Empire State Manufacturing Survey: General business activity: Current (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - 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 survey data about NY-based manufacturers, the seasonally adjusted diffusion index for general business activity (share of CEOs seeing a recent increase minus share reporting a decrease) was -8.7 in September 2025, compared to 11.9 in August 2025.
Sample. In this montly time series, there are 291 data points in total. The time span covered by the series stretches from July 2001 to September 2025.
History. Here's a snapshot of a few simple statistics computed on the whole sample: the diffusion index reached its lowest level of -79.9 in April 2020; it achieved a maximum of 39.0 in April 2004; it had an average value of 6.3.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-07-31 | 5.5 |
| 2025-08-31 | 11.9 |
| 2025-09-30 | -8.7 |
Nugget of wisdom. We categorize series into worksheets and datasets to simplify research. When you navigate further down, you will find how we structured further material related to the statistics found here.
Not for investment purposes. Data released on FetchSeries are not intended for investment purposes or as a basis for making financial decisions. Users should consult expert advice and do independent analysis before pledging money to any investment.
Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Did general business activity increase or decrease in the past month? |
| Country | United States |
| Economic concept | Business survey response |
| Data type | Coincident indicator of the business cycle |
| Deflation method | Not applicable |
| Seasonally adjusted | Yes |
| 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) |
Series in the same data set
Discover the other time series included in this data set.