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FOR RELEASE AT 10:00 AM EST, TUESDAY, MARCH 6, 2018 

MONTHLY FULL REPORT ON MANUFACTURERS’ SHIPMENTS, INVENTORIES 

AND ORDERS JANUARY 2018 

Release Number: CB 18-27 M3-2 (18)-01 

March 6, 2018 — The U.S. Census Bureau announces the January full report on manufacturers’ shipments, 

inventories and orders: 

MANUFACTURED GOODS – NEW ORDERS

JANUARY 2018 $491.7 billion            ‐1.4%°

DECEMBER 2017  

(revised) $498.6 billion            +1.8%°

Next release: April 4, 2018

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, 

March 6, 2018. 

Summary 

New orders for manufactured goods in January, down following five consecutive monthly increases, 

decreased $6.9 billion or 1.4 percent to $491.7 billion, the U.S. Census Bureau reported today. This 

followed a 1.8 percent December increase. Shipments, up thirteen of the last fourteen months, increased 

$2.8 billion or 0.6 percent to $498.8 billion. This followed a 0.7 percent December increase. Unfilled 

orders, down following four consecutive monthly increases, decreased $2.9 billion or 0.3 percent to 

$1,141.2 billion. This followed a 0.6 percent December increase. The unfilled orders-to-shipments ratio 

was 6.54, down from 6.58 in December. Inventories, up fourteen of the last fifteen months, increased $2.1 

billion or 0.3 percent to $672.4 billion. This followed a 0.7 percent December increase. The inventories-toshipments ratio was 1.35, unchanged from December. 

New Orders 

New orders for manufactured durable goods in January, down following two consecutive monthly increases, 

decreased $9.0 billion or 3.6 percent to $240.0 billion, up from the previously published 3.7 percent 

decrease. This followed a 2.7 percent December increase. Transportation equipment, also down following 

two consecutive monthly increases, led the decrease, $8.6 billion or 10.0 percent to $77.9 billion. New 

orders for manufactured nondurable goods increased $2.1 billion or 0.8 percent to $251.7 billion.

Feb-17 Mar-17 Apr-17 May-17 Jun-17 Jul-17 Aug-17 Sep-17 Oct-17 Nov-17 Dec-17 Jan-18

% Change 0.8% 1.0% -0.3% -0.3% 3.2% -3.3% 1.2% 1.7% 0.4% 1.7% 1.8% -1.4%

-4.0%

-3.0%

-2.0%

-1.0%

0.0%

1.0%

2.0%

3.0%

4.0%

MANUFACTURERS' NEW ORDERS 2017-2018

Seasonally Adjusted, Month-To-Month Percentage Change

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

March 6, 2018
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Shipments 

Shipments of manufactured durable goods in January, up eight of the last nine months, increased $0.7 

billion or 0.3 percent to $247.1 billion, up from the previously published 0.2 percent increase. This 

followed a 0.5 percent December increase. Transportation equipment, up two of the last three months, led 

the increase, $0.6 billion or 0.7 percent to $81.5 billion. Shipments of manufactured nondurable goods, up 

nine of the last ten months, increased $2.1 billion or 0.8 percent to $251.7 billion. This followed a 0.9 

percent December increase. Petroleum and coal products, up seven consecutive months, led the increase, 

$1.8 billion or 3.5 percent to $52.5 billion. 

Unfilled Orders 

Unfilled orders for manufactured durable goods in January, down following four consecutive monthly 

increases, decreased $2.9 billion or 0.3 percent to $1,141.2 billion, unchanged from the previously published 

decrease. This followed a 0.6 percent December increase. Transportation equipment, down three of the last 

four months, drove the decrease, $3.6 billion or 0.5 percent to $771.9 billion. 

Inventories

Inventories of manufactured durable goods in January, up eighteen of the last nineteen months, increased 

$1.3 billion or 0.3 percent to $408.8 billion, unchanged from the previously published increase. This 

followed a 0.5 percent December increase. Transportation equipment, up two consecutive months, led the 

increase, $0.7 billion or 0.6 percent to $131.9 billion. Inventories of manufactured nondurable goods, up 

eight consecutive months, increased $0.7 billion or 0.3 percent to $263.6 billion. This followed a 0.9 

percent December increase. Petroleum and coal products, up seven consecutive months, drove the increase, 

$0.7 billion or 1.7 percent to $42.4 billion. By stage of fabrication, January materials and supplies increased 

0.4 percent in durable goods and decreased 0.1 percent in nondurable goods. Work in process increased 0.5 

percent in durable goods and was virtually unchanged in nondurable goods. Finished goods were virtually 

unchanged in durable goods and increased 0.7 percent in nondurable goods. 

The Advance Report on durable goods for February is scheduled for release on March 23, 2018 at 8:30 a.m. 

EDT and the Full Report on April 4, 2018 at 10:00 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>.

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. 
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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-in-process, 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 month-to-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-tomonth changes of the total operations of the reporting units in the M3 panel effectively represent the monthto-month movements of all establishments that make up the category. The companies for which shipments 

data are currently reported or imputed in the M3 survey represent approximately 64 percent of the total 

value of shipments for manufacturing establishments in the 2012 Economic Census, and these companies 

include almost two-thirds of the manufacturing companies with $500 million or more in shipments in the 

2012 Economic Census. The companies for which shipments data are currently reported in the M3 survey 

represent approximately 57 percent of the total value of shipments for manufacturing establishments in the 

2012 Economic Census. Statistics based on the M3 panel differ from the results that would be obtained 

from a complete enumeration of all manufacturing companies. The M3 panel is not based on a probability 

sample; therefore, the sampling errors that are normally provided with sample surveys cannot be measured. 

Nonsampling errors are attributable to many sources. The use of company or divisional reports to estimate 

the monthly change for establishments is one source of nonsampling error. The use of primarily large 

companies to represent the month-to-month movement of all companies is another potential source. Any 

corrections will be published in the full report. Corrections received after the full report will be released in 

the next month’s advance report. Any 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>. 

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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Benchmark notice 

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

issued on May 17, 2018. These revisions result from: 

• benchmarking the M3 shipments and inventories data to the 2016 Annual Survey of Manufactures 

(ASM) and revised 2015 ASM data on a 2012 NAICS basis; 

• incorporating the unfilled orders to shipments ratios obtained from the 2016/2015 Manufacturers’ 

Unfilled Orders (M3UFO) Survey by applying these ratios to the respective ASM shipments data, as 

well as incorporating revised unfilled orders to shipments ratios for prior years by applying them to the 

respective ASM shipments data; 

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

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

reported data; 

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

of the seasonal adjustment models. 

These revisions will span the seasonally adjusted data for January 2002 through March 2018 and the data 

not seasonally adjusted for January 2007 through March 2018. An updated Press Release will contain 

revised monthly tables for January 2018 through March 2018. Please call M3 staff on (301) 763-4832 with 

any questions. 

###
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

Jan. Dec. Nov. Dec. - Nov. - Oct. - Jan. Dec. Nov. Jan. 2018/

2018p 2017r 2017 Jan. Dec. Nov. 2018p 2017r 2017 2017 2018p 2017 2017

 All manufacturing industries.................. 498,766 495,986 492,505 0.6 0.7 1.4 464,588 480,023 482,925 430,018 464,588 430,018 8.0

 Excluding transportation................... 417,300 415,076 411,073 0.5 1.0 1.2 392,645 401,654 402,010 362,981 392,645 362,981 8.2

 Excluding defense.............................. 485,160 482,747 479,427 0.5 0.7 1.5 453,605 465,011 469,036 420,631 453,605 420,631 7.8

 With unfilled orders............................ 174,607 173,817 172,943 0.5 0.5 1.7 157,883 171,811 167,903 144,156 157,883 144,156 9.5

 Durable goods industries......................... 247,109 246,421 245,282 0.3 0.5 1.3 225,125 239,233 238,964 207,910 225,125 207,910 8.3

 Wood products....................................... 9,553 9,566 9,473 -0.1 1.0 0.8 8,250 8,338 8,825 7,725 8,250 7,725 6.8

 Nonmetallic mineral products.................... 10,830 11,034 10,907 -1.8 1.2 0.9 9,477 9,309 10,574 8,959 9,477 8,959 5.8

 Primary metals....................................... 20,745 20,690 20,202 0.3 2.4 1.2 20,811 18,301 18,916 18,459 20,811 18,459 12.7

 Iron and steel mills............................ 9,688 9,602 9,576 0.9 0.3 0.5 9,760 8,568 8,937 8,540 9,760 8,540 14.3

 Aluminum and nonferrous metals.......... 9,728 9,757 9,304 -0.3 4.9 2.0 9,801 8,561 8,754 8,735 9,801 8,735 12.2

 Ferrous metal foundries....................... 1,329 1,331 1,322 -0.2 0.7 0.3 1,250 1,172 1,225 1,184 1,250 1,184 5.6

 Fabricated metal products....................... 33,680 33,362 32,962 1.0 1.2 0.7 31,797 30,360 31,681 28,584 31,797 28,584 11.2

 Machinery............................................. 32,757 32,753 32,514 0.0 0.7 -0.1 29,424 33,006 30,263 26,411 29,424 26,411 11.4

 Farm machinery................................. 2,959 2,959 2,904 0.0 1.9 -5.9 2,732 2,548 2,153 2,294 2,732 2,294 19.1

 Construction machinery..................... 2,231 2,241 2,260 -0.4 -0.8 5.8 1,958 2,208 2,184 1,635 1,958 1,635 19.8

 Mining, oil field, and 

 gas field machinery.......................... 1,134 1,135 1,153 -0.1 -1.6 9.8 1,080 1,253 1,149 815 1,080 815 32.5

 Industrial machinery.......................... 2,934 2,849 2,966 3.0 -3.9 -0.6 2,441 3,385 2,689 2,252 2,441 2,252 8.4

 Photographic equipment...................... 512 493 478 3.9 3.1 -3.0 435 566 470 445 435 445 -2.2

 Ventilation, heating, air-conditioning,

 and refrigeration equipment............ 3,964 3,874 3,855 2.3 0.5 2.3 3,261 3,643 3,511 2,969 3,261 2,969 9.8

 Metalworking machinery..................... 3,243 3,238 3,136 0.2 3.3 0.6 3,010 3,519 3,181 2,619 3,010 2,619 14.9

 Turbines, generators, and other

 power transmission equipment....... 4,188 4,320 4,240 -3.1 1.9 -2.3 4,006 4,118 4,147 3,491 4,006 3,491 14.8

 Material handling equipment............... 2,947 2,890 2,836 2.0 1.9 -0.9 2,695 2,932 2,759 2,422 2,695 2,422 11.3

 Computers and electronic products2

.......... 28,197 28,001 27,935 0.7 0.2 0.6 25,646 31,227 28,273 24,603 25,646 24,603 4.2

 Computers........................................ 654 627 680 4.3 -7.8 0.3 521 776 649 644 521 644 -19.1

 Computer storage devices..................... 552 511 559 8.0 -8.6 -7.0 383 770 451 465 383 465 -17.6

 Other peripheral equipment................ 723 644 650 12.3 -0.9 -4.0 572 887 568 407 572 407 40.5

 Nondefense communications

 equipment.................................... 3,051 3,049 2,953 0.1 3.3 1.7 2,413 3,965 2,725 2,134 2,413 2,134 13.1

 Defense communications equipment.... 247 235 240 5.1 -2.1 -4.4 202 234 257 192 202 192 5.2

 Audio and video equipment.................... 341 338 347 0.9 -2.6 -1.7 277 442 438 277 277 277 0.0

 Electronic components......................... 4,268 4,270 4,231 0.0 0.9 0.7 3,761 4,207 3,973 3,383 3,761 3,383 11.2

 Nondefense search and navigation

 equipment...................................... 1,528 1,576 1,537 -3.0 2.5 3.6 1,348 1,645 1,543 1,211 1,348 1,211 11.3

 Defense search and navigation

 equipment..................................... 2,855 2,717 2,723 5.1 -0.2 1.8 2,379 2,982 2,959 2,124 2,379 2,124 12.0

 Electromedical, measuring,

 and control instruments................. 9,606 9,676 9,599 -0.7 0.8 2.6 8,159 11,236 9,486 7,209 8,159 7,209 13.2

 Electrical equipment, appliances, 

 and components................................... 10,318 10,228 10,170 0.9 0.6 -0.1 9,369 9,943 10,063 8,805 9,369 8,805 6.4

 Electric lighting equipment..................... 1,051 1,040 1,044 1.1 -0.4 -0.1 957 1,046 1,071 960 957 960 -0.3

 Household appliances........................ 1,514 1,546 1,517 -2.1 1.9 -0.7 1,266 1,555 1,573 1,314 1,266 1,314 -3.7

 Electrical equipment............................ 2,671 2,680 2,675 -0.3 0.2 0.5 2,395 2,639 2,587 2,456 2,395 2,456 -2.5

 Batteries........................................... 932 916 929 1.7 -1.4 -0.6 867 928 1,066 822 867 822 5.5

 Transportation equipment........................ 81,466 80,910 81,432 0.7 -0.6 2.8 71,943 78,369 80,915 67,037 71,943 67,037 7.3

 Automobiles..................................... 7,767 7,860 7,924 -1.2 -0.8 1.1 7,414 7,065 8,105 7,818 7,414 7,818 -5.2

 Light trucks and utility vehicles.............. 17,428 17,192 17,221 1.4 -0.2 1.7 15,646 16,023 17,279 14,033 15,646 14,033 11.5

 Heavy duty trucks ............................. 2,732 2,707 2,691 0.9 0.6 0.7 2,413 2,294 2,563 1,837 2,413 1,837 31.4

 Motor vehicle bodies, parts, 

 and trailers.................................... 28,483 28,380 28,306 0.4 0.3 1.6 26,839 24,210 27,431 24,959 26,839 24,959 7.5

 Nondefense aircraft and parts................ 11,434 11,371 12,037 0.6 -5.5 11.4 8,781 14,090 12,062 8,863 8,781 8,863 -0.9

 Defense aircraft and parts.................. 4,228 4,233 4,186 -0.1 1.1 -2.1 3,104 5,207 4,373 2,609 3,104 2,609 19.0

 Ships and boats................................. 3,207 3,159 3,105 1.5 1.7 1.0 2,617 3,252 3,247 2,456 2,617 2,456 6.6

 Furniture and related products.................. 6,575 6,650 6,727 -1.1 -1.1 1.5 6,167 6,521 6,598 6,071 6,167 6,071 1.6

 Miscellaneous durable goods................. 12,988 13,227 12,960 -1.8 2.1 0.5 12,241 13,859 12,856 11,256 12,241 11,256 8.8

 Nondurable goods industries..................... 251,657 249,565 247,223 0.8 0.9 1.6 239,463 240,790 243,961 222,108 239,463 222,108 7.8

 Food products....................................... 68,782 68,436 67,990 0.5 0.7 -1.1 66,683 68,307 69,745 64,468 66,683 64,468 3.4

 Grain and oilseed milling....................... 7,680 7,703 7,583 -0.3 1.6 0.7 7,901 7,839 8,062 7,501 7,901 7,501 5.3

 Dairy products.................................. 9,486 9,532 9,539 -0.5 -0.1 -0.8 9,311 9,606 9,933 9,588 9,311 9,588 -2.9

 Meat, poultry, and seafood products... 19,762 19,476 19,204 1.5 1.4 -2.6 18,723 18,830 19,097 18,046 18,723 18,046 3.8

 Beverage and tobacco products................ 12,840 12,837 12,676 0.0 1.3 -0.3 11,914 12,326 12,731 11,977 11,914 11,977 -0.5

 Beverages......................................... 9,137 8,960 9,008 2.0 -0.5 -2.2 8,211 8,449 9,063 8,574 8,211 8,574 -4.2

 Tobacco............................................ 3,703 3,877 3,668 -4.5 5.7 4.7 3,703 3,877 3,668 3,403 3,703 3,403 8.8

 Textile mills........................................... 2,633 2,647 2,647 -0.5 0.0 -0.6 2,469 2,322 2,533 2,411 2,469 2,411 2.4

 Textile products................................... 2,269 2,267 2,286 0.1 -0.8 1.8 2,073 2,034 2,176 1,979 2,073 1,979 4.7

 Apparel................................................ 1,092 1,077 1,057 1.4 1.9 2.3 999 1,012 1,215 954 999 954 4.7

 Leather and allied products...................... 364 372 379 -2.2 -1.8 -2.3 335 366 360 370 335 370 -9.5

 Paper products...................................... 16,477 16,418 16,351 0.4 0.4 0.2 16,396 15,757 16,064 15,236 16,396 15,236 7.6

 Pulp, paper, and paperboard mills....... 6,653 6,652 6,670 0.0 -0.3 -1.0 6,758 6,492 6,512 6,555 6,758 6,555 3.1

 Paperboard containers........................ 5,655 5,608 5,565 0.8 0.8 1.2 5,666 5,116 5,491 5,279 5,666 5,279 7.3

 Printing................................................. 6,368 6,344 6,384 0.4 -0.6 1.0 6,169 6,169 6,608 6,221 6,169 6,221 -0.8

 Petroleum and coal products.................. 52,483 50,709 49,522 3.5 2.4 5.8 47,994 48,545 48,709 39,378 47,994 39,378 21.9

 Petroleum refineries.......................... 47,940 46,125 45,113 3.9 2.2 6.0 44,417 44,986 44,622 36,541 44,417 36,541 21.6

 Chemical products..................................... 68,060 68,123 67,707 -0.1 0.6 2.5 65,354 65,668 64,687 60,703 65,354 60,703 7.7

 Pesticides, fertilizers, and other

 agricultural chemicals....................... 3,003 3,047 2,959 -1.4 3.0 4.0 2,535 2,663 2,443 2,488 2,535 2,488 1.9

 Pharmaceuticals and medicines............. 23,704 23,824 23,720 -0.5 0.4 2.6 23,523 23,828 23,189 20,421 23,523 20,421 15.2

 Paints, coatings, and adhesives.......... 4,067 4,005 3,904 1.5 2.6 0.4 3,622 3,223 3,444 3,156 3,622 3,156 14.8

 Plastics and rubber products.................. 20,289 20,335 20,224 -0.2 0.5 0.9 19,077 18,284 19,133 18,411 19,077 18,411 3.6

Year to date

p

 Preliminary 

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

1

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

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

of the latest annual review of the model parameters. Estimates are not adjusted for price changes. 2

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

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

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

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

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, January Full Report, March 6, 2018. 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

Jan. Dec. Nov. Dec. - Nov. - Oct. - Jan. Dec. Nov. Jan. 2018/

2018p 2017r 2017 Jan. Dec. Nov. 2018p 2017r 2017 2017 2018p 2017 2017

All manufacturing industries2........................ 491,686 498,632 489,700 -1.4 1.8 1.7 459,907 494,487 480,859 424,230 459,907 424,230 8.4

 Excluding transportation2

...................... 413,827 412,161 408,567 0.4 0.9 1.1 392,817 397,899 397,652 362,475 392,817 362,475 8.4

 Excluding defense2

.............................. 480,700 484,756 477,282 -0.8 1.6 1.6 451,081 475,441 468,558 414,354 451,081 414,354 8.9

 With unfilled orders2............................. 171,693 180,630 174,380 -4.9 3.6 2.2 158,634 190,164 170,868 144,748 158,634 144,748 9.6

 Durable goods industries2

......................... 240,029 249,067 242,477 -3.6 2.7 1.7 220,444 253,697 236,898 202,122 220,444 202,122 9.1

 Primary metals........................................ 20,837 20,905 20,615 -0.3 1.4 1.9 21,550 18,926 19,689 18,912 21,550 18,912 13.9

 Iron and steel mills.............................. 9,886 9,816 9,795 0.7 0.2 1.1 10,550 9,002 9,384 8,916 10,550 8,916 18.3

 Aluminum and nonferrous metals.......... 9,663 9,796 9,446 -1.4 3.7 2.9 9,656 8,737 9,010 8,712 9,656 8,712 10.8

 Ferrous metal foundries....................... 1,288 1,293 1,374 -0.4 -5.9 0.9 1,344 1,187 1,295 1,284 1,344 1,284 4.7

 Fabricated metal products........................ 34,271 34,012 33,380 0.8 1.9 0.3 33,304 30,295 31,215 29,690 33,304 29,690 12.2

 Machinery............................................. 32,941 33,073 32,890 -0.4 0.6 -0.3 31,724 32,598 30,563 28,868 31,724 28,868 9.9

 Construction machinery........................ 2,169 2,120 2,192 2.3 -3.3 -4.3 2,309 2,216 2,340 2,061 2,309 2,061 12.0

 Mining, oil field, and

 gas field machinery.......................... 1,070 1,175 1,119 -8.9 5.0 1.5 1,036 1,208 1,059 849 1,036 849 22.0

 Industrial machinery............................ 2,998 2,884 2,813 4.0 2.5 -4.4 2,934 3,244 2,376 2,699 2,934 2,699 8.7

 Photographic equipment....................... 481 577 488 -16.6 18.2 -1.8 429 642 477 476 429 476 -9.9

 Ventilation, heating, air-conditioning,

 and refrigeration equipment............... 4,076 4,129 4,015 -1.3 2.8 4.3 3,610 3,827 3,602 3,217 3,610 3,217 12.2

 Metalworking machinery....................... 3,402 3,297 3,274 3.2 0.7 10.4 3,337 3,452 3,301 2,632 3,337 2,632 26.8

 Turbines, generators, and other 

 power transmission equipment........... 4,168 4,124 4,266 1.1 -3.3 1.4 4,052 4,028 4,248 3,831 4,052 3,831 5.8

 Material handling equipment.................. 2,915 2,841 2,981 2.6 -4.7 -1.6 2,793 3,086 2,837 2,678 2,793 2,678 4.3

 Computers and electronic products2

........... 24,105 23,981 23,925 0.5 0.2 -0.8 20,754 27,987 23,150 19,079 20,754 19,079 8.8

 Computers........................................ 659 661 700 -0.3 -5.6 -1.3 526 810 669 650 526 650 -19.1

 Nondefense communications

 equipment...................................... 3,255 3,054 3,115 6.6 -2.0 -5.3 2,594 3,980 2,838 2,429 2,594 2,429 6.8

 Defense communications equipment....... 242 227 253 6.6 -10.3 -14.5 197 212 235 191 197 191 3.1

 Electronic components......................... 4,424 4,406 4,325 0.4 1.9 0.8 4,160 4,436 3,905 3,645 4,160 3,645 14.1

 Nondefense search and navigation

 equipment...................................... 1,453 1,776 1,551 -18.2 14.5 -2.9 1,438 1,472 1,746 1,333 1,438 1,333 7.9

 Defense search and navigation

 equipment...................................... 2,564 2,454 2,560 4.5 -4.1 -2.4 2,042 3,221 2,490 2,151 2,042 2,151 -5.1

 Electromedical, measuring,

 and control instruments..................... 9,686 9,719 9,691 -0.3 0.3 1.8 8,366 11,563 9,617 7,354 8,366 7,354 13.8

 Electrical equipment, appliances, 

 and components................................... 10,018 10,075 10,362 -0.6 -2.8 0.4 9,618 10,028 10,068 9,507 9,618 9,507 1.2

 Electric lighting equipment..................... 1,048 1,020 1,057 2.7 -3.5 -1.9 1,009 993 1,062 1,014 1,009 1,014 -0.5

 Household appliances.......................... 1,527 1,522 1,503 0.3 1.3 -1.8 1,336 1,532 1,582 1,360 1,336 1,360 -1.8

 Electrical equipment............................ 2,596 2,720 2,743 -4.6 -0.8 -0.6 2,513 2,609 2,657 2,688 2,513 2,688 -6.5

 Transportation equipment........................ 77,859 86,471 81,133 -10.0 6.6 4.5 67,090 96,588 83,207 61,755 67,090 61,755 8.6

 Motor vehicle bodies, parts, 

 and trailers..................................... 28,615 28,750 28,628 -0.5 0.4 2.4 27,087 25,301 28,038 25,158 27,087 25,158 7.7

 Nondefense aircraft and parts................ 10,367 14,486 12,475 -28.4 16.1 14.1 5,839 26,204 15,297 3,143 5,839 3,143 85.8

 Defense aircraft and parts.................... 2,760 5,069 3,430 -45.6 47.8 3.4 2,436 7,438 3,342 3,747 2,436 3,747 -35.0

 Ships and boats.................................. 2,498 2,341 2,734 6.7 -14.4 2.6 2,185 2,601 2,935 2,376 2,185 2,376 -8.0

 Furniture and related products................... 6,628 6,747 6,830 -1.8 -1.2 2.7 6,437 5,793 6,749 6,369 6,437 6,369 1.1

 Nondurable goods industries..................... 251,657 249,565 247,223 0.8 0.9 1.6 239,463 240,790 243,961 222,108 239,463 222,108 7.8

Year to date

p

 Preliminary 

r

 Revised data due to late receipts and concurrent seasonal adjustment. 

1

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

and new orders include adjusted data for non-calendar reporters. Seasonally adjusted estimates include concurrent adjustments for holiday and trading-day differences, where appropriate, as well as seasonal 

variation, based on the results of the latest annual review of the model parameters. Estimates are not adjusted for price changes. 2

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

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

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

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

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, January Full Report, March 6, 2018. 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 January

Jan. Dec. Nov. Dec. - Nov. - Oct. - Jan. Dec. Nov. Jan. 2018/

2018p 2017r 2017 Jan. Dec. Nov. 2018p 2017r 2017 2017 2017

All manufacturing industries2...................... 1,141,210 1,144,124 1,137,311 -0.3 0.6 0.1 1,145,370 1,144,619 1,126,266 1,123,334 2.0

 Excluding transportation2...................... 369,353 368,660 367,408 0.2 0.3 0.5 367,308 361,704 361,570 350,537 4.8

 Excluding defense2

............................. 966,739 967,033 960,857 0.0 0.6 0.2 970,277 967,369 953,050 942,957 2.9

 Durable goods industries2........................ 1,141,210 1,144,124 1,137,311 -0.3 0.6 0.1 1,145,370 1,144,619 1,126,266 1,123,334 2.0

 Primary metals........................................ 31,719 31,627 31,412 0.3 0.7 1.3 31,960 31,221 30,596 29,395 8.7

 Iron and steel mills............................... 16,299 16,101 15,887 1.2 1.3 1.4 16,448 15,658 15,224 14,573 12.9

 Aluminum and nonferrous metals............. 11,035 11,100 11,061 -0.6 0.4 1.3 11,060 11,205 11,029 10,761 2.8

 Ferrous metal foundries........................ 4,385 4,426 4,464 -0.9 -0.9 1.2 4,452 4,358 4,343 4,061 9.6

 Fabricated metal products......................... 82,512 81,921 81,271 0.7 0.8 0.5 80,858 79,351 79,416 74,365 8.7

 Machinery.............................................. 102,238 102,054 101,734 0.2 0.3 0.4 102,581 100,281 100,689 98,106 4.6

 Construction machinery......................... 5,857 5,919 6,040 -1.0 -2.0 -1.1 6,228 5,877 5,869 5,180 20.2

 Mining, oil field, and

 gas field machinery.......................... 5,210 5,274 5,234 -1.2 0.8 -0.6 5,191 5,235 5,280 5,141 1.0

 Industrial machinery............................. 8,141 8,077 8,042 0.8 0.4 -1.9 8,206 7,713 7,854 8,316 -1.3

 Photographic equipment........................ 1,266 1,297 1,213 -2.4 6.9 0.8 1,304 1,310 1,234 1,422 -8.3

 Ventilation, heating, air-conditioning,

 and refrigeration equipment................ 6,729 6,617 6,362 1.7 4.0 2.6 6,695 6,346 6,162 5,726 16.9

 Metalworking machinery........................ 8,114 7,955 7,896 2.0 0.7 1.8 8,033 7,706 7,773 8,022 0.1

 Turbines, generators, and other 

 power transmission equipment............ 29,116 29,136 29,332 -0.1 -0.7 0.1 29,189 29,143 29,233 29,917 -2.4

 Material handling equipment................... 12,957 12,989 13,038 -0.2 -0.4 1.1 12,885 12,787 12,633 11,435 12.7

 Computers and electronic products2............. 119,997 119,923 119,776 0.1 0.1 0.2 119,683 119,143 118,494 116,764 2.5

 Computers......................................... 2,010 2,005 1,971 0.2 1.7 1.0 2,010 2,005 1,971 1,695 18.6

 Nondefense communications

 equipment...................................... 26,982 26,778 26,773 0.8 0.0 0.6 26,667 26,486 26,471 24,511 8.8

 Defense communications equipment........ 1,677 1,682 1,690 -0.3 -0.5 0.8 1,640 1,645 1,667 1,556 5.4

 Electronic components.......................... 12,071 11,915 11,779 1.3 1.2 0.8 12,163 11,764 11,535 11,327 7.4

 Nondefense search and navigation

 equipment....................................... 18,942 19,017 18,817 -0.4 1.1 0.1 18,924 18,834 19,007 18,082 4.7

 Defense search and navigation

 equipment....................................... 26,178 26,469 26,732 -1.1 -1.0 -0.6 26,112 26,449 26,210 27,930 -6.5

 Electromedical, measuring,

 and control instruments...................... 32,137 32,057 32,014 0.2 0.1 0.3 32,167 31,960 31,633 31,663 1.6

 Electrical equipment, appliances, 

 and components.................................... 22,309 22,609 22,762 -1.3 -0.7 0.9 22,351 22,102 22,017 22,339 0.1

 Electric lighting equipment..................... 1,628 1,631 1,651 -0.2 -1.2 0.8 1,611 1,559 1,612 1,485 8.5

 Household appliances........................... 1,160 1,147 1,171 1.1 -2.0 -1.2 1,218 1,148 1,171 1,105 10.2

 Electrical equipment............................. 8,321 8,396 8,356 -0.9 0.5 0.8 8,350 8,232 8,262 8,383 -0.4

 Transportation equipment......................... 771,857 775,464 769,903 -0.5 0.7 0.0 778,062 782,915 764,696 772,797 0.7

 Motor vehicle bodies, parts, 

 and trailers...................................... 24,764 24,632 24,262 0.5 1.5 1.3 25,009 24,761 23,670 23,099 8.3

 Nondefense aircraft and parts................ 581,175 582,242 579,127 -0.2 0.5 0.1 586,277 589,219 577,105 578,059 1.4

 Defense aircraft and parts..................... 70,932 72,400 71,564 -2.0 1.2 -1.0 71,424 72,092 69,861 72,538 -1.5

 Ships and boats.................................. 22,612 23,321 24,139 -3.0 -3.4 -1.5 22,637 23,069 23,720 25,551 -11.4

 Furniture and related products................... 9,853 9,800 9,703 0.5 1.0 1.1 9,150 8,880 9,608 8,864 3.2

p

 Preliminary 

r

 Revised data due to late receipts and concurrent seasonal adjustment. 

1

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

shipments and new orders include adjusted data for non-calendar reporters. Seasonally adjusted estimates include concurrent adjustments for holiday and trading-day differences, where appropriate, 

as well as seasonal variation, based on the results of the latest annual review of the model parameters. Estimates are not adjusted for price changes. 2

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

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

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

data limitations see <http://www.census.gov/manufacturing/m3/>. 

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, January Full Report, March 6, 2018. 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 January

Jan. Dec. Nov. Dec. - Nov. - Oct. - Jan. Dec. Nov. Jan. 2018/

2018p 2017r 2017 Jan. Dec. Nov. 2018p 2017r 2017 2017 2017

 All manufacturing industries...................... 672,434 670,373 665,900 0.3 0.7 0.5 671,258 653,941 666,877 643,545 4.3

 Excluding transportation........................ 540,549 539,216 535,343 0.2 0.7 0.7 539,276 526,319 535,811 514,152 4.9

 Excluding defense............................. 645,118 642,843 638,613 0.4 0.7 0.6 644,136 626,604 639,645 617,549 4.3

 With unfilled orders............................. 332,764 331,669 330,122 0.3 0.5 0.3 331,669 322,796 330,472 317,718 4.4

 Durable goods industries........................ 408,819 407,477 405,427 0.3 0.5 0.3 408,448 396,785 405,615 391,176 4.4

 Wood products........................................ 12,011 12,016 11,939 0.0 0.6 0.7 12,382 11,944 11,926 11,853 4.5

 Nonmetallic mineral products..................... 13,650 13,672 13,636 -0.2 0.3 0.9 13,681 13,361 13,189 13,074 4.6

 Primary metals......................................... 34,487 34,367 34,237 0.3 0.4 0.4 34,642 34,155 34,128 31,887 8.6

 Iron and steel mills............................... 19,493 19,330 19,121 0.8 1.1 0.6 19,575 19,289 19,117 17,872 9.5

 Aluminum and nonferrous metals............ 12,951 13,009 13,097 -0.4 -0.7 0.2 13,022 12,892 13,016 12,091 7.7

 Ferrous metal foundries........................ 2,043 2,028 2,019 0.7 0.4 -0.5 2,045 1,974 1,995 1,924 6.3

 Fabricated metal products......................... 51,351 51,186 50,880 0.3 0.6 0.8 51,282 50,376 50,424 47,961 6.9

 Machinery.............................................. 70,329 70,330 69,975 0.0 0.5 0.5 69,972 67,793 70,580 66,369 5.4

 Farm machinery.................................. 3,740 3,700 3,670 1.1 0.8 -5.0 3,887 3,839 3,746 3,607 7.8

 Construction machinery......................... 5,561 5,509 5,433 0.9 1.4 2.4 5,520 5,378 5,441 5,230 5.5

 Mining, oil field, 

 and gas field machinery.................... 7,776 7,772 7,751 0.1 0.3 -0.6 7,816 7,505 7,678 7,952 -1.7

 Industrial machinery............................. 7,787 7,852 7,765 -0.8 1.1 0.7 7,645 7,716 7,877 7,273 5.1

 Photographic equipment....................... 1,353 1,379 1,414 -1.9 -2.5 2.3 1,368 1,328 1,455 1,407 -2.8

 Ventilation, heating, air-conditioning,

 and refrigeration equipment............... 5,151 5,152 5,189 0.0 -0.7 0.0 4,997 4,713 5,102 4,730 5.6

 Metalworking machinery........................ 6,043 5,988 5,944 0.9 0.7 0.8 5,981 5,831 6,023 5,641 6.0

 Turbines, generators, and other

 power transmission equipment............ 10,276 10,261 10,174 0.1 0.9 1.8 10,116 9,598 10,436 8,962 12.9

 Material handling equipment.................. 5,520 5,427 5,377 1.7 0.9 1.2 5,337 4,950 5,454 4,611 15.7

 Computers and electronic products2

............ 45,558 45,442 45,338 0.3 0.2 0.4 45,125 43,661 45,459 43,472 3.8

 Computers......................................... 1,863 1,846 1,820 0.9 1.4 0.8 1,833 1,685 1,805 1,736 5.6

 Computer storage devices.................... 1,394 1,394 1,408 0.0 -1.0 -1.2 1,414 1,282 1,438 1,416 -0.1

 Other peripheral equipment................... 1,105 1,131 1,136 -2.3 -0.4 -1.2 1,112 1,063 1,166 1,179 -5.7

 Nondefense communications

 equipment...................................... 4,028 4,015 4,020 0.3 -0.1 0.0 3,996 3,802 4,136 3,932 1.6

 Defense communications equipment........ 577 570 571 1.2 -0.2 2.3 577 570 571 549 5.1

 Audio and video equipment.................... 636 624 604 1.9 3.3 -0.2 631 593 643 692 -8.8

 Electronic components.......................... 7,879 7,959 7,928 -1.0 0.4 0.0 7,958 7,709 7,827 7,653 4.0

 Nondefense search and navigation

 equipment...................................... 3,119 3,091 3,119 0.9 -0.9 -0.3 3,119 3,009 3,096 3,083 1.2

 Defense search and navigation

 equipment....................................... 3,140 3,128 3,144 0.4 -0.5 -0.2 3,107 3,011 3,070 3,094 0.4

 Electromedical, measuring 

 and control instruments...................... 14,942 14,889 14,747 0.4 1.0 0.6 14,604 14,313 14,999 14,096 3.6

 Electrical equipment, appliances, 

 and components.................................... 18,290 18,133 17,910 0.9 1.2 0.5 18,203 17,332 17,680 17,013 7.0

 Electric lighting equipment..................... 2,249 2,246 2,236 0.1 0.4 1.0 2,284 2,148 2,201 2,125 7.5

 Household appliances........................... 2,568 2,537 2,503 1.2 1.4 1.6 2,534 2,276 2,414 2,343 8.2

 Electrical equipment............................. 5,032 4,914 4,908 2.4 0.1 -0.4 5,040 4,756 4,943 4,817 4.6

 Batteries............................................ 1,802 1,804 1,788 -0.1 0.9 0.8 1,724 1,670 1,715 1,627 6.0

 Transportation equipment......................... 131,885 131,157 130,557 0.6 0.5 -0.3 131,982 127,622 131,066 129,393 2.0

 Automobiles....................................... 4,492 4,428 4,339 1.4 2.1 -0.3 4,545 4,156 4,338 4,223 7.6

 Light trucks and utility vehicles.............. 3,939 3,869 3,778 1.8 2.4 0.3 4,072 3,526 3,994 3,618 12.5

 Heavy duty trucks ............................... 1,985 1,995 1,969 -0.5 1.3 -3.4 2,055 1,872 1,905 2,119 -3.0

 Motor vehicle bodies, parts, 

 and trailers...................................... 24,983 24,861 24,611 0.5 1.0 0.5 25,185 24,412 24,564 24,769 1.7

 Nondefense aircraft and parts................ 67,765 67,058 67,194 1.1 -0.2 0.0 67,649 65,020 67,515 67,029 0.9

 Defense aircraft and parts..................... 13,184 13,400 13,353 -1.6 0.4 -0.6 13,098 13,321 13,383 12,084 8.4

 Ships and boats.................................. 3,251 3,176 3,183 2.4 -0.2 -3.4 3,212 3,179 3,203 3,344 -3.9

 Furniture and related products.................... 8,070 8,014 7,906 0.7 1.4 0.5 8,052 7,787 7,902 7,455 8.0

 Miscellaneous durable goods..................... 23,188 23,160 23,049 0.1 0.5 -0.1 23,127 22,754 23,261 22,699 1.9

 Nondurable goods industries...................... 263,615 262,896 260,473 0.3 0.9 0.9 262,810 257,156 261,262 252,369 4.1

 Food products........................................ 55,543 55,705 55,347 -0.3 0.6 -0.1 55,191 55,332 57,501 55,150 0.1

 Grain and oilseed milling........................ 5,425 5,500 5,492 -1.4 0.1 0.1 5,665 5,765 5,786 5,936 -4.6

 Dairy products.................................... 8,106 8,282 8,178 -2.1 1.3 0.1 7,878 7,770 7,802 8,056 -2.2

 Meat, poultry, and seafood products....... 9,240 9,192 9,221 0.5 -0.3 -0.1 9,075 8,886 9,500 8,976 1.1

 Beverage and tobacco products................ 23,968 23,827 23,597 0.6 1.0 0.9 24,337 23,831 24,019 23,853 2.0

 Beverages......................................... 19,522 19,402 19,182 0.6 1.1 1.1 19,652 19,224 19,349 19,272 2.0

 Tobacco............................................ 4,446 4,425 4,415 0.5 0.2 0.0 4,685 4,607 4,670 4,581 2.3

 Textile mills............................................ 3,344 3,327 3,293 0.5 1.0 0.5 3,336 3,272 3,251 3,166 5.4

 Textile products...................................... 3,436 3,440 3,436 -0.1 0.1 -0.2 3,461 3,366 3,414 3,388 2.2

 Apparel................................................. 2,083 2,069 2,029 0.7 2.0 -0.3 2,080 1,928 1,950 2,096 -0.8

 Leather and allied products....................... 797 791 785 0.8 0.8 0.3 787 766 780 777 1.3

 Paper products....................................... 15,747 15,748 15,683 0.0 0.4 0.7 15,852 15,668 15,522 15,737 0.7

 Pulp, paper, and paperboard mills........... 6,179 6,170 6,167 0.1 0.0 0.2 6,210 6,199 6,089 6,293 -1.3

 Paperboard containers......................... 5,062 5,064 5,067 0.0 -0.1 1.4 5,139 5,068 5,011 4,965 3.5

 Printing.................................................. 5,519 5,520 5,479 0.0 0.7 1.3 5,386 5,358 5,480 5,359 0.5

 Petroleum and coal products..................... 42,435 41,716 40,494 1.7 3.0 4.0 41,839 40,150 40,443 35,209 18.8

 Petroleum refineries............................. 37,705 36,901 35,741 2.2 3.2 4.3 37,005 35,343 35,757 30,523 21.2

 Chemical products..................................... 84,541 84,583 84,305 0.0 0.3 0.3 84,403 82,040 83,199 82,610 2.2

 Pesticides, fertilizers, and other

 agricultural chemicals........................ 3,904 3,987 4,078 -2.1 -2.2 -0.7 4,248 4,140 4,079 4,586 -7.4

 Pharmaceuticals and medicines.............. 35,579 35,468 35,396 0.3 0.2 0.3 35,247 33,978 34,959 34,727 1.5

 Paints, coatings, and adhesives.............. 4,028 4,018 3,994 0.2 0.6 0.4 4,039 3,855 3,853 3,737 8.1

 Plastics and rubber products..................... 26,202 26,170 26,025 0.1 0.6 0.5 26,138 25,445 25,703 25,024 4.5

p Preliminary 

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

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

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

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

2

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

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

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

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

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, January Full Report, March 6, 2018. 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

Jan. Dec. Nov. Dec. - Nov. - Oct. - Jan. Dec. Nov. Jan. 2018/

2018p 2017r 2017 Jan. Dec. Nov. 2018p 2017r 2017 2017 2018p 2017 2017

SHIPMENTS

 All manufacturing industries................... 498,766 495,986 492,505 0.6 0.7 1.4 464,588 480,023 482,925 430,018 464,588 430,018 8.0

 Construction materials and supplies....... 51,921 52,008 51,321 -0.2 1.3 1.3 46,083 45,074 48,675 42,522 46,083 42,522 8.4

 Information technology......................... 24,425 24,103 23,945 1.3 0.7 1.2 20,772 27,472 23,505 18,538 20,772 18,538 12.1

 Computers and related products........... 1,929 1,782 1,889 8.2 -5.7 -3.4 1,476 2,433 1,668 1,516 1,476 1,516 -2.6

 Motor vehicle and parts......................... 56,410 56,139 56,142 0.5 0.0 1.5 52,312 49,592 55,378 48,647 52,312 48,647 7.5

 Capital goods...................................... 85,838 85,560 85,647 0.3 -0.1 1.9 74,344 93,076 83,454 67,139 74,344 67,139 10.7

 Nondefense capital goods3

.................. 74,308 74,389 74,537 -0.1 -0.2 2.0 64,972 80,689 71,602 59,173 64,972 59,173 9.8

 Excluding aircraft............................. 67,053 67,111 66,637 -0.1 0.7 0.3 60,083 70,929 63,602 54,298 60,083 54,298 10.7

 Defense capital goods4

........................ 11,530 11,171 11,110 3.2 0.5 1.4 9,372 12,387 11,852 7,966 9,372 7,966 17.7

 Consumer goods.................................. 208,850 206,667 204,939 1.1 0.8 1.4 198,197 202,152 205,524 181,850 198,197 181,850 9.0

 Consumer durable goods..................... 38,757 38,696 38,722 0.2 -0.1 1.1 35,324 36,650 38,820 33,596 35,324 33,596 5.1

 Consumer nondurable goods................ 170,093 167,971 166,217 1.3 1.1 1.5 162,873 165,502 166,704 148,254 162,873 148,254 9.9

 All manufacturing industries5

................... 491,686 498,632 489,700 -1.4 1.8 1.7 459,907 494,487 480,859 424,230 459,907 424,230 8.4

 Construction materials and supplies....... 52,381 52,600 51,643 -0.4 1.9 1.4 47,219 45,076 48,251 43,421 47,219 43,421 8.7

 Information technology......................... 24,077 24,049 24,218 0.1 -0.7 -0.6 20,916 28,159 23,423 19,533 20,916 19,533 7.1

 Computers and related products........... 1,934 1,816 1,909 6.5 -4.9 -3.9 1,481 2,467 1,688 1,522 1,481 1,522 -2.7

 Motor vehicle and parts......................... 56,542 56,509 56,464 0.1 0.1 1.9 52,560 50,683 55,985 48,846 52,560 48,846 7.6

 Capital goods...................................... 82,840 87,328 85,837 -5.1 1.7 2.7 72,147 104,933 85,387 65,686 72,147 65,686 9.8

 Nondefense capital goods3

.................. 73,662 74,876 75,119 -1.6 -0.3 2.1 64,667 87,967 75,385 57,628 64,667 57,628 12.2

 Excluding aircraft............................. 66,713 66,929 67,256 -0.3 -0.5 0.1 62,473 69,735 63,905 57,808 62,473 57,808 8.1

 Defense capital goods4

........................ 9,178 12,452 10,718 -26.3 16.2 6.6 7,480 16,966 10,002 8,058 7,480 8,058 -7.2

 Consumer goods.................................. 208,882 206,543 204,966 1.1 0.8 1.4 198,536 201,797 205,763 182,070 198,536 182,070 9.0

 Consumer durable goods..................... 38,789 38,572 38,749 0.6 -0.5 1.1 35,663 36,295 39,059 33,816 35,663 33,816 5.5

 Consumer nondurable goods.............. 170,093 167,971 166,217 1.3 1.1 1.5 162,873 165,502 166,704 148,254 162,873 148,254 9.9

 All manufacturing industries5

................... 1,141,210 1,144,124 1,137,311 -0.3 0.6 0.1 1,145,370 1,144,619 1,126,266 1,123,334 (X) (X) 2.0

 Construction materials and supplies....... 55,202 54,742 54,150 0.8 1.1 0.6 54,045 52,909 52,907 49,574 (X) (X) 9.0

 Information technology......................... 120,392 120,740 120,794 -0.3 0.0 0.2 119,996 119,852 119,165 118,225 (X) (X) 1.5

 Computers and related products........... 2,010 2,005 1,971 0.2 1.7 1.0 2,010 2,005 1,971 1,695 (X) (X) 18.6

 Motor vehicle and parts......................... 24,764 24,632 24,262 0.5 1.5 1.3 25,009 24,761 23,670 23,099 (X) (X) 8.3

 Capital goods...................................... 847,213 850,211 848,443 -0.4 0.2 0.0 851,383 853,580 841,723 842,724 (X) (X) 1.0

 Nondefense capital goods3

.................. 706,238 706,884 706,397 -0.1 0.1 0.1 709,806 710,111 702,833 697,144 (X) (X) 1.8

 Excluding aircraft............................. 228,795 229,135 229,317 -0.1 -0.1 0.3 227,784 225,394 226,588 223,075 (X) (X) 2.1

 Defense capital goods4........................ 140,975 143,327 142,046 -1.6 0.9 -0.3 141,577 143,469 138,890 145,580 (X) (X) -2.7

 Consumer goods.................................. 5,366 5,334 5,458 0.6 -2.3 0.5 5,499 5,160 5,515 5,224 (X) (X) 5.3

 Consumer durable goods..................... 5,366 5,334 5,458 0.6 -2.3 0.5 5,499 5,160 5,515 5,224 (X) (X) 5.3

 All manufacturing industries................... 672,434 670,373 665,900 0.3 0.7 0.5 671,258 653,941 666,877 643,545 (X) (X) 4.3

 Construction materials and supplies....... 69,231 69,025 68,790 0.3 0.3 0.9 69,531 67,517 67,745 65,518 (X) (X) 6.1

 Information technology......................... 39,021 38,922 38,679 0.3 0.6 0.4 38,608 37,365 39,024 37,503 (X) (X) 2.9

 Computers and related products........... 4,362 4,371 4,364 -0.2 0.2 -0.4 4,359 4,030 4,409 4,331 (X) (X) 0.6

 Motor vehicle and parts......................... 35,399 35,153 34,697 0.7 1.3 0.1 35,857 33,966 34,801 34,729 (X) (X) 3.2

 Capital goods...................................... 205,241 204,386 203,474 0.4 0.4 0.1 203,838 197,829 204,834 196,685 (X) (X) 3.6

 Nondefense capital goods3

.................. 182,081 181,076 180,412 0.6 0.4 0.3 180,786 174,633 181,857 175,085 (X) (X) 3.3

 Excluding aircraft............................. 125,764 125,521 124,712 0.2 0.6 0.3 124,667 121,104 125,845 119,685 (X) (X) 4.2

 Defense capital goods4........................ 23,160 23,310 23,062 -0.6 1.1 -1.5 23,052 23,196 22,977 21,600 (X) (X) 6.7

 Consumer goods.................................. 202,726 201,702 199,360 0.5 1.2 0.9 202,319 196,842 201,658 193,181 (X) (X) 4.7

 Consumer durable goods..................... 30,283 30,070 29,720 0.7 1.2 0.1 30,796 28,877 30,000 29,344 (X) (X) 4.9

 Consumer nondurable goods................ 172,443 171,632 169,640 0.5 1.2 1.1 171,523 167,965 171,658 163,837 (X) (X) 4.7

NEW ORDERS 

UNFILLED ORDERS 

TOTAL INVENTORIES 

X

 Not Applicable 

p

 Preliminary 

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

1

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

include adjusted data for 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 Topical series are regroupings of the separate industry categories. 

3

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

machinery; photographic equipment; metalworking machinery; turbines and generators; other power transmission equipment; pumps and compressors; material handling equipment; all other machinery; electronic computers; 

computer storage devices; other computer peripheral equipment; communications equipment; search and navigation equipment; electromedical, measuring, and control instruments; electrical equipment; other electrical 

equipment, appliances, and components; heavy duty trucks; aircraft; railroad rolling stock; ships and boats; office and institutional furniture; and medical equipment and supplies. 4

 Defense capital goods industries include: small arms and ordnance; communications equipment; aircraft; missiles, space vehicles, and parts; ships and boats; and search and navigation equipment. 5 Estimates and percent changes exclude semiconductor industry data. 6

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

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

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

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

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, January Full Report, March 6, 2018. 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 January

Jan. Dec. Nov. Dec. - Nov. - Oct. - Jan. Dec. Nov. Jan. 2018/

2018p 2017r 2017 Jan. Dec. Nov. 2018p 2017r 2017 2017 2017

MATERIALS AND SUPPLIES

 All manufacturing industries....................... 228,192 227,677 227,039 0.2 0.3 0.4 228,813 225,719 226,676 218,567 4.7

 Durable goods industries.......................... 137,454 136,855 136,339 0.4 0.4 0.1 137,721 135,638 136,121 131,865 4.4

 Wood products................................... 4,979 4,987 4,930 -0.2 1.2 1.4 5,196 5,142 5,045 4,963 4.7

 Nonmetallic mineral products................. 5,658 5,578 5,541 1.4 0.7 0.8 5,659 5,529 5,481 5,337 6.0

 Primary metals.................................... 12,925 12,827 12,755 0.8 0.6 -0.1 13,100 13,077 12,982 12,152 7.8

 Fabricated metal products........................ 18,625 18,616 18,498 0.0 0.6 0.1 18,626 18,584 18,353 17,562 6.1

 Machinery.......................................... 25,451 25,275 24,774 0.7 2.0 0.7 25,291 24,566 24,694 23,363 8.3

 Computers and electronic products........ 18,715 18,515 18,851 1.1 -1.8 0.9 18,655 18,144 18,758 17,760 5.0

 Electrical equipment, appliances,

 and components............................... 7,125 7,122 7,008 0.0 1.6 -0.1 7,122 7,009 6,939 6,840 4.1

 Transportation equipment..................... 32,191 32,181 32,398 0.0 -0.7 -1.0 32,261 31,939 32,324 32,451 -0.6

 Furniture and related products............... 3,873 3,797 3,728 2.0 1.9 -1.0 3,916 3,777 3,709 3,718 5.3

 Miscellaneous products......................... 7,912 7,957 7,856 -0.6 1.3 0.1 7,895 7,871 7,836 7,719 2.3

 Nondurable goods industries...................... 90,738 90,822 90,700 -0.1 0.1 1.0 91,092 90,081 90,555 86,702 5.1

 Food products.................................... 18,164 18,790 18,836 -3.3 -0.2 -1.0 18,376 19,073 19,485 19,685 -6.6

 Beverage and tobacco products................... 5,941 5,916 5,957 0.4 -0.7 1.2 6,061 5,985 6,039 5,964 1.6

 Textiles.............................................. 1,146 1,139 1,136 0.6 0.3 0.2 1,145 1,128 1,123 1,126 1.7

 Textile products................................... 1,254 1,268 1,263 -1.1 0.4 0.0 1,253 1,265 1,257 1,258 -0.4

 Apparel............................................. 511 509 495 0.4 2.8 -1.0 509 497 488 584 -12.8

 Leather and allied products.................... 231 226 228 2.2 -0.9 -0.4 226 225 224 224 0.9

 Paper products.................................... 7,890 7,875 7,842 0.2 0.4 0.7 7,975 7,891 7,812 7,745 3.0

 Printing ............................................. 2,700 2,689 2,659 0.4 1.1 1.0 2,643 2,642 2,661 2,596 1.8

 Petroleum and coal products................. 12,592 12,274 12,179 2.6 0.8 4.3 12,561 11,832 12,055 9,843 27.6

 Chemical products................................ 29,598 29,532 29,538 0.2 0.0 1.2 29,600 29,112 28,981 27,541 7.5

 Plastics and rubber products.................. 10,711 10,604 10,567 1.0 0.4 0.7 10,743 10,431 10,430 10,136 6.0

WORK IN PROCESS

 All manufacturing industries....................... 211,337 210,563 208,613 0.4 0.9 0.8 210,448 204,650 209,791 198,320 6.1

 Durable goods industries.......................... 156,230 155,461 154,561 0.5 0.6 0.4 155,679 150,452 154,800 148,907 4.5

 Wood products................................... 2,116 2,106 2,059 0.5 2.3 2.1 2,157 2,047 2,024 2,073 4.1

 Nonmetallic mineral products................. 1,499 1,519 1,503 -1.3 1.1 0.8 1,503 1,440 1,419 1,468 2.4

 Primary metals.................................... 10,143 10,116 9,907 0.3 2.1 0.2 10,064 9,718 9,840 9,077 10.9

 Fabricated metal products........................ 13,716 13,640 13,630 0.6 0.1 1.7 13,646 13,324 13,699 12,768 6.9

 Machinery.......................................... 21,438 21,612 21,584 -0.8 0.1 1.3 21,175 20,525 22,188 20,140 5.1

 Computers and electronic products........ 14,006 14,099 14,012 -0.7 0.6 1.0 13,769 13,336 13,788 13,616 1.1

 Electrical equipment, appliances,

 and components............................... 4,097 3,991 3,934 2.7 1.4 0.0 4,104 3,796 3,872 3,822 7.4

 Transportation equipment..................... 84,260 83,442 83,017 1.0 0.5 -0.1 84,313 81,476 83,050 81,353 3.6

 Furniture and related products............... 1,226 1,223 1,241 0.2 -1.5 4.0 1,240 1,217 1,235 1,118 10.9

 Miscellaneous products......................... 3,729 3,713 3,674 0.4 1.1 0.7 3,708 3,573 3,685 3,472 6.8

 Nondurable goods industries...................... 55,107 55,102 54,052 0.0 1.9 1.9 54,769 54,198 54,991 49,413 10.8

 Food products.................................... 6,405 6,774 6,756 -5.4 0.3 1.5 6,705 7,473 7,782 6,379 5.1

 Beverage and tobacco products................... 9,157 8,984 8,826 1.9 1.8 0.9 9,486 9,393 9,287 8,970 5.8

 Textiles.............................................. 695 696 691 -0.1 0.7 1.0 689 673 685 645 6.8

 Textile products................................... 411 414 416 -0.7 -0.5 0.2 412 393 416 413 -0.2

 Apparel............................................. 354 338 324 4.7 4.3 -0.9 345 305 320 310 11.3

 Leather and allied products.................... 84 85 85 -1.2 0.0 6.3 85 83 84 96 -11.5

 Paper products.................................... 1,246 1,257 1,251 -0.9 0.5 1.5 1,236 1,229 1,239 1,226 0.8

 Printing ............................................. 1,055 1,060 1,052 -0.5 0.8 2.1 1,013 986 1,042 1,038 -2.4

 Petroleum and coal products................. 13,928 13,798 13,069 0.9 5.6 4.9 13,118 12,769 12,941 10,457 25.4

 Chemical products................................ 18,551 18,410 18,274 0.8 0.7 0.6 18,464 17,714 17,901 16,794 9.9

 Plastics and rubber products.................. 3,221 3,286 3,308 -2.0 -0.7 1.5 3,216 3,180 3,294 3,085 4.2

FINISHED GOODS

 All manufacturing industries....................... 232,905 232,133 230,248 0.3 0.8 0.3 231,997 223,572 230,410 226,658 2.4

 Durable goods industries.......................... 115,135 115,161 114,527 0.0 0.6 0.2 115,048 110,695 114,694 110,404 4.2

 Wood products................................... 4,916 4,923 4,950 -0.1 -0.5 -0.7 5,029 4,755 4,857 4,817 4.4

 Nonmetallic mineral products................. 6,493 6,575 6,592 -1.2 -0.3 1.1 6,519 6,392 6,289 6,269 4.0

 Primary metals.................................... 11,419 11,424 11,575 0.0 -1.3 1.1 11,478 11,360 11,306 10,658 7.7

 Fabricated metal products........................ 19,010 18,930 18,752 0.4 0.9 0.9 19,010 18,468 18,372 17,631 7.8

 Machinery.......................................... 23,440 23,443 23,617 0.0 -0.7 -0.4 23,506 22,702 23,698 22,866 2.8

 Computers and electronic products........ 12,837 12,828 12,475 0.1 2.8 -1.1 12,701 12,181 12,913 12,096 5.0

 Electrical equipment, appliances,

 and components............................... 7,068 7,020 6,968 0.7 0.7 1.5 6,977 6,527 6,869 6,351 9.9

 Transportation equipment..................... 15,434 15,534 15,142 -0.6 2.6 0.6 15,408 14,207 15,692 15,589 -1.2

 Furniture and related products............... 2,971 2,994 2,937 -0.8 1.9 1.0 2,896 2,793 2,958 2,619 10.6

 Miscellaneous products......................... 11,547 11,490 11,519 0.5 -0.3 -0.4 11,524 11,310 11,740 11,508 0.1

 Nondurable goods industries...................... 117,770 116,972 115,721 0.7 1.1 0.4 116,949 112,877 115,716 116,254 0.6

 Food products.................................... 30,974 30,141 29,755 2.8 1.3 0.0 30,110 28,786 30,234 29,086 3.5

 Beverage and tobacco products................... 8,870 8,927 8,814 -0.6 1.3 0.8 8,790 8,453 8,693 8,919 -1.4

 Textiles.............................................. 1,503 1,492 1,466 0.7 1.8 0.5 1,502 1,471 1,443 1,395 7.7

 Textile products................................... 1,771 1,758 1,757 0.7 0.1 -0.4 1,796 1,708 1,741 1,717 4.6

 Apparel............................................. 1,218 1,222 1,210 -0.3 1.0 0.2 1,226 1,126 1,142 1,202 2.0

 Leather and allied products.................... 482 480 472 0.4 1.7 -0.4 476 458 472 457 4.2

 Paper products.................................... 6,611 6,616 6,590 -0.1 0.4 0.6 6,641 6,548 6,471 6,766 -1.8

 Printing ............................................. 1,764 1,771 1,768 -0.4 0.2 1.3 1,730 1,730 1,777 1,725 0.3

 Petroleum and coal products................. 15,915 15,644 15,246 1.7 2.6 2.9 16,160 15,549 15,447 14,909 8.4

 Chemical products................................ 36,392 36,641 36,493 -0.7 0.4 -0.5 36,339 35,214 36,317 38,275 -5.1

 Plastics and rubber products.................. 12,270 12,280 12,150 -0.1 1.1 0.1 12,179 11,834 11,979 11,803 3.2

p

 Preliminary 

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

1

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

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

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

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

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

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

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, January Full Report, March 6, 2018. 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 Jan Dec Nov Oct Jan Dec Nov Oct

2018p 2017r 2017 2017 2018p 2017r 2017 2017

All manufacturing industries3

............................ 1.35 1.35 1.35 1.36 (X) (X) (X) (X)

Durable goods industries3

.................................. 1.65 1.65 1.65 1.67 6.54 6.58 6.58 6.68

 Wood products.............................................. 1.26 1.26 1.26 1.26 (X) (X) (X) (X)

 Nonmetallic mineral products......................... 1.26 1.24 1.25 1.25 (X) (X) (X) (X)

 Primary metals.............................................. 1.66 1.66 1.69 1.71 1.53 1.53 1.55 1.55

 Fabricated metal products.............................. 1.52 1.53 1.54 1.54 2.52 2.52 2.54 2.54

 Machinery..................................................... 2.15 2.15 2.15 2.14 3.51 3.51 3.51 3.52

 Computers and electronic products3

................ 1.62 1.62 1.62 1.63 5.40 5.41 5.45 5.55

 Electrical equipment, appliances,

 and components........................................ 1.77 1.77 1.76 1.75 2.38 2.43 2.46 2.44

 Transportation equipment.............................. 1.62 1.62 1.60 1.65 14.42 14.59 14.36 14.87

 Furniture and related products........................ 1.23 1.21 1.18 1.19 1.69 1.66 1.64 1.65

 Miscellaneous products.................................. 1.79 1.75 1.78 1.79 (X) (X) (X) (X)

Nondurable goods industries............................. 1.05 1.05 1.05 1.06 (X) (X) (X) (X)

 Food products.............................................. 0.81 0.81 0.81 0.81 (X) (X) (X) (X)

 Beverage and tobacco products...................... 1.87 1.86 1.86 1.84 (X) (X) (X) (X)

 Textiles........................................................ 1.27 1.26 1.24 1.23 (X) (X) (X) (X)

 Textile products............................................ 1.51 1.52 1.50 1.53 (X) (X) (X) (X)

 Apparel......................................................... 1.91 1.92 1.92 1.97 (X) (X) (X) (X)

 Leather and allied products............................. 2.19 2.13 2.07 2.02 (X) (X) (X) (X)

 Paper products.............................................. 0.96 0.96 0.96 0.95 (X) (X) (X) (X)

 Printing......................................................... 0.87 0.87 0.86 0.86 (X) (X) (X) (X)

 Petroleum and coal products........................... 0.81 0.82 0.82 0.83 (X) (X) (X) (X)

 Chemical products......................................... 1.24 1.24 1.25 1.27 (X) (X) (X) (X)

 Plastics and rubber products........................... 1.29 1.29 1.29 1.29 (X) (X) (X) (X)

Jan3 Jan3 Jan3 Jan3

Industry 2017- 2017- 2017- 2017-

Jan2 Dec Jan2 Dec Jan2 Dec Jan2 Dec

2018 2017 2018 2017 2018 2017 2018 2017

 

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

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

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

 Nonmetallic mineral products.............. (X) 0.4 (X) (NA) (X) (NA) (X) 0.1

 Primary metals.................................... 0.3 0.3 0.6 0.7 0.2 0.4 0.1 0.4

 Fabricated metal products.................... 0.1 0.3 0.3 1.0 0.1 0.3 0.0 0.2

 Machinery.......................................... -0.1 0.2 0.0 0.6 0.1 0.2 0.0 0.1

 Computers and electronic products..... -0.1 0.4 -0.1 0.7 0.0 0.1 0.1 0.1

 Electrical equipment, appliances,

 and components............................. 0.1 0.3 0.2 0.7 0.1 0.3 0.1 0.1

 Transportation equipment.................... 0.2 0.2 0.0 0.7 0.0 0.1 0.1 0.1

 Furniture and related products............. (X) 0.4 (X) 0.8 (X) 0.5 (X) 0.2

 Miscellaneous products...................... (X) 0.2 (X) 0.2 (X) 0.3 (X) 0.1

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

 Food products................................... (X) 0.3 (X) (NA) (X) (NA) (X) 0.3

 Beverage and tobacco products............ (X) 0.4 (X) (NA) (X) (NA) (X) 0.2

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

 Textile products.................................. (X) 0.6 (X) (NA) (X) (NA) (X) 0.3

 Apparel.............................................. (X) 1.1 (X) (NA) (X) (NA) (X) 0.5

 Leather and allied products.................... (X) 0.4 (X) (NA) (X) (NA) (X) 0.3

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

 Printing.............................................. (X) 0.3 (X) (NA) (X) (NA) (X) 0.2

 Petroleum and coal products................. (X) 0.7 (X) (NA) (X) (NA) (X) 1.2

 Chemical products................................ (X) 0.3 (X) (NA) (X) (NA) (X) 0.1

 Plastics and rubber products................. (X) 0.2 (X) (NA) (X) (NA) (X) 0.1

X

 Not Applicable 

p

 Preliminary 

r

 Revised data due to late receipts and concurrent seasonal adjustment. 

2

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

supplies; office supplies; other miscellaneous manufacturing; cutlery and handtools; farm and garden machinery; computer storage and 

peripheral devices; audio and video equipment; manufacturing and reproducing magnetic and optical media; batteries; automobiles; light 

trucks and utility vehicles; heavy duty trucks; and miscellaneous furniture. 

3

 Unfilled orders to shipments ratio excludes semiconductor manufacturing. 

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

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

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

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

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, January Full Report, March 6, 2018. 

Information on data sources and methodology can be found on our website at 

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

X Not Applicable 

NA Not Available 

1

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

inventories are for the end of the period. Not seasonally adjusted estimates of shipments and new orders include adjusted data

for non-calendar reporters. Seasonally adjusted estimates include concurrent adjustments for holiday and trading-day 

differences, where appropriate, as well as seasonal variation, based on the results of the latest annual review of the model 

parameters. Estimates are not adjusted for price changes. 

2

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

publication. 

3

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

estimates. The monthly averages are the simple averages of the absolute values of the differences for the months specified. 

The advance to final percent change revisions for the durable goods industries are shown in the advance report for the month. 

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

component of survey error is nonsampling error, which includes errors of coverage, response, and nonreporting. Since the 

survey panel is not a probability sample, estimates of sampling error cannot be calculated. For further details on survey 

design, methodology, and data limitations see <http://www.census.gov/manufacturing/m3/>.

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, January Full Report, March 6, 

2018. 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