Fifth District Survey of Manufacturing Activity: Vendor lead times: 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. Based on firms' responses to the Fifth District Survey of Manufacturing Activity carried out by the Richmond FED, the seasonally adjusted diffusion index for vendor lead times (share of CEOs seeing a recent increase minus share reporting a decrease) was 8.0 in September 2026, compared to 16.0 in August.
Sample. This monthly series has 363 records in total. The series covers the time range going from July 1996 to September 2026.
History. Take a look at some descriptive statistics we computed on the full sample: the diffusion index had a mean of 6.4; it attained a maximum of 67.0 in May 2021; it recorded a bottom of -29.0 in December 2022.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-07-31 | 17.0000 |
| 2026-08-31 | 16.0000 |
| 2026-09-30 | 8.00000 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Did vendor lead times 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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