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FOR RELEASE AT 8:30 AM EDT, THURSDAY, JULY 27, 2023 

MONTHLY ADVANCE REPORT ON DURABLE GOODS MANUFACTURERS’ SHIPMENTS, 

INVENTORIES AND ORDERS JUNE 2023 

Release Number: CB 23-116 M3-1 (23)-06 

July 27, 2023 — 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, up four consecutive months, increased $13.6 billion 

or 4.7 percent to $302.5 billion, the U.S. Census Bureau announced today. This followed a 2.0 percent 

May increase. Excluding transportation, new orders increased 0.6 percent. Excluding defense, new orders

increased 6.2 percent. Transportation equipment, also up four consecutive months, led the increase, 

$12.4 billion or 12.1 percent to $115.3 billion.

Shipments

Shipments of manufactured durable goods in June, up three of the last four months, increased $0.8 billion 

or 0.3 percent to $284.2 billion. This followed a 2.0 percent May increase. Fabricated metal products, up 

four of the last five months, led the increase, $0.4 billion or 1.2 percent to $35.8 billion.

DURABLE GOODS – NEW ORDERS

JUNE 2023 $302.5 billion +4.7%°

 MAY 2023

(revised) $288.9 billion +2.0%°

Next release: August 24, 2023 

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, 

2023.

-0.8%

-0.1%

0.3%

1.0%

-3.1%

4.5%

-1.3%

-2.7%

3.3%

1.2%

2.0%

4.7%

-6.0%

-5.0%

-4.0%

-3.0%

-2.0%

-1.0%

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%

Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23

DURABLE GOODS NEW ORDERS 2022-2023

Seasonally Adjusted, Month-To-Month Percentage Change

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders, July 27, 2023.
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Unfilled Orders

Unfilled orders for manufactured durable goods in June, up six of the last seven months, increased $23.3

billion or 1.8 percent to $1,325.3 billion. This followed a 0.8 percent May increase. Transportation 

equipment, also up six of the last seven months, led the increase, $23.0 billion or 2.9 percent to $827.0

billion.

Inventories

Inventories of manufactured durable goods in June, up six of the last seven months, increased $0.7 billion 

or 0.1 percent to $523.3 billion. This followed a 0.2 percent May increase. Transportation equipment, up

five of the last six months, led the increase, $0.3 billion or 0.2 percent to $164.5 billion. 

Capital Goods

Nondefense new orders for capital goods in June increased $15.4 billion or 16.9 percent to $106.6 billion. 

Shipments increased $0.1 billion or 0.1 percent to $83.4 billion. Unfilled orders increased $23.2 billion or 

3.1 percent to $771.6 billion. Inventories increased $0.2 billion or 0.1 percent to $225.8 billion. Defense 

new orders for capital goods in June decreased $3.5 billion or 22.0 percent to $12.2 billion. Shipments

increased $0.4 billion or 2.9 percent to $13.6 billion. Unfilled orders decreased $1.3 billion or 0.6 percent

to $212.0 billion. Inventories increased less than $0.1 billion or 0.1 percent to $24.2 billion.

Revised May Data

Revised seasonally adjusted May figures for all manufacturing industries were: new orders, $578.7 billion 

(revised from $578.0 billion); shipments, $573.2 billion (revised from $572.6 billion); unfilled orders, 

$1,302.0 billion (revised from $1,301.9 billion) and total inventories, $853.3 billion (revised from $853.8

billion).

Revised and more detailed estimates, plus nondurable goods data, will be published on August 3, 2023, at

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

2023, 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.

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 

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 
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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>.

Benchmark notice

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

May 12, 2023. These revisions resulted from

• Benchmarking the M3 shipments and inventories data to the 2021 and 2020 Annual Survey of 

Manufactures (ASM) data; 

• Incorporating the unfilled orders to shipments ratios obtained for 2021, 2020, and 2019 from the 

Manufacturers’ Unfilled Orders (M3UFO) Survey;

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

orders data;

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

previously reported data;

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

review of the seasonal adjustment models. 

These revisions spanned the seasonally adjusted data for January 2012 through March 2023 and the data 

not seasonally adjusted for January 2017 through March 2023. An updated Press Release contains revised 

monthly tables for January 2023 through March 2023.

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. 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

2023 2 2023 r 2023 Jun 2 May r Apr 2023 2 2023 r 2022 2023 2022 2023/2022

DURABLE GOODS

 Total:

 Shipments................................ 284,190 283,430 277,924 0.3 2.0 -0.6 308,241 287,939 295,504 1,682,382 1,609,509 4.5

 New Orders4

.............................. 302,489 288,910 283,311 4.7 2.0 1.2 325,108 288,567 297,467 1,710,222 1,635,116 4.6

 Excluding transportation:

 Shipments................................ 191,902 191,347 190,271 0.3 0.6 -0.2 206,934 195,975 205,561 1,144,460 1,126,545 1.6

 New Orders4.............................. 187,168 185,998 184,642 0.6 0.7 -0.6 199,848 191,045 198,989 1,124,492 1,118,871 0.5

 Excluding defense:

 Shipments................................ 268,377 267,981 262,309 0.1 2.2 -0.9 291,588 272,877 280,388 1,591,797 1,526,150 4.3

 New Orders4

.............................. 287,266 270,543 262,271 6.2 3.2 -0.5 307,324 273,896 276,960 1,609,068 1,550,106 3.8

 Manufacturing with unfilled orders:

 Shipments................................ 196,969 195,989 192,445 0.5 1.8 -0.8 215,344 199,292 205,268 1,167,983 1,116,551 4.6

 New Orders.............................. 220,275 206,528 202,964 6.7 1.8 1.7 236,891 204,245 212,227 1,224,928 1,170,779 4.6

 Primary metals:

 Shipments................................ 27,026 26,889 26,772 0.5 0.4 -0.1 28,582 28,091 29,795 164,671 167,225 -1.5

 New Orders.............................. 27,126 26,893 26,683 0.9 0.8 -0.5 28,345 27,925 29,045 165,100 169,121 -2.4

 Fabricated metal products:

 Shipments................................ 35,773 35,339 35,246 1.2 0.3 -0.4 38,009 36,883 38,264 213,161 214,216 -0.5

 New Orders.............................. 35,737 35,281 35,219 1.3 0.2 -0.2 37,557 37,959 37,598 217,939 220,614 -1.2

 Machinery:

 Shipments................................ 37,792 37,707 37,579 0.2 0.3 0.8 41,447 39,082 40,112 227,775 219,418 3.8

 New Orders.............................. 37,593 37,568 37,299 0.1 0.7 0.4 39,938 38,327 39,985 229,041 226,527 1.1

 Computers and electronic products4:

 Shipments................................ 29,286 29,242 29,107 0.2 0.5 -0.4 31,377 27,428 31,107 169,562 165,148 2.7

 New Orders.............................. 24,475 24,124 23,970 1.5 0.6 -1.8 26,817 22,301 26,159 141,147 138,144 2.2

 Computers and related products:

 Shipments................................ 2,044 2,051 2,057 -0.3 -0.3 3.0 2,457 1,850 2,060 11,513 9,436 22.0

 New Orders.............................. 2,055 2,016 2,051 1.9 -1.7 1.8 2,468 1,815 2,073 11,515 9,425 22.2 

 Communications equipment:

 Shipments................................ 3,013 2,985 3,039 0.9 -1.8 -1.6 3,715 2,701 3,836 17,771 17,845 -0.4

 New Orders.............................. 2,920 2,856 2,909 2.2 -1.8 -2.4 3,594 2,394 3,702 17,156 18,053 -5.0

 Electrical equipment, appliances, 

 and components: 

 Shipments................................ 14,027 14,051 13,907 -0.2 1.0 -1.1 15,598 14,312 14,621 83,850 77,094 8.8

 New Orders.............................. 14,373 14,164 13,830 1.5 2.4 -2.8 15,612 14,382 14,680 85,447 80,332 6.4

 Transportation equipment: 

 Shipments................................ 92,288 92,083 87,653 0.2 5.1 -1.6 101,307 91,964 89,943 537,922 482,964 11.4

 New Orders.............................. 115,321 102,912 98,669 12.1 4.3 4.8 125,260 97,522 98,478 585,730 516,245 13.5

 Motor vehicles and parts:

 Shipments................................ 62,829 62,838 61,203 0.0 2.7 -0.1 66,268 63,869 62,430 373,651 346,387 7.9

 New Orders.............................. 63,032 62,829 61,244 0.3 2.6 -0.2 65,667 63,079 61,375 373,355 345,951 7.9 

 Nondefense aircraft and parts:

 Shipments................................ 13,834 13,821 10,694 0.1 29.2 -14.5 18,396 12,694 11,912 72,331 52,157 38.7

 New Orders.............................. 37,125 21,919 16,432 69.4 33.4 -2.1 41,947 19,317 16,539 111,085 84,356 31.7

 Defense aircraft and parts:

 Shipments................................ 4,818 4,779 4,922 0.8 -2.9 5.5 5,293 4,723 5,104 27,914 26,348 5.9

 New Orders.............................. 5,521 5,231 7,711 5.5 -32.2 32.1 6,265 3,891 9,881 32,778 27,851 17.7

 All other durable goods: 

 Shipments................................ 47,998 48,119 47,660 -0.3 1.0 -0.4 51,921 50,179 51,662 285,441 283,444 0.7

 New Orders.............................. 47,864 47,968 47,641 -0.2 0.7 -0.3 51,579 50,151 51,522 285,818 284,133 0.6

 Capital goods3:

 Shipments................................ 96,965 96,516 93,565 0.5 3.2 -1.0 108,589 95,248 98,646 565,266 523,666 7.9

 New Orders.............................. 118,802 106,846 104,100 11.2 2.6 5.1 130,572 101,227 103,969 615,346 565,035 8.9

 Nondefense capital goods:

 Shipments................................ 83,374 83,303 80,229 0.1 3.8 -1.7 94,469 82,387 86,107 487,602 452,229 7.8

 New Orders.............................. 106,558 91,149 85,450 16.9 6.7 0.2 116,426 88,289 90,688 529,086 495,604 6.8

 Excluding aircraft:

 Shipments........................... 74,082 74,051 73,837 0.0 0.3 0.5 80,981 74,028 78,246 441,578 422,186 4.6

 New Orders.......................... 74,079 73,909 73,577 0.2 0.5 0.7 79,415 73,251 78,088 444,397 433,018 2.6

 Defense capital goods:

 Shipments................................ 13,591 13,213 13,336 2.9 -0.9 3.5 14,120 12,861 12,539 77,664 71,437 8.7

 New Orders.............................. 12,244 15,697 18,650 -22.0 -15.8 35.9 14,146 12,938 13,281 86,260 69,431 24.2

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. 

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, June Advance Report, July 27, 2023. 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 2023/

2023 2 2023 r 2023 Jun2 May r Apr 2023 2 2023 2 2022 2022

DURABLE GOODS

 Total:

 Unfilled Orders4

......................... 1,325,307 1,302,001 1,291,462 1.8 0.8 0.8 1,327,241 1,305,694 1,243,582 6.7

 Total Inventories....................... 523,303 522,646 521,711 0.1 0.2 1.0 522,290 527,070 513,861 1.6

 Excluding transportation:

 Unfilled Orders4

......................... 498,338 498,065 498,355 0.1 -0.1 -0.1 501,521 503,927 503,071 -0.3

 Total Inventories....................... 358,824 358,477 357,624 0.1 0.2 0.0 358,785 362,196 351,913 2.0

 Excluding defense:

 Unfilled Orders4........................... 1,081,881 1,057,985 1,050,364 2.3 0.7 0.5 1,081,944 1,061,528 1,014,188 6.7

 Total Inventories....................... 493,860 493,233 492,403 0.1 0.2 1.0 492,759 497,515 485,438 1.5

 Manufacturing with unfilled orders:

 Unfilled Orders......................... 1,325,307 1,302,001 1,291,462 1.8 0.8 0.8 1,327,241 1,305,694 1,243,582 6.7

 Total Inventories....................... 423,165 422,539 421,777 0.1 0.2 1.2 423,289 426,160 416,093 1.7

 Primary metals:

 Unfilled Orders......................... 37,832 37,732 37,728 0.3 0.0 -0.2 38,195 38,432 39,911 -4.3

 Total Inventories....................... 46,770 46,826 46,622 -0.1 0.4 0.1 46,900 47,476 48,671 -3.6

 Fabricated metal products:

 Unfilled Orders......................... 129,021 129,057 129,115 0.0 0.0 0.0 131,202 131,654 132,863 -1.3

 Total Inventories....................... 65,008 64,813 64,566 0.3 0.4 -0.2 65,222 65,558 65,310 -0.1

 Machinery: 

 Unfilled Orders......................... 139,731 139,930 140,069 -0.1 -0.1 -0.2 139,623 141,132 138,770 0.6

 Total Inventories....................... 94,785 94,484 93,969 0.3 0.5 0.2 94,616 95,331 87,826 7.7

 Computers and electronic products4:

 Unfilled Orders......................... 134,707 134,511 134,570 0.1 0.0 0.0 135,080 134,960 134,275 0.6

 Total Inventories....................... 54,868 55,003 55,065 -0.2 -0.1 -0.3 54,674 55,573 54,451 0.4

 Computers and related products:

 Unfilled Orders......................... 1,285 1,274 1,309 0.9 -2.7 -0.5 1,285 1,274 1,316 -2.4

 Total Inventories....................... 3,632 3,619 3,701 0.4 -2.2 0.9 3,663 3,712 3,777 -3.0 

 Communications equipment:

 Unfilled Orders......................... 17,139 17,232 17,361 -0.5 -0.7 -0.7 17,178 17,299 18,053 -4.8

 Total Inventories....................... 5,002 5,020 5,042 -0.4 -0.4 0.5 4,976 5,098 4,935 0.8

 Electrical equipment, appliances, 

 and components: 

 Unfilled Orders......................... 43,870 43,524 43,411 0.8 0.3 -0.2 44,012 43,998 42,715 3.0

 Total Inventories....................... 26,358 26,185 26,086 0.7 0.4 0.0 26,518 26,672 25,081 5.7

 Transportation equipment: 

 Unfilled Orders......................... 826,969 803,936 793,107 2.9 1.4 1.4 825,720 801,767 740,511 11.5

 Total Inventories....................... 164,479 164,169 164,087 0.2 0.0 3.1 163,505 164,874 161,948 1.0

 Motor vehicles and parts:

 Unfilled Orders......................... 35,326 35,123 35,132 0.6 0.0 0.1 34,645 35,246 35,469 -2.3

 Total Inventories....................... 53,601 53,544 53,429 0.1 0.2 0.4 52,829 54,047 52,462 0.7 

 Nondefense Aircraft and parts:

 Unfilled Orders......................... 571,536 548,245 540,147 4.2 1.5 1.1 569,469 545,918 498,761 14.2

 Total Inventories....................... 77,795 77,654 77,766 0.2 -0.1 6.2 77,660 77,805 77,933 -0.4

 Defense Aircraft and parts: 

 Unfilled Orders......................... 71,984 71,281 70,829 1.0 0.6 4.1 72,166 71,194 67,311 7.2

 Total Inventories....................... 14,178 14,176 14,088 0.0 0.6 0.3 14,163 14,214 14,001 1.2

 All other durable goods: 

 Unfilled Orders......................... 13,177 13,311 13,462 -1.0 -1.1 -0.1 13,409 13,751 14,537 -7.8

 Total Inventories....................... 71,035 71,166 71,316 -0.2 -0.2 0.1 70,855 71,586 70,574 0.4

 Capital goods3

:

 Unfilled Orders......................... 983,621 961,784 951,454 2.3 1.1 1.1 983,966 961,983 900,398 9.3

 Total Inventories....................... 249,983 249,719 249,558 0.1 0.1 2.1 250,210 251,634 241,752 3.5

 Nondefense capital goods:

 Unfilled Orders......................... 771,647 748,463 740,617 3.1 1.1 0.7 770,128 748,171 699,080 10.2

 Total Inventories....................... 225,756 225,520 225,427 0.1 0.0 2.2 225,880 227,331 218,354 3.4

 Excluding aircraft: 

 Unfilled Orders.................... 272,985 272,988 273,130 0.0 -0.1 -0.1 273,499 275,065 273,510 0.0

 Total Inventories................... 162,073 161,726 161,363 0.2 0.2 0.1 162,065 163,547 153,715 5.4

 Defense capital goods:

 Unfilled Orders......................... 211,974 213,321 210,837 -0.6 1.2 2.6 213,838 213,812 201,318 6.2

 Total Inventories....................... 24,227 24,199 24,131 0.1 0.3 1.1 24,330 24,303 23,398 4.0

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. 

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, June Advance Report, July 27, 2023. 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>.