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FOR RELEASE AT 10:00 AM EDT, TUESDAY, JULY 3, 2018 

MONTHLY FULL REPORT ON MANUFACTURERS’ SHIPMENTS, INVENTORIES 

AND ORDERS MAY 2018 

Release Number: CB 18-103 M3-2 (18)-05 

July 3, 2018 — The U.S. Census Bureau announces the May full report on manufacturers’ shipments, 

inventories and orders: 

MANUFACTURED GOODS – NEW ORDERS

MAY 2018 $498.2 billion            +0.4%°

APRIL 2018  

(revised) $496.4 billion             ‐0.4%°

Next release: August 2, 2018

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, 

July 3, 2018. 

Summary 

New orders for manufactured goods in May, up three of the last four months, increased $1.8 billion or 0.4 

percent to $498.2 billion, the U.S. Census Bureau reported today. This followed a 0.4 percent April 

decrease. Shipments, up twelve of the last thirteen months, increased $2.8 billion or 0.6 percent to $496.1 

billion. This followed a 0.1 percent April increase. Unfilled orders, up six of the last seven months, 

increased $6.2 billion or 0.5 percent to $1,160.8 billion. This followed a 0.6 percent April increase. The 

unfilled orders-to-shipments ratio was 6.68, down from 6.73 in April. Inventories, up nineteen consecutive 

months, increased $1.3 billion or 0.2 percent to $668.4 billion. This followed a 0.4 percent April increase. 

The inventories-to-shipments ratio was 1.35, unchanged from April. 

New Orders 

New orders for manufactured durable goods in May, down two consecutive months, decreased $0.9 billion 

or 0.4 percent to $249.2 billion, up from the previously published 0.6 percent decrease. This followed a 1.0 

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

$0.9 billion or 1.1 percent to $86.1 billion. New orders for manufactured nondurable goods increased $2.7 

billion or 1.1 percent to $249.0 billion.

Jun-17 Jul-17 Aug-17 Sep-17 Oct-17 Nov-17 Dec-17 Jan-18 Feb-18 Mar-18 Apr-18 May-18

% Change 3.6% -3.4% 1.6% 2.9% -1.5% 2.0% 1.8% -1.6% 2.0% 1.7% -0.4% 0.4%

-4.0%

-3.0%

-2.0%

-1.0%

0.0%

1.0%

2.0%

3.0%

4.0%

MANUFACTURERS' NEW ORDERS 2017-2018

Seasonally Adjusted, Month-To-Month Percentage Change

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

July 3, 2018
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Shipments 

Shipments of manufactured durable goods in May, up nine of the last ten months, increased $0.1 billion or 

virtually unchanged to $247.1 billion, up from the previously published 0.1 percent decrease. This followed 

a virtually unchanged April decrease. Machinery, up three of the last four months, drove the increase, $0.2 

billion or 0.7 percent to $32.4 billion. Shipments of manufactured nondurable goods, up eleven of the last 

twelve months, increased $2.7 billion or 1.1 percent to $249.0 billion. This followed a 0.3 percent April 

increase. Petroleum and coal products, up ten of the last eleven months, led the increase, $1.8 billion or 3.4 

percent to $55.5 billion. 

Unfilled Orders 

Unfilled orders for manufactured durable goods in May, up six of the last seven months, increased $6.2 

billion or 0.5 percent to $1,160.8 billion, unchanged from the previously published increase. This followed 

a 0.6 percent April increase. Transportation equipment, also up six of the last seven months, led the 

increase, $3.9 billion or 0.5 percent to $800.2 billion. 

Inventories

Inventories of manufactured durable goods in May, up eighteen of the last nineteen months, increased $1.3 

billion or 0.3 percent to $403.3 billion, unchanged from the previously published increase. This followed a 

0.4 percent April increase. Transportation equipment, up five of the last six months, led the increase, $0.5 

billion or 0.4 percent to $129.0 billion. Inventories of manufactured nondurable goods, up eleven 

consecutive months, increased less than $0.1 billion or virtually unchanged to $265.1 billion. This followed 

a 0.4 percent April increase. Chemical products, up seven of the last eight months, drove the increase, $0.1 

billion or 0.1 percent to $87.9 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 0.3 

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

percent in both durable goods and nondurable goods. 

The Advance Report on durable goods for June is scheduled for release on July 26, 2018 at 8:30 a.m. EDT 

and the Full Report on August 2, 2018 at 10:00 a.m. EDT. View the full schedule in the Economic Briefing 

Room: <www.census.gov/economic-indicators/>. The full text and tables of this release can be found at 

<www.census.gov/m3>.

EXPLANATORY NOTES 

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

data for semiconductor manufacturing. 

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

RESOURCES 

API 

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

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

before. 

<www.census.gov/developers/>. 
Data Inquiries Media Inquiries

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NEW TIME SERIES 

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

Report on Manufacturers’ Shipments, Inventories and Orders will be available on a seasonally adjusted 

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

monthly data for the Advance report will be available in the Census Application Programming Interface 

(API). 

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. 

Benchmark notice 

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

issued on May 17, 2018. These revisions result from: 

• benchmarking the M3 shipments and inventories data to the 2016 Annual Survey of Manufactures 

(ASM) and revised 2015 ASM data on a 2012 NAICS basis; 

• incorporating the unfilled orders to shipments ratios obtained from the 2016/2015 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 shipments data; 

• adjusting the new orders data to be consistent with the benchmarked shipments and unfilled orders data; 

• correcting monthly data for late receipts, reclassifications of reported data, and revisions to previously 

reported data; 

• updating the seasonally adjusted data based on the results of benchmarking and the recent annual review 

of the seasonal adjustment models. 

These revisions spanned the seasonally adjusted data for January 2002 through March 2018 and the data not 

seasonally adjusted for January 2007 through March 2018. An updated Press Release contains revised 

monthly tables for January 2018 through March 2018. Please call M3 staff on (301) 763-4832 with any 

questions. 

###
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 2018/

2018p 2018r 2018 May Apr. Mar. 2018p 2018r 2018 2017 2018p 2017 2017

 All manufacturing industries.................. 496,074 493,302 492,699 0.6 0.1 0.7 514,863 489,659 518,285 478,519 2,431,643 2,267,714 7.2

 Excluding transportation................... 413,906 410,658 408,057 0.8 0.6 0.3 429,851 408,632 423,257 395,660 2,019,247 1,876,271 7.6

 Excluding defense.............................. 482,529 479,413 480,177 0.6 -0.2 0.8 501,702 477,142 503,911 466,734 2,368,317 2,210,075 7.2

 With unfilled orders............................ 173,762 171,606 172,312 1.3 -0.4 1.1 179,463 167,448 186,953 167,154 844,610 784,716 7.6

 Durable goods industries......................... 247,098 247,002 247,016 0.0 0.0 0.8 254,434 243,975 266,715 240,593 1,214,667 1,134,937 7.0

 Wood products....................................... 9,394 9,286 9,305 1.2 -0.2 -0.5 10,223 9,865 9,322 9,780 45,972 44,483 3.3

 Nonmetallic mineral products.................... 10,860 10,887 10,765 -0.2 1.1 0.1 11,593 10,915 10,652 11,165 51,749 49,907 3.7

 Primary metals....................................... 21,218 21,308 20,792 -0.4 2.5 2.8 22,496 21,732 22,103 19,608 105,482 92,370 14.2

 Iron and steel mills............................ 10,565 10,597 10,220 -0.3 3.7 4.0 11,270 10,787 10,737 9,634 51,793 44,905 15.3

 Aluminum and nonferrous metals.......... 9,272 9,314 9,189 -0.5 1.4 1.9 9,777 9,537 9,892 8,541 46,776 40,857 14.5

 Ferrous metal foundries....................... 1,381 1,397 1,383 -1.1 1.0 0.3 1,449 1,408 1,474 1,433 6,913 6,608 4.6

 Fabricated metal products....................... 32,777 32,646 31,937 0.4 2.2 -0.1 34,296 32,677 32,970 31,368 159,825 144,343 10.7

 Machinery............................................. 32,417 32,195 32,079 0.7 0.4 -1.4 33,732 32,539 35,617 31,959 161,117 148,997 8.1

 Farm machinery................................. 2,591 2,499 2,457 3.7 1.7 0.9 2,793 3,175 3,122 2,253 14,008 11,434 22.5

 Construction machinery..................... 2,960 2,986 2,845 -0.9 5.0 -5.4 3,118 3,152 3,162 2,813 14,768 13,049 13.2

 Mining, oil field, and 

 gas field machinery.......................... 1,638 1,624 1,474 0.9 10.2 -0.4 1,562 1,483 1,563 1,457 7,517 6,753 11.3

 Industrial machinery.......................... 2,549 2,606 2,539 -2.2 2.6 -2.9 2,399 2,492 2,893 2,449 12,221 12,390 -1.4

 Photographic equipment...................... 525 529 525 -0.8 0.8 -2.8 519 474 629 518 2,535 2,555 -0.8

 Ventilation, heating, air-conditioning,

 and refrigeration equipment............ 3,726 3,763 3,787 -1.0 -0.6 2.0 4,085 3,701 4,139 4,036 18,013 17,539 2.7

 Metalworking machinery..................... 2,748 2,784 2,793 -1.3 -0.3 -6.1 2,787 2,561 2,986 2,568 13,563 12,161 11.5

 Turbines, generators, and other

 power transmission equipment....... 4,137 3,917 4,217 5.6 -7.1 1.7 4,327 4,017 4,385 4,159 20,706 18,935 9.4

 Material handling equipment............... 2,717 2,693 2,683 0.9 0.4 -0.1 2,810 2,626 2,877 2,573 13,265 12,138 9.3

 Computers and electronic products2

.......... 26,590 26,478 26,071 0.4 1.6 -0.8 25,085 24,359 28,053 23,483 124,286 117,515 5.8

 Computers........................................ 799 773 736 3.4 5.0 -3.3 755 737 763 800 3,418 3,964 -13.8

 Computer storage devices..................... 267 276 252 -3.3 9.5 -12.2 196 195 359 440 1,174 2,372 -50.5

 Other peripheral equipment................ 733 771 643 -4.9 19.9 -6.0 667 666 739 574 3,229 2,712 19.1

 Nondefense communications

 equipment.................................... 3,166 3,209 3,114 -1.3 3.1 1.9 2,921 2,846 3,645 2,705 14,345 12,886 11.3

 Defense communications equipment.... 260 278 266 -6.5 4.5 1.1 276 271 288 248 1,309 1,191 9.9

 Audio and video equipment.................... 228 242 236 -5.8 2.5 -1.7 215 205 218 245 991 1,118 -11.4

 Electronic components......................... 3,542 3,533 3,527 0.3 0.2 -1.9 3,648 3,369 3,692 3,443 17,094 16,048 6.5

 Nondefense search and navigation

 equipment...................................... 1,506 1,544 1,499 -2.5 3.0 -0.9 1,532 1,382 1,718 1,492 7,399 6,935 6.7

 Defense search and navigation

 equipment..................................... 2,761 2,767 2,731 -0.2 1.3 -0.9 2,669 2,601 2,879 2,541 13,125 12,471 5.2

 Electromedical, measuring,

 and control instruments................. 8,988 9,030 8,978 -0.5 0.6 1.7 8,580 8,224 10,111 7,667 42,290 37,707 12.2

 Electrical equipment, appliances, 

 and components................................... 11,309 11,262 11,179 0.4 0.7 0.9 11,560 10,972 11,812 10,848 54,366 51,508 5.5

 Electric lighting equipment..................... 1,091 1,079 1,052 1.1 2.6 0.1 1,093 1,063 1,074 1,109 5,169 5,262 -1.8

 Household appliances........................ 1,670 1,711 1,697 -2.4 0.8 -0.4 1,741 1,677 1,804 1,845 8,149 8,556 -4.8

 Electrical equipment............................ 3,081 3,049 3,089 1.0 -1.3 0.5 3,155 2,904 3,528 3,007 15,093 14,647 3.0

 Batteries........................................... 954 959 938 -0.5 2.2 2.0 943 896 886 922 4,392 4,223 4.0

 Transportation equipment........................ 82,168 82,644 84,642 -0.6 -2.4 2.5 85,012 81,027 95,028 82,859 412,396 391,443 5.4

 Automobiles..................................... 8,946 9,526 9,548 -6.1 -0.2 -1.1 9,181 9,312 10,346 10,701 47,534 50,163 -5.2

 Light trucks and utility vehicles.............. 17,438 19,293 18,753 -9.6 2.9 3.7 17,497 19,846 21,233 16,677 92,665 81,518 13.7

 Heavy duty trucks ............................. 2,466 2,568 2,649 -4.0 -3.1 -2.5 2,638 2,608 2,906 2,599 12,932 10,986 17.7

 Motor vehicle bodies, parts, 

 and trailers.................................... 26,626 26,614 26,137 0.0 1.8 -0.8 28,324 27,144 28,548 27,223 135,134 129,695 4.2

 Nondefense aircraft and parts................ 13,337 10,884 14,927 22.5 -27.1 16.5 13,842 9,181 17,397 13,049 60,508 59,543 1.6

 Defense aircraft and parts.................. 4,567 4,412 4,180 3.5 5.6 -8.4 4,539 3,653 5,035 4,310 20,594 19,839 3.8

 Ships and boats................................. 2,828 2,878 2,779 -1.7 3.6 -1.0 2,829 2,895 3,066 2,815 13,789 13,291 3.7

 Furniture and related products.................. 6,609 6,519 6,491 1.4 0.4 -0.5 6,662 6,404 6,585 6,271 31,918 30,627 4.2

 Miscellaneous durable goods................. 13,756 13,777 13,755 -0.2 0.2 -0.2 13,775 13,485 14,573 13,252 67,556 63,744 6.0

 Nondurable goods industries..................... 248,976 246,300 245,683 1.1 0.3 0.6 260,429 245,684 251,570 237,926 1,216,976 1,132,777 7.4

 Food products....................................... 67,959 67,982 67,776 0.0 0.3 0.3 68,228 65,939 69,116 66,727 332,480 323,641 2.7

 Grain and oilseed milling....................... 8,144 8,129 8,060 0.2 0.9 1.9 7,830 7,616 8,180 7,206 39,172 36,276 8.0

 Dairy products.................................. 9,540 9,543 9,732 0.0 -1.9 0.0 9,701 9,214 9,954 9,896 46,905 47,860 -2.0

 Meat, poultry, and seafood products... 19,810 19,855 19,374 -0.2 2.5 0.8 20,541 19,688 19,535 19,923 96,088 93,568 2.7

 Beverage and tobacco products................ 12,383 12,166 12,461 1.8 -2.4 1.9 13,209 12,188 12,737 13,285 60,738 61,856 -1.8

 Beverages......................................... 8,724 8,644 8,472 0.9 2.0 -0.6 9,550 8,666 8,748 9,380 42,123 43,194 -2.5

 Tobacco............................................ 3,659 3,522 3,989 3.9 -11.7 7.9 3,659 3,522 3,989 3,905 18,615 18,662 -0.3

 Textile mills........................................... 2,507 2,488 2,458 0.8 1.2 0.2 2,621 2,547 2,574 2,550 12,428 12,159 2.2

 Textile products................................... 2,243 2,249 2,208 -0.3 1.9 0.6 2,325 2,344 2,303 2,188 11,050 10,414 6.1

 Apparel................................................ 958 946 945 1.3 0.1 0.3 915 836 886 868 4,407 4,132 6.7

 Leather and allied products...................... 418 430 418 -2.8 2.9 3.7 427 447 429 418 2,060 2,093 -1.6

 Paper products...................................... 16,081 15,981 16,020 0.6 -0.2 0.4 16,504 15,564 16,303 15,636 79,151 74,678 6.0

 Pulp, paper, and paperboard mills....... 6,557 6,556 6,541 0.0 0.2 0.2 6,659 6,407 6,644 6,581 32,329 31,395 3.0

 Paperboard containers........................ 5,580 5,580 5,554 0.0 0.5 0.5 5,708 5,478 5,665 5,422 27,519 26,100 5.4

 Printing................................................. 6,487 6,503 6,484 -0.2 0.3 -0.5 6,773 6,540 6,620 6,730 32,065 32,303 -0.7

 Petroleum and coal products.................. 55,485 53,652 52,944 3.4 1.3 1.5 60,288 54,113 51,589 44,270 260,693 206,866 26.0

 Petroleum refineries.......................... 51,569 49,747 49,078 3.7 1.4 1.6 56,010 50,322 48,030 40,311 242,746 190,029 27.7

 Chemical products..................................... 64,757 64,152 64,234 0.9 -0.1 0.1 68,288 65,201 68,477 64,778 323,642 308,504 4.9

 Pesticides, fertilizers, and other

 agricultural chemicals....................... 2,508 2,372 2,279 5.7 4.1 -1.3 3,331 3,189 3,165 2,885 14,315 13,936 2.7

 Pharmaceuticals and medicines............. 20,903 20,707 20,703 0.9 0.0 -0.3 21,648 20,496 21,250 20,206 103,194 94,118 9.6

 Paints, coatings, and adhesives.......... 3,865 3,812 3,765 1.4 1.2 1.1 4,446 4,157 4,057 4,064 19,350 17,724 9.2

 Plastics and rubber products.................. 19,698 19,751 19,735 -0.3 0.1 0.1 20,851 19,965 20,536 20,476 98,262 96,131 2.2

Year to date

p

 Preliminary 

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

1

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

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

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

 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 3, 2018. 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 2018/

2018p 2018r 2018 May Apr. Mar. 2018p 2018r 2018 2017 2018p 2017 2017

All manufacturing industries2........................ 498,174 496,409 498,443 0.4 -0.4 1.7 513,424 490,836 529,870 467,363 2,440,581 2,245,901 8.7

 Excluding transportation2

...................... 412,065 409,374 405,746 0.7 0.9 0.5 428,240 408,991 424,101 392,982 2,019,974 1,874,835 7.7

 Excluding defense2

.............................. 482,617 483,009 486,024 -0.1 -0.6 2.4 500,012 479,232 513,364 459,203 2,377,358 2,194,552 8.3

 With unfilled orders2............................. 179,937 178,501 181,891 0.8 -1.9 3.6 181,410 172,254 201,910 159,152 872,281 782,050 11.5

 Durable goods industries2......................... 249,198 250,109 252,760 -0.4 -1.0 2.7 252,995 245,152 278,300 229,437 1,223,605 1,113,124 9.9

 Primary metals........................................ 21,877 21,942 21,415 -0.3 2.5 4.7 22,490 22,392 22,966 19,214 108,515 93,680 15.8

 Iron and steel mills.............................. 10,903 11,061 10,702 -1.4 3.4 5.0 11,190 11,334 11,453 9,581 54,446 45,655 19.3

 Aluminum and nonferrous metals.......... 9,591 9,479 9,327 1.2 1.6 4.7 9,838 9,648 10,047 8,163 47,065 41,264 14.1

 Ferrous metal foundries....................... 1,383 1,402 1,386 -1.4 1.2 2.5 1,462 1,410 1,466 1,470 7,004 6,761 3.6

 Fabricated metal products........................ 33,512 33,876 32,775 -1.1 3.4 1.3 35,676 34,631 34,818 32,252 167,791 149,945 11.9

 Machinery............................................. 32,842 32,459 31,903 1.2 1.7 -3.1 33,660 33,063 35,436 32,134 164,748 154,268 6.8

 Construction machinery........................ 2,998 2,905 2,771 3.2 4.8 -10.0 2,963 3,038 3,156 2,760 15,135 14,086 7.4

 Mining, oil field, and

 gas field machinery.......................... 1,588 1,653 1,535 -3.9 7.7 6.3 1,433 1,434 1,598 1,422 7,482 6,801 10.0

 Industrial machinery............................ 2,587 2,376 2,649 8.9 -10.3 0.9 2,291 2,407 3,075 2,504 12,409 12,798 -3.0

 Photographic equipment....................... 475 470 494 1.1 -4.9 -4.8 420 404 547 460 2,283 2,522 -9.5

 Ventilation, heating, air-conditioning,

 and refrigeration equipment............... 3,977 3,857 3,734 3.1 3.3 -0.8 4,351 3,793 4,192 4,004 18,795 18,028 4.3

 Metalworking machinery....................... 2,791 2,766 2,670 0.9 3.6 -16.0 2,805 2,701 2,776 2,605 14,129 12,523 12.8

 Turbines, generators, and other 

 power transmission equipment........... 4,057 3,924 4,177 3.4 -6.1 1.3 4,114 4,084 4,205 4,037 20,337 18,967 7.2

 Material handling equipment.................. 2,798 2,827 2,757 -1.0 2.5 2.3 2,990 2,695 2,997 2,718 13,944 12,969 7.5

 Computers and electronic products2........... 22,912 22,951 22,513 -0.2 1.9 1.5 21,994 21,158 25,805 19,946 108,386 100,937 7.4

 Computers........................................ 808 783 826 3.2 -5.2 5.6 764 747 853 796 3,555 4,042 -12.0

 Nondefense communications

 equipment...................................... 3,433 3,236 3,100 6.1 4.4 0.8 3,036 2,991 3,725 2,585 15,385 14,413 6.7

 Defense communications equipment....... 268 256 257 4.7 -0.4 -3.0 268 253 328 237 1,326 1,222 8.5

 Electronic components......................... 3,605 3,563 3,587 1.2 -0.7 -2.4 3,721 3,499 3,592 3,502 17,764 16,562 7.3

 Nondefense search and navigation

 equipment...................................... 1,602 1,617 1,606 -0.9 0.7 6.1 1,644 1,549 1,793 1,455 7,838 7,275 7.7

 Defense search and navigation

 equipment...................................... 2,663 2,687 2,848 -0.9 -5.7 10.4 2,381 2,551 3,506 2,216 12,874 12,139 6.1

 Electromedical, measuring,

 and control instruments..................... 9,040 9,253 8,904 -2.3 3.9 0.5 8,862 8,268 10,423 7,722 43,071 38,118 13.0

 Electrical equipment, appliances, 

 and components................................... 11,339 11,379 11,279 -0.4 0.9 2.5 11,625 11,087 12,023 10,910 55,223 52,726 4.7

 Electric lighting equipment..................... 1,040 1,075 1,056 -3.3 1.8 0.9 1,027 1,073 1,087 1,114 5,189 5,381 -3.6

 Household appliances.......................... 1,679 1,712 1,790 -1.9 -4.4 4.7 1,780 1,705 1,957 1,864 8,410 8,638 -2.6

 Electrical equipment............................ 3,069 3,043 3,028 0.9 0.5 -0.3 3,175 2,969 3,406 3,028 15,119 14,957 1.1

 Transportation equipment........................ 86,109 87,035 92,697 -1.1 -6.1 6.9 85,184 81,845 105,769 74,381 420,607 371,066 13.4

 Motor vehicle bodies, parts, 

 and trailers..................................... 26,690 26,614 26,390 0.3 0.8 -0.6 28,462 26,680 28,817 27,413 135,759 130,949 3.7

 Nondefense aircraft and parts................ 14,807 15,930 22,845 -7.0 -30.3 60.8 12,998 11,528 26,361 8,260 68,240 44,798 52.3

 Defense aircraft and parts.................... 4,863 4,017 3,581 21.1 12.2 -7.7 4,404 3,418 4,746 3,274 17,897 22,022 -18.7

 Ships and boats.................................. 3,117 2,938 2,839 6.1 3.5 -53.9 2,613 2,595 3,503 1,523 15,996 7,911 102.2

 Furniture and related products................... 6,581 6,510 6,348 1.1 2.6 -2.2 6,759 6,704 6,931 6,390 33,032 32,340 2.1

 Nondurable goods industries..................... 248,976 246,300 245,683 1.1 0.3 0.6 260,429 245,684 251,570 237,926 1,216,976 1,132,777 7.4

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 3, 2018. 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 2018/

2018p 2018r 2018 May Apr. Mar. 2018p 2018r 2018 2017 2017

All manufacturing industries2...................... 1,160,839 1,154,664 1,147,769 0.5 0.6 0.8 1,164,083 1,162,136 1,157,330 1,112,001 4.7

 Excluding transportation2...................... 360,610 358,376 355,872 0.6 0.7 0.4 366,033 364,258 360,270 347,395 5.4

 Excluding defense2

............................. 980,306 976,143 968,759 0.4 0.8 1.0 984,005 982,309 976,590 935,328 5.2

 Durable goods industries2........................ 1,160,839 1,154,664 1,147,769 0.5 0.6 0.8 1,164,083 1,162,136 1,157,330 1,112,001 4.7

 Primary metals........................................ 30,448 29,789 29,155 2.2 2.2 2.2 30,911 30,917 30,257 27,185 13.7

 Iron and steel mills............................... 16,487 16,149 15,685 2.1 3.0 3.2 16,871 16,951 16,404 13,604 24.0

 Aluminum and nonferrous metals............. 10,789 10,470 10,305 3.0 1.6 1.4 10,795 10,734 10,623 10,564 2.2

 Ferrous metal foundries........................ 3,172 3,170 3,165 0.1 0.2 0.1 3,245 3,232 3,230 3,017 7.6

 Fabricated metal products......................... 83,367 82,632 81,402 0.9 1.5 1.0 85,340 83,960 82,006 77,299 10.4

 Machinery.............................................. 104,148 103,723 103,459 0.4 0.3 -0.2 104,968 105,040 104,516 101,178 3.7

 Construction machinery......................... 6,176 6,138 6,219 0.6 -1.3 -1.2 6,365 6,520 6,634 5,718 11.3

 Mining, oil field, and

 gas field machinery.......................... 4,571 4,621 4,592 -1.1 0.6 1.3 4,504 4,633 4,682 4,554 -1.1

 Industrial machinery............................. 8,580 8,542 8,772 0.4 -2.6 1.3 8,654 8,762 8,847 8,898 -2.7

 Photographic equipment........................ 1,604 1,654 1,713 -3.0 -3.4 -1.8 1,578 1,677 1,747 1,662 -5.1

 Ventilation, heating, air-conditioning,

 and refrigeration equipment................ 6,710 6,459 6,365 3.9 1.5 -0.8 6,893 6,627 6,535 6,012 14.7

 Metalworking machinery........................ 8,201 8,158 8,176 0.5 -0.2 -1.5 8,331 8,313 8,173 8,186 1.8

 Turbines, generators, and other 

 power transmission equipment............ 29,639 29,719 29,712 -0.3 0.0 -0.1 29,451 29,664 29,597 30,093 -2.1

 Material handling equipment................... 11,892 11,811 11,677 0.7 1.1 0.6 12,104 11,924 11,855 10,810 12.0

 Computers and electronic products2............. 114,229 113,832 113,571 0.3 0.2 0.2 115,303 115,008 114,580 112,053 2.9

 Computers......................................... 2,015 2,006 1,996 0.4 0.5 4.7 2,015 2,006 1,996 1,657 21.6

 Nondefense communications

 equipment...................................... 24,353 24,086 24,059 1.1 0.1 -0.1 24,669 24,554 24,409 22,574 9.3

 Defense communications equipment........ 1,456 1,448 1,470 0.6 -1.5 -0.6 1,447 1,455 1,473 1,384 4.6

 Electronic components.......................... 12,309 12,246 12,216 0.5 0.2 0.5 12,492 12,419 12,289 11,626 7.4

 Nondefense search and navigation

 equipment....................................... 19,515 19,419 19,346 0.5 0.4 0.6 19,512 19,400 19,233 18,824 3.7

 Defense search and navigation

 equipment....................................... 26,751 26,849 26,929 -0.4 -0.3 0.4 26,954 27,242 27,292 28,385 -5.0

 Electromedical, measuring,

 and control instruments...................... 27,830 27,778 27,555 0.2 0.8 -0.3 28,214 27,932 27,888 27,603 2.2

 Electrical equipment, appliances, 

 and components.................................... 19,383 19,353 19,236 0.2 0.6 0.5 19,889 19,824 19,709 19,866 0.1

 Electric lighting equipment..................... 1,359 1,410 1,414 -3.6 -0.3 0.3 1,365 1,431 1,421 1,353 0.9

 Household appliances........................... 1,363 1,354 1,353 0.7 0.1 7.4 1,445 1,406 1,378 1,175 23.0

 Electrical equipment............................. 7,717 7,729 7,735 -0.2 -0.1 -0.8 7,861 7,841 7,776 8,121 -3.2

 Transportation equipment......................... 800,229 796,288 791,897 0.5 0.6 1.0 798,050 797,878 797,060 764,606 4.4

 Motor vehicle bodies, parts, 

 and trailers...................................... 26,718 26,654 26,654 0.2 0.0 1.0 27,132 26,994 27,458 25,736 5.4

 Nondefense aircraft and parts................ 602,871 601,401 596,355 0.2 0.8 1.3 600,842 601,686 599,339 572,967 4.9

 Defense aircraft and parts..................... 69,551 69,255 69,650 0.4 -0.6 -0.9 69,797 69,932 70,167 73,979 -5.7

 Ships and boats.................................. 29,610 29,321 29,261 1.0 0.2 0.2 29,261 29,477 29,777 23,848 22.7

 Furniture and related products................... 8,406 8,434 8,443 -0.3 -0.1 -1.7 8,993 8,896 8,596 9,204 -2.3

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 3, 2018. 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 2018/

2018p 2018r 2018 May Apr. Mar. 2018p 2018r 2018 2017 2017

 All manufacturing industries...................... 668,435 667,132 664,712 0.2 0.4 0.2 673,473 670,770 663,752 640,430 5.2

 Excluding transportation........................ 539,455 538,678 536,595 0.1 0.4 0.3 543,336 541,410 535,630 514,832 5.5

 Excluding defense............................. 641,692 640,480 637,762 0.2 0.4 0.2 646,504 644,057 636,825 613,857 5.3

 With unfilled orders............................. 328,064 327,166 325,827 0.3 0.4 0.2 331,059 329,071 324,901 314,906 5.1

 Durable goods industries........................ 403,312 402,026 400,538 0.3 0.4 0.2 406,709 404,268 399,879 386,991 5.1

 Wood products........................................ 12,100 12,101 12,100 0.0 0.0 0.4 11,986 12,067 12,380 11,513 4.1

 Nonmetallic mineral products..................... 14,197 14,127 14,061 0.5 0.5 0.7 14,508 14,415 14,383 13,817 5.0

 Primary metals......................................... 34,711 34,363 34,056 1.0 0.9 1.0 34,685 34,274 33,839 31,832 9.0

 Iron and steel mills............................... 19,505 19,375 19,185 0.7 1.0 0.6 19,336 19,152 19,012 17,773 8.8

 Aluminum and nonferrous metals............ 13,230 13,028 12,920 1.6 0.8 1.6 13,342 13,127 12,858 12,185 9.5

 Ferrous metal foundries........................ 1,976 1,960 1,951 0.8 0.5 0.2 2,007 1,995 1,969 1,874 7.1

 Fabricated metal products......................... 52,285 52,069 51,592 0.4 0.9 0.7 52,719 52,501 51,711 48,680 8.3

 Machinery.............................................. 67,882 67,896 67,751 0.0 0.2 0.7 68,441 68,208 67,599 65,201 5.0

 Farm machinery.................................. 3,596 3,600 3,627 -0.1 -0.7 0.5 3,628 3,649 3,826 3,481 4.2

 Construction machinery......................... 5,502 5,510 5,531 -0.1 -0.4 -0.2 5,498 5,590 5,561 5,152 6.7

 Mining, oil field, 

 and gas field machinery.................... 5,385 5,394 5,356 -0.2 0.7 0.8 5,453 5,453 5,389 5,603 -2.7

 Industrial machinery............................. 8,269 8,294 8,296 -0.3 0.0 1.2 8,288 8,176 8,457 7,821 6.0

 Photographic equipment....................... 1,706 1,704 1,674 0.1 1.8 1.9 1,691 1,666 1,595 1,577 7.2

 Ventilation, heating, air-conditioning,

 and refrigeration equipment............... 4,971 4,984 4,929 -0.3 1.1 0.5 5,288 5,261 5,008 5,087 4.0

 Metalworking machinery........................ 5,874 5,838 5,776 0.6 1.1 -1.0 5,895 5,805 5,707 5,607 5.1

 Turbines, generators, and other

 power transmission equipment............ 9,540 9,562 9,755 -0.2 -2.0 1.5 9,695 9,597 9,475 9,005 7.7

 Material handling equipment.................. 5,646 5,589 5,575 1.0 0.3 0.2 5,586 5,538 5,470 5,038 10.9

 Computers and electronic products2

............ 43,237 43,295 43,211 -0.1 0.2 -0.1 43,996 43,630 42,643 42,467 3.6

 Computers......................................... 1,520 1,507 1,534 0.9 -1.8 -2.0 1,544 1,466 1,473 1,509 2.3

 Computer storage devices.................... 1,047 1,038 1,032 0.9 0.6 -1.6 1,077 1,006 955 1,096 -1.7

 Other peripheral equipment................... 1,109 1,108 1,110 0.1 -0.2 1.1 1,156 1,139 1,068 1,193 -3.1

 Nondefense communications

 equipment...................................... 4,772 4,730 4,609 0.9 2.6 -0.6 4,886 4,704 4,513 4,738 3.1

 Defense communications equipment........ 677 669 662 1.2 1.1 0.3 677 669 662 653 3.7

 Audio and video equipment.................... 550 548 586 0.4 -6.5 3.7 516 521 536 603 -14.4

 Electronic components.......................... 7,269 7,436 7,503 -2.2 -0.9 1.2 7,335 7,691 7,462 7,210 1.7

 Nondefense search and navigation

 equipment...................................... 2,572 2,573 2,581 0.0 -0.3 0.3 2,576 2,584 2,549 2,553 0.9

 Defense search and navigation

 equipment....................................... 2,615 2,617 2,605 -0.1 0.5 0.0 2,726 2,672 2,625 2,645 3.1

 Electromedical, measuring 

 and control instruments...................... 15,270 15,237 15,205 0.2 0.2 0.2 15,585 15,305 15,038 14,861 4.9

 Electrical equipment, appliances, 

 and components.................................... 18,565 18,427 18,400 0.7 0.1 0.3 18,908 18,658 18,414 17,638 7.2

 Electric lighting equipment..................... 2,239 2,210 2,210 1.3 0.0 0.0 2,276 2,227 2,177 2,098 8.5

 Household appliances........................... 2,825 2,810 2,817 0.5 -0.2 -0.1 2,864 2,867 2,844 2,693 6.3

 Electrical equipment............................. 5,147 5,113 5,097 0.7 0.3 0.3 5,288 5,196 5,100 4,903 7.9

 Batteries............................................ 1,846 1,846 1,855 0.0 -0.5 -0.2 1,888 1,855 1,825 1,834 2.9

 Transportation equipment......................... 128,980 128,454 128,117 0.4 0.3 -0.5 130,137 129,360 128,122 125,598 3.6

 Automobiles....................................... 3,929 3,850 3,918 2.1 -1.7 -1.4 3,873 3,918 3,975 3,667 5.6

 Light trucks and utility vehicles.............. 4,675 4,481 4,414 4.3 1.5 0.3 4,687 4,380 4,251 3,930 19.3

 Heavy duty trucks ............................... 2,062 2,061 2,013 0.0 2.4 4.4 2,149 2,121 2,029 1,980 8.5

 Motor vehicle bodies, parts, 

 and trailers...................................... 25,349 25,278 25,326 0.3 -0.2 0.4 25,342 25,205 25,378 23,811 6.4

 Nondefense aircraft and parts................ 65,597 65,548 64,913 0.1 1.0 -1.2 66,669 66,555 65,098 64,999 2.6

 Defense aircraft and parts..................... 12,784 12,724 12,910 0.5 -1.4 0.1 12,882 12,748 12,818 12,654 1.8

 Ships and boats.................................. 2,896 2,882 2,918 0.5 -1.2 -1.9 2,842 2,889 2,963 3,069 -7.4

 Furniture and related products.................... 7,926 7,933 7,936 -0.1 0.0 -0.3 7,986 7,850 7,775 7,581 5.3

 Miscellaneous durable goods..................... 23,429 23,361 23,314 0.3 0.2 0.2 23,343 23,305 23,013 22,664 3.0

 Nondurable goods industries...................... 265,123 265,106 264,174 0.0 0.4 0.1 266,764 266,502 263,873 253,439 5.3

 Food products........................................ 54,572 54,840 54,882 -0.5 -0.1 0.1 53,224 53,722 53,707 53,023 0.4

 Grain and oilseed milling........................ 5,492 5,517 5,454 -0.5 1.2 0.7 5,160 5,432 5,405 5,278 -2.2

 Dairy products.................................... 7,438 7,510 7,532 -1.0 -0.3 0.5 7,668 7,729 7,536 7,960 -3.7

 Meat, poultry, and seafood products....... 9,190 9,268 9,369 -0.8 -1.1 -0.5 9,187 9,200 9,417 9,016 1.9

 Beverage and tobacco products................ 24,712 24,686 24,621 0.1 0.3 0.1 24,676 24,927 24,754 23,952 3.0

 Beverages......................................... 20,015 19,959 19,901 0.3 0.3 0.2 20,103 20,221 19,968 19,384 3.7

 Tobacco............................................ 4,697 4,727 4,720 -0.6 0.1 -0.3 4,573 4,706 4,786 4,568 0.1

 Textile mills............................................ 3,204 3,210 3,192 -0.2 0.6 0.1 3,234 3,228 3,182 3,099 4.4

 Textile products...................................... 3,418 3,407 3,417 0.3 -0.3 0.3 3,434 3,421 3,434 3,357 2.3

 Apparel................................................. 1,845 1,873 1,913 -1.5 -2.1 -0.3 1,834 1,862 1,875 1,880 -2.4

 Leather and allied products....................... 772 775 773 -0.4 0.3 0.5 788 781 756 786 0.3

 Paper products....................................... 15,890 15,826 15,827 0.4 0.0 0.0 15,837 15,872 15,941 15,540 1.9

 Pulp, paper, and paperboard mills........... 6,487 6,482 6,527 0.1 -0.7 0.2 6,496 6,535 6,608 6,552 -0.9

 Paperboard containers......................... 5,007 4,968 4,960 0.8 0.2 0.1 4,971 4,961 4,998 4,667 6.5

 Printing.................................................. 5,459 5,429 5,429 0.6 0.0 0.3 5,387 5,446 5,416 5,324 1.2

 Petroleum and coal products..................... 41,218 41,167 40,820 0.1 0.9 0.0 42,610 41,872 39,989 34,443 23.7

 Petroleum refineries............................. 35,967 35,853 35,599 0.3 0.7 -0.7 37,250 36,512 34,783 29,566 26.0

 Chemical products..................................... 87,912 87,814 87,362 0.1 0.5 0.1 89,258 88,854 88,471 86,750 2.9

 Pesticides, fertilizers, and other

 agricultural chemicals........................ 4,697 4,698 4,603 0.0 2.1 2.4 4,619 4,860 4,911 4,677 -1.2

 Pharmaceuticals and medicines.............. 35,946 35,838 35,457 0.3 1.1 0.4 36,723 36,227 35,889 35,466 3.5

 Paints, coatings, and adhesives.............. 3,885 3,868 3,849 0.4 0.5 0.5 3,982 4,006 3,959 3,741 6.4

 Plastics and rubber products..................... 26,121 26,079 25,938 0.2 0.5 0.3 26,482 26,517 26,348 25,285 4.7

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

 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 3, 2018. 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 2018/

2018p 2018r 2018 May Apr. Mar. 2018p 2018r 2018 2017 2018p 2017 2017

SHIPMENTS

 All manufacturing industries................... 496,074 493,302 492,699 0.6 0.1 0.7 514,863 489,659 518,285 478,519 2,431,643 2,267,714 7.2

 Construction materials and supplies....... 51,144 50,963 50,411 0.4 1.1 0.6 55,002 51,981 50,913 51,908 246,884 232,756 6.1

 Information technology......................... 24,011 24,150 23,637 -0.6 2.2 0.6 23,198 22,267 26,138 21,369 112,557 103,695 8.5

 Computers and related products........... 1,799 1,820 1,631 -1.2 11.6 -5.8 1,618 1,598 1,861 1,814 7,821 9,048 -13.6

 Motor vehicle and parts......................... 55,476 58,001 57,087 -4.4 1.6 0.5 57,640 58,910 63,033 57,200 288,265 272,362 5.8

 Capital goods...................................... 88,031 86,095 88,306 2.2 -2.5 2.1 88,597 81,889 97,981 82,303 421,553 389,397 8.3

 Nondefense capital goods3

.................. 76,479 74,026 77,654 3.3 -4.7 2.7 77,334 70,780 85,881 72,468 367,324 341,314 7.6

 Excluding aircraft............................. 67,349 67,243 66,728 0.2 0.8 -0.7 67,612 65,378 73,191 63,721 327,556 303,517 7.9

 Defense capital goods4........................ 11,552 12,069 10,652 -4.3 13.3 -2.1 11,263 11,109 12,100 9,835 54,229 48,083 12.8

 Consumer goods.................................. 208,774 208,885 207,742 -0.1 0.6 0.8 216,321 207,363 213,382 197,132 1,025,359 940,516 9.0

 Consumer durable goods..................... 39,966 42,407 41,830 -5.8 1.4 1.1 40,806 42,845 46,106 41,124 207,767 197,075 5.4

 Consumer nondurable goods................ 168,808 166,478 165,912 1.4 0.3 0.8 175,515 164,518 167,276 156,008 817,592 743,441 10.0

 All manufacturing industries5

................... 498,174 496,409 498,443 0.4 -0.4 1.7 513,424 490,836 529,870 467,363 2,440,581 2,245,901 8.7

 Construction materials and supplies....... 51,737 51,912 51,097 -0.3 1.6 0.6 56,306 53,613 52,498 52,723 253,704 237,356 6.9

 Information technology......................... 24,379 24,448 23,887 -0.3 2.3 2.4 23,393 22,507 27,447 20,886 115,018 106,424 8.1

 Computers and related products........... 1,808 1,830 1,721 -1.2 6.3 -1.8 1,627 1,608 1,951 1,810 7,958 9,126 -12.8

 Motor vehicle and parts......................... 55,540 58,001 57,340 -4.2 1.2 0.6 57,778 58,446 63,302 57,390 288,890 273,616 5.6

 Capital goods...................................... 90,731 90,170 94,837 0.6 -4.9 4.2 87,277 84,161 108,637 74,229 434,217 378,376 14.8

 Nondefense capital goods3

.................. 77,351 78,584 84,205 -1.6 -6.7 8.7 75,865 74,125 94,171 67,837 379,779 338,310 12.3

 Excluding aircraft............................. 68,069 67,838 66,478 0.3 2.0 -1.0 68,162 66,515 73,995 63,649 334,236 312,799 6.9

 Defense capital goods4

........................ 13,380 11,586 10,632 15.5 9.0 -21.2 11,412 10,036 14,466 6,392 54,438 40,066 35.9

 Consumer goods.................................. 208,729 208,858 207,820 -0.1 0.5 0.9 216,135 207,342 213,592 197,034 1,025,694 940,940 9.0

 Consumer durable goods..................... 39,921 42,380 41,908 -5.8 1.1 1.4 40,620 42,824 46,316 41,026 208,102 197,499 5.4

 Consumer nondurable goods.............. 168,808 166,478 165,912 1.4 0.3 0.8 175,515 164,518 167,276 156,008 817,592 743,441 10.0

 All manufacturing industries5

................... 1,160,839 1,154,664 1,147,769 0.5 0.6 0.8 1,164,083 1,162,136 1,157,330 1,112,001 (X) (X) 4.7

 Construction materials and supplies....... 57,696 57,103 56,154 1.0 1.7 1.2 59,391 58,087 56,455 52,726 (X) (X) 12.6

 Information technology......................... 112,468 112,100 111,802 0.3 0.3 0.2 113,607 113,412 113,172 111,306 (X) (X) 2.1

 Computers and related products........... 2,015 2,006 1,996 0.4 0.5 4.7 2,015 2,006 1,996 1,657 (X) (X) 21.6

 Motor vehicle and parts......................... 26,718 26,654 26,654 0.2 0.0 1.0 27,132 26,994 27,458 25,736 (X) (X) 5.4

 Capital goods...................................... 861,759 859,059 854,984 0.3 0.5 0.8 861,757 863,077 860,805 827,693 (X) (X) 4.1

 Nondefense capital goods3

.................. 714,699 713,827 709,269 0.1 0.6 0.9 715,267 716,736 713,391 687,268 (X) (X) 4.1

 Excluding aircraft............................. 218,596 217,876 217,281 0.3 0.3 -0.1 221,170 220,620 219,483 216,866 (X) (X) 2.0

 Defense capital goods4........................ 147,060 145,232 145,715 1.3 -0.3 0.0 146,490 146,341 147,414 140,425 (X) (X) 4.3

 Consumer goods.................................. 5,027 5,072 5,099 -0.9 -0.5 1.6 5,146 5,332 5,353 4,990 (X) (X) 3.1

 Consumer durable goods..................... 5,027 5,072 5,099 -0.9 -0.5 1.6 5,146 5,332 5,353 4,990 (X) (X) 3.1

 All manufacturing industries................... 668,435 667,132 664,712 0.2 0.4 0.2 673,473 670,770 663,752 640,430 (X) (X) 5.2

 Construction materials and supplies....... 70,797 70,576 70,093 0.3 0.7 0.7 71,776 71,523 70,871 66,992 (X) (X) 7.1

 Information technology......................... 38,584 38,419 38,262 0.4 0.4 0.2 39,261 38,482 37,713 37,775 (X) (X) 3.9

 Computers and related products........... 3,676 3,653 3,676 0.6 -0.6 -1.0 3,777 3,611 3,496 3,798 (X) (X) -0.6

 Motor vehicle and parts......................... 36,015 35,670 35,671 1.0 0.0 0.4 36,051 35,624 35,633 33,388 (X) (X) 8.0

 Capital goods...................................... 199,151 198,558 197,966 0.3 0.3 -0.1 201,545 199,703 197,538 193,492 (X) (X) 4.2

 Nondefense capital goods3

.................. 176,740 176,301 175,394 0.2 0.5 -0.1 179,006 177,409 174,897 171,633 (X) (X) 4.3

 Excluding aircraft............................. 122,994 122,731 122,438 0.2 0.2 0.4 124,228 122,993 121,540 118,886 (X) (X) 4.5

 Defense capital goods4

........................ 22,411 22,257 22,572 0.7 -1.4 0.1 22,539 22,294 22,641 21,859 (X) (X) 3.1

 Consumer goods.................................. 201,094 200,841 200,143 0.1 0.3 0.1 201,543 200,814 198,275 189,682 (X) (X) 6.3

 Consumer durable goods..................... 30,153 29,832 29,813 1.1 0.1 0.1 29,976 29,683 29,416 28,304 (X) (X) 5.9

 Consumer nondurable goods................ 170,941 171,009 170,330 0.0 0.4 0.1 171,567 171,131 168,859 161,378 (X) (X) 6.3

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 3, 2018. 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 2018/

2018p 2018r 2018 May Apr. Mar. 2018p 2018r 2018 2017 2017

MATERIALS AND SUPPLIES

 All manufacturing industries....................... 227,800 227,201 226,050 0.3 0.5 0.4 228,946 227,391 225,546 217,997 5.0

 Durable goods industries.......................... 137,590 136,899 136,110 0.5 0.6 0.7 137,816 136,502 135,439 130,291 5.8

 Wood products................................... 5,067 5,025 5,014 0.8 0.2 1.0 4,800 4,794 4,996 4,475 7.3

 Nonmetallic mineral products................. 5,891 5,863 5,806 0.5 1.0 1.4 5,930 5,897 5,839 5,514 7.5

 Primary metals.................................... 12,497 12,406 12,363 0.7 0.3 -1.2 12,242 12,030 12,087 11,457 6.9

 Fabricated metal products........................ 19,383 19,307 18,988 0.4 1.7 1.0 19,420 19,311 18,902 17,930 8.3

 Machinery.......................................... 26,443 26,287 26,248 0.6 0.1 1.0 26,566 26,279 26,116 24,279 9.4

 Computers and electronic products........ 18,368 18,321 18,069 0.3 1.4 0.1 18,703 18,434 17,935 17,356 7.8

 Electrical equipment, appliances,

 and components............................... 7,722 7,696 7,662 0.3 0.4 2.4 7,840 7,814 7,665 7,249 8.2

 Transportation equipment..................... 30,633 30,463 30,442 0.6 0.1 1.3 30,686 30,469 30,522 30,714 -0.1

 Furniture and related products............... 3,813 3,803 3,795 0.3 0.2 -0.8 3,819 3,781 3,762 3,690 3.5

 Miscellaneous products......................... 7,773 7,728 7,723 0.6 0.1 0.2 7,810 7,693 7,615 7,627 2.4

 Nondurable goods industries...................... 90,210 90,302 89,940 -0.1 0.4 0.0 91,130 90,889 90,107 87,706 3.9

 Food products.................................... 17,937 18,134 18,014 -1.1 0.7 1.3 17,795 17,926 17,726 18,762 -5.2

 Beverage and tobacco products................... 5,936 5,909 5,867 0.5 0.7 -1.3 5,898 5,978 5,958 5,747 2.6

 Textiles.............................................. 1,124 1,122 1,090 0.2 2.9 0.6 1,134 1,129 1,089 1,076 5.4

 Textile products................................... 1,317 1,313 1,314 0.3 -0.1 0.6 1,322 1,307 1,315 1,294 2.2

 Apparel............................................. 486 487 493 -0.2 -1.2 -0.4 489 492 492 539 -9.3

 Leather and allied products.................... 254 246 243 3.3 1.2 0.4 259 246 238 245 5.7

 Paper products.................................... 8,027 7,974 7,969 0.7 0.1 0.1 7,979 7,957 8,048 7,600 5.0

 Printing ............................................. 2,774 2,767 2,785 0.3 -0.6 1.2 2,758 2,785 2,789 2,650 4.1

 Petroleum and coal products................. 11,905 11,984 11,896 -0.7 0.7 -0.7 12,572 12,295 11,836 10,191 23.4

 Chemical products................................ 29,478 29,457 29,471 0.1 0.0 -0.4 29,908 29,802 29,723 29,230 2.3

 Plastics and rubber products.................. 10,972 10,909 10,798 0.6 1.0 -0.2 11,016 10,972 10,893 10,372 6.2

WORK IN PROCESS

 All manufacturing industries....................... 206,668 206,166 205,190 0.2 0.5 0.3 208,625 207,896 205,328 194,005 7.5

 Durable goods industries.......................... 151,374 150,871 150,154 0.3 0.5 -0.3 153,225 152,382 150,296 145,248 5.5

 Wood products................................... 2,239 2,211 2,185 1.3 1.2 0.7 2,265 2,258 2,270 2,006 12.9

 Nonmetallic mineral products................. 1,517 1,529 1,529 -0.8 0.0 -0.8 1,566 1,586 1,592 1,575 -0.6

 Primary metals.................................... 10,368 10,163 9,974 2.0 1.9 3.0 10,468 10,267 9,912 9,357 11.9

 Fabricated metal products........................ 13,805 13,697 13,622 0.8 0.6 0.7 13,860 13,689 13,595 12,752 8.7

 Machinery.......................................... 18,839 18,863 18,814 -0.1 0.3 0.7 19,001 18,839 18,606 18,016 5.5

 Computers and electronic products........ 12,956 13,216 13,356 -2.0 -1.0 0.5 13,400 13,551 13,344 13,595 -1.4

 Electrical equipment, appliances,

 and components............................... 3,898 3,854 3,818 1.1 0.9 -0.6 3,996 3,918 3,822 3,676 8.7

 Transportation equipment..................... 82,593 82,172 81,727 0.5 0.5 -1.3 83,504 83,106 82,094 79,615 4.9

 Furniture and related products............... 1,435 1,437 1,426 -0.1 0.8 0.8 1,438 1,429 1,413 1,272 13.1

 Miscellaneous products......................... 3,724 3,729 3,703 -0.1 0.7 1.8 3,727 3,739 3,648 3,384 10.1

 Nondurable goods industries...................... 55,294 55,295 55,036 0.0 0.5 2.2 55,400 55,514 55,032 48,757 13.6

 Food products.................................... 6,540 6,555 6,549 -0.2 0.1 2.1 5,934 6,206 6,376 5,476 8.4

 Beverage and tobacco products................... 9,415 9,392 9,343 0.2 0.5 1.2 9,313 9,434 9,443 9,036 3.1

 Textiles.............................................. 708 708 710 0.0 -0.3 -0.3 714 713 707 681 4.8

 Textile products................................... 414 409 416 1.2 -1.7 1.7 414 415 419 403 2.7

 Apparel............................................. 330 324 318 1.9 1.9 0.6 335 317 305 293 14.3

 Leather and allied products.................... 74 74 75 0.0 -1.3 1.4 75 75 78 84 -10.7

 Paper products.................................... 1,272 1,268 1,249 0.3 1.5 0.9 1,275 1,271 1,253 1,250 2.0

 Printing ............................................. 1,112 1,102 1,105 0.9 -0.3 0.5 1,056 1,097 1,101 1,053 0.3

 Petroleum and coal products................. 13,184 12,924 13,006 2.0 -0.6 4.0 13,717 13,374 12,968 9,819 39.7

 Chemical products................................ 19,157 19,458 19,231 -1.5 1.2 1.9 19,441 19,485 19,294 17,739 9.6

 Plastics and rubber products.................. 3,088 3,081 3,034 0.2 1.5 0.8 3,126 3,127 3,088 2,923 6.9

FINISHED GOODS

 All manufacturing industries....................... 233,967 233,765 233,472 0.1 0.1 -0.3 235,902 235,483 232,878 228,428 3.3

 Durable goods industries.......................... 114,348 114,256 114,274 0.1 0.0 0.2 115,668 115,384 114,144 111,452 3.8

 Wood products................................... 4,794 4,865 4,901 -1.5 -0.7 -0.3 4,921 5,015 5,114 5,032 -2.2

 Nonmetallic mineral products................. 6,789 6,735 6,726 0.8 0.1 0.5 7,012 6,932 6,952 6,728 4.2

 Primary metals.................................... 11,846 11,794 11,719 0.4 0.6 1.6 11,975 11,977 11,840 11,018 8.7

 Fabricated metal products........................ 19,097 19,065 18,982 0.2 0.4 0.5 19,439 19,501 19,214 17,998 8.0

 Machinery.......................................... 22,600 22,746 22,689 -0.6 0.3 0.2 22,874 23,090 22,877 22,906 -0.1

 Computers and electronic products........ 11,913 11,758 11,786 1.3 -0.2 -1.2 11,893 11,645 11,364 11,516 3.3

 Electrical equipment, appliances,

 and components............................... 6,945 6,877 6,920 1.0 -0.6 -1.3 7,072 6,926 6,927 6,713 5.3

 Transportation equipment..................... 15,754 15,819 15,948 -0.4 -0.8 0.7 15,947 15,785 15,506 15,269 4.4

 Furniture and related products............... 2,678 2,693 2,715 -0.6 -0.8 -0.1 2,729 2,640 2,600 2,619 4.2

 Miscellaneous products......................... 11,932 11,904 11,888 0.2 0.1 -0.3 11,806 11,873 11,750 11,653 1.3

 Nondurable goods industries...................... 119,619 119,509 119,198 0.1 0.3 -0.7 120,234 120,099 118,734 116,976 2.8

 Food products.................................... 30,095 30,151 30,319 -0.2 -0.6 -1.1 29,495 29,590 29,605 28,785 2.5

 Beverage and tobacco products................... 9,361 9,385 9,411 -0.3 -0.3 -0.1 9,465 9,515 9,353 9,169 3.2

 Textiles.............................................. 1,372 1,380 1,392 -0.6 -0.9 -0.2 1,386 1,386 1,386 1,342 3.3

 Textile products................................... 1,687 1,685 1,687 0.1 -0.1 -0.2 1,698 1,699 1,700 1,660 2.3

 Apparel............................................. 1,029 1,062 1,102 -3.1 -3.6 -0.5 1,010 1,053 1,078 1,048 -3.6

 Leather and allied products.................... 444 455 455 -2.4 0.0 0.4 454 460 440 457 -0.7

 Paper products.................................... 6,591 6,584 6,609 0.1 -0.4 -0.3 6,583 6,644 6,640 6,690 -1.6

 Printing ............................................. 1,573 1,560 1,539 0.8 1.4 -1.5 1,573 1,564 1,526 1,621 -3.0

 Petroleum and coal products................. 16,129 16,259 15,918 -0.8 2.1 -2.6 16,321 16,203 15,185 14,433 13.1

 Chemical products................................ 39,277 38,899 38,660 1.0 0.6 -0.3 39,909 39,567 39,454 39,781 0.3

 Plastics and rubber products.................. 12,061 12,089 12,106 -0.2 -0.1 0.5 12,340 12,418 12,367 11,990 2.9

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 3, 2018. 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

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

All manufacturing industries3............................ 1.35 1.35 1.35 1.36 (X) (X) (X) (X)

Durable goods industries3

.................................. 1.63 1.63 1.62 1.63 6.68 6.73 6.66 6.68

 Wood products.............................................. 1.29 1.30 1.30 1.29 (X) (X) (X) (X)

 Nonmetallic mineral products......................... 1.31 1.30 1.31 1.30 (X) (X) (X) (X)

 Primary metals.............................................. 1.64 1.61 1.64 1.67 1.44 1.40 1.40 1.41

 Fabricated metal products.............................. 1.60 1.59 1.62 1.60 2.62 2.60 2.62 2.59

 Machinery..................................................... 2.09 2.11 2.11 2.07 3.57 3.57 3.57 3.52

 Computers and electronic products3

................ 1.63 1.64 1.66 1.65 5.43 5.39 5.45 5.45

 Electrical equipment, appliances,

 and components........................................ 1.64 1.64 1.65 1.65 1.87 1.88 1.88 1.88

 Transportation equipment.............................. 1.57 1.55 1.51 1.56 15.01 15.54 14.75 15.05

 Furniture and related products........................ 1.20 1.22 1.22 1.22 1.44 1.47 1.47 1.50

 Miscellaneous products.................................. 1.70 1.70 1.69 1.69 (X) (X) (X) (X)

Nondurable goods industries............................. 1.06 1.08 1.08 1.08 (X) (X) (X) (X)

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

 Beverage and tobacco products...................... 2.00 2.03 1.98 2.01 (X) (X) (X) (X)

 Textiles........................................................ 1.28 1.29 1.30 1.30 (X) (X) (X) (X)

 Textile products............................................ 1.52 1.51 1.55 1.55 (X) (X) (X) (X)

 Apparel......................................................... 1.93 1.98 2.02 2.04 (X) (X) (X) (X)

 Leather and allied products............................. 1.85 1.80 1.85 1.91 (X) (X) (X) (X)

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

 Printing......................................................... 0.84 0.83 0.84 0.83 (X) (X) (X) (X)

 Petroleum and coal products........................... 0.74 0.77 0.77 0.78 (X) (X) (X) (X)

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

 Plastics and rubber products........................... 1.33 1.32 1.31 1.31 (X) (X) (X) (X)

May3 May3 May3 May3

Industry 2017- 2017- 2017- 2017-

May2 Apr May2 Apr May2 Apr May2 Apr

2018 2018 2018 2018 2018 2018 2018 2018

 

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

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

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

 Nonmetallic mineral products.............. (X) 0.3 (X) (NA) (X) (NA) (X) 0.1

 Primary metals.................................... 0.2 0.4 0.1 0.8 0.0 0.3 0.0 0.4

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

 Machinery.......................................... 0.6 0.2 0.9 1.0 0.1 0.2 0.1 0.1

 Computers and electronic products..... -0.1 0.3 -0.1 0.6 0.0 0.1 0.0 0.1

 Electrical equipment, appliances,

 and components............................. 0.8 0.4 1.1 0.9 0.2 0.4 0.2 0.1

 Transportation equipment.................... 0.0 0.2 -0.1 0.7 0.0 0.1 0.0 0.1

 Furniture and related products............. (X) 0.4 (X) 0.8 (X) 0.6 (X) 0.3

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

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

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

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

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

 Textile products.................................. (X) 0.6 (X) (NA) (X) (NA) (X) 0.2

 Apparel.............................................. (X) 0.8 (X) (NA) (X) (NA) (X) 0.6

 Leather and allied products.................... (X) 0.5 (X) (NA) (X) (NA) (X) 0.3

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

 Printing.............................................. (X) 0.2 (X) (NA) (X) (NA) (X) 0.3

 Petroleum and coal products................. (X) 0.7 (X) (NA) (X) (NA) (X) 1.2

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

 Plastics and rubber products................. (X) 0.3 (X) (NA) (X) (NA) (X) 0.2

X

 Not Applicable 

p

 Preliminary 

r

 Revised data due to late receipts and concurrent seasonal adjustment. 

2

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

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

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

trucks and utility vehicles; heavy duty trucks; and miscellaneous furniture. 

3

 Unfilled orders to shipments ratio excludes semiconductor manufacturing. 

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

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

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

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

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, May Full Report, July 3, 2018. Information 

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

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

X Not Applicable 

NA Not Available 

1

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

inventories are for the end of the period. Not seasonally adjusted estimates of shipments and new orders include adjusted data

for non-calendar reporters. Seasonally adjusted estimates include concurrent adjustments for holiday and trading-day 

differences, where appropriate, as well as seasonal variation, based on the results of the latest annual review of the model 

parameters. Estimates are not adjusted for price changes. 

2

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

publication. 

3

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

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

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

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

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

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

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

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, May Full Report, July 3, 2018. 

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