Empire State Manufacturing Survey: Inventories: 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. Based on manufacturing firms' responses to the Empire State Survey carried out by the New York FED, the seasonally adjusted diffusion index for inventories (share of CEOs seeing a recent increase minus share reporting a decrease) stood at -4.9 in September 2025, versus -6.4 in August.
Sample. There are 291 records overall in the montly time series presented in the graph above. The series covers the time span stretching from July 2001 to September 2025.
History. Here's a snapshot of some summary statistics we computed on the full sample: the diffusion index had an average value of -2.9; it reached its lowest level of -36.5 in July 2009; it recorded its maximum of 40.0 in September 2001.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-07-31 | 15.6 |
| 2025-08-31 | -6.4 |
| 2025-09-30 | -4.9 |
Heads-up. We organize indicators into worksheets and datasets to make your life easier. By moving down the page, you will discover how we arranged further information linked to the statistics published here.
Not for investment purposes. Financial data accessible on FetchSeries are not suitable for investment purposes or as a basis for making financial decisions. Users should obtain professional advice and do their own independent due diligence before taking any financial risk.
Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Did inventories 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.