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FOR RELEASE AT 10:00 AM EST, THURSDAY, MARCH 4, 2021

MONTHLY FULL REPORT ON MANUFACTURERS’ SHIPMENTS, INVENTORIES AND ORDERS 

JANUARY 2021

Release Number: CB 21-27 M3-2 (21)-01

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

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

COVID-19 FAQs>.

March 4, 2021 — The U.S. Census Bureau announces the January full report on manufacturers’ shipments, 

inventories and orders:

MANUFACTURED GOODS – NEW ORDERS

JANUARY 2021 $509.4 billion +2.6%°

DECEMBER 2020

(revised) $496.3 billion +1.6%°

Next release: April 5, 2021

Data adjusted for seasonal variation but not for price changes.

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

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

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

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories and Orders, March 4, 2021.

Summary

New orders for manufactured goods in January, up nine consecutive months, increased $13.1 billion or 2.6

percent to $509.4 billion, the U.S. Census Bureau reported today. This followed a 1.6 percent December

increase. Shipments, also up nine consecutive months, increased $9.6 billion or 1.9 percent to $513.3

billion. This followed a 2.1 percent December increase. Unfilled orders, up following seven consecutive 

monthly decreases, increased $1.2 billion or 0.1 percent to $1,072.8 billion. This followed a 0.2 percent 

December decrease. The unfilled orders-to-shipments ratio was 6.10, down from 6.25 in December. 

Inventories, up five of the last six months, increased $0.6 billion or 0.1 percent to $696.3 billion. This 

followed a 0.3 percent December increase. The inventories-to-shipments ratio was 1.36, down from 1.38

in December.

Feb-20 Mar-20 Apr-20 May-20 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21

% Change 0.2% -11.0% -13.5% 7.7% 6.4% 6.5% 0.6% 1.3% 1.3% 1.3% 1.6% 2.6%

-14.0%

-13.0%

-12.0%

-11.0%

-10.0%

-9.0%

-8.0%

-7.0%

-6.0%

-5.0%

-4.0%

-3.0%

-2.0%

-1.0%

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%

7.0%

8.0%

MANUFACTURERS' NEW ORDERS 2020-2021

Seasonally Adjusted, Month-To-Month Percentage Change

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders, March 4, 2021.
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New Orders

New orders for manufactured durable goods in January, up nine consecutive months, increased $8.4

billion or 3.4 percent to $256.7 billion, unchanged from the previously published increase. This followed a

1.2 percent December increase. Transportation equipment, up eight of the last nine months, led the 

increase, $6.1 billion or 7.7 percent to $85.1 billion. New orders for manufactured nondurable goods 

increased $4.7 billion or 1.9 percent to $252.7 billion.

Shipments

Shipments of manufactured durable goods in January, up eight of the last nine months, increased $4.9

billion or 1.9 percent to $260.6 billion, down from the previously published 2.0 percent increase. This 

followed a 2.1 percent December increase. Machinery, also up eight of the last nine months, led the 

increase, $1.0 billion or 3.0 percent to $33.0 billion. Shipments of manufactured nondurable goods, up

nine consecutive months, increased $4.7 billion or 1.9 percent to $252.7 billion. This followed a 2.0

percent December increase. Petroleum and coal products, up eight of the last nine months, led the 

increase, $3.3 billion or 7.3 percent to $48.0 billion.

Unfilled Orders

Unfilled orders for manufactured durable goods in January, up following seven consecutive monthly 

decreases, increased $1.2 billion or 0.1 percent to $1,072.8 billion, unchanged from the previously 

published increase. This followed a 0.2 percent December decrease. Fabricated metal products, up nine

consecutive months, led the increase, $0.9 billion or 1.2 percent to $78.6 billion.

Inventories

Inventories of manufactured durable goods in January, down two consecutive months, decreased $1.4

billion or 0.3 percent to $424.3 billion, unchanged from the previously published decrease. This followed a 

0.2 percent December decrease. Transportation equipment, also down two consecutive months, drove

the decrease, $2.3 billion or 1.5 percent to $145.7 billion. Inventories of manufactured nondurable goods, 

up five of the last six months, increased $2.0 billion or 0.7 percent to $272.0 billion. This followed a 1.1

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

increase, $2.0 billion or 6.1 percent to $35.3 billion. By stage of fabrication, January materials and supplies

increased 0.1 percent in durable goods and 1.4 percent in nondurable goods. Work in process decreased 

2.0 percent in durable goods and 0.1 percent in nondurable goods. Finished goods increased 1.5 percent 

in durable goods and 0.6 percent in nondurable goods.
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The Advance Report on durable goods for February is scheduled for release on March 24, 2021 at 8:30

a.m. EDT and the Full Report on April 5, 2021 at 10:00 a.m. EDT. View the full schedule in the Economic

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

found at <www.census.gov/m3>.

EXPLANATORY NOTES

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

exclude data for semiconductor manufacturing. 

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

decrease. 

Description of the survey 

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

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

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

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

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

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

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

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

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

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

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

approximately 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 
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sources. The use of company or divisional reports to estimate the monthly change for establishments is 

one source of nonsampling error. The use of primarily large companies to represent the month-to-month 

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

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

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

survey documentation can be found on our web site: 

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

Benchmark notice

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

issued on May 14, 2021. These revisions result from

• benchmarking the M3 shipments and inventories data to the 2019 and 2018 Annual Survey of 

Manufactures (ASM) data, as well as to revised ASM data from 2013 through 2016, resulting from 

benchmarking the ASM to the 2017 Economic Census; 

• incorporating the unfilled orders to shipments ratios obtained for 2019 and 2018 from the 

Manufacturers’ Unfilled Orders (M3UFO) Survey by applying these ratios to the respective ASM 

shipments data, as well as incorporating revised unfilled orders to shipments ratios for prior years;

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

data;

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

reported data;

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

review of the seasonal adjustment models. 

These revisions will span the seasonally adjusted data for January 2007 through March 2021 and the data 

not seasonally adjusted for January 2012 through March 2021. An updated Press Release will contain 

revised monthly tables for January 2021 through March 2021. 
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RESOURCES

API

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

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

before.

<www.census.gov/developers/>.

FRED Mobile App

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

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

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

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

###
Table 1. Value of Manufacturers' Shipments for Industry Groups1

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

Seasonally Adjusted Not Seasonally Adjusted 

Monthly Percent Change Monthly

Industry % Change

Jan. Dec. Nov. Dec. - Nov. - Oct. - Jan. Dec. Nov. Jan. 2021/

2021p 2020r 2020 Jan. Dec. Nov. 2021p 2020r 2020 2020 2021p 2020 2020

 All manufacturing industries.................. 513,268 503,716 493,448 1.9 2.1 0.8 469,705 501,087 476,975 465,975 469,705 465,975 0.8

 Excluding transportation................... 427,251 418,344 410,870 2.1 1.8 0.9 395,793 416,135 397,429 392,197 395,793 392,197 0.9

 Excluding defense.............................. 498,352 489,285 478,305 1.9 2.3 0.7 457,162 484,884 461,191 453,926 457,162 453,926 0.7

 With unfilled orders............................ 176,004 171,375 167,845 2.7 2.1 -0.3 156,620 173,825 160,467 156,080 156,620 156,080 0.3

 Durable goods industries......................... 260,593 255,701 250,388 1.9 2.1 0.4 231,384 255,435 240,126 223,471 231,384 223,471 3.5

 Wood products....................................... 11,076 10,471 10,289 5.8 1.8 0.8 9,436 9,253 9,511 7,987 9,436 7,987 18.1

 Nonmetallic mineral products.................... 12,486 12,230 12,028 2.1 1.7 0.9 10,652 10,785 11,447 10,229 10,652 10,229 4.1

 Primary metals....................................... 20,452 19,896 19,310 2.8 3.0 2.5 19,960 18,302 17,815 19,522 19,960 19,522 2.2

 Iron and steel mills............................ 10,842 10,352 9,908 4.7 4.5 2.9 10,620 9,452 9,059 10,182 10,620 10,182 4.3

 Aluminum and nonferrous metals.......... 8,418 8,362 8,203 0.7 1.9 2.4 8,235 7,792 7,694 8,000 8,235 8,000 2.9

 Ferrous metal foundries....................... 1,192 1,182 1,199 0.8 -1.4 -0.2 1,105 1,058 1,062 1,340 1,105 1,340 -17.5

 Fabricated metal products....................... 32,556 31,750 31,027 2.5 2.3 0.4 29,916 29,838 29,329 29,974 29,916 29,974 -0.2

 Machinery............................................. 33,032 32,063 31,591 3.0 1.5 0.2 29,236 33,154 29,121 28,669 29,236 28,669 2.0

 Farm machinery................................. 2,207 2,104 2,179 4.9 -3.4 -1.4 1,944 1,857 1,708 1,675 1,944 1,675 16.1

 Construction machinery..................... 2,990 2,719 2,755 10.0 -1.3 3.3 2,591 2,686 2,573 2,610 2,591 2,610 -0.7

 Mining, oil field, and 

 gas field machinery.......................... 1,109 1,059 1,091 4.7 -2.9 -0.7 1,035 1,234 1,085 1,383 1,035 1,383 -25.2

 Industrial machinery.......................... 3,491 3,344 3,204 4.4 4.4 1.4 2,907 3,956 2,918 2,746 2,907 2,746 5.9

 Photographic equipment...................... 618 597 568 3.5 5.1 1.4 509 680 530 460 509 460 10.7

 Ventilation, heating, air-conditioning,

 and refrigeration equipment............ 4,220 3,793 3,875 11.3 -2.1 -3.9 3,224 3,674 3,387 2,975 3,224 2,975 8.4

 Metalworking machinery..................... 2,563 2,467 2,504 3.9 -1.5 -0.2 2,289 2,830 2,436 2,323 2,289 2,323 -1.5

 Turbines, generators, and other

 power transmission equipment....... 4,051 4,324 3,929 -6.3 10.1 1.8 3,900 4,136 3,873 3,837 3,900 3,837 1.6

 Material handling equipment............... 2,819 2,838 2,796 -0.7 1.5 1.7 2,575 3,097 2,592 2,681 2,575 2,681 -4.0

 Computers and electronic products2.......... 31,213 30,893 30,652 1.0 0.8 -1.5 27,946 34,717 31,301 25,582 27,946 25,582 9.2

 Computers........................................ 599 569 583 5.3 -2.4 -0.5 510 655 604 488 510 488 4.5

 Computer storage devices..................... 613 509 502 20.4 1.4 -1.8 498 741 542 381 498 381 30.7

 Other peripheral equipment................ 909 807 839 12.6 -3.8 3.1 811 981 818 639 811 639 26.9

 Nondefense communications

 equipment.................................... 3,963 4,187 4,071 -5.3 2.8 -7.4 3,094 5,693 3,745 2,684 3,094 2,684 15.3

 Defense communications equipment.... 277 267 301 3.7 -11.3 8.7 220 282 316 203 220 203 8.4

 Audio and video equipment.................... 363 311 357 16.7 -12.9 -3.8 279 426 498 225 279 225 24.0

 Electronic components......................... 4,541 4,483 4,507 1.3 -0.5 0.7 4,057 4,630 4,291 3,754 4,057 3,754 8.1

 Nondefense search and navigation

 equipment...................................... 1,550 1,513 1,528 2.4 -1.0 -1.2 1,356 1,691 1,545 1,375 1,356 1,375 -1.4

 Defense search and navigation

 equipment..................................... 3,172 3,027 2,999 4.8 0.9 -2.2 2,623 3,338 3,300 2,459 2,623 2,459 6.7

 Electromedical, measuring,

 and control instruments................. 9,678 9,514 9,374 1.7 1.5 -0.5 8,363 11,133 9,250 7,576 8,363 7,576 10.4

 Electrical equipment, appliances, 

 and components................................... 11,664 10,971 10,801 6.3 1.6 -2.1 10,091 11,148 10,465 9,685 10,091 9,685 4.2

 Electric lighting equipment..................... 951 962 952 -1.1 1.1 0.3 863 971 950 929 863 929 -7.1

 Household appliances........................ 2,481 2,060 2,121 20.4 -2.9 -5.3 1,962 2,358 2,140 1,531 1,962 1,531 28.2

 Electrical equipment............................ 3,011 2,977 2,799 1.1 6.4 -3.2 2,541 2,941 2,593 2,912 2,541 2,912 -12.7

 Batteries........................................... 905 762 730 18.8 4.4 -5.2 723 829 798 635 723 635 13.9

 Transportation equipment........................ 86,017 85,372 82,578 0.8 3.4 0.6 73,912 84,952 79,546 73,778 73,912 73,778 0.2

 Automobiles..................................... 6,368 7,294 7,385 -12.7 -1.2 -2.6 5,690 6,772 7,166 7,846 5,690 7,846 -27.5

 Light trucks and utility vehicles.............. 23,983 24,092 22,758 -0.5 5.9 6.5 20,288 24,296 21,864 16,440 20,288 16,440 23.4

 Heavy duty trucks ............................. 2,683 2,631 2,671 2.0 -1.5 5.8 2,368 2,301 2,463 2,222 2,368 2,222 6.6

 Motor vehicle bodies, parts, 

 and trailers.................................... 29,875 29,547 29,321 1.1 0.8 1.1 27,236 26,428 27,589 27,722 27,236 27,722 -1.8

 Nondefense aircraft and parts................ 7,426 6,185 4,333 20.1 42.7 -30.9 4,958 8,261 4,314 6,155 4,958 6,155 -19.4

 Defense aircraft and parts.................. 4,276 3,608 4,225 18.5 -14.6 0.1 3,390 4,174 4,369 3,709 3,390 3,709 -8.6

 Ships and boats................................. 2,803 2,691 2,705 4.2 -0.5 1.7 2,302 2,697 2,854 2,504 2,302 2,504 -8.1

 Furniture and related products.................. 6,521 6,582 6,576 -0.9 0.1 -0.3 6,085 6,569 6,445 6,401 6,085 6,401 -4.9

 Miscellaneous durable goods................. 15,576 15,473 15,536 0.7 -0.4 2.5 14,150 16,717 15,146 11,644 14,150 11,644 21.5

 Nondurable goods industries..................... 252,675 248,015 243,060 1.9 2.0 1.2 238,321 245,652 236,849 242,504 238,321 242,504 -1.7

 Food products....................................... 68,848 68,412 68,254 0.6 0.2 0.1 65,820 68,475 69,521 64,871 65,820 64,871 1.5

 Grain and oilseed milling....................... 7,499 7,365 7,212 1.8 2.1 1.0 7,221 7,454 7,355 6,612 7,221 6,612 9.2

 Dairy products.................................. 10,394 10,398 10,492 0.0 -0.9 -1.2 10,103 10,573 10,845 10,342 10,103 10,342 -2.3

 Meat, poultry, and seafood products... 18,459 18,268 18,107 1.0 0.9 0.4 17,365 17,721 18,108 18,223 17,365 18,223 -4.7

 Beverage and tobacco products................ 13,404 13,759 12,955 -2.6 6.2 -3.5 12,159 13,505 12,809 12,130 12,159 12,130 0.2

 Beverages......................................... 9,788 9,626 9,471 1.7 1.6 0.1 8,543 9,372 9,325 8,320 8,543 8,320 2.7

 Tobacco............................................ 3,616 4,133 3,484 -12.5 18.6 -12.0 3,616 4,133 3,484 3,810 3,616 3,810 -5.1

 Textile mills........................................... 2,322 2,269 2,244 2.3 1.1 1.9 2,142 1,992 2,127 2,113 2,142 2,113 1.4

 Textile products................................... 1,943 1,919 1,861 1.3 3.1 1.6 1,764 1,755 1,814 1,709 1,764 1,709 3.2

 Apparel................................................ 917 949 874 -3.4 8.6 0.3 851 941 990 865 851 865 -1.6

 Leather and allied products...................... 416 410 439 1.5 -6.6 0.9 411 422 415 371 411 371 10.8

 Paper products...................................... 17,216 16,895 16,792 1.9 0.6 0.6 16,682 16,624 16,138 16,209 16,682 16,209 2.9

 Pulp, paper, and paperboard mills....... 6,610 6,559 6,598 0.8 -0.6 0.5 6,511 6,536 6,379 6,639 6,511 6,639 -1.9

 Paperboard containers........................ 6,202 6,121 5,993 1.3 2.1 0.4 6,019 5,818 5,725 5,855 6,019 5,855 2.8

 Printing................................................. 7,026 7,086 6,955 -0.8 1.9 -1.9 6,612 7,161 7,028 7,250 6,612 7,250 -8.8

 Petroleum and coal products.................. 48,014 44,733 41,844 7.3 6.9 5.0 45,411 43,362 39,545 52,201 45,411 52,201 -13.0

 Petroleum refineries.......................... 43,472 40,392 37,535 7.6 7.6 5.4 41,755 39,672 35,562 48,443 41,755 48,443 -13.8

 Chemical products..................................... 71,948 71,323 70,601 0.9 1.0 1.5 67,426 72,555 67,575 65,480 67,426 65,480 3.0

 Pesticides, fertilizers, and other

 agricultural chemicals....................... 3,159 3,133 3,011 0.8 4.1 2.7 2,712 3,195 2,493 2,484 2,712 2,484 9.2

 Pharmaceuticals and medicines............. 25,802 26,084 26,059 -1.1 0.1 2.1 23,999 27,475 25,517 22,309 23,999 22,309 7.6

 Paints, coatings, and adhesives.......... 5,002 4,924 4,912 1.6 0.2 3.8 4,357 4,200 4,256 4,057 4,357 4,057 7.4

 Plastics and rubber products.................. 20,621 20,260 20,241 1.8 0.1 1.0 19,043 18,860 18,887 19,305 19,043 19,305 -1.4

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, January Full Report, March 4, 2021. Information on data sources and methodology can be found on our website at 

<www.census.gov/manufacturing/m3/how_the_data_are_collected/index.html>. 
Table 2. Value of Manufacturers' New Orders for Industry Groups1

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

Seasonally Adjusted Not Seasonally Adjusted 

Monthly Percent Change Monthly

Industry % Change

Jan. Dec. Nov. Dec. - Nov. - Oct. - Jan. Dec. Nov. Jan. 2021/

2021p 2020r 2020 Jan. Dec. Nov. 2021p 2020r 2020 2020 2021p 2020 2020

All manufacturing industries2........................ 509,373 496,322 488,307 2.6 1.6 1.3 469,594 501,257 469,979 463,676 469,594 463,676 1.3

 Excluding transportation2...................... 424,257 417,322 409,418 1.7 1.9 1.1 397,074 415,646 394,109 391,221 397,074 391,221 1.5

 Excluding defense2

.............................. 493,129 483,008 474,651 2.1 1.8 1.3 456,703 482,722 455,679 454,116 456,703 454,116 0.6

 With unfilled orders2............................. 177,178 169,204 167,824 4.7 0.8 0.9 162,165 178,661 159,367 159,154 162,165 159,154 1.9

 Durable goods industries2......................... 256,698 248,307 245,247 3.4 1.2 1.3 231,273 255,605 233,130 221,172 231,273 221,172 4.6

 Primary metals........................................ 20,858 20,200 19,880 3.3 1.6 1.3 20,874 19,400 18,825 19,941 20,874 19,941 4.7

 Iron and steel mills.............................. 10,934 10,373 10,153 5.4 2.2 -0.7 10,816 10,039 9,553 10,294 10,816 10,294 5.1

 Aluminum and nonferrous metals.......... 8,623 8,612 8,413 0.1 2.4 3.9 8,658 8,232 8,051 8,169 8,658 8,169 6.0

 Ferrous metal foundries....................... 1,301 1,215 1,314 7.1 -7.5 2.0 1,400 1,129 1,221 1,478 1,400 1,478 -5.3

 Fabricated metal products........................ 33,503 32,910 31,995 1.8 2.9 -0.1 32,023 30,562 29,836 30,977 32,023 30,977 3.4

 Machinery............................................. 33,414 33,600 32,505 -0.6 3.4 2.0 31,815 34,177 29,743 30,484 31,815 30,484 4.4

 Construction machinery........................ 3,241 3,051 2,970 6.2 2.7 8.5 3,279 3,138 2,813 3,009 3,279 3,009 9.0

 Mining, oil field, and

 gas field machinery.......................... 1,035 1,267 1,116 -18.3 13.5 2.5 961 1,442 1,110 1,302 961 1,302 -26.2

 Industrial machinery............................ 3,353 3,303 3,164 1.5 4.4 2.8 3,267 3,708 2,827 3,304 3,267 3,304 -1.1

 Photographic equipment....................... 615 581 555 5.9 4.7 4.7 519 675 509 459 519 459 13.1

 Ventilation, heating, air-conditioning,

 and refrigeration equipment............... 4,160 3,893 3,958 6.9 -1.6 -0.4 3,397 3,733 3,374 3,220 3,397 3,220 5.5

 Metalworking machinery....................... 2,590 2,822 2,580 -8.2 9.4 2.1 2,535 3,115 2,441 2,396 2,535 2,396 5.8

 Turbines, generators, and other 

 power transmission equipment........... 4,013 4,157 3,819 -3.5 8.9 0.2 3,862 3,969 3,763 3,725 3,862 3,725 3.7

 Material handling equipment.................. 2,823 2,889 2,965 -2.3 -2.6 1.6 2,569 3,446 2,647 2,782 2,569 2,782 -7.7

 Computers and electronic products2........... 26,139 26,282 26,246 -0.5 0.1 -0.1 22,678 31,421 25,473 20,739 22,678 20,739 9.3

 Computers........................................ 586 623 629 -5.9 -1.0 7.3 497 709 650 485 497 485 2.5

 Nondefense communications

 equipment...................................... 3,994 4,353 4,353 -8.2 0.0 -3.0 3,214 5,841 3,974 2,786 3,214 2,786 15.4

 Defense communications equipment....... 246 353 351 -30.3 0.6 42.1 209 353 359 214 209 214 -2.3

 Electronic components......................... 4,485 4,619 4,623 -2.9 -0.1 1.3 4,271 4,985 4,331 4,043 4,271 4,043 5.6

 Nondefense search and navigation

 equipment...................................... 1,649 1,694 1,705 -2.7 -0.6 2.6 1,532 1,686 1,678 1,521 1,532 1,521 0.7

 Defense search and navigation

 equipment...................................... 3,153 2,991 3,006 5.4 -0.5 -1.1 2,428 3,885 2,879 2,256 2,428 2,256 7.6

 Electromedical, measuring,

 and control instruments..................... 9,662 9,539 9,410 1.3 1.4 -1.1 8,460 11,333 9,248 7,764 8,460 7,764 9.0

 Electrical equipment, appliances, 

 and components................................... 11,943 11,483 11,241 4.0 2.2 1.8 10,843 11,540 10,751 10,218 10,843 10,218 6.1

 Electric lighting equipment..................... 936 1,017 966 -8.0 5.3 2.9 883 981 950 919 883 919 -3.9

 Household appliances.......................... 2,523 2,218 2,295 13.8 -3.4 1.5 2,020 2,571 2,218 1,617 2,020 1,617 24.9

 Electrical equipment............................ 3,040 2,980 2,813 2.0 5.9 -2.6 2,747 2,911 2,631 3,135 2,747 3,135 -12.4

 Transportation equipment........................ 85,116 79,000 78,889 7.7 0.1 2.0 72,520 85,611 75,870 72,455 72,520 72,455 0.1

 Motor vehicle bodies, parts, 

 and trailers..................................... 30,140 29,652 29,505 1.6 0.5 1.3 27,916 27,351 28,169 28,116 27,916 28,116 -0.7

 Nondefense aircraft and parts3................ 5,036 1,028 2,372 389.9 -56.7 0.7 2,504 6,381 1,500 6,209 2,504 6,209 -59.7

 Defense aircraft and parts.................... 4,796 2,941 2,971 63.1 -1.0 5.2 4,097 4,997 3,758 2,854 4,097 2,854 43.6

 Ships and boats.................................. 4,882 3,209 2,370 52.1 35.4 -12.8 4,673 2,345 3,204 2,092 4,673 2,092 123.4

 Furniture and related products................... 6,586 6,664 6,653 -1.2 0.2 0.2 6,281 6,145 6,543 6,484 6,281 6,484 -3.1

 Nondurable goods industries..................... 252,675 248,015 243,060 1.9 2.0 1.2 238,321 245,652 236,849 242,504 238,321 242,504 -1.7

Year to date

p

 Preliminary 

r

 Revised data due to late receipts and concurrent seasonal adjustment. 

1

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

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

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

2

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

3

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

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

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

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, January Full Report, March 4, 2021. Information on data sources and methodology can be found on our website at 

<www.census.gov/manufacturing/m3/how_the_data_are_collected/index.html>. 
Table 3. Value of Manufacturers' Unfilled Orders for Industry Groups1

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

Seasonally Adjusted Not Seasonally Adjusted

Monthly Percent Change Monthly % Change

Industry January

Jan. Dec. Nov. Dec. - Nov. - Oct. - Jan. Dec. Nov. Jan. 2021/

2021p 2020r 2020 Jan. Dec. Nov. 2021p 2020r 2020 2020 2020

All manufacturing industries2

...................... 1,072,798 1,071,624 1,073,795 0.1 -0.2 0.0 1,073,973 1,068,428 1,063,592 1,145,216 -6.2

 Excluding transportation2...................... 366,945 364,870 360,669 0.6 1.2 1.0 367,049 360,112 355,935 349,522 5.0

 Excluding defense2............................. 856,161 856,315 857,369 0.0 -0.1 0.2 857,845 852,648 850,144 930,857 -7.8

 Durable goods industries2........................ 1,072,798 1,071,624 1,073,795 0.1 -0.2 0.0 1,073,973 1,068,428 1,063,592 1,145,216 -6.2

 Primary metals........................................ 33,888 33,482 33,178 1.2 0.9 1.7 34,520 33,606 32,508 31,878 8.3

 Iron and steel mills............................... 14,647 14,555 14,534 0.6 0.1 1.7 14,816 14,620 14,033 13,779 7.5

 Aluminum and nonferrous metals............. 13,393 13,188 12,938 1.6 1.9 1.6 13,704 13,281 12,841 12,703 7.9

 Ferrous metal foundries........................ 5,848 5,739 5,706 1.9 0.6 2.1 6,000 5,705 5,634 5,396 11.2

 Fabricated metal products......................... 78,604 77,657 76,497 1.2 1.5 1.3 78,034 75,927 75,203 73,453 6.2

 Machinery.............................................. 101,605 101,223 99,686 0.4 1.5 0.9 102,025 99,446 98,423 96,543 5.7

 Construction machinery......................... 6,327 6,076 5,744 4.1 5.8 3.9 6,651 5,963 5,511 5,776 15.1

 Mining, oil field, and

 gas field machinery.......................... 4,009 4,083 3,875 -1.8 5.4 0.6 4,009 4,083 3,875 3,941 1.7

 Industrial machinery............................. 8,244 8,382 8,423 -1.6 -0.5 -0.5 8,412 8,052 8,300 9,049 -7.0

 Photographic equipment........................ 831 834 850 -0.4 -1.9 -1.5 867 857 862 1,069 -18.9

 Ventilation, heating, air-conditioning,

 and refrigeration equipment................ 7,416 7,476 7,376 -0.8 1.4 1.1 7,347 7,174 7,115 6,741 9.0

 Metalworking machinery........................ 8,957 8,930 8,575 0.3 4.1 0.9 8,944 8,698 8,413 7,687 16.4

 Turbines, generators, and other 

 power transmission equipment............ 23,048 23,086 23,253 -0.2 -0.7 -0.5 23,048 23,086 23,253 23,494 -1.9

 Material handling equipment................... 11,567 11,563 11,512 0.0 0.4 1.5 11,598 11,604 11,255 11,137 4.1

 Computers and electronic products2............. 120,364 120,369 119,757 0.0 0.5 0.6 120,384 119,996 118,626 118,272 1.8

 Computers......................................... 1,943 1,956 1,902 -0.7 2.8 2.5 1,943 1,956 1,902 2,005 -3.1

 Nondefense communications

 equipment...................................... 25,549 25,518 25,352 0.1 0.7 1.1 25,493 25,373 25,225 24,734 3.1

 Defense communications equipment........ 728 759 673 -4.1 12.8 8.0 724 735 664 968 -25.2

 Electronic components.......................... 14,732 14,788 14,652 -0.4 0.9 0.8 15,028 14,814 14,459 14,954 0.5

 Nondefense search and navigation

 equipment....................................... 22,855 22,756 22,575 0.4 0.8 0.8 22,833 22,657 22,662 21,494 6.2

 Defense search and navigation

 equipment....................................... 30,538 30,557 30,593 -0.1 -0.1 0.0 30,339 30,534 29,987 30,518 -0.6

 Electromedical, measuring,

 and control instruments...................... 24,019 24,035 24,010 -0.1 0.1 0.2 24,024 23,927 23,727 23,599 1.8

 Electrical equipment, appliances, 

 and components.................................... 23,598 23,319 22,807 1.2 2.2 2.0 23,584 22,832 22,440 21,316 10.6

 Electric lighting equipment..................... 1,700 1,715 1,660 -0.9 3.3 0.9 1,693 1,673 1,663 1,737 -2.5

 Household appliances........................... 2,600 2,558 2,400 1.6 6.6 7.8 2,674 2,616 2,403 1,642 62.9

 Electrical equipment............................. 8,692 8,663 8,660 0.3 0.0 0.2 8,701 8,495 8,525 8,640 0.7

 Transportation equipment......................... 705,853 706,754 713,126 -0.1 -0.9 -0.5 706,924 708,316 707,657 795,694 -11.2

 Motor vehicle bodies, parts, 

 and trailers...................................... 21,871 21,606 21,501 1.2 0.5 0.9 22,509 21,829 20,906 21,142 6.5

 Nondefense aircraft and parts................ 467,847 470,237 475,394 -0.5 -1.1 -0.4 468,547 471,001 472,881 560,028 -16.3

 Defense aircraft and parts..................... 79,072 78,552 79,219 0.7 -0.8 -1.6 79,906 79,199 78,376 84,182 -5.1

 Ships and boats.................................. 52,203 50,124 49,606 4.1 1.0 -0.7 50,673 48,302 48,654 44,737 13.3

 Furniture and related products................... 8,407 8,342 8,260 0.8 1.0 0.9 8,023 7,827 8,251 7,479 7.3

p

 Preliminary 

r

 Revised data due to late receipts and concurrent seasonal adjustment. 

1

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

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

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

2

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

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

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

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

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, January Full Report, March 4, 2021. Information on data sources and methodology can be found on our website at 

<www.census.gov/manufacturing/m3/how_the_data_are_collected/index.html>.
Table 4. Value of Manufacturers' Inventories for Industry Groups1

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

Seasonally Adjusted Not Seasonally Adjusted

Monthly Percent Change Monthly % Change

Industry January

Jan. Dec. Nov. Dec. - Nov. - Oct. - Jan. Dec. Nov. Jan. 2021/

2021p 2020r 2020 Jan. Dec. Nov. 2021p 2020r 2020 2020 2020

 All manufacturing industries...................... 696,267 695,668 693,627 0.1 0.3 0.8 695,195 679,415 692,530 696,757 -0.2

 Excluding transportation........................ 550,581 547,711 542,910 0.5 0.9 0.6 550,014 535,834 541,382 555,581 -1.0

 Excluding defense............................. 670,849 670,420 668,384 0.1 0.3 0.9 669,917 654,377 667,298 671,732 -0.3

 With unfilled orders............................. 345,656 347,634 347,773 -0.6 0.0 0.8 344,107 338,457 347,296 342,936 0.3

 Durable goods industries........................ 424,288 425,699 426,531 -0.3 -0.2 0.9 423,170 414,800 426,159 421,882 0.3

 Wood products........................................ 12,356 12,295 12,203 0.5 0.8 0.8 12,796 12,433 12,261 12,214 4.8

 Nonmetallic mineral products..................... 13,901 13,975 13,993 -0.5 -0.1 0.2 13,916 13,710 13,603 14,481 -3.9

 Primary metals......................................... 34,447 34,343 33,823 0.3 1.5 0.5 34,705 34,174 33,545 35,498 -2.2

 Iron and steel mills............................... 18,429 18,492 18,375 -0.3 0.6 0.3 18,652 18,523 18,210 19,760 -5.6

 Aluminum and nonferrous metals............ 13,982 13,804 13,416 1.3 2.9 1.0 14,000 13,656 13,327 13,515 3.6

 Ferrous metal foundries........................ 2,036 2,047 2,032 -0.5 0.7 -1.3 2,053 1,995 2,008 2,223 -7.6

 Fabricated metal products......................... 52,600 52,068 51,618 1.0 0.9 0.7 52,553 51,017 50,947 53,454 -1.7

 Machinery.............................................. 69,919 69,922 69,385 0.0 0.8 0.7 68,986 67,704 69,882 70,343 -1.9

 Farm machinery.................................. 3,974 3,856 3,864 3.1 -0.2 3.8 4,039 3,928 3,990 3,794 6.5

 Construction machinery......................... 6,049 6,008 5,974 0.7 0.6 0.5 5,958 5,805 5,972 6,011 -0.9

 Mining, oil field, 

 and gas field machinery.................... 4,526 4,590 4,661 -1.4 -1.5 0.4 4,542 4,474 4,715 5,209 -12.8

 Industrial machinery............................. 10,051 10,033 10,004 0.2 0.3 1.4 9,612 9,897 10,060 9,049 6.2

 Photographic equipment....................... 1,421 1,420 1,442 0.1 -1.5 1.1 1,428 1,370 1,467 1,472 -3.0

 Ventilation, heating, air-conditioning,

 and refrigeration equipment............... 5,323 5,447 5,146 -2.3 5.8 0.7 5,163 4,902 4,978 5,557 -7.1

 Metalworking machinery........................ 5,776 5,715 5,687 1.1 0.5 -0.3 5,677 5,605 5,765 5,977 -5.0

 Turbines, generators, and other

 power transmission equipment............ 9,119 9,177 9,087 -0.6 1.0 0.5 8,966 8,609 9,194 9,424 -4.9

 Material handling equipment.................. 4,758 4,740 4,749 0.4 -0.2 0.7 4,613 4,418 4,864 4,949 -6.8

 Computers and electronic products2

............ 43,648 43,628 43,520 0.0 0.2 -0.1 43,319 42,133 43,737 43,775 -1.0

 Computers......................................... 1,883 1,873 1,867 0.5 0.3 0.4 1,814 1,756 1,878 1,687 7.5

 Computer storage devices.................... 1,044 1,014 1,039 3.0 -2.4 8.2 1,039 1,015 1,084 961 8.1

 Other peripheral equipment................... 1,052 1,077 1,006 -2.3 7.1 -3.8 1,045 1,014 1,036 1,093 -4.4

 Nondefense communications

 equipment...................................... 4,561 4,568 4,568 -0.2 0.0 -0.9 4,453 4,239 4,683 4,360 2.1

 Defense communications equipment........ 677 667 678 1.5 -1.6 -0.6 677 667 678 658 2.9

 Audio and video equipment.................... 459 464 398 -1.1 16.6 -12.5 452 445 406 610 -25.9

 Electronic components.......................... 7,391 7,371 7,341 0.3 0.4 0.0 7,549 7,150 7,164 8,202 -8.0

 Nondefense search and navigation

 equipment...................................... 2,912 2,924 2,932 -0.4 -0.3 0.2 2,920 2,859 2,923 2,908 0.4

 Defense search and navigation

 equipment....................................... 2,713 2,700 2,708 0.5 -0.3 0.5 2,704 2,595 2,672 2,682 0.8

 Electromedical, measuring 

 and control instruments...................... 15,479 15,456 15,399 0.1 0.4 0.1 15,228 15,004 15,514 14,913 2.1

 Electrical equipment, appliances, 

 and components.................................... 19,929 19,884 19,776 0.2 0.5 0.8 19,895 19,008 19,417 19,801 0.5

 Electric lighting equipment..................... 1,981 1,991 2,001 -0.5 -0.5 -0.2 1,998 1,924 1,975 2,092 -4.5

 Household appliances........................... 2,502 2,577 2,501 -2.9 3.0 3.5 2,508 2,337 2,429 2,575 -2.6

 Electrical equipment............................. 6,288 6,248 6,259 0.6 -0.2 0.4 6,349 6,060 6,233 6,458 -1.7

 Batteries............................................ 1,855 1,866 1,831 -0.6 1.9 -1.6 1,719 1,678 1,663 1,697 1.3

 Transportation equipment......................... 145,686 147,957 150,717 -1.5 -1.8 1.7 145,181 143,581 151,148 141,176 2.8

 Automobiles....................................... 5,701 5,773 5,647 -1.2 2.2 2.4 5,733 5,395 5,643 5,780 -0.8

 Light trucks and utility vehicles.............. 5,194 4,758 5,743 9.2 -17.2 12.8 5,145 4,275 5,913 5,399 -4.7

 Heavy duty trucks ............................... 2,056 2,045 2,029 0.5 0.8 1.4 2,120 1,919 1,962 1,993 6.4

 Motor vehicle bodies, parts, 

 and trailers...................................... 27,493 27,115 26,826 1.4 1.1 1.0 27,716 26,587 26,739 27,065 2.4

 Nondefense aircraft and parts................ 75,396 78,552 80,826 -4.0 -2.8 1.9 74,796 76,101 81,217 72,414 3.3

 Defense aircraft and parts..................... 12,542 12,384 12,355 1.3 0.2 -0.7 12,516 12,286 12,390 12,144 3.1

 Ships and boats.................................. 4,235 4,269 4,158 -0.8 2.7 -2.3 4,140 4,228 4,150 3,979 4.0

 Furniture and related products.................... 7,271 7,255 7,204 0.2 0.7 1.0 7,342 7,111 7,194 7,439 -1.3

 Miscellaneous durable goods..................... 24,531 24,372 24,292 0.7 0.3 0.3 24,477 23,929 24,425 23,701 3.3

 Nondurable goods industries...................... 271,979 269,969 267,096 0.7 1.1 0.7 272,025 264,615 266,371 274,875 -1.0

 Food products........................................ 55,939 55,782 55,264 0.3 0.9 0.7 55,871 55,582 56,737 55,261 1.1

 Grain and oilseed milling........................ 5,871 5,734 5,515 2.4 4.0 2.8 6,156 5,818 5,688 5,578 10.4

 Dairy products.................................... 8,703 8,737 8,743 -0.4 -0.1 1.3 8,519 8,380 8,415 8,330 2.3

 Meat, poultry, and seafood products....... 9,480 9,410 9,362 0.7 0.5 -0.3 9,418 9,240 9,474 9,888 -4.8

 Beverage and tobacco products................ 24,935 25,330 25,484 -1.6 -0.6 0.9 25,123 25,465 25,740 26,030 -3.5

 Beverages......................................... 21,254 21,604 21,761 -1.6 -0.7 1.1 21,247 21,568 21,860 21,802 -2.5

 Tobacco............................................ 3,681 3,726 3,723 -1.2 0.1 0.1 3,876 3,897 3,880 4,228 -8.3

 Textile mills............................................ 3,072 3,090 3,043 -0.6 1.5 0.5 3,070 3,049 3,016 3,219 -4.6

 Textile products...................................... 3,674 3,703 3,708 -0.8 -0.1 0.3 3,706 3,649 3,686 3,899 -4.9

 Apparel................................................. 1,768 1,767 1,780 0.1 -0.7 -0.6 1,748 1,622 1,748 1,810 -3.4

 Leather and allied products....................... 807 800 800 0.9 0.0 -0.6 814 795 800 863 -5.7

 Paper products....................................... 15,107 15,068 15,018 0.3 0.3 -0.1 15,223 14,952 14,832 15,367 -0.9

 Pulp, paper, and paperboard mills........... 5,386 5,387 5,415 0.0 -0.5 -0.8 5,407 5,374 5,334 5,786 -6.6

 Paperboard containers......................... 5,533 5,506 5,456 0.5 0.9 0.6 5,611 5,490 5,377 5,467 2.6

 Printing.................................................. 5,552 5,530 5,589 0.4 -1.1 -0.8 5,472 5,410 5,614 5,571 -1.8

 Petroleum and coal products..................... 35,274 33,249 31,576 6.1 5.3 3.9 34,871 31,563 30,608 38,859 -10.3

 Petroleum refineries............................. 29,889 27,921 26,321 7.0 6.1 4.6 29,452 26,337 25,510 33,055 -10.9

 Chemical products..................................... 99,182 99,061 98,341 0.1 0.7 0.0 99,398 96,605 97,418 96,887 2.6

 Pesticides, fertilizers, and other

 agricultural chemicals........................ 5,410 5,442 5,537 -0.6 -1.7 -2.3 5,773 5,514 5,475 5,789 -0.3

 Pharmaceuticals and medicines.............. 47,471 47,367 46,818 0.2 1.2 -0.1 47,146 45,704 46,439 44,431 6.1

 Paints, coatings, and adhesives.............. 3,891 3,917 3,886 -0.7 0.8 0.6 3,922 3,777 3,758 4,046 -3.1

 Plastics and rubber products..................... 26,669 26,589 26,493 0.3 0.4 0.6 26,729 25,923 26,172 27,109 -1.4

p Preliminary 

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

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

Estimates are not adjusted for price changes. 

2

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

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

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

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, January Full Report, March 4, 2021. Information on data sources and methodology can be found on our website at 

<www.census.gov/manufacturing/m3/how_the_data_are_collected/index.html>. 
Table 5. Value of Manufacturers' Shipments, New Orders, Unfilled Orders, and Total Inventories for 

 Topical Series1, 2

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

Seasonally Adjusted Not Seasonally Adjusted

Monthly Percent Change Monthly Year to date

Industry % Change6

Jan. Dec. Nov. Dec. - Nov. - Oct. - Jan. Dec. Nov. Jan. 2021/

2021p 2020r 2020 Jan. Dec. Nov. 2021p 2020r 2020 2020 2021p 2020 2020

SHIPMENTS

 All manufacturing industries......................... 513,268 503,716 493,448 1.9 2.1 0.8 469,705 501,087 476,975 465,975 469,705 465,975 0.8

 Construction materials and supplies....... 56,646 54,728 53,785 3.5 1.8 0.7 48,904 49,036 50,009 46,869 48,904 46,869 4.3

 Information technology......................... 26,537 25,994 25,792 2.1 0.8 -1.5 22,744 30,150 25,628 20,593 22,744 20,593 10.4

 Computers and related products........... 2,121 1,885 1,924 12.5 -2.0 0.7 1,819 2,377 1,964 1,508 1,819 1,508 20.6

 Motor vehicle and parts......................... 62,909 63,564 62,135 -1.0 2.3 2.7 55,582 59,797 59,082 54,230 55,582 54,230 2.5

 Capital goods...................................... 90,147 87,397 85,242 3.1 2.5 -0.8 77,723 96,729 82,727 72,537 77,723 72,537 7.1

 Nondefense capital goods3.................. 76,936 74,549 71,825 3.2 3.8 -2.1 66,584 82,426 68,606 62,099 66,584 62,099 7.2

 Excluding aircraft............................. 71,903 70,606 69,856 1.8 1.1 0.4 63,837 76,639 66,632 59,425 63,837 59,425 7.4

 Defense capital goods4........................ 13,211 12,848 13,417 2.8 -4.2 6.9 11,139 14,303 14,121 10,438 11,139 10,438 6.7

 Consumer goods.................................. 212,299 209,692 204,539 1.2 2.5 1.6 197,928 210,110 201,321 199,618 197,928 199,618 -0.8

 Consumer durable goods..................... 44,511 45,128 43,913 -1.4 2.8 2.5 38,575 45,163 42,569 36,423 38,575 36,423 5.9

 Consumer nondurable goods................ 167,788 164,564 160,626 2.0 2.5 1.4 159,353 164,947 158,752 163,195 159,353 163,195 -2.4

 All manufacturing industries5...................... 509,373 496,322 488,307 2.6 1.6 1.3 469,594 501,257 469,979 463,676 469,594 463,676 1.3

 Construction materials and supplies....... 57,300 55,708 54,555 2.9 2.1 1.1 50,556 49,731 50,318 47,627 50,556 47,627 6.1

 Information technology......................... 26,808 26,750 26,615 0.2 0.5 0.7 23,396 31,359 25,805 21,067 23,396 21,067 11.1

 Computers and related products........... 2,108 1,939 1,970 8.7 -1.6 3.1 1,806 2,431 2,010 1,505 1,806 1,505 20.0

 Motor vehicle and parts......................... 63,174 63,669 62,319 -0.8 2.2 2.8 56,262 60,720 59,662 54,624 56,262 54,624 3.0

 Capital goods...................................... 90,327 83,327 84,281 8.4 -1.1 0.7 79,488 96,151 80,334 71,211 79,488 71,211 11.6

 Nondefense capital goods3.................. 75,539 71,022 71,862 6.4 -1.2 1.1 67,317 79,617 67,458 63,057 67,317 63,057 6.8

 Excluding aircraft............................. 72,875 72,603 71,504 0.4 1.5 1.2 67,561 77,658 67,726 62,365 67,561 62,365 8.3

 Defense capital goods4........................ 14,788 12,305 12,419 20.2 -0.9 -1.4 12,171 16,534 12,876 8,154 12,171 8,154 49.3

 Consumer goods.................................. 212,401 209,929 204,710 1.2 2.5 1.7 198,174 210,136 201,526 199,781 198,174 199,781 -0.8

 Consumer durable goods..................... 44,613 45,365 44,084 -1.7 2.9 2.8 38,821 45,189 42,774 36,586 38,821 36,586 6.1

 Consumer nondurable goods.............. 167,788 164,564 160,626 2.0 2.5 1.4 159,353 164,947 158,752 163,195 159,353 163,195 -2.4

 All manufacturing industries5...................... 1,072,798 1,071,624 1,073,795 0.1 -0.2 0.0 1,073,973 1,068,428 1,063,592 1,145,216 (X) (X) -6.2

 Construction materials and supplies....... 54,499 53,845 52,865 1.2 1.9 1.5 54,043 52,391 51,696 51,875 (X) (X) 4.2

 Information technology......................... 117,069 116,798 116,042 0.2 0.7 0.7 116,739 116,087 114,878 113,684 (X) (X) 2.7

 Computers and related products........... 1,943 1,956 1,902 -0.7 2.8 2.5 1,943 1,956 1,902 2,005 (X) (X) -3.1

 Motor vehicle and parts......................... 21,871 21,606 21,501 1.2 0.5 0.9 22,509 21,829 20,906 21,142 (X) (X) 6.5

 Capital goods...................................... 766,470 766,290 770,360 0.0 -0.5 -0.1 765,396 763,631 764,209 836,947 (X) (X) -8.5

 Nondefense capital goods3.................. 586,893 588,290 591,817 -0.2 -0.6 0.0 586,418 585,685 588,494 665,622 (X) (X) -11.9

 Excluding aircraft............................. 225,739 224,767 222,770 0.4 0.9 0.7 225,530 221,806 220,787 215,074 (X) (X) 4.9

 Defense capital goods4........................ 179,577 178,000 178,543 0.9 -0.3 -0.6 178,978 177,946 175,715 171,325 (X) (X) 4.5

 Consumer goods.................................. 6,217 6,115 5,878 1.7 4.0 3.0 6,301 6,055 6,029 4,853 (X) (X) 29.8

 Consumer durable goods..................... 6,217 6,115 5,878 1.7 4.0 3.0 6,301 6,055 6,029 4,853 (X) (X) 29.8 

 All manufacturing industries....................... 696,267 695,668 693,627 0.1 0.3 0.8 695,195 679,415 692,530 696,757 (X) (X) -0.2

 Construction materials and supplies....... 71,049 70,700 69,831 0.5 1.2 0.9 71,381 69,142 68,606 72,341 (X) (X) -1.3

 Information technology......................... 39,664 39,520 39,375 0.4 0.4 0.2 39,242 38,130 39,622 38,482 (X) (X) 2.0

 Computers and related products........... 3,979 3,964 3,912 0.4 1.3 1.2 3,898 3,785 3,998 3,741 (X) (X) 4.2

 Motor vehicle and parts......................... 40,444 39,691 40,245 1.9 -1.4 2.8 40,714 38,176 40,257 40,237 (X) (X) 1.2

 Capital goods...................................... 212,971 215,411 217,128 -1.1 -0.8 1.0 210,769 208,899 218,171 207,637 (X) (X) 1.5

 Nondefense capital goods3.................. 191,754 194,368 196,083 -1.3 -0.9 1.2 189,666 187,968 197,172 186,763 (X) (X) 1.6

 Excluding aircraft............................. 128,749 128,300 127,768 0.3 0.4 0.6 127,252 124,392 128,450 126,510 (X) (X) 0.6

 Defense capital goods4........................ 21,217 21,043 21,045 0.8 0.0 -1.7 21,103 20,931 20,999 20,874 (X) (X) 1.1

 Consumer goods.................................. 208,399 206,165 204,264 1.1 0.9 1.2 208,196 201,280 205,039 210,764 (X) (X) -1.2

 Consumer durable goods..................... 31,495 31,157 31,820 1.1 -2.1 2.6 31,853 29,839 32,165 32,422 (X) (X) -1.8

 Consumer nondurable goods................ 176,904 175,008 172,444 1.1 1.5 1.0 176,343 171,441 172,874 178,342 (X) (X) -1.1

NEW ORDERS 

UNFILLED ORDERS 

TOTAL INVENTORIES 

X

 Not Applicable 

p

 Preliminary 

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

1

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

are not adjusted for price changes. 

2 Topical series are regroupings of the separate industry categories. 

3

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

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

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

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

4

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

5 Estimates and percent changes exclude semiconductor industry data. 

6

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

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

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

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, January Full Report, March 4, 2021. Information on data sources and methodology can be found on our website at 

<www.census.gov/manufacturing/m3/how_the_data_are_collected/index.html>. 
Table 6. Value of Manufacturers' Inventories, by Stage of Fabrication, by Industry Group1 

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

Seasonally Adjusted Not Seasonally Adjusted

Monthly Percent Change Monthly % Change

Industry January

Jan. Dec. Nov. Dec. - Nov. - Oct. - Jan. Dec. Nov. Jan. 2021/

2021p 2020r 2020 Jan. Dec. Nov. 2021p 2020r 2020 2020 2020

MATERIALS AND SUPPLIES

 All manufacturing industries....................... 240,628 239,205 236,582 0.6 1.1 0.6 241,141 236,385 235,023 237,770 1.4

 Durable goods industries.......................... 147,086 146,952 145,772 0.1 0.8 0.7 147,171 145,188 145,024 144,440 1.9

 Wood products................................... 5,672 5,673 5,638 0.0 0.6 1.2 5,930 5,899 5,773 5,516 7.5

 Nonmetallic mineral products................. 5,745 5,725 5,645 0.3 1.4 0.0 5,724 5,683 5,579 5,654 1.2

 Primary metals.................................... 12,267 12,214 12,060 0.4 1.3 -2.0 12,415 12,392 12,089 12,779 -2.8

 Fabricated metal products.......................... 20,196 19,776 19,460 2.1 1.6 1.7 20,171 19,668 19,260 19,615 2.8

 Machinery.......................................... 27,343 27,211 27,051 0.5 0.6 0.0 27,143 26,607 26,890 27,889 -2.7

 Computers and electronic products........ 19,970 19,961 19,911 0.0 0.3 0.2 19,725 19,450 20,041 19,403 1.7

 Electrical equipment, appliances,

 and components............................... 8,755 8,745 8,766 0.1 -0.2 0.6 8,742 8,484 8,608 8,581 1.9

 Transportation equipment..................... 35,792 36,001 35,633 -0.6 1.0 2.1 35,900 35,405 35,196 33,666 6.6

 Furniture and related products............... 3,567 3,528 3,525 1.1 0.1 1.3 3,633 3,524 3,485 3,530 2.9

 Miscellaneous products......................... 7,779 8,118 8,083 -4.2 0.4 -0.1 7,788 8,076 8,103 7,807 -0.2

 Nondurable goods industries...................... 93,542 92,253 90,810 1.4 1.6 0.4 93,970 91,197 89,999 93,330 0.7

 Food products.................................... 20,033 19,788 19,628 1.2 0.8 0.7 20,188 19,961 19,957 19,784 2.0

 Beverage and tobacco products........................ 5,415 5,505 5,517 -1.6 -0.2 0.1 5,564 5,644 5,585 6,091 -8.7

 Textiles.............................................. 1,160 1,158 1,137 0.2 1.8 0.9 1,151 1,147 1,125 1,162 -0.9

 Textile products................................... 1,183 1,177 1,189 0.5 -1.0 -0.3 1,182 1,166 1,182 1,214 -2.6

 Apparel............................................. 534 528 550 1.1 -4.0 -0.2 536 510 543 545 -1.7

 Leather and allied products.................... 256 265 268 -3.4 -1.1 -1.1 253 265 264 277 -8.7

 Paper products.................................... 7,698 7,634 7,603 0.8 0.4 -0.1 7,769 7,651 7,552 7,710 0.8

 Printing ............................................. 2,649 2,642 2,639 0.3 0.1 -0.3 2,621 2,609 2,646 2,643 -0.8

 Petroleum and coal products................. 11,818 10,839 9,738 9.0 11.3 2.8 11,637 10,011 9,108 11,698 -0.5

 Chemical products................................ 32,010 31,924 31,827 0.3 0.3 -0.2 32,203 31,546 31,469 31,340 2.8

 Plastics and rubber products.................. 10,786 10,793 10,714 -0.1 0.7 0.5 10,866 10,687 10,568 10,866 0.0

WORK IN PROCESS

 All manufacturing industries....................... 205,670 208,952 209,431 -1.6 -0.2 0.9 204,612 203,277 209,881 205,276 -0.3

 Durable goods industries.......................... 159,243 162,499 163,185 -2.0 -0.4 0.8 158,151 157,077 163,215 155,557 1.7

 Wood products................................... 2,096 2,075 2,030 1.0 2.2 1.8 2,120 2,045 2,006 1,743 21.6

 Nonmetallic mineral products................. 1,388 1,397 1,399 -0.6 -0.1 -0.2 1,398 1,341 1,329 1,462 -4.4

 Primary metals.................................... 9,389 9,534 9,417 -1.5 1.2 -1.1 9,356 9,187 9,347 10,004 -6.5

 Fabricated metal products.......................... 12,987 12,922 12,859 0.5 0.5 0.5 12,915 12,544 12,771 13,558 -4.7

 Machinery.......................................... 20,294 20,379 19,636 -0.4 3.8 0.9 19,843 19,304 20,118 19,035 4.2

 Computers and electronic products........ 12,522 12,551 12,529 -0.2 0.2 0.0 12,557 12,008 12,329 12,838 -2.2

 Electrical equipment, appliances,

 and components............................... 4,309 4,200 4,166 2.6 0.8 -0.2 4,265 3,990 4,091 4,122 3.5

 Transportation equipment..................... 91,255 94,479 96,173 -3.4 -1.8 1.3 90,721 91,861 96,237 87,926 3.2

 Furniture and related products............... 1,165 1,164 1,165 0.1 -0.1 -0.5 1,163 1,141 1,161 1,173 -0.9

 Miscellaneous products......................... 3,838 3,798 3,811 1.1 -0.3 -0.6 3,813 3,656 3,826 3,696 3.2

 Nondurable goods industries...................... 46,427 46,453 46,246 -0.1 0.4 1.2 46,461 46,200 46,666 49,719 -6.6

 Food products.................................... 4,492 4,499 4,409 -0.2 2.0 -3.4 4,647 4,808 5,021 4,622 0.5

 Beverage and tobacco products........................ 8,340 8,803 8,967 -5.3 -1.8 1.1 8,577 9,107 9,204 9,500 -9.7

 Textiles.............................................. 593 599 579 -1.0 3.5 -0.2 585 575 578 626 -6.5

 Textile products................................... 329 339 328 -2.9 3.4 0.6 333 325 329 353 -5.7

 Apparel............................................. 286 287 284 -0.3 1.1 -1.4 281 261 280 314 -10.5

 Leather and allied products.................... 113 89 89 27.0 0.0 4.7 115 89 90 88 30.7

 Paper products.................................... 1,435 1,436 1,433 -0.1 0.2 0.4 1,423 1,405 1,413 1,403 1.4

 Printing ............................................. 1,180 1,164 1,215 1.4 -4.2 -1.8 1,149 1,118 1,229 1,188 -3.3

 Petroleum and coal products................. 8,284 7,681 7,136 7.9 7.6 10.6 8,042 7,209 6,776 9,485 -15.2

 Chemical products................................ 18,274 18,425 18,618 -0.8 -1.0 -0.4 18,209 18,270 18,562 19,080 -4.6

 Plastics and rubber products.................. 3,101 3,131 3,188 -1.0 -1.8 0.9 3,100 3,033 3,184 3,060 1.3

FINISHED GOODS

 All manufacturing industries....................... 249,969 247,511 247,614 1.0 0.0 1.0 249,442 239,753 247,626 253,711 -1.7

 Durable goods industries.......................... 117,959 116,248 117,574 1.5 -1.1 1.3 117,848 112,535 117,920 121,885 -3.3

 Wood products................................... 4,588 4,547 4,535 0.9 0.3 -0.2 4,746 4,489 4,482 4,955 -4.2

 Nonmetallic mineral products................. 6,768 6,853 6,949 -1.2 -1.4 0.5 6,794 6,686 6,695 7,365 -7.8

 Primary metals.................................... 12,791 12,595 12,346 1.6 2.0 4.4 12,934 12,595 12,109 12,715 1.7

 Fabricated metal products.......................... 19,417 19,370 19,299 0.2 0.4 -0.1 19,467 18,805 18,916 20,281 -4.0

 Machinery.......................................... 22,282 22,332 22,698 -0.2 -1.6 1.4 22,000 21,793 22,874 23,419 -6.1

 Computers and electronic products........ 11,156 11,116 11,080 0.4 0.3 -0.7 11,037 10,675 11,367 11,534 -4.3

 Electrical equipment, appliances,

 and components............................... 6,865 6,939 6,844 -1.1 1.4 1.6 6,888 6,534 6,718 7,098 -3.0

 Transportation equipment..................... 18,639 17,477 18,911 6.6 -7.6 2.8 18,560 16,315 19,715 19,584 -5.2

 Furniture and related products............... 2,539 2,563 2,514 -0.9 1.9 1.4 2,546 2,446 2,548 2,736 -6.9

 Miscellaneous products......................... 12,914 12,456 12,398 3.7 0.5 0.8 12,876 12,197 12,496 12,198 5.6

 Nondurable goods industries...................... 132,010 131,263 130,040 0.6 0.9 0.7 131,594 127,218 129,706 131,826 -0.2

 Food products.................................... 31,414 31,495 31,227 -0.3 0.9 1.3 31,036 30,813 31,759 30,855 0.6

 Beverage and tobacco products........................ 11,180 11,022 11,000 1.4 0.2 1.2 10,982 10,714 10,951 10,439 5.2

 Textiles.............................................. 1,319 1,333 1,327 -1.1 0.5 0.4 1,334 1,327 1,313 1,431 -6.8

 Textile products................................... 2,162 2,187 2,191 -1.1 -0.2 0.5 2,191 2,158 2,175 2,332 -6.0

 Apparel............................................. 948 952 946 -0.4 0.6 -0.6 931 851 925 951 -2.1

 Leather and allied products.................... 438 446 443 -1.8 0.7 -1.3 446 441 446 498 -10.4

 Paper products.................................... 5,974 5,998 5,982 -0.4 0.3 -0.3 6,031 5,896 5,867 6,254 -3.6

 Printing ............................................. 1,723 1,724 1,735 -0.1 -0.6 -0.9 1,702 1,683 1,739 1,740 -2.2

 Petroleum and coal products................. 15,172 14,729 14,702 3.0 0.2 1.6 15,192 14,343 14,724 17,676 -14.1

 Chemical products................................ 48,898 48,712 47,896 0.4 1.7 0.3 48,986 46,789 47,387 46,467 5.4

 Plastics and rubber products.................. 12,782 12,665 12,591 0.9 0.6 0.5 12,763 12,203 12,420 13,183 -3.2

p

 Preliminary 

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

1

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

are not adjusted for price changes. 

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

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

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, January Full Report, March 4, 2021. Information on data sources and methodology can be found on our website at 

<www.census.gov/manufacturing/m3/how_the_data_are_collected/index.html>.
Table 7. Ratios of Manufacturers' Inventories to Shipments and Unfilled Orders 

 to Shipments, by Industry Group 1

[Based on Seasonally Adjusted data from the Manufacturers' Shipments, Inventories, and Orders Survey.] 

Inventory/Shipments ratio Unfilled Orders/Shipments ratio2

Industry Jan Dec Nov Oct Jan Dec Nov Oct

2021p 2020r 2020 2020 2021p 2020r 2020 2020

All manufacturing industries3

.................................... 1.36 1.38 1.41 1.41 (X) (X) (X) (X)

Durable goods industries3

........................................ 1.63 1.66 1.70 1.69 6.10 6.25 6.40 6.38

 Wood products........................................................... 1.12 1.17 1.19 1.19 (X) (X) (X) (X)

 Nonmetallic mineral products............................. 1.11 1.14 1.16 1.17 (X) (X) (X) (X)

 Primary metals............................................................ 1.68 1.73 1.75 1.79 1.66 1.68 1.72 1.73

 Fabricated metal products...................................... 1.62 1.64 1.66 1.66 2.49 2.52 2.54 2.52

 Machinery..................................................................... 2.12 2.18 2.20 2.19 3.41 3.52 3.51 3.49

 Computers and electronic products3

................... 1.40 1.41 1.42 1.40 5.06 5.11 5.13 5.01

 Electrical equipment, appliances,

 and components.................................................... 1.71 1.81 1.83 1.78 2.19 2.28 2.26 2.18

 Transportation equipment..................................... 1.69 1.73 1.83 1.81 13.32 13.76 14.33 14.16

 Furniture and related products............................ 1.12 1.10 1.10 1.08 1.44 1.41 1.40 1.39

 Miscellaneous products.......................................... 1.57 1.58 1.56 1.60 (X) (X) (X) (X)

Nondurable goods industries................................... 1.08 1.09 1.10 1.10 (X) (X) (X) (X)

 Food products............................................................. 0.81 0.82 0.81 0.81 (X) (X) (X) (X)

 Beverage and tobacco products........................... 1.86 1.84 1.97 1.88 (X) (X) (X) (X)

 Textiles.......................................................................... 1.32 1.36 1.36 1.38 (X) (X) (X) (X)

 Textile products......................................................... 1.89 1.93 1.99 2.02 (X) (X) (X) (X)

 Apparel........................................................................ 1.93 1.86 2.04 2.06 (X) (X) (X) (X)

 Leather and allied products................................ 1.94 1.95 1.82 1.85 (X) (X) (X) (X)

 Paper products.......................................................... 0.88 0.89 0.89 0.90 (X) (X) (X) (X)

 Printing........................................................................ 0.79 0.78 0.80 0.79 (X) (X) (X) (X)

 Petroleum and coal products............................... 0.73 0.74 0.75 0.76 (X) (X) (X) (X)

 Chemical products................................................... 1.38 1.39 1.39 1.41 (X) (X) (X) (X)

 Plastics and rubber products................................ 1.29 1.31 1.31 1.31 (X) (X) (X) (X)

Jan3 Jan3 Jan3 Jan3

Industry 2020- 2020- 2020- 2020-

Jan2 Dec Jan2 Dec Jan2 Dec Jan2 Dec

2021 2020 2021 2020 2021 2020 2021 2020

All manufacturing industries.................. (X) 0.2 (X) 0.3 (X) 0.1 (X) 0.1

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

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

 Nonmetallic mineral products.............. (X) 0.4 (X) (NA) (X) (NA) (X) 0.2

 Primary metals............................................. 0.2 0.5 0.1 0.7 0.1 0.1 0.0 0.2

 Fabricated metal products.................... 0.0 0.6 0.0 1.1 0.0 0.3 -0.1 0.2

 Machinery...................................................... -0.6 0.5 -0.3 0.8 0.1 0.1 0.1 0.1

 Computers and electronic products..... 0.0 0.3 0.2 0.4 0.0 0.1 -0.1 0.1

 Electrical equipment, appliances,

 and components..................................... -0.4 0.5 -0.2 0.8 0.2 0.3 0.0 0.2

 Transportation equipment.................... 0.1 0.3 -0.1 1.1 0.0 0.1 0.0 0.1

 Furniture and related products............. (X) 0.7 (X) 0.9 (X) 0.4 (X) 0.4

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

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

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

 Beverage and tobacco products............ (X) 0.7 (X) (NA) (X) (NA) (X) 0.4

 Textiles.......................................................... (X) 0.8 (X) (NA) (X) (NA) (X) 0.2

 Textile products......................................... (X) 0.8 (X) (NA) (X) (NA) (X) 0.3

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

 Leather and allied products.................. (X) 1.1 (X) (NA) (X) (NA) (X) 0.2

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

 Printing.......................................................... (X) 0.6 (X) (NA) (X) (NA) (X) 0.3

 Petroleum and coal products............... (X) 0.5 (X) (NA) (X) (NA) (X) 0.7

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

 Plastics and rubber products................ (X) 0.3 (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, January Full Report, March 4, 2021. Information on data 

sources and methodology can be found on our website at <www.census.gov/manufacturing/m3/how_the_data_are_collected/index.html>. 

X Not Applicable 

NA Not Available 

1

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

end of the period. Not seasonally adjusted estimates of shipments and new orders include adjusted data for non-calendar reporters. Seasonally 

adjusted estimates include concurrent adjustments for holiday and trading-day differences, where appropriate, as well as seasonal variation, 

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

2

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

3

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

monthly averages are the simple averages of the absolute values of the differences for the months specified. The advance to final percent 

change revisions for the durable goods industries are shown in the advance report for the month. 

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

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

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

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

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, January Full Report, March 4, 2021. 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