FOR IMMEDIATE RELEASE 

FRIDAY, JULY 25, 2014, AT 8:30 A.M. EDT 

Chris Savage or Adriana Stoica 

Manufacturing and Construction Division 

(301) 763-4832 

M3-1 (14)-06 

CB14-137

Advance Report on Durable Goods Manufacturers’ Shipments, Inventories and Orders 

June 2014 

New Orders 

 New orders for manufactured durable goods in June 

increased $1.8 billion or 0.7 percent to $239.9 billion, 

the U.S. Census Bureau announced today. This increase, 

up four of the last five months, followed a 1.0 percent 

May decrease. Excluding transportation, new orders 

increased 0.8 percent. Excluding defense, new orders 

increased 0.7 percent. 

 

 Machinery, up following two consecutive monthly 

decreases, led the increase, $0.9 billion or 2.4 percent to 

$37.3 billion. 

Shipments 

 Shipments of manufactured durable goods in June, up 

four of the last five months, increased $0.3 billion or 0.1 

percent to $238.2 billion. This followed a 0.1 percent 

May decrease. 

 Transportation equipment, up following two 

consecutive monthly decreases, drove the increase, $0.5 

billion or 0.7 percent to $70.2 billion. 

 

Unfilled Orders 

 Unfilled orders for manufactured durable goods in 

June, up fourteen of the last fifteen months, increased 

$8.7 billion or 0.8 percent to $1,096.8 billion. This was 

at the highest level since the series was first published on 

a NAICS basis in 1992 and followed a 0.7 percent May 

increase. 

 Transportation equipment, up nine of the last ten 

months, led the increase, $4.9 billion or 0.7 percent to 

$681.0 billion.

Inventories 

 

 Inventories of manufactured durable goods in June, up 

fourteen of the last fifteen months, increased $1.6 billion 

or 0.4 percent to $399.7 billion. This was at the highest 

level since the series was first published on a NAICS 

basis and followed a 1.0 percent May increase. 

 Transportation equipment, also up fourteen of the last 

fifteen months, led the increase, $0.9 billion or 0.7 

percent to $128.8 billion. 

Capital Goods 

 Nondefense new orders for capital goods in June 

increased $1.5 billion or 1.8 percent to $82.3 billion. 

Shipments increased $0.9 billion or 1.2 percent to $76.6 

billion. Unfilled orders increased $5.6 billion or 0.8 

percent to $667.2 billion. Inventories increased $0.1 

billion or 0.1 percent to $181.8 billion. 

 Defense new orders for capital goods in June increased 

$0.2 billion or 2.5 percent to $9.7 billion. Shipments 

decreased $0.1 billion or 0.6 percent to $9.4 billion. 

Unfilled orders increased $0.3 billion or 0.2 percent to 

$159.8 billion. Inventories increased $0.5 billion or 2.1 

percent to $24.1 billion. 

Revised May Data 

 Revised seasonally adjusted May figures for all 

manufacturing industries were: new orders, $497.0 

billion (revised from $497.7 billion); shipments, $496.7 

billion (revised from $498.3 billion); unfilled orders, 

$1,088.1 billion (revised from $1,087.4 billion); and 

total inventories, $652.0 billion (revised from $651.5 

billion). 

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

manufacturing. For data, call (301) 763-4673 or go to <http://www.census.gov/m3>. Revised and more detailed estimates, plus 

nondurable goods data, will be published on August 5, 2014, at 10:00 a.m. EDT. The Advance Report on durable goods for July is

scheduled for release on August 26, 2014, at 8:30 a.m. EDT. See back page for survey description. To receive the latest updates on the 

Nation's key economic indicators, download the America's Economy app for Apple and Android smartphones and tablets. The U.S. 

Census Bureau updated its Application Programming Interface (API) with monthly and quarterly economic indicators. The API allows developers to combine Census Bureau statistics with other data sets to create tools for research on a variety of topics.
 2

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

Jun May Apr May - Apr - Mar - Jun May Jun Change

2014 2 2014 r 2014 Jun 2 May r Apr 2014 2 2014 r 2013 2014 2013 2014/2013

DURABLE GOODS

 Total:

 Shipments................................ 238,213 237,927 238,106 0.1 -0.1 0.1 255,552 242,980 243,782 1,420,617 1,367,903 3.9

 New Orders4.............................. 239,917 238,160 240,481 0.7 -1.0 0.9 257,729 238,551 255,967 1,416,785 1,368,899 3.5

 Excluding transportation:

 Shipments................................ 168,029 168,235 168,308 -0.1 0.0 0.3 179,212 171,261 169,505 1,001,444 961,218 4.2

 New Orders4.............................. 164,852 163,560 163,758 0.8 -0.1 0.4 173,799 166,767 163,675 983,670 946,758 3.9

 Excluding defense:

 Shipments................................ 226,688 226,317 226,259 0.2 0.0 0.1 242,950 231,362 230,074 1,351,246 1,296,226 4.2

 New Orders4.............................. 227,201 225,658 225,108 0.7 0.2 -0.8 240,387 228,966 239,196 1,344,803 1,305,849 3.0

 Manufacturing with unfilled orders:

 Shipments................................ 168,094 166,682 167,035 0.8 -0.2 0.1 181,678 170,597 172,508 997,239 959,823 3.9

 New Orders.............................. 176,833 174,052 177,010 1.6 -1.7 1.1 190,091 171,763 190,804 1,036,654 1,000,311 3.6

 Primary metals:

 Shipments................................ 27,001 26,791 26,565 0.8 0.9 1.6 27,844 27,756 25,331 161,509 152,498 5.9

 New Orders.............................. 27,681 27,437 26,753 0.9 2.6 0.6 28,145 27,689 25,354 164,559 155,978 5.5

 Fabricated metal products:

 Shipments................................ 29,880 29,661 29,424 0.7 0.8 -0.4 31,463 30,656 29,866 176,654 172,790 2.2

 New Orders.............................. 30,020 30,091 29,821 -0.2 0.9 3.3 30,412 31,209 29,195 179,835 183,437 -2.0

 Machinery:

 Shipments................................ 35,122 35,849 35,879 -2.0 -0.1 -1.1 37,738 37,281 36,062 215,020 207,113 3.8

 New Orders.............................. 37,333 36,444 36,873 2.4 -1.2 -2.4 38,946 37,425 35,903 225,932 211,062 7.0

 Computers and electronic products4

:

 Shipments................................ 28,399 28,377 28,868 0.1 -1.7 0.2 31,071 26,144 30,207 167,861 161,541 3.9

 New Orders.............................. 21,897 21,726 22,136 0.8 -1.9 -1.8 25,072 20,363 24,926 129,461 126,488 2.4

 Computers and related products:

 Shipments................................ 2,240 2,289 2,414 -2.1 -5.2 8.6 3,061 1,937 3,327 12,932 13,348 -3.1

 New Orders.............................. 2,266 2,633 2,361 -13.9 11.5 5.1 3,087 2,281 3,268 13,082 13,526 -3.3

 

 Communications equipment:

 Shipments................................ 3,828 3,706 3,844 3.3 -3.6 1.5 4,559 3,586 4,660 22,391 23,297 -3.9

 New Orders.............................. 3,535 3,557 4,267 -0.6 -16.6 -8.1 3,889 3,375 5,193 24,407 26,497 -7.9

 Electrical equipment, appliances, 

 and components: 

 Shipments................................ 10,177 10,173 10,166 0.0 0.1 -1.6 10,966 10,486 10,970 60,995 61,610 -1.0

 New Orders.............................. 10,372 10,397 10,713 -0.2 -2.9 1.0 11,051 10,943 11,270 63,425 63,269 0.2

 Transportation equipment: 

 Shipments................................ 70,184 69,692 69,798 0.7 -0.2 -0.6 76,340 71,719 74,277 419,173 406,685 3.1

 New Orders.............................. 75,065 74,600 76,723 0.6 -2.8 1.8 83,930 71,784 92,292 433,115 422,141 2.6

 Motor vehicles and parts:

 Shipments................................ 45,755 46,678 45,998 -2.0 1.5 -0.6 48,399 49,148 46,692 279,765 270,770 3.3

 New Orders.............................. 45,814 46,779 46,044 -2.1 1.6 -0.6 48,240 49,165 46,468 279,886 270,639 3.4 

 Nondefense aircraft and parts:

 Shipments................................ 12,764 11,236 11,890 13.6 -5.5 -1.4 14,981 10,527 13,985 69,261 64,112 8.0

 New Orders.............................. 16,418 15,168 15,594 8.2 -2.7 -7.4 18,064 12,194 28,910 79,410 89,039 -10.8

 Defense aircraft and parts:

 Shipments................................ 4,513 4,620 4,676 -2.3 -1.2 -0.6 5,112 4,612 5,483 27,045 27,738 -2.5

 New Orders.............................. 6,262 5,430 4,619 15.3 17.6 15.0 7,744 4,080 5,967 27,396 21,627 26.7

 All other durable goods: 

 Shipments................................ 37,450 37,384 37,406 0.2 -0.1 2.1 40,130 38,938 37,069 219,405 205,666 6.7

 New Orders.............................. 37,549 37,465 37,462 0.2 0.0 2.1 40,173 39,138 37,027 220,458 206,524 6.7

 Capital goods3

:

 Shipments................................ 86,062 85,177 86,160 1.0 -1.1 -0.4 94,679 85,545 91,886 509,427 494,892 2.9

 New Orders.............................. 91,968 90,274 95,376 1.9 -5.3 3.3 101,406 86,384 110,347 533,834 530,629 0.6

 Nondefense capital goods:

 Shipments................................ 76,638 75,697 76,520 1.2 -1.1 -0.7 84,564 75,985 81,104 452,911 436,778 3.7

 New Orders.............................. 82,254 80,794 82,569 1.8 -2.1 -0.6 87,952 79,177 96,338 475,804 479,361 -0.7

 Excluding aircraft:

 Shipments........................... 67,488 68,185 68,225 -1.0 -0.1 -0.3 73,812 68,974 71,095 405,565 393,063 3.2

 New Orders.......................... 70,356 69,373 70,221 1.4 -1.2 -1.1 75,073 69,571 73,069 423,775 412,718 2.7

 Defense capital goods:

 Shipments................................ 9,424 9,480 9,640 -0.6 -1.7 1.4 10,115 9,560 10,782 56,516 58,114 -2.7

 New Orders.............................. 9,714 9,480 12,807 2.5 -26.0 38.3 13,454 7,207 14,009 58,030 51,268 13.2

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 of shipments for the semiconductor industry are no longer shown separately. 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. 
 3

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

Jun May Apr May - Apr - Mar - Jun May Jun 2014/

2014 2 2014 r 2014 Jun2 May r Apr 2014 2 2014 r 2013 2013

DURABLE GOODS

 Total:

 Unfilled Orders4......................... 1,096,811 1,088,072 1,080,702 0.8 0.7 0.9 1,099,693 1,091,280 1,031,352 6.6

 Total Inventories....................... 399,675 398,069 393,961 0.4 1.0 0.2 397,240 401,564 375,530 5.8

 Excluding transportation:

 Unfilled Orders4......................... 415,822 411,964 409,502 0.9 0.6 0.8 419,310 418,487 396,367 5.8

 Total Inventories....................... 270,872 270,146 267,624 0.3 0.9 0.2 269,475 272,447 260,131 3.6

 Excluding defense:

 Unfilled Orders4........................... 905,749 898,201 891,723 0.8 0.7 0.7 906,178 902,505 829,625 9.2

 Total Inventories....................... 370,231 369,136 365,087 0.3 1.1 0.3 367,886 372,645 347,387 5.9

 Manufacturing with unfilled orders:

 Unfilled Orders......................... 1,096,811 1,088,072 1,080,702 0.8 0.7 0.9 1,099,693 1,091,280 1,031,352 6.6

 Total Inventories....................... 327,533 326,089 322,924 0.4 1.0 0.3 325,960 329,342 307,275 6.1

 Primary metals:

 Unfilled Orders......................... 38,680 38,000 37,354 1.8 1.7 0.5 39,103 38,802 35,607 9.8

 Total Inventories....................... 36,363 36,157 35,843 0.6 0.9 0.6 36,315 36,329 34,907 4.0

 Fabricated metal products:

 Unfilled Orders......................... 85,654 85,514 85,084 0.2 0.5 0.5 86,978 88,029 89,599 -2.9

 Total Inventories....................... 49,265 49,098 48,884 0.3 0.4 0.1 49,362 49,601 47,280 4.4

 Machinery: 

 Unfilled Orders......................... 118,133 115,922 115,327 1.9 0.5 0.9 118,659 117,451 105,739 12.2

 Total Inventories....................... 67,000 66,761 66,172 0.4 0.9 0.5 66,259 67,500 64,837 2.2

 Computers and electronic products4

:

 Unfilled Orders......................... 141,383 140,850 140,364 0.4 0.3 0.6 141,818 141,581 135,101 5.0

 Total Inventories....................... 48,661 48,714 47,571 -0.1 2.4 -0.7 48,133 49,063 46,335 3.9

 Computers and related products:

 Unfilled Orders......................... 3,539 3,513 3,169 0.7 10.9 -1.6 3,539 3,513 3,405 3.9

 Total Inventories....................... 4,704 4,601 4,682 2.2 -1.7 -0.3 4,575 4,749 4,583 -0.2 

 Communications equipment:

 Unfilled Orders......................... 37,478 37,771 37,920 -0.8 -0.4 1.1 37,543 38,213 33,630 11.6

 Total Inventories....................... 7,836 7,798 7,743 0.5 0.7 -0.6 7,708 7,751 7,338 5.0

 Electrical equipment, appliances, 

 and components: 

 Unfilled Orders......................... 24,346 24,151 23,927 0.8 0.9 2.3 24,720 24,635 22,633 9.2

 Total Inventories....................... 16,436 16,610 16,586 -1.0 0.1 0.1 16,388 16,893 16,811 -2.5

 Transportation equipment: 

 Unfilled Orders......................... 680,989 676,108 671,200 0.7 0.7 1.0 680,383 672,793 634,985 7.1

 Total Inventories....................... 128,803 127,923 126,337 0.7 1.3 0.4 127,765 129,117 115,399 10.7

 Motor vehicles and parts:

 Unfilled Orders......................... 16,677 16,618 16,517 0.4 0.6 0.3 16,637 16,796 16,654 -0.1

 Total Inventories....................... 26,596 26,350 26,460 0.9 -0.4 0.4 25,864 26,246 24,311 6.4 

 Nondefense Aircraft and parts:

 Unfilled Orders......................... 508,498 504,844 500,912 0.7 0.8 0.7 505,857 502,774 456,283 10.9

 Total Inventories....................... 72,342 72,210 70,601 0.2 2.3 1.0 72,281 73,670 62,834 15.0

 Defense Aircraft and parts: 

 Unfilled Orders......................... 64,715 62,966 62,156 2.8 1.3 -0.1 64,862 62,230 66,248 -2.1

 Total Inventories....................... 14,196 14,223 14,171 -0.2 0.4 0.0 14,212 14,293 13,644 4.2

 All other durable goods: 

 Unfilled Orders......................... 7,626 7,527 7,446 1.3 1.1 0.8 8,032 7,989 7,688 4.5

 Total Inventories....................... 53,147 52,806 52,568 0.6 0.5 0.3 53,018 53,061 49,961 6.1

 Capital goods3:

 Unfilled Orders......................... 827,007 821,101 816,004 0.7 0.6 1.1 828,852 822,125 776,951 6.7

 Total Inventories....................... 205,885 205,248 202,761 0.3 1.2 0.4 205,025 207,834 193,078 6.2

 Nondefense capital goods:

 Unfilled Orders......................... 667,173 661,557 656,460 0.8 0.8 0.9 666,764 663,376 605,854 10.1

 Total Inventories....................... 181,804 181,662 179,191 0.1 1.4 0.6 181,050 184,332 170,111 6.4

 Excluding aircraft: 

 Unfilled Orders.................... 244,756 241,888 240,700 1.2 0.5 0.8 246,855 245,594 227,494 8.5

 Total Inventories................... 121,778 121,541 120,857 0.2 0.6 0.4 120,707 122,727 118,290 2.0

 Defense capital goods:

 Unfilled Orders......................... 159,834 159,544 159,544 0.2 0.0 2.0 162,088 158,749 171,097 -5.3

 Total Inventories....................... 24,081 23,586 23,570 2.1 0.1 -1.4 23,975 23,502 22,967 4.4

See footnotes at end of Table 1 
4

Survey Description 

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

and Orders (M3) survey. This survey provides statistics on 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). The M3 includes approximately 4,300 reporting units. Units may be 

divisions of diversified large companies, large homogenous companies, or single-unit manufacturers in 89 

industry categories. Due to the small monthly sample, these 89 categories have been combined into 65

publication levels. The survey methodology assumes that the month-to-month changes of the total 

operations of those companies in the monthly survey effectively represent the month-to-month movements 

of all establishments that make up the category. The current coverage levels in the survey show that 

reported data in the monthly survey represent approximately 60 percent of the shipments estimates at the 

total manufacturing level. Data published represent manufacturing in a calendar month. The data 

collection is based on a voluntary survey authorized by Title 13 of the United States Code. 

The data presented in this release are based on data obtained from a panel of 4,300 reporting units and 

provide an indication of the activity within the manufacturing sector. The results differ from what would 

be obtained from a complete enumeration of all manufacturing companies. In addition, a different panel of 

4,300 companies would yield different results. The M3 panel is comprised of companies with $500 

million or more in shipments and a limited number of smaller companies. From a statistical perspective, 

the panel is not 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: http://www.census.gov/m3.