Fifth District Survey of Non-Manufacturing Activity: Revenues: Future (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - United States - Richmond FED - Monthly
This series is part of the dataset: Fifth District Survey of Non-Manufacturing Activity (Richmond FED)
Download Full Dataset (.xlsx)Latest updates. Based on firms' responses to the Fifth District Survey of Non-Manufacturing Activity carried out by the Richmond FED, the seasonally unadjusted diffusion index for revenues (share of CEOs seeing a future increase minus share forecasting a decrease) was 29.0 in September 2026, compared to 34.0 in the previous month.
Sample. This monthly series has a total of 190 data points. The time span covered by the series stretches from December 2010 to September 2026.
History. Here's a glimpse of some statistics calculated on the whole sample: the diffusion index hit a maximum of 60.0 in May 2021; it recorded a bottom of -43.0 in April 2020; it was equal on average to 28.4.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-07-31 | 33.0000 |
| 2026-08-31 | 34.0000 |
| 2026-09-30 | 29.0000 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Will revenues increase or decrease over the next six months? |
| Country | United States |
| Economic concept | Business survey response |
| Data type | Leading indicator of the business cycle |
| Deflation method | Not applicable |
| Seasonally adjusted | No |
| 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) |
| Other information | Not available |
Series in the same data set
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