Kansas City Fed Manufacturing Survey: Inventories of finished goods: 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 inventories of finished goods stood at 9.0 (share of CEOs seeing a future increase minus share forecasting a decrease) in December 2025, versus -2.0 in the previous month.
Sample. In this monthly time series, there are 294 observations in total. The span of time covered by the series is from July 2001 to December 2025.
History. Here's a snapshot of some summary statistics we calculated on the entire sample: the diffusion index recorded its highest level of 25.0 in February 2017; it recorded a minimum of -39.0 in February 2009; it had a mean value of -1.7.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-10-31 | 3.0 |
| 2025-11-30 | -2.0 |
| 2025-12-31 | 9.0 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Will inventories of finished goods 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: Inventories of finished goods |
| FSR temporal aggregation code | LM01 |
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