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FOR RELEASE AT 8:30 AM EDT, WEDNESDAY, MAY 25, 2022 

MONTHLY ADVANCE REPORT ON DURABLE GOODS MANUFACTURERS’ SHIPMENTS, 

INVENTORIES AND ORDERS APRIL 2022 

Release Number: CB 22-79 M3-1 (22)-04 

May 25, 2022 — The U.S. Census Bureau announces the April advance report on durable goods 

manufacturers’ shipments, inventories and orders:

New Orders

New orders for manufactured durable goods in April increased $1.2 billion or 0.4 percent to $265.3 billion, 

the U.S. Census Bureau announced today. This increase, up six of the last seven months, followed a 0.6

percent March increase. Excluding transportation, new orders increased 0.3 percent. Excluding defense, 

new orders increased 0.3 percent. Transportation equipment, up following two consecutive monthly 

decreases, led the increase, $0.6 billion or 0.6 percent to $86.7 billion.

Shipments

Shipments of manufactured durable goods in April, up eleven of the last twelve months, increased $0.3

billion or 0.1 percent to $264.3 billion. This followed a 1.4 percent March increase. Primary metals, up 

four of the last five months, led the increase, $0.2 billion or 0.9 percent to $20.9 billion.

DURABLE GOODS – NEW ORDERS

APRIL 2022 $265.3 billion +0.4%°

MARCH 2022

(revised) $264.2 billion +0.6%°

Next release: June 27, 2022 

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, May 25, 

2022.

-4.0%

-3.0%

-2.0%

-1.0%

0.0%

1.0%

2.0%

3.0%

4.0%

May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22

DURABLE GOODS NEW ORDERS 2021-2022

Seasonally Adjusted, Month-To-Month Percentage Change

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders, May 25, 2022.
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Unfilled Orders

Unfilled orders for manufactured durable goods in April, up twenty consecutive months, increased $5.9 

billion or 0.5 percent to $1,106.7 billion. This followed a 0.5 percent March increase. Transportation 

equipment, up fourteen of the last fifteen months, led the increase, $4.2 billion or 0.7 percent to $637.2

billion.

Inventories

Inventories of manufactured durable goods in April, up fifteen consecutive months, increased $3.6 billion 

or 0.8 percent to $479.4 billion. This followed a 0.9 percent March increase. Transportation equipment, 

up five of the last six months, led the increase, $1.1 billion or 0.7 percent to $157.0 billion. 

Capital Goods

Nondefense new orders for capital goods in April increased $0.4 billion or 0.4 percent to $83.4 billion. 

Shipments increased $0.5 billion or 0.6 percent to $78.4 billion. Unfilled orders increased $5.0 billion or 

0.8 percent to $620.2 billion. Inventories increased $1.0 billion or 0.5 percent to $210.1 billion. Defense 

new orders for capital goods in April increased $0.3 billion or 2.5 percent to $13.4 billion. Shipments 

decreased $0.2 billion or 1.6 percent to $13.6 billion. Unfilled orders decreased $0.2 billion or 0.1 percent 

to $185.8 billion. Inventories increased $0.2 billion or 0.7 percent to $22.2 billion.

Revised and Recently Benchmarked March Data

Revised seasonally adjusted March figures for all manufacturing industries were: new orders, $531.2

billion (revised from $531.4 billion); shipments, $531.0 billion (revised from $530.6 billion); unfilled orders, 

$1,100.8 billion (revised from $1,101.4 billion) and total inventories, $781.6 billion (revised from $780.7

billion).

Revised and more detailed estimates, plus nondurable goods data, will be published on June 2, 2022, at

10:00 a.m. EDT. The Advance Report on durable goods for May is scheduled for release on June 27, 2022, 

at 8:30 a.m. EDT. View the full schedule in the Economic Briefing Room: <www.census.gov/economicindicators/>. The full text and tables of this release can be found at <www.census.gov/m3>.
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EXPLANATORY NOTES

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

exclude data for semiconductor manufacturing. 

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

decrease.

Description of the survey

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

revisions made later than two months will be reflected in the annual benchmark publication. Additional 
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survey documentation can be found on our web site: 

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

Special Notice - New Advance Estimates Of Total Manufacturing

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

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

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

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

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

Benchmark notice

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

issued on May 13, 2022. These revisions result from

• Benchmarking the M3 shipments and inventories data to the 2020 and 2019 Annual Survey of 

Manufactures (ASM) data; 

• Incorporating the unfilled orders-to-shipments ratios obtained for 2020, 2019, and 2018 from the 

Manufacturers’ Unfilled Orders (M3UFO) Survey;

• 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 spanned the seasonally adjusted data for January 2012 through March 2022 and the data 

not seasonally adjusted for January 2017 through March 2022. An updated Press Release contains revised 

monthly tables for January 2022 through March 2022.
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RESOURCES

API

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

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

before. 

<www.census.gov/developers/> 

FRED Mobile App

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

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

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

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

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

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

Seasonally Adjusted Not Seasonally Adjusted

Monthly Percent Change Monthly Year to Date

Item           Percent

Apr Mar Feb Mar ‐ Feb ‐ Jan ‐ Apr Mar Apr Change

2022 2 2022 r 2022 Apr 2 Mar r Feb 2022 2 2022 r 2021 2022 2021 2022/2021

DURABLE GOODS

   Total:               

               Shipments................................ 264,277 263,951 260,275 0.1 1.4 0.3 261,028 288,190 236,308 1,024,685 926,572 10.6

               New Orders

4

.............................. 265,326 264,153 262,494 0.4 0.6 ‐0.7 260,039 294,016 236,534 1,046,652 946,875 10.5

         Excluding transportation:

               Shipments................................ 181,748 181,438 179,837 0.2 0.9 0.6 179,422 194,125 164,079 702,106 631,640 11.2

               New Orders

4

.............................. 178,585 177,970 176,015 0.3 1.1 ‐0.3 178,096 193,970 167,937 702,088 646,624 8.6

         Excluding defense:

               Shipments................................ 248,660 248,166 244,313 0.2 1.6 0.2 246,247 270,622 221,710 963,889 868,755 11.0

               New Orders

4

.............................. 249,932 249,273 246,260 0.3 1.2 ‐1.4 246,842 274,127 224,008 987,503 884,779 11.6

    Manufacturing with unfilled orders:

               Shipments................................ 182,370 181,696 180,519 0.4 0.7 0.4 179,223 198,674 162,749 708,462 631,663 12.2

               New Orders.............................. 188,273 186,822 187,611 0.8 ‐0.4 ‐1.0 182,533 208,844 167,297 748,822 669,944 11.8

    Primary metals:

               Shipments................................ 20,895 20,704 20,002 0.9 3.5 0.1 21,408 22,415 18,036 82,717 72,439 14.2

               New Orders.............................. 20,911 20,781 20,120 0.6 3.3 ‐1.9 21,141 22,668 18,360 84,331 75,302 12.0

    Fabricated metal products:

               Shipments................................ 36,579 36,656 36,319 ‐0.2 0.9 0.5 36,619 38,625 32,840 142,811 124,359 14.8

               New Orders.............................. 36,928 36,949 36,534 ‐0.1 1.1 0.3 37,753 40,545 37,162 148,277 139,402 6.4

    Machinery:

               Shipments................................ 37,002 36,934 36,602 0.2 0.9 ‐0.8 36,811 41,468 32,928 145,446 126,153 15.3

               New Orders.............................. 37,736 37,369 37,155 1.0 0.6 ‐2.0 38,084 41,587 35,150 151,897 134,247 13.1

    Computers and electronic products

4

:

               Shipments................................ 28,387 28,246 28,331 0.5 ‐0.3 1.3 25,836 30,200 24,949 106,880 102,148 4.6

               New Orders.............................. 23,762 23,743 23,325 0.1 1.8 ‐1.8 21,665 27,266 20,987 90,552 86,627 4.5

         Computers and related products:

               Shipments................................ 1,833 1,845 1,837 ‐0.7 0.4 3.9 1,600 2,028 1,586 6,613 6,384 3.6

               New Orders.............................. 1,834 1,847 1,833 ‐0.7 0.8 4.4 1,601 2,030 1,571 6,600 6,376 3.5

         Communications equipment:

               Shipments................................ 3,217 3,173 3,274 1.4 ‐3.1 1.0 2,836 3,713 2,632 11,860 10,858 9.2

               New Orders.............................. 3,312 3,355 3,179 ‐1.3 5.5 ‐11.3 2,891 3,992 2,796 12,374 11,279 9.7

    Electrical equipment, appliances,    

       and components:                   

               Shipments................................ 13,185 13,266 13,020 ‐0.6 1.9 2.5 12,993 14,447 11,874 50,327 44,951 12.0

               New Orders.............................. 13,572 13,585 13,250 ‐0.1 2.5 3.1 13,607 14,831 12,404 52,553 47,880 9.8

    Transportation equipment:    

               Shipments................................ 82,529 82,513 80,438 0.0 2.6 ‐0.4 81,606 94,065 72,229 322,579 294,932 9.4

               New Orders.............................. 86,741 86,183 86,479 0.6 ‐0.3 ‐1.5 81,943 100,046 68,597 344,564 300,251 14.8

         Motor vehicles and parts:

               Shipments................................ 57,381 57,441 55,000 ‐0.1 4.4 ‐0.6 57,613 65,840 49,033 226,340 208,098 8.8

               New Orders.............................. 57,713 57,839 55,194 ‐0.2 4.8 ‐0.4 57,377 66,056 49,025 227,525 209,969 8.4

         Nondefense aircraft and parts5:

               Shipments................................ 10,259 9,989 10,061 2.7 ‐0.7 ‐1.6 9,684 11,416 9,235 37,687 32,359 16.5

               New Orders.............................. 14,536 13,933 15,162 4.3 ‐8.1 ‐16.4 11,974 15,367 7,396 59,862 32,055 86.7

         Defense aircraft and parts:

               Shipments................................ 5,315 5,363 5,533 ‐0.9 ‐3.1 6.5 4,821 6,039 4,977 20,109 20,297 ‐0.9

               New Orders.............................. 4,854 4,804 5,631 1.0 ‐14.7 41.9 4,141 5,923 4,182 18,001 20,738 ‐13.2

    All other durable goods:           

               Shipments................................ 45,700 45,632 45,563 0.1 0.2 0.8 45,755 46,970 43,452 173,925 161,590 7.6

               New Orders.............................. 45,676 45,543 45,631 0.3 ‐0.2 1.1 45,846 47,073 43,874 174,478 163,166 6.9

    Capital goods3

:

               Shipments................................ 92,014 91,723 91,548 0.3 0.2 0.4 88,499 102,160 82,164 354,482 319,602 10.9

               New Orders.............................. 96,782 96,093 97,707 0.7 ‐1.7 ‐2.2 90,904 110,061 82,905 385,503 337,998 14.1

           Nondefense capital goods:

               Shipments................................ 78,424 77,918 77,615 0.6 0.4 0.3 75,564 86,888 69,392 301,230 269,272 11.9

               New Orders.............................. 83,398 83,034 83,414 0.4 ‐0.5 ‐4.1 79,469 92,330 71,774 333,309 282,422 18.0

               Excluding aircraft:

                    Shipments........................... 72,076 71,539 71,388 0.8 0.2 0.8 69,637 79,473 63,200 278,480 248,772 11.9

                    New Orders.......................... 73,070 72,827 72,038 0.3 1.1 ‐0.2 71,091 81,005 66,870 288,224 261,962 10.0

           Defense capital goods:

               Shipments................................ 13,590 13,805 13,933 ‐1.6 ‐0.9 0.8 12,935 15,272 12,772 53,252 50,330 5.8

               New Orders.............................. 13,384 13,059 14,293 2.5 ‐8.6 10.6 11,435 17,731 11,131 52,194 55,576 ‐6.1

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, April Advance Report, May 25, 2022. 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

Apr Mar Feb Mar ‐ Feb ‐ Jan ‐ Apr Mar Apr 2022/

20222 2022r 2022 Apr 2 Mar r Feb 20222 2022r 2021 2021

DURABLE GOODS

   Total:                   

               Unfilled Orders4......................... 1,106,667 1,100,764 1,095,638 0.5 0.5 0.7 1,114,961 1,111,651 1,034,864 7.7

               Total Inventories....................... 479,350 475,708 471,327 0.8 0.9 0.5 482,291 476,549 437,089 10.3

         Excluding transportation:

               Unfilled Orders4

......................... 469,429 467,738 466,282 0.4 0.3 0.2 474,747 471,774 434,210 9.3

               Total Inventories....................... 322,384 319,890 317,307 0.8 0.8 0.7 325,430 321,356 287,619 13.1

         Excluding defense:

               Unfilled Orders4

........................... 898,411 892,285 886,254 0.7 0.7 0.8 904,820 899,926 817,537 10.7

               Total Inventories....................... 453,241 449,743 445,498 0.8 1.0 0.6 456,031 450,557 411,805 10.7

    Manufacturing with unfilled orders:

               Unfilled Orders......................... 1,106,667 1,100,764 1,095,638 0.5 0.5 0.7 1,114,961 1,111,651 1,034,864 7.7

               Total Inventories....................... 383,892 381,673 378,535 0.6 0.8 0.6 386,484 382,044 351,631 9.9

    Primary metals:

               Unfilled Orders......................... 31,367 31,351 31,274 0.1 0.2 0.4 31,859 32,126 29,220 9.0

               Total Inventories....................... 38,827 38,400 38,162 1.1 0.6 1.1 39,198 38,430 32,824 19.4

    Fabricated metal products:

               Unfilled Orders......................... 118,114 117,765 117,472 0.3 0.2 0.2 119,436 118,302 109,492 9.1

               Total Inventories....................... 61,580 61,291 61,122 0.5 0.3 0.2 62,269 61,627 54,374 14.5

    Machinery:     

               Unfilled Orders......................... 129,663 128,929 128,494 0.6 0.3 0.4 131,373 130,100 116,611 12.7

               Total Inventories....................... 81,146 80,480 79,268 0.8 1.5 1.2 81,896 81,483 70,349 16.4

    Computers and electronic products4

:

               Unfilled Orders......................... 139,943 139,714 139,293 0.2 0.3 ‐0.1 141,067 140,939 134,345 5.0

               Total Inventories....................... 51,653 51,418 51,148 0.5 0.5 ‐0.2 51,942 50,844 49,257 5.5

         Computers and related products:

               Unfilled Orders......................... 1,206 1,205 1,203 0.1 0.2 ‐0.3 1,206 1,205 1,369 ‐11.9

               Total Inventories....................... 3,801 3,774 3,702 0.7 1.9 ‐0.1 3,723 3,628 3,555 4.7

         Communications equipment:

               Unfilled Orders......................... 21,606 21,511 21,329 0.4 0.9 ‐0.4 21,856 21,801 18,469 18.3

               Total Inventories....................... 5,403 5,346 5,288 1.1 1.1 0.4 5,415 5,240 5,126 5.6

    Electrical equipment, appliances,    

        and components:                   

               Unfilled Orders......................... 38,490 38,103 37,784 1.0 0.8 0.6 39,027 38,413 33,555 16.3

               Total Inventories....................... 22,515 22,202 22,012 1.4 0.9 1.2 22,990 22,405 19,737 16.5

    Transportation equipment:    

               Unfilled Orders......................... 637,238 633,026 629,356 0.7 0.6 1.0 640,214 639,877 600,654 6.6

               Total Inventories....................... 156,966 155,818 154,020 0.7 1.2 0.1 156,861 155,193 149,470 4.9

         Motor vehicles and parts:

               Unfilled Orders......................... 28,511 28,179 27,781 1.2 1.4 0.7 28,932 29,168 25,572 13.1

               Total Inventories....................... 51,539 50,660 49,857 1.7 1.6 0.1 51,664 50,674 45,472 13.6

         Nondefense Aircraft and parts:

               Unfilled Orders......................... 426,358 422,081 418,137 1.0 0.9 1.2 427,508 425,218 384,042 11.3

               Total Inventories....................... 76,269 76,194 75,515 0.1 0.9 0.5 75,947 75,570 76,201 ‐0.3

         Defense Aircraft and parts:       

               Unfilled Orders......................... 55,685 56,146 56,705 ‐0.8 ‐1.0 0.2 56,450 57,130 60,504 ‐6.7

               Total Inventories....................... 12,768 12,736 12,668 0.3 0.5 ‐1.2 12,844 12,681 12,459 3.1

    All other durable goods:           

               Unfilled Orders......................... 11,852 11,876 11,965 ‐0.2 ‐0.7 0.6 11,985 11,894 10,987 9.1

               Total Inventories....................... 66,663 66,099 65,595 0.9 0.8 0.7 67,135 66,567 61,078 9.9

    Capital goods3

:

               Unfilled Orders......................... 806,040 801,272 796,902 0.6 0.5 0.8 811,192 808,787 754,140 7.6

               Total Inventories....................... 232,277 231,091 228,609 0.5 1.1 0.8 232,622 230,657 214,678 8.4

           Nondefense capital goods:

               Unfilled Orders......................... 620,202 615,228 610,112 0.8 0.8 1.0 623,707 619,802 559,989 11.4

               Total Inventories....................... 210,104 209,077 206,694 0.5 1.2 0.9 210,374 208,561 193,266 8.9

                Excluding aircraft:               

                    Unfilled Orders.................... 263,460 262,466 261,178 0.4 0.5 0.2 266,038 264,584 244,041 9.0

                    Total Inventories................... 144,263 143,337 141,611 0.6 1.2 1.1 145,086 143,537 128,334 13.1

           Defense capital goods:

               Unfilled Orders......................... 185,838 186,044 186,790 ‐0.1 ‐0.4 0.2 187,485 188,985 194,151 ‐3.4

               Total Inventories....................... 22,173 22,014 21,915 0.7 0.5 ‐0.8 22,248 22,096 21,412 3.9

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, April Advance Report, May 25, 2022. 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>.