What do the US manufacturing inventory and unfilled order ratios measure?

The United States manufacturing ratios measure the relationship between inventory levels or unfilled orders and monthly shipments across various industries, indicating supply chain health and production backlogs.

How frequently is the US manufacturing ratios table updated and how far back does it go?

The data is published monthly by the Census Bureau as part of the M3 survey, with historical series extending back to 1992.

What industry breakdowns are included in the United States manufacturing ratios?

The table covers total manufacturing, durable goods, nondurable goods, wood products, primary metals, machinery, electrical equipment, transportation equipment, chemicals, and numerous other subsectors.

Are the United States manufacturing ratios seasonally adjusted?

Yes, the table provides both seasonally adjusted and unadjusted figures to help analysts evaluate monthly changes without seasonal distortions.

US Inventories-to-Shipments Ratio

Name: US Inventories-to-Shipments Ratio
Creator: Census Bureau (Manufacturers' Shipments, Inventories, and Orders)
License: https://creativecommons.org/licenses/by/4.0/

US manufacturing inventories and unfilled orders ratios from the Census Bureau.

Source: Census Bureau (Manufacturers' Shipments, Inventories, and Orders)Last updated: Sep 21, 2026, 14:28Curated by Bui Thanh PhucAbout this data ↓

Indicator	07-2026	06-2026	05-2026	04-2026	03-2026	02-2026	01-2026	12-2025	11-2025	10-2025	09-2025	08-2025	07-2025	06-2025	05-2025	04-2025	03-2025	02-2025	01-2025	12-2024	11-2024	10-2024	09-2024	08-2024	07-2024	06-2024	05-2024	04-2024	03-2024	02-2024	01-2024	12-2023	11-2023	10-2023	09-2023	08-2023	07-2023
Inventories-to-Shipments2
Seasonally Adjusted24
Total Manufacturing	1.47	1.47	1.47	1.49	1.51	1.52	1.55	1.56	1.57	1.56	1.56	1.56	1.56	1.57	1.57	1.58	1.57	1.57	1.57	1.58	1.58	1.58	1.58	1.58	1.57	1.58	1.59	1.57	1.58	1.59	1.6	1.58	1.59	1.59	1.57	1.57	1.59
Durable Goods	1.81	1.82	1.83	1.84	1.85	1.86	1.89	1.9	1.92	1.91	1.92	1.92	1.92	1.94	1.95	1.95	1.96	1.96	1.98	1.99	2	1.98	1.97	1.97	1.96	1.97	1.99	1.98	2	2	2	1.98	1.98	2	1.98	1.97	1.97
Wood Products	1.33	1.34	1.32	1.33	1.34	1.34	1.34	1.33	1.34	1.34	1.35	1.35	1.36	1.35	1.36	1.33	1.3	1.3	1.3	1.29	1.29	1.29	1.31	1.3	1.3	1.29	1.28	1.26	1.25	1.26	1.25	1.25	1.26	1.26	1.25	1.25	1.25
Nonmetallic Mineral Products	1.41	1.39	1.39	1.38	1.37	1.37	1.39	1.41	1.42	1.41	1.4	1.4	1.38	1.39	1.39	1.39	1.38	1.4	1.42	1.4	1.4	1.37	1.36	1.38	1.38	1.36	1.35	1.33	1.34	1.33	1.36	1.32	1.32	1.32	1.32	1.31	1.31
Primary Metals	1.66	1.67	1.67	1.73	1.73	1.72	1.75	1.76	1.81	1.8	1.78	1.79	1.78	1.78	1.79	1.79	1.78	1.79	1.82	1.81	1.79	1.81	1.79	1.82	1.82	1.8	1.77	1.78	1.83	1.8	1.8	1.78	1.82	1.83	1.83	1.83	1.82
Fabricated Metal Products	1.72	1.72	1.72	1.73	1.74	1.75	1.77	1.78	1.79	1.8	1.81	1.81	1.8	1.82	1.82	1.82	1.82	1.81	1.82	1.83	1.82	1.82	1.84	1.83	1.84	1.84	1.84	1.84	1.85	1.84	1.84	1.83	1.84	1.85	1.85	1.87	1.87
Machinery	2.41	2.47	2.52	2.51	2.5	2.56	2.61	2.6	2.62	2.62	2.61	2.64	2.64	2.66	2.68	2.67	2.68	2.69	2.72	2.74	2.72	2.68	2.65	2.65	2.67	2.65	2.67	2.67	2.67	2.69	2.68	2.66	2.66	2.65	2.65	2.61	2.62
Computer and Electronic Products	2	1.97	2.01	2.02	2.03	2.04	2.06	2.09	2.11	2.12	2.13	2.13	2.12	2.12	2.12	2.14	2.13	2.13	2.16	2.17	2.19	2.19	2.21	2.24	2.23	2.25	2.25	2.24	2.26	2.25	2.23	2.26	2.23	2.22	2.24	2.24	2.25
Electrical Equipment, Appliances, and Components	1.6	1.59	1.6	1.61	1.62	1.63	1.65	1.65	1.66	1.65	1.66	1.66	1.66	1.66	1.66	1.64	1.64	1.65	1.64	1.64	1.66	1.67	1.68	1.69	1.71	1.72	1.73	1.74	1.74	1.75	1.72	1.78	1.79	1.78	1.76	1.77	1.77
Transportation Equipment	1.71	1.73	1.73	1.76	1.77	1.77	1.81	1.83	1.86	1.82	1.84	1.84	1.85	1.9	1.92	1.93	1.95	1.95	1.99	2	2.04	2	1.97	1.95	1.89	1.95	2.02	1.98	2.03	2.02	2.04	1.99	1.97	2.01	1.95	1.93	1.93
Furniture and Related Products	1.4	1.41	1.41	1.42	1.41	1.39	1.41	1.41	1.4	1.44	1.44	1.45	1.45	1.45	1.44	1.46	1.45	1.45	1.44	1.46	1.44	1.44	1.43	1.43	1.44	1.43	1.43	1.44	1.44	1.42	1.43	1.46	1.47	1.47	1.47	1.49	1.49
Other Manufacturing	2.16	2.18	2.22	2.23	2.25	2.26	2.29	2.29	2.28	2.28	2.29	2.28	2.28	2.3	2.29	2.29	2.26	2.26	2.27	2.28	2.29	2.28	2.29	2.28	2.29	2.3	2.28	2.3	2.3	2.31	2.3	2.3	2.3	2.33	2.33	2.32	2.31
Nondurable Goods	1.12	1.12	1.11	1.13	1.15	1.16	1.18	1.19	1.2	1.2	1.19	1.19	1.19	1.19	1.19	1.2	1.19	1.18	1.18	1.18	1.18	1.19	1.19	1.19	1.18	1.19	1.19	1.18	1.18	1.19	1.2	1.19	1.2	1.2	1.17	1.19	1.21
Food	0.81	0.82	0.82	0.82	0.82	0.81	0.82	0.82	0.83	0.82	0.82	0.82	0.83	0.83	0.83	0.83	0.83	0.83	0.83	0.83	0.83	0.84	0.84	0.84	0.84	0.85	0.85	0.86	0.86	0.86	0.86	0.87	0.87	0.87	0.87	0.88	0.89
Beverages and Tobacco Products	1.88	1.89	1.9	1.9	1.88	1.89	1.9	1.88	1.9	1.88	1.89	1.9	1.91	1.91	1.93	1.9	1.92	1.9	1.89	1.88	1.89	1.87	1.88	1.9	1.87	1.9	1.92	1.95	1.96	1.98	1.99	2.02	2.03	2.01	2.01	2.05	2.06
Textile Mills	1.77	1.76	1.74	1.74	1.76	1.74	1.75	1.72	1.69	1.7	1.69	1.7	1.62	1.65	1.68	1.68	1.66	1.66	1.71	1.66	1.63	1.65	1.68	1.67	1.64	1.65	1.66	1.66	1.67	1.68	1.67	1.65	1.67	1.65	1.64	1.67	1.68
Textile Product Mills	2	2.03	2.01	2.04	2.1	2.11	2.06	2.06	2.11	2.06	2.05	2.05	2.04	2.04	2.04	2.02	2.02	1.98	2.04	1.99	2.04	2.02	2.02	2.02	2.02	2.02	2.04	2.01	2.02	1.98	2	2.03	2.01	1.98	2	1.98	2.02
Apparel	2.44	2.41	2.38	2.38	2.44	2.44	2.45	2.47	2.53	2.54	2.54	2.55	2.56	2.6	2.58	2.55	2.52	2.54	2.58	2.51	2.62	2.57	2.58	2.54	2.51	2.48	2.46	2.49	2.49	2.48	2.52	2.52	2.47	2.45	2.43	2.4	2.43
Leather and Allied Products	2.84	2.77	2.89	2.83	2.7	2.61	2.74	2.7	2.69	2.81	2.82	2.65	2.51	2.37	2.22	2.38	2.2	2.21	2.22	2.2	2.12	2.25	2.18	2.14	2.16	2.14	2.11	2.07	2	1.95	2	2.09	2.11	2.09	2.43	2.33	2.31
Paper Products	1.08	1.08	1.08	1.08	1.09	1.09	1.1	1.11	1.12	1.12	1.13	1.13	1.12	1.12	1.12	1.12	1.11	1.11	1.1	1.1	1.1	1.11	1.1	1.09	1.09	1.1	1.1	1.1	1.1	1.1	1.1	1.1	1.1	1.1	1.1	1.11	1.1
Printing and support services	1.04	1.05	1.05	1.04	1.04	1.03	1.03	1.04	1.04	1.03	1.03	1.03	1.03	1.02	1.02	1.03	1.03	1.02	1.02	1.02	1.02	1.01	1	0.99	1	1	1.02	1.01	1.01	1	1	1.01	1.01	1	1.02	1.03	1.02
Petroleum and Coal Products	0.68	0.69	0.68	0.74	0.78	0.78	0.84	0.86	0.85	0.84	0.83	0.82	0.8	0.8	0.81	0.82	0.8	0.78	0.78	0.78	0.77	0.78	0.77	0.78	0.77	0.79	0.77	0.72	0.72	0.74	0.76	0.74	0.77	0.75	0.68	0.7	0.74
Chemicals	1.5	1.5	1.5	1.5	1.53	1.55	1.57	1.57	1.58	1.59	1.61	1.61	1.61	1.62	1.61	1.62	1.62	1.61	1.62	1.63	1.63	1.64	1.64	1.64	1.64	1.65	1.66	1.66	1.66	1.68	1.69	1.68	1.69	1.69	1.7	1.7	1.72
Plastics and Rubber Products	1.38	1.37	1.37	1.36	1.36	1.37	1.39	1.4	1.4	1.4	1.4	1.4	1.39	1.4	1.41	1.4	1.41	1.41	1.42	1.42	1.42	1.43	1.43	1.42	1.41	1.41	1.41	1.41	1.42	1.41	1.41	1.41	1.42	1.44	1.44	1.45	1.47
Not Seasonally Adjusted24
Total Manufacturing	1.5	1.39	1.48	1.5	1.43	1.64	1.68	1.53	1.63	1.51	1.5	1.53	1.6	1.5	1.56	1.59	1.51	1.69	1.68	1.58	1.63	1.52	1.54	1.52	1.61	1.53	1.55	1.58	1.53	1.66	1.7	1.6	1.61	1.56	1.53	1.5	1.67
Durable Goods	1.9	1.68	1.86	1.87	1.72	1.99	2.1	1.85	2.02	1.83	1.81	1.89	2.04	1.82	1.95	1.99	1.85	2.11	2.16	1.97	2.07	1.9	1.89	1.9	2.09	1.88	1.95	2.01	1.89	2.07	2.18	2	2.03	1.95	1.89	1.88	2.15
Wood Products	1.28	1.22	1.22	1.25	1.33	1.49	1.55	1.5	1.46	1.27	1.3	1.28	1.31	1.24	1.24	1.25	1.31	1.46	1.5	1.48	1.39	1.22	1.26	1.21	1.25	1.19	1.15	1.2	1.26	1.37	1.46	1.44	1.36	1.21	1.2	1.15	1.22
Nonmetallic Mineral Products	1.3	1.27	1.39	1.37	1.41	1.59	1.61	1.57	1.52	1.24	1.29	1.29	1.29	1.3	1.36	1.38	1.46	1.63	1.59	1.6	1.45	1.21	1.29	1.24	1.29	1.3	1.28	1.32	1.42	1.49	1.53	1.55	1.34	1.19	1.25	1.16	1.29
Primary Metals	1.68	1.57	1.66	1.67	1.63	1.79	1.82	1.9	1.98	1.73	1.73	1.76	1.81	1.72	1.74	1.75	1.7	1.87	1.84	2	1.93	1.74	1.78	1.74	1.86	1.77	1.7	1.74	1.75	1.8	1.82	1.99	1.91	1.8	1.81	1.71	1.93
Fabricated Metal Products	1.76	1.63	1.75	1.72	1.66	1.85	1.89	1.84	1.88	1.69	1.73	1.76	1.84	1.75	1.81	1.82	1.77	1.93	1.92	1.94	1.89	1.72	1.78	1.75	1.88	1.8	1.79	1.83	1.81	1.89	1.94	1.97	1.89	1.77	1.8	1.75	1.97
Machinery	2.41	2.25	2.53	2.51	2.33	2.77	2.89	2.53	2.91	2.51	2.51	2.62	2.68	2.46	2.63	2.68	2.54	2.9	2.96	2.72	2.96	2.6	2.61	2.56	2.73	2.5	2.58	2.67	2.51	2.78	2.92	2.66	2.87	2.6	2.6	2.52	2.75
Computer and Electronic Products	2.15	1.81	2.16	2.19	1.86	2.24	2.29	1.84	2.1	2.13	1.91	2.16	2.28	1.96	2.28	2.35	1.96	2.35	2.38	1.9	2.18	2.19	1.96	2.26	2.4	2.1	2.41	2.46	2.1	2.42	2.46	1.99	2.2	2.22	2.01	2.26	2.41
Electrical Equipment, Appliances, and Components	1.7	1.45	1.7	1.69	1.52	1.77	1.85	1.56	1.72	1.57	1.49	1.64	1.76	1.56	1.71	1.73	1.57	1.79	1.81	1.59	1.7	1.58	1.54	1.63	1.82	1.63	1.76	1.81	1.67	1.84	1.9	1.77	1.8	1.7	1.63	1.69	1.93
Transportation Equipment	1.94	1.59	1.76	1.79	1.58	1.86	2.09	1.7	1.93	1.75	1.72	1.82	2.13	1.77	1.91	1.97	1.77	2.07	2.24	1.92	2.07	1.93	1.89	1.89	2.22	1.84	1.96	2.02	1.84	2.06	2.28	1.93	1.97	2	1.86	1.84	2.32
Furniture and Related Products	1.38	1.39	1.43	1.47	1.39	1.45	1.52	1.4	1.42	1.36	1.42	1.37	1.44	1.42	1.46	1.5	1.44	1.52	1.54	1.47	1.45	1.37	1.42	1.34	1.43	1.41	1.43	1.47	1.42	1.44	1.54	1.48	1.47	1.42	1.46	1.39	1.5
Other Manufacturing	2.26	2.04	2.28	2.28	2.09	2.45	2.44	2.05	2.36	2.24	2.22	2.35	2.4	2.21	2.31	2.35	2.14	2.45	2.39	2.06	2.33	2.23	2.25	2.3	2.4	2.23	2.28	2.34	2.2	2.41	2.43	2.11	2.32	2.31	2.28	2.32	2.5
Nondurable Goods	1.11	1.08	1.1	1.13	1.12	1.26	1.25	1.19	1.23	1.17	1.17	1.17	1.18	1.16	1.18	1.19	1.17	1.28	1.24	1.19	1.2	1.15	1.18	1.15	1.17	1.17	1.16	1.18	1.16	1.25	1.25	1.21	1.22	1.17	1.17	1.13	1.22
Food	0.82	0.8	0.82	0.83	0.8	0.85	0.84	0.82	0.83	0.82	0.8	0.81	0.83	0.82	0.82	0.84	0.82	0.87	0.86	0.84	0.83	0.83	0.83	0.82	0.84	0.84	0.84	0.86	0.85	0.87	0.89	0.88	0.87	0.87	0.86	0.85	0.9
Beverages and Tobacco Products	1.82	1.81	1.86	1.88	1.93	2.02	2.01	1.87	1.97	1.86	1.86	1.84	1.86	1.84	1.87	1.91	1.99	2.06	1.99	1.88	1.93	1.85	1.85	1.82	1.8	1.84	1.86	1.94	2.02	2.09	2.11	2.03	2.07	1.99	1.96	1.94	2.01
Textile Mills	1.74	1.65	1.71	1.73	1.7	1.78	1.94	1.92	1.77	1.62	1.64	1.63	1.61	1.58	1.65	1.66	1.6	1.71	1.85	1.87	1.71	1.57	1.66	1.57	1.64	1.57	1.61	1.63	1.62	1.67	1.8	1.86	1.74	1.58	1.61	1.58	1.7
Textile Product Mills	1.97	1.88	1.93	1.97	2.04	2.15	2.28	2.24	2.28	2.03	2.06	1.96	2.01	1.89	1.95	1.95	1.94	2.01	2.27	2.17	2.19	1.99	2.03	1.94	1.99	1.86	1.96	1.94	1.94	2.01	2.22	2.21	2.16	1.96	2.01	1.9	1.99
Apparel	2.57	2.57	2.47	2.49	2.49	2.54	2.63	2.14	2.34	2.3	2.57	2.53	2.65	2.81	2.63	2.69	2.62	2.66	2.77	2.22	2.39	2.3	2.6	2.5	2.6	2.7	2.52	2.66	2.59	2.5	2.67	2.29	2.21	2.23	2.46	2.33	2.56
Leather and Allied Products	2.95	2.76	2.75	2.72	2.38	2.52	2.94	2.71	2.88	2.8	3	2.63	2.63	2.47	2.18	2.28	2.07	2.22	2.33	2.22	2.27	2.18	2.21	2.13	2.24	2.23	2.02	1.92	1.88	1.92	2.11	2.13	2.27	2.03	2.45	2.28	2.43
Paper Products	1.07	1.05	1.09	1.08	1.06	1.16	1.13	1.13	1.18	1.06	1.11	1.11	1.12	1.1	1.11	1.13	1.1	1.19	1.1	1.13	1.14	1.05	1.1	1.05	1.09	1.1	1.07	1.11	1.08	1.13	1.1	1.14	1.12	1.05	1.1	1.05	1.14
Printing and support services	1.05	1.04	1.07	1.04	1.02	1.11	1.06	1.02	1.06	0.95	1	1.04	1.03	1.03	1.02	1.03	1.03	1.11	1.04	1.01	1.03	0.93	0.99	0.99	1.01	1.03	1	1	1.01	1.04	1.02	1.03	1	0.94	1.01	1.01	1.07
Petroleum and Coal Products	0.65	0.67	0.66	0.73	0.77	0.91	0.91	0.86	0.86	0.81	0.83	0.76	0.76	0.78	0.81	0.81	0.8	0.91	0.83	0.78	0.79	0.74	0.78	0.73	0.73	0.76	0.75	0.73	0.73	0.83	0.8	0.74	0.77	0.72	0.7	0.64	0.71
Chemicals	1.53	1.43	1.49	1.49	1.43	1.68	1.67	1.51	1.64	1.58	1.59	1.61	1.63	1.56	1.6	1.62	1.54	1.75	1.7	1.6	1.67	1.61	1.64	1.61	1.66	1.61	1.62	1.65	1.58	1.74	1.77	1.67	1.72	1.69	1.7	1.64	1.79
Plastics and Rubber Products	1.36	1.26	1.35	1.34	1.31	1.51	1.46	1.44	1.51	1.33	1.36	1.37	1.38	1.33	1.36	1.39	1.39	1.55	1.47	1.49	1.5	1.36	1.42	1.36	1.41	1.36	1.35	1.39	1.39	1.49	1.46	1.51	1.48	1.39	1.43	1.38	1.52
Unfilled Orders-to-Shipments2
Seasonally Adjusted9
Total Manufacturing	6.81	6.84	6.9	6.95	6.88	6.92	6.99	7.01	7.04	6.93	6.98	6.93	6.86	7.01	6.98	6.77	6.86	6.73	6.75	6.83	6.91	6.91	6.86	6.81	6.69	6.84	7	6.94	7.05	6.98	7	6.94	6.82	6.79	6.77	6.7	6.74
Durable Goods	6.81	6.84	6.9	6.95	6.88	6.92	6.99	7.01	7.04	6.93	6.98	6.93	6.86	7.01	6.98	6.77	6.86	6.73	6.75	6.83	6.91	6.91	6.86	6.81	6.69	6.84	7	6.94	7.05	6.98	7	6.94	6.82	6.79	6.77	6.7	6.74
Primary Metals	1.56	1.56	1.54	1.59	1.59	1.59	1.63	1.64	1.69	1.69	1.68	1.69	1.68	1.69	1.7	1.71	1.69	1.71	1.74	1.73	1.73	1.76	1.75	1.76	1.73	1.69	1.64	1.64	1.68	1.65	1.67	1.65	1.66	1.67	1.64	1.64	1.62
Fabricated Metal Products	3.84	3.81	3.8	3.76	3.76	3.8	3.83	3.85	3.87	3.87	3.87	3.87	3.84	3.9	3.9	3.9	3.89	3.9	3.91	3.93	3.87	3.88	3.88	3.82	3.83	3.84	3.84	3.83	3.85	3.85	3.86	3.85	3.87	3.9	3.88	3.92	3.93
Machinery	3.77	3.85	3.91	3.85	3.83	3.91	3.98	3.94	3.98	4	3.98	4.05	4.03	4.09	4.14	4.13	4.16	4.19	4.22	4.24	4.24	4.27	4.26	4.31	4.29	4.3	4.35	4.37	4.44	4.44	4.4	4.38	4.41	4.44	4.46	4.4	4.47
Computers and Electronic Products	5.76	5.62	5.74	5.75	5.74	5.71	5.73	5.85	5.87	5.91	5.92	5.95	5.98	5.95	5.98	6.04	6.01	6.06	6.17	6.19	6.23	6.23	6.31	6.34	6.3	6.36	6.33	6.25	6.33	6.31	6.21	6.27	6.22	6.23	6.31	6.31	6.47
Electrical Equipment, Appliances, and Components	4.09	4.07	4.07	4.1	4.13	4.13	4.16	4.08	4.11	4.05	4.07	4.1	4.11	4.17	4.2	4.14	4.13	4.14	4.11	4.08	4.11	4.09	4.11	4.12	4.1	4.14	4.1	4.07	4.08	4.09	3.97	4.12	4.1	4.13	4.09	4.11	4.18
Transportation Equipment	14.12	14.24	14.37	14.56	14.38	14.41	14.41	14.54	14.64	14.07	14.38	14	13.74	14.38	14.22	13.5	14.21	13.55	13.45	13.85	14.54	14.41	14.03	13.6	12.94	13.97	15.04	14.69	15.16	14.83	15.17	14.7	14.08	13.95	13.95	13.66	13.68
Furniture and Related Products	1.86	1.88	1.87	1.9	1.92	1.91	1.96	1.95	1.92	1.95	1.95	1.95	1.93	1.94	1.94	1.97	1.95	1.95	1.94	1.99	1.96	1.97	1.96	1.94	1.97	1.94	1.96	1.97	1.98	1.97	1.97	2	1.99	1.97	1.97	2.01	2
Not Seasonally Adjusted9
Total Manufacturing	7.09	6.32	6.99	7.06	6.41	7.34	7.75	6.86	7.42	6.74	6.58	6.82	7.24	6.56	6.95	6.91	6.49	7.18	7.36	6.84	7.17	6.72	6.56	6.58	7.09	6.47	6.84	7.05	6.7	7.16	7.58	7.04	6.98	6.69	6.48	6.4	7.29
Durable Goods	7.09	6.32	6.99	7.06	6.41	7.34	7.75	6.86	7.42	6.74	6.58	6.82	7.24	6.56	6.95	6.91	6.49	7.18	7.36	6.84	7.17	6.72	6.56	6.58	7.09	6.47	6.84	7.05	6.7	7.16	7.58	7.04	6.98	6.69	6.48	6.4	7.29
Primary Metals	1.58	1.47	1.54	1.56	1.53	1.67	1.69	1.77	1.82	1.59	1.6	1.64	1.7	1.63	1.67	1.68	1.66	1.81	1.76	1.9	1.83	1.66	1.7	1.67	1.76	1.67	1.59	1.62	1.65	1.68	1.69	1.84	1.71	1.61	1.59	1.53	1.71
Fabricated Metal Products	3.94	3.64	3.87	3.74	3.58	3.97	4.05	3.97	4.07	3.65	3.72	3.77	3.94	3.78	3.9	3.9	3.78	4.09	4.04	4.15	4.04	3.67	3.78	3.67	3.92	3.78	3.76	3.82	3.77	3.9	3.99	4.13	3.97	3.73	3.81	3.7	4.13
Machinery	3.78	3.51	3.94	3.94	3.6	4.27	4.43	3.79	4.28	3.79	3.79	4.02	4.11	3.78	4.09	4.25	3.99	4.57	4.6	4.16	4.46	4.07	4.16	4.17	4.41	4.05	4.24	4.49	4.24	4.66	4.82	4.33	4.6	4.29	4.33	4.23	4.73
Computers and Electronic Products	6.22	5.08	6.05	6.19	5.23	6.32	6.67	5.09	5.93	6.03	5.31	5.97	6.44	5.4	6.26	6.59	5.49	6.74	7.13	5.39	6.29	6.34	5.62	6.29	6.78	5.85	6.6	6.79	5.87	6.85	7.17	5.51	6.21	6.33	5.69	6.26	6.95
Electrical Equipment, Appliances, and Components	4.23	3.7	4.19	4.22	3.85	4.49	4.68	4	4.38	3.96	3.71	4.02	4.26	3.82	4.18	4.29	3.86	4.5	4.59	4.09	4.35	4.01	3.81	3.94	4.29	3.82	4.04	4.21	3.85	4.24	4.46	4.21	4.23	4.12	3.82	3.89	4.44
Transportation Equipment	15.42	13.05	14.6	14.92	13.12	15.02	16.48	13.81	15.19	13.91	13.41	13.89	15.41	13.34	14.16	13.9	13.16	14.18	15.12	13.57	14.74	14.14	13.3	13.29	14.75	12.95	14.65	14.99	14.03	14.85	16.72	14.65	14.14	13.9	13.19	13.18	15.91
Furniture and Related Products	1.8	1.85	1.96	2.03	1.95	2.01	2.08	1.91	1.95	1.79	1.91	1.8	1.91	1.93	2.03	2.08	1.98	2.07	2.01	1.98	1.97	1.82	1.94	1.78	1.95	1.95	2.02	2.06	2.01	2.02	2.06	1.98	1.99	1.85	1.95	1.84	2.04

Latest reading

Total Manufacturing stood at 1.47 Times in Jul 2026. That is unchanged from Jun 2026 and −5.8% from a year earlier. The series on this page is monthly and runs from Jan 1992 to Jul 2026. Source: Census Bureau (Manufacturers' Shipments, Inventories, and Orders).

Latest: 1.47 Times; Jul 2026
vs previous period: 0.0%; Jun 2026
vs a year earlier: −5.8%

About this data

US manufacturing inventories and unfilled orders ratios from the Census Bureau. The table provides monthly ratios of inventories-to-shipments and unfilled orders-to-shipments for durable goods, nondurable goods, and specific industries. Data spans back to 1992 and includes both seasonally adjusted and unadjusted figures. Source: Census Bureau.

Frequently asked questions

What do the US manufacturing inventory and unfilled order ratios measure?: The United States manufacturing ratios measure the relationship between inventory levels or unfilled orders and monthly shipments across various industries, indicating supply chain health and production backlogs.
How frequently is the US manufacturing ratios table updated and how far back does it go?: The data is published monthly by the Census Bureau as part of the M3 survey, with historical series extending back to 1992.
What industry breakdowns are included in the United States manufacturing ratios?: The table covers total manufacturing, durable goods, nondurable goods, wood products, primary metals, machinery, electrical equipment, transportation equipment, chemicals, and numerous other subsectors.
Are the United States manufacturing ratios seasonally adjusted?: Yes, the table provides both seasonally adjusted and unadjusted figures to help analysts evaluate monthly changes without seasonal distortions.