Empire State Manufacturing Survey: Shipments: 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. According to survey data about NY-based manufacturers collected by the Federal Reserve, the seasonally adjusted diffusion index for shipments (share of CEOs seeing a recent increase minus share reporting a decrease) was -3.2 in September 2026, compared to 11.7 in August 2026.
Sample. This monthly series has 303 observations. The series covers the time span going from July 2001 to September 2026.
History. Here's a glimpse of some statistics computed on the whole sample: the diffusion index recorded a maximum of 49.6 in April 2004; it recorded a bottom of -70.9 in April 2020; it had an average value of 10.3.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-07-31 | 24.4000 |
| 2026-08-31 | 11.7000 |
| 2026-09-30 | -3.20000 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Did shipments 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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