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FOR RELEASE AT 10:00 AM EST, WEDNESDAY, FEBRUARY 27, 2019

MONTHLY FULL REPORT ON MANUFACTURERS’ SHIPMENTS, INVENTORIES AND ORDERS

DECEMBER 2018

Release Number: CB 19‐13  M3‐2 (18)‐12

Data collection and processing were delayed for this indicator release due to the lapse in federal funding

from December 22, 2018 through January 25, 2019. Processing and data quality were monitored

throughout, and response and coverage rates were at or above normal levels for this release.

February 27, 2019 — The U.S. Census Bureau announces the December full report on manufacturers’

shipments, inventories and orders:

MANUFACTURED GOODS – NEW ORDERS

DECEMBER 2018 $499.9 billion      +0.1%°

NOVEMBER 2018  

(revised) $499.6 billion             ‐0.5%°

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, February

27, 2019.

Summary

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

increased $0.3 billion or 0.1 percent to $499.9 billion, the U.S. Census Bureau reported today.  This

followed a 0.5 percent November decrease.  Shipments, down three consecutive months, decreased $0.9

billion or 0.2 percent to $504.9 billion.  This followed a 0.5 percent November decrease.  Unfilled orders,

also down three consecutive months, decreased $0.9 billion or 0.1 percent to $1,180.3 billion.  This

followed a 0.2 percent November decrease.  The unfilled orders‐to‐shipments ratio was 6.55, down from

6.58 in November.  Inventories, down two consecutive months, decreased $0.1 billion or virtually

unchanged to $681.5 billion.  This followed a 0.1 percent November decrease.  The inventories‐to‐

shipments ratio was 1.35, unchanged from November.

Jan‐18 Feb‐18 Mar‐18 Apr‐18 May‐18 Jun‐18 Jul‐18 Aug‐18 Sep‐18 Oct‐18 Nov‐18 Dec‐18

% Change ‐1.6% 2.0% 1.7% ‐0.4% 0.4% 0.6% ‐0.5% 2.6% 0.2% ‐2.1% ‐0.5% 0.1%

‐4.0%

‐3.0%

‐2.0%

‐1.0%

0.0%

1.0%

2.0%

3.0%

4.0%

MANUFACTURERS' NEW ORDERS 2018

Seasonally Adjusted,   Month‐To‐Month Percentage Change

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

February 27, 2019.
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New Orders

New orders for manufactured durable goods in December, up two consecutive months, increased $2.9

billion or 1.2 percent to $254.1 billion, unchanged from the previously published increase.  This followed a

0.9 percent November increase.  Transportation equipment, up four of the last five months, led the

increase, $2.8 billion or 3.2 percent to $89.9 billion.  New orders for manufactured nondurable goods

decreased $2.6 billion or 1.0 percent to $245.8 billion.

Shipments

Shipments of manufactured durable goods in December, up four of the last five months, increased $1.7

billion or 0.7 percent to $259.1 billion, down from the previously published 0.8 percent increase.  This

followed a 1.0 percent November increase.  Transportation equipment, also up four of the last five

months, led the increase, $1.4 billion or 1.6 percent to $91.3 billion.  Shipments of manufactured

nondurable goods, down two consecutive months, decreased $2.6 billion or 1.0 percent to $245.8 billion.  

This followed a 2.0 percent November decrease.  Petroleum and coal products, also down two consecutive

months, led the decrease, $2.5 billion or 4.8 percent to $50.5 billion.

Unfilled Orders

Unfilled orders for manufactured durable goods in December, down three consecutive months, decreased

$0.9 billion or 0.1 percent to $1,180.3 billion, unchanged from the previously published decrease.  This

followed a 0.2 percent November decrease.  Transportation equipment, also down three consecutive

months, drove the decrease, $1.3 billion or 0.2 percent to $810.8 billion.

Inventories

Inventories of manufactured durable goods in December, up twenty‐three of the last twenty‐four months,

increased $1.1 billion or 0.3 percent to $415.1 billion, up from the previously published 0.2 percent

increase.  This followed a 0.5 percent November increase.  Primary metals, up twenty‐five of the last

twenty‐six months, led the increase, $0.4 billion or 1.0 percent to $36.6 billion.  Inventories of

manufactured nondurable goods, down two consecutive months, decreased $1.2 billion or 0.4 percent to

$266.5 billion.  This followed a 0.9 percent November decrease.  Petroleum and coal products, down three

consecutive months, drove the decrease, $1.8 billion or 4.5 percent to $37.9 billion.  By stage of

fabrication, December materials and supplies increased 0.2 percent in durable goods and decreased 0.5

percent in nondurable goods.  Work in process was virtually unchanged in durable goods and increased 0.1

percent in nondurable goods.  Finished goods increased 0.5 percent in durable goods and decreased 0.6

percent in nondurable goods.  
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The U.S. Census Bureau continues to update its 2019 economic indicator release calendar in coordination

with other agencies and the Office of Management and Budget to address the impacts of the recent lapse

in federal funding.  We will provide additional updated release dates as soon as they become available.  

Please visit our webpage at <www.census.gov/economic‐indicators>.

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‐in‐

process, 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 month‐

to‐month change for the Manufacturing Sector.  These reporting units June 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

sources.  The use of company or divisional reports to estimate the monthly change for establishments is
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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>.

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/>.

NEW TIME SERIES

Beginning with the release of June 2018 data on July 26, 2018, historical estimates of the Monthly Advance

Report on Manufacturers’ Shipments, Inventories and Orders are available on a seasonally adjusted basis

as well as a not seasonally adjusted basis at: <https://www.census.gov/econ/currentdata/>.   

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.

Notice of Revisions and Changes Due to Updated Seasonal Adjustment Models

On May 16, 2019, monthly seasonally adjusted data for Manufacturers’ Shipments, Inventories, and

Orders, based on the North American Industry Classification System, will be revised for January 2002

through March 2019.  There will be no accompanying press release containing revised seasonally adjusted

data for January through March of 2019, and historical data not seasonally adjusted will be unchanged.   

These revisions to the historical seasonally adjusted data will be based on the results of the recent annual

review of the seasonal adjustment models.  Based on this review, the lists of series that are seasonally

adjusted and not seasonally adjusted will be updated.  Three unfilled orders series and one total
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inventories series that have been adjusted will no longer be seasonally adjusted.  Conversely, two stage of

fabrication series that have not been adjusted will now be seasonally adjusted.  These changes will be

implemented on May 16, 2019 and will also be used to produce seasonally adjusted data from the

Manufacturers’ Shipments, Inventories, and Orders Survey, beginning with the April 2019 Advance Report

on Durable Goods scheduled for release on May 24, 2019 and the full report scheduled for release on June

4, 2019.

###
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

Dec. Nov. Oct. Nov. ‐ Oct. ‐ Sep. ‐ Dec. Nov. Oct. Dec. 2018/

2018p 2018r 2018 Dec. Nov. Oct. 2018p 2018r 2018 2017 2018p 2017 2017

  All manufacturing industries.................. 504,894 505,772 508,280 ‐0.2 ‐0.5 ‐0.1 490,211 495,901 527,031 470,212 5,999,705 5,604,916 7.0

      Excluding transportation................... 413,621 415,893 420,588 ‐0.5 ‐1.1 0.2 400,763 406,249 434,786 390,692 4,967,320 4,646,410 6.9

      Excluding defense.............................. 490,632 491,853 494,222 ‐0.2 ‐0.5 ‐0.2 474,053 481,028 513,214 455,197 5,836,389 5,455,135 7.0

      With unfilled orders............................ 180,264 179,492 177,037 0.4 1.4 ‐0.7 179,903 174,678 181,221 167,884 2,101,389 1,954,941 7.5

  Durable goods industries......................... 259,144 257,418 254,964 0.7 1.0 ‐0.3 252,907 251,463 265,344 236,127 3,017,160 2,813,550 7.2

  Wood products....................................... 9,112 9,096 9,197 0.2 ‐1.1 ‐2.1 7,930 8,460 9,766 8,217 111,935 109,094 2.6

  Nonmetallic mineral products.................... 11,069 10,943 10,989 1.2 ‐0.4 0.8 9,340 10,710 12,261 9,275 130,881 126,418 3.5

  Primary metals....................................... 21,554 21,852 21,652 ‐1.4 0.9 ‐0.5 18,998 20,543 22,145 17,307 255,058 222,128 14.8

      Iron and steel mills............................ 11,034 11,152 11,051 ‐1.1 0.9 ‐0.4 9,716 10,419 11,379 8,361 127,953 108,593 17.8

      Aluminum and nonferrous metals.......... 9,122 9,283 9,207 ‐1.7 0.8 ‐1.2 8,055 8,810 9,351 7,749 110,532 97,530 13.3

      Ferrous metal foundries....................... 1,398 1,417 1,394 ‐1.3 1.6 4.3 1,227 1,314 1,415 1,197 16,573 16,005 3.5

  Fabricated metal products....................... 33,771 33,411 33,102 1.1 0.9 0.6 30,802 32,057 35,004 28,685 393,156 360,592 9.0

  Machinery............................................. 32,756 32,928 33,037 ‐0.5 ‐0.3 1.0 32,976 30,940 33,400 32,708 391,386 369,276 6.0

      Farm machinery................................. 2,685 2,676 2,717 0.3 ‐1.5 7.3 2,316 2,038 2,592 2,016 30,689 25,887 18.5

      Construction machinery..................... 2,897 2,926 2,966 ‐1.0 ‐1.3 ‐0.1 2,815 2,825 3,203 2,877 35,414 32,224 9.9

      Mining, oil field, and

          gas field machinery.......................... 1,485 1,486 1,472 ‐0.1 1.0 ‐1.6 1,714 1,493 1,512 1,923 18,310 18,425 ‐0.6

      Industrial machinery.......................... 2,534 2,545 2,666 ‐0.4 ‐4.5 ‐3.5 2,980 2,335 2,665 2,988 31,686 31,293 1.3

      Photographic equipment...................... 533 540 585 ‐1.3 ‐7.7 0.0 600 508 591 588 6,553 6,224 5.3

      Ventilation, heating, air‐conditioning,

          and refrigeration equipment............ 3,935 3,863 3,869 1.9 ‐0.2 0.2 3,672 3,519 3,626 3,545 46,304 44,157 4.9

      Metalworking machinery..................... 2,540 2,628 2,622 ‐3.3 0.2 5.0 2,779 2,632 2,815 3,058 32,377 31,422 3.0

      Turbines, generators, and other

          power transmission equipment....... 4,335 4,460 4,452 ‐2.8 0.2 ‐0.9 4,150 4,484 4,578 4,019 50,926 47,138 8.0

      Material handling equipment............... 2,852 2,799 2,724 1.9 2.8 0.9 2,920 2,695 2,872 2,629 32,628 30,006 8.7

  Computers and electronic products2

.......... 27,864 27,688 27,387 0.6 1.1 1.0 31,664 27,927 27,634 28,920 323,568 303,995 6.4

      Computers........................................ 788 802 818 ‐1.7 ‐2.0 ‐1.4 978 759 783 900 9,590 9,967 ‐3.8

      Computer storage devices..................... 259 290 293 ‐10.7 ‐1.0 7.3 388 281 237 288 3,372 5,511 ‐38.8

      Other peripheral equipment................ 711 771 808 ‐7.8 ‐4.6 2.4 971 702 772 983 8,967 7,906 13.4

      Nondefense communications

          equipment.................................... 3,427 3,335 3,270 2.8 2.0 ‐0.3 4,680 3,127 2,967 4,098 38,926 34,946 11.4

      Defense communications equipment.... 320 327 334 ‐2.1 ‐2.1 8.8 299 369 337 243 3,526 2,988 18.0

      Audio and video equipment.................... 381 304 271 25.3 12.2 10.6 529 403 386 287 3,209 3,079 4.2

      Electronic components......................... 3,590 3,564 3,466 0.7 2.8 2.1 3,648 3,345 3,466 3,562 41,828 41,240 1.4

      Nondefense search and navigation

          equipment...................................... 1,559 1,543 1,561 1.0 ‐1.2 2.9 1,692 1,529 1,530 1,648 18,360 17,487 5.0

      Defense search and navigation

          equipment..................................... 2,791 2,807 2,761 ‐0.6 1.7 1.0 3,165 2,975 2,721 3,016 33,144 32,140 3.1

      Electromedical, measuring,

          and control instruments................. 9,609 9,478 9,447 1.4 0.3 1.5 11,253 9,372 9,125 10,220 110,932 99,132 11.9

  Electrical equipment, appliances,        

    and components................................... 11,452 11,397 11,514 0.5 ‐1.0 ‐0.7 11,078 11,163 12,009 10,570 135,694 128,317 5.7

      Electric lighting equipment..................... 1,025 1,026 1,039 ‐0.1 ‐1.3 ‐0.1 1,040 1,036 1,111 1,049 12,600 12,836 ‐1.8

      Household appliances........................ 1,767 1,716 1,766 3.0 ‐2.8 0.4 1,800 1,767 1,923 1,757 20,728 21,105 ‐1.8

      Electrical equipment............................ 2,981 2,992 3,072 ‐0.4 ‐2.6 ‐3.7 2,887 2,845 2,965 2,901 36,909 35,497 4.0

      Batteries........................................... 910 908 925 0.2 ‐1.8 ‐0.3 922 1,029 1,130 932 11,201 11,062 1.3

  Transportation equipment........................ 91,273 89,879 87,692 1.6 2.5 ‐1.7 89,448 89,652 92,245 79,520 1,032,385 958,506 7.7

      Automobiles..................................... 9,494 9,294 9,410 2.2 ‐1.2 8.9 8,580 9,548 10,212 8,674 109,842 118,067 ‐7.0

      Light trucks and utility vehicles.............. 21,730 21,158 20,902 2.7 1.2 ‐3.0 20,037 21,166 23,044 16,215 239,860 198,440 20.9

      Heavy duty trucks ............................. 2,867 2,815 2,773 1.8 1.5 0.0 2,503 2,693 3,047 2,223 32,650 28,960 12.7

      Motor vehicle bodies, parts,       

          and trailers.................................... 27,997 27,605 27,647 1.4 ‐0.2 0.2 23,857 26,995 29,958 22,112 324,558 306,447 5.9

      Nondefense aircraft and parts................ 15,046 15,034 12,822 0.1 17.3 ‐13.3 19,079 14,845 11,820 15,622 162,654 155,730 4.4

      Defense aircraft and parts.................. 4,669 4,507 4,733 3.6 ‐4.8 ‐0.7 5,576 4,758 4,620 5,671 54,644 53,025 3.1

      Ships and boats................................. 2,809 2,780 2,722 1.0 2.1 ‐1.1 2,914 2,939 2,809 2,851 33,569 32,458 3.4

  Furniture and related products.................. 6,610 6,536 6,550 1.1 ‐0.2 1.6 6,422 6,465 6,664 6,324 78,173 75,997 2.9

  Miscellaneous durable goods................. 13,683 13,688 13,844 0.0 ‐1.1 0.0 14,249 13,546 14,216 14,601 164,924 159,227 3.6

  Nondurable goods industries..................... 245,750 248,354 253,316 ‐1.0 ‐2.0 0.1 237,304 244,438 261,687 234,085 2,982,545 2,791,366 6.8

  Food products....................................... 66,908 67,137 67,009 ‐0.3 0.2 0.0 66,384 68,832 70,232 66,217 807,021 797,460 1.2

      Grain and oilseed milling....................... 7,376 7,635 7,548 ‐3.4 1.2 ‐2.1 7,511 8,005 8,249 7,807 93,680 89,997 4.1

      Dairy products.................................. 9,244 9,281 9,260 ‐0.4 0.2 ‐0.8 9,232 9,697 9,607 9,552 113,063 115,926 ‐2.5

      Meat, poultry, and seafood products... 19,508 19,434 19,363 0.4 0.4 1.3 18,669 19,588 19,473 18,175 232,399 230,516 0.8

  Beverage and tobacco products................ 12,599 12,656 12,698 ‐0.5 ‐0.3 ‐1.5 12,101 12,579 12,717 11,640 150,664 148,146 1.7

      Beverages......................................... 8,813 8,789 8,782 0.3 0.1 0.0 8,315 8,712 8,801 7,705 104,493 102,788 1.7

      Tobacco............................................ 3,786 3,867 3,916 ‐2.1 ‐1.3 ‐4.7 3,786 3,867 3,916 3,935 46,171 45,358 1.8

  Textile mills........................................... 2,497 2,508 2,502 ‐0.4 0.2 ‐1.0 2,180 2,399 2,590 2,143 29,977 29,180 2.7

  Textile products................................... 2,403 2,380 2,386 1.0 ‐0.3 1.7 2,140 2,296 2,420 1,935 27,431 25,266 8.6

  Apparel................................................ 987 979 989 0.8 ‐1.0 ‐0.1 934 1,118 1,148 873 11,643 10,811 7.7

  Leather and allied products...................... 418 414 402 1.0 3.0 0.8 400 394 417 392 4,943 4,957 ‐0.3

  Paper products...................................... 15,993 16,044 16,147 ‐0.3 ‐0.6 ‐0.7 15,367 15,661 17,038 15,251 192,972 184,313 4.7

      Pulp, paper, and paperboard mills....... 6,550 6,560 6,614 ‐0.2 ‐0.8 ‐1.1 6,398 6,358 6,844 6,307 78,986 76,852 2.8

      Paperboard containers........................ 5,472 5,560 5,594 ‐1.6 ‐0.6 ‐0.6 4,959 5,452 6,022 5,019 66,715 64,238 3.9

  Printing................................................. 6,642 6,674 6,730 ‐0.5 ‐0.8 3.4 6,395 6,914 7,376 6,249 79,131 77,816 1.7

  Petroleum and coal products.................. 50,501 53,029 58,638 ‐4.8 ‐9.6 0.8 48,605 51,702 60,173 49,782 657,514 536,785 22.5

      Petroleum refineries.......................... 46,129 48,826 54,538 ‐5.5 ‐10.5 0.9 45,149 47,809 55,498 46,620 608,663 491,883 23.7

  Chemical products..................................... 66,927 66,733 66,048 0.3 1.0 0.0 64,918 63,659 66,823 61,876 783,777 744,089 5.3

      Pesticides, fertilizers, and other

          agricultural chemicals....................... 2,825 2,744 2,827 3.0 ‐2.9 ‐4.3 2,428 2,211 2,253 2,092 32,002 27,996 14.3

      Pharmaceuticals and medicines............. 22,178 22,224 21,789 ‐0.2 2.0 0.2 22,542 21,701 22,600 21,108 256,087 235,776 8.6

      Paints, coatings, and adhesives.......... 3,922 3,871 3,822 1.3 1.3 0.3 3,142 3,415 3,920 2,951 45,686 42,665 7.1

  Plastics and rubber products.................. 19,875 19,800 19,767 0.4 0.2 ‐0.7 17,880 18,884 20,753 17,727 237,472 232,543 2.1

Year to date

p Preliminary

r

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

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

model parameters. Estimates are not adjusted for price changes.         2 Estimates and percent changes of shipments for the semiconductor industry are included in computers and electronic products, and all other applicable aggregate totals.  

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

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

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, December Full Report, February 27, 2019.  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

Dec. Nov. Oct. Nov. ‐ Oct. ‐ Sep. ‐ Dec. Nov. Oct. Dec. 2018/

2018p 2018r 2018 Dec. Nov. Oct. 2018p 2018r 2018 2017 2018p 2017 2017

All manufacturing industries2........................ 499,876 499,551 502,261 0.1 ‐0.5 ‐2.1 494,126 489,476 517,515 481,888 5,994,441 5,579,437 7.4

      Excluding transportation2...................... 409,930 412,403 417,749 ‐0.6 ‐1.3 0.2 395,638 400,740 430,230 386,924 4,935,022 4,616,075 6.9

      Excluding defense2.............................. 484,838 483,031 488,129 0.4 ‐1.0 ‐0.6 474,839 471,933 505,061 465,565 5,811,021 5,432,438 7.0

      With unfilled orders2

............................. 179,331 177,404 175,039 1.1 1.4 ‐6.3 187,530 172,955 176,640 183,017 2,144,461 1,976,686 8.5

  Durable goods industries2......................... 254,126 251,197 248,945 1.2 0.9 ‐4.3 256,822 245,038 255,828 247,803 3,011,896 2,788,071 8.0

  Primary metals........................................ 21,783 21,778 21,414 0.0 1.7 ‐2.3 19,443 20,721 21,997 17,874 258,142 224,131 15.2

      Iron and steel mills.............................. 11,366 11,090 10,635 2.5 4.3 ‐4.6 10,228 10,398 10,819 8,763 130,002 109,957 18.2

      Aluminum and nonferrous metals.......... 9,002 9,251 9,377 ‐2.7 ‐1.3 0.4 7,935 8,979 9,763 7,902 111,276 97,879 13.7

      Ferrous metal foundries....................... 1,415 1,437 1,402 ‐1.5 2.5 ‐0.8 1,280 1,344 1,415 1,209 16,864 16,295 3.5

  Fabricated metal products........................ 34,080 33,961 33,354 0.4 1.8 1.5 30,329 31,909 34,401 28,530 399,115 366,269 9.0

  Machinery............................................. 32,444 32,760 33,421 ‐1.0 ‐2.0 0.2 31,549 30,514 34,047 32,019 393,763 374,706 5.1

      Construction machinery........................ 2,735 2,906 2,967 ‐5.9 ‐2.1 ‐7.0 2,665 2,982 3,154 2,874 35,704 33,541 6.4

      Mining, oil field, and

          gas field machinery.......................... 1,400 1,477 1,449 ‐5.2 1.9 ‐5.8 1,499 1,479 1,556 1,866 17,978 18,458 ‐2.6

      Industrial machinery............................ 2,394 2,511 2,744 ‐4.7 ‐8.5 ‐3.6 2,657 2,185 2,818 2,818 31,426 31,269 0.5

      Photographic equipment....................... 561 533 575 5.3 ‐7.3 6.1 665 504 659 714 6,313 6,359 ‐0.7

      Ventilation, heating, air‐conditioning,

          and refrigeration equipment............... 3,933 3,910 4,089 0.6 ‐4.4 2.9 3,654 3,517 3,823 3,551 47,363 44,745 5.9

      Metalworking machinery....................... 2,467 2,427 2,677 1.6 ‐9.3 5.7 2,577 2,434 2,846 2,944 31,963 31,363 1.9

      Turbines, generators, and other        

          power transmission equipment........... 4,071 4,255 4,345 ‐4.3 ‐2.1 ‐2.9 3,799 4,328 4,430 3,916 49,898 46,897 6.4

      Material handling equipment.................. 3,005 2,838 2,864 5.9 ‐0.9 3.5 3,247 2,599 2,777 2,814 34,259 31,452 8.9

  Computers and electronic products2........... 24,152 24,138 24,119 0.1 0.1 2.9 28,930 23,187 23,064 26,049 279,771 259,757 7.7

      Computers........................................ 792 861 847 ‐8.0 1.7 ‐3.5 982 818 812 936 9,907 10,266 ‐3.5

      Nondefense communications

          equipment...................................... 3,228 3,447 3,466 ‐6.4 ‐0.5 1.5 4,445 3,278 3,055 4,216 40,055 37,528 6.7

      Defense communications equipment....... 316 308 324 2.6 ‐4.9 9.1 289 314 305 224 3,465 3,065 13.1

      Electronic components......................... 3,650 3,715 3,540 ‐1.7 4.9 1.3 3,832 3,341 3,511 3,795 42,796 41,950 2.0

      Nondefense search and navigation

          equipment...................................... 1,830 1,586 1,639 15.4 ‐3.2 6.8 1,580 1,558 1,765 1,378 19,157 18,076 6.0

      Defense search and navigation

          equipment...................................... 3,165 3,042 3,024 4.0 0.6 9.1 4,098 2,852 2,798 3,274 33,932 30,628 10.8

      Electromedical, measuring,

          and control instruments..................... 9,476 9,480 9,570 0.0 ‐0.9 1.4 11,467 9,277 9,048 10,450 111,533 99,373 12.2

  Electrical equipment, appliances,        

    and components................................... 11,230 11,269 11,566 ‐0.3 ‐2.6 1.0 10,815 10,946 12,075 10,633 135,634 128,701 5.4

      Electric lighting equipment..................... 1,027 1,032 1,033 ‐0.5 ‐0.1 ‐0.3 995 1,034 1,100 1,003 12,608 12,947 ‐2.6

      Household appliances.......................... 1,704 1,666 1,760 2.3 ‐5.3 ‐1.8 1,686 1,702 1,944 1,733 20,759 21,196 ‐2.1

      Electrical equipment............................ 3,044 2,999 3,075 1.5 ‐2.5 ‐2.3 2,937 2,808 3,096 2,885 36,723 35,521 3.4

  Transportation equipment........................ 89,946 87,148 84,512 3.2 3.1 ‐12.4 98,488 88,736 87,285 94,964 1,059,419 963,362 10.0

      Motor vehicle bodies, parts,       

          and trailers..................................... 28,286 27,636 27,757 2.4 ‐0.4 0.5 25,194 27,378 29,024 23,200 325,657 308,472 5.6

      Nondefense aircraft and parts................ 12,810 9,973 9,546 28.4 4.5 ‐28.7 24,264 10,721 9,006 27,811 167,730 161,128 4.1

      Defense aircraft and parts.................... 4,642 6,682 5,181 ‐30.5 29.0 ‐55.3 6,529 7,197 4,287 7,920 64,339 53,723 19.8

      Ships and boats.................................. 3,003 3,122 1,720 ‐3.8 81.5 ‐36.5 2,197 3,790 2,136 ‐758 36,019 30,284 18.9

  Furniture and related products................... 6,640 6,419 6,531 3.4 ‐1.7 ‐2.1 5,762 6,312 6,718 5,661 78,392 76,385 2.6

  Nondurable goods industries..................... 245,750 248,354 253,316 ‐1.0 ‐2.0 0.1 237,304 244,438 261,687 234,085 2,982,545 2,791,366 6.8

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, December Full Report, February 27, 2019.  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 December

Dec. Nov. Oct. Nov. ‐ Oct. ‐ Sep. ‐ Dec. Nov. Oct. Dec. 2018/

2018p 2018r 2018 Dec. Nov. Oct. 2018p 2018r 2018 2017 2017

All manufacturing industries2...................... 1,180,263 1,181,196 1,183,284 ‐0.1 ‐0.2 ‐0.2 1,179,484 1,171,857 1,173,580 1,136,412 3.8

      Excluding transportation2

...................... 369,468 369,074 368,431 0.1 0.2 0.3 362,611 364,024 364,831 346,573 4.6

      Excluding defense2............................. 980,949 982,658 987,347 ‐0.2 ‐0.5 ‐0.2 979,199 974,701 979,094 956,231 2.4

  Durable goods industries2........................ 1,180,263 1,181,196 1,183,284 ‐0.1 ‐0.2 ‐0.2 1,179,484 1,171,857 1,173,580 1,136,412 3.8

  Primary metals........................................ 31,573 31,344 31,418 0.7 ‐0.2 ‐0.8 30,962 30,517 30,339 27,878 11.1

      Iron and steel mills............................... 16,906 16,574 16,636 2.0 ‐0.4 ‐2.4 16,267 15,755 15,776 14,218 14.4

      Aluminum and nonferrous metals............. 11,176 11,296 11,328 ‐1.1 ‐0.3 1.5 11,250 11,370 11,201 10,506 7.1

      Ferrous metal foundries........................ 3,491 3,474 3,454 0.5 0.6 0.2 3,445 3,392 3,362 3,154 9.2

  Fabricated metal products......................... 85,798 85,489 84,939 0.4 0.6 0.3 83,333 83,806 83,954 77,374 7.7

  Machinery.............................................. 105,609 105,921 106,089 ‐0.3 ‐0.2 0.4 103,714 105,141 105,567 101,337 2.3

      Construction machinery......................... 6,425 6,587 6,607 ‐2.5 ‐0.3 0.0 6,288 6,438 6,281 5,998 4.8

      Mining, oil field, and

          gas field machinery.......................... 4,273 4,358 4,367 ‐2.0 ‐0.2 ‐0.5 4,207 4,422 4,436 4,539 ‐7.3

      Industrial machinery............................. 8,514 8,654 8,688 ‐1.6 ‐0.4 0.9 8,206 8,529 8,679 8,466 ‐3.1

      Photographic equipment........................ 1,523 1,495 1,502 1.9 ‐0.5 ‐0.7 1,590 1,525 1,529 1,830 ‐13.1

      Ventilation, heating, air‐conditioning,

          and refrigeration equipment................ 7,353 7,355 7,308 0.0 0.6 3.1 7,170 7,188 7,190 6,111 17.3

      Metalworking machinery........................ 7,593 7,666 7,867 ‐1.0 ‐2.6 0.7 7,351 7,553 7,751 7,765 ‐5.3

      Turbines, generators, and other        

          power transmission equipment............ 28,845 29,109 29,314 ‐0.9 ‐0.7 ‐0.4 28,792 29,143 29,299 29,820 ‐3.4

      Material handling equipment................... 13,249 13,096 13,057 1.2 0.3 1.1 13,056 12,729 12,825 11,425 14.3

  Computers and electronic products2............. 117,634 117,261 116,678 0.3 0.5 0.6 117,009 116,031 116,069 112,470 4.0

      Computers......................................... 2,195 2,191 2,132 0.2 2.8 1.4 2,195 2,191 2,132 1,878 16.9

      Nondefense communications

          equipment...................................... 25,004 25,203 25,091 ‐0.8 0.4 0.8 24,758 24,993 24,842 23,629 4.8

      Defense communications equipment........ 1,404 1,408 1,427 ‐0.3 ‐1.3 ‐0.7 1,369 1,379 1,434 1,430 ‐4.3

      Electronic components.......................... 12,943 12,883 12,732 0.5 1.2 0.6 12,790 12,606 12,610 11,822 8.2

      Nondefense search and navigation

          equipment....................................... 20,063 19,792 19,749 1.4 0.2 0.4 19,870 19,982 19,953 19,073 4.2

      Defense search and navigation

          equipment....................................... 27,967 27,593 27,358 1.4 0.9 1.0 27,993 27,060 27,183 27,205 2.9

      Electromedical, measuring,

          and control instruments...................... 28,058 28,191 28,189 ‐0.5 0.0 0.4 28,034 27,820 27,915 27,433 2.2

  Electrical equipment, appliances,        

    and components.................................... 19,489 19,711 19,839 ‐1.1 ‐0.6 0.3 18,972 19,235 19,452 19,032 ‐0.3

      Electric lighting equipment..................... 1,413 1,411 1,405 0.1 0.4 ‐0.4 1,353 1,398 1,400 1,345 0.6

      Household appliances........................... 1,294 1,357 1,407 ‐4.6 ‐3.6 ‐0.4 1,215 1,329 1,394 1,184 2.6

      Electrical equipment............................. 7,769 7,706 7,699 0.8 0.1 0.0 7,649 7,599 7,636 7,835 ‐2.4

  Transportation equipment......................... 810,795 812,122 814,853 ‐0.2 ‐0.3 ‐0.4 816,873 807,833 808,749 789,839 3.4

      Motor vehicle bodies, parts,       

          and trailers...................................... 27,330 27,041 27,010 1.1 0.1 0.4 27,606 26,269 25,886 26,507 4.1

      Nondefense aircraft and parts................ 593,405 595,641 600,702 ‐0.4 ‐0.8 ‐0.5 598,186 593,001 597,125 593,110 0.9

      Defense aircraft and parts..................... 82,130 82,157 79,982 0.0 2.7 0.6 82,189 81,236 78,797 72,494 13.4

      Ships and boats.................................. 29,684 29,490 29,148 0.7 1.2 ‐3.3 29,504 30,221 29,370 27,054 9.1

  Furniture and related products................... 8,842 8,812 8,929 0.3 ‐1.3 ‐0.2 8,098 8,758 8,911 7,879 2.8

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.         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, December Full Report, February 27, 2019.  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 December

Dec. Nov. Oct. Nov. ‐ Oct. ‐ Sep. ‐ Dec. Nov. Oct. Dec. 2018/

2018p 2018r 2018 Dec. Nov. Oct. 2018p 2018r 2018 2017 2017

  All manufacturing industries...................... 681,549 681,661 682,058 0.0 ‐0.1 0.2 665,510 682,239 686,051 642,764 3.5

      Excluding transportation........................ 550,286 550,236 550,928 0.0 ‐0.1 0.1 537,790 550,381 554,213 518,569 3.7

      Excluding defense............................. 654,528 654,417 654,911 0.0 ‐0.1 0.2 638,663 655,085 658,968 615,874 3.7

      With unfilled orders............................. 338,078 336,924 335,523 0.3 0.4 0.3 329,425 337,394 336,135 314,110 4.9

  Durable goods industries........................ 415,066 414,011 412,079 0.3 0.5 0.2 404,610 414,315 412,470 386,307 4.7

  Wood products........................................ 12,482 12,430 12,395 0.4 0.3 0.7 12,398 12,403 12,261 11,864 4.5

  Nonmetallic mineral products..................... 14,956 14,868 14,800 0.6 0.5 0.7 14,655 14,465 14,409 13,657 7.3

  Primary metals......................................... 36,648 36,273 35,801 1.0 1.3 0.7 36,386 36,062 35,713 33,073 10.0

      Iron and steel mills............................... 21,099 20,714 20,263 1.9 2.2 0.7 21,054 20,598 20,300 18,759 12.2

      Aluminum and nonferrous metals............ 13,463 13,471 13,450 ‐0.1 0.2 0.7 13,300 13,386 13,339 12,428 7.0

      Ferrous metal foundries........................ 2,086 2,088 2,088 ‐0.1 0.0 1.1 2,032 2,078 2,074 1,886 7.7

  Fabricated metal products......................... 54,657 54,559 54,304 0.2 0.5 0.2 53,775 54,136 54,012 49,811 8.0

  Machinery.............................................. 70,272 70,082 69,774 0.3 0.4 0.2 67,965 70,936 69,922 64,651 5.1

      Farm machinery.................................. 3,760 3,762 3,840 ‐0.1 ‐2.0 0.1 3,912 3,849 3,600 3,654 7.1

      Construction machinery......................... 5,631 5,588 5,515 0.8 1.3 0.0 5,481 5,581 5,537 5,318 3.1

      Mining, oil field,   

          and gas field machinery.................... 5,428 5,493 5,517 ‐1.2 ‐0.4 1.4 5,304 5,509 5,482 5,348 ‐0.8

      Industrial machinery............................. 8,323 8,247 8,453 0.9 ‐2.4 ‐3.9 8,155 8,341 8,401 7,942 2.7

      Photographic equipment....................... 1,721 1,695 1,700 1.5 ‐0.3 0.7 1,662 1,723 1,723 1,597 4.1

      Ventilation, heating, air‐conditioning,

          and refrigeration equipment............... 5,245 5,181 5,071 1.2 2.2 0.3 4,783 5,082 5,015 4,424 8.1

      Metalworking machinery........................ 6,012 5,997 5,967 0.3 0.5 0.7 5,887 6,070 6,027 5,690 3.5

      Turbines, generators, and other

          power transmission equipment............ 9,914 9,902 9,627 0.1 2.9 0.4 9,310 10,154 9,804 8,833 5.4

      Material handling equipment.................. 5,925 5,954 5,914 ‐0.5 0.7 1.6 5,456 6,145 6,140 5,063 7.8

  Computers and electronic products2

............ 43,320 43,303 43,124 0.0 0.4 ‐0.9 41,722 43,492 43,345 41,369 0.9

      Computers......................................... 1,500 1,478 1,451 1.5 1.9 ‐3.4 1,401 1,463 1,440 1,443 ‐2.9

      Computer storage devices.................... 1,128 1,081 1,030 4.3 5.0 2.2 1,036 1,125 1,062 1,072 ‐3.4

      Other peripheral equipment................... 1,176 1,178 1,177 ‐0.2 0.1 ‐4.5 1,097 1,216 1,173 1,064 3.1

      Nondefense communications

          equipment...................................... 4,745 4,778 4,785 ‐0.7 ‐0.1 1.1 4,498 4,932 4,829 4,396 2.3

      Defense communications equipment........ 633 649 649 ‐2.5 0.0 0.5 633 649 649 645 ‐1.9

      Audio and video equipment.................... 611 577 560 5.9 3.0 ‐0.2 592 603 628 621 ‐4.7

      Electronic components.......................... 7,208 7,173 7,244 0.5 ‐1.0 ‐2.2 6,991 7,076 7,204 7,088 ‐1.4

      Nondefense search and navigation

          equipment...................................... 2,620 2,596 2,574 0.9 0.9 ‐0.2 2,554 2,568 2,616 2,472 3.3

      Defense search and navigation

          equipment....................................... 2,593 2,603 2,619 ‐0.4 ‐0.6 ‐0.2 2,484 2,566 2,588 2,499 ‐0.6

      Electromedical, measuring        

          and control instruments...................... 15,579 15,404 15,327 1.1 0.5 ‐0.7 15,061 15,586 15,483 14,469 4.1

  Electrical equipment, appliances,        

    and components.................................... 19,654 19,460 19,271 1.0 1.0 0.6 18,770 19,152 19,189 17,239 8.9

      Electric lighting equipment..................... 2,258 2,250 2,234 0.4 0.7 0.0 2,166 2,214 2,224 2,087 3.8

      Household appliances........................... 2,811 2,813 2,777 ‐0.1 1.3 ‐0.5 2,528 2,715 2,790 2,511 0.7

      Electrical equipment............................. 5,573 5,469 5,362 1.9 2.0 0.8 5,349 5,445 5,318 4,734 13.0

      Batteries............................................ 1,816 1,781 1,778 2.0 0.2 ‐1.7 1,678 1,694 1,791 1,708 ‐1.8

  Transportation equipment......................... 131,263 131,425 131,130 ‐0.1 0.2 0.4 127,720 131,858 131,838 124,195 2.8

      Automobiles....................................... 4,115 4,237 4,071 ‐2.9 4.1 ‐0.2 3,934 4,248 4,139 3,605 9.1

      Light trucks and utility vehicles.............. 4,481 4,597 4,534 ‐2.5 1.4 0.5 4,035 4,726 4,799 3,857 4.6

      Heavy duty trucks ............................... 2,260 2,266 2,241 ‐0.3 1.1 1.8 2,090 2,184 2,180 1,757 19.0

      Motor vehicle bodies, parts,       

          and trailers...................................... 26,038 25,896 25,766 0.5 0.5 0.3 25,661 25,803 25,811 25,005 2.6

      Nondefense aircraft and parts................ 66,436 66,385 66,743 0.1 ‐0.5 0.3 64,331 66,875 67,074 62,611 2.7

      Defense aircraft and parts..................... 12,915 13,237 13,216 ‐2.4 0.2 0.5 12,814 13,273 13,217 13,031 ‐1.7

      Ships and boats.................................. 2,993 2,922 2,908 2.4 0.5 ‐1.7 2,996 2,900 2,921 2,886 3.8

  Furniture and related products.................... 8,010 7,966 7,945 0.6 0.3 0.0 7,795 7,939 7,885 7,630 2.2

  Miscellaneous durable goods..................... 23,804 23,645 23,535 0.7 0.5 0.2 23,424 23,872 23,896 22,818 2.7

  Nondurable goods industries...................... 266,483 267,650 269,979 ‐0.4 ‐0.9 0.1 260,900 267,924 273,581 256,457 1.7

  Food products........................................ 53,627 53,400 53,543 0.4 ‐0.3 ‐1.0 53,208 55,272 56,732 54,147 ‐1.7

      Grain and oilseed milling........................ 4,995 4,984 5,141 0.2 ‐3.1 ‐2.6 5,155 5,176 5,460 5,652 ‐8.8

      Dairy products.................................... 7,647 7,621 7,578 0.3 0.6 ‐0.7 7,188 7,292 7,490 7,275 ‐1.2

      Meat, poultry, and seafood products....... 9,214 9,046 9,203 1.9 ‐1.7 ‐1.2 8,937 9,204 9,417 8,759 2.0

  Beverage and tobacco products................ 24,802 24,592 24,540 0.9 0.2 0.3 24,885 24,812 25,125 24,294 2.4

      Beverages......................................... 20,237 20,062 20,019 0.9 0.2 0.4 20,118 20,079 20,474 19,363 3.9

      Tobacco............................................ 4,565 4,530 4,521 0.8 0.2 ‐0.2 4,767 4,733 4,651 4,931 ‐3.3

  Textile mills............................................ 3,479 3,377 3,338 3.0 1.2 2.3 3,433 3,336 3,331 3,132 9.6

  Textile products...................................... 3,560 3,535 3,502 0.7 0.9 ‐0.5 3,483 3,512 3,494 3,306 5.4

  Apparel................................................. 1,944 1,960 1,970 ‐0.8 ‐0.5 0.4 1,820 1,887 2,022 1,769 2.9

  Leather and allied products....................... 837 818 802 2.3 2.0 0.5 817 806 796 737 10.9

  Paper products....................................... 16,214 16,069 16,012 0.9 0.4 0.0 16,152 15,897 15,838 15,761 2.5

      Pulp, paper, and paperboard mills........... 6,644 6,599 6,540 0.7 0.9 1.3 6,671 6,508 6,399 6,550 1.8

      Paperboard containers......................... 5,049 4,984 5,006 1.3 ‐0.4 ‐1.9 5,055 4,937 4,995 4,912 2.9

  Printing.................................................. 5,624 5,569 5,502 1.0 1.2 0.3 5,496 5,587 5,661 5,334 3.0

  Petroleum and coal products..................... 37,934 39,723 42,901 ‐4.5 ‐7.4 ‐0.9 36,435 39,417 43,795 38,090 ‐4.3

      Petroleum refineries............................. 32,096 33,842 36,981 ‐5.2 ‐8.5 ‐1.0 30,644 33,672 38,029 33,100 ‐7.4

  Chemical products..................................... 91,121 91,356 90,688 ‐0.3 0.7 0.9 88,527 90,392 89,840 84,755 4.5

      Pesticides, fertilizers, and other

          agricultural chemicals........................ 4,642 4,570 4,469 1.6 2.3 1.3 4,758 4,505 4,238 4,639 2.6

      Pharmaceuticals and medicines.............. 37,302 37,600 37,088 ‐0.8 1.4 1.4 35,783 37,251 36,892 33,855 5.7

      Paints, coatings, and adhesives.............. 3,972 3,953 3,985 0.5 ‐0.8 0.3 3,813 3,816 3,883 3,681 3.6

  Plastics and rubber products..................... 27,341 27,251 27,181 0.3 0.3 0.7 26,644 27,006 26,947 25,132 6.0

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, December Full Report, February 27, 2019.  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

Dec. Nov. Oct. Nov. ‐ Oct. ‐ Sep. ‐ Dec. Nov. Oct. Dec. 2018/

2018p 2018r 2018 Dec. Nov. Oct. 2018p 2018r 2018 2017 2018p 2017 2017

SHIPMENTS

  All manufacturing industries......................... 504,894 505,772 508,280 ‐0.2 ‐0.5 ‐0.1 490,211 495,901 527,031 470,212 5,999,705 5,604,916 7.0

    Construction materials and supplies....... 51,944 51,531 51,650 0.8 ‐0.2 0.2 45,037 48,893 55,402 43,813 615,062 581,813 5.7

    Information technology......................... 25,491 25,286 25,197 0.8 0.4 1.4 29,333 24,874 24,704 26,420 294,213 269,572 9.1

    Computers and related products........... 1,758 1,863 1,919 ‐5.6 ‐2.9 1.4 2,337 1,742 1,792 2,171 21,929 23,384 ‐6.2

    Motor vehicle and parts......................... 62,088 60,872 60,732 2.0 0.2 0.3 54,977 60,402 66,261 49,224 706,910 651,914 8.4

    Capital goods......................................      92,120 91,546 89,776 0.6 2.0 ‐1.3 101,448 89,642 89,258 93,995 1,068,237 994,587 7.4

      Nondefense capital goods3

.................. 79,646 79,557 77,696 0.1 2.4 ‐1.9 87,539 76,718 77,377 81,712 928,540 870,046 6.7

        Excluding aircraft............................. 68,895 68,865 69,030 0.0 ‐0.2 0.8 73,049 66,215 69,538 70,602 816,017 766,771 6.4

      Defense capital goods4

........................ 12,474 11,989 12,080 4.0 ‐0.8 2.5 13,909 12,924 11,881 12,283 139,697 124,541 12.2

    Consumer goods.................................. 209,021 211,062 216,246 ‐1.0 ‐2.4 0.2 204,030 210,872 225,540 199,055 2,528,223 2,331,113 8.5

      Consumer durable goods..................... 44,964 44,109 44,094 1.9 0.0 0.5 42,216 44,166 47,598 38,368 513,225 475,759 7.9

      Consumer nondurable goods................ 164,057 166,953 172,152 ‐1.7 ‐3.0 0.1 161,814 166,706 177,942 160,687 2,014,998 1,855,354 8.6

  All manufacturing industries5

...................... 499,876 499,551 502,261 0.1 ‐0.5 ‐2.1 494,126 489,476 517,515 481,888 5,994,441 5,579,437 7.4

    Construction materials and supplies....... 52,271 52,001 52,104 0.5 ‐0.2 1.2 44,658 48,886 55,213 43,555 620,161 586,258 5.8

    Information technology......................... 25,608 25,620 25,927 0.0 ‐1.2 3.5 30,038 24,723 25,017 27,048 297,631 272,141 9.4

    Computers and related products........... 1,762 1,922 1,948 ‐8.3 ‐1.3 0.4 2,341 1,801 1,821 2,207 22,246 23,683 ‐6.1

    Motor vehicle and parts......................... 62,377 60,903 60,842 2.4 0.1 0.4 56,314 60,785 65,327 50,312 708,009 653,939 8.3

    Capital goods......................................      90,664 89,263 86,865 1.6 2.8 ‐5.9 107,337 87,418 85,308 103,092 1,086,082 1,004,966 8.1

      Nondefense capital goods3

.................. 77,538 75,002 74,850 3.4 0.2 ‐4.7 90,402 72,659 75,150 88,954 934,919 882,586 5.9

        Excluding aircraft............................. 68,215 68,895 69,687 ‐1.0 ‐1.1 0.5 70,776 65,658 70,215 69,308 820,643 773,677 6.1

      Defense capital goods4

........................ 13,126 14,261 12,015 ‐8.0 18.7 ‐13.1 16,935 14,759 10,158 14,138 151,163 122,380 23.5

    Consumer goods.................................. 208,909 210,937 216,185 ‐1.0 ‐2.4 0.2 203,668 210,815 225,536 198,713 2,527,927 2,331,358 8.4

      Consumer durable goods..................... 44,852 43,984 44,033 2.0 ‐0.1 0.4 41,854 44,109 47,594 38,026 512,929 476,004 7.8

      Consumer nondurable goods.............. 164,057 166,953 172,152 ‐1.7 ‐3.0 0.1 161,814 166,706 177,942 160,687 2,014,998 1,855,354 8.6

  All manufacturing industries5

...................... 1,180,263 1,181,196 1,183,284 ‐0.1 ‐0.2 ‐0.2 1,179,484 1,171,857 1,173,580 1,136,412 (X) (X) 3.8

    Construction materials and supplies....... 59,607 59,280 58,810 0.6 0.8 0.8 57,670 58,049 58,056 52,571 (X) (X) 9.7

    Information technology......................... 115,227 115,110 114,776 0.1 0.3 0.6 114,564 113,859 114,010 111,146 (X) (X) 3.1

    Computers and related products........... 2,195 2,191 2,132 0.2 2.8 1.4 2,195 2,191 2,132 1,878 (X) (X) 16.9

    Motor vehicle and parts......................... 27,330 27,041 27,010 1.1 0.1 0.4 27,606 26,269 25,886 26,507 (X) (X) 4.1

    Capital goods......................................      865,110 866,566 868,849 ‐0.2 ‐0.3 ‐0.3 866,938 861,049 863,273 849,093 (X) (X) 2.1

      Nondefense capital goods3

.................. 708,193 710,301 714,856 ‐0.3 ‐0.6 ‐0.4 709,191 706,328 710,387 702,812 (X) (X) 0.9

        Excluding aircraft............................. 222,616 223,296 223,266 ‐0.3 0.0 0.3 219,116 221,389 221,946 214,490 (X) (X) 2.2

      Defense capital goods4........................ 156,917 156,265 153,993 0.4 1.5 0.0 157,747 154,721 152,886 146,281 (X) (X) 7.8

    Consumer goods.................................. 4,740 4,852 4,977 ‐2.3 ‐2.5 ‐1.2 4,515 4,877 4,934 4,811 (X) (X) ‐6.2

      Consumer durable goods..................... 4,740 4,852 4,977 ‐2.3 ‐2.5 ‐1.2 4,515 4,877 4,934 4,811 (X) (X) ‐6.2

  All manufacturing industries....................... 681,549 681,661 682,058 0.0 ‐0.1 0.2 665,510 682,239 686,051 642,764 (X) (X) 3.5

    Construction materials and supplies....... 74,184 73,891 73,580 0.4 0.4 0.3 72,550 72,780 72,626 67,244 (X) (X) 7.9

    Information technology......................... 39,743 39,426 39,235 0.8 0.5 ‐0.1 38,313 39,772 39,504 36,737 (X) (X) 4.3

    Computers and related products........... 3,804 3,737 3,658 1.8 2.2 ‐2.2 3,534 3,804 3,675 3,579 (X) (X) ‐1.3

    Motor vehicle and parts......................... 36,894 36,996 36,612 ‐0.3 1.0 0.4 35,720 36,961 36,929 34,224 (X) (X) 4.4

    Capital goods......................................      204,374 203,906 203,464 0.2 0.2 0.3 198,069 205,496 204,092 190,108 (X) (X) 4.2

      Nondefense capital goods3

.................. 181,696 181,009 180,648 0.4 0.2 0.3 175,464 182,725 181,341 167,598 (X) (X) 4.7

        Excluding aircraft............................. 127,192 126,560 125,947 0.5 0.5 0.2 123,056 127,846 126,509 117,152 (X) (X) 5.0

      Defense capital goods4

........................ 22,678 22,897 22,816 ‐1.0 0.4 0.4 22,605 22,771 22,751 22,510 (X) (X) 0.4

    Consumer goods.................................. 198,894 200,607 202,864 ‐0.9 ‐1.1 ‐0.1 194,183 202,194 207,946 193,144 (X) (X) 0.5

      Consumer durable goods..................... 30,453 30,617 30,249 ‐0.5 1.2 0.2 29,265 30,810 30,777 28,295 (X) (X) 3.4

      Consumer nondurable goods................ 168,441 169,990 172,615 ‐0.9 ‐1.5 ‐0.1 164,918 171,384 177,169 164,849 (X) (X) 0.0

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 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

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, December Full Report, February 27, 2019.  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 December

Dec. Nov. Oct. Nov. ‐ Oct. ‐ Sep. ‐ Dec. Nov. Oct. Dec. 2018/

2018p 2018r 2018 Dec. Nov. Oct. 2018p 2018r 2018 2017 2017

MATERIALS AND SUPPLIES

  All manufacturing industries....................... 237,242 237,342 236,964 0.0 0.2 0.4 234,793 237,052 238,254 221,418 6.0

    Durable goods industries.......................... 145,575 145,226 144,166 0.2 0.7 0.6 144,088 145,182 144,646 132,231 9.0

      Wood products................................... 5,223 5,204 5,160 0.4 0.9 1.1 5,346 5,301 5,221 5,085 5.1

      Nonmetallic mineral products................. 6,019 5,979 5,949 0.7 0.5 0.1 5,970 5,928 5,908 5,518 8.2

      Primary metals.................................... 13,176 13,099 12,945 0.6 1.2 0.1 13,345 13,243 13,171 12,297 8.5

      Fabricated metal products..........................       20,852 20,793 20,699 0.3 0.5 0.1 20,792 20,655 20,674 18,632 11.6

      Machinery.......................................... 28,677 28,481 28,305 0.7 0.6 1.2 28,008 28,603 28,536 24,921 12.4

      Computers and electronic products........ 19,041 19,177 19,030 ‐0.7 0.8 0.4 18,624 19,157 19,142 17,233 8.1

      Electrical equipment, appliances,

         and components............................... 8,357 8,295 8,274 0.7 0.3 1.2 8,171 8,178 8,269 7,214 13.3

      Transportation equipment..................... 32,321 32,319 31,996 0.0 1.0 0.9 32,042 32,250 31,921 29,866 7.3

      Furniture and related products............... 3,925 3,919 3,924 0.2 ‐0.1 0.9 3,890 3,892 3,896 3,774 3.1

      Miscellaneous products......................... 7,984 7,960 7,884 0.3 1.0 ‐0.3 7,900 7,975 7,908 7,691 2.7

   Nondurable goods industries...................... 91,667 92,116 92,798 ‐0.5 ‐0.7 0.1 90,705 91,870 93,608 89,187 1.7

      Food  products.................................... 17,517 17,478 17,603 0.2 ‐0.7 ‐1.9 17,691 17,992 18,448 18,360 ‐3.6

      Beverage and tobacco products........................ 5,983 5,984 5,971 0.0 0.2 0.4 6,095 6,131 6,053 5,985 1.8

      Textiles.............................................. 1,208 1,187 1,166 1.8 1.8 1.8 1,200 1,171 1,153 1,068 12.4

      Textile products................................... 1,332 1,326 1,312 0.5 1.1 ‐0.2 1,326 1,318 1,301 1,292 2.6

      Apparel............................................. 515 517 509 ‐0.4 1.6 ‐0.2 501 504 516 471 6.4

      Leather and allied products.................... 282 279 272 1.1 2.6 0.4 283 274 273 237 19.4

      Paper products.................................... 8,205 8,082 8,129 1.5 ‐0.6 ‐0.9 8,207 8,031 8,085 7,943 3.3

      Printing ............................................. 2,910 2,888 2,868 0.8 0.7 0.7 2,858 2,900 2,903 2,719 5.1

      Petroleum and coal products................. 11,113 11,614 12,341 ‐4.3 ‐5.9 1.2 10,497 11,333 12,646 10,809 ‐2.9

      Chemical products................................ 31,133 31,230 31,095 ‐0.3 0.4 0.7 30,771 30,758 30,776 29,734 3.5

      Plastics and rubber products.................. 11,469 11,531 11,532 ‐0.5 0.0 0.9 11,276 11,458 11,454 10,569 6.7

WORK IN PROCESS

  All manufacturing industries....................... 207,530 207,416 208,197 0.1 ‐0.4 ‐0.5 201,595 208,164 210,097 196,896 2.4

    Durable goods industries.......................... 152,110 152,042 152,041 0.0 0.0 ‐0.1 147,087 152,363 152,231 144,041 2.1

      Wood products................................... 2,237 2,261 2,282 ‐1.1 ‐0.9 0.4 2,178 2,227 2,249 2,067 5.4

      Nonmetallic mineral products................. 1,588 1,595 1,584 ‐0.4 0.7 2.5 1,517 1,518 1,509 1,507 0.7

      Primary metals.................................... 10,867 10,788 10,689 0.7 0.9 1.1 10,420 10,696 10,659 9,404 10.8

      Fabricated metal products..........................       14,019 13,875 13,880 1.0 0.0 ‐0.4 13,705 13,915 13,922 12,978 5.6

      Machinery.......................................... 18,305 18,205 18,328 0.5 ‐0.7 ‐2.0 17,306 18,751 18,568 17,570 ‐1.5

      Computers and electronic products........ 12,375 12,524 12,552 ‐1.2 ‐0.2 ‐1.9 11,727 12,399 12,450 12,602 ‐6.9

      Electrical equipment, appliances,

         and components............................... 4,229 4,164 4,086 1.6 1.9 0.7 3,997 4,078 4,033 3,505 14.0

      Transportation equipment..................... 83,311 83,450 83,492 ‐0.2 ‐0.1 0.4 81,187 83,581 83,650 79,592 2.0

      Furniture and related products............... 1,359 1,364 1,347 ‐0.4 1.3 ‐3.1 1,347 1,355 1,338 1,319 2.1

      Miscellaneous products......................... 3,820 3,816 3,801 0.1 0.4 1.1 3,703 3,843 3,853 3,497 5.9

   Nondurable goods industries...................... 55,420 55,374 56,156 0.1 ‐1.4 ‐1.4 54,508 55,801 57,866 52,855 3.1

      Food  products.................................... 5,852 5,890 5,788 ‐0.6 1.8 ‐6.6 6,415 6,807 6,767 7,325 ‐12.4

      Beverage and tobacco products........................ 9,531 9,436 9,357 1.0 0.8 0.0 9,889 9,657 9,831 9,414 5.0

      Textiles.............................................. 729 724 728 0.7 ‐0.5 1.8 709 723 733 684 3.7

      Textile products................................... 436 424 426 2.8 ‐0.5 ‐2.3 415 425 432 398 4.3

      Apparel............................................. 341 338 341 0.9 ‐0.9 ‐0.3 309 324 344 281 10.0

      Leather and allied products.................... 80 79 80 1.3 ‐1.3 ‐2.4 78 79 77 74 5.4

      Paper products.................................... 1,339 1,305 1,304 2.6 0.1 0.8 1,319 1,293 1,297 1,242 6.2

      Printing ............................................. 1,186 1,172 1,152 1.2 1.7 0.4 1,139 1,179 1,244 1,061 7.4

      Petroleum and coal products................. 11,701 12,088 13,458 ‐3.2 ‐10.2 ‐5.1 10,797 11,771 13,894 11,443 ‐5.6

      Chemical products................................ 20,991 20,688 20,282 1.5 2.0 1.3 20,312 20,306 20,016 17,977 13.0

      Plastics and rubber products.................. 3,234 3,230 3,240 0.1 ‐0.3 1.3 3,126 3,237 3,231 2,956 5.8

FINISHED GOODS

  All manufacturing industries....................... 236,777 236,903 236,897 ‐0.1 0.0 0.5 229,122 237,023 237,700 224,450 2.1

    Durable goods industries.......................... 117,381 116,743 115,872 0.5 0.8 0.2 113,435 116,770 115,593 110,035 3.1

      Wood products................................... 5,022 4,965 4,953 1.1 0.2 0.4 4,874 4,875 4,791 4,712 3.4

      Nonmetallic mineral products................. 7,349 7,294 7,267 0.8 0.4 0.8 7,168 7,019 6,992 6,632 8.1

      Primary metals.................................... 12,605 12,386 12,167 1.8 1.8 1.1 12,621 12,123 11,883 11,372 11.0

      Fabricated metal products..........................       19,786 19,891 19,725 ‐0.5 0.8 0.6 19,278 19,566 19,416 18,201 5.9

      Machinery.......................................... 23,290 23,396 23,141 ‐0.5 1.1 0.7 22,651 23,582 22,818 22,160 2.2

      Computers and electronic products........ 11,904 11,602 11,542 2.6 0.5 ‐1.9 11,371 11,936 11,753 11,534 ‐1.4

      Electrical equipment, appliances,

         and components............................... 7,068 7,001 6,911 1.0 1.3 ‐0.2 6,602 6,896 6,887 6,520 1.3

      Transportation equipment..................... 15,631 15,656 15,642 ‐0.2 0.1 ‐0.4 14,491 16,027 16,267 14,737 ‐1.7

      Furniture and related products............... 2,726 2,683 2,674 1.6 0.3 0.4 2,558 2,692 2,651 2,537 0.8

      Miscellaneous products......................... 12,000 11,869 11,850 1.1 0.2 0.2 11,821 12,054 12,135 11,630 1.6

   Nondurable goods industries...................... 119,396 120,160 121,025 ‐0.6 ‐0.7 0.8 115,687 120,253 122,107 114,415 1.1

      Food  products.................................... 30,258 30,032 30,152 0.8 ‐0.4 0.7 29,102 30,473 31,517 28,462 2.2

      Beverage and tobacco products........................ 9,288 9,172 9,212 1.3 ‐0.4 0.5 8,901 9,024 9,241 8,895 0.1

      Textiles.............................................. 1,542 1,466 1,444 5.2 1.5 2.8 1,524 1,442 1,445 1,380 10.4

      Textile products................................... 1,792 1,785 1,764 0.4 1.2 ‐0.3 1,742 1,769 1,761 1,616 7.8

      Apparel............................................. 1,088 1,105 1,120 ‐1.5 ‐1.3 0.9 1,010 1,059 1,162 1,017 ‐0.7

      Leather and allied products.................... 475 460 450 3.3 2.2 1.1 456 453 446 426 7.0

      Paper products.................................... 6,670 6,682 6,579 ‐0.2 1.6 0.8 6,626 6,573 6,456 6,576 0.8

      Printing ............................................. 1,528 1,509 1,482 1.3 1.8 ‐0.5 1,499 1,508 1,514 1,554 ‐3.5

      Petroleum and coal products................. 15,120 16,021 17,102 ‐5.6 ‐6.3 1.2 15,141 16,313 17,255 15,838 ‐4.4

      Chemical products................................ 38,997 39,438 39,311 ‐1.1 0.3 0.8 37,444 39,328 39,048 37,044 1.1

      Plastics and rubber products.................. 12,638 12,490 12,409 1.2 0.7 0.5 12,242 12,311 12,262 11,607 5.5

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.     

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, December Full Report, February 27, 2019.  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 Dec Nov Oct Sep Dec Nov Oct Sep

2018p 2018r 2018 2018 2018p 2018r 2018 2018

All manufacturing industries3.................................... 1.35 1.35 1.34 1.34 (X) (X) (X) (X)

Durable goods industries3

........................................ 1.60 1.61 1.62 1.61 6.55 6.58 6.68 6.65

  Wood products........................................................... 1.37 1.37 1.35 1.31 (X) (X) (X) (X)

  Nonmetallic mineral products............................. 1.35 1.36 1.35 1.35 (X) (X) (X) (X)

  Primary metals............................................................ 1.70 1.66 1.65 1.63 1.46 1.43 1.45 1.46

  Fabricated metal products...................................... 1.62 1.63 1.64 1.65 2.61 2.63 2.64 2.65

  Machinery..................................................................... 2.15 2.13 2.11 2.13 3.60 3.59 3.59 3.59

  Computers and electronic products3

................... 1.55 1.56 1.57 1.60 5.33 5.37 5.39 5.43

  Electrical equipment, appliances,

      and components.................................................... 1.72 1.71 1.67 1.65 1.85 1.88 1.87 1.85

  Transportation equipment..................................... 1.44 1.46 1.50 1.46 14.18 14.35 14.92 14.55

  Furniture and related products............................ 1.21 1.22 1.21 1.23 1.51 1.52 1.53 1.56

  Miscellaneous products.......................................... 1.74 1.73 1.70 1.70 (X) (X) (X) (X)

Nondurable goods industries................................... 1.08 1.08 1.07 1.07 (X) (X) (X) (X)

  Food products............................................................. 0.80 0.80 0.80 0.81 (X) (X) (X) (X)

  Beverage and tobacco products........................... 1.97 1.94 1.93 1.90 (X) (X) (X) (X)

  Textiles.......................................................................... 1.39 1.35 1.33 1.29 (X) (X) (X) (X)

  Textile products......................................................... 1.48 1.49 1.47 1.50 (X) (X) (X) (X)

  Apparel........................................................................ 1.97 2.00 1.99 1.98 (X) (X) (X) (X)

  Leather and allied products................................ 2.00 1.98 2.00 2.00 (X) (X) (X) (X)

  Paper products.......................................................... 1.01 1.00 0.99 0.98 (X) (X) (X) (X)

  Printing........................................................................ 0.85 0.83 0.82 0.84 (X) (X) (X) (X)

  Petroleum and coal products............................... 0.75 0.75 0.73 0.74 (X) (X) (X) (X)

  Chemical products................................................... 1.36 1.37 1.37 1.36 (X) (X) (X) (X)

  Plastics and rubber products................................ 1.38 1.38 1.38 1.36 (X) (X) (X) (X)

Dec3 Dec3 Dec3 Dec3

Industry 2017‐ 2017‐ 2017‐ 2017‐

Dec2 Nov Dec2 Nov Dec2 Nov Dec2 Nov

2018 2018 2018 2018 2018 2018 2018 2018

          

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

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

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

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

  Primary metals............................................. ‐0.1 0.3 0.9 0.8 0.7 0.3 ‐0.1 0.4

  Fabricated metal products.................... ‐0.2 0.3 0.1 0.6 0.1 0.2 0.0 0.2

  Machinery...................................................... ‐0.8 0.2 ‐0.6 0.8 0.1 0.2 0.1 0.1

  Computers and electronic products..... 0.1 0.2 0.1 0.6 0.0 0.1 0.0 0.2

  Electrical equipment, appliances,

      and components..................................... ‐0.1 0.4 ‐0.2 0.8 ‐0.1 0.3 0.0 0.3

  Transportation equipment.................... 0.1 0.3 ‐0.1 0.7 ‐0.1 0.1 0.0 0.1

  Furniture and related products............. (X) 0.4 (X) 0.8 (X) 0.8 (X) 0.4

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

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

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

  Beverage and tobacco products............ (X) 0.2 (X) (NA) (X) (NA) (X) 0.2

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

  Textile products......................................... (X) 0.4 (X) (NA) (X) (NA) (X) 0.1

  Apparel......................................................... (X) 0.4 (X) (NA) (X) (NA) (X) 0.6

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

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

  Printing.......................................................... (X) 0.5 (X) (NA) (X) (NA) (X) 0.4

  Petroleum and coal products............... (X) 0.5 (X) (NA) (X) (NA) (X) 0.7

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

  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, December Full Report, February 27, 2019. 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, December Full Report, February 27, 2019.

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