10,256 10,819 -11.8

 Fabricated metal products.......................... 13,579 13,654 13,648 -0.5 0.0 1.0 13,630 13,713 13,662 13,618 0.1

 Machinery.......................................... 19,644 19,415 20,323 1.2 -4.5 3.1 19,850 19,461 20,157 19,642 1.1

 Computers and electronic products........ 12,853 12,835 12,895 0.1 -0.5 0.3 13,229 13,182 13,036 13,340 -0.8

 Electrical equipment, appliances,

 and components............................... 4,218 4,254 4,195 -0.8 1.4 0.5 4,316 4,325 4,201 4,263 1.2

 Transportation equipment..................... 89,888 89,283 89,034 0.7 0.3 1.2 90,847 89,847 88,861 80,156 13.3

 Furniture and related products............... 1,107 1,137 1,151 -2.6 -1.2 0.1 1,131 1,145 1,149 1,156 -2.2

 Miscellaneous products......................... 3,719 3,743 3,741 -0.6 0.1 -0.2 3,732 3,777 3,717 3,714 0.5

 Nondurable goods industries...................... 45,828 44,716 45,310 2.5 -1.3 -7.0 45,446 44,731 45,189 52,126 -12.8

 Food products.................................... 4,821 4,587 4,555 5.1 0.7 0.7 4,502 4,387 4,495 4,358 3.3

 Beverage and tobacco products........................ 9,091 9,078 8,979 0.1 1.1 -2.9 8,962 9,050 9,131 9,138 -1.9

 Textiles.............................................. 598 596 627 0.3 -4.9 -1.4 603 600 625 658 -8.4

 Textile products................................... 331 334 350 -0.9 -4.6 -0.8 328 336 354 378 -13.2

 Apparel............................................. 296 312 314 -5.1 -0.6 0.3 299 305 307 326 -8.3

 Leather and allied products.................... 88 86 87 2.3 -1.1 -1.1 88 85 87 95 -7.4

 Paper products.................................... 1,398 1,395 1,397 0.2 -0.1 0.4 1,401 1,394 1,390 1,468 -4.6

 Printing ............................................. 1,198 1,224 1,237 -2.1 -1.1 -1.2 1,131 1,264 1,267 1,139 -0.7

 Petroleum and coal products................. 6,595 5,536 6,537 19.1 -15.3 -26.8 6,633 5,695 6,370 11,284 -41.2

 Chemical products................................ 18,517 18,742 18,370 -1.2 2.0 -3.0 18,592 18,754 18,269 20,134 -7.7

 Plastics and rubber products.................. 2,895 2,826 2,857 2.4 -1.1 -5.5 2,907 2,861 2,894 3,148 -7.7

FINISHED GOODS

 All manufacturing industries....................... 245,140 245,191 248,706 0.0 -1.4 -1.9 246,883 246,491 248,402 254,912 -3.1

 Durable goods industries.......................... 118,272 118,229 120,483 0.0 -1.9 -0.7 119,003 119,073 120,588 121,978 -2.4

 Wood products................................... 4,611 4,714 4,772 -2.2 -1.2 -1.2 4,693 4,911 5,059 5,088 -7.8

 Nonmetallic mineral products................. 7,187 7,293 7,278 -1.5 0.2 0.2 7,392 7,438 7,467 7,417 -0.3

 Primary metals.................................... 12,287 12,484 12,644 -1.6 -1.3 2.0 12,485 12,704 12,968 12,590 -0.8

 Fabricated metal products.......................... 20,063 20,013 19,979 0.2 0.2 -0.1 20,339 20,312 20,199 20,052 1.4

 Machinery.......................................... 23,199 23,254 23,450 -0.2 -0.8 -1.1 23,236 23,551 23,741 24,178 -3.9

 Computers and electronic products........ 11,397 11,516 11,323 -1.0 1.7 1.2 11,361 11,322 10,934 11,789 -3.6

 Electrical equipment, appliances,

 and components............................... 6,729 6,844 6,908 -1.7 -0.9 -1.4 6,806 6,965 6,955 7,292 -6.7

 Transportation equipment..................... 17,673 17,036 19,070 3.7 -10.7 -4.1 17,521 16,788 18,383 18,669 -6.1

 Furniture and related products............... 2,625 2,662 2,744 -1.4 -3.0 -0.1 2,655 2,630 2,667 2,720 -2.4

 Miscellaneous products......................... 12,501 12,413 12,315 0.7 0.8 0.4 12,515 12,452 12,215 12,183 2.7

 Nondurable goods industries...................... 126,868 126,962 128,223 -0.1 -1.0 -3.0 127,880 127,418 127,814 132,934 -3.8

 Food products.................................... 30,086 31,044 30,986 -3.1 0.2 -0.6 29,336 30,463 30,110 29,955 -2.1

 Beverage and tobacco products........................ 10,764 10,832 10,458 -0.6 3.6 -1.6 10,969 11,071 10,449 10,684 2.7

 Textiles.............................................. 1,396 1,387 1,388 0.6 -0.1 -0.6 1,392 1,380 1,384 1,394 -0.1

 Textile products................................... 2,252 2,258 2,297 -0.3 -1.7 0.4 2,244 2,257 2,313 2,400 -6.5

 Apparel............................................. 1,003 1,002 963 0.1 4.0 -0.2 983 964 930 946 3.9

 Leather and allied products.................... 482 491 493 -1.8 -0.4 0.2 484 490 482 486 -0.4

 Paper products.................................... 6,120 6,088 6,042 0.5 0.8 -1.2 6,188 6,078 6,078 6,275 -1.4

 Printing ............................................. 1,781 1,774 1,766 0.4 0.5 0.1 1,805 1,796 1,755 1,770 2.0

 Petroleum and coal products................. 13,673 12,856 14,490 6.4 -11.3 -18.2 13,964 13,003 14,070 17,990 -22.4

 Chemical products................................ 46,600 46,357 46,251 0.5 0.2 -0.6 47,549 46,827 46,812 47,146 0.9

 Plastics and rubber products.................. 12,711 12,873 13,089 -1.3 -1.7 -0.7 12,966 13,089 13,431 13,888 -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 noncalendar reporters. Seasonally adjusted estimates include concurrent adjustments for holiday and trading-day differences, where appropriate, as well as seasonal variation, based on the results of the latest annual review of the model parameters. Estimates 

are not adjusted for price changes. 

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

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

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, May Full Report, July 2, 2020. 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 May Apr Mar Feb May Apr Mar Feb

2020p 2020r 2020 2020 2020p 2020r 2020 2020

All manufacturing industries3

.................................... 1.65 1.70 1.46 1.40 (X) (X) (X) (X)

Durable goods industries3

........................................ 2.15 2.24 1.82 1.71 7.53 7.70 6.70 6.67

 Wood products........................................................... 1.36 1.43 1.30 1.29 (X) (X) (X) (X)

 Nonmetallic mineral products............................. 1.28 1.33 1.27 1.25 (X) (X) (X) (X)

 Primary metals............................................................ 2.06 2.13 1.89 1.82 1.81 1.82 1.64 1.62

 Fabricated metal products...................................... 1.90 1.95 1.73 1.67 2.64 2.72 2.45 2.39

 Machinery..................................................................... 2.48 2.52 2.32 2.27 3.69 3.74 3.42 3.37

 Computers and electronic products3

................... 1.54 1.55 1.55 1.53 5.43 5.44 5.43 5.41

 Electrical equipment, appliances,

 and components.................................................... 1.96 1.99 1.77 1.78 2.31 2.30 2.07 2.08

 Transportation equipment..................................... 3.09 3.45 1.94 1.67 19.35 20.27 14.92 14.74

 Furniture and related products............................ 1.20 1.25 1.13 1.10 1.45 1.49 1.36 1.33

 Miscellaneous products.......................................... 1.89 1.95 1.87 1.89 (X) (X) (X) (X)

Nondurable goods industries................................... 1.20 1.22 1.12 1.09 (X) (X) (X) (X)

 Food products............................................................. 0.82 0.83 0.80 0.83 (X) (X) (X) (X)

 Beverage and tobacco products........................... 2.00 2.07 1.86 2.03 (X) (X) (X) (X)

 Textiles.......................................................................... 1.65 1.71 1.43 1.42 (X) (X) (X) (X)

 Textile products......................................................... 2.22 2.30 2.06 2.02 (X) (X) (X) (X)

 Apparel........................................................................ 2.16 2.24 2.04 2.02 (X) (X) (X) (X)

 Leather and allied products................................ 2.51 2.84 2.41 2.23 (X) (X) (X) (X)

 Paper products.......................................................... 0.95 0.94 0.92 0.93 (X) (X) (X) (X)

 Printing........................................................................ 0.89 0.89 0.80 0.77 (X) (X) (X) (X)

 Petroleum and coal products............................... 1.02 1.07 0.83 0.73 (X) (X) (X) (X)

 Chemical products................................................... 1.47 1.48 1.41 1.42 (X) (X) (X) (X)

 Plastics and rubber products................................ 1.43 1.46 1.33 1.33 (X) (X) (X) (X)

May3 May3 May3 May3

Industry 2019- 2019- 2019- 2019-

May2 Apr May2 Apr May2 Apr May2 Apr

2020 2020 2020 2020 2020 2020 2020 2020

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

Durable goods industries....................... 0.0 0.3 -0.1 0.6 0.0 0.1 0.0 0.1

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

 Nonmetallic mineral products.............. (X) 0.3 (X) (NA) (X) (NA) (X) 0.1

 Primary metals............................................. -0.2 0.4 -0.2 0.6 -0.1 0.2 0.0 0.3

 Fabricated metal products.................... 0.1 0.5 0.0 0.7 0.0 0.2 0.0 0.2

 Machinery...................................................... 0.0 0.4 -0.6 0.5 0.0 0.1 0.0 0.1

 Computers and electronic products..... 0.0 0.3 0.0 0.5 0.0 0.1 0.0 0.1

 Electrical equipment, appliances,

 and components..................................... -2.4 0.3 -2.9 0.4 -0.3 0.2 0.4 0.1

 Transportation equipment.................... 0.3 0.3 1.3 1.2 0.0 0.1 0.0 0.1

 Furniture and related products............. (X) 0.6 (X) 0.7 (X) 0.5 (X) 0.3

 Miscellaneous products.......................... (X) 0.3 (X) 0.3 (X) 0.1 (X) 0.0

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

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

 Beverage and tobacco products............ (X) 0.6 (X) (NA) (X) (NA) (X) 0.4

 Textiles.......................................................... (X) 0.7 (X) (NA) (X) (NA) (X) 0.2

 Textile products......................................... (X) 0.5 (X) (NA) (X) (NA) (X) 0.2

 Apparel......................................................... (X) 0.8 (X) (NA) (X) (NA) (X) 0.4

 Leather and allied products.................. (X) 1.2 (X) (NA) (X) (NA) (X) 0.1

 Paper products............................................ (X) 0.5 (X) (NA) (X) (NA) (X) 0.2

 Printing.......................................................... (X) 0.5 (X) (NA) (X) (NA) (X) 0.3

 Petroleum and coal products............... (X) 0.5 (X) (NA) (X) (NA) (X) 0.6

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

 Plastics and rubber products................ (X) 0.4 (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/>. 

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, May Full Report, July 2, 2020. Information on data sources and 

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

X Not Applicable 

NA Not Available 

1

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

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

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

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

2

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

3

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

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

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

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

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

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

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

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, May Full Report, July 2, 2020. 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