Average Fed Srv Survey: Equipment and software expenditures: Current (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - United States - FSR - Monthly
This series is part of the dataset: Average Fed Srv Survey (FetchSeries Research)
Download Full Dataset (.xlsx)Latest updates. Based on an average of regional Federal Reserve services surveys, the seasonally adjusted diffusion index for equipment and software expenditures was 17.0 (share of CEOs seeing a recent increase minus share reporting a decrease) in September 2026, versus 6.4 in August 2026.
Sample. There are 153 data points in the monthly series shown in the graph above. The series covers the time period extending from January 2014 to September 2026.
History. Here's a glimpse of some summary statistics computed on the entire sample: the diffusion index reached a trough of -28.8 in April 2020; it reached its highest level of 33.4 in July 2018; it had a mean of 16.4.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-07-31 | 17.9000 |
| 2026-08-31 | 6.40000 |
| 2026-09-30 | 17.0000 |
Nugget of wisdom. For our users' convenience, we categorize indicators into data sets and worksheets. By moving down the page, you will discover how we structured further information related to the statistics published here.
Not for investment purposes. Time series and other data shared on FetchSeries are not meant for investment purposes or as a basis for financial-decision making. Users should seek expert advice and do their own independent due diligence before pledging money to any investment.
Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Did equipment and software expenditures 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 services surveys |
| FSR temporal aggregation code | LM01 |
Series in the same data set
Discover the other time series included in this data set.