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FOR RELEASE AT 8:30 AM EST, WEDNESDAY, NOVEMBER 24, 2021

MONTHLY ADVANCE REPORT ON DURABLE GOODS MANUFACTURERS’ SHIPMENTS, 

INVENTORIES AND ORDERS OCTOBER 2021

Release Number: CB 21-182 M3-1 (21)-10

Statement Regarding COVID-19 Impact: The Census Bureau continues to monitor response and data 

quality and has determined that estimates in this release meet publication standards. For more 

information, see < M3 COVID-19 FAQs>.

November 24, 2021 — The U.S. Census Bureau announces the October advance report on durable goods 

manufacturers’ shipments, inventories and orders:

New Orders

New orders for manufactured durable goods in October decreased $1.2 billion or 0.5 percent to $260.1

billion, the U.S. Census Bureau announced today. This decrease, down two consecutive months, followed 

a 0.4 percent September decrease. Excluding transportation, new orders increased 0.5 percent. Excluding 

defense, new orders increased 0.8 percent. Transportation equipment, down three of the last four

months, drove the decrease, 2.0 billion or 2.6 percent to $75.3 billion.

DURABLE GOODS – NEW ORDERS

OCTOBER 2021 $260.1 billion -0.5%°

SEPTEMBER 2021

(revised) $261.3 billion -0.4%°

Next release: December 23, 2021

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, November

24, 2021.

-2.0%

-1.0%

0.0%

1.0%

2.0%

3.0%

4.0%

Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21

DURABLE GOODS NEW ORDERS 2020-2021

Seasonally Adjusted, Month-To-Month Percentage Change

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders, November 24, 2021.
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Shipments

Shipments of manufactured durable goods in October, up five of the last six months, increased $4.0 billion 

or 1.5 percent to $261.5 billion. This followed a 0.6 percent September increase. Transportation 

equipment, up following two consecutive monthly decreases, led the increase, $2.3 billion or 3.2 percent 

to $75.3 billion.

Unfilled Orders

Unfilled orders for manufactured durable goods in October, up nine consecutive months, increased $3.1

billion or 0.2 percent to $1,249.7 billion. This followed a 0.7 percent September increase. Machinery, up

nineteen consecutive months, led the increase, $1.4 billion or 1.2 percent to $113.7 billion.

Inventories

Inventories of manufactured durable goods in October, up nine consecutive months, increased $2.8 billion 

or 0.6 percent to $466.0 billion. This followed a 1.0 percent September increase. Fabricated metal 

products, up thirteen consecutive months, led the increase, $0.9 billion or 1.4 percent to $61.0 billion. 

Capital Goods

Nondefense new orders for capital goods in October decreased $1.0 billion or 1.2 percent to $83.8 billion. 

Shipments decreased $0.1 billion or 0.1 percent to $80.8 billion. Unfilled orders increased $3.0 billion or 

0.4 percent to $760.3 billion. Inventories increased $0.8 billion or 0.4 percent to $203.8 billion. Defense 

new orders for capital goods in October decreased $3.0 billion or 20.1 percent to $11.8 billion. Shipments

increased $0.2 billion or 2.0 percent to $12.5 billion. Unfilled orders decreased $0.6 billion or 0.3 percent 

to $190.0 billion. Inventories increased less than $0.1 billion or 0.2 percent to $21.2 billion.

Revised September Data

Revised seasonally adjusted September figures for all manufacturing industries were: new orders, $517.1

billion (revised from $515.9 billion); shipments, $513.4 billion (revised from $511.5 billion); unfilled orders, 

$1,246.6 billion (revised from $1,247.3 billion) and total inventories, $757.6 billion (revised from $756.9

billion).

Revised and more detailed estimates, plus nondurable goods data, will be published on December 3, 2021,

at 10:00 a.m. EST. The Advance Report on durable goods for November is scheduled for release on

December 23, 2021 at 8:30 a.m. EST. View the full schedule in the Economic Briefing Room:

<https://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-inprocess, and finished goods). Data published from the M3 survey are based on a panel of approximately 

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

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

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

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

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

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

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

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

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

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

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

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 
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survey documentation can be found on our web site: 

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

Special Notice - New Advance Estimates Of Total Manufacturing

Beginning with September 2021 data on October 27, 2021, advance estimates of total manufacturing, 

including M3 durable and nondurable industries, for shipments and inventories, are available at the same 

time as the Advance Report on Durable Goods Manufacturers’ Shipments, Inventories and Orders. 

Monthly advance total manufacturing estimates are available on a seasonally adjusted basis as well as a 

not seasonally adjusted basis on the M3 website under the “Advance Report Highlights”. 

2022 Release Dates for the M3 Survey

Survey month Advance Report 

(8:30 a.m. release time)

Full Report 

(10:00 a.m. release time)

Nov-21 Thu 12/23/2021 Thu 1/6/2022

Dec-21 Thu 1/27/2022 Thu 2/3/2022

Jan-22 Fri 2/25/2022 Thu 3/3/2022

Feb-22 Thu 3/24/2022 Mon 4/4/2022

Mar-22 Tue 4/26/2022 Tue 5/3/2022

Apr-22 Wed 5/25/2022 Thu 6/2/2022

May-22 Mon 6/27/2022 Tue 7/5/2022

Jun-22 Wed 7/27/2022 Wed 8/3/2022

Jul-22 Wed 8/24/2022 Fri 9/2/2022

Aug-22 Tue 9/27/2022 Tue 10/4/2022

Sep-22 Thu 10/27/2022 Thu 11/3/2022

Oct-22 Wed 11/23/2022 Mon 12/5/2022

Nov-22 Fri 12/23/2022 Not available at this time

OMB: Schedule of Release Dates 2022 (whitehouse.gov)
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RESOURCES

API

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

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

before.

<www.census.gov/developers/>

FRED Mobile App

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

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

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

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

###
Table 1. Durable Goods Manufacturers' Shipments and New Orders 1

[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

Item Percent

Oct Sep Aug Sep - Aug - Jul - Oct Sep Oct Change

2021 2 2021 r 2021 Oct 2 Sep r Aug 2021 2 2021 r 2020 2021 2020 2021/2020

DURABLE GOODS

 Total:

 Shipments................................ 261,486 257,508 255,914 1.5 0.6 -0.5 265,405 272,027 245,809 2,525,905 2,236,086 13.0

 New Orders4

.............................. 260,087 261,289 262,317 -0.5 -0.4 1.3 259,401 271,307 233,711 2,546,048 2,086,009 22.1

 Excluding transportation:

 Shipments................................ 186,220 184,548 182,657 0.9 1.0 0.5 188,155 193,860 168,492 1,791,844 1,574,022 13.8

 New Orders4

.............................. 184,836 184,001 182,782 0.5 0.7 0.3 183,961 191,391 164,947 1,797,881 1,540,304 16.7

 Excluding defense:

 Shipments................................ 246,975 243,387 241,670 1.5 0.7 -0.4 251,116 256,398 232,549 2,388,241 2,108,241 13.3

 New Orders4

.............................. 246,379 244,454 249,072 0.8 -1.9 1.8 247,397 252,745 223,370 2,413,695 1,959,028 23.2

 Manufacturing with unfilled orders:

 Shipments................................ 184,767 182,717 180,865 1.1 1.0 0.3 185,138 193,412 165,243 1,765,796 1,564,082 12.9

 New Orders.............................. 187,821 191,008 191,683 -1.7 -0.4 2.9 184,382 197,638 157,961 1,829,969 1,455,190 25.8

 Primary metals:

 Shipments................................ 24,744 24,076 23,896 2.8 0.8 -0.1 24,495 24,457 19,097 229,345 183,582 24.9

 New Orders.............................. 24,609 24,202 23,975 1.7 0.9 -1.9 24,166 24,066 19,640 234,268 184,031 27.3

 Fabricated metal products:

 Shipments................................ 36,175 35,625 35,089 1.5 1.5 1.1 37,096 36,969 31,676 343,029 298,139 15.1

 New Orders.............................. 36,890 36,744 36,593 0.4 0.4 2.4 36,384 37,173 32,045 361,805 299,592 20.8

 Machinery:

 Shipments................................ 36,975 37,175 36,625 -0.5 1.5 1.3 36,725 38,202 32,634 355,766 311,474 14.2

 New Orders.............................. 38,331 38,682 38,188 -0.9 1.3 -0.9 37,852 39,328 32,786 370,872 313,805 18.2

 Computers and electronic products4

:

 Shipments................................ 29,167 29,193 28,995 -0.1 0.7 0.3 29,214 32,586 28,475 284,819 268,210 6.2

 New Orders.............................. 25,367 25,203 25,255 0.7 -0.2 1.2 24,640 28,625 23,811 244,671 228,178 7.2

 Computers and related products:

 Shipments................................ 1,938 1,959 1,977 -1.1 -0.9 -1.5 1,868 2,135 1,783 19,166 17,185 11.5

 New Orders.............................. 1,897 1,939 1,961 -2.2 -1.1 -3.0 1,827 2,115 1,783 19,060 17,064 11.7 

 Communications equipment:

 Shipments................................ 3,484 3,471 3,471 0.4 0.0 0.5 3,077 4,349 3,225 33,421 31,104 7.4

 New Orders.............................. 3,953 3,662 3,659 7.9 0.1 -0.2 3,625 4,448 3,302 35,202 31,390 12.1

 Electrical equipment, appliances, 

 and components: 

 Shipments................................ 12,844 12,620 12,545 1.8 0.6 -0.7 12,927 13,678 11,579 124,071 108,825 14.0

 New Orders.............................. 13,377 13,221 13,064 1.2 1.2 1.6 13,410 13,927 11,566 128,993 110,106 17.2

 Transportation equipment: 

 Shipments................................ 75,266 72,960 73,257 3.2 -0.4 -3.1 77,250 78,167 77,317 734,061 662,064 10.9

 New Orders.............................. 75,251 77,288 79,535 -2.6 -2.8 3.8 75,440 79,916 68,764 748,167 545,705 37.1

 Motor vehicles and parts:

 Shipments................................ 52,483 50,299 51,163 4.3 -1.7 -3.4 55,395 52,573 57,789 520,081 468,336 11.0

 New Orders.............................. 52,781 50,347 51,497 4.8 -2.2 -3.9 54,966 52,803 57,240 522,443 467,937 11.6 

 Nondefense aircraft and parts5

:

 Shipments................................ 8,241 8,556 7,941 -3.7 7.7 -1.3 7,452 10,263 6,418 76,349 66,934 14.1

 New Orders.............................. 8,848 10,351 15,044 -14.5 -31.2 63.9 8,185 9,386 1,338 93,839 -48,385 (NA)

 Defense aircraft and parts:

 Shipments................................ 4,638 4,395 4,530 5.5 -3.0 -0.1 4,626 5,010 4,719 44,510 45,680 -2.6

 New Orders.............................. 4,725 6,046 3,006 -21.8 101.1 -13.2 3,939 6,617 2,491 40,734 40,864 -0.3

 All other durable goods: 

 Shipments................................ 46,315 45,859 45,507 1.0 0.8 0.2 47,698 47,968 45,031 454,814 403,792 12.6

 New Orders.............................. 46,262 45,949 45,707 0.7 0.5 0.0 47,509 48,272 45,099 457,272 404,592 13.0

 Capital goods3

:

 Shipments................................ 93,293 93,151 91,794 0.2 1.5 0.0 91,463 100,394 83,837 895,585 790,902 13.2

 New Orders.............................. 95,602 99,569 100,301 -4.0 -0.7 5.6 92,743 103,048 77,656 933,353 686,104 36.0

 Nondefense capital goods:

 Shipments................................ 80,818 80,924 79,472 -0.1 1.8 0.4 79,159 86,999 72,676 776,994 682,790 13.8

 New Orders.............................. 83,776 84,763 88,619 -1.2 -4.4 7.4 82,320 87,360 68,602 817,260 575,122 42.1

 Excluding aircraft:

 Shipments........................... 76,034 75,805 74,859 0.3 1.3 0.6 75,266 80,284 68,999 731,928 646,393 13.2

 New Orders.......................... 78,588 78,124 77,102 0.6 1.3 0.5 77,705 81,890 69,444 754,559 652,839 15.6

 Defense capital goods:

 Shipments................................ 12,475 12,227 12,322 2.0 -0.8 -2.5 12,304 13,395 11,161 118,591 108,112 9.7

 New Orders.............................. 11,826 14,806 11,682 -20.1 26.7 -6.0 10,423 15,688 9,054 116,093 110,982 4.6

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 Based on advance sample. 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. 

3

 The Capital Goods Industries include Nondefense : 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. Defense Capital Goods include : small arms and ordnance, communications equipment, aircraft; 

missiles, space vehicles, and parts, ships and boats, and search and navigation equipment. 

4

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

unfilled orders exclude semiconductor industry data. 

5

 (NA) - New Orders year-to-date percent change is not provided for Nondefense aircraft and parts because the denominator has a negative value. 

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, October Advance Report, November 24, 2021. 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. Durable Goods Manufacturers' Unfilled Orders and Total Inventories 1

[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 Percent

Item Change

Oct Sep Aug Sep - Aug - Jul - Oct Sep Oct 2021/

2021 2 2021 r 2021 Oct 2 Sep r Aug 2021 2 2021 r 2020 2020

DURABLE GOODS

 Total:

 Unfilled Orders4

......................... 1,249,687 1,246,633 1,238,342 0.2 0.7 0.9 1,238,784 1,239,540 1,173,974 5.5

 Total Inventories....................... 466,034 463,220 458,707 0.6 1.0 0.9 466,164 462,937 429,341 8.6

 Excluding transportation:

 Unfilled Orders4

......................... 425,556 422,487 418,524 0.7 0.9 1.1 420,792 419,738 364,657 15.4

 Total Inventories....................... 311,970 308,879 305,156 1.0 1.2 1.0 310,563 307,537 280,223 10.8

 Excluding defense:

 Unfilled Orders4

........................... 1,035,621 1,031,764 1,026,187 0.4 0.5 1.2 1,027,544 1,026,015 958,332 7.2

 Total Inventories....................... 441,110 438,333 433,925 0.6 1.0 0.9 441,246 438,099 405,019 8.9

 Manufacturing with unfilled orders:

 Unfilled Orders......................... 1,249,687 1,246,633 1,238,342 0.2 0.7 0.9 1,238,784 1,239,540 1,173,974 5.5

 Total Inventories....................... 375,740 373,172 369,522 0.7 1.0 0.8 375,772 373,026 348,885 7.7

 Primary metals:

 Unfilled Orders......................... 40,913 41,048 40,922 -0.3 0.3 0.2 39,630 39,959 32,285 22.8

 Total Inventories....................... 41,832 41,104 40,568 1.8 1.3 1.4 41,367 40,747 33,804 22.4

 Fabricated metal products:

 Unfilled Orders......................... 104,540 103,825 102,706 0.7 1.1 1.5 103,137 103,849 83,056 24.2

 Total Inventories....................... 61,006 60,141 59,192 1.4 1.6 1.3 60,381 59,882 51,906 16.3

 Machinery: 

 Unfilled Orders......................... 113,747 112,391 110,884 1.2 1.4 1.4 112,542 111,415 96,074 17.1

 Total Inventories....................... 75,972 75,157 74,052 1.1 1.5 1.3 75,837 75,384 68,867 10.1

 Computers and electronic products4:

 Unfilled Orders......................... 122,071 121,418 120,898 0.5 0.4 0.6 121,621 120,947 116,663 4.2

 Total Inventories....................... 47,576 47,420 47,037 0.3 0.8 0.4 47,791 47,194 46,645 2.5

 Computers and related products:

 Unfilled Orders......................... 1,439 1,480 1,500 -2.8 -1.3 -1.1 1,439 1,480 1,466 -1.8

 Total Inventories....................... 3,787 3,769 3,733 0.5 1.0 2.0 3,776 3,869 3,440 9.8 

 Communications equipment:

 Unfilled Orders......................... 20,349 19,880 19,689 2.4 1.0 1.0 20,263 19,715 18,200 11.3

 Total Inventories....................... 5,133 5,125 5,073 0.2 1.0 -1.8 5,262 5,091 5,195 1.3

 Electrical equipment, appliances, 

 and components: 

 Unfilled Orders......................... 31,922 31,389 30,788 1.7 2.0 1.7 31,526 31,043 25,930 21.6

 Total Inventories....................... 21,310 21,173 20,899 0.6 1.3 0.6 21,183 20,875 19,609 8.0

 Transportation equipment: 

 Unfilled Orders......................... 824,131 824,146 819,818 0.0 0.5 0.8 817,992 819,802 809,317 1.1

 Total Inventories....................... 154,064 154,341 153,551 -0.2 0.5 0.9 155,601 155,400 149,118 4.3

 Motor vehicles and parts:

 Unfilled Orders......................... 28,425 28,127 28,079 1.1 0.2 1.2 27,209 27,638 23,149 17.5

 Total Inventories....................... 49,980 50,090 49,331 -0.2 1.5 2.6 50,200 50,488 40,502 23.9 

 Nondefense Aircraft and parts:

 Unfilled Orders......................... 598,547 597,940 596,145 0.1 0.3 1.2 596,250 595,517 586,173 1.7

 Total Inventories....................... 76,025 76,259 76,424 -0.3 -0.2 0.1 77,228 76,876 81,606 -5.4

 Defense Aircraft and parts: 

 Unfilled Orders......................... 81,294 81,207 79,556 0.1 2.1 -1.9 80,205 80,892 83,596 -4.1

 Total Inventories....................... 12,545 12,548 12,466 0.0 0.7 0.6 12,585 12,535 12,301 2.3

 All other durable goods: 

 Unfilled Orders......................... 12,363 12,416 12,326 -0.4 0.7 1.6 12,336 12,525 10,649 15.8

 Total Inventories....................... 64,274 63,884 63,408 0.6 0.8 0.5 64,004 63,455 59,392 7.8

 Capital goods3:

 Unfilled Orders......................... 950,301 947,992 941,574 0.2 0.7 0.9 944,221 942,941 912,452 3.5

 Total Inventories....................... 224,996 224,155 222,584 0.4 0.7 0.6 226,217 224,787 219,136 3.2

 Nondefense capital goods:

 Unfilled Orders......................... 760,337 757,379 753,540 0.4 0.5 1.2 756,991 753,830 723,731 4.6

 Total Inventories....................... 203,792 202,994 201,519 0.4 0.7 0.6 205,059 203,662 198,505 3.3

 Excluding aircraft: 

 Unfilled Orders.................... 238,341 235,787 233,468 1.1 1.0 1.0 236,541 234,102 212,528 11.3

 Total Inventories................... 137,954 136,942 135,336 0.7 1.2 0.8 137,996 136,949 127,804 8.0

 Defense capital goods:

 Unfilled Orders......................... 189,964 190,613 188,034 -0.3 1.4 -0.3 187,230 189,111 188,721 -0.8

 Total Inventories....................... 21,204 21,161 21,065 0.2 0.5 0.9 21,158 21,125 20,631 2.6

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

 Based on advance sample. 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. 

3

 The Capital Goods Industries include Nondefense : 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. Defense Capital Goods include : 

small arms and ordnance, communications equipment, aircraft; missiles, space vehicles, and parts, ships and boats, and search and navigation equipment. 

4

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

new orders and unfilled orders exclude semiconductor industry data. 

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, October Advance Report, November 24, 2021. 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>.