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 2024/

2024p 2024r 2024 May Apr. Mar. 2024p 2024r 2024 2023 2023

MATERIALS AND SUPPLIES

 All manufacturing industries....................... 313,163 312,344 312,112 0.3 0.1 0.0 313,687 313,221 311,375 315,240 -0.5

 Durable goods industries.......................... 196,653 196,268 196,482 0.2 -0.1 -0.2 196,812 196,475 195,899 197,421 -0.3

 Wood products................................... 7,648 7,623 7,570 0.3 0.7 0.3 7,409 7,447 7,587 7,427 -0.2

 Nonmetallic mineral products................. 7,899 7,845 7,850 0.7 -0.1 -0.2 7,955 7,893 7,895 7,818 1.8

 Primary metals.................................... 19,392 19,221 19,289 0.9 -0.4 0.6 19,573 19,259 19,193 18,975 3.2

 Fabricated metal products.......................... 24,820 24,737 24,688 0.3 0.2 0.7 24,842 24,665 24,611 24,485 1.5

 Machinery.......................................... 40,045 40,060 40,176 0.0 -0.3 -0.4 40,259 40,397 40,267 40,761 -1.2

 Computers and electronic products........ 26,951 27,079 27,212 -0.5 -0.5 -0.4 26,987 27,051 26,749 26,757 0.9

 Electrical equipment, appliances,

 and components............................... 12,567 12,530 12,525 0.3 0.0 -0.7 12,700 12,623 12,516 12,831 -1.0

 Transportation equipment..................... 42,432 42,284 42,218 0.4 0.2 -0.2 42,090 42,185 42,147 43,202 -2.6

 Furniture and related products............... 5,212 5,185 5,176 0.5 0.2 -0.7 5,339 5,270 5,250 5,415 -1.4

 Miscellaneous products......................... 9,687 9,704 9,778 -0.2 -0.8 -1.1 9,658 9,685 9,684 9,750 -0.9

 Nondurable goods industries...................... 116,510 116,076 115,630 0.4 0.4 0.3 116,875 116,746 115,476 117,819 -0.8

 Food products.................................... 25,932 25,941 25,813 0.0 0.5 0.9 25,395 25,489 25,664 25,705 -1.2

 Beverage and tobacco products........................ 6,120 6,107 6,115 0.2 -0.1 0.2 6,104 6,170 6,193 6,373 -4.2

 Textiles.............................................. 1,490 1,500 1,484 -0.7 1.1 0.0 1,499 1,503 1,475 1,467 2.2

 Textile products................................... 1,669 1,672 1,677 -0.2 -0.3 -0.2 1,669 1,664 1,682 1,719 -2.9

 Apparel............................................. 614 606 610 1.3 -0.7 9.9 612 600 604 568 7.7

 Leather and allied products.................... 373 374 380 -0.3 -1.6 -1.3 377 372 378 393 -4.1

 Paper products.................................... 9,347 9,338 9,324 0.1 0.2 0.2 9,341 9,300 9,294 9,625 -3.0

 Printing ............................................. 3,509 3,457 3,437 1.5 0.6 0.7 3,465 3,432 3,414 3,499 -1.0

 Petroleum and coal products................. 14,315 14,162 14,181 1.1 -0.1 0.5 14,897 14,848 13,971 13,377 11.4

 Chemical products................................ 38,782 38,682 38,356 0.3 0.8 -0.2 39,096 39,089 38,531 39,802 -1.8

 Plastics and rubber products.................. 14,359 14,237 14,253 0.9 -0.1 0.3 14,420 14,279 14,270 15,291 -5.7

WORK IN PROCESS

 All manufacturing industries....................... 251,328 249,246 248,044 0.8 0.5 0.3 253,400 250,854 248,774 241,420 5.0

 Durable goods industries.......................... 186,884 185,380 184,203 0.8 0.6 0.5 188,643 185,917 184,592 179,018 5.4

 Wood products................................... 1,849 1,817 1,793 1.8 1.3 0.3 1,829 1,818 1,844 1,800 1.6

 Nonmetallic mineral products................. 1,832 1,801 1,765 1.7 2.0 -1.1 1,880 1,868 1,820 1,740 8.0

 Primary metals.................................... 11,714 11,735 11,735 -0.2 0.0 0.1 11,962 11,927 11,655 12,953 -7.7

 Fabricated metal products.......................... 17,299 17,311 17,307 -0.1 0.0 -0.3 17,536 17,505 17,361 17,198 2.0

 Machinery.......................................... 24,332 24,371 24,415 -0.2 -0.2 -0.9 24,838 24,197 24,720 24,975 -0.5

 Computers and electronic products........ 14,070 13,848 13,948 1.6 -0.7 0.2 14,282 14,060 13,994 13,766 3.7

 Electrical equipment, appliances,

 and components............................... 4,857 4,813 4,740 0.9 1.5 0.7 4,989 4,883 4,759 4,714 5.8

 Transportation equipment..................... 104,486 103,233 101,996 1.2 1.2 1.0 104,819 103,180 102,030 95,610 9.6

 Furniture and related products............... 1,406 1,425 1,422 -1.3 0.2 3.0 1,430 1,420 1,381 1,468 -2.6

 Miscellaneous products......................... 5,039 5,026 5,082 0.3 -1.1 3.2 5,078 5,059 5,028 4,794 5.9

 Nondurable goods industries...................... 64,444 63,866 63,841 0.9 0.0 -0.4 64,757 64,937 64,182 62,402 3.8

 Food products.................................... 5,792 5,931 6,094 -2.3 -2.7 -0.5 5,358 5,700 6,066 7,139 -24.9

 Beverage and tobacco products........................ 11,723 11,645 11,593 0.7 0.4 1.5 11,669 11,679 11,585 10,957 6.5

 Textiles.............................................. 563 557 558 1.1 -0.2 0.5 567 558 555 579 -2.1

 Textile products................................... 480 468 463 2.6 1.1 0.0 471 464 463 459 2.6

 Apparel............................................. 323 323 324 0.0 -0.3 -1.5 320 316 318 286 11.9

 Leather and allied products.................... 128 131 132 -2.3 -0.8 -1.5 128 130 135 135 -5.2

 Paper products.................................... 1,857 1,856 1,860 0.1 -0.2 0.9 1,878 1,875 1,875 1,625 15.6

 Printing ............................................. 1,199 1,169 1,136 2.6 2.9 0.8 1,173 1,148 1,128 1,142 2.7

 Petroleum and coal products................. 17,875 17,786 17,564 0.5 1.3 -2.3 18,538 18,923 17,849 16,557 12.0

 Chemical products................................ 20,548 20,080 20,183 2.3 -0.5 0.0 20,681 20,215 20,246 19,593 5.6

 Plastics and rubber products.................. 3,956 3,920 3,934 0.9 -0.4 0.4 3,974 3,929 3,962 3,930 1.1

FINISHED GOODS

 All manufacturing industries....................... 295,642 296,714 297,241 -0.4 -0.2 -0.2 298,956 299,785 298,856 302,672 -1.2

 Durable goods industries.......................... 146,393 146,891 147,218 -0.3 -0.2 -0.6 148,709 148,949 147,845 150,611 -1.3

 Wood products................................... 6,554 6,490 6,464 1.0 0.4 0.4 6,637 6,748 6,798 6,618 0.3

 Nonmetallic mineral products................. 7,818 7,831 7,839 -0.2 -0.1 0.1 8,043 8,004 8,044 7,915 1.6

 Primary metals.................................... 14,398 14,645 14,639 -1.7 0.0 -0.9 14,650 14,830 14,871 15,493 -5.4

 Fabricated metal products.......................... 22,512 22,550 22,589 -0.2 -0.2 -0.7 22,983 22,976 22,839 23,864 -3.7

 Machinery.......................................... 30,200 30,233 30,195 -0.1 0.1 0.3 30,284 30,568 30,677 29,623 2.2

 Computers and electronic products........ 14,152 14,140 14,133 0.1 0.0 0.3 14,279 14,152 13,791 15,036 -5.0

 Electrical equipment, appliances,

 and components............................... 8,740 8,707 8,683 0.4 0.3 -0.5 8,925 8,845 8,785 9,131 -2.3

 Transportation equipment..................... 25,396 25,677 26,082 -1.1 -1.6 -2.9 26,248 26,249 25,626 26,062 0.7

 Furniture and related products............... 3,412 3,427 3,453 -0.4 -0.8 0.7 3,421 3,384 3,346 3,636 -5.9

 Miscellaneous products......................... 13,211 13,191 13,141 0.2 0.4 0.1 13,239 13,193 13,068 13,233 0.0

 Nondurable goods industries...................... 149,249 149,823 150,023 -0.4 -0.1 0.1 150,247 150,836 151,011 152,061 -1.2

 Food products.................................... 38,232 38,225 38,067 0.0 0.4 -0.1 37,263 37,932 37,796 36,884 1.0

 Beverage and tobacco products........................ 13,053 13,155 13,251 -0.8 -0.7 0.0 13,340 13,481 13,380 13,708 -2.7

 Textiles.............................................. 1,466 1,479 1,499 -0.9 -1.3 0.7 1,472 1,472 1,489 1,581 -6.9

 Textile products................................... 1,501 1,503 1,498 -0.1 0.3 1.1 1,492 1,497 1,503 1,515 -1.5

 Apparel............................................. 1,235 1,250 1,267 -1.2 -1.3 -5.0 1,221 1,204 1,226 1,343 -9.1

 Leather and allied products.................... 753 736 726 2.3 1.4 0.6 760 723 714 765 -0.7

 Paper products.................................... 6,728 6,751 6,774 -0.3 -0.3 0.1 6,806 6,823 6,816 7,124 -4.5

 Printing ............................................. 2,036 2,044 2,046 -0.4 -0.1 2.6 2,069 2,083 2,060 2,221 -6.8

 Petroleum and coal products................. 15,775 15,655 15,845 0.8 -1.2 1.4 16,628 15,850 15,841 16,807 -1.1

 Chemical products................................ 53,646 54,113 54,135 -0.9 0.0 0.0 54,217 54,611 55,000 54,810 -1.1

 Plastics and rubber products.................. 14,824 14,912 14,915 -0.6 0.0 -0.1 14,979 15,160 15,186 15,303 -2.1

p

 Preliminary 

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

1

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

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

parameters. Estimates are not adjusted for price changes. 

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

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

The Census Bureau has reviewed this data product to ensure appropriate access, use, and disclosure avoidance protection of the confidential source data (Project No. P-6000307, Disclosure Review Board (DRB) approval number: CBDRB-FY24-

0254). 

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, May Full Report, July 3, 2024. Information on data sources and methodology can be found on our website at 

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