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FOR RELEASE AT 10:00 AM EDT, TUESDAY, APRIL 2, 2024 

MONTHLY FULL REPORT ON MANUFACTURERS’ SHIPMENTS, INVENTORIES AND ORDERS 

FEBRUARY 2024 

Release Number: CB 24-51 M3-2 (24)-02 

April 2, 2024 — The U.S. Census Bureau announces the February full report on manufacturers’ shipments, 

inventories and orders:

MANUFACTURED GOODS – NEW ORDERS

FEBRUARY 2024 $576.8 billion +1.4%°

JANUARY 2024 

(revised) $568.6 billion -3.8%°

Next release: May 2, 2024

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, April 2, 2024. 

Summary

New orders for manufactured goods in February, up following two consecutive monthly decreases, 

increased $8.2 billion or 1.4 percent to $576.8 billion, the U.S. Census Bureau reported today. This 

followed a 3.8 percent January decrease. Shipments, also up following two consecutive monthly 

decreases, increased $8.0 billion or 1.4 percent to $581.6 billion. This followed a 0.8 percent January

decrease. Unfilled orders, up eleven of the last twelve months, increased $0.1 billion or virtually 

unchanged to $1,392.8 billion. This followed a virtually unchanged January decrease. The unfilled ordersto-shipments ratio was 7.10, down from 7.17 in January. Inventories, up following two consecutive 

monthly decreases, increased $2.3 billion or 0.3 percent to $857.7 billion. This followed a 0.1 percent 

January decrease. The inventories-to-shipments ratio was 1.47, down from 1.49 in January. 

New Orders

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

decreases, increased $3.5 billion or 1.3 percent to $277.7 billion, down from the previously published 1.4

percent increase. This followed a 6.9 percent January decrease. Transportation equipment, also up

0.6% 0.3% 0.4%

2.3%

-2.1%

1.0%

2.3%

-3.4%

2.6%

-0.3%

-3.8%

1.4%

-5.0%

-4.0%

-3.0%

-2.0%

-1.0%

0.0%

1.0%

2.0%

3.0%

4.0%

Mar-23 Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 Oct-23 Nov-23 Dec-23 Jan-24 Feb-24

MANUFACTURERS' NEW ORDERS 2023-2024

Seasonally Adjusted, Month-To-Month Percentage Change

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders, April 2, 2024.
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following two consecutive monthly decreases, led the increase, $2.9 billion or 3.3 percent to $90.4 billion. 

New orders for manufactured nondurable goods increased $4.7 billion or 1.6 percent to $299.0 billion.

Shipments

Shipments of manufactured durable goods in February, up following two consecutive monthly decreases, 

increased $3.3 billion or 1.2 percent to $282.6 billion, unchanged from the previously published increase. 

This followed a 0.7 percent January decrease. Transportation equipment, also up following two 

consecutive monthly decreases, drove the increase, $3.5 billion or 4.0 percent to $89.8 billion. Shipments 

of manufactured nondurable goods, up following four consecutive monthly decreases, increased $4.7

billion or 1.6 percent to $299.0 billion. This followed a 0.8 percent January decrease. Petroleum and coal

products, also up following four consecutive monthly decreases, led the increase, $4.0 billion or 6.3

percent to $67.8 billion.

Unfilled Orders

Unfilled orders for manufactured durable goods in February, up eleven of the last twelve months,

increased $0.1 billion or virtually unchanged to $1,392.8 billion, unchanged from the previously published

increase. This followed a virtually unchanged January decrease. Transportation equipment, up fourteen

of the last fifteen months, drove the increase, $0.6 billion or 0.1 percent to $898.0 billion.

Inventories

Inventories of manufactured durable goods in February, up seven consecutive months, increased $1.7

billion or 0.3 percent to $528.7 billion, unchanged from the previously published increase. This followed a 

0.1 percent January increase. Transportation equipment, also up seven consecutive months, led the 

increase, $1.2 billion or 0.7 percent to $170.1 billion. Inventories of manufactured nondurable goods, up

following four consecutive monthly decreases, increased $0.6 billion or 0.2 percent to $329.1 billion. This 

followed a 0.6 percent January decrease. Petroleum and coal products, also up following four consecutive

monthly decreases, led the increase, $0.4 billion or 0.9 percent to $47.7 billion. By stage of fabrication, 

February materials and supplies increased 0.2 percent in durable goods and decreased 0.8 percent in

nondurable goods. Work in process increased 0.3 percent in durable goods and 1.9 percent in nondurable 

goods. Finished goods increased 0.5 percent in durable goods and 0.2 percent in nondurable goods.

The Advance Report on durable goods for March is scheduled for release on April 24, 2024, at 8:30 a.m.

EDT and the Full Report on May 2, 2024, at 10:00 a.m. EDT. View the full schedule in the Economic
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Briefing Room: <www.census.gov/economic-indicators/>. The full text and tables of this release can be

found at <www.census.gov/m3>.

EXPLANATORY NOTES

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

exclude data for semiconductor manufacturing. 

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

decrease.

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

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

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

Description of the survey 

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

shipments for manufacturing establishments in the 2017 Economic Census. Statistics based on the M3 
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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 survey documentation can be found on our web site: 

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

Notice of Revisions and Changes Due to Updated Seasonal Adjustment Models:

On May 14, 2024, monthly seasonally adjusted data for Manufacturers’ Shipments, Inventories, and 

Orders will be revised for January 2012 through March 2024. There will be no accompanying press release 

containing revised seasonally adjusted data for January through March of 2024, and historical data not 

seasonally adjusted will be unchanged. These revisions to the historical seasonally adjusted data will be 

based on the results of the recent annual review of the seasonal adjustment models. These results of the 

annual seasonal review will be used to produce seasonally adjusted data from the Manufacturers’ 

Shipments, Inventories, and Orders Survey, beginning with the April 2024 Advance Report on Durable 

Goods scheduled for release on May 24, 2024, and the Full Report scheduled for release on June 4, 2024. 

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/>.
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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

Feb. Jan. Dec. Jan. - Dec. - Nov. - Feb. Jan. Dec. Feb. 2024/

2024p 2024r 2023 Feb. Jan. Dec. 2024p 2024r 2023 2023 2024p 2023 2023

 All manufacturing industries.................. 581,575 573,578 578,048 1.4 -0.8 -0.5 556,202 538,557 561,939 535,019 1,094,759 1,075,835 1.8

 Excluding transportation................... 491,755 487,236 488,827 0.9 -0.3 -0.3 468,893 460,747 471,618 452,928 929,640 916,467 1.4

 Excluding defense.............................. 564,971 557,130 562,019 1.4 -0.9 -0.4 539,572 524,660 544,453 520,451 1,064,232 1,048,508 1.5

 With unfilled orders............................ 196,225 194,254 196,328 1.0 -1.1 -0.7 190,257 179,857 194,076 179,930 370,114 354,916 4.3

 Durable goods industries......................... 282,561 279,237 281,317 1.2 -0.7 -0.6 272,740 257,216 275,582 259,423 529,956 512,440 3.4

 Wood products....................................... 13,357 13,493 13,287 -1.0 1.6 -0.1 12,619 11,743 11,473 12,244 24,362 23,856 2.1

 Nonmetallic mineral products.................... 13,293 13,089 13,113 1.6 -0.2 -1.5 11,885 11,590 11,141 11,516 23,475 23,297 0.8

 Primary metals....................................... 26,534 26,375 26,581 0.6 -0.8 -0.4 26,698 26,368 23,721 25,799 53,066 52,132 1.8

 Iron and steel mills............................ 14,822 14,774 15,074 0.3 -2.0 1.4 14,777 14,935 13,355 14,128 29,712 28,573 4.0

 Aluminum and nonferrous metals.......... 10,087 9,969 9,874 1.2 1.0 -2.8 10,277 9,839 8,995 10,027 20,116 20,306 -0.9

 Ferrous metal foundries....................... 1,625 1,632 1,633 -0.4 -0.1 -2.2 1,644 1,594 1,371 1,644 3,238 3,253 -0.5

 Fabricated metal products....................... 36,445 36,256 36,383 0.5 -0.3 0.1 35,529 34,549 33,321 33,132 70,078 66,203 5.9

 Machinery............................................. 37,756 38,045 37,648 -0.8 1.1 -0.6 36,797 35,041 37,019 35,446 71,838 69,207 3.8

 Farm machinery................................. 2,641 2,467 2,336 7.1 5.6 -2.2 2,883 2,225 1,960 2,516 5,108 4,756 7.4

 Construction machinery..................... 4,413 4,491 4,456 -1.7 0.8 0.7 4,371 4,191 3,940 3,968 8,562 7,784 10.0

 Mining, oil field, and 

 gas field machinery.......................... 1,599 1,626 1,638 -1.7 -0.7 -6.7 1,535 1,562 1,818 1,774 3,097 3,276 -5.5

 Industrial machinery.......................... 3,859 4,108 3,783 -6.1 8.6 -3.0 3,287 3,584 4,351 3,261 6,871 6,525 5.3

 Photographic equipment...................... 663 641 649 3.4 -1.2 5.2 623 554 716 550 1,177 1,073 9.7

 Ventilation, heating, air-conditioning,

 and refrigeration equipment............ 5,219 5,149 5,130 1.4 0.4 -0.8 4,643 4,299 4,643 4,039 8,942 7,947 12.5

 Metalworking machinery..................... 2,771 2,863 2,645 -3.2 8.2 -2.5 2,694 2,715 2,869 2,651 5,409 5,188 4.3

 Turbines, generators, and other

 power transmission equipment....... 3,701 3,736 3,911 -0.9 -4.5 1.1 3,831 3,648 3,593 3,858 7,479 7,425 0.7

 Material handling equipment............... 3,994 4,067 4,104 -1.8 -0.9 0.9 3,973 3,930 4,131 3,666 7,903 7,278 8.6

 Computers and electronic products2.......... 29,767 29,721 29,646 0.2 0.3 -0.4 27,614 27,020 32,780 26,514 54,634 53,407 2.3

 Computers........................................ 998 975 933 2.4 4.5 -0.6 848 832 1,015 636 1,680 1,333 26.0

 Computer storage devices..................... 436 429 392 1.6 9.4 -3.7 348 375 487 273 723 597 21.1

 Other peripheral equipment................ 829 812 758 2.1 7.1 0.8 698 747 933 602 1,445 1,320 9.5

 Nondefense communications

 equipment.................................... 2,838 2,820 2,816 0.6 0.1 -0.5 2,457 2,259 3,793 2,404 4,716 4,729 -0.3

 Defense communications equipment.... 194 199 197 -2.5 1.0 -2.0 190 162 194 202 352 371 -5.1

 Audio and video equipment.................... 523 548 486 -4.6 12.8 -3.2 445 472 566 324 917 726 26.3

 Electronic components......................... 5,102 5,059 5,027 0.8 0.6 1.8 4,975 4,757 5,018 4,492 9,732 8,865 9.8

 Nondefense search and navigation

 equipment...................................... 1,602 1,641 1,635 -2.4 0.4 0.0 1,565 1,474 1,769 1,529 3,039 2,965 2.5

 Defense search and navigation

 equipment..................................... 3,417 3,397 3,363 0.6 1.0 -1.5 3,405 2,833 3,659 3,054 6,238 5,730 8.9

 Electromedical, measuring,

 and control instruments................. 8,803 8,885 9,067 -0.9 -2.0 0.0 7,766 7,673 10,690 7,801 15,439 15,370 0.4

 Electrical equipment, appliances, 

 and components................................... 14,279 14,547 14,112 -1.8 3.1 -0.2 13,684 12,987 13,621 12,765 26,671 25,124 6.2

 Electric lighting equipment..................... 1,346 1,345 1,327 0.1 1.4 -1.3 1,267 1,244 1,271 1,151 2,511 2,292 9.6

 Household appliances........................ 2,362 2,325 2,366 1.6 -1.7 2.2 2,191 1,898 2,530 2,081 4,089 4,061 0.7

 Electrical equipment............................ 4,718 4,957 4,624 -4.8 7.2 -2.6 4,609 4,374 4,404 4,178 8,983 8,215 9.3

 Batteries........................................... 1,365 1,370 1,323 -0.4 3.6 2.0 1,282 1,252 1,306 1,160 2,534 2,251 12.6

 Transportation equipment........................ 89,820 86,342 89,221 4.0 -3.2 -1.1 87,309 77,810 90,321 82,091 165,119 159,368 3.6

 Automobiles..................................... 9,620 9,234 9,133 4.2 1.1 -2.8 9,237 8,045 8,580 8,183 17,282 15,170 13.9

 Light trucks and utility vehicles.............. 19,990 19,484 19,688 2.6 -1.0 -0.4 19,134 17,329 20,531 19,335 36,463 38,164 -4.5

 Heavy duty trucks ............................. 3,283 3,127 3,331 5.0 -6.1 9.8 3,189 2,896 2,966 2,681 6,085 5,373 13.3

 Motor vehicle bodies, parts, 

 and trailers.................................... 28,881 29,000 29,006 -0.4 0.0 0.2 29,713 28,305 24,999 28,689 58,018 56,064 3.5

 Nondefense aircraft and parts................ 12,138 9,886 12,926 22.8 -23.5 -7.0 9,960 7,978 17,015 8,282 17,938 16,644 7.8

 Defense aircraft and parts.................. 5,061 4,963 4,840 2.0 2.5 -1.2 4,862 4,171 5,087 4,266 9,033 8,248 9.5

 Ships and boats................................. 3,563 3,416 3,443 4.3 -0.8 -3.9 3,783 2,792 3,457 3,921 6,575 7,113 -7.6

 Furniture and related products.................. 6,814 6,860 6,729 -0.7 1.9 -0.3 6,777 6,422 6,544 6,590 13,199 13,052 1.1

 Miscellaneous durable goods................. 14,496 14,509 14,597 -0.1 -0.6 0.0 13,828 13,686 15,641 13,326 27,514 26,794 2.7

 Nondurable goods industries..................... 299,014 294,341 296,731 1.6 -0.8 -0.3 283,462 281,341 286,357 275,596 564,803 563,395 0.2

 Food products....................................... 79,689 79,826 80,113 -0.2 -0.4 0.3 79,734 77,586 78,341 77,142 157,320 154,327 1.9

 Grain and oilseed milling....................... 9,493 9,509 9,674 -0.2 -1.7 -0.7 9,596 9,602 9,242 9,833 19,198 19,923 -3.6

 Dairy products.................................. 11,645 11,612 11,653 0.3 -0.4 1.6 11,362 11,468 11,601 11,023 22,830 22,674 0.7

 Meat, poultry, and seafood products... 23,725 23,833 24,247 -0.5 -1.7 0.7 23,742 22,502 23,338 23,169 46,244 46,020 0.5

 Beverage and tobacco products................ 18,552 18,494 18,237 0.3 1.4 0.8 17,808 17,583 17,772 15,574 35,391 31,278 13.1

 Beverages......................................... 11,428 11,363 11,272 0.6 0.8 3.7 10,684 10,452 10,807 9,650 21,136 19,327 9.4

 Tobacco............................................ 7,124 7,131 6,965 -0.1 2.4 -3.5 7,124 7,131 6,965 5,924 14,255 11,951 19.3

 Textile mills........................................... 2,038 2,048 2,065 -0.5 -0.8 -0.5 2,065 1,911 1,831 2,098 3,976 4,106 -3.2

 Textile products................................... 2,008 1,981 1,960 1.4 1.1 0.7 1,980 1,799 1,782 1,998 3,779 3,849 -1.8

 Apparel................................................ 829 786 800 5.5 -1.8 -0.1 808 746 828 805 1,554 1,640 -5.2

 Leather and allied products...................... 574 559 539 2.7 3.7 2.3 571 529 532 469 1,100 952 15.5

 Paper products...................................... 17,178 17,167 17,169 0.1 0.0 -0.5 16,846 17,175 16,346 16,510 34,021 33,769 0.7

 Pulp, paper, and paperboard mills....... 6,805 6,799 6,818 0.1 -0.3 -0.9 6,622 6,903 6,593 6,564 13,525 13,630 -0.8

 Paperboard containers........................ 6,345 6,329 6,289 0.3 0.6 -0.1 6,177 6,342 5,716 5,882 12,519 12,046 3.9

 Printing................................................. 7,203 7,217 7,164 -0.2 0.7 0.1 6,907 7,042 6,902 6,777 13,949 13,824 0.9

 Petroleum and coal products.................. 67,799 63,799 65,584 6.3 -2.7 -1.6 56,909 57,899 61,907 58,993 114,808 127,036 -9.6

 Petroleum refineries.......................... 62,748 58,891 60,539 6.5 -2.7 -1.7 52,714 53,858 57,609 55,160 106,572 119,319 -10.7

 Chemical products..................................... 78,203 77,566 77,975 0.8 -0.5 -0.5 75,788 75,015 77,154 72,339 150,803 146,110 3.2

 Pesticides, fertilizers, and other

 agricultural chemicals....................... 4,041 4,063 4,182 -0.5 -2.8 -0.8 4,498 3,953 4,333 4,128 8,451 7,933 6.5

 Pharmaceuticals and medicines............. 26,161 25,550 25,440 2.4 0.4 0.9 24,541 24,918 26,240 22,217 49,459 45,443 8.8

 Paints, coatings, and adhesives.......... 4,174 4,113 4,159 1.5 -1.1 -0.8 3,930 3,756 3,468 3,807 7,686 7,545 1.9

 Plastics and rubber products.................. 24,941 24,898 25,125 0.2 -0.9 0.6 24,046 24,056 22,962 22,891 48,102 46,504 3.4

Year to date

p

 Preliminary 

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

1

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

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

parameters. Estimates are not adjusted for price changes. 

2

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

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

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

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

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, February Full Report, April 2, 2024. 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

Feb. Jan. Dec. Jan. - Dec. - Nov. - Feb. Jan. Dec. Feb. 2024/

2024p 2024r 2023 Feb. Jan. Dec. 2024p 2024r 2023 2023 2024p 2023 2023

All manufacturing industries2........................ 576,760 568,570 591,153 1.4 -3.8 -0.3 551,800 533,863 586,326 532,423 1,085,663 1,075,032 1.0

 Excluding transportation2...................... 486,351 481,073 484,011 1.1 -0.6 -0.3 466,577 458,841 467,448 450,774 925,418 912,968 1.4

 Excluding defense2.............................. 562,638 552,636 577,131 1.8 -4.2 -0.2 538,198 521,121 567,328 518,089 1,059,319 1,047,287 1.1

 With unfilled orders2............................. 196,287 194,052 214,255 1.2 -9.4 -0.3 190,626 180,455 222,964 182,385 371,081 365,221 1.6

 Durable goods industries2......................... 277,746 274,229 294,422 1.3 -6.9 -0.3 268,338 252,522 299,969 256,827 520,860 511,637 1.8

 Primary metals........................................ 26,524 26,346 26,772 0.7 -1.6 0.3 27,501 26,801 24,726 26,530 54,302 53,110 2.2

 Iron and steel mills.............................. 14,918 14,679 15,053 1.6 -2.5 1.3 15,418 14,938 13,914 14,652 30,356 29,075 4.4

 Aluminum and nonferrous metals.......... 9,988 10,097 9,859 -1.1 2.4 -2.3 10,435 10,248 9,078 10,176 20,683 20,715 -0.2

 Ferrous metal foundries....................... 1,618 1,570 1,860 3.1 -15.6 6.7 1,648 1,615 1,734 1,702 3,263 3,320 -1.7

 Fabricated metal products........................ 36,203 35,931 36,400 0.8 -1.3 0.1 36,217 35,329 32,422 33,820 71,546 67,735 5.6

 Machinery............................................. 37,594 36,928 37,225 1.8 -0.8 -0.4 37,473 36,362 36,168 36,279 73,835 72,766 1.5

 Construction machinery........................ 4,165 4,158 4,246 0.2 -2.1 -3.1 4,281 4,333 3,948 3,740 8,614 7,781 10.7

 Mining, oil field, and

 gas field machinery.......................... 1,822 1,619 1,652 12.5 -2.0 8.6 1,758 1,555 1,832 1,803 3,313 3,319 -0.2

 Industrial machinery............................ 3,631 3,547 3,752 2.4 -5.5 -1.9 3,005 3,641 4,069 3,228 6,646 7,600 -12.6

 Photographic equipment....................... 594 572 582 3.8 -1.7 -3.2 660 505 537 787 1,165 1,323 -11.9

 Ventilation, heating, air-conditioning,

 and refrigeration equipment............... 5,360 5,070 5,286 5.7 -4.1 3.0 5,029 4,550 4,951 4,135 9,579 8,525 12.4

 Metalworking machinery....................... 2,833 2,871 2,569 -1.3 11.8 -0.3 2,845 2,913 2,650 2,967 5,758 5,632 2.2

 Turbines, generators, and other 

 power transmission equipment........... 3,937 3,948 3,849 -0.3 2.6 -4.8 4,067 3,860 3,531 3,886 7,927 7,276 8.9

 Material handling equipment.................. 3,994 4,031 4,076 -0.9 -1.1 2.1 3,979 4,049 4,325 3,767 8,028 7,674 4.6

 Computers and electronic products2........... 24,789 25,132 24,879 -1.4 1.0 0.1 22,729 21,935 29,646 21,339 44,664 42,159 5.9

 Computers........................................ 1,034 981 936 5.4 4.8 0.3 884 838 1,018 630 1,722 1,348 27.7

 Nondefense communications

 equipment...................................... 2,750 2,791 3,071 -1.5 -9.1 1.6 2,483 2,106 4,546 2,415 4,589 4,713 -2.6

 Defense communications equipment....... 194 200 200 -3.0 0.0 -1.5 188 165 208 202 353 374 -5.6

 Electronic components......................... 5,040 4,989 4,898 1.0 1.9 0.7 4,908 4,786 5,128 4,352 9,694 8,710 11.3

 Nondefense search and navigation

 equipment...................................... 1,694 1,711 1,767 -1.0 -3.2 -2.2 1,633 1,571 1,855 1,612 3,204 3,187 0.5

 Defense search and navigation

 equipment...................................... 3,327 3,656 3,226 -9.0 13.3 2.7 3,217 2,933 4,020 2,968 6,150 5,399 13.9

 Electromedical, measuring,

 and control instruments..................... 8,814 8,865 8,995 -0.6 -1.4 -0.9 7,779 7,798 10,730 7,815 15,577 15,492 0.5

 Electrical equipment, appliances, 

 and components................................... 14,273 14,585 14,194 -2.1 2.8 0.1 13,810 13,490 13,649 13,299 27,300 26,380 3.5

 Electric lighting equipment..................... 1,334 1,391 1,326 -4.1 4.9 3.1 1,261 1,322 1,206 1,192 2,583 2,307 12.0

 Household appliances.......................... 2,597 2,493 2,415 4.2 3.2 0.2 2,221 2,046 2,639 2,060 4,267 4,070 4.8

 Electrical equipment............................ 4,589 4,861 4,721 -5.6 3.0 -0.5 4,603 4,602 4,460 4,443 9,205 9,112 1.0

 Transportation equipment........................ 90,409 87,497 107,142 3.3 -18.3 -0.6 85,223 75,022 118,878 81,649 160,245 162,064 -1.1

 Motor vehicle bodies, parts, 

 and trailers..................................... 28,874 28,796 28,798 0.3 0.0 0.3 30,467 28,588 25,643 29,754 59,055 57,674 2.4

 Nondefense aircraft and parts................ 15,200 12,199 33,411 24.6 -63.5 1.0 10,023 6,376 44,137 6,942 16,399 17,128 -4.3

 Defense aircraft and parts.................... 4,646 4,233 4,246 9.8 -0.3 -1.2 3,905 3,696 5,874 3,638 7,601 8,526 -10.8

 Ships and boats.................................. 1,931 3,071 2,676 -37.1 14.8 -16.3 3,360 2,991 2,915 4,739 6,351 8,940 -29.0

 Furniture and related products................... 6,800 6,729 6,829 1.1 -1.5 -0.8 7,045 6,574 6,241 6,877 13,619 13,604 0.1

 Nondurable goods industries..................... 299,014 294,341 296,731 1.6 -0.8 -0.3 283,462 281,341 286,357 275,596 564,803 563,395 0.2

Year to date

p

 Preliminary 

r

 Revised data due to late receipts and concurrent seasonal adjustment. 

1

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

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

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

2

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

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

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

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

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, February Full Report, April 2, 2024. 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 February

Feb. Jan. Dec. Jan. - Dec. - Nov. - Feb. Jan. Dec. Feb. 2024/

2024p 2024r 2023 Feb. Jan. Dec. 2024p 2024r 2023 2023 2023

All manufacturing industries2...................... 1,392,826 1,392,764 1,392,966 0.0 0.0 1.3 1,394,178 1,393,809 1,393,211 1,280,601 8.9

 Excluding transportation2

...................... 494,790 495,317 496,674 -0.1 -0.3 0.0 495,724 493,269 489,883 499,993 -0.9

 Excluding defense2............................. 1,154,930 1,152,386 1,152,074 0.2 0.0 1.8 1,156,747 1,153,350 1,151,597 1,045,455 10.6

 Durable goods industries2........................ 1,392,826 1,392,764 1,392,966 0.0 0.0 1.3 1,394,178 1,393,809 1,393,211 1,280,601 8.9

 Primary metals........................................ 38,591 38,601 38,630 0.0 -0.1 0.5 39,547 38,744 38,311 38,744 2.1

 Iron and steel mills............................... 23,583 23,487 23,582 0.4 -0.4 -0.1 24,030 23,389 23,386 22,963 4.6

 Aluminum and nonferrous metals............. 10,101 10,200 10,072 -1.0 1.3 -0.1 10,504 10,346 9,937 11,118 -5.5

 Ferrous metal foundries........................ 4,907 4,914 4,976 -0.1 -1.2 4.8 5,013 5,009 4,988 4,663 7.5

 Fabricated metal products......................... 129,300 129,542 129,867 -0.2 -0.3 0.0 128,140 127,452 126,672 127,956 0.1

 Machinery.............................................. 135,283 135,445 136,562 -0.1 -0.8 -0.3 136,321 135,645 134,324 141,916 -3.9

 Construction machinery......................... 9,504 9,752 10,085 -2.5 -3.3 -2.0 9,982 10,072 9,930 11,384 -12.3

 Mining, oil field, and

 gas field machinery.......................... 4,862 4,639 4,646 4.8 -0.2 0.3 4,862 4,639 4,646 5,355 -9.2

 Industrial machinery............................. 10,510 10,738 11,299 -2.1 -5.0 -0.3 10,565 10,847 10,790 12,758 -17.2

 Photographic equipment........................ 3,484 3,553 3,622 -1.9 -1.9 -1.8 3,537 3,500 3,549 4,093 -13.6

 Ventilation, heating, air-conditioning,

 and refrigeration equipment................ 13,969 13,828 13,907 1.0 -0.6 1.1 14,109 13,723 13,472 13,530 4.3

 Metalworking machinery........................ 9,177 9,115 9,107 0.7 0.1 -0.8 9,283 9,132 8,934 10,228 -9.2

 Turbines, generators, and other 

 power transmission equipment............ 33,423 33,187 32,975 0.7 0.6 -0.2 33,423 33,187 32,975 31,979 4.5

 Material handling equipment................... 18,976 18,976 19,012 0.0 -0.2 -0.1 19,137 19,131 19,012 19,636 -2.5

 Computers and electronic products2

............. 135,125 135,226 135,009 -0.1 0.2 0.0 135,272 135,386 135,179 134,250 0.8

 Computers......................................... 1,314 1,278 1,272 2.8 0.5 0.2 1,314 1,278 1,272 1,298 1.2

 Nondefense communications

 equipment...................................... 17,456 17,544 17,573 -0.5 -0.2 1.5 17,754 17,728 17,881 17,531 1.3

 Defense communications equipment........ 242 242 241 0.0 0.4 1.3 247 249 246 249 -0.8

 Electronic components.......................... 16,195 16,257 16,327 -0.4 -0.4 -0.8 16,373 16,440 16,411 17,356 -5.7

 Nondefense search and navigation

 equipment....................................... 32,067 31,975 31,905 0.3 0.2 0.4 31,994 31,926 31,829 30,601 4.6

 Defense search and navigation

 equipment....................................... 35,647 35,737 35,478 -0.3 0.7 -0.4 35,335 35,523 35,423 35,192 0.4

 Electromedical, measuring,

 and control instruments...................... 32,204 32,193 32,213 0.0 -0.1 -0.2 32,255 32,242 32,117 32,023 0.7

 Electrical equipment, appliances, 

 and components.................................... 43,857 43,863 43,825 0.0 0.1 0.2 43,824 43,698 43,195 43,671 0.4

 Electric lighting equipment..................... 3,764 3,776 3,730 -0.3 1.2 0.0 3,765 3,771 3,693 3,718 1.3

 Household appliances........................... 5,814 5,579 5,411 4.2 3.1 0.9 5,727 5,697 5,549 4,589 24.8

 Electrical equipment............................. 21,911 22,040 22,136 -0.6 -0.4 0.4 21,891 21,897 21,669 22,641 -3.3

 Transportation equipment......................... 898,036 897,447 896,292 0.1 0.1 2.0 898,454 900,540 903,328 780,608 15.1

 Motor vehicle bodies, parts, 

 and trailers...................................... 34,700 34,707 34,911 0.0 -0.6 -0.6 36,161 35,407 35,124 36,551 -1.1

 Nondefense aircraft and parts................ 650,512 647,450 645,137 0.5 0.4 3.3 649,569 649,506 651,108 531,199 22.3

 Defense aircraft and parts..................... 71,085 71,500 72,230 -0.6 -1.0 -0.8 71,286 72,243 72,718 67,580 5.5

 Ships and boats.................................. 53,234 54,866 55,211 -3.0 -0.6 -1.4 53,938 54,361 54,162 57,013 -5.4

 Furniture and related products................... 10,645 10,659 10,790 -0.1 -1.2 0.9 10,631 10,363 10,211 11,294 -5.9

p

 Preliminary 

r

 Revised data due to late receipts and concurrent seasonal adjustment. 

1

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

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

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

2

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

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

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

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

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

CBDRB-FY23-0265). 

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, February Full Report, April 2, 2024. 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 February

Feb. Jan. Dec. Jan. - Dec. - Nov. - Feb. Jan. Dec. Feb. 2024/

2024p 2024r 2023 Feb. Jan. Dec. 2024p 2024r 2023 2023 2023

 All manufacturing industries...................... 857,734 855,397 856,616 0.3 -0.1 0.0 859,705 852,598 836,431 861,700 -0.2

 Excluding transportation........................ 687,613 686,464 688,886 0.2 -0.4 -0.2 689,648 684,969 674,181 698,165 -1.2

 Excluding defense............................. 827,238 825,255 826,732 0.2 -0.2 0.0 829,259 822,692 806,818 832,811 -0.4

 With unfilled orders............................. 427,441 426,328 426,033 0.3 0.1 0.2 427,823 424,477 417,066 421,982 1.4

 Durable goods industries........................ 528,676 526,936 526,285 0.3 0.1 0.2 530,338 524,950 514,040 523,637 1.3

 Wood products........................................ 15,760 15,761 15,693 0.0 0.4 -0.5 16,269 16,097 15,707 16,766 -3.0

 Nonmetallic mineral products..................... 17,461 17,467 17,290 0.0 1.0 -0.1 17,681 17,491 16,985 17,155 3.1

 Primary metals......................................... 45,930 45,462 45,599 1.0 -0.3 -0.3 46,000 45,289 44,984 47,163 -2.5

 Iron and steel mills............................... 27,031 26,555 26,538 1.8 0.1 -0.5 26,969 26,520 26,121 27,545 -2.1

 Aluminum and nonferrous metals............ 15,683 15,725 15,844 -0.3 -0.8 -0.1 15,725 15,567 15,686 16,434 -4.3

 Ferrous metal foundries........................ 3,216 3,182 3,217 1.1 -1.1 -0.2 3,306 3,202 3,177 3,184 3.8

 Fabricated metal products......................... 64,664 64,628 64,644 0.1 0.0 -0.2 64,831 64,577 63,544 64,908 -0.1

 Machinery.............................................. 95,257 95,340 95,407 -0.1 -0.1 0.4 95,809 94,554 93,333 94,290 1.6

 Farm machinery.................................. 5,555 5,601 5,720 -0.8 -2.1 1.5 5,885 5,738 5,771 6,235 -5.6

 Construction machinery......................... 9,982 9,971 10,010 0.1 -0.4 1.6 10,085 10,005 9,883 9,508 6.1

 Mining, oil field, 

 and gas field machinery.................... 5,509 5,667 5,840 -2.8 -3.0 -0.7 5,586 5,647 5,644 5,920 -5.6

 Industrial machinery............................. 11,140 11,133 11,126 0.1 0.1 0.2 11,031 10,549 11,434 11,031 0.0

 Photographic equipment....................... 1,425 1,429 1,437 -0.3 -0.6 -0.1 1,448 1,432 1,376 1,473 -1.7

 Ventilation, heating, air-conditioning,

 and refrigeration equipment............... 9,568 9,622 9,720 -0.6 -1.0 -0.9 9,847 9,594 9,179 9,500 3.7

 Metalworking machinery........................ 7,570 7,506 7,513 0.9 -0.1 0.4 7,478 7,398 7,422 7,285 2.6

 Turbines, generators, and other

 power transmission equipment............ 12,328 12,324 12,081 0.0 2.0 0.3 12,406 12,254 11,427 11,819 5.0

 Material handling equipment.................. 8,071 8,068 8,076 0.0 -0.1 0.8 7,979 7,967 7,689 7,780 2.6

 Computers and electronic products2............ 55,480 55,385 55,545 0.2 -0.3 0.2 55,443 55,424 54,403 55,414 0.1

 Computers......................................... 1,894 1,866 1,875 1.5 -0.5 1.7 1,821 1,756 1,816 1,868 -2.5

 Computer storage devices.................... 599 617 643 -2.9 -4.0 7.5 607 610 618 633 -4.1

 Other peripheral equipment................... 1,007 1,030 1,048 -2.2 -1.7 1.1 1,012 1,013 1,023 1,063 -4.8

 Nondefense communications

 equipment...................................... 4,327 4,324 4,344 0.1 -0.5 -0.8 4,308 4,235 4,125 4,403 -2.2

 Defense communications equipment........ 645 642 639 0.5 0.5 0.2 645 642 639 613 5.2

 Audio and video equipment.................... 588 635 650 -7.4 -2.3 -1.7 564 621 588 843 -33.1

 Electronic components.......................... 10,453 10,428 10,542 0.2 -1.1 -1.7 10,615 10,738 10,465 11,262 -5.7

 Nondefense search and navigation

 equipment...................................... 4,308 4,297 4,293 0.3 0.1 -0.2 4,282 4,298 4,206 4,157 3.0

 Defense search and navigation

 equipment....................................... 3,478 3,446 3,423 0.9 0.7 0.4 3,534 3,451 3,346 3,374 4.7

 Electromedical, measuring 

 and control instruments...................... 19,317 19,275 19,321 0.2 -0.2 0.7 19,120 19,089 18,818 18,836 1.5

 Electrical equipment, appliances, 

 and components.................................... 26,043 26,012 26,287 0.1 -1.0 -0.8 26,412 26,028 25,486 26,279 0.5

 Electric lighting equipment..................... 2,430 2,419 2,438 0.5 -0.8 -1.4 2,465 2,450 2,362 2,584 -4.6

 Household appliances........................... 3,642 3,631 3,691 0.3 -1.6 0.6 3,715 3,568 3,360 3,618 2.7

 Electrical equipment............................. 9,795 9,801 9,974 -0.1 -1.7 -0.3 9,998 9,947 9,918 9,754 2.5

 Batteries............................................ 1,939 1,949 1,961 -0.5 -0.6 -2.0 1,852 1,826 1,808 1,773 4.5

 Transportation equipment......................... 170,121 168,933 167,730 0.7 0.7 0.9 170,057 167,629 162,250 163,535 4.0

 Automobiles....................................... 5,305 5,324 5,293 -0.4 0.6 -2.7 5,291 5,242 4,823 5,754 -8.0

 Light trucks and utility vehicles.............. 10,849 10,053 9,745 7.9 3.2 3.5 11,149 9,589 8,163 9,893 12.7

 Heavy duty trucks ............................... 2,805 2,923 2,939 -4.0 -0.5 0.3 2,867 2,957 2,679 2,995 -4.3

 Motor vehicle bodies, parts, 

 and trailers...................................... 35,999 36,275 36,344 -0.8 -0.2 -0.3 36,164 36,709 35,684 35,528 1.8

 Nondefense aircraft and parts................ 81,331 80,817 79,977 0.6 1.1 1.3 80,876 79,867 78,007 77,012 5.0

 Defense aircraft and parts..................... 14,028 14,055 14,007 -0.2 0.3 0.6 14,060 13,987 13,892 13,943 0.8

 Ships and boats.................................. 4,826 4,615 4,597 4.6 0.4 -6.5 4,699 4,449 4,472 4,561 3.0

 Furniture and related products.................... 9,988 10,026 10,078 -0.4 -0.5 -0.5 10,012 10,157 9,857 10,512 -4.8

 Miscellaneous durable goods..................... 27,972 27,922 28,012 0.2 -0.3 0.1 27,824 27,704 27,491 27,615 0.8

 Nondurable goods industries...................... 329,058 328,461 330,331 0.2 -0.6 -0.4 329,367 327,648 322,391 338,063 -2.6

 Food products........................................ 69,972 69,979 70,348 0.0 -0.5 -0.3 70,395 70,291 70,466 72,784 -3.3

 Grain and oilseed milling........................ 7,233 7,278 7,396 -0.6 -1.6 -0.2 7,467 7,481 7,460 8,335 -10.4

 Dairy products.................................... 10,573 10,444 10,621 1.2 -1.7 -0.4 10,540 10,231 10,188 10,740 -1.9

 Meat, poultry, and seafood products....... 12,379 12,658 12,858 -2.2 -1.6 -0.9 12,426 12,529 12,536 13,494 -7.9

 Beverage and tobacco products................ 30,758 30,650 30,497 0.4 0.5 -0.4 31,175 30,941 30,138 31,520 -1.1

 Beverages......................................... 27,183 27,079 26,918 0.4 0.6 -0.4 27,431 27,201 26,431 27,621 -0.7

 Tobacco............................................ 3,575 3,571 3,579 0.1 -0.2 -1.0 3,744 3,740 3,707 3,899 -4.0

 Textile mills............................................ 3,526 3,522 3,514 0.1 0.2 -0.8 3,520 3,529 3,490 3,616 -2.7

 Textile products...................................... 3,620 3,621 3,636 0.0 -0.4 -0.4 3,653 3,669 3,626 3,840 -4.9

 Apparel................................................. 2,185 2,171 2,162 0.6 0.4 0.3 2,112 2,132 2,039 2,198 -3.9

 Leather and allied products....................... 1,245 1,253 1,270 -0.6 -1.3 -0.2 1,227 1,256 1,252 1,302 -5.8

 Paper products....................................... 17,920 17,855 17,883 0.4 -0.2 0.0 18,074 17,901 17,682 18,541 -2.5

 Pulp, paper, and paperboard mills........... 5,619 5,584 5,601 0.6 -0.3 0.3 5,694 5,594 5,588 5,751 -1.0

 Paperboard containers......................... 6,779 6,751 6,760 0.4 -0.1 0.1 6,859 6,831 6,735 7,040 -2.6

 Printing.................................................. 6,503 6,509 6,533 -0.1 -0.4 0.4 6,506 6,469 6,407 7,101 -8.4

 Petroleum and coal products..................... 47,686 47,263 48,360 0.9 -2.3 -2.2 46,155 45,238 44,445 48,406 -4.7

 Petroleum refineries............................. 41,203 40,768 41,870 1.1 -2.6 -2.7 39,561 38,693 38,099 41,213 -4.0

 Chemical products..................................... 112,752 112,806 112,962 0.0 -0.1 0.2 113,298 113,308 110,330 113,786 -0.4

 Pesticides, fertilizers, and other

 agricultural chemicals........................ 6,004 5,972 5,921 0.5 0.9 -2.2 6,353 6,250 5,907 6,334 0.3

 Pharmaceuticals and medicines.............. 49,023 49,030 48,898 0.0 0.3 1.0 48,903 49,327 47,604 47,174 3.7

 Paints, coatings, and adhesives.............. 5,444 5,457 5,527 -0.2 -1.3 -0.2 5,560 5,480 5,341 6,088 -8.7

 Plastics and rubber products..................... 32,891 32,832 33,166 0.2 -1.0 -0.2 33,252 32,914 32,516 34,969 -4.9

p Preliminary 

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

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

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

parameters. Estimates are not adjusted for price changes. 

2

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

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

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

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

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, February Full Report, April 2, 2024. 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

Feb. Jan. Dec. Jan. - Dec. - Nov. - Feb. Jan. Dec. Feb. 2024/

2024p 2024r 2023 Feb. Jan. Dec. 2024p 2024r 2023 2023 2024p 2023 2023

SHIPMENTS

 All manufacturing industries......................... 581,575 573,578 578,048 1.4 -0.8 -0.5 556,202 538,557 561,939 535,019 1,094,759 1,075,835 1.8

 Construction materials and supplies....... 62,865 62,525 62,514 0.5 0.0 -0.4 58,330 56,202 54,449 55,545 114,532 110,633 3.5

 Information technology......................... 24,939 25,047 24,918 -0.4 0.5 -0.1 22,826 21,744 28,087 21,716 44,570 42,812 4.1

 Computers and related products........... 2,263 2,216 2,083 2.1 6.4 -0.7 1,894 1,954 2,435 1,511 3,848 3,250 18.4

 Motor vehicle and parts......................... 61,774 60,845 61,158 1.5 -0.5 0.0 61,273 56,575 57,076 58,888 117,848 114,771 2.7

 Capital goods...................................... 95,994 93,820 96,023 2.3 -2.3 -1.2 90,874 83,386 104,462 85,275 174,260 167,189 4.2

 Nondefense capital goods3.................. 81,846 79,808 82,231 2.6 -2.9 -1.0 76,654 71,631 89,142 72,637 148,285 143,575 3.3

 Excluding aircraft............................. 74,379 74,807 74,146 -0.6 0.9 0.1 71,402 68,396 76,912 68,564 139,798 135,133 3.5

 Defense capital goods4........................ 14,148 14,012 13,792 1.0 1.6 -2.7 14,220 11,755 15,320 12,638 25,975 23,614 10.0

 Consumer goods.................................. 248,736 243,303 245,144 2.2 -0.8 -0.3 234,387 229,465 240,765 228,178 463,852 464,837 -0.2

 Consumer durable goods..................... 44,912 43,978 44,211 2.1 -0.5 -0.5 43,230 39,230 44,692 42,056 82,460 81,973 0.6

 Consumer nondurable goods................ 203,824 199,325 200,933 2.3 -0.8 -0.3 191,157 190,235 196,073 186,122 381,392 382,864 -0.4

 All manufacturing industries5...................... 576,760 568,570 591,153 1.4 -3.8 -0.3 551,800 533,863 586,326 532,423 1,085,663 1,075,032 1.0

 Construction materials and supplies....... 62,809 62,288 62,623 0.8 -0.5 -0.1 59,068 56,974 54,084 56,080 116,042 112,045 3.6

 Information technology......................... 24,731 25,185 24,972 -1.8 0.9 -0.2 22,924 21,922 29,093 22,218 44,846 43,412 3.3

 Computers and related products........... 2,299 2,222 2,086 3.5 6.5 -0.3 1,930 1,960 2,438 1,505 3,890 3,265 19.1

 Motor vehicle and parts......................... 61,767 60,641 60,950 1.9 -0.5 0.1 62,027 56,858 57,720 59,953 118,885 116,381 2.2

 Capital goods...................................... 96,159 94,378 113,765 1.9 -17.0 -1.4 88,828 81,771 130,678 84,690 170,599 171,951 -0.8

 Nondefense capital goods3.................. 84,362 80,862 102,519 4.3 -21.1 0.1 77,438 71,364 115,189 72,745 148,802 148,816 0.0

 Excluding aircraft............................. 73,918 73,418 73,617 0.7 -0.3 -0.6 72,174 69,834 76,177 70,055 142,008 140,034 1.4

 Defense capital goods4........................ 11,797 13,516 11,246 -12.7 20.2 -13.3 11,390 10,407 15,489 11,945 21,797 23,135 -5.8

 Consumer goods.................................. 248,962 243,376 245,258 2.3 -0.8 -0.3 234,597 229,709 240,675 228,351 464,306 465,111 -0.2

 Consumer durable goods..................... 45,138 44,051 44,325 2.5 -0.6 -0.8 43,440 39,474 44,602 42,229 82,914 82,247 0.8

 Consumer nondurable goods.............. 203,824 199,325 200,933 2.3 -0.8 -0.3 191,157 190,235 196,073 186,122 381,392 382,864 -0.4

 All manufacturing industries5...................... 1,392,826 1,392,764 1,392,966 0.0 0.0 1.3 1,394,178 1,393,809 1,393,211 1,280,601 (X) (X) 8.9

 Construction materials and supplies....... 99,629 99,685 99,922 -0.1 -0.2 0.1 98,556 97,818 97,046 99,159 (X) (X) -0.6

 Information technology......................... 134,782 134,990 134,852 -0.2 0.1 0.0 134,877 134,779 134,601 133,710 (X) (X) 0.9

 Computers and related products........... 1,314 1,278 1,272 2.8 0.5 0.2 1,314 1,278 1,272 1,298 (X) (X) 1.2

 Motor vehicle and parts......................... 34,700 34,707 34,911 0.0 -0.6 -0.6 36,161 35,407 35,124 36,551 (X) (X) -1.1

 Capital goods...................................... 1,050,732 1,050,567 1,050,009 0.0 0.1 1.7 1,049,485 1,051,531 1,053,146 938,648 (X) (X) 11.8

 Nondefense capital goods3.................. 845,287 842,771 841,717 0.3 0.1 2.5 845,033 844,249 844,516 733,885 (X) (X) 15.1

 Excluding aircraft............................. 267,704 268,165 269,554 -0.2 -0.5 -0.2 268,867 268,095 266,657 275,581 (X) (X) -2.4

 Defense capital goods4........................ 205,445 207,796 208,292 -1.1 -0.2 -1.2 204,452 207,282 208,630 204,763 (X) (X) -0.2

 Consumer goods.................................. 13,022 12,796 12,723 1.8 0.6 0.9 13,061 12,851 12,607 12,152 (X) (X) 7.5

 Consumer durable goods..................... 13,022 12,796 12,723 1.8 0.6 0.9 13,061 12,851 12,607 12,152 (X) (X) 7.5 

 All manufacturing industries....................... 857,734 855,397 856,616 0.3 -0.1 0.0 859,705 852,598 836,431 861,700 (X) (X) -0.2

 Construction materials and supplies....... 92,967 92,844 92,752 0.1 0.1 -0.2 94,268 93,277 91,069 94,155 (X) (X) 0.1

 Information technology......................... 45,989 45,936 46,058 0.1 -0.3 0.2 45,900 45,561 44,763 45,995 (X) (X) -0.2

 Computers and related products........... 3,500 3,513 3,566 -0.4 -1.5 2.5 3,440 3,379 3,457 3,564 (X) (X) -3.5

 Motor vehicle and parts......................... 54,958 54,575 54,321 0.7 0.5 0.1 55,471 54,497 51,349 54,170 (X) (X) 2.4

 Capital goods...................................... 255,348 254,451 253,845 0.4 0.2 0.6 255,103 251,969 248,093 248,219 (X) (X) 2.8

 Nondefense capital goods3.................. 230,195 229,640 229,233 0.2 0.2 0.6 230,032 227,326 223,637 224,505 (X) (X) 2.5

 Excluding aircraft............................. 163,019 163,096 163,452 0.0 -0.2 0.3 163,255 161,937 159,832 161,263 (X) (X) 1.2

 Defense capital goods4........................ 25,153 24,811 24,612 1.4 0.8 0.3 25,071 24,643 24,456 23,714 (X) (X) 5.7

 Consumer goods.................................. 254,687 253,441 254,495 0.5 -0.4 -0.4 254,142 251,749 245,989 258,564 (X) (X) -1.7

 Consumer durable goods..................... 42,412 41,704 41,547 1.7 0.4 0.2 42,800 41,186 38,675 43,355 (X) (X) -1.3

 Consumer nondurable goods................ 212,275 211,737 212,948 0.3 -0.6 -0.5 211,342 210,563 207,314 215,209 (X) (X) -1.8

NEW ORDERS 

UNFILLED ORDERS 

TOTAL INVENTORIES 

X

 Not Applicable 

p

 Preliminary 

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

1

 Estimates of shipments and new orders are for the duration of the period, while estimates of unfilled orders and total inventories are for the end of the period. Not seasonally adjusted estimates of shipments and new orders include adjusted data for noncalendar reporters. Seasonally adjusted estimates include concurrent adjustments for holiday and trading-day differences, where appropriate, as well as seasonal variation, based on the results of the latest annual review of the model parameters. Estimates 

are not adjusted for price changes. 

2 Topical series are regroupings of the separate industry categories. 

3

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

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

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

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

4

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

5 Estimates and percent changes exclude semiconductor industry data. 

6

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

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

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

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

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, February Full Report, April 2, 2024. 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 February

Feb. Jan. Dec. Jan. - Dec. - Nov. - Feb. Jan. Dec. Feb. 2024/

2024p 2024r 2023 Feb. Jan. Dec. 2024p 2024r 2023 2023 2023

MATERIALS AND SUPPLIES

 All manufacturing industries....................... 312,320 312,832 313,535 -0.2 -0.2 -0.6 311,966 313,370 310,089 317,212 -1.7

 Durable goods industries.......................... 197,054 196,694 196,221 0.2 0.2 -0.5 196,425 196,784 194,438 196,194 0.1

 Wood products................................... 7,537 7,537 7,517 0.0 0.3 -0.3 7,699 7,711 7,690 7,950 -3.2

 Nonmetallic mineral products................. 7,855 7,766 7,611 1.1 2.0 -0.6 7,879 7,752 7,552 7,750 1.7

 Primary metals.................................... 19,216 18,808 18,483 2.2 1.8 -0.5 19,111 18,698 18,369 18,851 1.4

 Fabricated metal products.......................... 24,542 24,210 24,135 1.4 0.3 -0.6 24,444 24,263 24,051 24,519 -0.3

 Machinery.......................................... 40,371 40,393 40,203 -0.1 0.5 -0.7 40,114 40,182 39,631 40,159 -0.1

 Computers and electronic products........ 27,545 27,435 27,400 0.4 0.1 0.0 27,339 27,412 26,998 26,206 4.3

 Electrical equipment, appliances,

 and components............................... 12,623 12,632 12,746 -0.1 -0.9 -0.7 12,751 12,680 12,535 12,689 0.5

 Transportation equipment..................... 42,244 42,854 43,123 -1.4 -0.6 -0.4 42,015 42,968 42,761 42,983 -2.3

 Furniture and related products............... 5,203 5,206 5,210 -0.1 -0.1 -0.3 5,288 5,313 5,087 5,438 -2.8

 Miscellaneous products......................... 9,918 9,853 9,793 0.7 0.6 -0.4 9,785 9,805 9,764 9,649 1.4

 Nondurable goods industries...................... 115,266 116,138 117,314 -0.8 -1.0 -0.8 115,541 116,586 115,651 121,018 -4.5

 Food products.................................... 25,711 26,122 26,296 -1.6 -0.7 -0.8 25,870 26,436 26,448 26,645 -2.9

 Beverage and tobacco products........................ 6,143 6,247 6,322 -1.7 -1.2 -0.4 6,254 6,518 6,453 6,469 -3.3

 Textiles.............................................. 1,484 1,482 1,482 0.1 0.0 -0.1 1,479 1,479 1,482 1,449 2.1

 Textile products................................... 1,678 1,681 1,681 -0.2 0.0 -0.9 1,683 1,700 1,680 1,723 -2.3

 Apparel............................................. 555 595 564 -6.7 5.5 0.0 542 599 539 602 -10.0

 Leather and allied products.................... 382 380 383 0.5 -0.8 -0.8 378 379 379 401 -5.7

 Paper products.................................... 9,313 9,268 9,251 0.5 0.2 0.0 9,385 9,329 9,208 9,797 -4.2

 Printing ............................................. 3,388 3,369 3,401 0.6 -0.9 0.9 3,402 3,362 3,394 3,701 -8.1

 Petroleum and coal products................. 14,038 14,432 14,930 -2.7 -3.3 -2.9 13,708 13,908 13,649 14,323 -4.3

 Chemical products................................ 38,409 38,413 38,753 0.0 -0.9 -0.8 38,567 38,612 38,313 40,046 -3.7

 Plastics and rubber products.................. 14,165 14,149 14,251 0.1 -0.7 0.0 14,273 14,264 14,106 15,862 -10.0

WORK IN PROCESS

 All manufacturing industries....................... 247,477 245,638 244,685 0.7 0.4 0.7 247,803 243,815 237,899 242,729 2.1

 Durable goods industries.......................... 183,376 182,747 182,327 0.3 0.2 1.1 183,523 181,158 177,450 178,411 2.9

 Wood products................................... 1,794 1,785 1,793 0.5 -0.4 0.1 1,831 1,812 1,773 1,902 -3.7

 Nonmetallic mineral products................. 1,804 1,810 1,800 -0.3 0.6 0.6 1,846 1,830 1,735 1,679 9.9

 Primary metals.................................... 11,792 11,876 12,237 -0.7 -3.0 0.0 11,759 11,710 11,761 12,957 -9.2

 Fabricated metal products.......................... 17,438 17,407 17,469 0.2 -0.4 0.2 17,451 17,369 16,996 16,759 4.1

 Machinery.......................................... 24,606 24,492 24,885 0.5 -1.6 1.8 24,874 23,998 23,970 24,521 1.4

 Computers and electronic products........ 13,899 13,770 13,794 0.9 -0.2 -0.8 14,115 13,952 13,562 14,304 -1.3

 Electrical equipment, appliances,

 and components............................... 4,694 4,649 4,649 1.0 0.0 1.8 4,731 4,594 4,495 4,566 3.6

 Transportation equipment..................... 101,049 100,591 99,389 0.5 1.2 1.6 100,626 99,558 97,046 95,502 5.4

 Furniture and related products............... 1,370 1,376 1,394 -0.4 -1.3 -0.9 1,354 1,387 1,394 1,482 -8.6

 Miscellaneous products......................... 4,930 4,991 4,917 -1.2 1.5 1.2 4,936 4,948 4,718 4,739 4.2

 Nondurable goods industries...................... 64,101 62,891 62,358 1.9 0.9 -0.4 64,280 62,657 60,449 64,318 -0.1

 Food products.................................... 6,135 6,210 6,285 -1.2 -1.2 -0.9 6,270 6,540 6,691 8,164 -23.2

 Beverage and tobacco products........................ 11,341 11,263 11,111 0.7 1.4 -0.7 11,518 11,553 11,342 11,085 3.9

 Textiles.............................................. 555 554 553 0.2 0.2 -1.3 553 552 537 582 -5.0

 Textile products................................... 464 465 466 -0.2 -0.2 -0.6 471 475 459 479 -1.7

 Apparel............................................. 330 317 324 4.1 -2.2 -0.3 322 313 304 267 20.6

 Leather and allied products.................... 143 143 144 0.0 -0.7 -2.7 145 143 140 134 8.2

 Paper products.................................... 1,842 1,813 1,822 1.6 -0.5 1.8 1,843 1,805 1,781 1,639 12.4

 Printing ............................................. 1,124 1,148 1,144 -2.1 0.3 -0.2 1,118 1,140 1,096 1,181 -5.3

 Petroleum and coal products................. 18,075 17,105 16,962 5.7 0.8 -2.8 17,950 16,165 15,296 17,090 5.0

 Chemical products................................ 20,179 19,985 19,661 1.0 1.6 1.8 20,140 20,075 19,013 19,771 1.9

 Plastics and rubber products.................. 3,913 3,888 3,886 0.6 0.1 -0.4 3,950 3,896 3,790 3,926 0.6

FINISHED GOODS

 All manufacturing industries....................... 297,937 296,927 298,396 0.3 -0.5 0.0 299,936 295,413 288,443 301,759 -0.6

 Durable goods industries.......................... 148,246 147,495 147,737 0.5 -0.2 0.1 150,390 147,008 142,152 149,032 0.9

 Wood products................................... 6,429 6,439 6,383 -0.2 0.9 -1.0 6,739 6,574 6,244 6,914 -2.5

 Nonmetallic mineral products................. 7,802 7,891 7,879 -1.1 0.2 0.3 7,956 7,909 7,698 7,726 3.0

 Primary metals.................................... 14,922 14,778 14,879 1.0 -0.7 -0.3 15,130 14,881 14,854 15,355 -1.5

 Fabricated metal products.......................... 22,684 23,011 23,040 -1.4 -0.1 -0.1 22,936 22,945 22,497 23,630 -2.9

 Machinery.......................................... 30,280 30,455 30,319 -0.6 0.4 0.7 30,821 30,374 29,732 29,610 4.1

 Computers and electronic products........ 14,036 14,180 14,351 -1.0 -1.2 1.7 13,989 14,060 13,843 14,904 -6.1

 Electrical equipment, appliances,

 and components............................... 8,726 8,731 8,892 -0.1 -1.8 -2.2 8,930 8,754 8,456 9,024 -1.0

 Transportation equipment..................... 26,828 25,488 25,218 5.3 1.1 0.3 27,416 25,103 22,443 25,050 9.4

 Furniture and related products............... 3,415 3,444 3,474 -0.8 -0.9 -0.7 3,370 3,457 3,376 3,592 -6.2

 Miscellaneous products......................... 13,124 13,078 13,302 0.4 -1.7 0.0 13,103 12,951 13,009 13,227 -0.9

 Nondurable goods industries...................... 149,691 149,432 150,659 0.2 -0.8 -0.1 149,546 148,405 146,291 152,727 -2.1

 Food products.................................... 38,126 37,647 37,767 1.3 -0.3 0.1 38,255 37,315 37,327 37,975 0.7

 Beverage and tobacco products........................ 13,274 13,140 13,064 1.0 0.6 -0.3 13,403 12,870 12,343 13,966 -4.0

 Textiles.............................................. 1,487 1,486 1,479 0.1 0.5 -1.2 1,488 1,498 1,471 1,585 -6.1

 Textile products................................... 1,478 1,475 1,489 0.2 -0.9 0.3 1,499 1,494 1,487 1,638 -8.5

 Apparel............................................. 1,300 1,259 1,274 3.3 -1.2 0.6 1,248 1,220 1,196 1,329 -6.1

 Leather and allied products.................... 720 730 743 -1.4 -1.7 0.5 704 734 733 767 -8.2

 Paper products.................................... 6,765 6,774 6,810 -0.1 -0.5 -0.5 6,846 6,767 6,693 7,105 -3.6

 Printing ............................................. 1,991 1,992 1,988 -0.1 0.2 -0.1 1,986 1,967 1,917 2,219 -10.5

 Petroleum and coal products................. 15,573 15,726 16,468 -1.0 -4.5 -1.0 14,497 15,165 15,500 16,993 -14.7

 Chemical products................................ 54,164 54,408 54,548 -0.4 -0.3 0.3 54,591 54,621 53,004 53,969 1.2

 Plastics and rubber products.................. 14,813 14,795 15,029 0.1 -1.6 -0.4 15,029 14,754 14,620 15,181 -1.0

p

 Preliminary 

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

1

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

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

parameters. Estimates are not adjusted for price changes. 

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

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

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

0265). 

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, February Full Report, April 2, 2024. 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 Feb Jan Dec Nov Feb Jan Dec Nov

2024p 2024r 2023 2023 2024p 2024r 2023 2023

All manufacturing industries3.................................... 1.47 1.49 1.48 1.48 (X) (X) (X) (X)

Durable goods industries3........................................ 1.87 1.89 1.87 1.85 7.10 7.17 7.10 6.96

 Wood products........................................................... 1.18 1.17 1.18 1.19 (X) (X) (X) (X)

 Nonmetallic mineral products............................. 1.31 1.33 1.32 1.30 (X) (X) (X) (X)

 Primary metals............................................................ 1.73 1.72 1.72 1.71 1.45 1.46 1.45 1.44

 Fabricated metal products...................................... 1.77 1.78 1.78 1.78 3.63 3.66 3.66 3.66

 Machinery..................................................................... 2.52 2.51 2.53 2.51 3.94 3.90 3.97 3.96

 Computers and electronic products3

................... 1.86 1.86 1.87 1.86 5.89 5.89 5.86 5.86

 Electrical equipment, appliances,

 and components.................................................... 1.82 1.79 1.86 1.87 3.40 3.33 3.43 3.41

 Transportation equipment..................................... 1.89 1.96 1.88 1.84 15.78 16.47 15.71 15.13

 Furniture and related products............................ 1.47 1.46 1.50 1.50 1.78 1.77 1.83 1.80

 Miscellaneous products.......................................... 1.93 1.92 1.92 1.92 (X) (X) (X) (X)

Nondurable goods industries................................... 1.10 1.12 1.11 1.11 (X) (X) (X) (X)

 Food products............................................................. 0.88 0.88 0.88 0.88 (X) (X) (X) (X)

 Beverage and tobacco products........................... 1.66 1.66 1.67 1.69 (X) (X) (X) (X)

 Textiles.......................................................................... 1.73 1.72 1.70 1.71 (X) (X) (X) (X)

 Textile products......................................................... 1.80 1.83 1.86 1.88 (X) (X) (X) (X)

 Apparel........................................................................ 2.64 2.76 2.70 2.69 (X) (X) (X) (X)

 Leather and allied products................................ 2.17 2.24 2.36 2.42 (X) (X) (X) (X)

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

 Printing........................................................................ 0.90 0.90 0.91 0.91 (X) (X) (X) (X)

 Petroleum and coal products............................... 0.70 0.74 0.74 0.74 (X) (X) (X) (X)

 Chemical products................................................... 1.44 1.45 1.45 1.44 (X) (X) (X) (X)

 Plastics and rubber products................................ 1.32 1.32 1.32 1.33 (X) (X) (X) (X)

Feb3 Feb3 Feb3 Feb3

Industry 2023- 2023- 2023- 2023-

Feb2 Jan Feb2 Jan Feb2 Jan Feb2 Jan

2024 2024 2024 2024 2024 2024 2024 2024

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

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

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

 Nonmetallic mineral products.............. (X) 0.5 (X) (NA) (X) (NA) (X) 0.2

 Primary metals............................................. -0.3 0.3 -0.7 0.3 -0.2 0.1 0.2 0.2

 Fabricated metal products.................... 0.0 0.1 0.0 0.2 0.0 0.1 0.0 0.1

 Machinery...................................................... -0.4 0.3 -0.1 0.5 0.1 0.1 -0.2 0.1

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

 Electrical equipment, appliances,

 and components..................................... -0.1 0.3 -0.6 1.0 -0.1 0.3 0.0 0.3

 Transportation equipment.................... 0.0 0.3 0.0 1.2 0.0 0.1 0.0 0.1

 Furniture and related products............. (X) 0.3 (X) 0.9 (X) 0.3 (X) 0.3

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

Nondurable goods industries................... (X) 0.3 (X) (NA) (X) (NA) (X) 0.1

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

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

 Textiles.......................................................... (X) 0.4 (X) (NA) (X) (NA) (X) 0.1

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

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

 Leather and allied products.................. (X) 0.6 (X) (NA) (X) (NA) (X) 0.4

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

 Printing.......................................................... (X) 0.4 (X) (NA) (X) (NA) (X) 0.5

 Petroleum and coal products............... (X) 0.9 (X) (NA) (X) (NA) (X) 0.4

 Chemical products................................... (X) 0.4 (X) (NA) (X) (NA) (X) 0.1

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

X Not Applicable 

p

 Preliminary 

r

 Revised data due to late receipts and concurrent seasonal adjustment. 

2

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

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

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

and miscellaneous furniture. 

3

 Unfilled orders to shipments ratio excludes semiconductor manufacturing. 

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

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

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

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

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

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

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, February Full Report, April 2, 2024. Information on data 

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

X Not Applicable 

NA Not Available 

1

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

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

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

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

2

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

3

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

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

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

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

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

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

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

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

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

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, February Full Report, April 2, 2024. 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