Kansas City Fed Manufacturing Survey: Inventories of finished goods: 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 inventories of finished goods was 12.0 (share of CEOs seeing a future increase minus share forecasting a decrease) in December 2025, versus 3.0 in November 2025.
Sample. This monthly series has 294 observations overall. The series covers the period going from July 2001 to December 2025.
History. Take a look at a few simple statistics we calculated on the entire sample: the diffusion index had a mean value of -1.7; it reached a trough of -38.0 in February 2009; it attained a maximum of 23.0 in February 2017.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-10-31 | 4.0 |
| 2025-11-30 | 3.0 |
| 2025-12-31 | 12.0 |
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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 | 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: Inventories of finished goods |
| FSR temporal aggregation code | LM01 |
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