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FOR RELEASE AT 8:30 AM EDT, THURSDAY, AUGUST 24, 2023 

MONTHLY ADVANCE REPORT ON DURABLE GOODS MANUFACTURERS’ SHIPMENTS, 

INVENTORIES AND ORDERS JULY 2023 

Release Number: CB 23-132 M3-1 (23)-07 

August 24, 2023 — The U.S. Census Bureau announces the July advance report on durable goods 

manufacturers’ shipments, inventories and orders:

New Orders

New orders for manufactured durable goods in July, down following four consecutive monthly increases, 

decreased $15.5 billion or 5.2 percent to $285.9 billion, the U.S. Census Bureau announced today. This

followed a 4.4 percent June increase. Excluding transportation, new orders increased 0.5 percent. 

Excluding defense, new orders decreased 5.4 percent. Transportation equipment, also down following 

four consecutive monthly increases, drove the decrease, $16.4 billion or 14.3 percent to $98.7 billion.

Shipments

Shipments of manufactured durable goods in July, up four of the last five months, increased $0.1 billion or

virtually unchanged to $283.6 billion. This followed a virtually unchanged June increase. Machinery, up six

of the last seven months, drove the increase, $0.1 billion or 0.3 percent to $37.9 billion.

DURABLE GOODS – NEW ORDERS

JULY 2023 $285.9 billion -5.2%°

 JUNE 2023

(revised) $301.5 billion +4.4%°

Next release: September 27, 2023 

Data adjusted for seasonal variation but not for price changes.

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

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

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

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories and Orders, August 24, 

2023.

-0.1%

0.3%

1.0%

-3.1%

4.5%

-1.3%

-2.7%

3.3%

1.2%

2.0%

4.4%

-6.0% -5.2%

-5.0%

-4.0%

-3.0%

-2.0%

-1.0%

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%

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

DURABLE GOODS NEW ORDERS 2022-2023

Seasonally Adjusted, Month-To-Month Percentage Change

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders, August 24, 2023.
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Unfilled Orders

Unfilled orders for manufactured durable goods in July, up seven of the last eight months, increased $7.3

billion or 0.5 percent to $1,332.2 billion. This followed a 1.8 percent June increase. Transportation 

equipment, also up seven of the last eight months, led the increase, $7.0 billion or 0.9 percent to $834.2

billion.

Inventories

Inventories of manufactured durable goods in July, down two consecutive months, decreased $0.2 billion 

or virtually unchanged to $522.2 billion. This followed a 0.1 percent June decrease. Transportation

equipment, also down two consecutive months, drove the decrease, $0.3 billion or 0.2 percent to $163.7

billion. 

Capital Goods

Nondefense new orders for capital goods in July decreased $16.6 billion or 15.6 percent to $89.8 billion. 

Shipments decreased $0.9 billion or 1.1 percent to $82.4 billion. Unfilled orders increased $7.5 billion or 

1.0 percent to $779.1 billion. Inventories decreased $0.3 billion or 0.1 percent to $225.0 billion. Defense 

new orders for capital goods in July increased $0.3 billion or 2.5 percent to $12.3 billion. Shipments

decreased $0.2 billion or 1.7 percent to $13.3 billion. Unfilled orders decreased $1.0 billion or 0.5 percent

to $210.8 billion. Inventories decreased $0.1 billion or 0.3 percent to $24.2 billion.

Revised June Data

Revised seasonally adjusted June figures for all manufacturing industries were: new orders, $592.3 billion 

(revised from $592.0 billion); shipments, $574.4 billion (revised from $573.9 billion); unfilled orders, 

$1,324.9 billion (revised from $1,325.1 billion) and total inventories, $851.8 billion (revised from $853.1

billion).

Revised and more detailed estimates, plus nondurable goods data, will be published on September 5, 

2023, at 10:00 a.m. EDT. The Advance Report on durable goods for August is scheduled for release on

September 27, 2023, at 8:30 a.m. EDT. View the full schedule in the Economic Briefing Room:

<www.census.gov/economic-indicators/>. The full text and tables of this release can be found at

<www.census.gov/m3>.
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EXPLANATORY NOTES

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

exclude data for semiconductor manufacturing. 

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

decrease.

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

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

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

Description of the survey

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

shipments for manufacturing establishments in the 2017 Economic Census. Statistics based on the M3 

panel differ from the results that would be obtained from a complete enumeration of all manufacturing 

companies. The M3 panel is not based on a probability sample; therefore, the sampling errors that are 

normally provided with sample surveys cannot be measured. Nonsampling errors are attributable to many 

sources. The use of company or divisional reports to estimate the monthly change for establishments is 
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one source of nonsampling error. The use of primarily large companies to represent the month-to-month 

movement of all companies is another potential source. Any corrections will be published in the full 

report. Corrections received after the full report will be released in the next month’s advance report. Any 

revisions made later than two months will be reflected in the annual benchmark publication. Additional 

survey documentation can be found on our web site: 

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

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. Durable Goods Manufacturers' Shipments and New Orders 1

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

Seasonally Adjusted Not Seasonally Adjusted 

Monthly Percent Change Monthly Year to Date

Item Percent

Jul Jun May Jun - May - Apr - Jul Jun Jul Change

2023 2 2023 r 2023 Jul 2 Jun r May 2023 2 2023 r 2022 2023 2022 2023/2022

DURABLE GOODS

 Total:

 Shipments................................ 283,608 283,512 283,412 0.0 0.0 2.0 260,545 307,871 252,509 1,942,641 1,862,018 4.3

 New Orders4

.............................. 285,931 301,456 288,857 -5.2 4.4 2.0 262,513 324,367 254,244 1,972,067 1,889,360 4.4

 Excluding transportation:

 Shipments................................ 191,964 191,590 191,359 0.2 0.1 0.6 184,078 206,684 181,781 1,328,372 1,308,326 1.5

 New Orders4.............................. 187,240 186,343 185,997 0.5 0.2 0.7 178,668 199,264 176,827 1,302,649 1,295,698 0.5

 Excluding defense:

 Shipments................................ 268,006 267,714 267,963 0.1 -0.1 2.2 246,627 291,211 239,365 1,838,131 1,765,515 4.1

 New Orders4.............................. 270,871 286,445 270,490 -5.4 5.9 3.1 251,659 306,571 242,996 1,860,047 1,793,102 3.7

 Manufacturing with unfilled orders:

 Shipments................................ 196,109 196,645 195,943 -0.3 0.4 1.8 180,702 215,022 174,651 1,348,405 1,291,202 4.4

 New Orders.............................. 203,395 219,577 206,456 -7.4 6.4 1.7 187,467 236,207 181,515 1,411,753 1,352,294 4.4

 Primary metals:

 Shipments................................ 26,766 26,845 26,912 -0.3 -0.2 0.5 25,576 28,463 25,661 190,191 192,886 -1.4

 New Orders.............................. 26,977 26,944 26,901 0.1 0.2 0.8 25,726 28,182 25,341 190,726 194,462 -1.9

 Fabricated metal products:

 Shipments................................ 35,819 35,732 35,327 0.2 1.1 0.2 34,449 37,940 34,449 247,532 248,665 -0.5

 New Orders.............................. 35,874 35,630 35,267 0.7 1.0 0.1 34,475 37,408 34,357 252,257 254,971 -1.1

 Machinery:

 Shipments................................ 37,864 37,734 37,696 0.3 0.1 0.3 35,756 41,375 34,828 263,454 254,246 3.6

 New Orders.............................. 37,747 37,318 37,537 1.1 -0.6 0.6 35,660 39,743 35,460 264,500 261,987 1.0

 Computers and electronic products4:

 Shipments................................ 29,343 29,233 29,245 0.4 0.0 0.5 27,513 31,365 27,164 197,071 192,312 2.5

 New Orders.............................. 24,439 24,464 24,165 -0.1 1.2 0.8 22,292 26,918 21,833 163,537 159,977 2.2

 Computers and related products:

 Shipments................................ 1,965 2,011 2,052 -2.3 -2.0 -0.2 1,885 2,463 1,729 13,404 11,165 20.1

 New Orders.............................. 1,977 2,022 2,017 -2.2 0.2 -1.7 1,897 2,474 1,739 13,418 11,164 20.2

 

 Communications equipment:

 Shipments................................ 3,033 3,016 2,985 0.6 1.0 -1.8 2,676 3,714 2,715 20,446 20,560 -0.6

 New Orders.............................. 2,989 2,953 2,856 1.2 3.4 -1.8 2,466 3,595 2,462 19,623 20,515 -4.3

 Electrical equipment, appliances, 

 and components: 

 Shipments................................ 14,055 14,039 14,048 0.1 -0.1 1.0 13,187 15,636 12,190 97,071 89,284 8.7

 New Orders.............................. 14,373 14,224 14,161 1.0 0.4 2.4 13,313 15,496 12,531 98,640 92,863 6.2

 Transportation equipment: 

 Shipments................................ 91,644 91,922 92,053 -0.3 -0.1 5.0 76,467 101,187 70,728 614,269 553,692 10.9

 New Orders.............................. 98,691 115,113 102,860 -14.3 11.9 4.2 83,845 125,103 77,417 669,418 593,662 12.8

 Motor vehicles and parts:

 Shipments................................ 63,044 62,542 62,808 0.8 -0.4 2.6 52,886 66,156 50,150 426,425 396,537 7.5

 New Orders.............................. 63,182 62,668 62,777 0.8 -0.2 2.5 52,766 65,510 49,792 425,964 395,743 7.6 

 Nondefense aircraft and parts:

 Shipments................................ 13,183 13,787 13,821 -4.4 -0.2 29.2 10,174 18,384 7,268 82,493 59,425 38.8

 New Orders.............................. 21,166 37,496 21,919 -43.6 71.1 33.4 20,994 41,928 15,728 132,060 100,084 31.9

 Defense aircraft and parts:

 Shipments................................ 4,786 4,829 4,779 -0.9 1.0 -2.9 4,226 5,300 3,920 32,147 30,268 6.2

 New Orders.............................. 4,751 5,334 5,231 -10.9 2.0 -32.2 3,427 6,278 3,030 36,218 30,881 17.3

 All other durable goods: 

 Shipments................................ 48,117 48,007 48,131 0.2 -0.3 1.0 47,597 51,905 47,489 333,053 330,933 0.6

 New Orders.............................. 47,830 47,763 47,966 0.1 -0.4 0.7 47,202 51,517 47,305 332,989 331,438 0.5

 Capital goods3

:

 Shipments................................ 95,691 96,801 96,516 -1.1 0.3 3.2 87,061 108,688 82,789 652,421 606,455 7.6

 New Orders.............................. 102,193 118,451 106,810 -13.7 10.9 2.6 93,688 130,360 89,953 708,814 654,988 8.2

 Nondefense capital goods:

 Shipments................................ 82,361 83,243 83,303 -1.1 -0.1 3.8 75,168 94,568 71,458 562,864 523,687 7.5

 New Orders.............................. 89,848 106,402 91,113 -15.6 16.8 6.6 85,143 116,215 80,422 614,010 576,026 6.6

 Excluding aircraft:

 Shipments........................... 73,806 73,981 74,051 -0.2 -0.1 0.3 69,134 81,080 67,664 510,806 489,850 4.3

 New Orders.......................... 73,629 73,585 73,873 0.1 -0.4 0.4 68,461 79,204 68,070 512,639 501,088 2.3

 Defense capital goods:

 Shipments................................ 13,330 13,558 13,213 -1.7 2.6 -0.9 11,893 14,120 11,331 89,557 82,768 8.2

 New Orders.............................. 12,345 12,049 15,697 2.5 -23.2 -15.8 8,545 14,145 9,531 94,804 78,962 20.1

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

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

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

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

2 Based on advance sample. Estimates of manufacturers' shipments, inventories, and orders are subject to survey error and revision. One major component of survey error is nonsampling error, which includes errors of coverage, response and 

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

3 The Capital Goods Industries include Nondefense : small arms and ordnance; farm machinery and equipment; construction machinery; mining, oil, and gas field machinery; industrial machinery; vending, laundry, and other machinery; photographic 

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

peripheral equipment; communications equipment; search and navigation equipment; electromedical, measuring, and control instruments; electrical equipment; other electrical equipment, appliances, and components; heavy duty trucks; aircraft; 

railroad rolling stock; ships and boats; office and institutional furniture; and medical equipment and supplies. Defense Capital Goods include : small arms and ordnance, communications equipment, aircraft; missiles, space vehicles, and parts, ships and 

boats, and search and navigation equipment. 

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

exclude semiconductor industry data. 

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

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, July Advance Report, August 24, 2023. Information on data sources and methodology can be found on our website at 

<www.census.gov/manufacturing/m3/how_the_data_are_collected/index.html>. 
Table 2. Durable Goods Manufacturers' Unfilled Orders and Total Inventories 1

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

Seasonally Adjusted Not Seasonally Adjusted 

Monthly Percent Change Monthly Percent

Item Change

Jul Jun May Jun - May - Apr - Jul Jun Jul 2023/

2023 2 2023 r 2023 Jul 2 Jun r May 2023 2 2023 2 2022 2022

DURABLE GOODS

 Total:

 Unfilled Orders4......................... 1,332,193 1,324,907 1,301,975 0.5 1.8 0.8 1,333,644 1,326,879 1,250,446 6.7

 Total Inventories....................... 522,239 522,392 522,669 0.0 -0.1 0.2 524,838 522,132 518,893 1.1

 Excluding transportation:

 Unfilled Orders4......................... 498,041 497,802 498,061 0.0 -0.1 -0.1 500,583 501,196 503,246 -0.5

 Total Inventories....................... 358,527 358,395 358,531 0.0 0.0 0.3 359,726 358,837 354,459 1.5

 Excluding defense:

 Unfilled Orders4........................... 1,089,506 1,081,678 1,057,959 0.7 2.2 0.7 1,091,406 1,081,577 1,022,948 6.7

 Total Inventories....................... 492,851 492,950 493,256 0.0 -0.1 0.2 495,434 492,594 490,356 1.0

 Manufacturing with unfilled orders:

 Unfilled Orders......................... 1,332,193 1,324,907 1,301,975 0.5 1.8 0.8 1,333,644 1,326,879 1,250,446 6.7

 Total Inventories....................... 422,239 422,524 422,572 -0.1 0.0 0.2 425,023 423,300 419,807 1.2

 Primary metals:

 Unfilled Orders......................... 38,027 37,816 37,717 0.6 0.3 0.0 38,301 38,151 39,591 -3.3

 Total Inventories....................... 46,548 46,642 46,831 -0.2 -0.4 0.4 46,858 46,945 48,521 -3.4

 Fabricated metal products:

 Unfilled Orders......................... 129,008 128,953 129,055 0.0 -0.1 0.0 131,149 131,123 132,771 -1.2

 Total Inventories....................... 64,818 64,899 64,797 -0.1 0.2 0.4 65,560 65,179 65,962 -0.6

 Machinery: 

 Unfilled Orders......................... 139,377 139,494 139,910 -0.1 -0.3 -0.1 139,403 139,499 139,402 0.0

 Total Inventories....................... 94,827 94,723 94,545 0.1 0.2 0.6 94,252 94,786 88,275 6.8

 Computers and electronic products4

:

 Unfilled Orders......................... 134,836 134,777 134,558 0.0 0.2 0.0 134,778 135,202 134,073 0.5

 Total Inventories....................... 54,934 54,860 54,987 0.1 -0.2 -0.1 55,383 54,641 55,180 0.4

 Computers and related products:

 Unfilled Orders......................... 1,297 1,285 1,274 0.9 0.9 -2.7 1,297 1,285 1,326 -2.2

 Total Inventories....................... 3,570 3,613 3,619 -1.2 -0.2 -2.2 3,606 3,661 3,824 -5.7 

 Communications equipment:

 Unfilled Orders......................... 17,125 17,169 17,232 -0.3 -0.4 -0.7 16,970 17,180 17,800 -4.7

 Total Inventories....................... 5,001 5,007 5,020 -0.1 -0.3 -0.4 5,024 4,980 5,015 0.2

 Electrical equipment, appliances, 

 and components: 

 Unfilled Orders......................... 44,027 43,709 43,524 0.7 0.4 0.3 43,984 43,858 43,056 2.2

 Total Inventories....................... 26,371 26,303 26,187 0.3 0.4 0.4 26,609 26,523 25,410 4.7

 Transportation equipment: 

 Unfilled Orders......................... 834,152 827,105 803,914 0.9 2.9 1.4 833,061 825,683 747,200 11.5

 Total Inventories....................... 163,712 163,997 164,138 -0.2 -0.1 0.0 165,112 163,295 164,434 0.4

 Motor vehicles and parts:

 Unfilled Orders......................... 35,365 35,227 35,101 0.4 0.4 -0.1 34,480 34,600 35,111 -1.8

 Total Inventories....................... 53,518 53,374 53,513 0.3 -0.3 0.2 54,194 52,669 53,962 0.4 

 Nondefense Aircraft and parts:

 Unfilled Orders......................... 579,937 571,954 548,245 1.4 4.3 1.5 580,282 569,462 507,221 14.4

 Total Inventories....................... 77,249 77,608 77,654 -0.5 -0.1 -0.1 77,804 77,659 78,668 -1.1

 Defense Aircraft and parts: 

 Unfilled Orders......................... 71,751 71,786 71,281 0.0 0.7 0.6 71,373 72,172 66,421 7.5

 Total Inventories....................... 14,126 14,184 14,176 -0.4 0.1 0.6 14,151 14,169 14,160 -0.1

 All other durable goods: 

 Unfilled Orders......................... 12,766 13,053 13,297 -2.2 -1.8 -1.2 12,968 13,363 14,353 -9.6

 Total Inventories....................... 71,029 70,968 71,184 0.1 -0.3 -0.2 71,064 70,763 71,111 -0.1

 Capital goods3:

 Unfilled Orders......................... 989,900 983,398 961,748 0.7 2.3 1.1 990,279 983,652 907,562 9.1

 Total Inventories....................... 249,190 249,587 249,746 -0.2 -0.1 0.1 250,183 250,255 243,733 2.6

 Nondefense capital goods:

 Unfilled Orders......................... 779,073 771,586 748,427 1.0 3.1 1.1 779,790 769,815 708,044 10.1

 Total Inventories....................... 225,032 225,367 225,547 -0.1 -0.1 0.1 226,034 225,924 220,321 2.6

 Excluding aircraft: 

 Unfilled Orders.................... 272,379 272,556 272,952 -0.1 -0.1 -0.1 272,513 273,186 273,916 -0.5

 Total Inventories................... 161,949 161,869 161,753 0.0 0.1 0.2 162,255 162,109 155,132 4.6

 Defense capital goods:

 Unfilled Orders......................... 210,827 211,812 213,321 -0.5 -0.7 1.2 210,489 213,837 199,518 5.5

 Total Inventories....................... 24,158 24,220 24,199 -0.3 0.1 0.3 24,149 24,331 23,412 3.1

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

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

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

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

2

 Based on advance sample. Estimates of manufacturers' shipments, inventories, and orders are subject to survey error and revision. One major component of survey error is nonsampling error, which includes 

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

limitations, see http://www.census.gov/manufacturing/m3. 

3

 The Capital Goods Industries include Nondefense : small arms and ordnance; farm machinery and equipment; construction machinery; mining, oil, and gas field machinery; industrial machinery; vending, laundry, 

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

machinery; electronic computers; computer storage devices; other computer peripheral equipment; communications equipment; search and navigation equipment; electromedical, measuring, and control 

instruments; electrical equipment; other electrical equipment, appliances, and components; heavy duty trucks; aircraft; railroad rolling stock; ships and boats; office and institutional furniture; and medical 

equipment and supplies. Defense Capital Goods include : small arms and ordnance, communications equipment, aircraft; missiles, space vehicles, and parts, ships and boats, and search and navigation equipment. 

4

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

changes for new orders and unfilled orders exclude semiconductor industry data. 

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

approval number: CBDRB-FY23-0265). 

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, July Advance Report, August 24, 2023. Information on data sources and methodology can be found on our website at 

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