Average Fed Mfg Survey: Shipments: 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 shipments stood at 13.1 (share of CEOs seeing a recent increase minus share reporting a decrease) in September 2026, versus 16.3 in August.
Sample. This monthly time series has 268 records. The series covers the time period extending from June 2004 to September 2026.
History. Check out a few simple statistics computed on the whole sample: the diffusion index had an average value of 7.2; it reached a trough of -67.0 in April 2020; it recorded its highest level of 27.7 in May 2018.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-07-31 | 18.9800 |
| 2026-08-31 | 16.3000 |
| 2026-09-30 | 13.0600 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Did shipments 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 5 regional Federal Reserve manufacturing surveys |
| FSR temporal aggregation code | LM01 |
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