Average Fed Mfg Survey: Unfilled orders: 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 unfilled orders stood at 10.4 (share of CEOs seeing a recent increase minus share reporting a decrease) in September 2026, versus 5.1 in August 2026.
Sample. The monthly time series presented in the figure has a total of 268 records. The time span covered by the series stretches from June 2004 to September 2026.
History. Check out some descriptive statistics calculated on the entire sample: the diffusion index recorded a bottom of -33.6 in February 2009; it recorded its maximum of 27.5 in May 2021; it averaged -3.8.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-07-31 | 5.42000 |
| 2026-08-31 | 5.12000 |
| 2026-09-30 | 10.4000 |
Hint. One of the pluses of our web site is that we provide complete metadata. Check them below to better understand the attributes of the time series that you are exploring.
Not for investment purposes. Data and any other information shared on this web site are not meant for investment purposes or as a basis for making financial decisions. Users should obtain professional advice and perform independent analysis before taking any financial risk.
Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Did unfilled orders 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 |
Series in the same data set
Discover the other time series included in this data set.