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FOR RELEASE AT 8:30 AM EST, MONDAY, FEBRUARY 27, 2023 

MONTHLY ADVANCE REPORT ON DURABLE GOODS MANUFACTURERS’ SHIPMENTS, 

INVENTORIES AND ORDERS JANUARY 2023 

Release Number: CB 23-29 M3-1 (23)-01

February 27, 2023 — The U.S. Census Bureau announces the January advance report on durable goods 

manufacturers’ shipments, inventories and orders:

New Orders

New orders for manufactured durable goods in January, down two of the last three months, decreased

$13.0 billion or 4.5 percent to $272.3 billion, the U.S. Census Bureau announced today. This followed a 5.1

percent December increase. Excluding transportation, new orders increased 0.7 percent. Excluding 

defense, new orders decreased 5.1 percent. Transportation equipment, also down two of the last three

months, drove the decrease, $14.2 billion or 13.3 percent to $92.8 billion.

Shipments

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

increases, decreased $0.2 billion or 0.1 percent to $277.2 billion. This followed a 0.4 percent December

increase. Transportation equipment, down following ten consecutive monthly increases, drove the 

decrease, $1.6 billion or 1.7 percent to $92.2 billion.

DURABLE GOODS – NEW ORDERS

JANUARY 2023 $272.3 billion -4.5%°

 DECEMBER 2022

(revised) $285.2 billion +5.1%°

Next release: March 24, 2023 

Data adjusted for seasonal variation but not for price changes.

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

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

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

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

27, 2023.

-0.7%

0.7% 0.4% 0.8%

2.3%

-0.1%

0.2% 0.2%

0.7%

-1.8%

5.1%

-4.5%

-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%

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

DURABLE GOODS NEW ORDERS 2022-2023

Seasonally Adjusted, Month-To-Month Percentage Change

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders, February 27, 2023.
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Unfilled Orders

Unfilled orders for manufactured durable goods in January, up twenty-nine consecutive months, increased

$0.3 billion or virtually unchanged to $1,157.0 billion. This followed a 1.1 percent December increase. 

Transportation equipment, up twenty-three of the last twenty-four months, drove the increase, $0.7

billion or 0.1 percent to $684.6 billion.

Inventories

Inventories of manufactured durable goods in January, down following twenty-three consecutive monthly 

increases, decreased $0.4 billion or 0.1 percent to $493.1 billion. This followed a 0.7 percent December

increase. Transportation equipment, down following two consecutive monthly increases, led the 

decrease, $0.3 billion or 0.2 percent to $158.3 billion. 

Capital Goods

Nondefense new orders for capital goods in January decreased $15.2 billion or 15.3 percent to $83.9

billion. Shipments decreased $0.8 billion or 1.0 percent to $84.3 billion. Unfilled orders decreased $0.4 

billion or 0.1 percent to $664.1 billion. Inventories decreased $0.5 billion or 0.2 percent to $218.5 billion. 

Defense new orders for capital goods in January increased $0.6 billion or 3.8 percent to $15.8 billion. 

Shipments decreased $0.2 billion or 1.2 percent to $14.9 billion. Unfilled orders increased $0.9 billion or 

0.5 percent to $189.2 billion. Inventories increased $0.2 billion or 0.9 percent to $23.2 billion.

Revised December Data

Revised seasonally adjusted December figures for all manufacturing industries were: new orders, $551.6

billion (revised from $552.5 billion); shipments, $543.9 billion (revised from $543.3 billion); unfilled orders, 

$1,156.7 billion (revised from $1,158.0 billion) and total inventories, $807.9 billion (revised from $807.8

billion).

Revised and more detailed estimates, plus nondurable goods data, will be published on March 6, 2023, at

10:00 a.m. EST. The Advance Report on durable goods for February is scheduled for release on March 24, 

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

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

<www.census.gov/m3>.

EXPLANATORY NOTES

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

exclude data for semiconductor manufacturing. 
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“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 

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>.
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Benchmark notice

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

issued on May 12, 2023. These revisions result from

• Benchmarking the M3 shipments and inventories data to the 2021 and 2020 Annual Survey of 

Manufactures (ASM) data; 

• Incorporating the unfilled orders to shipments ratios obtained for 2021, 2020, and 2019 from the 

Manufacturers’ Unfilled Orders (M3UFO) Survey;

• 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 2012 through March 2023 and the data 

not seasonally adjusted for January 2017 through March 2023. An updated Press Release will contain

revised monthly tables for January 2023 through March 2023.

RESOURCES

API

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

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

before.

<www.census.gov/developers/> 

FRED Mobile App

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

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

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

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

###
Table 1. Durable Goods Manufacturers' Shipments and New Orders 1

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

Seasonally Adjusted Not Seasonally Adjusted 

Monthly Percent Change Monthly Year to Date

Item Percent

Jan Dec Nov Dec - Nov - Oct - Jan Dec Jan Change

2023 2 2022 r 2022 Jan 2 Dec r Nov 2023 2 2022 r 2022 2023 2022 2023/2022

DURABLE GOODS

 Total:

 Shipments................................ 277,243 277,463 276,262 -0.1 0.4 0.4 248,993 279,068 231,372 248,993 231,372 7.6

 New Orders4.............................. 272,257 285,233 271,403 -4.5 5.1 -1.8 249,882 296,729 242,492 249,882 242,492 3.0

 Excluding transportation:

 Shipments................................ 185,078 183,695 184,024 0.8 -0.2 -0.1 168,913 180,728 161,461 168,913 161,461 4.6

 New Orders4.............................. 179,420 178,194 178,974 0.7 -0.4 0.0 167,552 174,916 163,321 167,552 163,321 2.6

 Excluding defense:

 Shipments................................ 260,117 260,262 259,664 -0.1 0.2 0.3 234,746 259,955 218,267 234,746 218,267 7.5

 New Orders4.............................. 253,879 267,638 253,545 -5.1 5.6 -2.3 235,176 272,430 231,300 235,176 231,300 1.7

 Manufacturing with unfilled orders:

 Shipments................................ 190,469 190,784 190,194 -0.2 0.3 0.3 171,326 194,263 161,140 171,326 161,140 6.3

 New Orders.............................. 190,817 203,870 190,510 -6.4 7.0 -2.6 178,032 216,760 177,454 178,032 177,454 0.3

 Primary metals:

 Shipments................................ 20,112 19,950 20,015 0.8 -0.3 -1.2 19,724 18,087 19,450 19,724 19,450 1.4

 New Orders.............................. 20,070 19,973 20,059 0.5 -0.4 -0.3 20,194 18,391 20,428 20,194 20,428 -1.1

 Fabricated metal products:

 Shipments................................ 36,383 36,391 36,441 0.0 -0.1 -0.3 34,141 33,670 33,487 34,141 33,487 2.0

 New Orders.............................. 36,218 36,168 36,319 0.1 -0.4 -0.2 34,981 32,586 34,853 34,981 34,853 0.4

 Machinery:

 Shipments................................ 38,662 38,220 38,631 1.2 -1.1 -0.5 34,571 39,040 32,528 34,571 32,528 6.3

 New Orders.............................. 38,752 38,130 38,978 1.6 -2.2 -0.6 37,036 38,099 35,724 37,036 35,724 3.7

 Computers and electronic products4:

 Shipments................................ 29,672 29,556 29,592 0.4 -0.1 0.1 26,896 32,834 25,317 26,896 25,317 6.2

 New Orders.............................. 24,281 24,151 24,315 0.5 -0.7 0.5 21,047 29,197 20,776 21,047 20,776 1.3

 Computers and related products:

 Shipments................................ 2,406 2,272 2,286 5.9 -0.6 0.7 2,131 2,812 1,540 2,131 1,540 38.4

 New Orders.............................. 2,426 2,268 2,268 7.0 0.0 -0.1 2,151 2,808 1,528 2,151 1,528 40.8

 

 Communications equipment:

 Shipments................................ 3,135 3,166 3,220 -1.0 -1.7 -1.4 2,486 4,293 2,611 2,486 2,611 -4.8

 New Orders.............................. 3,141 3,211 3,094 -2.2 3.8 1.1 2,454 4,639 2,762 2,454 2,762 -11.2

 Electrical equipment, appliances, 

 and components: 

 Shipments................................ 14,130 13,731 13,732 2.9 0.0 1.9 12,417 13,528 10,978 12,417 10,978 13.1

 New Orders.............................. 13,975 13,889 13,809 0.6 0.6 1.0 12,886 13,501 11,635 12,886 11,635 10.8

 Transportation equipment: 

 Shipments................................ 92,165 93,768 92,238 -1.7 1.7 1.3 80,080 98,340 69,911 80,080 69,911 14.5

 New Orders.............................. 92,837 107,039 92,429 -13.3 15.8 -5.2 82,330 121,813 79,171 82,330 79,171 4.0

 Motor vehicles and parts:

 Shipments................................ 62,322 62,305 61,820 0.0 0.8 0.0 56,302 60,144 49,092 56,302 49,092 14.7

 New Orders.............................. 62,315 62,160 61,796 0.2 0.6 0.0 56,631 60,826 49,567 56,631 49,567 14.3

 

 Nondefense aircraft and parts:

 Shipments................................ 13,037 14,569 14,088 -10.5 3.4 7.3 9,828 19,752 8,216 9,828 8,216 19.6

 New Orders.............................. 12,516 27,555 13,401 -54.6 105.6 -30.7 11,134 37,979 18,496 11,134 18,496 -39.8

 Defense aircraft and parts:

 Shipments................................ 5,778 5,696 5,425 1.4 5.0 0.8 4,713 6,194 4,140 4,713 4,140 13.8

 New Orders.............................. 6,217 5,895 4,908 5.5 20.1 -6.8 5,553 7,686 3,002 5,553 3,002 85.0

 All other durable goods: 

 Shipments................................ 46,119 45,847 45,613 0.6 0.5 0.2 41,164 43,569 39,701 41,164 39,701 3.7

 New Orders.............................. 46,124 45,883 45,494 0.5 0.9 0.3 41,408 43,142 39,905 41,408 39,905 3.8

 Capital goods3:

 Shipments................................ 99,194 100,213 99,394 -1.0 0.8 1.0 85,915 111,843 79,133 85,915 79,133 8.6

 New Orders.............................. 99,643 114,264 99,694 -12.8 14.6 -4.6 90,046 133,167 91,933 90,046 91,933 -2.1

 Nondefense capital goods:

 Shipments................................ 84,323 85,157 85,075 -1.0 0.1 1.1 73,481 95,012 67,587 73,481 67,587 8.7

 New Orders.............................. 83,875 99,076 84,311 -15.3 17.5 -6.6 77,594 112,034 82,001 77,594 82,001 -5.4

 Excluding aircraft:

 Shipments........................... 75,439 74,642 75,073 1.1 -0.6 -0.1 67,723 79,440 62,879 67,723 62,879 7.7

 New Orders.......................... 75,296 74,729 74,921 0.8 -0.3 -0.2 70,605 78,391 67,042 70,605 67,042 5.3

 Defense capital goods:

 Shipments................................ 14,871 15,056 14,319 -1.2 5.1 0.3 12,434 16,831 11,546 12,434 11,546 7.7

 New Orders.............................. 15,768 15,188 15,383 3.8 -1.3 8.2 12,452 21,133 9,932 12,452 9,932 25.4

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

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

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

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

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

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

3

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

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

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

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

vehicles, and parts, ships and boats, and search and navigation equipment. 

4

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

orders exclude semiconductor industry data. 

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, January Advance Report, February 27, 2023. Information on data sources and methodology can be found on our website at 

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

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

Seasonally Adjusted Not Seasonally Adjusted 

Monthly Percent Change Monthly Percent

Item Change

Jan Dec Nov Dec - Nov - Oct - Jan Dec Jan 2023/

2023 2 2022 r 2022 Jan 2 Dec r Nov 2023 2 2022 r 2022 2022

DURABLE GOODS

 Total:

 Unfilled Orders4......................... 1,156,999 1,156,651 1,143,565 0.0 1.1 0.0 1,159,760 1,153,054 1,090,915 6.3

 Total Inventories....................... 493,050 493,446 490,125 -0.1 0.7 0.2 490,893 480,605 467,923 4.9

 Excluding transportation:

 Unfilled Orders4......................... 472,413 472,737 472,922 -0.1 0.0 0.0 470,224 465,768 463,426 1.5

 Total Inventories....................... 334,728 334,820 333,184 0.0 0.5 0.2 333,763 327,707 314,779 6.0

 Excluding defense:

 Unfilled Orders4........................... 939,763 940,667 927,975 -0.1 1.4 -0.1 941,731 935,484 881,040 6.9

 Total Inventories....................... 465,820 466,425 463,143 -0.1 0.7 0.1 463,897 453,775 442,137 4.9

 Manufacturing with unfilled orders:

 Unfilled Orders......................... 1,156,999 1,156,651 1,143,565 0.0 1.1 0.0 1,159,760 1,153,054 1,090,915 6.3

 Total Inventories....................... 395,843 396,297 392,519 -0.1 1.0 0.4 393,771 386,664 374,934 5.0

 Primary metals:

 Unfilled Orders......................... 30,534 30,576 30,553 -0.1 0.1 0.1 30,552 30,082 31,223 -2.1

 Total Inventories....................... 38,378 38,431 38,256 -0.1 0.5 -0.5 38,534 38,037 38,134 1.0

 Fabricated metal products:

 Unfilled Orders......................... 117,102 117,267 117,490 -0.1 -0.2 -0.1 114,959 114,119 115,336 -0.3

 Total Inventories....................... 62,315 62,354 62,378 -0.1 0.0 0.0 62,243 61,181 60,977 2.1

 Machinery: 

 Unfilled Orders......................... 133,374 133,284 133,374 0.1 -0.1 0.3 133,463 130,998 128,118 4.2

 Total Inventories....................... 88,675 88,355 87,111 0.4 1.4 0.6 87,604 86,154 77,313 13.3

 Computers and electronic products4:

 Unfilled Orders......................... 140,003 140,060 140,149 0.0 -0.1 -0.1 140,217 140,249 139,655 0.4

 Total Inventories....................... 53,130 53,203 53,082 -0.1 0.2 0.1 52,958 51,890 51,100 3.6

 Computers and related products:

 Unfilled Orders......................... 1,197 1,177 1,181 1.7 -0.3 -1.5 1,197 1,177 1,207 -0.8

 Total Inventories....................... 3,774 3,845 3,924 -1.8 -2.0 -0.7 3,614 3,709 3,591 0.6

 

 Communications equipment:

 Unfilled Orders......................... 20,951 20,945 20,900 0.0 0.2 -0.6 21,055 21,087 21,493 -2.0

 Total Inventories....................... 5,533 5,571 5,453 -0.7 2.2 0.7 5,425 5,234 5,146 5.4

 Electrical equipment, appliances, 

 and components: 

 Unfilled Orders......................... 40,190 40,345 40,187 -0.4 0.4 0.2 40,129 39,660 37,458 7.1

 Total Inventories....................... 23,694 23,899 23,713 -0.9 0.8 1.3 23,709 23,008 21,755 9.0

 Transportation equipment: 

 Unfilled Orders......................... 684,586 683,914 670,643 0.1 2.0 0.0 689,536 687,286 627,489 9.9

 Total Inventories....................... 158,322 158,626 156,941 -0.2 1.1 0.1 157,130 152,898 153,144 2.6

 Motor vehicles and parts:

 Unfilled Orders......................... 27,592 27,599 27,744 0.0 -0.5 -0.1 28,070 27,741 28,222 -0.5

 Total Inventories....................... 51,945 51,656 51,830 0.6 -0.3 -0.2 51,687 48,686 49,967 3.4

 

 Nondefense Aircraft and parts:

 Unfilled Orders......................... 465,506 466,027 453,041 -0.1 2.9 -0.2 468,999 467,693 415,613 12.8

 Total Inventories....................... 75,611 76,484 74,648 -1.1 2.5 -0.2 74,963 74,168 74,618 0.5

 Defense Aircraft and parts: 

 Unfilled Orders......................... 60,280 59,841 59,642 0.7 0.3 -0.9 61,141 60,301 57,420 6.5

 Total Inventories....................... 12,916 12,783 12,831 1.0 -0.4 0.5 12,875 12,688 12,754 0.9

 All other durable goods: 

 Unfilled Orders......................... 11,210 11,205 11,169 0.0 0.3 -1.1 10,904 10,660 11,636 -6.3

 Total Inventories....................... 68,536 68,578 68,644 -0.1 -0.1 0.0 68,715 67,437 65,500 4.9

 Capital goods3:

 Unfilled Orders......................... 853,230 852,781 838,730 0.1 1.7 0.0 856,205 852,074 792,971 8.0

 Total Inventories....................... 241,687 241,939 238,950 -0.1 1.3 0.4 239,114 235,609 224,522 6.5

 Nondefense capital goods:

 Unfilled Orders......................... 664,059 664,507 650,588 -0.1 2.1 -0.1 666,654 662,541 606,042 10.0

 Total Inventories....................... 218,467 218,923 215,966 -0.2 1.4 0.2 216,087 212,689 202,563 6.7

 Excluding aircraft: 

 Unfilled Orders.................... 267,206 267,349 267,262 -0.1 0.0 -0.1 266,988 264,106 260,457 2.5

 Total Inventories................... 153,628 153,170 151,999 0.3 0.8 0.5 151,956 149,178 138,463 9.7

 Defense capital goods:

 Unfilled Orders......................... 189,171 188,274 188,142 0.5 0.1 0.6 189,551 189,533 186,929 1.4

 Total Inventories....................... 23,220 23,016 22,984 0.9 0.1 1.8 23,027 22,920 21,959 4.9

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

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

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

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

2

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

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

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

3

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

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

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

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

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

4

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

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

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, January Advance Report, February 27, 2023. Information on data sources and methodology can be found on our 

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