Empire State Manufacturing Survey: Inventories: Current (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 survey data about NY-based manufacturers collected by the Federal Reserve, the seasonally unadjusted diffusion index for inventories (share of CEOs seeing a recent increase minus share reporting a decrease) was -4.9 in September 2025, compared to -6.4 in August.
Sample. There are 291 data points overall in the montly time series shown in the figure above. The span of time covered by the series is from July 2001 to September 2025.
History. Here's a peek at a few descriptive statistics we computed on the whole sample: the diffusion index reached its minimum of -36.5 in July 2009; it reached a maximum of 40.0 in September 2001; it was equal on average to -2.9.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-07-31 | 15.6 |
| 2025-08-31 | -6.4 |
| 2025-09-30 | -4.9 |
Tip. A plus of our web site is that we give you well-crafted metadata. Find it below to gain insights on the characteristics of the indicators that you use in your work.
Not for investment purposes. Data accessible on FetchSeries are not suitable for investment purposes or as a basis for making financial decisions. Users should consult professional advice and perform their own independent due diligence before making any financial commitments.
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 | 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) |
Series in the same data set
Discover the other time series included in this data set.