Average Fed Srv Survey: Revenue: Future (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 revenue stood at 28.7 (share of CEOs seeing a future increase minus share forecasting a decrease) in September 2026, compared to 28.6 in August 2026.
Sample. There are 153 records in the monthly time series presented in the figure above. The series covers the time period stretching from January 2014 to September 2026.
History. Here are some summary statistics computed on the whole sample: the diffusion index had a mean of 30.8; it reached a minimum of -36.4 in April 2020; it hit a peak of 51.4 in May 2021.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-07-31 | 36.2000 |
| 2026-08-31 | 28.6333 |
| 2026-09-30 | 28.7333 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Will revenue 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 3 regional Federal Reserve services surveys |
| FSR temporal aggregation code | LM01 |
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