Monthly Full Report On Manufacturers' Shipments, Inventories and Orders MAY 2024
Monthly Full Report On Manufacturers' Shipments, Inventories and Orders MAY 2024
Monthly Full Report On Manufacturers' Shipments, Inventories and Orders MAY 2024
July 3, 2024 — The U.S. Census Bureau announces the May full report on manufacturers’ shipments,
inventories and orders:
3.0%
0.0%
-1.0%
APRIL 2024 -0.5%
$586.1 billion +0.4%° -1.0%
(revised) -2.0%
-2.1% -2.3%
-3.0%
-3.0%
Next release: August 2, 2024 -4.0%
-5.0%
Data adjusted for seasonal variation but not for price changes. Statistical significance is not Jun-23 Jul-23 Aug-23 Sep-23 Oct-23 Nov-23 Dec-23 Jan-24 Feb-24 Mar-24 Apr-24 May-24
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, July 3, 2024.
Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories and Orders, July 3, 2024.
Summary
New orders for manufactured goods in May, down following three consecutive monthly increases,
decreased $3.0 billion or 0.5 percent to $583.1 billion, the U.S. Census Bureau reported today. This
followed a 0.4 percent April increase. Shipments, also down following three consecutive monthly
increases, decreased $4.2 billion or 0.7 percent to $584.8 billion. This followed a 0.8 percent April
increase. Unfilled orders, up forty-six consecutive months, increased $3.1 billion or 0.2 percent to
$1,402.8 billion. This followed a 0.1 percent April increase. The unfilled orders-to-shipments ratio was
7.18, up from 7.11 in April. Inventories, up five of the last six months, increased $1.8 billion or 0.2 percent
to $860.1 billion. This followed a 0.1 percent April increase. The inventories-to-shipments ratio was 1.47,
up from 1.46 in April.
New Orders
New orders for manufactured durable goods in May, up four consecutive months, increased $0.2 billion or
0.1 percent to $282.9 billion, unchanged from the previously published increase. This followed a 0.2
percent April increase. Transportation equipment, up three of the last four months, drove the increase,
Shipments
Shipments of manufactured durable goods in May, down following three consecutive monthly increases,
decreased $1.1 billion or 0.4 percent to $284.6 billion, down from the previously published 0.3 percent
decrease. This followed a 1.1 percent April increase. Transportation equipment, also down following
three consecutive monthly increases, led the decrease, $0.8 billion or 0.9 percent to $91.9 billion.
Shipments of manufactured nondurable goods, down following three consecutive monthly increases,
decreased $3.2 billion or 1.0 percent to $300.2 billion. This followed a 0.5 percent April increase.
Petroleum and coal products, also down following three consecutive monthly increase, drove the
decrease, $4.0 billion or 5.7 percent to $65.2 billion.
Unfilled Orders
Unfilled orders for manufactured durable goods in May, up forty-six consecutive months, increased $3.1
billion or 0.2 percent to $1,402.8 billion, unchanged from the previously published increase. This followed
a 0.1 percent April increase. Transportation equipment, up forty-three of the last forty-four months, drove
the increase, $3.4 billion or 0.4 percent to $909.0 billion.
Inventories
Inventories of manufactured durable goods in May, up five of the last six months, increased $1.4 billion or
0.3 percent to $529.9 billion, unchanged from the previously published increase. This followed a 0.1
percent April increase. Transportation equipment, up eleven of the last twelve months, led the increase,
$1.1 billion or 0.7 percent to $172.3 billion. Inventories of manufactured nondurable goods, up four
consecutive months, increased $0.4 billion or 0.1 percent to $330.2 billion. This followed a 0.1 percent
April increase. Petroleum and coal products, up three of the last four months, led the increase, $0.4 billion
or 0.8 percent to $48.0 billion. By stage of fabrication, May materials and supplies increased 0.2 percent in
durable goods and 0.4 percent in nondurable goods. Work in process increased 0.8 percent in durable
goods and 0.9 percent in nondurable goods. Finished goods decreased 0.3 percent in durable goods and
0.4 percent in nondurable goods.
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-FY24-0254).
Special Notice:
Beginning with the release of June 2024 data on July 25, 2024, advance estimates of total manufacturing
will include Petroleum and coal products shipments and inventories data, an enhancement of the
publication to include an early snapshot of this industry from the monthly Manufacturers’ Shipments,
Inventories and Orders. These estimates will be available on a seasonally adjusted basis as well as a not
seasonally adjusted basis and will be included in the Advance Total Manufacturing Estimates file on the M3
website under the “Latest Monthly Advance report on manufacturers’ Shipments, Inventories and Order”,
Monthly Advance Report on Durable Goods Manufacturers' Shipments Inventories and Orders - Press
Releases (census.gov).
###
All manufacturing industries......………… 584,805 589,029 584,267 -0.7 0.8 0.4 601,398 589,418 606,486 588,352 2,892,362 2,835,184 2.0
Excluding transportation……….……… 492,859 496,285 494,348 -0.7 0.4 0.4 507,390 499,294 508,062 496,388 2,444,571 2,398,569 1.9
Excluding defense…………...…..………. 567,829 572,142 567,789 -0.8 0.8 0.4 584,666 573,538 588,507 573,290 2,811,316 2,761,252 1.8
With unfilled orders…………...…..…….. 195,467 196,776 194,182 -0.7 1.3 -0.7 199,928 194,219 205,837 199,334 970,042 952,681 1.8
Durable goods industries………….…..……. 284,592 285,652 282,410 -0.4 1.1 0.1 291,844 282,467 298,572 288,023 1,402,942 1,374,225 2.1
Wood products…………..……...….………… 13,240 13,337 13,429 -0.7 -0.7 0.7 14,651 14,163 13,561 14,634 66,738 66,147 0.9
Nonmetallic mineral products…….…………. 13,261 13,328 13,275 -0.5 0.4 0.1 14,183 13,585 12,770 14,169 64,127 63,509 1.0
Primary metals…………………….………….. 26,668 26,668 26,478 0.0 0.7 -0.2 28,061 27,706 27,581 28,154 136,465 136,152 0.2
Iron and steel mills…………..……….…. 14,320 14,597 14,715 -1.9 -0.8 -0.7 15,172 15,289 15,280 15,848 75,508 75,503 0.0
Aluminum and nonferrous metals………. 10,634 10,373 10,160 2.5 2.1 0.6 11,012 10,602 10,608 10,537 52,347 52,055 0.6
Ferrous metal foundries………..…..……. 1,714 1,698 1,603 0.9 5.9 -0.3 1,877 1,815 1,693 1,769 8,610 8,594 0.2
Fabricated metal products…….……………. 36,257 36,292 36,284 -0.1 0.0 -0.3 37,744 36,775 37,265 36,874 181,833 175,143 3.8
Machinery……………………………………… 37,919 37,979 37,869 -0.2 0.3 0.5 39,386 38,215 40,707 39,077 190,142 186,323 2.0
Farm machinery…..………….…………… 2,652 2,614 2,899 1.5 -9.8 6.0 2,735 3,039 3,388 2,690 14,260 13,109 8.8
Construction machinery…..………….… 4,365 4,445 4,452 -1.8 -0.2 1.5 4,722 4,695 4,767 4,605 22,746 21,439 6.1
Mining, oil field, and
gas field machinery………...………….. 1,681 1,638 1,655 2.6 -1.0 3.9 1,695 1,574 1,740 1,807 8,106 8,518 -4.8
Industrial machinery……….……………. 3,886 3,871 3,755 0.4 3.1 -1.4 3,695 3,505 4,210 3,194 18,289 17,257 6.0
Photographic equipment….……………… 613 604 625 1.5 -3.4 -4.6 629 529 692 677 3,024 3,021 0.1
Ventilation, heating, air-conditioning,
and refrigeration equipment………… 5,204 5,265 5,199 -1.2 1.3 0.0 5,788 5,242 5,319 5,415 25,294 23,015 9.9
Metalworking machinery......……..……. 2,691 2,700 2,698 -0.3 0.1 -1.3 2,662 2,602 2,817 2,761 13,488 13,530 -0.3
Turbines, generators, and other
power transmission equipment….… 3,881 3,858 3,832 0.6 0.7 3.1 3,971 3,906 3,912 4,248 19,268 19,846 -2.9
Material handling equipment…………… 3,918 3,895 3,747 0.6 3.9 -5.4 4,071 3,870 3,985 4,204 19,829 19,597 1.2
Computers and electronic products2………. 29,601 29,623 29,612 -0.1 0.0 -0.2 27,753 27,016 31,160 27,436 140,407 138,193 1.6
Computers…………...……………………. 1,028 1,029 991 -0.1 3.8 -0.1 1,047 975 943 836 4,643 3,699 25.5
Computer storage devices……….……….. 422 419 412 0.7 1.7 -5.1 362 386 509 371 1,980 1,833 8.0
Other peripheral equipment……….…… 845 840 797 0.6 5.4 -5.8 723 689 884 643 3,741 3,524 6.2
Nondefense communications
equipment……………………….…….. 2,796 2,866 2,866 -2.4 0.0 0.6 2,477 2,572 3,303 2,509 13,068 13,084 -0.1
Defense communications equipment…. 201 204 201 -1.5 1.5 3.6 189 201 207 192 949 972 -2.4
Audio and video equipment……...……….. 466 482 519 -3.3 -7.1 1.6 466 403 447 471 2,233 1,834 21.8
Electronic components…………..……….. 5,066 4,992 4,944 1.5 1.0 -1.1 5,096 4,694 5,205 4,739 24,628 23,003 7.1
Nondefense search and navigation
equipment……………….……...………. 1,670 1,683 1,647 -0.8 2.2 2.3 1,640 1,581 1,807 1,623 8,067 7,891 2.2
Defense search and navigation
equipment…………..…………....……. 3,446 3,423 3,411 0.7 0.4 0.6 3,373 3,270 3,641 3,237 16,471 15,533 6.0
Electromedical, measuring,
and control instruments……..…...… 8,757 8,799 8,824 -0.5 -0.3 0.2 8,149 8,050 9,682 8,337 41,315 41,646 -0.8
Electrical equipment, appliances,
and components………….….……………… 14,126 14,200 14,109 -0.5 0.6 -0.9 14,382 13,900 15,068 14,308 70,010 68,248 2.6
Electric lighting equipment…..…..……….. 1,343 1,360 1,393 -1.3 -2.4 2.7 1,390 1,341 1,444 1,353 6,686 6,226 7.4
Household appliances…………..………. 2,313 2,298 2,384 0.7 -3.6 0.8 2,374 2,144 2,595 2,429 11,202 11,271 -0.6
Electrical equipment………….…………… 4,534 4,673 4,527 -3.0 3.2 -3.1 4,606 4,524 4,985 4,631 23,086 22,400 3.1
Batteries………………...…….……....….. 1,398 1,314 1,302 6.4 0.9 -3.8 1,337 1,299 1,333 1,267 6,503 6,243 4.2
Transportation equipment………….……….. 91,946 92,744 89,919 -0.9 3.1 0.3 94,008 90,124 98,424 91,964 447,791 436,615 2.6
Automobiles……………………...………. 9,115 9,172 9,053 -0.6 1.3 -3.8 9,557 8,881 10,147 9,430 45,867 43,883 4.5
Light trucks and utility vehicles………….. 23,593 23,098 22,190 2.1 4.1 9.1 23,958 22,241 24,648 21,024 107,310 102,353 4.8
Heavy duty trucks ………...…………….. 2,995 3,159 3,193 -5.2 -1.1 -2.6 3,149 3,237 3,444 3,127 15,951 14,282 11.7
Motor vehicle bodies, parts,
and trailers………….…….....………… 29,048 29,082 28,933 -0.1 0.5 0.2 30,734 30,044 30,576 30,288 149,427 146,865 1.7
Nondefense aircraft and parts…..……….. 11,276 12,205 10,803 -7.6 13.0 -8.1 10,515 10,337 12,481 12,694 51,319 53,935 -4.9
Defense aircraft and parts……...…...… 5,153 5,223 4,995 -1.3 4.6 -1.2 5,098 4,886 5,368 4,723 24,381 22,621 7.8
Ships and boats……..………….…….….. 3,378 3,487 3,477 -3.1 0.3 -3.5 3,591 3,566 3,810 3,995 17,541 19,162 -8.5
Furniture and related products…….….……. 6,887 6,837 6,853 0.7 -0.2 0.2 6,954 6,674 6,851 6,876 33,678 33,532 0.4
Miscellaneous durable goods……..……… 14,687 14,644 14,582 0.3 0.4 0.4 14,722 14,309 15,185 14,531 71,751 70,363 2.0
Nondurable goods industries…….………….. 300,213 303,377 301,857 -1.0 0.5 0.7 309,554 306,951 307,914 300,329 1,489,420 1,460,959 1.9
Food products……….…………..……….….. 80,373 80,067 79,935 0.4 0.2 0.3 80,302 79,388 81,000 79,587 398,067 393,507 1.2
Grain and oilseed milling…….....….…….. 9,223 9,318 9,302 -1.0 0.2 -0.7 9,089 9,318 9,373 9,821 46,978 49,624 -5.3
Dairy products……………...……...……. 11,826 11,653 11,711 1.5 -0.5 0.7 12,049 11,601 11,821 11,740 58,293 57,773 0.9
Meat, poultry, and seafood products… 23,695 23,816 23,801 -0.5 0.1 0.3 24,492 23,879 24,008 24,780 118,611 119,282 -0.6
Beverage and tobacco products……………. 19,340 19,101 18,859 1.3 1.3 1.7 19,981 19,345 18,539 18,015 93,277 83,752 11.4
Beverages………………..….…..………… 11,496 11,391 11,346 0.9 0.4 -0.6 12,137 11,635 11,026 11,249 55,955 51,975 7.7
Tobacco……...……..…….……………….. 7,844 7,710 7,513 1.7 2.6 5.5 7,844 7,710 7,513 6,766 37,322 31,777 17.4
Textile mills………………….………………… 2,088 2,083 2,075 0.2 0.4 1.4 2,144 2,123 2,136 2,148 10,374 10,602 -2.2
Textile products………..…………………… 1,940 1,973 1,972 -1.7 0.1 -1.7 2,019 2,034 2,043 2,072 9,872 10,049 -1.8
Apparel……………………..……..………….. 806 814 817 -1.0 -0.4 -1.6 770 743 771 836 3,834 4,040 -5.1
Leather and allied products…………………. 526 525 546 0.2 -3.8 -4.9 547 550 564 497 2,768 2,459 12.6
Paper products…………………….……..….. 17,290 17,324 17,252 -0.2 0.4 0.2 17,782 17,195 17,518 17,997 86,549 86,871 -0.4
Pulp, paper, and paperboard mills....… 6,915 6,914 6,868 0.0 0.7 0.6 7,040 6,879 6,934 7,141 34,375 34,831 -1.3
Paperboard containers……..……………. 6,273 6,297 6,308 -0.4 -0.2 -0.5 6,398 6,242 6,383 6,468 31,548 31,123 1.4
Printing…………………...………….…….….. 7,315 7,338 7,250 -0.3 1.2 0.5 7,432 7,354 7,235 7,233 35,966 35,594 1.0
Petroleum and coal products……………… 65,171 69,127 68,725 -5.7 0.6 1.3 69,358 71,546 68,589 66,554 324,344 325,370 -0.3
Petroleum refineries………...……..…… 60,217 64,164 63,816 -6.2 0.5 1.7 64,075 66,733 64,136 61,307 301,516 303,452 -0.6
Chemical products……..……………..………… 80,165 79,946 79,529 0.3 0.5 0.7 82,783 81,031 83,892 79,808 398,646 386,377 3.2
Pesticides, fertilizers, and other
agricultural chemicals….…...……….... 4,218 4,185 4,131 0.8 1.3 1.9 4,633 4,940 5,431 4,119 23,455 21,842 7.4
Pharmaceuticals and medicines…………. 27,004 26,755 26,401 0.9 1.3 0.9 27,294 26,242 26,894 24,993 129,907 119,210 9.0
Paints, coatings, and adhesives…....… 4,138 4,156 4,165 -0.4 -0.2 0.4 4,600 4,507 4,339 4,614 21,122 20,920 1.0
Plastics and rubber products…...………… 25,199 25,079 24,897 0.5 0.7 0.1 26,436 25,642 25,627 25,582 125,723 122,338 2.8
p
Preliminary
r
Revised data due to late receipts and concurrent seasonal adjustment.
1
Estimates of shipments and new orders are for the duration of the period, while estimates of unfilled orders and total inventories are for the end of the period. Not seasonally adjusted estimates of shipments and new orders include adjusted data
for non-calendar reporters. Seasonally adjusted estimates include concurrent adjustments for holiday and trading-day differences, where appropriate, as well as seasonal variation, based on the results of the latest annual review of the model
parameters. Estimates are not adjusted for price changes.
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-FY24-0254).
Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, May Full Report, July 3, 2024. 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 Year to date
Industry % Change
May Apr. Mar. Apr. - Mar. - Feb. - May Apr. Mar. May 2024/
p r p r p
2024 2024 2024 May Apr. Mar. 2024 2024 2024 2023 2024 2023 2023
All manufacturing industries2......……….…….. 583,134 586,114 583,953 -0.5 0.4 0.7 594,494 582,517 613,440 588,969 2,876,232 2,846,146 1.1
Excluding transportation2……….………… 487,835 491,247 488,954 -0.7 0.5 0.4 503,080 496,602 506,544 491,447 2,431,830 2,385,676 1.9
Excluding defense2…………...…..………. 566,142 569,903 569,733 -0.7 0.0 0.9 579,393 568,234 594,334 574,298 2,801,440 2,762,776 1.4
With unfilled orders2………...…..………… 198,554 198,602 198,719 0.0 -0.1 0.3 197,117 191,384 217,163 204,287 976,507 988,079 -1.2
Durable goods industries2………….…..……. 282,921 282,737 282,096 0.1 0.2 0.8 284,940 275,566 305,526 288,640 1,386,812 1,385,187 0.1
Primary metals…………………….…………… 26,791 26,900 26,589 -0.4 1.2 0.5 28,051 27,725 27,909 27,988 137,964 136,818 0.8
Iron and steel mills…………..……….…… 14,201 14,392 14,636 -1.3 -1.7 -1.9 15,024 14,829 15,418 15,895 75,681 76,153 -0.6
Aluminum and nonferrous metals………. 10,881 10,759 10,244 1.1 5.0 2.9 11,206 10,955 10,691 10,364 53,471 52,017 2.8
Ferrous metal foundries………..…..……. 1,709 1,749 1,709 -2.3 2.3 7.7 1,821 1,941 1,800 1,729 8,812 8,648 1.9
Fabricated metal products…….…………….. 36,301 36,184 36,116 0.3 0.2 -0.3 38,967 37,668 38,761 37,951 186,880 180,374 3.6
Machinery……………………………………… 37,415 37,603 37,441 -0.5 0.4 -0.4 38,224 38,542 40,236 38,321 190,885 189,097 0.9
Construction machinery…..………………. 4,292 4,430 4,382 -3.1 1.1 5.8 4,440 4,811 4,578 4,323 22,443 21,298 5.4
Mining, oil field, and
gas field machinery………...………….. 1,503 1,730 1,582 -13.1 9.4 -12.9 1,517 1,666 1,667 1,716 8,163 8,435 -3.2
Industrial machinery……….……………… 3,805 3,723 3,639 2.2 2.3 1.4 3,534 3,563 4,084 3,416 17,836 18,321 -2.6
Photographic equipment….………………. 604 579 588 4.3 -1.5 -1.7 600 474 624 623 2,883 3,234 -10.9
Ventilation, heating, air-conditioning,
and refrigeration equipment…………… 5,155 5,079 5,073 1.5 0.1 -5.5 5,673 5,129 5,378 5,318 25,759 24,103 6.9
Metalworking machinery......……..……… 2,651 2,686 2,837 -1.3 -5.3 -0.5 2,537 2,646 2,938 2,526 13,928 13,510 3.1
Turbines, generators, and other
power transmission equipment….……. 3,812 3,830 3,925 -0.5 -2.4 -0.7 3,902 3,878 4,005 4,227 19,712 19,534 0.9
Material handling equipment……………… 3,876 3,804 3,736 1.9 1.8 -5.8 3,756 3,681 3,924 3,975 19,389 19,529 -0.7
Computers and electronic products2……….. 24,928 24,908 24,765 0.1 0.6 0.4 23,223 22,798 27,792 22,298 118,355 114,327 3.5
Computers…………...……………………. 1,027 1,006 989 2.1 1.7 -3.8 1,046 952 941 801 4,659 3,690 26.3
Nondefense communications
equipment……………………….…….… 2,749 2,796 2,716 -1.7 2.9 0.9 2,370 2,355 3,084 2,207 12,398 12,606 -1.7
Defense communications equipment……. 198 200 198 -1.0 1.0 2.6 185 193 199 187 930 956 -2.7
Electronic components…………..……….. 5,017 4,906 4,929 2.3 -0.5 -0.1 4,939 4,669 5,133 4,591 24,340 22,457 8.4
Nondefense search and navigation
equipment……………….……...………. 1,815 1,797 1,689 1.0 6.4 0.0 1,774 1,712 1,882 1,716 8,572 8,595 -0.3
Defense search and navigation
equipment…………..…………....…..… 3,478 3,514 3,631 -1.0 -3.2 7.2 3,122 3,389 4,738 2,909 17,379 16,078 8.1
Electromedical, measuring,
and control instruments……..…...……. 8,765 8,803 8,736 -0.4 0.8 -0.9 8,098 7,921 9,815 8,260 41,406 42,016 -1.5
Electrical equipment, appliances,
and components………….….……………… 14,098 14,146 14,023 -0.3 0.9 -1.8 14,392 13,998 15,309 14,378 71,028 69,831 1.7
Electric lighting equipment…..…..……….. 1,323 1,326 1,474 -0.2 -10.0 9.3 1,285 1,290 1,577 1,333 6,735 6,315 6.7
Household appliances…………..………… 2,404 2,419 2,367 -0.6 2.2 -8.5 2,457 2,227 2,677 2,435 11,628 11,356 2.4
Electrical equipment………….…………… 4,482 4,592 4,446 -2.4 3.3 -2.5 4,571 4,609 5,052 4,773 23,457 23,540 -0.4
Transportation equipment…………………… 95,299 94,867 94,999 0.5 -0.1 2.5 91,414 85,915 106,896 97,522 444,402 460,470 -3.5
Motor vehicle bodies, parts,
and trailers………….…….....…………. 29,120 29,026 29,095 0.3 -0.2 1.0 30,156 29,607 30,510 29,498 149,236 147,170 1.4
Nondefense aircraft and parts…..……….. 14,835 15,276 17,899 -2.9 -14.7 7.7 10,260 8,376 20,785 19,317 55,868 69,138 -19.2
Defense aircraft and parts……...….……. 5,425 4,424 4,147 22.6 6.7 -15.7 4,562 3,769 5,608 3,891 21,535 26,513 -18.8
Ships and boats……..………….…………. 3,088 3,148 2,621 -1.9 20.1 3.0 2,833 2,570 4,087 4,847 15,840 21,733 -27.1
Furniture and related products…….….…….. 6,904 6,825 6,882 1.2 -0.8 0.6 7,116 6,868 7,112 6,865 34,715 34,406 0.9
Nondurable goods industries......…………… 300,213 303,377 301,857 -1.0 0.5 0.7 309,554 306,951 307,914 300,329 1,489,420 1,460,959 1.9
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 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: CBDRB-
FY24-0254).
Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, May Full Report, July 3, 2024. 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 May
May Apr. Mar. Apr. - Mar. - Feb. - May Apr. Mar. May 2024/
2024p 2024r 2024 May Apr. Mar. 2024p 2024r 2024 2023 2023
All manufacturing industries2......……….…… 1,402,769 1,399,682 1,397,856 0.2 0.1 0.3 1,399,676 1,402,487 1,405,322 1,305,694 7.2
2
Excluding transportation ……….………… 493,763 494,029 494,326 -0.1 -0.1 -0.1 499,737 499,954 498,580 503,927 -0.8
Excluding defense2…………...…..……… 1,167,292 1,164,221 1,161,719 0.3 0.2 0.6 1,164,316 1,165,496 1,166,734 1,061,528 9.7
Durable goods industries2………….…..…… 1,402,769 1,399,682 1,397,856 0.2 0.1 0.3 1,399,676 1,402,487 1,405,322 1,305,694 7.2
Primary metals…………………….…………… 39,035 38,912 38,680 0.3 0.6 0.3 39,810 39,820 39,801 38,432 3.6
Iron and steel mills…………..……….……. 23,166 23,285 23,490 -0.5 -0.9 -0.3 23,559 23,707 24,167 23,111 1.9
Aluminum and nonferrous metals…………. 10,775 10,528 10,142 2.3 3.8 0.8 11,061 10,867 10,514 10,671 3.7
Ferrous metal foundries………..…..…….. 5,094 5,099 5,048 -0.1 1.0 2.1 5,190 5,246 5,120 4,650 11.6
Fabricated metal products…….……………… 129,158 129,114 129,222 0.0 -0.1 -0.1 131,719 130,496 129,603 131,655 0.0
Machinery………………………………………. 133,969 134,473 134,849 -0.4 -0.3 -0.3 135,067 136,229 135,902 141,131 -4.3
Construction machinery…..……………….. 9,379 9,452 9,467 -0.8 -0.2 -0.7 9,627 9,909 9,793 11,246 -14.4
Mining, oil field, and
gas field machinery………...………….. 4,703 4,881 4,789 -3.6 1.9 -1.5 4,703 4,881 4,789 5,229 -10.1
Industrial machinery……….………………. 10,162 10,243 10,391 -0.8 -1.4 -1.1 10,337 10,498 10,440 12,747 -18.9
Photographic equipment….……………….. 3,425 3,434 3,459 -0.3 -0.7 -1.1 3,408 3,437 3,492 4,056 -16.0
Ventilation, heating, air-conditioning,
and refrigeration equipment……………. 13,565 13,614 13,800 -0.4 -1.3 -0.9 13,937 14,052 14,165 14,040 -0.7
Metalworking machinery......……..………. 9,311 9,351 9,365 -0.4 -0.1 1.5 9,374 9,499 9,455 9,764 -4.0
Turbines, generators, and other
power transmission equipment….…….. 33,419 33,488 33,516 -0.2 -0.1 0.3 33,419 33,488 33,516 31,816 5.0
Material handling equipment………………. 18,807 18,849 18,940 -0.2 -0.5 -0.1 18,572 18,887 19,076 19,172 -3.1
2
Computers and electronic products …………. 135,247 135,162 135,136 0.1 0.0 0.0 135,722 136,159 136,311 134,960 0.6
Computers…………...…………………….. 1,288 1,289 1,312 -0.1 -1.8 -0.2 1,288 1,289 1,312 1,274 1.1
Nondefense communications
equipment……………………….…….… 17,124 17,171 17,241 -0.3 -0.4 -0.9 17,211 17,318 17,535 17,069 0.8
Defense communications equipment…….. 229 232 236 -1.3 -1.7 -1.3 227 231 239 230 -1.3
Electronic components…………..………… 16,058 16,107 16,193 -0.3 -0.5 -0.1 16,123 16,280 16,305 16,965 -5.0
Nondefense search and navigation
equipment……………….……...……….. 32,338 32,193 32,079 0.5 0.4 0.1 32,334 32,200 32,069 31,083 4.0
Defense search and navigation
equipment…………..…………....…..…. 36,139 36,107 36,016 0.1 0.3 0.6 36,331 36,582 36,463 36,068 0.7
Electromedical, measuring,
and control instruments……..…...…….. 32,071 32,063 32,059 0.0 0.0 -0.3 32,208 32,259 32,388 32,271 -0.2
Electrical equipment, appliances,
and components………….….………………. 43,693 43,721 43,775 -0.1 -0.1 -0.2 44,213 44,203 44,105 43,998 0.5
Electric lighting equipment…..…..……….. 3,800 3,820 3,854 -0.5 -0.9 2.1 3,742 3,847 3,898 3,792 -1.3
Household appliances…………..…………. 5,968 5,877 5,756 1.5 2.1 -0.3 5,975 5,892 5,809 4,665 28.1
Electrical equipment………….……………. 21,716 21,768 21,849 -0.2 -0.4 -0.4 22,040 22,075 21,990 22,884 -3.7
Transportation equipment……………………. 909,006 905,653 903,530 0.4 0.2 0.6 899,939 902,533 906,742 801,767 12.2
Motor vehicle bodies, parts,
and trailers………….…….....………….. 34,789 34,717 34,773 0.2 -0.2 0.5 34,933 35,511 35,948 35,246 -0.9
Nondefense aircraft and parts…..……….. 664,486 660,927 657,856 0.5 0.5 1.1 655,657 655,912 657,873 545,918 20.1
Defense aircraft and parts……...….…….. 70,211 69,939 70,738 0.4 -1.1 -1.2 69,872 70,408 71,525 71,194 -1.9
Ships and boats……..………….…………. 51,947 52,237 52,576 -0.6 -0.6 -1.6 52,461 53,219 54,215 57,757 -9.2
Furniture and related products…….….…….. 10,703 10,686 10,698 0.2 -0.1 0.3 11,248 11,086 10,892 11,616 -3.2
p
Preliminary
r
Revised data due to late receipts and concurrent seasonal adjustment.
1
Estimates of shipments and new orders are for the duration of the period, while estimates of unfilled orders and total inventories are for the end of the period. Not seasonally adjusted estimates of shipments and new orders
include adjusted data for non-calendar reporters. Seasonally adjusted estimates include concurrent adjustments for holiday and trading-day differences, where appropriate, as well as seasonal variation, based on the results of the
latest annual review of the model parameters. Estimates are not adjusted for price changes.
2
Data on unfilled orders are not available for the semiconductor industry. Estimates and percent changes for unfilled orders exclude semiconductor industry data.
Note: Estimates of manufacturers' shipments, inventories and orders are subject to survey error and revision. One major component of survey error is nonsampling error, which includes errors of coverage, response, and
nonreporting. Since the survey panel is not a probability sample, estimates of sampling error cannot be calculated. For further details on survey design, methodology, and data limitations see
<http://www.census.gov/manufacturing/m3/>.
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-FY24-0254).
Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, May Full Report, July 3, 2024. 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 May
May Apr. Mar. Apr. - Mar. - Feb. - May Apr. Mar. May 2024/
2024p 2024r 2024 May Apr. Mar. 2024p 2024r 2024 2023 2023
All manufacturing industries......……………. 860,133 858,304 857,397 0.2 0.1 0.0 866,043 863,860 859,005 859,332 0.8
Excluding transportation……….………….. 687,819 687,110 687,101 0.1 0.0 0.0 692,886 692,246 689,202 694,458 -0.2
Excluding defense…………...…..……… 829,290 827,478 826,800 0.2 0.1 0.0 834,988 832,929 828,391 829,777 0.6
With unfilled orders…………...…..……… 430,019 428,438 427,560 0.4 0.2 0.1 433,539 430,826 427,850 426,126 1.7
Durable goods industries………….…..…… 529,930 528,539 527,903 0.3 0.1 0.0 534,164 531,341 528,336 527,050 1.3
Wood products…………..……...….…………. 16,051 15,930 15,827 0.8 0.7 0.3 15,875 16,013 16,229 15,845 0.2
Nonmetallic mineral products…….………….. 17,549 17,477 17,454 0.4 0.1 -0.1 17,878 17,765 17,759 17,473 2.3
Primary metals…………………….……………. 45,504 45,601 45,663 -0.2 -0.1 0.0 46,185 46,016 45,719 47,421 -2.6
Iron and steel mills…………..……….……. 26,579 26,718 26,795 -0.5 -0.3 0.1 26,787 26,821 26,794 27,561 -2.8
Aluminum and nonferrous metals………… 15,747 15,697 15,652 0.3 0.3 -0.2 16,156 15,933 15,646 16,645 -2.9
Ferrous metal foundries………..…..…….. 3,178 3,186 3,216 -0.3 -0.9 0.4 3,242 3,262 3,279 3,215 0.8
Fabricated metal products…….……………… 64,631 64,598 64,584 0.1 0.0 -0.1 65,361 65,146 64,811 65,547 -0.3
Machinery………………………………………. 94,577 94,664 94,786 -0.1 -0.1 -0.3 95,381 95,162 95,664 95,359 0.0
Farm machinery…..………….……………. 5,238 5,373 5,457 -2.5 -1.5 -0.5 5,244 5,403 5,724 5,710 -8.2
Construction machinery…..………….……. 10,086 9,957 9,847 1.3 1.1 -1.0 10,105 10,127 10,071 9,491 6.5
Mining, oil field,
and gas field machinery………...…….. 5,318 5,396 5,485 -1.4 -1.6 -0.4 5,353 5,371 5,430 5,937 -9.8
Industrial machinery……….………………. 10,874 10,967 11,006 -0.8 -0.4 -0.9 10,952 10,574 11,267 11,339 -3.4
Photographic equipment….………………. 1,404 1,396 1,396 0.6 0.0 -1.1 1,420 1,414 1,351 1,483 -4.2
Ventilation, heating, air-conditioning,
and refrigeration equipment…………… 9,305 9,373 9,473 -0.7 -1.1 -1.0 9,694 9,833 9,871 9,959 -2.7
Metalworking machinery......……..………. 7,606 7,592 7,572 0.2 0.3 0.4 7,639 7,603 7,509 7,407 3.1
Turbines, generators, and other
power transmission equipment….…….. 12,508 12,485 12,434 0.2 0.4 0.6 12,699 12,625 12,391 12,001 5.8
Material handling equipment……………… 8,257 8,133 8,108 1.5 0.3 0.4 8,281 8,180 8,077 8,198 1.0
Computers and electronic products2………… 55,173 55,067 55,293 0.2 -0.4 -0.1 55,548 55,263 54,534 55,559 0.0
Computers…………...…………………….. 1,835 1,881 1,886 -2.4 -0.3 0.0 1,877 1,858 1,804 1,995 -5.9
Computer storage devices……….………. 617 619 626 -0.3 -1.1 3.6 624 602 578 626 -0.3
Other peripheral equipment……….……… 961 966 1,000 -0.5 -3.4 -0.6 985 967 953 1,091 -9.7
Nondefense communications
equipment……………………….………. 4,331 4,330 4,352 0.0 -0.5 0.3 4,400 4,384 4,275 4,464 -1.4
Defense communications equipment…….. 652 660 643 -1.2 2.6 -0.3 652 660 643 634 2.8
Audio and video equipment……...……….. 560 565 587 -0.9 -3.7 -0.3 586 596 596 853 -31.3
Electronic components…………..………… 10,383 10,256 10,316 1.2 -0.6 -0.8 10,298 10,477 10,309 10,625 -3.1
Nondefense search and navigation
equipment……………….……...………. 4,263 4,264 4,282 0.0 -0.4 -0.5 4,245 4,250 4,219 4,182 1.5
Defense search and navigation
equipment…………..…………....…..…. 3,493 3,482 3,475 0.3 0.2 0.0 3,571 3,536 3,483 3,408 4.8
Electromedical, measuring
and control instruments……..…......….. 19,348 19,315 19,370 0.2 -0.3 0.3 19,659 19,410 19,165 19,412 1.3
Electrical equipment, appliances,
and components………….….………………. 26,164 26,050 25,948 0.4 0.4 -0.4 26,614 26,351 26,060 26,676 -0.2
Electric lighting equipment…..…..……….. 2,413 2,405 2,423 0.3 -0.7 -0.1 2,416 2,385 2,388 2,533 -4.6
Household appliances…………..…………. 3,589 3,591 3,570 -0.1 0.6 -1.2 3,666 3,645 3,586 3,677 -0.3
Electrical equipment………….……………. 9,837 9,787 9,762 0.5 0.3 -0.6 10,017 9,903 9,672 9,960 0.6
Batteries………………...…….……....…… 1,934 1,939 1,935 -0.3 0.2 0.1 2,033 2,015 2,032 1,996 1.9
Transportation equipment………….………… 172,314 171,194 170,296 0.7 0.5 0.1 173,157 171,614 169,803 164,874 5.0
Automobiles……………………...………… 5,475 5,394 5,381 1.5 0.2 1.2 5,472 5,275 5,144 5,759 -5.0
Light trucks and utility vehicles………….. 9,423 9,798 10,011 -3.8 -2.1 -8.6 9,817 10,004 9,867 9,992 -1.8
Heavy duty trucks ………...………………. 3,019 2,959 2,838 2.0 4.3 1.7 3,119 2,992 2,833 2,971 5.0
Motor vehicle bodies, parts,
and trailers………….…….....……….…. 35,700 35,693 35,813 0.0 -0.3 -0.2 35,626 35,906 35,884 35,325 0.9
Nondefense aircraft and parts…..……….. 84,236 83,039 82,173 1.4 1.1 1.0 84,486 83,049 81,988 77,805 8.6
Defense aircraft and parts……...…...…… 14,146 14,119 14,063 0.2 0.4 0.3 14,215 14,166 14,024 14,214 0.0
Ships and boats……..………….…….…… 4,944 4,905 4,802 0.8 2.1 -0.6 5,023 4,919 4,844 4,635 8.4
Furniture and related products…….….……… 10,030 10,037 10,051 -0.1 -0.1 0.3 10,190 10,074 9,977 10,519 -3.1
Miscellaneous durable goods……..…………. 27,937 27,921 28,001 0.1 -0.3 0.2 27,975 27,937 27,780 27,777 0.7
Nondurable goods industries…….…………… 330,203 329,765 329,494 0.1 0.1 0.1 331,879 332,519 330,669 332,282 -0.1
Food products……….…………..……….…… 69,956 70,097 69,974 -0.2 0.2 0.2 68,016 69,121 69,526 69,728 -2.5
Grain and oilseed milling…….....….……… 6,934 6,988 7,087 -0.8 -1.4 -1.1 6,586 6,950 7,244 7,379 -10.7
Dairy products……………...……...……… 10,626 10,657 10,680 -0.3 -0.2 0.4 10,992 10,924 10,841 11,255 -2.3
Meat, poultry, and seafood products……. 12,417 12,434 12,460 -0.1 -0.2 0.8 12,206 12,298 12,394 13,044 -6.4
Beverage and tobacco products……………. 30,896 30,907 30,959 0.0 -0.2 0.6 31,113 31,330 31,158 31,038 0.2
Beverages………………..….…..………… 27,527 27,530 27,421 0.0 0.4 0.8 27,811 27,943 27,541 27,401 1.5
Tobacco……...……..…….……………….. 3,369 3,377 3,538 -0.2 -4.6 -0.8 3,302 3,387 3,617 3,637 -9.2
Textile mills………………….…………………. 3,519 3,536 3,541 -0.5 -0.1 0.4 3,538 3,533 3,519 3,627 -2.5
Textile products………..……………………… 3,650 3,643 3,638 0.2 0.1 0.4 3,632 3,625 3,648 3,693 -1.7
Apparel……………………..……..…………… 2,172 2,179 2,201 -0.3 -1.0 -0.7 2,153 2,120 2,148 2,197 -2.0
Leather and allied products………………….. 1,254 1,241 1,238 1.0 0.2 -0.2 1,265 1,225 1,227 1,293 -2.2
Paper products…………………….……..…… 17,932 17,945 17,958 -0.1 -0.1 0.2 18,025 17,998 17,985 18,374 -1.9
Pulp, paper, and paperboard mills....……. 5,611 5,601 5,614 0.2 -0.2 -0.1 5,661 5,644 5,681 5,752 -1.6
Paperboard containers……..…………….. 6,808 6,824 6,806 -0.2 0.3 0.4 6,823 6,788 6,778 6,955 -1.9
Printing…………………...………….…….…… 6,744 6,670 6,619 1.1 0.8 1.3 6,707 6,663 6,602 6,862 -2.3
Petroleum and coal products………………… 47,965 47,603 47,590 0.8 0.0 -0.2 50,063 49,621 47,661 46,741 7.1
Petroleum refineries………...……..……… 41,329 40,991 41,057 0.8 -0.2 -0.3 43,247 42,876 40,990 39,679 9.0
Chemical products……..……………..………… 112,976 112,875 112,674 0.1 0.2 0.0 113,994 113,915 113,777 114,205 -0.2
Pesticides, fertilizers, and other
agricultural chemicals….…...……….…. 5,990 5,944 5,986 0.8 -0.7 -0.4 5,969 6,032 6,295 6,060 -1.5
Pharmaceuticals and medicines………….. 49,272 49,224 49,119 0.1 0.2 0.2 49,766 49,753 49,913 47,912 3.9
Paints, coatings, and adhesives…....……. 5,421 5,376 5,390 0.8 -0.3 -0.8 5,500 5,518 5,525 5,941 -7.4
Plastics and rubber products…...…………… 33,139 33,069 33,102 0.2 -0.1 0.2 33,373 33,368 33,418 34,524 -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-FY24-0254).
Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, May Full Report, July 3, 2024. 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
May Apr. Mar. Apr. - Mar. - Feb. - May Apr. Mar. May 2024/
p r
2024 2024 2024 May Apr. Mar. 2024p 2024r 2024 2023 2024p 2023 2023
SHIPMENTS
All manufacturing industries…………..……….. 584,805 589,029 584,267 -0.7 0.8 0.4 601,398 589,418 606,486 588,352 2,892,362 2,835,184 2.0
Construction materials and supplies……. 62,465 62,723 62,767 -0.4 -0.1 -0.1 67,327 64,450 62,460 66,940 308,933 302,794 2.0
Information technology………….………… 24,928 25,049 24,945 -0.5 0.4 0.0 23,868 23,377 26,986 23,666 118,741 115,883 2.5
Computers and related products……….. 2,295 2,288 2,200 0.3 4.0 -3.2 2,132 2,050 2,336 1,850 10,364 9,056 14.4
Motor vehicle and parts……………………. 64,751 64,511 63,369 0.4 1.8 2.4 67,398 64,403 68,815 63,869 318,555 307,383 3.6
Capital goods……….……………...…..….. 95,066 96,247 94,237 -1.2 2.1 -1.4 94,234 92,158 102,672 95,243 463,330 456,672 1.5
Nondefense capital goods3……………… 80,527 81,796 80,158 -1.6 2.0 -1.6 79,903 78,527 87,192 82,382 393,981 393,128 0.2
Excluding aircraft…….…………………. 73,947 74,371 74,130 -0.6 0.3 -0.3 73,882 72,693 79,827 74,023 366,274 360,592 1.6
Defense capital goods4……….…….……. 14,539 14,451 14,079 0.6 2.6 -0.4 14,331 13,631 15,480 12,861 69,349 63,544 9.1
Consumer goods………………..………….. 251,748 254,535 252,421 -1.1 0.8 1.4 258,332 254,846 258,373 247,637 1,235,534 1,205,449 2.5
Consumer durable goods……...………… 48,148 47,732 46,703 0.9 2.2 3.7 49,499 46,455 50,856 46,429 229,273 221,973 3.3
Consumer nondurable goods……………. 203,600 206,803 205,718 -1.5 0.5 0.9 208,833 208,391 207,517 201,208 1,006,261 983,476 2.3
NEW ORDERS
All manufacturing industries5…………..…….. 583,134 586,114 583,953 -0.5 0.4 0.7 594,494 582,517 613,440 588,969 2,876,232 2,846,146 1.1
Construction materials and supplies……. 62,244 62,438 62,447 -0.3 0.0 -0.5 67,951 65,126 63,742 67,709 312,980 307,710 1.7
Information technology………….………… 25,006 25,076 24,858 -0.3 0.9 0.3 23,626 23,176 27,953 22,900 119,603 117,481 1.8
Computers and related products……….. 2,294 2,265 2,198 1.3 3.0 -4.8 2,131 2,027 2,334 1,815 10,380 9,047 14.7
Motor vehicle and parts……………………. 64,823 64,455 63,531 0.6 1.5 2.8 66,820 63,966 68,749 63,079 318,364 307,688 3.5
Capital goods……….……………...…..….. 97,297 97,857 98,654 -0.6 -0.8 0.2 91,035 89,462 112,075 101,219 463,224 484,766 -4.4
Nondefense capital goods3……………… 83,562 84,376 86,859 -1.0 -2.9 1.2 78,805 77,159 95,557 88,281 400,413 412,652 -3.0
Excluding aircraft…….…………………. 73,471 73,940 73,774 -0.6 0.2 -0.2 73,035 73,078 79,895 73,243 368,106 364,974 0.9
Defense capital goods4……….…….……. 13,735 13,481 11,795 1.9 14.3 -7.1 12,230 12,303 16,518 12,938 62,811 72,114 -12.9
Consumer goods………………..………….. 251,823 254,629 252,395 -1.1 0.9 1.3 258,312 254,877 258,473 247,503 1,236,081 1,205,630 2.5
Consumer durable goods……...………… 48,223 47,826 46,677 0.8 2.5 3.2 49,479 46,486 50,956 46,295 229,820 222,154 3.5
Consumer nondurable goods………….. 203,600 206,803 205,718 -1.5 0.5 0.9 208,833 208,391 207,517 201,208 1,006,261 983,476 2.3
UNFILLED ORDERS
5
All manufacturing industries …………..…….. 1,402,769 1,399,682 1,397,856 0.2 0.1 0.3 1,399,676 1,402,487 1,405,322 1,305,694 (X) (X) 7.2
Construction materials and supplies……. 98,694 98,915 99,200 -0.2 -0.3 -0.3 101,093 100,469 99,793 102,663 (X) (X) -1.5
Information technology………….………… 134,823 134,745 134,718 0.1 0.0 -0.1 135,463 135,705 135,906 134,708 (X) (X) 0.6
Computers and related products……….. 1,288 1,289 1,312 -0.1 -1.8 -0.2 1,288 1,289 1,312 1,274 (X) (X) 1.1
Motor vehicle and parts……………………. 34,789 34,717 34,773 0.2 -0.2 0.5 34,933 35,511 35,948 35,246 (X) (X) -0.9
Capital goods……….……………...…..….. 1,059,569 1,057,338 1,055,728 0.2 0.2 0.4 1,053,040 1,056,239 1,058,935 961,980 (X) (X) 9.5
Nondefense capital goods3……………… 857,729 854,694 852,114 0.4 0.3 0.8 850,948 852,046 853,414 748,168 (X) (X) 13.7
Excluding aircraft…….…………………. 266,349 266,825 267,256 -0.2 -0.2 -0.1 268,489 269,336 268,951 275,062 (X) (X) -2.4
Defense capital goods4……….…….……. 201,840 202,644 203,614 -0.4 -0.5 -1.1 202,092 204,193 205,521 213,812 (X) (X) -5.5
Consumer goods………………..………….. 13,108 13,033 12,939 0.6 0.7 -0.2 13,154 13,174 13,143 12,059 (X) (X) 9.1
Consumer durable goods……...………… 13,108 13,033 12,939 0.6 0.7 -0.2 13,154 13,174 13,143 12,059 (X) (X) 9.1
TOTAL INVENTORIES
All manufacturing industries…………..……… 860,133 858,304 857,397 0.2 0.1 0.0 866,043 863,860 859,005 859,332 (X) (X) 0.8
Construction materials and supplies……. 92,931 92,724 92,796 0.2 -0.1 -0.2 94,140 94,136 94,234 94,182 (X) (X) 0.0
Information technology………….………… 46,015 45,965 46,035 0.1 -0.2 0.1 46,663 46,238 45,608 46,826 (X) (X) -0.3
Computers and related products……….. 3,413 3,466 3,512 -1.5 -1.3 0.5 3,486 3,427 3,335 3,712 (X) (X) -6.1
Motor vehicle and parts……………………. 53,617 53,844 54,043 -0.4 -0.4 -1.7 54,034 54,177 53,728 54,047 (X) (X) 0.0
Capital goods……….……………...…..….. 258,373 257,023 255,943 0.5 0.4 0.3 260,402 257,489 255,614 251,649 (X) (X) 3.5
Nondefense capital goods3……………… 232,896 231,562 230,701 0.6 0.4 0.3 234,782 231,970 230,316 227,346 (X) (X) 3.3
Excluding aircraft…….…………………. 163,041 162,870 162,789 0.1 0.0 0.0 164,651 163,439 162,625 163,562 (X) (X) 0.7
Defense capital goods4……….…….……. 25,477 25,461 25,242 0.1 0.9 0.3 25,620 25,519 25,298 24,303 (X) (X) 5.4
Consumer goods………………..………….. 253,787 253,849 254,018 0.0 -0.1 -0.2 254,929 255,723 253,948 253,478 (X) (X) 0.6
Consumer durable goods……...………… 40,985 41,296 41,578 -0.8 -0.7 -2.2 41,428 41,382 41,062 42,989 (X) (X) -3.6
Consumer nondurable goods……………. 212,802 212,553 212,440 0.1 0.1 0.2 213,501 214,341 212,886 210,489 (X) (X) 1.4
X
Not Applicable
p
Preliminary
r
Revised data due to late receipts and concurrent seasonal adjustment.
1
Estimates of shipments and new orders are for the duration of the period, while estimates of unfilled orders and total inventories are for the end of the period. Not seasonally adjusted estimates of shipments and new orders include adjusted data for non-
calendar reporters. Seasonally adjusted estimates include concurrent adjustments for holiday and trading-day differences, where appropriate, as well as seasonal variation, based on the results of the latest annual review of the model parameters. Estimates
are not adjusted for price changes.
2
Topical series are regroupings of the separate industry categories.
3
Nondefense capital goods industries include: small arms and ordnance; farm machinery and equipment; construction machinery; mining, oil, and gas field machinery; industrial machinery; vending, laundry, and other machinery; photographic equipment;
metalworking machinery; turbines and generators; other power transmission equipment; pumps and compressors; material handling equipment; all other machinery; electronic computers; computer storage devices; other computer peripheral equipment;
communications equipment; search and navigation equipment; electromedical, measuring, and control instruments; electrical equipment; other electrical equipment, appliances, and components; heavy duty trucks; aircraft; railroad rolling stock; ships and
boats; office and institutional furniture; and medical equipment and supplies.
4
Defense capital goods industries include: small arms and ordnance; communications equipment; aircraft; missiles, space vehicles, and parts; ships and boats; and search and navigation equipment.
5
Estimates and percent changes exclude semiconductor industry data.
6
Based on year-to-date for shipments and new orders, but on same month prior year for unfilled orders and inventories.
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-FY24-0254).
Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, May Full Report, July 3, 2024. 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 May
May Apr. Mar. Apr. - Mar. - Feb. - May Apr. Mar. May 2024/
p r p r
2024 2024 2024 May Apr. Mar. 2024 2024 2024 2023 2023
Durable goods industries.....................….. 196,653 196,268 196,482 0.2 -0.1 -0.2 196,812 196,475 195,899 197,421 -0.3
Wood products…………..………………… 7,648 7,623 7,570 0.3 0.7 0.3 7,409 7,447 7,587 7,427 -0.2
Nonmetallic mineral products…………….. 7,899 7,845 7,850 0.7 -0.1 -0.2 7,955 7,893 7,895 7,818 1.8
Primary metals……………….…..………… 19,392 19,221 19,289 0.9 -0.4 0.6 19,573 19,259 19,193 18,975 3.2
Fabricated metal products…………………….. 24,820 24,737 24,688 0.3 0.2 0.7 24,842 24,665 24,611 24,485 1.5
Machinery…………………………………… 40,045 40,060 40,176 0.0 -0.3 -0.4 40,259 40,397 40,267 40,761 -1.2
Computers and electronic products…….. 26,951 27,079 27,212 -0.5 -0.5 -0.4 26,987 27,051 26,749 26,757 0.9
Electrical equipment, appliances,
and components…………………………. 12,567 12,530 12,525 0.3 0.0 -0.7 12,700 12,623 12,516 12,831 -1.0
Transportation equipment………………… 42,432 42,284 42,218 0.4 0.2 -0.2 42,090 42,185 42,147 43,202 -2.6
Furniture and related products…………… 5,212 5,185 5,176 0.5 0.2 -0.7 5,339 5,270 5,250 5,415 -1.4
Miscellaneous products………...…………. 9,687 9,704 9,778 -0.2 -0.8 -1.1 9,658 9,685 9,684 9,750 -0.9
Nondurable goods industries..............…….. 116,510 116,076 115,630 0.4 0.4 0.3 116,875 116,746 115,476 117,819 -0.8
Food products...…...........………..…….. 25,932 25,941 25,813 0.0 0.5 0.9 25,395 25,489 25,664 25,705 -1.2
Beverage and tobacco products.....................… 6,120 6,107 6,115 0.2 -0.1 0.2 6,104 6,170 6,193 6,373 -4.2
Textiles.............….....…...…….......…… 1,490 1,500 1,484 -0.7 1.1 0.0 1,499 1,503 1,475 1,467 2.2
Textile products……..………..……………. 1,669 1,672 1,677 -0.2 -0.3 -0.2 1,669 1,664 1,682 1,719 -2.9
Apparel……………….…………………….. 614 606 610 1.3 -0.7 9.9 612 600 604 568 7.7
Leather and allied products…….…………. 373 374 380 -0.3 -1.6 -1.3 377 372 378 393 -4.1
Paper products..…………..….….....…….. 9,347 9,338 9,324 0.1 0.2 0.2 9,341 9,300 9,294 9,625 -3.0
Printing ………….………………...……….. 3,509 3,457 3,437 1.5 0.6 0.7 3,465 3,432 3,414 3,499 -1.0
Petroleum and coal products…………….. 14,315 14,162 14,181 1.1 -0.1 0.5 14,897 14,848 13,971 13,377 11.4
Chemical products…………………..……… 38,782 38,682 38,356 0.3 0.8 -0.2 39,096 39,089 38,531 39,802 -1.8
Plastics and rubber products……..….…… 14,359 14,237 14,253 0.9 -0.1 0.3 14,420 14,279 14,270 15,291 -5.7
WORK IN PROCESS
All manufacturing industries..........……..….. 251,328 249,246 248,044 0.8 0.5 0.3 253,400 250,854 248,774 241,420 5.0
Durable goods industries.....................….. 186,884 185,380 184,203 0.8 0.6 0.5 188,643 185,917 184,592 179,018 5.4
Wood products…………..………………… 1,849 1,817 1,793 1.8 1.3 0.3 1,829 1,818 1,844 1,800 1.6
Nonmetallic mineral products…………….. 1,832 1,801 1,765 1.7 2.0 -1.1 1,880 1,868 1,820 1,740 8.0
Primary metals……………….…..………… 11,714 11,735 11,735 -0.2 0.0 0.1 11,962 11,927 11,655 12,953 -7.7
Fabricated metal products…………………….. 17,299 17,311 17,307 -0.1 0.0 -0.3 17,536 17,505 17,361 17,198 2.0
Machinery…………………………………… 24,332 24,371 24,415 -0.2 -0.2 -0.9 24,838 24,197 24,720 24,975 -0.5
Computers and electronic products…….. 14,070 13,848 13,948 1.6 -0.7 0.2 14,282 14,060 13,994 13,766 3.7
Electrical equipment, appliances,
and components…………………………. 4,857 4,813 4,740 0.9 1.5 0.7 4,989 4,883 4,759 4,714 5.8
Transportation equipment………………… 104,486 103,233 101,996 1.2 1.2 1.0 104,819 103,180 102,030 95,610 9.6
Furniture and related products…………… 1,406 1,425 1,422 -1.3 0.2 3.0 1,430 1,420 1,381 1,468 -2.6
Miscellaneous products………...…………. 5,039 5,026 5,082 0.3 -1.1 3.2 5,078 5,059 5,028 4,794 5.9
Nondurable goods industries..............…….. 64,444 63,866 63,841 0.9 0.0 -0.4 64,757 64,937 64,182 62,402 3.8
Food products...…...........………..…….. 5,792 5,931 6,094 -2.3 -2.7 -0.5 5,358 5,700 6,066 7,139 -24.9
Beverage and tobacco products.....................… 11,723 11,645 11,593 0.7 0.4 1.5 11,669 11,679 11,585 10,957 6.5
Textiles.............….....…...…….......…… 563 557 558 1.1 -0.2 0.5 567 558 555 579 -2.1
Textile products……..………..……………. 480 468 463 2.6 1.1 0.0 471 464 463 459 2.6
Apparel……………….…………………….. 323 323 324 0.0 -0.3 -1.5 320 316 318 286 11.9
Leather and allied products…….…………. 128 131 132 -2.3 -0.8 -1.5 128 130 135 135 -5.2
Paper products..…………..….….....…….. 1,857 1,856 1,860 0.1 -0.2 0.9 1,878 1,875 1,875 1,625 15.6
Printing ………….………………...……….. 1,199 1,169 1,136 2.6 2.9 0.8 1,173 1,148 1,128 1,142 2.7
Petroleum and coal products…………….. 17,875 17,786 17,564 0.5 1.3 -2.3 18,538 18,923 17,849 16,557 12.0
Chemical products…………………..……… 20,548 20,080 20,183 2.3 -0.5 0.0 20,681 20,215 20,246 19,593 5.6
Plastics and rubber products……..….…… 3,956 3,920 3,934 0.9 -0.4 0.4 3,974 3,929 3,962 3,930 1.1
FINISHED GOODS
All manufacturing industries..........……..….. 295,642 296,714 297,241 -0.4 -0.2 -0.2 298,956 299,785 298,856 302,672 -1.2
Durable goods industries.....................….. 146,393 146,891 147,218 -0.3 -0.2 -0.6 148,709 148,949 147,845 150,611 -1.3
Wood products…………..………………… 6,554 6,490 6,464 1.0 0.4 0.4 6,637 6,748 6,798 6,618 0.3
Nonmetallic mineral products…………….. 7,818 7,831 7,839 -0.2 -0.1 0.1 8,043 8,004 8,044 7,915 1.6
Primary metals……………….…..………… 14,398 14,645 14,639 -1.7 0.0 -0.9 14,650 14,830 14,871 15,493 -5.4
Fabricated metal products…………………….. 22,512 22,550 22,589 -0.2 -0.2 -0.7 22,983 22,976 22,839 23,864 -3.7
Machinery…………………………………… 30,200 30,233 30,195 -0.1 0.1 0.3 30,284 30,568 30,677 29,623 2.2
Computers and electronic products…….. 14,152 14,140 14,133 0.1 0.0 0.3 14,279 14,152 13,791 15,036 -5.0
Electrical equipment, appliances,
and components…………………………. 8,740 8,707 8,683 0.4 0.3 -0.5 8,925 8,845 8,785 9,131 -2.3
Transportation equipment………………… 25,396 25,677 26,082 -1.1 -1.6 -2.9 26,248 26,249 25,626 26,062 0.7
Furniture and related products…………… 3,412 3,427 3,453 -0.4 -0.8 0.7 3,421 3,384 3,346 3,636 -5.9
Miscellaneous products………...…………. 13,211 13,191 13,141 0.2 0.4 0.1 13,239 13,193 13,068 13,233 0.0
Nondurable goods industries..............…….. 149,249 149,823 150,023 -0.4 -0.1 0.1 150,247 150,836 151,011 152,061 -1.2
Food products...…...........………..…….. 38,232 38,225 38,067 0.0 0.4 -0.1 37,263 37,932 37,796 36,884 1.0
Beverage and tobacco products.....................… 13,053 13,155 13,251 -0.8 -0.7 0.0 13,340 13,481 13,380 13,708 -2.7
Textiles.............….....…...…….......…… 1,466 1,479 1,499 -0.9 -1.3 0.7 1,472 1,472 1,489 1,581 -6.9
Textile products……..………..……………. 1,501 1,503 1,498 -0.1 0.3 1.1 1,492 1,497 1,503 1,515 -1.5
Apparel……………….…………………….. 1,235 1,250 1,267 -1.2 -1.3 -5.0 1,221 1,204 1,226 1,343 -9.1
Leather and allied products…….…………. 753 736 726 2.3 1.4 0.6 760 723 714 765 -0.7
Paper products..…………..….….....…….. 6,728 6,751 6,774 -0.3 -0.3 0.1 6,806 6,823 6,816 7,124 -4.5
Printing ………….………………...……….. 2,036 2,044 2,046 -0.4 -0.1 2.6 2,069 2,083 2,060 2,221 -6.8
Petroleum and coal products…………….. 15,775 15,655 15,845 0.8 -1.2 1.4 16,628 15,850 15,841 16,807 -1.1
Chemical products…………………..……… 53,646 54,113 54,135 -0.9 0.0 0.0 54,217 54,611 55,000 54,810 -1.1
Plastics and rubber products……..….…… 14,824 14,912 14,915 -0.6 0.0 -0.1 14,979 15,160 15,186 15,303 -2.1
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-FY24-
0254).
Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, May Full Report, July 3, 2024. 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
All manufacturing industries3.…………………………….. 1.47 1.46 1.47 1.47 (X) (X) (X) (X)
Durable goods industries3.....…........…………………… 1.86 1.85 1.87 1.87 7.18 7.11 7.20 7.13
Wood products………………..………………………………… 1.21 1.19 1.18 1.18 (X) (X) (X) (X)
Nonmetallic mineral products……………………….. 1.32 1.31 1.31 1.32 (X) (X) (X) (X)
Primary metals……………….………………………………….. 1.71 1.71 1.72 1.72 1.46 1.46 1.46 1.45
Fabricated metal products……………………………….. 1.78 1.78 1.78 1.78 3.65 3.65 3.65 3.64
Machinery……………….…..……….…………………………….. 2.49 2.49 2.50 2.52 3.90 3.91 3.96 3.97
Computers and electronic products3………………. 1.86 1.86 1.87 1.86 5.89 5.88 5.91 5.92
Electrical equipment, appliances,
and components………………....………………………… 1.85 1.83 1.84 1.83 3.43 3.39 3.42 3.40
Transportation equipment………………………………. 1.87 1.85 1.89 1.90 16.16 15.80 16.28 15.88
Furniture and related products………………………. 1.46 1.47 1.47 1.46 1.77 1.78 1.79 1.79
Miscellaneous products…………………………………… 1.90 1.91 1.92 1.92 (X) (X) (X) (X)
Nondurable goods industries…………………………….. 1.10 1.09 1.09 1.10 (X) (X) (X) (X)
Food products……………………………………………………. 0.87 0.88 0.88 0.88 (X) (X) (X) (X)
Beverage and tobacco products……………………… 1.60 1.62 1.64 1.66 (X) (X) (X) (X)
Textiles……………….…….……….……………………………….. 1.69 1.70 1.71 1.72 (X) (X) (X) (X)
Textile products……………….….……………………………. 1.88 1.85 1.84 1.81 (X) (X) (X) (X)
Apparel………….…………..…..….……………………………… 2.69 2.68 2.69 2.67 (X) (X) (X) (X)
Leather and allied products………………………….. 2.38 2.36 2.27 2.16 (X) (X) (X) (X)
Paper products…………………..…………………………….. 1.04 1.04 1.04 1.04 (X) (X) (X) (X)
Printing………………...….……………………………………….. 0.92 0.91 0.91 0.91 (X) (X) (X) (X)
Petroleum and coal products…………………………. 0.74 0.69 0.69 0.70 (X) (X) (X) (X)
Chemical products………………..…………………………. 1.41 1.41 1.42 1.43 (X) (X) (X) (X)
Plastics and rubber products………………………….. 1.32 1.32 1.33 1.33 (X) (X) (X) (X)
X Not Applicable
p
Preliminary
r
Revised data due to late receipts and concurrent seasonal adjustment.
2
Excludes the following industries with no unfilled orders: Wood products; nonmetallic mineral products; medical equipment and supplies; office
supplies; other miscellaneous manufacturing; cutlery and handtools; farm and garden machinery; computer storage and peripheral devices; audio and
video equipment; manufacturing and reproducing magnetic and optical media; batteries; automobiles; light trucks and utility vehicles; heavy duty trucks;
and miscellaneous furniture.
3
Unfilled orders to shipments ratio excludes semiconductor manufacturing.
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-FY24-0254).
Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, May Full Report, July 3, 2024. 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>.
All manufacturing industries.…..…..……. (X) 0.2 (X) 0.2 (X) 0.1 (X) 0.1
Durable goods industries.....…........……. -0.1 0.1 0.0 0.4 0.0 0.1 0.0 0.1
Wood products………………..…………………… (X) 0.3 (X) (NA) (X) (NA) (X) 0.3
Nonmetallic mineral products………….. (X) 0.5 (X) (NA) (X) (NA) (X) 0.2
Primary metals……………….…………………….. 0.0 0.3 0.0 0.4 0.0 0.1 0.0 0.2
Fabricated metal products……………….. -0.1 0.1 0.0 0.2 0.0 0.1 0.0 0.1
Machinery……………….…..……….……………….. -0.1 0.2 0.0 0.4 0.0 0.1 0.0 0.2
Computers and electronic products….. -0.1 0.1 0.0 0.3 0.0 0.0 -0.1 0.1
Electrical equipment, appliances,
and components………………....…………… 0.0 0.4 0.1 1.0 0.0 0.3 0.0 0.2
Transportation equipment……………….. -0.1 0.3 -0.1 1.1 0.0 0.1 0.0 0.1
Furniture and related products…………. (X) 0.3 (X) 0.8 (X) 0.3 (X) 0.3
Miscellaneous products…………………….. (X) 0.2 (X) 0.2 (X) 0.1 (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) 0.4 (X) (NA) (X) (NA) (X) 0.1
Textile products……………….….……………… (X) 0.2 (X) (NA) (X) (NA) (X) 0.2
Apparel………….…………..…..….………………… (X) 0.5 (X) (NA) (X) (NA) (X) 0.4
Leather and allied products……………… (X) 0.7 (X) (NA) (X) (NA) (X) 0.4
Paper products…………………..………………… (X) 0.1 (X) (NA) (X) (NA) (X) 0.2
Printing………………...….…………………………… (X) 0.4 (X) (NA) (X) (NA) (X) 0.5
Petroleum and coal products…………… (X) 0.8 (X) (NA) (X) (NA) (X) 0.4
Chemical products………………..…………… (X) 0.3 (X) (NA) (X) (NA) (X) 0.1
Plastics and rubber products……………. (X) 0.2 (X) (NA) (X) (NA) (X) 0.2
X Not Applicable
NA Not Available
1
Estimates of shipments and new orders are for the duration of the period, while estimates of unfilled orders and total inventories are for
the end of the period. Not seasonally adjusted estimates of shipments and new orders include adjusted data for non-calendar reporters.
Seasonally adjusted estimates include concurrent adjustments for holiday and trading-day differences, where appropriate, as well as seasonal
variation, based on the results of the latest annual review of the model parameters. Estimates are not adjusted for price changes.
2
The current month revisions are the difference between the advance percent change and the percent change as shown in this publication.
3
The twelve month revisions are the differences between the month-to-month percent changes of the preliminary and final estimates. The
monthly averages are the simple averages of the absolute values of the differences for the months specified. The advance to final percent
change revisions for the durable goods industries are shown in the advance report for the month.
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-FY24-0254).
Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, May Full Report, July 3, 2024. 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>.