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FOR RELEASE AT 10:00 AM EST, MONDAY, DECEMBER 4, 2023

MONTHLY FULL REPORT ON MANUFACTURERS’ SHIPMENTS, INVENTORIES AND ORDERS 

OCTOBER 2023

Release Number: CB 23-192 M3-2 (23)-10

December 4, 2023 — The U.S. Census Bureau announces the October full report on manufacturers’ 

shipments, inventories and orders:

MANUFACTURED GOODS – NEW ORDERS

OCTOBER 2023 $576.8 billion -3.6%°

SEPTEMBER 2023

(revised) $598.6 billion +2.3%°

Next release: January 5, 2024

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, December 4, 

2023.

Summary

New orders for manufactured goods in October, down following two consecutive monthly increases,

decreased $21.8 billion or 3.6 percent to $576.8 billion, the U.S. Census Bureau reported today. This 

followed a 2.3 percent September increase. Shipments, down two consecutive months, decreased $8.2

billion or 1.4 percent to $577.8 billion. This followed a virtually unchanged September decrease. Unfilled 

orders, up ten of the last eleven months, increased $4.0 billion or 0.3 percent to $1,356.8 billion. This 

followed a 1.3 percent September increase. The unfilled orders-to-shipments ratio was 6.90, up from 6.88

in September. Inventories, up four consecutive months, increased $0.5 billion or 0.1 percent to $857.0

billion. This followed a 0.1 percent September increase. The inventories-to-shipments ratio was 1.48, up 

from 1.46 in September.

New Orders

New orders for manufactured durable goods in October, down three of the last four months, decreased

$15.9 billion or 5.4 percent to $279.4 billion, unchanged from the previously published decrease. This 

followed a 4.0 percent September increase. Transportation equipment, also down three of the last four 

-2.4%

1.0%

0.0%

-1.7%

0.6%

0.3% 0.4%

2.3%

-2.1%

1.0%

2.3%

-3.6%

-5.0%

-4.0%

-3.0%

-2.0%

-1.0%

0.0%

1.0%

2.0%

3.0%

4.0%

Nov-22 Dec-22 Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 Oct-23

MANUFACTURERS' NEW ORDERS 2022-2023

Seasonally Adjusted, Month-To-Month Percentage Change

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders, December 4, 2023.
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months, led the decrease, $15.9 billion or 14.7 percent to $92.1 billion. New orders for manufactured

nondurable goods decreased $5.9 billion or 1.9 percent to $297.3 billion.

Shipments

Shipments of manufactured durable goods in October, down three of the last four months, decreased $2.2

billion or 0.8 percent to $280.4 billion, up from the previously published 0.9 percent decrease. This 

followed a 0.6 percent September decrease. Transportation equipment, down four of the last five months, 

led the decrease, $2.0 billion or 2.2 percent to $88.4 billion. Shipments of manufactured nondurable 

goods, down following four consecutive monthly increases, decreased $5.9 billion or 1.9 percent to $297.3

billion. This followed a 0.6 percent September increase. Petroleum and coal products, also down

following four consecutive monthly increases, drove the decrease, $6.1 billion or 8.4 percent to $67.0

billion.

Unfilled Orders

Unfilled orders for manufactured durable goods in October, up ten of the last eleven months, increased

$4.0 billion or 0.3 percent to $1,356.8 billion, unchanged from the previously published increase. This 

followed a 1.3 percent September increase. Transportation equipment, also up ten of the last eleven

months, led the increase, $3.8 billion or 0.4 percent to $859.3 billion.

Inventories

Inventories of manufactured durable goods in October, up three consecutive months, increased $1.3

billion or 0.3 percent to $524.8 billion, unchanged from the previously published increase. This followed a 

0.1 percent September increase. Transportation equipment, also up three consecutive months, led the 

increase, $1.1 billion or 0.7 percent to $165.9 billion. Inventories of manufactured nondurable goods,

down following three consecutive monthly increases, decreased $0.8 billion or 0.2 percent to $332.2

billion. This followed a 0.2 percent September increase. Petroleum and coal products, also down

following three consecutive monthly increases, led the decrease, $0.6 billion or 1.2 percent to $49.6

billion. By stage of fabrication, October materials and supplies increased 0.1 percent in both durable and

nondurable goods. Work in process increased 0.6 percent in durable goods and decreased 1.5 percent in 

nondurable goods. Finished goods were virtually unchanged in both durable and nondurable goods.

The Advance Report on durable goods for November is scheduled for release on December 22, 2023, at

8:30 a.m. EST and the Full Report on January 5, 2024, at 10:00 a.m. EST. View the full schedule in the
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Economic Briefing Room: <www.census.gov/economic-indicators/>. The full text and tables of this release

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

EXPLANATORY NOTES

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

exclude data for semiconductor manufacturing. 

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

decrease.

The Census Bureau has reviewed this data product to ensure appropriate access, use, and disclosure 

avoidance protection of the confidential source data (Project No. P-6000307, Disclosure Review Board 

(DRB) approval number: CBDRB-FY23-0265).

Description of the survey 

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

2024 Release Dates for the M3 Survey

Survey month Advance Report on Durable 

Goods and Advance Total 

Manufacturing 

(8:30 a.m. release time)

Full Report 

(10:00 a.m. release time)

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

Nov-23 Fri 12/22/2023 Fri 1/5/2024

Dec-23 Thu 1/25/2024 Fri 2/2/2024

Jan-24 Tue 2/27/2024 Tue 3/5/2024

Feb-24 Tue 3/26/2024 Tue 4/2/2024

Mar-24 Wed 4/24/2024 Thu 5/2/2024

Apr-24 Fri 5/24/2024 Tue 6/4/2024

May-24 Thu 6/27/2024 Wed 7/3/2024

Jun-24 Thu 7/25/2024 Fri 8/2/2024

Jul-24 Mon 8/26/2024 Wed 9/4/2024

Aug-24 Thu 9/26/2024 Thu 10/3/2024

Sep-24 Fri 10/25/2024 Mon 11/4/2024

Oct-24 Wed 11/27/2024 Wed 12/4/2024

Nov-24 Tue 12/24/2024 Not available at this time

Schedule of Release Dates 2024 (whitehouse.gov)
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RESOURCES

API

The Census Bureau’s application programming interface (API) lets developers create custom apps to reach 

new users and makes key demographic, socio-economic and housing statistics more accessible than ever 

before.

<www.census.gov/developers/>.

FRED Mobile App

Receive the latest updates on the nation’s key economic indicators by downloading 

the FRED App <https://fred.stlouisfed.org/fred-mobile/> for both Apple and 

Android devices. FRED, the signature database of the Federal Reserve Bank of St. 

Louis, now incorporates the Census Bureau’s 13 economic indicators.

###
Table 1. Value of Manufacturers' Shipments for Industry Groups1

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

Seasonally Adjusted Not Seasonally Adjusted 

Monthly Percent Change Monthly

Industry % Change

Oct. Sep. Aug. Sep. - Aug. - July - Oct. Sep. Aug. Oct. 2023/

2023p 2023r 2023 Oct. Sep. Aug. 2023p 2023r 2023 2022 2023p 2022 2022

 All manufacturing industries.................. 577,765 585,918 585,976 -1.4 0.0 1.3 591,613 601,021 611,986 596,864 5,801,531 5,784,124 0.3

 Excluding transportation................... 489,405 495,574 493,582 -1.2 0.4 1.4 502,340 504,574 515,100 509,263 4,904,662 4,960,647 -1.1

 Excluding defense.............................. 561,437 569,987 570,099 -1.5 0.0 1.3 575,498 583,817 596,281 582,245 5,647,980 5,642,550 0.1

 With unfilled orders............................ 196,541 196,663 196,831 -0.1 -0.1 0.6 198,084 205,481 204,700 190,909 1,956,286 1,881,493 4.0

 Durable goods industries......................... 280,439 282,688 284,490 -0.8 -0.6 0.5 285,474 295,639 298,361 279,967 2,821,485 2,723,022 3.6

 Wood products....................................... 13,312 13,341 13,370 -0.2 -0.2 0.1 13,861 13,755 14,308 13,862 136,227 139,301 -2.2

 Nonmetallic mineral products.................... 13,285 13,293 13,321 -0.1 -0.2 0.3 14,337 13,844 14,979 13,906 134,999 132,411 2.0

 Primary metals....................................... 26,349 26,451 26,516 -0.4 -0.2 -0.4 26,438 26,367 28,123 26,375 270,965 275,157 -1.5

 Iron and steel mills............................ 14,503 14,478 14,540 0.2 -0.4 -0.5 14,509 14,524 15,383 14,722 149,781 150,731 -0.6

 Aluminum and nonferrous metals.......... 10,164 10,340 10,368 -1.7 -0.3 -0.3 10,234 10,279 11,024 10,065 104,303 108,421 -3.8

 Ferrous metal foundries....................... 1,682 1,633 1,608 3.0 1.6 0.9 1,695 1,564 1,716 1,588 16,881 16,005 5.5

 Fabricated metal products....................... 35,987 36,146 35,812 -0.4 0.9 0.3 37,375 37,014 38,230 36,383 359,962 360,187 -0.1

 Machinery............................................. 38,244 38,105 38,322 0.4 -0.6 1.0 38,384 38,579 39,553 37,362 380,050 367,800 3.3

 Farm machinery................................. 2,746 2,764 2,714 -0.7 1.8 3.7 2,712 2,687 2,680 2,940 26,491 33,655 -21.3

 Construction machinery..................... 4,567 4,427 4,377 3.2 1.1 4.3 4,658 4,257 4,387 4,083 43,680 37,379 16.9

 Mining, oil field, and 

 gas field machinery.......................... 1,728 1,697 1,733 1.8 -2.1 -1.8 1,760 1,708 1,724 1,615 17,094 14,508 17.8

 Industrial machinery.......................... 3,652 3,578 3,611 2.1 -0.9 -2.4 3,691 4,081 3,569 3,863 36,350 37,240 -2.4

 Photographic equipment...................... 641 610 629 5.1 -3.0 -2.5 580 669 630 553 6,255 6,045 3.5

 Ventilation, heating, air-conditioning,

 and refrigeration equipment............ 5,198 5,039 5,134 3.2 -1.9 2.3 4,982 5,202 5,818 4,371 50,076 46,239 8.3

 Metalworking machinery..................... 2,759 2,672 2,730 3.3 -2.1 2.0 2,895 2,699 2,826 2,844 27,132 27,612 -1.7

 Turbines, generators, and other

 power transmission equipment....... 3,861 3,875 3,894 -0.4 -0.5 0.5 4,023 3,863 4,093 3,942 39,576 36,069 9.7

 Material handling equipment............... 4,157 4,243 4,264 -2.0 -0.5 2.5 4,226 4,149 4,502 3,714 40,542 36,081 12.4

 Computers and electronic products2.......... 29,620 29,599 29,394 0.1 0.7 0.2 30,020 32,821 29,529 29,659 289,435 284,042 1.9

 Computers........................................ 881 852 877 3.4 -2.9 2.6 893 908 953 775 8,299 7,453 11.4

 Computer storage devices..................... 419 413 422 1.5 -2.1 -1.4 396 415 390 345 3,922 3,466 13.2

 Other peripheral equipment................ 754 782 756 -3.6 3.4 9.1 743 948 727 750 7,556 5,995 26.0

 Nondefense communications

 equipment.................................... 2,823 2,853 2,812 -1.1 1.5 -0.5 2,514 3,531 2,489 2,629 27,608 28,161 -2.0

 Defense communications equipment.... 206 198 201 4.0 -1.5 -3.8 211 226 209 199 2,019 1,954 3.3

 Audio and video equipment.................... 502 548 628 -8.4 -12.7 -16.2 645 541 581 497 4,693 4,058 15.6

 Electronic components......................... 4,933 4,994 4,858 -1.2 2.8 4.8 4,808 5,179 5,212 4,589 47,736 46,658 2.3

 Nondefense search and navigation

 equipment...................................... 1,622 1,625 1,606 -0.2 1.2 -0.9 1,612 1,751 1,639 1,576 16,076 15,858 1.4

 Defense search and navigation

 equipment..................................... 3,343 3,322 3,316 0.6 0.2 0.0 3,348 3,521 3,283 3,241 32,192 30,992 3.9

 Electromedical, measuring,

 and control instruments................. 9,025 8,874 8,871 1.7 0.0 -0.3 9,008 9,931 8,874 8,815 87,463 86,594 1.0

 Electrical equipment, appliances, 

 and components................................... 14,188 14,288 14,192 -0.7 0.7 1.1 14,280 15,146 15,006 13,253 141,470 130,715 8.2

 Electric lighting equipment..................... 1,313 1,324 1,334 -0.8 -0.7 1.9 1,343 1,380 1,414 1,259 13,023 12,104 7.6

 Household appliances........................ 2,365 2,389 2,364 -1.0 1.1 1.0 2,361 2,673 2,522 2,413 23,428 23,691 -1.1

 Electrical equipment............................ 4,729 4,710 4,682 0.4 0.6 0.1 4,547 5,039 4,920 3,858 46,693 40,163 16.3

 Batteries........................................... 1,352 1,350 1,328 0.1 1.7 -4.4 1,514 1,381 1,428 1,137 13,145 9,618 36.7

 Transportation equipment........................ 88,360 90,344 92,394 -2.2 -2.2 0.8 89,273 96,447 96,886 87,601 896,869 823,477 8.9

 Automobiles..................................... 9,655 9,497 9,640 1.7 -1.5 6.2 10,050 10,002 10,886 8,739 91,359 81,114 12.6

 Light trucks and utility vehicles.............. 17,862 19,970 21,378 -10.6 -6.6 -2.4 18,236 21,564 23,326 21,945 205,855 198,318 3.8

 Heavy duty trucks ............................. 2,977 3,031 3,057 -1.8 -0.9 2.4 3,150 3,206 3,130 2,846 29,774 24,804 20.0

 Motor vehicle bodies, parts, 

 and trailers.................................... 28,856 29,086 29,195 -0.8 -0.4 0.1 30,038 29,280 31,583 29,461 293,882 284,719 3.2

 Nondefense aircraft and parts................ 13,284 13,519 13,566 -1.7 -0.3 3.2 12,252 16,166 12,435 9,715 123,348 91,037 35.5

 Defense aircraft and parts.................. 4,912 4,545 4,688 8.1 -3.1 -1.8 5,101 4,841 4,796 4,574 46,902 44,581 5.2

 Ships and boats................................. 3,395 3,324 3,665 2.1 -9.3 5.9 3,349 3,295 3,634 3,636 36,486 34,756 5.0

 Furniture and related products.................. 6,728 6,772 6,690 -0.6 1.2 -0.3 6,849 6,795 7,185 7,010 68,259 68,386 -0.2

 Miscellaneous durable goods................. 14,366 14,349 14,479 0.1 -0.9 -0.2 14,657 14,871 14,562 14,556 143,249 141,546 1.2

 Nondurable goods industries..................... 297,326 303,230 301,486 -1.9 0.6 2.2 306,139 305,382 313,625 316,897 2,980,046 3,061,102 -2.6

 Food products....................................... 80,049 79,936 79,758 0.1 0.2 0.3 83,242 81,324 81,970 82,629 796,288 793,390 0.4

 Grain and oilseed milling....................... 9,831 9,821 9,691 0.1 1.3 -0.1 10,214 9,654 10,174 10,332 98,860 99,458 -0.6

 Dairy products.................................. 11,573 11,488 11,415 0.7 0.6 -0.2 11,880 11,351 11,684 12,031 115,532 116,730 -1.0

 Meat, poultry, and seafood products... 24,096 24,038 23,940 0.2 0.4 0.1 24,431 24,205 24,467 24,943 240,872 248,003 -2.9

 Beverage and tobacco products................ 18,126 18,172 17,894 -0.3 1.6 0.3 18,345 18,451 18,536 16,499 175,637 157,279 11.7

 Beverages......................................... 10,962 10,991 10,997 -0.3 -0.1 0.2 11,181 11,270 11,639 10,652 108,727 101,895 6.7

 Tobacco............................................ 7,164 7,181 6,897 -0.2 4.1 0.6 7,164 7,181 6,897 5,847 66,910 55,384 20.8

 Textile mills........................................... 2,099 2,110 2,098 -0.5 0.6 0.0 2,160 2,161 2,232 2,290 21,461 23,038 -6.8

 Textile products................................... 1,989 1,975 1,992 0.7 -0.9 0.9 2,020 1,971 2,083 2,069 20,252 21,046 -3.8

 Apparel................................................ 820 830 851 -1.2 -2.5 -0.6 928 847 906 964 8,335 8,141 2.4

 Leather and allied products...................... 522 470 474 11.1 -0.8 -0.4 546 458 496 492 4,913 4,536 8.3

 Paper products...................................... 17,241 17,178 17,201 0.4 -0.1 -0.4 17,682 17,207 18,119 17,350 174,755 172,968 1.0

 Pulp, paper, and paperboard mills....... 6,810 6,841 6,801 -0.5 0.6 -0.5 6,894 6,886 7,080 6,724 69,556 67,118 3.6

 Paperboard containers........................ 6,382 6,292 6,334 1.4 -0.7 0.4 6,683 6,330 6,897 6,421 63,808 63,865 -0.1

 Printing................................................. 7,228 7,270 7,267 -0.6 0.0 -0.6 7,843 7,376 7,452 7,894 72,657 71,969 1.0

 Petroleum and coal products.................. 66,954 73,069 71,366 -8.4 2.4 8.6 70,160 73,669 75,637 85,937 680,323 790,833 -14.0

 Petroleum refineries.......................... 61,955 68,098 66,482 -9.0 2.4 9.2 64,604 68,293 69,931 80,632 630,957 743,258 -15.1

 Chemical products..................................... 77,579 77,497 77,858 0.1 -0.5 0.5 77,537 76,899 80,108 75,359 776,121 764,324 1.5

 Pesticides, fertilizers, and other

 agricultural chemicals....................... 3,972 3,981 3,983 -0.2 -0.1 0.0 3,537 3,540 3,269 3,606 39,291 40,400 -2.7

 Pharmaceuticals and medicines............. 24,969 24,782 24,922 0.8 -0.6 0.4 25,422 25,403 25,845 23,563 245,085 227,061 7.9

 Paints, coatings, and adhesives.......... 4,224 4,243 4,199 -0.4 1.0 0.9 4,267 4,182 4,630 4,151 42,662 42,617 0.1

 Plastics and rubber products.................. 24,719 24,723 24,727 0.0 0.0 0.5 25,676 25,019 26,086 25,414 249,304 253,578 -1.7

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/>. 

The Census Bureau has reviewed this data product to ensure appropriate access, use, and disclosure avoidance protection of the confidential source data (Project No. P-6000307, Disclosure Review Board (DRB) approval number: CBDRB-FY23-

0265). 

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, October Full Report, December 4, 2023. Information on data sources and methodology can be found on our website at 

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

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

Seasonally Adjusted Not Seasonally Adjusted 

Monthly Percent Change Monthly

Industry % Change

Oct. Sep. Aug. Sep. - Aug. - July - Oct. Sep. Aug. Oct. 2023/

2023p 2023r 2023 Oct. Sep. Aug. 2023p 2023r 2023 2022 2023p 2022 2022

All manufacturing industries2........................ 576,757 598,595 585,403 -3.6 2.3 1.0 585,379 613,485 604,203 593,781 5,829,004 5,800,462 0.5

 Excluding transportation2...................... 484,614 490,590 488,548 -1.2 0.4 1.5 494,155 497,178 506,019 501,003 4,853,960 4,922,991 -1.4

 Excluding defense2.............................. 558,924 583,597 568,421 -4.2 2.7 0.8 569,749 594,982 589,884 581,058 5,668,534 5,657,873 0.2

 With unfilled orders2

............................. 200,494 214,326 201,153 -6.5 6.5 -0.3 197,529 223,653 201,931 193,904 2,034,116 1,949,173 4.4

 Durable goods industries2......................... 279,431 295,365 283,917 -5.4 4.0 -0.1 279,240 308,103 290,578 276,884 2,848,958 2,739,360 4.0

 Primary metals........................................ 26,538 26,616 26,615 -0.3 0.0 -1.0 26,331 25,705 27,589 26,023 270,257 274,100 -1.4

 Iron and steel mills.............................. 14,745 14,825 14,724 -0.5 0.7 -0.6 14,382 14,201 15,306 14,357 150,026 150,633 -0.4

 Aluminum and nonferrous metals.......... 10,036 10,103 10,299 -0.7 -1.9 -1.8 10,223 9,939 10,643 10,123 103,388 107,127 -3.5

 Ferrous metal foundries....................... 1,757 1,688 1,592 4.1 6.0 1.9 1,726 1,565 1,640 1,543 16,843 16,340 3.1

 Fabricated metal products........................ 36,510 36,365 36,037 0.4 0.9 0.7 36,436 36,088 37,741 34,677 362,243 362,628 -0.1

 Machinery............................................. 37,664 37,761 37,767 -0.3 0.0 0.5 37,189 37,909 38,243 37,286 377,773 375,227 0.7

 Construction machinery........................ 4,383 4,286 4,144 2.3 3.4 0.5 4,287 4,169 3,905 3,955 42,091 37,315 12.8

 Mining, oil field, and

 gas field machinery.......................... 1,728 1,624 1,711 6.4 -5.1 1.9 1,760 1,635 1,702 1,637 16,648 14,583 14.2

 Industrial machinery............................ 3,380 3,350 3,625 0.9 -7.6 4.5 3,552 3,630 3,448 4,047 35,984 39,060 -7.9

 Photographic equipment....................... 588 457 513 28.7 -10.9 -13.8 553 775 561 553 6,273 6,453 -2.8

 Ventilation, heating, air-conditioning,

 and refrigeration equipment............... 5,319 5,301 5,064 0.3 4.7 3.5 4,908 5,398 5,466 4,343 50,556 48,826 3.5

 Metalworking machinery....................... 2,633 2,633 2,616 0.0 0.6 -2.5 2,614 2,667 2,611 2,818 26,530 27,712 -4.3

 Turbines, generators, and other 

 power transmission equipment........... 4,054 4,099 4,006 -1.1 2.3 -2.9 4,216 4,087 4,205 3,998 40,313 35,922 12.2

 Material handling equipment.................. 3,976 4,211 4,181 -5.6 0.7 0.1 4,013 4,241 4,283 3,854 40,334 37,838 6.6

 Computers and electronic products2........... 24,792 24,728 24,522 0.3 0.8 0.8 24,264 27,944 23,307 23,371 238,965 233,828 2.2

 Computers........................................ 873 851 864 2.6 -1.5 -0.3 885 907 940 777 8,291 7,432 11.6

 Nondefense communications

 equipment...................................... 2,872 2,964 2,918 -3.1 1.6 5.8 2,531 3,757 2,360 2,560 26,911 27,897 -3.5

 Defense communications equipment....... 209 198 196 5.6 1.0 -5.3 210 228 207 192 2,007 1,922 4.4

 Electronic components......................... 4,876 4,953 4,760 -1.6 4.1 6.2 4,804 5,224 4,953 4,530 46,677 46,763 -0.2

 Nondefense search and navigation

 equipment...................................... 1,701 1,756 1,728 -3.1 1.6 0.3 1,753 1,871 1,733 1,715 17,371 17,252 0.7

 Defense search and navigation

 equipment...................................... 3,306 3,197 3,178 3.4 0.6 -4.1 3,088 3,701 2,754 3,032 32,399 30,336 6.8

 Electromedical, measuring,

 and control instruments..................... 9,129 8,914 8,920 2.4 -0.1 -0.2 9,046 10,190 8,504 8,808 87,624 87,196 0.5

 Electrical equipment, appliances, 

 and components................................... 14,086 14,238 14,358 -1.1 -0.8 1.3 14,204 14,919 14,944 13,687 142,645 134,614 6.0

 Electric lighting equipment..................... 1,276 1,331 1,304 -4.1 2.1 0.5 1,355 1,360 1,336 1,373 13,135 12,351 6.3

 Household appliances.......................... 2,434 2,393 2,627 1.7 -8.9 1.9 2,477 2,845 2,760 2,536 24,173 23,278 3.8

 Electrical equipment............................ 4,543 4,706 4,623 -3.5 1.8 2.3 4,391 4,753 4,771 4,115 46,953 43,587 7.7

 Transportation equipment........................ 92,143 108,005 96,855 -14.7 11.5 -1.2 91,224 116,307 98,184 92,778 975,044 877,471 11.1

 Motor vehicle bodies, parts, 

 and trailers..................................... 28,989 29,217 29,254 -0.8 -0.1 0.5 29,596 29,522 31,484 28,621 293,058 282,287 3.8

 Nondefense aircraft and parts................ 16,146 32,033 16,806 -49.6 90.6 -17.5 15,611 34,796 14,788 17,460 197,258 145,227 35.8

 Defense aircraft and parts.................... 4,996 4,910 5,800 1.8 -15.3 18.6 4,120 5,965 5,378 3,738 51,679 44,943 15.0

 Ships and boats.................................. 3,561 3,093 3,925 15.1 -21.2 14.2 3,202 2,805 2,258 2,864 36,112 35,415 2.0

 Furniture and related products................... 6,743 6,679 6,601 1.0 1.2 1.9 6,745 6,771 6,729 6,782 67,849 67,977 -0.2

 Nondurable goods industries..................... 297,326 303,230 301,486 -1.9 0.6 2.2 306,139 305,382 313,625 316,897 2,980,046 3,061,102 -2.6

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/>. 

The Census Bureau has reviewed this data product to ensure appropriate access, use, and disclosure avoidance protection of the confidential source data (Project No. P-6000307, Disclosure Review Board (DRB) approval number: CBDRBFY23-0265). 

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, October Full Report, December 4, 2023. Information on data sources and methodology can be found on our website at 

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

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

Seasonally Adjusted Not Seasonally Adjusted

Monthly Percent Change Monthly % Change

Industry October

Oct. Sep. Aug. Sep. - Aug. - July - Oct. Sep. Aug. Oct. 2023/

2023p 2023r 2023 Oct. Sep. Aug. 2023p 2023r 2023 2022 2022

All manufacturing industries2

...................... 1,356,813 1,352,860 1,335,197 0.3 1.3 0.3 1,348,126 1,348,681 1,330,509 1,257,034 7.2

 Excluding transportation2...................... 497,476 497,306 497,304 0.0 0.0 0.0 492,039 494,545 496,233 495,810 -0.8

 Excluding defense2............................. 1,112,268 1,109,820 1,091,224 0.2 1.7 0.3 1,106,479 1,106,549 1,089,676 1,028,276 7.6

 Durable goods industries2

........................ 1,356,813 1,352,860 1,335,197 0.3 1.3 0.3 1,348,126 1,348,681 1,330,509 1,257,034 7.2

 Primary metals........................................ 38,541 38,352 38,187 0.5 0.4 0.3 37,058 37,165 37,827 36,958 0.3

 Iron and steel mills............................... 23,673 23,431 23,084 1.0 1.5 0.8 22,706 22,833 23,156 21,961 3.4

 Aluminum and nonferrous metals............. 10,162 10,290 10,527 -1.2 -2.3 -0.7 9,794 9,805 10,145 10,540 -7.1

 Ferrous metal foundries........................ 4,706 4,631 4,576 1.6 1.2 -0.3 4,558 4,527 4,526 4,457 2.3

 Fabricated metal products......................... 129,970 129,447 129,228 0.4 0.2 0.2 128,705 129,644 130,570 128,906 -0.2

 Machinery.............................................. 137,580 138,160 138,504 -0.4 -0.2 -0.4 136,080 137,275 137,945 139,088 -2.2

 Construction machinery......................... 10,330 10,514 10,655 -1.8 -1.3 -2.1 9,798 10,169 10,257 11,280 -13.1

 Mining, oil field, and

 gas field machinery.......................... 4,866 4,866 4,939 0.0 -1.5 -0.4 4,866 4,866 4,939 5,311 -8.4

 Industrial machinery............................. 11,432 11,704 11,932 -2.3 -1.9 0.1 11,317 11,456 11,907 11,843 -4.4

 Photographic equipment........................ 3,706 3,759 3,912 -1.4 -3.9 -2.9 3,861 3,888 3,782 4,032 -4.2

 Ventilation, heating, air-conditioning,

 and refrigeration equipment................ 13,826 13,705 13,443 0.9 1.9 -0.5 13,432 13,506 13,310 12,650 6.2

 Metalworking machinery........................ 9,341 9,467 9,506 -1.3 -0.4 -1.2 9,182 9,463 9,495 10,321 -11.0

 Turbines, generators, and other 

 power transmission equipment............ 32,865 32,672 32,448 0.6 0.7 0.3 32,865 32,672 32,448 32,178 2.1

 Material handling equipment................... 19,135 19,316 19,348 -0.9 -0.2 -0.4 19,032 19,245 19,153 18,795 1.3

 Computers and electronic products2............. 134,982 134,849 134,734 0.1 0.1 0.0 134,277 134,354 133,523 133,786 0.4

 Computers......................................... 1,275 1,283 1,284 -0.6 -0.1 -1.0 1,275 1,283 1,284 1,306 -2.4

 Nondefense communications

 equipment...................................... 17,126 17,077 16,966 0.3 0.7 0.6 16,850 16,833 16,607 17,297 -2.6

 Defense communications equipment........ 236 233 233 1.3 0.0 -2.1 234 235 233 252 -7.1

 Electronic components.......................... 16,532 16,589 16,630 -0.3 -0.2 -0.6 16,452 16,456 16,411 17,593 -6.5

 Nondefense search and navigation

 equipment....................................... 31,595 31,516 31,385 0.3 0.4 0.4 31,674 31,533 31,413 30,200 4.9

 Defense search and navigation

 equipment....................................... 35,927 35,964 36,089 -0.1 -0.3 -0.4 35,730 35,990 35,810 35,438 0.8

 Electromedical, measuring,

 and control instruments...................... 32,291 32,187 32,147 0.3 0.1 0.2 32,062 32,024 31,765 31,700 1.1

 Electrical equipment, appliances, 

 and components.................................... 43,859 43,961 44,011 -0.2 -0.1 0.4 43,590 43,666 43,893 43,376 0.5

 Electric lighting equipment..................... 3,830 3,867 3,860 -1.0 0.2 -0.8 3,815 3,803 3,823 3,493 9.2

 Household appliances........................... 5,257 5,188 5,184 1.3 0.1 5.3 5,325 5,209 5,037 4,248 25.4

 Electrical equipment............................. 22,138 22,324 22,328 -0.8 0.0 -0.3 22,004 22,160 22,446 23,247 -5.3

 Transportation equipment......................... 859,337 855,554 837,893 0.4 2.1 0.5 856,087 854,136 834,276 761,224 12.5

 Motor vehicle bodies, parts, 

 and trailers...................................... 35,471 35,338 35,207 0.4 0.4 0.2 34,117 34,559 34,317 33,473 1.9

 Nondefense aircraft and parts................ 603,803 600,941 582,427 0.5 3.2 0.6 604,625 601,266 582,636 520,752 16.1

 Defense aircraft and parts..................... 73,465 73,381 73,016 0.1 0.5 1.5 72,079 73,060 71,936 66,170 8.9

 Ships and boats.................................. 56,405 56,239 56,470 0.3 -0.4 0.5 54,812 54,959 55,449 53,294 2.8

 Furniture and related products................... 10,547 10,532 10,625 0.1 -0.9 -0.8 10,332 10,436 10,460 11,438 -9.7

p

 Preliminary 

r

 Revised data due to late receipts and concurrent seasonal adjustment. 

1

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

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

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

2

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

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

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

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

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

CBDRB-FY23-0265). 

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, October Full Report, December 4, 2023. Information on data sources and methodology can be found on our website at 

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

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

Seasonally Adjusted Not Seasonally Adjusted

Monthly Percent Change Monthly % Change

Industry October

Oct. Sep. Aug. Sep. - Aug. - July - Oct. Sep. Aug. Oct. 2023/

2023p 2023r 2023 Oct. Sep. Aug. 2023p 2023r 2023 2022 2022

 All manufacturing industries...................... 856,987 856,463 855,320 0.1 0.1 0.3 858,827 854,384 856,597 862,456 -0.4

 Excluding transportation........................ 691,086 691,654 690,910 -0.1 0.1 0.3 691,344 688,599 690,062 698,075 -1.0

 Excluding defense............................. 827,562 827,020 825,782 0.1 0.1 0.3 829,336 824,935 826,908 833,798 -0.5

 With unfilled orders............................. 424,365 423,249 423,053 0.3 0.0 0.2 423,263 422,504 424,989 417,790 1.3

 Durable goods industries........................ 524,829 523,496 523,105 0.3 0.1 0.1 524,033 522,396 525,519 518,745 1.0

 Wood products........................................ 15,971 15,931 15,873 0.3 0.4 0.3 15,834 15,569 15,593 16,450 -3.7

 Nonmetallic mineral products..................... 17,286 17,256 17,268 0.2 -0.1 0.4 16,905 17,052 17,164 16,346 3.4

 Primary metals......................................... 45,972 46,263 46,453 -0.6 -0.4 0.0 45,543 46,044 46,214 47,445 -4.0

 Iron and steel mills............................... 26,723 27,129 27,367 -1.5 -0.9 0.2 26,562 27,152 27,113 28,076 -5.4

 Aluminum and nonferrous metals............ 16,026 15,906 15,924 0.8 -0.1 -0.7 15,805 15,768 16,001 16,377 -3.5

 Ferrous metal foundries........................ 3,223 3,228 3,162 -0.2 2.1 1.1 3,176 3,124 3,100 2,992 6.1

 Fabricated metal products......................... 64,679 64,683 64,776 0.0 -0.1 0.0 63,976 64,412 64,986 64,280 -0.5

 Machinery.............................................. 95,069 94,925 94,753 0.2 0.2 0.1 94,408 94,707 94,644 90,784 4.0

 Farm machinery.................................. 5,602 5,605 5,651 -0.1 -0.8 -2.0 5,334 5,357 5,480 5,845 -8.7

 Construction machinery......................... 9,833 9,714 9,608 1.2 1.1 1.5 9,735 9,602 9,480 8,768 11.0

 Mining, oil field, 

 and gas field machinery.................... 5,977 5,939 5,866 0.6 1.2 1.2 6,019 5,937 5,872 5,484 9.8

 Industrial machinery............................. 11,156 11,260 11,298 -0.9 -0.3 1.0 10,687 11,673 11,384 10,556 1.2

 Photographic equipment....................... 1,448 1,460 1,461 -0.8 -0.1 -0.1 1,462 1,433 1,495 1,447 1.0

 Ventilation, heating, air-conditioning,

 and refrigeration equipment............... 9,723 9,660 9,617 0.7 0.4 -0.7 9,555 9,247 9,438 8,640 10.6

 Metalworking machinery........................ 7,432 7,423 7,420 0.1 0.0 -0.4 7,472 7,423 7,482 7,325 2.0

 Turbines, generators, and other

 power transmission equipment............ 12,162 12,127 12,033 0.3 0.8 -0.3 12,167 12,104 12,003 11,331 7.4

 Material handling equipment.................. 7,932 7,955 7,978 -0.3 -0.3 0.6 8,104 8,062 8,077 7,635 6.1

 Computers and electronic products2............ 55,330 55,150 55,128 0.3 0.0 0.3 55,679 54,802 55,410 55,677 0.0

 Computers......................................... 1,818 1,861 1,878 -2.3 -0.9 -0.3 1,793 1,976 1,973 2,093 -14.3

 Computer storage devices.................... 599 609 607 -1.6 0.3 -1.8 616 608 642 684 -9.9

 Other peripheral equipment................... 1,037 1,051 1,048 -1.3 0.3 -1.7 1,042 1,041 1,058 1,025 1.7

 Nondefense communications

 equipment...................................... 4,398 4,401 4,379 -0.1 0.5 0.3 4,498 4,386 4,476 4,486 0.3

 Defense communications equipment........ 635 635 640 0.0 -0.8 -0.8 635 635 640 602 5.5

 Audio and video equipment.................... 723 727 741 -0.6 -1.9 -5.0 695 738 720 834 -16.7

 Electronic components.......................... 10,754 10,568 10,684 1.8 -1.1 0.4 10,641 10,332 10,419 11,400 -6.7

 Nondefense search and navigation

 equipment...................................... 4,294 4,283 4,255 0.3 0.7 0.9 4,382 4,312 4,321 4,185 4.7

 Defense search and navigation

 equipment....................................... 3,370 3,359 3,345 0.3 0.4 0.2 3,344 3,277 3,362 3,322 0.7

 Electromedical, measuring 

 and control instruments...................... 19,140 19,143 19,038 0.0 0.6 0.4 19,242 19,025 19,336 18,768 2.5

 Electrical equipment, appliances, 

 and components.................................... 26,442 26,341 26,390 0.4 -0.2 0.2 25,908 25,811 26,594 24,934 3.9

 Electric lighting equipment..................... 2,535 2,537 2,521 -0.1 0.6 -0.4 2,543 2,536 2,524 2,553 -0.4

 Household appliances........................... 3,550 3,555 3,574 -0.1 -0.5 -0.9 3,558 3,516 3,727 3,586 -0.8

 Electrical equipment............................. 10,110 10,081 9,989 0.3 0.9 1.2 9,757 9,595 9,973 8,858 10.1

 Batteries............................................ 1,906 1,889 1,887 0.9 0.1 -0.7 1,858 1,916 1,939 1,777 4.6

 Transportation equipment......................... 165,901 164,809 164,410 0.7 0.2 0.3 167,483 165,785 166,535 164,381 1.9

 Automobiles....................................... 5,654 5,833 5,859 -3.1 -0.4 -1.3 5,927 5,986 6,157 6,111 -3.0

 Light trucks and utility vehicles.............. 9,653 9,401 9,216 2.7 2.0 0.4 10,064 9,687 9,723 10,203 -1.4

 Heavy duty trucks ............................... 2,961 2,957 2,924 0.1 1.1 2.2 2,946 2,949 2,927 2,971 -0.8

 Motor vehicle bodies, parts, 

 and trailers...................................... 36,398 35,915 35,705 1.3 0.6 0.4 36,188 35,751 35,722 34,710 4.3

 Nondefense aircraft and parts................ 78,300 77,802 77,582 0.6 0.3 0.2 79,277 78,432 78,544 78,358 1.2

 Defense aircraft and parts..................... 14,081 14,106 14,075 -0.2 0.2 -0.2 14,104 14,109 14,124 13,803 2.2

 Ships and boats.................................. 4,679 4,641 4,702 0.8 -1.3 0.7 4,759 4,738 4,799 4,779 -0.4

 Furniture and related products.................... 10,263 10,206 10,183 0.6 0.2 -0.4 10,072 10,114 10,237 10,430 -3.4

 Miscellaneous durable goods..................... 27,916 27,932 27,871 -0.1 0.2 0.1 28,225 28,100 28,142 28,018 0.7

 Nondurable goods industries...................... 332,158 332,967 332,215 -0.2 0.2 0.6 334,794 331,988 331,078 343,711 -2.6

 Food products........................................ 70,832 70,893 71,019 -0.1 -0.2 0.0 73,997 71,394 70,498 75,036 -1.4

 Grain and oilseed milling........................ 7,358 7,443 7,593 -1.1 -2.0 -1.2 7,494 7,302 7,370 8,177 -8.4

 Dairy products.................................... 10,709 10,718 10,783 -0.1 -0.6 -0.1 10,427 10,611 10,862 10,270 1.5

 Meat, poultry, and seafood products....... 13,086 13,205 13,183 -0.9 0.2 -0.1 13,381 13,455 13,376 13,925 -3.9

 Beverage and tobacco products................ 30,551 30,816 31,003 -0.9 -0.6 -0.1 30,655 30,361 30,385 31,310 -2.1

 Beverages......................................... 26,905 27,097 27,354 -0.7 -0.9 -0.1 26,930 26,781 27,003 27,446 -1.9

 Tobacco............................................ 3,646 3,719 3,649 -2.0 1.9 -0.1 3,725 3,580 3,382 3,864 -3.6

 Textile mills............................................ 3,543 3,556 3,586 -0.4 -0.8 -0.4 3,511 3,561 3,616 3,676 -4.5

 Textile products...................................... 3,619 3,637 3,644 -0.5 -0.2 -0.7 3,637 3,653 3,642 3,961 -8.2

 Apparel................................................. 2,151 2,155 2,172 -0.2 -0.8 -0.8 2,214 2,230 2,260 2,328 -4.9

 Leather and allied products....................... 1,253 1,265 1,265 -0.9 0.0 0.5 1,246 1,273 1,282 1,364 -8.7

 Paper products....................................... 17,899 17,913 17,907 -0.1 0.0 -0.3 17,638 17,912 18,032 18,286 -3.5

 Pulp, paper, and paperboard mills........... 5,590 5,594 5,576 -0.1 0.3 -0.1 5,463 5,533 5,577 5,541 -1.4

 Paperboard containers......................... 6,724 6,747 6,775 -0.3 -0.4 -0.7 6,634 6,766 6,849 6,895 -3.8

 Printing.................................................. 6,522 6,595 6,721 -1.1 -1.9 -1.3 6,680 6,733 6,803 7,353 -9.2

 Petroleum and coal products..................... 49,557 50,181 48,653 -1.2 3.1 5.2 49,662 49,945 48,338 51,472 -3.5

 Petroleum refineries............................. 42,986 43,585 41,966 -1.4 3.9 6.4 43,321 43,484 41,686 44,698 -3.1

 Chemical products..................................... 112,764 112,483 112,641 0.2 -0.1 -0.1 112,306 111,582 112,593 114,071 -1.5

 Pesticides, fertilizers, and other

 agricultural chemicals........................ 6,170 6,136 6,151 0.6 -0.2 0.1 5,969 5,874 5,969 6,001 -0.5

 Pharmaceuticals and medicines.............. 47,848 47,950 47,798 -0.2 0.3 0.1 47,979 47,611 47,368 46,735 2.7

 Paints, coatings, and adhesives.............. 5,539 5,589 5,668 -0.9 -1.4 -0.8 5,413 5,486 5,615 5,914 -8.5

 Plastics and rubber products..................... 33,467 33,473 33,604 0.0 -0.4 -0.7 33,248 33,344 33,629 34,854 -4.6

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/>. 

The Census Bureau has reviewed this data product to ensure appropriate access, use, and disclosure avoidance protection of the confidential source data (Project No. P-6000307, Disclosure Review Board (DRB) approval number: CBDRB-FY23-0265). 

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, October Full Report, December 4, 2023. Information on data sources and methodology can be found on our website at 

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

 Topical Series1, 2

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

Seasonally Adjusted Not Seasonally Adjusted

Monthly Percent Change Monthly Year to date

Industry % Change6

Oct. Sep. Aug. Sep. - Aug. - July - Oct. Sep. Aug. Oct. 2023/

2023p 2023r 2023 Oct. Sep. Aug. 2023p 2023r 2023 2022 2023p 2022 2022

SHIPMENTS

 All manufacturing industries......................... 577,765 585,918 585,976 -1.4 0.0 1.3 591,613 601,021 611,986 596,864 5,801,531 5,784,124 0.3

 Construction materials and supplies....... 62,766 62,713 62,672 0.1 0.1 0.4 65,898 64,442 68,768 64,395 633,375 632,839 0.1

 Information technology......................... 24,796 24,744 24,754 0.2 0.0 0.1 24,628 27,276 24,655 24,131 242,778 237,226 2.3

 Computers and related products........... 2,054 2,047 2,055 0.3 -0.4 4.0 2,032 2,271 2,070 1,870 19,777 16,914 16.9

 Motor vehicle and parts......................... 59,350 61,584 63,270 -3.6 -2.7 0.2 61,474 64,052 68,925 62,991 620,870 588,955 5.4

 Capital goods...................................... 96,745 96,681 96,893 0.1 -0.2 1.3 95,535 103,636 96,556 90,930 948,176 887,318 6.9

 Nondefense capital goods3.................. 82,809 83,054 83,264 -0.3 -0.3 1.1 81,995 88,869 83,193 78,514 816,949 766,101 6.6

 Excluding aircraft............................. 74,266 74,287 74,380 0.0 -0.1 0.7 74,687 77,729 75,491 72,886 738,741 712,954 3.6

 Defense capital goods4........................ 13,936 13,627 13,629 2.3 0.0 2.0 13,540 14,767 13,363 12,416 131,227 121,217 8.3

 Consumer goods.................................. 244,451 252,405 252,142 -3.2 0.1 2.4 252,459 257,456 263,706 266,623 2,466,839 2,517,816 -2.0

 Consumer durable goods..................... 42,754 44,845 46,518 -4.7 -3.6 -0.1 43,816 47,464 50,196 46,562 450,990 433,240 4.1

 Consumer nondurable goods................ 201,697 207,560 205,624 -2.8 0.9 3.0 208,643 209,992 213,510 220,061 2,015,849 2,084,576 -3.3

 All manufacturing industries5...................... 576,757 598,595 585,403 -3.6 2.3 1.0 585,379 613,485 604,203 593,781 5,829,004 5,800,462 0.5

 Construction materials and supplies....... 62,880 62,955 62,652 -0.1 0.5 0.7 64,635 63,834 67,755 63,159 634,290 636,839 -0.4

 Information technology......................... 24,985 24,690 24,751 1.2 -0.2 -0.3 24,480 28,075 23,564 23,920 243,800 239,298 1.9

 Computers and related products........... 2,046 2,046 2,042 0.0 0.2 2.7 2,024 2,270 2,057 1,872 19,769 16,893 17.0

 Motor vehicle and parts......................... 59,483 61,715 63,329 -3.6 -2.5 0.4 61,032 64,294 68,826 62,151 620,046 586,523 5.7

 Capital goods...................................... 100,717 113,563 100,153 -11.3 13.4 -0.9 98,074 121,724 95,678 96,797 1,024,135 950,233 7.8

 Nondefense capital goods3.................. 85,052 101,003 85,849 -15.8 17.7 -3.2 84,385 106,274 83,615 86,480 888,129 831,800 6.8

 Excluding aircraft............................. 73,592 73,812 73,951 -0.3 -0.2 0.9 73,423 76,763 73,585 72,867 736,255 723,492 1.8

 Defense capital goods4........................ 15,665 12,560 14,304 24.7 -12.2 14.9 13,689 15,450 12,063 10,317 136,006 118,433 14.8

 Consumer goods.................................. 244,490 252,436 252,413 -3.1 0.0 2.5 252,455 257,809 263,801 266,593 2,467,374 2,517,283 -2.0

 Consumer durable goods..................... 42,793 44,876 46,789 -4.6 -4.1 0.3 43,812 47,817 50,291 46,532 451,525 432,707 4.3

 Consumer nondurable goods.............. 201,697 207,560 205,624 -2.8 0.9 3.0 208,643 209,992 213,510 220,061 2,015,849 2,084,576 -3.3

 All manufacturing industries5...................... 1,356,813 1,352,860 1,335,197 0.3 1.3 0.3 1,348,126 1,348,681 1,330,509 1,257,034 (X) (X) 7.2

 Construction materials and supplies....... 100,050 99,936 99,694 0.1 0.2 0.0 98,662 99,925 100,533 99,252 (X) (X) -0.6

 Information technology......................... 134,790 134,601 134,655 0.1 0.0 0.0 134,132 134,280 133,481 132,613 (X) (X) 1.1

 Computers and related products........... 1,275 1,283 1,284 -0.6 -0.1 -1.0 1,275 1,283 1,284 1,306 (X) (X) -2.4

 Motor vehicle and parts......................... 35,471 35,338 35,207 0.4 0.4 0.2 34,117 34,559 34,317 33,473 (X) (X) 1.9

 Capital goods...................................... 1,012,846 1,008,874 991,992 0.4 1.7 0.3 1,009,845 1,007,306 989,218 921,944 (X) (X) 9.5

 Nondefense capital goods3.................. 800,607 798,364 780,415 0.3 2.3 0.3 799,824 797,434 780,029 721,404 (X) (X) 10.9

 Excluding aircraft............................. 270,331 271,005 271,480 -0.2 -0.2 -0.2 268,194 269,458 270,424 273,216 (X) (X) -1.8

 Defense capital goods4........................ 212,239 210,510 211,577 0.8 -0.5 0.3 210,021 209,872 209,189 200,540 (X) (X) 4.7

 Consumer goods.................................. 12,388 12,349 12,318 0.3 0.3 2.2 12,413 12,417 12,064 11,862 (X) (X) 4.6

 Consumer durable goods..................... 12,388 12,349 12,318 0.3 0.3 2.2 12,413 12,417 12,064 11,862 (X) (X) 4.6 

 All manufacturing industries....................... 856,987 856,463 855,320 0.1 0.1 0.3 858,827 854,384 856,597 862,456 (X) (X) -0.4

 Construction materials and supplies....... 93,008 92,883 92,846 0.1 0.0 0.0 91,711 91,779 92,254 91,718 (X) (X) 0.0

 Information technology......................... 45,963 45,967 45,972 0.0 0.0 0.1 46,057 45,825 46,610 45,769 (X) (X) 0.6

 Computers and related products........... 3,454 3,521 3,533 -1.9 -0.3 -1.0 3,451 3,625 3,673 3,802 (X) (X) -9.2

 Motor vehicle and parts......................... 54,666 54,106 53,704 1.0 0.7 0.3 55,125 54,373 54,529 53,995 (X) (X) 2.1

 Capital goods...................................... 251,455 250,843 250,423 0.2 0.2 0.4 251,730 251,040 252,400 245,881 (X) (X) 2.4

 Nondefense capital goods3.................. 227,260 226,619 226,094 0.3 0.2 0.4 227,492 226,813 227,969 222,329 (X) (X) 2.3

 Excluding aircraft............................. 162,999 162,813 162,508 0.1 0.2 0.3 162,258 162,414 163,368 157,496 (X) (X) 3.0

 Defense capital goods4........................ 24,195 24,224 24,329 -0.1 -0.4 0.6 24,238 24,227 24,431 23,552 (X) (X) 2.9

 Consumer goods.................................. 255,621 256,668 255,215 -0.4 0.6 0.8 260,047 256,877 254,737 264,687 (X) (X) -1.8

 Consumer durable goods..................... 41,975 41,942 41,839 0.1 0.2 -0.6 42,748 42,433 43,020 44,204 (X) (X) -3.3

 Consumer nondurable goods................ 213,646 214,726 213,376 -0.5 0.6 1.1 217,299 214,444 211,717 220,483 (X) (X) -1.4

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

are not adjusted for price changes. 

2 Topical series are regroupings of the separate industry categories. 

3

 Nondefense capital goods industries include: small arms and ordnance; farm machinery and equipment; construction machinery; mining, oil, and gas field machinery; industrial machinery; vending, laundry, and other machinery; photographic equipment; 

metalworking machinery; turbines and generators; other power transmission equipment; pumps and compressors; material handling equipment; all other machinery; electronic computers; computer storage devices; other computer peripheral equipment; 

communications equipment; search and navigation equipment; electromedical, measuring, and control instruments; electrical equipment; other electrical equipment, appliances, and components; heavy duty trucks; aircraft; railroad rolling stock; ships and 

boats; office and institutional furniture; and medical equipment and supplies. 

4

 Defense capital goods industries include: small arms and ordnance; communications equipment; aircraft; missiles, space vehicles, and parts; ships and boats; and search and navigation equipment. 

5 Estimates and percent changes exclude semiconductor industry data. 

6

 Based on year-to-date for shipments and new orders, but on same month prior year for unfilled orders and inventories. 

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

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

The Census Bureau has reviewed this data product to ensure appropriate access, use, and disclosure avoidance protection of the confidential source data (Project No. P-6000307, Disclosure Review Board (DRB) approval number: CBDRB-FY23-0265). 

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, October Full Report, December 4, 2023. Information on data sources and methodology can be found on our website at 

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

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

Seasonally Adjusted Not Seasonally Adjusted

Monthly Percent Change Monthly % Change

Industry October

Oct. Sep. Aug. Sep. - Aug. - July - Oct. Sep. Aug. Oct. 2023/

2023p 2023r 2023 Oct. Sep. Aug. 2023p 2023r 2023 2022 2022

MATERIALS AND SUPPLIES

 All manufacturing industries....................... 315,721 315,488 315,036 0.1 0.1 0.0 316,073 314,608 315,002 319,004 -0.9

 Durable goods industries.......................... 197,317 197,185 197,137 0.1 0.0 -0.2 196,852 197,323 197,836 195,055 0.9

 Wood products................................... 7,642 7,593 7,560 0.6 0.4 -0.4 7,685 7,537 7,520 7,832 -1.9

 Nonmetallic mineral products................. 7,675 7,708 7,743 -0.4 -0.5 0.4 7,611 7,678 7,735 7,409 2.7

 Primary metals.................................... 18,439 18,724 18,754 -1.5 -0.2 -0.2 18,481 18,782 18,614 19,611 -5.8

 Fabricated metal products.......................... 24,244 24,266 24,287 -0.1 -0.1 -0.3 24,067 24,459 24,435 25,104 -4.1

 Machinery.......................................... 40,466 40,431 40,707 0.1 -0.7 -0.2 40,403 40,411 40,838 39,459 2.4

 Computers and electronic products........ 27,039 26,992 26,789 0.2 0.8 0.4 27,158 27,038 27,059 25,965 4.6

 Electrical equipment, appliances,

 and components............................... 12,896 12,899 12,773 0.0 1.0 0.8 12,599 12,640 12,837 11,796 6.8

 Transportation equipment..................... 43,808 43,471 43,512 0.8 -0.1 -1.0 43,872 43,679 43,695 43,012 2.0

 Furniture and related products............... 5,301 5,301 5,247 0.0 1.0 0.0 5,099 5,212 5,247 5,129 -0.6

 Miscellaneous products......................... 9,807 9,800 9,765 0.1 0.4 -0.3 9,877 9,887 9,856 9,738 1.4

 Nondurable goods industries...................... 118,404 118,303 117,899 0.1 0.3 0.3 119,221 117,285 117,166 123,949 -3.8

 Food products.................................... 26,452 25,985 25,999 1.8 -0.1 0.1 27,367 25,776 25,608 27,366 0.0

 Beverage and tobacco products........................ 6,255 6,405 6,477 -2.3 -1.1 0.7 6,278 6,262 6,158 6,388 -1.7

 Textiles.............................................. 1,473 1,477 1,467 -0.3 0.7 0.6 1,454 1,476 1,476 1,464 -0.7

 Textile products................................... 1,690 1,691 1,698 -0.1 -0.4 -0.6 1,691 1,696 1,702 1,750 -3.4

 Apparel............................................. 563 566 566 -0.5 0.0 0.2 575 575 578 658 -12.6

 Leather and allied products.................... 374 377 385 -0.8 -2.1 0.3 369 379 391 422 -12.6

 Paper products.................................... 9,257 9,265 9,294 -0.1 -0.3 -0.9 9,157 9,301 9,386 9,674 -5.3

 Printing ............................................. 3,325 3,392 3,479 -2.0 -2.5 -0.8 3,374 3,470 3,498 3,843 -12.2

 Petroleum and coal products................. 15,062 15,169 14,083 -0.7 7.7 5.6 15,256 14,763 13,851 16,016 -4.7

 Chemical products................................ 39,400 39,410 39,849 0.0 -1.1 0.1 39,269 39,014 39,751 40,618 -3.3

 Plastics and rubber products.................. 14,553 14,566 14,602 -0.1 -0.2 -2.5 14,431 14,573 14,767 15,750 -8.4

WORK IN PROCESS

 All manufacturing industries....................... 242,622 242,427 242,220 0.1 0.1 0.9 243,693 241,221 242,825 242,950 0.3

 Durable goods industries.......................... 179,328 178,193 177,494 0.6 0.4 0.4 179,763 178,305 178,819 178,843 0.5

 Wood products................................... 1,807 1,806 1,787 0.1 1.1 -1.3 1,792 1,775 1,765 2,145 -16.5

 Nonmetallic mineral products................. 1,795 1,772 1,764 1.3 0.5 1.3 1,722 1,731 1,746 1,551 11.0

 Primary metals.................................... 12,339 12,319 12,284 0.2 0.3 -0.4 12,356 12,305 12,470 13,295 -7.1

 Fabricated metal products.......................... 17,323 17,286 17,160 0.2 0.7 0.9 17,236 17,227 17,196 16,301 5.7

 Machinery.......................................... 24,481 24,312 24,071 0.7 1.0 -0.2 24,133 24,438 24,225 23,445 2.9

 Computers and electronic products........ 13,947 13,775 13,887 1.2 -0.8 0.6 13,953 13,451 13,665 14,639 -4.7

 Electrical equipment, appliances,

 and components............................... 4,592 4,619 4,687 -0.6 -1.5 1.0 4,520 4,536 4,729 4,562 -0.9

 Transportation equipment..................... 96,820 96,111 95,635 0.7 0.5 0.7 97,772 96,617 96,715 96,632 1.2

 Furniture and related products............... 1,429 1,406 1,435 1.6 -2.0 -3.6 1,430 1,402 1,438 1,538 -7.0

 Miscellaneous products......................... 4,795 4,787 4,784 0.2 0.1 0.6 4,849 4,823 4,870 4,735 2.4

 Nondurable goods industries...................... 63,294 64,234 64,726 -1.5 -0.8 2.3 63,930 62,916 64,006 64,107 -0.3

 Food products.................................... 6,243 7,189 7,454 -13.2 -3.6 -1.9 7,025 6,715 6,972 8,940 -21.4

 Beverage and tobacco products........................ 11,301 11,291 11,285 0.1 0.1 0.0 11,433 11,090 10,926 10,894 4.9

 Textiles.............................................. 560 558 570 0.4 -2.1 -0.9 560 563 577 613 -8.6

 Textile products................................... 470 466 457 0.9 2.0 0.4 472 475 459 487 -3.1

 Apparel............................................. 310 300 294 3.3 2.0 -0.7 322 311 304 284 13.4

 Leather and allied products.................... 149 140 135 6.4 3.7 -2.2 147 138 137 129 14.0

 Paper products.................................... 1,762 1,774 1,762 -0.7 0.7 -0.9 1,736 1,759 1,791 1,628 6.6

 Printing ............................................. 1,141 1,155 1,166 -1.2 -0.9 0.0 1,206 1,216 1,206 1,332 -9.5

 Petroleum and coal products................. 17,993 18,076 17,887 -0.5 1.1 8.5 17,822 17,996 17,845 17,172 3.8

 Chemical products................................ 19,449 19,431 19,633 0.1 -1.0 0.0 19,248 18,793 19,706 18,711 2.9

 Plastics and rubber products.................. 3,916 3,854 4,083 1.6 -5.6 5.5 3,959 3,860 4,083 3,917 1.1

FINISHED GOODS

 All manufacturing industries....................... 298,644 298,548 298,064 0.0 0.2 0.2 299,061 298,555 298,770 300,502 -0.5

 Durable goods industries.......................... 148,184 148,118 148,474 0.0 -0.2 0.3 147,418 146,768 148,864 144,847 1.8

 Wood products................................... 6,522 6,532 6,526 -0.2 0.1 1.5 6,357 6,257 6,308 6,473 -1.8

 Nonmetallic mineral products................. 7,816 7,776 7,761 0.5 0.2 0.3 7,572 7,643 7,683 7,386 2.5

 Primary metals.................................... 15,194 15,220 15,415 -0.2 -1.3 0.5 14,706 14,957 15,130 14,539 1.1

 Fabricated metal products.......................... 23,112 23,131 23,329 -0.1 -0.8 -0.3 22,673 22,726 23,355 22,875 -0.9

 Machinery.......................................... 30,122 30,182 29,975 -0.2 0.7 0.7 29,872 29,858 29,581 27,880 7.1

 Computers and electronic products........ 14,344 14,383 14,452 -0.3 -0.5 -0.2 14,568 14,313 14,686 15,073 -3.4

 Electrical equipment, appliances,

 and components............................... 8,954 8,823 8,930 1.5 -1.2 -1.0 8,789 8,635 9,028 8,576 2.5

 Transportation equipment..................... 25,273 25,227 25,263 0.2 -0.1 0.9 25,839 25,489 26,125 24,737 4.5

 Furniture and related products............... 3,533 3,499 3,501 1.0 -0.1 0.2 3,543 3,500 3,552 3,763 -5.8

 Miscellaneous products......................... 13,314 13,345 13,322 -0.2 0.2 0.2 13,499 13,390 13,416 13,545 -0.3

 Nondurable goods industries...................... 150,460 150,430 149,590 0.0 0.6 0.1 151,643 151,787 149,906 155,655 -2.6

 Food products.................................... 38,137 37,719 37,566 1.1 0.4 0.4 39,605 38,903 37,918 38,730 2.3

 Beverage and tobacco products........................ 12,995 13,120 13,241 -1.0 -0.9 -0.6 12,944 13,009 13,301 14,028 -7.7

 Textiles.............................................. 1,510 1,521 1,549 -0.7 -1.8 -1.3 1,497 1,522 1,563 1,599 -6.4

 Textile products................................... 1,459 1,480 1,489 -1.4 -0.6 -1.0 1,474 1,482 1,481 1,724 -14.5

 Apparel............................................. 1,278 1,289 1,312 -0.9 -1.8 -1.2 1,317 1,344 1,378 1,386 -5.0

 Leather and allied products.................... 730 748 745 -2.4 0.4 1.1 730 756 754 813 -10.2

 Paper products.................................... 6,880 6,874 6,851 0.1 0.3 0.6 6,745 6,852 6,855 6,984 -3.4

 Printing ............................................. 2,056 2,048 2,076 0.4 -1.3 -2.9 2,100 2,047 2,099 2,178 -3.6

 Petroleum and coal products................. 16,502 16,936 16,683 -2.6 1.5 1.6 16,584 17,186 16,642 18,284 -9.3

 Chemical products................................ 53,915 53,642 53,159 0.5 0.9 -0.2 53,789 53,775 53,136 54,742 -1.7

 Plastics and rubber products.................. 14,998 15,053 14,919 -0.4 0.9 -0.5 14,858 14,911 14,779 15,187 -2.2

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. 

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

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

The Census Bureau has reviewed this data product to ensure appropriate access, use, and disclosure avoidance protection of the confidential source data (Project No. P-6000307, Disclosure Review Board (DRB) approval number: CBDRB-FY23-

0265). 

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, October Full Report, December 4, 2023. Information on data sources and methodology can be found on our website at 

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

 to Shipments, by Industry Group 1

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

Inventory/Shipments ratio Unfilled Orders/Shipments ratio2

Industry Oct Sep Aug Jul Oct Sep Aug Jul

2023p 2023r 2023 2023 2023p 2023r 2023 2023

All manufacturing industries3.................................... 1.48 1.46 1.46 1.47 (X) (X) (X) (X)

Durable goods industries3........................................ 1.87 1.85 1.84 1.84 6.90 6.88 6.78 6.80

 Wood products........................................................... 1.20 1.19 1.19 1.19 (X) (X) (X) (X)

 Nonmetallic mineral products............................. 1.30 1.30 1.30 1.30 (X) (X) (X) (X)

 Primary metals............................................................ 1.74 1.75 1.75 1.75 1.46 1.45 1.44 1.43

 Fabricated metal products...................................... 1.80 1.79 1.81 1.81 3.70 3.67 3.70 3.70

 Machinery..................................................................... 2.49 2.49 2.47 2.50 3.97 4.01 3.99 4.04

 Computers and electronic products3................... 1.87 1.86 1.88 1.87 5.91 5.94 5.98 6.02

 Electrical equipment, appliances,

 and components.................................................... 1.86 1.84 1.86 1.88 3.42 3.40 3.42 3.47

 Transportation equipment..................................... 1.88 1.82 1.78 1.79 14.85 14.79 14.37 14.45

 Furniture and related products............................ 1.53 1.51 1.52 1.52 1.79 1.78 1.81 1.80

 Miscellaneous products.......................................... 1.94 1.95 1.92 1.92 (X) (X) (X) (X)

Nondurable goods industries................................... 1.12 1.10 1.10 1.12 (X) (X) (X) (X)

 Food products............................................................. 0.88 0.89 0.89 0.89 (X) (X) (X) (X)

 Beverage and tobacco products........................... 1.69 1.70 1.73 1.74 (X) (X) (X) (X)

 Textiles.......................................................................... 1.69 1.69 1.71 1.72 (X) (X) (X) (X)

 Textile products......................................................... 1.82 1.84 1.83 1.86 (X) (X) (X) (X)

 Apparel........................................................................ 2.62 2.60 2.55 2.56 (X) (X) (X) (X)

 Leather and allied products................................ 2.40 2.69 2.67 2.64 (X) (X) (X) (X)

 Paper products.......................................................... 1.04 1.04 1.04 1.04 (X) (X) (X) (X)

 Printing........................................................................ 0.90 0.91 0.92 0.93 (X) (X) (X) (X)

 Petroleum and coal products............................... 0.74 0.69 0.68 0.70 (X) (X) (X) (X)

 Chemical products................................................... 1.45 1.45 1.45 1.45 (X) (X) (X) (X)

 Plastics and rubber products................................ 1.35 1.35 1.36 1.38 (X) (X) (X) (X)

Oct3 Oct3 Oct3 Oct3

Industry 2022- 2022- 2022- 2022-

Oct2 Sep Oct2 Sep Oct2 Sep Oct2 Sep

2023 2023 2023 2023 2023 2023 2023 2023

All manufacturing industries.................. (X) 0.2 (X) 0.3 (X) 0.0 (X) 0.1

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

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

 Nonmetallic mineral products.............. (X) 0.3 (X) (NA) (X) (NA) (X) 0.2

 Primary metals............................................. 0.2 0.2 0.2 0.3 0.0 0.1 -0.2 0.2

 Fabricated metal products.................... 0.2 0.2 0.0 0.3 0.0 0.1 -0.1 0.1

 Machinery...................................................... -0.1 0.2 -0.3 0.5 0.0 0.1 0.0 0.1

 Computers and electronic products..... 0.0 0.2 0.0 0.4 0.0 0.1 0.0 0.1

 Electrical equipment, appliances,

 and components..................................... 0.0 0.2 -1.0 0.8 -0.2 0.2 0.0 0.2

 Transportation equipment.................... 0.1 0.4 0.1 1.1 0.0 0.1 0.1 0.1

 Furniture and related products............. (X) 0.3 (X) 0.8 (X) 0.3 (X) 0.3

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

Nondurable goods industries................... (X) 0.4 (X) (NA) (X) (NA) (X) 0.1

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

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

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

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

 Apparel......................................................... (X) 0.4 (X) (NA) (X) (NA) (X) 0.5

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

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

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

 Petroleum and coal products............... (X) 1.3 (X) (NA) (X) (NA) (X) 0.5

 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 

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/>. 

The Census Bureau has reviewed this data product to ensure appropriate access, use, and disclosure avoidance protection of the confidential source data 

(Project No. P-6000307, Disclosure Review Board (DRB) approval number: CBDRB-FY23-0265). 

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, October Full Report, December 4, 2023. Information on data 

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

X Not Applicable 

NA Not Available 

1

 Estimates of shipments and new orders are for the duration of the period, while estimates of unfilled orders and total inventories are for the 

end of the period. Not seasonally adjusted estimates of shipments and new orders include adjusted data for non-calendar reporters. Seasonally 

adjusted estimates include concurrent adjustments for holiday and trading-day differences, where appropriate, as well as seasonal variation, 

based on the results of the latest annual review of the model parameters. Estimates are not adjusted for price changes. 

2

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

3

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

monthly averages are the simple averages of the absolute values of the differences for the months specified. The advance to final percent 

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

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

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

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

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

The Census Bureau has reviewed this data product to ensure appropriate access, use, and disclosure avoidance protection of the confidential 

source data (Project No. P-6000307, Disclosure Review Board (DRB) approval number: CBDRB-FY23-0265). 

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, October Full Report, December 4, 2023. 

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

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

Table 8. Revisions to Previously Published Monthly Percent Changes 1

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

Shipments New Orders Unfilled Orders Inventories