Fifth District Survey of Manufacturing Activity: Inventories of finished goods: Current (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - United States - Richmond FED - Monthly
This series is part of the dataset: Fifth District Survey of Manufacturing Activity (Richmond FED)
Download Full Dataset (.xlsx)Latest updates. According to survey data about manufacturers based in the Fifth District, the seasonally adjusted diffusion index for inventories of finished goods (share of CEOs seeing a recent increase minus share reporting a decrease) stood at 4.0 in September 2026, compared to 3.0 in the previous month.
Sample. This monthly series has 353 observations in total. The period covered by the series stretches from May 1997 to September 2026.
History. Take a look at a few statistics calculated on the full sample: the diffusion index reached a minimum of -21.0 in November 2021; it recorded its highest level of 47.0 in September 2000; it averaged 17.2.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-07-31 | 9.00000 |
| 2026-08-31 | 3.00000 |
| 2026-09-30 | 4.00000 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Did finished goods inventories 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 Richmond |
| Source type | Central bank |
| Data licence | Not copyrightable under U.S. law |
| Measure type | Diffusion index (share of respondents reporting an increase minus share reporting a decrease) |
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