More information is available in the M3 Instruction Manual. PDF [1.5mb]
Shipments - Manufacturers’ shipments measure the dollar value of products sold by manufacturing establishments
and are based on net selling values, f.o.b. (free on board) plant, after discounts and allowances are excluded. Freight charges and excise taxes are
excluded. Where the products of an industry are customarily delivered to distributors or consumers by the manufacturing establishment (such as in
certain foods industries – fluid milk, bakery, soft drinks), the value is based on delivered price rather than f.o.b. plant price. Multi-industry companies
report value information for each industry category as if it were a separate economic unit. Thus, products transferred from one plant to another are
valued at their full economic value.
New Orders - A new order is a communication of an intention to buy for immediate or future delivery. Orders data are
not collected from industries that have mostly immediate deliveries. See Part H to determine if the M3 survey request orders data for your industry
category. Only orders supported by binding legal documents (such as signed contracts, letters of intent, or letters of award) should be included.
Reported data should include all new orders received during the month less cancellations.
Order Backlog (Unfilled Orders)
- Generally, unfilled orders at the end of an accounting period
are equal to unfilled orders at the beginning of the period, plus
new orders net of cancellations received during the period, less
net sales. This includes orders that have not yet passed through
the sales account and funded orders (or portions of orders) for
which the value of work done has not been reported as sales.
Total Inventory - Total inventories represent the value of the end-of-month stocks regardless of stage of
fabrication (whether in the form of purchased materials and supplies, work in process, or finished goods). These inventories are valued at cost using
any valuation method other than LIFO. Inventories associated with the non-manufacturing activities of your company are excluded.
Materials-and-Supplies Inventory - All unprocessed raw and semifabricated commodities and supplies for which you have
- Accumulated costs of all commodities undergoing fabrication
within your plants and long-term contracts where the inventory
costs are for undelivered items and the value of work done that
has not been reported in sales.
Finished Good Inventory - The value of all completed products ready for shipment and all inventories and goods bought for resale requiring no further processing or assembly.
No accumulation of finished goods inventories should occur with long-term contracts unless the total sales receipts are not recorded until the time of delivery.
Manufacturers’ Shipments, Inventories, and Orders (M3) Advance and Full Report release announcement:
The U.S. Census Bureau announced revisions to its release calendar for the 2013 economic indicators that have been delayed because of the recent lapse in federal funding.
The M3 Advance Report data for September 2013 will be released as originally scheduled on October 25, 2013. Please note that revised Durable Goods data for August 2013 can be found within this release.
The Manufacturer’s Shipments, Inventories and Orders Full Report will be released as a combined August/September Report on November 4, 2013. This Report will include the most current estimates for July, August and September 2013 for Durable Goods and Non Durable Goods. There will not be a separate report for the August 2013 Full Report that was originally scheduled for October 3, 2013.
Discover the U.S. Census Bureau’s economic statistics through the Economic Indicator Webinar Series. Each of the 13 economic indicators in this webinar series will provide an in-depth description of how the critical economic indicator data are collected and how you can access
and use these statistics. Sessions include construction, housing, international trade, retail trade and more.
To receive the latest updates on the Nation's key economic indicators, download the America's Economy app for Apple and Android smartphones and tablets.
The upcoming release dates:
November Advance Report: December 24, 2013 8:30 a.m.
If you have questions, e-mail
or call (301)763-4832.
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