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FOR RELEASE AT 10:00 AM EDT, MONDAY, MAY 4, 2020 

MONTHLY FULL REPORT ON MANUFACTURERS’ SHIPMENTS, INVENTORIES AND ORDERS 

MARCH 2020 

Release Number: CB 20-67 M3-2 (20)-03 

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>.

May 4, 2020 — The U.S. Census Bureau announces the March full report on manufacturers’ shipments, 

inventories and orders: 

 MANUFACTURED GOODS – NEW ORDERS 

MARCH 2020 $445.8 billion -10.3%° 

FEBRUARY 2020 

(revised) $496.8 billion -0.1%° 

Next release: June 3, 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, May 4, 2020. 

Summary 

New orders for manufactured goods in March, down four of the last five months, decreased $51.0 billion 

or 10.3 percent to $445.8 billion, the U.S. Census Bureau reported today. This followed a 0.1 percent 

February decrease. Shipments, down three consecutive months, decreased $26.2 billion or 5.2 percent to 

$473.6 billion. This followed a 0.3 percent February decrease. Unfilled orders, down following three 

consecutive monthly increases, decreased $23.6 billion or 2.0 percent to $1,134.9 billion. This followed a 

0.1 percent February increase. The unfilled orders-to-shipments ratio was 6.57, down from 6.62 in 

February. Inventories, down three consecutive months, decreased $5.8 billion or 0.8 percent to $693.5 

billion. This followed a 0.4 percent February decrease. The inventories-to-shipments ratio was 1.46, up 

from 1.40 in February. 

Apr-19 May-19 Jun-19 Jul-19 Aug-19 Sep-19 Oct-19 Nov-19 Dec-19 Jan-20 Feb-20 Mar-20

% Change -1.2% -1.3% 0.5% 1.4% -0.1% -0.8% 0.2% -1.2% 1.9% -0.5% -0.1% -10.3%

-12.0%

-11.0%

-10.0%

-9.0%

-8.0%

-7.0%

-6.0%

-5.0%

-4.0%

-3.0%

-2.0%

-1.0%

0.0%

1.0%

2.0%

3.0%

4.0%

MANUFACTURERS' NEW ORDERS 2019-2020

Seasonally Adjusted, Month-To-Month Percentage Change

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

May 4, 2020. 
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New Orders 

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

increases, decreased $36.6 billion or 14.7 percent to $212.6 billion, down from the previously published 

14.4 percent decrease. This followed a 1.1 percent February increase. Transportation equipment, down 

two of the last three months, led the decrease, $35.9 billion or 41.3 percent to $50.9 billion. New orders 

for manufactured nondurable goods decreased $14.4 billion or 5.8 percent to $233.2 billion.

Shipments 

Shipments of manufactured durable goods in March, down eight of the last nine months, decreased $11.8 

billion or 4.7 percent to $240.4 billion, down from the previously published 4.5 percent decrease. This 

followed a 0.8 percent February increase. Transportation equipment, also down eight of the last nine 

months, led the decrease, $11.1 billion or 13.0 percent to $74.0 billion. Shipments of manufactured 

nondurable goods, down three consecutive months, decreased $14.4 billion or 5.8 percent to $233.2 

billion. This followed a 1.3 percent February decrease. Petroleum and coal products, also down three 

consecutive months, drove the decrease, $15.5 billion or 30.3 percent to $35.6 billion. 

Unfilled Orders 

Unfilled orders for manufactured durable goods in March, down following three consecutive monthly 

increases, decreased $23.6 billion or 2.0 percent to $1,134.9 billion, unchanged from the previously 

published decrease. This followed a 0.1 percent February increase. Transportation equipment, also down 

following three consecutive monthly increases, led the decrease, $23.0 billion or 2.9 percent to $768.1 

billion. 

Inventories

Inventories of manufactured durable goods in March, up eighteen of the last nineteen months, increased 

$2.8 billion or 0.6 percent to $437.4 billion, unchanged from the previously published increase. This 

followed a virtually unchanged February increase. Transportation equipment, up twenty of the last 

twenty-one months, led the increase, $0.9 billion or 0.6 percent to $152.7 billion. Inventories of 

manufactured nondurable goods, down three consecutive months, decreased $8.6 billion or 3.2 percent to 

$256.1 billion. This followed a 1.0 percent February decrease. Petroleum and coal products, also down 

three consecutive months, led the decrease, $7.5 billion or 19.7 percent to $30.8 billion. By stage of 

fabrication, March materials and supplies increased 0.7 percent in durable goods and decreased 1.8 

percent in nondurable goods. Work in process increased 1.1 percent in durable goods and decreased 6.6 

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

2.9 percent in nondurable goods. 
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The Advance Report on durable goods for April is scheduled for release on May 28, 2020 at 8:30 a.m. EDT 

and the Full Report on June 3, 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 
Data Inquiries Media Inquiries 

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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 will be 

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 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 will span 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 will contain 

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

any questions. 

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/>. 
Data Inquiries Media Inquiries 

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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

Mar. Feb. Jan. Feb. - Jan. - Dec. - Mar. Feb. Jan. Mar. 2020/

2020p 2020r 2020 Mar. Feb. Jan. 2020p 2020r 2020 2019 2020p 2019 2019

 All manufacturing industries.................. 473,613 499,771 501,166 -5.2 -0.3 -0.6 496,419 475,204 467,457 525,684 1,439,080 1,462,314 -1.6

 Excluding transportation................... 399,651 414,731 418,586 -3.6 -0.9 -0.5 414,791 391,562 393,128 427,085 1,199,481 1,198,444 0.1

 Excluding defense.............................. 458,921 484,680 485,795 -5.3 -0.2 -0.8 480,130 460,362 454,619 509,231 1,395,111 1,419,735 -1.7

 With unfilled orders............................ 172,682 174,997 174,680 -1.3 0.2 0.4 185,374 167,271 158,993 190,288 511,638 519,111 -1.4

 Durable goods industries......................... 240,383 252,176 250,236 -4.7 0.8 0.0 256,590 241,892 228,169 272,906 726,651 748,203 -2.9

 Wood products....................................... 9,344 9,379 9,434 -0.4 -0.6 0.8 9,300 8,723 8,186 9,011 26,209 25,076 4.5

 Nonmetallic mineral products.................... 11,401 11,375 11,410 0.2 -0.3 0.8 11,232 9,879 10,131 10,863 31,242 30,209 3.4

 Primary metals....................................... 19,747 20,120 20,198 -1.9 -0.4 1.7 21,013 19,885 19,945 21,976 60,843 63,416 -4.1

 Iron and steel mills............................ 9,817 9,956 10,151 -1.4 -1.9 3.4 10,380 9,762 10,064 11,159 30,206 32,410 -6.8

 Aluminum and nonferrous metals.......... 8,518 8,730 8,575 -2.4 1.8 -1.1 9,112 8,721 8,492 9,194 26,325 26,561 -0.9

 Ferrous metal foundries....................... 1,412 1,434 1,472 -1.5 -2.6 6.5 1,521 1,402 1,389 1,623 4,312 4,445 -3.0

 Fabricated metal products....................... 33,205 33,651 33,687 -1.3 -0.1 0.5 34,257 32,311 31,656 34,327 98,224 97,630 0.6

 Machinery............................................. 32,022 32,108 32,712 -0.3 -1.8 0.6 34,972 31,130 29,455 35,767 95,557 97,408 -1.9

 Farm machinery................................. 2,302 2,322 2,477 -0.9 -6.3 1.1 2,919 2,677 2,218 3,366 7,814 8,725 -10.4

 Construction machinery..................... 2,691 2,711 2,920 -0.7 -7.2 11.0 2,868 2,704 2,577 3,185 8,149 8,863 -8.1

 Mining, oil field, and 

 gas field machinery.......................... 1,364 1,392 1,441 -2.0 -3.4 2.0 1,419 1,329 1,360 1,444 4,108 4,112 -0.1

 Industrial machinery.......................... 3,164 3,100 3,249 2.1 -4.6 3.5 3,586 2,680 2,668 2,969 8,934 7,363 21.3

 Photographic equipment...................... 567 552 554 2.7 -0.4 1.5 629 521 474 583 1,624 1,615 0.6

 Ventilation, heating, air-conditioning,

 and refrigeration equipment............ 3,999 3,970 3,809 0.7 4.2 -4.4 4,254 3,266 3,122 4,303 10,642 10,953 -2.8

 Metalworking machinery..................... 2,444 2,517 2,477 -2.9 1.6 -3.2 2,589 2,330 2,260 2,751 7,179 7,584 -5.3

 Turbines, generators, and other

 power transmission equipment....... 4,126 4,119 4,263 0.2 -3.4 0.2 4,218 4,241 4,023 4,474 12,482 12,998 -4.0

 Material handling equipment............... 2,737 2,772 2,828 -1.3 -2.0 0.1 2,923 2,699 2,667 3,044 8,289 8,461 -2.0

 Computers and electronic products2

.......... 27,853 27,913 27,817 -0.2 0.3 -0.1 29,935 25,317 24,768 29,349 80,020 78,735 1.6

 Computers........................................ 557 572 572 -2.6 0.0 3.8 551 433 474 664 1,458 1,706 -14.5

 Computer storage devices..................... 411 430 436 -4.4 -1.4 9.0 569 300 316 443 1,185 892 32.8

 Other peripheral equipment................ 825 828 838 -0.4 -1.2 2.8 901 666 720 806 2,287 2,086 9.6

 Nondefense communications

 equipment.................................... 3,691 3,607 3,620 2.3 -0.4 -1.4 4,379 2,974 2,862 4,024 10,215 9,636 6.0

 Defense communications equipment.... 281 271 260 3.7 4.2 -17.2 295 278 222 322 795 877 -9.4

 Audio and video equipment.................... 200 231 242 -13.4 -4.5 -10.0 172 198 177 272 547 794 -31.1

 Electronic components......................... 3,802 3,858 3,868 -1.5 -0.3 1.7 4,042 3,617 3,461 3,816 11,120 10,199 9.0

 Nondefense search and navigation

 equipment...................................... 1,453 1,496 1,556 -2.9 -3.9 0.5 1,725 1,430 1,336 1,803 4,491 4,674 -3.9

 Defense search and navigation

 equipment..................................... 2,881 2,876 2,881 0.2 -0.2 -0.5 3,120 2,778 2,349 3,065 8,247 7,955 3.7

 Electromedical, measuring,

 and control instruments................. 8,974 8,913 8,990 0.7 -0.9 0.9 9,948 8,101 7,656 10,098 25,705 26,282 -2.2

 Electrical equipment, appliances, 

 and components................................... 12,043 11,889 11,674 1.3 1.8 -1.1 12,730 11,098 10,420 12,082 34,248 32,949 3.9

 Electric lighting equipment..................... 1,079 1,068 1,075 1.0 -0.7 2.9 1,098 982 968 1,020 3,048 2,884 5.7

 Household appliances........................ 1,789 1,784 1,713 0.3 4.1 -5.8 1,880 1,621 1,414 1,796 4,915 4,840 1.5

 Electrical equipment............................ 3,224 3,127 3,073 3.1 1.8 0.9 3,622 2,954 2,690 3,377 9,266 8,959 3.4

 Batteries........................................... 936 920 877 1.7 4.9 -3.9 905 786 762 864 2,453 2,358 4.0

 Transportation equipment........................ 73,962 85,040 82,580 -13.0 3.0 -1.1 81,628 83,642 74,329 98,599 239,599 263,870 -9.2

 Automobiles..................................... 5,898 8,533 7,962 -30.9 7.2 6.0 6,429 8,595 7,645 9,945 22,669 27,285 -16.9

 Light trucks and utility vehicles.............. 13,820 20,245 19,309 -31.7 4.8 -6.9 15,480 20,417 17,095 23,748 52,992 64,435 -17.8

 Heavy duty trucks ............................. 2,357 2,694 2,781 -12.5 -3.1 3.2 2,563 2,561 2,536 3,383 7,660 9,018 -15.1

 Motor vehicle bodies, parts, 

 and trailers.................................... 26,727 28,642 28,905 -6.7 -0.9 2.1 28,609 29,178 27,619 30,092 85,406 84,571 1.0

 Nondefense aircraft and parts................ 10,407 9,201 7,819 13.1 17.7 -20.6 12,350 7,614 6,179 15,476 26,143 36,877 -29.1

 Defense aircraft and parts.................. 3,745 4,271 4,718 -12.3 -9.5 24.8 4,243 3,838 3,607 5,201 11,688 13,209 -11.5

 Ships and boats................................. 2,709 2,839 3,031 -4.6 -6.3 13.9 2,997 2,869 2,419 3,246 8,285 8,310 -0.3

 Furniture and related products.................. 6,844 6,901 6,988 -0.8 -1.2 2.1 6,849 6,812 6,557 6,804 20,218 19,454 3.9

 Miscellaneous durable goods................. 13,962 13,800 13,736 1.2 0.5 -0.1 14,674 13,095 12,722 14,128 40,491 39,456 2.6

 Nondurable goods industries..................... 233,230 247,595 250,930 -5.8 -1.3 -1.1 239,829 233,312 239,288 252,778 712,429 714,111 -0.2

 Food products....................................... 69,265 68,319 68,196 1.4 0.2 0.0 70,657 67,635 65,653 67,723 203,945 197,217 3.4

 Grain and oilseed milling....................... 7,314 7,224 7,191 1.2 0.5 0.8 7,582 7,212 7,107 7,568 21,901 22,304 -1.8

 Dairy products.................................. 9,763 9,618 9,662 1.5 -0.5 0.0 9,942 9,194 9,466 9,349 28,602 27,152 5.3

 Meat, poultry, and seafood products... 19,367 19,277 19,268 0.5 0.0 -0.5 19,507 18,935 18,171 19,495 56,613 56,507 0.2

 Beverage and tobacco products................ 12,220 11,890 12,418 2.8 -4.3 -0.5 12,301 11,111 11,421 11,890 34,833 34,842 0.0

 Beverages......................................... 8,792 8,690 8,825 1.2 -1.5 -1.3 8,873 7,911 7,828 8,602 24,612 23,961 2.7

 Tobacco............................................ 3,428 3,200 3,593 7.1 -10.9 1.4 3,428 3,200 3,593 3,288 10,221 10,881 -6.1

 Textile mills........................................... 2,398 2,393 2,400 0.2 -0.3 -0.3 2,500 2,377 2,233 2,587 7,110 7,284 -2.4

 Textile products................................... 2,113 2,151 2,128 -1.8 1.1 -3.4 2,155 2,152 1,924 2,383 6,231 6,712 -7.2

 Apparel................................................ 936 944 969 -0.8 -2.6 -0.4 862 905 909 874 2,676 2,665 0.4

 Leather and allied products...................... 386 405 409 -4.7 -1.0 -2.9 394 419 385 437 1,198 1,277 -6.2

 Paper products...................................... 16,322 16,127 16,318 1.2 -1.2 0.3 16,660 15,422 16,179 16,177 48,261 47,294 2.0

 Pulp, paper, and paperboard mills....... 6,535 6,387 6,594 2.3 -3.1 0.4 6,640 6,025 6,590 6,481 19,255 18,953 1.6

 Paperboard containers........................ 5,697 5,680 5,708 0.3 -0.5 -0.9 5,832 5,362 5,746 5,673 16,940 16,659 1.7

 Printing................................................. 6,947 7,003 7,112 -0.8 -1.5 0.6 6,959 6,469 6,926 6,651 20,354 19,209 6.0

 Petroleum and coal products.................. 35,627 51,115 53,219 -30.3 -4.0 -5.0 34,851 43,519 49,937 53,800 128,307 144,449 -11.2

 Petroleum refineries.......................... 31,072 46,521 48,506 -33.2 -4.1 -5.9 30,666 39,702 46,133 49,980 116,501 133,815 -12.9

 Chemical products..................................... 67,287 67,480 67,959 -0.3 -0.7 0.0 71,945 64,554 64,902 69,951 201,401 195,583 3.0

 Pesticides, fertilizers, and other

 agricultural chemicals....................... 2,444 2,500 2,606 -2.2 -4.1 -1.7 3,193 2,578 2,252 3,434 8,023 8,539 -6.0

 Pharmaceuticals and medicines............. 24,683 24,050 23,791 2.6 1.1 0.4 25,972 22,501 23,076 23,239 71,549 65,360 9.5

 Paints, coatings, and adhesives.......... 3,829 3,803 3,886 0.7 -2.1 -2.6 4,084 3,494 3,507 3,988 11,085 11,021 0.6

 Plastics and rubber products.................. 19,729 19,768 19,802 -0.2 -0.2 -0.2 20,545 18,749 18,819 20,305 58,113 57,579 0.9

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, March Full Report, May 4, 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

Mar. Feb. Jan. Feb. - Jan. - Dec. - Mar. Feb. Jan. Mar. 2020/

2020p 2020r 2020 Mar. Feb. Jan. 2020p 2020r 2020 2019 2020p 2019 2019

All manufacturing industries2........................ 445,827 496,798 497,488 -10.3 -0.1 -0.5 477,142 475,831 465,556 531,717 1,418,529 1,459,543 -2.8

 Excluding transportation2...................... 394,883 409,943 414,447 -3.7 -1.1 -0.4 412,350 390,467 392,704 425,575 1,195,521 1,195,515 0.0

 Excluding defense2.............................. 427,640 479,126 482,957 -10.7 -0.8 1.1 453,383 458,321 455,002 510,084 1,366,706 1,415,521 -3.4

 With unfilled orders2

............................. 149,065 176,285 175,002 -15.4 0.7 0.5 169,667 171,867 161,721 199,912 503,255 528,771 -4.8

 Durable goods industries2......................... 212,597 249,203 246,558 -14.7 1.1 0.1 237,313 242,519 226,268 278,939 706,100 745,432 -5.3

 Primary metals........................................ 19,323 19,870 20,314 -2.8 -2.2 2.8 20,765 20,587 20,332 22,425 61,684 64,957 -5.0

 Iron and steel mills.............................. 9,266 9,782 10,150 -5.3 -3.6 4.4 9,953 10,353 10,176 11,637 30,482 33,304 -8.5

 Aluminum and nonferrous metals.......... 8,673 8,759 8,720 -1.0 0.4 0.7 9,341 8,922 8,680 9,196 26,943 27,043 -0.4

 Ferrous metal foundries....................... 1,384 1,329 1,444 4.1 -8.0 5.3 1,471 1,312 1,476 1,592 4,259 4,610 -7.6

 Fabricated metal products........................ 32,830 33,044 33,679 -0.6 -1.9 0.5 34,514 32,625 32,795 34,704 99,934 100,434 -0.5

 Machinery............................................. 32,047 32,216 32,580 -0.5 -1.1 2.0 34,777 32,136 31,037 35,252 97,950 99,102 -1.2

 Construction machinery........................ 2,487 2,497 2,888 -0.4 -13.5 9.9 2,625 2,607 2,872 3,256 8,104 9,272 -12.6

 Mining, oil field, and

 gas field machinery.......................... 1,308 1,410 1,354 -7.2 4.1 3.2 1,363 1,347 1,273 1,308 3,983 4,027 -1.1

 Industrial machinery............................ 3,094 3,107 3,318 -0.4 -6.4 3.9 3,531 2,688 3,104 2,914 9,323 7,583 22.9

 Photographic equipment....................... 558 566 560 -1.4 1.1 8.9 580 520 473 547 1,573 1,391 13.1

 Ventilation, heating, air-conditioning,

 and refrigeration equipment............... 4,059 4,043 3,859 0.4 4.8 0.5 4,416 3,471 3,400 4,406 11,287 12,080 -6.6

 Metalworking machinery....................... 2,438 2,640 2,378 -7.7 11.0 -1.9 2,433 2,645 2,320 2,507 7,398 7,393 0.1

 Turbines, generators, and other 

 power transmission equipment........... 4,301 4,071 4,186 5.6 -2.7 7.6 4,393 4,193 3,946 4,535 12,532 12,916 -3.0

 Material handling equipment.................. 2,790 2,694 2,816 3.6 -4.3 -5.4 2,925 2,676 2,739 2,815 8,340 8,305 0.4

 Computers and electronic products2........... 23,775 23,767 23,670 0.0 0.4 -0.7 27,140 21,714 20,625 27,129 69,479 68,466 1.5

 Computers........................................ 525 567 569 -7.4 -0.4 3.1 519 428 471 666 1,418 1,740 -18.5

 Nondefense communications

 equipment...................................... 3,673 3,466 3,505 6.0 -1.1 -4.8 4,427 3,065 2,902 4,177 10,394 9,913 4.9

 Defense communications equipment....... 157 240 293 -34.6 -18.1 -31.2 237 251 234 382 722 867 -16.7

 Electronic components......................... 3,934 3,896 3,835 1.0 1.6 2.3 4,023 3,642 3,724 3,597 11,389 10,360 9.9

 Nondefense search and navigation

 equipment...................................... 1,545 1,607 1,570 -3.9 2.4 -10.0 1,723 1,534 1,481 1,888 4,738 4,980 -4.9

 Defense search and navigation

 equipment...................................... 2,860 2,873 2,822 -0.5 1.8 0.0 3,657 2,748 2,156 4,090 8,561 8,888 -3.7

 Electromedical, measuring,

 and control instruments..................... 9,036 9,059 9,006 -0.3 0.6 1.6 10,249 8,309 7,878 10,363 26,436 26,743 -1.1

 Electrical equipment, appliances, 

 and components................................... 12,085 11,991 11,744 0.8 2.1 -1.1 12,901 11,345 10,924 12,223 35,170 33,665 4.5

 Electric lighting equipment..................... 1,052 1,053 1,014 -0.1 3.8 -9.1 1,068 967 957 1,034 2,992 2,953 1.3

 Household appliances.......................... 1,803 1,815 1,735 -0.7 4.6 -6.1 1,931 1,494 1,492 1,812 4,917 4,715 4.3

 Electrical equipment............................ 3,245 3,134 3,108 3.5 0.8 2.1 3,664 3,019 2,894 3,444 9,577 9,392 2.0

 Transportation equipment........................ 50,944 86,855 83,041 -41.3 4.6 -1.0 64,792 85,364 72,852 106,142 223,008 264,028 -15.5

 Motor vehicle bodies, parts, 

 and trailers..................................... 26,698 28,611 29,048 -6.7 -1.5 1.7 28,664 30,033 27,920 30,070 86,617 85,707 1.1

 Nondefense aircraft and parts................ -16,384 8,351 8,720 -296.2 -4.2 356.8 -11,661 5,640 6,312 18,286 291 35,299 -99.2

 Defense aircraft and parts.................... 6,263 3,827 4,498 63.7 -14.9 -23.2 7,540 2,536 2,739 6,728 12,815 13,850 -7.5

 Ships and boats.................................. 1,772 5,100 2,260 -65.3 125.7 -69.9 3,018 7,718 2,016 6,658 12,752 11,409 11.8

 Furniture and related products................... 6,894 6,904 6,935 -0.1 -0.4 -2.4 7,226 7,049 6,649 7,058 20,924 20,033 4.4

 Nondurable goods industries..................... 233,230 247,595 250,930 -5.8 -1.3 -1.1 239,829 233,312 239,288 252,778 712,429 714,111 -0.2

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, March Full Report, May 4, 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 March

Mar. Feb. Jan. Feb. - Jan. - Dec. - Mar. Feb. Jan. Mar. 2020/

2020p 2020r 2020 Mar. Feb. Jan. 2020p 2020r 2020 2019 2019

All manufacturing industries2...................... 1,134,908 1,158,525 1,157,237 -2.0 0.1 0.0 1,145,791 1,161,498 1,156,902 1,189,294 -3.7

 Excluding transportation2

...................... 366,814 367,413 367,940 -0.2 -0.1 0.0 369,878 368,749 365,875 372,559 -0.7

 Excluding defense2............................. 920,614 947,726 949,019 -2.9 -0.1 0.1 927,562 950,739 948,811 987,536 -6.1

 Durable goods industries2........................ 1,134,908 1,158,525 1,157,237 -2.0 0.1 0.0 1,145,791 1,161,498 1,156,902 1,189,294 -3.7

 Primary metals........................................ 31,306 31,730 31,980 -1.3 -0.8 0.4 32,282 32,530 31,828 32,644 -1.1

 Iron and steel mills............................... 16,071 16,622 16,796 -3.3 -1.0 0.0 16,678 17,105 16,514 17,163 -2.8

 Aluminum and nonferrous metals............. 12,029 11,874 11,845 1.3 0.2 1.2 12,333 12,104 11,903 11,878 3.8

 Ferrous metal foundries........................ 3,206 3,234 3,339 -0.9 -3.1 -0.8 3,271 3,321 3,411 3,603 -9.2

 Fabricated metal products......................... 84,885 85,260 85,867 -0.4 -0.7 0.0 85,231 84,974 84,660 86,368 -1.3

 Machinery.............................................. 101,476 101,451 101,343 0.0 0.1 -0.1 102,136 102,331 101,325 105,494 -3.2

 Construction machinery......................... 3,782 3,986 4,200 -5.1 -5.1 -0.8 4,062 4,305 4,402 6,770 -40.0

 Mining, oil field, and

 gas field machinery.......................... 3,412 3,468 3,450 -1.6 0.5 -2.5 3,412 3,468 3,450 4,121 -17.2

 Industrial machinery............................. 7,835 7,905 7,898 -0.9 0.1 0.9 7,903 7,958 7,950 8,326 -5.1

 Photographic equipment........................ 1,189 1,198 1,184 -0.8 1.2 0.5 1,204 1,253 1,254 1,366 -11.9

 Ventilation, heating, air-conditioning,

 and refrigeration equipment................ 8,031 7,971 7,898 0.8 0.9 0.6 8,200 8,038 7,833 8,236 -0.4

 Metalworking machinery........................ 6,560 6,566 6,443 -0.1 1.9 -1.5 6,540 6,696 6,381 7,147 -8.5

 Turbines, generators, and other 

 power transmission equipment............ 28,246 28,071 28,119 0.6 -0.2 -0.3 28,246 28,071 28,119 28,671 -1.5

 Material handling equipment................... 13,390 13,337 13,415 0.4 -0.6 -0.1 13,424 13,422 13,445 12,913 4.0

 Computers and electronic products2............. 118,715 118,624 118,509 0.1 0.1 -0.1 119,577 118,802 118,436 119,205 0.3

 Computers......................................... 2,173 2,205 2,210 -1.5 -0.2 -0.1 2,173 2,205 2,210 2,229 -2.5

 Nondefense communications

 equipment...................................... 23,916 23,934 24,075 -0.1 -0.6 -0.5 24,145 24,097 24,006 25,035 -3.6

 Defense communications equipment........ 910 1,034 1,065 -12.0 -2.9 3.2 946 1,004 1,031 1,325 -28.6

 Electronic components.......................... 13,487 13,355 13,317 1.0 0.3 -0.2 13,578 13,597 13,572 12,957 4.8

 Nondefense search and navigation

 equipment....................................... 21,232 21,140 21,029 0.4 0.5 0.1 21,050 21,052 20,948 20,167 4.4

 Defense search and navigation

 equipment....................................... 28,959 28,980 28,983 -0.1 0.0 -0.2 29,329 28,792 28,822 28,999 1.1

 Electromedical, measuring,

 and control instruments...................... 28,038 27,976 27,830 0.2 0.5 0.1 28,356 28,055 27,847 28,493 -0.5

 Electrical equipment, appliances, 

 and components.................................... 20,768 20,726 20,624 0.2 0.5 0.3 20,935 20,764 20,517 19,671 6.4

 Electric lighting equipment..................... 1,857 1,884 1,899 -1.4 -0.8 -3.1 1,839 1,869 1,884 1,420 29.5

 Household appliances........................... 1,496 1,482 1,451 0.9 2.1 1.5 1,407 1,356 1,483 1,090 29.1

 Electrical equipment............................. 7,935 7,914 7,907 0.3 0.1 0.4 8,043 8,001 7,936 8,087 -0.5

 Transportation equipment......................... 768,094 791,112 789,297 -2.9 0.2 0.1 775,913 792,749 791,027 816,735 -5.0

 Motor vehicle bodies, parts, 

 and trailers...................................... 26,287 26,316 26,347 -0.1 -0.1 0.5 27,380 27,325 26,470 28,328 -3.3

 Nondefense aircraft and parts................ 538,916 565,707 566,557 -4.7 -0.2 0.2 542,054 566,065 568,039 596,610 -9.1

 Defense aircraft and parts..................... 87,611 85,093 85,537 3.0 -0.5 -0.3 88,327 85,030 86,332 82,830 6.6

 Ships and boats.................................. 33,267 34,204 31,943 -2.7 7.1 -2.4 35,424 35,403 30,554 32,603 8.7

 Furniture and related products................... 9,088 9,038 9,035 0.6 0.0 -0.6 9,141 8,764 8,527 8,648 5.7

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, March Full Report, May 4, 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 March

Mar. Feb. Jan. Feb. - Jan. - Dec. - Mar. Feb. Jan. Mar. 2020/

2020p 2020r 2020 Mar. Feb. Jan. 2020p 2020r 2020 2019 2019

 All manufacturing industries...................... 693,481 699,301 702,008 -0.8 -0.4 -0.3 692,274 702,226 699,980 690,232 0.3

 Excluding transportation........................ 540,829 547,582 550,963 -1.2 -0.6 -0.4 540,795 549,721 549,087 556,268 -2.8

 Excluding defense............................. 665,227 670,732 673,415 -0.8 -0.4 -0.3 663,980 673,733 671,555 662,634 0.2

 With unfilled orders............................. 359,022 356,416 355,981 0.7 0.1 -0.1 357,575 357,293 354,770 341,789 4.6

 Durable goods industries........................ 437,402 434,649 434,608 0.6 0.0 -0.2 436,084 436,916 433,833 419,903 3.9

 Wood products........................................ 11,983 11,981 11,948 0.0 0.3 -1.0 12,272 12,399 12,318 12,572 -2.4

 Nonmetallic mineral products..................... 15,008 14,879 15,011 0.9 -0.9 -0.3 15,292 15,141 15,022 15,261 0.2

 Primary metals......................................... 35,561 35,093 34,904 1.3 0.5 -0.7 35,400 35,130 34,940 36,212 -2.2

 Iron and steel mills............................... 19,026 18,782 18,632 1.3 0.8 -1.9 18,879 18,855 18,749 20,413 -7.5

 Aluminum and nonferrous metals............ 14,359 14,168 14,137 1.3 0.2 1.0 14,326 14,070 14,057 13,647 5.0

 Ferrous metal foundries........................ 2,176 2,143 2,135 1.5 0.4 -0.8 2,195 2,205 2,134 2,152 2.0

 Fabricated metal products......................... 54,042 53,834 54,050 0.4 -0.4 0.7 54,092 53,994 54,060 55,001 -1.7

 Machinery.............................................. 71,446 70,849 70,934 0.8 -0.1 -0.7 71,577 71,116 70,350 71,735 -0.2

 Farm machinery.................................. 4,058 3,935 3,983 3.1 -1.2 -1.3 4,263 4,187 4,112 4,176 2.1

 Construction machinery......................... 5,640 5,599 5,593 0.7 0.1 0.1 5,717 5,636 5,548 5,925 -3.5

 Mining, oil field, 

 and gas field machinery.................... 4,897 5,027 5,112 -2.6 -1.7 0.2 4,892 5,071 5,109 5,572 -12.2

 Industrial machinery............................. 8,928 8,686 8,638 2.8 0.6 -2.0 9,151 8,703 8,375 8,532 7.3

 Photographic equipment....................... 1,800 1,778 1,773 1.2 0.3 -0.3 1,730 1,799 1,783 1,697 1.9

 Ventilation, heating, air-conditioning,

 and refrigeration equipment............... 5,546 5,555 5,496 -0.2 1.1 0.7 5,686 5,652 5,329 5,673 0.2

 Metalworking machinery........................ 6,030 5,902 5,999 2.2 -1.6 -1.8 5,930 5,843 5,894 6,032 -1.7

 Turbines, generators, and other

 power transmission equipment............ 9,494 9,426 9,382 0.7 0.5 -0.3 9,350 9,432 9,280 9,560 -2.2

 Material handling equipment.................. 5,787 5,777 5,815 0.2 -0.7 -2.5 5,686 5,594 5,657 5,830 -2.5

 Computers and electronic products2

............ 43,522 43,338 43,677 0.4 -0.8 -0.5 43,060 43,606 43,334 42,885 0.4

 Computers......................................... 1,517 1,480 1,489 2.5 -0.6 -4.9 1,488 1,514 1,468 1,537 -3.2

 Computer storage devices.................... 1,063 1,066 1,120 -0.3 -4.8 -4.0 971 1,116 1,093 1,064 -8.7

 Other peripheral equipment................... 1,144 1,164 1,164 -1.7 0.0 -4.0 1,116 1,188 1,171 1,128 -1.1

 Nondefense communications

 equipment...................................... 4,889 4,772 4,752 2.5 0.4 -0.6 4,832 4,787 4,653 4,758 1.6

 Defense communications equipment........ 703 704 702 -0.1 0.3 -1.3 703 704 702 703 0.0

 Audio and video equipment.................... 549 570 583 -3.7 -2.2 -1.5 515 556 578 633 -18.6

 Electronic components.......................... 7,569 7,552 7,612 0.2 -0.8 0.3 7,580 7,637 7,678 7,209 5.1

 Nondefense search and navigation

 equipment...................................... 2,797 2,803 2,806 -0.2 -0.1 0.2 2,767 2,796 2,812 2,625 5.4

 Defense search and navigation

 equipment....................................... 2,521 2,534 2,534 -0.5 0.0 0.2 2,532 2,558 2,520 2,570 -1.5

 Electromedical, measuring 

 and control instruments...................... 15,773 15,649 15,735 0.8 -0.5 -0.3 15,644 15,595 15,513 15,422 1.4

 Electrical equipment, appliances, 

 and components.................................... 20,312 20,250 20,323 0.3 -0.4 -0.1 20,439 20,407 20,267 20,388 0.3

 Electric lighting equipment..................... 2,252 2,257 2,254 -0.2 0.1 -1.6 2,218 2,261 2,281 2,250 -1.4

 Household appliances........................... 2,745 2,771 2,817 -0.9 -1.6 -1.0 2,768 2,822 2,761 2,932 -5.6

 Electrical equipment............................. 5,673 5,710 5,769 -0.6 -1.0 -0.4 5,740 5,835 5,845 5,777 -0.6

 Batteries............................................ 1,875 1,851 1,824 1.3 1.5 0.9 1,876 1,781 1,714 2,004 -6.4

 Transportation equipment......................... 152,652 151,719 151,045 0.6 0.4 0.1 151,479 152,505 150,893 133,964 13.1

 Automobiles....................................... 4,746 4,742 4,882 0.1 -2.9 1.5 4,755 4,815 4,890 4,292 10.8

 Light trucks and utility vehicles.............. 4,961 5,113 5,028 -3.0 1.7 -2.3 4,745 5,314 5,054 4,638 2.3

 Heavy duty trucks ............................... 2,171 2,240 2,267 -3.1 -1.2 1.5 2,161 2,305 2,287 2,220 -2.7

 Motor vehicle bodies, parts, 

 and trailers...................................... 26,998 26,807 26,682 0.7 0.5 0.1 27,051 26,988 26,950 26,513 2.0

 Nondefense aircraft and parts................ 83,773 82,499 81,940 1.5 0.7 -0.2 82,832 82,843 81,658 67,815 22.1

 Defense aircraft and parts..................... 13,579 13,644 13,585 -0.5 0.4 0.8 13,514 13,647 13,554 13,140 2.8

 Ships and boats.................................. 3,221 3,193 3,242 0.9 -1.5 1.5 3,304 3,102 3,132 3,356 -1.5

 Furniture and related products.................... 7,968 7,951 7,977 0.2 -0.3 -0.1 7,823 7,888 7,999 7,896 -0.9

 Miscellaneous durable goods..................... 24,908 24,755 24,739 0.6 0.1 0.2 24,650 24,730 24,650 23,989 2.8

 Nondurable goods industries...................... 256,079 264,652 267,400 -3.2 -1.0 -0.5 256,190 265,310 266,147 270,329 -5.2

 Food products........................................ 54,198 54,429 54,391 -0.4 0.1 -0.5 53,158 54,278 54,050 53,129 0.1

 Grain and oilseed milling........................ 5,404 5,419 5,441 -0.3 -0.4 1.0 5,400 5,618 5,628 5,230 3.3

 Dairy products.................................... 8,040 8,090 8,064 -0.6 0.3 0.3 8,070 8,031 7,835 7,752 4.1

 Meat, poultry, and seafood products....... 9,610 9,657 9,684 -0.5 -0.3 -1.6 9,501 9,640 9,523 9,250 2.7

 Beverage and tobacco products................ 25,139 25,060 25,076 0.3 -0.1 0.5 25,476 25,495 25,386 25,205 1.1

 Beverages......................................... 20,760 20,712 20,699 0.2 0.1 0.5 20,984 20,972 20,778 20,526 2.2

 Tobacco............................................ 4,379 4,348 4,377 0.7 -0.7 0.9 4,492 4,523 4,608 4,679 -4.0

 Textile mills............................................ 3,259 3,267 3,280 -0.2 -0.4 -0.6 3,251 3,282 3,303 3,418 -4.9

 Textile products...................................... 3,400 3,389 3,403 0.3 -0.4 -1.0 3,414 3,414 3,430 3,579 -4.6

 Apparel................................................. 1,863 1,867 1,879 -0.2 -0.6 -0.8 1,818 1,851 1,863 1,908 -4.7

 Leather and allied products....................... 781 777 774 0.5 0.4 -0.3 762 763 783 767 -0.7

 Paper products....................................... 15,873 15,919 16,188 -0.3 -1.7 -0.4 15,966 16,120 16,303 16,515 -3.3

 Pulp, paper, and paperboard mills........... 6,620 6,602 6,779 0.3 -2.6 0.2 6,716 6,700 6,809 6,953 -3.4

 Paperboard containers......................... 4,975 4,958 5,052 0.3 -1.9 -0.1 4,985 5,021 5,110 5,079 -1.9

 Printing.................................................. 5,611 5,559 5,537 0.9 0.4 0.3 5,618 5,523 5,455 5,587 0.6

 Petroleum and coal products..................... 30,775 38,318 40,406 -19.7 -5.2 -0.6 30,430 37,646 38,921 40,970 -25.7

 Petroleum refineries............................. 25,091 32,717 34,821 -23.3 -6.0 -0.7 24,746 31,965 33,279 35,038 -29.4

 Chemical products..................................... 88,755 89,506 89,774 -0.8 -0.3 -0.7 89,532 89,990 89,972 91,664 -2.3

 Pesticides, fertilizers, and other

 agricultural chemicals........................ 4,930 4,891 4,876 0.8 0.3 -1.6 5,346 5,337 5,274 5,376 -0.6

 Pharmaceuticals and medicines.............. 36,514 36,556 36,900 -0.1 -0.9 -1.2 36,674 36,385 36,766 37,302 -1.7

 Paints, coatings, and adhesives.............. 3,820 3,827 3,823 -0.2 0.1 0.1 3,931 3,913 3,846 4,060 -3.2

 Plastics and rubber products..................... 26,425 26,561 26,692 -0.5 -0.5 -0.3 26,765 26,948 26,681 27,587 -3.0

p Preliminary 

r Revised data due to late receipts and concurrent seasonal adjustment. 1 Estimates of shipments and new orders are for the duration of the period, while estimates of unfilled orders and total inventories are for the end of the period. Not seasonally adjusted estimates of shipments and new orders include adjusted data for 

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

Estimates are not adjusted for price changes. 

2

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

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

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

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, March Full Report, May 4, 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

Mar. Feb. Jan. Feb. - Jan. - Dec. - Mar. Feb. Jan. Mar. 2020/

2020p 2020r 2020 Mar. Feb. Jan. 2020p 2020r 2020 2019 2020p 2019 2019

SHIPMENTS

 All manufacturing industries......................... 473,613 499,771 501,166 -5.2 -0.3 -0.6 496,419 475,204 467,457 525,684 1,439,080 1,462,314 -1.6

 Construction materials and supplies....... 52,142 52,437 52,642 -0.6 -0.4 0.5 52,257 47,504 46,915 51,399 146,676 143,766 2.0

 Information technology......................... 25,464 25,336 25,439 0.5 -0.4 0.1 28,177 23,007 21,738 27,550 72,922 71,628 1.8

 Computers and related products........... 1,793 1,830 1,846 -2.0 -0.9 4.5 2,021 1,399 1,510 1,913 4,930 4,684 5.3

 Motor vehicle and parts......................... 48,802 60,114 58,957 -18.8 2.0 -0.5 53,081 60,751 54,895 67,168 168,727 185,309 -8.9

 Capital goods...................................... 88,434 87,320 86,624 1.3 0.8 -0.5 97,392 81,991 75,635 99,426 255,018 261,462 -2.5

 Nondefense capital goods3

.................. 75,587 74,209 73,330 1.9 1.2 -1.7 83,225 68,941 64,546 85,264 216,712 224,672 -3.5

 Excluding aircraft............................. 68,659 68,794 69,440 -0.2 -0.9 1.1 74,890 64,936 62,176 74,693 202,002 201,189 0.4

 Defense capital goods4

........................ 12,847 13,111 13,294 -2.0 -1.4 6.5 14,167 13,050 11,089 14,162 38,306 36,790 4.1

 Consumer goods.................................. 186,649 209,392 210,178 -10.9 -0.4 -1.8 192,004 199,289 199,242 216,803 590,535 609,593 -3.1

 Consumer durable goods..................... 33,273 42,542 41,028 -21.8 3.7 -2.4 36,065 42,741 37,147 47,889 115,953 131,526 -11.8

 Consumer nondurable goods................ 153,376 166,850 169,150 -8.1 -1.4 -1.7 155,939 156,548 162,095 168,914 474,582 478,067 -0.7

 All manufacturing industries5

...................... 445,827 496,798 497,488 -10.3 -0.1 -0.5 477,142 475,831 465,556 531,717 1,418,529 1,459,543 -2.8

 Construction materials and supplies....... 51,698 51,778 52,613 -0.2 -1.6 0.6 52,463 47,466 47,765 51,890 147,694 146,108 1.1

 Information technology......................... 25,448 25,506 25,405 -0.2 0.4 -0.6 29,030 23,671 22,193 29,148 74,894 73,744 1.6

 Computers and related products........... 1,761 1,825 1,843 -3.5 -1.0 4.3 1,989 1,394 1,507 1,915 4,890 4,718 3.6

 Motor vehicle and parts......................... 48,773 60,083 59,100 -18.8 1.7 -0.7 53,136 61,606 55,196 67,146 169,938 186,445 -8.9

 Capital goods...................................... 64,963 88,941 84,840 -27.0 4.8 1.7 81,273 84,645 73,962 107,870 239,880 265,585 -9.7

 Nondefense capital goods3

.................. 48,608 73,251 72,744 -33.6 0.7 12.8 59,677 68,390 64,943 89,122 193,010 226,629 -14.8

 Excluding aircraft............................. 68,823 68,868 69,346 -0.1 -0.7 1.0 75,509 66,685 64,568 75,614 206,762 204,805 1.0

 Defense capital goods4

........................ 16,355 15,690 12,096 4.2 29.7 -36.0 21,596 16,255 9,019 18,748 46,870 38,956 20.3

 Consumer goods.................................. 186,681 209,410 210,151 -10.9 -0.4 -1.9 192,095 199,283 199,409 216,806 590,787 609,677 -3.1

 Consumer durable goods..................... 33,305 42,560 41,001 -21.7 3.8 -2.6 36,156 42,735 37,314 47,892 116,205 131,610 -11.7

 Consumer nondurable goods.............. 153,376 166,850 169,150 -8.1 -1.4 -1.7 155,939 156,548 162,095 168,914 474,582 478,067 -0.7

 All manufacturing industries5

...................... 1,134,908 1,158,525 1,157,237 -2.0 0.1 0.0 1,145,791 1,161,498 1,156,902 1,189,294 (X) (X) -3.7

 Construction materials and supplies....... 58,235 58,679 59,338 -0.8 -1.1 0.0 58,398 58,192 58,230 60,147 (X) (X) -2.9

 Information technology......................... 115,897 115,913 115,743 0.0 0.1 0.0 116,849 115,996 115,332 116,688 (X) (X) 0.1

 Computers and related products........... 2,173 2,205 2,210 -1.5 -0.2 -0.1 2,173 2,205 2,210 2,229 (X) (X) -2.5

 Motor vehicle and parts......................... 26,287 26,316 26,347 -0.1 -0.1 0.5 27,380 27,325 26,470 28,328 (X) (X) -3.3

 Capital goods...................................... 812,820 836,291 834,670 -2.8 0.2 -0.2 820,376 836,495 833,841 871,320 (X) (X) -5.8

 Nondefense capital goods3

.................. 643,261 670,240 671,198 -4.0 -0.1 -0.1 646,562 670,110 670,661 711,377 (X) (X) -9.1

 Excluding aircraft............................. 218,125 217,961 217,887 0.1 0.0 0.0 219,434 218,815 217,066 222,961 (X) (X) -1.6

 Defense capital goods4

........................ 169,559 166,051 163,472 2.1 1.6 -0.7 173,814 166,385 163,180 159,943 (X) (X) 8.7

 Consumer goods.................................. 5,148 5,116 5,098 0.6 0.4 -0.5 5,220 5,129 5,135 4,570 (X) (X) 14.2

 Consumer durable goods..................... 5,148 5,116 5,098 0.6 0.4 -0.5 5,220 5,129 5,135 4,570 (X) (X) 14.2

 All manufacturing industries....................... 693,481 699,301 702,008 -0.8 -0.4 -0.3 692,274 702,226 699,980 690,232 (X) (X) 0.3

 Construction materials and supplies....... 72,806 72,564 72,808 0.3 -0.3 0.3 73,572 73,564 73,135 75,058 (X) (X) -2.0

 Information technology......................... 40,769 40,431 40,558 0.8 -0.3 -0.5 40,369 40,576 40,199 39,793 (X) (X) 1.4

 Computers and related products........... 3,724 3,710 3,773 0.4 -1.7 -4.3 3,575 3,818 3,732 3,729 (X) (X) -4.1

 Motor vehicle and parts......................... 38,876 38,902 38,859 -0.1 0.1 0.0 38,712 39,422 39,181 37,663 (X) (X) 2.8

 Capital goods...................................... 224,111 222,397 222,196 0.8 0.1 -0.2 222,840 222,693 220,628 207,351 (X) (X) 7.5

 Nondefense capital goods3

.................. 200,350 198,323 198,093 1.0 0.1 -0.4 198,974 198,698 196,662 184,067 (X) (X) 8.1

 Excluding aircraft............................. 129,956 128,944 129,274 0.8 -0.3 -0.5 129,493 129,186 128,115 128,394 (X) (X) 0.9

 Defense capital goods4

........................ 23,761 24,074 24,103 -1.3 -0.1 0.8 23,866 23,995 23,966 23,284 (X) (X) 2.5

 Consumer goods.................................. 192,375 200,341 203,104 -4.0 -1.4 -0.5 190,925 200,237 201,799 202,159 (X) (X) -5.6

 Consumer durable goods..................... 31,575 31,694 31,823 -0.4 -0.4 -0.4 31,083 32,125 32,123 30,831 (X) (X) 0.8

 Consumer nondurable goods................ 160,800 168,647 171,281 -4.7 -1.5 -0.6 159,842 168,112 169,676 171,328 (X) (X) -6.7

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, March Full Report, May 4, 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 March

Mar. Feb. Jan. Feb. - Jan. - Dec. - Mar. Feb. Jan. Mar. 2020/

2020p 2020r 2020 Mar. Feb. Jan. 2020p 2020r 2020 2019 2019

MATERIALS AND SUPPLIES

 All manufacturing industries....................... 236,801 237,518 237,087 -0.3 0.2 0.0 236,301 237,196 237,667 237,764 -0.6

 Durable goods industries.......................... 146,661 145,690 144,893 0.7 0.6 -0.2 145,812 145,281 145,421 145,169 0.4

 Wood products................................... 5,227 5,170 5,119 1.1 1.0 -0.5 5,203 5,313 5,375 5,158 0.9

 Nonmetallic mineral products................. 6,277 6,141 6,157 2.2 -0.3 0.6 6,299 6,154 6,148 6,192 1.7

 Primary metals.................................... 12,458 12,444 12,212 0.1 1.9 -2.6 12,136 12,373 12,312 12,827 -5.4

 Fabricated metal products.......................... 19,748 19,790 19,755 -0.2 0.2 1.0 19,549 19,647 19,684 20,503 -4.7

 Machinery.......................................... 28,432 28,375 28,628 0.2 -0.9 -0.6 28,445 28,217 28,623 29,247 -2.7

 Computers and electronic products........ 19,756 19,643 19,472 0.6 0.9 -0.9 19,522 19,577 19,400 18,642 4.7

 Electrical equipment, appliances,

 and components............................... 8,719 8,635 8,609 1.0 0.3 1.1 8,771 8,620 8,604 8,548 2.6

 Transportation equipment..................... 34,133 33,671 33,127 1.4 1.6 0.5 34,142 33,657 33,382 32,297 5.7

 Furniture and related products............... 3,715 3,715 3,692 0.0 0.6 -1.3 3,670 3,707 3,758 3,885 -5.5

 Miscellaneous products......................... 8,196 8,106 8,122 1.1 -0.2 -0.2 8,075 8,016 8,135 7,870 2.6

 Nondurable goods industries...................... 90,140 91,828 92,194 -1.8 -0.4 0.3 90,489 91,915 92,246 92,595 -2.3

 Food products.................................... 18,594 18,564 18,377 0.2 1.0 -0.8 18,361 18,425 18,355 17,731 3.6

 Beverage and tobacco products........................ 5,994 5,934 5,946 1.0 -0.2 0.9 6,113 6,116 6,172 6,032 1.3

 Textiles.............................................. 1,115 1,109 1,110 0.5 -0.1 -0.9 1,113 1,109 1,114 1,180 -5.7

 Textile products................................... 1,320 1,321 1,328 -0.1 -0.5 0.6 1,327 1,323 1,328 1,372 -3.3

 Apparel............................................. 432 435 440 -0.7 -1.1 -0.7 431 438 444 500 -13.8

 Leather and allied products.................... 271 269 271 0.7 -0.7 3.4 263 264 270 271 -3.0

 Paper products.................................... 7,922 7,915 8,043 0.1 -1.6 -0.6 7,962 8,000 8,117 8,281 -3.9

 Printing ............................................. 2,775 2,742 2,750 1.2 -0.3 0.1 2,759 2,718 2,725 2,794 -1.3

 Petroleum and coal products................. 9,106 11,105 11,350 -18.0 -2.2 5.1 9,366 10,886 10,858 11,447 -18.2

 Chemical products................................ 31,258 31,168 31,321 0.3 -0.5 -0.5 31,393 31,316 31,496 31,558 -0.5

 Plastics and rubber products.................. 11,353 11,266 11,258 0.8 0.1 0.0 11,401 11,320 11,367 11,429 -0.2

WORK IN PROCESS

 All manufacturing industries....................... 217,970 219,441 221,019 -0.7 -0.7 -0.3 217,529 220,634 219,703 211,534 2.8

 Durable goods industries.......................... 170,878 169,040 169,060 1.1 0.0 0.1 170,352 169,953 167,967 155,303 9.7

 Wood products................................... 2,120 2,144 2,149 -1.1 -0.2 -2.3 2,183 2,194 2,163 2,282 -4.3

 Nonmetallic mineral products................. 1,518 1,542 1,564 -1.6 -1.4 -2.3 1,575 1,599 1,576 1,631 -3.4

 Primary metals.................................... 10,144 10,024 9,901 1.2 1.2 0.6 10,063 9,931 9,765 10,579 -4.9

 Fabricated metal products.......................... 13,956 13,919 14,023 0.3 -0.7 0.2 13,937 13,961 13,964 14,153 -1.5

 Machinery.......................................... 19,345 18,708 18,523 3.4 1.0 -0.6 19,214 18,843 18,139 18,269 5.2

 Computers and electronic products........ 12,467 12,493 12,619 -0.2 -1.0 1.2 12,611 12,692 12,420 12,580 0.2

 Electrical equipment, appliances,

 and components............................... 4,354 4,308 4,294 1.1 0.3 -1.4 4,373 4,347 4,270 4,311 1.4

 Transportation equipment..................... 101,651 100,607 100,668 1.0 -0.1 0.3 101,111 101,052 100,385 86,253 17.2

 Furniture and related products............... 1,351 1,356 1,383 -0.4 -2.0 -1.0 1,352 1,364 1,384 1,358 -0.4

 Miscellaneous products......................... 3,972 3,939 3,936 0.8 0.1 -0.2 3,933 3,970 3,901 3,887 1.2

 Nondurable goods industries...................... 47,092 50,401 51,959 -6.6 -3.0 -1.7 47,177 50,681 51,736 56,231 -16.1

 Food products.................................... 5,132 5,055 4,959 1.5 1.9 1.6 5,165 5,228 5,255 5,950 -13.2

 Beverage and tobacco products........................ 9,682 9,656 9,669 0.3 -0.1 0.7 9,881 9,910 9,915 9,849 0.3

 Textiles.............................................. 702 704 703 -0.3 0.1 -0.3 702 707 698 732 -4.1

 Textile products................................... 399 399 394 0.0 1.3 -4.8 400 401 396 434 -7.8

 Apparel............................................. 334 329 340 1.5 -3.2 -1.7 326 330 331 342 -4.7

 Leather and allied products.................... 74 73 72 1.4 1.4 -7.7 73 72 73 72 1.4

 Paper products.................................... 1,303 1,303 1,325 0.0 -1.7 -0.4 1,301 1,295 1,318 1,361 -4.4

 Printing ............................................. 1,284 1,259 1,230 2.0 2.4 0.1 1,313 1,256 1,197 1,229 6.8

 Petroleum and coal products................. 7,673 10,343 11,744 -25.8 -11.9 -5.0 7,471 10,271 11,053 13,105 -43.0

 Chemical products................................ 17,629 18,223 18,434 -3.3 -1.1 -2.0 17,628 18,108 18,410 19,931 -11.6

 Plastics and rubber products.................. 2,880 3,057 3,089 -5.8 -1.0 0.0 2,917 3,103 3,090 3,226 -9.6

FINISHED GOODS

 All manufacturing industries....................... 238,710 242,342 243,902 -1.5 -0.6 -0.5 238,444 244,396 242,610 240,934 -1.0

 Durable goods industries.......................... 119,863 119,919 120,655 0.0 -0.6 -0.5 119,920 121,682 120,445 119,431 0.4

 Wood products................................... 4,636 4,667 4,680 -0.7 -0.3 -1.1 4,886 4,892 4,780 5,132 -4.8

 Nonmetallic mineral products................. 7,213 7,196 7,290 0.2 -1.3 -0.6 7,418 7,388 7,298 7,438 -0.3

 Primary metals.................................... 12,959 12,625 12,791 2.6 -1.3 0.3 13,201 12,826 12,863 12,806 3.1

 Fabricated metal products.......................... 20,338 20,125 20,272 1.1 -0.7 0.8 20,606 20,386 20,412 20,345 1.3

 Machinery.......................................... 23,669 23,766 23,783 -0.4 -0.1 -1.0 23,918 24,056 23,588 24,219 -1.2

 Computers and electronic products........ 11,299 11,202 11,586 0.9 -3.3 -1.6 10,927 11,337 11,514 11,663 -6.3

 Electrical equipment, appliances,

 and components............................... 7,239 7,307 7,420 -0.9 -1.5 -0.7 7,295 7,440 7,393 7,529 -3.1

 Transportation equipment..................... 16,868 17,441 17,250 -3.3 1.1 -1.9 16,226 17,796 17,126 15,414 5.3

 Furniture and related products............... 2,902 2,880 2,902 0.8 -0.8 1.8 2,801 2,817 2,857 2,653 5.6

 Miscellaneous products......................... 12,740 12,710 12,681 0.2 0.2 0.5 12,642 12,744 12,614 12,232 3.4

 Nondurable goods industries...................... 118,847 122,423 123,247 -2.9 -0.7 -0.5 118,524 122,714 122,165 121,503 -2.5

 Food products.................................... 30,472 30,810 31,055 -1.1 -0.8 -0.6 29,632 30,625 30,440 29,448 0.6

 Beverage and tobacco products........................ 9,463 9,470 9,461 -0.1 0.1 0.1 9,482 9,469 9,299 9,324 1.7

 Textiles.............................................. 1,442 1,454 1,467 -0.8 -0.9 -0.5 1,436 1,466 1,491 1,506 -4.6

 Textile products................................... 1,681 1,669 1,681 0.7 -0.7 -1.3 1,687 1,690 1,706 1,773 -4.9

 Apparel............................................. 1,097 1,103 1,099 -0.5 0.4 -0.5 1,061 1,083 1,088 1,066 -0.5

 Leather and allied products.................... 436 435 431 0.2 0.9 -1.1 426 427 440 424 0.5

 Paper products.................................... 6,648 6,701 6,820 -0.8 -1.7 0.0 6,703 6,825 6,868 6,873 -2.5

 Printing ............................................. 1,552 1,558 1,557 -0.4 0.1 0.7 1,546 1,549 1,533 1,564 -1.2

 Petroleum and coal products................. 13,996 16,870 17,312 -17.0 -2.6 -1.1 13,593 16,489 17,010 16,418 -17.2

 Chemical products................................ 39,868 40,115 40,019 -0.6 0.2 -0.3 40,511 40,566 40,066 40,175 0.8

 Plastics and rubber products.................. 12,192 12,238 12,345 -0.4 -0.9 -0.6 12,447 12,525 12,224 12,932 -3.8

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/>. 

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, March Full Report, May 4, 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 Mar Feb Jan Dec Mar Feb Jan Dec

2020p 2020r 2020 2019 2020p 2020r 2020 2019

All manufacturing industries3.................................... 1.46 1.40 1.40 1.40 (X) (X) (X) (X)

Durable goods industries3

........................................ 1.82 1.72 1.74 1.74 6.57 6.62 6.62 6.65

 Wood products........................................................... 1.28 1.28 1.27 1.29 (X) (X) (X) (X)

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

 Primary metals............................................................ 1.80 1.74 1.73 1.77 1.59 1.58 1.58 1.60

 Fabricated metal products...................................... 1.63 1.60 1.60 1.60 2.62 2.60 2.61 2.63

 Machinery..................................................................... 2.23 2.21 2.17 2.20 3.50 3.50 3.44 3.46

 Computers and electronic products3

................... 1.56 1.55 1.57 1.58 5.49 5.49 5.45 5.47

 Electrical equipment, appliances,

 and components.................................................... 1.69 1.70 1.74 1.72 1.87 1.89 1.91 1.89

 Transportation equipment..................................... 2.06 1.78 1.83 1.81 14.80 14.77 15.03 15.01

 Furniture and related products............................ 1.16 1.15 1.14 1.17 1.46 1.45 1.43 1.47

 Miscellaneous products.......................................... 1.78 1.79 1.80 1.80 (X) (X) (X) (X)

Nondurable goods industries................................... 1.10 1.07 1.07 1.06 (X) (X) (X) (X)

 Food products............................................................. 0.78 0.80 0.80 0.80 (X) (X) (X) (X)

 Beverage and tobacco products........................... 2.06 2.11 2.02 2.00 (X) (X) (X) (X)

 Textiles.......................................................................... 1.36 1.37 1.37 1.37 (X) (X) (X) (X)

 Textile products......................................................... 1.61 1.58 1.60 1.56 (X) (X) (X) (X)

 Apparel........................................................................ 1.99 1.98 1.94 1.95 (X) (X) (X) (X)

 Leather and allied products................................ 2.02 1.92 1.89 1.84 (X) (X) (X) (X)

 Paper products.......................................................... 0.97 0.99 0.99 1.00 (X) (X) (X) (X)

 Printing........................................................................ 0.81 0.79 0.78 0.78 (X) (X) (X) (X)

 Petroleum and coal products............................... 0.86 0.75 0.76 0.73 (X) (X) (X) (X)

 Chemical products................................................... 1.32 1.33 1.32 1.33 (X) (X) (X) (X)

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

Mar3 Mar3 Mar3 Mar3

Industry 2019- 2019- 2019- 2019-

Mar2 Feb Mar2 Feb Mar2 Feb Mar2 Feb

2020 2020 2020 2020 2020 2020 2020 2020

 

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

Durable goods industries....................... -0.2 0.2 -0.3 0.4 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 0.5 -0.3 0.8 0.0 0.2 0.0 0.3

 Fabricated metal products.................... -0.2 0.4 -0.1 0.5 0.0 0.2 0.1 0.2

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

 Computers and electronic products..... 0.2 0.3 0.1 0.5 0.0 0.1 0.0 0.1

 Electrical equipment, appliances,

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

 Transportation equipment.................... -0.2 0.4 -0.3 1.0 0.0 0.1 0.0 0.1

 Furniture and related products............. (X) 0.3 (X) 0.5 (X) 0.6 (X) 0.2

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

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) 0.3 (X) (NA) (X) (NA) (X) 0.2

 Textiles.......................................................... (X) 0.4 (X) (NA) (X) (NA) (X) 0.2

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

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

 Leather and allied products.................. (X) 0.9 (X) (NA) (X) (NA) (X) 0.2

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

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

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

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

 Plastics and rubber products................ (X) 0.3 (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, March Full Report, May 4, 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, March Full Report, May 4, 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