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Manufacturers’ Shipments, Inventories, & Orders

The Manufacturers’ Shipments, Inventories, and Orders (M3) survey provides broad-based, monthly statistical data on economic conditions in the domestic manufacturing sector. The survey measures current industrial activity and provides an indication of future business trends.

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New: Check out our latest blog post, Inflation and Manufacturing reflected in the U.S. Census Bureau’s Economic Indicator Program.

Notice of Revisions and Changes Due to Updated Seasonal Adjustment models: On May 14, 2024, monthly seasonally adjusted data for Manufacturers' Shipments, Inventories and Orders were revised for January 2012 through March 2024. There was no accompanying press release containing revised seasonally adjusted data for January through March of 2024, and historical data not seasonally adjusted were unchanged. These revisions to the historical seasonally adjusted data were based on the results of the recent annual review of the seasonal adjustment models. These results of the annual seasonal review were used to produce seasonally adjusted data from the Manufacturers' Shipments, Inventories, and Orders Survey, beginning with April 2024 Advance Report on Durable Goods released on May 24, 2024, and the Full Report released on June 4, 2024. Please call M3 staff on (301) 763-4832 with any questions.

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”.

Statement Regarding COVID-19 Impact: The Census Bureau continues to monitor response and data quality and has determined that estimates in these releases meet publication standards. For more information on the compilation of this month's reports, see M3 COVID-19 FAQs.

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