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FOR RELEASE AT 10:00 AM EDT, WEDNESDAY, SEPTEMBER 2, 2020

MONTHLY FULL REPORT ON MANUFACTURERS’ SHIPMENTS, INVENTORIES AND ORDERS 

JULY 2020

Release Number: CB 20-125 M3-2 (20)-07

Statement Regarding COVID-19 Impact: The Census Bureau continues to monitor response and data quality 

and has determined that estimates in this release meet publication standards. For more information, see < M3 

COVID-19 FAQs>.

September 2, 2020 — The U.S. Census Bureau announces the July full report on manufacturers’ shipments, 

inventories and orders:

MANUFACTURED GOODS – NEW ORDERS

JULY 2020 $466.1 billion +6.4%°

JUNE 2020

(revised) $438.2 billion +6.4%°

Next release: October 2, 2020

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, September 2, 

2020.

Summary

New orders for manufactured goods in July, up three consecutive months, increased $27.8 billion or 6.4

percent to $466.1 billion, the U.S. Census Bureau reported today. This followed a 6.4 percent June

increase. Shipments, also up three consecutive months, increased $21.3 billion or 4.6 percent to $479.5

billion. This followed a 10.0 percent June increase. Unfilled orders, down four of the last five months,

decreased $8.3 billion or 0.8 percent to $1,084.3 billion. This followed a 1.4 percent June decrease. The 

unfilled orders-to-shipments ratio was 6.70, down from 7.01 in June. Inventories, down following two 

consecutive monthly increases, decreased $3.1 billion or 0.5 percent to $687.2 billion. This followed a 0.5

percent June increase. The inventories-to-shipments ratio was 1.43, down from 1.51 in June.

Aug-19 Sep-19 Oct-19 Nov-19 Dec-19 Jan-20 Feb-20 Mar-20 Apr-20 May-20 Jun-20 Jul-20

% Change 0.0% -0.5% 0.1% -1.1% 1.7% -0.4% 0.2% -11.0% -13.5% 7.7% 6.4% 6.4%

-14.0%

-13.0%

-12.0%

-11.0%

-10.0%

-9.0%

-8.0%

-7.0%

-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%

7.0%

8.0%

MANUFACTURERS' NEW ORDERS 2019-2020

Seasonally Adjusted, Month-To-Month Percentage Change

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

September 2, 2020.
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New Orders

New orders for manufactured durable goods in July, up three consecutive months, increased $23.7 billion 

or 11.4 percent to $231.1 billion, up from the previously published 11.2 percent increase. This followed a

7.7 percent June increase. Transportation equipment, also up three consecutive months, led the increase, 

$19.6 billion or 35.7 percent to $74.7 billion. New orders for manufactured nondurable goods increased 

$4.2 billion or 1.8 percent to $235.0 billion.

Shipments

Shipments of manufactured durable goods in July, up three consecutive months, increased $17.1 billion or 

7.5 percent to $244.6 billion, up from the previously published 7.3 percent increase. This followed a 15.2

percent June increase. Transportation equipment, also up three consecutive months, led the increase, 

$12.7 billion or 17.9 percent to $83.2 billion. Shipments of manufactured nondurable goods, up three

consecutive months, increased $4.2 billion or 1.8 percent to $235.0 billion. This followed a 5.3 percent 

June increase. Petroleum and coal products, also up three consecutive months, led the increase, $2.3

billion or 6.5 percent to $38.3 billion.

Unfilled Orders

Unfilled orders for manufactured durable goods in July, down four of the last five months, decreased $8.3

billion or 0.8 percent to $1,084.3 billion, unchanged from the previously published decrease. This followed 

a 1.4 percent June decrease. Transportation equipment, down five consecutive months, drove the 

decrease, $8.5 billion or 1.1 percent to $735.0 billion.

Inventories

Inventories of manufactured durable goods in July, down two consecutive months, decreased $2.7 billion 

or 0.6 percent to $421.8 billion, down from the previously published 0.5 percent decrease. This followed a 

0.1 percent June decrease. Fabricated metal products, also down two consecutive months, led the 

decrease, $0.9 billion or 1.6 percent to $51.7 billion. Inventories of manufactured nondurable goods, 

down following two consecutive monthly increases, decreased $0.5 billion or 0.2 percent to $265.4 billion. 

This followed a 1.4 percent June increase. Chemical products, down two of the last three months, led the 

decrease, $0.2 billion or 0.2 percent to $96.4 billion. By stage of fabrication, July materials and supplies

decreased 0.8 percent in durable goods and increased 0.2 percent in nondurable goods. Work in process 

decreased 0.3 percent in durable goods and 0.4 percent in nondurable goods. Finished goods decreased 

0.8 percent in durable goods and 0.3 percent in nondurable goods.
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The Advance Report on durable goods for August is scheduled for release on September 25, 2020 at 8:30

a.m. EDT and the Full Report on October 2, 2020 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. 

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 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 
Data Inquiries Media Inquiries

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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>.

RESOURCES

API

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

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

before.

<www.census.gov/developers/>.

FRED Mobile App

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

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

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

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

###
Table 1. 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

July June May June - May - Apr. - July June May July 2020/

2020p 2020r 2020 July June May 2020p 2020r 2020 2019 2020p 2019 2019

 All manufacturing industries.................. 479,530 458,275 416,573 4.6 10.0 3.0 466,322 483,749 418,914 489,206 3,205,987 3,494,301 -8.3

 Excluding transportation................... 396,297 387,692 369,950 2.2 4.8 1.9 394,098 407,987 372,240 415,644 2,731,437 2,891,091 -5.5

 Excluding defense.............................. 465,501 444,481 402,547 4.7 10.4 3.1 453,798 469,305 405,233 477,041 3,110,988 3,399,239 -8.5

 With unfilled orders............................ 161,823 155,831 146,472 3.8 6.4 1.8 153,525 168,711 146,145 161,526 1,112,578 1,208,246 -7.9

 Durable goods industries......................... 244,576 227,502 197,483 7.5 15.2 4.1 230,596 245,307 196,809 232,912 1,571,810 1,734,893 -9.4

 Wood products....................................... 9,466 8,939 8,674 5.9 3.1 5.1 9,873 9,805 9,294 9,298 63,364 62,769 0.9

 Nonmetallic mineral products.................... 11,830 11,668 11,235 1.4 3.9 2.6 12,702 12,789 11,507 12,283 79,677 78,607 1.4

 Primary metals....................................... 18,100 17,879 16,800 1.2 6.4 0.9 17,719 18,728 17,107 19,263 130,066 143,992 -9.7

 Iron and steel mills............................ 9,194 9,072 8,496 1.3 6.8 0.1 9,037 9,401 8,727 10,081 66,590 76,252 -12.7

 Aluminum and nonferrous metals.......... 7,668 7,642 7,162 0.3 6.7 1.1 7,493 8,009 7,227 7,750 54,539 56,833 -4.0

 Ferrous metal foundries....................... 1,238 1,165 1,142 6.3 2.0 5.6 1,189 1,318 1,153 1,432 8,937 10,907 -18.1

 Fabricated metal products....................... 30,099 29,178 27,668 3.2 5.5 1.0 29,680 31,318 28,082 31,326 208,989 221,208 -5.5

 Machinery............................................. 30,365 29,839 28,793 1.8 3.6 2.1 29,386 32,779 28,991 30,748 212,337 226,119 -6.1

 Farm machinery................................. 1,999 1,770 1,569 12.9 12.8 0.1 1,855 1,867 1,613 1,826 13,176 14,910 -11.6

 Construction machinery..................... 2,590 2,504 2,252 3.4 11.2 -1.7 2,550 2,669 2,301 2,802 18,252 21,771 -16.2

 Mining, oil field, and 

 gas field machinery.......................... 1,089 1,140 1,145 -4.5 -0.4 -8.2 1,018 1,175 1,079 1,469 8,635 10,218 -15.5

 Industrial machinery.......................... 3,074 3,107 3,178 -1.1 -2.2 3.9 2,883 3,560 3,066 2,789 21,546 19,786 8.9

 Photographic equipment...................... 538 533 550 0.9 -3.1 8.9 532 648 505 533 3,713 3,690 0.6

 Ventilation, heating, air-conditioning,

 and refrigeration equipment............ 4,009 3,679 3,447 9.0 6.7 3.7 4,414 4,722 3,709 4,150 26,308 27,601 -4.7

 Metalworking machinery..................... 2,406 2,418 2,360 -0.5 2.5 2.3 2,246 2,625 2,233 2,557 16,626 18,486 -10.1

 Turbines, generators, and other

 power transmission equipment....... 3,682 3,796 3,590 -3.0 5.7 3.9 3,549 3,929 3,686 3,913 26,476 28,629 -7.5

 Material handling equipment............... 2,555 2,582 2,555 -1.0 1.1 -0.7 2,462 2,660 2,508 2,811 18,517 20,013 -7.5

 Computers and electronic products2.......... 29,765 28,617 28,701 4.0 -0.3 0.3 27,983 31,285 26,903 26,859 194,439 191,493 1.5

 Computers........................................ 555 572 571 -3.0 0.2 2.1 520 686 558 562 3,790 4,273 -11.3

 Computer storage devices..................... 458 451 474 1.6 -4.9 -2.1 354 586 359 302 3,081 2,102 46.6

 Other peripheral equipment................ 817 679 794 20.3 -14.5 9.5 771 895 728 659 4,983 4,688 6.3

 Nondefense communications

 equipment.................................... 3,806 3,476 3,491 9.5 -0.4 0.2 3,344 4,390 3,172 2,937 23,655 22,064 7.2

 Defense communications equipment.... 273 286 283 -4.5 1.1 7.2 257 290 263 225 1,807 1,800 0.4

 Audio and video equipment.................... 364 328 288 11.0 13.9 4.0 313 300 269 294 1,840 2,136 -13.9

 Electronic components......................... 4,410 4,181 4,181 5.5 0.0 -0.3 4,370 4,622 4,190 3,849 29,245 26,815 9.1

 Nondefense search and navigation

 equipment...................................... 1,526 1,505 1,490 1.4 1.0 -0.7 1,347 1,627 1,443 1,448 10,401 11,107 -6.4

 Defense search and navigation

 equipment..................................... 3,076 3,011 3,006 2.2 0.2 -0.2 2,814 3,119 2,900 2,693 20,368 19,775 3.0

 Electromedical, measuring,

 and control instruments................. 8,836 8,799 8,779 0.4 0.2 0.0 8,380 9,633 8,378 8,583 59,796 61,985 -3.5

 Electrical equipment, appliances, 

 and components................................... 10,510 10,306 10,085 2.0 2.2 0.7 10,279 11,246 9,905 10,685 73,170 75,218 -2.7

 Electric lighting equipment..................... 978 953 911 2.6 4.6 -2.4 968 961 920 1,001 6,692 6,935 -3.5

 Household appliances........................ 2,062 1,886 1,823 9.3 3.5 13.2 1,907 2,027 1,743 1,738 12,575 12,712 -1.1

 Electrical equipment............................ 2,849 2,937 2,942 -3.0 -0.2 -4.4 2,751 3,445 2,919 3,292 22,109 23,654 -6.5

 Batteries........................................... 736 752 737 -2.1 2.0 15.3 693 790 657 726 4,783 4,877 -1.9

 Transportation equipment........................ 83,233 70,583 46,623 17.9 51.4 12.6 72,224 75,762 46,674 73,562 474,550 603,210 -21.3

 Automobiles..................................... 9,217 6,119 1,692 50.6 261.6 257.7 7,400 6,574 1,693 6,960 39,348 62,997 -37.5

 Light trucks and utility vehicles.............. 23,453 17,658 4,031 32.8 338.1 84.1 19,631 18,465 3,930 17,611 95,238 140,581 -32.3

 Heavy duty trucks ............................. 2,289 2,144 1,586 6.8 35.2 24.0 2,332 2,435 1,607 2,619 14,410 18,998 -24.1

 Motor vehicle bodies, parts, 

 and trailers.................................... 29,314 25,955 21,061 12.9 23.2 14.7 26,497 27,869 21,256 25,414 180,422 198,346 -9.0

 Nondefense aircraft and parts................ 3,947 4,182 3,523 -5.6 18.7 -19.0 3,429 5,091 3,418 8,332 42,760 81,203 -47.3

 Defense aircraft and parts.................. 4,265 3,959 3,966 7.7 -0.2 -5.9 3,820 4,447 3,867 4,030 27,855 32,113 -13.3

 Ships and boats................................. 2,590 2,395 2,628 8.1 -8.9 11.2 2,360 2,604 2,654 2,605 18,359 21,388 -14.2

 Furniture and related products.................. 6,631 6,583 6,040 0.7 9.0 3.2 6,775 6,694 5,957 6,810 44,862 45,887 -2.2

 Miscellaneous durable goods................. 14,577 13,910 12,864 4.8 8.1 4.0 13,975 14,901 12,389 12,078 90,356 86,390 4.6

 Nondurable goods industries..................... 234,954 230,773 219,090 1.8 5.3 2.0 235,726 238,442 222,105 256,294 1,634,177 1,759,408 -7.1

 Food products....................................... 67,705 67,250 66,875 0.7 0.6 0.1 65,720 67,389 66,284 65,164 466,694 460,086 1.4

 Grain and oilseed milling....................... 7,119 7,148 7,328 -0.4 -2.5 4.0 6,967 7,188 7,002 6,750 48,437 47,662 1.6

 Dairy products.................................. 10,733 10,680 10,367 0.5 3.0 1.3 10,747 10,550 10,351 10,373 72,941 70,854 2.9

 Meat, poultry, and seafood products... 18,166 17,938 17,721 1.3 1.2 -2.5 18,045 18,788 18,210 19,005 130,334 136,675 -4.6

 Beverage and tobacco products................ 13,245 13,203 12,806 0.3 3.1 3.3 13,457 14,041 13,291 14,040 90,882 92,487 -1.7

 Beverages......................................... 9,375 9,300 8,952 0.8 3.9 -1.4 9,587 10,138 9,437 9,442 64,428 63,894 0.8

 Tobacco............................................ 3,870 3,903 3,854 -0.8 1.3 16.0 3,870 3,903 3,854 4,598 26,454 28,593 -7.5

 Textile mills........................................... 2,076 2,055 1,909 1.0 7.6 2.9 2,071 2,202 1,977 2,312 14,845 16,519 -10.1

 Textile products................................... 1,754 1,804 1,697 -2.8 6.3 2.8 1,792 1,923 1,758 2,061 12,698 14,324 -11.4

 Apparel................................................ 869 860 852 1.0 0.9 2.5 892 828 788 932 5,775 6,026 -4.2

 Leather and allied products...................... 421 386 342 9.1 12.9 12.9 425 409 337 413 2,610 2,868 -9.0

 Paper products...................................... 16,252 16,028 16,092 1.4 -0.4 -0.3 16,449 16,530 16,084 16,470 113,182 112,628 0.5

 Pulp, paper, and paperboard mills....... 6,441 6,465 6,541 -0.4 -1.2 -0.3 6,614 6,534 6,458 6,856 45,431 45,385 0.1

 Paperboard containers........................ 5,978 5,789 5,760 3.3 0.5 2.0 6,079 6,058 5,701 5,814 40,676 40,427 0.6

 Printing................................................. 7,014 6,758 6,340 3.8 6.6 -1.3 6,754 6,670 6,360 7,119 47,549 48,470 -1.9

 Petroleum and coal products.................. 38,340 36,002 28,231 6.5 27.5 12.2 40,899 37,380 30,508 59,360 268,838 389,133 -30.9

 Petroleum refineries.......................... 34,305 31,913 24,417 7.5 30.7 13.0 36,292 32,729 26,545 54,515 240,445 360,036 -33.2

 Chemical products..................................... 67,762 67,016 65,282 1.1 2.7 0.5 67,371 70,123 65,638 67,493 472,964 472,088 0.2

 Pesticides, fertilizers, and other

 agricultural chemicals....................... 2,785 2,744 2,678 1.5 2.5 -1.5 2,358 3,073 3,165 2,308 20,969 22,228 -5.7

 Pharmaceuticals and medicines............. 25,219 25,186 24,465 0.1 2.9 0.7 24,934 26,265 24,091 21,942 168,855 152,600 10.7

 Paints, coatings, and adhesives.......... 4,404 4,271 4,106 3.1 4.0 1.5 4,697 4,702 4,522 4,741 31,272 30,467 2.6

 Plastics and rubber products.................. 19,516 19,411 18,664 0.5 4.0 2.2 19,896 20,947 19,080 20,930 138,140 144,779 -4.6

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, July Full Report, September 2, 2020. 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

July June May June - May - Apr. - July June May July 2020/

2020p 2020r 2020 July June May 2020p 2020r 2020 2019 2020p 2019 2019

All manufacturing industries2........................ 466,082 438,247 411,695 6.4 6.4 7.7 451,897 463,716 408,235 483,479 3,117,227 3,447,009 -9.6

 Excluding transportation2...................... 391,394 383,203 365,643 2.1 4.8 2.6 388,983 402,201 367,843 410,457 2,705,397 2,867,048 -5.6

 Excluding defense2

.............................. 450,419 426,502 397,556 5.6 7.3 7.5 440,775 448,788 396,667 474,849 3,018,679 3,355,278 -10.0

 With unfilled orders2............................. 153,534 140,648 146,473 9.2 -4.0 15.8 144,158 153,363 139,669 160,798 1,056,169 1,193,530 -11.5

 Durable goods industries2......................... 231,128 207,474 192,605 11.4 7.7 15.0 216,171 225,274 186,130 227,185 1,483,050 1,687,601 -12.1

 Primary metals........................................ 18,004 17,897 17,106 0.6 4.6 8.4 17,549 18,636 17,020 19,206 129,216 144,354 -10.5

 Iron and steel mills.............................. 9,053 8,979 8,908 0.8 0.8 14.2 9,009 9,332 8,886 10,349 65,884 76,730 -14.1

 Aluminum and nonferrous metals.......... 7,585 7,611 7,011 -0.3 8.6 2.2 7,167 7,912 6,965 7,518 54,191 56,918 -4.8

 Ferrous metal foundries....................... 1,366 1,307 1,187 4.5 10.1 5.8 1,373 1,392 1,169 1,339 9,141 10,706 -14.6

 Fabricated metal products........................ 30,168 29,364 27,773 2.7 5.7 6.0 30,082 31,366 28,376 31,930 210,557 224,725 -6.3

 Machinery............................................. 30,506 29,916 28,826 2.0 3.8 1.1 29,614 32,088 28,626 30,521 215,002 226,818 -5.2

 Construction machinery........................ 2,656 2,596 2,322 2.3 11.8 5.4 2,600 2,480 2,194 2,513 17,917 19,736 -9.2

 Mining, oil field, and

 gas field machinery.......................... 1,051 1,030 1,025 2.0 0.5 -18.8 980 1,065 959 1,413 8,252 9,733 -15.2

 Industrial machinery............................ 3,069 3,018 3,190 1.7 -5.4 5.2 2,799 3,300 2,936 2,580 21,560 19,917 8.2

 Photographic equipment....................... 527 505 563 4.4 -10.3 5.6 535 572 495 474 3,600 3,351 7.4

 Ventilation, heating, air-conditioning,

 and refrigeration equipment............... 4,103 3,836 3,442 7.0 11.4 3.9 4,436 4,810 3,671 4,075 27,042 28,356 -4.6

 Metalworking machinery....................... 2,485 2,595 2,369 -4.2 9.5 -0.5 2,389 2,687 2,243 2,657 17,418 18,410 -5.4

 Turbines, generators, and other 

 power transmission equipment........... 3,716 3,647 3,592 1.9 1.5 2.1 3,583 3,780 3,688 3,987 26,351 28,577 -7.8

 Material handling equipment.................. 2,493 2,571 2,474 -3.0 3.9 -4.2 2,373 2,917 2,386 2,802 18,645 20,251 -7.9

 Computers and electronic products2........... 24,491 23,879 23,893 2.6 -0.1 0.5 22,502 26,538 22,301 21,479 163,058 160,929 1.3

 Computers........................................ 544 531 539 2.4 -1.5 2.7 509 645 526 553 3,635 4,221 -13.9

 Nondefense communications

 equipment...................................... 3,771 3,472 3,509 8.6 -1.1 0.4 3,399 4,240 3,042 2,887 23,884 22,517 6.1

 Defense communications equipment....... 255 233 237 9.4 -1.7 11.8 247 223 209 175 1,547 1,537 0.7

 Electronic components......................... 4,273 4,109 4,128 4.0 -0.5 -2.4 4,280 4,294 4,053 3,967 29,015 26,827 8.2

 Nondefense search and navigation

 equipment...................................... 1,620 1,656 1,624 -2.2 2.0 4.8 1,457 1,837 1,545 1,522 11,164 11,641 -4.1

 Defense search and navigation

 equipment...................................... 3,059 3,126 3,063 -2.1 2.1 1.7 2,488 3,488 2,689 2,405 20,549 21,103 -2.6

 Electromedical, measuring,

 and control instruments..................... 8,845 8,810 8,772 0.4 0.4 -0.3 8,229 9,578 8,441 8,407 60,238 61,985 -2.8

 Electrical equipment, appliances, 

 and components................................... 10,740 10,313 10,110 4.1 2.0 -0.2 10,433 11,030 10,028 10,779 74,426 76,372 -2.5

 Electric lighting equipment..................... 989 965 893 2.5 8.1 -2.8 961 1,018 883 1,037 6,641 7,139 -7.0

 Household appliances.......................... 2,203 2,034 1,899 8.3 7.1 16.9 2,048 2,133 1,877 1,774 13,052 12,782 2.1

 Electrical equipment............................ 2,817 2,899 2,933 -2.8 -1.2 -4.0 2,762 3,326 2,879 3,373 22,325 24,085 -7.3

 Transportation equipment........................ 74,688 55,044 46,052 35.7 19.5 78.8 62,914 61,515 40,392 73,022 411,830 579,961 -29.0

 Motor vehicle bodies, parts, 

 and trailers..................................... 29,209 26,703 21,076 9.4 26.7 16.3 26,141 27,919 21,126 24,917 180,072 196,814 -8.5

 Nondefense aircraft and parts3................ -5,801 -10,507 2,858 (NA) -467.6 (NA) -4,071 -9,905 -855 11,612 -23,511 64,993 -136.2

 Defense aircraft and parts.................... 4,665 2,634 3,718 77.1 -29.2 -5.2 3,764 3,689 2,431 2,696 26,574 30,643 -13.3

 Ships and boats.................................. 3,670 2,097 2,547 75.0 -17.7 12.1 1,523 3,821 1,653 -42 22,843 20,440 11.8

 Furniture and related products................... 6,654 6,532 6,055 1.9 7.9 4.4 6,523 6,594 6,180 6,579 45,558 46,623 -2.3

 Nondurable goods industries..................... 234,954 230,773 219,090 1.8 5.3 2.0 235,726 238,442 222,105 256,294 1,634,177 1,759,408 -7.1

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. 

3

 (NA) - New Orders month-to-month percent change is not provided for Nondefense aircraft and parts because the denominator has a negative value. 

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, July Full Report, September 2, 2020. 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 July

July June May June - May - Apr. - July June May July 2020/

2020p 2020r 2020 July June May 2020p 2020r 2020 2019 2019

All manufacturing industries2

...................... 1,084,341 1,092,630 1,107,813 -0.8 -1.4 0.0 1,085,733 1,095,100 1,110,448 1,149,544 -5.6

 Excluding transportation2...................... 349,367 349,111 348,755 0.1 0.1 0.2 351,436 351,493 352,594 352,547 -0.3

 Excluding defense2............................. 863,466 873,389 886,523 -1.1 -1.5 0.0 865,336 873,301 889,133 946,368 -8.6

 Durable goods industries2........................ 1,084,341 1,092,630 1,107,813 -0.8 -1.4 0.0 1,085,733 1,095,100 1,110,448 1,149,544 -5.6

 Primary metals........................................ 30,488 30,584 30,566 -0.3 0.1 1.0 30,609 30,779 30,871 31,298 -2.2

 Iron and steel mills............................... 12,630 12,771 12,864 -1.1 -0.7 3.3 12,961 12,989 13,058 14,110 -8.1

 Aluminum and nonferrous metals............. 12,391 12,474 12,505 -0.7 -0.2 -1.2 12,186 12,512 12,609 12,331 -1.2

 Ferrous metal foundries........................ 5,467 5,339 5,197 2.4 2.7 0.9 5,462 5,278 5,204 4,857 12.5

 Fabricated metal products......................... 72,761 72,692 72,506 0.1 0.3 0.1 74,018 73,616 73,568 76,433 -3.2

 Machinery.............................................. 97,165 97,024 96,947 0.1 0.1 0.0 97,393 97,165 97,856 97,761 -0.4

 Construction machinery......................... 5,232 5,166 5,074 1.3 1.8 1.4 5,042 4,992 5,181 6,240 -19.2

 Mining, oil field, and

 gas field machinery.......................... 3,639 3,677 3,787 -1.0 -2.9 -3.1 3,639 3,677 3,787 4,181 -13.0

 Industrial machinery............................. 8,622 8,627 8,716 -0.1 -1.0 0.1 8,505 8,589 8,849 8,815 -3.5

 Photographic equipment........................ 1,013 1,024 1,052 -1.1 -2.7 1.3 957 954 1,030 1,026 -6.7

 Ventilation, heating, air-conditioning,

 and refrigeration equipment................ 7,144 7,050 6,893 1.3 2.3 -0.1 7,230 7,208 7,120 6,898 4.8

 Metalworking machinery........................ 8,296 8,217 8,040 1.0 2.2 0.1 8,406 8,263 8,201 8,371 0.4

 Turbines, generators, and other 

 power transmission equipment............ 23,481 23,447 23,596 0.1 -0.6 0.0 23,481 23,447 23,596 23,935 -1.9

 Material handling equipment................... 10,970 11,032 11,043 -0.6 -0.1 -0.7 11,164 11,253 10,996 10,990 1.6

 Computers and electronic products2............. 118,593 118,708 118,601 -0.1 0.1 0.1 118,712 119,135 119,197 117,635 0.9

 Computers......................................... 1,853 1,864 1,905 -0.6 -2.2 -1.7 1,853 1,864 1,905 1,939 -4.4

 Nondefense communications

 equipment...................................... 24,801 24,836 24,840 -0.1 0.0 0.1 24,861 24,806 24,956 24,627 1.0

 Defense communications equipment........ 698 716 769 -2.5 -6.9 -5.6 697 707 774 1,001 -30.4

 Electronic components.......................... 14,557 14,694 14,766 -0.9 -0.5 -0.4 14,435 14,525 14,853 14,092 2.4

 Nondefense search and navigation

 equipment....................................... 22,053 21,959 21,808 0.4 0.7 0.6 22,111 22,001 21,791 21,289 3.9

 Defense search and navigation

 equipment....................................... 30,823 30,840 30,725 -0.1 0.4 0.2 30,902 31,228 30,859 31,067 -0.5

 Electromedical, measuring,

 and control instruments...................... 23,808 23,799 23,788 0.0 0.0 0.0 23,853 24,004 24,059 23,620 1.0

 Electrical equipment, appliances, 

 and components.................................... 21,851 21,621 21,614 1.1 0.0 0.1 22,039 21,885 22,101 20,960 5.1

 Electric lighting equipment..................... 1,686 1,675 1,663 0.7 0.7 -1.1 1,696 1,703 1,646 1,537 10.3

 Household appliances........................... 2,007 1,866 1,718 7.6 8.6 4.6 2,033 1,892 1,786 1,416 43.6

 Electrical equipment............................. 8,529 8,561 8,599 -0.4 -0.4 -0.1 8,633 8,622 8,741 8,763 -1.5

 Transportation equipment......................... 734,974 743,519 759,058 -1.1 -2.0 -0.1 734,297 743,607 757,854 796,997 -7.9

 Motor vehicle bodies, parts, 

 and trailers...................................... 21,028 21,133 20,385 -0.5 3.7 0.1 20,398 20,754 20,704 20,371 0.1

 Nondefense aircraft and parts................ 493,167 502,915 517,604 -1.9 -2.8 -0.1 493,703 501,203 516,199 574,094 -14.0

 Defense aircraft and parts..................... 84,137 83,737 85,062 0.5 -1.6 -0.3 83,756 83,812 84,570 78,708 6.4

 Ships and boats.................................. 49,424 48,344 48,642 2.2 -0.6 -0.2 49,633 50,470 49,253 41,345 20.0

 Furniture and related products................... 7,936 7,913 7,964 0.3 -0.6 0.2 8,092 8,344 8,444 7,883 2.7

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, July Full Report, September 2, 2020. 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 July

July June May June - May - Apr. - July June May July 2020/

2020p 2020r 2020 July June May 2020p 2020r 2020 2019 2019

 All manufacturing industries...................... 687,216 690,353 686,935 -0.5 0.5 0.2 690,711 687,081 689,972 698,908 -1.2

 Excluding transportation........................ 540,899 543,971 542,621 -0.6 0.2 -0.1 543,110 542,085 545,374 564,841 -3.8

 Excluding defense............................. 661,832 664,949 661,724 -0.5 0.5 0.2 665,231 661,636 664,629 673,747 -1.3

 With unfilled orders............................. 344,460 346,587 346,896 -0.6 -0.1 0.1 347,348 345,768 349,056 340,548 2.0

 Durable goods industries........................ 421,789 424,468 424,813 -0.6 -0.1 0.0 424,926 422,750 426,987 419,913 1.2

 Wood products........................................ 11,588 11,619 11,573 -0.3 0.4 -2.1 11,358 11,352 11,389 11,889 -4.5

 Nonmetallic mineral products..................... 14,153 14,303 14,404 -1.0 -0.7 -1.4 14,160 14,438 14,688 14,550 -2.7

 Primary metals......................................... 33,374 33,935 34,697 -1.7 -2.2 -2.1 33,569 33,839 34,826 36,386 -7.7

 Iron and steel mills............................... 18,591 18,998 19,441 -2.1 -2.3 -1.9 18,688 18,934 19,401 20,906 -10.6

 Aluminum and nonferrous metals............ 12,697 12,806 13,098 -0.9 -2.2 -2.3 12,803 12,789 13,237 13,240 -3.3

 Ferrous metal foundries........................ 2,086 2,131 2,158 -2.1 -1.3 -1.8 2,078 2,116 2,188 2,240 -7.2

 Fabricated metal products......................... 51,665 52,530 53,400 -1.6 -1.6 0.0 52,307 52,655 53,692 54,502 -4.0

 Machinery.............................................. 69,656 70,398 70,981 -1.1 -0.8 -0.3 69,975 70,143 71,370 72,865 -4.0

 Farm machinery.................................. 3,712 3,729 3,832 -0.5 -2.7 -1.9 3,597 3,668 3,768 4,004 -10.2

 Construction machinery......................... 6,073 6,136 6,176 -1.0 -0.6 1.3 6,056 6,138 6,146 6,528 -7.2

 Mining, oil field, 

 and gas field machinery.................... 4,843 4,682 4,853 3.4 -3.5 -1.7 4,823 4,631 4,873 5,576 -13.5

 Industrial machinery............................. 9,800 9,903 9,795 -1.0 1.1 1.7 9,733 10,032 9,736 9,075 7.3

 Photographic equipment....................... 1,435 1,437 1,446 -0.1 -0.6 -2.0 1,454 1,407 1,443 1,469 -1.0

 Ventilation, heating, air-conditioning,

 and refrigeration equipment............... 4,987 5,351 5,483 -6.8 -2.4 -1.9 5,085 5,413 5,850 5,855 -13.2

 Metalworking machinery........................ 5,929 5,974 6,037 -0.8 -1.0 -0.5 5,959 5,882 6,043 6,248 -4.6

 Turbines, generators, and other

 power transmission equipment............ 9,291 9,430 9,525 -1.5 -1.0 -0.5 9,516 9,397 9,671 9,856 -3.4

 Material handling equipment.................. 4,823 4,793 4,858 0.6 -1.3 -2.1 4,896 4,803 4,877 5,339 -8.3

 Computers and electronic products2

............ 43,989 44,203 44,203 -0.5 0.0 0.0 44,416 44,129 44,799 44,170 0.6

 Computers......................................... 1,855 1,861 1,911 -0.3 -2.6 3.5 1,914 1,910 1,964 1,876 2.0

 Computer storage devices.................... 936 964 954 -2.9 1.0 -0.6 1,000 956 923 1,029 -2.8

 Other peripheral equipment................... 1,054 1,072 1,071 -1.7 0.1 -0.5 1,067 1,064 1,106 1,041 2.5

 Nondefense communications

 equipment...................................... 4,568 4,540 4,550 0.6 -0.2 -0.7 4,583 4,554 4,691 4,542 0.9

 Defense communications equipment........ 670 660 662 1.5 -0.3 -0.7 670 660 662 679 -1.3

 Audio and video equipment.................... 517 604 702 -14.4 -14.0 2.5 522 588 671 633 -17.5

 Electronic components.......................... 7,824 7,885 7,953 -0.8 -0.9 -1.1 7,857 7,824 7,967 7,861 -0.1

 Nondefense search and navigation

 equipment...................................... 2,932 2,959 2,950 -0.9 0.3 0.6 2,967 2,934 2,951 2,837 4.6

 Defense search and navigation

 equipment....................................... 2,668 2,665 2,660 0.1 0.2 -0.2 2,705 2,670 2,750 2,730 -0.9

 Electromedical, measuring 

 and control instruments...................... 15,471 15,493 15,272 -0.1 1.4 0.4 15,644 15,471 15,548 15,167 3.1

 Electrical equipment, appliances, 

 and components.................................... 19,763 19,795 19,813 -0.2 -0.1 -0.5 20,074 19,936 20,100 20,238 -0.8

 Electric lighting equipment..................... 2,022 2,026 2,029 -0.2 -0.1 0.0 2,047 2,029 2,041 2,108 -2.9

 Household appliances........................... 2,351 2,382 2,359 -1.3 1.0 -5.6 2,418 2,381 2,415 2,832 -14.6

 Electrical equipment............................. 6,482 6,504 6,502 -0.3 0.0 0.9 6,538 6,508 6,620 6,410 2.0

 Batteries............................................ 1,848 1,854 1,855 -0.3 -0.1 -0.5 1,963 1,958 1,924 2,007 -2.2

 Transportation equipment......................... 146,317 146,382 144,314 0.0 1.4 1.1 147,601 144,996 144,598 134,067 10.1

 Automobiles....................................... 5,710 5,805 5,888 -1.6 -1.4 3.5 5,841 5,620 5,769 5,928 -1.5

 Light trucks and utility vehicles.............. 5,149 5,217 4,699 -1.3 11.0 3.6 5,359 4,848 4,609 5,569 -3.8

 Heavy duty trucks ............................... 1,847 1,880 1,939 -1.8 -3.0 -1.4 1,958 1,923 2,006 2,023 -3.2

 Motor vehicle bodies, parts, 

 and trailers...................................... 26,509 27,226 27,621 -2.6 -1.4 -0.5 26,815 26,831 27,620 26,898 -0.3

 Nondefense aircraft and parts................ 77,854 76,923 75,136 1.2 2.4 2.0 78,058 76,664 75,612 65,348 19.4

 Defense aircraft and parts..................... 12,447 12,476 12,317 -0.2 1.3 0.3 12,491 12,422 12,411 12,008 4.0

 Ships and boats.................................. 4,135 4,084 4,181 1.2 -2.3 -1.9 4,178 4,133 4,122 4,265 -2.0

 Furniture and related products.................... 7,153 7,214 7,267 -0.8 -0.7 -1.0 7,257 7,376 7,312 7,613 -4.7

 Miscellaneous durable goods..................... 24,131 24,089 24,161 0.2 -0.3 0.2 24,209 23,886 24,213 23,633 2.4

 Nondurable goods industries...................... 265,427 265,885 262,122 -0.2 1.4 0.4 265,785 264,331 262,985 278,995 -4.7

 Food products........................................ 54,505 54,441 54,421 0.1 0.0 -1.3 54,074 53,240 52,960 55,180 -2.0

 Grain and oilseed milling........................ 5,291 5,203 5,228 1.7 -0.5 -1.1 5,143 5,048 4,976 5,243 -1.9

 Dairy products.................................... 8,487 8,322 8,260 2.0 0.8 -1.4 8,728 8,531 8,457 8,608 1.4

 Meat, poultry, and seafood products....... 9,190 9,286 9,336 -1.0 -0.5 -4.5 9,308 9,147 9,217 10,071 -7.6

 Beverage and tobacco products................ 25,786 25,710 25,667 0.3 0.2 0.0 25,046 25,191 25,669 25,090 -0.2

 Beverages......................................... 21,875 21,798 21,771 0.4 0.1 0.0 21,414 21,453 21,851 21,270 0.7

 Tobacco............................................ 3,911 3,912 3,896 0.0 0.4 -0.1 3,632 3,738 3,818 3,820 -4.9

 Textile mills............................................ 3,068 3,105 3,169 -1.2 -2.0 0.0 3,089 3,112 3,180 3,279 -5.8

 Textile products...................................... 3,742 3,763 3,789 -0.6 -0.7 -0.4 3,743 3,741 3,779 4,042 -7.4

 Apparel................................................. 1,836 1,838 1,839 -0.1 -0.1 -1.0 1,904 1,856 1,829 1,955 -2.6

 Leather and allied products....................... 852 853 857 -0.1 -0.5 -0.3 856 855 865 860 -0.5

 Paper products....................................... 15,193 15,313 15,259 -0.8 0.4 0.9 15,307 15,274 15,249 15,419 -0.7

 Pulp, paper, and paperboard mills........... 5,656 5,688 5,672 -0.6 0.3 0.7 5,664 5,672 5,695 5,797 -2.3

 Paperboard containers......................... 5,389 5,494 5,470 -1.9 0.4 0.6 5,444 5,471 5,455 5,437 0.1

 Printing.................................................. 5,680 5,679 5,680 0.0 0.0 -0.4 5,648 5,603 5,633 5,635 0.2

 Petroleum and coal products..................... 32,106 32,274 28,955 -0.5 11.5 7.1 32,744 32,212 29,764 41,196 -20.5

 Petroleum refineries............................. 26,646 26,696 23,236 -0.2 14.9 10.1 27,204 26,575 23,950 35,245 -22.8

 Chemical products..................................... 96,360 96,559 95,912 -0.2 0.7 -0.2 97,108 96,949 97,222 98,627 -1.5

 Pesticides, fertilizers, and other

 agricultural chemicals........................ 5,460 5,526 5,490 -1.2 0.7 1.9 5,195 5,235 5,453 5,306 -2.1

 Pharmaceuticals and medicines.............. 45,562 45,540 45,084 0.0 1.0 0.4 46,171 46,503 45,818 45,236 2.1

 Paints, coatings, and adhesives.............. 3,841 3,841 3,882 0.0 -1.1 -3.8 3,856 3,891 3,962 4,069 -5.2

 Plastics and rubber products..................... 26,299 26,350 26,574 -0.2 -0.8 -0.4 26,266 26,298 26,835 27,712 -5.2

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

Estimates are not adjusted for price changes. 

2

 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, July Full Report, September 2, 2020. 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

July June May June - May - Apr. - July June May July 2020/

2020p 2020r 2020 July June May 2020p 2020r 2020 2019 2020p 2019 2019

SHIPMENTS

 All manufacturing industries......................... 479,530 458,275 416,573 4.6 10.0 3.0 466,322 483,749 418,914 489,206 3,205,987 3,494,301 -8.3

 Construction materials and supplies....... 51,710 50,010 47,637 3.4 5.0 2.7 54,316 55,314 49,687 54,481 353,470 361,151 -2.1

 Information technology......................... 24,619 23,902 23,863 3.0 0.2 0.3 23,047 26,649 22,681 22,472 163,567 162,832 0.5

 Computers and related products........... 1,830 1,702 1,839 7.5 -7.4 4.0 1,645 2,167 1,645 1,523 11,854 11,063 7.1

 Motor vehicle and parts......................... 64,273 51,876 28,370 23.9 82.9 27.2 55,860 55,343 28,486 52,604 329,418 420,922 -21.7

 Capital goods...................................... 79,886 78,420 75,600 1.9 3.7 0.1 75,229 85,810 73,867 78,555 552,482 594,489 -7.1

 Nondefense capital goods3.................. 67,569 66,248 63,227 2.0 4.8 0.2 64,302 73,193 61,672 68,059 469,202 511,819 -8.3

 Excluding aircraft............................. 65,925 64,351 62,026 2.4 3.7 1.5 62,987 70,671 60,438 63,311 445,970 458,369 -2.7

 Defense capital goods4........................ 12,317 12,172 12,373 1.2 -1.6 -0.5 10,927 12,617 12,195 10,496 83,280 82,670 0.7

 Consumer goods.................................. 202,168 189,647 161,587 6.6 17.4 4.8 195,725 194,741 163,079 208,744 1,298,693 1,470,739 -11.7

 Consumer durable goods..................... 46,570 36,986 18,178 25.9 103.5 26.4 39,974 38,835 17,987 37,091 225,084 296,983 -24.2

 Consumer nondurable goods................ 155,598 152,661 143,409 1.9 6.5 2.5 155,751 155,906 145,092 171,653 1,073,609 1,173,756 -8.5

 All manufacturing industries5...................... 466,082 438,247 411,695 6.4 6.4 7.7 451,897 463,716 408,235 483,479 3,117,227 3,447,009 -9.6

 Construction materials and supplies....... 51,609 50,167 47,520 2.9 5.6 4.9 54,229 55,588 49,740 54,547 353,814 364,210 -2.9

 Information technology......................... 24,740 23,938 23,976 3.4 -0.2 0.0 22,726 26,579 22,475 21,855 165,268 164,942 0.2

 Computers and related products........... 1,819 1,661 1,807 9.5 -8.1 4.2 1,634 2,126 1,613 1,514 11,699 11,011 6.2

 Motor vehicle and parts......................... 64,168 52,624 28,385 21.9 85.4 28.7 55,504 55,393 28,356 52,107 329,068 419,390 -21.5

 Capital goods...................................... 72,082 63,458 75,292 13.6 -15.7 24.4 67,533 71,505 68,213 78,712 497,138 580,287 -14.3

 Nondefense capital goods3.................. 58,051 52,665 62,334 10.2 -15.5 26.2 57,454 58,383 57,225 71,282 407,535 500,360 -18.6

 Excluding aircraft............................. 66,112 64,885 62,226 1.9 4.3 1.5 62,976 70,067 60,473 62,943 451,887 460,832 -1.9

 Defense capital goods4........................ 14,031 10,793 12,958 30.0 -16.7 16.6 10,079 13,122 10,988 7,430 89,603 79,927 12.1

 Consumer goods.................................. 202,364 189,822 161,774 6.6 17.3 4.9 195,965 194,793 163,260 208,838 1,299,372 1,470,981 -11.7

 Consumer durable goods..................... 46,766 37,161 18,365 25.8 102.3 27.8 40,214 38,887 18,168 37,185 225,763 297,225 -24.0

 Consumer nondurable goods.............. 155,598 152,661 143,409 1.9 6.5 2.5 155,751 155,906 145,092 171,653 1,073,609 1,173,756 -8.5

 All manufacturing industries5...................... 1,084,341 1,092,630 1,107,813 -0.8 -1.4 0.0 1,085,733 1,095,100 1,110,448 1,149,544 (X) (X) -5.6

 Construction materials and supplies....... 50,377 50,478 50,321 -0.2 0.3 -0.2 51,461 51,548 51,274 54,754 (X) (X) -6.0

 Information technology......................... 114,678 114,557 114,521 0.1 0.0 0.1 114,911 115,232 115,302 113,813 (X) (X) 1.0

 Computers and related products........... 1,853 1,864 1,905 -0.6 -2.2 -1.7 1,853 1,864 1,905 1,939 (X) (X) -4.4

 Motor vehicle and parts......................... 21,028 21,133 20,385 -0.5 3.7 0.1 20,398 20,754 20,704 20,371 (X) (X) 0.1

 Capital goods...................................... 780,786 788,590 803,552 -1.0 -1.9 0.0 782,929 790,625 804,930 851,816 (X) (X) -8.1

 Nondefense capital goods3.................. 600,779 610,297 623,880 -1.6 -2.2 -0.1 602,997 609,845 624,655 688,839 (X) (X) -12.5

 Excluding aircraft............................. 217,297 217,110 216,576 0.1 0.2 0.1 218,051 218,062 218,666 215,878 (X) (X) 1.0

 Defense capital goods4........................ 180,007 178,293 179,672 1.0 -0.8 0.3 179,932 180,780 180,275 162,977 (X) (X) 10.4

 Consumer goods.................................. 5,384 5,188 5,013 3.8 3.5 3.9 5,369 5,129 5,077 4,461 (X) (X) 20.4

 Consumer durable goods..................... 5,384 5,188 5,013 3.8 3.5 3.9 5,369 5,129 5,077 4,461 (X) (X) 20.4 

 All manufacturing industries....................... 687,216 690,353 686,935 -0.5 0.5 0.2 690,711 687,081 689,972 698,908 (X) (X) -1.2

 Construction materials and supplies....... 68,994 70,287 71,273 -1.8 -1.4 -1.0 69,346 70,314 72,053 72,955 (X) (X) -4.9

 Information technology......................... 39,317 39,434 39,407 -0.3 0.1 0.2 39,782 39,417 39,968 39,041 (X) (X) 1.9

 Computers and related products........... 3,845 3,897 3,936 -1.3 -1.0 1.4 3,981 3,930 3,993 3,946 (X) (X) 0.9

 Motor vehicle and parts......................... 39,215 40,128 40,147 -2.3 0.0 0.5 39,973 39,222 40,004 40,418 (X) (X) -1.1

 Capital goods...................................... 214,305 213,903 212,594 0.2 0.6 0.6 215,944 213,750 214,067 204,698 (X) (X) 5.5

 Nondefense capital goods3.................. 193,147 192,762 191,551 0.2 0.6 0.7 194,734 192,514 192,986 183,623 (X) (X) 6.1

 Excluding aircraft............................. 127,839 128,443 128,971 -0.5 -0.4 0.0 129,075 128,403 130,007 129,897 (X) (X) -0.6

 Defense capital goods4........................ 21,158 21,141 21,043 0.1 0.5 -0.3 21,210 21,236 21,081 21,075 (X) (X) 0.6

 Consumer goods.................................. 202,693 202,994 198,808 -0.1 2.1 0.8 203,082 201,193 198,373 213,537 (X) (X) -4.9

 Consumer durable goods..................... 31,198 31,499 31,144 -1.0 1.1 0.6 31,448 30,632 30,802 32,771 (X) (X) -4.0

 Consumer nondurable goods................ 171,495 171,495 167,664 0.0 2.3 0.9 171,634 170,561 167,571 180,766 (X) (X) -5.1

NEW ORDERS 

UNFILLED ORDERS 

TOTAL INVENTORIES 

X

 Not Applicable 

p

 Preliminary 

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

1

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

are not adjusted for price changes. 

2 Topical series are regroupings of the separate industry categories. 

3

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

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

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

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

4

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

5 Estimates and percent changes exclude semiconductor industry data. 

6

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

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

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

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, July Full Report, September 2, 2020. 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 July

July June May June - May - Apr. - July June May July 2020/

2020p 2020r 2020 July June May 2020p 2020r 2020 2019 2019

MATERIALS AND SUPPLIES

 All manufacturing industries....................... 237,193 238,215 238,549 -0.4 -0.1 -0.1 238,722 237,477 238,806 239,663 -0.4

 Durable goods industries.......................... 145,874 147,069 149,157 -0.8 -1.4 -0.1 147,102 146,598 149,019 146,073 0.7

 Wood products................................... 5,315 5,353 5,388 -0.7 -0.6 -1.5 5,248 5,158 5,134 5,262 -0.3

 Nonmetallic mineral products................. 5,809 5,840 5,853 -0.5 -0.2 -1.0 5,829 5,872 5,888 5,729 1.7

 Primary metals.................................... 12,440 12,632 13,037 -1.5 -3.1 -0.5 12,540 12,640 12,834 13,419 -6.6

 Fabricated metal products.......................... 19,381 19,568 19,819 -1.0 -1.3 0.5 19,689 19,589 19,716 20,586 -4.4

 Machinery.......................................... 27,665 27,849 28,255 -0.7 -1.4 -1.0 27,864 27,826 28,398 28,890 -3.6

 Computers and electronic products........ 19,832 19,861 19,957 -0.1 -0.5 0.5 20,110 19,949 20,253 19,452 3.4

 Electrical equipment, appliances,

 and components............................... 8,880 8,843 8,884 0.4 -0.5 0.9 8,996 8,886 9,005 8,610 4.5

 Transportation equipment..................... 35,057 35,628 36,439 -1.6 -2.2 0.1 35,205 35,159 36,257 32,670 7.8

 Furniture and related products............... 3,483 3,519 3,578 -1.0 -1.6 1.1 3,527 3,573 3,573 3,696 -4.6

 Miscellaneous products......................... 8,012 7,976 7,947 0.5 0.4 -0.1 8,094 7,946 7,961 7,759 4.3

 Nondurable goods industries...................... 91,319 91,146 89,392 0.2 2.0 -0.1 91,620 90,879 89,787 93,590 -2.1

 Food products.................................... 19,765 19,631 19,561 0.7 0.4 0.2 19,645 19,417 19,172 19,619 0.1

 Beverage and tobacco products........................ 5,797 5,812 5,813 -0.3 0.0 0.9 5,506 5,598 5,772 5,629 -2.2

 Textiles.............................................. 1,142 1,163 1,182 -1.8 -1.6 -0.4 1,155 1,174 1,191 1,195 -3.3

 Textile products................................... 1,190 1,194 1,202 -0.3 -0.7 -0.9 1,194 1,196 1,207 1,241 -3.8

 Apparel............................................. 559 550 547 1.6 0.5 0.6 565 548 547 586 -3.6

 Leather and allied products.................... 282 283 284 -0.4 -0.4 0.4 290 288 288 290 0.0

 Paper products.................................... 7,613 7,733 7,731 -1.6 0.0 1.2 7,668 7,657 7,659 7,609 0.8

 Printing ............................................. 2,682 2,708 2,706 -1.0 0.1 0.0 2,693 2,696 2,698 2,730 -1.4

 Petroleum and coal products................. 10,204 10,061 8,566 1.4 17.5 -0.9 10,385 10,377 9,143 11,894 -12.7

 Chemical products................................ 31,253 31,148 30,795 0.3 1.1 -0.6 31,577 31,125 31,124 31,942 -1.1

 Plastics and rubber products.................. 10,832 10,863 11,005 -0.3 -1.3 0.3 10,942 10,803 10,986 10,855 0.8

WORK IN PROCESS

 All manufacturing industries....................... 205,699 206,426 203,584 -0.4 1.4 0.8 206,889 205,609 204,637 202,559 2.1

 Durable goods industries.......................... 158,913 159,442 157,682 -0.3 1.1 0.3 160,326 159,298 159,216 150,698 6.4

 Wood products................................... 1,972 1,658 1,631 18.9 1.7 -0.7 1,946 1,657 1,637 1,797 8.3

 Nonmetallic mineral products................. 1,371 1,396 1,397 -1.8 -0.1 -0.4 1,381 1,420 1,428 1,481 -6.8

 Primary metals.................................... 8,934 9,254 9,420 -3.5 -1.8 -4.3 9,082 9,307 9,540 10,622 -14.5

 Fabricated metal products.......................... 12,937 13,330 13,569 -2.9 -1.8 -0.6 13,100 13,333 13,637 13,798 -5.1

 Machinery.......................................... 19,389 19,794 19,624 -2.0 0.9 1.1 19,562 19,706 19,773 19,586 -0.1

 Computers and electronic products........ 12,653 12,753 12,779 -0.8 -0.2 -0.4 12,712 12,801 13,145 12,747 -0.3

 Electrical equipment, appliances,

 and components............................... 4,171 4,209 4,241 -0.9 -0.8 -0.3 4,234 4,288 4,358 4,226 0.2

 Transportation equipment..................... 92,533 92,151 90,213 0.4 2.1 1.0 93,327 91,899 90,850 81,600 14.4

 Furniture and related products............... 1,129 1,120 1,101 0.8 1.7 -3.2 1,129 1,137 1,126 1,122 0.6

 Miscellaneous products......................... 3,824 3,777 3,707 1.2 1.9 -1.0 3,853 3,750 3,722 3,719 3.6

 Nondurable goods industries...................... 46,786 46,984 45,902 -0.4 2.4 2.7 46,563 46,311 45,421 51,861 -10.2

 Food products.................................... 4,863 4,883 4,847 -0.4 0.7 5.7 4,527 4,521 4,507 4,234 6.9

 Beverage and tobacco products........................ 9,178 9,158 9,094 0.2 0.7 0.2 8,638 8,774 8,949 8,830 -2.2

 Textiles.............................................. 593 593 599 0.0 -1.0 0.5 598 591 602 657 -9.0

 Textile products................................... 335 336 332 -0.3 1.2 -0.6 334 329 328 376 -11.2

 Apparel............................................. 291 298 296 -2.3 0.7 -5.1 302 306 299 337 -10.4

 Leather and allied products.................... 89 88 85 1.1 3.5 -1.2 89 85 84 97 -8.2

 Paper products.................................... 1,417 1,413 1,396 0.3 1.2 0.1 1,454 1,429 1,400 1,525 -4.7

 Printing ............................................. 1,215 1,200 1,199 1.3 0.1 -2.0 1,202 1,127 1,133 1,185 1.4

 Petroleum and coal products................. 7,092 7,232 6,610 -1.9 9.4 19.4 7,310 7,188 6,636 11,131 -34.3

 Chemical products................................ 18,684 18,800 18,557 -0.6 1.3 -1.0 19,083 19,003 18,585 20,362 -6.3

 Plastics and rubber products.................. 3,029 2,983 2,887 1.5 3.3 2.2 3,026 2,958 2,898 3,127 -3.2

FINISHED GOODS

 All manufacturing industries....................... 244,324 245,712 244,802 -0.6 0.4 -0.2 245,100 243,995 246,529 256,686 -4.5

 Durable goods industries.......................... 117,002 117,957 117,974 -0.8 0.0 -0.2 117,498 116,854 118,752 123,142 -4.6

 Wood products................................... 4,301 4,608 4,554 -6.7 1.2 -3.4 4,164 4,537 4,618 4,830 -13.8

 Nonmetallic mineral products................. 6,973 7,067 7,154 -1.3 -1.2 -1.9 6,950 7,146 7,372 7,340 -5.3

 Primary metals.................................... 12,000 12,049 12,240 -0.4 -1.6 -2.0 11,947 11,892 12,452 12,345 -3.2

 Fabricated metal products.......................... 19,347 19,632 20,012 -1.5 -1.9 0.0 19,518 19,733 20,339 20,118 -3.0

 Machinery.......................................... 22,602 22,755 23,102 -0.7 -1.5 -0.7 22,549 22,611 23,199 24,389 -7.5

 Computers and electronic products........ 11,504 11,589 11,467 -0.7 1.1 -0.4 11,594 11,379 11,401 11,971 -3.1

 Electrical equipment, appliances,

 and components............................... 6,712 6,743 6,688 -0.5 0.8 -2.3 6,844 6,762 6,737 7,402 -7.5

 Transportation equipment..................... 18,727 18,603 17,662 0.7 5.3 3.7 19,069 17,938 17,491 19,797 -3.7

 Furniture and related products............... 2,541 2,575 2,588 -1.3 -0.5 -2.8 2,601 2,666 2,613 2,795 -6.9

 Miscellaneous products......................... 12,295 12,336 12,507 -0.3 -1.4 0.8 12,262 12,190 12,530 12,155 0.9

 Nondurable goods industries...................... 127,322 127,755 126,828 -0.3 0.7 -0.1 127,602 127,141 127,777 133,544 -4.4

 Food products.................................... 29,877 29,927 30,013 -0.2 -0.3 -3.3 29,902 29,302 29,281 31,327 -4.5

 Beverage and tobacco products........................ 10,811 10,740 10,760 0.7 -0.2 -0.7 10,902 10,819 10,948 10,631 2.5

 Textiles.............................................. 1,333 1,349 1,388 -1.2 -2.8 0.1 1,336 1,347 1,387 1,427 -6.4

 Textile products................................... 2,217 2,233 2,255 -0.7 -1.0 -0.1 2,215 2,216 2,244 2,425 -8.7

 Apparel............................................. 986 990 996 -0.4 -0.6 -0.6 1,037 1,002 983 1,032 0.5

 Leather and allied products.................... 481 482 488 -0.2 -1.2 -0.6 477 482 493 473 0.8

 Paper products.................................... 6,163 6,167 6,132 -0.1 0.6 0.7 6,185 6,188 6,190 6,285 -1.6

 Printing ............................................. 1,783 1,771 1,775 0.7 -0.2 0.1 1,753 1,780 1,802 1,720 1.9

 Petroleum and coal products................. 14,810 14,981 13,779 -1.1 8.7 7.2 15,049 14,647 13,985 18,171 -17.2

 Chemical products................................ 46,423 46,611 46,560 -0.4 0.1 0.4 46,448 46,821 47,513 46,323 0.3

 Plastics and rubber products.................. 12,438 12,504 12,682 -0.5 -1.4 -1.5 12,298 12,537 12,951 13,730 -10.4

p

 Preliminary 

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

1

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

are not adjusted for price changes. 

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, July Full Report, September 2, 2020. 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 Jul Jun May Apr Jul Jun May Apr

2020p 2020r 2020 2020 2020p 2020r 2020 2020

All manufacturing industries3

.................................... 1.43 1.51 1.65 1.70 (X) (X) (X) (X)

Durable goods industries3

........................................ 1.72 1.87 2.15 2.24 6.70 7.01 7.56 7.70

 Wood products........................................................... 1.22 1.30 1.33 1.43 (X) (X) (X) (X)

 Nonmetallic mineral products............................. 1.20 1.23 1.28 1.33 (X) (X) (X) (X)

 Primary metals............................................................ 1.84 1.90 2.07 2.13 1.68 1.71 1.82 1.82

 Fabricated metal products...................................... 1.72 1.80 1.93 1.95 2.50 2.57 2.70 2.72

 Machinery..................................................................... 2.29 2.36 2.47 2.52 3.55 3.59 3.69 3.74

 Computers and electronic products3

................... 1.48 1.54 1.54 1.55 5.28 5.44 5.44 5.44

 Electrical equipment, appliances,

 and components.................................................... 1.88 1.92 1.96 1.99 2.24 2.26 2.31 2.30

 Transportation equipment..................................... 1.76 2.07 3.10 3.45 15.23 16.65 19.31 20.27

 Furniture and related products............................ 1.08 1.10 1.20 1.25 1.36 1.37 1.47 1.49

 Miscellaneous products.......................................... 1.66 1.73 1.88 1.95 (X) (X) (X) (X)

Nondurable goods industries................................... 1.13 1.15 1.20 1.22 (X) (X) (X) (X)

 Food products............................................................. 0.81 0.81 0.81 0.83 (X) (X) (X) (X)

 Beverage and tobacco products........................... 1.95 1.95 2.00 2.07 (X) (X) (X) (X)

 Textiles.......................................................................... 1.48 1.51 1.66 1.71 (X) (X) (X) (X)

 Textile products......................................................... 2.13 2.09 2.23 2.30 (X) (X) (X) (X)

 Apparel........................................................................ 2.11 2.14 2.16 2.24 (X) (X) (X) (X)

 Leather and allied products................................ 2.02 2.21 2.51 2.84 (X) (X) (X) (X)

 Paper products.......................................................... 0.93 0.96 0.95 0.94 (X) (X) (X) (X)

 Printing........................................................................ 0.81 0.84 0.90 0.89 (X) (X) (X) (X)

 Petroleum and coal products............................... 0.84 0.90 1.03 1.07 (X) (X) (X) (X)

 Chemical products................................................... 1.42 1.44 1.47 1.48 (X) (X) (X) (X)

 Plastics and rubber products................................ 1.35 1.36 1.42 1.46 (X) (X) (X) (X)

Jul3 Jul3 Jul3 Jul3

Industry 2019- 2019- 2019- 2019-

Jul2 Jun Jul2 Jun Jul2 Jun Jul2 Jun

2020 2020 2020 2020 2020 2020 2020 2020

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

Durable goods industries....................... 0.2 0.3 0.2 0.6 0.0 0.1 -0.1 0.1

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

 Nonmetallic mineral products.............. (X) 0.3 (X) (NA) (X) (NA) (X) 0.2

 Primary metals............................................. 0.0 0.4 0.4 0.5 0.3 0.2 -0.5 0.3

 Fabricated metal products.................... 0.7 0.7 0.7 0.8 0.0 0.2 -0.4 0.2

 Machinery...................................................... 0.1 0.4 0.0 0.5 -0.1 0.1 -0.1 0.1

 Computers and electronic products..... 0.6 0.3 0.4 0.4 -0.1 0.1 -0.1 0.1

 Electrical equipment, appliances,

 and components..................................... -0.1 0.3 0.0 0.4 0.1 0.2 -0.3 0.2

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

 Furniture and related products............. (X) 0.7 (X) 0.7 (X) 0.4 (X) 0.4

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

Nondurable goods industries................... (X) 0.2 (X) (NA) (X) (NA) (X) 0.1

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

 Beverage and tobacco products............ (X) 0.7 (X) (NA) (X) (NA) (X) 0.3

 Textiles.......................................................... (X) 0.6 (X) (NA) (X) (NA) (X) 0.2

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

 Apparel......................................................... (X) 0.7 (X) (NA) (X) (NA) (X) 0.3

 Leather and allied products.................. (X) 1.1 (X) (NA) (X) (NA) (X) 0.1

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

 Printing.......................................................... (X) 0.6 (X) (NA) (X) (NA) (X) 0.2

 Petroleum and coal products............... (X) 0.5 (X) (NA) (X) (NA) (X) 0.6

 Chemical products................................... (X) 0.2 (X) (NA) (X) (NA) (X) 0.0

 Plastics and rubber products................ (X) 0.4 (X) (NA) (X) (NA) (X) 0.2

X

 Not Applicable 

p

 Preliminary 

r

 Revised data due to late receipts and concurrent seasonal adjustment. 

2

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

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

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

miscellaneous furniture. 

3

 Unfilled orders to shipments ratio excludes semiconductor manufacturing. 

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

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

error cannot be calculated. For further details on survey design, methodology, and data limitations see <http://www.census.gov/manufacturing/m3/>. 

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, July Full Report, September 2, 2020. 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, July Full Report, September 2, 2020. 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