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FOR RELEASE AT 10:00 AM EDT, THURSDAY, NOVEMBER 2, 2023

MONTHLY FULL REPORT ON MANUFACTURERS’ SHIPMENTS, INVENTORIES AND ORDERS 

SEPTEMBER 2023

Release Number: CB 23-176 M3-2 (23)-09 

November 2, 2023 — The U.S. Census Bureau announces the September full report on manufacturers’ 

shipments, inventories and orders:

MANUFACTURED GOODS – NEW ORDERS

SEPTEMBER 2023 $601.5 billion +2.8%°

AUGUST 2023 

(revised) $585.4 billion +1.0%°

Next release: December 4, 2023

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 2, 

2023. 

Summary

New orders for manufactured goods in September, up six of the last seven months, increased $16.1 billion 

or 2.8 percent to $601.5 billion, the U.S. Census Bureau reported today. This followed a 1.0 percent

August increase. Shipments, up five consecutive months, increased $2.1 billion or 0.4 percent to $588.1

billion. This followed a 1.3 percent August increase. Unfilled orders, up nine of the last ten months, 

increased $18.4 billion or 1.4 percent to $1,353.6 billion. This followed a 0.3 percent August increase. The 

unfilled orders-to-shipments ratio was 6.88, up from 6.78 in August. Inventories, up three consecutive 

months, increased $2.0 billion or 0.2 percent to $857.3 billion. This followed a 0.3 percent August

increase. The inventories-to-shipments ratio was 1.46, unchanged from August. 

New Orders

New orders for manufactured durable goods in September, up following two consecutive monthly 

decreases, increased $13.1 billion or 4.6 percent to $297.0 billion, down from the previously published 4.7

percent increase. This followed a 0.1 percent August decrease. Transportation equipment, also up 

following two consecutive monthly decreases, led the increase, $12.3 billion or 12.7 percent to $109.2

0.9%

-2.4%

1.0%

0.0%

-1.7%

0.6%

0.3% 0.4%

2.3%

-2.1%

1.0%

2.8%

-3.0%

-2.0%

-1.0%

0.0%

1.0%

2.0%

3.0%

4.0%

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

MANUFACTURERS' NEW ORDERS 2022-2023

Seasonally Adjusted, Month-To-Month Percentage Change

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders, November 2, 2023.
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billion. New orders for manufactured nondurable goods increased $3.0 billion or 1.0 percent to $304.5

billion. 

Shipments

Shipments of manufactured durable goods in September, down two of the last three months, decreased

$0.9 billion or 0.3 percent to $283.6 billion, unchanged from the previously published decrease. This 

followed a 0.5 percent August increase. Transportation equipment, down three of the last four months, 

drove the decrease, $1.1 billion or 1.2 percent to $91.3 billion. Shipments of manufactured nondurable 

goods, up four consecutive months, increased $3.0 billion or 1.0 percent to $304.5 billion. This followed a 

2.2 percent August increase. Petroleum and coal products, also up four consecutive months, led the 

increase, $2.2 billion or 3.1 percent to $73.6 billion.

Unfilled Orders

Unfilled orders for manufactured durable goods in September, up nine of the last ten months, increased

$18.4 billion or 1.4 percent to $1,353.6 billion, unchanged from the previously published increase. This 

followed a 0.3 percent August increase. Transportation equipment, also up nine of the last ten months, 

led the increase, $17.9 billion or 2.1 percent to $855.7 billion.

Inventories

Inventories of manufactured durable goods in September, up two consecutive months, increased $0.5

billion or 0.1 percent to $523.6 billion, unchanged from the previously published increase. This followed a 

0.1 percent August increase. Machinery, up thirty-four of the last thirty-five months, led the increase, $0.3 

billion or 0.3 percent to $95.1 billion. Inventories of manufactured nondurable goods, up three

consecutive months, increased $1.5 billion or 0.4 percent to $333.7 billion. This followed a 0.6 percent

August increase. Petroleum and coal products, also up three consecutive months, drove the increase, $1.7

billion or 3.5 percent to $50.3 billion. By stage of fabrication, September materials and supplies increased 

0.1 percent in durable goods and 0.5 percent in nondurable goods. Work in process increased 0.3 percent 

in durable goods and decreased 0.6 percent in nondurable goods. Finished goods decreased 0.1 percent in

durable goods and increased 0.9 percent in nondurable goods. 

The Advance Report on durable goods for October is scheduled for release on November 22, 2023, at 8:30

a.m. EST and the Full Report on December 4, 2023, at 10:00 a.m. EST. 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.

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

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

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

Description of the survey 

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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 
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sources. The use of company or divisional reports to estimate the monthly change for establishments is 

one source of nonsampling error. The use of primarily large companies to represent the month-to-month 

movement of all companies is another potential source. Any corrections will be published in the full 

report. Corrections received after the full report will be released in the next month’s advance report. 

Any revisions made later than two months will be reflected in the annual benchmark publication. 

Additional survey documentation can be found on our web site: 

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

2024 Release Dates for the M3 Survey

Survey month Advance Report on Durable 

Goods and Advance Total 

Manufacturing 

(8:30 a.m. release time)

Full Report 

(10:00 a.m. release time)

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Schedule of Release Dates 2024 (whitehouse.gov)
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RESOURCES

API 

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

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

before. 

<www.census.gov/developers/>. 

FRED Mobile App

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

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

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

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

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

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

Seasonally Adjusted Not Seasonally Adjusted 

Monthly Percent Change Monthly

Industry % Change

Sep. Aug. July Aug. - July - June - Sep. Aug. July Sep. 2023/

2023p 2023r 2023 Sep. Aug. July 2023p 2023r 2023 2022 2023p 2022 2022

 All manufacturing industries.................. 588,082 585,976 578,270 0.4 1.3 0.7 601,337 611,986 552,030 602,004 5,210,234 5,187,260 0.4

 Excluding transportation................... 496,778 493,582 486,611 0.6 1.4 0.9 504,743 515,100 475,579 509,067 4,402,491 4,451,384 -1.1

 Excluding defense.............................. 572,192 570,099 562,647 0.4 1.3 0.7 584,133 596,281 538,095 586,042 5,072,798 5,060,305 0.2

 With unfilled orders............................ 196,778 196,831 195,695 0.0 0.6 -0.5 205,414 204,700 180,298 200,868 1,758,135 1,690,584 4.0

 Durable goods industries......................... 283,596 284,490 283,138 -0.3 0.5 -0.1 295,623 298,361 259,904 292,161 2,535,995 2,443,055 3.8

 Wood products....................................... 13,331 13,370 13,354 -0.3 0.1 0.2 13,730 14,308 13,509 14,121 122,341 125,439 -2.5

 Nonmetallic mineral products.................... 13,311 13,321 13,277 -0.1 0.3 -0.1 13,851 14,979 13,578 14,013 120,669 118,505 1.8

 Primary metals....................................... 26,430 26,516 26,610 -0.3 -0.4 -0.8 26,323 28,123 25,422 27,094 244,483 248,782 -1.7

 Iron and steel mills............................ 14,439 14,540 14,618 -0.7 -0.5 -1.5 14,483 15,383 14,132 15,347 135,231 136,009 -0.6

 Aluminum and nonferrous metals.......... 10,396 10,368 10,398 0.3 -0.3 0.3 10,302 11,024 9,802 10,139 94,092 98,356 -4.3

 Ferrous metal foundries....................... 1,595 1,608 1,594 -0.8 0.9 -1.8 1,538 1,716 1,488 1,608 15,160 14,417 5.2

 Fabricated metal products....................... 36,161 35,812 35,701 1.0 0.3 0.0 37,035 38,230 34,305 36,822 322,608 323,804 -0.4

 Machinery............................................. 38,133 38,322 37,941 -0.5 1.0 0.4 38,568 39,553 35,783 38,205 341,655 330,438 3.4

 Farm machinery................................. 2,767 2,714 2,616 2.0 3.7 0.9 2,687 2,680 2,594 2,966 23,779 30,715 -22.6

 Construction machinery..................... 4,377 4,377 4,197 0.0 4.3 -3.0 4,257 4,387 4,024 3,953 39,022 33,296 17.2

 Mining, oil field, and 

 gas field machinery.......................... 1,696 1,733 1,765 -2.1 -1.8 4.8 1,708 1,724 1,689 1,563 15,334 12,893 18.9

 Industrial machinery.......................... 3,575 3,611 3,698 -1.0 -2.4 0.6 4,081 3,569 3,503 4,280 32,659 33,377 -2.2

 Photographic equipment...................... 607 629 645 -3.5 -2.5 -1.4 669 630 605 675 5,675 5,492 3.3

 Ventilation, heating, air-conditioning,

 and refrigeration equipment............ 5,013 5,134 5,021 -2.4 2.3 3.8 5,200 5,818 5,153 4,948 45,092 41,868 7.7

 Metalworking machinery..................... 2,662 2,730 2,676 -2.5 2.0 1.0 2,708 2,826 2,376 2,849 24,246 24,768 -2.1

 Turbines, generators, and other

 power transmission equipment....... 3,878 3,894 3,875 -0.4 0.5 -3.6 3,863 4,093 3,670 3,700 35,553 32,127 10.7

 Material handling equipment............... 4,271 4,264 4,162 0.2 2.5 0.2 4,148 4,502 3,703 3,601 36,315 32,367 12.2

 Computers and electronic products2.......... 29,547 29,394 29,336 0.5 0.2 0.4 32,801 29,529 27,506 32,692 259,395 254,383 2.0

 Computers........................................ 850 877 855 -3.1 2.6 3.9 905 953 854 839 7,403 6,678 10.9

 Computer storage devices..................... 418 422 428 -0.9 -1.4 13.5 415 390 388 364 3,526 3,121 13.0

 Other peripheral equipment................ 776 756 693 2.6 9.1 -14.5 948 727 643 871 6,813 5,245 29.9

 Nondefense communications

 equipment.................................... 2,860 2,812 2,826 1.7 -0.5 0.3 3,531 2,489 2,476 3,644 25,094 25,532 -1.7

 Defense communications equipment.... 197 201 209 -2.0 -3.8 5.6 226 209 201 232 1,808 1,755 3.0

 Audio and video equipment.................... 551 628 749 -12.3 -16.2 44.6 541 581 658 413 4,048 3,561 13.7

 Electronic components......................... 4,994 4,858 4,635 2.8 4.8 -1.6 5,179 5,212 4,503 4,899 42,928 42,069 2.0

 Nondefense search and navigation

 equipment...................................... 1,617 1,606 1,621 0.7 -0.9 -0.4 1,741 1,639 1,427 1,762 14,454 14,282 1.2

 Defense search and navigation

 equipment..................................... 3,317 3,316 3,315 0.0 0.0 0.6 3,521 3,283 3,110 3,408 28,844 27,751 3.9

 Electromedical, measuring,

 and control instruments................. 8,828 8,871 8,898 -0.5 -0.3 -0.1 9,921 8,874 8,270 10,003 78,445 77,779 0.9

 Electrical equipment, appliances, 

 and components................................... 14,226 14,192 14,042 0.2 1.1 0.0 15,056 15,006 13,157 14,286 127,100 117,462 8.2

 Electric lighting equipment..................... 1,328 1,334 1,309 -0.4 1.9 -0.3 1,377 1,414 1,262 1,276 11,677 10,845 7.7

 Household appliances........................ 2,374 2,364 2,340 0.4 1.0 -0.4 2,654 2,522 1,999 2,719 21,048 21,278 -1.1

 Electrical equipment............................ 4,657 4,682 4,677 -0.5 0.1 1.8 4,973 4,920 4,365 4,618 42,080 36,305 15.9

 Batteries........................................... 1,353 1,328 1,389 1.9 -4.4 5.5 1,381 1,428 1,227 1,056 11,631 8,481 37.1

 Transportation equipment........................ 91,304 92,394 91,659 -1.2 0.8 -0.3 96,594 96,886 76,451 92,937 807,743 735,876 9.8

 Automobiles..................................... 9,527 9,640 9,080 -1.2 6.2 0.9 10,002 10,886 7,096 8,953 81,309 72,375 12.3

 Light trucks and utility vehicles.............. 20,630 21,378 21,909 -3.5 -2.4 2.0 21,564 23,326 17,488 23,170 187,619 176,373 6.4

 Heavy duty trucks ............................. 3,071 3,057 2,986 0.5 2.4 0.5 3,236 3,130 2,775 2,855 26,654 21,958 21.4

 Motor vehicle bodies, parts, 

 and trailers.................................... 29,312 29,195 29,172 0.4 0.1 0.3 29,357 31,583 25,511 29,490 263,921 255,258 3.4

 Nondefense aircraft and parts................ 13,515 13,566 13,139 -0.4 3.2 -4.7 16,164 12,435 10,176 12,451 111,094 81,322 36.6

 Defense aircraft and parts.................. 4,523 4,688 4,772 -3.5 -1.8 -1.2 4,841 4,796 4,243 5,093 41,801 40,007 4.5

 Ships and boats................................. 3,368 3,665 3,460 -8.1 5.9 -6.6 3,331 3,634 3,052 3,417 33,173 31,120 6.6

 Furniture and related products.................. 6,781 6,690 6,712 1.4 -0.3 -2.4 6,775 7,185 6,723 6,941 61,390 61,376 0.0

 Miscellaneous durable goods................. 14,372 14,479 14,506 -0.7 -0.2 0.3 14,890 14,562 13,470 15,050 128,611 126,990 1.3

 Nondurable goods industries..................... 304,486 301,486 295,132 1.0 2.2 1.5 305,714 313,625 292,126 309,843 2,674,239 2,744,205 -2.5

 Food products....................................... 79,986 79,758 79,500 0.3 0.3 0.3 81,345 81,970 76,969 81,253 713,067 710,761 0.3

 Grain and oilseed milling....................... 9,831 9,691 9,702 1.4 -0.1 -0.5 9,653 10,174 9,436 9,982 88,645 89,126 -0.5

 Dairy products.................................. 11,449 11,415 11,435 0.3 -0.2 -0.6 11,328 11,684 11,310 11,762 103,629 104,699 -1.0

 Meat, poultry, and seafood products... 24,048 23,940 23,920 0.5 0.1 0.2 24,212 24,467 23,552 25,051 216,448 223,060 -3.0

 Beverage and tobacco products................ 18,217 17,894 17,832 1.8 0.3 0.1 18,451 18,536 17,954 16,889 157,292 140,780 11.7

 Beverages......................................... 11,036 10,997 10,974 0.4 0.2 1.8 11,270 11,639 11,096 10,745 97,546 91,243 6.9

 Tobacco............................................ 7,181 6,897 6,858 4.1 0.6 -2.5 7,181 6,897 6,858 6,144 59,746 49,537 20.6

 Textile mills........................................... 2,117 2,098 2,098 0.9 0.0 0.3 2,162 2,232 2,099 2,298 19,302 20,748 -7.0

 Textile products................................... 1,972 1,992 1,975 -1.0 0.9 -0.8 1,968 2,083 1,990 2,092 18,229 18,977 -3.9

 Apparel................................................ 835 851 856 -1.9 -0.6 3.9 849 906 832 869 7,409 7,177 3.2

 Leather and allied products...................... 469 474 476 -1.1 -0.4 -0.4 469 496 472 492 4,378 4,044 8.3

 Paper products...................................... 17,207 17,201 17,265 0.0 -0.4 -0.8 17,246 18,119 16,927 17,429 157,112 155,618 1.0

 Pulp, paper, and paperboard mills....... 6,859 6,801 6,836 0.9 -0.5 -1.6 6,890 7,080 6,848 6,732 62,666 60,394 3.8

 Paperboard containers........................ 6,307 6,334 6,308 -0.4 0.4 -0.3 6,365 6,897 6,094 6,520 57,160 57,444 -0.5

 Printing................................................. 7,332 7,267 7,310 0.9 -0.6 -0.1 7,417 7,452 7,010 7,685 64,855 64,075 1.2

 Petroleum and coal products.................. 73,575 71,366 65,733 3.1 8.6 6.4 73,588 75,637 69,753 78,113 610,082 704,896 -13.5

 Petroleum refineries.......................... 68,588 66,482 60,907 3.2 9.2 6.9 68,213 69,931 64,476 72,809 566,273 662,626 -14.5

 Chemical products..................................... 77,995 77,858 77,489 0.2 0.5 0.3 77,174 80,108 74,295 77,096 698,859 688,965 1.4

 Pesticides, fertilizers, and other

 agricultural chemicals....................... 4,032 3,983 3,982 1.2 0.0 3.4 3,546 3,269 3,161 3,731 35,760 36,794 -2.8

 Pharmaceuticals and medicines............. 24,778 24,922 24,833 -0.6 0.4 0.4 25,403 25,845 23,601 24,427 219,663 203,498 7.9

 Paints, coatings, and adhesives.......... 4,250 4,199 4,161 1.2 0.9 -0.1 4,185 4,630 4,105 4,186 38,398 38,466 -0.2

 Plastics and rubber products.................. 24,781 24,727 24,598 0.2 0.5 0.0 25,045 26,086 23,825 25,627 223,654 228,164 -2.0

Year to date

p

 Preliminary 

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

1

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

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

model parameters. Estimates are not adjusted for price changes. 

2

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

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

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

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

0265). 

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, September Full Report, November 2, 2023. Information on data sources and methodology can be found on our website at 

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

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

Seasonally Adjusted Not Seasonally Adjusted 

Monthly Percent Change Monthly

Industry % Change

Sep. Aug. July Aug. - July - June - Sep. Aug. July Sep. 2023/

2023p 2023r 2023 Sep. Aug. July 2023p 2023r 2023 2022 2023p 2022 2022

All manufacturing industries2........................ 601,522 585,403 579,414 2.8 1.0 -2.1 613,932 604,203 553,738 600,901 5,244,072 5,206,681 0.7

 Excluding transportation2...................... 492,368 488,548 481,416 0.8 1.5 0.9 497,469 506,019 469,994 501,297 4,360,096 4,421,988 -1.4

 Excluding defense2.............................. 586,768 568,421 564,152 3.2 0.8 -2.2 595,435 589,884 542,886 582,461 5,099,238 5,076,815 0.4

 With unfilled orders2

............................. 215,205 201,153 201,793 7.0 -0.3 -8.0 223,720 201,931 186,837 205,860 1,836,654 1,755,269 4.6

 Durable goods industries2......................... 297,036 283,917 284,282 4.6 -0.1 -5.6 308,218 290,578 261,612 291,058 2,569,833 2,462,476 4.4

 Primary metals........................................ 26,537 26,615 26,872 -0.3 -1.0 -0.2 25,627 27,589 25,632 26,607 243,848 248,077 -1.7

 Iron and steel mills.............................. 14,715 14,724 14,817 -0.1 -0.6 -0.6 14,085 15,306 14,373 15,111 135,528 136,276 -0.5

 Aluminum and nonferrous metals.......... 10,179 10,299 10,493 -1.2 -1.8 1.0 9,984 10,643 9,773 9,882 93,210 97,004 -3.9

 Ferrous metal foundries....................... 1,643 1,592 1,562 3.2 1.9 -4.9 1,558 1,640 1,486 1,614 15,110 14,797 2.1

 Fabricated metal products........................ 36,325 36,037 35,798 0.8 0.7 0.7 36,087 37,741 34,293 35,414 325,806 327,951 -0.7

 Machinery............................................. 38,035 37,767 37,584 0.7 0.5 0.8 37,921 38,243 35,629 37,977 340,596 337,941 0.8

 Construction machinery........................ 4,269 4,144 4,125 3.0 0.5 -3.6 4,169 3,905 3,928 3,204 37,804 33,360 13.3

 Mining, oil field, and

 gas field machinery.......................... 1,623 1,711 1,679 -5.1 1.9 11.8 1,635 1,702 1,603 1,567 14,888 12,946 15.0

 Industrial machinery............................ 3,381 3,625 3,470 -6.7 4.5 4.7 3,630 3,448 3,336 4,126 32,432 35,013 -7.4

 Photographic equipment....................... 463 513 595 -9.7 -13.8 -3.4 775 561 562 1,165 5,720 5,900 -3.1

 Ventilation, heating, air-conditioning,

 and refrigeration equipment............... 5,296 5,064 4,892 4.6 3.5 0.2 5,401 5,466 5,020 5,078 45,651 44,483 2.6

 Metalworking machinery....................... 2,652 2,616 2,682 1.4 -2.5 4.2 2,675 2,611 2,563 2,763 23,924 24,894 -3.9

 Turbines, generators, and other 

 power transmission equipment........... 4,101 4,006 4,125 2.4 -2.9 -3.8 4,086 4,205 3,920 3,717 36,096 31,924 13.1

 Material handling equipment.................. 4,344 4,181 4,177 3.9 0.1 0.7 4,241 4,283 3,629 3,956 36,321 33,984 6.9

 Computers and electronic products2........... 24,755 24,522 24,316 1.0 0.8 -0.6 27,912 23,307 22,204 27,372 214,669 210,457 2.0

 Computers........................................ 848 864 867 -1.9 -0.3 4.0 903 940 866 826 7,402 6,655 11.2

 Nondefense communications

 equipment...................................... 3,083 2,918 2,757 5.7 5.8 0.1 3,757 2,360 2,266 3,566 24,380 25,337 -3.8

 Defense communications equipment....... 194 196 207 -1.0 -5.3 3.5 228 207 202 237 1,797 1,730 3.9

 Electronic components......................... 4,951 4,760 4,484 4.0 6.2 -3.7 5,224 4,953 4,443 4,988 41,873 42,233 -0.9

 Nondefense search and navigation

 equipment...................................... 1,728 1,728 1,723 0.0 0.3 0.3 1,833 1,733 1,524 1,841 15,580 15,537 0.3

 Defense search and navigation

 equipment...................................... 3,189 3,178 3,315 0.3 -4.1 -5.8 3,695 2,754 2,821 3,817 29,305 27,304 7.3

 Electromedical, measuring,

 and control instruments..................... 8,865 8,920 8,940 -0.6 -0.2 0.2 10,206 8,504 8,248 10,287 78,594 78,388 0.3

 Electrical equipment, appliances, 

 and components................................... 14,496 14,358 14,178 1.0 1.3 -0.3 14,959 14,944 13,254 13,974 128,481 120,927 6.2

 Electric lighting equipment..................... 1,400 1,304 1,297 7.4 0.5 -3.5 1,415 1,336 1,201 1,237 11,835 10,978 7.8

 Household appliances.......................... 2,435 2,627 2,577 -7.3 1.9 8.1 2,873 2,760 2,205 2,867 21,724 20,742 4.7

 Electrical equipment............................ 4,804 4,623 4,520 3.9 2.3 -0.8 4,656 4,771 4,404 4,094 42,465 39,472 7.6

 Transportation equipment........................ 109,154 96,855 97,998 12.7 -1.2 -14.9 116,463 98,184 83,744 99,604 883,976 784,693 12.7

 Motor vehicle bodies, parts, 

 and trailers..................................... 29,440 29,254 29,107 0.6 0.5 -0.3 29,589 31,484 25,327 28,925 263,529 253,666 3.9

 Nondefense aircraft and parts................ 32,348 16,806 20,370 92.5 -17.5 -45.7 34,794 14,788 20,995 17,247 181,645 127,767 42.2

 Defense aircraft and parts.................... 4,918 5,800 4,890 -15.2 18.6 -8.3 5,965 5,378 3,425 4,406 47,559 41,205 15.4

 Ships and boats.................................. 3,079 3,925 3,438 -21.6 14.2 34.1 2,841 2,258 2,412 3,137 32,946 32,551 1.2

 Furniture and related products................... 6,730 6,601 6,480 2.0 1.9 -2.7 6,788 6,729 6,380 6,902 61,121 61,195 -0.1

 Nondurable goods industries..................... 304,486 301,486 295,132 1.0 2.2 1.5 305,714 313,625 292,126 309,843 2,674,239 2,744,205 -2.5

Year to date

p

 Preliminary 

r

 Revised data due to late receipts and concurrent seasonal adjustment. 

1

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

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

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

2

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

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

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

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

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, September Full Report, November 2, 2023. Information on data sources and methodology can be found on our website at 

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

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

Seasonally Adjusted Not Seasonally Adjusted

Monthly Percent Change Monthly % Change

Industry September

Sep. Aug. July Aug. - July - June - Sep. Aug. July Sep. 2023/

2023p 2023r 2023 Sep. Aug. July 2023p 2023r 2023 2022 2022

All manufacturing industries2

...................... 1,353,624 1,335,197 1,330,875 1.4 0.3 0.5 1,348,815 1,330,509 1,333,278 1,254,039 7.6

 Excluding transportation2...................... 497,881 497,304 497,443 0.1 0.0 0.0 494,670 496,233 500,300 497,992 -0.7

 Excluding defense2............................. 1,110,787 1,091,224 1,088,007 1.8 0.3 0.6 1,106,689 1,089,676 1,091,059 1,023,385 8.1

 Durable goods industries2

........................ 1,353,624 1,335,197 1,330,875 1.4 0.3 0.5 1,348,815 1,330,509 1,333,278 1,254,039 7.6

 Primary metals........................................ 38,294 38,187 38,088 0.3 0.3 0.7 37,131 37,827 38,361 37,310 -0.5

 Iron and steel mills............................... 23,360 23,084 22,900 1.2 0.8 0.9 22,758 23,156 23,233 22,326 1.9

 Aluminum and nonferrous metals............. 10,310 10,527 10,596 -2.1 -0.7 0.9 9,827 10,145 10,526 10,482 -6.2

 Ferrous metal foundries........................ 4,624 4,576 4,592 1.0 -0.3 -0.7 4,546 4,526 4,602 4,502 1.0

 Fabricated metal products......................... 129,392 129,228 129,003 0.1 0.2 0.1 129,622 130,570 131,059 130,612 -0.8

 Machinery.............................................. 138,406 138,504 139,059 -0.1 -0.4 -0.3 137,298 137,945 139,255 139,164 -1.3

 Construction machinery......................... 10,547 10,655 10,888 -1.0 -2.1 -0.7 10,169 10,257 10,739 11,408 -10.9

 Mining, oil field, and

 gas field machinery.......................... 4,866 4,939 4,961 -1.5 -0.4 -1.7 4,866 4,939 4,961 5,289 -8.0

 Industrial machinery............................. 11,738 11,932 11,918 -1.6 0.1 -1.9 11,456 11,907 12,028 11,659 -1.7

 Photographic equipment........................ 3,768 3,912 4,028 -3.7 -2.9 -1.2 3,888 3,782 3,851 4,032 -3.6

 Ventilation, heating, air-conditioning,

 and refrigeration equipment................ 13,726 13,443 13,513 2.1 -0.5 -0.9 13,511 13,310 13,662 12,678 6.6

 Metalworking machinery........................ 9,496 9,506 9,620 -0.1 -1.2 0.1 9,462 9,495 9,710 10,347 -8.6

 Turbines, generators, and other 

 power transmission equipment............ 32,671 32,448 32,336 0.7 0.3 0.8 32,671 32,448 32,336 32,122 1.7

 Material handling equipment................... 19,421 19,348 19,431 0.4 -0.4 0.1 19,246 19,153 19,372 18,655 3.2

 Computers and electronic products2............. 134,929 134,734 134,711 0.1 0.0 0.0 134,345 133,523 134,731 133,996 0.3

 Computers......................................... 1,282 1,284 1,297 -0.2 -1.0 0.9 1,282 1,284 1,297 1,304 -1.7

 Nondefense communications

 equipment...................................... 17,189 16,966 16,860 1.3 0.6 -0.4 16,833 16,607 16,736 17,366 -3.1

 Defense communications equipment........ 230 233 238 -1.3 -2.1 -0.8 235 233 235 259 -9.3

 Electronic components.......................... 16,587 16,630 16,728 -0.3 -0.6 -0.9 16,456 16,411 16,670 17,652 -6.8

 Nondefense search and navigation

 equipment....................................... 31,496 31,385 31,263 0.4 0.4 0.3 31,505 31,413 31,319 30,061 4.8

 Defense search and navigation

 equipment....................................... 35,961 36,089 36,227 -0.4 -0.4 0.0 35,984 35,810 36,339 35,647 0.9

 Electromedical, measuring,

 and control instruments...................... 32,184 32,147 32,098 0.1 0.2 0.1 32,050 31,765 32,135 31,707 1.1

 Electrical equipment, appliances, 

 and components.................................... 44,281 44,011 43,845 0.6 0.4 0.3 43,796 43,893 43,955 42,942 2.0

 Electric lighting equipment..................... 3,932 3,860 3,890 1.9 -0.8 -0.3 3,861 3,823 3,901 3,379 14.3

 Household appliances........................... 5,245 5,184 4,921 1.2 5.3 5.1 5,256 5,037 4,799 4,125 27.4

 Electrical equipment............................. 22,475 22,328 22,387 0.7 -0.3 -0.7 22,129 22,446 22,595 22,990 -3.7

 Transportation equipment......................... 855,743 837,893 833,432 2.1 0.5 0.8 854,145 834,276 832,978 756,047 13.0

 Motor vehicle bodies, parts, 

 and trailers...................................... 35,335 35,207 35,148 0.4 0.2 -0.2 34,549 34,317 34,416 34,313 0.7

 Nondefense aircraft and parts................ 601,260 582,427 579,187 3.2 0.6 1.3 601,266 582,636 580,283 513,007 17.2

 Defense aircraft and parts..................... 73,411 73,016 71,904 0.5 1.5 0.2 73,060 71,936 71,354 67,006 9.0

 Ships and boats.................................. 56,181 56,470 56,210 -0.5 0.5 0.0 54,959 55,449 56,825 54,066 1.7

 Furniture and related products................... 10,574 10,625 10,714 -0.5 -0.8 -2.1 10,473 10,460 10,916 11,666 -10.2

p

 Preliminary 

r

 Revised data due to late receipts and concurrent seasonal adjustment. 

1

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

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

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

2

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

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

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

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

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

CBDRB-FY23-0265). 

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, September Full Report, November 2, 2023. Information on data sources and methodology can be found on our website at 

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

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

Seasonally Adjusted Not Seasonally Adjusted

Monthly Percent Change Monthly % Change

Industry September

Sep. Aug. July Aug. - July - June - Sep. Aug. July Sep. 2023/

2023p 2023r 2023 Sep. Aug. July 2023p 2023r 2023 2022 2022

 All manufacturing industries...................... 857,320 855,320 852,634 0.2 0.3 0.1 854,686 856,597 856,380 854,540 0.0

 Excluding transportation........................ 692,780 690,910 688,650 0.3 0.3 0.1 688,820 690,062 691,103 690,474 -0.2

 Excluding defense............................. 827,919 825,782 823,235 0.3 0.3 0.1 825,272 826,908 826,980 826,171 -0.1

 With unfilled orders............................. 423,343 423,053 422,303 0.1 0.2 -0.1 422,593 424,989 424,937 417,390 1.2

 Durable goods industries........................ 523,641 523,105 522,327 0.1 0.1 0.0 522,492 525,519 524,796 517,494 1.0

 Wood products........................................ 15,912 15,873 15,832 0.2 0.3 0.0 15,550 15,593 15,518 16,349 -4.9

 Nonmetallic mineral products..................... 17,291 17,268 17,196 0.1 0.4 0.5 17,089 17,164 17,268 16,349 4.5

 Primary metals......................................... 46,420 46,453 46,475 -0.1 0.0 -0.2 46,042 46,214 46,661 47,750 -3.6

 Iron and steel mills............................... 27,354 27,367 27,317 0.0 0.2 -0.1 27,188 27,113 27,470 28,260 -3.8

 Aluminum and nonferrous metals............ 15,822 15,924 16,030 -0.6 -0.7 -0.4 15,718 16,001 16,110 16,603 -5.3

 Ferrous metal foundries........................ 3,244 3,162 3,128 2.6 1.1 -0.8 3,136 3,100 3,081 2,887 8.6

 Fabricated metal products......................... 64,705 64,776 64,785 -0.1 0.0 -0.3 64,434 64,986 65,527 64,968 -0.8

 Machinery.............................................. 95,052 94,753 94,687 0.3 0.1 -0.1 94,704 94,644 94,256 90,072 5.1

 Farm machinery.................................. 5,607 5,651 5,766 -0.8 -2.0 0.0 5,357 5,480 5,609 5,859 -8.6

 Construction machinery......................... 9,678 9,608 9,470 0.7 1.5 0.1 9,598 9,480 9,368 8,531 12.5

 Mining, oil field, 

 and gas field machinery.................... 5,934 5,866 5,798 1.2 1.2 -1.2 5,937 5,872 5,799 5,346 11.1

 Industrial machinery............................. 11,376 11,298 11,181 0.7 1.0 -0.6 11,673 11,384 10,726 11,030 5.8

 Photographic equipment....................... 1,462 1,461 1,462 0.1 -0.1 -0.3 1,433 1,495 1,470 1,397 2.6

 Ventilation, heating, air-conditioning,

 and refrigeration equipment............... 9,627 9,617 9,688 0.1 -0.7 -0.2 9,247 9,438 9,633 8,328 11.0

 Metalworking machinery........................ 7,417 7,420 7,451 0.0 -0.4 0.3 7,404 7,482 7,562 7,267 1.9

 Turbines, generators, and other

 power transmission equipment............ 12,175 12,033 12,075 1.2 -0.3 1.6 12,104 12,003 12,308 11,230 7.8

 Material handling equipment.................. 7,969 7,978 7,927 -0.1 0.6 -0.9 8,063 8,077 7,912 7,504 7.4

 Computers and electronic products2............ 55,167 55,128 54,965 0.1 0.3 0.2 54,806 55,410 55,395 54,884 -0.1

 Computers......................................... 1,874 1,878 1,883 -0.2 -0.3 -2.1 1,976 1,973 1,924 2,239 -11.7

 Computer storage devices.................... 610 607 618 0.5 -1.8 -1.9 608 642 639 652 -6.7

 Other peripheral equipment................... 1,059 1,048 1,066 1.0 -1.7 0.7 1,041 1,058 1,043 1,005 3.6

 Nondefense communications

 equipment...................................... 4,409 4,379 4,368 0.7 0.3 -0.1 4,386 4,476 4,390 4,385 0.0

 Defense communications equipment........ 635 640 645 -0.8 -0.8 1.7 635 640 645 600 5.8

 Audio and video equipment.................... 732 741 780 -1.2 -5.0 0.0 738 720 749 889 -17.0

 Electronic components.......................... 10,539 10,684 10,646 -1.4 0.4 1.1 10,332 10,419 10,777 11,223 -7.9

 Nondefense search and navigation

 equipment...................................... 4,278 4,255 4,219 0.5 0.9 0.2 4,301 4,321 4,261 4,087 5.2

 Defense search and navigation

 equipment....................................... 3,352 3,345 3,337 0.2 0.2 -0.3 3,277 3,362 3,365 3,277 0.0

 Electromedical, measuring 

 and control instruments...................... 19,156 19,038 18,971 0.6 0.4 -0.2 19,034 19,336 19,206 18,598 2.3

 Electrical equipment, appliances, 

 and components.................................... 26,423 26,390 26,338 0.1 0.2 0.1 25,839 26,594 26,581 24,802 4.2

 Electric lighting equipment..................... 2,528 2,521 2,531 0.3 -0.4 0.0 2,520 2,524 2,524 2,542 -0.9

 Household appliances........................... 3,546 3,574 3,608 -0.8 -0.9 -0.8 3,520 3,727 3,734 3,575 -1.5

 Electrical equipment............................. 10,134 9,989 9,872 1.5 1.2 0.3 9,582 9,973 9,936 8,631 11.0

 Batteries............................................ 1,885 1,887 1,900 -0.1 -0.7 0.3 1,916 1,939 1,967 1,849 3.6

 Transportation equipment......................... 164,540 164,410 163,984 0.1 0.3 0.0 165,866 166,535 165,277 164,066 1.1

 Automobiles....................................... 5,884 5,859 5,936 0.4 -1.3 1.0 5,986 6,157 6,032 5,648 6.0

 Light trucks and utility vehicles.............. 9,353 9,216 9,175 1.5 0.4 -1.7 9,687 9,723 9,236 10,570 -8.4

 Heavy duty trucks ............................... 2,947 2,924 2,861 0.8 2.2 0.2 2,930 2,927 2,888 2,940 -0.3

 Motor vehicle bodies, parts, 

 and trailers...................................... 35,859 35,705 35,577 0.4 0.4 0.6 35,781 35,722 36,172 34,872 2.6

 Nondefense aircraft and parts................ 77,545 77,582 77,433 0.0 0.2 -0.2 78,429 78,544 77,803 78,279 0.2

 Defense aircraft and parts..................... 14,062 14,075 14,109 -0.1 -0.2 -0.5 14,064 14,124 14,136 13,758 2.2

 Ships and boats.................................. 4,642 4,702 4,671 -1.3 0.7 0.2 4,738 4,799 4,613 4,681 1.2

 Furniture and related products.................... 10,178 10,183 10,226 0.0 -0.4 -0.2 10,079 10,237 10,308 10,523 -4.2

 Miscellaneous durable goods..................... 27,953 27,871 27,839 0.3 0.1 0.2 28,083 28,142 28,005 27,731 1.3

 Nondurable goods industries...................... 333,679 332,215 330,307 0.4 0.6 0.3 332,194 331,078 331,584 337,046 -1.4

 Food products........................................ 71,009 71,019 70,999 0.0 0.0 -0.6 71,430 70,498 69,832 71,811 -0.5

 Grain and oilseed milling........................ 7,481 7,593 7,686 -1.5 -1.2 -0.5 7,302 7,370 7,560 7,707 -5.3

 Dairy products.................................... 10,702 10,783 10,792 -0.8 -0.1 -0.3 10,589 10,862 11,119 10,369 2.1

 Meat, poultry, and seafood products....... 13,261 13,183 13,190 0.6 -0.1 0.0 13,453 13,376 13,190 13,797 -2.5

 Beverage and tobacco products................ 30,930 31,003 31,034 -0.2 -0.1 -0.2 30,357 30,385 30,380 30,584 -0.7

 Beverages......................................... 27,213 27,354 27,382 -0.5 -0.1 -0.1 26,777 27,003 26,979 26,943 -0.6

 Tobacco............................................ 3,717 3,649 3,652 1.9 -0.1 -1.0 3,580 3,382 3,401 3,641 -1.7

 Textile mills............................................ 3,562 3,586 3,602 -0.7 -0.4 -0.6 3,567 3,616 3,649 3,735 -4.5

 Textile products...................................... 3,641 3,644 3,668 -0.1 -0.7 -0.8 3,656 3,642 3,651 3,985 -8.3

 Apparel................................................. 2,174 2,172 2,189 0.1 -0.8 0.0 2,235 2,260 2,278 2,328 -4.0

 Leather and allied products....................... 1,277 1,265 1,259 0.9 0.5 -0.9 1,280 1,282 1,284 1,338 -4.3

 Paper products....................................... 17,894 17,907 17,959 -0.1 -0.3 -0.9 17,905 18,032 18,217 18,559 -3.5

 Pulp, paper, and paperboard mills........... 5,598 5,576 5,580 0.4 -0.1 -1.4 5,541 5,577 5,630 5,620 -1.4

 Paperboard containers......................... 6,722 6,775 6,824 -0.8 -0.7 -0.7 6,751 6,849 6,932 6,968 -3.1

 Printing.................................................. 6,645 6,721 6,809 -1.1 -1.3 -1.3 6,797 6,803 6,736 7,380 -7.9

 Petroleum and coal products..................... 50,342 48,653 46,241 3.5 5.2 4.6 49,854 48,338 48,251 48,788 2.2

 Petroleum refineries............................. 43,750 41,966 39,445 4.3 6.4 5.5 43,401 41,686 41,368 42,022 3.3

 Chemical products..................................... 112,759 112,641 112,698 0.1 -0.1 -0.1 111,752 112,593 113,423 113,463 -1.5

 Pesticides, fertilizers, and other

 agricultural chemicals........................ 6,122 6,151 6,143 -0.5 0.1 -0.2 5,858 5,969 5,920 5,937 -1.3

 Pharmaceuticals and medicines.............. 48,132 47,798 47,759 0.7 0.1 0.4 47,611 47,368 48,059 46,037 3.4

 Paints, coatings, and adhesives.............. 5,592 5,668 5,716 -1.3 -0.8 -1.4 5,488 5,615 5,736 5,894 -6.9

 Plastics and rubber products..................... 33,446 33,604 33,849 -0.5 -0.7 -0.7 33,361 33,629 33,883 35,075 -4.9

p Preliminary 

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

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

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

parameters. Estimates are not adjusted for price changes. 

2

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

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

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

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

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, September Full Report, November 2, 2023. Information on data sources and methodology can be found on our website at 

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

 Topical Series1, 2

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

Seasonally Adjusted Not Seasonally Adjusted

Monthly Percent Change Monthly Year to date

Industry % Change6

Sep. Aug. July Aug. - July - June - Sep. Aug. July Sep. 2023/

2023p 2023r 2023 Sep. Aug. July 2023p 2023r 2023 2022 2023p 2022 2022

SHIPMENTS

 All manufacturing industries......................... 588,082 585,976 578,270 0.4 1.3 0.7 601,337 611,986 552,030 602,004 5,210,234 5,187,260 0.4

 Construction materials and supplies....... 62,708 62,672 62,435 0.1 0.4 0.1 64,437 68,768 62,801 65,090 567,472 568,444 -0.2

 Information technology......................... 24,687 24,754 24,719 -0.3 0.1 0.3 27,251 24,655 23,081 26,990 218,125 213,095 2.4

 Computers and related products........... 2,044 2,055 1,976 -0.5 4.0 -1.7 2,268 2,070 1,885 2,074 17,742 15,044 17.9

 Motor vehicle and parts......................... 62,540 63,270 63,147 -1.2 0.2 1.0 64,159 68,925 52,870 64,468 559,503 525,964 6.4

 Capital goods...................................... 96,627 96,893 95,688 -0.3 1.3 -1.2 103,540 96,556 87,035 98,551 852,545 796,388 7.1

 Nondefense capital goods3.................. 83,018 83,264 82,330 -0.3 1.1 -1.2 88,773 83,193 75,142 84,885 734,858 687,587 6.9

 Excluding aircraft............................. 74,272 74,380 73,835 -0.1 0.7 -0.3 77,633 75,491 69,108 76,709 663,958 640,068 3.7

 Defense capital goods4........................ 13,609 13,629 13,358 -0.1 2.0 -1.5 14,767 13,363 11,893 13,666 117,687 108,801 8.2

 Consumer goods.................................. 253,741 252,142 246,277 0.6 2.4 2.0 257,402 263,706 238,277 260,356 2,214,326 2,251,193 -1.6

 Consumer durable goods..................... 45,571 46,518 46,573 -2.0 -0.1 1.3 47,455 50,196 38,814 48,447 407,165 386,678 5.3

 Consumer nondurable goods................ 208,170 205,624 199,704 1.2 3.0 2.2 209,947 213,510 199,463 211,909 1,807,161 1,864,515 -3.1

 All manufacturing industries5...................... 601,522 585,403 579,414 2.8 1.0 -2.1 613,932 604,203 553,738 600,901 5,244,072 5,206,681 0.7

 Construction materials and supplies....... 63,086 62,652 62,187 0.7 0.7 -0.1 63,887 67,755 62,178 64,426 569,708 573,680 -0.7

 Information technology......................... 24,771 24,751 24,822 0.1 -0.3 -0.9 28,097 23,564 22,540 28,269 219,342 215,378 1.8

 Computers and related products........... 2,042 2,042 1,988 0.0 2.7 -1.7 2,266 2,057 1,897 2,061 17,741 15,021 18.1

 Motor vehicle and parts......................... 62,668 63,329 63,082 -1.0 0.4 0.7 64,391 68,826 52,686 63,903 559,111 524,372 6.6

 Capital goods...................................... 114,018 100,153 101,101 13.8 -0.9 -14.6 121,718 95,678 93,569 105,070 926,055 853,436 8.5

 Nondefense capital goods3.................. 101,772 85,849 88,653 18.5 -3.2 -16.7 106,274 83,615 85,024 89,424 803,744 745,320 7.8

 Excluding aircraft............................. 74,292 73,951 73,267 0.5 0.9 -0.4 76,763 73,585 68,342 76,367 662,832 650,625 1.9

 Defense capital goods4........................ 12,246 14,304 12,448 -14.4 14.9 3.3 15,444 12,063 8,545 15,646 122,311 108,116 13.1

 Consumer goods.................................. 253,849 252,413 246,355 0.6 2.5 2.1 257,802 263,801 238,448 260,619 2,214,912 2,250,690 -1.6

 Consumer durable goods..................... 45,679 46,789 46,651 -2.4 0.3 1.5 47,855 50,291 38,985 48,710 407,751 386,175 5.6

 Consumer nondurable goods.............. 208,170 205,624 199,704 1.2 3.0 2.2 209,947 213,510 199,463 211,909 1,807,161 1,864,515 -3.1

 All manufacturing industries5...................... 1,353,624 1,335,197 1,330,875 1.4 0.3 0.5 1,348,815 1,330,509 1,333,278 1,254,039 (X) (X) 7.6

 Construction materials and supplies....... 100,072 99,694 99,714 0.4 0.0 -0.2 99,983 100,533 101,546 100,488 (X) (X) -0.5

 Information technology......................... 134,739 134,655 134,658 0.1 0.0 0.1 134,327 133,481 134,572 132,824 (X) (X) 1.1

 Computers and related products........... 1,282 1,284 1,297 -0.2 -1.0 0.9 1,282 1,284 1,297 1,304 (X) (X) -1.7

 Motor vehicle and parts......................... 35,335 35,207 35,148 0.4 0.2 -0.2 34,549 34,317 34,416 34,313 (X) (X) 0.7

 Capital goods...................................... 1,009,383 991,992 988,732 1.8 0.3 0.6 1,007,396 989,218 990,096 916,077 (X) (X) 10.0

 Nondefense capital goods3.................. 799,169 780,415 777,830 2.4 0.3 0.8 797,530 780,029 779,607 713,438 (X) (X) 11.8

 Excluding aircraft............................. 271,500 271,480 271,909 0.0 -0.2 -0.2 269,554 270,424 272,330 273,235 (X) (X) -1.3

 Defense capital goods4........................ 210,214 211,577 210,902 -0.6 0.3 -0.4 209,866 209,189 210,489 202,639 (X) (X) 3.6

 Consumer goods.................................. 12,426 12,318 12,047 0.9 2.2 0.7 12,464 12,064 11,969 11,892 (X) (X) 4.8

 Consumer durable goods..................... 12,426 12,318 12,047 0.9 2.2 0.7 12,464 12,064 11,969 11,892 (X) (X) 4.8 

 All manufacturing industries....................... 857,320 855,320 852,634 0.2 0.3 0.1 854,686 856,597 856,380 854,540 (X) (X) 0.0

 Construction materials and supplies....... 92,862 92,846 92,809 0.0 0.0 -0.2 91,800 92,254 92,903 91,971 (X) (X) -0.2

 Information technology......................... 46,056 45,972 45,940 0.2 0.1 -0.1 45,876 46,610 46,267 45,487 (X) (X) 0.9

 Computers and related products........... 3,543 3,533 3,567 0.3 -1.0 -1.3 3,625 3,673 3,606 3,896 (X) (X) -7.0

 Motor vehicle and parts......................... 54,043 53,704 53,549 0.6 0.3 0.2 54,384 54,529 54,328 54,030 (X) (X) 0.7

 Capital goods...................................... 250,901 250,423 249,482 0.2 0.4 0.0 251,040 252,400 250,233 244,581 (X) (X) 2.6

 Nondefense capital goods3.................. 226,720 226,094 225,296 0.3 0.4 0.0 226,848 227,969 226,073 221,268 (X) (X) 2.5

 Excluding aircraft............................. 163,145 162,508 161,958 0.4 0.3 0.0 162,452 163,368 162,294 156,483 (X) (X) 3.8

 Defense capital goods4........................ 24,181 24,329 24,186 -0.6 0.6 -0.1 24,192 24,431 24,160 23,313 (X) (X) 3.8

 Consumer goods.................................. 257,284 255,215 253,067 0.8 0.8 0.6 256,836 254,737 254,021 257,400 (X) (X) -0.2

 Consumer durable goods..................... 41,939 41,839 42,086 0.2 -0.6 -0.4 42,420 43,020 42,348 44,053 (X) (X) -3.7

 Consumer nondurable goods................ 215,345 213,376 210,981 0.9 1.1 0.7 214,416 211,717 211,673 213,347 (X) (X) 0.5

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

are not adjusted for price changes. 

2 Topical series are regroupings of the separate industry categories. 

3

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

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

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

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

4

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

5 Estimates and percent changes exclude semiconductor industry data. 

6

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

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

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

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

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, September Full Report, November 2, 2023. Information on data sources and methodology can be found on our website at 

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

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

Seasonally Adjusted Not Seasonally Adjusted

Monthly Percent Change Monthly % Change

Industry September

Sep. Aug. July Aug. - July - June - Sep. Aug. July Sep. 2023/

2023p 2023r 2023 Sep. Aug. July 2023p 2023r 2023 2022 2022

MATERIALS AND SUPPLIES

 All manufacturing industries....................... 315,855 315,036 315,174 0.3 0.0 0.1 314,731 315,002 316,992 317,631 -0.9

 Durable goods industries.......................... 197,358 197,137 197,620 0.1 -0.2 0.1 197,308 197,836 199,185 194,982 1.2

 Wood products................................... 7,562 7,560 7,593 0.0 -0.4 -0.5 7,516 7,520 7,472 7,831 -4.0

 Nonmetallic mineral products................. 7,718 7,743 7,715 -0.3 0.4 0.1 7,687 7,735 7,732 7,430 3.5

 Primary metals.................................... 18,902 18,754 18,798 0.8 -0.2 -1.5 18,824 18,614 18,908 19,475 -3.3

 Fabricated metal products.......................... 24,242 24,287 24,370 -0.2 -0.3 -0.6 24,441 24,435 24,642 25,842 -5.4

 Machinery.......................................... 40,534 40,707 40,806 -0.4 -0.2 1.0 40,428 40,838 40,970 38,968 3.7

 Computers and electronic products........ 27,025 26,789 26,690 0.9 0.4 0.2 27,032 27,059 26,960 25,921 4.3

 Electrical equipment, appliances,

 and components............................... 12,913 12,773 12,673 1.1 0.8 0.1 12,612 12,837 12,835 11,789 7.0

 Transportation equipment..................... 43,394 43,512 43,937 -0.3 -1.0 0.3 43,751 43,695 44,509 42,904 2.0

 Furniture and related products............... 5,256 5,247 5,245 0.2 0.0 -0.4 5,133 5,247 5,268 5,198 -1.3

 Miscellaneous products......................... 9,812 9,765 9,793 0.5 -0.3 0.0 9,884 9,856 9,889 9,624 2.7

 Nondurable goods industries...................... 118,497 117,899 117,554 0.5 0.3 0.1 117,423 117,166 117,807 122,649 -4.3

 Food products.................................... 26,017 25,999 25,984 0.1 0.1 -0.4 25,828 25,608 25,777 26,652 -3.1

 Beverage and tobacco products........................ 6,439 6,477 6,429 -0.6 0.7 -1.0 6,260 6,158 6,112 6,150 1.8

 Textiles.............................................. 1,479 1,467 1,458 0.8 0.6 -0.3 1,476 1,476 1,476 1,478 -0.1

 Textile products................................... 1,693 1,698 1,709 -0.3 -0.6 0.8 1,699 1,702 1,707 1,770 -4.0

 Apparel............................................. 571 566 565 0.9 0.2 -0.2 577 578 582 658 -12.3

 Leather and allied products.................... 385 385 384 0.0 0.3 1.1 385 391 396 416 -7.5

 Paper products.................................... 9,259 9,294 9,374 -0.4 -0.9 -1.8 9,308 9,386 9,493 9,856 -5.6

 Printing ............................................. 3,456 3,479 3,506 -0.7 -0.8 -1.9 3,543 3,498 3,480 3,871 -8.5

 Petroleum and coal products................. 15,163 14,083 13,339 7.7 5.6 4.4 14,754 13,851 13,855 15,758 -6.4

 Chemical products................................ 39,485 39,849 39,825 -0.9 0.1 0.2 38,996 39,751 39,897 39,910 -2.3

 Plastics and rubber products.................. 14,550 14,602 14,981 -0.4 -2.5 -0.6 14,597 14,767 15,032 16,130 -9.5

WORK IN PROCESS

 All manufacturing industries....................... 242,250 242,220 239,981 0.0 0.9 0.4 241,181 242,825 241,276 239,664 0.6

 Durable goods industries.......................... 177,939 177,494 176,706 0.3 0.4 0.0 178,323 178,819 177,378 179,095 -0.4

 Wood products................................... 1,804 1,787 1,811 1.0 -1.3 0.0 1,774 1,765 1,793 2,094 -15.3

 Nonmetallic mineral products................. 1,772 1,764 1,742 0.5 1.3 2.2 1,730 1,746 1,746 1,563 10.7

 Primary metals.................................... 12,273 12,284 12,334 -0.1 -0.4 0.6 12,264 12,470 12,394 13,550 -9.5

 Fabricated metal products.......................... 17,326 17,160 17,006 1.0 0.9 0.3 17,244 17,196 17,151 16,146 6.8

 Machinery.......................................... 24,269 24,071 24,110 0.8 -0.2 -0.9 24,434 24,225 23,897 23,993 1.8

 Computers and electronic products........ 13,734 13,887 13,801 -1.1 0.6 1.8 13,460 13,665 13,757 14,322 -6.0

 Electrical equipment, appliances,

 and components............................... 4,636 4,687 4,642 -1.1 1.0 0.5 4,536 4,729 4,706 4,487 1.1

 Transportation equipment..................... 95,936 95,635 95,015 0.3 0.7 -0.3 96,661 96,715 95,651 96,678 0.0

 Furniture and related products............... 1,398 1,435 1,488 -2.6 -3.6 -0.9 1,400 1,438 1,477 1,520 -7.9

 Miscellaneous products......................... 4,791 4,784 4,757 0.1 0.6 -0.1 4,820 4,870 4,806 4,742 1.6

 Nondurable goods industries...................... 64,311 64,726 63,275 -0.6 2.3 1.6 62,858 64,006 63,898 60,569 3.8

 Food products.................................... 7,179 7,454 7,601 -3.7 -1.9 -1.0 6,682 6,972 7,106 7,118 -6.1

 Beverage and tobacco products........................ 11,285 11,285 11,284 0.0 0.0 0.8 11,090 10,926 10,926 10,580 4.8

 Textiles.............................................. 562 570 575 -1.4 -0.9 -0.5 569 577 584 628 -9.4

 Textile products................................... 464 457 455 1.5 0.4 -3.6 473 459 452 506 -6.5

 Apparel............................................. 301 294 296 2.4 -0.7 2.8 311 304 307 285 9.1

 Leather and allied products.................... 143 135 138 5.9 -2.2 -1.4 141 137 142 129 9.3

 Paper products.................................... 1,781 1,762 1,778 1.1 -0.9 10.7 1,765 1,791 1,823 1,636 7.9

 Printing ............................................. 1,153 1,166 1,166 -1.1 0.0 -0.4 1,206 1,206 1,152 1,330 -9.3

 Petroleum and coal products................. 18,117 17,887 16,481 1.3 8.5 4.9 17,979 17,845 17,255 16,112 11.6

 Chemical products................................ 19,485 19,633 19,630 -0.8 0.0 0.1 18,785 19,706 20,300 18,380 2.2

 Plastics and rubber products.................. 3,841 4,083 3,871 -5.9 5.5 0.8 3,857 4,083 3,851 3,865 -0.2

FINISHED GOODS

 All manufacturing industries....................... 299,215 298,064 297,479 0.4 0.2 -0.2 298,774 298,770 298,112 297,245 0.5

 Durable goods industries.......................... 148,344 148,474 148,001 -0.1 0.3 -0.2 146,861 148,864 148,233 143,417 2.4

 Wood products................................... 6,546 6,526 6,428 0.3 1.5 0.6 6,260 6,308 6,253 6,424 -2.6

 Nonmetallic mineral products................. 7,801 7,761 7,739 0.5 0.3 0.5 7,672 7,683 7,790 7,356 4.3

 Primary metals.................................... 15,245 15,415 15,343 -1.1 0.5 0.6 14,954 15,130 15,359 14,725 1.6

 Fabricated metal products.......................... 23,137 23,329 23,409 -0.8 -0.3 -0.3 22,749 23,355 23,734 22,980 -1.0

 Machinery.......................................... 30,249 29,975 29,771 0.9 0.7 -0.8 29,842 29,581 29,389 27,111 10.1

 Computers and electronic products........ 14,408 14,452 14,474 -0.3 -0.2 -1.4 14,314 14,686 14,678 14,641 -2.2

 Electrical equipment, appliances,

 and components............................... 8,874 8,930 9,023 -0.6 -1.0 0.0 8,691 9,028 9,040 8,526 1.9

 Transportation equipment..................... 25,210 25,263 25,032 -0.2 0.9 0.1 25,454 26,125 25,117 24,484 4.0

 Furniture and related products............... 3,524 3,501 3,493 0.7 0.2 0.5 3,546 3,552 3,563 3,805 -6.8

 Miscellaneous products......................... 13,350 13,322 13,289 0.2 0.2 0.5 13,379 13,416 13,310 13,365 0.1

 Nondurable goods industries...................... 150,871 149,590 149,478 0.9 0.1 -0.2 151,913 149,906 149,879 153,828 -1.2

 Food products.................................... 37,813 37,566 37,414 0.7 0.4 -0.6 38,920 37,918 36,949 38,041 2.3

 Beverage and tobacco products........................ 13,206 13,241 13,321 -0.3 -0.6 -0.7 13,007 13,301 13,342 13,854 -6.1

 Textiles.............................................. 1,521 1,549 1,569 -1.8 -1.3 -0.9 1,522 1,563 1,589 1,629 -6.6

 Textile products................................... 1,484 1,489 1,504 -0.3 -1.0 -1.7 1,484 1,481 1,492 1,709 -13.2

 Apparel............................................. 1,302 1,312 1,328 -0.8 -1.2 -0.6 1,347 1,378 1,389 1,385 -2.7

 Leather and allied products.................... 749 745 737 0.5 1.1 -1.9 754 754 746 793 -4.9

 Paper products.................................... 6,854 6,851 6,807 0.0 0.6 -2.4 6,832 6,855 6,901 7,067 -3.3

 Printing ............................................. 2,036 2,076 2,137 -1.9 -2.9 -0.9 2,048 2,099 2,104 2,179 -6.0

 Petroleum and coal products................. 17,062 16,683 16,421 2.3 1.6 4.5 17,121 16,642 17,141 16,918 1.2

 Chemical products................................ 53,789 53,159 53,243 1.2 -0.2 -0.4 53,971 53,136 53,226 55,173 -2.2

 Plastics and rubber products.................. 15,055 14,919 14,997 0.9 -0.5 -1.1 14,907 14,779 15,000 15,080 -1.1

p

 Preliminary 

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

1

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

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

model parameters. Estimates are not adjusted for price changes. 

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

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

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

0265). 

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, September Full Report, November 2, 2023. Information on data sources and methodology can be found on our website at 

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

 to Shipments, by Industry Group 1

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

Inventory/Shipments ratio Unfilled Orders/Shipments ratio2

Industry Sep Aug Jul Jun Sep Aug Jul Jun

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

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

Durable goods industries3........................................ 1.85 1.84 1.84 1.84 6.88 6.78 6.80 6.74

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

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

 Primary metals............................................................ 1.76 1.75 1.75 1.74 1.45 1.44 1.43 1.41

 Fabricated metal products...................................... 1.79 1.81 1.81 1.82 3.67 3.70 3.70 3.70

 Machinery..................................................................... 2.49 2.47 2.50 2.51 4.02 3.99 4.04 4.06

 Computers and electronic products3................... 1.87 1.88 1.87 1.88 5.95 5.98 6.02 6.02

 Electrical equipment, appliances,

 and components.................................................... 1.86 1.86 1.88 1.87 3.44 3.42 3.47 3.44

 Transportation equipment..................................... 1.80 1.78 1.79 1.78 14.73 14.37 14.45 14.14

 Furniture and related products............................ 1.50 1.52 1.52 1.49 1.79 1.81 1.80 1.84

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

Nondurable goods industries................................... 1.10 1.10 1.12 1.13 (X) (X) (X) (X)

 Food products............................................................. 0.89 0.89 0.89 0.90 (X) (X) (X) (X)

 Beverage and tobacco products........................... 1.70 1.73 1.74 1.75 (X) (X) (X) (X)

 Textiles.......................................................................... 1.68 1.71 1.72 1.73 (X) (X) (X) (X)

 Textile products......................................................... 1.85 1.83 1.86 1.86 (X) (X) (X) (X)

 Apparel........................................................................ 2.60 2.55 2.56 2.66 (X) (X) (X) (X)

 Leather and allied products................................ 2.72 2.67 2.64 2.66 (X) (X) (X) (X)

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

 Printing........................................................................ 0.91 0.92 0.93 0.94 (X) (X) (X) (X)

 Petroleum and coal products............................... 0.68 0.68 0.70 0.72 (X) (X) (X) (X)

 Chemical products................................................... 1.45 1.45 1.45 1.46 (X) (X) (X) (X)

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

Sep3 Sep3 Sep3 Sep3

Industry 2022- 2022- 2022- 2022-

Sep2 Aug Sep2 Aug Sep2 Aug Sep2 Aug

2023 2023 2023 2023 2023 2023 2023 2023

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

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

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

 Nonmetallic mineral products.............. (X) 0.4 (X) (NA) (X) (NA) (X) 0.2

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

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

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

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

 Electrical equipment, appliances,

 and components..................................... -0.1 0.3 0.1 0.7 0.1 0.2 0.0 0.2

 Transportation equipment.................... -0.1 0.3 0.0 1.1 0.0 0.1 0.0 0.1

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

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

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

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

 Beverage and tobacco products............ (X) 0.3 (X) (NA) (X) (NA) (X) 0.2

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

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

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

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

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

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

 Petroleum and coal products............... (X) 1.4 (X) (NA) (X) (NA) (X) 0.5

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

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

X Not Applicable 

p

 Preliminary 

r

 Revised data due to late receipts and concurrent seasonal adjustment. 

2

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

other miscellaneous manufacturing; cutlery and handtools; farm and garden machinery; computer storage and peripheral devices; audio and video 

equipment; manufacturing and reproducing magnetic and optical media; batteries; automobiles; light trucks and utility vehicles; heavy duty trucks; and 

miscellaneous furniture. 

3

 Unfilled orders to shipments ratio excludes semiconductor manufacturing. 

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

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

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

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

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

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

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, September Full Report, November 2, 2023. Information on 

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

X Not Applicable 

NA Not Available 

1

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

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

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

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

2

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

3

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

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

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

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

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

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

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

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

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

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, September Full Report, November 2, 2023. 

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

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

Table 8. Revisions to Previously Published Monthly Percent Changes 1

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

Shipments New Orders Unfilled Orders Inventories