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FOR RELEASE AT 10:00 AM EDT, TUESDAY, SEPTEMBER 5, 2023

MONTHLY FULL REPORT ON MANUFACTURERS’ SHIPMENTS, INVENTORIES AND ORDERS 

JULY 2023 

Release Number: CB 23-133 M3-2 (23)-07 

September 5, 2023 — The U.S. Census Bureau announces the July full report on manufacturers’ shipments, 

inventories and orders:

MANUFACTURED GOODS – NEW ORDERS

JULY 2023 $579.4 billion -2.1%°

JUNE 2023 

(revised) $592.1 billion +2.3%°

Next release: October 4, 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, September 5, 

2023. 

Summary

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

decreased $12.7 billion or 2.1 percent to $579.4 billion, the U.S. Census Bureau reported today. This 

followed a 2.3 percent June increase. Shipments, up three consecutive months, increased $2.9 billion or 

0.5 percent to $577.2 billion. This followed a 0.2 percent June increase. Unfilled orders, up seven of the 

last eight months, increased $7.2 billion or 0.5 percent to $1,332.0 billion. This followed a 1.8 percent 

June increase. The unfilled orders-to-shipments ratio was 6.80, up from 6.74 in June. Inventories, up 

following two consecutive monthly decreases, increased $0.6 billion or 0.1 percent to $852.5 billion. This 

followed a 0.2 percent June decrease. The inventories-to-shipments ratio was 1.48, unchanged from June. 

New Orders

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

decreased $15.7 billion or 5.2 percent to $285.5 billion, unchanged from the previously published 

decrease. This followed a 4.3 percent June increase. Transportation equipment, also down following four 

consecutive monthly increases, drove the decrease, $16.5 billion or 14.3 percent to $98.6 billion. New 

orders for manufactured nondurable goods increased $3.1 billion or 1.1 percent to $293.9 billion. 

-0.1%

0.1%

0.9%

-2.4%

1.0%

0.0%

-1.7%

0.6%

0.3% 0.4%

2.3%

-2.1%

-3.0%

-2.0%

-1.0%

0.0%

1.0%

2.0%

3.0%

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

MANUFACTURERS' NEW ORDERS 2022-2023

Seasonally Adjusted, Month-To-Month Percentage Change

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders, September 5, 

2023.
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Shipments

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

decreased $0.2 billion or 0.1 percent to $283.3 billion, down from the previously published virtually 

unchanged increase. This followed a virtually unchanged June increase. Transportation equipment, down 

three of the last four months, drove the decrease, $0.3 billion or 0.3 percent to $91.6 billion. Shipments of 

manufactured nondurable goods, up two consecutive months, increased $3.1 billion or 1.1 percent to 

$293.9 billion. This followed a 0.4 percent June increase. Petroleum and coal products, also up two 

consecutive months, led the increase, $2.8 billion or 4.6 percent to $64.6 billion.

Unfilled Orders

Unfilled orders for manufactured durable goods in July, up seven of the last eight months, increased $7.2

billion or 0.5 percent to $1,332.0 billion, unchanged from the previously published increase. This followed 

a 1.8 percent June increase. Transportation equipment, also up seven of the last eight months, led the 

increase, $7.0 billion or 0.8 percent to $834.1 billion.

Inventories

Inventories of manufactured durable goods in July, down two consecutive months, decreased $0.3 billion 

or virtually unchanged to $522.2 billion, unchanged from the previously published decrease. This followed 

a virtually unchanged June decrease. Transportation equipment, also down two consecutive months, led

the decrease, $0.2 billion or 0.2 percent to $163.8 billion. Inventories of manufactured nondurable goods,

up following five consecutive monthly decreases, increased $0.9 billion or 0.3 percent to $330.3 billion. 

This followed a 0.4 percent June decrease. Petroleum and coal products, also up following five 

consecutive monthly decreases, drove the increase, $1.8 billion or 4.1 percent to $46.0 billion. By stage of 

fabrication, July materials and supplies increased 0.1 percent in both durable and nondurable goods. Work 

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

Finished goods decreased 0.2 percent in durable goods and 0.1 percent in nondurable goods. 

The Advance Report on durable goods for August is scheduled for release on September 27, 2023, at 8:30

a.m. EDT and the Full Report on October 4, 2023, at 10:00 a.m. EDT. View the full schedule in the

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

can be found at <www.census.gov/m3>.
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EXPLANATORY NOTES

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

exclude data for semiconductor manufacturing. 

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

decrease.

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

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

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

Description of the survey 

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Additional survey documentation can be found on our web site: 

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

RESOURCES

API

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

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

before. 

<www.census.gov/developers/>. 

FRED Mobile App

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

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

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

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

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

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

Seasonally Adjusted Not Seasonally Adjusted 

Monthly Percent Change Monthly

Industry % Change

July June May June - May - Apr. - July June May July 2023/

2023p 2023r 2023 July June May 2023p 2023r 2023 2022 2023p 2022 2022

 All manufacturing industries.................. 577,179 574,298 573,181 0.5 0.2 0.4 552,405 609,697 588,352 560,185 3,997,286 3,977,392 0.5

 Excluding transportation................... 485,539 482,379 481,128 0.7 0.3 -0.5 475,955 508,500 496,388 489,457 3,383,024 3,423,700 -1.2

 Excluding defense.............................. 561,578 558,500 557,732 0.6 0.1 0.4 538,488 593,037 573,290 547,041 3,892,777 3,880,889 0.3

 With unfilled orders............................ 195,877 196,617 195,943 -0.4 0.3 1.8 180,412 215,042 199,334 174,651 1,348,135 1,291,202 4.4

 Durable goods industries......................... 283,258 283,448 283,412 -0.1 0.0 2.0 260,099 307,882 288,023 252,509 1,942,206 1,862,018 4.3

 Wood products....................................... 13,361 13,332 13,385 0.2 -0.4 0.8 13,522 14,647 14,634 13,758 94,316 96,826 -2.6

 Nonmetallic mineral products.................... 13,298 13,289 13,297 0.1 -0.1 1.2 13,605 14,752 14,169 13,544 91,866 89,741 2.4

 Primary metals....................................... 26,636 26,824 26,912 -0.7 -0.3 0.5 25,426 28,463 28,154 25,661 190,041 192,886 -1.5

 Iron and steel mills............................ 14,644 14,834 14,942 -1.3 -0.7 0.1 14,132 15,730 15,848 14,738 105,365 104,472 0.9

 Aluminum and nonferrous metals.......... 10,412 10,366 10,320 0.4 0.4 1.3 9,804 10,909 10,537 9,527 72,768 77,310 -5.9

 Ferrous metal foundries....................... 1,580 1,624 1,650 -2.7 -1.6 -0.4 1,490 1,824 1,769 1,396 11,908 11,104 7.2

 Fabricated metal products....................... 35,745 35,688 35,327 0.2 1.0 0.2 34,370 37,895 36,874 34,449 247,408 248,665 -0.5

 Machinery............................................. 37,898 37,792 37,696 0.3 0.3 0.3 35,790 41,428 39,077 34,828 263,541 254,246 3.7

 Farm machinery................................. 2,593 2,593 2,549 0.0 1.7 3.4 2,594 2,709 2,690 3,262 18,412 24,463 -24.7

 Construction machinery..................... 4,195 4,327 4,350 -3.1 -0.5 4.0 4,024 4,915 4,605 3,692 30,378 25,523 19.0

 Mining, oil field, and 

 gas field machinery.......................... 1,771 1,684 1,800 5.2 -6.4 1.9 1,690 1,695 1,807 1,414 11,903 9,788 21.6

 Industrial machinery.......................... 3,707 3,675 3,351 0.9 9.7 -6.7 3,503 4,249 3,194 3,487 25,009 25,417 -1.6

 Photographic equipment...................... 655 654 663 0.2 -1.4 4.2 613 750 677 550 4,384 4,201 4.4

 Ventilation, heating, air-conditioning,

 and refrigeration equipment............ 4,985 4,835 4,864 3.1 -0.6 2.6 5,153 5,906 5,415 4,635 34,074 31,730 7.4

 Metalworking machinery..................... 2,668 2,650 2,764 0.7 -4.1 -3.2 2,374 2,806 2,761 2,521 18,710 19,070 -1.9

 Turbines, generators, and other

 power transmission equipment....... 3,886 4,019 4,076 -3.3 -1.4 -0.5 3,670 4,081 4,248 3,419 27,597 24,603 12.2

 Material handling equipment............... 4,143 4,155 4,062 -0.3 2.3 3.4 3,703 4,365 4,204 3,213 27,665 24,991 10.7

 Computers and electronic products2.......... 29,313 29,227 29,245 0.3 -0.1 0.5 27,470 31,366 27,436 27,164 197,029 192,312 2.5

 Computers........................................ 840 823 843 2.1 -2.4 3.9 854 992 836 748 5,545 5,028 10.3

 Computer storage devices..................... 432 377 428 14.6 -11.9 1.9 388 500 371 313 2,721 2,424 12.3

 Other peripheral equipment................ 693 811 781 -14.5 3.8 -5.4 643 971 643 668 5,138 3,713 38.4

 Nondefense communications

 equipment.................................... 2,825 2,818 2,780 0.2 1.4 -1.9 2,476 3,514 2,509 2,528 19,074 19,241 -0.9

 Defense communications equipment.... 208 198 205 5.1 -3.4 -0.5 200 200 192 187 1,372 1,319 4.0

 Audio and video equipment.................... 750 518 477 44.8 8.6 26.2 658 434 471 360 2,926 2,770 5.6

 Electronic components......................... 4,628 4,710 4,675 -1.7 0.7 2.7 4,512 5,031 4,739 4,587 32,546 32,127 1.3

 Nondefense search and navigation

 equipment...................................... 1,632 1,628 1,649 0.2 -1.3 0.2 1,436 1,756 1,623 1,400 11,083 10,868 2.0

 Defense search and navigation

 equipment..................................... 3,315 3,296 3,292 0.6 0.1 1.3 3,110 3,397 3,237 2,821 22,040 21,205 3.9

 Electromedical, measuring,

 and control instruments................. 8,873 8,907 8,893 -0.4 0.2 -0.1 8,251 9,734 8,337 8,276 59,631 58,841 1.3

 Electrical equipment, appliances, 

 and components................................... 14,063 14,037 14,048 0.2 -0.1 1.0 13,195 15,633 14,308 12,190 97,076 89,284 8.7

 Electric lighting equipment..................... 1,303 1,313 1,296 -0.8 1.3 1.6 1,262 1,398 1,353 1,168 8,886 8,272 7.4

 Household appliances........................ 2,351 2,350 2,365 0.0 -0.6 2.3 2,020 2,602 2,429 2,022 15,893 16,014 -0.8

 Electrical equipment............................ 4,688 4,595 4,559 2.0 0.8 0.2 4,382 5,422 4,631 3,697 32,204 27,496 17.1

 Batteries........................................... 1,388 1,317 1,297 5.4 1.5 -2.6 1,227 1,352 1,267 846 8,822 6,339 39.2

 Transportation equipment........................ 91,640 91,919 92,053 -0.3 -0.1 5.0 76,450 101,197 91,964 70,728 614,262 553,692 10.9

 Automobiles..................................... 8,941 9,002 9,157 -0.7 -1.7 3.0 7,096 9,442 9,430 6,647 60,421 53,877 12.1

 Light trucks and utility vehicles.............. 21,929 21,470 21,761 2.1 -1.3 5.8 17,488 22,888 21,024 16,215 142,729 131,499 8.5

 Heavy duty trucks ............................. 2,961 2,972 2,977 -0.4 -0.2 3.2 2,775 3,231 3,127 2,309 20,288 16,442 23.4

 Motor vehicle bodies, parts, 

 and trailers.................................... 29,208 29,094 28,913 0.4 0.6 0.2 25,509 30,605 30,288 24,979 202,979 194,719 4.2

 Nondefense aircraft and parts................ 13,185 13,788 13,821 -4.4 -0.2 29.2 10,176 18,384 12,694 7,268 82,495 59,425 38.8

 Defense aircraft and parts.................. 4,786 4,829 4,779 -0.9 1.0 -2.9 4,226 5,300 4,723 3,920 32,147 30,268 6.2

 Ships and boats................................. 3,473 3,705 3,754 -6.3 -1.3 -1.8 3,070 3,994 3,995 3,263 26,226 24,139 8.6

 Furniture and related products.................. 6,792 6,876 6,846 -1.2 0.4 0.5 6,793 7,175 6,876 6,909 47,500 47,026 1.0

 Miscellaneous durable goods................. 14,512 14,464 14,603 0.3 -1.0 1.2 13,478 15,326 14,531 13,278 99,167 97,340 1.9

 Nondurable goods industries..................... 293,921 290,850 289,769 1.1 0.4 -1.1 292,306 301,815 300,329 307,676 2,055,080 2,115,374 -2.9

 Food products....................................... 79,433 79,247 79,335 0.2 -0.1 -0.4 76,975 79,276 79,587 77,080 549,758 547,568 0.4

 Grain and oilseed milling....................... 9,715 9,755 9,772 -0.4 -0.2 -1.5 9,436 9,758 9,821 9,644 68,818 68,501 0.5

 Dairy products.................................. 11,444 11,507 11,560 -0.5 -0.5 -0.8 11,310 11,534 11,740 11,763 80,617 80,847 -0.3

 Meat, poultry, and seafood products... 23,912 23,868 24,019 0.2 -0.6 -0.2 23,552 24,935 24,780 24,257 167,769 172,874 -3.0

 Beverage and tobacco products................ 17,818 17,815 17,437 0.0 2.2 1.1 17,937 18,599 18,015 16,099 120,288 106,779 12.7

 Beverages......................................... 10,960 10,782 10,671 1.7 1.0 -0.2 11,079 11,566 11,249 10,242 74,620 69,609 7.2

 Tobacco............................................ 6,858 7,033 6,766 -2.5 3.9 3.3 6,858 7,033 6,766 5,857 45,668 37,170 22.9

 Textile mills........................................... 2,101 2,092 2,103 0.4 -0.5 -0.8 2,100 2,207 2,148 2,253 14,909 15,998 -6.8

 Textile products................................... 1,974 1,990 1,988 -0.8 0.1 -0.4 1,990 2,139 2,072 2,095 14,178 14,729 -3.7

 Apparel................................................ 857 824 870 4.0 -5.3 -1.6 832 782 836 801 5,654 5,436 4.0

 Leather and allied products...................... 480 478 477 0.4 0.2 -1.4 472 482 497 441 3,413 3,060 11.5

 Paper products...................................... 17,292 17,406 17,453 -0.7 -0.3 0.1 16,933 17,949 17,997 16,790 121,753 120,045 1.4

 Pulp, paper, and paperboard mills....... 6,854 6,948 6,936 -1.4 0.2 -1.4 6,855 7,017 7,141 6,684 48,703 46,653 4.4

 Paperboard containers........................ 6,303 6,330 6,378 -0.4 -0.8 2.3 6,093 6,681 6,468 6,120 43,897 44,072 -0.4

 Printing................................................. 7,361 7,319 7,176 0.6 2.0 -1.0 7,035 7,382 7,233 7,028 50,011 48,847 2.4

 Petroleum and coal products.................. 64,645 61,799 61,441 4.6 0.6 -5.0 69,780 65,734 66,554 87,039 460,884 544,081 -15.3

 Petroleum refineries.......................... 59,831 56,968 56,579 5.0 0.7 -5.5 64,507 60,201 61,307 81,718 428,160 512,698 -16.5

 Chemical products..................................... 77,362 77,272 77,034 0.1 0.3 0.1 74,402 80,905 79,808 73,534 541,684 532,878 1.7

 Pesticides, fertilizers, and other

 agricultural chemicals....................... 3,990 3,852 3,752 3.6 2.7 0.2 3,161 3,942 4,119 3,149 28,945 29,850 -3.0

 Pharmaceuticals and medicines............. 24,832 24,733 24,476 0.4 1.1 0.4 23,603 25,604 24,993 22,176 168,417 154,953 8.7

 Paints, coatings, and adhesives.......... 4,163 4,166 4,114 -0.1 1.3 1.6 4,113 4,558 4,614 4,104 29,591 29,648 -0.2

 Plastics and rubber products.................. 24,598 24,608 24,455 0.0 0.6 0.2 23,850 26,360 25,582 24,516 172,548 175,953 -1.9

Year to date

p

 Preliminary 

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

1

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

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

model parameters. Estimates are not adjusted for price changes. 

2

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

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

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

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

0265). 

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, July Full Report, September 5, 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. 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

July June May June - May - Apr. - July June May July 2023/

2023p 2023r 2023 July June May 2023p 2023r 2023 2022 2023p 2022 2022

All manufacturing industries2........................ 579,438 592,112 578,626 -2.1 2.3 0.4 554,308 626,053 588,969 561,920 4,026,507 4,004,734 0.5

 Excluding transportation2...................... 480,804 477,014 475,766 0.8 0.3 -0.4 470,549 500,938 491,447 484,503 3,357,163 3,411,072 -1.6

 Excluding defense2

.............................. 564,380 577,101 560,259 -2.2 3.0 0.9 543,456 608,257 574,298 550,672 3,914,489 3,908,476 0.2

 With unfilled orders2............................. 203,099 219,419 206,456 -7.4 6.3 1.7 187,112 236,087 204,287 181,515 1,411,278 1,352,294 4.4

 Durable goods industries2......................... 285,517 301,262 288,857 -5.2 4.3 2.0 262,002 324,238 288,640 254,244 1,971,427 1,889,360 4.3

 Primary metals........................................ 26,893 26,933 26,901 -0.1 0.1 0.8 25,636 28,182 27,988 25,341 190,636 194,462 -2.0

 Iron and steel mills.............................. 14,791 14,906 14,963 -0.8 -0.4 0.2 14,373 15,611 15,895 14,888 106,137 105,917 0.2

 Aluminum and nonferrous metals.......... 10,531 10,385 10,276 1.4 1.1 2.2 9,775 10,793 10,364 9,087 72,585 77,064 -5.8

 Ferrous metal foundries....................... 1,571 1,642 1,662 -4.3 -1.2 -1.9 1,488 1,778 1,729 1,366 11,914 11,481 3.8

 Fabricated metal products........................ 35,799 35,539 35,267 0.7 0.8 0.1 34,400 37,311 37,951 34,357 252,085 254,971 -1.1

 Machinery............................................. 37,733 37,298 37,537 1.2 -0.6 0.6 35,647 39,706 38,321 35,460 264,450 261,987 0.9

 Construction machinery........................ 4,204 4,278 4,363 -1.7 -1.9 0.0 3,928 4,504 4,323 3,646 29,730 26,471 12.3

 Mining, oil field, and

 gas field machinery.......................... 1,687 1,502 1,709 12.3 -12.1 -4.7 1,606 1,513 1,716 1,403 11,554 9,714 18.9

 Industrial machinery............................ 3,480 3,314 3,640 5.0 -9.0 9.0 3,336 3,697 3,416 4,029 25,354 27,328 -7.2

 Photographic equipment....................... 628 616 643 1.9 -4.2 -4.5 575 588 623 619 4,397 4,094 7.4

 Ventilation, heating, air-conditioning,

 and refrigeration equipment............... 4,885 4,883 4,787 0.0 2.0 1.9 5,020 5,661 5,318 4,997 34,784 34,048 2.2

 Metalworking machinery....................... 2,717 2,573 2,586 5.6 -0.5 -5.7 2,565 2,565 2,526 2,507 18,640 19,383 -3.8

 Turbines, generators, and other 

 power transmission equipment........... 4,136 4,289 4,055 -3.6 5.8 0.4 3,920 4,351 4,227 3,322 27,805 24,443 13.8

 Material handling equipment.................. 4,240 4,149 4,043 2.2 2.6 0.8 3,629 4,639 3,975 3,101 27,797 26,080 6.6

 Computers and electronic products2........... 24,409 24,458 24,165 -0.2 1.2 0.8 22,249 26,919 22,298 21,833 163,495 159,977 2.2

 Computers........................................ 852 834 808 2.2 3.2 0.4 866 1,003 801 758 5,559 5,027 10.6

 Nondefense communications

 equipment...................................... 2,781 2,753 2,647 1.0 4.0 -2.0 2,266 3,391 2,207 2,281 18,263 19,225 -5.0

 Defense communications equipment....... 208 200 209 4.0 -4.3 1.0 200 204 187 181 1,360 1,290 5.4

 Electronic components......................... 4,555 4,658 4,669 -2.2 -0.2 4.9 4,501 4,796 4,591 4,724 31,754 32,311 -1.7

 Nondefense search and navigation

 equipment...................................... 1,724 1,718 1,775 0.3 -3.2 -0.1 1,533 1,895 1,716 1,530 12,023 11,943 0.7

 Defense search and navigation

 equipment...................................... 3,362 3,518 3,351 -4.4 5.0 0.4 2,821 3,957 2,909 2,568 22,856 20,758 10.1

 Electromedical, measuring,

 and control instruments..................... 8,898 8,918 8,866 -0.2 0.6 -0.6 8,228 9,620 8,260 8,303 59,864 59,490 0.6

 Electrical equipment, appliances, 

 and components................................... 14,381 14,222 14,161 1.1 0.4 2.4 13,321 15,493 14,378 12,531 98,645 92,863 6.2

 Electric lighting equipment..................... 1,306 1,344 1,363 -2.8 -1.4 2.4 1,201 1,568 1,333 1,171 9,084 8,383 8.4

 Household appliances.......................... 2,548 2,385 2,382 6.8 0.1 6.8 2,217 2,530 2,435 1,969 16,103 15,387 4.7

 Electrical equipment............................ 4,721 4,555 4,661 3.6 -2.3 1.2 4,459 5,094 4,773 4,129 33,093 31,052 6.6

 Transportation equipment........................ 98,634 115,098 102,860 -14.3 11.9 4.2 83,759 125,115 97,522 77,417 669,344 593,662 12.7

 Motor vehicle bodies, parts, 

 and trailers..................................... 29,295 29,206 28,882 0.3 1.1 -0.1 25,322 29,959 29,498 24,621 202,451 193,925 4.4

 Nondefense aircraft and parts................ 21,167 37,499 21,919 -43.6 71.1 33.4 20,995 41,930 19,317 15,728 132,063 100,084 32.0

 Defense aircraft and parts.................... 4,751 5,334 5,231 -10.9 2.0 -32.2 3,427 6,278 3,891 3,030 36,218 30,881 17.3

 Ships and boats.................................. 3,344 2,564 6,071 30.4 -57.8 56.1 2,430 3,702 4,847 3,578 27,865 24,460 13.9

 Furniture and related products................... 6,578 6,660 6,698 -1.2 -0.6 -1.0 6,466 6,818 6,865 6,729 47,690 47,254 0.9

 Nondurable goods industries..................... 293,921 290,850 289,769 1.1 0.4 -1.1 292,306 301,815 300,329 307,676 2,055,080 2,115,374 -2.9

Year to date

p

 Preliminary 

r

 Revised data due to late receipts and concurrent seasonal adjustment. 

1

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

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

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

2

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

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

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

The Census Bureau has reviewed this data product to ensure appropriate access, use, and disclosure avoidance protection of the confidential source data (Project No. P-6000307, Disclosure Review Board (DRB) approval number: CBDRBFY23-0265). 

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, July Full Report, September 5, 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 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 July

July June May June - May - Apr. - July June May July 2023/

2023p 2023r 2023 July June May 2023p 2023r 2023 2022 2022

All manufacturing industries2...................... 1,331,999 1,324,777 1,301,975 0.5 1.8 0.8 1,333,439 1,326,739 1,305,694 1,250,446 6.6

 Excluding transportation2...................... 497,912 497,684 498,061 0.0 -0.1 -0.1 500,445 501,054 503,927 503,246 -0.6

 Excluding defense2............................. 1,089,313 1,081,548 1,057,959 0.7 2.2 0.7 1,091,202 1,081,437 1,061,528 1,022,948 6.7

 Durable goods industries2

........................ 1,331,999 1,324,777 1,301,975 0.5 1.8 0.8 1,333,439 1,326,739 1,305,694 1,250,446 6.6

 Primary metals........................................ 38,083 37,826 37,717 0.7 0.3 0.0 38,361 38,151 38,432 39,591 -3.1

 Iron and steel mills............................... 22,848 22,701 22,629 0.6 0.3 0.1 23,233 22,992 23,111 23,504 -1.2

 Aluminum and nonferrous metals............. 10,620 10,501 10,482 1.1 0.2 -0.4 10,526 10,555 10,671 11,588 -9.2

 Ferrous metal foundries........................ 4,615 4,624 4,606 -0.2 0.4 0.3 4,602 4,604 4,650 4,499 2.3

 Fabricated metal products......................... 128,960 128,906 129,055 0.0 -0.1 0.0 131,101 131,071 131,655 132,771 -1.3

 Machinery.............................................. 139,251 139,416 139,910 -0.1 -0.4 -0.1 139,266 139,409 141,131 139,402 -0.1

 Construction machinery......................... 10,969 10,960 11,009 0.1 -0.4 0.1 10,739 10,835 11,246 12,292 -12.6

 Mining, oil field, and

 gas field machinery.......................... 4,963 5,047 5,229 -1.7 -3.5 -1.7 4,963 5,047 5,229 5,162 -3.9

 Industrial machinery............................. 11,919 12,146 12,507 -1.9 -2.9 2.4 12,028 12,195 12,747 11,934 0.8

 Photographic equipment........................ 4,051 4,078 4,116 -0.7 -0.9 -0.5 3,856 3,894 4,056 3,517 9.6

 Ventilation, heating, air-conditioning,

 and refrigeration equipment................ 13,542 13,642 13,594 -0.7 0.4 -0.6 13,662 13,795 14,040 12,381 10.3

 Metalworking machinery........................ 9,663 9,614 9,691 0.5 -0.8 -1.8 9,714 9,523 9,764 10,534 -7.8

 Turbines, generators, and other 

 power transmission equipment............ 32,336 32,086 31,816 0.8 0.8 -0.1 32,336 32,086 31,816 32,165 0.5

 Material handling equipment................... 19,513 19,416 19,422 0.5 0.0 -0.1 19,372 19,446 19,172 18,127 6.9

 Computers and electronic products2

............. 134,836 134,777 134,558 0.0 0.2 0.0 134,778 135,202 134,960 134,073 0.5

 Computers......................................... 1,297 1,285 1,274 0.9 0.9 -2.7 1,297 1,285 1,274 1,326 -2.2

 Nondefense communications

 equipment...................................... 16,885 16,929 16,994 -0.3 -0.4 -0.8 16,736 16,946 17,069 17,545 -4.6

 Defense communications equipment........ 240 240 238 0.0 0.8 1.7 234 234 230 255 -8.2

 Electronic components.......................... 16,806 16,879 16,931 -0.4 -0.3 0.0 16,719 16,730 16,965 17,672 -5.4

 Nondefense search and navigation

 equipment....................................... 31,253 31,161 31,071 0.3 0.3 0.4 31,319 31,222 31,083 29,881 4.8

 Defense search and navigation

 equipment....................................... 36,274 36,227 36,005 0.1 0.6 0.2 36,339 36,628 36,068 35,647 1.9

 Electromedical, measuring,

 and control instruments...................... 32,081 32,056 32,045 0.1 0.0 -0.1 32,134 32,157 32,271 31,747 1.2

 Electrical equipment, appliances, 

 and components.................................... 44,027 43,709 43,524 0.7 0.4 0.3 43,984 43,858 43,998 43,056 2.2

 Electric lighting equipment..................... 3,905 3,902 3,871 0.1 0.8 1.8 3,901 3,962 3,792 3,357 16.2

 Household appliances........................... 4,881 4,684 4,649 4.2 0.8 0.4 4,790 4,593 4,665 4,034 18.7

 Electrical equipment............................. 22,577 22,544 22,584 0.1 -0.2 0.5 22,633 22,556 22,884 23,379 -3.2

 Transportation equipment......................... 834,087 827,093 803,914 0.8 2.9 1.4 832,994 825,685 801,767 747,200 11.5

 Motor vehicle bodies, parts, 

 and trailers...................................... 35,300 35,213 35,101 0.2 0.3 -0.1 34,413 34,600 35,246 35,111 -2.0

 Nondefense aircraft and parts................ 579,938 571,956 548,245 1.4 4.3 1.5 580,283 569,464 545,918 507,221 14.4

 Defense aircraft and parts..................... 71,751 71,786 71,281 0.0 0.7 0.6 71,373 72,172 71,194 66,421 7.5

 Ships and boats.................................. 56,103 56,232 57,373 -0.2 -2.0 4.2 56,825 57,465 57,757 52,956 7.3

 Furniture and related products................... 10,732 10,946 11,162 -2.0 -1.9 -1.3 10,932 11,259 11,616 12,075 -9.5

p

 Preliminary 

r

 Revised data due to late receipts and concurrent seasonal adjustment. 

1

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

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

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

2

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

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

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

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

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

CBDRB-FY23-0265). 

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, July Full Report, September 5, 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 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 July

July June May June - May - Apr. - July June May July 2023/

2023p 2023r 2023 July June May 2023p 2023r 2023 2022 2022

 All manufacturing industries...................... 852,536 851,905 853,314 0.1 -0.2 -0.2 856,570 851,895 859,332 860,467 -0.5

 Excluding transportation........................ 688,718 687,840 689,176 0.1 -0.2 -0.3 691,343 688,534 694,458 696,033 -0.7

 Excluding defense............................. 823,148 822,463 823,901 0.1 -0.2 -0.3 827,166 822,357 829,777 831,930 -0.6

 With unfilled orders............................. 422,244 422,620 422,572 -0.1 0.0 0.2 425,021 423,468 426,126 419,807 1.2

 Durable goods industries........................ 522,226 522,478 522,669 0.0 0.0 0.2 524,814 522,292 527,050 518,893 1.1

 Wood products........................................ 15,783 15,831 16,019 -0.3 -1.2 -0.8 15,516 15,575 15,845 16,483 -5.9

 Nonmetallic mineral products..................... 17,137 17,108 17,109 0.2 0.0 0.5 17,208 17,208 17,473 16,405 4.9

 Primary metals......................................... 46,363 46,588 46,831 -0.5 -0.5 0.4 46,679 46,945 47,421 48,521 -3.8

 Iron and steel mills............................... 27,208 27,344 27,425 -0.5 -0.3 0.5 27,470 27,651 27,561 28,755 -4.5

 Aluminum and nonferrous metals............ 16,037 16,091 16,247 -0.3 -1.0 0.1 16,127 16,128 16,645 16,863 -4.4

 Ferrous metal foundries........................ 3,118 3,153 3,159 -1.1 -0.2 1.5 3,082 3,166 3,215 2,903 6.2

 Fabricated metal products......................... 64,886 64,966 64,797 -0.1 0.3 0.4 65,630 65,253 65,547 65,962 -0.5

 Machinery.............................................. 94,865 94,737 94,545 0.1 0.2 0.6 94,269 94,807 95,359 88,275 6.8

 Farm machinery.................................. 5,811 5,765 5,711 0.8 0.9 0.7 5,609 5,616 5,710 5,822 -3.7

 Construction machinery......................... 9,453 9,456 9,397 0.0 0.6 0.5 9,368 9,381 9,491 8,467 10.6

 Mining, oil field, 

 and gas field machinery.................... 5,783 5,868 5,865 -1.4 0.1 1.2 5,800 5,950 5,937 5,288 9.7

 Industrial machinery............................. 11,181 11,248 11,278 -0.6 -0.3 1.2 10,727 11,566 11,339 10,099 6.2

 Photographic equipment....................... 1,469 1,466 1,473 0.2 -0.5 -0.1 1,477 1,435 1,483 1,419 4.1

 Ventilation, heating, air-conditioning,

 and refrigeration equipment............... 9,750 9,709 9,570 0.4 1.5 1.7 9,633 9,736 9,959 8,237 16.9

 Metalworking machinery........................ 7,474 7,428 7,374 0.6 0.7 -0.3 7,566 7,419 7,407 7,250 4.4

 Turbines, generators, and other

 power transmission equipment............ 12,111 11,883 11,841 1.9 0.4 0.1 12,308 11,892 12,001 11,197 9.9

 Material handling equipment.................. 7,932 8,003 8,172 -0.9 -2.1 1.5 7,912 7,992 8,198 7,207 9.8

 Computers and electronic products2

............ 54,921 54,857 54,987 0.1 -0.2 -0.1 55,368 54,641 55,559 55,180 0.3

 Computers......................................... 1,881 1,924 1,953 -2.2 -1.5 -3.3 1,924 2,003 1,995 2,191 -12.2

 Computer storage devices.................... 618 630 623 -1.9 1.1 -3.1 639 618 626 683 -6.4

 Other peripheral equipment................... 1,071 1,059 1,043 1.1 1.5 0.4 1,043 1,040 1,091 950 9.8

 Nondefense communications

 equipment...................................... 4,367 4,373 4,386 -0.1 -0.3 -0.3 4,390 4,346 4,464 4,412 -0.5

 Defense communications equipment........ 634 634 634 0.0 0.0 -1.1 634 634 634 603 5.1

 Audio and video equipment.................... 793 780 820 1.7 -4.9 -4.5 749 788 853 818 -8.4

 Electronic components.......................... 10,640 10,526 10,654 1.1 -1.2 -0.4 10,777 10,449 10,625 11,543 -6.6

 Nondefense search and navigation

 equipment...................................... 4,213 4,211 4,193 0.0 0.4 0.3 4,261 4,177 4,182 4,059 5.0

 Defense search and navigation

 equipment....................................... 3,338 3,348 3,338 -0.3 0.3 -0.2 3,365 3,349 3,408 3,392 -0.8

 Electromedical, measuring 

 and control instruments...................... 18,960 19,004 19,039 -0.2 -0.2 0.1 19,189 18,934 19,412 18,655 2.9

 Electrical equipment, appliances, 

 and components.................................... 26,375 26,304 26,187 0.3 0.4 0.4 26,613 26,522 26,676 25,410 4.7

 Electric lighting equipment..................... 2,538 2,532 2,531 0.2 0.0 1.1 2,524 2,527 2,533 2,519 0.2

 Household appliances........................... 3,627 3,636 3,622 -0.2 0.4 1.0 3,742 3,675 3,677 3,924 -4.6

 Electrical equipment............................. 9,909 9,840 9,654 0.7 1.9 0.5 9,960 9,883 9,960 8,938 11.4

 Batteries............................................ 1,899 1,894 1,891 0.3 0.2 0.4 1,967 2,009 1,996 1,868 5.3

 Transportation equipment......................... 163,818 164,065 164,138 -0.2 0.0 0.0 165,227 163,361 164,874 164,434 0.5

 Automobiles....................................... 5,981 5,879 5,857 1.7 0.4 1.1 6,032 5,706 5,759 5,639 7.0

 Light trucks and utility vehicles.............. 9,150 9,335 9,574 -2.0 -2.5 1.2 9,236 8,969 9,992 9,729 -5.1

 Heavy duty trucks ............................... 2,843 2,856 2,873 -0.5 -0.6 -2.3 2,888 2,903 2,971 2,964 -2.6

 Motor vehicle bodies, parts, 

 and trailers...................................... 35,651 35,373 35,209 0.8 0.5 -0.1 36,154 35,158 35,325 35,630 1.5

 Nondefense aircraft and parts................ 77,248 77,607 77,654 -0.5 -0.1 -0.1 77,803 77,658 77,805 78,668 -1.1

 Defense aircraft and parts..................... 14,126 14,184 14,176 -0.4 0.1 0.6 14,151 14,169 14,214 14,160 -0.1

 Ships and boats.................................. 4,617 4,661 4,586 -0.9 1.6 0.5 4,566 4,737 4,635 4,343 5.1

 Furniture and related products.................... 10,220 10,243 10,358 -0.2 -1.1 -0.7 10,303 10,364 10,519 10,632 -3.1

 Miscellaneous durable goods..................... 27,858 27,779 27,698 0.3 0.3 0.0 28,001 27,616 27,777 27,591 1.5

 Nondurable goods industries...................... 330,310 329,427 330,645 0.3 -0.4 -0.9 331,756 329,603 332,282 341,574 -2.9

 Food products........................................ 71,085 71,423 71,653 -0.5 -0.3 -0.7 69,854 69,645 69,728 69,433 0.6

 Grain and oilseed milling........................ 7,719 7,723 7,696 -0.1 0.4 -2.3 7,560 7,482 7,379 7,728 -2.2

 Dairy products.................................... 10,786 10,820 10,895 -0.3 -0.7 -0.4 11,119 11,168 11,255 10,742 3.5

 Meat, poultry, and seafood products....... 13,194 13,191 13,207 0.0 -0.1 -1.1 13,190 12,931 13,044 13,432 -1.8

 Beverage and tobacco products................ 31,061 31,106 31,019 -0.1 0.3 -0.1 30,405 30,697 31,038 30,100 1.0

 Beverages......................................... 27,408 27,416 27,311 0.0 0.4 -0.1 27,004 27,162 27,401 26,543 1.7

 Tobacco............................................ 3,653 3,690 3,708 -1.0 -0.5 -0.1 3,401 3,535 3,637 3,557 -4.4

 Textile mills............................................ 3,610 3,624 3,615 -0.4 0.2 0.4 3,649 3,625 3,627 3,778 -3.4

 Textile products...................................... 3,676 3,698 3,723 -0.6 -0.7 -0.9 3,653 3,664 3,693 3,935 -7.2

 Apparel................................................. 2,187 2,190 2,194 -0.1 -0.2 -1.3 2,276 2,265 2,197 2,307 -1.3

 Leather and allied products....................... 1,257 1,271 1,284 -1.1 -1.0 0.1 1,284 1,277 1,293 1,309 -1.9

 Paper products....................................... 17,976 18,125 18,321 -0.8 -1.1 -0.4 18,230 18,151 18,374 18,674 -2.4

 Pulp, paper, and paperboard mills........... 5,583 5,657 5,719 -1.3 -1.1 0.1 5,633 5,669 5,752 5,637 -0.1

 Paperboard containers......................... 6,835 6,874 6,969 -0.6 -1.4 -0.6 6,932 6,850 6,955 6,989 -0.8

 Printing.................................................. 6,860 6,902 6,971 -0.6 -1.0 -0.7 6,788 6,813 6,862 7,094 -4.3

 Petroleum and coal products..................... 46,001 44,207 44,400 4.1 -0.4 -4.1 48,231 46,551 46,741 55,571 -13.2

 Petroleum refineries............................. 39,190 37,373 37,476 4.9 -0.3 -4.5 41,348 39,659 39,679 48,516 -14.8

 Chemical products..................................... 112,683 112,804 113,118 -0.1 -0.3 -0.2 113,468 112,979 114,205 114,283 -0.7

 Pesticides, fertilizers, and other

 agricultural chemicals........................ 6,138 6,157 6,092 -0.3 1.1 1.5 5,920 5,920 6,060 5,882 0.6

 Pharmaceuticals and medicines.............. 47,805 47,558 47,401 0.5 0.3 -0.2 48,064 48,225 47,912 46,755 2.8

 Paints, coatings, and adhesives.............. 5,715 5,797 5,862 -1.4 -1.1 -0.9 5,735 5,827 5,941 5,865 -2.2

 Plastics and rubber products..................... 33,914 34,077 34,347 -0.5 -0.8 -0.7 33,918 33,936 34,524 35,090 -3.3

p Preliminary 

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

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

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

Estimates are not adjusted for price changes. 

2

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

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

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

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

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, July Full Report, September 5, 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 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

July June May June - May - Apr. - July June May July 2023/

2023p 2023r 2023 July June May 2023p 2023r 2023 2022 2023p 2022 2022

SHIPMENTS

 All manufacturing industries......................... 577,179 574,298 573,181 0.5 0.2 0.4 552,405 609,697 588,352 560,185 3,997,286 3,977,392 0.5

 Construction materials and supplies....... 62,509 62,390 62,266 0.2 0.2 1.1 62,906 68,672 66,940 62,815 434,372 434,824 -0.1

 Information technology......................... 24,710 24,645 24,696 0.3 -0.2 0.8 23,078 27,255 23,666 22,455 166,216 161,799 2.7

 Computers and related products........... 1,965 2,011 2,052 -2.3 -2.0 -0.2 1,885 2,463 1,850 1,729 13,404 11,165 20.1

 Motor vehicle and parts......................... 63,039 62,538 62,808 0.8 -0.4 2.6 52,868 66,166 63,869 50,150 426,417 396,537 7.5

 Capital goods...................................... 95,706 96,854 96,516 -1.2 0.4 3.2 87,066 108,742 95,243 82,789 652,480 606,455 7.6

 Nondefense capital goods3.................. 82,377 83,296 83,303 -1.1 0.0 3.8 75,174 94,622 82,382 71,458 562,924 523,687 7.5

 Excluding aircraft............................. 73,822 74,034 74,051 -0.3 0.0 0.3 69,140 81,134 74,023 67,664 510,866 489,850 4.3

 Defense capital goods4........................ 13,329 13,558 13,213 -1.7 2.6 -0.9 11,892 14,120 12,861 11,331 89,556 82,768 8.2

 Consumer goods.................................. 245,118 241,450 241,045 1.5 0.2 -0.7 238,405 249,492 247,637 250,282 1,693,346 1,726,237 -1.9

 Consumer durable goods..................... 46,545 45,989 46,507 1.2 -1.1 3.9 38,913 48,727 46,429 37,062 309,613 290,931 6.4

 Consumer nondurable goods................ 198,573 195,461 194,538 1.6 0.5 -1.8 199,492 200,765 201,208 213,220 1,383,733 1,435,306 -3.6

 All manufacturing industries5...................... 579,438 592,112 578,626 -2.1 2.3 0.4 554,308 626,053 588,969 561,920 4,026,507 4,004,734 0.5

 Construction materials and supplies....... 62,270 62,265 62,057 0.0 0.3 1.1 62,330 68,178 67,709 62,627 438,218 441,274 -0.7

 Information technology......................... 24,900 25,037 24,597 -0.5 1.8 0.3 22,540 27,660 22,900 22,144 167,681 163,462 2.6

 Computers and related products........... 1,977 2,022 2,017 -2.2 0.2 -1.7 1,897 2,474 1,815 1,739 13,418 11,164 20.2

 Motor vehicle and parts......................... 63,126 62,650 62,777 0.8 -0.2 2.5 52,681 65,520 63,079 49,792 425,889 395,743 7.6

 Capital goods...................................... 102,159 118,425 106,810 -13.7 10.9 2.6 93,644 130,324 101,219 89,953 708,734 654,988 8.2

 Nondefense capital goods3.................. 89,816 106,376 91,113 -15.6 16.8 6.6 85,101 116,179 88,281 80,422 613,932 576,026 6.6

 Excluding aircraft............................. 73,597 73,559 73,873 0.1 -0.4 0.4 68,419 79,168 73,243 68,070 512,561 501,088 2.3

 Defense capital goods4........................ 12,343 12,049 15,697 2.4 -23.2 -15.8 8,543 14,145 12,938 9,531 94,802 78,962 20.1

 Consumer goods.................................. 245,165 241,403 241,028 1.6 0.2 -0.7 238,583 249,231 247,503 250,223 1,693,444 1,725,605 -1.9

 Consumer durable goods..................... 46,592 45,942 46,490 1.4 -1.2 3.9 39,091 48,466 46,295 37,003 309,711 290,299 6.7

 Consumer nondurable goods.............. 198,573 195,461 194,538 1.6 0.5 -1.8 199,492 200,765 201,208 213,220 1,383,733 1,435,306 -3.6

 All manufacturing industries5...................... 1,331,999 1,324,777 1,301,975 0.5 1.8 0.8 1,333,439 1,326,739 1,305,694 1,250,446 (X) (X) 6.6

 Construction materials and supplies....... 99,723 99,962 100,087 -0.2 -0.1 -0.2 101,593 102,169 102,663 101,702 (X) (X) -0.1

 Information technology......................... 134,745 134,555 134,163 0.1 0.3 -0.1 134,575 135,113 134,708 132,204 (X) (X) 1.8

 Computers and related products........... 1,297 1,285 1,274 0.9 0.9 -2.7 1,297 1,285 1,274 1,326 (X) (X) -2.2

 Motor vehicle and parts......................... 35,300 35,213 35,101 0.2 0.3 -0.1 34,413 34,600 35,246 35,111 (X) (X) -2.0

 Capital goods...................................... 989,772 983,319 961,748 0.7 2.2 1.1 990,140 983,562 961,980 907,562 (X) (X) 9.1

 Nondefense capital goods3.................. 778,946 771,507 748,427 1.0 3.1 1.1 779,652 769,725 748,168 708,044 (X) (X) 10.1

 Excluding aircraft............................. 272,252 272,477 272,952 -0.1 -0.2 -0.1 272,375 273,096 275,062 273,916 (X) (X) -0.6

 Defense capital goods4........................ 210,826 211,812 213,321 -0.5 -0.7 1.2 210,488 213,837 213,812 199,518 (X) (X) 5.5

 Consumer goods.................................. 12,016 11,969 12,016 0.4 -0.4 -0.1 11,976 11,798 12,059 11,763 (X) (X) 1.8

 Consumer durable goods..................... 12,016 11,969 12,016 0.4 -0.4 -0.1 11,976 11,798 12,059 11,763 (X) (X) 1.8 

 All manufacturing industries....................... 852,536 851,905 853,314 0.1 -0.2 -0.2 856,570 851,895 859,332 860,467 (X) (X) -0.5

 Construction materials and supplies....... 92,844 92,961 93,013 -0.1 -0.1 0.1 92,945 93,015 94,182 92,470 (X) (X) 0.5

 Information technology......................... 45,911 45,995 46,158 -0.2 -0.4 -0.3 46,246 45,897 46,826 45,497 (X) (X) 1.6

 Computers and related products........... 3,570 3,613 3,619 -1.2 -0.2 -2.2 3,606 3,661 3,712 3,824 (X) (X) -5.7

 Motor vehicle and parts......................... 53,625 53,443 53,513 0.3 -0.1 0.2 54,310 52,736 54,047 53,962 (X) (X) 0.6

 Capital goods...................................... 249,217 249,598 249,746 -0.2 -0.1 0.1 250,187 250,276 251,649 243,733 (X) (X) 2.6

 Nondefense capital goods3.................. 225,059 225,378 225,547 -0.1 -0.1 0.1 226,038 225,945 227,346 220,321 (X) (X) 2.6

 Excluding aircraft............................. 161,976 161,880 161,753 0.1 0.1 0.2 162,259 162,130 163,562 155,132 (X) (X) 4.6

 Defense capital goods4........................ 24,158 24,220 24,199 -0.3 0.1 0.3 24,149 24,331 24,303 23,412 (X) (X) 3.1

 Consumer goods.................................. 253,076 251,661 252,309 0.6 -0.3 -1.0 254,065 251,787 253,478 261,226 (X) (X) -2.7

 Consumer durable goods..................... 42,165 42,242 42,608 -0.2 -0.9 0.0 42,347 41,548 42,989 43,340 (X) (X) -2.3

 Consumer nondurable goods................ 210,911 209,419 209,701 0.7 -0.1 -1.2 211,718 210,239 210,489 217,886 (X) (X) -2.8

NEW ORDERS 

UNFILLED ORDERS 

TOTAL INVENTORIES 

X

 Not Applicable 

p

 Preliminary 

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

1

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

are not adjusted for price changes. 

2 Topical series are regroupings of the separate industry categories. 

3

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

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

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

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

4

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

5 Estimates and percent changes exclude semiconductor industry data. 

6

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

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

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

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

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, July Full Report, September 5, 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 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 July

July June May June - May - Apr. - July June May July 2023/

2023p 2023r 2023 July June May 2023p 2023r 2023 2022 2022

MATERIALS AND SUPPLIES

 All manufacturing industries....................... 315,293 314,857 314,764 0.1 0.0 -0.3 317,113 315,316 315,240 318,569 -0.5

 Durable goods industries.......................... 197,751 197,469 197,154 0.1 0.2 0.0 199,244 197,432 197,421 196,179 1.6

 Wood products................................... 7,605 7,632 7,714 -0.4 -1.1 -1.1 7,474 7,450 7,427 7,933 -5.8

 Nonmetallic mineral products................. 7,690 7,707 7,757 -0.2 -0.6 0.9 7,707 7,728 7,818 7,218 6.8

 Primary metals.................................... 18,865 19,080 18,958 -1.1 0.6 -0.7 19,037 19,388 18,975 20,060 -5.1

 Fabricated metal products.......................... 24,440 24,521 24,489 -0.3 0.1 0.2 24,721 24,604 24,485 26,118 -5.3

 Machinery.......................................... 40,739 40,392 40,422 0.9 -0.1 -0.5 40,976 40,381 40,761 38,693 5.9

 Computers and electronic products........ 26,690 26,627 26,559 0.2 0.3 0.1 26,938 26,728 26,757 25,754 4.6

 Electrical equipment, appliances,

 and components............................... 12,658 12,662 12,647 0.0 0.1 0.0 12,836 12,779 12,831 12,156 5.6

 Transportation equipment..................... 44,021 43,794 43,533 0.5 0.6 1.0 44,417 43,314 43,202 43,236 2.7

 Furniture and related products............... 5,222 5,264 5,313 -0.8 -0.9 -0.9 5,250 5,361 5,415 5,360 -2.1

 Miscellaneous products......................... 9,821 9,790 9,762 0.3 0.3 -0.7 9,888 9,699 9,750 9,651 2.5

 Nondurable goods industries...................... 117,542 117,388 117,610 0.1 -0.2 -0.8 117,869 117,884 117,819 122,390 -3.7

 Food products.................................... 26,011 26,085 26,165 -0.3 -0.3 -0.5 25,791 25,874 25,705 26,068 -1.1

 Beverage and tobacco products........................ 6,432 6,493 6,391 -0.9 1.6 0.2 6,113 6,313 6,373 5,725 6.8

 Textiles.............................................. 1,460 1,462 1,456 -0.1 0.4 0.4 1,475 1,472 1,467 1,505 -2.0

 Textile products................................... 1,698 1,696 1,722 0.1 -1.5 -0.2 1,692 1,684 1,719 1,803 -6.2

 Apparel............................................. 562 566 568 -0.7 -0.4 0.4 581 580 568 678 -14.3

 Leather and allied products.................... 382 380 388 0.5 -2.1 -1.8 396 381 393 420 -5.7

 Paper products.................................... 9,381 9,544 9,667 -1.7 -1.3 -0.5 9,497 9,502 9,625 9,824 -3.3

 Printing ............................................. 3,545 3,575 3,564 -0.8 0.3 -1.1 3,519 3,534 3,499 3,700 -4.9

 Petroleum and coal products................. 13,153 12,780 12,839 2.9 -0.5 -3.4 13,792 14,053 13,377 16,751 -17.7

 Chemical products................................ 39,860 39,738 39,525 0.3 0.5 -0.5 39,942 39,552 39,802 40,173 -0.6

 Plastics and rubber products.................. 15,058 15,069 15,325 -0.1 -1.7 -0.9 15,071 14,939 15,291 15,743 -4.3

WORK IN PROCESS

 All manufacturing industries....................... 239,735 239,082 239,622 0.3 -0.2 -0.7 241,298 239,752 241,420 241,074 0.1

 Durable goods industries.......................... 176,542 176,778 177,520 -0.1 -0.4 -0.3 177,378 177,346 179,018 179,139 -1.0

 Wood products................................... 1,810 1,811 1,819 -0.1 -0.4 -2.5 1,793 1,793 1,800 2,137 -16.1

 Nonmetallic mineral products................. 1,734 1,704 1,679 1.8 1.5 1.1 1,742 1,725 1,740 1,596 9.1

 Primary metals.................................... 12,272 12,264 12,715 0.1 -3.5 1.1 12,332 12,379 12,953 13,178 -6.4

 Fabricated metal products.......................... 17,004 16,960 16,915 0.3 0.3 1.4 17,162 16,972 17,198 16,396 4.7

 Machinery.......................................... 24,205 24,339 24,539 -0.6 -0.8 0.7 23,895 24,617 24,975 22,985 4.0

 Computers and electronic products........ 13,748 13,553 13,540 1.4 0.1 -1.1 13,731 13,396 13,766 14,536 -5.5

 Electrical equipment, appliances,

 and components............................... 4,655 4,619 4,584 0.8 0.8 0.6 4,731 4,682 4,714 4,628 2.2

 Transportation equipment..................... 94,863 95,262 95,489 -0.4 -0.2 -1.0 95,705 95,504 95,610 97,540 -1.9

 Furniture and related products............... 1,506 1,502 1,479 0.3 1.6 0.9 1,482 1,496 1,468 1,464 1.2

 Miscellaneous products......................... 4,745 4,764 4,761 -0.4 0.1 0.2 4,805 4,782 4,794 4,679 2.7

 Nondurable goods industries...................... 63,193 62,304 62,102 1.4 0.3 -1.7 63,920 62,406 62,402 61,935 3.2

 Food products.................................... 7,606 7,680 7,670 -1.0 0.1 -0.8 7,105 7,198 7,139 7,189 -1.2

 Beverage and tobacco products........................ 11,297 11,194 11,067 0.9 1.1 0.2 10,926 10,867 10,957 10,437 4.7

 Textiles.............................................. 577 578 577 -0.2 0.2 -0.5 585 575 579 635 -7.9

 Textile products................................... 463 472 471 -1.9 0.2 -0.6 461 463 459 492 -6.3

 Apparel............................................. 295 288 282 2.4 2.1 1.8 307 299 286 286 7.3

 Leather and allied products.................... 140 140 135 0.0 3.7 3.8 142 140 135 139 2.2

 Paper products.................................... 1,782 1,606 1,611 11.0 -0.3 -1.3 1,825 1,619 1,625 1,707 6.9

 Printing ............................................. 1,168 1,171 1,202 -0.3 -2.6 0.8 1,151 1,122 1,142 1,301 -11.5

 Petroleum and coal products................. 16,367 15,718 15,674 4.1 0.3 -4.8 17,263 16,403 16,557 16,033 7.7

 Chemical products................................ 19,622 19,615 19,486 0.0 0.7 -1.4 20,300 19,925 19,593 19,757 2.7

 Plastics and rubber products.................. 3,876 3,842 3,927 0.9 -2.2 0.6 3,855 3,795 3,930 3,959 -2.6

FINISHED GOODS

 All manufacturing industries....................... 297,508 297,966 298,928 -0.2 -0.3 0.2 298,159 296,827 302,672 300,824 -0.9

 Durable goods industries.......................... 147,933 148,231 147,995 -0.2 0.2 1.0 148,192 147,514 150,611 143,575 3.2

 Wood products................................... 6,368 6,388 6,486 -0.3 -1.5 -0.1 6,249 6,332 6,618 6,413 -2.6

 Nonmetallic mineral products................. 7,713 7,697 7,673 0.2 0.3 0.0 7,759 7,755 7,915 7,591 2.2

 Primary metals.................................... 15,226 15,244 15,158 -0.1 0.6 1.4 15,310 15,178 15,493 15,283 0.2

 Fabricated metal products.......................... 23,442 23,485 23,393 -0.2 0.4 -0.2 23,747 23,677 23,864 23,448 1.3

 Machinery.......................................... 29,921 30,006 29,584 -0.3 1.4 2.2 29,398 29,809 29,623 26,597 10.5

 Computers and electronic products........ 14,483 14,677 14,888 -1.3 -1.4 0.3 14,699 14,517 15,036 14,890 -1.3

 Electrical equipment, appliances,

 and components............................... 9,062 9,023 8,956 0.4 0.7 0.8 9,046 9,061 9,131 8,626 4.9

 Transportation equipment..................... 24,934 25,009 25,116 -0.3 -0.4 2.4 25,105 24,543 26,062 23,658 6.1

 Furniture and related products............... 3,492 3,477 3,566 0.4 -2.5 -1.1 3,571 3,507 3,636 3,808 -6.2

 Miscellaneous products......................... 13,292 13,225 13,175 0.5 0.4 0.4 13,308 13,135 13,233 13,261 0.4

 Nondurable goods industries...................... 149,575 149,735 150,933 -0.1 -0.8 -0.7 149,967 149,313 152,061 157,249 -4.6

 Food products.................................... 37,468 37,658 37,818 -0.5 -0.4 -0.8 36,958 36,573 36,884 36,176 2.2

 Beverage and tobacco products........................ 13,332 13,419 13,561 -0.6 -1.0 -0.5 13,366 13,517 13,708 13,938 -4.1

 Textiles.............................................. 1,573 1,584 1,582 -0.7 0.1 0.8 1,589 1,578 1,581 1,638 -3.0

 Textile products................................... 1,515 1,530 1,530 -1.0 0.0 -1.7 1,500 1,517 1,515 1,640 -8.5

 Apparel............................................. 1,330 1,336 1,344 -0.4 -0.6 -2.5 1,388 1,386 1,343 1,343 3.4

 Leather and allied products.................... 735 751 761 -2.1 -1.3 0.4 746 756 765 750 -0.5

 Paper products.................................... 6,813 6,975 7,043 -2.3 -1.0 0.0 6,908 7,030 7,124 7,143 -3.3

 Printing ............................................. 2,147 2,156 2,205 -0.4 -2.2 -0.8 2,118 2,157 2,221 2,093 1.2

 Petroleum and coal products................. 16,481 15,709 15,887 4.9 -1.1 -4.0 17,176 16,095 16,807 22,787 -24.6

 Chemical products................................ 53,201 53,451 54,107 -0.5 -1.2 0.4 53,226 53,502 54,810 54,353 -2.1

 Plastics and rubber products.................. 14,980 15,166 15,095 -1.2 0.5 -0.9 14,992 15,202 15,303 15,388 -2.6

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. 

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/>. 

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

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, July Full Report, September 5, 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 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 Jul Jun May Apr Jul Jun May Apr

2023p 2023r 2023 2023 2023p 2023r 2023 2023

All manufacturing industries3

.................................... 1.48 1.48 1.49 1.50 (X) (X) (X) (X)

Durable goods industries3

........................................ 1.84 1.84 1.84 1.88 6.80 6.74 6.64 6.71

 Wood products........................................................... 1.18 1.19 1.20 1.22 (X) (X) (X) (X)

 Nonmetallic mineral products............................. 1.29 1.29 1.29 1.30 (X) (X) (X) (X)

 Primary metals............................................................ 1.74 1.74 1.74 1.74 1.43 1.41 1.40 1.41

 Fabricated metal products...................................... 1.82 1.82 1.83 1.83 3.70 3.70 3.75 3.76

 Machinery..................................................................... 2.50 2.51 2.51 2.50 4.04 4.06 4.08 4.09

 Computers and electronic products3

................... 1.87 1.88 1.88 1.89 6.04 6.02 6.02 6.06

 Electrical equipment, appliances,

 and components.................................................... 1.88 1.87 1.86 1.88 3.47 3.44 3.41 3.45

 Transportation equipment..................................... 1.79 1.78 1.78 1.87 14.43 14.14 13.82 14.34

 Furniture and related products............................ 1.50 1.49 1.51 1.53 1.80 1.84 1.89 1.92

 Miscellaneous products.......................................... 1.92 1.92 1.90 1.92 (X) (X) (X) (X)

Nondurable goods industries................................... 1.12 1.13 1.14 1.14 (X) (X) (X) (X)

 Food products............................................................. 0.89 0.90 0.90 0.91 (X) (X) (X) (X)

 Beverage and tobacco products........................... 1.74 1.75 1.78 1.80 (X) (X) (X) (X)

 Textiles.......................................................................... 1.72 1.73 1.72 1.70 (X) (X) (X) (X)

 Textile products......................................................... 1.86 1.86 1.87 1.88 (X) (X) (X) (X)

 Apparel........................................................................ 2.55 2.66 2.52 2.51 (X) (X) (X) (X)

 Leather and allied products................................ 2.62 2.66 2.69 2.65 (X) (X) (X) (X)

 Paper products.......................................................... 1.04 1.04 1.05 1.05 (X) (X) (X) (X)

 Printing........................................................................ 0.93 0.94 0.97 0.97 (X) (X) (X) (X)

 Petroleum and coal products............................... 0.71 0.72 0.72 0.72 (X) (X) (X) (X)

 Chemical products................................................... 1.46 1.46 1.47 1.47 (X) (X) (X) (X)

 Plastics and rubber products................................ 1.38 1.38 1.40 1.42 (X) (X) (X) (X)

Jul3 Jul3 Jul3 Jul3

Industry 2022- 2022- 2022- 2022-

Jul2 Jun Jul2 Jun Jul2 Jun Jul2 Jun

2023 2023 2023 2023 2023 2023 2023 2023

All manufacturing industries.................. (X) 0.2 (X) 0.3 (X) 0.0 (X) 0.1

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

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

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

 Primary metals............................................. -0.4 0.3 -0.2 0.3 0.1 0.2 -0.3 0.2

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

 Machinery...................................................... 0.0 0.3 0.1 0.5 0.0 0.1 0.0 0.1

 Computers and electronic products..... -0.1 0.2 -0.1 0.5 0.0 0.1 0.0 0.1

 Electrical equipment, appliances,

 and components..................................... 0.1 0.2 0.1 0.6 0.0 0.2 0.0 0.2

 Transportation equipment.................... 0.0 0.5 0.0 1.1 -0.1 0.1 0.0 0.1

 Furniture and related products............. (X) 0.2 (X) 0.8 (X) 0.5 (X) 0.4

 Miscellaneous products.......................... (X) 0.3 (X) 0.3 (X) 0.1 (X) 0.1

Nondurable goods industries................... (X) 0.3 (X) (NA) (X) (NA) (X) 0.1

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

 Beverage and tobacco products............ (X) 0.3 (X) (NA) (X) (NA) (X) 0.1

 Textiles.......................................................... (X) 0.6 (X) (NA) (X) (NA) (X) 0.3

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

 Apparel......................................................... (X) 0.5 (X) (NA) (X) (NA) (X) 0.6

 Leather and allied products.................. (X) 0.8 (X) (NA) (X) (NA) (X) 0.6

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

 Printing.......................................................... (X) 0.4 (X) (NA) (X) (NA) (X) 0.3

 Petroleum and coal products............... (X) 1.2 (X) (NA) (X) (NA) (X) 0.5

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

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

X Not Applicable 

p

 Preliminary 

r

 Revised data due to late receipts and concurrent seasonal adjustment. 

2

 Excludes the following industries with no unfilled orders: Wood products; nonmetallic mineral products; medical equipment and supplies; office 

supplies; other miscellaneous manufacturing; cutlery and handtools; farm and garden machinery; computer storage and peripheral devices; audio and 

video equipment; manufacturing and reproducing magnetic and optical media; batteries; automobiles; light trucks and utility vehicles; heavy duty trucks; 

and miscellaneous furniture. 

3

 Unfilled orders to shipments ratio excludes semiconductor manufacturing. 

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

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

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

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

The Census Bureau has reviewed this data product to ensure appropriate access, use, and disclosure avoidance protection of the confidential source data 

(Project No. P-6000307, Disclosure Review Board (DRB) approval number: CBDRB-FY23-0265). 

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, July Full Report, September 5, 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>. 

X Not Applicable 

NA Not Available 

1

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

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

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

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

2

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

3

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

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

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

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

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

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

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

The Census Bureau has reviewed this data product to ensure appropriate access, use, and disclosure avoidance protection of the confidential 

source data (Project No. P-6000307, Disclosure Review Board (DRB) approval number: CBDRB-FY23-0265). 

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, July Full Report, September 5, 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 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