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 was 8.0 (share of CEOs seeing a future increase minus share forecasting a decrease) in September 2026, versus -1.0 in August.
Sample. There are 303 records overall in the monthly time series displayed in the graph above. The series covers the time period extending from July 2001 to September 2026.
History. Here's a snapshot of some simple statistics computed on the whole sample: the diffusion index had an average value of -1.5; it reached its minimum of -39.0 in February 2009; it reached a maximum of 25.0 in February 2017.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-07-31 | 12.0000 |
| 2026-08-31 | -1.00000 |
| 2026-09-30 | 8.00000 |
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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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