Average Fed Mfg Survey: Capacity utilization: Current (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - United States - FSR - Monthly
This series is part of the dataset: Average Fed Mfg Survey (FetchSeries Research)
Download Full Dataset (.xlsx)Latest updates. Based on an average of regional Federal Reserve manufacturing surveys, the seasonally adjusted diffusion index for capacity utilization was 8.4 (share of CEOs seeing a recent increase minus share reporting a decrease) in September 2026, compared to 7.4 in the previous month.
Sample. This monthly time series has a total of 268 data points. The series covers the time period extending from June 2004 to September 2026.
History. Have a look at some descriptive statistics we computed on the whole sample: the diffusion index achieved a maximum of 32.3 in March 2021; it hit a trough of -56.3 in April 2020; it had a mean value of 3.2.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-07-31 | 3.95000 |
| 2026-08-31 | 7.40000 |
| 2026-09-30 | 8.45000 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Did capacity utilization increase or decrease in the past month? |
| Country | United States |
| Economic concept | Business survey response |
| Data type | Coincident indicator of the business cycle |
| Seasonally adjusted | Yes |
| Deflation method | Not applicable |
| Rescaling | None |
| Measure type | Diffusion index (share of respondents reporting an increase minus share reporting a decrease) |
| Frequency | Monthly |
| Unit | Percentage points |
| Source | FetchSeries Research calculations on Federal Reserve data |
| Source type | Data research lab |
| Data licence | Creative Commons Attribution 4.0 International (CC BY 4.0) + FetchSeries disclaimers |
| Other information | Arithmetic average across 2 regional Federal Reserve manufacturing surveys |
| FSR temporal aggregation code | LM01 |
Series in the same data set
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