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FOR RELEASE AT 8:30 AM EDT, WEDNESDAY, JULY 27, 2022 

MONTHLY ADVANCE REPORT ON DURABLE GOODS MANUFACTURERS’ SHIPMENTS, 

INVENTORIES AND ORDERS JUNE 2022 

Release Number: CB 22-123 M3-1 (22)-06 

July 27, 2022 — The U.S. Census Bureau announces the June advance report on durable goods 

manufacturers’ shipments, inventories and orders: 

New Orders 

New orders for manufactured durable goods in June increased $5.0 billion or 1.9 percent to $272.6 billion, 

the U.S. Census Bureau announced today. This increase, up eight of the last nine months, followed a 0.8 

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

new orders increased 0.4 percent. Transportation equipment, up three consecutive months, led the 

increase, $4.5 billion or 5.1 percent to $92.7 billion. 

Shipments

Shipments of manufactured durable goods in June, up thirteen of the last fourteen months, increased $0.7 

billion or 0.3 percent to $269.6 billion. This followed a 1.5 percent May increase. Computers and 

electronic products, up seven of the last eight months, led the increase, $0.4 billion or 1.4 percent to $29.0 

billion. 

DURABLE GOODS – NEW ORDERS 

JUNE 2022 $272.6 billion +1.9%° 

MAY 2022 

(revised) $267.6 billion +0.8%° 

Next release: August 24, 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, July 27, 

2022. -4.0%

-3.0%

-2.0%

-1.0%

0.0%

1.0%

2.0%

3.0%

4.0%

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

DURABLE GOODS NEW ORDERS 2021-2022

Seasonally Adjusted, Month-To-Month Percentage Change

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders, July 27, 2022.
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Unfilled Orders 

Unfilled orders for manufactured durable goods in June, up twenty-two consecutive months, increased 

$7.9 billion or 0.7 percent to $1,117.6 billion. This followed a 0.3 percent May increase. Transportation 

equipment, up sixteen of the last seventeen months, led the increase, $7.7 billion or 1.2 percent to $647.7 

billion. 

Inventories 

Inventories of manufactured durable goods in June, up seventeen consecutive months, increased $1.8 

billion or 0.4 percent to $484.8 billion. This followed a 0.6 percent May increase. Machinery, up twenty 

consecutive months, led the increase, $0.7 billion or 0.9 percent to $83.1 billion. 

Capital Goods 

Nondefense new orders for capital goods in June increased $0.1 billion or 0.1 percent to $84.2 billion. 

Shipments decreased $0.2 billion or 0.3 percent to $79.7 billion. Unfilled orders increased $4.5 billion or 

0.7 percent to $628.6 billion. Inventories increased $0.9 billion or 0.4 percent to $211.9 billion. Defense 

new orders for capital goods in June decreased $0.4 billion or 2.7 percent to $13.2 billion. Shipments 

decreased $0.2 billion or 1.6 percent to $13.7 billion. Unfilled orders decreased $0.5 billion or 0.3 percent 

to $185.0 billion. Inventories increased $0.3 billion or 1.3 percent to $22.6 billion. 

Revised May Data

Revised seasonally adjusted May figures for all manufacturing industries were: new orders, $544.4 billion 

(revised from $543.4 billion); shipments, $545.7 billion (revised from $544.4 billion); unfilled orders, 

$1,109.7 billion (revised from $1,110.0 billion) and total inventories, $798.3 billion (revised from $797.9 

billion). 

Revised and more detailed estimates, plus nondurable goods data, will be published on August 3, 2022, at 

10:00 a.m. EDT. The Advance Report on durable goods for July is scheduled for release on August 24, 

2022, at 8:30 a.m. EDT. 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 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 
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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>.

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”. 

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

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

2022 2 2022 r 2022 Jun 2 May r Apr 2022 2 2022 r 2021 2022 2021 2022/2021

DURABLE GOODS

 Total:

 Shipments................................ 269,640 268,904 264,912 0.3 1.5 0.3 292,955 268,468 259,630 1,586,360 1,420,685 11.7

 New Orders4.............................. 272,596 267,582 265,376 1.9 0.8 0.4 294,162 264,083 263,226 1,605,296 1,445,425 11.1

 Excluding transportation:

 Shipments................................ 184,571 183,801 181,887 0.4 1.1 0.2 199,062 185,007 179,308 1,086,172 975,277 11.4

 New Orders4.............................. 179,866 179,327 178,467 0.3 0.5 0.2 192,493 181,324 178,669 1,076,028 991,414 8.5

 Excluding defense:

 Shipments................................ 253,703 252,738 249,232 0.4 1.4 0.4 275,976 252,912 244,074 1,493,047 1,332,869 12.0

 New Orders4.............................. 252,925 251,825 249,953 0.4 0.7 0.2 272,333 250,507 247,317 1,510,758 1,355,646 11.4

 Manufacturing with unfilled orders:

 Shipments................................ 185,301 185,697 182,951 -0.2 1.5 0.7 203,042 185,886 180,894 1,097,774 974,284 12.7

 New Orders.............................. 193,217 189,283 188,269 2.1 0.5 0.7 209,044 185,788 189,109 1,144,194 1,025,851 11.5

 Primary metals:

 Shipments................................ 21,521 21,536 21,047 -0.1 2.3 1.6 22,581 22,029 19,345 127,419 109,683 16.2

 New Orders.............................. 21,141 21,378 20,962 -1.1 2.0 0.9 21,899 21,809 19,660 128,136 113,975 12.4

 Fabricated metal products:

 Shipments................................ 37,030 36,846 36,563 0.5 0.8 -0.3 39,353 37,723 34,849 219,874 192,020 14.5

 New Orders.............................. 36,912 36,802 36,891 0.3 -0.2 -0.3 38,810 38,557 36,626 225,809 211,166 6.9

 Machinery:

 Shipments................................ 37,714 37,600 37,068 0.3 1.4 0.3 41,413 38,071 36,578 224,934 195,608 15.0

 New Orders.............................. 38,150 38,243 37,763 -0.2 1.3 1.0 41,056 38,257 37,230 231,147 205,699 12.4

 Computers and electronic products4:

 Shipments................................ 28,993 28,582 28,408 1.4 0.6 0.6 31,508 26,925 28,881 165,315 156,533 5.6

 New Orders.............................. 24,134 23,784 23,741 1.5 0.2 0.0 26,656 22,174 24,816 139,364 132,584 5.1

 Computers and related products:

 Shipments................................ 1,942 1,849 1,834 5.0 0.8 -0.6 2,435 1,695 2,086 10,764 10,130 6.3

 New Orders.............................. 1,953 1,844 1,831 5.9 0.7 -0.9 2,446 1,690 2,081 10,753 10,092 6.5

 

 Communications equipment:

 Shipments................................ 3,289 3,260 3,229 0.9 1.0 1.8 4,058 3,000 3,602 18,918 17,154 10.3

 New Orders.............................. 3,200 3,275 3,346 -2.3 -2.1 -0.3 3,849 2,949 3,804 19,172 17,824 7.6

 Electrical equipment, appliances, 

 and components: 

 Shipments................................ 13,563 13,414 13,092 1.1 2.5 -1.3 14,942 13,405 13,055 78,541 69,773 12.6

 New Orders.............................. 13,713 13,377 13,464 2.5 -0.6 -0.9 14,862 13,513 13,687 80,844 74,111 9.1

 Transportation equipment: 

 Shipments................................ 85,069 85,103 83,025 0.0 2.5 0.6 93,893 83,461 80,322 500,188 445,408 12.3

 New Orders.............................. 92,730 88,255 86,909 5.1 1.5 0.8 101,669 82,759 84,557 529,268 454,011 16.6

 Motor vehicles and parts:

 Shipments................................ 59,521 58,696 57,708 1.4 1.7 0.4 62,783 58,230 51,933 347,538 308,278 12.7

 New Orders.............................. 59,598 58,703 58,006 1.5 1.2 0.2 62,211 57,913 51,943 347,888 310,215 12.1

 

 Nondefense aircraft and parts5:

 Shipments................................ 10,109 10,850 10,254 -6.8 5.8 2.7 14,410 9,914 13,534 61,923 53,979 14.7

 New Orders.............................. 14,147 14,452 14,329 -2.1 0.9 2.8 18,347 11,242 17,675 89,363 59,001 51.5

 Defense aircraft and parts:

 Shipments................................ 5,402 5,358 5,325 0.8 0.6 -0.7 5,959 5,150 5,548 31,220 30,855 1.2

 New Orders.............................. 9,760 5,403 4,923 80.6 9.8 2.4 10,488 4,357 4,897 32,853 29,333 12.0

 All other durable goods: 

 Shipments................................ 45,750 45,823 45,709 -0.2 0.2 0.1 49,265 46,854 46,600 270,089 251,660 7.3

 New Orders.............................. 45,816 45,743 45,646 0.2 0.2 0.2 49,210 47,014 46,650 270,728 253,879 6.6

 Capital goods3:

 Shipments................................ 93,393 93,861 92,164 -0.5 1.8 0.5 105,011 91,669 95,059 551,187 495,993 11.1

 New Orders.............................. 97,383 97,636 96,671 -0.3 1.0 0.6 108,928 91,706 101,451 586,156 521,092 12.5

 Nondefense capital goods:

 Shipments................................ 79,698 79,938 78,552 -0.3 1.8 0.8 90,658 78,137 81,640 470,070 419,571 12.0

 New Orders.............................. 84,182 84,071 83,294 0.1 0.9 0.3 94,144 79,788 87,286 507,283 440,894 15.1

 Excluding aircraft:

 Shipments........................... 73,391 72,889 72,144 0.7 1.0 0.8 80,375 71,869 71,656 430,769 383,942 12.2

 New Orders.......................... 73,878 73,478 73,115 0.5 0.5 0.4 79,818 72,132 73,161 440,216 399,994 10.1

 Defense capital goods:

 Shipments................................ 13,695 13,923 13,612 -1.6 2.3 -1.3 14,353 13,532 13,419 81,117 76,422 6.1

 New Orders.............................. 13,201 13,565 13,377 -2.7 1.4 2.5 14,784 11,918 14,165 78,873 80,198 -1.7

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, June Advance Report, July 27, 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

Jun May Apr May - Apr - Mar - Jun May Jun 2022/

2022 2 2022 r 2022 Jun2 May r Apr 2022 2 2022 r 2021 2021

DURABLE GOODS

 Total:

 Unfilled Orders4......................... 1,117,614 1,109,698 1,106,112 0.7 0.3 0.5 1,121,021 1,115,019 1,048,150 7.0

 Total Inventories....................... 484,804 483,048 480,051 0.4 0.6 0.9 483,966 487,403 443,137 9.2

 Excluding transportation:

 Unfilled Orders4......................... 469,879 469,624 469,190 0.1 0.1 0.3 473,712 475,486 444,212 6.6

 Total Inventories....................... 327,370 325,774 323,159 0.5 0.8 1.0 327,860 329,631 292,913 11.9

 Excluding defense:

 Unfilled Orders4........................... 906,068 901,886 897,891 0.5 0.4 0.6 908,008 906,856 833,139 9.0

 Total Inventories....................... 458,282 456,845 453,923 0.3 0.6 0.9 457,364 461,021 418,055 9.4

 Manufacturing with unfilled orders:

 Unfilled Orders......................... 1,117,614 1,109,698 1,106,112 0.7 0.3 0.5 1,121,021 1,115,019 1,048,150 7.0

 Total Inventories....................... 388,503 386,703 384,336 0.5 0.6 0.7 388,789 390,321 356,979 8.9

 Primary metals:

 Unfilled Orders......................... 30,725 31,105 31,263 -1.2 -0.5 -0.3 30,962 31,644 30,649 1.0

 Total Inventories....................... 39,354 39,396 38,929 -0.1 1.2 1.3 39,204 39,869 33,836 15.9

 Fabricated metal products:

 Unfilled Orders......................... 117,952 118,070 118,114 -0.1 0.0 0.3 119,905 120,448 113,595 5.6

 Total Inventories....................... 62,432 62,232 61,795 0.3 0.7 0.8 62,717 63,041 55,955 12.1

 Machinery: 

 Unfilled Orders......................... 130,702 130,266 129,623 0.3 0.5 0.5 131,135 131,492 118,608 10.6

 Total Inventories....................... 83,052 82,338 81,336 0.9 1.2 1.1 83,176 83,358 71,678 16.0

 Computers and electronic products4:

 Unfilled Orders......................... 140,112 140,011 139,901 0.1 0.1 0.1 140,535 140,592 134,766 4.3

 Total Inventories....................... 52,018 51,746 51,686 0.5 0.1 0.5 52,036 52,344 49,689 4.7

 Computers and related products:

 Unfilled Orders......................... 1,208 1,197 1,202 0.9 -0.4 -0.2 1,208 1,197 1,339 -9.8

 Total Inventories....................... 3,901 3,889 3,827 0.3 1.6 1.4 3,969 4,000 3,669 8.2

 

 Communications equipment:

 Unfilled Orders......................... 21,554 21,643 21,628 -0.4 0.1 0.5 21,596 21,805 18,718 15.4

 Total Inventories....................... 5,388 5,338 5,388 0.9 -0.9 0.8 5,369 5,448 5,183 3.6

 Electrical equipment, appliances, 

 and components: 

 Unfilled Orders......................... 38,596 38,446 38,483 0.4 -0.1 1.0 39,104 39,184 34,964 11.8

 Total Inventories....................... 22,874 22,806 22,527 0.3 1.2 1.4 23,084 23,250 19,960 15.7

 Transportation equipment: 

 Unfilled Orders......................... 647,735 640,074 636,922 1.2 0.5 0.6 647,309 639,533 603,938 7.2

 Total Inventories....................... 157,434 157,274 156,892 0.1 0.2 0.7 156,106 157,772 150,224 3.9

 Motor vehicles and parts:

 Unfilled Orders......................... 28,570 28,493 28,486 0.3 0.0 1.1 28,097 28,669 25,638 9.6

 Total Inventories....................... 51,455 51,759 51,522 -0.6 0.5 1.7 50,628 52,036 46,184 9.6

 

 Nondefense Aircraft and parts:

 Unfilled Orders......................... 433,796 429,758 426,156 0.9 0.8 1.0 432,773 428,836 389,368 11.1

 Total Inventories....................... 76,063 76,012 76,156 0.1 -0.2 0.0 75,640 76,150 76,360 -0.9

 Defense Aircraft and parts: 

 Unfilled Orders......................... 60,148 55,790 55,745 7.8 0.1 -0.7 60,191 55,662 58,541 2.8

 Total Inventories....................... 13,008 12,766 12,764 1.9 0.0 0.2 12,999 12,811 12,431 4.6

 All other durable goods: 

 Unfilled Orders......................... 11,792 11,726 11,806 0.6 -0.7 -0.5 12,071 12,126 11,630 3.8

 Total Inventories....................... 67,640 67,256 66,886 0.6 0.6 1.2 67,643 67,769 61,795 9.5

 Capital goods3:

 Unfilled Orders......................... 813,542 809,552 805,777 0.5 0.5 0.6 815,140 811,223 760,843 7.1

 Total Inventories....................... 234,428 233,184 232,305 0.5 0.4 0.5 234,910 235,303 217,941 7.8

 Nondefense capital goods:

 Unfilled Orders......................... 628,587 624,103 619,970 0.7 0.7 0.8 628,841 625,355 568,162 10.7

 Total Inventories....................... 211,861 210,917 210,109 0.4 0.4 0.5 212,254 212,902 196,703 7.9

 Excluding aircraft: 

 Unfilled Orders.................... 264,513 264,026 263,437 0.2 0.2 0.4 265,741 266,298 246,903 7.6

 Total Inventories................... 146,436 145,433 144,396 0.7 0.7 0.7 147,060 147,438 130,946 12.3

 Defense capital goods:

 Unfilled Orders......................... 184,955 185,449 185,807 -0.3 -0.2 -0.1 186,299 185,868 192,681 -3.3

 Total Inventories....................... 22,567 22,267 22,196 1.3 0.3 0.8 22,656 22,401 21,238 6.7

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, June Advance Report, July 27, 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>.