FOR IMMEDIATE RELEASE

TUESDAY, JUNE 25, 2013, AT 8:30 A.M. EDT

Chris Savage or Adriana Stoica
Manufacturing and Construction Division
(301) 763-4832

M3-1 (13)-05
CB13-115

Advance Report on Durable Goods Manufacturers Shipments, Inventories and Orders

May 2013
New Orders

Inventories

New orders for manufactured durable goods in May

increased $8.0 billion or 3.6 percent to $231.0 billion,
the U.S. Census Bureau announced today. This increase,
up three of the last four months, followed a 3.6 percent
April increase. Excluding transportation, new orders
increased 0.7 percent. Excluding defense, new orders
increased 3.5 percent.

Inventories of manufactured durable goods in May, up

four of the last five months, increased $0.5 billion or 0.1
percent to $378.0 billion. This was at the highest level
since the series was first published on a NAICS basis in
1992, and followed a 0.3 percent April increase.

Transportation equipment, also up three of the last four

months, led the increase, $6.9 billion or 10.2 percent to
$74.3 billion. This was led by nondefense aircraft and
parts, which increased $6.3 billion.
Shipments
Shipments of manufactured durable goods in May, up
three of the last four months, increased $2.8 billion or
1.2 percent to $229.7 billion. This followed a 0.6
percent April decrease.
Transportation equipment, also up three of the last four
months, led the increase, $2.4 billion or 3.6 percent to
$69.3 billion. This followed a 0.9 percent April
decrease.

Computers and electronic products, up two

consecutive months, led the increase, $0.4 billion or 0.8
percent to $46.5 billion.
Capital Goods
Nondefense new orders for capital goods in May
increased $7.1 billion or 9.3 percent to $83.5 billion.
Shipments increased $4.3 billion or 6.0 percent to $75.8
billion. Unfilled orders increased $7.8 billion or 1.3
percent to $585.6 billion. Inventories increased $0.4
billion or 0.2 percent to $171.5 billion.
Defense new orders for capital goods in May increased
$0.9 billion or 12.0 percent to $8.3 billion. Shipments
increased slightly to $9.6 billion. Unfilled orders
decreased $1.2 billion or 0.7 percent to $167.3 billion.
Inventories increased $0.3 billion or 1.3 percent to $22.7
billion.

Unfilled Orders
Revised April Data
Unfilled orders for manufactured durable goods in
May, up three of the last four months, increased $8.1
billion or 0.8 percent to $1,004.7 billion. This increase
followed a 0.3 percent April increase.
Transportation equipment, also up three of the last four
months, led the increase, $5.0 billion or 0.8 percent to
$616.6 billion.

Revised seasonally adjusted April figures for all

manufacturing industries were: new orders, $474.1
billion (revised from $474.0 billion); shipments, $478.0
billion (revised from $478.7 billion); unfilled orders,
$996.6 billion (revised from $995.9 billion); and total
inventories, $627.6 billion (revised from $627.9 billion).

Figures in text are adjusted for seasonality, but not for inflation. Figures on new and unfilled orders exclude data for
semiconductor manufacturing. For data, call (301) 763-4673 or go to <http://www.census.gov/m3>.
Revised and more detailed estimates, plus nondurable goods data, will be published on July 2, 2013, at 10:00 a.m. EDT. The
advance report on durable goods for June is scheduled for release on July 25, 2013, at 8:30 a.m. EDT. See back page for survey
description. 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.

Table 1. Durable Goods Manufacturers' Shipments and New Orders

[Estimates are shown in millions of dollars and are based on data from the Manufacturers' Shipments, Inventories, and Orders Survey.]
Monthly

Seasonally Adjusted
Percent Change

Not Seasonally Adjusted

Monthly

Year to Date

Item
May
2013 2

Apr
2013 r

Mar
2013

Apr May 2

Mar Apr r

Feb Mar

May
2013 2

Apr
2013 r

May
2012

2013

2012

Percent
Change
2013/2012

DURABLE GOODS
Total:
Shipments..
New Orders4

229,739
231,030

226,909
222,988

228,342
215,267

1.2
3.6

-0.6
3.6

0.9
-5.9

236,591
234,438

227,744
218,395

229,889
217,760

1,123,247
1,111,305

1,094,886
1,088,250

2.6
2.1

Excluding transportation:
Shipments..
New Orders4

160,489
156,761

160,096
155,617

160,932
153,033

0.2
0.7

-0.5
1.7

0.1
-1.6

164,376
160,642

161,702
157,242

163,437
155,794

790,707
781,715

784,841
772,113

0.7
1.2

217,758
220,586

215,090
213,084

215,724
207,790

1.2
3.5

-0.3
2.5

0.7
-4.5

224,704
226,841

216,830
210,886

217,555
208,778

1,065,383
1,065,232

1,036,638
1,030,963

2.8
3.3

Manufacturing with unfilled orders:

Shipments..
New Orders

161,815
169,891

158,683
161,941

160,052
154,464

2.0
4.9

-0.9
4.8

0.9
-8.0

166,708
170,225

156,979
156,052

164,137
158,158

787,003
808,487

781,481
807,703

0.7
0.1

Primary metals:
Shipments..
New Orders

24,491
25,530

24,708
25,312

24,561
24,731

-0.9
0.9

0.6
2.3

-1.2
-5.5

26,018
26,170

25,986
26,342

27,135
24,414

127,364
130,296

131,048
129,486

-2.8
0.6

Fabricated metal products:

Shipments..
New Orders

28,989
29,461

29,111
29,738

28,451
29,364

-0.4
-0.9

2.3
1.3

-1.8
-0.8

30,273
30,539

29,560
30,612

29,736
30,208

142,811
154,153

141,845
149,317

0.7
3.2

Machinery:
Shipments..
New Orders

34,611
34,732

34,220
34,331

35,078
33,982

1.1
1.2

-2.4
1.0

0.7
-1.5

35,434
35,802

34,771
35,610

33,516
33,798

170,533
175,181

162,388
168,467

5.0
4.0

Computers and electronic products 4:

Shipments..
New Orders

27,533
22,130

27,583
21,557

28,438
20,595

-0.2
2.7

-3.0
4.7

3.3
-0.6

25,725
20,877

26,705
19,656

27,816
21,603

131,396
101,505

137,377
110,235

-4.4
-7.9

Computers and related products:

Shipments..
New Orders

2,362
2,387

2,337
2,363

2,482
2,454

1.1
1.0

-5.8
-3.7

11.9
-0.4

1,939
1,964

1,691
1,717

2,263
2,270

10,040
10,296

10,970
10,975

-8.5
-6.2

Communications equipment:
Shipments..
New Orders

4,106
5,116

3,961
4,544

3,936
4,061

3.7
12.6

0.6
11.9

0.6
2.2

3,956
4,890

3,489
4,013

3,828
3,810

18,636
21,244

17,751
19,767

5.0
7.5

Electrical equipment, appliances,

and components:
Shipments..
New Orders

10,423
10,496

10,197
10,349

10,273
10,351

2.2
1.4

-0.7
0.0

-1.1
-0.2

10,771
10,971

10,111
10,087

10,728
11,132

50,653
51,751

51,050
52,396

-0.8
-1.2

Transportation equipment:
Shipments..
New Orders

69,250
74,269

66,813
67,371

67,410
62,234

3.6
10.2

-0.9
8.3

3.0
-15.0

72,215
73,796

66,042
61,153

66,452
61,966

332,540
329,590

310,045
316,137

7.3
4.3

Motor vehicles and parts:

Shipments..
New Orders

44,466
44,622

45,167
45,168

44,162
44,109

-1.6
-1.2

2.3
2.4

0.6
0.1

47,708
47,677

46,233
45,988

43,996
43,576

224,086
224,247

204,204
203,672

9.7
10.1

Nondefense aircraft and parts:

Shipments..
New Orders

12,650
18,630

9,702
12,339

10,783
10,431

30.4
51.0

-10.0
18.3

13.9
-43.3

12,283
17,181

8,519
7,149

10,237
9,029

50,136
60,150

47,738
57,517

5.0
4.6

Defense aircraft and parts:

Shipments..
New Orders

4,763
4,263

4,624
4,112

5,102
2,875

3.0
3.7

-9.4
43.0

9.2
-7.5

4,639
2,878

4,069
2,880

4,711
3,311

22,350
15,618

22,831
23,730

-2.1
-34.2

All other durable goods:

Shipments..
New Orders

34,442
34,412

34,277
34,330

34,131
34,010

0.5
0.2

0.4
0.9

-0.4
-0.6

36,155
36,283

34,569
34,935

34,506
34,639

167,950
168,829

161,133
162,212

4.2
4.1

Capital goods3:
Shipments..
New Orders

85,326
91,865

81,021
83,849

84,143
79,517

5.3
9.6

-3.7
5.4

2.7
-12.0

85,446
88,959

77,975
77,347

82,283
78,546

402,348
419,473

396,160
418,311

1.6
0.3

Nondefense capital goods:

Shipments..
New Orders

75,758
83,519

71,457
76,397

74,005
73,795

6.0
9.3

-3.4
3.5

2.5
-8.9

75,849
82,580

68,995
71,737

72,313
71,472

355,216
382,378

349,349
372,547

1.7
2.6

Shipments

66,358

65,227

66,592

1.7

-2.0

0.6

66,508

63,621

65,307

321,497

317,569

1.2

New Orders..

68,293

67,554

66,734

1.1

1.2

1.1

68,362

67,324

66,337

338,995

332,318

2.0

Defense capital goods:

Shipments..
New Orders

9,568
8,346

9,564
7,452

10,138
5,722

0.0
12.0

-5.7
30.2

3.8
-39.1

9,597
6,379

8,980
5,610

9,970
7,074

47,132
37,095

46,811
45,764

0.7
-18.9

Excluding defense:
Shipments..
New Orders4

Excluding aircraft:

Revised data due to late receipts and concurrent seasonal adjustment.

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.

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.

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.

Estimates of shipments for the semiconductor industry are no longer shown separately. 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.

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
Item
May
Apr
Mar
Apr Mar Feb May
Apr
May
2
2013
Mar
2012
May 2
2013 2
2013 r
Apr r
2013 r
2013

Percent
Change
2013/
2012

DURABLE GOODS
Total:
Unfilled Orders4.
Total Inventories..

1,004,706
377,952

996,630
377,489

993,372
376,534

0.8
0.1

0.3
0.3

-0.6
-0.1

1,012,348
381,295

1,008,831
379,846

981,196
370,428

3.2
2.9

388,098
261,543

385,041
261,362

382,341
261,770

0.8
0.1

0.7
-0.2

-0.1
-0.2

395,769
263,997

393,833
262,973

397,299
263,623

-0.4
0.1

806,499
349,789

796,886
349,589

791,713
348,951

1.2
0.1

0.7
0.2

-0.1
0.0

813,785
353,046

805,978
351,803

783,002
344,163

3.9
2.6

Manufacturing with unfilled orders:

Unfilled Orders.
Total Inventories..

1,004,706
309,071

996,630
308,413

993,372
307,473

0.8
0.2

0.3
0.3

-0.6
-0.1

1,012,348
312,174

1,008,831
310,688

981,196
301,889

3.2
3.4

Primary metals:
Unfilled Orders.
Total Inventories..

34,493
34,710

33,454
35,000

32,850
35,560

3.1
-0.8

1.8
-1.6

0.5
-2.1

35,059
35,126

34,907
35,415

36,395
37,002

-3.7
-5.1

Fabricated metal products:

Unfilled Orders.
Total Inventories..

86,642
47,157

86,170
47,227

85,543
47,309

0.5
-0.1

0.7
-0.2

1.1
0.7

90,294
47,623

90,028
47,605

81,075
47,490

11.4
0.3

Machinery:
Unfilled Orders.
Total Inventories..

104,634
66,580

104,513
66,345

104,402
66,125

0.1
0.4

0.1
0.3

-1.0
0.0

106,438
67,398

106,070
66,913

120,525
66,879

-11.7
0.8

Computers and electronic products4:

Unfilled Orders.
Total Inventories..

133,356
46,465

131,974
46,102

130,821
45,900

1.0
0.8

0.9
0.4

-0.3
-0.2

134,197
46,795

133,375
46,017

129,131
46,553

3.9
0.5

Computers and related products:

Unfilled Orders.
Total Inventories..

3,483
4,496

3,458
4,365

3,432
4,161

0.7
3.0

0.8
4.9

-0.8
-4.8

3,483
4,666

3,458
4,315

2,748
4,637

26.7
0.6

Communications equipment:
Unfilled Orders.
Total Inventories..

32,896
7,475

31,886
7,477

31,303
7,660

3.2
0.0

1.9
-2.4

0.4
0.5

33,038
7,445

32,104
7,346

28,555
7,533

15.7
-1.2

Electrical equipment, appliances,

and components:
Unfilled Orders.
Total Inventories..

21,769
16,598

21,696
16,645

21,544
16,890

0.3
-0.3

0.7
-1.5

0.4
0.0

22,072
16,864

21,872
16,897

22,379
16,594

-1.4
1.6

Transportation equipment:
Unfilled Orders.
Total Inventories..

616,608
116,409

611,589
116,127

611,031
114,764

0.8
0.2

0.1
1.2

-0.8
0.1

616,579
117,298

614,998
116,873

583,897
106,805

5.6
9.8

Motor vehicles and parts:

Unfilled Orders.
Total Inventories..

16,804
25,152

16,648
25,215

16,647
25,178

0.9
-0.2

0.0
0.1

-0.3
-1.5

16,946
25,130

16,977
25,081

17,345
25,240

-2.3
-0.4

Nondefense Aircraft and parts:

Unfilled Orders.
Total Inventories..

441,358
62,513

435,378
62,436

432,741
61,225

1.4
0.1

0.6
2.0

-0.1
1.1

441,370
63,459

436,472
63,306

407,087
54,689

8.4
16.0

Defense Aircraft and parts:

Unfilled Orders.
Total Inventories..

65,860
13,924

66,360
13,705

66,872
13,789

-0.8
1.6

-0.8
-0.6

-3.2
-1.6

65,627
13,919

67,388
13,678

66,421
12,811

-1.2
8.6

All other durable goods:

Unfilled Orders.
Total Inventories..

7,204
50,033

7,234
50,043

7,181
49,986

-0.4
0.0

0.7
0.1

-1.7
0.2

7,709
50,191

7,581
50,126

7,794
49,105

-1.1
2.2

Capital goods3:
Unfilled Orders.
Total Inventories..

752,978
194,189

746,439
193,529

743,611
192,261

0.9
0.3

0.4
0.7

-0.6
0.0

758,339
196,312

754,826
194,763

728,094
185,790

4.2
5.7

Nondefense capital goods:

Unfilled Orders.
Total Inventories..

585,642
171,469

577,881
171,101

572,941
170,138

1.3
0.2

0.9
0.6

0.0
0.1

590,433
173,501

583,702
172,165

560,684
164,745

5.3
5.3

Excluding aircraft:
Unfilled Orders..
Total Inventories.

220,323
120,237

218,388
119,897

216,061
120,118

0.9
0.3

1.1
-0.2

0.1
-0.3

225,337
121,361

223,483
120,097

224,804
120,468

0.2
0.7

Defense capital goods:

Unfilled Orders.
Total Inventories..

167,336
22,720

168,558
22,428

170,670
22,123

-0.7
1.3

-1.2
1.4

-2.5
-1.3

167,906
22,811

171,124
22,598

167,410
21,045

0.3
8.4

Excluding transportation:
4
Unfilled Orders .
Total Inventories..

Excluding defense:
Unfilled Orders4
Total Inventories..

See footnotes at end of Table 1

Survey Description
This report is compiled from results of the U.S. Census Bureaus Manufacturers Shipments, Inventories,
and Orders (M3) survey. This survey provides statistics on 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-inprocess, and finished goods). The M3 includes approximately 4,300 reporting units. Units may be
divisions of diversified large companies, large homogenous companies, or single-unit manufacturers in 89
industry categories. Due to the small monthly sample, these 89 categories have been combined into 65
publication levels. The survey methodology assumes that the month-to-month changes of the total
operations of those companies in the monthly survey effectively represent the month-to-month
movements of all establishments that make up the category. The current coverage levels in the survey
show that reported data in the monthly survey represent approximately 60 percent of the shipments
estimates at the total manufacturing level. Data published represent manufacturing in a calendar month.
The data collection is based on a voluntary survey authorized by Title 13 of the United States Code.
The data presented in this release are based on data obtained from a panel of 4,300 reporting units and
provide an indication of the activity within the manufacturing sector. The results differ from what would
be obtained from a complete enumeration of all manufacturing companies. In addition, a different panel
of 4,300 companies would yield different results. The M3 panel is comprised of companies with $500
million or more in shipments and a limited number of smaller companies. From a statistical perspective,
the panel is not 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 months advance report. Any
revisions made later than two months will be reflected in the annual benchmark publication.
Additional survey documentation can be found on our web site: http://www.census.gov/m3.