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FOR IMMEDIATE RELEASE

WEDNESDAY, SEPTEMBER 3, 2014, AT 10:00 A.M. EDT

Adriana Stoica
Manufacturing and Construction Division
(301) 763-4832
Full Report on Manufacturers Shipments, Inventories and Orders
July 2014

Summary
New orders for manufactured goods in July, up five of
the last six months, increased $53.1 billion or 10.5
percent to $558.3 billion, the U.S. Census Bureau
reported today. This was at the highest level since the
series was first published on a NAICS basis in 1992 and
followed a 1.5 percent June increase. Excluding
transportation, new orders decreased 0.8 percent.
Shipments, up five of the last six months, increased
$6.0 billion or 1.2 percent to $507.4 billion. This was
also at the highest level since the series was first
published on a NAICS basis and followed a 0.8 percent
June increase.
Unfilled orders, up fifteen of the last sixteen months,
increased $58.9 billion or 5.4 percent to $1,158.2 billion.
This was also at the highest level since the series was
first published on a NAICS basis and followed a 1.0
percent June increase. The unfilled orders-to-shipments
ratio was 6.64, up from 6.47 in June.
Inventories, up twenty of the last twenty-one months,
increased $0.9 billion or 0.1 percent to $653.8 billion.
This was also at the highest level since the series was
first published on a NAICS basis and followed a 0.2
percent June increase. The inventories-to-shipments
ratio was 1.29, down from 1.30 in June.
New Orders
New orders for manufactured durable goods in July, up
five of the last six months, increased $55.4 billion or
22.6 percent to $300.2 billion, unchanged from the
previously published increase. This was at the highest
level since the series was first published on a NAICS
basis and followed a 2.7 percent June increase.
Transportation equipment, also up five of the last six
months, drove the increase, $56.6 billion or 74.1 percent
to $133.0 billion.
New orders for manufactured nondurable goods
decreased $2.3 billion or 0.9 percent to $258.1 billion.
Shipments
Shipments of manufactured durable goods in July, up
five of the last six months, increased $8.3 billion or 3.5
percent to $249.3 billion, revised from the previously
published 3.3 percent increase. This was at the highest
level since the series was published on a NAICS basis
and followed a 1.2 percent June increase.

M3-2 (14)-07
CB14-159

Transportation equipment, up two consecutive


months, led the increase, $5.7 billion or 8.1 percent to
$76.5 billion.
Shipments of manufactured nondurable goods, down
two of the last three months, decreased $2.3 billion or
0.9 percent to $258.1 billion. This followed a 0.4
percent June increase. Petroleum and coal products,
down following three consecutive monthly increases,
drove the decrease, $2.4 billion or 3.2 percent to $70.5
billion.
Unfilled Orders
Unfilled orders for manufactured durable goods in
July, up fifteen of the last sixteen months, increased
$58.9 billion or 5.4 percent to $1,158.2 billion,
unchanged from the previously published increase. This
was at the highest level since the series was first
published on a NAICS basis and followed a 1.0 percent
June increase.
Transportation equipment, up ten of the last eleven
months, led the increase, $56.5 billion or 8.3 percent to
$738.3 billion.
Inventories
Inventories of manufactured durable goods in July, up
fifteen of the last sixteen months, increased $1.9 billion
or 0.5 percent to $401.5 billion, unchanged from the
previously published increase. This was at the highest
level since the series was first published on a NAICS
basis and followed a 0.4 percent June increase.
Transportation equipment, also up fifteen of the last
sixteen months, led the increase, $0.6 billion or 0.5
percent to $129.5 billion.
Inventories of manufactured nondurable goods, down
two consecutive months, decreased $1.1 billion or 0.4
percent to $252.3 billion. This followed a 0.2 percent
June decrease. Petroleum and coal products, also down
two consecutive months, drove the decrease, $1.1 billion
or 2.2 percent to $48.9 billion.
By stage of fabrication, July materials and supplies
increased 0.9 percent in durable goods and decreased 0.2
percent in nondurable goods. Work in process increased
0.3 percent in durable goods and decreased 0.7 percent
in nondurable goods. Finished goods increased 0.3
percent in durable goods and decreased 0.4 percent in
nondurable goods.

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 www.census.gov/m3. The Advance Report on durable goods for August is scheduled
for release on September 25, 2014 at 8:30 a.m. EDT and the Full Report on October 2, 2014, at 10:00 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. The U.S. Census Bureau updated its Application Programming Interface (API) with monthly and
quarterly economic indicators. The API allows developers to combine Census Bureau statistics with other data sets to create tools for
research on a variety of topics.

Table 1. Value of Manufacturers' Shipments for Industry Groups1


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

Not Seasonally Adjusted

Percent Change

Year to date

Monthly

Industry

% Change

July
p
2014

June
2014r

May
2014

All manufacturing industries......


Excluding transportation.
Excluding defense......
With unfilled orders.......

507,362
430,885
495,553
174,367

501,319
430,543
489,806
169,968

497,309
427,559
485,684
166,802

Durable goods industries....

249,270

240,950

238,102

3.5

Wood products......
Nonmetallic mineral products..
Primary metals...
Iron and steel mills....
Aluminum and nonferrous metals.
Ferrous metal foundries.....
Fabricated metal products..
Machinery
Farm machinery...
Construction machinery...
Mining, oil field, and
gas field machinery.....
Industrial machinery..
Photographic equipment.
Ventilation, heating, air-conditioning,
and refrigeration equipment
Metalworking machinery.........
Turbines, generators, and other
power transmission equipment.
Material handling equipment
2
Computers and electronic products .
Computers....
Computer storage devices...
Other peripheral equipment.
Nondefense communications
equipment...
Defense communications equipment.
Audio and video equipment.....
Electronic components....
Nondefense search and navigation
equipment.....
Defense search and navigation
equipment.......
Electromedical, measuring,
and control instruments.....
Electrical equipment, appliances,
and components..
Electric lighting equipment......
Household appliances...
Electrical equipment.
Batteries..........
Transportation equipment...
Automobiles....
Light trucks and utility vehicles..
Heavy duty trucks .....
Motor vehicle bodies, parts,
and trailers......
Nondefense aircraft and parts....
Defense aircraft and parts......
Ships and boats......
Furniture and related products...
Miscellaneous durable goods..

8,552
9,172
27,451
11,453
14,202
1,796
30,273
36,848
1,568
4,675

8,521
9,031
27,077
11,155
14,142
1,780
30,167
35,763
1,643
4,481

8,260
8,959
26,809
10,864
14,211
1,734
29,624
35,894
1,769
4,666

0.4
1.6
1.4
2.7
0.4
0.9
0.4
3.0
-4.6
4.3

2,278
5,584
645

2,243
4,837
687

2,379
4,721
699

1.6
15.4
-6.1

3,714
3,213

3,696
3,200

3,728
3,153

4,032
3,003
29,741
459
835
1,041

4,006
2,940
29,052
494
999
959

3,396
468
405
3,795

Nondurable goods industries...


Food products......
Grain and oilseed milling........
Dairy products.......
Meat, poultry, and seafood products
Beverage and tobacco products.
Beverages.....
Tobacco........
Textile mills.
Textile products..
Apparel......
Leather and allied products.
Paper products.....
Pulp, paper, and paperboard mills....
Paperboard containers...
Printing.......
Petroleum and coal products
Petroleum refineries.....
Chemical products....
Pesticides, fertilizers, and other
agricultural chemicals........
Pharmaceuticals and medicines.
Paints, coatings, and adhesives....
Plastics and rubber products...
r

June July

July
2014p

June
2014r

May
2014

-0.1
-0.1
-0.1
-0.1

496,460
431,515
486,061
164,960

522,242
445,682
509,621
183,342

510,873
439,095
499,255
170,684

475,206
418,738
465,033
150,761

3,465,501
2,981,104
3,385,712
1,163,950

3,367,698
2,904,545
3,285,848
1,110,584

1.2

0.0

236,342

257,993

243,046

214,826

1,659,466

1,582,729

4.8

3.2
0.8
1.0
2.7
-0.5
2.7
1.8
-0.4
-7.1
-4.0

2.1
-1.2
0.9
0.1
1.5
1.5
0.7
0.0
4.4
-1.1

8,930
9,827
27,175
11,247
14,219
1,709
30,065
35,962
1,489
4,572

9,416
9,816
27,842
11,375
14,517
1,950
31,703
38,375
1,524
4,601

9,106
9,538
27,794
11,364
14,621
1,809
30,627
37,296
1,913
4,804

7,536
9,017
24,965
10,366
13,065
1,534
28,643
32,837
1,908
4,352

56,807
61,751
188,720
77,738
98,597
12,385
206,930
251,634
14,259
31,978

50,594
57,500
177,463
74,670
90,711
12,082
201,433
239,950
16,253
32,760

12.3
7.4
6.3
4.1
8.7
2.5
2.7
4.9
-12.3
-2.4

-5.7
2.5
-1.7

-2.7
-3.8
0.3

2,173
5,398
577

2,374
5,202
717

2,336
4,785
682

2,083
3,515
630

15,680
33,027
4,619

14,817
24,775
4,446

5.8
33.3
3.9

0.5
0.4

-0.9
1.5

1.2
0.2

4,118
3,170

4,738
3,359

4,195
3,152

4,037
2,971

26,369
21,741

25,952
20,319

1.6
7.0

3,970
2,984
28,438
472
930
931

0.6
2.1
2.4
-7.1
-16.4
8.6

0.9
-1.5
2.2
4.7
7.4
3.0

4.2
-1.1
-1.5
3.3
-7.8
-1.8

3,848
2,885
29,554
352
484
746

4,250
2,972
31,801
672
1,568
1,297

4,162
3,031
26,144
423
689
825

3,556
2,775
26,494
360
559
563

27,548
20,446
198,145
3,024
6,207
5,759

28,165
19,199
188,035
3,502
6,296
5,032

-2.2
6.5
5.4
-13.6
-1.4
14.4

3,474
362
421
3,721

3,364
342
423
3,555

-2.2
29.3
-3.8
2.0

3.3
5.8
-0.5
4.7

-1.4
-21.0
5.2
1.6

2,897
437
346
3,767

4,207
356
368
4,088

3,241
345
386
3,573

3,073
372
245
3,467

23,015
2,714
2,409
24,675

23,814
2,928
1,574
23,881

-3.4
-7.3
53.0
3.3

1,349

1,374

1,375

-1.8

-0.1

2.8

1,224

1,525

1,352

1,147

9,304

8,823

5.5

2,856

2,911

2,876

-1.9

1.2

0.6

2,517

3,193

2,774

2,508

19,396

19,590

-1.0

6,858

6,750

6,721

1.6

0.4

1.8

6,160

8,026

6,657

5,493

46,106

42,752

7.8

10,456
881
1,818
3,368
1,008
76,477
9,742
15,739
2,765

10,405
874
1,797
3,384
987
70,776
9,451
12,920
2,678

10,204
878
1,740
3,296
1,022
69,750
9,337
13,871
2,564

0.5
0.8
1.2
-0.5
2.1
8.1
3.1
21.8
3.2

2.0
-0.5
3.3
2.7
-3.4
1.5
1.2
-6.9
4.4

0.4
2.5
1.8
-0.8
1.2
-0.1
8.4
-1.5
3.1

10,110
852
1,733
3,195
928
64,945
7,993
12,197
2,688

11,291
881
1,904
3,924
972
76,560
9,998
13,622
2,880

10,491
847
1,867
3,411
978
71,778
9,686
14,589
2,738

9,895
815
1,593
3,153
865
56,468
8,076
9,691
2,259

71,435
5,968
12,137
23,479
6,600
484,397
63,998
94,188
17,786

71,505
5,610
11,416
23,358
6,307
463,153
72,421
85,332
15,742

-0.1
6.4
6.3
0.5
4.6
4.6
-11.6
10.4
13.0

22,773
13,303
4,572
2,463
5,772
14,528

21,118
12,877
4,415
2,396
5,727
14,431

20,934
11,274
4,613
2,215
5,609
14,555

7.8
3.3
3.6
2.8
0.8
0.7

0.9
14.2
-4.3
8.2
2.1
-0.9

0.5
-5.2
-1.3
-6.4
-1.8
0.1

19,968
11,705
3,820
2,302
5,864
13,910

22,028
15,016
4,985
2,620
5,884
15,305

22,152
10,585
4,612
2,359
5,671
14,601

16,644
10,057
3,586
2,269
5,645
13,326

146,785
81,059
30,738
16,401
39,489
100,158

133,945
74,169
31,324
16,936
38,643
94,453

9.6
9.3
-1.9
-3.2
2.2
6.0

258,092

260,369

259,207

-0.9

0.4

-0.2

260,118

264,249

267,827

260,380

1,806,035

1,784,969

1.2

66,299
7,666
9,763
20,698
12,159
8,597
3,562
2,753
2,077
1,262
494
14,587
6,827
4,452
6,564
70,528
66,934
62,319

65,972
7,733
9,683
20,460
12,027
8,700
3,327
2,710
2,122
1,251
499
14,424
6,791
4,410
6,568
72,888
69,329
62,938

65,700
7,821
9,735
19,994
11,809
8,596
3,213
2,686
2,057
1,220
488
14,609
6,836
4,457
6,443
72,457
68,895
62,626

0.5
-0.9
0.8
1.2
1.1
-1.2
7.1
1.6
-2.1
0.9
-1.0
1.1
0.5
1.0
-0.1
-3.2
-3.5
-1.0

0.4
-1.1
-0.5
2.3
1.8
1.2
3.5
0.9
3.2
2.5
2.3
-1.3
-0.7
-1.1
1.9
0.6
0.6
0.5

-0.5
-0.2
-0.4
-0.4
-2.2
-0.8
-5.9
-0.4
1.9
5.2
-2.2
0.5
0.1
0.4
0.0
0.3
0.2
-1.0

64,438
7,475
9,763
20,422
12,347
8,785
3,562
2,693
2,086
1,283
484
14,867
6,981
4,622
6,239
74,129
69,942
62,363

64,787
7,148
9,589
20,824
12,807
9,480
3,327
2,859
2,264
1,183
534
14,693
6,861
4,531
6,304
74,232
70,088
64,769

65,390
7,225
9,932
20,351
12,693
9,480
3,213
2,827
2,154
1,112
485
14,670
6,781
4,503
6,692
76,541
72,764
65,296

60,358
7,853
8,512
17,713
12,508
8,966
3,542
2,589
2,097
1,123
472
14,613
6,844
4,563
6,082
77,598
73,554
64,327

451,381
52,704
66,598
138,584
82,692
60,367
22,325
18,971
14,477
7,840
3,443
100,624
47,049
30,958
44,375
504,138
479,534
444,315

425,734
55,476
58,685
123,797
83,079
60,256
22,823
18,416
14,472
7,326
3,363
99,336
46,517
30,216
45,022
506,861
482,812
451,305

6.0
-5.0
13.5
11.9
-0.5
0.2
-2.2
3.0
0.0
7.0
2.4
1.3
1.1
2.5
-1.4
-0.5
-0.7
-1.5

2,958
14,125
3,087
19,050

2,907
14,854
3,102
18,970

2,803
14,880
3,065
19,112

1.8
-4.9
-0.5
0.4

3.7
-0.2
1.2
-0.7

0.1
-2.9
-3.3
0.9

2,440
13,980
3,376
19,189

2,955
15,030
3,417
19,817

3,838
14,851
3,411
19,967

2,061
15,776
3,317
18,613

22,104
103,381
22,344
133,779

21,069
107,333
22,028
130,055

4.9
-3.7
1.4
2.9

1.2
0.1
1.2
2.6

May June
0.8
0.7
0.8
1.9

Apr. May

July
2013

2014

Preliminary

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

Revised data due to late receipts and concurrent seasonal adjustment.

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.
See note at end of Table 2 relating to survey error and revision.
2

Estimates and percent changes of shipments for the semiconductor industry are no longer shown separately, but are included in computers and electronic products, and all other applicable

aggregate totals.

2013

2014/
2013
2.9
2.6
3.0
4.8

Table 2. Value of Manufacturers' New Orders for Industry Groups1


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

Not Seasonally Adjusted

Percent Change

Year to date

Monthly

Industry

% Change

July
p
2014

June
r
2014

May
2014

All manufacturing industries2.........


2
Excluding transportation .
Excluding defense2......
2
With unfilled orders .....

558,312
425,310
547,556
233,290

505,210
428,809
492,109
181,134

497,544
422,796
484,789
174,172

10.5
-0.8
11.3
28.8

1.5
1.4
1.5
4.0

Durable goods industries2....

300,220

244,841

238,337

22.6

Primary metals.
Iron and steel mills...
Aluminum and nonferrous metals.
Ferrous metal foundries.....
Fabricated metal products...
Machinery
Construction machinery...
Mining, oil field, and
gas field machinery.....
Industrial machinery.
Photographic equipment..
Ventilation, heating, air-conditioning,
and refrigeration equipment
Metalworking machinery........
Turbines, generators, and other
power transmission equipment..
Material handling equipment
Computers and electronic products2..
Computers....
Nondefense communications
equipment..
Defense communications equipment.
Electronic components....
Nondefense search and navigation
equipment.....
Defense search and navigation
equipment........
Electromedical, measuring,
and control instruments......
Electrical equipment, appliances,
and components..
Electric lighting equipment......
Household appliances..
Electrical equipment.
Transportation equipment
Motor vehicle bodies, parts,
and trailers.......
Nondefense aircraft and parts....
Defense aircraft and parts.....
Ships and boats....
Furniture and related products....

27,920
11,637
14,530
1,753
30,752
37,865
4,699

27,996
11,802
14,436
1,758
30,715
38,323
5,185

27,455
11,392
14,285
1,778
29,979
36,509
5,486

-0.3
-1.4
0.7
-0.3
0.1
-1.2
-9.4

2,187
5,540
635

2,013
4,825
545

2,002
4,689
645

3,678
3,320

3,758
3,230

4,579
3,205
22,298
587
3,773
355
3,782

Nondurable goods industries......


r

June July

May June

Apr. May

July
p
2014

June
r
2014

May
2014

July
2013

2014

-0.6
-0.2
0.0
-1.6

542,841
422,414
535,087
221,706

527,512
442,571
509,197
194,800

505,996
434,215
496,411
171,402

466,646
411,612
458,582
150,641

3,510,695
2,956,145
3,429,986
1,262,708

3,360,134
2,882,959
3,289,020
1,150,952

4.5
2.5
4.3
9.7

2.7

-0.9

282,723

263,263

238,169

206,266

1,704,660

1,575,165

8.2

2.0
3.6
1.1
-1.1
2.5
5.0
-5.5

2.6
3.1
2.1
4.2
0.5
-1.0
1.6

27,406
11,258
14,490
1,658
30,332
36,769
4,287

28,220
11,823
14,570
1,827
31,139
40,214
4,908

27,721
11,360
14,511
1,850
31,014
37,439
5,310

24,903
10,251
13,020
1,632
28,606
33,876
3,919

192,072
80,016
99,442
12,614
210,699
263,983
36,647

180,881
76,753
92,020
12,108
212,043
244,938
32,488

6.2
4.3
8.1
4.2
-0.6
7.8
12.8

8.6
14.8
16.5

0.5
2.9
-15.5

-11.0
-6.6
-3.7

2,292
5,363
643

2,304
5,221
507

2,059
4,637
683

2,296
3,823
821

16,063
33,355
4,475

16,447
25,710
5,100

-2.3
29.7
-12.3

3,785
3,084

-2.1
2.8

-0.7
4.7

-0.6
-2.2

3,881
3,282

4,834
3,304

4,292
2,999

3,917
3,066

27,130
21,893

25,910
20,443

4.7
7.1

5,015
3,440
22,688
688

4,250
2,847
21,849
816

-8.7
-6.8
-1.7
-14.7

18.0
20.8
3.8
-15.7

6.3
-2.4
-1.3
102.0

4,382
2,932
19,466
480

5,368
3,391
26,352
866

4,303
2,840
20,363
767

4,175
2,581
18,555
379

30,767
21,597
150,207
3,470

29,164
20,206
145,043
3,699

5.5
6.9
3.6
-6.2

3,393
368
3,766

3,217
343
3,584

11.2
-3.5
0.4

5.5
7.3
5.1

-15.2
-27.6
1.7

3,113
279
3,801

3,697
419
4,011

3,098
277
3,569

3,066
311
3,681

25,653
2,373
24,954

27,327
2,547
24,360

-6.1
-6.8
2.4

1,695

1,900

1,753

-10.8

8.4

10.8

1,587

2,184

1,649

1,560

12,103

11,286

7.2

2,703

3,054

2,975

-11.5

2.7

-0.1

2,208

3,615

2,505

2,451

18,739

17,594

6.5

2014/
2013

6,816

6,828

6,563

-0.2

4.0

-2.2

6,163

8,014

6,314

5,473

46,568

43,417

7.3

10,399
902
1,794
3,495
133,002

10,918
879
1,832
3,507
76,401

10,320
886
1,762
3,383
74,748

-4.8
2.6
-2.1
-0.3
74.1

5.8
-0.8
4.0
3.7
2.2

-3.7
-2.0
-2.1
1.0
-2.6

9,867
847
1,721
3,341
120,427

11,911
915
1,870
4,024
84,941

10,735
849
1,917
3,546
71,781

9,734
766
1,624
3,220
55,034

73,944
6,002
12,219
24,562
554,550

73,003
5,636
11,466
24,000
477,175

1.3
6.5
6.6
2.3
16.2

22,803
70,259
4,206
2,367
5,730

21,247
16,836
5,931
1,197
5,802

21,067
15,141
5,418
1,963
5,687

7.3
317.3
-29.1
97.7
-1.2

0.9
11.2
9.5
-39.0
2.0

1.0
-2.9
17.3
-63.7
-0.7

19,717
69,201
3,283
1,827
5,787

22,014
18,041
7,451
2,262
5,934

22,169
12,190
4,080
2,025
5,855

16,355
10,838
3,835
1,409
5,686

146,800
148,584
30,386
18,984
40,553

133,525
99,877
25,462
13,442
39,553

9.9
48.8
19.3
41.2
2.5

258,092

260,369

259,207

-0.9

0.4

-0.2

260,118

264,249

267,827

260,380

1,806,035

1,784,969

1.2

Preliminary

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

Revised data due to late receipts and concurrent seasonal adjustment.

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

2013

Data on new orders are not available for the semiconductor industry. Estimates and percent changes for new orders exclude semiconductor industry data.

Note: 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/>.

Table 3. Value of Manufacturers' Unfilled Orders for Industry Groups1


[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

% Change
July

Industry

July
2014p

June
2014r

All manufacturing industries2.......


2
Excluding transportation .
Excluding defense2.....

1,158,161
419,813
967,517

1,099,238
417,415
907,541

1,088,072
411,874
897,963

5.4
0.6
6.6

1.0
1.3
1.1

Durable goods industries2...

1,158,161

1,099,238

1,088,072

5.4

39,388
19,970
15,168
4,250
86,466
119,519
16,106

38,919
19,786
14,840
4,293
85,987
118,502
16,082

38,000
19,139
14,546
4,315
85,439
115,942
15,378

1.2
0.9
2.2
-1.0
0.6
0.9
0.1

14,081
8,594
3,780

14,172
8,638
3,790

14,402
8,650
3,932

6,136
5,997

6,172
5,890

29,425
11,504
142,351
3,835

Primary metals.
Iron and steel mills....
Aluminum and nonferrous metals.
Ferrous metal foundries......
Fabricated metal products.
Machinery.
Construction machinery....
Mining, oil field, and
gas field machinery.....
Industrial machinery..
Photographic equipment...
Ventilation, heating, air-conditioning,
and refrigeration equipment.
Metalworking machinery.........
Turbines, generators, and other
power transmission equipment...
Material handling equipment.
2
Computers and electronic products .
Computers.....
Nondefense communications
equipment..
Defense communications equipment..
Electronic components..
Nondefense search and navigation
equipment......
Defense search and navigation
equipment.........
Electromedical, measuring,
and control instruments.......
Electrical equipment, appliances,
and components...
Electric lighting equipment......
Household appliances...
Electrical equipment..
Transportation equipment.
Motor vehicle bodies, parts,
and trailers........
Nondefense aircraft and parts....
Defense aircraft and parts......
Ships and boats....
Furniture and related products....
r

May
2014

June July

May June

Apr. May

July
p
2014

June
2014r

May
2014

0.7
0.6
0.7

1,159,036
422,442
967,212

1,102,290
421,178
907,821

1,090,832
418,101
902,057

1,031,232
397,681
831,614

1.0

0.7

1,159,036

1,102,290

1,090,832

1,031,232

12.4

2.4
3.4
2.0
-0.5
0.6
2.2
4.6

1.7
2.8
0.5
1.0
0.4
0.5
5.6

39,405
19,995
15,164
4,246
87,566
120,096
16,029

39,174
19,984
14,893
4,297
87,299
119,289
16,314

38,796
19,536
14,840
4,420
87,863
117,450
16,007

35,545
17,782
13,624
4,139
89,562
106,778
9,669

10.9
12.4
11.3
2.6
-2.2
12.5
65.8

-0.6
-0.5
-0.3

-1.6
-0.1
-3.6

-2.6
-0.4
-1.4

14,375
8,807
3,835

14,256
8,842
3,769

14,326
8,823
3,979

13,950
8,264
3,962

3.0
6.6
-3.2

6,110
5,860

-0.6
1.8

1.0
0.5

0.9
-1.2

6,190
5,977

6,427
5,865

6,331
5,920

5,169
6,005

19.8
-0.5

28,878
11,302
141,821
3,707

27,869
10,802
140,910
3,513

1.9
1.8
0.4
3.5

3.6
4.6
0.6
5.5

1.0
-1.3
0.4
10.9

29,428
11,569
142,597
3,835

28,894
11,522
142,320
3,707

27,776
11,103
141,581
3,513

26,545
10,987
135,602
3,424

10.9
5.3
5.2
12.0

34,568
3,395
12,852

34,191
3,508
12,865

34,272
3,502
12,820

1.1
-3.2
-0.1

-0.2
0.2
0.4

-0.4
0.0
0.2

34,430
3,394
12,846

34,214
3,552
12,812

34,724
3,489
12,889

29,469
4,093
13,004

16.8
-17.1
-1.2

20,327

19,981

19,455

1.7

2.7

2.0

20,544

20,181

19,522

16,683

23.1

41,234

41,387

41,244

-0.4

0.3

0.2

41,287

41,596

41,174

43,175

-4.4

26,140

26,182

26,104

-0.2

0.3

-0.6

26,261

26,258

26,270

25,754

2.0

24,499
1,161
855
12,145
738,348

24,556
1,140
879
12,018
681,823

24,043
1,135
844
11,895
676,198

-0.2
1.8
-2.7
1.1
8.3

2.1
0.4
4.1
1.0
0.8

0.5
0.7
2.7
0.7
0.7

24,799
1,165
841
12,337
736,594

25,042
1,170
853
12,191
681,112

24,422
1,136
887
12,091
672,731

22,472
1,208
721
11,464
633,551

10.4
-3.6
16.6
7.6
16.3

16,809
565,694
64,111
19,946
6,476

16,779
508,738
64,477
20,042
6,518

16,650
504,779
62,961
21,241
6,443

0.2
11.2
-0.6
-0.5
-0.6

0.8
0.8
2.4
-5.6
1.2

0.8
0.8
1.3
-1.2
1.2

16,531
563,233
64,159
20,696
6,865

16,782
505,737
64,696
21,171
6,942

16,796
502,712
62,230
21,529
6,892

16,365
457,064
66,497
20,995
6,629

1.0
23.2
-3.5
-1.4
3.6

Preliminary

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

Revised data due to late receipts and concurrent seasonal adjustment.

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

Data on unfilled orders are not available for the semiconductor industry. Estimates and percent changes for unfilled orders exclude semiconductor industry data.

See note at end of Table 2 relating to survey error and revision.

July
2013

2014/
2013
12.4
6.2
16.3

Table 4. Value of Manufacturers' Inventories for Industry Groups1


[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

% Change
July

Industry

July
2014p

May
2014

June July

All manufacturing industries.......


Excluding transportation...
Excluding defense.....
With unfilled orders.....

653,831
524,298
624,676
329,501

652,952
524,023
623,573
327,562

651,939
524,110
623,012
326,061

Durable goods industries...

401,536

399,598

397,981

0.5

10,762
12,070
36,705
21,052
13,379
2,274
49,628
67,590
4,007
5,077

10,668
12,234
36,431
20,951
13,205
2,275
49,329
67,149
4,018
4,997

10,580
12,165
36,201
20,774
13,177
2,250
49,106
66,773
3,907
4,806

0.9
-1.3
0.8
0.5
1.3
0.0
0.6
0.7
-0.3
1.6

6,570
6,749
1,533

6,474
6,737
1,522

6,946
6,663
1,516

1.5
0.2
0.7

5,014
5,639

4,988
5,603

4,924
5,551

10,779
4,703
48,256
912
2,089
1,699

10,748
4,683
48,459
895
1,997
1,706

6,487
1,163
845
8,849

Wood products.......
Nonmetallic mineral products...
Primary metals..
Iron and steel mills....
Aluminum and nonferrous metals
Ferrous metal foundries......
Fabricated metal products.
Machinery.
Farm machinery....
Construction machinery....
Mining, oil field,
and gas field machinery.....
Industrial machinery..
Photographic equipment..
Ventilation, heating, air-conditioning,
and refrigeration equipment
Metalworking machinery.........
Turbines, generators, and other
power transmission equipment...
Material handling equipment
Computers and electronic products2
Computers.....
Computer storage devices..
Other peripheral equipment.
Nondefense communications
equipment..
Defense communications equipment..
Audio and video equipment.....
Electronic components..
Nondefense search and navigation
equipment.....
Defense search and navigation
equipment.........
Electromedical, measuring
and control instruments..........
Electrical equipment, appliances,
and components...
Electric lighting equipment......
Household appliances...
Electrical equipment..
Batteries........
Transportation equipment.
Automobiles...
Light trucks and utility vehicles..
Heavy duty trucks ....
Motor vehicle bodies, parts,
and trailers........
Nondefense aircraft and parts....
Defense aircraft and parts......
Ships and boats....
Furniture and related products..
Miscellaneous durable goods...

June
2014r

0.1
0.1
0.2
0.6

May June
0.2
0.0
0.1
0.5

Apr. May

July
p
2014

June
2014r

May
2014

July
2013

2014/
2013

0.8
0.8
0.9
1.0

656,465
525,852
627,142
332,613

648,157
520,287
618,794
325,930

656,893
527,867
627,974
329,258

632,257
514,009
603,694
313,384

3.8
2.3
3.9
6.1

0.4

1.0

404,564

397,053

401,478

381,955

5.9

0.8
0.6
0.6
0.9
0.2
1.1
0.5
0.6
2.8
4.0

-0.1
0.8
1.0
1.3
0.7
0.5
0.5
0.9
1.0
-0.4

10,586
12,128
36,868
21,163
13,464
2,241
50,167
67,880
3,850
5,010

10,467
12,391
36,439
21,012
13,191
2,236
49,340
66,408
4,041
4,982

10,466
12,407
36,325
20,789
13,253
2,283
49,613
67,508
3,981
4,803

9,745
11,604
35,093
20,237
12,646
2,210
47,842
66,123
3,699
5,295

8.6
4.5
5.1
4.6
6.5
1.4
4.9
2.7
4.1
-5.4

-6.8
1.1
0.4

0.8
2.7
-1.2

6,643
6,694
1,583

6,487
6,734
1,496

7,068
6,755
1,497

7,255
6,252
1,648

-8.4
7.1
-3.9

0.5
0.6

1.3
0.9

0.5
1.3

5,139
5,707

5,046
5,620

5,240
5,537

4,953
5,551

3.8
2.8

10,753
4,651
48,680
893
1,942
1,748

0.3
0.4
-0.4
1.9
4.6
-0.4

0.0
0.7
-0.5
0.2
2.8
-2.4

1.2
0.0
2.3
-2.3
-2.6
-1.5

11,037
4,812
48,866
942
2,135
1,724

10,229
4,683
47,861
883
1,851
1,663

10,940
4,606
49,063
914
2,010
1,825

10,647
4,613
47,224
1,033
1,967
1,659

3.7
4.3
3.5
-8.8
8.5
3.9

6,600
1,198
811
8,878

6,610
1,185
797
8,782

-1.7
-2.9
4.2
-0.3

-0.2
1.1
1.8
1.1

0.9
-0.7
4.2
1.7

6,469
1,163
857
8,957

6,505
1,198
755
8,680

6,566
1,185
733
8,819

6,114
1,244
674
7,892

5.8
-6.5
27.2
13.5

3,791

3,782

3,735

0.2

1.3

0.7

3,821

3,729

3,736

3,625

5.4

3,222

3,168

3,153

1.7

0.5

0.8

3,297

3,191

3,299

3,265

1.0

12,822

12,791

12,781

0.2

0.1

0.5

13,019

12,724

13,049

12,483

4.3

16,609
2,270
1,999
4,803
1,225
129,533
2,824
2,802
1,548

16,199
2,266
2,000
4,775
1,208
128,929
2,726
2,833
1,615

16,593
2,266
1,986
4,796
1,177
127,829
2,588
2,805
1,675

2.5
0.2
-0.1
0.6
1.4
0.5
3.6
-1.1
-4.1

-2.4
0.0
0.7
-0.4
2.6
0.9
5.3
1.0
-3.6

0.0
1.0
1.8
-0.4
1.1
1.2
-8.0
0.7
-1.6

16,839
2,352
2,049
4,868
1,226
130,613
2,856
2,813
1,517

16,177
2,269
1,998
4,703
1,200
127,870
2,546
2,615
1,573

16,884
2,295
2,002
4,900
1,216
129,026
2,556
2,788
1,680

17,118
2,133
1,838
4,942
1,185
118,248
2,478
2,377
1,756

-1.6
10.3
11.5
-1.5
3.5
10.5
15.3
18.3
-13.6

19,449
73,311
14,415
2,292
6,219
24,164

19,416
72,478
14,199
2,384
6,214
23,986

19,244
72,177
14,224
2,295
6,185
23,869

0.2
1.1
1.5
-3.9
0.1
0.7

0.9
0.4
-0.2
3.9
0.5
0.5

0.4
2.2
0.4
-3.5
0.5
0.5

19,681
73,860
14,546
2,231
6,409
24,208

19,161
72,266
14,221
2,384
6,381
23,719

19,208
73,633
14,293
2,222
6,252
23,934

18,615
64,088
14,061
2,358
6,157
22,801

5.7
15.2
3.4
-5.4
4.1
6.2

Nondurable goods industries.

252,295

253,354

253,958

-0.4

-0.2

0.6

251,901

251,104

255,415

250,302

0.6

Food products....
Grain and oilseed milling......
Dairy products......
Meat, poultry, and seafood products.
Beverage and tobacco products.
Beverages.....
Tobacco........
Textile mills..
Textile products..
Apparel....
Leather and allied products..
Paper products...
Pulp, paper, and paperboard mills.....
Paperboard containers....
Printing.....
Petroleum and coal products
Petroleum refineries.....
Chemical products....
Pesticides, fertilizers, and other
agricultural chemicals......
Pharmaceuticals and medicines..
Paints, coatings, and adhesives.....
Plastics and rubber products...

47,559
4,923
6,430
9,418
20,827
16,596
4,231
3,406
3,154
2,762
1,070
14,540
6,032
4,384
5,883
48,895
45,089
81,775

47,552
4,990
6,420
9,402
20,846
16,617
4,229
3,433
3,131
2,700
1,070
14,547
6,072
4,352
5,858
49,989
46,254
81,805

47,265
5,029
6,288
9,372
20,677
16,454
4,223
3,446
3,153
2,643
1,059
14,432
6,018
4,330
5,862
50,187
46,449
82,413

0.0
-1.3
0.2
0.2
-0.1
-0.1
0.0
-0.8
0.7
2.3
0.0
0.0
-0.7
0.7
0.4
-2.2
-2.5
0.0

0.6
-0.8
2.1
0.3
0.8
1.0
0.1
-0.4
-0.7
2.2
1.0
0.8
0.9
0.5
-0.1
-0.4
-0.4
-0.7

0.4
-0.5
0.9
0.7
-0.1
-0.3
0.7
0.0
-0.3
2.1
0.2
0.1
-0.1
1.9
0.7
1.6
1.7
0.3

46,920
4,675
6,710
9,418
20,056
16,094
3,962
3,429
3,161
2,902
1,084
14,568
6,041
4,368
6,006
48,968
45,100
82,376

46,152
4,794
6,694
9,221
20,281
16,234
4,047
3,472
3,151
2,732
1,081
14,490
6,045
4,325
5,856
49,234
45,472
82,192

45,873
4,717
6,571
9,202
20,458
16,339
4,119
3,488
3,191
2,589
1,065
14,479
6,081
4,320
5,815
51,454
47,624
83,919

46,850
5,068
6,374
9,074
19,412
15,617
3,795
3,365
3,066
2,284
1,072
14,507
6,149
4,140
5,605
48,901
45,165
82,913

0.1
-7.8
5.3
3.8
3.3
3.1
4.4
1.9
3.1
27.1
1.1
0.4
-1.8
5.5
7.2
0.1
-0.1
-0.6

4,323
31,117
3,389
22,424

4,336
31,388
3,368
22,423

4,411
31,765
3,362
22,821

-0.3
-0.9
0.6
0.0

-1.7
-1.2
0.2
-1.7

-1.2
0.5
0.3
0.8

4,013
31,367
3,452
22,431

3,994
31,993
3,445
22,463

4,233
32,550
3,464
23,084

3,965
32,094
3,319
22,327

1.2
-2.3
4.0
0.5

Preliminary

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.
2
Estimates of inventories for the semiconductor industry data are included in computers and electronic products and all other applicable aggregate totals, but are not shown separately.
See note at end of Table 2 relating to survey error and revision.

Table 5. Value of Manufacturers' Shipments, New Orders, Unfilled Orders, and Total Inventories for
Topical Series1, 2
[Estimates are shown in millions of dollars and are based on data from the Manufacturers' Shipments, Inventories, and Orders Survey.]
Seasonally Adjusted
Monthly

Not Seasonally Adjusted

Percent Change

Monthly

Year to date
% Change6

Industry

July
2014

June
p

2014r

May
2014

June July

May June

Apr. May

July
2014

June
p

2014r

May
2014

July
2013

2014

2014/
2013

2013

SHIPMENTS
All manufacturing industries....

507,362

501,319

497,309

1.2

0.8

-0.1

496,460

522,242

510,873

475,206

3,465,501

3,367,698

2.9

Construction materials and supplies.


Information technology.
Computers and related products..
Motor vehicle and parts.

46,186
21,999
2,335
51,019

45,720
22,106
2,452
46,167

45,026
21,715
2,333
46,706

1.0
-0.5
-4.8
10.5

1.5
1.8
5.1
-1.2

0.5
-0.1
-3.4
1.5

48,590
19,401
1,582
42,846

50,217
25,852
3,537
48,528

48,042
21,046
1,937
49,165

45,190
18,686
1,482
36,670

313,901
147,776
14,990
322,757

300,042
145,482
14,830
307,440

4.6
1.6
1.1
5.0

Capital goods........
3
Nondefense capital goods
Excluding aircraft..
Defense capital goods4...

88,688
79,120
69,905
9,568

87,528
78,117
68,937
9,411

85,287
75,792
68,280
9,495

1.3
1.3
1.4
1.7

2.6
3.1
1.0
-0.9

-1.0
-1.0
0.1
-1.5

82,764
74,315
66,203
8,449

96,679
86,540
75,788
10,139

85,519
75,959
68,948
9,560

76,966
68,718
61,620
8,248

594,165
529,176
473,718
64,989

571,858
505,496
454,683
66,362

3.9
4.7
4.2
-2.1

Consumer goods....
Consumer durable goods...
Consumer nondurable goods.

214,764
39,546
175,218

214,022
36,226
177,796

214,049
37,058
176,991

0.3
9.2
-1.4

0.0
-2.2
0.5

-0.1
1.5
-0.4

209,797
33,227
176,570

216,697
38,079
178,618

220,079
38,640
181,439

207,582
29,931
177,651

1,479,321
254,607
1,224,714

1,453,907
248,612
1,205,295

1.7
2.4
1.6

NEW ORDERS
All manufacturing industries5....

558,312

505,210

497,544

10.5

1.5

-0.6

542,841

527,512

505,996

466,646

3,510,695

3,360,134

4.5

Construction materials and supplies.


Information technology.
Computers and related products..
Motor vehicle and parts.

46,630
22,351
2,463
51,049

46,337
23,180
2,646
46,296

45,592
22,177
2,677
46,839

0.6
-3.6
-6.9
10.3

1.6
4.5
-1.2
-1.2

0.4
-3.3
13.4
1.7

49,005
19,338
1,710
42,595

50,293
26,978
3,731
48,514

49,065
20,922
2,281
49,182

45,473
18,954
1,501
36,381

319,502
154,289
15,436
322,772

302,038
151,377
15,027
307,020

5.8
1.9
2.7
5.1

Capital goods........
Nondefense capital goods3
Excluding aircraft..
Defense capital goods4...

144,648
136,094
72,435
8,554

94,856
84,734
72,944
10,122

90,391
80,658
69,237
9,733

52.5
60.6
-0.7
-15.5

4.9
5.1
5.4
4.0

-5.2
-2.3
-1.4
-24.0

136,413
130,276
67,987
6,137

105,830
91,407
78,528
14,423

85,984
78,777
69,171
7,207

76,874
70,429
62,238
6,445

674,271
609,135
494,817
65,136

607,503
549,790
474,956
57,713

11.0
10.8
4.2
12.9

Consumer goods....
Consumer durable goods...
Consumer nondurable goods..

214,651
39,433
175,218

214,152
36,356
177,796

214,148
37,157
176,991

0.2
8.5
-1.4

0.0
-2.2
0.5

-0.1
1.4
-0.4

209,738
33,168
176,570

216,621
38,003
178,618

220,108
38,669
181,439

207,712
30,061
177,651

1,479,576
254,862
1,224,714

1,454,215
248,920
1,205,295

1.7
2.4
1.6

UNFILLED ORDERS
5
All manufacturing industries ....

1,158,161

1,099,238

1,088,072

5.4

1.0

0.7

1,159,036

1,102,290

1,090,832

1,031,232

(X)

(X)

12.4

Construction materials and supplies.


Information technology.
Computers and related products..
Motor vehicle and parts.

55,742
143,617
3,835
16,809

55,298
143,265
3,707
16,779

54,681
142,191
3,513
16,650

0.8
0.2
3.5
0.2

1.1
0.8
5.5
0.8

1.0
0.3
10.9
0.8

56,502
144,042
3,835
16,531

56,087
144,105
3,707
16,782

56,011
142,979
3,513
16,796

51,664
135,639
3,424
16,365

(X)
(X)
(X)
(X)

(X)
(X)
(X)
(X)

9.4
6.2
12.0
1.0

Capital goods........
Nondefense capital goods3
Excluding aircraft..
Defense capital goods4...

884,396
724,917
248,194
159,479

828,436
667,943
245,664
160,493

821,108
661,326
241,657
159,782

6.8
8.5
1.0
-0.6

0.9
1.0
1.7
0.4

0.6
0.7
0.4
0.1

884,551
723,830
249,744
160,721

830,902
667,869
247,960
163,033

821,751
663,002
245,220
158,749

776,859
607,565
228,112
169,294

(X)
(X)
(X)
(X)

(X)
(X)
(X)
(X)

13.9
19.1
9.5
-5.1

Consumer goods....
Consumer durable goods...

4,791
4,791

4,904
4,904

4,774
4,774

-2.3
-2.3

2.7
2.7

2.1
2.1

4,788
4,788

4,847
4,847

4,923
4,923

4,381
4,381

(X)
(X)

(X)
(X)

9.3
9.3

TOTAL INVENTORIES
All manufacturing industries....

653,831

652,952

651,939

0.1

0.2

0.8

656,465

648,157

656,893

632,257

(X)

(X)

3.8

Construction materials and supplies.


Information technology.
Computers and related products..
Motor vehicle and parts.

64,666
41,087
4,700
26,623

64,623
40,632
4,598
26,590

64,358
40,940
4,583
26,312

0.1
1.1
2.2
0.1

0.4
-0.8
0.3
1.1

0.5
0.1
-2.1
-0.6

65,132
41,563
4,801
26,867

64,639
40,209
4,397
25,895

65,155
41,502
4,749
26,232

61,901
40,941
4,659
25,226

(X)
(X)
(X)
(X)

(X)
(X)
(X)
(X)

5.2
1.5
3.0
6.5

Capital goods........
3
Nondefense capital goods
Excluding aircraft..
4
Defense capital goods ...

207,605
183,838
122,442
23,767

205,732
181,719
121,492
24,013

205,198
181,619
121,498
23,579

0.9
1.2
0.8
-1.0

0.3
0.1
0.0
1.8

1.2
1.4
0.5
0.0

209,036
185,232
123,336
23,804

204,687
180,712
120,369
23,975

207,841
184,339
122,734
23,502

195,895
172,791
120,242
23,104

(X)
(X)
(X)
(X)

(X)
(X)
(X)
(X)

6.7
7.2
2.6
3.0

Consumer goods....
Consumer durable goods...
Consumer nondurable goods.

190,433
26,987
163,446

191,634
26,833
164,801

191,293
26,504
164,789

-0.6
0.6
-0.8

0.2
1.2
0.0

0.6
-0.1
0.7

189,535
27,022
162,513

188,765
26,078
162,687

191,571
26,393
165,178

186,587
24,526
162,061

(X)
(X)
(X)

(X)
(X)
(X)

1.6
10.2
0.3

X Not Applicable

Preliminary

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.

Topical series are regroupings of the separate industry categories.

Nondefense capital goods industries include: 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 industries include: small arms and ordnance; communications equipment; aircraft; missiles, space vehicles, and parts; ships and boats;
and search and navigation equipment.

Estimates and percent changes exclude semiconductor industry data.

Based on year-to-date for shipments and new orders, but on same month prior year for unfilled orders and inventories.

See note at end of Table 2 relating to survey error and revision.

Table 6. Value of Manufacturers' Inventories, by Stage of Fabrication, by Industry Group1


[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

% Change
July

Industry

July
p
2014

June
2014r

May
2014

June July

May June

Apr. May

July
p
2014

June
2014r

May
2014

July
2013

2014/
2013

MATERIALS AND SUPPLIES


All manufacturing industries..............
Durable goods industries.......................
Wood products..
Nonmetallic mineral products..
Primary metals...
Fabricated metal products
Machinery
Computers and electronic products..
Electrical equipment, appliances,
and components.
Transportation equipment
Furniture and related products
Miscellaneous products....
Nondurable goods industries................
Food products..................
Beverage and tobacco products.................
Textiles............................
Textile products.....
Apparel...
Leather and allied products..
Paper products............
Printing ......
Petroleum and coal products..
Chemical products..
Plastics and rubber products...

212,412

211,415

211,313

0.5

0.0

0.9

212,971

208,957

211,693

202,667

5.1

131,593
4,089
4,461
14,223
18,007
25,638
19,579

130,422
4,063
4,576
14,076
17,956
25,242
19,390

129,878
3,987
4,539
14,064
17,901
25,430
19,370

0.9
0.6
-2.5
1.0
0.3
1.6
1.0

0.4
1.9
0.8
0.1
0.3
-0.7
0.1

1.2
0.2
0.6
1.8
0.9
1.3
2.5

132,220
3,996
4,488
14,229
18,213
26,051
19,829

128,692
3,833
4,594
13,981
17,849
25,078
19,095

129,774
3,719
4,553
13,850
17,875
25,654
19,539

124,118
3,722
4,370
14,065
17,307
24,817
18,483

6.5
7.4
2.7
1.2
5.2
5.0
7.3

6,741
28,259
3,045
7,551

6,489
28,127
3,039
7,464

6,751
27,557
2,984
7,295

3.9
0.5
0.2
1.2

-3.9
2.1
1.8
2.3

-0.6
0.9
1.1
0.8

6,844
27,873
3,104
7,593

6,536
27,215
3,079
7,432

6,876
27,363
2,997
7,348

7,323
23,963
2,859
7,209

-6.5
16.3
8.6
5.3

80,819
16,433
5,236
1,205
1,320
908
304
6,982
2,552
12,878
23,867
9,134

80,993
16,582
5,285
1,216
1,313
882
300
6,962
2,535
12,875
23,954
9,089

81,435
16,471
5,262
1,225
1,315
859
303
6,915
2,564
13,012
24,413
9,096

-0.2
-0.9
-0.9
-0.9
0.5
2.9
1.3
0.3
0.7
0.0
-0.4
0.5

-0.5
0.7
0.4
-0.7
-0.2
2.7
-1.0
0.7
-1.1
-1.1
-1.9
-0.1

0.5
-0.5
-0.6
-0.4
0.5
2.4
1.0
0.2
0.9
-0.2
1.6
1.0

80,751
16,292
5,000
1,220
1,331
919
309
6,951
2,592
12,816
24,122
9,199

80,265
16,095
5,150
1,242
1,326
896
302
6,870
2,524
12,788
23,993
9,079

81,919
15,988
5,224
1,243
1,337
857
306
6,874
2,512
13,685
24,732
9,161

78,549
16,193
5,038
1,216
1,211
724
321
6,752
2,508
12,353
23,514
8,719

2.8
0.6
-0.8
0.3
9.9
26.9
-3.7
2.9
3.3
3.7
2.6
5.5

213,456

213,372

212,407

0.0

0.5

1.4

214,274

211,818

214,661

202,998

5.6

160,968
2,055
1,390
10,898
14,013
19,585
16,226

160,527
2,050
1,400
10,741
13,838
19,964
16,274

159,468
1,998
1,389
10,681
13,686
19,270
16,427

0.3
0.2
-0.7
1.5
1.3
-1.9
-0.3

0.7
2.6
0.8
0.6
1.1
3.6
-0.9

1.4
1.2
1.5
0.0
0.6
1.7
2.8

163,011
2,062
1,417
11,070
14,155
19,658
16,488

160,297
2,063
1,432
10,802
13,767
19,686
16,192

161,544
2,018
1,423
10,846
13,806
19,429
16,610

153,278
1,784
1,349
10,579
13,604
18,968
16,197

6.3
15.6
5.0
4.6
4.1
3.6
1.8

3,649
88,412
1,007
3,733

3,588
87,993
1,000
3,679

3,667
87,612
993
3,745

1.7
0.5
0.7
1.5

-2.2
0.4
0.7
-1.8

-0.3
1.5
1.1
-1.5

3,693
89,674
1,026
3,768

3,571
88,099
1,013
3,672

3,751
88,896
997
3,768

3,808
82,419
999
3,571

-3.0
8.8
2.7
5.5

52,488
5,092
7,230
765
438
376
93
1,399
1,326
14,579
18,553
2,637

52,845
4,991
7,200
765
439
375
96
1,385
1,316
15,084
18,551
2,643

52,939
4,905
7,191
765
436
372
97
1,383
1,304
15,448
18,338
2,700

-0.7
2.0
0.4
0.0
-0.2
0.3
-3.1
1.0
0.8
-3.3
0.0
-0.2

-0.2
1.8
0.1
0.0
0.7
0.8
-1.0
0.1
0.9
-2.4
1.2
-2.1

1.5
3.4
0.2
-0.6
-0.7
1.4
-4.0
-0.9
3.4
3.9
-0.1
0.8

51,263
4,448
6,458
775
439
407
92
1,414
1,353
14,644
18,585
2,648

51,521
4,348
6,623
768
436
398
90
1,389
1,237
14,663
18,926
2,643

53,117
4,363
6,942
775
439
374
99
1,396
1,225
15,846
18,930
2,728

49,720
4,029
6,148
752
429
342
103
1,438
1,247
14,419
18,153
2,660

3.1
10.4
5.0
3.1
2.3
19.0
-10.7
-1.7
8.5
1.6
2.4
-0.5

WORK IN PROCESS
All manufacturing industries..............
Durable goods industries.......................
Wood products..
Nonmetallic mineral products..
Primary metals...
Fabricated metal products
Machinery
Computers and electronic products..
Electrical equipment, appliances,
and components.
Transportation equipment
Furniture and related products
Miscellaneous products....
Nondurable goods industries................
Food products..................
Beverage and tobacco products.................
Textiles............................
Textile products.....
Apparel...
Leather and allied products..
Paper products............
Printing ......
Petroleum and coal products..
Chemical products..
Plastics and rubber products...

FINISHED GOODS
All manufacturing industries..............

227,963

228,165

228,219

-0.1

0.0

0.3

229,220

227,382

230,539

226,592

1.2

Durable goods industries.......................


Wood products..
Nonmetallic mineral products..
Primary metals...
Fabricated metal products
Machinery
Computers and electronic products..
Electrical equipment, appliances,
and components.
Transportation equipment
Furniture and related products
Miscellaneous products....

108,975
4,618
6,219
11,584
17,608
22,367
12,451

108,649
4,555
6,258
11,614
17,535
21,943
12,795

108,635
4,595
6,237
11,456
17,519
22,073
12,883

0.3
1.4
-0.6
-0.3
0.4
1.9
-2.7

0.0
-0.9
0.3
1.4
0.1
-0.6
-0.7

0.3
-1.0
0.8
0.9
-0.1
-0.2
1.5

109,333
4,528
6,223
11,569
17,799
22,171
12,549

108,064
4,571
6,365
11,656
17,724
21,644
12,574

110,160
4,729
6,431
11,629
17,932
22,425
12,914

104,559
4,239
5,885
10,449
16,931
22,338
12,544

4.6
6.8
5.7
10.7
5.1
-0.7
0.0

6,219
12,862
2,167
12,880

6,122
12,809
2,175
12,843

6,175
12,660
2,208
12,829

1.6
0.4
-0.4
0.3

-0.9
1.2
-1.5
0.1

0.9
-0.6
-0.5
0.9

6,302
13,066
2,279
12,847

6,070
12,556
2,289
12,615

6,257
12,767
2,258
12,818

5,987
11,866
2,299
12,021

5.3
10.1
-0.9
6.9

Nondurable goods industries................


Food products..................
Beverage and tobacco products.................
Textiles............................
Textile products.....
Apparel...
Leather and allied products..
Paper products............
Printing ......
Petroleum and coal products..
Chemical products..
Plastics and rubber products...

118,988
26,034
8,361
1,436
1,396
1,478
673
6,159
2,005
21,438
39,355
10,653

119,516
25,979
8,361
1,452
1,379
1,443
674
6,200
2,007
22,030
39,300
10,691

119,584
25,889
8,224
1,456
1,402
1,412
659
6,134
1,994
21,727
39,662
11,025

-0.4
0.2
0.0
-1.1
1.2
2.4
-0.1
-0.7
-0.1
-2.7
0.1
-0.4

-0.1
0.3
1.7
-0.3
-1.6
2.2
2.3
1.1
0.7
1.4
-0.9
-3.0

0.2
0.4
0.0
0.7
-0.8
2.1
0.5
0.3
-1.2
1.1
-0.4
0.6

119,887
26,180
8,598
1,434
1,391
1,576
683
6,203
2,061
21,508
39,669
10,584

119,318
25,709
8,508
1,462
1,389
1,438
689
6,231
2,095
21,783
39,273
10,741

120,379
25,522
8,292
1,470
1,415
1,358
660
6,209
2,078
21,923
40,257
11,195

122,033
26,628
8,226
1,397
1,426
1,218
648
6,317
1,850
22,129
41,246
10,948

-1.8
-1.7
4.5
2.6
-2.5
29.4
5.4
-1.8
11.4
-2.8
-3.8
-3.3

Preliminary

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

Revised data due to late receipts and concurrent seasonal adjustment.

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.
See note at end of Table 2 relating to survey error and revisions.

Table 7. Ratios of Manufacturers' Inventories to Shipments and Unfilled Orders


to Shipments, by Industry Group 1
[Based on Seasonally Adjusted data from the Manufacturers' Shipments, Inventories, and Orders Survey.]
Inventory/Shipments ratio
Jul

Industry

2014

Jun
p

2014

May
2014

Unfilled Orders/Shipments ratio

Apr
2014

Jul

Jun

2014p

2014

May
2014

Apr
2014

1.29

1.30

1.31

1.30

(X)

(X)

(X)

(X)

Durable goods industries .............


Wood products....
Nonmetallic mineral products.
Primary metals.
Fabricated metal products
Machinery.....
3
Computers and electronic products .
Electrical equipment, appliances,
and components....
Transportation equipment
Furniture and related products
Miscellaneous products.

1.61
1.26
1.32
1.34
1.64
1.83
1.62

1.66
1.25
1.35
1.35
1.64
1.88
1.67

1.67
1.28
1.36
1.35
1.66
1.86
1.71

1.65
1.31
1.33
1.35
1.66
1.84
1.65

6.64
(X)
(X)
1.43
2.95
3.45
7.42

6.47
(X)
(X)
1.44
2.95
3.53
7.43

6.52
(X)
(X)
1.42
2.97
3.46
7.53

6.47
(X)
(X)
1.41
2.98
3.43
7.55

1.59
1.69
1.08
1.66

1.56
1.82
1.09
1.66

1.63
1.83
1.10
1.64

1.63
1.81
1.08
1.63

2.59
15.31
1.33
(X)

2.61
14.91
1.35
(X)

2.62
15.38
1.36
(X)

2.61
15.04
1.32
(X)

Nondurable goods industries..


Food products.
Beverage and tobacco products.
Textiles.....
Textile products..
Apparel......
Leather and allied products..
Paper products....
Printing......
Petroleum and coal products
Chemical products..
Plastics and rubber products

0.98
0.72
1.71
1.24
1.52
2.19
2.17
1.00
0.90
0.69
1.31
1.18

0.97
0.72
1.73
1.27
1.48
2.16
2.14
1.01
0.89
0.69
1.30
1.18

0.98
0.72
1.75
1.28
1.53
2.17
2.17
0.99
0.91
0.69
1.32
1.19

0.97
0.71
1.71
1.28
1.57
2.23
2.12
0.99
0.90
0.68
1.30
1.20

(X)
(X)
(X)
(X)
(X)
(X)
(X)
(X)
(X)
(X)
(X)
(X)

(X)
(X)
(X)
(X)
(X)
(X)
(X)
(X)
(X)
(X)
(X)
(X)

(X)
(X)
(X)
(X)
(X)
(X)
(X)
(X)
(X)
(X)
(X)
(X)

(X)
(X)
(X)
(X)
(X)
(X)
(X)
(X)
(X)
(X)
(X)
(X)

All manufacturing industries .


3

X Not Applicable

Preliminary

Revised data due to late receipts and concurrent seasonal adjustment.

Excludes the following industries with no unfilled orders: Wood products; nonmetallic mineral products;
medical equipment and supplies; office supplies; other miscellaneous manufacturing; cutlery and handtools;
farm and garden machinery; computer storage and peripheral devices; audio and video equipment; manufacturing
and reproducing magnetic and optical media; batteries; automobiles; light trucks and utility vehicles; heavy duty
trucks; and miscellaneous furniture.

Unfilled orders to shipments ratio excludes semiconductor manufacturing.

Table 8. Revisions to Previously Published Monthly Percent Changes 1


[Based on Seasonally Adjusted data from the Manufacturers' Shipments, Inventories, and Orders Survey.]
Shipments
New Orders
Unfilled Orders
Inventories
3

Industry
2

Jul
2014

Jul
2013Jun
2014

Jul2
2014

Jul
2013Jun
2014

Jul2
2014

Jul
2013Jun
2014

Jul2
2014

Jul
2013Jun
2014

All manufacturing industries......

(X)

0.1

(X)

0.3

(X)

0.1

(X)

0.1

Durable goods industries..............


Wood products..
Nonmetallic mineral products..
Primary metals...
Fabricated metal products..
Machinery......
Computers and electronic products..
Electrical equipment, appliances,
and components.....
Transportation equipment..
Furniture and related products.
Miscellaneous products.

0.2
(X)
(X)
0.1
0.1
0.6
0.1

0.3
0.6
0.5
0.5
0.3
0.5
0.7

0.0
(X)
(X)
0.0
0.5
0.4
-0.5

0.6
(NA)
(NA)
0.5
1.4
0.8
1.2

0.0
(X)
(X)
0.0
0.1
0.0
-0.1

0.1
(NA)
(NA)
0.4
0.2
0.2
0.2

0.0
(X)
(X)
0.1
0.1
-0.1
0.0

0.0
0.3
0.3
0.3
0.1
0.2
0.1

-1.6
0.2
(X)
(X)

0.8
0.4
0.5
0.5

-1.1
-0.1
(X)
(X)

1.0
1.0
0.5
0.5

0.3
0.0
(X)
(X)

0.5
0.1
0.5
0.3

0.1
0.0
(X)
(X)

0.8
0.1
0.2
0.2

Nondurable goods industries.


Food products..
Beverage and tobacco products
Textiles...
Textile products....
Apparel.......
Leather and allied products..
Paper products...
Printing....
Petroleum and coal products..
Chemical products..
Plastics and rubber products..

(X)
(X)
(X)
(X)
(X)
(X)
(X)
(X)
(X)
(X)
(X)
(X)

0.1
0.2
0.5
0.5
0.9
0.8
0.8
0.1
0.5
0.5
0.2
0.5

(X)
(X)
(X)
(X)
(X)
(X)
(X)
(X)
(X)
(X)
(X)
(X)

(NA)
(NA)
(NA)
(NA)
(NA)
(NA)
(NA)
(NA)
(NA)
(NA)
(NA)
(NA)

(X)
(X)
(X)
(X)
(X)
(X)
(X)
(X)
(X)
(X)
(X)
(X)

(NA)
(NA)
(NA)
(NA)
(NA)
(NA)
(NA)
(NA)
(NA)
(NA)
(NA)
(NA)

(X)
(X)
(X)
(X)
(X)
(X)
(X)
(X)
(X)
(X)
(X)
(X)

0.2
0.2
0.3
0.3
0.4
0.3
0.3
0.2
0.6
0.5
0.2
0.5

X Not Applicable

NA Not Available

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.

The current month revisions are the difference between the advance percent change and the percent change as shown in this
publication.

The twelve month revisions are the differences between the month-to-month percent changes of the preliminary and
final estimates. The monthly averages are the simple averages of the absolute values of the differences for the months specified.
The advance to final percent change revisions for the durable goods industries are shown in the advance report for the month.

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.