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FOR RELEASE AT 10:00 AM EST, TUESDAY, FEBRUARY 4, 2020 

MONTHLY FULL REPORT ON MANUFACTURERS’ SHIPMENTS, INVENTORIES AND ORDERS 

DECEMBER 2019 

Release Number: CB 20-17 M3-2 (19)-12 

February 4, 2020 — The U.S. Census Bureau announces the December full report on manufacturers’ 

shipments, inventories and orders: 

 MANUFACTURED GOODS – NEW ORDERS 

DECEMBER 2019 $499.3 billion +1.8%°

NOVEMBER 2019 

(revised) $490.7 billion -1.2%°

Next release: March 5, 2020 

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, February 4, 2020. 

Summary

New orders for manufactured goods in December, up two of the last three months, increased $8.6 billion 

or 1.8 percent to $499.3 billion, the U.S. Census Bureau reported today. This followed a 1.2 percent 

November decrease. Shipments, up three consecutive months, increased $2.3 billion or 0.5 percent to 

$504.1 billion. This followed a 0.3 percent November increase. Unfilled orders, down three of the last 

four months, decreased $0.6 billion or virtually unchanged to $1,156.2 billion. This followed a 0.6 percent 

November decrease. The unfilled orders-to-shipments ratio was 6.65, down from 6.66 in November. 

Inventories, up twelve of the last thirteen months, increased $3.5 billion or 0.5 percent to $704.9 billion. 

This followed a 0.3 percent November increase. The inventories-to-shipments ratio was 1.40, unchanged 

from November. 

New Orders 

New orders for manufactured durable goods in December, up two of the last three months, increased $5.9 

billion or 2.4 percent to $245.6 billion, unchanged from the previously published increase. This followed a 

3.1 percent November decrease. Transportation equipment, up following three consecutive monthly 

Jan-19 Feb-19 Mar-19 Apr-19 May-19 Jun-19 Jul-19 Aug-19 Sep-19 Oct-19 Nov-19 Dec-19

% Change 0.1% -1.0% 1.3% -1.2% -1.3% 0.5% 1.4% -0.1% -0.8% 0.2% -1.2% 1.8%

-4.0%

-3.0%

-2.0%

-1.0%

0.0%

1.0%

2.0%

3.0%

4.0%

MANUFACTURERS' NEW ORDERS 2019

Seasonally Adjusted, Month-To-Month Percentage Change

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

February 4, 2020. 
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decreases, drove the increase, $6.1 billion or 7.9 percent to $83.2 billion. New orders for manufactured 

nondurable goods increased $2.8 billion or 1.1 percent to $253.8 billion.

Shipments 

Shipments of manufactured durable goods in December, down six consecutive months, decreased $0.5 

billion or 0.2 percent to $250.3 billion, unchanged from the previously published decrease. This followed a 

0.2 percent November decrease. Transportation equipment, also down six consecutive months, led the 

decrease, $0.3 billion or 0.4 percent to $83.3 billion. Shipments of manufactured nondurable goods, up 

three consecutive months, increased $2.8 billion or 1.1 percent to $253.8 billion. This followed a 0.7 

percent November increase. Petroleum and coal products, up five of the last six months, led the increase, 

$2.4 billion or 4.5 percent to $56.3 billion. 

Unfilled Orders 

Unfilled orders for manufactured durable goods in December, down three of the last four months, 

decreased $0.6 billion or virtually unchanged to $1,156.2 billion, up from the previously published 0.1 

percent decrease. This followed a 0.6 percent November decrease. Machinery, down fourteen 

consecutive months, led the decrease, $0.4 billion or 0.4 percent to $101.6 billion. 

Inventories

Inventories of manufactured durable goods in December, up seventeen of the last eighteen months, 

increased $2.1 billion or 0.5 percent to $435.9 billion, unchanged from the previously published increase. 

This followed a 0.4 percent November increase. Transportation equipment, also up seventeen of the last 

eighteen months, led the increase, $1.7 billion or 1.1 percent to $151.2 billion. Inventories of 

manufactured nondurable goods, up two consecutive months, increased $1.4 billion or 0.5 percent to 

$269.0 billion. This followed a 0.2 percent November increase. Petroleum and coal products, up three 

consecutive months, led the increase, $1.0 billion or 2.5 percent to $40.8 billion. By stage of fabrication, 

December materials and supplies decreased 0.3 percent in durable goods and increased 0.5 percent in 

nondurable goods. Work in process increased 1.5 percent in durable goods and decreased 0.3 percent in 

nondurable goods. Finished goods were virtually unchanged in durable goods and increased 0.9 percent in 

nondurable goods. 

The Advance Report on durable goods for January is scheduled for release on February 27, 2020 at 8:30 

a.m. EST and the Full Report on March 5, 2020 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. 

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 64 percent of the total value of shipments for manufacturing establishments in the 2012 

Economic Census, and these companies include almost two-thirds of the manufacturing companies with 

$500 million or more in shipments in the 2012 Economic Census. The companies for which shipments data 

are currently reported in the M3 survey represent approximately 57 percent of the total value of 

shipments for manufacturing establishments in the 2012 Economic Census. Statistics based on the M3 

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

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

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

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

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

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

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

BENCHMARK NOTICE 

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

issued on May 15, 2020. These revisions result from 

• benchmarking the M3 shipments and inventories data to the 2017 Economic Census data on a 

2017 NAICS basis; 

• incorporating the unfilled orders to shipments ratios obtained for 2017 and 2016 from the 

Manufacturers’ Unfilled Orders (M3UFO) Survey by applying these ratios to the respective 2017 

Economic Census data and 2016 ASM shipments data; 

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

orders data; 

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

previously reported data; 

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

annual review of the seasonal adjustment models. 

These revisions will span the seasonally adjusted data for January 2007 through March 2020 and the data 

not seasonally adjusted for January 2012 through March 2020. An updated Press Release will contain 

revised monthly tables for January 2020 through March 2020. Please call M3 staff on (301) 763-4832 with 

any questions. 

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/>. 
Data Inquiries Media Inquiries 

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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

Dec. Nov. Oct. Nov. - Oct. - Sep. - Dec. Nov. Oct. Dec. 2019/

2019p 2019r 2019 Dec. Nov. Oct. 2019p 2019r 2019 2018 2019p 2018 2018

 All manufacturing industries.................. 504,082 501,823 500,488 0.5 0.3 0.1 492,966 485,404 518,466 490,076 6,034,143 5,999,570 0.6

 Excluding transportation................... 420,797 418,229 416,743 0.6 0.4 0.2 411,845 403,949 430,587 400,689 5,002,268 4,967,246 0.7

 Excluding defense.............................. 489,944 487,204 485,723 0.6 0.3 0.1 477,291 469,906 503,912 473,894 5,858,137 5,836,230 0.4

 With unfilled orders............................ 173,770 173,649 174,216 0.1 -0.3 0.3 173,899 166,345 177,885 179,832 2,107,372 2,101,318 0.3

 Durable goods industries......................... 250,329 250,832 251,286 -0.2 -0.2 -0.1 245,913 240,700 260,840 252,945 3,043,518 3,017,198 0.9

 Wood products....................................... 9,346 9,391 9,270 -0.5 1.3 1.0 8,227 8,695 9,788 7,913 110,098 111,918 -1.6

 Nonmetallic mineral products.................... 11,292 11,213 11,277 0.7 -0.6 -1.6 9,734 10,667 12,567 9,312 135,453 130,853 3.5

 Primary metals....................................... 19,775 19,858 20,042 -0.4 -0.9 -1.0 17,846 18,408 20,486 19,084 245,434 255,144 -3.8

 Iron and steel mills............................ 9,630 9,756 9,845 -1.3 -0.9 -1.7 8,676 9,006 10,071 9,723 123,503 127,960 -3.5

 Aluminum and nonferrous metals.......... 8,708 8,652 8,715 0.6 -0.7 -0.4 7,892 8,105 8,925 8,090 104,109 110,567 -5.8

 Ferrous metal foundries....................... 1,437 1,450 1,482 -0.9 -2.2 0.7 1,278 1,297 1,490 1,271 17,822 16,617 7.3

 Fabricated metal products....................... 33,693 33,859 33,809 -0.5 0.1 -0.2 31,302 32,073 35,526 30,845 404,323 393,199 2.8

 Machinery............................................. 32,649 32,563 33,014 0.3 -1.4 0.8 33,166 29,915 33,432 33,065 396,234 391,475 1.2

 Farm machinery................................. 2,457 2,486 2,467 -1.2 0.8 -1.6 2,152 1,880 2,345 2,387 30,659 30,760 -0.3

 Construction machinery..................... 2,650 2,694 2,821 -1.6 -4.5 -2.8 2,559 2,473 3,054 2,822 35,437 35,421 0.0

 Mining, oil field, and 

 gas field machinery.......................... 1,405 1,353 1,452 3.8 -6.8 9.6 1,623 1,370 1,467 1,709 17,303 18,305 -5.5

 Industrial machinery.......................... 3,108 3,195 3,029 -2.7 5.5 0.7 3,629 2,902 3,024 2,945 34,512 31,651 9.0

 Photographic equipment...................... 545 577 549 -5.5 5.1 -2.7 595 552 553 598 6,665 6,551 1.7

 Ventilation, heating, air-conditioning,

 and refrigeration equipment............ 4,039 4,024 4,092 0.4 -1.7 0.3 3,775 3,512 3,818 3,708 48,846 46,340 5.4

 Metalworking machinery..................... 2,554 2,509 2,530 1.8 -0.8 -1.4 2,845 2,423 2,701 2,779 31,207 32,377 -3.6

 Turbines, generators, and other

 power transmission equipment....... 4,367 4,207 4,523 3.8 -7.0 2.1 4,136 4,175 4,712 4,162 52,546 50,938 3.2

 Material handling equipment............... 2,781 2,782 2,799 0.0 -0.6 2.8 2,880 2,602 2,944 2,909 33,893 32,617 3.9

 Computers and electronic products2

.......... 27,792 27,887 27,803 -0.3 0.3 0.3 31,542 27,884 27,714 31,498 333,570 323,402 3.1

 Computers........................................ 542 550 543 -1.5 1.3 1.1 665 515 524 978 7,189 9,590 -25.0

 Computer storage devices..................... 399 482 395 -17.2 22.0 28.7 610 438 315 388 4,289 3,372 27.2

 Other peripheral equipment................ 800 861 815 -7.1 5.6 0.6 1,083 790 750 971 9,546 8,967 6.5

 Nondefense communications

 equipment.................................... 3,678 3,569 3,585 3.1 -0.4 -0.8 5,032 3,245 3,090 4,680 42,801 38,926 10.0

 Defense communications equipment.... 244 247 238 -1.2 3.8 -8.5 232 267 254 312 3,270 3,539 -7.6

 Audio and video equipment.................... 276 260 305 6.2 -14.8 2.3 384 336 407 529 3,644 3,209 13.6

 Electronic components......................... 3,779 3,772 3,629 0.2 3.9 -0.2 3,883 3,541 3,594 3,647 43,722 41,827 4.5

 Nondefense search and navigation

 equipment...................................... 1,509 1,545 1,549 -2.3 -0.3 4.8 1,673 1,495 1,512 1,698 18,686 18,366 1.7

 Defense search and navigation

 equipment..................................... 2,924 2,954 2,881 -1.0 2.5 0.6 3,277 3,129 2,834 3,160 34,293 33,139 3.5

 Electromedical, measuring,

 and control instruments................. 8,941 8,929 9,162 0.1 -2.5 0.6 10,497 8,785 8,889 11,075 109,844 110,754 -0.8

 Electrical equipment, appliances, 

 and components................................... 11,866 11,776 11,509 0.8 2.3 -2.1 11,686 11,324 11,948 11,073 140,132 135,689 3.3

 Electric lighting equipment..................... 1,056 1,038 1,056 1.7 -1.7 -0.7 1,067 1,038 1,124 1,041 12,598 12,601 0.0

 Household appliances........................ 1,827 1,773 1,689 3.0 5.0 -3.7 1,931 1,793 1,793 1,800 21,045 20,728 1.5

 Electrical equipment............................ 3,050 3,102 3,138 -1.7 -1.1 -0.5 2,961 2,844 3,060 2,876 37,421 36,898 1.4

 Batteries........................................... 917 916 883 0.1 3.7 -6.2 966 1,007 1,070 921 10,908 11,200 -2.6

 Transportation equipment........................ 83,285 83,594 83,745 -0.4 -0.2 -0.3 81,121 81,455 87,879 89,387 1,031,875 1,032,324 0.0

 Automobiles..................................... 7,443 7,973 8,083 -6.6 -1.4 -1.1 6,816 8,046 8,788 8,640 102,487 109,902 -6.7

 Light trucks and utility vehicles.............. 20,910 20,732 20,532 0.9 1.0 -3.4 19,657 19,843 22,641 20,037 254,473 239,860 6.1

 Heavy duty trucks ............................. 2,673 2,766 2,825 -3.4 -2.1 -1.9 2,289 2,565 2,982 2,503 35,443 32,650 8.6

 Motor vehicle bodies, parts, 

 and trailers.................................... 28,016 27,815 27,400 0.7 1.5 -1.2 24,497 26,358 29,325 23,896 335,979 324,597 3.5

 Nondefense aircraft and parts................ 9,904 9,379 10,023 5.6 -6.4 7.4 12,545 9,263 9,143 18,979 128,203 162,554 -21.1

 Defense aircraft and parts.................. 3,766 4,126 4,358 -8.7 -5.3 3.1 4,521 4,256 4,304 5,576 53,186 54,644 -2.7

 Ships and boats................................. 2,624 2,792 2,835 -6.0 -1.5 5.3 2,677 2,940 2,879 2,914 33,528 33,569 -0.1

 Furniture and related products.................. 6,838 6,909 6,865 -1.0 0.6 1.3 6,720 6,787 7,024 6,516 81,497 78,267 4.1

 Miscellaneous durable goods................. 13,793 13,782 13,952 0.1 -1.2 0.5 14,569 13,492 14,476 14,252 164,902 164,927 0.0

 Nondurable goods industries..................... 253,753 250,991 249,202 1.1 0.7 0.3 247,053 244,704 257,626 237,131 2,990,625 2,982,372 0.3

 Food products....................................... 68,154 68,249 67,957 -0.1 0.4 -0.1 67,872 69,672 71,540 66,340 811,968 806,977 0.6

 Grain and oilseed milling....................... 7,060 7,002 7,184 0.8 -2.5 -2.5 7,129 7,239 7,714 7,507 88,456 93,676 -5.6

 Dairy products.................................. 9,535 9,563 9,577 -0.3 -0.1 1.1 9,561 9,947 9,980 9,197 113,413 113,028 0.3

 Meat, poultry, and seafood products... 19,450 19,557 19,379 -0.5 0.9 0.0 18,780 19,540 19,725 18,669 232,345 232,399 0.0

 Beverage and tobacco products................ 12,467 12,140 12,619 2.7 -3.8 -2.3 12,103 11,970 12,657 12,084 150,877 150,647 0.2

 Beverages......................................... 8,920 8,853 8,865 0.8 -0.1 0.6 8,556 8,683 8,903 8,298 104,718 104,476 0.2

 Tobacco............................................ 3,547 3,287 3,754 7.9 -12.4 -8.5 3,547 3,287 3,754 3,786 46,159 46,171 0.0

 Textile mills........................................... 2,419 2,409 2,434 0.4 -1.0 0.1 2,115 2,278 2,530 2,181 29,408 29,978 -1.9

 Textile products................................... 2,229 2,240 2,257 -0.5 -0.8 0.0 1,986 2,183 2,302 2,139 27,219 27,430 -0.8

 Apparel................................................ 970 945 956 2.6 -1.2 0.7 940 1,057 1,113 937 11,480 11,646 -1.4

 Leather and allied products...................... 423 405 410 4.4 -1.2 0.2 412 376 421 398 4,996 4,941 1.1

 Paper products...................................... 16,070 16,127 16,117 -0.4 0.1 -0.1 15,519 15,562 16,942 15,371 193,732 192,976 0.4

 Pulp, paper, and paperboard mills....... 6,473 6,508 6,538 -0.5 -0.5 -0.1 6,359 6,276 6,778 6,398 78,043 78,986 -1.2

 Paperboard containers........................ 5,665 5,677 5,669 -0.2 0.1 0.6 5,184 5,432 6,098 4,963 68,121 66,719 2.1

 Printing................................................. 7,032 6,967 6,955 0.9 0.2 0.5 6,946 7,041 7,655 6,405 82,176 79,141 3.8

 Petroleum and coal products.................. 56,280 53,834 52,117 4.5 3.3 1.6 53,709 51,605 53,497 48,584 637,061 657,493 -3.1

 Petroleum refineries.......................... 51,835 49,397 47,824 4.9 3.3 1.9 50,002 47,563 48,660 45,125 584,857 608,639 -3.9

 Chemical products..................................... 67,816 67,816 67,615 0.0 0.3 0.3 67,186 64,394 68,336 64,876 804,147 783,735 2.6

 Pesticides, fertilizers, and other

 agricultural chemicals....................... 2,664 2,628 2,559 1.4 2.7 -2.1 2,461 2,073 2,052 2,428 31,493 32,002 -1.6

 Pharmaceuticals and medicines............. 23,643 23,906 23,861 -1.1 0.2 1.0 24,467 23,426 24,679 22,542 276,891 256,087 8.1

 Paints, coatings, and adhesives.......... 3,991 3,891 3,848 2.6 1.1 0.1 3,295 3,333 3,966 3,143 46,485 45,687 1.7

 Plastics and rubber products.................. 19,893 19,859 19,765 0.2 0.5 0.1 18,265 18,566 20,633 17,816 237,561 237,408 0.1

Year to date

p

 Preliminary 

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

1

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

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

model parameters. Estimates are not adjusted for price changes. 

2

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

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

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

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, December Full Report, February 4, 2020. 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

Dec. Nov. Oct. Nov. - Oct. - Sep. - Dec. Nov. Oct. Dec. 2019/

2019p 2019r 2019 Dec. Nov. Oct. 2019p 2019r 2019 2018 2019p 2018 2018

All manufacturing industries2........................ 499,327 490,709 496,644 1.8 -1.2 0.2 494,698 474,402 510,411 494,142 5,957,282 5,994,457 -0.6

 Excluding transportation2...................... 416,151 413,603 412,609 0.6 0.2 0.3 406,135 397,618 424,530 396,011 4,949,684 4,935,395 0.3

 Excluding defense2.............................. 476,659 479,452 478,963 -0.6 0.1 0.1 468,412 462,971 493,686 474,801 5,771,235 5,810,983 -0.7

 With unfilled orders2

............................. 173,201 166,755 174,593 3.9 -4.5 0.7 179,341 160,167 174,834 187,609 2,081,376 2,144,540 -2.9

 Durable goods industries2......................... 245,574 239,718 247,442 2.4 -3.1 0.2 247,645 229,698 252,785 257,011 2,966,657 3,012,085 -1.5

 Primary metals........................................ 19,638 19,786 20,129 -0.7 -1.7 -1.7 18,143 18,957 20,104 19,670 245,751 258,369 -4.9

 Iron and steel mills.............................. 9,549 9,708 10,034 -1.6 -3.2 -2.5 8,929 9,359 9,673 10,237 123,642 130,011 -4.9

 Aluminum and nonferrous metals.......... 8,702 8,649 8,643 0.6 0.1 -1.6 7,968 8,310 8,978 8,116 104,441 111,457 -6.3

 Ferrous metal foundries....................... 1,387 1,429 1,452 -2.9 -1.6 3.0 1,246 1,288 1,453 1,317 17,668 16,901 4.5

 Fabricated metal products........................ 33,441 33,399 33,698 0.1 -0.9 1.1 30,429 31,029 34,449 30,603 404,142 399,389 1.2

 Machinery............................................. 32,203 32,520 32,904 -1.0 -1.2 0.8 31,916 29,505 33,370 31,724 392,139 393,938 -0.5

 Construction machinery........................ 2,564 2,508 2,726 2.2 -8.0 1.0 2,502 2,354 2,994 2,745 33,116 35,784 -7.5

 Mining, oil field, and

 gas field machinery.......................... 1,304 1,355 1,433 -3.8 -5.4 9.8 1,522 1,372 1,448 1,493 16,634 17,972 -7.4

 Industrial machinery............................ 3,111 3,166 3,027 -1.7 4.6 0.4 3,433 2,761 3,130 2,522 33,904 31,291 8.4

 Photographic equipment....................... 513 502 509 2.2 -1.4 -18.7 598 475 588 663 6,330 6,311 0.3

 Ventilation, heating, air-conditioning,

 and refrigeration equipment............... 4,071 4,038 4,083 0.8 -1.1 -0.1 3,681 3,421 3,851 3,629 49,299 47,338 4.1

 Metalworking machinery....................... 2,432 2,464 2,492 -1.3 -1.1 -2.1 2,532 2,410 2,698 2,564 30,188 31,950 -5.5

 Turbines, generators, and other 

 power transmission equipment........... 3,990 4,141 4,503 -3.6 -8.0 2.4 3,759 4,109 4,692 3,772 51,977 49,871 4.2

 Material handling equipment.................. 2,980 2,901 2,915 2.7 -0.5 6.3 3,327 2,576 2,844 3,249 34,201 34,261 -0.2

 Computers and electronic products2........... 23,742 23,577 23,595 0.7 -0.1 0.4 28,181 22,420 22,858 28,799 283,516 279,640 1.4

 Computers........................................ 543 587 573 -7.5 2.4 -0.9 666 552 554 982 7,207 9,907 -27.3

 Nondefense communications

 equipment...................................... 3,700 3,608 3,520 2.5 2.5 1.4 5,007 3,205 3,119 4,445 42,014 40,055 4.9

 Defense communications equipment....... 346 204 185 69.6 10.3 -22.9 329 206 171 268 2,943 3,444 -14.5

 Electronic components......................... 3,747 3,898 3,833 -3.9 1.7 0.4 3,949 3,642 3,805 3,837 44,229 42,801 3.3

 Nondefense search and navigation

 equipment...................................... 1,723 1,605 1,577 7.4 1.8 -3.3 1,456 1,570 1,722 1,577 19,586 19,154 2.3

 Defense search and navigation

 equipment...................................... 2,831 2,706 2,773 4.6 -2.4 -4.6 3,721 2,481 2,595 4,166 35,232 34,000 3.6

 Electromedical, measuring,

 and control instruments..................... 8,863 8,868 9,139 -0.1 -3.0 1.7 10,480 8,681 8,879 11,287 109,405 111,353 -1.7

 Electrical equipment, appliances, 

 and components................................... 11,875 11,912 11,669 -0.3 2.1 -1.5 11,503 11,320 12,199 10,793 141,181 135,612 4.1

 Electric lighting equipment..................... 1,120 1,086 1,135 3.1 -4.3 0.1 1,064 1,070 1,214 994 13,136 12,607 4.2

 Household appliances.......................... 1,853 1,845 1,725 0.4 7.0 -2.0 1,913 1,821 1,859 1,686 21,235 20,759 2.3

 Electrical equipment............................ 3,031 3,100 3,046 -2.2 1.8 -1.8 2,936 2,815 3,059 2,931 37,502 36,717 2.1

 Transportation equipment........................ 83,176 77,106 84,035 7.9 -8.2 0.0 88,563 76,784 85,881 98,131 1,007,598 1,059,062 -4.9

 Motor vehicle bodies, parts, 

 and trailers..................................... 28,134 28,001 27,075 0.5 3.4 -0.8 25,577 26,925 27,817 24,819 334,865 325,282 2.9

 Nondefense aircraft and parts................ 1,454 5,736 8,016 -74.7 -28.4 9.2 9,033 7,240 6,573 24,166 97,967 167,632 -41.6

 Defense aircraft and parts.................... 5,887 2,194 7,110 168.3 -69.1 14.7 8,484 2,346 7,054 6,529 58,197 64,339 -9.5

 Ships and boats.................................. 7,670 1,783 2,756 330.2 -35.3 24.0 5,927 2,059 2,756 2,197 35,007 36,019 -2.8

 Furniture and related products................... 7,074 7,041 6,931 0.5 1.6 3.8 6,386 6,838 7,111 5,827 81,833 78,457 4.3

 Nondurable goods industries..................... 253,753 250,991 249,202 1.1 0.7 0.3 247,053 244,704 257,626 237,131 2,990,625 2,982,372 0.3

Year to date

p

 Preliminary 

r

 Revised data due to late receipts and concurrent seasonal adjustment. 

1

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

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

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

2

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

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

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

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, December Full Report, February 4, 2020. 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 December

Dec. Nov. Oct. Nov. - Oct. - Sep. - Dec. Nov. Oct. Dec. 2019/

2019p 2019r 2019 Dec. Nov. Oct. 2019p 2019r 2019 2018 2018

All manufacturing industries2...................... 1,156,159 1,156,728 1,163,622 0.0 -0.6 0.0 1,153,638 1,148,196 1,154,374 1,179,634 -2.2

 Excluding transportation2

...................... 367,851 368,311 368,717 -0.1 -0.1 0.0 361,338 363,338 364,845 363,057 -0.5

 Excluding defense2............................. 946,836 955,935 959,467 -1.0 -0.4 -0.3 943,282 948,451 950,562 979,319 -3.7

 Durable goods industries2........................ 1,156,159 1,156,728 1,163,622 0.0 -0.6 0.0 1,153,638 1,148,196 1,154,374 1,179,634 -2.2

 Primary metals........................................ 31,833 31,970 32,042 -0.4 -0.2 0.3 31,420 31,123 30,574 31,103 1.0

 Iron and steel mills............................... 16,805 16,886 16,934 -0.5 -0.3 1.1 16,408 16,155 15,802 16,269 0.9

 Aluminum and nonferrous metals............. 11,700 11,706 11,709 -0.1 0.0 -0.6 11,728 11,652 11,447 11,396 2.9

 Ferrous metal foundries........................ 3,328 3,378 3,399 -1.5 -0.6 -0.9 3,284 3,316 3,325 3,438 -4.5

 Fabricated metal products......................... 85,654 85,906 86,366 -0.3 -0.5 -0.1 83,383 84,256 85,300 83,564 -0.2

 Machinery.............................................. 101,603 102,049 102,092 -0.4 0.0 -0.1 99,705 100,955 101,365 103,800 -3.9

 Construction machinery......................... 4,147 4,233 4,419 -2.0 -4.2 -2.1 4,040 4,097 4,216 6,361 -36.5

 Mining, oil field, and

 gas field machinery.......................... 3,537 3,638 3,636 -2.8 0.1 -0.5 3,537 3,638 3,636 4,206 -15.9

 Industrial machinery............................. 7,777 7,774 7,803 0.0 -0.4 0.0 7,498 7,694 7,835 8,106 -7.5

 Photographic equipment........................ 1,178 1,210 1,285 -2.6 -5.8 -3.0 1,255 1,252 1,329 1,590 -21.1

 Ventilation, heating, air-conditioning,

 and refrigeration equipment................ 8,028 7,996 7,982 0.4 0.2 -0.1 7,562 7,656 7,747 7,109 6.4

 Metalworking machinery........................ 6,555 6,677 6,722 -1.8 -0.7 -0.6 6,319 6,632 6,645 7,338 -13.9

 Turbines, generators, and other 

 power transmission equipment............ 28,184 28,561 28,627 -1.3 -0.2 -0.1 28,184 28,561 28,627 28,753 -2.0

 Material handling equipment................... 13,474 13,275 13,156 1.5 0.9 0.9 13,377 12,930 12,956 13,069 2.4

 Computers and electronic products2............. 118,646 118,510 118,600 0.1 -0.1 0.0 117,854 117,505 118,145 117,043 0.7

 Computers......................................... 2,213 2,212 2,175 0.0 1.7 1.4 2,213 2,212 2,175 2,195 0.8

 Nondefense communications

 equipment...................................... 24,202 24,180 24,141 0.1 0.2 -0.3 23,971 23,996 24,036 24,758 -3.2

 Defense communications equipment........ 1,022 920 963 11.1 -4.5 -5.2 1,008 911 972 1,335 -24.5

 Electronic components.......................... 13,372 13,404 13,278 -0.2 0.9 1.6 13,303 13,237 13,136 12,796 4.0

 Nondefense search and navigation

 equipment....................................... 21,033 20,819 20,759 1.0 0.3 0.1 20,761 20,978 20,903 19,861 4.5

 Defense search and navigation

 equipment....................................... 29,023 29,116 29,364 -0.3 -0.8 -0.4 29,005 28,561 29,209 28,066 3.3

 Electromedical, measuring,

 and control instruments...................... 27,781 27,859 27,920 -0.3 -0.2 -0.1 27,593 27,610 27,714 28,032 -1.6

 Electrical equipment, appliances, 

 and components.................................... 20,486 20,477 20,341 0.0 0.7 0.8 20,004 20,187 20,191 18,955 5.5

 Electric lighting equipment..................... 1,954 1,890 1,842 3.4 2.6 4.5 1,889 1,892 1,860 1,351 39.8

 Household appliances........................... 1,425 1,399 1,327 1.9 5.4 2.8 1,405 1,423 1,395 1,215 15.6

 Electrical equipment............................. 7,854 7,873 7,875 -0.2 0.0 -1.2 7,735 7,760 7,789 7,654 1.1

 Transportation equipment......................... 788,308 788,417 794,905 0.0 -0.8 0.0 792,300 784,858 789,529 816,577 -3.0

 Motor vehicle bodies, parts, 

 and trailers...................................... 26,069 25,951 25,765 0.5 0.7 -1.2 26,078 24,998 24,431 27,192 -4.1

 Nondefense aircraft and parts................ 565,146 573,596 577,239 -1.5 -0.6 -0.3 567,952 571,464 573,487 598,188 -5.1

 Defense aircraft and parts..................... 85,805 83,684 85,616 2.5 -2.3 3.3 87,200 83,237 85,147 82,189 6.1

 Ships and boats.................................. 32,909 27,863 28,872 18.1 -3.5 -0.3 30,983 27,733 28,614 29,504 5.0

 Furniture and related products................... 9,062 8,826 8,694 2.7 1.5 0.8 8,405 8,739 8,688 8,069 4.2

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/>. 

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, December Full Report, February 4, 2020. 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 December

Dec. Nov. Oct. Nov. - Oct. - Sep. - Dec. Nov. Oct. Dec. 2019/

2019p 2019r 2019 Dec. Nov. Oct. 2019p 2019r 2019 2018 2018

 All manufacturing industries...................... 704,869 701,383 699,024 0.5 0.3 0.2 686,156 699,864 701,680 666,065 3.0

 Excluding transportation........................ 553,694 551,910 551,538 0.3 0.1 -0.1 539,867 550,109 553,003 538,299 0.3

 Excluding defense............................. 676,387 672,604 670,286 0.6 0.3 0.1 657,866 671,109 672,982 639,215 2.9

 With unfilled orders............................. 356,899 354,516 352,943 0.7 0.4 0.4 346,977 354,114 353,508 329,705 5.2

 Durable goods industries........................ 435,906 433,799 432,095 0.5 0.4 0.3 423,855 433,230 432,450 404,973 4.7

 Wood products........................................ 12,106 12,048 12,067 0.5 -0.2 -0.2 12,117 12,025 11,978 12,423 -2.5

 Nonmetallic mineral products..................... 15,073 15,077 15,112 0.0 -0.2 0.2 14,761 14,678 14,736 14,681 0.5

 Primary metals......................................... 35,376 34,986 34,798 1.1 0.5 -0.3 35,033 34,725 34,509 36,359 -3.6

 Iron and steel mills............................... 19,200 18,854 18,809 1.8 0.2 -0.6 19,103 18,695 18,697 21,040 -9.2

 Aluminum and nonferrous metals............ 13,972 13,957 13,848 0.1 0.8 -0.1 13,795 13,869 13,687 13,291 3.8

 Ferrous metal foundries........................ 2,204 2,175 2,141 1.3 1.6 0.3 2,135 2,161 2,125 2,028 5.3

 Fabricated metal products......................... 53,558 53,793 54,246 -0.4 -0.8 -0.2 52,681 53,298 53,926 53,795 -2.1

 Machinery.............................................. 71,646 71,621 71,952 0.0 -0.5 -0.4 69,192 72,083 72,000 68,188 1.5

 Farm machinery.................................. 4,085 4,124 4,266 -0.9 -3.3 -0.4 4,156 4,147 4,043 3,911 6.3

 Construction machinery......................... 5,568 5,655 5,826 -1.5 -2.9 -1.2 5,412 5,638 5,856 5,558 -2.6

 Mining, oil field, 

 and gas field machinery.................... 5,092 5,254 5,379 -3.1 -2.3 -1.4 4,959 5,284 5,391 5,300 -6.4

 Industrial machinery............................. 8,806 8,610 8,524 2.3 1.0 0.3 8,639 8,644 8,437 8,155 5.9

 Photographic equipment....................... 1,780 1,774 1,783 0.3 -0.5 0.9 1,711 1,800 1,804 1,661 3.0

 Ventilation, heating, air-conditioning,

 and refrigeration equipment............... 5,459 5,486 5,480 -0.5 0.1 -0.3 4,944 5,323 5,368 4,777 3.5

 Metalworking machinery........................ 6,133 6,250 6,176 -1.9 1.2 0.5 5,989 6,325 6,246 5,884 1.8

 Turbines, generators, and other

 power transmission equipment............ 9,485 9,481 9,505 0.0 -0.3 -0.4 8,899 9,705 9,621 9,308 -4.4

 Material handling equipment.................. 5,982 5,918 5,870 1.1 0.8 -0.6 5,565 5,997 6,064 5,465 1.8

 Computers and electronic products2

............ 43,918 43,782 43,489 0.3 0.7 -0.2 42,379 43,851 43,595 41,733 1.5

 Computers......................................... 1,586 1,613 1,591 -1.7 1.4 -1.7 1,466 1,596 1,544 1,401 4.6

 Computer storage devices.................... 1,171 1,129 1,122 3.7 0.6 -3.2 1,112 1,172 1,151 1,036 7.3

 Other peripheral equipment................... 1,216 1,130 1,123 7.6 0.6 1.9 1,157 1,159 1,109 1,097 5.5

 Nondefense communications

 equipment...................................... 4,811 4,760 4,837 1.1 -1.6 -0.8 4,528 4,879 4,903 4,498 0.7

 Defense communications equipment........ 711 705 709 0.9 -0.6 1.3 711 705 709 642 10.7

 Audio and video equipment.................... 593 609 605 -2.6 0.7 -6.9 575 622 656 592 -2.9

 Electronic components.......................... 7,548 7,477 7,316 0.9 2.2 0.8 7,303 7,285 7,240 6,956 5.0

 Nondefense search and navigation

 equipment...................................... 2,823 2,812 2,784 0.4 1.0 1.2 2,758 2,787 2,832 2,557 7.9

 Defense search and navigation

 equipment....................................... 2,529 2,521 2,525 0.3 -0.2 -0.5 2,434 2,479 2,507 2,488 -2.2

 Electromedical, measuring 

 and control instruments...................... 15,760 15,683 15,673 0.5 0.1 -0.1 15,303 15,821 15,758 15,091 1.4

 Electrical equipment, appliances, 

 and components.................................... 20,378 20,377 20,414 0.0 -0.2 0.7 19,422 20,019 20,293 18,803 3.3

 Electric lighting equipment..................... 2,290 2,276 2,270 0.6 0.3 -0.3 2,195 2,240 2,257 2,166 1.3

 Household appliances........................... 2,856 2,906 2,934 -1.7 -1.0 1.2 2,541 2,811 2,947 2,528 0.5

 Electrical equipment............................. 5,814 5,795 5,756 0.3 0.7 0.6 5,640 5,749 5,683 5,351 5.4

 Batteries............................................ 1,803 1,794 1,859 0.5 -3.5 1.7 1,642 1,682 1,841 1,685 -2.6

 Transportation equipment......................... 151,175 149,473 147,486 1.1 1.3 1.3 146,289 149,755 148,677 127,766 14.5

 Automobiles....................................... 4,739 4,805 5,043 -1.4 -4.7 -1.2 4,422 4,761 5,172 3,910 13.1

 Light trucks and utility vehicles.............. 5,199 5,343 5,027 -2.7 6.3 1.0 4,574 5,533 5,266 4,040 13.2

 Heavy duty trucks ............................... 2,216 2,230 2,242 -0.6 -0.5 0.5 2,054 2,156 2,188 2,090 -1.7

 Motor vehicle bodies, parts, 

 and trailers...................................... 26,729 26,635 26,669 0.4 -0.1 -0.1 26,322 26,503 26,671 25,704 2.4

 Nondefense aircraft and parts................ 82,294 80,073 78,348 2.8 2.2 2.0 79,219 80,360 79,117 64,333 23.1

 Defense aircraft and parts..................... 13,430 13,445 13,528 -0.1 -0.6 0.2 13,359 13,521 13,571 12,814 4.3

 Ships and boats.................................. 3,337 3,435 3,474 -2.9 -1.1 4.3 3,291 3,394 3,419 2,998 9.8

 Furniture and related products.................... 7,986 7,991 8,043 -0.1 -0.6 0.3 7,774 7,973 7,968 7,796 -0.3

 Miscellaneous durable goods..................... 24,690 24,651 24,488 0.2 0.7 -0.1 24,207 24,823 24,768 23,429 3.3

 Nondurable goods industries...................... 268,963 267,584 266,929 0.5 0.2 -0.1 262,301 266,634 269,230 261,092 0.5

 Food products........................................ 54,605 54,165 54,025 0.8 0.3 -0.6 54,034 55,604 56,833 53,313 1.4

 Grain and oilseed milling........................ 5,358 5,306 5,268 1.0 0.7 -1.9 5,464 5,509 5,522 5,155 6.0

 Dairy products.................................... 8,078 7,991 7,874 1.1 1.5 0.2 7,631 7,646 7,769 7,227 5.6

 Meat, poultry, and seafood products....... 9,873 9,666 9,621 2.1 0.5 0.2 9,551 9,731 9,812 8,937 6.9

 Beverage and tobacco products................ 25,020 25,045 24,980 -0.1 0.3 0.1 25,128 25,293 25,530 24,977 0.6

 Beverages......................................... 20,659 20,643 20,547 0.1 0.5 0.1 20,584 20,676 20,987 20,210 1.9

 Tobacco............................................ 4,361 4,402 4,433 -0.9 -0.7 0.3 4,544 4,617 4,543 4,767 -4.7

 Textile mills............................................ 3,300 3,305 3,298 -0.2 0.2 -1.1 3,263 3,273 3,290 3,429 -4.8

 Textile products...................................... 3,439 3,463 3,484 -0.7 -0.6 -0.6 3,367 3,444 3,473 3,483 -3.3

 Apparel................................................. 1,886 1,919 1,932 -1.7 -0.7 0.7 1,759 1,867 1,981 1,820 -3.4

 Leather and allied products....................... 779 781 782 -0.3 -0.1 0.5 779 783 777 815 -4.4

 Paper products....................................... 16,275 16,235 16,250 0.2 -0.1 -0.1 16,199 16,025 15,979 16,157 0.3

 Pulp, paper, and paperboard mills........... 6,781 6,786 6,808 -0.1 -0.3 -0.2 6,783 6,696 6,646 6,675 1.6

 Paperboard containers......................... 5,071 5,045 5,037 0.5 0.2 0.0 5,072 4,964 4,966 5,057 0.3

 Printing.................................................. 5,532 5,536 5,537 -0.1 0.0 -0.2 5,435 5,565 5,678 5,491 -1.0

 Petroleum and coal products..................... 40,834 39,847 38,927 2.5 2.4 0.7 38,366 38,762 38,988 36,399 5.4

 Petroleum refineries............................. 35,236 34,203 33,198 3.0 3.0 0.9 32,847 33,268 33,403 30,606 7.3

 Chemical products..................................... 90,600 90,489 90,921 0.1 -0.5 -0.2 88,045 89,495 90,171 88,571 -0.6

 Pesticides, fertilizers, and other

 agricultural chemicals........................ 4,966 5,057 5,087 -1.8 -0.6 -0.8 5,052 4,976 4,777 4,758 6.2

 Pharmaceuticals and medicines.............. 37,359 37,139 37,296 0.6 -0.4 -1.2 35,917 36,771 37,223 35,797 0.3

 Paints, coatings, and adhesives.............. 3,815 3,861 3,855 -1.2 0.2 -0.3 3,671 3,745 3,746 3,813 -3.7

 Plastics and rubber products..................... 26,693 26,799 26,793 -0.4 0.0 -0.2 25,926 26,523 26,530 26,637 -2.7

p Preliminary 

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

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

Estimates are not adjusted for price changes. 

2

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

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

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

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, December Full Report, February 4, 2020. 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

Dec. Nov. Oct. Nov. - Oct. - Sep. - Dec. Nov. Oct. Dec. 2019/

2019p 2019r 2019 Dec. Nov. Oct. 2019p 2019r 2019 2018 2019p 2018 2018

SHIPMENTS

 All manufacturing industries......................... 504,082 501,823 500,488 0.5 0.3 0.1 492,966 485,404 518,466 490,076 6,034,143 5,999,570 0.6

 Construction materials and supplies....... 52,493 52,380 52,303 0.2 0.1 -0.2 46,369 48,761 55,981 45,132 626,691 615,157 1.9

 Information technology......................... 25,388 25,419 25,245 -0.1 0.7 0.4 29,305 24,713 24,570 29,173 303,808 294,053 3.3

 Computers and related products........... 1,741 1,893 1,753 -8.0 8.0 6.0 2,358 1,743 1,589 2,337 21,024 21,929 -4.1

 Motor vehicle and parts......................... 59,042 59,286 58,840 -0.4 0.8 -2.0 53,259 56,812 63,736 55,076 728,382 707,009 3.0

 Capital goods...................................... 87,144 87,095 87,896 0.1 -0.9 1.1 95,809 84,147 87,382 101,306 1,061,537 1,068,095 -0.6

 Nondefense capital goods3

.................. 74,746 74,340 75,045 0.5 -0.9 1.3 82,271 70,490 74,670 87,373 909,168 928,374 -2.1

 Excluding aircraft............................. 68,789 68,996 69,285 -0.3 -0.4 0.7 73,815 65,204 69,691 72,883 831,638 815,851 1.9

 Defense capital goods4

........................ 12,398 12,755 12,851 -2.8 -0.7 0.0 13,538 13,657 12,712 13,933 152,369 139,721 9.1

 Consumer goods.................................. 214,411 212,387 210,862 1.0 0.7 0.0 210,464 209,802 220,244 204,120 2,539,457 2,528,313 0.4

 Consumer durable goods..................... 42,220 42,625 42,555 -1.0 0.2 -1.6 40,359 41,545 45,954 42,394 522,226 513,403 1.7

 Consumer nondurable goods................ 172,191 169,762 168,307 1.4 0.9 0.4 170,105 168,257 174,290 161,726 2,017,231 2,014,910 0.1

 All manufacturing industries5

...................... 499,327 490,709 496,644 1.8 -1.2 0.2 494,698 474,402 510,411 494,142 5,957,282 5,994,457 -0.6

 Construction materials and supplies....... 52,383 52,084 51,838 0.6 0.5 -0.4 45,635 47,983 54,807 44,888 626,143 620,391 0.9

 Information technology......................... 25,462 25,146 25,151 1.3 0.0 -0.3 29,454 23,860 24,638 29,886 304,017 297,479 2.2

 Computers and related products........... 1,742 1,930 1,783 -9.7 8.2 5.2 2,359 1,780 1,619 2,341 21,042 22,246 -5.4

 Motor vehicle and parts......................... 59,160 59,472 58,515 -0.5 1.6 -1.8 54,339 57,379 62,228 55,999 727,268 707,694 2.8

 Capital goods...................................... 83,640 78,985 88,043 5.9 -10.3 3.6 95,907 76,015 86,985 107,454 1,029,743 1,086,199 -5.2

 Nondefense capital goods3

.................. 64,492 68,898 72,456 -6.4 -4.9 2.0 74,123 65,650 72,661 90,465 869,920 934,982 -7.0

 Excluding aircraft............................. 68,617 69,193 69,215 -0.8 0.0 1.0 72,141 64,645 69,870 70,839 826,829 820,706 0.7

 Defense capital goods4

........................ 19,148 10,087 15,587 89.8 -35.3 11.9 21,784 10,365 14,324 16,989 159,823 151,217 5.7

 Consumer goods.................................. 214,485 212,506 210,916 0.9 0.8 0.0 210,285 209,989 220,318 203,729 2,539,926 2,527,988 0.5

 Consumer durable goods..................... 42,294 42,744 42,609 -1.1 0.3 -1.4 40,180 41,732 46,028 42,003 522,695 513,078 1.9

 Consumer nondurable goods.............. 172,191 169,762 168,307 1.4 0.9 0.4 170,105 168,257 174,290 161,726 2,017,231 2,014,910 0.1

 All manufacturing industries5

...................... 1,156,159 1,156,728 1,163,622 0.0 -0.6 0.0 1,153,638 1,148,196 1,154,374 1,179,634 (X) (X) -2.2

 Construction materials and supplies....... 59,289 59,399 59,695 -0.2 -0.5 -0.8 57,257 57,991 58,769 57,805 (X) (X) -0.9

 Information technology......................... 115,705 115,631 115,904 0.1 -0.2 -0.1 114,781 114,632 115,485 114,572 (X) (X) 0.2

 Computers and related products........... 2,213 2,212 2,175 0.0 1.7 1.4 2,213 2,212 2,175 2,195 (X) (X) 0.8

 Motor vehicle and parts......................... 26,069 25,951 25,765 0.5 0.7 -1.2 26,078 24,998 24,431 27,192 (X) (X) -4.1

 Capital goods...................................... 836,657 840,161 848,271 -0.4 -1.0 0.0 835,403 835,305 843,437 867,197 (X) (X) -3.7

 Nondefense capital goods3

.................. 671,659 681,913 687,355 -1.5 -0.8 -0.4 670,172 678,320 683,160 709,420 (X) (X) -5.5

 Excluding aircraft............................. 217,838 218,010 217,813 -0.1 0.1 0.0 214,536 216,210 216,769 219,345 (X) (X) -2.2

 Defense capital goods4

........................ 164,998 158,248 160,916 4.3 -1.7 1.7 165,231 156,985 160,277 157,777 (X) (X) 4.7

 Consumer goods.................................. 5,117 5,043 4,924 1.5 2.4 1.1 4,955 5,134 4,947 4,486 (X) (X) 10.5

 Consumer durable goods..................... 5,117 5,043 4,924 1.5 2.4 1.1 4,955 5,134 4,947 4,486 (X) (X) 10.5

 All manufacturing industries....................... 704,869 701,383 699,024 0.5 0.3 0.2 686,156 699,864 701,680 666,065 (X) (X) 3.0

 Construction materials and supplies....... 72,490 72,661 73,010 -0.2 -0.5 -0.1 70,900 71,503 72,044 72,636 (X) (X) -2.4

 Information technology......................... 40,835 40,578 40,583 0.6 0.0 -0.1 39,403 40,808 40,778 38,382 (X) (X) 2.7

 Computers and related products........... 3,973 3,872 3,836 2.6 0.9 -1.1 3,735 3,927 3,804 3,534 (X) (X) 5.7

 Motor vehicle and parts......................... 38,883 39,013 38,981 -0.3 0.1 -0.1 37,372 38,953 39,297 35,744 (X) (X) 4.6

 Capital goods...................................... 223,177 221,248 219,990 0.9 0.6 0.8 215,773 222,149 220,985 198,326 (X) (X) 8.8

 Nondefense capital goods3

.................. 199,179 196,925 195,701 1.1 0.6 0.6 191,896 197,926 196,779 175,718 (X) (X) 9.2

 Excluding aircraft............................. 130,083 129,575 129,814 0.4 -0.2 -0.2 125,883 130,347 130,214 123,310 (X) (X) 2.1

 Defense capital goods4

........................ 23,998 24,323 24,289 -1.3 0.1 1.6 23,877 24,223 24,206 22,608 (X) (X) 5.6

 Consumer goods.................................. 204,421 203,247 202,232 0.6 0.5 -0.2 198,339 203,698 206,142 194,382 (X) (X) 2.0

 Consumer durable goods..................... 31,970 32,401 32,318 -1.3 0.3 0.0 30,395 32,618 32,834 29,290 (X) (X) 3.8

 Consumer nondurable goods................ 172,451 170,846 169,914 0.9 0.5 -0.3 167,944 171,080 173,308 165,092 (X) (X) 1.7

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/>. 

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, December Full Report, February 4, 2020. 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 December

Dec. Nov. Oct. Nov. - Oct. - Sep. - Dec. Nov. Oct. Dec. 2019/

2019p 2019r 2019 Dec. Nov. Oct. 2019p 2019r 2019 2018 2018

MATERIALS AND SUPPLIES

 All manufacturing industries....................... 237,096 237,019 237,240 0.0 -0.1 0.1 234,569 236,107 238,004 235,121 -0.2

 Durable goods industries.......................... 145,186 145,572 145,897 -0.3 -0.2 0.1 143,702 145,474 146,374 144,340 -0.4

 Wood products................................... 5,157 5,205 5,209 -0.9 -0.1 -0.1 5,316 5,321 5,306 5,385 -1.3

 Nonmetallic mineral products................. 6,133 6,120 6,176 0.2 -0.9 -0.2 6,078 6,059 6,143 5,979 1.7

 Primary metals.................................... 12,646 12,523 12,635 1.0 -0.9 1.8 12,734 12,599 12,758 13,368 -4.7

 Fabricated metal products.......................... 19,487 19,931 20,187 -2.2 -1.3 -0.5 19,491 19,831 20,215 20,795 -6.3

 Machinery.......................................... 28,810 28,957 29,062 -0.5 -0.4 -0.5 28,172 28,899 29,187 28,175 0.0

 Computers and electronic products........ 19,646 19,743 19,443 -0.5 1.5 0.2 19,278 19,801 19,527 18,605 3.6

 Electrical equipment, appliances,

 and components............................... 8,490 8,476 8,466 0.2 0.1 -0.4 8,310 8,351 8,453 8,192 1.4

 Transportation equipment..................... 32,933 32,728 32,835 0.6 -0.3 0.8 32,526 32,743 32,932 32,045 1.5

 Furniture and related products............... 3,727 3,744 3,774 -0.5 -0.8 -0.7 3,701 3,709 3,741 3,897 -5.0

 Miscellaneous products......................... 8,157 8,145 8,110 0.1 0.4 0.4 8,096 8,161 8,112 7,899 2.5

 Nondurable goods industries...................... 91,910 91,447 91,343 0.5 0.1 0.0 90,867 90,633 91,630 90,781 0.1

 Food products.................................... 18,527 18,306 18,283 1.2 0.1 -0.5 18,527 18,494 19,051 17,721 4.5

 Beverage and tobacco products........................ 5,909 5,847 5,885 1.1 -0.6 -0.3 6,062 5,966 6,019 6,092 -0.5

 Textiles.............................................. 1,124 1,123 1,123 0.1 0.0 -0.4 1,120 1,110 1,108 1,191 -6.0

 Textile products................................... 1,316 1,334 1,350 -1.3 -1.2 -0.2 1,306 1,329 1,334 1,326 -1.5

 Apparel............................................. 436 450 458 -3.1 -1.7 -0.7 428 443 461 501 -14.6

 Leather and allied products.................... 263 267 268 -1.5 -0.4 -1.5 267 266 267 283 -5.7

 Paper products.................................... 8,097 8,078 8,017 0.2 0.8 -0.1 8,125 7,993 7,916 8,222 -1.2

 Printing ............................................. 2,749 2,758 2,770 -0.3 -0.4 -0.5 2,726 2,779 2,803 2,852 -4.4

 Petroleum and coal products................. 10,712 10,242 10,070 4.6 1.7 -1.1 10,071 9,811 9,995 10,489 -4.0

 Chemical products................................ 31,618 31,801 31,878 -0.6 -0.2 0.8 31,237 31,325 31,492 30,830 1.3

 Plastics and rubber products.................. 11,159 11,241 11,241 -0.7 0.0 -0.2 10,998 11,117 11,184 11,274 -2.4

WORK IN PROCESS

 All manufacturing industries....................... 222,507 220,200 218,371 1.0 0.8 0.4 215,258 220,032 219,639 201,529 6.8

 Durable goods industries.......................... 169,327 166,886 165,432 1.5 0.9 0.8 163,241 166,394 165,565 147,093 11.0

 Wood products................................... 2,199 2,165 2,147 1.6 0.8 0.6 2,149 2,128 2,119 2,179 -1.4

 Nonmetallic mineral products................. 1,602 1,584 1,565 1.1 1.2 -0.2 1,529 1,502 1,494 1,519 0.7

 Primary metals.................................... 9,886 9,748 10,000 1.4 -2.5 -1.2 9,482 9,651 9,960 10,390 -8.7

 Fabricated metal products.......................... 14,076 14,023 14,169 0.4 -1.0 0.8 13,739 14,000 14,157 13,677 0.5

 Machinery.......................................... 18,708 18,523 18,552 1.0 -0.2 -1.2 17,665 18,927 18,672 17,307 2.1

 Computers and electronic products........ 12,498 12,196 12,026 2.5 1.4 -0.2 11,816 11,946 11,832 11,757 0.5

 Electrical equipment, appliances,

 and components............................... 4,377 4,349 4,306 0.6 1.0 0.4 4,160 4,264 4,240 3,999 4.0

 Transportation equipment..................... 100,642 99,006 97,381 1.7 1.7 1.6 97,552 98,680 97,787 81,214 20.1

 Furniture and related products............... 1,402 1,394 1,395 0.6 -0.1 0.9 1,367 1,382 1,357 1,344 1.7

 Miscellaneous products......................... 3,937 3,898 3,891 1.0 0.2 0.3 3,782 3,914 3,947 3,707 2.0

 Nondurable goods industries...................... 53,180 53,314 52,939 -0.3 0.7 -0.9 52,017 53,638 54,074 54,436 -4.4

 Food products.................................... 4,846 4,930 4,968 -1.7 -0.8 -13.7 5,352 5,801 5,845 6,365 -15.9

 Beverage and tobacco products........................ 9,674 9,688 9,603 -0.1 0.9 -0.6 10,013 9,894 9,921 9,900 1.1

 Textiles.............................................. 706 710 704 -0.6 0.9 -1.8 684 707 706 713 -4.1

 Textile products................................... 416 420 421 -1.0 -0.2 -0.2 398 421 426 415 -4.1

 Apparel............................................. 346 343 341 0.9 0.6 3.0 316 332 343 309 2.3

 Leather and allied products.................... 79 78 82 1.3 -4.9 2.5 77 78 80 78 -1.3

 Paper products.................................... 1,348 1,348 1,365 0.0 -1.2 -1.2 1,319 1,325 1,348 1,310 0.7

 Printing ............................................. 1,235 1,220 1,200 1.2 1.7 0.8 1,191 1,226 1,279 1,140 4.5

 Petroleum and coal products................. 12,446 12,620 12,241 -1.4 3.1 2.1 11,123 12,140 12,302 10,783 3.2

 Chemical products................................ 18,975 18,855 18,926 0.6 -0.4 0.5 18,545 18,611 18,747 20,305 -8.7

 Plastics and rubber products.................. 3,109 3,102 3,088 0.2 0.5 0.4 2,999 3,103 3,077 3,118 -3.8

FINISHED GOODS

 All manufacturing industries....................... 245,266 244,164 243,413 0.5 0.3 0.0 236,329 243,725 244,037 229,415 3.0

 Durable goods industries.......................... 121,393 121,341 120,766 0.0 0.5 0.0 116,912 121,362 120,511 113,540 3.0

 Wood products................................... 4,750 4,678 4,711 1.5 -0.7 -0.7 4,652 4,576 4,553 4,859 -4.3

 Nonmetallic mineral products................. 7,338 7,373 7,371 -0.5 0.0 0.7 7,154 7,117 7,099 7,183 -0.4

 Primary metals.................................... 12,844 12,715 12,163 1.0 4.5 -1.7 12,817 12,475 11,791 12,601 1.7

 Fabricated metal products.......................... 19,995 19,839 19,890 0.8 -0.3 -0.7 19,451 19,467 19,554 19,323 0.7

 Machinery.......................................... 24,128 24,141 24,338 -0.1 -0.8 0.4 23,355 24,257 24,141 22,706 2.9

 Computers and electronic products........ 11,774 11,843 12,020 -0.6 -1.5 -0.7 11,285 12,104 12,236 11,371 -0.8

 Electrical equipment, appliances,

 and components............................... 7,511 7,552 7,642 -0.5 -1.2 2.1 6,952 7,404 7,600 6,612 5.1

 Transportation equipment..................... 17,600 17,739 17,270 -0.8 2.7 1.0 16,211 18,332 17,958 14,507 11.7

 Furniture and related products............... 2,857 2,853 2,874 0.1 -0.7 1.4 2,706 2,882 2,870 2,555 5.9

 Miscellaneous products......................... 12,596 12,608 12,487 -0.1 1.0 -0.6 12,329 12,748 12,709 11,823 4.3

 Nondurable goods industries...................... 123,873 122,823 122,647 0.9 0.1 0.1 119,417 122,363 123,526 115,875 3.1

 Food products.................................... 31,232 30,929 30,774 1.0 0.5 1.7 30,155 31,309 31,937 29,227 3.2

 Beverage and tobacco products........................ 9,437 9,510 9,492 -0.8 0.2 1.1 9,053 9,433 9,590 8,985 0.8

 Textiles.............................................. 1,470 1,472 1,471 -0.1 0.1 -1.3 1,459 1,456 1,476 1,525 -4.3

 Textile products................................... 1,707 1,709 1,713 -0.1 -0.2 -1.0 1,663 1,694 1,713 1,742 -4.5

 Apparel............................................. 1,104 1,126 1,133 -2.0 -0.6 0.5 1,015 1,092 1,177 1,010 0.5

 Leather and allied products.................... 437 436 432 0.2 0.9 1.4 435 439 430 454 -4.2

 Paper products.................................... 6,830 6,809 6,868 0.3 -0.9 0.2 6,755 6,707 6,715 6,625 2.0

 Printing ............................................. 1,548 1,558 1,567 -0.6 -0.6 -0.4 1,518 1,560 1,596 1,499 1.3

 Petroleum and coal products................. 17,676 16,985 16,616 4.1 2.2 0.8 17,172 16,811 16,691 15,127 13.5

 Chemical products................................ 40,007 39,833 40,117 0.4 -0.7 -1.4 38,263 39,559 39,932 37,436 2.2

 Plastics and rubber products.................. 12,425 12,456 12,464 -0.2 -0.1 -0.4 11,929 12,303 12,269 12,245 -2.6

p

 Preliminary 

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

1

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

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

Estimates are not adjusted for price changes. 

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

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

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, December Full Report, February 4, 2020. 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 Dec Nov Oct Sep Dec Nov Oct Sep

2019p 2019r 2019 2019 2019p 2019r 2019 2019

All manufacturing industries3.................................... 1.40 1.40 1.40 1.40 (X) (X) (X) (X)

Durable goods industries3

........................................ 1.74 1.73 1.72 1.71 6.65 6.66 6.68 6.70

 Wood products........................................................... 1.30 1.28 1.30 1.32 (X) (X) (X) (X)

 Nonmetallic mineral products............................. 1.33 1.34 1.34 1.32 (X) (X) (X) (X)

 Primary metals............................................................ 1.79 1.76 1.74 1.72 1.61 1.61 1.60 1.58

 Fabricated metal products...................................... 1.59 1.59 1.60 1.61 2.61 2.61 2.63 2.63

 Machinery..................................................................... 2.19 2.20 2.18 2.21 3.45 3.48 3.42 3.46

 Computers and electronic products3

................... 1.58 1.57 1.56 1.57 5.49 5.50 5.49 5.52

 Electrical equipment, appliances,

 and components.................................................... 1.72 1.73 1.77 1.73 1.87 1.89 1.91 1.87

 Transportation equipment..................................... 1.82 1.79 1.76 1.73 15.08 15.13 15.20 15.37

 Furniture and related products............................ 1.17 1.16 1.17 1.18 1.47 1.42 1.41 1.41

 Miscellaneous products.......................................... 1.79 1.79 1.76 1.77 (X) (X) (X) (X)

Nondurable goods industries................................... 1.06 1.07 1.07 1.08 (X) (X) (X) (X)

 Food products............................................................. 0.80 0.79 0.79 0.80 (X) (X) (X) (X)

 Beverage and tobacco products........................... 2.01 2.06 1.98 1.93 (X) (X) (X) (X)

 Textiles.......................................................................... 1.36 1.37 1.35 1.37 (X) (X) (X) (X)

 Textile products......................................................... 1.54 1.55 1.54 1.55 (X) (X) (X) (X)

 Apparel........................................................................ 1.94 2.03 2.02 2.02 (X) (X) (X) (X)

 Leather and allied products................................ 1.84 1.93 1.91 1.90 (X) (X) (X) (X)

 Paper products.......................................................... 1.01 1.01 1.01 1.01 (X) (X) (X) (X)

 Printing........................................................................ 0.79 0.79 0.80 0.80 (X) (X) (X) (X)

 Petroleum and coal products............................... 0.73 0.74 0.75 0.75 (X) (X) (X) (X)

 Chemical products................................................... 1.34 1.33 1.34 1.35 (X) (X) (X) (X)

 Plastics and rubber products................................ 1.34 1.35 1.36 1.36 (X) (X) (X) (X)

Dec3 Dec3 Dec3 Dec3

Industry 2018- 2018- 2018- 2018-

Dec2 Nov Dec2 Nov Dec2 Nov Dec2 Nov

2019 2019 2019 2019 2019 2019 2019 2019

 

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

Durable goods industries....................... 0.0 0.2 0.0 0.5 0.1 0.1 0.0 0.0

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

 Nonmetallic mineral products.............. (X) 0.3 (X) (NA) (X) (NA) (X) 0.1

 Primary metals............................................. -0.1 0.4 -0.1 0.6 0.0 0.2 -0.1 0.2

 Fabricated metal products.................... -0.1 0.3 -0.2 0.7 0.0 0.2 -0.1 0.1

 Machinery...................................................... 0.0 0.4 0.1 0.6 0.1 0.1 0.0 0.1

 Computers and electronic products..... 0.0 0.3 -0.1 0.4 0.0 0.1 0.0 0.1

 Electrical equipment, appliances,

 and components..................................... 0.4 0.2 0.3 0.3 -0.1 0.2 0.0 0.1

 Transportation equipment.................... 0.0 0.4 0.3 1.1 0.0 0.1 -0.1 0.1

 Furniture and related products............. (X) 0.5 (X) 0.5 (X) 0.6 (X) 0.2

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

Nondurable goods industries................... (X) 0.2 (X) (NA) (X) (NA) (X) 0.1

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

 Beverage and tobacco products............ (X) 0.5 (X) (NA) (X) (NA) (X) 0.2

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

 Textile products......................................... (X) 0.4 (X) (NA) (X) (NA) (X) 0.2

 Apparel......................................................... (X) 0.5 (X) (NA) (X) (NA) (X) 0.4

 Leather and allied products.................. (X) 0.8 (X) (NA) (X) (NA) (X) 0.2

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

 Printing.......................................................... (X) 0.2 (X) (NA) (X) (NA) (X) 0.2

 Petroleum and coal products............... (X) 0.5 (X) (NA) (X) (NA) (X) 0.4

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

 Plastics and rubber products................ (X) 0.3 (X) (NA) (X) (NA) (X) 0.1

X

 Not Applicable 

p

 Preliminary 

r

 Revised data due to late receipts and concurrent seasonal adjustment. 

2

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

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

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

miscellaneous furniture. 

3

 Unfilled orders to shipments ratio excludes semiconductor manufacturing. 

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

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

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

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

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, December Full Report, February 4, 2020. Information on data 

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

X Not Applicable 

NA Not Available 

1

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

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

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

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

2

 The current month revisions are the difference between the advance percent change and the percent change as shown in this publication. 3

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

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

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

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

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

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

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

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, December Full Report, February 4, 2020. 

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