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FOR RELEASE AT 10:00 AM EST, THURSDAY, MARCH 3, 2022

MONTHLY FULL REPORT ON MANUFACTURERS’ SHIPMENTS, INVENTORIES AND ORDERS 

JANUARY 2022

Release Number: CB 22-28 M3-2 (22)-01

March 3, 2022 — The U.S. Census Bureau announces the January full report on manufacturers’ shipments, 

inventories and orders:

MANUFACTURED GOODS – NEW ORDERS

JANUARY 2022 $544.2 billion +1.4%°

DECEMBER 2021

(revised) $536.7 billion +0.7%°

Next release: April 4, 2022

Data adjusted for seasonal variation but not for price changes.

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

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

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

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories and Orders, March 3, 2022.

Summary

New orders for manufactured goods in January, up twenty of the last twenty-one months, increased $7.6

billion or 1.4 percent to $544.2 billion, the U.S. Census Bureau reported today. This followed a 0.7 percent

December increase. Shipments, also up twenty of the last twenty-one months, increased $6.2 billion or 

1.2 percent to $536.9 billion. This followed a 0.7 percent December increase. Unfilled orders, up twelve

consecutive months, increased $11.7 billion or 0.9 percent to $1,283.5 billion. This followed a 0.8 percent 

December increase. The unfilled orders-to-shipments ratio was 6.74, down from 6.80 in December. 

Inventories, up nineteen of the last twenty months, increased $5.6 billion or 0.7 percent to $779.6 billion. 

This followed a 0.4 percent December increase. The inventories-to-shipments ratio was 1.45, down from 

1.46 in December.

New Orders

New orders for manufactured durable goods in January, up eight of the last nine months, increased $4.3

billion or 1.6 percent to $277.6 billion, unchanged from the previously published increase. This followed a

1.2 percent December increase. Transportation equipment, up three consecutive months, led the 

-1.0%

0.0%

1.0%

2.0%

3.0%

4.0%

Feb-21 Mar-21 Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22

MANUFACTURERS' NEW ORDERS 2021-2022

Seasonally Adjusted, Month-To-Month Percentage Change

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders, March 3, 2022.
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increase, $2.9 billion or 3.4 percent to $87.7 billion. New orders for manufactured nondurable goods 

increased $3.3 billion or 1.2 percent to $266.7 billion.

Shipments

Shipments of manufactured durable goods in January, up eight of the last nine months, increased $2.9

billion or 1.1 percent to $270.3 billion, down from the previously published 1.2 percent increase. This 

followed a 1.3 percent December increase. Machinery, up ten of the last eleven months, led the increase, 

$1.0 billion or 2.7 percent to $38.9 billion. Shipments of manufactured nondurable goods, up twenty of 

the last twenty-one months, increased $3.3 billion or 1.2 percent to $266.7 billion. This followed a 0.1

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

increase, $1.6 billion or 2.8 percent to $58.6 billion.

Unfilled Orders

Unfilled orders for manufactured durable goods in January, up twelve consecutive months, increased

$11.7 billion or 0.9 percent to $1,283.5 billion, unchanged from the previously published increase. This 

followed a 0.8 percent December increase. Transportation equipment, up eleven of the last twelve

months, led the increase, $9.6 billion or 1.1 percent to $848.8 billion.

Inventories

Inventories of manufactured durable goods in January, up twelve consecutive months, increased $2.1

billion or 0.4 percent to $476.3 billion, unchanged from the previously published increase. This followed a 

0.8 percent December increase. Machinery, up fifteen consecutive months, led the increase, $0.8 billion 

or 1.0 percent to $79.5 billion. Inventories of manufactured nondurable goods, up fifteen of the last 

sixteen months, increased $3.5 billion or 1.2 percent to $303.3 billion. This followed a 0.2 percent

December decrease. Petroleum and coal products, up eight of the last nine months, led the increase, $2.7

billion or 6.3 percent to $46.2 billion. By stage of fabrication, January materials and supplies increased 0.1

percent in durable goods and 0.8 percent in nondurable goods. Work in process was virtually unchanged

in durable goods and increased 2.0 percent in nondurable goods. Finished goods increased 1.4 percent in

durable goods and 1.1 percent in nondurable goods.

The Advance Report on durable goods for February is scheduled for release on March 24, 2022, at 8:30

a.m. EDT and the Full Report on April 4, 2022, 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. 

Description of the survey 

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

revisions made later than two months will be reflected in the annual benchmark publication. Additional 
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survey documentation can be found on our web site: 

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

Special Notice - New Advance Estimates Of Total Manufacturing

Beginning with September 2021 data released on October 27, 2021, advance estimates of total 

manufacturing, including M3 durable and nondurable industries, for shipments and inventories, are

available at the same time as the Advance Report on Durable Goods Manufacturers’ Shipments, 

Inventories and Orders. Monthly advance total manufacturing estimates are available on a seasonally 

adjusted basis as well as a not seasonally adjusted basis on the M3 website under the “Advance Report 

Highlights”. 

Benchmark notice

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

issued on May 13, 2022. These revisions result from

• Benchmarking the M3 shipments and inventories data to the 2020 and 2019 Annual Survey of 

Manufactures (ASM) data; 

• Incorporating the unfilled orders-to-shipments ratios obtained for 2020, 2019, and 2018 from the 

Manufacturers’ Unfilled Orders (M3UFO) Survey;

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

orders data;

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

previously reported data;

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

review of the seasonal adjustment models. 

These revisions will span the seasonally adjusted data for January 2012 through March 2022 and the data 

not seasonally adjusted for January 2017 through March 2022. An updated Press Release will contain

revised monthly tables for January 2022 through March 2022.
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RESOURCES

API

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

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

before.

<www.census.gov/developers/>.

FRED Mobile App

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

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

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

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

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

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

Seasonally Adjusted Not Seasonally Adjusted 

Monthly Percent Change Monthly

Industry % Change

Jan. Dec. Nov. Dec. - Nov. - Oct. - Jan. Dec. Nov. Jan. 2022/

2022p 2021r 2021 Jan. Dec. Nov. 2022p 2021r 2021 2021 2022p 2021 2021

 All manufacturing industries.................. 536,911 530,726 526,864 1.2 0.7 0.7 494,867 528,638 515,961 443,319 494,867 443,319 11.6

 Excluding transportation................... 458,879 452,891 450,230 1.3 0.6 0.5 425,728 448,303 440,064 376,794 425,728 376,794 13.0

 Excluding defense.............................. 522,181 516,496 512,321 1.1 0.8 0.7 482,618 512,787 500,789 431,929 482,618 431,929 11.7

 With unfilled orders............................ 190,543 187,020 185,688 1.9 0.7 0.4 172,185 190,282 179,645 151,892 172,185 151,892 13.4

 Durable goods industries......................... 270,259 267,347 263,799 1.1 1.3 0.8 242,643 269,405 256,068 221,510 242,643 221,510 9.5

 Wood products....................................... 11,949 11,808 11,669 1.2 1.2 1.8 10,134 10,469 10,871 9,119 10,134 9,119 11.1

 Nonmetallic mineral products.................... 12,586 12,402 12,172 1.5 1.9 2.3 10,585 11,055 11,834 10,055 10,585 10,055 5.3

 Primary metals....................................... 24,684 24,849 24,606 -0.7 1.0 -0.3 24,108 23,055 23,146 20,066 24,108 20,066 20.1

 Iron and steel mills............................ 12,320 12,313 12,447 0.1 -1.1 -0.3 12,267 11,350 11,644 10,168 12,267 10,168 20.6

 Aluminum and nonferrous metals.......... 10,927 11,104 10,764 -1.6 3.2 -0.4 10,543 10,424 10,223 8,805 10,543 8,805 19.7

 Ferrous metal foundries....................... 1,437 1,432 1,395 0.3 2.7 -0.4 1,298 1,281 1,279 1,093 1,298 1,093 18.8

 Fabricated metal products....................... 37,468 36,883 36,435 1.6 1.2 0.7 34,679 34,604 35,026 29,658 34,679 29,658 16.9

 Machinery............................................. 38,870 37,863 37,110 2.7 2.0 0.1 34,281 39,298 34,558 29,911 34,281 29,911 14.6

 Farm machinery................................. 2,583 2,693 2,436 -4.1 10.6 -6.8 2,320 2,384 1,962 2,523 2,320 2,523 -8.0

 Construction machinery..................... 3,438 3,377 3,322 1.8 1.7 4.2 3,035 3,301 3,029 2,632 3,035 2,632 15.3

 Mining, oil field, and 

 gas field machinery.......................... 1,368 1,382 1,385 -1.0 -0.2 -0.1 1,293 1,592 1,398 1,196 1,293 1,196 8.1

 Industrial machinery.......................... 6,483 5,872 5,689 10.4 3.2 1.2 5,381 6,998 5,184 2,795 5,381 2,795 92.5

 Photographic equipment...................... 506 501 539 1.0 -7.1 6.1 424 566 541 443 424 443 -4.3

 Ventilation, heating, air-conditioning,

 and refrigeration equipment............ 4,691 4,443 4,370 5.6 1.7 1.1 3,711 4,217 3,867 3,273 3,711 3,273 13.4

 Metalworking machinery..................... 2,805 2,762 2,751 1.6 0.4 -0.1 2,515 3,132 2,727 2,366 2,515 2,366 6.3

 Turbines, generators, and other

 power transmission equipment....... 3,981 3,962 3,802 0.5 4.2 -1.2 3,776 3,708 3,828 3,662 3,776 3,662 3.1

 Material handling equipment............... 3,348 3,163 3,075 5.8 2.9 2.5 3,061 3,418 2,947 2,485 3,061 2,485 23.2

 Computers and electronic products2

.......... 29,808 29,425 29,077 1.3 1.2 0.3 26,935 33,223 29,321 25,777 26,935 25,777 4.5

 Computers........................................ 696 693 708 0.4 -2.1 0.1 623 799 699 633 623 633 -1.6

 Computer storage devices..................... 729 690 677 5.7 1.9 -2.7 627 954 700 575 627 575 9.0

 Other peripheral equipment................ 514 546 510 -5.9 7.1 -4.1 472 715 481 513 472 513 -8.0

 Nondefense communications

 equipment.................................... 3,538 3,279 3,289 7.9 -0.3 1.0 2,851 4,535 3,103 2,504 2,851 2,504 13.9

 Defense communications equipment.... 246 233 230 5.6 1.3 -3.8 196 231 255 179 196 179 9.5

 Audio and video equipment.................... 342 255 275 34.1 -7.3 14.1 276 350 382 181 276 181 52.5

 Electronic components......................... 5,022 4,911 4,867 2.3 0.9 0.5 4,650 5,029 4,745 4,129 4,650 4,129 12.6

 Nondefense search and navigation

 equipment...................................... 1,554 1,534 1,529 1.3 0.3 -0.5 1,346 1,680 1,534 1,325 1,346 1,325 1.6

 Defense search and navigation

 equipment..................................... 3,030 3,022 3,025 0.3 -0.1 0.1 2,570 3,309 3,199 2,567 2,570 2,567 0.1

 Electromedical, measuring,

 and control instruments................. 9,639 9,737 9,559 -1.0 1.9 1.1 8,434 11,533 9,344 8,348 8,434 8,348 1.0

 Electrical equipment, appliances, 

 and components................................... 13,225 13,062 12,946 1.2 0.9 0.5 11,450 13,168 12,597 10,335 11,450 10,335 10.8

 Electric lighting equipment..................... 1,179 1,156 1,151 2.0 0.4 0.4 1,060 1,150 1,142 1,002 1,060 1,002 5.8

 Household appliances........................ 2,685 2,752 2,727 -2.4 0.9 2.1 2,144 3,055 2,754 2,145 2,144 2,145 0.0

 Electrical equipment............................ 3,405 3,431 3,365 -0.8 2.0 -1.2 2,916 3,403 3,141 2,688 2,916 2,688 8.5

 Batteries........................................... 962 929 898 3.6 3.5 -1.9 808 979 996 760 808 760 6.3

 Transportation equipment........................ 78,032 77,835 76,634 0.3 1.6 1.4 69,139 80,335 75,897 66,525 69,139 66,525 3.9

 Automobiles..................................... 5,384 6,078 5,612 -11.4 8.3 3.4 4,767 6,042 5,573 5,626 4,767 5,626 -15.3

 Light trucks and utility vehicles.............. 18,401 18,636 18,062 -1.3 3.2 3.1 15,891 19,781 18,118 16,902 15,891 16,902 -6.0

 Heavy duty trucks ............................. 2,933 3,046 2,934 -3.7 3.8 2.3 2,675 2,801 2,878 2,500 2,675 2,500 7.0

 Motor vehicle bodies, parts, 

 and trailers.................................... 28,054 27,432 27,526 2.3 -0.3 1.6 26,294 25,173 26,852 24,583 26,294 24,583 7.0

 Nondefense aircraft and parts................ 8,365 8,114 7,978 3.1 1.7 -2.2 7,026 10,478 7,751 5,631 7,026 5,631 24.8

 Defense aircraft and parts.................. 4,454 4,328 4,691 2.9 -7.7 0.4 3,518 4,850 4,850 3,840 3,518 3,840 -8.4

 Ships and boats................................. 3,161 3,209 3,106 -1.5 3.3 -3.2 2,537 3,247 3,215 2,365 2,537 2,365 7.3

 Furniture and related products.................. 6,083 5,985 5,989 1.6 -0.1 -2.0 5,676 5,921 5,889 5,443 5,676 5,443 4.3

 Miscellaneous durable goods................. 17,554 17,235 17,161 1.9 0.4 1.9 15,656 18,277 16,929 14,621 15,656 14,621 7.1

 Nondurable goods industries..................... 266,652 263,379 263,065 1.2 0.1 0.5 252,224 259,233 259,893 221,809 252,224 221,809 13.7

 Food products....................................... 71,550 70,671 70,647 1.2 0.0 0.1 68,774 69,916 72,752 65,145 68,774 65,145 5.6

 Grain and oilseed milling....................... 8,202 7,937 7,825 3.3 1.4 -1.3 8,049 7,823 8,172 7,193 8,049 7,193 11.9

 Dairy products.................................. 11,194 10,943 10,776 2.3 1.5 0.3 10,955 10,910 11,179 10,330 10,955 10,330 6.1

 Meat, poultry, and seafood products... 20,141 20,070 20,066 0.4 0.0 0.0 18,895 19,367 20,163 17,426 18,895 17,426 8.4

 Beverage and tobacco products................ 14,533 14,508 14,058 0.2 3.2 0.4 13,313 14,223 13,982 11,615 13,313 11,615 14.6

 Beverages......................................... 10,189 9,983 10,013 2.1 -0.3 -1.7 8,969 9,698 9,937 8,214 8,969 8,214 9.2

 Tobacco............................................ 4,344 4,525 4,045 -4.0 11.9 6.0 4,344 4,525 4,045 3,401 4,344 3,401 27.7

 Textile mills........................................... 2,385 2,394 2,345 -0.4 2.1 1.3 2,200 2,107 2,231 2,079 2,200 2,079 5.8

 Textile products................................... 1,903 1,898 1,884 0.3 0.7 0.9 1,740 1,744 1,811 1,688 1,740 1,688 3.1

 Apparel................................................ 875 888 881 -1.5 0.8 1.0 817 915 990 788 817 788 3.7

 Leather and allied products...................... 425 439 427 -3.2 2.8 -0.7 380 427 399 372 380 372 2.2

 Paper products...................................... 17,772 17,675 17,508 0.5 1.0 0.4 17,222 17,409 17,065 16,273 17,222 16,273 5.8

 Pulp, paper, and paperboard mills....... 6,777 6,712 6,623 1.0 1.3 0.1 6,685 6,646 6,470 6,298 6,685 6,298 6.1

 Paperboard containers........................ 6,068 6,061 5,998 0.1 1.1 1.0 5,835 5,785 5,815 5,694 5,835 5,694 2.5

 Printing................................................. 7,095 6,993 6,887 1.5 1.5 0.7 6,640 7,026 7,075 6,121 6,640 6,121 8.5

 Petroleum and coal products.................. 58,577 56,973 57,831 2.8 -1.5 0.9 55,617 55,104 55,325 39,615 55,617 39,615 40.4

 Petroleum refineries.......................... 53,977 52,434 53,315 2.9 -1.7 0.6 51,849 51,043 51,073 36,093 51,849 36,093 43.7

 Chemical products..................................... 68,806 68,374 68,116 0.6 0.4 0.3 64,371 69,209 66,697 58,896 64,371 58,896 9.3

 Pesticides, fertilizers, and other

 agricultural chemicals....................... 3,249 3,158 3,042 2.9 3.8 -3.5 2,982 3,240 2,667 2,471 2,982 2,471 20.7

 Pharmaceuticals and medicines............. 22,231 22,001 21,967 1.0 0.2 0.3 20,619 23,017 22,252 18,670 20,619 18,670 10.4

 Paints, coatings, and adhesives.......... 4,175 4,173 4,170 0.0 0.1 3.1 3,614 3,611 3,718 3,372 3,614 3,372 7.2

 Plastics and rubber products.................. 22,731 22,566 22,481 0.7 0.4 1.6 21,150 21,153 21,566 19,217 21,150 19,217 10.1

Year to date

p

 Preliminary 

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

1

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

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

model parameters. Estimates are not adjusted for price changes. 

2

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

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

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

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, January Full Report, March 3, 2022. Information on data sources and methodology can be found on our website at 

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

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

Seasonally Adjusted Not Seasonally Adjusted 

Monthly Percent Change Monthly

Industry % Change

Jan. Dec. Nov. Dec. - Nov. - Oct. - Jan. Dec. Nov. Jan. 2022/

2022p 2021r 2021 Jan. Dec. Nov. 2022p 2021r 2021 2021 2022p 2021 2021

All manufacturing industries2

........................ 544,224 536,660 533,104 1.4 0.7 1.8 511,909 540,574 517,494 444,682 511,909 444,682 15.1

 Excluding transportation2...................... 456,559 451,902 449,747 1.0 0.5 0.8 427,865 447,341 437,043 379,748 427,865 379,748 12.7

 Excluding defense2.............................. 532,111 524,628 517,406 1.4 1.4 1.6 502,087 520,952 504,272 431,845 502,087 431,845 16.3

 With unfilled orders2............................. 202,213 197,337 196,196 2.5 0.6 3.7 193,980 206,158 185,913 157,935 193,980 157,935 22.8

 Durable goods industries2......................... 277,572 273,281 270,039 1.6 1.2 3.2 259,685 281,341 257,601 222,873 259,685 222,873 16.5

 Primary metals........................................ 25,222 25,225 24,424 0.0 3.3 -0.1 25,396 23,737 23,193 21,010 25,396 21,010 20.9

 Iron and steel mills.............................. 12,432 12,167 12,206 2.2 -0.3 -1.3 12,604 11,286 11,697 10,492 12,604 10,492 20.1

 Aluminum and nonferrous metals.......... 11,277 11,349 10,717 -0.6 5.9 0.5 11,204 10,795 10,092 9,154 11,204 9,154 22.4

 Ferrous metal foundries....................... 1,513 1,709 1,501 -11.5 13.9 7.1 1,588 1,656 1,404 1,364 1,588 1,364 16.4

 Fabricated metal products........................ 37,563 37,482 36,998 0.2 1.3 1.3 35,890 34,768 34,195 32,304 35,890 32,304 11.1

 Machinery............................................. 39,710 38,717 38,231 2.6 1.3 -0.9 37,413 39,536 35,618 32,396 37,413 32,396 15.5

 Construction machinery........................ 3,321 3,308 3,390 0.4 -2.4 -0.6 3,558 3,495 3,208 3,463 3,558 3,463 2.7

 Mining, oil field, and

 gas field machinery.......................... 1,410 1,508 1,347 -6.5 12.0 -8.1 1,335 1,718 1,360 1,115 1,335 1,115 19.7

 Industrial machinery............................ 6,494 5,970 5,796 8.8 3.0 -2.9 5,839 6,849 5,195 3,133 5,839 3,133 86.4

 Photographic equipment....................... 515 452 463 13.9 -2.4 0.4 419 482 450 388 419 388 8.0

 Ventilation, heating, air-conditioning,

 and refrigeration equipment............... 5,168 4,932 4,705 4.8 4.8 5.2 4,517 4,633 4,055 3,453 4,517 3,453 30.8

 Metalworking machinery....................... 2,856 2,983 2,981 -4.3 0.1 2.9 2,807 3,139 2,949 2,619 2,807 2,619 7.2

 Turbines, generators, and other 

 power transmission equipment........... 3,917 3,943 3,959 -0.7 -0.4 -3.6 3,712 3,689 3,985 3,764 3,712 3,764 -1.4

 Material handling equipment.................. 3,764 3,149 3,263 19.5 -3.5 2.5 3,454 3,706 3,099 2,524 3,454 2,524 36.8

 Computers and electronic products2

........... 25,791 25,788 26,508 0.0 -2.7 4.2 22,756 31,060 25,623 21,430 22,756 21,430 6.2

 Computers........................................ 682 648 674 5.2 -3.9 0.3 609 754 665 622 609 622 -2.1

 Nondefense communications

 equipment...................................... 3,682 3,968 4,279 -7.2 -7.3 11.4 3,026 5,432 4,018 2,618 3,026 2,618 15.6

 Defense communications equipment....... 239 231 214 3.5 7.9 -2.7 198 265 237 171 198 171 15.8

 Electronic components......................... 5,087 4,961 4,977 2.5 -0.3 1.8 4,907 5,275 4,769 4,309 4,907 4,309 13.9

 Nondefense search and navigation

 equipment...................................... 1,689 1,703 1,715 -0.8 -0.7 3.1 1,537 1,625 1,682 1,493 1,537 1,493 2.9

 Defense search and navigation

 equipment...................................... 2,979 2,978 3,408 0.0 -12.6 18.1 2,321 3,936 3,162 2,352 2,321 2,352 -1.3

 Electromedical, measuring,

 and control instruments..................... 9,707 9,666 9,639 0.4 0.3 -0.3 8,646 11,606 9,383 8,453 8,646 8,453 2.3

 Electrical equipment, appliances, 

 and components................................... 13,395 13,480 13,433 -0.6 0.3 -0.2 11,978 13,528 12,949 11,191 11,978 11,191 7.0

 Electric lighting equipment..................... 1,163 1,186 1,206 -1.9 -1.7 1.0 1,055 1,152 1,198 1,024 1,055 1,024 3.0

 Household appliances.......................... 2,693 2,743 2,712 -1.8 1.1 -0.5 2,089 3,059 2,737 2,224 2,089 2,224 -6.1

 Electrical equipment............................ 3,633 3,477 3,463 4.5 0.4 0.3 3,396 3,399 3,242 2,974 3,396 2,974 14.2

 Transportation equipment........................ 87,665 84,758 83,357 3.4 1.7 8.2 84,044 93,233 80,451 64,934 84,044 64,934 29.4

 Motor vehicle bodies, parts, 

 and trailers..................................... 28,160 27,350 27,512 3.0 -0.6 0.2 26,812 25,965 27,377 25,423 26,812 25,423 5.5

 Nondefense aircraft and parts3................ 20,189 17,458 14,095 15.6 23.9 42.0 23,371 19,564 13,782 1,878 23,371 1,878 1144.5

 Defense aircraft and parts.................... 2,442 4,140 5,299 -41.0 -21.9 7.6 1,850 7,289 4,227 5,275 1,850 5,275 -64.9

 Ships and boats.................................. 1,714 1,300 3,368 31.8 -61.4 16.9 2,125 2,608 2,918 4,492 2,125 4,492 -52.7

 Furniture and related products................... 6,115 6,372 6,122 -4.0 4.1 0.2 5,811 5,664 5,974 5,812 5,811 5,812 0.0

 Nondurable goods industries..................... 266,652 263,379 263,065 1.2 0.1 0.5 252,224 259,233 259,893 221,809 252,224 221,809 13.7

Year to date

p

 Preliminary 

r

 Revised data due to late receipts and concurrent seasonal adjustment. 

1

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

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

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

2

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

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

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

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, January Full Report, March 3, 2022. Information on data sources and methodology can be found on our website at 

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

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

Seasonally Adjusted Not Seasonally Adjusted

Monthly Percent Change Monthly % Change

Industry January

Jan. Dec. Nov. Dec. - Nov. - Oct. - Jan. Dec. Nov. Jan. 2022/

2022p 2021r 2021 Jan. Dec. Nov. 2022p 2021r 2021 2021 2021

All manufacturing industries2...................... 1,283,495 1,271,825 1,261,508 0.9 0.8 0.8 1,283,068 1,261,273 1,245,397 1,180,654 8.7

 Excluding transportation2...................... 434,662 432,625 429,231 0.5 0.8 0.9 432,602 425,712 422,734 378,359 14.3

 Excluding defense2

............................. 1,072,884 1,058,597 1,046,082 1.3 1.2 0.9 1,072,457 1,048,235 1,036,130 962,656 11.4

 Durable goods industries2........................ 1,283,495 1,271,825 1,261,508 0.9 0.8 0.8 1,283,068 1,261,273 1,245,397 1,180,654 8.7

 Primary metals........................................ 41,547 41,009 40,633 1.3 0.9 -0.4 41,696 40,408 39,726 35,651 17.0

 Iron and steel mills............................... 18,546 18,434 18,580 0.6 -0.8 -1.3 18,531 18,194 18,258 16,574 11.8

 Aluminum and nonferrous metals............. 15,342 14,992 14,747 2.3 1.7 -0.3 15,338 14,677 14,306 12,881 19.1

 Ferrous metal foundries........................ 7,659 7,583 7,306 1.0 3.8 1.5 7,827 7,537 7,162 6,196 26.3

 Fabricated metal products......................... 105,398 105,303 104,704 0.1 0.6 0.5 103,615 102,404 102,240 87,007 19.1

 Machinery.............................................. 116,757 115,917 115,063 0.7 0.7 1.0 117,126 113,994 113,756 99,921 17.2

 Construction machinery......................... 10,907 11,024 11,093 -1.1 -0.6 0.6 11,377 10,854 10,660 8,166 39.3

 Mining, oil field, and

 gas field machinery.......................... 4,771 4,729 4,603 0.9 2.7 -0.8 4,771 4,729 4,603 4,135 15.4

 Industrial machinery............................. 10,390 10,379 10,281 0.1 1.0 1.1 10,492 10,034 10,183 8,750 19.9

 Photographic equipment........................ 1,835 1,826 1,875 0.5 -2.6 -3.9 1,825 1,830 1,914 1,879 -2.9

 Ventilation, heating, air-conditioning,

 and refrigeration equipment................ 10,548 10,071 9,582 4.7 5.1 3.6 10,447 9,641 9,225 7,003 49.2

 Metalworking machinery........................ 10,965 10,914 10,693 0.5 2.1 2.2 10,959 10,667 10,660 9,635 13.7

 Turbines, generators, and other 

 power transmission equipment............ 22,501 22,565 22,584 -0.3 -0.1 0.7 22,501 22,565 22,584 21,264 5.8

 Material handling equipment................... 14,815 14,399 14,413 2.9 -0.1 1.3 14,851 14,458 14,170 12,786 16.2

 Computers and electronic products2............. 124,986 124,646 123,900 0.3 0.6 1.4 125,013 124,439 122,662 118,072 5.9

 Computers......................................... 1,352 1,366 1,411 -1.0 -3.2 -2.4 1,352 1,366 1,411 1,534 -11.9

 Nondefense communications

 equipment...................................... 21,918 21,774 21,085 0.7 3.3 4.9 21,919 21,744 20,847 18,082 21.2

 Defense communications equipment........ 325 332 334 -2.1 -0.6 -4.6 349 347 313 506 -31.0

 Electronic components.......................... 14,527 14,462 14,412 0.4 0.3 0.8 14,729 14,472 14,226 13,290 10.8

 Nondefense search and navigation

 equipment....................................... 26,742 26,607 26,438 0.5 0.6 0.7 26,688 26,497 26,552 25,028 6.6

 Defense search and navigation

 equipment....................................... 33,407 33,458 33,502 -0.2 -0.1 1.2 33,220 33,469 32,842 33,560 -1.0

 Electromedical, measuring,

 and control instruments...................... 26,715 26,647 26,718 0.3 -0.3 0.3 26,756 26,544 26,471 26,072 2.6

 Electrical equipment, appliances, 

 and components.................................... 33,059 32,889 32,471 0.5 1.3 1.5 32,828 32,300 31,940 27,460 19.5

 Electric lighting equipment..................... 2,087 2,103 2,073 -0.8 1.4 2.7 2,072 2,077 2,075 1,811 14.4

 Household appliances........................... 2,946 2,938 2,947 0.3 -0.3 -0.5 2,964 3,019 3,015 2,576 15.1

 Electrical equipment............................. 12,747 12,519 12,473 1.8 0.4 0.8 12,759 12,279 12,283 12,364 3.2

 Transportation equipment......................... 848,833 839,200 832,277 1.1 0.8 0.8 850,466 835,561 822,663 802,295 6.0

 Motor vehicle bodies, parts, 

 and trailers...................................... 28,475 28,369 28,451 0.4 -0.3 0.0 29,148 28,630 27,838 25,687 13.5

 Nondefense aircraft and parts................ 626,998 615,174 605,830 1.9 1.5 1.0 627,712 611,367 602,281 575,007 9.2

 Defense aircraft and parts..................... 79,866 81,878 82,066 -2.5 -0.2 0.7 80,353 82,021 79,582 85,416 -5.9

 Ships and boats.................................. 46,101 47,548 49,457 -3.0 -3.9 0.5 45,632 46,044 46,683 49,848 -8.5

 Furniture and related products................... 12,326 12,294 11,907 0.3 3.3 1.1 11,735 11,600 11,857 9,696 21.0

p

 Preliminary 

r

 Revised data due to late receipts and concurrent seasonal adjustment. 

1

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

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

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

2

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

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

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

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

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, January Full Report, March 3, 2022. Information on data sources and methodology can be found on our website at 

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

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

Seasonally Adjusted Not Seasonally Adjusted

Monthly Percent Change Monthly % Change

Industry January

Jan. Dec. Nov. Dec. - Nov. - Oct. - Jan. Dec. Nov. Jan. 2022/

2022p 2021r 2021 Jan. Dec. Nov. 2022p 2021r 2021 2021 2021

 All manufacturing industries...................... 779,620 774,004 770,850 0.7 0.4 0.8 778,884 756,345 770,838 708,884 9.9

 Excluding transportation........................ 625,488 619,705 616,792 0.9 0.5 1.0 625,535 607,169 615,619 564,229 10.9

 Excluding defense............................. 754,395 748,875 745,769 0.7 0.4 0.8 753,762 731,407 745,835 684,793 10.1

 With unfilled orders............................. 383,612 382,420 379,278 0.3 0.8 0.8 382,254 373,150 379,230 348,802 9.6

 Durable goods industries........................ 476,331 474,225 470,370 0.4 0.8 0.8 475,343 462,231 470,771 430,631 10.4

 Wood products........................................ 14,153 14,083 14,006 0.5 0.5 0.7 14,532 14,130 14,013 13,216 10.0

 Nonmetallic mineral products..................... 15,368 15,335 15,204 0.2 0.9 0.9 15,423 15,060 14,835 14,204 8.6

 Primary metals......................................... 42,951 42,706 42,264 0.6 1.0 0.8 43,247 42,229 41,892 35,899 20.5

 Iron and steel mills............................... 24,801 24,437 24,195 1.5 1.0 0.9 25,082 24,146 24,014 20,016 25.3

 Aluminum and nonferrous metals............ 15,662 15,752 15,598 -0.6 1.0 0.7 15,664 15,620 15,443 13,648 14.8

 Ferrous metal foundries........................ 2,488 2,517 2,471 -1.2 1.9 1.1 2,501 2,463 2,435 2,235 11.9

 Fabricated metal products......................... 63,204 62,726 62,004 0.8 1.2 1.4 63,170 61,516 61,137 53,779 17.5

 Machinery.............................................. 79,450 78,691 77,604 1.0 1.4 1.5 78,714 76,732 78,422 69,379 13.5

 Farm machinery.................................. 5,344 5,111 4,847 4.6 5.4 3.8 5,526 5,203 5,064 3,919 41.0

 Construction machinery......................... 7,121 6,999 6,903 1.7 1.4 3.7 7,045 6,779 6,929 5,705 23.5

 Mining, oil field, 

 and gas field machinery.................... 6,148 6,139 6,104 0.1 0.6 -0.9 6,105 5,942 6,144 5,961 2.4

 Industrial machinery............................. 9,736 9,721 9,516 0.2 2.2 2.0 9,322 9,780 9,584 8,416 10.8

 Photographic equipment....................... 1,342 1,330 1,327 0.9 0.2 0.9 1,351 1,279 1,354 1,287 5.0

 Ventilation, heating, air-conditioning,

 and refrigeration equipment............... 6,270 6,182 5,986 1.4 3.3 0.2 6,234 5,744 5,819 5,415 15.1

 Metalworking machinery........................ 6,108 6,180 6,104 -1.2 1.2 1.4 5,986 6,080 6,191 5,573 7.4

 Turbines, generators, and other

 power transmission equipment............ 10,217 10,147 10,248 0.7 -1.0 2.0 10,106 9,671 10,435 8,955 12.9

 Material handling equipment.................. 6,449 6,380 6,223 1.1 2.5 2.5 6,249 6,003 6,424 5,115 22.2

 Computers and electronic products2............ 48,246 48,147 47,762 0.2 0.8 0.7 48,039 46,819 48,031 46,234 3.9

 Computers......................................... 2,108 2,136 2,123 -1.3 0.6 0.6 1,988 2,037 2,129 1,797 10.6

 Computer storage devices.................... 838 832 845 0.7 -1.5 -1.7 836 824 905 811 3.1

 Other peripheral equipment................... 839 863 847 -2.8 1.9 3.9 828 842 879 834 -0.7

 Nondefense communications

 equipment...................................... 4,483 4,483 4,466 0.0 0.4 -0.4 4,381 4,183 4,614 4,347 0.8

 Defense communications equipment........ 664 656 654 1.2 0.3 -0.3 664 656 654 658 0.9

 Audio and video equipment.................... 800 818 788 -2.2 3.8 10.4 800 804 774 663 20.7

 Electronic components.......................... 8,256 8,178 8,090 1.0 1.1 -0.4 8,481 7,968 7,835 8,500 -0.2

 Nondefense search and navigation

 equipment...................................... 3,393 3,375 3,369 0.5 0.2 0.8 3,404 3,291 3,362 3,242 5.0

 Defense search and navigation

 equipment....................................... 3,011 3,040 3,042 -1.0 -0.1 0.5 3,000 2,936 3,002 2,989 0.4

 Electromedical, measuring 

 and control instruments...................... 17,092 17,024 16,919 0.4 0.6 0.8 16,837 16,565 17,085 15,979 5.4

 Electrical equipment, appliances, 

 and components.................................... 22,386 22,234 21,656 0.7 2.7 1.3 22,390 21,279 21,274 19,934 12.3

 Electric lighting equipment..................... 2,499 2,490 2,473 0.4 0.7 1.0 2,526 2,405 2,455 2,339 8.0

 Household appliances........................... 3,386 3,336 3,271 1.5 2.0 1.8 3,391 3,055 3,218 2,750 23.3

 Electrical equipment............................. 6,721 6,689 6,485 0.5 3.1 1.3 6,752 6,454 6,404 6,220 8.6

 Batteries............................................ 1,791 1,775 1,756 0.9 1.1 0.4 1,668 1,601 1,588 1,607 3.8

 Transportation equipment......................... 154,132 154,299 154,058 -0.1 0.2 0.1 153,349 149,176 155,219 144,655 6.0

 Automobiles....................................... 7,788 7,630 7,586 2.1 0.6 -1.3 7,684 7,079 7,572 5,434 41.4

 Light trucks and utility vehicles.............. 7,919 7,845 7,799 0.9 0.6 -0.3 7,787 6,699 8,177 5,721 36.1

 Heavy duty trucks ............................... 2,897 2,817 2,803 2.8 0.5 1.0 2,891 2,587 2,722 2,173 33.0

 Motor vehicle bodies, parts, 

 and trailers...................................... 31,938 31,864 31,429 0.2 1.4 -0.4 32,220 31,275 31,184 28,462 13.2

 Nondefense aircraft and parts................ 75,258 75,933 76,206 -0.9 -0.4 0.2 74,572 73,691 77,346 76,022 -1.9

 Defense aircraft and parts..................... 12,713 12,526 12,631 1.5 -0.8 0.6 12,660 12,447 12,655 12,376 2.3

 Ships and boats.................................. 3,970 3,962 3,844 0.2 3.1 -0.9 3,951 3,931 3,792 3,195 23.7

 Furniture and related products.................... 8,798 8,617 8,431 2.1 2.2 1.8 8,893 8,437 8,427 7,471 19.0

 Miscellaneous durable goods..................... 27,643 27,387 27,381 0.9 0.0 0.6 27,586 26,853 27,521 25,860 6.7

 Nondurable goods industries...................... 303,289 299,779 300,480 1.2 -0.2 0.8 303,541 294,114 300,067 278,253 9.1

 Food products........................................ 63,923 63,573 62,981 0.6 0.9 0.3 64,022 63,568 64,755 61,790 3.6

 Grain and oilseed milling........................ 6,826 6,806 6,800 0.3 0.1 -0.2 7,166 6,969 6,944 6,396 12.0

 Dairy products.................................... 9,406 9,258 9,046 1.6 2.3 0.4 9,218 8,853 8,714 8,781 5.0

 Meat, poultry, and seafood products....... 9,640 9,636 9,640 0.0 0.0 -0.3 9,551 9,417 9,698 9,668 -1.2

 Beverage and tobacco products................ 27,315 27,123 26,834 0.7 1.1 0.9 27,705 27,152 27,136 26,203 5.7

 Beverages......................................... 23,603 23,445 23,151 0.7 1.3 0.7 23,771 23,316 23,270 22,313 6.5

 Tobacco............................................ 3,712 3,678 3,683 0.9 -0.1 2.1 3,934 3,836 3,866 3,890 1.1

 Textile mills............................................ 3,388 3,351 3,286 1.1 2.0 2.0 3,420 3,333 3,263 3,022 13.2

 Textile products...................................... 4,207 4,201 4,153 0.1 1.2 1.3 4,286 4,184 4,159 3,971 7.9

 Apparel................................................. 1,902 1,913 1,875 -0.6 2.0 2.1 1,890 1,780 1,842 1,763 7.2

 Leather and allied products....................... 932 893 869 4.4 2.8 0.1 943 876 861 902 4.5

 Paper products....................................... 16,248 16,111 16,054 0.9 0.4 0.5 16,442 15,965 15,867 15,372 7.0

 Pulp, paper, and paperboard mills........... 4,954 4,949 4,954 0.1 -0.1 0.4 4,979 4,935 4,888 4,878 2.1

 Paperboard containers......................... 5,779 5,723 5,721 1.0 0.0 0.2 5,919 5,721 5,645 5,536 6.9

 Printing.................................................. 6,132 6,094 6,053 0.6 0.7 0.5 6,061 5,956 6,106 5,778 4.9

 Petroleum and coal products..................... 46,185 43,446 46,048 6.3 -5.7 0.5 45,264 40,885 44,751 34,515 31.1

 Petroleum refineries............................. 40,053 37,474 40,157 6.9 -6.7 0.1 39,070 35,013 39,026 29,458 32.6

 Chemical products..................................... 102,639 102,914 102,418 -0.3 0.5 1.3 102,839 100,790 101,623 97,683 5.3

 Pesticides, fertilizers, and other

 agricultural chemicals........................ 5,420 5,312 5,252 2.0 1.1 0.3 5,795 5,360 5,210 5,388 7.6

 Pharmaceuticals and medicines.............. 44,688 45,181 45,055 -1.1 0.3 0.9 44,505 43,880 44,705 45,421 -2.0

 Paints, coatings, and adhesives.............. 4,828 4,723 4,602 2.2 2.6 2.1 4,869 4,576 4,464 3,948 23.3

 Plastics and rubber products..................... 30,418 30,160 29,909 0.9 0.8 0.9 30,669 29,625 29,704 27,254 12.5

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

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

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

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

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, January Full Report, March 3, 2022. Information on data sources and methodology can be found on our website at 

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

 Topical Series1, 2

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

Seasonally Adjusted Not Seasonally Adjusted

Monthly Percent Change Monthly Year to date

Industry % Change6

Jan. Dec. Nov. Dec. - Nov. - Oct. - Jan. Dec. Nov. Jan. 2022/

2022p 2021r 2021 Jan. Dec. Nov. 2022p 2021r 2021 2021 2022p 2021 2021

SHIPMENTS

 All manufacturing industries......................... 536,911 530,726 526,864 1.2 0.7 0.7 494,867 528,638 515,961 443,319 494,867 443,319 11.6

 Construction materials and supplies....... 61,555 60,408 59,635 1.9 1.3 2.0 53,480 54,583 56,517 47,324 53,480 47,324 13.0

 Information technology......................... 25,929 25,426 25,286 2.0 0.6 0.9 22,478 29,401 24,946 21,151 22,478 21,151 6.3

 Computers and related products........... 1,939 1,929 1,895 0.5 1.8 -2.1 1,722 2,468 1,880 1,721 1,722 1,721 0.1

 Motor vehicle and parts......................... 54,772 55,192 54,134 -0.8 2.0 2.3 49,627 53,797 53,421 49,611 49,627 49,611 0.0

 Capital goods...................................... 96,887 94,697 93,634 2.3 1.1 0.4 84,510 104,362 90,860 76,130 84,510 76,130 11.0

 Nondefense capital goods3.................. 84,014 82,345 81,064 2.0 1.6 0.4 73,782 90,678 77,646 66,353 73,782 66,353 11.2

 Excluding aircraft............................. 79,083 77,632 76,343 1.9 1.7 0.4 70,171 83,833 73,059 63,282 70,171 63,282 10.9

 Defense capital goods4........................ 12,873 12,352 12,570 4.2 -1.7 0.4 10,728 13,684 13,214 9,777 10,728 9,777 9.7

 Consumer goods.................................. 217,912 216,116 215,369 0.8 0.3 0.7 204,601 216,001 215,051 181,808 204,601 181,808 12.5

 Consumer durable goods..................... 38,317 39,242 38,272 -2.4 2.5 2.4 33,398 40,602 38,304 34,947 33,398 34,947 -4.4

 Consumer nondurable goods................ 179,595 176,874 177,097 1.5 -0.1 0.3 171,203 175,399 176,747 146,861 171,203 146,861 16.6

 All manufacturing industries5...................... 544,224 536,660 533,104 1.4 0.7 1.8 511,909 540,574 517,494 444,682 511,909 444,682 15.1

 Construction materials and supplies....... 62,165 61,503 60,490 1.1 1.7 2.6 54,980 55,421 56,116 49,374 54,980 49,374 11.4

 Information technology......................... 26,163 26,424 27,148 -1.0 -2.7 3.7 22,898 31,206 26,080 21,718 22,898 21,718 5.4

 Computers and related products........... 1,925 1,884 1,861 2.2 1.2 -2.1 1,708 2,423 1,846 1,710 1,708 1,710 -0.1

 Motor vehicle and parts......................... 54,878 55,110 54,120 -0.4 1.8 1.6 50,145 54,589 53,946 50,451 50,145 50,451 -0.6

 Capital goods...................................... 107,512 102,090 103,112 5.3 -1.0 6.1 102,579 114,317 97,117 77,672 102,579 77,672 32.1

 Nondefense capital goods3.................. 97,097 93,085 89,478 4.3 4.0 5.1 93,945 98,943 85,587 65,961 93,945 65,961 42.4

 Excluding aircraft............................. 80,139 79,314 78,973 1.0 0.4 0.2 74,022 84,752 75,197 67,024 74,022 67,024 10.4

 Defense capital goods4........................ 10,415 9,005 13,634 15.7 -34.0 13.2 8,634 15,374 11,530 11,711 8,634 11,711 -26.3

 Consumer goods.................................. 217,922 216,259 215,285 0.8 0.5 0.7 204,647 215,797 215,064 182,157 204,647 182,157 12.3

 Consumer durable goods..................... 38,327 39,385 38,188 -2.7 3.1 2.5 33,444 40,398 38,317 35,296 33,444 35,296 -5.2

 Consumer nondurable goods.............. 179,595 176,874 177,097 1.5 -0.1 0.3 171,203 175,399 176,747 146,861 171,203 146,861 16.6

 All manufacturing industries5...................... 1,283,495 1,271,825 1,261,508 0.9 0.8 0.8 1,283,068 1,261,273 1,245,397 1,180,654 (X) (X) 8.7

 Construction materials and supplies....... 80,031 79,421 78,326 0.8 1.4 1.1 78,455 76,955 76,117 59,847 (X) (X) 31.1

 Information technology......................... 127,573 127,339 126,341 0.2 0.8 1.5 127,142 126,722 124,917 117,370 (X) (X) 8.3

 Computers and related products........... 1,352 1,366 1,411 -1.0 -3.2 -2.4 1,352 1,366 1,411 1,534 (X) (X) -11.9

 Motor vehicle and parts......................... 28,475 28,369 28,451 0.4 -0.3 0.0 29,148 28,630 27,838 25,687 (X) (X) 13.5

 Capital goods...................................... 979,428 968,803 961,410 1.1 0.8 1.0 978,648 960,579 950,624 907,995 (X) (X) 7.8

 Nondefense capital goods3.................. 794,040 780,957 770,217 1.7 1.4 1.1 793,529 773,366 765,101 716,333 (X) (X) 10.8

 Excluding aircraft............................. 244,023 242,967 241,285 0.4 0.7 1.1 243,618 239,767 238,848 217,652 (X) (X) 11.9

 Defense capital goods4........................ 185,388 187,846 191,193 -1.3 -1.8 0.6 185,119 187,213 185,523 191,662 (X) (X) -3.4

 Consumer goods.................................. 7,766 7,756 7,613 0.1 1.9 -1.1 7,644 7,598 7,802 6,562 (X) (X) 16.5

 Consumer durable goods..................... 7,766 7,756 7,613 0.1 1.9 -1.1 7,644 7,598 7,802 6,562 (X) (X) 16.5 

 All manufacturing industries....................... 779,620 774,004 770,850 0.7 0.4 0.8 778,884 756,345 770,838 708,884 (X) (X) 9.9

 Construction materials and supplies....... 85,747 85,347 84,351 0.5 1.2 1.3 86,223 83,694 82,908 74,311 (X) (X) 16.0

 Information technology......................... 42,716 42,655 42,201 0.1 1.1 0.9 42,306 41,338 42,527 39,775 (X) (X) 6.4

 Computers and related products........... 3,785 3,831 3,815 -1.2 0.4 0.8 3,652 3,703 3,913 3,442 (X) (X) 6.1

 Motor vehicle and parts......................... 50,542 50,156 49,617 0.8 1.1 -0.4 50,582 47,640 49,655 41,790 (X) (X) 21.0

 Capital goods...................................... 229,620 229,128 227,631 0.2 0.7 0.9 227,512 223,021 229,728 213,754 (X) (X) 6.4

 Nondefense capital goods3.................. 208,135 207,744 206,291 0.2 0.7 0.9 206,077 201,749 208,490 193,333 (X) (X) 6.6

 Excluding aircraft............................. 143,048 141,963 140,258 0.8 1.2 1.3 141,656 138,153 141,338 128,171 (X) (X) 10.5

 Defense capital goods4........................ 21,485 21,384 21,340 0.5 0.2 0.4 21,435 21,272 21,238 20,421 (X) (X) 5.0

 Consumer goods.................................. 237,278 233,831 234,997 1.5 -0.5 0.6 236,826 227,480 236,013 214,771 (X) (X) 10.3

 Consumer durable goods..................... 40,553 39,988 39,675 1.4 0.8 0.6 40,608 37,637 40,186 33,025 (X) (X) 23.0

 Consumer nondurable goods................ 196,725 193,843 195,322 1.5 -0.8 0.6 196,218 189,843 195,827 181,746 (X) (X) 8.0

NEW ORDERS 

UNFILLED ORDERS 

TOTAL INVENTORIES 

X

 Not Applicable 

p

 Preliminary 

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

1

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

are not adjusted for price changes. 

2 Topical series are regroupings of the separate industry categories. 

3

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

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

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

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

4

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

5 Estimates and percent changes exclude semiconductor industry data. 

6

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

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

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

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, January Full Report, March 3, 2022. Information on data sources and methodology can be found on our website at 

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

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

Seasonally Adjusted Not Seasonally Adjusted

Monthly Percent Change Monthly % Change

Industry January

Jan. Dec. Nov. Dec. - Nov. - Oct. - Jan. Dec. Nov. Jan. 2022/

2022p 2021r 2021 Jan. Dec. Nov. 2022p 2021r 2021 2021 2021

MATERIALS AND SUPPLIES

 All manufacturing industries....................... 280,475 279,374 278,625 0.4 0.3 1.2 280,749 276,566 277,147 244,809 14.7

 Durable goods industries.......................... 175,602 175,358 173,480 0.1 1.1 1.4 175,633 173,574 173,191 150,023 17.1

 Wood products................................... 6,174 6,060 6,080 1.9 -0.3 0.7 6,388 6,266 6,231 5,822 9.7

 Nonmetallic mineral products................. 6,511 6,414 6,368 1.5 0.7 1.6 6,501 6,370 6,312 5,796 12.2

 Primary metals.................................... 15,512 15,832 15,929 -2.0 -0.6 0.7 15,631 16,082 16,084 13,249 18.0

 Fabricated metal products.......................... 26,604 26,164 25,687 1.7 1.9 2.9 26,631 25,994 25,451 20,818 27.9

 Machinery.......................................... 32,798 32,503 32,786 0.9 -0.9 2.2 32,550 31,914 32,823 27,463 18.5

 Computers and electronic products........ 23,259 23,136 22,650 0.5 2.1 0.9 23,175 22,765 22,803 21,029 10.2

 Electrical equipment, appliances,

 and components............................... 10,431 10,281 9,961 1.5 3.2 2.1 10,434 9,934 9,790 8,851 17.9

 Transportation equipment..................... 41,024 41,733 40,913 -1.7 2.0 0.3 40,946 41,104 40,650 35,014 16.9

 Furniture and related products............... 4,373 4,234 4,161 3.3 1.8 2.3 4,476 4,182 4,110 3,730 20.0

 Miscellaneous products......................... 8,916 9,001 8,945 -0.9 0.6 0.1 8,901 8,963 8,937 8,251 7.9

 Nondurable goods industries...................... 104,873 104,016 105,145 0.8 -1.1 0.9 105,116 102,992 103,956 94,786 10.9

 Food products.................................... 23,251 23,169 23,137 0.4 0.1 0.8 23,348 23,398 23,350 22,326 4.6

 Beverage and tobacco products........................ 5,613 5,573 5,591 0.7 -0.3 2.1 5,817 5,686 5,672 5,481 6.1

 Textiles.............................................. 1,335 1,340 1,314 -0.4 2.0 1.5 1,334 1,338 1,300 1,162 14.8

 Textile products................................... 1,487 1,464 1,449 1.6 1.0 0.6 1,507 1,470 1,451 1,402 7.5

 Apparel............................................. 656 639 634 2.7 0.8 1.0 657 615 629 583 12.7

 Leather and allied products.................... 331 327 322 1.2 1.6 2.2 331 323 318 282 17.4

 Paper products.................................... 8,431 8,289 8,303 1.7 -0.2 0.3 8,533 8,285 8,268 7,803 9.4

 Printing ............................................. 3,197 3,166 3,102 1.0 2.1 0.6 3,155 3,117 3,106 2,801 12.6

 Petroleum and coal products................. 13,480 13,548 15,154 -0.5 -10.6 1.1 13,036 12,605 14,039 11,063 17.8

 Chemical products................................ 33,538 33,193 32,929 1.0 0.8 1.1 33,697 32,877 32,742 30,478 10.6

 Plastics and rubber products.................. 13,554 13,308 13,210 1.8 0.7 0.4 13,701 13,278 13,081 11,405 20.1

WORK IN PROCESS

 All manufacturing industries....................... 224,174 223,142 221,910 0.5 0.6 0.5 222,811 216,893 223,844 210,606 5.8

 Durable goods industries.......................... 170,419 170,418 168,871 0.0 0.9 0.5 169,059 164,783 169,647 160,850 5.1

 Wood products................................... 2,491 2,518 2,390 -1.1 5.4 2.5 2,545 2,490 2,354 2,271 12.1

 Nonmetallic mineral products................. 1,509 1,520 1,540 -0.7 -1.3 0.5 1,519 1,459 1,473 1,501 1.2

 Primary metals.................................... 12,509 12,199 11,981 2.5 1.8 0.9 12,286 11,612 11,874 10,054 22.2

 Fabricated metal products.......................... 14,732 14,535 14,466 1.4 0.5 0.2 14,654 14,096 14,393 13,389 9.4

 Machinery.......................................... 24,113 23,666 22,297 1.9 6.1 2.4 23,724 22,581 22,730 19,399 22.3

 Computers and electronic products........ 13,073 13,131 13,125 -0.4 0.0 -0.7 13,065 12,634 12,945 13,346 -2.1

 Electrical equipment, appliances,

 and components............................... 4,150 4,208 4,130 -1.4 1.9 -0.2 4,104 4,024 4,052 3,985 3.0

 Transportation equipment..................... 92,113 92,969 93,250 -0.9 -0.3 0.1 91,476 90,405 94,088 91,780 -0.3

 Furniture and related products............... 1,348 1,334 1,380 1.0 -3.3 0.9 1,336 1,321 1,413 1,171 14.1

 Miscellaneous products......................... 4,381 4,338 4,312 1.0 0.6 1.1 4,350 4,161 4,325 3,954 10.0

 Nondurable goods industries...................... 53,755 52,724 53,039 2.0 -0.6 0.5 53,752 52,110 54,197 49,756 8.0

 Food products.................................... 7,658 7,501 7,294 2.1 2.8 -0.8 8,012 7,945 8,285 7,908 1.3

 Beverage and tobacco products........................ 9,269 9,291 9,237 -0.2 0.6 0.3 9,480 9,558 9,490 9,238 2.6

 Textiles.............................................. 607 604 598 0.5 1.0 1.2 610 586 596 559 9.1

 Textile products................................... 422 428 415 -1.4 3.1 3.0 428 415 417 405 5.7

 Apparel............................................. 239 243 241 -1.6 0.8 0.0 232 221 235 232 0.0

 Leather and allied products.................... 91 91 90 0.0 1.1 -1.1 93 89 90 111 -16.2

 Paper products.................................... 1,525 1,525 1,499 0.0 1.7 1.4 1,522 1,490 1,481 1,394 9.2

 Printing ............................................. 1,205 1,203 1,214 0.2 -0.9 2.2 1,193 1,164 1,256 1,114 7.1

 Petroleum and coal products................. 13,592 12,357 12,691 10.0 -2.6 1.2 13,231 11,293 12,446 9,024 46.6

 Chemical products................................ 15,503 15,870 16,142 -2.3 -1.7 0.7 15,302 15,835 16,251 16,266 -5.9

 Plastics and rubber products.................. 3,644 3,611 3,618 0.9 -0.2 -0.7 3,649 3,514 3,650 3,505 4.1

FINISHED GOODS

 All manufacturing industries....................... 274,971 271,488 270,315 1.3 0.4 0.7 275,324 262,886 269,847 253,469 8.6

 Durable goods industries.......................... 130,310 128,449 128,019 1.4 0.3 0.4 130,651 123,874 127,933 119,758 9.1

 Wood products................................... 5,488 5,505 5,536 -0.3 -0.6 0.0 5,599 5,374 5,428 5,123 9.3

 Nonmetallic mineral products................. 7,348 7,401 7,296 -0.7 1.4 0.5 7,403 7,231 7,050 6,907 7.2

 Primary metals.................................... 14,930 14,675 14,354 1.7 2.2 0.9 15,330 14,535 13,934 12,596 21.7

 Fabricated metal products.......................... 21,868 22,027 21,851 -0.7 0.8 0.4 21,885 21,426 21,293 19,572 11.8

 Machinery.......................................... 22,539 22,522 22,521 0.1 0.0 -0.4 22,440 22,237 22,869 22,517 -0.3

 Computers and electronic products........ 11,914 11,880 11,987 0.3 -0.9 1.6 11,799 11,420 12,283 11,859 -0.5

 Electrical equipment, appliances,

 and components............................... 7,805 7,745 7,565 0.8 2.4 1.1 7,852 7,321 7,432 7,098 10.6

 Transportation equipment..................... 20,995 19,597 19,895 7.1 -1.5 -0.3 20,927 17,667 20,481 17,861 17.2

 Furniture and related products............... 3,077 3,049 2,890 0.9 5.5 1.7 3,081 2,934 2,904 2,570 19.9

 Miscellaneous products......................... 14,346 14,048 14,124 2.1 -0.5 0.7 14,335 13,729 14,259 13,655 5.0

 Nondurable goods industries...................... 144,661 143,039 142,296 1.1 0.5 0.9 144,673 139,012 141,914 133,711 8.2

 Food products.................................... 33,014 32,903 32,550 0.3 1.1 0.2 32,662 32,225 33,120 31,556 3.5

 Beverage and tobacco products........................ 12,433 12,259 12,006 1.4 2.1 0.8 12,408 11,908 11,974 11,484 8.0

 Textiles.............................................. 1,446 1,407 1,374 2.8 2.4 3.0 1,476 1,409 1,367 1,301 13.5

 Textile products................................... 2,298 2,309 2,289 -0.5 0.9 1.4 2,351 2,299 2,291 2,164 8.6

 Apparel............................................. 1,007 1,031 1,000 -2.3 3.1 3.4 1,001 944 978 948 5.6

 Leather and allied products.................... 510 475 457 7.4 3.9 -1.1 519 464 453 509 2.0

 Paper products.................................... 6,292 6,297 6,252 -0.1 0.7 0.6 6,387 6,190 6,118 6,175 3.4

 Printing ............................................. 1,730 1,725 1,737 0.3 -0.7 -0.6 1,713 1,675 1,744 1,863 -8.1

 Petroleum and coal products................. 19,113 17,541 18,203 9.0 -3.6 -0.5 18,997 16,987 18,266 14,428 31.7

 Chemical products................................ 53,598 53,851 53,347 -0.5 0.9 1.6 53,840 52,078 52,630 50,939 5.7

 Plastics and rubber products.................. 13,220 13,241 13,081 -0.2 1.2 1.9 13,319 12,833 12,973 12,344 7.9

p

 Preliminary 

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

1

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

Estimates are not adjusted for price changes. 

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

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

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, January Full Report, March 3, 2022. Information on data sources and methodology can be found on our website at 

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

 to Shipments, by Industry Group 1

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

Inventory/Shipments ratio Unfilled Orders/Shipments ratio2

Industry Jan Dec Nov Oct Jan Dec Nov Oct

2022p 2021r 2021 2021 2022p 2021r 2021 2021

All manufacturing industries3

.................................... 1.45 1.46 1.46 1.46 (X) (X) (X) (X)

Durable goods industries3

........................................ 1.76 1.77 1.78 1.78 6.74 6.80 6.79 6.77

 Wood products........................................................... 1.18 1.19 1.20 1.21 (X) (X) (X) (X)

 Nonmetallic mineral products............................. 1.22 1.24 1.25 1.27 (X) (X) (X) (X)

 Primary metals............................................................ 1.74 1.72 1.72 1.70 1.68 1.65 1.65 1.65

 Fabricated metal products...................................... 1.69 1.70 1.70 1.69 2.89 2.93 2.95 2.95

 Machinery..................................................................... 2.04 2.08 2.09 2.06 3.29 3.39 3.41 3.40

 Computers and electronic products3

................... 1.62 1.64 1.64 1.64 5.27 5.32 5.34 5.30

 Electrical equipment, appliances,

 and components.................................................... 1.69 1.70 1.67 1.66 2.70 2.71 2.70 2.67

 Transportation equipment..................................... 1.98 1.98 2.01 2.04 16.54 16.76 16.64 16.58

 Furniture and related products............................ 1.45 1.44 1.41 1.35 2.27 2.30 2.23 2.16

 Miscellaneous products.......................................... 1.57 1.59 1.60 1.62 (X) (X) (X) (X)

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

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

 Beverage and tobacco products........................... 1.88 1.87 1.91 1.90 (X) (X) (X) (X)

 Textiles.......................................................................... 1.42 1.40 1.40 1.39 (X) (X) (X) (X)

 Textile products......................................................... 2.21 2.21 2.20 2.20 (X) (X) (X) (X)

 Apparel........................................................................ 2.17 2.15 2.13 2.11 (X) (X) (X) (X)

 Leather and allied products................................ 2.19 2.03 2.04 2.02 (X) (X) (X) (X)

 Paper products.......................................................... 0.91 0.91 0.92 0.92 (X) (X) (X) (X)

 Printing........................................................................ 0.86 0.87 0.88 0.88 (X) (X) (X) (X)

 Petroleum and coal products............................... 0.79 0.76 0.80 0.80 (X) (X) (X) (X)

 Chemical products................................................... 1.49 1.51 1.50 1.49 (X) (X) (X) (X)

 Plastics and rubber products................................ 1.34 1.34 1.33 1.34 (X) (X) (X) (X)

Jan3 Jan3 Jan3 Jan3

Industry 2021- 2021- 2021- 2021-

Jan2 Dec Jan2 Dec Jan2 Dec Jan2 Dec

2022 2021 2022 2021 2022 2021 2022 2021

All manufacturing industries.................. (X) 0.2 (X) 0.4 (X) 0.1 (X) 0.1

Durable goods industries....................... -0.1 0.2 0.0 0.8 0.0 0.1 0.0 0.1

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

 Nonmetallic mineral products.............. (X) 0.3 (X) (NA) (X) (NA) (X) 0.2

 Primary metals............................................. -0.4 0.6 -0.2 1.1 0.1 0.3 0.2 0.3

 Fabricated metal products.................... 0.0 0.2 0.1 0.8 0.0 0.3 0.1 0.1

 Machinery...................................................... 0.0 0.3 0.3 0.7 0.1 0.1 0.1 0.2

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

 Electrical equipment, appliances,

 and components..................................... -0.1 0.3 0.1 0.8 0.1 0.3 0.1 0.3

 Transportation equipment.................... 0.0 0.8 0.0 2.1 0.0 0.2 0.0 0.1

 Furniture and related products............. (X) 0.4 (X) 0.8 (X) 0.5 (X) 0.3

 Miscellaneous products.......................... (X) 0.4 (X) 0.4 (X) 0.2 (X) 0.1

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

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

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

 Textiles.......................................................... (X) 0.5 (X) (NA) (X) (NA) (X) 0.2

 Textile products......................................... (X) 0.5 (X) (NA) (X) (NA) (X) 0.3

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

 Leather and allied products.................. (X) 1.0 (X) (NA) (X) (NA) (X) 0.4

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

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

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

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

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

X

 Not Applicable 

p

 Preliminary 

r

 Revised data due to late receipts and concurrent seasonal adjustment. 

2

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

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

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

miscellaneous furniture. 

3

 Unfilled orders to shipments ratio excludes semiconductor manufacturing. 

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

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

error cannot be calculated. For further details on survey design, methodology, and data limitations see <http://www.census.gov/manufacturing/m3/>. 

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, January Full Report, March 3, 2022. Information on data 

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

X Not Applicable 

NA Not Available 

1

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

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

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

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

2

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

3

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

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

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

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

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

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

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

Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, January Full Report, March 3, 2022. 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