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FOR RELEASE AT 10:00 AM EDT, TUESDAY, APRIL 4, 2017 

MONTHLY FULL REPORT ON MANUFACTURERS’ SHIPMENTS, INVENTORIES 

AND ORDERS FEBRUARY 2017 

Release Number: CB 17-42 M3-2 (17)-02 

April 4, 2017 — The U.S. Census Bureau announces the February full report on manufacturers’ shipments, 

inventories and orders: 

MANUFACTURED GOODS – NEW ORDERS

FEBRUARY 2017 $476.5 billion            +1.0%°

JANUARY 2017  

(revised) $471.7 billion            +1.5%°

Next release: May 4, 2017

Data adjusted for seasonal variation but not for price changes. 

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

°Statistical significance is not measurable for this survey. The Manufacturers' 

Shipments, Inventories, and Orders estimates are not based on a probability 

sample, so the sampling error of these estimates cannot be measured nor can the 

confidence intervals be computed. 

Summary 

New orders for manufactured goods in February, up seven of the last eight months, increased $4.8 billion or 

1.0 percent to $476.5 billion, the U.S. Census Bureau reported today. This followed a 1.5 percent January 

increase. Shipments, up eleven of the last twelve months, increased $1.4 billion or 0.3 percent to $480.0 

billion. This followed a 0.3 percent January increase. Unfilled orders, up following three consecutive 

monthly decreases, increased $0.1 billion or virtually unchanged to $1,115.3 billion. This followed a 0.3 

percent January decrease. The unfilled orders-to-shipments ratio was 6.53, down from 6.57 in January. 

Inventories, up seven of the last eight months, increased $1.2 billion or 0.2 percent to $630.0 billion. This 

followed a 0.3 percent January increase. The inventories-to-shipments ratio was 1.31, unchanged from 

January. 

New Orders 

New orders for manufactured durable goods in February, up two consecutive months, increased $4.2 billion 

or 1.8 percent to $236.0 billion, up from the previously published 1.7 percent increase. This followed a 2.4 

percent January increase. Transportation equipment, also up two consecutive months, led the increase, $3.4 

billion or 4.4 percent to $80.5 billion. New orders for manufactured nondurable goods increased $0.6 

billion or 0.2 percent to $240.5 billion.

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

% Change 1.7% 1.8% -1.2% -1.8% 1.4% 0.4% 0.6% 2.8% -2.3% 1.3% 1.5% 1.0%

-5.0%

-4.0%

-3.0%

-2.0%

-1.0%

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

MANUFACTURERS' NEW ORDERS 2016-2017

Seasonally Adjusted, Month-To-Month Percentage Change

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

Shipments of manufactured durable goods in February, up three of the last four months, increased $0.8 

billion or 0.3 percent to $239.4 billion, unchanged from the previously published increase. This followed a 

virtually unchanged January decrease. Machinery, also up three of the last four months, led the increase, 

$0.3 billion or 1.1 percent to $31.2 billion. Shipments of manufactured nondurable goods, up eleven of the 

last twelve months, increased $0.6 billion or 0.2 percent to $240.5 billion. This followed a 0.6 percent 

January increase. Chemical Products, up three of the last four months, drove the increase, $0.7 billion or 1.1 

percent to $68.7 billion. 

Unfilled Orders 

Unfilled orders for manufactured durable goods in February, up following three consecutive monthly 

decreases, increased $0.1 billion or virtually unchanged to $1,115.3 billion, up from the previously 

published virtually unchanged decrease. This followed a 0.3 percent January decrease. Computers and 

electronic products, up twenty-six consecutive months, drove the increase, $0.5 billion or 0.4 percent to 

$132.2 billion. 

Inventories

Inventories of manufactured durable goods in February, up three of the last four months, increased $0.8 

billion or 0.2 percent to $385.2 billion, unchanged from the previously published increase. This followed a 

0.1 percent January increase. Primary metals, up four consecutive months, led the increase, $0.2 billion or 

0.7 percent to $32.0 billion. Inventories of manufactured nondurable goods, up six of the last seven months, 

increased $0.3 billion or 0.1 percent to $244.8 billion. This followed a 0.6 percent January increase. 

Petroleum and coal products, also up six of the last seven months, drove the increase, $0.5 billion or 1.6 

percent to $30.9 billion. By stage of fabrication, February materials and supplies decreased 0.1 percent in 

durable goods and increased 0.5 percent in nondurable goods. Work in process increased 0.6 percent in 

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

and decreased 0.1 percent in nondurable goods. 

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

EDT and the Full Report on May 4, 2017 at 10:00 a.m. EDT. View the full schedule in the Economic 

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

found at <www.census.gov/m3>.
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EXPLANATORY NOTES 

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

data for semiconductor manufacturing. 

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

Description of the survey 

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

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

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

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

cost or market value), and inventories by stage of fabrication (materials and supplies, work-in-process, and 

finished goods). Data published from the M3 survey are based on a panel of approximately 4,800 reporting 

units that represent approximately 3,000 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 61 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 54 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>. 
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Benchmark notice

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

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

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

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

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

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

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

prior years by applying them to the respective ASM data; 

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

orders data; 

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

previously reported data; 

 updating the seasonally adjusted data based on the results of benchmarking and the recent 

annual review of the seasonal adjustment models. 

These revisions will span the seasonally adjusted data for January 2002 through March 2017 and the data 

not seasonally adjusted for January 2007 through March 2017. An updated Press Release will contain 

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

any questions. 

America’s Economy Mobile App

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

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

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

API 

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

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

before. 

<www.census.gov/developers/>. 

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

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

Seasonally Adjusted Not Seasonally Adjusted 

Monthly Percent Change Monthly

Industry % Change

Feb. Jan. Dec. Jan. - Dec. - Nov. - Feb. Jan. Dec. Feb. 2017/

2017p 2017r 2016 Feb. Jan. Dec. 2017p 2017r 2016 2016 2017p 2016 2016

 All manufacturing industries.................. 479,959 478,581 477,205 0.3 0.3 2.5 444,998 436,906 468,146 436,362 881,904 845,743 4.3

 Excluding transportation................... 398,476 396,828 395,111 0.4 0.4 2.6 367,229 366,934 386,479 355,539 734,163 695,842 5.5

 Excluding defense.............................. 466,460 465,677 464,105 0.2 0.3 2.6 432,331 426,669 453,222 424,421 859,000 824,248 4.2

 With unfilled orders............................ 170,877 169,647 169,540 0.7 0.1 1.6 158,921 150,023 170,965 157,534 308,944 301,079 2.6

 Durable goods industries......................... 239,430 238,622 238,722 0.3 0.0 1.7 222,795 212,209 236,497 225,222 435,004 429,746 1.2

 Wood products....................................... 9,116 8,951 8,901 1.8 0.6 1.8 8,143 7,572 7,768 7,574 15,715 14,335 9.6

 Nonmetallic mineral products.................... 10,215 10,101 10,057 1.1 0.4 0.1 8,726 8,669 8,674 8,798 17,395 17,086 1.8

 Primary metals....................................... 18,732 18,621 18,518 0.6 0.6 1.6 17,980 18,184 16,839 17,621 36,164 34,623 4.5

 Iron and steel mills............................ 8,691 8,514 8,355 2.1 1.9 2.7 8,253 8,391 7,698 7,877 16,644 15,639 6.4

 Aluminum and nonferrous metals.......... 8,633 8,675 8,729 -0.5 -0.6 0.6 8,395 8,484 7,849 8,229 16,879 16,075 5.0

 Ferrous metal foundries....................... 1,408 1,432 1,434 -1.7 -0.1 1.2 1,332 1,309 1,292 1,515 2,641 2,909 -9.2

 Fabricated metal products....................... 31,601 31,362 30,975 0.8 1.2 0.4 29,457 29,044 28,695 28,664 58,501 55,824 4.8

 Machinery............................................. 31,181 30,849 31,166 1.1 -1.0 2.8 29,439 27,194 32,132 30,043 56,633 56,743 -0.2

 Farm machinery................................. 1,856 1,819 1,864 2.0 -2.4 2.4 2,088 1,680 1,669 2,102 3,768 3,765 0.1

 Construction machinery..................... 2,794 2,722 2,555 2.6 6.5 3.8 2,690 2,303 2,483 2,914 4,993 5,273 -5.3

 Mining, oil field, and 

 gas field machinery.......................... 938 895 823 4.8 8.7 1.7 884 833 926 1,104 1,717 2,214 -22.4

 Industrial machinery.......................... 2,564 2,454 2,546 4.5 -3.6 1.3 2,237 2,003 3,137 2,237 4,240 4,288 -1.1

 Photographic equipment...................... 427 429 415 -0.5 3.4 2.0 364 355 505 378 719 733 -1.9

 Ventilation, heating, air-conditioning,

 and refrigeration equipment............ 3,570 3,545 3,520 0.7 0.7 1.2 2,955 2,845 3,418 3,017 5,800 5,820 -0.3

 Metalworking machinery..................... 3,421 3,315 3,338 3.2 -0.7 0.8 3,007 2,944 3,766 2,782 5,951 5,482 8.6

 Turbines, generators, and other

 power transmission equipment....... 4,035 3,962 4,459 1.8 -11.1 10.1 4,042 3,767 4,298 4,037 7,809 7,740 0.9

 Material handling equipment............... 3,082 3,088 3,052 -0.2 1.2 0.1 2,880 2,746 3,198 2,911 5,626 5,596 0.5

 Computers and electronic products2

.......... 28,102 28,071 28,027 0.1 0.2 0.9 24,232 25,141 31,272 23,734 49,373 46,831 5.4

 Computers........................................ 615 617 585 -0.3 5.5 1.6 464 517 756 461 981 1,039 -5.6

 Computer storage devices..................... 597 576 528 3.6 9.1 -7.5 388 390 870 384 778 751 3.6

 Other peripheral equipment................ 629 628 587 0.2 7.0 -5.3 485 441 870 573 926 1,073 -13.7

 Nondefense communications

 equipment.................................... 3,172 3,209 3,300 -1.2 -2.8 3.3 2,584 2,514 4,168 2,625 5,098 4,949 3.0

 Defense communications equipment.... 279 268 265 4.1 1.1 -9.9 277 223 270 316 500 547 -8.6

 Audio and video equipment.................... 397 415 408 -4.3 1.7 11.2 337 351 543 311 688 593 16.0

 Electronic components......................... 5,030 4,854 4,874 3.6 -0.4 0.0 4,391 4,243 4,933 4,170 8,634 8,240 4.8

 Nondefense search and navigation

 equipment...................................... 1,454 1,447 1,519 0.5 -4.7 11.9 1,368 1,258 1,600 1,344 2,626 2,491 5.4

 Defense search and navigation

 equipment..................................... 2,706 2,704 2,613 0.1 3.5 3.2 2,552 2,204 2,893 2,424 4,756 4,421 7.6

 Electromedical, measuring,

 and control instruments................. 9,342 9,215 9,156 1.4 0.6 -1.0 8,342 7,803 10,529 8,180 16,145 15,669 3.0

 Electrical equipment, appliances, 

 and components................................... 9,676 9,569 9,641 1.1 -0.7 1.4 8,833 8,503 9,587 8,933 17,336 17,406 -0.4

 Electric lighting equipment..................... 1,062 1,043 1,037 1.8 0.6 -0.1 985 934 1,085 1,031 1,919 1,979 -3.0

 Household appliances........................ 1,320 1,348 1,399 -2.1 -3.6 2.6 1,160 1,104 1,404 1,310 2,264 2,501 -9.5

 Electrical equipment............................ 2,859 2,896 2,915 -1.3 -0.7 -0.7 2,628 2,537 2,925 2,866 5,165 5,416 -4.6

 Batteries........................................... 780 790 781 -1.3 1.2 3.0 680 710 836 732 1,390 1,445 -3.8

 Transportation equipment........................ 81,483 81,753 82,094 -0.3 -0.4 2.3 77,769 69,972 81,667 80,823 147,741 149,901 -1.4

 Automobiles..................................... 8,300 8,872 8,878 -6.4 -0.1 -0.8 7,953 8,103 8,291 10,805 16,056 20,161 -20.4

 Light trucks and utility vehicles.............. 16,279 16,239 16,431 0.2 -1.2 5.4 16,157 13,951 15,588 16,244 30,108 29,443 2.3

 Heavy duty trucks ............................. 2,088 2,021 2,033 3.3 -0.6 -0.8 1,910 1,747 1,817 2,263 3,657 4,343 -15.8

 Motor vehicle bodies, parts, 

 and trailers.................................... 29,604 29,457 29,342 0.5 0.4 1.4 29,403 26,933 25,828 28,444 56,336 52,747 6.8

 Nondefense aircraft and parts................ 12,454 13,048 12,999 -4.6 0.4 5.9 10,474 9,840 16,503 11,323 20,314 21,925 -7.3

 Defense aircraft and parts.................. 4,363 3,967 4,178 10.0 -5.1 0.1 3,770 2,867 5,128 3,789 6,637 7,162 -7.3

 Ships and boats................................. 3,103 3,050 3,155 1.7 -3.3 0.7 2,999 2,475 3,205 3,163 5,474 5,580 -1.9

 Furniture and related products.................. 6,435 6,415 6,381 0.3 0.5 0.2 6,177 5,988 6,262 6,178 12,165 11,994 1.4

 Miscellaneous durable goods................. 12,889 12,930 12,962 -0.3 -0.2 1.5 12,039 11,942 13,601 12,854 23,981 25,003 -4.1

 Nondurable goods industries..................... 240,529 239,959 238,483 0.2 0.6 3.4 222,203 224,697 231,649 211,140 446,900 415,997 7.4

 Food products....................................... 66,791 66,627 66,213 0.2 0.6 2.1 64,016 64,465 66,943 63,497 128,481 125,517 2.4

 Grain and oilseed milling....................... 8,330 8,260 8,206 0.8 0.7 2.3 7,952 8,238 8,517 7,988 16,190 15,769 2.7

 Dairy products.................................. 9,618 9,668 9,685 -0.5 -0.2 4.5 8,828 9,453 9,784 8,653 18,281 17,518 4.4

 Meat, poultry, and seafood products... 18,142 18,280 18,008 -0.8 1.5 2.4 17,414 17,400 17,794 17,479 34,814 34,377 1.3

 Beverage and tobacco products................ 12,292 12,242 12,397 0.4 -1.3 0.5 11,158 10,987 12,074 11,161 22,145 21,737 1.9

 Beverages......................................... 9,236 9,237 9,137 0.0 1.1 0.0 8,102 7,982 8,814 8,361 16,084 16,305 -1.4

 Tobacco............................................ 3,056 3,005 3,260 1.7 -7.8 1.8 3,056 3,005 3,260 2,800 6,061 5,432 11.6

 Textile mills........................................... 2,654 2,620 2,591 1.3 1.1 1.8 2,545 2,411 2,278 2,473 4,956 4,820 2.8

 Textile products................................... 2,071 2,087 2,123 -0.8 -1.7 3.0 2,026 1,887 1,877 1,973 3,913 3,771 3.8

 Apparel................................................ 1,110 1,121 1,071 -1.0 4.7 2.8 1,044 1,005 1,031 1,003 2,049 1,899 7.9

 Leather and allied products...................... 346 353 354 -2.0 -0.3 3.8 343 327 341 345 670 665 0.8

 Paper products...................................... 15,345 15,302 15,425 0.3 -0.8 0.5 14,299 14,981 15,038 14,683 29,280 29,407 -0.4

 Pulp, paper, and paperboard mills....... 6,764 6,763 6,803 0.0 -0.6 0.4 6,275 6,766 6,698 6,533 13,041 13,288 -1.9

 Paperboard containers........................ 4,809 4,844 4,811 -0.7 0.7 0.7 4,432 4,716 4,526 4,496 9,148 8,907 2.7

 Printing................................................. 6,885 6,924 6,893 -0.6 0.4 -1.3 6,159 6,519 6,807 6,677 12,678 13,382 -5.3

 Petroleum and coal products.................. 45,069 45,552 44,234 -1.1 3.0 14.1 38,561 40,813 41,708 26,929 79,374 54,363 46.0

 Petroleum refineries.......................... 40,509 41,017 39,864 -1.2 2.9 15.5 34,621 37,178 38,098 23,962 71,799 48,974 46.6

 Chemical products..................................... 68,692 67,944 67,971 1.1 0.0 1.2 64,249 63,641 65,988 64,088 127,890 124,889 2.4

 Pesticides, fertilizers, and other

 agricultural chemicals....................... 3,904 3,893 4,064 0.3 -4.2 -0.4 4,113 3,094 3,411 4,598 7,207 7,623 -5.5

 Pharmaceuticals and medicines............. 23,187 22,628 22,554 2.5 0.3 1.8 21,430 21,917 22,852 20,547 43,347 41,388 4.7

 Paints, coatings, and adhesives.......... 3,832 3,789 3,793 1.1 -0.1 0.1 3,479 3,320 3,185 3,378 6,799 6,463 5.2

 Plastics and rubber products.................. 19,274 19,187 19,211 0.5 -0.1 0.3 17,803 17,661 17,564 18,311 35,464 35,547 -0.2

Year to date

p

 Preliminary 

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

1

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

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

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

 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, February Full Report, April 4, 2017. Information on data sources and methodology can be found on our website at 

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

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

Seasonally Adjusted Not Seasonally Adjusted 

Monthly Percent Change Monthly

Industry % Change

Feb. Jan. Dec. Jan. - Dec. - Nov. - Feb. Jan. Dec. Feb. 2017/

2017p 2017r 2016 Feb. Jan. Dec. 2017p 2017r 2016 2016 2017p 2016 2016

All manufacturing industries2........................ 476,493 471,711 464,722 1.0 1.5 1.3 444,869 433,402 468,324 429,795 878,271 839,917 4.6

 Excluding transportation2

...................... 396,014 394,608 392,642 0.4 0.5 2.4 370,521 368,279 382,671 357,422 738,800 699,608 5.6

 Excluding defense2

.............................. 464,595 459,148 452,969 1.2 1.4 2.4 434,392 422,587 451,346 420,612 856,979 820,727 4.4

 With unfilled orders2............................. 171,013 166,657 161,011 2.6 3.5 -1.9 161,596 151,474 174,736 153,625 313,070 301,684 3.8

 Durable goods industries2

......................... 235,964 231,752 226,239 1.8 2.4 -0.9 222,666 208,705 236,675 218,655 431,371 423,920 1.8

 Primary metals........................................ 18,807 18,513 18,635 1.6 -0.7 -0.6 18,558 19,052 17,416 18,226 37,610 36,503 3.0

 Iron and steel mills.............................. 8,581 8,099 8,438 6.0 -4.0 -0.6 8,515 8,811 8,215 8,378 17,326 17,341 -0.1

 Aluminum and nonferrous metals.......... 8,807 9,009 8,717 -2.2 3.3 -0.1 8,644 8,822 7,794 8,202 17,466 15,973 9.3

 Ferrous metal foundries....................... 1,419 1,405 1,480 1.0 -5.1 -3.8 1,399 1,419 1,407 1,646 2,818 3,189 -11.6

 Fabricated metal products........................ 31,507 31,455 30,977 0.2 1.5 -0.7 30,869 30,120 27,963 30,094 60,989 58,260 4.7

 Machinery............................................. 31,574 31,483 31,120 0.3 1.2 1.3 31,119 29,664 30,983 30,542 60,783 59,088 2.9

 Construction machinery........................ 2,882 2,907 2,710 -0.9 7.3 0.0 2,976 2,820 2,696 2,938 5,796 5,689 1.9

 Mining, oil field, and

 gas field machinery.......................... 857 837 813 2.4 3.0 0.5 1,013 873 657 1,156 1,886 2,277 -17.2

 Industrial machinery............................ 2,559 2,491 2,388 2.7 4.3 -6.2 2,258 2,413 2,783 2,213 4,671 4,506 3.7

 Photographic equipment....................... 406 393 468 3.3 -16.0 -6.8 367 359 483 408 726 771 -5.8

 Ventilation, heating, air-conditioning,

 and refrigeration equipment............... 3,689 3,675 3,573 0.4 2.9 0.6 3,204 3,169 3,336 3,057 6,373 5,987 6.4

 Metalworking machinery....................... 3,310 3,190 3,295 3.8 -3.2 1.3 3,047 2,979 3,604 2,871 6,026 5,689 5.9

 Turbines, generators, and other 

 power transmission equipment........... 3,968 4,261 4,144 -6.9 2.8 6.9 3,960 4,124 4,164 3,964 8,084 7,876 2.6

 Material handling equipment.................. 3,219 3,199 3,215 0.6 -0.5 1.2 3,230 3,016 3,568 3,168 6,246 6,077 2.8

 Computers and electronic products2

........... 24,964 24,944 25,099 0.1 -0.6 3.0 22,924 21,214 29,090 22,234 44,138 42,366 4.2

 Computers........................................ 675 623 596 8.3 4.5 1.2 524 523 767 461 1,047 1,007 4.0

 Nondefense communications

 equipment...................................... 3,510 3,667 3,704 -4.3 -1.0 6.3 3,755 2,943 4,570 3,357 6,698 6,076 10.2

 Defense communications equipment....... 270 256 251 5.5 2.0 -11.6 267 221 242 286 488 524 -6.9

 Electronic components......................... 5,126 4,963 5,065 3.3 -2.0 4.3 4,638 4,530 5,116 4,298 9,168 8,501 7.8

 Nondefense search and navigation

 equipment...................................... 1,546 1,538 1,772 0.5 -13.2 15.4 1,479 1,386 1,518 1,434 2,865 2,670 7.3

 Defense search and navigation

 equipment...................................... 2,565 2,734 2,575 -6.2 6.2 8.6 2,392 2,232 3,353 2,661 4,624 4,775 -3.2

 Electromedical, measuring,

 and control instruments..................... 9,370 9,286 9,375 0.9 -0.9 -0.4 8,419 7,955 10,994 8,181 16,374 15,769 3.8

 Electrical equipment, appliances, 

 and components................................... 9,792 9,606 9,951 1.9 -3.5 0.4 9,262 9,070 9,924 9,381 18,332 18,506 -0.9

 Electric lighting equipment..................... 1,067 1,046 1,037 2.0 0.9 0.7 1,022 982 1,047 1,074 2,004 2,073 -3.3

 Household appliances.......................... 1,386 1,332 1,423 4.1 -6.4 4.5 1,129 1,158 1,443 1,182 2,287 2,428 -5.8

 Electrical equipment............................ 2,915 2,946 2,971 -1.1 -0.8 -0.5 2,762 2,752 2,866 2,936 5,514 5,609 -1.7

 Transportation equipment........................ 80,479 77,103 72,080 4.4 7.0 -4.3 74,348 65,123 85,653 72,373 139,471 140,309 -0.6

 Motor vehicle bodies, parts, 

 and trailers..................................... 29,727 29,644 29,337 0.3 1.0 1.0 29,924 27,279 26,346 28,521 57,203 52,457 9.0

 Nondefense aircraft and parts................ 12,662 8,583 4,686 47.5 83.2 9.1 8,481 4,149 18,723 6,064 12,630 16,223 -22.1

 Defense aircraft and parts.................... 3,839 4,401 2,653 -12.8 65.9 -65.1 3,019 4,002 5,296 2,959 7,021 7,169 -2.1

 Ships and boats.................................. 2,682 2,546 3,878 5.3 -34.3 25.6 2,797 2,494 4,110 1,846 5,291 3,847 37.5

 Furniture and related products................... 6,620 6,665 6,464 -0.7 3.1 2.1 6,677 6,278 5,610 6,579 12,955 12,469 3.9

 Nondurable goods industries..................... 240,529 239,959 238,483 0.2 0.6 3.4 222,203 224,697 231,649 211,140 446,900 415,997 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, February Full Report, April 4, 2017. Information on data sources and methodology can be found on our website at 

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

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

Seasonally Adjusted Not Seasonally Adjusted

Monthly Percent Change Monthly % Change

Industry February

Feb. Jan. Dec. Jan. - Dec. - Nov. - Feb. Jan. Dec. Feb. 2017/

2017p 2017r 2016 Feb. Jan. Dec. 2017p 2017r 2016 2016 2016

All manufacturing industries2...................... 1,115,261 1,115,125 1,118,115 0.0 -0.3 -0.8 1,124,192 1,121,517 1,120,066 1,140,305 -1.4

 Excluding transportation2...................... 362,440 361,300 359,640 0.3 0.5 0.4 364,499 358,403 352,103 355,039 2.7

 Excluding defense2

............................. 941,152 939,415 942,064 0.2 -0.3 -0.8 949,459 944,594 943,721 969,393 -2.1

 Durable goods industries2........................ 1,115,261 1,115,125 1,118,115 0.0 -0.3 -0.8 1,124,192 1,121,517 1,120,066 1,140,305 -1.4

 Primary metals........................................ 33,748 33,673 33,781 0.2 -0.3 0.3 34,661 34,083 33,215 32,493 6.7

 Iron and steel mills............................... 18,699 18,809 19,224 -0.6 -2.2 0.4 19,335 19,073 18,653 18,062 7.0

 Aluminum and nonferrous metals............. 10,989 10,815 10,481 1.6 3.2 -0.1 11,143 10,894 10,556 10,714 4.0

 Ferrous metal foundries........................ 4,060 4,049 4,076 0.3 -0.7 1.1 4,183 4,116 4,006 3,717 12.5

 Fabricated metal products......................... 75,047 75,141 75,048 -0.1 0.1 0.0 74,854 73,442 72,366 73,883 1.3

 Machinery.............................................. 93,766 93,373 92,739 0.4 0.7 0.0 94,987 93,307 90,837 97,301 -2.4

 Construction machinery......................... 4,563 4,475 4,290 2.0 4.3 3.7 4,997 4,711 4,194 5,811 -14.0

 Mining, oil field, and

 gas field machinery.......................... 5,657 5,738 5,796 -1.4 -1.0 -0.2 5,787 5,658 5,618 8,233 -29.7

 Industrial machinery............................. 6,966 6,971 6,934 -0.1 0.5 -2.2 7,005 6,984 6,574 8,135 -13.9

 Photographic equipment........................ 1,404 1,425 1,461 -1.5 -2.5 3.8 1,411 1,408 1,404 1,313 7.5

 Ventilation, heating, air-conditioning,

 and refrigeration equipment................ 6,325 6,206 6,076 1.9 2.1 0.9 6,380 6,131 5,807 6,495 -1.8

 Metalworking machinery........................ 7,077 7,188 7,313 -1.5 -1.7 -0.6 7,184 7,144 7,109 6,826 5.2

 Turbines, generators, and other 

 power transmission equipment............ 25,591 25,658 25,359 -0.3 1.2 -1.2 25,699 25,781 25,424 25,828 -0.5

 Material handling equipment................... 12,826 12,689 12,578 1.1 0.9 1.3 12,986 12,636 12,366 12,114 7.2

 Computers and electronic products2............. 132,180 131,716 130,963 0.4 0.6 0.8 132,369 130,873 129,845 126,157 4.9

 Computers......................................... 2,513 2,453 2,447 2.4 0.2 0.5 2,513 2,453 2,447 2,415 4.1

 Nondefense communications

 equipment...................................... 34,427 34,089 33,631 1.0 1.4 1.2 34,809 33,638 33,209 31,652 10.0

 Defense communications equipment........ 2,207 2,216 2,228 -0.4 -0.5 -0.6 2,160 2,170 2,172 2,214 -2.4

 Electronic components.......................... 12,492 12,396 12,287 0.8 0.9 1.6 12,653 12,406 12,119 12,215 3.6

 Nondefense search and navigation

 equipment....................................... 18,611 18,519 18,428 0.5 0.5 1.4 18,468 18,357 18,229 17,304 6.7

 Defense search and navigation

 equipment....................................... 27,857 27,998 27,968 -0.5 0.1 -0.1 27,756 27,916 27,888 27,709 0.2

 Electromedical, measuring,

 and control instruments...................... 34,073 34,045 33,974 0.1 0.2 0.6 34,010 33,933 33,781 32,648 4.2

 Electrical equipment, appliances, 

 and components.................................... 18,737 18,621 18,584 0.6 0.2 1.7 19,091 18,662 18,095 17,403 9.7

 Electric lighting equipment..................... 1,355 1,350 1,347 0.4 0.2 0.0 1,382 1,345 1,297 1,362 1.5

 Household appliances........................... 1,260 1,194 1,210 5.5 -1.3 2.0 1,250 1,281 1,227 1,078 16.0

 Electrical equipment............................. 8,021 7,965 7,915 0.7 0.6 0.7 8,079 7,945 7,730 8,056 0.3

 Transportation equipment......................... 752,821 753,825 758,475 -0.1 -0.6 -1.3 759,693 763,114 767,963 785,266 -3.3

 Motor vehicle bodies, parts, 

 and trailers...................................... 21,891 21,768 21,581 0.6 0.9 0.0 22,798 22,277 21,931 23,269 -2.0

 Nondefense aircraft and parts................ 571,744 571,536 576,001 0.0 -0.8 -1.4 576,801 578,794 584,485 604,934 -4.7

 Defense aircraft and parts..................... 71,883 72,407 71,973 -0.7 0.6 -2.1 72,909 73,660 72,525 68,625 6.2

 Ships and boats.................................. 16,353 16,774 17,278 -2.5 -2.9 4.4 16,656 16,858 16,839 16,857 -1.2

 Furniture and related products................... 8,723 8,538 8,288 2.2 3.0 1.0 8,298 7,798 7,508 7,569 9.6

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

 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, February Full Report, April 4, 2017. Information on data sources and methodology can be found on our 

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

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

Seasonally Adjusted Not Seasonally Adjusted

Monthly Percent Change Monthly % Change

Industry February

Feb. Jan. Dec. Jan. - Dec. - Nov. - Feb. Jan. Dec. Feb. 2017/

2017p 2017r 2016 Feb. Jan. Dec. 2017p 2017r 2016 2016 2016

 All manufacturing industries...................... 629,966 628,806 626,853 0.2 0.3 0.3 632,125 626,166 610,349 623,723 1.3

 Excluding transportation........................ 507,151 506,123 503,566 0.2 0.5 0.5 508,351 503,806 490,534 497,376 2.2

 Excluding defense............................. 604,179 603,281 601,545 0.1 0.3 0.3 606,446 600,882 585,286 597,995 1.4

 With unfilled orders............................. 312,656 311,798 311,320 0.3 0.2 -0.2 314,298 310,609 302,884 314,892 -0.2

 Durable goods industries........................ 385,154 384,321 383,830 0.2 0.1 -0.1 388,196 383,791 373,686 388,447 -0.1

 Wood products........................................ 11,605 11,695 11,696 -0.8 0.0 1.0 12,027 12,036 11,588 11,571 3.9

 Nonmetallic mineral products..................... 13,112 13,073 13,034 0.3 0.3 -0.4 13,352 13,132 12,738 13,166 1.4

 Primary metals......................................... 32,018 31,803 31,660 0.7 0.5 0.0 32,348 32,179 31,519 32,330 0.1

 Iron and steel mills............................... 17,675 17,538 17,420 0.8 0.7 0.4 17,873 17,834 17,419 17,452 2.4

 Aluminum and nonferrous metals............ 12,329 12,240 12,217 0.7 0.2 -0.5 12,410 12,314 12,122 12,718 -2.4

 Ferrous metal foundries........................ 2,014 2,025 2,023 -0.5 0.1 0.0 2,065 2,031 1,978 2,160 -4.4

 Fabricated metal products......................... 49,086 48,903 48,685 0.4 0.4 0.0 49,362 48,884 47,813 48,979 0.8

 Machinery.............................................. 66,284 66,180 66,299 0.2 -0.2 0.5 66,856 65,868 63,881 67,121 -0.4

 Farm machinery.................................. 3,141 3,155 3,184 -0.4 -0.9 -1.4 3,423 3,299 3,328 3,439 -0.5

 Construction machinery......................... 5,211 5,283 5,288 -1.4 -0.1 -1.8 5,243 5,259 5,164 5,614 -6.6

 Mining, oil field, 

 and gas field machinery.................... 7,536 7,550 7,653 -0.2 -1.3 2.3 7,602 7,553 7,348 7,700 -1.3

 Industrial machinery............................. 6,563 6,516 6,566 0.7 -0.8 1.3 6,628 6,420 6,426 6,388 3.8

 Photographic equipment....................... 1,640 1,627 1,614 0.8 0.8 0.7 1,667 1,633 1,544 1,590 4.8

 Ventilation, heating, air-conditioning,

 and refrigeration equipment............... 4,722 4,665 4,626 1.2 0.8 0.5 4,847 4,541 4,247 4,618 5.0

 Metalworking machinery........................ 5,787 5,749 5,741 0.7 0.1 0.2 5,752 5,623 5,574 5,657 1.7

 Turbines, generators, and other

 power transmission equipment............ 9,278 9,254 9,379 0.3 -1.3 2.3 9,293 9,167 8,802 9,686 -4.1

 Material handling equipment.................. 4,823 4,753 4,655 1.5 2.1 0.5 4,656 4,557 4,307 4,382 6.3

 Computers and electronic products2

............ 43,048 42,917 42,510 0.3 1.0 -0.1 43,314 42,500 40,977 42,819 1.2

 Computers......................................... 1,800 1,810 1,874 -0.6 -3.4 12.3 1,800 1,740 1,687 1,511 19.1

 Computer storage devices.................... 1,043 1,024 1,026 1.9 -0.2 8.7 1,073 1,023 970 1,070 0.3

 Other peripheral equipment................... 1,054 1,057 1,045 -0.3 1.1 1.0 1,079 1,066 971 1,085 -0.6

 Nondefense communications

 equipment...................................... 3,934 3,845 3,733 2.3 3.0 -4.4 3,999 3,827 3,600 4,117 -2.9

 Defense communications equipment........ 574 555 554 3.4 0.2 0.2 574 555 554 621 -7.6

 Audio and video equipment.................... 874 843 791 3.7 6.6 14.5 844 833 770 708 19.2

 Electronic components.......................... 7,824 7,816 7,680 0.1 1.8 -2.2 7,880 7,903 7,421 7,553 4.3

 Nondefense search and navigation

 equipment...................................... 3,064 3,079 3,042 -0.5 1.2 -1.3 3,055 3,083 2,966 3,050 0.2

 Defense search and navigation

 equipment....................................... 3,086 3,120 3,129 -1.1 -0.3 0.7 3,080 3,078 3,035 2,870 7.3

 Electromedical, measuring 

 and control instruments...................... 13,980 13,985 13,996 0.0 -0.1 -0.5 13,959 13,717 13,473 14,140 -1.3

 Electrical equipment, appliances, 

 and components.................................... 16,473 16,405 16,258 0.4 0.9 0.3 16,557 16,312 15,571 16,316 1.5

 Electric lighting equipment..................... 2,088 2,069 2,016 0.9 2.6 0.5 2,080 2,094 1,919 1,955 6.4

 Household appliances........................... 2,278 2,262 2,213 0.7 2.2 -0.3 2,302 2,211 1,984 2,276 1.1

 Electrical equipment............................. 4,766 4,762 4,748 0.1 0.3 -0.3 4,839 4,770 4,626 5,022 -3.6

 Batteries............................................ 1,310 1,312 1,320 -0.2 -0.6 1.1 1,264 1,237 1,215 1,298 -2.6

 Transportation equipment......................... 122,815 122,683 123,287 0.1 -0.5 -0.6 123,774 122,360 119,815 126,347 -2.0

 Automobiles....................................... 4,096 4,066 4,258 0.7 -4.5 -0.4 4,177 4,108 4,016 4,602 -9.2

 Light trucks and utility vehicles.............. 3,887 3,930 4,130 -1.1 -4.8 -4.2 3,974 4,021 3,746 4,511 -11.9

 Heavy duty trucks ............................... 2,143 2,173 2,131 -1.4 2.0 5.5 2,218 2,263 1,993 2,225 -0.3

 Motor vehicle bodies, parts, 

 and trailers...................................... 23,498 23,733 24,042 -1.0 -1.3 -0.8 23,733 23,917 23,608 23,938 -0.9

 Nondefense aircraft and parts................ 62,199 62,151 62,430 0.1 -0.4 -0.6 62,827 61,721 60,522 64,519 -2.6

 Defense aircraft and parts..................... 11,400 11,313 11,007 0.8 2.8 -1.2 11,438 11,265 10,854 11,838 -3.4

 Ships and boats.................................. 2,849 2,898 2,880 -1.7 0.6 0.9 2,836 2,869 2,913 2,730 3.9

 Furniture and related products.................... 7,393 7,326 7,210 0.9 1.6 0.2 7,312 7,257 6,987 7,141 2.4

 Miscellaneous durable goods..................... 23,320 23,336 23,191 -0.1 0.6 -0.1 23,294 23,263 22,797 22,657 2.8

 Nondurable goods industries...................... 244,812 244,485 243,023 0.1 0.6 0.9 243,929 242,375 236,663 235,276 3.7

 Food products........................................ 54,480 54,397 54,125 0.2 0.5 0.6 54,065 54,117 53,704 52,629 2.7

 Grain and oilseed milling........................ 6,043 6,006 5,946 0.6 1.0 1.8 6,261 6,245 6,130 6,030 3.8

 Dairy products.................................... 8,034 8,008 7,911 0.3 1.2 2.4 8,012 7,798 7,402 7,382 8.5

 Meat, poultry, and seafood products....... 8,838 8,864 8,850 -0.3 0.2 0.5 8,767 8,744 8,589 9,039 -3.0

 Beverage and tobacco products................ 20,794 20,764 20,618 0.1 0.7 0.6 20,982 21,064 20,597 20,567 2.0

 Beverages......................................... 17,039 17,018 16,866 0.1 0.9 1.0 17,060 17,124 16,684 16,540 3.1

 Tobacco............................................ 3,755 3,746 3,752 0.2 -0.2 -1.2 3,922 3,940 3,913 4,027 -2.6

 Textile mills............................................ 3,149 3,171 3,180 -0.7 -0.3 0.3 3,151 3,168 3,121 3,136 0.5

 Textile products...................................... 3,084 3,076 3,072 0.3 0.1 0.1 3,108 3,084 2,992 3,127 -0.6

 Apparel................................................. 2,406 2,412 2,391 -0.2 0.9 -2.3 2,366 2,398 2,240 2,516 -6.0

 Leather and allied products....................... 793 788 784 0.6 0.5 -0.1 777 778 774 786 -1.1

 Paper products....................................... 16,158 16,245 16,212 -0.5 0.2 0.5 16,336 16,331 16,067 16,593 -1.5

 Pulp, paper, and paperboard mills........... 6,614 6,615 6,637 0.0 -0.3 0.1 6,731 6,659 6,636 6,852 -1.8

 Paperboard containers......................... 5,135 5,205 5,181 -1.3 0.5 1.3 5,203 5,255 5,154 5,290 -1.6

 Printing.................................................. 5,865 5,883 5,976 -0.3 -1.6 0.3 5,838 5,725 5,734 5,988 -2.5

 Petroleum and coal products..................... 30,936 30,436 29,474 1.6 3.3 6.5 29,071 28,701 27,526 22,710 28.0

 Petroleum refineries............................. 26,460 25,927 24,972 2.1 3.8 7.7 24,485 24,101 23,087 17,990 36.1

 Chemical products..................................... 81,524 81,762 81,703 -0.3 0.1 -0.1 82,247 81,577 79,167 81,630 0.8

 Pesticides, fertilizers, and other

 agricultural chemicals........................ 4,132 4,204 4,204 -1.7 0.0 0.9 4,633 4,648 4,360 4,921 -5.9

 Pharmaceuticals and medicines.............. 32,041 32,434 32,629 -1.2 -0.6 0.0 32,110 32,020 31,099 32,218 -0.3

 Paints, coatings, and adhesives.............. 3,798 3,778 3,785 0.5 -0.2 0.1 3,907 3,794 3,626 3,717 5.1

 Plastics and rubber products..................... 25,623 25,551 25,488 0.3 0.2 -0.2 25,988 25,432 24,741 25,594 1.5

p Preliminary 

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

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

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

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

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, February Full Report, April 4, 2017. Information on data sources and methodology can be found on our website at 

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

 Topical Series1, 2

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

Seasonally Adjusted Not Seasonally Adjusted

Monthly Percent Change Monthly Year to date

Industry % Change6

Feb. Jan. Dec. Jan. - Dec. - Nov. - Feb. Jan. Dec. Feb. 2017/

2017p 2017r 2016 Feb. Jan. Dec. 2017p 2017r 2016 2016 2017p 2016 2016

SHIPMENTS

 All manufacturing industries................... 479,959 478,581 477,205 0.3 0.3 2.5 444,998 436,906 468,146 436,362 881,904 845,743 4.3

 Construction materials and supplies....... 48,841 48,247 47,972 1.2 0.6 0.9 43,403 42,253 42,416 42,785 85,656 82,781 3.5

 Information technology......................... 23,552 23,258 23,123 1.3 0.6 1.1 20,781 19,516 26,588 20,278 40,297 38,958 3.4

 Computers and related products........... 1,841 1,821 1,700 1.1 7.1 -3.8 1,337 1,348 2,496 1,418 2,685 2,863 -6.2

 Motor vehicle and parts......................... 56,271 56,589 56,684 -0.6 -0.2 2.1 55,423 50,734 51,524 57,756 106,157 106,694 -0.5

 Capital goods...................................... 83,463 82,942 83,127 0.6 -0.2 2.0 76,138 70,234 92,193 76,672 146,372 145,887 0.3

 Nondefense capital goods3

.................. 72,053 72,077 72,210 0.0 -0.2 2.4 65,254 61,546 80,081 66,823 126,800 128,338 -1.2

 Excluding aircraft............................. 64,291 63,634 63,868 1.0 -0.4 1.7 59,121 56,126 68,516 60,112 115,247 115,689 -0.4

 Defense capital goods4

........................ 11,410 10,865 10,917 5.0 -0.5 -0.9 10,884 8,688 12,112 9,849 19,572 17,549 11.5

 Consumer goods.................................. 197,452 197,768 196,618 -0.2 0.6 4.5 184,071 184,389 193,380 174,876 368,460 342,243 7.7

 Consumer durable goods..................... 37,634 38,281 38,527 -1.7 -0.6 2.7 36,716 33,673 36,994 40,255 70,389 74,303 -5.3

 Consumer nondurable goods................ 159,818 159,487 158,091 0.2 0.9 4.9 147,355 150,716 156,386 134,621 298,071 267,940 11.2

 All manufacturing industries5

................... 476,493 471,711 464,722 1.0 1.5 1.3 444,869 433,402 468,324 429,795 878,271 839,917 4.6

 Construction materials and supplies....... 49,159 48,576 48,103 1.2 1.0 0.7 44,292 43,136 41,896 43,415 87,428 83,977 4.1

 Information technology......................... 23,888 23,866 24,241 0.1 -1.5 1.9 22,322 20,511 28,189 21,801 42,833 41,587 3.0

 Computers and related products........... 1,901 1,827 1,711 4.1 6.8 -3.9 1,397 1,354 2,507 1,418 2,751 2,831 -2.8

 Motor vehicle and parts......................... 56,394 56,776 56,679 -0.7 0.2 1.9 55,944 51,080 52,042 57,833 107,024 106,404 0.6

 Capital goods...................................... 82,292 80,067 76,091 2.8 5.2 -3.2 75,713 69,028 95,581 71,540 144,741 143,160 1.1

 Nondefense capital goods3

.................. 72,986 70,061 66,512 4.2 5.3 3.5 67,324 60,164 81,855 64,159 127,488 127,256 0.2

 Excluding aircraft............................. 64,737 64,783 64,676 -0.1 0.2 0.8 62,795 59,744 67,684 62,578 122,539 120,825 1.4

 Defense capital goods4

........................ 9,306 10,006 9,579 -7.0 4.5 -33.0 8,389 8,864 13,726 7,381 17,253 15,904 8.5

 Consumer goods.................................. 197,577 197,825 196,658 -0.1 0.6 4.5 184,303 184,611 193,306 175,007 368,914 342,549 7.7

 Consumer durable goods..................... 37,759 38,338 38,567 -1.5 -0.6 2.9 36,948 33,895 36,920 40,386 70,843 74,609 -5.0

 Consumer nondurable goods.............. 159,818 159,487 158,091 0.2 0.9 4.9 147,355 150,716 156,386 134,621 298,071 267,940 11.2

 All manufacturing industries5

................... 1,115,261 1,115,125 1,118,115 0.0 -0.3 -0.8 1,124,192 1,121,517 1,120,066 1,140,305 (X) (X) -1.4

 Construction materials and supplies....... 46,449 46,131 45,802 0.7 0.7 0.3 46,017 45,128 44,245 45,503 (X) (X) 1.1

 Information technology......................... 129,193 128,857 128,249 0.3 0.5 0.9 129,507 127,966 126,971 122,162 (X) (X) 6.0

 Computers and related products........... 2,513 2,453 2,447 2.4 0.2 0.5 2,513 2,453 2,447 2,415 (X) (X) 4.1

 Motor vehicle and parts......................... 21,891 21,768 21,581 0.6 0.9 0.0 22,798 22,277 21,931 23,269 (X) (X) -2.0

 Capital goods...................................... 828,194 829,365 832,240 -0.1 -0.3 -0.8 833,542 833,967 835,173 848,149 (X) (X) -1.7

 Nondefense capital goods3

.................. 690,300 689,367 691,383 0.1 -0.3 -0.8 695,444 693,374 694,756 713,390 (X) (X) -2.5

 Excluding aircraft............................. 226,886 226,440 225,291 0.2 0.5 0.4 228,157 224,483 220,865 222,822 (X) (X) 2.4

 Defense capital goods4........................ 137,894 139,998 140,857 -1.5 -0.6 -0.9 138,098 140,593 140,417 134,759 (X) (X) 2.5

 Consumer goods.................................. 4,680 4,555 4,498 2.7 1.3 0.9 4,847 4,615 4,393 4,498 (X) (X) 7.8

 Consumer durable goods..................... 4,680 4,555 4,498 2.7 1.3 0.9 4,847 4,615 4,393 4,498 (X) (X) 7.8

 All manufacturing industries................... 629,966 628,806 626,853 0.2 0.3 0.3 632,125 626,166 610,349 623,723 (X) (X) 1.3

 Construction materials and supplies....... 65,936 65,902 65,762 0.1 0.2 0.0 66,950 66,243 64,197 65,889 (X) (X) 1.6

 Information technology......................... 37,258 37,124 36,946 0.4 0.5 0.5 37,378 36,731 35,579 36,717 (X) (X) 1.8

 Computers and related products........... 3,897 3,891 3,945 0.2 -1.4 8.1 3,952 3,829 3,628 3,666 (X) (X) 7.8

 Motor vehicle and parts......................... 33,624 33,902 34,561 -0.8 -1.9 -0.8 34,102 34,309 33,363 35,276 (X) (X) -3.3

 Capital goods...................................... 192,319 191,733 191,477 0.3 0.1 0.1 193,092 190,021 185,405 193,554 (X) (X) -0.2

 Nondefense capital goods3

.................. 170,870 170,522 170,728 0.2 -0.1 0.2 171,789 169,003 164,748 172,794 (X) (X) -0.6

 Excluding aircraft............................. 119,941 119,646 119,358 0.2 0.2 0.5 120,389 118,570 115,229 119,502 (X) (X) 0.7

 Defense capital goods4........................ 21,449 21,211 20,749 1.1 2.2 -0.6 21,303 21,018 20,657 20,760 (X) (X) 2.6

 Consumer goods.................................. 182,835 182,502 181,418 0.2 0.6 1.2 181,109 180,781 176,106 173,767 (X) (X) 4.2

 Consumer durable goods..................... 29,367 29,309 29,462 0.2 -0.5 -0.2 29,686 29,747 28,322 30,171 (X) (X) -1.6

 Consumer nondurable goods................ 153,468 153,193 151,956 0.2 0.8 1.5 151,423 151,034 147,784 143,596 (X) (X) 5.5

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, February Full Report, April 4, 2017. Information on data sources and methodology can be found on our website at 

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

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

Seasonally Adjusted Not Seasonally Adjusted

Monthly Percent Change Monthly % Change

Industry February

Feb. Jan. Dec. Jan. - Dec. - Nov. - Feb. Jan. Dec. Feb. 2017/

2017p 2017r 2016 Feb. Jan. Dec. 2017p 2017r 2016 2016 2016

MATERIALS AND SUPPLIES

 All manufacturing industries....................... 209,010 208,771 208,090 0.1 0.3 -0.5 209,925 209,396 206,987 207,676 1.1

 Durable goods industries.......................... 129,473 129,608 129,020 -0.1 0.5 -0.4 130,138 130,172 128,201 129,469 0.5

 Wood products................................... 4,841 4,808 4,879 0.7 -1.5 1.4 4,986 4,974 5,009 4,667 6.8

 Nonmetallic mineral products................. 5,349 5,314 5,240 0.7 1.4 0.5 5,362 5,314 5,211 5,246 2.2

 Primary metals.................................... 12,599 12,621 12,553 -0.2 0.5 -1.2 12,676 12,908 12,882 12,790 -0.9

 Fabricated metal products........................ 17,640 17,566 17,481 0.4 0.5 -0.4 17,665 17,612 17,432 17,702 -0.2

 Machinery.......................................... 23,006 23,177 23,231 -0.7 -0.2 -1.4 22,982 23,016 22,540 24,778 -7.2

 Computers and electronic products........ 17,809 17,720 17,568 0.5 0.9 0.0 17,820 17,709 17,347 17,066 4.4

 Electrical equipment, appliances,

 and components............................... 6,479 6,491 6,487 -0.2 0.1 0.0 6,515 6,496 6,380 6,571 -0.9

 Transportation equipment..................... 30,650 30,739 30,514 -0.3 0.7 -0.3 31,111 30,959 30,449 29,821 4.3

 Furniture and related products............... 3,710 3,738 3,638 -0.7 2.7 1.0 3,696 3,750 3,602 3,610 2.4

 Miscellaneous products......................... 7,390 7,434 7,429 -0.6 0.1 -0.6 7,325 7,434 7,349 7,218 1.5

 Nondurable goods industries...................... 79,537 79,163 79,070 0.5 0.1 -0.7 79,787 79,224 78,786 78,207 2.0

 Food products.................................... 18,348 18,371 18,267 -0.1 0.6 -1.5 18,344 18,614 18,683 17,920 2.4

 Beverage and tobacco products................... 4,769 4,784 4,812 -0.3 -0.6 -1.1 4,905 4,942 4,918 5,118 -4.2

 Textiles.............................................. 1,142 1,151 1,162 -0.8 -0.9 -0.3 1,147 1,155 1,150 1,175 -2.4

 Textile products................................... 1,010 1,013 1,023 -0.3 -1.0 -0.8 1,009 1,006 1,013 1,075 -6.1

 Apparel............................................. 672 677 661 -0.7 2.4 -1.5 652 666 641 699 -6.7

 Leather and allied products.................... 232 229 232 1.3 -1.3 1.3 226 225 233 238 -5.0

 Paper products.................................... 8,168 8,205 8,277 -0.5 -0.9 0.3 8,273 8,266 8,287 8,473 -2.4

 Printing ............................................. 2,699 2,699 2,782 0.0 -3.0 1.4 2,690 2,655 2,707 2,786 -3.4

 Petroleum and coal products................. 6,587 6,357 6,192 3.6 2.7 -3.1 6,209 5,984 5,853 5,317 16.8

 Chemical products................................ 25,910 25,805 25,803 0.4 0.0 0.0 26,241 25,805 25,506 25,355 3.5

 Plastics and rubber products.................. 10,000 9,872 9,859 1.3 0.1 -0.9 10,091 9,906 9,795 10,051 0.4

WORK IN PROCESS

 All manufacturing industries....................... 195,541 194,607 194,074 0.5 0.3 1.0 196,131 192,887 187,975 193,608 1.3

 Durable goods industries.......................... 144,760 143,884 143,580 0.6 0.2 0.0 145,488 142,733 138,849 147,274 -1.2

 Wood products................................... 2,337 2,375 2,298 -1.6 3.4 0.9 2,390 2,406 2,233 2,275 5.1

 Nonmetallic mineral products................. 1,464 1,468 1,488 -0.3 -1.3 -0.8 1,529 1,473 1,406 1,539 -0.6

 Primary metals.................................... 9,261 9,199 9,253 0.7 -0.6 1.4 9,360 9,193 8,868 9,401 -0.4

 Fabricated metal products........................ 13,104 13,071 12,930 0.3 1.1 0.4 13,115 12,978 12,626 12,870 1.9

 Machinery.......................................... 19,772 19,535 19,727 1.2 -1.0 2.2 19,929 19,277 18,712 18,898 5.5

 Computers and electronic products........ 13,420 13,353 13,279 0.5 0.6 0.8 13,497 13,096 12,556 13,852 -2.6

 Electrical equipment, appliances,

 and components............................... 3,558 3,516 3,453 1.2 1.8 0.1 3,568 3,512 3,315 3,456 3.2

 Transportation equipment..................... 76,714 76,259 76,054 0.6 0.3 -0.9 76,957 75,736 74,211 79,983 -3.8

 Furniture and related products............... 1,109 1,074 1,087 3.3 -1.2 -3.8 1,105 1,078 1,076 1,110 -0.5

 Miscellaneous products......................... 4,021 4,034 4,011 -0.3 0.6 0.8 4,038 3,984 3,846 3,890 3.8

 Nondurable goods industries...................... 50,781 50,723 50,494 0.1 0.5 3.8 50,643 50,154 49,126 46,334 9.3

 Food products.................................... 6,116 6,142 6,039 -0.4 1.7 3.8 6,258 6,465 6,459 6,150 1.8

 Beverage and tobacco products................... 7,746 7,722 7,642 0.3 1.0 0.2 7,905 7,997 7,974 7,691 2.8

 Textiles.............................................. 667 662 664 0.8 -0.3 0.5 661 658 643 678 -2.5

 Textile products................................... 428 432 433 -0.9 -0.2 0.2 432 429 406 452 -4.4

 Apparel............................................. 314 312 319 0.6 -2.2 -3.6 307 295 294 325 -5.5

 Leather and allied products.................... 107 111 111 -3.6 0.0 1.8 107 112 109 99 8.1

 Paper products.................................... 1,222 1,225 1,251 -0.2 -2.1 -0.2 1,230 1,222 1,225 1,288 -4.5

 Printing ............................................. 1,411 1,449 1,471 -2.6 -1.5 0.6 1,411 1,367 1,340 1,626 -13.2

 Petroleum and coal products................. 10,350 10,234 9,995 1.1 2.4 13.1 9,865 9,293 8,974 7,044 40.0

 Chemical products................................ 19,261 19,300 19,408 -0.2 -0.6 2.4 19,249 19,186 18,661 17,921 7.4

 Plastics and rubber products.................. 3,159 3,134 3,161 0.8 -0.9 0.3 3,218 3,130 3,041 3,060 5.2

FINISHED GOODS

 All manufacturing industries....................... 225,415 225,428 224,689 0.0 0.3 0.5 226,069 223,883 215,387 222,439 1.6

 Durable goods industries.......................... 110,921 110,829 111,230 0.1 -0.4 0.2 112,570 110,886 106,636 111,704 0.8

 Wood products................................... 4,427 4,512 4,519 -1.9 -0.2 0.7 4,651 4,656 4,346 4,629 0.5

 Nonmetallic mineral products................. 6,299 6,291 6,306 0.1 -0.2 -1.0 6,461 6,345 6,121 6,381 1.3

 Primary metals.................................... 10,158 9,983 9,854 1.8 1.3 0.3 10,312 10,078 9,769 10,139 1.7

 Fabricated metal products........................ 18,342 18,266 18,274 0.4 0.0 0.0 18,582 18,294 17,755 18,407 1.0

 Machinery.......................................... 23,506 23,468 23,341 0.2 0.5 0.9 23,945 23,575 22,629 23,445 2.1

 Computers and electronic products........ 11,819 11,844 11,663 -0.2 1.6 -1.1 11,997 11,695 11,074 11,901 0.8

 Electrical equipment, appliances,

 and components............................... 6,436 6,398 6,318 0.6 1.3 0.6 6,474 6,304 5,876 6,289 2.9

 Transportation equipment..................... 15,451 15,685 16,719 -1.5 -6.2 0.4 15,706 15,665 15,155 16,543 -5.1

 Furniture and related products............... 2,574 2,514 2,485 2.4 1.2 0.7 2,511 2,429 2,309 2,421 3.7

 Miscellaneous products......................... 11,909 11,868 11,751 0.3 1.0 -0.1 11,931 11,845 11,602 11,549 3.3

 Nondurable goods industries...................... 114,494 114,599 113,459 -0.1 1.0 0.8 113,499 112,997 108,751 110,735 2.5

 Food products.................................... 30,016 29,884 29,819 0.4 0.2 1.2 29,463 29,038 28,562 28,559 3.2

 Beverage and tobacco products................... 8,279 8,258 8,164 0.3 1.2 2.0 8,172 8,125 7,705 7,758 5.3

 Textiles.............................................. 1,340 1,358 1,354 -1.3 0.3 0.8 1,343 1,355 1,328 1,283 4.7

 Textile products................................... 1,646 1,631 1,616 0.9 0.9 0.6 1,667 1,649 1,573 1,600 4.2

 Apparel............................................. 1,420 1,423 1,411 -0.2 0.9 -2.4 1,407 1,437 1,305 1,492 -5.7

 Leather and allied products.................... 454 448 441 1.3 1.6 -1.3 444 441 432 449 -1.1

 Paper products.................................... 6,768 6,815 6,684 -0.7 2.0 1.1 6,833 6,843 6,555 6,832 0.0

 Printing ............................................. 1,755 1,735 1,723 1.2 0.7 -1.7 1,737 1,703 1,687 1,576 10.2

 Petroleum and coal products................. 13,999 13,845 13,287 1.1 4.2 6.8 12,997 13,424 12,699 10,349 25.6

 Chemical products................................ 36,353 36,657 36,492 -0.8 0.5 -1.4 36,757 36,586 35,000 38,354 -4.2

 Plastics and rubber products.................. 12,464 12,545 12,468 -0.6 0.6 0.2 12,679 12,396 11,905 12,483 1.6

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. 

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, February Full Report, April 4, 2017. Information on data sources and methodology can be found on our website at 

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

 to Shipments, by Industry Group 1

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

Inventory/Shipments ratio Unfilled Orders/Shipments ratio2

Industry Feb Jan Dec Nov Feb Jan Dec Nov

2017p 2017r 2016 2016 2017p 2017r 2016 2016

All manufacturing industries3

............................ 1.31 1.31 1.31 1.34 (X) (X) (X) (X)

Durable goods industries3

.................................. 1.61 1.61 1.61 1.64 6.53 6.57 6.59 6.75

 Wood products.............................................. 1.27 1.31 1.31 1.32 (X) (X) (X) (X)

 Nonmetallic mineral products......................... 1.28 1.29 1.30 1.30 (X) (X) (X) (X)

 Primary metals.............................................. 1.71 1.71 1.71 1.74 1.80 1.81 1.82 1.85

 Fabricated metal products.............................. 1.55 1.56 1.57 1.58 2.44 2.46 2.49 2.50

 Machinery..................................................... 2.13 2.15 2.13 2.18 3.28 3.30 3.25 3.34

 Computers and electronic products3

................ 1.53 1.53 1.52 1.53 5.85 5.90 5.87 5.89

 Electrical equipment, appliances,

 and components........................................ 1.70 1.71 1.69 1.71 2.11 2.12 2.10 2.09

 Transportation equipment.............................. 1.51 1.50 1.50 1.55 13.73 13.80 13.85 14.32

 Furniture and related products........................ 1.15 1.14 1.13 1.13 1.60 1.58 1.54 1.52

 Miscellaneous products.................................. 1.81 1.80 1.79 1.82 (X) (X) (X) (X)

Nondurable goods industries............................. 1.02 1.02 1.02 1.04 (X) (X) (X) (X)

 Food products.............................................. 0.82 0.82 0.82 0.83 (X) (X) (X) (X)

 Beverage and tobacco products...................... 1.69 1.70 1.66 1.66 (X) (X) (X) (X)

 Textiles........................................................ 1.19 1.21 1.23 1.25 (X) (X) (X) (X)

 Textile products............................................ 1.49 1.47 1.45 1.49 (X) (X) (X) (X)

 Apparel......................................................... 2.17 2.15 2.23 2.35 (X) (X) (X) (X)

 Leather and allied products............................. 2.29 2.23 2.21 2.30 (X) (X) (X) (X)

 Paper products.............................................. 1.05 1.06 1.05 1.05 (X) (X) (X) (X)

 Printing......................................................... 0.85 0.85 0.87 0.85 (X) (X) (X) (X)

 Petroleum and coal products........................... 0.69 0.67 0.67 0.71 (X) (X) (X) (X)

 Chemical products......................................... 1.19 1.20 1.20 1.22 (X) (X) (X) (X)

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

Feb3 Feb3 Feb3 Feb3

Industry 2016- 2016- 2016- 2016-

Feb2 Jan Feb2 Jan Feb2 Jan Feb2 Jan

2017 2017 2017 2017 2017 2017 2017 2017

 

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

Durable goods industries....................... 0.0 0.1 0.1 0.5 0.0 0.1 0.0 0.1

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

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

 Primary metals.................................... -0.2 0.3 -0.7 0.8 -0.1 0.3 0.2 0.3

 Fabricated metal products.................... 0.1 0.3 0.6 0.5 0.3 0.2 0.1 0.2

 Machinery.......................................... 0.2 0.4 0.2 0.4 0.0 0.2 0.0 0.1

 Computers and electronic products..... 0.1 0.4 0.3 0.7 0.1 0.1 0.0 0.2

 Electrical equipment, appliances,

 and components............................. -0.4 0.4 -0.3 0.7 0.1 0.2 -0.1 0.2

 Transportation equipment.................... 0.0 0.2 0.1 1.1 0.0 0.1 0.0 0.1

 Furniture and related products............. (X) 0.3 (X) 1.0 (X) 0.5 (X) 0.3

 Miscellaneous products...................... (X) 0.5 (X) 0.6 (X) 0.2 (X) 0.2

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

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

 Beverage and tobacco products............ (X) 0.5 (X) (NA) (X) (NA) (X) 0.3

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

 Textile products.................................. (X) 0.5 (X) (NA) (X) (NA) (X) 0.3

 Apparel.............................................. (X) 1.1 (X) (NA) (X) (NA) (X) 0.4

 Leather and allied products.................... (X) 0.8 (X) (NA) (X) (NA) (X) 0.3

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

 Printing.............................................. (X) 0.3 (X) (NA) (X) (NA) (X) 0.5

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

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

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

X

 Not Applicable 

p

 Preliminary 

r

 Revised data due to late receipts and concurrent seasonal adjustment. 

2

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

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

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

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

3

 Unfilled orders to shipments ratio excludes semiconductor manufacturing. 

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

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

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

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

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, February Full Report, April 4, 2017.

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

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

X Not Applicable 

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, February Full Report, April 4, 

2017. Information on data sources and methodology can be found on our website at 

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

Table 8. Revisions to Previously Published Monthly Percent Changes 1

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

Shipments New Orders Unfilled Orders Inventories