---
source: Census Bureau
url: https://www.census.gov/manufacturing/m3/adv/pdf/durgd.pdf
document_type: pdf
date_retrieved: 2026-03-15
period: January 2026
parent_publication: "Monthly Advance Report on Durable Goods Manufacturers’ Shipments, Inventories and Orders"
indicators_covered: [Durable Goods Orders, Durable Goods Orders Ex Transportation, Durable Goods Orders Ex Defense, Non Defense Capital Goods Orders Ex Aircraft]
---
# Monthly Advance Report on Durable Goods Manufacturers’ Shipments, Inventories and Orders — January 2026
## Release Summary (verbatim excerpt)
FOR RELEASE AT 8:30 AM EDT, FRIDAY, MARCH 13, 2026
MONTHLY ADVANCE REPORT ON DURABLE GOODS MANUFACTURERS’ SHIPMENTS, INVENTORIES AND ORDERS JANUARY 2026
Release Number: CB 26-37 M3-1 (26)-01
New orders for manufactured durable goods in January, down three of the last four months, decreased $0.1 billion or virtually unchanged to $321.2 billion. This followed a 0.9 percent December decrease. Excluding transportation, new orders increased 0.4 percent. Excluding defense, new orders increased 0.5 percent.
## Full Extracted Document Text
Data Inquiries Media Inquiries
Economic Indicators Division, Shipments, Inventories, and Orders Branch (M3) Public Information Office
301-763-4832 301-763-3030
eid.m3.qs@census.gov
pio@census.gov
FOR RELEASE AT 8:30 AM EDT, FRIDAY, MARCH 13, 2026
MONTHLY ADVANCE REPORT ON DURABLE GOODS MANUFACTURERS’ SHIPMENTS,
INVENTORIES AND ORDERS JANUARY 2026
Release Number: CB 26-37 M3-1 (26)-01
MARCH 13, 2026 — The U.S. Census Bureau announces the January advance report on durable goods
manufacturers’ shipments, inventories and orders:
New Orders
New orders for manufactured durable goods in January, down three of the last four months, decreased
$0.1 billion or virtually unchanged to $321.2 billion, the U.S. Census Bureau announced today. This
followed a 0.9 percent December decrease. Excluding transportation, new orders increased 0.4 percent.
Excluding defense, new orders increased 0.5 percent. Transportation equipment, also down three of the
last four months, drove the decrease, $1.0 billion or 0.9 percent to $113.3 billion.
Shipments
Shipments of manufactured durable goods in January, up four of the last five months, increased $2.0
billion or 0.6 percent to $314.2 billion. This followed a 1.2 percent December increase. Transportation
equipment, up three of the last four months, led the increase, $1.0 billion or 1.0 percent to $103.5 billion.
DURABLE GOODS – NEW ORDERS
JANUARY 2026 $321.2 billion -0.0%°
DECEMBER 2025
(revised) $321.3 billion -0.9%°
Next release: The U.S. Census Bureau is updating its economic indicator release calendar
in coordination with other agencies and the Office of Management and Budget to address
the impacts of the recent lapse in federal funding. We will provide the updated release
schedule as soon as it becomes available.
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 13,
2026.
1.0%
7.6%
-6.6%
16.5%
-9.4%
-2.8%
3.0%
0.6%
-2.1%
5.4%
-0.9%
0.0%
-18.0%
-15.0%
-12.0%
-9.0%
-6.0%
-3.0%
0.0%
3.0%
6.0%
9.0%
12.0%
15.0%
18.0%
Feb-25 Mar-25 Apr-25 May-25 Jun-25 Jul-25 Aug-25 Sep-25 Oct-25 Nov-25 Dec-25 Jan-26
DURABLE GOODS NEW ORDERS 2025-2026
Seasonally Adjusted, Month-To-Month Percentage Change
Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders, March 13, 2026.
Data Inquiries Media Inquiries
Economic Indicators Division, Shipments, Inventories, and Orders Branch (M3) Public Information Office
301-763-4832 301-763-3030
eid.m3.qs@census.gov
pio@census.gov
Unfilled Orders
Unfilled orders for manufactured durable goods in January, up eighteen of the last nineteen months,
increased $11.9 billion or 0.8 percent to $1,540.2 billion. This followed a 0.9 percent December increase.
Transportation equipment, up ten of the last eleven months, led the increase, $9.8 billion or 1.0 percent to
$971.1 billion.
Inventories
Inventories of manufactured durable goods in January, up four consecutive months, increased $1.2 billion
or 0.2 percent to $594.7 billion. This followed a 0.2 percent December increase. Transportation
equipment, also up four consecutive months, led the increase, $0.4 billion or 0.2 percent to $188.1 billion.
Capital Goods
Nondefense new orders for capital goods in January increased $0.9 billion or 0.9 percent to $102.2 billion.
Shipments increased $1.3 billion or 1.4 percent to $91.4 billion. Unfilled orders increased $10.8 billion or
1.2 percent to $924.0 billion. Inventories increased $0.2 billion or 0.1 percent to $249.7 billion. Defense
new orders for capital goods in January decreased $2.2 billion or 11.8 percent to $16.6 billion. Shipments
increased $0.2 billion or 0.9 percent to $17.0 billion. Unfilled orders decreased $0.4 billion or 0.2 percent
to $212.0 billion. Inventories increased $0.2 billion or 0.5 percent to $27.8 billion.
Revised December Data
Revised seasonally adjusted December figures for all manufacturing industries were: new orders, $619.2
billion (revised from $617.5 billion); shipments, $610.2 billion (revised from $609.2 billion); unfilled orders,
$1,528.2 billion (revised from $1,527.5 billion) and total inventories, $949.1 billion (revised from $949.6
billion).
The U.S. Census Bureau is updating its economic indicator release calendar in coordination with other
agencies and the Office of Management and Budget to address the impacts of the recent lapse in federal
funding. We will provide the updated release schedule as soon as it becomes available. View the full
schedule in the Economic Briefing Room: . The full text and
tables of this release can be found at .
EXPLANATORY NOTES
Figures in text are adjusted for seasonality, but not for inflation. Figures on new and unfilled orders
exclude data for semiconductor manufacturing.
Data Inquiries Media Inquiries
Economic Indicators Division, Shipments, Inventories, and Orders Branch (M3) Public Information Office
301-763-4832 301-763-3030
eid.m3.qs@census.gov
pio@census.gov
“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-FY25-0224).
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-in-
process, and finished goods). Data published from the M3 survey are based on a panel of approximately
4,700 reporting units that represent approximately 3,000 companies and provide an indication of month-
to-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 58 percent of the total value of shipments for manufacturing establishments in the 2022
Economic Census, and these companies include roughly 52 percent of the manufacturing companies with
$500 million or more in shipments in the 2022 Economic Census. The companies for which shipments data
are currently reported in the M3 survey represent approximately 38 percent of the total value of
shipments for manufacturing establishments in the 2022 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
Data Inquiries Media Inquiries
Economic Indicators Division, Shipments, Inventories, and Orders Branch (M3) Public Information Office
301-763-4832 301-763-3030
eid.m3.qs@census.gov
pio@census.gov
revisions made later than two months will be reflected in the annual benchmark publication. Additional
survey documentation can be found on our web site:
.
Special Notices:
Due to schedule and resource constraints, revised historical data and the seasonal adjustment models for
the Manufacturers’ Shipments, Inventories, and Orders (M3) Survey will remain unchanged for the
remainder of 2026.
Starting with the June 2025 data released on July 25, 2025, the Advance Total Manufacturing publication
includes detailed data for all nondurable industries from the Manufacturers’ Shipments, Inventories, and
Orders Survey. These estimates are available on both a seasonally and not seasonally adjusted basis and
are 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).
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.
FRED Mobile App
Receive the latest updates on the nation’s key economic indicators by downloading
the FRED App 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. Durable Goods Manufacturers' Shipments and New Orders 1
[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
Item Percent
Jan Dec Nov Dec - Nov - Oct - Jan Dec Jan Change
2026 2 2025 r 2025 Jan 2 Dec r Nov 2026 2 2025 r 2025 2026 2025 2026/2025
DURABLE GOODS
Total:
Shipments………………………….. 314,212 312,262 308,454 0.6 1.2 -0.3 283,121 314,421 269,994 283,121 269,994 4.9
New Orders4………………………… 321,193 321,327 324,305 0.0 -0.9 5.4 294,344 330,101 270,025 294,344 270,025 9.0
Excluding transportation:
Shipments………………………….. 210,673 209,749 207,566 0.4 1.1 0.4 193,274 207,660 186,441 193,274 186,441 3.7
New Orders4………………………… 207,896 207,012 204,436 0.4 1.3 0.5 195,096 205,598 186,899 195,096 186,899 4.4
Excluding defense:
Shipments………………………….. 294,403 292,633 289,358 0.6 1.1 -0.5 265,866 292,898 255,791 265,866 255,791 3.9
New Orders4………………………… 301,486 300,078 305,977 0.5 -1.9 6.6 277,906 303,369 257,264 277,906 257,264 8.0
Manufacturing with unfilled orders:
Shipments………………………….. 219,917 218,152 214,928 0.8 1.5 -0.3 199,683 222,248 188,628 199,683 188,628 5.9
New Orders………………………… 231,858 232,246 235,768 -0.2 -1.5 7.8 216,244 242,703 193,980 216,244 193,980 11.5
Primary metals:
Shipments………………………….. 27,892 27,748 26,993 0.5 2.8 -0.2 27,104 25,477 25,367 27,104 25,367 6.8
New Orders………………………… 27,919 27,686 27,046 0.8 2.4 -0.3 27,746 26,127 25,999 27,746 25,999 6.7
Fabricated metal products:
Shipments………………………….. 42,190 41,910 41,530 0.7 0.9 0.5 39,513 39,775 38,201 39,513 38,201 3.4
New Orders………………………… 42,868 42,598 42,213 0.6 0.9 0.5 41,107 39,460 39,291 41,107 39,291 4.6
Machinery:
Shipments………………………….. 40,004 40,051 39,550 -0.1 1.3 0.3 36,071 40,250 34,107 36,071 34,107 5.8
New Orders………………………… 40,360 40,274 40,170 0.2 0.3 0.7 38,708 40,199 37,186 38,708 37,186 4.1
Computers and electronic products4:
Shipments………………………….. 32,614 32,255 32,021 1.1 0.7 1.0 29,415 36,144 27,980 29,415 27,980 5.1
New Orders………………………… 28,165 27,934 27,015 0.8 3.4 0.6 24,976 33,483 23,012 24,976 23,012 8.5
Computers and related products:
Shipments………………………….. 2,695 2,652 2,617 1.6 1.3 5.3 2,422 2,911 2,056 2,422 2,056 17.8
New Orders………………………… 2,715 2,611 2,584 4.0 1.0 4.5 2,442 2,870 2,082 2,442 2,082 17.3
Communications equipment:
Shipments………………………….. 4,344 4,128 4,128 5.2 0.0 6.5 3,472 5,559 2,903 3,472 2,903 19.6
New Orders………………………… 4,480 4,269 3,967 4.9 7.6 6.6 3,788 6,110 2,838 3,788 2,838 33.5
Electrical equipment, appliances,
and components:
Shipments…………………………..17,918 17,858 17,692 0.3 0.9 -0.4 16,020 18,184 15,549 16,020 15,549 3.0
New Orders…………………………18,418 18,520 18,172 -0.6 1.9 1.1 17,146 18,767 16,093 17,146 16,093 6.5
Transportation equipment:
Shipments………………………….. 103,539 102,513 100,888 1.0 1.6 -1.6 89,847 106,761 83,553 89,847 83,553 7.5
New Orders………………………… 113,297 114,315 119,869 -0.9 -4.6 15.2 99,248 124,503 83,126 99,248 83,126 19.4
Motor vehicles and parts:
Shipments………………………….. 68,049 68,270 67,411 -0.3 1.3 0.2 60,696 65,857 57,421 60,696 57,421 5.7
New Orders…………………………67,806 68,090 67,171 -0.4 1.4 -0.3 60,907 66,669 57,816 60,907 57,816 5.3
Nondefense aircraft and parts:
Shipments………………………….. 18,331 16,972 16,130 8.0 5.2 -11.9 14,242 22,314 12,426 14,242 12,426 14.6
New Orders………………………… 28,459 27,414 35,498 3.8 -22.8 98.2 24,076 34,158 12,443 24,076 12,443 93.5
Defense aircraft and parts:
Shipments………………………….. 5,512 5,541 5,423 -0.5 2.2 0.4 4,782 5,986 4,366 4,782 4,366 9.5
New Orders………………………… 5,354 7,013 6,266 -23.7 11.9 3.5 5,536 9,484 4,877 5,536 4,877 13.5
All other durable goods:
Shipments………………………….. 50,055 49,927 49,780 0.3 0.3 0.4 45,151 47,830 45,237 45,151 45,237 -0.2
New Orders………………………… 50,166 50,000 49,820 0.3 0.4 0.4 45,413 47,562 45,318 45,413 45,318 0.2
Capital goods3:
Shipments………………………….. 108,362 106,953 104,835 1.3 2.0 -1.3 94,190 119,142 86,927 94,190 86,927 8.4
New Orders………………………… 118,760 120,075 124,044 -1.1 -3.2 15.4 105,922 135,761 89,199 105,922 89,199 18.7
Nondefense capital goods:
Shipments………………………….. 91,390 90,134 88,453 1.4 1.9 -2.1 79,593 100,607 75,285 79,593 75,285 5.7
New Orders………………………… 102,194 101,301 108,609 0.9 -6.7 20.4 92,707 112,913 79,368 92,707 79,368 16.8
Excluding aircraft:
Shipments……………………… 78,674 78,772 78,015 -0.1 1.0 0.3 70,893 84,071 67,992 70,893 67,992 4.3
New Orders…………………….. 79,265 79,286 78,621 0.0 0.8 0.9 74,250 84,632 72,154 74,250 72,154 2.9
Defense capital goods:
Shipments………………………….. 16,972 16,819 16,382 0.9 2.7 3.7 14,597 18,535 11,642 14,597 11,642 25.4
New Orders…………………………16,566 18,774 15,435 -11.8 21.6 -10.7 13,215 22,848 9,831 13,215 9,831 34.4
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 Based on advance sample. 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.
3 The Capital Goods Industries include Nondefense : 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. Defense Capital Goods include : small arms and ordnance, communications equipment, aircraft; missiles, space vehicles, and parts, ships
and boats, and search and navigation equipment.
4 Estimates and percent changes of shipments and inventories for the semiconductor industry are included in computers and electronic products, and all other applicable aggregate totals. Estimates and percent changes for new orders and unfilled
orders exclude semiconductor industry data.
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-FY25-0224).
Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, January Advance Report, March 13, 2026. Information on data sources and methodology can be found on our website at
.
Table 2. Durable Goods Manufacturers' Unfilled Orders and Total Inventories 1
[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 Percent
Item Change
Jan Dec Nov Dec - Nov - Oct - Jan Dec Jan 2026/
2026 2 2025 r 2025 Jan 2 Dec r Nov 2026 2 2025 r 2025 2025
DURABLE GOODS
Total:
Unfilled Orders4……………………. 1,540,154 1,528,213 1,514,119 0.8 0.9 1.4 1,541,298 1,524,737 1,387,932 11.0
Total Inventories…………………..594,684 593,460 592,088 0.2 0.2 0.2 593,458 580,537 583,795 1.7
Excluding transportation:
Unfilled Orders4……………………. 569,038 566,855 564,563 0.4 0.4 0.3 567,204 560,044 556,612 1.9
Total Inventories…………………..406,552 405,763 404,841 0.2 0.2 0.1 406,103 398,620 396,372 2.5
Excluding defense:
Unfilled Orders4……………………… 1,283,939 1,271,896 1,259,422 0.9 1.0 1.7 1,283,200 1,265,822 1,146,293 11.9
Total Inventories…………………..560,354 559,295 557,908 0.2 0.2 0.1 559,444 546,890 551,866 1.4
Manufacturing with unfilled orders:
Unfilled Orders……………………. 1,540,154 1,528,213 1,514,119 0.8 0.9 1.4 1,541,298 1,524,737 1,387,932 11.0
Total Inventories…………………..476,956 475,817 474,595 0.2 0.3 0.2 475,324 466,733 466,675 1.9
Primary metals:
Unfilled Orders…………………….45,642 45,615 45,677 0.1 -0.1 0.1 45,772 45,130 44,755 2.3
Total Inventories…………………..48,972 48,855 48,730 0.2 0.3 0.3 49,115 48,310 46,735 5.1
Fabricated metal products:
Unfilled Orders…………………….158,257 157,579 156,891 0.4 0.4 0.4 155,881 154,287 151,234 3.1
Total Inventories…………………..74,464 74,376 74,223 0.1 0.2 -0.1 74,398 73,132 73,191 1.6
Machinery:
Unfilled Orders…………………….145,035 144,679 144,456 0.2 0.2 0.4 145,222 142,585 143,188 1.4
Total Inventories…………………..104,401 103,967 103,587 0.4 0.4 0.3 103,733 101,826 100,797 2.9
Computers and electronic products4:
Unfilled Orders……………………. 151,254 150,743 150,035 0.3 0.5 0.0 151,983 151,084 151,952 0.0
Total Inventories…………………..67,560 67,543 67,512 0.0 0.0 0.2 67,584 66,461 66,678 1.4
Computers and related products:
Unfilled Orders…………………….1,778 1,758 1,799 1.1 -2.3 -1.8 1,778 1,758 1,943 -8.5
Total Inventories…………………..4,431 4,394 4,387 0.8 0.2 -0.5 4,271 4,242 4,181 2.2 Communications equipment:
Unfilled Orders…………………….26,496 26,360 26,219 0.5 0.5 -0.6 26,887 26,571 26,991 -0.4
Total Inventories…………………..6,723 6,752 6,773 -0.4 -0.3 0.0 6,550 6,427 6,615 -1.0
Electrical equipment, appliances,
and components:
Unfilled Orders…………………….54,233 53,733 53,071 0.9 1.2 0.9 54,095 52,969 51,527 5.0
Total Inventories…………………..29,408 29,393 29,327 0.1 0.2 0.2 29,283 28,439 28,210 3.8
Transportation equipment:
Unfilled Orders…………………….971,116 961,358 949,556 1.0 1.2 2.0 974,094 964,693 831,320 17.2
Total Inventories…………………..188,132 187,697 187,247 0.2 0.2 0.4 187,355 181,917 187,423 0.0
Motor vehicles and parts:
Unfilled Orders…………………….39,955 40,198 40,378 -0.6 -0.4 -0.6 40,611 40,400 42,016 -3.3
Total Inventories…………………..67,510 67,408 67,236 0.2 0.3 0.3 68,009 63,934 66,814 1.8 Nondefense Aircraft and parts:
Unfilled Orders…………………….701,069 690,941 680,499 1.5 1.5 2.9 701,125 691,291 574,409 22.1
Total Inventories…………………..82,514 82,507 82,178 0.0 0.4 0.4 81,665 81,152 84,752 -3.6
Defense Aircraft and parts:
Unfilled Orders…………………….77,402 77,560 76,088 -0.2 1.9 1.1 79,210 78,456 72,242 9.6
Total Inventories…………………..15,320 15,250 15,474 0.5 -1.4 0.8 15,275 15,109 14,975 2.0
All other durable goods:
Unfilled Orders…………………….14,617 14,506 14,433 0.8 0.5 0.3 14,251 13,989 13,956 2.1
Total Inventories…………………..81,747 81,629 81,462 0.1 0.2 0.0 81,990 80,452 80,761 1.5
Capital goods3:
Unfilled Orders…………………….1,135,996 1,125,598 1,112,476 0.9 1.2 1.8 1,137,303 1,125,571 997,586 14.0
Total Inventories………………….. 277,502 277,104 276,284 0.1 0.3 0.4 274,794 271,146 272,573 0.8
Nondefense capital goods:
Unfilled Orders…………………….923,983 913,179 902,012 1.2 1.2 2.3 923,712 910,598 794,143 16.3
Total Inventories…………………..249,682 249,436 248,546 0.1 0.4 0.2 247,245 243,855 246,958 0.1
Excluding aircraft: Unfilled Orders………………..302,999 302,408 301,894 0.2 0.2 0.2 302,975 299,618 300,630 0.8
Total Inventories……………….186,006 185,522 184,757 0.3 0.4 0.2 184,535 181,685 180,145 2.4
Defense capital goods:
Unfilled Orders…………………….212,013 212,419 210,464 -0.2 0.9 -0.4 213,591 214,973 203,443 5.0
Total Inventories…………………..27,820 27,668 27,738 0.5 -0.3 2.4 27,549 27,291 25,615 7.6
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 Based on advance sample. 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.
3 The Capital Goods Industries include Nondefense : 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. Defense Capital Goods include : small arms and ordnance, communications equipment, aircraft; missiles, space vehicles, and parts, ships and boats, and search and
navigation equipment.
4 Estimates and percent changes of shipments and inventories for the semiconductor industry are included in computers and electronic products, and all other applicable aggregate totals. Estimates and
percent changes for new orders and unfilled orders exclude semiconductor industry data.
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-FY25-0224).
Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories, and Orders (M3) Survey, January Advance Report, March 13, 2026. Information on data sources and methodology can be found on our
website at .