FOR IMMEDIATE RELEASE 

THURSDAY, MARCH 3, 2016, AT 10:00 A.M. EST 

Adriana Stoica 

Economic Indicators Division 

(301) 763-4832 

M3-2 (16)-01 

CB 16-27 

Full Report on Manufacturers’ Shipments, Inventories and Orders 

January 2016 

Summary 

 New orders for manufactured goods in January, up 

following two consecutive monthly decreases, increased 

$7.5 billion or 1.6 percent to $463.9 billion, the U.S. 

Census Bureau reported today. This followed a 2.9 

percent December decrease. 

 Shipments, up following six consecutive monthly 

decreases, increased $1.4 billion or 0.3 percent to $468.4 

billion. This followed a 1.4 percent December decrease. 

 Unfilled orders, up three of the last four months, 

increased $0.6 billion or 0.1 percent to $1,188.1 billion. 

This followed a 0.5 percent December decrease. The 

unfilled orders-to-shipments ratio was 6.93, down from 

7.08 in December. 

 Inventories, down seven consecutive months, 

decreased $2.7 billion or 0.4 percent to $637.5 billion. 

This followed a 0.2 percent December decrease. The 

inventories-to-shipments ratio was 1.36, down from 1.37 

in December. 

New Orders 

 New orders for manufactured durable goods in 

January, up following two consecutive monthly 

decreases, increased $10.7 billion or 4.7 percent to 

$237.1 billion, down from the previously published 4.9 

percent increase. This followed a 4.6 percent December 

decrease. 

 Transportation equipment, also up following two 

consecutive monthly decreases, led the increase, $8.2 

billion or 11.4 percent to $79.6 billion. 

 New orders for manufactured nondurable goods 

decreased $3.3 billion or 1.4 percent to $226.8 billion. 

 

Shipments 

 Shipments of manufactured durable goods in January, 

up two of the last three months, increased $4.7 billion or 

2.0 percent to $241.6 billion, up from the previously 

published 1.9 percent increase. This followed a 1.8 

percent December decrease. 

 Transportation equipment, also up two of the last three 

months, led the increase, $4.3 billion or 5.6 percent to 

$79.9 billion. 

 

 

 

Shipments of manufactured nondurable goods, down 

seven consecutive months, decreased $3.3 billion or 1.4 

percent to $226.8 billion. This followed a 1.1 percent 

December decrease. Petroleum and coal products, also 

down seven consecutive months, drove the decrease, 

$4.3 billion or 10.7 percent to $35.7 billion. 

 

Unfilled Orders 

 Unfilled orders for manufactured durable goods in January, up three of the last four months, increased $0.6 

billion or 0.1 percent to $1,188.1 billion, virtually 

unchanged from the previously published increase. This 

followed a 0.5 percent December decrease. 

 

 Computers and electronic products, up twenty-five 

consecutive months, drove the increase, $0.7 billion or 

0.5 percent to $137.5 billion. 

Inventories 

 Inventories of manufactured durable goods in January, 

down six of the last seven months, decreased $0.6 billion 

or 0.1 percent to $395.7 billion, virtually unchanged 

from the previously published decrease. This followed a 

0.2 percent December increase. 

 

 Primary metals, down twelve consecutive months, 

drove the decrease, $0.8 billion or 2.3 percent to $33.5 

billion. 

 Inventories of manufactured nondurable goods, down 

six of the last seven months, decreased $2.1 billion or 

0.9 percent to $241.7 billion. This followed a 0.7 

percent December decrease. Petroleum and coal 

products, also down six of the last seven months, led the 

decrease, $1.9 billion or 5.9 percent to $30.1 billion. 

 By stage of fabrication, January materials and supplies 

increased 0.1 percent in durable goods and decreased 0.5 

percent in nondurable goods. Work in process decreased 

0.3 percent in durable goods and decreased 3.2 percent 

in nondurable goods. Finished goods decreased 0.3 

percent in durable goods and decreased 0.2 percent in 

nondurable goods. 

Figures in text are adjusted for seasonality, but not for inflation. Figures on new and unfilled orders exclude data for semiconductor manufacturing. For 

data, call (301) 763-4673 or go to www.census.gov/m3. The Advance Report on durable goods for February is scheduled for release on March 24, 2016 at 

8:30 a.m. EDT and the Full Report on April 4, 2016 at 10:00 a.m. EDT. See back page for survey description. To receive the latest updates on the Nation's 

key economic indicators, download the America's Economy app for Apple and Android smartphones and tablets. To learn more about this release and the 

other indicators the U.S. Census Bureau publishes, join us for the Investigating Economic Indicators Webinar Series. For more information, 

visit www.census.gov/econ/webinar. 

“Virtually unchanged” indicates that the change is less than 0.05 percent for a percent increase or decrease. 
 2 

Table 1. Value of Manufacturers' Shipments for Industry Groups1

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

Seasonally Adjusted Not Seasonally Adjusted 

Monthly Percent Change Monthly

Industry % Change

Jan. Dec. Nov. Dec. - Nov. - Oct. - Jan. Dec. Nov. Jan. 2016/

2016p 2015r 2015 Jan. Dec. Nov. 2016p 2015r 2015 2015 2016p 2015 2015

 All manufacturing industries.................. 468,386 467,019 473,836 0.3 -1.4 -0.1 420,404 460,778 456,512 437,829 420,404 437,829 -4.0

 Excluding transportation................... 388,480 391,383 393,354 -0.7 -0.5 -0.6 354,026 384,740 378,832 373,480 354,026 373,480 -5.2

 Excluding defense.............................. 456,477 454,504 461,613 0.4 -1.5 0.1 411,097 446,483 443,872 428,526 411,097 428,526 -4.1

 With unfilled orders............................ 171,421 167,721 172,021 2.2 -2.5 0.4 148,637 170,574 164,248 152,723 148,637 152,723 -2.7

 Durable goods industries......................... 241,583 236,925 241,186 2.0 -1.8 0.6 210,204 236,363 230,653 212,648 210,204 212,648 -1.1

 Wood products....................................... 8,317 8,476 8,267 -1.9 2.5 1.4 6,981 7,335 7,592 6,991 6,981 6,991 -0.1

 Nonmetallic mineral products.................... 9,926 9,856 9,819 0.7 0.4 1.0 8,360 8,586 9,265 8,440 8,360 8,440 -0.9

 Primary metals....................................... 19,334 19,200 19,594 0.7 -2.0 -2.1 18,526 17,624 18,340 22,300 18,526 22,300 -16.9

 Iron and steel mills............................ 8,721 8,404 8,738 3.8 -3.8 -3.8 8,372 7,919 8,292 10,786 8,372 10,786 -22.4

 Aluminum and nonferrous metals.......... 9,055 9,171 9,239 -1.3 -0.7 -1.0 8,760 8,233 8,592 10,015 8,760 10,015 -12.5

 Ferrous metal foundries....................... 1,558 1,625 1,617 -4.1 0.5 0.9 1,394 1,472 1,456 1,499 1,394 1,499 -7.0

 Fabricated metal products....................... 30,082 29,673 29,570 1.4 0.3 0.3 27,402 27,797 27,952 28,230 27,402 28,230 -2.9

 Machinery............................................. 33,258 33,049 32,336 0.6 2.2 -1.4 28,534 34,151 30,007 28,851 28,534 28,851 -1.1

 Farm machinery................................. 1,554 1,627 1,479 -4.5 10.0 -3.3 1,363 1,364 1,156 1,522 1,363 1,522 -10.4

 Construction machinery..................... 3,120 3,126 3,113 -0.2 0.4 -3.1 2,760 3,180 3,032 3,316 2,760 3,316 -16.8

 Mining, oil field, and 

 gas field machinery.......................... 1,246 1,323 1,428 -5.8 -7.4 -6.8 1,124 1,513 1,355 2,094 1,124 2,094 -46.3

 Industrial machinery.......................... 3,090 2,991 2,968 3.3 0.8 -6.6 2,502 3,621 2,779 2,032 2,502 2,032 23.1

 Photographic equipment...................... 549 553 507 -0.7 9.1 -7.1 456 654 515 447 456 447 2.0

 Ventilation, heating, air-conditioning,

 and refrigeration equipment............ 4,042 4,000 3,989 1.1 0.3 0.4 3,205 3,820 3,519 3,162 3,205 3,162 1.4

 Metalworking machinery..................... 3,520 3,188 3,156 10.4 1.0 -1.9 2,979 3,615 3,099 2,383 2,979 2,383 25.0

 Turbines, generators, and other

 power transmission equipment....... 3,643 3,818 3,485 -4.6 9.6 0.1 3,379 3,672 3,413 3,629 3,379 3,629 -6.9

 Material handling equipment............... 3,034 2,963 2,862 2.4 3.5 5.1 2,668 3,132 2,723 2,101 2,668 2,101 27.0

 Computers and electronic products2

.......... 29,927 29,838 30,024 0.3 -0.6 0.7 26,149 32,863 29,407 24,987 26,149 24,987 4.7

 Computers........................................ 644 617 612 4.4 0.8 -5.1 488 729 588 438 488 438 11.4

 Computer storage devices..................... 455 426 480 6.8 -11.3 0.2 311 709 382 314 311 314 -1.0

 Other peripheral equipment................ 856 793 838 7.9 -5.4 -7.3 574 1,194 700 698 574 698 -17.8

 Nondefense communications

 equipment.................................... 3,185 3,473 3,442 -8.3 0.9 5.4 2,499 4,245 3,152 2,637 2,499 2,637 -5.2

 Defense communications equipment.... 290 415 338 -30.1 22.8 -2.3 251 438 343 322 251 322 -22.0

 Audio and video equipment.................... 287 271 254 5.9 6.7 -9.9 219 345 347 184 219 184 19.0

 Electronic components......................... 5,115 4,917 4,924 4.0 -0.1 -0.6 4,400 4,898 4,535 3,522 4,400 3,522 24.9

 Nondefense search and navigation

 equipment...................................... 1,475 1,474 1,477 0.1 -0.2 1.9 1,201 1,618 1,474 992 1,201 992 21.1

 Defense search and navigation

 equipment..................................... 2,696 2,686 2,707 0.4 -0.8 0.6 2,138 3,015 2,924 2,055 2,138 2,055 4.0

 Electromedical, measuring,

 and control instruments................. 9,602 9,648 9,767 -0.5 -1.2 -1.3 8,026 11,241 9,351 7,909 8,026 7,909 1.5

 Electrical equipment, appliances, 

 and components................................... 9,842 9,967 9,917 -1.3 0.5 -1.6 8,598 9,850 9,677 9,437 8,598 9,437 -8.9

 Electric lighting equipment..................... 994 988 980 0.6 0.8 -2.1 868 1,052 1,033 846 868 846 2.6

 Household appliances........................ 1,557 1,559 1,555 -0.1 0.3 -1.1 1,250 1,509 1,584 1,398 1,250 1,398 -10.6

 Electrical equipment............................ 3,016 3,110 3,067 -3.0 1.4 -0.3 2,582 3,125 2,853 2,914 2,582 2,914 -11.4

 Batteries........................................... 829 813 837 2.0 -2.9 -6.8 716 874 955 780 716 780 -8.2

 Transportation equipment........................ 79,906 75,636 80,482 5.6 -6.0 2.4 66,378 76,038 77,680 64,349 66,378 64,349 3.2

 Automobiles..................................... 9,018 8,610 8,482 4.7 1.5 4.2 7,738 8,200 8,395 7,263 7,738 7,263 6.5

 Light trucks and utility vehicles.............. 14,661 14,083 14,366 4.1 -2.0 1.5 12,130 13,282 13,696 10,563 12,130 10,563 14.8

 Heavy duty trucks ............................. 2,888 2,801 2,850 3.1 -1.7 -7.2 2,453 2,572 2,640 2,589 2,453 2,589 -5.3

 Motor vehicle bodies, parts, 

 and trailers.................................... 27,527 27,026 26,488 1.9 2.0 1.0 24,599 24,091 25,328 22,772 24,599 22,772 8.0

 Nondefense aircraft and parts................ 14,165 10,860 16,032 30.4 -32.3 16.4 10,472 14,280 15,415 10,566 10,472 10,566 -0.9

 Defense aircraft and parts.................. 4,449 4,834 4,656 -8.0 3.8 -14.5 3,315 5,831 4,747 3,250 3,315 3,250 2.0

 Ships and boats................................. 2,711 2,729 2,874 -0.7 -5.0 1.2 2,183 2,735 2,902 2,156 2,183 2,156 1.3

 Furniture and related products.................. 6,507 6,481 6,487 0.4 -0.1 -0.1 6,084 6,396 6,203 5,886 6,084 5,886 3.4

 Miscellaneous durable goods................. 14,484 14,749 14,690 -1.8 0.4 0.9 13,192 15,723 14,530 13,177 13,192 13,177 0.1

 Nondurable goods industries..................... 226,803 230,094 232,650 -1.4 -1.1 -0.8 210,200 224,415 225,859 225,181 210,200 225,181 -6.7

 Food products....................................... 65,657 65,008 65,695 1.0 -1.0 -0.7 63,259 65,871 67,423 65,093 63,259 65,093 -2.8

 Grain and oilseed milling....................... 8,223 8,402 8,101 -2.1 3.7 -1.6 8,030 8,852 8,583 8,302 8,030 8,302 -3.3

 Dairy products.................................. 9,938 9,981 9,949 -0.4 0.3 0.4 9,542 10,060 10,388 10,057 9,542 10,057 -5.1

 Meat, poultry, and seafood products... 18,118 17,785 18,213 1.9 -2.3 -1.9 17,300 17,565 18,357 19,062 17,300 19,062 -9.2

 Beverage and tobacco products................ 12,932 12,536 12,769 3.2 -1.8 -1.9 11,605 12,202 12,707 10,852 11,605 10,852 6.9

 Beverages......................................... 9,518 8,980 9,079 6.0 -1.1 0.4 8,191 8,646 9,017 7,603 8,191 7,603 7.7

 Tobacco............................................ 3,414 3,556 3,690 -4.0 -3.6 -7.1 3,414 3,556 3,690 3,249 3,414 3,249 5.1

 Textile mills........................................... 2,534 2,532 2,581 0.1 -1.9 -0.3 2,341 2,180 2,444 2,405 2,341 2,405 -2.7

 Textile products................................... 1,943 1,912 1,973 1.6 -3.1 -0.1 1,741 1,677 1,906 1,866 1,741 1,866 -6.7

 Apparel................................................ 1,150 1,170 1,174 -1.7 -0.3 1.8 1,023 1,142 1,359 1,061 1,023 1,061 -3.6

 Leather and allied products...................... 430 418 420 2.9 -0.5 -3.4 394 394 391 422 394 422 -6.6

 Paper products...................................... 16,109 16,073 16,080 0.2 0.0 -1.0 15,534 15,787 15,467 15,820 15,534 15,820 -1.8

 Pulp, paper, and paperboard mills....... 7,090 7,061 7,198 0.4 -1.9 -0.7 7,027 7,067 6,879 7,204 7,027 7,204 -2.5

 Paperboard containers........................ 5,254 5,188 5,161 1.3 0.5 -0.8 4,955 4,905 4,932 5,057 4,955 5,057 -2.0

 Printing................................................. 7,219 7,323 7,275 -1.4 0.7 0.7 6,707 7,338 7,298 6,704 6,707 6,704 0.0

 Petroleum and coal products.................. 35,726 40,008 41,804 -10.7 -4.3 -2.3 31,412 37,426 39,520 43,349 31,412 43,349 -27.5

 Petroleum refineries.......................... 32,067 36,274 38,153 -11.6 -4.9 -2.6 28,736 34,432 36,288 40,421 28,736 40,421 -28.9

 Chemical products..................................... 64,097 64,212 64,108 -0.2 0.2 -0.1 58,911 62,936 59,767 59,534 58,911 59,534 -1.0

 Pesticides, fertilizers, and other

 agricultural chemicals....................... 4,764 4,943 4,911 -3.6 0.7 -0.5 3,784 4,303 3,789 3,753 3,784 3,753 0.8

 Pharmaceuticals and medicines............. 17,709 17,342 17,043 2.1 1.8 0.2 16,690 17,825 16,445 13,873 16,690 13,873 20.3

 Paints, coatings, and adhesives.......... 3,483 3,453 3,350 0.9 3.1 -0.7 3,016 2,925 2,846 2,907 3,016 2,907 3.7

 Plastics and rubber products.................. 19,006 18,902 18,771 0.6 0.7 -0.6 17,273 17,462 17,577 18,075 17,273 18,075 -4.4

p

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

1

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

estimates of shipments and new orders include adjusted data for 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.

See note at end of Table 2 relating to survey error and revision.

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

 

Year to date
 3

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. 2016/

2016p 2015r 2015 Jan. Dec. Nov. 2016p 2015r 2015 2015 2016p 2015 2015

All manufacturing industries2........................ 463,938 456,485 470,030 1.6 -2.9 -0.7 419,275 466,376 452,999 433,463 419,275 433,463 -3.3

 Excluding transportation2

...................... 384,289 385,009 388,627 -0.2 -0.9 -0.7 353,576 378,185 371,634 372,600 353,576 372,600 -5.1

 Excluding defense2

.............................. 451,649 445,677 453,657 1.3 -1.8 -1.4 409,481 450,143 437,981 425,640 409,481 425,640 -3.8

 With unfilled orders2............................. 172,024 162,053 173,166 6.2 -6.4 -1.0 153,304 180,349 166,087 154,107 153,304 154,107 -0.5

 Durable goods industries2

......................... 237,135 226,391 237,380 4.7 -4.6 -0.5 209,075 241,961 227,140 208,282 209,075 208,282 0.4

 Primary metals........................................ 19,353 19,229 19,184 0.6 0.2 -4.5 19,665 18,187 18,262 23,364 19,665 23,364 -15.8

 Iron and steel mills.............................. 8,632 8,389 8,692 2.9 -3.5 -7.1 9,140 8,253 8,486 11,562 9,140 11,562 -20.9

 Aluminum and nonferrous metals.......... 9,155 9,139 9,028 0.2 1.2 -2.1 8,925 8,336 8,480 9,964 8,925 9,964 -10.4

 Ferrous metal foundries....................... 1,566 1,701 1,464 -7.9 16.2 -3.2 1,600 1,598 1,296 1,838 1,600 1,838 -12.9

 Fabricated metal products........................ 30,097 29,630 29,551 1.6 0.3 0.8 28,136 27,308 26,779 28,723 28,136 28,723 -2.0

 Machinery............................................. 33,055 31,000 32,229 6.6 -3.8 -2.7 30,248 31,064 30,008 30,910 30,248 30,910 -2.1

 Construction machinery........................ 3,163 3,023 2,990 4.6 1.1 -2.2 3,119 3,116 3,002 3,096 3,119 3,096 0.7

 Mining, oil field, and

 gas field machinery.......................... 1,234 265 1,132 365.7 -76.6 -22.5 1,134 207 1,163 2,010 1,134 2,010 -43.6

 Industrial machinery............................ 2,914 2,848 2,915 2.3 -2.3 -4.9 2,773 3,283 2,588 2,498 2,773 2,498 11.0

 Photographic equipment....................... 507 500 508 1.4 -1.6 -11.7 466 518 491 490 466 490 -4.9

 Ventilation, heating, air-conditioning,

 and refrigeration equipment............... 4,019 4,065 3,997 -1.1 1.7 1.8 3,331 3,825 3,474 3,343 3,331 3,343 -0.4

 Metalworking machinery....................... 3,428 3,197 3,248 7.2 -1.6 4.0 3,082 3,521 3,193 2,547 3,082 2,547 21.0

 Turbines, generators, and other 

 power transmission equipment........... 3,861 3,465 3,588 11.4 -3.4 -5.4 3,655 3,674 3,573 4,003 3,655 4,003 -8.7

 Material handling equipment.................. 3,134 3,046 3,157 2.9 -3.5 6.7 2,930 3,400 2,945 2,343 2,930 2,343 25.1

 Computers and electronic products2

........... 25,581 25,374 25,785 0.8 -1.6 0.2 21,325 29,758 23,651 20,132 21,325 20,132 5.9

 Computers........................................ 609 588 698 3.6 -15.8 3.7 453 700 674 464 453 464 -2.4

 Nondefense communications

 equipment...................................... 3,551 3,188 3,879 11.4 -17.8 5.0 3,012 4,186 3,139 3,162 3,012 3,162 -4.7

 Defense communications equipment....... 288 292 329 -1.4 -11.2 -8.1 260 329 284 302 260 302 -13.9

 Electronic components......................... 5,119 5,136 4,923 -0.3 4.3 -2.6 4,526 5,079 4,424 3,737 4,526 3,737 21.1

 Nondefense search and navigation

 equipment...................................... 1,624 1,693 1,701 -4.1 -0.5 5.1 1,360 1,397 1,675 1,238 1,360 1,238 9.9

 Defense search and navigation

 equipment...................................... 2,969 3,003 2,571 -1.1 16.8 5.8 2,327 3,894 2,464 1,882 2,327 1,882 23.6

 Electromedical, measuring,

 and control instruments..................... 9,552 9,732 9,878 -1.8 -1.5 -1.3 8,037 11,671 9,303 7,985 8,037 7,985 0.7

 Electrical equipment, appliances, 

 and components................................... 10,122 10,173 9,958 -0.5 2.2 3.4 9,377 10,018 9,433 9,784 9,377 9,784 -4.2

 Electric lighting equipment..................... 992 1,006 995 -1.4 1.1 -0.7 873 1,048 1,047 840 873 840 3.9

 Household appliances.......................... 1,539 1,589 1,549 -3.1 2.6 -2.7 1,261 1,551 1,616 1,567 1,261 1,567 -19.5

 Electrical equipment............................ 2,936 3,077 3,117 -4.6 -1.3 2.1 2,694 2,980 2,921 3,193 2,694 3,193 -15.6

 Transportation equipment........................ 79,649 71,476 81,403 11.4 -12.2 -0.5 65,699 88,191 81,365 60,863 65,699 60,863 7.9

 Motor vehicle bodies, parts, 

 and trailers..................................... 27,145 26,702 26,409 1.7 1.1 0.7 24,485 24,518 25,994 23,328 24,485 23,328 5.0

 Nondefense aircraft and parts................ 14,475 9,373 13,251 54.4 -29.3 -23.3 9,978 25,240 15,850 7,073 9,978 7,073 41.1

 Defense aircraft and parts.................... 4,973 2,685 8,087 85.2 -66.8 44.2 4,136 5,562 7,857 3,283 4,136 3,283 26.0

 Ships and boats.................................. 1,898 2,278 2,326 -16.7 -2.1 -6.0 1,728 2,272 2,053 1,550 1,728 1,550 11.5

 Furniture and related products................... 6,555 6,441 6,485 1.8 -0.7 -0.1 6,096 5,804 6,246 5,937 6,096 5,937 2.7

 Nondurable goods industries..................... 226,803 230,094 232,650 -1.4 -1.1 -0.8 210,200 224,415 225,859 225,181 210,200 225,181 -6.7

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/>.

Year to date
 4 

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 Jan.

Jan. Dec. Nov. Dec. - Nov. - Oct. - Jan. Dec. Nov. Jan. 2016/

2016p 2015r 2015 Jan. Dec. Nov. 2016p 2015r 2015 2015 2015

All manufacturing industries2...................... 1,188,089 1,187,486 1,193,154 0.1 -0.5 0.1 1,195,917 1,191,250 1,181,475 1,216,286 -1.7

 Excluding transportation2...................... 393,531 392,671 394,179 0.2 -0.4 0.1 390,965 385,619 387,997 399,019 -2.0

 Excluding defense2

............................. 1,002,891 1,002,668 1,006,629 0.0 -0.4 -0.3 1,010,220 1,006,040 998,203 1,026,732 -1.6

 Durable goods industries2........................ 1,188,089 1,187,486 1,193,154 0.1 -0.5 0.1 1,195,917 1,191,250 1,181,475 1,216,286 -1.7

 Primary metals........................................ 34,680 34,661 34,632 0.1 0.1 -1.2 35,263 34,124 33,561 37,246 -5.3

 Iron and steel mills............................... 18,047 18,136 18,151 -0.5 -0.1 -0.3 18,419 17,651 17,317 19,160 -3.9

 Aluminum and nonferrous metals............. 11,776 11,676 11,708 0.9 -0.3 -1.8 11,865 11,700 11,597 12,582 -5.7

 Ferrous metal foundries........................ 4,857 4,849 4,773 0.2 1.6 -3.1 4,979 4,773 4,647 5,504 -9.5

 Fabricated metal products......................... 81,690 81,675 81,718 0.0 -0.1 0.0 79,930 79,196 79,685 82,319 -2.9

 Machinery.............................................. 108,741 108,944 110,993 -0.2 -1.8 -0.1 108,626 106,912 109,999 119,238 -8.9

 Construction machinery......................... 5,570 5,527 5,630 0.8 -1.8 -2.1 5,750 5,391 5,455 8,922 -35.6

 Mining, oil field, and

 gas field machinery.......................... 7,792 7,804 8,862 -0.2 -11.9 -3.2 7,636 7,626 8,932 11,055 -30.9

 Industrial machinery............................. 7,868 8,044 8,187 -2.2 -1.7 -0.6 7,948 7,677 8,015 9,306 -14.6

 Photographic equipment........................ 1,567 1,609 1,662 -2.6 -3.2 0.1 1,533 1,523 1,659 1,517 1.1

 Ventilation, heating, air-conditioning,

 and refrigeration equipment................ 7,555 7,578 7,513 -0.3 0.9 0.1 7,481 7,355 7,350 7,561 -1.1

 Metalworking machinery........................ 6,403 6,495 6,486 -1.4 0.1 1.4 6,400 6,297 6,391 6,986 -8.4

 Turbines, generators, and other 

 power transmission equipment............ 32,446 32,228 32,581 0.7 -1.1 0.3 32,644 32,368 32,366 35,319 -7.6

 Material handling equipment................... 12,939 12,839 12,756 0.8 0.7 2.4 12,847 12,585 12,317 10,992 16.9

 Computers and electronic products2............. 137,491 136,786 136,384 0.5 0.3 0.5 136,889 135,917 134,845 129,410 5.8

 Computers......................................... 2,618 2,653 2,682 -1.3 -1.1 3.3 2,618 2,653 2,682 2,498 4.8

 Nondefense communications

 equipment...................................... 37,728 37,362 37,647 1.0 -0.8 1.2 37,497 36,984 37,043 34,278 9.4

 Defense communications equipment........ 2,874 2,876 2,999 -0.1 -4.1 -0.3 2,837 2,828 2,937 2,872 -1.2

 Electronic components.......................... 11,287 11,283 11,064 0.0 2.0 0.0 11,230 11,104 10,923 10,814 3.8

 Nondefense search and navigation

 equipment....................................... 20,670 20,521 20,302 0.7 1.1 1.1 20,404 20,245 20,466 17,761 14.9

 Defense search and navigation

 equipment....................................... 32,522 32,249 31,932 0.8 1.0 -0.4 32,561 32,372 31,493 32,726 -0.5

 Electromedical, measuring,

 and control instruments...................... 29,792 29,842 29,758 -0.2 0.3 0.4 29,742 29,731 29,301 28,461 4.5

 Electrical equipment, appliances, 

 and components.................................... 22,410 22,130 21,924 1.3 0.9 0.2 22,372 21,593 21,425 22,906 -2.3

 Electric lighting equipment..................... 1,131 1,133 1,115 -0.2 1.6 1.4 1,122 1,117 1,121 1,100 2.0

 Household appliances........................... 1,505 1,523 1,493 -1.2 2.0 -0.4 1,528 1,517 1,475 1,693 -9.7

 Electrical equipment............................. 9,573 9,653 9,686 -0.8 -0.3 0.5 9,562 9,450 9,595 9,381 1.9

 Transportation equipment......................... 794,558 794,815 798,975 0.0 -0.5 0.1 804,952 805,631 793,478 817,267 -1.5

 Motor vehicle bodies, parts, 

 and trailers...................................... 20,915 21,297 21,621 -1.8 -1.5 -0.4 21,658 21,772 21,345 22,586 -4.1

 Nondefense aircraft and parts................ 608,114 607,804 609,291 0.1 -0.2 -0.5 616,965 617,459 606,499 620,283 -0.5

 Defense aircraft and parts..................... 67,295 66,771 68,920 0.8 -3.1 5.2 68,815 67,994 68,263 69,422 -0.9

 Ships and boats.................................. 25,283 26,096 26,547 -3.1 -1.7 -2.0 24,715 25,170 25,633 30,347 -18.6

 Furniture and related products................... 7,688 7,640 7,680 0.6 -0.5 0.0 7,054 7,042 7,634 7,100 -0.6

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

1

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

adjusted estimates of shipments and new orders include adjusted data for non-calendar reporters. Seasonally adjusted estimates include concurrent adjustments for holiday

and trading-day differences, where appropriate, as well as seasonal variation, based on the results of the latest annual review of the model parameters. Estimates are not

adjusted for price changes.

2

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

See note at end of Table 2 relating to survey error and revision.
 5

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 Jan.

Jan. Dec. Nov. Dec. - Nov. - Oct. - Jan. Dec. Nov. Jan. 2016/

2016p 2015r 2015 Jan. Dec. Nov. 2016p 2015r 2015 2015 2015

 All manufacturing industries...................... 637,472 640,210 641,344 -0.4 -0.2 -0.3 633,665 622,139 641,611 645,991 -1.9

 Excluding transportation........................ 505,408 508,745 511,341 -0.7 -0.5 -0.2 502,028 494,739 511,328 517,649 -3.0

 Excluding defense............................. 609,994 613,763 614,895 -0.6 -0.2 -0.2 606,406 596,031 615,148 620,295 -2.2

 With unfilled orders............................. 321,226 322,000 322,027 -0.2 0.0 -0.4 320,082 313,528 321,919 326,110 -1.8

 Durable goods industries........................ 395,731 396,322 395,663 -0.1 0.2 -0.3 394,891 385,843 395,545 399,017 -1.0

 Wood products........................................ 11,235 11,242 11,258 -0.1 -0.1 0.4 11,422 11,064 11,212 11,150 2.4

 Nonmetallic mineral products..................... 13,106 13,115 13,068 -0.1 0.4 1.0 13,135 12,815 12,665 13,083 0.4

 Primary metals......................................... 33,478 34,276 34,971 -2.3 -2.0 -1.9 34,039 34,310 34,785 40,429 -15.8

 Iron and steel mills............................... 18,211 19,228 19,882 -5.3 -3.3 -1.6 18,701 19,378 19,795 24,192 -22.7

 Aluminum and nonferrous metals............ 13,243 13,045 13,135 1.5 -0.7 -2.6 13,315 12,973 13,061 14,266 -6.7

 Ferrous metal foundries........................ 2,024 2,003 1,954 1.0 2.5 -0.3 2,023 1,959 1,929 1,971 2.6

 Fabricated metal products......................... 48,537 48,719 49,011 -0.4 -0.6 -0.1 48,584 47,917 48,421 49,213 -1.3

 Machinery.............................................. 65,939 66,184 65,944 -0.4 0.4 0.0 65,336 63,596 66,383 66,223 -1.3

 Farm machinery.................................. 3,135 3,175 3,215 -1.3 -1.2 1.1 3,218 3,168 3,173 3,699 -13.0

 Construction machinery......................... 6,647 6,692 6,748 -0.7 -0.8 -2.4 6,546 6,562 6,730 6,805 -3.8

 Mining, oil field, 

 and gas field machinery.................... 5,432 5,390 5,328 0.8 1.2 -0.4 5,340 5,108 5,249 6,019 -11.3

 Industrial machinery............................. 6,226 6,318 6,138 -1.5 2.9 1.6 6,126 6,143 6,218 6,160 -0.6

 Photographic equipment....................... 1,406 1,403 1,433 0.2 -2.1 3.3 1,424 1,345 1,477 1,349 5.6

 Ventilation, heating, air-conditioning,

 and refrigeration equipment............... 5,096 5,147 5,146 -1.0 0.0 0.5 4,905 4,672 5,003 5,077 -3.4

 Metalworking machinery........................ 5,639 5,574 5,525 1.2 0.9 0.4 5,501 5,415 5,578 5,448 1.0

 Turbines, generators, and other

 power transmission equipment............ 10,019 10,172 10,079 -1.5 0.9 -0.1 9,923 9,555 10,422 9,947 -0.2

 Material handling equipment.................. 4,290 4,286 4,241 0.1 1.1 -0.1 4,166 4,011 4,337 3,846 8.3

 Computers and electronic products2

............ 44,763 44,839 44,823 -0.2 0.0 0.0 44,418 43,532 45,123 44,746 -0.7

 Computers......................................... 1,124 1,106 1,074 1.6 3.0 -1.4 1,083 994 1,087 1,094 -1.0

 Computer storage devices.................... 1,346 1,300 1,302 3.5 -0.2 1.6 1,332 1,192 1,382 1,488 -10.5

 Other peripheral equipment................... 1,084 1,079 1,059 0.5 1.9 2.2 1,080 998 1,110 1,373 -21.3

 Nondefense communications

 equipment...................................... 4,412 4,435 4,528 -0.5 -2.1 -1.4 4,424 4,271 4,678 5,016 -11.8

 Defense communications equipment........ 733 713 845 2.8 -15.6 1.4 733 713 845 804 -8.8

 Audio and video equipment.................... 752 767 741 -2.0 3.5 -2.0 735 743 804 753 -2.4

 Electronic components.......................... 7,987 8,117 8,095 -1.6 0.3 0.1 8,121 7,910 7,933 7,843 3.5

 Nondefense search and navigation

 equipment...................................... 3,526 3,505 3,487 0.6 0.5 0.1 3,526 3,412 3,441 3,365 4.8

 Defense search and navigation

 equipment....................................... 3,226 3,185 3,145 1.3 1.3 1.1 3,172 3,080 3,098 2,788 13.8

 Electromedical, measuring 

 and control instruments...................... 14,019 14,203 14,275 -1.3 -0.5 -0.1 13,706 13,750 14,510 14,306 -4.2

 Electrical equipment, appliances, 

 and components.................................... 16,163 16,227 16,315 -0.4 -0.5 -0.2 16,061 15,571 16,183 16,499 -2.7

 Electric lighting equipment..................... 1,934 1,890 1,865 2.3 1.3 0.2 1,945 1,802 1,856 1,865 4.3

 Household appliances........................... 2,110 2,113 2,123 -0.1 -0.5 0.4 2,055 1,909 2,046 1,979 3.8

 Electrical equipment............................. 4,791 4,805 4,841 -0.3 -0.7 -0.3 4,791 4,721 4,913 5,034 -4.8

 Batteries............................................ 1,271 1,308 1,334 -2.8 -1.9 -0.3 1,218 1,211 1,281 1,297 -6.1

 Transportation equipment......................... 132,064 131,465 130,003 0.5 1.1 -0.4 131,637 127,400 130,283 128,342 2.6

 Automobiles....................................... 4,664 4,688 4,492 -0.5 4.4 -3.5 4,635 4,392 4,550 4,680 -1.0

 Light trucks and utility vehicles.............. 4,706 4,647 4,481 1.3 3.7 2.3 4,811 4,177 4,564 3,877 24.1

 Heavy duty trucks ............................... 1,977 1,992 1,903 -0.8 4.7 5.9 2,026 1,842 1,911 1,767 14.7

 Motor vehicle bodies, parts, 

 and trailers...................................... 24,778 25,103 24,833 -1.3 1.1 0.4 24,940 24,525 24,691 24,816 0.5

 Nondefense aircraft and parts................ 67,610 67,580 66,975 0.0 0.9 -0.3 67,116 65,475 67,055 66,180 1.4

 Defense aircraft and parts..................... 12,608 11,824 11,932 6.6 -0.9 0.5 12,563 11,647 11,928 12,846 -2.2

 Ships and boats.................................. 1,984 1,993 2,119 -0.5 -5.9 -2.1 1,991 2,035 2,130 2,266 -12.1

 Furniture and related products.................... 7,406 7,314 7,336 1.3 -0.3 0.4 7,328 7,092 7,336 6,893 6.3

 Miscellaneous durable goods..................... 23,040 22,941 22,934 0.4 0.0 0.3 22,931 22,546 23,154 22,439 2.2

 Nondurable goods industries...................... 241,741 243,888 245,681 -0.9 -0.7 -0.3 238,774 236,296 246,066 246,974 -3.3

 Food products........................................ 52,977 52,956 53,141 0.0 -0.3 -0.5 52,685 52,504 55,481 52,740 -0.1

 Grain and oilseed milling........................ 5,814 5,784 5,926 0.5 -2.4 -0.1 6,115 5,966 6,349 6,249 -2.1

 Dairy products.................................... 8,228 8,333 8,195 -1.3 1.7 0.1 7,930 7,756 7,871 8,050 -1.5

 Meat, poultry, and seafood products....... 8,770 8,707 8,830 0.7 -1.4 -4.1 8,580 8,443 9,067 9,418 -8.9

 Beverage and tobacco products................ 19,969 20,000 19,911 -0.2 0.4 0.7 20,185 20,041 20,343 19,999 0.9

 Beverages......................................... 15,783 15,802 15,711 -0.1 0.6 0.9 15,785 15,678 15,998 15,617 1.1

 Tobacco............................................ 4,186 4,198 4,200 -0.3 0.0 -0.1 4,400 4,363 4,345 4,382 0.4

 Textile mills............................................ 3,245 3,238 3,251 0.2 -0.4 -0.4 3,251 3,190 3,227 3,281 -0.9

 Textile products...................................... 3,037 3,000 3,013 1.2 -0.4 0.5 3,047 2,919 2,986 3,002 1.5

 Apparel................................................. 2,873 2,803 2,749 2.5 2.0 1.9 2,856 2,624 2,665 2,511 13.7

 Leather and allied products....................... 861 858 858 0.3 0.0 -0.3 858 845 866 869 -1.3

 Paper products....................................... 16,539 16,639 16,609 -0.6 0.2 -0.2 16,585 16,446 16,487 16,644 -0.4

 Pulp, paper, and paperboard mills........... 7,263 7,403 7,348 -1.9 0.7 0.3 7,326 7,357 7,261 7,338 -0.2

 Paperboard containers......................... 4,642 4,621 4,645 0.5 -0.5 -1.0 4,657 4,593 4,609 4,725 -1.4

 Printing.................................................. 6,044 6,005 5,956 0.6 0.8 1.3 5,792 5,661 5,902 5,441 6.5

 Petroleum and coal products..................... 30,106 31,988 33,496 -5.9 -4.5 -1.8 27,779 29,140 33,168 35,193 -21.1

 Petroleum refineries............................. 25,648 27,480 28,968 -6.7 -5.1 -1.9 23,225 24,658 28,734 30,192 -23.1

 Chemical products..................................... 81,680 82,005 82,318 -0.4 -0.4 0.0 81,418 79,318 80,888 82,551 -1.4

 Pesticides, fertilizers, and other

 agricultural chemicals........................ 4,640 4,646 4,740 -0.1 -2.0 1.6 5,026 4,780 4,719 5,147 -2.4

 Pharmaceuticals and medicines.............. 32,475 32,675 33,061 -0.6 -1.2 0.1 32,074 31,119 32,407 30,780 4.2

 Paints, coatings, and adhesives.............. 3,715 3,726 3,690 -0.3 1.0 -0.5 3,743 3,566 3,544 3,785 -1.1

 Plastics and rubber products..................... 24,410 24,396 24,379 0.1 0.1 0.2 24,318 23,608 24,053 24,743 -1.7

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. 

See note at end of Table 2 relating to survey error and revision.
 6 

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. 2016/

2016p 2015r 2015 Jan. Dec. Nov. 2016p 2015r 2015 2015 2016p 2015 2015

SHIPMENTS

 All manufacturing industries................... 468,386 467,019 473,836 0.3 -1.4 -0.1 420,404 460,778 456,512 437,829 420,404 437,829 -4.0

 Construction materials and supplies....... 47,197 47,115 46,661 0.2 1.0 0.4 40,576 41,837 43,378 40,979 40,576 40,979 -1.0

 Information technology......................... 23,756 24,105 24,134 -1.4 -0.1 -0.5 19,591 27,732 23,287 19,661 19,591 19,661 -0.4

 Computers and related products........... 1,955 1,836 1,930 6.5 -4.9 -4.8 1,373 2,632 1,670 1,450 1,373 1,450 -5.3

 Motor vehicle and parts......................... 54,094 52,520 52,186 3.0 0.6 1.1 46,920 48,145 50,059 43,187 46,920 43,187 8.6

 Capital goods...................................... 87,655 85,186 89,680 2.9 -5.0 0.7 72,690 94,568 85,835 75,236 72,690 75,236 -3.4

 Nondefense capital goods3

.................. 78,027 75,135 79,871 3.8 -5.9 1.8 65,166 83,385 75,639 67,871 65,166 67,871 -4.0

 Excluding aircraft............................. 68,492 68,767 68,361 -0.4 0.6 -1.2 59,126 74,045 64,690 61,505 59,126 61,505 -3.9

 Defense capital goods4........................ 9,628 10,051 9,809 -4.2 2.5 -7.7 7,524 11,183 10,196 7,365 7,524 7,365 2.2

 Consumer goods.................................. 181,932 183,869 186,471 -1.1 -1.4 -0.6 167,520 181,449 184,043 175,892 167,520 175,892 -4.8

 Consumer durable goods..................... 37,422 36,521 36,516 2.5 0.0 2.0 31,899 35,287 35,373 29,771 31,899 29,771 7.1

 Consumer nondurable goods................ 144,510 147,348 149,955 -1.9 -1.7 -1.2 135,621 146,162 148,670 146,121 135,621 146,121 -7.2

 All manufacturing industries5

................... 463,938 456,485 470,030 1.6 -2.9 -0.7 419,275 466,376 452,999 433,463 419,275 433,463 -3.3

 Construction materials and supplies....... 47,283 47,309 46,624 -0.1 1.5 1.2 41,017 41,610 42,559 41,349 41,017 41,349 -0.8

 Information technology......................... 24,795 24,426 24,830 1.5 -1.6 2.1 21,098 28,762 22,612 20,289 21,098 20,289 4.0

 Computers and related products........... 1,920 1,807 2,016 6.3 -10.4 -1.9 1,338 2,603 1,756 1,476 1,338 1,476 -9.3

 Motor vehicle and parts......................... 53,712 52,196 52,107 2.9 0.2 1.0 46,806 48,572 50,725 43,743 46,806 43,743 7.0

 Capital goods...................................... 89,188 74,348 89,995 20.0 -17.4 -2.3 75,268 96,212 87,510 72,927 75,268 72,927 3.2

 Nondefense capital goods3

.................. 78,928 65,214 75,818 21.0 -14.0 -7.9 66,908 83,000 74,870 67,578 66,908 67,578 -1.0

 Excluding aircraft............................. 68,780 66,495 68,930 3.4 -3.5 -0.9 61,981 70,473 64,143 65,184 61,981 65,184 -4.9

 Defense capital goods4........................ 10,260 9,134 14,177 12.3 -35.6 45.6 8,360 13,212 12,640 5,349 8,360 5,349 56.3

 Consumer goods.................................. 181,884 183,845 186,497 -1.1 -1.4 -0.6 167,575 181,375 184,237 176,128 167,575 176,128 -4.9

 Consumer durable goods..................... 37,374 36,497 36,542 2.4 -0.1 1.8 31,954 35,213 35,567 30,007 31,954 30,007 6.5

 Consumer nondurable goods.............. 144,510 147,348 149,955 -1.9 -1.7 -1.2 135,621 146,162 148,670 146,121 135,621 146,121 -7.2

 All manufacturing industries5

................... 1,188,089 1,187,486 1,193,154 0.1 -0.5 0.1 1,195,917 1,191,250 1,181,475 1,216,286 (X) (X) -1.7

 Construction materials and supplies....... 54,362 54,276 54,082 0.2 0.4 -0.1 53,255 52,814 53,041 54,012 (X) (X) -1.4

 Information technology......................... 137,972 136,933 136,612 0.8 0.2 0.5 137,352 135,845 134,815 130,845 (X) (X) 5.0

 Computers and related products........... 2,618 2,653 2,682 -1.3 -1.1 3.3 2,618 2,653 2,682 2,498 (X) (X) 4.8

 Motor vehicle and parts......................... 20,915 21,297 21,621 -1.8 -1.5 -0.4 21,658 21,772 21,345 22,586 (X) (X) -4.1

 Capital goods...................................... 895,271 893,738 904,576 0.2 -1.2 0.0 900,546 897,968 896,324 921,925 (X) (X) -2.3

 Nondefense capital goods3

.................. 744,214 743,313 753,234 0.1 -1.3 -0.5 749,957 748,215 748,600 768,701 (X) (X) -2.4

 Excluding aircraft............................. 244,490 244,202 246,474 0.1 -0.9 0.2 242,852 239,997 243,569 250,045 (X) (X) -2.9

 Defense capital goods4

........................ 151,057 150,425 151,342 0.4 -0.6 3.0 150,589 149,753 147,724 153,224 (X) (X) -1.7

 Consumer goods.................................. 5,269 5,317 5,341 -0.9 -0.4 0.5 5,285 5,230 5,304 5,499 (X) (X) -3.9

 Consumer durable goods..................... 5,269 5,317 5,341 -0.9 -0.4 0.5 5,285 5,230 5,304 5,499 (X) (X) -3.9

 All manufacturing industries................... 637,472 640,210 641,344 -0.4 -0.2 -0.3 633,665 622,139 641,611 645,991 (X) (X) -1.9

 Construction materials and supplies....... 64,872 65,001 65,045 -0.2 -0.1 0.0 64,971 63,401 63,812 65,569 (X) (X) -0.9

 Information technology......................... 37,803 37,930 38,162 -0.3 -0.6 0.0 37,384 36,549 38,648 38,797 (X) (X) -3.6

 Computers and related products........... 3,554 3,485 3,435 2.0 1.5 0.8 3,495 3,184 3,579 3,955 (X) (X) -11.6

 Motor vehicle and parts......................... 36,125 36,430 35,709 -0.8 2.0 0.4 36,412 34,936 35,716 35,140 (X) (X) 3.6

 Capital goods...................................... 197,591 196,762 196,003 0.4 0.4 -0.4 195,582 190,203 197,428 196,159 (X) (X) -0.3

 Nondefense capital goods3

.................. 175,271 175,409 174,627 -0.1 0.4 -0.2 173,436 169,012 176,034 175,370 (X) (X) -1.1

 Excluding aircraft............................. 118,978 119,295 119,124 -0.3 0.1 0.1 117,659 115,082 120,476 120,090 (X) (X) -2.0

 Defense capital goods4

........................ 22,320 21,353 21,376 4.5 -0.1 -2.1 22,146 21,191 21,394 20,789 (X) (X) 6.5

 Consumer goods.................................. 182,298 184,247 185,748 -1.1 -0.8 -0.3 179,796 177,795 187,766 183,071 (X) (X) -1.8

 Consumer durable goods..................... 30,412 30,281 29,939 0.4 1.1 -0.1 30,740 29,009 30,203 28,832 (X) (X) 6.6

 Consumer nondurable goods................ 151,886 153,966 155,809 -1.4 -1.2 -0.4 149,056 148,786 157,563 154,239 (X) (X) -3.4

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.

See note at end of Table 2 relating to survey error and revision.

NEW ORDERS 

UNFILLED ORDERS 

TOTAL INVENTORIES 
 7

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 Jan.

Jan. Dec. Nov. Dec. - Nov. - Oct. - Jan. Dec. Nov. Jan. 2016/

2016p 2015r 2015 Jan. Dec. Nov. 2016p 2015r 2015 2015 2015

MATERIALS AND SUPPLIES

 All manufacturing industries....................... 210,697 210,935 211,657 -0.1 -0.3 -0.3 211,236 209,278 210,890 217,783 -3.0

 Durable goods industries.......................... 131,660 131,521 131,440 0.1 0.1 -0.6 132,157 130,607 131,210 135,230 -2.3

 Wood products................................... 4,334 4,374 4,398 -0.9 -0.5 -0.7 4,489 4,473 4,511 4,500 -0.2

 Nonmetallic mineral products................. 5,045 4,983 4,970 1.2 0.3 0.9 5,027 4,943 4,916 4,890 2.8

 Primary metals.................................... 13,234 13,406 13,583 -1.3 -1.3 -1.7 13,593 13,827 13,724 15,910 -14.6

 Fabricated metal products........................ 17,288 17,344 17,613 -0.3 -1.5 -0.4 17,426 17,389 17,431 18,247 -4.5

 Machinery.......................................... 25,336 25,654 25,604 -1.2 0.2 -0.9 25,044 24,799 25,514 25,843 -3.1

 Computers and electronic products........ 18,588 18,738 18,590 -0.8 0.8 -0.1 18,658 18,636 18,562 18,961 -1.6

 Electrical equipment, appliances,

 and components............................... 6,210 6,292 6,408 -1.3 -1.8 -0.6 6,225 6,180 6,365 6,699 -7.1

 Transportation equipment..................... 30,095 29,294 28,821 2.7 1.6 -0.6 30,189 29,056 28,786 28,731 5.1

 Furniture and related products............... 3,858 3,770 3,792 2.3 -0.6 -0.7 3,860 3,725 3,762 3,655 5.6

 Miscellaneous products......................... 7,672 7,666 7,661 0.1 0.1 -0.1 7,646 7,579 7,639 7,794 -1.9

 Nondurable goods industries...................... 79,037 79,414 80,217 -0.5 -1.0 0.1 79,079 78,671 79,680 82,553 -4.2

 Food products.................................... 17,715 17,779 17,961 -0.4 -1.0 0.4 17,971 18,170 18,580 18,474 -2.7

 Beverage and tobacco products................. 5,071 5,081 5,143 -0.2 -1.2 -0.1 5,246 5,176 5,183 5,343 -1.8

 Textiles.............................................. 1,201 1,199 1,189 0.2 0.8 -0.3 1,199 1,188 1,172 1,170 2.5

 Textile products................................... 1,144 1,134 1,136 0.9 -0.2 0.4 1,144 1,125 1,121 1,169 -2.1

 Apparel............................................. 883 874 891 1.0 -1.9 -2.1 866 838 881 809 7.0

 Leather and allied products.................... 250 255 256 -2.0 -0.4 0.0 247 258 256 250 -1.2

 Paper products.................................... 8,524 8,595 8,547 -0.8 0.6 -0.2 8,574 8,565 8,467 8,630 -0.6

 Printing ............................................. 2,796 2,775 2,756 0.8 0.7 -0.1 2,727 2,654 2,738 2,704 0.9

 Petroleum and coal products................. 6,753 7,141 7,817 -5.4 -8.6 -3.3 6,243 6,471 7,520 8,211 -24.0

 Chemical products................................ 24,959 24,887 24,775 0.3 0.5 1.0 25,038 24,591 24,189 25,592 -2.2

 Plastics and rubber products.................. 9,741 9,694 9,746 0.5 -0.5 0.3 9,824 9,635 9,573 10,201 -3.7

WORK IN PROCESS

 All manufacturing industries....................... 198,882 200,764 200,578 -0.9 0.1 -0.7 197,621 194,507 201,292 202,147 -2.2

 Durable goods industries.......................... 154,290 154,684 154,016 -0.3 0.4 -0.5 153,314 149,627 154,065 154,766 -0.9

 Wood products................................... 2,435 2,404 2,348 1.3 2.4 0.3 2,436 2,332 2,314 2,247 8.4

 Nonmetallic mineral products................. 1,539 1,524 1,516 1.0 0.5 1.8 1,542 1,454 1,439 1,474 4.6

 Primary metals.................................... 9,738 10,308 10,633 -5.5 -3.1 -1.7 9,856 9,965 10,576 12,031 -18.1

 Fabricated metal products........................ 12,927 12,986 12,981 -0.5 0.0 -0.5 12,822 12,671 12,977 13,124 -2.3

 Machinery.......................................... 20,053 19,467 19,355 3.0 0.6 1.5 19,862 18,352 19,908 19,678 0.9

 Computers and electronic products........ 14,970 15,053 14,838 -0.6 1.4 -1.7 14,635 14,279 14,729 14,513 0.8

 Electrical equipment, appliances,

 and components............................... 3,777 3,766 3,710 0.3 1.5 -0.6 3,757 3,628 3,687 3,894 -3.5

 Transportation equipment..................... 83,731 84,149 83,596 -0.5 0.7 -0.7 83,350 82,096 83,379 83,279 0.1

 Furniture and related products............... 1,069 1,062 1,066 0.7 -0.4 3.9 1,070 1,050 1,058 1,007 6.3

 Miscellaneous products......................... 4,051 3,965 3,973 2.2 -0.2 1.7 3,984 3,800 3,998 3,519 13.2

 Nondurable goods industries...................... 44,592 46,080 46,562 -3.2 -1.0 -1.3 44,307 44,880 47,227 47,381 -6.5

 Food products.................................... 5,682 5,671 5,669 0.2 0.0 -0.8 5,981 6,112 6,591 5,663 5.6

 Beverage and tobacco products................. 6,999 7,034 7,057 -0.5 -0.3 -0.1 7,359 7,511 7,566 7,421 -0.8

 Textiles.............................................. 749 750 763 -0.1 -1.7 -0.9 749 727 764 783 -4.3

 Textile products................................... 469 463 460 1.3 0.7 0.0 470 435 458 434 8.3

 Apparel............................................. 322 329 325 -2.1 1.2 2.2 309 292 306 326 -5.2

 Leather and allied products.................... 105 98 101 7.1 -3.0 -1.9 106 96 103 95 11.6

 Paper products.................................... 1,309 1,308 1,339 0.1 -2.3 2.3 1,310 1,276 1,325 1,275 2.7

 Printing ............................................. 1,492 1,518 1,500 -1.7 1.2 3.5 1,396 1,394 1,482 1,191 17.2

 Petroleum and coal products................. 7,723 8,153 8,293 -5.3 -1.7 -6.4 6,853 7,173 8,121 9,219 -25.7

 Chemical products................................ 17,024 18,037 18,329 -5.6 -1.6 -0.7 17,029 17,256 17,804 18,278 -6.8

 Plastics and rubber products.................. 2,718 2,719 2,726 0.0 -0.3 1.6 2,745 2,608 2,707 2,696 1.8

FINISHED GOODS

 All manufacturing industries....................... 227,893 228,511 229,109 -0.3 -0.3 0.2 224,808 218,354 229,429 226,061 -0.6

 Durable goods industries.......................... 109,781 110,117 110,207 -0.3 -0.1 0.4 109,420 105,609 110,270 109,021 0.4

 Wood products................................... 4,466 4,464 4,512 0.0 -1.1 1.6 4,497 4,259 4,387 4,403 2.1

 Nonmetallic mineral products................. 6,522 6,608 6,582 -1.3 0.4 0.9 6,566 6,418 6,310 6,719 -2.3

 Primary metals.................................... 10,506 10,562 10,755 -0.5 -1.8 -2.5 10,590 10,518 10,485 12,488 -15.2

 Fabricated metal products........................ 18,322 18,389 18,417 -0.4 -0.2 0.4 18,336 17,857 18,013 17,842 2.8

 Machinery.......................................... 20,550 21,063 20,985 -2.4 0.4 -0.1 20,430 20,445 20,961 20,702 -1.3

 Computers and electronic products........ 11,205 11,048 11,395 1.4 -3.0 2.7 11,125 10,617 11,832 11,272 -1.3

 Electrical equipment, appliances,

 and components............................... 6,176 6,169 6,197 0.1 -0.5 0.4 6,079 5,763 6,131 5,906 2.9

 Transportation equipment..................... 18,238 18,022 17,586 1.2 2.5 1.4 18,098 16,248 18,118 16,332 10.8

 Furniture and related products............... 2,479 2,482 2,478 -0.1 0.2 0.6 2,398 2,317 2,516 2,231 7.5

 Miscellaneous products......................... 11,317 11,310 11,300 0.1 0.1 0.0 11,301 11,167 11,517 11,126 1.6

 Nondurable goods industries...................... 118,112 118,394 118,902 -0.2 -0.4 0.0 115,388 112,745 119,159 117,040 -1.4

 Food products.................................... 29,580 29,506 29,511 0.3 0.0 -1.0 28,733 28,222 30,310 28,603 0.5

 Beverage and tobacco products................. 7,899 7,885 7,711 0.2 2.3 1.9 7,580 7,354 7,594 7,235 4.8

 Textiles.............................................. 1,295 1,289 1,299 0.5 -0.8 -0.2 1,303 1,275 1,291 1,328 -1.9

 Textile products................................... 1,424 1,403 1,417 1.5 -1.0 0.9 1,433 1,359 1,407 1,399 2.4

 Apparel............................................. 1,668 1,600 1,533 4.3 4.4 4.3 1,681 1,494 1,478 1,376 22.2

 Leather and allied products.................... 506 505 501 0.2 0.8 -0.2 505 491 507 524 -3.6

 Paper products.................................... 6,706 6,736 6,723 -0.4 0.2 -0.7 6,701 6,605 6,695 6,739 -0.6

 Printing ............................................. 1,756 1,712 1,700 2.6 0.7 1.9 1,669 1,613 1,682 1,546 8.0

 Petroleum and coal products................. 15,630 16,694 17,386 -6.4 -4.0 1.2 14,683 15,496 17,527 17,763 -17.3

 Chemical products................................ 39,697 39,081 39,214 1.6 -0.3 -0.3 39,351 37,471 38,895 38,681 1.7

 Plastics and rubber products.................. 11,951 11,983 11,907 -0.3 0.6 -0.2 11,749 11,365 11,773 11,846 -0.8

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.

See note at end of Table 2 relating to survey error and revisions.
 8

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

2016p 2015r 2015 2015 2016p 2015r 2015 2015

All manufacturing industries3............................ 1.36 1.37 1.35 1.36 (X) (X) (X) (X)

Durable goods industries3.................................. 1.64 1.67 1.64 1.65 6.93 7.08 6.94 6.96

 Wood products.............................................. 1.35 1.33 1.36 1.37 (X) (X) (X) (X)

 Nonmetallic mineral products......................... 1.32 1.33 1.33 1.33 (X) (X) (X) (X)

 Primary metals.............................................. 1.73 1.79 1.78 1.78 1.79 1.81 1.77 1.75

 Fabricated metal products.............................. 1.61 1.64 1.66 1.66 2.80 2.84 2.85 2.86

 Machinery..................................................... 1.98 2.00 2.04 2.01 3.51 3.56 3.70 3.65

 Computers and electronic products3

................ 1.50 1.50 1.49 1.50 5.98 5.89 5.86 5.84

 Electrical equipment, appliances,

 and components........................................ 1.64 1.63 1.65 1.62 2.49 2.42 2.41 2.38

 Transportation equipment.............................. 1.65 1.74 1.62 1.66 14.90 15.85 14.58 15.00

 Furniture and related products........................ 1.14 1.13 1.13 1.13 1.39 1.38 1.39 1.38

 Miscellaneous products.................................. 1.59 1.56 1.56 1.57 (X) (X) (X) (X)

Nondurable goods industries............................. 1.07 1.06 1.06 1.05 (X) (X) (X) (X)

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

 Beverage and tobacco products...................... 1.54 1.60 1.56 1.52 (X) (X) (X) (X)

 Textiles........................................................ 1.28 1.28 1.26 1.26 (X) (X) (X) (X)

 Textile products............................................ 1.56 1.57 1.53 1.52 (X) (X) (X) (X)

 Apparel......................................................... 2.50 2.40 2.34 2.34 (X) (X) (X) (X)

 Leather and allied products............................. 2.00 2.05 2.04 1.98 (X) (X) (X) (X)

 Paper products.............................................. 1.03 1.04 1.03 1.03 (X) (X) (X) (X)

 Printing......................................................... 0.84 0.82 0.82 0.81 (X) (X) (X) (X)

 Petroleum and coal products........................... 0.84 0.80 0.80 0.80 (X) (X) (X) (X)

 Chemical products......................................... 1.27 1.28 1.28 1.28 (X) (X) (X) (X)

 Plastics and rubber products........................... 1.28 1.29 1.30 1.29 (X) (X) (X) (X)

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.

Jan3 Jan3 Jan3 Jan3

Industry 2015- 2015- 2015- 2015-

Jan2 Dec Jan2 Dec Jan2 Dec Jan2 Dec

2016 2015 2016 2015 2016 2015 2016 2015

 

All manufacturing industries.................. (X) 0.2 (X) 0.3 (X) 0.0 (X) 0.2

Durable goods industries....................... 0.1 0.3 -0.2 0.6 0.0 0.0 0.0 0.1

 Wood products................................... (X) 0.6 (X) (NA) (X) (NA) (X) 0.3

 Nonmetallic mineral products.............. (X) 0.4 (X) (NA) (X) (NA) (X) 0.3

 Primary metals.................................... 0.5 0.6 -0.1 1.0 0.0 0.5 -0.3 0.5

 Fabricated metal products.................... -0.1 0.2 0.0 0.4 0.0 0.1 0.0 0.2

 Machinery.......................................... -0.1 0.8 -0.3 1.0 0.0 0.1 -0.1 0.2

 Computers and electronic products..... 0.8 0.3 0.0 0.6 0.0 0.1 0.1 0.3

 Electrical equipment, appliances,

 and components............................. -1.7 0.3 -1.6 1.3 -0.2 0.4 -0.2 0.3

 Transportation equipment.................... -0.1 0.4 -0.1 1.1 0.0 0.0 0.0 0.2

 Furniture and related products............. (X) 0.3 (X) 0.4 (X) 0.5 (X) 0.4

 Miscellaneous products...................... (X) 0.4 (X) 0.5 (X) 0.4 (X) 0.3

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) 0.3 (X) (NA) (X) (NA) (X) 0.3

 Textiles............................................. (X) 0.6 (X) (NA) (X) (NA) (X) 0.4

 Textile products.................................. (X) 1.9 (X) (NA) (X) (NA) (X) 0.4

 Apparel.............................................. (X) 1.2 (X) (NA) (X) (NA) (X) 0.9

 Leather and allied products.................... (X) 1.8 (X) (NA) (X) (NA) (X) 0.5

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

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

 Petroleum and coal products................. (X) 0.6 (X) (NA) (X) (NA) (X) 1.3

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

 Plastics and rubber products................. (X) 0.3 (X) (NA) (X) (NA) (X) 0.2

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.

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
9 

Survey Description 

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 

4,800 reporting units that represent approximately 3,000 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 61 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 54 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 

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

Additional survey documentation can be found on our web site: http://www.census.gov/m3. 

Benchmark notice 

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

issued on May 18, 2016. These revisions result from: 

 benchmarking the 2008-2011 Annual Survey of Manufactures (ASM) shipments and inventories 

data to the revised 2012 Economic Census data on a 2007 North American Industry 

Classification System (NAICS) basis; 

 benchmarking the M3 shipments and inventories data to the 2014 ASM and revised 2013 ASM 

data, as well as the revised 2012 Economic Census data, on a 2012 NAICS basis, and ASM 

benchmarks for prior years on a 2007 NAICS basis; 

 incorporating the unfilled orders to shipments ratios obtained from the 2014/2013 Manufacturers’ 

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

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

applying them to the respective Census or ASM shipments data; 

 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 1997 through March 2016 and the data 

not seasonally adjusted for January 2001 through March 2016. An updated Press Release will contain 

revised monthly tables for January 2016 through March 2016. Please call M3 staff on (301) 763-4832 

with any questions.