Empire State Manufacturing Survey: New orders: 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 a sample of manufacturing firms surveyd by the FED, the seasonally adjusted diffusion index for new orders (share of CEOs seeing a recent increase minus share reporting a decrease) was 2.0 in September 2026, compared to 17.3 in August 2026.
Sample. In this monthly series, there are 303 observations in total. The series covers the time range going from July 2001 to September 2026.
History. Take a look at some summary statistics computed on the entire sample: the diffusion index reached its maximum of 42.0 in May 2004; it recorded a bottom of -68.8 in April 2020; it averaged 6.2.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-07-31 | 22.2000 |
| 2026-08-31 | 17.3000 |
| 2026-09-30 | 2.00000 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Did new orders 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 | 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) |
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