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FOR RELEASE AT 10:00 AM EDT, WEDNESDAY, JULY 5, 2017 

MONTHLY FULL REPORT ON MANUFACTURERS’ SHIPMENTS, INVENTORIES 

AND ORDERS MAY 2017 

Release Number: CB 17-96 M3-2 (17)-05 

July 5, 2017 — The U.S. Census Bureau announces the May full report on manufacturers’ shipments, 

inventories and orders: 

MANUFACTURED GOODS – NEW ORDERS

MAY 2017 $464.9 billion            ‐0.8%°

APRIL 2017  

(revised) $468.6 billion            ‐0.3%°

Next release: August 3, 2017

Data adjusted for seasonal variation but not for price changes. 

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

°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. 

Summary 

New orders for manufactured goods in May, down two consecutive months, decreased $3.7 billion or 0.8 

percent to $464.9 billion, the U.S. Census Bureau reported today. This followed a 0.3 percent April 

decrease. Shipments, up five of the last six months, increased $0.6 billion or 0.1 percent to $471.5 billion. 

This followed a virtually unchanged April increase. Unfilled orders, down following two consecutive 

monthly increases, decreased $2.3 billion or 0.2 percent to $1,120.2 billion. This followed a 0.2 percent 

April increase. The unfilled orders-to-shipments ratio was 6.75, down from 6.83 in April. Inventories, 

down following six consecutive monthly increases, decreased $0.3 billion or 0.1 percent to $648.9 billion. 

This followed a virtually unchanged April increase. The inventories-to-shipments ratio was 1.38, 

unchanged from April. 

New Orders 

New orders for manufactured durable goods in May, down two consecutive months, decreased $1.9 billion 

or 0.8 percent to $229.1 billion, up from the previously published 1.1 percent decrease. This followed a 0.8 

percent April decrease. Transportation equipment, also down two consecutive months, drove the decrease, 

$2.4 billion or 3.0 percent to $75.9 billion. New orders for manufactured nondurable goods decreased $1.8 

billion or 0.8 percent to $235.7 billion.

Jun-16 Jul-16 Aug-16 Sep-16 Oct-16 Nov-16 Dec-16 Jan-17 Feb-17 Mar-17 Apr-17 May-17

% Change -1.8% 1.4% 0.4% 0.2% 3.4% -2.3% 1.8% 0.4% 0.8% 1.0% -0.3% -0.8%

-3.0%

-2.0%

-1.0%

0.0%

1.0%

2.0%

3.0%

4.0%

MANUFACTURERS' NEW ORDERS 2016-2017

Seasonally Adjusted, Month-To-Month Percentage Change

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

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

increased $2.4 billion or 1.0 percent to $235.8 billion, up from the previously published 0.8 percent 

increase. This followed a 0.2 percent April decrease. Transportation equipment, up following four 

consecutive monthly decreases, led the increase, $1.8 billion or 2.3 percent to $79.2 billion. Shipments of 

manufactured nondurable goods, down two of the last three months, decreased $1.8 billion or 0.8 percent to 

$235.7 billion. This followed a 0.2 percent April increase. Petroleum and coal products, down four 

consecutive months, led the decrease, $1.4 billion or 3.2 percent to $41.1 billion. 

Unfilled Orders 

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

increases, decreased $2.3 billion or 0.2 percent to $1,120.2 billion, virtually unchanged from the previously 

published decrease. This followed a 0.2 percent April increase. Transportation equipment, also down 

following two consecutive monthly increases, drove the decrease, $3.3 billion or 0.4 percent to $762.9 

billion. 

Inventories

Inventories of manufactured durable goods in May, up ten of the last eleven months, increased $0.9 billion 

or 0.2 percent to $395.8 billion, virtually unchanged from the previously published increase. This followed 

a 0.2 percent April increase. Primary metals, also up ten of the last eleven months, led the increase, $0.3 

billion or 0.8 percent to $33.1 billion. Inventories of manufactured nondurable goods, down three 

consecutive months, decreased $1.3 billion or 0.5 percent to $253.1 billion. This followed a 0.4 percent 

April decrease. Petroleum and coal products, also down three consecutive months, drove the decrease, $1.4 

billion or 3.7 percent to $35.1 billion. By stage of fabrication, May materials and supplies increased 0.5 

percent in durable goods and decreased 0.1 percent in nondurable goods. Work in process increased 0.1 

percent in durable goods and decreased 0.1 percent in nondurable goods. Finished goods increased 0.2 

percent in durable goods and decreased 1.0 percent in nondurable goods. 

The Advance Report on durable goods for June is scheduled for release on July 27, 2017 at 8:30 a.m. EDT 

and the Full Report on August 3, 2017 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>.
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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 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-tomonth changes of the total operations of the reporting units in the M3 panel effectively represent the monthto-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 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>. 
Data Inquiries Media Inquiries

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Benchmark notice

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

issued on May 18, 2017. These revisions result from: 

 benchmarking the M3 shipments and inventories data to the 2015 Annual Survey of 

Manufactures (ASM) and revised 2014 ASM data on a 2012 NAICS basis; 

 incorporating the unfilled orders to shipments ratios obtained from the 2015/2014 

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

ASM shipments data, as well as incorporating revised unfilled orders to shipments ratios for 

prior years by applying them to the respective ASM 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 spanned the seasonally adjusted data for January 2002 through March 2017 and the data not 

seasonally adjusted for January 2007 through March 2017. An updated Press Release contains revised 

monthly tables for January 2017 through March 2017. Please call M3 staff on (301) 763-4832 with any 

questions. 

America’s Economy Mobile App

The America’s Economy app provides real-time updates for 19 key economic indicators released from the 

Census Bureau, Bureau of Labor Statistics, and Bureau of Economic Analysis. 

<www.census.gov/mobile/economy/>. 

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/>. 

‐X‐ 
Table 1. Value of Manufacturers' Shipments for Industry Groups1

[Estimates are shown in millions of dollars and are based on data from the Manufacturers' Shipments, Inventories, and Orders Survey.] 

Seasonally Adjusted Not Seasonally Adjusted 

Monthly Percent Change Monthly

Industry % Change

May Apr. Mar. Apr. - Mar. - Feb. - May Apr. Mar. May 2017/

2017p 2017r 2017 May Apr. Mar. 2017p 2017r 2017 2016 2017p 2016 2016

 All manufacturing industries.................. 471,513 470,922 470,776 0.1 0.0 -0.2 488,349 460,979 501,901 458,705 2,318,360 2,216,393 4.6

 Excluding transportation................... 392,331 393,521 393,182 -0.3 0.1 -0.1 406,690 387,634 411,907 381,530 1,931,704 1,828,909 5.6

 Excluding defense.............................. 459,245 458,851 458,544 0.1 0.1 -0.1 476,578 450,044 487,603 447,973 2,260,254 2,162,589 4.5

 With unfilled orders............................ 165,830 164,416 164,629 0.9 -0.1 0.2 170,720 157,574 181,870 159,809 806,953 777,343 3.8

 Durable goods industries......................... 235,768 233,336 233,738 1.0 -0.2 -0.1 242,628 225,345 257,455 227,509 1,151,080 1,121,353 2.7

 Wood products....................................... 9,052 9,219 9,230 -1.8 -0.1 -1.2 9,929 9,680 9,337 9,064 45,062 41,132 9.6

 Nonmetallic mineral products.................... 10,609 10,558 10,618 0.5 -0.6 0.2 11,279 10,309 10,748 10,633 50,342 49,183 2.4

 Primary metals....................................... 19,363 19,172 19,170 1.0 0.0 1.1 20,431 19,071 20,635 17,903 96,792 87,751 10.3

 Iron and steel mills............................ 9,165 9,070 9,009 1.0 0.7 2.4 9,692 9,022 9,525 8,354 45,179 40,971 10.3

 Aluminum and nonferrous metals.......... 8,890 8,833 8,863 0.6 -0.3 0.1 9,358 8,805 9,697 8,180 45,155 39,954 13.0

 Ferrous metal foundries....................... 1,308 1,269 1,298 3.1 -2.2 -0.7 1,381 1,244 1,413 1,369 6,458 6,826 -5.4

 Fabricated metal products....................... 31,565 31,176 31,189 1.2 0.0 0.1 33,022 30,522 32,744 30,183 153,913 144,653 6.4

 Machinery............................................. 30,800 30,774 30,668 0.1 0.3 0.7 32,110 30,745 34,642 29,996 152,527 150,658 1.2

 Farm machinery................................. 2,550 2,531 2,573 0.8 -1.6 0.2 2,791 3,173 3,281 2,644 14,402 13,994 2.9

 Construction machinery..................... 1,983 1,997 2,000 -0.7 -0.2 1.1 2,107 2,059 2,327 2,063 10,013 10,313 -2.9

 Mining, oil field, and 

 gas field machinery.......................... 1,011 983 975 2.8 0.8 -0.2 998 913 1,046 795 4,675 5,941 -21.3

 Industrial machinery.......................... 2,843 2,928 2,875 -2.9 1.8 1.0 2,745 2,690 3,317 2,606 13,508 13,283 1.7

 Photographic equipment...................... 569 584 565 -2.6 3.4 3.1 549 510 669 532 2,640 2,666 -1.0

 Ventilation, heating, air-conditioning,

 and refrigeration equipment............ 3,767 3,783 3,834 -0.4 -1.3 1.6 4,110 3,564 4,248 3,766 17,978 17,292 4.0

 Metalworking machinery..................... 2,916 2,989 2,975 -2.4 0.5 -2.2 2,954 2,674 3,216 2,722 14,120 13,163 7.3

 Turbines, generators, and other

 power transmission equipment....... 4,025 3,934 3,850 2.3 2.2 4.1 4,251 4,078 4,000 3,909 19,500 19,311 1.0

 Material handling equipment............... 2,806 2,808 2,770 -0.1 1.4 0.8 2,900 2,658 3,048 2,601 13,596 12,817 6.1

 Computers and electronic products2

.......... 26,347 26,310 26,396 0.1 -0.3 -1.6 24,908 23,960 28,619 23,913 125,110 119,287 4.9

 Computers........................................ 744 743 751 0.1 -1.1 -8.3 688 693 785 717 3,388 3,280 3.3

 Computer storage devices..................... 659 697 656 -5.5 6.3 -7.9 497 445 991 517 2,860 2,833 1.0

 Other peripheral equipment................ 543 543 509 0.0 6.7 -11.5 530 428 639 566 2,453 2,808 -12.6

 Nondefense communications

 equipment.................................... 2,749 2,722 2,776 1.0 -1.9 2.1 2,623 2,305 3,256 2,508 12,512 11,955 4.7

 Defense communications equipment.... 241 232 238 3.9 -2.5 -0.4 232 232 252 243 1,147 1,197 -4.2

 Audio and video equipment.................... 328 325 321 0.9 1.2 2.6 316 273 311 302 1,443 1,377 4.8

 Electronic components......................... 3,935 3,918 4,043 0.4 -3.1 0.0 4,055 3,748 4,256 3,922 18,958 17,918 5.8

 Nondefense search and navigation

 equipment...................................... 1,433 1,461 1,424 -1.9 2.6 1.9 1,481 1,264 1,666 1,295 6,938 6,392 8.5

 Defense search and navigation

 equipment..................................... 2,590 2,648 2,583 -2.2 2.5 -1.1 2,495 2,479 2,754 2,383 12,333 11,418 8.0

 Electromedical, measuring,

 and control instruments................. 8,581 8,637 8,536 -0.6 1.2 -1.0 8,288 7,840 9,573 8,127 40,662 39,728 2.4

 Electrical equipment, appliances, 

 and components................................... 10,056 10,045 10,151 0.1 -1.0 1.0 10,228 9,599 10,820 9,877 48,594 47,864 1.5

 Electric lighting equipment..................... 1,115 1,091 1,105 2.2 -1.3 1.2 1,081 1,037 1,131 1,026 5,222 5,209 0.2

 Household appliances........................ 1,560 1,572 1,590 -0.8 -1.1 1.3 1,634 1,519 1,725 1,705 7,570 8,053 -6.0

 Electrical equipment............................ 2,682 2,730 2,763 -1.8 -1.2 -0.4 2,747 2,529 3,133 2,889 13,411 14,135 -5.1

 Batteries........................................... 941 898 898 4.8 0.0 -1.1 919 806 878 845 4,213 4,311 -2.3

 Transportation equipment........................ 79,182 77,401 77,594 2.3 -0.2 -0.3 81,659 73,345 89,994 77,175 386,656 387,484 -0.2

 Automobiles..................................... 8,339 8,305 7,822 0.4 6.2 0.2 8,717 7,862 8,774 8,982 40,848 48,455 -15.7

 Light trucks and utility vehicles.............. 16,304 15,608 16,075 4.5 -2.9 -1.5 16,480 14,893 18,905 14,351 80,551 76,884 4.8

 Heavy duty trucks ............................. 2,455 2,324 2,265 5.6 2.6 2.3 2,680 2,258 2,558 2,447 11,342 12,261 -7.5

 Motor vehicle bodies, parts, 

 and trailers.................................... 27,467 27,384 27,143 0.3 0.9 -0.9 29,113 27,006 30,359 26,743 138,809 133,248 4.2

 Nondefense aircraft and parts................ 11,878 11,319 11,599 4.9 -2.4 2.7 11,783 9,634 14,328 12,634 54,039 57,530 -6.1

 Defense aircraft and parts.................. 4,073 3,823 3,974 6.5 -3.8 -0.4 3,947 3,240 4,994 3,760 18,218 18,346 -0.7

 Ships and boats................................. 3,211 3,103 3,150 3.5 -1.5 -0.4 3,247 3,012 3,469 3,028 15,243 15,105 0.9

 Furniture and related products.................. 6,503 6,434 6,466 1.1 -0.5 0.0 6,497 6,254 6,634 6,292 31,657 31,264 1.3

 Miscellaneous durable goods................. 12,291 12,247 12,256 0.4 -0.1 0.5 12,565 11,860 13,282 12,473 60,427 62,077 -2.7

 Nondurable goods industries..................... 235,745 237,586 237,038 -0.8 0.2 -0.3 245,721 235,634 244,446 231,196 1,167,280 1,095,040 6.6

 Food products....................................... 68,403 68,408 67,550 0.0 1.3 1.0 68,241 66,420 68,868 64,284 332,070 318,518 4.3

 Grain and oilseed milling....................... 7,482 7,463 7,468 0.3 -0.1 -1.2 7,230 6,884 7,569 6,845 36,424 35,556 2.4

 Dairy products.................................. 9,855 9,905 9,845 -0.5 0.6 -0.8 9,898 9,531 10,014 9,220 48,164 45,446 6.0

 Meat, poultry, and seafood products... 19,715 19,501 19,511 1.1 -0.1 4.3 20,139 19,429 19,633 18,990 95,142 91,688 3.8

 Beverage and tobacco products................ 13,389 13,357 13,425 0.2 -0.5 1.3 13,962 13,105 13,587 13,765 64,712 64,200 0.8

 Beverages......................................... 9,503 9,617 9,697 -1.2 -0.8 -1.1 10,076 9,365 9,859 10,530 46,505 47,816 -2.7

 Tobacco............................................ 3,886 3,740 3,728 3.9 0.3 8.1 3,886 3,740 3,728 3,235 18,207 16,384 11.1

 Textile mills........................................... 2,632 2,608 2,593 0.9 0.6 -1.9 2,749 2,654 2,750 2,572 13,113 12,575 4.3

 Textile products................................... 2,223 2,197 2,195 1.2 0.1 0.5 2,317 2,271 2,289 2,227 10,981 10,750 2.1

 Apparel................................................ 1,061 1,038 1,010 2.2 2.8 -2.7 1,001 901 944 940 4,786 4,558 5.0

 Leather and allied products...................... 384 384 384 0.0 0.0 -1.5 389 391 402 385 1,940 1,916 1.3

 Paper products...................................... 15,692 15,577 15,724 0.7 -0.9 0.6 16,231 15,005 16,276 15,713 77,266 76,803 0.6

 Pulp, paper, and paperboard mills....... 6,566 6,526 6,591 0.6 -1.0 0.4 6,682 6,294 6,774 6,551 32,377 32,531 -0.5

 Paperboard containers........................ 5,383 5,351 5,430 0.6 -1.5 0.5 5,541 5,159 5,687 5,257 26,625 25,790 3.2

 Printing................................................. 6,278 6,331 6,418 -0.8 -1.4 -2.1 6,546 6,282 6,676 7,033 31,607 33,840 -6.6

 Petroleum and coal products.................. 41,125 42,498 42,577 -3.2 -0.2 -2.2 44,740 43,419 41,146 37,690 205,849 155,520 32.4

 Petroleum refineries.......................... 37,093 38,407 38,596 -3.4 -0.5 -2.8 40,353 39,544 37,298 33,783 187,767 139,238 34.9

 Chemical products..................................... 64,594 65,253 65,262 -1.0 0.0 -0.3 68,422 65,470 70,435 65,981 326,086 317,546 2.7

 Pesticides, fertilizers, and other

 agricultural chemicals....................... 2,722 2,799 2,911 -2.8 -3.8 -3.5 3,442 3,743 4,128 4,286 17,031 20,025 -15.0

 Pharmaceuticals and medicines............. 21,886 21,872 21,535 0.1 1.6 -0.7 23,130 21,337 22,717 20,955 107,564 101,278 6.2

 Paints, coatings, and adhesives.......... 3,812 3,756 3,714 1.5 1.1 0.9 4,336 4,022 4,105 3,987 18,961 18,210 4.1

 Plastics and rubber products.................. 19,964 19,935 19,900 0.1 0.2 -0.9 21,123 19,716 21,073 20,606 98,870 98,814 0.1

Year to date

p

 Preliminary 

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

1

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

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

of the latest annual review of the model parameters. Estimates are not adjusted for price changes. 2

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

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

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

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

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, May Full Report, July 5, 2017. Information on data sources and methodology can be found on our website at 

<www.census.gov/manufacturing/m3/how_the_data_are_collected/index.html>. 
Table 2. Value of Manufacturers' New Orders for Industry Groups1

[Estimates are shown in millions of dollars and are based on data from the Manufacturers' Shipments, Inventories, and Orders Survey.] 

Seasonally Adjusted Not Seasonally Adjusted 

Monthly Percent Change Monthly

Industry % Change

May Apr. Mar. Apr. - Mar. - Feb. - May Apr. Mar. May 2017/

2017p 2017r 2017 May Apr. Mar. 2017p 2017r 2017 2016 2017p 2016 2016

All manufacturing industries2........................ 464,862 468,572 469,855 -0.8 -0.3 1.0 477,427 457,343 504,579 450,461 2,298,305 2,193,474 4.8

 Excluding transportation2

...................... 388,973 390,332 390,342 -0.3 0.0 0.2 403,512 386,218 412,355 377,785 1,928,583 1,822,545 5.8

 Excluding defense2

.............................. 453,571 455,999 457,160 -0.5 -0.3 0.4 468,628 445,604 488,659 443,232 2,243,138 2,139,413 4.8

 With unfilled orders2............................. 163,563 166,284 168,079 -1.6 -1.1 3.5 163,351 158,045 188,495 154,716 808,477 773,798 4.5

 Durable goods industries2

......................... 229,117 230,986 232,817 -0.8 -0.8 2.4 231,706 221,709 260,133 219,265 1,131,025 1,098,434 3.0

 Primary metals........................................ 19,533 19,408 19,366 0.6 0.2 0.8 20,197 19,289 20,896 17,706 98,290 89,390 10.0

 Iron and steel mills.............................. 9,193 8,950 9,071 2.7 -1.3 3.2 9,605 8,945 9,737 8,389 45,894 42,743 7.4

 Aluminum and nonferrous metals.......... 8,997 9,196 8,984 -2.2 2.4 -1.5 9,189 9,109 9,745 7,870 45,754 39,281 16.5

 Ferrous metal foundries....................... 1,343 1,262 1,311 6.4 -3.7 -0.4 1,403 1,235 1,414 1,447 6,642 7,366 -9.8

 Fabricated metal products........................ 31,866 31,859 32,188 0.0 -1.0 5.2 33,900 31,718 34,887 30,752 159,976 148,673 7.6

 Machinery............................................. 31,183 30,838 30,936 1.1 -0.3 0.7 32,088 31,135 34,885 28,423 156,933 150,052 4.6

 Construction machinery........................ 1,937 1,919 2,337 0.9 -17.9 18.0 1,812 2,061 2,679 1,520 10,670 9,507 12.2

 Mining, oil field, and

 gas field machinery.......................... 1,003 924 990 8.5 -6.7 2.5 968 766 1,024 250 4,617 4,418 4.5

 Industrial machinery............................ 2,983 2,877 2,806 3.7 2.5 -0.2 2,751 2,757 3,274 2,283 13,965 12,919 8.1

 Photographic equipment....................... 528 545 561 -3.1 -2.9 1.4 501 486 634 540 2,584 2,648 -2.4

 Ventilation, heating, air-conditioning,

 and refrigeration equipment............... 3,812 3,792 3,931 0.5 -3.5 3.3 4,167 3,593 4,472 3,783 18,697 17,567 6.4

 Metalworking machinery....................... 2,988 2,994 2,956 -0.2 1.3 1.3 2,995 2,834 3,068 2,612 14,232 13,939 2.1

 Turbines, generators, and other 

 power transmission equipment........... 3,974 3,787 3,785 4.9 0.1 1.3 4,102 4,030 3,838 3,626 19,453 19,084 1.9

 Material handling equipment.................. 2,758 2,843 2,858 -3.0 -0.5 -0.8 2,886 2,682 3,233 2,819 14,365 13,350 7.6

 Computers and electronic products2

........... 22,099 22,133 21,910 -0.2 1.0 -2.3 20,926 20,364 25,565 21,017 106,438 104,191 2.2

 Computers........................................ 743 759 754 -2.1 0.7 -14.1 687 709 788 721 3,471 3,256 6.6

 Nondefense communications

 equipment...................................... 2,788 2,901 2,770 -3.9 4.7 -8.5 2,366 2,781 3,308 2,607 13,988 13,443 4.1

 Defense communications equipment....... 239 222 245 7.7 -9.4 5.6 220 223 318 227 1,183 1,237 -4.4

 Electronic components......................... 4,000 4,013 4,032 -0.3 -0.5 -0.5 4,114 3,923 4,129 3,922 19,465 18,178 7.1

 Nondefense search and navigation

 equipment...................................... 1,540 1,485 1,436 3.7 3.4 8.0 1,498 1,464 1,676 1,277 7,384 6,751 9.4

 Defense search and navigation

 equipment...................................... 2,460 2,354 2,482 4.5 -5.2 1.5 2,176 2,285 3,101 2,368 11,997 12,807 -6.3

 Electromedical, measuring,

 and control instruments..................... 8,639 8,668 8,517 -0.3 1.8 -1.6 8,372 7,687 10,115 8,328 41,357 40,494 2.1

 Electrical equipment, appliances, 

 and components................................... 10,209 10,112 10,339 1.0 -2.2 1.1 10,309 9,506 11,132 9,874 50,232 49,625 1.2

 Electric lighting equipment..................... 1,117 1,121 1,099 -0.4 2.0 -0.5 1,093 1,073 1,132 1,030 5,366 5,321 0.8

 Household appliances.......................... 1,578 1,571 1,584 0.4 -0.8 -1.6 1,652 1,554 1,732 1,692 7,648 8,036 -4.8

 Electrical equipment............................ 2,707 2,755 2,804 -1.7 -1.7 -2.3 2,771 2,580 3,160 2,868 13,925 14,384 -3.2

 Transportation equipment........................ 75,889 78,240 79,513 -3.0 -1.6 5.4 73,915 71,125 92,224 72,676 369,722 370,929 -0.3

 Motor vehicle bodies, parts, 

 and trailers..................................... 27,633 27,603 27,362 0.1 0.9 -1.4 29,291 26,899 30,485 26,934 139,972 132,298 5.8

 Nondefense aircraft and parts................ 9,825 11,113 12,653 -11.6 -12.2 15.4 7,017 6,472 15,320 11,984 39,394 44,234 -10.9

 Defense aircraft and parts.................... 3,717 5,372 4,995 -30.8 7.5 42.9 2,917 5,154 5,919 2,176 20,392 20,074 1.6

 Ships and boats.................................. 2,898 3,098 3,035 -6.5 2.1 82.1 2,634 2,784 3,191 1,512 13,187 12,156 8.5

 Furniture and related products................... 6,366 6,366 6,454 0.0 -1.4 -3.3 6,578 6,717 7,170 6,629 33,565 33,168 1.2

 Nondurable goods industries..................... 235,745 237,586 237,038 -0.8 0.2 -0.3 245,721 235,634 244,446 231,196 1,167,280 1,095,040 6.6

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, May Full Report, July 5, 2017. Information on data sources and methodology can be found on our website at 

<www.census.gov/manufacturing/m3/how_the_data_are_collected/index.html>. 
Table 3. Value of Manufacturers' Unfilled Orders for Industry Groups1

[Estimates are shown in millions of dollars and are based on data from the Manufacturers' Shipments, Inventories, and Orders Survey.] 

Seasonally Adjusted Not Seasonally Adjusted

Monthly Percent Change Monthly % Change

Industry May

May Apr. Mar. Apr. - Mar. - Feb. - May Apr. Mar. May 2017/

2017p 2017r 2017 May Apr. Mar. 2017p 2017r 2017 2016 2016

All manufacturing industries2...................... 1,120,161 1,122,428 1,120,560 -0.2 0.2 0.3 1,124,266 1,131,635 1,131,164 1,140,392 -1.4

 Excluding transportation2...................... 357,256 356,230 355,201 0.3 0.3 0.4 363,121 362,746 360,055 351,822 3.2

 Excluding defense2

............................. 943,527 944,817 943,451 -0.1 0.1 0.3 947,317 951,714 952,047 963,871 -1.7

 Durable goods industries2........................ 1,120,161 1,122,428 1,120,560 -0.2 0.2 0.3 1,124,266 1,131,635 1,131,164 1,140,392 -1.4

 Primary metals........................................ 30,029 29,859 29,623 0.6 0.8 0.7 30,440 30,674 30,456 29,218 4.2

 Iron and steel mills............................... 14,454 14,426 14,546 0.2 -0.8 0.4 14,912 14,999 15,076 14,482 3.0

 Aluminum and nonferrous metals............. 11,523 11,416 11,053 0.9 3.3 1.1 11,383 11,552 11,248 10,802 5.4

 Ferrous metal foundries........................ 4,052 4,017 4,024 0.9 -0.2 0.3 4,145 4,123 4,132 3,934 5.4

 Fabricated metal products......................... 77,314 77,013 76,330 0.4 0.9 1.3 79,322 78,444 77,248 77,912 1.8

 Machinery.............................................. 98,905 98,522 98,458 0.4 0.1 0.3 100,055 100,077 99,687 98,319 1.8

 Construction machinery......................... 5,174 5,220 5,298 -0.9 -1.5 6.8 5,411 5,706 5,704 5,449 -0.7

 Mining, oil field, and

 gas field machinery.......................... 5,109 5,117 5,176 -0.2 -1.1 0.3 5,049 5,079 5,226 5,646 -10.6

 Industrial machinery............................. 8,244 8,104 8,155 1.7 -0.6 -0.8 8,326 8,320 8,253 9,128 -8.8

 Photographic equipment........................ 1,323 1,364 1,403 -3.0 -2.8 -0.3 1,335 1,383 1,407 1,282 4.1

 Ventilation, heating, air-conditioning,

 and refrigeration equipment................ 5,949 5,904 5,895 0.8 0.2 1.7 6,197 6,140 6,111 5,882 5.4

 Metalworking machinery........................ 8,002 7,930 7,925 0.9 0.1 -0.2 8,121 8,080 7,920 8,225 -1.3

 Turbines, generators, and other 

 power transmission equipment............ 29,592 29,643 29,790 -0.2 -0.5 -0.2 29,530 29,679 29,727 29,198 1.1

 Material handling equipment................... 11,679 11,727 11,692 -0.4 0.3 0.8 11,948 11,962 11,938 11,052 8.1

 Computers and electronic products2............. 117,706 117,570 117,529 0.1 0.0 -0.1 118,815 119,244 118,733 115,107 3.2

 Computers......................................... 1,772 1,773 1,757 -0.1 0.9 0.2 1,772 1,773 1,757 1,655 7.1

 Nondefense communications

 equipment...................................... 25,379 25,340 25,161 0.2 0.7 0.0 25,692 25,949 25,473 23,369 9.9

 Defense communications equipment........ 1,585 1,587 1,597 -0.1 -0.6 0.4 1,593 1,605 1,614 1,644 -3.1

 Electronic components.......................... 11,450 11,385 11,290 0.6 0.8 -0.1 11,572 11,513 11,338 11,125 4.0

 Nondefense search and navigation

 equipment....................................... 18,330 18,223 18,199 0.6 0.1 0.1 18,406 18,389 18,189 17,493 5.2

 Defense search and navigation

 equipment....................................... 27,341 27,471 27,765 -0.5 -1.1 -0.4 27,567 27,886 28,080 28,758 -4.1

 Electromedical, measuring,

 and control instruments...................... 31,849 31,791 31,760 0.2 0.1 -0.1 32,213 32,129 32,282 31,063 3.7

 Electrical equipment, appliances, 

 and components.................................... 22,910 22,757 22,690 0.7 0.3 0.8 23,275 23,194 23,287 20,603 13.0

 Electric lighting equipment..................... 1,536 1,534 1,504 0.1 2.0 -0.4 1,575 1,563 1,527 1,568 0.4

 Household appliances........................... 1,096 1,078 1,079 1.7 -0.1 -0.6 1,137 1,119 1,084 968 17.5

 Electrical equipment............................. 8,585 8,560 8,535 0.3 0.3 0.5 8,665 8,641 8,590 8,085 7.2

 Transportation equipment......................... 762,905 766,198 765,359 -0.4 0.1 0.3 761,145 768,889 771,109 788,570 -3.5

 Motor vehicle bodies, parts, 

 and trailers...................................... 23,761 23,595 23,376 0.7 0.9 0.9 24,063 23,885 23,992 23,361 3.0

 Nondefense aircraft and parts................ 571,238 573,291 573,497 -0.4 0.0 0.2 569,134 573,900 577,062 596,997 -4.7

 Defense aircraft and parts..................... 73,237 73,593 72,044 -0.5 2.2 1.4 73,574 74,604 72,690 68,812 6.9

 Ships and boats.................................. 23,379 23,692 23,697 -1.3 0.0 -0.5 23,575 24,188 24,416 24,242 -2.8

 Furniture and related products................... 9,652 9,789 9,857 -1.4 -0.7 -0.1 10,474 10,393 9,930 9,949 5.3

p

 Preliminary 

r

 Revised data due to late receipts and concurrent seasonal adjustment. 

1

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

shipments and new orders include adjusted data for non-calendar reporters. Seasonally adjusted estimates include concurrent adjustments for holiday and trading-day differences, where appropriate, 

as well as seasonal variation, based on the results of the latest annual review of the model parameters. Estimates are not adjusted for price changes. 2

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

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

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

data limitations see <http://www.census.gov/manufacturing/m3/>. 

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, May Full Report, July 5, 2017. Information on data sources and methodology can be found on our website 

at <www.census.gov/manufacturing/m3/how_the_data_are_collected/index.html>.
Table 4. Value of Manufacturers' Inventories for Industry Groups1

[Estimates are shown in millions of dollars and are based on data from the Manufacturers' Shipments, Inventories, and Orders Survey.] 

Seasonally Adjusted Not Seasonally Adjusted

Monthly Percent Change Monthly % Change

Industry May

May Apr. Mar. Apr. - Mar. - Feb. - May Apr. Mar. May 2017/

2017p 2017r 2017 May Apr. Mar. 2017p 2017r 2017 2016 2016

 All manufacturing industries...................... 648,904 649,250 649,198 -0.1 0.0 0.2 654,356 653,441 646,595 640,235 2.2

 Excluding transportation........................ 519,393 519,703 519,794 -0.1 0.0 0.3 523,950 523,017 516,961 507,576 3.2

 Excluding defense............................. 622,040 622,409 623,169 -0.1 -0.1 0.2 627,326 626,563 620,504 613,783 2.2

 With unfilled orders............................. 322,083 321,217 320,544 0.3 0.2 0.2 325,175 323,128 319,787 320,753 1.4

 Durable goods industries........................ 395,767 394,856 393,902 0.2 0.2 0.3 399,256 397,120 393,283 392,497 1.7

 Wood products........................................ 11,702 11,640 11,567 0.5 0.6 0.8 11,575 11,574 11,822 10,797 7.2

 Nonmetallic mineral products..................... 13,180 13,125 13,071 0.4 0.4 0.0 13,483 13,440 13,314 13,233 1.9

 Primary metals......................................... 33,080 32,802 32,379 0.8 1.3 1.0 32,982 32,758 32,194 30,629 7.7

 Iron and steel mills............................... 18,761 18,518 18,184 1.3 1.8 1.1 18,551 18,301 18,024 16,925 9.6

 Aluminum and nonferrous metals............ 12,395 12,359 12,287 0.3 0.6 1.1 12,472 12,480 12,227 11,685 6.7

 Ferrous metal foundries........................ 1,924 1,925 1,908 -0.1 0.9 -0.6 1,959 1,977 1,943 2,019 -3.0

 Fabricated metal products......................... 48,647 48,452 48,182 0.4 0.6 0.0 49,070 48,892 48,486 48,061 2.1

 Machinery.............................................. 67,539 67,446 67,340 0.1 0.2 0.9 68,520 67,804 67,135 66,100 3.7

 Farm machinery.................................. 3,566 3,604 3,622 -1.1 -0.5 3.7 3,656 3,638 3,767 3,381 8.1

 Construction machinery......................... 5,161 5,130 5,109 0.6 0.4 -1.0 5,150 5,186 5,147 5,303 -2.9

 Mining, oil field, 

 and gas field machinery.................... 7,703 7,857 7,866 -2.0 -0.1 -0.1 7,811 7,935 7,875 7,186 8.7

 Industrial machinery............................. 7,668 7,555 7,580 1.5 -0.3 2.0 7,720 7,452 7,715 7,200 7.2

 Photographic equipment....................... 1,369 1,377 1,364 -0.6 1.0 -1.2 1,363 1,347 1,307 1,379 -1.2

 Ventilation, heating, air-conditioning,

 and refrigeration equipment............... 5,105 5,088 4,998 0.3 1.8 2.0 5,412 5,373 5,106 4,889 10.7

 Metalworking machinery........................ 5,794 5,770 5,700 0.4 1.2 -0.6 5,829 5,745 5,641 5,659 3.0

 Turbines, generators, and other

 power transmission equipment............ 9,593 9,462 9,549 1.4 -0.9 4.7 9,806 9,504 9,176 9,473 3.5

 Material handling equipment.................. 4,901 4,901 4,917 0.0 -0.3 0.9 4,969 4,910 4,846 4,709 5.5

 Computers and electronic products2

............ 44,344 44,167 44,107 0.4 0.1 0.2 45,098 44,425 43,370 44,208 2.0

 Computers......................................... 1,724 1,738 1,773 -0.8 -2.0 -0.3 1,762 1,707 1,667 1,570 12.2

 Computer storage devices.................... 1,434 1,445 1,447 -0.8 -0.1 0.8 1,461 1,425 1,330 1,385 5.5

 Other peripheral equipment................... 1,193 1,211 1,217 -1.5 -0.5 3.0 1,253 1,237 1,164 1,205 4.0

 Nondefense communications

 equipment...................................... 4,084 4,065 4,007 0.5 1.4 -0.2 4,145 4,040 3,953 4,087 1.4

 Defense communications equipment........ 570 571 563 -0.2 1.4 -0.9 570 571 563 590 -3.4

 Audio and video equipment.................... 741 736 767 0.7 -4.0 4.4 686 684 679 607 13.0

 Electronic components.......................... 7,767 7,687 7,620 1.0 0.9 0.4 7,857 7,900 7,570 7,353 6.9

 Nondefense search and navigation

 equipment...................................... 3,083 3,086 3,076 -0.1 0.3 0.4 3,091 3,104 3,041 3,089 0.1

 Defense search and navigation

 equipment....................................... 3,092 3,093 3,126 0.0 -1.1 0.3 3,196 3,139 3,115 3,060 4.4

 Electromedical, measuring 

 and control instruments...................... 14,411 14,378 14,442 0.2 -0.4 0.3 14,695 14,398 14,182 14,824 -0.9

 Electrical equipment, appliances, 

 and components.................................... 17,458 17,385 17,461 0.4 -0.4 1.3 17,798 17,613 17,397 17,339 2.6

 Electric lighting equipment..................... 2,149 2,132 2,113 0.8 0.9 -0.1 2,180 2,150 2,081 2,071 5.3

 Household appliances........................... 2,398 2,399 2,415 0.0 -0.7 0.0 2,441 2,454 2,423 2,419 0.9

 Electrical equipment............................. 4,848 4,838 4,837 0.2 0.0 0.2 4,983 4,916 4,790 5,100 -2.3

 Batteries............................................ 1,738 1,755 1,773 -1.0 -1.0 2.8 1,795 1,780 1,738 1,793 0.1

 Transportation equipment......................... 129,511 129,547 129,404 0.0 0.1 -0.2 130,406 130,424 129,634 132,659 -1.7

 Automobiles....................................... 4,310 4,318 4,314 -0.2 0.1 2.1 4,230 4,385 4,309 4,149 2.0

 Light trucks and utility vehicles.............. 3,682 3,654 3,474 0.8 5.2 1.0 3,593 3,581 3,428 3,490 3.0

 Heavy duty trucks ............................... 2,023 2,058 2,033 -1.7 1.2 1.5 2,109 2,108 2,054 2,082 1.3

 Motor vehicle bodies, parts, 

 and trailers...................................... 24,440 24,199 24,101 1.0 0.4 -0.4 24,436 24,167 24,185 24,489 -0.2

 Nondefense aircraft and parts................ 66,502 66,749 67,714 -0.4 -1.4 0.1 67,534 67,693 67,926 70,676 -4.4

 Defense aircraft and parts..................... 12,842 12,893 12,098 -0.4 6.6 -1.0 12,883 12,892 12,060 11,978 7.6

 Ships and boats.................................. 3,446 3,426 3,340 0.6 2.6 1.8 3,361 3,387 3,423 3,371 -0.3

 Furniture and related products.................... 7,645 7,574 7,629 0.9 -0.7 0.7 7,722 7,505 7,453 7,379 4.6

 Miscellaneous durable goods..................... 22,661 22,718 22,762 -0.3 -0.2 0.0 22,602 22,685 22,478 22,092 2.3

 Nondurable goods industries...................... 253,137 254,394 255,296 -0.5 -0.4 0.0 255,100 256,321 253,312 247,738 3.0

 Food products........................................ 55,594 55,533 55,815 0.1 -0.5 -0.2 54,219 54,433 54,564 53,205 1.9

 Grain and oilseed milling........................ 5,643 5,627 5,682 0.3 -1.0 -0.8 5,349 5,574 5,679 5,242 2.0

 Dairy products.................................... 8,251 8,262 8,326 -0.1 -0.8 -0.2 8,537 8,497 8,328 7,803 9.4

 Meat, poultry, and seafood products....... 8,999 9,056 9,242 -0.6 -2.0 0.1 9,023 9,067 9,243 9,340 -3.4

 Beverage and tobacco products................ 23,456 23,436 23,546 0.1 -0.5 -0.1 23,295 23,570 23,604 23,345 -0.2

 Beverages......................................... 19,014 19,012 19,144 0.0 -0.7 -0.2 18,970 19,211 19,150 19,002 -0.2

 Tobacco............................................ 4,442 4,424 4,402 0.4 0.5 0.5 4,325 4,359 4,454 4,343 -0.4

 Textile mills............................................ 3,191 3,222 3,193 -1.0 0.9 1.3 3,226 3,236 3,177 3,194 1.0

 Textile products...................................... 3,403 3,400 3,375 0.1 0.7 0.0 3,419 3,419 3,397 3,339 2.4

 Apparel................................................. 2,075 2,104 2,122 -1.4 -0.8 0.5 2,053 2,046 2,027 2,207 -7.0

 Leather and allied products....................... 799 799 803 0.0 -0.5 1.5 814 791 779 820 -0.7

 Paper products....................................... 15,504 15,569 15,570 -0.4 0.0 -0.1 15,496 15,671 15,651 15,597 -0.6

 Pulp, paper, and paperboard mills........... 6,211 6,260 6,243 -0.8 0.3 0.2 6,239 6,333 6,301 6,260 -0.3

 Paperboard containers......................... 4,827 4,826 4,845 0.0 -0.4 -0.4 4,824 4,857 4,874 4,875 -1.0

 Printing.................................................. 5,390 5,415 5,470 -0.5 -1.0 -0.3 5,346 5,466 5,440 5,515 -3.1

 Petroleum and coal products..................... 35,083 36,435 36,959 -3.7 -1.4 -1.8 36,864 37,827 34,750 32,069 15.0

 Petroleum refineries............................. 30,471 31,784 32,388 -4.1 -1.9 -2.1 32,180 33,179 30,244 27,403 17.4

 Chemical products..................................... 83,383 83,244 83,200 0.2 0.1 0.7 84,677 84,153 84,231 83,053 2.0

 Pesticides, fertilizers, and other

 agricultural chemicals........................ 4,284 4,241 4,185 1.0 1.3 0.9 4,152 4,302 4,485 3,988 4.1

 Pharmaceuticals and medicines.............. 34,740 34,714 35,019 0.1 -0.9 0.8 35,454 35,080 35,425 35,714 -0.7

 Paints, coatings, and adhesives.............. 3,817 3,807 3,777 0.3 0.8 0.6 3,916 3,964 3,901 3,710 5.6

 Plastics and rubber products..................... 25,259 25,237 25,243 0.1 0.0 0.4 25,691 25,709 25,692 25,394 1.2

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, May Full Report, July 5, 2017. Information on data sources and methodology can be found on our website at 

<www.census.gov/manufacturing/m3/how_the_data_are_collected/index.html>. 
Table 5. Value of Manufacturers' Shipments, New Orders, Unfilled Orders, and Total Inventories for 

 Topical Series1, 2

[Estimates are shown in millions of dollars and are based on data from the Manufacturers' Shipments, Inventories, and Orders Survey.] 

Seasonally Adjusted Not Seasonally Adjusted

Monthly Percent Change Monthly Year to date

Industry % Change6

May Apr. Mar. Apr. - Mar. - Feb. - May Apr. Mar. May 2017/

2017p 2017r 2017 May Apr. Mar. 2017p 2017r 2017 2016 2017p 2016 2016

SHIPMENTS

 All manufacturing industries................... 471,513 470,922 470,776 0.1 0.0 -0.2 488,349 460,979 501,901 458,705 2,318,360 2,216,393 4.6

 Construction materials and supplies....... 49,649 49,406 49,539 0.5 -0.3 0.0 53,237 49,168 51,047 49,608 239,907 229,494 4.5

 Information technology......................... 22,355 22,512 22,342 -0.7 0.8 -0.6 21,696 20,323 25,038 20,784 105,391 100,817 4.5

 Computers and related products........... 1,946 1,983 1,916 -1.9 3.5 -9.0 1,715 1,566 2,415 1,800 8,701 8,921 -2.5

 Motor vehicle and parts......................... 54,565 53,621 53,305 1.8 0.6 -0.8 56,990 52,019 60,596 52,523 271,550 270,848 0.3

 Capital goods...................................... 80,593 80,080 80,086 0.6 0.0 0.1 81,047 75,252 90,701 78,066 387,016 381,512 1.4

 Nondefense capital goods3

.................. 70,339 69,868 70,020 0.7 -0.2 0.7 71,150 65,836 79,135 69,188 338,092 337,410 0.2

 Excluding aircraft............................. 62,758 62,722 62,616 0.1 0.2 0.2 63,468 60,026 69,821 60,764 304,896 301,963 1.0

 Defense capital goods4

........................ 10,254 10,212 10,066 0.4 1.5 -3.9 9,897 9,416 11,566 8,878 48,924 44,102 10.9

 Consumer goods.................................. 194,606 194,966 194,020 -0.2 0.5 -0.2 201,198 191,679 200,905 185,278 957,163 891,396 7.4

 Consumer durable goods..................... 37,839 37,016 37,030 2.2 0.0 -0.6 38,972 35,830 42,052 36,896 187,092 191,990 -2.6

 Consumer nondurable goods................ 156,767 157,950 156,990 -0.7 0.6 -0.1 162,226 155,849 158,853 148,382 770,071 699,406 10.1

 All manufacturing industries5

................... 464,862 468,572 469,855 -0.8 -0.3 1.0 477,427 457,343 504,579 450,461 2,298,305 2,193,474 4.8

 Construction materials and supplies....... 49,844 49,932 50,660 -0.2 -1.4 3.2 54,133 50,182 52,987 50,348 244,787 232,679 5.2

 Information technology......................... 22,493 22,432 22,393 0.3 0.2 -1.2 21,187 20,420 26,300 21,074 108,637 106,234 2.3

 Computers and related products........... 1,945 1,999 1,919 -2.7 4.2 -11.4 1,714 1,582 2,418 1,804 8,784 8,897 -1.3

 Motor vehicle and parts......................... 54,731 53,840 53,524 1.7 0.6 -1.1 57,168 51,912 60,722 52,714 272,713 269,898 1.0

 Capital goods...................................... 77,745 80,029 81,594 -2.9 -1.9 4.7 73,481 74,062 94,937 73,228 379,483 376,375 0.8

 Nondefense capital goods3

.................. 68,572 70,041 71,771 -2.1 -2.4 1.9 66,374 64,742 82,060 67,162 335,218 329,766 1.7

 Excluding aircraft............................. 63,139 63,019 62,850 0.2 0.3 0.0 63,218 61,154 71,518 59,115 314,217 306,853 2.4

 Defense capital goods4

........................ 9,173 9,988 9,823 -8.2 1.7 30.6 7,107 9,320 12,877 6,066 44,265 46,609 -5.0

 Consumer goods.................................. 194,577 195,000 194,019 -0.2 0.5 -0.3 201,083 191,785 200,922 185,225 957,611 891,741 7.4

 Consumer durable goods..................... 37,810 37,050 37,029 2.1 0.1 -0.9 38,857 35,936 42,069 36,843 187,540 192,335 -2.5

 Consumer nondurable goods.............. 156,767 157,950 156,990 -0.7 0.6 -0.1 162,226 155,849 158,853 148,382 770,071 699,406 10.1

 All manufacturing industries5

................... 1,120,161 1,122,428 1,120,560 -0.2 0.2 0.3 1,124,266 1,131,635 1,131,164 1,140,392 (X) (X) -1.4

 Construction materials and supplies....... 52,018 51,823 51,297 0.4 1.0 2.2 53,555 52,659 51,645 51,642 (X) (X) 3.7

 Information technology......................... 119,272 119,134 119,214 0.1 -0.1 0.0 120,476 120,985 120,888 115,246 (X) (X) 4.5

 Computers and related products........... 1,772 1,773 1,757 -0.1 0.9 0.2 1,772 1,773 1,757 1,655 (X) (X) 7.1

 Motor vehicle and parts......................... 23,761 23,595 23,376 0.7 0.9 0.9 24,063 23,885 23,992 23,361 (X) (X) 3.0

 Capital goods...................................... 835,374 838,222 838,273 -0.3 0.0 0.2 836,644 844,210 845,400 855,135 (X) (X) -2.2

 Nondefense capital goods3

.................. 694,945 696,712 696,539 -0.3 0.0 0.3 695,815 700,591 701,685 711,292 (X) (X) -2.2

 Excluding aircraft............................. 225,877 225,496 225,199 0.2 0.1 0.1 228,886 229,136 228,008 221,554 (X) (X) 3.3

 Defense capital goods4........................ 140,429 141,510 141,734 -0.8 -0.2 -0.2 140,829 143,619 143,715 143,843 (X) (X) -2.1

 Consumer goods.................................. 5,246 5,275 5,241 -0.5 0.6 0.0 5,452 5,567 5,461 5,121 (X) (X) 6.5

 Consumer durable goods..................... 5,246 5,275 5,241 -0.5 0.6 0.0 5,452 5,567 5,461 5,121 (X) (X) 6.5

 All manufacturing industries................... 648,904 649,250 649,198 -0.1 0.0 0.2 654,356 653,441 646,595 640,235 (X) (X) 2.2

 Construction materials and supplies....... 66,245 65,921 65,401 0.5 0.8 0.2 67,149 66,847 66,193 64,882 (X) (X) 3.5

 Information technology......................... 38,230 38,167 38,317 0.2 -0.4 0.7 38,823 38,170 37,570 37,980 (X) (X) 2.2

 Computers and related products........... 4,351 4,394 4,437 -1.0 -1.0 0.9 4,476 4,369 4,161 4,160 (X) (X) 7.6

 Motor vehicle and parts......................... 34,455 34,229 33,922 0.7 0.9 0.1 34,368 34,241 33,976 34,210 (X) (X) 0.5

 Capital goods...................................... 199,336 199,246 199,648 0.0 -0.2 0.4 201,892 200,410 198,960 200,220 (X) (X) 0.8

 Nondefense capital goods3

.................. 176,889 176,809 177,975 0.0 -0.7 0.5 179,320 177,935 177,187 178,887 (X) (X) 0.2

 Excluding aircraft............................. 121,814 121,713 121,882 0.1 -0.1 0.7 123,349 121,944 120,698 119,814 (X) (X) 3.0

 Defense capital goods4........................ 22,447 22,437 21,673 0.0 3.5 -0.9 22,572 22,475 21,773 21,333 (X) (X) 5.8

 Consumer goods.................................. 192,987 194,279 195,437 -0.7 -0.6 -0.2 193,548 194,888 191,987 187,630 (X) (X) 3.2

 Consumer durable goods..................... 29,224 29,195 29,126 0.1 0.2 0.6 28,948 29,093 28,740 28,386 (X) (X) 2.0

 Consumer nondurable goods................ 163,763 165,084 166,311 -0.8 -0.7 -0.3 164,600 165,795 163,247 159,244 (X) (X) 3.4

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, May Full Report, July 5, 2017. Information on data sources and methodology can be found on our website at 

<www.census.gov/manufacturing/m3/how_the_data_are_collected/index.html>. 
Table 6. Value of Manufacturers' Inventories, by Stage of Fabrication, by Industry Group1 

[Estimates are shown in millions of dollars and are based on data from the Manufacturers' Shipments, Inventories, and Orders Survey.] 

Seasonally Adjusted Not Seasonally Adjusted

Monthly Percent Change Monthly % Change

Industry May

May Apr. Mar. Apr. - Mar. - Feb. - May Apr. Mar. May 2017/

2017p 2017r 2017 May Apr. Mar. 2017p 2017r 2017 2016 2016

MATERIALS AND SUPPLIES

 All manufacturing industries....................... 222,512 221,939 220,238 0.3 0.8 0.8 223,288 222,201 219,315 215,630 3.6

 Durable goods industries.......................... 134,042 133,420 132,217 0.5 0.9 0.9 133,873 133,071 131,668 129,123 3.7

 Wood products................................... 4,826 4,814 4,785 0.2 0.6 0.0 4,519 4,562 4,734 4,177 8.2

 Nonmetallic mineral products................. 5,452 5,416 5,432 0.7 -0.3 0.9 5,488 5,454 5,453 5,372 2.2

 Primary metals.................................... 12,742 12,374 12,139 3.0 1.9 0.9 12,458 11,975 11,939 11,135 11.9

 Fabricated metal products........................ 17,902 17,783 17,706 0.7 0.4 1.0 17,840 17,756 17,715 17,528 1.8

 Machinery.......................................... 23,412 23,448 23,586 -0.2 -0.6 1.0 23,696 23,538 23,495 24,485 -3.2

 Computers and electronic products........ 18,165 18,035 17,941 0.7 0.5 0.5 18,398 18,071 17,764 17,589 4.6

 Electrical equipment, appliances,

 and components............................... 7,001 6,976 6,994 0.4 -0.3 1.9 7,081 7,028 6,946 7,003 1.1

 Transportation equipment..................... 33,096 33,140 32,296 -0.1 2.6 1.0 32,909 33,317 32,446 30,582 7.6

 Furniture and related products............... 3,664 3,674 3,663 -0.3 0.3 0.2 3,679 3,662 3,628 3,554 3.5

 Miscellaneous products......................... 7,782 7,760 7,675 0.3 1.1 0.2 7,805 7,708 7,548 7,698 1.4

 Nondurable goods industries...................... 88,470 88,519 88,021 -0.1 0.6 0.6 89,415 89,130 87,647 86,507 3.4

 Food products.................................... 19,822 19,660 19,515 0.8 0.7 0.0 19,486 19,385 19,190 19,281 1.1

 Beverage and tobacco products................... 5,810 5,770 5,799 0.7 -0.5 -0.1 5,779 5,834 5,916 6,020 -4.0

 Textiles.............................................. 1,128 1,131 1,114 -0.3 1.5 0.0 1,134 1,133 1,114 1,131 0.3

 Textile products................................... 1,268 1,247 1,241 1.7 0.5 -0.8 1,272 1,244 1,245 1,300 -2.2

 Apparel............................................. 574 582 581 -1.4 0.2 -0.9 573 574 565 608 -5.8

 Leather and allied products.................... 232 226 228 2.7 -0.9 -0.9 234 222 221 241 -2.9

 Paper products.................................... 7,620 7,647 7,657 -0.4 -0.1 -0.1 7,578 7,652 7,719 7,718 -1.8

 Printing ............................................. 2,594 2,623 2,615 -1.1 0.3 -1.0 2,575 2,634 2,597 2,721 -5.4

 Petroleum and coal products................. 10,037 10,596 10,733 -5.3 -1.3 -0.5 10,842 11,076 10,193 10,003 8.4

 Chemical products................................ 29,107 28,793 28,242 1.1 2.0 2.1 29,640 29,081 28,509 27,177 9.1

 Plastics and rubber products.................. 10,278 10,244 10,296 0.3 -0.5 0.7 10,302 10,295 10,378 10,307 0.0

WORK IN PROCESS

 All manufacturing industries....................... 200,050 200,037 200,350 0.0 -0.2 -0.3 202,259 201,685 200,122 201,353 0.4

 Durable goods industries.......................... 150,468 150,387 150,843 0.1 -0.3 -0.1 152,311 151,693 150,789 154,164 -1.2

 Wood products................................... 1,978 2,031 2,049 -2.6 -0.9 0.7 1,987 2,079 2,101 1,928 3.1

 Nonmetallic mineral products................. 1,455 1,465 1,460 -0.7 0.3 -0.1 1,506 1,520 1,519 1,502 0.3

 Primary metals.................................... 9,376 9,502 9,427 -1.3 0.8 2.3 9,420 9,615 9,368 9,257 1.8

 Fabricated metal products........................ 13,067 12,995 12,871 0.6 1.0 -0.2 13,142 12,997 12,860 12,591 4.4

 Machinery.......................................... 21,122 21,065 20,894 0.3 0.8 1.3 21,409 21,035 20,662 19,390 10.4

 Computers and electronic products........ 13,983 13,964 13,877 0.1 0.6 -0.6 14,428 14,279 13,752 14,328 0.7

 Electrical equipment, appliances,

 and components............................... 3,884 3,883 3,913 0.0 -0.8 0.8 3,976 3,939 3,896 3,820 4.1

 Transportation equipment..................... 80,979 80,960 81,757 0.0 -1.0 -0.6 81,793 81,672 82,085 86,897 -5.9

 Furniture and related products............... 1,172 1,086 1,126 7.9 -3.6 -2.2 1,177 1,082 1,116 1,108 6.2

 Miscellaneous products......................... 3,452 3,436 3,469 0.5 -1.0 -1.7 3,473 3,475 3,430 3,343 3.9

 Nondurable goods industries...................... 49,582 49,650 49,507 -0.1 0.3 -1.0 49,948 49,992 49,333 47,189 5.8

 Food products.................................... 6,126 6,148 6,101 -0.4 0.8 -0.8 5,612 5,826 5,941 5,375 4.4

 Beverage and tobacco products................... 8,885 8,812 8,770 0.8 0.5 1.4 8,637 8,744 8,848 8,259 4.6

 Textiles.............................................. 655 665 667 -1.5 -0.3 1.8 663 674 659 684 -3.1

 Textile products................................... 395 402 403 -1.7 -0.2 -1.5 397 411 406 427 -7.0

 Apparel............................................. 318 321 335 -0.9 -4.2 0.0 317 309 316 347 -8.6

 Leather and allied products.................... 89 89 89 0.0 0.0 -1.1 89 91 89 93 -4.3

 Paper products.................................... 1,244 1,253 1,258 -0.7 -0.4 2.2 1,246 1,255 1,261 1,274 -2.2

 Printing ............................................. 1,030 1,038 1,092 -0.8 -4.9 2.7 990 1,049 1,083 1,149 -13.8

 Petroleum and coal products................. 10,828 11,087 10,990 -2.3 0.9 -4.6 11,436 11,727 10,616 9,377 22.0

 Chemical products................................ 16,870 16,726 16,710 0.9 0.1 -0.6 17,375 16,739 16,968 17,155 1.3

 Plastics and rubber products.................. 3,142 3,109 3,092 1.1 0.5 -0.6 3,186 3,167 3,146 3,049 4.5

FINISHED GOODS

 All manufacturing industries....................... 226,342 227,274 228,610 -0.4 -0.6 0.0 228,809 229,555 227,158 223,252 2.5

 Durable goods industries.......................... 111,257 111,049 110,842 0.2 0.2 0.2 113,072 112,356 110,826 109,210 3.5

 Wood products................................... 4,898 4,795 4,733 2.1 1.3 1.8 5,069 4,933 4,987 4,692 8.0

 Nonmetallic mineral products................. 6,273 6,244 6,179 0.5 1.1 -0.7 6,489 6,466 6,342 6,359 2.0

 Primary metals.................................... 10,962 10,926 10,813 0.3 1.0 0.1 11,104 11,168 10,887 10,237 8.5

 Fabricated metal products........................ 17,678 17,674 17,605 0.0 0.4 -0.7 18,088 18,139 17,911 17,942 0.8

 Machinery.......................................... 23,005 22,933 22,860 0.3 0.3 0.5 23,415 23,231 22,978 22,225 5.4

 Computers and electronic products........ 12,196 12,168 12,289 0.2 -1.0 0.6 12,272 12,075 11,854 12,291 -0.2

 Electrical equipment, appliances,

 and components............................... 6,573 6,526 6,554 0.7 -0.4 0.9 6,741 6,646 6,555 6,516 3.5

 Transportation equipment..................... 15,436 15,447 15,351 -0.1 0.6 -0.2 15,704 15,435 15,103 15,180 3.5

 Furniture and related products............... 2,809 2,814 2,840 -0.2 -0.9 2.6 2,866 2,761 2,709 2,717 5.5

 Miscellaneous products......................... 11,427 11,522 11,618 -0.8 -0.8 0.3 11,324 11,502 11,500 11,051 2.5

 Nondurable goods industries...................... 115,085 116,225 117,768 -1.0 -1.3 -0.1 115,737 117,199 116,332 114,042 1.5

 Food products.................................... 29,646 29,725 30,199 -0.3 -1.6 -0.2 29,121 29,222 29,433 28,549 2.0

 Beverage and tobacco products................... 8,761 8,854 8,977 -1.1 -1.4 -1.4 8,879 8,992 8,840 9,066 -2.1

 Textiles.............................................. 1,408 1,426 1,412 -1.3 1.0 2.2 1,429 1,429 1,404 1,379 3.6

 Textile products................................... 1,740 1,751 1,731 -0.6 1.2 0.9 1,750 1,764 1,746 1,612 8.6

 Apparel............................................. 1,183 1,201 1,206 -1.5 -0.4 1.3 1,163 1,163 1,146 1,252 -7.1

 Leather and allied products.................... 478 484 486 -1.2 -0.4 3.2 491 478 469 486 1.0

 Paper products.................................... 6,640 6,669 6,655 -0.4 0.2 -0.6 6,672 6,764 6,671 6,605 1.0

 Printing ............................................. 1,766 1,754 1,763 0.7 -0.5 -1.0 1,781 1,783 1,760 1,645 8.3

 Petroleum and coal products................. 14,218 14,752 15,236 -3.6 -3.2 -0.7 14,586 15,024 13,941 12,689 14.9

 Chemical products................................ 37,406 37,725 38,248 -0.8 -1.4 0.3 37,662 38,333 38,754 38,721 -2.7

 Plastics and rubber products.................. 11,839 11,884 11,855 -0.4 0.2 0.4 12,203 12,247 12,168 12,038 1.4

p

 Preliminary 

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

1

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

orders include adjusted data for 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, May Full Report, July 5, 2017. Information on data sources and methodology can be found on our website at 

<www.census.gov/manufacturing/m3/how_the_data_are_collected/index.html>.
Table 7. Ratios of Manufacturers' Inventories to Shipments and Unfilled Orders 

 to Shipments, by Industry Group 1

[Based on Seasonally Adjusted data from the Manufacturers' Shipments, Inventories, and Orders Survey.] 

Inventory/Shipments ratio Unfilled Orders/Shipments ratio2

Industry May Apr Mar Feb May Apr Mar Feb

2017p 2017r 2017 2017 2017p 2017r 2017 2017

All manufacturing industries3

............................ 1.38 1.38 1.38 1.37 (X) (X) (X) (X)

Durable goods industries3

.................................. 1.68 1.69 1.69 1.68 6.75 6.83 6.81 6.80

 Wood products.............................................. 1.29 1.26 1.25 1.23 (X) (X) (X) (X)

 Nonmetallic mineral products......................... 1.24 1.24 1.23 1.23 (X) (X) (X) (X)

 Primary metals.............................................. 1.71 1.71 1.69 1.69 1.55 1.56 1.55 1.55

 Fabricated metal products.............................. 1.54 1.55 1.54 1.55 2.52 2.54 2.52 2.48

 Machinery..................................................... 2.19 2.19 2.20 2.19 3.58 3.57 3.58 3.60

 Computers and electronic products3

................ 1.68 1.68 1.67 1.64 5.81 5.77 5.78 5.75

 Electrical equipment, appliances,

 and components........................................ 1.74 1.73 1.72 1.71 2.51 2.49 2.45 2.46

 Transportation equipment.............................. 1.64 1.67 1.67 1.66 14.65 14.98 14.88 14.82

 Furniture and related products........................ 1.18 1.18 1.18 1.17 1.69 1.74 1.75 1.76

 Miscellaneous products.................................. 1.84 1.85 1.86 1.87 (X) (X) (X) (X)

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

 Food products.............................................. 0.81 0.81 0.83 0.84 (X) (X) (X) (X)

 Beverage and tobacco products...................... 1.75 1.75 1.75 1.78 (X) (X) (X) (X)

 Textiles........................................................ 1.21 1.24 1.23 1.19 (X) (X) (X) (X)

 Textile products............................................ 1.53 1.55 1.54 1.55 (X) (X) (X) (X)

 Apparel......................................................... 1.96 2.03 2.10 2.03 (X) (X) (X) (X)

 Leather and allied products............................. 2.08 2.08 2.09 2.03 (X) (X) (X) (X)

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

 Printing......................................................... 0.86 0.86 0.85 0.84 (X) (X) (X) (X)

 Petroleum and coal products........................... 0.85 0.86 0.87 0.86 (X) (X) (X) (X)

 Chemical products......................................... 1.29 1.28 1.27 1.26 (X) (X) (X) (X)

 Plastics and rubber products........................... 1.27 1.27 1.27 1.25 (X) (X) (X) (X)

May3 May3 May3 May3

Industry 2016- 2016- 2016- 2016-

May2 Apr May2 Apr May2 Apr May2 Apr

2017 2017 2017 2017 2017 2017 2017 2017

 

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

Durable goods industries....................... 0.2 0.2 0.3 0.5 0.0 0.1 0.0 0.1

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

 Nonmetallic mineral products.............. (X) 0.2 (X) (NA) (X) (NA) (X) 0.1

 Primary metals.................................... 0.6 0.3 0.3 0.7 -0.1 0.3 0.4 0.3

 Fabricated metal products.................... 0.1 0.3 0.2 1.0 0.1 0.3 0.1 0.2

 Machinery.......................................... 0.4 0.4 0.5 0.4 0.1 0.1 0.0 0.1

 Computers and electronic products..... 0.0 0.5 0.0 0.8 0.0 0.1 0.1 0.1

 Electrical equipment, appliances,

 and components............................. 0.1 0.3 0.0 0.5 -0.1 0.2 0.0 0.2

 Transportation equipment.................... 0.4 0.2 0.4 1.2 0.0 0.1 0.0 0.1

 Furniture and related products............. (X) 0.2 (X) 1.0 (X) 0.5 (X) 0.2

 Miscellaneous products...................... (X) 0.5 (X) 0.5 (X) 0.2 (X) 0.1

Nondurable goods industries................... (X) 0.2 (X) (NA) (X) (NA) (X) 0.3

 Food products................................... (X) 0.3 (X) (NA) (X) (NA) (X) 0.4

 Beverage and tobacco products............ (X) 0.4 (X) (NA) (X) (NA) (X) 0.2

 Textiles............................................. (X) 0.5 (X) (NA) (X) (NA) (X) 0.3

 Textile products.................................. (X) 0.6 (X) (NA) (X) (NA) (X) 0.4

 Apparel.............................................. (X) 0.9 (X) (NA) (X) (NA) (X) 0.5

 Leather and allied products.................... (X) 0.7 (X) (NA) (X) (NA) (X) 0.4

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

 Printing.............................................. (X) 0.4 (X) (NA) (X) (NA) (X) 0.3

 Petroleum and coal products................. (X) 0.8 (X) (NA) (X) (NA) (X) 1.5

 Chemical products................................ (X) 0.3 (X) (NA) (X) (NA) (X) 0.1

 Plastics and rubber products................. (X) 0.2 (X) (NA) (X) (NA) (X) 0.2

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 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

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

publication. 

3

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

estimates. The monthly averages are the simple averages of the absolute values of the differences for the months specified. The 

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

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

component of survey error is nonsampling error, which includes errors of coverage, response, and nonreporting. Since the 

survey panel is not a probability sample, estimates of sampling error cannot be calculated. For further details on survey design, 

methodology, and data limitations see <http://www.census.gov/manufacturing/m3/>.

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, May Full Report, July 5, 2017. 

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 

p

 Preliminary 

r

 Revised data due to late receipts and concurrent seasonal adjustment. 

2

 Excludes the following industries with no unfilled orders: Wood products; nonmetallic mineral products; medical equipment and supplies; 

office supplies; other miscellaneous manufacturing; cutlery and handtools; farm and garden machinery; computer storage and peripheral 

devices; audio and video equipment; manufacturing and reproducing magnetic and optical media; batteries; automobiles; light trucks and 

utility vehicles; heavy duty trucks; and miscellaneous furniture. 

3

 Unfilled orders to shipments ratio excludes semiconductor manufacturing. 

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

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

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

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

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, May Full Report, July 5, 2017. 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