Kansas City Fed Manufacturing Survey: Capital expenditures: Future (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - 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 unadjusted diffusion index for capital expenditures was 14.0 (share of CEOs seeing a future increase minus share forecasting a decrease) in September 2026, the same value recorded in the previous month.
Sample. In the monthly series displayed in the plot, there are 303 data points in total. The time span covered by the series is from July 2001 to September 2026.
History. Here's a glimpse of a few statistics calculated on the full sample: the diffusion index hit a trough of -41.0 in March 2020; it recorded its highest level of 38.0 in December 2018; it averaged 12.5.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-07-31 | 10.0000 |
| 2026-08-31 | 14.0000 |
| 2026-09-30 | 14.0000 |
Tip. We organize indicators into data sets and worksheets to simplify complex analyses. If you look below, you will find how we structured further information linked to the statistics provided here.
Not for investment purposes. Data accessible on this web site are not suitable for investment purposes or as a basis for financial-decision making. Users should seek professional advice and perform independent analysis before pledging money to any investment.
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 | No |
| 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 |
Series in the same data set
Discover the other time series included in this data set.