Empire State Manufacturing Survey: General business activity: Future (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 collected by the Federal Reserve, the seasonally adjusted diffusion index for general business activity (share of CEOs seeing a future increase minus share forecasting a decrease) was 29.0 in September 2026, compared to 32.1 in the previous month.
Sample. There are 303 observations overall in the monthly series shown in the figure above. The series covers the span of time extending from July 2001 to September 2026.
History. Have a look at some summary statistics calculated on the whole sample: the diffusion index had an average value of 34.5; it hit a trough of -11.9 in September 2001; it recorded its maximum of 69.5 in April 2002.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-07-31 | 27.9000 |
| 2026-08-31 | 32.1000 |
| 2026-09-30 | 29.0000 |
Heads-up. One of the pros of our web site is that we give you well-crafted metadata. Find them below to delve deeper into the attributes of the series that you are exploring.
Not for investment purposes. Data and any other information published on FetchSeries are not supposed to be used for investment purposes or other financial decisions. Users should ask for expert advice and do independent analysis before pledging money to any investment.
Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Will general business activity 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 | Yes |
| 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.