Empire State Manufacturing Survey: Shipments: 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, the seasonally unadjusted diffusion index for shipments (share of CEOs seeing a recent increase minus share reporting a decrease) was 5.0 in September 2026, versus 6.2 in August 2026.
Sample. In the monthly time series plotted above, there are 303 observations. The span of time covered by the series stretches from July 2001 to September 2026.
History. Here are a few statistics calculated on the entire sample: the diffusion index averaged 10.1; it reached its lowest level of -61.9 in April 2020; it reached its maximum of 54.2 in May 2004.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-07-31 | 24.0000 |
| 2026-08-31 | 6.20000 |
| 2026-09-30 | 5.00000 |
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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 | 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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