Empire State Manufacturing Survey: Unfilled 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, the seasonally unadjusted diffusion index for unfilled orders (share of CEOs seeing a recent increase minus share reporting a decrease) was -6.9 in September 2025, compared to -5.5 in August 2025.
Sample. There are 291 data points in the montly time series displayed in the figure above. The span of time covered by the series extends from July 2001 to September 2025.
History. Check out some summary statistics we computed on the full sample: the diffusion index had an average value of -4.7; it recorded its maximum of 36.5 in September 2001; it recorded a bottom of -27.7 in December 2008.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-07-31 | -6.4 |
| 2025-08-31 | -5.5 |
| 2025-09-30 | -6.9 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Did unfilled 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 | Montly |
| 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
Discover the other time series included in this data set.