Average Fed Mfg Survey: Delivery times: Future (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 delivery times was 11.9 (share of CEOs seeing a future increase minus share forecasting a decrease) in September 2026, versus 8.1 in August 2026.
Sample. The monthly series displayed in the figure has 268 data points in total. The series covers the time period going from June 2004 to September 2026.
History. Here's a snapshot of a few simple statistics computed on the entire sample: the diffusion index recorded its highest level of 18.0 in March 2022; it reached its lowest level of -14.0 in February 2023; it had a mean of 2.3.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-07-31 | 6.12000 |
| 2026-08-31 | 8.12000 |
| 2026-09-30 | 11.8800 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Will delivery times increase or decrease over the next six months? |
| Country | United States |
| Economic concept | Business survey response |
| Data type | Leading 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 5 regional Federal Reserve manufacturing surveys |
| FSR temporal aggregation code | LM01 |
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