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FOR RELEASE AT 10:00 AM EST, FRIDAY, JANUARY 6, 2023 

MONTHLY FULL REPORT ON MANUFACTURERS’ SHIPMENTS, INVENTORIES AND ORDERS 

NOVEMBER 2022 

Release Number: CB 23-01 M3-2 (22)-11 

January 6, 2023 — The U.S. Census Bureau announces the November full report on manufacturers’ 

shipments, inventories and orders:

MANUFACTURED GOODS – NEW ORDERS

NOVEMBER 2022 $543.3 billion -1.8%° 

OCTOBER 2022 

(revised) $553.1 billion +0.4%° 

Next release: February 2, 2023 

Data adjusted for seasonal variation but not for price changes.

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

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

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

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories and Orders, January 6, 2023. 

Summary

New orders for manufactured goods in November, down following three consecutive monthly increases, 

decreased $9.8 billion or 1.8 percent to $543.3 billion, the U.S. Census Bureau reported today. This 

followed a 0.4 percent October increase. Shipments, also down following three consecutive monthly 

increases, decreased $3.4 billion or 0.6 percent to $548.6 billion. This followed a 0.2 percent October

increase. Unfilled orders, down following twenty-six consecutive monthly increases, decreased $0.2 billion 

or virtually unchanged to $1,143.1 billion. This followed a 0.5 percent October increase. The unfilled 

orders-to-shipments ratio was 6.02, down from 6.03 in October. Inventories, up three consecutive 

months, increased $0.1 billion or virtually unchanged to $804.7 billion. This followed a 0.4 percent

October increase. The inventories-to-shipments ratio was 1.47, up from 1.46 in October. 

New Orders

New orders for manufactured durable goods in November, down following three consecutive monthly 

increases, decreased $5.9 billion or 2.1 percent to $270.5 billion, unchanged from the previously published

decrease. This followed a 0.7 percent October increase. Transportation equipment, also down following 

0.5%

2.3%

0.3%

1.8%

0.7%

1.8% 1.8%

-1.0%

0.2% 0.3% 0.4%

-1.8%

-3.0%

-2.0%

-1.0%

0.0%

1.0%

2.0%

3.0%

Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22

MANUFACTURERS' NEW ORDERS 2021-2022

Seasonally Adjusted, Month-To-Month Percentage Change

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders, January 6, 2023.
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three consecutive monthly increases, drove the decrease, $6.1 billion or 6.3 percent to $91.3 billion. New 

orders for manufactured nondurable goods decreased $3.9 billion or 1.4 percent to $272.8 billion.

Shipments

Shipments of manufactured durable goods in November, up eighteen of the last nineteen months, 

increased $0.5 billion or 0.2 percent to $275.8 billion, unchanged from the previously published increase. 

This followed a 0.3 percent October increase. Transportation equipment, up thirteen of the last fourteen 

months, drove the increase, $0.7 billion or 0.8 percent to $91.8 billion. Shipments of manufactured

nondurable goods, down following three consecutive monthly increases, decreased $3.9 billion or 1.4 

percent to $272.8 billion. This followed a 0.1 percent October increase. Petroleum and coal products, 

down following two consecutive monthly increases, led the decrease, $3.7 billion or 5.5 percent to $63.2

billion.

Unfilled Orders

Unfilled orders for manufactured durable goods in November, down following twenty-six consecutive 

monthly increases, decreased $0.2 billion or virtually unchanged to $1,143.1 billion, unchanged from the 

previously published decrease. This followed a 0.5 percent October increase. Transportation equipment, 

down following eighteen consecutive monthly increases, drove the decrease, $0.5 billion or 0.1 percent to 

$670.0 billion.

Inventories

Inventories of manufactured durable goods in November, up twenty-two consecutive months, increased 

$0.3 billion or 0.1 percent to $489.6 billion, unchanged from the previously published increase. This 

followed a 0.1 percent October increase. Machinery, up twenty-five consecutive months, drove the 

increase, $0.4 billion or 0.4 percent to $87.0 billion. Inventories of manufactured nondurable goods, down 

four of the last five months, decreased $0.2 billion or 0.1 percent to $315.0 billion. This followed a 0.9 

percent October increase. Chemical products, down two consecutive months, drove the decrease, $0.5

billion or 0.4 percent to $104.4 billion. By stage of fabrication, November materials and supplies were 

virtually unchanged in durable goods and decreased 0.8 percent in nondurable goods. Work in process

increased 0.3 percent in durable goods and 1.3 percent in nondurable goods. Finished goods decreased 

0.2 percent in durable goods and were virtually unchanged in nondurable goods. 

The Advance Report on durable goods for December is scheduled for release on January 26, 2023, at 8:30

a.m. EST and the Full Report on February 2, 2023, at 10:00 a.m. EST. View the full schedule in the 
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Economic Briefing Room: <www.census.gov/economic-indicators/>. The full text and tables of this release

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

EXPLANATORY NOTES

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

exclude data for semiconductor manufacturing. 

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

decrease. 

Description of the survey 

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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 
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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>.

2023 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)

Nov-22 Fri 12/23/2022 Fri 1/6/2023

Dec-22 Thu 1/26/2023 Thu 2/2/2023

Jan-23 Mon 2/27/2023 Mon 3/6/2023

Feb-23 Fri 3/24/2023 Tue 4/4/2023

Mar-23 Wed 4/26/2023 Tue 5/2/2023

Apr-23 Fri 5/26/2023 Mon 6/5/2023

May-23 Tue 6/27/2023 Wed 7/5/2023

Jun-23 Thu 7/27/2023 Thu 8/3/2023

Jul-23 Thu 8/24/2023 Tue 9/5/2023

Aug-23 Wed 9/27/2023 Wed 10/4/2023

Sep-23 Thu 10/26/2023 Thu 11/2/2023

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

Nov-23 Fri 12/22/2023 Not available at this time

OMB: Schedule of Release Dates 2023 (whitehouse.gov)

Special Notice - New Advance Estimates Of Total Manufacturing

Beginning with September 2021 data released on October 27, 2021, advance estimates of total 

manufacturing, including M3 durable and nondurable industries, for shipments and inventories, are

available at the same time as the Advance Report on Durable Goods Manufacturers’ Shipments, 

Inventories and Orders. Monthly advance total manufacturing estimates are available on a seasonally 

adjusted basis as well as a not seasonally adjusted basis on the M3 website under the “Advance Report 

Highlights”. 
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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. 2022/

2022p 2022r 2022 Nov. Oct. Sep. 2022p 2022r 2022 2021 2022p 2021 2021

 All manufacturing industries.................. 548,632 552,057 550,844 -0.6 0.2 0.3 535,505 559,121 567,627 494,475 5,950,204 5,290,628 12.5

 Excluding transportation................... 456,830 460,963 460,249 -0.9 0.2 0.1 443,548 468,264 470,051 416,981 5,003,875 4,465,499 12.1

 Excluding defense.............................. 532,115 535,587 534,383 -0.6 0.2 0.3 517,864 542,872 549,636 478,155 5,774,176 5,125,282 12.7

 With unfilled orders............................ 190,015 189,542 188,553 0.2 0.5 -0.4 183,772 188,294 199,708 169,169 2,037,070 1,832,361 11.2

 Durable goods industries......................... 275,809 275,285 274,348 0.2 0.3 0.3 268,205 276,871 290,707 245,630 2,955,928 2,664,311 10.9

 Wood products....................................... 12,790 12,703 12,811 0.7 -0.8 0.0 11,819 13,086 13,333 11,741 143,284 136,348 5.1

 Nonmetallic mineral products.................... 12,459 12,557 12,564 -0.8 -0.1 0.5 12,094 13,301 13,416 11,782 138,883 129,170 7.5

 Primary metals....................................... 19,983 20,251 20,329 -1.3 -0.4 -2.0 18,639 19,988 20,550 18,631 228,156 206,462 10.5

 Iron and steel mills............................ 11,783 11,980 12,098 -1.6 -1.0 -1.4 10,978 11,865 12,341 10,767 133,151 116,261 14.5

 Aluminum and nonferrous metals.......... 6,713 6,763 6,727 -0.7 0.5 -3.9 6,292 6,628 6,705 6,531 78,531 75,452 4.1

 Ferrous metal foundries....................... 1,487 1,508 1,504 -1.4 0.3 1.3 1,369 1,495 1,504 1,333 16,474 14,749 11.7

 Fabricated metal products....................... 36,426 36,544 36,691 -0.3 -0.4 -0.4 34,919 37,540 37,943 33,949 405,275 366,094 10.7

 Machinery............................................. 38,768 38,825 38,282 -0.1 1.4 0.3 35,592 38,376 39,554 32,856 413,170 366,363 12.8

 Farm machinery................................. 2,422 2,403 2,510 0.8 -4.3 -8.2 1,829 2,331 2,385 2,160 28,942 28,528 1.5

 Construction machinery..................... 4,015 3,966 3,861 1.2 2.7 4.4 3,585 3,973 3,855 2,716 39,987 31,598 26.5

 Mining, oil field, and 

 gas field machinery.......................... 1,494 1,577 1,528 -5.3 3.2 -0.8 1,481 1,609 1,565 1,333 15,997 13,926 14.9

 Industrial machinery.......................... 6,108 6,321 6,210 -3.4 1.8 0.1 5,464 6,422 7,120 5,366 67,438 51,481 31.0

 Photographic equipment...................... 512 522 503 -1.9 3.8 -3.3 522 469 571 548 5,646 5,688 -0.7

 Ventilation, heating, air-conditioning,

 and refrigeration equipment............ 4,831 4,756 4,753 1.6 0.1 -0.2 4,222 4,456 5,047 3,808 51,397 45,618 12.7

 Metalworking machinery..................... 2,767 2,624 2,559 5.4 2.5 -1.0 2,720 2,672 2,672 2,522 28,568 28,018 2.0

 Turbines, generators, and other

 power transmission equipment....... 3,417 3,511 3,439 -2.7 2.1 3.6 3,427 3,604 3,347 3,165 36,339 35,406 2.6

 Material handling equipment............... 3,631 3,595 3,456 1.0 4.0 0.6 3,467 3,542 3,434 2,850 37,886 30,686 23.5

 Computers and electronic products2.......... 29,646 29,552 29,380 0.3 0.6 0.6 29,832 29,715 32,882 27,575 314,381 294,585 6.7

 Computers........................................ 738 732 735 0.8 -0.4 -2.4 698 761 824 712 8,019 7,982 0.5

 Computer storage devices..................... 656 664 657 -1.2 1.1 -1.4 621 628 663 576 6,872 6,055 13.5

 Other peripheral equipment................ 909 874 778 4.0 12.3 4.0 859 882 983 404 6,905 4,733 45.9

 Nondefense communications

 equipment.................................... 3,019 3,053 3,029 -1.1 0.8 -1.2 2,695 2,711 3,774 2,686 32,298 29,583 9.2

 Defense communications equipment.... 215 214 211 0.5 1.4 -0.9 238 213 248 220 2,329 2,191 6.3

 Audio and video equipment.................... 375 357 371 5.0 -3.8 -2.1 539 447 371 534 4,174 3,478 20.0

 Electronic components......................... 4,682 4,602 4,588 1.7 0.3 0.1 4,527 4,458 4,766 4,108 49,919 44,003 13.4

 Nondefense search and navigation

 equipment...................................... 1,674 1,666 1,641 0.5 1.5 -0.8 1,683 1,616 1,805 1,633 17,933 17,596 1.9

 Defense search and navigation

 equipment..................................... 3,273 3,277 3,268 -0.1 0.3 1.0 3,475 3,318 3,489 3,377 35,207 34,820 1.1

 Electromedical, measuring,

 and control instruments................. 8,878 8,965 8,920 -1.0 0.5 -0.1 8,603 8,753 10,021 8,077 94,719 90,250 5.0

 Electrical equipment, appliances, 

 and components................................... 13,650 13,478 13,465 1.3 0.1 0.1 13,150 13,494 14,509 12,156 146,080 132,216 10.5

 Electric lighting equipment..................... 1,059 1,046 1,048 1.2 -0.2 0.3 1,039 1,082 1,097 1,002 11,418 11,125 2.6

 Household appliances........................ 2,678 2,752 2,755 -2.7 -0.1 0.2 2,643 2,729 3,058 2,662 29,335 27,661 6.1

 Electrical equipment............................ 4,014 3,839 3,873 4.6 -0.9 2.5 3,699 3,618 4,332 3,325 41,410 38,415 7.8

 Batteries........................................... 1,075 996 956 7.9 4.2 0.0 1,214 1,119 1,039 934 10,676 9,207 16.0

 Transportation equipment........................ 91,802 91,094 90,595 0.8 0.6 1.2 91,957 90,857 97,576 77,494 946,329 825,129 14.7

 Automobiles..................................... 7,664 7,850 8,037 -2.4 -2.3 2.7 7,971 8,124 8,323 6,729 83,372 73,580 13.3

 Light trucks and utility vehicles.............. 23,926 23,970 23,777 -0.2 0.8 4.8 23,825 24,549 25,920 19,788 245,678 207,713 18.3

 Heavy duty trucks ............................. 2,678 2,669 2,607 0.3 2.4 4.8 2,604 2,783 2,792 2,034 26,690 21,500 24.1

 Motor vehicle bodies, parts, 

 and trailers.................................... 27,422 27,332 27,336 0.3 0.0 0.3 26,574 27,986 28,103 24,673 296,986 266,529 11.4

 Nondefense aircraft and parts................ 13,854 13,133 12,849 5.5 2.2 -2.2 13,951 11,533 15,058 9,225 122,203 100,055 22.1

 Defense aircraft and parts.................. 5,384 5,384 5,401 0.0 -0.3 -1.9 5,792 5,383 6,041 5,742 58,587 58,147 0.8

 Ships and boats................................. 3,559 3,572 3,364 -0.4 6.2 -4.7 3,636 3,568 3,420 3,532 38,582 38,676 -0.2

 Furniture and related products.................. 6,237 6,257 6,245 -0.3 0.2 0.7 6,159 6,347 6,272 5,684 67,987 63,707 6.7

 Miscellaneous durable goods................. 14,048 14,024 13,986 0.2 0.3 -0.9 14,044 14,167 14,672 13,762 152,383 144,237 5.6

 Nondurable goods industries..................... 272,823 276,772 276,496 -1.4 0.1 0.3 267,300 282,250 276,920 248,845 2,994,276 2,626,317 14.0

 Food products....................................... 75,960 75,961 75,849 0.0 0.1 -0.4 77,574 78,743 77,433 75,228 831,918 794,103 4.8

 Grain and oilseed milling....................... 9,186 9,296 9,280 -1.2 0.2 1.8 9,289 9,513 9,191 8,616 100,143 89,725 11.6

 Dairy products.................................. 11,913 11,876 11,874 0.3 0.0 -0.5 12,273 12,141 11,869 11,384 130,122 121,253 7.3

 Meat, poultry, and seafood products... 22,674 22,774 22,809 -0.4 -0.2 0.0 22,592 23,015 23,115 22,418 251,046 239,484 4.8

 Beverage and tobacco products................ 16,838 16,753 16,917 0.5 -1.0 0.0 16,726 16,902 17,312 14,448 177,806 153,894 15.5

 Beverages......................................... 10,247 10,281 10,116 -0.3 1.6 0.8 10,135 10,430 10,511 9,705 109,925 103,878 5.8

 Tobacco............................................ 6,591 6,472 6,801 1.8 -4.8 -1.3 6,591 6,472 6,801 4,743 67,881 50,016 35.7

 Textile mills........................................... 2,246 2,282 2,320 -1.6 -1.6 -0.9 2,115 2,340 2,343 2,193 25,584 24,912 2.7

 Textile products................................... 1,919 1,943 1,999 -1.2 -2.8 0.8 1,826 1,978 2,000 1,845 21,949 21,141 3.8

 Apparel................................................ 774 757 737 2.2 2.7 2.6 882 856 771 822 8,111 7,826 3.6

 Leather and allied products...................... 484 475 462 1.9 2.8 4.1 455 472 471 362 4,866 4,313 12.8

 Paper products...................................... 16,271 16,211 16,213 0.4 0.0 0.0 15,795 16,436 16,514 15,649 179,663 173,765 3.4

 Pulp, paper, and paperboard mills....... 6,005 5,862 5,796 2.4 1.1 -0.4 5,853 5,925 5,933 5,625 65,004 62,552 3.9

 Paperboard containers........................ 5,914 5,989 6,003 -1.3 -0.2 -0.1 5,718 6,104 6,197 5,774 66,436 64,838 2.5

 Printing................................................. 7,026 7,042 7,030 -0.2 0.2 1.3 7,161 7,488 7,288 6,545 75,423 68,431 10.2

 Petroleum and coal products.................. 63,195 66,900 66,196 -5.5 1.1 2.1 58,664 69,192 63,377 47,294 697,237 468,903 48.7

 Petroleum refineries.......................... 57,685 61,431 60,817 -6.1 1.0 2.1 53,441 63,290 57,484 42,690 639,264 417,810 53.0

 Chemical products..................................... 65,870 66,255 66,547 -0.6 -0.4 -0.2 64,914 65,300 66,673 63,561 725,456 680,775 6.6

 Pesticides, fertilizers, and other

 agricultural chemicals....................... 3,420 3,528 3,366 -3.1 4.8 6.0 3,028 2,913 2,896 2,760 35,658 31,763 12.3

 Pharmaceuticals and medicines............. 22,613 22,521 22,475 0.4 0.2 1.6 23,391 22,537 23,279 20,857 238,605 217,223 9.8

 Paints, coatings, and adhesives.......... 3,794 3,822 3,786 -0.7 1.0 -1.1 3,446 3,764 3,799 3,418 42,151 39,900 5.6

 Plastics and rubber products.................. 22,240 22,193 22,226 0.2 -0.1 -0.9 21,188 22,543 22,738 20,898 246,263 228,254 7.9

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, November Full Report, January 6, 2023. Information on data sources and methodology can be found on our website at 

<www.census.gov/manufacturing/m3/how_the_data_are_collected/index.html>. 
Table 2. 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. 2022/

2022p 2022r 2022 Nov. Oct. Sep. 2022p 2022r 2022 2021 2022p 2021 2021

All manufacturing industries2........................ 543,296 553,138 550,895 -1.8 0.4 0.3 526,888 555,370 566,852 493,172 5,951,187 5,302,806 12.2

 Excluding transportation2...................... 451,971 455,686 455,219 -0.8 0.1 -0.2 436,296 460,219 463,031 413,347 4,959,157 4,464,820 11.1

 Excluding defense2

.............................. 525,476 536,370 535,072 -2.0 0.2 0.8 509,338 540,809 546,400 478,825 5,774,571 5,142,558 12.3

 With unfilled orders2............................. 189,826 195,690 193,704 -3.0 1.0 -0.4 180,966 190,381 204,784 173,032 2,093,167 1,897,542 10.3

 Durable goods industries2......................... 270,473 276,366 274,399 -2.1 0.7 0.2 259,588 273,120 289,932 244,327 2,956,911 2,676,489 10.5

 Primary metals........................................ 20,004 20,125 20,241 -0.6 -0.6 -2.4 18,773 19,681 20,137 18,598 227,682 209,984 8.4

 Iron and steel mills.............................. 11,825 11,975 12,146 -1.3 -1.4 -2.2 11,015 11,587 12,181 10,590 133,134 117,951 12.9

 Aluminum and nonferrous metals.......... 6,653 6,631 6,555 0.3 1.2 -3.9 6,336 6,642 6,456 6,601 77,729 76,651 1.4

 Ferrous metal foundries....................... 1,526 1,519 1,540 0.5 -1.4 3.4 1,422 1,452 1,500 1,407 16,819 15,382 9.3

 Fabricated metal products........................ 36,426 36,382 36,444 0.1 -0.2 -1.1 33,822 35,874 36,717 32,997 406,529 385,378 5.5

 Machinery............................................. 39,248 39,199 38,633 0.1 1.5 -0.7 35,834 38,353 39,435 34,057 420,197 382,732 9.8

 Construction machinery........................ 4,099 3,958 3,651 3.6 8.4 -0.6 3,721 3,902 3,609 2,801 40,168 34,440 16.6

 Mining, oil field, and

 gas field machinery.......................... 1,498 1,599 1,533 -6.3 4.3 -7.7 1,485 1,631 1,570 1,291 16,116 14,329 12.5

 Industrial machinery............................ 6,280 6,305 6,178 -0.4 2.1 -1.9 5,496 6,548 6,999 5,412 69,233 53,827 28.6

 Photographic equipment....................... 573 532 448 7.7 18.8 -13.2 454 494 748 384 5,712 5,669 0.8

 Ventilation, heating, air-conditioning,

 and refrigeration equipment............... 5,060 4,965 5,004 1.9 -0.8 -1.1 4,303 4,435 5,157 3,977 53,977 47,723 13.1

 Metalworking machinery....................... 2,627 2,563 2,595 2.5 -1.2 -0.6 2,619 2,651 2,601 2,703 28,543 29,078 -1.8

 Turbines, generators, and other 

 power transmission equipment........... 3,366 3,561 3,434 -5.5 3.7 4.8 3,376 3,654 3,342 3,391 36,152 36,602 -1.2

 Material handling equipment.................. 3,751 3,755 3,759 -0.1 -0.1 3.0 3,514 3,672 3,726 3,024 39,279 32,051 22.6

 Computers and electronic products2........... 24,338 24,188 24,239 0.6 -0.2 -1.1 23,461 23,591 27,743 23,339 259,302 246,636 5.1

 Computers........................................ 712 733 723 -2.9 1.4 -3.0 672 762 812 682 7,973 7,864 1.4

 Nondefense communications

 equipment...................................... 2,844 2,843 2,879 0.0 -1.3 -6.6 2,701 2,589 3,622 3,447 31,745 32,053 -1.0

 Defense communications equipment....... 214 216 209 -0.9 3.3 -0.5 229 205 254 203 2,281 1,995 14.3

 Electronic components......................... 4,536 4,454 4,601 1.8 -3.2 -1.0 4,276 4,404 4,854 4,134 49,770 45,260 10.0

 Nondefense search and navigation

 equipment...................................... 1,750 1,689 1,663 3.6 1.6 -5.4 1,783 1,746 1,860 1,820 19,333 19,753 -2.1

 Defense search and navigation

 equipment...................................... 3,317 3,258 3,339 1.8 -2.4 4.5 3,103 3,092 3,931 3,335 34,127 33,735 1.2

 Electromedical, measuring,

 and control instruments..................... 8,945 9,019 8,937 -0.8 0.9 -0.8 8,595 8,746 10,306 8,122 95,230 90,819 4.9

 Electrical equipment, appliances, 

 and components................................... 13,695 13,678 13,701 0.1 -0.2 -1.1 13,130 13,814 14,402 12,517 148,955 138,025 7.9

 Electric lighting equipment..................... 1,132 1,099 1,038 3.0 5.9 -6.0 1,137 1,158 1,071 1,061 11,682 11,409 2.4

 Household appliances.......................... 2,829 2,868 2,761 -1.4 3.9 0.3 2,817 2,873 3,230 2,632 29,029 28,591 1.5

 Electrical equipment............................ 3,800 3,823 3,962 -0.6 -3.5 0.1 3,510 3,792 3,945 3,442 43,616 38,652 12.8

 Transportation equipment........................ 91,325 97,452 95,676 -6.3 1.9 2.3 90,592 95,151 103,821 79,825 992,030 837,986 18.4

 Motor vehicle bodies, parts, 

 and trailers..................................... 27,499 27,327 26,903 0.6 1.6 -0.5 27,130 27,249 27,645 25,198 296,324 269,746 9.9

 Nondefense aircraft and parts3................ 12,302 19,334 18,458 -36.4 4.7 23.4 11,938 18,122 19,141 13,077 166,336 114,859 44.8

 Defense aircraft and parts.................... 4,812 5,267 4,456 -8.6 18.2 -32.6 5,352 4,689 5,504 5,278 58,830 54,544 7.9

 Ships and boats.................................. 4,122 3,239 2,730 27.3 18.6 -49.3 3,854 2,854 3,232 3,306 38,847 39,811 -2.4

 Furniture and related products................... 6,128 6,084 6,090 0.7 -0.1 -0.1 6,007 6,128 6,242 5,785 67,496 65,978 2.3

 Nondurable goods industries..................... 272,823 276,772 276,496 -1.4 0.1 0.3 267,300 282,250 276,920 248,845 2,994,276 2,626,317 14.0

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. 

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, November Full Report, January 6, 2023. Information on data sources and methodology can be found on our website at 

<www.census.gov/manufacturing/m3/how_the_data_are_collected/index.html>. 
Table 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. 2022/

2022p 2022r 2022 Nov. Oct. Sep. 2022p 2022r 2022 2021 2021

All manufacturing industries2...................... 1,143,060 1,143,249 1,137,101 0.0 0.5 0.5 1,130,698 1,133,504 1,131,417 1,061,764 6.5

 Excluding transportation2...................... 473,085 472,797 473,007 0.1 0.0 0.0 466,768 468,209 470,416 453,572 2.9

 Excluding defense2

............................. 927,427 928,919 923,069 -0.2 0.6 0.6 918,322 921,037 917,262 853,814 7.6

 Durable goods industries2........................ 1,143,060 1,143,249 1,137,101 0.0 0.5 0.5 1,130,698 1,133,504 1,131,417 1,061,764 6.5

 Primary metals........................................ 30,530 30,509 30,635 0.1 -0.4 -0.3 29,771 29,637 29,944 29,879 -0.4

 Iron and steel mills............................... 16,122 16,080 16,085 0.3 0.0 0.3 15,649 15,612 15,890 15,766 -0.7

 Aluminum and nonferrous metals............. 10,195 10,255 10,387 -0.6 -1.3 -1.6 10,013 9,969 9,955 10,525 -4.9

 Ferrous metal foundries........................ 4,213 4,174 4,163 0.9 0.3 0.9 4,109 4,056 4,099 3,588 14.5

 Fabricated metal products......................... 117,612 117,612 117,774 0.0 -0.1 -0.2 115,224 116,321 117,987 113,733 1.3

 Machinery.............................................. 133,507 133,027 132,653 0.4 0.3 0.3 131,949 131,707 131,730 124,886 5.7

 Construction machinery......................... 9,888 9,804 9,812 0.9 -0.1 -2.1 9,446 9,310 9,381 9,153 3.2

 Mining, oil field, and

 gas field machinery.......................... 5,186 5,182 5,160 0.1 0.4 0.1 5,186 5,182 5,160 4,945 4.9

 Industrial machinery............................. 12,880 12,708 12,724 1.4 -0.1 -0.3 12,712 12,680 12,554 11,074 14.8

 Photographic equipment........................ 3,174 3,113 3,103 2.0 0.3 -1.7 3,219 3,287 3,262 3,294 -2.3

 Ventilation, heating, air-conditioning,

 and refrigeration equipment................ 12,339 12,110 11,901 1.9 1.8 2.2 11,857 11,776 11,797 8,902 33.2

 Metalworking machinery........................ 8,381 8,521 8,582 -1.6 -0.7 0.4 8,369 8,470 8,491 8,397 -0.3

 Turbines, generators, and other 

 power transmission equipment............ 33,232 33,283 33,233 -0.2 0.2 0.0 33,232 33,283 33,233 33,467 -0.7

 Material handling equipment................... 17,415 17,295 17,135 0.7 0.9 1.8 17,203 17,156 17,026 15,496 11.0

 Computers and electronic products2

............. 140,090 140,251 140,548 -0.1 -0.2 0.0 139,037 139,597 139,883 136,942 1.5

 Computers......................................... 1,173 1,199 1,198 -2.2 0.1 -1.0 1,173 1,199 1,198 1,259 -6.8

 Nondefense communications

 equipment...................................... 20,536 20,711 20,921 -0.8 -1.0 -0.7 20,449 20,443 20,565 20,016 2.2

 Defense communications equipment........ 314 315 313 -0.3 0.6 -0.6 292 301 309 306 -4.6

 Electronic components.......................... 15,825 15,971 16,119 -0.9 -0.9 0.1 15,623 15,874 15,928 15,505 0.8

 Nondefense search and navigation

 equipment....................................... 32,360 32,284 32,261 0.2 0.1 0.1 32,491 32,391 32,261 31,093 4.5

 Defense search and navigation

 equipment....................................... 38,505 38,461 38,480 0.1 0.0 0.2 37,878 38,250 38,476 38,228 -0.9

 Electromedical, measuring,

 and control instruments...................... 31,377 31,310 31,256 0.2 0.2 0.1 31,131 31,139 31,146 30,535 2.0

 Electrical equipment, appliances, 

 and components.................................... 40,155 40,110 39,910 0.1 0.5 0.6 39,676 39,696 39,376 36,435 8.9

 Electric lighting equipment..................... 2,396 2,323 2,270 3.1 2.3 -0.4 2,417 2,319 2,243 2,151 12.4

 Household appliances........................... 5,021 4,870 4,754 3.1 2.4 0.1 5,101 4,927 4,783 5,400 -5.5

 Electrical equipment............................. 16,647 16,861 16,877 -1.3 -0.1 0.5 16,419 16,608 16,434 14,218 15.5

 Transportation equipment......................... 669,975 670,452 664,094 -0.1 1.0 0.8 663,930 665,295 661,001 608,192 9.2

 Motor vehicle bodies, parts, 

 and trailers...................................... 27,845 27,768 27,773 0.3 0.0 -1.5 27,085 26,529 27,266 26,918 0.6

 Nondefense aircraft and parts................ 452,176 453,728 447,527 -0.3 1.4 1.3 449,466 451,479 444,890 399,150 12.6

 Defense aircraft and parts..................... 59,587 60,159 60,276 -1.0 -0.2 -1.5 58,801 59,241 59,935 56,460 4.1

 Ships and boats.................................. 51,389 50,826 51,159 1.1 -0.7 -1.2 49,872 49,654 50,368 50,298 -0.8

 Furniture and related products................... 9,793 9,902 10,075 -1.1 -1.7 -1.5 9,713 9,865 10,084 10,501 -7.5

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, November Full Report, January 6, 2023. Information on data sources and methodology can be found on our website at 

<www.census.gov/manufacturing/m3/how_the_data_are_collected/index.html>.
Table 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. 2022/

2022p 2022r 2022 Nov. Oct. Sep. 2022p 2022r 2022 2021 2021

 All manufacturing industries...................... 804,664 804,577 801,300 0.0 0.4 0.1 802,964 806,697 799,558 755,419 6.3

 Excluding transportation........................ 647,933 647,801 644,204 0.0 0.6 0.2 645,258 648,171 641,356 600,528 7.4

 Excluding defense............................. 777,691 777,999 774,904 0.0 0.4 0.2 776,032 780,105 773,158 729,746 6.3

 With unfilled orders............................. 391,817 391,124 390,571 0.2 0.1 0.1 391,326 390,397 390,230 371,522 5.3

 Durable goods industries........................ 489,625 489,302 488,706 0.1 0.1 0.3 489,297 488,842 487,826 463,056 5.7

 Wood products........................................ 14,597 14,630 14,742 -0.2 -0.8 0.0 14,535 14,492 14,409 14,060 3.4

 Nonmetallic mineral products..................... 16,596 16,513 16,401 0.5 0.7 0.8 16,187 16,157 16,168 14,669 10.3

 Primary metals......................................... 38,182 38,464 38,807 -0.7 -0.9 -0.5 37,839 38,107 38,453 37,024 2.2

 Iron and steel mills............................... 22,187 22,432 22,752 -1.1 -1.4 -0.3 22,052 22,310 22,572 22,429 -1.7

 Aluminum and nonferrous metals............ 13,217 13,276 13,351 -0.4 -0.6 -0.9 13,056 13,094 13,273 12,070 8.2

 Ferrous metal foundries........................ 2,778 2,756 2,704 0.8 1.9 0.1 2,731 2,703 2,608 2,525 8.2

 Fabricated metal products......................... 62,340 62,357 62,587 0.0 -0.4 -0.3 61,455 61,644 62,289 58,984 4.2

 Machinery.............................................. 86,965 86,592 85,656 0.4 1.1 1.5 87,585 86,144 85,546 76,927 13.9

 Farm machinery.................................. 5,572 5,912 6,035 -5.8 -2.0 1.0 5,619 5,692 5,712 4,922 14.2

 Construction machinery......................... 7,659 7,457 7,223 2.7 3.2 1.2 7,668 7,408 7,205 6,330 21.1

 Mining, oil field, 

 and gas field machinery.................... 6,491 6,405 6,295 1.3 1.7 1.9 6,522 6,447 6,308 5,796 12.5

 Industrial machinery............................. 11,443 11,179 10,964 2.4 2.0 2.2 11,605 10,839 11,322 9,768 18.8

 Photographic equipment....................... 1,419 1,406 1,395 0.9 0.8 0.4 1,447 1,424 1,374 1,373 5.4

 Ventilation, heating, air-conditioning,

 and refrigeration equipment............... 8,264 8,120 7,937 1.8 2.3 2.0 8,083 7,959 7,671 6,318 27.9

 Metalworking machinery........................ 6,764 6,811 6,806 -0.7 0.1 0.6 6,854 6,891 6,843 6,360 7.8

 Turbines, generators, and other

 power transmission equipment............ 10,688 10,699 10,587 -0.1 1.1 2.8 10,797 10,723 10,591 9,810 10.1

 Material handling equipment.................. 7,173 7,094 6,983 1.1 1.6 1.3 7,429 7,232 7,108 6,490 14.5

 Computers and electronic products2

............ 53,101 53,051 52,754 0.1 0.6 0.5 53,371 53,254 52,533 50,913 4.8

 Computers......................................... 2,142 2,129 2,133 0.6 -0.2 -0.7 2,152 2,101 2,248 2,046 5.2

 Computer storage devices.................... 843 857 861 -1.6 -0.5 -0.5 889 878 848 933 -4.7

 Other peripheral equipment................... 956 965 955 -0.9 1.0 0.7 989 956 935 859 15.1

 Nondefense communications

 equipment...................................... 4,771 4,762 4,774 0.2 -0.3 0.8 4,881 4,885 4,775 4,710 3.6

 Defense communications equipment........ 655 655 653 0.0 0.3 -0.2 655 655 653 662 -1.1

 Audio and video equipment.................... 1,087 1,110 1,136 -2.1 -2.3 -1.6 1,075 1,096 1,169 979 9.8

 Electronic components.......................... 10,205 10,210 10,025 0.0 1.8 1.5 9,910 9,966 9,819 9,631 2.9

 Nondefense search and navigation

 equipment...................................... 3,521 3,482 3,443 1.1 1.1 -0.3 3,514 3,545 3,462 3,189 10.2

 Defense search and navigation

 equipment....................................... 2,838 2,832 2,835 0.2 -0.1 0.3 2,817 2,807 2,770 2,856 -1.4

 Electromedical, measuring 

 and control instruments...................... 18,132 18,064 18,025 0.4 0.2 0.4 18,336 18,170 18,006 17,204 6.6

 Electrical equipment, appliances, 

 and components.................................... 23,644 23,419 23,259 1.0 0.7 0.4 23,175 22,955 22,841 20,478 13.2

 Electric lighting equipment..................... 2,119 2,111 2,106 0.4 0.2 0.7 2,117 2,116 2,107 2,090 1.3

 Household appliances........................... 3,187 3,190 3,200 -0.1 -0.3 -2.8 3,093 3,199 3,183 2,872 7.7

 Electrical equipment............................. 8,170 8,063 7,953 1.3 1.4 1.8 8,062 7,747 7,549 6,785 18.8

 Batteries............................................ 1,644 1,598 1,567 2.9 2.0 0.4 1,489 1,553 1,616 1,412 5.5

 Transportation equipment......................... 156,731 156,776 157,096 0.0 -0.2 -0.2 157,706 158,526 158,202 154,891 1.8

 Automobiles....................................... 6,751 6,648 6,234 1.5 6.6 -1.3 6,787 6,962 6,436 6,595 2.9

 Light trucks and utility vehicles.............. 9,834 9,990 10,486 -1.6 -4.7 4.2 10,173 10,371 10,744 9,242 10.1

 Heavy duty trucks ............................... 2,976 2,953 2,909 0.8 1.5 2.0 2,874 2,907 2,877 2,622 9.6

 Motor vehicle bodies, parts, 

 and trailers...................................... 32,334 32,335 32,282 0.0 0.2 -0.6 31,917 32,099 32,220 30,468 4.8

 Nondefense aircraft and parts................ 74,369 74,831 75,331 -0.6 -0.7 -0.5 75,429 76,020 75,946 77,377 -2.5

 Defense aircraft and parts..................... 12,828 12,772 12,764 0.4 0.1 -0.8 12,872 12,781 12,747 12,743 1.0

 Ships and boats.................................. 4,765 4,639 4,521 2.7 2.6 -1.7 4,709 4,680 4,614 3,839 22.7

 Furniture and related products.................... 10,028 10,023 10,024 0.0 0.0 0.4 9,885 9,823 9,914 8,895 11.1

 Miscellaneous durable goods..................... 27,441 27,477 27,380 -0.1 0.4 0.3 27,559 27,740 27,471 26,215 5.1

 Nondurable goods industries...................... 315,039 315,275 312,594 -0.1 0.9 -0.1 313,667 317,855 311,732 292,363 7.3

 Food products........................................ 64,168 63,895 63,571 0.4 0.5 0.8 65,666 67,038 64,098 61,685 6.5

 Grain and oilseed milling........................ 7,874 7,812 7,812 0.8 0.0 -0.5 7,866 8,085 7,620 7,244 8.6

 Dairy products.................................... 9,552 9,462 9,382 1.0 0.9 0.5 9,145 9,254 9,344 8,129 12.5

 Meat, poultry, and seafood products....... 11,017 11,078 11,101 -0.6 -0.2 0.6 11,062 11,329 11,224 10,346 6.9

 Beverage and tobacco products................ 28,414 28,466 28,449 -0.2 0.1 0.0 28,799 28,763 28,084 27,593 4.4

 Beverages......................................... 24,787 24,811 24,792 -0.1 0.1 -0.1 25,007 25,041 24,577 23,804 5.1

 Tobacco............................................ 3,627 3,655 3,657 -0.8 -0.1 0.3 3,792 3,722 3,507 3,789 0.1

 Textile mills............................................ 3,647 3,637 3,626 0.3 0.3 -0.2 3,601 3,592 3,615 3,217 11.9

 Textile products...................................... 4,289 4,317 4,333 -0.6 -0.4 0.1 4,293 4,318 4,345 4,078 5.3

 Apparel................................................. 2,452 2,403 2,395 2.0 0.3 0.6 2,387 2,469 2,468 1,903 25.4

 Leather and allied products....................... 1,260 1,258 1,221 0.2 3.0 3.0 1,233 1,238 1,213 846 45.7

 Paper products....................................... 16,732 16,739 16,750 0.0 -0.1 0.3 16,434 16,524 16,772 15,659 4.9

 Pulp, paper, and paperboard mills........... 5,066 5,064 5,070 0.0 -0.1 1.4 4,996 4,953 5,023 4,814 3.8

 Paperboard containers......................... 6,209 6,176 6,144 0.5 0.5 -0.2 6,082 6,121 6,183 5,644 7.8

 Printing.................................................. 6,506 6,472 6,503 0.5 -0.5 0.0 6,554 6,652 6,678 6,185 6.0

 Petroleum and coal products..................... 51,182 51,270 48,669 -0.2 5.3 -1.6 49,161 50,752 48,221 41,647 18.0

 Petroleum refineries............................. 44,112 44,308 41,855 -0.4 5.9 -2.6 42,295 43,991 41,472 35,871 17.9

 Chemical products..................................... 104,359 104,816 105,028 -0.4 -0.2 0.1 103,743 104,697 104,224 99,810 3.9

 Pesticides, fertilizers, and other

 agricultural chemicals........................ 6,839 6,848 6,878 -0.1 -0.4 0.8 6,754 6,574 6,599 5,704 18.4

 Pharmaceuticals and medicines.............. 42,994 43,095 43,003 -0.2 0.2 -0.1 42,948 43,291 42,644 43,323 -0.9

 Paints, coatings, and adhesives.............. 5,344 5,295 5,246 0.9 0.9 1.5 5,156 5,158 5,141 4,136 24.7

 Plastics and rubber products..................... 32,030 32,002 32,049 0.1 -0.1 -0.3 31,796 31,812 32,014 29,740 6.9

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, November Full Report, January 6, 2023. Information on data sources and methodology can be found on our website at 

<www.census.gov/manufacturing/m3/how_the_data_are_collected/index.html>. 
Table 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. 2022/

2022p 2022r 2022 Nov. Oct. Sep. 2022p 2022r 2022 2021 2022p 2021 2021

SHIPMENTS

 All manufacturing industries......................... 548,632 552,057 550,844 -0.6 0.2 0.3 535,505 559,121 567,627 494,475 5,950,204 5,290,628 12.5

 Construction materials and supplies....... 61,333 61,273 61,329 0.1 -0.1 -0.3 58,012 63,475 64,113 56,291 681,070 624,001 9.1

 Information technology......................... 25,153 25,250 25,028 -0.4 0.9 -0.6 24,571 24,834 27,819 23,082 268,235 249,075 7.7

 Computers and related products........... 2,303 2,270 2,170 1.5 4.6 0.1 2,178 2,271 2,470 1,692 21,796 18,770 16.1

 Motor vehicle and parts......................... 61,690 61,821 61,757 -0.2 0.1 2.5 60,974 63,442 65,138 53,224 652,726 569,322 14.6

 Capital goods...................................... 99,070 98,448 97,199 0.6 1.3 -0.5 96,345 95,831 105,079 85,726 1,031,408 926,694 11.3

 Nondefense capital goods3.................. 84,822 84,170 82,827 0.8 1.6 -0.4 81,089 81,839 89,440 71,412 878,616 782,897 12.2

 Excluding aircraft............................. 75,102 75,159 74,080 -0.1 1.5 -0.1 71,181 74,478 78,745 65,433 799,186 718,182 11.3

 Defense capital goods4........................ 14,248 14,278 14,372 -0.2 -0.7 -0.9 15,256 13,992 15,639 14,314 152,792 143,797 6.3

 Consumer goods.................................. 235,417 239,134 238,616 -1.6 0.2 1.2 233,157 245,325 241,178 209,173 2,550,325 2,181,203 16.9

 Consumer durable goods..................... 46,188 46,475 46,619 -0.6 -0.3 3.0 46,311 47,576 49,604 40,991 488,206 434,225 12.4

 Consumer nondurable goods................ 189,229 192,659 191,997 -1.8 0.3 0.8 186,846 197,749 191,574 168,182 2,062,119 1,746,978 18.0

 All manufacturing industries5...................... 543,296 553,138 550,895 -1.8 0.4 0.3 526,888 555,370 566,852 493,172 5,951,187 5,302,806 12.2

 Construction materials and supplies....... 61,611 61,465 61,568 0.2 -0.2 -0.4 57,304 62,268 63,471 55,765 683,823 643,907 6.2

 Information technology......................... 25,234 25,158 25,070 0.3 0.4 -1.6 24,091 24,553 28,754 24,037 269,196 257,211 4.7

 Computers and related products........... 2,277 2,271 2,158 0.3 5.2 0.0 2,152 2,272 2,458 1,662 21,750 18,652 16.6

 Motor vehicle and parts......................... 61,767 61,816 61,324 -0.1 0.8 2.2 61,530 62,705 64,680 53,749 652,064 572,539 13.9

 Capital goods...................................... 98,659 104,458 102,993 -5.6 1.4 0.5 93,756 100,590 111,392 89,761 1,082,100 963,599 12.3

 Nondefense capital goods3.................. 83,303 90,241 89,346 -7.7 1.0 3.7 78,876 88,479 93,766 77,181 932,620 822,129 13.4

 Excluding aircraft............................. 75,124 75,055 74,819 0.1 0.3 -0.7 71,002 74,305 78,907 67,555 808,160 742,685 8.8

 Defense capital goods4........................ 15,356 14,217 13,647 8.0 4.2 -16.6 14,880 12,111 17,626 12,580 149,480 141,470 5.7

 Consumer goods.................................. 235,498 239,143 238,599 -1.5 0.2 1.2 233,272 245,351 241,442 209,148 2,549,801 2,183,358 16.8

 Consumer durable goods..................... 46,269 46,484 46,602 -0.5 -0.3 3.2 46,426 47,602 49,868 40,966 487,682 436,380 11.8

 Consumer nondurable goods.............. 189,229 192,659 191,997 -1.8 0.3 0.8 186,846 197,749 191,574 168,182 2,062,119 1,746,978 18.0

 All manufacturing industries5...................... 1,143,060 1,143,249 1,137,101 0.0 0.5 0.5 1,130,698 1,133,504 1,131,417 1,061,764 (X) (X) 6.5

 Construction materials and supplies....... 89,943 89,665 89,473 0.3 0.2 0.3 87,614 88,322 89,529 83,984 (X) (X) 4.3

 Information technology......................... 143,530 143,449 143,541 0.1 -0.1 0.0 142,372 142,852 143,133 139,397 (X) (X) 2.1

 Computers and related products........... 1,173 1,199 1,198 -2.2 0.1 -1.0 1,173 1,199 1,198 1,259 (X) (X) -6.8

 Motor vehicle and parts......................... 27,845 27,768 27,773 0.3 0.0 -1.5 27,085 26,529 27,266 26,918 (X) (X) 0.6

 Capital goods...................................... 838,019 838,430 832,420 0.0 0.7 0.7 830,863 833,452 828,693 772,649 (X) (X) 7.5

 Nondefense capital goods3.................. 649,833 651,352 645,281 -0.2 0.9 1.0 645,632 647,845 641,205 586,071 (X) (X) 10.2

 Excluding aircraft............................. 267,436 267,414 267,518 0.0 0.0 0.3 265,268 265,447 265,620 255,354 (X) (X) 3.9

 Defense capital goods4........................ 188,186 187,078 187,139 0.6 0.0 -0.4 185,231 185,607 187,488 186,578 (X) (X) -0.7

 Consumer goods.................................. 10,842 10,761 10,752 0.8 0.1 -0.2 10,971 10,856 10,830 11,725 (X) (X) -6.4

 Consumer durable goods..................... 10,842 10,761 10,752 0.8 0.1 -0.2 10,971 10,856 10,830 11,725 (X) (X) -6.4 

 All manufacturing industries....................... 804,664 804,577 801,300 0.0 0.4 0.1 802,964 806,697 799,558 755,419 (X) (X) 6.3

 Construction materials and supplies....... 87,256 87,105 87,078 0.2 0.0 0.4 85,751 85,829 86,119 80,476 (X) (X) 6.6

 Information technology......................... 45,004 44,833 44,755 0.4 0.2 0.2 45,294 44,970 44,732 42,244 (X) (X) 7.2

 Computers and related products........... 3,941 3,951 3,949 -0.3 0.1 -0.3 4,030 3,935 4,031 3,838 (X) (X) 5.0

 Motor vehicle and parts......................... 51,895 51,926 51,911 -0.1 0.0 0.4 51,751 52,339 52,277 48,927 (X) (X) 5.8

 Capital goods...................................... 238,574 238,022 237,277 0.2 0.3 0.4 240,367 238,696 237,623 226,451 (X) (X) 6.1

 Nondefense capital goods3.................. 215,596 215,445 214,869 0.1 0.3 0.6 217,474 216,114 215,194 204,678 (X) (X) 6.3

 Excluding aircraft............................. 151,891 151,279 150,196 0.4 0.7 1.1 152,658 150,725 149,853 137,860 (X) (X) 10.7

 Defense capital goods4........................ 22,978 22,577 22,408 1.8 0.8 -1.2 22,893 22,582 22,429 21,773 (X) (X) 5.1

 Consumer goods.................................. 245,701 245,823 242,974 0.0 1.2 0.0 245,809 249,839 243,047 229,348 (X) (X) 7.2

 Consumer durable goods..................... 43,600 43,716 43,809 -0.3 -0.2 0.6 43,913 44,503 44,322 40,722 (X) (X) 7.8

 Consumer nondurable goods................ 202,101 202,107 199,165 0.0 1.5 -0.2 201,896 205,336 198,725 188,626 (X) (X) 7.0

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, November Full Report, January 6, 2023. Information on data sources and methodology can be found on our website at 

<www.census.gov/manufacturing/m3/how_the_data_are_collected/index.html>. 
Table 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. 2022/

2022p 2022r 2022 Nov. Oct. Sep. 2022p 2022r 2022 2021 2021

MATERIALS AND SUPPLIES

 All manufacturing industries....................... 296,092 296,935 296,095 -0.3 0.3 0.5 293,902 296,519 295,613 272,219 8.0

 Durable goods industries.......................... 181,630 181,581 180,955 0.0 0.3 0.3 180,883 181,224 181,149 167,295 8.1

 Wood products................................... 6,373 6,432 6,505 -0.9 -1.1 -0.5 6,470 6,474 6,478 6,157 5.1

 Nonmetallic mineral products................. 7,330 7,300 7,308 0.4 -0.1 0.7 7,253 7,243 7,277 6,312 14.9

 Primary metals.................................... 13,721 14,085 14,182 -2.6 -0.7 -0.9 13,804 14,249 14,151 13,491 2.3

 Fabricated metal products.......................... 24,875 25,036 25,328 -0.6 -1.2 -0.9 24,571 24,805 25,505 24,219 1.5

 Machinery.......................................... 37,933 37,726 37,115 0.5 1.6 1.8 37,791 37,646 37,144 33,449 13.0

 Computers and electronic products........ 25,535 25,388 25,405 0.6 -0.1 0.4 25,614 25,477 25,445 22,892 11.9

 Electrical equipment, appliances,

 and components............................... 11,239 11,059 10,998 1.6 0.6 -0.2 11,031 10,822 10,818 9,362 17.8

 Transportation equipment..................... 40,828 40,766 40,420 0.2 0.9 0.3 40,677 40,818 40,678 38,597 5.4

 Furniture and related products............... 4,859 4,798 4,807 1.3 -0.2 -1.4 4,701 4,657 4,721 4,184 12.4

 Miscellaneous products......................... 8,937 8,991 8,887 -0.6 1.2 0.6 8,971 9,033 8,932 8,632 3.9

 Nondurable goods industries...................... 114,462 115,354 115,140 -0.8 0.2 0.8 113,019 115,295 114,464 104,924 7.7

 Food products.................................... 24,526 24,500 24,507 0.1 0.0 1.8 24,753 25,173 24,414 23,575 5.0

 Beverage and tobacco products........................ 5,933 5,902 5,853 0.5 0.8 2.4 6,081 5,960 5,734 6,285 -3.2

 Textiles.............................................. 1,439 1,445 1,433 -0.4 0.8 0.1 1,419 1,420 1,426 1,300 9.2

 Textile products................................... 1,558 1,564 1,577 -0.4 -0.8 -0.4 1,554 1,559 1,582 1,427 8.9

 Apparel............................................. 727 735 735 -1.1 0.0 -0.5 708 747 745 644 9.9

 Leather and allied products.................... 396 398 385 -0.5 3.4 2.4 384 390 384 308 24.7

 Paper products.................................... 8,825 8,837 8,853 -0.1 -0.2 -0.2 8,735 8,750 8,896 8,142 7.3

 Printing ............................................. 3,454 3,440 3,443 0.4 -0.1 2.2 3,465 3,498 3,525 3,153 9.9

 Petroleum and coal products................. 17,007 17,821 17,505 -4.6 1.8 -0.9 15,861 17,441 17,178 13,721 15.6

 Chemical products................................ 36,480 36,610 36,647 -0.4 -0.1 0.5 36,091 36,403 36,283 33,379 8.1

 Plastics and rubber products.................. 14,117 14,102 14,202 0.1 -0.7 2.0 13,968 13,954 14,297 12,990 7.5

WORK IN PROCESS

 All manufacturing industries....................... 225,949 224,783 224,408 0.5 0.2 -0.2 227,233 226,643 224,165 217,852 4.3

 Durable goods industries.......................... 172,439 171,952 172,380 0.3 -0.2 -0.1 173,088 172,518 172,816 168,263 2.9

 Wood products................................... 2,088 2,108 2,088 -0.9 1.0 1.7 2,070 2,078 2,031 1,982 4.4

 Nonmetallic mineral products................. 1,515 1,508 1,493 0.5 1.0 0.6 1,458 1,448 1,458 1,461 -0.2

 Primary metals.................................... 12,645 12,592 12,782 0.4 -1.5 0.9 12,467 12,545 12,793 12,181 2.3

 Fabricated metal products.......................... 15,029 14,955 14,834 0.5 0.8 -0.6 14,910 14,914 14,769 13,970 6.7

 Machinery.......................................... 23,905 23,765 23,805 0.6 -0.2 1.2 24,288 23,478 24,027 20,701 17.3

 Computers and electronic products........ 13,306 13,356 13,255 -0.4 0.8 0.3 13,151 13,214 12,936 13,908 -5.4

 Electrical equipment, appliances,

 and components............................... 4,343 4,319 4,270 0.6 1.1 1.1 4,277 4,250 4,182 3,897 9.8

 Transportation equipment..................... 93,542 93,305 93,823 0.3 -0.6 -0.6 94,369 94,492 94,528 94,517 -0.2

 Furniture and related products............... 1,410 1,412 1,383 -0.1 2.1 2.7 1,438 1,403 1,387 1,379 4.3

 Miscellaneous products......................... 4,656 4,632 4,647 0.5 -0.3 0.3 4,660 4,696 4,705 4,267 9.2

 Nondurable goods industries...................... 53,510 52,831 52,028 1.3 1.5 -0.8 54,145 54,125 51,349 49,589 9.2

 Food products.................................... 5,875 5,967 5,838 -1.5 2.2 -4.1 6,548 6,860 5,440 6,414 2.1

 Beverage and tobacco products........................ 8,873 8,862 8,835 0.1 0.3 -1.9 9,178 9,060 8,778 8,936 2.7

 Textiles.............................................. 612 608 616 0.7 -1.3 -1.0 608 608 619 592 2.7

 Textile products................................... 457 455 464 0.4 -1.9 -1.3 459 453 473 430 6.7

 Apparel............................................. 289 286 284 1.0 0.7 0.4 282 289 290 265 6.4

 Leather and allied products.................... 122 119 118 2.5 0.8 0.0 120 116 116 117 2.6

 Paper products.................................... 1,437 1,427 1,427 0.7 0.0 1.4 1,413 1,406 1,416 1,376 2.7

 Printing ............................................. 1,195 1,189 1,198 0.5 -0.8 -4.9 1,221 1,260 1,258 1,271 -3.9

 Petroleum and coal products................. 14,943 14,571 13,898 2.6 4.8 5.1 14,437 14,705 13,810 10,571 36.6

 Chemical products................................ 16,263 15,903 15,945 2.3 -0.3 -2.7 16,420 15,891 15,716 16,123 1.8

 Plastics and rubber products.................. 3,444 3,444 3,405 0.0 1.1 -5.3 3,459 3,477 3,433 3,494 -1.0

FINISHED GOODS

 All manufacturing industries....................... 282,623 282,859 280,797 -0.1 0.7 0.0 281,829 283,535 279,780 265,348 6.2

 Durable goods industries.......................... 135,556 135,769 135,371 -0.2 0.3 0.6 135,326 135,100 133,861 127,498 6.1

 Wood products................................... 6,136 6,090 6,149 0.8 -1.0 0.0 5,995 5,940 5,900 5,921 1.2

 Nonmetallic mineral products................. 7,751 7,705 7,600 0.6 1.4 0.9 7,476 7,466 7,433 6,896 8.4

 Primary metals.................................... 11,816 11,787 11,843 0.2 -0.5 -1.5 11,568 11,313 11,509 11,352 1.9

 Fabricated metal products.......................... 22,436 22,366 22,425 0.3 -0.3 0.7 21,974 21,925 22,015 20,795 5.7

 Machinery.......................................... 25,127 25,101 24,736 0.1 1.5 1.3 25,506 25,020 24,375 22,777 12.0

 Computers and electronic products........ 14,260 14,307 14,094 -0.3 1.5 1.0 14,606 14,563 14,152 14,113 3.5

 Electrical equipment, appliances,

 and components............................... 8,062 8,041 7,991 0.3 0.6 0.8 7,867 7,883 7,841 7,219 9.0

 Transportation equipment..................... 22,361 22,705 22,853 -1.5 -0.6 0.8 22,660 23,216 22,996 21,777 4.1

 Furniture and related products............... 3,759 3,813 3,834 -1.4 -0.5 1.9 3,746 3,763 3,806 3,332 12.4

 Miscellaneous products......................... 13,848 13,854 13,846 0.0 0.1 0.1 13,928 14,011 13,834 13,316 4.6

 Nondurable goods industries...................... 147,067 147,090 145,426 0.0 1.1 -0.5 146,503 148,435 145,919 137,850 6.3

 Food products.................................... 33,767 33,428 33,226 1.0 0.6 1.0 34,365 35,005 34,244 31,696 8.4

 Beverage and tobacco products........................ 13,608 13,702 13,761 -0.7 -0.4 0.2 13,540 13,743 13,572 12,372 9.4

 Textiles.............................................. 1,596 1,584 1,577 0.8 0.4 -0.3 1,574 1,564 1,570 1,325 18.8

 Textile products................................... 2,274 2,298 2,292 -1.0 0.3 0.7 2,280 2,306 2,290 2,221 2.7

 Apparel............................................. 1,436 1,382 1,376 3.9 0.4 1.3 1,397 1,433 1,433 994 40.5

 Leather and allied products.................... 742 741 718 0.1 3.2 3.8 729 732 713 421 73.2

 Paper products.................................... 6,470 6,475 6,470 -0.1 0.1 0.7 6,286 6,368 6,460 6,141 2.4

 Printing ............................................. 1,857 1,843 1,862 0.8 -1.0 -0.6 1,868 1,894 1,895 1,761 6.1

 Petroleum and coal products................. 19,232 18,878 17,266 1.9 9.3 -7.0 18,863 18,606 17,233 17,355 8.7

 Chemical products................................ 51,616 52,303 52,436 -1.3 -0.3 0.7 51,232 52,403 52,225 50,308 1.8

 Plastics and rubber products.................. 14,469 14,456 14,442 0.1 0.1 -1.4 14,369 14,381 14,284 13,256 8.4

p

 Preliminary 

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

1

 Estimates of shipments and new orders are for the duration of the period, while estimates of unfilled orders and total inventories are for the end of the period. Not seasonally adjusted estimates of shipments and new orders include adjusted data for 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, November Full Report, January 6, 2023. Information on data sources and methodology can be found on our website at 

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

2022p 2022r 2022 2022 2022p 2022r 2022 2022

All manufacturing industries3

.................................... 1.47 1.46 1.45 1.46 (X) (X) (X) (X)

Durable goods industries3

........................................ 1.78 1.78 1.78 1.78 6.02 6.03 6.03 5.98

 Wood products........................................................... 1.14 1.15 1.15 1.15 (X) (X) (X) (X)

 Nonmetallic mineral products............................. 1.33 1.32 1.31 1.30 (X) (X) (X) (X)

 Primary metals............................................................ 1.91 1.90 1.91 1.88 1.53 1.51 1.51 1.48

 Fabricated metal products...................................... 1.71 1.71 1.71 1.70 3.31 3.30 3.29 3.28

 Machinery..................................................................... 2.24 2.23 2.24 2.21 3.77 3.75 3.82 3.83

 Computers and electronic products3

................... 1.79 1.80 1.80 1.80 6.23 6.23 6.28 6.27

 Electrical equipment, appliances,

 and components.................................................... 1.73 1.74 1.73 1.72 3.19 3.21 3.19 3.18

 Transportation equipment..................................... 1.71 1.72 1.73 1.76 11.64 11.84 11.82 11.66

 Furniture and related products............................ 1.61 1.60 1.61 1.61 1.78 1.79 1.82 1.86

 Miscellaneous products.......................................... 1.95 1.96 1.96 1.94 (X) (X) (X) (X)

Nondurable goods industries................................... 1.15 1.14 1.13 1.13 (X) (X) (X) (X)

 Food products............................................................. 0.84 0.84 0.84 0.83 (X) (X) (X) (X)

 Beverage and tobacco products........................... 1.69 1.70 1.68 1.68 (X) (X) (X) (X)

 Textiles.......................................................................... 1.62 1.59 1.56 1.55 (X) (X) (X) (X)

 Textile products......................................................... 2.24 2.22 2.17 2.18 (X) (X) (X) (X)

 Apparel........................................................................ 3.17 3.17 3.25 3.32 (X) (X) (X) (X)

 Leather and allied products................................ 2.60 2.65 2.64 2.67 (X) (X) (X) (X)

 Paper products.......................................................... 1.03 1.03 1.03 1.03 (X) (X) (X) (X)

 Printing........................................................................ 0.93 0.92 0.93 0.94 (X) (X) (X) (X)

 Petroleum and coal products............................... 0.81 0.77 0.74 0.76 (X) (X) (X) (X)

 Chemical products................................................... 1.58 1.58 1.58 1.57 (X) (X) (X) (X)

 Plastics and rubber products................................ 1.44 1.44 1.44 1.43 (X) (X) (X) (X)

Nov3 Nov3 Nov3 Nov3

Industry 2021- 2021- 2021- 2021-

Nov2 Oct Nov2 Oct Nov2 Oct Nov2 Oct

2022 2022 2022 2022 2022 2022 2022 2022

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

Durable goods industries....................... 0.0 0.2 0.0 0.5 0.0 0.1 0.0 0.1

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

 Nonmetallic mineral products.............. (X) 0.5 (X) (NA) (X) (NA) (X) 0.2

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

 Fabricated metal products.................... 0.1 0.2 0.0 0.4 0.0 0.1 -0.1 0.1

 Machinery...................................................... 0.1 0.3 -0.2 0.4 0.0 0.1 -0.1 0.2

 Computers and electronic products..... 0.0 0.2 0.0 0.5 0.0 0.1 0.0 0.1

 Electrical equipment, appliances,

 and components..................................... -0.1 0.4 -0.1 0.7 0.0 0.2 0.1 0.3

 Transportation equipment.................... 0.0 0.4 0.0 1.3 0.0 0.1 0.1 0.1

 Furniture and related products............. (X) 0.4 (X) 0.6 (X) 0.5 (X) 0.4

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

 Textiles.......................................................... (X) 0.5 (X) (NA) (X) (NA) (X) 0.4

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

 Apparel......................................................... (X) 0.5 (X) (NA) (X) (NA) (X) 0.8

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

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

 Printing.......................................................... (X) 0.8 (X) (NA) (X) (NA) (X) 0.3

 Petroleum and coal products............... (X) 1.2 (X) (NA) (X) (NA) (X) 0.6

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

 Plastics and rubber products................ (X) 0.1 (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, November Full Report, January 6, 2023. Information on data 

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

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, November Full Report, January 6, 2023. 

Information on data sources and methodology can be found on our website at 

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

Table 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