Business Leaders Survey: Capital spending: Current (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - United States - NY FED - Monthly
This series is part of the dataset: Business Leaders Survey (NY FED)
Download Full Dataset (.xlsx)Latest updates. According to survey data about service firms in the Second Federal Reserve District, the seasonally unadjusted diffusion index for capital spending (share of CEOs seeing a recent increase minus share reporting a decrease) stood at -4.2 in October 2026, versus -2.2 in September 2026.
Sample. There are 161 observations overall in the monthly series shown in the graph above. The time span covered by the series stretches from June 2013 to October 2026.
History. Have a look at a few statistics computed on the full sample: the diffusion index reached its lowest level of -47.7 in May 2020; it recorded a maximum of 25.2 in January 2016; it had a mean of 5.7.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-08-31 | 2.00000 |
| 2026-09-30 | -2.20000 |
| 2026-10-31 | -4.20000 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Over the past three months did capital investment spending increase or decrease? |
| Country | United States |
| Economic concept | Business survey response |
| Data type | Coincident indicator of the business cycle |
| Deflation method | Not applicable |
| Seasonally adjusted | No |
| Rescaling | None |
| Frequency | Monthly |
| Unit | Percentage points |
| Source | Federal Reserve Bank of New York |
| Source type | Central bank |
| Data licence | Free use subject to conditions |
| Measure type | Diffusion index (share of respondents reporting an increase minus share reporting a decrease) |
Series in the same data set
Discover the other time series included in this data set.
Current conditions SA
| Series Name | Observations | Start Date | End Date |
|---|---|---|---|
| Business Leaders Survey: Wages: Current (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - United States - NY FED - Monthly | 266 | 2004-09-30 | 2026-10-31 |
Future conditions SA
| Series Name | Observations | Start Date | End Date |
|---|---|---|---|
| Business Leaders Survey: Wages: Future (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - United States - NY FED - Monthly | 266 | 2004-09-30 | 2026-10-31 |