Empire State Manufacturing Survey: New orders: 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 recent survey data about manufacturing firms in the State of New York, the seasonally adjusted diffusion index for new orders (share of CEOs seeing a future increase minus share forecasting a decrease) stood at 25.3 in September 2026, versus 37.1 in the previous month.
Sample. In the monthly series displayed in the chart, there are 303 records in total. The series covers the time period extending from July 2001 to September 2026.
History. Here are some descriptive statistics calculated on the whole sample: the diffusion index recorded a minimum of -5.7 in January 2009; it peaked at 70.3 in April 2002; it had a mean of 34.8.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-07-31 | 33.2000 |
| 2026-08-31 | 37.1000 |
| 2026-09-30 | 25.3000 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Will new orders 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
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