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FOR RELEASE AT 10:00 AM EDT, TUESDAY, MARCH 19, 2019

MONTHLY FULL REPORT ON MANUFACTURERS’ SHIPMENTS, INVENTORIES AND ORDERS

JANUARY 2019

Release Number: CB 19‐28 M3‐2 (19)‐01

March 19, 2019 — The U.S. Census Bureau announces the January full report on manufacturers’

shipments, inventories and orders:

MANUFACTURED GOODS – NEW ORDERS

JANUARY 2019 $500.5 billion      +0.1%°

DECEMBER 2018  

(revised) $500.1 billion      +0.1%°

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 19,

2019.

Summary

New orders for manufactured goods in January, up two consecutive months, increased $0.3 billion or 0.1

percent to $500.5 billion, the U.S. Census Bureau reported today.  This followed a 0.1 percent December

increase.  Shipments, down four consecutive months, decreased $1.8 billion or 0.4 percent to $503.1

billion.  This followed a 0.2 percent December decrease.  Unfilled orders, up following three consecutive

monthly decreases, increased $1.4 billion or 0.1 percent to $1,181.9 billion.  This followed a 0.1 percent

December decrease.  The unfilled orders‐to‐shipments ratio was 6.57, up from 6.55 in December.  

Inventories, up twenty‐six of the last twenty‐seven months, increased $3.6 billion or 0.5 percent to $685.7

billion.  This followed a 0.1 percent December increase.  The inventories‐to‐shipments ratio was 1.36, up

from 1.35 in December.

New Orders

New orders for manufactured durable goods in January, up three consecutive months, increased $0.9

billion or 0.3 percent to $255.3 billion, down from the previously published 0.4 percent increase.  This

followed a 1.3 percent December increase.  Transportation equipment, up five of the last six months,

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

% Change 2.0% 1.7% ‐0.4% 0.4% 0.6% ‐0.5% 2.6% 0.2% ‐2.1% ‐0.5% 0.1% 0.1%

‐4.0%

‐3.0%

‐2.0%

‐1.0%

0.0%

1.0%

2.0%

3.0%

4.0%

MANUFACTURERS' NEW ORDERS 2018‐2019

Seasonally Adjusted,   Month‐To‐Month Percentage Change

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

March 19, 2019.
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drove the increase, $1.1 billion or 1.2 percent to $91.0 billion.  New orders for manufactured nondurable

goods decreased $0.5 billion or 0.2 percent to $245.2 billion.

Shipments

Shipments of manufactured durable goods in January, down following two consecutive monthly increases,

decreased $1.3 billion or 0.5 percent to $257.9 billion, unchanged from the previously published decrease.  

This followed a 0.7 percent December increase.  Transportation equipment, also down following two

consecutive monthly increases, led the decrease, $1.2 billion or 1.3 percent to $90.1 billion.  Shipments of

manufactured nondurable goods, down three consecutive months, decreased $0.5 billion or 0.2 percent to

$245.2 billion.  This followed a 1.1 percent December decrease.  Chemical products, down following five

consecutive monthly increases, led the decrease, $0.3 billion or 0.5 percent to $66.5 billion.

Unfilled Orders

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

decreases, increased $1.4 billion or 0.1 percent to $1,181.9 billion, unchanged from the previously

published increase.  This followed a 0.1 percent December decrease.  Transportation equipment, also up

following three consecutive monthly decreases, led the increase, $0.9 billion or 0.1 percent to $811.6

billion.

Inventories

Inventories of manufactured durable goods in January, up twenty‐four of the last twenty‐five months,

increased $1.9 billion or 0.5 percent to $417.2 billion, up from the previously published 0.4 percent

increase.  This followed a 0.3 percent December increase.  Transportation equipment, up four of the last

five months, led the increase, $1.2 billion or 0.9 percent to $132.6 billion.  Inventories of manufactured

nondurable goods, up following two consecutive monthly decreases, increased $1.8 billion or 0.7 percent

to $268.5 billion.  This followed a 0.4 percent December decrease.  Petroleum and coal products, up

following three consecutive monthly decreases, led the increase, $1.3 billion or 3.5 percent to $39.2

billion.  By stage of fabrication, January materials and supplies increased 0.6 percent in durable goods and

increased 0.7 percent in nondurable goods.  Work in process increased 0.3 percent in durable goods and

increased 0.9 percent in nondurable goods.  Finished goods increased 0.5 percent in durable goods and

increased 0.6 percent in nondurable goods.  

The U.S. Census Bureau updated its 2019 economic indicator release calendar to include January‐March

2019 releases following the recent lapse in federal funding.  Please refer to <www.census.gov/economic‐

indicators> for the latest information on the rescheduled release dates.
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Figures in text are adjusted for seasonality, but not for inflation. Figures on new and unfilled orders 

exclude data for semiconductor manufacturing. 

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

decrease. 

Description of the survey 

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

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

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

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

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

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

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

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

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

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

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

approximately 64 percent of the total value of shipments for manufacturing establishments in the 2012 

Economic Census, and these companies include almost two-thirds of the manufacturing companies with 

$500 million or more in shipments in the 2012 Economic Census. The companies for which shipments data 

are currently reported in the M3 survey represent approximately 57 percent of the total value of 

shipments for manufacturing establishments in the 2012 Economic Census. Statistics based on the M3 

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

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

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

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

survey documentation can be found on our web site:  

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

RESOURCES

API

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

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

before.  

<www.census.gov/developers/>.

NEW TIME SERIES

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

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

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

FRED Mobile App

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

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

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

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

Notice of Revisions and Changes Due to Updated Seasonal Adjustment Models

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

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

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

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

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

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

adjusted and not seasonally adjusted will be updated.  Three unfilled orders series and one total

inventories series that have been adjusted will no longer be seasonally adjusted.  Conversely, two stage of

fabrication series that have not been adjusted will now be seasonally adjusted.  These changes will be

implemented on May 16, 2019 and will also be used to produce seasonally adjusted data from the
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Manufacturers’ Shipments, Inventories, and Orders Survey, beginning with the April 2019 Advance Report

on Durable Goods scheduled for release on May 24, 2019 and the full report scheduled for release on June

4, 2019.

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

1

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

Seasonally Adjusted Not Seasonally Adjusted

Monthly Percent Change Monthly

Industry % Change

Jan. Dec. Nov. Dec. ‐ Nov. ‐ Oct. ‐ Jan. Dec. Nov. Jan. 2019/

2019p 2018r 2018 Jan. Dec. Nov. 2019p 2018r 2018 2018 2019p 2018 2018

  All manufacturing industries.................. 503,052 504,890 505,772 ‐0.4 ‐0.2 ‐0.5 466,791 490,076 495,901 453,777 466,791 453,777 2.9

      Excluding transportation................... 412,924 413,560 415,893 ‐0.2 ‐0.6 ‐1.1 387,289 400,689 406,249 381,559 387,289 381,559 1.5

      Excluding defense.............................. 487,947 490,527 491,853 ‐0.5 ‐0.3 ‐0.5 454,389 473,894 481,028 442,834 454,389 442,834 2.6

      With unfilled orders............................ 179,842 180,332 179,492 ‐0.3 0.5 1.4 161,883 179,832 174,678 152,274 161,883 152,274 6.3

  Durable goods industries......................... 257,880 259,199 257,418 ‐0.5 0.7 1.0 233,346 252,945 251,463 220,350 233,346 220,350 5.9

  Wood products....................................... 9,071 9,088 9,096 ‐0.2 ‐0.1 ‐1.1 7,792 7,913 8,460 8,103 7,792 8,103 ‐3.8

  Nonmetallic mineral products.................... 11,098 11,059 10,943 0.4 1.1 ‐0.4 9,754 9,312 10,710 9,358 9,754 9,358 4.2

  Primary metals....................................... 21,263 21,534 21,852 ‐1.3 ‐1.5 0.9 21,019 19,084 20,543 19,713 21,019 19,713 6.6

      Iron and steel mills............................ 10,831 10,981 11,152 ‐1.4 ‐1.5 0.9 10,748 9,723 10,419 9,618 10,748 9,618 11.7

      Aluminum and nonferrous metals.......... 8,933 9,105 9,283 ‐1.9 ‐1.9 0.8 8,862 8,090 8,810 8,821 8,862 8,821 0.5

      Ferrous metal foundries....................... 1,499 1,448 1,417 3.5 2.2 1.6 1,409 1,271 1,314 1,274 1,409 1,274 10.6

  Fabricated metal products....................... 33,721 33,760 33,411 ‐0.1 1.0 0.9 31,647 30,845 32,057 29,939 31,647 29,939 5.7

  Machinery............................................. 33,210 32,941 32,928 0.8 0.0 ‐0.3 29,784 33,065 30,940 28,540 29,784 28,540 4.4

      Farm machinery................................. 2,600 2,729 2,676 ‐4.7 2.0 ‐1.5 2,333 2,387 2,038 2,168 2,333 2,168 7.6

      Construction machinery..................... 3,092 2,951 2,926 4.8 0.9 ‐1.3 2,660 2,822 2,825 2,427 2,660 2,427 9.6

      Mining, oil field, and

          gas field machinery.......................... 1,406 1,467 1,486 ‐4.2 ‐1.3 1.0 1,309 1,709 1,493 1,540 1,309 1,540 ‐15.0

      Industrial machinery.......................... 2,578 2,518 2,545 2.4 ‐1.1 ‐4.5 2,128 2,945 2,335 2,147 2,128 2,147 ‐0.9

      Photographic equipment...................... 540 534 540 1.1 ‐1.1 ‐7.7 456 598 508 441 456 441 3.4

      Ventilation, heating, air‐conditioning,

          and refrigeration equipment............ 3,981 3,967 3,863 0.4 2.7 ‐0.2 3,262 3,708 3,519 3,067 3,262 3,067 6.4

      Metalworking machinery..................... 2,627 2,545 2,628 3.2 ‐3.2 0.2 2,461 2,779 2,632 2,590 2,461 2,590 ‐5.0

      Turbines, generators, and other

          power transmission equipment....... 4,327 4,360 4,460 ‐0.8 ‐2.2 0.2 4,124 4,162 4,484 3,844 4,124 3,844 7.3

      Material handling equipment............... 2,866 2,849 2,799 0.6 1.8 2.8 2,651 2,909 2,695 2,404 2,651 2,404 10.3

  Computers and electronic products

2

.......... 27,750 27,729 27,688 0.1 0.1 1.1 24,741 31,498 27,927 23,780 24,741 23,780 4.0

      Computers........................................ 801 790 802 1.4 ‐1.5 ‐2.0 634 978 759 603 634 603 5.1

      Computer storage devices..................... 294 258 290 14.0 ‐11.0 ‐1.0 212 388 281 236 212 236 ‐10.2

      Other peripheral equipment................ 762 716 771 6.4 ‐7.1 ‐4.6 641 971 702 630 641 630 1.7

      Nondefense communications

          equipment.................................... 3,423 3,431 3,335 ‐0.2 2.9 2.0 2,662 4,680 3,127 2,490 2,662 2,490 6.9

      Defense communications equipment.... 318 329 327 ‐3.3 0.6 ‐2.1 279 312 369 209 279 209 33.5

      Audio and video equipment.................... 336 375 304 ‐10.4 23.4 12.2 240 529 403 152 240 152 57.9

      Electronic components......................... 3,532 3,574 3,564 ‐1.2 0.3 2.8 3,163 3,647 3,345 3,201 3,163 3,201 ‐1.2

      Nondefense search and navigation

          equipment...................................... 1,595 1,568 1,543 1.7 1.6 ‐1.2 1,392 1,698 1,529 1,349 1,392 1,349 3.2

      Defense search and navigation

          equipment..................................... 2,757 2,779 2,807 ‐0.8 ‐1.0 1.7 2,286 3,160 2,975 2,381 2,286 2,381 ‐4.0

      Electromedical, measuring,

          and control instruments................. 9,565 9,504 9,478 0.6 0.3 0.3 8,106 11,075 9,372 7,439 8,106 7,439 9.0

  Electrical equipment, appliances,        

    and components................................... 11,447 11,457 11,397 ‐0.1 0.5 ‐1.0 10,317 11,073 11,163 9,851 10,317 9,851 4.7

      Electric lighting equipment..................... 1,030 1,026 1,026 0.4 0.0 ‐1.3 922 1,041 1,036 958 922 958 ‐3.8

      Household appliances........................ 1,797 1,777 1,716 1.1 3.6 ‐2.8 1,526 1,800 1,767 1,421 1,526 1,421 7.4

      Electrical equipment............................ 3,063 2,994 2,992 2.3 0.1 ‐2.6 2,728 2,876 2,845 2,633 2,728 2,633 3.6

      Batteries........................................... 819 897 908 ‐8.7 ‐1.2 ‐1.8 745 921 1,029 871 745 871 ‐14.5

  Transportation equipment........................ 90,128 91,330 89,879 ‐1.3 1.6 2.5 79,502 89,387 89,652 72,218 79,502 72,218 10.1

      Automobiles..................................... 8,876 9,480 9,294 ‐6.4 2.0 ‐1.2 8,506 8,640 9,548 9,107 8,506 9,107 ‐6.6

      Light trucks and utility vehicles.............. 21,581 21,726 21,158 ‐0.7 2.7 1.2 19,247 20,037 21,166 15,833 19,247 15,833 21.6

      Heavy duty trucks ............................. 3,151 2,936 2,815 7.3 4.3 1.5 2,789 2,503 2,693 2,339 2,789 2,339 19.2

      Motor vehicle bodies, parts,       

          and trailers.................................... 27,920 28,028 27,605 ‐0.4 1.5 ‐0.2 26,305 23,896 26,995 24,659 26,305 24,659 6.7

      Nondefense aircraft and parts................ 13,385 14,964 15,034 ‐10.6 ‐0.5 17.3 10,262 18,979 14,845 9,626 10,262 9,626 6.6

      Defense aircraft and parts.................. 5,195 4,711 4,507 10.3 4.5 ‐4.8 3,986 5,576 4,758 3,388 3,986 3,388 17.7

      Ships and boats................................. 2,845 2,817 2,780 1.0 1.3 2.1 2,247 2,914 2,939 2,205 2,247 2,205 1.9

  Furniture and related products.................. 6,634 6,683 6,536 ‐0.7 2.2 ‐0.2 6,198 6,516 6,465 5,974 6,198 5,974 3.7

  Miscellaneous durable goods................. 13,558 13,618 13,688 ‐0.4 ‐0.5 ‐1.1 12,592 14,252 13,546 12,874 12,592 12,874 ‐2.2

  Nondurable goods industries..................... 245,172 245,691 248,354 ‐0.2 ‐1.1 ‐2.0 233,445 237,131 244,438 233,427 233,445 233,427 0.0

  Food products....................................... 66,801 66,807 67,137 0.0 ‐0.5 0.2 64,809 66,340 68,832 64,514 64,809 64,514 0.5

      Grain and oilseed milling....................... 7,370 7,372 7,635 0.0 ‐3.4 1.2 7,438 7,507 8,005 7,883 7,438 7,883 ‐5.6

      Dairy products.................................. 9,161 9,206 9,281 ‐0.5 ‐0.8 0.2 8,987 9,197 9,697 9,064 8,987 9,064 ‐0.8

      Meat, poultry, and seafood products... 19,409 19,454 19,434 ‐0.2 0.1 0.4 18,433 18,669 19,588 18,029 18,433 18,029 2.2

  Beverage and tobacco products................ 12,459 12,565 12,656 ‐0.8 ‐0.7 ‐0.3 11,430 12,084 12,579 11,209 11,430 11,209 2.0

      Beverages......................................... 8,715 8,779 8,789 ‐0.7 ‐0.1 0.1 7,686 8,298 8,712 7,462 7,686 7,462 3.0

      Tobacco............................................ 3,744 3,786 3,867 ‐1.1 ‐2.1 ‐1.3 3,744 3,786 3,867 3,747 3,744 3,747 ‐0.1

  Textile mills........................................... 2,484 2,493 2,508 ‐0.4 ‐0.6 0.2 2,295 2,181 2,399 2,291 2,295 2,291 0.2

  Textile products................................... 2,346 2,386 2,380 ‐1.7 0.3 ‐0.3 2,094 2,139 2,296 1,939 2,094 1,939 8.0

  Apparel................................................ 982 985 979 ‐0.3 0.6 ‐1.0 893 937 1,118 879 893 879 1.6

  Leather and allied products...................... 432 422 414 2.4 1.9 3.0 405 398 394 358 405 358 13.1

  Paper products...................................... 16,084 16,002 16,044 0.5 ‐0.3 ‐0.6 15,963 15,371 15,661 15,889 15,963 15,889 0.5

      Pulp, paper, and paperboard mills....... 6,480 6,540 6,560 ‐0.9 ‐0.3 ‐0.8 6,498 6,398 6,358 6,563 6,498 6,563 ‐1.0

      Paperboard containers........................ 5,616 5,484 5,560 2.4 ‐1.4 ‐0.6 5,655 4,963 5,452 5,554 5,655 5,554 1.8

  Printing................................................. 6,694 6,652 6,674 0.6 ‐0.3 ‐0.8 6,476 6,405 6,914 6,237 6,476 6,237 3.8

  Petroleum and coal products.................. 50,522 50,724 53,029 ‐0.4 ‐4.3 ‐9.6 46,801 48,584 51,702 49,845 46,801 49,845 ‐6.1

      Petroleum refineries.......................... 46,182 46,360 48,826 ‐0.4 ‐5.1 ‐10.5 43,371 45,125 47,809 46,687 43,371 46,687 ‐7.1

  Chemical products..................................... 66,484 66,801 66,733 ‐0.5 0.1 1.0 63,510 64,876 63,659 61,681 63,510 61,681 3.0

      Pesticides, fertilizers, and other

          agricultural chemicals....................... 2,831 2,827 2,744 0.1 3.0 ‐2.9 2,403 2,428 2,211 2,079 2,403 2,079 15.6

      Pharmaceuticals and medicines............. 22,063 22,157 22,224 ‐0.4 ‐0.3 2.0 21,623 22,542 21,701 20,714 21,623 20,714 4.4

      Paints, coatings, and adhesives.......... 3,897 3,919 3,871 ‐0.6 1.2 1.3 3,490 3,143 3,415 3,324 3,490 3,324 5.0

  Plastics and rubber products.................. 19,884 19,854 19,800 0.2 0.3 0.2 18,769 17,816 18,884 18,585 18,769 18,585 1.0

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 19, 2019.  Information on data sources and methodology can be found on our website at

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

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

Seasonally Adjusted Not Seasonally Adjusted

Monthly Percent Change Monthly

Industry % Change

Jan. Dec. Nov. Dec. ‐ Nov. ‐ Oct. ‐ Jan. Dec. Nov. Jan. 2019/

2019p 2018r 2018 Jan. Dec. Nov. 2019p 2018r 2018 2018 2019p 2018 2018

All manufacturing industries2........................ 500,479 500,140 499,551 0.1 0.1 ‐0.5 464,459 494,142 489,476 447,613 464,459 447,613 3.8

      Excluding transportation2...................... 409,450 410,220 412,403 ‐0.2 ‐0.5 ‐1.3 386,655 396,011 400,740 381,365 386,655 381,365 1.4

      Excluding defense2.............................. 486,688 485,645 483,031 0.2 0.5 ‐1.0 454,115 474,801 471,933 439,555 454,115 439,555 3.3

      With unfilled orders2

............................. 181,268 179,639 177,404 0.9 1.3 1.4 164,303 187,609 172,955 150,987 164,303 150,987 8.8

  Durable goods industries2......................... 255,307 254,449 251,197 0.3 1.3 0.9 231,014 257,011 245,038 214,186 231,014 214,186 7.9

  Primary metals........................................ 21,343 21,781 21,778 ‐2.0 0.0 1.7 21,174 19,670 20,721 20,226 21,174 20,226 4.7

      Iron and steel mills.............................. 10,695 11,151 11,090 ‐4.1 0.6 4.3 10,661 10,237 10,398 10,287 10,661 10,287 3.6

      Aluminum and nonferrous metals.......... 9,133 9,173 9,251 ‐0.4 ‐0.8 ‐1.3 8,973 8,116 8,979 8,597 8,973 8,597 4.4

      Ferrous metal foundries....................... 1,515 1,457 1,437 4.0 1.4 2.5 1,540 1,317 1,344 1,342 1,540 1,342 14.8

  Fabricated metal products........................ 34,196 34,401 33,961 ‐0.6 1.3 1.8 33,062 30,603 31,909 31,299 33,062 31,299 5.6

  Machinery............................................. 33,100 32,613 32,760 1.5 ‐0.4 ‐2.0 31,457 31,724 30,514 30,541 31,457 30,541 3.0

      Construction machinery........................ 2,931 2,839 2,906 3.2 ‐2.3 ‐2.1 2,857 2,745 2,982 2,851 2,857 2,851 0.2

      Mining, oil field, and

          gas field machinery.......................... 1,319 1,356 1,477 ‐2.7 ‐8.2 1.9 1,223 1,493 1,479 1,555 1,223 1,555 ‐21.4

      Industrial machinery............................ 2,624 2,287 2,511 14.7 ‐8.9 ‐8.5 2,486 2,522 2,185 2,331 2,486 2,331 6.6

      Photographic equipment....................... 520 555 533 ‐6.3 4.1 ‐7.3 450 663 504 456 450 456 ‐1.3

      Ventilation, heating, air‐conditioning,

          and refrigeration equipment............... 4,626 4,000 3,910 15.7 2.3 ‐4.4 4,131 3,629 3,517 3,301 4,131 3,301 25.1

      Metalworking machinery....................... 2,563 2,446 2,427 4.8 0.8 ‐9.3 2,552 2,564 2,434 2,834 2,552 2,834 ‐10.0

      Turbines, generators, and other        

          power transmission equipment........... 4,189 4,051 4,255 3.4 ‐4.8 ‐2.1 4,036 3,772 4,328 3,872 4,036 3,872 4.2

      Material handling equipment.................. 2,795 2,961 2,838 ‐5.6 4.3 ‐0.9 2,640 3,249 2,599 2,519 2,640 2,519 4.8

  Computers and electronic products2........... 23,828 24,049 24,138 ‐0.9 ‐0.4 0.1 20,358 28,799 23,187 19,357 20,358 19,357 5.2

      Computers........................................ 840 794 861 5.8 ‐7.8 1.7 673 982 818 610 673 610 10.3

      Nondefense communications

          equipment...................................... 3,419 3,264 3,447 4.7 ‐5.3 ‐0.5 2,687 4,445 3,278 2,630 2,687 2,630 2.2

      Defense communications equipment....... 269 284 308 ‐5.3 ‐7.8 ‐4.9 213 268 314 205 213 205 3.9

      Electronic components......................... 3,607 3,629 3,715 ‐0.6 ‐2.3 4.9 3,491 3,837 3,341 3,539 3,491 3,539 ‐1.4

      Nondefense search and navigation

          equipment...................................... 1,692 1,798 1,586 ‐5.9 13.4 ‐3.2 1,522 1,577 1,558 1,433 1,522 1,433 6.2

      Defense search and navigation

          equipment...................................... 2,696 3,224 3,042 ‐16.4 6.0 0.6 2,130 4,166 2,852 2,039 2,130 2,039 4.5

      Electromedical, measuring,

          and control instruments..................... 9,545 9,359 9,480 2.0 ‐1.3 ‐0.9 8,175 11,287 9,277 7,670 8,175 7,670 6.6

  Electrical equipment, appliances,        

    and components................................... 11,382 11,230 11,269 1.4 ‐0.3 ‐2.6 10,688 10,793 10,946 10,059 10,688 10,059 6.3

      Electric lighting equipment..................... 1,028 1,026 1,032 0.2 ‐0.6 ‐0.1 961 994 1,034 1,008 961 1,008 ‐4.7

      Household appliances.......................... 1,698 1,694 1,666 0.2 1.7 ‐5.3 1,516 1,686 1,702 1,559 1,516 1,559 ‐2.8

      Electrical equipment............................ 3,125 3,083 2,999 1.4 2.8 ‐2.5 2,973 2,931 2,808 2,638 2,973 2,638 12.7

  Transportation equipment........................ 91,029 89,920 87,148 1.2 3.2 3.1 77,804 98,131 88,736 66,248 77,804 66,248 17.4

      Motor vehicle bodies, parts,       

          and trailers..................................... 28,162 28,037 27,636 0.4 1.5 ‐0.4 26,478 24,819 27,378 24,494 26,478 24,494 8.1

      Nondefense aircraft and parts................ 15,651 13,535 9,973 15.6 35.7 4.5 10,669 24,166 10,721 6,646 10,669 6,646 60.5

      Defense aircraft and parts.................... 4,588 4,437 6,682 3.4 ‐33.6 29.0 3,896 6,529 7,197 2,739 3,896 2,739 42.2

      Ships and boats.................................. 2,390 2,716 3,122 ‐12.0 ‐13.0 81.5 1,770 2,197 3,790 1,059 1,770 1,059 67.1

  Furniture and related products................... 6,699 6,703 6,419 ‐0.1 4.4 ‐1.7 6,330 5,827 6,312 6,121 6,330 6,121 3.4

  Nondurable goods industries..................... 245,172 245,691 248,354 ‐0.2 ‐1.1 ‐2.0 233,445 237,131 244,438 233,427 233,445 233,427 0.0

Year to date

p Preliminary

r

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

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

review of the model  parameters. Estimates are not adjusted for price changes.        2 Data on new orders are not available for the semiconductor industry.  Estimates and percent changes for new orders exclude semiconductor industry data.      

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

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

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, January Full Report, March 19, 2019.  Information on data sources and methodology can be found on our website at

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

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

Seasonally Adjusted Not Seasonally Adjusted

Monthly Percent Change Monthly % Change

Industry January

Jan. Dec. Nov. Dec. ‐ Nov. ‐ Oct. ‐ Jan. Dec. Nov. Jan. 2019/

2019p 2018r 2018 Jan. Dec. Nov. 2019p 2018r 2018 2018 2018

All manufacturing industries2...................... 1,181,929 1,180,503 1,181,196 0.1 ‐0.1 ‐0.2 1,182,054 1,179,634 1,171,857 1,135,125 4.1

      Excluding transportation2

...................... 370,316 369,791 369,074 0.1 0.2 0.2 367,175 363,057 364,024 351,256 4.5

      Excluding defense2............................. 984,573 981,833 982,658 0.3 ‐0.1 ‐0.5 983,797 979,319 974,701 957,829 2.7

  Durable goods industries2........................ 1,181,929 1,180,503 1,181,196 0.1 ‐0.1 ‐0.2 1,182,054 1,179,634 1,171,857 1,135,125 4.1

  Primary metals........................................ 31,671 31,591 31,344 0.3 0.8 ‐0.2 31,258 31,103 30,517 28,391 10.1

      Iron and steel mills............................... 16,608 16,744 16,574 ‐0.8 1.0 ‐0.4 16,182 16,269 15,755 14,887 8.7

      Aluminum and nonferrous metals............. 11,564 11,364 11,296 1.8 0.6 ‐0.3 11,507 11,396 11,370 10,282 11.9

      Ferrous metal foundries........................ 3,499 3,483 3,474 0.5 0.3 0.6 3,569 3,438 3,392 3,222 10.8

  Fabricated metal products......................... 86,605 86,130 85,489 0.6 0.7 0.6 84,979 83,564 83,806 78,734 7.9

  Machinery.............................................. 105,483 105,593 105,921 ‐0.1 ‐0.3 ‐0.2 105,473 103,800 105,141 103,338 2.1

      Construction machinery......................... 6,314 6,475 6,587 ‐2.5 ‐1.7 ‐0.3 6,558 6,361 6,438 6,422 2.1

      Mining, oil field, and

          gas field machinery.......................... 4,160 4,247 4,358 ‐2.0 ‐2.5 ‐0.2 4,120 4,206 4,422 4,554 ‐9.5

      Industrial machinery............................. 8,469 8,423 8,654 0.5 ‐2.7 ‐0.4 8,464 8,106 8,529 8,650 ‐2.2

      Photographic equipment........................ 1,496 1,516 1,495 ‐1.3 1.4 ‐0.5 1,584 1,590 1,525 1,845 ‐14.1

      Ventilation, heating, air‐conditioning,

          and refrigeration equipment................ 8,033 7,388 7,355 8.7 0.4 0.6 7,978 7,109 7,188 6,345 25.7

      Metalworking machinery........................ 7,503 7,567 7,666 ‐0.8 ‐1.3 ‐2.6 7,429 7,338 7,553 8,009 ‐7.2

      Turbines, generators, and other        

          power transmission equipment............ 28,662 28,800 29,109 ‐0.5 ‐1.1 ‐0.7 28,665 28,753 29,143 29,848 ‐4.0

      Material handling equipment................... 13,137 13,208 13,096 ‐0.5 0.9 0.3 13,058 13,069 12,729 11,540 13.2

  Computers and electronic products2............. 117,715 117,638 117,261 0.1 0.3 0.5 117,412 117,043 116,031 112,924 4.0

      Computers......................................... 2,234 2,195 2,191 1.8 0.2 2.8 2,234 2,195 2,191 1,885 18.5

      Nondefense communications

          equipment...................................... 25,032 25,036 25,203 0.0 ‐0.7 0.4 24,783 24,758 24,993 23,769 4.3

      Defense communications equipment........ 1,314 1,363 1,408 ‐3.6 ‐3.2 ‐1.3 1,269 1,335 1,379 1,426 ‐11.0

      Electronic components.......................... 13,013 12,938 12,883 0.6 0.4 1.2 13,124 12,796 12,606 12,160 7.9

      Nondefense search and navigation

          equipment....................................... 20,119 20,022 19,792 0.5 1.2 0.2 19,991 19,861 19,982 19,157 4.4

      Defense search and navigation

          equipment....................................... 27,977 28,038 27,593 ‐0.2 1.6 0.9 27,910 28,066 27,060 26,863 3.9

      Electromedical, measuring,

          and control instruments...................... 28,026 28,046 28,191 ‐0.1 ‐0.5 0.0 28,101 28,032 27,820 27,664 1.6

  Electrical equipment, appliances,        

    and components.................................... 19,419 19,484 19,711 ‐0.3 ‐1.2 ‐0.6 19,326 18,955 19,235 19,240 0.4

      Electric lighting equipment..................... 1,409 1,411 1,411 ‐0.1 0.0 0.4 1,390 1,351 1,398 1,395 ‐0.4

      Household appliances........................... 1,175 1,274 1,357 ‐7.8 ‐6.1 ‐3.6 1,205 1,215 1,329 1,322 ‐8.9

      Electrical equipment............................. 7,857 7,795 7,706 0.8 1.2 0.1 7,899 7,654 7,599 7,840 0.8

  Transportation equipment......................... 811,613 810,712 812,122 0.1 ‐0.2 ‐0.3 814,879 816,577 807,833 783,869 4.0

      Motor vehicle bodies, parts,       

          and trailers...................................... 27,292 27,050 27,041 0.9 0.0 0.1 27,365 27,192 26,269 26,342 3.9

      Nondefense aircraft and parts................ 596,478 594,212 595,641 0.4 ‐0.2 ‐0.8 598,595 598,188 593,001 590,130 1.4

      Defense aircraft and parts..................... 81,276 81,883 82,157 ‐0.7 ‐0.3 2.7 82,099 82,189 81,236 71,845 14.3

      Ships and boats.................................. 28,934 29,389 29,490 ‐1.5 ‐0.3 1.2 29,027 29,504 30,221 25,908 12.0

  Furniture and related products................... 8,897 8,832 8,812 0.7 0.2 ‐1.3 8,201 8,069 8,758 8,026 2.2

p Preliminary

r

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

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

latest annual review of the model  parameters. Estimates are not adjusted for price changes.         2 Data on unfilled orders are not available for the semiconductor industry.  Estimates and percent changes for unfilled orders exclude semiconductor industry data.      

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

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

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

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, January Full Report, March 19, 2019.  Information on data sources and methodology can be found on our website at

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

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

Seasonally Adjusted Not Seasonally Adjusted

Monthly Percent Change Monthly % Change

Industry January

Jan. Dec. Nov. Dec. ‐ Nov. ‐ Oct. ‐ Jan. Dec. Nov. Jan. 2019/

2019p 2018r 2018 Jan. Dec. Nov. 2019p 2018r 2018 2018 2018

  All manufacturing industries...................... 685,681 682,052 681,661 0.5 0.1 ‐0.1 684,209 666,065 682,239 660,215 3.6

      Excluding transportation........................ 553,117 550,697 550,236 0.4 0.1 ‐0.1 551,575 538,299 550,381 532,054 3.7

      Excluding defense............................. 658,355 655,051 654,417 0.5 0.1 ‐0.1 657,038 639,215 655,085 633,549 3.7

      With unfilled orders............................. 339,772 338,328 336,924 0.4 0.4 0.4 338,810 329,705 337,394 322,695 5.0

  Durable goods industries........................ 417,215 415,341 414,011 0.5 0.3 0.5 416,919 404,973 414,315 397,366 4.9

  Wood products........................................ 12,404 12,454 12,430 ‐0.4 0.2 0.3 12,742 12,423 12,403 12,255 4.0

  Nonmetallic mineral products..................... 14,950 14,952 14,868 0.0 0.6 0.5 14,978 14,681 14,465 14,031 6.7

  Primary metals......................................... 36,590 36,556 36,273 0.1 0.8 1.3 36,630 36,359 36,062 33,671 8.8

      Iron and steel mills............................... 20,998 21,013 20,714 ‐0.1 1.4 2.2 21,100 21,040 20,598 19,143 10.2

      Aluminum and nonferrous metals............ 13,491 13,457 13,471 0.3 ‐0.1 0.2 13,400 13,291 13,386 12,550 6.8

      Ferrous metal foundries........................ 2,101 2,086 2,088 0.7 ‐0.1 0.0 2,130 2,028 2,078 1,978 7.7

  Fabricated metal products......................... 54,713 54,657 54,559 0.1 0.2 0.5 54,641 53,795 54,136 50,897 7.4

  Machinery.............................................. 70,889 70,529 70,082 0.5 0.6 0.4 70,664 68,188 70,936 66,642 6.0

      Farm machinery.................................. 3,878 3,793 3,762 2.2 0.8 ‐2.0 4,045 3,911 3,849 3,705 9.2

      Construction machinery......................... 5,810 5,723 5,588 1.5 2.4 1.3 5,794 5,558 5,581 5,456 6.2

      Mining, oil field,   

          and gas field machinery.................... 5,430 5,431 5,493 0.0 ‐1.1 ‐0.4 5,457 5,300 5,509 5,421 0.7

      Industrial machinery............................. 8,274 8,322 8,247 ‐0.6 0.9 ‐2.4 8,087 8,155 8,341 7,931 2.0

      Photographic equipment....................... 1,743 1,722 1,695 1.2 1.6 ‐0.3 1,759 1,661 1,723 1,650 6.6

      Ventilation, heating, air‐conditioning,

          and refrigeration equipment............... 5,419 5,282 5,181 2.6 1.9 2.2 5,287 4,777 5,082 4,711 12.2

      Metalworking machinery........................ 5,939 5,995 5,997 ‐0.9 0.0 0.5 5,894 5,884 6,070 5,806 1.5

      Turbines, generators, and other

          power transmission equipment............ 10,110 9,961 9,902 1.5 0.6 2.9 10,005 9,308 10,154 9,331 7.2

      Material handling equipment.................. 5,800 5,865 5,954 ‐1.1 ‐1.5 0.7 5,675 5,465 6,145 5,460 3.9

  Computers and electronic products2

............ 43,234 43,305 43,303 ‐0.2 0.0 0.4 42,762 41,733 43,492 42,428 0.8

      Computers......................................... 1,497 1,507 1,478 ‐0.7 2.0 1.9 1,508 1,401 1,463 1,570 ‐3.9

      Computer storage devices.................... 1,045 1,093 1,081 ‐4.4 1.1 5.0 1,018 1,036 1,125 1,022 ‐0.4

      Other peripheral equipment................... 1,148 1,172 1,178 ‐2.0 ‐0.5 0.1 1,134 1,097 1,216 1,114 1.8

      Nondefense communications

          equipment...................................... 4,788 4,745 4,778 0.9 ‐0.7 ‐0.1 4,721 4,498 4,932 4,580 3.1

      Defense communications equipment........ 670 642 649 4.4 ‐1.1 0.0 670 642 649 654 2.4

      Audio and video equipment.................... 626 614 577 2.0 6.4 3.0 628 592 603 558 12.5

      Electronic components.......................... 7,143 7,183 7,173 ‐0.6 0.1 ‐1.0 7,215 6,956 7,076 7,355 ‐1.9

      Nondefense search and navigation

          equipment...................................... 2,641 2,625 2,596 0.6 1.1 0.9 2,642 2,557 2,568 2,565 3.0

      Defense search and navigation

          equipment....................................... 2,576 2,593 2,603 ‐0.7 ‐0.4 ‐0.6 2,569 2,488 2,566 2,579 ‐0.4

      Electromedical, measuring        

          and control instruments...................... 15,598 15,599 15,404 0.0 1.3 0.5 15,264 15,091 15,586 14,721 3.7

  Electrical equipment, appliances,        

    and components.................................... 19,835 19,678 19,460 0.8 1.1 1.0 19,812 18,803 19,152 18,160 9.1

      Electric lighting equipment..................... 2,267 2,261 2,250 0.3 0.5 0.7 2,299 2,166 2,214 2,224 3.4

      Household appliances........................... 2,814 2,808 2,813 0.2 ‐0.2 1.3 2,796 2,528 2,715 2,793 0.1

      Electrical equipment............................. 5,639 5,571 5,469 1.2 1.9 2.0 5,698 5,351 5,445 5,051 12.8

      Batteries............................................ 1,847 1,823 1,781 1.3 2.4 0.2 1,761 1,685 1,694 1,764 ‐0.2

  Transportation equipment......................... 132,564 131,355 131,425 0.9 ‐0.1 0.2 132,634 127,766 131,858 128,161 3.5

      Automobiles....................................... 4,296 4,106 4,237 4.6 ‐3.1 4.1 4,388 3,910 4,248 3,933 11.6

      Light trucks and utility vehicles.............. 4,707 4,504 4,597 4.5 ‐2.0 1.4 4,835 4,040 4,726 4,454 8.6

      Heavy duty trucks ............................... 2,214 2,249 2,266 ‐1.6 ‐0.8 1.1 2,230 2,090 2,184 1,928 15.7

      Motor vehicle bodies, parts,       

          and trailers...................................... 26,192 26,070 25,896 0.5 0.7 0.5 26,495 25,704 25,803 25,555 3.7

      Nondefense aircraft and parts................ 66,870 66,499 66,385 0.6 0.2 ‐0.5 66,614 64,333 66,875 65,088 2.3

      Defense aircraft and parts..................... 13,327 12,919 13,237 3.2 ‐2.4 0.2 13,278 12,814 13,273 12,813 3.6

      Ships and boats.................................. 3,015 3,001 2,922 0.5 2.7 0.5 2,976 2,998 2,900 2,916 2.1

  Furniture and related products.................... 8,076 8,031 7,966 0.6 0.8 0.3 8,111 7,796 7,939 7,934 2.2

  Miscellaneous durable goods..................... 23,960 23,824 23,645 0.6 0.8 0.5 23,945 23,429 23,872 23,187 3.3

  Nondurable goods industries...................... 268,466 266,711 267,650 0.7 ‐0.4 ‐0.9 267,290 261,092 267,924 262,849 1.7

  Food products........................................ 53,917 53,745 53,400 0.3 0.6 ‐0.3 53,549 53,313 55,272 54,134 ‐1.1

      Grain and oilseed milling........................ 5,117 4,993 4,984 2.5 0.2 ‐3.1 5,233 5,155 5,176 5,549 ‐5.7

      Dairy products.................................... 7,623 7,666 7,621 ‐0.6 0.6 0.6 7,417 7,227 7,292 7,381 0.5

      Meat, poultry, and seafood products....... 9,274 9,241 9,046 0.4 2.2 ‐1.7 9,059 8,937 9,204 8,999 0.7

  Beverage and tobacco products................ 24,665 24,835 24,592 ‐0.7 1.0 0.2 25,121 24,977 24,812 24,767 1.4

      Beverages......................................... 20,151 20,281 20,062 ‐0.6 1.1 0.2 20,366 20,210 20,079 19,800 2.9

      Tobacco............................................ 4,514 4,554 4,530 ‐0.9 0.5 0.2 4,755 4,767 4,733 4,967 ‐4.3

  Textile mills............................................ 3,499 3,473 3,377 0.7 2.8 1.2 3,508 3,429 3,336 3,188 10.0

  Textile products...................................... 3,578 3,560 3,535 0.5 0.7 0.9 3,604 3,483 3,512 3,413 5.6

  Apparel................................................. 1,932 1,941 1,960 ‐0.5 ‐1.0 ‐0.5 1,938 1,820 1,887 1,905 1.7

  Leather and allied products....................... 823 832 818 ‐1.1 1.7 2.0 816 815 806 760 7.4

  Paper products....................................... 16,383 16,242 16,069 0.9 1.1 0.4 16,460 16,157 15,897 15,936 3.3

      Pulp, paper, and paperboard mills........... 6,759 6,659 6,599 1.5 0.9 0.9 6,797 6,675 6,508 6,558 3.6

      Paperboard containers......................... 5,060 5,050 4,984 0.2 1.3 ‐0.4 5,081 5,057 4,937 4,985 1.9

  Printing.................................................. 5,700 5,639 5,569 1.1 1.3 1.2 5,581 5,491 5,587 5,293 5.4

  Petroleum and coal products..................... 39,245 37,930 39,723 3.5 ‐4.5 ‐7.4 37,919 36,399 39,417 40,010 ‐5.2

      Petroleum refineries............................. 33,326 32,075 33,842 3.9 ‐5.2 ‐8.5 31,925 30,606 33,672 34,964 ‐8.7

  Chemical products..................................... 91,352 91,185 91,356 0.2 ‐0.2 0.7 91,412 88,571 90,392 87,521 4.4

      Pesticides, fertilizers, and other

          agricultural chemicals........................ 4,761 4,658 4,570 2.2 1.9 2.3 5,195 4,758 4,505 4,763 9.1

      Pharmaceuticals and medicines.............. 37,230 37,277 37,600 ‐0.1 ‐0.9 1.4 36,950 35,797 37,251 35,396 4.4

      Paints, coatings, and adhesives.............. 3,978 3,969 3,953 0.2 0.4 ‐0.8 3,991 3,813 3,816 3,855 3.5

  Plastics and rubber products..................... 27,372 27,329 27,251 0.2 0.3 0.3 27,382 26,637 27,006 25,922 5.6

p Preliminary

r Revised data due to late receipts and concurrent seasonal adjustment.   1

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

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

Estimates are not adjusted for price changes.        2 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 19, 2019.  Information on data sources and methodology can be found on our website at

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

               Topical Series1, 2

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

Seasonally Adjusted Not Seasonally Adjusted

Monthly Percent Change Monthly Year to date

Industry % Change6

Jan. Dec. Nov. Dec. ‐ Nov. ‐ Oct. ‐ Jan. Dec. Nov. Jan. 2019/

2019p 2018r 2018 Jan. Dec. Nov. 2019p 2018r 2018 2018 2019p 2018 2018

SHIPMENTS

  All manufacturing industries......................... 503,052 504,890 505,772 ‐0.4 ‐0.2 ‐0.5 466,791 490,076 495,901 453,777 466,791 453,777 2.9

    Construction materials and supplies....... 52,069 52,000 51,531 0.1 0.9 ‐0.2 46,113 45,132 48,893 44,423 46,113 44,423 3.8

    Information technology......................... 25,497 25,395 25,286 0.4 0.4 0.4 21,678 29,173 24,874 20,111 21,678 20,111 7.8

    Computers and related products........... 1,857 1,764 1,863 5.3 ‐5.3 ‐2.9 1,487 2,337 1,742 1,469 1,487 1,469 1.2

    Motor vehicle and parts......................... 61,528 62,170 60,872 ‐1.0 2.1 0.2 56,847 55,076 60,402 51,938 56,847 51,938 9.5

    Capital goods......................................      91,358 92,202 91,546 ‐0.9 0.7 2.0 78,635 101,306 89,642 74,285 78,635 74,285 5.9

      Nondefense capital goods3

.................. 78,399 79,634 79,557 ‐1.6 0.1 2.4 67,994 87,373 76,718 65,020 67,994 65,020 4.6

        Excluding aircraft............................. 69,491 68,928 68,865 0.8 0.1 ‐0.2 62,043 72,883 66,215 59,454 62,043 59,454 4.4

      Defense capital goods4........................ 12,959 12,568 11,989 3.1 4.8 ‐0.8 10,641 13,933 12,924 9,265 10,641 9,265 14.9

    Consumer goods.................................. 207,999 209,168 211,062 ‐0.6 ‐0.9 ‐2.4 197,044 204,120 210,872 195,468 197,044 195,468 0.8

      Consumer durable goods..................... 44,365 45,060 44,109 ‐1.5 2.2 0.0 40,225 42,394 44,166 37,020 40,225 37,020 8.7

      Consumer nondurable goods................ 163,634 164,108 166,953 ‐0.3 ‐1.7 ‐3.0 156,819 161,726 166,706 158,448 156,819 158,448 ‐1.0

  All manufacturing industries5

...................... 500,479 500,140 499,551 0.1 0.1 ‐0.5 464,459 494,142 489,476 447,613 464,459 447,613 3.8

    Construction materials and supplies....... 52,557 52,496 52,001 0.1 1.0 ‐0.2 47,190 44,888 48,886 45,422 47,190 45,422 3.9

    Information technology......................... 25,453 25,505 25,620 ‐0.2 ‐0.4 ‐1.2 21,810 29,886 24,723 20,257 21,810 20,257 7.7

    Computers and related products........... 1,896 1,768 1,922 7.2 ‐8.0 ‐1.3 1,526 2,341 1,801 1,476 1,526 1,476 3.4

    Motor vehicle and parts......................... 61,770 62,179 60,903 ‐0.7 2.1 0.1 57,020 55,999 60,785 51,773 57,020 51,773 10.1

    Capital goods......................................      92,916 91,203 89,263 1.9 2.2 2.8 79,804 107,454 87,418 70,991 79,804 70,991 12.4

      Nondefense capital goods3

.................. 80,367 78,396 75,002 2.5 4.5 0.2 69,848 90,465 72,659 64,349 69,848 64,349 8.5

        Excluding aircraft............................. 68,860 68,335 68,895 0.8 ‐0.8 ‐1.1 63,495 70,839 65,658 61,498 63,495 61,498 3.2

      Defense capital goods4

........................ 12,549 12,807 14,261 ‐2.0 ‐10.2 18.7 9,956 16,989 14,759 6,642 9,956 6,642 49.9

    Consumer goods.................................. 207,903 209,017 210,937 ‐0.5 ‐0.9 ‐2.4 197,170 203,729 210,815 195,830 197,170 195,830 0.7

      Consumer durable goods..................... 44,269 44,909 43,984 ‐1.4 2.1 ‐0.1 40,351 42,003 44,109 37,382 40,351 37,382 7.9

      Consumer nondurable goods.............. 163,634 164,108 166,953 ‐0.3 ‐1.7 ‐3.0 156,819 161,726 166,706 158,448 156,819 158,448 ‐1.0

  All manufacturing industries5

...................... 1,181,929 1,180,503 1,181,196 0.1 ‐0.1 ‐0.2 1,182,054 1,179,634 1,171,857 1,135,125 (X) (X) 4.1

    Construction materials and supplies....... 60,264 59,776 59,280 0.8 0.8 0.8 58,882 57,805 58,049 53,570 (X) (X) 9.9

    Information technology......................... 115,176 115,220 115,110 0.0 0.1 0.3 114,704 114,572 113,859 111,292 (X) (X) 3.1

    Computers and related products........... 2,234 2,195 2,191 1.8 0.2 2.8 2,234 2,195 2,191 1,885 (X) (X) 18.5

    Motor vehicle and parts......................... 27,292 27,050 27,041 0.9 0.0 0.1 27,365 27,192 26,269 26,342 (X) (X) 3.9

    Capital goods......................................      867,125 865,567 866,566 0.2 ‐0.1 ‐0.3 868,366 867,197 861,049 845,799 (X) (X) 2.7

      Nondefense capital goods3

.................. 711,031 709,063 710,301 0.3 ‐0.2 ‐0.6 711,274 709,420 706,328 702,141 (X) (X) 1.3

        Excluding aircraft............................. 222,072 222,703 223,296 ‐0.3 ‐0.3 0.0 220,797 219,345 221,389 216,534 (X) (X) 2.0

      Defense capital goods4

........................ 156,094 156,504 156,265 ‐0.3 0.2 1.5 157,092 157,777 154,721 143,658 (X) (X) 9.4

    Consumer goods.................................. 4,605 4,701 4,852 ‐2.0 ‐3.1 ‐2.5 4,612 4,486 4,877 5,173 (X) (X) ‐10.8

      Consumer durable goods..................... 4,605 4,701 4,852 ‐2.0 ‐3.1 ‐2.5 4,612 4,486 4,877 5,173 (X) (X) ‐10.8

  All manufacturing industries....................... 685,681 682,052 681,661 0.5 0.1 ‐0.1 684,209 666,065 682,239 660,215 (X) (X) 3.6

    Construction materials and supplies....... 74,370 74,240 73,891 0.2 0.5 0.4 74,586 72,636 72,780 69,437 (X) (X) 7.4

    Information technology......................... 39,845 39,769 39,426 0.2 0.9 0.5 39,415 38,382 39,772 37,586 (X) (X) 4.9

    Computers and related products........... 3,690 3,772 3,737 ‐2.2 0.9 2.2 3,660 3,534 3,804 3,706 (X) (X) ‐1.2

    Motor vehicle and parts......................... 37,409 36,929 36,996 1.3 ‐0.2 1.0 37,948 35,744 36,961 35,870 (X) (X) 5.8

    Capital goods......................................      205,909 204,647 203,906 0.6 0.4 0.2 204,477 198,326 205,496 195,508 (X) (X) 4.6

      Nondefense capital goods3

.................. 182,950 181,993 181,009 0.5 0.5 0.2 181,624 175,718 182,725 173,149 (X) (X) 4.9

        Excluding aircraft............................. 127,980 127,432 126,560 0.4 0.7 0.5 127,000 123,310 127,846 120,262 (X) (X) 5.6

      Defense capital goods4........................ 22,959 22,654 22,897 1.3 ‐1.1 0.4 22,853 22,608 22,771 22,359 (X) (X) 2.2

    Consumer goods.................................. 200,753 199,054 200,607 0.9 ‐0.8 ‐1.1 199,903 194,382 202,194 199,100 (X) (X) 0.4

      Consumer durable goods..................... 30,829 30,486 30,617 1.1 ‐0.4 1.2 31,452 29,290 30,810 30,138 (X) (X) 4.4

      Consumer nondurable goods................ 169,924 168,568 169,990 0.8 ‐0.8 ‐1.5 168,451 165,092 171,384 168,962 (X) (X) ‐0.3

NEW ORDERS

UNFILLED ORDERS

TOTAL INVENTORIES

X

  Not Applicable p Preliminary

r

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

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

are not adjusted for price changes.         2

Topical series are regroupings of the separate industry categories.     3 Nondefense capital goods industries include: small arms and ordnance; farm machinery and equipment; construction machinery; mining, oil, and gas field machinery; industrial machinery; vending, laundry, and other machinery; photographic equipment;

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

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

boats; office and institutional furniture; and medical equipment and supplies.         4 Defense capital goods industries include:  small arms and ordnance; communications equipment; aircraft; missiles, space vehicles, and parts; ships and boats; and search and navigation equipment. 5

Estimates and percent changes exclude semiconductor industry data.      6 Based on year‐to‐date for shipments and new orders, but on same month prior year for unfilled orders and inventories.           

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

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

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, January Full Report, March 19, 2019.  Information on data sources and methodology can be found on our website at

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

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

Seasonally Adjusted Not Seasonally Adjusted

Monthly Percent Change Monthly % Change

Industry January

Jan. Dec. Nov. Dec. ‐ Nov. ‐ Oct. ‐ Jan. Dec. Nov. Jan. 2019/

2019p 2018r 2018 Jan. Dec. Nov. 2019p 2018r 2018 2018 2018

MATERIALS AND SUPPLIES

  All manufacturing industries....................... 239,090 237,606 237,342 0.6 0.1 0.2 239,407 235,121 237,052 223,994 6.9

    Durable goods industries.......................... 146,632 145,768 145,226 0.6 0.4 0.7 146,923 144,340 145,182 134,223 9.5

      Wood products................................... 5,225 5,234 5,204 ‐0.2 0.6 0.9 5,475 5,385 5,301 5,143 6.5

      Nonmetallic mineral products................. 6,066 6,017 5,979 0.8 0.6 0.5 6,063 5,979 5,928 5,672 6.9

      Primary metals.................................... 13,430 13,234 13,099 1.5 1.0 1.2 13,561 13,368 13,243 12,274 10.5

      Fabricated metal products..........................       20,701 20,812 20,793 ‐0.5 0.1 0.5 20,739 20,795 20,655 18,755 10.6

      Machinery.......................................... 29,131 28,861 28,481 0.9 1.3 0.6 29,046 28,175 28,603 25,660 13.2

      Computers and electronic products........ 18,997 19,003 19,177 0.0 ‐0.9 0.8 18,881 18,605 19,157 17,526 7.7

      Electrical equipment, appliances,

         and components............................... 8,456 8,370 8,295 1.0 0.9 0.3 8,441 8,192 8,178 7,386 14.3

      Transportation equipment..................... 32,628 32,318 32,319 1.0 0.0 1.0 32,668 32,045 32,250 30,165 8.3

      Furniture and related products............... 4,007 3,936 3,919 1.8 0.4 ‐0.1 4,046 3,897 3,892 3,907 3.6

      Miscellaneous products......................... 7,991 7,983 7,960 0.1 0.3 1.0 8,003 7,899 7,975 7,735 3.5

   Nondurable goods industries...................... 92,458 91,838 92,116 0.7 ‐0.3 ‐0.7 92,484 90,781 91,870 89,771 3.0

      Food  products.................................... 17,694 17,569 17,478 0.7 0.5 ‐0.7 17,853 17,721 17,992 17,676 1.0

      Beverage and tobacco products........................ 6,013 5,987 5,984 0.4 0.1 0.2 6,195 6,092 6,131 6,050 2.4

      Textiles.............................................. 1,193 1,198 1,187 ‐0.4 0.9 1.8 1,192 1,191 1,171 1,081 10.3

      Textile products................................... 1,357 1,335 1,326 1.6 0.7 1.1 1,356 1,326 1,318 1,299 4.4

      Apparel............................................. 525 517 517 1.5 0.0 1.6 525 501 504 486 8.0

      Leather and allied products.................... 281 281 279 0.0 0.7 2.6 278 283 274 237 17.3

      Paper products.................................... 8,193 8,211 8,082 ‐0.2 1.6 ‐0.6 8,268 8,222 8,031 8,014 3.2

      Printing ............................................. 2,907 2,904 2,888 0.1 0.6 0.7 2,864 2,852 2,900 2,705 5.9

      Petroleum and coal products................. 11,113 11,104 11,614 0.1 ‐4.4 ‐5.9 10,600 10,489 11,333 11,535 ‐8.1

      Chemical products................................ 31,737 31,262 31,230 1.5 0.1 0.4 31,823 30,830 30,758 29,771 6.9

      Plastics and rubber products.................. 11,445 11,470 11,531 ‐0.2 ‐0.5 0.0 11,530 11,274 11,458 10,917 5.6

WORK IN PROCESS

  All manufacturing industries....................... 208,093 207,221 207,416 0.4 ‐0.1 ‐0.4 207,165 201,529 208,164 203,306 1.9

    Durable goods industries.......................... 152,409 152,010 152,042 0.3 0.0 0.0 151,766 147,093 152,363 149,204 1.7

      Wood products................................... 2,194 2,229 2,261 ‐1.6 ‐1.4 ‐0.9 2,221 2,179 2,227 2,166 2.5

      Nonmetallic mineral products................. 1,588 1,590 1,595 ‐0.1 ‐0.3 0.7 1,598 1,519 1,518 1,566 2.0

      Primary metals.................................... 10,564 10,765 10,788 ‐1.9 ‐0.2 0.9 10,437 10,390 10,696 9,837 6.1

      Fabricated metal products..........................       14,087 14,004 13,875 0.6 0.9 0.0 13,991 13,677 13,915 13,300 5.2

      Machinery.......................................... 18,342 18,308 18,205 0.2 0.6 ‐0.7 18,094 17,307 18,751 18,257 ‐0.9

      Computers and electronic products........ 12,324 12,406 12,524 ‐0.7 ‐0.9 ‐0.2 12,116 11,757 12,399 13,002 ‐6.8

      Electrical equipment, appliances,

         and components............................... 4,175 4,208 4,164 ‐0.8 1.1 1.9 4,176 3,999 4,078 3,793 10.1

      Transportation equipment..................... 83,925 83,316 83,450 0.7 ‐0.2 ‐0.1 83,922 81,214 83,581 82,280 2.0

      Furniture and related products............... 1,358 1,358 1,364 0.0 ‐0.4 1.3 1,371 1,344 1,355 1,384 ‐0.9

      Miscellaneous products......................... 3,852 3,826 3,816 0.7 0.3 0.4 3,840 3,707 3,843 3,619 6.1

   Nondurable goods industries...................... 55,684 55,211 55,374 0.9 ‐0.3 ‐1.4 55,399 54,436 55,801 54,102 2.4

      Food  products.................................... 6,005 5,838 5,890 2.9 ‐0.9 1.8 6,301 6,365 6,807 6,692 ‐5.8

      Beverage and tobacco products........................ 9,503 9,513 9,436 ‐0.1 0.8 0.8 9,869 9,900 9,657 9,493 4.0

      Textiles.............................................. 745 733 724 1.6 1.2 ‐0.5 742 713 723 699 6.2

      Textile products................................... 429 435 424 ‐1.4 2.6 ‐0.5 431 415 425 418 3.1

      Apparel............................................. 337 340 338 ‐0.9 0.6 ‐0.9 329 309 324 318 3.5

      Leather and allied products.................... 79 80 79 ‐1.3 1.3 ‐1.3 79 78 79 75 5.3

      Paper products.................................... 1,359 1,336 1,305 1.7 2.4 0.1 1,352 1,310 1,293 1,249 8.2

      Printing ............................................. 1,210 1,194 1,172 1.3 1.9 1.7 1,176 1,140 1,179 1,070 9.9

      Petroleum and coal products................. 12,598 11,653 12,088 8.1 ‐3.6 ‐10.2 11,833 10,783 11,771 12,102 ‐2.2

      Chemical products................................ 20,191 20,867 20,688 ‐3.2 0.9 2.0 20,069 20,305 20,306 18,978 5.7

      Plastics and rubber products.................. 3,228 3,222 3,230 0.2 ‐0.2 ‐0.3 3,218 3,118 3,237 3,008 7.0

FINISHED GOODS

  All manufacturing industries....................... 238,498 237,225 236,903 0.5 0.1 0.0 237,637 229,415 237,023 232,915 2.0

    Durable goods industries.......................... 118,174 117,563 116,743 0.5 0.7 0.8 118,230 113,540 116,770 113,939 3.8

      Wood products................................... 4,985 4,991 4,965 ‐0.1 0.5 0.2 5,046 4,859 4,875 4,946 2.0

      Nonmetallic mineral products................. 7,296 7,345 7,294 ‐0.7 0.7 0.4 7,317 7,183 7,019 6,793 7.7

      Primary metals.................................... 12,596 12,557 12,386 0.3 1.4 1.8 12,632 12,601 12,123 11,560 9.3

      Fabricated metal products..........................       19,925 19,841 19,891 0.4 ‐0.3 0.8 19,911 19,323 19,566 18,842 5.7

      Machinery.......................................... 23,416 23,360 23,396 0.2 ‐0.2 1.1 23,524 22,706 23,582 22,725 3.5

      Computers and electronic products........ 11,913 11,896 11,602 0.1 2.5 0.5 11,765 11,371 11,936 11,900 ‐1.1

      Electrical equipment, appliances,

         and components............................... 7,204 7,100 7,001 1.5 1.4 1.3 7,195 6,612 6,896 6,981 3.1

      Transportation equipment..................... 16,011 15,721 15,656 1.8 0.4 0.1 16,044 14,507 16,027 15,716 2.1

      Furniture and related products............... 2,711 2,737 2,683 ‐0.9 2.0 0.3 2,694 2,555 2,692 2,643 1.9

      Miscellaneous products......................... 12,117 12,015 11,869 0.8 1.2 0.2 12,102 11,823 12,054 11,833 2.3

   Nondurable goods industries...................... 120,324 119,662 120,160 0.6 ‐0.4 ‐0.7 119,407 115,875 120,253 118,976 0.4

      Food  products.................................... 30,218 30,338 30,032 ‐0.4 1.0 ‐0.4 29,395 29,227 30,473 29,766 ‐1.2

      Beverage and tobacco products........................ 9,149 9,335 9,172 ‐2.0 1.8 ‐0.4 9,057 8,985 9,024 9,224 ‐1.8

      Textiles.............................................. 1,561 1,542 1,466 1.2 5.2 1.5 1,574 1,525 1,442 1,408 11.8

      Textile products................................... 1,792 1,790 1,785 0.1 0.3 1.2 1,817 1,742 1,769 1,696 7.1

      Apparel............................................. 1,070 1,084 1,105 ‐1.3 ‐1.9 ‐1.3 1,084 1,010 1,059 1,101 ‐1.5

      Leather and allied products.................... 463 471 460 ‐1.7 2.4 2.2 459 454 453 448 2.5

      Paper products.................................... 6,831 6,695 6,682 2.0 0.2 1.6 6,840 6,625 6,573 6,673 2.5

      Printing ............................................. 1,583 1,541 1,509 2.7 2.1 1.8 1,541 1,499 1,508 1,518 1.5

      Petroleum and coal products................. 15,534 15,173 16,021 2.4 ‐5.3 ‐6.3 15,486 15,127 16,313 16,373 ‐5.4

      Chemical products................................ 39,424 39,056 39,438 0.9 ‐1.0 0.3 39,520 37,436 39,328 38,772 1.9

      Plastics and rubber products.................. 12,699 12,637 12,490 0.5 1.2 0.7 12,634 12,245 12,311 11,997 5.3

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.     

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 19, 2019.  Information on data sources and methodology can be found on our website at

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

             to Shipments, by Industry Group 1

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

Inventory/Shipments ratio Unfilled Orders/Shipments ratio2

Industry Jan Dec Nov Oct Jan Dec Nov Oct

2019p 2018r 2018 2018 2019p 2018r 2018 2018

All manufacturing industries3

.................................... 1.36 1.35 1.35 1.34 (X) (X) (X) (X)

Durable goods industries3

........................................ 1.62 1.60 1.61 1.62 6.57 6.55 6.58 6.68

  Wood products........................................................... 1.37 1.37 1.37 1.35 (X) (X) (X) (X)

  Nonmetallic mineral products............................. 1.35 1.35 1.36 1.35 (X) (X) (X) (X)

  Primary metals............................................................ 1.72 1.70 1.66 1.65 1.49 1.47 1.43 1.45

  Fabricated metal products...................................... 1.62 1.62 1.63 1.64 2.64 2.62 2.63 2.64

  Machinery..................................................................... 2.13 2.14 2.13 2.11 3.54 3.59 3.59 3.59

  Computers and electronic products3

................... 1.56 1.56 1.56 1.57 5.35 5.35 5.37 5.39

  Electrical equipment, appliances,

      and components.................................................... 1.73 1.72 1.71 1.67 1.83 1.85 1.88 1.87

  Transportation equipment..................................... 1.47 1.44 1.46 1.50 14.36 14.18 14.35 14.92

  Furniture and related products............................ 1.22 1.20 1.22 1.21 1.50 1.49 1.52 1.53

  Miscellaneous products.......................................... 1.77 1.75 1.73 1.70 (X) (X) (X) (X)

Nondurable goods industries................................... 1.10 1.09 1.08 1.07 (X) (X) (X) (X)

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

  Beverage and tobacco products........................... 1.98 1.98 1.94 1.93 (X) (X) (X) (X)

  Textiles.......................................................................... 1.41 1.39 1.35 1.33 (X) (X) (X) (X)

  Textile products......................................................... 1.53 1.49 1.49 1.47 (X) (X) (X) (X)

  Apparel........................................................................ 1.97 1.97 2.00 1.99 (X) (X) (X) (X)

  Leather and allied products................................ 1.91 1.97 1.98 2.00 (X) (X) (X) (X)

  Paper products.......................................................... 1.02 1.01 1.00 0.99 (X) (X) (X) (X)

  Printing........................................................................ 0.85 0.85 0.83 0.82 (X) (X) (X) (X)

  Petroleum and coal products............................... 0.78 0.75 0.75 0.73 (X) (X) (X) (X)

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

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

Jan3 Jan3 Jan3 Jan3

Industry 2018‐ 2018‐ 2018‐ 2018‐

Jan2 Dec Jan2 Dec Jan2 Dec Jan2 Dec

2019 2018 2019 2018 2019 2018 2019 2018

          

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

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

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

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

  Primary metals............................................. ‐0.6 0.3 ‐0.5 0.8 0.1 0.3 0.2 0.3

  Fabricated metal products.................... ‐0.5 0.3 ‐0.6 0.6 0.0 0.2 0.0 0.2

  Machinery...................................................... 0.2 0.3 0.1 0.8 0.0 0.2 0.0 0.2

  Computers and electronic products..... 0.0 0.3 0.4 0.6 0.1 0.1 0.1 0.1

  Electrical equipment, appliances,

      and components..................................... ‐0.1 0.4 ‐0.3 0.7 ‐0.2 0.2 0.2 0.3

  Transportation equipment.................... 0.1 0.3 0.0 0.7 0.0 0.1 0.0 0.0

  Furniture and related products............. (X) 0.5 (X) 0.8 (X) 0.7 (X) 0.4

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

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

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

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

  Textiles.......................................................... (X) 0.4 (X) (NA) (X) (NA) (X) 0.2

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

  Apparel......................................................... (X) 0.4 (X) (NA) (X) (NA) (X) 0.6

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

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

  Printing.......................................................... (X) 0.4 (X) (NA) (X) (NA) (X) 0.4

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

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

  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 19, 2019. Information on data

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

X  Not Applicable  

NA  Not Available          1 Estimates of shipments and new orders are for the duration of the period, while estimates of unfilled orders and total inventories  are for the

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

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

based on the results of the latest annual review of the model parameters. Estimates are not adjusted for price changes.    2 The current month revisions are the difference between the advance percent change and the percent change as shown in this  publication.      3 The twelve month revisions are the differences between the month‐to‐month percent changes of the preliminary and final estimates.  The

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

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

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

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

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

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

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, January Full Report, March 19, 2019. Information

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

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

Table 8.  Revisions to Previously Published Monthly Percent Changes 1

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

Shipments New Orders Unfilled Orders Inventories