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FOR RELEASE AT 10:00 AM EDT, WEDNESDAY, JULY 3, 2019

MONTHLY FULL REPORT ON MANUFACTURERS’ SHIPMENTS, INVENTORIES AND ORDERS

MAY 2019

Release Number: CB 19‐94 M3‐2 (19)‐05

July 3, 2019 — The U.S. Census Bureau announces the May full report on manufacturers’ shipments,

inventories and orders:

MANUFACTURED GOODS – NEW ORDERS

MAY 2019 $493.6 billion           ‐0.7%°

APRIL 2019  

(revised) $497.2 billion            ‐1.2%°

Next release: August 2, 2019 Data adjusted for seasonal variation but not for price changes.

Statistical significance is not measurable for this survey.  The Manufacturers' Shipments,

Inventories, and Orders estimates are not based on a probability sample, so the sampling error of

these estimates cannot be measured nor can the confidence intervals be computed.

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories and Orders, July 3, 2019.

Summary

New orders for manufactured goods in May, down three of the last four months, decreased $3.6 billion or

0.7 percent to $493.6 billion, the U.S. Census Bureau reported today.  This followed a 1.2 percent April

decrease.  Shipments, up three of the last four months, increased $0.4 billion or 0.1 percent to $504.3

billion.  This followed a 0.6 percent April decrease.  Unfilled orders, down three of the last four months,

decreased $6.3 billion or 0.5 percent to $1,171.1 billion.  This followed a 0.2 percent April decrease.  The

unfilled orders‐to‐shipments ratio was 6.64, down from 6.69 in April.  Inventories, up eight of the last nine

months, increased $1.4 billion or 0.2 percent to $694.1 billion.  This followed a 0.2 percent April increase.  

The inventories‐to‐shipments ratio was 1.38, up from 1.37 in April.

New Orders

New orders for manufactured durable goods in May, down three of the last four months, decreased $3.1

billion or 1.3 percent to $243.5 billion, unchanged from the previously published decrease.  This followed a

2.8 percent April decrease.  Transportation equipment, also down three of the last four months, drove the

decrease, $3.8 billion or 4.6 percent to $80.0 billion.  New orders for manufactured nondurable goods

decreased $0.5 billion or 0.2 percent to $250.1 billion.

Jun‐18 Jul‐18 Aug‐18 Sep‐18 Oct‐18 Nov‐18 Dec‐18 Jan‐19 Feb‐19 Mar‐19 Apr‐19 May‐19

% Chanage 0.1% ‐0.3% 2.2% 1.0% ‐2.2% ‐0.5% 0.2% 0.1% ‐1.0% 1.3% ‐1.2% ‐0.7%

‐4.0%

‐3.0%

‐2.0%

‐1.0%

0.0%

1.0%

2.0%

3.0%

4.0%

MANUFACTURERS' NEW ORDERS 2018‐2019

Seasonally Adjusted,   Month‐To‐Month Percentage Change

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

July 3, 2019.
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Shipments

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

increased $0.9 billion or 0.3 percent to $254.2 billion, down from the previously published 0.4 percent

increase.  This followed a 1.6 percent April decrease.  Machinery, up four of the last five months, led the

increase, $0.3 billion or 1.0 percent to $33.4 billion.  Shipments of manufactured nondurable goods, down

following three consecutive monthly increases, decreased $0.5 billion or 0.2 percent to $250.1 billion.  This

followed a 0.4 percent April increase.  Petroleum and coal products, also down following three consecutive

monthly increases, drove the decrease, $1.3 billion or 2.4 percent to $54.7 billion.

Unfilled Orders

Unfilled orders for manufactured durable goods in May, down three of the last four months, decreased

$6.3 billion or 0.5 percent to $1,171.1 billion, unchanged from the previously published decrease.  This

followed a 0.2 percent April decrease.  Transportation equipment, also down three of the last four months,

led the decrease, $5.7 billion or 0.7 percent to $803.7 billion.

Inventories

Inventories of manufactured durable goods in May, up ten of the last eleven months, increased $2.0 billion

or 0.5 percent to $424.6 billion, unchanged from the previously published increase.  This followed a 0.4

percent April increase.  Transportation equipment, also up ten of the last eleven months, drove the

increase, $2.2 billion or 1.6 percent to $138.5 billion.  Inventories of manufactured nondurable goods,

down two consecutive months, decreased $0.6 billion or 0.2 percent to $269.6 billion.  This followed a 0.1

percent April decrease.  Petroleum and coal products, down following four consecutive monthly increases,

drove the decrease, $0.6 billion or 1.5 percent to $41.3 billion.  By stage of fabrication, May materials and

supplies decreased 0.3 percent in durable goods and were virtually unchanged in nondurable goods.  Work

in process increased 1.3 percent in durable goods and decreased 0.7 percent in nondurable goods.  

Finished goods increased 0.4 percent in durable goods and decreased 0.2 percent in nondurable goods.  

The Advance Report on durable goods for June is scheduled for release on July 25, 2019 at 8:30 a.m. EDT

and the Full Report on August 2, 2019 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>.
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EXPLANATORY NOTES

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

exclude data for semiconductor manufacturing.   

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

decrease.   

Description of the survey  

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

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

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

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

current cost or market value), and inventories by stage of fabrication (materials and supplies, work‐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‐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

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  
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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/>.

NEW TIME SERIES

Beginning with the release of June 2018 data on July 26, 2018, historical estimates of the Monthly Advance

Report on Manufacturers’ Shipments, Inventories and Orders are available on a seasonally adjusted basis

as well as a not seasonally adjusted basis at: <https://www.census.gov/econ/currentdata/>.   

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.

Notice of Revisions and Changes Due to Updated Seasonal Adjustment Models

On May 16, 2019, monthly seasonally adjusted data for Manufacturers’ Shipments, Inventories, and

Orders, based on the North American Industry Classification System, were revised for January 2002

through March 2019.  There was no accompanying press release containing revised seasonally adjusted

data for January through March of 2019, and historical data not seasonally adjusted were unchanged.   

These revisions to the historical seasonally adjusted data were based on the results of the recent annual

review of the seasonal adjustment models.  Based on this review, the lists of series that are seasonally

adjusted and not seasonally adjusted were updated.  Three unfilled orders series and one total inventories  
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series that have been adjusted are no longer seasonally adjusted.  Conversely, two stage of fabrication  

series that have not been adjusted are now seasonally adjusted.  These changes were implemented on  

May 16, 2019 and were used to produce seasonally adjusted data from the Manufacturers’ Shipments,

Inventories, and Orders Survey, beginning with the April 2019 Advance Report on Durable Goods released

on May 24, 2019 and the Full Report released on June 4, 2019.

###
Table 1.  Value of Manufacturers' Shipments for Industry Groups

1

[Estimates are shown in millions of dollars and are based on data from the Manufacturers' Shipments, Inventories, and Orders Survey.]  

Seasonally Adjusted Not Seasonally Adjusted

Monthly Percent Change Monthly

Industry % Change

May Apr. Mar. Apr. ‐ Mar. ‐ Feb. ‐ May Apr. Mar. May 2019/

2019p 2019r 2019 May Apr. Mar. 2019p 2019r 2019 2018 2019p 2018 2018

  All manufacturing industries.................. 504,263 503,881 506,780 0.1 ‐0.6 0.2 522,669 505,758 525,684 515,105 2,490,741 2,431,885 2.4

      Excluding transportation................... 418,496 418,357 417,276 0.0 0.3 0.3 434,005 421,445 427,085 430,219 2,053,894 2,019,615 1.7

      Excluding defense.............................. 489,208 488,816 492,285 0.1 ‐0.7 0.2 507,892 492,227 509,231 501,938 2,419,854 2,368,553 2.2

      With unfilled orders............................ 176,353 176,076 178,585 0.2 ‐1.4 ‐0.6 181,878 173,963 190,288 179,552 874,952 844,699 3.6

  Durable goods industries......................... 254,192 253,324 257,319 0.3 ‐1.6 ‐0.5 261,989 252,345 272,906 254,534 1,262,537 1,214,767 3.9

  Wood products....................................... 9,115 9,113 9,103 0.0 0.1 ‐0.2 10,003 9,729 9,011 10,231 44,808 45,980 ‐2.5

  Nonmetallic mineral products.................... 11,201 11,195 11,207 0.1 ‐0.1 0.5 12,053 11,460 10,863 11,598 53,722 51,754 3.8

  Primary metals....................................... 20,606 20,786 21,105 ‐0.9 ‐1.5 ‐1.4 21,715 21,653 21,976 22,560 106,784 105,546 1.2

      Iron and steel mills............................ 10,637 10,700 10,868 ‐0.6 ‐1.5 ‐1.7 11,233 11,186 11,159 11,327 54,829 51,850 5.7

      Aluminum and nonferrous metals.......... 8,419 8,535 8,692 ‐1.4 ‐1.8 ‐1.8 8,839 8,844 9,194 9,779 44,244 46,778 ‐5.4

      Ferrous metal foundries....................... 1,550 1,551 1,545 ‐0.1 0.4 2.9 1,643 1,623 1,623 1,454 7,711 6,918 11.5

  Fabricated metal products....................... 33,573 33,442 33,655 0.4 ‐0.6 ‐0.7 35,283 33,879 34,327 34,301 166,792 159,830 4.4

  Machinery............................................. 33,389 33,057 32,969 1.0 0.3 ‐1.4 35,009 33,774 35,767 33,920 166,191 161,305 3.0

      Farm machinery................................. 2,528 2,488 2,734 1.6 ‐9.0 0.5 2,703 3,295 3,366 2,794 14,723 14,009 5.1

      Construction machinery..................... 3,088 3,018 2,939 2.3 2.7 ‐3.5 3,361 3,185 3,185 3,121 15,409 14,771 4.3

      Mining, oil field, and

          gas field machinery.......................... 1,576 1,524 1,382 3.4 10.3 ‐2.3 1,517 1,409 1,444 1,561 7,038 7,516 ‐6.4

      Industrial machinery.......................... 2,728 2,699 2,608 1.1 3.5 0.9 2,630 2,524 2,969 2,401 12,517 12,223 2.4

      Photographic equipment...................... 555 563 531 ‐1.4 6.0 ‐13.7 527 522 583 506 2,664 2,522 5.6

      Ventilation, heating, air‐conditioning,

          and refrigeration equipment............ 4,175 4,121 4,071 1.3 1.2 ‐1.3 4,758 4,062 4,303 4,306 19,773 18,234 8.4

      Metalworking machinery..................... 2,652 2,716 2,650 ‐2.4 2.5 ‐0.5 2,651 2,602 2,751 2,714 12,837 13,490 ‐4.8

      Turbines, generators, and other

          power transmission equipment....... 4,451 4,389 4,346 1.4 1.0 ‐1.0 4,636 4,483 4,474 4,333 22,117 20,712 6.8

      Material handling equipment............... 2,822 2,866 2,895 ‐1.5 ‐1.0 0.4 2,940 2,833 3,044 2,826 14,234 13,281 7.2

  Computers and electronic products

2

.......... 28,342 28,176 27,791 0.6 1.4 ‐1.0 26,651 25,854 29,349 25,083 131,240 124,284 5.6

      Computers........................................ 648 670 667 ‐3.3 0.4 ‐2.8 625 577 664 755 2,908 3,418 ‐14.9

      Computer storage devices..................... 350 374 322 ‐6.4 16.1 ‐6.7 264 261 443 196 1,417 1,174 20.7

      Other peripheral equipment................ 791 782 761 1.2 2.8 ‐7.0 711 685 806 672 3,482 3,234 7.7

      Nondefense communications

          equipment.................................... 3,544 3,562 3,515 ‐0.5 1.3 ‐0.6 3,294 3,218 4,024 2,921 16,148 14,345 12.6

      Defense communications equipment.... 272 261 320 4.2 ‐18.4 15.1 263 258 322 276 1,398 1,309 6.8

      Audio and video equipment.................... 334 311 294 7.4 5.8 ‐10.1 315 259 272 215 1,368 991 38.0

      Electronic components......................... 3,591 3,567 3,616 0.7 ‐1.4 0.6 3,683 3,445 3,816 3,614 17,327 17,060 1.6

      Nondefense search and navigation

          equipment...................................... 1,595 1,605 1,590 ‐0.6 0.9 0.6 1,577 1,466 1,803 1,529 7,717 7,396 4.3

      Defense search and navigation

          equipment..................................... 2,863 2,940 2,876 ‐2.6 2.2 3.8 2,762 2,735 3,065 2,674 13,452 13,130 2.5

      Electromedical, measuring,

          and control instruments................. 9,524 9,442 9,243 0.9 2.2 ‐0.4 8,968 8,671 10,098 8,594 43,921 42,304 3.8

  Electrical equipment, appliances,        

    and components................................... 11,677 11,638 11,616 0.3 0.2 0.6 11,919 11,447 12,082 11,472 56,315 54,278 3.8

      Electric lighting equipment..................... 1,091 1,065 1,006 2.4 5.9 ‐0.4 1,123 1,061 1,020 1,093 5,068 5,169 ‐2.0

      Household appliances........................ 1,735 1,733 1,742 0.1 ‐0.5 ‐0.3 1,788 1,709 1,796 1,747 8,337 8,155 2.2

      Electrical equipment............................ 3,132 3,118 3,075 0.4 1.4 0.0 3,204 2,960 3,377 3,156 15,123 15,094 0.2

      Batteries........................................... 883 901 948 ‐2.0 ‐5.0 7.8 862 886 864 943 4,106 4,392 ‐6.5

  Transportation equipment........................ 85,767 85,524 89,504 0.3 ‐4.4 ‐0.1 88,664 84,313 98,599 84,886 436,847 412,270 6.0

      Automobiles..................................... 8,968 8,739 9,334 2.6 ‐6.4 3.5 9,447 8,699 9,945 9,181 45,431 47,534 ‐4.4

      Light trucks and utility vehicles.............. 20,470 20,487 21,292 ‐0.1 ‐3.8 ‐0.9 20,659 20,340 23,748 17,497 105,434 92,665 13.8

      Heavy duty trucks ............................. 3,134 3,109 3,158 0.8 ‐1.6 1.5 3,299 3,224 3,383 2,588 15,541 12,882 20.6

      Motor vehicle bodies, parts,       

          and trailers.................................... 28,018 27,971 28,569 0.2 ‐2.1 1.7 29,791 29,252 30,092 28,249 143,614 135,059 6.3

      Nondefense aircraft and parts................ 10,407 10,558 13,085 ‐1.4 ‐19.3 ‐3.4 10,281 9,131 15,476 13,842 56,289 60,508 ‐7.0

      Defense aircraft and parts.................. 4,707 4,785 4,516 ‐1.6 6.0 ‐2.6 4,636 4,014 5,201 4,539 21,859 20,594 6.1

      Ships and boats................................. 2,972 2,896 2,916 2.6 ‐0.7 1.7 3,044 2,904 3,246 2,828 14,258 13,788 3.4

  Furniture and related products.................. 6,838 6,777 6,773 0.9 0.1 1.0 6,905 6,737 6,804 6,663 33,096 31,919 3.7

  Miscellaneous durable goods................. 13,684 13,616 13,596 0.5 0.1 ‐0.1 13,787 13,499 14,128 13,820 66,742 67,601 ‐1.3

  Nondurable goods industries..................... 250,071 250,557 249,461 ‐0.2 0.4 0.9 260,680 253,413 252,778 260,571 1,228,204 1,217,118 0.9

  Food products....................................... 67,260 67,534 67,040 ‐0.4 0.7 ‐0.5 67,396 66,551 67,723 68,208 331,164 332,460 ‐0.4

      Grain and oilseed milling....................... 7,537 7,546 7,529 ‐0.1 0.2 ‐0.5 7,301 7,372 7,568 7,829 36,977 39,171 ‐5.6

      Dairy products.................................. 9,308 9,422 9,247 ‐1.2 1.9 ‐1.7 9,553 9,287 9,349 9,839 45,992 47,043 ‐2.2

      Meat, poultry, and seafood products... 19,314 19,373 19,509 ‐0.3 ‐0.7 ‐0.2 19,943 19,522 19,495 20,328 95,972 95,875 0.1

  Beverage and tobacco products................ 12,736 12,413 11,931 2.6 4.0 ‐2.8 13,556 12,557 11,890 13,237 60,955 60,766 0.3

      Beverages......................................... 8,653 8,733 8,643 ‐0.9 1.0 0.3 9,473 8,877 8,602 9,578 42,311 42,151 0.4

      Tobacco............................................ 4,083 3,680 3,288 11.0 11.9 ‐10.0 4,083 3,680 3,288 3,659 18,644 18,615 0.2

  Textile mills........................................... 2,452 2,457 2,491 ‐0.2 ‐1.4 0.1 2,572 2,511 2,587 2,606 12,367 12,413 ‐0.4

  Textile products................................... 2,268 2,255 2,295 0.6 ‐1.7 ‐1.0 2,374 2,309 2,383 2,340 11,395 11,065 3.0

  Apparel................................................ 967 951 954 1.7 ‐0.3 ‐0.1 924 837 874 916 4,426 4,408 0.4

  Leather and allied products...................... 405 414 419 ‐2.2 ‐1.2 ‐3.7 406 433 437 422 2,116 2,055 3.0

  Paper products...................................... 16,235 16,141 16,098 0.6 0.3 ‐0.6 16,676 15,836 16,177 16,505 79,806 79,152 0.8

      Pulp, paper, and paperboard mills....... 6,472 6,463 6,461 0.1 0.0 ‐0.1 6,543 6,344 6,481 6,660 31,840 32,330 ‐1.5

      Paperboard containers........................ 5,714 5,665 5,638 0.9 0.5 ‐1.5 5,872 5,641 5,673 5,709 28,172 27,520 2.4

  Printing................................................. 6,693 6,635 6,673 0.9 ‐0.6 ‐0.8 6,973 6,739 6,651 6,837 32,921 32,129 2.5

  Petroleum and coal products.................. 54,662 55,995 55,127 ‐2.4 1.6 5.9 59,217 57,350 53,800 60,293 261,016 260,698 0.1

      Petroleum refineries.......................... 50,345 51,656 50,817 ‐2.5 1.7 6.1 54,574 53,028 49,980 56,035 241,417 242,771 ‐0.6

  Chemical products..................................... 66,701 66,079 66,572 0.9 ‐0.7 0.1 69,708 67,982 69,951 68,294 333,273 323,648 3.0

      Pesticides, fertilizers, and other

          agricultural chemicals....................... 2,753 2,656 2,696 3.7 ‐1.5 ‐0.1 3,427 3,434 3,434 3,329 15,400 14,313 7.6

      Pharmaceuticals and medicines............. 22,718 22,449 22,762 1.2 ‐1.4 1.7 23,240 22,526 23,239 21,648 111,126 103,194 7.7

      Paints, coatings, and adhesives.......... 3,892 3,873 3,808 0.5 1.7 ‐2.5 4,497 4,321 3,988 4,442 19,839 19,346 2.5

  Plastics and rubber products.................. 19,692 19,683 19,861 0.0 ‐0.9 ‐0.1 20,878 20,308 20,305 20,913 98,765 98,324 0.4

Year to date

p Preliminary

r

Revised data due to late receipts and concurrent seasonal adjustment.   1 Estimates of shipments and new orders are for the duration of the period, while estimates of unfilled orders and total inventories are for the end of the period. Not seasonally adjusted estimates of shipments and new orders include adjusted

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

model parameters. Estimates are not adjusted for price changes.         2 Estimates and percent changes of shipments for the semiconductor industry are included in computers and electronic products, and all other applicable aggregate totals.  

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

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

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, May Full Report, July 3, 2019.  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

May Apr. Mar. Apr. ‐ Mar. ‐ Feb. ‐ May Apr. Mar. May 2019/

2019p 2019r 2019 May Apr. Mar. 2019p 2019r 2019 2018 2019p 2018 2018

All manufacturing industries2........................ 493,569 497,166 503,295 ‐0.7 ‐1.2 1.3 505,688 498,781 531,717 513,780 2,464,012 2,440,937 0.9

      Excluding transportation2...................... 413,548 413,305 412,500 0.1 0.2 0.3 428,996 419,086 425,575 428,663 2,043,597 2,020,397 1.1

      Excluding defense2.............................. 478,190 479,916 486,704 ‐0.4 ‐1.4 0.5 492,655 484,656 510,084 500,355 2,392,832 2,377,701 0.6

      With unfilled orders2

............................. 170,021 173,554 179,278 ‐2.0 ‐3.2 2.4 168,639 170,847 199,912 181,624 868,257 872,495 ‐0.5

  Durable goods industries2......................... 243,498 246,609 253,834 ‐1.3 ‐2.8 1.7 245,008 245,368 278,939 253,209 1,235,808 1,223,819 1.0

  Primary metals........................................ 20,504 20,491 21,027 0.1 ‐2.5 ‐2.0 20,999 21,531 22,425 22,589 107,487 108,614 ‐1.0

      Iron and steel mills.............................. 10,432 10,328 10,803 1.0 ‐4.4 ‐2.2 10,589 11,026 11,637 11,233 54,919 54,489 0.8

      Aluminum and nonferrous metals.......... 8,549 8,616 8,686 ‐0.8 ‐0.8 ‐2.8 8,810 8,901 9,196 9,889 44,754 47,116 ‐5.0

      Ferrous metal foundries....................... 1,523 1,547 1,538 ‐1.6 0.6 4.3 1,600 1,604 1,592 1,467 7,814 7,009 11.5

  Fabricated metal products........................ 33,332 33,428 33,160 ‐0.3 0.8 ‐1.5 35,646 34,917 34,704 35,670 170,997 167,785 1.9

  Machinery............................................. 32,784 32,534 32,545 0.8 0.0 ‐2.0 33,808 33,778 35,252 33,832 166,688 164,920 1.1

      Construction machinery........................ 2,721 2,653 2,927 2.6 ‐9.4 ‐4.0 2,698 2,809 3,256 2,966 14,779 15,138 ‐2.4

      Mining, oil field, and

          gas field machinery.......................... 1,449 1,454 1,246 ‐0.3 16.7 ‐19.7 1,390 1,339 1,308 1,432 6,756 7,481 ‐9.7

      Industrial machinery............................ 2,623 2,678 2,500 ‐2.1 7.1 ‐0.4 2,384 2,636 2,914 2,295 12,603 12,413 1.5

      Photographic equipment....................... 550 546 541 0.7 0.9 10.2 487 473 547 412 2,351 2,275 3.3

      Ventilation, heating, air‐conditioning,

          and refrigeration equipment............... 4,183 4,156 4,229 0.6 ‐1.7 0.9 4,711 4,272 4,406 4,577 21,063 19,021 10.7

      Metalworking machinery....................... 2,666 2,544 2,474 4.8 2.8 ‐0.9 2,642 2,532 2,507 2,712 12,567 14,036 ‐10.5

      Turbines, generators, and other        

          power transmission equipment........... 4,341 4,411 4,407 ‐1.6 0.1 1.6 4,526 4,505 4,535 4,142 21,947 20,365 7.8

      Material handling equipment.................. 2,754 2,794 2,694 ‐1.4 3.7 ‐4.0 2,917 2,676 2,815 3,002 13,898 13,956 ‐0.4

  Computers and electronic products2........... 24,098 23,936 24,056 0.7 ‐0.5 2.1 22,716 22,096 27,129 22,010 113,278 108,402 4.5

      Computers........................................ 614 656 669 ‐6.4 ‐1.9 ‐1.3 591 563 666 764 2,894 3,555 ‐18.6

      Nondefense communications

          equipment...................................... 3,444 3,405 3,600 1.1 ‐5.4 9.4 3,162 3,122 4,177 3,036 16,197 15,385 5.3

      Defense communications equipment....... 241 226 320 6.6 ‐29.4 20.8 237 194 382 268 1,298 1,326 ‐2.1

      Electronic components......................... 3,583 3,538 3,570 1.3 ‐0.9 ‐0.5 3,648 3,489 3,597 3,675 17,497 17,718 ‐1.2

      Nondefense search and navigation

          equipment...................................... 1,756 1,584 1,647 10.9 ‐3.8 1.5 1,614 1,647 1,888 1,637 8,241 7,831 5.2

      Defense search and navigation

          equipment...................................... 3,052 3,150 3,316 ‐3.1 ‐5.0 16.3 2,715 2,956 4,090 2,393 14,559 12,886 13.0

      Electromedical, measuring,

          and control instruments..................... 9,465 9,441 9,148 0.3 3.2 ‐2.5 9,012 8,502 10,363 8,914 44,257 43,123 2.6

  Electrical equipment, appliances,        

    and components................................... 11,845 11,729 11,657 1.0 0.6 1.1 12,155 11,639 12,223 11,540 57,459 55,138 4.2

      Electric lighting equipment..................... 1,183 1,050 1,012 12.7 3.8 0.4 1,218 1,047 1,034 1,027 5,218 5,189 0.6

      Household appliances.......................... 1,779 1,738 1,710 2.4 1.6 ‐3.0 1,878 1,774 1,812 1,789 8,367 8,419 ‐0.6

      Electrical equipment............................ 3,108 3,113 3,164 ‐0.2 ‐1.6 1.4 3,174 3,012 3,444 3,176 15,578 15,120 3.0

  Transportation equipment........................ 80,021 83,861 90,795 ‐4.6 ‐7.6 6.0 76,692 79,695 106,142 85,117 420,415 420,540 0.0

      Motor vehicle bodies, parts,       

          and trailers..................................... 27,919 27,809 28,362 0.4 ‐1.9 0.4 29,721 28,507 30,070 28,351 143,935 135,648 6.1

      Nondefense aircraft and parts................ 5,338 7,438 12,256 ‐28.2 ‐39.3 7.8 780 5,260 18,286 12,998 41,339 68,240 ‐39.4

      Defense aircraft and parts.................... 4,530 5,360 5,590 ‐15.5 ‐4.1 19.0 2,745 4,945 6,728 4,404 21,540 17,897 20.4

      Ships and boats.................................. 3,245 2,849 4,902 13.9 ‐41.9 191.3 2,889 2,257 6,658 2,707 16,555 16,090 2.9

  Furniture and related products................... 6,909 6,689 6,684 3.3 0.1 1.4 7,144 7,007 7,058 6,784 34,184 33,057 3.4

  Nondurable goods industries..................... 250,071 250,557 249,461 ‐0.2 0.4 0.9 260,680 253,413 252,778 260,571 1,228,204 1,217,118 0.9

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, May Full Report, July 3, 2019.  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 May

May Apr. Mar. Apr. ‐ Mar. ‐ Feb. ‐ May Apr. Mar. May 2019/

2019p 2019r 2019 May Apr. Mar. 2019p 2019r 2019 2018 2018

All manufacturing industries2...................... 1,171,050 1,177,382 1,179,904 ‐0.5 ‐0.2 0.1 1,172,939 1,186,178 1,189,294 1,164,208 0.7

      Excluding transportation2

...................... 367,396 367,982 368,841 ‐0.2 ‐0.2 ‐0.2 372,794 374,061 372,559 366,099 1.8

      Excluding defense2............................. 968,925 975,581 980,288 ‐0.7 ‐0.5 ‐0.1 972,331 983,826 987,536 984,123 ‐1.2

  Durable goods industries2........................ 1,171,050 1,177,382 1,179,904 ‐0.5 ‐0.2 0.1 1,172,939 1,186,178 1,189,294 1,164,208 0.7

  Primary metals........................................ 31,280 31,382 31,677 ‐0.3 ‐0.9 ‐0.2 31,806 32,522 32,644 30,946 2.8

      Iron and steel mills............................... 15,957 16,162 16,534 ‐1.3 ‐2.2 ‐0.4 16,359 17,003 17,163 16,857 ‐3.0

      Aluminum and nonferrous metals............. 11,821 11,691 11,610 1.1 0.7 ‐0.1 11,906 11,935 11,878 10,844 9.8

      Ferrous metal foundries........................ 3,502 3,529 3,533 ‐0.8 ‐0.1 ‐0.2 3,541 3,584 3,603 3,245 9.1

  Fabricated metal products......................... 85,621 85,862 85,876 ‐0.3 0.0 ‐0.6 87,769 87,406 86,368 85,329 2.9

  Machinery.............................................. 103,498 104,103 104,626 ‐0.6 ‐0.5 ‐0.4 104,297 105,498 105,494 104,952 ‐0.6

      Construction machinery......................... 5,624 5,991 6,356 ‐6.1 ‐5.7 ‐0.2 5,731 6,394 6,770 6,365 ‐10.0

      Mining, oil field, and

          gas field machinery.......................... 3,924 4,051 4,121 ‐3.1 ‐1.7 ‐3.2 3,924 4,051 4,121 4,504 ‐12.9

      Industrial machinery............................. 8,150 8,255 8,276 ‐1.3 ‐0.3 ‐1.3 8,192 8,438 8,326 8,656 ‐5.4

      Photographic equipment........................ 1,315 1,320 1,337 ‐0.4 ‐1.3 0.8 1,277 1,317 1,366 1,583 ‐19.3

      Ventilation, heating, air‐conditioning,

          and refrigeration equipment................ 8,146 8,138 8,103 0.1 0.4 2.0 8,399 8,446 8,236 6,898 21.8

      Metalworking machinery........................ 6,950 6,936 7,108 0.2 ‐2.4 ‐2.4 7,068 7,077 7,147 8,311 ‐15.0

      Turbines, generators, and other        

          power transmission equipment............ 28,583 28,693 28,671 ‐0.4 0.1 0.2 28,583 28,693 28,671 29,473 ‐3.0

      Material handling equipment................... 12,682 12,750 12,822 ‐0.5 ‐0.6 ‐1.5 12,733 12,756 12,913 12,100 5.2

  Computers and electronic products2

............. 118,165 118,047 118,094 0.1 0.0 0.4 119,115 119,308 119,205 115,332 3.3

      Computers......................................... 2,181 2,215 2,229 ‐1.5 ‐0.6 0.1 2,181 2,215 2,229 2,015 8.2

      Nondefense communications

          equipment...................................... 24,505 24,605 24,762 ‐0.4 ‐0.6 0.3 24,807 24,939 25,035 24,669 0.6

      Defense communications equipment........ 1,241 1,272 1,307 ‐2.4 ‐2.7 0.0 1,235 1,261 1,325 1,447 ‐14.7

      Electronic components.......................... 12,850 12,858 12,887 ‐0.1 ‐0.2 ‐0.4 12,966 13,001 12,957 12,480 3.9

      Nondefense search and navigation

          equipment....................................... 20,383 20,222 20,243 0.8 ‐0.1 0.3 20,385 20,348 20,167 19,508 4.5

      Defense search and navigation

          equipment....................................... 28,990 28,801 28,591 0.7 0.7 1.6 29,173 29,220 28,999 26,961 8.2

      Electromedical, measuring,

          and control instruments...................... 28,015 28,074 28,075 ‐0.2 0.0 ‐0.3 28,368 28,324 28,493 28,252 0.4

  Electrical equipment, appliances,        

    and components.................................... 19,668 19,500 19,409 0.9 0.5 0.2 20,099 19,863 19,671 19,892 1.0

      Electric lighting equipment..................... 1,492 1,400 1,415 6.6 ‐1.1 0.4 1,501 1,406 1,420 1,365 10.0

      Household appliances........................... 1,183 1,139 1,134 3.9 0.4 ‐2.7 1,245 1,155 1,090 1,448 ‐14.0

      Electrical equipment............................. 7,971 7,995 8,000 ‐0.3 ‐0.1 1.1 8,109 8,139 8,087 7,861 3.2

  Transportation equipment......................... 803,654 809,400 811,063 ‐0.7 ‐0.2 0.2 800,145 812,117 816,735 798,109 0.3

      Motor vehicle bodies, parts,       

          and trailers...................................... 27,047 27,146 27,308 ‐0.4 ‐0.6 ‐0.8 27,513 27,583 28,328 27,096 1.5

      Nondefense aircraft and parts................ 585,547 590,616 593,736 ‐0.9 ‐0.5 ‐0.1 583,238 592,739 596,610 600,842 ‐2.9

      Defense aircraft and parts..................... 83,075 83,252 82,677 ‐0.2 0.7 1.3 81,870 83,761 82,830 69,797 17.3

      Ships and boats.................................. 31,767 31,494 31,541 0.9 ‐0.1 6.7 31,801 31,956 32,603 29,356 8.3

  Furniture and related products................... 8,613 8,542 8,630 0.8 ‐1.0 ‐1.0 9,157 8,918 8,648 9,017 1.6

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, May Full Report, July 3, 2019.  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 May

May Apr. Mar. Apr. ‐ Mar. ‐ Feb. ‐ May Apr. Mar. May 2019/

2019p 2019r 2019 May Apr. Mar. 2019p 2019r 2019 2018 2018

  All manufacturing industries...................... 694,136 692,729 691,141 0.2 0.2 0.4 697,927 697,010 690,232 673,906 3.6

      Excluding transportation........................ 555,656 556,408 556,549 ‐0.1 0.0 0.4 558,427 559,821 556,268 543,695 2.7

      Excluding defense............................. 666,328 664,978 663,526 0.2 0.2 0.4 669,917 669,149 662,634 646,947 3.6

      With unfilled orders............................. 346,232 344,679 342,962 0.5 0.5 0.4 348,704 346,651 341,789 331,168 5.3

  Durable goods industries........................ 424,580 422,595 420,796 0.5 0.4 0.3 427,282 424,922 419,903 406,964 5.0

  Wood products........................................ 12,233 12,252 12,279 ‐0.2 ‐0.2 0.0 12,059 12,183 12,572 11,988 0.6

  Nonmetallic mineral products..................... 14,992 14,968 14,968 0.2 0.0 0.1 15,231 15,228 15,261 14,555 4.6

  Primary metals......................................... 36,108 36,422 36,403 ‐0.9 0.1 ‐0.7 36,008 36,395 36,212 34,704 3.8

      Iron and steel mills............................... 20,182 20,471 20,548 ‐1.4 ‐0.4 ‐1.6 19,941 20,278 20,413 19,393 2.8

      Aluminum and nonferrous metals............ 13,774 13,814 13,725 ‐0.3 0.6 0.6 13,914 13,952 13,647 13,307 4.6

      Ferrous metal foundries........................ 2,152 2,137 2,130 0.7 0.3 0.0 2,153 2,165 2,152 2,004 7.4

  Fabricated metal products......................... 54,604 54,638 54,924 ‐0.1 ‐0.5 0.1 54,837 54,908 55,001 52,776 3.9

  Machinery.............................................. 71,899 71,757 71,647 0.2 0.2 1.0 72,365 72,204 71,735 68,507 5.6

      Farm machinery.................................. 3,817 3,831 3,942 ‐0.4 ‐2.8 0.3 3,850 3,867 4,176 3,646 5.6

      Construction machinery......................... 5,757 5,814 5,833 ‐1.0 ‐0.3 1.1 5,757 5,929 5,925 5,500 4.7

      Mining, oil field,   

          and gas field machinery.................... 5,405 5,508 5,559 ‐1.9 ‐0.9 1.3 5,425 5,590 5,572 5,454 ‐0.5

      Industrial machinery............................. 8,393 8,415 8,393 ‐0.3 0.3 0.0 8,341 8,256 8,532 8,285 0.7

      Photographic equipment....................... 1,809 1,803 1,779 0.3 1.3 4.2 1,811 1,772 1,697 1,724 5.0

      Ventilation, heating, air‐conditioning,

          and refrigeration equipment............... 5,577 5,572 5,535 0.1 0.7 1.9 5,957 5,937 5,673 5,279 12.8

      Metalworking machinery........................ 6,127 6,121 6,111 0.1 0.2 1.8 6,125 6,115 6,032 5,883 4.1

      Turbines, generators, and other

          power transmission equipment............ 9,825 9,798 9,743 0.3 0.6 0.3 9,934 9,832 9,560 9,698 2.4

      Material handling equipment.................. 6,121 6,036 5,960 1.4 1.3 1.2 6,120 5,999 5,830 5,596 9.4

  Computers and electronic products2

............ 43,394 43,480 43,395 ‐0.2 0.2 0.4 44,050 43,844 42,885 44,025 0.1

      Computers......................................... 1,515 1,509 1,570 0.4 ‐3.9 1.0 1,536 1,454 1,537 1,544 ‐0.5

      Computer storage devices.................... 1,108 1,107 1,135 0.1 ‐2.5 3.4 1,124 1,072 1,064 1,077 4.4

      Other peripheral equipment................... 1,128 1,125 1,164 0.3 ‐3.4 ‐1.5 1,166 1,148 1,128 1,158 0.7

      Nondefense communications

          equipment...................................... 4,817 4,858 4,841 ‐0.8 0.4 1.1 4,939 4,889 4,758 4,886 1.1

      Defense communications equipment........ 717 701 703 2.3 ‐0.3 1.0 717 701 703 677 5.9

      Audio and video equipment.................... 658 653 663 0.8 ‐1.5 4.9 619 623 633 516 20.0

      Electronic components.......................... 7,372 7,399 7,240 ‐0.4 2.2 ‐0.5 7,419 7,687 7,209 7,341 1.1

      Nondefense search and navigation

          equipment...................................... 2,667 2,668 2,655 0.0 0.5 0.0 2,678 2,685 2,625 2,581 3.8

      Defense search and navigation

          equipment....................................... 2,548 2,559 2,560 ‐0.4 0.0 1.8 2,635 2,603 2,570 2,720 ‐3.1

      Electromedical, measuring        

          and control instruments...................... 15,594 15,598 15,560 0.0 0.2 0.5 15,893 15,669 15,422 15,604 1.9

  Electrical equipment, appliances,        

    and components.................................... 20,283 20,294 20,287 ‐0.1 0.0 1.0 20,583 20,580 20,388 18,882 9.0

      Electric lighting equipment..................... 2,246 2,271 2,281 ‐1.1 ‐0.4 0.0 2,274 2,292 2,250 2,276 ‐0.1

      Household appliances........................... 2,926 2,909 2,891 0.6 0.6 0.9 2,996 2,980 2,932 2,875 4.2

      Electrical equipment............................. 5,717 5,721 5,725 ‐0.1 ‐0.1 0.5 5,809 5,840 5,777 5,266 10.3

      Batteries............................................ 1,989 1,999 2,015 ‐0.5 ‐0.8 7.5 2,048 2,032 2,004 1,888 8.5

  Transportation equipment......................... 138,480 136,321 134,592 1.6 1.3 0.3 139,500 137,189 133,964 130,211 7.1

      Automobiles....................................... 4,684 4,328 4,236 8.2 2.2 ‐4.6 4,544 4,376 4,292 3,873 17.3

      Light trucks and utility vehicles.............. 4,947 4,937 4,840 0.2 2.0 0.0 4,968 4,932 4,638 4,687 6.0

      Heavy duty trucks ............................... 2,187 2,182 2,210 0.2 ‐1.3 ‐1.7 2,289 2,217 2,220 2,247 1.9

      Motor vehicle bodies, parts,       

          and trailers...................................... 26,571 26,606 26,474 ‐0.1 0.5 0.6 26,501 26,602 26,513 25,320 4.7

      Nondefense aircraft and parts................ 71,117 69,398 68,220 2.5 1.7 0.3 72,134 70,172 67,815 66,669 8.2

      Defense aircraft and parts..................... 13,257 13,376 13,199 ‐0.9 1.3 ‐1.0 13,356 13,421 13,140 12,878 3.7

      Ships and boats.................................. 3,326 3,241 3,338 2.6 ‐2.9 9.9 3,331 3,239 3,356 2,842 17.2

  Furniture and related products.................... 8,078 8,060 8,042 0.2 0.2 ‐0.1 8,144 7,991 7,896 7,981 2.0

  Miscellaneous durable goods..................... 24,509 24,403 24,259 0.4 0.6 0.8 24,505 24,400 23,989 23,335 5.0

  Nondurable goods industries...................... 269,556 270,134 270,345 ‐0.2 ‐0.1 0.5 270,645 272,088 270,329 266,942 1.4

  Food products........................................ 54,022 54,073 54,221 ‐0.1 ‐0.3 0.5 52,896 53,099 53,129 53,341 ‐0.8

      Grain and oilseed milling........................ 5,146 5,169 5,227 ‐0.4 ‐1.1 1.1 4,920 5,096 5,230 5,171 ‐4.9

      Dairy products.................................... 7,726 7,693 7,729 0.4 ‐0.5 1.8 7,979 7,877 7,752 7,847 1.7

      Meat, poultry, and seafood products....... 9,246 9,318 9,259 ‐0.8 0.6 0.2 9,304 9,249 9,250 9,333 ‐0.3

  Beverage and tobacco products................ 25,015 24,976 24,926 0.2 0.2 0.5 25,002 25,266 25,205 24,667 1.4

      Beverages......................................... 20,485 20,428 20,350 0.3 0.4 0.3 20,562 20,703 20,526 20,094 2.3

      Tobacco............................................ 4,530 4,548 4,576 ‐0.4 ‐0.6 1.3 4,440 4,563 4,679 4,573 ‐2.9

  Textile mills............................................ 3,340 3,369 3,424 ‐0.9 ‐1.6 ‐1.2 3,363 3,389 3,418 3,235 4.0

  Textile products...................................... 3,543 3,550 3,562 ‐0.2 ‐0.3 0.2 3,545 3,557 3,579 3,433 3.3

  Apparel................................................. 1,982 1,970 1,952 0.6 0.9 1.0 1,931 1,934 1,908 1,834 5.3

  Leather and allied products....................... 774 771 783 0.4 ‐1.5 ‐1.8 783 765 767 797 ‐1.8

  Paper products....................................... 16,461 16,398 16,394 0.4 0.0 0.3 16,383 16,388 16,515 15,835 3.5

      Pulp, paper, and paperboard mills........... 6,876 6,839 6,833 0.5 0.1 0.9 6,889 6,892 6,953 6,495 6.1

      Paperboard containers......................... 5,128 5,078 5,063 1.0 0.3 0.2 5,084 5,016 5,079 4,972 2.3

  Printing.................................................. 5,584 5,605 5,599 ‐0.4 0.1 0.1 5,524 5,636 5,587 5,414 2.0

  Petroleum and coal products..................... 41,310 41,933 41,684 ‐1.5 0.6 3.2 42,322 43,355 40,970 42,645 ‐0.8

      Petroleum refineries............................. 35,541 36,232 35,745 ‐1.9 1.4 4.1 36,517 37,670 35,038 37,228 ‐1.9

  Chemical products..................................... 90,392 90,282 90,569 0.1 ‐0.3 ‐0.3 91,478 91,096 91,664 89,253 2.5

      Pesticides, fertilizers, and other

          agricultural chemicals........................ 5,024 4,951 4,928 1.5 0.5 1.8 4,971 5,153 5,376 4,619 7.6

      Pharmaceuticals and medicines.............. 36,888 36,639 36,895 0.7 ‐0.7 ‐0.5 37,530 36,884 37,302 36,723 2.2

      Paints, coatings, and adhesives.............. 3,879 3,899 3,947 ‐0.5 ‐1.2 0.3 3,960 4,028 4,060 3,985 ‐0.6

  Plastics and rubber products..................... 27,133 27,207 27,231 ‐0.3 ‐0.1 ‐0.1 27,418 27,603 27,587 26,488 3.5

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, May Full Report, July 3, 2019.  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

May Apr. Mar. Apr. ‐ Mar. ‐ Feb. ‐ May Apr. Mar. May 2019/

2019p 2019r 2019 May Apr. Mar. 2019p 2019r 2019 2018 2019p 2018 2018

SHIPMENTS

  All manufacturing industries......................... 504,263 503,881 506,780 0.1 ‐0.6 0.2 522,669 505,758 525,684 515,105 2,490,741 2,431,885 2.4

    Construction materials and supplies....... 51,990 51,961 51,904 0.1 0.1 ‐0.5 56,397 53,605 51,399 55,263 253,768 247,145 2.7

    Information technology......................... 25,780 25,800 25,373 ‐0.1 1.7 ‐0.3 24,695 23,901 27,550 23,111 120,224 112,470 6.9

    Computers and related products........... 1,789 1,826 1,750 ‐2.0 4.3 ‐5.4 1,600 1,523 1,913 1,623 7,807 7,826 ‐0.2

    Motor vehicle and parts......................... 60,590 60,306 62,353 0.5 ‐3.3 1.0 63,196 61,515 67,168 57,515 310,020 288,140 7.6

    Capital goods......................................      89,101 88,698 90,810 0.5 ‐2.3 ‐0.6 89,148 85,157 99,426 88,478 435,767 421,434 3.4

      Nondefense capital goods3

.................. 76,088 75,745 78,288 0.5 ‐3.2 ‐0.9 76,284 73,317 85,264 77,209 374,273 367,199 1.9

        Excluding aircraft............................. 70,088 69,640 69,380 0.6 0.4 ‐0.6 70,317 68,291 74,693 67,487 339,797 327,431 3.8

      Defense capital goods4

........................ 13,013 12,953 12,522 0.5 3.4 0.9 12,864 11,840 14,162 11,269 61,494 54,235 13.4

    Consumer goods.................................. 212,370 212,921 212,748 ‐0.3 0.1 1.3 219,801 213,410 216,803 216,387 1,042,804 1,025,425 1.7

      Consumer durable goods..................... 43,220 42,903 44,161 0.7 ‐2.8 0.0 44,488 43,026 47,889 40,821 219,040 207,782 5.4

      Consumer nondurable goods................ 169,150 170,018 168,587 ‐0.5 0.8 1.6 175,313 170,384 168,914 175,566 823,764 817,643 0.7

  All manufacturing industries5

...................... 493,569 497,166 503,295 ‐0.7 ‐1.2 1.3 505,688 498,781 531,717 513,780 2,464,012 2,440,937 0.9

    Construction materials and supplies....... 51,899 51,738 51,590 0.3 0.3 ‐0.9 56,940 54,399 51,890 56,563 257,447 253,961 1.4

    Information technology......................... 25,957 25,871 25,850 0.3 0.1 2.5 24,578 24,000 29,148 23,352 122,322 114,977 6.4

    Computers and related products........... 1,755 1,812 1,752 ‐3.1 3.4 ‐4.8 1,566 1,509 1,915 1,632 7,793 7,963 ‐2.1

    Motor vehicle and parts......................... 60,491 60,144 62,146 0.6 ‐3.2 0.4 63,126 60,770 67,146 57,617 310,341 288,729 7.5

    Capital goods......................................      84,691 87,454 91,900 ‐3.2 ‐4.8 6.3 78,565 82,352 107,870 87,316 426,502 434,256 ‐1.8

      Nondefense capital goods3.................. 70,834 72,419 77,840 ‐2.2 ‐7.0 2.6 66,385 70,607 89,122 75,891 363,621 379,805 ‐4.3

        Excluding aircraft............................. 68,992 68,629 69,396 0.5 ‐1.1 0.3 68,902 68,091 75,614 68,188 341,798 334,262 2.3

      Defense capital goods4........................ 13,857 15,035 14,060 ‐7.8 6.9 32.7 12,180 11,745 18,748 11,425 62,881 54,451 15.5

    Consumer goods.................................. 212,506 212,927 212,656 ‐0.2 0.1 1.2 219,845 213,479 216,806 216,219 1,043,001 1,025,778 1.7

      Consumer durable goods..................... 43,356 42,909 44,069 1.0 ‐2.6 ‐0.1 44,532 43,095 47,892 40,653 219,237 208,135 5.3

      Consumer nondurable goods.............. 169,150 170,018 168,587 ‐0.5 0.8 1.6 175,313 170,384 168,914 175,566 823,764 817,643 0.7

  All manufacturing industries5

...................... 1,171,050 1,177,382 1,179,904 ‐0.5 ‐0.2 0.1 1,172,939 1,186,178 1,189,294 1,164,208 (X) (X) 0.7

    Construction materials and supplies....... 59,496 59,587 59,810 ‐0.2 ‐0.4 ‐0.5 61,484 60,941 60,147 59,387 (X) (X) 3.5

    Information technology......................... 115,652 115,475 115,404 0.2 0.1 0.4 116,670 116,787 116,688 113,653 (X) (X) 2.7

    Computers and related products........... 2,181 2,215 2,229 ‐1.5 ‐0.6 0.1 2,181 2,215 2,229 2,015 (X) (X) 8.2

    Motor vehicle and parts......................... 27,047 27,146 27,308 ‐0.4 ‐0.6 ‐0.8 27,513 27,583 28,328 27,096 (X) (X) 1.5

    Capital goods......................................      858,962 863,372 864,616 ‐0.5 ‐0.1 0.1 857,932 868,515 871,320 861,915 (X) (X) ‐0.5

      Nondefense capital goods3.................. 698,715 703,969 707,295 ‐0.7 ‐0.5 ‐0.1 698,768 708,667 711,377 715,418 (X) (X) ‐2.3

        Excluding aircraft............................. 219,075 220,171 221,182 ‐0.5 ‐0.5 0.0 221,346 222,761 222,961 221,321 (X) (X) 0.0

      Defense capital goods4........................ 160,247 159,403 157,321 0.5 1.3 1.0 159,164 159,848 159,943 146,497 (X) (X) 8.6

    Consumer goods.................................. 4,582 4,446 4,440 3.1 0.1 ‐2.0 4,683 4,639 4,570 5,164 (X) (X) ‐9.3

      Consumer durable goods..................... 4,582 4,446 4,440 3.1 0.1 ‐2.0 4,683 4,639 4,570 5,164 (X) (X) ‐9.3

  All manufacturing industries....................... 694,136 692,729 691,141 0.2 0.2 0.4 697,927 697,010 690,232 673,906 (X) (X) 3.6

    Construction materials and supplies....... 73,818 73,919 74,267 ‐0.1 ‐0.5 ‐0.2 74,534 74,734 75,058 71,940 (X) (X) 3.6

    Information technology......................... 40,209 40,218 40,249 0.0 ‐0.1 0.8 40,812 40,290 39,793 39,299 (X) (X) 3.8

    Computers and related products........... 3,751 3,741 3,869 0.3 ‐3.3 0.9 3,826 3,674 3,729 3,779 (X) (X) 1.2

    Motor vehicle and parts......................... 38,389 38,053 37,760 0.9 0.8 ‐0.2 38,302 38,127 37,663 36,127 (X) (X) 6.0

    Capital goods......................................      211,522 209,556 208,198 0.9 0.7 0.7 213,765 210,544 207,351 201,684 (X) (X) 6.0

      Nondefense capital goods3.................. 188,061 186,181 184,956 1.0 0.7 0.7 190,201 187,104 184,067 179,151 (X) (X) 6.2

        Excluding aircraft............................. 129,308 129,075 128,976 0.2 0.1 0.7 130,367 129,408 128,394 124,373 (X) (X) 4.8

      Defense capital goods4........................ 23,461 23,375 23,242 0.4 0.6 1.0 23,564 23,440 23,284 22,533 (X) (X) 4.6

    Consumer goods.................................. 204,044 204,014 203,699 0.0 0.2 0.7 204,160 204,868 202,159 201,650 (X) (X) 1.2

      Consumer durable goods..................... 31,945 31,501 31,217 1.4 0.9 ‐0.2 31,754 31,476 30,831 29,984 (X) (X) 5.9

      Consumer nondurable goods................ 172,099 172,513 172,482 ‐0.2 0.0 0.9 172,406 173,392 171,328 171,666 (X) (X) 0.4

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, May Full Report, July 3, 2019.  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 May

May Apr. Mar. Apr. ‐ Mar. ‐ Feb. ‐ May Apr. Mar. May 2019/

2019p 2019r 2019 May Apr. Mar. 2019p 2019r 2019 2018 2018

MATERIALS AND SUPPLIES

  All manufacturing industries....................... 238,017 238,466 238,437 ‐0.2 0.0 ‐0.1 238,235 238,631 237,764 229,238 3.9

    Durable goods industries.......................... 145,539 146,028 145,969 ‐0.3 0.0 ‐0.1 145,091 145,543 145,169 138,049 5.1

      Wood products................................... 5,185 5,173 5,175 0.2 0.0 0.3 4,917 4,913 5,158 4,799 2.5

      Nonmetallic mineral products................. 6,231 6,197 6,172 0.5 0.4 ‐0.3 6,259 6,226 6,192 5,941 5.4

      Primary metals.................................... 13,009 13,255 13,098 ‐1.9 1.2 ‐2.9 12,729 12,975 12,827 12,193 4.4

      Fabricated metal products..........................       20,534 20,592 20,698 ‐0.3 ‐0.5 0.0 20,445 20,446 20,503 19,520 4.7

      Machinery.......................................... 29,223 29,250 29,267 ‐0.1 ‐0.1 1.1 29,288 29,251 29,247 26,714 9.6

      Computers and electronic products........ 19,061 19,065 18,850 0.0 1.1 ‐0.1 19,313 19,201 18,642 18,737 3.1

      Electrical equipment, appliances,

         and components............................... 8,517 8,484 8,496 0.4 ‐0.1 0.1 8,598 8,581 8,548 7,835 9.7

      Transportation equipment..................... 31,903 32,103 32,269 ‐0.6 ‐0.5 ‐0.1 31,668 32,149 32,297 30,668 3.3

      Furniture and related products............... 3,936 3,924 3,945 0.3 ‐0.5 ‐0.5 3,903 3,857 3,885 3,822 2.1

      Miscellaneous products......................... 7,940 7,985 7,999 ‐0.6 ‐0.2 0.3 7,971 7,944 7,870 7,820 1.9

   Nondurable goods industries...................... 92,478 92,438 92,468 0.0 0.0 ‐0.1 93,144 93,088 92,595 91,189 2.1

      Food  products.................................... 17,955 17,859 18,007 0.5 ‐0.8 0.3 17,856 17,692 17,731 17,821 0.2

      Beverage and tobacco products........................ 5,972 5,968 5,955 0.1 0.2 ‐0.5 5,929 6,010 6,032 5,905 0.4

      Textiles.............................................. 1,156 1,161 1,182 ‐0.4 ‐1.8 ‐0.9 1,164 1,166 1,180 1,137 2.4

      Textile products................................... 1,362 1,363 1,361 ‐0.1 0.1 0.4 1,368 1,361 1,372 1,319 3.7

      Apparel............................................. 507 508 500 ‐0.2 1.6 ‐1.8 498 512 500 488 2.0

      Leather and allied products.................... 276 273 277 1.1 ‐1.4 ‐0.4 277 270 271 261 6.1

      Paper products.................................... 8,211 8,223 8,250 ‐0.1 ‐0.3 0.1 8,122 8,182 8,281 7,979 1.8

      Printing ............................................. 2,806 2,787 2,800 0.7 ‐0.5 ‐1.1 2,786 2,786 2,794 2,780 0.2

      Petroleum and coal products................. 11,379 11,519 11,358 ‐1.2 1.4 2.1 11,951 12,105 11,447 12,570 ‐4.9

      Chemical products................................ 31,483 31,327 31,343 0.5 ‐0.1 ‐0.6 31,794 31,535 31,558 29,905 6.3

      Plastics and rubber products.................. 11,371 11,450 11,435 ‐0.7 0.1 ‐0.8 11,399 11,469 11,429 11,024 3.4

WORK IN PROCESS

  All manufacturing industries....................... 214,541 212,962 211,818 0.7 0.5 0.5 216,127 215,171 211,534 208,423 3.7

    Durable goods industries.......................... 159,250 157,266 155,674 1.3 1.0 0.6 161,336 158,879 155,303 153,389 5.2

      Wood products................................... 2,201 2,196 2,203 0.2 ‐0.3 ‐0.1 2,225 2,233 2,282 2,266 ‐1.8

      Nonmetallic mineral products................. 1,563 1,578 1,574 ‐1.0 0.3 0.4 1,603 1,636 1,631 1,550 3.4

      Primary metals.................................... 10,435 10,566 10,667 ‐1.2 ‐0.9 ‐0.3 10,543 10,664 10,579 10,480 0.6

      Fabricated metal products..........................       13,958 14,075 14,182 ‐0.8 ‐0.8 0.3 14,079 14,124 14,153 13,915 1.2

      Machinery.......................................... 18,593 18,560 18,452 0.2 0.6 0.7 18,806 18,604 18,269 18,998 ‐1.0

      Computers and electronic products........ 12,500 12,516 12,520 ‐0.1 0.0 0.2 12,907 12,897 12,580 13,427 ‐3.9

      Electrical equipment, appliances,

         and components............................... 4,316 4,322 4,299 ‐0.1 0.5 1.5 4,413 4,398 4,311 3,991 10.6

      Transportation equipment..................... 90,418 88,199 86,496 2.5 2.0 0.8 91,462 89,023 86,253 83,588 9.4

      Furniture and related products............... 1,338 1,347 1,356 ‐0.7 ‐0.7 ‐0.8 1,374 1,369 1,358 1,441 ‐4.6

      Miscellaneous products......................... 3,928 3,907 3,925 0.5 ‐0.5 1.3 3,924 3,931 3,887 3,733 5.1

   Nondurable goods industries...................... 55,291 55,696 56,144 ‐0.7 ‐0.8 0.3 54,791 56,292 56,231 55,034 ‐0.4

      Food  products.................................... 6,058 5,944 6,045 1.9 ‐1.7 1.6 5,457 5,659 5,950 5,594 ‐2.4

      Beverage and tobacco products........................ 9,711 9,705 9,669 0.1 0.4 0.3 9,592 9,811 9,849 9,291 3.2

      Textiles.............................................. 727 731 735 ‐0.5 ‐0.5 ‐0.4 732 739 732 712 2.8

      Textile products................................... 425 427 431 ‐0.5 ‐0.9 ‐0.2 422 430 434 413 2.2

      Apparel............................................. 344 340 352 1.2 ‐3.4 2.3 341 331 342 336 1.5

      Leather and allied products.................... 78 76 71 2.6 7.0 ‐6.6 80 77 72 76 5.3

      Paper products.................................... 1,360 1,357 1,357 0.2 0.0 ‐0.3 1,369 1,354 1,361 1,276 7.3

      Printing ............................................. 1,233 1,260 1,232 ‐2.1 2.3 1.5 1,166 1,269 1,229 1,052 10.8

      Petroleum and coal products................. 12,830 12,985 13,171 ‐1.2 ‐1.4 1.9 13,015 13,678 13,105 13,714 ‐5.1

      Chemical products................................ 19,372 19,716 19,894 ‐1.7 ‐0.9 ‐1.0 19,442 19,749 19,931 19,441 0.0

      Plastics and rubber products.................. 3,153 3,155 3,187 ‐0.1 ‐1.0 0.1 3,175 3,195 3,226 3,129 1.5

FINISHED GOODS

  All manufacturing industries....................... 241,578 241,301 240,886 0.1 0.2 0.8 243,565 243,208 240,934 236,245 3.1

    Durable goods industries.......................... 119,791 119,301 119,153 0.4 0.1 0.5 120,855 120,500 119,431 115,526 4.6

      Wood products................................... 4,847 4,883 4,901 ‐0.7 ‐0.4 ‐0.2 4,917 5,037 5,132 4,923 ‐0.1

      Nonmetallic mineral products................. 7,198 7,193 7,222 0.1 ‐0.4 0.4 7,369 7,366 7,438 7,064 4.3

      Primary metals.................................... 12,664 12,601 12,638 0.5 ‐0.3 1.2 12,736 12,756 12,806 12,031 5.9

      Fabricated metal products..........................       20,112 19,971 20,044 0.7 ‐0.4 0.0 20,313 20,338 20,345 19,341 5.0

      Machinery.......................................... 24,083 23,947 23,928 0.6 0.1 1.1 24,271 24,349 24,219 22,795 6.5

      Computers and electronic products........ 11,833 11,899 12,025 ‐0.6 ‐1.0 1.3 11,830 11,746 11,663 11,861 ‐0.3

      Electrical equipment, appliances,

         and components............................... 7,450 7,488 7,492 ‐0.5 ‐0.1 1.9 7,572 7,601 7,529 7,056 7.3

      Transportation equipment..................... 16,159 16,019 15,827 0.9 1.2 ‐1.7 16,370 16,017 15,414 15,955 2.6

      Furniture and related products............... 2,804 2,789 2,741 0.5 1.8 0.9 2,867 2,765 2,653 2,718 5.5

      Miscellaneous products......................... 12,641 12,511 12,335 1.0 1.4 0.9 12,610 12,525 12,232 11,782 7.0

   Nondurable goods industries...................... 121,787 122,000 121,733 ‐0.2 0.2 1.0 122,710 122,708 121,503 120,719 1.6

      Food  products.................................... 30,009 30,270 30,169 ‐0.9 0.3 0.4 29,583 29,748 29,448 29,926 ‐1.1

      Beverage and tobacco products........................ 9,332 9,303 9,302 0.3 0.0 1.3 9,481 9,445 9,324 9,471 0.1

      Textiles.............................................. 1,457 1,477 1,507 ‐1.4 ‐2.0 ‐1.7 1,467 1,484 1,506 1,386 5.8

      Textile products................................... 1,756 1,760 1,770 ‐0.2 ‐0.6 0.2 1,755 1,766 1,773 1,701 3.2

      Apparel............................................. 1,131 1,122 1,100 0.8 2.0 1.9 1,092 1,091 1,066 1,010 8.1

      Leather and allied products.................... 420 422 435 ‐0.5 ‐3.0 ‐1.8 426 418 424 460 ‐7.4

      Paper products.................................... 6,890 6,818 6,787 1.1 0.5 0.7 6,892 6,852 6,873 6,580 4.7

      Printing ............................................. 1,545 1,558 1,567 ‐0.8 ‐0.6 1.0 1,572 1,581 1,564 1,582 ‐0.6

      Petroleum and coal products................. 17,101 17,429 17,155 ‐1.9 1.6 4.9 17,356 17,572 16,418 16,361 6.1

      Chemical products................................ 39,537 39,239 39,332 0.8 ‐0.2 0.2 40,242 39,812 40,175 39,907 0.8

      Plastics and rubber products.................. 12,609 12,602 12,609 0.1 ‐0.1 0.5 12,844 12,939 12,932 12,335 4.1

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, May Full Report, July 3, 2019.  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 May Apr Mar Feb May Apr Mar Feb

2019p 2019r 2019 2019 2019p 2019r 2019 2019

All manufacturing industries3

.................................... 1.38 1.37 1.36 1.36 (X) (X) (X) (X)

Durable goods industries3

........................................ 1.67 1.67 1.64 1.62 6.64 6.69 6.61 6.56

  Wood products........................................................... 1.34 1.34 1.35 1.35 (X) (X) (X) (X)

  Nonmetallic mineral products............................. 1.34 1.34 1.34 1.34 (X) (X) (X) (X)

  Primary metals............................................................ 1.75 1.75 1.72 1.71 1.52 1.51 1.50 1.48

  Fabricated metal products...................................... 1.63 1.63 1.63 1.62 2.62 2.64 2.62 2.62

  Machinery..................................................................... 2.15 2.17 2.17 2.12 3.43 3.48 3.54 3.50

  Computers and electronic products3

................... 1.53 1.54 1.56 1.54 5.36 5.35 5.41 5.42

  Electrical equipment, appliances,

      and components.................................................... 1.74 1.74 1.75 1.74 1.82 1.82 1.82 1.82

  Transportation equipment..................................... 1.61 1.59 1.50 1.50 15.11 15.22 14.56 14.46

  Furniture and related products............................ 1.18 1.19 1.19 1.20 1.40 1.40 1.41 1.45

  Miscellaneous products.......................................... 1.79 1.79 1.78 1.77 (X) (X) (X) (X)

Nondurable goods industries................................... 1.08 1.08 1.08 1.09 (X) (X) (X) (X)

  Food products............................................................. 0.80 0.80 0.81 0.80 (X) (X) (X) (X)

  Beverage and tobacco products........................... 1.96 2.01 2.09 2.02 (X) (X) (X) (X)

  Textiles.......................................................................... 1.36 1.37 1.37 1.39 (X) (X) (X) (X)

  Textile products......................................................... 1.56 1.57 1.55 1.53 (X) (X) (X) (X)

  Apparel........................................................................ 2.05 2.07 2.05 2.02 (X) (X) (X) (X)

  Leather and allied products................................ 1.91 1.86 1.87 1.83 (X) (X) (X) (X)

  Paper products.......................................................... 1.01 1.02 1.02 1.01 (X) (X) (X) (X)

  Printing........................................................................ 0.83 0.84 0.84 0.83 (X) (X) (X) (X)

  Petroleum and coal products............................... 0.76 0.75 0.76 0.78 (X) (X) (X) (X)

  Chemical products................................................... 1.36 1.37 1.36 1.37 (X) (X) (X) (X)

  Plastics and rubber products................................ 1.38 1.38 1.37 1.37 (X) (X) (X) (X)

May3 May3 May3 May3

Industry 2018‐ 2018‐ 2018‐ 2018‐

May2 Apr May2 Apr May2 Apr May2 Apr

2019 2019 2019 2019 2019 2019 2019 2019

          

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

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

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

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

  Primary metals............................................. ‐0.2 0.3 ‐0.3 0.6 ‐0.1 0.3 ‐0.1 0.3

  Fabricated metal products.................... ‐0.2 0.3 0.1 0.7 0.1 0.2 ‐0.2 0.1

  Machinery...................................................... ‐0.1 0.4 0.1 0.7 0.0 0.1 0.0 0.1

  Computers and electronic products..... 0.0 0.3 ‐0.1 0.4 0.0 0.1 0.0 0.1

  Electrical equipment, appliances,

      and components..................................... 0.4 0.3 1.4 0.4 0.2 0.2 ‐0.2 0.3

  Transportation equipment.................... 0.0 0.4 0.0 0.8 0.0 0.1 0.0 0.1

  Furniture and related products............. (X) 0.5 (X) 0.6 (X) 0.7 (X) 0.3

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

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

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

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

  Textiles.......................................................... (X) 0.3 (X) (NA) (X) (NA) (X) 0.2

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

  Apparel......................................................... (X) 0.4 (X) (NA) (X) (NA) (X) 0.5

  Leather and allied products.................. (X) 0.8 (X) (NA) (X) (NA) (X) 0.5

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

  Printing.......................................................... (X) 0.5 (X) (NA) (X) (NA) (X) 0.3

  Petroleum and coal products............... (X) 0.5 (X) (NA) (X) (NA) (X) 0.4

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

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

X Not Applicable   p Preliminary

r

Revised data due to late receipts and concurrent seasonal adjustment.     2 Excludes the following industries with no unfilled orders:  Wood products; nonmetallic mineral products; medical equipment and supplies; office supplies;

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

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

miscellaneous furniture.     3 Unfilled orders to shipments ratio excludes semiconductor manufacturing.  

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

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

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

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

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, May Full Report, July 3, 2019. 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, May Full Report, July 3, 2019. 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