Average Fed Srv Survey: Revenue: Future (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - 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 unadjusted diffusion index for revenue was 26.2 (share of CEOs seeing a future increase minus share forecasting a decrease) in September 2026, compared to 24.9 in the previous month.
Sample. There are 153 data points in the monthly series shown in the plot above. The series covers the period extending from January 2014 to September 2026.
History. Here's a glimpse of a few simple statistics we calculated on the whole sample: the diffusion index recorded its highest level of 54.9 in April 2021; it reached its minimum of -30.6 in April 2020; it averaged 30.8.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-07-31 | 31.7667 |
| 2026-08-31 | 24.9000 |
| 2026-09-30 | 26.2000 |
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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 | No |
| 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 |
Series in the same data set
Discover the other time series included in this data set.