Kansas City Fed Manufacturing Survey: Capital expenditures: Future (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - United States - Kansas City Fed - Monthly
This series is part of the dataset: Kansas City Fed Manufacturing Survey
Download Full Dataset (.xlsx)Latest updates. According to recent survey data about manufacturing firms in the Tenth Federal Reserve District, the seasonally adjusted diffusion index for capital expenditures was 11.0 (share of CEOs seeing a future increase minus share forecasting a decrease) in September 2026, compared to 17.0 in August.
Sample. This monthly series has 303 data points. The time span covered by the series extends from July 2001 to September 2026.
History. Here are a few descriptive statistics we computed on the entire sample: the diffusion index had an average value of 12.5; it hit a minimum of -38.0 in March 2020; it hit a maximum of 37.0 in April 2018.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-07-31 | 10.0000 |
| 2026-08-31 | 17.0000 |
| 2026-09-30 | 11.0000 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Will capital expenditures increase or decrease over the next six months? |
| Country | United States |
| Economic concept | Business survey response |
| Data type | Leading indicator of the business cycle |
| Seasonally adjusted | Yes |
| Deflation method | Not applicable |
| Rescaling | None |
| Measure type | Diffusion index (share of respondents reporting an increase minus share reporting a decrease) |
| Frequency | Monthly |
| Unit | Percentage points |
| Source | Federal Reserve Bank of Kansas City |
| Source type | Central bank |
| Data licence | Reproduction allowed subject to conditions |
| Other information | FS correspondence: Capital expenditures |
| FSR temporal aggregation code | LM01 |
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