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TIME SERIES / TREND CHARTS

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Release Date:
January 6, 2021

Revised historical data from the Manufacturers’ Shipments, Inventories, and Orders (M3) Survey were issued on May 15, 2020. These revisions result from: benchmarking the M3 shipments and inventories data to the 2017 Economic Census data on a 2017 NAICS basis; incorporating the unfilled orders to shipments ratios obtained for 2017 and 2016 from the Manufacturers’ Unfilled Orders (M3UFO) Survey by applying these ratios to the respective 2017 Economic Census data and 2016 ASM shipments data; adjusting the new orders data to be consistent with the benchmarked shipments and unfilled orders data; correcting the seasonal adjusted new order data derived from the monthly estimate of shipments plus the change in unfilled orders between the current and prior period for January 2002; 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 spanned the seasonally adjusted data for January 2007 through March 2020 and the data not seasonally adjusted for January 2012 through March 2020. An updated Press Release contains revised monthly tables for January 2020 through March 2020.

For the Manufacturers' Shipments, Inventories, and Orders Survey, all current month estimates are preliminary estimates and will be superseded in following months by revised estimates.

For information on survey methodology and use of the data, including seasonal adjustment and other information pertinent to this economic indicator, go to the Manufacturers' Shipments, Inventories, and Orders website, which provides a link to historical data.

The Y-axis for the line charts may be truncated to prevent flattening of the lines or to present the complete range of data.

Source: Manufacturers' Shipments, Inventories, and Orders (Definitions)
Nondefense Capital Goods Excluding Aircraft: U.S. Total — Seasonally Adjusted New Orders [Millions of Dollars]
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
1992 NA 33,857 35,258 35,992 36,811 36,666 36,629 36,131 37,629 36,668 37,573 38,374
1993 37,041 36,962 36,895 37,729 37,869 38,381 38,915 39,309 39,307 40,550 40,301 43,296
1994 39,801 41,736 41,245 42,992 42,849 44,555 44,016 44,406 44,507 45,959 45,942 46,186
1995 47,317 46,200 46,095 46,776 48,401 47,970 45,962 47,502 49,431 50,283 49,798 51,221
1996 47,931 49,183 49,780 48,102 50,505 51,556 51,047 50,780 49,824 52,556 52,664 50,765
1997 51,958 54,285 54,195 55,044 53,924 55,972 58,969 58,232 60,143 57,582 57,967 58,401
1998 56,811 59,362 57,672 55,909 58,575 59,020 56,670 57,658 60,257 56,319 58,162 60,818
1999 57,160 58,576 59,657 58,929 59,814 59,045 62,074 61,732 63,231 61,451 61,849 65,451
2000 63,975 58,497 63,642 64,414 63,753 68,292 63,581 64,759 66,733 63,580 62,569 62,554
2001 60,808 60,697 58,146 54,841 56,599 55,428 53,436 54,169 50,735 49,736 51,335 51,290
2002 47,643 50,422 47,371 49,964 50,680 48,847 49,531 51,112 48,089 49,106 49,620 48,744
2003 48,896 49,128 51,757 49,199 50,849 49,941 49,408 50,447 51,971 51,088 52,318 53,325
2004 50,190 51,210 54,995 52,065 52,405 53,213 53,699 51,950 56,227 53,948 55,318 56,631
2005 57,884 57,580 56,576 58,138 57,105 58,903 57,606 60,352 58,344 59,751 60,459 61,271
2006 62,469 62,592 65,096 63,272 64,145 63,601 63,922 64,379 66,981 66,492 66,484 65,935
2007 64,075 63,765 67,021 66,329 64,877 64,886 65,075 66,197 65,007 65,138 65,482 68,042
2008 68,327 66,639 66,473 69,532 68,680 67,801 67,546 66,182 63,660 59,476 60,592 55,677
2009 49,642 50,266 49,105 46,980 48,750 50,579 50,949 49,897 52,915 51,997 53,032 54,468
2010 52,324 53,488 56,255 52,467 57,284 59,629 56,376 58,455 59,882 57,529 60,725 61,945
2011 60,825 59,167 62,155 61,512 63,953 63,572 64,650 64,543 65,654 67,577 65,015 68,761
2012 67,493 69,932 69,528 67,727 69,172 66,841 65,239 63,683 63,886 66,249 66,575 66,680
2013 69,427 65,868 65,687 67,329 68,816 68,874 66,019 65,714 66,280 64,813 68,058 67,476
2014 67,762 67,070 68,342 66,364 65,673 69,509 67,494 68,369 69,193 65,659 63,627 65,706
2015 64,937 64,192 64,407 64,131 62,340 63,624 63,441 63,405 63,298 63,356 62,334 60,537
2016 61,074 60,710 59,891 60,168 58,923 59,059 59,333 60,984 58,991 59,052 58,969 59,072
2017 61,202 61,363 61,541 61,763 61,509 60,755 61,558 61,667 63,859 63,801 63,309 63,596
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Source: U.S. Census Bureau | Business & Industry | sssd.econ.data@census.gov |  Last Revised: January 22, 2021