Empire State Manufacturing Survey: Delivery times: Future (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - United States - NY FED - Monthly
This series is part of the dataset: Empire State Manufacturing Survey (NY FED)
Download Full Dataset (.xlsx)Latest updates. According to recent survey data about manufacturing firms in the State of New York, the seasonally unadjusted diffusion index for delivery times (share of CEOs seeing a future increase minus share forecasting a decrease) was -2.0 in September 2025, compared to 5.5 in the previous month.
Sample. In this montly series, there are a total of 291 records. The span of time covered by the series extends from July 2001 to September 2025.
History. Here's a glimpse of a few summary statistics computed on the entire sample: the diffusion index reached its highest level of 18.7 in March 2022; it hit a trough of -20.5 in September 2001; it was equal on average to -1.1.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-07-31 | -3.7 |
| 2025-08-31 | 5.5 |
| 2025-09-30 | -2.0 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Will delivery times increase or decrease over the next six months? |
| Country | United States |
| Economic concept | Business survey response |
| Data type | Leading indicator of the business cycle |
| Deflation method | Not applicable |
| Seasonally adjusted | No |
| Rescaling | None |
| Frequency | Montly |
| 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) |
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