Kansas City Fed Manufacturing Survey: New orders: Current (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 new orders stood at 7.0 (share of CEOs seeing a recent increase minus share reporting a decrease) in February 2026, compared to 0.0 in January.
Sample. There are 296 data points overall in the monthly time series presented in the graph above. The period covered by the series is from July 2001 to February 2026.
History. Here's a glimpse of a few summary statistics calculated on the entire sample: the diffusion index had a mean value of 5.1; it hit a maximum of 40.0 in December 2003; it reached a trough of -60.0 in April 2020.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-12-31 | -2.0 |
| 2026-01-31 | 0.0 |
| 2026-02-28 | 7.0 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Did new orders increase or decrease in the past month? |
| Country | United States |
| Economic concept | Business survey response |
| Data type | Coincident 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: New orders |
| FSR temporal aggregation code | LM01 |
Series in the same data set
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