Empire State Manufacturing Survey: New orders: 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 new orders (share of CEOs seeing a recent increase minus share reporting a decrease) was 9.9 in September 2026, compared to 12.4 in the previous month.
Sample. This monthly series has 303 data points overall. The series covers the period stretching from July 2001 to September 2026.
History. Here's a peek at a few simple statistics we calculated on the full sample: the diffusion index reached its minimum of -60.6 in April 2020; it recorded a maximum of 48.3 in May 2004; it had a mean of 6.0.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-07-31 | 18.0000 |
| 2026-08-31 | 12.4000 |
| 2026-09-30 | 9.90000 |
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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 | No |
| 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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