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FOR RELEASE AT 8:30 AM EDT, WEDNESDAY, AUGUST 25, 2021

MONTHLY ADVANCE REPORT ON DURABLE GOODS MANUFACTURERS’ SHIPMENTS, 

INVENTORIES AND ORDERS JULY 2021

Release Number: CB 21-127 M3-1 (21)-07

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

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

information, see < M3 COVID-19 FAQs>.

AUGUST 25, 2021 — The U.S. Census Bureau announces the July advance report on durable goods 

manufacturers’ shipments, inventories and orders:

New Orders

New orders for manufactured durable goods in July decreased $0.4 billion or 0.1 percent to $257.2 billion, 

the U.S. Census Bureau announced today. This decrease, down following two consecutive monthly 

increases, followed a 0.8 percent June increase. Excluding transportation, new orders increased 0.7

percent. Excluding defense, new orders decreased 1.2 percent. Transportation equipment, also down 

following two consecutive monthly increases, drove the decrease, $1.7 billion or 2.2 percent to $75.3

billion.

DURABLE GOODS – NEW ORDERS

JULY 2021 $257.2 billion -0.1%°

JUNE 2021

(revised) $257.6 billion +0.8%°

Next release: September 27, 2021

Data adjusted for seasonal variation but not for price changes.

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

Inventories, and Orders estimates are not based on a probability sample, so the sampling 

error of these estimates cannot be measured nor can the confidence intervals be computed.

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories and Orders, August 25, 

2021.

-2.0%

-1.0%

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%

7.0%

8.0%

9.0%

10.0%

11.0%

12.0%

13.0%

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

DURABLE GOODS NEW ORDERS 2020-2021

Seasonally Adjusted, Month-To-Month Percentage Change

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders, August 25, 2021.
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Shipments

Shipments of manufactured durable goods in July, up four of the last five months, increased $5.6 billion or

2.2 percent to $257.8 billion. This followed a 1.6 percent June increase. Transportation equipment, up

two consecutive months, led the increase, $3.4 billion or 4.6 percent to $75.9 billion.

Unfilled Orders

Unfilled orders for manufactured durable goods in July, up six consecutive months, increased $3.9 billion 

or 0.3 percent to $1,225.4 billion. This followed a 0.8 percent June increase. Machinery, up sixteen 

consecutive months, led the increase, $2.3 billion or 2.1 percent to $109.2 billion.

Inventories

Inventories of manufactured durable goods in July, up six consecutive months, increased $2.7 billion or 0.6

percent to $453.6 billion. This followed a 0.9 percent June increase. Primary metals, up twelve

consecutive months, led the increase, $0.8 billion or 1.9 percent to $40.0 billion. 

Capital Goods

Nondefense new orders for capital goods in July decreased $7.0 billion or 8.0 percent to $80.6 billion. 

Shipments increased $0.3 billion or 0.4 percent to $79.4 billion. Unfilled orders increased $1.2 billion or 

0.2 percent to $742.2 billion. Inventories increased $0.5 billion or 0.2 percent to $200.1 billion. Defense 

new orders for capital goods in July increased $2.1 billion or 20.5 percent to $12.5 billion. Shipments

increased $0.7 billion or 5.8 percent to $12.6 billion. Unfilled orders decreased $0.2 billion or 0.1 percent 

to $188.7 billion. Inventories increased $0.2 billion or 1.2 percent to $20.9 billion.

Revised June Data

Revised seasonally adjusted June figures for all manufacturing industries were: new orders, $505.9 billion 

(revised from $506.0 billion); shipments, $500.5 billion (revised from $499.0 billion); unfilled orders, 

$1,221.5 billion (revised from $1,223.1 billion) and total inventories, $740.7 billion (unchanged).

Revised and more detailed estimates, plus nondurable goods data, will be published on September 2,

2021, at 10:00 a.m. EDT. The Advance Report on durable goods for August is scheduled for release on

September 27, 2021 at 8:30 a.m. EDT. View the full schedule in the Economic Briefing Room:

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

<www.census.gov/m3>.

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

exclude data for semiconductor manufacturing. 

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

decrease.

Description of the survey

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

panel differ from the results that would be obtained from a complete enumeration of all manufacturing 

companies. The M3 panel is not based on a probability sample; therefore, the sampling errors that are 

normally provided with sample surveys cannot be measured. Nonsampling errors are attributable to many 

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

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

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

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

revisions made later than two months will be reflected in the annual benchmark publication. Additional 
Data Inquiries Media Inquiries

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survey documentation can be found on our web site: 

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

RESOURCES

API

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

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

before.

<www.census.gov/developers/>

FRED Mobile App

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

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

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

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

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

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

Seasonally Adjusted Not Seasonally Adjusted

Monthly Percent Change Monthly Year to Date

Item           Percent

Jul Jun May Jun ‐ May ‐  Apr ‐ Jul Jun Jul Change

2021 2 2021 r 2021 Jul 2 Jun r May 2021 2 2021 r 2020 2021 2020 2021/2020

DURABLE GOODS

   Total:               

               Shipments................................ 257,771 252,194 248,281 2.2 1.6 0.4 242,462 270,686 221,039 1,724,774 1,504,500 14.6

               New Orders4

.............................. 257,207 257,571 255,529 ‐0.1 0.8 3.2 239,924 276,361 205,655 1,749,696 1,396,038 25.3

         Excluding transportation:

               Shipments................................ 181,843 179,619 177,455 1.2 1.2 0.8 176,469 192,492 155,842 1,221,665 1,072,672 13.9

               New Orders4

.............................. 181,927 180,632 179,640 0.7 0.6 0.6 174,857 192,393 151,753 1,237,657 1,051,977 17.7

         Excluding defense:

               Shipments................................ 243,206 238,361 234,537 2.0 1.6 0.6 229,235 256,174 209,411 1,630,870 1,416,507 15.1

               New Orders4

.............................. 242,982 245,877 243,568 ‐1.2 0.9 2.8 229,163 262,347 195,051 1,657,995 1,303,120 27.2

    Manufacturing with unfilled orders:

               Shipments................................ 180,393 177,042 174,079 1.9 1.7 ‐0.2 169,650 191,245 148,838 1,202,591 1,071,716 12.2

               New Orders.............................. 184,279 186,903 185,820 ‐1.4 0.6 3.8 171,586 201,155 137,634 1,256,587 990,185 26.9

    Primary metals:

               Shipments................................ 23,989 23,229 22,403 3.3 3.7 2.5 23,240 24,172 17,536 155,780 127,262 22.4

               New Orders.............................. 24,667 24,014 23,829 2.7 0.8 3.0 23,600 24,607 17,606 161,901 126,810 27.7

    Fabricated metal products:

               Shipments................................ 34,685 33,829 33,382 2.5 1.3 0.2 33,785 35,949 29,437 232,049 204,379 13.5

               New Orders.............................. 35,521 35,416 35,863 0.3 ‐1.2 ‐2.0 34,314 37,727 29,969 250,273 205,232 21.9

    Machinery:

               Shipments................................ 36,108 35,680 35,213 1.2 1.3 1.5 34,643 38,861 30,162 244,067 215,046 13.5

               New Orders.............................. 38,400 37,333 36,616 2.9 2.0 0.6 36,967 39,541 30,366 256,076 217,402 17.8

    Computers and electronic products 4

:

               Shipments................................ 28,960 28,853 28,903 0.4 ‐0.2 ‐0.6 26,991 30,902 25,839 193,906 180,385 7.5

               New Orders.............................. 24,866 24,962 24,777 ‐0.4 0.7 0.0 22,327 27,227 21,130 167,286 154,871 8.0

         Computers and related products:

               Shipments................................ 2,033 1,994 2,043 2.0 ‐2.4 ‐0.8 1,823 2,326 1,590 13,238 11,638 13.7

               New Orders.............................. 2,054 1,988 2,015 3.3 ‐1.3 ‐1.3 1,844 2,320 1,581 13,216 11,515 14.8

         Communications equipment:

               Shipments................................ 3,459 3,451 3,416 0.2 1.0 1.0 2,951 4,171 2,916 22,841 20,547 11.2

               New Orders.............................. 3,636 3,808 3,587 ‐4.5 6.2 4.0 3,102 4,443 2,965 23,846 20,752 14.9

    Electrical equipment, appliances,    

       and components:                   

               Shipments................................ 12,639 12,455 12,279 1.5 1.4 0.3 12,264 13,470 10,622 84,337 74,423 13.3

               New Orders.............................. 12,776 13,011 12,959 ‐1.8 0.4 3.0 12,074 14,051 10,790 88,145 75,682 16.5

    Transportation equipment:    

               Shipments................................ 75,928 72,575 70,826 4.6 2.5 ‐0.7 65,993 78,194 65,197 503,109 431,828 16.5

               New Orders.............................. 75,280 76,939 75,889 ‐2.2 1.4 10.0 65,067 83,968 53,902 512,039 344,061 48.8

         Motor vehicles and parts:

               Shipments................................ 53,238 50,265 49,614 5.9 1.3 2.1 46,357 52,427 50,067 357,233 295,951 20.7

               New Orders.............................. 53,835 50,879 49,965 5.8 1.8 1.9 46,523 52,304 49,710 359,284 295,558 21.6

         Nondefense aircraft and parts 5

:

               Shipments................................ 8,133 8,558 7,519 ‐5.0 13.8 ‐13.2 6,682 11,120 3,903 51,904 48,418 7.2

               New Orders.............................. 7,374 14,417 13,772 ‐48.9 4.7 50.7 7,898 17,709 ‐6,017 61,230 ‐44,043 (NA)

         Defense aircraft and parts:

               Shipments................................ 4,507 4,303 4,423 4.7 ‐2.7 ‐3.0 4,172 4,726 4,327 30,356 31,546 ‐3.8

               New Orders.............................. 3,774 3,592 3,193 5.1 12.5 ‐10.1 3,012 3,879 4,623 27,646 31,641 ‐12.6

    All other durable goods:           

               Shipments................................ 45,462 45,573 45,275 ‐0.2 0.7 0.9 45,546 49,138 42,246 311,526 271,177 14.9

               New Orders.............................. 45,697 45,896 45,596 ‐0.4 0.7 1.0 45,575 49,240 41,892 313,976 271,980 15.4

    Capital goods3

:

               Shipments................................ 92,044 91,050 89,521 1.1 1.7 ‐1.0 85,257 100,077 73,854 613,597 540,520 13.5

               New Orders.............................. 93,056 97,949 96,740 ‐5.0 1.2 6.9 85,638 108,317 63,603 641,092 460,085 39.3

           Nondefense capital goods:

               Shipments................................ 79,409 79,108 77,710 0.4 1.8 ‐0.6 73,840 87,651 64,062 532,621 465,998 14.3

               New Orders.............................. 80,595 87,610 86,253 ‐8.0 1.6 6.0 76,473 95,953 54,443 560,090 378,672 47.9

                Excluding aircraft:

                    Shipments........................... 74,484 73,731 73,260 1.0 0.6 1.0 70,234 79,990 62,592 501,678 440,044 14.0

                    New Orders.......................... 76,534 76,496 75,742 0.0 1.0 0.6 71,569 81,702 62,420 519,461 446,107 16.4

           Defense capital goods:

               Shipments................................ 12,635 11,942 11,811 5.8 1.1 ‐3.7 11,417 12,426 9,792 80,976 74,522 8.7

               New Orders.............................. 12,461 10,339 10,487 20.5 ‐1.4 15.2 9,165 12,364 9,160 81,002 81,413 ‐0.5

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

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

shipments and new orders include adjusted data for non‐calendar reporters. Seasonally adjusted estimates include concurrent adjustments for holiday and trading‐day differences, where appropriate,  

as well as seasonal variation, based on the results of the latest annual review of the model parameters. Estimates are not adjusted for price changes.         2 Based on advance sample. Estimates of manufacturers' shipments, inventories, and orders are subject to survey error and revision. One major component of survey error is nonsampling error, which includes errors of coverage, response and

nonreporting. Since the survey panel is not a probability sample, estimates of sampling error cannot be calculated. For further details on survey design, methodology, and data limitations, see http://www.census.gov/manufacturing/m3.      3 The Capital Goods Industries include Nondefense : small arms and ordnance; farm machinery and equipment; construction machinery; mining, oil, and gas field machinery; industrial machinery; vending, laundry, and other machinery; photographic

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

peripheral equipment; communications equipment; search and navigation equipment; electromedical, measuring, and  control instruments; electrical equipment; other electrical equipment, appliances, and components; heavy duty trucks; aircraft;

railroad rolling stock; ships and boats; office and institutional furniture; and medical equipment and supplies. Defense Capital Goods include : small arms and ordnance, communications equipment, aircraft; missiles, space vehicles, and parts, ships and

boats, and search and navigation equipment.    4 Estimates and percent changes of shipments and inventories for the semiconductor industry are included in computers and electronic products, and all other applicable aggregate totals.  Estimates and percent changes for new orders and unfilled

orders exclude semiconductor industry data.   5 (NA) ‐ New Orders year‐to‐date percent change is not provided for Nondefense aircraft and parts because the denominator has a negative value.  

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, July Advance Report, August 25, 2021. Information on data sources and methodology can be found on our website at

<www.census.gov/manufacturing/m3/how_the_data_are_collected/index.html>.  
Table 2.  Durable Goods Manufacturers' Unfilled Orders and Total Inventories 1

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

Seasonally Adjusted Not Seasonally Adjusted

Monthly Percent Change Monthly Percent

Item           Change

Jul Jun May Jun ‐ May ‐ Apr ‐ Jul Jun Jul 2021/

2021 2 2021 r 2021 Jul 2 Jun r May 2021 2 2021 r 2020 2020

DURABLE GOODS

   Total:                   

               Unfilled Orders 4......................... 1,225,369 1,221,483 1,211,622 0.3 0.8 1.0 1,228,607 1,226,671 1,201,335 2.3

               Total Inventories....................... 453,639 450,981 446,745 0.6 0.9 1.0 457,330 450,542 430,745 6.2

         Excluding transportation:

               Unfilled Orders 4......................... 413,523 408,989 403,492 1.1 1.4 1.7 415,791 412,929 363,426 14.4

               Total Inventories....................... 301,873 299,500 296,545 0.8 1.0 1.2 304,212 300,233 283,800 7.2

         Excluding defense:

               Unfilled Orders 4

........................... 1,012,032 1,007,806 995,806 0.4 1.2 1.4 1,014,259 1,009,857 979,904 3.5

               Total Inventories....................... 429,047 426,621 422,213 0.6 1.0 1.0 432,691 426,093 406,681 6.4

    Manufacturing with unfilled orders:

               Unfilled Orders......................... 1,225,369 1,221,483 1,211,622 0.3 0.8 1.0 1,228,607 1,226,671 1,201,335 2.3

               Total Inventories....................... 366,241 364,079 360,641 0.6 1.0 0.9 369,420 364,393 350,410 5.4

    Primary metals:

               Unfilled Orders......................... 40,976 40,298 39,513 1.7 2.0 3.7 40,828 40,468 31,384 30.1

               Total Inventories....................... 40,048 39,294 38,626 1.9 1.7 2.7 40,279 39,180 33,563 20.0

    Fabricated metal products:

               Unfilled Orders......................... 100,991 100,155 98,568 0.8 1.6 2.6 102,585 102,056 82,456 24.4

               Total Inventories....................... 58,277 57,679 56,952 1.0 1.3 1.6 59,051 58,032 53,320 10.7

    Machinery:     

               Unfilled Orders......................... 109,197 106,905 105,252 2.1 1.6 1.4 109,445 107,121 96,099 13.9

               Total Inventories....................... 72,943 72,499 72,054 0.6 0.6 1.2 73,258 72,852 70,124 4.5

    Computers and electronic products4

:

               Unfilled Orders......................... 120,101 119,745 119,152 0.3 0.5 0.3 120,193 120,383 116,927 2.8

               Total Inventories....................... 46,887 46,849 46,509 0.1 0.7 0.2 47,480 46,936 47,516 ‐0.1

         Computers and related products:

               Unfilled Orders......................... 1,523 1,502 1,508 1.4 ‐0.4 ‐1.8 1,523 1,502 1,464 4.0

               Total Inventories....................... 3,677 3,680 3,676 ‐0.1 0.1 ‐1.2 3,830 3,730 3,564 7.5

         Communications equipment:

               Unfilled Orders......................... 19,468 19,291 18,934 0.9 1.9 0.9 19,487 19,336 18,119 7.6

               Total Inventories....................... 5,175 5,149 5,091 0.5 1.1 0.6 5,193 5,123 5,120 1.4

    Electrical equipment, appliances,    

        and components:                   

               Unfilled Orders......................... 30,192 30,055 29,499 0.5 1.9 2.4 30,412 30,602 25,908 17.4

               Total Inventories....................... 20,671 20,529 20,405 0.7 0.6 1.2 21,088 20,742 20,112 4.9

    Transportation equipment:    

               Unfilled Orders......................... 811,846 812,494 808,130 ‐0.1 0.5 0.6 812,816 813,742 837,909 ‐3.0

               Total Inventories....................... 151,766 151,481 150,200 0.2 0.9 0.5 153,118 150,309 146,945 4.2

         Motor vehicles and parts:

               Unfilled Orders......................... 27,754 27,157 26,543 2.2 2.3 1.3 26,898 26,732 23,155 16.2

               Total Inventories....................... 47,626 47,264 46,404 0.8 1.9 1.5 48,636 46,619 40,996 18.6

         Nondefense Aircraft and parts:

               Unfilled Orders......................... 587,149 587,908 582,049 ‐0.1 1.0 1.1 588,086 586,870 609,031 ‐3.4

               Total Inventories....................... 76,408 76,756 76,259 ‐0.5 0.7 0.0 76,528 76,322 79,418 ‐3.6

         Defense Aircraft and parts:       

               Unfilled Orders......................... 81,418 82,151 82,862 ‐0.9 ‐0.9 ‐1.5 81,271 82,431 88,507 ‐8.2

               Total Inventories....................... 12,386 12,354 12,353 0.3 0.0 0.3 12,423 12,346 12,201 1.8

    All other durable goods:           

               Unfilled Orders......................... 12,066 11,831 11,508 2.0 2.8 2.9 12,328 12,299 10,652 15.7

               Total Inventories....................... 63,047 62,650 61,999 0.6 1.1 0.8 63,056 62,491 59,165 6.6

    Capital goods3

:

               Unfilled Orders......................... 930,927 929,915 923,016 0.1 0.7 0.8 933,948 933,567 936,815 ‐0.3

               Total Inventories....................... 220,985 220,267 218,878 0.3 0.6 0.6 222,804 220,894 218,602 1.9

           Nondefense capital goods:

               Unfilled Orders......................... 742,216 741,030 732,528 0.2 1.2 1.2 744,194 741,561 744,073 0.0

               Total Inventories....................... 200,108 199,629 198,048 0.2 0.8 0.7 201,917 200,159 198,282 1.8

                Excluding aircraft:               

                    Unfilled Orders.................... 230,899 228,849 226,084 0.9 1.2 1.1 231,693 230,358 212,145 9.2

                    Total Inventories................... 134,006 133,287 132,562 0.5 0.5 1.0 135,518 134,073 129,734 4.5

           Defense capital goods:

               Unfilled Orders......................... 188,711 188,885 190,488 ‐0.1 ‐0.8 ‐0.7 189,754 192,006 192,742 ‐1.6

               Total Inventories....................... 20,877 20,638 20,830 1.2 ‐0.9 ‐0.2 20,887 20,735 20,320 2.8

r  Revised data due to late receipts and concurrent seasonal adjustment.      1 Estimates of shipments and new orders are for the duration of the period, while estimates of unfilled orders and total inventories are for the end of the period. Not seasonally adjusted estimates of shipments and

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

based on the results of the latest annual review of the model parameters. Estimates are not adjusted for price changes.         2 Based on advance sample. Estimates of manufacturers' shipments, inventories, and orders are subject to survey error and revision. One major component of survey error is nonsampling error, which includes errors

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

see http://www.census.gov/manufacturing/m3.      3 The Capital Goods Industries include Nondefense : small arms and ordnance; farm machinery and equipment; construction machinery; mining, oil, and gas field machinery; industrial machinery; vending, laundry,

and other machinery; photographic equipment; metalworking machinery; turbines and generators; other power transmission equipment; pumps and compressors; material handling equipment; all other machinery;

electronic computers; computer storage devices; other computer peripheral equipment; communications equipment; search and navigation equipment; electromedical, measuring, and  control instruments;

electrical equipment; other electrical equipment, appliances, and components; heavy duty trucks; aircraft; railroad rolling stock; ships and boats; office and institutional furniture; and medical equipment and

supplies. Defense Capital Goods include : small arms and ordnance, communications equipment, aircraft; missiles, space vehicles, and parts, ships and boats, and search and navigation equipment.    4 Estimates and percent changes of shipments and inventories for the semiconductor industry are included in computers and electronic products, and all other applicable aggregate totals.  Estimates and percent

changes for new orders and unfilled orders exclude semiconductor industry data.   

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, July Advance Report, August 25, 2021. Information on data sources and methodology can be found on our website at

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